2022-12-31-accounts - The Institute Of Quarrying

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		Page
Reference and Administrative Details ofthe Company,	its Trustees and Advisers	1-2
Trustees' Report		3- 11
Trustees' Responsibilities Statement		12
Independent Auditors' Report on the Financial Statements		13-16
Consolidated Statement ofFinancial Activities		17
Consolidated Balance Sheet		18 - 19
Company Balance Sheet		20
Consolidated Statement ofCash Flows		21
Notes to the Financial Statements		22- 56

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Note	2022 F	2022	2022f	2021 F
Income from:
Donations and legacies				355,301	17,264	372,565
Charitable activities				301,634		301,634	243,007
Other trading activities				467,288		467,288	323,926
Investments				39,679	3,696	43,375	44,011
Other income				1,349		1,349
Total income				1,165,251	20,960	1,186,211	610,944
Expenditure on:
Raising funds			8,9	83,134	1,127	84,261	31,635
Charitable activities			10	1,313,021	2,964	1,315,985	970,489
Total expenditure				1,396,155	4,091	1,400,246	1,002,124
Net gains/(losses)	on	investments		2,356	(25,208)	(22,852)	309,829
Net expenditure				(228,548)	(8,339)	(236,887)	(81,351)
Transfers between	funds		25	2,736	(2,736)
Net movement in	funds before other
recognised gains				(225,812)	(11,075)	(236,887)	(81,351)
Other recognised	gains:
Gains on revaluation		offixed assets					151,000
Net movement in	funds			(225,812)	(11,075)	(236,887)	69,649
Reconciliation of	funds:
Total funds brought	forward			3,735,576	191,069	3,926,645	3,856,996
Net movement in funds				(225,812)	(11,075)	(236,887)	69,649
Total funds carried forward				3,509,764	179,994	3,689,758	3,926,645

					2022		2021
			Note
Fixed assets
Intangible assets			15
Tangible assets			16		400,548		8,406
Investments			18		2,550,686		3,292,552
Investment property			17		475,000		475,000
					3,426,234		3,775,958
Current assets
Stocks			19	24,733		19,882
Debtors			20	97,907		75,425
Cash at bank and in	hand			510,796		295,347
				633,436		390,654
Creditors: amounts	falling due within one
year			21	(364,387)		(239,967)
Net current assets					269,049		150,687
Total assets less current liabilities					3,695,283		3,926,645
Creditors: amounts	falling due after more
than one year			22		(5,525)
Net assets excluding		pension asset			3,689,758		3,926,645
Total net assets					3,689,758		3,926,645
Charity funds
Restricted funds			25		179,994		191,069
Unrestricted funds			25		3,509,764		3,735,576
Total funds					3,689,758		3,926,645

			Note		2022f		2021f
Fixed assets
Tangible assets			16		117,852		8,406
Investments			18		2,550,686		3,292,552
Investment property			17		475,000		475,000
					3,143,538		3,775,958
Current assets
Stocks			19	10,311		19,882
Debtors			20	71,269		75,425
Cash at bank and in hand				462,034		295,347
				543,614		390,654
Creditors: amounts year	falling	due within one	21	(321,201)		(239,967)
Net current assets					222,413		150,687
Total assets less current		liabilities			3,365,951		3,926,645
Total net assets					3,365,951		3,926,645
Charity funds Restricted funds			25		167,871		191,069
Unrestricted funds			25		3,198,080		3,735,576
Total funds					3,365,951		3,926,645

				2022	2021
					6
Cash flows from operating activities
Net cash	used in operating activities			(471,629)	(471,377)
Cash flows from investing activities
Dividends,	interests and rents from investments			43,375	44,011
Purchase	oftangible fixed assets			(136,634)	(3,082)
Proceeds	from sale of investments			792,026	276,118
Purchase	of investments			(72,695)	(171,406)
Cash received on acquisition ofsubsidiary				61,006
Net cash	provided by investing activities			687,078	145,641
Change in cash and cash equivalents		in	the year	215,449	(325,736)
Cash and	cash equivalents at the beginning		ofthe year	295,347	621,083
Cash and	cash equivalents at the end	of	the year	510,796	295,347
The notes	on pages 22 to 56 form part ofthese financial statements

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2022	2022	2022	2021
					6	6
Donations
Donation	on consolidation		335,582	17,264	352,846
Donation	on acquisition	ofsubsidiaries	335,582	17,264	352,846
Donations			19,719		19,719
Subtotal			19,719		19,719
			355,301	17,264	372,565

