##
##
|Trustees|||||P J Holms|||
|---|---|---|---|---|---|---|---|
||||||D C Missen|||
||||||M S Reader|||
||||||Professor S M|Redpath||
||||||H C W Robinson|||
||||||H Shaw|||
||||||M L Kimber|||
|Chief Operations||||Director|A Blumfield|||
|Charity|number||||1056565|||
|Company||number|||3254207|||
|Principal|address||||Turf Moor Road|||
||||||Fakenham|||
||||||Norfolk|||
||||||NR21 9GN|||
|Registered|||office||Turf Moor Road|||
||||||Fakenham|||
||||||Norfolk|||
||||||NR21 9GN|||
|Independent|||examiner||Mapus-
Smith|& Lemmon|LLP|
||||||48 King Street|||
||||||King's
Lynn|||
||||||Norfolk|||
||||||England|||
||||||PE30 1HE|||
|Bankers|||||Child 8 Co bankers|||
||||||1 Fleet Street|||
||||||london|||
||||||EC4Y 1BD|||
|Solicitors|||||Butcher Andrews|||
||||||15 Market Place|||
||||||Holt|||
||||||Norfolk|||
||||||NR25 6BE|||
##
||||Page|
|---|---|---|---|
|Chairman's
statement||||
|Trustees
report|||2-6|
|Independent
examiner's||report||
|Statement
offinancial|activities||8-9|
|Balance sheet|||to|
|Statement
ofcash flows||||
|Notes to the financial|statements||12-33|
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##
||||||Unrestricted|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds||funds|funds||
||||||general|designated|||general|||
|||||Notes|2021|2021|2021
f'|2021|2020f|2020f|2020f|
|Income and|endowments|from"||||||||||
|Donations
and legacies|||||32,116|168,292|121,054|321,462|137,545|192,705|330,250|
|Charitable
activities|||||113,840||219,700|333,540|119,704|693,527|813,231|
|Other trading|activities||||10,643||33,665|44,308|29,518|33,776|63,294|
|Investments|||||108|||108|624||624|
|Other income|||||21,447||49,008|70,455|37,467||37,467|
|Total income|||||178,154|168,292|423,427|769,873|324,858|920,008|1,244,866|
|~E*
dit||||||||||||
|Raising funds||||8|35,106||5,450|40,556|52,542|17,427|69,969|
|Charitable
activities||||9|137,371||422,879|560,250|134,831|336,241|471,072|
|Total resources expended|||||172,477||428,329|600,806|187,373|353,668|541,041|
|Net incoming/(outgoing)||resources|before transfers||5,677|168,292|(4,902)|169,067|137,485|566,340|703,825|
##
##
##
|Net incoming/(outgoing)|resources|before transfers|5,677|168,292|(4,902)|169,067|137,485|566,340|703,825|
|---|---|---|---|---|---|---|---|---|---|
|Gross transfers
between|funds||(3,620)|(168,292)|171,912||(3,176)|3,176||
|Net income for the year/||||||||||
|Net movement
in funds|||2,057||167,010|169,067|134,309|569,516|703,825|
|Fund balances at 1 April|2020|||||||||
|As originally
reported|||280,737||1,863,576|2,181,780|336,001|1,294,059|1,572,740|
|Prior year adjustment|||37,467|||37,467|(57,320)|—|(57,320)|
|As restated|||318,204||1,863,576|2,219,247|278,681|1,294,059|1,515,420|
|Fund balances at 31 March 2021|||357,728||2,030,586|2,388,314|355,670|1,863,575|2,219,245|
##
##
##
||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||||||as restated|
|||||Notes|||6|
|Fixed assets||||||||
|Tangible assets||||14||751,628|568,322|
|Heritage assets||||15||1,552,001|1,580,186|
|||||||2,303,629|2,148,508|
|Current assets||||||||
|Stocks||||16|11,287||8,429|
|Debtors||||17|85,465||220,969|
|Cash at bank and||in|hand||316,890||264,230|
||||||413,642||493,628|
|Creditors:|amounts||falling due within|||||
|one year||||19|(105,265)||(196,610)|
|Net current|assets|||||308,377|297,018|
|Total assets less||current liabilities||||2,612,006|2,445,526|
|Creditors:|amounts||falling due after|||||
|more than|one year|||20||(223,692)|(226,281)|
|Net assets||||||2,388,314|2,219,245|
|Income funds||||||||
|Restricted|funds|||23||2,030,586|1,863,575|
|Unrestricted|funds|- general||||357,728|355,670|
|||||||2,388,314|2,219,245|
##
##
||||||2021||2020|
|---|---|---|---|---|---|---|---|
|||||Notes|6||F|
|Cash flows from operating||activities||||||
|Cash generated
from operations||||29||301,602|877,259|
|Investing|activities|||||||
|Purchase|oftangible
fixed assets||||(246,393)||(28,291)|
