Reglstered number.. 03333780
Charlty numbers.. 1061593 (England & Wales) & SC041945 (Scotland)
THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
(A company limited by guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the charity. its Trustees and advisers
Trustees. report
Independent examinerfs report
9-10
statement of flnanclal actlvltles
Balance sheet
12- 13
Notes to the financial statements
14-29

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Trustees
Desmond Cairns (appointed 24 February 2022)
David Chetwgn
Alison Davidson (resigned, resigned 24 February 20221
Crispin Edwards
John Edwards (resigned 14 December 20221
Joanna Evans
Anna Grant (appointed 24 February 2022)
Jillian Kery
Lone Beatrix Le Vay
Roy Lewis (resigned 24 February 20221
David McDonald
Kenneth Moore Iresigned 24 February 20221
Sanne-marie Roberts (resigned 24 February 20221
Andrew Shepherd
Sheila Stones
Rosemary Thompson (resigned 24 February 2022)
Peter Wood (appointed 14 December 20221
Company registered
number
03333780
Charity registered
numbers
1061593 (England & Wales) and SC041945 (Scollandl
Registered office
Jubilee House
High Street
Tisbury
Willshire
SP3 6HA
Company secretary
Lydia Porter
Chief executive officer
Sean O'Reilly
Accountants
Larking Gowen LLP
Chartered Accountants
King Street House
15 Upper King Street
Norwich
NR3 1RB
Page 1

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
{CONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Bankers
Natwest Bank PIC
21 Gentleman's Walk
Norwich
NR2 1NA
Solicitors
Knights 1759
The Bramplon
Newcastle-under-Lyme
Slaffordshire
ST5 OQW
President
Mike Brown
Page 2

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2022
The Trustees present their annual report together with the financial statements of the charity for the 1 October
2021 10 30 September 2022. The Annual report serves the purposes of both a Trustees, report and a directors,
report under company law. The Trustees confirm that the Annual report and financial statements of the
charitable company comply with the current statutory requirements, the requirements of the charitable
company's governing document and the provisions of the Statement of Recommended Practice ISORPI
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland IFRS1021 (effective 1 January 20191.
Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required
of medium and large companies under the Companies Act 2006 Istrategic Report and Directors, Report)
Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The IHBC is a company and a charity registered in England, Wales and Scotland, and exists to promote. for the
benefit of the public, the conservation of, and education and training in the conservation and preservation of
buildings, structures. areas, gardens and landscapes which are of architectural or historical value.
The IHBC'S key activities are..
setting standards for conservation practice and improving education and t￿InIng in conservation
raising the profile of conservation and promoting ils role in economic and social regeneration
supporting excellence in all aspects of conservation, whether in the identification, analysis, repair and
reuse of historic buildings or in new design in historic settings
stimulating debate on how the role of conservation should develop
organising training events and further developing the branch network to encourage the continued
exchange of information between praclilioners locally as well as nationally.
In setting objectives and planning for activities. the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a
charity IPB21'.
Achievements and performance
a. Main achievements of the charity
In the year to September 2022 the IHBC has continued its high level of activity, impact and influence across
the wide range of inte￿SIS that shape our built and historic environment, its care and ils conservation. The
ongoing impacts of the COVID-19 pandemic fluclualed rapidly over the year, complicating all activities, plans
and services, and inevitably generating major concerns for the IHBC and its Trustees.
However from the start of the calendar year, the country opened out with more confidence and we were able to
make substantial progress in adapting to the post-crisis environment. More particularly we delivered
successfully on both short-term priorities such as the highly successful Aberdeen School, as well as more
ambitious long-lerm corporate plan objectives.
Most notable there was the ongoing modernisation of
governance allied to the exploration of a petition to become a chartered professional body.
Page 3

