Company registration number.. N1633966
Charity registsation number.. 104167
The Francina Foundation
(A company limited by share capital)
Annual Report and Financial Statement5
for th¢ Year Ended 31 October 2021

The FraDciDa Foundation
Contents
Ref¢Ten￿ and Administrative Details
Trnstees, Report
2tr>4
Independent Examinei's Report
Statement of Financial Activities
Balan¢e Sheei
Notes io the Financial Statements
8t012

The Francina Foundation
Reference and Administrative Detalls
Trustees
Mr Gary m￿u9]d
Mr S8mu¢l W Marcus
Mr Charles Mcconnell
Mrs Lorraine McAllister {d¢ceased 06101r2022)
Mr Gary McQuoid
Secretary
Charity Registratlots Number
104167
Company Registration Number
N1633966
The eharity is incorporated in Northern Ireland.
196 Ballymoney Road
Ballymena
Co Antrim
BT43 5HG
Regl$tered Office
IDd¢pendeni Exatniner
D T Carson & Co
51-53 Thoma5 Street
Ballymena
Co. Antrim
BT43 6AZ
Solicitors..
Cleaver Fulton Rankin Ltd
50 Bedford Street
Belfast
BT2 7FW
Bankers
Danske Bank
Donegall Square West
Belfast Business Centre
P.0. Box 183
Donegal Square W¢st
B¢lfast
BTI 6JS
Page I

The Francina Foundation
Trnstees, Report
The trnStees, who are directors for the purposes of company law, present the atlljual report together with the
financial stst¢ments of the charitable company for the y¢ar ended 31 October 2021.
Obje¢live5 aDd aetlvities
Objects amd alms
The Francina Foundation is a Limited company with charitable statu5 and has been operating since November
2015.
The PUTpose of the Francina Foundation is..
To support children in homes and orphanages within India and to res¢ue and provide refvge for girls sold into
prostitution and to enable Indian partner5 to support lheir local conllnunities.
For the foreseeeble fvttwe the charity will continue to provide funding for NGO'S in India to facilitate the
puryoses outlined above to continue.
Public benefil
The shaping of the objectives has been influenced by the Charity Commission Nl's guidance on public benefit
and the following direct benefits have been identified..
a) Prevention and relief of poverty
b} Enhancement of education for ben¢ficiarie5
Th¢ tTUStees confirni that th¢y have complied with th¢ requirements of section 3 of the Charities Act (Northern
Ireland) 2008, as amended by the Charities Act INorth¢m Ireland) 2013, to have due regard to the Pllblie benefit
guidance published by the Charity Commission for Northern Ireland
Aehievements and peyformance
As evid¢n¢ed in the financial statements the objectives t(Tr raise sufficient ￿ndS for the in-county partners io
meet the needs of the partners as dsscus5¢d at quarterly management meetings. This past y¢ar significant funds
continued to be Collected and donated to alleviate the Covid 19 pandemic.
Financial revlew
Pollcy on reserves
The Francina Foundation only makes grants to properly constituted, recogni5ed organisations within India
which have been subj¢¢t to vetting by the Director5.
The Francina Foundation does not hold any reserves, rather wishing to ensuTe those providing contributions to
the charity that eVe￿hIng that 15 donated will go towards meeting the objectives.
Certain donations have been made to the charity with ih¢ express remit to be allocaied io the administrative
functions of the charity.
Page 2

The Francina Foulldatlon
Trustees, Report
Plans for future perlod5
Aints and key ob}ecilvesforfuthreperiod5
The Directors continu¢ to raise fi￿d$ for the objectives and this will look to raise a fi]rther £50,000 to enable a
further assessment of in country (India) prioriiies to be undertaken.
Truste¢s and offlcers
Th¢ tNstee5 and offi¢ers serving during the year and since th¢ year end were as follows-
Trustee$:
Mr Gary McQuoid
Mr Samuel W Marcus
Mr Charle5 Mcconnell
MT5 Lojraine McAlltster {de¢eased 0610112022)
Strllcturey governattce and management
Arrangemeutsforseltliig key m&nagentÉnlpersoiinelremUneM￿On
No remuneration is paid to key management.
Page 3

