2023-12-31-accounts

			Page
Report of	the Trustees		1-11
Trustees	Responsibility	Statement	12
Report of	the Independent Auditors		13-14
Statement	of Financial	Activities	15
Statement	of Financial	Position
Notes to the Financial		Statements	17-21
Detailed Statement of		Financial Activities	22-23

32Freemen's Holt Old Church Street Leicester Leicestershire LE2 8NH
Trustees
Name	Role			Date appointed	within	Date resigned	within
				2023		2023
Lynn Roffee	Chair of Board
Malcolm Ballard	Vice Chair of Board, Chair		of
	General Purposes,	Chair of Property
	and Estates
Sue Freeman	Chair ofFinancefTreasurer,		Chair of
	Welfare
Susan Pallett	Vice Chair of Finance			February 2023
Christopher Campbell	Vice Chair ofProperty and		Estates
Linda Norman	Vice Chair ofWelfare Committrm
Susan Cave	Deputy
Brian Mudford	Deputy					February 2023
Peter Bates	Deputy
Barry Daniell	Deputy
Maurice Hill	Deputy					June 2023
Ross Norman	Deputy
Andrew Chawner	Deputy
Robert Staines	Deputy
Lucy Manship	Deputy
Joseph Goddard	Deputy
Jane Wildbore	Deputy					February 2023

									31/12/23	31/12/22
							Unrestricted		Total funds	Total funds
							funds	Restricted
								fund
						Notes	6	6
INCOME AND ENDOWMENTS				FROM
Donations and other		income					23,129		23,129	9,144
Chadtable	activities
Management	ofthe	Leicester Freemen's			Estate		80,722		80,722	70,418
investment	income					2	201,045		201,045	203,358
Total							304,896		304,896	282,920
EXPEND&TURE ON
Raising funds
Investment	management		costs			3	15,670		15,670	16,765
									15,670	16,765
Charitable	activities
Management	ofthe	Leicester Freemen's			Estate		269,574		269,574	219,183
Governance	costs						7,999		7,999	5,915
Other							2,525		2,525	4,190
Total							280,098		280,098	229,288
Net gains/(losses) on investments							418,880	229	419,109	~764,265)
NET INCOME/(EXPENDITURE)							428,008		428,237	(727,398)
RECONCILIATION		OF	FUNDS
Total funds	brought forward						7,659,026	13,339	7(672365	8,399,763
Transfer of	funds
TOTAL FUNDS CARRIED FORWARD							8,087,034	13,568	8,100,602	7,672,365

				31/12/23	31/12/22
		Unrestricted		Total funds	Total funds
		funds	Restricted
			fund
	Not	6	6
	es
FIXEDASSETS
Tangible assets	8	1,328,706		1,328,706	1,049,505
investments	9	6,683,835	13,568	6,697,403	6,289,322
		8,012,541	13,568	8,026,109	7,338,827
CURRENT ASSETS
Debtors	10	26,867		26,867	51,622
Cash at bank and in hand		70,578		70,578	288,653
		97,445		97,445	340,275
CREDITORS
Amounts falling due within one year	11	(22,952)		(22,952)	(6,737)
NET CURRENT ASSETS		74,493	13,568	74,493	333,538
TOTAL ASSETSLESSCURRENT LIABILITIES		8,087,034	13,568	8,100,602	7,672,365
NETASSETS		8,087,034	13,568	~8,100602	7,672,365
FUNDS	12
Unrestdicted funds				8,087,034	7,659,026
Restricted funds				13,568	13,339
TOTAL FUNDS				8,100,602	7,672,365

INVESTM	ENT INCOME
						31/12/23	31/12/22
						6
Dividends	received - Brewin	Dolphin				72,444	80,712
Dividends	received - Other	Investments				128,123	122,485
Deposit account interest						478	161
						201,045	203,358
INVESTMENT MANAGEMENT			COSTS
						31/12/23	31/12/22
						6	5
Investment	portfolio management		costs			15,670	16,765
AUDITORS' REMUNERATION
						31/12/23 f	31/12/22 f
Fees payable to the charity's		auditors		for the audit ofthe charity's	financial
statements						4.230	4,200

