Registered Charity Number 207557 Lancelot Hasluck Trust Report and Accounts 31 December 2023 Report and Accounts
Lancelot Hasluck Trust Report and accounts Contents Page Twslees, Re1 Slalemenl of Trusl8es' Responsibilities Accountsnts, report Statement of Financial Aciiv4tles 10 11 13 Income and Expenditure account ReGognis8¢J Gains and Losses Movements In AciJJmulated Funds Balance Sheet 14 14 15 16 Notes lo the Accounts Detailed Statement of Financi81 ActilieS 24
Lancelot Hasluck Trust The Re rtoftheTr r 2023 Introductio The Trustees present their Annual Report and Accounts for the year ended 310e£ember 2023. The Board of Trustees are satisfied with the performance of the Charity durlng the year and the posltion at 31" December 2023 and consider that the Charity is in a strong position to continue its artivities during the tomlng year. and that the CharlS assets are adequate to fulfll It5 obligations. Name, Reglstered Office and Constltutlon of the Charlty The full name of the Charlty Is.. The legal registration detai15 are.. Date of Formation The Charity's Office Charity Registration Number The Lancelot Hasluck Trust 14 May 1931 32 Parkside Gardens, East Barnet. EN4 81R 207557 Ob'ectives and Artlvltles of he Charl A summaryof the objerts ofthe Chority osset out in its qovernlnq document The object of the Trust is to provide housing for persons In need who are not less than $5 years of age and who are or have been resident within the area of benefit for any period of time during the preteding 20 years. The area of benefit means the Lorbdon Borough of Barnet a5 a whole but with a preference for the former Urban Districts of Barnet. East Barnet and Friern Barnet as constituted immediately before l April 196S. Preference shall be 8iven to married couples as aforesaid. The Trustees may. in exceptional circumstantes, appoint a person who lives outside the area of benefit and has not been resident therein for any period during the preceding 20 years but otherwise is qu31ified. The Trustees must record in their minutes the nature of the exceptional circumstances justifying the appointment. The number of such appointments must not exceed one third of the number of residents at any one time. The Charity does not fLSndralse but carries out the work deslred by the Founder through careful stewardship of its invested resources and through income derived from the weekly maintenance vnient made by all residents which is set well below 50% of a commercial rent. Publlc 8enefit In pursuing the Chariws aims and objectives and in measurlng achievements and performance the Trustees have had regard to the Charlty Commisslon's guidance on public benefit. The provision of almshouse accommodation for those in need provldes an identlfiable public benefit. Beneficiaries of the Charity must be in need and are drawn from the public as defined in the governing Scheme made for the Lancelot Hasluck Trust by the Charity Commission. Appolntmentsandstalf Chonge5 At the Annual General Meeting held on 17th April 2023 Mr. P.S. White MBE JP was unanimous re-elected as Chair. The Revd. V. Fredèrick George MBE stepped back from his role as Vice-chair of Trustees and Mrs. J. Adak was unanimously elected to replace him. All three of the Trustees were also confirmed as Members of the Finance Sub-committee.
Lancelot Hasluck Trust the Trustees ember 2023 Unfortunately, after many years as a Trustee. Mrs. Brenda Sandford was forced to relinquish her role due to ill health. Mrs H. Alford and Rev. Dr. Alec Corio were co-opted to serve another five years as valued Trustees. The change of political party in Barnet resulted in a change of the Trusvs representative chosen by the London Borough of Barnet, so Councillor Tony Vourou was welcomed onto the Board. Mr. A. Tambourldes, who had served as the borough's representative for the prevlous twenty 1201 years and h3d given his expertise, enthusiasm and support to the Trust throuEhout this time, graciously agreed to the unanimous proposal from the Trustees to become a valued member on the Board of Trustees. ive and Activities of the Cl Details OA s•gnifKcnt ortivities {In¢ludlng its main proqrammes• projerts or services pmw'dedj thct contrlbute to the ochlevement oAthe stated obJe¢tlwes The Trustees endeavour not only to fulfil the terms of its governing Scheme in the provision of accommodation but also to ensure that the quality of the properties is of a high standard and such thèt Trustees themselves would in reversed circumstances feel comfortably accommodèted Sn them. As finances permit, therefore, they undertake works which will improve the living space and facilitie5 available to residents and will hopefully deliver economies in maintenance tosts. The upgrade of the Estate continued with the paths long term projeet. Remov31 of old paths from the front and back of four long stretches and replacing with firm foundations and surfaces: installing back garden steps in place of a very large unsightly concrete block; as well as repositioning of the Memorial Gardens, removing the step and levelling a bench area on the hill resLtlted in easier accessibility for 311 our residents. A brick wall on the side of one of the property's 8ardens, which had been demolished by an unknown drlver wa5 repaired and made good. The back gardens were re-seeded and new washing lines erected. In some of the front 8ardens the drOoted hiRh hedglng was removed and thè area cle3rÈd. membrane put down and thick layer of shingle plad on top, making maintenance for the beneficiary easier and more personal as their choice of pots, flowers etc can be installed. The unsightly bins were hidden by a screen which had been made from recycled decking. LeakaBe was seen outside the flats so a large drainage operation was necessary which involved excavating and repair of old pipework. Hard wiring was checked in all the properties with some remedial and upgrading issues being rertified. It was noticed during Trusteelofficer visits that some properties were showing signs of mould so the decision to instèll bathroom fans was taken and carried out. Refurbishments. including re-wirin& paintlng and new kitchen units continued when properties became vacant. One such property also needed a new bathroom and new double glazed patio door.
