## 

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## 

|M SColin-Stokes|M SColin-Stokes|(Chair)|
|---|---|---|
|N Darwin|||
|H Notcutt|||
|JW Newman|||
|R Packham|(resigned 29April 2022)||
|H Robinson|||
|M Smith|||
|C Todd|||
|BWilliamson|||
|3370914|||
|1063853|||
|The Drill House|||
|York Road|||
|Great Yarmouth|||
|Norfolk|||
|NR30 2LZ|||
|Barclays Bank Plc|||
|40-42 Market|Place||
|Great Yarmouth|||
|Norfolk|||
|NR30 1LX|||
|lsadore Goldman|||
|Lawrence House|||
|5St Andrews|Hill||
|Norwich|||
|NR2 1AD|||
|Sexty &Co|||
|124Thorpe Road|||
|Norwich|||
|NR1 1RS|||





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## 

|||||Total|Total|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Funds|Funds|
||Notes|Fund|Fund|2023|2022|
|Income from:||||||
|Grants and donations||857,993|271,412|1,129,405|1,114,126|
|Investments||140||140|37|
|Charitable<br>activities||185,782||185,782|130,844|
|Total income||1,043,915|271,412|1,315,327|1,245,007|
|Expenditure<br>on:<br>Raising funds<br>Charitable<br>objectives<br>Other - Governance<br>costs||12,901<br>1,032,477<br>1?,026|171,807<br>2,061|12,901<br>1,204,284<br>19,087|3,566<br>1,301,475<br>19,940|
|Other - Depreciation||||||
||10|24,083|30,877|54,960|52,787|
|Impairment|||||2,241|
|Total expenditure||1,086,487|204,745|1,291,232|1,380,009|
|Net income /(expenditure)<br>before tax for the year||(42,572)|66,667|24,095|(135,002)|
|Taxation||89,682||89,682|15,144|
|Net income I(expenditure)<br>after tax forthe year||47,110|66,667|113,777|(119,858)|
|Transfers<br>between<br>funds|16|18,778|(18,778)|||
|Net income l(expenditure)||||||
|and net movement<br>in funds||||||
|forthe year||65,888|47,889|113,777|(119,858)|
|Reconciliation<br>offunds:||||||
|Total funds brought<br>forward||481,665|326 238|807903|927761|
|Total funds carried forward||547,553|374 127|921 680|807903|





|Fixede~|||||||
|---|---|---|---|---|---|---|
|Tangfbfe Axed assets<br>fnvestments||||6%;640|||
|||||2|||
|Total Rxed Assets|||||||
|Current assets|||||||
|Stock<br>Debtors<br>Cash et bank end in hend|||1,&2t8<br>220,681<br>288212||1WS<br>%,626<br>45860y||
|Total Current Assets|||||||
|UabNtfes|||||||
|Creditors<br>fefffng due within|one year||||||
|Total assets fess current|tfebiltftfes|||1.963.161||fi67Ne|
|Creditors faNing dus after ene year||||f141,461}|||
|Ctfsrtty fends|||||||
|Restricted income funds -Pmj'ects<br>Restricted incorne funds -Capital<br>Unrestricted<br>funds —general<br>fund<br>Unrestricted<br>funds —designated||16<br>'l.6<br>16<br>16||63,169'<br>319,988<br>100,000<br>4V882||68t,423<br>291,645<br>100,O00<br>361565|
|Tote) Unrestricted<br>Funds|||||||
|Total charity funds|||||||





## 

||||||2023|2022|
|---|---|---|---|---|---|---|
|||||||R|
|Cash flow from operating<br>activities|||||||
|Net income /(expenditure)<br>before tax for the|||reporting|period|||
|(as per the statement<br>offinancial activities)|||||113,735|(119,858)|
|Adjustments<br>for:|||||||
|Bad debt provision||||||2,241|
|Depreciation<br>charges|||||54,960|52,786|
|Dividends,<br>interest and rents from investments|||||(140)|(37)|
|(Increase)<br>/ decrease<br>in stock|||||(687)|15,324|
|(Increase)<br>/ decrease<br>in debtors|||||(170,355)|16,73?|
|Increase<br>/ (decrease)<br>in creditors|||||92,564|83,082|
|Net cash provided<br>by I(used in) operating|||activities||90077|50275|
|Cash flow provided<br>by I(used in}investing|||activities||||
|Payments<br>to acquire tangible<br>fixed assets|||||(260,634)|(63,522)|
|Dividends,<br>interest and rents from investments|||||140|37|
|Net cash flow from investing<br>activities|||||260494|63485|
|Cash flow from financing<br>activities|||||||
|Repayment<br>ofloans|||||||
|Net cash provided<br>by I(used in) financing||activities|||||
|Change<br>in cash and cash equivalents|in the||reporting||||
|period|||||(170,395)|(13,210)|
|Cash and cash equivalents<br>at the beginning|||ofthe||||
|reporting<br>period|||||456,606|469,816|
|Cash and cash equivalents<br>at the end ofthe|||reporting||||
|period|||||286212|456 606|
|Cash and cash equivalents<br>consist of:|||||||
|Cash at bank and in hand|||||286,212|456,606|
|Notice deposits (less than 3months)|||||||
|Cash and cash equivalents<br>at the end ofthe|||reporting||||
|period|||||286212|456 606|
|Page<br>( 10|||||||





