Charity reglstration number 280628 Company rngistration number 01492613 (England and Wales) GREAT YARMOUTH PRESERVATION TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 GREAT YARMOUTH PRESERVATION TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Dr PP Dawies Mr ￿ Fakes PB Paiter Mr BJ Williamson Mr M Taybr GE Freeman Mrs K StenFK)use Emity Dye (Appointed 4 May 20231 (Appointed 27 November 20231 (Appointed 27 November 20231 Madene Faithead Charity number 280628 Company numbèr 01492613 Principal address 26 South Quay G￿3t Yarmouth Norfojk England NR30 2RG Registered office 26 Souih auay Greal Yarmouth Norfolk England NR30 2RG Independent examinèr Solos Christophi FCCA Aston Shaw Limited Chartered Certified Accountants The Union BU1￿J1￿g, 51-59 Rose Lane Norwich Norfolk England NR1 1BY GREAT YARMOUTH PRESERVATION TRUST CONTENTS Page Ttustees. report Independent examinerfs report Statement of financtal aciivilies Balance sheet Statement of cash flows Notes to the financial stalemenis 9-24 GREAT YARMOUTH PRESERVATION TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees prèsent thèi¥ annual report and financial statements for the year ended 31 March 2024. The financial statement5 have been prepared in accordance the acccwjnting poliaes set out in noté 1 to the financial statements and comply with Ihe charity's goveming documenl, the Cornpanies Act 2006 and 'Aecounting and Reporting by Charities.. S(atemenl of Recommended Practice applicable to charities prepanng their accounts in accordance with the Finanual Reporting Standard applicable in the UK and Republic of Irdand IFRS 1021" leffecbve 1 January 20191. ObFectives and activities Public benefit The trustees have paid due ￿gard to the guidance issued by Ihè Charity Commission in dèciding what activities the charity should undertake. The Trust's objects and principles are to preserve ft)r the benefit of the inhabitants of Great Yam)outh. buildings of special beauty or of historic or architectural interest_ To help achieve its stated aims and objectives the trust is conts"nuing lo build up its propety portfolio to generat8 more revenue. Success is measured by the delNery of projects. Each project wll have its own set of criteria. outputs and outcomes which are used to evaluate success_ For example. ntjmber of buildings removed off the at risk register, square m8t8r ol bullding repaired or brought b3ck into use. number of training hours delivered. Publi¢ Benefit The Trustees have taken due regard of the guidance PLEbli8hed by the Charity Cofftrnission and they consider the charity provides a public benefit because without it the obl￿tiveS would not be meL Achievernenls and perforniance Significant activitiès and &ch￿￿ementS agaffnst objectwes Charitsble activities This year has seen the bedding in of a number of sKJnfficant changes brought about in the piewous year to increase the charities resilien￿ and build growth to secure a self-suffi(ient and sustainable future. Most notably the balance ol the nine trustees was changed to allow lor two new Irustees acting as community represenlatives. In addition, following the tumioil and unpredictability ol both ￿)Vid and the cost of living Crisis the preservation trust has concentratèd on financial reglience and rationalised its portfolio by selling one buiKling. Officers and trustees have COn￿nIrated efforts on the preservatK)n trusts key project. thè restoration of The Iron Duke, this has included lull and compTehensive roof repairs and the development of the project Ihrough the RIBA stages. The project has been developed suffioenuy to submit Ihe round Iwo application the National Lottery Heritage Fund with work on site programmed for spring 2025. Other projects induding the restoration of St Johns Chuich have a150 prt¥Jres5ed wtth