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2024-12-31-accounts

Charity Registration Number : 289171

HOW HILL TRUST

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

HOW HILL TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees Mr M Flett Prof T Jickells Ms N Hems Dr K Bacon Mr A Scull Mr T Harper Charity Number 289171 Registered Office How Hill Ludham Great Yarmouth NR29 5PG Independent Examiner David Wright FCA Wright Accountancy 83 Cromwell Road Norwich NR7 8XJ

HOW HILL TRUST

CONTENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees' Report

Independent Examiner's Report

Statement of Financial Activities

Balance Sheet

Notes to the Financial Statements

HOW HILL TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their annual report and financial statements for the year ended 31 December 2024 .

Page 1 of 17

Objectives and activities

Objects and aims

The primary objective of the Trust is to promote, maintain, improve and advance public education in the broadlands by the provision of educational facilities at How Hill in Norfolk and the conservation of the How Hill House for the benefit of the public.

Objectives, strategies and activities

The Trust derives a significant proportion of its income from the charges made for courses, as well as from open days and sundry sales. Income is also derived from donations and grants, details of which are given in the accounts. The costs of running How Hill are under constant review, but inevitably repairs and maintenance of this thatched listed building take a high priority. A further review of the Trust's activities is given in the Chairman's statement.

Public benefit

The range of public benefits provided by the How Hill Trust includes the following:

Heritage - How Hill House is a prominent landmark at the heart of the Broads which is very much cherished by the public. The trustees undertake to maintain this building and its grounds for the good of the community.

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 unrestricted free car parking and access to the extensive, regularly mown, 'Fisherman's Field' - a large open space which is made available without constraint for picnics, kite flying, dog walking, ball games and other informal recreation. This area also leads to waterside paths where the public may freely walk and enjoy exterior views of three contrasting Broadland drainage windmills, as well as angling by the river. The 'Fisherman's Field' is used freely almost every day by groups visiting the Broads by river, particularly disabled children brought from Neatishead by the Nancy Oldfield Trust. Public toilet facilities are provided during daylight hours throughout this period and this facility is cleaned and serviced.

Education - The Trust's central role, enshrined in its Trust deed, is the provision of residential environmental educational courses for schoolchildren. There is no restriction as to the age or ability of pupils, ethnic or geographical origin, creed or class. All the courses which the Trust offers may be subsidised if required.

Adult courses - The Trust offers a number of adult courses, which are open to anyone regardless of background or ability.

Information for Schools and Schoolchildren - The Trust provides, at no charge, an unlimited advisory and information service for children, students or teachers who may request information on any topic associated with the Trust's work, in particular with respect to the broadland environment. Occasionally the Trust is asked by members of the public to provide a more general conservation and natural history service, and this is also provided free of charge.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Financial review

Policy on reserves

The charity's free reserves (represented by cash balances, stocks, debtors less creditors in unrestricted funds) at 31 December 2024 were in surplus by £114,020 (2023 - £91,738). The Trustees recognise the need to maintain a certain level of reserves in order to have funds available for major repairs and maintenance. It is their intention to build up the charity's free reserves to the equivalent of four month's operating expenditure which would amount to approximately £100,000. The Trustees are constantly aware of the need to protect and maintain How Hill, the Trust's sole property. As an important listed building, more than a century old, with a substantial thatched roof, future maintenance of the house will require considerable resources to be expended.

Investment policy and objectives

The Trustees have determined that all investment decisions will be taken by the entire Board of Trustees and not delegated to any individual officer or agent. The Trustees review investments at any meeting and will in any case review all investments annually. They seek advice from outside agencies,advisers or brokers but will not delegate responsibility to run them. The Trustees will at all times exercise caution and discretion in their choice of investments and will seek stability and balance through proven investment vehicles.

Plans for future periods

Aims and key objectives for future periods

After making appropriate enquiries, the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Structure, governance and management

Nature of governing document

Page 2 of 17

Throughout this document, any reference to How Hill shall be construed to mean the enterprise operated by the How Hill Trust, including How Hill House, its grounds and gardens, and leased domain situated in the hamlet of How Hill at Ludham in the County of Norfolk, in distinction to anyother property situated in the same area of Ludham.

Governing Document and history: The Trust is a registered charity (registered number 289171), created under a deed dated 21 February 1984.

