Charfty number: 207046 ALDGATE FREEDOM FOUNDATION UNAUDrrED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 RPGCC Chartered Accountants & StatutoryAudrtor 40 GY8C8church Street London EC3V OBT ALDGATE FREEDOM FOUNDATION CONTENT5 Page R8f•r•ne• and •dmlnhtY4tlv• d•tall8 01 th• Charlty. Its Tnrnt••fj and •dv•Fern Tru*t••8' r•port Ind•pondMt •x•mln•V• r•port 8tst•ment ol fln•nelal •ctlvltl 8•1onc• •h••¢ Natw tg th• Iln•ncl*l •tat•m•nl• 8-17 ALDGATE FREEDOM FOUNDATION REFERENCE AND ADMINISTPATIVE DETAILS OF THE CHARITY. rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEIIBER 2023 Tru8t••s HLMJone5 C Jones L Jofgensen l Mulcahey D T Regis P Seyinour A KnovAes L Hay88 {appomted 21 June 2023) Charfty rogl•tsr•d numb•r 207048 Prlnclpal offl¢• St. Bot0￿h-Wlth0￿l-A￿jty0 Atdgate Lond EC3N 1AB Cl•rk to th• TruAt• D Bigsby Fln•ncSal Offlc•r MASonn 8ank•rn and Inv••tm•nt M•n•g•r• CAF Bank Ltd 'ng$ Hill West Malling Kent ME19 4JQ CCLA Invslment M8nagwn8nt Linil8d Senator Hous 85 Que•n v￿1￿.8 Strèat London EC4V 4ET Black Rock Inveslmenl man￿0m￿l {UK) Limlted 12 Throgmorton Avenue EC2N 2DL Ind•p•nd•nt Ex•mln•r Jeremy Tyr￿11 FCA RPG Crouch ChawBn LLP 40 Graceehurch Street LondLN) EC3V OBT Page 1 ALDGATE FREEDOM FOUNOATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 CECEMBER 2023 The Tru8teo$ present their rewt and the financial sialements of the Chanty for the year ended 31 December 2023. The financial statement5 have been prepared in accordance with the ac£ounting policies s81 out in Note 1 to th8 accounts and compty with the Cbarills trust deeds, the Charities Ad 2011 and Accounting and Repo￿ng by Charities.. Statement of Recommended Practice ap￿ICable to charities preparing their 8ccounts in accordanea with the Financi81 Reporting Standard akvIK*Ae in the UK and Republic of Ireland published on 16 Juty 2014. Tha Tru5t8es confimi that th• Ch8Iity Cmimission's general guidance on put4ic benefit has been considered in relation lo the aims of the charity. The report sets out Ihesa aims and ctjjectives and describes h¢)w they have been mèt in the year. In parbcular, the Chority has provided signrficant relief from povety by supportin individuals and organi8ation8 in the Freedom part of thè Pansh of Sl Botolrth ￿gate and its vicinity. STRUCTURE. GOVERNANCE AND MANAGEMENT Trustees, Statement of Re8PLW151ts'lity in R￿at￿n to the Acc￿nt The Trustees are respon8ible for pr&paring the Truslees, Annual Report and the financial 8lat8m6nl$ in accord8nce wrth èpplicable IÈW ond United Kingdom Accounting Standards Iunittsd Kingdom Generalty A￿pied Accounb'ng Practice). The law appliGable lo charities in England aThJ Wales requires the trustees to pr•pare financial statements for each fin8ncial year %thich grve a true and fair wgw of the state of affairs of tho charity and of thé Incoming resources and apF4icalion of rex￿r¢•8 of the chaiity for that wriod. In preparing these financi81 slal•menls. the trustees are requirsjd to.. 8•18ct suitaLrt• •¢counb"ng polioos 8nd th•n awty them con8islenlly', gbserve tha methods and principlès in the Charities SORP., make judgments and esl*nale3 Ihal are reaJonable 8nd prudent.. stale whether applicable accounting standafdg have txen foll¢y•ved, wbject lo any material departures disdosed and explained