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REGISTERED COMPANY NUMBER: 09090296 (England and Wales)
REGISTERED CHARITY NUMBER: 1180404














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

FRANKFLOSS FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)

FRANKFLOSS FOUNDATION






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Report of the Trustees 1

Independent Examiner's Report 2

Statement of Financial Activities 3

Balance Sheet 4 to 5

Notes to the Financial Statements 6 to 11

FRANKFLOSS FOUNDATION (REGISTERED NUMBER: 09090296)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
09090296 (England and Wales)

Registered Charity number
1180404

Registered office
Second Floor
2 County Gate
Staceys Street
Maidstone
Kent
ME14 1ST

Trustees
D A Pearson None
Ms M A Geoghegan Personal Assistant
Mrs G Warburton Nursing Sister
Mrs M Robinson Office Manager

Company Secretary
D A Pearson

Independent Examiner
Peter Shillinglaw FCA
Stephen Hill Mid Kent Limited
31-33 Albion Place
Sittingbourne Road
Maidstone
Kent
ME14 5DZ

Approved by order of the board of trustees on 13 March 2025 and signed on its behalf by:





Mrs M Robinson - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
FRANKFLOSS FOUNDATION

Independent examiner's report to the trustees of Frankfloss Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (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 Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company 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 understanding of the accounts to be reached.








Peter Shillinglaw FCA

Stephen Hill Mid Kent Limited
31-33 Albion Place
Sittingbourne Road
Maidstone
Kent
ME14 5DZ

13 March 2025

FRANKFLOSS FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 JUNE 2024

30.6.24 30.6.23
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 400 159,750

Investment income 2 14,374 13,629
Total 14,774 173,379

EXPENDITURE ON
Raising funds 3 (24,809 ) 25,684


Other - 624
Total (24,809 ) 26,308

Net gains/(losses) on investments 23,612 (30,655 )

NET INCOME 63,195 116,416


RECONCILIATION OF FUNDS
Total funds brought forward 671,964 555,548

TOTAL FUNDS CARRIED FORWARD 735,159 671,964

FRANKFLOSS FOUNDATION (REGISTERED NUMBER: 09090296)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Investments 6 523,612 474,316

CURRENT ASSETS
Cash at bank 212,267 198,248

CREDITORS
Amounts falling due within one year 7 (720 ) (600 )

NET CURRENT ASSETS 211,547 197,648

TOTAL ASSETS LESS CURRENT
LIABILITIES

735,159

671,964

NET ASSETS 735,159 671,964
FUNDS 8
Unrestricted funds 735,159 671,964
TOTAL FUNDS 735,159 671,964

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


FRANKFLOSS FOUNDATION (REGISTERED NUMBER: 09090296)

BALANCE SHEET - continued
30 JUNE 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 13 March 2025 and were signed on its behalf by:





M Robinson - Trustee

FRANKFLOSS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME
30.6.24 30.6.23
£    £   
Other fixed asset invest - FII 14,374 13,629


FRANKFLOSS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. RAISING FUNDS

Investment management costs
30.6.24 30.6.23
£    £   
Support costs - 25,684

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 159,750

Investment income 13,629
Total 173,379

EXPENDITURE ON
Raising funds 25,684


Other 624
Total 26,308

Net gains/(losses) on investments (30,655 )

NET INCOME 116,416


RECONCILIATION OF FUNDS
Total funds brought forward 555,548

TOTAL FUNDS CARRIED FORWARD 671,964

FRANKFLOSS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. FIXED ASSET INVESTMENTS
Listed
investments
£   
MARKET VALUE
At 1 July 2023 474,316
Revaluations 23,612
Impairments 25,684
At 30 June 2024 523,612
NET BOOK VALUE
At 30 June 2024 523,612
At 30 June 2023 474,316

There were no investment assets outside the UK.

Cost or valuation at 30 June 2024 is represented by:

Listed
investments
£   
Valuation in 2022 30,655
Valuation in 2023 (56,339 )
Valuation in 2024 49,296
Cost 500,000
523,612

If the listed shares had not been revalued they would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 500,000 500,000

Fixed asset investments were valued on the stock exchange basis on 30 June 2024 by Sarasin Investment Funds Ltd .


FRANKFLOSS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Accrued expenses 720 600

8. MOVEMENT IN FUNDS
Net
movement At
At 1.7.23 in funds 30.6.24
£    £    £   
Unrestricted funds
General fund 671,964 63,195 735,159

TOTAL FUNDS 671,964 63,195 735,159

Net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 14,774 24,809 23,612 63,195

TOTAL FUNDS 14,774 24,809 23,612 63,195


Comparatives for movement in funds

Net
movement At
At 1.7.22 in funds 30.6.23
£    £    £   
Unrestricted funds
General fund 555,548 116,416 671,964

TOTAL FUNDS 555,548 116,416 671,964

FRANKFLOSS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 173,379 (26,308 ) (30,655 ) 116,416

TOTAL FUNDS 173,379 (26,308 ) (30,655 ) 116,416

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.7.22 in funds 30.6.24
£    £    £   
Unrestricted funds
General fund 555,548 179,611 735,159

TOTAL FUNDS 555,548 179,611 735,159

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 188,153 (1,499 ) (7,043 ) 179,611

TOTAL FUNDS 188,153 (1,499 ) (7,043 ) 179,611


FRANKFLOSS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2024.