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## 

|||||2023|2022|
|---|---|---|---|---|---|
|Net income I(expenditure)<br>is stated after charging|||/ (crediting):|R|K|
|Depreciation||||54,960|52,787|
|Auditors'|remuneration:|audit services||4,408|4,880|
|Auditors'|remuneration;|other services||||
|Foreign|exchange loss|/ (gain)||920|1460|





## 

## 

## 

||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|2023|2022|
|||||K|||
|Norfolk County Council*|||||||
|Art Grant Award|||6,184||6,184|6,184|
|Active Norfolk (Sport|England)|||||4,500|
|Big Norfolk<br>Holiday Fun||||||7,000|
|Interreg Experience (FOW)|||20,700||20,700|9,999|
|Interreg Experience (Eyeful Tower)||||45,000|45,000||
|Great Yarmouth<br>Borough Council'|||||||
|Arts Development<br>Service Contract|||58,500||58,500|58,500|
|Purchase ofthe Ice House||||50,000|50,000||
|GYBC (FOW)|||24,000||24,000||
|Heritage<br>Action Zone||||||36,000|
|Tender Contract (FOW)||||||210,000|
|Restart Grant||||||12,000|
|Hospitality<br>Grant||||||4,000|
|Visit Great Yarmouth<br>(GYTABIA)|||167,142||167,142|35,000|
|Visit Great Yarmouth<br>(GYTABIA) —FOW|||20,000||20,000||
|Visit Great Yarrnouth<br>(GYTABIA) - OTF|||30,000||30,000||
|Other Income|||20,340||20,340|18,467|
|Tesco Community<br>Fund||||||1,000|
|Kickstart|||6,766||6,766|13,129|
|Arts Council National<br>Portfolio|Funding*||397,176||397,176|397,176|
|Arts Council England East —Cultural|||||||
|Recovery Fund||||||180,000|
|Roundabout<br>Europe||||||6,519|
|Architectural<br>Heritage<br>Fund"||||74,242|74,242|45,000|
|Freshly Grated|||76,185||76,185|55,284|
|Council ofEurope —European|Heritage|Day||||278|
|Big Lottery||||28,180|28,180|14,090|
|Historic England'||||36,000|36,000||
|Norfolk Community<br>Foundation|grants||2,000||2,000||
|Isadore Gold|||20,000||20,000||
|MAP|||4,000||4,000||
|National<br>Heritage<br>I ottery Fund||||37.990|37,990||
|Norwich Freemens|||5,000||5,000||
|Total income from grants and|donations||857993|271 412|1 129405|1 114126|





## 

## 

## 

||||2023|2022|
|---|---|---|---|---|
|||||R|
|Artistic programme|||||
|Artist fees|||246,291|298,937|
|Other costs|||462,847|534,967|
|Other grant programme||activities|||
|Ice House professional fees|||||
|Income generating<br>Salaries|activities||3,501|4,035|
|Other costs|||34,163|16,973|
|Support costs<br>Salaries|||308,886|335,583|
|Other support|costs||148,596|110,455|
|Finance costs||||525|
||||1 204 284|1 301475|
|Allocated as follows:|||||
|Unrestricted<br>Funds|||1,032,477|1,097,521|
|Restricted<br>Funds|||171,807|203,954|
||||1 204 284|1,301,475|





## 

## 

|||||2023|2022|
|---|---|---|---|---|---|
|||||R||
|Financial and administration||||12,015|11,968|
|Legal and|professional|||2,664|3,092|
|Audit fees: current auditor||||4,408|4,880|
||other services|||||
|||||19,087|19940|
|Allocated|as follows:|||||
|Unrestricted|Funds|||17,026|19,940|
|Restricted|Funds|||2,061||
|||||19087|19940|
|STAFFCOSTS||||||
|||||2023|2022|
||||||R|
|The cost of|employing|staff was:||||
|Wages and|salaries|||283,383|314,226|
|Employers'|Social security costs|||22,916|24,075|
|Employers'|contribution|to defined contribution|pension scheme|6,088|5,946|
|||||312387|344247|





