2023-12-31-accounts - Frank Longford Charitable Trust

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Frank Longford Charitable Trust

Charity No. 1164701 (CIO)

Trustees' Report and Unaudited Accounts

31 December 2023

Frank Longford Charitable Trust Contents

	Pages
Trustees' Annual Report	2 - 4
Independent Examiner's Report	5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Accounts	8-14
Statement of Cash flows	15
Detailed Statement of Financial Activities	16 - 17

Page 1

Frank Longford Charitable Trust Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1164701 (CIO)

Working name: The Longford Trust

Trustees

The following trustees served during the year:

Hannah Billington Lady Rachel Billington CJ Burge Alex Fletcher Victoria Greenwood Pawel Kisielewski Tom Pakenham (Chair) John Podmore Jon Snow

Accountants

1 Accounts Online Limited Rubine House Manor Rd Haverhill CB9 0EP

ACHIEVEMENTS AND PERFORMANCE

The summer of 2023 saw a record number of new Longford Scholarship awards made by the Longford Trust. Our scholarships support young serving and ex-prisoners to continue their rehabilitation by going to university to study for degrees. We provide financial help, one-to-one mentoring by our trained volunteer mentors, plus employability guidance to ensure those Longford Scholars who graduate have the opportunities and openings, including work placements and internships, that ensure their hard-earned degrees win them graduate-level employment.

We have been running this scholarship programme since 2005. It started on a very small scale of one or two awards by year. Driven by demand, in the summer of 2023 that number rose to 31 new awards (and a 32nd joined shortly afterwards in the autumn). In addition, in two waves, one in October and another the following February, we also made 18 new Frank Awards to those still in prison, keen to get started on a degree, but unable because of the rules on student-loan funding to get going - until we stepped in.

Page 2

Frank Longford Charitable Trust Trustees Annual Report

On top of this influx onto our programme of 50 new award holders in 2023, we had another 50 continuing Longford Scholars in years 2, 3 and occasionally 4 of their degrees. A cohort of 100 is again the highest we have ever had. The challenge with these larger numbers has been to maintain the level of support that we have provided since 2005 and so continue to see 85% of our award-holders going on to graduate, get degree-level jobs, build careers, homes, families. Fewer than 4% of Longford Scholars ending up back in prison compared to the 50% plus in national figures for the prison service.

Figures matter, but not without humanity. We don’t always get it right – because we are human. And those who join our programme are sometimes not in the right place to seize their second chance, however much they try and we support them. But our hard-working office team, supported by our trustees, and most of all by our generous enlightened, humane donors, does everything it possibly can to enable it to happen.

That financial support from our supporters – long-standing and new, foundations, trusts, businesses and a small army of individuals who make small, medium and sometimes large gifts to us, sometimes in the form of monthly or quarterly sums - has been constant and enabling in the different financial climate of 2023. We have raised £600,201 (up on £417,080 in 2022), and spent £428,509 as against £384,173. Our fledgling endowment fund – set up to mark our 20th anniversary and an effort to secure the long-term future of our work by providing a regular investment income - continues to grow, though it is still at a relatively low level for the goals we have set it.

Another high point of the year came when Rory Stewart took to the stage at Church House, Westminster, on November 22 for the 2023 Longford Lecture, ‘Rhetoric Versus Reality’. He shared his thoughts, he said, as a ‘working politician’ on the relationship between democratic politics and the challenges facing prisons. Addressing a capacity crowd of 650, with a further 1,000 joining via a livestream, and National Prison Radio broadcasting the event into every prison cell in the country, the former Cabinet minister, who served as Prisons’ Minister from January 2018 to May 2019, before running for Conservative leader and Mayor of London, outlined why he felt that it was a particularly fraught relationship today. Democratic politics are, he declared, ‘in decay’ with ‘populism’ on the rise. Such conditions were ‘ill-suited’ to address the problems that exist in our prison system and were in many ways ‘a perfect storm’.

