2021-03-31-accounts

	Page
LEGAL AND ADMINISTRATIVE INFORMATION
TRUSTEES' REPORT	2-5
INDEPENDENT EXAMINERS REPORT
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET
NOTES TO THE FINANCIAL STATEMENTS	9 —19
SUPPLEMENTARY NOTES TO THE FINANCIAL STATEMENTS	20-22

		Notes	Restricted	Unrestricted	2021	2020
			funds	funds	Total	Total
					funds	funds
Income from:
Grants and donations			6,790	10,000	16,790	3,462
Investments				74	74	853
Charitable activities:
Rental income				55,472	55,472	56,368
Total income			6,790	65,546	72,336	60,683
Expenditure on:
Charitable activities				58,767	58,767	37,659
Total expenditure				58,767	58,767	37,659
Net incoming resources before			6,790	6,779	13,569	23,024
transfers
Transfers between funds
Net incoming resources before
other recognised gains and			6,790	6,779	13,569	23,024
losses
Revaluation (loss) Isurplus	on
investment property		10		69,000	69,000	(5,000)
Net movement in funds			6,790	75,779	82,569	18,024
Reconciliation offunds
Total funds brought forward			636	799,615	800,251	782,227
Net movement in funds			6,790	75,779	82,569	18,024
Total funds carried forward		14,15	7,426	875,394	882,820	800,251

			NORWICH	NORWICH	PRESERVATION TRUST	PRESERVATION TRUST
				LIMITED BYGUARANTEE
				BALANCE SHEET
				AS AT 31 MARCH 2021
			COMPANY REGISTRATION			NUMBER - 869736
				Notes		2021		2020
Fixed assets
Investment Property				10		986,435		876,686
Current assets
Work in progress				11		43,706	24,587
Debtors				12		5,322	49,523
Cash at bank	and	in hand				67,124	65,804
					116,152		139,914
Creditors
Amounts falling due within			one year	13	115,058		112,219
Net current assets I(liabilities)						1,094		27,695
Total assets	less	current	liabilities			987,529		904,381
Creditors
Amounts falling due after			one year	13		104,709		104,130
Net assets						882,820		800,251
Charity Funds
Restricted fund				14		7,426		636
Unrestricted	Funds			14		875,394		799,615
Total funds						882,820		800,251

come from dona	tions and legacies
		Restricted	Unrestricted	Total	Total
		Funds	Funds	Funds	Funds
		2021 F	2021f	2021f	2020
Grants &donations		6,790		6,790	3,462
Covid Small Business Grant			10,000	10,000
Total donations	and legacies	6,790	10,000	16,790	3,462
Total 2020			3,462	3,462

come from charitable activities
	Restricted	Unrestricted	Total	Total
	Funds	Funds	Funds	Funds
	2021	2021	2021	2020f
Rental income		55,472	55,472	56,368
Total income from charitable
activities		55,472	55,472	56,368
Total 2020		56,368	56,368

Investment income
				Restricted		Unrestricted		Total		Total
				Funds			Funds	Funds		Funds
					2021f		2021 f	2021		2020 f
Interest on bank deposits							74		74	853
Total investment income							74		74
Total 2020							853	853
Analysis ofexpenditure
	Basis of	Renta	I	Prop-	Govern	2021	Rental	Prop-	Govern-	2020
	Allocation	income		erty	-ance	Total	income	erty	ance	Total
Costs directly allocated to	activities
Loan interest	Direct	(2,329)				(2 &329)	1 569			1,569
Property maintenance	Direct	12,719			-	12,719	7,154			7,154
Impairment of 16Elm Hill
following renovation	Direct		-	12,427		12,427
Management 8 letting fees	Direct	5,522				5,522	(150)			(150)
Retainers 8 employee costs	Usage	11,165			9,736	20,901	13,220		6,574	19,794
Preparation ofaccounts 8
Independent Examiner's
fees	Direct				3,152	3,152	-	-	3,776	3,776
Support costs allocated to	activities
General office costs	Usage				6,375	6,375	-	-	5,516	5,516
Total resources expended		27,077		12,427	19,263	58,767	21,793	-	15,866	37,659

taff costs are as follows
	2021	2020
Wages and salaries	20,784	22,126
Social security costs
Pension costs	426	479
Total staff costs	21,210	22,605

