ALDGATE FREEDOM FOUNDATION UNAUDITED TRUSTEES, REPORT AND FINAP4CIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 RPG Crouch ChIpM LLP Chartw•d AccoLsntsrts & St•tutoryAu(Itor 40 Gr•c•church Streét London EC3V OBT
ALDGATE FR55OOM FOUNDATIC•I CONTEifrs R•f•r•n¢• •nd athlThl•trntlv• d•¢dkn of th• Ch•rfty. ha Tru•t••• •nd advts•r• Ind•p•nd•nt •x•mln•f• r•port Stat•m•nt offtMnGW athld•• •knnc• •h••t NO tt+ th• flnaThcl•l •tatwN•nts 8-16
ALDGATE FftEEDOII FOUNDATION FOR THE YEAR ENDED 310ECEIIBER 2024 Tru•t• H L M J¢Th8. Ch CJ(x L J0rg•n8on l MulGah•y D T R6gl• P Sasfnour A l<ntyAe• L Hay81 Charfty r•gl•t•v•d numb•r 207048 prtndpd olllc• AklgJt• London EC3N 1A8 Cl•rk tr• th• TN•t• D819 Fln•n¢lal Offl¢•r MAPnn ank•r¥ •nd Inv••trn•nt M•n•g•rn CAF Ltd Kkng• Hlll W••t Mdlkno ME19 4JQ •tor Hou 85 Qu••n kfjctcm Str••t Lond( EC4V4Er Black Rod( Invo•tsn•nt M•n•llrnt (UIQ Umltsj 12 Throgmorb)n A¥•nu• EC2N 2DL 1nd•p•lld• Examln•r J•rnmy FCA RPG Crouth Ch•pm•n LLP EC3V 08T
ALDGATE FREEDOM FOUNDATION TRU8TEES' ft£PORT FOR THE YEAR ENDED 310ECEIIBER 2024 Tha TTUJt•68 wnl tholr rfjport and lh• finw7Gio18tatements of th• ¢h8rity for tha year ended 31 Dooember 2C24. The finonci818t8t•mMts hve beon pr¢p•red in ac¢ordan the accounting polk1 s•t >Jt in Notè 1 to th• Bccounts and ¢ompty th th• Charity16 trust d8&Js. th• Charttlo8 Act 2011 and Ac¢ounbng and Reportlng by Charity. Statomenl of Recommendéd Prndl¢8 aFF41caè tr) charltu preparing thoir aLrount• in ecKord•nce with Ihe Finan¢ial Reporting Standard •pplicable in th• UK and RepubNc d lrn18nd publlsh•d on 16 July 2014. The Tru6tsg1 confimi th•t thè Charity Ccfnml8sion' g8ner•l guidonce on pubSc benefft h85 1)•an con•bder8d in rnlauon to the akn• of tho chwrty. Th• r•pt out th880 awn¥ •nd oty'•cllveB and dv8crlb88 how Ihay have beon met in the r. In F4rticuhr, thé Charity h9• prOded SIgncant Tel1 from povoty by wpporting 1nd1vidua and organl•atton• in the Freedom port of tha Parlsh of St Botolph Aldgate ond rt4 vionlty. 8TRUCTURE. GOVERNANCE ANO MANAGEMENT TnJ•t•e•' Sl•tem•nt ol R0•ponbHIty In Relation to th• AUnt The Tru•te•• om MpOnbIe for wep•ring the TNsl•ts' Annu•l R•port •nd th• fln•nclAI •tatem•nts In accordanca wlth applicsbl• law and United Klngdom Paxwnllng Stand8rd8 Iunlted Klngdom GonernltyAwtgd Accountlng Pr•¢tiM). Thé lthi •ppmblè to ¢•Tbti•• In Enqland ond WlM rwulw lh• 1rult• to prnpwe fvwndal •tAtn•nt• for oach fln•ncial yoar which giv• • tru• 8nd falr VI of th• •tst• of off•lrn ol the r•rfty ind Of th• Incomlnq r••ourc•8 •nd app1KatI ol r••ourc•• of th• ChAty foi th•1 Kwh)d. In prydnq th•8• ffinan¢l•l •1otom•nts. th• tru8to8• Iro requir•d ID.. • •ult•bl• ac¢ounllng po4u•• •nd th•n th•m connty. obsorv• the m•thodi •nd windples In the Chwltle• SORP: make ludgm•nts •nd e¥tr"m8t•i th •re rna•on8bl• And prud•rt •tate wheth•r •pplrable •G¢ountin9 •tsndgrd• hove bmn fall¢Av•d, •uW•ct to Iny mat•rl•l d•p•rtur•• dl•do8•d and exploln•d In the financ1 •t•lemMt8', and pr•pare the financlal •t8t•m•nt• on th• going c¢ne•rn b••l• unl•M IMpproprf•t• to pr•sum• that th• eh•rlty Mnlinu• In IMlne••. The Tru•t••8 ar• r•ondl>h for kng prvp•r r•cryd• thal diBckJ•• wth r•••On•b Kcurw •t any ttme the flnandal FuRion of tha charlty d •n•bl• them to onJur• that tho fin•ncial •tat•mgnts ¢krymply with tho Charflm *£t 2011, the Ch4rty (Account• •nd R•port•) R•gul•tw8 2008 •nd tho prov4•lons of thé trust de•d. Thvi ar• re•ponbI• ts Jofeguordlng the •wts of Ihe th•rity •nd ho lor tsking rM•onabl• •t•p• for tho prev•nlon and dot•ctK>n ol frnud and othw trr•BularltieJ. Confjthllon Tha Foundatlw h a reg1•tw th@ty, nUrnr 207046, with B wnclpal •ch•m• datsd 23rd F•bru•ry 1891, msxlrN•d by th• Charity Comml8iron in 1936, 1969, 1971, 1979 and 2011. ORGANISATION AND MANAGEMENT TN8te Tho Tru8tees who 8ODMd durng the year arn li•t•d on page 1 R•f•rence and Admini)trve InfornMt40n. Tho Revd. L Jorg•n8•n 18 eXclO as Rector of SL Bot0¥4thoUIA1dll8ts. Mr5 A and M8 P S•ymour ore al80 ex-offlcio a• Churthwwden's of SL BO-tout41gal8. other TN8tses are appoint•J for four yearn. Prye2
ALDGATE FREEDOM FOUNDATION TRUSTEES. REPORT (COIrnNUED> FOR THE YEAR ENDED 31 OECEMBER 2024 PrInpAI oThy1 Clerk to th• TruBe•'. Firwicial Offiw. Dawn BloY Mkha•l Sonn CHARrrY OBJECTIVES, ACTMTIES AND AREA OF BENEFIT The v•6 of befft mean$ the Fr•8dom port ol th• P8rS8h ol Sl Botow Al&Jat• and thè wdnlty thereof provldod th•t thi$ dots not •xl•nd bInd the bwn0ari of the Port6oken Word of tha Clty of London las dètsmilned from tim• to tlm•). Th• obl•cts d the thorfty •rn, for th• wbllc bf4 Tha rell•f of pov•ty in My w•y the ff( Inckl th• pro44•kn of flnAnclal to indlviduall or rAgoniOn5 (Indudlng chwitl••) who r•8id•nL employed orlound In tho of nefil. To c¢ntrfjbuto to th• maintaln5ng In wdor •nd cr of the churchyJrd idlolning the p•rl•h thurch of St. BotpIVIlotA1d941a io lonq •0 tt r•m8ln• opon #p•x for th• u¥e ofthe publ Th• Tru•t•M m••t ryjlaty durlng the and th• vnt••T• who ¥U•t• tha ocUvlU•• of the Charlty, Th• Tru•tM• contlnu• worklnq to de¥•lop th• work of th• Ch•rty •nd •upport for the M•ty In h •r•• of b•n•fiL ACHIEVEMENfs AND PERFORPMNCE Thé TnJ•t•e• h•v• lIn•d to m•ke grwts lo tnthldu•l• ¥vlng in po¥•rty. Th•y h•v• •l•o m•d• grnnts I •upport tho woth of SL BotoW'NYlthout.AJdg8te and a¢tlvltiu fty lon dthn• In th• am• of b•n8fft. RESERVE8 The charlty curr•nty kncur8 ¢harlt•ble expwthure in of Its annual Incom• and Ie a mult hold8 unro8trlct•d fvnd• In •xc•u of it• wnu•l expendUre to facllrtats lh. Tha Tru•tow h•ve •gmd 8 pollcy to retain ¥uch he as18 prvd•nt lo gllow lorlutur• VIen4]it. Th18 pollcy h r•vlth¥8d • regular ba8. At th• yèar •nd. free r01¢• wnount•d kn £544,883 {2023.' £547,824}. INVESTMENT POLICY The Endowm•nt Fund reye•ént8 the origln81 Wu•ot8 togeth•rwth the rnolisod and unr•ali8ed gains or rldng ftom Iht investrnent as•at Inv4•knonl o•Mts are hek4 in c(mrn( inve8trn•nl