Char5ty number 1114766
THE NORTON-FREEMAN
CHARITABLE TRUST
6 APRIL 2024

NORTON-FREEMAN CHARITABLE TRUST
YEAR ENDED 5 APRIL 2024
INDEX TO ACCOUNTS
Page No
Legal and administrative details
Independent Examinerfs Report
Statement of Trustees Responsibilities
Report of the Trustees
Income and Expendlture Account
Balance Sheet
Ca8hflow
8-12
Notes to the Accounts

NORTON-FREEMAN CHARITABLE TRUST
YEAR ENDED 5 APRIL 2024
LEGAL AND ADMINISTRATIVE DETAILS
Trustees Jane Freeman
Duncan Charles Williams
Robert James Horner
The settlement was created by the deed dated 28 April 2006.
The trust fund consists of all money, investments or other propety paid or transferred by any
person or persons to or so as to be under the control of and accepted by the Trustees as
addÉtions.
Charltable objectlves
The Trustees shall hold the capital and income for such one or more charities or charitable
institutions or for such purpose or purposes that are exclusively charitable according to the law in
England and Wales in such proportions or shares as they shall think fit including but not limited
The relief of financlal need and sufferlng among victims of natural or other kinds of
disaster.
The advancement of medical research into the treatment and care of persons suffering
from mental or physical illness of any description.
The advancement of the Christian religion in accordance with the Protestant doctrine, by
the provision of funds for the maintenance of Protestant cathedrals or churches to
improve facilities to provide religious leaching.
The charity is registered with the Charity Commission for England & Wales. The registration
number of the charity is 1114766,

Independent Examiner's Report to the
TRUSTEES OF THE NORTON-FREEMAN CHARITABLE TRUST
I report on the accounts of the Trust for the year ended 5 April 2024, which are set out on pages
7t014.
Respective Responslbllltles of Trustees and Examlner
The Charity's Trustees are responsible for the preparation of the accounts. The Charity's
Trustees consider that an audit is not required for this year under section 144(2) of the Charities
Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility
to:_
examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the General 01￿ctiOnS given by the Charty
Commission under section 145(5>(b) of the 2011 Act., and
to state whether particular matters have come to my attention.
Basis of Independent Examlner's Report
My examination was carried out in accordance with the General Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the Charity and
a comparison of the accounts presented with those records. It a150 includes consideration of any
unusual items or disclosures in the accounts, and the seeking of explanations from you as
Trustees concerning any such matters. The procedures undertaken do not provide all the
eviden￿ that would be required in an audit and. consequently no opinion is given as to whether
the accounts present a 'true and fair view, and the report is limited to those matters set out in the
statement below,
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention..
which gives me reasonable cause to believe that, in any material respect, the
requirements.,
to keep accounting records in accordance with section 130 of the 2011 Act. and
to prepare accounts which accord with the accountlng records and to comply with
the accounting requirements of the 2011 Act.
have not been met;
or
to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
L14od?L>r
Sara Horbury
6 Leadhall Way, Harrogate
14 July 2025

NORTON-FREEMAN CHARITABLE TRUST
YEAR ENDED 5 APRIL 2024
Trustees, Responslbilities in Relatlon to the Financlal Statements
The Charity's Trustees are responsible for preparing a Trustees, annual report and financial
statements in accordan￿ with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Charity Trustees to prepare
financial statements for each year which give a true and fair view of the state of affairs of the
Charity and of the incoming resources and application of resources, of the Charity for that period.
In preparing the financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the applicable Charities SORP;
make Judgements and estlmates that are reasonable and prudent.
stste whether applicable accounting stsndards have been followed, subject to any
material departures disclosed and explained In the financial staternents;
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the Charity will continue in business.
The Trust*s are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the Charity and to enable them to
ensure that the financial statements comply with the Charities Act 2011, the applicable Charities
(Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also
responsible for safeguarding the assets of the Charity and taking reasonable steps for the
prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the Charity and financial
information included on the Charity's website. Legislation in the United Kingdom goveming the
preparation and dissemination of financial statements may differ from legislation in other
jurisdictions.

NORTON-FREEMAN CHARITABLE TRUST
REPORT OF THE TRUSTEES
The Trustees report that the Financial Ststements as at 5 April 2024 are in the format required by
the Statement of Recommended Practice: Accounting by Charities (known as Charities SORP).
Objects of the Charlty
These are set out on page 1 of these accounts under Legal and Administrative Details.
Management, Policies and Structures of the Charty
The Charity is managed by the Trustees who meet as and when required and annually to
consider donations for the year,
Trustees in office during the year were as follows:_
Miss Jane Freeman
Mr Duncan Williams
Mr Robert Horner
Revlew of the Flnanclal Statements for the Year
The figures for last two accounting years show a significant increase In incoming resources of
£714,398 (2023: £2,049,307) for the year compared to prior periods which were due to the
generosity of Sally Freeman who left the bulk of her estate to the charity. No further significant
receipts are expected in the year to 5 April 2025 and in future years. Due to increased funds
investment income increased significantly and is expected to increase further in future years as
the funds from Sally Freeman's estate are fully invested
Donations also increased in the year from £55,000 to £65,000 and it is anticipated that increased
levels of donations will be made to reflect increased income.
Rlsk Management
The Trustees continue to assess the major risks to which the Charity is exposed, particularly the
operations and fInan￿S of the Charity, to ensure its systems mitigate exposure to the major
risks.
Reserves Pollcy
The Trustees are of the opinion that the Charity's reserves should be of a magnitude to generate
Income through investments, ignoring the benefit of any future legacies, which would enable it to
meet current levels of donations. The Trustees consider, therefore. that the reserves are
adequate to enable the Charity to meet its objects set out in the constitution for many years to
come.
Publlc Beneflt
The Trustee5 confirm that they have complied with their duty to have due regard to the Charity
Commission's guidance on public benefit when exercising their powers or duties.
Fundralslng
The trustees have considered their responsibilities under the Charities (Protection and Social
Investment) Act 2016. The charity does not fund raise from the general public. Its income for this
year and previous year came exclusively from a donation of a former trustee and the investment
income arising from the investment of that donation. The trustee5 have no plans to raise income
from the public.
rt Horner
ehalf of the Trustees
14 July 2025

