Charity Registratlon No. 278092 THE FRANCIS WINHAM FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5APRIL 2022
THE FRANCIS WINHAM FOUNDATION CONTENTS Page Trustees and wofessional adviscrfs TNslees' report Independent auditorfs report Ststemt of finaw81 actNities Balance sheet Statement of Cash flows 10 Notes to the financral stalements 11-20
THE FRANCIS WINHAM FOUNDATION TRUSTEES AND PROFESSIONAL ADVISERS Charlty number 278092 Trustegs Josepliine Wnham Elsa Pelers Desmond Corcoran Fuschia Peters Principal address 18 Gilston Road London SW10 9SR Accountsnts BIKk Rothenberg Limited Chartered Accountsnts 16 Great Queen Street Covent Garden London IhC2B SAH Auditor ick Rothenberg Audit LLP Charted Accountants & StaiutoryAudilor 16 Great Queen Street Covent Garden London 28 SAH Bankers cHo8&CO 37 Fleet Street London EC4P 4DQ Solleltors AmistrwKJ Teasdale 200 Strand London WC2R 1DJ
THE FRANCIS WINHAM FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 5APRIL 2022 The Trustees present tr)eir reptst aTra financial Statements of Tr Franas Ihfjnham Foundatson for the year ended 5 April 2022. The financial statements have been wepared in aceordance with the a(xounbng poltues set out in nole 1 to the financial statements and compty vAth the Charrty's Deed of Settlement dated 27 March 1979, the Charib'es Act 2017 and Accounting and Reporbng by CharIts.. Statement of Recommended Practice applicable lo charities Pf9paring their accounts in accordance with the Finanryal Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102)- Reference and admlnlstratlve Inforniatlon The FrarKis Winham Foundation is wistered as a Chatty wilh the Charity Corrffiission, registration number 278092. The Trustees in Offi during the year and at the date of this report. together vthh the addiess of the Charity's prinapal and registered offi. a as set ¢xrt Page 1. Structurn. gov•mancè and managomgnt The Charity was constituted under a Deed of sethent dated 27 March 1979. The statutory power of appointing or 8ddrfaonal Trustees b5 vested in the present Trustees. The total number of Trustees shall be no more than nine at any ts"rne. Where there is a requirement for new Trustees, these would be identrfied by the remaining Trustees. New Trustees are apwinted under a Deed. The CUTrenl Trustees are sponSIble for the Induct of any new Trustees. A new Trustee VUld receive a welcome pack which indudes copies of the prewous yeaV$ annual report and accounts, a brief history of the Charity and a copy of the goveming document. The pad( wll also include a pY of the Chartty Commission guidarKe"Charity Trustee welcome pack. published on 30 April 2018 {updalèd 29 May 20181. The TNslees have examsned the major strategic, business and operational risks which the Charity faces and Confirm that systems have been estsblished lo enae regular repjrts to be produced so that the necessary steps can be taken to lessen these risks. The Trustees have systems in place to identfy any confii¢ts of interest Ihat may occur. en a conflict of interest arises, the relevant Trustee or Trustees agree to wrthdraw from any discussion and decision. Ofyectives and activities for the benefit of public The Charity's objectives are lo hold the Trust funds and income thereof upon Trust to pay or apply the whole thereof lo or towards or for the benefit of fvrtheran¢e of such charitable purposes. institutions or charitable foundatson8 for the benefft of old aThJ aged Feople in England. The Trustees confim that they have referred to the guidance contsined in the Charity Commission's general guidance on public benefft when reviewng the Charity's aims and objectives and in planning for the fi)ture and in setting the grant making pdicy for the year. The Tntslees receive applications for donations from a wNJe ¥arty of apph'cants wkno specialise in the care of aged people. The Charity, in considen.ng public benefft oblatIOnS, has a policy of making granls to a wide variety of charities and institutions to asslgt old and aged people in England to achieve a better quality of Itfe. The Charity approve or refuse the applications based on their assessment of the merits of èaeh requèst and ether the purpose of the awication is wrthÈn the obj.ects of the Chatty. The Charity makes grant5 onEy to registered charitae organisations in England, or lo organisalions in England. the activitles of which are compatible wih the ¢hantable objecbves of the Charity and which are exempt from the reqUirennI for charitable registralion. There was no material change in the FrfJliae3 of the Charrty during the year.
