2022-12-31-accounts - The Institute Of Brewing & Distilling

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l:>ortfoliovs Benchmark	Main	JJ Morrison	Scottish
Portfolio:	-9.86%	-8.89%	-8.82%
Investment Association (Mixed Investments 20- 60%)	-9.67%	-9.67%	-9.67%

!Trustee/Director	Number Eligible to attend	Number attended
BMMandanna	5	5
M Sheehy	5	~
D M Murray	2	2*
NSFitch	3	3Retired September22
S G Price	5	4
DASmith	5	5
I G Roberts	1	1Resigned February 22
CJWalker	2	2 Resigned May22
SNE Stelma	5	5
GWCalvert	5	5
D Cook	2	2
R Grisoni	2	2

President	BMMandanna
Deputy President	I G Roberts (Resigned 28thFebruary 2022)
	M Sheehy (Appointed 1stMarch 2022)
Immediate Past President	D M Murray
Honorary Treasurer	N S Fitch (Resigned 20thSeptember 2022)
	G W Calvert (Appointed 20thSeptember 2022)
Board Committees' Secretary	DASmith
Trustee	C_J_Walker (Resigned 20thSeptember 2022)
Trustee	S G Price
Trustee	SNE Stelma
Trustee	R Grisoni (Appointed 20thSeptember 2022)
Trustee	D Cook (Appointed 20thSeptember 2022)
Company Secretary	JW Avis (Resigned 15thJune2022)
	D M Murray (Appointed 15thJune 2022)

INCOME FROM: LegaciesandGrants Charitable activities Other trading activities Investments TOTAL INCOME EXPENDITURE ON: Raising funds Charitable activities TOTALEXPENDITURE NET INCOME BEFORE INVESTMENT GAINS Net (loss)/gain on investments NET MOVEMENTINFUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTALFUNDSCAR~ED FORWARD Note 2a 2b 3 4 5 6 14 18	Unrestricted Restricted Funds Funds 2022 £ 229,741 2,620,336 72,612 52,192 2022 £ ,. Total funds 2022 £ 229,741 2,620,336 72,612 52,192 Totalfunds 2021 £ 2,110,386 325,363 41,015
	2,974,881 2,974,881 2,476,764
	216,874 2,056,113 30,925 216;874 2,087,038 282,999 2,194,722
	2,272,986 30,925 2,303,911 2,477,721
	701,895 (226,218) (30,925) 670,970 (226,218) (957) 155,342
	475,677,. (30,925)• 475,677 (30,925) 444,752 444,752 154,385 154,385 4,748,015 266,565 5,014,580 4,860,195 5,223,692 235,640 5,459,332 5,014,580

Note INCOME FROM: Donations 2a Grants 2a Charitable activities 2b Other trading activities 3 Investments 4 TOTALINCOME EXPENDITURE ON: Raising funds 5 Charitable activities 6 TOTAL EXPENDITURE NETINCOME BEFORE INVESTMENT GAINS Net (loss)/gain on investments 14 NET MOVEMENTINFUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTALFUNDSCAR~ED FORWARD	Unrestricted Restricted Total funds Total funds funds funds 2022 2022 2022 2021 £ £ £ £ 294,640 294,640 179,295 8,668 8,668 2,620,336 2,620,336 2,110,386 0 0 2,552 52,192 52,192 41,015 2,975,836 2,975,836 2,333,248 217,163 217,163 139,483 2,056,113 30,925 2,087,038 2,194,722
	2,273,275 30,925 2,304,200 2,334,205
	702,560 (30,925) 671,635 (957) (226,218) (226,218) 155,342
	476,342 (30,925) 445,417 154,385 476,342 (30,925) 445,417 154,385 4,742,121 266,565 5,008,686 4,854,301
	5,218,463 235,640 5,454,103 5,008,686

