FRAINClil> l,L,k1RK C14ARITABLE F'.OU blDATI()PIl (A company limited by guaranti!e ANNI.IAL RlkFI()RT JIND FINANCIAL STATEMEllI'lT*i FOFI YEAR TO 29 FEBR,UARY 21)211 C•ompany Registratlon Number 9431170 Gharity Number 1.1611833
rri3ncis Clarrk Charitable Foundcltioi l-inancial Jtatpments '(e31 r to 29 February 2024 COblTEblTS PACJkS Refe.rence and adininistrative detail Trustees Annual Report Stslemeiit of Trust.ees Responsibilities Iridepenclent Ekaminer's Report statement of financial activities (including income end expenditure account) Balarice. sFieet NoleJP to the financial statements 7t09
Francis Clark Charitable Founijation Referencé., and Administrative Details Year to 29 February 2024 Trustee5: James Beck Peter C1itt Stephen Collins Nicholas Htsrris Mary Hoijper (appointed 30 May 2024) Richard l<ennedy Tini Lanriin Peter Serjeant JLilie Toviers Nicola Whitcomb Mike Wil, R'egistered Otfice: Fiancis (;lark LLP Sigma House Osk Vieuv Close EdginJVWull Park Torquay Disvon TQ2 7FF C,harlty Nuiriber: 1160833 Company 5:pgistration Number: 9431170
Friancis Clark Charitable Found1¢ tion -Frustees Arinual Report Yedr to 29 Fe.bruary 2024 The trustees liave pleasijre in presenting their report and the unaudited financi81 stateiiients of the chciritable comi)any for the year lo 29 February ?024. Objpctlves and Actlvities for the Public Beneflt -rhe ctiarity's Fiurposes as sel out in the objects containecl in the company s memoraridum of association To relieve those in need by reason of financial hardship, in particular (but witlioul limitation), t ny pg( itner, former partner, employee or former employee of Francis Clark lor aiiy associated rompanyl, or any spouse, brother, sister, stepbrother, stepsister, ancestor OT dijspendanl of uGh e.mployee, or any other person whci, in the opinion ofthe Trustee, is dependent upon such partllEir, former partner, employee or former employee. ucli other general charitable purpoo¢es lor the l)enefil of the general public. as thp Trustees in IFieir 2baoliite discretion think f5t to support. The charity's C'PDiisor is Francis cla LLP. "rhe trusieeu {nfIrM that they have referred lo the Chiarity Commission's guidance oli piJblic benefit iihen rekiewing the charity's objective, in planning its future activities and setting Ihe cirant ITiaking policy. The. charity fuithers il5 charitable purposes for the public benefit through its grant rNakir,g i)olicy. The trus"ee* have liaispd with the charity's sFionsor and details of thè charity's purpo%e cind how the trustees rnaij lje corilacted have been publishi:d on its Jlaff irilranet. In the period, a sma,:1 number of applicatii)ns for gi?nti have been received and (:onsidered. Acl'iievements and Performance Dui-ing the yPJ¢ar Ilie charity made awards totallirig £15,747 from unrestricted funds to L%iglil individuals dnd a loaii of r5,000 to one individual to relieve finaricial hardship. Awards of £20,000 vieie made from the restricted lund lo assist Ukrainian families seeking refuge in the UK. Fin,?ncil< l Revlfiw and Reserves Policy The. Ghaiity rece,jiies fuiiding from its sponsor and does not solicit funding from other sources. During the year re.stricted grants, and associated Gift Aid, of £J7,500 were receival)le with the. restriction that Iheji slioiJld l)e applied to provide relief for people fleein Ji Ilieir homes in Ukraine as a result of the conflict and seeking refuge in the UK. Expenditure tol2clled £35,943 and included grants of £20,000 paid from reslricl.e(I funcls cind £15,747 paid from unrestricted furids. This produced net income of £41,557. Tot¢?1 re¢erve<, at the ypar end amounted to £226,319 ijf which £50,000 was restricted. The trustees have (lei=jiled tlie holding of significanl rese.rvps is unnecessary, as the ti'ustees provide their time without ctiargÉ'. and the level of administrative expenditui'e is minimal.
