REGISTERED CHARITY NUMBER: 0289171 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2020 for How Hill Trust East Coa%t Accounting Services Limited 293 El Alamein Way Bradwell Norfolk NR318TX
HoiTr' Hill Trust Contents of the Financial Statements for the Year Ended 31 December 21J20 Page Chairman's Report Report of the Tru51¢es Independent Examiner'5 Report Statejnent of Fin#Dei#l Activities B#lanee Sheet Cash Flow Statement Notes to the Cash Flow Statement Notes to the Financial Statements 10 to 18 Detailed Statement of Financial Activities 19 to 20
NO Hill Trust ChairmAn's Re ort for the Year Ended 31 December 2020 To use one of the governinents favourile words of 2020, the past year has been unprecedented. At the start of the year. wlio knew that tlie c.ovid 19 pandeinic W£)b bwoing to cause such inayhem. W¢ saw th¢ last of our school visitors on March 19th and had no visitors- schools or adiilts- for th¢ r¢st of th¢ ycar. W¢ had hoped for our tea room to generate some income during the summer months but this was not to be so. The niajoiity of the weie [lOuThEd at the bebFillninbF of the lockdowi. and at tlie tinie of WTitin¥, tliey are still rloughed. J must thank the govtrnmet]t because, without this schejne, tlie nlority of our staff would have been made redundant. That said, we had to reluctanily make twllo members of statTredundant. Three membets ot stafyhave been working throu¥hout: ChTiS Tubby oui gaideiier, Zenda Madge the fInance officer and Simon Partridgc thc dircctor. I must thank thc8c stsff for kccping How Hill 'ticking along, during thc dark day% of the pandemic. They have also been using the oppoffunitv to carry out much needed redecoration llork within the house. On a positii'e nute. we have been able to replace all the flat roufing on the IIou5e. The Lontractors inade a fantastic job and the house is noiv fiLlly iveather proof for the first time in many years. This roofing %hould be %ound for many deLades to come. We h(Ive, SULial distanLing pem]itting, had our becret ¥aidens and the house gardens vpen all year and local people have been delIted to have continued acce*s to these. Indeed, the donation income from the garden% has increa%ed by nearly IOOO/o on last year. Ont of our Trustees, Peter HoTsefield . resigned during the year and I would like to pay tribute to his interesting and thought provoking inpllt to the Tst over the years. The Trustees as a group managed to have two socially distanced meetings during the year wthen we discussed the implications ol. Covid on the Trust. Whilst residei)tial ei)N'ironmei)tal educatioi) is a piimary role for us ai)d we will as soot] a% we are able focus on thi% w¢ art al%1) loaking to maximi8¢ School day visits both in the short and long t¢rm. W¢ have to acknowledge that the new nomial will almost certainly not be the old nomial and we are investigating ways of adaptin¥ our oflei tor tlie luture. Me<inwliile Trustees conliTmed theiT deteTmindtion to continue the woik ot'the Tiust in accordance with the ChaTltable PuTP05es a5 set out in the Trust Deed and continue to Tnaintain a positive profile of the Trust in the eyes of the public. We can only look forwaid to a better future. 0610812021 Page I
NO Hill Trust R¢ ort of the Trustees for the Year Ended 31 December 2020 The tiuste¢s present their report witli the financial statenieiits. of the charity foT the year ended 31 DeLeinber 2020. The trnstc¢s hav¢ adopt¢d th¢ provisions of Accounting and Rcporting by Chariti¢s'. Statcmcnt of Rc¢ommcnd¢d Pra¢ticc applicable to charities preparing their accounts in accordance ivith the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019). OBJF.CTIWF.S AND ACTIVJTJES Objectives and aims Objectives of the C'harity The primary objective of the TnL%t I to promote, maintain . improve and advance public education in the broadlands by the provision of educational facilities at How Hill in Norfolk and the Lonservation of the How Hill House for the benefit of the public Public benefit The Tnjstees have taken due regard to tlie infoTiiiation published by