## 

## 

## 

||Capital project<br>—under<br>construction<br>f|Land &<br>Buildings|Fixtures,<br>fittings<br>&<br>equipment|Total|
|---|---|---|---|---|
|Cost|||||
|As of31 March 2022|73,517|1,334,394|434,558|1,842,469|
|Additions||229,857|30,797|260,654|
|Transfers|||||
|As of31 March 2023|73,517|1,564,251|465,355|2,103,123|
|Depreciation|||||
|As of31 March 2022||1,121,121|301,402|1,422,523|
|Charge for the year||12,630|42,330|54,960|
|As of31 March 2023||1,333,751|343,732|1,477,483|
|Net book value|||||
|As of31 March 2023|73,517|430,500|121,623|625,640|
|As of31 March 2022|73,517|213,273|133,156|419,946|
|INVESTMENTS|||||
||||2023<br>f|2022<br>f|
|Subsidiary<br>undertaking|||2|2|





## 

## 

## 

|12|STOCK|||
|---|---|---|---|
|||2023|2022|
||Goods for resale|1 946|1 259|
|13|DEBTORS|||
|||2023|2022|
||Trade debtors|61,452|29,037|
||Prepayrnents|4,270|6,045|
||Accrued income|143,319|14,214|
||Other debtors|11,640|1,030|
|||220681|50326|



## 

|CREDITORS: AMOUN|TS<br>FALLING DUE WITHIN ONE|YEAR||
|---|---|---|---|
|||2023|2022|
||||K|
|Trade creditors||21,187|25,505|
|Accruals and deferred|income|36,169|83,719|
|Other creditors||5,132|5,075|
|Taxation and social security||8,832|5,938|
|||71 320|'120 237|





## 

## 

## 

## 

|Movement|s<br>on def|erred<br>income are:||||
|---|---|---|---|---|---|
|||||2023|2022|
|Opening|balance|||||
|Amounts|released|to income earned from charitable|activities|||
|Amount|deferred|in year||2,000|40,500|
|Year-end|balance|||2000|40500|



## 

## 


## 

## 

|2023:||||||||
|---|---|---|---|---|---|---|---|
|||||Restricted|Restricted|||
||||Unrestricted|fund|fund|Total|Total|
||||funds|projects<br>f|capital|2023<br>f|2022|
|Fund balance as at||||||||
|31 March 2022|||481,665|34,423|291,815|807,903|927,761|
|Movements|in year||47,110|47,544|19,123|113,777|(119,858)|
|Transfer between<br>funds|||18,778|(18,778)||||
|Fund balance as at||||||||
|31 March 2023|||547,553|63 189|310,938|921,680|807903|
|Unrestricted|funds are analysed as follows:|||||||
|||||||2023|2022|
|Unrestricted|- General|||||100,000|100,000|
|Designated|- Depreciation|- Drill Hall||||78,603|80,632|
|Designated|- Depreciation|-Other general fund assets||||266,100|47,500|
|Designated|- Artistic Programme||||||27,733|
|Designated|-Artistic Development||and Production|||52,850|175,800|
|Designated|- Capital Programme|||||50000|50,000|
|Balance on|31 March 2023|||||547553|481 665|





## 

## 

## 

## 

|2022:||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Restricted||Restricted||||
||||Unrestricted||fund||fund|Total|Total|
||||funds<br>f||projects<br>f|capital<br>f||2022f|2021f|
|Fund balance as at||||||||||
|31 March 2021|||548,516||49,628||329,617|92T,?61|?47,311|
|Movements<br>in year|||(63,508)||(10,554)||(45,796)|(119,858)|180,450|
|Transfer between|funds||3343||4651||7994|||
|Fund balance as at||||||||||
|31 March 2022|||481,665||34423||291,815|807903|9?2,761|
|NALYSIS OF NET ASSETS BETWEEN||||FUNDS||||||
|023:||||||||||
|||||Restricted||Restricted||||
|||Unrestricted|||fund|fund||Total|Total|
||||fundsf|projects<br>f||capital<br>f||2023f|2022f|
|Tangible fixed assets|||314,?02|||310,938||625,640|419,966|
|Investment||||2||||2|2|
|Current assets less||||||||||
|creditors|||232|849|63,189|||296038|38T935|
||||547,553||63189|310938||921 680|807903|
|022:||||||||||
|||||Restricted|Restricted|||||
|||Unrestricted||fund|fund||Total||Total|
|||fundsf||projects<br>f|capital<br>f||2022f||2021<br>f|
|Tangible fixed assets||128,151|||291,815||419.966||409,211|
|Investment|||2||||2||2|
|Current assets less||||||||||
|creditors||353|512|34423|||387935||518548|
|||481|665|34,423<br>291 815|||807,903||92T761|