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Achievements and performance {continued)
ANNUAL SCHOOL
The Aberdeen Sch(x)I proved to be the most challenging IHBC CPD event in our history. Its training offering
accommodated essential experimentation wlhin rapidly changing social, educational and political landscapes,
while also managing strict controls on costs. Piloting our future arrangements to simultaneously serve
combined in-person and on-line participants and programmes within large-scale public events
our new
School model - ils strategic success was confirmed by positive feedback. Internally its achievements will be
felt most strongly in future events as the lessons learned filter out.
ANNIVERSARY
The year also saw the launch of our IHBC25 programme, marking the 25th anniversary of the Inslilute's
founding in 1997. Given the operational problems arising from the pandemic's legacy, we agreed lo run that
programme from April 2022 to March 2023
our subscription year
lo make sure we had enough lime lo
underpin support for branches coming out of Covid. To maintain the IHBC'S default bottom-up approach, we
allocated part of our post-pandemic surplus for Branches to bid and propose initiatives linked lo the
anniversary, all supported by a simple and functional web resource.
BRANCH AND TRAINING SUPPORT
Mindful of the focus on Branches
wlh pressures from pandemic-recovery and opportunities in our
anniversary programme - the Board also extended capacity lo directly support Branches and our members.
As well as an extensive review and update of Branch guidance
informed by a 'Branch Re-connection Day
hosted in October 2021 Jude Wheeler was appointed as part-time consultant to support and liaise wlh
Branches. Later, when end-of-year free funds were confirmed, the Board also agreed to extend career support
for members wlh a consultant focussed on training and applications. Angharad (Annal Hart was the
successful candidate and look up her post in the following financial year. The combined impact of these
appointments on member support has been most clear in the year from October 2022.
A key role for our new Imining lead was lo extend our support for the complex issues arising from the
challenging
and, for our future credibility, essential decision lo address long-standing ambiguities in our
membership structures linked lo the lack of any assessment for our original entry level 'Affiliale' membership
category. Indeed those ambiguities were only highlighted by the extent lo which so many Affiliates had
presumed there was some professional credibility in that category, when in practice it was no more substantial
than membership of a local heritage body. The value of the decision has been confirmed in the decision by
long-standing and highly-skilled Affiliates to seek IHBC accreditation, either as Associate or Full Member, or
simply maintain IHBC recognition as Affiliate through a formal application.
ALL PARTY PARLIAMENTARY GROUP
While addressing the nuts and bolts of such legacy issues fom)ed one important thread in enhancing our
corporate and charitable credibility, another was extending further our UK-wide conservation advocacy, most
notably in the political field. Here we helped lead the first inquiry by the UK-wde, IHBC-supported and
Westminster-based All Party Parliamentary Group IAPPGI on 'Conservation, Places and People,. The Inquiry
explored 'the value of the historic environment and how it can help lo promote growth and regeneration,, and
was launched in November 2020 under the Group's first Chair Layla Moran MP. Co-ordinated by a secretariat
supported by the IHBC through our independent consultant David Blackman, the oral sessions
delayed by
the pandemic
were led by the ne￿Y elected APPG Chair James Grundy MP from October 2021. The more
recent launch of the report extended into the followng financial year, bul linked to our 25th anniversary
programme and our CREATIVE Conservation Fund. It was the first IHBC-led event in Westminsler.
Page 4

