2022-03-31-accounts - Great Yarmouth Preservation Trust

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Trustees			Dr PP Device
			MrAJ Fakes
			Mr PB Patterson
			Mr BJWilliamson
			Mr M Taylor
			M Fairhead
			PAG Wells
			GE Freeman
			Mr R Price	(Appointed	28 September
				2021)
Charity number			280628
Company	number		01492613
Principal address			135King Street
			Great Yarmouth
			Norfolk
			England
			NR30 2PQ
Registered		office	135King Street
			Great Yarmouth
			Norfolk
			England
			NR30 2PQ
Independent		examiner	Dominic Shaw FCCA
			Aston Shaw Limited
			Chartered Certified Accountants
			The Union Building, 51-59Rose Lane
			Norwich
			Norfolk
			England
			NR1 1BY

			Page
Trustees' report			1-4
Independent examiner's		report
Statement offinancial	activities
Balance sheet			7-8
Statement ofcash flows
Notes to the financial	statements		10-23

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2022	2022	2022	2021	2021	2021
		Notes	6	6	F	f.	6
Income and endowments		from:
Donations and	legacies		124,677	505,851	630,528	202,880	327,713	530,593
Investments			21,831	26,262	48,093	24,898	27,310	52,208
Other income			56,615	53,371	109,986	15,262	14,381	29,643
Total income			203,123	585,484	788,607	243,040	369,404	612,444
~E* dit
Charitable activities			270,679	427,698	698,377	179,500	320,018	499,518
Other			3,805	23,757	27,562		16,724	16,724
Total expenditure			274,484	451,455	725,939	179,500	336,742	516,242
Net (expenditure)/income		for
the year/
Net movement	in funds		(71,361)	134,029	62,668	63,540	32,662	96,202
Fund balances	at 1 April	2021	831,887	214,350	1,046,237	768,347	181,688	950,035
Fund balances	at 31 March
2022			760,526	348,379	1,108,905	831,887	214,350	1,046,237

					2022		2021
				Notes		6	6
Fixed assets
Tangible assets				12		4,104		3,465
Heritage assets				13		1,731,100		1,646,100
Investments				14		1		1
						1,735,205		1,649,566
Current assets
Debtors				15	63,635		79,904
Cash at bank and	in	hand			157,816		137,475
					221,451		217,379
Creditors: amounts		falling	due within
one year				17	(154,951)		(78,708)
Net current assets						66,500		138,671
Total assets less	current		liabilities			1,801,705		1,788,237
Creditors: amounts		falling due after
more than one year				18		(692,800)		(742,000)
Net assets						1,108,905		1,046,237
Income funds
Restricted funds				19		348,379		214,350
Unrestricted funds						760,526		831,887
						1,108,905		1,046,237

					2022		2021
				Notes	F		8
Cash flows from operating			activities
Cash generated from operations				23		108,194		2,928
Investing	activities
Purchase	of tangible fixed assets				(1,746)		(1,030)
Purchase	of heritage assets				(85,000)		(346,600)
Investment	income received				48,093		52,208
Net cash	used in investing		activities			(38,653)		(295,422)
Financing	activities
Repayment of borrowings					(49,200)		340,000
Net cash	(used in)/generated		from
financing	activities					(49,200)		340,000
Net increase in cash and cash equivalents						20,341		47,506
Cash and	cash equivalents	at beginning		ofyear		137,475		89,969
Cash and	cash equivalents		at end of	year		157,816		137,475

Donations	and legaci	es
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2022	2022	2022	2021	2021	2021
		6		6		6	6
Donations	and gifts				17,940		17,940
Grants		124,677	505,851	630,528	184,940	327,713	512,653
		124,677	505,851	630,528	202,880	327,713	530,593
Investments
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2022 6	2022 6	2022 6	2021f	2021 6	2021
Rental income		21,786	26,262	48,048	24,704	27,230	51,934
Interest receivable		45		45	194	80	274
		21,831	26,262	48,093	24,898	27,310	52,208

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2022	2022	2022 6	2021f	2021 6	2021 6
Yare Gallery		23,874		23,874
Tower Income			21,354	21,354		10,035	10,035
Other income		24,893	32,017	56,910	8,097	4,346	12,443
Management	fees	724		724	4,051		4,051
Skippings gallery		1,017		1,017	1,500		1,500
Car park fees		6,107		6,107	1,614		1,614
		56,615	53,371	109,986	15,262	14,381	29,643

