2024-12-31-accounts

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THE EVELYN NORRIS TRUST

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Registered Charity No 260078

THE EVELYN NORRIS TRUST

	Page
Legal and Administrative Information	1
Report of the Trustees	2 - 3
Independent Examiner’s Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes forming part of the Financial Statements	7 - 13

THE EVELYN NORRIS TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

REGISTERED CHARITY NUMBER	:	260078
HON LIFE PRESIDENT	:	Dame Judi Dench
CURRENT TRUSTEES	:	Nigel Jones	(Honorary Chairman)
		Lord Cashman of Limehouse
		Nigel Gooch
		Caryl Griffith
		Dawn Hope
		Adam Knight
		Linden Walcott-Burton
ADMINISTRATOR	:	Kaethe Cherney
REGISTERED ADDRESS	:	Unit Z, Vincent’s Yard
		23 Alphabet Mews
		London
		SW9 0FN
INDEPENDENT EXAMINER	:	Chaweevan Williams FCCA
		Verdant Accountants
		20-22 Wenlock Road
		London N1 7GU
INVESTMENT ADVISERS	:	Charles Stanley and Co	Ltd
		55 Bishopsgate
		London
		EC2N 3AS
BANKERS	:	HSBC Bank plc
		PO Box 1EZ
		196 Oxford Street
		London
		W1D 1NT

THE EVELYN NORRIS TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their report together with the financial statements of the trust for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the trust deed, applicable law and the requirements of the Charities SORP - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

OBJECTIVES AND ACTIVITIES

The income of the trust is applied for the purpose of distributing monies for the rest, recovery, recreation and holiday of members of the concert and theatrical professions as the trustees shall think fit.

The trustees have had regard to the Charity Commissioners’ guidance on public benefit. They consider that the welfare payments made to beneficiaries of the fund fulfil the public benefit requirement.

The trustees receive monthly briefings and consider what grants to make. The trustees have many contacts in the United Kingdom and use knowledge gained to support the work of the charity and ensure informed grant making.

The trustees decide to make grants after receipt and assessment of a formal application, indicating a need for funds.

The trustees appreciate feedback on the effect of the grants given and the achievements made. These comments are used to monitor the quality of the grants made.

The trustees intend to continue providing grants in a similar way and to rely on both their own endeavours and those with whom they have a working relationship to carry out the objects of the trust.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The trust was established by deed on 11 September 1968 and is subject to a variation approved by the Charity Commissioners on 13 November 1986.

The trust is based in the United Kingdom at the registered office shown on page 1.

The power to appoint any new trustee is vested in the existing trustees whose names are set out on page 1.

The trustees conduct a risk assessment annually to review the major risks faced by the trust. The trustees are aware of the risks associated with making repeated grants to beneficiaries. Procedures have been instituted to reduce risk in this area.

ACHIEVEMENTS AND PERFORMANCE

85 (2023: 111) individual grants and two (2023: two) institutional donations were made by the trust during 2024.

FINANCIAL REVIEW

The funds of the charity have increased by £100,936 (2023: increased by £43,065) arising from losses on investments during the year. An analysis of the assets held by the fund, the majority of which consists of an investment portfolio, is set out in note 8 to the accounts. Regular investment review meetings are held with the investment advisers.

THE EVELYN NORRIS TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

STATEMENT OF TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

The charity’s trustees are responsible for preparing the annual report and financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law requires the trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charity at the end of the financial year and of the incoming resources and resources expended during the financial year.

In doing so the trustees are required to:

a Select suitable accounting policies and apply them consistently;
b Observe the methods and principles in the Charities SORP;
c Make judgements and estimates that are reasonable and prudent;
d State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
e Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue to operate.

The trustees are also responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with relevant legislation. The trustees 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 trustees confirm that so far as they are aware, there is no relevant information of which the charity’s independent examiner is unaware. They have taken all the steps that they should have taken as trustees in order to make themselves aware of any relevant information and to establish that the charity’s independent examiner is aware of that information.

Approved by the trustees and signed on their behalf by:

.………………………………………………………………

Nigel Jones

Chair

14[th] April 2025

THE EVELYN NORRIS TRUST

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE EVELYN NORRIS TRUST

I report on the financial statements of the trust for the year ended 31 December 2024 which are set out on pages 5 to 13.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

As described on page 3 the trustees are responsible for the preparation of the financial statements. You consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

a examine the accounts under section 145 of the 2011 Act,
b to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act), and
c to state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER’S REPORT

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as 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 financial statements present a “true and fair” view. The report is made solely to the trustees and is limited to those matters set out in the statement below. To the fullest extent permitted by law I do not accept or assume responsibility to any one other than the trustees for my work, for this report or for the opinions I have formed.

