2022-03-31-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 6	Funds	2022f	2021 6
Income
Investments				697,687		697,687	824,337
Other income				133		133	540
Total				697,820		697,820	824,877
Expenditure
Raising funds				196,027		196,027	330,585
Charitable activities				691,037		691,037	619,894
Tota I				887,064		887,064	950,479
Net income/(expenditure)		before
investment gains/(losses) Gains/(losses) on investment		assets		(189,244) 2,064,464		(189,244) 2,064,464	(125,602) 220,367
Net income/(expenditure) Transfers			18	1,875,220		1,875,220	94,765
Net movement	in funds			1,875,220		1,875,220	94,765
Reconciliation	offunds
Total funds brought forward				16,134,384	66,798	16,201,182	16,106,417
Total funds carried forward				618,009,604	666,798	618,076,402	616,201,182

			Notes		2022	2021
FIXEDASSETS
Tangible fixed assets			14		25,895	39,923
Investments			15		17,694,144	15,629,680
					17,720,039	15,669,603
CURRENT ASSETS
Debtors			16	36,166		97,915
Cash at bank and	in hand			348,975		647,938
				385,141		745,853
CREDITORS: Amounts		falling due
within one year			17	28,778		214,274
NET CURRENT ASSETS					356,363	531,579
NET ASSETS			19		618,076,402	616,201,182
FUNDS
Restricted funds			18		66,798	66,798
Unrestricted funds
General fund			18		2,533,709	2,640,114
Designated funds			18		15,475,895	13,494,270
					618,076,402	616,201,182

FOR THE Y	EAR	ENDED 31 MARCH	2022
			2022	2021
			E	f
Cash flows from operating activities
Net movement in funds per statement offinancial		activities	1,875,220	94,765
Adjustments for:
Investment income - Rent and management Investment income - Interest and dividends Unrealised (gains)ilosses on revaluation of		fee receivable receivable investment	(638,600) (59,087)	(765,720) (58,617)
assets Depreciation charges (Increase) idecrease in debtors Increase i (decrease) in creditors			(2,064,464) 16,034 61,749 (185,496)	(220,367) 12,611 28,859 4,425
Net cash provided by/(used in) operating	activities		(994,644)	(904,044)
Cash flows from investing activities
Investment income —Rent and management	fee	received	638,600	765,720
Investment income —Interest and dividends Purchase oftangible fixed assets	received		59,087 (2,006)	58,617 (8,264)
Net cash provided by/(usedin) investing	activities		695,681	816,073
Change in cash and cash equivalents in the year			(298,963)	(87,971)
Cash and cash equivalents brought forward			647,938	735,909
Cash and cash equivalents carried forward			6348,975	6647,938
Analysis of cash and cash equivalents			2022	2021
Cash at bank and in hand			6348,975	6647,938

2.	INVESTMENT INCOME			Unrestricted		Restricted	Tota I	Total
				Funds		Funds	2022	2021
				6		F	6
	Rent receivable			622,251			622,251	650,327
	Contributions to dilapidations							98,821
	Service charge management	fee		16,349			16,349	16,572
	Bank interest and dividends			59,087			59,087	58,617
				8697,687		ENII	f697,687	6824,337
	All of the 6824,337recognised		in 2021 related to unrestncted			funds.
3.	OTHER INCOME			Unrestricted		Restncted	Total	Total
				Funds		Funds	2022	2021
	Sundry income			f133		ENil	8133	f540
	All ofthe E540 recognised in	2021 related		to unrestricted	funds.
4.	COST OF RAISING FUNDS			Direct		Support	Total	Total
				costs		costs	2022	2021
	tnvestment management costs			6170,663		f25,364	6196,027	6330,585
	All of the 6330,585 expenditure		recognised	in 2021 was	charged to unrestncted funds.
5.	EXPENDITURE ON CHARITABLE ACTIVITIES

			Grant	Direct	Support	Total	Total
			funding	costs	costs	2022	2021
Research	and	dissemination	f441,259	6217,497	f32,281	8691,037	8619,894

					lcontd. ..
6.	ANALYSIS	OF	GRANTS PAYABLE				2022 6	2021f
	Grants to institutions
	Institute ofAlcohol Studies						441,259	485,521
	Alcohol Change		UK					15,000
	UCL							9,937
							441,259	510,458
	Other Grants							120
							6441,259	6510,578
?.	ANALYSIS OF		DIRECT COSTS		Raising	Charitable	Total	Total
					funds	activities	2022	2021
						6	6	6
	Staff costs				54,945	69,929	124,874	143,627
	Building and	service charge			104,575	133,096	237,671	220,200
	Legal and professional			fees	11,143	14,182	25,325	25,088
	Other direct	costs				290	290	721
					6170,663	6217,497	6388,160	6389,636
8.	ANALYSIS OF		SUPPORT COSTS		Raising	Charitable	Total	Total
					fundsf	activities f	2022 6	2021 f
	Office expenses				11,197	14,250	25,447	21,839
	Premises expenses				4,633	5,897	10,530	9,276
	Governance	costs (note 9)			2,479	3,155	5,634	6,539
	Depreciation				7,055	8,979	16,034	12,611
					625,364	632,281	657,645	650,265
9.	GOVERNANCE		COSTS				2022	2021
							6
	Audit fees						4,320	5,500
	Directors meetings						332	84
	Insurance						982	955
							65,634	66,539

