2020-12-31-accounts

Reglstèred number.. 07868028 Charlty number: 1148844 NORFOLK FWAG (A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

NORFOLK FWAG IA Company limited by guarantse) CONTENTS Page Reference and administrative details of the Company, 11$ Trust¢e$ and advlsers Trustees. report Independent examinerfs report Statement of financial actlvllles 10 Balance sheet Notes to the financial statements 13-23

NORFOLK FWAG (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020 Trustees G R Anderson {appointed 3 June 2020) J P B Barrell {appoinled 3 June 2020) J E R Daniels J Fiennes T N Guyer. ChaiTman R W Haddow. Vice Chaimian SELord J J L Mitchell MCRae C J Sayer I￿$10￿ed 4 November 20201 A R Thomlon D C Willis MBE Company reglstered number 07868028 Charlty reglstèrèd number 1148844 Rggistered offico Honingham Thorpe NOTh￿Ch Road Colton Norwich Norfolk NR9 5BZ Company secretary O C Willis MBE Independent examiner Larking Gowen LLP Chartered Accountants King Street House 15 Upper King Street Norwich NR31RB Page I

NORFOLK FWAG (A ¢ompany limited by guaranteo) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 The Trustees {who are also directors of the charity for the purposes of the Companies Acll presènt their annual report together yvilh the financial statements of Norfolk FWAG (the company) for the year ended 31 December 2020. The Trustees confirm that the Annual Report and financial statements of the company comply with the cur¥enl stalulory requirements. the reqviremenis ol Ihe company's governin9 documenl and the provisions of the Slalemenl of Recommended Practice ISORPI, applitable lo charities P￿parIng Iheir accounts in accordance wilh the Financial Reporting Standard appliGable in the UK and Republic of Ireland IFRS 1021. Objectives and activities a. POLICIES AND OBJECTIVES Mission Statement To PTovide the best independent farm conservation advi￿ and guidance lo our members and Provide the facilities for environmental opportunities. Vlslon Statement Norfolk FW AG will facililate change on the ground to benefil habitats and speues associaled wilh or occurring on larmland. The Charity's Objects: 1. By encouraging land owneFS. fam)ers and other stakeholders lo wnanage their land in such a way as lo promote, the conservation, protection and improvement of the physical and natural environment for the benefit of the public. 2. To advance the education of the public. particularfy the farming community and the agricultural sector in conservation and biodiversity. The actlvitles of the Charity are as follows: Support farmers in their work lo deliver wildlife conservation within produclive famiing systems. Provide famers and landowners wilh the best independent te¢hni¢al advice and pracliGal guidance on environmental enhan￿ment of Ihe farmed environment. Preserve natural resources on & off farm, such as soil & water. Seek to work with landowners to presetve and maintain the historic environment and landscape herilage inherited by farmers today. Inspire and communicate the importance of conservation on larmland lo farmers. future generations and the wider public_ Work in collaboration with partner organisalions and other FWAG groups. Inform members of wider er)vironmental issueslschemes and a￿sS lo funding. Page 2

NORFOLK FWAG (A company limited by guarantee) TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 Objectives and activities {continued} Norfolk FWAG offers a range of services including- Applications for Countryside Stewardship Schemes. Compliance checks. B¢sl praclice conseNabon advice. Species surveys, habilal management ￿annIng and advi￿. Farm Environment Plans. Facililalion of Farmer Groups Farm Assurance schemes Achievements and Performance BUSINESS MANAGERS REPORT FOR 2020 - REVIEW OF ACTIVITIES Staff Norfolk FWAG had five members of staff during 2020: Mike Edwards- Business Manager Henry Walker - Farm Environment Adviser Charlie Ennals - Farm Environment Adviser Sasha Ellis- Farwn Environment Support Adviser Sallyanne Brock- Accounts and Adminislralion Support Mike Edwards was appointed Business Manager in March 2018. Fdlowng the adminislr¥lion ch¥nges with Anglia Farmers, Sallyanne Brock was appointed lo the part time PKisilion of Accounts and Administration Support in February 2018. Sash Ellis was added lo the team in February 2020 to provide support to the Farm Environment Advisers. During 2020 ihe Norfolk FWAG team were busy wilh a whole range of environmental projects-. Chargeable Work HLSI ELSI CS care and maintenan￿_ Countryside Stewardship Mid Tier and Higher Tier appli¢ali4)llS. Woodland Management Plans. Permissive Access Agreements. Farm Advice Land Management Advice contracl for DEFRA IFALMAI Species Surveys on Farmland Farm Assurance Schemes e.g. Leaf Marque DEFRA Test & Trials for E_L.M Page 3