THE FRANCIS WINHAM FOUNDATION TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Financial review The principal activity of the charity is awarding grants. Grants made during the year lotslled £859,50212021- £3.956,8991. It 15 the policy of the Charity to make awards from income wthin the relevant financial year. Investrnents held at 5 April 2022 lthIed £343.989 (2021.. £344,089), vknich represent unlisted InvestrlS held at cost. The Charty holds shares in and receNed investrnent income from F_W.E.P Limited and Francine Trust Limited as sel out in notes 3 and 7. The investment income for the year comprised £381,333 (2021.. £228,571) frtjm F.W.E.P Limited and £nil12021.. £nitl from Francine Trust Limited. Followng the dispos81 of the listed investsment wrtfofK) in the year erKled 5 April 2021. gains on investments were £nil in the year ended 5 April 2022 (2021.. gains £732.9671 and income from the p)rtfolio of listed investments was £nil12021' £118,969). Govemance Costs incurred amounted to £29.380 (2021." £27.770). At 5 A.1 2022 the Charity had net assets of £4,139.95312021.' £4.704.9021. The Trust Deed grants wde poErs of investment lo the Chafity. There are rK> restrictions on the Charity's power to invest. The Trustees lake a medium to kJng4emi view on the objects of Chanty and it is antiupaled that the Charity 4MII corrtinue for the foreSeeae fLtture to sup the th[18b1e aims defined in the Trust Deed. Future developments To fulfil their Publ benefft obligations the Trustees intend to continue maknng grants to charitable institutions operating in the field of old and aged people in England. Achiavamgnts and performanc In the year the Charity made 16412021'.172) charitsble donati5 amounting to £859,502 {2021.' £3,956,899). The Charity supported a large number of other registered charities an(f insb"lutions provide services to give a better quality of life to old and aged peop EngLind. Resorv8s pollcy It is the policy of the Charty to maintsin funds. vthich are the free reserves of the Charity, al a level to provide sufficient ftjnds lo cover management. administration and support costs and to respond to emergency applications for grants vthich arise from time to tin. At 5 A.1 2022 the Charitys cash at bank and in hand was £3,829,82912021- £7,415,458). The assets held in the Charity a predominanlty cash. vknKh is highty IK4uid. and shares in F.W.E.P Limrted and Francine Trust mIted. illiquid Énvestments.
THE FRANCIS WINHAM FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 statsmont of Trusteos. rnsponsibilities The Trustees are responsible for preparing the Truslees, Report and the finan¢MJ stalements in aTare wrth applicable law and United Kingdom A(Ating StarKlards (United lfjngdom GeneAlly Accepted Accounting Praclice). The law applicable to chartiies in England and Wales requires the Trtsstees to ppare financia5 statements for each finanual year %thich give a true ar fair eW of the state of affairs of the Charity and of the incoming resources and apF4ts of restxirces ofthe Charty for that year. In preparing these finan¢Fal statemènts. the Trustees are required to: - select suitable accounlong pdiues and Ihen awy them ng1StenY', - obseNe the methods and principles in the Charities SORP.. - make judgements and estimates that are reasonable aNJ prudent., stale whether applicable accounting stsndards have been fc4b)vd. subject to any material departUS disclosed and explained in the finanaal ststemenls., and - prepare the financial statenwnts on going concem basis unless it is inappropriate to presume that the charity vlll conb.nue in operation. The Trustees are iesponsible for keeping SLrffiaertt accounting records that disclose wtt) reasonable accuracy al any time the financial potion of the Chanty and enable them to ensure that the financial ststemenls comply with the Charities Act 2011. the Charity (Accounts and Rew)rtsl Regulation5 2008 and the provisions of the trust deed. They are also reswnsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and Oth Irregularitie$. Auditor Blick Rolhenberg Audit LLP has been ap1inted aiwjitor to the Charity and has expressed their willingness to continue in office. Disclosure of information to auditor Each of the Trustees has confimied that there is no Informati¢)n of whi¢h they are aware which is relevant to the audrt. but of bvhKh the auditor is unaware. They have further confirmed that they have taken appropriato Steps to identify such levant infofmabon and to establish that the auditor is aware of such infomiation. The Trustees, rewt was approved by the Board of Trustees, and 8vJned on Jts behall by". Jostphlno Wlnham TNstee
