THE NORMANTON FREESTON FOUNDATION 1 Homo Fami Court Brgtton Wakefi•ld We•t Yorknhlro WF4 4TR Reg18l•rod charlty 529279 UNAUDITED ACCOUNTS YEAR ENDED 31 AUGUST 2026
THE NORMANTON FREESTON FOUNDATION ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2026 Pago Tru•t••'• r•port Ind•pendont •xamln•V• r•port RK•lpts and ym•nI• a¢nI Stat•m•nt of aM•ts and Ilabllltl•• Not•• to tho •¢¢ounl•
PAGE 1 THE NORMANTON FREESTON FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Alms. oblecllvos and acllvltl8s The objects are, for the benefft of the public.. to advanc£ educakn through.. the provislon of a sile in Nonnanton. West Yorkshir& for an educ2tlonal instutton' and furthering the edueathjn of arhy person attending any educational in?btution conducted on the charity's protety by Ihe award of pr[ (or other suitable reward). and giving grants, bursanes or other payments to beneficiaries who ar8 in need of financral assistance {or to educational institutions attended by such nefiCrdr1esl. and providirtg ftnancial or other aSsiStsn lo such beneficsaries to assist their entry into a profession, trade or cling or to enable them to travel abroad to pursue their education. to provlde and supwrt educational, recreational or alIlary facilitles and servlces for the benefft of the benthiarie¥ and the inhabitsnts of the area of benefit The School of the Foundation 18 A£ademy Freeston at Favell Avenue Nomianton. Structurn, govamanco and managom•nt The Foundation is governed under the power given in the charib.es Acl 1993 by a scheme made on 18 March 2002 as amended on 14 October 2011. when a corporate trustee was appointed. Each of tho direOIS is apFointed as follow8.. Dlrectorn at the date of thls report Up to tsvo of whom at st one shall be a woman, by the Master and Fell¢Jws of UnNerstty College Oxford Mr A M Tayor Mrs E E Hudson Up to one by the Counctl of the Universty of Leeds Mr S A Patel Up to of whom one shall be a Wman. ty Wakefiekl Metropolitan Districi Councll a$ Local Education Authority Mr B D Thabr One ynCY
PAGE 2 THE NORMANTON FREESTON FOUNDATION TRUSTEE'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Up to three of whom at kast one shall be a woman and of wftom one sliall be resident in Altofts. ty the Nmnanton Town Couwl Mrs H E Hudson Mr B Mayne Mr P Sampson Up lo on8 by the Wamiflèld cum Heath Parish Council Mrs M I Vasey Up to one by the Sharlston Parish CouncAI Mr N A Durant Up to the ¢Npted dlrectors Mrs S E Blezard Mrs L J Huddlestone Reverend A Murray The directors meet every month8. Their tem of office is three year8 apart from the co-opted dlrectors whose tenn Is lour year¥. The charivs advisors ar8.. CofFrfJrate trustee- The NoMnic FeStOn Foundation Trustee Limrted Cleth- Mr J C 8roarton FCA 1 Home Farm Court Bretton Wakefield West Yorkshire WF4 4TR 88nkors- Barclays Bank Trinity Walk Shopping Cèntre Teall Way Wakefiekl West Yorkshire WF1 1QS Sdicitors- Catteralls 15 King Stred Wakefield West York8hir8 WF12SL Accountants- Hansons St Oswald House St Oswakl Street Castleford West Yorkshire V4F10 10H The chaiitys investment managers are.. BlackRock Fund Managers Limit6d PO Box 545 Darlington County Durham DL19Ta CCLA Investment Management Limited PO Box 12892 Dunmow Essex CM6 9DL M & G Chanties PO Box 9038 Chelmsford Essex CM99 2XF Re8orvo$ pollcy After the p8yment of any expenses of administration the net yeaty incom8 of the Foundakn'on is applied by the director5 a8 follows: Grants for the educational benefft of the pupils of the Academy Higher education avrards Travel bursaries Freeston Foundation scholarships Provide and support edLtcational. recreats'onal or ancillary faciliti.es and seNices for the benefrt of the bantharies and the inhabitants ot the area of benefit Mr8D Mrs L J Huddlestone Director Director The Nomianton Freeston Foundation Trustee L¥rJited The Nom)anton Freeston Foundation Trustee Limited 12 November 2025
