|||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)|