NORWICH PRESERVATION TRUST
UMITED BY GUARANTEE
REGISTEREO NUMBER 869736
CHARITr NUMBER 258440
UNAUtrfTED ANNUAL REPORT
YEAR ENDEO 31 MARCH 2025

NORWICH PRESERVATION TRusr
UMITED BY GUARA14TEE
ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
CONTEKrs:
Pale
LEGAL AND ADMINISTRATIVE INFORMATION
TRu¥fEES' REPORT
INDEPENDENT EXAMINERS REPORT
STATEMENT OF FINANCIAL AcfiviTIES
BALANCE SHÉET
NOTES TO THE FINANCIAL STATEMENTS
9-19
SUPPLEMENTARY NOTESTO THE FINANCIAL STATEMENTS
21k22

NORWICH PRESERVATION TRIIST
UMITED BY GUARANTEE
DIRECr￿ 0FFKER$AP￿ REGISVERED OFKE
The govemiw Wy presents thelr reFMYt tQ8ether wlth the financial ststements for the year ended 31 Marth
2025.
The registered charity number is 258440
The company re8iStrdtion number is 869736
CHAIRMAN
MrSJ Earl MBE
TRusfEES
MrSIEarfMBE
MrRGRose
Councillorj E Lubbock
Mrs J E King
MrRENQuinn
Mr M T Martin MBE lfrom 7 May 2024)
Counallor M K A SdKnierer
Councillor M L FuIt{￿-￿C Alister
Council1￿ C D Smith (from 19 Nov 2024)
Councillor G Champion Ifrom 19 Nov 20241
Councillor P R Prinsley Iresigned 13 Aug 20241
Ms K A Watlin8 IfrLKn 7 May 2024 res18ned 14 Sep 20251
SECAETARY & TrEASURER
Mrs L C A Tarabay Bcom CPFA
REGISTERED OFFICE AND PRINCIPALADDRESS
63. Colegate
Norwlch
Norfolk
NR3 3AS
SOuc￿oR$
Mills & Reeve LLP
I Stjames Court
Whitefriars
Norwich
NR3 IRU
BANKERS
The Co-operative Bank plc
69 London Street
Norwich
Norfolk
NR2 iTrrr
INDEPENDENT EXAMINER
Giles Kerkharn FCA DChA
Larking Gowen LLP
I. Floor, Prospect House
Rouen Road
Norwlth
NRI IRE

NORWICH PRESERVATION TRUST
LIMITED 8Y GUARANTEE
REPORT OF THE TRUSTEES
YEAR E140EO 31 MARCH 2025
The Trustees {who are also directors of the tharlty lor the purposes of the Companles Artl present their annual
report together wlth the financial statements of Norwich Preserwation Trust Limlted Ithe Company) for the year
erbded 31 March 2025. The Trustees confim) that the Annual Report and finonclal statements of the compony
comply with the current statutory requirements. the requirements of the company's governing document and
the provisions of the Statement of Recommended Prartice150RPI. applicable to charities preparingtheir accounts
in accordance with the Financial Rewwting Standard applicable in the UK and Republic of Ireland IFRS 1021.
Structure. Governance and Mana8eiY*nt
Governin8 Document
The Company is a chafitable company limited by Buarantee. inc(yw)rated on IS January 1966 arbd registered as
a charity on 18 April 1969. The compaTry was established under a Memorandum of ASs￿latIon defining the
ob}erts and powers of the charrtable c(xnpany and is governed under its Artides of Associaticm. In the event of
the company being wound up members are required to contributean an￿￿t not exceedi￿£10.1xl (ten pounds).
The director5 of the tompany are also charity trustees for the pvrFKJ5es of tharlty law. Under the company's
Memorandum and Articles of Association there is a maximum number of eleven of whom four or such lesser
number as the Norwich City Council may prestrlbe are nominated by the Nomch City Council and three are to
be nominated by the NopwSch Society.
Under the requirements of the Memorandum and Artldes the member5 of the Councll of Management retlre by
rotation wtth one-third ol the members relirln8 eath par and able to offer themsel¥es for re-electlon at the
Annual General Meetin8.
Appointments are made from nomlnees of the Norwlch aty Counal and the Norwich Society. The Company Is
Independent of the two nominating bodies and neither has direct control over the admlnlstratlon of the trust.
Trustee Inductlon and TraSnlni
Those trustees appointed are nornially already experienced wth the of charities and in addition bring an
appropriate interest and skill to the Govemin8 Body. The Memorandum and Artides of Association are made
available together with athryce ￿ the dual role of mernber and trustee.
The nature of the Cornpany as a Building Preser4tation Trust and its operation as a rolling fund Trust is explained
together with a CLJrrent report on projects in hand and planned V•ith a financial summary and an outline of sources
of funding.
New trustees will be provided with the tharity Commission kM)oklets C(3 and CC3a.

