REGISTERED CHARITY NUMBER: 1000175
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 5 April 2025
for
Jill and Norman Franklin Trust
JBC Accountants Limited Chartered Accountants 3B Lockheed Court Preston Farm Stockton on Tees TS18 3SH
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In memory of Jill Franklin (1928 ~ 1988)
Obituary from the Guardian, Friday 1 April 1988
THE death of Jill Franklin at only 59 has robbed the world of architectural history of one of its most distinguished practitioners.
The daughter of a senior civil servant in the Treasury she read Greats at St. Hugh’s College, Oxford and subsequently worked as a typographer and designer for Chatto and Windus. She married Norman Franklin of Routledge and Kegan Paul in 1953, and it was while their four children were growing up that she began the study of art history as an | extra mural student of the University of London, by way of an intellectual diversion. Her exceptional ability was swiftly recognised by Margaret Whinney, and she went on to study for a Ph.D. at the Courtauld under the supervision of Nikolaus Pevsner.
The thesis she wrote then on the planning of the English country house became the basis of The Gentleman’s Country House and its Plan 1835-1940, published in 1981, a scholarly and exhaustive study. She described the refinements of planning which followed the polarisation of society into distinct classes, and the changing manners and the developing domestic technology of the time.
The research for this involved the study of the architects’ drawings, house visiting, and interminable reading of professional periodicals and building magazines, as well as the literature and many volumes of reminiscences written during this period. All this material was analysed, the houses separately described, and their plans meticulously redrawn to scale. It is a book which is constantly referred by her fellow architectural historians and those studying the sociology of the nineteenth and early twentieth centuries.
In 1973 she took up the post of tutor in the history of art and architecture with the Extramural Department of London University and later became a voluntary worker with the Camden Bereavement Service. Despite these calls upon her | time she was an enthusiastic member of the Victorian Society and organised each year memorable expeditions to country houses, during which the members were encouraged to contribute to a continuing discussion of planning and design. The care she took in arranging these visits made them most instructive and enjoyable, and they were always over-booked. She had recently been working on a new book on the development of lodges and gatehouses which promised to be as widely researched and innovative as that on the country houses. and it is sad that this cannot now appear.
Jill Franklin will probably be best remembered by her colleagues for her constant encouragement and readiness to talk over either major problems of interpretation of material, or interesting snippets of information which might turn out to be of importance. The value of such a friend is hard to express. She was greatly loved and is missed dreadfully.
Jill Allibone
In 1980 she was operated on for cancer, and in 1988 she died of septicaemia brought on by the lack of lymphatic glands in the armpit just after her 35th wedding anniversary, and just before her 60th birthday.
Trust Founder and Benefactor, Norman Franklin (1928 ~ 2023)
The founder, chairman of trustees and benefactor of the Jill Franklin Trust, Norman Franklin, died on 1 January 2023, just shy of his 95th birthday. We have renamed the trust to honour his memory
Norman Franklin was the youngest of four children and the only boy, born into a prosperous North London Jewish family. Norman was sent to prep school at seven. From Charterhouse, he went up to Balliol College, Oxford, where he read chemistry.
After university. Norman Franklin joined the family publishing firm, Routledge & Kegan Paul, where he worked until his retirement on the takeover of the company. Norman took over running the company after his father’s sudden death in 1961. He oversaw a golden era in the company’s history, publishing books by some of the great post-War thinkers, including Bertrand Russell, Edmund Husserl, Theodor Adomo and Carl Jung, making the house a hotbed of left-wing ideas in an era when serious academic publishing was undertaken by independent publishers. He also oversaw the expansion of the business into America and Australia, and the development of new areas of publishing including the Rough Guide brand and Pandora, a feminist imprint.
Norman met his first wife, Jill Franklin, through publishing at a Society of Young Publishers meeting when she was a designer at Chatto. Sadly, two months after the enforced retirement, Jill died suddenly, Norman established the trust in her memory. Norman was the driving force behind the trust for many years and was Chairman until his death. He had a strong vision to help unpopular causes where fundraising is harder, and often led the way with his funding decisions, leading others to follow suit.
