Reglstered number.. 01362091
Charlty number.. 276066
Friends of Benjamin Franklin House
(A company Ilmlted by guarantee)
Unaudlted
Trustees, report and financial statements
for the year gnded 31 March 2024

Frlend5 of Benlamlrl Franklln House
IA company limlted by guarante¢}
Cont8nt$
Pagg
Rofeience 8nd atlmlnlstratlve detslls of the ¢harlty, Its Tru$t88s and advlBer5
Trnsteos. report
Indepenilent examlnerfs report
statement of finan¢Sal actlvltlB8
10
Balanc• sheot
Not95 to th8 tinanGial gtatem•nts
12-25

Frlond$ ol 8&nlamln Franklln Hou5P
IA company limlted by guarantsel
Referen￿ and admlnlstrativ• deta118 of tho charlty, Its Trustees and advis•ts
for th& year ended 31 March 2024
Tru$teas
Mr John St￿Y11n$kl, Chairman
Ms EIiz8b6lh Tirona, Secretary
Mr Tudor Aw, Treasur8r
Lama Kan8zeh lappoint8d 14 FeLiru8ry20241
Ms AnllE P Keigher
Mr Rory Sutherland
Mf Michael Sheldrl¢k18ppolntÈd 14 February 20241
Mr Davld A MotsE
AEnbassadDr G8rard Errera
Ms Irina Bokova
Mr Gay Evan5
Company r8gi5tered number
01262091
Charity iegl8lerod number
278066
Reglstered office
36 Craven Street
London
WC2N 5NF
Company Becratary
Ellzabeth Rose Tlyone
Independent Exarnlnor
L(Écy Hatnrnond
Chartered Accountants
Kreslon Re8vEs LLP
2nd FIoDr
168 shar￿11¢h High Street
London
EI 6RA
Bankers
Coults & Co
440 The Strand
London
WC2R oas
Page 1

Frlends of Banlamln Franklln Hou50
IA Company Ilmlied by guaranto01
Trusttes. report
for thè year 8nd8d 31 M?reh 2024
Tha Trustees present thelr annual report togetherwilh the finan￿al statem8nts of the charity for the period of 1
April 2023 to 31 March 2024. The Annual repDrt 5erv85 the purpose5 of both a Tru$le88' ieport and a directors,
report under Gompany law. The Truslees confirm Ihal the Annual report and finan¢lal $18teThenls of the
oharflablo company complywith the currenl statutory requirements. the requirements of the charllable company's
governing document 8nd the provisions of lh8 Stalem8nl ol Recomm8nded PractiGg ISORPI applicab18 to
chariti$s pr8paring their account8 in a￿Orda[￿ wlth tho Finandal R8POrtino Standard applicabl&.In Ihe UK and
Republic of Ireland IFRS1021 (effective 1 January 20191.
Slnc8 the charity quaSifie8 as stnall und8r secllon 382 of the Companies Act 2006, the Strategic report requir8d
of medium and large companie5 und8r th8 Compantas Ad 2006 Istratsglc Report and Directors, R8POrtI
Rggulations 2013 has been ornitted.
ObleGtlves and actlvltles
a. PolSclès and obJeGtIv8s
In sElllng objectives and planning for acfjvities, the Trustees hav& given due (x)ns1derat￿n lo gengral guidance
pu￿b$hed by th8 Charity CommisS￿n relating to publ1¢ b8nefit.
The obled of the Foundation Is to adva#ce education for the publ1¢ benefit by..
prtsvlding a dynamic rnusgum which makes real the life 1Smes of Bonjamin Frankfin at 36 Craven
Street.. and for that purpose to own, improv8, preserye and malntaln Bsnjamln Franklln House, th8 sole
remain1￿ resldence of Benjamin Franklln all￿ere in the world-
8Stabllshing a Slud8nl Solence Centre for young peop18 thal emphasises th8 scientifi¢ method and
encourao@s Benjamin Franklin's spirit ol Ènquiry using experlmenls and oth8r tnèans to spur interest in
scienGe and Franklin re18£ed subjects, bringlng Ghlldrgn togethÈr to foster cro88 culbjral underslanding
and dialogue 8nd 8ritish Atnerlcan relation8,' and
lill Instituting a Scholarship Centre for seholors, adult learner8, and others. as a focal polnt in Europe for
Bénjarnln Franklin and Frsnklln related research. offering scholarship5 solply. or in conlunclion w￿h other
IndNidu&15 and inslilulions. at the dl8crelion of lh& Board of Trusletrs.
b. Strategl$s for achleving objectlv8S
The first phase of work. completed on lirna and wlthin budget in 1999. Ènsured the slructurEI SUTViV81 ol th8
1730$ Grade I listèd, Georgian lerracÈ building, the workl's only survivlng home where Benjamin Franklin lived
and wtrrk8d. The Heritago Lottery Fund, English Heritage. th& G8tty Foundation and the Willlam Ha￿￿￿tt TwsL
amoTrg olh8rs, provided core funding.
W8 then focused on partial consorval¥)n ol th8 ground and flrsl floor along wth des1gns forthe HiS￿Cal
Exp8ri8nce, Student Science C8ntre, and Scholarship Cenlre. Thi$ 8S5ential work was made posslble with
support fmm indlviduals 8nd foundatlot55, Induding the Equitable Charllable Trl￿st, the Welcorne Trust, the
W88ton Foundation. and the Wollson Foundation.
Fln81 works encornpassed the rom8ining InierioT Conservation and Ihe Fn5t#llatson ol m8ch8nic81, el8¢lric81 and
mu111m8dla services required to present Benlamin FTanklin House to the publlc- mad& posslble in larg8 part due
lo a sccond grant from th8 Natkonal Lottery Hèri18ge Fund (then H$ri18ge Lottery Fundl- thu5 reallsing the
obJ8¢tives of th8 charify.
We m81 our goa1 to open the House on the 300th anniversary of Franklin's bSrth, 17 January 2006. Then Foielgn
SeGrétary ol th8 United Kingdom and Ambas$8dor ol the Uni18d Sla18s presided over the ceretnony al Craven
st￿&t.
Page 2

