Charity number: 278092
THE FRANCIS WINHAM FOUNDATION
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
THE FRANCIS WINHAM FOUNDATION
| CONTENTS | |
|---|---|
| Page | |
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 4 |
| Independent Examiner's Report | 5 - 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 - 18 |
THE FRANCIS WINHAM FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2025
Trustees
Elsa Peters Desmond Corcoran Fuschia Peters Josephine Winham (deceased 1 December 2023)
Charity registered number
278092
Principal office
18 Gilston Road, London, SW10 9SR
Accountants
Hillier Hopkins LLP, Ground Floor, 45 Pall Mall, London, SW1Y 5JG
Bankers
C Hoare & Co, 37 Fleet Street, London, EC4P 4DQ
Solicitors
Laytons Pinners Hall, 105 - 108 Broad Street, London, EC2N 1ER
Page 1
THE FRANCIS WINHAM FOUNDATION
TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025
The Trustees present their annual report together with the financial statements of the charity for the 6 April 2024 to 5 April 2025.
Objectives and Activities
a. Policies and objectives
The Charity's objectives are to hold the Trust funds and income thereof upon the Trust to pay or apply the whole thereof towards or for the benefit of furtherance of such charitable purposes, institutions or charitable foundations for the benefit of old and aged people in England. There was no material change in the policies of the Charity during the year.
b. Activities for achieving objectives
The Trustees receive applications for donations from a wide variety of applicants who specialise in the care of aged people. The Charity, in considering its public benefit obligations, has a policy of making grants to a wide variety of charties and institutions to assist old and aged people in England to achieve a better quality of life. The Charity approve or refuse the applications based on their assessmentof the merits of each requet and whether the purpose of the application is within the objects of the Charity.
c. Main activities undertaken to further the charity's purposes for the public benefit
The Charity makes grants only to registered charitable organisation in England, or to organisations in England, the activities of which are compatible with the charitable objectives of the Charity and which are exempt from the requirement for charitable registration.
Achievements and performance
a. Review of activities
The principal activity of the Charity is awarding grants. Grants made during the year totalled £2,200,316 (2024: £1,389,264). It is the policy of the Charity to make awards from income within the relevant financial year.
b. Investment policy and performance
Investments held at 5th April 2025 totalled £343,989 (2024: £343,989) which represents unlisted investments held at cost. The Charity holds shares in and received investment income from F.W.E.P Limited and Francine Trust Limited as set out in notes 2 and 9. The investment income for the year comprises £465,116 (2024: £186,047) from F.W.E.P Limited and £Nil (2024: £Nil) from Francine Trust Limited.
Page 2
THE FRANCIS WINHAM FOUNDATION
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 5 APRIL 2025
Financial review
a. Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
b. Reserves policy
It is the policy of the Charity to maintain funds, which are the free reserves of the Charity, at a level to provide sufficient funds to cover management, administration and support costs and to respond to emergency applications for grants which arise from time to time. At 5th April 2025 the Charity's cash at bank and in hand was £139,392 (2024: £1,894,976).
Structure, governance and management
a. Constitution
The charity was incorporated on 27 March 1979 and commenced trading on that date. The principal object of the charity is to provide assistance to the the old and aged people in England.
b. Method of appointment or election of Trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Funds held as custodian
To fulfil their public benefit obligations the Trustees intend to continue making grants to charitable institutions operating in the field of old and aged people in England.
