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||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|
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|||Notes|Restricted|Unrestricted|2023|2022|
|---|---|---|---|---|---|---|
||||funds|funds|Total|Total|
||||||funds|funds|
|Income from:|||||||
|Grants and|donations||2,000||2,000|12,000|
|Investments||||847|847|155|
|Rentals||||54,997|54,997|51,310|
|Total income|||2,000|55,844|57,844|63,465|
|Expenditure|on:||||||
|Charitable|activities||2,000|95,942|97,942|113,423|
|Total expenditure|||2,000|95,942|97,942|113,423|
|Net incoming|resources before|||(40,098)|(40,098)|(49,958)|
|transfers|||||||
|Transfers
between
funds|||||||
|Net incoming|resources before|||(40,098)|(40,098)|(49,958)|
|other recognised
gains and losses|||||||
|Revaluation|surplus
on|10||10,559|10,559|66,050|
|investment|property||||||
|Net movement
in funds||||(29,539)|(29,539)|16,092|
|Reconciliation offunds|||||||
|Total funds|brought forward||7,426|891,486|898,912|882,820|
|Net movement
in funds||||(29,539)|(29,539)|16,092|
|Total funds carried forward||14,15|7,426|861,947|869,373|898,912|
##
|||LIMITED BYGUARANTEE|LIMITED BYGUARANTEE||||
|---|---|---|---|---|---|---|
|||BALANCE SHEET AS AT31MARCH||2023|||
||COMPANY||REGISTRATION NUMBER|-869736|||
|||Notes||2023||2022|
|||||f||f|
|Fixed assets|||||||
|Investment|Property|10||829,680||736,050|
|Current assets|||||||
|Work in progress||11|50,499||46,161||
|Debtors||12|49,937||67,330||
|Cash at bank|and in hand||88,840||167,171||
||||189,276||280,662||
|Creditors|||||||
|Amounts
falling due within one year||13|81,578||31,105||
|Net current|assets / (liabilities)|||107,698||249,557|
|Total assets|less current liabilities|||937,378||985,607|
|Creditors|||||||
|Amounts
falling due after one year||13||68,005||86,695|
|Net assets||||869,373||898,912|
|Charity Funds|||||||
|Restricted
fund||14||7,426||7,426|
|Unrestricted|Funds|14||861,947||891,486|
|Total funds||||869,373||898,912|
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|||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Funds|
|||||2023|2023|2023|2022|
|||||E|f|E|f|
|Grants 8 donations||||2,000||2,000|12,000|
|Total donations|and|legacies||2,000||2,000|12,000|
|Total 2022||||12,000||12,000||
|Income from charitable||activities||||||
|||||Restricted|Unrestricted|Total|Total|
|||||Funds|Funds|Funds|Funds|
|||||2023|2023|2023|2022|
|||||E||f|f|
|Rental income|||||54,997|54,997|51,310|
|Total income from charitable|||activities|||||
||||||55,997|54,997|51,310|
|Total 2022|||||51,310|51,310||
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||||||Restricted|Restricted|Unrestricted|Unrestricted|Total|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Funds||Funds|Funds|Funds||
|||||||2023||2023|2023|2022||
|||||||||f|f||f|
|Interest on|bank|deposits||||||847|847||155|
|Total investment||income||||||847|847|||
|Tota I 2022||||||||155|155|||
|Analysis ofexpenditure||||||||||||
||||Basis of|Rental||Govern-|2023|Rental||Govern-|2022|
||||Allocation|income
f|Property
f|ance
f|Total
f|income
f|Property
f|ance
f|Total
f|
|Costs directly|allocated|||||||||||
|to activities||||||||||||
|Loan interest|||Direct|1,886|||1,886|3,012|||3,012|
|Property
maintenance|||Direct|28,681|||28,681|35,076|||35,076|
|Impairment
of16Elm||||||||||||
|Hill following
Management|renovation
5 letting||Direct||||||17,925||17,925|
|fees|||Direct|24,091|||24,091|28,545|||28,545|
|Retainers
g employee||||||||||||
|costs|||Usage|27,149||9,171|36,320|8,821||14,563|23,384|
|Preparation
ofaccounts||||||||||||
|5 Independent||||||||||||
|Examiner's fees|||Direct|||4,263|4,263|||3,974|3,974|
|Support costs|allocated|||||||||||
|to activities||||||||||||
|General office|costs||Usage|||2,701|2,701|||1,507|1,507|
|Total resources||||||||||||
|expended||||81,807||16,135|97,942|75,454|17,925|20,044|113,423|
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|Summary|by fund|type||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Funds|
|||||2023|2023|2023|2022|
|||||f|f|f|f|
|Rental income||||2,000|79,807|81,807|75,454|
|Governance|||||16,135|16,135|20,044|
