Reglstered number. 01295328 Charity number. 273702 NORFOLK HISTORIC BUILDINGS TRUST (A Company Llmlted by Guarnntee) UNAUDITED DIRECTORS. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 KItARCH 2025
NORFOLK HISTORIC BUILDINGS TRUST IA Comp4ny Umlted by Guarantee) CONTENTS Page Reference and Admin15tratlve Detsll¥ of the TruBt, Its Dlreclors and Advlserg Dlrnctors, Report IndependMt Examln*s Report Congolldat¢d 81alement of Flnanclal Actlvltlei 10 Cohsoldated BalanGo Sheet Trust Balance She•t 13-14 Notm to tb• HnanGlal Statements 15-34
NORFOLK HISTORIC BUILDINGS TRUST IA Company Limlted by Guaranteel REFERENCE AND ADniiNISTRATIVE DETPJLS OF THE TRUST, ITS DIRECTORS AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Dlrector8 MrA J B8mes Mr C J Codling Mr B F Gilw Iwlgned 14 Awt 2tf251 Mr R Halsey HarwcKKI. Chair Mr T Hickman Smith Mr S M Jaggard (appointed 22 July 2D24) Mr M Lajnchbury (resigned 22 April 2024) Mrs H C Leith Mrs R S Martin Mrcmaw MrJ Pa MrA J Power Mr G Stwnp Company reglstered number 0129&328 Charfty reglstered number 273702 Registered office Becket's Chapel 2 Churth Street W(y1dhaM Norfolk NR18 OPH Company secretary SAP Accountants KIA PartneT5 LLP Chartered Accowrt*ts 7 The CEose Norwich Norfolk NR14DJ Page 1
NORFOLK HISTORIC BUILDINGS TRUST (A Company Limited by Guaranteel DIRECTORS. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Directors present their annu4 repcvt together with the financi4 statèments of the Trust lor the year 1 April 2024 10 31 March 2025. The Annud Rewt serves the purwses of both a Direciors, report and a dtreclors, report under company law. The D1ctorS C4fim1 that the Annua Report finanual statements of th& charitable company CcfflY wlth tho current ststutrmy rrnts, tha reqUirents of the charitable compan8 govenmng document and the provlsions of the Statent of RecLnmendèd Practice ISORPI applicable to charitses preparing ther accounts in c(rfan ryth the Finartial ReFQrting Standard applicable Sn the UK and RepUl1C of I[eld {FRS102) (effedive 1 janu 2019). Since the and th8 Trust quakfy as small MIer sedion 3&3 of Ihe C¢)mpanies Acl 2006, Ihe GrDUP Strategic Report requlred of merfiwn and large companies Companies Act 2008 (Strategic Report and Directors. Report) Regulations 2013 has (rritted. Oblectives and actlvltle8 a. PolGles and obJectlves ThE objects for whith the Trust was establshed. as set ¢xrt in the Memorandum of Assoaalion, are to PreSee for the benBfit ol Ihe people of the County of N¢xfc& of the nalion at Ige. whatever of th8 historical, archlteclural or constructiona heritage may est in arouTrJ Ihe Ccmjrty of Norfok in the fomi of (8) bLHldings of particJJlar beauty historical, arthrteclural or cr87 Intere5(. (b) anuent mornmenls", and Ic) 18nd of particu18r beauty or hlstorlcal interesf,. In setting objectives and Flemning for thties. the tirectors have given du8 consideration It) general 51dance published by the Charity Commission relating trj 1C benefiL indudirvJ the guidance 'Public benefit". running chty {P82)'. Actlvttles undertaken to achleve objecllves The main 8CtiMty for athiwng the above otq'eclive5 is the pJrth8se or lease of properties faiing into thB above definitions, which are often on the Buildings at Risk Register, and then arrangirNJ and funding their remvallon to be followed by a sthsequent sate. However. because of the natu of the prop Mark and the number of important builthngs which have Mited no resale vau8. a subsequent sale 15 nol alway5 PU5sible and as a result the Trust has a number rA bu'ldings that il retain& Som8 of these are open to Ihe public and, in some cases, they can be oparatsd by 'armS or by 5uEAen. Page 2
NORFOLK HISTORIC BUILDINGS TRUST (A Company Llmlted by Guaranleel DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2L125 Achlevements and perfomiance . Maln achievements Of tha Tnmt and plans forlhe f4rtuM Since it8 formats'c in 1977, thè Trust has compleled over 20 8chemes of restoraOn 8nd taken on reswnslblllty for the day-to-day care and management of several other hlslortc buildings and structures. During 202412025 the malorily ol th8 Tnjst's attentlon and resoure8$ were focused on.. C8nylng out m8lntenance and repalrs al the Trusfs proPee6 as requlred. We have s81 up a subsidiary trading company which undertook lo account for and report on the Irarfing Scttvlllès of Waxham Bam in the ye¥ lo March 2025. Historic Norfolk conUnue8 lo be responsible fcrthè maintenancè of thase properties. We have recelved Ilsted bulldlng consent and planning p8Th1s8lon for Phase 2 of the Becket's Chapel project. We have also Started work on the buslness case nece¥8ary lo obtain fundlng for this work. This proposal Indudes a modem extension lo the chapel housing a café and modem facllilles and storage. Green lechnologles wlll ts8 used lo power the whole buSldlng In line wllh the N8t Zero principles being adoptéd. The rninimwn capStal Gosl of Ihls project18 cuffentty £1.3 rrlllion. A conllnulng concem for Olrectors Is 10 8nBure that the Trust has suffldenl reserves In place lo.'11 me81 ongolng malnlenance responsiblli1188 and pot8nllal repalr costs for Ils prop8rUes, especlally those of Illle or no Income- generating pDt8nlial111 prow'de limited fundlng for potenllal new projects, such as Becket'8 Chapel. With Ihls In mind, the TnJ8118 now looklng to acllvely fundralse for repalr works, rovenu8 fundlng lo cover day ID day overt)eads Gonsidenng ways of gen&ratlng more Incame from Its prOpee8. Salhou8e Station and Greater Anglla station