THE NORMA LIPMAN MEMORIAL TRUST

Registered charity 1088499 · accounts filings on the Charity Commission register

The support of work in ceramics in the fine art department of Newcastle University.

Objects

For the purpose of furthering the academic development of ceramics within the Fine Art section of the School of Arts and Cultures at Newcastle University.

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · Arts/culture/heritage/science · Get email alerts

Latest income

£26k

Latest spending

£25k

Registered

2001

Accounts read

FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted funds are in deficit, with a balance of £(35,898) at year-end, although this is offset by significant endowment funds of £837,137. The trustees report a reasonable expectation of continuing in operational existence for many years, supported by the recent agreement to make the endowment expendable. Investment income showed a slight increase to £26,016, while total expenditure was £24,819.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £36k; policy: three-year funding strategy)

“At the year end, reserves stood at £800,004 (2024 £830,562) of which £837,137 (2024 £875,975) was restricted. Unrestricted funds showed a deficit of £17,133 (2024 deficit of £45,413).” — page 5

Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Financial reserves policy and procedures
Investing charity funds policy and procedures
Investment

Trustees · trustee networks

Professor Simon David Pallettchair · trustee of 3 other charities
Jeremy James Paterson
Lindsay Allason-Jones · trustee of 3 other charities
PROFESSOR TREVOR FRANCIS PAGE
Sebastian Trend

Trustee list from the Charity Commission register (current, not historical).

Operates in: Gateshead · Newcastle Upon Tyne City · North Tyneside · South Tyneside · Sunderland

Income and spending

Financial year end	Income	Spending
05/04/2025	£26k	£25k
05/04/2024	£24k	£50k
05/04/2023	£20k	£9k
05/04/2022	£19k	£28k
05/04/2021	£17k	£52k

Common questions

Is THE NORMA LIPMAN MEMORIAL TRUST financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted funds are in deficit, with a balance of £(35,898) at year-end, although this is offset by significant endowment funds of £837,137. The trustees report a reasonable expectation of continuing in operational existence for many years, supported by the recent agreement to make the endowment expendable. Investment income showed a slight increase to £26,016, while total expenditure was £24,819. Its FY2025 accounts were independently examined.