fundi rn8naged by CCLA Invesknent Manag•rn•nt Llmited (CCLA) arKI Blad(Roc Investrn•nt Man8gom•nt {UK) Limlted. Th• Inv••tment •tr•tegy b 8et wthin an ovw•n polry that •tats• th•t the Endvhryn•nt Fund iti lo be invo¥ted in and m4dium ri4( invèsim•nts wlth th8 arn bemg lo pr•8erve tho r•01 v•lu• of Ihe Endvwment Fund. The 8•1ocl•d fund$ ensure a 8pr•ad of rigL aim to m•ntsin the lor&4•nn vdu• of the endthYm8nt and wovid• incL¥n• lor the n•ods of grant rnaking. The Tru•tees pay duo rngwd kn the ethi¢•l Inveglment pollci88 of th• fund monagern. The porformw. both li t8Tm¥ cl kncome aThl wtyi, has been much In In• ilh Trust¢¢s' expectation& Page 3
ALDGATE FREEDOM FOLWDATION TRUSTEEV REPORT (CONTINUÉD FOR THE YEAR ENDED 31 DECEMBER 2024 FINANCIAL REVIEW In 2024 net •xp8nditurp amountsd to £23.370 (2023.. È96.157) bofor• inv68trnt8. The ovornll 8urplu$ for 2023 wao £39.562 (2023.. £115,432). RISK MANAGEMETrrr The TrustM• •M S•¢d wlth the proc• that hw• bw Mtsblr•h•d to th• rl•k• 8•8tsi•knl with th• m•lnt•n•nca ol lh• and grant gmng, wlih tho 8t•p• t•k•n lo mtyat• axpo8Ln to them. Th• m•ln fom of fln•ncwl rl•k faced by Charfty b th•t of vol•tilty In •quty rnarket• •nd Knv8Stment m•rket• du• b) wider economlc conértknl. the attltude of inve81orn to Inv10 r10 and t•ngM In Mntim8nt eoncxning equitie• and thITr p•rticul•r ••ctor4 c wIA•¢tc PLANS AND FUTURE PERIODS Cufrnnty th•rn arn no l•n• rel•tr 10 fiknjrn p8rlods that ha a *nffk•ftt Impad on tho dl•tiibutsbl• r••erv•• of the chorty. Th• Ch•rlty continue• tt• work wlthln th• gwr•phl(xl •ru Mt olrt In Ihe oblts. ty ord•r ol memb•rn ol tho bo•rd of Tru6too• •nd •lgn•J +Jn thelr b•h•ff ty. (Chalr of TN•t• Dato; Page 4
ALDOATE FREEDOM FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Ind•p•nd•nt •xamln•V• rnport to th• Tnxt•M of Aldg•t• Fbwdom FouThdatlon h• Charf I ropDrt to tha Truth¥ on my •xamln814)n of the accounts of tho Chwlty for tho anded 31 Dacambw 2024, ft••pon•lbllltl•• •nd b••h of r•port tho Tru•toe• of th• Chty arn r•wslbl• for the wep8rnkn of tho accounts Hi accordanu wth the roqulrement# of the Chavitle• hd 2011 Ilh• 2011 W. I r•pgrt In r•8P•Ct of my •YAmln•lkn rf th• Ch¥lV• •c¢ounts c•ni¢d out un(knr wction 145 rflhe 2011 Act and In rAryftg out my t¥omln•tion I h•w foltrAq•d th• w¥ble Dlr•ctws gr4•n by th• Ch•ri C¢vnml88ion und ction 145(5){bl of th• 2011 * Ind•p•nd•nt •rnIn• •t•t•m•nl Your attonilon Is +•n lo the f•rt th¢ Ch•rtty h•• wepar•d fv •KnI in ac1&•ne0 wth Ar¥)wntlng and ReporUng by Charttle•.' Ststement of R•c¢mmMded PrnrAk4 wlicabl• to ¢hwldei prnparfn9 their aco)unt8 In aecordan th• Flnandal Repontng Slandard li Iho UK and RopubU¢ of Irelnd (FRS 102) In pf•l•rnn to tho AC0n11n9 end Reportlng by Chiriti••.' statt ol RoGomm•nd•d Pr•¢tie• Imued on l Aprfl 2005 whith ll r•f•ff•d to In the •xl•nt r•gulion• but l)•1 b•on withdr•wn. l undernt•nd that th[• h•$ be•n done In order ftr th• Kc•unts to provth • trua and foIrM In