|Purchase|of hentage assets||||(660)||(1,177,062)|
|Interest received|||||108||624|
|Net cash|used in investing|activities||||(246,945)|(1,204,729)|
|Financing|activities|||||||
|Proceeds|of new bank loans||||||250,000|
|Repayment|of bank loans||||(1,997)||(11,662)|
|Net cash|(used in)/generated||from|||||
|financing|activities|||||(1,997)|238,338|
|Net increase/(decrease)
in||cash and||cash||||
|equivalents||||||52,660|(89,132)|
|Cash and|cash equivalents|at beginning||ofyear||264,230|353,362|
|Cash and|cash equivalents|at|end of|year||316,890|264,230|
##
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##
##
||||Unrestricted|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
||||funds|funds|funds||funds|funds||
||||general|designated|||general|||
||||2021
f|2021
f|2021
f|2021f|2020
f|2020
f|2020f|
|Donations|and gifts||32,086||121,054|153,140|42,126|190,848|232,974|
|Legacies receivable||||168,292||168,292|95,419|1,857|97,276|
|Donated capital and stock||items|30|||30||||
||||32,116|168,292|121,054|321,462|137,545|192,705|330,250|
|Donations|and gifts|||||||||
|Donations|from individuals||5,554||114,781|120,335|9,868|174,492|184,360|
|Donations|from community|groups|3,670||377|4,047|7,371|213|7,584|
|Gift aid reclaimed|||22,862||5,896|28,758|24,887|16,143|41,030|
||||32,086||121,054|153,140|42,126|190,848|232,974|
##
##
##
|||2021|2020|
|---|---|---|---|
|||8|8|
|Subscriptions||140,406|137,727|
|Sponsorship||15,147|8,670|
|Grants receivable||177,987|666,834|
|||333,540|813,231|
|Analysis
by fund||||
|Unrestricted|funds - general|113,840||
|Restricted funds||219,700||
|||333,540||
|Forthe year|ended 31 March 2020|||
|Unrestricted|funds - general||119,704|
|Restricted
funds|||693,527|
||||813,231|
##
|||Unrestricted|Restricted|Total|Unrestricted|Restncted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||general|||general|||
|||2021|2021|2021|2020|2020|2020|
|||8|6|8|E||F|
|Publications|and|||||||
|products||564|11,065|11,629|6,914|20,228|27, 142|
|Teaching|||(269)|(269)|20|1,285|1,305|
|Conservation||||||||
|management||10,079|22,869|32,948|22,584|12,263|34,847|
|Other trading|activities|10,643|33,665|44,308|29,518|33,776|63,294|
##
##
##
##
||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||general|general|
||||2021|2020|
||||6|F|
|Interest receivable|||108|624|
|Other income|||||
||Unrestricted|Restricted|Total|Unrestricted|
||funds|funds||funds|
||general|||general|
||2021|2021|2021|2020|
|||6|f|k|
|Other income|21,447|46,801|68,248|37,467|
|Sale of livestock||2,207|2,207||
||21,447|49,008|70,455|37,467|
##
##
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|'Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||general|||general|||
|||2021f|2021
F|2021
f|2020|2020
5|2020f|
|Fundraisin|and
ublicit|||||||
|Other direct|costs of|||||||
|generating|voluntary|||||||
|income||3,767|201|3,968|5,486|2,922|8,408|
|Staff costs||14,444||14,444|14,031||14,031|
|Support costs||16,895||16,895|23,087||23,087|
|Fundraising|and publicity|35,106|201|35,307|42,604|2,922|45,526|
|T~di||||||||
|Cost ofgoods sold|||5,249|5,249|9,938|14,505|24,443|
|||35,106|5,450|40,556|52,542|17,427|69,969|
##
##
##
|||||Education|Conservation|Support|Total|Education|Conservation|Support|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||&research|costs|2021||&research|costs|2020|
|||||2021|2021|2021||2020|2020|2020||
|||||6||||6|6|f||
|Staff costs||||47,601|127,734||175,335|49,395|82,380||131,775|
|Education|-|other costs||4,055|||4,055|4,128|||4,128|
|Conservation||and research - other costs|||39,223||39,223||22,839||22,839|
|||||51,656|166,957||218,613|53,523|105,219||158,742|
|Share of|support costs (see note 10)|||||335,186|335,186|||294,019|294,019|
|Share of|governance||costs (see note 10)|||6,451|6,451|||18,311|18,311|
|||||51,656|166,957|341,637|560,250|53,523|105,219|312,330|471,072|
|Analysis|by|fund||||||||||
