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|CONTENTS||PAGES|
|---|---|---|
|Directors'
Report|||
|Independent
Auditor's|Report|10-12|
|Statement
of Financial|Activities|13|
|Balance Sheet|||
|Cash Flow Statement||15|
|Notes forming
part of|the Financial Statements|16-26|
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||||||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|---|---|
|||||l4otes|Funds|Funds|2023|2022|
||||||8|6|f||
|Income|||||||||
|Investments|||||755,747||755,747|697,687|
|Other income|||||281||281|133|
|Total|||||756,028||756,028|697,820|
|Expenditure|||||||||
|Raising funds|||||228,678||228,678|196,027|
|Charitable
activities|||||649,253||649,253|691,037|
|Total|||||877,931||877,931|887,064|
|Net income/(expenditure)|||before||||||
|investment|gains/(losses)||||(121,903)||(121,903)|(189,244)|
|Unrealised|gains/(losses)||on||||||
|investment|assets||||(78,890)||(78,890)|2,064,464|
|Realised gains/losses||on|||||||
|investment|assets||||(158,868)||(158,868)||
|Net income/(expenditure)|||||(359,661)||(359,661)|1,875,220|
|Transfers||||18|||||
|Net movement
in funds|||||(359,681)||(359,661)|1,875,220|
|Reconciliation
offunds|||||||||
|Total funds|brought|forward|||18,009,604|66,798|18,076,402|16,201,182|
|Total funds|carried|forward|||617,649,943|566,798|817,716,741|618,076,402|
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||||Notes|6|2023|f|2022
f|
|---|---|---|---|---|---|---|---|
|FIXEDASSETS||||||||
|Tangible fixed assets|||14|||15,787|25,895|
|Investments|||15||17,376,413||17,694,144|
||||||1|7,392,200|17,720,039|
|CURRENT ASSETS||||||||
|Debtors|||16|103,098|||36,166|
|Cash at bank and|in hand|||389,413|||348,975|
|||||492,511|||385,141|
|CREDITORS: Amounts||falling due||||||
|within one year|||17|167,970|||28,778|
|NET CURRENTASSETS||||||324,541|356,363|
|NET ASSETS|||19||Et|7,716,741|618,076,402|
|FUNDS||||||||
|Restricted
funds|||18|||66,798|66,798|
|Unrestricted
funds||||||||
|General
fund|||18|||2,184,156|2,533,709|
|Designated
funds|||18||15,465,787||15,475,895|
||||||617,716,741||Et8,076,402|
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|FOR THE Y|EAR|ENDED 31 MARCH|2023||
|---|---|---|---|---|
||||2023f|2022
f|
|Cash flows from operating
activities|||||
|Net movement
in funds per statement
offinancial||activities|(359,661)|1,875,220|
|Adjustments
for:|||||
|Investment
income - Rent and management||fee receivable|(686,826)|(638,600)|
|Investment
income - Interest and dividends||receivable|(68,921)|(59,087)|
|Unrealised
(gains)/losses
on revaluation|of|investment|||
|assets
Realised loss on sale of investments|||78,890
158,868|(2,064,464)|
|Depreciation
charges
(Increase) Idecrease
in debtors
by/(used|||13,427
(66,932)|16,034
61,749|
|Increase I(decrease)
in creditors|||139,192|(185,496)|
|Net cash provided
in) operating|activities||(791,963)|(994,644)|
|Cash flows from investing
activities|||||
|Investment
income - Rent and management|fee|received|686,826|638,600|
|Investment
income
—Interest and dividends|received||68,921|59,087|
|Purchase
ofinvestment
assets|||(735,621)||
|Sale of investment
assets|||815,594||
|Purchase
oftangible axed assets|||(3,319)|(2,006)|
|Net cash provided
byl
(used inj investing|activities||832,401|695,681|
|Change
In cash and cash equivalents
in the year|||40,438|(298,963)|
|Cash and cash equivalents
brought
forward|||348,975|647,938|
|Cash and cash equivalents
canted forward|||f389,413|f348,975|
|Analysis
ofcash and cash equivalents|||2023|2022|
|Cash at bank and
in hand|||f389,413|f348,975|
