THE EVELYN NORRIS TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Registered Charity No 260078 THE EVELYN NORRIS TRUST ## CONTENTS ||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|| 1 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. 2 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 3 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 4 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. 5 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 6 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| 7 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. 8 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|| 9 THE EVELYN NORRIS TRUST 6 ## 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|| 10 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|| 11 THE EVELYN NORRIS TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 6 |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| |---|---| 12 THE EVELYN NORRIS TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 |7
8|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|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|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)|2024
£
-
20,921
2,166
23,087
2024
£
1,141,555
23,087
48,544
-
(2,000)
-
1,211,186|||2023
£
-
1,626
2,118| |---|---|---|---|---|---|---|---|---| |||||||||3,744| ||||||||2023
£
1,091,627
3,744
16,808
-
(1,929)
-|| ||||817,078|394,108|||1,110,250|| 13