|Unrestricted||funds -|general|19,413|3,553|114,405|137,371|25,625|2,489|106,717|134,831|
|Restricted|funds|||32,243|163,404|227,232|422,879|27,898|102,730|205,613|336,241|
|||||51,656|166,957|341,637|560,250|53,523|105,219|312,330|471,072|
##
##
##
|Support costs|||||||||
|---|---|---|---|---|---|---|---|---|
||||Support|Governance|2021|Support|Governance|2020|
||||costs|costs||costs|costs||
|||||||6|||
|Staff costs|||117,838||117,838|83,396||83,396|
|Depreciation|||91,931||91,931|61,521||61,521|
|Operating
lease charges|||9,314||9,314|11,007||11,007|
|Premises costs and|||||||||
|general overheads|||116,103||116,103|138,096||138,096|
|Printing
and stationery|||||||||
|for fundraising
and|||||||||
|membership|||||||||
|departments|||16,895||16,895|23,086||23,086|
|Audit fees|||||||6,000|6,000|
|Accountancy||||4,640|4,640||2,550|2,550|
|Legal and professional||||230|230||2,327|2,327|
|Cost oftrustees'|||||||||
|meetings||||1,581|1,581||7,434|7,434|
||||352,081|6,451|358,532|317,106|18,311|335,417|
|Analysed
between|||||||||
|Fundraising|||16,895||16,895|23,087||23,087|
|Charitable
activities|||335,186|6,451|341,637|294,019|18,311|312,330|
||||352,081|6,451|358,532|317,106|18,311|335,417|
|Auditor's
remuneration|||||||||
|The analysis of auditor's|||remuneration|is as follows:|||||
|Fees payable to the||auditor|||||2021
f|2020|
|Audit ofthe annual|accounts|||||||6,000|
|Non-audit
services|||||||||
|Taxation compliance||services|||||1,735|1,650|
|All other non-audit|services||||||2,905|900|
|Total non-audit
fees|||||||4,640|2,550|
##
##
##
##
##
##
|||2021|2020|
|---|---|---|---|
|||Number|Number|
|Conservation|and research|||
|Education||||
|Administration||||
|Membership|services|||
|Total||18|19|
|Employment|costs|2021|2020|
|Wages and salaries||276,857|205,759|
|Social secunty costs||19,008|17,393|
|Other pension|costs|11,752|6,050|
|||307,617|229,202|
##
##
##
|Freehold|Plant and|Fixtures and|Equipment|Motor vehicles|Reserve|Total|
|---|---|---|---|---|---|---|
|property|equipment|fittings|||infrastructure||
|6|6||6|6|6||
|922,683|10,109|82,643|62,916|68,618|89,975|1,236,944|
|224,387|2,517|6,230|6,646|5,950|663|246,393|
|1,147,070|12,626|88,873|69,562|74,568|90,638|1,483,337|
|405,611|2,527|76,604|54,146|50,949|78,785|668,622|
|38,550|2,793|2,835|7,098|7,012|4,799|63,087|
|444,161|5,320|79,439|61,244|57,961|83,584|731,709|
|702,909|7,306|9,434|8,318|16,607|7,054|751,628|
|517,072|7,582|6,038|8,771|17,669|11,190|568,322|
##
##
##
|Heritage assets||
|---|---|
||Land and|
||property|
||6|
|At 1 April 2020|1,580,186|
|Purchases|660|
|Depreciation|(28,845)|
|At 31 March 2021|1,552,001|
##
|Stocks||||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||||||||6|
|Finished|goods|and|goods|for|resale|11,287|8,429|
##
|Debtors||||
|---|---|---|---|
|||2021|2020|
|Amounts
falling due within one year:||6||
|Trade debtors||22,306|14,700|
|Other debtors||12,639|27,210|
|Prepayments|and accrued income|50,520|141,592|
|||85,465|183,502|
|||2021|2020|
|Amounts
falling due after more than one year:||6|6|
|Other debtors|||37,467|
|Total debtors||85,465|220,969|
##
##
|18|Loans and overdrafts|||||
|---|---|---|---|---|---|
|||||2021f|2020|
||Bank loans|||236,341|238,338|
||Payable
within one year|||12,649|12,057|
||Payable after one year|||223,692|226,281|
||Amounts
included
above which|fall due after five years:||||
||Payable
by instalments|||159,192|171,841|
||The long-term
loans are secured|over the land at Sculthorpe|and Shapwick.|||
##
|19|Creditors: am|ounts|falling due within one year||||
|---|---|---|---|---|---|---|
||||||2021|2020|
|||||Notes|6||
||Bank loans|||18|12,649|12,057|
||Other taxation|and social security||||3,188|
||Deferred
income|||21|72,498|71,998|
||Trade creditors||||15,176|101,317|
||Accruals and deferred||income||4,942|8,050|
||||||105,265|196,610|
|20|Creditors: amounts||falling due after more than one year||||
||||||2021|2020|
|||||Notes||f|
||Bankloans|||18|223,692|226,281|
