2020-12-31-accounts

THE DRINKS TRUST EST. 1114 SiIPPOATING DIIINKS INDUSTRY PEOPLE THTr. DRINKS TRUST IFornierl> THE W'INTr. AND %PIRI'I' TR.11)Tr'S' BE%LI'OI.Tr:NT SOCITr.TI") (CompaTr)' Ilmlled by %u*raTr1￿l RLPORT AND blNA%CIAL STATTr-MLYTS FOR THE YEAR £WDF.D 31ST DECEIIBER 21120 Company Regis￿ed Number. 2783340 Chariry Number.. 1023376

THTr. DRI%K.% TRI.'4T IftsTmerlv'THE W'IliE AND %PIRITTRADES' BE￿E￿,￿LENT S()CIETY'I {Comp¥nTr limilL.d bTr gu*r#ntLYI RLPORT AND TrIYANCIAL STATLN1EI%TS YLAR LNDLD 315T DECE%IBLR 202• CO%TEYTS P¥gt Chair's S￿len￿nI Corporate Parlners List of Individuul tk)nors Tru51ees' Ryrt 9- 17 Auditor5. Rewrt Statement of Fina￿1￿] Activities 21 Churity BDlance She¢¢ 22 C'ash Flow Stsicmcnt 23 Not¢% to Fina￿141 s￿leMen1$ 24-35

THF. DRINl¥.S TRI,'ST {form¢rfv 'THF. M"I)F. AND SPIRIT TRADF.S' BESF.I.'OI.ENT SOCIF.TY') ICompnv limited b!" Rurntee) CHèllR'S STATF.￿1F.￿T YEAR EYDED 31•T DECETrIBER 2020 Ft)Ilowing a comprchen%ivc b￿51T￿ rcvicw with key %tak¢hoidcrs. 'Th¢ Drink& Trust. w&% announccd Thc ￿Lnc￿.01Cnl'5 ncw namc on l?th March ?020. with a Vi%1¢￿ th¢ charity to fil with th¢ curr¢nl nc¢ds and Luliurc ()I'thc m[￿ern drinks und ho%pithlkty indu&th￿. Thc planned k¢y goals lo d¢liver on IL8 strBtegy WeTe Js follows: InLr¢use ih¢ volum¢ of bcTh¢fiiiari¢s rti¢iving harthhip suii¥xl Prvi ide Lomprehensive wellbein¥ ￿up￿rt ieTriLes Diver4ify dnd inLYease rth'enue &CTOSS donaiions. extrrnal fimdraising INI in-kind pArtne￿hIPS IkL're¥se relianLL un th¢ Lharity's inv¢stment inLom¢ 1kn,¢14)P 4UMI build an induilry community servhie offuin8 wellbeing vocaiM)n81514V)rt LaunLh new and LoniemFK)rary e%ents betier suiied 10 the nxNJem drink5 hospithliiy indus ProfL&sionalise Ihe operaiion by inirodwin8 new intrrnal sysiems across d&ia managemeni. benefieiary tlisessmeni. fuftdraisin8 41nd marketing COVIDI g and lioi'ernment resiriciions on ihe drinks and hospitaliry tndumries came within days of ihe launeli of ihe new idLniiiy. The pandemic's impa¢1 hi8hli8hied ihe importance of chan8in8 ihe sm'ices and eihos of ihe organ1￿110n, as ihe demand for supÈx)rt from colka8ue8 in (￿r indumry increased Mfold in ihe wttks followin8 ihe fiN I￿kdown. Thanks 10 ihe 8enerosiiy and aciions ofihe busin¢ss¢s and fundrnisers who supponed the chariiy ￿ a lime of 8r¢at n¢ed, The Drinks Trn81 M'as obl¢ ￿ suppffl moff orth¢ indullry workf(fftt iknn ai any lime in lis hiAory, The followin8 18 A review of how the ¢tr￿lty rKrfornl￿ 8tven th¢se unrrtcedenttd unforeseen circumsthnces. Chrltblt Revtnu The t)rink$ Tni8t earned ￿￿11 in¢om¢ of £2.401.044 whi¢h r¢rKwi¢d an in¢r¢8s¢ of £1.452.037 ov¢r equivhl¢ni 2019 rckenuL51£949.IM)71. Thi% significAni incrctse was xhievcd 1hr￿gh hI￿¢r cor￿￿¢¢ thnaiiLm& Busints5 Pthnership5 and One-oty t)onu¢ions. Muny donuicd fuThls w￿lf1(allY io Ilk￿ impacied by COVIt)1g ond for Ihc churiiy's cllbcin8 5CtI'lCC5. Intcrnul fundraisinB activitlC5. C5pcrially cvcnts. fcll 5ubstsntially due to COIIIDI 9 rcsinctions. t)c$pitc th¢ Shortfall in o'cnt rLvcnucs. Ihc uplift in donor revcnucs allowed thc rharity lo cxcecd planncd rcTr¥'enue of £868.¥50. lkne of the Lharity s goali was io veduce ￿lIance on invem)eni fund withdrAwv411 10 IWo1ional eolts. The Lharity wiihdrcw. L.345.(KXI in 21)19 and bud¥ded to rtducc withdrawa15 to £?411.(KM) in ?n20. Thc pl￿dcM1C nc¥ali%'cIy imp4lltL￿ invcsimcni rdum¥. the decision made drnw fn)m the fvnd after mtt￿h 2n20. and a tt>tal of I IMI.IMX) drawn in ?O?Q rcsuli. Benefic1# rwlett- Hrdshl Rdkr ThL Drink.% Tru%1 w4h% yULL¢￿￿tUI in 8Lhiev?n¥ il¥ ¥oal ￿ gn)w the number of bencficiaries thc charity help. In 211?{l. the Lhurity h1￿ %upFx)Mrd 4.5¥3 indib￿￿#13. vf these. W9 beneficitiries were ￿p[M)fiCd wilh pen￿lL fin#nLial a4%i%l¥nce ¥ranl% and i'¥rii?u% ALl¥ of KirKIne￿ an incr¢#sc vf 223 ovtt the 2019 equivalcni 01.776. AcL% ol. Kin(Inei4 wcre %h()y'n 10 'ncfiLiaritr% by ￿aY of one-OtT grants. TV license payments. C'hrisimas grants and 'goods' such as Whi￿ gthNls. Thi$ rcprcKnied an improi'emLni of almosi 3(Y/o Oser the number ofbeneficiaries in 2019. In addiiion 10 ihe ￿nefICianeS Med above. ihe chariry wughi io supwn those facing hardship rclaied io COVID19'5 impaei on hoSpi￿li1y. In .May of 20?0. The Drinks TNSI launched Ihe fir51 or ril'e cmeigency grdni reliLfs. w'iih reLipienis rLXLii'ing a one-oft. 1250 grani. 'lThi$ firsi round ￿'ll$ follow'ed by the Pesit￿.al Bar Siaff L'meigertcy Grani. the Drewery Siaff L."mergenLy Grdni, thk Nigh￿l￿b Bar Siaff (irani and finally the End of Furlough Emergency Grani round.

THF. DRINl¥.S TRI,'ST {form¢rfv 'THF. M"I)F. AND SPIRIT TRADF.S' BESF.I.'OI.ENT SOCIF.TY') ICompnv limited b!" Rurntee) CHèllR'S STATF.￿1F.￿T YEAR EYDED 31•T DECEIIBER 2020 Al Ihc cornplclion of ?O?O. Th¢ Drink.% TnL%t had aw'ardd a total of 2.59X various COVIDI 9 grdnt% lo indi￿ldUall acro&% the UK. wL.11 a% a singlc grdnl of £??.9ti? to Th¢ BF.N. thc Scottish Liccnsed Trade charity. to dikscminatc in Scotland t() indi%'idual% 4ualifying on ihe 8fdnts alwady prO%'Kk￿ ihrou¥h The Drinks Trusi. Thc iotrdl %'aluc of all CC)VID19 rants given al y¢ar ¢ryHI was £635.632. Iltneflela Serwlees- M'ellbel 5eThlees The Drinks Trnsi an￿￿[¢d thr¢¢ expanded servi¢es io deliver mor¢ wellb¢ing support to tht induslry workforc¢ Lomplementin¥ existing klpline. In Jun¢ 2020. th¢ firsi of t1￿ scrvic¢s. Sl¢¢p & IAqomnia treath￿l. from th¢ UK'S Icading pmvidcr. Slc¢p¥talion. wgs 14LunLhed. The chariiy h￿d 131 re¥isirdlions for &ssessmeni with 13 Boin8 Ott 10 curnplete ihe full ireaimenl Lourse. The Drinks Trus1 is no%% lth)ktn8 io further prornoie ihis offtting irt 2021 with kn ambition io in¢r¢A&¢ uptyk¢ li¢¢nses purLhascd and will reassess ih¢ s¢r¥'ic¢ ai lh¢ end of th¢ year. In May of 2020 Th¢ Drinks Tryst 0nnou￿tJ its Mitmlful Drinking for The Hospitslity Industy s¢r¥i¢¢. provided by C'lub s￿a. Ihc ILadin¥ UK provider of irninin8 aThl educalion around the mnagemeni of alcoliol consuinption. Tlie ￿rvice hlls proNed pvpul&r upiake for wiryl Jun¢ io tkcemtr 2020 wa5 11 I licens¢5. The Dn"nks Trust will cuniinu¢ 10 dLli%er th¢ 5erviic through 2021 and make i full as5¢5snkni of out¢om¢s orn1 cotttinualion of th¢ orr¢rin8 al y¢ar ¢nd 2021. In MJY of 2020. The Drink$ Tru￿ ¥150 l•unched its Thernpy servi￿ Supplied ihrough Dr Julian wcb Services. The orrerin¥ compri%cd of l'id￿. t¢lcphon¢. and trxt ih¢rpy sm'ic¢s with dc8rry￿lIfied ih¢rdpi515. Rccipicn15 of lh¢ 5¢rvio¢ bein¥ cntiilcd lo ihr¢¢ ¢omplim¢ntary S¢ssions. I￿r¢￿Sing by a further thr¢c to six wher¢ rtquircd. In 2020. 40 op1¢ enroll￿ in lh¢ s¢rvi¢e. In Novem￿r 2020 The Drinks Tft￿l YnnOu￿¢d the new helpline s¢rvice. which offers 24 houT5 in-th¢-mom¢ni ¢oiin%¥llin¥. and iei'¢rdl ways of r¢oching out inclwlin8 whjlsA￿ •nd ¢mail. Thi5 1$ ¢Dhanccd offering lo cficiarics. knih in ihc ai'ailability of counselloT5 I￿￿1{￿5[Y 12 hours a dayl and ilK mcdia which can bc us¢d to con¢acl IhcTn. The s¢ryicc alw otT¢rs bry￿ke BuidarK¢ on con¢¢rns that b¢neficiarics may hav¢. includinB d¢bt advice. m¢xlialion 5UPFXIrt and a Managm Advi¢¢ line. The Inc￿08¢d and impro%'¢d %Tvi¢es now offered by The Dn'nk$ Tn￿1 Xn155 M'elI￿1￿g have SUC¢eSsful uptak¢ In?m I￿.nCl1Llar1c￿, with 9MO indiN'idual% haYin8 rcecived offic or more of thc scrviccs 5Ct out knvc. Thc chariiy mct its tarbVLt and ￿111 conlinuL to irnprovc thcsc 5rn'ice4 b&fcd on rcc1pi￿f fccdback. In 2n2¢) Thc r)rinks Tru%t'i expcnditUTC on charitable iivities wa% £1.712.832 183•4 of tnlal cxpcnditurcl. Acm&% all hard.%hip and WLllhcin8 scr%iLc4. The Drinks Tru$1 was ablc to &k$i5t 4.5¥3 individual4 in 20?0. an incrcu.4c of 2.4)79 ovcr thL ?{11 Y L4uiNalcnt of l.¢MM. Thc combin¢d total dircct cx￿￿1]lure on bC￿rIC1ary sm'iccs £ l ?Oh.4Y5. risinb by 6¥4.8Mg Irom Ihe 201Y cquivaleni cxperKliture of L521.fA16 . Add]liv￿IlY. this eX￿￿kd1¢UrC w'&% lfy59.756 a￿ve budbvdcd cxpcndilurc 01. I54&.739 kt for thc ycar 2020. This aehievemerti was mk wssiblc ihanks to the si¥nifiLIUII cncr()sity IMTrth businesses ith11vith￿11 #likc. The Drlttks Cummurtlt In November ?O?O. The Drinks TnL%i work on its service the Drinks Commurtiiy I￿1. DC is 8 dediLaied nelW'orkin¥ portAI for e%'eryotte workin8 irt thL dn"rtks" induslry. from the ￿tnI of pr(MIuLlion io the wiiii of sale. 'The plaiforn) pro%ides a 5paLe lor irtdtssty professionalti io learn alM)Ui W(￿￿11l)n#l #nd wellbeing de¥'elopmeni thnd is dediLaied 10 helpin8 the workforce proycss in their careers. Resotsrees on DC Are pr￿luced by leaditt¥ wfessionals #ttd Jovide the learniti85 they have taken from the 5UCLesses n(1 Lhallen¥ts in iheir own careers. li also dn.ves membets ￿ priNJuce their own iLsi8hts' and share them with the cominunily. enLourd¥in¥ leaft)irt8 and supp￿. Addilion4111y. DC a mertiOrin8 pn)gram artd follom'irtg its launth in early 1021. li no* has 30 meniors ortd merttees coinpleiing the firs1 round of the proBfdm. DC will launch another round of meniorirtg laitt iti 2021.

THF. DRINl¥.S TRI,'ST {form¢rfv 'THF. M"I)F. AND SPIRIT TRADF.S' BESF.I.'OI.ENT SOCIF.TY') ICompnv limited b!" Rurntee) CHèllR'S STATF.￿1F.￿T YEAR EYDED 31•T DECETrIBER 2020 T(? date, ovcr l.(MIO mcmbcr¥ hav¢ joined Ttx and ar¢ bencfiting from ihc ex￿rienCe and skills bcinu thared by ihcir collca¥ues. particularly ai a lime when many of our colleagu¢s in drinks and hospitslity induslry r￿U]re profc%%ional .%Up[￿rt lo r¢-¢nicr th¢ job markd and thriv¢ in th¢ ycars ahel. rnl In5tlativ I'he 20?U slraie¥y Lalled tor new and conitmN)rary irMluW el'enls. COI.'ID19 m￿t mosi fundraising e%'Lnts imwssible. and all evenl¥b were LanLelled ihn)uuhwi the ytar fn)m mid-MdfLh. Th¢ Drinks Trus1 art L4tuliuusly upliinislic rundrdising events will be w>ssible irt 2022 and plan io ¢kliver on this goal. Th¢ annual ball cv¢ni did lak¢ pl¥c¢ in 2020 ?￿j sold out tickcts which rjis￿ £30.786.38 Ivy £43.47b in 2019} bllllv ￿1￿ I'he !U?O siral¢gy commiti¢d Th¢ Drinks Tn￿1 io U￿1¢ its pNK¢dur¢s and syst¢ms lo substhnlially impruv¢ pr(MIuLli%.iiy and ¢ffi¢a¢y. In S¢pt¢mb¢r 2020. lh¢ ¢harily rnow￿ its a¢¢ounlin8 Systvn to X¢ro and LunlraLt¢d art oul.wurced ¥couniancy fimi 4￿¢Iall%1n8 in Aot-for-profii 5¢th0r. In D¢r¢mb¢r 2020. th¢ ¢hority impknnd 4 new Thm-for-ryofii CRM syÉm that li linked io lis 0¢¢4yunting sy51¢m. The nLW C'RM allows for si¥nificanily improbd manag¢m¢ni of rtrords. daia capability. fundrdisinB I￿75. and b¢n¢fi¢i n?Hnuy¥n)¥lll lools. Thts¢ 10 syst¢nts 108¢th¢r h•i'¢ allow￿ the ch8riiy ￿ ¥AJvance its ¢apabilily sighificanily. Additionlilly, Ihe charily has produccd uNlai¢d and Impro%.￿ p)liciu acros5 w¢lfar¢ cligibility and proc¢ssing. CJt)PR ¥cnLrdl opernling pro¢edures. All pTrli¢ia hav¢ b¢¢n wr¢5sfvlly inirYMlu¢al and allow. the charity lo o￿T￿le iiiorc ff¢ctiv¢ly and trnnspar¢ntly for m¥ny y¢Jts ￿ ¢ome. .Sumrn 20?0 proNcd lo ￿ one of the most ehLllcn8in8 tim￿. in iNkntry hi51ory with an ￿n￿ceed¢miLYl nrd for sUPIMYrt for Ihos¢ itJlPiiCi￿ bv GoNernmcnl rtstriclions du¢ to COVID19. The Drinks Trusl r￿rA)nd￿ admirably to Ihcsc challen¥L$. cN'ol%'ul ils ￿rViC¢S and delib'cred 5uiwrl unpardll¢lcd in ils history. Th¢ covir)19 pandcmir cam¢ al a time when th harity lo(Trkcd to mak¢ %ignificanl chall8￿. allow'ing li to adapt to the changing nwds ol- tho Workfo￿¢. The BIMIS mhitions set oul in ¢arly March 20?0 were ambitious in th¢mselv¢s. but a5 Ihe pandmi¢ I￿gIn IiTr lak¢ its toll on thc indu%lry. Ihc dcman(l on thc Lhan"ty widly incrrasd. creatinB a challcnBc tv dclivcr on both il¥ vi%ion and th¢ cxp(Trncntial ¥mw'ih in dcm¥nd. It has bccn. hope, a challcn8e ihat we never hvt io eX￿leT￿t again an irthlry. WMI it i also onc that Thc l)rtrtk$ Tru%t able to rise to. IiTmly rc-CStabli%hin¥ itsclf a% a pillar of thc inthi$lry aThl a lifclinc to many th{)U￿n￿% ol. iTKlivhduals who withoul il. may hav¢ fac￿ 5i8nificant un¢crtainty. Thank It IS IrnlM>15ible io providc cnou8h yatiiude ￿ the that Thc Drinks Tn￿ received from knors volunietts I ?0?11. Many busincsscs and individuals ¥a%'c this charity the funds.. mcons and iimc that allow'cd il tu pruvidc SUPTM)rt that ils bLnLfiLjdfics dLSFmtLly nccdcd. They arc all namcd in IIK subscqucnl and w'hilsl somc d(mor4 g4L%e huntheds of ihousands irt dortti0rts. ￿herS 8aNe hundred%" despite facing si¥nifiLani financial chlillenges. 1'1iere is no 5iinple way io ihank arty of our SUpP)rte￿ witrM)ui Sin4)ly saying you ue The Dritiks Tn￿1 athl therefore diis charity's IiihiLI'eniertl is your aLhie%'emeni. I wish 10 thartk our Chair ofTrusiees 90191?OO. Mkchael Saunders. for his lime and dedicaiion. and indeed io all irusiees nd patn)ti5. for their sUPP)rt in ihe wurk aLhith'ed in ?O?O. Finally. I w'#ni io thank Uie am ai 'fhe Drinks. I'rusL who worked iirelessly io supp)rt their Indus￿ coljeg8ues in 2020 and coDiillue io th) so io da. Tro* Chrlstenxen Chilr of I'rll5tees

