Reglstsred number. 01295328
Charity number: 273702
NORFOLK HISTORIC BUILDINGS TRUST
(A Company Llmlted by Guarantee)
UNAUDITED
DIRECTORS, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

NORFOLK HISTORIC BUILDINGS TRUST
(A Company Linited by Guarantee)
coptTEKrs
Page
Rgfgrence and Admlnlstratlvfr Detai18 of th• Trus( Il• Dlfectorn and Advi8èr6
Dlrector8' R¢port
Indopend¢nt Examln•rf• Report
Stat•rn•nt ot Flnanclal Actlvltl•8
alancg 8ho•t
10-11
Not•8 to Ihe Flnanclal Statem&nl8
12-31

NORFOLK HisfoRIC BUILDINGS TRUST
(A Company Umited by Guarants•
REFERENCE AND ADMINISTRATIVE DETAILS OF THE TRUST, rrs DIRECTORS AND ADVISERS
FOR THE YEAR ENDED 31 NIARCH 2024
DIr￿tor¥
MrBF&mery
MrRHa
Mrs J M HaThKKrfJ, Chair
Mr T Hickman Smith
r B F Johnsen {resvJned 26 Februw 2024)
Mr M Laun¢hl>ury (resigned 22 Nwil 2024)
Mr8 H C Leith
Mrcmaw
MrJ Parry
MrA J Bames (apFyinted 11 DLr&nber2023)
MrAJ P(xver
MrG Stamp
Mr C J Codling (appointed 11 Decemter 2023)
Mrs R S mat￿n {appointed 22 February 2024)
Mr S M Jaggard lappoint&J 22 July 2024)
Company regiBtsred
nurnbgr
01295328
Charfty rngE8tsred
numbgr
273702
Beckevs Chap81
2 Church Street
Wymondham
Norfolk
NR18 OPH
Company secretary
SAPotts
xcountar•ts
MA Partners LLP
Chartered Accountants
7 The Close
N0￿ch
Norfolk
NR14DJ
Page 1

NORFOLK HISTORIC BUILDINGS TRUST
IA Company Limltsd by Guarantse
DIRECTORS. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Dlr*or$ present Iheir annual rewt togelher with the fm8ndal stslements of the Trust for the y8ar 1 April
2023 to 31 March 2024. The Annual Rewrt serves the purp)¥es of both a Dlrectors, rewrt and a directors,
report under company law. The Directols confirm Ihal the Annual Report and financial slalements of the
charitablg company compty with the current statuw requirements. the. requirements of the charitable
companls governing document and the provi8ions of thg Ststement of Recommended Practice (SORP)
applicable to tharities preparing their occ¢)unts in accordanc8 Mlh the Finan￿al Reporting Stsndard applicable
in the UK and R8wblic of Ireland IFRS1021 (effective 1 January 2019).
Since the Trust qualifies as sm￿1 under sectKJn 382 of the ccmp8n￿s Act 20(￿. the Strateglc Roport required
of M￿luM ané large companies under the Cornpan￿ Act 2006 (Strategic Report a￿1 Director8, Report}
Regulations 2013 ha8 been omitted.
ObJ•¢tlvM •nd actlvltl08
a. Pollcle8 and obJ•c¢lv
The oblects for which the Trust was e81abli8hed, ag set out in the MemorarKlum of Association, are'lo preserve
for the benefft of the people of the County of Norfok aThl of th& nation at large. whatevgr of the hi$loriGal,
architectur81 or constructional heritage may exist in and around the County of Norfolk in the forni of la) buildings
of particul?r beauty or hlslorical, architeQural cr Constru￿￿Onal interest (b) ancienl monumants.. and Ic) land of
particular beauty or hislori¢o1 intere5r.
In 8ettlng obJectivo¥ arvj plgnnwig for activ1t1￿, the Directors havd given due Contskleratlon to general guldartce
published by the Charity Commi8slon rel•tbng to public benefit. includlng tho guidance 'Public bgnefit.. running a
charity {PB21'.
b. Aetlvltl•B und•rtAk•n to achlov• obJ•ctlve8
The maln actfvlty for aCh1o￿ng tho above obiectNe8 18 the purcha90 orlgase ol P￿pertIe9 falllng Into Ihe above
d8finition4 whiGh are often on the Buildings at Risk Register, and then arranging and fiJnding their renovation lo
be folk)wed by 8 subsequent sale. However, because of the nolure of the ycyety market and the number of
Important building8 which have &miled or no re￿18 val￿, a subsequant sale is not a￿ayS possible and as
result Iha Trust ha8 a number of buildings that it ￿taIns. Some of these aro open to the public and, in some
case4 they can be operated by an 'ar￿￿& length companl or by su￿tenants.
Page 2