NORFOLK FWAG (A Company lirn5ted by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 (continued) ProSect Work Facilitation Funds - landscape scale conservation (Wensum, Wissey and Glaven}. Norfolk Ponds Project. Broad's HLF. Water Mill and Marshes- Broadland Tales of Ihe Past and Broads Land Managemenl Proje¢t The Campaign for the Farmed Environment ICFE) 1 Million Trees in Norfolk foT Norfolk County Coun(il PrIn￿S Trust Farm Resilien￿ Programme In 2020 our work has mainly focussed around chargeable work to deliver Countryside Stewardship S¢hemes in conjunction with our members_ Several areas ol proje¢l WO￿ have been 'on hold. due to the Covid 19 pandemic due lo the inability lo bring farwners together for events due to Covid restrictions. Environmental Educatlon: Events Norfolk FW AG We￿ unable to run our nom)al series of Fami Walks due to the Covid 19 reslriclions in place for much of 2020. An event focused on hedgerow managemenl was held in January 2020 with the MacGregor Farming Partnership al Mill Farm, Great Wild)ingh8m, which was very well atlended. Partnership working Norfolk FWAG continued lo represent famers and landowners on the Norfolk Coast Partnership. Broads Biodiversity Partnership, Broaijs Agri-Environment Steering Gioup, Norfolk Local A¢¢ess Forum. NBIS Steering Group, Waveney Calchmenl Partnership. Broadland Calchmenl Partnership. County Wildlife Sile Partnership, Waveney Cal¢hment partnership, Norfolk Rural Stralegy Group and Cut-off Channel Partnership. We also conlinued lo give feedback on the delivery of Counlryside Stewardship to Nalural England and continue to provide feedback on the new Environmental Land Management scheme being Prepared by DEFRA as well as being actively involved in the tests & trials process. Page 4

NORFOLK FWAG IA company limited by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 . FINANCIAL REVIEW Complele income statements and forecasl summaries are Compiled and distributed to the Trustees each month. Age of debt reports are produced quartedy. Board meelings a￿ held every 3 monlhs and these all have complete agendas lo include management accounts, minuled and the minutes are dislfibuled to the Trustees. Total income for the period was £206.405 and expenditure was É180.619. The surplus for the year was £25,786. The combinab'on of chargeable work and proiecl income was the main source of finance during the whole financial year as the table below shows_ 2019 2020 Total £ turnover £210,296 £206,405 Chargeable income Project Membership 58% 22% 20% 58% 23% The Iruslees agreed that under its Charitable status Norfolk FWAG has a sound financial footing. Reserves Policy An outline policy on reserves was agreed when Norfolk FWAG was ￿c￿pOraIed on 1 December 2011. The approach was &g￿e￿ in early 2012 by the appointed Trustees al the time and subsequently ralified by the Board. Reserves were lo be built up during ils first year and maintained al a level which ensures that Norfolk FWAG'S core aclivily could continue during a period of any unforeseen difficulty. The reseryes themselves are lo be as cash reserves with Ihe bank and Iherefore reatyily realisable. ExpentJ1lu￿ is Carefully managed and forecasted. Taking into conside¥alion projected salary and administralion costs Ihe lalget surplus required was initially set al £15,000 and subsequently inC￿aSed lo £35.(K>O. The balan¢e sheet al 31 December 2019 showed lolal funds of £43,340 and Trustees decided to Increase targel surplus lo £75.000 as prudent financial policy and this was Communicated at the 2020 AGM. A summary of the risks lo income are= Un￿rtainlY around Agri-environmenl schemes followng Ihe UK'S wlhdrawal from the EU Competition from land agents and other advisers in Norfolk Natural England budget reductions Oulbreaks of pandemics reslricting staff movement In 2019 the Trustees considered the Cownpany's position al the tirne of signing the financial 51atemenls, and the ¢urrenl issues caused by Covid-19 and ils polential impact on Ihe Company and Ihe wider economy. Based on this, the Trustees concluded that Ihey have a ￿asOnable expe¢tslion that Ihe Company will have 2deqiJale resources to continue in operational existence for Ihe foreseeable future, and, based on the e￿nomIC environment recovering within the timeframe currently being widely anlicipated, al leasl twelve months from the dale of signing these financial slalemenls, they therefo￿ Continue lo adopt the going concern basis of accountin9 in preparing these financial slalemenls. The 2020 Financial Results have shown that this decision was ¢orrecl in returning one of our besl cesulls lo date. Although cautious aboul ongoing business the Trustees have agreed staff developments lo meet an increasing demand foi our range of sefvices. Page 5

