2021-12-31-accounts

Registered number.. 07868028 Charity number: 1148844 NORFOLK FWAG (A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

NORFOLK FWAG IA company limited by guarantee) CONTENTS Page Reference and administrative details of the Company. its Trustees and advisers Trustees. report Independent examiner's report Statement of financial activities Balancg shgot 10-11 Notes to the financial statements 12-21

NORFOLK FWAG IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021 Trustees G R Anderson J P B Barrett J E R Daniels J Fiennes T N Guyer, Chaimian R W Haddow, Vice Chairman (resigned 31 December 20211 SELord J J L Mitchell MCRae A R Thornton D C Willis MBE Company registered number 07868028 Charity registered number 1148844 Registered office Honingham Thorpe Norwich Road Colton Norwich Norfolk NR9 5BZ Company secretary D C Willis MBE Independent examiner Larking Gowen LLP Chartered Accountants King Street House 15 Upper King Street Norwich NR3 1RB Page 1

NORFOLK FWAG IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The Trustees (who are also directors of the charity for the purposes of the Companies Acll present their annual report together with the financial statements of Norfolk FWAG Ilhe company) for the year ended 31 December 2020. The Trustees confirm that the Annual Report and financial statements of the company comply with the current slatulory requirements, the requirements of the company's goveming document and the provisions of the Statement of Recommended Practice ISORPI, applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021. Objectivgs and activitigs a. POLICIES AND OBJECTIVES Mission Ststgment To provide the best independent farm conservation advi￿ and guidance lo our members and provide the facilities for environmental opportunities. Vision Statement Norfolk FW AG will facilitste change on the ground lo benefit habitats and species associated with or owurring on familand. The Charity's Objects: 1. By encouraging land owners, farmers and other stakeholders lo manage their land in such a way as to 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, particulady the farming community and the agricultural sector in conservation and biodiversity. The activitigs of the Charity are as follows: Support farmers in their work to deliver wildlife conservation within productive famiing systems. Provide fanmers and landowners with the best independent technical advice and practical guidance on environmental enhancement of the farmed environment. Preserve natural resources on & off farm, such as soil & water. Seek to work with landowners lo preserve and maintain the historic environment and landscape heritage inherited by farmers today. Inspire and communicate the importance of conservation on farmland to farmers, future generations and the wider public. Work in collaboration with partner organisations and other FW AG groups. Infomi members of wider environmental issueslschernes and access to funding. Page 2

NORFOLK FWAG IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2021 Objectivgs and activitigs {continuod) Norfolk FWAG offers a range of servlces Includlng: Applications for Countryside Stewardship Schemes. Compliance checks. Best practice conservation advice. Species surveys, habitat management planning and advice. Farm Environment Plans. Facililalion of Farmer Groups Farm Assurance schemes Achigvgments and Perfomiance BUSINESS MANAGERS REPORT FOR 2021- REVIEW OF ACTIVITIES Stsff Norfolk FWAG had six members of staff during 2021.. Mike EdwardslNeil Punchard - Business Managerlmanaging Director Henry Walker- Farm Adviser Charfie Ennals - Farm Adviser Sasha Ellis - Farm Support Adviser Sallyanne Brock- Finance Officer Mike Edwards was in post as Business Manager until the 31st May 2021. Neil Punchard was appointed Managing Director in May 2021 and took up post from the 1st July 2021. During 2021 the Norfolk FWAG team were busy with a whole range of environmental work.. Chargeable Countryside and Environmental Stewardship care and maintenance. Countryside Stewardship applications Woodland Creation and hedgerow planting Woodland Management Plans. Farm Assuran￿ Schemes e.g. LEAF marque. Project Facilitation Funds - landscape scale conservation (Wissey and Glaven) Norfolk Ponds Project Broad's HLF, Water Mill and Marshes- Broadland Tales of the Past and Broads Land Management Broads Test & Trials Land Management Board and the role of a local convenor Princes Trust Farm Resilience Programme Page 3

