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2022-06-18-accounts

Registered Company Number 12682959 Charity Number 1191207

THE FALCONRY CENTRE, HAGLEY LTD

(A company limited by guarantee)

Report and Unaudited Accounts

30 June 2022

THE FALCONRY CENTRE, HAGLEY LTD Reference and Administrative Details

Directors

Andrew James Plant BSc. (Chairman and Managing Director) Fiona Garvey BSc Justina Gibbs BSc Marie Louise Kubiak BVSC MRCVS Heather Jennifer Brynmore-Jones Samantha Jane Ashfield RVN VNES Gemma Louise Atherton LLB

Independent Examiner

Mr RB Welch MA FCA Chartered Accountant P&W Social Accountants 10 Newent Road Northfield Birmingham B31 2ED

Registered office

The Falconry Centre, Hagley Ltd Kidderminster Road South Hagley West Midlands DY9 0JB

Registered number

12682959

Registered Charity Number

1191207

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THE FALCONRY CENTRE, HAGLEY LTD The report of the trustees for the period ended 30 June 2022

Introduction

The trustees present their annual report and accounts for the year to 30 June 2022.

Objectives and Activities

The Falconry Centre, Hagley Ltd (“TFC”) has the following objectives, as set out in the Articles of Association:

4.1.To promote, for the public benefit, the conservation, protection and preservation of all species of raptors (birds of prey) together with their varying habitats worldwide, through but not exclusively by captive breeding programmes, the treatment and rehabilitation of wild injured raptors and contributing to research into the breeding, habitat and health of all birds of prey.

4.2.The advancement of education of the public generally in the conservation, preservation and welfare of raptors together with the heritage and history of falconry in the United Kingdom and worldwide, through but not exclusively by conducting exhibitions, flying displays and demonstrations together with the production of educational literature and materials to instil amongst other things the importance of species of raptors and their diverse habitat in the wild.

4.3.To advance such other charitable purposes as may be conducive to the conservation, protection and preservation of raptors as the directors may in their discretion from time to time determine, for the benefit of the public.

The main activities in relation to these purposes for the public benefit include operating as a Visitor Centre open to the public. Education is the key to conservation and TFC works to promote a wider appreciation and understanding of birds of prey in the UK and worldwide. TFC is open to the public and engages in educational activities around the Visitor Centre including daily flying displays (weather permitting), question and answer sessions with visitors, educational signage around the Visitor Centre and a wide variety of birds to view in aviaries. TFC also runs Bird Handling Experiences for adults and children aged 5+ to promote public engagement with birds of prey and owls while continuing to educate a wider audience about birds of prey and conservation.

TFC also carries out educational visits in schools, taking a small team of birds to fly indoors in school halls for children of all ages. Children are encouraged to ask questions throughout the demonstrations. Educational visits often tie in with National Curriculum topics being studied at the time, or with particular books being read by the children, to expand their knowledge and understanding of the subjects they are learning.

Additionally, TFC operates a hospital for sick and injured wild birds of prey, engaging in direct, hands-on conservation work. An average of 30 to 50 wild birds are brought into the Centre each year, suffering from trauma, malnourishment, disease, parasitic infection and other medical conditions. These birds are assessed, treated, rehabilitated and returned to the wild as soon as possible. TFC has a great deal of success with these conservation efforts, with an estimated 80% of wild birds returning to the wild. The other 20% either succumb to their condition or are humanely euthanised in accordance with TFC’s Vet, Euthanasia, Post Mortem and Ethical Review Policy.

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THE FALCONRY CENTRE, HAGLEY LTD The report of the trustees for the period ended 30 June 2022

Furthermore, TFC undertakes captive breeding, to maintain the collection of birds housed at the Centre and, where acceptable, to provide birds for demonstration, captive breeding, falconry, and conservation projects both in the UK and further afield. By way of example, TFC has a breeding pair of Rüppell’s Griffon Vultures, a Critically Endangered species, and has this year added a pair of young White-Backed Vultures to the collection. We are looking to engage with other breeders of African Vultures and set up a project with VulPro, a charity based in Africa, so that baby vultures bred here and elsewhere in the UK can be taken to Africa for release into the wild. This project is in the very early stages at the time of writing, but early indications are promising.

TFC also engages in actively supporting other raptor charities and conservation projects, including A Future for Falconry and VulPro, by direct fundraising and/or donations at the discretion of the Trustees.

Non-invasive research is encouraged and undertaken at the Centre. TFC has worked with college and university students to provide information for research projects, including:

•Emailed advice to an American author following a request for information about Medieval falconry and practice in the UK, providing links to suitable primary research resourced and literature;

•Completed a survey for post-graduate research regarding “The use of monitoring techniques in wildlife following release from rehabilitation centres in the United Kingdom”, providing data on monitoring techniques used in conjunction with the British Trust for Ornithology, species rehabilitated and the pros & cons of post-rehabilitation monitoring and the effectiveness for the raptor species listed;

•Facilitating an observational behavioural study on enrichment for an imprinted female Black Vulture as part of a Level 3 Animal Management Study;

•Provided a detailed list of species housed at the Centre including flying and display rotas for a 3rd year Zoo Biology student for a dissertation titled “A Review of Human-Animal Interactions Occurring Between Birds of Prey and Visitors Within Zoos and Falconry Centres in the UK”;

•Participated in a research study done on owl behaviour as part of a Level 3 Animal Management course, including influences of enrichment on the behaviour of owls, providing detailed information on the species of owls housed at the Centre, their feeding, flying and behavioural habits.