malntenance Strategy The campaign to Save Salhouse Station has lolned a rnuch broader movemenl lo determine the fUle of our remainlng bulll rallway hgritsge. Involving SAVE Britain's Herflage. and led by the Chairm8n of Suflolk Building Preservation Tnjsl, Pler3 Hart (Brandon Ststion in Suffolk became a cause célébre because of Greater Anglia R8iIw8y's attempts lo demolish it, despllè b&ing Ilstedl. In September 2023 a team of supporter5 met the then R811way Minisler, Huw Merriman, In W951minster lo highlight the Flight of many of these bulldlngs and to detemiinè policy for their futUTe u3e. Meanwhile, Greater Anglia has halted all demolition and replacement by bus styte shelters. Since the change in government. we no longer have acce88 to the relevant minlsler. but we continue lo work with SAVE and HlstoriG Suffolk lo put pressure on thé train operators lo ensure no more valuable rallway h9ri1age Is destroy8d. Becket's Chapel This forrnerty sémi-r8dundI Gradè l-llsted and "Al Risk" building is located in WywDondharft town eentr&. The Trust acqultsd the chapel In Septefflber 2022 having secured in exces3 of 2700,000 in grant funding for major rep&irs and an upgrade 8S the first phase of the project This work was completed in the gLMnmer of 2023 and the building has been romovgd from the Héritage al Risk Reglsler. Thi8 project18 a trail blazer for the Trust and for Historic England in that it incorporates elements that support the drtve to Net Zero. These Include roof insulation, requiriT)g Ihe ralsing of the roof. and undeTAoor insulallon. Becket's Chapel Is one of only seven properti&s In England whlch fOS part of the Historic England caso study on the adapts'on or relrofll of Ilsled buildings. In April 2025 we were thpients of a Civlc Trust eonservation award, for th8 outstandlng work on the rep81r and conservaliDn of the budding. Page 3
NORFOLK HISTORIC BUILDINGS TRUST (A Company Llrnfted by Guarantee) DIRECTORS. REPORT ICONTINUED) FOR THE YEAR ENDED 34 MARCH 2021 Achlevements and performance (contlnuedj The proposai for Phase 2 Indud8s a modem extension wrfh Improved fadllbes and a Thè exLension wJll also house salar panels and 8lr Source heat wmps w.Ch will promde muth mora affordable electrlcity to tha whole bull(I'ng. We e working with 8 specl81isl consultrt on a fiJndirMJ applicdcffi to the NOnal Loll Hltage Fund whith we hope to submil In August 2025. Waxham Orelt Bam Thi5 continued to operat8 as a w8(kJing and events venu8 With the management Suon1raCted to a third paty. D(rring Ihe y6ar under remew, a iotal of 20 weddlng8 tod( place. generating income of £42,977 for the group. Subsequent lo the balance sheet dale. we have SucssIu11Y raised gant fijnding lo support the renovation of thè roof and tloor whlch help enslre the longw4grm wstainthlity of this imp(¥tanl property. Oulton Ch•pd and Burlal Ground Tha burfal ground, In cory¢11tjn with the chapel. continues to provvje 8 modest bul steady Incom8. One plot purchase and Inlemienl yelded £3.525 dwlrq the year. and a further event ¥lrKe the year end has resulted In a $lmilar level of earryngs. Personnel Dng the year Steve Jaggwd joined Ihe board as a thrector. Stevè Is a marketing speclallstwith a keèn Interest In heritage projects. The Twsl continues to seek new (Irectors wth th8 relevanl knowledge and expèrfence to help broaden the skll 801 on lh8 board and erAt4e li to exp ils inffijanee Involvement h ils work acro8$ the county. Flnancl•l rnvl•w a. 13olng GonGern After making appropriate 8nquiries. th8 Direct$ have a reasonabl& expeclallon that the Trust has adequate resources to contsnue in opwationd estenCe for the forE5eEable futwe. trus reasorL they continue to adopl th8 going basis in prepaArvJ Ihe finarKial statements. Page 4
NORFOLK HISTORJC BUILDINGS TRUST (A Comparty Limlted by Guarantee) DIRECTORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 202S Reserves pollcy The Trusfs reseTves comprise R8slricted reserves {repr8senting fundÈ rec8rved for a 5padfied purposel and Unrestricted reseNes (CpSIng funds dawgnated for Specific puposes al thè discretion of the Directors and General Flmdsl. The Directors review the TnrS Unrestrlcl&d reserves on a Trgulw basis and, prior to the wmmencem8nt of any ma5or scheme, they ensu lha( wherever p0s81blé. thè projeLXed costs w1 bg COV8r&d ty grants and other donations or the Tesale value of the cc*nF4eted scheme. Where INS rewlres a conlnbutlon fTOrn the Trusl, Ihey an5ure that any suth costs to be bome by lh8 TNst are capae of belr¥J covéréd by 8vailabl8 UnrestriGted reserves. Unrgstricled reserves heid for Ihe futwe m8inlenan¢e cl thg Trust's freehdd and lea$eho5d properties ar8 reeWed on a regu18r basis and condlticm retths are corrmlssloned wherg appropriate to infomi the ver8 cl reservès held. In addition, a Heriiage Assets reserve (matching the catyng value of the TTusfs Heritage assets) Is m8lnt81ned. reflecting the fact that there is no current inl8ntlon to dispose of 8ny of Ihe Trust's Herllage ass81& Of th8 remainlng reserves, a) Operational reserve was establish8d to reflecl a minimum of 6 months. gross eralionai oulgrJng8. Flfther detslls are praded In Ntxe 17 to the Flnan(xal Statemenis. Page 5