acMrdwc• wlth th• G•nerJlEy k¢•pt•d A¢cwllng Pracik• •ff•dv• for r•wtnq yrlod• boolnnlng on cr aft•r 1 January 201 S. I h•v• ¢ompl•t•d my •xomlnatr'on. l ¢onflrn) th•t no mottorn h•v• Iwn• to my att•ntlon cnnn•cts'on wlth th• •x•min•tion gmng me c•u•e ts bdl•v• that in any matsrlal rwecL Kcounllng r•ecrt• not k•pt In ieip•cl ofth• Chorfty • r•quk•d by •eGbon 130 ofth• 2011 Act or th• •ctour)ts do not •Crd wklh tha•• rwd•.' th• accounts do not comply wlth the awlie8bl8 r•quirwnents cèneemlng th• fom and ¢ontsnt of •ceounts •et out in th• Chartti•8 &ryd R•port•l RUl•tIOn1 2008 oth•r thon any r•qulr•menl th•1 th• accounts • Iru• and f whicti i• not a matter c)n•Sdw•d u p•rt of on Ir•nd•nl I haw con¢em• Iw• Coff a¢yo88 no other mattorn In connaclion wlth th• •xominalon to attention •hould be drawn In thi• r•port In ord•f to •nabl• • propor under•tandkng of th• •cc(wnt• ts b• ruthod. Thls is mad• th• Ch•rftls Tru•ta•¥. w a boty, in xwdAnc• wtth Part 4 af th• Ch•ri11o• (A£counts •nd R•portil R•gulatkn• 21)08. My k••n undert8k•n 80 thal I mlght 8lote to the Ch•rity'• Tru8t those mott•rJ l am vequired to st•t• to thern in an Ind8pendont ex¥minels roport ond for no other purp¢J8a. To the full851 ext1 parnthd ty l•w. I do n(A %copt Of astsum• responbIlIty to •nyon• oth•rthin the Charlty and the Clwtys TruIta w a booy, for my or for Ihi8 rewL Slgnod". Datod. ?r J•r•my 40 Graa%hurch Str08t L+Jndon EC3V 08T Page 5
ALDGATE FREEDOM FOUNDATION 8TATEMENT OF FINANCIAL ACTMnE8 FOR THE YEAR ENDED 31 DECEMBER 2024 Endowm•nt Unr••trlGt•d fund• fvnd• 2024 2024 Total lund• 2024 Totel funds 2023 In¢¢yn• •nd •ndoThTh•nts from: DOnaOn• and ¢h•r inc Invekni•nt8 1Q2 86,614 102 68,ft9 Tothl Incom• Ind •ndaTn•nl• 8,716 ,716 88,It9 Exp•ndlturn on: Charttable •dviti•8 164,276 Tot•1 •xp•ndltur• 90,OM ,OB6 184,276 N•t •xp•ndltsr• b•farn n•t q•ln• o Inv••tm•nt• Nat gllln• on knv••lm•nts N•t mov•m•nt In fvnd• b•ft•r• oth•r rneognl••d 911n(lO•8•• (23.370) 123,370) f96, 157) 0,018 (23,370) (23,370) (91.141) Oth•r r•6ognl••d ga1n{lO>. G•lM on r•v•lu4tion Off a•8•t• 20,429 82,932 206,573 N•t mov•m•rt In fund• 42,303 12,941) $9,562 It5,432 R•con¢lllitlon ol fund•: Total fijndi brought forwor(t Noi rrTm0nt In lund* 1,884,040 42,603 047,8 (2,9411 2,401,864 39,862 2,288.432 115,432 Total fuff• Co•d forld 1,898.043 044,883 2.441,426 2,407,864 The Stat•m•nt rrf fmanu•l acllvlh• Indud•8 •U gth• and h)8•0• r•wnW in lh• al. Tr• not•• on 8 to 18 form pgrt of t1 finanual ItntI. Page e
ALDQATE FREEDOM FOUNDATION BALANCE 8HEEr AS AT 31 DECEMBER 2024 2024 223 Flx•d ••••ts Inv•sbMnts 11 2A36,073 2,373.141 2,436,073 2.373,141 Curv•nt •M•l• 12 1,439 29. 735 C••h at b•nk and In hand 765 31,174 Curr•nt Ilbllltl Cr•dltor•.' omounts fomlng du• wllhln on• 13 (2,451) t4•t 8uYr•nt •M•t• 8,3SJ 28,723 T¢>t•l ••••t• l•M aurr•nt lbIllI1•• 2A41,428 2,401,884 Total n•t a•••t• 2A41h26 1401.884 Ch•rtty lund• Enduwn•nt fund• Unmtrlct•d fvnd• 1,851,040 547.824 6M,883 Totsl fund• 2,441,426 2,401,864 Th• fin•nd•l •t•twnonts ¥Mr• appro¥Bd •nd authorlmd lar l•wo by th• Tnt •nd glgn•J on thalr bfth411ty. HLMJ (Ch•lr of Th• not•• on pag•8 8 to 16 fom wt oflhM• finand•l •t•tern. Page 7