PAGE 3 THE NORMAiifoN FREESTON FOUNDATION INDEPENDEKf EXAMINER% REPORT TO THE TRUSTEE ON THE UNAUDrrED ACCOUNTS I rep)rt on the acwunts of thè thanty for the y8ar éndgj 31 August 2LY25 set out on pages 3 to 8. This report is made sOty to the trustee in acc(nCe Imth section 145 of the ChaTrties Act 2011 (the Act). My examination has been undertaken so that I mKJht state to the trustee those matter8 l am Nuired to State in an indeperKlent examinerfs report and for no other purpose. To the llt 8Xtenl permrtted by law. I do not accept or assume responsibilty to anyono other than the trustee for my examination, for this report or for tho a'nion I hav8 fomied. R•Bp9¢tlve re8pon•lbllftl•6 of tru•ts• and Ind•pend•nt •x•mln•r The ch8riVs trustee 18 responsible for the preparallon of tho aco)unts. The trustse considers that an audit is not required for this year under tion 14q2) olthe Act and that an Indepèndent examinatson is required. It Is my responslblllty to.. examine the aco)unts und8r s8ction 145 ofthe ACL. to follow such prCedur6B laid dovm in the General Dlredon8 glven by the Charity Commission under seclon 145(51 (bl of the Act.. and to state whether particular matters have ¢om& to my attention. Bul• of Ind•pnd•nt •x•mln•rf• i•port My examination was carriod out in accordance with the General Direct$ gNon by the Charity Commisslon. An exarnination indudu a reVW of the accounting records kept by the Charity and a comparison of the accounts those records. It also indudes consKleration of any unu$u•l ilom8 or dI108re8 in the acthunts, and skIng explanation8 from tho tru8t•O conGeming any such matters. The proc4dures undertaken do not provide all the evidenGe that woul¢ be requlred In an audtt, and consequenuy no oplnion Is gNen as to whether the COUnts pre88nt a tru8 and 181r vlew and the raport Is Ilmltal to those matters set out in the statement be¥. Ind•p•ndent oxamlnerfs 8tatemont In connection IMth my examination. no m8tter h88 come to my attent*)n.' (1) whlch gIV mé r8asonable caus@ to $@¥@ that in sny matsrial respect the rÉquirements to: keep accounting records in accordance section 130 oftho Act", and prepare accounts whth a¢o)rd with the accounting records and comply Ih the acc)3untino requirements of the Act have nol been met. or {21 to whicti, in my opink)n, attention shoutd be drawn in (Kder to enable a proper undersknding of the accounts to te reached. Mark Andrew Upex BA FCA Han6on$ St Oswald House Sl Oswald Street CASTLEFORD VVt YorKahlTE WF10 1DH
PAGE 4 THE NORMANTON FREESTON FOUNDATION RECEIPTS AND PAYMENTS ACCOUPIt FOR THE YEAR ENDED 31 AUGUST 202S 2025 2024 In¢omlng ro•our¢o• Income from investments Income tax rofund Bank interest John Freegton trust Sale of fraction Loan repayment Total Incomlng ro•our 48.281 2S1 15,038 68.608 45.551 314 14.642 57.720 2,000 120,227 122,186 Re80urce8 expend•d Purchase of investments Sectlon A funding Section B funding Paymonts for education purpo Management expenses Total outgoing r•8oufG 8,372 22,202 41,807 8.750 8.647 87,778 4.192 20,455 23,117 1,550 7.225 56,539 Net ro¢elpts for th• year 34A08 63,688 Reconciliation of funds Total funds brought ft)rward 382,798 319,110 Totsl funds c8rrted foTh¥ard 417,206 382.798