Trustees' responsibilities statement
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Select jurisdiction requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgments and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
Page 3
THE FRANCIS WINHAM FOUNDATION
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 5 APRIL 2025
The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the Trustees, on
and signed on their behalf by:
................................................ Desmond Corcoran Trustee
Page 4
THE FRANCIS WINHAM FOUNDATION
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2025
Independent Examiner's Report to the Trustees of The Francis Winham Foundation (the 'charity')
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 5 April 2025.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
Responsibilities and Basis of Report
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of (enter body here), which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
Page 5
THE FRANCIS WINHAM FOUNDATION
INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED 5 APRIL 2025
- the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Dated:
Michael Jacoby FCA
Hillier Hopkins LLP
Chartered Accountants
Ground Floor 45 Pall Mall London SW1Y 5JG
Page 6
THE FRANCIS WINHAM FOUNDATION
| STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025 |
||
|---|---|---|
| Unrestricted funds Note 2025 £ Income from: Investments 2 465,116 Interest received 22,343 Total income 487,459 Expenditure on: Charitable activities 4 2,301,960 Other expenditure - Total expenditure 5 2,301,960 Net expenditure before other recognised gains and losses (1,814,501) Net movement in funds (1,814,501) Reconciliation of funds: Total funds brought forward 2,222,944 Total funds carried forward 408,443 |
Total funds 2025 £ 465,116 22,343 487,459 2,301,960 - 2,301,960 (1,814,501) (1,814,501) 2,222,944 408,443 |
Total funds 2024 £ 186,047 16,026 202,073 1,494,392 1 1,494,393 (1,292,320) (1,292,320) 3,515,264 2,222,944 |
The notes on pages 9 to 18 form part of these financial statements.
Page 7
THE FRANCIS WINHAM FOUNDATION
BALANCE SHEET AS AT 5 APRIL 2025
| Note Fixed assets Investments 9 Current assets Cash at bank and in hand Creditors:amounts falling due within one year 10 Net current assets Net assets Charity Funds Unrestricted funds 11 Total funds |
£ 139,392 (74,938) |
2025 £ 343,989 64,454 408,443 408,443 408,443 |
£ 1,894,976 (16,021) |
2024 £ 343,989 1,878,955 |
|---|---|---|---|---|
| 2,222,944 2,222,944 |
||||
| 2,222,944 |
The financial statements were approved by the Trustees on
and signed on their behalf, by:
................................................
Desmond Corcoran
The notes on pages 9 to 18 form part of these financial statements.
Page 8
THE FRANCIS WINHAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
1. Accounting Policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.
The Francis Winham Foundation constitutes a public benefit entity as defined by FRS 102.
1.2 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' Report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Page 9
THE FRANCIS WINHAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
1. Accounting Policies (continued)
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset�s use.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
1.4 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading �Gains/(losses) on investments� in the Statement of Financial Activities.
1.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
1.6 Cash at Bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 10
THE FRANCIS WINHAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
1. Accounting Policies (continued)
1.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