He married Carol Gardiner, a copy-editor from RKP, in 1989. He outlived her too, because she died in 2007. Very soon after her death, Norman, aged 89, did a charity abseil down the outside of Guy’s hospital to raise funds for the hospice where Carol died.
Norman was also closely involved in a number of charities, sitting on their boards, giving help and advice and supporting them himself.
Norman was a devoted cyclist. Many of the charities we have supported, all over the country, will be familiar with Norman visiting them by bicycle. In older age he used an electric bike. In 2017, aged 89, Norman and his sons cycled from Land’s End to John O’Groats, raising £120,000. In 2021, he switched to an electric tricycle on medical advice. In November 2022, a mishap on the tricycle caused a broken hip from which he sadly did not recover.
Norman is survived by his four children, seven grandchildren and four great-grandchildren
We have renamed the trust to reflect the memory of both Jill and Norman.
Jill and Norman Franklin Trust
Contents of the Financial Statements for the Year Ended 5 April 2025
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report ofthe Trustees | 2 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement ofFinancial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Cash Flow Statement | 9 | ||
| Notes to the Cash Flow Statement | 10 | ||
| NotestotheFinancialStatements | 11 | to | 15 |
Jill and Norman Franklin Trust
Reference and Administrative Details for the Year Ended 5 April 2025
| TRUSTEES | Andrew Franklin |
|---|---|
| Samuel Alexander Franklin | |
| ThomasN Franklin | |
| Daniel Thomas TaylorFranklin | |
| PRINCIPAL ADDRESS | 4 Dinsdale Drive |
| Eaglescliffe | |
| Stockton-on-Tees | |
| TS16 9HQ | |
| REGISTEREDCHARITY | 1000175 |
| NUMBER | |
| INDEPENDENTEXAMINER | JBC Accountants Limited |
| Chartered Accountants | |
| 3B Lockheed Court | |
| Preston Farm | |
| Stockton on Tees | |
| TS18 3SH | |
| BANKERS | CAFBank |
| 25 Kings Hill Avenue | |
| Kings Hill | |
| WestMalling | |
| ME19 4JQ | |
| INVESTMENT MANAGERS | CCLA |
| SenatorHouse | |
| 85 Queen Victoria Street | |
| London | |
| EC4V4ET |
Page 1
Jill and Norman Franklin Trust
Report of the Trustees for the Year Ended 5 April 2025
The trustees present their report with the financial statements of the charity for the year ended 5 April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives
The Trust is a grant-making trust with powers to give money for any charitable purpose. We aim to support organisations working in the poorer regions of the UK (especially NE England) who work with:
-
Refugees and asylum seekers including people with No Recourse to Public Funds (NRPF)
-
Education and training of prisoners - Women who have survived or are at risk of domestic abuse - People with mental health issues - People with learning difficulties - People from the LBGT+ community Additionally, we will provide grants for the restoration of architecturally significant churches anywhere in UK. This is in particular reference to Jill's work as an architectural historian).
We have also provided a number of one-off grants to various organisations which were close to our late founder's heart,
Grant Policy
The Jill Franklin Trust has changed its policy towards a smaller number of larger grants (up to £40,000 per year) and is supporting charities which improve the lives of people in the North East of England and Central Scotland. We will consider grants from other regions and have continued to support Prisoners Educational Trust nationally.
The Trust receives income from investments and donations and makes grants from both capital and income. We are granting a proportion of our capital in recognition of:
-
Capital growth on our investments above inflation
-
Severe pressures on charities, facing increased demand and pressure on income
-
A decision by the trustees to spend down the capital over a period of approx. 15 years from 2023.
Public benefit
We have considered the Charity Commission's guidelines on what is a public benefit and we consider that all our grants fall under this rubric.
Mental Health and
Learning Difficulties: ensure that our beneficiaries’ clients are more likely to live a satisfying life.
Asylum seekers: we help a fraction of those suffering because of the Government's restrictions forbidding them to work and so help to remove their need to beg, which affects the wider community, preventing delinquency, begging, starvation and ill health.
Desistance from crime: research has shown that the desistance rate for prisoners who have received a grant for an educational course is double that of those prisoners who have not undertaken distance learning. Support for disengaged youth helps keep them from serious crime and imprisonment.
