2024-12-31-accounts

Charity number: 267670

NORFOLK ORNITHOLOGISTS ASSOCIATION

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

NORFOLK ORNITHOLOGISTS ASSOCIATION

CONTENTS

	Page
Reference and administrative details of the Charity, its Trustees and advisers	1
Trustees' report	2 - 5
Independent examiner's report	6
Statement of financial activities	7
Balance sheet	8
Notes to the financial statements	9 - 23

NORFOLK ORNITHOLOGISTS ASSOCIATION

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees	Dr S P Newman, Chair
	Mr D Gamble
	Dr K J Fox
	Mrs J Barker
	Mr P J Bangs
	Mr M Rae
	Mr R Skeen
	Ms L Ferrer
	Mr D Agombar (resigned 1 August 2024)
	Mr B S Hunt (appointed 14 September 2024)
	Mr E F Tooth (appointed 23 April 2024)
	Dr J M Brown (appointed 20 February 2024)
Charity registered number 267670 Principal office Broadwater Road Holme-Next-The-Sea Norfolk PE36 6LQ Accountants Larking Gowen LLP Chartered Accountants Summerhill House 1 Sculthorpe Road Fakenham NR21 9HA

Page 1

NORFOLK ORNITHOLOGISTS ASSOCIATION

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their annual report together with the financial statements of the Charity for the year 1 January 2024 to 31 December 2024.

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.

a. Achievements of the charity in the year.

2024 was an important year for the NOA, because for the first time we became landowners on our main reserve at Holme Bird Observatory, Norfolk. We were offered the opportunity to purchase three parcels of land totalling about 7 acres on the Observatory reserve (about half the total area) that had previously been leased from individuals. We were keen to buy the land to secure it for the future, and were able to complete the purchases out of core funds. The land at Holme Bird Observatory is now owned either by the NOA or by one of two organisations with excellent environmental credentials, i.e. the National Trust and Norfolk Wildlife Trust.

A subsequent land purchase appeal was launched to replenish our core funds, and it was successful thanks to the generosity of our members and supporters. The target of £48,000 was not only met but exceeded, and we were able to use the surplus to part-fund the replacement of a section of boardwalk. We are truly grateful to everyone who dipped into their pockets to help.

There were some significant changes in personnel during 2024, with David Agombar standing down from the Council of Trustees. David gave us some vital insights into fundraising, which will prove invaluable in future years. One of the NOA’s ongoing concerns is the average age of our existing Trustees, and the need to bring in fresh blood to ensure the organisation’s efficient running in the future. With this in mind we co-opted to the Council of Trustees Jerry Brown, Barrie Hunt and Ed Tooth during 2024. At the 2023 AGM, our members approved a temporary increase in the maximum number of Trustees from 9 to 12 until the end of 2025 in order to allow new Trustees to be recruited and some existing Trustees to stand down. Our long-term funding from Goldcrest Charitable Trust came to an end at Easter 2024, and our income could no longer run to a part-time Assistant Warden in addition to two full-time staff.

We were able during 2024 to purchase a second NOA vehicle, a Peugeot van, for the use of our full-time Assistant Warden. The installation of a new Heligoland trap at the Observatory, begun in late 2023, was completed in early 2024, and we also renewed the disabled access ramp near the entrance to the Observatory reserve. Our 2024 AGM was held in Holme Village Hall in mid-September, and our moth days went ahead as usual during the summer. Our in-house team produced the NOA’s annual report for 2023, and quarterly Newsletters were also produced, being sent to members either electronically or by post.

Membership subscriptions once again made the largest contribution to our income. Membership income was supplemented by agri-environment grants, and by a variety of fundraising activities, including a Christmas Eve sponsored birdwatch, a Grand Draw and 200 Club draws held on a quarterly basis. We continued to receive further instalments of two Gifts in Wills that have significantly boosted our finances. Investment income was somewhat reduced during 2024, owing to decreasing interest rates.

As always, help from volunteers was crucial to NOA’s success across the year, and we are grateful not only to them but also to all our members for their continued loyalty.

Page 2

NORFOLK ORNITHOLOGISTS ASSOCIATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

(continued)

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 £34,512 (2023: deficit of £7,828).

The Charity has unrestricted reserves of £582,387 (2023: £577,213) which can be used at the trustees' discretion in the furtherance of the Charity's objectives. There are designated reserves of £128,090 (2023: £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 of £1,980. The restricted reserves balance is £903 (2023: £16,204).

