ALLIANCE HOUSE FOUNDATION Company Nurnber". 372490 Charity Number= 208554 DIRECTORS. REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Kingston Burrowes Audit Ltd 308 Ewell Road Surbiton Surrey KT6 7AL
ALLIANCE HOUSE FOUNDATION Company Number: 372490 Charity Number. 208554 DIRECTORS, REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS PAGES DIr10T$. Report Independent ALtdilor's Report 10-12 Statement of Financtal Activities 13 Balan Sheet 14 Cash Flow Statement 15 Notes to the Financial Stal&monts 16-26
ALLIANCE HOUSE FOUNDATION DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Introduction The Directors of Alliance House Foundation present their annu81 report and the audited financial statements for the year ended 31 March 2025 which are also prepared to meet the requirements for Directors, report and financial slatemenls for thè purposes of the Companies Act 2006. The financial statements have been prepared in compliance with the Charities Act 2011, Companies Art 2006, UK G8n&rally Accepted Accounting Practice, the Memorandum and Articles of Association and the accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charib'es prèp2ring th8ir accounts in accordance with the Financial Roporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (issued in October 20191. Our Obiectives and Activities The objectives of the Charitable Company are= to spread the prinuples of total abstinence from alcoholic drinks to promote the mor818nd physical welfare of t17e community to pmmole the SGientific study of the properties of alcohol and the effects of its use upon the hum&n system, the social and moral cOnsequenS and the distribution of infomjation on the subject In pursuing Ihese objectives, the Charitable Company is commilled to promting educalion on Ihe subject of alcohol use and making information available to encourage a reduction in alcohol related harm to individuals. families and in society in general. The Ch8ritable Company pursues activities that aim lo contribute lo the improvement in the quality of life for the general public and lo this end the Directors have taken into consideration the Charity Commission's guidance on public benefit. including the guidance "Public Benefit.. running a Charity IPB21" The activities of the Charitable Company primarily foGUS on grant making in support of its charilablB aims lo promote the dissemination of information, education and the offering of advice on alcohol strategies to minimise inijividual and societal harm arising from alcohol consumption. The Charitable Company seeks lo make this information as widely availatAe as possible in order that indimduals and decision makers are able to make informed choices. Activlties The Charitable Company reviews its objectives and activities on an annual basis with reference lo an agreed strategic plan developed by the Directors. The activities undertaken by the Charitable Company are considered in relation to the benefr't the Charitable Company seeks to bring to the general public. The Charltable Company Seeks to Influen relevant bodies al a national. regional and international level idenlifying where the general public are affected by legislation or transnational health strateg1es. addition, it seeks to provide information on the ways lo reduce the harmful use of alcohol and lo offer encouragement to thos& who seek to abstain from the use of alcohol.
ALLIANCE HOUSE FOUNDAnoN DIRECTORS. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Icontd... Since 1938, the Charitable Company had owned and maintained a Westminster Office Building - Allian House, as a base for its own work and as an investment propety to generate income to finance its charitable activities. In December 2022, the AHF Directors began an evaluation process lo consider the viability of continued ownership of the Alliance House in the face of mounting logistical and economic challenges. During the financial year 2023124 Directors commissioned and received reports on the feasibility of continued own@rship and on receipt of those reports, Directors took the decision to proceed with a sale. Contracts were &xchanged in February 2024, and completion of the sale look plai2 in this financial year on 30 April 2024. Directors look the decision to invest those sale prOed8 to ensure th8 Charitable Company could continue to generate sufficient income to fi'nance future charitable activities. The activities of the Alliance House Foundation continue to be conducted through the projeds which it finances and supports. During 2024125 this was principally the Institute of Alcohol Studies. Operational activities included maintaining the Alliance House Foundation website. together with an account on the social media plattorm 'X" which remained active 2nd sought to promote and support an alcohol-free lifestyle. eci ects and Si ntA iviti t Makin Alliance House Foundation conlinu&s to pursue UK educational and charitsble activities primarily through its grant to the work of the Insts'tule of Alcohol Studies IIAS). In supporting the charitable activities of IAS, AHF follows its grant making policy. satisfied Ihat in doing so it is complying with the AHF legal objects with regard to education and disseminating information distributs'on on alcohol namely.. to promote the scientific sfvdy of the propert8 of alco1701 and the effects of its use upon the human system, the social arld moral Gonssquances and the distrAbutioAJ of inlormalion on the subject. The Institute of Alcohol Studies was founded as a project of AHF in 1983 and in 2006 it was consliluled as a separate charitable company. AHF makes a grant funding comrnitment to IAS in order for il to pursu8 its aforementioned objecliv8s. Tam erance Website Social M The Alliance House Foundation website www.alltan¢ehous on.o -uk continued lo be active. The website includes pages on all aspects of Temperance activity as an aid lo the promotion of an aScohol-free lifestyle. The number of visitors and SLsbscribers lo the website continued lo increase slowly during the year. The AHF account @AHFTemperan¢e remained acb"ve, again promoting lemperanc8 and total abstinence, by rÈgu18r tweets and engagement with other users inter8Sted in the subjgct. The numbers of fo51owers also showed a small increase during the year.