NORFOLK HISTORIC BUILDINGS TRUST
. (A Company Limlted by Guarantse
DIRECTORS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achjevements and pèrfofmanco
. Maln achhvemonts of the TruBt and plans for tho futuve
SIr￿e its famialion in 1977, the Trusl has complated over 20 schemes of rastoration and tsken on responsibility
for the day-to.day care and management of sgverd other histcffic bU1￿1n98 and 8truGtures. During 202312024
the rnajority of the Trusys attgntKJn and re80urces weTr focused on..
Carrying out malntén8rKe and repairs at Ihe Trusls properti89 as required
WoTking with partners to promote Waxham Bam's weddings and c£fé bu$ine8s lo ensure that th8 Trust
cover the Considorab￿ on90ing costs of rewr8 and maintenance of the building.
Working with partners to promote our natural twrial grounEJ al Oulton Chapel to produce sufficient Income
to maintain the Oullon buildings.
Completing the first phase of the Grade l-lthd Bec*eV8 Cha￿1 project in Wymondham. Thls was
c(xnpleled within budget wlth Sufficient funds availabb to commission th8 manufacturer of heating
chandeliers which were installed in th8 chapel 8fter the year•nd. We are grateful to our fundèrs,
Hi81oric England. Thè Ar¢hit¢clural Heritage Fund, Norwich Freemang Charity, Pilgrim Trust, Headley
Trust, South Norfolk Council and Geoffrey Walling for their generous support.
Working on Phase 2 of the Peckers chapel project dèv•l¢)ping plans and o)stlngs for the proposed new
ext8nshJn for planning and listed buikiing ¢on5ent which was applied for during May 2024. This
dèvelopment work is being largety fund￿ by the Artiila¢tural Hentage Fund.
A (y)ntinuing concem for Dlr6ctors was lo ensufe that the Tnjst has 8ufficl8nt rn8erves in place lo.. 11 meot
ongoing maintenance responsibilities and potsntial repair costs for its propertres. espe¢ially those of little or no
Incomtrgeneraling potent￿1 ill provide limitéd funding for potential new projgcts, such as Bè¢kel's Chapel. Wth
this in mind, the TnJ$t 1$ now looking 10 8clively fundrnis& lor Tepair work6. revenue fundbng tt> cover day to day
¢)verheads and considering ways of gonèrating more Inc￿ from ils properties.
Waxham Grnat Barn
Wedding hires, which represent the prinup8180urce of Inc(￿. 81 £38,139 were hxver than the previou8 year
1£49,6451. 2022-23 dld, however. benefft from a number of wè(hJing5 whlch wefe postponed due lo the Covl
19 pandemic. Wedding hSre revenues for the year 2019-20 (the last fiJll year pre-pandém￿l were £31,211 $0,
notsvith81anding the reduction year QD year, we continue to grow the hire business over th¢ longer temi.
The cafe, opgraled by 8 tenan( continues to be very $u¢cessful, helping to drive f¢4)ttall to ihe 8am $0 tho1
people local to the area visitor5 Gan apweciale lh& scate and beauty ￿ this Tu(ksr property.
We have conlinuad to maintain the Bam and invest in improveff£nls bul maintaining the Bam over th6 longer
term ¢ontinues lo be a challenge as the revenue generated is not suffiGi8nt to fund the medium to long term
needs of this historic building. We are expbmg. partners, tknv to place the Barn on a financially
sustainable fooling. In the short term, the ridge of the thatehed barn needs replacing, and the Trust 18
approachirKJ funders lo ¥upport this c. £60,oc￿ woiect. We are al80 exploring sustainable heating golulions for
the Barn such that il can be u8ed for weddings and other evenl8 year-wTrJ. Again. grant funding will be sought
for this c. £20.000 proje¢L
Oulton Cha
The Trust has completsd the arrangements for the natu￿ burial ground. Hard landscaping work$ were carried
out during the summer of 2022. vdth planting undertaken in the autumn. We believe this prciect will provide
V8luabl8 long-temi income for the Tfust. During the current year we have sold three plots on the site. We 8xpect
the use of the burial ground to produce a steady income tn tha nwdium temi. and VR Iwe bring the chapel into
more frequent use as a venue for funeral related e￿nts.
Page 3

NORFOLK HISTORIC BUILDING8 TRUST
(A Company Limlted by Guarants&)
DIRECTORS. REPORT (CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
Achlevpment8 and porformance Icontlnuedl
8alhou80 8tation and Greatgr Anglla statlon malntonance strat8Oy
The c4mpaign lo save Salhouse Ststion has joined a much broader movement to determine the future Df our
maining built raihvay heritsge, involving SAVE Bntain's Heritsge. and led by the Chaiman of Suffolk Bullding
Preservation Trust, Plers Hart (Brandon Stslion In SLrffolk bKame a cause célèL¥8 because of Anglia Railwals
attempts to demolish it, despite being listed). We have jointly Created a website Yhvw.save*our-stations.coml
whlch hlghligh15 several buildings at rL¥k on the Greater Anglia netsyork, including Salhou88.
In September 2023 a team of supporters. I￿￿￿1Th9 the Suffofrt MP Jo Churchill, met the then Railway Minister,
Huw Merriman, in Westsninster to highlight the plight of many of these buitdings and to determine policy for their
fvture use. Meanwhile, Greater Anglia has halied all demolition and replacement by bus style shelters. We are
waiting to hear back from the Department of Transport. SAVE continue to push ￿ behalf of the group and the
Tnjsl wlll continuè lo mnitor.
8•ck•t'8 Chapol
Thi8 fomwrly s8mi-redvndant Grode l-lssted 8rKI "At R18k" bultdirwJ18 knAtad In Wwnondh8m ¢8ntro. Th•
Trust acquired the chapel in September 2022 havin9 secured in gxcess of £700,000 in grant fundlng for m8jor
repairs and an upgrade as the first phase of the project. In addition lo the grants 5e¢ured. the Trust committed
£50,000 of ils own resources which h88 been used lo match fund grant montès as required and to purchase the
chapel. The works were compteted ￿ightlY k91er than anticipated. bul wilhin budget. The ch8pal reopened to the
publlc In July 2023 and tn excess of 15.000 peoFAe had passed through its &)ors by Chrlstrnas.
This prolect is a trail blazer lor Ihe Trust and for Histori¢ Englond in th81 It incorpor8to8 elements that support
th• drTVè lo Nel Zero. These includè roof insulatk)n, requiring the raising of the roof. and unde￿00r insu18O0n.
Work has now started on developing plans for Phase 2, a modem extension whlch will incorporate air source
heat pumps and photovoltaic pane18 on the South facing roof. This extension wlll house a cafélkltGhen faciliti65,
an accessible lavatory, and a Visilijr Information P¢￿nt, to promote Wymondh8m as a herilagB destin8tlDn.
Flnanclal revlow
. Golng concern
After making appropriato enquwles. thg Directors have a Teasonable expectation that the Trust has adequate
resources to continue in opefalional exister￿e for the foresee8bte future. For thls reason, they continue to adopt
the going concern basis in preparing the financial ststements.
Page 4

