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2023-03-31-accounts

Registered S.Principal
Office:
Bewick House
22 Thorpe
Rd
Norwich
Norfolk
NR1 1RY
Tel:01603625540 Fax:01603598300
Email: info
norfolkwildlifetrust.		 or .uk
Website: www. norfolkwildlifetrust. or .uk
Auditor: Lovewell
Blake LLP
Bankside 300, Peachman Way, Broadland Business Park,
Norwich
NR7 OLB
Bankers: Barclays Bank pic
StJames Court, Norwich NR3 1RJ
Close Brothers Treasury,
10Crown Place, London,
EC2A 4FT
The Co-Operative
Bank		 pic
PO Box250, Delf House, Southway, Skelmersdale
WN8 6WT
COIF Charity
Funds
( CCLA )
St Alphage
House, 2 Fore Street,		 London EC2Y SAQ
Flagstone
Investment
Management
Clareville
House, 26-27		 Oxendon Street, London SW1Y4EL
NatWest
Bank pic
21Gentleman's
Walk, Norwich
NR2 1NA
Santander
UK pic
301StVincent Street
Glasgow
G2 SNT
Solicitors: Cozens-Hardy
LLP
Castle Chambers,
Opie Street, Norwich		 NR1 3DP

Unrestricted Funds Restricted Total Total Funds
Note General Designated Funds Funds 31.03.22
Funds Funds 31.03.23
Income from:
Donations
and legacies		 1,985,066 1,012,662 2,997,728 2,306,138
Charitable
activities		 117,691 1,841,083 1,958,774 1,952,614
Other trading activities 1,323,317 1,323,317 1,341,150
lnvestm ents 244,527 244,527 111,569
Other income 158,403 2,710 119,983 281,096 211,726
Total income 3,829,004 2,710 2,973,728 6,805,442 5,923,197
Expenditure
on:
Raising funds —charity activities 979,449 21,963 18,183 1,019,595 700,672
Raising funds —subsidiary trading 1,449,122 1,449,122 1,264,237
trading
activities
Charitable
activities		 1,790,237 146,872 2,321,184 4,258,293 3,680,865
Total expenditure 4,218,808 168,835 2,339,367 6,727,010 5,645,774
Net (losses)/ gains on investments 15 (204,623) (204,623) 141,586
Net (expenditure) / income (594,427) (166,125) 634,361 (126,191) 419,009
Gross transfers
between		 funds 19,20 (165,662) 165,662
Net movement
in funds		 (760,089) (463) 634,361 (126,191) 419,009
Reconciliation
offunds:
Total funds brought forward 19,20 2,557,892 10,605,901 12,119,583 25,283,376 24,864,367
Total funds carried forward 19,20 1,797,803 10,605,438 12,753,944 25,157,185 25,283,376

31MARCH 20 23
GROUP TRUST
31.03.23 31.03.22 31.03.23 31.03.22
Note E E f E
Fixed Assets
Tangible assets 14 13,854,540 13,456,550 13,854,540 13,456,550
Investments 15 3,607,362 3,477,984 3,607,366 3,485,487
Total Fixed Assets 17,461,902 16,934,534 17,461,906 16,942,037
Current assets
Stocks 96,532 102,804
Work in Progress 30,588 53,711
Debtors 16 2,030,819 847,847 2,319,409 1,014,077
Cash term deposits 17 3,653,192 4,086,558 3,653,192 4,086,558
Cash at bank and in hand 2,715,192 4,036,188 2,635,177 3,980,503
Total current assets 8,526,323 9,127,108 8,607,778 9,081,138
Liabilities
Creditors:
amounts
falling due within one year		 18 831,040 778,266 767,910 714,355
Net current assets 7,695,281 8,348,842 7,839,868 8,366,783
Total assets 25,157,185 25,283,376 25,301,774 25,308,820
The funds ofthe charity:
Restricted funds 19 12,753,944 12,119,583 12,753,944 12,119,583
Unrestricted
funds: General		 1,797,803 2,557,892 1,872,392 2,558,701
Designated 10,605,438 10,605,901 10,675,438 10,630,536
Total unrestricted funds 20 12,403,241 13,163,793 12,547,830 13,189,237
Total charity funds 25,157,185 25,283,376 25,301,774 25,308,820

