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2022-12-31-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 2022

NORFOLK FWAG

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Trustees and advisers 1
Trustees' report 2 - 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10 - 11
Notes to the financial statements 12 - 21

(A company limited by guarantee)

NORFOLK FWAG

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022

Trustees G R Anderson
N J Anema (appointed 11 November 2022)
J P B Barrett
J E R Daniels (resigned 30 December 2022)
R W Evans (appointed 3 May 2023)
J Fiennes (resigned 30 December 2022)
T N Guyer
S E Lord
J J L Mitchell, Chairman
M C Rae
A R Thornton
D C Willis MBE
Company registered
number
07868028
Charity registered
number
1148844
Registered office
MacGregor Building, Norfolk Showground
Dereham Road
New Costessey
Norwich
Norfolk
NR5 0TT
Company secretary
D C Willis MBE
Independent examiner
Larking Gowen LLP
Chartered Accountants
Prospect House
Rouen Road
Norwich
NR1 1RE

Page 1

NORFOLK FWAG

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees present their annual report together with the financial statements of the Company for the year 1 January 2022 to 31 December 2022. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Policies and objectives

a. Mission Statement

To provide the best independent farm conservation advice and guidance to our members and provide the facilities for environmental opportunities.

b. Vision Statement

Norfolk FWAG will facilitate change on the ground to benefit habitats and species associated with or occurring on farmland.

c. The Charity's Objects

  1. By encouraging land owners, farmers and other stakeholders to 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, particularly the farming community and the agricultural sector in conservation and biodiversity.

The activities of the Charity are as follows:

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Page 2

(A company limited by guarantee)

NORFOLK FWAG

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Policies and objectives (continued)

d. Norfolk FWAG offers a range of services including:

Report for 2022 - Review of Activities

a. Staff

Neil Punchard - Managing Director (to December 2022) Henry Walker - Farm Adviser Nathan Walker – Farm Advisor Sasha Ellis - Farm Advisor Charlie Ennals - Farm Adviser (to July 2022) Evan Burdett – Assistant Farm Advisor (from December 2022) Marta Gibbons – Assistant Farm Advisor (from December 2022) Sallyanne Brock – Finance Officer (Office Manager from February 2023)

With Neil Punchard leaving Norfolk FWAG and the lack of any suitable replacement the Board agreed that Clarke Willis would take the role of Executive Director from December 2022, not employed by Norfolk FWAG and still a Trustee and Company Secretary, working with the team to support and develop the staff to take the organisation forward.

As a benefit of the considerable bursary received from the Estate of Mary Bloomfield, Trustees were keen to provide a bursary for a student gaining a professional qualification in Environmental Land Management. A scholarship with a placement year employment at Norfolk FWAG was agreed with Harper Adams University and we welcome our first placement in July 2023. To be called the Bloomfield Bursary in recognition of our benefactor.

b. Trustees

Our chairman of 6 years, Tim Guyer, stood down after the 2022 AGM and was replaced by Joe Mitchell as Chairman. We recognise the considerable support and expertise that Tim brought to the role and are pleased that he remains a Trustee. Nick Anema was elected to the Board at the 2022 AGM with Jon Daniels and Jake Fiennes standing down at the end of 2022 having completed their term as Trustees and we acknowledge their support over many years. In May 2023 Richard Evans was co-opted onto the Board of Trustees.

Page 3

NORFOLK FWAG

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Report for 2022 - Review of Activities (continued)

c. Relocation of Offices

In late 2022 a lease was signed with the Royal Norfolk Agricultural Association to rent offices in the MacGregor Building on the Norfolk Showground that better suited our purposes. Relocation occurred in December 2022 and from this date our new address is MacGregor Building, Norfolk Showground, Dereham Road, New Costessey, Norwich, NR5 0TT.

d. Review of Activities

During 2022 the Norfolk FWAG team were busy with a whole range of environmental work:

Chargeable

Project

e. Events

Norfolk FWAG organised several walks to showcase Norfolk farms which effectively integrate environmental management into their farming business. There were around 60 attendees at each event including farmers, landowners, environmental specialists, and the public, both members and non-members of Norfolk FWAG. We acknowledge the support of Ashtons and Anglian Water for the farm walks and the AGM.

The annual Norfolk FWAG Farm Conservation MacNicol Trophy competition for the Ian MacNicol Memorial Trophy was held. The winner was A R Wilson, Manor Farm, East Winch and the runner up Deepdale Farm, Burnham Deepdale.

Through the Prince’s Countryside Trust Farm Resilience Programme, we co-ordinated free business skills training to family farms across Norfolk through a programme of workshops.

f. Partnership Working

Norfolk FWAG continued to represent farmers 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.

Page 4

(A company limited by guarantee)

NORFOLK FWAG

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Report for 2022 - Review of Activities (continued)

g. Funding Bids

We were successful in partnership project applications for treasury funding including the Wendling Beck Environment Project (bids to both the Defra Test & Trials and Natural Environment Investment Readiness Fund were successful) 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 Southeast of England, through the Farm and Land Management Advice framework in 2022.