NORWICH PRESERVATION TRusr
UMITED BY GUARANTEE
REPORT OF THE TRUSTEES (Co￿1￿)
YEAR E14DED 31 •AARCH 2024
Rlsk Management
The records of the Company are held at the Companvs Reglstered offite and atthe home address ofthe Company
Secretary. The majority are held on computer, and these are continualty backed up to a aoud stora8e system to
mlnimise the risk of data loss.
Flnancial payments are predominantty made by internet bankin& with theques now only ra￿lY used, there are
no cash payments. Payments are ￿lY made after 3￿hOnSltiOn by two of the Trusys authorised signatories.
Risk in undertaking projects is managed in the careful selection of wofessional teams expuienced in historic
building conseThaticffl wtth the dienl interest bel￿ represented by an experienced projert organlser.
A comprehensive risk mana8ement asses5ff￿ 55 regularly re￿eWed by the Trustees.
The tOrnpan￿S primaryobjert is to Pr￿1Ve10rthe benefitofthe Cjty ofNorwich and ofthe Nation. the historical,
architertural and construttional heritage that may exist in and around the City of Norwich (including any structure
or erection. and any part of a building as so defined) of particular beauty or historical. architectural or
constructional interest.
The company achieves its objects by w￿kIng with the local authorities. statutory bodies, grant and loan giving
agencles to take on, restore. repair and refurts'sh buildings al risk to bring them back into beneficial use. In this
the Trustees give due regard to the Charity CommI￿lonerS 8uidaKe on seajring public benefrt.
On completlon of the project the restored buildin8s are elthef sold on or Set with sale recelpts or loans secured
by rental income forming the re¥olvin8 fund by vthith the company maintsins its facility to continue its work.
The Trust has undertaken and completed some twenty restoration projects: the projects have all been bulldlngs
at risk and have involved partnerships with other interests including the Norwich City Council and commercial
organisatlons. The projects have retumed formerly derelirt building5 into residential and comrnercial use.
60 residential flats arKI houses have been p￿serVed or created, including five let on lon8 lease to a soclal housing
landlord. 16 business premises have been preserved as shops and offKes and include Edmund Wood House let
to the Anteros Arts Centre.
Flve of the bu5ine55 premises are retsined by the Trust, 63 Colegate is used by the Trust as its office, with the
remainder let out on commeraal leases to proMde a core rental income to slipp￿t the day to day running costs
of the Trust.
A vlability study hès been completed ￿ the asslstance of grant funding from the Arthitectural Herlts8e Fund
and the Trust is deVelo￿ng proposals to weserye the Grade Il. Listed woperty 6-9 Ninham's Court and to return
it to use as residential Ilwellin85. The Trust is also in discussion with the Norwich City Council on possible co-
operation on further properties currently in the stewardship of the Council.

NORWICH PRESERVATION TRUST
UMITED BY GUARAKfEE
EPORT OF ThE TRUSfEES
YEAR ENDED 31 MARCH 2025
Flnandal Revlew
Wlth the pressure being exerted on Hlstorlc England. The National Lottery Heritage Fund and local authorlty
resources it hès become increasingly difficult to sour¢e fundlne for presetvation of historic buildlngs other than
those classlfled as being of exceptional quality. There is some relief in that the main fundin8 bodies are offering
rants to undertake project viability studies and project development work.
During the year all the Trusys commercial properties were leased on tenns that reflect current market rents.
An organisational miew was conducted durln8 the year leading to a redudion in overf￿ad costs that will enable
more resources to be available towards fundin8 the Trusys building preservation actTVities.
The Trustees have reviewed forecasts of income and expenditure and have a reasonable expertatlon that the
Company has sufficient resources to tontinue its operations for the foreseeable future. The Trustees therefore
consider it appropriate to prepare the financial statements on the going concem basis.
Prindpal Funding Sources
To date these have included grants fr(￿ Norwith City Councll. Historbc England. the Architectural Heritage Fund,
proceeds of sales. loans secured on property and an annual rentsl in((#ne in the order of £97,(￿K>.
In 2017 the Trust took out a teTr￿aT loan of £1S0,(XKI at 4% from the Norwith Coundl secured by a floatlng
charge over the following properties-
63 Cole8ate, Norwlth
23-25 St Augustine's Stree( Nor*ith
24 St Andrev/s Hill. Norwith
The Briton's Arn)s. Elm Hill, NorvAch
Augustine Steward House. 14. T(mbland. N¢ywlth
In October 2020 the Trust took out a 5ix-year Government supported Bthjnte Bad( Loan from the Co-operative
Bank of £16,175. The loan is interest free for the first 12 months and then at 2.5%.
Investment Pollcv
The company can invest moneys not Immedlatety required for its immediate purposes in or upon such
investments, securities or property as may be thought fit subject to ctfflditions or consents as may for the time
being be imposed or required by law. The order of moneys held in an interest earni￿ bank deposit account is
currently £167.571.
Reseryes Policy
The company has rwliewed its past Tequirements and based on that review has adopted a policy to aim to hold
in the order of one quarterfs ijperatinE costs. currently around £8,450. as a reserve to cover those periods when
there are no active projects providing income over and above its rental income. Current unrestricted funds are
£961,492 of whlch £130.892 is regarded as free reserves after allowingfor funds tied up In Investment properties.
Free reserves are committed to maintainin8 the Investment properties and towards future property restoratlon
projects. Restrlcted funds amount to £7.426.

