## **Trustees’ Annual Report for the period**
## **From 02 December 2023 To 01 December 2024**
## **Charity name: The Origin Foundation Charity registration number: 1145366**
## **Objectives and Activities**
|**Objectives and Activities**|**Objectives and Activities**|**Objectives and Activities**|
|---|---|---|
|SORP reference|||
|Summary of the purposes of
the charity as set out in its
governing document
Para 1.17
The trust deed authorises the trustees to
apply income or capital for the benefit of
such exclusively charitable objects and
purposes in any part of the world and in such
manner as the trustees in their absolute
discretion think fit.|||
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.
Para 1.17 and
1.19
In furtherance of the charity’s objects for the
public benefit the trustees provide grants in
accordance with the Letter of Wishes.|||
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|In determining the charity’s activities, the
trustees have had regard to the Charity
Commission’s guidance on public benefit.|
**Additional information (optional)** You may choose to include further statements where relevant about:
|**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant about:|**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant about:|**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant about:|
|---|---|---|
|SORP reference|||
|Policy on grant making
Para 1.38|||
|Policy on social investment
including program related
investment
Para 1.38|||
|Contribution made by
volunteers
Para 1.38|||
|Other|||
## **Achievements and Performance**
|**Achievements and Performance**|**Achievements and Performance**|**Achievements and Performance**|
|---|---|---|
|SORP reference|||
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.
Para 1.20
During the year under review the charity
made awards to three charities totalling
£75,000 to the following charities:
South Bristol Consortium for Young
People
Coach Core Foundation
Access Sport CIO|||
||||
## **Additional information (optional)** You may choose to include further statements where relevant about:
|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|
|---|---|---|
|Achievements against
objectives set
Para 1.41|||
|Performance of fundraising
activities against objectives
set|Para 1.41||
Investment performance against objectives Para 1.41 Other
## **Financial Review**
**----- Start of picture text -----**
Review of the charity’s Para 1.21 At the end of the reporting period the charity
financial position at the end had free reserves of £16,633 (2023:
£10,056).
of the period
In addition to the free reserves the charity
has bank balances of £912,470 within the
expendable endowment fund.
Statement explaining the Para 1.22 The Trustees pursue a policy of maintaining
policy for holding reserves a free reserve available to be spent in the
furtherance of the charity’s objectives as
stating why they are held
well as covering future needs, opportunities,
contingencies and risks.
Amount of reserves held Para 1.22
Reasons for holding zero Para 1.22
reserves
Details of fund materially in Para 1.24
deficit
Explanation of any Para 1.23
uncertainties about the
charity continuing as a going
concern
**----- End of picture text -----**
**Additional information (optional)** You may choose to include further statements where relevant about: The charity’s principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the principal risks facing the charity Para 1.46 Expendable endowment funds are those which are required to be invested to produce Other income but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity’s objectives. Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
## **Structure, Governance and Management**
|**Structure, Governance and Management**|**Structure, Governance and Management**|**Structure, Governance and Management**|
|---|---|---|
|Description of charity’s
trusts:|||
|Type of governing document
(trust deed, royal charter)
Para 1.25
The trust is governed by deed dated 29
December 2011, as amended by 30
January 2014 and 18 July 2023|||
|How is the charity
constituted?
(e.g unincorporated
association, CIO)
Para 1.25
Trust|||
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Trustees are appointed by the settlor during
her lifetime and subject to that by the
existing trustees.|
**Additional information (optional)** You may choose to include further statements where relevant about: Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity’s organisational structure and any wider network with which the charity works Para 1.51
|Relationship with any related
parties
Para 1.51
No trustee received any remuneration or
was reimbursed any expenses in the year
under review.
Ludlow Trust Company Limited was paid
£7,533 (2023: £5,196) for trust
administration services during the year
under review. These fees are authorized
under clause 6 of the trust deed.|Relationship with any related
parties
Para 1.51
No trustee received any remuneration or
was reimbursed any expenses in the year
under review.
Ludlow Trust Company Limited was paid
£7,533 (2023: £5,196) for trust
administration services during the year
under review. These fees are authorized
under clause 6 of the trust deed.|Relationship with any related
parties
Para 1.51
No trustee received any remuneration or
was reimbursed any expenses in the year
under review.
