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← Norfolk Community Foundation

2024-12-31-accounts

Trustees Annual Report & Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2024 TOGETHER, NORFOLK SHINES BRIGHTER

47 Aggregated balance sheet

Contents

Reference and administrative details

01-40 Trustees’ Annual Report

45 Aggregated statement of financial activities

46 Aggregated summary income and expenditure account

Name of charity:

Norfolk Community Foundation

Charity registration number: 1110817

Company registration number: 05234236

Address of principal and registered

Chief Executive:

Claire Mackintosh MBE

Bankers:

Barclays Bank Plc, 5/7 Red Lion Street, Norwich, NR1 3QH

Auditors:

Larking Gowen LLP, 1st Floor Prospect House, Rouen Road, Norwich, NR1 1RE

office:

48 Cash flow statement

1st Floor, Carmelite House, 2 St James Court, Whitefriars, Norwich, NR3 1SL

Solicitors:

Mills & Reeve LLP, 1 St James Court, Whitefriars, Norwich, NR3 1RU

Trustees:

49-86 Notes to the financial statements

Fiona McDiarmid – appointed as Chair 4th January 2024

Edward Savory – appointed 4th January 2024

Tom Burdett

Simon Brickles - retired 2nd December 2024

Investment Managers:

Barclays Wealth, Level 15, 1 Churchill Place, Canary Wharf, London E14 5HP Barratt & Cooke Limited, 5 Opie Street, Norwich, NR1 3DW

CCLA, Senator House, 85 Queen Victoria Street, London EC4V 4ET

Jessica Middleton

Richard Ross – resigned 23rd September 2024

Jennifer Watson

– Rosalyn Proops resigned 4th January 2024

Simon Bailey - Chair – resigned 4th January 2024

Catherine Scott – appointed 23rd September 2024

George Sergent – appointed 23rd September 2024

Krishna Sethia – appointed 23rd September 2024

Peter Joyner – appointed 1st January 2025

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Objectives and activities

accessible, strategic, and impactful, we ensure support reaches those who need it most.

Aims

The principal objects and activities of Norfolk Community Foundation (NCF) are;

Our vision and mission together

NCF exists to build Norfolk communities from the ground up, to be vibrant and equitable with opportunities for all, now and always.

For over 20 years NCF, has been inspiring giving to tackle immediate need and long term social change.

We achieve this by:

In shaping our objectives for the year and planning our activities, the Trustees have had due regard to the Charity Commission’s guidance on public benefit, particularly the guidance contained in ‘Charities and Public Benefit’ (PB1)

Better giving, greater impact

NCF provides a clear, effective framework to help donors achieve their philanthropic goals, inspiring new giving and increasing funding for Norfolk’s grassroots charities and community groups. By making giving

Significant activities: Building stronger communities

Our partnerships with donors, close working relationships with local grassroots charities and dynamic understanding of community issues allowed us to respond to emerging needs throughout 2024 in Norfolk. Our fundraising and grant making activities have been shaped in response to that need. Our national relationships enabled us to leverage additional funding into Norfolk to match local appetite for support.

Through its donors and partners, NCF provides community investment to enable the work of grassroots charities and community groups to rapidly respond to emerging local challenges and continue to operate sustainably.

Grants totalling £7,940k were awarded during the financial period (note 6) – this consisted of £7,759k in grants to 550 community groups and other voluntary organisations, and £181k to 581 individuals thus demonstrating NCF’s commitment towards providing public benefit to a wide variety of charitable purposes working across the county.

NCF has £25m of endowed funds which will enable income for grant giving in perpetuity and provide long term financial public benefit.

Resources spent on particular activities

In 2024, Norfolk Community Foundation employed 26 staff members (22 FTE) to manage over 260 donor funds, including 175 restricted revenue funds and endowment (capital) funds. Direct staff costs for fund management and grantmaking totalled £735k, supporting key activities such as:

Strategic investments and growth

21% of direct staff costs were covered by external funding, enabling:

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Fundraising and governance

The cost of raising funds, including staff expenses, totalled £362k, with a focus on:

Support and governance costs reached £109k, ensuring:

Strategic review

In 2024, building on a platform of transactional excellence, we deepened our focus on supporting transformational work in our communities. This strategic shift has been enabled by:

As part of this evolution, the Foundation launched six bold Missions in 2024, each designed to address the most pressing challenges facing Norfolk’s communities. The Missions reflect a proactive, strategic approach to creating lasting impact, from early intervention in youth mental health to grassroots responses to local needs.

Our six Missions are building a Norfolk that is...

Good to grow up in

Sustainable

Norfolk is at risk from climate change. From rewilding neglected urban spaces to reducing local carbon footprints, our Greening our Communities mission supports local groups bringing people together to take climate action, improve wellbeing, and create places where nature and community thrive side by side.

30,000 Norfolk children live in lowincome households. Our A Better Childhood mission funds local projects that build communities where children can thrive and flourish. We ensure families are supported so children feel seen, valued and encouraged.

Full of opportunities

Connected

Our Skills for Norfolk mission funds projects that help people develop skills, access training, and build careers. We know local communities are uniquely positioned to support those furthest from the workplace, helping them build confidence, overcome obstacles and take their next steps towards working.

We know 85% of charitable donations go to big-name charities, leaving vital local communities behind. Our mission Love Norfolk changes that. Powered by our Norfolk 100 members, it provides essential, local funding to back community activities connecting people around their interests, challenges and where they live.

Nourished

Resilient

Accessing food at a price that feels affordable is harder in Norfolk than in many other parts of the country. has created a Nourishing Norfolk network of hubs that not only offer lower-cost food, but also provide the practical support individuals and families need to move from surviving to thriving.

We have built a local network supporting young people in Norfolk who face rising mental health challenges and long waits for help. Our Young People’s Mental Health mission helps create safe, trusted spaces in communities where young people can build resilience and access support where they live.

These Missions build on the strong foundations laid in previous years through strategic funds, are shaped by local insight, and designed to deliver sustained, measurable impact.

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Community investment: Strengthening Norfolk together

NCF drives meaningful community investment, providing funding, expertise, and partnerships to empower local people and grassroots organisations. Working with individuals, businesses, public bodies, and charities, we invest in grant programmes, professional support, research, and direct funding to create lasting change.

Our approach is shaped by these core principles:

How we deliver change:

1. Knowledge: Informed by research, trusted relationships, and sector expertise.

2. Partnerships: Leveraging crosssector support to invest in community-led solutions.

3. Action: Funding grassroots projects, convening networks, and strengthening the VCSE sector through tailored support.

Our key initiatives:

We continually refine our approach, ensuring Norfolk’s communities thrive, with investments that deliver real impact, build resilience, and create lasting opportunities for all.

Case study: More than just a funder

website, making their e-learning platform more accessible to help build their community’s skills.

Cup-O-T: Wellness and Therapy Services offers a warm, supportive environment for young people and their families. Through nature-based workshops, they provide mental health support that makes a difference.

Building networks: Through our Sir Norman Lamb Coalition for Young People, Cup-O-T connect with other grassroots groups and professionals, opening doors to new opportunities and partnerships.

Funding for action: Our grants helped them grow their programmes, reaching more people in need of calm, connection and confidence.

Today, Cup-O-T is thriving not just because of funding, but because of the collaborative ecosystem that surrounds them. It’s a great example of how we make local giving go further.

Extra support: Through Good for Good, we matched Cup-O-T with Byra Marketing, who provided free help to redesign their

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Fundraising

NCF are clear about how any donations or gifts will be used and uphold the rights, dignities and privacy of all supporters and beneficiaries. No undue pressure is applied to prospective donors to make gifts, and we respect the decisions of those who decide not to give or wish to cease giving. NCF does not employ professional telephone or street fundraisers or commercial participators to carry out our fundraising activities nor does NCF directly approach members of the public.

As a fully accredited member of the UKCF (United Kingdom Community Foundations), and one of 47 foundations operating across the UK, NCF complies with all relevant statutory regulations, including the Charities Act 2011, Data Protection Act 1988, GDPR and the Privacy and Electronic Communications Regulations 2003. We are committed to act in ways that are legal, open, honest and respectful, striving for best practice in fundraising by complying with a range of codes of practice, including being registered with the Fundraising Regulator, adhering to its Code of Fundraising practice and Fundraising promise. This includes logging, recording, and responding to any complaints.

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Achievements and Performance

Delivering Impact Across Norfolk in 2024

programmes focused on:

In 2024, Norfolk Community Foundation continued to strengthen its role as a trusted partner for communities across the county delivering targeted investment, responsive support, and long-term solutions to the challenges facing local people. Through a combination of strategic mission-led funding and agile responses to emerging needs, NCF remained committed to addressing disadvantage, reducing inequality, and improving quality of life for those most at risk of being left behind.

We also continued to deliver grants to individuals through trusted local partners, offering direct support to those navigating difficult life circumstances, particularly during periods of transition or crisis.

Our Missions

Over the course of the year, NCF distributed £7.9 million in grant funding, supporting 550 community groups and charities and 581 individuals facing hardship or life transitions. Every grant reflected our core purpose: to empower communities, unlock potential, and build a fairer, more resilient Norfolk.

At the heart of our strategy in 2024 was the continued development of our mission-led approach, designed to tackle the root causes of inequality and create lasting change. These six Missions reflect the priorities of Norfolk’s communities and NCF’s commitment to long-term, placebased impact.

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Grantmaking highlights
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£7.9m distributed 1,580 grant
in grant funding awards
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550 community 581 individuals groups and facing hardship charities or life transitions supported supported

Breakdown of grants

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Early years 2.1% Greening our
Communities 1.7%
Individuals 2.3%
Research 0.1%
Youth mental
health 3% Community
building 29.5%
Nourishing
4.8%
Norfolk
Skills 8.4%
Health 10.7%
Cost of
Arts and sports 11.7% living 25.6%
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MISSION: LOVE NORFOLK Funding local action that builds stronger communities

innovative partnerships with care homes, schools, and local charities, they have embraced creative methods to build intergenerational friendships. One particularly impactful initiative involves hosting baby groups within care homes, offering residents a chance to engage with the youngest members of the community.

In 2024, £2,343,247 was invested to support grassroots groups and local leaders working to build stronger, more connected communities. This mission area recognises that local people understand their challenges best and are uniquely placed to drive meaningful change. Funding provided resources for community-driven projects, strengthened voluntary sector resilience, and created inclusive spaces where people can belong and thrive.

The impact of this work is profound. The daughter of one care home resident living with dementia shared: “He seems to come alive when the children from Friend In Deed visit him. It’s almost as if the years have been stripped away and he’s my old dad again.”

Building stronger communities through intergenerational connection

Investing in community-led initiatives is vital to fostering meaningful connections and ensuring a better future for all. Friend In Deed exemplifies this approach by bringing together parents, babies, and older individuals, creating opportunities for joy and companionship that transcend generations.

This initiative not only enriches the lives of older people but also fosters empathy and understanding among younger generations. By championing these connections, Friend In Deed is helping to shape a society where no one feels isolated and every generation has the opportunity to experience the joy of community.

With support from Love Norfolk funding, Friend In Deed has played a pivotal role in addressing social isolation. Through

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This place has given me a solution
and has helped my sense of
wellbeing so that I can manage
other parts of my life.
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MISSION: NOURISHING NORFOLK Affordable food, healthier communities

Nourishing Norfolk supports food hubs where people can buy lowcost food, access support, and feel a part of their community. With £382,280 invested in 2024, Nourishing Norfolk continued to grow and support its network of 26 food hubs across the county. Since 2020, these hubs have provided access to affordable food to around 15,000 households while also offering wraparound support and community connection. The programme has helped reduce food insecurity, increased dignity in food access, and provided a lifeline during the cost-of-living crisis.

assistance and requiring a glutenfree diet, she endured months without proper meals or heating.

Initially hesitant to seek support, she eventually turned to a local food hub, an experience she now describes as life-changing. “This place has given me a solution and has helped my sense of wellbeing so that I can manage other parts of my life.”

The hub has become more than a place for essentials; it has evolved into a vital support system, restoring dignity and stability in the face of financial hardship. Through initiatives like this, communities ensure that no one is left behind, offering practical solutions that empower individuals to navigate life’s challenges with resilience.

Restoring dignity through community support

The impact of the cost-of-living crisis has been deeply felt by many, including those who have dedicated their lives to supporting others. One woman, now in her 60s, retired early after decades of public service, working tirelessly to protect vulnerable individuals. Despite owning her home and receiving a pension, she found herself unable to afford basic necessities when rising costs outpaced her fixed income. Without eligibility for state

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MISSION: YOUTH MENTAL HEALTH

Providing accessible, early support to help improve young people’s wellbeing

A total of £241,685 was awarded to improve youth mental health outcomes in 2024. This mission area focuses on tackling rising levels of anxiety, depression, and emotional distress among young people, by funding communityled support that meets young people where they are, gives them safe places to be themselves, and access to trusted adults to support them.