Women's Aid: We are supporting women and families who have suffered from and are at risk of domestic violence. We seek to support women and families to keep them safe from harm, to survive their trauma and to rebuild their lives. This supports vulnerable people in society.
LGBT+ People: We are supporting marginalised members of the LGBT+ community particularly in relation to their health and welfare. This supports vulnerable people in society.
State Schools in Camden, London: These grants support the education of a wide range of people from diverse backgrounds and will benefit the communities and families served by these schools.
Refurbishment of a Community Centre: We provided a large grant to refurbish a community centre in central Middlesbrough, NE England, which serves a very diverse community. The centre is owned and run by a CIC. This grant will benefit the local community which ranks as one of the most deprived areas in the country. This donation is in memory of Norman Franklin, the charity's founder.
Other Registered Charities: We gave a number of smaller grants to registered charities close to our founder's heart in fields of preservation of cultural heritage, promoting cycling and providing and supporting education.
Page 3
Jill and Norman Franklin Trust
Report of the Trustees for the Year Ended 5 April 2025
OBJECTIVES AND ACTIVITIES
Grantmaking
The four principal fields in which we have been providing grants are: - Self-help groups etc. for people with a mental illness or learning difficulties. - Organisations helping and supporting asylum seekers and refugees to the UK, including people with NRPF. - Grants to prisoners for education and training.
- Women's Aid, supporting women and families who have suffered from and are at risk from domestic violence. The grants for work with LGBT+ people falls into the above categories.
Analysis of our grants by category
Please note, some of our grants could be placed in more than one sector, for example, our grant to Wearside Women in Need is to fund a mental health link worker, but we have categorised this grant as Women's Aid not Mental Health.
Grants Analysed by Category
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20000
=Desistance =MentalHealth m= Refugees =WomensAid-DV = NormanLegacy
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Analysis of our Grants by UK Region
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Grants Awarded by Region
ve
= National =London # SouthEast ® NorthEast #® Scotland
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Page 3
Jill and Norman Franklin Trust
Report of the Trustees for the Year Ended 5 April 2025
OBJECTIVES AND ACTIVITIES
| Grants ofmorethan £10,000 to any one charity in the year: | Grants ofmorethan £10,000 to any one charity in the year: | ||
|---|---|---|---|
| Charity PrisonersEducationTrust |
Category Desistance |
UKRegion National |
Grant (£) 30,000 |
| Blyth StarEnterprises HandcraftedProject |
MentalHealth Mental Health |
NE NE |
40,000 38,580 |
| LGBTHealthy Living Centre | Mental Health | Scotland | 36,672 |
| Fightback | Refugees | NE | 18,000 |
| HaloProject MaryThompsonFund |
Refugees Refugees |
NE NE |
19,000 21,000 |
| Somewhere Else | Refugees | NE | 30,000 |
| The BikeProject | Refugees | National | 21,000 |
| Ubuntu WearsideWomen inNeed |
Womens Aid -DV Womens Aid -DV |
Scotland NE |
38,908 36,548 |
| Middlesbrough International Centre | _ NormanLegacy | NE | 250,000 |
Page 4
Jijl and Norman Franklin Trust
Report of the Trustees for the Year Ended 5 April 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Trust is a grant-making trust with powers to give money for any charitable purpose. It was established in a deed dated 28 August 1988
Trustees
All trustees have remained in post throughout the year.
Investment Management
The Trustees’ Investment strategy is to sustain long-term income growth so that we can continue to increase our annual donations at least in line with inflation. We have an ethical investment policy and we invest in ethical charity combined funds in UK equities, property funds and global investment funds.
The value of the trust's investments at 5 April 2025 is £1,966,278 (2024: £2,126,983). Total investment income during the year to 5 April 2025 was £68,911 (2024: £71,957) and total income for the year was £556,611 (2024: £72,024). The total value of grants made during the year to 5 April 2025 £654,708 (2024: £265,676).
Investments have fallen in value over the year by 4.9%.
Reserves Policy
All of the Trust's funds are expendable. The trustees aim to keep sufficient liquid funds to cover committed and likely expenditure. We have decided that we will make a small number of larger grants of up to £40,000 per year for social and welfare purposes. We have funds to make a small number of smaller one-off grants, usually £1000-£3000 for social, welfare and church restoration. Capital of £60,000 has been used to maintain our support for charitable purposes.