Investment	property
		Long leasehold land	Freehold land	Total
		and buildings	and buildings
At valuation	as at 31 March 2020	729,326	147,360	876,686
Additions in	year	53,176		53,176
Revaluation		66,320	2,680	69,000
Impairment		(12,427)		(12,427)
Total at 31	March 2021	836,395	150,040	986,435

reditors
							2021	2020
(a) amounts falling due within one		year
Trade creditors							11,713	10,847
Short term loans (note	12(b))						65,596	63,765
Interest Payable							4,055	1,264
Accruals and deferred	income						21,786	30,596
Value Added Tax							661	1,452
Other creditors							11,247	4,295
							115,058	112,219
(b) short term loans are made up		as follows:
2.5%Bounce Back Loan (Co-operative				Bank)			1,272
4% loan from Norwich	City Council						14,324	13,765
8% loan from The Architectural		Heritage		Fund			50,000	50,000
							65,596	63,765
(c) amounts falling due after more than			one year
2% Bounce Back Loan (Co-operative			Bank)				14,903
4% loan from Norwich	City Council						89,806	104,130
							104,709	104,130
Included within creditors	above	are amounts			repayable	by
instalments falling due	as follows;
Between one and two	years						18,013	14,324
Between two and five years							58,243	46,550
After more than five years							28,453	43,256
							104,709	104,130

14	Statement of	funds	—current year
	Restricted funds		At 1 April	Income	Expend-	Transfers	Re-	At 31
			2020	(including	iture	between	valuation	March
				gains)		funds		2021
						K	K
	Donations		636					636
	Grant - Ninham's			6,790				6,790
	Court
			636	6,790				7,426
	Unrestricted	funds	799,615	65,546	(58,767)		69,000	875,394
	Total	funds	800,251	72,336	(58,767)		69,000	882,820
	Statement of	funds	—prior year
	Restricted funds		At 1 April	Income	Expend-	Transfers	Re-	At 31
			2019	(including	iture	between	valuation	March
				gains)		funds		2020
				E			E	E
	Donations		636					636
	Grant —16Elm Hill		11,813			(11,813)
			12,449			(11,813)		636
	Unrestricted	funds	769,778	60,683	(37,659)	11,813	(5,000)	799,615
	Total	funds	782,227	60,683	(37,659)		(5,000)	800,251

Analysis of	net as	s	et	s betw	een funds —current ye	ar
						Restricted	Unrestricted
						Fund	Funds	Total
						2021	2021	2021
Fixed assets							986,435	986,435
Work in progress						6,154	37,552	43,706
Debtors							5,322	5,322
Cash at bank and		in		hand		636	66,488	67,124
Creditors							(219,767)	(219,767)
						6,790	875,394	882,820
Analysis ofnet assets between funds —prior year
						Restricted	Unrestricted
						Fund	Funds	Total
						2020	2020f	2020 F
Fixed assets							876,686	876,686
Work in progress							24,587	24,587
Debtors							49,523	49,523
Cash at bank and		in		hand		636	65,168	65,804
Creditors							(216,349)	(216,349)
						636	799,615	800,251
Related party transactions
							2021	2020
Norwich City	Council							E
Transactions	during		the year:
Loan principal	repayments						13,765	13,215
Interest payable							4,511	5,062
Rents payable							4,060	4,250
Creditor balances at			the year		end:
Outstanding loans							104,130	117,895
Principal and	interest		payable					4,569
Rents payable							4,148	3,026
Debtor balances at		the year end:
Recharge ofshared			building		costs			20,093
Contracted payments				under	long term lease		315,230	372,787
arrangements:

t 31 March 2021 the company had contracted with ayments:	tenants to receive the future minimum	lease
	2021	2020
	E	E
Within one year	3,972	9,472
Between one and five years	9,004	9,504
More than five years	299,384	292,172
	312,360	311,148

Operating lease expenditure ar	rangements
At 31 March 2021 the company	had contracted	with	landlords	to pay the future minimum	lease
payments:
				2021	2020
Within one year				3,200	6,126
Between one and five years				12,800	17,000
More than five years				299,230	351,537
				315,230	374,663