the Charity Cotnmission on Public Benefit. The rang¢ of Public Bcn¢fits provid¢d by thc How Hill Trust includcs tlic following; Herita¥e; How Hill House is a promi11ent landmark at rhe heart of the Broads which is very Much cherished by the public. The Trustees undertake to nltaill this building and its grounds for the good of the conununity. Recreational access,. How Hill Trust provides a free access point for walkers, boaters and other casual visitors at all times and on every day of the year. The Trust makes no Charge for this provision. The Trust also provides unrestriLted free car parking and access to the extensive, regularly in0, 'Fi5hennan's Field" a large open space which is nde available without constraint for picnic%, kite flying, dog walking, ball games and other inforn]al recreatjOll.Thi% area al.0 lead8 to waterside path% where the publiL may freely iyalk and enjoy ihe exierioi viewb of Ihree conlrasling Broadland drainage windmills, as well as Lin¥FlinbT III the river. The 'FisheTman's Field" is used freely almost every day by bFroups visitingF the Bruads by river. parti¢lllarly disabled children brought from Neatisliead by the Nancy Oldfield Trnst. Public toilet facilities are provided during daylight hours throughout this period. and this facility is cleaned and serviced. Education,. The Tn]st's central role, enbhiined in its T$t Deed. is the provision of residential enviioninental educational courseb for schoolchildrcn, th¢rc is no r¢striction as to agc or ability of pupils, ¢thnic or gcographic origin,¢r¢cd or class. All thc courses which the Trust offers may be subsidised if required. Adult course5', The Trust offeTb a numbei ot adult Louises, whiLh also opell to anyone re¥aidlebs of backgtouiid or ability. Infornmrion flir Schools and Schoolchildren: The Trnst provides, at no charge, an unlimited advi%ory and Inforntion services for children, %tudenl.s or teachers who may request inlomation on any topic associated with the Trust's work, in particular with respect to the Broadland environment. OcLasionally the Trust is asked by members of the public to provide a more general Conservation and llatural history servic¢, and tlii5 is also provid¢d fre¢ of charge. Achievements and perfotnthnce., The Trust derives a significant proportion of its income from Ihe charges made for courses, as well as from open days and sundry sales. Incoine is also deTived from donations ai)d grants, details of which are given in the accounts.. The costs of running How Hill arc undcr con.%tant rcvicw, but incvitably rcpair% and maintcnancc of thi8 thatchcd listcd building take a high priority. A thrther review of the Trust's activities is given in the Chairnian's staternent. Page 2
NO Hill Trust R¢ ort of the Trustees for the Year Ended 31 December 2020 FINANCL4L REVIEW Investment policy and objectives The Trustees have determined that all investment decisions will be iaken by the entire Board of Trustees and not delebTated to any individual officer or abFent.. The Tnjstees review investrnent5 at any meetlTlgF and Mqll in any case ieview all investments annually. They seek advice from outside agencies, advisers or brokers bllt will not delegate Tesponsibility to ihem. The Trustees [1]7 at all times exercise caution and discretion in their choice of investments and will seek stability and balat)ce through proi'en investment i'ehi¢le5. Reserves policy The charity'5 fTee reserves { represented by cash balances, stocks, debtors less creditOTS in unrestricted funds) at 31 st December 2020 ivere in Surplus by £412,414 (2019 'ere in surplu% by £409,798). The TNstees recognise the need to maintain a certaiii level of iesetves in older to have fundb available for inajor iepaiib and maiiiteiianLe. It is theii intention to build up the chaTity's free reserves to the equivalent of four months operating expenditure 'hICh would amount to approximately £IOO,000. The Trustees are constantly aware of the need to protect and maintain How Hill, the Trusl's sole property. As an importanl listed building. Inore than a eenlury