Docusign Envelope ID.. D534B494-AF9747B2-8BC&EE39DC75A5DD Paradi Nor PARADIGM NORTON TRUST (A COMPANY LIMITED BY GUARANTEE) DIRECTORS REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Registered Charity Number: 1116837 Company Registered Number: 5875654
Docusign Envelope ID.. D534B494-AF9747B2-8BC&EE39DC75A5DD PARADIGM NORTON TRUST Report and Financial Statements Contents Page Legal and administrative information TrusteeslDirectors Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts 9-14
Docusign Envelope ID.. D534B494-AF9747B2-8BC&EE39DC75A5DD PARADIGM NORTON TRUST Legal and Administrative Information Reference and administrative information Charity name: Charity registration number: Company registration number: Paradigm Norton Trust 1116837 5875654 Registered off ice Paradigm House Macrae Road Ham Green Bristol BS20 ODD TrusteeslDirectors M Goddard (Chairman} S Groves L Bennett K Barnard (appointed 0810712025) G Hopkinson {appointed 0810712025) T Chaplin (resigned 0810712025) Independent examiner Alison Saunders Bsc {Hons} ACA clo Paradigm House Macrae Road Ham Green Bristol BS20 ODD Bankers HSBC Bank plc 62 George White Street Cabot Circus Bristol BS1 3BA
Docusign Envelope ID.. D534B494-AF9747B2-8BC&EE39DC75A5DD PARADIGM NORTON TRUST TrusteeslDire¢tors Report For the year ended 31 March 2025 The Trustees are pleased to present their annual reporttogetherwith the independently examined financial statements of the charity for the year ended 31 March 2025. This report forms the Trustees. report for the purposes of Section 162 of the Charities Act 2011 and the directors. reportfor the purposes of Chapter 5 of Part 15 of the Companies Act 2006. Legal and administrative information set out on page 1 forms part of this report. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. Members of the Board The directors of the charitable company {the charity) are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees. The Trustees serving during the period were as follows: M Goddard (Chairman) S Groves L Bennett K Barnard (appointed 0810712025) G Hopkinson {appointed 0810712025) T Chaplin (resigned 0810712025) We certify that so far as we are aware. the independent examiner has been made aware of all relevant information. Governing document The Paradigm Norton Trust is a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 13 July 2006. It is registered as a charity with the Charity Commission. The Company currently has 4 members (as at March 20251, each of whom agrees to contribute £1 in the event of the charitywinding up. Appointment of Trustees Trustees are appointed at the Annual General Meeting. However, the Trustees may at any time co-opt any individual who is qualified to be a Trustee to fill a vacancy or as an additionalTrustee, but a co-opted Trustee only holds office until the next AGM. Trustees will seNe a three year term of off ice which can be renewed. Trustee induction and training Any new Trustees will be formally briefed on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the decision making processes and the recent financial performance of the charity by the existing Trustees. They will also be encouraged to attend appropriate external training events where these will facilitate the undertaking of their role, and also to review the information available on the Charity Commission's website.
Docusign Envelope ID.. D534B494-AF9747B2-8BC&EE39DC75A5DD PARADIGM NORTON TRUST TrusteeslDire¢tors Report For the year ended 31 March 2025 Organisation The board of Trustees may have a minimum of two members and a maximum of six. There is a "Governing Council" selected from the employees of Paradigm Norton Financial Planning Ltd. who assist the Trustees in the decisions regarding the distribution of the available funds. The Trustees are required to hold at least four meetings a year. Related parties There are currently no related parties. Risk management The Trustees have a risk management strategy which comprises- an annual reviewof the risks the charity mayface" the establishment of systems and procedures to mitigate those risks identified in the plan" and the implementation of procedures designed to minimise any potential impact on the charity should those risks materialise. The objects of the charity are: to further any charitable purpose, whether or not the purpose is carried out within England and Wales or elsewhere or, to benefit any charitable institution. whether or not its works are carried out within England and Wales or elsewhere. The Trustees continue to ensure that the Trust keeps within its stated objectives and to carry out the charity's aims for the public benefit and have complied with the duty in section 4 of the 2006 Charities Act to have due regard to public benefit guidance published bythe Charity Commission. Within the forum of the Governing Council. decisions were reached to support a range of causes. situated mainly in London. the South West of England or in the developing world. nt The Chairman of the Trust continued to be assisted by Sue Groves as both the Administrator and Financial administrator. Sue Groves has helped by identifying and liaisingwith potential beneficiaries and looking after the accounting records on a day to day basis. The Trust supports charities with an emphasis on smaller charities with lower income rather than those further established. There continues to be no restriction on the number of members in the Governing Council. These members will be asked to commit 12 months and attend the three Governing Council meetings with prepared and well researched suggestionslideas to present. Our giving remains focused mainly on charities working in the developing world and in those parts of England where Paradigm Norton Financial Planning Ltd staff and former staff reside (London, South West and EastAnglial. Wherever possible grants are made to organisations working in the appropriate field which themselves hold charitable status and therefore have their own accountability procedures. Grants to other organisations. or to overseas non-profit organisations are made only when the Trust has personal contact and is able to verify the correct accountability forthe use of the grant.