NORFOLK HISTORIC BUILDINGS TRUST (A Company LimltEd by Guarantee) DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 UARCH 2025 StrUCre, governance and management 8. Constitution Norfolk Historic Buihlings Trust is registsred as a th718e company Mited by guwantea and was set up by a meMandum of AssDaation C 24 January 1977. wCh arnended by special rèsolution at extraordlnary general meetings held ) 22 Fetu I) 19 May 2011. The memoran1m and ATticl8s of Association were replaced at the 2014 AGM held on 12 Septembw 2014 and amended by a special resolutlon at the 2023 AGM. b. Methods of appolntment or elecllon of Dlrecto The management d the Group and the Trust is the reSp¢1ty of tirectors wh) are e]ected and eO&op18d under the tem of the Memorandum ofAssocia1irrfL c. Oryanisadonal strnctuye and declsloTrmaklng pollcles The Directors of the TNst form its management ccrfnmtttee meet betsveen four slx times per year to ongder pc4icy issues or the acquisition and restorati1 of properties. They also make deasions regarding expendilure on dl matiers except those of a rthe •Jmirdstrative natUTe. or those schemes wewously approv1. d. Polkles adopted forthe Imluctlon and trainlng of DlrectOf5 It is a r4uirBment of the Artrdes of Association that Ihe Eirectors must be members, and they are therefore already flY aware the aims and objectives of the Trust and the way in wfach il operates. All Directors are experienced in their respedj.ve fields of experknse. in the re(pllrements wjd responsibdities of acting as a direct l trustee. . Financial risk management Tha Drrectors ha assess8d the major risks to which the Group and the Trusl are exposed. in particular th05e related to the operattons and finances of the Group and th8 Trus( and are satisfied that systems and w(dureS are in place trj mitigate exposure to the rnaior risks. Membern. liabllity The Members of th8 Trust guarartee to conlribute 8mrymt not exceetlyig £1 to th8 assets of the Trust in the event of win(Ing u P8ge 6
NORFOLK HISTORIC BUILDINGS TRUST (A Conyany Limited by Guaranteel DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Statement ol Directors. responslbllitles Thè Dlrectors (who are also the directors of the Trust the purposes of company lawl are respons18 for preparing the Direclors, Repcrt and the find4 statements acrdanCe with applicable law and United lfjngdom Accounting Standards (United lfjngdCn Genwaty Accepted Accounting Practl1. Company require5 th8 re1th to wepare financial Statem for each fmandal year. Under company Iw. the Dlredors musl not approve the financial stalements they are satisfied Ihal they glve a tru8 and fair ew cl the state of affairs of the &DUP and the T and of Iheir ilCDming resources and application of r8sOurs. induding their income and eypenditurq fcK that period. In preparing these financial statements, the Oirectors are requred tr. select silltable accountirvJ pdides then them consistenuy: obs8rv8 the methods and prinryples of Charities SORP {FRS 102)., make judgements and accounting estimates that are reasonAe and Frfudent,. state whether applicable UK ACcting Starthrd5 IFRS 102) have been followed. sthject to any material departures disdosed and explained in the ffnanud statements.. prepare the finarKial statements the gang corKem basis unless it is inapFrcyriate to presume that the Group will conlinue in siness. The Directors are responsible for k88prNJ adew ac¢Mting rec(lS Ihat are Suffiuent to show and Explain the Group and the Trusfs Irdnsaction5 and disdose with reasCab1e aura al any time the finanaal position of the Group and the Trusi and enable them lo ensure that the financrai statements comF4y with the Companies Act 20C6. They are also responsitrAe for safegvarding the assets of the Group and the Trust and hence for taking rea8alle st4)s for th8 prevenlil and detescffi of fraud ar¥J other irregularities. y Drder of the members d the bwd rA DIreCtS stgned on their beha by. arwood Trust88s) Chair L)ate'. 20 October 2025 Page 7
NORFOLK HISTORIC BUILDINGS TRUST IA Company Limlted by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AIARCH 2025 Independent Examlnevs Report to the Dtrectors of Norfolk storIC Buqdings Trnst fthe GTOUP? I report lo the tharity Directors on my èxamination of the consolidated accounts of the Group comprising the Nlxfolk Historic Bullthngs Trust Ilhe par8nt Trusv) and its subd1Y undertakings for the year ended 31 March 2025. Responsibilities and Basls of Report As the Directors crf the parent Trust ld its direcicws lor the Fuposes of company law) you are responsible for the preparation crf tre cs011dald accounts of the Grow in accordance wlth the r8quirements of the Companies Act 2006 llhe 2a06 Acri and yw have di&sen to prepare consolidated accounts for the Group. You are satisfied that the accounts of both parent Trust and the Grow ar& not requwed by either company or charity law to be audited and have chosen instead lo have an ndependent examnalion. Having satisfied myself that the consofidated acc$ are not required to be audited under Part 16 of the 2006 Act and are dilible for indepeTKlent 8xaminati, I reFrf in respect of my examination of the Group's accounts carTied out under section 152 of the Charitres Act 2011 (Ihe 2011 Act). In caryying QLrt my examinallon I have folowed the Directkins given by Ihe Charity c0rrnnissil under section 152{5)(bl of the 2011 Act An independent examlnauon does not invcAve gathering all Ihe evidence that wi)uld be reqUIrj in an audit and consequently does not cover all Ihe matter5 that an audrtor considers in giving their opinion on th8 accounlg. The planning and conduct of an audit goes beyffid the lyniied assurance that an independent examination can prde. Consewently l eXpS no ow'on as to whether the cMsolid8ted aCCots wesent a 'true and f8iY view and my report is limited lo