Risk Management
The principal risk to be met by the Trust would be the failure of the investment made to produce sufficient money to support the grant making commitments already announced; such commitments are moral and not contracted although we would still see them as binding. We consider that the assets of the trust are such that this risk is negligible considering the size of our commitment and investments and the diversity of our investments.
Future Commitments and Income
The trustees have also committed to provide grants totalling £374,060 during 2025-26 and £47,500 in 2026-27. All of these commitments were made before the year-end covered by this report.
Long Term Future of the Trust
The trustees have resolved that the trust should have a limited life and to gradually spend the capital within the trust over a period of approx. 15 years from 2023. The exact life of the trust is not certain. owing to the unpredictability of long term financial forecasts.
Approved by order of the board of trustees on ....20.September2025 |. and signed on its behalf by:
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a = j
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Samuel Alexander Franklin - Trustee
Page 5
Independent Examiner's Report to the Trustees of Jill and Norman Franklin Trust
Independent examiner's report to the trustees of Jill and Norman Franklin Trust
I report to the charity trustees on my examination of the accounts of Jill and Norman Franklin Trust (the Trust) for the year ended 5 April 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member ofa listed body. I can confirm that I am qualified to undertake the examination because J am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2, the accounts do not accord with those records; or
-
3, the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mrs Lynne Dickson
JBC Accountants Limited Chartered Accountants 3B Lockheed Court Preston Farm Stockton on Tees TS18 38H
Date: 3a SepkeMioel ORS
Page 6
Jill and Norman Franklin Trust
Statement of Financial Activities for the Year Ended 5 April 2025
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|||||||||
|---|---|---|---|---|---|---|---|
|5/4/25|5/4/24|
|Unrestricted|Restricted|Total|Total|
|fund|funds|funds|funds|
|Notes|£|£|£|£|
|INCOME AND ENDOWMENTS FROM|
|Donations|and|legacies|2|485,000|-|485,000|-|
|Investment|income|3|71,611|-|71,611|72,024|
|Total|556,611|-|556,611|72,024|
|EXPENDITURE|ON|
|Charitable|activities|4|
|Charitable|654,708|-|654,708|265,676|
|Other|1,869|-|1,869|1,330|
|Total|656,577|-|656,577|267,006|
|Net|gains/(losses) on|investments|(100,705)|-|(100,705)|120,746|
|NET INCOME/(EXPENDITURE)|(200,671)|-|(200,671)|(74,236)|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|2,211,652|-|2,211,652|2,285,888|
|TOTAL FUNDS CARRIED FORWARD|2,010,981|-|2,010,981|2,211,652|
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The notes form part of these financial statements
Page 7
JiJLand Norman Franklin Trust
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Balance|Sheet|
|5|April|2025|
|5/4/25|5/4/24|
|Unrestricted|Restricted|Total|Total|
|fund|funds|funds|funds|
|Notes|£|£|£|£|
|FIXED|ASSETS|
|Investments|9|1,966,278|-|1,966,278|2,126,983|
|CURRENT ASSETS|
|Cash|at bank|45,783|-|45,783|85,750|
|CREDITORS|
|Amounts|falling due|within one|year|10|(1,080)|-|(1,080)|(1,081)|
|NET CURRENT|ASSETS|44,703|-|44,703|84,669|
|TOTAL|ASSETS|LESS|CURRENT|
|LIABILITIES|2,010,981|-|2,010,981|2,211,652|
|NET ASSETS|2,010,981|-|2,010,981|2,211,652|
|FUNDS|11|
|Unrestricted|funds|2,010,981|2,211,652|
|TOTAL FUNDS|2,010,981|2,211,652|
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The financial statements were approved by the Board of Trustees and authorised for issue on .....£0, September2025 ._.........and were signed on its behalf by:
rs = fy Swotert + £ vee ey Samuel Alexander Franklin - Trustee
The notes form part of these financial statements
Page 8
Jill and Norman Franklin Trust
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||||||||
|---|---|---|---|---|---|---|
|Cash|Flow|Statement|
|for the|Year|Ended|5|April|2025|
