THE YN REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 DECEMBER 2023 Registered Charlty No 260078
THE EVELYN NORRIS TRUST CONTENT Legal Adrnini5trative Information Report of the Trustees Independent Ex8rnine¢s Report statement of Financial Activities B8larKe Sheet Notes forming part ol the Financial Statements 7-13
THE EVELY S TRUST LEGAL AND ADMINI TRAT E INFORMATION REGISTERED CHARITY NUMBER 260078 HON LIFE PRESIDENT Dame Judi Deh CURRENT TRUSTEES Nigel Jones (Honorary Chaimanl Bryn Evans (Resigned 20 November 20221 Lord Cashman of Limehouse Nigel Gooch Caryl Griffith Dawn Hope Adam Knight Linden Walcott-Burton Barbara Whatley ADMINISTRATOR K8elhe Chemey REGISTERED ADDRESS Plouviez House 19-20 Hatton Pla London EC1N 8RU INDEPENDENT EXAMINER Chawvan Williams FCCA Verdant Accountants 20-22 Wenlock Road London N1 7GU.. INVESTMENT ADVISERS Ch8rle5 Stanley and Co Ltd 55 Bishopsgatè London EC2N 3AS BANKERS HSBC Bank p PO Box 1EZ 196 Oxl(¥d Street Lotyjon W10 1NT
EVELYN NORRI TRUST REPORT OF THE T EES FOR THE YEAR ENDED 31 DECEMBER 2023 The Iruslees present tr8ir report together wlh the financial stat&men18 01 the trust lor the year ended 31 December 2023. The financial statements have been prepare(J in accordance wth the accountillg policie5 set out in note 110 the nancial statements and comply wth the tru51 deed, applicabl& law and the requirements of Charities SORP Acctyjntlng 8nd Reporting by Charities.. Statement ol Re¢ommended PActsce applicable to chaiitie5 prepaiing their accounts in accordance with the Financi81 Reporting Standar¢J for applicable in the UK and Republic of Ireland IFRS 1021 IChariti8s SORP IFRS 102118nd the Charity"es Act 2011. IVE ANDA ES Th& incorne of the trust is aptAied lor the wrpo8e of distributing monies for tre rest. recovery, recreation and holiday of tnemters ol the con¢ert and theatrical profe53ions as the trustees sh1 think fit. The trustees have had regard lo the Chadty ComTni8sioners' guidan on public benefft. They consider that welfare payments made to benefiaaries of the fund fulfil the public beneffl requirement. The trustees receive monthly briefings and consideT what grants to make. The trustees have rnany contacts in th& United Kingdom and use knovledge gained lo support the work ollhe charity aNJ ensure inforrned grant making. The trustees deade to make grants after rec8ipI and assessment of a forrnal application, ind1eAling a need for funds. The trustees appreciate feedback on the effect of the grants given and the achievements made. These comments are used to rnonilor the qualty of the grants made. The trustees intend lo continue providing grants in a sirnilar way and lo reEy on both th6r own endeavour$ and those with whom they have a wothing relationship to carry out the obiects of the trust. RUCTURE ANCE AND MANAGEMENT The trust was established by deed on 11 Seplernber 1968 and is sublect to a variation approved by the Charty Cornmissioners on 13 November 1986. The trust is based in the Unitèd Kingdorn at the wislered office shown on pagè 1. Thts power to appolnt any new trustee is vested in the existing trust8es whose names are set out on page 1. The trustees conduct a iisk a5ses5ment annually to ieview the major risks f8¢ed by the trust. The trustees are aware of the risks associated wrth making repeated grants lo beneficiaries. Pr(Kedures have bèen instituted lo du ii5k in this area. HIEVEMENTS FORMAN 6812021.. 281 individual 9r8nts and Nvo12021." two) institutional donalkjns were made by the trust during 2022. FINANCIAL REVIEW The funds ol tha charty have dece by £191,085 12021" increased by £223.4571 arising frorn losse5 on investments during the yeai. An analygs ol the assets held by the fund, the majority of which consists ol an investmenl porttolio. Is set out in not& 8 to the accounts. Regular investment review meetings are hdd 1th the investment 81fvisers.