ALLIANCE HOUSE FOUNDATION DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Icoritd... Ac vements a ainst ob ectiv Th8 AHF Directors pursue a policy of continu211y reMewing its acts'vilies and how these benefit and make a difference to the public. The Directors receive regular and full reports on the work and activities of thè Institute of Alcohol Sludies and monitor these a¢kn'vilies. Diredors are satisfied that the achievements rn8tch the aims and objectives of AHF in relation lo education. The Directors are actively considering new projects and activities. 11 is a condition of the AHF grant making policy that information produced by those in receipt of grant funding is fre8ly available to the general public and widely disseminated. The Directors plan to raview the Charitable Company's grant making priorities during the forthcoming financial year. The activities described above are undertaken to seek to meel the Charit2ble Company's aims and objectives and it is committed to further its charitable purposes for the public benefit. The nature of these activities makes it difficult to assess the impact of particular activity or projects. Specific measurements are made by the IAS of on-line activity and AHF are satisfied that wide public engagement and use is made of IAS material. na Following the completion of the sale of the investment propety on 30 April 2024 the Charitable Company registered a realised loss of £2.4m, on the most recent SORP property valuation held in 2022. The balance of the sale proceeds, less a retention lo cover associated sale expenses and ongoing running costs, were invesled with the Charitable Company's two investment fvnd managers. 11 was a number of months before the dividend income stream realised regular funding. There was also an unrealised loss on AHF listed investments which was reflected in the financial statements for this financial year, registering an increase in net expenditure. Reserves P I" Following the sale of Allian House the AHF reserves policy was revised lo reflect the shift in source of the Charitable Company's income stream, now wholly dependent on investment retums. The established policy is that funds not committed or invested in tangible investtnents should be held as a reserve represenkn.ng not less than three months, worth of tolal annual resources expended. The Directors are of the opinion thal in the evsnt of a significant drop in investment income, the Charitable Company would be able lo continue the current level of activities. Curreritly the target for Reserve5 held is set at a minimum of £150,000. The Charitable Company will continue to review ils policy on an annual basis. The Charitable Company held one restricted fund during the year. This fund represenls a legacy from Mrs Ross Phillips for charitable activity in Scotland. The total in this fund at 31 March 2025 was £66,036. At 31 March 2025 Ihe level of free reserves stood at £200,687 not including fixed assets and listed inveslmenls. The Directors believe this represents an appropriate level of reseNes for the Charitable Company's net liquid assets.
ALLIANCE HOUSE FOUNDATION DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Icontd... Goin Conc As slated below, the Directors undertake an annual risk assessment. which gives carefijl consideration to factors that may impact upon the Charitable Company's ability lo move forward as 8 going concem, including business critical risks. The mosl recent assessment gave Directors confidence that any risks had been sufficiently miligaled. The Trustees have agreed that AHF will continue to honour all financial commitmenls made for yaar ended 31 Marth 2026 and in particular to continue the grant fvnding required lo sustain the work of the Institute of Alcohol Studies although savings by IAS had enabled the level of grant to be reduced. nce Sheet Events There Ère no significant posl balan sheet events lo report. ks and Uncertainties The Charitable Company has conducted a review of Ihe major risks to which the Chaiit2ble Company is exposed using guidance prcKJuced by the Charity Commission. This is an ongoing process of assessing the types of risk facing the Charilable Company and identifying the means of mitigating those risks. The Charitable Company maintains a risk register and inlemal control rssks are minimised by the application of agreed internal financial procedures for the Charitabl& Company. The risk regist8r was reviewed and updated during the year, and the Charitable Company will continue to follow the policy of undertakirig regular reviews and assessments of the risks on a p8riodic basis and when major change requires them to be conducted. Pre - property sale the principal risks that the Charitable Company was exposed lo had ntred on the perfomiance and state of the central London property market as Ihe Charilable Company ha(J relied on rental in(x)me for a signifiGant proportion of its income. Post property disposal and the subsequent investment of the net proceeds with the Charitable Company's investment fvnd managers the risk profile shifted and going forward the prinap81 risk would be the perform8nce of the Charitable Company's invèstment portFolio and the dividend income realised. Th8 investment portfdio returns are designed to finance charitable activiti&s whilst protecting the capital value of the funds. With Ihat shift, the principal risk would be directly relaled to p&rfomiance of world financial markets. The Charitable Company's reserve policy had sought lo provide for such an eventuality, and should such events have taken place the ChaTltable Company could continue lo fulfil its role. The Directors continued lo be aware that there are repulalional risks in their area of aclivily. The Directors operate an Intemal Audit Committee with responsibility to maintain 8 continual review of the Charitable Company's financial affairs and prodr9$. ncl al Fundln Sour For this financial year the principal source of funding for the Charitable Company was a combin2tton of property income which Is treated as investment income and a majorlly from dividends generated from holdings in Charity investment funds. Operats'onal expenditure during the year was planned and although income was insufficient to cover these commitments, the Charitable Company drew on reserv during Ihe year.
ALLIANCE HOUSE FOUNDATION DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Iconld... Pensi n Liabili From 1 April 2010 the Charitable Company joined a defined conlribulion scheme, the Flexible Retirement Plall, administered by The Pensions Trust. Thore is also a discretionary pension arrangement with a number of retired employees. Payments to these discretionary pen5K)ners during the year lotalled £15,477. vestm8nt Polic Allian House Foundation raises funds through ils investment activities and up to the 31 March 2025 held three types of investment. First. the Charitable Company held the property at Alliance House. London SW1 for the month of April 2024 which had been treated as a long-term investment asset. The last propety revaluation al 31 March 2022 had registered a valuation of £15,000,000. The sale of the PToperty was completed one month into the financial year registering a £2,400.000 realised Ioss. Following the sale of the property, th8 sale proceeds (less a retentlon for operational costs in the initial post sale periodl wer8 inveslecl in long term investment funds.. the CCLA adminislered. COIF Charities Ethical Investment Fund. which invests in a diverse portfolio and aims to provide a long-temi lolal return comprlsing capital growth and income. The gros5 annualised total rotum performance over the yèar was- 2.1 % 12024: 13.1 %). The Charitable Company had previously held units in the Epworth Mulli-Assel Fund for Charities. In May 2024 these were realised and together wlh a proportion of the sale proceeds were invested in a bespoke portfolio managed by Epworth Investment Management Limited. A comparison of the gross 8nnualised lolal retum performance over the year for this fund is therefore not possible. These investments are held with the aim of producing a high average real retum over a number of years whilst protecting the value of the capital. Lasfjy the Charilable Company holds a number of short-lerm cash investments of working capital which provide easy access to funds not immediately required th an aim of protecting against the effects of inflation. The Charitable Company has adopted an ethical investment policy to ensure that its investments do not conflict with its aims and thefore will not knowingly invest in companies or funds that derive revenues from beverage alcohol. ructure Governance and ana me Governance AHF is a charitable Company limited by guarantee, govemed by a Memorandum of Association, which sels out the objects and powers of the charitable company as revised in 2022. The Articles of Association allow for 2 minimum of Ihree Directors with no upper limit. There are currently four Directors. The Directors plan to meet three limes per year. The Directors of the company are also Trustees for the purpose of Charity law. New members of the Board are appointed by the Charitablè Company and are confirmed at the next 8nnual general meeting. They are elected for a period of three years after which Ihey relire by rotation and rn2y seek rtreleclion.