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 a registered charity, number 267670, and is constituted under a Trust deed.

Page 3

NORFOLK ORNITHOLOGISTS ASSOCIATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Structure, governance and management (continued)

b. Methods 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.

1. Any member who shows an interest in helping to run the Association, whom is known to the Warden and a current Trustee and deemed suitable and trustworthy, may either volunteer or be invited to join the council. New members of the council may be sought by word of mouth, or by advertising in the Association's quarterly newsletter. He or she will attend at least one council meeting to observe before a commitment is made.

2. A prospective Trustee will have expertise in an appropriate field which may be, financial, land law and management, conservation and natural sciences, agriculture practices, bird ringing, local issues (parish/district council experience) or fundraising.

3. If both parties are in agreement the prospective new member can be co-opted with immediate effect and confirmed at an election at the next AGM.

These procedures have proved entirely satisfactory in recent years in creating a balanced and stable council for the NOA.

Page 4

NORFOLK ORNITHOLOGISTS ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Statgment of Trustee8' responsibilitlgs The Trustees are responsible for preparing the Trustees, report and the financial statements in accoTdance Nvith applicable law and United lQ'ngdom Accounting Standards Iunited Kingdom Generally AC￿pted Accounting Practi￿1. Th8 law applicable to charities in England & Wales ￿qUiTe5 the TTuslees tr) prepare financial statements foi each financial year which give a true and fair view of tho state of affairs of the Charity and of its incoming resouice5 and application of resources, including ils income and expendtture. for that period. In pre￿rIng these financial statements, the Trustèes are required lo.. select suitable accounting policies and then apply them consistently.. observe the methods and principles of the Chaiities SORP IFRS 102),. make judgments and accounting èstimates thot are reasonable and prudent; slate whether applicable UK Accounting Standards IFRS 102) have been followod, subject lo any material departures disclosed ond explained in the financial statements., prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accountlng reeord5 that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy al any lime the financial position of the Charity and enable them lo ensure that the financial slalements compty wth the ChaTlties Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taknng reasonable steps for the prevention and detection of fraud and other irregularitios. Approved by order of the membeTS of the l)o?Td of Trustees and signèd on IheiT behalf by.. Drs P Newman Chair Date.. Page 5

This draft produced on 12/8/2025 02:19

NORFOLK ORNITHOLOGISTS ASSOCIATION

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

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 2024.

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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

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 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: 22 September 2025 Christopher Yeates FCA DChA

Larking Gowen LLP Chartered Accountants Summerhill House Sculthorpe Road Fakenham Norfolk NR21 9HA

Page 6

NORFOLK ORNITHOLOGISTS ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Note Income and endowments from: Donations and legacies 3 Other trading activities 4 Investments 5 Total income and endowments Expenditure on: Raising funds 6 Charitable activities: . Other charitable activities - governance costs Total expenditure Net income/(expenditure) before net gains on investments Net gains on investments Net income/(expenditure) Transfers between funds 17 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Designated funds 2024 £ - - - - - - - - - - - 44,640 44,640 83,450 44,640 128,090	Restricted funds 2024 £ 60,333 - - 60,333 - 30,693 301 30,994 29,339 - 29,339 (44,640) (15,301) 16,204 (15,301) 903	Unrestricted funds 2024 £ 24,997 71,232 13,560 109,789 2,365 87,792 21,704 111,861 (2,072) 7,245 5,173 - 5,173 577,214 5,173 582,387	Total funds 2024 £ 85,330 71,232 13,560 170,122 2,365 118,485 22,005 142,855 27,267 7,245 34,512 - 34,512 676,868 34,512 711,380	Total funds 2023 £ 47,508 53,880 7,473 108,861 4,877 107,262 11,464 123,603 (14,742) 6,914 (7,828) - (7,828) 684,696 (7,828) 676,868

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 9 to 23 form part of these financial statements.

