Charlty regl•tr4tlon numb•r 1126612
MARIA FALCO MEMORIAL TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

MARIA FALCO MEMORIAL TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Mr M A Falco
Mr8 J V Falco
Mr R Geggus
Mr K Bunce
Ch•rlty numb•r
1125812
Ind•pend•nt •x•mln•r
Azet$ Audlt Services
7- 8 Britannia Buslness Park
Cam•1 Way
s¢￿then￿on-S09
Essex
Unlled Klngdom
SS2 6GE

MARIA FALCO MEMORIAL TRUST
CONTENTS
P•9•
Trustees, report
Independent examlnerfi r•port
stat¢menl of fin•ncial actlvfti•s
Balance $heot
Not6s1o the financjal 8tstements
8-10

MARIA FALCO MEMORIAL TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Iruslees p￿sent their annual report and financial $tstemenls for the year ended 31 March 2024.
The finanual statements have been prepared in accordance with Ihe acmunts'ng policies set out In note 1 to the
financial stalements and comply wilh Ihe tharily's goveming document. the Charities Act 2011 and 'Accounling and
Reporting by Charities.. Stalemenl of RecommerKled Praclice appllcable lo charitles preparlng their accounts in
accordancR with the Financial Reporting Standaid applicable in the UK and Republic of Ireland (FRS 102)"
(effe¢tsve 1 January 2019).
ObJ•cllv•• and aetlvltl•8
The charitys maln alms are to pro¥lde funds to enable further research into Brea81 Concer, and additklnolly offer
compllmentary therapiès whlch fall into the category of the charty commissions guidance.
The tru$tee$ have paid due ￿98rd to guidance isiued by Ihe Charity Commission in declding what activities the
charlty should undertake.
Achhvom•nts and yrforn)anc•
The Maria Falco charlty made a donation of £25[*￿ to the PAH NHS Trust. The funds helped buy a wl-fl enabled
scroen for the Breast cancer surgery theatre al PAH. The screen Is connected lo the PAH clinical nefviork by w-fi.
The présence of this screen enables the surgeons lo view high resolution images of the bTea6t cancers during
surgery. Prior lo thls being l)ought for the breast thealre the surgeons would have to view the images outside of
theatres.
Flnan¢l•l r•vl•w
It is the policy of the charity that unrestricted funds whi¢h have nol been daslgnaled for a $pe¢rfK use Should be
malnlalned 8t 8 level èquiv8lent to behveen three and six month's expenditure. The Iruslees consider that re5enffjs
al this level will ensure Ihal, in Ihe event of a significant drop In fundlng, they wlll be able lo conlinue the charity's
current activrties while consideration is given to ways in which addrtional funds may be ralsed. This level 01 reserves
ha$ been maintained throughout the year.
Structure, gov•rnane• •nd manag•m•nt
The ¢harity is a company $et up as a trust.
The truslees who served during lh8 year and up to the date of signature of the financial statements were..
Mr MA Falco
Mrs J V Falco
Mr R Geggus
Mr K Bunce

MARIA FALCO MEMORIAL TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
R•f•r•nu and AdmSnl•tr•tlvé d•tal
R•gl•t•r•d Charlty numb•r
1125612
Prln¢lp•l •ddr•••
87 High Vlew
South Woodford
London
E18 2HL
Tru•tM•
M Falco
R Geggu•
J Foleo
K Bun¢e
Indepond•nt Examlner
Paul Ea•t
A2ets Audlt Sorvk••
Chartered Accountants
7￿ Brftannla Bu8lne$8 Park
Com•t Way
Soulh•nd on Sea
E8$ex
SS2 6GE
Bank•r•
Lloyd8 Bank
1 Le99 St,
Chelm$ford
Essex
CM11JS
Th• IN$leès' report wai approvéd by the Board of Tru•tea8.
Mr MA Falco
rru•t••
17 D￿emtser 2024