THE FRANCIS WINHAM FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE FRANCIS WINHAM FOUNDATION Opinion We have audited the financlal slaternenls of The Francis Winham Foundation (the 'Charrty'l for the year ended S April 2022 which comprise the stslemenl of finalat actM"ties, the balance sheet. the statement of cash flows 8nd the notes to the financial ststemenls, induding a summary of snificant accounting policies. The financial reporting framework that h8s been applied in their prepaTakn"on is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporbng Standa1 a&ble in the UK and Republic of Ireland Iunrted lfj"ngdom Generally A¢ceptedA¢¢ounting Practi). In our opinion. the financial statements.. give a true and fair wew of the state of the charity's affairs as at S April 2022 and of tts incoming resources and appltcation of resources for the year then ended., have been property prepored in accordance with Unilgj Kingdom Generydlfy Attepted AccounliThJ Practice; and have been prepared in accordance with the requirements of Chaiibes Act 2011. Basis for opinion We wnducted our audit in accordance Yh lntemats.onal Standards on Auditing (UK} IISAS (UK)) and appliCae law. Our responsbililies under Ih05e standards a further described in the aLtdito¢s responsibilities for the auLlil of the financial statements section of our report. We are irKlependenl of the Charity in accordance wpth the ethical requirements that are relevant to our audit of the finanaal stslements in the UK, including the FRC'$ Ethical Standard. and we have fuffilled our other ethical responsibilities in accordance with these requlremenls. We believe that the audit evidence V•E have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions rèlating to going concom In auditing the financial ststemenls, we have o)ncluded that the TTUStees' use of the wing concem basis of accounting in the preparation of the finanrAal statements is appropriate. Based on work we have performed, ¥•* have not KIent[fd any material uncertainties lating to events or conditions that, individually or collectively. may cast significant doubt on the Charity's ability to contsnue as Iflg concem for a period of al least fvAve monlhs from when the financial statements are authorised for issue. Our responsibilities and the resF¥)nSltr11tleS of the Twslees resFect to w'ng concem are described in the relevant sections of this report. Other inforniation The Trustees are sPonsib for the other inf0mat. The other infomiation comprises the infomalion included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements dces not wver the other informth.on arKI do not express any lomi of assurance conclusion thereon. In connection wilh our audtt of financial statements, Our reSp.1itY is to read the other information and, in doing so. consider whether the other infomwtion is materialty inconsislenl wtth the financial statements or our knoedge obtained in the audit or otherwse appears to be materially misststed. If we identify such material inconsistencies or appanI material misstatements. we are required to detemiine whother there is a material misstatement in the finanaal stslements or a material misststement of the other information. If. based on the work we have performed. we conclude that there is a material misstatement of this other informats'on, we are reqUId lo report that fact. We have nothing lo rel In this regard.
THE FRANCIS WINHAM FOUNDATION INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF THE FRANCIS NHAm FOUNDATION Alattors on whl¢h ¥ are requirgd to rnport by excepti We have nothing to report in respect of the follmng matt&s where the CtsTil¥ (Accounts and Reports) RegLtlation$ 2008 requi$ us to report to you rf, in our opinion." the InfOatIOn given in the Trustees. rewt is inconsislent in any material SPeCt with the financial statements., or the financial statements are not in agreement with the accounting records and returns., or we have not received all the infom)ation and explanations we require for our aud Rgsponslbllltl•s of Trtses As explained more fijlly in the slatement of TTu5tees' respcrtsibilrbes. the Trustees are responstble for the weparalion of the finana81 StateEntS and for bw'ng sats"sfied that they gTve a true and fair wew, and for such internal control as the Trustees delemiine 1$ necessary lo enable the prep8ration of financial statements that are free from material MItateMent, whether due to fraud or error. In preparing the financi Snts. Ihe Trustees are responsible for assessing the Charty's abilty to continue as a going Con, disclosing. as applicable, matters related to going concem and using the going concern basis of accounting unless the Trustees either intend to cease operatnS. or have no all$'¢ allemative bul lo do so. Auditots responsibiltlios forthè alit of thg financial slatorn•nts We have been appointed as auditor under section 144 of the chanb.es Act 2011 and feport in a¢xordanrR wth the Act and relevant fygulakn.ons made or having eftect thereunder. Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misslatement, whether due to fraud or error. and to tssue an audilorfs report that Includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance ISAS {UKI will alvroys detect a material mis5tstemenl when it eSts. Misslatemenls can arise from Iraud or error and are ConSered material rf, individually or in the aggregate, they could reasonably be expected to inffuence the eo)nomic decr5ions of users taken on the basis of these finala1 stslements. Irregularities. including fraud. are inslances of non compliance lth lavB and regLFlations. We design procedures in line with our responsibilth"es. ouuined above, to tjetect material misslatemenls in respect of irregularities. including fraud. The extent lo which our procedures afg capable of detecting iTgUlaritieS, including fraud is detsiled below.. . the engagement partner ensured that the engagement team colle¢twety had the appropriate competence, capabilitie5 and sknlls lo hlentify or recognise non complkgnce with applicable and regulations,. . we idenlthed the law5 and regulations applicable to the charrty through discussions wth management. and from our knOedge and experience ofthe charty sector: we focused on specffic laws and regulations which consKlered may have a direct material effect on the financial slalements or the operations of the charity. induding the Charitres Act 2011. tsxatson legislation and employment legislation.. ' we assesse(I the extent of compliartce vth the laws and wula"ons identified above through maknng enquiries of management and inspecting legal correspondence." and identified laws and regulations were communicated wlhin ts audil team reguL4rty and the team remained 8lert to instances of non compliance throughout the audit. We assessed the susceptr'bilty of the tharity's finaniial Staten to material misstatement, incl[19 obtaining an understanding of h¢w fraud might occur, by.. . making enquiries ol management as to where they conskdered there was susceptibility to fraL¥J. their knowledge of actual, suspected and alleged fraud.. and ' considering the internal controls in klace to rrHbgate risks of fraud and non complsance with Jaws and regulations". and Identifying and testing joumals. in parb"uJlarjournal entries posted *ith sÉgnificant values.
THE FRANCIS WINHAM FOUNDATION INDEPENDENT AUDITOR'S REPORT {CONTINUED TO THE TRUSTEES OF THE FRANCIS WINHAM FOUNDATION Auditor's r8sponsibiliti8s for thg audtt of the financlal slatsments To address the risk of fraud through management bias and ovemde of control$, we.. performed analytical procedures to identrfy any unusual or unexpected tationships. ' assessed whether judgements and assumpt)ns made in determining the accc¥Jnting estimates were indicative of potential ts'as", and nvesltgated the rationale behind ggnificant or unusual transactv)ns. (Contlnuod) In response to the risk of irregularibes and non ¢Trance wrth laws and regula"on5. we designed procedures which included, bLrt were not limited to". * agreeing finanoal statement disdosures to underfying supw)rting do(yJmentstion; and enquirin9 of management as to actual and potential libgalion and claims. There are inherent limilions in our audr( predureS described above. The mre rerrw)ved that laws and regulab'ons are from financial transactions. the sS likely it is that we would become aware of non compliance. Audibng stsndards also limit the audrt pRKedure5 required to identfy non compliance wth law5 and regulations to enquiry of the directors and other martsagemwst and the Ins1 of regulatory and legal correspondence. rf any- Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate conalmen1 or collusw. A further description of our resFonsibilrtie5 for the audit of the financial ststernents is located on the Financial Reportj'ng Council's website al: ww.frc.tyg.ukJaudrtorsresrh)nsibilities. Thss description forms part of our audilorfs reporL Use of our roport This report is made soldy to the Charrty's Truslees, as a t, in aCcordare with part 4 of the Charthes IA¢counts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state lo the charity's trustees those matters a required lo state to them in an audilorfs report and for no other purpose. To the fvllesl extent pemiitted by law, we do not accept or assume SPOnSIbl11ty to anyone other than the charity and the thanty's trustees a¥ a body. for QLW aLJit for this rem or for the opinions we have formed. QL,k KLI LLP Blick Rothenberg Audit LLP Chartered A¢¢ounlants Stalulory Auditor 16 Great Oueen Streel Covenl Garden Loridon WC2B SAH 23 November 2022 ick Rothenberg Audit LLP is eligible to act as an audilor in temis of section 1212 of the CompaniesAd 20C6.
THE FRANCIS WINHAM FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 6 APRIL 2022 Unrestricted fund 2022 2021 Incorng from: Donations & legactes Investments 15.000 347.540 381,333 Tolal Incomo 381,333 362,540 Expenditurn on ralslng funds Investment management fees Charitable adivities 125,3131 {4,036,695) 1946.2821 Total expend6thr• 1946,282) {4,062,008) Nel gains on invesbrents 732,967 Net movemont in fund5 {564.949J (2,966,501} Rgcon¢lllatlon of funds Fund balances at 6 April 2021 4.704.902 7.671.403 Fund balances at S April 2022 4,139,953 4.704.902 The notes on pages 11 to 20 form part of these fttiancial ststements. Statsment of recognised gains and losses The statement of financial activibes inc4ude all gains and k5 rwni5ed in the year. Operating aC¥{tio$ All income sOUrceS and resc4Jrces expended derive from operatiThJ activities. All ofthe actiwties of the Chanty are classffjd as ts)nlinuing.