NORWICH PRESERVATION TRUST
UMITED BY GUARANTEE
REPORT OF THE TRUSTEES (continued)
YEAR ENDED 31 MARCH 2025
Plans lor Future Perlods
The future of the Trust as a revolvin8 fund Lwildl￿ preservation trust is always focused on finding funding and
properties in need of repair and refurbishment. This is expected to be more certain with the likelihood of a
P051tive outcome to the current discussions whereby the Trust tske ownership of some NO￿lCh aty
Countil properties in need of repair and refurts'shmenl.
Ilesponslbllllles of the Tntstees
The Trustees Iwho are also dirertors of NcY¥•ith Preservation Twst LinNted forthe purposes of ¢ompany lawl are
responsible for preparing the Trustees. Report and the financial ststements in accordance with applicable law
and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law
the Trustees must not approve the financial statements unless they a￿ satisfied that they give a true and fair
vlew of the state of affairs of the charltable company and of the incoming resources and application of resources,
including the income and expenditure. of the charltable company for that period. In preparing these financial
statements, the Trustees are required to:
select suitsble accounting poliaes and then apply them cons•stendv:
obserye the methods and principles in the Charities SORP:
make judgments and accountin8 estlmates that are reasonable and prudent:
state whether applicable UK Accountlr4 Standards have been followed, wblect to any materlal
departures disdosed and explained in the flnancial statements:
prepare the financial ststements on the golng concem basis unkn it is inappropriate to presume that the
charitable company wlll contlnue In operall(m.
The Trustees are responsible for keeping adequate accounting rec¢yds that are sufficient to show and explaln the
charitsble companrfs transartions and dlsdose wlth reasonable accurary at any time the financlal position of the
charitable company and enable them to ensure that the financial statements comply with the Companles Act
2006. They a￿ also responsible for saleguèrding the assets of the charitable company and hence for taking
reasonable steps for the prevention and detertlm of frnud and other Irregularitles.
In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by
Section 415A of the Companies Act 2CQ6.
Approved by the trusteesldirectOf5 on _
.. and signed on their behalf by:
Stephe
John Earl MBE Trustee

INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2015
Independent examknerfs reportto the Trust¢es of Morw6th ￿e$¢That10Th Tntst Umlled {the'comp￿v)
I report to the charity trusteeg on my examlnaifjon of the accounts ofthe company for the year ended 31
March 2025 ¥thlth are set out on pages 7 to 19.
Responslbllltles and basls of reiM*t
As the charity trustees of the company land also its dirertors for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance ¥￿th the requirements of the Companies Act
2(K)61'the 2CKJ6 ACVI.
Having satlsfied myself that the accounts ot the cornpany are not required to be audited under Part 16 of the
2tK)6 Act and are eligible independent examination. I report in respect of my examination of your
comp3nWs accounts as carried out under section 145 01 the (harities Act 20111.the 2011 Arfl. In carryin8
out my examlnatlon I have follo￿d the tMrectl¢)ns glven by the Chanty Commission under section 14515}{bl
of the 2011 Act.
I have completed my examination. I confirm that no matters have come to my attention in connection with
the examination giving me cause to believe-.
accountlng records were not kept in respert ol the company as req￿red by section 386 of the 2(￿ A¢. OT
2. the accounts do not accord with those records; or
3. the accounts do not comply wrth the auounting requlrements of Settl￿ 3% of the 2{￿ Act other than any
requirement that the accounts give a'true and fair vie¥/ whith is nrt a matter U￿sIdered as part of an
independent examination- or
4. the accounts have not been wepared in acc￿danCe the meth(MJs and prlnclples of the Statement of
Recommended Practlce for accounting and rep￿n8 by chaKiknes atplioble to charlties preparing their
accounts In accordance with the Financial RepLYtln8 Standard applicable in the UK and Republic of Ireland
(FRS 1021.
I have no concerns and have come across no other matters in connertion with the examination to which
attention should be drawn in this report in ordel to enable a proper understandin8 of the accounts to be
reathed.
This report is made solely to the companrfs Trustees. as a body. in &¢ordan¢e with hrt 4 of the Charities
(Accounts and Reportsl Re8ulations 21J)8. My wcrt has been undertaken so that I might state to the
companvs Trustees those mattefs l am required to stste to them in an Independent examinerfs report and
for no other purpose. To the fullest extent pemiitted by law. I do not accept or assume responsiblllty to
anyone other than the company and the companvs T￿￿tee$ as a bryjy. for my work or for this report.
((
Giles Kerkham FCA DChA
Larking Gowen LLP
I" Floor, Prospect House
Rouen Road
Norwlth
NRI IRE
Date