THF. DRINl¥.S TRI,'ST {formfrlTr THF. W'INE AI%D SPIRIT TRADF.S' BF.NEN'OI.F.NT.50CIF.TY') {Cfjmpan)" limlttd bi. %u•rantee) CORPORATF. PARTI%F.ILSHIP M'ITH THF. DRINKS TRUST (FORMF.RI,Y THF. BF.%EI'oI.E￿T> FOR THE YEAR ENDED 31ST DECEIIBER 2D211 The companies and organis01ions listed below were Col￿TrIc t)￿)r$ of The Drinks Tn￿ Ifornierly The Beneyoleni) ￿ at the end of De¢ember 2020. Foundlug PtrD• Worshiplul Company of Vinthers Ethinwon.Beam Sunw UK Distyibuiion Emwria BraTh F￿41¢ 360 Enolria&Co¢ Everl¢af Drink% Everyday F&rr Vintskn.¥ Fifth Gencraiion. Inc. Freixenth Cortsiick Fuller Smith & Turner plc Globol Bart¢ndinA Go¢dhui4 & Co (JOI￿aleZ IIy&%5 UK Grnft Whne Company Guy AndeNm Wines Halion TUMLY Br¢win8 Company Ilaich Manifield Hayncs Hanwn & Clark Ha￿ard Ilrothus (Wines} Il¢in¢k¢n UK HillebraEyl Hvnc¥t ljrew IAn MaLle(Kl Disiillers Invcr House DI￿111¢￿$ IWSC Foundaiion J¢rolM)am WI￿ Mcrrhants John Ans¢11 & Parln Kcythr UK Kin% Cor F(M)d Indwrial King51and t)n"nks Laureni PerriLY IUKI Lay & WhLYler Lea & S2nd¢man ￿'1￿e m¢￿h3nts Lee Bolton Monier Williams Le5 Grands Chais tk Fran¢e Libeny Wines London Louis L410ur Agencies Maisons M#rqu¢s d Iknines Majeqic Win¢$ Makmak¢ Ik¢r M&st-JA ￿￿ern￿lSter UK Mcntr2rthrff& Co Mixellany M(1 Hennessy 5¥ Gin Acco11¢ dc Wines Alcohals Annii Win¢ AS￿hi UK Asterley BrD5 Myliko Wines Naked Wines UK Napa Vall¢y Vinin¢rs Asx)cialion NVVA NDML N¢iMhbourly Communiiy Fund New. Generation Il'ines Nvrthcrn Monk Brewing Co. l)Jd Fim) or Sin Off-pisie Wine Old t)uff (' J¢nL%'¢r Par3Rraph PublishinR Pernryl Ricurd UK Pol Pr￿[ Drinks Qubnies5ential Brands RLxny Cointrcau Richard BrLmdon of London Sa%'ylls Bcveragc Co. SipmÈth S￿ri￿11ty Drinks Stccly Fox Siury PR Thi Brewers, Company Thc Woicr Man Thc Winc Trade s￿1$ Club FoundAtitsn Thrccstron Tipjar Trrdsury Wine Es'lal¢S Vini8He R￿15 Virgin Wines V%C' Winc & t)rink Whisky Auciion Au.siralian VinthKe 11o¢drdi Ilayihorn¢ Hall BeD¢on CommTrJitie5 Berkmann Win¢ Cellars Bcrnwr InlLrnuliondl Berry Bros & Rudd Ik5tway Ilrilk ElrLVlery Broadland Drinks Bro¢kn?an% Clin Ilruwn-Fonndn El¥'i cr¥¥¢4 Ewope Bwichl&ddiLlI D151illery Buckingham Schenk C'amp£Wi UK Curlion Club CuscllJ Family Ilrands ( u%k xx 'frading C ellicr dcs 1)auphin5 C"hanxinM tk.haviour L'h¥sc Dislillcry CirLIc LTrfw'ine Wriiers Co¢ktsils in the City ( i)nLha y Toro C'on%lLllaiion Brands Iniernaii(wl Comey & Ilarri7w Bars Cotswolds. Disiillery Craft Gin Club C-uri()￿% Vines D¥vy&(iTr tkcanier MuRazine DidJ¢eo Great Brithin Dir¥il Wincs Di%TupliY¢ Craft Spirits Di.%tell International Wh￿¢ & Mackay William Grani & Sons UK willi￿ Rccd 14u4ine%s Media Winc & Spinl Trddc Asyxialton 'wlf Drinks Worshipful Comp#rty of Distillers 'OTshipfvl Company of Innholdcrs 'orshipful Company of Vinmcr5 WX Brands rjourthe IUK) Drynk% Unlimiitd L: & J (ialto ￿￿'lnery Eunjpe The TnLSt Il()rmerly The Benv¥olentl wAJuld like to acknow'ledge the support (Trf the*e ¢ornpanies and regional Winc dnd Spiril A￿￿KI￿li￿n% and thank them for ts￿Ir annual donations a￿1 thcir on-¥oin¥ hclp &%si%tancc.

THF. DRINl¥.S TRI,'ST Iformrrh THF. W'INE AI%D SPIRIT TRADF.S' BF.%EI'OI.EYT SOCIETY.) {C.omp#ni" limited h). %wrrtntet) I,IST nF INDII'IDI',11. DONOILS Tr'OK-I'IIL YE..IR LPDED 31SI' DECL.IIBLR 20211 The Board of Trusi¢es also wishes io expr¢ss their thanks for the ¢ortstsni loyalty. through Annual subs¢ripiion5 And donations io th¢ following individuals w.ho haN¢ 8¢n¢rously agr¢¢d io donal¢ to Th¢ Drinks Trusl's Ifonn¢rly The I1¢n¢￿0]CnI} fuThls w'ith 8 minimum of £35 p¢r annum. Without such Sup[￿ Th¢ Dn"nks Tru51 Ifomjerly The B¢n¢Trolenii could not ¢&rry oul its task of fdrin8 for th¢ less fonuna m¢mb¢rs of th¢ IT￿1¢. A H411 A P Wcsipn A W Fairbank Aawn Ltt Abraham Thom&s Yusef Andrew Rowsome Adam BaRRoit Andrew Sparnw Adam Ltver Andy Carson Andy ChinnLKk Andy Latham Andy Mil Andy Silvesi¢r An¢tt Morici An%¢la CIJY Anna Chrisiopthenon Anna Elin Sofia Mann Annc Cathlineau Anne-maric Morris Anihony Baff( Anthony Chapman Anthony Fi¢ld-Johnson Ashley Hall Aurore Vthkn Nes Andrew CJrn¢ro Andrew Hill An41r¢w P¢nnock CJllum Baines Calum M¢farlane Carly H￿d￿n Camwl Killline Caroline Cooks( Caroline Lesur Caron Richmond Ciard Wong Claiw Bainhridge c-1oir¢ Johnwn Clive Bradbury Clive Hunl Colin Baxter Conor Matthew Adam Thomas Cerentha Chow. Counnev M4 al￿neY Craik tklalond C"rni¥ Dumo Craig E%'8ns Crdim Lancasier Craix Saundir5 Croig Walker Dan To￿￿5¢nd Danicl Elphinslonc Daniel K￿¢ Daniel Pricc Daniel Shcifield Adriwi mck￿1￿ Adrian Morwi Akos Rrtbi Alan Fairley Alun Sfflith AlJn 8ieele Charlr m￿Well Charles Minoprio MW Charles Orr Cthorl¢s Shamw-cox Charlie Charlotte Br4mham.Jone5 Al%dair Day Albinia TN¥tram Eve Ales%andro C-unia AILX AbLY Alex Ilowell Alex Tilling Alexander (yrttn CTharloti¢ Brind CTharlotie Rushworth Chk)e Gray (thloe Ilarnian Chloe Roscoe ri4 Maso ris Mitchcll t)arr¢n Blanche Darren Moffis AILxartdcr Jublunuw'ski Chris Ncwtom Darryll Puddy Da%'id Builer Adams AILxundLY MLmichen Al¢xllnd¥r Turnbull Ayse Tu¥ba Ankay Sagmw Chris Porier Bary L¢vin¢ Chris Raistri¢k Da%'id C'ox AIcx4Lndr4 lTring AleKandrJ PreKrrtl Al¢Kandra Thvrne AILxundros Hudson Alexs Sherriff AliLe Williamson Chris Rat¢liff Chris Searle Chris Stroud (Thris Whi Chrisielle Ched￿.¢11¢ (1wisiian Barden Dovid E￿15 Da%id Hunier David Pollc)Lk D8I'id Sew'ell Dai'id Skinner Bcn Jones Bcn PK'k ljenjamin Manie Manini tJL'njamin Wrixhi Bdhanie t)ennis Alison Mann CThrisiian Purdy (Thristina Bft)wn (Thri$topher Abbott Cthri%tvpher Davcy Chrisluplkr Eli￿1 L%￿kh (Thn"sloplr Fi¢ld¢n christoph￿ H4yman ChristoplKr S*phen David T WriRley Davide Seg8t Dean Holland-smiih Alistsir Morrell Bill Langan Boti Ri5hworfh Alun Cnppack Aly MdihLT Am4mdd Hardy Amy Carmichoel Ano Ab¢1 Ortiz Avdrew Bardsley tknKlli (Thiara DcbbÈc Wil%on Ilrdd m￿l￿art Brian Robinson C F M(Trscrop Caitlin Gornwi De￿rah Culllinson tkborah IVhit¢ tkmktr4 Mich4el Denise Allan

THF. DRINl¥.S TRI,'ST (formerfv 'THF. M'IYE AYD SPIRIT TRADF.S' BF.NEI'OI.E)T 50CIF.TY') {C.omp#ni" limlted hv %w#rnntee I,IST nF INDII'IDI',11. DONOILS (cf&nt'd} Tr'OK-I'IIL YE..IR LPDED 31SI' DLCLIIiIER 20211 tkni5¢ Parker rkrek Jones ni%rupii¥e Crall SpiriLS tkTrnJini¢ LCVLY lknminique Clwroll IX)n Spiro tkbuRlas Paiierson Dr Niall Mcbride G4ia Catsrsi G4reih Evans Gareih Groves Gareih Lo￿.[¢n¢¢ Goreih Mur Hayley R￿Iknapp HeaiheT Hodge Heidi Cicero Helgc Thor¢5¢n Pawhc Holly Checney Holly Wells HoneA Brew Horx¢ Bu¢kenham Howard Corrigan Hugh liibbs lain Hinks Jane Mckenzie Jjnet Gardner Jared Ilrown Ja¥min¢ SumeTay Jenny Allau'ay Jenny Crai'en JessicA Hellicar Je&sica M¢mich¢n Je55icu N'orman Il'hilc GAry CokLY Gary tkvine Gllry Gordon Cjary Kcllcr (IW Morris Gen¢vi¢ve c￿wY Geoff Collins George Bull Geor¥e Ince (ieoryie Bcll Gerry Amdor Giorgio Bar¥iani Grgeme tknnis Graeme Sirnchan t)uncan l.ees r)uncan MaLfarlane l)>lan TiLrnan L.dward D¢m¢ry Edward Dove Edward Wallis Jillian Drujon Jo Cain Jo ThOrn￿n Joanna L(Kke l•n Cwnmin8S lan tkmpster F.dwina F.ddleston F.dwina WaLi( EilcL'n ljieyiy Elena Peirov lan Mclaren lan RobiThi lan 1rnr￿ ChLXMlhury lo•nni8 ￿m]en1d18 Ivan Villegas JCOSimpy J Croft Joey Medrington joh￿ F.k¢lun John Ilarrcti John Casson MW Eleonore Moreau Elisa Dc Cjcnnaro John Davy John Ryan John Smiih F.IiTabcth Cook F.￿nUCLe F.ulcrni Graham Hol (irant (iord(?n John StraLhan Emily Oncill L.mmll lknris Grant H&ll¢y GTeg Sw4rtz Gr¢Rory Corri%aft Greig Ilowiii Greig Swbles Cluy Andcryon Hannth Abd¢1-H￿l H4mn&h lJau8h H￿nah Conon Jak¢ scoit-m&￿m John Worontschak J•mes BTomige James D81'y Jam¢s Flemin8 James Hearn Jamu H￿ntin￿On James Malone j￿￿¢S Mcgeown James Paiion Jonothan AlnMJnd EJnm8 Gr¢aihc Jonathan Daysh Jonjthan Lee Jonathan May Jonathan Owen Jonathan Smalles Jordan Kemp Joseph Kobert5 J05hu8 Mcdonald Joshua NichTrlctt5 Tiimman F.Inma W¢51 F.nn) Palmicri Erica Ikni Lve Kelly Iwdn Murray Fairfux Ilall Hannah Eakins James Porteous Feabha Hoarc Hannah F.dward5-Nicol Hannah Sharp Harold Porter Jarncs S Felicity Johnson FLI)nd Walk Jarn￿ Youn Julian Dyer Juli¥n Dycr Julian Row¢tt Julian Tw'Dii¢s Julie Gubbins Julie Sheppard Justin How'ard.Sneyd MW Jamic tk)rrancc Jancis Robin% Jane Crdnston Janc Gaffey Jane GeoTge Jane Maste lor&gy FTanki¢ Cos%ro%'c FTascr camp￿17 G Nightingale Harri¢l Rob¢rts IlaTri¢t YounR Ilarry Bennell Whiiehouse Hayley Das'inson

THF. DRINl¥.S TRI,'ST (formtrfv 'THF. M'IYE AYD SPIRIT TRADF.S' BF.NEI'OI.F.T.50CIF.TY'I {C.omp#ni" limlted hi. %urMDtee) I,IST nF INDII'IDI',11. DONOILS (cf&nt'd} Tr'OK-I'IIL YE..IR LPDED 31SI' DLCLIIiIER 20211 JILStin Miller ren Silver Karl FTeedman Karolina Piwowar¥k# Kui Houn>ell Kale Sw"cei Klliherinc Ilounsell Kaiherine Jacobs Lily Dyer Linsey Liddle Liz Fleming Max Williams Mel Lang Melania Bellesini Michxl Byn MiLh8¢1 Dylan Edwards Michael Jackam Michael Redm&n Michael SauThkrs Nicola Mos5 Nicola Sn?iih Nicol&$ 7alin5ki Nicole Kendall Nidal Ramini Nigel AndLrson Nonc Emily Sinclair Nonhem Monk Loris Clmtyo Louise Anderson Louise Farquhar Louise Vaux Loui5¢ W￿1 Columb Katie Fi5h¢r Kaly Ru8man K¥iih ThalLhLY K¢iih Wri￿h1 KLlly Chamt Kcnion Price Kevin Chinn KLvin Mcchan Micha¢l Taylor Michxl w￿s¢ MichcllL Brampion Mich¢lle (iauthmi Oliver Brn¢k Oliv¢r Siirling Olivcr Thompsort Olivia Ryan Ollie Jone Oun41 Bailey PAEMair Prdila Ti¢h Lucy MurLU Luke (iolding Luke Ilarri$ Lydia Russell LyTrn Hendry Madclyn M¢lau8hlin Mich¢ll¢ Lo Miguel Smith Mike 0Shea Mik¢ Scabrwk KLvin SILVLn%on Kei'in Wdlker Kieran Ilammond MilLS Bcdlc P#triLia Orr PairiLk trr&nco Pairick Mcxraih Paul Anthony Champfte88 Paul Bolton Paul Builcr M#ggie Campbell Marc Pendlebury Marc Renouf Molly Kane Molly Lawson MorRan Davi¢s Mukcsh Kcjriwal Nathlia Kurkowsk# Kirxien Macle Kirsty WhÈte Kri% lirimc% Mar¢o ArIn￿lIa Mdryarct (iilbcrt M¥r¥arita Michael Maria L¢n¢&slre Kri%hna Mvih4 Kul%'tr Sroy Kyle Gib50n Laura Clay Laura Jew¢ll MW Paul Davie$ P8uI Joncs Natali¢ Elin¢ M¥4rilena Bithine Nathan Boyes Nathan La51 Paul Let￿reA Murk Buckenham Paul Richard5 Mark Champion Mark Dai'cnrA)rt Mark Ih)u¥Ls Williams( NayJn Gowd• NelM)jw Kuileic Neil tk)nachie Neil MaLpherS00 Neil Walker Nscholas B¢ Nichola5 R(xTrm P8uI S0￿cTrI]nO l.aurn Richarils Laurn ViLkLr Lauren Marshall Lauren Omond Laurence Coombe Paul Vamcy P8ulinc Lylc-smith Penny C'orbe Pther En%lish Pder Franz Martin Gamman Maihew. Aikinso Lec Cjrecnhalgh Lee Rdnd¥ll Mathildc Khalcf Pclcr Grcct Matilda Manl¢ll NicholLs Williamson Peter Kyl Pelcr RiLhard Lci¥h Andcrson Leon Millcr Mutt Sykc5 Matth¢w Gauni Nick Elkin Nick J¢nncr P¢ter Winile L¢31ey JesSOP Lewis Ellioii Liam S¢andTett Lily D¢ Fran¢a Mgtthew Glenn Matthew St￿Cer Matthew. Walker MauT¢en Kaunda Nick Lwnard Nick Rod8.ers Nicola Beart Nicola Farley Philip Comer Philip Gandy Philip Goodband MW Philip Nickson