Note 2023 2023 2022 2022
f f f f
Cash flows from operating activities:
Net cash provided
by operating		 (1,048,141) 1,648,620
activities
Cash flows from investing activities:
Dividends,
interest and rents from		 244,527 111,569
investments
Proceeds from the sale of property, 1,180
plant and equipment
Purchase of property,
plant and		 (616,747) (1,045,165)
equipment
Proceeds from the sale of investments
Purchase of investments (334,001) (666,000)
Net cash provided
by (used in)
investing
activities		 (706,221) (1,598,416)
Change
in cash and cash equivalents
the reporting
period		 in (1,754,362) 50,204
Cash and cash equivalents at the
beginning
ofthe reporting		 period 8,122,746 8,072,542
Cash and cash equivalents
the reporting
period		 at the end of 6,368,384 8,122,746

2. INCOME FROM DO NAT IONS
& LEGACIES
Total Total
31.03.23 31.03.22
E f
Donations, sponsorships &appeals 1,339,392 439,416
Legacies 651,882 966,911
Membership subscriptions 787,771 695,423
Gift aid on donations 8 subscriptions 218,683 204,388
2,997,728 2,306,138

Total Total
31.03.23 31.03.22
Note f f
Grants 1,835,123 1,837,588
Educational
activities		 24,897 9,057
Income from property 98,754 104,789
Profit on sale offixed
assets		 1,180
1,958,774 1,952,614
4.GRANTS RECEIVED
Total Total
31.03.23 31.03.22
f f
Anglia Water Services Ltd 12,000 12,000
Anglian Water Flourishing Environment Fund 10,000
Anglian Water Invasive Species Fund 11,184 6,957
BIFFAAward
(Landfill tax		 credit 47,758 2,230
Borough Council of King's Lynn 5 West Norfolk 910 14,218
Broads Authority 21,356 8,773
Department
ofWork 8 Pensions		 2,339
Environment
Agency		 9,000 60,918
Essex S.Suffolk Water 3,000 17,986
HMRC Coronavirus
Job Retention		 Scheme 6,086
Natural
England
/ Dept. of		 Environment, Food 5 Rural Affairs 1,552,396 1,425,186
National
Highways		 30,402 31,957
National
Lottery Heritage		 Fund 114,698 225,891
Norfolk County Council 11,080 3,000
North
Norfolk District Council		 750
Norwich
Freemen's
Charity		 7,500
People's Postcode Lottery Fund 10,000 10,000
Swafield S.Bradfield Parish Council 500
Swannington
with Alderford		 S.Little Witchingham Parish Council 1,000 1,636
1,835,123 1,837,588
5.OTHER TRADING ACTIVITIES
Total Total
31.03.23 31.03.22
Note f f
Consultancy
8cother fees		 10 319,536 324,711
Visitor centre g sales
activities		 10 1,003,781 1,016,439
1,323,317 1,341,150

6.OTHER IN COME
Total Total
Note 31.03.23 31.03.22
f f.
Contract income from the Environment
Agency 58,406 64,597
Other contract income 94,108 58,538
Sundry income 128,582 88,591
281,096 211,726
7.COSTS OF RAISING FUNDS
Total Total
31.03.23 31.03.22
f f
Fundraising and publicity costs 667,523 464,164
Membership
costs		 servicing
and		 recruitment 352,072 236,508
Consultancy trading activity costs 318,531 274,065
Visitor centre S.sales trading
costs		 activity 1,130,591 990,172
2,468,717 1,964,909
Of the costs of raising funds off2.4 million, f1,130,591relates to visitor centre S.sales trading activity costs
also include the
running		 of the Trust's visitor centres and associated visitor
educational		 activities.
In a
f318,531relates to the costs of running of Norfolk Wildlife Services Ltd, which provides ecological consultancy
8.CHARITABLE ACTIVITIES
Total Total
31.03.23 31.03.22
f f
Nature
Rese		 rve Ma n age ment 3,004,919 2,710,138
Wider countryside conservation 684,077 428,573
Education
activity		 569,297 542,154
4,258,293 3,680,865

