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2022-03-31-accounts

Norfolk Mills & Pumps Trust
Report ofthe Trustees (continued)
For the year ended 31 March 2022
Reference and Administration
Information		 (continued)
Address: Norfolk
Mills		 &Pumps Trust
County
Hall
Martineau
Lane
Norwich
Norfolk
NR1 2SG
Bankers: Barclays Bank Pic
StStephens Branch
5-7 Red Lion Street
Norwich
Norfolk
NR2 1HS
Solicitors: Norfolk County Council Legal Sewices
County
Hall
Martineau
Lane
Norwich
Norfolk
NR1 2DH
Independent
Examiner:		 Mr Andrew Orves FCA FCCA
Sexty &Co
124Thorpe Road
Norwich
NR1 1RS

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2022 2021
Notes E E
Fixed Assets
Tangible Assets 10 3,000 3,000
Investments 11 560,000 330,000
563,000 333,000
Current Assets
Debtors 12 51,973 13,223
Cash at bank and in hand 160,020 171,787
211,993 185,010
Creditors:
Amounts		 falling due 13 (26,193) (3,631)
within one year
Net Current Assets 185,800 181,378
Net Assets 748,800 514,378
Funds
Restricted funds 15 32,783 48,376
Unrestricted funds
General fund 15 647,360 409,739
Designated
fund		 15 68,657 56,264
748,800 514,378

onations
and leg		 acies
2022 2021
General
f		 Designated
f		 Restricted
f		 Total
f		 Total
f
Donations 494 19,319 19,813 109,992
Legacies
494 19,319 19,813 109992

2022 2021
General
f		 Designated
f		 Restricted Total
f		 Total
f
Admission to Mills 354 354
NCC Management Charge 30,000 30,000 30,000
NCC Contribution
30 354 30354 30000

2022 2021
General Designated
F		 Restricted
f		 Total
f		 Total
f

Other Trading Activities
2022 2021
General Designated Restricted Total Total
E E E E E
Rental Income 16,586 16,586 17,009
Sales ofSouvenirs 338 338
16,924 16,924 17009

Expenditure
2022 2021
General Designated Restricted Total Total
6 6 E
Charitable
Activities
Property advice
Professional fees 800 8,397 9,197 8,092
Survey and planning fees 950 950
Rates and council tax 455 (271) 183 39
H&S Fire prevention 807 807
Landscape 1,541 1,541 5,785
Lease 5 5 5
Restoration and repairs 163 23,801 23,963 95,906
Routine maintenance 3,706 3,706 2,820
Small equipment
Electricity & Gas 190 190 166
Advertising 438 438 20
Insurance 18,204 18,204 15,366
Memberships 33 33 100
Rental Expenses 2,390 2,390 2,828
Other expenses 40 18 58 13
Governance cost (see below) 1,005 1,005 1,015
30,693 31,976 62,669 132,155
Governance Costs
2022 2021
General Total Total
6
Independent Examination 1,005 1,005 1,015

2022 2021
Total Total
E

Tangible Fixed Assets
Leasehold Total
Properties
E
Cost
At 1 April 2021 and 31 March 2022 3,000 3000
Net book value
At 31 March 2022 3000 3000
At 31 March 2021 3,000 3,000
2022 2021
Total Total
Seven Mile Diesel Engine Shed, Reedham
Little Cressingham Mill (999year lease) 3,000 3,000
High's Mill, Halvergate (99year lease)
Runham Swim
Mill
Reedham Marsh Steam Engine House
Ashtree Farm
3,000 3,000

Investments
Investment
Property
Valuation
At 1 April 2021 330,000
Fair value movements 230,000
At 31 March 2022 560,000

Debtors
2022 2021
6
Debtor 51,651 969
Other Debtors 12,177
Payments in Advance
Prepayments 323 78
51,973 13,223

Creditors: Amounts
falling due within		 one year
2022 2021
E
Other Creditors 26,193 3,631
Receipts in Advance
26,193 3,631

Opening Net Income I Transfers
I		 Closing
Funds (Expenditure) Gains Funds
8 E 8
Restricted Funds
Billingford Mill 3,652 (8,775) 10 (5,113)
Stracey Arms Mill 11,087 17 (4,911) 6,194
Wicklewood Mill 10,000 10,000
Other 23,636 3,899 1,965 21,702
48,376 (12,657) (2,935) 32,783
Unrestricted Funds
General 409,739 247,079 (9,458) 647,360
Designated - Stracey Arms Mill 62 62
Designated —Billingford Mill 10,007 9,993 20,000
Designated —Other 46,195 2,400 48,595
Total 514,378 234,422 748,800

14 Reconciliation Reconciliation Reconciliation Reconciliation Reconciliation of movement in funds (continued) in funds (continued) in funds (continued) in funds (continued)
Other There were no other restricted funds received in 2021/22.
Unrestricted Funds
General Fund Funds for the general use of the Trust.
Other Designated Funds The maintenance fund
has		 been set up to cover any unexpected
maintenance
costs which arise.
A further designation was made
by the Trustees		 to ensure
that
sufficient balances were held for projects which are currently
being
planned or due to commence in the near future.
15 Analysis of Assets Between Funds
As at 31 March 2022
Tangible Current Current Current Total
Fixed Assets Assets Liabilities
Assets & Cash Other
Investments
R
Restricted Funds
Billingford Mills (5,113) (5,113)
Gunton Park Sawmill 19,181 271 19,452
Stracey Arms Mill 6,194 6,194
Old Buckenham (17,921) 15,171 (2,750)
Other 15,000 15000
17,341 15,442 32,783
Unrestricted Funds
General 563,000 74,023 36,531 (26,193) 647,360
Designated 68,657 68,657
Total 563,000 160,020 51973 26,193 748,800

Tangible Current Current Current Total
Fixed Assets Assets Liabilities
Assets 8 Cash Other
Investments
8
Restricted Funds
Billingford Mills 3,652 3,652
Gunton Park Sawmill 15,574 33 15,607
Stracey Arms Mill 11,087 11,087
Old Buckenham 3,030 3,030
Other 15,000 15,000
48,343 33 48,376
Unrestricted Funds
General 333,000 67,180 13,190 (3,631) 409,739
Designated 56,264 - - 56,264
Total 333,000 171,787 13,223 3,631 514,378

The foll ow ing work is expected to be com pleted
in the year to 31 March 2023		 and beyond.
NWT General Total
Funds
Ashtree Farm 525 525
Billingford Mill 2,040 2,040
Boardman's Mill, How Hill 438 438
Gunton Park Sawmill 9,885 9,885
Hobb's Mill 438 438
Polkey's Mill 455 455
Runham Swim 525 525
St Olaves Mill 438 438
Total 14,743 14,743

nts
und		 er
non-
2022 2021
6 F.
Operating leases which expire;
ARer more than 5years

2022
6		 2021
f
Financial assets that are debit instruments measured at amortised
cost;
Other Debtors (note 12) 51,973 13,223
Financial liabilities
measured		 at amortised cost;
Other Creditors (note 13) 26,193 3631