NORTON-FREEMAN CHARITABLE TRUST
INCOME AND EXPENDITURE ACCOUNT FOR THE
YEAR ENDED 5 APRIL 2024
Note
2024
2023
INCOMING RESOURCES
Incoming resources from gene￿ted funds
Donations and gifts received
Gift aid recovered
Investment income
Dividends received (net)
657,838
2,023,072
Total incoming resources
714,398
2,049,307
RESOURCES EXPENDED
Costs of generating funds
Accountancy charges
Independent examination fees
Legal and professional fees
Stockbroker fees
810
1,000
630
720
19,325
11,014
Charitable activities
Donations made
55,000
Total resources expended
66,014
NET INCOMEI(OUTGOING) RESOURCES BEFORE
OTHER RECOGNISED GAINS & LOSSES
Gainsl{losses) on revaluationldisposal of
investments
630,073
1,983,293
NET MOVEMENT IN FUNDS
631,475
2,021,155
RECONCILIATION OF FUNDS
Total funds brought forward
Net movement in funds
2,147,833
631475
126,678
2021 155
Totsl funds carried forward
2,779,308
2,147,833
The not8s on pages 8 to 12 fomi part of these accounts.

NORTON-FREEMAN CHARITABLE TRUST
BALANCE SHEET AS AT 5 APRIL 2024
2024
2023
Notes
FIXED ASSETS
Investments
2,442,638
2,117,086
CURRENT ASSETS
stockbrokers, Account
Cash at bank
339.884
32,152
339,884
32,152
CURRENT LIABILITIES
Accountancy
stockbroker fees
2,214
1,000
1,405
3,214
1,405
NET CURRENT ASSETS
336 670
NET ASSETS
2,779,308
2,147,833
RESERVES
General unrestricted fund
2,779,308
2,147,833
TRUSTEES APPROVAL OF ACCOUNTS
In accordance with the engagement letter dated 14 July 2025, we approve the financial
information which comprises the Income and Expenditure Account and the Balance Sheet.
Dated
rt Horner
tee
Signed for and on behalf of the Trustees
The notes on pages 8 to 12 fomi part of these accounts.

NORTON-FREEMAN CHARITABLE TRUST
CASHFLOW STATEMENT AS AT 5 APRIL 2024
2024
2023
Notes
CASH USED IN OPEFIATING
ACTIVITIES
(82,516)
(65,693)
Cashflows from investing activities:_
Dividends and interest received
Purchase of investments
Sales of investments
56,560
{432,550)
108,400
26,235
(322,513)
98,200
NET CASH USED BY INVESTING
ACTIVITIES
(267,590)
(198,078)
Cashtlows from financing activities:_
Cash donations and bequests received
657,838
284,418
NET CASH PROVIDED BY
FINANCING ACTIVITIES
657,838
284,418
Change in cash & cash equivalents
Opening cash & cash equivalents
307,732
20,647
11.505
CLOSING CASH & CASH
EQUIVALENTS
339,884
32,152
The notes on pages 8 to 12 fomi part of these accounts.

NORTON-FREEMAN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE
YEAR ENDED 5 APRIL 2024 (cont'd)
2024
2023
GENERAL UNRESTRICTED FUND
At 6 April 2023
2,147,833
126,678
Net incoming resources before other recognised gains &
losses
630,073
1,983,293
Gainsl(losses) on revaluationldisposal of Investments
1,402
37,862
At S Aprll 2024
2,779,308
2,147,833
2024
2023
RECONCILIATION OF NET MOVEMENT IN FUNDS TO
NET CASHFLOW FROM OPERATING ACTIVITIES
Net movement in funds
Unrealised {gain)Ilosses on Investments
Dividends & interest from investments
Realised (profits)Ilosses on sale of investments
Donations & bequests
Increasel(decrease) in creditors
631,475
2,021,155
6,326
(44,061)
{56,560>
(26,235)
(7.728}
6,199
(657,838) (2,023,072)
321
NET CASH PROVIDED BYI(USED IN) OPERATING
ACTIVITIES
(82,516)
(65,693)
TRUSTEES, REMUNEFIATION
Lithgow Perkins LLP, a flrm of chartered accountants of which Robert Horner is
partner, prepare the annual accounts. No Invoices were raised during the year but a fee
of £5,710 plus VAT was invol￿d ft)r 3 years, accounts and other work in March 2025.
Williams Investment Management LLP, a firm of investment managers of which Duncan
Williams is a partner. manage the investments of the charity. Total fees of £16,885 were
paid for investment management during the year.
12