The Fi'ancina Foundation St2Éement of Financial Activities for the Year Ended 31 Octobei. 2024 (Including Income and Expenditui'e Account and Statement of Total ReLognis>ed Gains and Losses) Uni'estj'icted funds Restricted funds Tot41 2024 Note liicoliie Endowmeiits froni: Donatioiis aiid IciJacics Charitable activities ?3,694 4,?00 4,?00 Total income 27,894 27,894 Expenditure on: Cliai'itable accivities (J2,775) (J?,775) Total expeiiditure (J?,775) (3?,7751 Net expenditure (4,881) (4,881) Net niovenient iii fvnds (4,881) (4,881) Reconciliation of funds Total fiinds broiight toNard 15,725 4,800 ?0,5?5 Total fiinds carried forward 10,844 Unreslrieted funds 4,800 Restricted fuiid5 15,644 Total 2023 Note Income and Endoivments from: Doiiations and leLJacies Cliaritable activities 15,179 800 15,979 Total income 18.529 800 Expenditure on: Cliaritable activities (18,858) (18,858) Total expeiiditure (18.858) (18,858) Net (expeiiditiire)lincon)e (3•9) 800 471 Net Inovement in funds 800 471 Reconciliation of funds Total fuiids broiiuht forward 16,054 4.000 Total fuiids carried forward 15.725 4,800 20.525 All of the cliai'ity's activities derive from continuiiiij operations dLifiiigT the above hvo period5. The fuiid5 breakdowii for 2023 is shown ii) iiote l O. Page 6
The Francina Foundation Olegistration nuinber: N1633966) Balance Sheet as at 31 October 2024 2024 2023 Note Current 4?ssets Cash at bank and in hand 16,244 21.125 Creditors: Amounts falling due within one yexr (600) (600) Net assets 15,644 Funds of the ch<irity: Restricted income funds Restricted fiinds 4,800 4,800 Unrestricted income funds Uni'estrieted fiiiids 10.844 Total funds 15,644 ?0,525 For the financial year endiiig 31 Octobei. 20?4 the cliai'ity was entitled to exeinption from audit under section 477 of tlie Coiiipanies Act 2006 relatiiig to small companies. Dii'ector5' responsibilities.. Tlie menibers l)ave not required the cliarity to obtaiii an audit of its accouiits for the year in questioii in accoi'dance willi section 476- and The directors acknowledge their responsibilities for complying with the i'equirements of the Act witli respect to accounting records and the prepiiration of accounts. The financial 5tateiiients on pa(Fes 6 to 12 wei'e appi'oved by the trLiStees, and authorised foi. issue on 25 July 20?5 and signed on theii- behalf by- IIILLL Mr Gary McQuoid Coinpany Secretary and Trustee aiiiuel W Mai'ciis Trustee Page 7
The Francina Foundation Notes to the Financial Statements for the Yeai" Ended 31 Octobei" 2024 I Charity status Tlie chai'ity is liillitcd by guaraiite¢, iiicorporalcd iii Noitlici'ii Irclaiid, Etiid coi)sequeiitly does iiot have share capital. Eacli of tlie trustees 15 liable to contribute ali aniount not excecdii)ts £ I towards tlie assets of die cliarity in the event of liquidation. The address of its reg7iSt¢red oifice is-. 196 Bclllyinoney Road Ballyineiia Co Aiitrim BT43 5HG These financial slRteinents were autliorised foi. issiie by tlie trustees on 25 July 20?5. 2 Accoulltillg policies Sumin81'y of si<vnifIcant accountiiig policies aiid key accounting estiniAtes Tlie pi'incipal accounting policies applied in tlie pi'eparation of Iliese financial statenients al'e set out beloiv. These policies have been con5iStently applied to all tlie years presented, unless othenvise st42ted. Stateinent ofcompliance The fiiiancial statenienls have been prepared in accordance with Accountingy and Repoiting by C.harities'. Statement of Recommended Practice applicable to charities preparing theii. accounts