NORFOLK HISTORIC BUILDINGS TRUST
(A Company Limit8d by Guarantse
DIRECTORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Re8ervo8 poIIcy
The Trusvs r8seive8 c(Knprise Restricted reserves (repr8senting funds received for a specified purp05e} and
Unrestricted reserves (eofflprising funds designaled for specific Purpos￿ al the dw81K)n of the Directors and
General Funds).
The Di￿thr9 rewew the Tru8Ys Unfe8tricted reser4￿8 on a wuiar basbs and, prlor to the commencomént of
any major scheme. they ensure that. wherever possible. the projected costs will be covered by grants and other
donalbJn¥ or the resale value of the completed scheme. Where this raquires a contribution from the Trust, they
ensure that any such c08ts to b¢ bomg by Ihg Trust are capable of being covered by available Unrestricted
re8ervo8.
Unrestricted reseryes held for the fulure maintenance of th8 Trusfs freetKJkl and leasehold propèrtiès ar8
reviewed on a regular ba￿$ and condition rewls are commi88KJned where apprcs)riate to inform the levo18 of
reserves held. In addition, a Herrtage Assets fesetve (matching the carwNJ value of the Trust's Heritage
assets) is maintsined. refiecting the tsct Ihat there IB no Cul￿nt intention lo th'spose of any of tha Tru8f$
Heritage assets. Of the remaining reserves, an Opgratsonal ￿se￿o w89 estsbli5hed to reflect a minimum of 6
months. gr￿ 0￿rat￿)no1 ¢)utgoir￿, together wlth a re8eNe refiectiTrJ Commitment to Projects Ibelng Beckets
Chapel)-
Further detall8 aro Ffovtdod In Note 19 to the Financial Ststements.
Page 5

NORFOLK HISTORIC BUILDINGS TRUST
Company Limited ty Guarantse
DIRECTORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure, govemanco and management
. Con61ituUon
Norfolk Historlc BulldlrvJs Trust is règistered as a charitable c4)mpany liniby by guarantee and was 581 up by 8
Memorandum of Association on 24 January 1977. whKh wero amended by special resolution at extraordinary
general meelings held on 22 February 1990 19 May 2011. The Memorandum and Articies of Assoaation
W8r8 replaced al the 2014 AGM held efj 12 Seplemt*r 2014. A special resolution was presented to th8
members at the 2023 AGM on 11 December 2023 to aff*nd the Arttcle8 of Association as folh)w8.'
i) the maximum numb¢r of Dire¢torn be increased frMI tWe￿e lo frfteen.
ill Directors hwng completed temis of thraé years should be pemiitted to serve further three year terrns
with the unanimous agreement of the other tAfeciNs (the forrnor ArtKJ&s requirod 8 Director to retire after
serving tsvo Ihrefryear terms).,
Illl The chairman heving complelgd ¢)ne fve-year term Should be pernltted lo serve further 8uch hvovyear terms
a$ unanlmously agreed by th8 Director8 (the f0m￿r ￿tiCleS requlred the ¢halm)an to rellre from that rolg aftgr
five*year t8nn).
b. M•thod8 ol appolntm•nt or •l•ctSon of Dlroetorn
The management of Ihe Tru8t 1$ the rejponsibllity of the Diroctofs who are elecled and Covopled under thé
terms of the Memorandum ofAssociation.
c. Organlsallonal 8tnKturn and dec581on4naklng pollclo8
The Directors of the Trust forni its management committee and me81 befvleen four and six limes por year to
consider pollcy issue8 or the acquisition and restoration of yopertie5. They abo make deosions regarding
èxpéndituré on all matters éxcept th080 of a mutine adminislrallve nature. CK those 5cheme8 previously
approved.
d. Pollcles adopled lor Ihe Inductlon arKI tralnlng of Dirnctor8
1118 a requirement of the Article8 of A8swial*y) thot Ihe Directors musl be members, and they are therefore
already fulty aware of the aims objectives of the Trust and the way in which ti operates. Al Directors are
experTenced in their respective fields of expertise. and in tho raquirements and respon8ibilitie8 of acting as a
director I tru819e.
. Flnanclal rlBk management
The Directors have assessed the major rk8ks to whld) the Trust is exposed, in particular those reLgled lo the
op8rations and finances of ihe Trusl a￿1 are satk8f*d that systems and procedures are in plaGe to mitigate
exposure to the major risks.
PJlember8' Ilablllty
The Members of the Trust guarantee to contribut8 an amount not exceeding £1 to the a￿18 of th? Trust in the
event of y￿nding up.
Page 6

NORFOLK HISTORIC BUILDINGS TRUST
(A Company Limited by Guarant¢9
DIRECTORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 ￿RCH 2024
Statement of Dlrectorn. rospon8ibllltleo
The Directors {who are ￿90 lh8 dIr￿lor$ of the Trust for th8 purFoses of company law} are responsible for
preparing the Elirectors, Report and the financial ststemtrnts in accordance with aPpI￿able and United
lQngdom Accounting Stsndards (United Kingdom GeneralIyA￿ePted Accounting F¥acticè).
Company lÈw r¢quire8 Oirectofs to prgpara financ4al ststements for eath fi'nancigl ye8r. Under comp8ny18W,
th@ Directors mu81 not approve the financial slatem8nts Un￿8$ they are satisfied that they give a true ond falr
view of the slate of affairs of the Trust and of its incoming resources and application of resources. including 118
income and axpenditure. for that period. In prepwing these financial statements, Directors are requlKed to:
select suitable accounltng polid88 and then appty them consl8t6nt1￿,
observe the methods and principles of the Charilw SORP {FRS 1021;
mak8 judgements and accounting estimatas thal are reasonable arvj prudent
stale whether appfieablo UK Aceounb'ng Standards {FRS 1021 have been followed, $ubie¢t to any
rnalert81 departuw disdos8d and explained in the financial 8talemènts'.
prgpare the financial s1818menl8 on the goirKJ wi¢•rn bas* un*s it is inappropriate to pre6ume that the
Trust will conlinue in busine8S.
The Dlrectors are ￿sponSIble for keeplng adequate a¢￿Unting recor(Is that 8re sufficlent to show and explaln
Trust's transactions and disclose with reasonabkn acturw al any time the financi81 posillon of the Trust and
enable them to ensure that ffinanC￿ 8tal8menl8 corrply with the Companigs Act 2006. They are also
responsible for safeguarding the assets of the Tntsl and heftca for taking reasonable steps for the prevention
and detection of fraud arKI other irregulariti￿.
AFproved by order of the rnembers ofthe th)atd of Directorn and 8ignfJJ on tslr behatl by..
Ha
od
Trustees)
ICh8ir
Date..
21 October 2024
Page 7

