The Thomas Franks Foundation Report of the Trustees For the year ended 31 December 2024 The Trustees present their reptyt with thfj financial statsmerts of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charilie$: Ststement of Recommended Practice applicable to charities preparing their a¢count5 in accordance wf(h the Financial Reporting Standard applicable in the UK and Republic of I￿land IFRS 102) (effective l January 20191 Iupdate Bulletin 2 effe¢live from 1 January 2019). The Financi81 Statements have been prepared in accordance with the aC￿untIng policies Set out in notes to the accounts and comply with the Gharity's governing docum8nt, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charrbes preparing their accounts in accordan¢8 with the Financial Reporting Standard applicable in the UK and R8public of Ireland published on 16 July 2014 (as amended by UFrtlate Bulletin I published on 2 February 2016). Objectives and Actlvltles Objectlvo8 and aims The fomial objectives of the ￿Mpany, 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 adutts, children and young people for the public b@nefit. in particular. but not exclusively. by the award of grants and provision of services which assist and support the development of chddren and young people, provkde relief, support and opportunity to adutts, including projects which undertake direct educational activrty and food-based learning. for the purposes of this clause "disadvantaged" means persons who are disadvantaged due to poveity or financial hardship, ill heakh or déprived social ¢ircumstances.' The Trustees believe that the most direct way the Charity could provide support to communities was lo prepare and deliver healthy, nutritious meals to those most in need through its umbrella 'Feeding Communities, programme. This initiative has further developed through the year along with a number of other complementary ventures. The trustees confirm that they have referred to the guidance contained in the Charity Commission's guidance on public benefit when reviewing the ass{￿lat￿n,$ aims and objectives. All activities have been in accordance with the revised aims and objectives that were approved by the Charty Commission in June 2021. The Foundation now has a strong established base, and Trustees a￿ now actNely seektng funding opportunitiès to furth8r d8velop their key operations. Contribution The conlribution of eath member is limited to £1 in the event of a dissolution of the CIO. Achievement and Performance Charitable activities The Charity has enjoyed signifi¢ant growth over the year and now delivers its objectives Ihrough a number of key support programmes. These have delrvered 3.500,000 meals. some through partnership with 127 charities and ulilising the services of voluntsers approaching 4,000 in number. Feeding Communities- Trustees believe everyone should have access to food, no questions asked. Feeding Cornmunrties uses Thomas Franks Limited resources and expertise to produce made-up fcN)d parcels and freshly prepared meals in response to those in need. Christmas 2024 saw the Foundation deliver its 'End Street Hungerf campaign mounted in association vthh the charity 'Under One Sky. vA)ere quality meals were provided to individuals 'street living,, principally in London but also other major Cities. A high proportion of these meals, all prepared and delivered by volunteers from supporting chartties and organisations. ulilised surplus food ingredients that otheNise would have gone to waste. In the 'Big