NORFOLK FWAG IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 Funds Held as Custodlan The Charity administers the Connecting Nature Fund Grant Scheme on behalf of Norfolk County Council. which is for projects lo lessen the impact on the wider environment of large-scale development. The ¢harily has no enlillement lo the fund and hen￿ il is not recognised as income of the charity and is held in a sepaiale bank account. The charity is also holding Sum on behalf of Norfolk County Counul lo administer a series of Skylarf( mitigation inlervenlions. The charity has no enlillemenl to the fund and hence il is not recognised as income of the charity and is held in a separate bank account. Estate of Mary Evelyn Blornfield Trustees were notified in August 2020 by Clapham & Collinge Solicitors that Miss Blomfield left her residuary Eslale in equal shares to 11 charities, one of which is Norfolk FWAG. On the 8th January 2021, Trustees were informed that the Granl of Probate was issued on 31 sl December 2020 and that an inlerirn payment would be made of £25,000 which was received on the 29th January 2021.The final distribution will be made on 1st July 2021. The amounls are not recognised in the financial slalemenls. Structure, governance and management a. Constitution The company is registered as a charitable company limited by guarantee and was sel up by a Memorandum of Assooalion on 1 December 2011 which was subsequenuy amended on 30 May 2012. The principal object ol the company is to encourage land owners, farmers and other stakeholders lo manage their land in such a way as to promole for the benefit of the public. the conservation, protection and improvement ol the physical an¢J natural environmenl. Also. to a¢Jvan¢e the edLJcation of Ihe public. particularly Ihe farming community and the agricullufal sector in consetvation and biodiversity. b. Methods of appointm¢nl or election of Trustees Charles Sayer. Joe Martin and Clarke Willis were the Original Directors of Norfolk FWAG and be¢ame Trustees when (he Charity was formed in 2012. Richard Gurney and Lord Julian Romney joined as Charity Trustees in 2012. Richard Gumey retired in 2015 and Lord Julian Romrhey in 2017. Andrew Thornton was appointed in De￿mber 2013, Tim Guyer in April 2014 and Ross Haddow in August 2014. Jake Fiennes and Jon Daniels We￿ appointed in July 2016. Sue Lord was appointed in November 2017. In 2018 Michael Rae was appointed and Joe Martin stepped down. Al the AGM in 2019 Joe Mitchell was appoinled. Al the 2020 AGM on the 4th November {held by video Conference due lo the global pandemic} Glenn Anderson and John Barrett were appointed and Charles Sayer slepped down. The Char¢ty has pul in place a succession plan for both the Board lo keep a fresh business approach. Page 6