THE EVELYN NORRIS TRUST REPORT OF THE TRUSTEES FOR THE YEAR NOEO 31 DECEM8ER 2023 STATEMENT OF TRUSTEES. RESPONSIBILITIES IN RELATION TQ THE FINANCIA STATEME The charity's Iruslees are resFR)nsiUe for preparing the annual report and financial 51alemenls in a¢cordan¢e wlh applicable law and United Kinqdom Generally A¢cepled Accounling Pr8cliee. Ch8rily law reouire5 the Iruslees lo prepare financial slatemenls for each financial year Ihal give a true and fair view of the slale of affairs of Ihe charity al the end of the finaneial year and of Ihe ineoming resources and resources expendèd during the Iinancial year. In doing 50 Ihe truslees are quired to.. Selecl suitable accounling policies and apply Ihem eonsislenlly.. Observe Ihe rrÈlhods an¢J principle5 in the Charilies SORP.. Make judgements and e$limate$ thai a asOnable 8nd prudent.. Slate whether applicable UK aecounling standards have been followed. subject lo any fflateal depa[lu$ d15do5ed and explained in the financial slalemenls.. and Prepare the fin8ncial s181emenls on the going ¢onceffl ba515 vnle55 11 is inappropriale lo presume 11181 Ihe charity continu8 lo operate. The Iruslees are alsD responsible for fflainlaining proper accounting iecords wthich disclose reasonable accura al any Iitne Ihe finanoal posilion of the charily and lo enable them lo ensure Ihai Ihe financial SlatemeI9 comply Milh relevanl legi51alion. Tho Iruslees are 81so sponsible for safeguarding the ass?Is ol the charity and hence for tang reasonat>le steps for the prevenlion and detection of fravd and Other itgUlalieS. The trustees conf1rrn thai 50 far as they are aware, ther8 is no relevanl infomialion of which Ihe Cha11$ independent examiner is unaware. They have laken all Ihe steps that Ihey should have taken 85 Iruslees in orderlo rnake Ihemselves aware of any relevanl informalion and lo establish Ihal the charily's independeni examiner 15 aware of Ihal informa1ion. Approved the IriJ51ees and signed on their behalf by.. 8 April 2024
THE EVELYN NORRIS TRUST INDEPEND XAMINER'S REPORT TO THE TRUSTEES OF THE EVELYN NORRIS TRUST I report on the financid statements ol the trLBt for the year ended 31 Dacember 2023 which are set out on p&Je8 5 to 13. CTWE RESPONSIBILITIES OF TRUSTEES AND EXAMINER As described on page 3 the InJs15 are reSpSIble for the preparation of the financial statements. You congder that an audit is not required for this year under secbon 144121 of the Charities Act 2011 Ilhe 2011 Act) and that an in1pendent examination is needètj. It is my responsibilty lo.. examine the aCCnts under sects'on 145 of the 2011 Act, to follow the procedures laid down in General Directions g.ven by the Charity Cornmisslon (under section 14515llbl ol the 2011 Act). 8nd to slate whether particular matter5 hwe come to my attention. OF INDEPEND ER'S REPORT My exarninalion was carried out in ar£ordance with the General Directions given by the Charity Gommissioners. examination indudes 8 review of the accounts.ng records kept by the charity and 8 Comparon ol the financial statements piesenled wilh those records. 