## **ANNUAL REPORT FOR WHERRY MAUD TRUST** 

## **Year to 28 February 2021** 

## **REG. CHARITY NO** . 1161285 

**ADDRESS:** LA ROSE, PRISTOW GREEN LANE, TIBENHAM, NORWICH NR16 1PU 

## **TRUSTEES:** 

Michael Edwin Barnes 

Nigel James Gutteridge 

Neil Malcolm Geoffrey Thomas 

Linda Jean Pargeter 

## **STRUCTURE** : 

The four trustees work closely together on all matters relating to the aims and objectives of the trust. Decisions are made mostly by email but also by face-to-face discussion, the decision of a simple majority of trustees being respected by all. A minimum of one and a maximum of four meetings are held annually at which all trustees are present. Meetings are chaired on a revolving basis. 

An annual meeting takes place in April each year at which trustee members and associate members are present. The April 2020 meeting was held on Zoom. Those present are invited to suggest suitable people to become trustees. Any such suggestions are followed up by the acting secretary. Trustees vote for a candidate who has agreed to stand, and a simple majority of trustees is needed for that candidate to be elected. 

## **ACTIVITIES & OBJECTIVES DURING THE YEAR:** 

The Trust maintains, preserves, and operates the Wherry Maud for the benefit of the public. 

In 2020 activities were severely curtailed due to the Covid pandemic. When regulations permitted crew training trips were run but there were no members’ trips. All crew are unpaid volunteers and the occasions on which they volunteer are recorded. One public viewing, manned by volunteers, took place in the open air in September as part of the Heritage Open Days. 

At the beginning of the year a few talks about Wherry Maud were given in person, with a few more by Zoom later in the year. 

Progress was made on two aspects of the Trust’s work: displays for the pop-up museum and adding to the archive. 

## **FINANCIAL REVIEW:** 

There were no major fundraising events. 

As a measure to future proof the Trust, timber to laminate a new mast for the wherry was purchased. The aim was to have the new mast ready by the end of 2021. It would then be stored until required to be used. 

The Trust has no loans in place and does not anticipate needing any in the near future. Bills are paid promptly and on or before their due date. 

The Trust was able to generate sufficient funds in the year to cover outgoings. Hence it was not necessary to use reserves. 

No funds are held as a custodian trustee. 



|WherryMaudTrust|CharityNo|1161285||
|---|---|---|---|
||CompanvNo|||
||Annualaccounts forthe|period||
||To<br>01to3t2o2ol|Period end<br>date|28t02t2021|



||goz||||||
|---|---|---|---|---|---|---|
||o)ocop|Unrestricted|Restricted<br>income|Endowment||Prior year|
|Recommended categoriesbyactivity|(,|funds|funds|funds|Totaltunds|funds|
|||€|€|e|€|E|
|lncome(Note3)||F01|F02|FO3|F04|F05|
|lncome and endowmentsfrom:|||||||
|Donations and legacies|s01|6,750|4,334||11,084|24,221|
|Charitable activities|s02||432||432|3,960|
|Other tradingactivities|s03|419|||419|4,839|
|lnvestments|s04|440|||444||
|Separate material item of income|s05||||||
|Other|s06||||||
|Total|s07|7,609|4,766||12,375|33,020|
|Expenditure(Notes6)|||||||
|Expenditurc on:|||||||
|Raisingfunds|s08|225|||22s|590|
|Charitable activities|s09|3,097|1,140||4,237|6,276|
|Separate material expense item|||||||
||s10||||||
|Other|Jtl|374|||374|1,911|
|Total|s12|3,696|1,140||4,836|8.77|
|Netincomel(expenditure)beforetaxfor|||||||
|thereportingperiod|s13|3,913|3,626||7,539|24,243|
|Tax payable|s14||||||
|Netincome{expcnditure)after tax before|||||||
|investmentgains{losses}|s15|3,913|3,626||7,539|24,243|
|Netgainsr(losses)on|||||||
|investments|s16||||||
|Netincome/{expenditure}|s17|3,913|3,626||7,539|24,243|
|Extraordinary items|s18||||||
|Transfercbetureenfunds|s19||||||
|Otherrecognisedgains(losses):|||||||
|Gains and losses on revaluation of fixed assets for the|||||||
|charity's own use|s20||||||
|Othergainsl(losses)|s21||||||
|Netmovementin funds|s22|3,913|3,626||7,539|243|
|Reconciliationof|||||||
|funds:|||||||
|Total funds brought forward|s23||||45,229|20,986|
|Tatalfunds carriedforward|s24|3,913|3,626||52,768|229|





## 

## 

|SectionB<br>Balan|ce|sheet||||||
|---|---|---|---|---|---|---|---|
||o|||||||
||oz|||||||
||ooco<br>'5(,|Restricted<br>Unrestrictedincome<br>funds<br>funds<br>t€f|||Endowment<br>funds|Totalthis<br>year<br>€|Total last<br>year<br>f|
|Fixed assets||F01||F02|F03|F04|F05|
|lntangible assets<br>Tangible assets<br>Heritage assets<br>{Note15}<br>(Note14)<br>(Note{6)|Bol<br>Bo2<br>Bo3|2,085||6,788||8,873|7,889|
|lnvestments<br>(Note17)|Bo4|||||||
|Iofalfredassefs|Bos|2,085||6,788||8,873|7,889|
|Current assets||||||||
|Stocks<br>(Note18)|B06|3,350||||3,350||
|Debtors<br>(Note19)|807|1,220||||1,224|2,770|
|lnvestments<br>(Note17.4)|BOB|||||||
|Cashat bank and inhand(Note24)|Boe|48,025||||4B,Azs|46,876|
|Totalcurrentasseb|B1o|52,595||||52,595|49,646|
|Creditors:amountsfallingduewithin<br>oneyear<br>(Note20)|B11|273||8,972||8,699|12,306|
|Netcurrentassets{liabilities)|812|||||||
|Iofalassefslesscurrentliabilities|813|54,95J|||||45,229|
|Creditors:amountsfallingdue after||||||||
|oneyear<br>(Note20)|814|||||||
|Provisionsfor liabilities|6ta|||||||
|Iofalnef assetsorliabilities|B16|54,e53|l-|<br>2,184||52,769|45,229|
|Funds of the Charity||||||||
|Endowmentfunds(Note27)|811|||||||
|Restricted incomefunds(Note27)|818|||8,972||8,972|12,255|
|Unrestrictedfunds|819|43,797||||43,797|32,974|
|Revaluation reserve|B2A|||||||
|Fairvalue reserve|B21|||||||
|Totalfunds|822|||8,972||52,769|45,229|



|ecttothe small companies regimeandinaccordanc|<br>ewithFRSfO2 SORP.||
|---|---|---|
|Signedby one or twotrustees/directorsonbehalf ofall the<br>trustees/directors|Print Name|Dateof<br>approval<br>dd/mm/yyyy|
||NigelJamescutteridgett<6fu*,ly),|18t12t2021|
||LindaJeanp^ros61t.flfa.a,.qef,--a|18t1212021|
|Signatureofdirectorauthenticating accountsbeing sent to|Signature|Date<br>dd/mm/vwv|
|CompaniesHouse|.-Z)<br>I<br>k.V"{^"11*''='s'-|18t12t2021|
||LindaJean Pargeter|Printname|