ALDGATE FREEDOII FOUNDATION NOTES TO THE FINANCIAL 3TATEhlENTS FOR THE YEAR ENDED 31 DECEMBER 2024 G•n•rnl Inforniath)n The ¢harrty is a trust registered in Eng1w and Wd8•. chahty number 207046. Its prindpd a&Jress l• St-Bot01ph¥ithQtrtAjdqafy, Aldgats, London. EC3N 1AB. Tho prfmary operation of tho charlty remainod Ihal of pwety r4i•f arKI mainlenane• ol th• order •nd •8curity of tho churchyard of St-BotdptrH¥rthout- A¢Muntlng pollcl 11 D••l• of PrnP•f•Oon of Iln•n¢l•l •t•t•m•Trts The fln1181 8t•tementB havo been preporod in occudanco the Charltlm 80RP {FRS 102) - A¢wJnting •nd Reporng by Chariti••'. Stotement of R•commend8d Pracilce 8ppllfXÈtl• to charfti•• preportng thr ae¢ount8 In •cc¥ydanc• wilh the FinClAI Rop)ring St•ndard applic8bl• In the UK and ReputAic of Ir•l•nd (FRS 1021 {effectiV8 1 J•nuiry 2019). tho Flnandal Reportlng 8tpndard ppliut4e In the UK •nd R•publk of lrnland IFRS 102) the Ch•rlti•8 Act 2011. Tho th)•nciil •t8t•mwrt• y8pw•l to oiw • 'tru• •nd falf I hm d•wrt•d from thg Ch•rlth• (Attountl ond R•part•} R•guWn& 2008 onty to tho •xtent requlr•d to Prod • 'tru• Imd f•lV vbw. Th1• d6p•rture hab involved follvAryno th• Chwitlii SORP (FRS 102) In Octobor 2019 r•lh•r than the A¢countinq and R•pothG by CrItI0•. Statwn•nt of R¢oJnm•nd•d Prnctk• eff•Gllwa frDm 1 Awl 2C115 whK h•• •lnM b••n withdrv•m. AJdgat• From Foundation moéts the dnIkn ol • publlc b8n•fit ontlty und•r FRS 102. and lifjbilillw •r• Inlttalty recoqnl••d •t hi•tortcal CD•t or tr•n••ctlon valu• unl•u oth•rm itated In the rolevant ac¢ounting policy. Th• r•wUng L• GBP. Al •mounts hav• b••n round•d ta th• nMr••l L 2.2 Golng ¢one•rn The trul1• arn of th• ¢pinbn that th• ch•rity h•• •[ffidl rowv•• to malntsln rt• vnd•rMng op•rnlton• •fKI thw•for• c•n be conikl•red a goin9 conc•m for tho lor¢a¢¢able fvtur•, trrf• teing at l•Mt 12 rnonth• frwn tha date on the b•l•nce she•t w•8 •yn•d. 2.3 In¢om• Al incom• b rncognl••Y onc8 th• Chity has th•nt to the inwne. It l• prob•bkn that tho Incom• will b• rold the amount of Income rff0lv•b con be m•¥uY•d rellably. Don•tkJnfj •r• rw4nl•ed ¥than the TfU•t ha• be•n notmed in wrltlng of lth th• am¢)unt •nd eettl•m•nt d•t•. Inl•r¢8t on funds W on deF4)•il li Induded whén r•celvgble and thè OUnt can bo measured rob]•bly by ttt8 ri1, thh li nrnty nottficatran of th• Interest pald OT pable ty tha bank. 2A Exp•nd]tur• LialitIeS are r•coynlMd 88 •YllUre Os 8poY 08 Ih•r8 l& a al or CA)n8lructivg obligation e4)mmliUng th• chrt to that axpendrture. It is wob8b5e that 500m0n1 b• Tgqulrod and Ihe amount of the obli9allon can bé moasured rnliabty. A11rrlstrQtt0n co•t• ncl bwi actMk8 4in* the Tru•te8s th) nol con8ld8r attrfbuty.ng co•tJ lo partioalaraciviiw woukl be & co#t effective ex•rci8•.
