Company registration number: N1633966
Charity registration number.. 104167
The Francina Foundation
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 October 2023
D T Carson & Co
51-53 Thomas Street
Ballymena
Co. Antrim
BT43 6AZ

The FranciDa Foundation
Contents
Reference and Administrative Details
Trustees, Report
2to3
Statement of Trustees, Re5ponsibilittes
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8t012

The Francina Foundation
Reference and Administrative Details
Trustees
Mr Gary McQuoid
Mr Samuel W Marcus
Mr Charles Mcconnell
Secretary
Mr Gary McQuoid
Charity Registration Number
104167
Company Registration Number
N1633966
The charity is incorporated in Northern Ireland.
196 Ballymoney Road
Ballymena
Co Antrim
BT43 5HG
Registered Office
Independent Examiner
D T Carson & Co
51-53 Thomas Street
Ballymena
Co. Antrim
B T43 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 West
Belfast
BTI 6JS
Page I

The Francina Foundation
Trustees, Report
The trustees, who are directors for the purposes of company law, present the annual report together with the
financial statements and auditors, report of the charitable company for the year ended 31 October 2023.
Objective5 and activities
Objecls and aims
The Francina Foundation is a Limited company with charitable status and has been operating since November
2015.
The purpose of the Francina Foundation 15:
To support children in homes and orphanages within India and to rescue and provide refuge for girls sold into
prostitution and to enable Indian partners to support their local communities.
For the foreseeable future the charity will conlinue to provide funding for NGO'S in India to facilitate the
purposes outlined above to continue.
Public benefit
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 identifjed:
a) Prevention and relief of poverty
b) Enhancement of education for beneficiaries
The trustees confimi that they have complied with requirements of section 3 of the Charities Act (Northern
Ireland) 2008, as amended by the Charities Act (Northern Ireland) 2013, to have due regard to the public benefit
guidance published by the Charity Commission for Northern Ireland.
Achievements and performance
As evidenced in the finaT]cial statements, the objectives to raise Sufficient funds for in-county partners to meet
the needs of the partners as discussed at quarterly management meetings.
Financial review
Policy on reserves
The Francina Foundation only makes grants to properly constituted, recognised organisations within India
which have been subject to vetting by the Directors.
The Francina Foundation does not hold any reserves, rather wishing to ensure those providing contributions to
the charity that everything that is donated will go towards meeting the objectives.
Certain donations have been made to the charity with the expres5 remit to be allocated to the administrative
functions of the charity.
Page 2

The Francina Foundation
Trustees, Report
Plans for future periods
Acllvllles planned lo acliieve oims
The Directors continue to raise funds for the objectives and this will look to rais¢ a further £30,000 to enable a
further assessment of in county (India) priorities to be undertaken.
Trustees and orficers
The trustees and officer5 serving during the year and since the year end were as follows..
Trustees:
Mr Gary McQuoid
Mr Satnuel W Marcus
Mr Charles Mcconnell
Structure? governance and management
Arrangemenlsfor setting key maiiagemenlpersoniiel remuneralloii
No remuneration is paid to key management.
The annual report was approved by the trustees of the charity on 18 June 2024 and signed on its behalf by..
Mr Gary McQuoid
Company secretary and trustee
Page 3

The Francina Foundation
Statement of Trustees, Responsibilities
The trustees (who are also the director5 of The FranciT]a Foundation for the purposes of company law) are
responsible for preparing the trustees, report and the financial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). including
FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland
Cornpany law requires the trustees to prepare financial statements for each financial year. Under company law
the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view
of the state of affairs of the charitable company and of the incoming resources and application of resources,
including its income and expenditure. of the charitable company for that period. In preparing these financial
statements, the trustees are required to..
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP-
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any
material departures disclosed and explained in the financial statements. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at
any time the financial position of the charitable company and enable them to ensure that the financial slatements
comply with the Companies Act 2006. They are a150 responsible for safeguarding the assets of the charitable
company and hence for taking reasonable steps for the prevention and detection of fraud and other I￿egular1tjes.
The trustee5 are responsible for the maintenance and integrity of the co4)orate and fiT]ancial infomiation
included on the charitable company's website. Legislation governing the preparation and dissemination of
financial statements may differ from legislation in other jurisdictions.
AppToved by the trustees of the charity on l 8 June 2024 and signed on its behalf by..
ILQI
Mr Gary McQuoid
Company secretary and trustee
Page 4