1.8 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
1.9 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
2. Investment income
| Unrestricted funds 2025 £ Investment income - dividends 465,116 Total 2024 186,047 Analysis of grants Grants to Institutions 2025 £ Grants 2,200,316 Total 2024 1,389,264 |
Total funds 2025 £ 465,116 186,047 Total 2025 £ 2,200,316 1,389,264 |
Total funds 2024 £ 186,047 Total 2024 £ 1,389,264 |
|---|---|---|
3. Analysis of grants
Page 11
THE FRANCIS WINHAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
Grants payable
| Grants payable | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Addington Fund | - | 10,000 |
| Age Concern | 45,000 | 30,000 |
| Age UK | 88,920 | 111,500 |
| Almshouse Association | - | 10,000 |
| Alton Community Association | - | 5,000 |
| Arts Depot | 1,120 | 2,450 |
| Asthma Relief Nebulisers | 7,000 | - |
| Aylsham & District Care Trust | - | 15,000 |
| Barnet Homes | 5,000 | - |
| Barnsley Hospice | - | 10,750 |
| Basingstoke Neighour Care | - | 5,000 |
| Berkshire Vision | 15,000 | 7,000 |
| Blackburn with Darwen Carers Service Ltd | 5,000 | - |
| Blesma The Limbless Veterans | 15,000 | 5,000 |
| Bless Community Support | - | 5,000 |
| Blind Veterans UK | 15,000 | 7,000 |
| Box of Basics | 5,000 | - |
| British Wireless for the Blind | 10,000 | 15,000 |
| Bucks Vision | - | 5,000 |
| BUDS | 5,000 | 5,000 |
| Camms Meals on Wheels | - | 20,000 |
| Canine Parters | - | 5,000 |
| Cardiac Rehab | 5,000 | 10,000 |
| Care and Repair | 29,387 | 30,177 |
| Care for Veterans | 15,000 | 10,000 |
| Cares UK | 10,000 | - |
| Caring Together in Woodhouse | - | 5,000 |
| Castle Point Social Car Scheme Ltd | 6,000 | - |
| Cats Protection | 5,000 | 5,000 |
| Centre for Sustainable Energy | 2,992 | 3,900 |
| Charity Link | 10,000 | 10,000 |
| Charles Young Centre for the Community | 5,000 | - |
| Citizen Advice | 9,400 | 9,300 |
| Community Resource | 15,000 | - |
| Community Works | 7,000 | - |
| Compaid Trust | 5,000 | - |
| Compton Care | 6,000 | - |
| Contact | 8,650 | - |
| Cornwater Evergreens | 10,000 | 10,000 |
| Cowell Nurses Trust | - | 10,000 |
| Croydon Neighbourhood Care | 6,000 | 5,000 |
| CVA Ledbury & District | - | 5,000 |
| DCA Befriending | - | 10,000 |
| Deafblind UK | 5,000 | 5,000 |
| Dementia Adventure | 10,000 | - |
| Dementia Support | 5,000 | - |
| Dolphin Society | 10,000 | 10,000 |
| Douglas Macmillan Hospice | 5,000 | - |
| Dressability | 5,000 | 3,000 |
| Dudley Caribbean & Friends | 17,000 | 5,000 |
| Elswick (Blyth) All Arms Association | 5,000 | 6,000 |
Page 12
THE FRANCIS WINHAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
| Environment Centre | 53,615 | 154,623 |
|---|---|---|
| Event Mobility | 10,000 | 10,000 |
| ExeAccess | - | 10,000 |
| Fareshare | 25,000 | 35,000 |
| Food Lifeline | - | 10,000 |
| Giving Hands | 15,000 | 15,000 |
| Good Neighbour Scheme | - | 14,000 |
| Greenwood Community Centre | - | 10,000 |
| Groundwork East | 5,000 | - |
| Guide Dogs for the Blind | 10,000 | 10,000 |
| Guild Care | 5,000 | - |
| Hadleigh Grand Feoffment Charity | 10,000 | - |
| Headway Suffolk | - | 5,000 |
| Hearing Dog for Deaf People | 5,000 | - |
| Heart of Kent Hospice | 5,000 | 7,250 |
| Henshaws | 5,000 | 5,000 |
| Heritage House Caring Group | - | 5,000 |
| Holbeck Together | 5,000 | - |
| Hotline Meals Services (London) | 5,000 | 5,000 |
| Hourglass | 6,000 | 10,000 |
| Hydration Foundation | - | 5,000 |
| Independence at Home | - | 20,000 |
| Jacksons Lane | - | 5,000 |
| Jewish Blind & Disabled | 4,780 | - |
| Jewish Care | - | 10,000 |
| Jewish Deaf Association | 3,000 | 4,780 |
| Katherine House Hospice | - | 20,000 |
| Kemp Hospice | 5,000 | - |
| Lincoln & Lindsey Blind Society | - | 5,000 |
| Link Age Southwark | - | 5,000 |
| Listening Books | - | 15,000 |