Lancel¢A H3sluckTTUSt The Re ortoft mb 2023 The annual servicing of all the boilers was ¢ompletèd. The annual inspertion of all the fire extillgui5hers took place by a reputable company. The exterior windows of all the properties were cleaned twice yearly by a professional team. A plaque was erected on the bench in the Mernorial Gardens in reTnernbrance of a much-loved resident who had been a beneficiary of the Trust for thirty-four 1341 years until her 108th birthday last year. The gardens are maintained by the Site Man3ger and Assistant Site Manager throughout the year. Old diseased roses were removed and the area re-designed resulting in very attractive shaped flower beds with healthy plants and healthy soil. The grass continues to be cut at regular intervals. All thls on-going work results in many positive comments from resldents and neighbours. Trustees and Officers continued to visit and were well received by the residents a5 they were able to discuss concerns and ask questions face to face a5 well as to see that the Trust is actively interested in their well-being. Once again, the Slte manager or8anlsed a coach trip to Southend-on-sea. Many residents with their relative5 and friends plus Trustees and Officers had a very pleasant sunny day. Residents. Trustees and all the Officers attended a Basic Life Support First Aid Course given by an accredited deliverer. All passed and received certification valid for three131 years. Not only did it cover essential first aid but also the knowledge and hands on experience of usin8 our own defibrillator. New policies were written and introduced. These policies were'.- Equality and Diversity Data Protection Financial Control Antl-social 8ehaviour Complaints and Conflict of Interest. Chalrnian's Rept. Annual Report 2023 The past tylelve months has seen the trLtst gettln8 back to pre-pandemic endeavours. With more face to face activities being arranged. The Christmas party was a particular success Wlth a good turnout of residents and trustees. As usuèl the Monkfrith School Choir entèrtained us with Christmas songs and carols. It is lovely to See the enjoyment they get from entertaining us. Congratulations to Richard Murravs daughter Laura for devisin& the quiz, it was a tough one, but tsvo teams tied so we had to come up with a tie breaker question. Note Aor future- Hove u tie breaker question ready. A fabulous day was had going to Southend on Sea by coach. Residents, Officers, Trustee5 and friends thoroughly enjoyed themselves, It brought back happy Tnernories for most of us. Well done Heather for organising the coach and get everything 50rted. Eileen has recently been working on the concessionary TV licences for residents. She has spent a lot of time getting peoples details and chasin8 them for the money. Many residents appreciate the $3vin8S they make from havin8 the conce551on. The Irusiees have restarted annudl Te51(ienis' v15115. We use Ihls opportuniiy io
Lancelot Hasluck Trust TheR rtolth Tru ees lor the ear l Decem check on the state propertie5, especially health and safety matters. Additionallyi we like to chat with the residents to gain their views and Ènquire about their health 3nd try to answer 3ny questbons about living on the estate. Rlchard is putting it on a more formal footing by devisin8 rota of available trustees. Not only 15 Andrew keeping the estate neat and tidy outdoors, but he is performing some decoratingjobs on refurbishing vacant propertie5. The footpath replacement project continues. The new paths look very smart and are a lot safer than the previous ones. The path leading to the Site Managers house has had to be replaced due to a broken sewer pipe that ran underneath the steps. Once again 3 blg thankyou is due to our team of employees for their hard work and dedication over the past twelve months. Elleen as Chief Executive Officer/Clerk to the Trustees, Richard as Assistant Clerk/Finance Officer Heather as Site Manager and Andrew as Maintenance Manager. They are an effective team. workin8 well together and mutking in when required. One of the outcomes of the pandemic that we have continlted with is the Wednesday morning online chat using Microsoft Team5 between the officers and me. It gives me the opportunity to keep up to date with all of the comings and goings on the estate. A number of initiatives have started from these chats. Over the next twelve months we hope to maintsin the high standard of grounds maintenance . Amongst other things, we are planning to remove some shrubs and trees that have outgrown the area they are located in and looking into improving fences on our boundaries. The path works will continue, and minor remodelling of the grounds will be carried out. Achlevem nts and Performance he Chari Investmentperformonce u¢hievedagainstlnvestment objertl¥es set In the Financlal Review sectlon of this report there is a description of the investment pollcles and objertives established by the Trustees and the extent to which social, environmental or ethical considerations are taken into account. The investment performance is monitored quarterly in comparison with the statement of investment printiples. A4 3 result of the upturn in the Stock Market the overall market value of the Snvestment increased by 7%. The Current market value of the Investment is £2,387,408. The Trust's investments are primarily with Rathbone Investment Management Limtrted on a discretionary basis and with CCW Charities Aid Foundation and Quilter Iformerty Old Mutual, Skandial. Monltonng Each of the investment managers report regularly on their performance including comparisons with appropriate external indices as benchmarks. The Trustees keep the investment Strategies under regular review.
Lancelot Ha51uckTrust Th Re ort of the r ended 31 Dec Plature of the Governlnq Documentond Conrtitution of the Charfty The Trust 15 administered under a 5cheEne fnade by the tharity Commission on 20 November 1997 and amended by them on 23 May 21. The Charity is an unincorporated assoclatlDn governed by a trust deed. Eligibility for membership of the Charity and membershlp of the Board of Trustees is governed by the Trust Deed. There are no restrictions in the governing document on the operation of the Charity or on its investment powers, other than those imposed by general charity law. Structure Governance and Mana em The methods tsdoptedfvr the recrultment tmd appointmentolnew Trustees The Board of Trustees have power at any time to appoint a person to fill a casual vacancy OT as an atldition to the existinB Trustee members, provided that the total number of Trustees shall not exceed the number fixed in accordance with the Trust Deed and the Scheme èpproved by the Charity Commission. The Board of Trustees comprises nine co-opted members who seNe for five years after which they may be put forward for re-co-option. One Nomlnated Trustee is put foNard by the London Borough of Barnet and serves for four years. If a casual vacancv occur5, the replacement Trustee serves for the remainder of the period of that trusteeship. When seeking to Co-opt, the TrL¢Stees have regard to the need for expertise on the Board of Management. Trustees are persons who through residence, occupation, employment or otherwise have special knowledge of the area of benefit. Recruitment is achieved through professional or personal contacts of existing Trustees and through Consultation with other local charities. Open advertisement also remains an option. Newly co-opted or nominated Trustees receive full documentation about the Charity includin8 3 copy of the History of the Charity, the Residents, Handbook. the governing Scheme, the last yearf5 Accounts and Annual Report and the Charity Commission's latest advice on Yhe Responsibilities of Charity Trustees". The organlsotlonalstrurture oAthe Charltyond howdecislon5 ore made The full Board of Trustees meets four times per year, usually in January, April, July and late Octoberlearly November. At these meetings they agree polic¥, receive the recommendations of sub-committees and of the Clerk and Finance Officer, conlirm action5 taken and make major decisions. A quorvm of six is requlred for these meetings. Speclal Meetings are convened from tlme to tlme and are 8enerally held immediately prior to a main meeting. The Trustees are advised by a Finance Sub-committee of four which has delegated powers to take speedy decisions on investment and development matters. Also convened on an ad hoc basis is an Ele¢tion Panel, usually of thrce or four Tru5tCe5 to intcrview and oppolnt new re31dtnts. decisions of both sub<ommittees have to be ratrfied at a main meeting. The day to day administration of the Charity is delegated to the Clerk as Chief Executive and to the Finance Officer. On-site maintenance of the almshouses and the daily concems of residents are dealt with by the Site Manager, Assistant Site Man3ger and Assistant to the Site Manager who report to the Clerk. The majorrlsks to which the Charlty ts exposedandreeWS and$Nsten to mitsgate rlsk Risks to whlch the Charity 15 exposed each financial year are identlfled when preparing and updating a strategic plan. in particular those rèlatèd to the operations and finances of the Charity. The Trustees then review any major risks which have been identified and establish systems to mitigate those risks. The Charity is satisfied that Systems are in place to mitl8ate their exposure to the major risks which have been so iderrtified and reviewed. The Charity is not exposed to risks involved in fundriising because it5 attivities are supported by
Lancelot Ha51uck Trust Th ded income from Investment capital and malntenance charges. The review of investment risks, voiiSs, decent homes standards etc. is on-going and policies 3re in place to m3na8e these matters. The variablllty of returns on the permanent endowment investments and gilts is a factor to be monitored carefully. The capita5 values of investments increased together with the income receipts in line with expectations. The Trustees were forced to Increase the weekly maintenance contribution by 2.5% due to the increase in costs. Flnanclal Revtew Pollcles On Reserves The Charity is dependent on the income generated from its investments, which are whol represented by equities and gilts and on monies received from weekly maintenance payments by resldents. The Charity needs to ensure that it has sufficient income to be able to fund day to day activities and to maintain the almshouses to a reasonable standard and has sufficient reserves to undertake improvements to the facilities offered. The Trustees remain confident that their present flnanclal policies are achieving this. The Investment Pollry und ObJertlve5 Includlng the extent W any) to whlch 50dal, envlmnmentalor ethlcalcOndetiOns are tuken Into account The Board of Trustees has adopted an investment policy designed to protert the real value of capita5 in the long term while yielding a good level of income. The Trustees, investment strategy remains that of providing caprtal growth at medium risk by investing in a mix ctf UK and overseas equities and other collective instruments where appropriate. They have emphaslsed that the investments should be with environmental and ethical Companies. The Trustees remain very sat15fied with the service given by Rathbone Investment ManaEement Limited on a discretionary basis. Rathbones has been awarded an 'ethical Investment companv. The value of the holding5 increased by approximately 7% wfth stock market fluttuations while the yield5 Showed a commensurate level of return. The expenses of the investment adviser are met through an annual fee. AvoilobilityandadequocyoAossets of each oAthefvnds The Board of Trustees is Satisfied that the Charivs assets In each fund are available and adequate to fulfil its obligations In respect of each fund. Transactions and Financlal Posftion The financial staternents are set out on pages 13 onwards. The financlal statements have been prepared implementing the FR5102 Statement of Recommended Prattice for Accounting and Reporting by Charities issuÈd by the Charity Commission for England and Wales and in accordance with the Financial Reporting Standard for Smaller Entities leffÈrtive January 20151. A5 Stated in the introduction to this Report, the Trustees conslder the financial performance by the Charity during the year to have been satisfactory.
