THE FRANCISCAN AID FUND ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2021 CHARITY NO 285413 BALMF.. KtTCHEN AND PEARCE LTD CHARTERED ACCOUNTANTS 25 LEMON STREET TRIJRO CORNWALL TR12 THE FRANCISCAN AID FUND CHARITY NO 285413 CONTEwrs Page No Independent Examiners Report to the Trustees Trustees Report Receipts and Payments Acwunt Balance Sheet 2and3 Notes to the Accounts PAGE I THE FRANCISCAN AID FUND CHARITY NO 285413 INDEPENDENT EXAMINF.R'S REPORT TO THE TRUSTEES OF THE FRANCISCAN AID FUND I report on the accounts of the Charity for the year ended 30 September 2021 which are set out on pages 2 to 6. Respective responsibiliti¢s of trustees and examiner The Gharity's trustees consider that an audit is not required for this year in a¢¢ordan¢¢ with the Charities Act 2011 (the Act) and that an inde[￿ent eX￿ni￿atiOn is needed. It is my reswnsibility to- _ Examine the a￿oUnts (under section 145 of the act as amended); To follow the procedur￿ laid down in the Generdl Direction5 given by tbe cFLaTity Commission (under section 145(5Kb) of the act as amended); and To state whether particular matter5 have come to my attention Basis of Independellt exatDiuers report My &xamination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of th¢ accounting ￿ordS kept by the ¢harity gnd a cOmp￿150n of the a¢eounts present￿ with tlM)se records. It also irEcludes consideration of any unusual item5 or disclosures in the accounts and seeking explaDatiODS from the trustees concerning any such matt￿. The procedures undertaken do not provide all the evidence tbat would require in an audil and consequently I do not express an audit opinion on the accounts. Independent Examiner5 Statemellt In the course of my exaTnination, no Jnatter has cMie to my attention Which gives me re&sonable cause to FElieve that any rnalerial re5pecL the trnllees have not met the requirements to ensure that Proper accounting records kept (in accordance with section 130 of the Act)- and Accounts are prepargj which agree with the accounting records and comply with the accounting rquirements of the Ac¢ 2) To which in w Opinio￿ attention should be drawo in order to enable a proper unde ng of the ￿COUnts to be reachal. T J Dawson FCA Balme, Kit¢hen & Pearce Ltd Chartered Accountants 25 Lemon Street TRURO Corn￿711 TRI 2LS PAGE 2 THE FRANCISCAN AID FUND CHARITY NO 285413 TRUSTEES REPORT The Frdnciscan Aid Fund is a registered clwity No 285413. Its address is at 48 Queen Alexandrn Road, Bedford. MK419SE. The Charity TTUStees during the year to 30Septanber 2021 were: _ R Milton-Daws C Ugbo A A]exander A Lindley Kaoukji B Flewitt (wef1611 Ir2020) J Holden (wef12J0712021) Miss L Smith W Mitchell Chaimian (to 1611012020) Chaimian (wef1611012020) Secretary {wef1010212020) Treasurer Governin Document The Frdnciscan Aid Fund is c4)￿￿1tUted by a Da of Tn￿t datsj 12 August 1982 &8 amended by Order of10 April 20[￿ and by R&501ution on 13 June 21x16. How Our Activities Deliver Public Benefrt Our main activities and who we ty to help are des¢rikd below. The main area of charitable woR* is to giv¢ grants to iThJividu8ls and organisations to Trlieve poverty and advance education. primarily in the world's poorest countries. The object of th¢ Charity is to ffli¢v¢ povffj and advance ￿uCatIo￿ primarily in the world's orest countries. Review of tbe During the year the Charity gross re¢eipts for 2021 were £55,736 (2020 - £163,416), the charity h&s made grants of £97,074 (2020- £74.330) The total paymcnts for the year of £9&535 (2020 - £77.628) tesulted in a dcficit of £41799 {2020 - surplus £85,788). This deficit is accounted for by the fact that in the Y￿ to )0 September 2021 we re¢eiv¢d no bquesls at all. whereas Én the previous year we had receiv&J bwuests totalliDg £108.158. Reserves Poli The level of reserves considered appr￿ate is £25.(MMI. PAGE 3 THE FRANCISCAfv' AID FUND CHARITY NO 285413 TRUSTEES REPORT Riskman ement The trustees have a risk management Strate￿ whith COTnprises an annual review to dis¢uss those risks id¢])tiFied and plan procedures to minimise any p)tential impact on the charity should those risks mafrrialise. Trustee Induction and Trainin New Twstees a￿ briefed on theiT legal obligation5 unthr chartty law. the Clwity Committee guidance on public benefil the decision-making processes and the recent fmancia] perfonnance of the charity. Trustees are ￿￿llTaged to attend appropriate external trdiDing events where these will facilitate the undertaking of thcir role. Trustecs Selection The trustees are appinted each y¢aT at the Annu81 Ge￿al M￿ing. Signed on ts. 12Di&on behalf of the tr￿tees. C Ugbo PAGE 4 THE FRANCISCAN AID FUND C.HARITY NO 285413 RECEIPTS AND PAYMENTS FOR THE YEAR TO 30 SEPTEMBER 2021 NOTE 2021 2020 RECEIPTS Donations Gift aid rebate Interest Bequests 49,926 5,783 27 49,428 5,680 150 108,158 TOTAL INCOME 55.736 163,416 PAymE￿s Charrtable Expenditure." - Grants payable Administration C(ksts Bank Charges TOTAL EXPENDITURE SURPLUS DEFicrr FOR THE YEAR 97,074 74,330 417 452 71,628 85.788 (42.799) FUND BALANCES BRouGF￿ FORWARD ND BAIANCE CARRIED FORWAR 151.484 65,6 PAGE 5 THE FRANCISCAN AID FLFND CHARITY NO ?85413 ANCE SHE T AS AT 30 SEPTEMBER 20?1 2021 2020 CURRENT ASSETS Cash at Bank Deposit Account hdd by Board of Finar 81,573 27,112 108,685 124,399 27,085 151.484 RRENT LIABILITIES Sundry Creditors NET CURRENT ASSETS £108.68S £151,484 REPRESENTED BY Unrestricted Funds £108,685 £151 A84 TRUSTEES CERTIFICATE These accounts were approved by the trustees on and were signed on their behalf by: PAGE 6 THE FRANCISCLN AID FUND CHARITY NO 285413 NOTES TO THE AccouNfs FOR THE YEAR TO 30 SEPTEMBE 2021 ACCOUNrtNG POLICIES These accounts have been prepared under the r￿eipts and payments convention of the Charities Act 2011. TRUSTEES REMtrNEIiATION AND EXPENSES No remuneration directly or indirecdy out of the fimds of th¢ charity was paid or payable for the year to any tEWtee or to any person knowl to be connected to them. A totsl of £360 was TeiTnbursed to the trustees. These ￿Yrnents wtre for trdvel costs incurred in attending meetings and costs incurred in thiinistrntion. GRANTS PAYABLE 2021 2￿20 TO INsT￿uTIoNs 97,074 74.330 TO INDIVIDUALS £97.074 £74.330