The Thomas Franks Foundation Limited Report of the Trustees For the year ended 31 December 2022.
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006 present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) (Update Bulletin 2 effective from 1 January 2019).
The Financial Statements have been prepared in accordance with the accounting policies set out in 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 applicable in the UK and Republic of Ireland published on 16 July 2014 (as amended by Update Bulletin 1 published on 2 February 2016).
Objectives and Activities
Objectives and aims
The formal objectives of the company, as set out in the Memorandum of Association as amended by Special Resolution, revised and approved 27 June 2021 are:
‘The objects of the CIO are the relief of need amongst disadvantaged adults, children and young people for the public benefit, in particular, but not exclusively, by the award of grants and provision of services which assist and support the development of children and young people, provide relief, support and opportunity to adults, including projects which undertake direct educational activity and food-based learning. for the purposes of this clause "disadvantaged" means persons who are disadvantaged due to poverty or financial hardship, ill health or deprived social circumstances.’
The Trustees believe that the most direct way the Charity could initially provide support to communities was to provide healthy, nutritious meals to those most in need through its ‘Feeding Communities’ programme and ‘Feet up Fridays’ initiative that provides food support to carers and cared-for in Oxfordshire. This aspect of the Foundation’s work has developed during the period of this report. To further develop this work a significant 3-year application will be made to the National Lottery Community Fund in the next fiscal year. Further developments enjoyed success in the year and the Foundation has significantly grown in strength now operating from an established base. The trustees confirm that they have referred to the guidance contained in the Charity Commission’s guidance on public benefit when reviewing the association’s aims and objectives. All activities have been in accordance with the revised aims and objectives that were approved by the Charity Commission in June 2021. The Trustees identified opportunities to widen their community support and establish legacy projects developed from the ‘Feeding Communities’ initiatives. These projects, while still in keeping with the Foundation’s aims and objectives, aimed to establish structural change in communities through educational programmes, including those addressing food waste.
The Thomas Franks Foundation Limited Report of the Trustees For the year ended 31 December 2022.
Contribution
The contribution of each member is limited to £1 in the event of a dissolution of the Company.
Achievement and Performance
Charitable activities
Charitable activities
The Charity has enjoyed significant growth over the year and now delivers its objectives through five key support programmes:
Feeding Communities - providing nutritious and healthy meals to those in need. This has been achieved and developed through participation in initiatives led by a number of local authorities and other charities.
Beyond Education Being Human - providing practical cooking and nutrition lessons in schools
Surplus to Purpose - an environmental enterprise that uses food destined for waste in the preparation of nutritious meals. This has been a key development through the year supporting charitable initiatives with the preparation of ready chill cook meals as well as the donation of food boxes. Both above initiatives have strengthened the Foundation's links with and support for the activities of other charities engaged in community feeding programmes.
Feet up Fridays - provides support to unpaid carers including the provision of meals. This initiative was developed from a successful bid to the National Lottery Community Fund that part-supported the appointment of a ‘Feeding Communities Coordinator’ whose brief included research and establishing partnerships with those working to provide key assistance to unpaid carers. This again has proved to be a major growing development of the Foundation.
We Grow You Grow - an education programme delivered to children from an early age on how to nurture a healthy, positive mindset towards food consumption and the impact of food production and waste on the planet. The programme includes the establishment of school-based allotments with a number having been successfully established in the year.
Specific Grants - The Foundation has made a small number of specific grants to organisations engaged in food education, particularly involving young people. Examples are ‘Farm Ed’ a charitable educational farming operation in Oxfordshire and The Food and Farming Trust based in Norfolk.
Reserves Policy
The Foundation has extremely limited ongoing liabilities and operates largely on an 'in - out' basis. Income is received and expended on approved initiatives. The known limited future liabilities (School Fee Bursaries) are underwritten through the operating arrangement with Thomas Franks Ltd.
The Foundation does not have direct paid employees, office accommodation or other infrastructure costs to be taken into account, should the Charity cease to operate for whatever reason.
Therefore, the need for a Reserve and associated policy is not a prime requirement for the Foundation, however the Trustees' aim is to hold 10% of annual operating turnover as a protection against any unknown liabilities that may arise.'