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|2.|INVESTMEI4T INCOME||||Unrestricted||Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||Funds||Funds|2023|2022|
||||||6|||6||
||Rent receivable||||686,826|||686,826|622,251|
||Service charge management||fee||||||16,349|
||Bank interest and dividends||||68,921|||68,921|59,087|
||||||6755,747||ENil|6755,747|F697,687|
||All ofthe 6697,687 recognised|||in 2022 related to unrestricted|||funds.|||
|3.|OTHER INCOME||||Unrestricted||Restricted|Total|Total|
||||||Funds||Funds|2023|2022|
||Sundry
income||||f281||B4il|8281|f133|
||All ofthe F133recognised|in|2022 related||to unrestricted|funds.||||
|4.|COST OF RAISING FUNDS||||Direct||Support|Total|Total|
||||||costs||costs|2023|2022|
||investment
management|costs|||F192,762||F35,916|6228,678|6196,027|
||All ofthe 8196,027 expenditure|||recognised|in 2022 was|charged to unrestricted
funds.||||
|5.|EXPENDITURE ON CHARITABLE ACTIVITIES|||||||||
||||Grant|Direct|Support|Total|Total|
|---|---|---|---|---|---|---|---|
||||funding|costs|costs|2023|2022|
|Research|and|dissemination|6539,364|f64,178|f45,711|8649,253|f691,037|
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|6.|ANALYSIS|OF GRANTS PAYABLE|||2023|2022|
|---|---|---|---|---|---|---|
||||||5||
||Grants to institutions||||||
||Institute
ofAlcohol Studies||||F539,364|5441,259|
|7.|ANALYSIS|OF DIRECT COSTS|Raising|Charitable|Total|Total|
||||funds|activities|2023|2022|
||||2||6||
||Staff costs||49,298|62,742|112,040|124,874|
||Building
and|service charge|142,694||142,694|237,671|
||Legal and professional fees||770|980|1,750|25,325|
||Other direct|costs||456|456|290|
||||f192,762|664,178|6256,940|6388,160|
|8.|ANALYSIS|OF SUPPORT COSTS|Raising|Charitable|Total|Total|
||||funds
E|activities
F|2023|2022f|
||Office expenses||22,401|28,512|50,913|25,447|
||Premises expenses||4,826|6,141|10,967|10,530|
||Governance|costs (note 9)|2,781|3,539|6,320|5,634|
||Depreciation||5,908|7,519|13,427|16,034|
||||F35,916|645,711|981,627|657,645|
|9.|GOVERNANCE COSTS||||2023|2022|
||||||6|8|
||Audit fees||||4,320|4,320|
||Directors'
meetings||||1,170|332|
||insurance||||830|982|
||||||86,320|f5,634|
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|NET INCOME||||||
|---|---|---|---|---|---|
|||||2023|2022|
|This is stated atter|charging:|||||
|Auditors'
remuneration||—audit|services|64,320|64,320|
|Depreciation||||613,427|616,034|
|Foreign exchange|loss/(gain)|||5196|(654)|
|Operating
lease rentats||||FNil|ENil|
|STAFF COSTS AND NUMBERS||||2023|2022|
||||||E|
|Salaries||||69,135|73,606|
|Social security costs||||3,697|7,594|
|Pensions
to former|employees||(see note 22)|16,433|16,032|
|Pension costs||||12,907|16,865|
|Other staff costs||||9,868|10,777|
|||||6112,040|6124,874|
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|14.|TANGIBLE FIXEDASSETS||||
|---|---|---|---|---|
|||Fixtures|||
|||and|Computer||
|||tlttings
6|equipment
f|Total
5|
||Cost/valuation:||||
||At 1 April 2022|101,054|20,347|121,401|
||Additions|732|2,587|3,319|
||Disposals||||
||At 31 March 2023|101,786|22,934|124,720|
||Depreciation:||||
||At 1 April 2022|76,833|18,673|95,506|
||Charge for year|11,509|1,918|13,427|
||Eliminated
on disposal||||
||At 31 March 2023|88,342|20,591|108,933|
||Net Book Value:||||
||At 31 March 2023|513,444|82,343|815,787|
||At 31 March 2022|F24,221|f1,674|625,895|
|15.|FIXEDASSET INVESTMENTS|Investment|Listed||
|||Property|investments|Total|
|||6|6|6|
||Market value at 1 April 2022|15,000,000|2,694,144|17,694,144|
||Disposals
in year||(815,594)|(815,594)|
||Acquisitions
