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2022-03-31-accounts

Trustees PJ Ho(ms
D C Missen
M S Reader
H C W Robinson
H Shaw
M L Kimber
EArcese (Appointed 7 October 2021)
Dr A Mcculloch (Appointed 7 October 2021)
Chief Operations Director A Blumfield
Charity number 1058565
Company number 3254207
Principal address Turf Moor Road
Fakenham
Norfolk
NR21 9GN
Registered office Turf Moor Road
Fakenham
Norfolk
NR21 9GN
Auditor Mapus- Smith & Lemmon LLP
48 King Street
King's
Lynn
Norfolk
England
PE30 1HE
Bankers Child
&Co bankers
1 Fleet Street
London
EC4Y 1BD
Solicitors Butcher Andrews
15Market Place
Holt
Norfolk
NR25 6BE

Page
Chairman's
statement
Trustees
report		 2-6
Independent
auditor's		 report 7-9
Statement
of financial		 activities 10-11
Balance sheet 12
Statement
of cash flows		 13
Notes to the financial statements 14-33

HAWK AND OWL TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED TO THE MEMBERS OF HAWK AND OWL TRUST We assessed the 5uscepbbility of the charrty's financial statements lo material misst8tement, including obtaining an understanding of how fraud might occur, by.. making enquiries of management as to where they considered there was susceptibility to fraud. their knowledge of actual, suspected and alleged fraud., and considering the Internal controls in place to mitigate risks of fraud and non-cotllpliance with laws and regulations. To address the risk of fraud through man8gement bi8s and override of contro15. we performed analytical procedures to Identify any unusual or unexpected relationships., tested journ815 to identify unusual transactions, assessed whether judgements and assumpthon5 rnade In determining the accounting estimates were ndicative of potential bias-. and investigated the rationale behind significant or unusual transactions. In response to the risk ol irregularrties and non-compliance with laws and regulations, we designed prtscedures which Included, but were not limited to. agreeing financial statement disclosures to underlying supporting documentation, reading the rninutes of meetings of those charged with governance, and enquiring of management as to 8Ctual and potentl81 litigation and clairn5. There ai& Inherent limitations in our audit procedures described above. The mor& removed that laws and regulations are from fin8ncial transactions, the les8 likely it is that wè would become aware of non-¢omplian¢e. Auditing standards also limit the audit proc8dur8s requir8d to Identify non-compliancè with laws and regulations to enquiry of the Iru5tees and other managetnent and the inspection of ie9ulatory and legal correspondenc8. if any, Material rni55tatements that arise due lo foud can be hardei tts delect than those that arise from error as they may involv& deliberate concealment or collusion. A further description of our fesponsibilities lor the audit ol the financial statements is IDc8ted on the Financial Reporting Council's website at.. https'llvA%w.fr¢.org.uklOur-WorklAuditlAudit-and-assurancelStandards-and- guidan¢elStandards-and-guidan¢e-for-audilor51Audilors-responsibilities-for-audiVDescription-of-audrtors- responsibilitie$-lor-audrt.aspx. This description fofms part of our auditor's report other matters The comparatives have not been audited. An Independent Examination was perfom)ed for the year ended 31 Mar¢h 2021. Use of our report This report Is made solely to the charitable ccmpany's member5, as a body, in accordance with Chapter 3 of Part 16 ol the Companies Act 2006. Our audit work has been undertaken so that w& might state to the eharilable company's members those matters we are required to state to thetn in an auditorfs report and for no other putpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, lor oui audit work, lor this report, or lor the opinions we have formed. Sharon Edwards (Senior Statutory Auditoil for and on behalf of Mapus- Srnlth & Lemmon LLP Chartefed A¢countants statutory Auditor 48 King Street King's Lynn Norfolk England PE30 1HE

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2022 2021
Notes 8
Fixed assets
Tangible assets 14 912,887 751,628
Heritage assets 15 1,609,993 1,552,001
2,522,880 2,303,629
Current assets
Stocks 16 19,315 11,287
Debtors 17 148,618 85,465
Cash at bank and in hand 353,660 316,890
521,593 413,642
Creditors: amounts falling due within
one year 19 (103,268) (105,265)
Net current assets 418,325 308,377
Total assets less current liabilities 2,941,205 2,612,006
Creditors: amounts falling due after
more than one year 20 (146,953) (223,692)
Net assets 2,794,252 2,388,314
Income funds
Restricted funds 23 2,252,890 2,030,586
Unrestricted funds - general 541,362 357,728
2,794,252 2,388,314

2022 2021
Notes 8 8
Cash flows from operating activities
Cash generated
from operations		 29 461,762 301,602
Investing activities
Proceeds on disposai oftangibles 26,399
Purchase of tangible
fixed assets		 (288,483) (246,393)
Purchase ofhentage assets (86,837) (660)
Interest received 48 108
Net cash used
in investing		 activities (348,873) (246,945)
Financing activities
Repayment of bank loans (76,119) (1,997)
Net cash used
in financing		 activities (76,119) (1,997)
Net increase
in cash and cash equivalents		 36,770 52,660
Cash and cash equivalents at begmning ofyear 316,890 264,230
Cash and cash equivalents at end of year 353,660 316,890

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2022 2021
8 8
Subscnptions 169,432 140,406
Sponsorship 13,000 15,147
Grants receivable 301,219 177,987
483,651 333,540
Analysis
by fund
Unrestricted funds - general 183,677
Restricted
funds		 299,974
483,651
For the year ended 31 March 2021
Unrestricted funds —general 113,840
Restricted
funds		 219,700
333,540