in the financial Statements." and prepare the financial stalemènls on the going C￿cern ba￿3 Ltnles? it is inappropriate lo presume that th8 chority will continue in business. Th• TnJ$l6e$ or• r¢spon#1b￿ for k••ping proper accounbw r•cords that disclw with rw¥on8ble a￿￿racY al any limo the finoncial po¥lion of Ihe charity wd enat4e them to ensure that the financial slotemenls comply wth the Charities Act 2011, Ihe Charity (Accounts and Rtyortsl R9gulalions 2008 gnd the p¥ovision8 of the trus1 deed. They are a180 re8ponsible for safegu8rding the assgts of the Charity and hence lor taklng r8a8on8bl• slepg for the prevention and detsclion of frgud other irregularth'es. Constltution The Foun¢alion i¥ o registered chanty, number 207046, with a principal scheme dated 23rd Fèbruary 1891, as modffied by the Charity CrmnIss￿n in 1936, 1969, 1971. 1979 and 2011. ORGANISATION AND MANAGEMENT Trustees The Trustees who 8eNed during the year a￿ list￿ on pagé 1 Rèfèrence and Administralive Infornialion. The Revd. L Jorgensen is ex-offieio as Rector of Sl. 8¢?to￿tr￿lI￿QUt-AldgOte. Mrg A Kno￿4 and Ms P Seymour are also ex￿th￿l0 as Churthwarden'¥ of SL BotOlF￿cv1￿l￿3te. Al other Trustees are appointed for fc)ur years. Page 2 ALDGATE FREEDOM FOUNDATION TRUSTEEW REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Prlneipal OfNeers Clark to the Trustee6'. Finanrial Officer.. Dawn Bigsty Michael Sonn CHARITY OBJECTIVES, ACTIVITIES AND AREA OF BENEFIT The are8 of benefit means the Freedom part of the Parish of St Botolph Aldgate and the vicinity therèol provided that this does not extend beyond the boundaries of the Ptsrtsoken Waré Df the City of London las datèmined Irom time lo timel. The obleds of the charity are. lrdeT and secunty of the churchyard adjoinirvj tha p8rish churth of SL Botolph-Withoul-Adgate so long as rt r￿aInS an open space for the usa of the public. The TnJ8lees meet regularly during the year and are the voluntsers sustain the activities of th8 Charfty. The TruJt•¢s ¢onbnu• working to d•vekp the work of the Ch8rlty and 6UPPQrt for tha naety In the •r?a ol bene ACHIEVEMENTS AND PERFORMANCE Thé Tru8t8o9 hav• continued to make grants to 1ndM￿a￿ Imng In povwty. They have a180 made grants to support the work ol St. Bololph's4vilhwt-AJdgale and aclivities for senwJr ciittens in the area of benefft. RESERVES The chsrlty curr•nlty Ineurg Charrtab￿ •yndrturè Hi •x¢esg of rts annu81 Ir￿orne ond Js a result holds unrestric¢ed funds in excess of Jts annual expendtture lo facilitate thi8. The Trusloès have agreed a policy lo ralain such free reserves as is prudent to allow for future eventualitiès. This ptslley is rèviéwed on a regular bgsis. Al the year end, free re8ervvJs amounted to £Y7.82612022'. £585,203). INVESTMENT POLICY The Endowm•nt Fund reprewnts the original boquesls logeth•r wrth the realised ar￿ unreali$•d gain8 or losse8 arising from the investment assels. Investment ass8ls are held in common investment funds managed by CCLA Investment Managernent Limrted ICCLAI and BlackRock Investment manage￿￿1 IUKI Lirnited. The in￿$1m￿lt stratogy is set withln an overam Oicy that sLile8 that the Endowmént Fund is to ￿ Invèst6d in low and mediurn risk investrnenls wrth the awn bging to preserye th8 Tral value of the Endowment