Frfend5 of Benlamln Franklln Hous
IA Gompany limlted by gu8rantfjeJ
Trustees. r8port (Gontlnuedl
forthe year end8d 31 March 2024
Objectlves and activltles l¢ontlnuedl
The House now advance5 understanding of Franklin's a¢hi8v8ments and valu8S through..
A Histoilcal EX￿rIenCe that pt88ents the 8xclternent and un￿rtaInty of Franklln's London years ustng the
rooms whère so Tnuch took place as staging lor a drama which seamlessly Integrates live performance.
cutting edge lightirw, sound and PfOiPGllon t8chndogy.11 st&nds alone among London atlra¢tlons in its
'museum as theatre, appmach and has ¢reat&d a new stsndard hlstoric81 interprotayon.
The Student Sclence Centre focus88 on Fmnk51n's London Scign￿-f￿M lighlnlng rods to
hydrodynamics, allowing schoo1 childr8n lo salisfytheir hlstoric81 and s¢ienlific curlosily, free of Gharge.
Oulrgach. Includlng B&n's Travglling Suil¢8se, brings our educab'onal activities into schoo18 and the
communily.
The Rob8rt H. Smith Seholarshlp Centre serves as a hub for Fran￿1n related study In Europe. featuring
full Set of the Papers of Benjamln Franklln ealalogu8d by Yale Unniersity, an active voluntsgr programme
ror unNerslly Students from the US, UK. and farther afLeEd, ov&r 40 publ1¢ ev8nt8 per year ranging from
lectu￿$, exhibitions, and f8mily days.
Achiovements and parformance
. Maln a¢hlevgments vf th? ¢hèrlty
Key ovents4n the year
Visltors to B8njamln FranklStE Hollse contlnlte to18ave poslllve comment$ about the House across varlous
channels. Indicative in¢lud8s.. 'Il was th8 rtKisI iTh18resting, instrudive, and enjoyable tour we have ever tak8n;"
'Our entgrtaining, p3ssionat8, and informed gvlde.
.rn8de Benlarnin Franklln comp to lifè. W8 shall gladly recall
our vI51t to Bgnjamln Franklin House for & very long time.,
More than 7,000 vi51to¥s ram8 to Bettlamin Frankfin Hous8 durlno th8 perk)d. parbcipaung in th8 Hi5tod¢al
Experience, archilectural tours, leci￿re￿, family days and school vlsits. We deploy SOCAal media maikeling and
collaborate wlth organisallons such as Hlstorlc Houses, London Pass, and the Art Fund tD grow vi8ltor numbers.
Tha Hou5e'.£ Èducational offerings are free of eharqe to ensure cost 18 not a barrler to entry, pa￿UladY valuab18
durlng a period when the U5( experienced hlgh inflallon. Th8 House was closed to lh8 pub15c on Tuesday5 and
open exdu5ivèly lo schools. W$ welcomed mor8 than 1300 school chikdren, • malorily frotn Inn8r-ciLy schools,
whprÈ they discov8r6d thE itnportance ol Benjamin Franklin to contemporary so¢Aety. Through oulr8ath
activilles in the classroom and the communlty, we re8Ghed an additlonal 1690 children in the year.
Sp8ciai educational aciivities includsd our annual debate Contest for secondary school students, Frankly
Sp8aklng. h051ed by th8 US Embassy Londoti, wlth support from the Daugh18rs Of the Americ&n Revolution. 12
schoo15 Irom across London look port., winner of th8 junior category, Ptincelta Rachel from The Grey Coat
Hospital School joined the Rt HDn. Baron8ss Anelay of Sl John$ DBE for Hn exciting tour ol the Houses of
Parliament,. winner ol the senior category. Giuliana Tritio, took part in the US State D8partrn8nt's Benjamin
Franklin TransatlantiG Fellows Summer Instrtut8 8t Purdue Univ8rslly and engag8d with students from across
Europe and the US on the tspportunllles and challenges faclng dvll SO￿ety.
In May, we cÈlÈbrated wlnneTr Df our annual Lilerary Priz8 lor young wiitEts (aged 18 to 25 yearsl who
Interpreted the Franklin quote, 'The Eyes of othei People are the Eyes Ih&t ruin us. If 811 but myself were bllnd. I
should want n&lther fine Clothes, flne Hw88s nor Fln8 FurnItur￿." Their essays were featured on Thè Tglegiaph
onl1￿.
We hgld Science on Stagè al the Royal Instilulion in June welcoming 424 slutsenls and teachers for exdling
day o18cience gxp8rimenls and demonstrations. And more than 400 children and parents took part in family
events througb th8 Period en¢ompa5sing c818bratlons for US Independ8nce t)ay, Halloween. Thanks9iving. and
ch￿Stmas. In tolal, over 400 ¢hildren and par8nt8 partl¢ipaled in family programming.
Page 3

