| Page | |||
|---|---|---|---|
| Trustees' | annual report |
||
| Independent examiner's report to the trustees |
|||
| Statement | offinancial | activities | |
| Statement | offinancial | position | |
| Notes to the financial | statements |
| Registered | charity | name | Francon Trust |
|---|---|---|---|
| Charity registration | number | 1003592 | |
| Principal office | 42 Eafield Avenue | ||
| Milnrow | |||
| Rochdale | |||
| OL16 3UN | |||
| The trustees |
| Year ended 31 | July | 202 | 1 | ||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Unrestricted | |||||||
| funds | Totalfunds | Total funds | |||||
| Note | E | ||||||
| Income and endowmenR | |||||||
| Investment income |
4 | 28,383 | 28,383 | 32,042 | |||
| Total income | 28,383 | 28,383 | 32,042 | ||||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Investment management |
costs | 5 | 13,050 | 13,050 | 12,093 | ||
| Expenditure on charitable |
activities | 6,7 | 44,984 | 44,984 | 53,657 | ||
| Total expenditure | 58,034 | 58,034 | 65,750 | ||||
| Net gains/(losses) | on investments | 10 | 197,675 | 197,675 | 97,532 | ||
| Net income/(expenditure) | and net movement | in funds | 168,024 | 168,024 | 131,240 | ||
| Reconciliation of |
funds | ||||||
| Total funds brought | forward | 1,287,298 | 1,287,298 | 1,418,538 | |||
| Total funds carried forward | 1,455,322 | 1,455,322 | 1,287,298 |
| 31July 2021 | ||||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Note | F | |||||
| Current assets | ||||||
| Investments | 14 | 1,444,416 | 1,271,408 | |||
| Cash at bank and | in | hand | 12,896 | 17,075 | ||
| 1,457,312 | 1,288,483 | |||||
| Creditors: amounts | falling | due within one year | 15 | 1,990 | 1,185 | |
| Net current assets | 1,455,322 | 1,287,298 | ||||
| Total assets less | current | liabilities | 1,455,322 | 1,287,298 | ||
| Net assets | 1,455,322 | 1,287,298 | ||||
| Funds ofthe charity | ||||||
| Unrestricted funds |
1,455,322 | 1,287,298 | ||||
| Total charity funds | 18 | 1,455,322 | 1,287,298 |
| Investment | income | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2021 | Funds | 2020 | ||||
| E | |||||||
| Income from | investments | 28,383 | 28,383 | 32,004 | 32,004 | ||
| Bank interest receivable | 38 | 38 | |||||
| 28,383 | 28,383 | 32,042 | 32,042 | ||||
| Investment | management | costs | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2021 | Funds | 2020 | ||||
| F | F | ||||||
| Investment | management | fees | 13,050 | 13,050 | 12,093 | 12,093 |
| 6. | Expenditure | on charitable | on charitable | activities | by fund type | by fund type | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total | Funds | |||||||
| Funds F |
2021 f |
Funds | 2020 f |
||||||||
| Grants to students | 41,500 | 41,500 | 48,503 | 48,503 | |||||||
| Supportcosts | 3,484 | 3,484 | 5,154 | 5,154 | |||||||
| 44,984 | 44,984 | 53,657 | 53,657 | ||||||||
| 7. | Expenditure | on charitable | activities | by activity type | |||||||
| Grant | funding | Total funds | Total fund | ||||||||
| of | activities Support f |
costs f |
2021 | 2020 | |||||||
| Grants to students | 41,500 | 3,484 | 44,984 | 53,657 | |||||||
| 8. | Analysis ofgrant funding | support costs | |||||||||
| Analysis of | |||||||||||
| support | costs | ||||||||||
| for grant | |||||||||||
| funding | |||||||||||
| activities f |
Total 2021 f |
Total 2020 f |
|||||||||
| Governance | costs | 765 | 765 | 1,184 | |||||||
| Administrative | costs | 2,719 | 2,719 | 3,970 | |||||||
| 3,484 | 3,484 | 5,154 | |||||||||
| 9. | Analysis ofgrants | ||||||||||
| 2021 f |
2020 f |
||||||||||
| Grants to individuals | |||||||||||
| Grants to students | 41,500 | 48,503 | |||||||||
| Total grants | 41,500 | 48,503 | |||||||||
| 10. | Net gains/(losses) | on investments | |||||||||
| Unrestricted | Total Funds | Unrestricted | Total | Funds | |||||||
| Funds f |
2021 f |
Funds f |
2020 f |
||||||||
| Gains/(losses) | on investments | 197,675 | 197,675 | (97,532) | (97,532) |
| Independent | examinatio | n fees |
|||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| E | |||||
| Fees payable | to the independent | examiner for: | |||
| Independent | examination | ofthe | financial statements | 960 | 1,185 |
| 14. | Investments | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| F | ||||
| Investec listed investments | 1,444,416 | 1,271,408 | ||
| 15. | Creditors: amounts | falling due within one year | ||
| 2021 | 2020 f |
|||
| Accruals and deferred | income | 1,990 | 1,185 |
| Unrestricted | funds | |||||
|---|---|---|---|---|---|---|
| At | ||||||
| 1 August 202 | Gains and | At | ||||
| 0 | Income | Expenditure | losses | 31July 2021 | ||
| E | E | E | E | |||
| General funds | 1,287,298 | 28,383 | (58,034) | 197,675 | 1,455,322 | |
| At | ||||||
| 1 August 201 | Gains and | At | ||||
| 9 | Income | Expenditure | losses | 31 July 2020 | ||
| F | E | E | ||||
| General funds | 1,418,538 | 32,042 | (65,750) | (97,532) | 1,287,298 |
| Analysis ofnet as | sets between funds | ||
|---|---|---|---|
| Unrestricted | Total Funds | ||
| Funds f |
2021 | ||
| Investments | 1,444,416 | 1,444,416 | |
| Current assets | 12,896 | 12,896 | |
| Creditors less than | 1 year | (1,990) | (1,990) |
| Net assets | 1,455,322 | 1,455,322 | |
| Unrestricted | Total Funds | ||
| Funds | 2020 f |
||
| Investments | 1,271,408 | 1,271,408 | |
| Current assets | 17,075 | 17,075 | |
| Creditors less than | 1 year | (1,185) | (1,185) |
| Net assets | 1,287,298 | 1,287,298 |