THE FRANCIS WINHAM FOUNDATION BALANCE SHEEr AS AT 6 APRIL 2022 2022 2021 InYe5knerrts 343.989 Currenl Cash at Trk and kn harKI 3.829.829 7.4fS,458 Cr•dltorn: amounts f•lllr4 ¥trthln ¢)n• y•*r {33.885) 13.054,845} 3.795.964 4.360.813 Netassels 4,139,953 4.704.902 R•pr•80nt•d ty: Unrestn'cled lunds 4139.9S3 4,704.902 •nd betrAII by.. Jos•phln• Wlnham Trusiee 14/IL/IOI notescrf> Par# 11 iv xi fornl pa1 oflhw frnswl
THE FRANCIS WINHAM FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2022 2022 2021 Cash flows from opgrating activities Nel income for the rePon9 year {564,949) {2,966,5011 Decrease in debtors (Decreaseyincrease in credrtors Donabons & legac5 Invesknent income (Loss) on revaluation of investments 21.817 3,011,621 {15,000) {347,5401 1732,967) 13,020.780> (381.333) (3.402.113) 1.937.931 Nèt cash us•d in opgrJllrwJ actlvltles (3,967.062} 11,028.570) Ca$h flows from investing activities Investment income Donations & legacies Addib'on$ of investments Disposals of Investments 381.333 347.540 15,000 11.044,7131 7,C68,224 Mgt cash g8noratrd from Inv•sting activities 381.333 6.386,051 Chango In cash and cash oqufvalents In the yoar 13,585.729) 5,357,481 Cash and cash equwalents at beginning of year 7,415.558 2,058,077 Cash and cash •quivalènts at 8nd of yr 3,829.829 7.415,558 Anatygls of net funds Cash at bank and in hand Cash held by fund managers 3.829.829 7,415,458 100 Total cash and cash equivalents 3.829.829 7.415.558 The notes on page5 11 to 20 fonn part of these finarKAal statements. 10-
THE FRANCIS WINHAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Accountlng poll¢ies Charlty infonnatli The Francis Wnham Foundab"on is an uninci>waled Trust. Its principal klace of busness is 18 Gilslon RO1. London. SW10 9SR. 1.1 Accounting convention The financial ststements have been prepared in accordance wlth the Chanws goveming document, the Charities Aca 2011 and Accounting and Reporbng by Charibes" Ststement of Recommended Practice applicable to charib'e$ preparing their accounts in accordan wth the Financial Reporting Stsndard applicable in the UK and Republic of Irdand (FRS 102) (effective 1 January 20191. The financial statements have been pPared lo give a Irue and fair vievl and have departed from the Charities (Accounts and Reports) Regulathjns 2008 onty to the extent to Prowde a Irue and fair view,. The departure has involved follow?ng A¢Unting ènd Reporbrkg by Charities preparing their accounts in 8c¢ordance wlh the FinancFal Refvxjrting Standard applicable in Ihe UK and Republic of Ireland IFRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities Statement of Recommended Pra¢liGe effective frc¥n 1 Apri5 2015 which has nce been wth(Irawn. The Franas Wnham FourKlatKJn meets the deffinib.on of a public benefit entity under FRS 102. The financial stslements are prepad in sterfing, whth is fvnclional ujrrerw ofthe Charity. The folltrwing principal accounting pJi¢ies have been appl.. 1.2 Going Goncem Al the time of approving the financial statewthts. the Trust&s te a rea30rb expectatson that the Charty has adequate resources to continue in operational existence for the foreseeabSe fLrture, being period of al least fj2 months from the date of signature of the a¢unts. Thus the Trustees continue lo adopt the going concern basis of aCcti in preparing the financtal Ststements. 1.3 Fund accounting General Funds are unrestricted lunds which a available for use al the discretion ol the Trustees in furtherano of the general objectives of the Chanty and whth have rt been dewgnated foi other purposes. 1.4 Incom• All income is recognised On the Charity has enb"tlemenl to the income, it is probable that the income wi be received and the amtyjnt of irwnE rewvable can be wasured reliably. All income i8 staled gr05s of any expenditure. 