Supporting recovery and selfconfidence through communitybased therapy

The Youth Mental Health mission continues to play a vital role in addressing the growing mental health challenges faced by young people across Norfolk. One area of increasing concern is the rise in eating disorders, which can have a profound impact on a young person’s physical health, emotional wellbeing, and social development.

With support from the Foundation, Eating Matters has been able to expand its provision of 1:1 counselling, offering timely, community-based support to young people most in need.

This funding has helped reduce waiting times and prevent escalation to inpatient care, which can be highly disruptive to education, friendships, and family life.

One young person referred to the service was experiencing a complex combination of an eating disorder, low mood, and self-harm. Over the course of 19 therapy sessions, they made significant progress—developing a healthier relationship with food, learning to express themselves more confidently, and building emotional resilience. By the end of their therapy, they had not selfharmed for six months, reported feeling more emotionally stable, and expressed pride in wearing clothes that reflected their true identity—an important milestone in their journey toward selfacceptance and recovery.

This case study powerfully illustrates the impact of early, accessible mental health support. Through Youth Mental Health, the Foundation is helping young people not only to recover, but to rediscover their confidence, identity, and hope for the future.

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MISSION: GREENING OUR COMMUNITIES Supporting local action to combat climate change and create greener, more sustainable places

now serve as shared spaces, bringing neighbours together and fostering a renewed sense of community. Weekly gatherings offer opportunities for social connection and skill development, particularly benefiting individuals who were previously isolated or disconnected.

The Foundation awarded £134,650 through Greening our Communities to help Norfolk respond to the climate emergency at a local level. Projects included community-led biodiversity schemes, sustainable food growing, energy-saving initiatives, and environmental education. The programme continues to give communities the tools they need to act on climate and ecological challenges locally.

Among those positively impacted is a community member with a disability, who has embraced a new role in shaping and directing the garden with the support of fellow volunteers. “The garden has given me a purpose, something to look forward to in my week. I really feel like I am able to contribute.”

Empowering communities through green spaces

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Mile Cross Project and Events Group has demonstrated how global challenges like climate change can be addressed through local action, empowering individuals to create meaningful change in their own neighbourhoods. With the support of grant funding, the group has provided residents with the inspiration, time, and tools necessary to transform neglected spaces into thriving pockets of greenery.

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This initiative exemplifies the power of grassroots action, proving that small-scale interventions can lead to lasting environmental and social benefits. By supporting projects like this, communities can reclaim spaces, strengthen connections, and cultivate hope for a more sustainable future.

Once fly-tipping hotspots, these newly cultivated gardens

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MISSION: SKILLS FOR NORFOLK

Unlocking opportunity by helping people of all ages build confidence and gain skills

about his ability to cope in a mainstream college environment.

With £670,468 invested,

the Foundation supported programmes that improved pathways into education, training, and employment for those furthest from the workplace. Targeted support reached young people at risk of leaving education or employment, adults looking to retrain for new careers, and communities affected by long-standing social and economic inequalities.

At Open Road, he found a smaller, supportive setting where he was able to thrive. Over the course of the year, he maintained excellent attendance and successfully achieved an IMI Level 1 Certificate in Automotive Maintenance. He also engaged in Maths and English sessions delivered in partnership with a local college, further strengthening his academic foundation. As his confidence grew, so did his aspirations. By the end of the placement, he felt ready to take the next step and successfully applied to a mainstream college. His guardian reflected on the transformation, sharing: “He’s become more independent and more aware of the things he can do. He’s willing to try new ways of dealing with different situations. I think it’s the confidence you have all helped him with.”

Building confidence and skills for a brighter future

Through the Skills for Norfolk mission, Norfolk Community Foundation is helping young people overcome barriers to education and employment by supporting practical, person-centred opportunities that build confidence and capability. With funding from the Foundation, Open Road in West Norfolk has been able to offer funded placements designed to bring young people closer to further education, training, and the workplace. One such placement made a life-changing difference for a young man who had previously felt uncertain

This case study highlights the tangible impact of Skills for Norfolk—empowering young people with the tools, support, and belief they need to take control of their futures.

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MISSION: A BETTER CHILDHOOD Ensuring every child in Norfolk has the safety, support, and opportunities they need to thrive

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In 2024, £168,182 was directed toward creating A Better Childhood, supporting projects that create safe spaces, offer early learning, and build stability in families. From family support services to traumainformed education, this funding helped give children the secure foundations they need to build brighter futures, ensuring every child in Norfolk gets the best start in life.

Creating joy and inclusion through adaptive cycling

Children with disabilities often face significant barriers to participation, particularly in physical activity and social inclusion. Through the support of A Better Childhood, Norfolk Community Foundation has enabled transformative opportunities for children and families who are too often left behind.

One such initiative is BikeActive Norfolk, which launched dedicated junior sessions using specially adapted cycles, made possible through Foundation funding. These sessions have

opened up the world of cycling to dozens of children, many for the very first time, offering not just physical activity, but a sense of freedom, achievement, and belonging.

Among the participants was a young boy living with cerebral palsy and a learning disability. For him, the opportunity to ride a wheelchair tandem was nothing short of life-changing. His mother shared how school holidays are often a time of isolation, with few accessible activities available. At BikeActive, they not only discovered the joy of cycling together on an electric tandem trike, but also found a welcoming and supportive community of families navigating similar challenges.

This project exemplifies the mission of A Better Childhood, to ensure that every child, regardless of ability, has the chance to thrive, participate, and feel included. It is a powerful reminder that with the right support, small interventions can have a profound and lasting impact on children’s lives and their families.

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Other significant impact areas

Cost of living crisis response

Through the Household Support Fund, NCF distributed £2,034,007 in emergency assistance to individuals and families in financial crisis. This vital funding helped people meet basic needs such as food, fuel, and shelter during a period of continued economic pressure.

Supporting Norfolk through the cost of living crisis

Throughout 2024, the ongoing cost of living crisis placed immense pressure on individuals and families across Norfolk, particularly those on low incomes. In response, NCF worked in close partnership with Norfolk County Council to deliver two major crisis response funds, distributing over £2 million in targeted support to those most in need.

Spring 2024: Household Support Fund

Through funding from the Department for Work and Pensions, the NCF administered the Household Support Fund, enabling 66 VCSE organisations to distribute £720,000 in direct support to 7,200 households experiencing financial hardship. Each household received a £100 contribution, with 81% of the funding used to provide food and food vouchers—a critical lifeline for many.

One recipient shared:

“I didn’t know how I was going to cope. It made a world of difference during a really tough time.”

Summer 2024: Community-Based Hardship Support Fund

Building on this success, the Community-Based Hardship Support Fund provided a further £1.18 million to 48 VCSE organisations, supporting 9,011 households. This fund not only offered immediate relief but also focused on medium and longerterm resilience. Support included:

One project partner reflected: “Our cooking classes, designed for those shopping at our social supermarket, ensured that short-term support was followed up with longterm skills—helping to break the cycle of crisis.”

These two funds exemplify the NCF’s commitment to responsive, community-led action during times of crisis. By working in partnership with local authorities and VCSE organisations, NCF has delivered both immediate relief and sustainable support, helping thousands of households navigate hardship with dignity and hope.

£2m in emergency £850k supporting cost of living health and support wellbeing

£925k £181k making championing life-changing sports and arts differences to activities individuals

Health and wellbeing

championed creativity, inclusion, and active lifestyles. From grassroots sports clubs to community arts initiatives, helping people of all ages participate, connect, and express themselves.

NCF invested from a combination of statutory and private funding £853,487 to support improved health outcomes across Norfolk. Funding focused on reducing loneliness, promoting positive mental health, and enhancing access to services, particularly for people facing isolation or disadvantage.

Grants to individuals

A further £181,350 supported individuals in need through trusted local partners, enabling timely interventions in cases of personal crisis, hardship, or transition. These small grants often make a lifechanging difference where no other help is available.

Sports and arts

A significant investment from a single charitable trust, West Norfolk Lives, alongside other funders enabled £925,886 of grant making. This funding

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Programme development

As part of Norfolk Community Foundation’s commitment to facilitate community coming together for transformation, 2024 saw significant programme development through two flagship initiatives: Good for Good and the Nourishing Norfolk Distribution Hub . These programmes reflect our strategic focus on building long-term resilience and strengthening local infrastructure.

Nourishing Norfolk Distribution Hub: Strengthening food security across the county

Recognising the critical importance of ensuring that everyone in Norfolk has access to affordable, nutritious food, NCF has worked with partners to develop a sustainable and meaningful solution: A Network of Food Hubs across Norfolk.

This growing network of communityled food hubs provides low-cost food in welcoming, non-judgemental environments, while also offering wraparound support such as debt advice, cooking skills, and signposting to wider services.

To support this network effectively, the NCF established the Nourishing Norfolk Distribution Hub a central warehouse facility that sources, stores, and distributes food and essential goods to food hubs across the county.

The Hub plays a vital role in:

In 2024, the Distribution Hub experienced significant growth:

By coordinating supply at a countywide level, the Distribution Hub strengthens the entire Nourishing Norfolk network ensuring that food hubs can meet growing demand while maintaining dignity, choice, and quality for the people they serve. This model is a cornerstone of the Nourishing Norfolk mission, demonstrating how strategic infrastructure can support grassroots action and create a more resilient, equitable food system for Norfolk.

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Programme development continued

Good for Good: Strengthening business-community connections

The Good for Good programme builds on NCF’s long-standing relationships with businesses who have taken action by establishing dedicated funds or provided pro bono support through the ProHelp programme. Originally grant-funded to transition to NCF in 2018, ProHelp was an initiative by Business in the Community (BITC) that matched charities seeking professional advice with businesses offering pro bono expertise.

Recognising the growing interest among businesses to advance their Environmental, Social, and Governance (ESG) agendas, Good for Good was launched in June 2024 as a practical, locally-focused framework to connect businesses with Norfolk’s voluntary sector. The initiative offers a meaningful route for companies to contribute to social value creation while enhancing their community engagement and corporate responsibility.

education, energy, IT, creative services, and tourism.

The impact of Good for Good has been tangible across Norfolk’s voluntary sector:

In total:

This model of cross-sector

The response in the first six months has been exceptional. By the end of 2024:

collaboration is enabling charities and community groups to expand their reach and impact, while offering businesses a clear, structured pathway to fulfilling their ESG ambitions. Good for Good is proving to be a transformative platform for creating shared value and building a more connected, resilient Norfolk.

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Future plans

capabilities to ensure targeted and effective resource allocation, while evolving our impact and evaluation reporting to inspire greater unrestricted giving which will provide the flexibility needed to address emerging needs and champion longterm transformational projects.

Norfolk Community Foundation will proudly celebrate 20 years of service to local communities in 2025. This milestone presents an opportunity to reflect on the exceptional impact we have achieved delivering £50 million in community grants since our inception as well as to strengthen support around our ambitious vision for transformational change in the decade ahead.

Expanding local giving and business engagement

Innovation remains central to our approach. We will diversify and expand pathways for local giving, ensuring more tailored solutions for businesses eager to support their communities. Recognising the pivotal role of Professional Advisors, including lawyers and accountants, in donor introduction, we will further broaden and strengthen our professional networks to enhance local philanthropy.

In 2025 we will continue to advance our mission-led framework, deepening impact in six key areas crucial for fostering vibrant, sustainable, and resilient local communities. This means refining our community insight

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Evaluating early transformational work

In collaboration with the University of East Anglia, we will undertake an evaluation of our pioneering Nourishing Norfolk programme to assess its impact on economically struggling communities. This comprehensive review will explore health and wellbeing outcomes, alongside the social return on investment. Additionally, we will analyse NCF’s unique role in establishing and supporting the network, extracting valuable organisational and system-wide insights to inform future initiatives.

Organisational development and strategic oversight

To optimise our impact, we will continue to strengthen internal processes, systems, and staff capacity, ensuring excellence in service to both communities and donors. Our Trustees remain fully engaged in providing strategic oversight, reinforcing risk governance, and safeguarding alignment with our core mission.

Looking ahead

As we enter our third decade, we are committed to expanding the reach, depth, and sustainability of our six mission areas, ensuring we remain a trusted and responsive partner for the voluntary sector. By empowering communities and enabling local action, we will drive the transformation necessary to build vibrant, resilient, and sustainable communities across Norfolk.

