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||||Page|
|---|---|---|---|
|Trustees'|annual<br>report|||
|Independent<br>examiner's<br>report to the trustees||||
|Statement|offinancial|activities||
|Statement|offinancial|position||
|Notes to the financial||statements||





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|Registered|charity|name|Francon Trust|
|---|---|---|---|
|Charity registration||number|1003592|
|Principal office|||42 Eafield Avenue|
||||Milnrow|
||||Rochdale|
||||OL16 3UN|
|The trustees||||





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|Year ended 31|July|202|1|||||
|---|---|---|---|---|---|---|---|
||||||2021||2020|
||||||Unrestricted|||
||||||funds|Totalfunds|Total funds|
|||||Note||E||
|Income and endowmenR||||||||
|Investment<br>income||||4|28,383|28,383|32,042|
|Total income|||||28,383|28,383|32,042|
|Expenditure||||||||
|Expenditure<br>on raising funds:||||||||
|Investment<br>management|||costs|5|13,050|13,050|12,093|
|Expenditure<br>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<br>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|





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|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<br>funds|||||1,455,322|1,287,298|
|Total charity funds||||18|1,455,322|1,287,298|






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|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|



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|6.|Expenditure|on charitable|on charitable|activities|by fund type|by fund type||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted||Total Funds||Unrestricted|Total|Funds|
|||||||Funds<br>F||2021<br>f|Funds||2020<br>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 <br>f||costs<br>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<br>f||Total 2021<br>f|Total 2020<br>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<br>f||2020<br>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<br>f||2021<br>f|Funds<br>f||2020<br>f|
||Gains/(losses)|on investments||||197,675|197,675||(97,532)|(97,532)||





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|Independent|examinatio|n<br>fees||||
|---|---|---|---|---|---|
|||||2021|2020|
||||||E|
|Fees payable|to the independent||examiner for:|||
|Independent|examination|ofthe|financial statements|960|1,185|



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|14.|Investments||||
|---|---|---|---|---|
||||2021|2020|
|||||F|
||Investec listed investments||1,444,416|1,271,408|
|15.|Creditors: amounts|falling due within one year|||
||||2021|2020<br>f|
||Accruals and deferred|income|1,990|1,185|



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|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|





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|Analysis ofnet as|sets between funds|||
|---|---|---|---|
|||Unrestricted|Total Funds|
|||Funds<br>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<br>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|



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