The Francina Foundation
Independent Examiner's Report to the trustees of The Francing Foundation ('the
Company,)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October
2023.
Responsibilities and basis of report
As the charity's trustees of The Francina Foundation (and also its directors for the purposes of company law)
you are responsible for the preparation of the accounts in accordance with the requirements of the Companies
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 my examination of your
charity's accounts as carried out under section 65 of the Charities Act (Northern Ireland) 2008. In carrying out
my examination I have followed the Directions given by the Charity Commission for Northern Ireland under
section 65(9)(b) of the Charities Act.
Independent examiner's statement
I have completed my examination. I confirni that no matters have come to my attention in connection with the
examination giving me cause to believe..
accounting records were not kept in respect of The Francina Foundation as required by section 386 of the
2006 Act" or
2. the accounts do not accord with those records. or
3, the accounts do not comply with the accounting 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 examination. or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities [applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102)].
I 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 undersLqnding of the accounts to be reached.
Ryan McFaul
D T Carson & Co
Chartered Accountants & Registered Auditors
51-53 Thomas Street
BallyTnena
Co. ATbtrim
BT43 6AZ
18 June 2024
Page 5

The Francina Foundation
Statement of Financial Activities for the Year Ended 31 October 2023
(Including Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unre51ricted
funds
Restricted
funds
Total
2023
Note
Income and Endowmenls from:
Donations and legacies
Charitable activities
15,179
3,350
800
15,979
3,350
Total income
18.529
800
19,329
Expenditure on:
Charitable activitie5
(18,858)
(18,858)
Total expenditure
(18,858)
(18,858)
Net (expenditure)lincome
(329)
800
471
Net movement in funds
(329)
800
471
Reconciliation ofrund5
Total funds brought forward
16,054
4,000
20.054
Total funds Ca￿led forward
10
15,725
Unrestricted
funds
4.800
Restricted
funds
20.525
Total
2022
Note
Income and Endowments from:
Donations and legacies
Charitable activities
18,951
3.290
3,000
21.951
3.290
Total income
22,241
3,000
25,241
Expenditure on:
Charitable activities
(24,923)
(24.923)
Total expenditure
Net (expenditure)/income
(24,923)
(24,923)
(2,682)
3,000
318
Net movement in funds
(2,682)
3.000
318
Reconciliation of funds
Total funds brought forward
18,736
1,000
19,736
Total fvnds carried forward
io
16.054
4.000
20,054
All ofthe charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2022 is Shown in note 10.
Page 6

The Francina Foundation
(Registration number: N1633966)
Balance Sheet as at 31 October 2023
2023
2022
Note
Current assets
Cash at bank and in hand
21,125
20,054
Creditors: Amounts falling due within one year
(600)
Net assets
20,525
20,054
Funds of the eharity:
Restricted income funds
Restricted funds
4.800
4,000
Unrestricted income funds
Unrestricted funds
15,725
16,054
Total funds
10
20,525
20,054
For the financial year ending 31 October 2023 the charity wa5 entitled to exemption from audit under section
477 of the Companies Act 2006 relating to small companies.
Direclors, responsibilities:
The members have not required the charity to obtain an audit of its accounts for the year in question in
accordance with section 476. and
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect
to accounting records and the preparation of accounts.
The financial statements on pages 6 to 12 were approved by the trustees, and authorised for issue on 18 June
2024 and signed on their behalf by:
MrGa
McQuoid
Company Secr¢tary and Trustee
Samuel W Mar
Trustee
us
Page 7

The Francina Foundation
Notes to the Financial Statement5 for the Year Ended 31 October 2023
I Charity status
The charity is limited by guarantee, incorporated in Northern Ireland, and consequently does not have share
capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity
in the event of liquidation.
The address of its registered office is:
196 Ballymoney Road
Ballyrnena
Co Antrim
BT43 5HG
These financial statements were authorised for issue by the trustees on 18 June 2024.
2 Aceounting policies
Summary of significant accounting policies and key accounting estimales
The principal accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statement5 have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the
Firiancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January
2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act (Northern Ireland) 2008.
Basi5 of preparation
The Francina Foundation meet5 the definition of a public benefit entity under FRS 102. Assets and liabilities are
initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting
policy notes.
Going concern
The trustees consider that there are no material UT]certainties about the charity's ability to continue as a going
concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Exemption from preparing a cash flow statement
The charity Opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash
flow statement in these financial statements.
Income and endowments
Rncorne from charitable activities includes income recognised as earned (as the related goods or services are
provided) under contract.
Page 8

