FRANCIS CLARK CHARrrABLE FOUNDATION (A company limited by guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR TO 28 FEBRUARY 2021 Company Registration Number 9431170 Charlty Number 1160833 'AA15FGUQ• 27111r2021 COMPANIES HOUSE
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Francis Clark Charitable Foundation Financial Statements Year to 28 February 2021 CONTENTS PAGES Refence and administrative detsils Truslees Annual Report S18tement of Tnjstees Responsitilities Independent Examinerfs Report Stslement of finan01 activities income and expenditu account) Balance sheet Notes to the financial statements 7t08
Francis Clark Charitable Foundation Reference and Administrative Details Year to 28 February 2021 Trustees.. Helen AJ¢ock Christine Baker (Relired 31 Juty 20201 Peter Beaumont Peter Cl Nicholas Harris Tim Lannin (Appointed 1 March 2021) Peter Seiieant Kevin Stoyle (Resigned 1 March 20211 Mdody Tuffnell Nicola Whitcomb {AFwinled 31 Jufy 20201 R•gisl•red Offiu: Franos Clark LLP Sigma House Oak View Close Edginsbbell Park Torquay Devon TQ2 7FF Charity Number: 1160833 Company Registration Number. 9431170
Francis Clark Charitable Foundation Trustees Annual Report Year to 28 February 2021 The Iruslees have Pleasu in presenting their report the unaudited finanoal ststements of thg charitsble company for the year to 28 February 2021. Objectives and Actlv1tl for the Public Benefft The charity's purposes as sel out in the objects u)ntsined in the company's memorandum ofassoaalion are'.- To relieve those in need by reason of finanaal hardship, in particular Ibut without limitation). any partner, former pariner. employee or fomier employee of Francis Clark { any associated company), or any spouse, brother. 515ter. stepbrother. stepsister, ancestor or descendant of such employee. or any other person vA)o. in the opinion of the Trustee. is dependenl upon such partner, former partner, employee or fomier employee. Such other general Charitab purposes for ihe benefft of Ihe general public as the Trustees in their absolute dIscOn think fft to support The charity's sponsof is Francis C18rk LLP. The trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the chwity's objectNe. in planning its fulure activitses and setting Ihe grant making policy. The charity furthers its chafitable purposes for the publi¢ benefit through its grant making poltcy. The trustees have liaised the charity's sponsor and de.15 of the charity's purpose * how the truslees may be contacted have been published on its staff inlranet In the pfjr. a small number of applications for grant5 have been ceIVed and ¢Sered. Achie¥•ments and Porformanc• During the year the Gharity made awards tolaling £3.11XI to iwo indtwdua15 to relieve financi81 hardship. Financial Review and Rer¥•$ Pollcy The charity receives fvnding from its sponsor arKI does not soli(¥i lundirYJ from other sources. Duri the year granls of £37.500 were received and expendituffj. iUding grants. of £3.252 was incurred. This produced net income of £34,248. Total reseNes at the year end amounted to £135,539. The tnJ5tees have decided the hddin9 of signfficant reserves is umecessary. as the trustees provide their time wilhoul charge and the levd of administrative expendibjre is minimal. Impact of Covid 19 Except for the inability of twstees to physically meet, Covid-19 has had no material imp8Ct on the charity. The trustees wularty communicale by email ofKI through other media.
