Charity registration number: 1185180
**THE THOMAS FRANKS FOUNDATION TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **The Thomas Franks Foundation Contents**
||**Page**|
|---|---|
|Trustees' Report|1—4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Statement of Financial Position|7|
|Notes to the Financial Statements|8—11|
|The following pages do not form part of the statutory accounts:||
|Detailed Statement of Financial Activities|12|
**The Thomas Franks Foundation**
## **Trustees' Report For The Year Ended 31 December 2025**
The trustees present their report and the financial statements for the year ended 31 December 2025.
## **Objectives and Activities**
## **Aims and Objectives**
The formal objectives of The Thomas Franks Foundation ("the Foundation"), as set out in the Governing Document, revised and amended by resolution and approved on 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.’
## **Public Benefit**
The Trustees believe that the most direct way the Foundation could provide support to communities was to 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 complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
## **Future plans**
The Foundation has a strong established base and Trustees are now actively seeking funding opportunities to further develop their key operations.
The Trustees wish to develop the Foundation’s activities building on the strong base that has been established, especially with the street feeding initiatives. To this end the Foundation is in need of further custom catering vehicles and these will be subject to fundraising initiatives, including National Lottery.
The Foundation is open to consider involvement in any robust initiative that contributes to the alleviation of food poverty.
## **Achievements and Performance**
## **Main Achievements**
The Foundation has enjoyed continued growth over the year and now delivers its objectives through a number of key support programmes. These have delivered 4,000,000 meals, the majority through partnership with over 130 charities and utilising the services of volunteers approaching 4,000 in number, some one-off helpers, others with key skills in catering.
The programmes are only made possible by the generosity of partner organisations allowing utilisation of otherwise dormant kitchens as well as providing the necessary and significant volunteer labour. The Foundation has found that 50:50 partnerships with supporting organisations deliver the most effective results. Key partners over the year include; Barings, Dentons, AutoTrader, Unilever, Savona, and City Harvest but this list is by no means exhaustive.
Educational partners include; Thornton College, Eltham College, Claremont School, Oxford High (GDST), Wetherby School (Notting Hill) and North London Collegiate, but again not an exhaustive list.
## **Specific programmes**
**Feeding Communities** - The Foundation believes everyone should have access to food, no questions asked. Feeding Communities uses Thomas Franks Limited's resources and expertise to produce made-up food parcels and freshly prepared meals in response to those in need.
**The Street Feeding Programme** has enjoyed substantial growth and development since its inception in 2024. This involves the regular preparation and distribution of meals to the homeless in major cities, including London, Birmingham and Manchester. A high proportion of these meals, all prepared and delivered by volunteers from supporting charities and organisations, utilise surplus food ingredients that otherwise would have gone to waste.
Significant street feeding events have also been delivered via two key partners; ‘Under One Sky’ (national) and ‘Let’s Feed Brum’ (Birmingham).
The provision and use of a custom designed catering vehicle has greatly assisted the provision of street feeding with the ability to deliver high quality hot meals to those in need.
...CONTINUED
Page 1
## **The Thomas Franks Foundation Trustees' Report (continued) For The Year Ended 31 December 2025**
## **Main Achievements - continued**
**Beyond Education Being Human** - This initiative has one vision: to help provide children and young adults with essential cooking and food based life skills. Delivered through practical workshops by our skilled teams and the surplus food created is donated and delivered to local charities.
**Specific Grants -** The Foundation has made specific grants to organisations engaged in food education and education involving young people. Examples include a number of educational bursaries and The Food and Farming Trust based in Norfolk.
## **Management Developments**
Late in 2024 the Trustees recognised that the management structure was becoming challenged in the light of the growth and proposed developments of the Foundation and accordingly appointed a Chief Executive Officer. The appointment has been a success giving an appropriate level of management and direction to the Foundation. the CEO is also a director of Thomas Franks Ltd. However their, work for the Foundation is carried out voluntarily.
The Foundation receives substantial operational support from Thomas Franks Limited particularly in respect of nutrition advice, Health and Safety matters, training (food hygiene etc) financial and accounting. Over the year the Trustees introduced Xero Accounting to further strengthen its financial management.