THF. DRINl¥.S TRI,'ST (formerfv 'THF. W'INF. A%D SPIRIT TRADF.S' BF.NEI'OI.F.YT.50CIF.TY') {C.omp#ni" limited hi. %w#rrtntee) I,IST nF INDII'IDI',11. DONOILS (cf&nt'd} Tr'OK-I'IIL YE..IR LPDED 31SI' DECE.IIBLR 20211 Philippp Mortimer Pietro Giubelli Pip Mortiiner Priyanka PoTecha Professor Kaihleen But R1( chcl Cudmon R1( Lh¢l CriiLhley Ralph Child Rati Vadher Rayvaihi Kalzano RclK'LLa Bainbcrg¢r R¢becca Dixon R(Kl Dia5 Rohii Dayama Rrry Dale Simon Hore Simon IAWSOII Simon March Tom Foxwell Tony Hogan Tony Mair Trish S¢urficld Usamn Swfi Vanesla Maiolo Verily Milns Victor Lanson Ro>ie LutT Rosie ShLYidan Ross Ilryani Ross Campbdl Ro&s Ker51ak¢ Rup¢rt Pritch¢tt Ru%scll Kirkham Sir ￿[ge Bull Sly Augusiin Solene Tailland Soncha Whinak Sonia Eli Sophie John51on Sophic PaILr￿n Si¢ph¢n 4A(yuld Slep￿￿ Porker Sphcn Tife Steve Ascough Stc¥en Mi1¢8 Victoria Anderso Victoria St¢phcns-ClaTkxon Victoria TimbLTlake Ruth Spivey Ryan Mockie RyJn Mckay Ryan Morgan Sakci Triv￿1 VirbTinia Nowak ViloT Kono Warrcn Adam50n Wei Sui Will ()bricn Rc1￿¢¢4 Siev¢n$ Re7,a Sharifi Rhy4 IiiNKIc Sam Ayhw'otth Sam Dagger Sam Gil&ni Siuan Ayrc Sue Will Supriya Goyal sU￿n Mcdomld Willidm Cdry William Flolt William Lay William 0￿Y Willium Pale William Scih-smkth RiLhurd Ejdldw'in RiLhard BampfiLld Richard Ilrown SAMH Richard CaJ¢m¢ni RiLhdrd Li)Ic¥ Sam Johnson Sam Sandb￿h Sam Wi150n Suunne Tail SUTIC sn￿[1 Riihdrd Li)vcrdalc Tahid Ahmed William ShcLd Itiihllrd I1￿mill0n Samantha C'4pJm Samantha Crcer Tamara Lawson William Sfflith Rich8rd Rcnw'ick T•nish• L4tty Tanya Thornbcr Tanyn-Lcigh Ki￿Y TI￿n& Arn)%trong Ttr￿n￿￿ Pahey Thomas Guignard Thomas Siewgn Tiffany PYAII Tim Iladham Tim Beck Willi¢ Lcbu Richard SJinuels Samuel Pa8e Sandra SJnger Sarah Bui¢hcr Sarah Fe8ihcNone Sarah Secombes Saryajeei SAranR Satyajeei Suan% Scott Levrr Yannick Bu8nolo Yik Ning FAlith Lai Ri¥hard Siddle Riihard Wcai'er Ktsb Wilii)n Robbie Ru¥man Robert CArn]ichael Robert Forr¢st RDkrt Hurriwn R(?bcrt IlaywJrd Rokrt Rulls Seamus Btrt Tim (iray Tim Milford Robert Will¢y Robin Mcmillan Robin Punion Robin WoTren.Adamsc Robyn Simn Sean Reilly Sharon Bilel Sheila Flamilton Andrews Shil Paiel Simon Berry Tim Shaw Toby lanson Tom Canry Tom Cokill

THF. DRINl¥.S TRI,'ST Iformrrh THE W'INE AND SPIRIT TRADF.S' BF.%EI'OI.EYT SOCIF.TY') {C•mp#ni" Ilmiitd bi. %u*rant¢e TRUSTF.F.S' RF.PORT YEAR ENDED 31ST DECEIIBER 21120 Thc TnL%tc¢¥ prc¥cnl their annual rqx)rt togcthcr with th¢ auditcd fina￿la] 4talcm¢nts for ihc y¢ar cndcd 31 %t Dcccmber ?0211. The￿ havc prepared under th¢ provisions of StstcnThl of Rccommcndcd Practicc for C'haritic% l%l)RP ?01 Y). Thc finanLial %talcmcnts comply with all statutory rcquiwmcnts and ihc rcquiremenL% of th¢ churily % gul'ernin documcnt. AND AD￿11￿1.￿-I.KA.rll'L DL'I'AILS CUNS'I'II'UTI() Th¢ ¢hariiy Lhang¢d 11$ narne to The Drinks Tntst on 10 MaT¢h 2020. The Drinks Trust Iformerly 'The Vi'lne and Spirit Tr￿ts. Benevolerti knieiy'l is a company liimitcd by 8uardJilc¢ and a re¥istered Lharity ¥oi'erned by its Memor￿￿1￿M and articl¢li of abs￿.1a110n. Th¢ Trusl¢¢& of th¢ Lharitabl¢ Lonip4my ar¢ Iso the direL'iors fur the purpjses of company law. ME￿111￿￿5 OTr BO,IRD OF 'I'RL'SI'kES AND PRINCIPAL OTrTr"ICERS The lollowing m¢mb¢rs s¢rvryl on th¢ Bo•rd baw¢¢n l jartu￿ 2020 th¢ thi¢ thes¢ o¢counis were si8rt¢d.. N.P. Bark¢r M.E. Brdrnplon Ir¢siAtt¢d 19 Feb 20201 T. Chrisi¢ns¢n S. DiftvTd E.C. t)0￿.¢ A. IlawL G. Lftwr¥nr¢ J.A. RJckhom A.L. Rlyd P.S. Row'an M.P. SaurKl¢rs A. Smith T. Yu%¢fire5ign¢d 31 tk¢¢mber 2019) McmhLY4 of Board are electcd b) the Iloard. At each Aftrtu￿ Genml Mceting the nearest number to one third reiire #nd dfL Llibyiblc l(?r rc-clcclion. Thc McTnbcrs of tknrd to rctirc cach ycar arc thovz who havc bccn lon¥c5t in vifice ¥incc thcir I￿1 clcction. 'hair dr T. Lhrist¢nscn Chainnan 2020 & 2021 Hunvr A.Smiih C'hdir ot- In￿. E.(. Dovc nt Commi ChLLfExecuiive and Com R.L'drier

THF. DRINl¥.S TRI,'ST {formrrfv 'THF. M"INF. A￿"D SPIRIT TRADF.S' BF.liEN'OI.F.NT SOCIF.TY') {C•mp#ni" limiled bi. xur#ni¢e) TRUSTF.F.S' RF.PORT (¢oTrtlnued) YEAR ENDED 31ST DECETrIBER 21120 REFERENC E AND AD￿1151.1TRAT1￿'E DETAILS (Continued REC:14>TERED ()FFICE: 39. 45 Berrn￿ Strcei London SEI 3XF AUDII'ORS: HaysmaLintyre LLP L'hartered Accountants 10 Queen Str¢d Pla¢¢ London EC4R IAG S>OLICII'ORS: Ltt Bolton Mottk¢r-Willi*ms l The Sanctuary Wcstminsier London SWIPJJT INI.EST￿IEyT ADI'ISORS: Cr¢dil Suisse IUKI Limiied Fiv¢ Cabot Squore London E144QR C()MPANI' RF.C.ISTERED NUIIBER: CII,IRITI' liI,'IIBF.R: 2783340 1023376 ITRLCTURL. GUI'ERIAYCE AYD MA￿AGLI1￿￿T The principal structure and re￿Ing lines for the charity are shown below: Tru4tcc¥ ar¢ or havc bccn scnioT CXCCUtIVC5 cmploycd in ihc Drinks Ind￿￿ or have bccn ap￿intCd for ihcir cxpcrtiK. Any ncw dprrt?inlcc¥ arc fully bricfcd on thc aim4 and objcrti￿cs of Thc Drink% Tr￿¥t Ilornicrly ThL Ilcnci'i)Icnll and rcccivc int(?rmalii)n and trainin￿ if rcquircd as lo thcir rC5￿n￿1bIll11cs as a Truslcc. Thc knrd thILYminL￿ thc gLThLTal IILY l)I'Thc. Drink.% Tru%t Itormerly The Ben¢vol¢ntl. The day to day manage￿￿nt of th¢ charity is del¢baied to the Chief Ex¢cuiiv¢. The Currently compnses 12 mmbm inclwliDg the Chair and rne¢ts four lim¢$ per year. Thc kcy man¥￿￿ment of ihL LILarily Lomprisc thc (Thkcf ExcLuli%'c. thc ()pcraiions man￿￿L￿. Ihc Wclf4wc Munagcr und the MarkclinB dnd LommuniLaliuns Managcr and thc Evcnls. Manaucr. Rcmuneralion fvr all is scl by ihc Tru51cL￿ whcn Lollsidcring dTMI ¥grcLing thc annual bud¥el. CorLsideraiion 15 ￿ke￿ of publi%hcd bcnchmarkin¥ salary sur%'LryS suLh lor thc sector. 10

THF. DRINl¥.S TRI,'ST {formrrfv 'THF. M"INF. A￿"D SPIRIT TRADF.S' BF.NEN'OI.ENT SOCIF.TY') ICompn¥ limited b!" Rur4ntee TRUSTF.F.S' RF.PORT (¢on¢lnued) YEAR ENDED 31ST DECEIIBER 21120 .%TRLCTURE. C:(>I'ERYAYCE AYD ￿lA￿A(:E%lEliT Ic0Drfn￿tdl Internl Control Th¢ sysl¢ms of tnl¢rnul iontrol aT¢ dtsigned ty wovid¢ Tcasonthk. but not ab501ule. ￿uranCe ¥gainsl m&leri¥l missliil¢m¢nt or 1055. Th¢y inLlude'. An onnual budgei appro%'ed by the Tru51ces RLI ILW circii141iion of Mana8emeni Accounts ￿ All TrU￿e¢S four limes w year A re&iew ofihe remunerhiion of all starrduring the review p￿￿esS by all Trusiees Regulw consid¢r41ion by the tkwd of financial r¢sult& varianc¢ fTom l￿d￿¢￿. nO￿-fInanCial ￿forni￿nce indLLaiots and r¢vi¢ws. DL.ILgoiii)n of auihoriiy. includin8 ￿elfare p•ymenl& and se8re8ation of duli¢s Idcniificaiion and mana8emcni of risks C)RIC:Ili, UBJECTII'ES PRINCIPLE AII¥IS OF CH,IRITV The objectives of the CTharity. which as fomd in 1886. a5 d¢fiTwI in Ihe Memornndum of As%Kiation. ar¢ io as51$t Mem￿￿6 of thc Alcohol Dn"nk8 Trrths INI all Mcillary or8an1￿11Oft5 instituiion5 in the Uniied Kin8dom, .hi) are in nccd in particular.. By birnntinby fcBular rnonthly to all¢Via￿ financial harthhip By making i)n¢vl)fi"granL or payrwii$ ¢0 hclp oddrcv suffcring or crixs Ely pn)I'iding Cmoiional or pmiical for i&¥u¢s of well￿ing or hardbhip By prvvidin¥ io the reaidents of the hLMnes that the charily used ￿ uwn &tMI n PraLIiL#I. emvliundl and linthncidl ¥%sisianLe is ¥ifven to anyone in the drinks trle who is currently employcd. ur ha4 ken LmplvyLNL Jthd hai'e dcri1'L￿ their irtcome prinLplly frum the alcoholic itrinks" busine5% #nd .hv n￿'Ll thc LriiLTiJ lor The Trusiee) confimi thai hve complied wilh the thiry in Secti￿ 17 of the Chariiies Aci 2011 io have due re¥ard 10 the public benefit ¥uld#￿e publis1￿d by the Chariiy Commission in deienninin8 the Aciiviiies llrtder￿ken by the C'h41rtty. OBJEcfivES & A￿l￿.ITIEs The Drinks Tnisi Ifomierly The Benevoknil. •ain8 benevoleni ori8ins. cffliinues to meth its obieciives by way of bupporf in iht fomi of re¥ular Charithble donati￿S and one-oIT8rants and proi'idin¥ ￿lI110nal emotional and prd¢iiLal buppon io ￿nerilLar1es. The objethives of The Drinks Trust Ifornxyly The Benevoleni) are ￿ follows.. Flnncll The Chariiy aims io have a ￿1￿Ced bud8et ai the same lime *s increasin8 ils welfare Brants in line wilh budBd. All rea5 of c051 will be examined and kept wiihin bud8ei. providing the s10ndards of care and supp￿ are jeopardised. Quanerly management rwns will be subiea h) close considemion by the Chief Execuiive and ihe Tntsiees.

