The Unknown Donors, Charities
Report and Financial Statements
For the year-ended 29 February 2024
Registered Charity no: 254840

The Unknown Donors, Charities
Year-ended 29 February 2024
Contents
Page
Legal and administrative information
Report of the Trustees
Report of the Independent Examiner
Statement of Financial Activities
Balance Sheet
Notes forming part of the financial statements
9-11

The Unknown Donors, Charities
Year-ended 29 February 2024
Legal and administrative Informatlon
Registared Charity name: The Unknown Donors, Charities
Registered Charity number: 254840
Trustees:
Rowena Atkinson
Julia Fane De Salis (until 7 October 2024)
Dr Carole Hill (Chair)
Rev Alaric Lewis
Peter Scott (until 7 October 2024)
David Walker
Princlpal office..
23 Carnoustie
NO￿l¢h
NR4 6AY
Independent Examiners..
Sexty & Co
124 Thorpe Road
Nowich
NR1 1RS
Solicitors:
Cozens-Hardy LLP
Castle Chambers
Opie Street
Nomich
NR1 3DP

The Unknown Donors, Charities
Year-ended 29 February 2024
Report of th• Trustees
The Trustees have pleasure in presenting their Report and the financial statemenls of
the Charity for the year*nded 29 February 2024.
Objectives and activities
The Scheme of the Charity dated 9 October 1959 states that 'the incom8 of th8 Charity
be applied for the benefit of..
1. the Vicar of the Ecclesiastical Parish of St Giles with St Benedict
2. the maintenance and upkeep of the Parish Church of St Giles in the City of
NO￿lch and the upkeep of the Ghu￿hyard thereof
3. the poor of the City and County Borough of Nonvich. (For details se8 clauses 26-
29 inclusive of the Scheme of the 9 October 1959 as amended by the scheme of
the 19 October 1961.),
This is the purpose of the Charty.
The income referred to is principally derived from rent, net of costs, received from the
leasing of shops, residential flats and an Offi￿ provided in the Charity's endowed
freehold property at 90-94 St Benedicts Street, Norwich. Another minor amount of
income arises from the small endowment which is in now the form of 517 units of COIF
Investment Funds {presumed to be the successor to the £1,420 11s 4d 3.5 % War
Stock, cited in the Schedule to the Scheme)-
The Trustees, principal activity is, therefore, to manage 90-94 St Benedicts Street,
Norwich in the best interests of the Charity and its beneficiaries. This involves
ensuring that..
the property is kept in good repair
the tems of the leases are legal and fair and in the best interests of the Charity
the leases are managed effectively and efficiently.
The Trustees consider that the Charity has a very long-term time horizon but will not
necessarily exist in perpetuity. This implies that the real value of the endowed assets
should, as far as possible, be maintained over time.
Over time, the mechanisms have changed by which the Charity's net income is
distributed in thirds to the three beneficiaries set out above. The third which supports
the Vicar is now paid to the Board of Finance of the Norwich Diocese- the third relating
to Church of St Giles-on-the-Hill is paid to the Parochial Church Council., and the third
for the benefit of the poor is paid to Norwich Consolidated Charities, the area of benefit
of which is the City of Norwich. This Charity makes grants to people 'in financial
need,, providing, essential items for the home, such as cookers, beds and washing
machines, among other grants.
The Trustees have regard to the guidance issued by the Charity Commission on public
benefit. The Trustees are satisfied that the three beneficiaries all use their shares of
income from the Charity in accordance with their own charitable purposes.