Recruitment and appointment of trustees

Trustees shall be persons who through residence, occupation, employment or otherwise have special knowledge of the area o benefit or who are otherwise able by virtue of their personal or professional qualifications to make a contribution to the pursuit of the objects or management of the charity. The Trustees have the power to appoint new Trustees.

Induction and training of trustees

All new Trustees are provided with: The Trust Deed of the Charity, the latest accounts of the Charity and details of the Charity Commission publication - 'The Essential Trustee 'What you need to know''. In addition, Trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities.

Organisational structure

The Trustees meet quarterly and the director of the Trust reports directly and fully to their meetings. In addition, an Executive Committee of the Chairman, Vice Chairman and Director meet on a regular basis. Day-to-day management, including recruitment and control of staff, is entirely devolved to the Director. The Trustees have established a Finance Committee which comprises three Trustees and the Director and are able to provide guidance and assistance to the Board in all matters relating to budgeting and finance. The committee meets three times a year and reports to the Board.

Chairman's statement

I am delighted to write this report, as this year is my first full year as Chairman. This has a been a challenging yet rewarding year for How Hill, but importantly the future is positive!

There have been increased costs throughout the year, not least with oil and electricity costs. However, difficult though this is, the work undertaking during the Covid era, providing en-suite facilities to all the bedrooms, has proved a vital investment. Similar centres to How Hill have been closing, but because we can attract adults (due to the improved bedrooms) we have been able to continue. Without the investment in the bedrooms, it is not wrong to say we would be in very serious financial difficulties.

Looking at income, the decision was taken to stop offering a tearoom facility during the summer months. This was putting considerable strain on the How Hill kitchen and was proving to be less and less profitable. A ‘catering outlet’ can be an attraction to visitors to the How Hill estate and the Broads Authority were keen to have a ‘horsebox’ coffee outlet at Toadhole Cottage. Unfortunately, this proved impossible, but I am hopeful they can arrange something similar in 2025.

School bookings, both residential and day visits have remained steady, whilst income from adult groups has continued to increase and I see no reason why adult groups cannot continue to grow as we look forward to the next few years.

Looking at staffing, after 12 years our education manager Lizzy Ames left for pastures new, and I am delighted that Lynsey Skeates (an existing member of the education team) was appointed to replace Lizzy.

We have been working hard to facilitate the restoration of the three ‘How Hill’ mills. A heritage lottery grant expression of interest has been developed led by Norfolk County Council together with How Hill, the Broads Authority and Wherry Yacht Charter. This will seek to develop the whole of the How Hill estate including How Hill House, the three drainage mills, extra mooring for wherries and a visitor centre. It will be interesting to hear what the lottery people think of this bid.

The most important event of the year was the How Hill Trust’s 40th anniversary event held in early August. This was attended by many people who have had a significant impact on How Hill over the last forty years, including a speech by Baroness Shephard of Northwold (whose late husband has been an original trustee back in the early 1980s).

I must thank my fellow trustees for their continued help and support throughout the year. I must thank Terry Harper who stood down at the end of the year after many years of positive help and ideas.

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

Page 3 of 17

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the trustee and signed on its behalf by:

---------------------------------------------------Mr A Scull Trustee Date : 30 September 2025

Page 4 of 17

HOW HILL TRUST

INDEPENDENT EXAMINER'S REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Independent Examiner’s Report to the Trustees of How Hill Trust

I report to the Charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which consists of 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 accounts in accordance with the requirements of the Charities Act 2011 ('the Act')

I report in respect of my examination of the charity's accounts 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

The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ICAEW

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

Name: David Wright FCA Date: 30 September 2025

Page 5 of 17

HOW HILL TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

Recommended
categories by activity
Notes
Income and
endowments from:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments
5
Other
6
Total
Expenditure on:
Raising funds
7
Charitable activities
8
Other
10
Total
Net
income/(expenditure)
Transfers between
funds
Other recognised
gains/(losses):
Other gains/(losses)
Net movement in
funds
Reconciliation of
funds:
Total funds brought
forward
Total funds carried
forward		 Unrestricted
funds
£
150,580
296,803
6,693
1,633
8,117
463,826
2,785
433,300
4,443
440,528
23,298
133
(1,150)
22,281
1,045,798
1,068,079		 Restricted
income funds
£
23,897
-
-
-
-
23,897
-
23,897
-
23,897
-
(133)
-
(133)
133
-		 Total Funds
2024
£
174,477
296,803
6,693
1,633
8,117
487,723
2,785
457,197
4,443
464,425
23,298
-
(1,150)
22,148
1,045,931
1,068,079		 Total Funds
2023
£
31,731
266,207
37,928
3,012
10,551
349,429
7,828
421,052
6,732
435,612
(86,183)
-
6,504
(79,679)
1,125,608
1,045,929