Fund. The selected funds en$ure a Sp￿a4 of risk, aim to maintan the long-lem value of the end¢)wment and provide income for the needs of grant making. The Trustees pay due rogaid to the 8lhic81 inv8stment policies of the fund managers. Tho performance, both in terms of income and grovAh, has been much in line with Tfuslee8' expectations. Page 3 ALQGATE FREEI)OM FOUNDATION TFiUSTEes' REPORT (COKflNUEDI FOR THE YEAR ENDED 31 DECEMBER2023 FINANCIAL REVIEW In 2023 n81 expenditure amounted to £96,15712022'. £30.2511 before gains on investrnenls. The overall 8urplu8 1012023 was £115,43212022 a deficit of £287.646). RISK MANAGEMENT Th• Tru$lw af8 sati8fl•d tho procedures that have been established to review thè ri8k8 a$80¢iatoJ with the maintenance of the endowment and grant giwng, and wrth th8 slops taken to nwligate expogure lo them, The man fom of financial risk faced by the Charty is that ol vc43ts￿fy in equlty markots and investment markets due te widef economic conditi'ons, th8 attitude of inve$loTfj lo investment risks and changes in sentiment ¢onc•rnlng gquiti•s and wlthin particujar sectars or SU￿Se¢l01$. PLANS AND FUTURE PERIODS Reference was made in the prior yearfs finanaal ststements that the Trust￿$ had approv8d a grant application from St 8ololphs Church totaling £72,620 l￿WardS the costs of the new kitchen and ioilel facilities in the major refurbi8hment boing undertaken by the Church. This was finamy setuèd in thè sum of £75,WO on 15 December 2023, and ihi8 was the main reason lor the undetyng deficit in the year of£96.157. Th• Charity continues its work ¥wihKI the geogra￿￿31 •f¢a sel out in the Obje(ts. Approved by order of the member8 of the b08rd of Truste•8 and signed on thwr behalf by: Trustee Dale.. Page 4 ALDGATE FREEDOIA FOUNDATION INDEPENDEKf EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Indvpondont •x•min•rf• report to th• Tru•t•u of Aldgats FrMdom Found•tion (Iho Charlty) I raport to the charity Tnjslees on my examination of the accounts of the Chanty the year ended 31 Docember 2023. R￿ponSIbIlItI•$ and ba•lo of r•port As tha Trustoes of the Charity you are reSP)n￿blO tha preparath'on of the ac£ounts in •ccord•nu with the requir￿entS of the Chantiè6 AG* 2011 (kne 2011 AI*). I report in re8pect of my eKaminat￿in of the Charitls aG¢ounts ¢arried out under Section 145 of the 2011 Act and in carrying out my examination I have fOlkJ￿1 tha applutle Directions •ven by the Chartty Commission under section 145(5llbl of the 2011 Act. Ind•p•nd•nt •x•mln•rf• •¢•t•m•nt Your att•nb'on is drawn to the fact th•1 the Ch8rty ha¥ prepared the accounts in accordance with Accounting and Reporting by ChaNties'. Statement of Recommended Practi￿ applicable lo charitses prép8rino their acctsunts In 8¢cord8n¢e with ihe Financial Repo￿.n9 Standard applic8ble in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charilieg.. Statement of Recommendad Pfactlc818su6d on 1 April 2005 whiGh i¥ relorred to in the oxtanl reguth'ons Lwjl hgs been wrthdfawn. l understsnd that this has been done in order for the accounts lo wovido a truè and fair viaw In ac¢ordancè wlth the Gènérally A￿epted Accountsng Praclice eflectNe for rePo￿"n9 penod8 beginning on or 8ftw 1 January 2015. I have completed my examination. l ¢onfimi that no