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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
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|
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||||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|
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|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|
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|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|
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||||||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|
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|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|
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|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|
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|---|---|---|---|---|---|---|---|---|
|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|
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|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|
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|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|
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||||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||
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|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|
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