Staff Costs Other
Direct Support Total
Direct
f		 Support
f		 Total
f		 Costs
f		 Depreciation
f		 Costs
f
Nature
Reserve
Management		 1,194,522 305,404 1,499,926 1,207934 180,104 340,097 3,228,061
Wider
Countryside 290,719 74,328 365,047 20,736 10,257 81,671 477,711
Conservation
Education
activity		 300,357 76,793 377,150 80,398 10,597 84,378 552,523
Fundraising
and
Publicity		 404,800 103,495 508,295 31,228 14,281 113,719 667,523
Membership
Servicing and 99,749 25,503 125,252 195,277 3,518 28,023 352,070
Recruitment
Visitor centre 8
sales activities		 570,540 570,540 560,051 1,130,591
Consultancy
operations		 229,701 229,701 88,830 318,531
Total for year to
31March 2023		 3,090,388 585,523 3,675,911 2,184,454 218,757 647,888 6,727,010

Staff Costs Other
Direct Support Total
Direct
f		 Support
f		 Total
f		 Costs
f		 Depreciation
f		 Costs
f
Nature
Reserve
Management		 1,113,493 249,790 1,363,283 849,581 158,041 339,233 2,710,138
Wider
Countryside 182,811 41,029 223,840 162,556 7,729 34,448 428,573
Conservation
Education
activity		 301,274 48,477 349,751 141,303 9,131 41,969 542,154
Fundraising
and
Publicity		 235,454 71,941 307,395 59,305 13,551 83,913 464,164
Membership
Servicing and 85,965 19,287 105,252 109,801 3,635 17,820 236,508
Recruitment
Visitor centre S.
sales activities		 990,172 990,172
Consultancy
operations		 274,065 274,065
Total for year to
31March 2022		 1,918,997 430,524 2,349,521 2,586,783 192,087 517,383 5,645,774

Norfolk Wildlife Services Limited
Summary
Profit 8 Loss Account
Year ended Year ended
31.03.23 31.03.22
E f
Turnover 319,094 324,711
Cost ofsales (295,025) (249,511)
Gross profit 24,069 75,200
Other expenses (23,506) (24,554)
Bank interest 442 10
Net profit 1,005 50,656
Amount
gift aided to Norfolk Wildlife Trust		 (1,005) (33,479)
Retained
in subsidiary		 17,177

Notes to the Financial St ateme nts
for th		 nts
for th		 e year ended 31March 2 e year ended 31March 2 023 - continued
The Trust also has a wholly owned subsidiary Norfolk Wildlife Enterprises Ltd which commenced
trading on 01
March 2008.The company's primary activity isthe running ofvisitor centres and other sales activities and the
company
pays all its profits		 to the Trust by gift aid.
A summary
ofthe trading		 results is shown below.
Norfolk Wildlife Enterprises
Limited
Summary
Profit &Loss		 Account
Year ended Year ended
31.03.23 31.03.22
E E
Turnover 1,003,781 969,860
Cost ofsales (924,982) (828,567)
Gross profit 78,799 141,293
Other income —grants (COVID 46,579
-19)
Other expenses (205,609) (161,605)
Net profit/(loss) (126,810) 26,267
Amount
gift aided to Norfolk Wildlife Trust
Retained
in subsidiary		 (126,810) 26,267

This is stated a fter chargi ng:
Year ended Year ended
31.03.23 31.03.22
f f
Depreciation 218,757 192,087
Amounts
paid		 under operating leases re vehicles 45,539 56,338
Auditor's
remuneration:
audit fees 12,500 8,900
audit fees re subsidiary companies 7,225 4,160
accountancy and other non-audit services 2,050 900

GROUP TRUST
Year ended Year ended Year ended Year ended
31.03.23 31.03.22 31.03.23 31.03.22
f f f f
Wages and salaries 3,168,984 2,625,959 2,464,495 2,019,180
Social Security costs 278,446 213,219 227,097 173,451
Pension costs 228,482 194,193 184,080 156,890
3,675,912 3,033,371 2,875,672 2,349,521

GROUP 5TRU ST
Equipment
Freehold Nature Office
Property
f		 Reserves
f		 Vehicles
f		 Machinery
f		 Equipment
f		 Total
f
Cost at 1April 2022 3,316,982 10,757,046 257,625 1,728,502 104,011 16,164,166
Additions 71,766 380,355 160,758 612,879
Disposals (78,504) (519,030) (80,673) (678,207)
Cost as at 31 March 2023 3,388,748 11,137,401 179,121 1,370,230 23,338 16,098,838
Depreciation as at 1April
2022 907,244 163,921 1,544,386 92,065 2,707,616
Charge for the year 94,012 26,226 97,586 933 218,757
Depreciation on (73,729) (530,386) (77,960) (682,075)
Disposals
Depreciation as at 31
March 2023 1,001,256 116,418 1,111,586 15,038 2,244,298
Net BookValue as at 31
March 2023 2,387,492 11,137,401 62,703 258,644 8,300 13,854,540
Net BookValue as at
31March 2022 2,409,738 10,757,046 93,704 184,116 11,946 13,456,550