matters come to my attenll¢n In connection wth the •xamin8U"ors giving me cauE• lo beliwe that In any matenal respec*. accryJnl'ng reccrd5 were not kew in respect rf the Charity as required by 5gction 130 of the 2011 Act., or thg a¢¢gunts do not accord with those roctyd¥.' or th8 gccounts do not comply wth the awublè r￿U1ramentS concaming the forni gnd content of acwunl8 Set out in Ihe Charilies (Accounts Report81 Regulations 2008 olher than any requirement that the account8 give 8 'lrue 8nd fairf vlew whth is not a matter C•)nsklered as part ol an independent ex8min8lion. I havo no eoncém8 and have coma acmss no Ot￿r Matt￿ in connéction with th• éxaminallon to which attenlion should ￿ drydwn in this report in or¢ler to enaL4e a proper understanding of the accounts to be reached. This rewt i¥ made ¥oldy to the Chwtys Tru$lee$. 8¥ a body. in acwrdgnrE wrth Port 4 of the Chgrilies (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale lo the Ch8ri1l9 Trustees those matters l am required to slate lo them in an independent e¥aminerfs feport and for nD other purpose. To the fullest extent pèmilled by law, I do not aceept or assumè responsibility to anyon6 othar than the Charty and the Chews Trustees as a W, for my work or for this report. Signed.. Daled. o"I Jeremy Tyrrell FCA 40 Gracethurch Street London EC3V QBT Page S ALDGATE FREEDOM FOUNDATION STATEMENT OF FINANCIAL ACTIVMES FOR THE YEAR ENDED 31 DECEMBER 2023 Endowmenl Unr•strfGt fund• fvnd• 2023 2023 Total funds 2023 Tot81 fvnds 2022 P401• Incom• •nd •ndowm•nt• from: Donations and legacies Investrnents 68 63.316 68.119 68,110 Total incom• and •ndowm•nts 68,119 88,119 63,384 Exp•ndltur• on: Charitable xlivitie8 164.276 164.276 93.635 Total •xp•ndltur• 164,276 164,270 93,635 N•t •xp•ndltur• b•forg n•t galn*l(l￿$Ml on Inv••tm•nt• Nel gainglllossesl on investments N•t mov•m•nt In fund• b•forn oth•r r•cognlMd gaIn￿lI0￿MI {96.1671 6.016 {96,157J 5.016 130.25tJ (22,257J (91.141) (91.1411 (52,502) Oth•r r•cognl••d qaIn￿(lo••￿I. Gainslllossesl on revaluation of fixed •sseti 161909 53.704 206,673 (235. 144) N•t mtsv•m•nt In fund• IS2,809 137,3771 116A32 (287.646) R•concllS•tlon of fund•: Total funds brought forwar Nel movement in fvnds 1.701.229 152009 $95.20) 137,3771 2,286.432 116rt32 2,574,078 (287,646) Total fund• cath•d forwanl 1.854.038 547.826 2,401.864 2,286,432 The Stat*nent of financi81 activibe8 indudes all gain8 8nd108ses rewnised in the year. Th• notes on pages 8 to 17 form part of these finall￿31 statements. Page 6 ALQGATE FREEDO•A FOUNDATI￿4 BALANCE SHEET AS AT 31 DECEMBER 2023 2013 2022 Flx•d 4H•t Investsnenl$ 2.373,141 2,227,552 2.373,141 2,227,552 Currnnt as••ts D8btors C88h 81 bank and in hand 12 1,439 29,736 1.392 80. 788 31.174 62.180 Creditors.. 8mounts tslling duo within one yèar 13 12.461) (3.300) Not currnnt as••t• 28,723 58.880 Total a•••ts IM• curr•nt Il•bllttl 2,401,864 2,286.432 Total n•1 ••••t• 2.401.864 2,286,432 Charfty lund• Endowment lund8 Unreslricled funds 15 15 1064.038 647.826 1, 701,229 585,203 Total fund• 2h01,864 2,286.432 The financial 8ts1em¢nts w¢r¢ apwoved arKI aLthoriBed ftjr iJJ•uts by tho TN8ta88 and 8lgned on lh￿'r b•haM by.. HLMJone• Ip l.It> Dale.. Th• notes on pages 8 to 17 fom part of Ihese finanual statements. Page 7 ALDGATE FREEDOII FOUNDATION NOTES TO THE FINANCIAL STATEMEiirs FOR THE YEAR ENDED 310ECEPIBER 2023 G•n•ral Inforniallon The charty is a trust registered in England and Wales. charity number 207C46. Ils prindpal 8ddre5S IS st.