Page 6 of 17

HOW HILL TRUST

BALANCE SHEET

FOR THE YEAR ENDED 31 DECEMBER 2024

ALANCE SHEET
OR THE YEAR ENDED 31 DECEMBER 2024
Recommended categories by
activity
Notes
Unrestricted funds
£
Total
Fixed assets
Tangible assets
14
962,945
Total fxed assets
962,945
Current assets
Stocks
5,530
Debtors
16
15,022
Cash at bank and in hand
17
108,301
Total current assets
128,853
Creditors: amounts falling due
within one year
18
23,720
Net current assets/(liabilities)
105,133
Total net assets or liabilities
1,068,078
Funds of the Charity
Unrestricted funds
19
1,068,079
Restricted income funds
19
Endowment funds
19
Total funds
1,068,079		 Funds 2024
£
Total
962,945
962,945
5,530
15,022
108,301
128,853
23,720
105,133
1,068,078
1,068,079
-
-
1,068,079		 Funds 2023
£
967,388
967,388
6,048
12,836
91,889
110,773
32,229
78,544
1,045,932
1,045,798
133
-
1,045,931

The financial statements were approved by the trustees on 30 September 2025 and signed on its behalf by:

Mr A Scull Trustee Date : 30 September 2025

Page 7 of 17

HOW HILL TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. Accounting Policies

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

1.1 Basis of preparation

How Hill Trust meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

1.2 Going concern

The Trustees have taken into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.

1.3 Income from donations or grants

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has an entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

1.4 Legacies

Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.

1.5 Contractual income and performance related grants

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

1.6 Income from charitable activities

Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

1.7 Investment income

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

1.8 Investment gains and losses

This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

Page 8 of 17

1.9 Expenditure

All expenditure is recognised (inclusive of irrecoverable VAT) once there is a legal or constructive obligation to that expenditure, it is probable that settlement is required and the amount can be measured reliably.

All costs are allocated to the applicable expenditure heading that aggregates similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.

Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in all fundraising activities, events, non-charitable trading activities and the sale of donated goods.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Other expenditure

Other expenditure comprises all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

Governance costs

These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees' meetings and reimbursed expenses.

1.10 Pensions

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

1.11 Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

1.12 Creditors

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Page 9 of 17

1.13 Financial instruments

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Recognition and measurement

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Impairment

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Debt instruments

Debt instruments are subsequently measured at amortised cost.

Investments

Where investments in 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 recogiised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Derivative financial instruments

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Fair value measurement

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

1.14 Fund accounting

Unrestricted funds are those funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds are unrestricted funds which have been set aside for specific purposes at the discretion of the trustees.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes.

Page 10 of 17

1.15 Tangible fixed assets

Tangible assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation is provided on tangible fixed assets at rates calculated to write off the cost or valuation, less their estimated residual value, over their expected useful lives on the following basis:

Name Rate (%) Method
Plant and machinery 33 Reducing balance
Fixtures, fttings and equipment 33 Reducing balance
Motor vehicles 33 Reducing balance
Living marshes 33 Reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

1.16 Heritage assets

The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture.

Heritage assets initially recognised at cost may continue to be carried at historical cost subject to any depreciation or impairment, or charities may choose to adopt a policy of valuation.

A heritage asset must be depreciated over its useful economic life. However, certain heritage assets may have indefinite lives and are therefore not depreciated. In either case, a heritage asset must be reviewed at the reporting date for impairment. Impairment may be due to physical deterioration, breakage, new evidence giving rise to doubts as to its authenticity, or other factors.

1.17 Stocks and work in progress

Stocks held for sale as part of non-charitable trade are measured at the lower cost or net realisable value, after due regard for obsolete and slow moving stocks.

Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock.