					Charitable	Charitable
					Expenditure	Expenditure
					2022	2021
						E
	Staff costs				82,047	49,198
	Depreciation		and impairment		1,107	1,155
	Rates and	water			4,300	1,814
	Insurance				27,922	22,172
	Advertising				2,244	148
	Materials	and	Labour		5,484	6,406
	Travelling				6,455	2,376
	Equipment				33,186	16,234
	Conservation		costs		163,237	193,000
	Tools and	Volunteer expenses			401	178
	Professional		fees		119,426	73,669
	Sundries				4,953	4,325
	Repairs and		renewals		154,659	53,340
	Training				1,133	296
	Light and	Heat			13,031	3,728
	Rental charges				743	357
	Yare Gallery				14,959
					635,287	428,396
	Grant funding		of activities (see note 7)		7,500	22,500
	Share ofsupport costs (see note 8)				54,615	47,782
	Share ofgovernance			costs (see note 8)	975	840
					698,377	499,518
	Analysis	by	fund
	Unrestricted		funds		270,679	179,500
	Restricted	funds			427,698	320,018
					698,377	499,518
7	Grants payable
					Charitable	Charitable
					Expenditure	Expenditure
					2022	2021
	Grants to	institutions:			7,500	22,500
	Charitable	Expenditure

Support costs	Support costs
		Support	Governance	2022	Support	Governance	2021
		costs	costs		costs	costs
		6				6
Postage and	Stationery	4,104		4,104	405		405
Sundries		6,535		6,535	3,336		3,336
Bank charges		346		346	228		228
Software Subscriptions		1,397		1,397	638		638
Secretarial and
administration		28,612		28,612	34,432		34,432
Accountancy	and VAT
advice		2,805		2,805	2,820		2,820
Bookkeeping	fees	6,250		6,250	5,247		5,247
Legal fees		4,566		4,566	676		676
Auditor's Remuneration			975	975		840	840
		54,615	975	55,590	47,782	840	48,622
Analysed between
Charitable activities		54,615	975	55,590	47,782	840	48,622

		Unrestricted	Restricted	Total	Restricted
		funds	funds		funds
				F
		2022	2022	2022	2021
Loan	Interest	3,805	23,757	27,562	16,724
		3,805	23,757	27,562	16,724

The average monthly number ofemployees during the y	ear was:
	2022	2021
	Number	Number
Assistant Heritage Officer
Heritage Project Manager
Yare Gallery Curator
Total
Employment costs	2022	2021
	6	f.
Wages and salaries	77,614	47,986
Social security costs	2,846	156
Other pension costs	1,587	1,056
	82,047	49,198

12	Tangible fixed assets	Tangible fixed assets
				Computer	Equipment
					F
	Cost
	At 1 April 2021				7,388
	Additions				1,746
	At 31 March	2022			9,134
	Depreciation	and impairment
	At 1 April 2021				3,923
	Depreciation	charged	in the year		1,107
	At 31 March	2022			5,030
	Carrying amount
	At 31 March	2022			4,104
	At 31 March	2021			3,465
13	Heritage assets
	At 1 April 2021				1,646,100
	Purchases				85,000
	At 31 March	2022			1,731,100

Cost or valuation
At 1 April 2021 &31 March 2022
Carrying amount
At 31 March 2022
At 31 March 2021

	Other investments	comprise;	Notes	2022f	2021f
	Investments in subsidiaries		22
15	Debtors
	Amounts falling	due within one year:		2022	2021f
	Trade debtors			20,932	48,375
	Other debtors			42,703	31,529
				63,635	79,904

			2022f	2021f
Other loans			723,200	772,400
Payable	within one year		30,400	30,400
Payable	after one year		692,800	742,000
Amounts	included above which	fall due after five years:
Payable	by instalments		571,200	592,400

Creditors: amounts	falling due within one year
		2022	2021
		f	f
Borrowings		30,400	30,400
Trade creditors		92,191	24,132
Amounts owed to fellow group undertakings		62	405
Other creditors		783	1,577
Accruals and deferred	income	31,515	22,194
		154,951	78,708
Creditors: amounts	falling due after more than one year
		2022f	2021f
Borrowings		692,800	742,000

		Movement	in funds		Movement	in funds
	Balance at	Incoming	Resources	Balance at	Incoming	Resources	Balance at
	1 April 2020f	resources f	expended f	1 April 2021 f	resources f	expended p	31 March 202fl
32/33 Baker
Street,
Golderston	25,634	2,915		28,549			28,549
Other
properties	65,000	6,500		71,500	6,500		78,000