1.5 Expenditure Expenditure is recognised once there 1$ a legal rA Cg)nstructNe obligation to make payment to a third party, il is probable that settlement will be required and the amount of the obligth.on can be m&15ur&l reliably. All expenditure is accounted for on an accruals basis. All expen induding govemance costs are allocated to applicable expenditwe headiryjs. ITCoverable VAT 18 charged against the expendire heading for vthfch il was in0jr. 1.6 Creditors Credrtors are recognised ere the Charity has a present obligation resuthng from a past event that will probably re5uII in the transfer of fvnds to a third paty and the amount due to settle the obligation can be measured or estimated reliabty. Creditors are normalty recognised at thetr setuemenl amount. 11
THE FRANCIS WINHAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED S APRIL 2022 Accounting policies IContinu8d} 1.7 Flnanclal Instruments Financial instruments are classified and accounted for. according to the substance of the conlradual arrangenI. as either financial assets, finanoal liabilities or equity inslrumenls. An equity instrument is any contract that evidences a residual interest in the assets of the Charity after dedLtcting all of its liabilities. 1.8 Quotgd Invosbnents Quoted investments are included in the finanual stements at market value al the end of the year. The cost of investments purthased in foreogn currertcy is translated irrto erling al the rate of exchange ruling at the date tsf purchase. The statement of financlal activities inclth net gains and losses arISg on revaluaiws and disposals throughout the year. 1.9 Unquotgd Investments Unquoted investments are induded in the finan(aal stalents at cost. The ststemenl of finarKial activiies indudes di¥ldetK18 received from uTh]uoted investments. 1.10 Taxation The Francis Winham Foundath)n is considered to pass Ihe tests as set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefo rt meets the definits.on of a Charity for UK corporation lax purposes. Accordingly The Franas Winham Foundation is polenb.alty exempt from tsxation in respect ol income or capital gains r&eived within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxathin of Chargeatye Ga"ns Act 1992 to the extent that SLch income or gains are applied exdusively to its charitable purpo$e$. Donations and 1oga¢les Total 2022 Total 2021 Donations received 15,000 Investmont8 Total 2022 Total 2021 Income from UK quoted stocks and seCtieS Income from overseas quoted stocks and SecUre5 Income from unqL)ted stocks and secule$ 111,671 7,298 228.571 381,333 381.333 347.540 12-
THE FRANCIS WINHAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 5 APRIL 2022 Charitable activiiias Analysis of charltable activities Total 2022 Total 2021 Grants Salary costs Govem8nce costs (4.11 859,502 57,298 29.482 3,956,899 52.028 27.770 (4.2) 946,282 4,036,695 4.1 Grnnts payable Total 2022 Total 2021 Grants during the year comprise: 4 Sight Vision Support Abbeyfield Be3n$eld Sou"ety Age Concem (4 donations) Age UK19 donations12021- 11 donations)) Almshouse Assoaation Atton Community Assouation The AncFK)r Society Ashgate Hospice Care Asthma Relief Aylsham & District Care Trusi Bede's Helping Hands 5,000 5,000 26,000 62,000 10,000 5.000 15.000 10,000 97,000 10,000 15.000 10.000 5.cllo 5,000 15,)0 Balance carried fophBrd 148.000 152,000 13-