THF. DRINl¥.S TRI,'ST {formrrfv 'THF. M"INF. A￿"D SPIRIT TRADF.S' BF.NEN'OI.ENT SOCIETY,) {C•mp#ni" limiled bi. %￿1￿￿1¢t TRUSTF.F.S' RF.PORT (¢on¢lnued) YEAR ENDED 31ST DECETrIBER 21120 I)BJECYIN'E> & ACTITr'ITIES (contimued Weifr¢ Thc obj¢ctive of Thc Drinks TnLrf Iformerly Th¢ Benevolentl is to i￿[¢2$¢ the nwnbcr of bcn¢fi¢iari¢s by acliv¢ly 5eekin¥ lo find those in need are eli¥ible fof SUPlX)rt. This is achieved by a Susthined awareness-r¥Lsinu c¥Jnpai¥n Londuiled wiihin the UK drinks industy. The planned b￿lse1 for welfare Wdnl& should be Lvnsidered Js the mÈnifflum mount tu be gi%'en by The Ihinks TnLSt (formerly The Benevolentl and the budget will not ￿ Lonsidered a restrainl 011 wellare. pr￿￿iding The Drinks TTh￿1 Ifonn¢rly Th¢ Ben¢voi¢ntl is abl¢ io affiKd io Incr¢￿ lh¢ l¢v¢l of welfllre from its r¢s¢rv¢s. if rM)t trom rurr¢nl t￿0￿. In putsuinB its objeeiives the charity's aeliviiies fall In￿ three main areas: Dir¢ct CharitAbl¢ a¢iivilio.. th¢se c(￿51￿ of followin8= 81 One off grnnts or ￿(￿11¢ finJnci#l wis1￿. bi WLlllk'inB provision by wy of ¢M￿lon81. prn¢ii¢al. and ¢ourt5ellin8 É¢rvi¢es and an ¢m¢rgen¢y h¢lpli Fundraising Go%irnanr¢ Activities Prow5s in th¢K orAs for 2020 is rep)rt¢d b¢low with ￿leY8n¢ finwKid infomution in the Finanoial Siat¢m¢nt pages. DIRECT CHARITABLE Acfii'iTIES In tot41 ih¢ chyrity providcd fina￿1￿1 to over 3.597 bcncfi¢i•ri¢s in 2020. Th¢ c4s¢s of finjnciil 5uppori are lld(Icd to by wwy of ¢moiionJl sUPP)rt. prJdical hclp. courwlling scTr'ices. slccp and insoillnia tT¢?tin¢nl. miiidful drinking courses and thc helplin¢. Th¢ tturnb¢r of ￿nefICiarIeS acr055 all Yrvic¢s has Ihercforo 8ro%'n lo 4.583 anLI cases of SUp￿rt grown rapidly in th¢ pnryious 12 mwths du¢ to COVID19 d¢ma￿l and Ihc th¢ SCO￿ of support offe￿d i￿rE&s1n8. Within the tolal linancial 5UPPQrt offere& li the wmpleti(m of 2020. The Drink5 Trust had awarded a lotal of 2.598 vanous C()VIDI 9 ¥rdnts. ReKulr thArltble weir￿ Rr#thts to btnellelrles Il%lttff lth tbelr The ￿￿7] numbcr of monihlv grnnts gi&en during the year was 3fAI a55uming a regular granl paid rffl a monthly b&815 one grani. The 5thndard le%cl of grani £78 w month i￿1 in somc S￿¢1￿1 Circumsthr￿cs a higher ￿an¢ gii'cn. All new ￿￿rI¢lane5 are contjcted by the local Welfore Team befoTe J grant is mk. This cnwre¥ eligibility for the ¢h8Tity ￿.¢11 ¢he¢king income and ex￿ndit￿le and the for fInar￿141 &K$14￿c. Conw a￿1 in.ho￿$¢ re￿"1¢￿ are muilc on regular imsis ¢0 ensure Contin￿1 help is required. 12

THF. DRINl¥.S TRI,'ST Iformrrtv 'THE M"I)F. AND SPIRIT TRADF.S' BF.liEN'OI.F.NT SOCIETY,) {C•mp#ni" limiled bi. xur#ni¢e) TRUSTF.F.S' RF.PORT (¢on¢lnued) YEAR ENDED 31ST DECEIIBER 21120 DIRECT CHARITABLE ACTII'ITIES IcoDtlnutdl l)ne-off weifre %nnt5 for the Purcha￿ of goods or th¢ provlshn of support t)uring th¢ yrdr 26X (mc-off ¥rants' w¢r¢ aN￿0V•1 reWv￿tIng a total eX￿ndIt￿￿ of £l10,8fJO.58. A pNwrtLon ot" thi muunl ¥Jent on mubility ahds or IK)use &laoivrL% required beeause of serivus illnes& disability ur old ¥ge. There remained the reyuiar requests. for howelM)Id appl￿ furniture aThl IKxne rqAirs. Requests for help with funernl co￿% still exislLxI but emer¥enLy to help with fIn￿KIal crisis were signifieantly hiBlr- Lnquiries for the alM)ie Lorne via trade referral& word of TM)uth. Tr Drinks Trll￿ (formerly The Bentyrolenil website and thirs Loin¢ thruubh oryni&aiiorLS SULh SSAFA. Royal Briiith L¢giorL LitiLLYL4 Ad￿1￿ Ilurra￿ and rnJny oth¢r 14K 41byenLies and Lhariiies. In some L&sts where lar8er amounts of help ￿¥t I￿ert required this Lharity has worked with oilitt Lharilies. in partiiullw. the Wine Tra¢k STX)rts Club FoundaiiorL the LTC and Elospitality Aclion. to pro%'ide what is required. The Dnnks Tr￿st Iforn)erly The Benevolenil is able ￿ resNMKI quickly and lo take ¥LLouiiI of the S￿LIf1c ly￿ of help. whi¢h is ¢OA4hd¢r¢d most kE4wnat¢ ￿ltig The Drtnks Trud'x Ifornrfy Tr Il¢n¢vol¢ntl W¢lfar¢ Guid¢lin¢s. The pro¥151tsn of prttkl #nd emrflol iupport io thole lth neod In 2020 The Dn'nks TrLLSt iw¢4s¢d the my of wellling servitts pn>vKled to ¢wr¢ni Whd p&st ¢mploy¢¢5 of th¢ drinks and ho%pitalily indusiry wlK> in n¢¢d orp￿11¢81 and ¢M￿lon￿l supwrt. Tr5¢ n¢w 5¢Thi¢¢5 includcd lh¢ d¢lii'LYy ran UExlal¢d h¢1pl1￿ 1¢¢ from Swtwm. which pro%'id¢s ?4 IK)ur a day in th¢ monnt ¢molional and p￿lICal suprrfyrt. ¢ouns111in¥ 5mic¢ from thc onlin¢ wo¥id¢r tk Julian. otY¢rinB th¢rJpy srnsions. J rnindful drinkinB ¢our5¢ from lub StKla artd a sleep insomnia tr¢otsnthi ryogr#m from SI¢¢p4aliM. Flnnrlxl Wel￿brIn¥ 511PPOrt ts r¢dd¢nts Wc Conlinuc to sup￿1 the provi5i(¥J of life-line ¥n¥n8cm¢nts in y)m¢ ofttK twnpl(Trw5 in E￿IK)urne ￿ w¢ll J5 coniinuirtg with Welfa￿ gr￿15 and othu on-going suwM)rt ￿ all our ex-ruidents. Addltlonl Chrlitms c.lft Telei'lslDts Ilremttj In 2020 a iothl of 359 people benefined from an gth1iiion•l chuitsble Chrimmas donaiion of £78 each. aside from some L'XLLPIiLbntil LirLumstsnces where A lr8er 8rAni was appft)ved. Television Licenses were purchased on behalf of 68 benefici&ries. 'lslts from M'elfare Offlterj Following ihe outbreak of the COVID19 pandemic. home visits were no Ion8er possible. The Drinks Tn￿1 will look io develop a new serwice for home visits ltrr in 2021. FUNDRAISING Fundrai5in8 refer¥ to nll revenue wThiin8 ￿}¥111¢& No incon is rcceived from Governm￿1 or Stste fiuth. Almost all rundrdising and voluntsry inc4)me is ￿e￿Ied thT0￿￿ the drinks indu5ry. The ch&rity undertaes fundrai5in¥ xttvity. in line Nyth the FwMlrnisin8 Code of Practice 5th by Fundrdising Regulaior. to iLs 4upporter5 %ia dircct mail. tclephonc. fiJndrai5ing efvents. spn40r￿ e%'cnL4. gala dinner5 and is in linc N'iih our F.mail Markciing. Fundraising th)nations and Lega¢y Plcdgtr. which #p￿ on our w'ebsite to rea￿￿U[C 5UPPOrters of our upproach. Wc have wliric¥ in place regarding iwlncrable ￿pIC aThl treattng thnoT5 fairly. We hai'c re¢ciYed no complaints dw"Ing the ytrar regarding our fillmlraising xtiVity12019.. Nill. Wc continuc to rECCii'C Ycry IM￿rtant fiuMLs thrtHJgh coT￿e Indi%rydua] Ikjnatsons. tktalls of thoy SUp￿)rtc￿￿ a .￿h0￿M on pagc4 4 to A. Tlse donations inc￿&￿rd 5ignificantty rn 2020. with Co[￿)[alC nmbcTthip and donatson rn'cnue inLJr&%in¥ by £84?.0413 to £1.176.71 %. Ar&th"iiw¥ally. The Dn"nk% TA￿ re¢eii'ed LYFrw)rntc Ik)na¢ivrt% in sUp￿rt of CC)VID19 relu￿￿] of £639.632 and doMiiLMS in of welltting services of £%5.5112. [ThJi￿AU81 1X)natio￿% i￿re￿£d by £1 I J02 to £47.7914. 13

THF. DRINl¥.S TRI,'ST Iformrrfv 'THF. M"I)F. A￿"D SPIRIT TRADF.S' BF.NEN'OI.ENT SOCIF.TY') {C•mp#ni" limiled bi. xur#ni¢e) TRUSTF.F.S' RF.PORT (¢on¢lnued) YEAR E)TDED 31ST DECEIIBER 2020 FU%4DRAISINI: (continued As. a result of the COVID19 p8rtdemie ortly evetti able io thke Pl￿ in 2020. The Benevokni Ball. The eveni raised iotsl of £37.786. Th¢ Vinth¢rs' Wine Trnk Lwh is IMx%trd ONI fvuy furMl¢d by the VintrKrs' C(xw)ffjy with 811 ￿￿eedS ¢omirtg to The Dn'nks Trust Ifornrly The Bertevolenii. The regiooal asso¢iitiorns of th¢ WSTA Ilso ¢ontinued ￿ 6UPIKlrt The Drinks 'I'rust. GOVER￿A￿CE ACTII'ITIES McmbCr￿hiP of Ihe Board is rc%'i¢wcd by ihe Nominati￿5 ComTnilt¥Y lo cnsure cimtinuity and oppropriJt¢ levcl of cxpertise. Board m¢mbership and succesiDn plan$ for future Chairmen and TTUSte¢s a]$0 regularly r¢%'i¢wed. AC.HIF.VF.MF.NTS A%D PF.RFORIIAYCF. Thc Drinks Tru41 wa% abl¢ lo ￿￿¢¢￿￿[u]IY Incr¢&￿ Mcm1￿￿h1P arml ¢owatc w¥¢nucs signiticanily in 21)?O. and this dL%PLIL Ihc dccrL'&4C in inlcrn¥l fundr¥ising revcttucs from clcnts. which wcrc nol ablc to thk¢ plaL¢. Addiliunally. Th¢ l)rink¥ Trus1 ublc lo siBnifLcuntly incrcase th¢ numbcr ofb¢neficidrics it was ablc lo hclp. FII%AI%CIAL REI'IE A 8urpliis of L436.110 on unremrieted funds was re￿ed at year end. This was panly hitri1￿led 10 the 8ain8 in the capiial I'lllue of lh¢ ini'e5tmLni ]x)rtfolio of £1 13.620 afyj th¢ charity's aclual unrestrirt¢d nJ O￿Tatin¥ surplus before 8ain5 W'IS L322.440. In&¢sim¢nis p¢rfomkd in lin¢ w'iih ¢xp¢¢lalions during th¢ y¢ar. Larg¢ falls tn lh¢ valu¢ of in&¢stments w¢re nol¢d ¢aTly in th¢ y¢¥r ¢nd du¢ io th¢ ¢ffwts of lh¢ COVID19 P&rMkmi¢ but th¢￿ r¢coi'¢r¢d b¢for¢ th¢ y¢ar ¢nd. Income incrra5¢d significuntly from l949.￿17 in 2019 to £2.401.(h14 in 2020 85 8 rcsult of a 5L¥nifi¢anT uplift in corw)nLie donniions in 2020. Ex￿ndi¢v￿ i￿r¢￿sed froffl £1.257.4?6 in 2019 to £?.054.9¥9 du¢ TO In¢￿a￿d l¢v¢l of grnnt5 pro&idcd mairtl). related lo COVIDI 9. Thc charity d¢lii'crcd a surplus of £34().055 bcfore 8ain5. whil4t simuliancou%ly rcducing its overdcpcndcnc¢ on inv(ment drawdowms of p￿viouS yur5. Th¢ charity r¢coBnis that such co￿￿1¢ donlltions will likfly deCrCa￿ irt 20? l atNI th¢ surplus d¢ll&¢r￿ in 2020 will ￿ alloca1￿ to d¢livcring its charitsblc llcli%'ilics in 20?1 to assist in rnanaBing th¢ rontinud d¢mand fnjm b¢n¢ficiariu. Inv￿lm¢nI inconic in 2020 174.257 ¥nd w¢ would simil¥r amount in 2021. Princip•l Riskj Thc Board thc major risk5 ￿ which th¢ Charity is exp)xd. and tly ar¢: LO￿ of Revenue: a deci5iott by UK drinks e4)mpaniex kn tern11n￿e or xignifieantly lower iheir annual Lvrwr¥te partnL Thhip dvnatiun5. To mili¥¥lc this. new scrviccs ha￿e bccn intr(wJuccd. in lo *idcn ihc brLadih of busincs5 who would I(￿k io make Liirwralc dunations to il. These will bc asKesxed acr0%5 2020 and 2(121 lo c%thblish impaLt. Datrd Laplurc and usc: the charily laLk&' infonnalion and data to outcomes of iniliativcs. boih lundrdisinu und giving. New systcrns are to Intr￿lUC¢d to aulomalc data gJthcrin8 and ¢arcfully mea5urc oulcomc5. by tlic cnd 2021 the ch¥rity will hai'e Llrdrer &'isibility of IM)th fundrdi%ing arml ¥rdnt ¥ivin8 dethils. C'larity of ubjcclives: irt order 10 deliyer ekar obiertives. priorilies or plan5, 8 full strdieBy review wL$ undertaken in ?019. and k¢y priorilics clurly ¢5tablish¢d. Ncw Servic￿ IKing intr(Klu0￿ a¢ross 20?0 and 2021 and as5¢ssm¢nts r takc up undertaken at the end of each yw to establish what impact new 5er¥ices have had on I￿nefIcIa￿e% and lundrdisins. C'()VID19.. There rtmains coniinued uncertainly in the UK drinks Sttior lo the immediatL' ￿1￿ lon¥.ieTTn effLLI of C'()VID I g. The charily has cca￿d all dra￿'th)￿lL% froTn ils intrcstmcnts and dc¥pilc the dcprcciation vf the fund the charity has u vcry slTong balancc 5hect wilh large invvitmcnt and cash balancvi. Si¥nificanl have bccn iknnatcd in the yw lo Junc 2020 ¥nd carclul ￿£S￿￿￿1 vf wnts is being in OTdcr io deliver maximurn and atlvrdable impaLt. 14

THF. DRINl¥.S TRI,'ST {formf rh THE W'INE AND SPIRIT TRADF.S' BF.liEN'OI.F.NT SOCIF.TY') ICompn¥ 1Smited KuArn¢ee) TRUSTF.F.S' RF.PORT (¢on¢lnued) YEAR ENDED 31ST DECEIIBER 21120 Reserves Pollry Th¢ L"harity's principal a¢tivity is the ￿0visIoN of Welfa￿ wpw)rt for wnncded with th¢ drinks and a￿l[lary trad¢￿ and provision of monihly and onc-OtT ¢harithl¢ granLs to ihos¢ in n¢¢d. Th¢ incoin¢ ¥¢nLrdlLd friTrm invL'.%tmenL% 1% a ￿.1￿1 Loniinuing of incomc. and also pro%'id¢h' wm¢ long¢r-t¢rn? Kyurity in th¢ rno%t cxtrein¢ ¢u that fundrJisin¥ may ce¥se or be dramatically rtduLed. The investment FM)rtfolio is treated as part ofihe 8entr¥l fund. and in extreme situation uf no fundraisin￿ being wssible. these resffV¢S would b¢ used to allow the charily to continue its bli¥aliuns to ils ￿ntrILlar1es until such fundraisin￿ is resurncd. lii%'en Ihe TXTrSiti&e mornenlum of a￿arents5 and help to lh¢ eharity. ¢XiSiing and new drinks Companies in ihe UK dgfLln￿ lo supp)rt thi ¢harity with kmnual donalion& a￿1 thc high regard in which lh¢ charity is h¢ld. lh¢ rilks of ihc charity ex￿rIenC1￿B SI8ttLfie&nily r¢dueed itheom¢ from futhisin8 in the n¢r fulure. 1$ stsied klKTr%'e. is re¥trded as low. At 31" December 2020 unrestrici¢d f￿￿5 amount¢d 10 £5.767.458 of which £5.301.891 is r¢pr¢seni¢d by lh¢ investment rtfolio £3.185 by IAnBible fjxed assets.. As th¢ inv¢sim¢nl Bsscls ar¢ held 10 proNid¢ a re¥ular incom¢ for ih¢ C-liJrily. lh¢ irnsltts wnsider that th¢ Charity's fr¢¢ r¢sm'¢s ar¢ th¢r¢for¢ £462.382. Th¢ charity ¢urr¢nily r¢r¢iv¢s 5i¥nificdni Loniribulion to 115 working capiial from lh¢ ithve51meni prtfolio. Given the 1055e5 lrtcurrcd wilh the inve51ineni ￿￿(￿110 in 2018 and a8ain in early 2020 a r¢5uIi of COVID19. Ihe Truslces ha%e (ca￿d w'iihdrdwals in ?021 and in lighi of this intend io r¢vi¢w th¢ r¢s¢rv¢s p)li¢y of th¢ charity Ln 20?1 and set a l&rgei for frce rescThes 80inB forward5 as d¢fined thv¢. Colng Con¢¢rth Th¢ Tru51¢¢5 hav¢ 4$5¢xs¢d the prin¢ipal risks WMI rom1u￿￿1 • svitable r¢5¢rY¢s Nyli¢y 45 5t•i¢d abov¢. Th¢y ar¢ 5all5f1￿ Ihal th¢ ¢haritabl¢ ¢ompAny hos od¢qual¢ r¢s(wrffs to coniinuc • going cottcem. IN1'EST￿lENT POW'ER& POLICY AYD PERFOR%IAYCE Per Ihc Memornndum ind Artic1¢5 of Aswciltion. th¢ Trn3t¢¢5 have the KM)w¢r tQ IllV¢5t the money of Thc t)n'nks Trust Ilornierly Th¢ B¢ne￿.07CntI a% th¢y fit sybj¢ct to the wndilion5 rryylr￿ by law. Th¢ Trust¢￿ In¥￿t￿lent Acl 20 th¢refor¢ applies. Th¢ Drinks Twst Iform¢rly Th¢ Benevolenll wse5 Credit Suiw IUKI as its investThKnt advisers and ha4 a¥rc¢d. in wrilinby. an invc5trncnt pTrlicy w'ith Ihis adviscr. which stalcs thc limits and rc%1riction5 and in%'cstTncnl objcctiycs. Thi% p(TrliLy is rcvicwcd on a rc¥ular ba51$ by thc Invcstmcnts C"ommittcc. AsSCts may bc invvDtcd in %tock%. %harc%. unils in LollLXti%c invcslmcnt ￿he￿C5. (ioi'cmmcnt sccuritics. dcbcnturcs. loan 5t(xk$. IxTrnds bul nol oplion&. futurc% or LonlrdLI.% for dit7cTcnLC%. No ini'cstmcnl is tKriiiittcd on an cxchan8c. which not bccn rccogniscd VT dc%iBn¥tcd by Lh¢ Sccurilics and Inv￿lmCnt B(w&s. without thc writlcn in4tnKtiOll5 of Thc Drink¥ TTU%t Iforncrly Thc Bcnc%'olcntl . In a¥rttirtg the investment Obje￿1v￿ The Drinks Trnsl {fombtrly The Bcnevolertii hts *1 a thryei ￿ be ttchieved. as well IhL balkLnLc bL'IwLcn L41Pltal and It￿￿mr. Thc mix bclwccn UK at%1 intcrnulional c4Uit> Lxpu%ufL has ulso bcen dufLxd. ValuJtion5 of ihc invcstmcnl IM)rtfolio will bc carcfully monitorcd and will k ￿nI to Thc Drinks Trusl IformLrly Thc BL'ncvvlcntl Lvcry 3 Tfminihs. Thc ￿fo￿nanLr of thc iii%'cs¢ments is mc&surcd a¥ainsl ihc ￿le&¥ni ￿.nLh￿)￿rkS and ha5 becn broadly in line with thcse. 15