NORFOLK FWAG IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2021 (continued) Events Norfolk FWAG organised two farm walks lo showcase Norfolk farms which effectively integrate environmental management into their farming business. There were around 40 attendees al each event including farmers, landowners, environmental specialists and the general public, both members and non members of Norfolk FWAG. The first was Dillington Hall. near Dereham to showcase the Wendling Beck Environment Project and discuss Landscape Recovery and Biodiversity Net Gain projects underway. The second was at Kenn Hill, North Norfolk Coast, with a focus Regenerative agriculture and rewilding. Numerous smaller knowledge exchange events, including our work with the facilitation funds in the Glaven and Wissey, covered topics including regenerative agriculture. Covid-19 restrictions impacted project delivery and meant that the annual Norfolk FW AG Farm Conservation competition for the lan MacNicol Memorial Trophy was pul on hold for 2021. The Green Hay project with Norfolk Wildlife Trust and local contractors continued to enhance and restore wildflower meadows and received a welcome financial contribution from Norfolk Rivers Trust using Botanica funding via the WWF. Through the Prince's Farm Resilience Programme we co-ordinated free business skills training lo family farms across Norfolk through a programme of seven workshops which focus on different business skills lo maximise profitability and resilience. Partnershlp worklng Norfolk FWAG continued to represent fam)ers and landowners on the Broads Land Management Group, Norfolk Coast Partnership, Broads Biodiversity Partnership, Norfolk Local Access Forum, NBIS Steering Group, Waveney Catchment Partnership, and Broadland Catchment Partnership. Fundlng blds We were successful in partnership project applications for treasury funding including the Wendling Beck Exemplar Project (bids to both the Defra Test & Trials and Natural Environment Investment Readiness Fund were successfull and the Broads Peat Partnership. We were also successful with our tender to Defra. as co-leads of the East of England FWAG Consortium, to deliver Countryside Stewardship advice and options appraisal across the East and South East of England, through the Farm and Land Management Advi￿ framework in 2022. Page 4

NORFOLK FWAG IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2021 a. FINANCIAL REVIEW Complete income statements and forecast summaries are compiled each month and distributed to the Trustees at Board meetings. Age of debt reports are produced quarterly. Management board meetings are held every 3 months and these all have complete agendas lo include management accounts. Board meetings are minuled and the minutes are distributed lo the Trustees. Trustees meetings are held accordingly. We re￿iVed a £194,500 donation from the Blomfield legacy in 2021. Total income for the period was £417,248 (including £194,505- legacy fund charitable donation plus interest) and expenditure was £233,597. The SLJrplus for the year was £183,651 although if the legacy funding is excluded we made a loss of £10,854 which is not unexpected in such a transition year with recruitment of a Managing Director half way through the year resulting in a higher salary for the position. A new advisor had also been appointed who was living out of County and we incurred relocation Isundryl expenses that were not forecast. Covid-19 restrictions impacted project delivery and income. Dealing with queries from the Rural Payments Agency resulted in considerable non-chargeable lime for advisers. The combination of chargeable work, and membership and project income, was the main SOU￿ of finance {excluding the charitable donation) during the whole financial year as the table below shows. Total £ turnover Chargeable Income Projects Membership Grantslsponsorship incl. interest Legacies £417,248 £109,923 £47,896 £53,602 £11,327 £194,500 The trustees agreed that under ils charitable status Norfolk FWAG has a sound financial footing. Structure. govemance and management a. Constltutlon The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 1 December 2011 which was subsequently amended on 30 May 2012. The principal object of the company is lo encourage land owners. farmers and other stakeholders to manage their land in such a way as lo promote for the benefit of the public, the conservation. protection and improvement of the physical and natural environment. Also, to advance the education of the public, particularly the farming community and the agricultural sector in conservation and biodiversity. Page 5