-Botolph4vilhout-Aldgate: Aldgale, London. EC3N 1AB. The primary operation of the charity romained that of povety felief and maintenance of Ihe order 8nO security of the churchyard of St-Bololph-wrthout- dgat A¢countlng poNcl•• 2.1 80811 of pr•p•r*tlon of flnanclal •t•t•mont• The financial stslements have been Pfepared in accoidance with the Charities SORP IFRS 1021 Aceounling and Reporting by Charitses". Slalement of Reeommended Practie8 applieabl$ to ch8ri1iei preparing their accoynls in a￿ordar￿e with the Fin￿ry81 Reporting Stand¥d applicable in tho UK and R•public of Ireland IFRS 1021 l•ffectiv• 1 J8nu•ry 20191. the Financiol Reporting Standard applicable in the UK and Reput￿lC of Ireland IFRS 1021 and the Ch8rilie8 Act 2011. Th• ffin•ncial statements have been pryred to gNe a Iwe and fairf view and hgve departad from the Charities (Accounts and Reports) Regulètsons 2fyJ8 only lo the extent fequired lo prov￿0 a 'lru and faiT' wew. This departure has involved foknmng the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Rèport¥ig by Charitie$'. Slalemenl of Recommended Practic¢ effe¢tlve from 1 Aprll 2005 which ha• 8ine• ￿thdraWn. Aldg8le Freedom Foundatwi meets the definltim of a put1￿ bènèfit ontity urKlér FRS 1 D2. Ass818 and li8bilities aro inlti&ty rècogni8trJ at hilton￿1 cost or trans•ction value unles¥ olherwge ¥10ted In the relevant acwuntng policy. The reporting curr¢nw 1$ GBP. All amounts f*ave been rwn¢Jed lo the near¢$i £. 2.2 Golng concern The trustee$ are of the opinion that the charity has suffi'uent reserves lo maintain 11$ underfying operation8 and therefcre can be conshlered a going concern for the foreseeoble future, thi$ being at leagt 12 m￿th$ from the dale on which the balance SI￿et was stqned. 2a Incom• All income 1$ r￿QgnIs¥d once the Ch?rrty has entiilement to the income. il is probable that the Intome will be recelved and the amunt of income receivable can be measured rèliabty. Donatk>ns are recognised when the Trust ha8 been nolifièd in wrrting of both th8 amount and settlement d810. Inte￿81 on funds held on dewsit 18 included when receivab￿ and the amount can be measured reh'ably by the chonty, thi8 is nofflialty upon n0bficats.L￿ of tt7t interest paid or payable ty the bank. 14 Exp•ndltur• Liabiliiies are recognised a5 exppndrture a5 500n as there is a legal or constructive Ob1￿JaIlOn ccrfnmitting the Charty to that expenditure. il is probable that settlement will be required and the amount of the obligab'on can be measured reliably. AdMinistrat￿n costs have not been spltt bohyaen activities since tho Tru5t8es do not con¥id•r attrijuting costs to particular *ivibe8 woukl be a cost effective exercise. Pag8 8 ALDGATE FREEDOM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Acc¢yJntlno polltl•8 {c¢￿tInU•d) 2.4 Exp•ndltur• Icontlnu•d) Grants are induded in the financial statements in thè ￿81 in whith they are agreed. AM expenditure 18 inclusive of iThecover*le VAT 1$ shwn in the accounts on an accruals basls. 