CHARITY REGISTRATION NUMBER: 285456
John Gurney's Charitable Trust Unaudited financial statements
31 March 2022
John Gurney's Charitable Trust
Financial statements
Year ended 31 March 2022
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 |
John Gurney's Charitable Trust
Trustees' annual report
Year ended 31 March 2022
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2022.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Reference and administrative details
John Gurney's Charitable Trust
Registered charity name John Gurney's Charitable Trust Charity registration number 285456 Principal office Walsingham Estate Management Limited The Estate Office 10 Common Place Walsingham Norfolk NR22 6BP
The trustees
The trustees who served during the year and at the date of approval were as follows:
Mrs Priscilla Ann Meath Baker Mr William John Clovis Meath Baker Mr Thomas Courtauld Mr Bruce Sheridan Christer Clerk to the trust Mr John Sayer Downing Independent examiner Tobias Wilson BA (Hons) FCA Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB Banker Barclays Bank Plc 114 Fenchurch Street London Investment manager Walker Crips Investment Management Old Change House 128 Queen Victoria Street London EC4V 4BJ
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John Gurney's Charitable Trust
Trustees' annual report (continued)
Year ended 31 March 2022
Objectives and activities
To preserve, improve and also renew, where essential, for the benefit of the inhabitants of the Parishes of Walsingham, Sprowston and adjoining areas in the county of Norfolk and the nation at large whatever of the English historical architectural and constructional heritage may exist in and around the parishes of Walsingham, Sprowston and adjoining areas aforesaid in the form of buildings of particular beauty or historical, architectural or constitutional interest.
To preserve, improve, renew and add to the contents of such buildings, which may exist in and around the parishes of Walsingham, Sprowston and adjoining areas, which are open to the public on regular viewing days.
To preserve and improve buildings in the parishes of Walsingham, Sprowston and adjoining areas aforesaid, providing special facilities for the education and recreation of the public which are not provided by the Statutory Authorities and in particular the Parish Hall in Little Walsingham and similarly to preserve, improve and renew the contents of such buildings.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the year. The ways in which the trustees consider the Trust meets the public benefit requirement are reflected in the grants made (as detailed above) in pursuance of the charity's objectives.
Achievements and performance
The Trust had total income of £151,887 (2021: £143,371). Six grants totalling £149,352 (2021: seventeen grants totalling £262,983) were made during the year.
The trustees have been able to assist a small number of charities which meet the trustees' objectives with funds to aid capital and other projects.
The grants made during the current and previous year have been detailed in note 6 of these financial statements.
Expenditure (other than in respect of grants) was £21,153 (2021: £41,964). This included £1,917 (2021: £15,067) for property repairs.
At the 31 March 2022 the value of quoted investments held by the charity was £4,294,489 (2021: £4,506,358).
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John Gurney's Charitable Trust
Trustees' annual report (continued)
Year ended 31 March 2022
Financial review
Investment policy
Under the terms of the Settlement Deed, the charity has the power to make any investment which the trustees think fit.
Reserves policy
The reserve is shown as the balance on the unrestricted fund. A fund of investments has been built up to provide sufficient income to be able to make charitable donations each year and to meet the trustees' normal administration and management costs. The trustees are looking for opportunities to make large donations when the opportunity arises.
At the end of the year, the total value of free reserves (net current assets) held by the charity was £722,833 (2021: £733,885) together with investments of £6,524,109 (2021: £5,917,602).
Grant-making policy
Grants are awarded based on the level of need and within the geographical constraints imposed by the Settlement Deed, as decided by the trustees, as and when such applications are made.
Plans for future periods
The trustees will continue providing grants in line with the guidelines of the governing document. The trustees consider that the Trust's investments will continue to provide sufficient income to enable the Trust to meet its objectives for the foreseeable future.
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John Gurney's Charitable Trust
Trustees' annual report (continued)
Year ended 31 March 2022
Structure, governance and management
Governing document
The charity is registered as an unincorporated charity and was set up by a Deed of Settlement dated 20 July 1982. The charity is a registered charity number 285456.
Organisational structure and decision making
The appointed trustees during the year were:
Mrs Priscilla Ann Meath Baker who is the Chairman of the trustees, Mr Bruce Sheridan Christer, a solicitor and consultant with Attwaters Jameson Hill solicitors (incorporating Stafford Young Jones) of London, Mr Thomas Courtauld of Barningham, Norfolk and Mr William John Clovis Meath Baker.
The day to day management of the Trust's affairs are looked after by Mr John Sayer Downing, a retired Chartered Surveyor and the record keeping is carried out by Mr Adam Skinner, management accountant with Walsingham Estate Management Limited. Decisions on policy matters, eg the making of grants, are taken by the trustees on a regular basis throughout the year.