The Francina FoundatlOD
Trust¢es' R¢port
St*ternent of Tru51e¢s' Responsibilities
The trustees (who are also the directors of The Froncina Foundation for the purposes of company law) are
Tesponsible for preparing the trustees, report and the financial statements in accordance with the United
Kingdom Accounting Standards (United Kingdom Gen¢rally A¢¢epted A¢couJiing Practi¢¢) and applicable law
and regulations.
Company law requires the tru5tee5 tg prepare f]nancial stat¢m¢nts for ¢a¢h fJnan¢ial y¢ar. Under company law
the trustees mtsst not approve the financial ststernents unle$5 they ar¢ 5atlsfied that they give a true and fair view
of the stste of affairs of the charitable cornpany and (Trf Éts incoming resource5 and application of re50urce5,
including its incorne and expendÉture. for that period. In preparing these fU￿icial 5tatemeDts, the trustees are
required to..
select suitable accounting policies and apply them consistently>
observe the m¢thods and prin¢ipl¢s in the Charitie5 SORP-
make judgements and estimates that are reasonable and pnthnt.
state whether applicabl¢ UK A¢counting Standards hav¢ been followed, subject to any material d¢partur¢s
disclosed and explained in the financial statements- and
prepare the financial statements on the going concern basis unless it is inappropriate to PTesume that the
charitable cornpany will continue in business.
The trustees are re5pon5ible for keeping ad¢quate ac¢ounting r¢¢ords that are 5uffici¢nt to show and explain th¢
charitabl¢ company's tran5a¢tions and discl(Tr5¢ with reasonable ac¢uTaoy at any tim¢ the f￿ancial p951tion of th¢
charitabl¢ company and ¢nabl¢ them to eDsur¢ that the fiDanci8l 5tat¢ments comply with the Cornpanie5 Att
2006. Th¢y are a150 Tesponsible for safeguardiT)g the asset5 of the ¢haritabl¢ Company and hence for taking
r¢a50nabl¢ s¢¢ps for the pi¢v¢ntion and d¢t¢ction of fraud and oth¢r ]￿egularitieS.
The annual r¢port was approved by the tru5t¢es of the tharity on 10 June 2022 and 5ign¢d on its b¢half by..
Mr Gary McQuoid
Company S¢¢r¢tary and Tr￿stee
Page 4

The Fran¢ina Foundation
Independent Examiner's Report to tbe trustees of The Francina Foundation ("the
Company")
I report to the charity tnjstees on my examination of the accounts of the Company for the year ended 31 October
2021.
Responsibilities and basis of report
As the charity's trustees of The Franetna Foundation (and also its directors for the PUTposes of company law)
you are responsibl¢ for the preparation of the account5 in accordance with the requirements of the Companie5
Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of The Francina Foundation are not required to be audited under
company law and are eligible for independent examination, I report in respect of Tny examination of your
charity'5 accounts as ca￿Led out under section 65 of th¢ Charitie5 Act (Northem Irelalld) 2008. In earrying out
rny exatnination I have followed the Directions given by the Charity Commission for Northern Ireland under
Section 65{9)(b) of the Charitie5 Act.
Independeht examiner's staternent
I have ¢ompleted my examination. I confirni thai no matters have come to my attention in conne¢¢ion with the
examination giving me cause to believe..
accounting re¢ords were not kept tn respect of The Francina Foundation as requited by section 386 of the
2006 Act. or
2. the accounts do not a¢cord with those records. or
3. the accounts do not comply with the 8¢counting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an
independent exaTnination' or
4. the accounts have not been prepared in accordance with the merhods and principles of the Statement of
R¢¢ommend¢d Practic¢ for accounting and reporting by charities lapplicable to charities pr¢paring their
ac¢ounts in a¢cordan¢e with the Financial Reporting Standard applicable in the UK and Republic of
Ireland {FRS 102)].
I have no concerns and have come a¢ross no oth¢r matters in Connection with the ¢xamination to which attention
should be drawn in this report in ord¢T to enable a proper understanding of the accounts to be ttached.
John Hamil
D T Carso
Chartered
ountants & Re81St¢red Auditors
51-53 Th
Ballymena
Co. Antrim
BT43 6AZ
as Street
10 June 2022
Page 5

