THE NORTON FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity holds total funds of £5,701,055, comprising a permanent endowment and unapplied total return. The trustees have adopted a total return investment policy and explicitly state that reserves to meet future expenditure are not required as ongoing funds are available from the endowment. The charity reported a net increase in funds of £365,580 for the year, reversing a previous decrease.
What the accounts disclose
Trustees
- ALAN BAILEYchair
- Clare Louise Hatton
- David Sternberg
- Gurandan Singh Jaspal
- JANE ANTOINETTE GAYNOR
- Louisa Hayward
- MICHAEL ROBERT BAILEY
- MRS LOUISE SEWELL
- Raj Dassaur
- Simeon Thomas Connor
- WILLIAM JAMES PUSEY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £153k | £117k |
| 05/04/2024 | £165k | £138k |
| 05/04/2023 | £159k | £473k |
| 05/04/2022 | £149k | £435k |
| 05/04/2021 | £158k | £87k |
Common questions
Is THE NORTON FOUNDATION financially healthy?
The accounts state that the charity holds total funds of £5,701,055, comprising a permanent endowment and unapplied total return. The trustees have adopted a total return investment policy and explicitly state that reserves to meet future expenditure are not required as ongoing funds are available from the endowment. The charity reported a net increase in funds of £365,580 for the year, reversing a previous decrease. Its FY2024 accounts were audited by Thomas and Young Ltd.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CORAM LIFE EDUCATION | 1 | £2k |