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Achievements and performance {continued)
SUMMARY
Regular activities and member support are already well recorded and reported in our ordinary communications
and news to members, such as through our IHBC NewsBlogs and web services, our digital newslellers, our
journal Context, our Yearbook and our 'Conservalion Wiki, service. Events loo play a critical role there, locally
of course, bul also
as we refine our capacity to blend events across live, recorded, in-person and digital
engagement processes
through our general meetings, evolving Council arrangements and, increasingly,
enhanced Branch communications. Highlights among our recent achievements which included..
Continued implementing of our AGM-approved IHBC Corporate Plan 2020-25, or 'CP25', programme,
from supporting the newly-elecled Board to ensuring that our work and structures evolve to reflect its
aspirations, appropriately and proportionately. As well as core regulatory activities such as our Annual
General meeting and Board meetings. this included such diverse developments as new reporting
arrangements for the Board to encouraging default 'hybrid' meetings across our activities lo enhance
member support, communication and engagement, such as that offered al the Aberdeen School's
Heritage MarketPlace Stalls
Planned and launched a strategy to mark and celebrate our 25th anniversary, to include a web hub,
dedicated funding and support, a themed issue of Context alongside other feature publications, branding
and development programmes such as an upgraded archiving strategy
Especially in the first part of the financial year, continuing recent measures lo minimise and miligale the
ongoing impacts of the pandemic, from cost control to precautionary and emergency risk management
strategies
Advanced the delivery of the pandemic-recovery stffttegy supporting for our volunteers and Branches,
integ￿tIng il with the 25th anniversary programme, IHBC25
Established under the 2020 Articles of Association our Governance Stage 2 Working group IGS2WGI to
help develop and advance a formal plan lo explore the potential and impacts of submitting a petition
for a charter
Agreed a new internal pr(yJramme of linked risk and reserve planning and management to review all our
activities under the new working environments framed by the pandemic and our new Articles
Delivered the first Annual School lo address the CPD needs of both in-person and online delegates,
planned to extend over four days and including the second stage development of the leaming-led and
virtual IHBC MarkelPlace
Piloted a new programme of guidance and support for applications to the upgraded Affiliate membership
category
Securing the first gift aid tax reclaim for the restricted charity fund, our IHBC CREATIVE Conservation
Fund, while promoting its profile through, among other aclivilies, promoting donations at free events,
arranging allocations lo linked charitable activities and advocacy including supporting and celebrating
learning through the cross-cutting Student Award programme, the Marsh Awards and the joint IHBC
-SAHGB Research Awards, as well as promoting conservation practice, standards and knowledge
transfer by supporting Annual Sch(K)l attendan
Progressed arrangements for our new Council. adapting models developed under the institute's original
constitution while also reconfiguring lo virtual platfom)s
Page 5

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Achievements and performance {continued)
Delivered the IHBC@COP26 'Helpdesk+' and linked arrangements to add an innovative heritage
presence at the global COP26, extending accessibility to the IHBC'S advocacy also with an extremely
popular suite of podcast interviews alongside more publicly-focussed developments of existing policy
and practice resources.
Supported new bottom-up member-led initiatives in the form of Working Groups, including on 'Equality,
Diversity and Inclusion,, on Inlernationalloverseas membership and services. and the Ukraine, all now
including also offers of default access to School MarketPlace stalls
Continued to support all the diverse opemtions and oversight offered through our new Board and
Council, the four national Committees and related tiers of governance. from Panels lo Working Groups
the specific achievements of which mnge from helping secure formal construction sector recognition
of IHBC accreditation through the CSCS Card process to strategic support for a new cross-sector
standard on the management of moisture in buildings,
And, across all the above. continued, enhanced and extended numerous regular operations including
regularly producing the NewsBlogs- Context,. Yearbook,. Jobs elc services., web services,. HESPR 'News
and Tender Alerts,; learning support including the CPD Circular and Events calendar,. Membership
assessment and Disciplinary oversight,. Policy and other learning support including the online Toolbox,.
various education and application support events from MATE sessions to training-focussed Council
Meetings as well as the extensive and diverse range of events networks and activities offered through
our voluntary Branch infrastructure and networks.
As a small charity the IHBC depends on the support, goodwill and dedication of its active volunteers. both in
local Branches and across all our tiers of governance.
Whether offered through our Branches, Working Groups, National offi￿ or Committees, at the Board, Counal
or across networks, the added capacity offered by volunteers at all levels of engagement lets the IHBC
continue as a c()st effective voice for our charitable objects and professional standards, offering essential
benefits lo the sector while also ￿mainIng accessible and affordable to our most financially challenged
members.
In light of all that, the IHBC'S board of trustees is delighted lo offer its special and sincere gratitude to the
many volunteers, supporters, consultants and staff who have all contributed to the vast work programme over
the year.
Financial review
a. Financial review
The gross incoming resources arising in the year amounted to £400,15712021= £374,748). Overall, the charity's
income exceeded its expenditure by £89,13612021.. £85,039). At the period end the charity had free reserves
of £317,369 {2021.. £237.1611.
Total reserves al the year end were £346,216 {2021.. £257,080) of which £8,759 were ￿strIcted(2021.. £8,482)
and £337,457 unrestricted12021.. £248,598).
Free reserves constitute unrestricted funds not represented by fixed assets. The charity s reserves are sufficient
lo maintain levels well within our reserves policy of six months of expenditure- adjusted lo three months during
the pandemic to add￿sS potential impacts on cashflow - after taking into account subscriptions received in
advance and funds held within the subsidiary.
Page 6