old, with a subsianlial Ihalched roof, future aintenance of the house will require considerable resources to be expended. FUTURE PLANS After making appropriate enqiiiries, the Trnstees have a reasollable expectation that the Tt has adeqlte resources to continiic in opcrational cxist¢n¢¢ for thc forcsccablc futurc. For this rcason, thcy continu¢ to adopt thc going conccrn basis in preparii)g the financial statements. STRUCTURE, GOVERNANCE AND TrIANAGEMENT Governing document Throughout ihis documeni, any reference to How Hill shall be construed to mean the enterprise Liperated by the How Hill Trust, inLludii1 How Hill House, its ¥rtsunds and gdidens, and leased domain, situated in the hamlet vf How Hill at Ludham in the County of Norfolk, in distinction to any other property situated in the rne area of the Parish of Ludham Governin¥ docurntnt and history The Trust is a registered charity ( registered number 289171), created under a deed dated 21 February 1984 ReCruitent aDd appoiDtment of Dew trustees Trusiees shall be persons who Ihrough residence, occupation, emplosThenr or othenvise have special knowledge of the areti of benefit or wlio are otlitrwise able by virtue of their personal or professional qualificatioiis to make a contribution to thc pursiiit of thc obj¢cts or manag¢m¢nt os thc charity. Thc Trustccs havc th¢ poiv¢r to appoint n¢w Trust¢CS Organi5ational structure Thc TnL%tces mcct quartcrly and thc d1ctor af thc Trust rcpans dircctly and llY tn their mccting%. In addition, an Executive CoTllTnittee ot the ChaiTman. Vice Chairn]an and Director ineet tsn a regular basis. Day to day mana¥einth)t. including recruilJnent and control of Staff, is entirely devolved to the Director. The Trustees have established a FinanLe Ctsmmittee which Lomprises three Tiustees and the Diiector and are able to PTovide guidance and a5SlStance to the BoaTd in all matters Telating to budgetiiig and finance. The Committee meets three times a year and reports to the Board Indllction aDd training of Dew trustees All Trustees will be provided with. Thc Tnist Dc¢d of th¢ ¢hariry The latest accounts of the charity Details of tlie clrItY Con]rni5sion piiblication- Tlie Essential Tn]stee '&Trat you need to know" In addition, Trustees are encouraged 10 read Charity Commission and other newsletters and to attend courses designed to keep them abieast of theii dutieb and ie5poiisibilities. The Trustees who held office throughout the year are listsd on page 4 Changes in the year are also noted on page 4 Page 3
NO Hill Trust R¢ ort of the Trustees for the Year Ended 31 December 2020 REFERETr4CE AND ADMINISTRATIVE DETAILS R¢gistered ChArity number 0289171 Princip&l address How Hill Ludham Norfolk Trustees N Price FRICS D Hopkiiib MA Dr K Bacon P Horsefield Bsc (Eng), ACGI {resigned 20.8.20} M Flett T HaTper Prof. T Jickells R Batson Independent Examiner East Coast Accoiinting Services Limited 293 El Alam¢in Way Bradwell Nortolk NR31 8TX Advisers Honorary Environmental Consultant,. Professor T O'Riordan MA,MS¢,PhD,FBA,DL PLANS FOR FUTURE PERIODS The Trust will continue to work with schools to ensure our education "offer" is appropriate and CLlSt effective. Income generation to support the core environmental education work will continue to expand. 0610812021 Approved by order of the board of trnstees on ............................................. and sigmed Lin its behalf by.. N Price FRICS- Trustee Page 4
eijdent Examiner'5 Re Ho)Tr Hill Trust ort to the Trustees of IndependeTht ¥xaJniner'b report to the trustees of How Hill Trust I report to the cliarity trustees on my exainination of the accounts of How Hill Trust (the Trnst) for the year ended 31 December 2020. R¢5ponsibilities and basis of report As the cliarity irusiees of ihe Trust you are responsible for the preparation of the accounts in accordance with the iequirements of the ChaTities Act 2011 I'the Act'l. T report in respect of my examination of the Trust's accounts carried out under section 145 of Ihe Act and in carrying out Tny examination I have followed all applicable