2025-12-31-accounts

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

THE EVELYN NORRIS TRUST

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

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
		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 2025

The trustees present their report together with the financial statements of the trust for the year ended 31 December 2025. 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

61 (2024: 85) individual grants and 2 (2024: 2) institutional donations were made by the trust during 2025.

FINANCIAL REVIEW

The funds of the charity have increased by £178,704 (2024: increased by £100,936) 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 2025

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

13 April 2026

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 2025 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.

15 April 2026

THE EVELYN NORRIS TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

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 £ - 39,680	Unrestricted Fund £ 15,000 19,139
		39,680	34,139
		8,702 - -	4,197 45,915 3,878
		8,702	53,990
		30,978 (39,680)	(19,851) 39,680
		(8,702) 113,049
		104,347 817,078
		921,425

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

THE EVELYN NORRIS TRUST

BALANCE SHEET AS AT 31 DECEMBER 2025

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	2025 £ 1,341,635 3,071 47,344 50,415 - 2,160 2,160 48,255 1,389,890 921,425 468,465 1,389,890	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

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

…………………..……………………………..…..……… Trustee 13 April 2026

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 2025

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 £15,000 (2024: £18,000) from the Council as a share of donations collected in an appeal known as ‘Acting for Others’.

3	INVESTMENTS Investment income from quoted investments	2025 £ 58,819 58,819	2024 £ 53,144
			53,144

THE EVELYN NORRIS TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

4 5	GRANTS AND DONATIONS Grants to individuals Grants to institutions (Royal Variety) Grants to residential homes Brinsworth House Denville Hall OTHER Trustees’ expenses Secretaries’ honoraria Information Commissioner’s Office Accountancy Independent examination Bank charges Office expenses	2025 £ 43,915 1,000 1,000 - 45,915 - 1,300 35 1,500 660 40 343 3,878	2024 £ 55,733 1,000 1,000
			57,733
			- 1,150 35 1,500 600 61 539
			3,885

One trustee (2024: 1) received reimbursement of expenses.

THE EVELYN NORRIS TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

6

INVESTMENTS-ENDOWMENT FUND Equities 12,927 United Kingdom 255 AstraZeneca plc ord 1,864 Aviva ord 4,972 Bloomsbury publishing ord 2,652 BP ord 19,888 Coats group plc 530 Diploma plc 2,519 Discoverie group plc 13,259 Ecora resources plc 3,779 Genuit group plc 312 Goodwin ord 994 Greggs 1,618 GSK plc ord 653 Halma 1,177 Hill & Smith plc 2,652 HSBC holdings plc 7,425 James Halstead 7,558 Kitwave group plc 10,441 Legal & General group 1,989 Liontrust asset management plc 15,666 Lords group trading plc 5,635 M&G plc 89 Magnum ice cream 5,304 Marks & Spencer group 6,771 Natwest group plc 6,106 Peel Hunt Limited 4,641 Pets at home group plc 11,469 Premier foods 994 Prudential plc 365 Reckitt Benckiser group plc Carried forward	13,050 13,113 35,198 7,314 12,759 7,130 23,967 5,759 11,477 14,446 16,806 14,588 28,084 771 15,116 9,357 15,222 18,823 12,357 14,273 66,370 4,817 16,707 15,684 29,514 22,761 23,104 803 25,183 2,826 31,128 15,549 10,173 1,649 17,005 11,714 27,347 24,701 5,281 18,570 3,509 15,024 16,139 13,179 1,054 962 17,503 19,293 44,137 14,558 6,595 14,059 9,189 17,116 19,796 20,439 11,382 10,350 21,885 16,486 587,039 366,114
12,927 255 1,864 4,972 2,652 19,888 530 2,519 13,259 3,779 312 994 1,618 653 1,177 2,652 7,425 7,558 10,441 1,989 15,666 5,635 89 5,304 6,771 6,106 4,641 11,469 994 365

INVESTMENTS-ENDOWMENT FUND
Equities
12,927
United Kingdom
255
AstraZeneca plc ord
1,864
Aviva ord
4,972
Bloomsbury publishing ord
2,652
BP ord
19,888
Coats group plc
530
Diploma plc
2,519
Discoverie group plc
13,259
Ecora resources plc
3,779
Genuit group plc
312
Goodwin ord
994
Greggs
1,618
GSK plc ord
653
Halma
1,177
Hill & Smith plc
2,652
HSBC holdings plc
7,425
James Halstead
7,558
Kitwave group plc
10,441
Legal & General group
1,989
Liontrust asset management plc
15,666
Lords group trading plc
5,635
M&G plc
89
Magnum ice cream
5,304
Marks & Spencer group
6,771
Natwest group plc
6,106
Peel Hunt Limited
4,641
Pets at home group plc
11,469
Premier foods
994
Prudential plc
365
Reckitt Benckiser group plc
Carried forward