The Unknown Donors, Charities
Yearryended 29 February 2024
Report of the Trustees - continued
Achievements and performance
2023124 was an uneventful and stable year for the Charity. With regards to tenancies,
all the flats and commercial units were let throughout the year, With the exception of
one tenant, all rents were received on time. At the end of the year, £3,750 was
outstanding. However, all rent due was received from this tenant in the following
quarter. Trustees would like to express their thanks to all their tenants for their timely
payments.
The outstanding debt at the time of the liquidation of the former corporate tenant of the
offi￿, totsling £4,708.66 and dating from 2022, was written-off in Quarter 3 after
considering correspondence with the Receiver.
Apart from the replacement of one storage heater and the annual servicing of the fire
alarm system, there were no significant maintenance expenditures during the year.
No payments to the Charity's three beneficiaries were made during the year as in the
previous year. This was attributable to the Trustees, decision to increase their
'reserves' in view of their intention to carry out a strategic review of the Charity's
endowed property which is likely to involve the appointment of professional
consultants. However, payments were rnade in April 2024 -see below.
Financial review
At the year-end, current assets had increased to £77,869, (2023.. £28,702). This sum
was significantly reduced after the year*nd by payments to the three designated
beneficiaries made in April 2024, totalling £67,500. Current liabilrties increased
slightly during the year to £3,220, (2023.. £3,025).
The Balance Sheet shows Restricted Funds increased to £72,361 (2023.. £23,671).
Total Funds increased to £585,127 (2023.. £535,285).
Total reserves are shown in the table below.
At the year-end the reserves were as follows 2024
2023
Total funds
585.127
535,285
Future plans and going concern
Trustees plan to continue to manage the premises at 90-94 St Benedicts Street with a
full complement of tenants. The major risk last year was the extraordinary level of
inflation that impacted adversely on personal disposable inGome in 2023124 and led to
minimal economic growth. This is starting to ease but its effects will be felt for some
years to come. The cost of unforeseen urgenl repairs to the premises is also a risk.
Trustees will monitor the position carefully and take any appropriate action.
Trustees have agreed to embark on a study to identify their preferred long-term
investment strategy. They hope to make progress with this objective in 2024125.

The Unknown Donors, Charities
Year4nded 29 February 2024
Report of the Trustees- continued
In the Trustees, opinion, the Charity is in a strong position to remain a going concern,
(see Note le).
Structure, governance and management
The Charity is an unincorporated body registered with the Charity Commission, with the
registration number 254840.
There are eight Trustees..
one ex officio Trustee: the Vicar of St Giles-on-the-Hill
Iwo Nominative Trustees serving 4-year terms.. one nominated by the PCC of St
Giles-on-the-Hill and one by the Trustees of Norwich Consolidated Charities
five Co-optative Trustees, serving 5-year tems
The Chair and Secretary induct new Trustees.
The policy of the Trustees to use an Accountant in practice to act as Independent
Examiner of the accounts continues to prove successful.
Reference and administrative details
The reference and administrative details of the Charrty, including the list of Trustees, are
shown on page 1.
Trustees, responsibilities
The Trustees are responsible for preparing the Trustees, Annual Report and the
financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare
financial statements for each financial year which give a true and fair view of the state
of affairs of the charity and of the incoming resources and application of resources of
the Charity for that period. In preparing these financial statements, the Trustees are
required to:
select SUFtable accounting policies and then apply them consistently-,
observe the methods and principles in the Charities SORP 2015 (FRS 102),.
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to
any material departures disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charity and enable them
to ensure that the financial statements comply with the Charities Act 2011 and the
Charities (Accounts and Reports) Regulations 2008. 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.

The Unknown Donors, Charities
Yearvended 29 February 2024
Report of the Tru¥tees - continued
This report and the financial statements were approved by the Trustees on
16 December 2024 and were signed on their behalf by
David J Walker, Trustee & Secretary

The Unknown Donors, Charities
Year*nded 29 February 2024
Independent Examiner's Report to the Trustees
I report to the Charity Trustees on my examination of the accounts of the Charity for the
year-ended 29 February 2024 which are set out on pages 7 to 11.
Responslbilities and basis of report
As the Charity's Trustees, you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the Charity's accounts carried out under section
145 of the Act and in carrying out my examination I have followed all the applicable
Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confim that no material matters have come to my
attention in connection with the examination giving me cause to believe that in any
material respect..
accounting records were not kept in respect of the Charity as required by section
130 of the Act.. or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the fomi
and content of accounts set out in the Charities (Accounts and Reports) Regulations
2008 other than any requirement that the accounts give a 'true and fair view, which
is not a matter considered as part of an independent examination.
I have no COn￿mS and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a proper
understanding of the accounts to be reached.
l A Barlow FCCA
Sexty & Co
Chartered Certified Accountants
and Registered Auditors
124 Thorpe Road
Norwich
NR11RS

The Unknown Donors, Charltles
Y•ar-end•d 29 February 2024
Statsment of Financial Activities
Unrestricted Restricted Endowment
Funds
Funds
Funds
Total
2024
Total
2023
Note
Incoming
resources
Investments
282
67.199
870
68,351
50,600
Total incomlng
resources
282
67,199
870
68,351
50,600
Resources
expended
Raising funds
Other
17,208
1.301
17,208
1,301
22,458
1,275
Totsl resources
expended
18,509
18,509
23,733
Net movement in
fund$
282
48,690
870
49,842
26,867
Fund balances
brought foNard
2,OOS
23,671
509,608 535,285 508,418
Fund balances
carried forward
2.288
72,361
510,478 585,127 535,285

