**Charity number: 267670** ## **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **UNAUDITED** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2021** ## **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 2021** ## **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 2021** The Trustees present their annual report together with the financial statements of the charity for the 1 January 2021 to 31 December 2021. ## **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** COVID continued to cast its shadow over the NOA’s activities in 2021. Fortunately, it was possible for our HQ at Holme Bird Observatory to be staffed daily, and for Walsey Hills and Hempton Marsh reserves to be wardened regularly. This meant that our core activities could continue more or less normally. Although vaccines made visitors more confident to be out and about, we decided not to hold either our “Go Wild at Drove” event at Drove Orchards, or our moth days at Holme and Hempton. The Trustees’ activities were also affected by COVID, because we were reluctant to meet face to face until the autumn. That meant that most of our meetings across the year were virtual, using the medium of Microsoft Teams. Happily, there were no changes to the composition of the Council of Trustees during the year to complicate matters. Our wardening staff were also unchanged compared with 2020, with an Assistant Warden’s post continuing to be funded by the Goldcrest Charitable Trust. As in 2020, we explored various options for holding an AGM, but ultimately we decided simply to cancel it again, based on Charity Commission advice. Reports from Chairman and Treasurer were prepared, and were made available to any member requesting them. As usual, much of our income derived from memberships, which held up well during the pandemic, and even seemed to increase, with some new memberships being purchased by holidaymakers wishing to access Holme beach. Membership income was supplemented by agri-environment grants, and by the proceeds of our Annual Grand Draw and quarterly 200 Club draws. We were pleased to receive further instalments of two bequests, of which we had become aware in 2020. During 2021, our in-house team produced the NOA’s annual report for 2020, and quarterly Newsletters were also produced, being sent to members either electronically or by post. 2021 proved to be a relatively poor year for wildlife, in strong contrast to the previous year. This was due in part to winds blowing from the wrong direction during key migration periods. Regular bird ringing at Holme Bird Observatory continued, but for the first time in NOA’s history we ringed more birds at both Walsey Hills and Hempton Marsh. There were two major improvements to our infrastructure during the year. The first of these was a replacement of the steps at Walsey Hills, and the second was replacement of the boardwalk at Holme Bird Observatory that leads to the coastal footpath. Both were overdue for repair, and the latter work was done in collaboration with the Norfolk Wildlife Trust, to ensure the welfare of Natterjack Toads. Page 2 ## **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2021** ## **Review of activities (continued)** During the 2020 lockdowns, we had begun a book project “The Birds of Holme Bird Observatory 1962 to 2020”, which gives detailed accounts all the bird species recorded by the Observatory since its foundation. We were pleased to complete the project and to publish the book in July 2021, following printing by a local firm in Hunstanton. As usual, the NOA’s activities were made much easier during the year by the