Docusign Envelope ID.. D534B494-AF9747B2-8BC&EE39DC75A5DD PARADIGM NORTON TRUST TrusteeslDire¢tors Report For the year ended 31 March 2025 Involvement with the local community The Trustees continue to keep volunteering opportunities emanating from the Trust. The monthly standing order from PNFP continued at £5,000. The Trustees agreed to automatically authorise any charitable sponsorship requests from staff members or immediate family members to the value of £250. Any external requests need to be considered to see if they match the funding criteria of the Trust. If not, the Trustees then to consider whether funds would come from PNFP Sponsorship Fund. Investment policy Under the Memorandum and Articles of Association. the charity has the power to invest in anyway the Trustees wish (after obtaining such advice from a financial expert as the Trustees consider necessary). Reserves policy The Trustees continue to operate a Reserves Policy where the intention is to build up and maintain a reserve to enable us to respond with a lump sum should an urgent or appropriate cause be identified. The reserve amount should be maintained at 508/0 of present income capped at a limit of £30.000. However. the Trustees are comfortable with the fact that there are times over the course of the year when our balance dips below this figure. Regular monthly payments will continue to be made where appropriate to core charities, but such commitments will be reviewed annually. We do recognise the importance of giving advance warningto an organisation should a decision be made to reduce or cease such a regular commitment. Although we remain open to the idea of alerting clients to the activities of the Trust, should theywish to direct some of their charitable giving towards it, this is not established practice.
Docusign Envelope ID.. D534B494-AF9747B2-8BC&EE39DC75A5DD PARADIGM NORTON TRUST TrusteeslDire¢tors Report For the year ended 31 March 2025 AA Charity law requires the Trustees to prepare financial statements for each financial year, which show a true a nd fair view of the state of affairs of the charity. and its f inancial activities for that period. In preparing the financial statements, the trustees are required to: select suitable accounting policies that are reasonable and prudent. make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at anytime the financial position ofthe charityand to enable them to ensurethatthefinancial statements comply with the Charities Act 2011, the Charity {Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. Approved by the Trustees and signed on 28111202617.59 AM GMT Docusigned by.. AFO Chairman
Docusign Envelope ID.. D534B494-AF9747B2-8BC&EE39DC75A5DD PARADIGM NORTON TRUST Independent Examiner's Report For the year ended 31 March 2025 Respective responsibilities of Trustees and examiner 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{21 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibiltyto: examine the accounts under section 145 of the 2011 Act. to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145{5)(bl of the 2011 Act, and to state whether particular matters have come to my attention. Basis of independent examiner's statement My examination was carried out in accordance with 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 also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide alL the evidence that would be required in an audit. and consequently no opinion is given as to whether the accounts present a 'true and fair, view 8nd 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 accounting records and 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. Swjned by.. SM saulL¥s 94CFE14B7AC54E6 A Saunders Bsc {Hons) ACA Chartered Accountant Date: 28111202618.28 AM GMT
Docusign Envelope ID.. D534B494-AF9747B2-8BC&EE39DC75A5DD PARADIGM NORTON TRUST Statement of Financial Activities For the year ended 31 March 2025 Notes 2025 2025 Unrestricted Restricted funds funds 2025 Total funds 2024 Total funds Income from: Donations and legacies Investment income 60.486 318 60.486 318 60.547 292 Total income 60,804 60,804 60,839 Expenditure on: Charitable activities 58,094 58,094 60,550 Total expenditure 58.094 58.094 60.550 net movement in funds for the year 2,710 2,710 289 Reconciliation of funds Total funds brought forward 38.066 38.066 37.777 Total funds carried forward 40,776 £ 40,776 £ 38,066
Docusign Envelope ID.. D534B494-AF9747B2-8BC&EE39DC75A5DD PARADIGM NORTON TRUST Registered number: 5875654 Balance Sheet as at 31 March 2025 Notes 2025 2024 Current assets Cash at bankand in hand 40.776 40,776 38.066 38,066 Total assets less current liabilities 40.776 38.066 Net assets 40.776 38.066 The funds of the charity Restricted income funds Unrestricted income funds 40.776 38.066 Total charity funds 12 40.776 38.066 The directors are satisfied thatthe company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006 . The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 28111202617..59 AM GMT DUsigned by.. B1FA4BDAF08B4AB.. M Goddard Chair of the Trustees on behalf of the Trustees