Directions gFiven by the ChaTity Coinini5sioiI undeT section 145151(bl of thc Act. IndependeTht examiner 5 statement Since your charity's gross income exceeded £250,000 yliur examiner must be a member of a listed body. l Can confirni that l am qualified to undertake the examination because l am a registered meinber of Fellow of ICAEW ivhiLh is one of the li%ted bodie%. I l)aiie coinpleted Iny exainination. I confirni that iio material matters have come to my attention in co]uiection with the exainination givin¥ me ca115e to believe tl)at in any inaterial respect.. accounting records were not kept in respect of (he Trust as required by section 130 of the Act: or the accounts do not accoi'd witli those Tecords; or thc accounts do not comply with th¢ applicablc rcquircmcnts conccrning thc form and contcnt of accounts wt out ii) the Charities (Accounts and Repoitb.) Regulations 2008 other than any iequirement that tl)e accounts give a true and fair vieiv which 15 llot a matter con5ideied as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be dra in this report in order to enable a proper understanding of the accounts to be reached. Sile Rolfe MA.FC.A Fellow of ICAEW East Coasi Accouniing Services Limited 293 El Alamein Way Bradwcll Norlolk NR318TX Date.. 6th Aug.ust 2021 Page 5
NO Hill Trust Statement of FinAn¢i&l A¢tivitie5 for the Year Ended 31 December 2020 31.12.20 Total funds 31.12.19 Total runds Unrestricted funds Restricted funds Note5 INCOME AND ENDOW'MENTS FROM Donatioi)s and leuTai cie5 103,665 103,665 20,328 Charltable aetivltles Incoming rc%ourcc% from charitablc activitlC8 59,645 59,645 204,661 Other trading activitie5 In.£tMent income Other income 2,631 5,073 2,631 5,073 36.531 7,534 49,923 Total 285,125 285,125 318,977 EXPENDITURE ur4 Raising lunds 430 430 16.456 Charitable activities Costs of charitable activities Gnpcrnancc c08L 315,135 9,361 324,496 422,245 775 Total 315,565 9,361 324,926 439,476 Net gains on investments 9,275 9,275 15,176 NET INCOMEIIEXPENDITURE) (21,165) (9,3611 130.5261 1105.3231 RECONCILIATION OF FUNDS Total funds brougbt forward 1.192,828 20,248 1.213,076 1,318,399 TOTAL FUNDS CARRIED FORWARD 1,171,663 10,887 1,182,550 1,213,076 The notes foTm part of these financial 5taternent5 Page 6
HoiTr' Hill Trust Bal&n¢e Sheet 31 December 2020 31.12.20 Total funds 31.12.19 Total runds Unrestricted funds Restricted funds Note5 FIXED ASSETS TangFible assets Heritage assets 12 9,249 750,000 9,299 18.548 750,000 33.029 750,000 759,249 9,299 768,548 783,029 CURRENT ASSETS 14 15 6,065 8.554 453,425 6,065 8.554 455,013 6,445 16,399 420.514 Debtors Cdbh at bdnk In hiind 1.588 468.044 1,588 469.632 443,358 CREDITORS Amounts falling due within one year 16 (55.630) (55.6301 NET CURRENT ASSETS 412,414 1.588 414,002 430.047 TOTAL ASSETS LESS CURRENT LIABILITIES 1,171,663 10,887 1,182,550 1,213,076 NET ASSETS 1.171,663 10.887 1,182,550 1,213,076 FUNDS Unrestiicted funds Restricted funds 1,171,663 10,887 1,192,828 20,248 TOTAL FUNDS 1,182,550 1,213,076 The finaiicial statements weTe approved by the Board of Trustee5 and authorised for issue ..0610812021....................... and wcrc signcd on its bchalf by.. on N Price FRICS- Trustee The notes foTm part of these financial 5taternent5 Page 7
NO Hill Trust Cash Flow Statement for the Year Ended 31 December 2020 31.12.20 31.12.19 Notes Cash flo1Tr5 from operating activities Cash g¢n¢ratcd from opcrations Interest paid Unrealised gain5 on COJF account (24,093) 19831 9,275 1115,5751 17171 15,176 Net cash used in operdting activities (15,801) (101,1161 Cash flows from Investlng actlvltles Purcha%e of tangible fjxed a8%et Interest received 11,714) 2,014 120,8041 7,534 Net cash provided by/(llsed in) investing activities 300 113,2701 Change in cash and cash equivalents i th¢ reporting period Cash and cash equivalents at the begiThning of the reporting period 115,501) 1114,3861 420,514 534,900 Cash #nd Cash equiv#lent$ #t the end of the reporting period 405,013 420,514 The notes forni part of these financial statements Page 8
