The Francina Foundation
Trustees, Report
The trustee5, 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 Oclober 2023.
Objectives and activilie5
Objecls and aims
The Francina Foundation is a Limited company with charitable status and h&s been operating since November
2015.
The purpose of the Francina Foundation is:
To suppon children In homes and orphanages within India and to rescue and provide retuge tor girls sold into
prostitution and to enable Indian partners to support their local communities.
For the foreseeable future the charity will continue to provide funding for NGO'S in India to facilitate the
purposes 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 be¢n identifjed:
a) Prevention and relief of poverty
b) Enhancement of education for beneficiaries
The truslees confinn that they have complied with requirements of section 3 of the Charities Acl (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 financial statements, the objectives to Taise sufficient fimds for in-county partners to meet
the needs of the partners as discussed at quarterly management meetings.
Financial review
Policy on reservaf
The FranciT]a 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 thal everything that is donated will go towards meeting the objectives.
Certain donations have been made to the charity with the express remit to be allocated to the administrative
functions of the charity.
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The Francina Foundation
Truste￿, Report
Plans for future periods
Aclivilies planned io achieve
The Directors continue to raise funds for the objectives and this will look to raise a further £30,000 to enable a
rther assessment of in country (India) priorities to be undertaken.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees:
Mr Gary McQuoid
Mr Samuel W Marcus
Mr Charles McConn¢ll
Structure. gnverngnce And mAn#gement
Arrangementsfor selling key h￿nagemen1persOn￿ej remuneralion
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
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The FraDciDa Foundation
StatemeDt of Trustees, RespoDsibilities
The trustees (who are also the director5 of The Frdncina Foundation foi the PUTposes of company law) are
responsible for preparing the trustees, report and the fmancial 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"
Company law requires the trustees to prepare financial stalements for each financial year. Under company law
the trustees rnu5t nol approve the financial statements unless they are 5atj5fied 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 t￿SleeS are required to:
select suitable accounting policies and apply them consistently-
observe the methods and principle.% in the c.harities 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 statemeT]ts on the going concern b&8is unless it is inappropriate to presume that the
chariTable company will coniinue in business.
The twstees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at
any time the financial position nf the charitable company and enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
ompany and hence for taking reasonable steps for the prevention and detection of fraud and other I￿egUlarl11es.
The trustees are responsible for the maintenance and integrity ot the Corporate and financial infomiation
included on the chaTltable company's website. Legislation governing the preparation and dissemination of
financial statements may differ from legislation in other jurisdiction5.
Approved by the trustees of the charity on 18 June 2024 and signed on its behalf by..
Mr Gary McQuoid
Company Se￿etary and trustee
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