Losses narrow at BBPA
The British Beer & Pub Association (BBPA) has reported reduced losses despite a £157,000 drop in income.
The trade body, headed by Brigid Simmonds, saw income of £2.48m in the year to 30 September 2010 — income was £2.63m the year before.
The deficit for the year was £121,789 compared to £378,974 the year before when previous chief executive Rob Hayward left the organisation.
Reorganisation costs were just £31,600 in the most recent year compared to £238,092 the year before.
The BBPA income from investments was £404,738 compared to £491,499 the year before.
Operating costs were around the same level as in 2009 — £3.20m compared to £3.21m the year before. The value of the BBPA's investment portfolio stood at £9.66m compared to £10.36m the year before.
The total salary bill stood at £1.01m.