help we received from our many volunteers, and we are grateful not only to them but also to all our members for their loyalty during trying times. ## **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. The Charity has a surplus in the current year of £221,157 (2020: deficit of £4,801). The surplus, and the increase in unrestricted funds described below, is due to two bequest receipts totalling £254,500 (2020: £nil). The Charity has unrestricted reserves of £511,741 (2020: £290,584) which can be used at the trustees' discretion in the furtherance of the Charity's objectives. There are designated reserves of £83,450 (2020: £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 (2020: £nil). 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 TRUSTEES. REPORT {eonllnu•dl FOR THE YEAR EMDED 31 DECEMBER 2021 1. Any m8mber *lK> Irrt•r•st In h8lpw¥ to nm tr• *4x¢A*icffi. is to ￿ W•tsi a rrÉht Trust80 aTrJ down•J wtAt4• and truAwyty. m•y •lthgr ¥olLmle8r or ￿ irwit8d to jcmn ¢¥xts)ell. Naw memt¢rs ol ts Lx*JMal may be by of n￿, thertlsltyj In th& Asxoaticn* quarterfy nv*71etter. He or sho atteTrJ * l¢•t one medlTra to ob¥orv¥ b•f(n a commitment is fflwJ8. 2. A wlll in fldd ￿. Ilnwwi. I•KI l•¥ And ¢cwJncil experiwK*I or fwthgiTra. conllmi•J ￿ an Bt Ihe ￿xI A**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
6
Governance
7
**Total expenditure**
**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**
**2021**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**83,450**
**83,450**|**Restricted**
**funds**
**Unrestricted**
**funds**
**2021**
**£**
**2021**
**£**
**37,600**
**259,179**
**-**
**52,803**
**-**
**7,178**
**37,600**
**319,160**
**-**
**5,045**
**37,600**
**87,896**
**-**
**5,062**
**37,600**
**98,003**
**-**
**221,157**
**-**
**221,157**
**-**
**290,584**
**-**
**511,741**|**Total**
**funds**
**2021**
**£**
**296,779**
**52,803**
**7,178**
**356,760**
**5,045**
**125,496**
**5,062**
**135,603**
**221,157**
**221,157**
**374,034**
**595,191**|_Total_
_funds_
_2020_
_£_
_26,430_
_50,632_
_5,530_
_82,592_
_3,452_
_73,776_
_10,165_
_87,393_
_(4,801)_
_(4,801)_
_378,835_
_374,034_| |---|---|---|---|---| The notes on pages 8 to 17 form part of these financial statements. Page 6 B￿ANCe SHEET AS AT 31 DECEMBER 2021 2020 Flx•d •M•l• Tanglbl¢ as8ets Curr•nt •M•ts Stock5 Debtcrf8 C•8h •t aryj In 11 86,969 12 13 245 6.828 29r,220 ,293 Cr•dlty•: amotyts ¥Atrth ( yè8r 14 154423) (17.228) 287,065 191 374,034 Chaffty Fund• DeIgnat￿ Unre8trk4￿ 15 15 450 511,741 Tot*1 fund• 191 374,034 d on tho* bahall, by: Dv4ld GwlJl• Tr•uurnr Page 7 **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **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 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 2021** ## **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 2021** ## **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 2020_|**Designated**
**funds**
**2021**
**£**
**-**
**-**
**-**
_-_|**Restricted**
**funds**
**Unrestricted**
**funds**
**2021**
**£**
**2021**
**£**
**37,600**
**4,679**
**-**
**254,500**
**37,600**
**259,179**
_22,253_
_4,177_|**Total**
**funds**
**2021**
**£**
**42,279**
**254,500**
**296,779**
_26,430_|_Total_
_funds_
_2020_
_£_
_26,430_
_-_| |---|---|---|---|---| |||||| |||||| |||||_26,430_| |||||| Page 10 ## **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **3. Fundraising income** |Membership income
Permits
Sales (books, cards, videos,
etc)
Fundraising activities
Miscellaneous income
Basic Payment Scheme &
Higher Level Stewardship
Scheme
_Total 2020_
**Investment income**

Investment income
_Total 2020_
**Costs of raising funds**

Goods for resale