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NORFOLK ORNrrHOLOGISTS ASSOCIATION BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Fixgd ￿ftts Tangible assets Investments 12 13 143,212 214159 92.755 86,914 357,371 179,669 Current a880ts Stocks Debtors Cash * bank and in hand 14 15 320 3.988 36l929 320 3,613 509,797 3Sf.237 513.730 Current liabilitles Creditors amounts falling due vllhln one year 16 113.228) (I&S31) Not current assets 354,009 497.199 Total a889ts1oss current Ilabllltles 711,380 676,868 Total ng1 a¥sets 711,380 676.868 Charlty funds Designated funds Restricted funds UnrestTiCted funds 17 17 17 12{090 903 582,387 83.450 16.204 577,214 Total fundg 711,380 676,868 The financial statements vft￿ approved and authorised for issue by the TTUSte6s 18 September 2025 and signed on thelr behalf by= Dr S P Newman Mr D Gamble Trustee The notes on pages 9 to 23 fonn part of these financial ststements. Pgge 8

NORFOLK ORNITHOLOGISTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. General information

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

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 in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Norfolk Ornithologists Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 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.

2.3 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.

2.4 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.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

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NORFOLK ORNITHOLOGISTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.5 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 institution with whom the funds are deposited.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

• Freehold property Nil straight line Plant and machinery - 25% Straight line Motor vehicles - 25% Straight line

2.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.

2.8 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.9 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.

2.10 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.

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NORFOLK ORNITHOLOGISTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.11 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.

2.12 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.

2.13 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.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Donations Legacies	Restricted funds 2024 Unrestricted funds 2024 £ £ 60,333 16,421 - 8,576 60,333 24,997	Total funds 2024 £ 76,754 8,576
		85,330

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NORFOLK ORNITHOLOGISTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

3. Income from donations and legacies (continued)

Donations Legacies	Restricted funds 2023 £ 34,609 - 34,609	Unrestricted funds 2023 £ 2,899 10,000 12,899	Total funds 2023 £ 37,508 10,000
			47,508

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NORFOLK ORNITHOLOGISTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

4. Income from other trading activities

Income from fundraising events

Unrestricted funds 2024 £ Membership income & Gift Aid 37,777 Permits 1,562 Sales (books, cards etc) 384 Fundraising activities 9,334 Misc income 403 BPS and Higher Level Stewardship Scheme 21,772 71,232 Unrestricted funds 2023 £ Membership income & Gift Aid 33,435 Permits 1,090 Sales (books, cards etc) 124 Fundraising activities 6,732 Misc income 88 BPS and Higher Level Stewardship Scheme 12,411 53,880 5. Investment income Unrestricted funds 2024 £ Investment income - bank interest 13,560	Total funds 2024 £ 37,777 1,562 384 9,334 403 21,772
	71,232
	Total funds 2023 £ 33,435 1,090 124 6,732 88 12,411
	53,880
	Total funds 2024 £ 13,560

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NORFOLK ORNITHOLOGISTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

5. Investment income (continued)

	Unrestricted	Total
	funds	funds
	2023	2023
	£	£
Investment income - bank interest	7,473	7,473

6. Expenditure on raising funds Costs of raising voluntary income

Unrestricted funds 2024 £ Goods for resale 141 Fundraising costs 2,224 2,365	Total funds 2024 £ 141 2,224
	2,365

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NORFOLK ORNITHOLOGISTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

6. Expenditure on raising funds (continued)

Costs of raising voluntary income (continued)

Goods for resale Fundraising costs	Unrestricted funds 2023 £ 539 4,338 4,877	Total funds 2023 £ 539 4,338
		4,877

7. Analysis of expenditure on charitable activities

Charitable activities Wages and pensions Water rates Electrictity Travelling Printing, stationery and postage Telephone Repairs and renewals Site development - Hempton Site development - Redwell Site development - Observatory Site development - Walsey Sundry costs Ringing costs Website costs	Restricted funds 2024 £ 15,693 - - - - - - - - 15,000 - - - - 30,693	Activities 2024 £ 39,201 67 1,169 3,309 8,392 1,093 2,843 7,754 1,698 15,067 2,162 4,033 944 60 87,792	Total funds 2024 £ 54,894 67 1,169 3,309 8,392 1,093 2,843 7,754 1,698 30,067 2,162 4,033 944 60
			118,485

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NORFOLK ORNITHOLOGISTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Charitable activities Wages and pensions Water rates Electricity Travelling Printing, stationery and postage Telephone Repairs and renewals Site development - Hempton Site development - Redwell Site development - Observatory Bank charges Workwear Site development - Walsey Sundry Ringing costs Pension contributions	Activities 2023 £ 48,584 59 3,745 2,986 8,668 1,325 20,982 11,375 300 2,023 235 494 188 2,308 3,130 860 107,262	Total funds 2023 £ 48,584 59 3,745 2,986 8,668 1,325 20,982 11,375 300 2,023 235 494 188 2,308 3,130 860
		107,262