those specific matters set (Ajt tn the independent examinerfs statemenL Independent Examlnets Statement I have comF4eted my examinalion. I clfirM Ihat mattors have coff to my attentn in connection wth th& examination givrng me &quse to befieve: accounting reoYd5 were not kepi in restcl of the parent Trust and its s(knsidiaries as required by see¢)n 386 of the 2006 Ac( ( the accoLJnts do not acoxd with those recd$., or the accounts do not comFAy with the a(LOtr rewtrements of seclion 396 Lrf the 20CE Act other than any requirement that the account5 9.ve a Xfue aThJ Niew which is nol a matter considered as part of an independent eInation. or the accounts have Mt been FKepared in accc¢dan wilh the metr1$ and prinuples of the Statement of Recommend8d Practice for accounb'ng and reptIng by tharities. I have no concems have ¢ce across no (rther matters in connection wilh the examination to which attention should (trawn in tris report in cwderto enabte a proper UnderSdirj of the accounls to be reachecL Pagg 8
NORFOLK HISTORIC BUILDINGS TRUST (A Company Llffllted by Guarantee) INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Thi8 report 18 mada Solely to the Trust's Oirectors, as a boty, In accordance with Part 4 of the Charities (Accounts and Reports) Regulatlons 2a08. My Work has been undertaken so that I might state lo the Trust's Directors those matters l am required to state to them in an Indepandent Examinerfs Report and for no other purpose. To the fullest extent perynilled by law. I do not accept or assume responsibility to anyone olher than the parent Trust and the Trust's Directors as a body, tsr my work or for this report. Signed.. Mr F M E Shippam Bsc FCA DChA MA partne LLP Chartered Accountants Dated.. 22 O¢lober 2025 Page 9
NORFOLK HISTORIC BUILDINGS TRUST Company Umlted by Guaranteel CONSOUDATED STATEMENT OF FINANCIAL ACTMTIES {INCORPORATJNG INCOME AND EXPENDITURE ACCOUNTJ FOR THE YEAR ENDED 31 MARCH 2025 Restrlcted Unrestricted funds funds 2026 2026 Total funds 2026 Tofal fvnds 2Q24 Note Income from: Donations and legacias Oiher trading actiwties Investments 55.395 4262 630 56.025 92,089 9,016 169.753 66,463 7.530 88,837 9,016 Total Income 5&647 98,482 157,129 243.746 Expendlture on: Trading activities Chthtable actlvltles 14,000 85,710 14000 14848 49,138 441,532 Total expendlture 49,138 99,710 148.848 441.532 Net incomellexpenditure) Transfers between funds 9,009 153,347 (1,228) S3,347 8,281 (Ig7,786) 17 Net movement In funds 143,838) 52,119 281 (197.786) Reconclllatlon of funds: Total funds brought forward Net movement in funds 71,822 143,838) 653.713 52.119 626,635 8.281 823.321 (197.786) T(Jtal funds carried forward 27,?84 606,832 633,816 625,535 Page 10
NORFOLK HISTORIC BUILDINGS TRUST (A Company Limlted by Guarnntee) REGISTERED NUMBEK. 01295328 CONSOUDATED ULANCE SHEET AS AT 31 MARCH 2026 2025 2ff24 Flxad assets T8ngible assets Heritage assets 11 12 44998 38&701 5.856 385,701 44699 391,557 Current assets Debtors Cash 8Lbank 8nd in hand 14 49,851 245.7 26Q529 295,358 Current Ilabllitles Creditor5: nrtS falling witrin one 15 15Q557) (50,471) Net current assets 209.972 244,887 Total assets less cunent Ilabwes 644,671 636.444 CreditOTS: amounts f81[r due aft [ than year 16 (1Q855) (10,909) Toial net assets 633,816 625,535 Charity funds Restricted luThJs Unrestricted funds 17 27,984 605,832 71,822 553.713 17 Total funds 633,816 625,535 The Trust was entitled to from authi der sedicm 477 of the Companies Act 2c. Tho members have not required the corrpany to artht for the year westion in accDrdanc8 with section 476 of Campanie5 Act 2CI The Directors ath¢wAedge thar re0)ItIeS conWJryrYJ with the requiremerts of the Act with respect to accounling reccth and Fwiaration ol fjnanaal StaterrS. Page 11
NORFOLK HISTORIC BUILDINGS TRUST IA Company Llmlted by Guarantee) REGISTERED NUMBER: 01295328 CONSOUDATED BALANCE SHEET ICONTINUED) AS AT 31 MARCH 2025 The financial 51atemenls have b88n prepared in a¢an¢& with the provlslons applicable to entsles subject to the small companies regim&. The finandal statements wère approved and authorrsed for15sue by the Dirèctors and slgned on their behalf by. Tru8te88) Date.. 20 October 2026 The notes on pages 15 to 34 fom part of these nancial slalements. Page 12
NORFOLK HISTORIC BUILDINGS TRUST (A Company Limlted by Guarantee) REGISTERED NUMBER: 01295328 TrUST BALANCE SHEET AS AT 31 MARCH 2026 2026 2024 Not¢ Flxed as¥etS Tangible o$sets Heril8ge assets Investsnents 11 12 13 48.998 38S,701 5.856 385, 701 44700 391,558 Cuff•nt ass•ts Debtors Cash at bar* and In hand 14 23,634 179,916 49,851 245.507 203,$49 294358 Curvent IlabHltles Creditors.. amounts falllng wthin one year 15 126,376) (,472} Net cuThent 418•ts 178,173 244,888 Totsl a88ets le8B Cunt Ilobthl 811873 636,444 Cradliors.. amounis falllna due after more than one year 16 111121 (10,909) Totsl nèt 18#•t8 61Q761 625,$35 Charlty funds Restricted fund5 Unr6strlct6d lund8 71.822 553.7f3 682,7TI Total fund8 610,761 625,535 Th6 Trust wa$ Èntitléd to 6x8nW¢J) frcm aLrt sec11( 477 ofthe Companle8 Act 21J)S. The membeTS have nol raqred Ihe ccrfnpsny to tan for the year in ryestTron in accordance wrth section 476 of Companies Act 2006. Th8 Dlrodors thowlèdge thelr responsibifities for comFtymg wlth requirEments the Act wtth respect to accounting records 8fKI preparation CIfinCla statements. The financial statements have been pPared n acccrfdm wilh Ihe prov[slg applicat48 to 8ntitses subject to the small companl&s regime. Page 13
