2021-03-31-accounts

CONTENTS			PAGES
Directors' Report			1-9
independent Auditor's	Report		10 — 12
Statement of Financial	Activities		13
Balance Sheet			14
Cash Flow Statement			15
Notes forming part of	the Financial	Statements	16-26

					Unrestricted	Restricted	Total Funds	Total Funds
				Notes	Funds	Funds	2021	2020
					E	E	E	E
Income
Investments					824,337		824,337	914,329
Other income					540		540	658
Total					824,877		824,877	914,987
Expenditure
Raising funds					330,585		330,585	244,698
Charitable activities					619,894		619,894	636,904
Total					950,479		950,479	881,602
Net income/(expenditure)			before		(125,602)		(125,602)	33,385
investment gains/(losses)
Gains/(losses)	on investment		assets		220,367		220,367	20,023
Net income/(expenditure)					94,765		94,765	53,408
Transfers				18
Net movement	in	funds			94,765		94,765	53,408
Reconciliation	of	funds
Total funds brought		forward			16,039,619	66,798	16,106,417	16,053,009
Total funds carried forward					f16,134,384	266,798	616,201,182	216,106,417

			BALANCE SHE	BALANCE SHE	ET
			AS AT 31 MARCH		2021
			Notes		2021	2020
FIXEDASSETS
Tangible fixed assets			14		39,923	44,270
Investments			15		15,629,680	15,409,313
					15,669,603	15,453,583
CURRENT ASSETS
Debtors			16	97,915		126,774
Cash at bank and	in hand			647,938		735,909
				745,853		862,683
CREDITORS: Amounts		falling due
within one year			17	214,274		209,849
NET CURRENT ASSETS					531,579	652,834
NET ASSETS			19		f16,201,182	f16,106,417
FUNDS
Restricted funds			18		66,798	66,798
Unrestricted funds
General fund			18		2,640,114	2,545,349
Designated funds			18		13,494,270	13,494,270
					216,201,182	216,106,417

FOR THE Y	EAR	ENDED 31 MARCH	2021
			2021	2020
			E	f
Cash flows from operating activities
Net movement in funds per statement offinancial		activities	94,765	53,408
Adjustments for:
Investment income —Rent and management		fee receivable	(765,720)	(850,936)
Investment income - Interest and dividends		receivable	(58,617)	(63,393)
Unrealised (gains)/losses on revaluation	of	investment
assets			(220,367)	(20,023)
Depreciation charges			12,611	13,435
(Increase) / decrease in debtors			28,759	(43,925)
increase / (decrease) in creditors			4,425	(57,324)
Net cash provided by /(used in) operating	activities		(904,044)	(968,758)
Cash flows from investing activities
Investment income —Rent and management	fee	received	765,720	851,803
Investment income —Interest and dividends	received		58,617	62,526
Purchase of tangible fixed assets			(8,264)	(52,871)
Net cash provided byl(used in) investing	activities		816,073	861,458
Change in cash and cash equivalents in the year			(87,971)	(107,300)
Cash and cash equivalents brought forward			735,909	843,209
Cash and cash equivalents carried forward			6647,938	735,909
Analysis of cash and cash equivalents			2021	2020
Cash at bank and in hand			6647,938	f735,909

2.	INVESTMENT INCOME			Unrestricted		Restricted	Total	Total
				Funds		Funds	2021	2020
				E		E	F	E
	Rent receivable			650,327			650,327	830,915
	Contributions to dilapidations			98,821			98,821
	Service charge management	fee		16,572			16,572	20,021
	Bank interest and dividends			58,617			58,617	63,393
				2824,337		ENil	2824,337	2914,329
	All of the 2914,329 recognised		in 2020 related to unrestricted			funds.
3.	OTHER INCOME			Unrestricted		Restricted	Total	Total
				Funds		Funds	2021	2020
	Sundry income			2540		ENII	2540	2658
	All of the 2658 recognised in	2020 related		to unrestricted	funds.
4.	COST OF RAISING FUNDS			Direct		Support	Total	Total
				costs		costs	2021	2020
	Investment management costs			f308,472		f22,113	f330,585	6244,698
	All of the f244,698 expenditure		recognised	in 2020 was	charged to unrestricted funds.
5.	EXPENDITURE ON CHARITABLE ACTIVITIES

			Grant	Direct	Support	Total	Total
			funding	costs	costs	2021	2020
Research	and	dissemination	2510,578	281,164	f28,152	2619,894	2636,904

					/contd.	..
6.	ANALYSIS OF		GRANTS PAYABLE					2021	2020
									E
	Grants to institutions
	Institute ofAlcohol Studies							485,521	501,700
	Alcohol Change		UK					15,000	15,000
	UCL							9,937
								510,458	516,700
	Other Grants							120
								F510,578	f516,700
7.	ANALYSIS OF		DIRECT COSTS		Raising		Charitable	Total	Total
					funds		activities	2021	2020
						F	E	E	F
	Staff costs				63,184		80,443	143,627	150,177
	Building and	service charge			220,200			220,200	101,728
	Legal and professional			fees	25,088			25,088	44,016
	Other direct	costs					721	721	1,424
					2308,472		681,164	2398,636	6297,345
8.	ANALYSIS	OF	SUPPORT COSTS		Raising		Charitable	Total	Total
					funds		activities	2021	2020
						E	E	F	f
	Office expenses					9,607	12,232	21,839	34,181
	Premises expenses					4,081	5,195	9,276	10,166
	Governance	costs (note 9)				2,877	3,662	6,539	9,775
	Depreciation					5,548	7,063	12,611	13,435
					222,113		228,152	f50,265	F67,557
9.	GOVERNANCE		COSTS					2021	2020
								E	E
	Audit fees							5,500	5,500
	Directors meetings							84	3,353
	Insurance							955	922
								E6,539	E9,775

