**Trustees' Annual Report for the period** Period start date Period end date **01 04 2021 31 03 2022 From To** ## Section A Reference and administration details **Charity name** The Francia’s Trust for Disabled Students **Other names charity is known by Registered charity number (if any)** 288455 **Charity's principal address** University of Portsmouth University House, Winston Churchill Avenue PORTSMOUTH **Postcode PO1 2UP** ## **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Graham Galbraith|||| ||Debbie Lavin|||| ||Andrew Green||Appointed 25/03/22|| ||Julia Katherine||Resigned 31/10/21|| ||Simon Barrable||Resigned 31/12/21|| ||Shelagh Legrave||Resigned 01/10/21|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** **TAR** March **2012** 1 **Names and addresses of advisers (Optional information) Type of adviser Name Address** ## **Name of chief executive or names of senior staff members (Optional information)** ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Trust Deed Type of governing document (eg. trust deed, constitution) Trust How the charity is constituted (eg. trust, association, company) Ex-officio or appointed Trustee selection methods (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** Trustees are appointed at meetings of the trustees. Trustees are the You **may choose** to include principals of colleges in Portsmouth area, the Vice Chancellor of the additional information, where University of Portsmouth, and a nominee of Portsmouth City Council. relevant, about: • policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. ## **Section C Objectives and activities** To benefit disabled persons and in particular disabled students. **Summary of the objects of the charity set out in its governing document** **TAR** March **2012** 2 The Trust supports investments and equipment purchases made by FE colleges and the University of Portsmouth, with the aim of giving maximum benefit for disabled students. The Trust also responds to individual needs of students through grant applications. The Trustees have had due regard to the Charity Commission’s public benefit guidance when exercising any duties to which the guidance is relevant. **Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)** ## **Additional details of objectives and activities (Optional information)** Grants are given to institutions, so that there is more potential of benefiting a greater number of disabled students, and more opportunity to support larger projects, whilst enabling responses to be made to individual applications. You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. **TAR** March **2012** 3 Section D Achievements and performance A distribution of £4,000 each was given to each institution to use on **Summary of the main** benefitting disabled students. **achievements of the charity during the year** **TAR** March **2012** 4 ## **Section E Financial review** Target base reserve is £350,000. **Brief statement of the charity’s policy on reserves** **Details of any funds materially in deficit** ## **Further financial review details (Optional information)** You **may choose** to include additional information, where relevant about: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - investment policy and objectives including any ethical investment policy adopted. Approximately £714,000 is invested in Fixed Interest and Ethical Investment Funds as at 31 March 2022. The investment policy applied to the latter Fund includes restrictions in the following areas: - Fossil fuel extraction - Armaments - Tobacco - Alcohol - Adult entertainment - Gambling - Animal testing of cosmetics The funds are open to investment risks of a downturn in the equity market, however the intended investment strategy for the portfolio is low risk. ## **Section F Other optional information** ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** **Full name(s)** Professor Graham Galbraith **Position (eg Secretary, Chair,** Chair **etc)** **Date** 16 December 2022 **TAR** March **2012** 5 CHARITY COMMISSION FOR ENGLAND AND WALES The Frnnela Twu8t for Dl&abled Students Receipts and payments accounts CC16a For the period To 01104f2021 3f103f2022 Section A Receipts and payments Unrestricted funds Restrlcted funds Endowment funds Total tund$ La$t y•ar lo th• DeaTrJt£ toth• n•JTr¥t£ toth? JwrF¥t£ tothè TWfOSt£ A1 Rec81 Income frotn Cash BaL4n￿8 Dividends from Equthes Increase in Value of Irweslrnenls 16 20.3$6 28.975 37 21.207 80.916 20.356 2B.975 ub total(Gross income for ARJ 41347 49.347 102.160 A2 Asset and Investment salos. (see table). Sub total 49.347 49.347 102.160 A3Pa ments Allocations lo Edutational 1n5litul￿nS 16.NO 18.1 20.000 Sub total ie.thjo 16.000 20.000 A4 Asset and Investment purchases, {$99 table} Sub total Total payments 16.000 18,QOO 20,000 Net of recgipts/(payments) AS Transfers between funds A6 Cash funds last year end Cash funds this year end 33,347 33.347 82,160 714,022 747.369 714,022 747,369 631,862 714,022 Section B Statement of assets and liabilities at the end of the period Unrestricted funds to nBar£st £ R05trlctsd funds to nparvst £ Endowmgnt funds to nearest £ Categorles Details B1 Cash funds EqutylFiryl FuTrJs at Vakje 747.369 CCXX R1 accLJunts ISSI Total cash fiinds 747.369 {agTeebakn￿￿th r￿pts and paymtnts awJunt(sll Unr8strtcted Restrl¢t8d funds funds to nearest £ Endowment funds to nearn¥t £ Detalls Fundto whlth assot bolon Detai15 Cost lopt10n￿l ¢urront valuo ional Fund to whi¢h a55gt bBlon C￿t loptionall Current value onal Details B4 Assets retained lor the charity's own use Fund to which liabi An￿￿Trt due iono When dup Iltsnal Detalls BS Liabilitios SvJned by one or trustees on bahalf 01811 the trustees Signature Print Name Dale of roval Graham Galbraith 1611212022 Paul Head CCXX R2 accounls {SSI CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Report to the trusteesl members of The Francia's Trust for Disabled Students On accounts for the year ended 31* March 2022 Charity no {rf any) 288455 Set out on pages 1and2 I report to the trustees on my examination of the accounts of above charrty (Ihe Trusf) for the y8ar ended 31103 12022. Responslbllities and As the charity trustees of the Trust. you are responsible for the preparation basis of report of the accounts in accordance with the raquirements of the Charities Act 2011 {Ihe Act-). I report in resped of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145{5}(b) of the Act. I have completed my examination. I confimi that no mal8rial matters have coma to my attention (other than that disclosed below ') in connection with the examination which gNes me cause to believe that in, any material res￿ct.. accounting records were not kept in accordance with section 130 of the Act or the aCt￿unts do not accord with the accounting records Independont examlner's statement I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of tho accounts to be reached. ' Please delete the words in the bTrckets rfthey do not 8ppIy. Signed: Nama: P+) UL C.J.rl. Rolavant professional qualification(s) or body (If any): )dkk a Address: £ SYKk' Poj IER October 2018