8. Governance costs

Independent Examiner's costs Bookkeeping costs Insurance Professional fees Depreciation	Restricted funds 2024 Unrestricted funds 2024 £ £ - 1,799 - 11,215 - 3,152 - 1,456 301 4,082 301 21,704	Total funds 2024 £ 1,799 11,215 3,152 1,456 4,383
		22,005

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NORFOLK ORNITHOLOGISTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Restricted funds 2023 £ Independent Examiner's costs & bookkeeping - Insurance - Professional fees - Depreciation 401 401 9. Independent examiner's remuneration Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts	Unrestricted funds 2023 £ 2,537 2,168 4,318 2,040 11,063 2024 £ 1,776	Total funds 2023 £ 2,537 2,168 4,318 2,441
		11,464
		2023 £ 1,650

10. Staff costs

Pensions Wages and salaries	2024 £ 1,166 53,728 54,894	2023 £ 936 47,648
		48,584

The average number of persons employed by the Charity during the year was as follows:

	2024	2023
	No.	No.
Avg no of employees	2	2

No employee received remuneration amounting to more than £60,000 in either year.

11. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .

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NORFOLK ORNITHOLOGISTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

11. Trustees' remuneration and expenses (continued)

During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL) .

12. Tangible fixed assets

Cost or valuation At 1 January 2024 Additions At 31 December 2024 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 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 2024 Holme £26,035 2024 Ellison £18,605	Freehold property £ 85,430 44,640 130,070 - - - 130,070 85,430	Plant and machinery £ 31,323 10,200 41,523 23,998 4,383 28,381 13,142 7,325	Total £ 116,753 54,840
			171,593
			23,998 4,383
			28,381
			143,212
			92,755

Total £130,070

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NORFOLK ORNITHOLOGISTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

13. Fixed asset investments

Cost or valuation At 1 January 2024 Additions Gains At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 14. Stocks Raw materials and consumables 15. Debtors Due within one year Trade debtors Other debtors Prepayments and accrued income	2024 £ 320 2024 £ - 2,131 1,857 3,988	Listed investments £ 86,914 120,000 7,245
		214,159
		214,159
		86,914
		2023 £ 320 2023 £ 1,657 1,492 464 3,613

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NORFOLK ORNITHOLOGISTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

16. Creditors: Amounts falling due within one year

Trade creditors Accruals and deferred income	2024 £ 11,452 1,776 13,228	2023 £ 9,188 7,343
		16,531

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NORFOLK ORNITHOLOGISTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

17. Statement of funds

Statement of funds - current year

Balance at 1 January 2024 £ Unrestricted funds General Funds 577,214 Designated funds Designated Fund 83,450 Restricted funds Restricted Fund 16,204 Total of funds 676,868	Income £ Expenditure £ 109,790 (111,862) - - 60,333 (30,994) 170,123 (142,856)	Transfers in/out £ - 44,640 (44,640) -	Gains/ (Losses) £ 7,245 - - 7,245	Balance at 31 December 2024 £ 582,387
				128,090
				903
				711,380

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, a thermal imaging camera.

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NORFOLK ORNITHOLOGISTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

17. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds General Funds - all funds Designated funds Designated Funds - all funds Restricted funds Restricted Funds - all funds Total of funds	Balance at 1 January 2023 £ 599,641 83,450 1,605 684,696	Income £ 74,251 - 34,607 108,858	Expenditure £ (103,593) - (20,008) (123,601)	Gains/ (Losses) £ 6,915 - - 6,915	Balance at 31 December 2023 £ 577,214
					83,450
					16,204
					676,868

18. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total	Designated funds 2024 £ 128,090 - - - 128,090	Restricted funds 2024 Unrestricted funds 2024 £ £ 903 14,219 - 214,159 - 367,237 - (13,228) 903 582,387	Total funds 2024 £ 143,212 214,159 367,237 (13,228)
			711,380

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NORFOLK ORNITHOLOGISTS ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

18. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total	Designated funds 2023 £ 83,450 - - - 83,450	Restricted funds 2023 £ 1,204 - 15,000 - 16,204	Unrestricted funds 2023 £ 8,101 86,914 498,730 (16,531) 577,214	Total funds 2023 £ 92,755 86,914 513,730 (16,531) 676,868

19. Related party transactions

There were no related party transactions in either the current or prior period.

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