Francis Clark Charitable Founijatiori Trustees Ilnnual Report Year to 29 February 2024 Structure Governance and Managerrient Goveming Document The Gharity is Lonstituted as a private comp8f)y limited by guarantee and its governin(J docunient is it memorandum and article5 of a5soGiation. Trustees The directors Cif the company are also charity trustees for the purposes of charity law. As at 29 February 2024, the trustees comprisp fomier partner5 and staff of the sponsor17) arid current members of st¢iff of the sponsor (4). New trustEbes will be recruited and appointed by the existing trustee based on tl)i?ir suitability for carrying out the objectives of the charity and are likely to lJe' selecte.d ;'rom the groups refe.r to above. Trustees Rosi)onsibilities The trusteet, al'e I'esponsible for preparing the annual report and the financial statements in accordance with appliLtil)le law and regulations. Company lav I"equires the trustees to prepare financial %talements for each financial y(%ar. L, n(ler th(11 law Ihe dirElI-lors have elected to prepare the financial statements in accordance with Uni led Kingijoin Generally AbCf)Pted AGGounting Practice (United Kingdom Accounting Standards and dppIici)ble lawl. Under company18w the trustees must not approve tlie 'linancial statements unless thc'y are sati fie(I that they give ¢1 true and fair view of the state of affairs of the charitable company and thp net income or expenditurfi of the charitable company for thal. pei-iod. In preparing these financial statements, the trustees are required to.. Selecl suitable accounting policies and tlien apply them consistently; Make judgernents and estimates l.'hat are reasonable and prudent., and Prepai-e the financial staternents on the gtiiiig concern basis unless it is iriappropriate to presume that ttrie charity will continue in business. The trusleev, al-e re.sponsible for maintaining proper accounting records which disclose with reaOnI3bIe accuracy at any lime the financial position of the charitsi and enables them to ensure Ihat the finai-lcial statements rornply with the Companie v Acl 2006. The trustees are also responsible for safeguarding the asset5. 1)F ttie cliarity and hence for iaking reasonable steps for the prevention and clelection of frau(I and other irregularities. Srnall Coffipaiiy Charily Provisions This report ha.4 been prepared in accordance with the Charities SORP {FRS102} and in accordance with the SPLJcial provisions for sm811 companies under Part 15 of the Companies Act 2006. Signed on behalf of the trustees on Truslee Pq ££oJ&4NI1
Friancis Cliirk Charitable Founclcltion lnclepeiidp.nt Examinerfs Report Yeiar to 29 February 2024 I roi)orl ti) the (:harity Iruste&s on my examination of the accounts of Francis Clark Charitcible Foundation for (he ypar erided 29 February 2024. Rer.'.ponsibilities and basis of report As the trustees of,the Charity (and also its directors for the purposes of company lew) you are resi)onsible for Ihe preparation of the accounts in accordance with the requirement4 of the Companies Act 2006 ('tlie 2006 AGt'). Hail'ing satisfie.d myself Ihat the accounts of the Comi)ariy are not required to be audited under Part 16 Df tlie 2CI06 AI:1 anij are. eligible for independent. exaimination, I report in respect of my examination of )IQLir charity's accoijnts as carried out under seGtion 145 of the Charities Act 2011 I'th? ?.01 1 Act,). In Lariying oul niy examination I have followed the Dii"ections given by the Charity Commission under ection 145(51 Ib) of the 2011 Act. Iiiditippndenl examiner'5 Statement I have Gompleted my examination. I confirm that iio matters have come to my attention in c,onn@ction with the oxamination giving me cause to believe.. l. drcounting record5 were not kept in respect rjf the Company as required by section 386 of tFie 2006 ilct; or 2. the accounts do not accord with those rÉicords', or 3. the. accounLs do not comply with the i?ccountinci requirements of section 396 of Ihe 2006 Act other than any requirement that the acLoLJnls give a 'true and fair view which is iiot a matter Gonsiclei'ed as part of an independenl exaiMiiiati()n' or 4. the acci)unts have not been prepared in accordance with the methods arid princ-.iples of the Stalerneint of Recommended Practice for accoiinting and reporting by Ghic ritie.s applicable lo cliaritiec., prFparing their accounts in accordz,nce with the Financial Reportiiig Standard 11)pIic,3ble in the UK and Republic of Ireland (FRS 102)- I hcive no coiicerns and have come across no other matti.rs in connection with the ey,amin21ion to which atte.ntion should be di-awn in this report in order I'o enabli) a proper understanding ol the accounts to be reached. [/ 02r T L Orchcird FCMA Wiridyridge Miclella Fload YelvertDII Deiion PL20 6AU Dati>:
Francis Clark Charitable Founijatiori Statement of Financial Activities (Incorporating Income and Expendituri. Accouiit) Year to 29 February 2024 UnrostriLte(I Unrestricte,d Restricted Total Funds Total Fu nd:; Funds Funds Year 1.0 YedK tILI 29 Feb 202,4 28 F'.eb 2023 Note Income from: Donations 40,000 37,500 77,500 62,1iOII Expi?ndlturÈ c)n: Charitable graiits AdministraLion costs 15,747 .196 20,000 35,74.7 61,121 195 Total 15,94J3 20,000 35,943 61,316 Net Income aiid net movement in funds 24,Ojf 7 17,500 41,557 1,'184 RÈc,onciliat1011 of funds: Total funds br()ught forward Total funds, carried fon•Jard 152,2.62 32,500 184, IE12 183,lj78 176,319 50,000 226,319 IB4,762 All of the above resulls are derived froin continuing aclivities. All gains and losses recognised iri the year are included tibove. The surplus for the year for Companies Act purposes is equiv,8lent to tlie. net niovement iii funds. The notes on pages 7 to 9 form part of these financlal statements.