Friond5 of Benlamln Franklln House
IA Company Ilmlted by gua¥anteel
Trustees. report {¢ontlnuedl
for the year ended 31 March 2024
Achiovemgnts and parfoTrnance Icontlnu8dl
Lec￿￿9 durlng thg period indudÈd:
Re¢¥eating Franktln- fgatudng our PIBywrlght-in-Resldence. MSchael Lond(￿, Royal Shakespeare
actor, Keith Bartlotl,. a Q&A following Explored the Challenge of depicbng this ¢omplicaled father-50n
relationshlp
A Day In th8 Llfe tsl Benjamin Fr8nklin- Houso Educatlon Manager, H8nry Wllklnson, dellver8d 8 f¥e&
online talk chroniGlSng B8njamln Franklin's dally life at Ciavén Street, from his mtsrn1ng routine to his
dinn8r plans
The Radi￿1 Polter-Trislram Hunt, Direclor of th8 V&A, took us on 8 journey exg4Drtng the r￿lIcal side of
Jo3iah Wedgewood
Robert H Smllh D8mocfftcy L2cture, Three lies that bind?_ House Governor, Ambassador Gérard Errera.
former Frènch Ambassador lo Ihe UK, Pmf8ssor Mich881 Cox. Founder of LSE Ideas and Dr Marcia
B31isciano, Dlre¢lor of the Hou86. engag8d in a dlscussion of the current relationship between Ihe US, UK
and Franc8,' the panel consldared the lriummrdte relationshlp In Ihe context ol complex global affairs
W8 participated onc& agaln in Open Hou58 FestÈval in Septemb&r ngarly 1.5(K> visitors io th& House over
W80kends. introdudng th8 bulldlng and its Il¢h history to new audlence8.
The House fgalur8d on the free Bloomberg Conngcts app whSch brings thè b8St of ¢ullur8 and herll8ge to a
global audlence. W8 also collaborated with contenl ¢realois, Including @livlnglondonhislory. an account wlth
over half 8 millh)n followers that ereated a short fomi video about th8 House and Ils hlstory.
Durfng th8 p&riod, we 8xpandad our pool of volunteers who help th8 House run smoothly and bring
eT5thuslasm, cotnmltm8nt and a dlverse mnge of skills, 8nsuilng $gamle55 dellvery of tours, lalk8 and events.
b. The Y•arAhead
Fundr8isiDg is Vitdl to the House's confjnu8d SUG¢ess. We seek lundlng ftDm high-net.worth indlvlduals and
philanthropic foundations for which we are eligible on Ix>th sides of the Allanlic. To increase eainpd incorne, w8
8dvertI5e the House 88 8 5elllno for prlvat& 8vents and pholo shoots.
We are extrernely grateful lo our lund8rs Induding ￿1￿Mb8r9 Philanthroples lor its Sustalnod support of thg
House and the Garfidd W8Ston Founttation lor h8lplng us progress our eduGatlonal offerings.
In Spring 2024, we received a malor grantlrom th8 NatSonal Lottery Heritage fund to help us undertake needed
buildin9 conservation and to plan luiure offering8 in anllclpation of 2028.. the Hou8e'8 20th year, Frdnklin's 320th
blrthday, and the 250th anniversary of the UnEted States,
US Amba85&dor Jane H3rt1ey held a reception at h8r resldence celebrating Benlamln Frartklln House Tn October
2024 which draw some 175 guests. We also held a US Presidential DÉbat8 Wlth the Eccles Inslitule at the
BTltSsh Librsry and an autumn 8erie5 of Ben's BcK)k Club featurlng authors Eric Welner, Ben and Me.. Evan Friss.
Benlamln Franklln and the Advent of the Amerlc&n Book8tDre', and Jason Ch8rry. Dr. Franklin and Major Trent., A
Gra￿d Company ol Gelltlemen in Pre41evolutionary London.
In the p8rlod ahead, we will ¢onlSnue to exp8nd our digilal offerings to indyd9 new virtual exhlbltlon8 on
Bloomberg Connects and hybiid IK>ok talks for onllne and in-peL8on attende8s. Throuoh continued outreach io
key groups. such ds tour operators, guklebooks, Ihealres, US glumni groups, p88r museums. ar￿ the medla, w8
will aitn to increase visitor llumb8rs.
We conllnu8 to recglV8 genorous pro bono legal asslstance from Morri50n and Foerster.
Pag8 4

Fri•nd$ of BenJBmln Franklln House
IA cornpany Ilmited by guarantoèj
Trust88s' report Icontinuedl
for the yèar ended 31 Mar¢h 2024
Flnan¢lal rgvl
a. Golng concern
After making appropri81e enqulrles, the Twstees havp a r8asonabl& expeclatlon that the ¢harlty h85 adequate
resources to conllnu8 in operation81 existence for the fores88able futur8. For Ihls r8ason, they continue to adopt
the golng Con￿[￿ basis in weparirvJ the financial slatemeat.
b. Re50rves pollcy
The Tru8tees have T8Vi8wed the r&setve5 of th8 charlty. The 18vlew gncompassed th8 nature of the Income and
expenditure streams, the TreÈd to match variab18 income with fixed commitments. and the natur8 of the reserv88.
The16v81 of reserved decreased lo 1,380.208 on 31 MArch 2024 from £1,475,766 on 31 March 2023. This w8S
8plit beNveen £626,09312023'. £714,914) of restricted resèrv8s, £754,11512023.' £760,852) unr&stricted
r88erves. The Ttustees considered the financlal requiietnent for the working capltal r&quirem8nts of the charity
and ongolng mainienanc8. The Truste85 have concluded that to allow th8 charity to b8 mallaged efficiently, fr88
reserves should be main18ined. idealty 81 three mofiths ol the projected Èxp8ndilure. M8tLagement and T¥uste&s
monltor actual and prole¢ted cash flows on a regular b851s.
¢. Change5 In Ilxed a$$ets
Durlng tho the charty had £1.075 in flxed asset Bddilions12023.. £1,973). Th8 rnovements in r￿ed assets
during the year are set out in Noto 13 to the flnancial 5tstém8nl8.
d. Resource$ Expendèd
The Board develop8d 8 pwdent operational budget and cash flow forecas15. whlch have bggn dosely
monitored by management and the Trustee5.
The pTrtnÈry outgolng expense is wages. wlth total pa￿017 costs belng £193.18512023.. £187,032). Repalr cos18
accounted for £10,83112023.. £15,636).
In￿me ggner8tion
Thè charills total Inwme In tha y8ar was £268.17512022.. £274,1691 re￿￿tIng contlnued efforts to ensura a
secu￿ financlal posltion for the House. ThB Dlrector maln18ins a tlght budgEt and avoid5 all non essentlal
8xpendltur8.
Fundra15ing efforts In thg year havÈ focused on enhancing our circl¢ of donors, Indgding ind￿dUal$ and trusts
and foundalions, committ8d to the Hous8,8 edu¢8lion81 and cultur81 a¢tivitles.
f. Credltors falllng due after mora than one year
F￿lOW1ftg repayment of 8 loan from Ihe Archlt8c(ural Herltage Fund in March 2007, the charliy continues to bp
rr88 from d8bt.
g. Post balanc8 sh￿t evenl5
There ar8 no post b8lanc& sheet events requird for dlsclosure.
Pag8 5

Frl8nds L>f Bènlamin Franklln House
IA compafty Ilmlt8d by guarante81
Trusteè8' report l¢ontlrtuedl
forthe ygar endèd 31 March 2024
Structure, govèrnance and managemeEEt
a. Constitutlon
The charlty is a ¢ompanylirnTted by guarantee 8nd was iThcorporaled on 10 April 1978. It Is governed by an
updated memorandum and art￿leS of association, whiGh were adopled by speclal resolution on g July 2003 to
bring them into line wlth mode¥n GDmpany law and praGtices.
b. M¢thod$ of appointment or elecllon of Trustees
Trustees are appolnted using the proc8dure for norntnallons delermin8d frorn tlme to tlme by th8 Board. The
TTU8t8es mel 8 rninlmum of Ihr&g timps durlng th8 pèriod.
. Pollcles adopted for the Indudlon and tralnlng of Trust8&s
On jolnlno the Board, Trustetss ar8 given a CDPY ofthe Memorandurn and Artlcles of Association sloTrg wfth
document entitled Agreement and Consent ts) Metnbership of Benjamln Franklin House, whl¢h requlips
Signalurt.
d. Rlsk fflanagement
The Trus1885 have 8xamined th8 rnajor strat8gic, buslness and operational rf$k8 that the challty fac88 and
confiftn th8t systems and reportlng pro¢edur88 are in plac8 to en8ur8 appioprlate managem8nt of thes8 risk5.
The Truste85 have consid8red tha need lor a specific int8rn81 functlon and hav8 deudgd that it Is not
n8cessary at th8 p￿se￿ltIMe glven tho slze ol the organisatvjn.
Pag& 6