The average monthly nu	mber of	em	ploy	ees	during the year wa	s as follows:
							31/12/23	31/12/22
Support staff							2	2
No employees received	emoluments		m	excess of660,000.
All the employees were	involved	in	providing		either support to the governance ofthe Charity or support services to
charitable activities.
COMPARATIVES FOR THE STATEMENT					OF FINANCIAL ACTIVITIES
						Unrestricted		Total funds
						funds	Restricted
							fund
							6	6
WCOME AND ENDOWMENTS		FROM
Donations and legacies						9,144		9,144
Charitable activities
Management of the Leicester Freemen's				Estate		70,418		70,418
Investment income						203,358		203,358
Total						282,920		282,920
EXPENDITURE ON
Investment management	costs					16,765		16,765
Charitable activities
Management of the Leicester Freemen's				Estate		219,183		219,183
Governance costs						5,915		5,915
Other						4,190		4,190
Total						229,288		229,288
Net gains/(losses) on investments						~763,875)	~390)	~64W5)
NET INCOME/(EXPENDITURE)						(727,008)	(390)	(727,398)
RECONCILIATION OF	FUNDS
Total funds brought forward						8,394,047	5,716	8,399,763
Transfer offunds						(7,623)	7,623
TOTAL FUNDS CARRIED FORWARD						7,659,026	13,339	7,672,365

TANGIBLE FIXE	DASSETS
		Freehold	Plant and
		property	machinery	Totals f
COST
At 1 January 2023 Additions Disposals		1,463,759 314,071	91,609 3,318 ~1,047)	1,555,368 317,389 ~1,047)
At 31 December	2023	1,777,830	93,880	1,871,710
DEPRECIATION
At 1 January 2023 Charge for year Eliminated on disposal		419,146 35,196	86,717 2,207 ~262)	505,863 37,403 ~262
At 31 December	2023	454,342	88,662	543,004
NET BOOK VALUE
At 31December	2023	1,323,488	5,218	~1328706
At 31 December	2022	1,044,613	~4892	1,049,505

FIXEDASSET INVEST	ME	NT	S
				Brewin	Other
				Dolphin	Investments	Totals
				Portfolio
				6
MARKET VALUE
At 1 January 2023				2,835,783	3.453,549	6,289,332
Additions to investment	at	cost		540,522		540,522
Disposals - Net proceeds				(551,558)		(551,558)
Net unrealised gains/(losses)			on revaluation	(11,755)	250,677	238,922
Net realised gains/(losses)		on	disposal	180,185		180,185
At 31 December 2023				2,993,177	3,704,226	6,697,403
At 31 December 2022				2,835,783	3,453,549	6,289,332
DEBTORS: ANIOUNTS	FALLING DUE WITHIN ONE YEAR
					31/12/23	31/12/22
					5	5
Other debtors					21,025	47,464
Prepayments					5,842	4,158
					26,867	51,622

	31/12/23	31/12/22
	6
Taxation and social security
Other creditors	493	934
Accruals	22,459	5,803
	22,952	5,737

						31/12/23	31/12/22
						6	E
INCOME AND ENDOWMENTS
Donations and other income
Donations						1,262	880
Miscellaneous income						2223	3,934
Insurance claim						19,644	4,330
						23,129	9,144
Investment income
Dividends received	- Brewin Dolphin					72,444	80,712
Dividends received	- Other	Investments				128,123	122.485
Deposit account interest						478	161
						201,045	203,358
Charitable activities
Bungalows - Weekly	Maintenance		Contributions	(WMC)		79,357	69,398
Accommodation charges						1,365	1,020
						80,722	70,418
Total incoming resources						304,896	282,920
EXPENDITURE
investment management		costs
Investment portfolio	management		costs			15,670	16,765
Charitable activities
Wages						79,454	72,619
Pensions						2.293	2,102
Computer expenses						1i311	1,850
Staff first aid course						358
Staff travelling expenses						24
Telephone						807	454
Printing and stationery						2,380	2,058
Postage						1,545	1,693
Sundries						1,577	414
Estate management	-Repairs					91,582	65,327
Estate management	- Bungalow repair work -insurance				claim	20,425
Estate management Estate management	- Depreciation - Profit on disposal offixed			assets		2,208 (262)	2,239
Estate management	—Council rates, insurance					8,575	16,608
Estate management	-Gas/Elec/Water					12,759	16,446
Alarm monitoring costs						5,513	3,336
Annual inspection dinner						838	748
Activities and eventS						3,350	5,295
Freehold property -	Depreciation					35,195	27,994
						269,932	219,183
Other
Charitable payments						2,525	4,190

	FOR THE YEAR ENDED 31 D	ECEMBER 2023
		31/12/23	31/12/22
		5	5
Support Costs
Governance costs
Auditors' remuneration		4,230	4,200
Deputies travelling expenses		2,146	1,339
Accountancy		394	376
Legal and professional	costs	871
		7,641	5,915
Total resources expended		295,768	245,053
Net income before gains and losses		9,128	36,867
Realised recognised gains and losses
Realised gains on investments		180,186	394,645
Unrealised gains/(losses)	on investments	238,922	(1,158,910)
Net income/(expenditure)		~428 236	(727,398)