15.INVESTMENTS 15.INVESTMENTS 15.INVESTMENTS 15.INVESTMENTS 15.INVESTMENTS 15.INVESTMENTS
a.Listed on the Stock Exchan'ge
Value as at 1April 2022 3,477,984
Additions
at cost		 583,750
4,061,734
Disposal proceeds
4,061,734
Tota
I losses		 (204,623)
Movement
in investment		 cash (249,749)
Value as at 31 March 2023 3,607,362
The investments ( unit trusts ) listed on a recognised stock exchange are as follows:
31.03.23 31.03.22
f E
Unit trusts 3,607,362 3,228,234
Cash 249,750
Total 3,607,362 3,477,984
Historical cost as at 31March 2023 3,622,462 3,288,462
The following
investment		 holdings represent more than 5%ofthe investment
portfolio		 by market value:
Sarasin Climate
COIF Charities		 Active Endowments
Fund
Ethical Investment
Fund		 E1,608,437
E1,679,967		 E1,460,111
f1,768,123
Cazenove
Charity		 Responsible Multi-Asset Fund E318,958
b.Group Undertakings
31.03.23 31.03.22
f E
Investments
in		 subsidiary undertakings 7,503

GROUP TRUST
31.03.23 31.03.22 31.03.23 31.03.22
f f f f
Grants receivable 1,067,685 394,177 1,067,685 394,177
Tax recoverable 53,536 35,408 53,536 35,408
Prepayments 26,267 33,129 16,903 33,129
Owed by Norfolk Wildlife Services Ltd 127,710 129,391
Owed by Norfolk
Ltd		 Wildlife Enterprises 303,799 107,638
Legacy income receivable 546,892 108,865 546,892 108,865
Other debtors 336,272 270,811 202,884 200,012
VAT repayable 5,457 5,457
2,030,652 847,847 2,319,409 1,014,077
17.CASH TERM DEPOSITS
GROUP TRUST
31.03.23 31.03.22 31.03.23 31.03.22
f f f f
Cash equivalents held on deposit with
notice periods of more than 3 months 3,653,192 4,086,558 3,653,192 4,086,558
18.CREDITORS - FALLING DUE WITHIN ONE YEAR
GROUP TRUST
31.03.23 31.03.22 31.03.23 31.03.22
f f f f
Life membership 54,960 50,720 54,960 50,720
Deferred income 263,029 294,657 263,029 294,657
Other creditors &accruals 513,051 432,889 449,921 368,978
831,040 778,266 767,910 714,355
d the ann ually
paid memb		 ership
income relati		 ng to the period post 31M arch 2023.
Group & Trust: 31.03.23 31.03.22
f f
Deferred income brought forward 294,657 243,156
Released during the year (294,657) (197,487)
Deferred during the year 263,029 248,988
263,029 294,657

19.RESTRICTED FUNDS
Balance Income Expenditure Transfers Balance
31.03.22 31.03.23
E E E E
Education
Fund		 17,260 64,195 (76,389) 5,066
Wider Countryside
Fund		 70,697 26,699 (75,549) 21,847
Reserves Management
Fund		 255,565 1,651,938 (1,516,550) (24,499) 366,454
Upton Broad, Upton
Acquisition
&Restoration		 27,009 27,009
projects
Whiteslea
Lodge
Maintenance
Fund		 1,577 (187) 1,390
Breeks Heathland
Project		 510,175 185,937 (148,045) 548,067
Hilgay Project 22,821 22,821
Gills Farm acquisition
&
restoration
project		 12,055 12,055
Living Landscapes 8,925 8,925
Bretts Wood
( formerly
The Lings, Thursford
)		 50,603 50,603
restoration
project
Bure Valley
Living
Landscape
project		 17,362 17,362
Cley reserve and centre
development
Fund		 30,361 30,361
Ingham
donation
&
legacy fund		 588,573 (48,646) (33,097) 506,830
Lines Wind Farm
apprenticeship
project		 15,986 (883) 15,103
Trinity Broads project 20,163 47,980 (50,023) 18,120
Children
& Nature
Fund		 23,441 7,584 31,025
Water, Mills &Marshes
project		 106 8,949 (15,781) (6,726)
Churchyard
Legacy Fund		 864,727 864,727
Foxley Wood land
acquisition
& restoration		 7,803 7,515 (1,895) (5,451) 7,972
Fund
Norfolk Wildlife
Future
Professionals
project		 (2,282) 2,339 (57)
Claylands
wider
Connections
Project		 48,048 116,820 (197,965) 33,097
Sweet Briar land
purchase		 73,030 570,772 (62,311) (375,660) 205,831
Whittle
Hickling
Land
Purchase		 283,000 283,000
Operational
Restricted
Funds		 2,664,005 2,973,728 (2,194,281) (405,610) 3,037,842
Fixed Asset Fund 1,307,058 (145,086) 30,585 1,192,557
NWT Nature
Reserve
historic cost		 8,148,520 375,025 8,523,545
Total Restricted
Funds		 12,119,583 2,973,728 (2,339,367) 12,753,944

