2021-12-31-accounts

		Page
Report ofthe Trustees	1	to	4
Report ofthe Independent Auditors	5	to	8
Statement ofFinancial Activities
Balance Sheet		10
Notes to the Financial Statements	11	to	17
Detailed Statement ofFinancial Activities		18

				31.12.21	31.12.20
				Unrestricted	Total
			Notes	fund	fundsf
INCOME AND ENDOWMENTS FROM
Investment income				40,568	42,525
EXPENDITURE	ON
Raising funds Raising donations	and	legacies		2,400	3,129
				2,400	3,129
Charitable activities
Study project				41,974	45,250
Total				44,374	48,379
Net gains on investments				106,516	82,418
NET INCOME				102,710	76,564
RECONCILIATION		OF FUNDS
Total funds brought		forward		1,584,132	1,507,568
TOTAL FUNDS	CARRIED FORWARD			1,686,842	1,584,132

		31.12.21	31.12.20
		Unrestricted	Total
	Notes	fundf	funds
CURRENT ASSETS
Investments	12	1,659,062	1,572,263
Cash at bank		29,400	13,619
		1,688,462	1,585,882
CREDITORS
Amounts falling due within one year	13	(1,620)	(1,750)
NET CURRENT ASSETS		1,686,842	1,584,132
TOTAL ASSETSLESSCURRENT
LIABILITIES		1,686,842	1,584,132
NET ASSETS		1,686,842	1,584,132
FUNDS	14
Unrestricted funds		1,686,842	1,584,132
TOTAL FUNDS		1,686,842	1,584,132

INVEST	MENT	INCOME
			31.12.21	31.12.20
			f
Dividend	income		40,567	42,523
Deposit	account	interest	1	2
			40,568	42,525

4.	RAISING	DONATIONS	AND LEGACIES
					31.12.21	31.12.20
					f	f
	Sundries				638	203
	Computer	costs			1,762	2,926
					2,400	3,129
5.	CHARITABLE ACTIVITIES COSTS
				Grant
				funding of
				actlvltles	Support
				(see note	costs (see
				6)f	note 7) f	Totals f.
	Study project			10,822	31,152	41,974
6.	GRANTS	PAYABLE
					31.12.21	31.12.20
					6	f
	Study project				10,822	13,463

	31.12.21	31.12.20
Hungarian Falconry Association	3,072	3,231
Project Lugger	5,000
The Open University	1,500
David Horobin	1,250
British Archives ofFalconry		5,232
Foundation for the Heritage ofKarel Mollen		5,000
	10,822	13,463

				Governance
			Management	costs	Totals
Study project			28392	2,860	31,152
Support	costs, included	in the above, are as follows:
MANAGEMENT
				31.12.21	31.12.20
				Study	Total
				project	activities
					f.
Wages				26,725	26,724
Pensions				1,567	1,568
				28492	28,292
GOVERNANCE COSTS
				31.12.21	31.12.20
				Study	Total
				project	activities
Wages				1,000	1,000
Auditors'	remuneration			1,620	2,340
Bank interest				240	155
				2,860	3,495
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
				31.12.21	31.12.20
					f
Auditors'	remuneration			1,620	2,340

	31December 202	0.
10.	STAFF COSTS
						31.12.21	31.12.20
							8
	Wages and salaries					27,725	27,724
	Other pension costs					1,567	1,568
						29,292	29,292
	The average monthly number ofemployees				during the year was as follows:
						31.12.21	31.12.20
	Employee					1	1
	No employees received emoluments			in excess of860,000.
	Key Management	remuneration	in	the year was f29392(2020:829,292).
11.	COMPARATIVES FORTHE		STATEMENT OF FINANCIAL ACTIVITIES
							Unrestricted
							fundf
	INCOME AND ENDOWMENTS			FROM
	Investment income						42,525
	EXPENDITURE	ON
	Raising funds
	Raising donations	and legacies					3,129
							3,129
	Charitable activities
	Study project						45,250
	Total						48,379
	Net gains on investments						82,418
	NET INCOME						76,564

11.	COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES	-continued
					Unrestricted
					fund
	RECONCILIATION	OFFUNDS
	Total funds brought	forward			1,507,568
	TOTAL FUNDS CARRIED FORWARD				1,584,132
12.	CURRENT ASSETINVESTMENTS
				31.12.21	31.12.20
	Listed investments			1,659,062	1,572463
					2021
	Value at 1 January 2021				1,572,263
	Dividends and interest				40,567
	Management fees				(283)
	Gain in the year				106,515
	Transfer to Treasury Account				(60,000)
	Market value at 31December 2021				1,659,062
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN		ONE YEAR
				31.12.21	31.12.20
				f	f
	Other creditors				130
	Accrued expenses			1,620	1,620
				1,620	1,750
14.	MOVEMENT IN FUNDS
				Net
				movement	At
			At 1.1.21	in funds	31.12.21
				f
	Unrestricted funds
	General fund		1,584,132	102,710	1,686,842
	TOTAL FUNDS		1,584,132	102,710	1,686,842

Net movement	in funds, includ	ed in the above	are as follows:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses f	in funds
Unrestricted General fund	funds		40,568	(44,374)	106,516	102,710
TOTAL FUNDS			40,568	(44,374)	106,516	102,710
Comparatives	for movement	in funds
					Net
					movement	At
				At 1.1.20	in funds	31.12.20
				f,	f
Unrestricted	funds
General fund				1,507,568	76,564	1,584,132
TOTAL FUNDS				1,507,568	76,564	1,584,132

		incoming	Resources	Gains and	Movement
		resources	expended f	losses f	in funds f,
Unrestricted	funds
General fund		42,525	(48,379)	82,418	76,564
TOTALFUNDS		42,525	(48,379)	82,418	76,564

		31.12.21	31.12.20
INCOME AND ENDOWMENTS
Investment income
Dividend income		40,567	42,523
Deposit account interest		I	2
		40,568	42,525
Total incoming resources		40,568	42,525
EXPENDITURE
Raising donations	and legacies
Sundries		638	203
Computer costs		1,762	2,926
		2,400	3,129
Charitable activities
Grants to institutions		9,572	13,463
Grants to individuals		1,250
		10,822	13,463
Support costs
Management
Wages		26,725	26,724
Pensions		1,567	1,568
		28,292	28,292
Governance costs
Wages		1,000	1,000
Auditors' remuneration		1,620	2,340
Bank interest		240	155
		2,860	3,495
Total resources expended		44,374	48,379
Net expenditure		(3,806)	(5,854)