2022-07-31-accounts

			Page
Trustees'	annual report
Independent examiner's report to the trustees
Statement	offinancial	activities
Statement	offinancial	position
Notes to the financial		statements

Reference and administrative	Reference and administrative	Reference and administrative	details
Registered	charity	name	Francon Trust
Charity registration		number	1003592
Principal office			42 Eafield Avenue
			Milnrow
			Rochdale
			OL16 3UN
The trustees
			Mr P Allcard
			Mrs AE Holden
			T Nernko (Managing		Trustee and
			Treasurer)
			Prof. JLHerzberg
			Mrs AM Jefferys
Company secretary			Mrs Jane Taylor-Holmes
Independent	examiner		Stuart Carrington	FCA For and on behalf of
			Westcotts
			Chartered Accountants
			Timberly
			South Street
			Axminster
			Devon
			England
			EX135AD

Year ended 3f	July	202	2
					2022		2021
					Unrestricted
					funds	Total funds	Total funds
				Note		2	2
Income and endowments
Investment income				4	30,563	30,563	28,383
Total income					30,563	30,563	28,383
Expenditure
Expenditure on raising funds:
Investment management			costs	5	13,535	13,535	13,050
Expenditure on chadtable		activities		6,7	32,920	32,920	44,984
Total expenditure					46,455	46,455	58,034
Net (losses)/gains	on investments			10	(64,362)	(64,362)	197,675
Net (expenditure)/income		and net movement		in funds	(80,254)	(80,254)	168,024
Reconciliation of	funds
Total funds brought	forward				1,455,322	1,455,322	1,287,298
Total funds carried forward					1,375,068	1,375,068	1,455,322

31 July 2022
				2022	2021
			Note
Current assets
Investments			14	1,367,081	1,444,416
Cash at bank and	in	hand		9,047	12,896
				1,376,128	1,457,312
Creditors: amounts		falling due within one year	15	1,060	1,990
Net current assets				1,375,068	1,455,322
Total assets less	current liabilities			1,375,068	1,455,322
Net assets				1,375,068	1,455,322
Funds ofthe charity
Unrestricted funds				1,375,068	1,455,322
Total charity funds			16	1,375,068	1,455,322

4.	Investment		income
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2022	Funds	2021
	Income from		investments		30,562	30,562	28,383	28,383
	Bank interest		receivable		1	1
					30,563	30,563	28,383	28,383
5.	Investment		management	costs
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2022	Funds	2021
	Investment	management		fees	13,535	13,535	13,050	13,050

6.	Expenditure	on charitable	on charitable	activities by fund type	activities by fund type	activities by fund type
					Unrestricted		Total Funds	Unrestricted	Total Funds
						Funds	2022	Funds	2021
	Grants to students					28,000	28,000	41,500	41,500
	Support costs					4,920	4,920	3,484	3,484
						32,920	32,920	44,984	44,984
7.	Expenditure	on charitable		activities by activity type
					Grant	funding		Total funds	Total fund
					of	activities Support costs		2022	2021
	Grants to students					28,000	4,920	32,920	44,984
8.	Analysis ofgrant funding			support	costs
							Analysis of
							support costs
							for grant
							funding
							activities	Total 2022	Total 2021
							2	8
	Governance	costs					1,174	1,174	765
	Administrative	costs					3,746	3,746	2,719
							4,920	4,920	3,484
9.	Analysis ofgrants
								2022	2021
								R
	Grants to individuals
	Grants to students							28,000	41,500
	Total grants							28,000	41,500 '
10.	Net (losses)/gains		on investments
					Unrestricted		Total Funds	Unrestricted	Total Funds
						Funds	2022	Funds	2021
	Gains/(losses)	on investments				(64,362)	(64,362)	197,675	197,675

					2022	2021
Fees payable	to the independent		examiner for:
Independent	examination	of the	financial	statements	1,060	960

14.	Investments
			2022	2021
	Investec listed investments		1,367,081	1,444,416
15.	Creditors: amounts	falling due within one year
			2022	2021
			2
	Accruals and deferred	income	1,060	1,990

Unrestri	cted funds
			At
		1	August 202			Gains and	At
			1	Income	Expenditure	losses	31 July 2022
							2
General	funds		1,455,322	30,563	(46,455)	(64,362)	1,375,068
			At
		1	August 202			Gains and	At
			0	Income	Expenditure	losses	31 July 2021
				6
General	funds		1,287,298	28,383	(58,034)	197,675	1,455,322

Analysis ofnet a	ssets between funds
		Unrestricted	Total Funds
		Funds	2022
		2	2
Investments		1,367,081	1,367,081
Cash at bank and	in hand	9,047	9,047
Creditors less than	1 year	(1,060)	(1,060)
Net assets		1,375,068	1,375,068
		Unrestricted	Total Funds
		Funds	2021
		2	2
Investments		1,444,416	1,444,416
Cash at bank and	in hand	12,896	12,896
Creditors less than	1 year	(1,990)	(1,990)
Net assets		1,455,322	1,455,322