ALLIANCE HOUSE FOUNDATION DIRECTORS. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Icontd... itment of Board New Directors have hislorically been appointed from contacts made Ihrough th8 Charitable Company's activities or by personal CoMmendation made by eXStIng Directors. Potential Directors with relevant Charitable Company professional skills and an interest in alcohol issues have traditionally been targeted and selected for their knowledge and interest in the work of the Charitable Cornpany. The board of Directors remains keen to strengthen the diversity of the Trustee body and continues to address this aim through the Nominations Committee which seeks to identify and recnjit new members. The Charitable Company periodically conducts a trustees S11 audil with an aim to ensure there is an appropriate mix of skills amongst the Board members. Th8 findings of the audit are tsken into account in fijture Director retirernenl and recruitment. During the year Ihe Director5 continued to make efforts lo recruit at least two new additional Trustees. Director Induction an All Directors are conversant with the daY-tlaY practical work of the Charitable Company and Directors are kept up to date with developments in the charitable sector. Upon appointment all Directors attend an induction meeting where their obligations under charity 8nd Company law are explained. Directors are supplied with Ihe Charity Comrnission 'Welcome Pack", the guide "The Essential Trustee" and details of the Charity Commission guidance on public benefit. Directors also re1ve a copy of the Memorandum and Articles of Association and the latest copy of the annual report and financial statements. Trustee5 are invited to attend a periodic strategic planning event. the most recent of which took place in London in December 2022. The next event is planned for November 2025. AII Directors give their time voluntarily and receive no benefits from the Charitable Company. Any expenses reclaimed from the Charitable Company are sel out in note 12 to the financial slatements. The Directors have continued to hold a Charitable CoFTTPany Trustee Indemnity Insurance policy during the year. tructura The Finance Director is accountable lo the Directors for the efficient day-to-day running of Atliance House Foundation and is responsible for the implementation of policies and strategies that have been agreed by the Directors. When urgent decisions are necessary, these are rn8de by the Finance Director in consultation with the Chair and other senior Officers. The next meeting of the Board is then asked to ratify any decisions that have been taken. Management accounts are received at the Directors, meetings, and the Officers are regularty updated with financtal information beeen meetings. The Charitable Company operates Ihree scoMMItte8s. namely a Nominations Committee, Remuneration Committee and an Internal Audit Committee. Alliance House Foundation has an agreed range of organisalional policies and procedures which reflect its size and the range of activities il pursues. The policiés may be consulted at the AHF administrative office. Three members the Board undertake the duties and responsibilities of a remuneration committee and are not themselves remunerated.
ALLIANCE HOUSE FOUNDATION DIRECTORS. REPORT FOR THE YEAR ENDED 31 MARCH 2025 Icontd... The Board has adopled a pay scale and benchmarks its pay 2nd Performan slruclure against the nalionally agreed ecademic single pay spine. Within this fr4mewoTk AHF mirrors London inslilulions 'professional services, scales, such as Ih05e adopted by Imperial College London. This currently comprises a scale of 52 spina points encompassed within 6 levels. Employees may be considered for progSS to the next salary poinl in their level by reiving a sa115factory annu81 apprais81. Every Imelve months the Direclors will determine whether the salary points should be adjusted to reflect changes in the cost of living with referencè to thè published CPI rate of inflalion for the month of January. The Remuneration Policy establishes a series of criteria that should be used in reaching a decision. With effect from 1 April 2024, a cosl-of-living increase of 4 /0 W8s awarded. Employees also reiVed pension contributions equivalent to 14.5Yo of gross salary with employees contributing 7.5°A. There wer8 no staff sickness or absence issues to retiort. an The Directors will continue to promote the aims and objects of Allian House Foundalion through its grant ndIng of the Institute of Alcohol Studies and developing the Charitable Company's social media strategy to promot& it5 aims and objectives. The Charitable Company plan to review its grant making policy during IhB year.