| London Bubble Theatre Company | - | 5,000 |
| Making Space | - | 5,000 |
| Manchester Carers Forum | - | 5,000 |
| Mary Stevens Hospice | 15,000 | 8,000 |
| Mid Devon Mobility | 5,000 | 5,000 |
| More Music | 7,000 | 10,000 |
| Mountbatten Hampshire | - | 10,000 |
| My Life Films | - | 5,000 |
| Myton Hospice | - | 10,000 |
| NARA The Breathing Charity | 5,000 | 5,000 |
| Newport Cottage Care Centre | 10,000 | - |
| North London Hospice | 5,000 | 5,000 |
| North Norfolk Community Transport | 5,000 | - |
| Oakley Rural Day Centre | 3,360 | 6,000 |
| Oxford Hospitals Charity | - | 5,000 |
| Phyllis Tuckwell Hospice | 64,000 | - |
| Prince of Wales Hospice | 10,000 | - |
| Prospect Hospice | - | 5,000 |
| RABI | - | 20,000 |
| Ralli Hall Lunch + Social Club | 5,000 | - |
| Reach Befriending | 5,000 | 10,000 |
| Respite Association | 15,000 | 10,000 |
| Richards Hospice Foundation | - | 15,000 |
| Ringtons | - | 5,200 |
| Rotherham Hospice | 5,000 | - |
| Royal Air Force Benevolent Fund | 5,000 | 15,000 |
Page 13
THE FRANCIS WINHAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
| Royal British Legion Industries Royal Hospital Royal Star & Garter Homes Royal Trinity Hospice Serve Severn Hospice South Northants Vol Bureau Springfield Community Flat SSAFA St Andrews Society for Ladies in Need St Barnabas Hospice St Christopher's Hospice St Clare Hospice St Elizabeth Hospice St Helena Hospice St John's Hospice St Josephs Hospice St Katherine House Hospice St Raphaels Hospice St Richards Hospice St Teresas Hospice St Wilfreds Hospice Stroke Association Suffolk Community Foundation Teams & Bensham Community Teeside Hospice Thames Hospice Thanet Trust The Anchor Society The Felix Project The Girha Welfare Trust The Grateful Society The Helpful Bureau The Kirkwood The Over Day Centre Association The Renewal Trust The Seeing Dogs Alliance Time to Talk Befriending Twilight Kindness UK Men's Shed Association Unite Carers in Mid-Devon Wainman Wakefield Hospice Warmabade Trust We Care & Repair Weldmar Hospice Weston Hospice Care Whitby Scarborough & Ryedale DAG Wiltshire Community Foundation Young at Heart Other donations less than £5,000 Total |
10,000 1,000,000 - 5,000 10,000 - - 7,500 13,000 30,000 - 12,500 5,000 7,000 5,000 - 5,000 94,840 - 5,000 - 17,000 - 10,000 - 5,000 - 5,000 20,000 10,000 - 15,000 7,000 10,000 10,000 7,000 - 6,000 10,000 - - 10,000 - - 11,072 - - 5,000 15,000 1,680 39,500 2,200,316 |
- - 7,000 10,000 10,000 9,500 5,000 10,600 28,700 25,000 10,000 - - - - 5,000 - - 6,600 - 10,000 10,180 15,000 - 10,000 - 5,000 10,750 15,000 - 5,000 15,000 - 7,640 5,000 - 10,000 5,000 5,000 5,000 20,000 10,000 5,350 10,000 7,100 15,000 5,000 - 15,000 8,625 46,289 |
|---|---|---|
| 1,389,264 |
Page 14
THE FRANCIS WINHAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
4. Governance costs
| Unrestricted funds 2025 £ Governance Auditors' non audit costs 14,400 Analysis of Expenditure by expenditure type Staff costs Other costs 2025 £ 2025 £ Donations - 2,200,316 Salaries 79,769 - National Insurance 4,753 - Stationery - 627 Bank Charges - 755 Professional Fees - 1,341 General Expenses - - Charitable activities 84,522 2,203,039 Expenditure on governance - 14,400 84,522 2,217,439 Total 2024 70,812 1,423,581 |
Total funds 2025 £ 14,400 Total 2025 £ 2,200,316 79,769 4,753 627 755 1,341 - 2,287,561 14,400 2,301,961 1,494,393 |
Total funds 2024 £ 32,220 Total 2024 £ 1,389,265 67,722 3,090 - 600 1,195 301 1,462,173 |
|---|---|---|
| 32,220 1,494,393 |
5. Analysis of Expenditure by expenditure type
6. Net income/(expenditure)
During the year, no Trustees received any remuneration (2024 - £NIL). During the year, no Trustees received any benefits in kind (2024 - £NIL). During the year, no Trustees received any reimbursement of expenses (2024 - £NIL).