FIXED ASSETS Tangible assets Investments Intangible assets CURRENT ASSETS Debtors Cash at bank and in hand CREDITORS: amounts falling due within one year NET CURRENT ASSETS NET ASSETS CHARITY FUNDS Restricted funds Unrestricted funds TOTAL FUNDS Note 13 14 15 16 17 18 18	£ 891,213 1,971,320 2,862,533 (1,882,552) 2022 £ 2,656,869 1,792,482 30,000 4,479,351 979,981 5,459,332 235,640 5,223,692 5,459,332 £ 649,821 1,580,387 2,230,208 (2,104,987) 2021 £ 2,714,504 1,978,404 196,451 4,889,359 125,221 5,014,580 266,565 4,748,015 5,014,580	£ 891,213 1,971,320 2,862,533 (1,882,552) 2022 £ 2,656,869 1,792,482 30,000 4,479,351 979,981 5,459,332 235,640 5,223,692 5,459,332 £ 649,821 1,580,387 2,230,208 (2,104,987) 2021 £ 2,714,504 1,978,404 196,451 4,889,359 125,221 5,014,580 266,565 4,748,015 5,014,580
		266,565 4,748,015
		5,014,580

			2022		2021
	Note	£	£	£	£
FIXED ASSETS
Tangible Assets	13		2,656,869		2,714,504
Investments	14		1,792,482		1,978,404
Intangible assets	15		30,000		196,451
			4,479,351		4,889,359
CURRENT ASSETS
Debtors	16	750,082		725,053
Cash at bank and in hand		1,940,110		1,402,006
		2,690,192		2,127,059
CREDITORS:
amounts falling due within one year	17		(1,715,439)		(2,007,732)
NET CURRENT ASSETS			974,753		119,327

NET ASSETS			5,454,103		5,008,686
CHARITY FUNDS
Restricted funds	18		235,640		266,565
Unrestricted funds	18		5,218,463		4,742,121
TOTALFUNDS			5,454,103		5,008,686

Cash flows from operating activities
Net cash provided/ (used in) by operating
activities
Cash flows from investing activities:
Dividends, interest, and rents from investments
Purchaseofintangible fixed assets
Proceeds from saleofinvestments
Cash transferred (from)_I_toinvestments
Purchaseofand (loss)/gain on investments
Net cash usedininvesting activities
Changeincash and cash equivalentsinthe year
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward
Note
21
4
15
14
14
14
22
22

2022
£
413,350
47,879
(30,000)
333,103
(37,225)
(336,174)
(22,417)
390,933
1,580,387
1,971,320
2021
£
554,796
40,627
162,779
3,786
(198,877)
8,315
563,111
1,017,276
1,580,387

Long-term leasehold property	100 years straight line
Leasehold improvements	15 years straight line
Office furniture	1 O years straight line
Equipment	3 years straight line
Land held under long lease	not depreciated

Membership Education Publications and Technical Sections and Events Total 2022 Total 2021	2022 £ 171,057 2,286,423 23,743 139,113 2022 £ 2021 £ 171,057 294,236 2,286,4231,708,302 23,743 51,249 139,113 56,599
	2,620,336 ~~ji"~~ 2,620,3362,110,386
	2,110,386 2,110,386

Advertising Income Conference Income Rent income Total 2022 Total 2021 4. INCOME FROM INVESTMENTS Dividend on listed investments Bank interest receivable Total 2022 Total 2021		2022 2022 2021 £ £ £ 72,612 72,612 81,791 241,020 2,552 72,612 72,612 325,363 325,363 325,363 CHARITY UnrestrictedRestrictedT IF dTt I F d Funds Fundsota uns o a uns 2022 2022 £ £ 47,879 4,313 52,192 41,015 2022 2021 £ £ 47,879 40,627 4,313 388 52,192 41,015 41,015 37
	- GROUP AND

Advertising Expenses Conference Expenses Direct costs Support Costs	2022 £ 991 (1,280) 125,646 91,517 2021 £ 14,299 129,217 99,828 39,654
	216,874 282,999

Membership Education PublicationsandTechnical SectionsandEvents Total 2022	Activities Grant funding of S rtC t Total undertakendirectly t.it' uppo oss acIvIes 2022 2022 2022 2022 £ £ £ £ 2,366 112,533 114,899 371,918 1,130,648 1,502,566 234,151 15,620 249,771 121,775 6,510 91,518 219,802 730,209 6,510 1,350,319 2,087,038