lancelot Hasluck Trust rt ol he Trust r 2013 The Statement of Financial Activities Shows total incoming resources for 2023 were up on 2022. The fin3nci313ctivities r@sulted in a surplus of £785. After adjustinB for the net investment gain of £136.152 this gave an overall increase of £136,114 in the Charity's funds. The total reservès at the year end after accounting for recognised gains and losses following revaluation of the investment5 Stand at £3,635,4141£3,499,300 in 20221. Spectjlc chgnqe5 Infixedossets Changes in fixed assets are shown in detail in the note5 to the account#. Plan5forfvture period5 The Trustees believe that their systematic approach to repairs and renewals has resulted in a well-maintained Estate. More major refurbishment, including modest remodelling to maximise living space, of double bungalows are takin8 place Zs propèrtiès become vacant. Single bungalows and flats will continue to be refurbished as before as they too become vacant. A5 a property becomes avallable It Is completely cleaned and repalnted with floor coverings being removed and the kitchen/ bathroomlback corridor receÉving a new linoleum coverin8. The Trust is monitoring all the properties and is undertaking a pro8ramme of preventative repairs. Mention has been made In previous reJ>ort5 of the problems resulting from clay composition of the Parkside Gardens Estate. The renewal of darnaged paths on the Estate is well on schedule. Mr. & MTS. Greaney continue to maintain the attrartive surroundings on the Trust's Parkside Gardens Estate as well as to accommodate residents, requests and obtain our authorised contrattors for emergency works and regular upkeep of the properties. The names ot the Chief Executlve Officer ?nd other Senior Staff Members to whom day to day managernent of the Charlty is d•l•Èated by the Charlty Trustees: Mrs. Eileen Poll BSC PGCE Mr. Rich3rd Murray FMAAT Mrs. Heather Greaney Mr. Andrew Greaney Miss Marywinch Clerk Finance Officer Site Managèr Assistant Site Manager Assistant to the Site Manager
Lancelot Hasluck Trust e5for the ber 2023 The Members of the Board of Trustees of the Charlty dunI the year ended 3151 December 2023 were: Nomlnated by the London Borough of Barnet for the period ending: 10 July 2027 Cllr. T. Vourou Co-opted for the period ending.. 19 November 2024 IS June 20July 2025 19 November 2025 19 November 2026 19 November 2026 19 Novèmber 2027 10 July 2028 19 November 2028 19 November 2028 Ms P. CoakleyWebb Mr. l. Godfrey Mrs. H. Geor8e Mrs J. Adak. Ivlce-chairl The Revd. V. Frederick George M8E4 Mrs. B.E.A. Sandford (resigned January 20231 Mr. P.S. White MBE. JPIChairl Mr A. Tambourides Mrs. H. Alford The Revd. Dr. Alec Corio 2025 Members of the Flnance Sub-committee The Members of the Board of Trustees of the Charlty ¢Jn the date when the Report and Accounts were approved were: Nominated by the London Borough of Barnet for the period ending.. 10 July 2027 Mr. Vourou Co-opted for the period endin8'. 19 November 2024 15 June 20 July 2025 19 November 2025 19 November 2026 19 November 2027 10 July 2028 19 November 2028 19 November 2028 Ms P. Coakley Webb Mr. l. Godfrey Mrs. Pb. fjeor8e Mrs J. Adak Ivlce-chairl The Revd. V. Frederick George M8E' Mr. P.S. White MBE JPIChairl Mr A. Tambourides Mr5. H. Alford The ftevd. Dr. Alec Corio 2025 Members ofthe Finance Sub-committee
Lancelot Hasluck Trust ste em 5dents The Trustees have been saddened that five residents died during 2023. Mr Tinch passed away in a Care Home, Mrs Tinch passed in Hospital in September; two residents Mrs. Kidd and Mrs. Glenister, died suddenly in their homes and Mr Kirkby died following a diagnosis of cancer. The Trustees have been pleased to welcome two new residènts- Mlss l. Jakubowskl and Mrs J. Ryan. Coffee mornings recommenced but due to the bad weather residents decided to suspend them. There are plans to restart them in 2024. The TV concessionary licence for eligible residents was successfully hpplied for. Over 90% of our residents benefitted. Those eligible in the age group from 60 - 75 years now pay only E7.50 annually instead of £159.IXJ. Those 75 years and older do not pay anything at all, regardless of receiving pension credit or not. Bankers Barclays 8ank PIC Scottish Wldows Bank PIC COIF Charities Deposit Fund Investment Advisers Rathbone Investment Management Llmlted Old Mutuallskandla Multifundsl CCLA Investment Management Limited Independefit Examlner Alexander Dave Chartered Accountants 5 Braemore Court Cockf05ters Road Barnet Herts EN4 OAE
Lancelot HasluckTrust rth Statement of TTUStees' Respon$lbllltles Charity Law requires the Board to prepare flnancial statements for each financial year which gwe a true and fair view of the state of affairs of the Chartty as at the end of the financi31 year and of the surplus or deficit of the Charlty. In preparing those financial statements the Board is required to'.- select suitable accounting policies and then apply them con51Stentlv make judgements and estimates that are reasonable and prudent prepare the financial statements on a goin8 concern basis unle55 It Is inappropriate to presume that the Charity will continue in business; and state whether applicable accountlng standards and statements of recommended practice have been followed subject to any material departures disclosed and explained in the financial statements. The Trustees are also responsible for monitoring proper accounting records which disclose with reasonable èccuracy at any time the financial position of the Charity and which are sufficient to show and explain the Charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are also responsible for the contents of the Trustees, Report 3nd the responsibility of the Independent Examiner In relation to the Trustees, Report is limited to examining the report and ensuring that, on the face of the report. there are no inconsistencies with the figures disclosed in the finèncial statements. 10