Restricted funds						(Continued)	(Continued)
Cemetry
project, Great
Yarmouth	(329)			(329)	27		(302)
133King
Street, Great
Yarmouth	51,057	9,893	(7,887)	53,063	12,195	(8,048)	57,210
135King
Street, Great
Yarmouth	(11,133)		(3,982)	(15,115)			(15,115)
Estonian
Exchange	1,553			1,553			1,553
Hopton
Project	(32,372)			(32,372)			(32,372)
Bulgarian
Exchange	17,863	13,499	(2,091)	29,271	9,000	(7,688)	30,583
Town Wall,
Great
Yarmouth	(8,542)	48,539	(49,261)	(9,264)	5,989	(11,131)	(14,406)
South East
Tower	24,917	21,369	(9,345)	36,941	33,521	(7,803)	62,659
StJohns	(22,478)	1	(4,734)	(27,211)	8	(5,369)	(32,572)
StJohns-
Hassocks	(168)			(168)			(168)
Winter
Gardens	(70)			(70)			(70)
33 King
Street	14,185	8,001	(15,666)	6,520	6,688	(3,181)	10,027
Great Places/
Rows	16,550	5,276	(1,434)	20,392			20,392
Coastal
Revival-rows	(5,756)	5,756
Coastal
Revival-Town
Wall	(13,680)	13,742	(135)	(73)			(73)
Great
Pleaces/Scor
es	(4,946)	6,276	(814)	516			516
King Street
Development	(3,085)			(3,085)			(3,085)
Market Place	2,607			(3,085)			(3,085)
North West
Tower	1,896		(1,838)	58		(7,023)	(6,965)
Pinnacle
Tower	4,923	18,633	(15,675)	7,881	6,211	(10,679)	3,413
160 King
Street	(17,576)	174,187	(183,591)	(26,980)	215,443	(178,469)	9,994
Hemsby Barn	77,785	2,942	(17,420)	63,307		(27)	63,280
Coastal
Revival Fund
Wellesley	(3,198)	5,003	(1,805)		28,000	(26,000)	2,000
Future High
Street
1/isualisations	1,515			1,515			1,515
Heritage
Action Zone	(14)	14,552	(481)	14,057		(2,802)	11,255

19	Restricted funds	Restricted funds						(Continued)	(Continued)
	Heritage
	Impact
	Assessment	1,153				1,153			1,153
	Seafront
	Master Plan	(208)		12,250	(17,524)	(5,482)			(5,482)
	Waterways	(1,395)		70	(50)	(1,375)			(1,375)
	Iron Duke				(2,859)	(2,859)		(35,089)	(37,948)
	14 King
	Street				(150)	(150)		(12,735)	(12,885)
	145 King
	Street						264,760	(138,269)	126,491
		181,688		141,767	(95,349)	214,350	588,342	(454,313)	348,379
20	Analysis of net assets		between funds
			Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2022 6	2022 F	2022 f	2021 f	2021 f	2021f
	Fund balances at 31
	March 2022 are
	represented	by:
	Tangible assets			4,104		4,104	3,465		3,465
	Heritage assets			720,000	1,011,100	1,731,100	720,000	926,100	1,646,100
	Investments			1		1	1		1
	Current assets/(liabilities)			62,421	4,079	66,500	108,418	30,253	138,671
	Long term liabilities			(26,000)	(666,800)	(692,800)		(742,000)	(742,000)
				760,526	348,379	1,108,905	831,884	214,353	1,046,237

	Details ofthe charity's		subsidiaries	subsidiaries	at	31	March 2022 are	March 2022 are	March 2022 are	March 2022 are	as follows:
	Name of undertaking			Registered					Nature	of	business		Class	of	% Held
				office									shares	held Direct		Indirect
	Norfolk Conservation		Ltd	135King		Street,			Provide	conservation		to	Ordinary 100.00
				Great	Yarmouth,				owners,	businesses,		local
				England,		NR30			authorities		and community
				2PQ					groups.
23	Cash generated from operations													2022		2021
														6
	Surplus for the year													62,668		96,202
	Adjustments for:
	Investment income recognised in statement							offinancial		activities				(48,093)		(52,208)
	Depreciation and impairment			of tangible			fixed		assets					1,107		1,155
	Movements in working		capital:
	Decrease/(increase)	in debtors												16,269		(42,849)
	Increase in creditors													76,243		628
	Cash generated from operations													108,194		2,928
24	Analysis ofchanges		in net	(debt)/funds
											At	1April	2021	Cash fiowsAt	31 March 2022
													6	6		6
	Cash at bank and in	hand										137,475		20,341		157,816
	Loans falling due within one			year								(30,400)				(30,400)
	Loans falling due after more			than one		year						(742,000)		49,200		(692,800)
												(634,925)		69,541		(565,384)