ALDGATE FREEDOII FOUNDATI4 NOTES TO THE FINANCIAL 8TATeMEiirs FOR THE YEAR ENDED 31 DECEMB&II 2024 Accoufitln9 polldu Icontknu•d) 2.4 ExpandlrI (contlnu•d Qrnnts arn inided In tho ikn¢i•l StstlentI in th• whlch thèy arn agr. AM expwditur• l• ineluiiv• d [ffe¢Mrob VAT •nd li •lKMfn In the •ccount8 on 8n Kraualj ba•. IS Int•r••l r•¢•lv•bl• Int•r•81 on fidI hokl an d•pOt i• includod whon r•c•iv•bl8 and th• amount cw b• mwur•d rellgLty by th• Chorlty. thi• i• nomialty upon notificen of the int•ro•t or p•yxblè by th• inuan wlth whom tho fvnds ar• depo•rt•d. 2.0 C••h flow •t•t•m•nt Th• flnanclal •tatem•nt8 do not Ilow •t8twnent bocau•e th• ch•rty, as • •m•ll reporlng entity, 19 axempt from th¢ I•91•m•fil• lo proparo Such • 8tatemenl undor Iho Charflle• SORP IFRS 102). 2.7 knv••trTh•nl• Fixed •8•6t InY••m)e'. Inve•trnonts arn • fom of ballc flmirnJ•l In•trum•nt •nd or• InlO•lW reeffjnmd at thelr tr•nMction vdu• and •ub8•quelllly mM•ur•d at thdr falr v•lu• •1 th• b8l•nc• sh••t d•1• uilng th• doglno quotod marf(•t blé prk•. Th• •tAt•mént of financld acfvttiu Includ6• the g•in• •nd lo••eJ art•lng on r•valuitlon •KI dlwats thrDughoutth• >¥. Re•l••d Gdn• and Lomes: l Gain8 and los•u ar• tak•n ts tho St#t•mwrt of Flnanel•l A(vltl81 • th•y arim. R••ll•8d g•ln$ and lo•Jo8 on invo•trn•nts •rn ukulated 88 th• differen b•Mwn ••le• procwd• ind tholr op•ning caryng vdu• or thèir WrCha ¥alu• rf •cqulr•d •ubi•quonl to tho firnt day of the finanei•l year. Unreall••d gn& and low are G4Gul•t•d a• th• differ•nc b•twn th• f•lr v4lu• at thè year and •nd Iheir nyIng v•hA R••il8•d and unm•li8ed Inv•thonl galns ond lo•M$ are combln¢d In th• Ststem•nt of Fin•ncl•l A¢bMtIos. 18 O•btor• Trad• and oth•T d•blw w• Tecowl••J •t th• ••tUwnent •mount thir arry trndo th•wJnt off•r•d. Pr8payTn•nts are VAluod at tho •mount nel ol wry trade dIOunt• du•. 2.9 C•¥h •t bank And In hand C88h at bank and In hand Indudes c8sh wd short twm highty Ilquld knve8trnents wth a 4hort mafvrfty of thfeé month¥ or IM• from th• cl acqui01n or openiig of th8 cknpowt or MIr •ceount. 2.10 Ll•bllltl•• and fvYovl•lDn• Li•bllitlu •r• rncwlwj thero r4 ¢)Wthn at th• B•lanco Sheat dato as • result DT a past enI. tt 18 probabt• that a tran81er of oconomi¢ b•nefrt will r•quir•d in and the amount of thè 8•ttlem•nl ¢an ultrnated reliabty. LiabAili•8 are recogni8•d 8t the amount that tho charlty onticipsteo il will to the debl or thè wMunt11 ha8 r•cgtv8d 89 8dvanc•d pa>Tnents. ProviBk*ns arn me•ouNI at th• bg¥t altimate of th• amourts rwulred to 8etU• owtion. Page g
AU)GATE FREEDOM FOUNDATION NOTES TO THE FINANCIAL STAYEMepirs FOR THE YEAR ENDED 31 DEceM8ER 2024 A¢on9 pollcl•• (contlnu•d) 111 Fln•nclal In•trum•nts Apart Irom its inv8otmont8, th• charity onty hal finan)81 aM•t• And flrffjndal Ilobllitl•8 of a kind that quanfy ay baslc fln•ncK4 In•thJrnant8. 8a•ic financial In•truments ar• knitsally r•oJgniaad at trHn¥•thn vdue ond tsvntty mea•ured wt thw'r •etrJement value. 