Frlend5 of Benlamln Franklln House
IA company Ilmltèd by guarant881
Trustees. report Icontlnueill
for tho year endfjd 31 March 2024
statement of Trustees. responslbllltl•s
The Tr￿ste85 (who are also the dlrectors ol the charlty for the purposes of comp8ny lawl 8re respDnsible for
preparing th& Trustees, rÈport and the flnancial $¢atem8nts in accordance with appllcable law and Unit￿É
Klngdom ArKouThllng Standards Iunitsd Kingdom Generally Accepted Actountlng Pr8Cli￿1.
C0tnp8￿Y law reouir88 the Truste85 to prapare finandal statements.Eor each financlal . Undercompany L3W, the
Trustees mu51 not approve the flnanGltil sta18m8nls unle55 they ar8 Satisfled that they give a true and falr view of
the Stale of aflaits tsf th& charity and ol ils incoming resources and application of tesourtt8s. induding its incom
8nd 8xpendilure, lor Ihal period. In preparing Ih8se flnancial slalements, th8 Trustees a￿ raqulred (o..
S818cI suitable ac¢ounllng policie5 and then appty them consistently..
ob8etve the methods and prindples of the Charitios SORP IFRS 1021.,
make ludgment5 and accounting eslimates that are r8asDnable and prud8Dt.,
slate whether appllcabl& UK Accountlng St8ndard8 IFRS 1021 h8V8 been followed, sublecl ta any malerlal
departures disdosed and explalneil in the financial statements.,
prepare the finandal statements on the golng concern basis unles5 It Is Insppropr￿Ie to presume Ihat th8
charitywill conunue in busin85S.
The Trustees arè r&sponslble for keeplng adequate &c¢ounllng rgCOTd8 thal are suffldent lo show and explaln
the charivs tiansaclions and dlsdoss with r88sonable aGruracy at any tlme tha financlal position of the charity
and 8n8ble them to ensure that thè financial sl818ment5 Cotnply wlth the Companl&s Act 2006. They are also
responsible for sal8guarding the a5sEts of the tharily and hencs for laklng rea50nabl8 stsps for the pievenQon
and detection of fraud and oiher Iwulaillles.
Approved by order of Ihe Enetn
rs of th8 board of Trustees and slgned thelr behalf by..
Mr Tudor Aw
Truste8
Dale..
Page 7

Frlends of Benlamln Franklln House
IA company Ilmltsd by guarantèe)
IndÉpendenl gxatnlrteT'S report
for the year endad 31 March 2024
Ind•pend8nt oxamlne¢$ report to th8 Trust￿5 01 Frlends of 88nJamln Franklin House I'the
charity'l
I report to the charityTrustees on my ex8minat¥on of the accounts of Ihe charky for the year ￿$d 31 IAarch
2024.
R8sponsibllltlg$ and bas1$ of report
A$ the Trusle85 of th8 charlty land Its dirgctor5 for the pU￿OSe5 of company lawl you ara re5pansible for the
preparation of thè a¢counls In accordancg Imth th8 r8qulr&m8nts of Ihe Companies A¢t 20061'lhe 200f Acl'l.
Having satlsfied myself thallhe a¢counts ol the charlty are not required to be audlted under Part 16 of the 2008
Act and ar8 eliglb18 for indep&ndenl 6xatninalion, I report IH resp8Ct of my 8xamin8tion of Ihe charllrfs 8ccounls
carried out under section 145 of the Charities Act 2011 Vh8 2011 Acl'l. In c2irylng out tny examination I have
followed th8 Directions given by the Charity Commi5slon undei Section 14515llbl ol the 2011 Act.
Pag8 8

Frionds of Bènlamln Franklln House
IA company Ilmlted by gvarantoe)
Independent exarnlner'$ report Icontlnuedl
for tho year ended 31 March 2Q24
Ind8pend•nt examlnarfs statement
Sin¢e Ihe charitls gross Sn(x)rn8 8xceeded £250.000 your Èxamln8r must bg a rnembBr of a body listed In
5ectiDn 145 of th8 2011 Act. I confirm that 5 am qualified to undertak8 th8 exarninalion because l am a member
of Instilute for Chartored Ac¢ounl8nls In England and Wales, whi¢h is one of the Il$ted bodles.
Slnce th8 charivs gross i￿rne exceeded £250,o¢x) your examiner tnusl be 8 member ol a bodylisted in
section 145 of the 2011 Act. I confirffl thal l am qu81ifled to undertake the examination because l am a member
of IGAEW, which 15 one of the listed bodi£&.
I have ¢omp18t8d My exatninalion. I confirm that no matte[5 have ¢om8 to my att8nlion in conn&clion wllh the
examination giving rne Gause to b&li8V8'.
8ccountiNJ record8 were not kepl In respoct of the eh8rlty as requlred by 56CtEon 386 of the 2006 Acl., or
the a0￿UnIS do not accord with those records., OT
the a￿Unts do not cotnply with Ih8 ￿COUntIng requiretnenls of 3ection 396 01 the 2008 Act olh8r Ihan
any iequlrem9nt that the accounts give a'true and falr, view whlch is not & matter considered 0$ part of
n independent 8X8mination.' or
the accounts have not been prepared in accordano wlth th8 mothods and principles of th8 Statement of
Recommended Pracli¢e for accounting and reporting by charities appllcable to charities preparing Ihelr
awounts In accord8n¢e with the Finan¢bl Reportlng Standard applicable In the UK and Republic of
Ireland IFRS 1021.
I have no COn￿r￿S and hav8 comè ocros$ no other Fnatters in ¢onneellon ￿th the 8xan￿natIon lo which
at(entlon Should be drawn In this rep)rt In order to enable a prop8r understanding of the ac£ount8 to be r6a£h8d.
This r8POrt Is made solely to thÈ thariV8 Truste88, as a body. In accordance wlth Part 4 of the Charities
(Accounts and Report81 Regulations 2008. My wort has b8en und8rtak8n so that I might stale lo thg ch8riWs
Trustee5 those mattefs l am ￿quir0d to state to them in an Indep¥rid&nl 8xamineVs r8POrt and for no other
purp088. To the fullest 8xlent pemiitt8d by law. I do not accept or assum& responsibility lo anyone o1118r than the
hgrlly and the charÈty's Trustees as a body, for tny work or for this report.
18 December 2024
Signed..
Lucy Hamtnond BSC FCA
Chartered Accounlanls
Kreston Réeves LLP
2nd Floar
168 Shfftdilch High Stre&l
London
E16RA
Dat8d'.
Page 9