11 also includes considaration ol any unusual items or disc105ures in the financial statements and seeking explanations from you as trustees conceming any suth rnatter5 The proceduiE5 undertaken do not provide 811 the eviden that Wld be required in an audit and ConsUeNtIY no opinion is gen a$ lo whether the financial statements present a 'true and falf view. The report is ma¢Ye solely to the trustees and is limited to those matte15 set out in the statement below. To the fullest extent pemitted by law I do not accept or assume rgsponsibility lo any one othei than the trustee5 lor my wvrk, for Ihls report or for the opinions I have forrned. IND EXAMINER'S STATEM In ConnedOn %%ith ffly examinats.on Th) m8tter has corne to my attenfjon.. which g'ves me reasonable cause to believe that in any material respect thè roquIentS to keep accounting records in aco)rdance wth sectlon 130 olthe chare$ Act 2011". and to prepare financial statement5 which accord wilh the accounting records and to comply with the accounting requliernents ol the Charities Act 2011 have not been met,. or to which, in my opinion, attention should be drawn in order to enatr4e a proper uThJerstsnding ol the financial stalemerts to be reached. Chaweevan Imlliams FCCA Verdant Accountants 20-22 Wenk)ck Road London N17GU. 21 October 2024
THE EVELYN NORRIS TRU STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 nreslricted Fund5 Fund 2023 22 IPKOME AND ENDO¥MIENTS FROM". Donations and legaaes 10,031 10.031 48.905 Investsnerts 33.658 13,T17 47,435 34.071 TOTAL 33,658 23,808 57,4e6 82,976 EXPENDIT RE RAISING FUNDS Investment managevs fee% 8,457 3,462 11,919 8,296 CHARITABLE ACTIVITIES Grants and donalior 78.080 78,080 65,770 OTHER 3.182 3,162 2.752 8.457 84,724 93,181 76.818 NET EXPENDITURE INC(ME 25,201 160.9151 (35.7141 6,158 NSFER BETWEEN FUND 133.6581 33.658 18.4571 127.2571 (35,7141 6.158 OTHER RECOGNI LOSSES GAINS ED ILosseslGains M in¥tment assets 55.899 22,880 78,779 1197.2431 EM 47,442 14.3771 43,065 1191.0851 RE Toiol furKJs brought foward 757,239 309.946 1.067,185 1,258,270 TOTAL FUNDS CARRIED 804.681 305.569 1.110.250 1,067,185 The note5 on page5 7 to 13 form part ofthe arLouTrts.
BALANCE SHEET A AT 31 DECEMBER 2023 Notès 2023 2022 FIXED ASSETS INVESTMENTS 1,091,627 977,809 CURRENT ASSETS Debtors 3,744 17,265 Cash at bank and in hand 16,808 75.883 TOTAL CURRENT ASSETS 20,552 93,148 LIABILITIES CREDITORS.. AMOUNTS FALLING DUEWITHIN ONE YEAR Grants cornmitted 2,650 A¢¢rued expenses 1.¥29 1,122 1.929 3,772 NET CURRENT ASSE 18,623 89,376 TOTAL NET ASSETS 1,110,250 1,067,185 THE FUNDS OF THE CHARITY Endowment nd 804.681 757,239 Unr8slri¢ted fund 305.569 309,946 TOTAL CHARITY F 1,110.250 1,067.185 Approvèd by the Board of Trustees and sBJned on their behalf by.. Trustee Date 8 April 2024 The notes on pages 7 10 13 forrn part ofthe aCunts
THE EVELYN NORRI NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 1 DECEMBER 2023 PRINCIPAL ACCOUNTING POLICIES Ac£ountin Conventk The finanaal statements have been prepared under histor1 cost convention as modffi&l by the valuats.on of investments at rnarket value and in accordance wrth the requirements of the Charibes SORP Aolwnting and Reporbng by Charities". Statement ol Recommended Practice applicable to charities preparing their accounts in accordance VAth the