Notes to the Financial State Notes to the Financial State men men ts
for the year ended 31March 2023 - continued		 ts
for the year ended 31March 2023 - continued
Of the f12.8 million restricted fund balance carried forward at 31March 2023 (2022:f12.1m ),f8.5 million (
2022:f8.1m ) represents the historic cost of nature
reserves
and other properties
acquired
using restricted
funds. These assets are retained as restricted
funds as Council feel morally obliged to retain them indefinitely.
Definitions of Restricted Funds
Education
Fund:		 Education
activities and projects
Fixed Asset Fund: Comprises
grants and donations
for purchase offixed assets
Wider Countryside
Fund:		 Projects related to County Wildlife Sites and work offthe nature
reserves
Reserves Management Fund: Funds held for future reserve management
work
Securing the Future: Capital improvements
at 26 Norfolk Wildlife Trust nature reserves,
funded
by the Heritage
Lottery Fund, corporate
and private
donations
Upton Broad, Upton;
acquisition		 and Funds for the purchase
and restoration
of land at Upton Broad,
restoration: Upton
Whiteslea
Lodge Maintenance		 Fund: Funds for the maintenance
ofWhiteslea
Lodge, Hickling
Breeks Heathland
Project:		 Partnership
project with Natural
England
and Forest Enterprise to
recreate heathland
on 9 Breeks sites
Hilgay Project: Partnership
project with the Environment
Agency to create 65
hectares ofwetland
habitat at Hilgay, near Downham
Market
Gill's Farm, Hilgay; acquisition and Funds for the purchase
and restoration
of land at Hilgay
restoration:
Living Landscapes
appeal:		 Funds for the purchase
and restoration
of land near Grimston
Warren
R. Hilgay, and in the Bure Valley.
Bretts Wood ( formerly The Lings, Funds for the restoration
ofwoodland
near Thursford
Thursford
), restoration		 Fund:
Bure Valley Living Landscape Project: Funds for wetland
restoration
8 creation work across the Bure
Valley
Cley reserve S.centre development Appeal and other funds for the development
ofthe reserve and
Fund: visitor centre at Cley
Ingham
donation
Fund:		 Funds
in respect ofa specific donation
and legacy which are to be
spent
in accordance with the late donor's wishes across a number of
NWT projects
NWT nature
reserves historic cost		 Historic cost ofconservation
land acquired
by NWT

Lines Wind Farm apprenticeship Lines Wind Farm apprenticeship Funds provided
by Lines		 Wind Farm to employ apprentices Wind Farm to employ apprentices Wind Farm to employ apprentices Wind Farm to employ apprentices working
project: on NWT nature
reserves
Trinity Broads Project: Project funded
by Essex		 &Suffolk Water for the management
ofthe
Trinity Broads
Children
and Nature
Fund:		 Funds to help children of all ages connect with
wildlife
and wildspaces,		 through
education,		 activities and inspiration
Water, Mills &Marshes project: Partnership
project providing
education		 activities at Thorpe Marshes
and Upton Marshes, together
with habitat		 restoration
at Upton
Marshes
Roydon Common
visitor access &		 Visitor access improvements
and public		 engagement
activities at
engagement
project:		 Roydon Common
Churchyard
Legacy Fund:		 Legacy funds for land purchase
and restoration
from the estate of
the late Mr G Churchyard
Mere Farm land acquisition &. Funds for the purchase and restoration of land adjacent to
restoration
Fund:		 Thompson
Common
Foxley Wood land acquisition & Funds for the purchase and restoration of land at Foxley Wood
restoration
Fund:
Norfolk Wildlife Future Professionals Project supporting
the skills development		 offuture conservation
project: professionals
Claylands
Wider Connections		 Project Project to restore habitat connections
in the South Norfolk		 Claylands
Sweet Briar land purchase Funds for the purchase and restoration of lands at Sweet Briar in
Norwich
Whittle
Hickling land purchase		 Funds for the purchase and restoration of land at Hickling