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Recognising the increased reserves and the uncertainties in the wider economy, the trustees continue to direct
reserves lo aid investment in growth, services and member benefits, concentrating on consolidating recent
initiatives, still with a view lo underpinning and securing growth in the IHBC.
b. Principal risks and uncertainties
The most recent risk assessment and review. carried out over the end of the previous financial year, assessed
risks including those linked to the pandemic, but did not identify any other material changes in the range of
challenges faced by the charity.
Since then we have initiated plans for an holistic review of risk, linked to an updated assessment of reserves
and fund stewardship, to help maximise returns and minimise the impacts of inflation, all tied lo the
management and distribution of funds available following the pandemic.
c. Plans for the future
Plans for the IHBC to the end of the 2022 financial year are encapsulated in our Corporate Plan 2020-25,
'CP25', approved at the IHBC'S 2020 Annual General Meeting. For the year lo come plans will focus on its
delivery.
Such plans include..
Implementing the ongoing modernisation of our govemance under our newly adopted Articles of
Association and current Corporate Plan, including supporting the Board and our new and constitutional
Council as well as exploring options, costs and benefits around any petition for a charter
Building on core income streams, including membership fees, training events and, through our trading
ami. advertisements for jobs tied lo our'Jobs etc., service
Extending support for our membership as well as the wder sector
Raising the profile of the Institute, including in research, business. advocacy and training
Developing the infrastructure and profile of our trade operations wlh IHBC Enterprises.
Structure, governance and management
a. Constitution
The Institute of Historic Building Conservation, first constituted under Articles of Association as a registered
charity on 14 March 1997, adopted new Articles of Association at ils AGM on 3 December 2020. These were
updated at a General meeting on 26 March 2021.
b. Methods of appointment or election of Trustees
The management of the charity is the respon&bility of the Trustees who are elected and co-opted under the
terms of the Articles of Association.
Page 7

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Structure, governance and management {continued)
c. Organisational structure and decisionrymaking policies
The IHBC is governed by an elected board of trustees and directors with up to 12 voting members consisting of
up to four elected officers (chair, vice-chair, IHBC secretary and treasurer) and up lo 8 trustees including 3
nominated by national branches.. Northern Ireland, Scotland and Wales.
The board is advised by a constitutional Council, which comprises the IHBC'S broadest membership, and elects
ils own chair, the IHBC'S president. Council includes representation from across all Branches, the Board and
the four national committees - Finance & Resources, Membership & Ethics, Education Training & Standards,
Policy, and Communications & Outreach - as well as other advisory and constitutional Special Interest Groups
operating variously as Working Groups. panels elc.
Council and committees are SUPFX)rted by a small national office executive team to manage operations.
alongside other operational support.
The trustees confirm that, in exercising their powers and duties, they have complied with their duly to have due
regard lo the guidance on public benefit published by the Charity Commission.
Statement of Tmstees. responsibilities
The Trustees (who are also the directors of the charity for the purposes of company lawl are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Praclice)-
Company law requires the Trustees lo prepare financial statements for each financial . Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view
of the stale of affairs of the charity and of ils incoming resources and application of resources, including ils
income and expenditure, for that period. In preparing these financial statements, the Trustees are required lo=
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting eslimales that are reasonable and prudent,.
stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any
material departures disclo*d and explained in the financial stalemenls.,
prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the
charity wll continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the charity's transactions and disclose wlh ￿aSOnable accuracy at any time the financial position of the charity
and enable them lo ensure that the financial statements comply wlh the Companies Act 2006. They are also
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Approved by order of the members of the i)oard of Trustees and signed on their behalf by..
Davld McDonald
{Chair of Trustees}
Dale..
25 April 20
Lone Beatrlx Le Vay
(Vice Chairl
Page 8

