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home >> charity search >> norwich town close estate charity
Finance Score: -2
Governance Score: 2
Support Score: 0
  • Deficit latest year: -2
  • 12+ Trustees: -1
  • Gender balanced board: +3
  • No supporters identified
Overall GiG Score: 0 ?

NORWICH TOWN CLOSE ESTATE CHARITY 

The Charity makes grants to individuals who are Freemen of the City of Norwich, their children and widows. These grants are for educational purposes, for 'relief in need' and for 'pension' grants. Remaining funds are used to make grants to other organisations with a charitable purpose for beneficiaries who live within a 20 mile radius of the centre of Norwich, again for educational purposes.
Analysis by Giving is Great

Positives:

  • This charity has an endowment fund which generates most of its income
  • Spending has increased over the last 3 years relative to the previous period
  • The Board appears to be well diversified in terms of gender

Regulatory & Governance issues to consider:

  • There are 15 trustees whereas the Charities Commission recommends a maximum of 12

Financial issues to consider:

  • Income was lower than spending in the latest year
miles

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k		 Spending
£k		 Surplus/
Deficit		 Fundraising
Cost £k		 Total
Funds £k		 Unrestricted
Funds £k		 Mths
Rsrvs		 Staff Volun-
teers
31/03/23£1,136£1,399£-263£0£29,922£1,58113.600
31/03/22£1,074£1,217£-143£198£30,331£1,6251600
31/03/21£1,064£1,436£-372£213£28,285£1,53912.900
31/03/20£1,043£1,218£-175£155£25,621£1,50114.800
31/03/19£1,068£1,134£-65£136£26,256£1,59316.900
31/03/18£909£1,098£-190£144£25,777£1,53416.800
31/03/17£938£1,028£-90£75£25,430£1,47817.300
31/03/16£924£1,000£-76£0£23,979£1,34016.100
31/03/15£909£1,076£-166£30£23,374£1,38915.500
31/03/14£880£999£-119£25£22,146£1,42117.100
31/03/13£844£673£171£24£20,893£1,43725.600
31/03/12£722£673£49£24£19,627£1,04318.600
31/03/11£695£635£59£25£19,546£97118.300
31/03/10£723£698£24£27£19,311£86814.900
31/03/09£744£773£-29£28£17,902£1522.400
31/03/08£815£781£34£28£19,531£88613.600
31/03/07*£756£674£82£26£20,234£88915.800
31/03/06*£710£836£-126£0£0£0n/a00
31/03/05£638£655£-17£0£0£0n/a00
31/03/04£648£799£-151£0£0£0n/a00
Show more rows -->

Download accounts
Financial Ratios
Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 2%
Liabilities/Income: 50%
Unrestricted Funds/Total Funds: 5%
Reserves/Spending: 13.6 months
Net Current Assets/Spending: 7 months
Quick Ratio: 2.3
Asset Split ?
Established: 47 years

www.norwichcharitabletrusts.org.uk

david.hynes@norwichcharitabletrusts.org.uk

01603621023

Charity Commission for England and Wales
UN SDGs
?
Listed activities
  • Education/Training
  • The Prevention Or Relief Of Poverty
GiG Classification
  • Grant-making foundations
How it operates
  • Makes Grants to Individuals
  • Makes Grants to Organisations
  • Provides other finance
Where it operates
  • Norfolk,
Who it helps
  • Children/Young People
  • Elderly/Old People
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
  • People With Disabilities

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (15)
Current Trustees appointed
Gender Split

Legal constitution
  • Charity registered in England & Wales on 01/11/1977, number: 235678
Gift Aid
  • NOT registered with HMRC for Gift Aid
Policies in force
  • Bullying and harassment policy and procedures
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Risk management
  • Serious incident reporting policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Filing Record
20 returns made; AR07: 7 days late, AR06: 0 days late,
Main office

NORWICH CHARITABLE TRUSTS
1 WOOLGATE COURT
ST. BENEDICTS STREET
NORWICH
NR2 4AP

Objectives

(1) ONE HALF OF THE YEARLY INCOME IN EITHER OR BOTH OF THE FOLLOWING WAYS: (A) FOR RELIEF IN NEED IN ACCORDANCE WITH THE PROVISIONS OF SCHEME SEALED 1ST NOVEMBER 1977. (B) TO PAY PENSIONS. (2) THE OTHER HALF OF THE YEARLY INCOME FOR THE FOLLOWING PURPOSES:- (A) THE UPKEEP AND MAINTENANCE OF ANY RECREATION GROUND. (B) THE PROMOTION OF EDUCATION. (FOR FURTHER DETAILS, SEE SCHEMES OF 1/11/1977 AND 10/5/1983.)

Defined Area of Benefit:

20 MILE RADIUS FROM THE CITY OF NORWICH GUILDHALL

Data Sources

Charity Commission for England and Wales
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

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