One reason for the neglect of the prison system, argued the co-host with Alastair Campbell of ‘The Rest is Politics’, one of Britain’s most-listened-to podcasts, had come about because it was the country’s ‘least-loved public service’. With hospitals or schools, he pointed out, places where we are at some stage likely go in search of medical help, or where our children are educated, there is huge engagement by the public that keeps ministers and MPs on their toes. But most people don’t think they will ever go to prison, or even set foot inside one on a visit, so they have little interest in the state of them. However, he insisted, we need as a society to scrutinize what goes on inside them, done in our names, much more closely and attentively. He received a standing ovation at the end of his lecture. A full version can be watched on our website.

At the Longford Trust we are always striving to improve what we do and so increase the positive outcomes for all our scholars. To that end, each year we carry out research about recipients of our Longford Scholarship awards to make sure that those who are successful broadly reflect the diversity of the prison population. The headline figures for 2023 show that around 28% of those in prison come from BAME backgrounds, while 36% of our Longford Scholars do. Among our Frank Award holders, 50% come from BAME backgrounds. While female prisoners account for around 4% of the total, in our cohort of award holders they are 14%.

Page 3

Frank Longford Charitable Trust

Trustees Annual Report

We also commission an independent evaluation of our scholarship and mentoring programme in which all those involved in it are asked to rate its performance. Our evaluator reported in October of 2023 on the previous 12 months and indicated high levels of satisfaction at what we provide. Asked if they found our mentoring support helpful, on a range from 1 to 5, from not at all to very helpful, 60% of those scholars who took part chose the top two categories, and the remaining 40% the middle category (ie useful). Asked if they felt well supported by the Longford Trust office team, 83% chose the top two categories and the remaining 17% the middle category.

Our core scholarship programme takes up more than three quarters of our expenditure each year and it remains focused and dedicated on the goal of creating role models of success for other young men and women in prison, for universities, for employers and for a public that is still sometimes wary of the reality of rehabilitation.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

Tom Pakenham Trustee 25 July 2024

Page 4

Frank Longford Charitable Trust Independent Examiners Report

Independent Examiner's Report to the trustees of Frank Longford Charitable Trust

I report to the trustees on my examination of the financial statements of Frank Longford Charitable Trust for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 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

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of AAT.

I have completed my examination. I can 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:

the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.

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 financial statements to be reached.

Paul Donno (FMAAT) AAT 1 Accounts Online Limited Rubine House Manor Rd Haverhill CB9 0EP 25 July 2024

Page 5

Frank Longford Charitable Trust Statement of Financial Activities

for the year ended 31 December 2023

Unrestricted funds	Restricted funds	Endowment funds	Total funds	Total funds
2023	2023	2023	2023	2022
£	£	£	£	£

-	327,013	150,000	477,013	309,026
120,252	-	-	120,252	107,244
	-	-	2,945	810
123,197	327,013	150,000	600,210	417,080

	-	-	47,644	38,624
	319,935	-	379,870	344,628
	-	-	994	921
108,573	319,935	-	428,508	384,173
-	-	6,866	6,866	-
14,624	7,078	156,866	178,568	32,907
-	-	-	-	-
14,624	7,078	156,866	178,568	32,907

14,624	7,078	156,866	178,568	32,907

16,017	222,532	158,122	396,671	363,764
30,641	229,610	314,988	575,239	396,671

Page 6

Frank Longford Charitable Trust Balance Sheet

at 31 December 2023

Charity No. 1164701 Fixed assets Investments 11 Current assets Cash at bank and in hand Creditors:Amount falling due within one year 12 Net current assets Total assets less current liabilities Creditors:Amounts falling due after more than one year 13 Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 14 Endowment funds Restricted income funds Unrestricted funds 14 General funds Reserves 14 Revaluation reserve Total funds	2023 £ 156,866 156,866 533,427 533,427 (71,832) 461,595 618,461 (43,222) 575,239 575,239 308,122 229,610 537,732 30,641 30,641 6,866 6,866 575,239	2022 £ -
		- 511,725
		511,725 (66,588)
		445,137 445,137 (48,466)
		396,671
		396,671
		158,122 222,532
		380,654 16,017
		16,017 -
		-
		396,671