Finanrial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 ICharilie$ SORP IFRS 10211 and the Chaiities Act 2011. The prfnopal accounting policjes adopted in the preparation ol the financial statomen15 are as follows.. - Income and Endowmen Incorne is recognised in the period in which the chaity 15 entitled lo receipl and the amount can be maasured with reasonable certainty. In the case of fixed interest investnents, inteiesl is accrued based on the number of days outstanding. All expenditure is accounted for on an ac(yua15 basis. Governance costs rewesenl costs incurred attributable to the managerngnl of the charity's assets, org8ni$alion. administration and coMlance wth the constitutional arKI stslulory requirernents. nd Accountin Funds held by the charity comprise an endowrnent lund income from which, subject to the value of the endowment fvnd not falling below its established value of £333.616, is transferred to an unreslricled fund and can be used in accordance with the ch8ritatAe objects at the discrètion ¢f the trustees. DONATI ARTIES The charity is a member of the Combined Theatrttsl Charities. Appeals Council. a registered ¢harilable organisation. One trustee repsents the charity at rneetings ol the Coun¢il During the year the charity received £10,00012022". £15.0001 from the CnCil as a shar? of donations collected in an appeal know as'AclSng for Others,. 2022 INVEST Investment ineA)m& fr(xn quoted investrnents 47.435 34.071 47,435 34.071
N NORRI TO THE ACCO NTS FOR THE YEAR EN 31 DECEMBER 2023 2023 GRANTS AND DONATIONS Gr8nl8 to individuals 77,080 61,270 Grants tr) rosidential homes Brinsworth House 2,250 Denville Hal 1.OCKJ 2,250 78.080 65,770 OTHER Trustees, expenses se¢ratar8, honoraria 1,125 1.000 Information Commission*s Offi 35 35 A¢¢ount8n¢y 1,500 1.120 Independenl examinatiL 395 395 Bank tharges 55 80 Aifvertising and Postage offi expefi5e5 142 72 3.182 2.752 No Iru8tee12022.' 11 reIVed reimbursement ol expense5. One truste6 provides accA)untancy servlce$ to the trust in tha nomial course of his Siness.
THE EVELYN NORRIS TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Markèt valu8 Cost INsTMENTs- ENDOWENTFUND E uities 279 Astra Z&n¢¢a 29,589 8,863 35.099 13,519 19,957 11.194 7.595 29.607 17,183 7,825 16.675 29,233 19.347 18,311 6,656 24,555 18,430 15,720 16,566 9,998 21,077 19,571 7,537 8,738 13,706 15,800 21,383 16,248 41,108 7,614 526,702 7.996 7.795 8,647 15,794 18,120 10,931 16,097 1,201 6,613 15,970 15,604 7.843 2,038 7.465 2,899 2,374 11.596 10,847 826 Bloomsbury Publlshing BP BriC BurnoOd CT Automob' Group pl Diploma plc DiScorie Group plc Ecora Resources plc Genuit Group plc Goodwin 2,174 7.791 4,131 7,755 1.334 714 GSK pl¢ Halma 17,544 877 3,080 1,286 2,899 399 H8adlarn Group plc Hill & Srnith plc HSBC Holdings plc Int61 Coip Jarnes Halstead 17.822 3,090 16.999 15.121 1.803 10.915 12.806 18,076 14,194 16,425 14,408 21,093 15,311 1 S,916 7,463 15,370 367,843 8,117 7,538 8,262 7.791 1.196 17,127 6.161 5,798 72 Kin and Carta plc Kilw84e Group pl¢ Legal & General LiontrustAsset Managemènt plc Lords Group Trading pl¢ M&Gplc ort(s & Spenr Wacrosoft Corp Naiwest Group pl¢ Now Noidisk 7,403 507 8.676 Peel Hunt Limited Carried fomard