Frlends of Benlamln Franklln Hous0
IA company Ilmited by guarante•)
statornent of flnanelal o¢tlvltles Ilncorporatlng income and expendlture account)
for the ye3r Énded 31 March 2024
Restrictgd UnTa8trictBd
funds
f4End$
2024
2024
Total
fund&
2024
Total
funds
2022
Note
In¢ome from:
Donations and ￿98￿e5
Chaiilab18 actwitles
Other trading acliwtie5
Investm8nls
22,750
191,021
49,990
4,265
213,771
49.990
4,265
149
230,013
38.299
5,685
172
Total Inctsme
22,7S0
24S,425
268,175
274.169
Exppnditura on..
Raising fvnds
Chariiabie actlyltles
2.787
249,375
2,787
360,946
5.004
239,610
111,571
Total exp•ndlture
111.571
252.162
363.733
344,614
Net mov8ment In fund5
188,8211
16.73n
195,5581
170,4451
Re¢oncllSatlon of funds..
Total funds broughl forward
N81 rnOVe￿nt in funds
714.914
188.8211
760.852
16,7371
1,475.766
195,5S61
1,546,211
170,4451
Total funds carrled forward
626,093
754,115
1,380,208
1,475,766
The Stat8m8nt of finandal aotivllies inc5ud&s all gain5 and Ioss85 recwnls8d in Ihe year,
The notss on pag£s 12 to 25 form part of these financlal slal8m8nts.
Paga 10

Frl#nds of Benlamln Franklln Hous•
IA company Ilmited by guaranla81
Reglsterèd numbw.. P1362091
Balance shèet
as at 31 March 2024
2024
2023
Note
Flxed a$s8ts
Tangibla assets
Current agsets
13
1,374,797
1,439,355
Debt
C8sh at bank and In hand
14
2,578
18.S21
4.968
46,137
21,099
51,10S
Crgdilors.. amounts falllng due within one
15
115,6881
114.6941
Nat current assets
5,411
38,411
Total Dat a$s8t8
1.380,208
1,475,766
Charity funds
Restrfct8d funds
UnreslrlGled funds
16
16
626,093
754,115
714,914
780.852
Total funds
1,380,208
1,475,766
Th8 charllywas enlitled to exemptlon from audit und8r S8Gllon 477 of the Companles Act 2(X)6.
Th8 mernbers have not requiEd the company to obtain an aud1t forth8 year in question In accordance with
5edlon 476 of Cotnpanle5 Act 20D6.
The Trustees a¢knowledg8 thelr responsibllltl98 for CDmplwllg with the requlrèrnonis of the A¢t wth respect to
accounting rewrds and pr8P8ratbn of financlal stalem$nts.
The flnancial stalern8nls have b8en prepared in accordance with the provlsions applitab18 to entities Subject to
the srnall ¢ompan&8s regime.
The ￿Tran￿al statements were approved and gulhorlsed for issue by the Trustees on
and sigfted on thelr behalf by..
Mr TudorAw
Tru5te8
The not¢s on page$ 12 to 25 form part af these financlal stat8tnents.
P8gè11

Frl•nd8 of B¢nJarnln Franklln House
IA company Ilmlled by guarantegl
Not85 to the financlal statements
forth8 year ènded 31 March 2024
G8A&ral informotlon
Friends of B8nl&min Franklln House I'lhe charlWI 18 a private cornpany Ilmiled by gu8rante8. In the event
of the company b?Ing wound up, the Ilability in rEspe¢l of the gu8rant6e Is limited to £1 p8r m8¥nber of th8
company. 11 was incorporated sn England with the r8gi8tratlon nutnber Q1362091. The addr885 01 th8
ragi8t8rèd office 15 B2njamln FraTh￿l￿ Housg, 36 Graven Street, London, WC2N 5NF.
Accountlng poll¢18S
2.1 Bas1$ of prpparation of financial statem•nts
The financial stalefflents have bè8n pr8pared in accoidanc8 wlth the Chaillles SORP IFRS 1021-
A¢¢oufitlng and R8pDrtiTrg by Ch&rlties'. Statement of R$comtn8nded PractiGÈ applicable to ch3ri118S
preparing their a￿ount$ In 8ccordance with the Financlal Reporting Standard applicable in the UK
and Republic ol Ireland IFRS 1021 lelFectlve 1 January 20191, the Fin8nc1al Reportlng Standard
applicable in th& UK and Republic of Irdand IFRS 1021 and the Compan188 Act 2006.
Friends ol B8njamln Frankllv HousB meets the definition of a publlc beneflt eTrllty under FRS 102.
A8sels and liabilitles are Inilialty r8cogni8ed at historical cos( or tran5a¢tion value unles5 olh6rwi5e
stat8d in the relevant a¢countlng policy.
2.2 Going concern
The Trustees 8ss8$s wh81her the use ol going concern 15 appropriatè 1.0. whether Ih8Te ar8 any
Fnalerlal un¢ertalntle5 rdat8d lo e￿ntS or condlllons Ihat May easl signlficanl doubt on the abillty of
th¢ Charily lo continup as a going concern. The Trusle88 mak8 this ass8ssmenl in respect of
period of at least one year from the date ol aulhorlsalion for issue of th? flnanual slal8mETrts and
have conduded Ihat the Charity has adeqtsale r8sourctrs Io CDntlnU8 in opgration81 ex1sten￿ for the
foreseoable future and ther& are material uncertaintles about the Charills abilily lo tontinue as
going coneern, thus they continue lo adopt th? going concern basis of ac¢ounling in preparing th8
nanrial sla18ment8.
2.3 Income
I Income Is T8cognls8d once the ch3rity has èntillgment lo Ihe income, il is probaII8 that Ihe income
will be ieselv8d and the aTnount of Ineomè receivable can be measured rellably.
Grant8 are indudBd In the St8t8m8nt of financial activities on 8 recelvabie basss. Th8 bolance ol
Insom8 reG8kved for specific purposes bul not expend8d duilng Ihe perlod is Shown In the relovant
funds on the Balancg sh881. Where income is received in advance ol entitlement of reGelpl, its
re¢ognitlon is d8ferred and in¢lud8d in Greditors as d8ferred Income. Where entillament occur8
before Éncome is receiv8d, the income is a¢cru8d.
Where th8 donated giiod is a fixÈd asset. Il is measured at fair value, un18ss 51 Is Impracll¢al lo
measura this rellably, in which eas8 Ihe cost ol the ilem lo the donor should b8 used. The galn is
cognised a8 incorne from dona￿OnS a corresponding atnount IS fn¢luded In the appropriat8
fixed a8Set class and depreciated ovor thg us8ful economic life in accordance wllh thg charily's
accounting policles.
On receipl, donated professional $8rvice5 and fa￿1￿16$ are recognised on thè ba51s of the valu& of
the gift lo the Gharity whicli is the amount It would havg been willing to pay to oblain services or
facilities of equiva18nt economic benefit on the open market,. a corresponding amount Is then
r8cognlsed ill eX￿ndItUre In the p61bd of re￿ipl.
Incorne lax r8covèrable in r81allun to inv85tment incotne Is recognised at thg time the Inv8Stment
incomè is rec8ivabl8.
Page 12