				Unrestricted	Total
				funds	funds
				2022	2022
				6
Quarry	degree, diploma		and other course fees	210,009	210,009
Blended	training/online		CPD	48,140	48,140
Conferences		and events		13,432	13,432
Other charitable activities				1,288	1,288
Stock sales				12,800	12,800
Educational		visits and activities		7,915	7,915
Training	and	Courses		8,050	8,050
				301,634	301,634

					Unrestricted	Total
					funds	funds
					2021	2021f
Quarry	degree,		diploma	and other course fees	198,080	198,080
Blended	training/online			CPD	23,947	23,947
Conferences		and events			6,473	6,473
Other charitable			activities		250	250
Stock sales					14,257	14,257
					243,007	243,007

	Unrestricted	Total
	funds	funds
	2022	2022
	6
UK Members	349,589	349,589
Rental income	36,136	36,136
Franchise Fees	9,755	9,755
	395,480	395,480
	Unrestricted	Total
	funds	funds
	2021	2021
		6
UK Members	323,926	323,926

Unrestricted	Total	Total
funds	funds	funds
2022	2022	2021
E	E	5
71,808	71,808

		Unrestricted	Restricted	Total
		funds	funds	funds
		2022	2022f	2022
Income from listed investments		35,039	3,689	38,728
Income from unlisted	investments	4,433		4,433
Bank interest		207		214
		39,679	3,696	43,375
		Unrestricted	Restricted	Total
		funds	funds	funds
		2021	2021	2021
		8	6
Income from listed investments		41,370	2,607	43,977
Bank interest		33	1	34
		41,403	2,608	44,011

		Unrestricted	Total	Total
		funds	funds	funds
		2022	2022	2021
		6
Other	income	1,349	1,349

	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	2022	2022	2022	2021
		6		6
Rates and water	246		246
Insurance	255		255
Telephone	136		136
Repairs and maintenance	2,054		2,054
Accountancy	364		364
Other office expenditure	57		57
Volunteer expenses	505		505
Computer expenses	162		162
Cleaning and waste disposal	273		273
Alarm costs	145		145
Interest and charges	159		159
Rent	97		97
Depreciation	1,206	241	1,447
Sundries	173		173
Advertising	281		281
Light and heat	1,704		1,704
Legal and professional	109		109
Wages and salaries	2,072		2,072
National insurance	5		5
Pension costs	56		56
	10,059	241	10,300

		Unrestricted	Total	Total
		funds	funds	funds
		2022	2022	2021
		6		6
Cost ofsales		20,926	20,926
Administration	expenses	4,259	4,259
Interest payable		920	920
Cost ofsales staff costs		15,406	15,406
Administration	depreciation	365	365
		41,876	41,876

				Unrestricted	Restricted	Total
				funds	funds	funds
				2022f	2022 F	2022 6
Investment		management	fees	10,129	886	11,015
Overheads				4,405		4,405
Wages	and	salaries		13,955		13,955
National	insurance			1,394		1,394
Pension				1,022		1,022
Depreciation		and loss on	sale	294		294
				31,199	886	32,085

				Unrestricted	Restricted	Total
				funds	funds	funds
				2021	2021	2021
						6
Investment		management	fees	12,880	872	13,752
Overheads				4,062		4,062
Wages	and	salaries		11,224		11,224
National	insurance			1,101		1,101
Pension				826		826
Depreciation		and loss on	sale	670		670
				30,763	872	31,635

				Unrestricted	Restricted
				funds	funds	Total
				2022f	2022 F	2022
Membership		and	branches	384,410		384,410
Education				291,409		291,409
Institute	activities			505,560		505,560
Branch	business		activities	21,068	800	21,868
Governance				14,009		14,009
Training	and	Courses		7,175		7,175
Educational		Visits	and activities	89,390	2,164	91,554
				1,313,021	2,964	1,315,985

				Unrestricted	Restricted
				funds	funds	Total
				2021f	2021 6	2021
Membership		and	branches	318,083		318,083
Education				234,227		234,227
Institute	activities			391,372		391,372
Branch	business		activities	17,884	1,000	18,884
Governance				7,923		7,923
				969,489	1,000	970,489

				Activities
				undertaken	Support	Total
				directly	costs	funds
				2022	2022	2022
				F		8
Membership		and	branches	44,030	340,380	384,410
Education				38,579	252,830	291,409
Institute	activities			294,867	210,693	505,560
Branch	business		activities	800	21,068	21,868
Governance					14,009	14,009
Training	and	Courses		7,175		7,175
Educational		visits	and activities		91,554	91,554
				385,451	930,534	1,315,985