NORFOLK FWAG IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2021 Structure. govemancg and managgment {continuod) b. Methods of appointment or election of Trustges Charfes Sayer, Joe Martin and Clarke Willis were the original Diredors of Norfolk FW AG and became Trustees when the Charity was formed in 2012. Richard Gurney and Lord Julian Romney joined as Charity Trustees in 2012. Richard Gurney retired in 2015 and Lord Julian Romney in 2017. Andrew Thornton was appointed in December 2013, Tim Guyer in April 2014 and Ross Haddow in August 2014. Jake Fiennes and Jon Daniels were appointed in July 2016. Sue Lord was appointed in November 2017. In 2018 Michael Rae was appointed and Joe Martin stepped down. At the AGM in 2019 Joe Mitchell was appointed. At the 2020 AGM on the 4th November (held by video conference due to the global pandemi¢l Glenn Anderson and John Barrett were appointed and Charles Sayer stepped down. The Charity has pul in pla￿ a succession plan for both the Board lo keep a fresh business approach. Organisational structurg and dgcision-making policies As well as the trustees and board of directors the charity has an executive steering group and three full time members of staff. The day to day running of the Charity is managed by Tim Guyer (Chairman), Ross Haddow Ivice-chairmanl and Clarke Willis (Company Secrelaryl. The steering group consists of a range of interested parties and well-known organisations including, conservation groups, Irusls, councils, landowners and farmers. The steering 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 the charitable and commercial sectors have all been provided with additional guidance and; A summary version of the Charity Commission's Essential Guide. Norfolk FWAG Business Plan. Norfolk FW AG Management Accounts on a regular monthly basis. Page 6

NORFOLK FWAG IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2021 Structure. govemancg and managgment {continuod) ststgment of Trustgos. responsibilities The TrLJStees (who are also the directors of the Company for the PLJrposes of company law) are responsible for preparing the Trustees. report and the financial statements in accordan￿ with applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢￿pIed Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of ils incoming resources and application of resources, including ils income and expenditure, for that period. In preparing these financial slatemenls, the Trustees are required lo.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounting eslimales that are reasonable and prudent., stale whether applicable UK Accounting Stsndards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial stslements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by.. D C Willi$ MBE Trustee and Company secretary Date.. 25 August 2022 Page 7

NORFOLK FWAG (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

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 2021.

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

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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: 31 August 2022 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 IA company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021 Unrestricted funds 2021 Total funds 2021 Total funds 2020 Note Income from: Donations and legacies Charitable activities 194.500 222.748 194.500 222.748 920 205,485 Total income 417.248 417.248 206,405 Expenditure on: Charitable activities 233.597 233.597 180,619 Totsl expenditurg 233,597 233,597 180,6f9 183.651 183.651 25, 786 Net movement in funds Reconciliation of funds.. Total funds brought fomard Net movement in funds 69.126 183.651 69.126 183.651 43,340 25, 786 Total funds carried forward 252,777 252,777 69,126 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 12 10 21 form part of these financial stslemenls. Page g

NORFOLK FWAG IA company limited by guarantee) BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2021 2021 2020 Note Fixed assets Tangible assets Investments 3.705 20 1,499 20 10 3,725 1,51 9 Current assgts Debtors 11 77,523 307,794 54,913 104, 750 Cash al bank and in hand 385,317 159,663 Creditors.. amounts falling due within one year 12 1136,2651 (92,056) Net current assets 249,052 67,607 Total assets less current liabilities 252.777 69,726 Total net assets 252.777 69,126 Charity funds Restricted funds 13 13 Unrestricted funds 252.777 69,126 Total funds 252.777 69,126 Page 10

NORFOLK FWAG IA company limited by guarantee) BALANCE SHEET (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 The Company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by.. M8E ITrusteel Dale.. 25 August 2022 The notes on pages 12 10 21 form part of these financial stalemenls. Page11