Risk management
The trustees have made a review of the major risks to which the Trust may be exposed and systems are being established to minimise these risks. The principal risks that are considered are the custody of investments (appropriate professional advice taken in this regard) and the appropriate application of funds (each application carefully considered by the trustees prior to approval).
True and fair override
The financial statements have been prepared to give a "true and fair" view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a "true and fair view". This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice from 1 April 2005 which has since been withdrawn.
The trustees' annual report was approved on 25 January 2023 and signed on behalf of the board of trustees by:
Mrs Priscilla Ann Meath Baker Trustee
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John Gurney's Charitable Trust
Independent examiner's report to the trustees of John Gurney's Charitable Trust
Year ended 31 March 2022
I report to the charity trustees on my examination of the financial statements of the charity for the year ended 31 March 2022 which comprise the statement of financial activities, balance sheet and the related notes.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
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John Gurney's Charitable Trust
Independent examiner's report to the trustees of John Gurney's Charitable
Trust (continued)
Year ended 31 March 2022
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Your attention is drawn to the fact that the Charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
Tobias Wilson BA (Hons) FCA Independent Examiner
Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB
27 January 2023
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John Gurney's Charitable Trust
Statement of financial activities
Year ended 31 March 2022
| 2022 | 2022 | 2021 | |||
|---|---|---|---|---|---|
| Unrestricted | |||||
| funds | Total funds | Total funds | |||
| Note | £ | £ | £ | ||
| Income and endowments | |||||
| Investment income | 4 | 151,887 | 151,887 | 143,371 | |
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|
|
|||
| Total income | 151,887 | 151,887 | 143,371 | ||
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|
|||
| Expenditure | |||||
| Raising funds | |||||
| Investment management costs | 5 | (13,649) | (13,649) | (36,738) | |
| Charitable activities | 6 | (156,856) | (156,856) | (268,209) | |
|
|
|
|||
| Total expenditure | (170,505) | (170,505) | (304,947) | ||
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|
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| Net income and net movements in funds before gains and | |||||
| losses on investments | (18,618) | (18,618) | (161,576) | ||
| Net gains on investments | 614,073 | 614,073 | 584,708 | ||
|
|
|
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| Net income and net movement in funds | 595,455 | 595,455 | 423,132 | ||
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|
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| Reconciliation of funds | |||||
| Total funds brought forward | 6,651,487 | 6,651,487 | 6,228,355 | ||
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|
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| Total funds carried forward | 7,246,942 | 7,246,942 | 6,651,487 | ||
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 15 form part of these financial statements.
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John Gurney's Charitable Trust
Balance sheet
31 March 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Fixed assets | |||||
| Investments | 8 | 6,524,109 | 5,917,602 | ||
| Current assets | |||||
| Debtors | 9 | 42,437 | 26,828 | ||
| Cash at bank and in hand | 691,477 | 718,103 | |||
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|
||||
| 733,914 | 744,931 | ||||
| Creditors: Amounts falling due within | |||||
| one year | 10 | (11,081) | (11,046) | ||
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|
||||
| Net current assets | 722,833 | 733,885 | |||
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|
||||
| Total assets less current liabilities | 7,246,942 | 6,651,487 | |||
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| Net assets | 7,246,942 | 6,651,487 | |||
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||||
| Funds of the charity | |||||
| Unrestricted funds | 7,246,942 | 6,651,487 | |||
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|
||||
| Total charity funds | 11 | 7,246,942 | 6,651,487 | ||
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These financial statements were approved by the board of trustees and authorised for issue on 25 January 2023, and are signed on behalf of the board by:
Mrs Priscilla Ann Meath Baker Trustee
Mr William John Clovis Meath Baker Trustee
The notes on pages 9 to 15 form part of these financial statements.
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John Gurney's Charitable Trust
Notes to the financial statements
Year ended 31 March 2022
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is The Estate Office, 10 Common Place, Walsingham, Norfolk, NR22 6BP, NR22 6BP.
2. Statement of compliance
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on the going concern basis and the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected income and expenditure for the next 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the Trust to be able to continue as a going concern.
Judgements and estimates
In the application of the Trust's accounting policies the Trustees are required to make judgments, estimates and assumptions. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may materially differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision effects only that period, or in the period of the revision and future periods if the revision effects both current and future periods. The estimates and assumptions which have a significant risk of causing material adjustment to the carrying amount of assets and liabilities are with regard to investment properties and paintings. Further details of these assets are given in note 8.
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John Gurney's Charitable Trust
Notes to the financial statements (continued)
Year ended 31 March 2022
3. Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Income
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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Interest income is recognised when receivable and includes any tax deducted at source.