Friancis Clarli Charitable Foundation Balancp Sh,spt !9 fe.bruaryi ?024 ?_024. 2023 Note Cluwreiit asisLJlI¥ Debtors La(4h at bank arid in hand 33.0001 193.494. 25,000 159,937 Total current assets 226.494 184,937 Lial)ilitif.'.> rp.ditor4>. Amounts falling due within one year To:lal N6.t assel'.$ 175 175 226.319 184,762 ruiids Unreslrii=lecl iiicome funds Re%ti-ictpd income funds 176.319 50,OOQI 152,262 32,500 226,31S 184,762 The diredors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statempnts for Ihe year by virtue of seciion 4.77. and that no Inember or members have requested an audit pursuant to seGtioii 476 of ttie Act. The direLtors acknowledge their responsibilities for.. li) ensuring that the Gompany keep5 adequatp accounting records whicli comply witFI section 386 of the Act, and lill preparin!1 financial ststements which give a true an<J fair view of the state of affairs of the company as .'3t the end Df the financial year and of its profit c,r loss for the financial year in 8cccrdance with the requirements of sections 394 and 39J, and which otlierwise comply with the I'equirements of tlie Act rLJlating to financial statements, so fai. as is cippliclc ble to the company. Thf.se fiiiancial statements have been prepared in aGGordance with the special provisioiis for small companies under Part 15 of the Companies Act. -rhese firianci£]I slalements were approved and signed by the trustees and authorise.d for issue on and are signed on theii. behalf b)J'. P Serjeant CorTrpany RegiJPtration Number- 9431170 Thè notes on pages 7 to 9 form part of these financial statemerits.
Francis Clark Charitable Founilatiori Notes to tlie Accounts Year Endpd 29 February 2024 Accounting policies Basis of accounting The principal accounting policies adopteij, judgements and key sources of eslimation uncertiiintij in Ihe preparation of the financial sLatemJnts are as follows.. Ba::ls of preparation The financial statemeiils have been prepared in accordance with Accounting anij ReFiortin!I by Charities.. Sttement of Recommerided F>r8Ctice applicable to charilies preparing their ac,counLs in accordc,nce wvith the Financial ReportincJ S'land1c rd applicable in the UK and Republic of Ireland (FRS '1 0">) (c,ffective 1 January 2019) - (Chic rities SORP IFRS 102)}, the Financial l£eporting Standard applicable in the UK and Republic of Ireland (FRS 1021 and the Cornpanies Ac;12006. Franci<4 Clark Chclritable Foundation mei>ts the definition of a public benefil entity under FRS 102. ) and liabilities are initially recognised at historical cost or transaction value uriless otherwise stated in the relevant accounting policy not61s. The IrJstEies consider that there are no matE,rial uncertainties about the Charity's ability tc continue as a goinij concern. b) InciDme Incomp. recognised when the charity has entitlement to funds, any performance conditions altach&d =.0 ttrie itemov of income have bepn met, it is probable that the incorne will be reci!ived and the amount can be measured reliably. F.x[>eiiditure ExppniJitLire is recognised once there is ¢3 leqal or constructive obligation committiiig l.'hf: clarItY i() thal expenditure, it is probable Ihat settleinenl will be required and the amount 01 tlie obligatioi) can bp Ineasijred reliably. Expenditure iricludes irrecoverable VAT. d) Furid Accounting Unresti'icted lunds are funds tkiat can be used in accordance with the charitable objei.ts aL the discretion of Ihe Trustees. Restricted funds al-p funds which are to be used in a(:cordt4nce with specifii: ri!slrictiDns imposed by donors or whicli have been raised by the charity for ,'a speicific purpose. Legal tslatus of the charity The Gharity is a company lirnitecl by giiardntpe arid has no share capital. It io, incorF.oratE,.d in England and Wales. In the event of the uornpany being wound up, the liability ol: Ilie mL)Inbei-. 1% limilLJ(I to £10 each. Under the provision%1? of SecLion 60 of the Companies Act 200fi, the comi)ariy is entitled to Dmit the word 'Lirniled" fro1 its name.
l=runcis Clgi rk Charitable Found
Francis Llark Cliaritable Founijal'ion Notes to Ilie Accounts Year EndLd 29 February 2024 Movement in funds B¢ilance at 29 Fel)ruary 20241 B%ilanLe. at 1 March 2Ui&3 Income Expenditui'e Unrestricted Funds Reslricted Fund 152,262 32,jJ QO 40,000 37,500 1S,943 2Q,OQiO 116,319 50,1)0 Total funds 184,7'62 77,500 35,94.3 226,.'119 PrevioLlS yeAr: Beilancp at 28 F.'ebrLiary 2023 8alani=e at 1 Mdrch 20Lty2 Income Expendlture Unresli'icted funds Restricted Fund 183,oL 18 (3'1,316) (30,OOCI) (6'1,3161 152,262 62,500 Total f,unds 183,-41 1,8 62,500 1114, 76?. The restricted fund is to be used to providc relief for people fleeing their homes in Ukrairie as a result (if the conflict and seeking refuge in Ihe UK. All fun(Is are held in the fomi of current assets.