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Independent examinerfs report to the Trustees of The Institute of Historic Building
Conseryation I'the charity.)
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 30
September 2022.
Responsibilities and basis of report
As the Trustees of the charity {and its directors for the purposes of company lawl you are responsible for the
preparation of the accounts in accordance with the requirements of the Charities and Trustee Investment
{Scollandl Act 20051.the 2005 Acl'l, the Charities Accounts IS¢otlandl Regulations 2006 las amendedl I'the
2006 Accounts Regulations'l and the Companies Act 2006 {'Ihe 2006 Acl'l. You are satisfied that the acwunls
of the charity are not required by charity or company law lo be audited and have chosen instead lo have an
independent examination.
Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006
Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts
carried out under section 4411 }Icl of the 2005 Act and section 145 of the Charities Act 2011 I'the 2011 Act'l. In
carrying out my examination I have followed the requirements of Regulation 11 of the 2006 Accounts
Regulations and the Directions given by the Charity Commission under section 145151{bl of the 2011 Act.
Independent examinerfs statement
Since the charity is required by company law to prepare its accounts on an accruals basis and is registered as a
charity in Scotland your examiner must be a member of a body listed in Regulation 11121 of the 2006 Accounts
Regulations. I can confirm that l am qualified lo undertake the examination because l am a registered member
of the Institute of Chartered Acwuntants in England and Wales, which is one of the listed bodies.
I have completed my examination. l confirm that no matters have come lo my attention in connection wlh the
examination giving me cause lo believe..
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act and
Regulation 4 of the 2006 Accounts Regulations., or
the accounts do not accord wlh those records and with the accounting requirements of Regulation 8 of
the 2006 Accounts Regulations., or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part of
an independent examination., or
the accounts have not been prepared in accordance wlh the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and RepLJblic of
Ireland {FRS 102}-
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understsnding of the accounts lo be
reached.
Page 9

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2022
This report is made solely to the charity's Trustees, as a body, in accordance wth Part 4 of the Charities
(Accounts and Reports} Regulations 2008 and Regulation 11 of the Charities Acwunls IS¢ollandl Regulations
2006. My work has been undertaken so that I might slate lo the charity's Trustees those mallers l am required
lo slate to them in an Independent examinerfs report and for no other purpose. To the fullest extent permitted
by law, I do not accept or assume responsibility lo anyone other than the charity and the charity's Trustees as a
body, for my work or for this report.
Signed..
Dated.. 26 April 2023
Christopher Yeates FCA DChA
Larking Gowen LLP
Chartered Accounlanls
Notwch
Page 10

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Unrestricted
funds
2022
Restricted
funds
2022
Total
funds
2022
Total
funds
2021
Note
Income from:
Donations
Charitable activities
Other trading activities
Investments
262
320,906
5.964
71.025
2,000
2.262
320,906
5.964
71.025
4, 189
322, 755
7,090
41,314
Total income
398,157
2,000
400,157
374, 748
Expenditure on:
Raising funds
Charitable activities
6.352
302.946
6.352
304.669
4,991
284, 748
1.723
Total expendituro
309.298
1.723
311.021
289, 739
Net movement In funds
88.859
277
89.136
85,009
Reconciliation of funds..
Total funds brought forward
Nel movement in funds
248,598
88.859
8,482
277
257.080
89.136
172,071
85,009
Total funds carrled fonvard
337.457
8.759
346.216
257,080
The Statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure in the prior year was unrestricted.
The notes on pages 14 10 29 fom) part of these financial statements.
Page 11

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
BALANCE SHEET
FOR THE YEAR ENDED 30 SEPTEMBER 2022
2022
2021
Note
Fixed assets
Tangible assets
Investments
12
13
3.988
10,000
f,437
10,000
13.988
11,437
Current assets
Debtors
Cash at bank and in hand
14
441
517,588
1,209
442,677
518,029
443,886
Creditors.. amounts falling due within one
year
16
1185,8011
(f 98,243)
Net current assets
332.228
245,643
Total assets less current liabilities
346.216
257,080
Total net assets
346.216
257,080
Charity funds
Restricted funds
Unrestricted funds
17
17
8.759
337.457
8,482
248,598
Total funds
346,216
257,080
The charity was entitled to exemption from audit under sertion 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordan￿ wth
sertion 476 of Companies Act 2006.
The Trustees aekn0￿Aedge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
Page 12