MARIA FALCO MEMORIAL TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF MARIA FALCO MEMORIAL TRUST
I report to the trustees on my examination of the finan￿al slatemenls of Maria Falco Memorial Trust (the charity) for
the year ended 31 March 2024.
Re$ponsibllltles and basi8 of r¢port
As the trustees of ihe charity you are responsible lor the preparation of the finanGial statemènts in accordance with
Ihe requirernent6 of the Charities Act 2011 (the 2011 Act).
I report In respecl of my ex8minatton of the charity's financial slat6menls carried out under section 145 of the 2011
Acl. In carrying out my examination I have followed all the appllcable Directions given by the Charlty Commlsslon
under section 14515>(b) of the 2011 Act.
Independent •xamin•rf8 8tatom•nt
Your attenllon is drawn lo the fact that Ihe charity has prepared financial slalements in accordance with Accounting
and Reportlng by Charilies preparing thew accounts In accordarice with Ihe Financial Reporting Standard applicable
in the UK and Republlc of Ir8land (FRS 102) in preference to the Accounting and Reporting by Charities.. Statement
ol Recommended Practice issuéd on 1 April 2005 which is referred lo in the extant regulations bul has now been
withdrawn.
l understand thal this has been done in order for finanGial statements to Provide a twe and falr vlaw in accordance
with Generally Accepted A¢￿untIng Practice effective for reporting pèriods beginning on or after 1 January 2015.
I have completed my examination. l confirm that no mallers have come lo my attention in Connectton with Ihe
éxamination giving me cause to boliève thal in any malerial respect..
accounting records were not kept In respocl of th& charfty as requlred by Section 130 of the 2011 Acl; or
the fin8nci81 statements do nol accord with Ih06e records., or
the financial slatemenls do not comply with the applicable requlrements concemlng the fom) and content of
a¢￿UnIS sel oul in the Charitie5 IAccounts and Reports) Regulations 2008 other Ihan any requirement that lh8
a¢counl$ give a true and falr vlew which Is not a matter considered as part of an independent examination.
I have no concems and hava come across no other matter3 In conn80tion with Ihe examln81ion to which attention
shou
be draw
in Ihis report in ordèr lo enable a proper understanding of the financial stalements lo be reached.
Paul East
FCCA
Azets Audlt S•rvlc
7 - 8 Britannia Business Park
Comel Way
Soulhend-on-sea
Essex
SS2 6GE
Uniled Kingdom
Dated." 17 December 2024

MARIA FALCO MEMORIAL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrnstrlct•d Unmtrkted
fund•
funds
2024
2023
Not••
Donations arK* legacies
other trading activities
12,883
30,171
12,887
Total Incgm•
43.054
12.867
Ralsing fund$
14.461
Charltable actlvltles
26,500
Totsl •xp•ndltur•
40.961
N•t InGorn• for th• y•arl
N•t mov•m•nt In funds
2.093
12.226
Fund bal•nce$ a11 Aprll 2023
60,799
38,573
Fund balanc•• at 31 March 2024
62,892
50.799
The 6talement of financlal a¢tivlll•$ Includes all 9ain• and108868 r•cognl8od In the year.
All Inc¢m8 and •xp•ndlture deilve from conllnulng advttle8.

MARIA FALCO MEMORIAL TRUST
BALANCE SHEET
AS AT31 MARCH 2024
2024
2023
Not••
Cuff•nt a•••ts
Ca$h at bank and in hand
54,392
50.799
Cr•dftorn: amounts f•lllng du• wtthln
y•ar
11
(1,500)
Ngl current o•$eti
52,892
50,799
In¢om• furHI
Unrestrlcted fund8
52.892
50.799
52,892
50.799
The finan¢lo1 •talement8 were approved by th• Trustees on 17 Decernbèr 2024
Mr M A Falco
Tnb•t••