NORWICH PRESERVATION TRUST
UMITED BY GUARANTEE
STATEMENT OF FINANCIAL Acmi
IINaUDING INC(A4E ANO EXPEIIDITURf ACCOUMn
FOR THE YEAR ENDED 31 MAROI IIJ15
2024
Total
fun(ts
Totsl
nds
Income from:
Grants and donations
Investments
750
2,146
117.116
2,146
117.116
1,408
91.267
Rentals
Total Income
119261
119262
93.425
EXpendI￿re on:
Charitsble artivit￿S
40977
40J77
73,085
Totsl eXpendI￿re
40.977
40.977
73.085
Net Incomlnc resourus before
transfers
78285
nJ85
20.340
Transfers between fvnds
Net Incomlna resources belore
other re¢o8nlsed 8alns •nd1055es
78285
78,285
20,340
Revaluation110ss}1 surplus on
investment propertv
io
11,880)
Nel movement In funds
76M05
23.140
Recondllatlon of funds
Total funds brought fop*ard
Net movement in funds
7A26
885,087
76A05
892,513
76,405
869,373
23,140
Total fvnds carried fonvard
14,15
7A26
%IA92
968,918
892.513
The statement of Financial Activities includes all galns arrfl los￿ in theyear. All Incomlng resources and
resources expended derfve frLKn continuing attlw"tles.

NORWICH PRESERVATION TRUST
UMITED BY GUARANTEE
BALANCE SHEET AS AT 31 MARCH 2025
COMPANY IIEGISTRAYION NUMBER- 169736
2024
Flxed assets
Investment Property
io
830,6(
832,480
Current assets
Work In pro8ress
Debtors
Cash at bank and In hand
li
12
69,472
13.869
169,282
63,619
25,884
86.582
176.085
Credltors
Amounts falling due withln one year
85W5
67.454
Net (urrent assets l (Ilablliies)
164778
108.631
Total assets less awrent liabihties
997378
941,111
Credltors
Amounts falling due after one year
28,460
48,598
Ilet assets
968,918
892.513
Charlty Funds
Restrlcted fund
Unrestrirted Funds
7,426
88S,087
961A92
Y¢)tal funds
892,513
The companvs financial ststements have been prepared in accordance with the provisions applicable to ccmpanies
subject to the small companles, reeime.
The Trustees consider that the c(knpany is entitled to exempti￿ from the requirement to ha%r an audit under the
provisions of section 477 of the Companies Art 2(￿ I'the Act'l and members not required the company to
obtain an audit for the ￿ar in Westi￿ in accord￿ce ￿1th Sect￿ 476 ofthe ACL
TheTfustees ackvw)*4ed8ethwr resp￿￿llY11tie$l￿ the requirunents ofthe Componie5Act 2006 with
respect to accounting reccffds and the prepar*•cm of financial ststement&
The flnanclal statements were approved and authorlsed for issue by the board and were signed on its behalf on
Ig ￿0V 2S.
Stephen John Earl MBE Trustee
rustee
The notes on page 9 to 19 forrn part of the financlal llatements.

NORWICH PRESERVATION TRusr
UMITED BY GUARANTEE
NOTES FORMING PART OF THE FINANCIAL STATEMENT5
YEAII ENDEO 31 MARCH 2025
ACCOUPITING pouaES
8asls ot accounth
The financial ststements have been wepared In attordance with Accountin8 and Reporting by Charities..
Statement of Recommended Prattice applicable to charities preparing thelr accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I
January 20191- (Charities SORP IFRS 10211, the Flnantial Rewting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companies Art 2006.
Nonwich Presepdation Trust Limited meets the definttion ol a public benefft entity under FRS 102.
The financial ststements are wepared ￿ the 80ing concern basi5. Assets and lialx'lities are initiallv
rrfognised at historical cost or tran￿ctIOn value unless otherwise stated in the relevant accountin8
poliry.
The finanaal statements are wesented in Sterlin& which is the funrtional currenry of the company, and
rounded to the nearest kx¥und.
(b)
Goln8 concÈrn
Trustees have reviewed the Trusys cashflow forecasts for the t¥A) years followln8 the date of this report
and in the5r opinion. there are no uncertainties regarding the Twsys ability to continue as a goin8
concern. Accordingly. the financial ststements have been prepared on a 8oin8 concern basis.
The company is a CLynpany limited by 8uarantee. The members of the company are the Trustees named
on page l. In the event of the company being wound up. the liability in respect of the 8uarantee is limited
to £10 per member of the company. The regist￿ed office is 63 Colegate. Norwlch. Norfolk. NR3 3AS.
Fund accountlni
Unrestricted funds are ardilable for use at the discretron of the Trustees in furtherance of the
8eneral objectives of the charity. Unfestrirted funds i￿lUde a revaluation reserve representin8
the restatement of investment properties at fflarket Va￿5.
Restrirted funds are subjetted to restrlctions their expenditure Imposed by the donor or
through the terms of an appeal.
Investment income, gains and losses are allocated to the approprlate fund.