Docusign Envelope ID.. D534B494-AF9747B2-8BC&EE39DC75A5DD PARADIGM NORTON TRUST Notes to the Accounts For the year ended 31 March 2025 Accounting policies The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the previous year. Basis of accounting The financial statements have been prepared under the historical cost ortransaction value unless otherwise stated in the relevant accounting policy note. The financial statements have been prepared in accordance with Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)- {Charities SORP {FRS 1021, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. the Companies Act 2006 and the Charities Act 2011. The Trust constitutes a public benefit entity as defined by FRS 102. Preparation of the accounts on a going concern basis The Trustees have assessed the financial position ofthe charity atthe balance sheet date and feel there are adequate resources to coverthe immediate future forthe next 12 to 18 months and that on this basis the charity is a going concern. Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of charity. Restricted funds are donations which the donor has specified are to be solely used for a particular charitable purpose. Income Income is recognised when the charity has entitlementto the funds. any performance conditions attached to the items of income have been met, it is probable thatthe income will be received and the amount can be measured reliably. The following specific policies are applied to particular categories of income: Voluntary income is received byway of grants. donations and gifts and is included in full in the statement of f inancial activities when receivable. Interest on funds held on deposit is included when receivable and the 8mount can be me8sured reli8bly bythe charity. this is normally upon notification of the interest paid or payable bythe Bank. All incoming resources are accounted for gross. Resources expended and irrecoverable VAT Expenditure is recognised on an accruals basis once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount ofthe obligation can be measured reliably. Expenditure includes VATwhich cannot be recovered, and is reported as part of the expenditure to which it relates. Charitable expenditure comprises those costs incurred by the charity in its grant-making activities for its benef iciaries. It includes both costs that can be allocated directly to such activities and those of an indirect nature necessaryto supportthem.
Docusign Envelope ID.. D534B494-AF9747B2-8BC&EE39DC75A5DD PARADIGM NORTON TRUST Notes to the Accounts For the year ended 31 March 2025 Governance and support costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the costs linked to the strategic management of the charity. All costs are allocated between the expenditure categories ofthe statement offinancial activities on a basis designed to reflectthe use of the resource. Volunteers and donated services and facilities The Trust benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP IFRS 1021, the economic contribution of general volunteers is not recognised in the accounts. Debtors Short term debtors are measured attransaction price (which is usuallythe invoice pricel. less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined usingthe effective interest method, less any impairment losses for bad and doubtful debts. Cash at bank and in hand Cash at bank and cash in hand includes cash and shortterm highly liquid investments with a short maturity ofthree months or less from the date of acquisition or opening of the deposit or similar account. Creditors Short term creditors are measured at transaction price (which is usually the invoice pricel. Loans and other f in8ncial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Financial instruments The Trust only has f inancial assets and financial liabilities of a kind that qualify as basic f inancial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlementvalue. 2 Legal status of the Trust Paradigm Norton Trust was incorporated in England. The Trust 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 ofthe charity. The members of the company are the Trustees named on page 1. Its registered office is Paradigm House, Macrae Road. Ham Green, Bristol. BS20 ODD. 3 Donations and legacies 2025 2024 Paradigm Norton Financial Planning Ltd Other don8tions linc gift aid) 60.000 486 60,486 60,163 384 60,547 10