Membership Education PublicationsandTechnical SectionsandEvents Total2021	Activitiesundertaken directly 2021 £ 211,652 543,948 755,600 Grantfundingof activities 2021 £ SupportCosts 2021 £ 206,147 1,197,068 35,906 1,439,121 Total 2021 £ 417,799 1,741,016 35,906 2,194,722

7.SUPPORT COSTS - CURRENT YEAR
Premises costs General office costs Project development Staffmeeting and training expenses Governance costs ReleaseofVATProvision Other staff costs Support staff costs Depreciation Total	Raising funds £ 2,797 17,201 13,032 273 7,840 0 786 36,008 13,580 Charitable 2022 2021 activities £ £ £ 49,886 52,682 21,134 306,792 323,993 226,048 232,441 245,473 269,577 4,869 5,141 32,810 125,285 133,125 123,834 (282,000) (282,000) 0 28,594 29,380 28,251 642,241 678,248 717,779 242,213 255,793 59,342
	91,517 1,350,319 1,441,836 1,478,775

7.SUPPORT COSTS - CURRENT YEAR

Premises costs
General office costs
Project development
Staffmeeting and training expenses
Governance costs
ReleaseofVATProvision
Other staff costs
Support staff costs
Depreciation
Total

Raising
funds
£
2,797
17,201
13,032
273
7,840
0
786
36,008
13,580
Charitable
2022
2021
activities
£
£
£
49,886
52,682
21,134
306,792
323,993
226,048
232,441
245,473
269,577
4,869
5,141
32,810
125,285
133,125
123,834
(282,000)
(282,000)
0
28,594
29,380
28,251
642,241
678,248
717,779
242,213
255,793
59,342

91,517
1,350,319
1,441,836
1,478,775

Premises costs Generalofficecosts Project development Staffmeeting and training expenses Governance costs Otherstaffcosts Supportstaffcosts Depreciation Total 8.ANALYSISOFGRANTS - CURRENT YEAR Grants	Raising Charitable 2021 funds activities £ £ £ 567 20,567 21,134 6,062 219,986 226,048 7,229 262,348 269,577 880 31,930 32,810 3,321 120,513 123,834 757 27,494 28,251 19,247 698,532 717,779 1,591 57,751 59,342 39,654 1,439,121 1,478,775 Grants to .. Institutions Grants tolnd1v1dualsTotal Total 2022 £ 6,510 2022 2022 £ £ - 6,510 2021 £

Auditors' remuneration Under Accrualforprior year's Auditors Remuneration TrusteeandMeeting Expenses Legal and Professional fees Support Staff Costs Other costs Total	2022 £ 28,800 5,200 3,949 13,563 81,614	2021 £ 25,000 7,250 414 7,533 83,207 430
	133,125	123,834

Depreciationoftangible and intangible fixed assets: - owned by the charitable group Auditors' remuneration Auditors' remuneration - under accrualofprior year Support costs - Auditors' remuneration - Other services	2022 2021 £ £ 255,793 253,028 28,800 25,000 5,200 7,250 12,693 1,150
	302,486 286,428

12. Staff Costs Staff costs were as follows:
Wages and salaries Social security costs Redundancies Other pension costs	2022 2021 £ £ 935,641 95,831 1,999 52,862 821,172 82,290 51,140
	1,086,333 954,602

Staff	2022	2021
	No.	No.
	21	17
The numberofhigher paid employees was:	2022	2021
	No.	No.
Inthe band £60,001 - £70,000	3	1
Inthe band £70,001 - £80,000	1
In the band £110,001 - £120,000		1

Group and Charity Cost At1January2022 Additions Disposals At31December 2022 Depreciation At1 January2022 Charge in the year At31December 2022 Net Book Value At31December2022 At31December 2021	Long-term leasehold property £ 2,785,259 Leasehold improvements £ 282,245 Fixtures and fittings £ 43,635 Office equipment £ 136,265 1,707 Total £ 3,247,403 1,707
	2,785,259 282,245 43,635 137,971 3,249,110
	196,220 27,853 162,253 27,332 42,129 188 132,297 3,969 532,899 59,342
	224,073 189,585 42,317 136,266 592,241