NORFOLK HISTORIC BUILDINGS TRUST
{A Company Limitèd by Guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 fiARCH 2024
Independent Examlnetr8 Report to tho Directors of Norfolk Historbc Bulldlngs Trt￿l {Ihe TrusVI
I repJrt to the charity Directors my examinati(￿ of the accounts of ts Trust for the year ended 31 March
2024.
Respon81bllltles and Ba818 of Re￿rt
As the D1￿CtOrS of the Trust (and its directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordan¢e wth the requwements of the Compani8s Act 2006 Ilhe 2006 Acr).
Hawng satisfied mysew lh* the ac0￿nts of the Twsl are required to te aLKliled under Part 16 of the 2c￿6
Act and are eligible for inde￿ndent examinalicffi. I re￿rt in respect of my examination of the Trusvs accounts
carried out under seciion 145 of the Charitw Act 2011 {'Ihe 2011 Act). In carying out my examination I have
followed the Dire¢tions given by the Charity Commission under sectrjn 145151{b) of the 2011 AGt.
Independent Exarninerfs Statemènt
I have completed my examination. I confimi that no Matte￿ have come to my attenth)n in ￿nneCt￿)n with the
examination giving me cause to believe:
accounting records were not kept in re¥ped of the TTr￿t as required by secllon 386 of the 21))6 Act or
the accounts do not accord th¢)se records: or
the accounts do not comply with the accounting requirements of section 396 of ts 2006 Act other than
any requirement that the accounts gNe a Mrue arKI fai￿ vw which is not a matter considered as part of
an independent examination- or
the accounts have rsot been wepared tn accordan¢% Wbth the methots and prinoples of the Statement of
RecommerKJed Practice for accounting and reporting by charities.
I have no contsrns and have ccNne across Tr) other rnatters in connection with the examination to which
attention should be drawn In thiy rep￿1 in order to enaile a understanding of the accounts to be
reached.
This report is made soldy to Ihe Trusvs t*rectors. as a body. in accordanc8 with Part 4 of the Charities
(Accounts and R8ports) Regulations 2008. My work has been undertaken so that I might Stale to the Trust's
Directors those Matte￿ l arn required lo stai8 to them ni an Independent Examiners Report and for no other
purpose. To the fvllest extent permitted by law. I do r￿t accept or assume responsijility to anyone other than
the Trust and the Trusl's Directors a5 a t(xty, for my*Drk ortr this rewrL
Signed=
Dated.. 22 October 2024
Mr F M E Shippam Bsc FCA DChA
PAA Partners LLP
Chartered A￿unlan1$
Page 8

NORFOLK HISTORIC BLIILDINGS TRUST
(A Company Llmited by Guarantee)
STATEMEKf OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDfTURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Total
funds
2024
Tot
fvnds
2023
funds
2024
funds
2024
Income from:
Oonalions and legacies
Charitable actNities
Other trading activibes
Investments
Other ir)come
169.586
167
64M22
169.753
64,822
1.641
491,963
74.314
7,$30
3,821
200
Total Income
171.227
72,519
243.746
570.298
Expenditure on:
Charitable ￿tIvItieS
347259
94273
441,532
350,&99
Totsl oxpendlture
347259
94,273
441.532
350,899
Net movement In fund8
(176.032)
(21,754
(197.786)
219,399
RecOnGllia￿0n of funds..
Total fv￿ls brought foNRrd
Net movement in furKIs
247.854
{176,032)
575.467
(21,7541
8rJ,321
(197.786)
603,922
219.399
Total funds carried forward
71.822
553.713
62S,$35
823.321
The Statement of Financial Acbvibe5 Ir￿UdeS dl gains and losses recognised in year.
The notes on pages 12 to 31 fomi part of these finanoal statements.
Page 9

NORFOLK HISTORIC BUILDINGS TRUST
(A Company Limited by Guarnntee)
REGISTERED NUMBER: 01295328
BALANCE SHEEr
AS AT 31 MARCH 2024
2024
2023
Flxed assets
Tangitd8 assets
Helltage assets
Investments
13
14
15
5,856
38&701
5,310
385, TOI
391.558
391,012
Current assets
Debtors
Cash at bank aThJ in hand
16
49.851
241507
59,283
471.076
29&358
470.359
Creditors: amounts falling due within one
year
17
150,4721
f31.211)
Net current asset8
244.886
439, 148
Tolal assets less ctsrrènt liabilitles
636A44
830, 160
Cr8dilors'. amounts falling due after more
than one year
18
110,909>
(6,839)
T<)tal net aBsets
625.535
823,321
harlty funds
Restricted fvnds
Unrestricted funds
19
19
71,822
553.713
247.854
575,467
Total funds
625.535
823,321
The Trust was entiued to exenwion frcxn au(fit under SeC￿n 4T1 of ts Compani8s Act 2006.
The members have not requir2d the company to obtsrn an 4￿J11 for tho year in question in accordance with
section 476 of Companies Act 2006.
The Directors acknO￿dge the￿ responwknlilies for ecMnrAw'ng with the requirements of the Act wih respect to
accounting records and preparation of financial slatements.
The finar￿la1 statements have LEen prepared in accordance wilh the provisions 8Fvlicable to entities subject to
the small companies regi￿￿.
Page 10

NORFOLK HISTORIC BUILDINGS TRUST
IA Company Llmlted by Guarantee)
REGISTERED NUMBER: 01295328
BALANCE SHEET (CONTINUED)
AS AT 31 PaARCH 2024
The fln8ncial Statements were approved and auth￿78￿ for issue by tha DireclorB and signed on thelr behalf by..
M Harwood
air of Trusleesl
Ic
Dale.. 21 October 2024
The notes on pages 12 to 31 fom part of th880 financlal Jtatement8.
Page11