PAGE 5 THE NORMANTON FREESTON FOUNDATION STATEMENT OF ASSEfs AND UABILMES AS AT 31 AUGUST 2025 Total funds Prior year funds C••h fund• 417,206 382,798 Loan 88,000 88,000 A £100,000 secured loan was m8de to Freeston and Sag*s Am$houses IFSAI trust for ono year carrying interest at I. The ban and Intwest were rolled over al marrtY for another 12 months to 5 May 2022 at whh date FSA asked for and vras granted a final repayment date of S September 2022., this date too was mlssed although £12.000 caprtal has been recewed. A proposal by FSA to the Foundation lo accept a lower amount of Interest was agreed by the Foundatton on 21 March 2023. As at 12 November 2025 no Interest has received. Mrs S E Blezard, Mr B D Thaler, arKI Reverend A Murray are trustees of FSA and also directors of The Normanton Freeston Foundation Trustee Limited. Inv••tm•nt amots Cost 652,093 645,721 Market value 1.164.994 1,144,323 A88et8 rgtaln•d for ¢harlty'8 own Outwo¢)d Academy Freeston tand and Eyjildings together detached plawng fields. Land at Beckbrldge Normanton Llab11tt188 Clerk's stipend: 6 months to 31 August 2025 3,5(Kl 3,375 Accountants. fees: Year ended 31 August 2023 Year ended 31 August 2024 Year ended 31 August 2025 390 390 402
PAGE 6 THE NORMANTON FREESTON FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 1 A¢¢ountln9 polkl Unrestricted funds are those whith are avallable for use at the direction of the directors in furtherance of th8 genaral objectives of the Foundation and which hav8 not do8nt8d for other purpo8e8. 2 lttcome from I¥tMents Charits'es UK Equity A In¢xffle Chariti88 UK Bond A Inc COIF Charitie¥ In¢ome CharifLJnd Income Alllance wiian plc Britssh Land Company plc Edinburgh Invo•tm•nt Tfust plc 28676.200 units 36305 227 unit8 13096.820 untts 28515.953 unrts 2310 2.5p ord sfwes 2095 25p c shwes 4275 2Sp slw•s 7,198 2,178 7,190 24,868 004 370 1.137 2,130 7,384 26.620 396 Elki i F & C Invtent Trust pl¢ GSK plc P8nnon Group ple Residential Secure Income plc Scottlsh Mortgage Trust plc Unilaver ple Vi8try Group F4c Warehou$• REIT pl J D Wetherspoon p]c 2592 25p ord shares 452 31.25p ord 8har•s 942 61.05p ord 5hare8 10498 1p ord shar88 1085 5p sharns 195 0.311pord8h8 942 50p 8h•r68 10733 1 p ord Bh 1085 2p ord ¥hare¥ 412 286 431 362 383 261 391 353 213 898 174 48,281 681 45,551 3. 8octlon A lundlng Art and photography sketctr( Books for Yèar 6 stLsdent8 Travel and trips Speech day prlzes and war(Is Photography 8nd 8rts¥ork 2.338 1.000 1S,084 2,282 1.SOO 22.202 2,500 1.500 13.406 1,050 2,000 20,455
PAGE 7 THE NORMAKfoN FREESTON FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2026 4. Payments for education and recreatlonal purposes 2025 2024 Higher education awards Directors. awards Kellh Hlll Jurisprudence award 250 1000 300 1,550 6,750 8.750 5. Managament expen86S 025 Clark's stipend Director8. liability in8uranGe Postsges and ststsonery Accountants, fees Brokers, char986 6.875 571 268 792 141 6.500 390 139 7,225 6. Cash fund8 Total funds Prior year fundo Tèmis Barclays Bank Interactlve Investor CCLA COIF Chartties Deposrt Fund instant instant acces8 42.037 169 57.607 191 instant access 375.000 325,000 417,206 382,798
PAGE 8 THE NORMANTON FREESTON FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 7. Invgslm•nt as8•ts- markèt v*lu• Markel value 2025 2024 BlackRoek Charibes UK Equity A Incom8 81ackRo¢k Charitie¥ UK Bond A Income CCLA COIF Chanties Investment Income & G Equities Inv8Stm8nt Fund for Charitses Allian¢e Witsn pl¢ 8ntish Land Company plc Edinburgh Trust pl¢ 82,083 63,113 82,485 265,381 22.582 11,280 22.611 226,829 51,190 257.520 468.220 29.060 7.392 35.597 222,527 53,006 267,019 439,171 28,791 8.615 32.875 Fin F & C Investmont Trust PIC GSK plc Pennon Group plc Ro9idential Secure Income pk Scottish Mortgage Inveslment Tnjst p Unilever plc Vi8ty Group plc Warehouse REIT plc J D Welherspoon plc 19.03S 7,329 12,920 11,188 12.160 8.735 8.121 12,904 10.166 652,093 30,562 6,841 7,852 6,439 11.946 9.258 5.754 12.829 7,71S 64,994 26,646 7,489 5,685 5,8C6 8.984 9,567 12,802 9.305 8,23S 1,144,323