NORFOLK AND NORWICH FESTIVAL TRUST
To run and support the annual arts festival in Norfolk and Norwich. To act as one of the Regional Bridge organisations to promote the Arts in education
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £69,720 for the year ended 31 December 2024, resulting in total consolidated funds of £603,555. The trustees consider that the free reserves of £251,304 are sufficiently close to the stated policy target of £250,000, which represents three months of average organisational costs. The auditor confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The number of staff who had employee benefits of more than £60,000 in the following ranges were: 2024 Number 1 £80,001-£90,000” — page 39
“The number of staff who had employee benefits of more than £60,000 in the following ranges were: 2024 Number 1” — page 39
“The charity is an Arts Council England (ACE) National Portfolio Organisation (NPO) and during 2024 received funding from the Arts Council of £1,288,416” — page 14
“The target free reserves are £250,000 which represents three months average organisational costs, not including direct programme related costs.” — page 16
Year-over-year changes
- Reserves position vs the charity's own policy moved from "below" (FY2023) to "above" (FY2024).
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (04/05/2017)
Trustees
- Julia Bates
- Julia Elizabeth Carruthers
- Kate Heyman
- Maddie Exton
- Marc David Naveed Jaffrey
- Martin Ambrose Mitchell
- Paige Olivia Gouldthorpe
- Professor Fiona Elaine Lettice
- Richard Nicholas Laurence Ross
- Tafadzwa Gladmore Kativu
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.9m | £2.0m |
| 31/12/2023 | £2.0m | £2.3m |
| 31/12/2022 | £2.4m | £2.7m |
| 31/12/2021 | £2.4m | £2.2m |
| 31/12/2020 | £1.9m | £1.6m |
Common questions
Is NORFOLK AND NORWICH FESTIVAL TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £69,720 for the year ended 31 December 2024, resulting in total consolidated funds of £603,555. The trustees consider that the free reserves of £251,304 are sufficiently close to the stated policy target of £250,000, which represents three months of average organisational costs. The auditor confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Price Bailey LLP.
What does the highest-paid employee of NORFOLK AND NORWICH FESTIVAL TRUST earn?
Per its FY2024 accounts, the highest-paid employee was in the £80,001 - £90,000 band, and 1 employees earned over £60,000.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 17/01/2025 | £15k | Investment Funds |
| UK government | 20/10/2022 | £1.3m | National Portfolio Organisations |
| UK government | 20/10/2022 | £1.3m | National Portfolio Organisations |
| The National Lottery Heritage Fund | 15/12/2021 | £69k | "Festival Forever" |
| UK government | 23/03/2021 | £31k | Bridge Expansion |
| The National Lottery Heritage Fund | 15/03/2018 | £571k | "Common Ground: Inspiring and equipping young people to celebrate their cultural and natural heritage" |
| UK government | 21/06/2017 | £830k | National Portfolio Organisations |
| The National Lottery Heritage Fund | 10/02/2011 | £23k | "Festival City" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BAGRI FOUNDATION | 1 | £698k |
| Norwich Freemen's Charity | 1 | £10k |
| EDUCATIONAL FOUNDATION OF ALDERMAN JOHN NORMAN | 1 | £5k |
| THE THEATRES TRUST CHARITABLE FUND | 1 | £5k |
| THE HULL AND EAST RIDING CHARITABLE TRUST | 1 | £3k |
| LILIAN FRANCES HIND BEQUEST (TRUSTEES OF LADY HIND) | 1 | £1k |
Charities like this
- NORWICH ARTS CENTRE LIMITED
- FREEDOM FESTIVAL ARTS TRUST
- NEWCASTLE ARTS CENTRE TRUST LTD
- Culture& Arts and Heritage
- NORTH NORFOLK MUSIC FESTIVAL
- THEATRE ROYAL (NORWICH) TRUST LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NORFOLK AND NORWICH FESTIVAL TRUST | £1.9m | £80,001 - £90,000 | 1 | above | — | no doubt |
| NORWICH ARTS CENTRE LIMITED | £1.1m | — | 0 | unclear | — | no doubt |
| FREEDOM FESTIVAL ARTS TRUST | £747k | — | 0 | below | — | no doubt |
| NEWCASTLE ARTS CENTRE TRUST LTD | £175k | — | 0 | unclear | — | no doubt |
| Culture& Arts and Heritage | £523k | — | 0 | unclear | — | no doubt |
| NORTH NORFOLK MUSIC FESTIVAL | £111k | — | 0 | above | — | no doubt |