The Thomas Franks Foundation Limited Report of the Trustees For the year ended 31 December 2022.
Structure Governance and Management Governing document
The charity is controlled by its governing document, a deed of trust. This was amended and approved in June 2021 to reflect the developed activities of the charity from its original foundation in September 2019.
Reference and Administrative Details
Registered Charity number
1185180
Registered office
The Stables Hook Norton Brewery Brewery Lane Hook Norton Oxfordshire OX15 5NX
Trustees:
Emma Bothwell Tim Cooper Jeremy Gibson Anthony Legget Sarah Edwards (resigned 31 March 2022) Edward Hellings (appointed 1 October 2022)
The Thomas Franks Foundation Limited Report of the Trustees
For the year ended 31 December 2022
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The Thomas Franks Foundation Limited Charity No
(if any) 1185180
Annual accounts for the period
Period start Period end
date 01.01.2022 To date 31.12.2022
Section A Statement of financial activities
Restricted
Recommended categories by Unrestricted income Endowment Prior year
activity funds funds funds Total funds funds
£ £ £ £ £
Incoming resources (Note 3)
Income and endowments from:
- -
Donations and legacies 213,811 213,811 213,091
Total 213,811 - - 213,811 213,091
Resources expended (Note 4)
Expenditure on:
Raising funds 11,111 - - 11,111 7,119
Charitable activities 208,760 - - 208,760 158,582
Other 1,200 - - 1,200 1,000
Total 221,071 - - 221,071 166,701
Net (expenditure)/income (7,260) - - (7,260) 46,390
- - - - -
Extraordinary items
Transfers between funds - - - - -
Other recognised gains/(losses):
- - - - -
- - - - -
Net movement in funds (7,260) - - (7,260) 46,390
Reconciliation of funds:
Total funds brought forward 66,087 - - 66,087 19,697
Total funds carried forward 58,827 - - 58,827 66,087
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The Thomas Franks Foundation Limited Report of the Trustees For the year ended 31 December 2022 Section B Balance sheet
| Fixed assets Current assets Total fixed assets Cash at bank and in hand (Note 8) Total current assets Creditors:amounts falling due within one year (Note 8) Net current assets/(liabilities) Total assets less current liabilities Creditors:amounts falling due after one year (Note 8) Provisions for liabilities Total net assets or liabilities Funds of the Charity Unrestricted funds Total funds Signed by one or two trustees on behalf of all the trustees |
Restricted Unrestricted income funds funds £ £ |
Restricted Unrestricted income funds funds £ £ |
Endowment funds £ |
Total this year £ |
Total last year £ |
|
|---|---|---|---|---|---|---|
| - | - | - | - | - | ||
| 60,847 | - | - | 60,847 | 67,987 | ||
| 60,847 | - | - | 60,847 | 67,987 | ||
| 2,020 | - | - | 2,020 | 1,900 | ||
| 58,827 | - | - | 58,827 | 66,087 | ||
| 58,827 | - | - | 58,827 | 66,087 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 58,827 | - | - | 58,827 | 66,087 | ||
| 58,827 | - | 58,827 | 66,087 | |||
| 58,827 | - | - | 58,827 | 66,087 | ||
| Signature | Name | Date of approval |
||||
| Tim Cooper | Tim Cooper | 11. 10. 2023 | ||||
The Thomas Franks Foundation Limited Report of the Trustees For the year ended 31 December 2022 Section C
Notes to the accounts
Note 1 Basis of preparation
This section should be completed by all charities .
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
-
the Statement of Recommended Practice: Accounting and Reporting by Charities
-
• and with* preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
-
and with the Charities Act 2011.