Lancelot H•slu¢k Trust Ind•pendent Examlnerfs R•port R•ptsrt of th& Independent Examlnerto the tw•tee¥ on the accounts of the Charlty forthe year ended 31 December 2023 I report on the Rnan¢ial statemenls dthe ¢h•rify lor the yÈ•r ended 31 December 2022. which Comprise the StstemeThl of Financial Activities lindudin8 Income and Expenditure Aount1. the Balance Sheet and related Notes. Respoctlve rn¥pontsibillll•* of tNst••s •Mmln•r As described on page 10. the Char+ty'S trustees are responsible for the preparation of the financial statements. The trusiees are satisfied that the audit requirement of Settion 144121 of ihe Charities Att 2011 (the Act) does not apply. and that there is no fequirement in the governing document or constitution of the Charity for the conductlng of an audit. As a conseouence, the trustees have elected that the finartrcial statements be 5ubjert to independent examination. Havin8 satisfied rnyself that the charity bs not subjecilo audit. and ss elielble lor independent examination. li is my responsibility to'.- al examine the attounts under section 145 of the 2011 A¢L' bl to follow the prrjcedures laid down the General Dlrection$ given by the Charity Commissian under section 14515llbl of the 2011 Att and., I to state whether particular matter5 have cometo my attention. Ba¥1¥ of oplnlon and 0p• of work undort¥k•n I conducted my examination in accordarKe with the General 0Srertlons given by the Charity Commis5ioner5 for England & Wales in relation to the conductin6 01 an independent examination. referred to above. An independent examination includes a review of ihe ac¢ounting retord5 kept by the Charry and of the accounting systems employed by the Charity and a comparison of the financial statements presented with those records. ¢t a150 include5 consideration of any unusual items or di5closure5 in the financial 5taterneDts, and sèÈking @xplanationg frtsm you as trustees ttsntemln8 such matters. The purpose Df the examlnallon15 to establish as fèr as possible that there have been no breaches of the Charities le8151ation and that the linan£ial statements comply wlth the Statement of Recommended Prartice issued by the Charity Commissioners for England & Wale5. on a test basis, of evldence relevant to the am(Mtnts and disclosures in the financial statements. The procedures undertaken do not provide 311 the evidence that would be required In an audit and informètlon supplied by the trustees In the course of the Examination is not subjeded to audit tests or enquiries, and consequently I do not express an audit opinion on the vipw given by the financial statements. and in parttCLtlar. l express no opinion as to whether the financial statements give a true and fair view of the affair5 of the charlty. and my report is limlted to the Matters set (Tr in the statement below. I planned afmj perfofmeo our exaEnination so as to satlsty rnyselt that the objertlves of the independent examination are achieved and before finalisin8 the report l obtslned written assurances from the trustees of all material matters.
Lancelot Ha$lu¢l¢ Trust Independént Examlner's Report Independent Examin•rf5 Statsment. r4port and oplnlon Subject to the limitatlOn5 upon the scope of my work as éet3iled above in connettion with mv examination , I can confirm that no m3tter has CQME to my Bttention In connection with rtiy examinatio which give£ me reasonable causÈ to believe that in any material respect the requirements.. 111 to keep accountingrecords in ac¢ordan¢e with section 130 of the 2011 Act.- lill to prepare linancial statements which accord with the accounting records and comply with the accounting requirements of 2011 Act and., Iliil that the financial statements be prepared in accordance with the methods and prineiple$ Set out in the Statement of Recommended Practice- Accounting and Reporting by Charities have not beers met.. to which, in my opinion, attention should be drawn in my report In order to enable a proper understanding of the accounts to be reached. Atul Oave FCA lTrdep8Trdent Examiner Chartered Account¥Nts 5 Braemore CcAJrt Cod<fo8ters Road 8am81 EN4 OAE The date upon which ftyy opinion i8 expressthj is:. 22 April 2W24
