## ## ## |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||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||8
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I-| ## ## ## |||||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|