Notes to the Financial St atements for the year ended 31March 2023- continued
19.RESTRICTED FUNDS —PRIOR YEAR
Balance Income Expenditure Transfers Balance
01.04.21 31.03.22
E E E E
Education
Fund		 2,294 18,325 (3,359) 17,260
Wider Countryside
Fund		 57,672 90,480 (77,455) 70,697
Reserves Management
Fund		 178,198 1,552,303 (1,427,943) (46,993) 255,565
Securing the Future project 3,007 (3,007)
Upton Broad, Upton
Acquisition
& Restoration		 55,904 (5,075) (23,820) 27,009
projects
Whiteslea
Lodge
Maintenance
Fund		 2,081 (504) 1,577
Breeks Heathland
Project		 486,288 82,614 (58,727) 510,175
Hilgay Project 22,821 22,821
Gills Farm acquisition
&
restoration
project		 12,055 12,055
Living Landscapes
appeal		 8,925 8,925
Bretts Wood (formerly The
Lings, Thursford
) restoration		 51,563 (960) 50,603
project
Bure Valley Living Landscape
project		 17,362 17,362
Cley reserve and centre
development
Fund		 59,141 2,953 (31,733) 30,361
Ingham
donation
&.legacy
fund		 748,505 (38,150) (121,782) 588,573
Lines Wind Farm
apprenticeship
project		 15,986 15,986
Trinity Broads project 23,435 47,407 (50,679) 20,163
Children
&.Nature
Fund		 16,561 6,880 23,441
Water, Mills &Marshes
project		 2,023 (2,661) 106
Churchyard
Legacy Fund		 1,341,275 (476,548) 864,727
Mere Farm land acquisition
&restoration
Fund		 249,933 19,747 (760) (268,920)
Foxley Wood land
acquisition
&.restoration		 7,803 7,803
Fund
Norfolk Wildlife Future
Professionals
project		 54,026 32,083 (77,492) (10,899) (2,282)
Claylands
wider Connections
project		 122,860 (74,812) 48,048
Sweet Briar land purchase 94,599 (21,569) 73,030
Operational
Restricted
Funds		 3,415,579 2,072,274 (1,871,879) (951,969) 2,664,005
Fixed Asset Fund 1,413,926 (141,587) 34,719 1,307,058
NWT Nature
Reserve historic
cost		 7,231,270 917,250 8,148,520
Total Restricted
Funds		 12,060,775 2,072,274 (2,013,466) 12,119,583

Transfers
Balance Gains on between Balance
01.04.22
E		 Income
E		 Expenditure
E		 investments
E		 fundsf 31.03.23
E
General
Fund		 1,356,997 3,829,004 (4,215,964) (204,623) 1,032,389 1,797,803
Unrestricted
Fixed		 Assets 1,200,895 (2,844) (1,198,051)
Total General
Fund		 2,557,892 3,829,004 (4,218,808) (204,623) (165,662) 1,797,803
Designated
Funds:
Operational
designated
funds—
Strategy
Delivery 2023-
2027 4,546,819 (601,819) 3,945,000
Capital Expenditure Fund
(formerly
Reserves/Building		 837,500 2,710 (99,690) 281,480 1,022,000
emergency
fund)
Futures
Fund		 921,505 (921,505)
Woodland
Centenary
Fund 1,500,000 1,500,000
7,805,824 2,710 (99,690) (1,171,844) 6,537,000
Fixed asset designated
funds-
NWT nature reserve
historic cost 2,500,501 (2,500,501)
NWT freehold
buildings
and equipment
cost		 299,576 (69,145) (230,431)
NWT Fixed Asset
Designated
Fund		 4,138,438 4,138,438
Total Designated Funds 10,605,901 2,710 (168,835) 165,662 10,605,438
Total Unrestricted Funds 13,163,793 3,831,714 (4,387,643) (204,623) 12,403,241