1.18 Debtors

Debtors (including trade debtors) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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2. Income from Donations and Legacies

Analysis
Unrestricted funds
Restricted income
funds
£
£
Donation and gifts
20,447
-
General grants
provided by
Government/other
charities
2,000
23,897
Gift Aid
2,133
-
Legacies
126,000
-
150,580
23,897
3. Income from Charitable Activities
Analysis
Unrestricted funds
£
Adult day visits
200
Adult residential courses
29,575
Other income
1,520
Residential other
1,900
School day visits
21,147
School residential visits
169,809
Venue hire
70,034
Young persons events
2,618
296,803
4. Income from Other Trading Activities
Analysis
Unrestricted funds
£
Shop income
6,693
Tea room income
-
6,693
5. Income from Investments
Analysis
Unrestricted funds
£
Interest income
1,633
1,633
6. Other Income
Analysis
Unrestricted funds
£
Garden entry
1,305
Special events income
5,354
Wherry events
1,458
8,117
7. Expenditure on Raising Funds
Analysis
Operating charity shops		 Analysis
Unrestricted funds
Restricted income
funds
£
£
Donation and gifts
20,447
-
General grants
provided by
Government/other
charities
2,000
23,897
Gift Aid
2,133
-
Legacies
126,000
-
150,580
23,897
3. Income from Charitable Activities
Analysis
Unrestricted funds
£
Adult day visits
200
Adult residential courses
29,575
Other income
1,520
Residential other
1,900
School day visits
21,147
School residential visits
169,809
Venue hire
70,034
Young persons events
2,618
296,803
4. Income from Other Trading Activities
Analysis
Unrestricted funds
£
Shop income
6,693
Tea room income
-
6,693
5. Income from Investments
Analysis
Unrestricted funds
£
Interest income
1,633
1,633
6. Other Income
Analysis
Unrestricted funds
£
Garden entry
1,305
Special events income
5,354
Wherry events
1,458
8,117
7. Expenditure on Raising Funds
Analysis
Operating charity shops		 Analysis
Unrestricted funds
Restricted income
funds
£
£
Donation and gifts
20,447
-
General grants
provided by
Government/other
charities
2,000
23,897
Gift Aid
2,133
-
Legacies
126,000
-
150,580
23,897
3. Income from Charitable Activities
Analysis
Unrestricted funds
£
Adult day visits
200
Adult residential courses
29,575
Other income
1,520
Residential other
1,900
School day visits
21,147
School residential visits
169,809
Venue hire
70,034
Young persons events
2,618
296,803
4. Income from Other Trading Activities
Analysis
Unrestricted funds
£
Shop income
6,693
Tea room income
-
6,693
5. Income from Investments
Analysis
Unrestricted funds
£
Interest income
1,633
1,633
6. Other Income
Analysis
Unrestricted funds
£
Garden entry
1,305
Special events income
5,354
Wherry events
1,458
8,117
7. Expenditure on Raising Funds
Analysis
Operating charity shops		 Total funds 2024
£
20,447
25,897
2,133
126,000
174,477
Total funds 2024
£
200
29,575
1,520
1,900
21,147
169,809
70,034
2,618
296,803
Total funds 2024
£
6,693
-
6,693
Total funds 2024
£
1,633
1,633
Total funds 2024
£
1,305
5,354
1,458
8,117
Total funds 2024
£
2,785		 Total funds 2024
£
20,447
25,897
2,133
126,000
174,477
Total funds 2024
£
200
29,575
1,520
1,900
21,147
169,809
70,034
2,618
296,803
Total funds 2024
£
6,693
-
6,693
Total funds 2024
£
1,633
1,633
Total funds 2024
£
1,305
5,354
1,458
8,117
Total funds 2024
£
2,785		 Total funds 2023
£
19,713
2,000
-
10,018
31,731
Total funds 2024
£
200
29,575
1,520
1,900
21,147
169,809
70,034
2,618
296,803
Total funds 2024
£
6,693
-
6,693
Total funds 2024
£
1,633
1,633
Total funds 2024
£
1,305
5,354
1,458
8,117
Total funds 2024
£
2,785		 Total funds 2023
£
2,330
15,612
1,472
4,115
13,856
178,394
45,649
4,779
266,207
Total funds 2023
£
7,460
30,468
37,928
Total funds 2023
£
3,012
3,012
Total funds 2023
£
3,947
6,744
(140)
10,551
Total funds 2023
£
7,828
2,785 7,828

