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|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||
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|||||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|