## ## |Trustees||P M Bannister||| |---|---|---|---|---| |||K J Morris OBE||| |||C F Stocker||| |||Sir T Lankester||| |||V Chitty||| |||BWood||| |||H Deakin||| |||TAllan||| |Secretary||S Daykin||| |Charity number||1139767||| |Company|number|07279065||| |Principal address||The Maltings||| |||Staithe Street||| |||Wells-Next-The-Sea||| |||Norfolk||| |||NR23 1AU||| |Registered|office|The Maltings||| |||Staithe Street||| |||Wells-Next-The-Sea||| |||Norfolk||| |||NR23 1AN||| |Auditor||Mapus- Smith tt|Lemmon|LLP| |||48 King Street||| |||King's
Lynn||| |||Norfolk||| |||England||| |||PE30 1HE||| |Bankers||The co-operative|bank|| |||PO Box250||| |||Skelmersdale||| |||WN8 6WT||| ## ## |||Page| |---|---|---| |Trustees'
report||1-6| |Statement
oftrustees'|responsibilities|| |Independent
auditor's|report|8-10| |Statement
of financial|activities|| |Balance sheet||12| |Statement
of catch flows||| |Notes to the financial|statements|14-29| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---|---|---| |||||funds|funds||funds|funds|| |||||2022|2022|2022|2021|2021|2021| ||||Notes|8|8||8|f.|6| |Income from:|||||||||| |Donations
and|legames|||93,914|76,100|170,014|321,328|160,450|481,778| |Charitable
activities||||76,646||76,646|9,692||9,692| |Other trading
activities||||258,569||258,569|110,472||110,472| |Total income||||429,129|76,100|505,229|441,492|160,450|601,942| |~E*
dit|||||||||| |Raising funds||||278,476||278,476|140,718|45,223|185,941| |Charitable
activities||||244,051|297,954|542,005|180,371|284,239|464,610| |Total expenditure||||522,527|297,954|820,481|321,089|329,462|650,551| |Net outgoing|resources||||||||| |before transfers||||(93,398)|(221,854)|(315,252)|120,403|(169,012)|(48,609)| |Gross transfers||between|||||||| |funds||||(79)|79||||| |Net expenditure||for the|year(||||||| |Net movement||in funds||(93,477)|(221,775)|(315,252)|120,403|(169,012)|(48,609)| |Fund balances|at 1 April||2021|254,398|3,935,694|4,190,092|133,995|4,104,706|4,238,701| |Fund balances||at 31March|||||||| |2022||||160,921|3,713,919|3,874,840|254,398|3,935,694|4,190,092| ## ## ## |||||2022||2021|| |---|---|---|---|---|---|---|---| ||||Notes|||6|| |Fixed assets|||||||| |Intangible
assets|||11||13,533||| |Tangible assets|||12||3,915,662||4,139,623| ||||||3,929,195||4,139,623| |Current assets|||||||| |Stocks|||13|13,026||9,211|| |Debtors|||14|5,443||16,185|| |Cash at bank and|in|hand||20,164||98,786|| |||||38,633||124,182!|| |Creditors: amounts||falling due within|||||| |one year|||16|(48,988)||(21,713)|| |Net current
(liabilities)/assets|||||(10,355)||102,469| |Total assets less|current liabilities||||3,918,840||4,242,092| |Creditors: amounts||falling due after|||||| |more than one year|||17||(44,000)||(52,000)| |Net assets|||||3,874,840||4,190,092| |Income funds|||||||| |Restricted
funds|||19||3,713,919||3,935,694| |Unrestricted
funds|||||160,921||254,398| ||||||3,874,840||4,190,092| ## ## ## |||||2022||2021|| |---|---|---|---|---|---|---|---| ||||Notes|||F|| |Cash flows from operating||activities|||||| |Cash (absorbed
by)/generated
