1、Annual Report 2023 North European Oil Royalty Trust ATTENTION:PLEASE RETAIN CRITICAL TAX INFORMATION ENCLOSED The Annual Meeting of North European Oil Royalty Trust will be held on Wednesday,February 21,2024 beginning at 11:00 a.m.EST via Zoom link as further detailed in the box immediately below.Th
2、is will facilitate the participation of any interested unit owners.All unit owners are welcome to attend.Unit owners are urged to vote by proxy in the manner provided in the proxy card.Table of Contents Report to Unit Owners.1-2 Description of Trust Assets.3 Managements Discussion and Analysis.3-7 C
3、ritical Accounting Estimates.8 Report of Independent Registered Public Accounting Firm.9-10 Financial Statements.11-12 Notes to Financial Statements.13-15 Disclosure Controls and Procedures.16 Internal Control over Financial Reporting.16 Trustees,Administration,and Important Contacts.17 2023 Tax Let
4、ter(Removable).18-21 IMPORTANT TAX INFORMATION For your convenience,the information necessary to prepare your 2023 tax return is included in the removable“2023 Tax Letter”on Pages 18 through 21.Please note that there will be no separate mailing of the tax letter.The 2023 Tax Letter is also available
5、 at the Trusts website,.Unit owners are welcome to participate in the annual meeting and ask questions during the question period by using the following Zoom link,https:/us02web.zoom.us/j/86407642473.At the start of the presentation,you will be muted.At the start of the question period if you wish t
6、o pose a question,please click on the“Participants”button at the bottom of the Zoom screen.A window will open to the right.Click on the“”at the bottom of the window and click“Raise Hand.”You will then be called on to unmute yourself and pose your question.-1-Report to Unit Owners:FOURTH QUARTER 2023