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Rental income is recognised on an accruals basis for the year.
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Dividends are recognised at the point at which the charity becomes entitled to the dividend which is considered to be when the ex-div date has passed and payment is due to registered holders at the year end.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs in relation to the management of investments.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
Investments
Quoted investments are stated at fair value at the year end.
Paintings are included in the accounts at valuation, where such valuation is materially different from the original cost (having regard to appropriate experience and advice in the matter where relevant).
Realised and unrealised gains and losses on fixed asset investments are recorded in the Statement of Financial Activities by reference to their opening carrying value.
Investment property
Properties (including woodlands) are held as investment assets, and are therefore held at valuation. The trustees consider fair value to be open market value. In accordance with the SORP investment properties included at valuation are not depreciated. For material assets the trustees have in the past sought independent valuations, and have subsequently taken advice from appropriately experienced and qualified staff, including their Estate Manager, in updating the valuations. Where the open market value is not considered to be materially different from the original cost, such assets are stated at their original cost.
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John Gurney's Charitable Trust
Notes to the financial statements (continued)
Year ended 31 March 2022
3. Accounting policies (continued)
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Where investments in shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
4. Investment income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Rental and related income | 13,250 | 13,250 | 27,904 | 27,904 |
| Dividends | 138,300 | 138,300 | 113,777 | 113,777 |
| Interest receivable | 337 | 337 | 1,690 | 1,690 |
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|
|
|
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| 151,887 | 151,887 | 143,371 | 143,371 | |
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5. Investment management costs
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Rates and electricity | 3,297 | 3,297 | 1,176 | 1,176 |
| Insurance | 1,152 | 1,152 | 1,407 | 1,407 |
| Property repairs | 1,917 | 1,917 | 15,067 | 15,067 |
| Professional fees | 10,653 | 10,653 | 11,830 | 11,830 |
| Other expenses | 60 | 60 | – | – |
| Foreign exchange (losses) / gains | (3,430) | (3,430) | 7,258 | 7,258 |
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|
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| 13,649 | 13,649 | 36,738 | 36,738 | |
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Notes to the financial statements (continued)
John Gurney's Charitable Trust
Year ended 31 March 2022
6. Expenditure on charitable activities
Grants
| Grants | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| All Saints Church, East Barsham | 1,625 | 26,940 |
| All Saints Church, Morston | 5,000 | – |
| Norwich Quaker Meeting House | 100,000 | 50,000 |
| St Marys, Walsingham | 13,872 | 165 |
| St Peter's, Gt Walsingham | 28,395 | 7,464 |
| Walsingham Village Hall | 460 | 2,108 |
| Castle Museum, Norwich | – | 100,000 |
| Cleaves House | – | 20,368 |
| Memorial trust of the 2nd Air Division USAAF | – | 10,000 |
| Heritage House Caring Group | – | 10,000 |
| St Marys, Gt Snoring | – | 9,000 |
| Walsingham Estate Packhorse Bridge | – | 7,540 |
| Wells Sea Cadets | – | 5,823 |
| North Norfolk Community Trust | – | 4,847 |
| Walsingham Methodist Church | – | 3,728 |
| Langham Dome | – | 2,500 |
| Walsingham Bowls club | – | 1,500 |
| Walsingham Community Primary School | – | 1,000 |
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|
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| 149,352 | 262,983 | |
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| Governance costs | ||
| 2022 | 2021 | |
| £ | £ | |
| Accountancy | 1,168 | 1,946 |
| Independent examiner's fee - current year | 3,270 | 3,000 |
| Independent examiner's fee - prior year | 2,982 | – |
| Underprovision of accrual in previous year | 84 | 280 |
|
|
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| 7,504 | 5,226 | |
|
|
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| Total expenditure on charitable activities | 156,856 | 268,209 |
|
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7. Trustee remuneration and expenses
No trustee or any person connected with them received any remuneration during the year. The trust paid no trustee's expenses in the year. (2021:£Nil).
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John Gurney's Charitable Trust
Notes to the financial statements (continued)
Year ended 31 March 2022
8. Investments
| Listed | Investment | |||
|---|---|---|---|---|
| investments | properties | Paintings | Total | |
| £ | £ | £ | £ | |
| Cost or valuation | ||||
| At 1 April 2021 | 4,506,358 | 777,950 | 633,294 | 5,917,602 |
| Additions | – | – | – | – |
| Disposals | (8,420) | – | – | (8,420) |
| Fair value movements | (203,449) | 267,270 | 551,106 | 614,927 |
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|
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| At 31 March 2022 | 4,294,489 | 1,045,220 | 1,184,400 | 6,524,109 |
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| Carrying amount | ||||
| At 31 March 2022 | 4,294,489 | 1,045,220 | 1,184,400 | 6,524,109 |
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| At 31 March 2021 | 4,506,358 | 777,950 | 633,294 | 5,917,602 |
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All investments shown above are held at valuation.