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Financial review

The financial position of the Norfolk Community Foundation is shown in the Statement of Financial Activities on page 45 and the Balance Sheet on page 47. In 2024, NCF experienced a significant increase in both income and expenditure, reflecting its ability to respond at scale to the ongoing cost of living crisis. Total income for the year reached £8.4 million, up from £6.8 million in 2023. This growth was driven primarily by a substantial rise in restricted income, which increased by £1.2 million to £7.2 million, largely due to targeted statutory funding secured to support households and communities facing financial hardship. As a result, NCF awarded £7.94 million in grants an increase of £3 million compared to the previous year, delivering large scale crisis response programmes in partnership with Norfolk County Council.

Unrestricted income also saw

growth, largely due to a unrestricted legacy, rising from £117k in 2023 to £490k in 2024, supporting the NCF’s core operations and strategic development. Endowment income during the year was £735k.

NCF continues to benefit from the generosity of Jarrold & Sons Limited, who provide rent-free office space at Carmelite House. An annual service charge is paid, and this valued support helps reduce operational overheads.

In total, direct support to core costs amounted to £686k in 2024 comprising £490k in direct income and £196k in internal transfers. This enabled the NCF to maintain a low contribution rate from donations, ensuring that 90p in every £1 goes directly to the projects and community groups we support.

Core unrestricted expenditure totalled £1.29 million, resulting in a net deficit of £801k, however, this was largely offset by £944k in planned transfers, resulting in a final year end surplus of £143k.

Expenditure on raising funds was reduced to £366k, down from £476k in 2023, reflecting improved efficiency in income generation. Support and governance costs increased in line with the scale of programme delivery, ensuring robust oversight and operational capacity.

NCF’s financial position at the end of the year is considered satisfactory, with strong reserves, continued donor confidence, and a clear commitment to delivering meaningful impact across Norfolk.

Reserves policy

The Trustee’s policy is to retain general

fund reserves (cash balances, current assets less current liabilities) equivalent of approximately 6 months annual operating expenditure, which

equates to £511k. The balance held as unrestricted funds at the 31 December 2024 was £853k.

The retention of a level of reserves of approximately 6 months was approved in 2021 by the Trustees. This decision was taken to reduce free reserves and to designate funds for the future growth, sustainability and continuity of the NCF, and to invest any surplus. Both the level of designated and free reserves are monitored on a quarterly basis and reviewed annually by the NCF Audit and Risk Committee.

The total funds held by NCF at the end of this reporting period are £29,342k, which comprises £853k unrestricted, £3,660k restricted and £24,829k endowment.

Investments policy and performance

Investments are held in accordance with the powers of the Trustees set out in the Articles of Association. Investment policy is to maximise the return on the portfolio while ensuring that the level of risk is moderate. The NCF Audit & Risk Committee has delegated authority from the Board to oversee the management of NCF’s investments and cash balances. The Board has appointed Barclays Wealth, Barratt & Cooke Limited, and CCLA as Investment Managers. The NCF Audit & Risk Committee review NCF’s Investment Policy annually, to ensure compliance with the Charity Commission, to assess it is meeting NCF charitable objectives and to consider socially responsible investing options.

The charity instructs all investment advisors to invest over a long term. Across all investment managers, the charity holds a mixed portfolio of equities, bonds, and cash accounts which have been set up to provide a reasonable level of income for grant making of around 3-4%.

Donors who hold Community First endowment funds that are invested through CCLA can choose to take advantage of an annual drawdown if there is an excess of RPI gain over the market value of the fund. Other fundholders drawdown during the year in line with their grant making objectives. In 2024, a total of £226k was drawdown from the investments for grant making.

The Trustees are satisfied with the market performance, seeing a growth in the NCF investment portfolio of 2%.

Estimates and judgements policy

Norfolk Community Foundation’s financial statements rely on management judgements and estimates affecting income, expenditure, assets, and liabilities. These are based on historical data and current knowledge but may differ from actual outcomes.

Key areas of judgement:

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Financial oversight: Estimates are reviewed regularly, with revisions reflected in current and future periods.

Critical accounting judgements:

Transparent disclosure of significant estimates and judgements ensures the financial statements provide a fair and accurate reflection of the NCF’s financial position.

filings with Companies House and the Charity Commission, alongside robust data protection measures.

Annual IT and cyber security reviews strengthen internal processes, while disciplined financial oversight and governance enable NCF to navigate economic uncertainties, including potential challenges from the cost-of-living crisis. Our strong financial stewardship fosters donor confidence, ensuring continued support for grassroots charities. To enhance long-term sustainability, we diversify income streams, reducing reliance on any single source. Our investment strategy prioritises stability and dependable returns, ensuring sustained grant-giving capacity.

In response to emerging risks, our fiveyear plan secures future funding and strengthens organisational resilience. NCF’s reputation as a responsible funder, built on rigorous due diligence and effective delivery, continues to attract and manage diverse funding sources, reinforcing our commitment to lasting community impact.

Risk management

The Trustees regularly assess risks facing NCF, maintaining a comprehensive risk register to safeguard operations. As both a charity and a company limited by guarantee, we ensure full compliance with regulations, including timely

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Structure, governance and management

On 13 December 2010, The Norfolk Community Foundation Permanent Endowment Trust was set up to hold permanent funds on behalf of the NCF, including certain trusts being transferred from Norfolk County Council. The NCF is the sole trustee of the Trust. On 11 March 2011 The Norfolk Community Foundation Permanent Endowment Trust was registered with the Charity Commission and a uniting order was made by the Charity Commission on 8 July 2011 allowing endowment funds to be consolidated with the financial statements of the NCF from that date.

Constitution

Norfolk Community Foundation (“the NCF”) is established as a company limited by guarantee and was incorporated on 17 September 2004. It is registered as a charity with the Charity Commission (registered on 10 August 2005). The affairs of the NCF are governed by its Articles of Association and managed by a Board of Trustees, who are also the Directors and Members of the company. The liability of the members in the event of NCF being wound up is limited to a sum not exceeding £1.

Trustee recruitment, appointment, and development

Trustees are nominated based

on their skills, expertise, and local knowledge to help guide NCF in achieving its mission. Since 2020, NCF has maintained an open recruitment policy to obtain the skills required and operate transparently.

Under the Articles of Association,

Trustees serve three-year terms, with eligibility for one re-election. A regular skills audit identifies gaps created by retiring Trustees, informing future recruitment. Trustees may be reappointed for an additional year after two terms if the Board deems it necessary by simple majority, and a 75% majority is required for appointments beyond seven years under exceptional circumstances.

New Trustees receive an Induction Pack, including governance documents, financial statements, impact reports, and key policies. They are signposted to Charity Commission resources for further guidance.

Ongoing development includes an annual training session or away day, plus access to local trustee seminars, sector newsletters, and insights from UKCF and other advisory bodies.

Governance and leadership

The Board of Trustees meets quarterly, with business conducted between meetings through subcommittees providing reports for board approval:

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strong governance and the growing transformational activity, in addition, NCF has established two Operations Boards:

Both boards meet quarterly and include the CEO, senior leadership, and industry experts to ensure strategic oversight and accountability.

Executive leadership and grant oversight

Day-to-day management in 2024 was led by the Chief Executive, supported by the Directors of Finance & Operations and Programmes, alongside Programme, Finance, Marketing, and Giving Teams, with operational support from a full-time Office Manager.

Trustees delegate grant approvals up to £25,000 to the Executive Team, with ratified grants reported monthly and at quarterly board meetings.

Remuneration of key management personnel

The Board considers the key management personnel in charge of directing and controlling NCF to be the Trustees and the Management Team led by the Chief Executive; with the Chief Executive running and operating the charity on a day to day basis.

The pay of all staff is reviewed annually by the People and Nominations Committee who make recommendations to the Board of Trustees, in line with NCF Pay Policy.

All trustees give their time freely and no trustee remuneration was paid in the year. Details of trustee expenses and related party transactions are disclosed in note 9.

Related parties

Norfolk Community Foundation is a member of the UK Community Foundation (UKCF). Established in 1991, UKCF is the national network linking, promoting and supporting over 47 community foundations in England, Northern Ireland, Scotland and Wales.

Trustees, staff and non-Trustees who sit on committees are required to disclose all relevant outside interests which are recorded in a policy document and updated annually. Where a conflict of interest exists, trustees withdraw from decisions.

Trustees’ responsibilities statement

The trustees (who are also directors of Norfolk Community Foundation for the purposes of company law) are responsible for preparing the Trustees’ Annual Report, including the Strategic Report, and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company

and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as each of the trustees is aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Auditor

Larking Gowen has expressed their willingness to continue in office as auditor.

Fiona McDiarmid, Chair

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Independent auditor’s report to the members and trustees of Norfolk Community Foundation

Opinion

Generally Accepted Accounting Practice; and

We have audited the financial statements of Norfolk Community Foundation for the year ended 31 December 2024 which comprise the Consolidated statement of financial activities, the Consolidated balance sheet, the Charity balance sheet, the Consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

In our opinion the financial statements:

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of

accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group’s or the parent charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

The other information comprises the information included in the Annual report other than the financial statements and our Auditors’ report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material

misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

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Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

returns; or

Auditor’s responsibilities for the audit of the financial statements

We have been appointed auditor under the Companies Act 2006 and section 151 of the Charities Act 2011 and report in accordance with those Acts.

Our objectives are to obtain

reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

non-compliance with laws and regulations and fraud;

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or noncompliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org. uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

company’s members as a body and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Signed: Julie Grimmer FCA DChA, Senior Statutory Auditor,

for and on behalf of Larking Gowen LLP, Statutory Auditors, Chartered Accountants, Norwich Date: 18 July 2025

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Aggregated statement of financial activities for the year ended 31 December 2024

----- Start of picture text -----
Unrestricted Restricted Endowment 2024 2023
Funds Funds Funds Total Total
Notes £000 £000 £000 £000 £000
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Income and endowments:
Other donations 3 323 6,621 545 7,199 6,008
Gif Aid 13 64 8 85 102
Investment income 4 154 510 180 846 733
Total income 490 7,195 735 8,420 6,843
Expenditure on:
Raising funds 5 259 102 5 366 447
Charitable activities:
Grants awarded 5 - 7,940 - 7,940 4,966
Support costs 5 923 266 - 1,189 802
Governance costs 5 109 - - 109 90
Total expenditure 1,291 8,308 5 9,604 6,305
Net income/(expenditure)
and net movement in funds
before gains and losses on		 (801) (1,113) 730 (1,184) 538
investments
Net gains/(losses) on
investments:
Realised 11 84 84 29
Unrealised 11 439 439 1,764
Net income/(expenditure)
before transfers		 (801) (1,113) 1,253 (661) 2,329
Transfers between funds 14&15 944 720 (1,664) - -
Net movement in funds 143 (393) (411) (661) 2,329
Reconcilliation of funds:
Total funds brought forward 15 710 4,053 25,240 30,003 27,675
Total funds carried forward 15 853 3,660 24,829 29,342 30,003

Aggregated summary income and expenditure account for the year ended 31 December 2024

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2024 total 2023 total
£000 £000
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Income 7,690 6,357
Transfer from Endowment Funds 1,664 555
Gross income in the reporting period 9,354 6,912
Total expenditure in the reporting period (9,604) (6,305)
Net income/(expenditure) for the year (250) 607

Aggregated statement of recognised gains and losses for the year ended 31 December 2024

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2024 total 2023 total
£000 £000
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(250)
(411)
(661)
cial statements.		 607
(1,718)
2,325
Net income/(expenditure) for the year
Net movement in Endowment Funds
Net movement in Funds
The notes on pages 49 to 86 form par of the finan

All recognised gains and losses are included in the Statement of Financial Activities above and relate to continuing operations. The notes on pages 49 to 86 form part of the financial statements.

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Charity aggregated balance sheet at 31 December 2024

Company number 5234236

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2024 2023
Charitable Charitable aggregated aggregated
Company Trust total total
Notes £000 £000 £000 £000
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Fixed assets
Tangible assets 10
Investments
22,840
2,569
25,409
25,382
Current assets
Debtors 12 603 - 313 579
Stock 32 - 32 29
Cash at bank 3,717 - 3,717 4,267
4,352 - 4,062 4,875
Liabilities
Creditors: amounts falling due
within oneyear		 13 (419) - (419) (254)
Net current assets
Total assets less current liabilities
3,993 - 3,643 4,621
26,773 2,569 29,052 30,003
Total net assets 26,773
2,569
29,052
30,003
Income funds
Unrestricted funds
General funds 853 - 853 709
Designated funds - - - -
Restricted funds 14 3,660 - 3,660 4,053
Endowment funds
Permanent Endowments 15 -

22,260		 2,569
-		 2,569
22,260		 2,458
22,782
Expendable Endowments 15
Total funds
15
26,773 2,569 29,342 30,003

The financial statements were approved by the Board and authorised for issue on 30 June 2025 and signed on its behalf by:

Fiona McDiarmid, Chair ........................................................ Tom Burdett, Trustee ........................................................