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
BALANCE SHEET ICONTINUEDI
FOR THE YEAR ENDED 30 SEPTEMBER 2022
The financial statements have been prepared in accordance wth the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by..
David McDonald
{Chair of Trustees)
Dale.. 25 April 2023
The notes on pages 14 to 29 fomi part of these financial statements.
Lone Beatrix Le Vay
(Vice Chairl
Page 13

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
General information
The company is a private company limited by guarantee and incorporated in England and Wales,
registration number 03333780. The registered office is Jubilee House, High Street, Tisbury, Willshire
SP3 6HA. The members of the company are the Trustees named on page 1. In the event of the
ompany being wound up, the liability in respect of the guarantee is limited to £1 per member of the
company.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
The financial statements are presented in sterling which is the functional currency of the company
and rounded to the nearest £.
The Institute of Historic Building Conservation meets the definition of a public benefit entity under
FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless
otherwise staled in the relevant accounting policy.
2.2 Going concem
The trustees have considered the charity's position al the time of signing the financial statement and
financial forecasts.
Based on this, the Iruslees have concluded that they have a reasonable expectation that the charity
will have adequate resources to continue in operational existence for the foreseeable future, and at
least twelve months from the date of signing these financial statements. They therefore continue to
adopt the going concern basis of accounting in preparing these financial statements.
2.3 Income
Al income is recognised once the charity has entillemenl to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Income from subscriptions is recognised over the period to which it relates.
Page 14

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Accounting policies Icontinuedl
2.4 Expenditure
Expenditure is recognised On￿ there is a legal or constructive obligation to transfer economic
benefit lo a third party, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably.
Expenditure is accounted for on an accruals basis and has been induded under expense categories
that aggregate all costs for allocation lo aclivilies. The costs of each activity are made up of the
total of direct costs and shared costs, including support costs involved in undertaking each activity.
Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which
contribute to more than one activity and support costs which are not attributable to a single activity
are apportioned between those activities on a basis wnsistenl wlh the use of reSoUr￿s. Central
staff costs are allocated on the basis of time spent, and depreciation charges allocated on the
portion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for ils
charitable purposes and includes costs of all fundraising activities events and non-charilable trading.
Expenditure on charitable activities is incurred on the Charity's educational activities as well as any
associated support costs and costs relating to the governance of the charity..
All expenditure is inclusive of irrecoverable VAT.
2.5 Branch accounting
All income, expenditure, assets and liabilities relating lo branches are incorporated into these
financial statements.
2.6 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity,. this is nomially upon nolificalion of the interest paid or payable by the
institution with whom the funds are deposited.
2.7 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised al cost. After recognition, under the cost model,
tangible fixed assets are measured al cost less accumulated depreciation and any accumulated
impairment losses. All costs incurred lo bring a tangible fixed asset into its intended working
condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their eslimaled useful lives, using the straighl-line method.
Depreciation is provided on the following basis..
Office equipment
25%
Page 15

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Accounting policies Icontinuedl
2.8 Investments
Investments in subsidiaries are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at cost less impairment.
2.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade diswunts due.
2.10 Cash at bank and in hand
Cash at bank and in hand includes cash and short-lerm highly liquid investments with a short
maturity of three months or less from the dale of acquisition or opening of the deposit or similar
account.
2.11 Liabilities and provisions
Liabilities are recognised when there is an obligation al the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in selllemenl, and the
amount of the selllement Can be estimated reliably.
Liabilities are recognised at the amount that the charity anlicipales it will pay to settle the debt or the
amount il has received as advanced payments for the gcrt)ds or services it must provide.
Provisions are measured at the best estimate of the amounts required to sellle the obligation.
Where the effect of the time value of money is material, the provision is based on the present value
of those amounts, discounted al the pre-tax discount rale that reflects the risks specific lo the
liability. The unwinding of the discount is recognised in the Statement of financial activities as a
finan￿ cost.
2.12 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value wlh the exception of bank loans which are
subsequently measured al amortised cost using the effective interest method.
2.13 Pensions
The charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the charity lo the fund in respect of the year.
Page 16