Ludlow Trust Company Limited was paid
£7,533 (2023: £5,196) for trust
administration services during the year
under review. These fees are authorized
under clause 6 of the trust deed.|
|---|---|---|
|Other|||
## **Reference and Administrative details**
|**Reference and Administrative details**|**Reference and Administrative details**|
|---|---|
|Charity name
The Origin Foundation (previously known as The Frankham
Family Charitable Trust)||
|Other name the charity uses||
|Registered charity number
1145366||
|Charity’s principal address|Trustees Department
1stFloor, Tower Wharf
Cheese Lane, Bristol
BS2 0JJ|
## **Names of the charity trustees who manage the charity**
**----- Start of picture text -----**
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Heather Jane Frankham
2 Abigail Emily Frankham
3 David Andrew Foster
4 Robert Sean Hingston
Ludlow Trust Company
5
Limited
6 Nicholas Bamber 04 September 2024
7
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
– Corporate trustees names of the directors at the date the report was approved
## **Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
## **Funds held as custodian trustees on behalf of others**
**Additional information (optional)**
**Names and addresses of advisers (Optional information) Type of adviser Name Address Accountants** Charter Tax Consulting 8[th] Floor, 1 Southampton Street, London, Limited WC2R 0LR **Independent examiner** Geoffrey Frost Blue Spire Limited, Cawley Priory, South Pallant, Chichester, PO19 1SY **Name of chief executive or names of senior staff members (Optional information)** ~~=——~~ **Exemptions from disclosure** Reason for non-disclosure of key personnel details
~~BC~~ **Other optional information** ~~OC~~ **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s) Full name(s)** Chris Thurlow **Position (eg Secretary,** Trustee **Chair, etc) Date** 01 October 2025
**----- Start of picture text -----**
|||||||||
|---|---|---|---|---|---|---|---|
|The Origin Foundation|145366|
|Receipts and payments accounts|CC16a|
|For the period|Period start date|Period end date|
|To|
|from|02.12.2023|01.12.2024|
|ee|ee|ee|ee|
|Section A Receipts and payments|
|Unrestricted|Restricted|Endowment|
|Total funds|Last year|
|funds|funds|funds|
|to the nearest £|to the nearest £|to the nearest £|to the nearest £|to the nearest £|
|A1 Receipts|
|Addition from settlor|-|-|250,000|250,000|300,000|
|Gift Aid|-|-|-|-|75,000|
|Interest|38,188|-|-|38,188|10,982|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|Sub total|(Gross income for|
|AR)|[ 38,188 ]|-|250,000|288,188|385,982|
|A2 Asset and investment sales,|
|(see table).|
|Sale of investments|-|-|-|
|-|-|-|-|-|
|Sub total|-|-|-|-|-|
|Total receipts|38,188|-|250,000|288,188|385,982|
|——__—|——|
|A3 Payments|
|Grants awarded|75,000|-|-|75,000|66,000|
|Investment manager and admin fees|7,533|-|-|7,533|5,196|
|Cash management fees|1,611|-|-|1,611|927|
|Independent Examiners fees|720|-|-|720|384|
|Accountancy Fees|600|-|-|600|-|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|-|-|-|-|-|
|Sub total|[ 85,464 ]|-|-|85,464|72,507|
|A4 Asset and investment|
|purchases, (see table)|
|Investment purchases|-|-|-|
|-|-|-|-|
|Sub total|[ - ]|-|-|-|-|
|————|Total payments|85,464|-|-|——|85,464|72,507|
|Net of receipts/(payments)|- 47,277|-|250,000|202,723|313,475|
|A5 Transfers between funds|53,853|- 53,853|-|-|
|A6 Cash funds last year end|10,056|716,324|726,380|412,905|
|Cash funds this year end|SSS]|16,633|-|912,470|929,103|726,380|
**----- End of picture text -----**
CCXX R1 accounts (SS)
01/10/2025
1
## **Section B Statement of assets and liabilities at the end of the period**
**----- Start of picture text -----**
||||||
|---|---|---|---|---|
|Unrestricted|Restricted|Endowment|
|Categories|Details|funds|funds|funds|
|to nearest £|to nearest £|to nearest £|
|B1 Cash funds|Capital account|-|-|912,470|
|Income account|
|16,633|-|-|
|-|-|-|
|Total cash funds|16,633|-|912,470|
|—====|
|(agree balances with receipts and payments|
|account(s))|OK|OK|OK|
|Unrestricted|Restricted|Endowment|
|funds|funds|funds|
|Details|to nearest £|to nearest £|to nearest £|
|B2 Other monetary assets|-|-|-|
|-|-|-|
|-|-|-|
|-|-|-|
|-|-|-|
|-|-|-|
|——===|
|Fund to which|Current value|
|Details|asset belongs|Cost (optional)|(optional)|
|B3 Investment assets|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|nee|
|Fund to which|Current value|
|Details|asset belongs|Cost (optional)|(optional)|
|B4 Assets retained for the|-|-|
|charity’s own use|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|-|-|
|oe|
|Fund to which|Amount due|When due|
|Details|liability relates|(optional)|(optional)|
|B5 Liabilities|
|-|
|-|
|-|
|-|
|Signed by one or two trustees on|Date of|
|behalf of all the trustees|Signature|Print Name|approval|
|01 October 2025|
|Chris Thurlow|
|On Behalf of Ludlow Trust Company|
|—=|Ltd|
|CCXX R2 accounts (SS)|2|01/10/2025|
**----- End of picture text -----**
## **Independent Examiner's Report to the Trustees of The Origin Foundation**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 01 December 2024.
## **Responsibilities and basis of report**
As the charity’s trustees 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 charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
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:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records.
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.
Geoffrey Frost BSc(Hons) FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
Date
01 October 2025