ALLIANCE HOUSE FOUNDATION DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Iconld... Reference a Adminlstratlo Alli8nce House Foundation is a charitable company, number 372490, limited by guarantee, incorporated on 23 February 1942 and registered with the Charity Commission for England and Wales under number 208554 in 1962. Director Who served during the period 1 April 2024 to date= Reverend Dr Stephen F. Skuce John G. Ellis Michael D. Carr Dr Jonathan P. Curtis {resigned 31 July 20251 Rev@rend Professor Stephen C. Orchard (resigned 15 NoveTnber 20241 Reverend Dr Janet E. Tollington IAC, RC & NC IAC = Intemal Audit Committee. RC - Remuneration Committee & NC - Nominab"ons Committee Chair, NC Vice Chair. IAC & RC IAC, RC & NC. Re istered Canopi Building, 82 Tanner Street, London, SE1 3GN or Mana ement Paul R. Whitak@r- Finan Director Aud Kingston Burrowes Audil Ltd. 308 Ew811 Road, Surbiton, Surrey, KT6 7AL National Westminster Bank PLC, 57 Victoria Street, London, SW1H gNH nvestmen na ers CCLA Investment Management, One Angel Lane, London EC4R 3AB Epworth Investment Management Ltd. Methodist Church House. 25 Tavistock Place, London. WC1H gSF ollclto Farrer LLP, 66 Lincoln's Inn Fields, London, WC2R OQS Gordons LLP, Edgeborough House, Upper Edgeborough Road. Guildford. Surrey, GU12BJ Pro Fisher Gemian LLP. 21 Ironmonger Lane, London EC2V 8EY Knight Frank, 55 Baker Street. London, W1 U 8AN rd of Dlrecto The following Dlrectors retire by rolation and offer th8mselv9S tor re-election at the Annual General Meeting.. Mr John G. Ellis Reverend Dr Janet E. TollingtoN
ALLIANCE HOUSE FOUNDATION DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2025 Iconld... ors, R•s onsibllittes The Directors (who are also Trustees of Allian House Foundation for the purposes of Charity Lawl are responsible for preparing the Directors, Annual Report and financial slalements in accordance with applicable law and United Kingdom Accounting stan(Jards (United Kingdom Generally ArLepted Accounting Pr8Cticel. Company law requires the Directors lo prepare Financial Statements for each financial year. Under company law the trustees musl not approve the financial st8temenls unless they are satisfied that they give a Irue and fair view of the affairs of the charitable company and of the incoming resource5 application of reSoUrs, including the income and exp8ndilur8 of the charitable company for that period. In preparing those Financial Statements, the Directors are required lo-. Select suitable actx)unting policies and apply them conslstenly Observe the methods and principles in the Charities SORP 2019 (FRS 102) Make judgements and estimates that are reasonable and prudent Prepare the Financial Statements on the going conrn basis unless it is inappropriate lo presume that the charitsble Company will continue in operation. The Directors are responsible for keeping adequate accounting records. which disclose with reasonable accuracy al any time the financial position of the Chari12ble Company, and to enable them lo ensure Ihal the Financial Slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Ch2rilable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregulariti8S. In so far as the Directors are awara.. There is no relevant audit information of which the charitable companys auditor is unaware.. and The Directors have taken all step5 that they ought lo have lo make themselves aware of any relevanl audit information and to estsblish that the auditor is aware of that information. Auditor A reso5ulion lo re-appoint Kingston Bijrrowes Ltd as Auditor of the Company will be pul lo the Annual General Meeting. Exemption Statement The Directors, Report has been prepared in accordance with the special provisions of Part 15 of the Companie5 Act 2006 relating to small companies. Approved and signed on behalf of the Board.. Reverend Dr S Chair phen F. Skuce 6 Nov&mb8r 2025
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF: ALLIANCE HOUSE FOUNDATION Opinion We have audited the ff nancial statements of Alliance House Foundation (the 'charitable company'l for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Slat&m6nt, and notes lo the financial slatemenls, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Uniled Kingdom Accounting Standards. including Financial Reporting Standard 102 The Finanaal Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounts'ng Practice). In our opinion the financial slateTnents= give a true and fair view of the slate of the charitable compariy's affairs as at 31 March 2025 and of ils incoming resOuS and application of resources, including ils income and expenditure, for the year then ended. have been properly pr8pared in accordance with United Kingdom Generally Accepted Accounting Practice: and have L)een PPared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Slandards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilib'es under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable corllpany in accordance with the ethic81 requirements that are relevant to our audit of the financial slalements in the UK. including the FRC'S Ethical Standard, and w@ have fulfilled our other elhitrdl responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide 2 basis for our opinion. C0ClusIOnS relating to going concèrn In auditing the financial slalements, we have concluded that the Iruslees, use of the going concern basis of accounting In the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any materi81 uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilitr'es and the responsibilities of the trustees wilh respect to going wncem are described in relevant sections of this report. Other Information The other infomiation comprises the information included in the Directors, r&port, other than the financial statements and our auditor's report Ihereon. The Directors are responsible for the other information. OUT opinion on the financial statements does not cover the other information and, except to the extent othetwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our 8udil of the financial statements. our responsibility is to read the other infomiation and, in doing so, consider whether the other information 15 materially inconsistent with the financial slalements, or our knowledge obtained in the course audit or otherwise appears to be materialty mi55tated. If we identify such material inconsistencies or apparenl rnaterial misstatements. we are required lo determine whether this gives rise to a matèri81 misslalement in the financial slalements themselvBs. If, based on the work we have performed. we conclude that there is a material misstatement of this other informab"on, we are required lo report Ihal fact. 10