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. Board meetings minutes are distributed to the Trustees.

We received a further £30,000 receipt from the Blomfield legacy in 2022. Total income for the period was £244,267 (2021: £417,248) (including legacy fund charitable donation plus interest) and expenditure was £224,216. The surplus for the year was £20,051 (2021: £183,651). The greater income and surplus in 2021 was due to a legacy of £194,500 received in that year.

The table below shows the split of sources of income:

2022 (£) 2021 (£)
Total turnover 244,267 417,248
Chargeable income 104,839 109,923
Project 48,455 47,896
Membership 55,555 53,602
Grants/sponsorship incl. interest 5,368 11,327
Legacies 30,050 194,500

Page 5

(A company limited by guarantee)

NORFOLK FWAG

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Reserves Policy

An outline policy on reserves was agreed when Norfolk FWAG was incorporated on 1 December 2011. Reserves have been built up over the years and maintained at a level which ensures that Norfolk FWAG's core activity could continue during a period of any unforeseen difficulty. The reserves themselves are to be as cash reserves with the bank and therefore readily realisable. Expenditure is carefully managed and forecasted. Taking into consideration projected salary and administration costs the target reserves was increased with a separate ‘Legacy Fund’ investment for the longer term.

Consideration by the Trustees is given to the actual risks associated with income and expenditure. A summary of the risks to income are:

At 31 December 2022 the charity had unrestricted funds of £272,828 (2021: £252,777). There are no restricted funds.

The trustees agreed that under its Charitable status Norfolk FWAG has a sound financial footing.

Funds Held as Custodian

The Charity administers the Connecting Nature Fund Grant Scheme on behalf of Norfolk County Council, which is for projects to 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 charity and is held in a separate bank account.

Structure, governance and management

a. Constitution

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 to encourage land owners, farmers and other stakeholders to manage their land in such a way as to 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.

b. Methods of appointment or election of Trustees

The Charity has put in place a succession plan for both the Board to keep a fresh business approach.

c. Organisational structure and decision-making policies

As well as the trustees and board of directors, the charity has an executive steering group and staff team. The day to day running of the Charity is managed by the Chairman, Vice-Chairman and Company Secretary.

Page 6

NORFOLK FWAG (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Structure, governance and management (continued)

The steering group consists of a range of interested parties and well-known organisations including, conservation groups, trusts, councils, landowners and farmers. The steering group’s roles and responsibilities are as follows:

Profile raising/Networking 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 and Norfolk FWAG Management Accounts on a regular monthly basis.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must 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 its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to 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 Willis MBE Trustee Date:

Page 7

NORFOLK FWAG (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

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 2022.

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:

Christopher Yeates FCA DChA

Larking Gowen LLP

Chartered Accountants

Norwich

8 June 2023

Page 8

NORFOLK FWAG

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2022

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
Total income
Expenditure on:
Charitable activities
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2022
£
30,050
213,729
488
244,267
224,216
224,216
20,051
252,777
20,051
272,828		 Total
funds
2022
£
30,050
213,729
488
244,267
224,216
224,216
20,051
252,777
20,051
272,828		 Total
funds
2021
£
194,500
222,748
-
417,248
233,597
233,597
183,651
69,126
183,651
252,777

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 12 to 21 form part of these financial statements.

Page 9

NORFOLK FWAG

(A company limited by guarantee)

BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2022

Note
Fixed assets
Tangible assets
9
Investments
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one
year
12
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
13
Unrestricted funds
13
Total funds		 45,433
346,419
391,852
(124,611)		 2022
£
5,567
20
5,587
267,241
272,828
272,828
-
272,828
272,828		 77,523
307,794
385,317
(136,265)		 2021
£
3,705
20
3,725
249,052
252,777
252,777
-
252,777
252,777

Page 10

(A company limited by guarantee)

NORFOLK FWAG

BALANCE SHEET (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

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 authorised for issue by the Trustees and signed on their behalf by:

D C Willis MBE Trustee Date:

The notes on pages 12 to 21 form part of these financial statements.

Page 11

NORFOLK FWAG (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. General information

The company is a company limited by guarantee. The members of the 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 to £10 per member of the company. The registered office of the company is MacGregor Building, Norfolk Showground, Dereham Road, New Costessey, Norwich, Norfolk, NR5 0TT.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) 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 otherwise stated in the relevant accounting policy.

2.2 Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

2.3 Income

All income is recognised once 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 entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Company has sufficient evidence that a gift has been left to them (through 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 to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Company, can be reliably measured.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to 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 activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to 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.

Page 12

NORFOLK FWAG

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2. Accounting policies (continued)

2.4 Expenditure (continued)

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.

2.5 Interest receivable

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.

2.6 Tangible fixed assets and depreciation

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 at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

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 Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 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 date of acquisition or opening of the deposit or similar account.

Page 13

(A company limited by guarantee)

NORFOLK FWAG

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2. Accounting policies (continued)

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date 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 settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.11 Financial 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.

2.12 Pensions

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.

