THE FRANCISCAN AID FUND ACCOUNTS FOR THE YEAR ENDED 30 SEFfEMBER 2022 CHARITY NO 285413 BALME. KITCHb..N AND PEARCE LTD CHARTERF.D ACCOUNTAKrs 25 LEMON STREET TRURO CORNW ALL TRI ?LS
THE FRANCISCAN A TD FUND CHARITY NO 285413 CON"I"ENTS Page No Independent Examiners Report to the Tnlstees Trustees Report Receipts and PayTTrents Account Balance Sheet 2and3 Not¢s to the Accounts
PAGE I THE FRANCISCAN AID FIJND CHARITY NO 285413 INDI.PENDENT EXALMINER'S REPORT TO THE TRUSTF.ES OF THE TrRANCISCAN AID FUND I report on the accounts of the Charity for the vear ended 30 September 2022 which are set out on pages 2 to 6. Respeetive responsibilities of trustees and euminer The charitv's trustees c()nsider that an audit is not required forthis year in ac¢ordan¢e with the Charities Act 2011 (the Act) and that an indeFtndent exaInination is needed. It is my responsibility to: _ Examine the accounts (under section 145 of the aci as amended); To follow the predUS latd doivn in the Get)eral DIrtionS given by the Charity COmlSsion (under seclion 145(5)(b) of the act as alnended)" and To state whether particular matters have come to my attention Basis of Independent exarntners report My examination was carried out in accordance with General Directions gtvcn bv the Charity Commission. An examination includes a review of the ac£ounting COrdS kept b! the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual irems or dis¢losures in the accounts and seeking explanations from the trustees concerning any such matters. The pr(Kedures undertaken do not provide all the evidence that would be require in an audi¢ and consequendv I do not express an audit opinion on the accounts. Independent Examiners Statement In the coursc of Eny cxamination, no matter has come to my atteniion Which gives me reasonable cause to believe ihat in, any malerial respecL the trustees haie not met the requirements to ensure that: Proper accounting Tccords are kept (in accordance with section 130 of the Act)" and Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the ACL 2) To which in my opinion, attention should be drnwn in order to enable a proper ' undetstaJ]ding of the acciiunls to reached. T J Dawson FCA Balme, Kitchen & Pearce Ltd Chartered Accountants 25 Lemon Street TRURO Cornwall TRI 2LS
PAGE 2 THE FRANCISC.AN AID Ftm) CHARrrY NTO 285413 TRUSTEES REPORT The Franciscan Aid Fund is a registered charity No 285413. Its address is at 48 Queen Alexandra Road, Bcdford. MK419SL. The Qharity Trusiees dwing the year to 30 Septemt¢r 2022 weTe: _ C. Ugbo A Alexander A Lindley Kaoukji G Buckler (wef 8.11.2021) B Heil'itt J Holden I, Smith W Mitchell H Mossop J Thomas Chairn]an SecretaTh" TTe&surer (10 31.1.2022) Treasurer (from 1.2.2022) (to I1.7.20?2) (to I1.7.2022) (to 23.9.2022) (wef8.11.2021) (wef I1.7.2022) Governin Document The Frgnciscan Aid Fund is COTJStituted by a Iked of Trust dated 13 Aug 1982 as amended by Order of10 April 2006 and by Re501ution on 13 June 2006. How Our Activities Deliver Public Benefit Our main activities and who we ty to help are deScrid below. The main area of charitable work is to give grants to individua]s organisations to relieve poverty and advance education, primarily in the wor]d's poorest countries. The object of the Charity is to relieve vety and advance edwat10 primarily in the world"'s poorest countries. Review of the During the year the Charity's gross receipts for 2022 'ere £64:777 (2021- £55.736), the charity has made grdnts of £75,38) (2021- £97.074) The total payments for the year of £77238 {2021- £98,5J5) resulted in a defictt of £12,462 (2021 - deficit £4?,779). This deficit is accounted for by the fact that wc have Ien able to make generous grants out of bequests totalling £108,158 received during the year to 30 SeptemEer 2020. Reserves Polic The level of reserves considered appropriate is £25.IK)O.
THE FRANCISCAN, AID FUND CHARITY NO ?85413 TRUSTEES REPORT Risk Mana ement The trustees have a risk management Strategy which comprises an annual review to discuss those risks identified and plan procedures to minitlli5e any tx)tential impact on the charity should those risks materia]ise. Trustee Induction and Trainin Neiv Trustees are brtefed on their legal oblig&ions under chariti, law, the CharÉty Committee guidance on public knefiL ihe decision-making presseS and the recent financial perfonnance of tbe ¢harAty. Trustees are er2¢ouraged to pursue training opportuniti&s where these will facilitate the undertaking of their role. Trustees Selection The trustees are appointed each year at the AT]nual General Meetin& C Ugly)
PAGE 4 THE FRAN'CISCAN AID FUND CHAIUTY NO ?8541) RECEIPTS AND PAYMEKfs FOR THE YEAR TO 30 SEPTEMBER 2022 NOTE. 2022 2021 RECEIPTS Donations Gift aid rebate Interest Bequests Sale of book"Franciscan Chartsm" TOTA INCOME 47,474 8.430 181 8,631 61 64,777 49,926 5,783 27 55,736 PAYMENTS Charitable Exp*nditure'. - Grants payable Administration Costs Bank Charges TOTAL EXPENDITURE SURPLUS DEFICI FOR THE YEAR 75.383 1.443 412 97,074 1,044 417 77.238 112,4611 98,535 {42,7991 FUND BALANCES BROUGHT FORWARD FUND BALANCES CARRIED FORWARD 108.685 £96.224 151,484 £108,685
PAGF. 5 THE FRANCISCAN AID FtFND CIIAIUTY N'O 285413 BALANCE SIIEET AS AT JO SEPTEMBER 20L 2022 2021 CURRENT ASSETS Cash al Bank Deposit Account held by Board of Finan 68,931 27,293 96,224 81,573 27.112 108,685 CURRENT LIABILITIES Sundry Creditors NET CURRENT ASSETS 96.224 £108,685 REPRESENTED BY Unrestricted Funds £96.224 £108.685 TRUSTEES CERTIFICATE These accounts were approved by the trustees on 6 kJy2c23 and were signed on their behalf by: C UgEK) elJ4b.
PAGE 6 THF. IIRANCISCAN AID FUND CHARITY NO 285413 NOTES TO THE ACCourS FOR THE YEAR TO )0 SEPTEMBER 2022 ACCOtFNTING POLECIES General These accounts have been prepared under the re¢¢ipts and pavmeT]ts convention of the ChitIeS Act 2011. TRUSTF.b.S REMUNERATION AND EXPENSES No remuneration directly or indiredly out of the fi]nds of the charity w&8 paid or payable for ihe year to any trustee or to any known to be connected to them. A totsl of £187 was reimbursed to the tswtees. These payments were foT trdvel costs incurred in atte]]ding meetings and costs incurffd in administration. GRANfs PAYABLE 2022 2021 TO INSTITUTIONS 97.074 TO INDIVIDUALS £ £97,074