NORFOLK HISTORIC BUILDINGS TRUST
(A Company Limited by Guarnntoo)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General Inforn7atlon
Norfolk Historic Buildings Trust is registsred a8 a charitable o)mpany limited by guarantee incorporated
in England Wales.
A¢¢ounting polklo•
11 Basls ol prnparatlon of Ilnanclal statomenls
The financial statements have been prepared in accordance wSth the Charitles SORP (FRS 102) -
AccounliThJ and Reporting by Charities.. Statemgnt of R8cow￿ended Practic8 applicable lo charities
pteparing their accounts in accordance with the Financral ReForting Slandard applicable in the UK.
and Republic ol Iretand IFRS 1021 (effective 1 January 20191. the Financial Reporting Standard
applicablè In tha UK and Rapublic of Ireland (FRS 102> and thè Companios A¢t 2006.
Norfolk Hlstoric Buildiry Trust meets the definition of a publK benefit enknty under FRS 102. A88ets
and li8bililies aro in((ially recognised al hbtork81 cost or transaGtion valu6 un1•88 QtheM18e 8tated in
the relevant accounting Folicy.
2.2 Incofflo
All income is recognised once the Trust has entIt￿ment to th& income. il is probabl8 that the Incorne
wlll be recelved and th& amount of in03me recelvabl& Can be mèasured rèllabty.
Grants are in¢luded in the Statement of Fina￿1￿1 Adivr(ies on a receivable basis. The balanGe of
Income received for 5pecrf￿ purposes bul not expended during the period is Shown In the relevant
funds on th8 Balance s￿@t Wh8rè incom8 is r8ceived in advance of entitlement of receipt, ils
(4nilion is deferred and inchjded in crediltsrs 85 deferred income. Where entitlomfjnt oc¢ur5
before income is received. the income is accnjed.
Income tax recover8ble in relatlon to Investrnent income 18 re￿anIsed at the Ilme the Investment
income 1$ receivable.
Other inmme 1$ recognised ￿ the perw)d in wh￿h il ty r￿1Vable and to the extent the goods have
been prov￿10d or on completion of the seryice.
2.3 Expendlture
Eypendilure is recognised On￿ there rs a *al or conslructr48 obligalion t¢ Iransf8r economlc
benefrt to a Ihwd paty. it is probable that a Iransfer of economic ben8fi18 WIN be required in
Settlement and the arnount of the obligalion ¢an te measured reliably. Expendiiure is classif￿d by
activity.
Expenditure on charitsble ￿b¥itse8 is incurred on directly undertaking the actmtres which further the
Trusts objective4 as well a5 any a5SWi8ted support costs.
All expendlture is inclusive of irrecover*fe VAT.
Page 12

NORFOLK HISTORIC BUILDINGS TRUST
(A compa￿ Limitod hy Guarantsel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcle6 (contlnu•d)
2A Interost rncelvable
Interest on funds held cffl deposit is indud•J when receiv￿le the amount can be measured
reliably by the Trust this is no￿nalty upan notif•2tion of the interest paid or payable by the institution
th whom the funds are dekK)￿ted.
2.5 Tangible r￿ed aBsets and deprnclatlon
Tangible fixed assets eosting £500 or more are cafftlised ar￿ recognised ￿en future economic
t¢nefits are probabl& and the o)st or value of Ihe asset ean be measured reliably.
Tangible fixed assets ar8 initiafy recognised at c￿t. After recognition. undèT the cost model,
tangbi le fixed asset5 are measured at cost less a￿Umulated depreciation any accumulated
impaimient losses. All cosls incurred lo bring a tsngrt)le fixed asset into its intended working
condition should be induded in the measurement of cost
Depre￿ation is charged so as to albcate the eosl of tsngible fixed assets less their residual value
over their estimated useful lives. using the straight4ine method.
Depreoaticffl is F￿v￿￿ed on the folh)*lng ￿$1$..
Plant and rn￿1nery
25%
16 Hèritsgè assèts
Where heritage assats have been purthased, ty are inibally r￿gnised al cosL After recogntiion,
under the cost m¢2del. heritage assets are m&asured at cost less any accumulated depreciation and
any accumulated wnpaifflient losses.
Where heritage assets have been thnated, they are initially reeognised al a nominal valua of £100
each, whith reflects a variety of attsched IL￿g term encuMbrar￿$. Heritage assets wll be revalued
where a professional valualion inthc*s a value $*3nificanUy in excess of the nominal amounL The
excess of the rev￿￿ed amount over the nOmir￿ amount ks transferred to a revaluation rese￿e.
Al mainlenan¢e expenditure incurred and revenue received in respect of these Properties is
recognised in the income and expenditure account as incurred on an accTuals basis.
Heritage assets are noi deprec4ated. An impamient revithv of prop￿ valualh)ns is condu¢ted on
an annual basts.
2.7 Inve8tments
Fixed asset investrnents are a form of financial instrument and are inrtialty re¢ognised at their
transaction cost and subsequenlly measured at fair vdue al the Balance Sheet date, unless the
value G8nnol be measured reliably in which (2se it is measured at cost less impaimient. Investment
gaing and losses. whether realised or unrealised. are G￿nbined and presente)J as 'GainsllLosses}
on inv8Stments' in the Statement of Fina￿tal Acbvibes.
Investments in subsidiaries are valued at cosl kns prDvision for impaim78nt.
Page13

