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2022-12-31-accounts

Page
Refereace and Adrniaistrative Details
Chairsnan's
Report		 2 to 3
Report ofthe Trustees 4 to 9
Report ofthe Independent
Auditors		 id to 13
Statement ofFinancial Activities 14
Balance Sheet
Cash Plow Statement 16
Notes to the Cash Flow Statentent 17
Notes to the Financial Statements l8 to 28
Detailed Statement ofFinancial Activities 29 to 30
TRUSTEES N P Barker Managing N P Barker Managing Direcmr Direcmr
T Chri stan san Managing Director
SN Difford Publisher
ECDove Plural
AJ Hawes Managing Director (resigned 19.7.22)
G ELawrence CEO
JA Rsekhsm Spirits Merchant (resigned 19.7.22)
A L Reed Publisher (resigned 19.7.22)
M P Saunders
Managtng		 Dtrector (resigned 19.7.22)
AJ Smith Finance Dtrector
Ms JMes)can Founder &CEO
Ms LWilloughby
Director
Ms KD A Keanng Dtrector
Mrs N Forrest Director
COMPANY SECRETARY JR Carter
REGISTERED OFFICE Unit 4
Baden Place
London
SE1 1YW
REGISTERED CO M PAN Y 02783340 (England and Wales)
NUMBER
REGISTERED CHARITY 1023376
NUMBER
SENIOR STATUTORY AUDITOR Richard Weaver
AUDITORS Ha
yam ac intyre
LLP
10Queen Street Place
London
EC4R IAG
SOLICITORS Lee Bolton Monier-Williams
1 The Sanctuary
Westminster
London
SWIP3JT
IN VESTMENT ADVISORS Credit Sutsse (UK) Limited
Ftve Cabot Square
London
E144QR

fr rn I
 rZ
ZZ
2022 2021
Unrestricted Restrict Total Total
Notes funds
f.		 funds
f		 funds
f		 funds
INCOME AND ENDOWMENTS FROM
Donations
snd legacies		 2 474,511 366,727 841,238 1,140,113
Other trading activities 3 262,512 262,512 174,054
Investment
income		 4 63,023 63,023 49,849
Other income 975
Total 800,046 366,727 1,166,773 1,364,991
EXPENDITURE ON
Raising funds 5 240,735 66,218 306,953 225,328
Charitable
activities
Provision offtnsncisl assistance to those who
worked in the drinks industry 944,462 293,001 1,237,463 1,202,063
Other (33,725) 72,359 38,634 41459
1,151,472 431,578 1,583,050 1,468,650
Net gains/(losses)
on investments		 (585,588) (585,588) 434,617
NET INCOME'(EXPENDITURE) (937,014) (64,851) (1,001,865) 330,95S
Transfers between foods 19 (8,646) 8,646
Net movement
in funds		 (945,660) (56,205) (1,001,865) 330,958
RECONCILIATION
OF FUNDS
Total funds brought
forward		 5,977,650 172,072 6,149,722 5,818,764
TOTAL FUNDS CARRIED FORWARD 5,031,990 115,867 5,147,857 6,149,722
CONTINUING
OPERATIONS

~IDD ~mrr
2t22222
2022 2021
Unrestricted RestricM Total Total
Notes funds
f.		 fundsf fundsf funds
FIXEDASSETS
Tangible assets 13 3,423 3,423 3,017
lnvesunents 14 2,535,337 2,535,337 5,739,241
2,538,760 2,538,760 5,742258
CURRENT ASSETS
Debtors 15 76,511 76,511 291,851
Cash at bank and in hand 2,458,658 115,867 2,574,525 176,760
2,535,169 115,867 2,651,036 468,611
CREDITORS
Amounts
falhng due within one year		 16 (41,939) (41,939) (61,147)
NET CURRENT ASSETS 2,493,230 115,867 2,609,097 407,464
TOTAL ASSETS LESSCURRENT
LIABILITIES 5,031,990 115,867 5,147,857 6,149,722
NET ASSETS 5,031,990 115,867 5,147.857 6,149,722
FUNDS 19
Unrestricted
funds		 5.031,990 5,977,650
Restricted
funds		 115,867 172,072
TOTAL FUNDS 5,147,857 6,149,722
CASH FLOW
frhrn		 STATEMENT
1
rZ		 STATEMENT
1
rZ		 ZZ
2022 2021
8
Cash 4ows from operating activities
Cash generated
from operations		 (194,991) (564,673)
Net cash used in operating activittes (194,991) (564.673)
Cash 4ows frosn investing activities
Purchase oftangible fixed assets (2,182) (1,306)
Purchase offixed asset investments (1,593,201) (2,020,361)
Sale oftangible
fixed assets		 975
Sale ot tixed asset investments 4,211,517 2,017,627
Intetmrt received 995
Dividends
received		 252,365
Net cash provided
by investing activities		 2,617,129 249,300
Chaage in cash and cash equivaleats ia
the reporting
period		 2,422,138 (315,373)
Cash and cash equivalents nt the
begianing
ofthe reporting		 period 2 149,531 464,904
Cash nnd cash equivalents at the end of
the reporting
period		 2,571,669 149,531

