**Charity number: 267670** ## **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **UNAUDITED** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2020** ## **NORFOLK ORNITHOLOGISTS ASSOCIATION** |**CONTENTS**|| |---|---| ||Page| |**Reference and administrative details of the charity, its trustees and advisers**|1| |**Trustees' report**|2 - 4| |**Independent examiner's report**|5| |**Statement of financial activities**|6| |**Balance sheet**|7| |**Notes to the financial statements**|8 - 17| ## **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **Trustees** Dr S P Newman Mr D Gamble Dr K J Fox Mrs J Barker Mr P J Bangs Mr M Rae Mr R Skeen Ms L Ferrer ## **Charity registered number** 267670 ## **Principal office** The Poplars, 37 Granville Road, Wigston, Leicestershire, LE18 1JQ ## **Accountants** Larking Gowen LLP, Summerhill House, 1 Sculthorpe Road, Fakenham, NR21 9HA Page 1 ## **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020** The Trustees present their annual report together with the financial statements of the charity for the 1 January 2020 to 31 December 2020. ## **Objectives and Activities** ## **a. Policies and objectives** The objects of the charity are to advance the study and science of ornithology by acting as the parent body to Holme Bird Observatory and help engage as far as possible the full time services of a warden for the observatory. ## **Achievements and performance** ## **a. Review of activities** In common with organisations everywhere, the Norfolk Ornithologists’ Association (NOA) was impacted significantly by the COVID pandemic in 2020. Fortunately, it was possible for our Wardens to continue working on our reserves during lockdowns, because each was able to work in isolation. The reserves were closed to visitors from late March to mid-July. Following Trustees’ meetings in both January and February, we felt unable to hold further face-to-face meetings for the remainder of the year. However, the Trustees continued to attend to NOA business via regular circulation of papers. The composition of the Council of Trustees remained unchanged during 2020, but we had one change to our staff, with Assistant Warden David Bratt leaving in February to be replaced by Emma Buck. The Assistant Warden’s post continues to be funded by the Goldcrest Charitable Trust. Sadly, all our usual events planned for summer 2020 had to be cancelled. Therefore moth days at Holme and Hempton Marsh could not be held, while participation in the Pensthorpe Bird and Wildlife Fair, and our popular Go Wild at Drove event planned for the Drove Orchards complex in early August, were also casualties of COVID. We explored various options for holding an AGM, but ultimately we opted simply to cancel it. Reports from Chairman and Treasurer were prepared and were made available to any member requesting them. During 2020, the Association produced its annual report for 2019. As usual, this contained a systematic list of bird species seen, together with articles about birds and other wildlife on NOA reserves. Our in-house team was responsible for production of the report, which was printed by a local firm based in Hunstanton. Quarterly Newsletters were also produced, and these were sent to members either electronically or by post. Following the receipt of a major bequest from a former member in 2019, we were delighted to be informed during 2020 of two further significant bequests. Interim payments have been made in the 2021 year from both of these bequests, with final distributions expected later in 2021 amounting to approximately £300,000 in total. No amounts are recognised for the bequests within these financial statements because the criteria for recognition was not met at 31 December 2020. These bequests are very welcome to the Association, as they provide us with security and flexibility in uncertain financial times. The NOA has been dependent in part upon receipt of agri-environment grants, and the form that these will take following Brexit is still uncertain. Income received from memberships, donations and agri-environment grants during 2020 was supplemented as usual by the proceeds of our Annual Grand Draw and of our 200 Club: draws for the 200 Club were made on a quarterly basis. Despite the pandemic, we were able to monitor birds and other wildlife not only at Holme Bird Observatory (HBO) throughout the year, but also at our reserves at Walsey Hills, Redwell Marsh