Cash flow statement for the year ended 31 December 2024

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2024 2023
Note £000 £000
Net cash used in operating activities a (1,867) (458)
Cash flows from investing activities:
Interest and dividends from investments 846 733
Purchase of listed investments (2,359) (927)
Proceeds from sale of listed investments 3,139 1,212
Net (increase)/reduction in cash deposit investments (284) 1,496
Purchase of tangible assets (25) (18)
Proceeds from sale of tangible assets - 150
Net cash provided by/(used in) investing activities 1,317 2,646
Change in cash and cash equivalents in the year (550) 2,188
Cash and cash equivalents at the beginning of the year 4,267 2,079
Cash and cash equivalents at the end of the year b 3,717 4,267
a. Reconciliation of net income/(expenditure) to net cash 2024 2023
inflow from operating activities £000 £000
Net income/(expenditure) for the year (661) 2,331
Adjustments for:
(Gains)/losses on investments (523) (1,821)
Dividends and interest from investments (846) (733)
Depreciation charges 25 23
(Increase)/decrease in stocks (3) (30)
(Increase)/decrease in debtors (24) (204)
(Decrease) in creditors 165 (24)
Net cash provided by/(used in) operating activities (1,867) (458)
2024 2023
b. Analysis of cash and cash equivalents £000 £000
Cash in hand 3,717 4,267
3,717 4,267
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Notes to the financial statements for the year ended 31 December 2024

beneficial owner of the trust’s assets. The Uniting Direction, contained in the 2011 scheme, requires the charitable company to file one set of financial statements aggregating the results of the charitable company and the trust. Information in respect of the trust has been identified separately within these financial statements to allow proper identification of the assets and liabilities of the charitable company and its subsidiaries as required by the Companies Act 2006. The charity aggregated balance sheet separately identifies the assets relating to the trust.

01. ACCOUNTING POLICIES

Basis of accounting

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 Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Norfolk Community Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The most significant areas of adjustment and the assumptions that affect items in the accounts that are to do with estimating whether there is any liability from multiyear grants with respect to the next reporting period, the most significant area of uncertainty that affects the carrying value of assets held by the trust are the level of donations, the level of investment return and the performance of investment markets.

The Charity Commission, in a Scheme dated 8 July 2011, issued a Uniting Direction such that the financial statements should show the aggregation of the results of Norfolk Community Foundation (“the charitable company”) and The Norfolk Community Foundation Permanent Endowment Trust (“the trust”) for submission to the Commission. The charitable company is sole trustee of the trust and accordingly is not the

Going concern

The trustees have considered the charity’s position at the time of signing the financial statements as well as the current financial strength

of the charity.

Based on this, the trustees have concluded that they have a reasonable expectation that the charity will have adequate resources to continue in operational existence for the foreseeable future, and at least twelve months from the date of signing these financial statements, they therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

Fund accounting

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. Designated funds are unrestricted funds of the charity which the Trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are those funds

that can only be used for particular restricted purposes within the objects of the Foundation. Restrictions arise when specified by the donor or when funds are raised for particular restrictive purposes. In accordance with the terms of donor agreements, interest received on restricted fund balances is credited to the general (unrestricted) fund.

Expendable endowment funds are expendable funds that are held by the Foundation for long term investment and are represented by investments and cash deposits. Some large funds have separate investment portfolios whilst the

remainder form one Group Portfolio for investment purposes. In order to balance the needs of present and future beneficiaries the Foundation has adopted the following policy for the Group Portfolio:

Permanent endowment funds, where the dividends provide the income for grant making, have increased with the four year Community First government match funding programme. A feature of this programme allows one drawdown a year of any gain over the retail price indexed figure for each portfolio.

The Norfolk Community Foundation Permanent Endowment Trust “The trust” is a charitable trust, which holds donations of permanent endowments to the Foundation. This will enable several historic trusts to be transferred to the Foundation. The Foundation is sole trustee of The

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The Trust (registered charity number 1110817-1) and all the activities of the charity have been aggregated on a line by line basis in the Statement of Financial Activities and Balance Sheet.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. The following specific policies are applied to particular categories of income:-

Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and

is reported as part of the expenditure to which it relates:-

Tangible fixed assets and depreciation

Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions costing below £1,000 are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected

useful life. Land is not depreciated.

Computer and office equipment 25% reducing balance

Website

3 years straight line basis

Furniture and fixtures

25% reducing balance

Financial instruments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

The Trustees appoint Barclays

Wealth, Barratt & Cooke Limited, CCLA and M&G as Investment Managers to manage the investments on a discretionary basis. All adopt a cautious to moderate risk.

The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities within particular sectors or sub sectors.

Cash at bank and in hand

Cash at bank and cash in hand

includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Debtors

Trade and other debtors are

recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Other receivables are measured initially at fair value, net of transaction costs, and are measured subsequently as amortised cost using the effective interest method, less any impairment.

Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Short term creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Other financial liabilities are measured at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation

As a registered charity, the Foundation is generally exempt from

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income tax and capital gains tax, but not from VAT.

Pensions

The Foundation contributes to individual personal pension plans on behalf of its employees. The contributions payable by the Foundation are charged to the Statement of Financial Activities on an accruals basis.

Legal status of the Foundation

02. DONATIONS TOWARDS CORE COSTS

Donations and grants towards core costs total £Nil (2023: £Nil), all is unrestricted (2023: all).

Norfolk Community Foundation acknowledges generous donations and grants towards core costs from the following:-

03. OTHER DONATIONS AND GRANTS

Current year Unrestricted
funds
£000		 Restricted
funds
£000		 Endowment
funds
£000		 2024
£000
Forgrant makingand endowment funds 277 6,576 553 7,406
Donatedgoods and services 59 108 - 167
336 6,684 553 7,573
Prior year Unrestricted
funds
£000		 Unrestricted Restricted
funds
£000		 Endowment
funds
£000		 2023
£000
Forgrant makingand endowment funds 25 5,707 295 6,027
Donated services 52 30 - 82
77 5,737 295 6,109

The Foundation is a private company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

In addition, amounts totalling £944k were transferred from the Endowment and Restricted Funds, in accordance with the fund agreements, as contributions to core costs. These amounts are included in the transfers line of the Statement of Financial Activities:-

04. INCOME FROM INVESTMENTS

Investment income was £846k (2023: £732k) of which £154k was unrestricted (2023: £40k), £510k was restricted (2023: £501k) and £182k to endowment (2023: £191k).

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2024 2023
£000 £000
Endowment Funds 242 555
Restricted Funds 702 336
944 891
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05. EXPENDITURE ~~—~~

Current year Basis of allocation Basis of allocation Costs of
raising
funds
£000		 Costs of
charitable
activities
£000		 Governance
costs
£000		 Governance
costs
£000		 Total
2024
£000		 Prior year Basis of allocation Basis of allocation Costs of
raising
funds
£000		 Costs of
charitable
activities
£000		 Governance
costs
£000		 Total
2023
£000
Grants awarded (note 6) Direct 7,940 7,940 Grants awarded (note 6) Direct - 4,938 4,938
Salaries and pension costs Staff time 191 735 75 1,001 Salaries and pension costs Staff time 176 645 60 881
Premises expenses Staff time 20 77 5 102 Premises expenses Staff time 19 71 5 95
Other office expenses Staff time 2 5 1 8 Other office expenses Staff time 2 7 - 9
Trainingand conferences Staff time 1 4 - 5 Trainingand conferences Staff time 2 8 1 11
Recruitment costs Staff time - 1 - 1 Recruitment costs Staff time - - - -
IT and computer costs Staff time 10 10 2 22 IT and computer costs Staff time 9 9 2 20
Advertisingand marketing Direct 1 4 - 5 Advertisingand marketing Direct - 2 - 2
Printingcosts Direct 2 2 - 4 Printingcosts Direct 2 2 - 4
Consultancy services Staff time 11 - 1 12 Website development Staff time - - - -
Publications and subscriptions Staff time 1 5 - 6 Publications and subscriptions Staff time 1 5 - 6
Telephone and postage Staff time 1 4 - 5 Telephone and postage Staff time 1 4 - 5
Travel and accommodation Staff time 1 5 - 6 Travel and accommodation Staff time 1 5 - 6
Insurances Staff time 2 7 1 10 Insurances Staff time - 2 - 2
Professional fees Staff time 13 48 4 65 Professional fees Staff time 7 27 2 36
Research expenses Direct - 4 - 4 Depreciation Staff time 5 17 1 23
Depreciation Staff time 4 15 1 20 Audit and accountancy Direct - - 17 17
Audit fee Direct 19 ~~19~~ 225 804 88 1,117
260 926 109 1,295
Cost of Charitable Activities
Cost of Charitable Activities Nourishing Norfolk Hub expenses - 28 - 28
Nourishing Norfolk Hub expenses Direct - 261 - 261
NourishingNorfolk Hub charges Direct 6 - - 6 Restricted Fund
Revenue Fund costs 222 - - 222
Restricted Fund
Revenue Fund costs 102 - - 102 Total (including grants) 447 5,570 88 6,305
Total (including grants)
362
9,127
109
9,604
Expenditure on raising funds was £362k (2023: £447k) of which £260k was
unrestricted (2023: £225k) and £108k was restricted (2023: £222k).
Expenditure on charitable activities was £9,127k (2023: £5,768k) of which £925k was
unrestricted (2023: £802k) and £8,202k was restricted (2023: £5,641k).
Expenditure on governance costs was £109k (2023: £88k) of which all was
unrestricted (2023: all).
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~~_~~		 Expenditure on charitable activities was £9,127k (2023: £5,768k) of which £925k was
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~~_~~

Expenditure on raising funds was £362k (2023: £447k) of which £260k was unrestricted (2023: £225k) and £108k was restricted (2023: £222k).

Expenditure on charitable activities was £9,127k (2023: £5,768k) of which £925k was unrestricted (2023: £802k) and £8,202k was restricted (2023: £5,641k).

Expenditure on governance costs was £109k (2023: £88k) of which all was unrestricted (2023: all).

06. GRANTS PAYABLE

Grants totalling £7,940,567 were awarded during the year (2023: £4,938,197).

The average grant awarded in 2024 was £7,767 (2023: £9,169).

This shows a 15% decrease from 2023, however, small grants continue to play an important role in sustaining and growing the voluntary and community activity – awards of £5,000 or less represent 47% of the number of all grants made in 2024.

The following chart shows the primary area of benefit of grants awarded in 2024. It is noted that in many cases funded organisations reach across multiple areas with their work which may not be reflected here.

% of grants made by primary area of benefit

Breckland 8% Broadland 5%

Great Yarmouth 10%

North Norfolk 9%

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Norwich
27%
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South Norfolk
14%
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West Norfolk
26%
Other
1%
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06. GRANTS PAYABLE - LARGE GRANTS

The following list shows the largest grants approved in 2024, with a value of £20,000 and over.

Organisation Amount
awarded		 Project description - summary
Norfolk and £500,000 The Miracle Magnets for Hearts appeal is raising £1.5m for a
Norwich Hospitals Magnetic Resonance Imaging (MRI) scanner which is capable
Charity (N&N) of diagnose heart disease more accurately than x-ray tests
or tubes inside the heart. The Norfolk Heart Trust have been
fundraising for a new MRI Scanner for the N&N Cardiology
Dept and the £500k is for the deposit for this new equipment.
The payment is going to the N&N Hospitals Chairty, who are
arrangingthe order and providingsome match funding.
Inspiration Trust £140,000 To support Inspiration Trust to provide additional reading
support to pupils who are two or more years behind in their
chronological readingage.
CAB Diss, Thetford
& District		 £109,950 To support the set up, running and staff costs for the first year
of the new Breckland Mobile Service for affordable food.
Norfolk and £64,935 For the extension of the Clinical Psychology post for Cardiology
Norwich Hospitals at the N&N for 18 months from when the current contract
Charity (N&N) finishes.
Cromer Cares £50,000 To support 500 households with utilities assistance to the value
of £100 each.
The Adapted £50,000 To support the costs associated with the first phase of
Sports Hub Trust progressingthe buildingplans for a fully adapted sports hub.
Leeway Domestic £50,000 To hold a Hardship Fund for households accessing NIDAS
Violence and services to apply into via their support workers.
Abuse Services
Festival Too £50,000 To contribute to the delivery of festival activities, including 40-
year celebration of Festival Too in 2025.
West Norfolk £50,000 To upgrade and extend the changing rooms and activity areas
Rugby Union at the club to provide safe and appropriate facilities for all age
Football Club groups andgenders.
Snettisham £50,000 To renovate the Snettisham Memorial Pavilion
Memorial Village
Hall, Pavilion &
PlayingField
The Norfolk £50,000 To contribute £16,040 towards the installation of solar panels
Hospice on the Hospice roof, and to contribute £33,960 towards general
runningcosts.
University of East £50,000 For the Centre for Advanced Environmental Microbiology.
Anglia
Pandora Project £50,000 To make direct payments of £250 to 200 clients, all in need
of financial help (currently working with 128 individuals and
increasingto circa 200 by the end of September).
Downham Stow £50,000 To extend the existing clubhouse to accommodate a larger
Cricket Club kitchen, bar and social area.