|5/4/25|5/4/24|
|Notes|J|£|
|Cash|flows|from|operating|activities|
|Cash|generated|from|operations|1|(171,578)|(267,189)|
|Net cash|used|in operating|activities|(171,578)|(267,189)|
|Cash|flows|from|investing|activities|
|Sale|of fixed|asset|investments|60,000|205,000|
|Interest|received|2,700|67|
|Dividends|received|68,911|71,957|
|Net cash|provided|by|investing|activities|131,611|277,024|
|Change|in|cash|and|cash|equivalents|in|
|the|reporting|period|(39,967)|9,835|
|Cash|and|cash|equivalents|at the|
|beginning|of the|reporting|period|85,750|75,915|
|Cash|and|cash|equivalents|at the|end|of|
|the|reporting period|45,783|85,750|
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The notes form part of these financial statements
Page 9
Jill and Norman Franklin Trust
Notes to the Cash Flow Statement for the Year Ended 5 April 2025
1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | ||
|---|---|---|
| §/4/25 | 5/4/24 | |
| £ | £ | |
| Net expenditure for the reporting period (as per the Statementof | ||
| Financial Activities) | (200,671) | (74,236) |
| Adjustments for: | ||
| Losses/(gain) on investments | 100,705 | (120,746) |
| Interest received | (2,700) | (67) |
| Dividends received | (68,911) | (71,957) |
| Decrease in creditors | (1) | (183) |
| Netcashusedinoperations | (171,578) | (267,189) |
- ANALYSIS OF CHANGES IN NET FUNDS
| At 6/4/24 | Cash flow | At 5/4/25 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash atbank | 85,750 | (39,967) | 45,783 |
| 85,750 | (39,967) | 45,783 | |
| Total | 85,750 | (39,967) | 45,783 |
The notes form part of these financial statements
Page 10
Jill and Norman Franklin Trust
Notes to the Financial Statements for the Year Ended 5 April 2025
- ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
Income is recognised in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, the trustees are virtually certain they will receive the resources and the monetary value can be measured with sufficient reliably.
When income has related expenditure (as with fundraising or contract income), the income and related expenditure are reported gross in the SOFA.
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resource.
Tax reclaims on donations and gifts are included in the SOFA st the same time as the gift to which they relate.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis.
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources,
Governance costs include the preparation and examination of statutory accounts, the cost of trustee meetings and the costs of any legal advice to the trustees on governance or constitutional matters and membership of the Association of Charitable Foundations.
Grants offered subject to performance conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. They are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants offered without performance conditions are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
The Charity has a single endowment the income from which the trustees may, at their discretion, allocate to the general purpose of the Trust.
Restricted funds are funds to be used in accordance with specific restrictions imposed by the donor or trust deed.
Unrestricted funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects.
Fixed assets
The charity has no tangible fixed assets.
Page 11
continued...
Jill and Norman Franklin Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
1. ACCOUNTING POLICIES- continued
Fixed assets
Investments are initially recognised at their transaction value and subsequently measured at their market value as at the balance sheet date using the closing quoted market value on a recognised stock exchange. Other investment assets are included at the trustees' best estimate of market value.
The SOFA includes the net gains and losses arising on revaluation and disposals throughout the year. Income arising from investments is included in the accounts when receivable. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value of their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between their market value at the year end and their carrying value.
