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2024-03-31-accounts

INTERNATIONAL SOCIETY FOR THE STUDY OF DRUG POLICY (ISSDP) CHARITY REGISTERED NO. 1177654 RECEIPTS AND PAYMENTS ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2024

INTERNATIONAL SOCIETY FOR THE STUDY OF DRUG POLICY (ISSDP) CHARITY REGISTERED NO. NO. 1177654

TRUSTEES' REPORT FOR THE PERIOD ENDED 31 MARCH 2024

REFERENCE AND ADMINISTRATIVE INFORMATION

The Charity is registered with the Charities Commission, its registration number is 1177654.

The principal office of the Charity is Manchester Metropolitan University All Saints Grosvenor Square Manchester M15 6BH.

TRUSTEES

The Trustees of the charity are:-

Dr B Kilmer (Vice President) Dr A O’Gorman Dr G Lasco Dr L Vandam Dr K Joe Prof AW Stevens Prof RL Pacula (Immediate past president) Dr C Hughes (President) Dr J Collins Dr R Askew Prof P Reuter

STRUCTURE, GOVERNANCE AND MANAGEMENT

The International Society for the Study of Drug Policy is a registered charity (charity number 1177654).

The trustees meet regularly to discuss the charity's progress, formulate general policy and plan seminars and conferences that promote the charity’s objectives. They are ultimately responsible for the day to day management of the charity, including the making, enforcing and altering of rules, and the authority for all expenditure. The current operational management of the charity is conducted by the trustees.

The income and property of the charity shall be applied solely towards the promotion of its objects as set out in its Trust Deed. No proportion thereof shall be paid or transferred, directly or indirectly, by way of bonus or otherwise by way or profit, to members of the charity. No member of the board of trustees shall be appointed to any office of the charity paid by way or salary or fees. Neither shall they receive any remuneration or other benefit in money or kind from the charity

Recruitment and Appointment of Trustees

Trustees are elected and/or re-elected in accordance with the provisions set out in the organisation's constitution. Elections take place every 2 years, while positions on the board as a trustee last 4 years.

OBJECTIVES AND ACTIVITIES

The International Society for the Study of Drug Policy (ISSDP) is a society of scholars committed to advancing drug policy research. The ISSDP's objectives are to:

We achieve this through our annual scholarly international conference. This event brings together many of the best known academics in the drug policy field with decision makers and policy-makers.

INTERNATIONAL SOCIETY FOR THE STUDY OF DRUG POLICY (ISSDP) CHARITY REGISTERED NO. NO. 1177654

TRUSTEES' REPORT FOR THE PERIOD ENDED 31 MARCH 2024

The ISSDP also supports emerging drug policy scholars, through scholarships to attend the annual scientific conference. Scholarships are available for doctoral students and scholars from developing countries and are advertised in the call for papers for each conference.

ISSDP also supports research through the availability of an online bibliography of grey literature relevant to drug policy.

ACHIEVEMENTS AND PERFORMANCE

For the year 2023/24, the ISSDP has approximately 140 members, a fall on previous years as we made preparations to implement a new management programme to register members. In May-June 2023, the ISSDP cohosted its annual conference with RAND Europe in Leuven, Belgium. An anonymous donor, donates $3,000 each year to be awarded as a prize to an outstanding researcher identified by an ISSDP committee for outstanding work published in the past 3 years, in addition to $500 stipend for the awardee to travel to a conference. This award and travel stipend was given at the ISSDP conference.

FINANCIAL REVIEW

The attached receipts and payments accounts show the current state of the finances, which the Trustees considers to be acceptable. Total incoming resources were £58,799 (2023: £18,596) and total outgoing payments amounted to £53,538 (2023: £14,746), the net surplus for the year was £5,261. Unrestricted funds amounted to £21,026 (2023: £15,566), whilst restricted funds were £2,604 (2023 £2,803) – the balance in restricted funds represents the unspent prize funds which was awarded in the year but not paid out.

Reserves Policy

The ISSDP Organization does not have a formal reserves policy within it’s bylaws. Nonetheless, we have a historical precedent to retain £10,000 across our accounts to ensure ability to pay ongoing monthly activities that include website updates, grey literature ongoing research, and administrative support.

PUBLIC BENEFIT

The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the Charity’s aims and objectives and in planning the future activities of the Charity, These are shown above in the section 'Objectives and activities'.

TRUSTEES RESPONSIBILITIES

The responsibilities of the trustees are to :-

(1) keep proper accounting records that disclose with reasonable accuracy the financial position of the charity; (2) safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities;

(3) manage other daily activities of the charity that are voted upon by the membership.

Approved by the trustees and signed on their behalf by:

Caitlin Hughes President Date:

01/02/25

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF

INTERNATIONAL SOCIETY FOR THE STUDY OF DRUG POLICY (ISSDP)

CHARITY REGISTERED NO. NO. 1177654

I report to the charity trustees on my examination of the receipts and payments accounts of the charity for the year ended 31 March 2024 which are set out on the following pages.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiners' statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

James Wheelan FCCA James Wheelan Accountancy Limited Chartered Certified Accountants Minshull House, 67 Wellington Road North, Stockport, SK4 2LP

Date: 03/02/25

INTERNATIONAL SOCIETY FOR THE STUDY OF DRUG POLICY (ISSDP) CHARITY REGISTERED NO. 1177654

RECEIPTS AND PAYMENTS ACCOUNT

31 MARCH 2024

Receipts
Memberships
Conference
Scholarships
Donations
Total receipts
Payments
Conference expenditure
Scholarships expenditure
Support costs
Accountancy
Travel
Grants
Other costs
Sub total
Asset and investment purchases
Total payments
Net of receipts/(payments)
Transfers between funds
Cash funds brought forward at 1 April 2023
Cash funds carried forward at 31 March 2024		 Unrestricted
Funds
Restricted
Funds
Total 2024
Total
2023
1,583
-
1,583
15,385
54,482
-
54,482
-
-
2,734
2,734
-
-
-
-
3,211
56,065
2,734
58,799
18,596
44,366
-
44,366
7,459
-
2,933
2,933
-
3,338
-
3,338
-
-
-
-
1,080
-
-
-
583
-
-
-
-
2,901
-
2,901
5,625
50,605
2,933
53,538
14,747
-
-
-
-
50,605
2,933
53,538
14,747
5,460
(199)
5,261
3,849
-
-
-
-
15,566
2,803
18,369
14,520
21,026 2,604
23,630
18,369

INTERNATIONAL SOCIETY FOR THE STUDY OF DRUG POLICY (ISSDP) CHARITY REGISTERED NO. 1177654

STATEMENT OF ASSETS AND LIABILITIES AS AT 31 MARCH 2024

CASH FUNDS
Current accounts
Total cash funds
OTHER MONETARY
ASSETS
Debtors
Total
LIABILITIES
Accruals
Total liabilities		 Unrestricted
Funds
Restricted
Funds
Total
2024
Total
2023
21,026 2,604
23,630
18,369
21,026 2,604
23,630
18,369
- - - -
- - - -
570
- 1,020
570
570
- 1,020
570

Approved by the Management Committee and signed on its behalf

Caitlin Hughes

President

Date:

01/02/25