The Foundation regularly reports on its activities on ‘LinkedIn’ as well as enjoying exposure from the posts of partner organisations on the same platform.
Work in partnership with Dunfermline Athletic and Somerset County Cricket have further raised the profile of the Foundation.
## **Future**
The Foundation has a strong established base and Trustees are now actively seeking funding opportunities to further develop their key operations.
The Trustees wish to develop the Foundation’s activities building on the strong base that has been established, especially with the street feeding initiatives. To this end the Foundation is in need of further custom catering vehicles and these will be subject to fundraising initiatives, including National Lottery.
The Foundation is open to consider involvement in any robust initiative that contributes to the alleviation of food poverty.
## **Financial Review**
## **Reserves Policy**
The Foundation will aim to retain sufficient capital funds in reserve to permit it to conduct its activities as defined by the Governing Board for a period of two years in the absence of any income over this period. This is because the level of fundraising and donations are subject to factors which are not always in the control of the Foundation. However, the business model is based on a ‘money in - money out’ principles.
At the balance sheet date, the Foundation had free and unrestricted reserves of £62,731 (2024: £72,618). Total outgoings for the year amounted to £192,515 (2024: £113,203). However, £121,915 (2024: £46,941) of outgoings were educational bursaries, which are only made should corresponding income be made available. Remaining costs in the year, excluding depreciation, were £65,008 (2024: 65,084), meaning that the Foundation holds sufficient reserves to cover just under a year of activities in the absence of any further donations being received.
## **Going Concern**
The Foundation aims to only incur expenditure where corresponding income is received, whilst aiming to build up sufficient level of reserves (see reserves policy). In addition to donations and support from partners, the Foundation continues to enjoy ongoing support from Thomas Franks Limited. Therefore, the Trustees are confident that the use of the Going Concern basis in preparing the accounts is appropriate.
## **Principle Risks and Uncertainties**
The principal risk to the Foundation is the lack of funds to be able to continue to achieve the charitable objectives. This is mitigated by the strong, long-standing relationships that the Trustees and volunteers of the Foundation have with their main supporters and the constant work to do more fundraising through both sponsored activities and partnering with businesses whose charitable objectives align with those of the Foundation.
The Trustees do not consider that there are any material uncertainties for the Foundation for the forthcoming year as all partners have committed to supporting the Foundation. Funding has been secured for the grants and bursaries that the Foundation is committed to. In fact, the Trustees are confident of ongoing growth in the Foundation's activities with mirrored increasing support from the Foundation's partners.
Page 2
**The Thomas Franks Foundation Trustees' Report (continued) For The Year Ended 31 December 2025**
## **Structure, Governance and Management**
## **Governing Document**
The Foundation is a Charitable Incorporated Organisation (CIO) and is controlled by its Governing Document. This was amended and approved in June 2021 to reflect the developed activities of the Foundation from its original formation in September 2019.
The contribution of each member is limited to £1 in the event of a dissolution of the CIO.
## **Reference and Administrative Details**
## **Trustees**
E C Bothwell A Leggett T Cooper E Hellings J Gibson
## **Other Personnel**
Rajdeep Singh Dhaliwal - CEO
## **Charity Number**
1185180
## **Principal Address**
The Stables Hook Norton Brewery Brewery Lane Hook Norton Banbury OX15 5NY
## **Independent Examiner**
Leona Bateman ACA Elsby & Company Limited 155 Wellingborough Road Rushden Northamptonshire NN10 9TB
Page 3
## **The Thomas Franks Foundation Trustees' Report (continued) For The Year Ended 31 December 2025**
The trustees' report was approved by the board of trustees and signed on its behalf by:
E C Bothwell Trustee Date
Page 4
## **The Thomas Franks Foundation Independent Examiner's Report to the Trustees of The Thomas Franks Foundation For The Year Ended 31 December 2025**
I report to the trustees on my examination of the accounts of The Thomas Franks Foundation (the Foundation) for the year ended 31 December 2025.