NORFOLK FWAG IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 General Infomiatlon The company is a company limited by guarantee. The members ofthe company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited 10 £10 per member of the company. The registered office of the company is Honingham Thorpe, Nomich Road, Colton, Norfolk, NR9 5BZ. Aceountlng pollcles 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in aC￿rdan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} (effective 1 January 20191, the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Norfolk FWAG meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless olheNise stsled in the relevant accounting policy. 2.2 Fund accounting General funds are unreslricled funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. 2.3 Going concern The Trustees considered the Company's position al the lime of signing the financial slatemenls. Based on this, the Trustees have concluded that they have a reasonable expectslion that the Company will have adequate resources lo continue in operational existence for the foreseeable future, and, al least ￿e1ve months from the date of signing these financial slatemenls. They therefore continue lo adopt the going concern basis of acwunting in preparing these financial slatemenls. 2.4 Income All income is recognised On￿ the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing enlillemenl, the probability of receipt and the ability lo estimate with sufficient accuracy the amount re￿1Vable. Evidence of enlillement to a legacy exists when the Company has sufficient evidence that a gift has been left to them Ilhrough knowledge of the existence of a valid will and the death of the benefactor} and the executor is satisfied that the property in question will not be required lo satisfy claims in the estate. Receipt of a legacy must be recognised when il is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount lo be distributed to the Company, can be reliably measured. Page 12

NORFOLK FWAG IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accountlng pollcles (contlnuedl 2.5 Expendlture Expenditure is recognised On￿ there is a legal or constructive obligation lo transfer economic benefit lo a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each aclivily. Direct costs atlributsble lo a single activity are allocated directly lo that aclivily. Shared costs which contribute lo more than one activity and support costs which are not allribulable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.6 Tanglble flxed assets and depreclatlon Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised al cost. After recognition, under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. All costs incurred lo bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charyed so as to allocate the cost of tangible fixed assets less their residual value over their eslimaled useful lives, Depreciation is provided on the following basis.. Plant and machinery 330/0 Straight line 2.7 Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balan￿ sheet date, unless the value cannot be measured reliably in which case it is measured al cost less impaimienl. Investment gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl on investments, in the Statement of financial aclivilies. 2.8 Interest recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company., this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. Page 13

NORFOLK FWAG IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accountlng pollcles (contlnuedl 2.9 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. 2.10 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.11 Llabllltles and provlslons Liabilities are recognised when there is an obligation al the Balance sheet dale as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the selllement can be estimated reliably. Liabilities are recognised at the amount that the Company anticipates it will pay to sellle the debt or the amount it has received as advanced payments for the goods or seNices il musl provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted al the pre-tax discount rate that reflects the risks specific lo the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 2.12 Flnanclal Instruments The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.13 Penslons The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company lo the fund in respect of the year. Page 14

NORFOLK FWAG IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Income from donatlons Unrestricted funds 2021 Total funds 2021 Donations Legacies 194,500 194,500 194,500 194.500 Post year end, in March 2022, the charity received a further £30,000 distribution from the legacy estate. This distribution is not included in the amount recognised above. Unrestricted funds 2020 Total funds 2020 Donations 920 920 Income from charitsble activities Unrestricted funds 2021 Total funds 2021 Subscriptions and joining fees Countryside stewardship Other consLJltancy Projects work Woodland management Training and events SpecieslHabital surveys Assurance schemes 53,602 67,476 35,869 47,896 2,121 1,350 650 53.602 67.476 35,869 47.896 2.121 1.350 650 11,327 2,332 11.327 2.332 Sales of goods Permissive Access Sponsorship Other 125 125 Total 2021 222,748 222.748 Page 15

NORFOLK FWAG IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Income from charltable actlvltles (contlnued) Unrestricted funds 2020 Total funds 2020 Subscriptions and joining fees Countryside stewardship Other consLJltancy Projects work 47,424 69,813 34,839 40,036 47,424 69,813 34,839 4Q,036 F li Woodland management Training and events Spe¢ieslHabital surveys Assurance schemes Sales of goods Permissive Access Sponsorship other 312 600 1,957 6,441 2,392 831 500 340 312 6(A) 1,957 6,441 2,392 831 500 340 Total 2020 205,485 205,485 Analysis of expenditure by activities Activities undertaken directly 2021 Total funds 2021 Direct costs 233,597 233.597 Activities undertaken directly 2020 Total funds 2020 Direct costs f80,619 180,619 Page 16