THE FRANCIS WINHAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Charitable activities {continU) 4.1 Grants payable (continued) Totsl 2022 Total 2021 BalarKè brought forward Belle Isle SeniorAction Blind Veterans UK 8oxes of Basics The Brendoncare Foundation Brili$h Tinnrtus Associats"on Better Understsnding of Dementia for san<11 (BUDS) Bubble Co Lld12021- 2 donatS) Campaign lo End Loneliness Cardiac Rehabilitation Charrty Ltd ca & Repair 12 donab.ons (2021- 8 donations)) Care for Veterans Carers, Centre Carers UK Casue Point Sthool Car Scheme Lttl Cats Protection Cavell Nurses, TNst Centre 404 Centre for Sustainable Energy17 donations) Chrysalis Ciaran Bingham Foundalion Trust Communty Resource Compaid Trust Comwall Rural Community Charity Comwater Evergreens Crisis Demand Dementia Adventure Dementia Support Devon in Sight Dolphin &iety Dorothy House Hospice Care Dove Cottage Day Hosp8 Ellenor HospKe Elswck (Blyth) All Amis Associotion Environment Centre (3 donabons) Event Mobil ExeA¢¢ess Fareshare The Fed Food & Friendship 148.000 152,000 15,000 5,000 5,000 5,000 5,000 5,000 6.000 5.000 20.000 5.000 11,250 10,000 5,000 10,000 5.000 5.000 14,130 10,000 7,000 5,000 10,000 5,000 9,076 12.500 2,000 5.000 10,C 5.000 10,000 5,000 5.000 5.000 5,000 10,000 10.000 10.000 5,000 10,000 10.000 5,000 5,000 12.350 5.250 8,1)00 10.000 5,000 5,000 5.000 Balance carried forward 3t6.676 350,880 14-
THE FRANCIS WINHAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Charltsblo a¢tivili4s (Continued} 4.1 Grants payable Icontlnued) Totsl 2022 Total 2021 Balance brought forward Food Lifeline Friends of One T0rbridge Roa Friends ofthe Eldety Fulham Good Neighbour Service Giving Hands Mission Grandparents Plus The Grateful Soaety Groundwork London Guild Care The Gurkha Weware Trust Hanley Crouch Community Associalion Harrow Carers Hearing Dogs for Deaf People Henry Smith Chaftty12021- 3 th)n8liorts) Henshaws Heritage House Hospice Care Hospice Hope Hot Line Meals Independence al Home IndependentAge Info sou1 Jacksons Lane Jesmsh Blind and Disabled Katharine House Hosp lQngsTrust Neknrk Kirkwood Hospice League of Remembran Limehouse Project The Lindsay Leg Club Foundation The Link Visiting sCe Listening Books Lrtue Sisters of the Poor The BubNe Theatre Company Maclntyre Marie Curie The Maruets Hospice Mary Stevens H05wce Matthew Trust Meals on INheels Morecambe Bay Foodbank 316.676 350,880 5,000 25,000 5,000 5,000 10,000 10,000 5.000 5.000 10.000 10,000 5,000 5.000 5,000 7,050 10,CN)O 10.000 5,000 5.000 20.000 5,000 5.000 16,51JO 7,500 5,000 5,1)00 3,fyJO 5.000 10,000 5,000 10,000 5,000 10,000 10,000 10.000 5.750 5,000 5,1100 5,000 5,000 5.000 5,000 5.000 15.000 Balance carried forward 444.926 572,430 15-
THE FRANCIS WINHAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Charltable actlvitie Icontlnued) 1 Grants Yable {continued} Totsl 2022 Total 2021 Balan brought forward Earf Mountbatten Hospice MS Therapy Centre Myton Hospice NARA The Breathing Chanty North London Hospice North Norfolk Community Transport On Course Foundation Prama Foundation Rainy Day Twst Reach Family Pr4ect Re*ngage Revitalise Ringtons Royal Agricultural Benevolent Inslitulion Royal Air Force Benevolent Funtt Royal Air Forces Asso¢ialion Royal British Legion Industries Royal Hospitsl Chelsea Royal Marines Chartty Royal Osteoporosis Socrety The Royal National 1nsts.lule of BlirKI People Royal Star & Garter Homes The Seetng DogsAliance See Sexey's Hospital Sheffield Rolherham Wldlife Trust Shropshire RCC Sight Concem WorcestefsPw The Silver Line Silver Link Proje¢t SSAFA (8 donations {2021- 7 donatio)} Southampton Healthy Hon Springfield Communrty Flat {2 donab'ons12021- 2 donations)) StAndrews Society for Ladies in Need Sl Andrews Hospice Sl Bamabas Hospice Sl Bamabas House st Chrsstr)pherfs Hospke 444,926 5,000 572.430 5,000 5,000 5,000 5.000 5,000 10,000 5.000 5.000 5.000 5,000 5.000 15,000 10,000 5,Tr)0 5,000 5,200 10,000 10.000 5.000 10.000 10.000 3,000,000 15.000 25,000 5.000 5,000 5,000 10.000 5,000 5,000 3,000 10,000 5,000 10,000 5.000 10,000 10,000 44,420 32,630 6,000 10.000 10.000 9.000 10,000 5,000 5,000 6.500 5.000 Balance carried foward 683.546 3.765.560 16-