iii accordance ivith the Fiiiaiicial Reporliiig Siaiidai'd applicable iii the UK aiid Republic of Ireland {FRS 102) (effective l Jaiiuary 2015) - (Cliai'ilies SORP (FRS 102)), tl)e Fiiiaiicial Reportiiig Siaiidard applicable iii tli¢ Uk aiid Republic of Ireland (FRS I O?). Tliey also comply with the Coinpanie5 Act 2006 and Chai'ities Act (Noithei-n Ireland) 2008. Basis of pi"epai'atioii Tlie Fi-aiicina Fouiidalion iiieets tlie defiiiitioii ora public beiiefit entity under FRS 102. Assets and liabilities al-e initially recogtrnised at histoi'ical cost or ti'aiisaction valiie unless oilierwise stated in tlie i-elevant accountin policy iiotcs. Going concern The trustees consider thal there are no Inaterial llncertttinties about the cliarity'5 ability to continue as a going concern iior aiiy sigiiificant areas of uiicertaiiity t]iat affect the carryiiig value of a55et5 held b), the eharity. Exetnption from prepHI-ing a c8sh floiv statemei)t The charity opted lo eai-ly adopt Biilletin I Pliblislied on 2 February 2016 and liave thei'efore not included a cash flow 5tatenieiit iii Lhese fiiiaiicial statenieiits. Incotne and endowments Incoin¢ froin cliaritable activities includes incoine i-ecognised as earned (as tlie i'elated goods or sei'vices al-e provided) uiider coiitract.
The Francina Fouiidation Notes to the Financial Statements for the Year Ended 31 October 2024 Doiirttioiis ciiitl leaLle5 Doiiations are recogiiised wli¢n the cliarity lias been Iiotified iii wi-itiijg of botli tlie ainouiit aiid settleiiient date. Iii tl)e evenl tliat a doiiatioii is siibject to ¢oiiditions tliat I'equire a level of perforimaiice by tlie cl)ariLJi before tlie charity is entitled to the funds, the income is deferi-ed and not reco(Tnised iiniil eitl)er tliose conditions al'e fully met, or the flilfi Ilmenc of those conditions is wholly within the control of the c11arity and it is probable that these coiiditioiis will be fulfilled in the reporting period. Expenditure All expenditure is recouynised once there is a legal or construclive obligation to that expenditure, it is probable settlement is required aiid tlie amount cali be measured reliably. All costs are allocated lo the applicable expeiiditure lieadiii(F Iliat aggregcite similar costs to tliat ¢ate&Joiy. Illliei'e costs cannot be directly attributed to paiticular lieadiiigs they have been allocated on a basis consisteiit willi t]ie use of i-esoui-ces, with central staff osts allocated oil t]ie basis of tiine speiit, aiid depreciatioii ehai'tses allocated 01) Ilie portioii of the asset's use. Otlier support costs are allocated based on tlie spread of staff costs. Cliiiritnble ftclivitiej Charitable expeiiditui'e comprises those costs iiicurred by the chariry iii the deliveiy of its activities aiid seivices for its beiieficiaries. It ii)cludes boili costs Iliat cali be allocated directly to sueli activities aiid Iliose costs of an indirect natiire neces5aiy to support tliem. T8xatio Tlie cliarity is considered lo pass the tests sel out iii Paragrapli I Scliedule 6 of tlie Finance Act 2010 and therefore it meets the definition of a chciritable coinpany for UK corporation tax pui-pose5. Accordingly, the charity is poleiitially exempt from taxatioii in respect of iiicoine or capilal gain5 I'eceived within categories covered by Cliapter ) Part I l of tlie Corporation Tax Act 2010 or Section 256 of Ilie Taxatioii of Cliargeable Gaiiis Act 1992, 10 the extent tliat sucli incoiiie oi. gaiiis are applied exclusively to cl)ariiable pui'poses. Fund stj'ucture Uiiresti'icted iiicome fuiids are geiieral fuiids diat are available for use at tl)e trustees discretion iii rtherlice of th¢ objectives of the charity- Restricted incorne fiiiids al-e those donated for ilse in a particiilar ai'ea or for spe¢if5c piirposes, tlie iise of which is i'estricted to that are<1 01- purpose. PaLTe 9