NET INCOME
				2021	2020
This is stated after	charging:
Auditors remuneration		—audit	services	E5,500	E5,500
Depreciation				212,611	213,435
Foreign exchange	loss/(gain)			E197	E(200)
Operating lease rentals				f26,323	F7,173
STAFF COSTS AND NUMBERS				2021	2020
				f.	E
Salaries				92,150	99,713
Social security costs				9,312	8,086
Pensions to former	employees		(see note 22)	15,841	15,651
Pension costs				19,023	15,316
Other staff costs				7,301	11,411
				2143,627	150,177

14.	TANGIBLE FIXE	DASSETS
			Fixtures
			and	Computer
			fittings	equipment	Total
			E	F	E
	Cost/valuation:
	At 1 April 2020		93,951	22,079	116,030
	Additions		6,954	1,310	8,264
	At 31 March 2021		100,905	23,389	124,294
	Depreciation:
	At 1 April 2020		53,741	18,019	71,760
	Charge for year		9,753	2,858	12,611
	At 31 March 2021		63,494	20,877	84,371
	Net Book Value:
	At 31 March 2021		f37,411	E2,512	239,923
	At 31 March 2020		640,210	E4,060	244,270
15.	FIXEDASSET	INVESTMENTS	Investment	Listed
			Property	investments	Total
			E	E	E
	Market value at	1 April 2020	13,000,000	2,409,313	15,409,313
	Acquisitions at	cost
	Net unrealised	gain on revaluation		220,367	220,367
	Market value at	31 March 2021	613,000,000	E2,629,680	615,629,680
	Historic cost at	31 March 2021	E2,063,216	E2,092,491	E4,155,707

16.	DEBTORS						2021	2020
							E	E
	P repayments						11,838	18,478
	Other debtors						86,077	108,296
							297,915	2126,774
17.	CREDITORS:	Amounts		falling due within one year			2021	2020
							E	F
	Deferred income						117,132	100,567
	Accruals						6,940	12,551
	Other creditors						90,202	96,73'I
							6214,274	F209,849
	Analysis of deferred		income		Balance	Additions	Released	Balance
					brought	in	to	carried
					forward	year	Income	forward
	Rents received	in advance			2100,567	2117,132	F100,567	2117,132

18.	MOVEMENT	IN FUNDS	Balance				Balance
			1 April	Income			31 March
			2020	(incl gains)	Expenditure	Transfers	2021
			E		E	E	E
	2021
	Unrestricted	funds
	General funds		2,545,349	1,045,244	937,868	(8,264)	2,644,461
	Designated	funds
	Future refurbishment		450,000				450,000
	Property and	other fixed
	assets		2,107,486		12,611	8,264	2,103,139
	Revaluation	reserve	10,936,784				10,936,784
			13,494,270		12,611	8,264	13,489,923
	Restricted funds
	Mrs Janet (Jessie) Ross
	Phillips' Trust		66,798				66,798
	Total funds		f16,106,417	E1,045,244	f950,479	fNil	616,201,182

Comparative	information fo	r the previous fin	ancial year is	as follows
		Balance				Balance
		1 April	Income			31 March
		2019	(incl gains)	Expenditure	Transfers	2020
		E	E	E	E	E
2020
Unrestricted	funds
General funds		2,484,838	935,010	804,072	(70427)	2,545,349
Designated	funds
Future refurbishment		450,000				450,000
Property and	other fixed
assets		2,068,050		13,435	52,871	2,107,486
Revaluation	reserve	10,936,784				10,936,784
		13,454,834		13,435	52,871	13,494,270
Restricted funds
Mr F.J.Orrell	Fund	46,539		64,095	17,556
Mrs Janet (Jessie) Ross
Phillips' Trust		66,798				66,798
		113,337		64,095	17,556	66,798
Total funds		F16,053,009	2935,010	2881,602	~Nil	C16,106,417

ANALYSIS	OF NET	AS	SETS BE	TWEEN FUNDS
				Tangible	Fixed	Other net
				fixed	asset	assets/	Total
2021				assets	investments	(liabilities)	2021
				E	E	E	E
Unrestricted	general	funds			2,629,680	14,781	2,644,461
Unrestricted	designated		funds	39,923	13,000,000	450,000	13,489,923
Restricted	funds					66,798	66,798
As at 31 March 2021				F39,923	615,629,680	f531,579	616,201,182

agreements are as follows:		g
	2021	2020
	E	E
Within one year	22,579	22,202
Between one and five years	90,317	113,923
More than five years	73,382	120,423
	f186,278	6256,548