NORFOLK FWAG IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Analysls of expendlture by actlvltles (contlnued) Analysls of dlrect costs Total funds 2021 Total funds 2020 Staff costs 164,183 1,800 7,809 6,727 2,355 5,069 2,670 14f,983 1,480 5,945 4,485 2,438 4,079 2,336 Depreciation Office, rent, light and heal Travel costs Subscriptions Office consumables Insuran r li Website and marketing Postage Sundry Telephone Training Accountancy Project costs Event costs Professional fees 436 889 296 735 929 1,051 1,400 8,775 781 2,306 1,067 244 1,230 1,668 1,400 29,403 1,626 215 Bad debts 1,455 357 Bank charges Total 2021 233,597 180,619 Independent examiner's remuneration The independent examiner's remuneration amounts lo an independent examiner fee of £1,50012020 - £7,465). Page 17

NORFOLK FWAG IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Staff costs 2021 2020 Wages and salaries Social security costs Contribution lo defined contribution pension schemes 144,848 9,435 9,900 124,939 7, 736 9,308 164,183 141,983 The average number of persons employed by the Company during the year was as follows.. 2021 No. 2020 No. No employee received remuneration amounting to more than £60,000 in either year. Remuneration and benefits received by key management personnel in the year lotalled £164,18312020.. £141,983). Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2020- £NIL). During the year ended 31 December 2021, expenses relating to travel and subsistence lotalling £77 were reimbursed or paid directly to 1 Trustee (2020 - £1131. Page 18

NORFOLK FWAG IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Tanglble flxed assets Plant and machinery Cost or valuation At 1 January 2021 Additions Disposals 9,315 4.006 {1.985) At 31 December 2021 11,336 Depreciation At 1 January 2021 Charge for the year On disposals 7,816 1.800 {1.985) At 31 December 2021 7,631 Net book value At 31 De￿mber 2021 3.705 At 31 December 2020 1,499 10. Fixed asset investments Unlisted investments Cost or valuation At 1 January 2021 20 At 31 December 2021 20 Page 19

NORFOLK FWAG IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 11. Debtors 2021 2020 Due within one year Trade debtors Prepayments and accrued income 34,438 43,085 31,106 23,807 77,523 54,9f3 12. Creditors: Amounts falling due within one year 2021 2020 Trade creditors Other tsxation and social security Pension fund loan payable Accruals and deferred income 22,219 14,357 1,545 98,144 3,747 22,253 1, 142 64,914 136,265 92,056 Included within other creditors and accruals is £40,270 {2020.' £14,928} relating to the Connecting Nature Fund Grant Scheme and Skylark project. The charity administers the fund on behalf of Norfolk County Council. The fund is for projects lo lessen the impact on the wider environment of large scale development. The charity has no entitlement to the fund and hence it is not recognised as income of the harily. The balan￿ al the 31 December represents funding yel to be dislribuled. Totsl fund receipts in the year were £25,792 {2020'. £Nill and £Nil12020'. £15} was paid out during the year. Page 20

NORFOLK FWAG IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 13. Statement of funds ststement of funds - current year Balance at 31 December 2021 Balance at 1 January 2021 Income Expendlture Unrgstridgd funds General Funds 69,126 417.248 1233,5971 252.777 ststement of funds - prior year 8alance at 31 December 2020 Balance at l January 2020 Income Expenditure Unrestrlcted funds General Funds 43,340 206,405 {180,619J 69,126 14. Pension commitments The charity operates 8 defined contribution pension scheme. The assets of the scheme ao held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity lo the fund and amounted lo £9,900 {2020.. £9,308). There were contributions outstanding al the year end of £1,54512020.. £1,142). 15. Related party transactions There were no related party transactions during the year. Page 21