Frlgnd8 of Benlarnin Franklln House
IA Company Ilmlted by guarantse)
Not85 to the Ilnanclal statemÈnt$
for the year ended 31 March 2024
countlng polieles l¢ontlnuedl
2A Expenditure
Expendlture Is r8cognlsed oncg th8r81s a legal or construct￿e obllg8tion io Iran5fer aconomlc benefil
ta a third party, it 18 probable that a tiansfer ol economic benefits will be required in sett18ment aftd
tha amount of the obli9alion Gan bg measU￿d reliably. Exp8ndilure is classlled by a¢livity. The Costs
ol each activlty are made up of the lolal of dir8Ct costs and shared cos15. Induding Support cost
involved in undertaking each actlvity. Direct costs attributable to a slng16 activlly are allocat￿ dlrecuy
to that activity. ShaT8d costs whith cnntribule to more than one aGtivity and support Gosts whlch ar8
not attrlbut8ble lo a single actwity alp ap￿rtIoned between Ihose activit185 on a basis consistent with
Ihe u5È of Tesour¢68. Central staff Costs ale allocated on th8 b89is of time spent, and depr8ciatlon
charges alli)cated on the PDrtion of the a88el's use.
Expendllure on iaislng funds includes all expendltur8 incurred by the charity to ralse fund$ for Its
¢harltable purpos&s and inGludes costs of all fundraisSng actlvllles ewents and non-charitable trBding.
Expanditure on GharRab18 activllles is In¢urr8d on dlreclly undertaking the aclivities which furth8r th8
harltys objectfves, as w811 as ary assodated s￿Pport C08ts.
AII 8xp8ndlture 18 Incluslve of lirocoverable VAT.
2J Inter¢st reGBlvabl8
Int9rès( on funds held on d8posIt 18 indu¢Jed when ret8ivable and the amount can be m88$ur
reliably by the charily, this Is nomolly upoTr notifk81itsn of lh8 inte￿t p8ld ￿ payable by the Instiluth)n
with whom the funds are d&posileé.
2.6 Tangible flxed assets artd depr?clatlon
T8ngible fix8d assets c051ing £100 or mor8 ￿re ¢8Pita1ised and re¢ognl8ed wh&n fulurg econom
benefits ar8 probablg 8nd the cosl or value of the as$8t can ba m8asured reliably.
T8ngible fixed assets ar8 inlllally Teco9nls8d &t cost. Aft8r recognition, und8r the ¢ost model, tangible
rix8d assets arg measur8d at cosl less accumulated depre¢lalion and any ac¢umul8ted lrnpairment
Ioss85. All cost8 incurr&d lo brlng a langlble f1X8d asset inlo ils Int8nded working condition should be
Induded In the measurement ol cost.
Depreciation is charged so as to alloc31e the (x>st of tangible fjx8d essÈls 1855 thelr residual valuè
over their esllmaled useful Ilves.
Dep￿￿ation Is provided on the followng bases..
Fr88hold property
2% stRlghl1lne
HistOliGal Experien
5Uh slialght Ilne
student S¢i$nce Centr8
5U/o 51ialght
Computer and office equÉptnent - 33.3% Stra￿ht Ilne
2.7 InalleDable assets
Inalienable a85ets are not r￿pitaliSed in the aG¢ounts duè to there being no r88dily available 8nd
r81iable valuatlon of the assets.
P8ge 13

Frlènds of Bènlamln Franklln House
IAcompany limitod by guaranteo)
Note5 to the Ilnanclal ststomenls
for tha year ended 31 March 2024
Accounting policios Icontlnu8dl
2.8 D8btors
Trad8 and other debtors are recognlsed al th& $&tt18rnent amount. Prep8yrnenls are ¥alued at the
amount prèpaHI.
2.9 Cash at bank and in hand
Cash al bank and tn hand Includes cash and shtsrt-tem highly liquid inve51ments with a short MatU￿ty
of thm months or les8 from the date of a¢qUisit￿n or op8ning of the deposit or similar account.
2.10 Liabllltlgs and pmvl$ioTrs
Llabililies are recognlsed when ther8 18 an obligatlon al the B81anc& sheet dale as a wsult of a past
event, itls probable thal a transfer of ecDnomlc benefll wlll b8 iequlr8d in settl2manl, and th8 8rnou￿t
ol the sBttlement can be e8tirnated reliabty.
Llabllilies are re￿gnIsed at the arnount that the chaT4ty 8ntsripate5 It w111 p8y to sellle the debl or the
amount it has r8c8lv8d as adv8ncBd p8yments lor Ihe goods or se￿ceS It must prO￿de.
2.11 Flnanclal instruments
The charity Dnly has financial assets and financlal Ilabilitles ol a kind that qualify as basic fflnan￿a
insl¥uments. Baslc flnandal Inslrutnents ar8 initially reeogni5ed at transa¢tlon value and subsequanl
measured at their settlernenl value wlth the exceptK)n of bank loans whlth are subsequpnuy
measU￿d at smorti88d cost using the eff8clive interest method.
2.12 Pensions
The charfly op8rate6 a d8fin8d contribuil¢n p8n8ion s¢h8rn8 th8 pension ch8rge repr88ents tho
arnount5 payab18 by the charily io the fun(5 in r8sp80t of th8 yèar.
2.13 Fund a¢¢ountlng
Ggn8r81 funds are unrestricted funds which a¥@ av8ilabl$ for use al the dIS¢￿tIon of the Trus18es in
furthgr8nce ol the general obleciives of the charlty and which have not been d8￿gnated for other
purpose5.
Reslrlc18d funds aTe fund5 whlch are to b8 used In 8(knrdance with specific restilcllons imposed by
donors ar which have raised by the charity for partlcular purposes. The Costs of ralslno arvj
sdmlnlstarlng 5Uth ftjnds are charged againsl the sp8cific fund. The aim and use o188ch restrl¢18d
fund Is set out in the notes to th8 finan￿al Statements.
Critl¢al accountlng èsllmates and areas of judgment
Eslimat8s and ILKlgments are contlnu8Ily evaluated and are based on histoilc818xperlenc8 and otheT
factors, including expectation8 of lulure &v8nts that are bellev8d to be reasonable under the
cir¢urnslancés.
CrittGal accountlng 88tlmate$ and assumptions..
The ¢harily mak8s 8sliThales and assumptions COn￿TnIng Ihe future. Th8 resulting accounllng estimHtes
and a$8utnptlon$ wlll, by definitlDn, seldom 8qU81 Ihe related a￿U81 result8. The esllmates and
assumption5 that have a sgnificat51 risk of ¢auslng a malarial adjustment to th8 carrying amounts of
88sets and Ilabili118s wilhln thg next financial year arg disGussed below,
Pag8 14

