Docusign Envelope ID: 68E57BFF-A7BB-85C9-8166-2491963F6ABA
Charity number: 278092
THE FRANCIS WINHAM FOUNDATION
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2026
Docusign Envelope ID: 68E57BFF-A7BB-85C9-8166-2491963F6ABA
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 - 17 |
Docusign Envelope ID: 68E57BFF-A7BB-85C9-8166-2491963F6ABA
THE FRANCIS WINHAM FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2026
Trustees
Elsa Peters Desmond Corcoran Fuschia Peters
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
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Docusign Envelope ID: 68E57BFF-A7BB-85C9-8166-2491963F6ABA
THE FRANCIS WINHAM FOUNDATION
TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2026
The Trustees present their annual report together with the financial statements of the charity for the 6 April 2025 to 5 April 2026.
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 £187,469 (2025: £2,200,316). 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 2026 totalled £343,989 (2025: £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 £116,279 (2025: £465,116) from F.W.E.P Limited and £232,655 (2025: £Nil) from Francine Trust Limited.
Page 2
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THE FRANCIS WINHAM FOUNDATION
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 5 APRIL 2026
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 2026 the Charity's cash at bank and in hand was £143,341 (2025: £139,392).
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.
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THE FRANCIS WINHAM FOUNDATION
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 5 APRIL 2026
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 28-08-2026 and signed on their behalf by:
................................................ Desmond Corcoran Trustee
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Docusign Envelope ID: 68E57BFF-A7BB-85C9-8166-2491963F6ABA
THE FRANCIS WINHAM FOUNDATION
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2026
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 2026.
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 the ICAEW, 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
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THE FRANCIS WINHAM FOUNDATION
INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED 5 APRIL 2026
- 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: 28-08-2026
Michael Jacoby FCA
Hillier Hopkins LLP
Chartered Accountants
Ground Floor 45 Pall Mall London SW1Y 5JG
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THE FRANCIS WINHAM FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2026
| Unrestricted funds Unrestricted funds Note 2026 £ 2026 £ Income from: Investments 2 348,934 348,934 Interest received 125 125 Total income 349,059 349,059 Expenditure on: Charitable activities 4 287,694 287,694 Other expenditure - - Total expenditure 5 287,694 287,694 Net income / (expenditure) before other recognised gains and losses 61,365 61,365 Net movement in funds 61,365 61,365 Reconciliation of funds: Total funds brought forward 408,443 408,443 Total funds carried forward 469,808 469,808 |
Total funds 2025 £ 465,116 22,343 487,459 2,301,961 (1) 2,301,960 (1,814,501) (1,814,501) 2,222,944 408,443 |
|---|---|
The notes on pages 9 to 17 form part of these financial statements.
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Docusign Envelope ID: 68E57BFF-A7BB-85C9-8166-2491963F6ABA
THE FRANCIS WINHAM FOUNDATION
BALANCE SHEET AS AT 5 APRIL 2026
| 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 |
£ 143,341 (17,522) |
2026 £ 343,989 125,819 469,808 469,808 469,808 |
£ 139,392 (74,938) |
2025 £ 343,989 64,454 |
|---|---|---|---|---|
| 408,443 | ||||
| 408,443 | ||||
| 408,443 |
The financial statements were approved by the Trustees on 28-08-2026
and signed on their behalf, by:
................................................ Desmond Corcoran
The notes on pages 9 to 17 form part of these financial statements.
Page 8
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THE FRANCIS WINHAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026
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
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THE FRANCIS WINHAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026
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.