	2,561,186 92,660 1,318 1,705 2,656,869
	2,589,038 119,993 1,506 3,967 2,714,504

Group investments at market value comprise: All the fixed asset investments areheldinthe UK Quoted Investments Quoted Liquid Funds Total InvestmentsheldwithFundManagers Reconciliation of investmentsheldwith fund managers Market Value At1 January Additions at cost Disposals at carrying value Net Unrealised (loss)/gain MovementinCash Total	2022 £ 1,732,675 59,807 2021 £ 1,955,822 22,582
	1,792,482 1,978,404
	2022 £ 1,978,404 336,174 (333,103) (226,218) 37,225 1,792,482 2021 £ 1,790,750 198,877 (162,779) 155,342 (3,786) 1,978,404

Cost At1 January Additions At31December Amortisation At1 January Chargeforthe year At31December Net book value At31December 16. DEBTORS Trade debtors Amounts owed by group undertakings Other debtors Prepaymentsandaccrued income	2022 £ 614,378 30,000	2021 £ 614,378 614,378 224,241 193,686 417,927 196,451 Group 2022 £ Group 2021 £ 435,637 323,795 214,888 42,244 240,689 283,782 Charity Charity 2022 2021 £ £ 387,235286,301 149,940216,495 29,046 5,475 183,861 216,782
	644,378
	417,927 196,451
	614,378
	30,000
		891,213 649,821 750,082 725,053

Trade creditors Amounts owed to group undertakings Other taxationandsocial security Other creditors Accruals Deferred income Deferred Income Deferred income at 1 January 2022 Resources deferred during the year Amounts released from previous years Deferred income at31December 2022	Group Group Charity 2022 2021 2022 £ £ £ 366,836 425,899 366,836 76,496 450,981 76,496 " 21,035 49,415 19,483 48,369 98,354 43,050 1,369,816 1,080,338 1,209,574	Charity 2021 £ 359,574 1,280 443,634 37,608 85,298 1,080,338
	1,882,552 2,104,987 1,715,439 2,007,732 Group Group Charity Charity 2022 2021 2022 2021 £ £ £ £ 1,080,338 937,198 1,080,338 937,198 " 1,369,816 683,422 1,209,574 683,422 (1,080,338) {540,282) (1,080,338) (540,282) 1,369,816 1,080,338 1,209,574 1,080,338	2,007,732 Charity 2021 £ 937,198 683,422 (540,282)

Designated funds
Fixed Assets
British Funds Sections
Scholarships Bursaries and Grants
Asia Pacific Engagement
Learning Materials and Courses
Online Exam Development
Curlew Street Asset Review
Community Engagement
General funds
General Fund
Total Unrestricted Funds
Restricted Funds
John S Ford Memorial
J.J. MorisonFund
loB London Section TrustFund
IBDHopIndustry
Total of Funds

Balance at
31
Balance at 1
Transfers
December
January 2022
Income
Expenditure
in/(out)
Gains
2022
£
£
£
£
£
£
2,714,503
1,707
(59,342)
2,656,868
31,375
31,375

60,000
(6,510)
53,490
25,000
(22,000)
(3,000)
225,000
(245,473)
20,473
150,000
(30,000)
(120,000)
20,000
(20,000)
100,000
(100,000)
3,325,878
1,707
(363,325)
(222,527)
2,741,733
1,422,137 2,973,174
(2,135,879)
222,527
2,481,959
4,748,015 2,974,881
(2,499,204)
5,223,692
26,771
26,771
213,978
(30,925)
183,053
20,256
20,256
5,560
5,560
266,565
(30,925)
235,640
5,014,580 2,974,881
(2,530,129)
5,459,332