Cook Challenge, a world record was broken by over 400 volunteers again from a number of supporting organisations. including 'City Harvest, (see below), producing 79.500 quality meals in 24 hours. The meals went into storage for later distribution through the Feeding Communrties Programme. A tremendous, noteworlhy achievement. These are the fvndamental purposes underpinning all the activtknes of the Charity and the key area where further developmènt will be prioritised. Beyond Education Boing Human - This initiative has one vision.. to help provide children and young adults with essential cooking and food-based life skills. DelNered through practical workshops by our sknlEed teams and the surplus food created is donated and delivered lo local charities. We Grow You Grow- The aim of We Grow You Grow is simple, to educate chikdren from an early age that we can nurture a healthy, positive mindset towards food usage and highlight how we can have control over our impact on the planet. 'Clty Harvest. Ilnk- This is a Charitab￿ company which, amon9St other objectives, specialises in the interception of food that's deemed surplus or waste before il heads to landfill. This produce may be past'Best Before,. have suffered packaging mishaps, accidental damage or simple over-production. The partnership supplies the Foundation with regular source of ingredients that are turned into meals fft for our plates. Specific Grants - The Foundation has made a small number of specrfic grants to organisations 6ngaged in focil education and education involving young people. Examples include a number of educational bursaries and The Fi)od and Famiing Trust based in Norfolk. Financial Review Income has reduced sligh￿Y in the year, but this has been matched wth a reduction in expenditure of the Foundation which has resulted in a small deficit of £1,125 (2023.. £14,915 surplus). This year a year of consolidalv)n of the existing projects continuing lo provide meals lo those Communsties in the greatest need. The Foundation has algo continued to support young people through bursaries to local schools of £49.941 12023: £47.9031. The Foundation has also sUPPOrted some allergen research in th& year through the provision of a £5,000 granL Prfnclpal Rlsks and Un¢ertaintie• The principal risk of the Charity is the lack of funds to be able to continue to achieve the Charitsble objectives. This is mitigated by the strong, lon9-slanding relationships that the Tw$tees and volunteers of the Charity have with their main supporters and the constant work to do more fundraising through both sponsored activibes and partnering wtth businesses whose charitable obje￿1V9¥ align with the Foundation's. The Trustees do not consider that there are any material uncertainti8s for the Foundation for the forthcoming year as all partners have committed to supporting the Foundation and funding has been secured for the grants and bursaries that the Foundatton is committed to. Reserves Policy The Foundation will aim to retain sufficienl caprtal funds in reseNe to pgrmii it to conduci its 8Ctivities 88 defined by the Governing Board for a pericKI of tsvo years in the absence of any income over this period. This is because the level of fundraising and donations are subject lo factors whi¢h are not a￿ayS in the ¢onlrol of the Foundation. At Ihe end of ihe period under review. free reseNes are £50,23312023= £73.7421, which is c.250A of the target. The remaining reserves are held in the fomi of fixed assets of £22,384 {2023: NA}. However, the