NO Hill Trust Notes to the Cash FloM' Statement for the Year Ended 31 December 2020 RECONCILL4TION OF NET EXPEIYDITURE TO NET CASH FLOW FRof¥i OPERATINC ACTIVITIES 31.12.20 31.12.19 Net expendlture for the reportln% perlod (as per the Statement of Financial Aetivitie5) Adjustments for: Depreciation charges Ciain on investmcnt8 Interest reLeived Interest paid Decrease in stocks Decreasel(increabel in debtors IDecrease)lincTea5e in creditors {30,5261 1105,3231 16,195 (9,2751 (2,0141 983 380 7,845 (7,6811 15,764 115,1761 {7,5341 717 315 {5,7441 1.406 Net cash Used in operations {24,0931 I11.5.5751 ANALYSIS OF CASH AND CASH EQUIVALENTS 31.12.20 31.12.19 Cash in hand Notice depobits (less than 3 months) Overdrafts included in bank loans and oveidTafts falling due within one year 174,587 280,426 {50,0001 115,312 305,202 Total cash and cash equivalents 405.013 420,514 AIYALYSIS OF CHANGES IN NET FUNDS At 1.1.20 Cash flow At 31.12.20 Net cash Casl) ai bank and in l)and Bank overdraft 420,514 34,499 150.0(K)I 455,013 {50,0001 420.514 (15.501) 405.013 Total 420,514 (15.501) 405,013 The notes forni part of these financial statements Page 9
HoiTr Hill Trust Notes to the FinanciAI Statements for the Year Ended 31 December 2020 ACCOUNTING POLICIES Basis of preparing the financial statements The financial slateineiits of tlie cliarity. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charitics SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to chariiies preparing their accounts in accordance with the Financial Reportin¥ Staiidaid applicable in the UK and Republic ol. Iieldiid {FRS 1021 leltective l January 20191,, Financial Rcponing Standard 102 'Thc Financial Rcporting Standard applicablc in thc UK and Rcpiiblic of Ireland. and the c.harities Act 2011. The financial staternenrs have been prepared under the hisiori¢al cost conventLOn. Ineome All incoine is recognised in the Statement of Financial Activities once the charity has entitlement to the fLJnds, it is probable that the income will be receii'ed and the amount can be measured reliably. ExpeThditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commitiing ihe charity to that expenditure. it is probable rliar a Iransfer of economic benefirs will be required in settlement and the amount of tlie obligation can be measllrcd reliably. Expenditure is accounted for on an accrL1S basis and has bccn cl3ssifi¢d und¢r h¢adings that &ggrcg2t¢ all cost rclatcd to thc catcgory. Wh¢rc costs cannot bc dircctly attributed to particulai headings they have been allocated to activities 01) a basis consistent with the use of resources. Alloeatitsn apportionment of costs Dir¢ct costs attrihutabl¢ to a singl¢ activity are allocated direetly to that activity on an tUal basis. Shared costs Kvhich contribute directly to more than one aLtivity are apportioned between those activities based on the time spent by the relevant staff members. Tangible fixed assets Depreciation is provided at the folloMqn¥ annual rates in order to lte off each asset over its estimated useful Other assets Living Marshcs Building Other equipment Motoi" vehicles Computer and office equipment 250/0 On Cost 25Q/o on cost 25°/o on cost 250/0 on cost 330/0 on cost and 250/0 on cost Stocks Stocks are valued ai the lower of cost and net realisable value, after making due allowance for obsolete and slow Inoving items. Taxation The charity is exeTnpt from tax on its chaTitable activities. Fund accounting Unre%tricted flind% can be ed in accordance with the charitable objectives at the discretion of the trll%tee%. Restricted funds Lan only be used for particular restricted putposes within the objects of the charity. Restrictions aris¢ ivhcn spccifjcd by th¢ donor or wh¢n funds ar¢ rais¢d for particular tricted purpi)scs. Furtlier expla[tiOn of the nature and purpose of each fund 15 included in the notes to tlie fClaI statements. Hlre purchase and Icasln% eommltments Rentsls paid under operating leases are charged to the Staternent of Financial Activities on a straight line basis over the period of the lease. Page 10 continued..
