THE FREELANDS FOUNDATION LIMITED
Financial health, per its FY2023 accounts
The accounts state that total net assets amounted to £52,441,299, with free reserves of £52,145,382. The trustees report that these reserves significantly exceed the stated policy target of £1,500,000, which covers three months of running costs and committed grants. The foundation is not reliant on external fundraising, having received no donations in 2023, and maintains a strong financial base to continue its charitable activities.
What the accounts disclose
“The trustees are committed to ensuring minimum reserves needed to cover 3 months running costs plus committed grants for the same period, totalling £1,500,000.”
“Freelands Foundation’s headquarters at 113 Regent’s Park Road, London, NW1 8UR is provided to the organisation as a gift in kind from Freelands FIG Ltd. Freelands FIG Ltd is ultimately owned by the EM Family Trust, of which Elisabeth Murdoch and Keith Tyson are beneficiaries.” — page 87
“Services, including senior level staff support in finance, accounting, investments, strategy and communications, were donated to the Foundation by Freelands Group Ltd which is ultimately owned by EM 2019 Trust. Elisabeth Murdoch is a beneficiary of EM 2019 Trust.” — page 87
“Freelands Foundation’s headquarters at 113 Regent’s Park Road, London, NW1 8UR is provided to the organisation as a gift in kind from Freelands FIG Ltd. Freelands FIG Ltd is ultimately owned by the EM Family Trust, of which Elisabeth Murdoch and Keith Tyson are beneficiaries.” — page 87
“Services, including senior level staff support in finance, accounting, investments, strategy and communications, were donated to the Foundation by Freelands Group Ltd which is ultimately owned by EM 2019 Trust. Elisabeth Murdoch is a beneficiary of EM 2019 Trust.” — page 87
Structured financials (annual return, FY ending 31/12/2020)
Trustees
- Elisabeth Murdochchair
- Keith Thomas Tyson
- MARK DEVEREUX
- Sarah Sue Von Schmidt Auf Altenstadt
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £298k | £4.5m |
| 31/12/2023 | £264k | £5.5m |
| 31/12/2022 | £409k | £5.2m |
| 31/12/2021 | £441k | £5.1m |
| 31/12/2020 | £870k | £6.6m |
Common questions
Is THE FREELANDS FOUNDATION LIMITED financially healthy?
The accounts state that total net assets amounted to £52,441,299, with free reserves of £52,145,382. The trustees report that these reserves significantly exceed the stated policy target of £1,500,000, which covers three months of running costs and committed grants. The foundation is not reliant on external fundraising, having received no donations in 2023, and maintains a strong financial base to continue its charitable activities. Its FY2023 accounts were audited by Sayer Vincent LLP.
Who funds THE FREELANDS FOUNDATION LIMITED?
Funders whose own accounts filings name THE FREELANDS FOUNDATION LIMITED as a grant recipient include MANCHESTER CITY GALLERIES TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| MANCHESTER CITY GALLERIES TRUST | FY2024 | £25k |
| MANCHESTER CITY GALLERIES TRUST | FY2024 | £11k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GENERATIONAL FOUNDATION | 1 | £500k |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £300k |
| THE LIZ AND TERRY BRAMALL FOUNDATION | 1 | £100k |
| THE BARTLETT FOUNDATION | 1 | £54k |
| GIVE A GIFT | 1 | £45k |
| THE ARNOLD BURTON 1998 CHARITABLE TRUST | 1 | £35k |
| MILLS AND REEVE CHARITABLE TRUST | 1 | £1k |