Great Yarmouth Town Deal Board agreeing to a £495,000 grant for repairs. The Trust have continued to worked in partnership ¥wth local an¢Y nab.onal stakeholders as well as providing support for the Borough Counal on several council heritage projecis in particular the restorats.on ol the Winter Gardens. In terms of training and engagemenl work the TnJst delivered a numbèr of workshops and activities Induding in conjunction wilh projects such as Sl Johns and The Iron Duke and also as Stand alone training schemes both in G￿at Yamiouth and abroad. Including traditional skills training on the medieval town wall and workshops in Katpachevo, 8ulg8ria. The preservation trust was extremely grateful for a grant from King Chades 111 Charitable Fund lo support training prograrnrnes. In summary thè preservation trust ha5 drtven several projects forward as well as reviewing its porifolio in order to allow resource5 and energy on its five year plan to complete key projects and grow residence. The trust has taken time to review and ref ect on how the charity can operate MO￿ efficienuy and effectively in a very challenging environment especially around ongoing inflati1￿ary pressu￿9 and diminishing fundraising opportunities_ This had led the organisats'on to work in a smarter and mre ueative way both in partnerships and with its own assets. GREAT YARMOUTH PRESERVATION TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 Financial review Financral Position As shown on page 6. the Trust generated a surplus for the year of £21.367. The Trust ended the year wth bank balan￿S 01 £143,562. ReSen￿S policy Reserves policy The restricted fund is used lo rnaintain the companys pfoperbes and for major capital and renovation schemes. The unrestricted funds are needed lo meel the worf(ing caprtal commibments of the charity. Further details are shown in note 23 01 the finanual statemenis. Structure, governance and mana9ement Governlng doeument The organisats.on is a charitable company limited by guarantee, incorporated on 22nd April 1980 and registe>ed as charity on 17th July 1980. The company was established under a Memorandum of Ass(xiab"orb which established the objects and powers of the charitable company and is govemed under its Articles ofAssociation. A special resolution was unanimousty passed on 5 December 2022 to adopt new Articles of Association in substitution lor. and io the entire exdusion of, Ihe existiThJ Memorandum and A￿deS of AssocIal￿n. The truslees. who are a150 the directors for the purw5e of c<•mpany law. a￿1 WIK) seNed during the year and up to the dale of signature of the ffinanual slalements were.. Dr PP Davies MrAJ Fakes Mr P8 Patterson Mr BJ Williamson Mr M Taylor PA G Wells GE Freernan Mrs K Stenhouse Emily Dye Marlene Fairhead {Resigned 4 May 20231 {Appointed 4 May 20231 (Apwnted 27 November 20231 IAppoin¢ed 27 November 20231 Recruitment and èppointment of Iruslees Recruitment and appointment of new trustees The diieclors of the company are also charity trustees for the purpose of charity law. Under the reouiremenls ol the Memorandutn and Atticles of AssoaatioTr, directors are elected to serye foi a perityj of three years after which they ust be re-selected al the next Annual General Meeting. Following the unanifftous passing of a special resolution on 5 December 2022. newArtides ofAssociation were adopled such that directors no longer have to be re-selected at an Annual General Meeting after Se￿ing for three years. The Aitcles of Assoaation specfy that the Board ol Directors shall comprise five directors representats've of Great Yarrnouth Borough Council and three directors representative of the Great Yartnouth Lotrdl History and Archaeological Society. In addition the direciors shall appoinl at least one representatwe from the community