THE NORMA LIPMAN MEMORIAL TRUST
The support of work in ceramics in the fine art department of Newcastle University.
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.
What the accounts disclose
“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
Trustees
- Professor Simon David Pallettchair
- Jeremy James Paterson
- Lindsay Allason-Jones
- PROFESSOR TREVOR FRANCIS PAGE
- Sebastian Trend
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.