NORFOLK FWAG IA company limited by guarantee) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 OECEMBER 2020 Structure, governance and management (Continued e. Organlsatlonal structure and decisionwmaking policies As well as the Irustees and board of directors the charity has an executive steering group and three lull time members of staff. The day lo day running of the Charily is managed by Tim Guyer {Chairmanl, Ross Haddow Ivice-chairmanl and ClaTke Willis {Company Se¢retary}- The sleering gloup consists of a range of interested partie5 and well-known organisations including, ¢onservalion groups, Irusis, councils. landowners and farmers. The sleellng group's roles and responsibilities are as follows.. Profile raisinglNetworking Technical support Events Fundraising Developing project ideas The Trustees, who have many combined years in Ihe charitable and commercial seGtOTS have all been provided with acldilional guidan¢e an¢J- A summary version of the Charity Commission's Essential Guide. Norfolk FWAG Business Plan. Norfolk FWAG Managemenl AGcounls on a fegular monthly basis. Statement of Truslees. responsibilities The Trustees (who are a150 the directors of the Company for the purposes of company law} are responsible for preparing Ihe Trustees. report and the financial slalemenls in accordan￿ with applicable law and United Kingdom Accounling Slandards (United Kingdom Generally Accepted Accounb"ng Praclicel. Company law requires the Truslees lo prepare financial statemenls for each financial year. Under company law, the Trustees musl not approve the financial slalemenis unless they are salisfied that Ihey give a true and fair view ol the state of affairs of the Company and of ils incoming resources and appli¢alion ol resources, including ils income and expendilure. for Ihal period. In preparing these financial slalemenls. the Trustees are required to: select surtable accounting poli(ies and then apply Ihem consistenlly., observe Ihe methods and principles of the Chafilies SORP IFRS 1021- make judgments and accounling estimates Ihal are reasonaue and prudent,. state whether applicable UK A¢counling Siandards IFRS 102} have been followed. subject lo any material departures disclosed and explained in the financial slalemenls., prepare Ihtr financial statements on the going concem basis unless il is inappropriate lo p￿sum8 that the Company will continue in business. The Trustees are responsible for keeping adequale accounting records that are sufficient to show and explain the Company's Iransactions and disclose with ￿¥sOnable a¢¢uracy al any time the financial position of the Company and enable Ihem to ensure that the financial slalemenls comply with the Companies A¢1 2006. They are also responsible for safeguarding the assets of Ihe Company and hence for taking reasonable steps for the prevenlion and detection of fraud and other irregularities. Page 7

NORFOLK FWAG IA company limited by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 Approved by order of the members of the board of Tiustees and signed on their behalf by.. D C Willi5 Trustee and Company secretary Dale.. 30 June 2021 Page 8

NORFOLK FWAG

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Independent examiner's report to the Trustees of Norfolk FWAG ('the Company')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 December 2020.

Responsibilities and basis of report

As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.

Signed: Dated: 7 July 2021 Christopher Yeates FCA DChA

Larking Gowen LLP, Chartered Accountants King Street House 15 Upper King Street Norwich NR3 1RB

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NORFOLK FWAG {A company limited by guaranteo) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 DECEMBER 2020 Unrestricted funds 2020 Total funds 2020 Tol81 funds 2019 Note Incom¥ from: Donalions and1ega¢ies Charitable activities 920 920 205,485 205.485 210,296 Total income Expenditure on: Charitable activities 206.405 206,405 270.296 180,619 180.619 201,052 Total èxpendlturè 180,619 180,619 201,052 Net movement In funds Reconciliation of funds- Total funds brought forward Nel movement in funds 25.786 25,786 9,244 43.340 25.786 43,340 25.786 34,096 9,244 Total funds carried forward 69,126 69.126 43.340 The Slatemenl of financial activilies includes all gair)s and losses recognised in the year. The notes on pages 13 to 23 fom) part of Ihese financtal statements. Page 10

NORFOLK FWAG IA company limited by guarantee) BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2020 2020 2019 Note Fix¥d assats Tangible assets Inve51menls 1.499 20 2,242 20 10 1,519 2,262 Currant assèts Debtors Cash al bank and in hand 11 54.913 104,750 27,406 63,825 159.663 91,231 Creditors.. amounts falling due within one year 12 {92.056} (50, 153) Net Current assets 67.607 41.078 Total assets less current liabllities 69,126 43,340 Total nèt assèts 69.126 43,340 Page 11