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Organisation Amount Project description - summary
awarded
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The Aylsham £50,000 To support up to 221 households with grants for either school
Community Trust uniforms or household essentials.
(TACT) Families
North Runcton £50,000 To contribute to phase 3 of the clubhouse refurbishment
Cricket Club project.
Creative Arts East £49,992 To provide monthly artist-led workshops (between 2024-2029)
for older people experiencing ill health and/or loneliness in
Hunstanton and Great Massingham.
Caring Together £49,936 To expand the services provided to support unpaid carers
Charity with breaks from their caring roles, specifically through their
Befriending Service, What If? programme and Family Carers
Prescription Service.
The Purleet Trust £49,596 To provide £100 store credit for 340 members of The Purleet
Pantry, support 100 households with £80 of school uniform
costs, and provide 70 beds via House 2 Home.
Watlington Parish £49,255 To construct a new sports pavilion at the Recreation Ground in
Council Watlington
Thornham Village £48,080 To build a new Sports Pavilion to replace the 50 year old wooden
Hall and Playing structure
Field Ltd
Docking Playing
Fields Association		 £48,080 To resurace and replace the current tennis court, which is no longer
suitable for use, with a new Multi Use Games Area (MUGA) surace.
Downham Stow £48,080 To install an artificial all-weather cricket training facility.
Cricket Club
Age Connected £46,060 To support older people in Great Yarmouth with winter warmth
Great Yarmouth essentials, food and clothing costs.
The Garage Trust £43,808 To sustain and develop The Workshop’s inclusion work in West Norolk,
Ltd including Creative Foundations and three co-design projects.
St Edmunds Society £43,714 Towards delivering the 2-week Summer Programme and supporting
students with uniform, PPE, hygiene and stationary packs, £100
vouchers, and an amazon tablet.
DIAL Great £43,601 To deliver their specialist money, debt, employment and benefit
Yarmouth advice services to local residents.
Access Community £42,204 Distribute 500 essential ingredient kits, which contain a slow cooker
Trust associated recipe books/cards and an ingredient pack.
Opening Doors £41,713 To deliver 28 ‘Let’s talk about money’ group sessions for adults with
learning disabilities, provide 1:1 in-depth ‘advice and action’ support
programme for adults most at risk, and distribute 180 emergency
packs.
The Feed £40,017 To fund the Support and Advice Pilot project
Foundation
Pandora Project £40,000 To cover the salary for a senior support worker. As well as for some
running costs, such as staf mileage, phone contracts and room hire
King's Lynn Festival £39,176 To begin a young people's participation programme with school
Ltd. students and families called Bridging the Gap.
Gateway Vineyard £37,290 To support a number of requests, including back to school microgrants
for 207 pupils in the Hellsedon and Thorpe area, emergency hygiene
kits, community meals and transport, and an event to support mothers
through the Growkids project.
The Norolk Hospice £33,960 To install solar panels on the Hospice roof to reduce energy costs and
improve eficiency.

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Organisation Amount Project description - summary
awarded
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NR5 Project - Future £30,143 To deliver a programme of support to help ease the impact of the cost
Projects of living crisis.
The Forum Trust £30,003 To develop and perorm a theatrical production based on local food
science research for reception and primary school students, and
provide follow up workshops and resources.
Dereham Aid Centre £30,000 Most of the funding is to purchase of supermarket vouchers for service
users and a small proportion to help with transport costs
The Purleet Trust £29,973 To contribute towards the costs of running the "Purleet Patch" Kitchen
Garden/Allotment
Soul Foundation £29,970 To support families with school uniform vouchers and snack packs at
the food hub.
Social Moments £29,351 To support the setup and running costs of the Broadland Mobile Food
Enterprise Hub for its first year of delivery.
Oak Grove £27,805 To provide support for 142 families over the school summer holidays.
Community Church
University of East £27,000 To contribute to the childhood bone cancer research at the UEA, for
Anglia the charity registered section of the UEA where the funds are used
specifically on childhood bone cancer research.
St Giles Trust £26,600 To support households in hardship through additional food allowance
at the Magdalen Street Pantry, school uniforms and stationery, picnic
kits and family activities, employment support, and money skills
workshops.
The Bridge Plus £26,504 To support households from ethnic minority and/or migrant
backgrounds to maximise income via advice, food vouchers and a
community lunch.
Helping Hands £26,000 To provide support to 120 families across fuel, school uniform, club fees
and transport and run a cookery skills course.
Red House Youth £25,000 Red House Youth Projects (Registered Charity No. 1092828) is a
Trust charitable trust which supports work with young people under the age
of 21 within the County of Norolk. This funding is to provide financial
support through Red House’s grant making process for projects,
events and opportunities for residential experiences at the property
owned and run by the Trust.
Red House Youth £25,000 Red House Youth Projects (Registered Charity No. 1092828) is a
Trust charitable trust which supports work with young people under
the age of 21 within the County of Norolk. This funding is to
provide financial support through Red House’s grant making
process for projects, events and opportunities for residential
experiences at the property owned and run by the Trust.
Inspiration Trust £25,000 To support Inspiration Trust to provide additional reading support to
pupils who are two or more years behind in their chronological reading
age.
The Feed
Enterprises CIC		 £25,000 To move premises and set up a professional catering hub at the
Norolk Showground.
Bircham Centre £24,619 To employ a Community Engagement Worker to develop groups and
activities at the Centre according to community needs.
National Literacy £23,290 To cover the cost of delivery of Reading Buddies and Take10
Trust
Hunstanton and £22,902 To support struggling households of pupils of two local primary
District Foodbank schools with energy and food vouchers, school uniform, and stationery
packs.

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Organisation Amount
awarded		 Project description - summary
Shrublands Youth £21,825 1) To work with a local school wear provider to supply 200+ children
and Adult Centre with school uniform; 2) to provide 20 families with air fryers. Extended
Charitable Trust 17/9/24 to include winter coats for children.
SIMPLE Norfolk £21,750 To provide financial assistance to households in the Thetford area,
towards school clothing, household appliances, and essential living
costs.
Norfolk Blood Bikes £20,000 To purchase an additional motorbike, associated equipment and
contribute to its running costs.
Girlguiding Great £20,000 To support 200 families containing a girlguider across Great Yarmouth
Yarmouth Division with £100 supermarket vouchers.
Charlotte Harvey £20,000 To support 200 members of the Watton Food Hub with £100 store
Trust credit.
Norfolk Community £20,000 To offer 200 supermarket vouchers to NCLS clients
Law Service
Silver Road £20,000 To help NR3 residents experiencing hardship with 150 x £100
Community Centre supermarket vouchers, 20 air-fryers and 20 slow-cookers.
About with Friends £20,000 To provide support with food or household bills for 200 members
Charles Burrell £20,000 To provide 200 households with either £100 store credit to spend on
Centre Ltd their groceries and household items in the Burrell Shop or credit on
their water/ energy bill/ meter key.
Charles Burrell £20,000 To support 50 households via the Helping Hands project.
Centre Ltd
SIMPLE Norfolk £20,000 To support 200 households with £100 supermarket vouchers, food
parcels to non-mobile beneficiaries, or cash donations towards food
costs.
Gateway Vineyard £20,000 To support 200 households with £100 food support in the form of
supermarket voucher.
The Feed £20,000 To provide 200 households with £100 store credit or top up peoples fuel
Foundation credit online
Kingsgate £20,000 To support those in need with access to laundry and shower facilities,
Community Church food, clothes, household appliances and utility bill top-ups.
(Great Yarmouth)
Feathers Futures £20,000 To purchase 200 £100 supermarket vouchers for women
CIO accessingtheir services
Fresh Start Future £20,000 To support 200 individuals with supermarket gift cards and purchasing
Enterprises a fuel top up for gas and electric bills on behalf of the individuals.
Stoke Ferry £20,000 To support 200 household with supermarket vouchers to the value of
Community £100.
Enterprise Limited
Helping Hands £20,000 To provide store credit at their pantry for 200 members
North Walsham £20,000 To support 200 households with £100 of support with food costs.
Phoenix Group
Dereham Aid Centre £20,000 To support 200 households with £100 food vouchers to use at Roys
Supermarket in Dereham.
ENYP £20,000 To support 200 households with £100 of credit for use in ENYP's social
supermarket.
New Routes £20,000 To support 200 households with £100 Tesco vouchers
Integration
Ludham PCC £20,000 To support 200 local households with £100 grants. The applicant
provide guidance alongside the grant of how this support should be
used.
Organisation Amount
awarded		 Project description - summary
Shrublands Youth £20,000 To provide foodclub credit to 200 households
and Adult Centre
Charitable Trust
SWAN Youth Project
(Norfolk)		 £20,000 To contribute towards the running costs for the coming year.
The Purfleet Trust £20,000 To provide 200 households with store credit
Wells Community £20,000 To support households with subsidised fresh food, school uniform
Hospital and clothing, emergency fuel and essentials, information packs, and
supported budgeting and job searching with a key worker.
Westacre Arts £20,000 To install 30 solar panels onto the Studio’s south facing roof, and to
Foundation Ltd link this to the existing 30 solar panels on the shed building, and to link
the 22,000 kWh combined output of both arrays to a 29 KW system of
battery backup storage.
Pandora Project £20,000 To provide supermarket vouchers and utility support to 200 women
and children who have been faced with domestic abuse.
Access Community £20,000 To support 200 households with food and fuel vouchers as well as
Trust household kits designed with individual need in mind.
The Aylsham £20,000 To support 200 households with either a supermarket voucher or a
Community Trust direct bank transfer to support with purchasing food or household
(TACT) Families utility bills.
8:56 Foundation £20,000 To support the running costs of sporting activities and the costs of two
wellness retreats.
07. NET INCOMING RESOURCES FOR THE PERIOD
2024
£000
2023
£000
This is stated after charging:-
Depreciation 25 22
Auditor’s remuneration (includingVAT)
Audit fees 14 13
Accountingsupport and advisory 4 4

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08. ANALYSIS OF STAFF COSTS AND REMUNERATION OF KEY MANAGEMENT PERSONNEL

----- Start of picture text -----
2024 2023
£000 £000
Staff costs were as follows:-
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Staf costs were as follows:-
Salaries 859
80
61		 772
69
40
Social security costs
Pension contributions
1,000 881

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2024
No.
2023
No.		 2024
No.
2023
No.		 2024
No.
2023
No.
£60,001-£70,000 1
1
1		 -
-
1
£70,001-£80,000
£80,001-£90,000

10. TANGIBLE FIXED ASSETS

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Group and company Group and company
computers and office land and PPE
equipment (restricted) Total
£000 £000 £000
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Cost
At 1 January 2024 119 12 131
Additions 25 - 25
At 31 December 2024
144		 12 156
Depreciation
At 1 January 2024 71 3 74
Charge for the period 22 3 25
At 31 December 2024 93 6 99
Net book value
At 31 December 2024 51 6 57
At 31 December 2023 48 9 57

Employers’ pension contributions in respect of the employees whose employee benefits (excluding employer pension costs) exceeded £60,000 were:

2024
£
2023
£		 2024
£
2023
£		 2024
£
2023
£
In the band £60,001-£70,000 2,875
3,088
23,706		 -
-
7,458
In the band £70,001-£80,000
In the band £80,001-£90,000

The average number of employees during the year, calculated on the basis of full time equivalents, was 27 (2023: 26).

The key management personnel in the year received a total remuneration including pension and employers national insurance contributions of £247,876 (2023: £320,721).

09. TRUSTEE REMUNERATION AND RELATED PARTY TRANSACTIONS

No trustees (2023: None) were reimbursed for expenses during the year (2023: £Nil)

Donations, without conditions attached that would significantly alter the nature of the charity’s activities, were received in the period of £30,457 (2023: £20,000) from related parties.