The Franeina Foundation
Statement of Financial Activities for Ihe Year Ellded 31 Oetober 2021
Oncluding In¢om¢ and Expenditure Account and Statem¢nt of Total Recognised Gains
and Losses)
Unrestricted
fund5
Restricted
funds
Total
2021
Note
Jncorn¢ and Endoivments from:
Donations and legacies
Charitable activities
51.756
3,126
1,000
52.756
3,126
Total income
54.882
1,000
55,882
Eipenditure on".
Charitable activities
(56,070)
(56,070)
Total expenditure
Net {expenditureyin¢om¢
Net rnovement in fi]nds
156,070)
{56,070)
{1,188)
1,000
(188)
(1.188)
1,000
(188)
ReconciliatlOD of funds
Total fimds brought fonvard
19,924
19,924
Total fimds cattied forward
18,736
1,000
Unrestrieted
funds
19,736
Total
2020
Note
Imeome and Endowments from:
Donations and legacies
Charitable activities
38.627
11,331
38,627
11.331
Total income
49,958
49,958
Expendilure OTh:
Charitable activities
{36,242)
(36,242
Total expenditure
incorne
136,242)
(36,242)
13,716
13.716
Net movement in ￿ndS
13.716
13,716
ReeoneilR#tion of funds
Total fimds brought forward
6.208
6,208
Total fi￿d5 caTTied forward
19,924
19,924
All of the charity's activities derive froTn ¢ontinuing operations during the above ttvo periods.
The funds breakdown for 2020 is shown in not¢ 9.
Page 6

The Francina Foundation
(Registration number: N1633966)
Balan¢¢ Sheet as at 31 Oetober 2021
2021
2020
Note
Current a5$ets
C05h at bank and in hand
19,736
19,924
Funds of the ehority:
Re5trieted incotne fund5
Restricted funds
1.000
Unrestricted iThcome funds
Unrestrieted fjjnds
18.736
19,924
Total funds
19,736
19,924
For the financial year ending 31 October 2021 the oharity was entitled to exemption from audit under section
477 of the Companies Act 2006 relating to small companies.
Direetors, re5ponsibilities.'
The members have noi requir¢d the charity to obtain an audit of its accounts for the year in question in
aecordat]c¢ with section 476. 2nd
The directors ackttowledge their responsibilities for complying with the requiretn¢nts of the Act with respect
to ac¢ounting record5 and the preparation of accounts.
These aceounts have been prepared in accordance with th¢ provisions applicable to companies subject to the
small companie5 regime.
The financial statements on pages 6 to 12 were approv¢d by the tNStr¢5. and authorised for i55ue on 10 June
2022 and signed on their behalf by..
Mr Gary McQuoid
Company Secretary and Trustee
amuel W M
Trustee
cus
Page 7

The Fran¢ioa FouDdation
Notes to the Finaneial Statements for the Year Ended 31 October 2021
I Charity 5tJtUS
The charity is limited by share capital, incorpordted in Northern Ireland.
The address of its registered office is..
196 Ballymoney Road
Ballymena
Co Antrim
BT43 5HG
These fuJan¢ial statements were authorised for issue by th¢ trustees on 10 June 2022.
2 Accounting ￿lICAt*
Summary of slgnifieant accounting policies and key accounting estlmates
The principal accounting policies applied in the preparation of these finanoial statements are set out below.
These policies have been ¢onsistently applied to all the years piesented, unless oth¢rwi5e stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Prd¢ti¢e applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard appli¢abl¢ in the UK and Republic of Ireland (FRS 102} {effective l January
2015) - (Charities SORP IFRS 102)). the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102). They also comply with ihe Companies Act 2006 and Charities Act INorthern Ireland) 2008.
Basis of preparation
Th¢ Francina Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are
initially T¢cognised at historical cost or transaction value Unle￿ oth¢rwise stat¢d in the relevant accounting
policy notes.
Going concern
The trustees consider that there are no rnaterial uncertainties about the charity's ability to continue as a going
concern nor any significant areas of uncertainty that affect the carying value of assets held by the charity.
Exemption frorn preparing a cash flow statement
The charity opted to early adopt Bulletin I publi5h¢d on 2 February 2016 and have therefore not included a cash
flow statement in these fthancial statesnent$.
In¢ome and endowments
Income from charitable activities includes income recogni5ed as earned la5 the r¢lated good5 or s¢rvi¢¢5 aTe
provided) under contract.
Page 8