1.2 Going concern
If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:
An explanation as to those factors that support the conclusion that the charity is a going concern;
Disclosure of any uncertainties that make the going concern assumption doubtful;
Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
Objectives of the Charity to support disadvantaged individuals through food projects is a continued popular cause for many businesses and individuals who have supported the Charity to date. Not applicable Not applicable
Note 2
The Thomas Franks Foundation Year ended 31 December 2022 Accounting policies
Accounting policies
2.2 INCOME
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.
| Recognition of income These are included in the Statement of Financial Activities (SoFA) when: the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and the monetary value can be measured with sufficient reliability. Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Government grants The charity has received government grants in the reporting period Tax reclaims on donations and gifts Contractual income and performance related grants Donated goods Donated services and facilities Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. Support costs The charity has incurred expenditure on support costs. The value of any voluntary help received is not included in the accounts but is described Volunteer help Income from interest, royalties and dividends in the trustees’ annual report. This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membershipMembership subscriptions received in the nature of a gift are recognised in Donations subscriptions and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. |
Yes No N/a |
Yes No N/a |
Yes No N/a |
|---|---|---|---|
| orYes No N/a Yes No N/a |
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| Yes No N/a Yes No N/a Yes No N/a |
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| Yes No N/a Yes No N/a Yes No N/a Yes No N/a |
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The Thomas Franks Foundation
Year ended 31 December 2022 Accounting policies (Continued)
| Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. Investment gains and losses This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 2.3 EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial instruments The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. 2.4 ASSETS Tangible fixed assets for use by charity These are capitalised if they can be used for more than one year, and cost at least They are valued at cost. The depreciation rates and methods used are disclosed in note 9.2. Intangible fixed assets The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 They are valued at cost. Heritage assets The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4. Investments They are valued at cost. Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments |
Yes | No | N/a |
|---|---|---|---|
| | |||
| Yes | No | N/a | |
| | |||
| Yes | No | N/a | |
| | |||
| ~~Yes~~ | No | N/a | |
| | |||
| Yes | No | N/a | |
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| Yes | No | N/a | |
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| Yes | No | N/a | |
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| Yes | No | N/a | |
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| Yes | No | N/a | |
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| Yes | No | N/a | |
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| Yes | No | N/a | |
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| Yes | No | N/a | |
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| Yes | No | N/a | |
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| Yes | No | N/a | |
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| Yes | No | N/a | |
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| Yes | No | N/a | |
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| Yes | No | N/a | |
| | |||
| Yes | No | N/a | |
| | |||
| Yes | No | N/a | |
| |
The Thomas Franks Foundation
Year ended 31 December 2022 Accounting policies (Continued)
| Stocks and work in progress Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. Debtors Current asset investments The charity has has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due. They are valued at fair value except where they qualify as basic financial instruments. |
Yes | No | N/a |
|---|---|---|---|
| | |||
| Yes | No | N/a | |
| | |||
| Yes | No | N/a | |
| | |||
| Yes | No | N/a | |
| | |||
| Yes | No | N/a | |
| | |||
| Yes | No | N/a | |
| |
POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE
The Thomas Franks Foundation Limited Report of the Trustees For the year ended 31 December 2022.
Section C Notes to the accounts (cont)
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Note 3 Analysis of income
Restricted Unrestricted Endowment Total Funds Prior
Donations Funds Year
and legacies: Donations and Gift Aid gifts -- 213,811- -- 213,811- 202,818273
Legacies - - - - -
General grants provided by government/other - - - - 10,000
charities
Membership subscriptions and sponsorships
which are in substance donations - - - -
Donated goods, facilities and services - - - - -
Other - - - -
Total - 213,811 - 213,811 213,091
Charitable
activities: - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Other trading
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from Interest income - - - - -
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total - - - - -
Separate - - - - -
material item - - - - -
of income: - - - - -
- - - - -
Total - - - - -
Other: Conversion of endowment funds into income - - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME - 213,811 - 213,811 213,091
Other information:
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All income in the prior year was unrestricted except for: (please provide description and amounts) Not applicable Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion. Not applicable Where any endowment fund is converted into income in the prior period, please give the reason for the conversion. Not applicable
Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)
Not applicable
The Thomas Franks Foundation Limited Report of the Trustees For the year ended 31 December 2022.