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11. INVESTMENTS

2024
£000		 2023
£000
Aggregated
Listed Investments 24,375 24,636
Cash deposits 977 689
Total investments 25,352 25,325
Charitable company
Listed Investments 21,869 22,425
Cash deposits 850 642
Total investments 22,719 23,067
Charitable trust
Listed Investments 2,506 2,211
Cash deposits 127 47
Total investments 2,633 2,258
Listed investments at valuation
At 1 January 2024 24,636 23,134
Additions at cost 2,359 927
Disposals (3,139) (1,212)
Fees (4) (6)
Realised/Unrealised gains/losses 523 1,793
At 31 December 2024 24,375 24,636
Analysis of Funds
Barclays Wealth 1,393 2,085
CCLA – (Charitable Company) 17,084 17,186
M&G - 361
Barratt & Cooke - (Charitable Company) 3,338 3,414
Barratt & Cooke - (Charitable Trust) 1,762 1,587
CPF 54 53
CCLA – (Charitable Trust) 744 -
24,375 24,636
Endowment cash deposits 127 47
Other cash deposits 850 642
977 689

12. DEBTORS

Charitable
Company
£000		 Charitable
Trust
£000		 Aggregated
2024
£000		 Aggregated
2023
£000
Prepayments and accrued income 488 - 488 432
Other debtors 104 - 104 147
Trade debtors 10 - 10 -
602 - 602 579

Other debtors and prepayments include £Nil (2023: £Nil) falling due after more than one year.

13. CREDITORS – AMOUNTS FALLING DUE WITHIN ONE YEAR

Charitable
Company
£000		 Charitable
Trust
£000		 Aggregated
2024
£000		 Aggregated
2023
£000
Trade creditors 40 - 40 31
Taxation and social security 30 - 30 26
Other creditors 329 - 329 181
Accruals and deferred income 20 - 30 16
419 - 419 254

All investments are carried at their fair value. Investments in listed investments are all traded in quoted public markets. The basis of fair value for quoted investments is equivalent to its market value, using the bid price at the balance sheet date. Additions and disposals are recognised at the date of trade at cost (their transaction value).

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14. RESTRICTED FUNDS

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Income Transfers
Opening Other Other Grants Contribution Other Closing
Fund name Donations Gift Aid from to/from
balance income transfers payable to NCF costs balance
endowment endowment
----- End of picture text -----
A Better Childhood (formallyVulnerable Families) 71,082 1,285 166 0 15,976 (34,851) (155) 0 0 0 53,503
Adult Trust CommunityFirst Revenue Fund 40,589 0 0 0 0 (210) 0 0 8,726 (2,955) 46,150
Adult Trust CommunityServices Revenue Fund (B&C) 53,951 0 0 0 0 (1,350) 0 0 0 0 52,601
Anne Sloman Revenue Fund 6 0 0 0 0 0 0 0 0 1,000 1,006
Annie Bell Revenue Fund 49 0 0 0 0 0 0 0 0 (48) 1
Apollo Fund 0 299,334 0 0 0 (271,301) (28,033) 0 0 0 0
Beech Revenue Fund (B&C) 1,995 2,000 500 0 0 0 (250) 0 0 (405) 3,840
Ben Burgess Revenue Fund 18,329 0 0 0 0 0 0 0 2,266 (767) 19,828
Benny's Battalion Fund 2,075 12,909 374 0 (1,000) (6,600) (1,328) 0 0 0 6,429
Bernard Matthews Revenue Fund 11,925 0 0 0 0 0 0 0 0 (1,579) 10,346
Bill Moore Revenue Fund 1,703 0 0 0 0 0 0 0 0 1,606 3,309
Birketts Revenue Fund 4,860 26,558 5,000 0 0 (27,358) (3,156) 0 5,058 (1,713) 9,249
Bishopof Norwich CommunityFund 33 6,676 0 0 0 (6,069) (640) 0 0 0 (0)
Bolton Trust Revenue Fund 2,527 0 0 0 0 (5,569) 0 0 6,155 (2,084) 1,029
Breckland DC CommunityMatch FundingFund 1,870 100,000 0 0 0 (47,533) (10,000) 0 0 0 44,337
Brief CommunityFund 11,500 16,000 4,000 0 0 (29,900) (1,600) 0 0 0 0
Broadland Meridian Mental Health & WellbeingFund 1 25,000 0 0 0 (22,500) (2,500) 0 0 0 1
C B Jewson Revenue Fund 873 0 0 0 0 (3,000) 0 0 0 2,370 243
Cedar Trust Revenue Fund 3,030 11,000 0 0 0 (37,179) (1,000) 0 2,859 21,928 638
Chiplow Wind Farm Fund 0 20,000 0 0 0 (18,000) (2,000) 0 0 0 0
Clan Trust 3,660 0 0 0 0 0 0 0 0 0 3,660
CommunityRenewal Fund 503 0 0 0 (503) 0 0 0 0 0 0
CommunityResearch Fund 0 27,509 0 0 0 (1,200) 0 (2,100) 0 0 24,209
ConnectingOlder People 52 0 0 0 0 5,000 0 0 0 0 5,052
Corton House 13,080 0 0 0 0 0 0 0 0 0 13,080
Covid 19 CommunityResponse Fund (10) 0 0 0 10 0 0 0 0 0 (0)
Cullingford-Youngs Revenue Fund 15 0 0 0 0 (500) 0 0 0 486 1
D'Attanasio FamilyRevenue Fund 2,566 0 0 0 0 0 0 0 794 4,976 8,336
DCMS Know Your Neighbourhood 702 649,964 0 0 0 (571,513) (40,275) (2,475) 0 0 36,403
Delaval & Veronica Hastings Revenue Fund 7,917 0 0 0 0 0 0 0 0 4,575 12,492
DevelopingCommunities Fund 172,693 172,701 825 0 6,584 (9,397) 0 (54,787) 0 0 243,620
Diocese of Norwich Revenue Fund 108,302 0 0 0 0 0 0 0 16,544 (4,202) 120,644
Dudgeon CommunityFund 65,640 142,888 0 0 0 (140,984) (12,990) 0 0 0 54,554
Duncan Baker Fund 11 26,477 3,445 0 5,200 (32,130) (3,002) 0 0 0 1
Earle & Stuart CT BursaryFund 0 21,000 0 0 0 (20,000) (1,000) 0 0 0 0
East Coast CommunityHealthcare Employee Support Fund 9,257 20,000 0 0 0 (26,039) (2,000) 0 0 0 1,219
East of England Co-opCommunityCare Fund 0 71,320 0 0 0 (66,920) (4,400) 0 0 0 0
Eliel FamilyRevenue Fund 1,328 0 0 0 (1,000) (1,000) 0 0 3,053 (1,034) 1,347
Ellis FamilyFund 45,000 50,000 0 0 0 (90,000) (5,000) 0 0 0 0
ElsingHall Charitable Trust Fund 10,148 0 0 0 0 (500) 0 0 0 0 9,648

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Income Transfers
Opening Other Other Grants Contribution Other Closing
Fund name Donations Gift Aid from to/from
balance income transfers payable to NCF costs balance
endowment endowment
----- End of picture text -----
EwingRevenue Fund 823 0 0 0 0 0 0 0 0 3,288 4,111
Falgate Revenue Fund 21,441 0 0 0 0 (10,000) 0 0 16,188 882 28,512
Farnborough Revenue Fund 992 0 0 0 0 0 0 0 1,247 (437) 1,802
Florence Clarke Revenue Fund 4,530 0 0 0 (4,000) (500) 0 0 0 4,519 4,549
Anonymous 31,306 50,000 12,500 0 0 (78,939) (5,000) 0 19,377 (5,325) 23,919
Foulger CharityRevenue Fund 3,712 0 0 0 0 0 0 0 0 (156) 3,556
Fountain Revenue Fund 16,505 0 0 0 0 0 0 0 0 0 16,505
Four Seasons Fund 43,604 2,000 500 0 0 0 (250) 0 0 0 45,854
Freebridge CommunityHousingRevenue Fund 69,983 10,000 0 0 0 (40,000) (1,000) 0 15,327 17,407 71,717
Friends of Norolk (formallyNorolk Future Fund) 18,164 17,510 2,580 0 (20,000) 0 0 0 0 0 18,254
Fuller Revenue Fund 134,951 0 0 0 0 (33,690) 0 0 44,470 (12,047) 133,684
Goodman Trust Revenue Fund 10,296 0 0 0 0 (10,000) 626 0 10,504 (3,917) 7,509
Great Yarmouth And WaveneyMaternityCare Fund 6,398 0 0 0 0 0 0 0 0 0 6,398
Great Yarmouth CommunityInvestment Fund 45,000 0 0 0 29,383 (74,383) 0 0 0 0 0
GreeningOur Communities Fund 1 50,024 0 0 150 (45,150) (5,002) 0 0 0 23
Hambro Revenue Fund 3,244 0 0 0 0 0 0 0 0 1,302 4,546
Handelsbanken Mental Health & Wellbeing 9 32,974 88 0 0 0 (3,306) 0 0 0 29,764
HealthyYoungMinds 0 0 0 0 0 8,000 0 0 0 0 8,000
High Sherif Revenue Fund 9,837 1,895 0 0 0 0 (190) 0 1,206 1,158 13,907
Higham FamilyRevenue Fund 175,860 0 0 0 0 (15,000) 0 0 27,390 34,815 223,065
Holton Wind Farm CommunityFund 9,000 10,000 0 0 0 (12,500) (1,000) 0 0 0 5,500
Hopestead Fund 740 1,560 0 0 1 (2,223) (78) 0 0 0 0
HorningCommunityFund 128,081 0 0 0 (78,071) 0 0 (11) 0 (50,000) (1)
Household Support Fund 134,150 2,044,598 0 0 (1) (2,031,247) (147,500) 0 0 0 0
Inspiration Trust 'Music Matters' Fund 153 29 8 0 0 0 (4) 0 0 0 186
InspiringOpportunities Fund for children in care/care leavers 13,159 27,500 0 0 10,000 (37,000) (2,500) 0 0 0 11,159
J P Blanch Revenue Fund 44,313 0 0 0 0 (40,010) 0 0 35,937 41,893 82,133
Jacks Lane Wind Farm CommunityFund 17,755 42,589 0 0 0 (46,671) (3,591) 0 0 0 10,083
Jefries Revenue 329 0 0 0 0 0 0 0 0 567 896
Josiah Vavasseur & YMCA Revenue Fund 1 0 0 0 0 0 0 0 0 1,087 1,088
Kennard FamilyRevenue Fund 7,944 541 138 0 (1,000) (8,900) (68) 0 2,816 (974) 497
Kier Revenue Fund 14,044 0 0 0 (5,000) (8,000) 0 0 2,903 (983) 2,964
Kiln Clifs Nuture Fund 9,000 7,378 0 0 0 (6,378) (738) 0 0 0 9,262
Kings Lynn & West Norolk Capital FAS 53,006 0 0 0 0 (33,743) 0 0 0 0 19,263
Kings Lynn & West Norolk Revenue FAS 15,000 9,877 0 0 0 (24,877) 0 0 0 0 0
Kings Lynn & West Norolk Themed Revenue 1,917 0 0 0 0 0 0 0 0 0 1,917
KL & WN Defibrillator Fund 33,000 (33,000) 0 0 0 0 0 0 0 0 0
Lane FamilyRevenue Fund 6,299 20,000 0 0 (15,000) 0 (5,000) 0 3,807 (1,289) 8,817
Laura Elizabeth Stuart 0 1,051 0 0 0 0 (105) 0 0 0 946
LiteracyFund 9,000 50 0 0 (9,045) 0 (5) 0 0 0 0
Little Acorns CommunityFund 12,154 30,000 7,500 0 0 (25,956) (2,625) 0 0 0 21,073
Longforth Revenue Fund 3,129 0 0 0 0 0 0 0 1,629 (552) 4,206

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----- Start of picture text -----
Income Transfers
Opening Other Other Grants Contribution Other Closing
Fund name Donations Gift Aid from to/from
balance income transfers payable to NCF costs balance
endowment endowment
Love Norfolk Microgrants 0 0 0 0 20,000 (480) 0 0 0 0 19,520
----- End of picture text -----