Lancelot Ha•luck Trust ststernent of FlnanGlal Acthillles Includlno Ineome and ExpendItU Account lor the year ended 31 DeGember 2023 Endo¥ffliqnt Unrextrlct•¢ R•trl¢t•d Funds Fund8 Funds La•t Year Total Fufidi fund8 Not•s 2023 2Q23 Incornlng resourc ¥estrn•ht Incume In¢¢ming rnsthjrces from GharilaL4e aGbthe& 89.703 170,608 89.703 170,608 65.226 159.S92 Total Inecrfnlno Y•#oure•s 260.311 260.311 224818 Inveslment managernenl costs 14,622 195.709 61,933 14,622 195.709 61.933 15.273 211.991 60.744 Total re•ource8 expended 272.264 272.264 28B.ooe Not outgoing r050urces b•fero transfws bètwe8n funds N•t outgolng r•soure•$ b•for• other recognSwl galTr• and loÉe• 111.9531 163.19)) 111.9531 111.9531 163.19)) Olher we¢ognl$ed oaln6 and los Gn¥l(lo$s89) M wwg8tmw)t assets 85,549 49,780 135,329 12Bg,5421 N•t rnov•m•nt In funds ISS49 37,8 121378 13S2,n21 R•cDndllatlon of fund¥ Ttjtsl fund$ brought forward 5,8$7.007 1.424.9e9 217,301 3,485,30D 3,852,032 Total Funds carrled forward 1,942,556 1862.816 217.304 1622,676 3,499.30D The movBment in fund5 refThd to above IB the Itmxxnthg Teswrces as defined ) Ihe Slatemenl of RecoTrvn8nd8d Praclc& for Accounting and Repowng Issued by thtr Charity Carnmission for engbnd & Waks is rectyKiled to the total funds as $thm in Ihe B318nce She81 on page 16 35 requlred by the SE ststlleni. All oct1vWI frorn conllnylng op•r8tlon8 Th• not•B on 17to 21 forni an lTht•W pwtotth•t• accounts. 13
Lancelot Ha&luek Trust Slatemenl of Fin8nclal A¢tlvkl•8 Includlnq In¢orn• and EJrp•ndilurn £eount f•rtho •r endèd 31 Decemb¥ 2023 C1¢ and Expendllure kGount lorth• y•Rr •nd•d 31 O•umber 2023 Not•s 2023 2022 Tumo¥ 170.6 159,S92 Dirfjcl costs Dfèjmover 210,331 227.264 Gto•s deflclt 139.7231 167,0721 Go¥emanc8 fA)515 6f,933 60,744 1101,6561 1126,4161 Rethsed (le5v9nE on investhents from Dtherfixed asset investments 16.1441 $4,767 34.936 58,gY 59,995 5,230 Dolkrt on ordlnary zctMtl•B tax 118,0971 1fj.2681 D•fiGIt forth¢ lIneI yv 118,0971 16,26BI Il•talhid dd(lrthe Ilnandal year 1B,097 8.268 l actlYltlM d•rlv•frfKrt 44walkn• Staternent of Totsl R•cognls•d Galwrs and LoMes for the yearndèd 31 Dgumber 2023 1023 IY.1b21 42,229 6,144 118,0971 141.473 Excess Inixxne over Edir• belore of asets Rp8li%ed gains on endoTheni inve8tmerbts Reale Ibs868y9oln$ Investments PnifillLoss1 w Ptofil and Loss aCCL¥Jnt Unre4h"6td GnSI{b)S¥¢5) on InvEstments 1102,4881 39.298 16,2681 1346.4641 N•t Mo¥•m•nt In b•fov• t•x• 123 376 352.732 Th ttot•• on pag•K 17to 23 lomi Int•gThl of thtt• •GMurrt 14
Lancelot Hasluck Trust statemonl of Flnanclal ktlvttie5 Includlng Income and Expendltur• for the yerended 31 Decernbef 2023 Mo•tI In and eapltal fvnd• lor the year ended 31 December 2023 R•v•nu accurnlt•d funds Fund¥ Fund Funds Total Funds 2023 2023 2022 AEwuMed ftjnds brwhl f(xwaTd Recognlsed and bssas b•f(e transfer6 543.967 543.967 30.062 513,905 645.578 101.6fjt 543,967 Sf3.W5 TRnsfBt5 troyfrn de&Wed funds Closlng r•v•nu• 4¢Gwnulated fvnd• 513.905 513.905 543,967 De•lgnat•d r•v•wM T•1 Funds Last yqw Totsl Fund• 2023 2072 Al 1 January Reell gains kJBGe5 before transler8 At 31 Da¢embBr 491,968 25,968 517,936 547,386 491,9fj8 purposes lorthch the dOgn¥t8d fwd8 have boen estoblshBd are dea¢d in the not•5 to the oOunte endowment lunds EhdoTr•nl EndoThtnt Fut)d• Tolal Fundi 2022 Endo¥bTnenl funds brou9ht fotV4at Recognis$d 98rt6 and bsses before tran0 1.857.007 as.549 1,942,$56 2.023.576 1,857.007 D••lgn•tsd RutylGt¢d Funds Funds Total Fund• LIStar Total Fund5 2023 2023 2W23 2022 At 1 Jhnu8ry Rectrw1È8d gain5 bss8s befora transfer5 At 31 Decemb81 389.054 41.921 430,975 217.304 606,358 635.492 29.134 5Q6.358 The wrp thB transfers Revenue Reser¥es,Deswn8ted Funds and Fixed A8Éet Funds is described in Ihe nc¥ to Lhe acwunts. Summary of fvhd& Endom•nt E.FLF Funds urlI1¢0 Re¥trI•d Fund• L•81 Yèar Total FuDd• Funds 3023 2023 1023 Revenue 8CGumu1918d lunts RevewB design8ied fvnd5 FNed asset fund5 Endo%btreni funds Total funds 513,905 513.U 517,936 648.279 s43.7 491.968 606.358 1.857.007 3,499.3(KJ 517,936 430.975 217.304 1,942,556 1.842,556 517,936 944,880 217.304 3.622.676 Th •t•tsmèht of ¢harw•s In re8Ouwc •pli?d forfix•tt a•Hts lor ChJrlty l# ¥hDWTr In th• nots• to th• •GGounts Tho notw on 17to 23 fovm lTht•Ar4 p•rt atth••• aU1•. 15
Lancelot Hasluck TN#t Balance Sheet at 31 December 2023 2023 Tang¢t)te asyets Inve8tments Tot¥lllyed •Mets 3KI.683 2.387.408 2,778,091 io 2,262,950 2.651,227 Currnnt u8•t• Debtors 22,405 286.193 580.467 8Bg,CfjS 4,438 269,954 625 251 899.843 12 C8$h at bank and in hand Toial ¢urtentMsets gmounts due %thln e sear 13 {44.480} 164.3081 Il•t cuff•nt •$5•ts 844,585 835.335 3.622,676 3,486,$62 Cr•dltorn:. am(ymts du• aft•rmDro than year a•s•ts 3,622,676 3,48fj,562 Th• fvnd¥ of the charty.. Unro&trlct•d Itm• fund• Unrestricted revenue acLumulated fiJnds 14 Extra ordinary rep8ir8 14 Unr•strlct•d eaplt*l fvnd• Designa flxed asset funds Total 4mmtr1cl fund• R••trlthd capltal lunds Resti?(#ed fixed asset funil$ Totsl r•strFthd funds Endo¥mnt lund• s13.5 S43,? 1,4e2,816 1,424,989 14 217.304 217,304 1.942.556 217.304 1,857,007 14 Total ¢hartiy funds 3.622.676 3,499,300 Tw8tee8 Mr. P•t•r Whl Ch&r of Tru8tees Coun¢lllor Paullne Co•klBy4lebb Chair cl lh¢ Finance Comrrrittee Jeanette Adak Chairrf Trustees and the Fift Commiti Approv•d by th• tru#t•M on 22 Aprll 2024 Th• nol•• on p•ge• 17 to 23 form an Integral part otthe•• •c¢ounts. 16