and Hempton Marsh. We continued regular ringing at the Observatory and at a variety of other sites in north Norfolk. Although fewer than 1,800 birds were ringed at HBO in 2020, this was more than ameliorated by increased ringing effort at other sites where the NOA is active, resulting in an additional 3,500 birds being ringed. Page 2 **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2020** ## **Review of activities (continued)** While 2020 was a year of turmoil and uncertainty, our membership has remained loyal, and the work of our Wardens has been assisted by dedicated volunteers who have been able to help when COVID restrictions have permitted. Lockdown provided the opportunity to review historical bird records, and this led to the production of a book The Birds of Holme Bird Observatory 1962-2020, due for publication in summer 2021. ## **Financial review** ## **a. Going concern** After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. ## **b. Reserves policy** The attached accounts demonstrate in financial terms the activities of the Charity for the past year. As can be seen, the Charity has a deficit in the current year of £4,801 (2019: surplus of £275,050). The surplus in the prior year was due to a significant legacy receipt in that period. The Charity has unrestricted reserves of £290,584 (2019: £287,297) which can be used at the trustees' discretion in the furtherance of the Charity's objectives. There are designated reserves of £83,450 (2019: £83,450) which represent the cost of the property that was purchased using the Lottery grant of £38,000 and other properties purchased since 1973, excluding the costs of the Redwell land and swap fees. The restricted reserves balance is £nil (2019: £8,088), this represents unspent donations for the provision of a warden at Walsey Hills and donations for a Toyota Hilux net of depreciation. The Charity will initiate steps to look into the major risks faced by them and take any necessary action to mitigate these risks. ## **Structure, governance and management** ## **a. Constitution** Norfolk Ornithologists Association is registered with the Charity Commissioners (charity number 267670). It registered with effect from 23 August 1974 and is governed by its constitution. ## **b. Method of appointment or election of Trustees** The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. The NOA was founded in the 1960s to be the parent body to fund and administer Holme Bird Observatory, the only accredited bird observatory in Norfolk. The charity's constitution states that the business of the Association shall be governed by a council of not less than five or more than nine members, each of whom shall be a Trustee of the Association. Page 3 ## ## ## ## **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020** ## **Independent examiner's report to the Trustees of Norfolk Ornithologists Association (the 'charity')** I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2020. This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report. ## **Responsibilities and basis of report** As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Dated: 11 October 2021 Christopher Yeates FCA DChA **Larking Gowen LLP** Chartered Accountants Fakenham Page 5 ## **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** |**Note**
**Income and endowments**
**from:**
Donations and legacies
2
Charitable activities:
Activities for generating funds
3
Investments
4
**Total income and**
**endowments**
**Expenditure on:**
Costs of generating funds
5
Charitable activities
Governance
**Total expenditure**
**Net income / (expenditure)**
**before transfers**
Transfers between Funds
15
**Net income / (expenditure)**
**before other recognised**
**gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Designated**
**funds**
**2020**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**83,450**
**83,450**|**Restricted**
**funds**
**Unrestricted**
**funds**
**2020**
**£**
**2020**
**£**
**22,253**
**4,177**
**-**
**50,632**
**-**
**5,530**
**22,253**
**60,339**
**-**
**3,452**
**22,253**
**51,523**
**5,297**
**4,868**
**27,550**
**59,843**
**(5,297)**
**496**
**(2,791)**
**2,791**
**(8,088)**
**3,287**
**(8,088)**
**3,287**
**8,088**
**287,297**
**-**
**290,584**|**Total**
**funds**
**2020**
**£**
**26,430**
**50,632**
**5,530**
**82,592**
**3,452**
**73,776**
**10,165**
**87,393**
**(4,801)**
**-**
**(4,801)**
**(4,801)**
**378,835**
**374,034**|_Total_
_funds_