The Francina Foundation Notes to tlie Financial Statements for tlie Year Ended 31 October 2024 3 Income fi'oin donations and legacies Uni'esti'ieted funds Genej'al Restricted funds Total fund5 Doiiati0115 aiid legacies; Doiiations from iiidividuals Gift aid reclainied 21,506 2,188 21,506 2,188 Total for 2024 23,694 23.694 Total for 2023 15.179 800 15,979 Page 10
The Francina Foundation Notes to the Financial Statements for the YeAr Ended 31 October 2024 4 Income from ch2ritAble activitie5 Unresti'icted funds Genei'AI Totlll 2024 Total 2023 Sponsorship 4.?00 -7.350 Unyestritted fund5 Gener411 Total 2023 Sponsorship 3,350 3,350 5 Expendituj'e on charitable activities Total funds Note Unrestricted fmiids Gener#1 Total fund5 Insurance Sponsoi'sliip Doi)atioiis AccoLllltaii¢y fee Adv¢itising Baiik ¢liarges 980 3.000 97.24 600 462 491 980 3,000 27,?42 600 462 491 TotRI for 2024 Total for 2023 18,858 18,858 Page 11
The Francina Foundation Notes to the Financial Statements for the Year Ended 31 October 2024 6 Trustees I'emunei'ation and expenses No ti'ustees. iior aiiy persons coniiected ivith them, have received any remuiieratioii from the cliarity duriiig the ye31-. No Irustees have reccived any otlier benefits froin tlie cliarity during t11e year. 7 TaxAtioii The cliarily is a regiscei'ed cliarity al)d is tl)erefoi'e ekei)Ipt fi'oin taxation. 8 Cash and eash equivalents 2024 2023 Cash at baiik 16,244 21,125 9 Creditors: amounts falling due within one year 2024 2023 Accruals 600 600 10 Funds B2lAnce at I Noveniber 2023 Ineoining resoui-ces Resources expended Balallce at 31 Oltober 2024 Unrestricted funds General 15.725 27.894 (32,775) 10,844 Restricted funds 4,800 4,800 Totiql funds 20,525 27.894 {J2,775 15,644 Balance at I Noven)bei' Incornillg resoui'ces Re50uI-ces expended IAnce At 31 October 2023 2022 Uni'esti'icted funds General 16,054 18,529 (18.858) 15,725 Restricted funds 4,000 800 4.800 Totlll fuiid5 20,054 19.329 (18,858) ?0,5?5 Page 12
The Francina Foundation Detailed Statement of Financial Activities foi. the Year Ended 31 October 2024 Tot81 2U24 Total 2023 Income 2nd Endowments fl'om: Donations and legacies (analysed below) Clic1ritable activities (analysed below) 23,694 4.?00 15,979 Total income ?7,894 19.3?9 Expenditui-e on: Charitable aclivities (analysed beloiv) (18.858) Total expeiiditui'e (3? 775) (18,858) Net (expenditure)lii)coiiie (4,881) 471 Net movement in fiiiid5 (4.881) 471 Reconciliation of funds Total funds brought forward 20,525 20.054 Total thiids carried fonvard 15.644 ?0,5?5 Thi5 pagye does not form part of the Statutory financial statements. Page 13
The Francina Foundation Detailed Statement of Financial Activities for the Year Ended 31 October 2024 Total 2024 TotAI 2023 Doii(Itioii,s aii(I leg(Icie.s Appeals and doiiatioiis Appeals and donations Gift Aid tax reclaimed 800 15,179 21,506 2,188 23.694 15,979 Cliuritahle llctivilies. Spoiisoi'ship 4,200 4,200 Cliliiit1e activities 1n5lli.ance Sp01150r511ips Adverlisiii Bank chargFes Cl)aritable donatioi)s Accounta13ey fee5 {980) (3,000) (462) (491) (27.242) (600) (966) {2,600) {1,227) (13,100) (600) (3? 775) {18.858) This pagJe does not form part of the statutory financial statements. Pa(re 14