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|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|
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||||||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|
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||||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|
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|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|
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|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|
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|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|
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|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|
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|---|---|---|---|---|---|---|---|---|
|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|
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|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|
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|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|
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|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|
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|agreements
are as follows:||g
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|---|---|---|
||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|
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