Love Norolk Microgrants 0 0 0 0 20,000 (480) 0 0 0 0 19,520
Love Norolk Revenue Fund 1,073 53,362 5,447 0 43,352 (124,892) (8,433) (40) 35,828 37,684 43,381
Lovewell Blake 4,680 1,255 0 0 0 (1,458) (126) 0 0 0 4,352
Luke DayAdventure Fund 446 0 0 0 0 (424) 0 0 0 0 22
Anonymous 22 0 0 0 (22) 0 0 0 0 0 0
Mike Lindsell CommunityFirst Revenue Fund 964 0 0 0 0 (965) 0 0 1,530 7,830 9,359
Millennium Trust For YoungCarers 13,186 0 0 0 0 (13,149) 0 0 0 0 37
Mills & Reeve CT Revenue 1,853 0 0 0 0 0 0 0 0 1,075 2,928
Momentum Youth Grants 0 15,000 0 0 0 (10,159) (1,500) 0 0 0 3,341
Morris/Fischer Revenue Fund 2,884 0 0 0 0 0 0 0 984 (333) 3,535
Musker Mcintyre Communities Fund 6,660 0 0 0 0 0 0 0 0 0 6,660
NCC EmpoweringCommunities Fund 58,476 0 0 0 0 0 0 0 0 0 58,476
Nelsonspirit CommunityLeaders Fund 943 48 12 0 0 0 (6) 0 0 0 996
nelsonspirit future leaders revenue fund 7,921 964 165 0 0 (2,430) (113) 0 452 (153) 6,806
New Life Fund 16,227 24,000 5,000 0 0 (10,742) (2,900) (450) 0 0 31,135
Norolk 100 287 70,922 0 0 (47,400) 0 0 0 0 (23,700) 109
Norolk and WaveneyCommunityVoices 59,290 126,952 0 0 (45,450) (92,790) (16,186) (1,000) 0 0 30,816
Norolk and WaveneyREND Fund 34,108 1,500 0 0 (8,838) (4,125) (1,500) (2,907) 0 0 18,238
Norolk Armed Forces Covenant Fund 0 11,000 0 0 0 0 (1,000) 0 0 0 10,000
Norolk Children & YoungPeople Revenue 1 0 0 0 0 0 0 0 0 3,482 3,483
Norolk Millennium Trust for Carers 67,690 450 0 0 5,000 (67,754) (20) 0 0 42,927 48,293
Norolk Ofshore Wind Zone Fund 0 5,000 0 0 0 0 (5,000) 0 0 0 0
Norolk PACT Revenue (B&C) 0 0 0 0 0 0 0 0 0 1,406 1,406
Norolk Womens Revenue Fund 3,792 50 13 0 0 0 (13) 0 625 (212) 4,255
Norolk Youth Music Trust Revenue 171 0 0 0 750 (2,000) 0 0 1,202 4,668 4,791
Norman Lamb Mental Health & WellbeingRevenue Fund 122,069 114,359 903 0 40,881 (74,952) (11,538) (16,196) 6,277 (21,569) 160,233
North Pickenham Wind Farm CommunityFund 0 10,000 0 0 0 (9,000) (1,000) 0 0 0 0
Norwich Lads Club & YMCA Revenue Fund 0 0 0 0 0 0 0 0 0 4,551 4,551
Norwich 4 New Enterprise 24,967 0 0 0 0 0 0 0 0 0 24,967
NourishingNorolk - Set Up 354,280 240,672 2,086 0 (339,301) (154,026) (25,779) (7,275) 0 0 70,657
NourishingNorolk - Sustainability 35,816 153,050 1,606 0 285,427 (189,000) (10,461) (3,840) 0 0 272,599
NourishingNorolk AddiitionalityProject 48,664 54,000 0 0 0 (39,255) (3,900) 0 0 0 59,510
NourishingNorolk Civic Charity 4,098 19,796 165 0 (23,498) 0 (561) 0 0 0 0
NourishingNorolk Distribution Hub 39,056 8,102 366 280,109 12,500 0 (879) (264,515) 0 0 74,738
NourishingNorolk Superhero 0 0 0 0 0 0 0 0 0 0 0
P & W Bassham CT CommunityFirst Revenue Fund 88,303 0 0 0 (10,200) (48,991) 0 0 38,250 (6,476) 60,886
Palms Mental Health Revenue Fund 3,406 0 0 0 0 (4,839) 0 0 637 890 95
Paul Morgan Revenue Fund 2,877 0 0 0 (750) (2,500) 0 0 3,021 3,440 6,088
Pearson FamilyRevenue Fund 1,538 0 0 0 0 (1,000) 0 0 1,431 (484) 1,485
Public Health - EmpoweringCommunities for Mental Health & WB 41,545 153,800 0 0 (41,526) (123,737) (15,380) 0 0 0 14,702
R C SnellingRevenue Fund 8,824 0 0 0 0 (50,000) 0 0 16,367 43,781 18,972
R G Carter Revenue Fund 4,301 0 0 0 0 0 0 0 0 841 5,142

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----- Start of picture text -----
Income Transfers
Opening Other Other Grants Contribution Other Closing
Fund name Donations Gift Aid from to/from
balance income transfers payable to NCF costs balance
endowment endowment
----- End of picture text -----
R M Madders Revenue Fund 1,840 150 38 0 0 0 (19) 0 0 6,631 8,640
Rachel Lane Fund 13,917 0 0 0 0 0 0 0 0 0 13,917
Raise the Alarm Fund 10,136 0 0 0 0 0 0 0 0 0 10,136
Ranworth Trust Revenue 20,514 30,000 0 0 (30,000) (18,000) 0 0 0 19,903 22,417
Red House Trust Revenue Fund 5,289 0 0 0 0 (65,000) 0 0 16,636 43,250 175
Richard Cole Revenue Fund 577 0 0 0 0 (900) 0 0 771 (144) 304
Richard Nash GroupRevenue 0 0 0 0 0 0 0 0 0 394 394
Rose BerneyMemorial Fund 18,460 57,291 4,862 0 0 0 (10,140) (15,503) 0 0 54,971
Sail4Recovery 17,694 0 0 0 0 (15,096) 0 0 0 0 2,598
Saracens Norolk Fund 22,276 85,600 0 0 0 (81,504) (5,600) 0 0 0 20,772
Scout Association Revenue Fund 53,241 0 0 0 0 0 0 0 0 (1,765) 51,476
Shadwell CommunityFund 0 2,750 0 0 (2,000) (500) (250) 0 0 0 0
Shakespeare's Guildhall Trust Fund 9,398 900 0 0 0 (10,208) (90) 0 0 0 0
Sheila Ann DayFund 40,862 0 0 0 0 (40,862) 0 0 0 0 0
ShelroyTrust Revenue Fund 59,393 0 0 0 0 (125,716) 0 0 98,186 (17,284) 14,579
Sheringham Shoal Revenue Fund 646 100,000 0 0 0 (89,500) (10,000) 0 0 3,302 4,448
Silk Purse Revenue Fund 343 0 0 0 (6,000) 0 0 0 10,800 (3,657) 1,486
Sir Martin LaingFund 0 40,000 0 0 0 0 (4,000) 0 0 0 36,000
Sophie's Sparkle Fund 15,715 80,234 289 0 1,000 (38,086) (8,087) 0 0 0 51,065
Street Aid 16,037 10,006 723 0 0 (2,760) (1,105) 0 0 0 22,902
SupportingPositive Activities and CommunityEngagement (SPACE) 40,853 66,400 0 0 (5,976) (94,637) (6,640) 0 0 0 0
SurvivingWinter Appeal 63,017 87,246 1,769 0 12,500 (140,733) (8,800) 0 0 0 14,999
TargetFollow Foundation Revenue Fund 4,268 0 0 0 0 (4,268) 0 0 0 0 1
The BigOardeal 28,239 4,170 1,025 0 0 (32,695) (519) 0 0 0 219
The Brighter Future Fund 2,000 0 0 0 0 0 0 0 0 0 2,000
The NCF BursaryFund 0 1,100 0 0 0 (1,000) (100) 0 0 0 0
The Norolk Heart Trust 384,331 91,561 1,029 4,072 0 (564,935) (2,636) 11,076 0 309,936 234,434
The Norolk Sports AcademyFund 0 5,000 0 0 0 0 (125) 0 0 0 4,875
Thelveton Revenue Fund 4,196 100 25 0 0 0 (13) 0 2,609 (884) 6,034
Theodore Agnew Revenue 27,723 0 0 0 0 (165,000) 0 0 19,381 134,608 16,712
Thetord Shines Brighter 17,654 0 0 0 0 (4,934) 0 0 0 0 12,720
Tim & Hazel Barrett Revenue Fund 5,723 2,500 0 0 0 (1,970) (250) 0 0 694 6,697
Together for Women and Girls Revenue Fund 1,913 2,345 425 0 0 0 (277) 0 0 0 4,406
Together to Thrive Fund 23,400 6,000 0 0 0 (6,000) (600) 0 0 0 22,800
Turnpike Farm Revenue Fund 2,134 0 0 0 (23,338) 0 0 0 380 20,825 0
Two Year Old Capital Fund 97,620 0 0 0 0 0 0 0 0 0 97,620
UKRI 2,410 9,801 0 0 (11,388) 0 0 (823) 0 0 0
VictoryHomes CommunityFund 22,441 39,999 0 0 0 0 (3,636) 0 4,147 6,353 69,304
Walking4 Norolk 440 0 0 0 0 0 0 0 0 0 440
Warminger WellbeingFund 35,083 0 0 0 0 0 0 0 0 0 35,083
Warren Services Employee Support Fund 22,200 0 0 0 0 (5,700) 0 0 0 0 16,500
Welcome to Norolk 56,543 98 25 0 45,450 (98,386) (12) 0 1,018 0 4,736

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Income Transfers
Opening Other Other Grants Contribution Other Closing
Fund name Donations Gift Aid from to/from
balance income transfers payable to NCF costs balance
endowment endowment
----- End of picture text -----
WellbeingSupport for New Fathers 0 148,145 0 0 0 (133,331) (14,814) 0 0 0 0
Wellingham Relief in Need Revenue Fund 59,084 6,774 0 219 0 0 (699) (2,595) 4,512 (1,528) 65,767
West Norolk Employment Fund (Colson Rev CF) 25,791 30 8 0 (150) (26,173) (4) 0 12,033 (4,075) 7,460
West Norolk Lives Revenue Fund 20,612 68,652 0 0 0 (842,121) 0 0 0 752,858 1
West Norolk Rural CommunityCapital 0 265,334 0 0 0 (242,834) (22,500) 0 0 0 0
Weston Wind Farm CommunityFund 6,283 10,000 0 0 0 (15,283) (1,000) 0 0 0 0
YoungFoundation ParticipatoryPolicyFund 0 25,000 0 0 0 0 (2,500) (1,933) 0 0 20,567
YoungNorolk Sports Fund 2,250 0 0 0 0 0 0 0 0 0 2,250
Grand Total 4,054,056 6,340,664 63,602 284,400 (194,292) (7,940,567) (507,375) (365,374) 505,333 1,422,458 3,660,905

15. ENDOWMENT FUNDS

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Fund name Opening balance Investment income Donations Gift Aid Transfers Movement on investments Management fees Grand total
----- End of picture text -----
Adult Trust CommunityFirst Endowment Fund 295,483 0 0 0 0 6,675 0 302,158
Anne Sloman Endowment Fund 28,283 893 0 0 (1,283) 1,141 (85) 28,949
Annie Bell Endowment Fund 40,710 1,216 505 126 (359) 1,527 (114) 43,611
Beech Endowment Fund (B&C) 40,520 1,235 0 0 0 1,270 0 43,025
Ben Burgess CommunityFirst Endowment Fund 38,137 0 0 0 0 862 0 38,999
Ben Burgess Endowment Fund 38,581 0 0 0 0 872 0 39,453
Bernard Matthews Grassroots Endowment Fund 157,861 5,113 0 0 0 6,417 (481) 168,910
Bill Moore Grassroots Endowment Fund 64,224 2,039 0 0 (2,248) 2,596 (194) 66,417
Birketts CommunityFirst Endowment Fund 77,997 0 0 0 0 1,762 0 79,759
Birketts Grassroots Endowment Fund 93,284 0 0 0 0 2,107 0 95,391
Bolton Trust CommunityFirst Endowment Fund 208,414 0 0 0 0 4,708 0 213,122
C B Jewson Grassroots Endowment Fund 63,036 1,987 0 0 (3,000) 2,555 (189) 64,388
Cedar Trust CommunityFirst Endowment Fund 27,839 0 0 0 0 629 0 28,468
Cedar Trust Grassroots Endowment 79,382 0 0 0 (23,000) 2,025 0 58,407
Copeman FamilyEndowment Fund 0 0 151,782 0 0 (1,388) 0 150,394
Cullingford-Youngs FamilyEndowment Fund 22,539 673 360 90 (711) 846 (63) 23,734
D'Attanasio FamilyCommunityFirst Endowment Fund 30,804 0 0 0 (5,284) 606 0 26,126
Delaval & Veronica Hastings Endowment Fund 182,991 5,809 0 0 (6,405) 7,397 (552) 189,240
Diocese of Norwich CommunityFirst Endowment Fund 513,586 0 0 0 0 11,602 0 525,188
Diocese of Norwich Endowment Fund 46,658 0 0 0 0 1,054 0 47,712
Eliel FamilyCommunityFirst Endowment Fund 103,381 0 0 0 0 2,335 0 105,716
EwingEndowment Fund 131,525 3,971 0 0 (4,603) 4,259 0 135,152
Falgate CommunityFirst Endowment Fund 551,907 0 0 0 (5,021) 12,383 0 559,268
Farnborough CommunityFirst Endowment Fund 34,744 0 0 0 0 785 0 35,529
Farnborough Endowment Fund 8,999 0 600 150 0 169 0 9,918
Florence Clarke Grassroots Endowment Fund 180,769 5,739 0 0 (6,327) 7,307 (546) 186,942
Anonymous 321,763 0 0 0 (1,250) 7,240 0 327,753
Anonymous 335,651 0 0 0 0 7,582 0 343,233

