The Unknown Donors, Charities Report and Financial Statements For the year-ended 28 February 2025 Registered Charity no." 254840
The Unknown Donors, Charities Year-ended 28 February 2025 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*nded 28 February 2025 Legal and administrative information Registered Charity name: The Unknown Donors, Charities Registered Charity number: 254840 Trustees: Rowena Atkinson Julia Fane De Salis (resigned on 7 October 2024) Dr Carole Hill (Chair) Rev Alaric Lewis Peter Scott (until 7 October 20241 David Walker Principal office= 23 Carnoustie NOlCh NR4 6AY Independent Examinors". Sexty & Co 124 Thorpe Road Norwich NR1 1RS Solicitors: Cozens-Hardy LLP Castle Chambers Opie Street Norwich NR13DP
The Unknown Donors. Charities Year*nded 28 February 2025 Report of the Trustees The Trustees have pleasure in presenting their Report and the financial statements of the Charity for the year-ended 28 February 2025. Objectives and activities The Scheme of the Charity dated 9 October 1959 states that 'the income of the Charity be applied for the benefil of.. i. 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 NOlCh and the upkeep of the churchyard thereof 3. the poor of the City and County Borough of Norwich. (For details see 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 Charity. The income referred to is principally derived from rent, net of costs, received from the leasing of shops, residential flats and an office provided in the Charity's endowed freehold property at 90-94 St Benedicts Street, Notwich. 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 11 s 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 terms of the leases are legal and fair and in the best interests of the Charity the leases are managed effectively and efficienlly. 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 lime, 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 Finan 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 Year-endad 28 February 2025 Report of the Trustees - continued Achievements and performance Throughout the year, all the properties were let with the exception of the office to the rear of the premises, Towards the end of the year a new tenant took up the lease to this unit. It had been relinquished by the previous tenant whose change in trading arrangements made the continuation of the lease redundant. At the year-end, the tenant was still progressively paying off the outstanding rent. In total, rent of £8,747 was outstanding although this had reduced to approximately £2,700 by the end of the first quarter of 2025126. Otherwise, in a difficult economic environment, most rents were received on time. The principal areas of expenditure were the cost of repairs and mainlenance and the management fees payable to the property's managing agent, (Note 3). Repair costs increased to £14,536 (2024.. £5,859) about half of which was for a roof repair. Management fees increased to £11,568 (2024.. £8,872) due entirely to the cost of finding and inducting the new tenant for the office unit. In 2023124, no payments had been made to the three beneficiaries specified in the Scheme, for the reasons set out in last year's Report. In 2024125, however, payments were made to them in equal shares, totalling £67,500, (Note 4). In addition, cash at the bank at the year-end was £50,129, (Balanced Sheet). Financial review At the year-end, current assets had reduced to £51,940, (2024: £77.869). Current liabililies increased to £3,390, (2024.. £3,220). The Balan Sheet shows Restricted Funds reduced to £45,975 (2024.. £72,361). Total reserves consequently reduced are shown below: At the year-end the reserves were as follows 2025 2024 Total funds 559,169 585,127 Future plans and going concem Trustees plan to continue to manage the premises at 90-94 St Benedicts Street with a full complement of tenants. There are two principal risks to the financial position of the Charity- inflation and Maintenan costs. Recent levels of inflation impact adversely on personal disposable income and are likely to lead to limited economic growth. 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 stralegy. The initial step of commissioning measured drawings of the building, the first ever produced. No further progress was made with the overall objective in the last year. However, Trustees have given initial consideration, with