NORFOLK FWAG {A company limited by guarant¢¢) BALANCE SHEET ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 2020 2019 Note Charity funds Reslricled funds Unrestricted funds 13 13 69.126 43,340 Total funds 69.126 43,340 The Company was entitled lo exemption from audit under section 477 of the Companies Act 2006. The members have not required the company lo oblain an audil lor the year in qL*estion in accordan￿ with section 476 01 Companies Act 2006. The Trustees acknowledge their responsibilities for complying with Ihe requirements of the Act with respect to accounting records and preparation of financial statemenls. The financial stalemenls have been p￿pared in accordan￿ wilh the provisions applicable to enlilies subject lo the small companies regime. The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by.. D C Willis MBE Dale.. 30 June 2021 The notes on pages 13 to 23 fom part of these financial statements. Page 12

NORFOLK FWAG (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 G6n8ral infomiation The Cotnpany is a company limited by guarantee. The members of the company are the Tiustees named on page 1. In the event of the company being wound up, the liabilily in respect of the guarantee is limited 10 £10 per member of the company. A¢counting poll¢les 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with Ihe Charib'es SORP IFRS 1021- Accounting and Reporting by Charities- Statement of Recommended Practice applicabl& lo charities preparing their a¢¢ounls in ac￿rdanCe with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019}, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and Ihe Companies Act 2006. Norfolk FWAG meeis Ihe definition of a public benefit enlily under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise statec5 in the relevant accounting policy. 2.2 Fund accounting General funds are unrestricled fijnds which are availatle for use al Ihe disuelion of the Trustees in furtheran¢e of the general objectives of the Company and which have not been designated for other purposes. 2.3 Golng concam The Trustees considered the Company s posilion al ihe lime of signing Ihe financial statements. Based on this. the Trustees have ¢on¢luded that they have a reasonable expe¢talion that the Company will have adequale reswrces lo continue in operational existence for the foreseeable future, and, al least twelve months from the dale of signing these financial stalemenls. They therefore continue to adopt the going concem basis of a¢counbng in prepariftg Ihese financial stalemenls. 2.4 Income All income is ￿cOgnised once the Company ha5 enlillement lo the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 2.5 Exptrnditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit to a third party. it is probable Ihal a transfer of economi¢ benefits will be required in selllemenl and the amount of the obligation car) be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the lotal ol direct costs and shared costs, in¢luding support costs involved in undertaking ea¢h activity. Direct costs allribulable to a single activity are allocated diTeGlly lo that activity. Shared costs which contribute lo more than one activity and support costs which are not altributable to a sitYJle aclivily are apportioned between those activities on a basis ¢onsislenl wlh the use of resouices. Central staff costs are allocated on the basis ol lime spent, and depreciation charges allocated on the tx>rtKin of the asset's use. Page 13

NORFOLK FWAG {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Accounting policies Icontinugdl 2.5 Expenditurè l¢ontinued} Expenditure on charitable activities is incurred on direcuy undertaking the activities which further the CoMpan￿S objectives. as well as any aSs￿lated Supp￿ costs. All expendilure is indusiv& of irrecoverable VAT. 2.6 Tangible fixed assets and depreciation Tangible fixed assets costing £NIL or more are (*pilalise(l and recognised when future economic benefiis are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised al ￿$1. Alter reC￿3n111On. under the cost model, tangible fixed assets are measured al cost less a¢cumu131ed depreciation and any accumulated impairmenl losses. All costs incurre¢J lo bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreuation is charged so as lo allocate the ￿$1 of tangible fixed assets less Iheii residual value over their eslimaled useful lives. Depreciation is provided on the following basis= Plant and machinery 33% Straight line 2.7 Investments Fixed asset investments are a form of fir)ancial instrument and are initially recognised al their transaction cost and subsequently measured at fair value at the Balance sheet dale, unless the value cannot be measured reliably in which case il is rneasured at cost less impairment. Investment gains and losses, whether realised or unrealised. are combined and presented as'GainsllLossesl on investments. in the Statement of financial activities. 2.8 Interest receivable Interest on funds held on deposil is included when receivable and the amount can be measured reliably by Ihe Company" this is nomally upon nolificalion of the inlerest paid or payable by the institution with whom the funds are deposited. 2.9 D8btors Trade and olheT debtors are recognised at Ihe selilement amounl after any Irade discount offered. Prepayments are valued al Ihe amounl prepaid net of any trade discounts due. 2.10 Cash at bank and in hand Cash al bank and in harKI indudes cash and short-lerrn highly liquid investments with a short maturity of three rmnlhs or less from the date ol acquisition or opening of the ¢Jeposil or similar account. Page 14