3. Income from Charitable Activities

4. Income from Other Trading Activities

5. Income from Investments

6. Other Income

7. Expenditure on Raising Funds

Page 12 of 17

8. Expenditure on Charitable Activities

Analysis
Cleaning
Motor expenses
Sundry expenses
Legal and professional fees
Bank charges
Subcontract cost
Travelling
Rates
Light, heat and power
Insurance
Repairs and maintenance
General maintenance
Telephone and fax
Computer software and maintenance costs
Hire of other assets (Op lease)
Catering costs
Event expenses
Course expenses
Wages and salaries
Staf NIC (Employers)
Staf pensions (Defned Contribution)
Interest payable
Advertising and marketing
Support Costs		 Total funds 2024
£
4,438
607
3,482
2,750
453
5,071
-
2,695
35,904
26,180
52,698
8,934
3,075
206
878
28,257
880
16,073
234,616
15,700
12,078
564
858
800		 Total funds 2023
£
2,071
669
2,999
1,420
464
10,485
(47)
2,123
27,846
23,840
17,662
9,558
1,802
430
743
33,532
618
12,446
241,970
17,108
11,637
894
-
782
457,197
421,052

9. Support Costs

Analysis
Governance Costs
Independent examiners fees
10. Other Expenditure
Analysis
Unrestricted funds
£
Depreciation Charge for the Year -
Plant & Machinery
-
Depreciation Charge for the Year -
Fixtures & Fittings
4,443
4,443
11. Details of certain Items of Expenditure
Independent examiner’s fees		 Total funds 2024
£
800		 Total funds 2023
£
782
800
782
Total funds 2024
Total funds 2023
£
£
-
4,802
4,443
1,930
4,443
6,732
This year
Last year
£
£
800
782		 Total funds 2023
£
4,802
1,930
6,732

10. Other Expenditure

11. Details of certain Items of Expenditure

Page 13 of 17

12. Employee’s Emoluments

12.1 Staff Costs

Salaries and wages
Social security costs
Pension costs (defned contribution scheme)
Other employee benefts
Total staf costs		 This year
£
Last year
£
234,616
241,970
15,700
17,108
12,078
11,637
262,394
270,715

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

13. Defined contribution Pension Scheme

Amount of contributions to defned contribution pension schemes,
recognised in the SOFA as an expense
14. Tangible Fixed Assets
Freehold Land &
Buildings
Other Land &
Buildings
£
£
14.1 Cost or valuation
At 01 January 2024
954,059
61,967
Additions
-
-
Disposals
-
-
Revaluations
-
-
Transfers
-
-
At 31 December 2024
954,059
61,967
14.2 Depreciation and impairments
At 01 January 2024
-
61,967
Charge for the year
-
-
Disposals
-
-
Revaluations
-
-
Transfers
-
-
At 31 December 2024
-
61,967
14.3 Net book value
At 01 January 2024
954,059
-
At 31 December 2024
954,059
-		 Amount of contributions to defned contribution pension schemes,
recognised in the SOFA as an expense
14. Tangible Fixed Assets
Freehold Land &
Buildings
Other Land &
Buildings
£
£
14.1 Cost or valuation
At 01 January 2024
954,059
61,967
Additions
-
-
Disposals
-
-
Revaluations
-
-
Transfers
-
-
At 31 December 2024
954,059
61,967
14.2 Depreciation and impairments
At 01 January 2024
-
61,967
Charge for the year
-
-
Disposals
-
-
Revaluations
-
-
Transfers
-
-
At 31 December 2024
-
61,967
14.3 Net book value
At 01 January 2024
954,059
-
At 31 December 2024
954,059
-		 Amount of contributions to defned contribution pension schemes,
recognised in the SOFA as an expense
14. Tangible Fixed Assets
Freehold Land &
Buildings
Other Land &
Buildings
£
£
14.1 Cost or valuation
At 01 January 2024
954,059
61,967
Additions
-
-
Disposals
-
-
Revaluations
-
-
Transfers
-
-
At 31 December 2024
954,059
61,967
14.2 Depreciation and impairments
At 01 January 2024
-
61,967
Charge for the year
-
-
Disposals
-
-
Revaluations
-
-
Transfers
-
-
At 31 December 2024
-
61,967
14.3 Net book value
At 01 January 2024
954,059
-
At 31 December 2024
954,059
-		 This year
£
12,078
Motor Vehicles
£
3,300
-
-
-
-		 Last year
£
11,637
Fixtures &
Fittings
£
333,852
-
-
-
-
954,059 61,967 3,300 333,852
61,967
-
-
-
-		 3,300
-
-
-
-		 320,523
4,443
-
-
-
- 61,967 3,300 324,966
954,059 - - 13,329
954,059 - - 8,886