Approved by the trustees on 25 July 2024

And signed on their behalf by:

Tom Pakenham Trustee 25 July 2024

Page 7

Frank Longford Charitable Trust Notes to the Accounts

for the year ended 31 December 2023

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing fixed assets to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 8

Frank Longford Charitable Trust Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Intangible fixed assets (including purchased goodwill, patents and trademarks) are carried at cost less accumulated amortisation and impairment losses.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 9

Frank Longford Charitable Trust Notes to the Accounts

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Statement of Financial Activities - prior year

Income and endowments from: Donations and legacies Charitable activities Investments Total Expenditure on: Raising funds Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Longford Scholarships Paddy Pakenham Endowment Fund	Unrestricted funds 2022 £ - 107,244 810 108,054 38,624 46,964 921 86,509 21,545 21,545 21,545 (5,528) 16,017 Restricted £ 325,933 1,080 - 327,013	Restricted funds 2022 £ 290,898 - - 290,898 - 297,664 - 297,664 (6,766) (6,766) (6,766) 229,298 222,532 Endowment £ - - 150,000 150,000	Endowment funds 2022 £ 18,128 - - 18,128 - - - - 18,128 18,128 18,128 139,994 158,122 Total 2023 £ 325,933 1,080 150,000 477,013	Total funds 2022 £ 309,026 107,244 810
				417,080 38,624 344,628 921
				384,173
				32,907
				32,907
				32,907 363,764
				396,671
				Total 2022 £ 289,818 1,080 18,128
				309,026

Page 10

Frank Longford Charitable Trust Notes to the Accounts

4 Income from charitable activities

Annual lecture and prizes General Administration 5 Income from investments Interest received 6 Expenditure on raising funds Costs of generating voluntary income Fundraising 7 Expenditure on charitable activities Expenditure on charitable activities Service and support of scholars Annual lecture and prizes Grants made Governance costs Accounting fees and other governance costs	Unrestricted £ - 40,753 - 19,182 59,935	Unrestricted £ 37,049 83,203 120,252 Unrestricted £ 2,945 2,945 Unrestricted £ 47,644 47,644 Restricted £ 145,605 - 174,330 - 319,935	Total 2023 £ 37,049 83,203 120,252 Total 2023 £ 2,945 2,945 Total 2023 £ 47,644 47,644 Total 2023 £ 145,605 40,753 174,330 19,182 379,870	Total 2022 £ 36,176 71,068
				107,244
				Total 2022 £ 810
				810
				Total 2022 £ 38,624
				38,624
				Total 2022 £ 133,419 33,337 164,245 13,627
				344,628

Page 11

Frank Longford Charitable Trust Notes to the Accounts

8 Analysis of grants

Activity or programme Scholarships and awards 9 Other expenditure Legal and insurance	Grants to Individuals £	Support Costs £ 145,605 145,605 Unrestricted £ 994 994	Total 2023 £ 319,935 319,935 Total 2023 £ 994 994	Total 2022 £ 297,664
	174,330
	174,330			297,664
				Total 2022 £ 921
				921

10 Staff costs

The charity did not operate a PAYE scheme within the year ended 31 December 2023. Following the growth of the charity it plans to register for a scheme within 2024.

11 Investments

Cost or revaluation Additions Revaluation At 31 December 2023 Net book values At 31 December 2023 12 Creditors: amounts falling due within one year Other creditors 13 Creditors: amounts falling due after more than one year Other creditors	2023 £ 71,832 71,832 2023 £ 43,222 43,222	Other investments - Listed £ 150,000 6,866 156,866 156,866	Total £ 150,000 6,866
			156,866
			156,866
			2022 £ 66,588
			66,588
			2022 £ 48,466
			48,466