Docusign Envelope ID.. D534B494-AF9747B2-8BC&EE39DC75A5DD PARADIGM NORTON TRUST Notes to the Accounts For the year ended 31 March 2025 The income from donations and legacies was £60.48612024: £60,547) of which £60,486 was unrestricted 12024: £60,547) and £Nil restricted12024". £Nill. There was no deferred income for the year (2024: £Nil). 4 Investment income 2025 2024 Money Manager account 318 318 292 292 All of the charity's investment income arises from interest bearing HSBC accounts (deposit and currentl. 5 Analysis of expenditure on charitable activities Grant- making Gover- nance 2025 Total 2024 Total Donations and grants {see note 61 Governance costs (see note 7) Total 58.000 58,000 94 58,094 60,405 145 60,550 94 94 58,000 Expenditure on charitable activities was £58,09412024- £60.550) of which £58.094 was unrestricted 12024- £60.5501 and £Nilwas restricted12024- £Nil). 6 Analysis of expenditure on donations and grants 2025 2024 Able Kidz AIMS IDawlishl Special Needs Group Alzheimers Society Asthma & Lung Brightwell Carers Worldwide CASS & Friends Circus Starr Cure DHDDS Enthuse Footprints Friends of Crockerne School Friends of Shoscombe School Global Returns Project Gympanzees Helping Disabilities KitAid 1,000 1.000 250 250 1,000 1.250 1,000 200 250 200 250 1,500 250 250 250 2,000 750 500
Docusign Envelope ID.. D534B494-AF9747B2-8BC&EE39DC75A5DD PARADIGM NORTON TRUST Notes to the Accounts For the year ended 31 March 2025 Lifeskills Learnings Love Glastonbury Macmillan Cancer Support {Matt Fowler) Me Association Mind Bristol IBig Give} Mothers for Mothers 1,500 600 250 250 1.000 2.500 Murmuration CommunityTherapy Network Counselling and Training (Bristol) Nightgales Our Only World Petals 4.200 2.000 1,500 1.650 200 500 Penny Brohn Perennial Gardener Royal Benevolent Trust Physionet Pill Food Bank PNFP- re various Project Pencil Case Roots RSVP West Simon Says Small Steps Soundabout Spinal Injuries Association The AmberTownson Foundation 300 250 1,000 165 750 1.000 750 1,000 2,000 1,590 250 2,300 250 1,000 1,000 The Harbour The Hive The Lisa Kent Trust 1.500 1,000 Turbo 500 Turning Point Trust Up & Away Young & Free (Bristol) 2,000 1,500 1,000 21.550 27.855 Unrestricted Funds.. Grants to oversea& Friends of ACE[ (ugandal Aid Af rica (Malawil African Children's Fund {Kenyal African Gifted Foundation (Ghana) Arms Around the Child (Ghana, India & South Africa) Asian Student Christian Trust (Philippinesl Bright Sparks School Ilndia} Children of the Dump (Philippinesl Children of the Mekong Icambodial Deki (Togol East Africa Childrens Projecrfuganda) Empowering Kids {Kenyal Frank Water11 ndial Karibuni {Kenyal Hope International IEthiopialBangiadeshl 500 2,000 2,500 1.100 1,500 1.600 3,000 750 2,500 2,000 1.000 2,500 1,700 2,500 1.800 2,500 2,300 2,500 2.500 2.500 12
Docusign Envelope ID.. D534B494-AF9747B2-8BC&EE39DC75A5DD PARADIGM NORTON TRUST Notes to the Accounts For the year ended 31 March 2025 Nightingale Childrens Project {Romanial Northwood African Education Foundation (Gondarl Pipal Tree {Nepall SALVE International iugandal Serendip Children's Home (Sri Lankal Starfish Malawi (Malawil Sustainable Global Gardens {Kenyal Temwa UK (Malawil Third Hope (Uganda) Turbo Ghana IGhanal Under Tree Schools (South Sudan) WaterHarvest {Indial 1,000 1.000 2,500 2,500 1,000 1,500 2,000 1,500 1,500 2,500 2,000 2,500 1.500 1.000 750 2,500 36.450 2,500 32.550 58.000 60,405 Total 58,000 60.405 7 Analysis of governance costs 2025 2024 Companies House confirmation statement ICO Fee Bank charges 34 70 62 145 60 94 8 Trustee remuneration The charity Trustees were not paid or received any other benefits from employment with the Trust in the year12024: £nill neitherwere they reimbursed expenses during the year12024- £nill. No charityTrustee received payment for professional or other seNices supplied to the charity12024- £nill. 9 Staff remuneration and numbers There were no employees ofthe Trust duringthe year {2024: 0). There were no employees who were paid or received any benefit from the Trust duringthe year {2024- £nil). 10 Related party transactions There were no related partytransactions in the yearthat require disclosure12024: £nill. 13
Docusign Envelope ID.. D534B494-AF9747B2-8BC&EE39DC75A5DD PARADIGM NORTON TRUST Notes to the Accounts For the year ended 31 March 2025 11 Taxation As a registered charity, Paradigm Norton Trust is exempt from tax on income and gains under Part 10 of the Income Tax Act 2007 to the extent that these are applied to its charitable objects. No tax charges have arisen in the year {2024- £nil). The charity is registered for GiftAid with HM Revenue & Customs under reference number XT03136. 12 Analysis of charitable funds Analysis of movement in funds At 1 April 2024 At 31 March 2025 Income Expenditure Transfers Unrestricted funds: Generalfunds 38,066 60.804 (58,0941 40,776 Analysis of movement in funds- previous year At 1 April 2023 At 31 March 2024 Income Expenditure Transfers Unrestricted funds: Generalfunds 37.777 60.839 (60,5501 38,066 14