14. Tangible Fixed Assets

Page 14 of 17

15. Heritage Assets

The Trust has designated How Hill as a heritage asset (included within Tangible Freehold Property) as it is an asset of historical importance that is held to advance the preservation and conservation objectives of the Trust.

The very long expected life of the property, due to its nature, value and need to be protected and preserved means that depreciation is not material and will, therefore, not be provided.

16. Debtors: Amounts falling due within one year

Prepayments & accrued income
Trade debtors
Other debtors		 Total funds 2024
£
9,719
275
5,028
15,022		 Total funds 2023
£
8,862
-
3,974
12,836

17. Cash at bank and in hand

Bank deposit 1
Bank deposit 2
Bank deposit 3
Bank - current account		 Total funds 2024
£
84,075
10,743
8,000
5,483
108,301		 Total funds 2023
£
59,515
17,208
10,038
5,128
91,889

18. Creditors: Amounts falling due within one year

Bank loans and overdrafts
Trade creditors
Accruals and deferred income
Taxation and social security		 Total funds 2024
£
15,649
2,526
800
4,745
23,720		 Total funds 2023
£
25,757
-
800
5,672
32,229

Page 15 of 17

19. Charity funds

19.1 Details of material funds held and movements during the CURRENT reporting period

Fund names
Unrestricted
funds
Designated
fund
General Fund
Restricted
income funds
Restricted
fund
Total		 Fund
balances
brought
forward
Income
Expenditure
Transfers
Gains and
losses
Fund
balances
carried
forward
£
£
£
£
£
£
954,059
-
-
-
-
954,059
91,739
463,827
440,529
133
(1,150)
114,020
133
23,897
23,897
(133)
-
-		 Fund
balances
brought
forward
Income
Expenditure
Transfers
Gains and
losses
Fund
balances
carried
forward
£
£
£
£
£
£
954,059
-
-
-
-
954,059
91,739
463,827
440,529
133
(1,150)
114,020
133
23,897
23,897
(133)
-
-
1,045,931
487,724
464,426
-		 (1,150)
1,068,079

Restricted fund income in the current year includes Grant income received from the Broads Authority which part funded replacement walkway/decking works, included within repairs expenditure.

19.2 Details of material funds held and movements during the PREVIOUS reporting period

Fund names
Unrestricted
funds
General Fund
Designated
fund
Restricted
income funds
Restricted
fund
Total		 Fund
balances
brought
forward
Income
Expenditure
Transfers
Gains and
losses
Fund
balances
carried
forward
£
£
£
£
£
£
193,238
354,462
430,272
(25,689)
-
91,739
928,370
-
-
25,689
-
954,059
4,000
-
3,867
-
-
133		 Fund
balances
brought
forward
Income
Expenditure
Transfers
Gains and
losses
Fund
balances
carried
forward
£
£
£
£
£
£
193,238
354,462
430,272
(25,689)
-
91,739
928,370
-
-
25,689
-
954,059
4,000
-
3,867
-
-
133		 Fund
balances
brought
forward
Income
Expenditure
Transfers
Gains and
losses
Fund
balances
carried
forward
£
£
£
£
£
£
193,238
354,462
430,272
(25,689)
-
91,739
928,370
-
-
25,689
-
954,059
4,000
-
3,867
-
-
133
1,125,608
354,462
434,139
-		 - 1,045,931

Page 16 of 17

19.3 Designated funds

This year
Planned use Purpose of the designation Amount
How Hill House To recognise the capital value of the Heritage Asset of How Hill
House as a non-distributable fund		 954,059
Last year
Planned use Purpose of the designation Amount
How Hill House To recognise the capital value of the Heritage Asset of How Hill
House as a non-distributable fund		 954,059

20. Average Number of Employees

Average number of employees during this year : 9 and last year : 9

Page 17 of 17