OPERATTNG ACTIVITIES
2022 2021
Net (expeoditare)/income
for the reporting		 period (as per the
Statement ofFinancial Aetivibes) (1,001,865) 330,958
Adjnstments
for:
Depreciation
charges		 1,77I5 1,474
Losses/(gain)
on tnvestments		 585,588 (434,617)
Profit on disposal offixed assets (975)
Interest received (995)
Dividends
received		 (252,3I55)
Decrease/(increase)
in debtors		 215,340 (208,495)
Increase/(decrease)
in creditors		 5,165 (653)
Net cash need in operations (194,991) (564,673)
ANALYSIS OF CASH AND CASH EQUIVALENTS
2022 2021
Cash in hand (441)
Notice deposits (less than 3 months) 2,574,9I5I5 I76,760
Overdrafls
induded
in bank loans and overdrafts		 falling due within one year (2,856) (27,229)
Total cash snd cash equivalents 2,571,669 149,531
ANALYSIS OF CHANGES IN NET FUNDS
ANALYSIS OF CHANGES IN NET FUND S
At 1.1.22 Cash flow At 31.12.22
8
Net cash
Cash st bank snd in hand 176,760 2,397,765 2,574,525
Bank overdrsR (27,229) 24,373 (2,856)
149,531 2,422,138 2,571,669
Total 149,531 2,422,138 2,571,669

DONATIONS
AND LEGACIES
2022 2021
Donations 841,238 ),140,) )3
3. OTHER TRAMNG ACTIVITIES
2022 2021
f f
Fund raising
events		 262,512 174,054
4, INVESTMENT INCOM E
2022 2021
income from invmtments 62,028 49 845
Deposit account interest 995 4
63,023 49,849
5. RAISING FUNDS
Raising doaations and legacies
2022 2021
f f
Support oosts 261,171 178,478
Investment
ma nag erne at costs
2022 2021
Portfol io management 45,782 46,850
Aggregate
amounts		 306,953 225,328

Grani
f'unding
of'
activities Suppon
Direct (see note costs (see
cosh 7) note 8) Totals
Provision offinancial assistance to
thosewho worked in the dnnks
indusny 448,038 656231 133,194 1,237,463
2021 221,706 764294 216,063 1,202,063
GRANTS PAYABLE
2022 2021
Provision offinancial assistance to those who worked in the drinks industry 656,231 669,679

Inform
stion
Manage technol Governsn
ment cecosts Totals
f f.
Provision offinancia assistance to
thosewho worked in the drinks industry 72,269 1,930 58,995 133,194
2021 174,647 41,416 216,063

2022 2021
Depreciation - owned assets 1,776 1,474
Surplus on disposal offixed assets (975)

STAFFCOSTS
2022 2021
f f
Wages and salaries 374,621 337,353
Social security costs 35,809 31,172
Pension contributions 37,608 34,577
448,038 403,102
The aver age monthly num ber ofemployees
during
the year wa		 s as follows:
2022 2021
Welfare Activities 3 2
Support, management and administration 8 8
11 10
f80,001 —f90,000 21)22 2021
1
f90,001-f100,000

NOTES TO THE FINANCIAL STATEMENTS - continued
frhrn
1
rZ
ZZ		 NOTES TO THE FINANCIAL STATEMENTS - continued
frhrn
1
rZ
ZZ		 NOTES TO THE FINANCIAL STATEMENTS - continued
frhrn
1
rZ
ZZ
COMFARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restrict Total
fundsf fundsf funds
INCOME AND ENDOWMENTS FROM
itonations
and legacies		 800,857 339,255 1,140,113
Other trading activities 174,054 174,054
investment
income		 49,849 49,849
Other inde 975 975
Total 1,025,735 339,256 1,364,991
EXPENDITURE ON
Raising
funds		 217,173 8,155 225,328
C ha ritshto a sit vibes
Provision of' financial assistance to those who
worked
in the drinks industry		 991,727 210,335 1,202,053
Other 41,259 41,259
Total 1,250,159 218,491 1,468,650
Net gains on investments 434,617 434,617
NET INCOME 210,193 120,765 330,958
RECONCILIATION OF FUNDS
Total funds brought
fonvard		 5,767,457 51,307 5,818,764
TOTAL FUNDS CARRIED FORWARD 5,977,650 172,072 6,149,722

13.
frhr
TANGIBLE FIXEDASSETS
n
1		 cou
r2
ZZ
Fixture
and Motor Computer
fittings vehir. les equipment Totals
COST
At( January 2022 55,557 28,688 84445
Additions 1,285 897 2,182
D is p oasis (28,688) (28,688)
At 31 December 2022 56,842 897 57,739
DEPRECIATION
At (January 2022 52,540 28.688 81,228
Charge for year 1,552 224 1,776
Eliminated
on disposal		 (28,688) (28,688)
At 31December 2022 54,092 224 54,316
NET BOOK VALUE
At 31 December 2022 2,750 673 3,423
At 31 December 2021 3,017 3,017
14. FIXEDASSET INVESTMENTS
Listed
investments
8
MARKET VALUE
At 1 January 2022 5,739,241
Additions 1,593,201
D is p oasis (4,21(,517)
Revaluations (585,588)
At 31December 2022 2,535,337
NET BOOK VALUE
At 31 December 2022 2,535,337
At 31 December 2021 5,739,241