The Unknown Donors, Charities Yearonded 28 February 2025 Report of the Trustees - continued informal professional advice, to the possible options for a future configuration of the premises as a precursor to preparing a brief for the appointment of an architect. In the Trustees, opinion, the Charity is in a strong position to remain a going concern, (see Note te). Structurey governance and management The Charity is an unincorporated body registered with the Charity Commission, with the registration number 254840. The Scheme of the Charity provides for a complement of eight Trustees: one ex officio Trustee.. the Vicar of St Giles-on-the-Hill two Nominative Trustees serving 4-year terms: one nominated by the PCC of St Giles-on-the-Hill and one by the Trustees of Nomich 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 Charity, including the list ofTrustees, 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 suitable 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 Unknown Donors, Charities Year-ended 28 February 2025 Report of the Trustees- continued 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. This report and the financial statements were approved by the Trustees on 20 November 2025 and were signed on their behalf by Dr Carole Hill, Chairman of Trustees
The Unknown Donors, Charities Year-ended 28 February 2025 Independent Examiner's Report lo the Trustees I report to the Charity Trustees on my examination of the accounts of the Charity for the year-ended 28 February 2025 which are set out on pages 7 to 11. Responsibilities and basis of report As the Charity's Trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examinerfs statemenl I have completed my examination. I confim that no material mallers have come to my attention in connection with the examination giving me cause to believe that in any material respecl= 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 wilh those records. or 3. the accounts do not comply with the applicable requirements concerning the form 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 concems 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 Barfow FCCA Sexty & Co Chartered Certified Accountants and Registered Auditors 124 Thorpe Road Norwich NR1 1RS Date: 20 November 2025
The Unknown Donors, Charitias Year-ended 28 February 2025 Statement of Financial Activities Unrestricted Restrictèd Endowment Funds Funds Funds Total 2025 Total 2024 Note Incoming resources Inveslments 287 70,554 141 70,932 68,351 Totsl incoming resources 287 70,554 141 70,982 68,351 Resources expended Raising funds Other 28,128 68,812 28,128 68,812 17,208 1,301 Total resources expended 96,940 96,940 Net movement In funds 287 (26,386) 141 (25,958) 49,842 Fund balances brought forward 2,28B 72,361 510,478 585,127 535,285 Fund balances carried forward 2,575 45.975 510,619 559,169 585,127
The Unknown Donors, Charities Year*nded 28 February 2025 Balance Sheet Unrestrlctod Restrlcted Endowment Total Funds Funds Funds 2025 Total 2024 Note Fixed assets Investments 510,619 510,619 510,478 Total fixed assets 510,619 $10,619 510,478 Current assets Cash at bank and in hand Debtors 50,129 50,129 68,533 1,811 1,811 9,336 Total current assets 51,940 51,940 77,869 Current liabilities Creditors.. amounts falling due within one year Current assets less current liabilities 3,390 3,390 3,220 48,550 48,550 74,649 Total net assets or liabilities 510619 5S9 169 585 127 Funds of the charity Endowment funds Restricted incomè funds Unrestricted funds 510,619 510,478 45,975 72,361 2,575 2,288 Total funds 559,169 585,127 The financial statements on pages 7 to 11 were approved by the Trustees on 20 November 2025 and signed on their behalf by: David J Walker- Trustee
The Unknown Donors, Charities Year-ended 28 February 2025 Notes forming part of the financial ststements 1 Accounting policies (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 Practice 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 accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Designated funds 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) Going concem The financial statements have been prepared on a going contsrn 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 concem.
The Unknown Donors, Charities Yearénded 28 February 2025 Notes forming part of thé financlal statements 2 Income from investments 2025 2024 Dividends from 517 COIF investment units Rent from 90- 94 St Benedicts Street Listed investments 287 70,554 141 282 67,199 870 68,351 3 Expenditure on raising funds 2025 2024 Legal fees Brown & Co management fees Building & rent insurance premium Energy Water Council Tax on voids Repairs to properties 960 8,872 1,080 11,568 1,384 405 235 14,536 1,143 {706) 5,859 28,128 17,208 Other expenditure 2025 2024 Independent examination fee Donations to beneficiaries 1,312 67,500 1,301 1,301 Trustees. remuneration The Trustees have neither received nor waived any emoluments or expenses during the current or previous year. Current asset investments 2025 2024 Listed investments Investment properties 10,619 10,478 500,000 500,000 510,619 510 478 10
The Unknown Donors, Charltles Year-ended 28 February 2025 Notes formlng part of the flnancial statements 7 Debtors and prepayments 2025 2024 Debtors Prepayments and accrued income 1,682 129 9,213 123 Creditors and accruals 2025 2024 Creditors - falling due within one year Accruals and deferred income 3,390 3,220 3,390 3,220 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. 11