THF. DRINl¥.S TRI,'ST {fonnfrfTr THE W'INE AND SPIRIT TRADF.S' BF.NEN'OI.ENT SOCIF.TY') {C•mp#ni" limiled bi. ￿￿r￿tte TRUSTF.F.S' RF.PORT (¢on¢lnued) YEAR ENDED 31ST DECEIIBER 21120 I:RA￿T P()LICY ThL Willure (irdnl guidclin¢% w¢rc revici4.ed by ih¢ TnL%t¢u to ¢n%uw ¢l¢ar crit¢ria and clarity of purrK)%¢. Ncw U1dL.lini￿ w'cr¢ J¢&(lor￿￿ and issucd in 2016 rdu¢in¥ th¢ Working t¢nure r¢quirryl from ￿teni￿al b¢nLfJ¢iari¢s in ihc UK drinks trdde from 5 yt¥rs 10 2 years. or 2￿1￿ on a wn's working life if young. In all Lases. the ¢ligibility of pro4Ctive benef￿larI¢S is established in lir with th¢ Arti¢l¢A of Associaiion. In many ben¢ficiaries are uf FKnsionable age and arc in relircTrnt. IM)w¢&er The Drinks Trust Ifonnerly The Ekne¥ulenll is inLreasinyly h¢lpin¥ thox¢ within ¢urr¢nl wurkpla¢'¢ thai financial h¢lp w¢ll as prnctilul and ¢molional suppon. Poieniihl benefieiAries are coniaeied before a Tegular ehtritsbk donation is oifered io assess iheir nttds and eli¥ibilily. In ddiiion. ben¢fJLiari¢s are normally Cont￿led at leasl once a y¢ar by th¢ Welfare Offic¢r5 lo ¢nsurc their cirLumslanLts remain unchanged. u'ruRE PLAYS .4trte%y nd Bthjltteiy Platt Thc %lTalcbY TCVLCW prC￿ntcd in March of 20?0 was 5ucccssfully implcmcnlcd throu8houl ihc rc￿￿1nder ol- Ihc ￿me ycar. All scl out in ihai documcnl wcrc achicvcd. cxcw for thc dn'clopmcnl of ihc chaTily s c%'cnl.¥ pr{Tr￿rum. which cJnccllcd a rc4uli of thc pandcmic. A furthu uplat¢ strdlc¥y rci'icw dcli&crcd in Fcbrudry ?11?1. whiLh %ct out bioal% to dclii'cr sm'icu and r¢5cnu￿ ovu th¢ volumv achic%'cd in 2019. alihoubyh low'cr than tIm￿'c of ?Q?11. Thi% 4lrdt¢gy ￿¢4)￿￿nI4¢% thc distinct ¢ircUrn$t2r￿¢s crcatd by th¢ C'()VID19 parKkmi¢ ¥nd Qui plan4 to bvn?w thc ch¥Tity Ixyond ils ?019 pjsiliort and t￿lId ort the 11KTe￿ visibility MZMI support it rcceivcd in 7020. .%ervle A4 part of th¢ uplated ￿rategY revinv. Th¢ Drinks will I￿k to d¢liv¢r new scfviLts in 2020. Th¢se will includ¢ ki115 Und %'(Kdtional s¢f¥iLC% tur ihosc cxrKn¢nLin¥ finwyial hardship and divcrsity and in¢lusion scrvi¢v. alrnL￿ Io develop representhtLOrt iti the irtduslry. Thc charity h&$ %ct out plan% to dclivcr rcvcnuu from fundTai%ing and donations bclo' iho*< of ?020. t￿1 alx)i'c thp¥c of ?019. Thc Chariiy h&1 wlici¢4 in place Io PnACCt ¥uln¢rablc donors. No complain1& wcrc rttcii'¢d rclyiing 10 ihc Charily i fundraising activities during thc year. 16

THE DRINKS ꢀRUSꢀ (formeꢁly 'ꢂHE WꢃNE AND SPꢃꢄꢅT ꢀRAꢆESꢇ BꢈNEVOLENT SOCꢉETYꢊ) ꢋꢌꢍmpanꢎ ꢏiꢐꢑted bꢒꢓ guaꢔantee)

TRUSTꢈꢕSꢖ REPꢗRT ꢘcꢙntꢚꢛꢜꢝd)

ꢞEAR EꢟDꢈD 31ST DꢈꢌEMBER 2020

STATEMꢀNT OF TRUSTꢀꢀS' RESPOꢁSIBILꢂTIꢀS

The ꢀrusteeꢁ aꢂe ꢃꢄsponsible fꢅr ꢆrꢇpariꢈg ꢉhꢇ aꢈꢈuaꢊ ꢃepoꢋꢌ aꢈd tꢍꢇ ꢎꢏꢈancꢐaꢊ statemꢇꢈꢑs iꢈ aꢒꢓorꢔaꢈꢒe witꢍ aꢆꢆꢊiꢒaꢕlꢇ lꢠw ꢠꢡd ꢢꢣꢤulꢠꢥꢦoꢡs.

ꢸꢠvꢯ ꢯꢹꢯꢳꢥꢯd ꢺꢻ ꢼꢢꢯꢩꢠꢢꢯ tꢽꢯ finꢠꢪꢳꢭꢠl ꢰtꢠtꢯꢨꢯꢡꢥꢰ ꢭn ꢠꢳꢳoꢮdꢾꢡꢳꢯ ꢿꢦtꢽ ꢶꢡꢦꢥꢯd ꣀꢦnꢤdoꢨ Gꢯnꢯꢮꢠꢹꢹy ꣁꢳꢳꢯꢼꢥꢯd ꣁꢳꢳoꣂntꢭnꢤ ꣃꢢꢠꢳꢥꢦꢳꢯ ꢘ꣄nꢭꢥꢯd ꣀꢭnꢤdoꢨ ꣁꢳꢳounꢥꢦnꢤ ꣅtꢠꢪdꢠꢢdꢰ ꢠꢪd ꢠpꢩlꢦꢳ꣆bꢹꢯ lꢠ꣇꣈꣉ ꣊ꢡdꢯꢮ ꢳoꢨꢼꢠny ꢹꢠw thꢯ ꣋ꢢ꣌ꢰtꢯ꣍ꢰ ꢨꣂꢰꢥ ꢡot ꢠppꢢo꣎ꢯ ꢥh꣍ ꣏nꢠnꢳꢦꢠꢹ ꢰꢥꢠꢥꢯꢨ꣍ꢡꢥꢰ unꢹꢯꢰꢰ ꢥꢽ꣍y ꢠꢢꢯ ꢰa꣐ꢦꢰ꣑꣒ꢯd ꢥꢷꢠꢥ ꢥꢷꢯy ꢤꢭv꣍ ꢠ tꢮ꣓ꢯ ꢠꢡd ꣔꣕ꢦꢢ ꣖ꢦꢯꢿ o꣗ ꢥh꣍ ꢰꢥꢠt꣍ o꣘ ꢠ꣙꣚ꢠꢭꢢꢰ o꣗ ꢥh꣍ ꢳhꢠꢮꢭtꢠbꢹ꣍ ꢳoꢨꢩꢠny ꢠnd o꣗꣛hꢯ ꢢꢯꢰult ꣘oꢮ ꣐ꢽꢠ꣐ yꢯꢠꢮ꣜

꣝n pꢮꢯꢩꢠꢮꢦnꢤ ꢥhꢯꢰꢯ ꣞ꢡꢠnꢳꢦꢠꢹ ꢰꢥꢠtꢯꢨꢯꢪtꢰ, tꢽꢯ ꢂꢢꢬꢰtꢯꢯꢰ ꢠꢢꢯ ꢮꢯ꣟꣠꣠ꢦꢢꢯd ꢥo:

• ꢰꢯ꣡ꢯꢳꢥ ꢰ꣢ꢦtꢠblꢯ ꢠꢳꢳo꣣ꢡꢥꢦꢡꢤ poꢹꢦꢳꢦꢯꢰ ꢠꢡd ꢥꢷꢯn ꢠpꢼly thꢯ꣤ ꢳonꢰꢭꢰtꢯntly;

• obꢰꢯꢢ꣖ꢯ thꢯ ꢨꢯꢥꢷodꢰ ꢠꢡd pꢮꢭꢡꢳꢭꢩꢹꢯ꣥ ꢭn ꢥhꢯ ꢧꢷꢠꢮꢭtꢭꢯꢰ S꣦꣧꣨꣩꣪

• ꢨꢠkꢯ jꣂdꢤꢨꢯꢡꢥꢰ ꢠꢪd ꢠꢳꢳoꢱnꢥꢭnꢤ ꢯꢰꢥꢦꢨꢠꢥꢯꢰ ꣐ꢽꢠ꣫ ꢠꢮꢯ ꢮꢯ꣬ꢰoꢪꢠblꢯ ꢠꢡd ꢼꢮ꣭dꢯꢪt꣪

• ꢼꢢ꣍ꢼꢠꢢ꣍ tꢷ꣍ ꣮꣯nꢠnꢳꢭꢠl ꢰꢥꢠꢥ꣍ꢨ꣍ꢡtꢰ on ꢥꢽ꣍ ꢤoꢦnꢤ ꢳonꢳ꣍ꢢ꣰꣱ bꢠꢰꢭꢰ ꣲꢪl꣍ꢰꢰ ꢭt ꢦꢰ ꢭnꢠpꢼꢢoꢼꢮꢭꢠꢥ꣍ ꢥo ꢼꢢ꣍ꢰuꢨ꣍ ꢥhꢠꢥ ꢥꢷ꣍ ꢳhꢠꢢꢭꢥꢠbꢹ꣍ company wilꢀ cꢁꢂtꢃnue iꢂ bꢄsꢃꢅesꢆ.

ꢂhꢯ ꣳꢮꢱꢰꢥꢯꢯꢰ ꢠꢮꢯ ꢢꢫꢰꢼoꣴꣵꢰꢦblꢯ ꣶꣷꢮ ꣸ꢯꢯpꢭnꢤ ꢠdꢯ꣹꣢ꢠꢥꢯ ꢠꢳꢳo꣺nꢥꢦꢡꢤ ꢢꢯꢳoꢢdꢰ ꢥꢷꢠꢥ ꢠꢢꢯ ꢰ꣣꣘ꣻꢳꢦꢯnt to ꢰꢷow ꢠnd ꢯxꢼꢹꢠꢦꢡ thꢯ ꢳꢽꢠꢢꢭtꢠbl꣍ ꢳoꢨꢩꢠny꣼ꢰ tꢢꢠnꢰꢠꢳꢥꢦonꢰ ꢠnd dꢦꢰꢳ꣡oꢰꢯ ꣽꢭth ꢢ꣍ꢠꢰꣾnꢠbꢹꢯ ꢠꢳꢳuꢢꢠꢳy ꢠt ꢠny tꢭꢨꢯ ꢥꢽ꣍ ꣞nꢠꢡꢳꢦꢠꢹ ꢼoꢰꢦtꢭoꢪ oꢴ th꣍ ꢳꢽꢠꢢꢭtꢠbꢹ꣍ ꢳoꢨꢩꢠny ꢠnd ꣍ꢡꢠbl꣍ ꢭꢥ ꢥo ꢯnꢰꢱꢮ꣍ ꢥhꢠꢥ thꢯ finꢠꢪꢳꢭꢠꣿ ꢰꢥꢠꢥ꣍ꢨ꣍ꢪtꢰ ꢳoꢨpꢹy ꣇ꢭꢥꢽ ꢥh꣍ ꢧoꢨꢼꢠnꢭ꣍ꢰ ꣁꢳt ꢃꢄꢄ6. ꢂh꣍y ꢠꢁ꣍ ꢠlꢰo ꢮ꣍ꢰponꢰꢦbl꣍ ꤀ꢢ ꢰꢠ꣘꣍ꢤ꣭ꢠꢢdꢦnꢤ tꢽ꣍ ꢠꢰꢰ꣍ꢥꢰ oꢴ ꢥꢽ꣍ ꢳꢽꢠꢢꢭty ꤁nd h꣍ꢪꢳ꣍ ꤂ꣷꢢ tꢠkꢦnꢤ ꢮ꣍ꢠꢰoꢪꢠbl꣍ ꢰt꣍꤃ꢰ ꣶꣷꢮ tꢷ꣍ ꢼꢢ꣍꣎꣍ꢡꢥꢭon ꢠnd d꣍t꣍ꢳtꢭon oꢴ ꣘꤄ꢠud ꢠ꤅d oꢥꢷ꣍꤆ ꢦꢮꢢ꣍ꢤꣲ꣡ꢠꢢꢦꢥꢦ꣍ꢰ꤇

So ꤈꤉ꢢ ꢠꢰ ꣍ꢠꢳh o꣘ tꢷ꣍ ꤊꤋꤌꢰꢥ꣍꣍ꢰ ꢠꢮ꣍ ꢠꢿꢠꢮ꣍ ꢠt tꢽ꣍ tꢭꢨ꣍ ꢥh꣍ ꢢ꣍ꢼoꤍꤎ ꤏꤐ ꢠꢩpꢢoꤑ꣍dꤒ

• ꢇhere ꢃꢈ ꢂꢁ reꢉevaꢊt ꢋꢌdiꢍ ꢃꢅfꢁꢎꢏaꢇꢐoꢑ oꢒ wꢓꢃcꢓ ꢇꢔe cꢓarꢃꢕꢖ'ꢗ aꢌꢘꢃtꢁꢙꢆ aꢙe ꢌꢅaꢚaꢛe; aꢜꢘ

• ꤓ tꢽ꣍ ꢂꤔꤕꢰꢥ꣍ꢯꢰ ꢷꢠꤖ꣍ ta꣸ꢯn ꢠlꢹ ꢰꢥꢯꢼꢰ ꢥꢷꢠt thꢯy ouꢤꢽꢥ to ꤗꢠꤑꢯ ꢥꢠkꢯn to ꢨꢠ꣸꣍ tꢽ꣍ꢨꢰ꣍lꤖꢯꤘ ꢠꢿꢠꢢ꣍ oꢴ ꢠꢡy ꢢ꣍ꢹ꣍ꤙꢠꢪꢥ ꢠꢱdꢦt ꢦꤚꣶꣷꤛꤜꢠtꢭon ꢠnd ꢥo ꣍ꤝtꢠbꢹꢭꢰh ꢥhꢠꢥ th꣍ ꢠudꢭꢥoꢮꢰ ꢠꢢꢯ ꢠꤞꢠꢢꢯ oꤟ ꢥꤠꢠꢥ ꢦꢡꤡ꤆ꢨꢠꢥꢭoꢡꤢ

SMALL COMPꢀNY EXꢁꢂꢃTIOꢄS

Iꢖ ꢆrꢗpꢘꢃꢙꢈꢚ ꢛꢍꢜꢝ repꢞꢟ ꢉꢠꢗ ꢡꢙreꢢꢛꢞrꢝ ꢣavꢗ ꢛakꢗꢤ aꢡꢥꢘꢤtꢘꢦꢇ ꢞꢧ ꢨꢩꢘll ꢪꢫꢩꢆꢘꢈy ꢇxꢇmꢆꢬꢜꢞꢖꢝ.