7. Auditors' remuneration
The Independent Examiner's remuneration amounts to an Independent Examination fee of £9,600 (2024 - £9,600), and accountancy services of £4,800(2024 - £22,620).
Page 15
THE FRANCIS WINHAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
8. Staff costs
Staff costs were as follows:
| Wages and salaries Social security costs |
2025 £ 79,769 4,753 84,522 |
2024 £ 67,722 3,090 |
|---|---|---|
| 70,812 |
The average number of persons employed by the charity during the year was as follows:
The number of higher paid employees was: In the band £60,001 - £70,000 In the band £70,001 - £80,000 9. Fixed asset investments Market value At 6 April 2024 and 5 April 2025 Investments at market value comprise: Unlisted investments All the fixed asset investments are held in the UK 10. Creditors: Amounts falling due within one year Accruals and deferred income |
2025 No. 1 2025 No. 0 1 2025 £ 343,989 2025 £ 74,938 |
2024 No. 1 2024 No. 1 0 Unlisted securities £ 343,989 2024 £ 343,989 |
|---|---|---|
| 2024 £ 16,021 |
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THE FRANCIS WINHAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
11. Statement of funds
Statement of funds - current year
| Balance at 6 April 2024 £ Unrestricted funds General funds - all funds 4,139,953 Other general funds (1,917,009) 2,222,944 Statement of funds - prior year Balance at 6 April 2023 £ General funds - all funds 4,139,953 Total of funds 4,139,953 Summary of funds - current year Balance at 6 April 2024 £ General funds 2,222,944 Summary of funds - prior year Balance at 6 April 2023 £ General funds 4,139,953 |
Income Expenditure Balance at 5 April 2025 £ £ £ - - 4,139,953 487,459 (2,301,960) (3,731,510) 487,459 (2,301,960) 408,443 Income Expenditure Balance at 5 April 2024 £ £ £ - - 4,139,953 - - 4,139,953 Income Expenditur e Balance at 5 April 2025 £ £ £ 487,459 (2,301,960) 408,443 Income Expenditure Balance at 5 April 2024 £ £ £ - - 4,139,953 |
|---|---|
Page 17
THE FRANCIS WINHAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
12. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2025 £ Fixed asset investments 343,990 Current assets 139,392 Creditors due within one year (74,939) 408,443 Analysis of net assets between funds - prior year Unrestricted funds 2024 £ Fixed asset investments 343,989 Current assets 1,894,976 Creditors due within one year (16,021) 2,222,944 |
Total funds 2025 £ 343,990 139,392 (74,939) 408,443 Total funds 2024 £ 343,989 1,894,976 (16,021) 2,222,944 |
|---|---|
13. Related party transactions
The charity holds shares in and receives investments income from F.W.E.P. Limited and Francine Trust Limited as set out in note 2. Unlisted investments comprises ordinary shares held in F.W.E.P Limited at cost of £152,123 and Francine Trust Limited at cost of £191,866 at both 5th April 2025 and 5th April 2024. The investment income comprised £465,116 (2024: £186,047) from F.W.E.P Limited and £Nil (2024: £Nil) from Francine Trust Limited. There were no amounts outstanding at 5th April in respect of any of the related parties.
Page 18