TFC also maintains a website and Facebook page to promote the activities of TFC and to directly engage the wider public. A selection of free educational resources and activities are published on the website to promote active learning and engagement with birds of prey and conservation for those unable to visit TFC in person or benefit from an educational visit.

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THE FALCONRY CENTRE, HAGLEY LTD The report of the trustees for the period ended 30 June 2022 Public Benefit

The Trustees confirm that they have had regard to and complied with the guidance issued by the Charity Commission on public benefit. TFC exists to help people understand the importance of birds of prey and wildlife conservation in the UK and worldwide.

Volunteers

TFC also acknowledges the significant contribution made by our volunteers, who work to support us by assisting with routine cleaning, maintenance, and husbandry tasks in and around the Centre. The enthusiastic support and assistance of our volunteers is greatly appreciated by the staff and trustees of TFC.

Achievements and Performance

In June 2021, our new pair of Little Owls, Pip (male) and Pop (female) bred for the first time, successfully hatching 5 babies. One of the males, named Dunkin, is now flying at the Centre for displays and experiences, while the others went to join other flying teams across the UK. Pip is a retired flying bird, so it is great to be flying the next generation of Little Owl at the Centre.

August 2021 was the busiest month ever for the Visitor Centre, with the highest ever gate takings and over 350 people booked on to do Bird Handling Experiences. This is likely to have been in part due to ongoing Covid-19 restrictions that prevented many people from going abroad and holidaying in the UK instead, looking for more local activities. However, it was an extremely successful summer and the staff and birds coped very well with the higher visitor numbers.

In September 2021, a young unrelated pair of White-Backed Vultures joined the team, and are housed on show. They were both creche-reared and are therefore used to being around people, so seem very relaxed on display. It is hoped that long term they will breed, but they are currently immature. Any babies bred from this pair will be donated to VulPro for release into the wild as part of our ongoing commitment to vulture conservation, which is an exciting project to be involved with.

In October 2021, our popular Halloween Owl Evening returned. This is a ticketed event that gives visitors the chance to see our owls flying at dusk, accompanied by an educational and informative talk led by one of our experienced falconers. The evening presents a wonderful opportunity for people to get close to the owls, while learning more about their habits, habitats, threats in the wild, and conservation projects. The event sold out within a week of the tickets becoming available online, and proved to be a huge success.

In February 2022, work completed on a major building project as we finished extending the off-show breeding section to incorporate several new aviaries. The larger aviaries were designed to have no support posts inside the aviary, increasing the amount of open space available to the birds housed within, while maintaining structural stability to the roof with thicker beams and different construction techniques. The aviaries are therefore very large and spacious, suitable for our biggest breeding eagles and vultures.

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THE FALCONRY CENTRE, HAGLEY LTD The report of the trustees for the period ended 30 June 2022

Following a DNA test carried out in April 2022, we are delighted to confirm that our juvenile Ruppell’s Griffon Vulture, Stitches, is male. He hatched in 2020 and should reach breeding maturity at around 7 years old. We have already found an unrelated female in the UK, and the long-term plan is to fly Stitches here for a few years to educate visitors about vultures and the importance of their conservation, before pairing the two up for breeding and sending any babies to Africa via VulPro. We are continuing to build links with other vulture breeders and with VulPro with a view to engaging with direct conservation work and making a meaningful contribution to supporting wild vultures.

2022 saw our best breeding season ever, hatching Northern Hawk Owls, Snowy Owls, Little Owls and Bald Eagles, amongst others. We successfully bred a total of twenty-three babies, two of which (a male Northern Hawk Owl called Frost and a female Harris Hawk called Tweed) have remained at the Centre to fly here, the others have joined flying or breeding programmes around the UK.

We have founded a trading subsidiary, The Falconry Centre Displays Ltd, in response to enquiries about shows and corporate events, which would be non-primary purpose for the charity. The subsidiary now exists to manage any work outside the scope of the charity and will donate its profits to TFC to aid funding our conservation and educational work.

We also invested in a new GPS telemetry system to use while flying birds, which has proven invaluable in tracking birds while they are flying, but has also had the benefit of providing additional information to visitors who have shown great interest in how far and how fast the birds are able to fly, particularly the falcons, during the displays.

2021 to 2022 also saw us resume our school and educational visits, which had been suspended due to Covid. For the period of July 2021 to the end of June 2022, we attended 37 educational sessions in schools and children’s groups, reaching an estimated 1,800 children.

