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|---|---|---|---|
|Trustees'|annual
report|||
|Independent
examiner's
report to the trustees||||
|Statement|offinancial|activities||
|Statement|offinancial|position||
|Notes to the financial||statements||
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|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|||
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|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|
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|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|
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|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|
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|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|
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||||||2022|2021|
|---|---|---|---|---|---|---|
|Fees payable|to the independent||examiner for:||||
|Independent|examination|of the|financial|statements|1,060|960|
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|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|
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|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|
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|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|
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