The Francina Foundation
Notes to the Financial Statements for the Year Ended 31 October 2023
Doiialions and legacles
Donations are recognised when the charity has been notified in writing of both the amount and settlement date.
In the event that a donation is subject to conditions that require a level of perforniance by the charity before the
charity is entitled to the funds, the income is defe￿ed and not recognised until either those conditions are fully
met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these
conditions will b¢ fulfilled in the reporting period.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to
particular headings they have been allocated on a basis consistent with the use of resources, with central staff
costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Other support costs are allocated based on the spread of staff costs.
Cliarilable aclivilies
Charitable expenditure comprises those costs incurred by the charity 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 costs of an
indirect nature necessary to support them.
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 company for UK corporation tax purposes. Accordingly, the
charity is potentially exempt from taxation in respect of income or capital gains received within categories
covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of
the objectives of the charity-
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which
is r¢stricted to that area or purpose.
Page 9

The Francina Foundation
Notes to the Financial Statements for the Year Ended 31 October 2023
3 Income from donations and legacies
Unrestricted
funds
General
Restricted
funds
Total
funds
Donations and legacies.
Donations from individuals
15.179
800
15,979
Total for 2023
15,179
800
15,979
Total for 2022
18,951
3,000
21,951
Page 10

The Francina Foundation
Notes to the Financial Statements for the Year Ended 31 October 2023
4 Ineome from eharitable activities
Unrestricted
funds
General
Total
2023
Total
2022
Sponsorship
3,350
3,350
3,290
Unrestricted
funds
General
Total
2022
Sponsorship
3,290
3,290
S Expenditure on charitable activities
Total
funds
Note
Unrestricted
funds
General
Total
funds
Insurance
Sponsorship
Donations
Accountancy fee
Advertising
Bank charges
966
2,600
13,100
600
1,227
365
966
2,600
13,100
600
1,227
365
Total for 2023
18,858
18.858
Total for 2022
24.923
24,923
Pagell

The Francina Foundatio
Notes to the Financial Statements for the Year Ended 31 October 2023
6 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the
year.
No trustees have received any other benefits from the charity during the year.
7 Taxation
The charity is a registered charity and is therefore exempt from taxation.
8 Cash and cash eqllivalents
2023
2022
Cash at bank
21.125
20,054
9 Creditors: amounts falling due within one year
2023
Accrua15
600
10 Fund5
Balance at I
November
2022
Incoming
re50urce5
Resources
expended
Balance at 31
October 2023
Unrestricted funds
General
16,054
18,529
(18,858)
15,725
Restricted funds
4,000
800
4,800
Total funds
20,054
19,329
(18,858)
20,525
Balance at I
November
2021
Incoming
resources
Resources
expended
Balance at 31
October 2022
Unrestricted funds
General
18.736
22,241
(24.923)
16,054
Reslricted funds
1,000
3,000
4,000
Total funds
19.736
25.241
(24.923)
20,054
Page 12

The Francina Foundation
Detailed Statement of Financial Activities for the Year Ended 31 October 2023
Total
2023
Total
2022
Income and Endowments from:
Donations and legacies (analysed below)
Charitable activities (analysed below)
15,979
3,350
21.951
3,290
Total income
19.329
25,241
Expenditure on:
Charitable activities (analysed below)
(18,858)
(24,923)
Total expenditure
(18.858)
(24,923)
Net income
471
318
Net movement in funds
471
318
Reconciliation of funds
Total funds brought fonvard
20,054
19,736
Total funds Ca￿led forward
20.525
20.054
This page does not fonn part of the statutory financial staternents.
Page 13

The Francina Foundation
Detailed Statement of Financial Activities for the Year Ended 31 October 2023
Total
2023
Total
2022
Donalions and legacie
Appeals and donations
Appeals and donations
Gift Aid tax reclaimed
800
15,179
3,000
17,101
1,850
15,979
21,951
Cliorltable acllvllles
Sponsorship
3,350
3,290
3,350
3,290
Cliarilable aclivilies
Insurance
Sponsorships
Sundry expenses
Advertising
Bank charges
Charitable donations
Accountancy fees
(966)
(2,600)
(821)
(7,200)
(40)
(420)
(442)
(16,000)
(1,227)
{365)
(13,100)
(600)
(18,858)
(24.923)
This page does not fonn part of the statutory financial slatements.
Page 14