_2019_
_£_
_300,269_
_47,677_
_1,593_| |---|---|---|---|---| |||||_349,539_| |||||_3,431_
_60,666_
_10,392_| |||||_74,489_| |||||_275,050_
_-_| |||||_275,050_
_275,050_
_103,785_| |||||_378,835_| The notes on pages 8 to 17 form part of these financial statements. Page 6 NORFOLK ORNrrHOLOGISTS ASSOCIATION BALANCE SHEET AS AT 31 DECEMBER 2020 2020 2079 Flxfjd assets Tangibl8 assets Current assets stocks 11 91.540 12 13 245 11.072 291.703 06btors Cash al bank and In haid 6.828 297,220 304,293 3(X3.020 Creditor&' •M￿nts faling dua vkn or year 14 117328) (14725) Not ¢UTr•rrt a￿ets 287.06$ 28T.295 374.034 37&835 ChaDty Funds Designated funds Restricted funds U1￿$1n¢A0d fvnds 15 15 15 81450 8.088 287,297 T¢)tal funds 374.034 37&835 I signed on their behalf. by: Davld Gamb Tr¢a$ur¢r The nths (m pages 8 to 17 port ofthese finaMAal statement Page 7 **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **1. Accounting policies** ## **1.1 Basis of preparation of financial statements** The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011. Norfolk Ornithologists Association constitutes a public benefit entity as defined by FRS 102. ## **1.2 Going concern** The trustees have considered the charity’s position at the time of signing the financial statements, and in particular the current issues caused by Covid-19 and its potential impact on the charity and the wider economy. The trustees have considered the current financial strength of the charity. Based on this, the trustees have concluded that they have a reasonable expectation that the charity will have adequate resources to continue in operational existence for the foreseeable future, and at least twelve months from the date of signing these financial statements, they therefore continue to adopt the going concern basis of accounting in preparing these financial statements. ## **1.3 Income** All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Page 8 **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **1. Accounting policies (continued)** ## **1.4 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. ## **1.5 Tangible fixed assets and depreciation** A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities. Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Freehold property - Nil - Plant and machinery 25% Straight line Motor vehicles - 25% Straight line ## **1.6 Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank. ## **1.7 Stocks** Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. ## **1.8 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 9 **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **1. Accounting policies (continued)** ## **1.9 Cash at Bank and in hand** Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **1.10 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. ## **1.11 Financial instruments** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **1.12 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. ## **2. Income from donations and legacies** |Donations
Legacies
Total donations and legacies
_Total 2019_|**Designated**
**funds**
**2020**
**£**
**-**
**-**
**-**
_-_|**Restricted**
**funds**
**Unrestricted**
**funds**
**2020**
**£**
**2020**
**£**
**22,253**
**4,177**
**-**
**-**
**22,253**
**4,177**
_18,035_
_282,234_|**Total**
**funds**
**2020**
**£**
**26,430**
**-**
**26,430**
_300,269_|_Total_
_funds_
_2019_
_£_
_25,773_
_274,496_| |---|---|---|---|---| |||||| |||||| |||||_300,269_| |||||| Page 10 **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **3. Fundraising income** |Membership income
Permits
Sales (books, cards, videos,
etc)
Fundraising activities
Miscellaneous income
Basic Payment Scheme &
Higher Level Stewardship
Scheme
_Total 2019_
**Investment income**

Investment income
_Total 2019_
**Costs of raising funds**

Goods for resale
Fundraising costs
_Total 2019_|**Designated**
**funds**
**2020**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
_-_
**Designated**
**funds**
**2020**
**£**
**-**
_-_
**Designated**
**funds**
**2020**
**£**
**-**
**-**
**-**
_-_|**Restricted**
**funds**
**Unrestricted**
**funds**
**2020**
**£**
**2020**
**£**
**-**
**30,190**
**-**
**1,316**
**-**
**120**
**-**
**7,418**
**-**
**130**
**-**
**11,458**
**-**
**50,632**
_-_
_47,677_
**Restricted**
**funds**
**Unrestricted**
**funds**
**2020**
**£**
**2020**
**£**
**-**
**5,530**
_-_
_1,593_
**Restricted**
**funds**
**Unrestricted**
**funds**
**2020**
**£**
**2020**
**£**
**-**
**633**
**-**
**2,819**
**-**
**3,452**
_-_