Section C Notes to the accounts (cont)
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Note 4 Analysis of expenditure
This year Last year
Restricted
Unrestricted Restricted Endowment Unrestricted income Endowment
Analysis funds income funds funds Total funds funds funds funds Total funds
Expenditure on raising funds: £ £
Support costs (IT, stationary)
11,298 - - 11,298 8,119 - - 8,119
- - - - -
- - -
11,298 8,119 - - 8,119
Total expenditure on raising funds 11,298 - -
Expenditure on charitable activities:
Costs of running projects (see below) 209,773 - - 209,773 158,582 - - 158,582
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total expenditure on charitable 209,773 209,773 158,582 158,582
activities - - - -
Separate material item of expense
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total - - - - - - - -
Other
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total other expenditure - - - - - - - -
TOTAL EXPENDITURE 221,071 - - 221,071 166,701 - - 166,701
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Other information:
Analysis of expenditure on charitable activities
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This year Last year
Activities Grant Activities Grant
Support Total this Support Total last
Activity or programme undertakendirectly funding of activities Costs year undertakendirectly funding of activities Costs year
£ £ £ £ £ £ £ £
Feeding communities 101,008 - - 101,008 127,320 - - 127,320
Miracles 11,738 - - 11,738 - - - -
Homeless feeding - - - - - - - 12,266
Miles for Meals - - - - 753 - - 753
Educational bursaries 69,050 - - 69,050 27,062 - - 27,062
Grants 24,919 - - 24,919 - - - -
Other 2,045 - - 2,045 3,447 - - 3,447
Total 208,760 - - 208,760 158,582 - - 158,582
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The Thomas Franks Foundation Limited Report of the Trustees For the year ended 31 December 2022. Section C Notes to the accounts
Note 5 Details of certain items of expenditure
5.1 Fees for examination of the accounts
Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).
Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner
| 1,200 | 1,000 |
|---|---|
| - | - |
| - | - |
| - | - |
The Thomas Franks Foundation Limited Report of the Trustees
For the year ended 31 December 2022.
Section C
Notes to the accounts (cont)
Note 6 Paid employees Please complete this note if the charity has any employees.
6.1 Staff Costs
| Salaries and wages Social security costs Pension costs (defined contribution scheme) Other employee benefits This year: Total staff costs Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Last year: |
This year £ |
Last year £ |
|---|---|---|
| - | - | |
| - | - | |
| - | - | |
| - | - | |
- |
- | |
| Community Support officer works for Thomas Franks Limited and spends 1.5 days a week working for the charity. This is paid for by a National Lottery Grant received |
||
| Not applicable |
Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party
Not applicable
Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.
| No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000 |
Not applicable | |
|---|---|---|
| Band | Number of | employees |
| This year | Last year | |
| £60,000 to £69,999 | - | - |
| £70,000 to £79,999 | - | - |
| £80,000 to £89,999 | - | - |
| £90,000 to £99,999 | - | - |
| £100,000 to £109,999 | - | - |
| Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity. For specific amounts paid to trustees, see Note 28. |
||
| Thisyear | Lastyear | |
| £ | £ | |
- |
- |
| 6.2 Average head count in the year The parts of the charity in which the employees work |
This year Number |
Last year Number |
|
|---|---|---|---|
| Fundraising | - | - | |
| Charitable Activities | - | - | |
| Governance | - | - | |
| Other | - | - | |
| Tota | l - |
- |
The Thomas Franks Foundation Limited Report of the Trustees For the year ended 31 December 2022.
Section C Notes to the accounts (cont)
Note 7 Grantmaking
Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.
This year:
7.1 Analysis of grants paid (included in cost of charitable activities)
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Grants to
Analysis institutions Grants to individuals Support costs Total
£ £
Bursary 69,050 - - 69,050
Grants 24,919 - - 24,919
Total 93,969 - - 93,969
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The Thomas Franks Foundation Limited Report of the Trustees For the year ended 31 December 2022.
Section C Notes to the accounts (cont)
Note 8 Creditors and accruals Please complete this note if the charity has any creditors or accruals.
8.1 Analysis of creditors
Accruals for grants payable Bank loans and overdrafts
Trade creditors
Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors
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Amounts falling due within Amounts falling due after
one year more than one year
This year Last year This year Last year
£ £ £ £
- - - -
- - - -
- - - -
- - - -
2,020 1,900 - -
- - - -
- - - -
- -
Total 2,020 1,900
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The Thomas Franks Foundation Limited Report of the Trustees
For the year ended 31 December 2022.