Fundraising costs
_Total 2020_|**Designated**
**funds**
**2021**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
_-_
**Designated**
**funds**
**2021**
**£**
**-**
_-_
**Designated**
**funds**
**2021**
**£**
**-**
**-**
**-**
_-_|**Restricted**
**funds**
**Unrestricted**
**funds**
**2021**
**£**
**2021**
**£**
**-**
**30,451**
**-**
**1,722**
**-**
**2,435**
**-**
**7,819**
**-**
**11**
**-**
**10,365**
**-**
**52,803**
_-_
_50,632_
**Restricted**
**funds**
**Unrestricted**
**funds**
**2021**
**£**
**2021**
**£**
**-**
**7,178**
_-_
_5,530_
**Restricted**
**funds**
**Unrestricted**
**funds**
**2021**
**£**
**2021**
**£**
**-**
**2,893**
**-**
**2,152**
**-**
**5,045**
_-_
_3,452_|**Total**
**funds**
**2021**
**£**
**30,451**
**1,722**
**2,435**
**7,819**
**11**
**10,365**
**52,803**
_50,632_
**Total**
**funds**
**2021**
**£**
**7,178**
_5,530_
**Total**
**funds**
**2021**
**£**
**2,893**
**2,152**
**5,045**
_3,452_|_Total_
_funds_
_2020_
_£_
_30,190_
_1,316_
_120_
_7,418_
_130_
_11,458_
_50,632_| |---|---|---|---|---| |||||_Total_
_funds_
_2020_
_£_
_5,530_| |||||_Total_
_funds_
_2020_
_£_
_633_
_2,819_
_3,452_| |||||| ## **4. Investment income** ## **5. Costs of raising funds** Page 11 ## **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **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
Site development - Walsey
Rent
Miscellaneous expenses
Ringing costs
Website costs
Pension contributions
_Total 2020_|**Activities**
**£**
**51,475**
**80**
**2,456**
**1,902**
**4,407**
**3,041**
**828**
**1,860**
**725**
**537**
**28,656**
**25,999**
**180**
**717**
**1,688**
**414**
**531**
**125,496**
_73,776_|**Total**
**2021**
**£**
**51,475**
**80**
**2,456**
**1,902**
**4,407**
**3,041**
**828**
**1,860**
**725**
**537**
**28,656**
**25,999**
**180**
**717**
**1,688**
**414**
**531**
**125,496**
_73,776_|_Total_
_2020_
_£_
_50,984_
_97_
_2,033_
_2,374_
_4,449_
_2,334_
_995_
_4,466_
_65_
_288_
_671_
_134_
_240_
_1,520_
_1,823_
_257_
_1,046_
_73,776_| |---|---|---|---| ||||| ## **7. Governance costs** |**Designated**
**funds**
**2021**
**£**
Independent Examiner's
costs
**-**
Insurance
**-**
Professional fees
**-**
Depreciation
**-**
**-**|**Restricted**
**funds**
**Unrestricted**
**funds**
**2021**
**£**
**2021**
**£**
**-**
**1,222**
**-**
**2,465**
**-**
**756**
**-**
**619**
**-**
**5,062**|**Total**
**funds**
**2021**
**£**
**1,222**
**2,465**
**756**
**619**
**5,062**|_Total_
_funds_
_2020_
_£_
_1,200_
_2,368_
_180_
_6,417_| |---|---|---|---| ||||| ||||| ||||_10,165_| Page 12 ## **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **8. Net income/(expenditure)** This is stated after charging: ||**2021**|_2020_| |---|---|---| ||**£**|_£_| |Depreciation of tangible fixed assets:||| |- owned by the charity|**619**|_6,423_| During the year, no Trustees received any remuneration (2020 - £NIL). During the year, no Trustees received any benefits in kind (2020 - £NIL). During the year, 1 Trustee received £113 being reimbursement of expenses paid on behalf of the charity (2020 - £83). 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 £1,300 (2020 - £1,200.) ## **10. Staff costs** Staff costs were as follows: |Pension contributions
Wages and salaries|**2021**
**£**
**531**
**51,520**
**52,051**|_2020_
_£_
_1,046_
_50,984_| |---|---|---| |||_52,030_| The average number of persons employed by the charity during the year was as follows: |**2021**|_2020_| |---|---| |**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 2021** ## **11. Tangible fixed assets** |**Cost**
At 1 January 2021 and 31 December 2021
**Depreciation**
At 1 January 2021