2.6 Int•r•st rnc•lYabl• Interest on funds hehj on deposil is induded whèn r•e8NAbla and the amount con be measured reliably ty the Chariy. thi$ is nomialty upon notifKation of the inlere$l paid or Payab￿ by the InstitulK>n Wrth whryn the funds are depogled. 2.6 Ca•h flow •tat•m•nt Tho financial ststements do not indude a cash 81818ménl because tho charity, •$ a sm411 reporting entity. is exeiiyt from th¢ requirement¥ lo prepsre such a stat8ment under the Chari1I88 SORP {FRS 102) 2.7 Inv••tm•nl• Fixed 888et inve8tmenl$'. Investments are a fonn of basic financial initrumenl are initially recogn588d 8t th8ir tran$aGts"on vglue and subsequ•nily measured at their fair value as at the balance sheet date using the closing quolod market bid price. Tho slalemenl of finanual acliwtiey includ•8 th• nat gains and los905 arising on revaluation and disposals throughout the year. Realised Gains and Lo88es'. All gains and losses are taken to the Ststemeni of F￿anCIal Activities aj they arise. Reali8ed gains ond losse8 on investments are c8lcvl8ted as the drference btheen sèl8s proce•ds and their opening carrying ¥a￿e or their purch8se value rf 8cquired subsequent lo the first day of tho financial ye8r. Unrea115ed gain$ and losses are calculaled as th8 difference bets¥een the lair value al th8 year end and their carrying valu8. Reabsed and unrealised investment gains and losses are combined in thg Slalement of Financial Act1vrt￿. 2.8 D•lknrn Trade and other deblcvs are reccgnised al the settl¢Jmènl amount after any trade discount offered. Prepa￿ne￿I8 are v8lued at the prepaid net of any trade discounts due. 2.9 C••h al bank •nd In h•nd Cash at bank and in hand indudes cash and short 18mi highty IB4uid invesbments with a Short maturty of Ihree months or less fr¢Mn the dat8 of acqu19rt￿ or opening of the deposrt or similar account. 110 Li•bilitiM And prov181¢￿* Liabilities are recogni8ed when there bs an obliption at Balance She8t date as a result of 8 past event. it is probable that a transfer of economic benefrt be required in settlement, and the amount of the settlement can be esb"rnated reliabty. Liabi1rt￿S are recognised at the anounl that th• charity anticipates it will pay to settpe the debt or Ihe amount it has received as advanced payrnents. Provisions are measured at the be81 e8timale of the wnounts required to settle the obligation. Page 9 ALDGATE FREEDOM FOUNDATION NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollclo8 {conllnu•dl 2.11 Financial in•trum•nt• Apart from its Investrnenl8, Ihe chwty onty has ￿anCial assets and finanaal habilitios of a kind that qualify a8 bas￿ financial instnJm8nts. B*c financial instruments are wiili8lly recogni8ed at transaction value and sub8equentty measured al their settlement value. 2.12 Fund •ccountlng The income of the Foundab"on is a gener81 fvnd hnd is expendable al the discretion of the Trustees in furtherance of the object8 of the Foundation. Accumulated income is r6presènl6d by the accumulated incom8 investments in fixed assets and the net current assets of Ihe Foundation, Undislributed inm ond realised and unreall￿d gain8 are included in the accumulated income account. The Pem)anenl Endowment fund compnses the original capital fund, and galns thèrèto. éstgblished to provide income for grant paymen18 in accordance with the objects've8 of the