who has demonstrated interest in the historic built environrnent. The new Artides of Assoaation. approved by a speual resolution passed on 5 December 2022. now require that threè directors ￿11 be representab.ve of G￿3t YarmtsJth Borough Counal. three from the Great Yamouth Local History and Archaeologieal Society and th￿ appointed by the directors having ￿93rd to their policies and procedures and also any guidance issued by the Charity Commiswon. None ol the trustees has any beneficial 1rnte￿t in the u)mpany. AJI of the trustees are members of the company and guarantee to contribute £1 in the event of a ￿ndIng up. GREAT YARMOUTH PRESERVATION TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Org8nisation81 Str￿t￿ Organlsational StruGtu The Trustees cotnpr6e nine r￿rnbe¢S who are aLso the LThTeL*ots of the TnJsL Day to dgy ￿spOnS*1111ty for th8 administration ollhe Tnjst Lyn Bales. Lwse Averre w(Mde5 tY))k-keeplr￿ Servi￿5. In addthon, Darren Indu¢tlon and tralnlng ol rew trustees Anynew Irustees are offered a prDgrnmme ofinducbtx) and irnthirvJ. Related partl¢s The charivs wh￿ly-o￿￿ed subsidiary. N¢rt￿k cOn8eTh8￿Tr Lwnited. estawthd t¢ prowid8 conservation trj to Great Yarnouth Preserwab)n Trust to surportthe workofb)e TrusL Rlsk mana9ement controls are in pthe to prov¥Je ￿880n8tAe a&sUrdn￿ agaI￿t fraLhY and e O¥er th8 Cotwse of Ihe Ihe Twst8es h￿e a fB¥MV of the m4*y iisks to which Ihe charity is exwsed and systems have pla￿ io Ir¥bgate thtse rths. These are updated ￿￿)dICal￿ to 8nsure they meet th8 n88ds ofthe charity. Mr 8J w￿l￿[n$ Trus GREAT YARMOUTH PRESERVATION TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GREAT YARMOUTH PRESERVATION TRUST I report to the trustees on my examination of the finanrtise(I cosl. using Ihe effecbve interest rate method. Trade creditors are obligations lo pay gocmys or services that have been acquired in the ordinary course of operalions from suppliers. Amounts payable a￿ classified as (Jjrrent liabilib'es if payment is due within one year or less. 11 not. they are p￿Sented as non-cU￿nt liabilities. Trdde ￿dItorS are recognised initially at transaction price and subsequenuy measured at amortised cost using the eff￿tive interest method. Dere¢ognitffon of financial liabilities Financial liabilities are ￿e￿cognised when the charity's coniraclual 0￿mJa￿onS expire or are discharged or cancelled. 1.12 Employèe ben8fits The cost ol any unused holiday entitlement is ￿COgnised in the period in which the employee's services are recewed. Termination benefils are recognised immediatety as an expense when the charity is dernonstrably committed to temiinate the employment of an employee or lo provide leminatton benefits_ 1.13 Retirement benefits Paytnents to defined conlribution reb"rement beneffit sthemes are charged as an expense as they fall due. 1.14 Debtors receivable and creditors payable within one year Debtors and creditors with no stated interest Tate and receivable or payable within one year are recorded at transaction price. GREAT YARMOUTH PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Critical accounting estimates and judgements In the application of the charity's accounting p)li(ies. the trusiees a￿ required to make judgements. estimates 2nd assumptions about (he carrying am￿jnI of assets and liab'libes that a￿ not ￿adIlY apparent frorn other sources. The estsmates and assouated assumptions a￿ based on historical experience and other factors thal are considered to be relevant. Actual results may differ from these estimates. The estimates arKI underlying assumptions are wewed ¢y) an On9￿n9 basis. Revisions to accounling eslimaies are recogniseil in the period in wh￿h the estimate is revised where the revision affects only that period, or in the period of the revtsion and future periods where