FRANKS FAMILY FOUNDATION
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
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?
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 |
|---|---|---|
| UK GIVES LTD | 1 | £21k |
| CBRE UK CHARITABLE TRUST | 1 | £250 |