NORFOLK HISTORIC BUILDINGS TRUST IA Company Limited by Guarantee) REGISTEREO NUMBER: 01295328 TRUST BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The finanrAal statern&s were aFwyed and authtyised tr issue by tha Directcfs and signèy on their beh811 by.. MYSJMH ru8leas) Date.. 20 Octcèer 2025 The notes on pages 16 to 34 form part of th688 finanaal st8ternts. Pag& 14
NORFOLK HISTORIC BUILEMNGS TRUST IA Company Limlted by Guarafftee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General Infomiatlon Norfolk Historic Buildings Tt is r&Jstered as a ch8rSWe coMpY lknited by guarantse incorporat8d In England and Wales. Accountlng pollclès Z1 Basis of Preparatlon of flnanclal statements The finan81 stalernenls h8ve been preprnl in accordancg with the Charftles SORP (FRS 1021- ACCOling and Reporting by Chariti8s: Slalemenl of Recommended PraCce appllc2ble to ch8rities preparlng their 8CCOLnts in accordance wth the Finanrial Reporting Standard applicable ui the UK ané Republic of IreLand (FRS 1021 leffecive 1 January 20191. the Finanaal R8POrtlng Standard applicable In the UK and Rewthtic of Irdand IFRS 1021 and the Companle8 Act 2006. Norfolk Histori¢ Bulthnp Trust meets the deffinon of a pubtlc benefit entity under FRS 102. A8sels d h'abilities are inithally recows8d at li5torical cast or transaclion valuo unlass otherwlse 81Ated In the relevant acGowling poltcy. The Consolidatèd Statement of Financ4al Adiwtle5 (SOFA) and Consolidatad Balance She8t consolidate the financi81 statements of Ihe Trust and it5 subsidiary undertakn'ng. The results of th8 5ubsldiary are consolKlated on a knne by bne basi& The TnJ51 has taken advantage of the axèrry)tton allad der sect1 408 of Iha Companles Act 2006 and has wesenled ils awn Statemeni of Financjal AcllNitie5 in Ihe8e finan81 st&tements. 2.2 Income All inc(xn8 Is recognised cnce tho Group has errtldement to tho IncLe, tt Is probable that th8 Income wlll be r•Ved and the wn¢)uM cl in¢ryne receiydble can be measLnd rellay. Revenue from venue hlre and èvwrt ser¥ices is reCOlSe when the wed(ilrNJ or event takas place, at point Ihe performarK8 Otlgalions we cornldèréd to have been fulfimed. Deposits and advanc8 payments receNed from cuslomers are inilially recognised as deferred Income within creditors and we released to revenue In the pwfod when tho related evenl occurs. Grants are induded in th6 Consolidated Statement of Financial Adiwts'es on a recelvable basis. The balance of incc(ne received for 5pectfic wrposes bui not expended ring the p8ri0d is shown In tha relevant funds on the Bace Sheet. Where inrJJme is received in advan of entitJement of recelpl, Its recosmition 18 deferred irlUded in ue(&'tors as defeed income. Where enliuemenl occurs before ncomo is r8CeiV8d, lh8 inrome is accmjed. Income tax recoverje in rat to investment income 1$ reGogri$ed at time the inve6lmant incorne is receivabl Cxher income is recognis8d in the period in whith it is r1¥11e and to the extenl the goods have en provided or on complelion ofthe seThi Pa38 15
NORFOLK HISTORIC BLIILDINGS TRUST (A Company Umtt¢d by Guaranlee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Accountlng pollcles (contlnu•d) 13 Expenditure Exp8nditure is recwis&l ance re is a legal ¢y CtrVe obwgation to tran5fw economi¢ benefit to a third party, it is probable that a transfer of economic benefits will be required In settlemènt and the amount olthe obbgation can be measured reliabty. Expenth'lure is dassified by admty. Expenditwe on tharilable actimties is incured on olr8cIIy UTKlerting Ihe 8Ctivitia$ vthich further the Group's objective8, a8 w81 as any assoaated swport costs. expgndllure is indusive of Iec¢)Vernble VAT. 14 Int¢rut roGelv•ble Intere$1 on fund$ hdd deposft is irKkKl8d when recwvable and th8 amount can be measurad rellably by the Group., ltris13 nom)4ty upon nolfficalron of the inlere6t pald or payable by the inslllutlon rflh whcffl the funds are deposrted. 16 Tanglbh Ilx•d as¥•ts and depreclatlon Tangib[8 fixed ass8t5 Costing £500 or more are capllall88d and rècowised when fure economlc benefits we prob8ble and the cosl c value (rf the asyet can be measured reli8bly. Tangible fixed assets are inlllany reeoonlsed at cosL Aft8r racognkion, der the cost mod81. langlble fixed assets are measured at cast less aCcuLated depreciation and any %cumulat8d impaimient losses. Al costs incurred to bring a t¥oibl8 asset Into Its intended working condrtlon ghould be Indu(Jed in the measurement of cosL Depreciation is charged so 8$ to allocate the cost of tangrble fix8d assets less their reSIal value over their estimaled usefijl lives. Un9 the straght4ino method. Depredallon is wovlded on the followkng basbs: Plant arKI mathr 25% 16 Herftage assets Wh8r• h8ritsge assets have been purchased. they are iThtially recognised 8t cosl. After recogniti. under the cost model. heril&Je assets are meaared at lèss iy accumulated depreaation and any accumulated ImpaiEnt losses. Where heritage assets have been dfftated, th8y are inrtiaty reccfjnised at a nominal value of £100 each, wlich renects a vwety of attacthed l¢Mg tetm erubraT&S. Heritage assets wll be revalued where a profBssional valuab'¢n indicates a vaue &gnfficantly in excess Df the nominal amounL The excess of rev81ued ama over the nOmwi amount is transferred to a revaluation reserve. AJI m8inten8nce .expendilwe IncAred and revernB recwved in respEcl of these propertie5 Is recognised in the income and exFendiiur8 account as incurred on 8n accruals basis. Heritage assets we not deweoaled. An impment review of Frywty vduations is conducted on an anwal basi> Page 16