Lanc•lot Hasluck Tvust Notes tothe Accounts forthe ya¥r end 31 Dember 2023 1 Accounllng policl•B 31¥ ofprep•r•tlon of the accounts The Iinantlal stements have Deen prepared In accordan with PLCOUTrtlng and fteporting by Charltles.. StaiemEnt of RetommendEd PrattitE appllcable to Charitlès preparing their accaunts in accordance wth the Finèncial Rewrtin¥ Standard appllcable In the VK and Republlc of IreSand IFRS 102- effective l January 2Q151- ICharitle5 SORP FRS 1021. The charitsbk company meetsthe definition of a puNit Trefli entity under FRS 102. Assets and liabllities are initialty recogni5ed at hl%torlcal cost or traThsaction value Unless Otherwlse stated In ihe relevant •¢¢ouhtlng polky or nate. The tharity has takan advantaoe ol Ihe exempoon In Flnand81 Rewthg Sland8rd No 1 from the Tequlremurt to woduGe a cagh fiow Sthlement. Thè Chaty ¢onsYtules a publlc tenefit enlty as delkned by FRS1D2. A¢totmtlnu ContIOn The 1kn8ndal ststsments are prep8rod, on a bads, undar Ih hlstorkal cost convenbth a¥ modffied by tho revalvetion rl asset YeS¢ments. Going conrn Th8 Injstees considerth8t there are no rnerial unurtalOes at Ihe thariiabb rnnY8 atA"ltyto cmtrnue as & gng concem. Keyjudgements that the ch8rilthe Gornpdny ha$ matle Mthi¢h have a $ignifi¢8rf 8ffea on the 8ccwnt8 indLle e8timabn9 the l¥bility from rnufv-year grant CL¥nmitrnenis. The Irusiees do noi conslder that Ihwe are any source5 of estimation unc4rtainly at the Wtr11ng d818 rhal have a slgrlficanl nsk of causing a malerial adjustment to the carryTng arnounts of assets and Ilabllllles ltrrfn th6 naxt repNty"rg Incoming Resourc Inttsnlng rèsotsrces ar8 attourbt8d fororts a rncdvabb basis Mainlenance revenue 1$ accounted f0rTrhkn recBNabk. Investh7ent Incom• Dmdends are incltd8d in th8 income and expendjra 8rxouTht th they are dectsred at an amount leh incdeS the tax exedlt recoverable from the Inknd Revenue. Bank inter¢st 1$ In the kncrkne ar¥J exF¢ndth accwnt on 8 recwpt basrd. Delerred Income In accordance th Ihe Siatemtrrt of Rocomfnended Practice for Accountkng and RepOrt9 issued by the Charity CommissMiers for England & Wales grants rEGv in advance and sperified by the donor a¥ reLing lo specrfic acCntsng yelltyJ8 or attémabvely are ubJ"ect lo condthon$ thith are 5bl to be met and whith •r• outside the c¢ntrol ol tho d)&rily OT it i nGthin Wther lh8 coTh1ibon$ rAn or 11 tn8t. are defeTh&fj on an attrua basis to th8 riod lo thÈy mL41&. Suth defelrds are shth¥n In Ihe notes to the accounts and tho sums invdved are 6n 88 cr¢dltrxs In the arKoufrt5. R•eogftltltsn of Ilabllhles Liabilities ère reGooni%ed Im Ihe a(xxua15 b8sls In awwdance wth n(ymal accounting prinipks. fflodrfd whe¥e nece&88ry Thlh Ibc suiddiitse ylv¢ii 11¢ 11$ a1¥1171 ur RfKoFnmenoeu prauice lor Ac¢wnung ano Reporting Issued by the Charity Ccmmi5sionws lor Eno&nd &W81ès. ResourGes Expendèd The pdicy inthding itemts hin lh8 rdEvant acbvity calegorieb of resourEv8 8xp8nded is on accru8 basis as a labity is incurred. Expenditu inclJde$ any VAT whh rAnTh)t rewveréd. and 1$ r8PDrted a9 part d thE expenditure to whKh it rdales. In poky for indJIry itBrns wlhi CL18 of genErating lund8, dwrtsbl8 aCiMt$ governanr* Costs 18 Costs ol g8nwatirvJ ld$ Costs d generoiw fvnds comprise of CUL8 8$8odat•d wth atracthg lunt&¥y Inc8 ard costs of trading ftr fundrain9 PUfPD8es. Chartiat4p eypenditure comprtse ¢)f Ihc6e costs In¢kffrèd by ihe tharlty kn Ihe dBlivery of its and 88r¥i¢è5 IOT its benefiuanes. rt CludeS costs that can bp lated directly Its swh acbwties and those rn$ts of an indirect nabjre necessary io support them.
Lancelot Ha8Ck Trtb¥t No¢es to the Accounts lryth• y•JJr •nd•d 31 D•cember 2023 G0vem8 costs those costs etssorlatsd meeting the 5lUtI)nSIBn¢J st8tuW raquemÈnl& of the thatlty a#d ind? the audit fBo8 costs Inked to the strategic rnana9ernt of the ¢harty. Ajlcution of c1$ within typps of ffjSWfLZS Bxpen¢Jed The methods and winaples for the allocotion and appbart of ¢08ts the drffertnt aLwty Cate9¢e& of resources sot out atM 8re:_ Oirect ¢s. Cost8 r8bll.no ID a parlicAJlar arAlty are 8k¢aied tketh. Jpp(¥rt Costs. TheGe costs are lacl•[l gnd opports.oned as fd1". - Staff L5 based M stsfftime. Unnallsed and tEall¥•dg4ln¥ Reali58d gains 8nd b55e5 are inded in the acmunts on the dat8 al wl)ILI) a tontyadtsal cbliyation tered into. urlS8d gairNs and k>ssgs are Gomputed by ence lo lh¥ Ma81 vabp ot the irTrvesimEnts al the baLinc8 she8t date, ¢pared to the tOth2hl foftvard c6$1 or vauation. and oains Ios58g arising cn svniLgr cat8gori8s of inve$knonls aré nail Inves1ffl8nts hddby the charfty The pc4icy for induding investments in the accothtg IA as foll:_ Llstgd investmen15 h8ve been In48 In the baLwcé Sheai alth mi(k m4rketv•lue otthe year end. Flxed assets •nd dèptrcl•tlon Depre0al has baen wovided 8t Ihe loHng rele8 In lo aff the Asse15 Iless Iheir•stMnat•Y r8$léu81 vaJe l over ther estimat8d u&èful eOrni¢ INes. Freehdd land and bu5Wings 2% 5tr819hl line pnt and macl)in6ry 25% slravJht line Cornwent irnrrtwvement8 IQ-25 yea A regulardrnual rewew ofthe Ikelth ofa55et inpatheni 15 undertaken. T•xath>n S 8 regl4tered Gharfty, the mpany L4 exempt fr(n kncome and 18X to tha gxtent Ihat it8 Incomo and gains are awlicaa to L*aritable purposes Lty. Vae Added Tax ks Tr)t raVerabl& by the wnpany . an(1 Is th8r8fore In th rekvani cc6ts in Ihe Stalerneni of Finanual Acliwlies 18