from|||23||||| |operations|||||(51,156)||78,771| |Investing|activities||||||| |Purchase|of intangible
assets|||(14,500)|||| |Purchase|oftangible
fixed assets|||(4,966)|||| |Net cash|used in investing|activities|||(19,466)||| |Financing|activities||||||| |Repayment|of borrowings|||(8,000)||(8,000)|| |Net cash used in financing||activities|||(8,000)||(8,000)| |Net {decrease)/increase
in||cash and|cash||||| |equivalents|||||(78,622)||70,771| |Cash and|cash equivalents|at beginning|ofyear||98,786||28,015| |Cash and|cash equivalents|at end of|year||20,164||98,786| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Leasehold|improvements|25% straight
line|basis| |---|---|---|---| |Other equipment||10year straight|line basis| |Computers|and office equipment|33.33%straight|line balance| |Interpretation
centre||10year straight|line basis| |Theatre||10year straight|line basis| |Cafe and|bar|10year straight|line basis| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---| |||funds|funds||funds|funds|| |||2022|2022|2022|2021|2021|2021| |||E||E|E|E|E| |Donations|and gifts|39,009|25,000|64,009|137,993|16,200|154,193| |Grants receivable||35,211|51,100|86,311|162,596|144,250|306,846| |Patrons and Fnends|||||||| |Scheme||19,694||19,694|20,739||20,739| |||93,914|76,100|170,014|321,328|160,450|481,778| |Grants receivable for|||||||| |core activities|||||||| |Other||35,211|51,100|86,311|162,596|144,250|306,846| |||35,211|51,100|86,311|162,596|144,250|306,846| |Charitable|activities||||||| |||||||Operation
of|Operation
of| |||||||Wells|Wells| |||||||Maltings|Maltings| |||||||2022|2021| |||||||E|E| |Income from entry charges||to events and|other activities|||76,646|9,692| ## ## ## ||||Unrestricted|Unrestricted| |---|---|---|---|---| ||||funds|funds| ||||2022|2021| ||||8|| |Cafe 8 bar income|||206,598|85,152| |Retail|income||7,274|5,911| |Letting|and hire income||40,697|15,409| |NNDC|—TIC service level agreement||4,000|4,000| |Other|trading|activities|258,569|110,472| ## ## |6|Raising funds|Raising funds|||||| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Total| |||||funds|funds|2022|2021| ||Fundraisin|and|ubhcit||||| ||yyebsite costs|||1,144||1,144|920| ||Staff costs|||23,525||23,525|17,742| ||Support costs|||9,279||9,279|1,481| ||Fundraising|and|publicity|33,948||33,948|20,143| ||~Td
i||||||| ||Other trading|activities||72,803||72,803|37,144| ||Staff costs|||129,276||129,276|121,461| ||Support costs|||42,449||42,449|7,193| ||Trading costs|||244,528||244,528|165,798| |||||278,476||278,476|185,941| ||For the year|ended 31 March 2021|||||| ||Fundraising|and|publicity|14,875|5,268||20,143| ||Trading costs|||125,843|39,955||165,798| |||||140,718|45,223||185,941| ## ## ## |||||2022|2021| |---|---|---|---|---|---| |||||8|8| |Staff costs||||121,464|110,484| |Premises
insurance||||6,521|6,218| |Property expenses||||23,885|21,397| |Professional
fees and||health|and safety||| |||||546|928| |Repairs and maintenance||||5,934|11,082| |Postage, stationery|and advertising|||28,700|12,806| |Telephone
and internet||||2,003|2,131| |Miscellaneous||||3,305|150| |Licences||||795|727| |Credit charges||||2,543|1,435| |Recruitment