NORWICH PRESERVATION TRusr
LIMITED BY GUARANTEE
NOTES FORM*dG PART OF THE FINANCIAL STATEMENIS
YEAR ENDED 31 MARCH 2025
le) Incomlnz rnour
All Sncomin8 resour￿ are included in the Statement of Financial AttiNryties when the charity is entltled to
the income and it is probable that the income will be received and the amount of income receivable can
be measured reliably. The followin8 specific policies are applied to particular categories of income..
Donations are received by way of grants, donations and gifts and is included in full in the
Statement of Financial Activities when recei¥able. donors specify that donations and
8rantS given to the charity must be used in future accounting periods. the incorne is deferred until
those periods.
when donors specify that donations and grants are particular restricted purposes, which do
not amount to pre-conditions regardin6 entitlemen¢ thts income is induded in •Trcomin8
resources of restricted funds when receivable.
8rants recaved in respett of woperties been rec(enised as Incoming resources in the
Staternent of Financial Activities when the tharity earns the rieht to consideration by Its
perfomance.
Investment income is included when retelvable.
incoming resources including rental income from charitable artivities are accounted for when
earned.
annual rentals from operating leases are included in incoming resources the lease tems.
For legacies. entitlement istaken asthe eadier of the date on vthich elther: the company is aware
that probate has been granted. the estste has been finalised and notfficatlon has been made by
the executorls) to the Trust that a distribution will be made. or when a distribution is re￿iVed
from the estste. Receipt of a le8ary. In whole or in part is only considered probable when the
amount can be measured rellably and the company has been notified of the executorfs intention
to make a distribution. Where legades have been notified to the company. or the company is
aware of the granting of probate. ar￿ the criteria for income recognitlon have not been met. then
the legacy is treated as a contingent asset and disdosed if material.
(n
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure include5 any VAT
which cannot be fully recovered. and is reported as part of the expenditure to whlth it relates:
costs of genefating funds comprise the costs associated with attracting voluntsry income;
haritable expenditure cornprisesthose costs incurred bythe tharity in the delivery of its activities
and services for its benefiuaries. It indudes both costs that can be allocated directly to such
activities and those costs of an indirect nature necessary to support them:
governante costs indude those tosts associated with meeting the tonstitutlonal and statutory
requirements of the charity and include the audit fees and costs linked to the strategic
mana8ement of the charrty;
all costs are allocated between the expenditure categories of the Statement of Financial Activities
on a basis designed to reflect the use of the resource. Costs relating to a particular activity are
allocated directly, others are apportioned on an approprtate basisfor instance by estlmated usage
as set out in note 5.
10-

NORWICH PRESERVATION TRusr
UMITED BY GUARANTEE
P40TES FORMVIG PART OF THE FINANCIAL STATEMEpfrs
YEAII ENDED ai MARCH 2025
(8)
Investment Prwty
Properties acquired or held for Tent31 purposes are capitslised as investment properties. Investment
properties are initially capitalised at their purchase cost. together V&ith any incidental costs of acquisition.
They are then revalued with suffKient regularity to ensure the tarrying amount does not differ materially
from that which W(￿Id be detemlined usin8 fair value at the baarKe sheet date. Properties acquired or
held for immediate resale are dasSif￿ as work in progre5S.
Fair values are detemiined by a wofessional qualified surveyorfrom market-based evidence.
The Companies Act requires that properties are deprecièted. This requirement is not complied with, as
the Properties are held for in¥estment purposes and the Trustees consider that systematic annual
depretiation would be inappropriate. The accounting policy adopted is therefore necessary for the
accounts to give a true and falr view.
Work in wogress
Expenditure incurred on properties which the company does not intend to hold following com￿et10n of
preservation work. and expenditure on preservation schernes in pro8￿* is treated as a current asset
and classified as work in progress.
Work In progress is stated al the lower of cost and net realisable value. Cost includes interest on lunds
specifically taken out to finance preservation Schemes. Where necessary. prthision is made against any
anticipated future losses arising on the completion of preservat￿)n Wofk in progress.
Grants received in respect of the propertles wlthln work in prOgr￿s are recognised wlthln the Statement
of Financial ActÉvities.
Where a long lease on a property Is 8ranted to the charity. this ￿ Induded withln work In progress at the
estimated value of the lease.
Sto(k
Sto(* is ststed at the lower of cost and net realisable value.
Interest caimtalised
Interest incurred on borrowingsto finance 5peiific project development is capitslised net of any tax relief.
Ik)
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the arnount prepaid net of any trade discounts due.
Cash at hand aftd in bank
Cash at bank and in hand includes cash and short tem) highfy liwid inve5trnents wtth a Short maturlty
of three months or less from the date of acquSsltlon or openlng of the deposit or similar account.