business model is based on a 'money in - money OLrf principles and has very low overheads. Structure Governance and Management Governing documont The charty 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. From December 2024, to meet the increasing gro%Mh 8nd further development of the Charrty Trustees approved the appointment of a Chief Executive (Raj S￿9h1 with the funding for this position coming from Thomas Franks Limited. Trustee Selectlon Methods The charty operates under a Foundation Charitable InCo￿orated Organisat*)n {CIO) model, where onty the charity trustees are mpmbers of the CIO. Truslees are recruited organicalty through our charitsble neI￿￿rk, wth candidates going through a 3-stage process.. 1. Initial CV and Covering letter 2. Intsrview 3. Group inteNiew Reference and Administrative Details Registered Charity number 1185180 Registered office The Stables Hook Norton Brewery Bréwery Lane Hook Norton Oxf¢ydshire OX15 SNX Trustees Emma Bothwell Tim Coop8r Jeremy Gibson Anthony Leggett Edward H@Ilin9S The report is signed on behalf of the Trustees by.. Anthony Leggett Signed: Date.. 1611012025 Tho Thomas Franks Foundatlon 1185180 nnual accounts for the period Perbod stsrt da 01.01.2024 To PèAod ond dat• 31.12.2024 Section A Statement of financial activities (including summary income and expenditure account) Restrictsd In¢omo funds Unrnstrl¢tod fvnds Endowrnent fvnds Prlor yoar funds RKommendod ¢8t¢yorl•s by a¢fjvlty Total funds Incorne (Note 3) In¢om¢ and endowments Irtyn: DonatKKAand Wu"es 112.078 112.078 146,3(XJ rotsl Expenditure (Notss 4, 5 and 6) Expendlture on.. Rvd¥ng fvnd 112.078 112.078 1.181 109,345 2,677 1.181 109.345 2,677 113. 731 129,914 740 Total 11 13 Net income l(expendltur•l bofor• lax br the reportlng perkjd 1,125 1,125 14,915 Tax payab Net (expenditure) Igains aftor tax before Inve$lm•nl Ilossesv gains 1,125 1,125 14.915 Net{k)&sesl 19ain• on investh*m8 Net {oxpondituro1 Igalns Extraordinary itoms Transfers betwgen funds Other re¢ognis0d gainsl(108ses}: 1,125 1.125 14,915 G¥insandl¢)$8è$0n revèluthon offixedassets far ch&rity'scMn Net movomont in funds 1.125 1,125 14.915 Reconciliation of funds.. Total funds bro￿htfC￿rd 73,742 72,617 73,742 72,617 58,827 Total lunds carrled forwanl Thè Thom05 Franks Foundallon ar 1185180 Annual accounts for the period Section B Balance sheet Period start date.. 01101tt024 To period end date.. 3111212024 UnT￿tr￿t•d kncorng en110￿n•nt Total th1¥ lunds fvnd• Tot•ll4¥t Flxed assets Tanglblg assots INot• 81 Tot*lfix•d*ss•ts 22.384 r..7 Current assets D•btor¥ Ca8h at bankand In hand (Note 101 Tot&1 eufftnt *ssets 53.233 53.233 75,242 Cmdltors.. amount8 falllng wlthln ono year (Nots 91 3,000 3.cilo 1.500 Net cunnrt 88s•W{IlablNtles) 9),233 50233 73.742 rotsiassets I￿$ ¢un¥rtll&bllit*s 73,742 Cr•ditots- amounts folllng du• aft•r on• year IPlot• 91 Provl$lon$ for Ilablllil•s 72,617 72.617 73.742 Funds of the Charlty Unrestii¢t¢d fvrK 72.617 72,617 73,742 Totsl 72.617 72*17 n,742 Slgned by otw ortwotstJ$teos L¥) tshalf of allthetru8t8es Print Name Date of approval Anthony Leggett 1611012025 Section C Notes to the accounts Note 1 Basis of preparation Thls $6cllon shouldbe compbtedby•ll¢h&rldo8. 