expenses||||4,588|1,477| |VVebsite costs||||8,007|5,669| |Presentation
ofartistic||events||63,854|9,948| |||||272,145|184,452| |Share of support costs (see note 8)||||264,610|274,328| |Share ofgovernance||costs (see note 8)||5,250|5,830| |||||542,005|464,610| |Analysis
by fund|||||| |Unrestricted
funds||||244,051|180,371| |Restricted
funds||||297,954|284,239| |||||542,005|464,610| ## ## ## ## |Support costs|||||||| |---|---|---|---|---|---|---|---| |||Support|Governance|2022|Support|Governance|2021| |||costs|costs||costs|costs|| ||||8||F|8|| |Staff costs||40,270||40,270|11,006||11,006| |Depreciation||229,898||229,898|239,937||239,937| |Premises costs and|||||||| |insurance||21,979||21,979|19,057||19,057| |Professional
fees and|||||||| |health and safety||364||364|619||619| |Repairs and
maintenance||5,398||5,398|3,115||3,115| |Postage, stationery
advertising|and|7,175||7,175|3,202||3,202| |Telephone
and internet||1,335||1,335|1,383||1,383| |Miscellaneous||2,204||2,204|100||100| |Credit charges||1,695||1,695|957||957| |Computers,
software
website|and|6,020||6,020|3,626||3,626| |Audit fees|||5,250|5,250||5,830|5,830| |||316,338|5,250|321,588|283,002|5,830|288,832| |Analysed
between|||||||| |Fundraising||9,279||9,279|1,481||1,481| |Trading||42,449||42,449|7,193||7,193| |Charitable
activities||264,610|5,250|269,860|274,328|5,830|280,158| |||316,338|5,250|321,588|283,002|5,830|288,832| ## ## |2822|2021| |---|---| |Number|Number| |23|22| ## ## |10|Employees||(Continued)| |---|---|---|---| ||Employment
costs|2022
f|2021
E| ||Wages and salaries|293,284|243,772| ||Social security costs|17,314|14,264| ||Other pension costs|3,937|2,657| |||314,535|260,693| ## |Intangible
fi|xed asse|ts|| |---|---|---|---| ||||Website development| ||||E| |Cost|||| |At 1 April 2021|||| |Additions
- separately||acquired|14,500| |At 31 March|2022||14,500| |Amortisatton|and impairment||| |At 1 Apnl 2021|||| |Amortisation|charged|for the year|967| |At 31 March|2022||967| |Carrying
amount|||| |At 31 March|2022||13,533| |At 31 March|2021||| ||||||||||||||QO
(0
al
O|Pl
CD
CO||||Pt(0
al| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||||||||'(C| |||||td
Cl'a0
td|||||O
CD
Pl(0|(U|||(0
(0|Pt
CD|OOOP!|||| |||||Ql||||||||||||||| |||||QI0||||||||||||||| |||||Ql
ld|||||I0
CDO||(0
alO||(0
O|0||||CO(0| |||||Ql
I-|||||||||(0|Pl||||O(0| |||||00
I!
Ql
a.|dl
0d!It||||O||Pl||O
(0
(0|O
Pl
Pl||||| |||||0||||||||||||||| |||||(Q
E
0|dt(I
0
ll0|0
dt
E
CL
0'
dt|Itt||||NPl(0
Pl||CD
O
(0|Pl
CU|||PtO|| |||||dt|0|||||||||||||| ||||||Ql|||||||||||||| |||||E
Oa||||||||||||||| ||||||0"|||||||||||||| ||||||Ql|||||||||||||| |||||0|Ql|||||||||||||| |||||IQ
III|E|||||||||||||| |||||dt
Ql|0a.|||||||||||||| ||||||E|||||||||||||| ||O|||||||||||||||||| ||zI-z0u|||||||||||||||||| ||N|||||||||||||||||| ||Z|||||||||||||||||| ||IU|o||||||||||||||||| |||PU||||||||||||||||| ||lU|o||||||||||||||||| |CO|u)|||||||||||||||||| |||||||||||||v
00||m||||| |I|u|||||||||||||||||| |rn
O
z
I-
c(
g)|&
z
z
Z
I-
S
UJI-|4l
a
z
Q'.
Ul|Ql
m
ID
ld'0
IC
0
al0
td|||||Ql
O|O
Cl.
