THE F.A.F. CHARITABLE TRUST
Annual Report and Financial Statements Year ended 30 June 2025
FAF Charitable Trust 24-25
The F.A.F Charitable Trust
Registered Charity No: 326137
TRUSTEES
M J Ferraro JM Morgan
REGISTERED ADDRESS Hare Park House Yelverton Business Park Yelverton Devon PL20 7LS
INDEPENDENT EXAMINER Thomas Orchard FCMA
ee
The F.A.F Charitable Trust
Registered Charity No: 326137
TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2025
The Trustees present their report together with the financial statements of the Trust for the year ended 30 June 2025. The financial statements have been prepared in accordance with the accounting policies set out in note | to the financial statements and comply with the trust deed, applicable law and the requirements of the Statement of Recommended Practice (FRSSE), ‘Accounting and Reporting by Charities’ issued by the Charities Commission and effective from 1 January 2015.
HISTORY, OBJECTIVES AND ACTIVITIES OF THE TRUST
The Trust was established by deed dated 7 May 1982 for the benefit and furtherance of such charitable purposes, charitable institutions or charitable foundations in England and Wales as the Trustees may from time to time in their discretion determine.
MANAGEMENT AND GOVERNANCE ARRANGEMENTS
The Trust is based in the United Kingdom at the registered office shown on page |. The Trustees who served during the year are shown on page 1.
The Trustees conduct a risk assessment annually to review the major risks faced by the trust and to ensure they have a sound knowledge of the charity and are in an informed position regarding its operations.
PROCEDURES AND POLICY FOR GRANT MAKING
The Trustees meet on a regular basis to decide on charitable donations to appropriate recipients.
ACHIEVEMENTS AND PERFORMANCE OF THE TRUST
During the year the Trust has been able to continue its support and this is set out in note 2 to the financial statements.
FINANCIAL REVIEW, INVESTMENTS POLICY AND RESERVES
The Trust made donations of £15,835 during the year.
The funds of the charity have increased by £50,980, with a surplus of incoming resources of £37,401 and an unrealised increase of £13,579 in the value of the Trust’s investments.
Investments held by the trust are managed professionally and day to day management of the trust’s investment is delegated by the trustees to the manager. A statement of investment principles has been produced and is available on request from the trustees at the address shown on page 1 of the report.
Interest and investment income are credited quarterly without deduction of tax and are retained in the account.
FUTURE PLANS
The Trustees intend to continue providing grants in a similar way by building on the current emphasis to carry out the original object of the Trust.
2
The F.A.F Charitable Trust
Registered Charity No: 326137
STATEMENT OF TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charity’s trustees are responsible for preparing the annual report and financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Charity law requires the Trustees to prepare financial statements which give a true and fair view of the state of affairs of the charity at the end of the financial year and of the incoming resources and application of resources of the charity for the financial year.
In so doing, the Trustees are required to:
-
: select suitable accounting policies and then apply them consistently;
-
make judgements and 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 business.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with relevant legislation. The Trustees 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.
The Trustees confirm that so far as they are aware there is no relevant information of which the charity’s independent examiner is unaware. They have taken all the steps that they should have taken as Trustees in order to make themselves aware of any relevant information and to establish that the charity’s independent examiner is aware of that information.
Approved by the Trustees
==> picture [144 x 29] intentionally omitted <==
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Vedar p randTo Termemn
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Michael Ferraro
March 2026
3
The F.A.F Charitable Trust
Registered Charity No: 326137
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE F.A.F CHARITABLE TRUST
I report on the accounts of the Trust for the year ended 30 June 2025 which are set out on pages 5 to 8.
Respective responsibilities of the Trustees and Examiner
As described in page 3, the Trustees are responsible for the preparation of the accounts who consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of the procedures specified in the General Directions given by the Charity Commissioners under section 43(7) (b) of the Act, whether particular matters have come to my attention.