|Property|||||||17,925|
|Total expenditure||on charitable|activities|2,000|95,942|97,942|113,423|
|Tota I 2022||||12,000|101,423|113,423||
##
||2023|2022|
|---|---|---|
||f|f|
|Wages and salaries|27,855|23,909|
|Social security costs|||
|Pension costs|646|521|
|Total staff costs|28,501|24,430|
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||||Long leasehold
land|Freehold
land|Total|
|---|---|---|---|---|---|
||||and buildings|and buildings||
||||f|f|f|
|At valuation||as at 31March 2022|631,000|105,050|736,050|
|Additions|in|year|83,071||83,071|
|Revaluation|||17,500|(6,941)|10,559|
|Total at|31March 2023||731,571|98,109|829,680|
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|Work in prog|ress||
|---|---|---|
|||2023|
|||f|
|Work in progress 1April 2022||46,161|
|Expenditure|in year||
|26-30 Elm|Hill project|1,594|
|Ninham's|Court project|2,744|
|Work in progress at 31March 2023||50,499|
|Debtors|||
|---|---|---|
||2023|2022|
||f|f|
|Trade debtors|2,570|2,327|
|Prepayments|2,981|2,606|
|Value Added Tax||3,769|
|Other debtors|44,386|58,628|
||49,937|67,330|
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||f|E|
|(a)|amounts
falling due within one year|||||||
||Trade creditors|||||36,654|7,927|
||Short term loans (note|13(b))||||18,690|18,014|
||Accruals and deferred|income||||4,512|4,696|
||Value Added Tax|||||2,997||
||Other creditors|||||18,725|468|
|||||||81,578|31,105|
|(b)|short term loans are made up as follows:|||||||
||2/o Bounce Back Loan|(Co-operative|Bank)|||3,186|3,108|
||4/o loan from Norwich|City Council||||15,504|14,906|
|||||||18,690|18,014|
|(c)|amounts
falling due after|more than one year||||||
||2/o Bounce Back Loan|(Co-operative|Bank)|||8,609|11,795|
||4/o loan from Norwich|City Council||||59,396|74,900|
|||||||68,005|86,695|
||Included
within creditors above are||amounts|repayable|by|||
||instalments
falling due|as follows;||||||
||Between one and two|years||||19,407|18,690|
||Between two and five|years||||48,598|59,023|
||After more than five years||||||8,982|
|||||||68,005|86,695|
##
|Restricted funds|Restricted funds|At 1April|Income|Expend-|Transfers|Re-|At 31|
|---|---|---|---|---|---|---|---|
|||2022||iture|between|valuation|March|
||||||funds||2023|
||||||f||f|
|Donations||636|2,000|(2,000)|||636|
|Grants||6,790|||||6,790|
|||7,426|2,000|(2,000)|||7,426|
|Unrestricted|funds|891,486|55,844|(95,942)||10,559|861,947|
|Total|funds|898,912|57,844|(97,942)||10,559|869,373|
|Statement of|funds —prior year|||||||
|Restricted funds||At 1April|Income|Expend-|Transfers|Re-|At 31|
|||2021||iture|between|valuation|March|
||||||funds||2022|
||||||f||f|
|Donations||636|12,000|(12,000)|||636|
|Grants||6,790|||||6,790|
|||7,426|12,000|(12,000)|||7,426|
|Unrestricted|funds|875,394|51,465|(101,423)||66,050|891,486|
|Total|funds|882,820|63,465|(113,423)||66,050|898,912|
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||||||||Restricted|Unrestricted||
|---|---|---|---|---|---|---|---|---|---|
||||||||Fund|Funds|Total|
||||||||2023|2023|2023|
||||||||f|f|f|
||Fixed assets|||||||829,680|829,680|
||Work in|progress|||||6,790|43,709|50,499|
||Debtors|||||||49,937|49,937|
||Cash at bank||and in||hand||636|88,204|88,840|
||Creditors|||||||(149,583)|(13S,093)|
||||||||7,426|861,947|869,373|
||Analysis|ofnet assets between||||funds —prior year||||
||||||||Restricted|Unrestricted||
||||||||Fund|Funds|Total|
||||||||2022|2022|2022|
||||||||f|f|f|
||Fixed assets|||||||736,050|736i050|
||Work in|progress|||||6,790|39,371|46,161|
||Debtors|||||||67,330|67,330|
||Cash at bank||and in||hand||636|166,535|167,171|
||Creditors|||||||(117,800)|(117,800)|
||||||||7,426|891,486|898,912|
|16|Related|party||transactions||||||
|||||||||2023|2022|
||Norwich|City|Council|||||f|f|
||Transactions||during the year:|||||||
||Loan principal|||repayments||||14,906|14,324|
||Interest|payable||||||3371|3,953|
||Rents payable|||||||5,450|3,824|
||Creditor|balances at|||the year end:|||||
||Outstanding|||loans||||74,900|89,806|
||Rents payable|||||||2,874|624|
||Contracted
payments||||under long term lease|||527,524|322,657|
||arrangements:|||||||||
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||2023