E EVELYN NORRIS TR NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 D CEMBER 2023 MaTket lue INVESTMENTS- ENDOWMENT FUND C05t uib-e5 Brought fOard Pets at Home Group plc Pièrèr bilIty Portrneirion Group Prudential plc Renishaw 528.702 16,149 11.619 3,943 9,649 8.431 13,218 18,718 17.922 23.975 17,434 8,349 9,673 14.492 10.759 15.627 18.597 367,843 18,712 18,415 13,605 11,315 1,502 14,379 13,387 8,876 9,952 20,383 19,130 16,082 922 5,073 272 1,359 1.087 236 58 Roth8 Holdings RS Group plc Schroders 2,283 4,167 163 Siemens 5,671 25,367 7,409 6,885 6.885 4,349 489 Smilh IDS) Spe8dy Hire Stelrad Group ple ThorpelF.WJ Electronics Unieorn UK 16,657 17,279 20,552 14,33S 12,076 7,003 uni10r plc United ngdoM Urban Logistics Reitplc Volution 14.133 11.959 3,624 .14.969 15.241 15.719 791,184 822,385 fjo
THE EVELYN NORRIS TRUST OUNTS FOR THE YEAR END NOTE 31 DECEMBER 2023 Market %elue Cost INVESTMENTS- UNRESTRICTED FUND uits.es 106 stra Zeneca 11,236 3,365 13,328 5.134 7,579 4,251 2.884 11.243 6.525 2.972 6,332 11,101 7,347 6,194 2,527 9,324 6,999 5,970 3,036 2,960 3.284 5,997 6,881 4,151 6,113 456 774 AM 2,835 1,101 901 BloomsburyPublishing BP Bri¢ 4.404 4,119 314 Bumiwood CT Autom0ts Group plc Diploma plc DIScoriè Group plc Ecora Resources plc Genuit Group plc Goodwin 826 2.511 6,064 5,925 2.978 6.662 333 2,959 1,569 2,945 506 GSK plc Halma 271 1.170 489 Headlarn Group plc Hill & Smith plc HSBC Holdings plc Intel Corp James Halst88d 6.7S8 1.174 $.455 5,742 685 1.101 151 3,083 2.862 3.138 2,959 454 8,291 3.797 8,004 7,432 2,862 3,318 5,205 6.000 8.120 6,170 15.610 2.891 200,010 Kin and Carta plc KI8 Group plc Legal & Gen8ral LionliuslP6set Management plc Lords Group Trading plc M&G plc Marks & Spenr Microsoft Corp Natwest Group pl¢ Noy) Nordisk 4,145 4,863 6.864 5,390 6,237 5,471 8,010 5,814 6,044 2,834 5,836 139,685 6,504 2,339 2,202 28 2,811 193 2.535 Peel Hunt Limited Caiiied fOnard
THE EVELYN NORRI TRUST E ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2 NOTE Market value INVESTMENTS- UNRESTRICTED FUND Cost E uities BrOght fOard Pgts at Home Group plc Pler Mobility Pothiairion Group Prudential plc Renishaw 200,010 6.133 4,412 1,497 3,664 3.202 5.019 7.108 6,806 9,104 6.620 3,170 3,673 5.503 4,086 5.934 7.062 5,684 5.788 5.969 139,685 7,108 6,993 5,168 4,297 571 1,927 103 516 413 89 22 Roche Holdings RS Group pl Schroders 5,460 5,076 3,371 3,779 7,740 7,264 6,107 350 867 1,583 62 Siemens 2.154 9,633 2,814 2,815 2,615 1,651 186 Smith IDS) Speedy Hire Slelrad Group p¢c ThorpelF. Ekctronics 6,325 6,561 7,804 5.444 4,586 2,659 Unicorn UK uni16r plc United Kingdom Urban Logistics Reit ple Volution 5,367 4,541 1.376 300,444 236,344 TOTAL INVESTMENTS 1,091,627 858.729 12
THE EVELYN NORRIS TRUST TES TO THE ACCO NT E YEAR ENDED 1 DE EMBER 2023 2023 2022 DEBTORS other Due from stockbroker on capital account 1.626 15,665 Due from stockbroker on income account 2.11e 1,600 3.744 17.265 En Unrest Fund ANA ASSETS BY FUND Investrnents 791,183 300.444 1,091,627 977,809 Oeblors 2,714 1.030 3.744 17.265 Cash al bank and in hand 16.808 16.808 75.883 Grants commilted 12,6501 Atrtupd expenyes 11,9291 11.9291 InterfurKJ Loan 13,497 113.4971 807,394 302,856 1,110,250 1.067,185 13