NORFOLK FWAG IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Accounting policies {continuedl 2.11 Liabilities and provisions Liabilities are recognised vthen there is an obligation al the Balance sheel date as a result of a past event, il is probable thal a Iransfer of economic benefit will be tequired in setuement, and the amount of the selllemenl ran be estimated reliably. Liabilities are recognised al the amount that the Company anlicipates it will pay to sellle the debt or Ihe amount il has received as advanced payments for the goods or services it musl provide. Provisions are measure¢J at the best estimate of the amounts required to settle the obligation. Where the effect of the lime value ol money is maleiial, Ihe provision is based on the present value ol those amounis, discounted at the pr&lax discount rale that ￿fleCtS the risks specific lo the liability. The unwinding of the discount is recognised in the Slatemenl of financial aclivities as a finance cost. 2.12 Flnan¢lal Instrumènts The Company only has financial assets and financial liabililies of a knrbd that qualify as basic financial inslrumenls. Basic financial inslrumenls are initially recognised at transaction value and subsequently measured at their seltlemenl value wilh the exception of bank loans which are subsequently measured at amortised Cost using Ihe effective interest method. 2.13 Pènslons The Company operates a defined conlribubon pension scheme and the pension charge represenis the amounts payable by the Company lo the fund in respect of the year. Income from donations Unrestricted funds 2020 Total funds 2020 Total funds 2019 Donalions 920 920 Page 15

NORFOLK FWAG IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Income from ¢haritablè activitles Unrestricted funds 2020 Total funds 2020 Subscriptions and joining fees Countryside slewardship Other con5ullancy Projects work 47.424 69,813 34,839 40,036 47,424 69.813 34.839 40,036 F li Woodland management Training and events SpecieslHabilal surveys Assurance schemes Sales of goods Permissive Access Sponsorship Other 312 312 600 600 1,957 6,441 2,392 831 500 1,957 6,441 2,392 831 5(KJ 340 340 Total 2020 205.485 205,485 Unreslricled funds 2019 Tolal funds 2019 Subscriptions and joining lees Countryside stewardship Other ¢onsullancy Projects work WoDdland management Training and ever)Is SpecieslHabilat surveys Assuran￿ schemes 42,890 63,521 21, 138 46,631 4,212 8,928 5,121 1,935 14, 191 1,197 532 42.890 63,521 21,138 46,631 4.212 8,928 5,121 1,935 74,191 1, 197 532 Sales of goods Permissive Access Other Total 2019 210,296 210,296 Page 16

NORFOLK FWAG {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Analysis of ex￿nditure by activitiès Activities undertaken directly 2020 Total funds 2020 Direct costs 180.619 180.619 Activities undertaken directly 2019 Tolal funds 2019 Direct costs 201,052 203.052 Page 17

NORFOLK FWAG IA company limited by guarant¢è} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ADaly$ls of expenditure by activities (Continued) Analysis of direct ¢osls Totsl fund5 2020 Activities 2020 Staff costs Depreciation Offi￿, rent, light an(J heat Travel costs Subscriplions Office consumables 141,983 1.480 5,945 4,485 2,438 4,079 2,336 141,983 1,480 5,945 4,485 2.438 4,079 2,336 Insuran F li Website and matketing costs Postage Sundry Telephone Training Accountancy Project costs Events costs Professional fees 889 889 296 135 296 135 929 1.051 1,400 8.775 781 929 1,051 1,400 8.775 781 2,306 1,067 244 2,306 1,067 244 Bad debts Bank charges Total 2020 180,619 180,619 Page 18