INDEPENDENT EXAMINER’S STATEMENT

In connection with my examination no matter has come to my attention:

a which gives me reasonable cause to believe that in any material respect the requirements
i to keep accounting records in accordance with section 130 of the Charities Act 2011; and
ii to prepare financial statements which accord with the accounting records and to comply with the accounting requirements of the Charities Act 2011 have not been met; or
b to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Chaweevan Williams FCCA

Verdant Accountants 20-22 Wenlock Road London N1 7GU.

30 April 2025

THE EVELYN NORRIS TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Note s INCOME AND ENDOWMENTS FROM: 1 Donations and legacies 2 Investments 3 TOTAL EXPENDITURE ON: 1 RAISING FUNDS Investment manager’s fees CHARITABLE ACTIVITIES Grants and donations 4 OTHER 5 TOTAL NET (EXPENDITURE)/INCOME TRANSFER BETWEEN FUNDS OTHER RECOGNISED (LOSSES)GAINS (Losses)Gains on investment assets NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD		Endowment Fund £ - 38,517	Unrestricted Fund £ 92,305 14,627
		38,517
		9,507 - -
		9,507
		29,010 (38,517)
		(9,507) 21,904
		12,397 804,681
		817,078

The notes on pages 7 to 13 form part of the accounts.

THE EVELYN NORRIS TRUST

BALANCE SHEET AS AT 31 DECEMBER 2024

FIXED ASSETS INVESTMENTS CURRENT ASSETS Debtors Cash at bank and in hand TOTAL CURRENT ASSETS LIABILITIES CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Grants committed Accrued expenses NET CURRENT ASSETS TOTAL NET ASSETS THE FUNDS OF THE CHARITY Endowment fund Unrestricted fund TOTAL CHARITY FUNDS	Notes 6 7 8	2024 £ 1,141,555 23,087 48,544 71,631 - 2,000 2,000 69,631 1,211,186 817,078 394,108 1,211,186	2023 £ 1,091,627
			3,744 16,808
			20,552
			- 1,929
			1,929
			18,623
			1,110,250
			804,681 305,569
			1,110,250

Approved by the Board of Trustees and signed on their behalf by:

…………………..……………………………..…..……… Trustee 14[th] April 2025

Nigel Jones

Chair

The notes on pages 7 to 13 form part of the accounts

THE EVELYN NORRIS TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 PRINCIPAL ACCOUNTING POLICIES

Accounting Convention

The financial statements have been prepared under the historical cost convention as modified by the valuation of investments at market value and in accordance with the requirements of the Charities SORP - 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 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

The principal accounting policies adopted in the preparation of the financial statements are as follows: -

Income and Endowments

Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. In the case of fixed interest investments, interest is accrued based on the number of days outstanding.

Expenditure

All expenditure is accounted for on an accruals basis. Governance costs represent costs incurred attributable to the management of the charity’s assets, organisation, administration and compliance with the constitutional and statutory requirements.

Fund Accounting

Funds held by the charity comprise an endowment fund the income from which, subject to the value of the endowment fund not falling below its established value of £333,616, is transferred to an unrestricted fund and can be used in accordance with the charitable objects at the discretion of the trustees.

2 DONATIONS AND RELATED PARTIES

The charity is a member of the Combined Theatrical Charities’ Appeals Council, a registered charitable organisation. One trustee represents the charity at meetings of the Council. During the year the charity received £18,000 (2023: £10,000) from the Council as a share of donations collected in an appeal known as ‘Acting for Others’. The charity also received a legacy from Forrester Syveste in the sum of £74,305.

3	INVESTMENTS Investment income from quoted investments	2024 £ 53,144 53,144	2023 £ 47,435
			47,435

THE EVELYN NORRIS TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

4 5	GRANTS AND DONATIONS Grants to individuals Grants to residential homes Brinsworth House Denville Hall OTHER Trustees’ expenses Secretaries’ honoraria Information Commissioner’s Office Accountancy Independent examination Bank charges Advertising and Postage Office expenses	2024 £ 55,733 1,000 1,000 57,733 - 1,150 35 1,500 600 61 - 539 3,885	2023 £ 77,080 - 1,000
			78,080
			- 1,125 35 1,500 395 55 - 72
			3,182

One trustee (2023: 1) received reimbursement of expenses.