1.1 Basis of accountlng These accounts have been prepared und8rthe historical c05t convention with iterns rocogni5ed at cost or transaction value unless Otherwise stated in the relevant notelsl to theseattounts. The a¢￿￿nts have been prepa￿d in accordanctwth.. the Statement of Recommendgd Pra¢*(*: Ac￿ntIng and Repoffjn9 by Charlt p￿parIng Iheir acuunts in a¢ctsrdanc¢ with the Financial Reporbn9 Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and *ith' he Financial Raporbng Slandard applicabla in the United Kingdom and Republicof Irèland IFRS 1021 8ndwtth the Char ie$ 2011. Th• charity constitutes a publicb8n8fit8ntityasdefin8d by FRS 102." 1.2 Going eonc•m Ilthere arernateri•luncert•lntles rel&ledto•vert8 or¢ondlUons th4t¢•$lSl9nifi¢4ntdoubtonthe Charl￿5 ablllty to ¢i)ntlnu* as • golng conc•mJ please pmvlde the followlng detslls orst•¢e -Notapplkabl*-. If An *xpbnatH)n a8to th¢yde facto￿ Ihatsupport tho CO￿l￿810n that thè its a going coThcern', The cknarfiy alms lo onty inrJX expenditure whe￿cOrESPI￿￿i￿g Inrixnp re<￿TrI￿. whiL4t aiming to ￿lkI up 8 ￿1 Of￿￿$ $uffia8ntto Cover costs In Ihe evènt of a drop In inctyne (see ￿eryeS poly). In additty￿ to donatyL￿s and support from parthèts, th8 thaiity Gontin￿$ to enjoy ongoing 8UPPOrt trom Thom8s Fr8nks Limited. Therefo￿. the Truste88 are ¢onMent Ih8t Ihè usè oflhè Going Concern basis in ryeparsrvJ the 8ccounts 1$ a ro ri)te. Not apF*able Dtsdosur8 of any Un￿rtain￿e$ that make the going concern as$umptv)n doubtful". Wvhere accounts are not prepared on a going concem basis, p￿a$￿ disdose thi5 fact together wilh the basss on whleh the trustees P￿pare)sts 216 Insuranc•s 515 515 Olhet n1 n1 Totsl Ple4s• provid¢ det•ils of tte •¢¢*)untingpolky adop lortho *pportlonm•ntof ¢osts bolw•en actlvllles •nd •nY￿11M￿liD￿ technlques u$edlg Calculate thelr Section C Notes to the accounts Icontdl Note 6 Detalls of certaln typos of ex￿ndit￿￿ Wotg 8.1 Fee# lor èxamlnatlon of tho accounts Plgaso provld• d•¢alls olthe an70Untwidfor•ny slattstory extemal scrudny of counts 8ndothersernice$provid•dbyy¢)urind•p•nd•nt •x•mln•r. Ifnothlng Wa8 paldplea8é •nt•r'O' In th• appropylats l)ox(•s). Th18 year Last year Ind+￿nd•n1 •xamln•Vs kes 1.500 1.500 Assurance swvlc•s dherthan lrnJepend&nt examlnatlon Tax *dvistiry f•0* Oihtrlee8 Iforexample.. ff naneial adviee. eonsultaneyD aecountancy 8ervices} paid to th¥ Independ•nt oxamlnor Section C Notes to the accounts Icontl Note 7 Granlmaklng Plea¥o¢omplpte thlsnortelfthe charilymadeJny4r•nt8ordoMtions whlchlnaggreqatefomi•m•twl•ip*rtol Thls year: 7.1 Anal IB of gr4rts pwld Iln¢ludgd In of rharltsbk 4¢0vlJesl Grants to Grants to Instltutlons Indlvlduals AnalysSB Support Costs To¢•1 FrAid and Farrrdng tha00￿ry Tru&t 6.667.00 fj,fj67.00 5,OC(I.C 5,000 Aciivrfy 3 AL*ivty oy 4 Toial 6,167 11.667 PIM•• •nl•r Ylil°rfth¢ ¢lpwitydo¢• noti¢lenlrfy4R w•b Prov14*ed•tsMs Pulp 74)lal amount gr•nt• pald e 1.￿0 ulc0￿¢11 uts aCt￿clY Enga8esand 5UPPOrtsyi)un8 ple in ￿￿1r ￿￿nd1 developmcni mwwering them ￿ m8ktapos1liY¢ trI￿ri￿ to S￿l¢lv rotsl tt+ 1tt8thrt1L￿• In r•portlft9 ptiriod Oth•r un•nalp•d TOTAL ORAIITSPA 1,SOO Section C Notes to the accounts Icontl Nots8 Tangible fixed assets Pl8as&compht• th1$ noto Ifth•¢h•Yltyh*$•nyt•n9lbh fix•d•ss¢ts -1 Cost orvaluatlon Plart machlnory andmotorv•hlcl the beginning of the year Addit￿n$ 23,562 R¢valuatlon$ Disposals Transfers ' Al end ofthe year r3.562 82 Deweclatlon and Impalmients Strauht1￿8 20% At beginning of the year OKBPOSals DePreC￿tIon 1,177 Impainent Transfers" At of tho year 1.177 8.3 N•t book v*lu• Nat book value 81 th& beginning of the y¢ar Net book va￿e at the •nd of the year 22.385 Section C Notes to thè accounts (cont) Note e Credilor4 •nd x¢nwl• Plq•s• compl•to Ihls nof•lf th• chaflty has4ny¢rodltors ora¢uuals .1 AFoly$b Qf¢Trd￿Or¥ Amountslalling due wlthln on¢ y•ar