_3,431_|**Total**
**funds**
**2020**
**£**
**30,190**
**1,316**
**120**
**7,418**
**130**
**11,458**
**50,632**
_47,677_
**Total**
**funds**
**2020**
**£**
**5,530**
_1,593_
**Total**
**funds**
**2020**
**£**
**633**
**2,819**
**3,452**
_3,431_|_Total_
_funds_
_2019_
_£_
_26,542_
_1,552_
_233_
_7,762_
_62_
_11,526_
_47,677_| |---|---|---|---|---| |||||_Total_
_funds_
_2019_
_£_
_1,593_| |||||_Total_
_funds_
_2019_
_£_
_686_
_2,745_
_3,431_| |||||| ## **4. Investment income** ## **5. Costs of raising funds** Page 11 **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **6. Charitable activities** |Wages
Water rates
Electricity
Travelling
Office stationery and printing
Postage and carriage
Telephone
Repairs and renewals
Site development - Hempton
Site development - Redwell
Site development - Observatory
Miscellaneous expenses
Rent
Site development - Walsey
Ringing costs
Website costs
Pension contributions
_Total 2019_|**Activities**
**£**
**50,984**
**97**
**2,033**
**2,374**
**4,449**
**2,334**
**995**
**4,466**
**65**
**288**
**671**
**1,520**
**240**
**134**
**1,823**
**257**
**1,046**
**73,776**
_60,666_|**Total**
**2020**
**£**
**50,984**
**97**
**2,033**
**2,374**
**4,449**
**2,334**
**995**
**4,466**
**65**
**288**
**671**
**1,520**
**240**
**134**
**1,823**
**257**
**1,046**
**73,776**
_60,666_|_Total_
_2019_
_£_
_45,702_
_60_
_2,194_
_2,247_
_3,204_
_1,304_
_739_
_514_
_75_
_-_
_1,210_
_1,328_
_240_
_-_
_954_
_159_
_736_
_60,666_| |---|---|---|---| ||||| ## **7. Governance costs** |**Designated**
**funds**
**2020**
**£**
Independent Examiner's
costs
**-**
Insurance
**-**
Professional fees
**-**
Depreciation
**-**
**-**|**Restricted**
**funds**
**Unrestricted**
**funds**
**2020**
**£**
**2020**
**£**
**-**
**1,200**
**-**
**2,368**
**-**
**180**
**5,297**
**1,120**
**5,297**
**4,868**|**Total**
**funds**
**2020**
**£**
**1,200**
**2,368**
**180**
**6,417**
**10,165**|_Total_
_funds_
_2019_
_£_
_1,136_
_2,320_
_980_
_5,956_| |---|---|---|---| ||||| ||||| ||||_10,392_| Page 12 **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **8. Net income/(expenditure)** This is stated after charging: ||**2020**|_2019_| |---|---|---| ||**£**|_£_| |Depreciation of tangible fixed assets:||| |- owned by the charity|**6,423**|_5,956_| During the year, no Trustees received any remuneration (2019 - £NIL). During the year, no Trustees received any benefits in kind (2019 - £NIL). During the year, 1 Trustee received £83 being reimbursement of expenses paid on behalf of the charity (2019 - £158). There were no related party transactions in this or the prior period. ## **9. Independent Examiner' remuneration** The Independent Examiner's remuneration amounts to an Independent Examination fee of £1,200 (2019 - £1,136.) ## **10. Staff costs** Staff costs were as follows: |Pension contributions
Wages and salaries|**2020**
**£**
**1,046**
**50,984**
**52,030**|_2019_
_£_
_736_
_45,702_| |---|---|---| |||_46,438_| The average number of persons employed by the charity during the year was as follows: |**2020**|_2019_| |---|---| |**No.**|_No._| |**2**|_2_| No employee received remuneration amounting to more than £60,000 in either year. Page 13 **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **11. Tangible fixed assets** |**Cost**
At 1 January 2020
Additions
At 31 December 2020
**Depreciation**
At 1 January 2020
Charge for the year
At 31 December 2020
**Net book value**
At 31 December 2020
_At 31 December 2019_|**Freehold**
**property**
**£**
**85,430**
**-**
**85,430**
**-**
**-**
**-**
**85,430**
_85,430_|**Plant and**
**machinery**
**£**
**19,241**
**1,852**
**21,093**
**18,928**
**626**
**19,554**
**1,539**
_313_|**Motor**
**vehicles**
**£**
**33,242**
**-**
**33,242**
**27,445**
**5,797**
**33,242**
**-**
_5,797_|**Total**
**£**
**137,913**
**1,852**| |---|---|---|---|---| |||||**139,765**| |||||**46,373**
**6,423**| |||||**52,796**| |||||**86,969**| |||||_91,540_| The properties are made up of nature reserves/land. ## **£** |1973/74 Holme Dunes|100| |---|---| |1985 Redwell Marsh approx 35 acres|34,000| |1989 Whiddington Wood|-| |1973 Walsey Hills|100| |1984 The Quags|5,000| |1984 Salthouse Estate|750| |1980 Aslack Way Office|5,500| |2000 Hempton Marsh property|38,000| |2010 Redwell land swap fees|1,980| |**Total**|**85,430**| ## **12. Stocks** |**Stocks**||| |---|---|---| ||**2020**|_2019_| ||**£**|_£_| |Raw materials|**245**|_245_| Page 14 ## **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **13. Debtors** |**Debtors**||| |---|---|---| |Trade debtors
Other debtors