HoiTr Hill Trust Notes to the FinanciAI Statements- continued for the Year Ended 31 December 2020 DONATIONS AND LECACIES 31.12.20 31.12.19 Donations Gift aid Legacies 18,390 339 84,9.36 19,733 595 103,665 20,328 OTHER TRADING ACTIVITIES 31.12.20 31.12.19 Shop inLoine Tea room income 2,631 7.877 28,654 2,631 36.531 INVESTMENT INCOME 31.12.20 31.12.19 Dividcnds rcccivcd Deposit account interest 3,059 2.014 7,534 5,073 7,534 INCOME FROM CHARITABLE ACTIVITIES 31.12.20 31.12.19 ActitY Incoining resources from cl)ariVdble activities Incoining resollrces frojn charitablt activities Incoming resources from charitable activities School courses Adult cours¢s Day visits 56.943 1,335 1,367 180,937 13,475 10,249 59,645 204,661 1141S1NG FUNDS Other trading actii'ities 31.12.20 31.12.19 Purchases 430 16,456 Pagell continued...
NO Hill Trust Notes to the FinanciAI Statements- continued for the Year Ended 31 December 2020 CHAIUTABLE ACTIVITIES COSTS Support costs (see note 8) Dlreet Cost5 Tota15 Costs of charitable activities 321,251 3,245 324,496 SUPPORT COSTS Governance cost5 Costs of charitable activities 3,245 Support costs, included in the above, are as follows.. Governance costs 31.12.20 Costs of charitable etiwities 31.12.19 Total aetivitits Auilitois, iemunerdtion Professional fees 775 2,470 775 2,650 3,245 3,425 TRUSTEES, REMUNEIL4TION AND BEf4EFITS There were no trustees, remunerntion or other benefjts for the year ended 31 December 2020 nor for the year ended 31 DecernbeF 2019. Trustees, expenses Thcr¢ wcrc no trustccs, cxpcnscs paid for thc y¢ar ¢nd¢d 31 D¢ccmbcr 2020 nor for thc ycar cndcd 31 December 2019. 10. STAFF COSTS 31.12.20 31.12.19 Wageb and salaries 195,040 233,720 195.040 233,720 The average monthly number of employees during the year was as follows.. 31.12.20 12 31.12.19 15 Support statT No employees received emolumenis in excess of £60,000. Page 12 continued..
NO Hill Trust Notes to the FinanciAI Statements- continued for the Year Ended 31 December 2020 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted lunds Total funds INCOME AND ENDOWMENTS FROM Donation5 and legacies 20,328 20,328 Charltable aetivities Incoming rc%ourccs from charitablc activitic. 204,661 204,661 Other trading activities InN'e%tment income Other inLome 36,531 7,534 49.923 36.531 7,534 49,923 TotAI 318,977 318,977 EXPENDITURE ON Raising funds 16.456 16.456 Charllable actlvities Costs of charitable activities Gavcrnancc ci)%t 397,797 775 24,448 422,245 775 Total 415,028 24,448 439,476 Net gains on investments 15,176 15,176 NET INCOMEI(EXPENDITURE) (80,8751 {24,448) 1105.3231 RECONCILIATION OF FUNDS Total funds brought forward 1,273,703 44,696 1,318.399 TOTAL FUNDS CARRIED FORTh'ARD 1,192,828 20,248 1,213,076 Page 13 continued..
NO Hill Trust Notes to the FinanciAI Statements- continued for the Year Ended 31 December 2020 12. TANCIBLE FIXED ASSETS Living Marshes Building Other assets Other equipment COST Ai l January 2020 Additions 103.047 551 61.967 151.299 1,163 At S l December 2020 103,598 152.462 DEPRECIATION At l January 2020 Charge for year 99.143 2,456 61,967 124.458 11,984 Ai 31 December 2020 101,599 61,967 136,442 NET BOUK VALUE At 31 Deceniber 2020 1,999 16,02 At 31 December 2019 3,904 26,841 Computer and oflice equipment Motor vehicles Totals COST At l January 2020 Additions 3,300 51.935 371.548 1,714 At 31 D¢ccmb¢r 2020 3,300 51,935 373,262 DEPRECIATION At l January 2020 Charge foi yeai 3,300 49,651 1,755 338,519 16,195 Ai.1 l December 2020 3.300 51.406 354.714 NET BOOK VALUE At 31 DeLeniber 2020 529 18.548 At 31 December 2019 2,284 33,029 Page 14 continued..