Basis of Independent Examiner’s Report
My examination was carried out in accordance with the General Direction given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently 1 do not express an audit opinion on the accounts. My report is made solely to the Trustees for the purpose of the statement made below. To the fullest extent permitted by law I do not accept or assume responsibility to anyone other than the Trustees for my work for this report or the opinions | have formed.
Independent Examiner’s Statement
In connection with my examination no matter has come to my attention:
-
which gives me reasonable cause to believe that, in any material respect, the Trustees have not met the requirements to ensure that:
-
© proper accounting records have been kept (in accordance with section 41 of the Act); and
-
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; and
-
to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
Thomas Orchard FCMA Windy Ridge Midella Road Yelverton PL29 6AU
March 2026
4
The F.A.F Charitable Trust
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 June 2025
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||||||||||
|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Notes|£|£|
|INCOMING|RESOURCES|
|Donations|Received|42,048|19,600|
|Interest|and|Investment|Income|
|Investment|Income|11,187|7,695|
|Bank|Interest|0|6|
|Investment|Income|11,187|7,701|
|TOTAL INCOMING RESOURCES|53,235|27,301|
|RESOURCES|EXPENDED|
|Charitable|Activities|15,835|12,875|
|Investment|0|34,000|
|TOTAL RESOURCES EXPENDED|15,835|46,875|
|NET INCOMINGAOUTGOING) RESOURCES FOR THE YEAR|37,401|(19,574)|
|OTHER|RECOGNISED|GAINS|
|(Loss)/gain|on|investment|assets|13,579|25,839|
|Investment|0|34,000|
|Accrued|Donations|
|Total|funds|brought|forward|at|1|July|372,273|332,008|
|TOTAL|FUNDS CARRIED|FORWARD AT 30 JUNE|423,253|372,273|
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5
The F.A.F Charitable Trust
BALANCE SHEET
As at 30 June 2025
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||||||
|---|---|---|---|---|
|2025|2024|
|£|£|
|CURRENT ASSETS|
|Other|Investments|384,192|370,613|
|Bank|current|accounts|39,062|4,835|
|423,253|375,448|
|NET CURRENT ASSETS|423,253|375,448|
|TOTAL ASSETS|LESS CURRENT LIABILITIES|423,253|375,448|
|PROVISION FOR DONATIONS FALLING DUE WITHIN ONE YEAR|0|(3,175)|
|423,253|372,273|
|FUNDS|
|Unrestricted|Funds|
|Accumulated|Funds|329,061|291,660|
|Revaluation|Reserve|94,192|80,613|
|TOTAL CHARITY|FUNDS|423,253|372,273|
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Approved by the trustees and signed on their behalf by:
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[Tegal —_—T. an(mo Trustee
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March 2026
6
The F.A.F Charitable Trust
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. PRINCIPAL ACCOUNTING POLICIES
ACCOUNTING CONVENTION
The accounts have been prepared under the historical cost convention. They have been prepared in accordance with the financial reporting standard for small entities (effective January 2015). In preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice — Accounting and Reporting by Charities (FRSSE) effective from January 2015.
The principal accounting policies adopted in the preparation of the financial statements are as follows:
Incoming Resources
Income is recognised in the period in which the Trust is entitled to receipt and the amounts can be measured with reasonable certainty.
Resources Expended
All expenditure is accounted for on an accruals basis. Governance costs represent costs incurred attributable to the management of the charity’s assets, organisation, administration and compliance with the constitutional and statutory requirements.
Fund accounting
Funds held by the charity are unrestricted and can be used in accordance with the charitable objects at the discretion of the Trustees.
Investments
Current asset cash equivalent investments are valued at their market value at the reporting date. Any gains/(losses) are credited/(charged) to the Revaluation Reserve.