Foundation. The cjpital cannot be rxJnverted into incc¥ne. The Fund Trs represented by the capital in￿StmentS included in fixed 8s5els. The onginal endthvm•nl real'sed 9ain8 and unrealised gain¥ are credite(I lo the PAPital account. Inve9tsnent Income, galn8 and los￿8 •r• aNocated to the •ppropriate fund. Crltkal •ccountlng Mtlmatm and 4r•M of Judgm•nt In the application of the Charity'B 8ccounling pdici•s, the Trust•e8 may be required lo m8ke ludoèm8nls, e8timates and as8umplions abwt the caffyiryJ amount of 858ats and liabilities that gre not roadily apparent from other ¥ourre$. The estimates and a88ociated a88umplv)ns are based on h181orical experienc• and other lJctOTJ thal are consid&red to bè r•l8vant A¢tuo1 results may differ from these esllmste The estimates and undetyng agsumption •ro reviewed on an ongoing bgws. Revisions to accounting e$lim8te$ are re¢ognised in the period in whKh Ihe estimate is ievi8ed rf the revision affeclg only that period, or in a period of the revision and fulure peric4Ys rf the reviwon affects both current and future perfod8. CritiG81 aC￿UntIng estimgles and 865umption8.' At the ye8r end date the Trustees had not idgnlrfml any relevwrt estimates for which a88umptlon6 mlght be needed in the financial stalemen P8ge10 ALDGATE FREEDOM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Incom• from don•tlon• and l•gacl•• Unr•8trlct•d fund8 2023 Total funds 2023 Donations Unmstrirt&d funds 2022 Tot81 lunds 2022 Donations 68 68 InvMtm•nt Incom• Unr••trlct•d fund• 2023 Tgt•l nd• 2023 Dlvidend kncome Inl8r08t Income 67,152 967 87,162 967 88.119 68,119 Unrestricted lunds 2022 Tof81 funds 2022 Diwdend income Interest income 63.003 313 63.003 313 63,316 63,316 Pag811 ALDGATE FREEDOM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analyjh ol grnnts mad• Grants to Grant¥ to In8tltution$ Indlvldual• 2023 2023 Total fund• 2023 Grants 107,7SO 39,800 147.550 Grnnls to Insttlulions 2022 Grants lo IndNitYu818 2022 Totsl funds 2022 Grants 32,302 45,750 78,052 The Charty has made the ft>lliythng material 9rants lo instituth'on8 durin9 the year.. 2023 2022 N•m• of In•tftutlon Si. Botol)h's ChUrch￿rd M•inlen•nce Sl. 8otolph'8 Moinlen8nc¢ & Devolopment Sl. 8otolph'$ Rectors Discretionary Fund St Bololph's Commumity Choir8 Portsoken Ward Club for Three Score Club Wing8te Golden Oldies Christmas Pantomime Cttiropody Clinic Osteopathy Clinic Relief in Need 1,600 79,000 1,000 6.280 7.600 7,500 1.090 3,330 1.000 I,soo 8, T80 750 7,500 9,000 3,630 t,142 107,760 32,302 107,750 32,302 Page 12 ALDGATE FREEDOM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analys1• of •xpondlturn on charttabl• actfvltl Funda spllt Unf•Strl¢t•d lund* 2023 Total 2023 Direct costs 164,276 164.276 UnrostriGlo(I fvnds 2022 Total 2022 Diie¢t ¢o$ts 93.635 93.635 Analy•l• ol •xp•nd6tur• by •cllvltS0• Grant fundlng of acllvltl•• 2023 8upport co•t• 2023 Tot•1 fund• 2023 Dlrect cost$ 147.550 16,726 164,276 Grant funding ol Support ¢osts 2022 Tot81 funds 2022 2LY22 Direct costs 78,052 15.583 93,635 Page 13 ALOGATE FREEDOM FOUNDATION NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 DECEMBER 2023 An•ty•l• of •xp•ndlturn by actl¥ltlo5 {contlnu•d) Anatysl• ol •upport ¢o•ts Total funds 2023 Tolal lunds 2022 Clerking and administration