Lancolot Hasluck Trust Notes to tho Account8 forth• wjar end•d 31 D•e•mb•r 2023 Fund5 slrnclurnpolky The chalty rnakntan5 3 general unrethcted lund 1¢h represents lund5 are experidabk at the discrellDn Df Ihe tru$w In fvrthwance ofthe obj'ects olthe thartty. Su¢h fuads may hek4 in crfdwto fln#n¢e both TrA1ng capital and capiial Investm1. The 8thtyYlngs and Equpment Fund L4 reslricted 4$ to use ef capiu". itgenetste$ no Irthrne. The Capwi En¢Jown•nt Funtt 15 re51riCted as to Ihe use of cotxw", Ihe incorne Ihot It gwvates is forthe gener81 purpo of the Charty. Extr4dInary Repiw5 Furyj ha5 betn designated as by Ihe trUse$ and deri¥es exdWy from inccme., Ihere are r•thGbDn5 on IhB use of th8 inrA)me. R¢Gognitlon olp•nslon ¢osts •ndpeft&ion assets al li8bilitie8 The wmpany opÉratss 8 d8flned (tributiOn pension scheme. Contritubcn5 are tharged to the profft and kn55 Or[1 a5 they become payab in 8c(xird8nce with the ful25 of the scheme. 2 Wlndlng up dI¥solI0 f)f th• ¢h#rlty Ir upon nding up or dissOAln of the chartty Ihere rwnain any ass8ts, after lh8 sstisfarj ol all debts and Ik4LN'liti85. lh8 8&48ts represented by the 3JMlatBd bjnd shall be Irdnsfwred lo scme other tharhtabl& bDdy or bodl88 h8ng &miL8r rt48ol$ ts the tharity. 2 Cvbtil accountinu e•tirnat•• ludwth•nts In Ih? apICat of the charivs a¢CLntIj tha tru8t80& are rwuirad to ma%8 ju¢Jo8m8nls. 08tsmales and assumpt& aboul the Gary9 •mwni of assets and IiabilthBs that are Mt read¥ 8pparant frum othw Sources. The e8b"males assocthd as5umpticns are based on historica eyprieDGe and therfa(tor5 th art Wll5i(Ieo to be tykv8nt. Actual res rnay drfferfv? Ih8se 8stMn8185. The estimates and und'ng assumption5 are re¥red rffi ar5 £ngc¥ng ba515. Reision5 to aGcountiry estsma¢e5 ore recogni5ed i the in wthich the 8slimate is reM5ed kn the rewsic affects onty that period, or in the perioj of Ihe revi5icn and future P6rfods w8r8 tM 8fl6cts bc4h cuFr8nt and fvtur8 pèrfcJs. 4 Dellch for th• finandl y•r 2023 2022 ThiB Is Slalad oftAr crAdhlng:. li•¥bu• Turnov•rlrom ordIn•vIll#S 170,608 159.592 and •ft•r ch¥rglng'.- DeprerIali of fix8d assets Pension eo¥t8 Indepentht Examin¢Vs Fees 12,137 6,459 3,572 12.738 6.191 Funds teknging to Ihe ehaTity have been usod lor the purchaso of Insuran lo rffjt•¢t ihe charity Irtth loss arsing frun the Thegiecl N defauhs of ils trustees. emt4tryee5 or agents, or io indemnify its trustees. empkJyee$ or auents, aoainsi the consequewAs of negbGi or defaull on ththr . The sum exwded on was a& inOl¢8ted in above Sched. 5 S1•t¢nt that no •xpen•es w•r• p•ld to tru•teM or Gonnected per8•M No exwses were pad to Irusiee5 or pwsrffis fx)neLt them. 6 Detalled anotyBl¥ cwtain trnnAa¢tlon8 rtyuired bytho 5ts1•mqnt pl Recommended Pra¢tl¢• lorAccountlnq and RupNdng Issued byth•Chidty COMMI10&r% for England & Wahs Varu items 1¢h are Tequirad by the Statement ofRewmm&nd&J Prd+kn lorknuntig ReparThJ Iswpd bythe Cwty commiss for England & W81es 10 bB disdosed in Ihe t)otes lo the 8¢eounts are set out in thtr Oetalled schedu to the Statamenl ol Finanual Actmtieg and its appendlces, ¥thi¢ sholld b8 read toaelhor wbth these ni)te5. 19
Lancelot Haslucl( Tru•t Notes to the Aceounts forth• ar ondad 31 DIrnbr 2023 2DZJ 2022 Incom8 from flxed 8S$trt investment3 Other bank dewsft IniBrES1 rec6Yved 54,767 34,936 59.996 5.230 65.226 8 Staff Co•ts and Em0ments 20YJ 2022 GrDg$ Sd8rie5 P8n&MJn Payments Ilncl. bynp pens CmlrfbuCS S2.438 4,824 1,635 47,893 4,633 1.558 Numbws offvlltkn• •mploya•• orlull tlm• •W1knnts 202J 2022 Engaged on th8rit8blÈ a¢bbe5 Engaul mallent adminislr8tion The1 ¥4r8 no aM0YS vAth erndurnents in axces5 of £60.OIX) rxr 8nnum Neither the InBtees nor any persons (x)nnetled %th Ihem have received any remunÈrati(M, either in the curréntitar the priLY >Tar. g T•ngibl•functlonalllx•d aM•ts Fre•hold L•nd and bulldingi Flxtrjrps & Compon•mi Egulpment Total ABset cosi Valu¥ or Tlu arnourf At 1 January 2023 Additiens 529.1 21.156 557,21S 2,4L 2,406 9.275 AI 31 DoC6Ynber 2023 529,190 21.156 Gurnulated dewedation and fmpiinn•n¢ provlslons Al l Janusry 2023 148,176 Charge for the year 10.584 At 31 DEcember 21r23 1.155 1.155 6,889 999 156,200 12.738 At 31 D8tsmber 2022 370.430 1.4Q7 At 310ecember2022 381,014 20.001 401 015 1.Th8 aix)VE froohrld nd •KI building$ are ststed at hicric crtsl. No pro¥ion h8$ boon fvr dilaphyatons cn the buiklings as prthismjn lor term rWK}vK of the buiSing5 15 bwng made Ihrough lh8 Extraordinary Repwrs Fund. 2.The Tw51 buibjings and rultents are a sum of £9.180.838 lindex frth8dl. 3 The Freehokl Land and b]195 (Kths are reptvnby by office CoS of £311,896 and hous8È of £217.304 as SW on lance ShB& as Reth¢ipO P31 4.The land at Parkskjo Gard•n6 Is Vosled n Ihe name of the olal Custodian for lh• Chthves by ¥lrtu8 uf •n order of the Cunmisons d*d 25 September 1934. 20
Lanc•lot H•sluck Tvu8t Notes to the Accounts forth• •Tend 31 D•e•mb•r 2023 10 Fly•d Inv•8bn•nt8 L16thd Unll$ted 2023 T•tsl Valuallon 48rket vakje at 1 Januy 2023 Additi6 al cci Canwng value oy dispjsa Net unre818ed gainllhx51 revaluatKM) of Investynts 2,211,235 306,892 1323.6681 2.211,235 306.892 1323,efj81 136.457 136,457 Marf(•¢ v•lu• at 31 lknb•r 2023 2,330.916 C85h hdd by inv88lrr1 adw8u8 ,492 Total IV•Tr IludIn ca 2 387,408 Tol41 Invo8tm•nt• IrKludlng ca8h 1 January 2QZ3 2.262.950 yJlJ& ollnvo•tm•iits lJ•tw••n UK Investmqnts and out8ldtrth• UK Ust•d Unlknted 2013 Totsl Inve51Tnenl assets in the UK Investment 96sets wlslde Ihe UK 2,387.408 2,387.408 Totd mark•t val 2,387.408 2 3B7.408 Lltsd inTn51metrt• Investm•t 2022 Investmem 888ets in Ihe UK Investmeni assets wlside th8 UK 2,262,9 2,262.950 Totsl mark•t v¥ 2 262.950 2.262,950 Reallmd 13zfjns on d15PO8 Listed Unlthd InveBtmeirt¥ hv••thionts 2023 RegllB•d Galns on db•po¥al8 on progrth)m• r•lot•d a8s•t Cqryng value of dlsposals 323.668 Disr$81 P¥oGeeds 317 524 N• T••ll••d 0.144 323,668 Llsted Invostm•nts Incde thè fomowlng m4tarf•l ltsm8:. Listed investrnents incknde the fc41owinp holding8 each represenl tyeatèr than 5% of Ihe markol vqlue of tho crfrAio'. T>pb ol¥hore Holdlng M•vk•t Valu• 243 arf(et V•lu• 2022 COIF Charity In¥estmenls Ino COIF Charity FUj8 D8veknrMt fvnd 9.589 196,919 165,519 172,3fj2 144.878 Unlts 21