NORFOLK HISTORIC BUILDINGS TRUST IA Cornpany Umlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PAARCH 2025 Accounting pollcles {contlnued) 2.7 Inveslments Fixed asset investments are a form of ffinanaal instrument and are irilially recognis8d at their transaction cost and sub5equendy measured al fair value al the Balanee Sheet date. unless the value cannot bè measured reliabty in which case it is measured at cost less impaimiert Investment gains and losses. whether realised or unreali5ed, are combined end presented as 'GainsllLo$ses) on IDve5tments' in the Consolidated Statement of Financial Actimties. Investments In subsidiaries are valued at cost less provision for impairment 18 Debtors Trade and other debtors arg recognlsed al the selllement amount after any trad? discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 19 Cash at bgnk and In hand Cash at bank In hd indudes cash and short4erm highty liquid investments with a short maturity of three months or less frDm the date of acquisition Dr opening of the deFA)sit or simdar accvunt. ZIO Liabilitie5 and prNilslons Liabilities are recognis8d when there is an obligaJon at the Balance Sheet dalè as a result of a past event. it is probable th81 a transfer of 8conomic benefit will be requSred in s&tdement, and the amount of lh8 settlement can estimated reliably. abilities are recognisÈd at the amaLt that the Tnjst anticipates il wll pay to 5ettl& the debt or the amount it has rèceived as advanced payments for the goods or seNces il must provide. 2.11 Flnancial InstruTnents The Group only has financial assets and ffinanc4al liabilities of a kind that qualify a5 basic finanaal instruments. Basic financ¥al instnjments are initially r8wgni58d at transaction value and sub58quently measured at their setuemenl value. 2.12 Penslons The Group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Group to the fund in respect of the year. Page 17
NORFOLK HISTORIC BillLDINGS TRUST (A Coryiany Limtted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (contlnued) 113 Fund accountlng Generai ftmds are urwp5bicted lunds *fiich are avalatrAe for use al the discretion Lrf the Dlrectors In furtherCe of the general obiethves of the ¢>Dup and wNth have not been d88ignaled for other purposes. Designated fund5 CDrnPri5e unrestricted funds Ihal have been sèt aslde by the DirectOTS for particular purpos85. The aim use of each dognated fund is set OLrt in th• notes to the financial 8latement& Re$trfed furKls are funds wl¥th are to b8 used in accordanca wth specafic restrictions wnposed by donors or which have been rrised by the for particular purposes. The costs ol raislng and admlnlslerfng Such funds we charged against thg specific fund. The aim and use of each restricted Is set out In the notes to tha financial statements. kneoffle fTom donatlons 4nd legacles Restrfcted Unre•trkted fund8 funds 2026 2026 Total fund$ 2025 To181 fvnds 2024 Donations Grants 395 1.025 65,000 167 169,586 Total 2025 55.395 66,025 169.753 Totsl 2024 169.586 167 169,7 Incorne from olher tradlng acllvltle8 Income from fundralslng events Total funds 2020 Tot81 funds 2024 fund5 2025 F(traiSing 3.252 3.262 1.641 Page18
NORFOLK HISTORIC BLNLDINGS TRUST (A CoThyny Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 UARCH 2025 come from other tradlng adlvmes (Cned) Income Irom non ¢hafftable tradlng adl¥ftle6 ume3Cted funds 2025 Total lunds 2026 Tolal funds 2024 Events iTKome- subsirfi Events and rentd incom6- tharlty 43,047 45,790 43.047 45,790 64,822 88.837 88.837 64,822 During the year the events buslnéss was taken LP by the subsi(•y. estment Income unstrICted lunds 2025 Total fund8 2026 Tot81 lunds 2024 Bank interest relyble- carity Other interest reeeivat48- ch•ity Bar& interest receiv*le. SU¢1Y 8.924 2,083 6.924 2,083 4.583 Z947 9,015 9,015 7,530 Analy810 of expenditiwe on charll•ble acthrflle8 Summary by fund type Restrlcted Unre¥trlcted runds funds 2025 2026 Total 2025 Total 2024 Charilable actilfjes 49,138 85.710 134,848 441,532 Total 2024 347,259 94.273 441.532 Page 19
NORFOLK HISTORIC BUILDINGS TRUST (A Company Umiied by Gu•rantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Analysls of expendlture on eharltable a¢tMtles (contlnued) Summary by expendllwe type Total 2025 rotal 2024 2025 2026 2036 Charft8bié •*vities 9,776 17.383 107,689 134,848 441.2 Total 2024 11,170 3,501 428,861 441.532 Anaty¥lJ ol expendlture by act111•¥ vndertaken dlr•dly 2026 Support costs 2026 Total fund5 2025 Totsl funds 2024 Charitable aLtlvitie8 40.898 14848 441.532 Total 2024 408,S32 441,&72 Analysls ol dlr•ct eo8ts Totsl funds 2025 rolal funds 2024 Propety maintell)Ge and Operati1 o)sts Profeonal fg Insurance 42,S85 43,709 7,658 391,924 10.458 6,150 93.950 408,532 Page 20
NORFOLK HISTORIC BUILDINGS TRUST (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysls of expendlture by actlvltles (contlnued) Analysls of support Costs Tolal funds 2025 Tot81 funds 2024 Depre¢Aalion Insurance staff costs AccountarY Office and admlnistration Secretary's expen8e$ Travel Bank charges 47,383 2.810 9.776 8.182 2,235 282 139 3.501 5.375 71.170 7.700 4.771 238 143 91 102 40.898 33,000 Independent examlnerfs remunernlion 2025 2024 Fees payable to the TTUSt's Independent 8xamin8r ftw the independent examination of the TnJst8 annual accounts 795 Fees payable to the Trust's independent 8xamlner in respect of.. All other s8rvices not induded 8bave 6,966 6.935 Page 21