the revsion affects bolh current and futur8 periods. Income from donations and legacies Unfestricted Restricted fund5 funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Toial 2024 2023 Donations and grf Grants 2,800 60.001 2,800 368,616 308,615 66,975 330,054 397,029 62.801 308.615 371.416 66.975 330.054 397,029 Income from other tradlng actlvltles Unrestricted Unrestricted funds funds 2024 2023 GYPT Consultancy 2,246 Income from investments Unrestricted Restricted lunds funds 2024 2024 Total Unrèstrietèd Rèstrlctod funds funds 2023 2023 Total 2024 2023 Rental income Interest receivable 45.818 643 23,529 69.347 643 42.347 37 13.108 31 55.455 68 46.461 23.529 69.990 42.384 13.139 55,523 12- GREAT YARMOUTH PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 other income Unrestricted Restricted funds funds Total Unrestricled Restricted funds funds Total 2024 2024 2024 2023 2023 2023 Net gain on disposal of tangible fixed asseis Yare Gallery Tower Income Other income Management fees Skippings gallery Car park fe8S S0.(NJO 17.068 17,068 15.058 22.873 1,824 7,033 7.033 20.310 7.962 4.167 6,341 15.058 20.310 7.962 4.167 6,341 22.873 1,824 6.487 6.487 88.780 7.033 95.813 48.252 15.058 63,310 The Yare Gallery property al 26 South Quay. Great Yamouth. NR30 2RG. is in the Pro￿S$ of being sold. A dep051t wa5 received duri￿ the year Ènded 31st March 2024 of £50.000. The agreed selling price is £250,000. with the rernainder balance awaiting receipt after the year end. 13- GREAT YARMOUTH PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charitable activitses 2024 2023 Dire¢t costs staff costs Depreciation and impairment Rates and water Insurance Advertising Materials and Labour Travelling Equiprnent Conservation costs Professional fees Sundries Repair5 and ￿new¥[S L wht and Heat Rèntal Charges Yare Gallery 52.869 855 1,095 31.573 838 148 2,808 48.500 116.628 81,789 4,10S 55.573 15.202 500 12,451 812 343 22.189 210 3.804 258 183.442 182,411 3.729 25.925 6.425 246 42 429.836 424.934 Grant funding of activities (see note 81 7,500 7,500 Share of support and governance ¢05ts (see note 91 Support Govemance 55,747 1.016 42.925 1.016 494,099 476,375 Anafysis by fund Unrestricte¢J funds Restricted funds 159.691 334,408 178,472 297,903 494.099 476,375 Grants payable Charitable Charitable Expenditure Expenditure 2024 2023 Grants to institutions-. 7,500 7.5CX) Charitable EXpe￿ilure During the year £7.500 was paid to Norfolk County CcMJncil for the Time and fide museum. 14_ GREAT YARMOUTH PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Grants payable (Continued Support costs Support Governanc• costs cosls 2024 Support Governance costs costs 2023 Postage and Stationery Sundries Bank charges Software Subscriplions Sécretanal and admini5tralion Accountancy arml VAT advicé Bookkeeping fees Legal lees Auditorfs Remuneration 629 1,182 195 541 629 1,182 195 541 1,847 5,724 144 393 1,847 5.724 144 393 28,263 28,263 22,036 22,036 2,904 4.782 17,250 1.016 3,190 5,722 3.869 3,190 5.722 3.869 1.016 4.782 17.250 1.016 1.016 55,747 1,016 56,763 42.925 1,016 43,941 Analysed be￿een Charitable acliwties 55.747 1.016 56.763 42,925 1,016 43,941 10 Net movement in funds 2024 2023 The net movement in funds is stated after chargintylcredrtiThJl". Depreciation of owned tangible fixed assets Profit on disposal of iangible fixed assets 812 150,0001 855 11 Trustees Trustees. Remuneration and Beneffts There were no truslees, ￿Muneration or other beneffts for Ihe year erhjèd 31st Mard) 2024 nor for the year ended 31st March 2023. TNst•es' Expènsès There were no trustees. expenses paid during Ihe year erKled 31st March 2024 nor for the year ended 31st March 2023. 