Analysi	s of	expe	nditure by activities (cont	inued)
				Activities
				undertaken	Support	Total
				directly	costs	funds
				2021 E	2021 6	2021f
Membership		and	branches	31,951	286,132	318,083
Education				19,630	214,597	234,227
Institute	activities			204,094	187,278	391,372
Branch	business		activities	1,000	17,884	18,884
Governance					7,923	7,923
				256,675	713,814	970,489

		Membership			Branch
		and		Institute	business
		branches	Education	activities	activities	Governance
		2022	2022	2022	2022	2022
			6	6	6
Staff costs		261,928	196,445	163,705	16,369
Depreciation		4,711	3,534	2,944	294
Computer	software and
expenses		26,827	20,121	16,767	1,677
Office overheads		3,785	2,838	2,364	236
Cleaning and repairs		(94)	(71)	(59)	(6)
Printing, postage and stationery		5,512	4,135	3,446	344
Sundry costs		4,947	3,711	3,093	310
Legal and	professional	1,699	1,274	1,062	106	9,050
Marketing	and PR	20,534	15,402	12,835	1,284
Travel and	Subsistence	3,101	2,326	1,939	194	4,959
Other staff	costs	4,153	3,115	2,597	260
Governance costs		3,277
		340,380	252,830	210,693	21,068	14,009

Analysis ofsupport costs (continued)
	Educational
	visits and	Total
	activities	funds
	2022	2022f
Staff costs	19,191	657,638
Depreciation and loss on sale	18,939	30,422
Computer software and expenses	1,341	66,733
Office overheads		9,223
Cleaning and repairs	19,332	19,102
Printing, postage and stationery		13,437
Sundry costs	2,064	14,125
Legal and professional	979	14,170
Marketing and PR		50,055
Travel and subsistence		12,519
Other staff costs		10,125
Rates and water	2,217	2,217
Insurance	2,291	2,291
Light and heat	14,471	14,471
Telephone	1,138	1,138
Alarm costs	1,305	1,305
Interest and charges	1,373	1,373
Rent and rates	875	875
Advertising	2,440	2,440
Volunteer expenses	3,598	3,598
Governance		3,277
	91,554	930,534

		Membership			Branch
		and		Institute	business
		branches	Education	activities	activities	Governance
		2021	2021	2021	2021	2021
		F		6		6
Staff costs		210,413	157,810	131,509	13,151
Depreciation		10,720	8,040	6,700	670
Computer	software	20,699	15,524	12,937	1,294
Office overheads		6,908	5,181	4,318	432
Cleaning and repairs		4,776	3,582	2,985	299
Printing, postage and stationery		6,598	4,949	4,124	412
Sundry costs		2,047	1,533	1,274	128
Legal and	professional	536	402	335	33	4,100
Marketing	and PR	18,112	13,584	11,320	1,132
Travel and	Subsistence	2,929	2,197	1,831	183	3,823
Other staff	costs	2,394	1,795	1,496	150
Loss on sale ofassets				8,449
		286,132	214,597	187,278	17,884	7,923

Analysis	ofsupp	ort costs (continued)
			Educational
			visits and	Total
			activities	funds
			2021	2021
			6	6
Staff costs				512,883
Depreciation				26,130
Computer	software			50,454
Office overheads				16,839
Cleaning and repairs				11,642
Printing, postage		and stationery		16,083
Sundry costs				4,982
Legal and	professional			5,406
Marketing	and PR			44,148
Travel and	subsistence			10,963
Other staff	costs			5,835
Loss on sale ofassets				8,449
				713,814

Auditors' remuneration	Auditors' remuneration
				2022 6	2021 f
Fees payable to	the Company's		auditor and its associates for the audit of
the Company's	annual	accounts		8,600	4,000

Staff costs
				Group	Group	Company	Company
				2022	2021	2022	2021
					6		6
Wages and	salaries			593,283	448,962	558,188	448,962
Social security costs				56,846	46,804	55,767	46,804
Contribution	to defined	contribution	pension
schemes				41,419	30,267	40,863	30,267
				691,548	526,033	654,818	526,033
The average	number	of persons employed		by the Company during	the year was as follows:
				Group	Group	Company	Company
				2022	2021	2022	2021
				No.	No.	No.	No.
Administration				13	10	11	10

Group	Group
2022	2021
No.	No.