THE FRANCIS WINHAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 6 APRIL 2022 Charitable activities (Continued) 4.1 Grnnts payable Icontinuad) Total 2022 Total 2021 Balance brought f¢yward St Elizabeth Hospice Sl Gemma's Hospice Sl John's Hospice Sl Joseph's Hospice st Peter & Sl James HospKe St Raphael's Hospice Sl Richard's Hospi Foundation Sl Wlfred's Hospice Slroke Association Sudbury Neighbourhood Centre fime To Talk Befriending Treetops Hospice Care Unite Carers in Mid Devon Unrted St Saviours Church Vista inman Trust Wakefield Hospi Wallhew House W115hire Bobby Vzn Trust Ilshire Communty Foundati {2021- 2 donation$} Inchester Hosplce Appeal Young 81 Heart13 donations) other donations less than £5,000146 donations {2020.' 40 ¢an$}) 683,546 3.765.560 5.000 5.000 3.000 5.000 10,000 2,000 10,000 5.500 10.000 9.000 5,000 5.000 5.000 10,000 5,000 15,cwJO 5,000 5.000 5,000 5,000 5.000 5,000 20.000 5,000 10.000 5.510 90,946 91,339 859.S02 3.956,899 17-
THE FRANCIS WINHAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Charflable a¢llvltles (Conllnugd) 4.2 Governancg costs The bakd0v of support costs and how Ihese are allocated ben Govem8tKe and Charitsble Activities is shovm in the tsble below. 4.2.1 Cost typg Governance Charttablo costs activ¥lse$ 2022 2022 Total 2022 Total 2021 Aijdit fees Accountancy fees Other costs 11,220 17,600 662 11,220 17.600 662 11,160 15,900 710 29.482 29.482 27,770 Twstees None of the Trustees (or any persons o)nnected them) received any rEmunerab'on or benefrts from the Charity during the year12021 = £nil). Employees The averago number of staff employed by the Chwty during ts year wa$ 1 {2021". 11. The payroll costs were as stated in note 4. There yre no staff in either 2021 or 2020 who received employee benefits of more than £60,000. 18-
THE FRANCIS WINHAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED S APRIL 2022 xod asset investm•nl8 Unlisted Investments at Cost 2022 Cash on deposlt 2022 Totsl 2022 Total 2021 B818nce at 6 Apn'l 2021 Addthons Disposals Cash movements Revaluation 343,989 100 344,089 5.786,531 1.044,713 (7,068,224) 11001 1151,898) 732.967 (11XJ) Balance at 5 April 2022 343,989 343,989 344,089 Hi8toncal cost of investments ot 5Wil 2022 343.989 344,089 UK 2022 Total 2022 Total 2021 Investments held are analysed as follows Equities- unquoted lat cost) Cash deposts 343.989 343,989 343,989 100 343.989 343,989 344.089 Cr9dltors: amounts falllng due within ong year 2022 2021 Accru818 and deferred incon 33.865 3,054.645 9 Ststsment of lunds Brought I¢Ing Resources fopKard resou0$ expgnd*d Net galns I {los$es) Carrled forKdrd 2022 2022 2022 2022 2022 Unrestricted furKIs 4.704.902 381.333 1946.282) 4.139.953 2021 2021 2021 2021 2021 Unrestricted funds 7.671,403 362.540 {4.12.¢)08) 732.967 4,704,902 19-
THE FRANCIS WINHAM FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED S APRIL 2022 10 Analysls of net assets Total 2022 Totsl 2021 Fund balances at 5 April 2022 a represented by: Investments Current assets Current liabilities 343.989 344,089 3.629,829 7,415,458 133,865) {3,054,645) Total net assots at 5 Awll 2022 4.139.953 4.704,902 11 Taxation The Charity is exempt from corForatw lax as all its incl* is tharitable and is applied for Charitable purpose. The Charity 1$ not exempl from VAT is ruded with the expenses to Ythich is relates on the ststement of Financial Acbvities. 12 Relat8d party trdnsactlons The Char(ty holds shares in and receives invesimenl Inco from F.W.E.P Limited and Francine TrLtst Limited as sel out in notes 3 and 7. Unlisted investments comprise ordinary share5 held in F.W.E.P Limited al cost of £152,123 and Francine Trust al cost of £191,866, al both 5 Awil 2022 and 5 Apn'l 2021. The Investment income comprised £381,333 (2021.. £228,571} from F.W E.P Mited and £nil 12021.. £nill from Francine Trust kn'mited. There were no amounts OLrtstsnding at 5 April 2022 in SpeCt of any of the related pae$.