NORFOLK HISTORIC BUILtMNGS TRUST (A Company Umited by Guarartee) NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Group 2026 Group 2024 Trust 2026 Trust 2024 Wages ond $8lsries Contribution to defined contribution pension schemes 10,935 9.608 10.935 235 235 9.776 11.170 9,n6 11.170 The average number of persong emplo>*d ty tho TN•t (kning the yew was as followw. Gro 2025 No. Group 2024 Thi¥t 2025 Tst 2024 Admlnlstralon No employee recelved remunaralion emcdmting to more Ihan £60,000 In eilh•r year. 10. Dlreelor8' rnmuner•llon and expens Dwing the year. no Directors rgcelved any remunerntion ort)ther benefrts (2024- £NIL). During the year ended 31 2025. travel exwses tctslllng £139 wéro rrimbur5•d or paid direclly to 1 'reCtor (2024- £394 to 3 DirecloTrJ. Page 22
NORFOLK HISTORIC BUILDINGS TRUST (A Comwy L1MIe by Guarantee) NOTES TO THE FINANCIAL STATE141ENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Tanglble flxed assets Group and Trust Plant fixlures and machlnery Itttlngy Total Cost At 1 Awl 2024 AdditlDns 11629 831 18,629 60,525 57,694 At 31 March 21Y25 21,460 57.694 79,164 Depreclation At 1 April 2024 Charge for Ihe year 12.7n 3369 12,773 17.383 14124 At 31 Marth 2025 11032 14,124 30.166 Net book value At 31 Marth 2025 S,428 41570 48.998 At 31 Marth 2024 4856 4856 Page 23
NORFOLK HISTORIC BUILDINGS TRUST IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 nllARCH 2026 12. Herftage assets Group and Trust Assets recognlsed at cost Long4èrm leasehold property 2025 Freehold property 202S Total 2026 Carrying value at 1 ApAI 2024 385,501 385,701 385,501 200 385.701 Analysls of heritage a55Et transactlons Group 2025 2024 2023 2022 2021 Purchases Feold property 35.001 Total additlon5 35,001 Herilage assets are Induded In Ihe financial statements as follcws.. Th& Oulton Manse, Chapel and Coath Hous& have been induded at a valuation of £350,200. Thls Comprises a professional valuation of £290,000 in respect of the Manse, al open market value, carried out by E. Macdonald MRICS of NPS Property Consultants Llmlted, Norwch, Norfc4k on 14 June 2002". and a Directors. valuats'on of £60,200 for the Chapel and Coach House. The freehold of Becket's Chapel. purchased In 2022, has been incded al a cost of £35.001. The DlrectDrs have considered the valuation of the Oulton properties and Becket's Chapd and belleve that they mlghl well be less than market value. However the Directors are reluctant to Inwr the cost of having prof8ssiMal valuations carried OLrt. The following prortIeS are induded at a nominal valu8 of £100 each: Freehold - Hornersfield Bridge., Utue Cre8slngham Wtndmill. Thwion Lodges. Leasehold- Fakenham Gas Works,. Waxham Bam. Page 24
NORFOLK HISTORIC BUILDINGS TRUST IA Company Lim5ted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 11 Fixed asset Investments Investments In subsldlary ¢ompanle8 TNSI Cost Additions At 31 March 2025 N•t bookvalue At 31 March 2025 Prln¢lpal sub$ldlarfes The followlThJ w88 4 SdIary underlaking of the TrusL' Nam• Company R•gl8t•red office or prlnclpal Prlnclpal actlvlty nufflber Pla (rf IMMlno8 NHBT Tradg Company Limited 13094328 Becket'5 Chapel. 2 Church CorTwneraal activltleB Street 0ndhrn, Norfolk, of the TN8t NR18 OPH Class ol Holdlng shares Included In con5011dallon Ordinary 100% Yes The financial results of the subslclary for Ihe yearwere.. Income Expendltyre Profiu (Los¥lfor the year Net assets NHBT Trading COmpY MIted 066 (20,000) 24OSS 21056 Page 25
NORFOLK HISTORIC BUILDINGS TRUST (A Cryany Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Fixed asset Investments (Contlnued) NHBT Trading Ccrfry>any Limited was inccwaied on 21 DeCber 2020 commenced tradiro on 1 Awl 2024. 14 Debtors Gnxjp 2024 Trust 2026 Trust 2024 2026 Due after more than one year Other debtors 18.338 8.338 18,338 4338 18.338 8.338 18,338 Due N%lthln one year Trade debtors other debtors 11.654 14677 6.356 10,971 14,186 1,620 13,676 10.971 14,186 PrePayMS and accrued income 33,669 49,851 23.634 49.851 Page 26
NORFOLK HISTORIC BUILDINGS TRUST (A COmY Umlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 16. Credltovs: Am(xmts fallng due thIn one ye Group 2026 Group 2024 Trnst 2026 Twsf 2tr24 Trade credltors Amounls owed lo wp urKlertalqngs other tsxation and 80c4818ety Oth8r creditors Accruals and deferred income 1363 11. 1363 4,001 11,554 4614 432 41148 87 87 38.830 18,925 38,830 5Q,667 50,4TI 26,376 50.472 Group 2026 Group 2024 Trurt 2026 Tmsl 2024 Defeed Income at 1 April 2024 Resources deferred during the year Amounts relea88d from wewou8 periods 47.888 31,900 (28,537) 31,249 37,646 (21.oon 47,888 5,534 124537) 3t,249 37,646 (21,007) 51,251 47,888 24,886 47,888 £10.8SS12024 - £tO,9091 of the deferred income above relates lo weddlngs lo be heid after 31 March 2026 is therefore disdosed in note 16 85 due after mor8 th8n one year. 10. Cr•ditors: Amounts falllng duo •ft•r more than one y Gro 2026 Gnxip 2024 Thist 2026 Trust 2024 Accruals deferred Incomo 10,855 10.909 2,112 10.909 Page 27
NORFOLK HISTORIC BUILDING5 TRUST (A Company Limked by Guaranleel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 VllARCH 2025 17. Statemenl of funds ststement of funds- ciiffent year Balance at 31 Ilarch 2025 Balance at 1 Aprfl 2024 Transfers Inlout Income Expendlture Unrestricted funds Deslgnated lunds Maintenance resefve- Oulton Chapel, Mans8 and Coach House 60,000 maintenCe reserve- ThLYt Lodges maIntenCe re5erve- Homersfield Bridge Maintenance reseTVe- Waxham Great Bam Heritage assets reserve Operational r8ser¥8 1QOOO 10,000 1,000 1.OOLI 60,000 38&701 44000 60,000 386,701 45,000 Commitments to projects 8ed(etVs Chapel- Phase I Bec*etVs Chapel- Phase11 Waxham Bn- roof and flooring renovation 603 (9,603) 35,OOD 34000 10,00 10.000 36,397 s9701 General funds Ger41 FLnd$ 1&591) 199.710) 16.950 9.131 Total Unrestrfcted funds 553,713 98.482 (99,710) 53,347 605,832 Page 28