## **Responsibilities and Basis of Report**
As the charity trustees of the Foundation 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 Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed 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 Foundation as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and contents 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.
Leona Bateman ACA
Date 155 Wellingborough Road Rushden Northamptonshire NN10 9TB
Page 5
## **The Thomas Franks Foundation Statement of Financial Activities For The Year Ended 31 December 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
**EXPENDITURE ON:**
Charitable activities:
**4**
Grants
Feeding communities
Educational Bursaries
Other
**NET EXPENDITURE**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**10**|**2025**
**Unrestricted**
**funds**
**£**
182,628|**2024**
**Unrestricted**
**funds**
**£**
112,078|
|---|---|---|
||(12,435)
(48,059)
(121,915)
(10,106)|(11,667)
(45,452)
(46,941)
(9,143)|
||(192,515)|(113,203)|
||(9,887)|(1,125)|
||(9,887)
72,618|(1,125)
73,743|
||62,731|72,618|
The notes on pages 8 to 11 form part of these financial statements.
Page 6
## **The Thomas Franks Foundation Statement of Financial Position As At 31 December 2025**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**8**
**CURRENT ASSETS**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**9**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Unrestricted Funds
**TOTAL FUNDS**
**10**
On behalf of the board
E C Bothwell
Trustee
Date|**2025**
**Unrestricted**
**funds**
**£**
21,189|**2024**
**Total funds**
**£**
22,385|
|---|---|---|
||21,189
46,902|22,385
53,233|
||46,902
(5,360)|53,233
(3,000)|
||41,542|50,233|
||62,731|72,618|
||62,731|72,618|
||62,731|72,618|
||62,731|72,618|
||||
The notes on pages 8 to 11 form part of these financial statements.
Page 7
## **The Thomas Franks Foundation Notes to the Financial Statements For The Year Ended 31 December 2025**
## 1. **General Information**
The Thomas Franks Foundation is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1185180. The principal address is The Stables Hook Norton Brewery Brewery Lane, Hook Norton Banbury, OX15 5NY.
## 2. **Accounting Policies**
## 2.1. **Basis of Preparation of Financial Statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
## 2.2. **Going Concern Disclosure**
The charity aims to only incur expenditure when corresponding income is received, whilst aiming to build up a level of reserves sufficient to cover costs in the event of a drop in income (see reserves policy). In addition to donations and support from partners, the charity continues to enjoy ongoing support from Thomas Franks Limited. Therefore, the Trustees are confident that the use of the Going Concern basis in preparing the accounts is appropriate.
## 2.3. **Incoming Resources**
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
## **Donations and Gifts**
For donations to be recognised the charity will have received the amount, or be made aware of a settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
## **Legacies**
For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.
## 2.4. **Resources Expended**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that
the settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
## **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 use of resources.
## **Grants**
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 Statement of Financial Activities once the recipient of the grant has provided the specified grant or output.
Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the committment, a liability for the full funding obligation must be recognised.
## 2.5. **Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles
20% straight line
Page 8
## **The Thomas Franks Foundation Notes to the Financial Statements (continued) For The Year Ended 31 December 2025**
## 2.6. **Cash and Cash Equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
## 3. **Income from Donations and Legacies**
|.
**Income from Donations and Legacies**|||
|---|---|---|
||**2025**|**2024**|
||**Unrestricted**|**Unrestricted**|
||**funds**|**funds**|
||**£**|**£**|
|Other|182,628|112,078|
4. **Analysis of Expenditure**
|Grants
Feeding communities
Educational Bursaries
Other
Grants
Feeding communities
Educational Bursaries
Other|**Activities**
**undertaken**
**directly**
**£**
12,435
48,059
121,915
405|**Support costs**
(see note 5)
**£**
-
-
-
9,701|**2025**
**Total**
**£**
12,435
48,059
121,915
10,106|
|---|---|---|---|
||182,814|9,701|192,515|
||**Activities**
**undertaken**
**directly**
**£**
11,667
45,452
46,941
5,285|**Support costs**
(see note 5)
**£**
-
-
-
3,858|**2024**
**Total**
**£**
11,667
45,452
46,941
9,143|
||109,345|3,858|113,203|
## 5. **Support Costs**
|General administration
Depreciation
Governance costs|**2025**
**Other**
**£**
3,629
5,592
480|
|---|---|
||9,701|
Page 9
**The Thomas Franks Foundation Notes to the Financial Statements (continued) For The Year Ended 31 December 2025**
|General administration
Depreciation
Governance costs
6.