Frlends of Bgnlamin Franklln Hous•
IA eompaThy Ilmltsd by guarantee)
Not85 to the financial statements
lor th8 year endsd 31 Marth 2024
Income from dollations and 10gaclès
Rostricteil UnTO$trlcted
fund$
funds
2024
2024
Total
funds
2024
Total
fund8
2023
Donatlon5
Grants
1,500
21,250
191.021
192.521
21,250
213,4
18.558
22,750
191.021
213,771
230.013
Total 2023
38,429
191,584
230.013
Income from charltable 8Ctlvitle$
Unrestrlcted
funds
2024
Total
funds
2024
Totsl
funds
2023
Historic81 expÈrI8l￿6
49,990
49.990
38.299
Total 2023
38,299
38,299
Page 15

Frlends of Benjamln Franklln Hou58
IA company Ilmlted by guarantee)
Note8 to the flnanclal statements
ltsr the year end&d 31 March 2024
Incomo from Other tradlng activltSe8
In¢ome from fundralslnu ev8nt5
UHr8strlcted
funds
2024
Total
fund5
2024
Total
funds
2023
Sale of merchandise
Room hir8
Events
2,6e6
1,663
I,ty)o
3,022
1,599
1.599
4,266
4,285
5,885
Total 2023
5,685
5,685
InvoBtrnent In¢omo
Unrestrlcied
funds
2024
Total
funds
2024
Total
funds
2023
Interest rÈceiv8d
149
149
172
Totsl 2023
172
172
Expendltur8 on ralslng funds
Costs of ralslng voluntary Incom8
Unrestrt¢ted
funds
2024
Total
funds
2024
Total
futvjs
2023
E￿nd1[ure on r8lslng voluntary inGome
2,787
2,787
5,004
Page 16

Frlends of Benlamln Franklin Housg
(Acompany limlted by guarant••l
Notes to the linanclol statoments
for th¢ y8ar Ènded 31 March 2Q24
Analy$l$ of expenditure on charltabla aGtlvlt18S
Sumrnury by fund typ8
Roslrt¢t8d UnT￿trICted
funds
funds
2024
2024
Tothl
2024
Totsl
2D23
Hi8tOriGal gxperienc
stud8nl Scienc8 Cenlre
Developm8nt
Administrative
S¢holarship Contre
Governance
28.349
18,352
66.971
46,252
53,608
35,843
28,349
34,584
66.971
141,591
53,608
35.843
23,582
20,989
88.676
106.851
89,598
9,934
16,232
95,339
111,571
249.375
360,946
339,610
Total 2023
118,999
220,611
339.610
10. Analysis of 8xpendlturo by actlvitigs
A¢tlvltles
undertaken
dlre¢lly
2[>24
Support
costs
2024
Total
fvndg
2024
Total
fund5
2D23
HistOriGal 8xperienc8
studènt Science Centr8
Devglopmenl
Admini5tratlV8
Scholarship C8ntre
Governance
28,349
18,695
66,911
33,330
53,e08
28.349
34584
66,971
141,591
53.608
35,843
23,582
20,969
88,676
106,851
89.598
9,934
15,889
108,261
35,843
200,953
159,993
360,946
339,610
Total 2023
fj95,303
144,307
339.E10
Page 17

FrEend5 of Benlarnln Franklin House
IA ¢ompany Ilmlted by guarant801
Note5 to the finanGlal statements
forthè year onded 31 March 2024
10. Analysis ol expenditure by activltie$ l¢ontinuedl
Analysls of d5rerA co8ts
Total
funds
2024
Total
funds
2023
staff Gosts
Suenc6 day
Historical experi8nce
Ticket booking fee
Education
193.185
363
1,083
5.395
240
363
324
187,032
3,474
1,781
1,786
719
158
353
Travel
Miscollaneou5
200,953
195.303
Ana5y$ls of support Costs
Total
funds
2024
Total
lund8
2023
D8pre¢lation
Fundraislng costs
SGien¢e day
Travel
Employe8 expens8S
Indep&nd8nl Examlnation
A¢counlancy
Legal & professlojal
Bank charggs
klls¢ellaneous
T8lephon8
Printing, postage & statlonery
Insurance
Securlly
R8pairs
65,633
130
1,187
261
484
6,120
2,633
27,090
900
2,314
6,866
2,049
13,843
4,074
10,831
6,259
9,319
67,566
287
851
602
482
6,760
2,625
1,549
705
4,21 S
11.141
1,531
12,737
2,670
1S,836
9,166
CleaniTrg
159,993
144.307
Page 18

Frlends of Benlamln Franklln Hou80
IA comp&ny Ilmlt8d by guaranteel
Notes to the linancial statcments
for the year endgd 31 March 2024
11. Staff costs
2024.
2023
Wages and salarps
Social security costs
Pension costs
179,736
q1,626
1,823
176,486
11.619
11.0731
193,1B5
1B7.032
The average numbgr of peisons eM￿oyed by Ihg charity durfng the y8ar was as follows..
2024
2023
No.
M8nagement and administiatlon
The numb8r ol employoes whose employee bengfits1oxcAllding employer penslon costs) ex￿￿80
£60.￿0 was..
2024
2023
ln th8 band £80,001- £70,000
In tha band £70,001- £80,000
12. TTU51ees' remuneratlon and expen968
During lh8 year, no Trustees rec8ived apy rEmun8ratlon or other beneflls12023- £NILI,
During th8 year ended 31 March 2024, no Trustee expen8e5 have b8en Incurred {2023- ENILI,
Page 19