AꢅDꢆꢇORS

ꤣ ꢮꢫꤘꤤluꢥꢭon ꢮ꣍ꢠꢩpoꢭnꢥꢭnꢤ ꤥꢠyꤦꢨꢠꢳꢦnꢥyꢮ꣍ ꤧꤨꤩ wꢭꢹl b꣍ pꢢopoꢰꤪd ꢠt th꣍ ꣁ꤫꤬ ꢭn ꢠꢳꢳoꢮd꤭ꢪꢳ꣍ ꢿꢦth S485 oꢴ ꢥꢽ꣍ ꤮oꢨpꢠꢡꢭ꣍ꢰ ꣁꢳꢥ ꢈꢉꢄ6ꢊ

ꢋY ORDꢀR Oꢌ THE TRꢍSTEES

ꣁ꣉꤯ꢨꢦtꢽ

................................T. Christensen

ꤰꢠtꢯdꤱ .ꤲ꣜ꤳ꤇ꤴ.꣜꤇꤇ꢵꤴꤳꤴ.꣜꤇꤇ꤳ.ꤵꤴ.꤇ꢵꤳꤴꤶ 1st July ꢎꢏꢎ1

꣧ꢯꢤꢦꢰꢥꢯꢮꢯd o꣘꣞ꢳꢯꤷ ꤸ9 - ꤹꤺ ꤻꢯꢢꢨondꢰꢯy Stꢮꢯꢯt ꤼoꢡdoꢡ Sꤽꤾ ꤿXF

17

IYDEPLYDLPl' IIL'DII'ORS. REPOR'I. i'o'fHE .%ILIIBLR5 0 TIIL DRINK5 TRLST {formerh riiE M I%E.4%D SPIRIT TK4DES' BEIEI'OLENT SOCIETY'I IC.ompnv limilcd bTr guarn¢tt) Oplnlon Il'¢ I￿1.¢ audiled the financi•l st4i¢ments of The Drinks T￿￿ Ifonnerly 'The Wine aml Spirit Tr￿¢$ Benevolenl'l for Ihc y¢8r ¢nd¢d 31 [kY¢m￿r ?O?O which comprise ih¢ Siat¢m¢nt of Fin4mcio1 Acii%'1Tl￿. th¢ Bo14nce Sh¢¢i. Stai¢m¢nt of %h FIovm Genmlly Ac¢¢pt¢d A￿oUntIng Prncti¢e: and have been prepared in fKcordance with the requIren￿lts of the CompJnies Act 2CKkts. B#515 for oplnlom Wc conducicd Oilr audit Én accordancc with Intcrnational Standards on Audiling IUKI IISAs IUKII and arvlicahlc law. ()ur Tc%pon.%ihil1ti￿ und¢r ihosc %landard% furthcr d¢SCri￿ in th¢ AudÈtor's rc￿￿)n￿l￿l17tlc￿ for ihc uudit of thc linancial $lJicmcnL% s¢clion of our rqxTrrt. Wc ￿ ind¢￿nd¢n1 of ihc charity in ¥cordaw¢ w'iih lh¢ cihical ￿qUIrCmcnLs thol drc rcl¢vanl 10 ()ur audil of thc financial %tslcm¢nts in th¢ UK. including thc FR("% Eihi¢al Standard. and M'¢ havc luifill¢d ()ur t)Ih¢r ¢ihi¢al r¢%TX)n$ibilttic% in acconlancc with thc4¢ rcquircm¢nl%. Wc bcli¢v¢ that ih¢ audit D'idcn¢¢ wc hAV¢ ob￿Ined is surrici¢ni and apwri#t¢ to ￿0VIde & basis for our q)irtiM. In audiling Ihc tinancial %ialLYncnts. wc havc concludcd that the tryste¢s' use of th¢ going Cott￿M basis of ac¢OUntin￿ i th¢ prLTdfdiiun orth¢ finllncial slat¢mcnts is approprialc. Based on the work we have wfomied. we have idetitified any maierial uncertiiniies relattrtg to ewenis or condilions that. individually or ¢ollceiivcly. mky casi signifi¢8nt doubi ott lh¢ chan.thbk Cornwdny's ability lo continue as a ¥uing cort¢¢rn for & p¢ri(xl of at least iw¢lve months fr(xn when the fuwKio1 sthtemettts are authtiria¢d for issue. Our r¢%TX)n5ibilili¢s gnd the rtsryjnsibilities of the trnsie¢s with re4￿ 10 going ¢on¢em are dexcribed in the relevoni s¢ciions of this report. Olher InformtlDn TIIL tru.¥tLY5 nr¢ r¢S￿nSible for th¢ oih¢r inf0m￿tion. The oiher inforniation ¢ompris¢s lh¢ infomiaiion in¢lud¢d in ihe TnJ5t¢¢s R¢pirt. Our opinion on th¢ finllncial ￿al¢M¢n(S d(s not oover th¢ oth¢r infommiion and. ¢xc¢pt lo th¢ ¢xt¢ni oih¢rwis¢ ¢xpli¢iily stated in rep￿. we do exprtss ony fomi of •5surnn¢e uJn¢lusion ihereort. In ¢onncciion w'ith our audii of ihe finart¢il sthi¢m¢nt& our re5KKynsibility L5 10 r¢ad Ihe oiher inforn)ation and. in doing -50. considcr hcther thc oiher infomiatioth is malcrially Ènronsislent wilh th¢ financial stlltcmcnt5 or our know'lcds¢ obtaiTr¢d in th¢ audit or oihcTWiS¢ ￿p￿aT5 to b¢ matcrially mi&s¢at￿. If w¢ id¢ntify such inat¢riul in¢onsist¢nci¢s or llppar¢nl tnat¢rial mis%talcm¢nts. we arc rryulr￿ to d¢t¢rmin¢ w'h¢ih¢r lh¢￿ is J malcrial rnisstat¢Tncnt in lh¢ flnancial 5tal¢mcrhts or & mal¢r1￿1] tnisstat¢m¢nl of thc Oth￿ informalion. If, bascd on th¢ work we perform￿. w¢ conclude thal thcrc is a matcrial mi&statemcnt of this Other infoTll￿tlQn. wr are requircd to re￿rt that fxt. Wc havc nothing to rC￿rt in thi$ rcgard. ()pinionJ other mtters preJcribed bv the Ari 2￿6 In our Dpinion. ba￿d thc work undertakcn in thc Cour￿ of th¢ audit.. Ihe inlormalii)n ¥iven in the TnL%le¢s' Re￿1 (which in¢orFKJratrs th¢ Dirfftors. ReEK)rt prepared for the puryJose.% of cornpany law'l for the fina￿la1 year for which th¢ financial 5talem¢nt% are prepared 15 ¢on5Lsl¢nt 'ith the financidl %thtements: aTKI the TTu%iee%' R¢tK)n Iwhi¢h inwryxyatrs the Directors. Rew)rt prepared fw the puryK)%es of wmpany lawl h&$ been Prepared in ac¢oTdan¢e with aNJli¢able legal requirements. M8tters on are reqll1r￿ ID report bi. ¢xcepthiD In the libiht of ihc knowledge und undcrstsnding of the &proup and Pl￿ent ¢h￿tsb1¢ company und ils cn%'in)nm¢nt brained in the Lourse of th¢ awdi¢ M'e ha%"e not id¢ntifJd maiuidl mi￿SLI[¢m¢￿ts in th¢ Trus-t¢ts Rcwrt IM.hiLh inLorpordtes thc DireLiors' RetM)rt). 18

1ryDF.PF.YDF.￿T AITDITQRS. RF.PnRT TO THF. NIF.NIBF.RS OF THF. DRINl¥.S TRI,'ST Iformf rlTr 'THF. M'INF. ,IND SPIRIT TR,IDF.S' BF.%EN'OI.F.YT SOCIF.TY'I Itontlnued) {Comp8nv IlmS¢ed bv %uraniee> We have nothing lo report in resp￿1 of the following rnattev5 in rela¢ion lo whi¢h ihe Companies Aci 2(KJ6 require5 U5 10 rctM)rt lo you if. in our opinion.. ailequate accounting record5 have noi been kq>¢ by the charitable company.. or Ihe chariiable company financial siaiemenis are noi in a8reement with ihe accouniin8 records and renThs; or LertAin ijisclosurts ofTrnsiees' remunerniion S￿lfIed by law are inade. or w¢ have not r¢¢¢IV￿ all the inf0m￿li￿n and expl￿allOnS we rwuir¢ for our audit Ihe Trusiees were enliiled to prepare the fina￿la1 5¢aiements in a¢conlan¢e with the small companies. ime and lake advanth8e of the small compwiies. exemptions in preparing the Tntsiees. re￿rt and Irom the requirement to prq￿￿ a stra8ic rewL Rt5ponslblllile5 of irnstee5 for the IIN#nel•l $i#¢ements A% explained murc lully in the trw%tec4' reS￿)nSIbIlI11¢% stsiemcni srt out on pmgc 17. the iru.4lcc% IwlxTr arL' al>(? Ihe dir￿1()rn i)r ihc Lhariiable wmpany for the pur￿5¢ of company lawl are res￿￿￿•b]e fur the preparaiiffl ol'ihc fIn￿(la] sliilcmcntx and lor bein¥ ￿17%11￿ that they ￿1￿.¢ u Ift￿ and fair Yiew. and for such intem411 conirol ihc iru4ice8 dclcminL 14 llcL Th5ary ￿ elldblc ihc prepar￿lon of fin￿(la1 5th￿Ments that arc frL from malcna] Mi&sta￿ent. whcihtt duc lo Irllud or crror. In prepfiring the finw)Lial the MIS￿¢$ ITC Tts{￿S1bLe for asye¥sing the charithble company'y ttbiliiy io LtslliinuL gp(Trin¥ l￿n¢¢￿L dix1vs1n￿ 85 appIiLable. nutter5 rela￿j 10 ¥ving LLillLem using thL ¥uin&J LxillLLm bdSIS vf aLL(Truniin¥ urtlL%% thL ¢nj5￿ either inierMI io liquida the chan.thle compAny OT io C¢￿ operations, or have no rL'ali%liL uIILrn4LIii'L bul IL) do w. Audltfjr's r￿PonSIbIlI11¢S for iht audli of ihe flnncll slalemtTrls l)ur objeiiiith lire lu ubiain reiiwll41ble Js>uranie aEK)ul heih¢T the finarKial sthiements gs a whole gre free from maiLYial mibsi4iemeni. whdher due 10 fraud iy error. I￿1 io issue an audiior's rewn ihai inLludes opinion. Rethwnable assurunLe is a high le￿e1 of assurAnce. is noi 8 guaran￿ thai an lludii Londucied in acL4)rdanLe w'iih ISAS IUKI ￿111 ulw#ys dL4eLi a m&iLrial missiaiemeni when li ex1￿￿. Mi5siaiemeni¥ can arise from fnlud or em)r and dre LtsnsidLYLd mdlLrial if. indivmlually or in the a¥w¥aie. Ily Lould rea8onably be expecied io inlluence the economic dLLisionb of U￿r% thken on ihc basis of ihese financial sthicmenis. Irregulariiies, incliidin¥ fraud. Ore i￿￿nceS of nonacompliance wilh IAWS and regulaiions. We desi8n procedures in line 'iih thur rL'sponsibil1iiL￿. oullim￿ Otrx)￿C. 10 deicci ma￿181 missiaiemenis in rests￿¢1 of irregulariiies. includin¥ fruud. The exieni io which our w￿lu[eS re capble of deain8 irre8ulariiies. includinB fraud ts th￿Iled below: Babcd on OUT undersianding of ihe chariiable company ihe environmenl in which it (ycraies. we idcnlificd ihai ihe prinLipal ri%ks 1)r nonthcompliance wilh laws and regulaiions relaied 10 ¢he usc of reMri¢icd funds in accordance ￿'Ith tnis1 la￿. and compliance wilh emplojincni law. a￿1 we considered ihe exieni ￿ w'hich nonthcompliance mighi hal'c a InaiLTioI LrrLLt on ihc financial Siaiemcnis. Il'e also Considered thosc laws and reBulaiions ihai have a direci impacl on ihe prcparaiion of th¢ financial staments s￿h as ihe Chariiy Act 2011 and the Comp￿1¢$ Act 2(K)6. We c%"oluaied managemcni's inccniivcs and optx)nuniiies for frauduleni manipulaiion of ihc financial sthicnicn lincluding Ihc risk of override of Conirolsl, and ddcrniin¢d thai ihe principal risks ￿ere related io ihe reco8niiion of income from legocics nnd donations. Audii prrKedures pKrforn)ed by the en¥a8emeni team inclth.. In5PeCting minutes of Trusiees. meetings.. R¢i'i¢wing allwalions and di￿105Urrs reloting lo reslrided fwKis- In%pcLlin¥ Ll)rrc.%rrfJndencc with r¢gulaim and tu au¢l)oriiies: Di%cu4$ion$ 'ith managcmcnt includinB COn51deration of or suspeded in51aiices of nonthcomplillnce with law5 and rcgulalion and fiaud- Evaluatlll8 managcm¢nl 5 controls designed lo prei'¢nt and det¢ct iTr¢gulariti¢s- Ideniif)'ing and tcsiin8 journals. in panicular jLwrnal eniriL% ￿1th unusual accounr combin&tions. posiin85 by unusulc l users or w'iih unubual descripiions: ReviL￿'1ng valiiaiions of in¥esimenis: and C ha1]Ln￿]n¥ ¥ssumplivns and juducmcnts made by man4tmeni in their Lyitical ￿countI1]g estimalcs. These rclatcd io prcLidliun. A further descripti￿ of our reswnsibililies for the audit of the fxnancial stsiemcnts is I￿aled on the Finuncial RqKTrrtin LounLiI's website at.. wTrvw.frc.o .uklaudil ibiliti .. This description forms part of our audiior's reTx)rt. 19

1NDF.PF.NDF.￿T AI.'DITQR.S' RF.PnRT TO THF. IIF.IIBF.RS nF THF. DRINl¥.S TRI,'ST Iformrrh"'THE M'INE AND SPIRIT TRADF.S' BENEN'OI.ENT SOCIF.TY'I (tontlnued) {Comp#ni" Ilmlted hi. %w#rnntee U%e of D￿r report Thi% re￿rt is made %(Jlely 10 th¢ ¢harithbl¢ ¢ompany's meTnbeTS. as a iM)dy. in ac¢ordance with Chapter 3 of Part 16 of the C'LTrmpanic% ALt ?IMlh. ()ur aLKlil work has becn undcrtakcn 50 thal wc might %talc to thc charilablc company's mcmbcr tho* rnalter% wc ar¢ rcquircd to slat¢ to th¢m in an Audiiof% reimjrt al￿ for no other puryjosc. To ihc lullc%l cxt¢nt nnillLxI by law.. w¢ do nol acccpt or &%sumc re%p)nsibiliiy to anyonc othcr than ihc charilabl¢ Lompany and the charitablc ¢ompany's mcmbm. L% a Ixmly. for our audii Work. for this r¢1￿. or for th¢ opinions w'c ha%,¢ f0rrnL￿. Jeremy Ileard. Senior Sthtuiory Audilor. 'or and on behalf of Huysmacintyre LLP. Sthtuw Auditors 10 Quttn Strttt Plac¢ London EC4R IAG 09 July 2021 20

THF. DRINl¥.S TRIIST {formerfv 'THE W'IIIE AYD SPIRIT TRADF.S' BF.liEN'OI.F.ThT SOCIETY,) IC.omp(Iny limited bj" guar4nt¢cl STATE.￿l￿.plT OF FIYAYCIAI. ACTII'ITIES FOR THE YEAR ENDED 31ST DECEhlBER 20211 UDrestrirted fuDd5 Restricted fundj Total 202(1 Toial 21b19 Income and eThdowmenls frnm: l)onalion% and IL¥IILle l.'undr¥isinu aLlivilits in the charity InLome from invcslmcnls 1.417.449 294.701 74.257 614.637 2.03?.O116 294.701 74.2.$7 503,774 356,100 IIY,133 1.7x6.407 614.637 2.401.044 IMg,007 xptndlithrt Coil of genertln% fumdj l.'undrdisinb'. I￿)nall0n5 and Bifis l..Ur￿￿disjn￿.. Ai11%l1i¢s cosls 224.880 17,277 224.880 7,?77 2(M).663 159.530 Chirlible #etlvltles Pru% ision of financial &ssislanc¢ to ihos¢ who worked in the drinks Ind￿lry 1.121.760 591.072 1.712.832 897.233 Tolgl ¢xpethdliur¢ .463.917 591.072 2.054.989 1257,426 N¢t inrom¢Jl¢xp¢nditur¢l brfore ￿1n• on invc5tm¢nts 322.44) 23.565 346.055 308.4191 Y¢1 on I￿}¢5¢￿¢￿ts 113.620 113.620 743,422 YET MO%'EIIEliT IN FLND5 436.110 23.565 459.675 435.¢M)3 Funds brought forward at l January 2020 5.331.348 27.742 5.359. 4.924.087 FUliD C,tRRIF.D FI)RWARD AT .II%-I' DTr.C F.NIBTr.R 21J20 E5.767.458 £51.307 £5,8 IR.765 £5.359.(rxi Thc statemertt of finanLial activilies inclth all rtd losses rt¢O8rtiyed in the year. All inLvme Hnd cxpcndilure derive from CL￿7nu1tt￿ ticlivities. Dcthi15 of comparaiive fi8urcs by fund arc disclosed in 14. The rtoies on pages 24 10 35 forni part ofthese fmancial stsmeNts. 21