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Accounting policies Icontinuedl
2.14 Fund accounting
General funds are unrestricted funds which are available for use al the discretion of the Trustees in
furtheran￿ of the general objectives of the charity and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been sel aside by the Trustees for
particular purposes. The aim and use of each designated fund is set out in the notes lo the financial
statements.
Restricted funds are funds which are lo be used in accordance ￿rith specific restrictions imposed by
donors or which have been raised by the charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes lo the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donations
Unrestricted Restricted
funds
funds
2022
2022
Total
funds
2022
Total
funds
2021
Donations
262
2,000
2,262
4, 189
Total 2021
673
3,516
4,189
Page 17

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Income from charitable activities
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Training and educational activities
Newsletter and other publications
Research project management
Other income
Subscriptions
5.930
2.577
9.234
5,930
2,577
9,234
3,590
2,239
8,884
1,734
305, 708
303.165
303,165
320.906
320,906
322, 755
Total 2021
322, 155
322, 155
Page 18

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Income from other trading activities
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Context advertising
5.964
5,964
7,090
Total 2021
7,090
7,090
Investment Income
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Payments under Gift Aid from subsidiary company
Bank interest
70.748
277
70,748
277
4f,282
32
71.025
71,025
41,314
Total 2021
41,314
47,314
Page 19

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Expenditure on raising funds
Costs of raising voluntsry income
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Publicity
6.352
6,352
4,991
Total 2021
4,997
4,991
Analysis of expenditure by activities
Adivities
undertaken
directly
2022
Support
costs
Totsl
funds
2022
Total
funds
2021
2022
Support costs
Newsletters and other publications
Research project management
Creative fund awards and prizes
Schools, conferences and events
Website costs
207,787
207,787
50,196
9,130
3,373
8,954
23,984
1,245
186,209
47,453
12,854
1,650
9, 745
25,014
f,823
50,196
9,130
3,373
8,954
23,984
1,245
Subscriptions and professional bodies
96,882
207,787
304,669
284, 748
Tot812021
98,539
186,209
284, 748
Page 20

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
Analysis of expenditure by activities {continued)
Analysis of support costs
Support
costs
2022
Total
funds
2022
Total
funds
2021
staff costs
Depreciation - owned assets
Subcontractors
133.881
2.117
19.670
14,109
1,538
4.818
8.174
1,368
4.884
17.228
133,881
2,117
19,670
14,109
1,538
4,818
8,174
1,368
4,884
17,228
119,764
950
26,220
10,539
136
224
603
offi￿ expenses
Travel expenses
Committee expenses
Branch expenses and support
Fees for professional services
Accountancy
Other costs
2,059
4,884
20,830
207,787
207,787
186,209
Total 2021
186,209
186,209
Independent examinerfs remuneration
The independent examinerfs remuneration amounts lo an independent examiner fee of £4,210 {2021
£4,090).
Page 21

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
10. Stsff costs
A part time member of staff is provided by Cathedral Communications Ltd in conjunction wlh managing
the publishing and distribution of the charity's regular publication 'Conlexl" together wlh the associated
advertising revenue. The cost of provision of the member of staff was £28,229 for the year ended 30
September 202212021.. £24,835). This cost is included within the aggregate payroll costs below..
2022
2021
Wages and salaries
Social security costs
Contribution lo defined contribution pension schemes
120,707
7,318
5,856
108,566
5,342
5,856
133,881
119,764
The average number of persons employed by the charity during the year was as follows..
2022
No.
2021
No.
Employees
No employee received remuneration amounting lo more than £60,000 in either year.
Total employee benefits of key management personnel were £67,33612021.. £54,088).
11.
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2021- £NIL).
During the year ended 30 September 2022, expenses totaling £599 were reimbursed or paid directly lo 4
Trustees (2021- £NILI. The expenses reimbursed or paid directly lo Trustees were for travel costs.
Page 22

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
12.
Tangible fixed assets
Office
equipment
Cost or valuation
At 1 October 2021
Additions
4.906
4,668
{1,852)
Disposals
At 30 September 2022
7.722
Depreciation
At 1 October 2021
Charge for the year
On disposals
3.469
1,654
{1,389)
At 30 September 2022
3.734
Net book value
At 30 September 2022
3.988
At 30 September 2021
1,437
Page 23

