(IIARIIY k (OMM￿s Trustees. Annual Report for the period Period start dale 01 04 Period end dale 31 03 2023 ' 2024 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 prlncipal address University of Portsmouth University House, Winston Churchill Avenue PORTSMOUTH Postcode P012UP Names of the charity trustees who manage the charty Dates act&d If rtot for whole ar Trustee name Office lif any) Name of pèrson lor body) entitled toa oint trustee If an Graham Galbraith Andrew Green Katy Quinn Liz Robinson 10 12 13 14 16 18 19 20 Names of the trustees for the charity, if any, (for example, any custodian trustees) Name Dates acted if not for whole ear TAR March 2012 Names and addresses of advisers (Optlonal Informatlon} e of adviser Name Address Name of chief executive or names of senior staff members (Optional information) Section B Structure, overnance and mana ement Description of the charity's trusts Trust Deed Type of governing document How the charity is constituted Trust 11 LJS.. dS>VLldL11111. Lulllvdl Trustee selection methods Ex-officio or appointed Ify •VIJVll IlfLI 5Jl.. L Additional governance issues (Optional information) Trustees are appointed at meetings of the tnjstees. Trust8es are the principals of colleges in Portsmouth ar8a, the Vice Chancellor of the University of Portsmouth, and a nominee of Portsmouth City Council {who are presently unable to replace their trustee due to related post being vacanll. You may choose to include additional information. where relevant. about.. licies and procedures adopted for the induction and training of trustees., the charity's organisalional 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 Ob ectives 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 The Trust supports investments and equipment purchases made by FE colleges and the University of Portsmouth, with the aim of giving maximurn benefit for disabled students. The Trust also responds to individual needs of students through grant applications. The Trustees have had due regard lo 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 benefiti Additional detalls of objectives and activities {Optional infom)ationl Grants are given to instilulions, so that there is more potential of benefiting a greater number of disabled students, and more opportunity to support larger projects, whilst ènabling responses to be made to Individual applications. You may choose lo include further statements, where relevant, about= policy on grantmaking., policy programme related inveslmenl., contribution made by volunteers. TAR March 2012 Section D Achievements and performance A distribution of £5.000 each was given to four institutions to use for the benefit of disabled students. Summary of tho main achievements of the charity during the year TAR March 2012 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} Approximately £734,000 is invested in Fixed Interest and Ethical Investment Funds as at 31 March 2024. The investment policy applied to the latter Fund includes restrictions in the following areas: Fossil fuel extraction Armaments Tobacco Alcohol Adult 6ntert8inment Gambling Animal testing of cosmetics You may choose lo 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 inveslmenl policy adopted. The funds are open lo investment risks of a downturn in the equity market, however the intended investment strategy for Ihe 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 Slgnature{s) Full name{s} Posltlon (eg Secretary, Chair, etcl Professor Graham Galbraith CBE Chair Date 2f-LJi TAR March 2012 CHARITY COMMISSION FOR ENGLAND AND WALES The Francia Trust for Disabled Students 288455 Receipts and payments accounts CC16a For the period from To 0110412023 3110312024 Section A Receipts and payments Unrestricted fund$ to the nearest Restricted funds Endowment funds Total funds Last year to the nearest£ to the nearest£ to the nearesi £ to tho n8ar&st£ A1 R¢¢eipt$ Income from Cash BaEances Dividends from E4thti&8 Increase in Value of Investrnents 2,039 19,491 57,700 2,039 19,491 57,700 694 20.141 Sub total(Gmss income for ARJ 79,230 79,230 20,835 A2 Asset and investment sales. (see tablg). Sub total Total rgCfjiPtS 79.230 79.230 20,83S A3Pa ments AllO￿tiOnS lo Educ9t￿n￿l 1n5titul￿ns Decr8ase In Valu8 of Inv881m8nts 20,000 20,000 20.000 37,212 Sub total 20,1100 20.000 57,212 A4 Asset and investment purchasos, Isaa table) Sub total Total payments 20,000 20.000 57,212 N•t of rn¢•ipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end 59.230 59.230 136,377 710,992 770,222 710,992 770,222 747,369 710,992 Section B Statement of assets and liabilities at the end of the period Unrostrictod funds to noarost £ Restrict&d funds Endowm&nt funds Categories Details to n8aro8t £ to nearest£ B1 Cash funds EqutylF￿ed Inl8r8$1 Funds at Value 770,222 CCXX R1 accounts ISSI Total cash funds 770.222 18gre& bala[teS￿71h [￿lpt5 and paym$n Unrestricted funds to nearest £ Restricted funds to nearest £ Endowment funds to nearest£ Details Fund to whlch asset belon urrent val￿0 lonal Details C05t loptlonall Fund to which asset belon Current Value tional Details Cost loptionall B4 Assets retained for the charity's own use Fund to whlch relates Amount due Whon duo ional Details B5 Llabllltles Signed by one or two Iruslees on behalf of all the trustees Signature Print Name Date of roval Professor Graham Galbraith CBE 2c-01-25 CCXX R2 accounts ISSI **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** **Report to the trustees/** Charity Name The Francia’s Trust for Disabled Students **members of** **On accounts for the year** 31[st] March 2024 **Charity no** 288455 **ended (if any) Set out on pages** 1 and 2 (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/ 03 /2024. - **Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect 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. **Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records I have no concerns 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 the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ **Date:** 29/01/2025 **Signed: Name:** Rob Thrower **Relevant professional** FCCA **qualification(s) or body (if any): Address:** University of Portsmouth, Mercantile House, Hampshire Terrace Portsmouth PO1 2EG 1 **October 2018** **IER** **Section B Disclosure** Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . 2 **October 2018** **IER**