Section C Notes to the accounts (cont)
| Note 9 Cash at bank and in hand Short term cash investments (less than 3 months maturity date) Short term deposits Cash at bank and on hand Other Total |
||
|---|---|---|
| This year £ Last year £ |
||
| - - |
||
| - - |
||
| 60,847 67,987 |
||
| - - |
||
| 60,847 | 67,987 |
The Thomas Franks Foundation Limited Report of the Trustees
For the year ended 31 December 2021.
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Section C Notes to the accounts (cont)
Note 10 Charity funds
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10.1 Details of material funds held and movements during the CURRENT reporting period
Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.
* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds
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Fund Fund
balances balances
Type PE, EE
Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
Donation surplus UR Unrestricted for charitable objectives 66,087 213,811 221,071 - - 58,827
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds 66,087 213,811 221,071 - - 58,827
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The Thomas Franks Foundation Limited Report of the Trustees For the year ended 31 December 2021.
Section C Notes to the accounts (cont)
Note 28 Transactions with trustees and related parties
If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.
28.1 Trustee remuneration and benefits
This year
None of the trustees have been paid any remuneration or received any other benefits from an TRUE employment with their charity or a related entity (True or False)
In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.
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Amounts paid or benefit value
Legal authority (eg Remuneration Pension Redundancy Other TOTAL
Name of trustee order, governing contribution (including
document) loss of
office)/ex
gratia
£ £ £ £ £
-
- - - -
- - - - -
- - - - -
- - - - -
Please give details of why remuneration or other
employment benefits were paid.
Where an ex gratia payment has been made to a trustee,
provide an explanation of the nature of the payment.
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Last year
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)
TRUE
In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.
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Amounts paid or benefit value
Remuneration Pension Redundancy Other TOTAL
Legal authority (eg contribution (including
Name of trustee order, governing loss of
document) office)/ex
gratia
£ £ £ £
- - - - -
- - - - -
- - - - -
- - - - -
Please give details of why remuneration or other NOT APPLICABLE
employment benefits were paid.
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The Thomas Franks Foundation Limited Report of the Trustees For the year ended 31 December 2021.
Section C Notes to the accounts (cont) Where an ex gratia payment has been made to a trustee, NOT APPLICABLE provide an explanation of the nature of the payment.
28.2 Trustees' expenses
If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".
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No trustee expenses have been incurred (True or False) TRUE
This year Last year
Type of expenses reimbursed
£ £
Travel - -
Subsistence - -
Accommodation - -
Other (please specify): - -
- -
TOTAL - -
Please provide the number of trustees reimbursed for expenses or who had 0 0
expenses paid by the charity
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28.3 Transaction(s) with related parties
Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.
This year
| There have been no related party transactions in the reporting period (True or False) | There have been no related party transactions in the reporting period (True or False) | There have been no related party transactions in the reporting period (True or False) | There have been no related party transactions in the reporting period (True or False) | There have been no related party transactions in the reporting period (True or False) | TRUE | TRUE | TRUE |
|---|---|---|---|---|---|---|---|
| Name of the trustee or related party |
Relationship to charity |
Description of the transaction(s) |
Amount | Balance at period end |
Provision for bad debts at period end |
Amounts written off during reporting period |
|
| £ | £ | £ | £ | ||||
In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.
NOT APPLICABLE
For any related party, please provide details of any guarantees given or received.
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NOT APPLICABLE
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The Thomas Franks Foundation Limited Report of the Trustees
For the year ended 31 December 2021.
Section C Notes to the accounts (cont)
Last year
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There have been no related party transactions in the reporting period (True or False) TRUE
Amounts
written off
Name of the trustee Relationship Description of the Balance at Provision for bad debts
Amount during
or related party to charity transaction(s) period end at period end
reporting
period
£ £ £ £
In relation to the transactions above, please provide the
terms and conditions, including any security and the nature
of any payment (consideration) to be provided in settlement.
NOT APPLICABLE
For any related party, please provide details of any
guarantees given or received.
NOT APPLICABLE
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The Thomas Franks Foundation Limtied
Report of the Trustees
For the year ended 31 December 2022
Independent Examiner's Report to the Trustees of The Thomas Franks Foundation
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31st December 2022 which are set out on the enclosed pages
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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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 accounts to be reached.
Carl Elsby
ACA
Elsby&Co
Thistledown Barn
204 Holcot Road
Sywell
Northampton
Northamptonshire Date: 11/10/2023