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|||Page|
|---|---|---|
|Reference and administrative
details ofthe Company,|its Trustees and advisers||
|Trustees'
report||2-7|
|Independent
examiner's
report|||
|Statement offinancial activities|||
|Balance sheet||10|
|Notes to the financial statements||11-25|
##
|Trustees|||||||||
|---|---|---|---|---|---|---|---|---|
||||||Mr O. Chinn
2||||
||||||Mr D. Fullman
(resigned 31January 2023)||||
||||||Mr A. Giles (appointed|1 November 2022)"|||
||||||Ms F.M. Godden (resigned 29 November|||2022)|
||||||Ms M. Gooch (resigned 29 November
Ms S.K.Gore, Chair ""||2022)||
||||||Dr. N. Groves (resigned 30January 2023)||||
||||||Mrs F.E.Hartley
4||||
||||||Mr S.Heywood||||
||||||Mr P. Hunt
(resigned|29 November2022)|||
||||||Mr G. Ishmael
4
Mr C. McCarthy, Vice|Chair (appointed||26 April 2022)'"|
||||||Mr A.G. Munro
4||||
||||||Ms C.A. Oliver 4||||
||||||MsJ.Roy, Treasurer|"4|||
||||||Miss SF KTwyford||||
|Committees:|' Finance|||a Property|management
and Heritage|sHesith and Safety||s Fundraising|
|Company|registered||number||01134684||||
|Charity registered||number|||266686||||
|Registered|office||||St Martin At Palace Church||||
||||||St. Martin
At Palace Plain,||||
||||||Norwich,||||
||||||Norfolk, NR3 1RW||||
|Company secretary|||||Ms SC Martins||||
|Accountants|||||Larking Gowen LLP||||
||||||Chartered
Accountants||||
||||||King Street House||||
||||||15Upper King Street||||
||||||Norwich
NR3 1RB||||
|Bankers|||||Barclays Bank Pic||||
||||||Norwich||||
||||||Norfolk NR1 3QH||||
|Solicitors|||||Birketts LLP||||
||||||Kingfisher
House||||
||||||1 Guilders Way||||
||||||Norwich||||
||||||Norfolk NR3 1UB||||
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|||||Restricted|Unrestricted|Total|Total||
|---|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds||
|||||2023|2023|2023|2022||
||||Note|6|E|6|||
|Income from:|||||||||
|Donations
and|legacies||||6,819|6,819|5,261||
|Charitable
activities||||175,216|211,330|386,546|947,466||
|Investments|||||1,675|1,675||59|
|Other income|||||37,260|37,260|30,665||
|Total income||||~175216|~257 084|~432 300|983|474|
|Expenditure
on|||||||||
|Charitable
Activities||||548,875|237,451|786,326|541,615||
|Total Expenditure||||~548 875|~237451|~786326|541|616|
|Net (expenditure)l||income||(373,659)|19,633|(354,026)|441,856||
|Transfers
between||funds|15|4,226|(4,226)||||
|Net movement|in funds|||369433|15407|354026|441|856|
|Reconciliation|offunds||||||||
|Total funds
brought||forward||544,443|129,788|674,231|232,375||
|Net movement|in funds|||(369,433)|15,407|(354,026)|441,556||
|Total funds carried forward||||~175010|~145195|~320205|674|231|
##
##
||||BALANCE SHEET|BALANCE SHEET||||
|---|---|---|---|---|---|---|---|
||||AS AT|31 INARCH 2023||||
||||||2023||2022|
||||Note|||||
|Fixed assets||||||||
|Tangible assets|||12||1,419||736|
|Current assets||||||||
|Debtors|||13|71,077||299,416||
|Cash at bank|and in hand|||410,026||470,326||
|Total current|assets|||~481 103||769 742||
|Creditors: amounts||falling due within|14|(162,317)||(96,247)||
|one year||||||||
|Net current|assets||||318,786||673,495|
|Total Net Assets|||||320205||674 231|
|Charity funds||||||||
|Restricted funds|||15||175,010||544,443|
|Unrestricted|funds||15||145,195||129,788|
|Total funds|||||~320 205||674 231|
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|4.