2.12 Fund •¢¢ounllng The incom• of Ihe Found¥lton is a g•nernl fund and * •xpendablo at the dlscr•tlon of the TruBt•08 In ftth¥f•nce of th• oty•cts ol th• FoLFndfjti. AMUlat¢d Inceme i• r¢prwented by the &cMlated come Inveslrnent• in fad as8et• and th8 nel curr•nt Uaats ol lh• FOUndjOn. Und¢strlbut•d Incomo nd re•lwd and unrn•llied g•n• •rn in¢kthd in the •ccumuhted income acc(¥Jnt. The P8rrnan•nt EndtrAin•nt fund cornpriM• th• orf91n cWlal lund, •NI gain• th•r•ts, a8t•b116hed to Income for gr•N paants In a¢cord•nc• wilh the LJedv•• of the Foundon. The c•pital connot b• con¥•rtf•J Into InoJn•. The Fund L• r•PrOn ty the capit81 Inve8tm•nts InGlud8d In fix•d •••ets. Th• •ndtrnont and f•dl••d 9th• •nd unr•ab••d g•ln8 •r6 ry•¢Jited to th• pital •ccount InvMtrn•nt Inc¢Th. gdn• ar b•8•• w• •Jkc•t•d to lh• •pyo)rl•t• fund. Crkle•l aKoundng •tlm•t•• •nd •r•A• olJudom•n¢ In th• •IcItiOn ofth• Ch•ritr/• aec4wnthvJ clO0, ts TN•t•M rnty b• requlrod to mth• JudoomMt•. ••timat•i and auumptloni olxUt th• c•n¥ing Amount of ••Mti and Iwbiliti•• that •r• not readlly app•rent from oth•r 8ourcw. Th• thm•tes and Mwdated a88urrytion4 aro bwd Dn hhtodcal experi•nc• and oth•r factor• that •r• cOrld•re to be rd•v•nt Adu•l r•sults may dlff•r frtyn thue Th• ullm•t•• ind Urart1j •8•umptk)n •r• rnvi•8d on an th79olng ba•l¥. ReVOnI to •ccountlng mo1•8 are recognl8ed In the wrkxl In whkh lh• ••tm•t• l• r••d rf th• r•¥Won affect• only that porlod. or In • pertod of t rnvknion •nd lutwe wTiod¥ ff tho rnvllloft Affects l>)th Wfrent •nd futu riod•. Crlile•l Kcounltng OStknal¢• and uumplon•: At the y•8r ond d•to the Tru•toM h•d not any r•l•v4Trt •stlm8t•• lor which might b• n•eded In the finJn¢5 •tatsm•nt& Pap 10
ALDGATE FREEDOM FOUNDATION NOTVd TO THE FINANCIAL 8TATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2024 com• frpm don*tlon• •nd1•g•¢1•• Tot•1 fund• 2024 Tolal fvnd8 2023 fund• 2024 Cxher Income 102 102 Unv••trlGt•d fund• 2024 Totsl fund• 2024 Tot81 fvnds 2023 DId1nd incom• Int•r••t IntrJrn• e6,407 207 16A07 207 67,152 987 86,814 68,614 88,119 Total 2023 88.119 68.119 Anaty•l• of OT•nts m•d• Ornnl• to arnnts to In•thrtlon• Indlvldu•l• 2024 2024 Totsl lund• 2024 Tot81 funds 2023 Grnnl• 32,184 40,831 73,015 147.550 Tow 2023 107,7 147, The Chgdty mode the foknlng grnnts to in•lltytiorr4 durtng th• •r. Page 11
ALDGATE FREEDOAI FOUNDATION NOTES TO THE F114ANCIAL 8TATEMEpirs FOR THE YEAR ENOED 31 DECEMBER 2024 aty•h of gr•nl• m•d• (contlnu•d) 2024 2023 of In•tliudon St Brth'• Churchyarcl M•lnt•nwce st 8ottlph's M8intwance & D•v*nent St Botdph'8 Rectorn fOnary Fund st Botolph's Commumity Choils Port•ok•n W•rd Club forThrM Scth Cb Winpw Gald•n 4Jdle• Chriskn•o Pantomim• ChIrop Clinic OtsJp8thy Clinic Rdl•l In Na•d 1,000 4,000 6,200 7.000 5,280 f.500 7,50Q 1,090 3,330 1,056 32.184 107.TS0 32,184 107,750 AMly•l• of •xp•ndlluv• •)n ch•rlt•bl• 4¢tlvlU•• Pund• • Unr••lrlct•d lund• 2024 Totsl 2024 Totsl 2ff23 90,086 90,0 164,276 Total 2023 164,276 164,276 Pago 12