THF. DRINl¥.S TRI'ST Iformrrfv 'THE W'IIIE AYD SPIRIT TRADF.S' BF.liEN'OI.F.NT SOCIF.TY' COTrIPANI" NI."IIBF.R: 27833411 (Compani. Ilmlted hi. %urnntee) B.ILANCE SHEET ATJIST DEcE￿[B￿R 2020 2020 2019 ot¢ FIXED AlkSET T¥n¥ible &45¢ti Investments 3.185 5JOI.84)1 1,701 5.2tA).3 5J05.076 5.262.091 CURREI%T ASSETS Debtors C'ash al ￿nk 83.357 464.￿3 97.692 31.541 548.260 129 ?33 CRLDII'ORS: falllnl due ￿1th1￿ ont Trer 134.571) (322341 NET CURRENT ASSETS 513.689 96.999 NET ASSETS £5.818.765 £5.359.090 Fu￿Ds R¢slri¢l¢d funds Unr¢5tridcd funds.. ￿¢￿ra[ 10 51.307 27.742 5.767.458 5.331.348 £5.818.765 £5.359.090 Thc note5 on pages 24 to 35 forni part of these rim￿111 st*temenix. Thc tinancial %lalcmcnt$ wcrc approi'cd and authoriscd for issue by Thc Board of Tn￿lceS on . dnd WLTC si8n¢d bL'low ￿ its ￿haIrby.. .l.st.Jllly . 2021 A. Smiih T. Christensert 22

THF. DRINl¥.S TRI,'ST Iformrrtv 'THE W'IIIE AYD SPIRIT TRADF.S' BF.NEN"OI.F.NT SOCIF.TY') {C•mp#ni" limiitd b). %wrant¢e CASH FI.OM' sTATE.￿lF.￿T FOR THE YEAR E￿DED JI DECE￿IBER 21120 2021 2019 C8sh IIDWS from oper•tlnR actlvliles 21K1.211 1397.327) Cash now$ frtsm Investln# eilvllles Di1'idends inlertsi PurLh&%e ul. propeny. p14th1 and equipnent PurLh&%e of inveslmenls PrtK¢¢(Is from ￿1¢ ot"inv¢stm¢nts 74.257 13.2251 12.330.608) 2.￿1.020 89.133 11.13O.366} 1.441.Y23 Nei c#Jh prnvlded btrllusedTr lth Investltht etlwliks 4?2.044 41M).690 ChJn¥¢ in cash and Lash equi%'al¢nts in ihe rryM)rtin¥ EKri C-ash and cash ¢qui%alenis ai lh¢ b¢ginnin¥ of ih¢ r¢iM)rtin8 712?55 145.314 3.363 141.951 CA5h and tyh eq￿l￿aIt￿ls 1 ihe end tsf Ihe reptsrtlttR pErlod £857.569 £145.314 NOTES TO TIIE CASFI FLO￿, STATEIIEYT 2(12D 2019 R¢tomcllltlon of nei lthcome to thet ¢sh flow from opertltt% eth.lth# NLI mL)I'LniLnl in fiitMl for Ihe rcporting tk"pmiaiion Lhar%¢s IkYriL?4¢ in d¢bior5 In¢rcas¢lldccr¢'L 4¢) in uediloT5 Inle￿51 and divid¢nd% LOW￿l￿a]n￿l on investhwnts 459.675 1.741 14.335 2.337 (74.?571 1113.6201 435.003 19.778 121.7341 189.1.131 1741.4221 Net ¢a$h provld¢d bvl(uvd) Its operitlJlR actlvltks 290.211 1397.3271 AnlvilJ of e%h Amd eih equlvlemti C'a%h dt bank and in hand C'a%h hcld wilh Inv¢sLmcnt Managemcnt 4fA.i)03 31.541 13.773 £857.569 145.314 23

THF. DRJNl¥.S TRI,'ST Iformrrfv 'THE W'IIIE AYD SPIRIT TRADF.S' BF.%EN"OI.F.YT SOCIF.TY') {C•mp#ni" limiled bi. xur#ni¢e) NOTF.S TO THF. FINANCIAI. sTATE￿lF.￿T5 FOR THE YEAR ENDED 31ST DECEhlBER 20211 ACC()LliTIYI' P()LICIES AtCOllDilnR Th¢ fLnan¢ial qlat¢rnents have been w¢paT¢d in ￿OrdanCe wilh Accounting and R¢rMJrting by C'harities= Sthtcrneni of Recommended PrdL'tice applicable io Lharilies prepariny their aLLounls in aLLordanLe Wlth ihc Statement of Re£ommended Pra￿lce for Llharithes ISORP ?0191, Iht FintLnLial Reportin¥ Standard applicable in the UK aThl Republic of Ireland IFRS I O?) and ilie L'omp¥nies Act 21MkJ. Within th¢ definili(ms of FRS 102. the chvithbl¢ company ill a public benefit eniity. b) Goln% Contern The irusitts eortsider ther¢ ￿ no mrial un¢thainii¢s abolli th¢ Chariiy's ability to eonlinue AS 801rt￿ Loncern. As a r¢suli of the signifi¢•nt th8oing wertainty ¢reAied by COVID19. man8g¢ment of The Drinks Trus1 IfomKrly Thc B¢ncvolcntl ha%.¢ providcd cvid¢nc¢ lo tn151¢¢5 to show thal lh¢ oharily coniinucs ¢0 b¢ ¥Ding concern in the f(meeabl¢ fvture. This has been evidenced thr(wgh the Sh￿￿8 of up to dote Addilionally th¢ ¢horiiy hos a ¥'¢ry strong balance shed wilh investhKni and ¢Jsh b8lan¢e$. Crltkl the¢0￿￿15￿¥ Jud%tmetJ #nd ullm#t¢s In prwing th¢s¢ ¥cwunt& manag¢nKni h&% mmk jwlgmcnL& ¢stimat¢s assumptions thal aff¢ Ihc applicalion of ihr charity s accountin8 p)licie5 arml ihc rcwrted &55Ct5. liabilitlC5. incomc and ¢XPCTKiiturc and the disrk)5urts in the xrounts. Eslimatcs and jud8crncnls arc conlinually ¢)'alualcd arc bas¢d on hislorical cxpcricnce oiher fxlim. itirhKtinB ¢XPLftations of future ¢)'ents thal arc b¢ll¢V￿ to b¢ rwonabl¢ th¢ ¢irrUmSts￿. d) Unn'.¥irii'ied]undf Thcsc fuTK15 comwise aceumulated 5urpluse5 and deficils on the General Fund. They are iNailable for use #i Ihe di.¥Lreiion of the TnL¥l￿ in furtherance of The Dn"nk% TN4t'% IliinnLYly The BenLI'(?ILnii 8eneral chwitable objectives. Re.ftrictedlund¥ These fwids are tho funds subjeci to 4)eCIf￿ festricied eondiiion% imposed by the donors. Ineome lttcome is recognised when the charity has eniiilenmii io the fund& ￿Y pttfornillnce cojmliiions gttached io ihe iiemlsl of income have been nK li is probable thai the income will be received 8nd the mouni be me&4ured reliably. Ikpnuliwij. ¥i[ts' unddunulivns kind Donations and gifts are included in full in the wi(Ml ID wbKh iw are received. Donaiions in kind are valued Ai the estim￿ed markd Yalue of the transaciion. Grunls Granis are included in the peri(MJ in which lh￿ are receivable. unless ilw rela to a specific future peri(xl in which case they are deferTd grants arc (m a rcicii.able kni5 24

THF. DRJNl¥.S TRI,'ST Iformrrfv 'THE W'IliE AYD SPIRIT TRADF.S' BF.liEN'OI.F.NT SOCIF.TY') {C•mp#ni" limiitd bi. %urant¢e NOTF.S TO THF. FI￿ANcIAl. sTATF.￿lF.I￿Ts FOR THE YEAR E￿DED JIST DECEhlBER 20211 ACC()L NTIYI. P()LIC IE¢> lcont1m￿edl Inlfftmeni Income Dd Imv¢Jtmenti Invtslment ineome is courtted for as il acenits. Inve￿men1$ are aequired in acconlthce with the wers a￿aIlable to the Trustees. Ini'eslrnenis show'n ai markel vajue. Realised and UnTealis¢d gains and losyes are included tn ihe Ststement of Financial Acli¥iIie￿. 81 Expettdltu C-haritable expendiiure represents ihe Co￿5 of fundrAisin8. housing. welfare and suppvrl cusls. It iriilude& staff costs which Are direcily attributhble io these actiiities. RcdundanLy and Icnninaliun cusL% are aLcrued in the period in which th¢ decision is and communicaled io ihe affcited employ¢elsl. Supp)rt costs ¢omryis¢ all 5ervice5 5uppld centr•lly. Identif￿ble &8 wholly tr mainly in sUP￿rt of direci chariiabte ￿r￿j$c5 and I￿l￿de an appr(wiate wiwyrtion of general O￿.erheads. Wh¢r¢ ¢os15 ¢onnoi b¢ dire¢ily ¥ttribui¢d ily h•v¢ b¢ett •110¢od io O¢1ivi¢i¢s ort th¢ b46l5 of the estimat¢ ofih¢ time s￿)1 on the rel¢v•nt fun¢tithb. C¢nir¥l Overhe￿15 ¥r¢ o11(Ka￿ io dirrt¢ ¢0sW siiiyin5 co￿5 •nd 8Trnts in iwo k¢y ¥re4s'. fundraising and charitable xtii'ilics. Th¢ basis Df th¢ all￿allOn 15 lo ¢rtsurc thal ih¢ rosts wiihiTr adminislralion relalcd to th¢ munag¢mcni of lh¢ Company'5 a5YIs. QlXrnli(Khal admin15tialion and compliance w'iih ¢OnStitytional ond ststutory r¢quir¢mciiis •r¢ 4)propriat¢ly ¥pN)rtI(￿cd wiihin ih¢s¢ ar¢J5. Goveman¢¢ c0515 Jr¢ the Costs •sWCi•t¢d with ihe Bov¢mwnc¢ mngcmcnts ￿lating ￿ ihc gcncrnl running of th¢ ¢harity. Incl￿11￿8 w5ts of slrJt¢gic planning for the longw t¢rm dcv¢lopmeni of lhe charily. Thc%c ¢osts N>w i￿l￿d￿ in ¢hun"&bl¢ ¥livIti￿ in lim with SORP IFRS10? h) Grants are recoBnis¢d in the ￿￿unIS wh¢n awarded by the TTUStee5 notified to the rwipient5. Tn%lble fixed #5sels nd depre¢ltlts# Tangiblc fixcd statcd al cost. Depreciktion is clcu]ated to wri down the eoA of to their t￿lm￿led residual values over iheir eX￿￿cd useful lives a5 follows'.- Fixtures and fittin￿ equip[x￿1 Mutor VLhiclci IT E4uipmcnt - 2￿/4 on eost - 2￿/0 on cost - 33 /• on cost Operiln8 le Owatin¥ le&4e rentsls are Char￿ io the Staiemeni of FIn￿la1 Adivilies ott a Strdight line b&sis ovtt the ierni ofthe lease. kl Penslon eosts The charithble company h&% arranged a defll￿d Contri￿110￿ pension scheme for its employtts. Contribuiions are charged to the Stsiemeni of FinwKial Activities in the yeor they became payable. 25

THF. DRJNl¥.S TRI,'ST Iformf rh THE W'IIIE AYD SPIRIT TRADF.S' BF.%EN'OI.ENT SOCIF.TY') {C•mp#ni" limiled bi. ￿￿r￿tte NOTF.S TO THF. FINANCIAI. sTATE￿lF.￿T5 FOR THE YEAR E￿DED 31ST DECEIIIBER 20211 ACC()LliTIYI' P()LIC IE¢> lcont1m￿edl FIDaD¢IAI IDslrumeDtJ Thc Charity only has finawial 1sq¢ts and financial liabilities of a kind ihat qualify a4 bLsic fin¥ncial instruments. tlasLL flnaneial instrumcnl& Including tsadt and oiher d¢btOTS and Lreditors are iniliHIIy reeo¥nistd ai tran￿¢t10n valll¢ #nd sulwwitly Meas￿ ￿ th¢iT wilemeni value. Debion Dd>tors and othu dd>ior5 #re Tccognisal ai the %¢ttl¢m¢nt amount duc after any diyowil off¢rLMI. Prepayments ar¢ valued ai lh¢ amouni prepid tt¢i or￿Y diseounts du¢. Credllorj provlslotts Cr￿1101% and provisions •re Twni5ed wlwe the Charity has 4 pre5enl obligalion r¢sultin¥ from a past ¢%eni Ihat will probably result in the trartsfer of fund5 10 g third party and ihe amount due lo seiile the obligation can be measured ￿ ¢slim￿ed r¢liably. Crcditor5 and provisions ar¢ nomully rwo8nis¢d thcir setilem¢ni amount allrf allowing for gny di5counls du¢. 26

THF. DRJNl¥.S TRI,'ST Iformrrlv 'THE W'IIIE AYD SPIRIT TRADF.S' BF.%EI'OI.EYT SOCIF.TY') {C•mp#ni" Ilmiitd bi. %urani¢e} NOTF.S TO THF. FINANCIAI. STA TEME.￿Ts (coTrtlAued) FOR THE YEAR E￿DED JIST DECEIIIBER 20211 GIL4NTS PAYABLE 202(1 2(J19 Beneficial grnnts paid to 36012019.. 3741 indi%'iduals On¢ off.Idi%r¢lionary srnnts ￿ld to 14? 1 !019.. 3981 individuals TV li¢¢n¢¢ ￿h¢M¢. Grnnts paid to 6312019.. 1501 indiyiduals COVID19 grant% paid to ?.59812019.. Nil) irmli'iduuls Oth¢r including Chri4trnaS S(KML$. ¢ouns¢lling and Iwl ￿vI 349.243 81.6311 9.745 635.632 l ?A.9XII 340.535 80.217 8.277 50.802 £1.2n5 ?46 £479.1131 Bcncficial granL4 paid to individuals to wovid¢ financial L45islznrx for gcnryal living ex￿. DI￿￿tiOnary grnnls providcd for onc off 11cTh￿ 5wh thc pu￿h￿ of larg¢ I￿￿hOld ilcms and any un¢x￿¢tCd ¢xrKnsc. ANAI.YSIS ()F TOTAI. EXPF.NDITURE Othtr e05ti 2020 Total 2019 TDtl cost5 Depreclatlon Cost DI ¥enertlnR futhdj FundrJi%inu.' tknalions and gifts FundrJisin¥.' Actii'ili¢s £05ts Chrlfble expendliure: Pn)Ni.%ion ol. linuniiul ￿l￿tance io who workcd in Ihc drinks Itml￿1ry 12%.536 96.344 17.?77 ?24.880 117.277 21MI.th63 15Y.5311 216.258 1.494.833 1.741 .712.832 897.233 Total £344.794 £1.708.454 £1.74] £2.054.989 £1.257.4?6 Dlreet Support Colts 2020 Toil 2019 Toil Grnttii Colt of gttt¢rntltsg FundraisinK.' tknaiions and ￿111$ FuNdraisin%.' Aciii itie5 COsIs Chrli*ble e%pendliure: ProNision of finllncial a55lStaw¢ io Ihos¢ who M'ork¢d in th¢ drinks Ithd￿ 63.573 117277 161.307 224.880 117277 2￿.66.1 159.530 66.485 1205246 441.101 1.712.832 897.233 Tot#1 £247.335 £1.205.246 £602.408 £2.054.989 £1.257.4?6 27

THF. DRJNl¥.S TRI,'ST Iformrrlv 'THE W'IliE AND SPIRIT TRADF.S' BF.NEN'OI.F.YT SOCIF.TY') {Comp#ni" limited bi. %urantee NOTLS'fo i"HL TrIN,INCIAL sT,￿TE￿lE1￿Ts IcoTrthiued) TrOK THE YLAR LNDLD JISI. DE(L￿lBER 20211 Ali.4LI'SIS OF TOTAL ExPE￿D1TuRE l¢ontlnlledl PrnTrlslDn of ￿￿1￿claI ¥551stgtt¢e ID ib05e ho worked In drln Ipdyslr). for i'oluntar ID¢om¢ TolHI 202 TolAI 2019 S4ppurt Costs Trnvel and subsiste￿¢ In5lLran¢¢ Mainl¢nanc¢. cl¢uning and r¢pai Prinl. post, slationcry and Iclthonc CJ¢n¢ral eX￿n￿5 ank chaT¥es interest R¢nl and raiL Salaries R¢lief,'freelanc¢ stsff Pmf¢siTrnlll fee Gov¢rnJnce costs 2.057 3.407 1.310 4.165 7.730 9.595 44.581 195.626 70.1117 81.105 20.70X 143 2.270 1.310 2.498 871 2.2 5.677 2.620 6.663 8.601 9.595 68,956 3(M.75X 7(J.It17 13.21M) 9.927 4.983 4.196 4.495 4.15 24.375 109.132 283.256 5.1.fi83 !9.393 20.708 41,416 441.101 £161J07 £60?.40X £472 ?89 io•YrR4Rct co.fts Audil StalT¢ITr5ts and oth¢r ¢xpcrL￿s ()thcr profc&%ional fees 15.000 13,Ino 13.316 13.8(M) 11,11311 3.755 £41.416 £29.393 CO￿lp.￿R.￿TRI1'F. AYALYSIS OF TOTAL F.IPF.NDITI'RF. 2019 AN,11.1'514i ()F TUTAL EXPF.Y DITL1RE ()Iher 2019 Totgl 2018 Total cost5 DepreclJthb# CoJt ol %eneriinR Fundrai%ing.' tk)nalioll% 41nd gifts Fundriii%ing." Actii'ilie% costs Chgrifgble eApendilure: ProN'i$ion of financial Lssislaw¢ lo who workcd in the drinks industy 115.680 84.983 159.530 21K).663 159.530 217.4(19 105.779 203.IM4 692.IK18 2.181 897.233 849.8(H Tot#1 £318.724 £936.521 £2.181 £1257,426 £1.173.052 Dlre¢t C05t 2019 Toll 20111 Total 1"0Sts Coit of gtnerilnR [￿nds Fundrdi%in¥.' iATrndlitlll% dnd gifts Fundrdi%in¥.' ALtii ilics LO5t5 Ch#rlfable expe￿dI1Urt. ProNision ot-tinkLnLidl &%4islance lo those who worktrj itt the dritiks ind￿ttY 51.459 159.530 21KI.663 159.530 217.469 105.779 94.317 479.831 323.085 897.233 849.804 Total £305JLK> £479.831 £472289 £1257.426 £1.173.052 28