13,050
13,113
35,198
7,314
12,759
7,130
23,967
5,759
11,477
14,446
16,806
14,588
28,084
771
15,116
9,357
15,222
18,823
12,357
14,273
66,370
4,817
16,707
15,684
29,514
22,761
23,104
803
25,183
2,826
31,128
15,549
10,173
1,649
17,005
11,714
27,347
24,701
5,281
18,570
3,509
15,024
16,139
13,179
1,054
962
17,503
19,293
44,137
14,558
6,595
14,059
9,189
17,116
19,796
20,439
11,382
10,350
21,885
16,486
587,039
366,114

12,927
255
1,864
4,972
2,652
19,888
530
2,519
13,259
3,779
312
994
1,618
653
1,177
2,652
7,425
7,558
10,441
1,989
15,666
5,635
89
5,304
6,771
6,106
4,641
11,469
994
365

THE EVELYN NORRIS TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

6

		Market
INVESTMENTS-ENDOWMENT FUND		value	Cost
	Equities	£	£
	Brought forward	587,039	366,114
431	Renishaw plc	15,126	7,912
2,088	RS group plc	13,031	12,227
3,812	Schroders plc	15,515	8,119
23,203	Speedy hire	5,801	17,498
11,270	Stelrad group plc	15,835	20,840
3,398	Thorpe(f.w.)	9,463	843
6,298	TT Electronics	7,205	15,236
3,978	Unicorn investment funds	12,777	15,805
398	Unilever plc	19,330	17,836
3,315	Volution grp plc	21,381	6,406
564	Bekaert sa	18,686	16,783
308	Novo nordisk	11,736	4,535
129	Roche holdings	39,824	29,441
149	Siemens ag	31,133	9,103
365	Intel corp	10,007	13,831
66	Microsoft corp	23,838	14,005
32,484	Target healthcare reit plc	31,706	31,502
		889,435	608,035

THE EVELYN NORRIS TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

INVESTMENTS - UNRESTRICTED FUND

6,573 130 948 2,528 1,348 10,112 270 1,281 6,741 1,921 158 506 822 332 598 1,348 3,775 3,842 5,309 1,011 7,965 2,865 46 2,696 3,443 3,105 2,359 5,831 506 185	Equities United Kingdom AstraZeneca plc ord Aviva ord Bloomsbury publishing ord BP ord Coats group plc Diploma plc Discoverie group plc Ecora resources plc Genuit group plc Goodwin ord Greggs GSK plc ord Halma Hill & Smith plc HSBC holdings plc James Halstead Kitwave group plc Legal & General group Liontrust asset management plc Lords group trading plc M&G plc Magnum ice cream Marks & Spencer group Natwest group plc Peel Hunt Limited Pets at home group plc Premier foods Prudential plc Reckitt Benckiser group plc Carried forward	6,635 6,667 17,895 3,718 6,487 3,625 12,185 2,928 5,835 7,345 8,545 7,417 14,278 392 7,685 4,757 7,739 9,570 6,283 7,256 33,744 2,449 8,494 7,974 15,005 11,572 11,746 408 12,803 1,437 15,826 7,905 5,172 838 8,646 5,955 13,904 12,558 2,685 9,441 1,784 7,638 8,206 6,701 536 489 8,899 9,809 22,440 7,402 3,353 7,148 4,672 8,702 10,065 10,391 5,787 5,262 11,127 8,382 298,459 186,137

THE EVELYN NORRIS TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

INVESTMENTS-UNRESTRICTED FUND
Equities
Brought forward
219
Renishaw plc
1,062
RS group plc
1,938
Schroders plc
11,797
Speedy hire
5,730
Stelrad group plc
1,727
Thorpe(f.w.)
3,202
TT Electronics
2,022
Unicorn investment funds
202
Unilever plc
1,685
Volution grp plc
286
Bekaert sa
157
Novo nordisk
66
Roche holdings
76
Siemens ag
185
Intel corp
34
Microsoft corp
16,516
Target healthcare reit plc
TOTAL INVESTMENTS

Market
value
Cost
£
£
298,459
186,137
7,690
4,023
6,625
6,216
7,888
4,128
2,949
8,896
8,051
10,595
4,811
429
3,663
7,746
6,496
8,035
9,828
9,068
10,870
3,257
9,500
8,533
5,967
2,306
20,247
14,968
15,829
4,628
5,088
7,032
12,120
7,120
16,120
16,016
452,200
309,133
1,341,635
917,169

THE EVELYN NORRIS TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

DEBTORS Other Due from stockbroker on capital account Due from stockbroker on income account Endowment Fund £ ANALYSIS OF ASSETS BY FUND Investments 889,435 Debtors 2,036 Cash at bank and in hand - Grants committed - Accrued expenses - Interfund Loan 29,954 921,425	Unrestricted Fund £ 452,200 1,035 47,344 - (2,160) (29,954)	2024 £ - 20,921 2,166
		23,087
		2024 £ 1,141,555 23,087 48,544 - (2,000) -
921,425	468,465	1,211,186

OpenCharities

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 2025

BALANCE SHEET AS AT 31 DECEMBER 2025

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 2025

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

6

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

6

INVESTMENTS - UNRESTRICTED FUND