Page 12

Frank Longford Charitable Trust Notes to the Accounts

14 Movement in funds

Movement in funds
Restricted funds: Endowment funds: Endowment Funds Total Restricted income funds: Restricted Funds Total Unrestricted funds: General funds Revaluation Reserves: Endowment funds: Endowment Funds Total Total revaluation reserves Total funds	At 1 January 2023 158,122 158,122 222,532 222,532 16,017	Incoming resources (including other gains/losses ) £ 150,000 150,000 327,013 327,013 123,197	Resources expended £ - - (319,935) (319,935) (108,573)	At 31 December 2023 £ 308,122
				308,122
				229,610
				229,610
				30,641

	- - - 396,671	6,866 6,866 6,866 607,076	(428,508)	6,866
				6,866

				6,866

				575,239

Purposes and restrictions in relation to the funds: Revaluation reserves Represent the amount by which investments exceed their historical cost.

15 Analysis of net assets between funds

Unrestricted funds £	Restricted funds £	Total £
-	156,866	156,866
405,730 (43,222) 362,508	55,865 - 212,731	461,595 (43,222)
		575,239

Page 13

Frank Longford Charitable Trust Notes to the Accounts

16 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents Net debt	At 1 January 2023 £	Cash flows £	At 31 December 2023 £
	511,725	21,702	533,427
	511,725 511,725	21,702 21,702	533,427
			533,427

Page 14

Frank Longford Charitable Trust Statement of Cash flows

for the year ended 31 December 2023

Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Dividends, interest and rents from investments Receipts from donations of endowments Increase in trade and other payables Net cash provided by operating activities Cash flows from investing activities Payments for investments Dividends, interest and rents from investments Net cash (used in)/from investing activities Cash flows from financing activities Receipts from donations of endowments Net cash from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	2023 £ 178,568 (2,945) (150,000) - 25,623 (150,000) 2,945 (147,055) 150,000 150,000 28,568 511,725 540,293	2022 £ 32,907 (810) (18,128) 115,054
		129,023 - 810
		810
		18,128
		18,128

		147,961
		472,996
		620,957

Components of cash and cash equivalents
Cash and bank balances	533,427	511,725

	533,427	511,725

Page 15

Frank Longford Charitable Trust Detailed Statement of Financial Activities

for the year ended 31 December 2023

Income and endowments from: Donations and legacies Longford Scholarships Paddy Pakenham Endowment Fund Charitable activities Annual lecture and prizes Service and support of scholars Investments Interest received Total income and endowments Expenditure on: Costs of generating donations and legacies General Administration Total of expenditure on raising funds Charitable activities Service and support of scholars Annual lecture and prizes Grants made Governance costs Accounting fees and other governance costs Total of expenditure on charitable activities Other expenditure Legal and insurance Total of expenditure of other costs Total expenditure Net gains on investments	Unrestricted funds 2023 £ - - - - 37,049 83,203 120,252 2,945 2,945 123,197 47,644 47,644 47,644 - 40,753 - 40,753 19,182 19,182 59,935 994 994 994 108,573 -	Restricted funds 2023 £ 325,933 1,080 - 327,013 - - - - - 327,013 - - - 145,605 - 174,330 319,935 - - 319,935 - - - 319,935 -	Endowment funds 2023 £ - - 150,000 150,000 - - - - - 150,000 - - - - - - - - - - - - - - 6,866	Total funds 2023 £ 325,933 1,080 150,000 477,013 37,049 83,203 120,252 2,945 2,945 600,210 47,644 47,644 47,644 145,605 40,753 174,330 360,688 19,182 19,182 379,870 994 994 994 428,508 6,866	Total funds 2022 £ 289,818 1,080 18,128
					309,026
					36,176 71,068
					107,244
					810
					810
					417,080 38,624
					38,624
					38,624 133,419 33,337 164,245
					331,001
					13,627
					13,627
					344,628 921
					921
					921
					384,173 -

Page 16

Frank Longford Charitable Trust Detailed Statement of Financial Activities

Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	14,624 14,624 - 14,624 16,017 30,641	7,078 7,078 - 7,078 222,532 229,610	156,866 156,866 - 156,866 158,122 314,988	178,568 178,568 - 178,568 396,671 575,239	32,907
					32,907 -
					32,907
					363,764
					396,671

Page 17