THE EVELYN NORRIS TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

6	INVESTMENTS-ENDOWMENT FUND Equities 13,155 United Kingdom 10,794 Burntwood Bond 2 plc 260 AstraZeneca plc 1,897 Aviva 6,274 Bloomsbury Publishing 2,698 BP 769 Diploma plc 2,564 Discoverie group plc 16,865 Dowlais group plc 13,492 Ecora Resources plc 3,845 Genuit group plc 422 Goodwin 1,646 GSK plc 664 Halma 2,867 Headlam group plc 1,197 Hill & Smith plc 2,698 HSBC Holdings plc 7,556 James Halstead 7,691 Kitwave Group plc 9,276 Legal & General group 2,024 Liontrust Asset Management plc 15,942 Lords Group Trading plc 5,734 M&G plc 5,397 Marks & Spencer group 6,890 Natwest Group plc 6,214 Peel Hunt Limited 4,722 Pets at Home group plc 1,265 Portmeirion Group 11,671 Premier Foods 1,012 Prudential plc Carried forward	Market value Cost £ £ 13,071 13,343 10,768 10,174 27,197 7,442 8,896 7,256 42,300 7,267 10,608 14,700 32,696 1,118 18,335 9,522 11,379 13,345 8,638 19,154 14,982 14,524 33,152 6,518 22,172 23,161 17,874 817 4,073 16,589 22,376 2,876 21,198 15,883 13,076 1,678 24,195 11,920 21,323 21,591 9,637 18,897 5,342 15,288 11,349 13,411 20,272 19,633 27,716 14,814 6,402 14,306 9,712 17,417 2,278 12,663 21,902 20,798 6,448 10,532 499,369 376,637
	13,155 10,794 260 1,897 6,274 2,698 769 2,564 16,865 13,492 3,845 422 1,646 664 2,867 1,197 2,698 7,556 7,691 9,276 2,024 15,942 5,734 5,397 6,890 6,214 4,722 1,265 11,671 1,012

THE EVELYN NORRIS TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

INVESTMENTS-ENDOWMENT FUND Equities Brought forward 371 Reckitt Benckiser group plc 219 Renishaw plc 2,125 RS Group plc 3,879 Schroders plc 23,611 Speedy Hire 6,897 Stelrad Group plc 3,457 Thorpe(F.W.) 6,409 TT Electronics 4,048 Unicorn Investment Funds 455 Unilever plc 3,373 Volution grp plc 573 Bekaert SA npv 314 Novo Nordisk 132 Roche Holdings 152 Siemens 371 Intel Corp 67 Microsoft Corp 11,131 Urban Logistics reit plc	Market value Cost £ £ 499,369 376,637 17,938 16,776 7,424 1,399 14,487 12,442 12,557 8,262 6,613 17,806 9,348 14,969 10,998 858 6,796 15,504 14,168 16,083 20,717 19,129 18,896 6,518 15,831 17,078 21,583 4,614 29,612 29,898 23,709 9,263 5,946 14,074 22,711 14,251 11,402 11,240 770,104 606,802
371 219 2,125 3,879 23,611 6,897 3,457 6,409 4,048 455 3,373 573 314 132 152 371 67 11,131

INVESTMENTS-ENDOWMENT FUND
Equities
Brought forward
371
Reckitt Benckiser group plc
219
Renishaw plc
2,125
RS Group plc
3,879
Schroders plc
23,611
Speedy Hire
6,897
Stelrad Group plc
3,457
Thorpe(F.W.)
6,409
TT Electronics
4,048
Unicorn Investment Funds
455
Unilever plc
3,373
Volution grp plc
573
Bekaert SA npv
314
Novo Nordisk
132
Roche Holdings
152
Siemens
371
Intel Corp
67
Microsoft Corp
11,131
Urban Logistics reit plc

Market
value
Cost
£
£
499,369
376,637
17,938
16,776
7,424
1,399
14,487
12,442
12,557
8,262
6,613
17,806
9,348
14,969
10,998
858
6,796
15,504
14,168
16,083
20,717
19,129
18,896
6,518
15,831
17,078
21,583
4,614
29,612
29,898
23,709
9,263
5,946
14,074
22,711
14,251
11,402
11,240
770,104
606,802