## 

## 



## 

## 

|2023:||||||||
|---|---|---|---|---|---|---|---|
||||Fund||||Fund|
||||balance|||Transfers|balance|
||||at 1 April|||in/(out)|at 31 March|
||||2022|Income|Expenditure|general fund|2023|
|projects||||||||
|Capital Reserve|||9,277|||(9,277)||
|Circus School Equipment|||1,388|||(1,388)||
|Architectural<br>Heritage||||74,242|70,824||3,418|
|Fund —ice House|Project|||||||
|The National<br>Lottery||||||||
|Community<br>Fund|||2,005|28,180|19,116||11,069|
|Norfolk Community||||||||
|Foundation:||||||||
|- Norfolk Recovery||||||||
|Fund||||||(713)||
|Norfolk County Council||||||||
|- Eyeful Tower||||45,000|37,600|(7,400)||
|Interreg||||||||
|Historic England—||||||||
|Heritage Action Zone|||21,040|36,000|46,328||10,712|
|National<br>Heritage|Lottery|||37,990|||37,990|
|Fund||||||||
||||34,423|221,412|173,868|(18,?78)|63,189|
|Capital||||||||
|ACE Capital —2015/1||6|141,997||16,425||125,572|
|ACE<br>Small<br>Capital||||||||
|2018/19, including|Norfolk|||||||
|County<br>Council|capital|||||||
|grant,<br>Virgin|Money|||||||
|Foundation<br>grant||and||||||
|Geoffrey Watling<br>Charity)|||145,922||12,472||133,450|
|Great<br>Yarmouth|BC|||||||
|Winter Adaptations|||3,896||1,480||2,416|
|Great<br>Yarmouth|BC|||50,000|500||49,500|
|Purchase ofice House||||||||
||||291,815|50,000|30,877||310,938|
||||326238|271,412|204 745|18778|374,127|





## 

## 

|MOVE|MOVE|MENT<br>IN RESTRICTED FUNDS (CONTINUED)|MENT<br>IN RESTRICTED FUNDS (CONTINUED)|MENT<br>IN RESTRICTED FUNDS (CONTINUED)|MENT<br>IN RESTRICTED FUNDS (CONTINUED)|MENT<br>IN RESTRICTED FUNDS (CONTINUED)|
|---|---|---|---|---|---|---|
|Details||ofrestricted funds|||||
|Architectural||||Heritage||Funding<br>to begin<br>development<br>work<br>on the scheme<br>to develop<br>the|
|Fund||||||historic IceHouse on the South Quay ofthe river Yare in Great Yarmouth,|
|||||||comprising<br>ofdetailed design plans, planning<br>permission<br>and fundraising|
|||||||activity.|
|The National||||Lottery||Three years'<br>funding<br>to support<br>people<br>to become<br>more<br>active<br>and|
|Community||||Fund||connected to their communities<br>through access to facilities and activities|
|||||||including<br>Family Saturday<br>events;<br>making<br>workshops;<br>circus skills and|
|||||||training<br>opportunities.|
|Great Yarmouth||||||Funding to provide spaces toenhance COVID social distancing,<br>including|
|Borough Council—||||||the<br>improvement<br>of outdoor<br>spaces<br>that<br>are<br>utilised<br>for charitable|
|Winter|Adaptions|||||activities.|
|Fund|||||||
|Historic||England—||||Athree-year funded<br>cultural regeneration<br>programme<br>working<br>with artists|
|Heritage||Action|||Zone|and<br>communities<br>to celebrate<br>Great<br>Yarmouth's<br>unique<br>character,|
|||||||heritage,<br>and<br>national<br>significance<br>as<br>a<br>centre<br>for<br>circus<br>and|
|||||||entertainment.|
|National||Heritage||||Funding<br>from<br>National<br>Heritage<br>Lottery<br>Fund<br>toward<br>the development|
|Lottery|Fund|||||phase<br>of the<br>Ice House<br>project —including<br>a 6 month<br>community|
|||||||consultation<br>programme<br>and activity plan development<br>and work toward|
|||||||the submission<br>of a F1.96 million<br>bid for Ice House Capital Works and|
|||||||Engagement<br>project delivery<br>in 2024-25.|
|ACE Capital|||2Q15/16:|||A Treasury<br>Grant,<br>administered<br>by the<br>Arts<br>Council,<br>as part of the|
|||||||Government's<br>Long-term<br>Economic Plan for the East. f125,000ofthe|
|||||||funding<br>provided<br>was to enable repayment<br>offinance debts ofthe Trust|
|||||||and therefore<br>help towards<br>putting<br>it on a sound<br>longer term financial|
|||||||position,|
|ACE|Small||||Capital|Capital<br>Funding<br>from Arts Council<br>England<br>to support<br>minor works and|
|2018/19||||||equipment<br>in the Drill House and conversion<br>of three adjacent storage|
|||||||sheds<br>into additional<br>facilities. This includes<br>a f10,000 match-funding|
|||||||contribution<br>from<br>Norfolk<br>County<br>Council,<br>a F35,000 match-funding|
|||||||contribution<br>from The Virgin Money Foundation<br>and a E6,000grant from|
|||||||the Geoffrey Watling Charity.|
|Great|||Yarmouth|||Funding<br>toward<br>the purchase<br>of the Ice House<br>building<br>and<br>Capital|
|Borough||Council||||Works scheme via Towns Deal Funding|