2022 2021
f f
Trade debtors 83,872 287,873
Other debtors 307 62
Prepayments (7,668) 3,916
76,511 291,851
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
f f
Bank loans and overdraRs (see note 17) 2,855 27,229
Trade credttors 13,943 8,841
Social security and other taxes 7,375 6,422
Pensions 2,045 1,894
Other creditors 1,041
Accrued expenses 15,720 15,720
41,939 61,147
17. LOANS
An analysts ofthe matunty ofloans is tpven below:
2022 2021
f
Amounts
fallmg		 due vnthin one year on demand:
Bank overd rails 2,856 27,229
2022 2021
Within one year 1,272 1,252
Between one and ftve years 1,353 2,535
2,635 3,887

MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.1.22 in funds funds 31.12.22
Unrestricted funds
General fund 5,977,650 (937,014) (8,646) 5,031,990
Restricted funds
Vintry fund (2,315) 2,315
Rent f'und (4,916) 4,916
Case Related fund 1,000 1,000
Energy Poverty fund 104,854 t04 854
Dis geo fund 52,259 (51,218) 1,041
Equal Measures fund 88,349 (86,635) 1,714
Champions
Fund		 1,529 (2,944) 1,415
Restore fund 28,935 (25,940) 2,995
Develop fund 4,263 4,263
172,072 (64,851) 8,646 115,867
TOTAL FUNDS 6,149,722 (1,001,865) 5,147,857
Net movement in 6nds, included in the above are as tollows:
Incoming Resources Gains snd Movement
resources expended losses in funds
8 8 8
Unrestricted funds
General
fund		 800,046 (1,151,472) (585,588) (937,014)
Restricted feeds
Vintry fund 1,145 (3,460) (2,315)
Rent fund 28,296 (33,212) (4,916)
Case Related fund 6,000 (6,000)
Energy Poverty f'und 167,753 (62,899) 104,854
Dis geo fund (51,218) (51418)
Equal Measures fund 34,832 (121,467) (86,635)
Champions
Fund		 1,396 (4,340) (2,944)
Restore fund 10,000 (35,940) (25,940)
Develop fund 117,305 (113,042) 4463
366,727 (431,578) (64,851)
TOTAL FUNDS 1,166,773 (1,583,050) (585,588) (1,001,865)

Comparatives f or movement
in funds
Net
movement At
At 1.1.21 in funds 31.12.21
Unrestricted funds
General fund 5,767,457 210,193 5,977,650
Restricted funds
Rent fund 34.965 (6,030) 28,935
Case Related fund 1,01)tj I,DDD
Dis geo f'und 52,259 52,259
Equal Measures fund 78,349 78,349
Champions
Fund		 5,342 (3,813) 1,529
Diversity and Indus ion 10,0110 10,DDD
51,307 120,765 172,072
TOTAL FUNDS 5,818,764 330,958 6,149,722
Incrnning Resources Gains snd Movement
resour~es expended losses in funds
f. f 6 6
Uarestricted funds
General
fund		 1,025,735 (1,250,1 59) 434,617 210,193
Restricted feeds
Rent fund 1,353 (7,383) (6,030)
Cme Related fimd 2,789 (2,789)
Energy Poverty fund 28,000 (28,000)
Dis geo f'und 100,000 (47,741) 52,259
Equal Measures fund 172,000 (93,651) 78,349
Champions
Fund		 35,114 (38,927) (3,813)
339,256 (218,491) 120,765
TOTAL FUNDS 1,364,991 (1,468.650) 434,617 330,958

frhrn
1		 rZ
ZZ
2022 2021
INCOME AND ENDOWMENTS
Donadons
and legacies
Donations 841,238 1,140,113
Other trading activities
Fundraising
events		 262,512 174,054
Investme
at income
Income from investmmrts 62,028 49,845
Deposit account interest 995 4
63,023 49,849
Other income
Gain on sale oftangible fixed assets 975
Totalincondng
resources		 1,166,773 1,364,991
EXPENDITItRE
Raising
do asti on s and		 legacies
Support costs 261,171 178,478
Investmeat
ma aagement		 costs
Portfolio management 45,782 46,850
Charitable
activities
Wages 448,038 403,102
Grants to individuals 656,231 669,679
1,104,269 1,072,781
Other
Rates and water 36,806 39,405
Telephone 720
Sundries 1,828 1,134
38,634 41,259
Support costs
Management
Sundries 72,269 65,783
Iaformation
technology
Repairs and renewals 1,930
Governance
costs
Accountancy
snd legal		 fees 58,995 63,499
Total resources expended 1,583,050 1,468,650
Net expenditure
before		 gains and lasses (416,277) (103,659)

frhre
I		 rZ
ZZ
2022 2021
Realised reeogntsed gains and losses
Realised gains/(losses) on fixed asset investments (585,588) 434,6)7
Net (expenditure)/Ineeme ((,00I,865) 330,958