Amounts falling duoknr mor• than onè yoar Thls year Laslyollr This year AG¢ruo15forgrnnts payabl8 Bank loans and ov•rdr4fts Trnde crodknr8 Payrnents reulvod on accountforcontracls or perfom)an¢g-related grants AC¢n￿lS and del•rr•d lrt¢•m0 3,0 Taxatlon and 80Ct81 s•¢uilty Olhercredto Total Section C Notes to tkne accounts (conti Not• 10 Cash al bank and In har¥1 ThL8 year Last y•Ar Short tsmi ¢a¥h In￿tments Ile¥¥th4n 3 months maturity tht*} Short trmi deposlt8 ash ai bank and on hanL1 53,233 75,242 Oih8r Total 53.233 75.242 1111111111 Iiiiiiiiiilli 1111111111 Iiiiiiiiiilll 1111111111 1111111111 111111111111 1111111111 1111111111 1111111111 1111111111 Section C Notes to the accounts Iconti Note 12 Transactions wlth trnstses and related partles Mlb• eh•KIty l1•s any transa¢llons wlth relatedpartles (otherthsn the trustee expenJes exptsinedin quidart• not•sJ detslls of $￿￿ tr•n$8¢Uon¥ 8houldbeprovldedln tljls note. ffth8rearn notr3nsèeiions knr•portpl•as• •nt•r-Tru•-In the box trr-False- ilthere ar* transactions to report 12.1 Trust•• r•mun•ratlon and b•r￿fits Thi¥ y￿r None of th• trnst•88 have beoTr pald any romunoratlon or Y•c•lved any other ben•flls from an •rnployrnont with th•ir charity or 8 relatsd •ntyty (Try• or F)ls¥l TRUE Inth•porlodth• chaTltyh•s paldtrust•es remuneratlon andb•no11ts. Pleasoglve th8 •mountof. *frKllègala￿h0trty1or. any r•munorallon orotherbenefitspaidto • trustw lJyth• ¢h•rftyorany Inst1t￿lOn orcompany connected wlth IL Amounts paid or b•n•fft valuo L•gal outhtsrftylog ord•r¥ gov•rnlng do¢ym*nt) Pen810 ¢onlrfbuth)n R•dundancy (including 1086 of 0ffi¢oyox TOTAL Name oftrustse Pl••s¢g1¥o d•t•il* of whyremuner•tlon oroth eftwloymert b•rt•ftts wor•p•ld frv an•xgratlapaym•nlha$ b¥•n mède toa truslee. provlde aft explon*lion of the naturn of the payment Ir• thirdpartyh•s beenJ¥iMlfvU￿6dfOrPrny11ll￿g ono or more tr￿$ts￿. st*te the natulè of the paymentand ofth• relmburn¢m•ni. si•t* the numberoftmsi¢es to whom ￿ti￿n￿￿t&•￿8￿ts •rn ac¢rulng undora dofined ¢ontrlb4rtlonpen*ion sch•me. Lasty None ofthe tru5ts0$ h•¥& been paidany remunerat￿n or r*¢elv¢d any otherbonefltsfrom an •tTh)loym¢nt wlth thelr charlty or a r•lat•d ontlty (Tru• or FalBo1 TruE In th8penTodtho charityhas P•idtruSte￿ reft7unerntion&ndbenerrts. Ple•seglv* the •moufttof. 8ndl¢g•lauthorltyfor. any romun•rnUon orothorb•rnffts p•ldto a trusi¢• byttsg ¢h•rlty or&ny Insthrtlon orcompany conn0Ct¢dwlth IL Arnounts paid or bon•fftvaluo Legal authorfty leg rderj governing document) Rqmun•rttbtt Pon￿011 contrlbutlon R￿UndantY Ilnclyding lo•• of offlGey•x TOTAL Nam• Oltr￿￿• P1••5•9iv•d•tails of whyrnmun•ratlon orotl •mploymentbeneffts wer• pald. an exgr*tlapaymenth80 b¢¢n mo(le to• trustee. pmvld• •n •xpl•n*llon ofth• natw¥ ofthe paym8nL Ifa thlrdp8rtyh88 re1mburs￿lQrPM¥ldHt￿ on•or irw￿1￿￿5, th• ￿t￿re ofthe paymentand amoufttoflh TrlmbuKsemert. ststolh6numberoftru8ts¢J to whom rttirementbeneffts 4r• under• rf•fIn￿ ¢ontrlbutlon ponslon heme. 12.2 Trustegs. 0x￿n$e9 If the charity has p•ldtrtsSIe￿ •xpens¢s forfulfilling th•lrdutles. del•ll8 of8uch tr*nsaclions slwldbeprovldgdln thls nol¥. Ifthorn4r• tran5aCtlons toreport. pleas• ent8r-Twe- lttthe bo￿￿10￿. ff there 8ro ￿n88¢I￿OnS tor•port pl¢••• ert•r-F•l¥o-. P40 trys¢•• •xpvns•s hv• been Incuryed (frno or Fah•) TRUE Typo of •xp•n••* r•imburdod Thlsyear Luty•ar Tr4vo1 Subslst•nc• Accommodatlon Other Iploase $po¢fy1.' TOTA Ple888 provldo the numb•r of trust••¥ reimbursed forexpenses orwho had •xpon8es paid by the charity 12.3 Tran5#clionl81 rnlated