Designated funds Fixed Assets British Funds Sections Scholarships Bursaries and Grants Asia Pacific Engagement Learning Materials and Courses Online Exam Development Curlew Street Asset Review Community Engagement Young Scientist Symposium General funds General Fund Total Unrestricted Funds Restricted Funds John S Ford Memorial J.J. MorisonFund loB London Section TrustFund IBD Hop Industry TotalofFunds	Balance at31 Balance at 1 Transfers December January2021 Income Expenditure in/(out) Gains 2021 £ £ £ £ £ £ 2,773,846 (59,342) 2,714,503 369,737 56,599 (99,828) (295,133) 31,375 60,000 60,000 25,000 25,000 225,000 225,000 150,000 150,000 20,000 20,000 100,000 100,000 13,533 (13,533)
	3,157,116 56,599 (159,170) 271,333 3,325,878 1,425,342 2,478,244 {2,210,115) (271,334) 1,422,137 4,582,458 2,534,843 (2,369,285) 4,748,015 26,771 26,771 225,149 (11,171) 213,978 20,256 20,256 5,560 5,560 277,736 (11,171) 266,565 4,860,194 2,534,843 (2,380,456) 5,014,580

Designated funds
Fixed Assets
British Funds Sections
Scholarships Bursaries and Grants
Asia Pacific Engagement
Learning Materials and Courses
Online Exam Development
Curlew Street Asset Review
Community Engagement
Young Scientist Symposium
General funds
General Fund
Total Unrestricted Funds
Restricted Funds
John S Ford Memorial
J.J. MorisonFund
loB London Section TrustFund
IBD Hop Industry
TotalofFunds

Balance at31
Balance at 1
Transfers
December
January2021
Income
Expenditure
in/(out)
Gains
2021
£
£
£
£
£
£
2,773,846
(59,342)
2,714,503
369,737
56,599
(99,828)
(295,133)
31,375
60,000
60,000
25,000
25,000
225,000
225,000
150,000
150,000
20,000
20,000
100,000
100,000
13,533
(13,533)

3,157,116
56,599
(159,170)
271,333
3,325,878
1,425,342 2,478,244
{2,210,115)
(271,334)
1,422,137
4,582,458 2,534,843
(2,369,285)
4,748,015
26,771
26,771
225,149
(11,171)
213,978
20,256
20,256
5,560
5,560
277,736
(11,171)
266,565
4,860,194 2,534,843
(2,380,456)
5,014,580

Tangible and Intangible assets Fixed asset investments Current assets Creditors due within one year	Unrestricted Funds RestrictedFunds 2022 2022 £ £ 2,686,869 1,792,482 2,626,893 235,640 {1,882,551) 5,223,692 235,640 TotalFunds 2022 £ 2,686,869 1,792,482 2,862,533 {1,882,551) 5,459,332	Unrestricted Funds RestrictedFunds 2022 2022 £ £ 2,686,869 1,792,482 2,626,893 235,640 {1,882,551) 5,223,692 235,640 TotalFunds 2022 £ 2,686,869 1,792,482 2,862,533 {1,882,551) 5,459,332
		235,640 5,459,332

Tangible and Intangible assets Fixed asset investments Current assets Creditors due within one year Creditors due after one year	UnrestrictedFunds 2021 £ 2,910,955 1,978,404 1,963,643 RestrictedFunds 2021 £ (2,104,987) 266,565 Total Funds 2021 £ 2,910,955 1,978,404 2,230,208 (2,104,987)
	4,748,015 266,565 5,014,580

Net (expenditure)/income fortheyear (as per StatementofFinancial Activities) Adjustment for: Depreciation and amortisation charges Loss / (gain) on investments Investment income (lncrease)/decrease in debtors Increase/(decrease) in creditors Net cash provided by operating activities	2022 £ 444,752 255,793 226,218 (52,192) (238,786) {222,434} 413,350 2021 £ 154,385 253,028 (155,342) (40,627) (161,267) 504,619 554,796

Cashinhand	2022 2021 £ £ 1,971,320 1,580,387

IBD Trading Limited
Subsidiaryname	IBD Trading Limited
Company registration number	5584522
Basis of control	The Institute of Brewing & Distilling
Equity shareholding %	100%
Total Assets as at31December 2022	£322,281
Total Liabilities as at31December 2022	£320,950
Total equity as at31December 2022	£1,331
Turnoverforthe year ended31December 2022	£72,612
Expenditureforthe year ended31December 2022	£72,612
Profitforthe year ended31December 2022	NIL