CC|Id
0
'6'0|(U
O
Pl
0
ld|ld0.
g
0
ld
00
QI
Qt
cc
0
0|'0
ml
(Q
0
O 0
N
—(Q
CC 0
(C
Ql
0(
Ql
C!' O||O
0
m|0
E
ld
al
O|CU
CU
(U
m
0
m
Pt
QC|(UO
0
m| ||Z|P|CU|||||||||||||||| ## ## ## |13|Stocks|||||| |---|---|---|---|---|---|---| ||||||2022|2021| ||||||6|6| ||Finished|goods and goods for||resale|13,026|9,211| |14|Debtors|||||| ||||||2022|2021| ||Amounts|falling due within one year:|||f|f.| ||Trade debtors||||3,286|11,866| ||Other debtors||||220|2,310| ||Prepayments||and accrued income||1,937|2,009| ||||||5,443|16,185| |15|Loans and overdrafts|||||| ||||||2022|2021| |||||||6| ||Otherloans||||39,000|45,000| ||Loans from related parties||||13,000|15,000| ||||||52,000|60,000| ||Payable|within|one year||8,000|8,000| ||Payable|after|one year||44,000|52,000| ||Amounts|included
above which||fall due after five years:||| ||Payable|by instalments|||10,750|24,000| ## ## ## ## |16|Creditors: amounts||fa|lling|due within one year||||| |---|---|---|---|---|---|---|---|---|---| ||||||||Notes|2022f|2021f| ||Borrowings|||||||8,000|8,000| ||Other taxation and social secunty|||||||7,878|2,399| ||Deferred income||||||18||2,080| ||Trade creditors|||||||26,390|2,255| ||Accruals
and deferred|||income||||6,720|6,979| |||||||||48,988|21,713| |17|Creditors: amounts||falling||due after more than one|year|||| |||||||||2022f|2021
E| ||Borrowings|||||||44,000|52,000| |18|Deferred income||||||||| |||||||||2022|2021| |||||||||E|E| ||Other deferred
income||||||||2,080| ||Deferred income is|included|||in the financial statements|as follows:|||| |||||||||2022|2021| |||||||||f|E| ||Deferred income is|included|||within:||||| ||Current
liabihties||||||||2,080| ||Movements
in the year:||||||||| ||Deferred income at|1|Apnl 2021|||||2,080|| ||Released
from previous|||penods||||(2,080)|| ||Resources deferred|in||the year|||||2,080| ||Deferred income at|31||March 2022|||||2,080| ||||||||N|40I|40I|Vt||~Q
Gt|'|Dl||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||CDI||||CA||||||||| ||||||||«N|||CD
ID||(0
P\|'|c«||||||||| |||||N|||Vl|VI||(D||||||||||||| |||||QlN0|||(Q|||Pl||||||||||||| |||||«L||||||||||||||||||| ||||||||N||4t|||||||||||||| |||||CL0
0|||N
fhL|||||||||||||||| |||||Ql0.||||||||||||||||||| |||||V(
0
Vl
0|Vl
L
V
L
Ql||Ifl
Ql
O
0
VI|11
QI
11«
a
GI|IN|||IA
IAI|0
00
CG|0
IA
Vl|0
0
IA|Ct0
C
CI|||CI
CI
CI
IA|0
0
(0
Vl|CD
I
IA|| ||||||E|||||||||||||||||| |||||Ql
ifl
Gl
Ot0|Ql
0
K||«IN
C 4
E 00
~I||4l|||||Ct
Cl
Cl
IA||||||0
0
(D
Vl|0
0
IA|0
CI
(0| |||||(Q||||||||||||||||||| |||||Vl
0
(G
0
10|||4l
N N
Gl0
4 N
«—
N C
N a
Qt C|||Vt
Ct
CD
CD
IA(0
Vt||01
Pl
Gt|0
0
0
N|Cb
CD
CD
ID|0
O
IA|O
0
O
O|||CI
Cl
Cl|||| |||||8
Gl
(Q
JD
10
Gl'0|N
C|'0
QI
tQ
4|Ifl
Gt
4
0
N|'0
G!
'0«
a
GI|Ql||||||||CI
ICI
'Q|Cl
Ct
Cl
IA
Dl||Cl||(0
CD
Vl| |||||Ql
«L
Ql
«D|E
Ql
0|'«
N
Ql|«IN
C
Gl
E 0
0 0
4«NCI||W|||||0
0
0
IA|'|0
0
0
0|0
IA
At
G(|0
0
0
IA
01|0
0
0
IA|0
0
C(t||Cl
IAJ
Ct
CA| |||||5||||||||||||||||||| ||O|||0
Ql|||0
N N
GI0
4 N
«—|||01
Ct|IA
CA|||||||||||(0| ||zI-z0|||(Dl
Vl
CL
E00|||GI
N
Qt|a
&||IA
CI||||||||||||CI| ||O|||Vl
Cl||||||||||||||||||| ||zI-|||t3
Gl0||||||||||||||||||| |||RI||Vl||||||||||||||||||| ||ILI|0||Ql
Ql||||||||||||||||||| |u)||||C:|||||||||||||||L|||| |I
2
I-
ct.