NORFOLK HISTORIC BUILDINGS TRUST
(A Company Llmltsd by Guarantoe)
NOTES TO THE FINANCIAL STATEPAENTS
FOR THE YEAR ENDED 31 MARCH 2024
Aecountlng poliGies Iconllnued)
2.8 D8btorn
Trade and othèr dèbltY8 a￿ recognised at the sett]ew￿nI amount aft6r any trade di6count offered.
Prepayments are valued at th& amount prepaid nel of any trade discounts due.
2.9 C•8h at bank and in hand
Cash at bank and in haThJ indud•s ￿$h and short-lemi highty I￿Uld Investments wtth 8 8hort
maturity of three months or less from th8 d*e of acquisition or openlng of the deposit or simllar
account.
2.10 Llabllltle8 and prov181on•
Liabilities are recognised when there i8 an oblwJation at the BalarKe Sheet date 88 a r8sull Df 8 past
event. it is probable that a Iransfvr of e￿noMiC b•nèfil will bg required in 8etllement, and the
omounl of thé setuement can be estimated ￿k.a1￿y.
Liabifrties are recognised at Ihe amount that the Trust antiupates il will pay to settle the debt or the
amount11 has receivod aB athanced paymen18 for the goods or 8ervice8 It must provide.
2.11 Flnanclal In3lrument8
Th8 Trust on￿# ha8 financlal as8ol$ and fiD8nclal liabilllies of a kind that quallfy 88 b881c finanGlal
instruments. Basic financial instnjments ara inttiglty recc>anised at tr&nsactitsn vAluè and
xub8equenJy measured al Ihw'r settlement value.
2.12 Pensk)n•
The Trust operates a deftned contrilyjlion pens1￿ scheme thè p8n8ion charge represents the
8mounls paya1￿8 by the Trust to the fund in re8pect cl the year.
113 Fund aecountlng
General funds are unrestrictad funds which are availabl? for u8e al the dlscretlon of the Diractors in
furtherance of the general obieclives of Ihè Tru8t and whKh have not been de8¢gnated for other
purposes.
Des¢gnated lunds comprr¥e unrosIT￿I0d funds that have been set asmle by the Directors for
particular purposes. The aim arKI use of e&h deshJnaled fund is set out in the n¢tes to the financial
RestrKted funds are fund5 whKh ara to be used in accordance with specific restrictions imposed by
donors Of which have been raised by the Trust for particular purposès. The costs ol raising and
administering such funds aro tharged againsl Ihe specific fund. The aim and use of each restricted
fund is Set out in tho Tr)tes to the ffftartial statements.
Pagg 14

NORFOLK HISTORIC BUILDINGS TRUST
IA Company Lknlted ty Guarante•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from donatlons and bga¢i•s
Restrlcted UnreBtrlctsd
funds
fund8
2024
2024
Totsl
funds
Tot
funds
2023
Donalrons
Grants
187
167
169.586
169.586
491,474
Total 2024
169,586
167
169,753
491.963
Tota12Lf23
491.474
489
491.963
Income from ¢haritablg a¢tivlllo5
Unfestrlcted
funds
2024
Total
funds
2024
Totsl
funds
2023
Inc(wne from tharitatAe acbvilw. Charitable aclivi
64,822
74,314
Income from othertradlng actlvits08
Incom? from fvndralslng events
Total
funds
2024
Tofal
funds .
2023
fund$
2024
Fundra181ng
1.641
1.641
P8ge15

NORFOLK HISTORIC BUILDINGS TRUST
IA Company Llmlted by Guarant8el
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Inveslment Incom•
Unrestrlcted
funds
2024
Total
funds
2024
Tolal
funds
2023
Investment income- bank interest
Investment income - other interest
4,583
2,947
4,683
2,947
1.313
2508
7.530
7.530
3,821
other Incomlng rnsource$
Unre8trfcted
funds
2024
Total
funds
2024
Total
funds
2023
Misce118neous
200
Analys18 of ex￿nditure on charltabl8 actlvltles
Summary by fund type
Re8trl¢ted Unrestrfcted
funds
fund$
2024
2024
Total
2024
Tolal
2023
Charitable activities
347,259
94,273
441.532
3￿.899
Tot812023
245,424
105,475
350.899
Paga 16

NORFOLK HtSTORIC BUILDINGS TRUST
(A Company Llmlted by Guarantso)
NOTES TO THE FINANCIAL sTATEmE￿￿s
FOR THE YEAR ENDED 31 MARCH 2024
Anatysls of èxpgnditure on charltablo aclivitses {wDtlnued)
8ummary by expondlthre type
Staff c08ts Depre¢Satlon OtheT Costs
2024
2024
Tt>tal
2024
Total
2023
Charitabk acb￿knes
11.170
3,501
426.861
441,532
350,899
Total 2023
28,Q16
2.426
320,467
350,899
Analy818 of expenditure by xtiyltles
undertaken
directly
2024
Support
Total
funds
2024
Total
funds
2023
2024
Charitable activthes
408.532
33.wo
441￿32
350,899
Total 2023
301715
48.184
Anatysls of dir•ct costs
Total
funds
2024
Total
funds
2023
Property maintenance and operationa] costs
Professional fees
Insurance
391,924
10.458
6,1SO
50,124
244,802
7, T89
408,532
302, 715
Page17

NORFOLK HISTORIC BUILDINGS TRUST
(A Company Llmlted ty Guardntsg)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analy818 of expendlturo by a¢tiv6tles Icontlnued)
Anaty818 of support costs
Total
fund8
2024
Total
lunds
2023
Staff costs
11,170
3,501
5.376
102
238
4.771
143
28,016
2.426
3,748
106
727
5,78T
Depreciation
Irtsurance
Bank charges
Secretsrls expenses
offi￿ *Jministralion
Travel
Govemance costs
7.700
7,031
33.000
48.184
10. Indopondgnt •xamiTherfs romuneratlon
2024
2(T23
Fees payaLle to the Trusvs independent examiner for the in*endent
examination of the Trusvs annual accourrts
615
Fees payable lo Ihe Tn]sf$ independent frxarriw in resFect ot.
All other serV￿e5 not included ajove
6.935
6,416
Page18

NORFOLK HISTORIC BUILDINGS TRUST
(A Company Llmltod by Guararrteè)
NOTES TO THE FINANCIAL STATEMENTS
FOR ThE YEAR ENDED 31 PAARCH 2024
11. Stsff ¢osts
2024
2023
Wages and salaries
Contribution to defined contnbution FÉnsion schttnes
10,935
235
27,580
436
11,170
28.016
The average number of persons eM￿0y&l by the Trust during the year was as follows..
2024
No.
2023
Administralw)n
No emtAoyee re￿Ived remuneration amounting to rnre Ihan £60.000 in either ￿r.
12. Dlreclors. remunèrallon and oxponses
During the ￿ar. no Directors r￿1Ved any remuneration ￿ otsr benefrts (2023- bWIU.
During the year ended 31 March 2024. travel expen¥es t￿￿11￿ f394 were reimburséd or paid directty to
3 Direclors {2023- £343 to 2 D1￿cto￿).
Page19