**Independent Examiner's Remuneration**
Independent examination of the financial statements
7.
**Average Number of Employees**
Average number of employees during the year was: NIL (2024: NIL)
8.
**Tangible Assets**
**Cost**
As at 1 January 2025
Additions
As at 31 December 2025
**Depreciation**
As at 1 January 2025
Provided during the period
As at 31 December 2025
**Net Book Value**
As at 31 December 2025
As at 1 January 2025
9.
**Creditors: Amounts Falling Due Within One Year**
Trade creditors
Other creditors|**2025**
**£**
2,725
**2025**
**£**
3,200
2,160
5,360|**2024**
**Other**
**£**
2,231
1,177
450|
|---|---|---|
|||3,858|
|||**2024**
**£**
1,500|
|||**Motor Vehicles**
**£**
23,562
4,396|
|||27,958|
|||1,177
5,592|
|||6,769|
|||21,189|
|||22,385|
|||**2024**
**£**
-
3,000|
|||3,000|
Page 10
**The Thomas Franks Foundation Notes to the Financial Statements (continued) For The Year Ended 31 December 2025**
## 10. **Movement in Funds**
|**Unrestricted funds**
General:
General unrestricted fund
**Total funds**
**Unrestricted funds**
General:
General unrestricted fund
**Total funds**|**As at 1**
**January 2025**
**£**
72,618|**Income**
**£**
182,628|**Expenditure**
**£**
(192,515)|**As at 31**
**December**
**2025**
**£**
62,731|
|---|---|---|---|---|
||72,618|182,628|(192,515)|62,731|
||**As at 1**
**January 2024**
**£**
73,743|**Income**
**£**
112,078|**Expenditure**
**£**
(113,203)|**As at 31**
**December**
**2024**
**£**
72,618|
||73,743|112,078|(113,203)|72,618|
## 11. **Transactions with Trustees**
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
## 12. **Related Party Disclosures**
Thomas Franks Limited is a related party of The Thomas Franks Foundation, by virtue of having a Trustee/ Director in common.
To assist with understanding the accounts, the Trustees wish to note that Thomas Franks Limited on occasion organises the production of meals for The Thomas Franks Foundation at a subsidised rate. This helps to ensure that donations to the Foundation are maximised and all food and hygiene standards are met.
During the year, the Foundation also received donations of £91,923 (2024: £46,951) in respect of educational bursaries.
Page 11
## **The Thomas Franks Foundation Detailed Statement of Financial Activities For The Year Ended 31 December 2025**
|**INCOME AND ENDOWMENTS FROM:**
**Donations and legacies**
Income from donations and legacies
**EXPENDITURE ON:**
**Charitable Activities:**
**Grants**
Purchases
**Feeding communities**
Purchases
**Educational Bursaries**
Purchases
**Other**
Purchases
Computer and IT consumables
Insurance
Independent examiner's fees
Depreciation
Legal fees
**NET EXPENDITURE**|**2025**
**Total**
**funds**
**£**
182,628|**2024**
**Total**
**funds**
**£**
112,078|
|---|---|---|
||182,628|112,078|
||182,628
(12,435)|112,078
(11,667)|
||(12,435)
(48,059)|(11,667)
(45,452)|
||(48,059)
(121,915)|(45,452)
(46,941)|
||(121,915)
(405)
(457)
(447)
(2,725)
(5,592)
(480)|(46,941)
(5,285)
(216)
(515)
(1,500)
(1,177)
(450)|
||(10,106)|(9,143)|
||(192,515)|(113,203)|
||(9,887)|(1,125)|
Page 12