THE DRINK.% TRUST IfonDert¥ 'THE W'II%E AYD SPIRIT TRADE.4' BENEI'OLEYT S()CIETY') {C•mpanTr Ilmlled bv guarantee NOTLS'IO I"HL TrINANCIAL STATE￿IL￿Ts IcoTrrfMued FOR THF. YF.AR F.NDF.D 31ST DF.cF.￿lftER 20211 ANAI.Y%l4¥ ()F T()TAL EXPENDITURE tontinuedl ProThision of financial assistD lo ihose ￿h0 Worked In drlnks Induslr). F¥Trdrnls1Th1 for 'oluntr Income Toil 201Y Tot#1 20111 Support Co&ls Tr¥v¢l and subsiSt¢rKe InsurllnLe Mainte￿nce. eleanin8 8Th1 r¢pai Prinl. post and slxlion¢ry Telephon¢ and fax (ienerdl ¢XFKnse Bank iharxLS and inter Rcni lind rai¢s SDliirics Profts5ional f¢¢s Go¥¢m8nr¢ costs 11.565 5.743 2.567 2.021 1.635 4.184 2.416 1.213 361 2.132 132 9.927 4.983 3.?34 962 4.495 13.954 5.281 6.871 1.639 1.043 14.34(Tr 3.621 65.IKM) 2tIO.048 32.336 ?8.933 2.363 4.156 40.625 185.1Ky3 53.683 14.698 •4.375 98.193 65.IXJO 283.?56 53.683 29,393 14.695 £323.085 £149.204 £472289 £45.1.072 GovrrRuRc¢ ro.fts Audii SiatTco51s and oth¢r expcn5es her profwionol f¢¢s 13.800 1.1138 3.755 11.850 4.832 £29.393 £?8.933 EMPLOYEES AND TRLSTEES 2020 21119 All employees wa￿¢S and 5alari¢5 Socilll security cos15 Pension coniribiitions Tem)in&lion poym¢nt 21K>.518 ?4.206 268.868 27.977 21.879 7.0 £344.794 £318.724 Avcrugc number of ¢mploytts". Wclfarc acliNiti SUp￿rt. Managcrn¢nt and administration One ernploye¢ Teceived fEmuneralion tLalling £f￿1.(M￿l or ffKJfr. £80k - £90k The key Tnan&¥emcnt pcr50nnel of thc clwity art the Chicf Exc£utivc 0￿1ccr and the Excculii'c Icam of 3 14 in 20191. A￿￿ale remuncrntiffi and bcncfit5 for the key rnanagemeni ￿nnel in 2020 wa5 £lfA).924 comparrd £23? 214 in 2019. 29

THF. DRJNl¥.S TRI,'ST Iformrrtv 'THE W'IIIE AYD SPIRIT TRADF.S' BF.NEN"OI.F.NT SOCIF.TY') {Comp#ni" limited bi. %wrantee NOTLS'fo i"HL TrIN,INCIAL ST,￿TE￿lE14Ts IcontlTruedl Tr'OK I'HE YEAR ENDED 31ST DECL,IIBER 20211 F.NIPI.OYF.FS AND TRUSTF.F.S bl Trustee5 No irnsl¢¢ r¢¢¢iv¢d r¢mun¢rdtion for s¢rni¢¢s provided thirinR the yeor. No trnsi¢¢s rff¢i%'¢d r¢imburs¢d trai¢llinR ¢X￿n5¢S durin% th¢ yw12019.. £nill. TotsLI of donatlOn5 giv¢n by Irust¢¢s in the y¢ar is £??.84012019.. £13.6501. Th¢r¢ w¢r¢ no oth¢r r¢l&t¢d party lranwtio￿ durinR th¢ year l?019.. Nil). I%ET ￿10%.EllIEYTs IY FLYDS 2112 2019 N¢1 rnovement in is st•1￿1 after ¢h•rging: D¢prc¢iotion Auditors rcmunerntion (net of VAT) Property rent•l c05ts.' Value in Kind 1.741 12.5IM) 65.(KKI 2.181 11.S(K) 65.IMM) TANC.IBI.F. FIXF.D AS.SF.TS Flxturfs & Flttln Motor I'ehicl Total Cost Ai I 51 Jkinuary 2020 Addiiions 51.026 3,225 28.688 79.714 3.225 AI 31M tkcembcr 2020 54.251 28.688 82.939 Depreelitlon Ai 151 Jllnuary 2020 CharKc for yeor 49.325 1.741 28.688 78.013 1.741 Ai 31 M December 2020 $1.(kn6 28.688 79.754 Ai .1 l %¢ t)eccmber ?020 £3.185 £3.185 AI 3 December 2019 £1.701 £1.701 FIXF.D ASSET IN1'EST￿IE￿rs Total 21120 Tot#1 2019 Market vilutlon At l 41 January 2020 Addilions DI$￿).￿a]S Nel gains 5.260.190 2.33n.t8OK 12.4n2.727) 13.62() 4.819.N i. I io.-i( 1.4.1.1.2X¥I 74J.422 At 31￿ December 2020 £5.301.¥91 £5.?lrfl.J Lo £4.360.(KJ5 £4.530.J89 30

THF. DRJNl¥.S TRI,'ST Iformrrtv 'THE W'IIIE AYD SPIRIT TRADF.S' BF.liEN"OI.F.NT SOCIF.TY') {C•mp#ni" limiled bi. xur#ni¢e) NOTF.S TO THF. FINANCIAI. sTATE.￿lF.1￿Ts IcoTht6oued) FOR THE YEAR E￿DED JIST DECEIIIBER 20211 Total 21b2• Total 201 Equili¢q and Unil TTUStq li%i¢d on UK St￿k Ex¢hange Libied slIKk exchange C&4h dewsiL4 2,01 h.?71 2.1192.954 392.066 2.354.46t 2.792.151 13.773 £5.301.XI) I £S.?tA).3 DEBTUILf> 21120 21119 Trad¢ d¥biorn OihLY debiors Prwyments ind a¢¢ru¢d irwme 60.938 42.050 924 54.7111 22.419 183.357 £Y7.692 CRF.DITORS: f#llln% due Iwlthln one )'t*r 2020 2019 TTadc creditor5 Othcr creditor5 Tax and locial s￿￿rity Accrua15 and deferred income 4.280 4.1)03 8.8x4 17,404 9.541 7.311 15.1x2 £34,571 £.1?.234 31

THF. DRJNl¥.S TRI,'ST Iformrrfv 'THE W'IIIE AYD SPIRIT TRADF.S' BF.%EN'OI.ENT SOCIETY,) {C•mp#ni" Ilmiitd bi. %urant¢e NOTF.S TO THF. FINANCIAI. sTATE￿lF.￿Ts (coTrtloued) FOR THE YEAR ENDED 31ST DECEIIIBER 20211 10. RE.¢>TRICTED FL ND Al At 31st December 21120 lttcom¢ Eipeodilure Trnnsfert 2D20 Mike MaLken7.ie fund Cvnn¢LI &5sis1 helplithe and Vinlry fund Minds malter LOVIDIY Rclief WLllbLinbTr and w¢lln L&enls fiind DI￿tr￿llY and In¢lusi C'asc Relaled 12LN) I1.2￿) 18.560 9.182 1.770 120.3301 13.¥4UI (515.U¥51 5.342 515.085 85.582 150.6171 34.965 10.1 £27.742 £614.637 591.0721 £51.307 Al Ai 3151 Deccmbcr 21119 Trnnsfe 2019 Mik¢ M¥k¢nti¢ fund R¢b¢c¢a Sion¢ T￿alMent fund Conncc¢ a551 helpline Minds m•n¢r 65 12.IrNI (J.(thi 121.1791 39.739 20.687 18.560 9.182 £65 £67.470 £I39.7931 £?7,747 This fund is uscd kn supp)rt Mikc MackcrtTie. This fund was uscd ￿ SUPKK)rt Rcb¢cca s￿n¢. M￿1¢41 tsratm¢nt until h¢r &ath in Noycmbrr 2020. Ciinni'i'f IL¥.%i.ii hi.Iplin&' re.firii'lc.dfunJ Thr%c fund% rcprcxcnt monics rcccived towards the eost eonneth tssist helpline run by the charity. This w&% fully utiliscd for this purw in thc year. Mind.¥ motler reslriL'ledluRd This ￿ran1 is fur thc cXcl￿41¥C purwsc of supixTrrtinB (irdntCC'5 aLti&itlCs lo run a ￿rvICeS uf mcnt4LI hcalth fLrs1 aid Lour￿ ￿T0￿5 Liliei Within ihc UK that will bc availablc for bartCTMlcrs io attcnd complctely frcc ufLharyc. EdLh course will be b￿ed in a dirfereni Lity in the UK io etLsure maximum exrA)sure across the UK bartendirtg community. and there will be a e8pocity of I1￿) atiendees f￿ exh session. Vinrn. These funds represent morties receii'ed iow'ards the wM)ort ofthe residents ai the Vintsy home irt E&silx)urne. This facilily was onLe om'ned by 'fhe Beneiolenl lprel'io￿S narne of Tr Drinks Trust) and subsequeni to its sale 'fhe Drinks Trusl Coniirtues 10 supix)r1 residents wkn worked iti the thirtks" and I￿sp]i&ll(Y seLiors w.lio ￿ resideni there. Support is bupplied by ￿'aY o( Lifelirte e￿￿enCY call sysm grants. u(Ilily WL%. Chrislinas hainpers aJMI ihe %ehicle thx on the Minib￿ for the home. 32

THF. DRJNl¥.S TRI,'ST Iformrrfv 'THE W'IIIE AYD SPIRIT TRADF.S' BF.%EI'OI.EYT SOCIF.TY') {C•mp#ni" limiled bi. xu*r#ni¢e) NOTF.S TO THF. FI￿A￿cIAl. sTATE￿lF.￿Ts (coTrtlAued) FOR THE YEAR ENDED 31ST DECEIIIBER 20211 10. RESTRICIED FU￿DI) Iconl.) Co¥e-relaiedJund Th¢ Ca￿ rclutcd fund r¢prwnts donations %￿lfIcallY ￿ &%sist indil'idual IKin¥ handled by Th¢ Dn'Thks TruAt. ThL".ii ar¥ rnolt oft¢n high-¢O%t whcr¢ Indi&1th￿l￿ rcquirc cxpcrt s¢rvL￿s or cquipin¢nt. und ur¢ ullcn facin¥ SI￿nifiL#n1 hurdship. mental htalih coneems or critical illness. L'OVIDIY RelielFund The L'OVIDI i) Relief Fund was up in 2020 10 d¢liv¢r (XLe4)tY grnnts of £250 to indiTr4'iduals in the drinks and hospilality SLLlurs who had losl signifKant incom¢ as a r¢sult of th¢ paThlernic. These individuals were must uft¢n madi r¥xlundkLni lo th¢ ¢10sur¢ of buhincss. or furlough. but on of an alr¢ady low s¥lary and may ha¥,¢ had de￿denIS of hardship eoncerns. lfrellKesy events.fund The Vi'¢llness Event Fund w&5 d¢ve10￿d in 2020 to mana8¢ hll thTrnalions S￿lfICallY inlejided for Th¢ Drinks Trust to Tun in EKrson or digitsl Icarning ¢v¢nts ¢o%¢ring w¢llking pwti¢¢s and s¢lf or starf iiiiprov¢m¢nl. IVvlll>eing fiind Th¢ Wcllbcing FUNI wos S¢t yp in 2020 to mwe nM)nies (knlied ￿ Cover the u>si ofihree of The Drinks Trusl'$ w¢llbLing s¢rvic¢5. They ar¢.. CounsellinB ￿1¢¢5 provid¢d by th¢ Dr Julian di¥ital coun5elling platfom. Mindful DrinkiD¥ luilion Suppli￿ by Club Sodw and Sl¢¢p & In50mnia IT￿li￿¢ni froni Sl¢cpstalioo. Thc D&1 Fund wa5 a150 5¢t up in 2020 tt> m•nw m•de with th¢ 5p¢¢ifio int¢niion of delcloping B￿al¢r diversity in drinks •nd hospitality sc£tots. 33

THF. DRJNl¥.S TRI,'ST Iformrrfv 'THE W'IIIE AYD SPIRIT TRADF.S' BF.%EN"OI.F.NT SOCIETY,) {C•mp#ni" limlitd bi. %urant¢e NOTF.S TO THF. FINANCIAI. sTATE.￿lF.1￿Ts (con￿True￿) FOR THE YEAR E￿DED JIST DECEhlBER 20211 ANALI'S1i l)F liET Alk6iEVs BETh'EEN FUYD Cxeneral funds Restrlcted Fund% Tot#1 Fundj Tangible fixed assets InwL%tmenls Curreni &%%¢L¥ Curreni liabiliiics 3.185 5.301,891 496.953 134.571) 3.185 5.301.1191 54¥.•60 lJ4.5711 51.307 £5.767.45¥ £51.307 15.111¥.765 Compartlve nalisls: lleneral Resirlcted Tr und$ To¢al Fund5 Tangible fixed assets Invelimeni Curreni 85sel C'utTeni liabiliiies 1.701 5.260.3 101.41ai 132.234) 1.701 5.260.390 1 19.233 132.2341 27.742 £5.331.348 £27,742 £5.359.090 12. OPERATIliG LEASE COfvI%IITfvIEYTS Thc ¢horily had iothl comminnents ai ihe Year￿nd under ow•lini leaseB cxpirinx follows.. 202 2019 Within l yur 2-5yea 1.817 3.887 922 486 1.1. PENSIOY co￿l￿11TMF.NTS Th¢ ihdritshlc Lompany OTKrnt¢% a d¢fincd ¢ontributions TKfL¥ion s¢h¢m¢. Th¢ &*%cLs of th¢ iih¢m¢ I￿¢ h¢ld %¢pardl¢ly Irom thi)ii of thc ¢hJriiabli company in an indqKn(l¢nily adminI￿ered fu￿1. Thc ￿nSIOn Cost ¢harK¢ rn'pr¢i¢n ¢ontribution% payable by the charity ￿ the fund amowiting to £?3.0701?019.. £21.879).

THF. DRJNl¥.S TRI,'ST IfonnfrfTr THE W'IIIE AYD SPIRIT TRADF.S' BF.%EN'OI.ENT SOCIF.TY') {C•mp#ni" limiled bi. xur#niee) NOTF.S TO THF. FINA￿cIAl. sTATF.￿lF.I￿Ts (coTrdTrued) FOR THE YEAR ENDED 31ST DECEhlBER 20211 14. ACTII'ITIF.N BY FLIYD IN PREI'I()US I'F.AR Activiiitr in boih unr¢stnid aNI resth¢tryl lund5 for the p￿viO￿ ye4r follows... UDrNtrided rwDds Restricted funds Tolal 2019 lttcome and emdowmemts frnm: IA)naiions und ILgkLLies Fundrdisinu aLII% Llits in th¢ ¢harily IncoEllL from inv¢sim¢nL% 436.304 356.1(K) 119.133 67.470 503.774 356.1(M) ¥4).133 Tot1 Ineome ettdowmenti 881.537 67.470 949.IK)7 Expendlturt ON Cosl of %erttr#iln% fufftd5 Fu￿l￿diS1llm'. tyonalions and Aifts FuNlraisinM'. ActLNitL¢5 oosls 2(Xl.663 159.530 200.663 159,530 Chrlt#ble ¢tlvltl Pro% i%ioii ol- linaniial assis1￿¢¢ ¢0 those who worf(¢d irt th¢ drinks industry 857.410 39.793 897.233 Tot1 ¢xp¢ttdltth 1.217.633 39.793 1.257.426 Nc¢ expcNlilure bcfi)re 1105s¢sVgJin5 on inve5th1ents 1336.0961 27.677 (308.4191 Yet %#ltssl{loJseJ) on Invutmen15 743.4?2 743.422 YET %IO%'F.%IENT Ili FUliDS 407.326 27.677 435.IX)3 FU￿L* brouBhi lorward at l January 2019 4.924.0?2 65 4.924,0117 FUYDS ('IlRRIF:D F()RW'ARD AT 314T DTr.CTr.IIBLR 21119 £5.331.348 £27.742 £5.359.IWO 35