|21|Deferred income||||||
||||||2021|2020|
||||||6|6|
||Other deferred|income|||72,498|71,998|
##
##
##
##
##
##
##
##
##
|||||Movement
in funds|Movement
in funds|||Movement
in funds|Movement
in funds|||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||Balance at|Incoming|Resources|Transfers|Balance at|Incoming|Resources|Transfers|Balance at|
||||1Apnl 2019|resources
6|expended|6|1April 2020|resources
6|expended
f||31 March 2021
6|
|Somerset|||449,108|8,841|(44,743)||413,206|26,862|(35,240)||404,828|
|Sculthorpe|||258,260|182,489|(158,073)||282,676|179,950|(192,992)||269,634|
|Norwich
Cathedral|||28,045||(5,639)||22,406||(5,326)||17,080|
|Heritage
Lottery Fund|||23,331||(23,331)|||||||
|Star Meadow||(Fakenham)|48,064||||48,064||||48,064|
|FOSM|||43,935||(15,481)||28,454||(501)|1,742|29,695|
|Lewis Raptor||Fund|1,000||||1,000||||1,000|
|Education|Centre Norfolk||1,565||(1,565)|||||||
|Community|Owl||559||(559)|||||||
|East Midlands||Group|2,500||||2,500|5|||2,505|
|Sculthorpe|Fen||435,143|709,835|(91,144)||1,053,835|195,479|(162,461)|168,292|1,255, 145|
|Livestock|||1,521||||1,521||||1,521|
|Bath Group|||1,028||||1,028||||1,028|
|Shapwick||||18,843|(13,133)|3,176|8,886|21,131|(31,808)|1,877|86|
||||1,294,059|920,008|(353,668)|3,176|1,863,576|423,427|(428,328)|171,911|2,030,586|
##
##
##
##
##
##
|||Movement||Movement|in funds||
|---|---|---|---|---|---|---|
|||in funds|||||
|||Incoming|Balance at|Incoming|Transfers|Balance at|
|||resources|1 April 2020|resources||31 March 2021|
|||6|f||6|6|
|Legacies|received|||(168,292)|168,292||
|||||(168,292)|168,292||
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##
##
##
##
||2021|2020|
|---|---|---|
||6|F|
|Within one year|11,124|10,030|
|Between two and five years|12,577|26,598|
|In over five years|1,686|2,876|
||25,387|39,504|
##
##
|28|Charity status|Charity status|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||The Charity
is a company
limited||by guarantee||and consequently|||does not have share capital.||Each of the|
||members
if liable to contribute
an||amount|not|exceeding||61 towards||the assets of the Charity|in the event|
||of liquidation.||||||||||
|29|Cash generated
from|operations|||||||2021|2020|
||||||||||F|F|
||Surplus for the year||||||||169,070|703,824|
||Adjustments
for:||||||||||
||Investment
income recognised
in||statement|of|financial|activities|||(108)|(624)|
||(Gain)/loss
on disposal|oftangible|fixed assets|||||||951|
||Depreciation
and impairment
oftangible fixed assets||||||||91,931|60,570|
||Movements
in working|capital:|||||||||
||(Increase)/decrease
in|stocks|||||||(2,858)|2,568|
||Decrease
in debtors||||||||135,504|17,497|
||(Decrease)/increase
in|creditors|||||||(92,437)|77,795|
||Increase
in deferred
income||||||||500|14,678|
||Cash generated
from|operations|||||||301,602|877,259|
##
##
##
|30|Analysis|ofchanges
in net funds|ofchanges
in net funds|||||
|---|---|---|---|---|---|---|---|
|||||At|1 April 2020|Cash fiowsAt 31 Iaarch 2021||
||||||6|||
||Cash at|bank and|in hand||264,230|52,660|316,890|
||Loans falling due||within one year||(12,057)|(592)|(12,649)|
||Loans falling due||after more than one year||(226,281)|2,589|(223,692)|
||||||25,892|54,657|80,549|
##
|Changes t|o|the balance shee|t||||
|---|---|---|---|---|---|---|
|||||At|31 March 2020||
|Balances as||restated:||As previously|Adjustment|As restated|
|||||reported|||
|||||F|6||
|Capital funds|||||||
|Income funds|||||||
|Restricted|funds|||1,863,575||1,863,575|
|Unrestncted||funds||318,203|37,467|355,670|
||||Total equity|2,181,778|37,467|2,219,245|
##
||||||||
|---|---|---|---|---|---|---|
|31|Prior period|adjustment|||(Con|tinued)|
||Changes to the profit and loss account||||||
||||Period|ended 31 March|2020||
||Net movements|in funds as restated:|As previously|Adjustment|As|restated|
||||reported||||
||||6||||
||Other income|||37,467||37,467|
||Net movement|in funds|666,358|37,467||703,825|