15- GREAT YARMOUTH PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Employees The average rnonthty number of empkTryees during the year was.. 2024 Number 2023 Number A5sisiant Hentage Officer Heritage Project Manager Yare Gallery Curator Gallery a￿Stant Total Employment costs 2024 2023 Wages and salaries Other pÈnsK)n costs 51,741 1.128 52.869 There wefe no employees whose annual ￿M￿neratiOn was than £60.000. Remuneration of key management personnel 13 Othèr Èx￿nditurÈ Restricted funds 2024 R85tricted funds 2023 Loan Interest 23,999 25,098 During the year, interest chafged on secured loans fvom Great YamcKJth Borough Council was £25.098. 14 Taxation The charity is exempt frc¥n taxab.on on ils activibes because all its income is apptied for charitsble purposes. 16- GREAT YARMOUTH PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 1S Tangible fixed a55ets itageAssets Irnwovtsmoftts Computer Eqvipmont Total Cost At 1 April 2023 Additions 9.134 9,134 165,741 165.741 At 31 March 2024 165,741 9,134 174,875 Depreciatlon and impaimient At 1 April 2023 Deprèuation tharged in thè year 5,885 812 5,885 812 At 31 March 2024 fj,697 6,697 Carrying amount At 31 March 2024 165.741 2.437 168.178 At 31 March 2023 3,249 3,249 16 Heritage assets At 1 April 2023 and at 31 March 2024 1,731,101 The Pfoperties are freehold properbes and are he￿ for direct chaiilable purposes. Part of the freehold propety 32133 Baker Streel is leased on a long-terni lease to Orbit Housing AsS￿lation. Thè company's propèrtiès were L*st independenuy MalU￿j on 31 March 2015 al open market value. The historic cost is £413.027. The Yare Gallery property at 26 South Quay. G￿at Yamiouth. NR30 2RG. is in the process of being sold_ A deposit was ieceried during year ended 31st March 2024 of £50.0(X). The agreed selling price is £250.000. with the rernainder balance awaiting receipt after the year end. 17_ GREAT YARMOUTH PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Fixed asset investments Other investments Cost or valuation At 1 April 2023 & 31 March 2024 Carrylng amount At 31 March 2024 At 31 March 2023 2024 2023 Other investments comprise= Notes Investments in subsidiaries 28 18 Debtors 2024 2023 Amounts falling due within one year. Trade debtors Amounis owed by subsidiary undertakings Other debtor5 14.649 616 50.956 3,292 215 52.437 66.221 55.944 19 Loans and overdraft5 2024 2023 AHF Loan GYBC Loan 100.000 677,200 710,800 777.21)0 710.800 Payable within one year Payable after one year 133,600 643.6 30.400 680.400 Amounts induded above whid) fall due after five years." Payable by inslalments 525.200 558.800 The loans a￿ sewred against all wesent and fuiure monies, obligatK)ns and liabilits'es in connection with the loans. 18- GREAT YARMOUTH PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Creditor5.' amount5 falling due ￿thIn one year 2024 2023 Notes AHF Loan GYBC Loan Trade creditors Other creditots Accnjals and deferred Ir￿Me 19 100.000 33,600 143,140 531 43.531 30,400 69,686 211 45.619 320,802 145,916 21 Creditors= amounts falling due after more than one year 2024 2023 GYBC Loan 643,600 680,400 22 Retirement benefrt schemes 2024 2023 Defined contribution sch•m•s Charge to profil or h)ss in respect of defined contribution schemes 1,128 The charity operates a defined contrTbub"on pension scheme for all qualityng em￿oYees. The assets ol ihe heme are held Separately Irorn those of the Gharty in an independently adrninistered fund. 19- fo V O Tr- Tr- n ryJ Cn ￿- tt) O fo r a> Q) o c) (N- U) j!ijSt QU-rwiroF(Dw)u)>fftoUfix￿zCi- Tr- V> 0￿) o ￿ U)V) a)0 UJ f O ￿1 V)- J ¢n (o Tr- - t£* L)LL r r u) >_ GREAT YARMOUTH PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds The unrestricted funds of the charity comprise Ihe unexpended balan￿$ of donabons and grants which are not subject lo specific conditions by donors an¢J gFanlors as lo how they may be used. These indude designated