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Docusign Envelope ID: 68E57BFF-A7BB-85C9-8166-2491963F6ABA
THE FRANCIS WINHAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026
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 Unrestricted funds 2026 £ 2026 £ Investment income - dividends 348,934 348,934 Total 2025 465,116 465,116 |
Total funds 2025 £ 465,116 |
|---|---|
3. Analysis of grants
| Grants Total 2025 |
Grants to Institutions 2026 £ 188,219 2,200,316 |
Total 2026 £ 188,219 2,200,316 |
Total 2025 £ 2,200,316 |
|---|---|---|---|
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Docusign Envelope ID: 68E57BFF-A7BB-85C9-8166-2491963F6ABA
THE FRANCIS WINHAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026
| Grants payable | ||
|---|---|---|
| 2026 | 2025 | |
| £ | £ | |
| Age Concern | 20,000 | 45,000 |
| Age UK | 10,000 | 88,920 |
| Arts Depot | - | 1,120 |
| Asthma Relief Nebulisers | - | 7,000 |
| Barnet Homes | 5,250 | 5,000 |
| Berkshire Vision | - | 15,000 |
| Blackburn with Darwen Carers Service Ltd | - | 5,000 |
| Blesma The Limbless Veterans | - | 15,000 |
| Blind Veterans UK | - | 15,000 |
| Box of Basics | - | 5,000 |
| British Wireless for the Blind | 10,000 | 10,000 |
| BUDS | - | 5,000 |
| Cardiac Rehab | - | 5,000 |
| Care and Repair | 1,865 | 29,387 |
| Care for Veterans | - | 15,000 |
| Cares UK | - | 10,000 |
| Care Centre | 5,000 | - |
| Castle Point Social Car Scheme Ltd | - | 6,000 |
| Cats Protection | - | 5,000 |
| Cavell Nurses Trust | 15,000 | - |
| Centre for Sustainable Energy | - | 2,992 |
| Charity Link | - | 10,000 |
| Charles Young Centre for the Community | - | 5,000 |
| Citizen Advice | 1,800 | 9,400 |
| Community Resource | - | 15,000 |
| Community Works | - | 7,000 |
| Compaid Trust | - | 5,000 |
| Compton Care | - | 6,000 |
| Contact | - | 8,650 |
| Cornwater Evergreens | - | 10,000 |
| Croydon Neighbourhood Care | - | 6,000 |
| Deafblind UK | 5,000 | 5,000 |
| Dementia Adventure | - | 10,000 |
| Dementia Support | - | 5,000 |
| Dolphin Society | - | 10,000 |
| Douglas Macmillan Hospice | - | 5,000 |
| Dressability | - | 5,000 |
| Dudley Caribbean & Friends | - | 17,000 |
| Elswick (Blyth) All Arms Association | - | 5,000 |
| Environment Centre | 6,000 | 53,615 |
| Event Mobility | - | 10,000 |
| Ewhurst Baptist Church | 1,200 | - |
| Fareshare | - | 25,000 |
| Giving Hands | - | 15,000 |
| Groundwork East | - | 5,000 |
| Guide Dogs for the Blind | 10,000 | 10,000 |
| Guild Care | - | 5,000 |
| Hadleigh Grand Feoffment Charity | - | 10,000 |
| Hearing Dog for Deaf People | - | 5,000 |
| Heart of Kent Hospice | - | 5,000 |
| Henshaws | - | 5,000 |
Page 12
Docusign Envelope ID: 68E57BFF-A7BB-85C9-8166-2491963F6ABA
THE FRANCIS WINHAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026
| Holbeck Together | - | 5,000 |
|---|---|---|
| Hotline Meals Services (London) | - | 5,000 |
| Hourglass | - | 6,000 |
| Independence at Home | 20,000 | - |
| Jacksons Lane | 3,000 | - |
| Jewish Blind & Disabled | - | 4,780 |
| Jewish Care | 6,500 | - |
| Jewish Deaf Association | - | 3,000 |
| Kemp Hospice | - | 5,000 |
| Kew Neighbourhood Association | 1,680 | - |
| Mary Stevens Hospice | - | 15,000 |
| Mid Devon Mobility | - | 5,000 |
| More Music | - | 7,000 |
| Mount betten | - | 5,000 |
| Newport Cottage Care Centre | - | 10,000 |
| North London Hospice | - | 5,000 |
| North Norfolk Community Transport | - | 5,000 |
| Oakley Rural Day Centre | - | 3,360 |
| OPAL | 7,000 | - |
| Phyllis Tuckwell Hospice | - | 64,000 |
| Prince of Wales Hospice | - | 10,000 |
| Ralli Hall Lunch + Social Club | - | 5,000 |
| Reach Befriending | - | 5,000 |
| Respite Association | - | 15,000 |
| Rainbow Service Harlow | 5,000 | - |
| Rowleys Centre for the Community | 7,800 | - |
| Rotherham Hospice | - | 5,000 |
| Royal Air Force Benevolent Fund | 15,000 | 5,000 |
| Royal British Legion Industries | - | 10,000 |
| Royal Hospital | - | 1,000,000 |
| Royal Trinity Hospice | - | 5,000 |
| Serve | - | 10,000 |
| Springfield Community Flat | - | 7,500 |
| SSAFA | 10,000 | 13,000 |
| St Andrews Society for Ladies in Need | - | 30,000 |
| St Christopher's Hospice | - | 12,500 |
| St Clare Hospice | - | 5,000 |
| St Elizabeth Hospice | - | 7,000 |
| St Helena Hospice | - | 5,000 |
| St Josephs Hospice | - | 5,000 |
| St Katherine House Hospice | - | 94,840 |
| St Richards Hospice | - | 5,000 |
| St Wilfreds Hospice | - | 17,000 |
| Suffolk Community Foundation | - | 10,000 |
| Teeside Hospice | - | 5,000 |
| Thanet Trust | - | 5,000 |
| The Anchor Society | - | 20,000 |
| The Felix Project | - | 10,000 |
| The Grateful Society | - | 15,000 |
| The Helpful Bureau | - | 7,000 |
| The Kirkwood | - | 10,000 |