Investment properties
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| The Old Coach House & Prison | 540,000 | 372,000 |
| 3-5 St Ann's Street | 60,000 | 41,000 |
| Oxford Stores | 350,000 | 270,000 |
| Woodlands | 95,220 | 94,950 |
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| 1,045,220 | 777,950 | |
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All properties held by the charity were valued by the clerk to the trust who is a retired chartered surveyor. The property at 3-5 St Ann's Street is let at a nominal rent to another Charitable organisation for purposes consistent with this Trust's own objectives. The historical cost of the revalued properties is £399,920 (2021: £399,920).
The woodlands comprise 10.48 hectares of mature woodland comprising part of Racecourse Plantation, Thorpe St Andrew, Norwich. The valuation is based on the open market value. The historical cost of the revalued woodlands is thought to be £30,000.
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John Gurney's Charitable Trust
Notes to the financial statements (continued)
Year ended 31 March 2022
8. Investments (continued)
Paintings
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| At valuation: | ||
| The Trout Stream at Lamorna by S J Lamorna Birch | 40,000 | 30,000 |
| Parasols and related sketches by Joseph Southall | 45,000 | 34,000 |
| Harmony of Spring by Vernon Ward | 6,000 | 6,000 |
| Portrait of a Blonde Girl by A Naray | 1,600 | 1,600 |
| The Morning Carol by Margaret Tarrant | 6,800 | 6,800 |
| 33 Wild Flower water colours by Margaret Tarrant | 65,000 | 65,000 |
| Millais 'My First Sermon' | 90,000 | 69,894 |
| Two Girls Arranging Roses | 180,000 | 160,000 |
| Golden Youth by T C Gotch | 750,000 | 260,000 |
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| 1,184,400 | 633,294 | |
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The above valuations have been provided by Peyton Skipworth (fine art consultant), London.
The painting 'The Trout Stream' was purchased in 1997 at cost of £14,231, Parasols and related sketches were acquired in 2006, the Medici paintings were acquired in 2008 and the Millais painting was acquired in 2009. The painting 'Two Girls Arranging Roses' was purchased in July 1991, since then it has been on loan to the Castle Museum in Norwich. 'Golden Youth' by T.C. Gotch was purchased in 1993 and is now on loan at the Royal Polytechnic Society in Falmouth, Cornwall.
Listed investments
The listed investments shown above are held at market value as at the 31 March 2022. The historical cost of investments held at the year end is £1,265,120 (2021: £1,266,259).
9. Debtors
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Prepayments and accrued income | 42,437 | 26,828 | |
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| 10. | Creditors: Amounts falling due within one year | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Trade creditors | 7,311 | 7,546 | |
| Accruals | 3,770 | 3,500 | |
|
|
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| 11,081 | 11,046 | ||
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John Gurney's Charitable Trust
Notes to the financial statements (continued)
Year ended 31 March 2022
11. Analysis of charitable funds
Unrestricted funds
| Gains and | At 31 Mar | |||||
|---|---|---|---|---|---|---|
| At | 1 Apr 2021 | Income | Expenditure | losses | 2022 | |
| £ | £ | £ | £ | £ | ||
| General funds | 6,651,487 | 151,887 | (170,505) | 614,073 | 7,246,942 | |
|
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|
|
|
||
| Gains and | At 31 Mar | |||||
| At | 1 Apr 2020 | Income | Expenditure | losses | 2021 | |
| £ | £ | £ | £ | £ | ||
| General funds | 6,228,355 |
143,371 |
(304,947) |
584,708 |
6,651,487 |
12. Related parties
Mrs Priscilla Ann Meath Baker and Mr William John Clovis Meath Baker are directors in Walsingham Estate Management Limited and Walsingham Estate Trading Limited and directors and shareholders in its parent company The Walsingham Estate Company. The clerk to the trustees, John Sayer Downing, is secretary to these companies.
During the year, and the previous year, the following services and recharges were provided / paid to Walsingham Estate Management Limited
| Walsingham Estate Management Limited | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Accountancy services | 1,168 | 1,946 |
| Property rent management charge (12.5% to 7.5%) | 1,494 | 1,841 |
| Property repairs | 272 | 5,785 |
| Administration fees | 325 | 534 |
| Insurance, water and electricity recharges | 1,576 | 1,585 |
| Professional fees | 8,176 | 12,406 |
£Nil (2021: £7,540) was granted to Walsingham Estate Trading Limited during the year; in respect of works on the packhorse bridge in the grounds of Walsingham Abbey.
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