2024-04-05-accounts - The Richard Frankland Charitable Trust

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The Richard Frankland Charitable Trust Trust Accounts For the year ended 5 April 2024 Charity Number 1157460

MILLS @ REEVE

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Settlor: Mr Richard Frankland Date of Settlement: 09 April 2014

Registered Charity Number:	1127218
Trustees:	Mills&ReeveTrustCorporation Limited
	JenniferBaxter
	Sarah Bayman
	The power ofappointing new Trustees is vested in the continuing Trustees
	and future trustees mustbe appointed byTrustees resolution
Trust provisions:	Byadeed dated 9 April2014 the trustfundasto capital and income is held
	forsuch charitable purposes astheTrusteesmay intheirabsolutediscretion
	think fit.
	The Trustees have wide powers of investment as though beneficially
	entitled.
Principal address:	Cio No.1 Circle Square
	3 Symphony Park
	Manchester
	M1 7FS
Investment advisers:	StJames's Place
	Hulmes Bridge Business Park
	North Moor Lane
	Halsall
	Nr Ormskirk
	Lancs
	L398RF
Bankers:	CAFBank
	25 Kings HillAvenue
	Kings Hill
	West Malling
	Kent
	ME194JQ

Solicitors:

Mills & Reeve C/o No.1 Circle Square 3 Symphony Park Manchester M1 7FS

Independent examiners: Alexander Bursk Accountants

The Richard Frankland Charitable Trust

Annual Report Registered Charity Number 1157460

The trustees submit their report for the year ended 5 April 2024.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (the FRSSE) (effective 1 January 2015).

Objectives and activities

The trust's ongoing activities and policies are set at the discretion of the trustees in accordance with the objectives of the trust deed, which states that the trust's funds are to be used exclusively for charitable purposes at the trustees’ discretion.

Achievement, public benefit and performance

The trustees approved grants in relation the animal charities as detailed in the letter of wishes

The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when setting their grant making policy for the year, in line with the trust's alms and objectives.

The trustees are satisfied that all grants made during the year are for the benefit of the public and that the benefits of each and every grant is clearly identifiable. A detailed breakdown of all grants made can be seen at page 7 of the accounts.

The trustees consider the organisations that they have supported during the year to be of equal importance.

Financial review

During the year to 5 April 2024 the trustees made grants totalling £20,000. The incoming resources during the year ended 5 April 2024 were £26,840.85.

At 5 April 2024 the trust had a fund balance of £38,851 .03 (2023: £32,010.18).

Structure, governance and management

When appointing a new trustee due consideration Is given to the skills required by the Board of Trustees. The Trustees have adopteda policy in the event of the appointment of a new trustee which includes a brief induction and training process. This includes a meeting with the existing trustee to advise on investment policy, the grant making process and the powers and responsibilities of the Trustee board. In addition, any new trustee will be provided with a copy of the latest financial statements, an annual report and any recent investment reports. ;

The trustees meet periodically to determine investment policy and future strategy.

Investment powers

Unrestricted. St James's Place are the current investment advisers.

Risk policy

The trustees have considered the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate those risks.

Reserves policy

It is the trustees’ intention to make charitable donations from income resources with any surplus income being carried forward to be made available for charitable purposes in future periods.

Plans for future periods

The trustees intend to make charitable donations in line with the Letter of Wishes

Statement of trustees’ responsibilities for the accounts

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements Jn accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

1} select suitable accounting policies and then apply them consistently;
2) make judgements and estimates that are reasonable and prudent;
3) state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
4) prepare the accounts on the going concern basis unless it is inappropriate to presume that the trust will continue to operate.
5) observe the methods and principles in the Charities SORP.

The trustees are responsible for keeping accounting records, which disclose with reasonable accuracy at any time the financial position of the trust and enable them to ensure that the accounts comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008 and the trust deed. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees on:

Date .....cccccceeeeeeeessseeecsceseeccnnsesseaveesraceeeeseeesueseeeuens

and signed by:

Director - on behalf of Mills & Reeve Trust Corporation

Jennifer Baxter- Trustee

Sarah Bayman - Trustee

THE RICHARD FRANKLAND CHARITABLE TRUST - CHARITY NUMBER 1157460

RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR FROM 06/04/2023 TO 05/04/2024

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STATEMENTOF ASSETS AND LIABILITIES
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Unrestricted Restricted
funds, £ funds, £
Cash funds
CAF Trust current account 25,959
CAF Trust deposit account 1,998
Mills & Reeve client account 8,176
Total cash funds 36,133 agreed to I&E account
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Other assets
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Value,£:
Investment assets - wealth management
account, belonging to
the general
unrestricted fund:
Value (@ 05/04/2024), £ 647,815
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Signed bySF
E Milner
Trustee, on behalf of the Board of Trustees
26
eng lanuary 2025
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THE RICHARD FRANKLAND CHARITABLE TRUST - CHARITY NUMBER 1157460

RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR FROM 06/04/2023 TO 05/04/2024

RECEIPTS AND PAYMENTS

Receipts Bank interest Interest from investments Dividends from investments Total gross income Payments Charitable donations Trust administration fees Bank charges Investment fund management fees Investment consultancy fees Independent examination fees Sub-total Net of receipts/(payments) Proceeds of sale of investment Wealth management fees paid from investment bond Transfers between funds Cash funds last year end Cash funds this year end	Unrestricted funds, £ 85 15,064 11,690 26,839 20,000 13,923 81 17,921 750 1,200 53,875 -27,036 15,340 17,921 0 29,908 36,133	Restricted funds, £ 0 0 0 0 0 0	Total funds, £ 85 15,064 11,690 26,839 20,000 13,923 81 17,921 750 1,200 53,875 -27,036 15,340 17,921 0 29,908 36,133	Last year, £ 103 14,544 12,132 26,779 15,000 6,768 78 11,287 0 0 33,133 -6,354

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Report to the trusteesl members ot Charity Name The Richard Frankland Charitable Trust On accounts tor the year ended 5 April 2024 Charlty no (if any) 1157460 Set out on pages 1 and2 Ir•memb8r lo Include the page numbers ol addlllonal shefrisl I report to the trustees on my examination of the accounts of the above charity ('Ihe Trust") for the year ended 0510412024DD I MM I YYYY. Responslbllltles and As the charity trustees of the Trust, you are responsible for the preparation basis ot report of the accounts in accordance with the requirements of the Charities Act 2011 ('tthe Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145<5)(b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention in conneciion with Ihe examination which gives me cause to believe that in, any material respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Slgned: Date: 2[11 Name: BARRY FINE Relevant prolessional qualificallon(s) or body (If any): FCA Address: ALEXANDER BURSK LTD, PARKGATES, BURY NEW ROAD, PRESTWICH, MANCHESTER M25 OJW IER October 2018

Only complete if the examiner needs to highlight matters of concem (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brief detalls of any items that the examiner wlshes to disclose. IER October 2018