Norwich Freemen's Charity

Registered charity 1169460 · accounts filings on the Charity Commission register · also known as NORWICH TOWN CLOSE ESTATE, NORWICH TOWN CLOSE ESTATE CHARITY

The provision of relief in need and pensioner grants, and the promotion of education to Freemen of Norwich or their widows and daughters. Insofar as income is not needed for the above, relief in need grants, the promotion of education of those in need of financial assistance, the provision and support of recreation facilities for social welfare of those in the area of benefit.

Objects

THE COMPANY'S OBJECTS ARE SPECIFICALLY RESTRICTED TO THE FOLLOWING:-(A) HALF OF THE COMPANY'S INCOME AND PROPERTY FOR THE RELIEF OF FREEMEN OR THEIR DEPENDANT RELATIVES WHO ARE IN CONDITIONS OF NEED, HARDSHIP OR DISTRESS BY MAKING GRANTS OF MONEY OR PROVIDING OR PAYING FOR ITEMS, SERVICES OR FACILITIES WHICH ARE CALCULATED TO REDUCE THE NEED, HARDSHIP OR DISTRESS OF SUCH PERSONS AND THE PAYMENT OF PENSIONS TO THE ABOVE; AND (B) HALF OF THE COMPANY'S YEARLY INCOME AND PROPERTY FOR THE PROMOTION OF EDUCATION OF PERSONS WHO ARE IN NEED OF FINANCIAL ASSISTANCE AND WHO ARE FREEMEN OR THE DEPENDENT RELATIVES OF FREEMEN BY AWARDING SCHOLARSHIPS, BURSARIES AND MAINTENANCE ALLOWANCES OR GRANTS, IN PROVIDING FACILITIES NOT NORMALLY PROVIDED BY THE LOCAL EDUCATION AUTHORITY FOR RECREATION AND SOCIAL AND PHYSICAL TRAINING FOR SUCH PERSONS RECEIVING PRIMARY, SECONDARY OR FURTHER EDUCATION AND IN ASSISTING SUCH PERSONS WHO ARE PREPARING FOR, ENTERING UPON OR ENGAGED IN ANY PROFESSION, TRADE, OCCUPATION OR SERVICE, BY PROVIDING THEM WITH OUTFITS, OR BY PAYING FEES, TRAVELLING OR MAINTENANCE EXPENSES OR BY SUCH OTHER MEANS FOR THEIR ADVANCEMENT IN LIFE OR TO ENABLE THEM TO EARN THEIR LIVING AS THE DIRECTORS THINK FIT; AND (C) IF AND TO THE EXTENT THAT THE PROPERTY AND INCOME OF THE COMPANY ARE NOT REQUIRED FOR THE PURPOSES SET OUT IN PARAGRAPHS 3(A) AND 3(B) ABOVE:- I. THE RELIEF OF INHABITANTS OF THE AREA OF BENEFIT WHO ARE IN CONDITIONS OF NEED, HARDSHIP OR DISTRESS BY MAKING GRANTS OF MONEY OR PROVIDING OR PAYING FOR ITEMS, SERVICES OR FACILITIES WHICH ARE CALCULATED TO REDUCE THE NEED, HARDSHIP OR DISTRESS OF SUCH PERSONS; II. THE PROMOTION OF EDUCATION OF PERSONS WHO ARE IN NEED OF FINANCIAL ASSISTANCE AND WHO ARE INHABITANTS OF THE AREA OF BENEFIT BY AWARDING SCHOLARSHIPS, BURSARIES AND MAINTENANCE ALLOWANCES OR GRANTS, IN PROVIDING FACILITIES NOT NORMALLY PROVIDED BY THE LOCAL EDUCATION AUTHORITY FOR RECREATION AND SOCIAL AND PHYSICAL TRAINING FOR SUCH PERSONS RECEIVING PRIMARY, SECONDARY OR FURTHER EDUCATION AND IN ASSISTING SUCH PERSONS WHO ARE PREPARING FOR, ENTERING UPON OR ENGAGED IN ANY PROFESSION, TRADE, OCCUPATION OR SERVICE, BY PROVIDING THEM WITH OUTFITS, OR BY PAYING FEES, TRAVELLING OR MAINTENANCE EXPENSES OR BY SUCH OTHER MEANS FOR THEIR ADVANCEMENT IN LIFE OR TO ENABLE THEM TO EARN THEIR LIVING AS THE DIRECTORS THINK FIT; III. THE PROVISION AND SUPPORT IN THE INTERESTS OF SOCIAL WELFARE OF FACILITIES FOR RECREATION AND OTHER LEISURE TIME OCCUPATION WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR THE INHABITANTS OF THE AREA OF BENEFIT; OR IV. ANY OTHER CHARITABLE PURPOSES FOR THE GENERAL BENEFIT OF THE INHABITANTS OF THE AREA OF BENEFIT.

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

Causes: General Charitable Purposes · Education/training · The Prevention Or Relief Of Poverty · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£975k
Latest spending
£1.7m
Registered
2016
Accounts read
FY2026

Financial health, per its FY2026 accounts

The accounts state that the charity holds significant unrestricted reserves, with a general surplus of £1,233,336 and net current unrestricted assets of £1,586,932, which the trustees consider appropriate. The endowment fund value decreased by 8.04% to £26,937,123, falling short of the inflationary increase needed to maintain its real terms value. Despite this, the trustees report that the portfolio and asset base remain strong and well diversified.

Automated summary of the FY2026 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Accounts audited by Lovewell Blake LLP. Discloses 3 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.

Property (HM Land Registry)

21 registered titles in England and Wales held by the charity’s company or corporate body (20 freehold); recorded price paid £3.6m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/03/2026)

Total income
£975k
Total spending
£1.7m
Cost of raising funds
£480k
Reserves (reported)
£1.7m
Employees
10

Reported reserves equal ~12.5 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Investments (100% 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: 49.2% of total income — above the 90th percentile for charities its size (median 4.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: Norfolk · Suffolk

Income and spending

Financial year endIncomeSpending
31/03/2026£975k£1.7m
31/03/2025£1.2m£1.4m
31/03/2024£0£0
31/03/2023£0£0
31/03/2022£0£0

Common questions

Is Norwich Freemen's Charity financially healthy?

Per its FY2026 accounts: The accounts state that the charity holds significant unrestricted reserves, with a general surplus of £1,233,336 and net current unrestricted assets of £1,586,932, which the trustees consider appropriate. The endowment fund value decreased by 8.04% to £26,937,123, falling short of the inflationary increase needed to maintain its real terms value. Despite this, the trustees report that the portfolio and asset base remain strong and well diversified. Its FY2026 accounts were audited by Lovewell Blake LLP.

Government & lottery funding

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

FunderDateAmountPurpose
UK government01/04/2024£8kGCA AME RPA DELINKED PAYMENTS