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||Page|
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|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|
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|||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|
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|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||
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|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||
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|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|
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|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|
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|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|
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|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|
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|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|
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|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:|||||||||
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|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|
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|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|
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