NO Hill Trust Notes to the FinanciAI Statements- continued for the Year Ended 31 December 2020 13. HERITACE ASSETS Th¢ Trust has d¢signatcd How Hill as a h¢ritag¢ a&5¢t as it is an assct of historical importancc that is h¢ld to advance the preservation and conservation objeLlives of the Trust. The Very long expeLted life of the property due to it's nature, value and need to be piotected and piesetved means that depreciation is not material and will, therefnre, not be provided. 14. STOCKS 31.12.20 31.12.19 Stocks 6.065 6,445 15. DEBTORS 31.12.20 31.12.19 Amounts fallinbT due within one yeaT'. Trad¢ d¢btors Prepaynien(s 8,303 8,096 7,622 7,622 16,399 Amouiits fallin¥ due aftei mole than one yeuT'. Othcr dcbtors 932 Aggregate amount 8,554 16,399 16. CREDITORS: AMOUIYTS FALLING DUE WITHIN ONE YEAR 31.12.20 31.12.19 Bank loans and overdrafts (see note 17) Trade creditors Taxation and social security Other creditors 50,0(K) 272 3,852 1.506 2,433 5,398 5.480 55,630 17. LOAP4S An analysi8 of th¢ maturity of loans is giv¢n below. 31.12.20 31.12.19 Amounts Falling due within one year on demand.. Bank overdrafts 50,000 Page 15 continued..
NO Hill Trust Notes to the FinanciAI Statements- continued for the Year Ended 31 December 2020 18. MOVEMEF4T IIY FUIYDS Net movement in fund5 At 31.12.20 At 1.1.20 UThre5trieted fud5 General fund Pioperty Fund I desi¥natedl 442.828 750,tH)O (21.165) 421.663 750.000 1.192,828 (21.165) 1,171.663 Restrieted funds Nornian Foundation for the repla¢ement boat and future repairs 20,248 (9,361) 10.887 TOTAL FUNDS 1,213,076 (30,526) 1.182,-fj50 Net movement in funds. included in the above are as follows.. Incomlng resources Resources expended Galns and losses r¥iovement in fund5 Unrestricted funds General fund 285,125 (315.565) 9.275 {21,165) Restricted funds Nornian Foui)dation for the replacement boat and future repairs 19,361) (9,3611 TOTAL FUNDS 285,125 (324,926) 9,275 (30.526) Comparatlves for movement In funds Net movement in funds At .11.12.19 Unrestricted funds Geneial fund Propety Fund ( de%ignated) 523,703 750,000 {80,875) 442.828 750.000 1,273,703 (80,875) 1.192,828 Restricted funds Appeal donaiions NoTman Foundation for the replaceinent boat and futur¢ r¢p3irs Thatch appeal 4,922 (4,9221 29,774 10,(H)O (9.526) (10.o(M)) 20,248 44,696 (24,448) 20,248 TOTAL FUNDS 1,318,399 {105,323) 1,213,076 Page 16 continued...
NO Hill Trust Notes to the FinanciAI Statements- continued for the Year Ended 31 December 2020 18. MOVEMEF4T IN FUIYDS- continucd Comparativ¢ n¢t movcmcnt in funds, includcd in thc abovc arc as follows- InCon]ig resourees Resources cxpcnded GaiThs and losses MovemeTht in funds Unrestricted funds General fund 318,977 {415,028) 15,176 {80,875) Restrieted funds Appeal donations Nornmn Foundation for the replacement bvat future repairs Thatch appeal (4,922) (4,9221 19,526) (10,oao) (9,5261 {10,0001 (24,448) {24,4481 TOTAL FUNDS 318,977 (439.476) 15.176 1105.3231 A current year 12 months and prior year 12 months combined Posiiion is as follows.. Net movement in fund5 At 31.12.20 Unrestricted funds Gent[1 fund Property Fund ( designated) 523,703 750,000 {102,0401 421,663 750.000 1,273,703 {102,04O) 1,171.663 Restricted funds Appeal dotLqlions Norn Foiiiidation for tl)e replacement boat and furnirc rcpairs Thatch appeal 4,922 (4,9221 29,774 10.000 {1 8,887) (i 0,0001 10,R87 44,696 (33,809) 10,887 TOTAL FUNDS 1,318,399 {135,849) 1,182,550 Page 17 continued...