f|2022f|
|---|---|---|
|Within one year|74,301|38,301|
|Between one and five years|163,019|118,668|
|More than five years|460,155|451,226|
||697,475|608,195|
##
||2023
f|2022f|
|---|---|---|
|Within one year|5,450|5,450|
|Between one and five years|27,341|21,176|
|More than five years|494,733|296,031|
||527,524|322,657|
##
##
||||SUPPLEME|SUPPLEME|SUPPLEME|NTARY
NOTE TO THE FINANCIAL ST
YEAR ENDED 31MARCH 2023|NTARY
NOTE TO THE FINANCIAL ST
YEAR ENDED 31MARCH 2023|ATEMENTS|||
|---|---|---|---|---|---|---|---|---|---|---|
|1.|Income and Expenditure||Account|||for the year ended 31March 2023|||||
||||||||2023||2022||
||Rental Income||||||f||f||
||Rack rentals||||||||||
||Queen Anne Yard||||||195||2,450||
||23/25 St Augustines||Street||||||3,765||
||2-4 StAndrew's
Hill||||||9,000||9,000||
||Augustine
Steward|House|||||14,601||22,558||
||Briton's Arms||||||22,500||6,241||
||Ground
Rentals||||||2,301||2,297||
||Lease Extensions||||||6,400||5,000||
|||||||||54,997||51,310|
||Property Expenditure||||||||||
||Rents payable||||||5,450||3,824||
||Provision for bad debts||||||||1,266||
||Repairs and maintenance||||||16,335||21,125||
||Utility services||||||4,656||1,501||
||External management||and legal fees||||24,091||28,545||
||Property insurances||||||2,240||7,630||
|||||||||(52,772)||(63,621)|
||Net Rentallncome|||||||2,225||(12,311)|
||Grants &Donations|||||||2,000||12,000|
||Interest receivable|||||||847||155|
||Total Income|||||||5,072||(156)|
||Overhead
expenditure||||||||||
||Office rent and running|||costs|||1,644||508||
||Retainers
and employment||||costs||36,320||23,384||
||General expenses||||||643||837||
||Annual
accounts preparation|||||&examination|2,464||2,546||
||General
loan interest||||||1,886||3,012||
||Other professional||fees||||2,213||1,590||
||Total overhead
expenditure|||||||(45,170)||(31,877)|
||Impairment
of16Elm||Hill|on|completion|||||(17,925)|
|||||||||(40,098)||(49,958)|
||Unrealised
profit on property||||revaluation|||10,559||66,050|
||Profit for the financial||year|||||(29,539)||16,092|
##
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|||Value at|Additions|Impair-|Disposals|Revalu-|Value at|
|---|---|---|---|---|---|---|---|
|||1April||ment||ation|31March|
|||2022|||||2023|
|Fixed assets||f|||||f|
|Edmund
Wood House||3,900|||||3,900|
|Muspole Street||9,000|||||9,000|
|Queen Anne Yard||23,000||||4,000|27,000|
|57StAugustines
Street 8||9,650||||130|9,780|
|1-4Stonemasons
Court||||||||
|23/25 St Augustines|Steet5|47,500|83,071|||(10,571)|120,000|
|1-3Barnes Yard||||||||
|Dixon's Court||5,000|||||5,000|
|2-4 StAndrews
Hill||100,000|||||100,000|
|31-37Church
Lane,|Eaton|4,000|||||4,000|
|Augustine
Steward|House|460,000||||20,000|480,000|
|137/143 Magdalen|Street|8,000|||||8,000|
|Briton's Arms||70,000||||(2,500)|67,500|
|16Elm Hill||1,000|||||1,000|
|Gybson's
Conduit||(5,000)||||(500)|(5,500)|
|Total fixed assets||736,050|83,071|||10,559|829,680|
|Work in progress||||||||
|26-30 Elm Hill||26,785|1,594||||28,379|
|9Ninham's
Court||19,376|2,740||||22,119|
|Total work in progress||46,161|4,334||||50,498|
|Total assets||782,211|87,405|||10,559|880,178|
|3|Analysis ofexpenditure
on 26-30 Elm Hill Project|Analysis ofexpenditure
on 26-30 Elm Hill Project|Analysis ofexpenditure
on 26-30 Elm Hill Project||Value at
1April|Movement
in year|Value at
31March|
|---|---|---|---|---|---|---|---|
||Expenditure||||2022
f||2023
f|
||Cost of building
and building
works
Professional
fees and expenses
Other costs including
planning
and building
NPT overheads
and interest allocated||regulation|fees|18,232
757
7,796|1,594|18,232
757
9,390|
||Total work in progress||||26,785|1,594|28,379|
|4|Analysis of expenditure
on 9 Ninham's|Court|Project||Value at
1April|Movement
in year|Value at
31March|
||Expenditure||||2022
f||2023f|
||Cost of building
and building
works
Professional fees and expenses
Other costs including
planning
and building
NPT overheads
and interest allocated||regulation|fees|11,330
563
6,732|3
2,741|11,330
566
9,473|
||Total work in progress||||18,625|2,744|21,369|
||Historic building
grants and donations||||(6,790)||(6,790)|