	Computer
	softwaref
Cost
At 1 January 2022	53,835
At 31 December 2022	53,835
Amortisation
At 1 January 2022	53,835
At 31 December 2022	53,835
Net book value
At 31 December 2022
At 31 December 2021

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	Freehold
	investment
	property
Valuation
At 1 January 2022	475,000
At 31 December 2022	475,000

	Listed	Unlisted
	investments	investments	Total
Group and Company		6
Cost or valuation
At 1 January 2022	2,719,766	572,787	3,292,553
Additions	74,491		74,491
Disposals	(624,770)		(624,770)
Revaluations	(490,424)	298,836	(191,588)
At 31 December 2022	1,679,063	871,623	2,550,686
Net book value
At 31 December 2022	1,679,063	871,623	2,550,686
At 31 December 2021	2,719,766	572,787	3,292,553

Stocks
			Group	Group	Company	Company
			2022f	2021	2022	2021
Ties, medals	etc		2,880	8,819	2,880	8,819
Technical handbooks			7,431	11,063	7,431	11,063
Shop stock			14,422
			24,733	19,882	10,311	19,882
Debtors
			Group	Group	Company	Company
			2022	2021	2022f	2021
Due within one year
Trade debtors			63,693	15,781	37,143	15,781
Amounts owed by group		undertakings			336
Other debtors			7,622	37,303	7,622	37,303
Prepayments	and accrued income		26,592	22,341	26,168	22,341
			97,907	75,425	71,269	75,425

							Group	Group	Company	Company
							2022	2021	2022f	2021 6
Trade creditors							43,722	31,152	37,128	31,152
Amounts	owed	to group undertakings							1,257
Other taxation		and		social	security		22,749	14,082	15,186	14,082
Other creditors							65,406	23,554	45,285	23,554
Accruals	and deferred income						232,510	171,179	222,345	171,179
							364,387	239,967	321,201	239,967
							Group	Group	Company	Company
							2022	2021	2022	2021
								6	6
Deferred	income at			1 January			63,327	129,799	63,327	129,799
Resources deferred				during	the year		140,010	63,327	129,123	63,327
Amounts	released		from previous			periods	(63,327)	(129,799)	(63,327)	(129,799)
							140,010	63,327	129,123	63,327

				Group	Group
				2022f	2021 6
Accruals	and deferred	income		5,525
Deferred	income relates to a capital grant received		in relation to future periods.

				Group	Group	Company	Company
				2022	2021 f	2022	2021f
Financial	assets
Financial	assets measured	at amortised	cost	582,111	348,431	506,799	348,431
				Group	Group	Company	Company
				2022	2021	2022	2021
					6
Financial	liabilities
Financial	liabilities measured	at amortised
cost				207,153	163,558	175,635	163,558

			Fair value
		Book value f	adjustments	Fair valuef
Fixed Assets
Tangible		229,927	61,188	291,115
Intangible		1		1
		229,928	61,188	291,116
Current Assets
Stocks		3,555		3,555
Debtors		4,545		4,545
Cash at bank and	in hand	61,006		61,006
Total Assets		299,034	61,188	360,222
Creditors
Due within one year		(7,376)		(7,376)
Total Identifiable	net assets	291,658	61,188	352,846

						Balance at
	Balance at 1					31
	January			Transfers	Gains/	December
	2022 6	Income	Expenditure 6	in/out	(Losses)f	2022
Unrestricted
funds
Designated
funds
Revaluation
Reserve	151,000					151,000
General funds
General Funds	3,584,576	1,165,251	(1,396,155)	2,736	2,356	3,358,764
Total
Unrestricted
funds	3,735,576	1,165,251	(1,396,155)	2,736	2,356	3,509,764
Restricted
funds
Preston	15,288	376	(290)		(79)	15,295
Coles	8,617	214	(251)		(45)	8,535
McPherson	65,185	1,452	(547)		(302)	65,788
Nordberg	29,961	651	(156)		(136)	30,320
Goodwin Barsby	4,276	118	(28)		(25)	4,341
Rushton Bucyris	12,046	262	(63)		(55)	12,190
Marston	10,415	225	(54)		(47)	10,539
Clugston	5,667	122	(29)		(26)	5,734
Eric McNaught	11,814	276	(268)		(57)	11,765
Trust Capital	27,800				(24,436)	3,364
Rotary club of
Wirksworth		480		(480)
Childrens play area		6,825	(496)			6,329
MDEM-
Museum of
Geology and
Quarrying-
Public spec
display
cabinets		1,019	(136)	(281)		602