2.13 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Unrestricted
funds
2022
£
Donations
50
Legacies
30,000
30,050		 Total
funds
2022
£
50
30,000
30,050

Page 14

NORFOLK FWAG

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

3. Income from donations and legacies (continued)

Unrestricted
funds
2021
£
Legacies
194,500
4.
Income from charitable activities
Unrestricted
funds
2022
£
Subscriptions and joining fees
55,555
Countryside stewardship
68,177
Other consultancy
27,063
Projects work
48,455
Woodland management
4,181
Training and events
900
Species/Habitat surveys
2,125
Assurance schemes
5,368
Sales of goods
905
Sponsorship
1,000
Other
-
213,729		 Total
funds
2021
£
194,500
Total
funds
2022
£
55,555
68,177
27,063
48,455
4,181
900
2,125
5,368
905
1,000
-
213,729

Page 15

(A company limited by guarantee)

NORFOLK FWAG

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

4. Income from charitable activities (continued)

Subscriptions and joining fees
Countryside stewardship
Other consultancy
Projects work
Woodland management
Training and events
Species/Habitat surveys
Assurance schemes
Sales of goods
Other
5.
Analysis of expenditure by activities
Direct costs
Direct costs		 Unrestricted
funds
2021
£
53,602
67,476
35,869
47,896
2,121
1,350
650
11,327
2,332
125
222,748
Activities
undertaken
directly
2022
£
224,216
-
224,216
Activities
undertaken
directly
2021
£
233,597		 Total
funds
2021
£
53,602
67,476
35,869
47,896
2,121
1,350
650
11,327
2,332
125
222,748
Total
funds
2022
£
224,216
-
224,216
Total
funds
2021
£
233,597

Page 16

NORFOLK FWAG

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

5. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Depreciation
Office, rent, light and heat
Travel costs
Subscriptions
Office consumables
Insurance
Website and marketing
Postage
Sundry
Telephone
Training
Accountancy
Project costs
Event costs
Professional fees
Bad debts
Bank charges
6.
Independent examiner's remuneration
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts		 Total
funds
2022
£
176,559
1,891
10,963
5,751
2,615
4,416
2,669
275
656
2,346
1,597
1,747
1,400
4,821
1,831
2,065
2,107
507
224,216
2022
£
1,650		 Total
funds
2021
£
164,183
1,800
7,809
6,727
2,355
5,069
2,670
436
348
4,846
1,230
1,668
1,400
29,403
1,626
215
1,455
357
233,597
2021
£
1,500

Page 17

(A company limited by guarantee)

NORFOLK FWAG

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

7. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2022
£
154,485
10,045
12,029
176,559		 2021
£
144,848
9,435
9,900
164,183

The average number of persons employed by the Company during the year was as follows:

2022 2021
No. No.
9 6

No employee received remuneration amounting to more than £60,000 in either year.

Remuneration and benefits received by key management personnel in the year totalled £176,559 (2021: £164,183)

8. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2021 - £NIL) .

During the year ended 31 December 2022, no Trustee expenses have been incurred (2021 - £NIL) .

Page 18

(A company limited by guarantee)

NORFOLK FWAG

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

9.
Tangible fixed assets
Cost or valuation
At 1 January 2022
Additions
Disposals
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
On disposals
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021
10.
Fixed asset investments
Cost or valuation
At 1 January 2022
At 31 December 2022		 Plant and
machinery
£
11,336
3,839
(859)
14,316
7,631
1,891
(773)
8,749
5,567
3,705
Unlisted
investments
£
20
20

Page 19

(A company limited by guarantee)

NORFOLK FWAG

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

11. Debtors

Due within one year
Trade debtors
Prepayments and accrued income		 2022
£
26,693
18,740
45,433		 2021
£
34,438
43,085
77,523

12. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Pension fund loan payable
Accruals and deferred income		 2022
£
6,146
18,399
1,332
98,734
124,611		 2021
£
22,219
14,357
1,545
98,144
136,265

Included within other creditors and accruals is £37,868 (2021: £40,720) 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 to lessen the impact on the wider environment of large scale development. The charity has no entitlement to the funds and hence it is not recognised as income of the charity. The balance at the 31 December represents funding yet to be distributed. Total fund receipts in the year were £Nil (2021: £25,792) and £2,852 (2021: £Nil) was paid out during the year.

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(A company limited by guarantee)

NORFOLK FWAG

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

13. Statement of funds

Statement of funds - current year

Balance at 1
January
2022
£
Unrestricted funds
General Funds - all funds
252,777
Statement of funds - prior year
Balance at
1 January
2021
£
Unrestricted funds
General Funds
69,126		 Income
£
Expenditure
£
244,267
(224,216)
Income
£
Expenditure
£
417,248
(233,597)		 Balance at
31
December
2022
£
272,828
Balance at
31
December
2021
£
252,777

14. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £12,029 (2021: £9,900). There were contributions payable to the fund at the balance sheet date and are included in creditors of £1,332 (2021: £1,545).

15. Related party transactions

During the year, Swallow Barns Group Limited, a company jointly controlled by D C Willis MBE, a trustee, charged the charity £1,600 (2021: £nil) for management and development services.

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