partie8 Please gl¥¢ detalls of•ny tr•n$4¢Uon undert•ken by(¢ron beh•lf ¢4Q th¢ ¢h•rlty lo whl¢h • Y•l•tédporty h•s• malerlal teres¢ Includlng where lunds h•¥ebeenh8ldas agentfortrèl•tedp•rths. If theKe•re nosuch tr8nsa¢don4 pl•8so•nter Yru8'1Th the box pro¥ldOfL Thls y•ar There have been no relatsd partytran8actlon8 In the reportlng perlod ITry• or Fal••l TrUE Amounts Narno ofth•trugts9 or Mlatèd p•rty RelatioralAp to ¢harity Dg8crlpdon of the transactionl$l Amount Balance at perfi)d end Prtivision for ￿dd¢bts at period end durlng reportlng pFrlod Inrel•tlon toth•lransacUons above. ple•seprovideth• ternis and ¢ondlllon$. I￿ludIng anysecurlty andti n•tur• of•nyp•yment(consld•rntlon) toboprovlderfin ottlem¢nL Foranyrolat•dpartyb pleaseprovldgdotollsof*ny p￿r•ntee5 given orrne•fv•d Last year There have been no r•lat•d pwty transa¢tions in tho reportlng perlod: TRUE Amounts wrlit•n off Mamo orth¢ trusts• or r•latod party Relatlonshlp to ¢horlly D•$¢rfption ofthe tran8actlonl$ 8•lanco at porfod ¢nd Provisitin for b•ddebts at pgrlod •nd AM0￿￿1 r•porting rfod In rnlatlon to thg tr*nsa¢tlons above, pleaseprovlde the tsrm$ and condldons. Including •nysecurltyand th¢ n•tur• of anyp8yment(¢onsldetraUon) to b•pmvld8dln For#nyrel•tedparty.pleaseprovlde d¢e*Vs tsf any gu•r&nlees or￿01¥80. Section C Notes to the accounts (conti Molt 13 Addltl*)nal Dlsclosur8s Thofollowlngaro 81gnlficantmattern wthlch are noicovered In othor not•s aThJ nwd io ￿ SnGlud•d to provld• a prop•r unthrntandlng ofth• ac¢oun¢8. Ifthor• Inaufflclont room ￿[9, ￿985￿ athj o 5gpar* $hg9t. o assisi with und¢rstanding th¢ a¢c4)unts, Trnstres w¢$h to that Thomas Franks Limi*d typie4Jly orw1￿$ the pro&Jciion of meals forTh¢ThJmas ranks FO￿0allOn ￿ a subsidised yai¢. Thishelps to ertsure Ihai thnaiion$ th the ¢harity art maximised all food *d hygiene 5tsndariL* ate mei. Independent Examiner's Report to the Trustees of The Thomas Franks Foundation Independente¥aminer'$ reportto thetNstees ofTheThoma$ Franks Foundatlon I report to the charity trustees on my examination of the accounts of The Thomas Franks Foundation (the eharityl for the year ended 31 December 2024. Responslblllty and ba$ls of report As the ch8rity trustees, you are responsib18 foi ihe preparation of the accounts in accordance with the requirements of the Charities Act 2011 IYh8 Act'l. I report in respect of my examin8tlon of the charity's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed 811 applicable direction5 given bythe Ch8rity Commission under Section 1451Sllbl of the Act. Independent examlnor's $tat6m8nt I have complet8d by examination. I confirm thal no mat8rial matters have come to my attention in connection with the examinaiion givlng m8 cause to believe that in any material re8PgCt: 1. Accounting records were not k$pt in respect of the charity as required by Section 130 of the Act. Dr 2. The 8CCOUllts do noi accord with those records. or 3. The accounts do not comply with the applicable requirements concerning ihe form and content of accounts set out in the Charities (Accounts and Reports) Ragulations 2008 other than any requirement that the 8ccount8 give e true end fair view which is not matter considered as part of an independent examination. I have no concerns and have corne across no othef matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding ol the accounts to be reached. Leona Bateman FCCAACA The Institute of Chartered Accountants in England and Wales Elsby & Co 155W811ingborough Road Rushden Northamptonshire NN109TB Date..