MARIA FALCO MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcio8
1.1 Ac¢ounOng conventlon
The financial statèmenls have been prepared in accordance with the charity's Igoveming do¢ument], Ihe
CharSti8s Act 2011, FRS 102 'The Financl31 Reporting Standard applicable in the UK and Republic of Ireland"
('FRS 102") and the Charities SORP "Accounting and Reportin9 by Charilles.. Slalemenl of Recommended
Practlce applicable to charilies preparing their accounts In accordance with the Financial Reporting Standard
applicable in Ihe UK and Republic of Ireland (FRS 102)" (effectlve 1 January 2019). The tharity Is a Publlc
Benefil Entity as defined by FRS 102.
The ch8flty has taken adv8ntsge ol the provisions in the SORP for charities not to prepare 8 Stslement of
Cash Flows.
The Ilnanclal statements are prepared In sterling, whlth 18 the functional currency of the charrty. Monetary
amounts In those financlal stalemenls are rounded to the nearest £.
The financial slalement8 have been prepared under the h1stori￿1 cost conventlon. The prln¢lpal accounting
pollcies adopied are sel out below.
12 Golng conc•m
At the lime of approving thè flnan¢ial $tstements, ￿ tnistees have a roasonable expectatlon thal the charlty
has adequate resources lo ¢ontlnue In operatlonal exlstence for the foreseeable future. Thu8 the trustee8
¢onllnue lo adopt going concarn basis of accounting in preparing the financial statements.
1.3 Ch•rll•bl• lund•
Reslri¢ted funds are subject to 8poclfic conditions by donors as to hr)w they may be used, The purposes and
U8e8 of the restrlcled funds are Set out in the note$ to the financial 8tatements.
Endowment funds are subject to specific condttlons by donors that the capital musl be maintalned by the
charlly.
1A Incom•
Income is recognisèd whèn the charbty is lagalty enlilled lo it afier any performonce conditions have been met,
the amounts can ba maasured reliably, and it is probable that income wlll be recelved.
Cash donallons are recognlsed on recelpl. Olher donations are recognlsed once the charity has been nolified
of the donation, unless perfomiance conditions require deferral of th& amount. Income tax recoverable In
relation to donations received under Glft Ald or deeds ol covenant is recognised at the tsme of the donation.
Legacies ore recognised on receipt or otherwlse rf Ihe ¢h8rty has been notifi•d of an impending distrbulion,
the amount is known, and receipt 1$ expected. tt the amount 18 not known, Ihe legacy is Ireated 89
conlingent asset.

MARIA FALCO MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
A¢counting poll¢ies
(Contlnugd)
1 ￿ Exp•ndliure
Expèndlture Is recognised once there Is 8 legal or constructive obligation to transfer economic benefit to a
thSrd party, li 1$ probable that a transfer of econornic benefits will be requKed In 8eltleffftnt, and the amount of
Ihe obligalion can be measured reliably.
Expenditure is clay$ified by actI￿ty. The costs of each actlvity are made up of the tolal of direct costs and
shared costs, induding support co818 involved in underiaking each activity. Direct co$1$ attrSbulable lo a slngle
a¢tiMty are allocated directly to thal 8Ctivity. Shared costs which contribute to more than one activity and
Support costs which arè not attributable to a single activity a￿ apportloned between those activities on a basis
consistent with the use ol resouTCèS. Central staff costs are allocaled on the basis of limg spenl, and
depreciation charges are allocated on the portion of Ihe a86et's use.
1.6 C••h and ¢ash •qulvahnl•
Cash and cash equivalents Include cash In hand, deposlts held al call viith banks, other 8hort-tem liquid
Inveslmenls wilh original maturities of three monlhs or1666, and bank overdrafts. Bank overdrafts are shown
within borrowings in ajrrent liabilities.
B•sle flnanelal assets
Basic financial assets, which Include deblors and cash and bank balances. are initially measur&d at
transaction prlce Includlng transaction costs and are subsequenlty carried al amortised cosl using ihe effective
Interest melhod unless the arrangèment Constilutes a financing transactlon, wh&re Ihe transactlon is
measured at the present valua of the future receipts discountad at a market rale of interest. Financial assets
cla6sIf￿d as receivable within one year are not amortised.
B•sl¢ flnanclal Ilabllltles
Basi¢ financial liabilities, including cigditor8 ond bankloons are inltially recognlsed 8t transactlon price unless
the arrangement con8tilut88 8 financlng transactSon. where the debt in5tiument is measured al the present
value of the future payments dlscounled at a markel rate of Int0re6t. Financlal118bllities cla881ffied 8s payable
wilhin one year are not amortised.
Debt instruments are subsequently ¢arvièd at amortised cost, using the effpctive Inler86t rato method.
Trade creditor$ are obligations lo pay for goods or Services that have been acqulred in the ordinary course of
operalion$ from suppliers. Amounts payable are classifie(l as current liabilities if payment is due wtthin one
year or less. 11 not, they are pr9senled as non.currenl liabilities. Trade creditors are recognised initially al
transactlon price and 5ubsequenlly measured al amortised cost using the effective interest method.
Dereeognltion of fin•nclal Il•blllll•s
Financial liabilities are derecognised when the charitys contractual obllgations expire or are di$eharged or
cancelled.
1.7 Empbyeè ben•fil•
The cost of any unused hollday entMement is recognised in the period in which the employee's seNlces are
received.
Torminallon benefrts are recognis•d immediately as an 8xpens8 when the Gharity is demonstrabty committed
lo temiinate the employment of an employee or to proifjde terrninats'on benefits.