7
The F.A.F Charitable Trust
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
- CHARITABLE ACTIVITIES
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Alzheimer’s Disease Society | 1,150 | 870 |
| Bolton Hospice | 165 | 0 |
| Catholic Children’s Society | 1,200 | 910 |
| The Chestnut Appeal | 105 | 0 |
| Deafblind | 300 | 230 |
| Francis House Family Trust | 1,250 | 0 |
| Francis House Family TrustFA | 72 | 0 |
| Hospice ofSt Francis | 1,200 | 910 |
| Jeremiah’s Journey | 300 | 230 |
| Macmillan Cancer Relief | 900 | 680 |
| Medical Detection Dogs | 800 | 652 |
| MotorNeurone Disease Association | 1,150 | 870 |
| Orchard Vale Trust | 600 | 450 |
| Oxford Radcliffe Hospital Charitable Trust | 700 | 530 |
| Parkinsons Disease | 1250 | 0 |
| Pancreatic CancerUK | 500 | 378 |
| ProstateCancer Society | 300 | 230 |
| Step One (St Loyes College) | 900 | 680 |
| Sue Ryder Foundation | 900 | 680 |
| Workaid | 1,150 | 870 |
| Whizz Kids | 700 | 530 |
| StLukes Hospice | 243 | 1,250 |
| Plymouth Hospitals NICU | 1,250 | |
| Prostate CancerUK | 500 | |
| Marie Curie | 25 | |
| Alzheimer’s Society | 150 | |
| 15,835. | «12,875 |
No Trustee has received any remuneration for the year.
8
THE F.A.F. CHARITABLE TRUST
Annual Report and Financial Statements Year ended 30 June 2025
FAF Charitable Trust 24-25
The F.A.F Charitable Trust
Registered Charity No: 326137
TRUSTEES
M J Ferraro JM Morgan
REGISTERED ADDRESS Hare Park House Yelverton Business Park Yelverton Devon PL20 7LS
INDEPENDENT EXAMINER Thomas Orchard FCMA
ee
The F.A.F Charitable Trust
Registered Charity No: 326137
TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2025
The Trustees present their report together with the financial statements of the Trust for the year ended 30 June 2025. The financial statements have been prepared in accordance with the accounting policies set out in note | to the financial statements and comply with the trust deed, applicable law and the requirements of the Statement of Recommended Practice (FRSSE), ‘Accounting and Reporting by Charities’ issued by the Charities Commission and effective from 1 January 2015.
HISTORY, OBJECTIVES AND ACTIVITIES OF THE TRUST
The Trust was established by deed dated 7 May 1982 for the benefit and furtherance of such charitable purposes, charitable institutions or charitable foundations in England and Wales as the Trustees may from time to time in their discretion determine.
MANAGEMENT AND GOVERNANCE ARRANGEMENTS
The Trust is based in the United Kingdom at the registered office shown on page |. The Trustees who served during the year are shown on page 1.
The Trustees conduct a risk assessment annually to review the major risks faced by the trust and to ensure they have a sound knowledge of the charity and are in an informed position regarding its operations.
PROCEDURES AND POLICY FOR GRANT MAKING
The Trustees meet on a regular basis to decide on charitable donations to appropriate recipients.
ACHIEVEMENTS AND PERFORMANCE OF THE TRUST
During the year the Trust has been able to continue its support and this is set out in note 2 to the financial statements.
FINANCIAL REVIEW, INVESTMENTS POLICY AND RESERVES
The Trust made donations of £15,835 during the year.
The funds of the charity have increased by £50,980, with a surplus of incoming resources of £37,401 and an unrealised increase of £13,579 in the value of the Trust’s investments.
Investments held by the trust are managed professionally and day to day management of the trust’s investment is delegated by the trustees to the manager. A statement of investment principles has been produced and is available on request from the trustees at the address shown on page 1 of the report.
Interest and investment income are credited quarterly without deduction of tax and are retained in the account.
FUTURE PLANS
The Trustees intend to continue providing grants in a similar way by building on the current emphasis to carry out the original object of the Trust.
2
The F.A.F Charitable Trust
Registered Charity No: 326137
STATEMENT OF TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charity’s trustees are responsible for preparing the annual report and financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Charity law requires the Trustees to prepare financial statements which give a true and fair view of the state of affairs of the charity at the end of the financial year and of the incoming resources and application of resources of the charity for the financial year.