The Francina Foundation
Notes to the Fin2neial Statements for the Year Ended 31 October 2021
Don&ilons amd legdeies
Donations are recognised when the charity has been notified in writing of both the aTnount and settlement date.
In the event that a donation is subject ¢0 condition5 that require a lev¢] of performaTr¢e by the charity before the
charity is ¢ntitled to the fvnds, the in¢ome is deferred and not recognised until either those conditions are ￿]lY
met, or the fulfilment of those condition5 is wholly withrn the control of the charity and it is probabl¢ that these
conditions will be fulfilled in the reporting period.
Expenditure
All expenditure is recognised once there 15 a legal or con5tNctive obligation to that expenditure, it is probable
settlement is required and the amount be measured reliably. All costs are allocated to the applicable
¢xpenditure heading ihat aggregate similar costs to that category. Where costs cannot be directly attributed to
particular headings they have been allocated on a basis con51Stent with the use of resources, with central staff
cosls allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset'5 use.
Other support eosts are allocated based on the spread of st2ff costs.
Charituble acllvlties
Charitable ¢xpenditure comprises those Costs incurred by the clwity in the delivery of its activities and services
for its beneficiaries. It includes both costs that can be allocated directly to such activities and those wsts of a
indirect nature necessary to support thern.
Taxation
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it meets the defInition of a charitable eompany for UK Gorporation t&x purposes. Accordingly, the
charity is potentially exempt from taxation in respect of income or capital gains received within cat¢gories
covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable
Gain5 Act 1992, to the extent that such income or gains are applied exclusively to charitable putFoses.
Fund structure
Unrestricted income funds are general fijnds that are availabl¢ for use at th¢ trustees discretion in OJrthernn¢e of
the objectives of the ¢harity.
Restricted income fijnds are those donated for use in a particular ar¢a or for specifi¢ pury)oses, the use of which
is restricted to that area or putyose.
Page 9

The Francina Foundation
Note5 to the Financial Statements for the Year Ended 31 October 2021
3 Income from donation5 and legacies
Unrestricted
funds
General
Rt$tricted
funds
Total
fllnd$
Donation5 and l¢ga¢ie5'
Donation5 from individuals
Gift aid r￿la]rned
48,738
3,018
1,000
49,738
3,018
Total for 2021
51.756
1.000
52,756
Total for 2020
38,627
38,627
Page 10

The Francina Foundatlon
Notes to the Financial Statements for the Year Ended 31 October 2021
4 Ineome from eharitgble activities
Total
2U21
Unrestrleted
funds
General
Total
2021
Sponsorship
Interest received
3.105
21
3.105
21
3.126
3.126
Unrestricted
ruNds
Gtneral
Total
2020
Sponsorship
College fees
Interest received
Fund raising
5,000
900
16
5,415
5,000
900
16
5,415
11,331
5 Expenditure OR charitable activitles
Unrestricted
funds
General
Total
funds
Insurance
Sponsorship
Donation5
Advertising
Bank charges
491
20,775
33.530
859
415
491
20,775
33,530
859
415
Total for 2021
56,070
56,070
Total for 2020
36,242
36,242
Pagell

The Francina Foundation
Notes to the Financial Statements for the Year Ended 31 October 2021
Totsl
¢xp¢nditure
6 Trustees reM￿neratIOn artd expenses
No trllstees, nor any per50n$ ¢tsDne¢t¢d with them. have tt¢¢ived any remuneration from the chariry during the
year.
No trust¢e5 have received any other benefits from the charity during the year.
7 TaxatlOD
The charity is a r¢gist¢r¢d charity and is ther¢for¢ exempt from taxation.
8 Cash and cash equivalent5
2021
2020
Cash at bank
19,736
19,924
9 Fund$
Balance at I
November
2020
Incoming
resources
Resource5
expended
Balance al 31
October 2021
Unrestrlcted funds
General
19,924
54,682
(56,070)
18,736
Restricted funds
1,000
1,000
Total fllllds
19,924
55,882
(56,070)
19,736
Balance at I
November
2019
Incoming
resources
Re50urce$
expended
Balance at 31
October 2020
Unrestrlcted funds
General
6,208
19,924
Page 12