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
13.
Fixed asset investments
Investments
in
subsidiary
companies
Cost or valuation
At 1 October 2021
10.000
At 30 September 2022
10,000
Net book value
At 30 September 2022
10,000
At 30 September 2021
70,000
Prlnclpal subsldlarles
The followng was a subsidiary undertaking of the charity=
Name
Company
number
Reglstered offlce or prlnclpal Class of
place of business
shares
Holdlng
IHBC Enterprises Limited
06473470
Jubilee House
High Street
Tisbury
Willshire
SP3 6HA
Ordinary
The financial results of the subsidiary for the year were-
Name
Income
Expendlture
Proflt for
the year
Net assets
IHBC Enterprises Limited
133.775
59.012
74.763
86.447
Page 24

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
14. Debtors
2022
2021
Amounts owed by group undertakings
Prepayments and accrued income
441
536
673
441
f,209
15. Cash at bank
Unrestricted Restricted
funds
funds
2022
2022
Total
funds
2022
Total
funds
2021
Bank deposit accounts
Bank current accounts
447,909
7,206
62,473
1.553
7.206
449,462
14,412
62,473
381,333
7,264
54,080
Branch accounts
517,588
8.759
526,347
442,677
Total 2021
434, 195
8,482
442,677
Page 25

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
16.
Creditors: Amounts falling due within one year
2022
2021
Trade creditors
31,147
154,654
38, 739
159,504
Accruals and deferred income
185,801
198,243
2022
2021
Deferred income
Deferred income at 1 October 2021
Resources deferred during the year
Amounts released from previous periods
155,319
150,444
1155,3191
151,634
155,319
(151,634)
150,444
155,319
Deferred income represents subscriptions received in respect of future periods.
Page 26

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
17.
ststement of funds
ststement of funds - current year
Balance at
30
Transfers September
inlout
2022
Balance at 1
October
2021
Income Expenditure
Unrestricted funds
Designated funds
Creative Fund
{1,650)
7,750
6.100
General funds
General Funds
248.598
398,157
{307.6481
17,7501
331.357
Total Unrestricted funds
248,598
398,157
{309,298)
337,457
Restricted funds
Creative Fund
8.482
2,000
{1.7231
8.759
Total of funds
257.080
400,157
(311.0211
346.216
The Creative Fund was established lo fund student work. research and awards for excellen￿.
Page 27

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
17.
ststement of funds Icontinuedl
ststement of funds - prior year
8alance al
30
September
2021
Balance at
1 October
2020
Income Expenditure
Unrestricted funds
General Funds
765,455
371,232
(288,089)
248,598
Restrided funds
Creative Fund
6,616
3,516
(1,650)
8,482
Total of funds
7 72,071
374, 748
(289, 739)
257,080
18. Analysls of net assets between funds
Analysls of net assets between funds - current year
Unrestrlcted Restrlcted
funds
funds
2022
2022
Total
funds
2022
Tangible fixed assets
Fixed asset investments
3.988
10,000
509,270
{185,8011
3.988
10,000
518.029
{185.8011
Current assets
Creditors due within one year
8,759
Total
337,457
8,759
346.216
Page 28

THE INSTITUTE OF HISTORIC BUILDING CONSERVATION
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
18. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
Unrestricted
funds
2021
Restricted
funds
2027
Total
funds
2021
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
1,437
10,000
435,404
(198,243)
1,437
10,000
443,886
(198,243)
8,482
Total
248,598
8,482
257,080
19.
Penslon commltments
The company operates 8 defined contributions pension scheme. The assets of the scheme are held
separately from those of the company in an independently administered fund. The pension cost charge
represents contributions payable by the company to the fund and amounted lo £5,856 12021.. £5,856}.
Contributions lotalling £877 12021.. £8771 were payable to the fund at the balance sheet dale and are
included in creditors.
20. Related party transactlons
In the year to 30 September 2022, sales of £9,234 12021.. £8,884) were made to IHBC Enterprises
Limited. Purchases from IHBC Enterprises Limited in the year lotalled £91 12021.. £6001. The amount
due from IHBC Enterprises Ltd at 30 September 2022 was £441 {2021'. £536 due lo IHBC Enterprises
Ltd).
During the year, the subsidiary company made a payment under Gift Aid to the charity of £70.748
{2021'. £41,282).
21. Controlllng party
The company is controlled by the Council Members who are listed on page 1.
Page 29