In so doing, the Trustees are required to:
-
: select suitable accounting policies and then apply them consistently;
-
make judgements and 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 business.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with relevant legislation. The Trustees 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.
The Trustees confirm that so far as they are aware there is no relevant information of which the charity’s independent examiner is unaware. They have taken all the steps that they should have taken as Trustees in order to make themselves aware of any relevant information and to establish that the charity’s independent examiner is aware of that information.
Approved by the Trustees
==> picture [144 x 29] intentionally omitted <==
----- Start of picture text -----
Vedar p randTo Termemn
----- End of picture text -----
Michael Ferraro
March 2026
3
The F.A.F Charitable Trust
Registered Charity No: 326137
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE F.A.F CHARITABLE TRUST
I report on the accounts of the Trust for the year ended 30 June 2025 which are set out on pages 5 to 8.
Respective responsibilities of the Trustees and Examiner
As described in page 3, the Trustees are responsible for the preparation of the accounts who consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of the procedures specified in the General Directions given by the Charity Commissioners under section 43(7) (b) of the Act, whether particular matters have come to my attention.
Basis of Independent Examiner’s Report
My examination was carried out in accordance with the General Direction given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently 1 do not express an audit opinion on the accounts. My report is made solely to the Trustees for the purpose of the statement made below. To the fullest extent permitted by law I do not accept or assume responsibility to anyone other than the Trustees for my work for this report or the opinions | have formed.
Independent Examiner’s Statement
In connection with my examination no matter has come to my attention:
-
which gives me reasonable cause to believe that, in any material respect, the Trustees have not met the requirements to ensure that:
-
© proper accounting records have been kept (in accordance with section 41 of the Act); and
-
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; and
-
to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
Thomas Orchard FCMA Windy Ridge Midella Road Yelverton PL29 6AU
March 2026
4
The F.A.F Charitable Trust
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 June 2025
==> picture [415 x 370] intentionally omitted <==
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Notes|£|£|
|INCOMING|RESOURCES|
|Donations|Received|42,048|19,600|
|Interest|and|Investment|Income|
|Investment|Income|11,187|7,695|
|Bank|Interest|0|6|
|Investment|Income|11,187|7,701|
|TOTAL INCOMING RESOURCES|53,235|27,301|
|RESOURCES|EXPENDED|
|Charitable|Activities|15,835|12,875|
|Investment|0|34,000|
|TOTAL RESOURCES EXPENDED|15,835|46,875|
|NET INCOMINGAOUTGOING) RESOURCES FOR THE YEAR|37,401|(19,574)|
|OTHER|RECOGNISED|GAINS|
|(Loss)/gain|on|investment|assets|13,579|25,839|
|Investment|0|34,000|
|Accrued|Donations|
|Total|funds|brought|forward|at|1|July|372,273|332,008|
|TOTAL|FUNDS CARRIED|FORWARD AT 30 JUNE|423,253|372,273|
----- End of picture text -----
5
The F.A.F Charitable Trust
BALANCE SHEET
As at 30 June 2025
==> picture [416 x 236] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|2025|2024|
|£|£|
|CURRENT ASSETS|
|Other|Investments|384,192|370,613|
|Bank|current|accounts|39,062|4,835|
|423,253|375,448|
|NET CURRENT ASSETS|423,253|375,448|
|TOTAL ASSETS|LESS CURRENT LIABILITIES|423,253|375,448|
|PROVISION FOR DONATIONS FALLING DUE WITHIN ONE YEAR|0|(3,175)|
|423,253|372,273|
|FUNDS|
|Unrestricted|Funds|
|Accumulated|Funds|329,061|291,660|
|Revaluation|Reserve|94,192|80,613|
|TOTAL CHARITY|FUNDS|423,253|372,273|
----- End of picture text -----
Approved by the trustees and signed on their behalf by:
==> picture [194 x 32] intentionally omitted <==
----- Start of picture text -----
[Tegal —_—T. an(mo Trustee
----- End of picture text -----
March 2026
6
The F.A.F Charitable Trust
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. PRINCIPAL ACCOUNTING POLICIES
ACCOUNTING CONVENTION
The accounts have been prepared under the historical cost convention. They have been prepared in accordance with the financial reporting standard for small entities (effective January 2015). In preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice — Accounting and Reporting by Charities (FRSSE) effective from January 2015.