NO Hill Trust Notes to the FinanciAI Statements- continued for the Year Ended 31 December 2020 18. MOVEMEF4T IIY FUIYDS- fontinued A curnt y¢ar 12 months and prior y¢ar 12 months combincd nct movcmcnt in fids, includcd in thc abovc arc as lollows". Incoming resources Resources expended Gains and losses Movement in funds UThre5tricted funds Gcncral fund 604,102 (730,593) 24,451 1102,040) Restricted funds Appeal donations NuTnMn Fuuiiddtion for the repldLeinent boat and futiire repairs Thatch appeal 14.922) (4.9221 (18,887) (10,000) {18,887) {10.o(x)I 133,809) {33,8091 TOTAL FUNDS 604,102 (764,402) 24,451 1135,8491 19. RELATED PARTY DISCLOSURES During the yeai Friends of How Hill donated £ 2,250 (2019 £4.85] I direct to the Trust and in addition have paid dircct on bchalf of thc TnL8t itcm% amounting to £1,164 (2019 £0)- Thcsc amounts arc includcd within Donation receii'ed 20. COVID 19 As detailed in the chairfs report, How Hill has taken advantage Of all Covid 19 to the fullest extent POS5ible. The Trustees are confident that once the Current pandemic is finished the 'normal" offering to schools and other iisers will be resumed. Page 18
NO Hill Trust D¢tailed Statement of Financial Activitie5 for the Year Ended 31 December 2020 31.12.20 31.12.19 INCOME AND ENDOW:f*iENTS Donations and legacies Doiiations Gift aid Legacies 18.390 339 84,936 19,733 595 103,665 20,328 Other trading #etivities Shop income Tea room income 2,631 7,877 28,654 2,631 36,531 Investment income Dividends received Deposit account interest 3,059 2,014 7,534 5,073 7.534 Charitahle activities School courses Adult COUTSe5 Day visits 56,943 1.335 1,367 180,917 13,475 10,249 59.645 204,661 Other Income Special event5 Othcr incomc Covid 19 related syants 1,563 12,754 99.794 13,698 36,225 49,923 Total incoming resource5 285,125 318,977 EXPENDITURE Other trading activities Shop costs Tea rooin costs 430 2,241 14,215 430 16,456 Ch&ritable actii'ities Wages Hire of plant and machinery Carricd fonvard 195.040 874 195,914 233,720 865 234,585 This page does not forni part of the statutory finanLial statemei)ts Page 19
NO Hill Trust D¢tailed Statement of Financial Activitie5 for the Year Ended 31 December 2020 31.12.20 31.12.19 Charitable activities Brouglii lorward Rent & rates Insuran¢¢ Light. heat and fuel Postage and telephone Advertising Training and Sundries Course expenses Catering Event expenses Laundry Repairs and maintenance Coinpuler expenses and software Books & educational costs Printing and 8tstion¢ry Depreciation of thngible fixed assets Bank charbTe5 & interest 195,914 4,514 20,526 9,850 2,120 234,585 4,310 17,452 15,055 3,128 2,749 8,759 8,186 16,534 379 1,818 ¥7,536 2,578 45 7,639 4,757 200 120 55,041 2,126 45 610 16.195 983 15,764 717 321.251 419,595 Support costs GovernAn¢e Costs Auditors, remuneration Professional fees 775 2,470 775 2,650 3.245 3,425 Total resOUeS expended 324,926 439,476 Net expenditure 139,801) (120,499) This page does not forni part of the statutory financial stateinents Page 20