ALDGATE FREEDOU poLoATH)N NOTE8 TO THE FINANCIAL 8TATEIAEPn3 FOR THE YEAR END J1 DECEMBER 2024 An•ty•l• of •xp•ndttur• IV •¢tMII•• Gr•nt ndlng of •¢tlvhl 2024 support ¢o•t• 2024 Totsl fund• 2024 fvnd 2023 Dlr¢¢t ¢o•t• 73.015 17,071 g0,oa6 161,276 Total 2023 14T. 16.726 la4,2T6 An•ty•l• of •upport eo•t• rot•l fvnd• 2024 Total nds 2023 Cl•rklng •nd •dmini•tr•lton Bonk Ch•rg0• Oth•r Account•ncy and Ind•pnd•nl Exwnbw 15,000 14,LX 216 17,OTI 16,726 Ind•p•nd•nt •xarnln•¢• rwnun•f4llon 2024 2023 Fee• p•y•bl• to the Ch8rttl8 •x¥nlnor for th• INlep•ndent •X8rnlnatlon af the ChaW• 4nnu•l account• F•M p9b to lh• Charlty• knd•pend•nt •xamln•r in r••p•ct of". l oih•r leN1• not In¢0•d •b 1,850 10. Tru•t•M' r•mun•rntlon •nd •xpMM• Durfng the yeor, no TnJ•toe• ary r•mun•Mtian or thr hn•fits (2023- £NIL). Durlng th• yoar onded 31 DK•mber 2024. TN8to• •xw8e• h8va bow InttJrr&J R023- £NIL). Page 13
ALDGATE FREEDOM FOUNDATION NOTE8 TO THE FINANCIAL 3TATeMeNTS FOR THE YEAR ENDED 31 DECEMBER 2024 11. Flx•d a•••t InvM¢m•nt• Ll•tsd Inv••tm•nt• Co•t orvalu•tk•n At 1 J•nuary 2024 R•v4lU•lk4 2,373,141 61932 At 31 D•cwnb•r 2024 2h3l073 N•t baok lu• At 31 D•c•mb•r 224 2h31,073 At 31 D•¢•mber2023 2,371141 12. D•btorn 2023 Du• wlthln on• y••r Oth•r d•btorn 1.439 1,439 13. Cr•dltorn: Amounth hlllng du• lthln on• y••r 2024 2tr23 Attem•l •nd dofefred N)ciYno 1.860 2,451 Page 14
ALDGATE FREEDOM FOUNDATION NOTE8 TO THE FINANCIAL STATEPAWS FOR THE YEAR ENDED 31 DECEMBER 2024 14. FlnaTr¢lal IMtrum•nt• 2023 Fln•ncl•l a•••ts Flnandal motsurnd at folr inccM and eXpondr0 1430,073 Z373.t41 Financw •88•t• mea8urnd At tslrvalLhry though SOFA fad a•••t 10. Summ•ry af ftmd• Surnm•ry af fvnd•- ¢¥rnnt y••r •l•nM at 1 January Jl GaITr D•¢•mb•r (Lo••MI 2024 In¢om• Exp•ndltyr• G•nar•l fund• Endtym•rt fund• 647,824 1,184,010 20,429 641,883 42,603 1,896,N3 IW.864 06,711 190,086 62,932 2A41A28 Summary of fund•- prfor y•r Balanc •t 1 J•nuory 2023 31 December 2023 Gain fLos80$) Incon Exp8ndtturn Gen•MI fund• Endowm•nt fvnd• 585,2Qg 1,701,229 68.119 (164.276) 58, 780 152,809 547.826 1,851.038 2,286,432 68.119 (164,276) 211.589 2.401,864 Pqge 15
ALDQATE FREEDOM FOiWDATION NOTES TO THE F114ANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 18. Analy•l• of n•t g•••t• ble•Th fvnd8 Analy•l• of n•t a•••ts b•t¥rf••n fund• . cuff•nt pwlod Endovffli•nt Unrn•trlthd fvnd• fund• 2024 Totsl fund• 2024 Flxed a8t Inv••tm•nts Curr8nl 8wts Credrtorn dua withln on• y••r 1,898,543 539,530 7,203 (1,8501 2A36,073 7303 {1,8501 Tot•1 1,896,543 544,883 2h41 A21 Anaty•l• of n•t a•••t• tr•1 lund•. prfof p•blod Endo%wn•nl Unrpstrfct•d funds 2023 Total funds 2023 2023 Flx•d ••o•t Invwtrn•nl• Current a•••t• Cr•dit+Jrn du• vAthin rn• y•ar 1.854.038 619. 103 31.174 (2,451) 2,373,141 31,174 (2,451) Total 1,854.038 $47,828 2,401.864 17. R•l•t•d Pafty tr•n••¢>tlon• The R•ctor, And thé Church wan• aro rd•t•d p•it•• In T•* of the 1 grnnt• In 21Y24 totallng £11,78012023: £88,780) to fun •nd octtvilt•• •dminist•r•d by th• SL 8(kn1th4¥1bknutAklg•ts PCC, •• •hM in not• e. Mr H.L.M, Jone8 is a rnl•ted paty In wpoct of th• grnnt8 lo th• Thrm Scor• Club and th• Imngato Gokdan Olth•s al a rebult of hla role ai an offlMr a••i8ting in the organl•ation of •CIMO& for th• memb•r8 of the du Page 16