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF: ALLIANCE HOUSE FOUNDATION Iconld... We have nothing to report in this regard. Oplnlons on other matters prescrlbed by the Companies Act 2006 In our opinion, based on the work tjndertaken in Ihe course of the audit.. the information given in the trustees, report, which includes the Directors, report prepared for th8 purposes of company law. for the finanThal year for which the financial stataments are prepared is consistent with the financial statements,. and the Directors, report included within the trustees, retjort has been pr&pargd in accordance with applicable legal requirements. Matters on vthich we are required to report by exception In the light of our knowledge and understanding of the charitable cornpany and ils environment obtained in the course of the audit, we have not identified material misstatements in lh6 Dir8ctors' raport included within the trLJStee5' report. We have nothing to report in respect of the following matters in relation to which Ihe Companies Act 2006 requires us to report to you if, in our opinion.. adequale accounting records have not been kept, or returns adequate for our audit have not been received from branches not Msiled by us,. or the financial statements are not in agreement with the acwunting records and relurns., or certain disclosures of Directors, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit,. or the trustees were not enlilled to prepare the financial statements in accordance with the small companie5, g[rne and take advanlag8 of the small companies, exemptions in preparing the Directors. report and from the requirem8nl to prepare a strdlegic report. Responsibilities of Dlr•ctoYs As explained more fully in the Directors, responsibilities statement sel out on page 9. the trustees (who are also the Directors of the charitable company for the purposes of company1awl are responsible for the preparalion of the financial slalements and for being satisfiecl that Ihay giv8 a tru8 and fair view, and for such inlemal control as the Directors delemine is necessary lo enable the preparation of financial slalemenÈs that are free from material misstatement. whelher due to fraud or error. In preparing the financial slatemenls, the Directors are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related lo going conrn and using the going concern basis of accounb.ng unless the Directors either intend to liquidate th8 charitable company or to cease operalions, or have no realistic altemative bul to do so. Audltorfs responssbilities ft>r the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statemenls as a whole are free frorll material misstatement, whether due to fraud or error. and lo issue an auditor's report that includes our opinion. Reasonabl8 assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance wilh ISAS IUKI wll always detect a malerial misstatement when it exists.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF.. ALLIANCE HOUSE FOUNDATION Icontd... Misstatements CBn arise from fraL*d or error and are considered material if, individually or in the 8ggregate, they could reasonably be expected to influence the ewnomiG decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance wlh laws and regulations. We design procedures in line with our responsibilities, ou1ed above. lo delecl material misstalernents In respect of irregularitie5. including fr8ud. The specific prOdreS for this engagement and the ext9nt to which our procedures are capable of detecting irregularities, including fraud is detailed below= Enquiry of management and those charged with govemance about actual and potenliaS litigation or claims and the identification of non-compliance with laws 2nd regulalions. Reviewing minutes of meetings of those charged with governance. Reviewing financial slalement disclosures and testing to supporting doGumentalion to assess compliance with applic3ble18ws and regulalions. Auditing the risk of management override of controls, induding tesfy'ng journal entries and other adjustments for 2ppropriateness,' assessing whether the judgements ma¢Je in making accounting estimates are indicative of a potential bias. and evaluating the business rationale of any significanl transactions that are unusual or outside the normal course of business. Perforrnillg analytical procedures to identify any unusual OT unexpected relationships that may indicate risks of material misslatemenl due to fraud. Professional scepticism in course of the audil and wth audit sarnpling in material audti areas. Because of the inherent limitations of an 8udit, IF)ere is a risk that we will not detect all irregularities. including those leading to a malerial misstatement the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is Temoved from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instanS of non+compli8nce. The risk is also greater r8garding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, Gollusion. omission, or misrepresentation. A further description of our responsibilib'e5 tr the audit of the finanaal statements is lorated on the Financial Reporting Council's website at.. www.frG.org.uklauditorsresponsibililies. This description forms part of our auditorfs report. Use of our report This report is made solely lo the charitae company's members, as a body. in accordance wth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's memb8rs those matters we ?r8 required lo state to them in an auditor's report and for no other purpose. To the fullest extent pemilled by law. we do not accept or assume responsibility to anyone other than the charitable Company and the charitable company's members as a body, for our audit Work, for this report, or for the opinions we have formed. Kevin Fisher BA FCA CTA (Senior Statutory Auditor) For and on behalf of Kingston BuoweS Audit Ltd Statutory Auditors 308 Ewell Road Surbiton Surrey KT6 7AL 11 November 2025 12
ALLIANCE HOUSE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Funds Restricted Total Funds Funds 2025 Total Funds 2024 Notes Income Investments Other incom8 389,703 5,014 389,703 5,014 759,934 70 Total 394,717 394,717 760,004 Expenditure Raising funds Charitable activities 235,022 424,061 235,022 424,823 531,498 596,352 762 Total 659,083 762 659,845 1,127,850 Net incomellexpenditure) before investment gainsl(losses) Nal gainslllosse81 on investment assets 1264,3661 17621 1265.1281 1367,8461 15 12.923,442) 12,923,442) 192,441 Net Incomellexpenditure) Transfers between funds 13.187.808) (762) {3.188,5701 1175.4051 18 Net movement In funds 13,187,808) 1762) {3,188,5701 1175.4051 Reconciliation of funds Total funds brought forward 17.474,538 66,798 17.541.336 17,716,741 Total funds Caled fOard 18 £14,286.730 £66,036 £14.352.766 £17.541,336 A11 of the above results are derived from continuing activities. AIS gains and losses recognised during the year are included above. The notes on pages 16 to 26 form port of these Financial Slatemenls. 13
