Charity Accounts Intelreading the accounts so you don’t have to

THE ALDGATE FREEDOM FOUNDATION

Registered charity 207046 · accounts filings on the Charity Commission register

The Charity provides relief of poverty in any way that the trustees see fit including the provision of financial assistance to individuals or organisations (including charities) resident, employed or found in the Freedom part of the Parish of St. Botolph-without-Aldgate and the area to the boundry of the Portsoken Ward of the City of London.

Causes: The Advancement Of Health Or Saving Of Lives · The Prevention Or Relief Of Poverty · website · Get email alerts

Latest income
£67k
Latest spending
£90k
Registered
1962
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity held unrestricted reserves of £544,883 at year-end, which exceeds its annual charitable expenditure of £90,086. The trustees confirm the charity is a going concern with sufficient resources to maintain operations for at least 12 months. The charity incurred a net expenditure before investment gains of £23,370, supported by investment income and gains.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: prudent amount to allow for future eventualities (held: £545k)
“The Trustees have agreed a policy to retain such free reserves as is prudent to allow for future eventualities. This policy is reviewed on a regular basis.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Grants to St. Botolph-without-Aldgate PCA
“The Rector, and the Church Wardens are related parties in respect of the four grants in 2024 totaling £11,780 (2023: £86,780) to funds and activities administered by the St. Botolph-without-Aldgate PCC, as shown in note 6.” — page 18
“Mr H.L.M. Jones is a related party in respect of the grants to the Three Score Club and the Wingate Golden Oldies as a result of his role as an officer assisting in the organisation of activities for the members of the clubs.” — page 18
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Grants to Three Score Club and Wingate Golden Oldies
“The Rector, and the Church Wardens are related parties in respect of the four grants in 2024 totaling £11,780 (2023: £86,780) to funds and activities administered by the St. Botolph-without-Aldgate PCC, as shown in note 6.” — page 18
“Mr H.L.M. Jones is a related party in respect of the grants to the Three Score Club and the Wingate Golden Oldies as a result of his role as an officer assisting in the organisation of activities for the members of the clubs.” — page 18
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2020)

Total income
£570k
Total spending
£185k
Cost of raising funds
£102k
Reserves (reported)
£656k
Employees
2

Per its annual return, largest income source: Other (91% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 18.0% of total income.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: City Of London

Income and spending

Financial year endIncomeSpending
31/12/2024£67k£90k
31/12/2023£68k£164k
31/12/2022£63k£94k
31/12/2021£50k£80k
31/12/2020£570k£185k

Common questions

Is THE ALDGATE FREEDOM FOUNDATION financially healthy?

Per its FY2024 accounts: The accounts state that the charity held unrestricted reserves of £544,883 at year-end, which exceeds its annual charitable expenditure of £90,086. The trustees confirm the charity is a going concern with sufficient resources to maintain operations for at least 12 months. The charity incurred a net expenditure before investment gains of £23,370, supported by investment income and gains. Its FY2024 accounts were independently examined.