NORWICH PRESERVATION TRusr
UMITED BY GUARANTEE
NOTES FORMING PART OF THE FINANCIAL STATEME14TS Icontlnuedl
YEAR ENDED 31 MARCH 2025
Llabllltles and ￿￿510￿5
Liabilities are recognised when there Is an obllgation at the balance sheet date as a result of a past event,
it is probable that a transfer of econ(wnic benefit will be required in settlemenL and the amount of the
settlement can be estimated reliably. Liabilities are recognised at the amount the company anticipates it
will pay to Settle the debt or the amount it has received as advance payrnent for the goods or seNces it
must provide.
Flnandal Instruments
The company only has finanaal instruments and financial lialylikn.es of a kind that qualify as basic financial
instruments. 8asic financial instruments are initially recognised at transartion value and subsequentty
measured at their settlement value with the exception of bank loans which are subwuently measured
at amortlsed cost Using the effetti¥e interest meth￿.
(o) Opeiathw kases
Rental incorne and expenditure under operating leases are l)ou8ht into the Statement of financial
activities incorporating income and expenditure account on a straight.line basis over the lease term.
Income from donatlons and legacles
Total
Funds
2024
Funds
Funds
202S
Funds
1025
Grants & donations
750
Totsl donatlons and legades
750
Total 2024
750
750
IKome from d￿fftatsle acthrftles
Unrestrlrted
Funds
2025
Total
Funds
2024
Funds
2025
Funds
2025
Rental Income
Settlement from forn)er tenant
97.116
97,116
20,￿)0 201
91.267
Totsl Income from th*ftable artlvltles
117.116
117.116
91.267
Totsl 2024
91.267
91,267
12

NORWICH PRESERVATION TRusr
UMrrED BY GUARAKfEE
NOTES FORMING PART OF THE ANANCIAL ￿ATEME￿r5
YEAR E140ED 31 MARCH 2025
Restrfrted
Funds
2025
Unrestrlcted
Funds
2025
Total
Fynd5
2025
Total
Funds
2024
Interest on bank deposits
2.146
2.146 1.408
2,146
2,146
1,408
Total 2024
1.408
1.408
Anatysls of expendlture
2024
Total
Totsl inclxne Property
ance
to artivitles
Loan Interest
Direct
IW 1,194
1,194
Property maSntenance
Management & lettlng
fees
Retèiners & employee
costs
Preparation of accounts
& Independent
Examiner's fees
Direct
ia6 12.220
12,220
Direct
L054 13.
13,906
Usage
10209
14215 24A24 22,409
15,705 38,114
Dirert
SA06 5AQ6
5,471 5,471
Support costs alocated
to artlvltles
General office costs
2,073 2,073
2.180 2.180
Total resources
expended
19283
21.694 40,977 49,729
23,356 73,085
Retainers and employee costs are ststed net of £23.28612024: £2.3571 received in insurance payments
towards an employee on long-tefm sKk leave.
Unrestricted funds expended £40.977 in 2025 and E72.125 in 2024.
13

NORWICH PRESERVATION TRUST
UMITED BY GUARANTEE
140TES FQRMING PART OF THE F114ANCIALSTATEAW4TS (conlinuedl
YEAR ENDED 31 MARCH 2025
Summary by lund type
Total
Funds
2024
nds
2025
Funds
2025
Funds
2025
Rental incorne
Governance
Property
19.283
21,694
19.283
21.694
49,729
23.356
Total expendltstre on tharftable actmtles
40,977 40,977
73,085
Total 2024
750
72.335
73.085
Trustee remuneratlon
The trustees were not pald or reimbursed for expenses durln8 the year.
During the year the company had l empl(ryees (2024: 21.
Staff Costs
Staff costs are as follows
2024
Wages salaries
Sc¢ial security costs
Pension costs
Z7J64
24.686
481
547
Total staff costs
25.233
Redundancy payments of £18.187 (induding payments in lieu of notice. ststutory redundancy and
compensation) were made to one employee In 202512024. None). WhKh has been ret4mised wthin staff
costs in the year.
No employee received remuneration yeater than £60.(KK) in eitheryear.
Independent Examlnerfs r￿n￿￿allOn
The Independent Examinerfs remuneration arnounts to £2.62012024- £2.5201.
14

NORWICH PRESERVATION TRusr
UMITED BY GUARANTEE
NOTES FORMING PART OF THE FINANCIAL STATEAWITS {fqmtknu¢d)
YEAR ENDED 31 MARCH X125
Taxallon
No provision is made for taxati(￿ as the company is a charity entitled to the wdri(ws exemptlons
afforded by the Corporation Tax Act 2010.
leasehold land
and I￿lIding$
FTeelKbld land
and buildings
Total
At valuation as at 31 March 2024
Additions in year
Revaluation
179.980
832,480
12.880)
11.8801
Total at 31 Maych 2025
6535LN)
177.1
830,6(KI
The properties are all investment properties and are held for dirert tharitable purFK6es.
The properties were irKJependently re¥alued by an Arnokk Key5 LLP as at 31 M¥ch 2025 based on
estimated open market Values.
On the hlstorlcal cost basis, the in*stment prrffjertles would h￿e L￿1 Ind￿led at a cost (rf
£1,209.66612024 £12Tr3.666}.
11 Work kn wogress
2025
Work in prLwess l April 2024
63,619
Expenditure in year
2&30 Elm Hill proiect
Ninham's Court project
Wrighys Court project
4,904
262
Work in progress at 31 March 2025
69,472
12
Debtors
202S
2024
Trade debtors
Prepayments and accrued inc(Yne
Other debtors
4m3
5J04
4,752
6.260
l(K)
19.524
15

