##
##
|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|
##
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##
##
##
##
##
##
##
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##
##
##
##
##
##
##
##
##
##
||||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|||||
##
##
##
##
|8|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|
##
|19|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)|