Prepayments and accrued income
**Creditors: Amounts falling due within one year**
Trade creditors
Accruals and deferred income|**2020**
**£**
**1,743**
**2,655**
**2,430**
**6,828**
**2020**
**£**
**15,488**
**1,740**
**17,228**|_2019_
_£_
_1,622_
_2,872_
_6,578_| |||_11,072_| |||_2019_
_£_
_14,025_
_1,700_| |||_15,725_| ## **14. Creditors: Amounts falling due within one year** Page 15 **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **15. Statement of funds** ## **Statement of funds - current year** |**Statement of funds - current year**|||||||||| |---|---|---|---|---|---|---|---|---|---| |||||||||**Balance at**|| |**Balance at**||||||||**31**|| |**1 January**||||||**Transfers**||**December**|| |**2020**||**Income **||**Expenditure**||**in/out**||**2020**|| |**£**||**£**||**£**||**£**||**£**|| |**Unrestricted funds**|||||||||| |General Funds
**287,297**||**59,519**||**(59,023)**||**2,791**||**290,584**|| |Other General funds
**-**||**820**||**(820)**||**-**||**-**|| ||||||||||| |**287,297**||**60,339**||**(59,843)**||**2,791**||**290,584**|| |**Designated funds**|||||||||| |Designated Funds
**83,450**||**-**||**-**||**-**||**83,450**|| |Restricted Funds
**8,088**||**22,253**||**(27,550)**||**(2,791)**||**-**|| |Total of funds
**378,835**||**82,592**||**(87,393)**||**-**||**374,034**|| |The charity has restricted, designated and unrestricted funds. The unrestricted funds|||||||are able to b||e| |applied at the Trustees' discretion in connection with the charity's objectives.|||||||||| |The designated funds represent the cost of the property that||||was purchased||using the Lottery grant|||o| |£38,000 and other properties purchased since 1973, excluding||||the costs of the||Redwell land swap fees.|||| |The restricted funds represent; a 2017 donation towards the purchase of Toyota Hilux, net of subseque|||||||||n| |depreciation.|||||||||| |**Statement of funds - prior year**|||||||||| |||||||||_Balance at_|| |_Balance at_||||||||_31_|| |_1 January_||||||_Transfers_||_December_|| |_2019_||_Income_||_Expenditure_||_in/out_||_2019_|| |_£_||_£_||_£_||_£_||_£_|| |General Funds
_8,767_||_331,504_||_(50,612)_||_(2,362)_||_287,297_|| |Designated Funds
_83,450_||_-_||_-_||_-_||_83,450_|| |Restricted Funds
_11,568_||_18,035_||_(23,877)_||_2,362_||_8,088_|| |Total of funds
_103,785_||_349,539_||_(74,489)_||_-_||_378,835_|| The charity has restricted, designated and unrestricted funds. The unrestricted funds are able to be applied at the Trustees' discretion in connection with the charity's objectives. The designated funds represent the cost of the property that was purchased using the Lottery grant of £38,000 and other properties purchased since 1973, excluding the costs of the Redwell land swap fees. The restricted funds represent; a 2017 donation towards the purchase of Toyota Hilux, net of subsequent depreciation. Page 16 **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **16. Analysis of net assets between funds** ## **Analysis of net assets between funds - current year** |Tangible fixed assets
Current assets
Creditors due within one year
**Analysis of net assets between funds - prior year**
Tangible fixed assets
Current assets
Creditors due within one year|**Designated**
**funds**
**2020**
**£**
**83,450**
**-**
**-**
**83,450**
_Designated_
_funds_
_2019_
_£_
_83,450_
_-_
_-_
_83,450_||**Restricted**
**funds**
**Unrestricted**
**funds**
**2020**
**£**
**2020**
**£**
**-**
**3,519**
**-**
**304,293**
**-**
**(17,228)**
**-**
**290,584**
_Restricted_
_funds_
_Unrestricted_
_funds_
_2019_
_£_
_2019_
_£_
_5,297_
_2,793_
_2,791_
_300,229_
_-_
_(15,725)_
_8,088_
_287,297_|**Total**
**funds**
**2020**
**£**
**86,969**
**304,293**
**(17,228)**
**374,034**
_Total_
_funds_
_2019_
_£_
_91,540_
_303,020_
_(15,725)_
_378,834_| |---|---|---|---|---| |||||| ## **17. Post balance sheet events** The charity were made aware within the year that they were to be among the beneficiaries of two estates. Payments have been received from the legacies within the 2021 financial year and the charity is expecting to receive payments in the region of £300,000 from the two legacies. No amounts are recognised for the legacies within these financial statements because the criteria for recognition was not met at 31 December 2020. Page 17