Frlends of Banlamln Franklln House
IA company Ilmitsd by guaranteè)
No¢as to th8 flnanclal statements
for the year ended 31 March 2024
13. Tanglb18 tixèd as$8ts
Freohold
Hlslorl¢al
property ExperlanGÈ
Science
Centre
qulpmant
Total
Cost
Al 1 Aprll 2023
Addltions
2231,023
328,351
193.007
526
84,693
$49
2,817,074
1,075
At 31 March 2024
2,231,023
328.351
193,533
65,242
2,818,149
Dèpr8clatlon
At 1 April 2023
Gharge for Ihe year
856,667
38,456
289.160
16,418
168,689
9,677
63,203
1,082
1.377.719
65,633
At 31 March 2024
895.123
305,578
178,3fj6
64,285
1.443,352
N8t book valu8
Al 31 March 2024
1,335,900
22,773
15,167
957
1.374,797
At 31 March 2023
1,374.3S8
39,191
24.318
1,490
1,439,355
Pagp 20

Friands of aanlamln Franklln Housa
IA company Ilmlted by guarantsO1
Notes to the fln3ncial slateTnènts
for Iho yoar ended 31 March 2024
14. Debtors
2024
2023
Due wlthln one year
Olh8r dgbtor5
PrepayfflBnls and accrued inCDtne
317
2,261
4,920
2,578
4.968
15. Crtdltor8: Amounts falllng duE wlthln on8 yeur
2024
2023
Tr8d8 Oreditors
other credltors
Accruals and deferr8d Incom9
9,174
576
5,938
5.364
3,911
5,419
15.688
14,694
Page 21

Fri•nd6 of Benlamln Franklln House
IA company Ilmltad by guarantee)
Notes to tha flrtanclal Statements
lor the year ended 31 March 2D24
16. Statèment of funds
statement of fuftds. current year
Balance at
31 March
2024
Balanc* at
Aprll 2023
Incomg Eypendltura
Unrestrfcted fund5
760.852
219,944
{226,6B11
754,115
General Funds
Restrlded funds
Education
Conservation
Endowrnent
438,117
242,623
34,174
22,750
116,2321
195,3391
444,635
147,284
34,174
714,914
22.750
1114,571}
626,093
Total of funds
1.47S,766
242.694
1338,2521 1.380.208
statement of funds. prlor year
B8lance at
31 March
2023
Balance 41
l Aprtl 2022
Income Expenditsjre
Unre$trl￿ed funds
GeneTal Funds
750,727
235,740
1225,6151
760,852
Rostrlcted fund5
1118.9991
438,117
242,823
34,174
EdUCat￿n
onseNation
ETrdowm6nl
518,687
242,823
34,174
38,429
795,484
38,429
1118.9991
714,914
1.475,766
Total of fund$
1,546,211
274,169
1344,fj141
Page 22

Frlends of BenSamln FTanklln Hou5&
IA company limlted by guarantfrel
Note5 to the financlal statsments
forthe year 8nded 31 March 2024
16. StatBment of funds lcontinuedl
Education..
Th8 education fund was selup in 2006 to hold grants and donations rec81V￿ with a r&strictk)n that the
funds b8 used for educ￿tIOn expenses.
Conservatlon-.
Tr9 con￿Nation lun(J wa5 setup In 2006 to hold grants and donations received with a restriction that the
lunds be used for conservatbn of the gTade-1 listed bullditu at 36 Cravén Street, London WC2N5NF.
Endowment..
The endowment fund was setup In 2011 with the goa5 of ralslnc a £4rn fund to secure the future of th8
bulkllng and Ils aim$.
17. Summory offunds
Surnmary of funds. ¢urr8nt yoar
Balance at
31 March
2024
Balance at I
Aprll 2023
Incomo Expen(Jltura
General fund5
RestrKted funds
760,8$2
714,914
219,944
22.750
12Z6.6811
1111,5711
754,115
626,093
1.475,766
242.694
133B,2521
1,3BO,208
Summary offunds . prlor year
Balanc8 al
31 March
2023
Balance at
1 April 2022
Income Expendiiure
G8neral fund5
R8StTiCted funds
750,727
795.484
235,740
38,429
(225,6151
1118,9991
780,852
714,914
1,546,211
274,189
1344,6141
1,475,766
Pag8 23

Frlands Of Benlamln Franklin Hous8
(A Company limlted by guarantee)
Notes to the flnan¢lal statemènts
for the yeaT ended 31 March 2024
IB. Analysls of net a888ts bètween furtds
Analy$ls of ft$t a56ets between funds - curront Perlod
R05triLted Unre$trlct8d
funds
fund5
2024
2024
Total
fund8
2024
Tangible flKed asset5
Current assets
Cr8ditors due within one year
625,987
106
74B,810
20,993
115,6881
1.374,797
21.Q99
115,6881
Total
626,093
754,115
1,380,208
Analysts of n•t a$sets b&lwe8n funds- prior p8riod
Restricted Unr88tricled
funds
fvnds
2023
2023
Total
funds
2023
T8nglble fixed as5els
Curr8nt assets
Credltors due wllhln onè year
714.809
105
724,546
51,000
114,6941
1,439,355
51,lOS
114,6941
714,914
760.852
1.475.768
Tolal
19. Pen8lon ¢ommltrnents
The group op8ralos a defined contrlbulion pÈnsion s¢h8me. The assels ol the scheme 8re held s8paralely
trom those of the group in an independently adtnlnistered fund. The p8nsion ¢osl charge repr85ents
contrlbutions paydbl8 amounted Df £1.823 (Reclevable 2023.. £1,073).
Related party transactlons
During the year thè charity rec8Ned iestrlct8d grants of £NII12023.. £Nill from the BenjaTnln Franklin
House Foundallon. The Benjamin Franklln House Foundation is a related party as the ¢harlli8s have
Trusiee In cotnmon.
The charity also recÈiv8d £43.00012023.. £Nill ol unr8Strided grants from Trustees and their related
partl@S.
Restri¢téd donations 101811ity £1,26012023.. £1,25DI have beon r8celved direclly from Trust885.
Pao8 24

Fr18nd5 of aenJ8min Frgnklln House
IA Company Ibmlted by guarantee)
Notes to the fi￿anCIal $tat6ments
for the year 8nded 31 March 2024
21. Controlllng party
The ¢harlly is contro119d by lis Trusle8s. and no one party controls th8 charity.
Page 25