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Fund name Opening balance Investment income Donations Gift Aid Transfers Movement on investments Management fees Grand total
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Foulger CharityEndowment Fund 15,642 507 0 0 0 636 (48) 16,737
Freebridge CommunityFirst Endowment Fund 427,274 0 0 0 (22,766) 9,267 0 413,775
~~Freebridge Community Housing Grassroots Endowment~~
Fund		 108,610 0 0 0 0 2,453 0 111,063
Fuller CommunityFirst Endowment Fund 1,130,441 0 0 0 (46,870) 24,743 0 1,108,314
Fuller Endowment 375,432 0 0 0 46,870 9,315 0 431,617
Goodman Trust Endowment Fund 130,827 486 0 0 (3,044) 903 (46) 129,127
Hambro Grassroots Endowment Fund 52,043 1,652 0 0 (1,822) 2,104 (157) 53,820
High Sherif CommunityFirst Endowment Fund 42,007 0 0 0 (1,578) 922 0 41,351
Higham FamilyCommunityFirst Endowment Fund 956,818 0 0 0 (39,599) 20,944 0 938,163
J P Blanch CommunityFirst Endowment Fund 812,075 0 0 0 (54,466) 17,422 0 775,032
J P Blanch Grassroots Endowment Fund 445,190 0 0 0 0 10,057 0 455,247
Jefries Grassroots Endowment Fund 22,699 721 0 0 (794) 927 (69) 23,484
Josiah Vavasseur & YMCA Grassroots Endowment Fund 39,542 1,255 0 0 (1,384) 1,598 (119) 40,892
Kennard FamilyCommunityFirst Endowment Fund 97,388 0 0 0 0 2,154 0 99,542
Kier Grassroots Endowment Fund 98,316 0 0 0 0 2,221 0 100,537
Lane FamilyCommunityFirst Endowment Fund 128,925 0 0 0 0 2,912 0 131,837
Laura Elizabeth Stuart Memorial Endowment Fund 0 0 224,721 0 0 476 0 225,197
Longforth Endowment Fund 55,159 0 0 0 0 1,246 0 56,405
Love Norolk Community First Endowment Fund 220,345 0 0 0 17,914 4,850 0 243,109
Love Norolk Endowment Fund 1,276,254 3,869 0 0 5,322 16,785 (147) 1,302,082
Mike Lindsell CommunityFirst Endowment Fund 57,845 0 0 0 (8,148) 1,169 0 50,866
Mills & Reeve Grassroots Endowment Fund 42,992 1,365 0 0 (1,505) 1,738 (130) 44,460
Morris/Fischer CommunityFirst Endowment Fund 33,333 0 0 0 0 753 0 34,086
nelsonspirit future leaders CommunityFirst Endowment Fund 15,318 0 0 0 0 346 0 15,664
Norolk PACT Endowment 56,265 1,716 0 0 (1,969) 1,763 0 57,775
Norolk Womens Endowment Fund 21,164 0 0 0 0 478 0 21,642
Norolk Youth Music Trust Endowment (CCLA) 44,326 0 0 0 (5,000) 1,030 0 40,356
Norman Lamb Endowment 156,910 0 0 0 20,000 3,453 0 180,363
Norwich Lads Club & YMCA Grassroots Endowment 165,488 5,254 0 0 (5,792) 6,689 (499) 171,140
P & W Bassham CT CommunityFirst Endowment Fund 1,295,264 0 0 0 0 29,260 0 1,324,524
Palms Mental Health CommunityFirst Endowment Fund 22,409 0 0 0 (1,114) 487 0 21,782
Paul Morgan CommunityFirst Endowment Fund 105,612 0 0 0 (4,496) 2,310 0 103,425
Pearson FamilyCommunityFirst Endowment Fund 48,371 0 0 0 0 1,095 0 49,466
R C SnellingCommunityFirst Endowment Fund 554,249 0 0 0 0 12,521 0 566,770
R C SnellingGrassroots Endowment Fund 274,968 5,412 0 0 (50,000) (726) 0 229,654
R G Carter Grassroots Endowment 30,574 971 0 0 (1,070) 1,236 (92) 31,618
R M Madders Endowment Fund 209,240 6,956 32,000 8,000 (8,723) 7,155 0 254,628
Ranworth Trust Grassroots Endowment Fund 723,739 16,851 0 0 (25,331) 1,264 0 716,523
Red House CommunityFirst Endowment Fund 563,349 0 0 0 0 12,726 0 576,075
Red House Youth Project Endowment Fund 111,680 2,962 0 0 (50,000) 2,004 0 66,646
Richard Cole CommunityFirst Endowment 26,108 0 0 0 0 590 0 26,698
Richard Nash GroupEndowment 10,626 335 0 0 (500) 429 (35) 10,854
Scout Association Endowment Fund 352,924 7,497 0 0 0 (2,794) 0 357,627
ShelroyTrust CommunityFirst Endowment Fund 2,887,525 0 0 0 0 65,229 0 2,952,754

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ShelroyTrust End (B&C) 897,709 21,205 0 0 0 8,640 0 927,554
ShelroyTrust Endowment Fund (CCLA) 443,234 0 0 0 (25,000) 10,387 0 428,621
Sheringham Shoal Grassroots Endowment Fund 132,096 4,194 0 0 (4,623) 5,340 (399) 136,607
Silk Purse CommunityFirst Endowment Fund 365,704 0 0 0 0 8,261 0 373,965
The Norfolk Heart Trust Endowment Fund 369,675 1,764 60,000 0 (313,633) 2,195 0 120,001
Thelveton (non CF) CCLA Endowment 22,852 0 0 0 0 516 0 23,368
Thelveton CommunityFirst Endowment Fund 65,530 0 0 0 0 1,480 0 67,010
Theodore Agnew CommunityFirst Endowment Fund 711,692 0 0 0 (74,838) 14,810 0 651,663
Theodore Agnew Endowment 311,258 5,421 0 0 (70,000) 1,464 0 248,143
Tim & Hazel Barrett Endowment Fund 27,762 881 0 0 (972) 1,122 (84) 28,710
Turnpike Farm CommunityFirst Endowment Fund 17,611 0 0 0 (18,161) 549 0 0
Turnpike Farm Endowment Fund 18,903 612 0 0 (20,180) 721 (56) 0
VictoryHousingCommunityFirst Endowment 146,222 0 0 0 (7,815) 3,171 0 141,577
Wellingham Relief in Need Endowment 152,797 0 0 0 0 3,452 0 156,249
West Norfolk Employment Fund (Colson End Community First) 407,484 0 0 0 0 9,205 0 416,689
West Norfolk Lives Endowment Fund 727,422 9,633 0 0 (760,132) 24,153 (1,076) 0
Grand Total 22,782,285 130,194 469,968 8,366 (1,600,711) 474,927 (5,182) 22,259,847
Goodman Permanent Endowment Fund
Norfolk Children & Young People Endowment
Norfolk Millennium Trust for Carers Endowment		 624,587
116,045
1,717,044		 0
3,431
48,172		 74,723
0
0		 0
0
0		 715
(4,062)
(60,097)		 44,279
3,435
238		 0
0
0		 744,304
118,849
1,705,356
Total 2,457,676 51,602 74,723 0 (63,444) 47,952 0 2,568,509
Total Endowment Funds 25,239,961 181,796 544,692 8,366 (1,664,155) 522,879 (5,182) 24,828,356

79

80

16. ANALYSIS NET ASSETS BETWEEN FUNDS – CURRENT YEAR

Aggregated Unrestricted
funds
£000		 Restricted
funds
£000		 Endowment
funds
£000		 Total
funds
£000
Tangible fixed assets 51 6 - 57
Investments - 604 24,748 25,352
Bank balances 586 3,050 81 3,717
Other net current assets/(liabilities) 216 - - 216
853 3,660 24,829 29,342
Charitable Company
Tangible fixed assets 51 6 - 57
Investments - 604 22,260 22,783
Bank balances 586 3,050 81 3,717
Other net current assets/(liabilities) 216 - - 216
853 3,660 22,341 26,773
Charitable Trust
Investments - - 2,569 2,569
- - 2,569 2,569

16. ANALYSIS NET ASSETS BETWEEN FUNDS – PRIOR YEAR

Aggregated Unrestricted
funds
£000		 Restricted
funds
£000		 Endowment
funds
£000		 Total
funds
£000
Tangible fixed assets 48 9 - 57
Investments - - 25,325 25,325
Bank balances 705 3,339 223 4,267
Other net current assets/(liabilities) (44) 706 (308) 254
709 4,053 25,240 30,003
Charitable Company
Tangible fixed assets 48 9 - 57
Investments - - 23,067 23,067
Bank balances 705 3,339 223 4,267
Other net current assets/(liabilities) (44) 706 (508 754
709 4,053 22,782 27,545
Charitable Trust
Investments -
-		 -
-		 2,258
200		 2,258
200
Other net current assets/(liabilities)
- - 2,458 2,458

81

82

17. MOVEMENT IN FUNDS – CURRENT YEAR

Fund balances at 31 December 2024 are represented by:-

Aggregated
Unrestricted funds
General fund 710 490 (1,291) 944 - 853
Restricted funds 4,056 7,194 (8,308) 720 - 3,660
Endowment funds 25,240 735 (5) (1,664) 523 24,829
30,003 8,419 (9,604) - 523 29,342
Charitable Company
Unrestricted funds
General fund 504 240 (1,291) 944 - 853
Designated funds 206 - - - - -
Restricted funds 4,056 7,194 (8,308) 720 - 3,660
Endowment funds 22,782 609 (5) (1,602) 475 22,260
27,548 8,043 (9,604) - 475 26,773
Charitable Trust
Endowment funds 2,457 126 - (62) 48 2,569
2,457 126 - (62) 48 2,569

17. MOVEMENT IN FUNDS – PRIOR YEAR

Fund balances at 31 December 2023 are represented by:-

Aggregated
Unrestricted funds
General fund 699 117 (1,021) 709 - 504
Designated funds 119 - (96) 183 - 206
Restricted funds 3,335 6,238 (5,182) (337) - 4,056
Endowment funds 23,522 486 (6) (555) 1,792 25,239
27,675 6,841 (6,305) - 1,792 30,003
Charitable Company
Unrestricted funds
General fund 699 117 (1,021) 709 - 504
Designated funds 119 - (96) 183 - 206
Restricted funds 3,335 6,238 (5,182) (337) - 4,056
Endowment funds 21,954 182 (6) (1,053) 1,705 22,782
26,107 6,537 (6,305) (498) 1,705 27,546
Charitable Trust
Endowment funds 1,568 304 - 498 87 2,457
1,568 304 - 498 87 2,457

The designated funds relate to a five-year sustainability and continuity project.

83

84

18. FINANCIAL INSTRUMENTS

2024
£000
2023
£000		 2024
£000
2023
£000
Financial assets at fair value through statement of financial activities:
25,352 25,325
25,352 25,325

The main risk from the charity’s investment portfolio is uncertainly in the investment markets. This is managed by appointing professional fund managers who manage the funds on a moderate risk basis. Liquidity risk is considered low because investments are in traded securities

19. POST BALANCE SHEET EVENT

Following the year-end, an existing charity has donated funds totalling £1,790,000 which will be allocated to the expendable endowment. Additionally, the charity has received a significant legacy of £1,000,000 post year-end, which will be treated as unrestricted funding.

20. RELATED PARTIES

During the period the charity received legal services with a value of £4,020 (2023: £6,120) from Birketts LLP, a company which E Savory (Company Secretary) is a Director of. An amount of £nil (2023: £nil) was due to Birketts LLP at the year end. During the period the charity also received a donation of £30,458 from Birketts (2023: £20,000).

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Find out more or get in touch

Norfolk Community Foundation First Floor, Carmelite House, 2 St James Court, Norwich, NR3 1SL

01603 623958 norfolkfoundation.com shinebrighter@norfolkfoundation.com

Registered Charity No. 1110817 Company Registration No. 05234236