Incom|e from charitable|activ|ities||||
|---|---|---|---|---|---|---|
|||||Restricted|Unrestricted|Total|
|||||funds|funds|funds|
|||||2023|2023|2023|
|||||6|E|6|
|Rent receivable|||||201,085|201,085|
|Church|studies||||497|497|
|Grants|received|||114,500||114,500|
|Listed|places ofworship|grant|income|59,984|634|60,618|
|Other incoming resources||||732|9,114|9,846|
|Total income from charitable|||activities|~175216|2~11 330|~386546|
|||||Restricted|Unrestricted|Total|
|||||funds|funds|funds|
|||||2022|2022f|2022|
|Rent receivable|||||170,828|170,828|
|Church|studies||||||
|Grants|received|||T15,862|17,907|733,769|
|Listed|places ofworship|grantincome||27,243|10,901|38,144|
|Other incoming resources|||||4,745|4,745|
|Totalincome||||743 105|204381|947486|
|5.Investment|income||||||
|||||Unrestricted|Total|Total|
|||||funds|funds|funds|
|||||2023|2023|2022|
||||||F||
|Interest received||||~1675|~1675|59|
|Total 2022|||||||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023
6|2023f|2022f|
|Insurances|recharged|37,260|37,280|29,898|
|Events||||770|
|Total incoming resources||~37260|~37260|30668|
|Total 2022||30,668|30,668||
##
|Summary|by fu|nd type||||
|---|---|---|---|---|---|
||||Restricted|Unrestricted|Total|
||||funds|funds|funds|
||||2023|2023|2023|
||||6|8|6|
|Insurance||||43,458|43,458|
|Maintenance|||548,875|83,118|631,993|
|St Martin at|Palace|(utilities)||2,954|2,954|
|Wages and salaries||||82,232|82,232|
|Administration||||14,916|14,916|
|Legal and professional||||3,386|3,386|
|Marketing||||475|475|
|Depreciation||||1,224|1,224|
|Bad debts||||1,850|1,850|
|Independent|examiners fee|||3,838|3,838|
|Total expenditure||by fund type|548875|237451|786326|
##
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||||||Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2022f|2022f|2022|
|insurance||||||36,836|36,835|
|Maintenance|||||307,853|82,450|390,303|
|St Martin at Palace||||||3,374|3,374|
|Wages and salaries||||||70,874|70,874|
|Administration|||||821|11,221|12,042|
|Legal and professional||||||17,617|17,817|
|Marketing||||||5,304|5,304|
|Depreciation||||||1,550|1,550|
|Governance|costs|||||3,718|3,718|
|Total expenditure||by fund type|||308874|232944|541618|
|.Analysis ofexpenditure||||by activity||||
||||||Activity|||
||||||undertaken|Support|Total|
||||||directly|cost|funds|
||||||2023|2023|2023|
||||||6|6|6|
|Insurance|||||43,458||43,458|
|Maintenance|||||631,993||631,993|
|St Martin at Palace|||||2,954||2,954|
|Wages and salaries|||*||38,289|45,963|82,232|
|Administration||||||14,916|14,916|
|Legal and professional||||||3,386|3,386|
|Marketing||||||475|475|
|Depreciation||||||1,224|1,224|
|Bad debts|||||1,850||1,850|
|Independent|examiners fee|||||3,838|3,838|
|Total expenditure|||by activity||~716524|~69802|~786326|
##
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|8.Analysis ofexpenditure|8.Analysis ofexpenditure|8.Analysis ofexpenditure|by activity|by activity|(continued)|(continued)|prior year|prior year||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Activity|||
||||||||||undertaken|Support|Total|
||||||||||directly|cost|funds|
||||||||||2022|2022|2022f|
|Insurance|||||||||36,836||36,836|
|Maintenance|||||||||390,303||390,303|
|Sl Martin at Palace|||||||||3,374||3,374|
|Wages and salaries|||||||||32,253|38,621|70,874|
|Administration||||||||||12,042|12,042|
|Legal snd professional||||||||||17,617|17,617|
|Marketing||||||||||5,304|5,304|
|Depreciation||||||||||1,550|1,550|
|Independent
examiners fee||||||||||3,718|3,718|
|Total expenditure|by|acti vity|||||||462 766|78852|541 618|
|9.
Independent||examiner's||remuneration||||||||
|||||||||||2023|2022|
|||||||||||E|f|
|Fees payable||to the Company's|||independent||examiner|for the||||
|independent|examination|||ofthe|Company's||annual accounts|||||
|10. Staff Costs||||||||||||
|||||||||||2023|2022|
|||||||||||E|f|
|Wages and salaries||||||||||76,660|66,120|
|Social security costs||||||||||1,579|1,463|
|Pension costs||||||||||3,993|3,291|
|Total staff costs||||||||||82232|70874|
|The average
number||ofpersons||employed||by the|Company|during the|year was as|follows:||
|||||||||||2023|2022|
|Surveyor||||||||||1|1|
|Administration||||||||||3|2|
|Total||||||||||4|3|
##
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|During the year ended 31 March 2023, expenses
total
Trustee).
12.
Tangible Fixed Assets|ling 8108were reimbursed
to|1 Trustee (20|22 881 to|
|---|---|---|---|
||Fixtures|Computer|Total|
||and Fittings|and office||
|Cost or valuation||Equipmentf|8|
|At 1 April 2022|4,765|8,964|13,729|
|Additions||1,907|1,907|
|At 31 March 2023|~4765|~10871|~15636|
|Depreciation||||
|At 1 April 2022|4,400|8,593|12,993|
|Charge for the year|323|901|1,224|
|At 31 March 2023|~4723|~9494|~14217|
|Net book value||||
|At 31 March 2023||~1377|~1419|
|At 31March 2022|365|371|736|
|13.