| The Over Day Centre Association | - | 10,000 |
| The Renewal Trust | - | 7,000 |
| Time to Talk Befriending | - | 6,000 |
| Twilight Kindness | - | 10,000 |
| Unite Carers in Mid-Devon | 15,000 | - |
| Wainman | - | 10,000 |
Page 13
Docusign Envelope ID: 68E57BFF-A7BB-85C9-8166-2491963F6ABA
THE FRANCIS WINHAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026
| We Care & Repair Whitby Scarborough & Ryedale DAG Wiltshire Community Foundation Young at Heart Other donations less than £5,000 Total |
2,819 - - 1,250 2,055 188,219 |
11,072 5,000 15,000 1,680 39,500 |
|---|---|---|
| 2,200,316 |
4. Governance costs
| Unrestricted | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2026 | 2026 | 2025 | |
| £ | £ | £ | |
| Governance Auditors' non audit costs | 14,400 | 14,400 | 14,400 |
5. Analysis of Expenditure by expenditure type
| Donations Salaries National Insurance Stationery Bank Charges Professional Fees Charitable activities Expenditure on governance Total 2025 |
Staff costs Other costs 2026 £ 2026 £ - 188,219 81,250 - 936 - - 649 - 850 - 1,390 82,186 191,108 - 14,400 82,186 205,508 84,522 2,217,439 |
Total 2026 £ 188,219 81,250 936 649 850 1,390 273,294 14,400 287,694 2,301,961 |
Total 2025 £ 2,200,316 79,769 4,753 627 755 1,341 2,287,561 |
|---|---|---|---|
| 14,400 2,301,961 |
|||
6. Net income/(expenditure)
During the year, no Trustees received any remuneration (2025 - £NIL). During the year, no Trustees received any benefits in kind (2025 - £NIL). During the year, no Trustees received any reimbursement of expenses (2025 - £NIL).
7. Auditors' remuneration
The Independent Examiner's remuneration amounts to an Independent Examination fee of £9,600 (2025 - £9,600), and accountancy services of £5,550 (2025 - £4,800).
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Docusign Envelope ID: 68E57BFF-A7BB-85C9-8166-2491963F6ABA
THE FRANCIS WINHAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026
8. Staff costs
Staff costs were as follows:
| Wages and salaries Social security costs |
2026 £ 81,250 936 82,186 |
2025 £ 79,769 4,753 |
|---|---|---|
| 84,522 |
The average number of persons employed by the charity during the year was as follows:
| 2026 | 2025 | |
|---|---|---|
| No. | No. | |
| 1 | 1 | |
| The number of higher paid employees was: | ||
| 2026 | 2025 | |
| No. | No. | |
| In the band £70,001 - £80,000 | 0 | 1 |
| In the band £80,001 - £90,000 | 1 | 0 |
9. Fixed asset investments
| Market value At 6 April 2025 and 5 April 2026 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 |
2026 £ 343,989 2026 £ 17,522 |
Unlisted securities £ 343,989 |
|---|---|---|
| 2025 £ 343,989 |
||
| 2025 £ 74,938 |
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THE FRANCIS WINHAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026
11. Statement of funds
Statement of funds - current year
| Balance at 6 April 2025 £ Unrestricted funds General funds - all funds 4,139,953 Other general funds (3,731,510) 408,443 Statement of funds - prior year Balance at 6 April 2024 £ General funds - all funds 4,139,953 Total of funds 4,139,953 Summary of funds - current year Balance at 6 April 2025 £ General funds 408,443 Summary of funds - prior year Balance at 6 April 2024 £ General funds 4,139,953 |
Income Expenditure Balance at 5 April 2026 £ £ £ - - 4,139,953 349,059 (287,694) (3,670,145) 349,059 (287,694) 469,808 Income Expenditure Balance at 5 April 2025 £ £ £ - - 4,139,953 - - 4,139,953 Income Expenditur e Balance at 5 April 2026 £ £ £ 349,059 (287,694) 469,808 Income Expenditure Balance at 5 April 2025 £ £ £ - - 4,139,953 |
|---|---|
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THE FRANCIS WINHAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026
12. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Analysis of net assets between funds - current year | ||
|---|---|---|
| Unrestricted Unrestricted |
||
| funds | funds | |
| 2026 | 2026 | |
| £ | £ | |
| Fixed asset investments | 343,989 | 343,989 |
| Current assets | 143,341 | 143,341 |
| Creditors due within one year | (17,522) | (17,522) |
| 469,808 | 469,808 | |
| Analysis of net assets between funds - prior year | ||
| Unrestricted Unrestricted |
||
| funds | funds | |
| 2025 | 2025 | |
| £ | £ | |
| Fixed asset investments | 343,990 | 343,990 |
| Current assets | 139,392 | 139,392 |
| Creditors due within one year | (74,939) | (74,939) |
| 408,443 | 408,443 |
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 2026 and 5th April 2025. The investment income comprised £116,279 (2025: £465,116) from F.W.E.P Limited and £232,655 (2025: £Nil) from Francine Trust Limited. There were no amounts outstanding at 5th April in respect of any of the related parties.
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