FRANKS FAMILY FOUNDATION
TO FURTHER SUCH CHARITABLE PURPOSES AS RELIEF OF POVERTY, SICKNESS AND DISTRESS, ADVANCEMENT OF EDUCATION FOR THE BENEFIT OF THE COMMUNITY IN THE UNITED KINGDOM AND THE WORLD.
Financial health, per its FY2024 accounts
The accounts state that the charity's total funds decreased from £7,670,781 to £7,352,478 due to a net movement in funds of £(318,303), driven by expenditure exceeding income and net losses on investments. The trustees confirm the foundation has adequate resources to continue in operational existence for the foreseeable future, citing a balance sheet of circa £7m with no debt. Funding is noted to be dependent on donations from the Franks Family and their business interests.
What the accounts disclose
“The Company incurred an amount of £Nil (2023 (£25,000) in respect of advertising costs charged to it during the year by Eighteen-24 Limited, a company under the control of a trustee. To save costs, Redbus Ventures Limited (“RVL), a company under the control of a trustee, and the Company share payroll costs. Outstanding amounts under this arrangement are regularly reimbursed. At the end of the period £507 was owed to RVL. Under an arrangement entered into when certain fixed asset investments were donated to the Foundation a proportion of the proceeds related to the future realisation of those investments is due to be paid to RVL and Eighteen-24 Limited. Based on the fair value of the investments at 31 December 2024 a provision of £797,578 (2023: £797,578) has been recognised in these accounts to reflect this obligation.” — page 25
Corporate structure
- Registered company of the charity Companies House 05834838
Company officers (Companies House)
- OF YORK, Beatrice Elizabeth Mary, Princess not on trustee list
- HODLER, Carolyn Fay on trustee list
- MENDELSOHN, Jonathan Neil, Lord on trustee list
- AVSHALOM, Guy on trustee list
- FRANKS, Simon Elliot on trustee list
Trustees
- SIMON ELLIOT FRANKSchair
- Carolyn Hodler
- GUY AVSHALOM
- HRH Princess Beatrice Elizabeth Mary of York
- The Lord Jonathan Neil Mendelsohn
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £102k | £241k |
| 31/12/2023 | £159k | £447k |
| 31/12/2022 | £72k | £278k |
| 31/12/2021 | £95k | £470k |
| 31/12/2020 | £88k | £409k |
Common questions
Is FRANKS FAMILY FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity's total funds decreased from £7,670,781 to £7,352,478 due to a net movement in funds of £(318,303), driven by expenditure exceeding income and net losses on investments. The trustees confirm the foundation has adequate resources to continue in operational existence for the foreseeable future, citing a balance sheet of circa £7m with no debt. Funding is noted to be dependent on donations from the Franks Family and their business interests. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE KAYS FOUNDATION | 1 | £300k |
| UK GIVES LTD | 1 | £35k |
| CBRE UK CHARITABLE TRUST | 1 | £250 |
Charities like this
- THE THOMAS FRANKS FOUNDATION
- THE FRANK JACKSON FOUNDATION
- FREILICH FAMILY FOUNDATION
- GRAHAME CHARITABLE FOUNDATION LIMITED
- THE ARSENAL FOUNDATION
- THE HARRISON-FRANK FAMILY FOUNDATION (UK) LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| FRANKS FAMILY FOUNDATION | £102k | — | 0 | unclear | — | no doubt |
| THE THOMAS FRANKS FOUNDATION | £183k | — | 0 | unclear | — | no doubt |
| THE FRANK JACKSON FOUNDATION | £619k | — | 0 | below | — | no doubt |
| FREILICH FAMILY FOUNDATION | £347k | — | 0 | unclear | — | no doubt |
| GRAHAME CHARITABLE FOUNDATION LIMITED | £262k | — | 0 | unclear | — | noted |
| THE ARSENAL FOUNDATION | £625k | £80,001 - £90,000 | 1 | unclear | — | no doubt |