NORFOLK AND NORWICH FESTIVAL TRUST

Registered charity 1164424 · accounts filings on the Charity Commission register

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

Causes: Education/training · Arts/culture/heritage/science · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£1.9m
Latest spending
£2.0m
Registered
2015
Accounts read
FY2024

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £80,001 - £90,000 — above the median for charities its size (£70k)
“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
Per its FY2024 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“The number of staff who had employee benefits of more than £60,000 in the following ranges were: 2024 Number 1” — page 39
Per its FY2024 accounts as filed with the Charity Commission.
Largest income source: Arts Council England (66% of income)
“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
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: three months average organisational costs (held: £251k)
“The target free reserves are £250,000 which represents three months average organisational costs, not including direct programme related costs.” — page 16
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Price Bailey LLP. Discloses 6 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2023 and FY2024 accounts as analysed by this site.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.9m
Total spending
£2.0m
Cost of raising funds
£212k
Reserves (reported)
£251k
Employees
21

Reported reserves equal ~1.5 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (79% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 10.9% of total income — above the median for charities its size (5.2%) (benchmarks).

Register events

Trustees · trustee networks

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

Operates in: Norfolk

Income and spending

Financial year endIncomeSpending
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

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
UK government17/01/2025£15kInvestment Funds
UK government20/10/2022£1.3mNational Portfolio Organisations
UK government20/10/2022£1.3mNational Portfolio Organisations
The National Lottery Heritage Fund15/12/2021£69k"Festival Forever"
UK government23/03/2021£31kBridge Expansion
The National Lottery Heritage Fund15/03/2018£571k"Common Ground: Inspiring and equipping young people to celebrate their cultural and natural heritage"
UK government21/06/2017£830kNational Portfolio Organisations
The National Lottery Heritage Fund10/02/2011£23k"Festival City"

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with NORWICH ARTS CENTRE LIMITED.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
NORFOLK AND NORWICH FESTIVAL TRUST£1.9m£80,001 - £90,0001above—no doubt
NORWICH ARTS CENTRE LIMITED FY2025£1.1m—0unclear—no doubt
FREEDOM FESTIVAL ARTS TRUST FY2025£747k—0below—no doubt
NEWCASTLE ARTS CENTRE TRUST LTD FY2025£175k—0unclear—no doubt
Culture& Arts and Heritage FY2025£523k—0unclear—no doubt
NORTH NORFOLK MUSIC FESTIVAL FY2025£111k—0above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.