ALLIANCE HOUSE FOUNDATION BALANCE SHEET AS AT 31 MARCH 2025 Notes 2025 2024 FIXED ASSETS Tangible assets Investmertts 14 15 1,550 14,082,943 3,098 17,493,854 14,084,493 17.496,952 CURRENT ASSETS DebtOf5 Cash at bank and in hand 16 34,229 255,898 70.915 269,846 290.127 340.761 LIABILITIES Creditors: Amounts falling due within one year 17 21,854 296.377 NET CURRENT ASSET8 268.273 44.384 NET ASSETS 19 £14.352.766 £17.541,336 FUNDS Restricted funds Unrestricted funds General fund Designated funds 18 66,036 66,798 18 18 14,285,180 1,550 2,021,440 15,453,098 £14,352.766 £17.541,336 The Financial Stalements have been prepared in accordance with th8 special provisions of Part 15 of the Cornpanies Act 2006 relaling lo small companies. Approved by the Board of Dire&ors on 6 November 2025 Reverend Dr Chair Signed on behalf of the Board tephen F. Skuce The not8s on pages 16 to 26 fomi part of these Financial Statements. 14
ALLIANCE HOUSE FOUNDATION CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities Net incomellexpenditure) for the reporting period las per statement of financial 2ctivib.esl Adjuslmenls for.. Dividends, interest and, rent and management fee receivable Nel Igainslllosses on investment assets Depreciation diarges Ilncreasel I decrease in debtors Increase I Idecreasel in creditors 13,188,570) 1175,4051 1389.7031 2.923,442 2.146 36.686 1274,5231 1759,9341 1192,4411 13.040 33.169 127,421 15 14 Net cash provided by/ {used in) operating aGtivities 1890.5221 1954,1 $01 Cash 110v from Investlng actlvities Dividends, interest and, rent and management fee received Purchase of investment assels Sale of investment assets Sale of fixed assets Purchase of tsngible fixed assets 389,703 112.112,5311 12,600,000 434 11,0321 759,934 15 15 75,000 2,873 13.2241 14 Net cash provided byl (used in) invo$tiTng activities 876,574 834,583 Change in cash and cash equivalents In the reporting perfod (13,9481 (119.5671 Cash and cash equiv21ents at the beginning of the reporting period 269,846 389.413 Cash and cash equivalents at the end of the reporting period £255,898 £269.846 Analysls of cash and cash equlvalents 2025 2024 Cash and cash equivalerrts £255,898 £269.846 The notes on pages 16 10 26 form part of these Financial Slatemenls. 15
ALLIANCE HOUSE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1. ACCOUNTING POLICIES Basis of accounting and assessment of Golng ConGgrn Allian House Foundation is a fftgistered Charity Ino. 208554) and private company {no. 003724901, limited by gLJarantee, incorporated in Great Britain. and regist&red in England and Wales. In the event of the Charitable Company being wound up. the liability in respect of the guarantee is limited lo £10 per member. The registered office is given in the Reference and Administrative Details in the Directors, Report. The Charitabl8 Company constitules a public benefrt entity as defin&d by FRS 102. The finanaal statements have been prepared in accordAnce with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial R8POrting Sl£ndard applicable in the United Kingdom and Republic of Ireland (FRS 1021, the Charities Act 2011, the Companies Act 2006 and UK Generally ApIed Accounting Practice. The financial statoments are prepared on a going concgrn basis under Ihe historical wst conventton, modified lo include certain items al fair value. The significant accounting policies applied in the preparation of these financial slatemgnls are sel out below. These policies have been consistently applied lo all years presented unless oknerwise stated. Income recognition Items of incorne are recognis8d in the financial statements when all of the following Criteria ara mel-. the Charitable Company has entitlement lo the funds. any performance conditions have been met or are fully within the control of the Charitable Company. there is sufficient certainty that receipt of the income is considered probable", and the amount can be measured reliably. For legacies, ents'llement is the eadier of th6 Charitable Company being notified of an impending distribution or the legacy being received Irf no prior notification was received). Investment income is earned through holding assèts for investment purposes such as lisled investments and property. 11 includes dividends, bank interest and rent. Income is recognised as Charitable Company's right lo receive payment is established which in case of rent is based on the lerms of the l@ase. Expenditure recognition Expenditure is recognised once there is a legal or constructive obligation to make payment to a third P8rty, il is probable th2t settlement will be required, 2nd the amount cars be measured reliably. Expenditur8 is cI2ssrfied under Ihe following activity headings.. Costs of raising funds comprise those c4)sts associated with managing the Charitable Company's investment assets. Eypenditure on charitable activiti8s which comprises mainly of the costs associated wÉth supporting the work of the Institute of Alcohol Studies and other alcohol research bodies. Expenditure includes thos@ costs of a direct nature which can be allocated lo a specific activily. It also includes indirect costs, including governance cx)sts that do not relate to a specrfic acb'vily bul are necessary to support Ihose aclivilies. Support costs are apportioned lo eadi activity on the basis of staff lime. 16
ALLIANCE HOUSE FOUNDATION NOTES TO THE FINANcL STATEMENTS FOR THE YEAR ENDED 31 MARCH 225 Icontd... ACCOUNTING POLICIES (Contd) Fund accounting Unrestricted general ftjnds are freely available for use in furtherance of the objects of the Charitable Company and which have not been designated for specfflc purposes. Designated funds are unrestricted funds set aside by the Directors for particular purposes. Restricted funds are funds which can only be used in accordan with specific restrictions imposed by the donor, or which have been raised for a particular purpose. Tangible fixed assets and depreciation Tangible ass8ts costing more than £500 are capitalised. Depreciation is provided so as to write off the cost of each asset over ils estimated useful lrfe at the following annual rales- Fixture and fittings Computer equipment 20QA straight line 33% straight line Investment property Inv8slmenl property was initially recognised at cost and subsequently restated at fair value based on market value at the end of each accounting period. Revaluation gains and losses were recognised in the Statement of Financial Aclivilies. Given the cost and lime involved obtaining a full formal valuation, this process was done approximately every five years. Valuations in the interim were based on the Directors, opinion. The Charitable Company occupied several cffices for ils own use at its investment propety, Alliance House. The Directors were of the view thal Ihis repr&sented an insignificant portion of Ihe building and the whole property was therefore accounted for as an investment propety. Investments Listed inveslments are inits'ally recognised al cost and subsequently restated at market value based on published stock exchange valuakn.ons al the end of each accounting period. Revaluation gains and losses are recognised in the Statement of Financial Activities. Debtors and creditors Debtors and creditors with no stated interest rate and receivable or payable within one year are reGorded at transaction price. Any losses arising froln impairment are recognised in expenditure. L8asès Operating lease rentals are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease. Pensions The Charitable Company op8rales a defined contribulion pension scheme. Contributions payable under the scheme a charged to th& Ststement of Finanal Activities in the year to which they relate. 17