NORFOLK HISTORIC BUILDINGS TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMEl+lTS
FOR THE YEAR ENDED 31 MARCH 2024
1& Tanglblg fixed assets
Plant and
machinery
Cost
At 1 April 2023
Add￿onS
Di5PD5aL%
16.122
4.047
{1.540)
At 31 March 2024
18.629
Depreclatlon
Al 1 April 2023
Charge for the year
On diswsals
10.812
3,501
(1,5401
At 31 March 2024
11773
Net book value
At 31 March 2024
5,856
At 31 M8rch 2023
5.310
14. Heritage assets
Assets recognlsed al cost
Long.terni
leasghold
property
2024
Freehold
proporty
2024
Total
2024
Carrying value at 1 2023
385.501
200
385.701
385.501
200
385.701
Page 20

NORFOLK HISTORIC BUILDINGS TRUST
IA Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14. Heritag8 assets (continued)
Anatys18 of herftage asset transactions
2023
2022
2021
2020
Purchase8
Freehold propety
35.c￿l
Total add5tlons
35,OD1
tX$po8als
Freehold prop
Long-teThn leasehold prcyety
(200)
(100)
Total disposals
Proceeds from dlsposals
Freehold prq)ety
{300)
19,104
Total Sale proceedB
19,1.04
Heritsge assets are induded In the ffinancial statements as folh)ws'.
The Oulton Manse. Chapel and Coach House have been widuded at a valuation of £350,200. This
comprises a professional valuation of £290.000 in respect of the Manse, at open market value. carried
out by & Macdonald MRICS of NPS Propety C￿ultants Limited. No￿lch, Norfoll( on 14 Jun8 2002..
and a Directors. valuation of £602IyJ for the Clwel and Coxh House.
The freehold of Bed(et's cha￿1. purchased in 2tY22. has teen induded at a cost of £35,001.
The Directors have considered the vakJaI￿ of the ou11c￿ prcwtres aThJ BeckeY$ Chapel and believe
that they might well be less than mark8t wakJ8. ￿(￿¥ever the Directors are reluctant lo incur the cost of
having professional vabjations carfsed OUL
The following pr(wartias are I￿ed at a nominal value of £1￿ eac*L'.
Frè8hold- Homersffidd Bridge: Littl? creSs￿9h￿ WAndmill: ThUrtC￿ Lodges.
Leasehold- Fakenham Gas Work8., Waxham Bam.
Page 21

NORFOLK HISTORIC BUILDINGS TRUST
(A Company Lirnited by Guarantsè)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15. Flxfjd asset InYe5tmonts
Investments
in
subsldlary
companles
Cost orvaluatlon
Al 1 April 2023
At 31 March 2024
Not book valué
At 31 March 2024
At 31 PA8rch 2023
Prlncipal subsldiaries
The following was a subsldKqry undertaknng ofthe Trust
Name
Company Rqg15tsred Offi￿ or prfnclpal Class of Holdlng
numb
place of buslngss
shares
NHwf Trading C(irnpany Limited 13094328 88ckeVs Ch¥*i. 2 Church
Street Wyrnondham, Norfolk.
NR18 OPH
Ordinary
lo￿
The finanual resulis of the subsKliary for the sear werw.
Narne
Net assots
NHBT Trading Comp8ny Limit&
NHBT Trading Company Limited was incorKMJrated ￿ 21 DeCem￿r 2020 and remained dormant to 31
March 2024.
Page 22

NORFOLK HISTORIC BUILDINGS TrUST
(A Company Limited by Guarant••)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
16. Debtorn
2024
2023
Due after mor• than ono y￿r
other debtors
18.338
28,338
16.33
28,338
Duè wlthln ono y••r
Trade debtors
Other debtors
Prgpayments and Inc(
6,356
10,971
14,166
1,375
29,570
49,861
59,283
17. Credhor•: Amounts faulng dug vAthln on• y•ar
2024
2023
Trade ¢redilors
Amounts owed to group und8rta(ir
Other taxation and soclal secunty
Ac¢rual8 and deferred Inc(
11,564
4,Of5
426
26,709
38,830
50,472
31.211
2024
2023
Deferred income at 1 April 2023
Resources delerred dunng the year
Amounts released from previous perpxls
31,249
37,646
(21,0071
43.953
19,353
(32,057)
47,888
31,249
£10,909 {2023 - £6.839) of the deferred income abm relates to weddirMJs to be hgld after 31 March
2025 and 18 therefore dlsclosed in note 18 as ¢kn after more than one year.
Page 23

NORFOLK HISTORIC BUILDINGS TRUST
(A Company Limlted ty Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1& Creditors: Am¢)unts falllng duo aftor more than ono y•ar
2024
2023
AecNals and deferred income
10,909
Pege 24

NORFOLK HISTORIC BUILDINGS TRUST
(A Company Limlted by GuaTantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19. State￿l of funds
Statemenl of fund8 - current year
Balance at
31 March
2024
Balance at 1
April 2023
Transfers
Inlout
Income Expendlture
Unrestrfcted funds
De5ignatsd funds
Maintenance reseNe - Ourton
Chapel. Manse and c(￿ch
H(￿se
Maintenance reserve-
Thurton Lodges
maintenan￿ reserve-
Homersfield Bridge
Mainten8nee resefVe-
Waxham Great Barn
Heritagè assets reserve
Commiknents lo projects
Operational re8eNe
50,000
50,000
10,000
10.000
6,000
(4000>
60.000
385,701
9,603
45.000
385.701
16￿99
45.000
16.996)
572.300
{6,996)
(S,OODI
560,31M
General fund8
General Funds
3,167
n.619
(87,27Y}
5.000
16.591)
Total u￿r￿iGtQd funds
$75.467
72.519
194,273>
553.713
Page 25