							Balance at
		Balance at 1					31
		January			Transfers	Gains/	December
		2022	Income f	Expenditure	in/out 6	(Losses) 6	2022 6
Quarrying-
Collections
MODES &PC			96	(35)			61
Permanent
exhibition	area		501		(501)
Veolia - Signage
&trail
improvement			2,520	(1,440)			1,080
MDEM - Visitor
monitoring
fund			250		(250)
Museums-
Collections	&
Access Grant
Fund			680		(680)
Museums-
Storage
Equipment
Grant			882	(72)	(544)		266
DCC Heating
System Grant			4,011	(226)			3,785
		191,069	20,960	(4,091)	(2,736)	(25,208)	179,994
Total offunds		3,926,645	1,186,211	(1,400,246)		(22,852)	3,689,758

									Balance at
					Balance at				31
					1 January			Gains/	December
					2021	Income	Expenditure	(Losses)	2021
							E		6
Unrestricted		funds
Designated		funds
Revaluation		Reserve						151,000	151,000
General	funds
General	Funds				3,681,960	608,336	(1,000,252)	294,532	3,584,576
Total Unrestricted			funds		3,681,960	608,336	(1,000,252)	445,532	3,735,576
Restricted funds
Preston					15,173	267	(289)	137	15,288
Coles					8,639	151	(251)	78	8,617
McPherson					64,179	1,022	(542)	526	65,185
Nordberg					29,418	460	(154)	237	29,961
Goodwin	Barsby				4,377	84	(228)	43	4,276
Rushton	Bucyris				11,828	185	(62)	95	12,046
Trust Capital					10,227	159	(53)	82	10,415
Rotary club		ofWirksworth			5,564	87	(29)	45	5,667
Childrens	play area				11,785	193	(264)	100	11,814
Quarrying	-	Collections		MODES
& PC					13,846			13,954	27,800
					175,036	2,608	(1,872)	15,297	191,069
Total of	funds				3,856,996	610,944	(1,002,124)	460,829	3,926,645

Analysis	of n	et assets between funds - current	year
			Unrestricted	Restricted	Total
			funds	funds	funds
			2022	2022	2022
			6	6	6
Tangible fixed		assets	381,059	19,489	400,548
Fixed asset investments			2,405,887	144,799	2,550,686
Investment	property		475,000		475,000
Current assets			590,364	43,072	633,436
Creditors	due	within one year	(337,021)	(27,366)	(364,387)
Creditors	due	in more than one year	(5,525)		(5,525)
Total			3,509,764	179,994	3,689,758

Analysis of net assets between funds - prio	r year
	Unrestricted	Restricted	Total
	funds	funds	funds
	2021	2021	2021
Tangible fixed assets	8,406		8,406
Fixed asset investments	3,117,699	174,853	3,292,552
Investment property	475,000		475,000
Current assets	374,438	16,216	390,654
Creditors due within one year	(239,967)		(239,967)
	3,735,576	191,069	3,926,645

											Group	Group
											2022	2021
												6
	Net expenditure for the				year (as per Statement		of Financial	Activities)			(236,887)	(81,351)
	Adjustments for:
	Depreciation charges										34,370	26,799
	(Gains)/Losses on		investments								22,852	(309,829)
	Dividends,	interests		and rents		from investments					(43,375)	(44,011)
	Loss on the sale offixed assets											8,449
	Increase	in stocks									(1,196)	(6,341)
	Increase	in debtors									(14,108)	(3,098)
	Increase/(decrease)			in	creditors						119,561	(61,995)
	Donation	on acquisition									(352,846)
	Net cash	used in	operating			activities					(471,629)	(471,377)
28.	Analysis	ofcash and			cash equivalents
											Group	Group
											2022 6	2021f
	Cash in hand										510,796	295,347
	Total cash and cash				equivalents						510,796	295,347
29.	Analysis	ofchanges			in net	debt
							At	1			Acquisition	At 31
							January				of	December
							2022		Cash	flows	subsidiaries	2022
										6	6	6
	Cash at bank and		in	hand			295,347		154,443		61,006	510,796
							295,347		154,443		61,006	510,796

			Group	Group	Company	Company
			2022	2021	2022	2021f
Operating	leases as a lessee
Not later than		1 year	1,212	7,270	1,212	7,270
Later than	1 year and not later than 5 years			1,212		1,212
			1,212	8,482	1,212	8,482

						Group	Group	Company	Company	Company
						2022f	2021 6	2022		2021
Operating	lease		rentals			7,270	7,270	7,270		7,270
At 31 December 2022 the Group					and Company	had future	minimum lease	payments receivable		under
non-cancellable			operating	leases for each ofthe		following periods:
						Group	Group	Company	Company
						2022	2021	2022		2021
						6	5			5
Not later than		1	year			38,500	38,500	38,500		38,500
Later than	1 year and not			later than 5years		38,500	77,000	38,500		77,000
						77,000	115,500	77,000	115,500