in year||735,621|735,621|
||Net unrealised
loss on disposal||(158,868)|(158,868)|
||Net unrealised
loss on revaluation||(78,890)|(78,890)|
||Market value at 31 March 2023|615,000,000|62,376413|f17,376,413|
||Historic cost at 31 March 2023|52,063,216|E2,092,491|64,155,707|
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|16.|DEBTORS||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||||9||
||Prepayments||||||14,706|7,636|
||Other debtors||||||88,392|28,530|
||||||||9103,098|f36,166|
|17.|CREDITORS:|Amounts||falling due|within one year||2023f|2022
E|
||Deferred
income||||||147,386||
||Other creditors||||||20,584|28,778|
||||||||F167,970|528,778|
||Analysis
ofdeferred||income||Balance|Additions|Released|Balance|
||||||brought|in|to|canied|
||||||forward|year|Income|forward|
||Rents received|in advance|||fNil|f147,386|ENil|5147,386|
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|MOVEINENT|IN FUNDS|Balance|||||Balance|
|---|---|---|---|---|---|---|---|
|||1 April|Income||||31 March|
|||2022
8|(Ind gains)
F|Expenditure
f|Transfers||2023
8|
|2023||||||||
|Unrestricted|funds|||||||
|General
funds||2,533,709|756,028|1,102,262|(3,319)||2,184,156|
|Designated|funds|||||||
|Future refurbishment||450,000|||||450,000|
|Property
and|other fixed|||||||
|assets||2,089,111||13,427|3,319||2,079,003|
|Revaluation|reserve|12,936,784|||||12,936,784|
|||15,475,895|756,028|1,115,689|||15,465,787|
|Restricted funds||||||||
|Mrs Janet (Jessie) Ross||||||||
|Phillips' Trust||66,798|||||66,798|
|Total funds||818,076,402|F756,028|F1,115,689|ENil|fI7,716,741||
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|Comparative|information|forthe previous
fi|nancial year is|as follows:|||
|---|---|---|---|---|---|---|
|||Balance||||Balance|
|||1 April|Income|||31 March|
|||2021
5|(Ind gains)
f|Expenditure
6|Transfers
5|2022
f|
|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|||||||
|Phillips' Trust||66,798||||66,798|
|Totalfunds||F16,201,182|62,762,284|F887,064|ENII|F18,076,402|
|ANALYSIS|OF NET ASSETS BETWEEN||FUNDS||||
||||Tangible|Fixed|Other net||
||||fixed|asset|assets/|Total|
|2023|||assets|investments|(liabilities)|2023|
||||6|6|6|6|
|Unrestricted|general funds|||2,376,413|(192,257)|2,184,156|
|Unrestricted|designated|funds|15,787|15,000,000|450,000|15,465,787|
|Restricted funds|||||66,798|66,798|
|As of31 March 2023|||515,787|ft7,376,413|F324,541|F17,716,741|
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||||Tangible|Fixed|Other net||
|---|---|---|---|---|---|---|
||||fixed|asset|assets/|Total|
|2022|||assets
f|investments
6|(liabilities)
6|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|f17,694,144|f356,363|618,076,402|
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|Details ofrelated party tr|ansactions
during the|year are as follows:|||
|---|---|---|---|---|
|Name of related|Nature of|Transaction|||
|Party|relationship|details|Amount|Balance|
|2023|||6|6|
|The Institute
of|Trustees|Grant|||
|Alcohol Studies|in common|funding|539,364|28,290|
|The Institute
of|Trustees|Rent|||
|Alcohol Studies|in common|receivable|63,500||
|2022|||||
|The Institute
of|Trustees|Grant|||
|Alcohol Studies|in common|funding|441,259|(8,589)|
|The Institute
of|Trustees|Rent|||
|Alcohol Studies|in common|receivable|||
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|agreements
are as follows:|||
|---|---|---|
||2023|2022|
||f||
|VVithin one year|22,579|22,579|
|Between one and five years|90,317|90,317|
|More than five years|30,105|52,684|
||6143,001|6165,560|
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