371
219
2,125
3,879
23,611
6,897
3,457
6,409
4,048
455
3,373
573
314
132
152
371
67
11,131

THE EVELYN NORRIS TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

6	INVESTMENTS-UNRESTRICTED FUND Equities 6,345 United Kingdom 5,206 Burntwood Bond 2 plc 125 AstraZeneca plc 915 Aviva 3,026 Bloomsbury Publishing 1,302 BP 371 Diploma plc 1,236 Discoverie group plc 8,135 Dowlais group plc 6,508 Ecora Resources plc 1,855 Genuit group plc 203 Goodwin 794 GSK plc 321 Halma 1,383 Headlam group plc 578 Hill & Smith plc 1,302 HSBC Holdings plc 3,644 James Halstead 3,709 Kitwave Group plc 4,474 Legal & General group 976 Liontrust Asset Management plc 7,689 Lords Group Trading plc 2,766 M&G plc 2,603 Marks & Spencer group 3,324 Natwest Group plc 2,997 Peel Hunt Limited 2,278 Pets at Home group plc 610 Portmeirion Group 5,629 Premier Foods 488 Prudential plc Carried forward	Market value Cost £ £ 6,305 6,436 5,194 4,907 13,118 3,590 4,291 3,500 20,403 3,505 5,117 7,091 15,771 539 8,844 4,593 5,489 6,437 4,166 9,239 7,227 7,005 15,990 3,144 10,694 11,172 8,621 394 1,964 8,001 10,793 1,387 10,225 7,661 6,307 809 11,670 5,749 10,285 10,414 4,648 9,115 2,577 7,374 5,474 6,469 9,778 9,470 13,369 7,145 3,088 6,900 4,685 8,401 1,099 6,108 10,564 10,032 3,110 5,080 240,865 181,667
	6,345 5,206 125 915 3,026 1,302 371 1,236 8,135 6,508 1,855 203 794 321 1,383 578 1,302 3,644 3,709 4,474 976 7,689 2,766 2,603 3,324 2,997 2,278 610 5,629 488

THE EVELYN NORRIS TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

INVESTMENTS-UNRESTRICTED FUND
Equities
Brought forward
179
Reckitt Benckiser group plc
106
Renishaw plc
1,025
RS Group plc
1,871
Schroders plc
11,389
Speedy Hire
3,326
Stelrad Group plc
1,668
Thorpe(F.W.)
3,091
TT Electronics
1,952
Unicorn Investment Funds
220
Unilever plc
1,627
Volution grp plc
277
Bekaert SA npv
151
Novo Nordisk
63
Roche Holdings
73
Siemens
179
Intel Corp
33
Microsoft Corp
5,369
Urban Logistics reit plc
TOTAL INVESTMENTS

Market
value
Cost
£
£
240,865
181,667
8,652
8,092
3,581
675
6,988
6,001
6,057
3,985
3,190
8,588
4,509
7,220
5,305
414
3,278
7,478
6,834
7,757
9,993
9,227
9,114
3,144
7,636
8,238
10,410
2,226
14,283
14,421
11,436
4,468
2,868
6,789
10,954
6,874
5,500
5,422
371,451
292,684
1,141,555
899,487

THE EVELYN NORRIS TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

DEBTORS Other Due from stockbroker on capital account Due from stockbroker on income account Endowment Fund £ ANALYSIS OF ASSETS BY FUND Investments 770,104 Debtors 15,575 Cash at bank and in hand - Grants committed - Accrued expenses - Interfund Loan 31,399 817,078	Unrestricted Fund £ 371,451 7,512 48,544 - (2000) (31,399)		2023 £ - 1,626 2,118
			3,744
		2023 £ 1,091,627 3,744 16,808 - (1,929) -
817,078	394,108	1,110,250

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CONTENTS

OBJECTIVES AND ACTIVITIES

STRUCTURE, GOVERNANCE AND MANAGEMENT

ACHIEVEMENTS AND PERFORMANCE

FINANCIAL REVIEW

STATEMENT OF TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

BASIS OF INDEPENDENT EXAMINER’S REPORT

INDEPENDENT EXAMINER’S STATEMENT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

BALANCE SHEET AS AT 31 DECEMBER 2024

1 PRINCIPAL ACCOUNTING POLICIES

Accounting Convention

Income and Endowments

Expenditure

Fund Accounting

2 DONATIONS AND RELATED PARTIES

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024