Francis Clark Charitable Foundation Trustees Annual Report Year to 28 February 2021 Structurè Goveman¢e and M4nagem•nt Goveming 0¢Ument The charty is constituted as a privale comwy INnrt&J ty guaranke and ts goveming document is rt$ memordndum and tIC of assoc4ion. Tnjstees The dlrectors of the company a atso charity Irusts for Ihe pLKposes of Charty law. The Iruslees comprise former Wnets and staff of the sponsor {31. Gwrert rrlber$ of staff of Ihe sponsor141 and prryminenl local business peopJe111. New trusiees will be recruited and appointed by Ihe exi$liry Imslees based on their surtabrfity caryirrfj out the objectives d Ihe charrty and are likely to be selecied from the 9roups lo above. Trustees Responsibililies The trustees are responsible for yepaiing Ihe nUal re Ihe fina1 slatemenls in aceordarKe th appli¢at la•4 and WLbWi¢)ns. Company law requires the trustees to prepare fnancial slaterrEnts for each financ1 yeaf. Undei that the dffectors have eett to prepare the financial siatements in accordance wrth United Kingdorn Geneolty Accepted ACCnting (Unrted Kingdom Accounting Standards and applicable lawl. Undèr company law the trustees must not aFyrove the Iinanckal slatenntS vnless they are sab"sfied lh they give 8 trtR and fair view of thè siale ol affairs ol the Chrtab c¢)mpany and the net Income or expendrture cl the ¢harrtaWe company lor that Feritrj. In Pparing these fInarla1 statemts. the truslees are required to.. Select suitable accountw)9 aTrJ Ihen appty them cSIS1en1ty.. Make judgèments #nd ÈSiimes thal are reasonab and prudenl." and Prepare the financial statemenls on the going concern basis unless rt rs inapproprote to Pfesume Ihat the chanty will cClInue in bJsine55 The trustee5 are responsible for maintaining proper x¢ounlin9 record5 which dtsdo$e wrth reas¢)nable curacy al any tirne the financial p¢>srtiw of the charrty aThJ able$ th to ensure that the financial statements c¢Miply wth Ihe Comwies Act 2Crf)6. The trustees are also responsible for safeguardin9 the assels ol the chanty and hence lor lakw reasonab sleps lor the wevenIn and detection of fraud an¢J other iirvJularilie$. Small Company Charity Provisions Thi5 report has been prepared in e0r(lance wrth the Charrtjes SORP IFRS1021 and in xcordance with the special proviSKS lor small cchmpanps under Part 15 01 the Compan* Act 2006. Stgned on behaw ol the trustees 6 NO¥thr 2021. Peter Serieant Trustee
Francis Clark Charitable Foundation Independent Examinerfs Report Year to 28 February 2021 I report to the charty trustees on my examina1 0fthexCts ofFrancis Clark Chantsblè FOurall0 for the year ended 28 February 2021. Responsibilities and basis of report As the trustee5 cl the Charity land also rts directors for the purposes of compary 18wI you arè responsible lor the preparation of the nts In accdance wth the requirements of the Companies Act 20061.the 2CO6 Act'i. Having satrIed mysew that thè actLrts of the Crmnpany are not required to be aUdrt under Part 16 of the 2006 Act an¢J are eligibk I independent examinat)n. I report In rÈsped of my examinabon of your charity's ac£ounts a5 ¢arried under sedion 145 01 the chariti.es Act 2011 Ilhe 2011 Act'l. In arrying out my examinatKJn I have fdlcmed IIE Dw&tWis glven by the Charity Commission under sect1 145151 Ib} of the 2011 Act. Independent examinees slalement I have ccmpleled my examination. I confirm that M matters have comè to ry attent in connecb'on with the examinatn giving me ¢ausè io Wvè". 1. accounting reC(S le not kept In respect ol the Ctyrpany as requirèd by Sect 386 of the 2006 Act.. or 2. the accc¥Jnts do not accud with those recryds. or 3. the accwnts (10 not ¢ompty wlh the Olntsj rewirements of S11)n 3% of the 20L% kt other than any requirement that the accounts give a 'true and far wew vknich is fiol a mattw ¢onsKJered as part of an independent exambnalv)n. 4. thè counts have not trthn prepafed In ¥cordance with the methcJs and prin¢iple5 of the Ststenni ol ReC¢rne1ed Pr1 for accounting aThJ repcKling by charities applicable lo charilies prepann9 their acGounts in accordance with the Financial Reporting Standard appltabk in UK Republt of Ireland IFRS 11Y21. I have no concerns and have coThE xross noolhef matters in cnectIon V*ith the exannation towhich attention shoukl be dfawn in this ieport in order to enabk a pr¢4)er LIrersndln9 ofthe xcounts to be rèached. T L Orchard FCMA Windyridgè mell8 Road Yelverton Devon PL20 6AU 6 Novembef 2021
Francis Clark Charitable Foundation Statement of Financial Activities (Incorporating Income and Expenditure Ac)unt) Year to 28 February 2021 Unrostrictsd Unrestrict•d Total Funds Total Funds Year to Year to 28 Feb 2021 29 Feb 2020 Inrne from: Donations 37.500 37.500 37.500 37.500 Expenditure on- Charitable gran15 Admini51r8lion costs 3.100 152 18.210 156 Total 3.252 18,366 Net income and net movement in funds 34.248 19,134 Reconciliation of funds: Total funds brought forwwd Total funds ¢arrlèd forward 101.291 82,157 135.539 101.291 All of the above restjlts are derived from conts"nuing acb"vities. Al gains aThJ losses recognised in the year a included above. The surplus for the year for Companies PLwposes is equivalenl to the net movement in funds. The notes on pages 7 to 8 fom part of th¢s• financial slat¢ments.