Bank Charge5 Other AccrAJntancy and Independent Exwnwiabon 14,000 60 216 2.450 13,500 81 137 1.865 18,728 15,583 Ind•ynd•nt •xamln•r'• v•mun•ratlon 2023 2Q22 Fees pay8ble to the Chgrity'$ independent examiner for ihe independent examinat￿n of the Charit*s annu81 acLwnts Fae5 payable to the Chgrty's independent examiner in respeGt of.. All other serwces not inctuded at 1.860 1,8LIO 800 10. TruIt•￿' v•mun•rntlon and •xp•n4•8 Durtng thè year. no Trustees receNed any remuneration ar other beneffts (2022- £NIL). During Ihe y￿r ended 31 Docember 2023: no Trustee expenses ha￿ b8en incurred (2022- £NILJ. Page 14 ALDGATE FREEDOIA FOUNDATION NOTES TO THE FINANCIAL STATEMEiirs FOR THE YEAR ENDED 31 DECEMBER 2023 11. Fix•d a••¢t inYè•tm•nts Llst•d Inv••tm•nts Co•t or valuatlon Al 1 January 2023 Disposals Revaluations 2,227,662 166.0001 211.589 Al 31 December 2023 2,373.141 N•t book v*lu• Al 31 Oecernber 2023 2,373.141 At 37 Docember 2022 2,22T,552 12. D•bt¢v• 2023 2022 Du• wlthln on• y••r Other dèbtors 1A39 1,392 1,439 1,392 13. Cr•dltov•: Amount• f•lllng du• wlthln on• y••r 2023 2022 Other cT8ditors Accruals and deferiod income 7,500 1, 800 2,461 2.451 3,300 Page15 ALDGATE FREEDOM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 14. Financial in•trum•nts 2023 2022 Flnanclal •ss•ts Financial assets measured al fwr value through inccrfr* and e￿ndrtur• 2.373,141 2,227,552 Finanry8183s•ts mèasurèd at lair waluo Ihwgh SOFA compris8 fixed asset investments. 16. Summ•ry of lund• Summ•ry ol fund• - cuir•nt y••r 8alanc• •t 31 Galn•l D•c•mb•r ILo••••l 2023 B•knn¢• al 1 January 1023 In¢•m• Exp•ndltur• Gèneral lunds Endowmonl lund 685.203 1,701.229 68.119 (184.2781 68.780 152,809 647,826 1,854,038 2,286,432 68,119 (164.2761 211,689 2,401.864 Summary of fund•. prlpr y•ar 8•18nce al 8018nce al l J8nu8ry 2022 G8ins/ (Lossg$J D8thgmb•i 2022 Inm EX￿ndrfurn General fund8 End￿ment funds 664,331 1.909,747 63,384 (93,635J (48,87T) (208,S18) 585,203 1, 701,229 2.574.OT8 63,384 {93,635) (25T,395) 2,286,432 Page 16 ALDGATE FREEDOM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2023 16. Analysls of net asB•ts b•tw￿n funds Analysls of net •s80ts b•lweon fund8- Currnnt yfrar Endowm•nt Unrnltrlet fund• fund• 2023 2023 Totsl funda 2023 Fixed osset inve5trnents Current assets Creditors dl￿ wthin cm• year 1,854.038 51S,103 31,174 12,451) 2.373,141 31,174 (2,4511 Total 1.854,038 547,826 2A01,864 Anafy•l• ol n•t aM•l• b•tw••n lund•- prfor y•ar Endowment Unrestricted lunds funds 2022 2022 Tot81 funds 2022 Fixed a$8et invesbmants cu￿ent as¥ets Creditors due within one ye 1. 701,229 526,323 62,180 (3,300) 2,227,552 62.180 (3.300) Total 1, 701,229 585,203 2,286.432 17. R•l*t•d p•rty ￿n•l¢tIo￿ The Rector, and the Church W8rden8 are related parties In respect of th8 four grants in 2023 1018ling £86,78012022.. £11,030) to fund5 and ortmkn'es 8(trninistered by the St. Bololph4vilhout41dgate PCC, as shown in note 6. Mr H.L,M. Jones is a related paty in respect of the grants lo the Three Score Club and the W1ngate Golden Olthe6 as o rKult of his rote 88 an offrcer 8S8lSting in the organisalion of activrf85 for the members of the dubB. ￿ring the year, H.L.M. Jones mgde no payrnent5 to any bgneficiary for which he Was rnimbursed by the charity (2022.. £2,243) Page 17