Lanc•lot HlGk Trnst NotÈs to the kcounts forth• y4•r ended 31 D•e•mbor 2023 11 D•btor& 2023 2ty21 ainlenance fe•5 deLLS 2.788 19,617 4.429 22,405 4,438 2022 Gted inve8tyn8m8 286.193 269.954 13 ¢rwlllryJ". falNng du• within on• 2tr22 Trade (Yedll Ac¢wed ewen5es PAYE and Nl Othw CdItOrS 10,347 19.4(X) 554 14.179 4,512 49.761 64.308 14 Rdated ptytr•n8a¢llon8 Thwe were nD mle¢j Patytrhn&athonB during the >tor 20231 20221. 15 01th• 14•t M+Mm*nt In Funds 2023 2022 N81 movamenl In fund5 frcm St81emÉnt irf Finan1 Acti Nel re50urce5 aWed on funcilcnd a550ts Rellsed gains on invesknents Net mov•m•nt In avallable forfuturn actMdoB 111,9531 12,4061 6,144 20,503 163,1901 56,W22 6.268 The n81 res(WTces aFpl•d on func() red aE5e15 and Ih$ invastment repsents tha of 22
L•nrelot HlUCk TN¥t Notes to the kEounts forth• yaar •nd•d 31 D•¢•mb•r 2023 16 Porfl¢ularn of Indlvldual Funds and analy718 ¢rfass•ts Ilabllttl•• r•prtt•ntlftg fibnd 31 D8C8mbv 2023 Unrestrlcted End•1 R•strl¢ted Tolll & D•¥isnal•d fvnd# fund• PdI TaThJth FlxEd ASSBIS Investments 31 y8311r Fixedassel inveslmenls 173.379 217.304 39).683 444.852 889.065 144.4801 1462 810 1,942,556 2.3fj7.408 889.065 144,48Ql 3 622 676 Currerrt Liabihti88 A 1 January 2023 Unr•stric1 End¢vt R•strlct•d Tolal & DeBlgnal•d nds Funds d8 TangfjN8 Flxl Ass8ts Investments al valuati Fixeilass8t inveslrnonls Current Assets CurTent Liabilits&s 170.973 217.31H 388.277 405.943 899.643 164,30BI 1424,989 1.857.1)07 2,262,950 899.643 164.3081 3.486.2 1.857.007 ThE lTrdlvldu8lfunth Induded above am:. Funds at 2022 Trnrthrs 8thteen fund• Fun(16 ai 2023 in Fund below Gen8ral fund Oevelokynwrt fund Bu510irys & Equirmerrt Funo Extra(Ydin3ry RepASrs Fund caprt Endwnent Fund 543,967 389.054 217,304 491,56B 1,857,007 (32,1981 41,921 511,769 430.975 217,304 520.072 1,942,556 3,622,676 28.104 85,549 123,376 W¥ of fflov•m•nts In funds In iho tablè abo¥¢ Incomlnll R•sourus Outqoln# Galn8 & Lo8•0 Movem•nt In ld¥ lund olent fu Extraordinary RepairA Fund Capital En$JOt Fund 128,613 9,389 22.265 100,044 260311 257.789 132.19BI 41,921 ?9.104 14,495 272,264 85,549 123.376 135,329 Thè th8rity maintains o g8nwal unrestridod knd which topresenls funds whKh are expendabk 8t the d1scre1ffi of the tsustee5 in fvrther2nt4 of th8 ot¥etts d th8 charity. Such funds may be held In Order io ffflance both W0th9 cp¥ital and capital Investm1. The 8uUdrys 4nd Eqprnt Fund15 resmcted a5 to of(W.'11 g8ner•tes no income. The C8181 End0%nent Fund re51nct8¢J as to Ihe use of capitol.. the intx)me th8t it genor81?s 16 U88d fwthe goneral purpcffje of the Chanty. Extraorthn8ry Repairs Fund haB en d8$IgThad 08 sueh by thb trustBes and deriws vxchjsively ncryn•', tt)ere are f89lrf¢tions Dn Iha use of the income. 23
Lanc•lc4 Hasluck Trust SehedulE loth¢ St¢ment ol Finaneial Actlvltle• for th• y•d 31 DD¢•mber 2023 sthdu105 on thb falbwbi 8r• r•qulmO b the dthLre requirnrnenty of tho Staifin•m of R8¢tfnmwthl forArwJrtkng A8 Èurh, ihay form 8 pArtofthA ACtntS rgqukfjd byiho Chariti1s (ActfJUrtB 4nd Rqw) Agutslr. In¢omlng R•$our¢ 202) rot41 Funds 2023 FUd% 2Q23 Fthd• 1023 Totsi Funds 2022 201J Incomlng RKou1 from g•n•rat•d funds Volurtty ITh• Grnnts. IwGK•J Tglal Voluntlrylnromo from ltstrAI fhxad ASSBt knv8ytrn rxhoi bjnk dep051 Intwe5trewed 54.767 54.767 34.99 50.996 5230 TotAI Inv•trn•nt 19,703 81703 comlnq rn¥tyJrGsfMm dfftabh acll¥lti 21nIareReVeu¢ Qyhei aicarytrarthg bBnÈfftbÈnofri&ies 169.749 160.740 156.793 T¢4al Incomkig from 170.8fj1 159,S92 Tolal Incgmlvg Rwpur¢ 3W,311 260.JII 124118 ¢¥ins on In1¢¢ w¥•¢• Eed IbssesVgASns an Investments {14hgEI &351 41.429 [6.1441 141.473 $6,922 346.484 14,622 14,622 15,Z73 273 ¢08ts 014¢1fv1th Ihfwth•rnnc•ofth•¢fr•fftyi aWKUves Qeneral RwEirsand I48inlenance C¥r Park R8tg5 and t¥Ytsrt•ts5 Uohg & hgJl(not of Inl surnn(* 141.218 141,218 161.035 S,rS 5.729 6.462 705 17 ¥vpportGLwl• of¢h•rtt•bh She MenAgeti' s4ne$ 22.147 1.6 r2.147 1.635 15.222 20.233 7.55e 13.940 I1lrtenarÉes 24
Lancelot Hasluck TfU¥t $thul¥10th¢ Slal•m•nt of Fln•n¢W Acllvlll forth•# •rtded 31 D•rnr 2023 ¢osts th•t8r• IKII dlrn¢tm•n0gWnWtfyhcifons IDh•wtln ggner•llryi (h¥¢ludlnu m•nag8Mwt•ndfftIn1&tyX1l0n costsl 2023 2022 Funds Funds Funds FundB 2D23 Totsl Fun& 2022 2023 2D23 2023 lork'sfees d8p8ndetbt EyArninets Fe le9 fee5 DeWeUi thfixod asgttts used ity 17.593 3,522 412 12.738 17.593 16.06S 41? 12,n8 12,137 Financ&Lthcetsfeos Pensi Travd And 6thstance RateB.Y+atthrand th¥yeB 12.698 4,4 12,B98 11,595 4.6 760 1.357 Telerthone ar fax P05tagt. 5ubScnptknn6 sDkn¥ and web Gojts HoBIth ano Safèty61$ Bank £haruB¥ SundryeyrbS 1812 326 1.280 9Z1 2.7[6 2,812 32B 1,280 921 2,766 134 2,438 524 651 t34 Total 80manC• Goth aft•rr•aloratSD 61,933 .744 Transfer1MI LmBthrthd 25