| 2. | DONATIONSAND LEGACIES | ||
|---|---|---|---|
| 5/4/25 | 5/4/24 | ||
| £ | £ | ||
| Legacies | 485,000 | : | |
| 485,000 | - | ||
| 3. | INVESTMENT INCOME | ||
| 5/4/25 | 5/4/24 | ||
| £ | £ | ||
| Charitable investment funds | $5,731 | 52,015 | |
| Property fund | 13,180 | 19,942 | |
| Interest received | 2,700 | 67 | |
| 71,611 | 72,024 | ||
| 4. | CHARITABLE ACTIVITIES COSTS | ||
| Grant | |||
| funding of | |||
| activities | |||
| (seenote | |||
| 5) | |||
| £ | |||
| Charitable | 654,708 | ||
| 2025 | 2024 | ||
| Grants made: | £ | £ | |
| Unrestricted fund | 654,708 | 265,676 | |
| Restricted fund | - | - | |
| —654,708 | 255,676 |
Page 12
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Jill and Norman Franklin Trust
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Notes|to|the|Financial|Statements|-|continued|
|for the Year Ended|5|April 2025|
|5.|GRANTS|PAYABLE|
|5/4/25|5/4/24|
|£|£|
|Charitable|654,708|265,676|
|The|total|grants|paid|to|institutions|during the|year was|as|follows:|
|5/4/25|5/4/24|
|£|£|
|Church|Restoration|-|14,000|
|Desistance|20,000|12,000|
|Mental|Health|115,252|76,560|
|Refugees|109,000|130,116|
|Women|Aid|75,456|33,000|
|Norman|Legacy|335,000|-|
|654,708|265,676|
|6.|SUPPORT COSTS|
|Governance|
|Finance|costs|Totals|
|£|£|£|
|Other resources|expended|59|1,810|1,869|
|7.|TRUSTEES'|REMUNERATION AND|BENEFITS|
|There|were|no|trustees’|remuneration|or|other|benefits|for|the|year|ended|5|April|2025|nor|for|the|year|ended|
|5|April|2024.|
|Trustees’|expenses|
|There|were no|trustees’|expenses|paid|for the year ended|5|April|2025|nor|for the|year ended|5|April|2024.|
|8.|COMPARATIVES|FOR THE|STATEMENT OF|FINANCIAL|ACTIVITIES|
|Unrestricted|Restricted|Total|
|fund|funds|funds|
|£|£|£|
|INCOME|AND ENDOWMENTS|FROM|
|Investment|income|72,024|-|72,024|
|EXPENDITURE|ON|
|Charitable|activities|
|Charitable|265,676|-|265,676|
|Other|1,330|-|1,330|
|Total|267,006|-|267,006|
|Net gains|on|investments|120,746|-|120,746|
|NET INCOME/(EXPENDITURE)|(74,236)|-|(74,236)|
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Jill and Norman Franklin Trust
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|---|---|---|---|---|---|---|---|---|---|
|Notes|to|the|Financial|Statements|-|continued|
|for the Year|Ended|5|April|2025|
|8.|COMPARATIVES FOR THE|STATEMENT|OF|FINANCIAL ACTIVITIES|-|continued|
|Unrestricted|Restricted|Total|
|fund|funds|funds|
|£|£|£|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|2,285,888|-|2,285,888|
|TOTAL FUNDS CARRIED FORWARD|2,211,652|-|2,211,652|
|9,|FIXED|ASSET|INVESTMENTS|
|2025|
|£|
|MARKET VALUE|
|At 6|April|2024|2,126,983|
|Disposals|at|carrying|value|(60,000|)|
|Revaluation|(100,705|)|
|At|5|April|2025|1,966,278|
|10.|CREDITORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE YEAR|
|5/4/25|5/4/24|
|£|£|
|Trade|creditors|-|1|
|Other|creditors|1,080|1,080|
|1,080|1,081|
|11.|MOVEMENT|IN|FUNDS|
|Net|
|movement|
|At|6/4/24|in|funds|At|5/4/25|
|£|£|£|
|Unrestricted|funds|
|General|fund|2,211,652|(200,671)|2,010,981|
|TOTAL FUNDS|2,211,652|(200,671)|2,010,981|
|Net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|556,611|(656,577)|(100,705)|(200,671)|
|TOTAL FUNDS|§56,611|(656,577)|(100,705)|(200,671)|
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continued...
Jill and Norman Franklin Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
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----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Net|
|movement|
|At|6/4/23|in|funds|At|5/4/24|
|£|£|£|
|Unrestricted|funds|
|General|fund|2,285,888|(74,236)|2,211,652|
|TOTAL FUNDS|2,285,888|(74,236)|2,211,652|
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Comparative net movement in funds, included in the above are as follows:
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|||||||
|---|---|---|---|---|---|
|Incoming|Resources|Gains and|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|72,024|(267,006)|120,746|(74,236)|
|TOTAL FUNDS|72,024|(267,006)|120,746|(74,236)|
----- End of picture text -----
- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2025.
- GRANT MAKING
Details of larger grants are included in the Trustees’ Annual Report, which includes details of material grants made to institutions.
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