NORFOLK FWAG (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Analysis of èxp•ndlturè by activities (continued) Analysis of direct costs {continued) Tolal funds 2079 Activities 2019 Staff cosls Depreciation Office, rent, light an¢J heal Travel costs Subs¢riplions offi￿ consumables Insurance 129, 701 1, 150 10,686 7,745 1,470 3,890 2,105 4,001 791 2.220 878 129. 701 1, 750 10,686 7, 745 1.470 3,890 2, 105 4.001 791 Websile and marketing costs Postage Sundry Telephone Training Accountancy Project costs Evenis cosis Piofessional fees Bad debts Bank Charges 2,220 878 402 402 1,009 30,093 2.062 7,680 381 1,009 30,093 2,062 1,680 381 188 188 Total 2019 201,052 201,052 Independent examiner's remuneration The independent examinerfs remuneration amounts lo an independent examiner fee of £1,48012019 - £1,440}. Page 19

NORFOLK FWAG IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Staff cosis 2020 2019 Wages and salaries Social security costs Contribution lo defined contribution pension schemes 124.939 7.736 9,308 113,175 8.128 8.398 141,983 t29, 701 The average number of persons employed by the Company during the year was as follows.. 2020 2019 ND. No employee received remuneration amounting lo more than £60,000 in eilher year. Remuneration and benefits received by key management personnel in the year totalled £141,98312019'. £129.7011. Trustee5' remuneratlon and •xpgnses During the year, no Trustees re￿Ived any remuneration or other benefits (2019- £NIL). During the year ended 31 December 2020. expenses relating lo Iravel and subsistence totalling £113 were reimbursed or paid directly lo 1 Trustee {2019- £Ni4. Page 20

NORFOLK FWAG {A company limited by guarant¢&l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Tangible fixed assets Plant and machinery Cost or valuation At 1 January 2020 Additions 8,578 737 Al 31 December 2020 9.315 Depre¢iation At 1 January 2020 Charge for the year 6,336 1.480 Al 31 December 2020 7.816 Nèt book value Al 31 DeG&mber 2020 1.499 Al 31 De￿rnher20l9 2,242 10. Flxed asset investments Unlisted investments Cost or valuation Al 1 January 2020 20 At 31 December 2020 20 Page 21

NORFOLK FWAG {A Company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 11. Debtors 2020 2019 Due within one year Trade deblors Prepayments ¥nd accrued income 31,106 23.807 26, 183 1.223 54,913 27.406 12. Crèditors: Amounts falling due withln one year 2020 2019 Trade ¢reditors Other laxalion and so¢ial security Pension fund loan payable A¢¢ruals and deferred income 3,747 22,253 1,142 64,914 6,700 75.115 980 27,358 92.056 50.153 Included within other CTedilors and accnjals is £14.928 {2019.. £14.943) relating lo the Connecting Nature Fund Grant Scheme and Skylark project. The charity administers Ihe fund on behalf ol Norfolk Counly Council. The fund is for projects lo lessen the impact on the wider environment of large scale development. The tharily has no entillemenl to the fund and hence it is not iecognised as income of the charity. The balance al the 31 December represents funding yet lo be dislribuled. Total fund receipts in the year were £Nil12019' £Nill and £1512019= £60) was paid oul during Ihe year. Page 22

NORFOLK FWAG IA company limited by guaTante¥) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 13. statement of funds Statement of funds - current yèar Balan¢0 at 31 December 2020 Balancè at 1 January 2020 Income Expendllurg Unrestricted funds General Funds 43.340 206,405 1180.6191 69.126 Statement of funds - Prior year Balance al 31 December 2019 Balan￿ al l January 2019 Income Expenditu Unrestricted funds General Funds 34,096 210,296 {201,052) 43,340 14. Pension commitments The charity operates a defined conlribution pension scheme. The assets of the scheme are held separately from Ihose of the charity in an independently administere(5 fund. The pension cost charge represents conlribulions payable by the charity lo the fund and amounted lo £9,308 {2019'. £8,398). There were contributions oulslanding al the yeai end of £1.14212019'. £980). Related party transactions S Lord, a Iruslee of the charily. provided cortsullancy services lo the charity of £nil12019." £1441. 16. Post balance sheet events On 8 January 2021 Ihe charity was notified that probale had been granted in respect ol a legacy from the eslale in which the charity is a named benefactor. The charity expects to receive in the region of £250,000. Page 23