MARIA FALCO MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Crftlcal aecounllng e8tlmat88 and ludg¢ments
In the applicallon of the charitys accounllng policles, thg trustees are required to make judgements, estimates
and assumplions about the ¢arrying amount of assets and liabilities thal are not readity apparent from other
sources. The estimates and associated assumptions are b8sed on historical experience and other factors thal
arè conSide￿d to be relevant. Actual result6 may differ from these estimates.
The estimalos and underlying assumptions affj reviewed Dn an on9olng basls. Revisions to 8c¢ounting
eSt￿nateS are recognised in the period in which Ihe estimate is revised where the revision affects only that
period. or in the perlod ol the revision and future perlods where the revision affects both current arKI future
periods.
Don•tlon• and log•ch•
Unr••trlct•d Unrnstrfctsd
fund•
fund•
2024
2023
Donalkjns and glfts
12.883
12.867
Oth•r tradlng aelfvitl
Unmtrlctsd
fund•
Total
2024
2023
Fundraising evenl8
30.171
Rahlng fund•
Unr••trl¢tod Unr•strf¢t•d
fund•
lund•
2024
2023
staging fundraising events
Other fundralsing costs
13.991
470
Fundraising ond publirity
14,461
14,461

MARIA FALCO MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Gharltabh a¢tlvltl••
Ch*rltabl•
Ex￿ndItur•
2024
2023
Charitable expendiiure headlrvj 1
25.000
Sharo of govemance co8ls (see note n
1,500
26.500
Support ¢o•ts
8upport Gov•manc•
¢o•ts
¢o•ts
2024
Audlt feos
1,500
1,500
1,500
1,500
Analyi•d betsveen
Charitablè actlvltlel
1,500
1,500
Governan￿ ¢0$18 indudes paymenls lo the auditor8 of £1,500 (2023- £0) for audit fo88.
Tru•t•••
None of th• tru816oJ (or any persons connocled wilh thom) recelved any romuneratlon or benefit8 from th•
charity during tho year.
Employ•••
Th• •veragè monthly number of employees during th• year was:
2024
Numb•r
2023
Numb•r
Theie were no employees wlwse annual remuneratlon VAS more than £80,000.
10 Taxatlon
The charlty is exempt from tax on income and galns falling wllhin section 505 of ihe Taxes Act 1988 or section
252 of the Taxalionof Chargeable Galns Act 1992 to the exlent that these are applied to its charitable objects.

MARIA FALCO MEMORIAL TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11 Cr•dltoro: amounts falllng du• wlthln on• y•ar
2024
2023
Accruals and deferred incom•
1,500
12 R•lat•d p•rty tr4n•i¢tlon•
Th•rn w•r• no dildo￿ble r•lat•d party traniadlon8 durln9 the year (2023 - nollo).
10-