ALLIANCE HOUSE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Icontd... INVESTMENT INCOME Unrestricted Funds Restricted Funds Tota5 2025 Tolal 2024 Rent receivable Bank interest and dividends 60,900 328,803 60,900 328,803 679,039 80,895 £389.703 £Nil £389.703 £759,934 All of the £759,934 recognis&d in 2024 related to unrestricted funds. OTHER INCOME Unrestricted Funds Restrcted Funds Total 2025 Total 2024 2024 Immaterial adjustment Sundry income 3,380 1,634 £Nil £Nil 3,380 1,634 70 £5,014 £Nil £5,014 £70 All of the £70 r8cognised in 2024 related to unrestricted funds. 4. COST OF RAISING FUNDS Direcl cosls Support Total 2025 Total 2024 Investrr*nt management costs £216,538 £18,484 £235,022 £531,498 £150,163 of these costs related to the sale of the investm8nt propety. All of Ihp £531,498 expenditure re(¥)gnised in 2024 was charged to unrestricted funds. EXPENDITURE ON CHAR ABLE ACTIVITIES Grant funding Direct costs Support cosls Total 2025 Tolal 2024 Research and dissemination £353.841 £46,695 £23,525 £424,061 £596,352 All of the £596.352 expendiiure recognised in 2024, was charged to unrestricted funds. 18
ALLIANCE HOUSE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Icontd... 6. ANALYSIS OF GRANTS PAYABLE 2025 2024 Grants to Institutlons Institute of Alcohol Studies £353.841 £468,101 7. ANALYSIS OF DIRECT COSTS Raising funds Inole 41 Charitable activities (note 51 Total 2025 Total 2024 Staff costs (note 111 Building and service charge Legal and professional fees Other direct costs 36,419 34,426 145,693 46.351 82,770 34,426 145,693 118,875 174,306 256,533 140 344 £216,538 £46,695 £263.233 £549,854 ANALYSIS OF SUPPORT COSTS Raising funds lllote 4) Charitable activities (note 5} Total 2025 Total 2024 Staff costs (note 11) Office expenses Premises expenses Governance costs (note gi DepreCiat)n 9.105 6,520 186 1,729 944 11,588 8,299 236 2,200 1,202 20,693 14,819 422 3,929 2,146 78,337 12,561 5,957 13,040 £18,484 £23,525 £42,009 £109,895 9. GOVERNANCE COSTS 2025 2024 Audit fe6 Directors. m@Etings {nole 121 Insuranc8 2,924 844 161 3,960 1,685 312 £3,929 £5,957 19
ALLIANCE HOUSE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Icontd... 10. NET INCOME 2025 2024 This is slated after charging.. Auditors. remuneration - audit ServIS Depreciation Foreign exchange lossllgain} Operating leas2 rentals £2,924 £2,146 £209 £Nil £3,960 £13,040 £196 £Nil 11. STAFF COSTS AND NUklBERS 2025 2024 Salaries Social security o)sts Pensions lo fomer employees (see note 221 Pension costs Other staff costs 86.955 5,641 15,477 16,505 954 79,049 1,136 16,044 15,611 7,035 £125,532 £118,875 During 2025, one employee received employee benefits (excluding employerfs national insurance and pension costs) falling in the £80.000 - £90,000 band. In 2024, one employee fell wlhin the £70,000- £80,000 band. Out of the staff costs total of £125,532, a sum of £22,069 has been re-charged to the Institute of Mcohol Studies during 2024-25, repsentIng administration support during 2024-25. Therefor8, the net charg8 of £103,463 is reflected in AHF direct rA>5ts £82,770 Isee note 7) and AHF support costs £20.693 (soe note 81. The average number of employe&s based on fu114ime equivalents was 1 12024: 3). The averag8 monthly number of employees was 112024.. 31. Total employee benefits reiVed by key management personnel amounted to £110,345 12024= £88,549). Employe8 bBnefits include salary, employer's national insurance, &mployer's pension, and benefits in kind. A sum of £22.069 has been frcharged from this total to the Institute of Alcohol Studies during 2024-25. 12. DIRECTORS, REMUNERATION AND EXPENSES The Directors received no remuneration during either year. Expenses of £844 (2024.. £1,685) were reimbursed tolpaid on behalf of the 6 Directors {2024'. 61. 13. TAXATION The Company has charitable status and is therefore exempl from Corporation Tax on its charitable activitios. 20
ALLIANCE HOUSE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Icontd... 14. TANGIBLE FIXED ASSETS Fixlures and fittings Computer equipment Total Cosvvalualion.. At 1 Aplll 2024 Additions in the year Disposals 4,982 9,378 1,032 14.360 1,032 13,4261 13,426} At 31 March 2025 1,556 10.410 11,966 Depreciation.. At l April 2024 Charge for year Eliminated on disposal 4,470 78 12,992) 6.792 2.068 11,262 2,146 12,9921 At 31 March 2025 1.556 8.860 10,416 Nel Book Value.. At 31 March 2025 £NIL £1,550 £1,550 At 31 March 2024 £512 £2.586 £3,098 15. FIXED ASSET INVESTMENTS Investment Propety Lislad investments Total Market value al 1 April 2024 Disposals in year Acquisitions in year Net realis8d gainjlloss) on sale of propety Net unrealised gainlllossl on revaluation 15.000,000 (12,600,000) 2,493,854 17,493,854 (12,600,000) 12,112,531 12,400,000) 1523,442) 12,112,531 12,400,000) 1523,4421 Market value at 31 March 2025 £NIL £14,082.943 £14.082.943 Historic cost at 31 March 2025 £Nil £13,908,611 £13.908,611 The investment Propety disposed in the financial year was formally valued on 31 March 2022 by Mr Tom Norfolk MEng PGDip MRICS Registered Valuer of Matthews & Goodman. 2025 2024 Analysis of investment gainsl(losses) Unrealised gainslllossesl on rev21ualion Reali5ed gains]Ilossesl on disposal (523,442) {2,4QO.0CJ) 192,441 £{2.923.4421 £192,441 21
ALLIANCE HOUSE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Icontd... 16. DEBTORS 2025 2024 Trade debtors Prepayments Accrued income Amounts owed from related undertakings Other debtors 699 6,563 1,340 40,996 21,317 5,981 17,742 10.506 £34,229 £70.915 17. CREDITORS: Amounts falllng due within one year 2025 2024 Trade creditors Deferred income Accrued expenses Amounts owed to related undertakings Other creditors Taxation and social security 8.530 134,923 126,752 30.687 5,270 3,680 78 4,296 4,015 £21,854 £296,377 Analysis of deferred income Ba12ncg brought forward Additions In the year Releas8d To InMe/sale of property Balance carried foTward Rents received in advance £126.752 £1126,7521 £Nil Rents invoiced and recaved in advanc8 for the following accounting period are recognised as deferred income.
