Registered charities in England and Wales
Data for financial year ending 31 March 2019
Norwich Town Close Estate Charity
- Norwich Charitable Trusts, 1 Woolgate Court, St. Benedicts Street, Norwich, NR2 4AP
Aims & activities
The Charity makes grants to individuals who are Freemen of the City of Norwich, their children and widows. These grants are for educational purposes, for 'relief in need' and for 'pension' grants. Remaining funds are used to make grants to other organisations with a charitable purpose for beneficiaries who live within a 20 mile radius of the centre of Norwich, again for educational purposes.
What the charity does
- The prevention or relief of poverty
Who the charity helps
- Children/young people
- Elderly/old people
- People with disabilities
- Other charities or voluntary bodies
- Other defined groups
How the charity works
- Makes grants to individuals
- Makes grants to organisations
- Provides other finance
Income and Endowments:
* £479.4K investment gains(losses)
Assets and liabilities
- £172.9K Own use assets
- £25.3M Long term investments
- £0.0K Defined benefit pension scheme asset or liability
- £1.2M Other assets
- £419.1K Total liabilities
Charitable spending ratios
Ratios have to be put in context. They should be read in conjunction with the charity’s financial statements on which they’re based if they are to be interpreted correctly and sound conclusions drawn. For example the accounting rules affect what can be classed as income or expenditure. Where a charity which purchases land to further its objects the accounting rules do not permit including the purchase cost as charitable spending in its accounts. Instead it is ‘capitalised’ and shown on the balance sheet. Similarly a charity that receives an endowment it can’t spend may have a lower percentage of charitable spending as a proportion of income in the year of receipt as compared to the previous year as a result. Ratios may also be affected by the way a charity operates. For example, a charity which primarily generates income from investments may have lower cost of raising funds than one which employs fundraisers. A grant-making charity funding other charities to undertake an activity will have much lower staffing costs compared to a charity employing staff to perform that activity.
Charitable spending (including governance costs) as a percentage of income and endowments received by the charity in the reporting period. Does not include planned future spending.
Costs incurred in generating income as a proportion of total income and endowments received in the reporting period. May include spending to secure future funding.
The percentage of the charity’s total income retained for future use.
Accounts and trustees' annual report
(1) ONE HALF OF THE YEARLY INCOME IN EITHER OR BOTH OF THE FOLLOWING WAYS: (A) FOR RELIEF IN NEED IN ACCORDANCE WITH THE PROVISIONS OF SCHEME SEALED 1ST NOVEMBER 1977. (B) TO PAY PENSIONS. (2) THE OTHER HALF OF THE YEARLY INCOME FOR THE FOLLOWING PURPOSES:- (A) THE UPKEEP AND MAINTENANCE OF ANY RECREATION GROUND. (B) THE PROMOTION OF EDUCATION. (FOR FURTHER DETAILS, SEE SCHEMES OF 1/11/1977 AND 10/5/1983.)
Governing documentSCHEME OF 1 NOVEMBER 1977 VARIED BY SCHEME OF 10 MAY 1983
Area of benefit
20 Mile Radius From The City Of Norwich Guildhall
Conflicts of interest
Land And Property
This charity owns and/or leases land or property.
- 16 Trustees
- 0 Employees
- 0 Volunteers
Areas of operation
List of regions