## 

## 

## 

|2022:||||||||||
|---|---|---|---|---|---|---|---|---|---|
||||Fund||||||Fund|
||||balance|||||Transfers|balance|
||||at 1 April|||||to/(from)|at 31 March|
||||2021|Income<br>K||Expenditure<br>f||generalfund|2022|
|Projects||||||||||
|Capital Reserve|||9,277||||||9,277|
|Arts Council England||East||||||||
|—Cultural<br>Recovery||Fund||80,000||80,000||||
|Circus School Equipment|||2,195||13||820||1,388|
|Roundabout<br>Europe|||(306)|6,519|||937|(5,276)||
|Architectural|Heritage||3,727|45,000||48,726||(1)||
|Fund||||||||||
|The<br>National|Lottery|||||||||
|Community<br>Fund||||14,090||12,085|||2,005|
|Norfolk Community||||||||||
|Foundation:||||||||||
|Norfolk Recovery|Fund|||||||||
||||5,504|||4,791|||713|
|The Council ofEurope—||||||||||
|European<br>Heritage|Day||(769)||278|||491||
|-<br>Norfolk County||||||||||
|Council||||||||||
|- -Active Norfolk||||4,500||4,635||135||
|(Sport England)||||||||||
|- - Big Norfolk||||||||||
|Holiday Fun||||7,000||7,000||||
|Historic England—||||||||||
|Heritage<br>Action Zone|||30,000|36,000||44,960|||21,040|
||||49,628|193,400||203,954||(4,651)|34,423|
|Capital||||||||||
|ACE Capital —2015/16|||169,623|||27,626|||141,997|
|ACE<br>Small<br>Capital||||||||||
|2018/19, including|Norfolk|||||||||
|County<br>Council|capital|||||||||
|grant,<br>Virgin|Money|||||||||
|Foundation<br>grant||and||||||||
|Geoffrey Watling<br>Charity)|||155,168|||17,240||7,994|145,922|
|Great<br>Yarmouth|BC|||||||||
|Winter Adaptations|||4,826||||930||3,896|
||||379,245|193,400||249|750|3343|326238|





## 

## 

## 

## 



## 

## 

## 

|||||Total|
|---|---|---|---|---|
|||Unrestricted|Restricted|Funds|
|||Fund|Fund|2022|
|||||R|
|Income from:|||||
|Grants and donations||920,739|193,387|1,114,126|
|Investments||37|-|37|
|Charitable<br>activates||130,831|13|130,844|
|Total income||1,051,607|193,400|1,245,007|
|Expenditure<br>on:|||||
|Raising funds||3,566||3,566|
|Charitable<br>objectives||1,097,521|203,954|1,301,475|
|Governance<br>costs||19,940||19,940|
|Impairment<br>loss/charge|for depreciation|9,232|45,796|55,028|
|Total expenditure||1,130,259|212,810|1,380,009|
|Net income I(expenditure)|||||
|before tax for the year||(78,652)|(56,350)|(135,002)|
|Taxation||15,144||15,144|
|Net income I(expenditure)|||||
|after tax for the year||(63,508)|(56,350)|(119,858)|
|Net movement<br>in funds||(66,851)|(53,007)|(119,858)|
|Reconciliation<br>offunds:|||||
|Total funds brought<br>forward||548516|379245|927761|
|Total funds carried forward||481 665|326 238|807903|