20.UNRESTRICTED FUNDS (cont. )- PRIOR YEAR POSITION FUNDS (cont. )- PRIOR YEAR POSITION FUNDS (cont. )- PRIOR YEAR POSITION
Transfers
Balance Gains on between Balance
01.04.21 Income Expenditure investments funds 31.03.22
E E E E E E
General
Fund		 2,497,026 3,083,812 (3,164,532) 141,586 2,557,892
Designated
Funds:
Operational
designated
funds—
Business Strategy 2022-
2026 4,630,270 123,549 (231,431) 24,431 4,546,819
Capitai Expenditure
Fund
(formerly
Reserves/Building		 314,323 643,562 (69,186) (51,199) 837,500
emergency
fund)
Futures
Fund		 1,010,000 (88,495) 921,505
COVID-19 emergency
Fund 100,000 (33,572) (66,428)
Woodland
Centenary
Fund 1,500,000 1,500,000
7,554,593 767,111 (422,684) (93,196) 7,805,824
Fixed asset designated
funds-
NWT nature reserve
historic cost 2,500,501 2,500,501
NWT freehold
buildings
and equipment
cost		 251,472 (45,092) 93,196 299,576
Total Designated
Funds		 10,306,566 767,111 (467,776) 10,605,901
Total Unrestricted
Funds		 12,803,592 3,850,923 (3,632,308) 141,586 13,163,793

21.ANALYSIS OF GR OUP NET ASSETS BE TWEEN FUNDS
Unrestricted
General Designated Restricted Total
Funds
f		 Fundsf Funds
f		 Funds
f
Fund Balances at 31March 2023 are represented by:
Fixed Assets 4,138,438 9,716,102 13,854,540
Investments 3,607,362 3,607,362
Net current assets 1,797,803 2,859,638 3,037,842 7,695,282
1,797,803 10,605,438 12,753,944 25,157,185
ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS —PRIOR YEAR
Unrestricted
General Designated Restricted Total
Funds Funds Funds Funds
f f f f
Fund Balances at 31March 2022 are represented by:
Fixed Assets 1,200,895 2,800,077 9,455,578 12,456,550
Investments 1,811,318 1,666,666 3,477,984
Net current (liabilities) / assets (454,321) 6,139,158 2,664,005 8,348,842
2,557,892 10,605,901 12,119,583 25,283,376
22.COMMITMENTS UNDER OPERATING LEASES
As at 31March 2023 the total future minimum lease payments under non-cancellable operating leases in respec
vehicles and property rents as set out below:
Land and buildings Motor vehicles
31.03.23 31.03.22 31.03.23 31.03.22
f f f f
Operating leases which expire within one 10,223 12,077 12,908 14,005
year
Operating
leases which expire within
to five years		 two 1,675 4,126 1,104
10,620
11,898 16,203 14,012
24,625

GROUP GROUP TRUST TRUST
2023 2022 2023 2022
f f f f
Financial assets
Measured atfair value through net
income/expenditure:
Fixed asset listed investments (note 15) 3,607,362 3,477,984 3,607,362 3,477,984

Unrestricted Funds Restricted Total
Note General Designated Funds Funds
Funds Funds 31.03.22
Income from:
Donations
and legacies		 1,390,326 766,911 148,901 2,306,138
Charitable
activities		 114,996 1,837,618 1,952,614
Other trading
activities		 1,341,150 1,341,150
Investments 111,569 111,569
Otherincome 125,771 200 85,755 211,726
Total income 3,083,812 767,111 2,072,274 5,923,197
Expenditure
on:
Raising funds —charity activities 623,921 37,298 39,453 700,672
Raising funds —subsidiary trading 1,264,237 1,264,237
trading activities
Charitable
activities		 1,276,374 430,478 1,974,013 3,680,865
Total expenditure 3,164,532 467,776 2,013,466 5,645,774
Net gains on investments 141,586 141,586
Net income 60,866 299,335 58,808 419,009
Gross transfers
between		 funds 19,20
Net movement
in funds		 60,866 299,335 58,808 419,009
Reconciliation offunds:
Total funds brought forward 19,20 2,497,026 10,306,566 12,060,775 24,864,367
Total funds carried forward 19,20 2,557,892 10,605,901 12,119,583 25,283,376