NORWICH PRESERVATION TRUST
UMITED BY GUARANTEE
NOTES FORMWG PART OF THE FINA14CIAL STAYEkWS
YEAR ENOf D 31 MARCH 2025
2024
la) am¢)unts fallirvd due within one ye
Trade (Teditors
Short term loans {note 131bl)
Accruèls and deferred income
Value Added Tax
Other creditOf5
10,022
19,408
12,919
1,610
23.495
20,145
13,957
4,792
43,101
85Y5
67.454
Ibl short term loans are made up as fdlow5:
2% Bounce Back Loan Icwierative Bank)
4% loan from Norwith City Coundl
3349
IA796
3,267
16.141
20J45
19.4r
Icl amounts falling due after more one year
2% Boun￿ Back Loan ICIN)peralive Bank)
4% loan from Norwbch City ((￿ncIl
5,342
43.256
48.598
Induded within credit￿5 abrNe are amounts repayable by
instalments falling due as follows;
20,145
28,453
Between two and five years
After more than five years
48,598
The Norwch City Council loans are secured with a charge over five properties. 63 Colegate. 23-25 St Augustine's
Street, 2-4 St Andrev/s Hill, The Briton's Arms. Elm Hill and AU8L￿tIne Steward House. Tombland.
The Co-operative Bank Bounce Back Loan Is unsecuied.
16.

NORWICH PRESERVATION TRUST
UMrrED BY GUARANTEE
t40TES FORMING PART OF THE FINANCIAL sfATEMENf5 lcontlnu￿j
YEAR ENDED 31 MARCH 2025
14 StatemeTrt of funds-current year
Restrlrted fund5
At i Aprfl
IrKome Expend- Trans
between valuation
lunds
At31
March
2025
Donations
Grants
636
6,7
636
6,790
7A26
7A26
Unrestrirted funds
885.087 119262
140Jn)
961.492
Total funds
892.513
119262
{40,9n)
(im)
968,918
Statement of lund5- prioryear
Restrirted funds
At31
March
2024
2023
Iture between valuatlon
lunds
Donations
Grants
636
6,790
6.7
7A26
750
1750)
7,426
Unrestrlrted lunds
861Y7
92.675
172335)
885,087
Total fvnds
869373
(71335)
892.513
Donatlons
Donations were received from the Paul Bassham Trust in 2024 towards commissioning the historic
building report for 1-3 Wrighys Court. The Paul Bassham Trust cMtributed towards the cost of repairs
t 23125 St Augustine's Street in 2023. Past donations were recer¥ed from Norwich Town Close Estate
Charity and the Paul Bassham Charitable Trust to cover the costs of publishing the Trusys book"Giving
the Past a Future".
Grants
Grants were recewed in 2023 from the Archttectural Heritage Fund for the projert viability studv
undertaken at 6-9 Ninham's Court.
17-

NORWICH PRESERVATION TRusr
UMITED BY GUARANTEE
NOTES FOAMWG PART OF TH£ FINA14aAi STATEIW4TS l¢onllnued)
YEAR ENOED 31 MARCH 1025
Funds
2025
Total
2025
Fixed assets
Woth in progress
Debtors
Cash at bank and in hand
Creditors
8ao,600
62,682
13.869
830,61XI
63.619
13.869
169,282
1114,3051
1114,305)
7A26
961A92
968.918
alys15 of net assets between fwK15- prlor ye
Total
2024
2024
2024
Flxed assets
Work in pro8re55
Debtors
Cash at bank and In haml
Creditor5
5Q829
63,619
1116.052)
7J26
892,513
2025
2024
Transartions during the year.
Loan pri￿1PaI repayments
Interest payable
Rents payable
16.141
1136
s￿67
15,504
2,773
5,804
Creditor balance5 at the year end:
Outstanding loans
Rents payable
43,256
U120
59,396
5,478
Contracted payments under long tem lease
arrangements:
318.040
528,846
The payments under the long term lease arrangements are an erfimate of future rents until 2044 (for
some properties) based on the curTent annual rent.
The Council is represented by Coundllors as members of the Board of Tnjstees. Other transactions
related to business transactions that would nonnalty occur bet*pen a local authm and a business
entlty.
18-

