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, Re￿￿1 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 Acti￿lieS 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 Charl￿S 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 d￿￿￿rOoted hiRh hedglng was removed and thè area cle3rÈd. membrane put down and thick layer of shingle pla￿d 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 Rep￿t. 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 2￿1. 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 subort5 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 du￿nI 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 A￿ount1. 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 Codssgs are Gomputed by ￿e￿nce lo lh¥ Ma￿81 vabp ot the irTrvesimEnts al the baLinc8 she8t date, ¢￿pared to the t*Oth2hl 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 In￿48￿ In the baLwcé Sheai alth* mi(k m4rketv•lue otthe year end. Flxed assets •nd dèptrcl•tlon Depre0al￿ has baen wovided 8t Ihe loH￿ng rele8 In lo aff the Asse15 Iless Iheir•stMnat•Y r8$léu81 va*Je l over ther estimat8d u&èful e￿￿Orni¢ INes. Freehdd land and bu5Wings 2% 5tr819hl line p￿nt and macl)in6ry 25% slravJht line Cornwent irnrrtwvement8 IQ-25 yea A regulardrnual rewew ofthe Ikelth ofa55et inpatheni 15 undertaken. T•xath>n S 8 regl4tered Gharfty, the mpany L4 exempt fr(*n kncome and 18X to tha gxtent Ihat it8 Incomo and gains are awlica￿a to L*aritable purposes L￿ty. Va￿e Added Tax ks Tr)t ra￿Verabl& by the wnpany . an(1 Is th8r8fore In th rekvani cc6ts in Ihe Stalerneni of Finanual Acliwlies 18 Lancolot Hasluck Trust Notes to tho Account8 forth• wjar end•d 31 D•e•mb•r 2023 Fund5 slrnclurnpolky The chalty rnakntan5 3 general unrethcted lund ￿1¢h represents lund5 are experidabk at the discrellDn Df Ihe tru$w In fvrthwance ofthe obj'ects olthe thartty. Su¢h fuads may ￿ hek4 in crfdwto fln#n¢e both TrA￿￿1ng capital and capiial Investm￿1. 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. Extr4￿dInary Repiw5 Furyj ha5 betn designated as by Ihe trUs￿e$ 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¥so￿lI0￿ f)f th• ¢h#rlty Ir upon ￿nding up or dissO￿Al￿n of the chartty Ihere rwnain any ass8ts, after lh8 sstisfarj￿ ol all debts and Ik4LN'liti85. lh8 8&48ts represented by the 3￿JM￿latBd bjnd shall be Irdnsfwred lo scme other tharhtabl& bDdy or bodl88 h8*ng &miL8r rt48ol$ ts the tharity. 2 Cvbti￿l accountinu e•tirnat•• ludwth•nts In Ih? ap￿ICat￿￿ of the charivs a¢CL￿ntI￿j tha tru8t80& are rwuirad to ma%8 ju¢Jo8m8nls. 08tsmales and assumpt￿& aboul the Gary￿9 •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(Ie￿o to be tykv8nt. Actual res￿ rnay drfferfv? Ih8se 8stMn8185. The estimates and und￿￿'ng assumption5 are re¥re￿d rffi ar5 £ngc¥ng ba515. Re*ision5 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 w*8r8 tM 8fl6cts bc4h cuFr8nt and fvtur8 pèrfc*Js. 4 Dellch for th• finand*l 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¢n￿￿￿t 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 COMMI￿10￿&r% for England & Wahs Var￿u￿ items ￿1¢h are Tequirad by the Statement ofRewmm&nd&J Prd+kn lorknunti*g Repar￿ThJ 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 DI￿rnb￿r 2023 2DZJ 2022 Incom8 from flxed 8S$trt investment3 Other bank dewsft IniBrES1 rec6Yved 54,767 34,936 59.996 5.230 65.226 8 Staff Co•ts and Em0￿ments 20YJ 2022 GrDg$ Sd8rie5 P8n&MJn Payments Ilncl. bynp pens￿ Cmlrfbu￿C￿S S2.438 4,824 1,635 47,893 4,633 1.558 Numbws offvlltkn• •mploya•• orlull tlm• •W1￿knnts 202J 2022 Engaged on th8rit8blÈ a¢b￿be5 Engau*l m￿all￿ent adminislr8tion The1* ¥4*r8 no aM￿0Y￿S 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 T￿lu￿ 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 hi*cric* crtsl. No pro¥i￿on h8$ boon fvr dilaphyatons cn the buiklings as prthismjn lor term rWK}v*K￿ of the bui*Sing5 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￿￿]1￿95 (Kths are reptvnby by office Co￿S of £311,896 and hous8È of £217.304 as SW on lance ShB& as Reth¢ipO ￿P*31 4.The land at Parkskjo Gard•n6 Is Vosled n Ihe name of the o￿l￿al Custodian for lh• Chthves by ¥lrtu8 uf •n order of the Cunmis￿on￿s 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 Janu*y 2023 Additi￿6 