ALLIANCE HOUSE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Icontd... 18. MOVEPAENT IN FUNDS Balance 1 April 2024 Balanca 31 March 2025 Gainsl Ilossesl Income Expenditure Transfers 2024 Unreslricled funds General funds 2,021,440 394,717 1656,937) 13,049,402 1523,4421 14,285,180 Deslgnatad funds Future refurbishment Property and other fixed assets Revaluation reseThe 450.000 (450,0001 2,066,314 12,936,784 (2,146) 12,062.618) {10,536,7841 12.400.000) 1,550 15,453,098 12,146) (13,049,402) 12.400,000) 1,550 Restrictad funds Mrs Janel (Jessie) Ro&s Phillips, Trust 66,798 17621 66,036 Total funds £17,541,336 £394.717 £1659,845) £Nil £{2.923.442} £14,352.766 Pun)ose of funds Restrict Mrs. Janet (Jessie} Ross Phillips. Trust is a legacy to be used lo fund the Charitable Company's activities in Scotland. General Fund The Genoral Fund consists of investment funds of £14,285,180, held to generate income to fund the charitsble activities of the company. and £202,237 of liquid net assets, representing Charitsble Company's reserves. Desi ed Fund The Designated Fund represents fixed assets held by the Charilable Company. 23
ALLIANCE HOUSE FOUNDATION (Limited by Guardnleel NOTES TO TrIE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2025 Icontd... 18. MOVEMENT IN FUNDSlcont'd Comparative information for the previous financial year Is as follows: Balance 1 April 2023 B81ance 31 March 2024 Gainsl Ilossgs) Income Expenditure Transfers 2024 Unrestricted funds General funds 2.184,156 760,004 {1,114.8091 1352) 192.441 2.021,440 Designated funds Future refijrbishment Propety and other fixed assets Revaluation rese 450,000 450,000 2.079,003 12,936,784 (13,0411 352 2.066.314 12,936,784 15,465,787 113,041) 352 15,453.098 Restricted funds Mrs Janel (Jessie) Ross Phillips, Trust 66.798 66,798 Total funds £17,716.741 £760.004 £11.127.8501 £Nil £192,441 £17,541.336 24
ALLIANCE HOUSE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Icolltd... 19. ANALYSIS OF NET ASSETS BEfwEEN FUNDS Tangible fixed a5S8ts Fixed asset investments Other nel assetsl Total 2025 2025 Unreslricl8d g&n&ral funds Unreslricl@d designated funds Restricted funds 14.082.943 202,237 14,285.180 1,550 66.036 1,550 66.036 As of 31 March 2025 £1,550 £14,082,943 £268.273 £14,352,766 Comparalive information for the pr8vious financial year is as follows Tangible fixod ass8ts Fixed asset Investments Other nel asselsl Iliabilitiesl Total 2024 2024 Unrestricted general funds Unrestricted designated funds Restricled funds 2,493,854 15,000,000 1472,4141 450.000 66.798 2,021,440 15,453,098 66,798 3,098 As of31 March 2024 £3,098 £17,493,854 £44,384 £17.541,336 20. RELATED PARTY TRANSACTIONS Details of related party transactions during the year are as follows- Name of related Paty Nature of relationship Transaction details Arnount Balance 2025 The Inslitute of Al(x)hol Studies Trustees in common Grant funding 353,841 13.680) The Institute of Alcx)hol Siudi8S Trustees common Rent receivabl8 5.292 2024 The Institute of cohol Studies Trustees in common Grant fijnding 468.102 40,996 The Institute of cohol Studies Trustees in common Rent receivable 63,500 The Institute of Alcohol Studies started operating on 1 April 2006 and Alliance House Foundation had initially agreed to fund the Chantable Company for 3 years. Funding is now reviewed on an annual basis. 25
ALLIANCE HOUSE FOUNDATION (Limiled by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Iconld... 21. OPERATING LEASE COMMITMENTS The total future minimum lease payments falling due under r)on-canc8llable operaling lease agreements are as follows.. 2025 2024 Vvithin one year Between one and five years More Ih8n five years 434 5,206 £434 £5.206 22. CONTINGENT LIABILITIES Pensions to former employees The Charttable Company has CL)mmitted to make annuily payments lo fomier members of staff. These payments are reported as "Pensions to former employees" in the accounts (see note 111. The Directors have not been able to obtain a reliable estimate of the Charitable Company's liability In respect of these annuities and therefore no provision has been made in the accounts. The total amount of grant funding alloated to Institute of Alcohol Studies bul not recognised as an expense is £415,000. This fund relates to nexl financial year. 26