'|c(
0
z
L4
Z
pI-
8
o
I-
z|III
III
o
0:
u.|IQ1lC
Qt
0
N0|Gl
0
Ql
0
Ql
E0
OC
Qt||||||Gl
N E
0 a
C: 0
Gl
Gl00
(D
I—0||C 0
Ql
L
E o
.aO
L
0
N
Ql
Ql||'0
C
LL
0
05
C
E
E00|C
4
L
Qt
E
0
Gl
Gtp
c|tQ
P
CO
tD
(D
Qt
E
LLI
O
ID
P
Qt
0
O|0
PtL
a
LL
IL'
tLI
O
0
0
Vl
CL'|C(t
Gl
0
Q
0
LL
O
OL
0
O
N|Gl
CV
O
Gt
2
C
0
Gl
0
LL
(Q
0
0
tQ|Gl0
(DO
(tl
(n &
I—LU
z 0
(0
VL||| ## ## |20|Analysis of net assets|between|between|funds|||||| |---|---|---|---|---|---|---|---|---|---| |||Unrestricted|||Restricted|Total|Unrestricted|Restricted|Total| |||||2022|2022|2022
6|2021
6|2021
6|2021f| ||Fund balances at 31||||||||| ||March 2022 are||||||||| ||represented
by:||||||||| ||Intangible
fixed assets|||13,533||13,533|||| ||Tangible assets||210,592||3,705,070|3,915,662|238,429|3,901,194|4,139,623| ||Current
assets/(liabilities)|||(19,204)|8,849|(10,355)|67,969|34,500|102,469| ||Long term liabilities|||(44,000)|-|(44,000)|(52,000)|—|(52,000)| ||||160,921||3,713,919|3,874,840|254,398|3,935,694|4,190,092| |21|Capital commitments|||||||2022|2021| |||||||||6|| ||At 31 March 2022 the the trust||had capital||commitments|as follows:|||| ||Contracted
for but not provided||in the financial statements:||||||| ||Acquisition
of intangible|assets|||||||14,500| ## |||2022|2021| |---|---|---|---| |Aggregate|compensation|41,467|41,554| ## ## ## ## ## ||The following|amounts|amounts|were outstanding|were outstanding|were outstanding|at the reporting|end date.||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||Amounts
owed to related|| ||||||||||||parties|| ||||||||||||2022|2021| ||||||||||||E|E| ||Other related|parties|||||||||13,000|17,000| |23|Cash generated
from|||operations|||||||2022|2021| ||||||||||||E|E| ||Deficit for the year||||||||||(315,252)|(48,608)| ||Adjustments|for:||||||||||| ||Amortisation|and impairment|||of intangible||assets||||967|| ||Depreciation|and impairment|||oftangible||fixed assets||||228,927|239,937| ||Movements|in working||capital||||||||| ||(Increase)
in|stocks|||||||||(3,815)|(1,621)| ||Decrease/(increase)||inl|debtors|||||||10,742|(4,281)| ||Increase/(decrease)||in|creditors|||||||29,355|(108,736)| ||(Decrease)/increase||in|deferred||income|||||(2,080)|2,080| ||Cash (absorbed
by)/generated|||||from operations|||||(51,156)|78,771| |24|Analysis
of|changes|in net||debt|||||||| ||||||||||At|1 April 2021|Cash flowsAt 31 March 2022|| |||||||||||E|E|E| ||Cash at bank and
in||hand|||||||98,786|(78,622)|20,164| ||Loans falling|due within||one year||||||(8,000)||(8,000)| ||Loans falling|due after||more than||one year||||(52,000)|8,000|(44,000)| |||||||||||38,786|(70,622)|(31,836)|