Charge for the year
At 31 December 2021
**Net book value**
At 31 December 2021
_At 31 December 2020_|**Freehold**
**property**
**£**
**85,430**
**-**
**-**
**-**
**85,430**
_85,430_|**Plant and**
**machinery**
**£**
**21,093**
**19,554**
**619**
**20,173**
**920**
_1,539_|**Motor**
**vehicles**
**£**
**33,242**
**33,242**
**-**
**33,242**
**-**
_-_|**Total**
**£**
**139,765**| |---|---|---|---|---| |||||**52,796**
**619**| |||||**53,415**| |||||**86,350**| |||||_86,969_| 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**||| |---|---|---| ||**2021**|_2020_| ||**£**|_£_| |Raw materials|**245**|_245_| Page 14 ## **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **13. Debtors** |Trade debtors
Other debtors
Prepayments and accrued income
**Creditors: Amounts falling due within one year**
Trade creditors
Accruals and deferred income
**Deferred income**
Deferred income at 1 January 2021
Resources deferred during the year
Amounts released from previous years
Deferred income at 31 December 2021|**2021**
**£**
**1,636**
**3,868**
**2,692**
**8,196**
**2021**
**£**
**10,578**
**44,845**
**55,423**|_2020_
_£_
_1,743_
_2,655_
_2,430_
_6,828_
_2020_
_£_
_12,618_
_4,610_
_17,228_
**£**
**4,610**
**45,300**
**(4,610)**
**45,300**| |---|---|---| ## **14. Creditors: Amounts falling due within one year** Page 15 ## **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **15. Statement of funds** ## **Statement of funds - current year** |**Unrestricted funds**
General Funds
**Designated funds**
Designated Funds
Restricted Funds
Total of funds|**Balance at**
**1 January**
**2021**
**£**
**290,584**
**83,450**
**-**
**374,034**|**Income Expenditure**
**£**
**£**
**319,160**
**(98,003)**
**-**
**-**
**37,600**
**(37,600)**
**356,760**
**(135,603)**|**Balance at**
**31**
**December**
**2021**
**£**
**511,741**
**83,450**
**-**
**595,191**| |---|---|---|---| 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. Restricted funds are in relation to the assistant warden's salary, site development at Walsey, the annual report and two plaques. ## **Statement of funds - prior year** |General Funds
Designated Funds
Restricted Funds
Total of funds|_Balance at_
_1 January_
_2020_
_£_
_287,297_
_83,450_
_8,088_
_378,835_|_Income_
_£_
_59,519_
_-_
_22,253_
_81,772_|_Expenditure_
_£_
_(59,023)_
_-_
_(27,550)_
_(86,573)_|_Transfers_
_in/out_
_£_
_2,791_
_-_
_(2,791)_
_-_|_Balance at_
_31_
_December_
_2020_
_£_
_290,584_
_83,450_
_-_
_374,034_| |---|---|---|---|---|---| Page 16 ## **NORFOLK ORNITHOLOGISTS ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **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**
**2021**
**£**
**83,450**
**-**
**-**
**83,450**
_Designated_
_funds_
_2020_
_£_
_83,450_
_-_
_-_
_83,450_||**Restricted**
**funds**
**Unrestricted**
**funds**
**2021**
**£**
**2021**
**£**
**-**
**2,900**
**-**
**564,264**
**-**
**(55,423)**
**-**
**511,741**
_Restricted_
_funds_
_Unrestricted_
_funds_
_2020_
_£_
_2020_
_£_
_-_
_3,519_
_-_
_304,293_
_-_
_(17,228)_
_-_
_290,584_|**Total**
**funds**
**2021**
**£**
**86,350**
**564,264**
**(55,423)**
**595,191**
_Total_
_funds_
_2020_
_£_
_86,969_
_304,292_
_(17,227)_
_374,034_| |---|---|---|---|---| |||||| ## **17. Post balance sheet events** In 2020 the charity was notified that it was among the beneficiaries of two estates. During the period £254,500 was received from the estates and this is recognised in income. The charity is expecting to receive further distributions. No amounts are recognised for the additional receipts because a reliable estimate of the amounts to be received could not be made at 31 December 2021. Page 17