Unrestricted Unrestricted Restncted Total
funds funds funds
general general
2022 2021 2021 2021
8 8 f
Publications and products 20,628 564 11,065 11,629
Teaching 822 (269) (269)
Conservation management 53,259 10,079 22,869 32,948
Other tradmg activities 74,709 10,643 33,665 44,308
Unrestricted Unrestncted
funds funds
general general
2022 2021
8 5
48 108

Unrestricted Unrestncted Restncted Tota
I
funds funds funds
general general
2022 2021 2021 2021
8 F
Net gain on disposal oftangible fixed assets 11,399
Other income 21,447 46,801 68,248
Sale of livestock 2,430 2,207 2,207
13,829 21,447 49,008 70,455
Unrestricted Restricted Total Unrestncted Restncted Total
funds funds funds funds
general general
2022 2022 2021 2021 2021
8
Fundraism and ubhcit
Other direct costs of
generating voluntary
income 6,258 3,669 9,927 3,767 201 3,968
Staff costs 12,320 12,320 14,444 14,444
Support costs 11,368 11,368 16,895 16,895
Fundraising and publicity 29,948 3,669 33,615 35,106 201 35,307
~Td
Cost ofgoods sold 7,018 7,025 5,249 5,249
29,953 10,687 40,640 35,106 5,450 40,556
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10 Support costs
Support Governance 2022 Support Governance 2021
costs costsf costs
f		 costs
Staff costs 151,803 151,803 117,838 117,838
Depreciation 141,066 141,066 91,931 91,931
Operating
lease charges		 12,731 12,731 9,314 9,314
Premises costs and
general overheads 196,357 196,357 116,103 116,103
Printing
and stationery
for fundraising
and
membership
departments		 11,368 11,368 16,895 16,895
Audit fees 6,000 6,000
Accountancy 4,640 4,640
Legal and professional 4,679 4,679 230 230
Cost oftrustees'
meetings 1,835 1,835 1,581 1,581
513,325 12,514 525,839 352,081 6,451 358,532
Analysed
between
Fundraising 11,368 11,368 16,895 16,895
Charitable
activities		 501,957 12,514 514,471 335,186 6,451 341,637
513,325 12,514 525,839 352,081 6,451 358,532

The analysis ofaudito r's
remuneration
is as follows:
Fees payable to the auditor 2022
F		 2021
f
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

The average monthly
number of employees
during
the y		 ear was:
2022 2021
Number Number
Conservation and research 12
Education 3
Administration 11
Membership services 1
Total 27 18
Employment costs 2022 2021
6 6
Wages and salaries 326,952 276,857
Social security costs 19,956 19,008
Other pension costs 14,829 11,752
361,737 307,617

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Heritage assets
Land and
property
8
At 1 April 2021 1,552,001
Purchases 86,837
Depreciation (28,845)
At 31 March 2022 1,609,993

16 Stocks
2022 2021
f
Finished goods and goods for resale 19,315 11,287
The cost ofstock recognised as an expense in the year amounted to 84,898(2021 -85,349).
17 Debtors
2022 2021
Amounts falling due within one year: 8 8
Trade debtors 3,417 22,306
Other debtors 18,304 12,639
Prepayments and accrued income 126,897 50,520
148,618 85,465
18 Loans and overdrafts
2022 2021
8 8
Bank loans 160,222 236,341
Payable within one year 13,269 12,649
Payable after one year 146,953 223,692
Amounts included
above which		 fall due after five years
Payable by instslments 146,543 159,192

19 Creditors: am ounts falling due within one year
2022 2021
Notes 8
Bank loans 18 13,269 12,649
Other taxation and social security 4,251
Deferred
income		 21 51,794 72,498
Trade creditors 21,589 15,176
Accruals
and deferred		 income 12,365 4,942
103,268 105,265
20 Creditors: amounts falling due after more than one year
2022 2021
Notes
Bankloans 18 146,953 223,692
21 Deferred income
2022 2021
8
Other deferred income 51,794 72,498

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Movement in funds INovement in funds
Incoming Transfers Balance at Incoming Resources Balance at
resources 1 April 2021 resources expended 31 March 2022
f 6 6
Legacies received (168,292) 168,292 94,463 (94,463)
(168,292) 168,292 94,463 (94,463)
m
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2022 2021
8
Within one year 8,795 10,379
Between two and five years 4,937 11,232
In over five years 445
13,732 22,056

29 Cash generated
from		 Cash generated
from		 operations operations 2022f 2021
Surplus for the year 405,939 169,070
Adjustments
for:
Investment
income		 recognised in statement offinancial activities (48) (108)
Gain on disposai of tangible
fixed assets		 (11,399)
Depreciation
and impairment
oftangible		 fixed assets 141,066 91,931
Movements
in working		 capital.
(increase)
in stocks		 (8,028) (2,858)
(Increase)/decrease in debtors (63,151) 135,504
Increase/(decrease) in creditors 18,087 (92,437)
(Decrease)/increase in deferred income (20,704) 500
Cash generated
from		 operations 461,762 301,602

30 Analysis ofchanges
in net funds		 Analysis ofchanges
in net funds
At 1 April 2021 Cash flows*t 31 March 2022
8 8
Cash at bank and in hand 316,890 36,770 353,660
Loans faikng due within one year (12,649) (620) (13,269)
Loans falling due after more than one year (223,692) 76,739 (146,953)
80,549 112,889 193,438