## **NICHOL YOUNG FOUNDATION** ## **TRUSTEES' ACCOUNTS** **FOR** **THE YEAR ENDED 5 NOVEMBER 2025** **THE NICHOL-YOUNG FOUNDATION CHARITIES NUMBER: 259994** ## **TRUSTEES** Mrs. Katharine Jane Saunders and Richard David Saunders ## **GOVERNING DOCUMENT** The Charity was created by a Deed of Trust dated 6 November 1969. ## **TRUSTS OBJECTS** These are contained in Clause 2 of the Deed of Trust dated 6 November 1969 which states that the Trustees have power to apply both capital and/or income for the relief of poverty, the advancement of education, the advancement of religion and such other charitable purposes as may be beneficial to the community as the Trustees in their absolute discretion shall think fit ## **ADDRESS OF CHARITY** PO Box 4757 Windsor SL4 9EE ## **SOLICITORS** There are currently no solicitors appointed to act on behalf of the Trust ## **INVESTMENT ADVISER** CCLA Investment Management Limited, St Alphage House, 2 Fore Street, London, EC2Y 5AQ ## **INVESTMENT POWERS** The Trustees have full discretionary powers over the monies in the Trust "as if they were absolute owners beneficially entitled thereto" ## **SUMMARY OF ACCOUNTS** |TRUSTEE’ ANNUAL REPORT|Page 2-4| |---|---| |BALANCE SHEET|Page 5| |CAPITAL ACCOUNT|Page 6| |INCOME ACCOUNT|Page 7-8| |DONATIONS MADE FOR THE YEAR TO 5.11.2019 – SCHEDULE 1|Page 9| |EXAMINER’S REPORT|Page 10| |TRUSTEE APPROVAL|Page 11| Page 1 THE NICHOL-YOUNG FOUNDATION TRUSTEES' ANNUAL REPORT FOR THE YEAR TO 5 NOVEMBER 2025 1. The Trust was established in 1969 by Mrs Mary Young. Mrs. Young died in 1970 and under her Will the net residuary estate was bequeathed to the Trustees of the Nichol-Young Foundation. 2. The origins of the Trust have, over the years, influenced the way the various Trustees have administered the Trust and dispersed the available income. Miss Amy Nichol lived at Snape and had done so for many years as had before her other relatives. Members of the family (including Amy) are buried in the churchyard of St John the Baptist Snape. Her only principal relative was her sister Mrs. Mary Caroline Young to whom she left her residuary estate. Miss Nichol had been a friend of Benjamin Britten and was interested in music, the arts and the environment. Mrs Young and her husband lived at 41 Alde Lane, Aldeburgh. They were a simple and devout Christian couple with a particular interest in the Christian healing ministry, which Arthur Young led and in their home, was a chapel that was used for services. Mr Young was also keenly interested in the welfare of young people particularly in the Scouting movement. Mr and Mrs Young had no immediate family. Following her husband's death, Mrs Young felt that she would like her husband and her late sister's assets to be used for charitable purposes and this was the genesis of the Nichol-Young Foundation. Following the formation of the Foundation and particularly so in the earlier years, especial preference was given to bodies or individuals whose aims were similar to the interests Miss Nichol and Mr and Mrs Young had in their lifetime, particularly those charities operating in Suffolk. As time elapsed and the disposal income increased the Trustees increasingly took the view that the Trust should look further afield in the way in which income was disbursed and their policy is currently to look at appeal applications on the basis of need rather than be tied to any particular geographical location. A concern of the Trustees has been to assist small organisations and individuals seeking funding who might not be of interest to the large charity grant-making bodies and could therefore be overlooked or side-lined. They have had a social concern to help those who perhaps feel marginalised by society or who wish to improve their life skills so that they in turn can then be of benefit to others. It has been the Trustees' aim to try and form a personal interest and concern for those to whom grants are made and to give, as it were, the charity a "human, caring face". It has equally followed that the Trustees have generally been disinclined to make grants to large charities that are more likely to command the sympathy and support of the large grant-making bodies unless they are targeted at a specific project which aligns with the aims of the Foundation. Where payments are made to individuals the Trustees ensure, where possible, that payments are made to recognised charitable organisations, educational institutions etc. The feedback from such payments has been entirely positive and the Trustees know of no instance where their generosity has been misplaced or abused. It is evident from the number of letters that the Trustees receive from recipients of grants how much their support has been appreciated not only for the financial help given but also for the recognition that someone is interested and concerned for them. Below examples of positive feedback received from organisations and individuals who have received financial assistance from the Trust in this financial year: Nichol Young Feedback from some Grant Recipients Nov 24 to Nov 25 Thanks to the Nichol Young Foundation’s generous support, we’re able to bring two sensory shows _When the World Turn_ and _Great Big Tiny World_ to disabled children with most complex barriers to access, as well as to babies in Great Yarmouth and Ipswich. For most of them, this will be their first experience of live theatre, bringing joy, a sense of belonging, and the much needed connection to those who are otherwise excluded. _**Oily Cart**_ Page 2 ‘We are very grateful to the Nichol Young Foundation for their generous grant, which has directly supported our _Angel Tree_ programme in East Anglia, helping to strengthen family bonds and bring comfort to children separated from a parent in prison this Christmas.’ _**Prison Fellowship**_ I’m so grateful for your help, this makes a massive difference to my studies! - _**Individual Grant**_ Thank you for your generosity towards the _**Lighthouse Attleborough**_ through your support of a grant. We are truly grateful for your support — this funding will make a meaningful difference to the people we work with. I am delighted to hear that the trustees have decided to award me a grant. It is very much appreciated and makes an enormous difference. My MA is going well, and I have started to work on my dissertation about the drainage of The Fens in East Anglia. _**Individual Grant**_ It is such a blessing to have had this sum come in every year and I think you all so much for sticking with us, and for helping more men to access recovery. _**Yeldall Manor**_ Thanks to the generous support of the Nichol Young Foundation, FAYAP’s Amplifier has been able to run weekly music sessions during term time, providing dedicated youth workers and a music tutor to support aspiring young musicians. The grant also helped us stage a youth-led gig, giving local young people the chance to perform, plan, and connect through live music in their own community. _**FAYAP**_ Thank you so much for this - it will make my studies next year so much easier and I am eternally grateful. _**Individual Grant**_ The funding from the Nichol Young Foundation has supported our work with young people in the most deprived ward in the UK, Jaywick. It has meant a group of young people on the Arts Award scheme who have chosen music and art to participate in have benefited from free professional music and singing lessons and art workshops. Arts Awards offer young people accreditation through the scheme as well as UCAS points. The awards encourage peer to peer mentoring, volunteering and supporting each other through group work and review as well as developing a wide range of transferable life skills including teamwork, decision making, communication and literacy. _**London Bus Theatre Company**_ Funding from the Nichol-Young Foundation enabled _**Britten Pears Arts**_ to support people at both ends of the age spectrum, giving young people unique musical opportunities and using it to form social bonds and address symptoms of Parkinson’s and dementia in those in later life. “Our gift from the Nichol Young Foundation has been crucial to keep our services running in a time of increasing challenges for care-experienced young people; over the last 12 months we have supported 2,300+ young people with everything from immediate support in a housing crisis, to securing a job or a place at university, as well as using their voice and experience to improve the care system for those coming through behind them.” _**Become Charity**_ TO BE ADDED 3. The Trustees may decide to make payments to an organisation or individual by instalments, usually over a 3 -5-year period. The proportion of total donations paid in this manner fluctuates from year to year. 4. The total amount dispersed as donations paid during the Year to 5[th] November 2025 is broadly in line with our income. Receipts and the number of donations have remained similar. The Trustees will continue to monitor income distributions carefully so that a "contingency" fund is maintained to finance any exceptional donation requests. 5. Broadly, the donations paid in the year to 5 November 2025 can be analysed in terms of percentages as follows: - ## **Education Children/Youth Community Projects & Miscellaneous** **12.63%** (11.60% in Year to 5.11.2024) **22.37%** (31.00% in Year to 5.11.2024) **65.00%** (57.41% in Year to 5.11.2024) The accounts enclosed show the beneficiaries reached. Thus, the objects of the Charity are being fulfilled, having regard to its governing document. 6. Page 3 7. The total capital of the Trust continues to be held in the form of a holding in COIF units, as managed by CCLA. This holding produces a regular quarterly income stream for the Foundation. Decisions on the release of income to fund donations are made by the Trustees who consider the appeal requests. 8. No alterations were made to the number of the COIF Charities Ethical Investment Fund held in the current financial year. The book value of the total holding of 469310.08 units is £754,413.49. The Trustees continue to monitor the investment held, and receive regular Quarterly reports from CCLA Investment Management Ltd. 9. These financial accounts cover the Year to 5[th] November 2025 Page 4 **NICHOL-YOUNG FOUNDATION BALANCE SHEET AT 5 NOVEMBER 2025** Page 5 **NICHOL-YOUNG FOUNDATION BALANCE SHEET AT 5 NOVEMBER 2025** Page 6 **NICHOL-YOUNG FOUNDATION INCOME ACCOUNT FOR YEAR ENDED 5 November 2025** Page 7 PAYMENTS DONATIONS PAID DURING THE YEAR See Schedule I 37998 INDEPENDENT EXAMINER'S FEES Richardson Jones- the acc¢unts examlnatlon fee for 24125 414 ADMINISTRATION & LEGAL FEES PO box ¢ost Webslte fees Stamps and stationery 424.2 259.2 £39,165.40 BALANCE AS AT 5 NOVEM8ER 2025 Bank of Scotland Treasurers, A¢¢ount No: f))597404 Instant access Interest Atcount No: IIJJ25062 Deposlt account 30day notlce 4628.77 6101.73 209￿.88 £70.811.78 PaJe 8 CoknWi£k t4 796.(Kl B•com•Ch*rty TP•G¥•pPkns Icoj Wfftds0rB¥i￿t CIK¥ch-IrtNN wopci &iti•nP•ars thti Y•bJ4 Dxhy Th• M•rrylkn• lsi¢r*SJk& Th+L t24 700.(KI T* L41t Y•* E¢kn t4.rnTr] ￿.6>/. 18.5C(I.0) 223P/. c24.M (KJ 65 Cty. t37.998.00 31c(r/. 57 4r/. Page 9 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE NICHOL-YOUNG FOUNDATION** I report to the charity trustees on my examination of the accounts of the charity for the year ended 5 November 2025 which are set out on pages 1 to 9. ## **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 examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. 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. 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 concerns 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. David Porter FCCA, ACA Richardson Jones Chartered Accountants Mercury House 19-21 Chapel Street Marlow SL7 3HN Date: 29/07/2026 Page 10 **WE, KATHARINE JANE SAUNDERS AND RICHARD DAVID SAUNDERS, AS TRUSTEES OF THE NICHOL-YOUNG FOUNDATION, HEREBY APPROVE THESE ACCOUNTS FOR THE YEAR TO THE 5TH NOVEMBER 2025.** **Signed** **Signed** Page 11