NORFOLK HISTORIC BUILDINGS TRUST (A Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2D25 17. Statement of funds (contlnued) Balance at 31 March 2025 Balance at 1 Aprfl 2024 Transfer5 inlout Income Expendltwe Re5trkted funds Becket's Chap81 71,822 58,647 149,138) 153,347) 27,984 T¢)tal Df funds 625,535 157.129 1148,848) 633,816 The designated maintenance resèrw8 funds are based on projected future maintenance and restoration costs. Funds have been deslgnaled to a Herftage assets reserve refiecting the fact that the Trusts heritage assets. principally comprising the freehold inlere5t5 at Oulton (Manse, Chapel and Coach Hous81 which arè included on the TTUSt'5 balance sheel at £385,701. are pemianent in nature and are unlikely to be realised on the medium to longer ten. The operatlonal reseNe has been established to support the Trust should incLJme streams no longer be available and provide sufficient re5erve5 to cover the grDSS Cost base for a period of six months. The 8eck8Vs Chapel restricted fund was establi$hed hamng secured grants for the phase 1 repair work to the chapel from Historic England, the Architectural Heritage Fund. Norwith Fieemens C17arity, Tho Pilgrim Trusi The Headley Trust and the Geoffr8y Wauing Charity. During the year ended 31 March 2025, the Charity incurred costs of £53,347 on a chandelierforthe Chapel. As the r8Striclion attached to the fijnds were met upon acquisilion of the asset. a corresponding transfer has be8n made from restricted funds to general funds. The asset wll be held as a fixed asset deprau8ted over its useful lrfe Ihrough general funds. Page 29
NORFOLK STORIc BUILtXNGS TRUST (A COmpY Linthd by GuaThntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 UARCH 2025 17. Statement of funds (contlnued) Statement of funds- prfor year 8alance at 31 March 2024 &an at I Aw712tr23 Transfers inlout Unrestrlcted fund5 Designated funds Maintenance reserve- I10n Chapel, Mans8 aTha cOh HousB .000 maintanar ras8rv8-Thwlon Lodges Maintsnance reserve- Homersfield Bridge Mairrtenance reserve- Waxham Great Bam Heritage assets reserve 8ecketfs Chapel - Phase I 10,0 10,000 (5,000) 60.000 385.701 9,603 45.000 385,701 16.599 45,000 (6,996) 572300 (6,996) (5,O¢YJ) 560,304 General funds General Funds 3.167 72.519 (87,277) &LWQ (6,591) Total Unre5tr1cted funds 5T5.467 72,519 (94.273) 553.713 Pag8 30
NORFOLK HISTORIC BUILDINGS TRUST IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. Statement of funds (contlnued) Balan at 31 twarch 2024 Balance at 1 Apn"12023 Tnre In/out Income Expenditure Restrfcted lunds 88ckeVs Chapel 247,854 171.227 (347,259) 71,B22 Total of funds 823,321 243,746 (441.532) 625.535 Page 31
NORFOLK HISTORIC BUILDINGS TRUST (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 1& Summary offund8 Summary of fund8- eurrent year Balance at 31 March 2026 Balancè at 1 Aprll 2024 Translern Inlout Income Expendlture DèÈlgnated funds General fund8 Reslricted funds 660,304 16,5911 71,822 36,397 16,960 153,3471 596,701 9,131 27,984 98,402 68,647 (99,710) (49,138) 624636 107,129 1148,848) 633,B16 Summary of fund•- prfor year Balance at 31 M8rGh 2024 881anc8 81 1 April 2023 Transfers inlout Income Expendltur& Designated funds Gener81 funds Restricted fund8 572,300 3,167 247,854 (6,996) (8T,277J (347,259) (5.OOOJ 5,000 560,304 (6,591) 71,822 72,519 171,227 823,321 243.746 (441.532) 625,535 Page 32
NORFOLK HISTORIC BUILDINGS TRUST (A Company Umlled by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. Analysls of net 888ets between funds Analysls ol net assets between fund$- euffent year Restrlcted Unre5tr1cted fund5 funds 2026 2025 Total lunds 2025 Tangit4e fixed assets Heritag8 assets Deblors due after more than one year Current assets Creditors due withln on8 year Cre(Alors due in more than iJn8 y88r 48.998 385,701 8,338 224,207 150,55n {10,855) 48,998 385,701 8,338 252,191 (50,5571 110,866) 27,984 Total 27.984 605,832 S3316 Analysls of net a55ets between fund5- prlor y8ar Restt7Cted Unre511iGted funds funds 2024 2024 Tot fund5 2024 Tangible fixed assgls HerItag8 assets Debtors due after more one year Current assets Creditors due within year Creditors due in more than one year 5.856 385,701 18,338 205.198 f50.4Tt) (10,909) 5,856 385.701 Y8,338 277.020 (50.471) fl0,909) 71.822 Total 71,822 553,713 625,535 Capltal commltments Group 2025 Group 2Q24 Contracted for but not provlded In these flninclal statements Acquisition of 18ngle fixed assets 32,962 Page 33
NORFOLK HISTORIC BUILDINGS TRUST (A Company Llmlted ty Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 21. Penslon commltments Tho Trust operates a defined contributlon penslon scheme. The assets of th8 scheme are held separately from those of the Trust in an Indepandgntiy administed fund. The penslon cost charge represents contributions payable by the Trust to the fund and amounted lo £16812024- £235). No contributions were payable to the fund at tha bdance 5h8el dale. 21 Related paty transactlons Detslls of Dlrectors. rerwneralon and expens8s e given Hi note 10. There were no other rela party transactions durfng the year S1 there were no balancés owing btheen related parties and th8 Trust at 31 Marth 2025. Page 34