NORWICH PRESERVATION TRUSr
UMITED BY GUARANTEE
140TES FOftMWIG PART OFTHE FINANCIAL STATEMEiifs {c(*lknuedl
YEAR ENDED 31 MARCH 2015
17
Contingenl Assel
During the year. the charity has recelved settlement from a fornier tenant for a property prevlously
vacated amounting to £20,0￿. Th15 was not included in incomefor 2024 as It was still in ne8Otiation at
the year end and therefore uncertain.
The company eams rental income by leasing its propertles to tenants under non-cancellable operating
leases. At 31 March 2025 the company had contracted tenants to receive the future minimum
lease payments:
2024
Wlthin one year
74,616
Between (￿e fve years
114.706
More than five years
45B291
577595
652,211
19
Operntln8 lease expeThllture arraiweff*
At 31 Marth 2025 the c￿￿panY had contracted ￿1th landbonls to pay the future minlmum lease
payments:
2024
Within one year
5A67
6.782
Between and fve years
29.843
More than five yew5
492,221
318AMO
528,846
19

r4(XlWlCH PRESERVATION TRiisr
UMtrED BY GUARANTEE
SUPPLEMENTARY NOTE TO THE RNANaALsfATEMEPITS
YEAR ENDED 31 MARCH 2025
l. Inmn* and Expenthiure Accwnt for the year ended 31 Marth 2025
202S
2024
Rental Income
Rack rentals
23125 St Augustines Street
24 St Andre￿$ Hill
Augustine Steward House
Briton's Amls
Ground Rentals
7.966
50.415
22500
2JOI
49,5CKI
22,5(K)
2.301
97.116
91,267
Property EXpendI￿re
Rents payable
Repairs and maintenance
Utility senjices
External management and legal fees
Provision for bad debts
Property insurances
s￿67
1.947
4.(K)I
1.023
13.9)6
{1.2661
1.392
P.1901
126.1261
Net Rental Incom•
89,926
65,141
Grants & DoTratlons
Property compensalSon pawnent
Interest recelvable
750
2.148
1,408
Total Income
112.072
67.299
Overhead expendllure
Off ice running costs
Retainers and employment costs
General expenses
Annual accounts preparntion & examination
General loan interest
Other professional fees
1.581
24.424
492
2.798
1,852
38.114
328
3.441
1,194
2,030
TO￿￿ overhead exptndkture
133.7871
146.9591
78285
20.340
Unreallsed profit I Ilossl ￿ property revaluation
Prollt for the financlal
23,140
Thls pa8e Is not sublect to the Independent Examlnerfs retKfft

I41￿1W1CH PRESERVATION TRUST UMITED BY GUARANTEE
SUPPLEMENTARY NOTE TO THE RNANaAL STATEMEP4TS
YEAR ENDED 31 MARCH 2025
2 Analy51s of tan￿b￿ flxed assets and work In prouess
Value at Addlil(K
l Aprfl
Impalr- Dlsposals
Revalu-
Value at
atlon 31 March
202S
Flxed assets
Edmund Wood House
Muspole Street
Queen Anne Yard
57 St Augustines Street &
14 Stonemasons Court
23125 St Augustines Steet &
1-3 Barne5 Yard
Dixon's Court
24 St Andrews Hill
31-37 Church Lane. Eaton
Augustine Steward House
1371143 Magdalen Street
Briton's Arms
16 Elm Hill
Gybson's Conduit
3,900
7,650
24.300
7.6SO
27,(XM
12.7fKI)
l(KJ
129,650
4250
4.250
5.0(KI 105.000
57,0
114.0001
43,(100
850
15.7201
Total flxed assets
832A80
830,600
Work In progress
26-30 Elm Hill
6-9 Nlnham's Court
1-3 Wri8hYs Court
29.538
31.567
1514
30.225
36,471
2.776
262
Total work In progress
63.619
s￿53
69.472
Totsl assets
896J)99 s￿53
.072
Thls page Is not subject to the Independent Examinerfs rek
21

NORWICH PRESERVATIOII TRUST UMITEO BY GUARANTEE
SUPPLEMENTARY NOTE TO THE HNANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
3 Analy515 ol expendltyre on 2&30 Elm Hlll Projert
Value •t Mo¥emeht
i Aprfl
In year
2024
Value at
JI Marth
2025
Expendlture
Cost of building and building works
Professional fee5 and expenses
Other costs including planning and building regulatlon fees
NPT overheads and interest allocated
18.232
757
10.$49
18,232
757
11,236
Total work In proBres5
29.538
30,225
4 Anatysls of expendltrre on &9 Nlnham's C￿rt Pr*rt
Value at Movement
i Aprfl
year
2024
Value at
31 March
2025
Expenditure
Cost of building and building wo
Professional fees and expenses
other costs including ￿annIng and building regulation fees
NPT overheads and Interest all(￿lted
12.976
611
17.980
12,976
638
22,857
27
Total woik In woyess
31￿67
36.471
Hlstork bulld1￿ gr•nts and dffiatk
16.7901
16,7901
5 Analy515 ol expendllure on 1.3 Wrfghvs C￿rt PrO￿rt
Value at Movement
In year
Value at
31 Marth
2025
2024
Expendltvre
Cost of build•n8 and buildin8 works
Professional fees and expenses
Other tosts including planning and building regulation fees
NPT overheads and interest allocated
750
Is
1.749
750
29
1.997
14
Total work In progress
2514
262
2,776
Hlstork buildin8 8rants and donati￿5
50)
(7501
This paBe is not subjert to the Independent Emamifterfs reiyxt
-22-