al cc*i Canwng value oy dispjsa Net unre818ed gainllhx51 revaluatKM) of Investyn￿ts 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 inv88lrr￿1 adw8u8 ,492 Total I￿V•￿Tr￿ I￿ludIn￿ 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 Ll*tsd 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￿$81 P¥oGeeds 317 524 N•* T••ll••d 0.144 323,668 Llsted Invostm•nts Inc￿de thè fomowlng m4tarf•l ltsm8:. Listed investrnents incknde the fc41owinp holding8 each represenl tyeatèr than 5% of Ihe markol vqlue of tho crfrAio'. T>pb ol¥hore Holdlng M•vk•t Valu• 2￿43 arf(et V•lu• 2022 COIF Charity In¥estmenls Ino COIF Charity FU￿j8 D8veknrM￿t fvnd 9.589 196,919 165,519 172,3fj2 144.878 Unlts 21 Lanc•lot H￿l￿Gk Trnst NotÈs to the kcounts forth• y4•r ended 31 D•e•mbor 2023 11 D•btor& 2023 2ty21 ainlenance fe•5 deL*L*S 2.788 19,617 4.429 22,405 4,438 2022 Gted inve8tyn8m8 286.193 269.954 13 ¢rwlllryJ". falNng du• within on• 2tr22 Trade (Yedll Ac¢wed ewen5es PAYE and Nl Othw C￿dItOrS 10,347 19.4(X) 554 14.179 4,512 49.761 64.308 14 Rdated ptytr•n8a¢llon8 Thwe were nD m￿le¢j Patytrhn&athonB during the >tor 20231 20221. 15 01th• 14•t M+Mm*nt In Funds 2023 2022 N81 movamenl In fund5 frcm St81emÉnt irf Finan￿1 Acti Nel re50urce5 aWed on funcilcnd a550ts Rellsed gains on invesknents Net mov•m•nt In avallable forfuturn actMdoB 111,9531 12,4061 6,144 20,503 163,1901 56,W22 6.268 The n81 res(WTces aFpl•d on func￿(￿)￿ r￿ed aE5e15 and Ih$ invastment rep￿sents tha of 22 L•nrelot H￿lUCk 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• P￿dI TaThJth FlxEd ASSBIS Investments 31 y8￿311r 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¢v*￿t R•strlct•d Tolal & DeBlgnal•d nds Funds d8 TangfjN8 Flx*l 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 l￿d¥ lund o￿l￿￿ent fu Extraordinary RepairA Fund Capital En$JO￿￿￿t Fund 128,613 9,389 22.265 100,044 260311 257.789 132.19BI 41,921 ?9.104 14,495 272,264 85,549 123.376 135,329 Thè th8rity maintains o g8nwal unrestridod knd which topresenls funds whKh are expendabk 8t the d1scre1￿ffi of the tsustee5 in fvrther2nt4 of th8 ot¥etts d th8 charity. Such funds may be held In Order io ffflance both W0th￿9 cp¥ital and capital Investm￿1. The 8uUd*rys 4nd Eq￿prn￿t Fund15 resmcted a5 to of(*W.'11 g8ner•tes no income. The C8￿181 End0%￿nent Fund re51nct8¢J as to Ihe use of capitol.. the intx)me th8t it genor81?s 16 U88d fwthe goneral purpcffje of the Chanty. Extraorthn8ry Repairs Fund haB ￿en d8$IgTha￿d 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 ACt￿ntS rgqukfjd byiho Chariti1s (ActfJUrtB 4nd Rqw) Aguts￿l￿r￿. In¢omlng R•$our¢ 202) rot41 Funds 2023 FU￿d% 2Q23 Fthd• 1023 Totsi Funds 2022 201J Incomlng RKou1￿ from g•n•rat•d funds Volurtt*y ITh￿￿• Grnnts. IwGK•J Tglal Voluntlrylnromo from ltstrAI fhxad ASSBt knv8ytrn rxhoi bjnk dep051 Intwe5tre￿wed 54.767 54.767 34.99 50.996 5230 TotAI Inv•*trn•nt 19,703 81703 comlnq rn¥tyJrG*sfMm d￿fftabh acll¥lti 21nI￿ar￿eReVe￿u¢ Qyhei aic*arytrarthg ￿ 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 In￿*1￿¢￿¢ w¥•¢• Eed IbssesVgASns an Investments {14hgEI &351 41.429 [6.1441 141.473 $6,922 346.484 14,622 14,622 15,Z73 273 ¢08ts 014¢1fv1th Ihfwth•rnnc•ofth•¢fr•fftyi aWKUves Qeneral RwEirsand I48inlenance C¥r Park R8tg5 and t¥Ytsrt•ts5 Uohg & hgJl(not of I￿￿n￿l surnn(* 141.218 141,218 161.035 S,r￿S 5.729 6.462 705 17 ¥vpportGLwl• of¢h•rtt•bh She MenAgeti' s4￿ne$ 22.147 1.6 r2.147 1.635 15.222 20.233 7.55e 13.940 I1￿lrtenarÉes 24 Lancelot Hasluck TfU¥t $th￿ul¥10th¢ Slal•m•nt of Fln•n¢W Acllvlll forth•￿# •rtded 31 D￿•rn￿r 2023 ¢osts th•t8r• IKII dlrn¢tm•n0gWnWtfyhcifons IDh•wtln ggner•llryi (h¥¢ludlnu m•nag8Mwt•nd￿fftIn1&tyX1l0n costsl 2023 2022 Funds Funds Funds FundB 2D23 Totsl Fun& 2022 2023 2D23 2023 lork'sfees d8p8ndetbt EyArninets Fe le9￿ fee5 DeWeU*i￿ thfixod asgttts used ity 17.593 3,522 412 12.738 17.593 16.06S 41? 12,n8 12,137 Financ&Lthcetsfeos Pensi Travd And 6th￿stance RateB.Y+atthrand th¥yeB 12.698 4,￿4 12,B98 11,595 4.6 760 1.357 Telerthone ar￿ fax P05tagt. 5ubScnptknn6 sDkn¥￿* and web Gojts HoBIth ano Safèty￿61$ Bank £haruB¥ Sundryeyrb￿S 1812 326 1.280 9Z1 2.7[6 2,812 32B 1,280 921 2,766 134 2,438 524 651 t34 Total 80￿manC• Goth aft•rr•aloratSD 61,933 .744 Transfer1￿MI LmBthrthd 25