The principal accounting policies adopted in the preparation of the financial statements are as follows:
Incoming Resources
Income is recognised in the period in which the Trust is entitled to receipt and the amounts can be measured with reasonable certainty.
Resources Expended
All expenditure is accounted for on an accruals basis. Governance costs represent costs incurred attributable to the management of the charity’s assets, organisation, administration and compliance with the constitutional and statutory requirements.
Fund accounting
Funds held by the charity are unrestricted and can be used in accordance with the charitable objects at the discretion of the Trustees.
Investments
Current asset cash equivalent investments are valued at their market value at the reporting date. Any gains/(losses) are credited/(charged) to the Revaluation Reserve.
7
The F.A.F Charitable Trust
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
- CHARITABLE ACTIVITIES
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Alzheimer’s Disease Society | 1,150 | 870 |
| Bolton Hospice | 165 | 0 |
| Catholic Children’s Society | 1,200 | 910 |
| The Chestnut Appeal | 105 | 0 |
| Deafblind | 300 | 230 |
| Francis House Family Trust | 1,250 | 0 |
| Francis House Family TrustFA | 72 | 0 |
| Hospice ofSt Francis | 1,200 | 910 |
| Jeremiah’s Journey | 300 | 230 |
| Macmillan Cancer Relief | 900 | 680 |
| Medical Detection Dogs | 800 | 652 |
| MotorNeurone Disease Association | 1,150 | 870 |
| Orchard Vale Trust | 600 | 450 |
| Oxford Radcliffe Hospital Charitable Trust | 700 | 530 |
| Parkinsons Disease | 1250 | 0 |
| Pancreatic CancerUK | 500 | 378 |
| ProstateCancer Society | 300 | 230 |
| Step One (St Loyes College) | 900 | 680 |
| Sue Ryder Foundation | 900 | 680 |
| Workaid | 1,150 | 870 |
| Whizz Kids | 700 | 530 |
| StLukes Hospice | 243 | 1,250 |
| Plymouth Hospitals NICU | 1,250 | |
| Prostate CancerUK | 500 | |
| Marie Curie | 25 | |
| Alzheimer’s Society | 150 | |
| 15,835. | «12,875 |
No Trustee has received any remuneration for the year.
8
|
‘Gp CHARITYFOR ENGLAND COMMISSION AND WALES | Independent examiner'saccounts report on the
Section A
Independent Examiner’s Report
-
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-
Report[to][the][trustees] te tttj?}#}}‘'}q.0q qq i!{iiii!![[[i:.££<<«<<<<<<9 |[The][F.A.F][Charitable] :[Trust]
-
On accounts for the year | 30 June 2025 Charity no | 326137 ended (if any)
-
Set out on pages | 5to8
1 report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30/06/2025.
Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (‘the Act”).
| 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, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. independent | have completed my examination. | confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
e the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
e the accounts did not accord with the accounting records; or e the accounts did 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.
| 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.
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----- Start of picture text -----
Name: | Mr Thomas Orchard
Relevant professional __
qualification(s) or body EPoma , art
(if any):
Address: | Windy Ridge, Midella Road
Yelverton, PL29 6GAU
----- End of picture text -----
IER
1
Oct 2018
Section B
Disclosure
Only complete if the examiner needs to highlight material 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.
==> picture [2 x 6] intentionally omitted <==
----- Start of picture text -----
|
----- End of picture text -----
IER
2
Oct 2018