funds which have been sel aside out of uniestricied lunds by the trustees for specific purposes. At 1 April 2023 Incoming resources Resource5 expended Transfers At 31 Marth 2024 General funds 766.482 200.288 1159,6911 807.079 P￿VIouS year. At 1 Aprl 2022 Incoming resources Resources expended Transfers At 31 March 2023 General funds 760.526 157.611 1178,4721 26,817 766,482 25 Analysls of net assets between funds un￿striCted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Heritage assets Investrnent5 Current assetsllliabilitiesl Long tetrn liabilities 168.178 1.011.101 168.178 1.731.101 720.000 112,9221 100.000 198,0971 1743.6001 1111.0191 1643.6001 807,079 337,582 1,144,661 Unrestrictèd fund5 2023 Rèstridèd fund5 2023 Totsl 2023 At 31 March 2023= Tangible assets Heritage assets Investments Current assetsllliabilitiesl Long term liabilities 3.249 720,000 3.249 1,731,101 1,011,101 43.Z32 28.111 1680,4001 69.343 1680,4001 766.482 356.812 1.123,294 GREAT YARMOUTH PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 26 UnTestricted fund The unrestricted fund represents the free fvnds of the Charity which have not been designated for a parbcular purpose. Induded in this fund is a ￿valUation ￿SerVe of £596,973. 27 Related party transactions Great Yarmouth Borough Counul is represented by counryllors as members of the Board of Trustees. During the year interest was charged of £23.99912023.' £25.0981 on secured loans fri)rn Great YarmoLrth Borough Council. There were outstandiThJ loans at 31 March 2024 of £677.2(K)12023'. £710.8001. Norfolk Conservation Limited, the chariws whdty-owned subsidiary, was established to provide conservation to owners, businesses, loeal authorities and community groups. Norfolk ConseNatson Limited gift aids all of its profits to Great Yarmouth Preservation Tnjst to support the work ol the Trust. During the year, Norftslk Conservation Limited donated £13.88412023.. £19.2111 to Great Yamiouth Preservation Trust. Great Yamiouth Preservation Trusl does sometimes incur minor expenditijre on behalf of Norfolk Conservation Limtied. which is subsequenuy ￿Emb￿r$ed. Al 31 March 2024 Norfolk Conservation Limited owed £61612023-. £2151. 28 Subsidiaries Details of the charitys subsidiaries at 31 Marth 2024 are as follows- Nam• of undertaklng Registèred office Natur• of buslness Class of sha￿$ held °/tr Held Direct Indirect Norfolk conservats.on Ltd 26 South Quay. Prowde conservation to S￿at Yarnio(Jth. owners. businesses. local England. NR30 authorities and o)mmunity 2RG groups. Ordinary 100.00 Fc)r the year to 31 Marth 2024. Norfolk Conservation Limited had a gross income of £20,470 and expenditur 01 £6.586. The profit of £13.884 is donated to its parent tharity Grealyamiouth Preservation Trust. For the year to 31 March 2023, Norfolk ConservaiKJn Limited had a gross ino)me of £24,193 and expenditure 01 £4.982. The profit of £19,211 is donaled lo its parent charity Gieatyamouth Preservation Trust. 29 Cash generated from operations 2024 2023 Surplus for the year 21.367 14,389 Adjustrnents for.. Investment income rectsgnised in statement of finan(ial acbvibes Gain on disposal ol tangible fixed assets Depreciation and impairment ol tangible fixed assets 169.9901 150.0001 812 155.5231 855 Movements in working capital.. Ilncrea5elldecrease in debtors 1ncrease1ldec￿ase) in creditors 110,2TII 71,686 7,691 19,0351 Cash absorbed by operations 136,4021 141.6231 -23- GREAT YARMOUTH PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 30 Analysis of changes in net Idebtylunds At 1 April 2023 Cash flowsAt 31 March 2024 Cash at bank and in hand 159,315 115,7531 143,562 Loans falling due within one year Loans falling due after more than one year 130,4001 {680,4001 1103,2001 36,8(N) 1133,6001 1643.6001 1551.4851 182.1531 1633,6381 -24-