The Unknown Donors, Charities
Yaar-ended 29 February 2024
Balance Sheet
Unrestrictod Restricted Endowment
Funds
Funds
Funds
Total
2024
Total
2023
Note
Fixed assets
Investments
510,478 510,478 509,608
Total fixed assets
510,478 510,478 509,608
Current assets
Cash at bank and in
hand
Debtors
2,288
66,245
68,533
20,235
9,336
9,336
8,467
Total ¢urrent assets
2,288
75,581
77,869
28,702
Current liabilities
Creditors: amounts
falling due within one
year
Current assets le$$
Current liabilitles
3,220
3,220
3,025
2,288
72,361
74,649
25,677
Total net assets or
liabilities
2,288
72,361
510,478 S85 127 535,285
Funds of the charity
Endowment funds
Restricted income
funds
Unre5trided funds
510,478 509,608
72,361
23,671
2,288
2,006
Total funds
585,127 535,285
The financial statements on pages 7 to 11 were approved by the Trustees on
16 December 2024 and signed on their behalf by..
David J Walker- Trustee

The Unknown Donors. Charities
Yearkn•nd•d 29 F•bruary 2024
Notss fomiing part of the financial ststements
1 Accounling policles
(a} Basis of preparation
The Charity constitutes a public benefit entity as defined by FRS 102. These
accounts have been prepared under the historical cost convention with items
recognised at cost or transaction value unless otherwise stated in the relevant
notes to these accounts. The financial statements have been prepared in
accordance with Accounting and Reporting by Charities-. Statement of
Recommended Practi￿ applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland issued in October 2019, the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS 102), the
Charities Act 2011 and UK Generally Accepted Accounting Practice.
(b) Fund accounllng
General funds are unrestricted funds which are available for use at the discretion
of the Trustees in furtherance of the general objectives of the Charty and which
have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the
Trustees for particular purposes.
Restricted funds are funds which are to be used in accordance with specific
restrictions imposed by donors or which have been raised by the Charity for
particular purposes. The costs of raising and administering such funds are
charged against the specific fund.
(c) Incoming resources
All incoming resources are included in the statement of financial activities on an
accruals basis.
(d) Resources expended
All expenditure is accounted for on an accruals basis and has been classified
under headings that aggregate all costs related to the category. Where costs
cannot be directly attributed to particular headings they have been allocated to
activities on a basis consistent with use of the resources.
(e) Golng concern
The financial statements have been prepared on a going concern basis as the
Trustees believe that no material uncertainties exist. The Trustees have
considered the level of funds held and the expected level of income and
expenditure for 12 months from authorising these financial statements. The
budgeted income and expenditure is sufficient with the level of reserves for the
Charity to be able to continue as a going concern.

The Unknown Donors, Charities
Year-ended 29 February 2024
Notes fomiing part of the flnanelal statements
2 Income from investments
2024
2023
Dividends from 517 COIF investment units
Rent from 90 - 94 St Benedicts Strèet
Listed investments
282
67,199
870
282
50,543
225
68,351
50,600
3 Expenditure on raising funds
2024
2023
Legal fees
Brown & Co management fees
Building & rent insurance premium
Energy
Water
Council Tax on voids
Repairs to propetties
960
8,872
1,080
960
8,621
715
334
646
1,845
9,337
1,143
{706)
5,859
17,208
22,458
Other •xpenditure
2024
2023
Donations to beneficiaries
Independent Examination fee
1,301
1,275
1.301
1,275
Trustees, remuneration
The Trustees have neither received nor waived any emoluments or expenses
during the current or previous year.
Current asset Investments
2024
2023
Listed investments
Investment properties
10,478
9,608
500,000 500,000
510,478 509,608
10

Debtors and prepayments
2024
2023
Deblors
Prepayments and accrued income
9,213
123
8.378
89
8,467
Creditors and accruals
2024
2023
Cr8ditors - falling due Wlthin on8 year
Accruals and deferred income
3,220
3,025
3,220
3,025
Restricted funds purpose
The purpose of the restricted funds is for the management and maintenance of
the rental flats, shops and office which the Charity owns and for the payment of
the three beneficiaries specified in the Scheme of the Charity.
10 Related party transactions and donated facilities
Such costs have not been included in the financial statements as their value cannot
be quantified.
11 Ultimate controlling party
The Charity is controlled by the Board of Trustees.