NORFOLK HISTORIC BUILDINGS TRUST
(A Company Limltsd by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 IAARCH 2024
19. Statement of funds Icontlnued)
Balance at
31 March
2024
Balance at 1
Aprll 2023
Translers
Inlout
Incom• Exp8nditsre
Restricted funds
BeckeV5 Chapel
247
171227
(347.259)
71,822
Total of funds
.321
243,746
(441,532)
625,535
The designated maintenartr reserye funds are based on proi*d fuiur8 maintenance and restoration
costs.
Funds have been designated to a Herftsge assets rnserve reftecting the fact that the Trusvs herilage
assets, principally compr5siro the ffeehold inlerests al Oulton (Manse. Chapel and Coach House) which
are induded on the TTU$t's ba1￿ce sheet at £385.701. ate pennanent in nature and are unllkely to be
realised on the medium to longer le￿.
The commllments to pro1￿tS d￿gnation relales to BeckeV5 ChaFfjI and the fxt that through the
grant application process on Phase l. it was antsapated that there woukl be an expectstionlrequirement
that the Trust ¢ommitt&J an element of its funding to the prEyecL
The operdtional reserve has been estabfthd lo supp)rt the Trust should irKomo streams no longer
be avwlable and provide suftient reserves to C4)ver th8 gross ¢Jist base for a period of six month&
Page 26

NORFOLK HISTORIC BUILDINGS TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19. Ststem•nt of tund8 (contlnued)
statement of funds- prlor year
B8lan¢% al
31 March
2023
Balance &t
1 Apnl 2022
rransfers
irllout
Income Expenditu
Unre8trlcted funds
Designated funds
Maintenance reserve- Oullon
Chapel. Mansa and Coach
House
Maintenance reserve-
Thurton Lodges
Maintenance reserve-
Homersfield 8ridgè
Maintanance reserve-
Waxham Great Bam
Heritage assets re5etve
Commitments lo projects
Operational reseNe
50,000
50.000
10.000
10,000
&ooo
5.000
60,000
350.7tXI
46,000
45,000
60.000
385,701
16,599
45.000
35,001
(29.401)
566.700
5,600
572,300
General funds
General Funds
29,418
78.824
(105,475J
400
3,167
Totsl Unrèstrioted fund8
596,118
78,824
(1Q5,4T5)
576,467
Page 27

NORFOLK HISTORIC BUILDINGS TRUST
(A Company Llmiled by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 IIARCH 2024
19. Stat•m•nt of funds (conllnued)
Balance al
31 March
2023
Transfe
l Apn7 2022
Inccvne Expenditu
Restrfcled funds
Be¢kefs Chapel
491.474
(245,424J
(6,000)
247,854
Total ol funds
fA)3.922
570.298
(350,899)
823,321
Page 28

NORFOLK HISTORIC BUILDINGS TRUST
IA Company Llmit¢d by Guaranto0)
NOTES TO THE FINANCIAL STATEMENT8
FOR THE YEAR ENDED 31 MARCH 2024
20. Summ•ry of funds
Summary of fund8- currènt year
8alanc• at
31 March
2024
B•laTrG¢ at 1
Aprfl 2023 .
Trnnsfer8
Inlout
Income Expeftdltum
Designated fvnds
General funds
R66tricted funds
572,300
3,167
247.854
(6.9961
IB7,2771
(347,2591
15.000)
6.000
660,304
(6.5911
71.822
72,519
171227
823.321
243,746
1441,532)
625,535
Summary of tund• - prfor y••r
8al*n¢o al
31 M8rch
2023
19al8n¢e al
l Ap￿ 2022
Trnnsfe
In/oul
Incc¥ne Expenditurè
Designated funds
Genèol funds
R6811i¢ted fvrKI$
566, 700
29,418
5,600
400
(6,000)
572,300
3,16T
247,854
78,824
491,474
f106,475)
(245,424)
603,922
570.298
(350.899)
823,321
Pa98 29

NORFOLK HISTORIC BUILDINGS TRUST
(A Company Limited by Guarantèo
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
21. AnalyBls of net assels beiween funds
Analysi¥ of net assets betsyeon funds- current perfod
Restrktad Unre8tricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Fsxed asset investments
Heritsge assets
Debtors due after fflore than one year
Current assets
Cre(lilors due wthin one ye
Creditors in more than one yoar
5.856
6.856
385.701
18,338
205,198
150.472)
110.9091
385,701
18,338
2TI,020
ISOA721
ItO,9091
71.822
Total
71,822
553,713
625,535
Analysis of net assets betwoon funds- prlor period
Restricled UnRthcled
funds
funds
2023
2Q23
Tol81
lunds
2023
Tanglble fixed assets
Fixed asset investments
Herilage assets
D8blors due after rn￿e than one year
Current assets
Creditors due ￿rythIn one year
Creditors due in more than one year
5,310
5.310
38& 701
28.338
194, 167
(31.211)
(6.839)
385,701
28,338
442,021
(31,211)
(6,839)
247.854
Total
247.854
57&46T
823.321
Capltal commltm8nts
2024
23
Contracted for but nol provlded In financlal statBmonts
Acquisibon of fixed assets
32.962
Page 30

NORFOLK HISTORIC 8UILDINGS TRUST
IA Company Umited by Guaranto?)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
23. Pen8ion commltmonts
The Trust operates a defin&J ￿ntribUlKIn pension scheme. Thè assets of the scheme a￿ held
separatety from those of the Trust in an iftdyndently adrninistered fund. The penslon cost charge
represents contributions payable by Ihg Trust to the fund and amounted to £235 {2023 - £436}. No
contrbbutions wera payab￿ to the fund at the balance sheet dale.
24. Oth•r flnanclal commitments
The Trust entered into a contract for Urgent repair workg at Be¢keVs Chapel In a prfor perfod. The
contracted value of the works is £S5D.861. The V•yJrks w8r8 completed during the financial year to 31
March 2024 and the bulldlng has been u8ed for varKNS actsvitss during thls financlal year.
The only remaining element 18.the inspection by the arChI￿¢t lo ￿Thfirm thal the work8 have been
88ti8factority completed and release the approximate £12.Crf)O ret8ntKIn.
Related party tran8•¢tlons
Detsi18 of ￿TeCtorS, rernuneratk￿ and expenses gre given in note 12. There wern no Other related party
tran88Ctions dunng the year and théra w•ra no b8lance8 uwing t*t4¥een related pa￿8$ and tho Tru61 at
31 March 2024.
Page 31