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 

Page 9 



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