Francls Clark Charitable Foundation Balance Sheet 28 February 2021 2021 2020 Note Curr•nt assets Debtors Cash at bank and in hand 22,$00 113.189 15,000 86,441 Total curr•nt ass•ts 13S.689 101,441 Liabilitias Creditors. Arn¢2unts fallin9 due wrthin one year Total Net assets 150 135.539 101,291 Funds UnieslrKted InMe fun¢J$ 135,$39 101.291 The d1CtorS are satisfied Ihat company is enb.tled to eXernptn frc¥n Ihe provisti)ns of the Companies Ad 20C6 (the Adl relaling lo the audit of the stalemenls for the ygar by vlue of secion 477. aNI that no rnember or meners requesled an audil wrsuant to s•ctv)n 476 of the Act. The dweciors ackncwlledge their responsJilrtRs for. {il ensuring that Ihe ¢xrnpany kS ajequale a¢¢ounting records wlm'ch comply wth sectim 386 of Ihe Art. {Hl preparing finala1 statements whth give a tnje aThJ fairwew of the stsie of affairs ofthe company as at the end of Ihe financial year and of its profrt or h)$$ for the finanaal year in accordance with the re¢wirements of sections 394 and 395. and which otherwise comply with ihe requirerrnts of Ihe Ac# relaliro to financial slaiemenls. w f as ts appluble to the company. These financd sialements have been prepared in a¢¢tydance with the s?1 provisions for small cornpanEs under Part 15 of the Ccrfnpanies Act. Thest financial slalemerts were approved and signed by the Iruslee5 aulhormd lor issue on 6 No r 2021. and are wgned on iheir behaff by." P Serjeanl Trustée Company RegislratK)n Number. 9431170 Thè notès on pagè$ 7 to 8 lorni part of these financial Statements.
Francis Clark Charitable Foundation Notes to the Finanaal Statements Year to 28 February 2021 A¢¢ounting poli¢4¢$ Basss of ac¢ountSn9 The principal accounting policie5 adcfjted. judgemen15 arKI key sources of estimation uncertainty in the preparalion of the finanoal $teMents a as follcYknE: Basiy of pretiOn The finanaal statements have been prepared in aCcOrdar with Accounting and Reporting by Charities". Stalement of Recommended Practice 8pplutrAe to charib"e5 preparing their a¢¢ounts in accordance wlh Ihe Financial Reporb'ng Standard ap l¢able in the UK and RepublK of Iland IFRS 1021 {effecbve 1 January 2019) - (Charitie5 SORP {FRS 10211, Ihe Financial Repon9 Siandard aEylicatAe in tr UK and ReN1tl¢ of Ireland IFRS 102) and the Companies kt 20. Francis Clark Charitable Foundab"on meets the definition of a public benefit entity under FRS 102. Assets and liabilibes are initialty recognised at historical cost or transaction value unless otherw5e stated in the relevant accounting policy notes. The trustees considerthat thero are no material uncertainties about tho Charity's abilty to continue as a going concem. bl Income Irrne is re¢ognised when the Charity has entiuement to funds. any performance condition5 attached lo the ilerns of income have been met. it is probable that the income will be reiVed and the amount can be measured reliably. Expenditure Expenditure is recognised there is a legal or constnjclive obligation comrnitting the charity lo that expenditure, it is probable that settlement WIN be Uired and the amount of the obligah'on can be measured reliably. Expenditure includes irrecoverable VAT. d) Fund Accounting untricted funds are funds that can be used in accordance with the charilable objects at the 's¢retson of the Trustees. Legal ststus of the charity The charity is a company limited by guaraniee and has no Sha capital. It is incorporated in England and Wales. In the event of the company being Yund up, the liaknlity of the member5 15 limileé to £10 each. Under the pyovisions of Sects'on 60 of Ihe Companies Act 2006. the company is entiUed lo omil the word "Limited" from its name.
Charitable Grants tring the year grants lolalling £3.100 hre paid to 2 indiv*Juals to relieve financial hardship12020'. £15.710 paid lo 5 indiviilualsl. In the year to 29 February 2020 a fijrther charitsble donation of £2.500 was made to a charity. Administration ¢xpenditur• Administration expenditu indudes £150 12020: £1501 in respect of amounts payable for the independent examinati. Tru$toès ramuneration No trustees received remuneration or reirnbursed for expenses during the year12020.. £nill. Control and R•lat•d Party Transactions The charity is under the control of its Trustees. During the period the charity received donations of £37.500 from Francis Clark LLP, an organisation in which the majority of the truslees are either emoYeeS or former partner5. There were no conditions attxhed to the D¢btors 2021 2020 Due within one year.- Gift "d ¢eNable 22,500 15.000 Creditors: Amounts falllng du¢ wtthln one year 2021 2020 Accruals 150 150