Debtors||||
|||2023|2022|
|Due within one year||8|6|
|Trade debtors less bad debt provision||26,556|19,744|
|Prepayments
and accrued income||19,521|29,872|
|Grants receivable||25,000|250,000|
|Total Debtors||~71 077|299416|
##
|Statement offunds|—current year|—current year|—current year||||||
|---|---|---|---|---|---|---|---|---|
|||||Balance at|Income|Expenditure|Transfers|Balance at|
|||||1 April|||in/out|31 March|
|||||2022
6|8|6|E|2023
f|
|Unrestricted
funds|||||||||
|Designated
funds|||||||||
|General
unplanned|repairs|||50,000||||50,000|
|General funds||||79,788|257,084|(237,451)|(4,226)|95,195|
|Total unrestricted|funds|||129788|257 084|~237451|~4226|145195|
|Restricted funds|||||||||
|St Margaret's
development|||phase||(4,226)||4,226||
|St Margaret's
repair||phase||500,000|153,831|(503,856)||149,975|
|St Gregory's
repairs||||250||||250|
|St Michael Coslany|||||||||
|||||16,361|24,879|(37,741)||3,499|
|Paul Bassham Trust- Glass door||||699||||699|
|Jarrold's Trust - Flintwork|||repair|1,000||||1,000|
|Heavenly
Gardens||||18,347|732|(565)||18,514|
|The National
Lottery||Fund|Bid —Pre-|1,663|||(1,000)|663|
|Development
phase|||||||||
|Calthorpe
Memorial||Restoration||5,713||(6,713)|1,000||
|The Lady Hind Trust||||410||||410|
|Total restricted
Funds||||~544443|~175216|548875|4~226|~175010|
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|||Balance at|income|Expenditure|Transfers|Balance at|
|---|---|---|---|---|---|---|
|||1April|||infout|31March|
|||2021
E|f|f|6|2022|
|Unrestricted
funds|||||||
|Designated
funds|||||||
|General unplanned
repairs|||||50,000|50,000|
|Generalfunds||138,692|240,369|(232,944)|(66,329)|79,788|
|Total unrestricted
funds||138692|240 369|~232 944|~16329|129788|
|Restricted funds|||||||
|Historic England - St|Margaret's||||||
|development
phase||45,000|11,814|(71,973)|15,159||
|Historic England - St|Margaret's||||||
|repair phase|||500,000|||500,000|
|St Gregory's repairs||250||||250|
|Historic England - St|Michael||||||
|Coslany|||217,461|(201,100)||16,361|
|Historic England - St|John' s|1,408|||(1,408)||
|Paul Bassham
Trust —Glass door||699||||699|
|Jarrold's
Trust - Flintvvork repair||1,000||||1,000|
|Heavenly
Gardens||T,840|12,412|(1,905)||18,347|
|The National
Lottery|Fund Bid —Pre-|1,663||||1,663|
|Development
phase|||||||
|StJohn De Sepulchre|(Heritage at|29,700|1,418|(33,696)|2,578||
|risk project)|||||||
|Calthorpe
Memorial Restoration||5,713||||5,713|
|The Lady Hind Trust||410||||410|
|Total restricted funds||93683|743 105|308674|16329|544 443|
##
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|ummary of|funds —current|year|||||
|---|---|---|---|---|---|---|
|||Balance|Income|Expenditure|Transfers|Balance|
|||at|||In/out|at|
|||1 April||||31 March|
|||2022||||2023|
|||6||||6|
|Designated|funds|50,000||||50,000|
|General funds||79,788|257,084|(237,451)|(4,226)|as,&as|
|Restricted funds||544,443|175,216|(548,875)|4,226|175,010|
|Total funds||~674231|~432 300|786326||~320205|
|ummary
of|funds —prior year||||||
|---|---|---|---|---|---|---|
|||Balance at|Income|Expenditure|Transfers|Balance at|
|||1April|||infout|31March|
|||2021f||6||2022|
|Designated|funds||||50,000|50,000|
|General funds||136,692|240,369|(232,944)|(66,329)|79,786|
|Restricted|funds|93,663|743,105|(308,674)|16,329|544,443|
|Total funds||232375|963474|541618||674 23'I|
##
|7.Analysis ofnet assets between funds —cu|rrent year|||
|---|---|---|---|
||Restricted|Unrestricted|Total|
||funds|funds|funds|
||2023|2023|2023|
||6|6|6|
|Tangible fixed assets||1,419|1,419|
|Current assets|249,033|232,070|481,103|
|Creditors due within one year|(74,023)|(88,294)|(162,317)|
|Totalfunds|~175010|~145195|~320205|
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|7.Analysis ofnet assets between funds (conti|nued) —prior year|||
|---|---|---|---|
||Restricted|Unrestricted|Total|
||funds|funds|funds|
||2022|2022|2022f|
|Tangible
fixed assets||736|736|
|Current assets|561,472|208,270|769,742|
|Creditors due within one year|(17,029)|(79,218)|(96,247)|
|Total funds|544 443|129788|674 231|
##
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|At 31 March 2023 the company|had contracted|with|tenants|to receive|the future
minimum
lease|the future
minimum
lease|
|---|---|---|---|---|---|---|
|payments|||||||
||||||2023|2022|
|Within
1 year
Between
1 and 5years|||||143,867
277,250|197,950
239,515|
|After more than 5years|||||180,250|153,000|
|Total future lease payments|||||~601 367|5904S5|
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