NET INCOME
				2022	2021
This is stated after	charging:
Auditors remuneration		- audit	services	64,320	65,500
Depreciation				616,034	612,611
Foreign exchange	loss/(gain)			(F54)	6197
Operating lease rentals				6 Nil	626,323
STAFF COSTS AND NUMBERS				2022	2021
				F	5
Salaries				73,606	92,150
Social security costs				7,594	9,312
Pensions to former	employees		(see note 22)	16,032	15,841
Pension costs				16,865	19,023
Other staff costs				10,777	7,301
				6124,874	6143,627

14.	TANGIBLE FIX	EDASSETS
			Fixtures
			and	Computer
			fittings f	equipment f	Totalf
	Cost/valuation:
	At 1 April 2021		100,905	23,389	124,294
	Additions		149	1,857	2,006
	Disposals			(4,899)	(4,899)
	At 31 March 2022		101,054	20,347	121,401
	Depreciation:
	At I Apnl 2021		63,494	20,877	84,371
	Charge for year		13,339	2,695	16,034
	Eliminated on disposal			(4,899)	(4,899)
	At 31 March 2022		76,833	18,673	95,506
	Net BookValue:
	At 31 March 2022		f24,221	f1,674	f25,895
	At 31 March 2021		f37,411	f2,512	f39,923
15.	FIXED ASSET	INVESTMENTS	Investment	Listed
			Property f	investments f	Tata If
	Market value at	1 April 2021	13,000,000	2,629,680	15,629,680
	Net unreaksed	gain on revaluation	2,000,000	64,464	2,064,464
	Market value at 31 March 2022		f15,000,000	f2,694,144	f17,694,144
	Histonc cost at	31 March 2022	f2,063,216	f2,092,491	f4,155,707

16.	DEBTORS						2022	2021f
	Prepayments						7,636	11,838
	Other debtors						28,530	86,077
							f36,166	697,915
17.	CREDITORS:	Amounts		falling due within one year			2022	2021
							E	6
	Deferred income							117,132
	Accruals							6,940
	Other creditors						28,778	90,202
							628,778	E214,274
	Analysis of deferred		income		Balance	Additions	Released	Balance
					brought	ln	to	cerned
					forward	year	Income	forward
	Rents received	in advance			6117,132	ENil	E(117,132)	fNil

MOVEMENT	IN FUNDS	Balance				Balance
		1 April	Income			31 March
		2021 8	(incl gains) 6	Expenditure f	Transfers f	2022f
2022
Unrestricted	funds
General funds		2,644,461	762,284	871,030	(2,006)	2,533,709
Designated	funds
Future refurbishment		450,000				450,000
Property and	other fixed
assets		2,103,139		16,034	2,006	2,089,111
Revaluation	reserve	10,936,784	2,000,000			12,936,784
		13,489,923	2,762,284	877,064		15,475,895
Restricted funds
Mrs Janet (Jessie) Ross
Philhps' Trust		66,798				66,798
Total funds		816,201,182	62,762,284	f887,064	ENil	f18,076,402

Comparative	information	for the	previou	s fi	na	ncial yea	r i	s as follows
			Balance									Balance
			1 April			Income						31 March
			2020 6			(incl gains)		Expenditure f	Transfers f			2021 6
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		616,I06,417				61,045,244		6950,479			ENil	616,201,182
ANALYSIS	OF NET ASSETS		BETWEEN		FUNDS
				Tangible				Fixed	Other net
				fixed				asset	assets/			Total
2022				assets 6			investments 6		(liabihties) f			2022 6
Unrestricted	general funds							2,694,144	(160,435)			2,533,709
Unrestricted	designated	funds		25,895			15,000,000		450,000			15,475,895
Restricted	funds								66,798			66,798
As at 31 March 2022				625,895			617,694,144		6356,363			f18,076,402

			Tangible	Tangible	Fixed	Other net
			fixed		asset	assets/	Total
2021			assets f		investments f	(liabilities) f	2021
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		639,923		615,629,680	6531 579	616201 182
RELATED PARTY TRANSACTIONS
Details of related	party		transactions during	the year	are as follows:
Name of related			Nature of		Transaction
Party			relationship		details	Amount	Balance
2022						6	f
The Institute of			Trustees		Grant
Alcohol Studies			in common		funding	441,259	(8,589)
The Institute of			Trustees		Rent
Alcohol Studies			in common		receivable	54,637
2021
The Institute of			Trustees		Grant
Alcohol Studies			in common		funding	485,521	(10,313)
The Institute of			Trustees		Rent
Alcohol Studies			in common		receive b Ie	51,000

agreements are as follows:
	2022	2021
	6	6
Within one year	22,579	22,579
Between one and five years	90,317	90,317
More than five years	52,684	73,382
	6165,580	6186,278