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 ins*tutton' 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 c￿ling or to enable them to travel abroad to
pursue their education.
to provlde and supwrt educational, recreational or a￿lIlary 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 dire￿OIS 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 W￿man. ty Wakefiekl
Metropolitan Districi Councll a$ Local
Education Authority
Mr B D Thabr
One y￿nCY

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 th￿e ¢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 NoM￿nic￿ F￿eStOn 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 sO￿ty 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 ￿ll￿t
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 prC￿edur6B 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 reV￿W of the accounting records kept by the Charity
and a comparison of the accounts those records. It also indudes consKleration of any
unu$u•l ilom8 or dI￿108￿re8 in the acthunts, and s￿kIng explanation8 from tho tru8t•O
conGeming any such matters. The proc4dures undertaken do not provide all the evidenGe that
woul¢ be requlred In an audtt, and consequenuy no oplnion Is gNen as to whether the ￿COUnts
pre88nt a tru8 and 181r vlew and the raport Is Ilmltal to those matters set out in the statement be￿￿¥.
Ind•p•ndent oxamlnerfs 8tatemont
In connection IMth my examination. no m8tter h88 come to my attent*)n.'
(1) whlch gIV￿ mé r8asonable caus@ to ￿$@¥@ 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
VV￿t 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 ma￿rrtY for another 12 months to
5 May 2022 at wh￿h 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 do8￿n*t8d 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 Inv￿t￿ent 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 w*ar(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