We also took part in DEFRA’s consultation on the proposed revisions to the Secretary of State’s Standards for Modern Zoo Practice, which lays out a number of amendments and updates to animal husbandry and zoo management. The proposed amendments are extensive, and we have submitted our response to the consultation, which was approximately 10,000 words long. We are awaiting the completion of the consultation response review phase before seeing the final draft of the new Standards.

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THE FALCONRY CENTRE, HAGLEY LTD The report of the trustees for the period ended 30 June 2022

We have also this year introduced a new Bird Handling Experience, called the Family/Small Group Experience. This is in response to customer demand for an experience that adults can do with children. It is exclusive to the group booking it, accommodates up to 6 people, lasts for 30 minutes, is suitable for age 8+, and allows the group to fly either a kestrel, an owl and a hawk or buzzard, or three owls instead. These sessions have proven to be very popular, as they are relatively cheap, allow adults and children to fly the birds together, and can be fitted in around other experiences we may be running. Because they are exclusive to the group booking, meaning we do not put anyone else on with them, they have proven to be more accessible to the disabled and those with special educational needs. This is especially so for those with autism or social anxiety disorders, as they are not put into a group with other children/strangers. We have seen an increase in children and adults with special needs booking onto this session, as they are with their own families/carers, including a blind participant who was thrilled to be able to touch some of the birds – which is not something we would normally encourage, and not something that would normally be possible on other experiences, as other participants would then want to touch/stroke the birds as well.

One of our major new projects is the development of a new seating area and flying arena for daily demonstrations, which was mentioned in our previous report. TFC rents a 7.5 acre field adjacent to the Visitor Centre. Webb’s Garden Centre have allowed the development of a walkway between the field and the Centre. This has been split into two separate pathways; one off-show for the easy access of staff and birds, the other for the public. The public path is being developed into a picnic area and Wildlife Walkway, which will feature micro-habitats and information signage about native flora, fauna, and conservation information. This will serve to educate visitors about native species and habitats, and will also feature information about how people can encourage wildlife in their own gardens and other direct conservation measures they can engage with.

The field will be used for a main flying display during the summer months, showcasing the birds’ flying abilities in a large, open area. It was hoped that this project would be completed for summer 2022, but the work to remove the asbestos sheds that were obstructing progress was postponed to August 2022. At the time of writing, work is progressing, and it is hoped that the field will be open for flying displays from Easter 2023, which will coincide with TFC’s 40th anniversary.

Financial Review

The Statement of Financial Activities show net incoming resources for the year of £3,829 (2021: £52,902). Total funds carried forward show £56,731 (2021: £Nil) £52,902 of which £Nil (2021: £Nil) are restricted.

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THE FALCONRY CENTRE, HAGLEY LTD The report of the trustees for the period ended 30 June 2022 Principal Sources of Funding

TFC’s principal sources of funds are from visitors to the Centre, via gate admissions for a general visit or on a pre-booked Bird Handling Experience. Bird Handling Experiences may be purchased as vouchers online, over the telephone or in person at the Visitor Centre. TFC also raises some money via Donations and Birds Sponsorships. Donations and Sponsorships can be made in person at the Visitor Centre or online via the website.

TFC is eligible for Gift Aid and where possible is able to claim this on gate admission fees, Donations and Sponsorships with the permission of the individual purchaser/donor.

TFC also raises funds via its educational visits to schools, which are paid for either by the relevant Local Authority or Academy Trust.

A nominal amount of funding is also raised through the operation of a small gift shop at the Visitor Centre, which offers a selection of souvenirs for visitors to purchase.

TFC is also aware of the existence of several grant-making charities and other organisations, and while this is something we may pursue further in the future it does not form a significant part of TFC’s funding at present.

As mentioned above, TFC has also formed a trading subsidiary to assist with fundraising and non-primary purpose trading, though again this is a nominal part of our income.

Going Concern

The Trustees have reviewed the principal risks and believe that the going concern assumption is appropriate.

Reserves Policy

As a relatively new charity, TFC does not currently have a reserves policy. We will prepare one in line with the Secretary of States Standards for Modern Zoo Practice, which are currently undergoing extensive revisions and is in the consultation response review stage. This is discussed further below. Once the final draft is published, we will publish our reserves policy in accordance with the legislative requirements for zoos.

Investment Policy

TFC does not currently make any money from investments and, as a new charity, currently has no plans to do so.

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THE FALCONRY CENTRE, HAGLEY LTD The report of the trustees for the period ended 30 June 2022 Principal Risks

The principal risks faced by the charity include the ongoing threat of Avian Influenza. This seems to be ‘here to stay’ and is something that we will probably have to learn to live with – much like Covid-19. Bio-security measures remain active, including disinfectant foot mats at every entrance and exit point of the Centre. Baths in aviaries have all been moved under the solid parts of the roofs to prevent wild bird droppings from contaminating the water. The pond in the Visitor Centre has been removed as there were concerns about it attracting wild waterfowl, which carry the highest risk of spreading the disease, and the paths in front of the vulture aviaries have been widened for visitors as a result. As per our previous report, wild bird casualty admissions have been temporarily halted, with casualties being redirected to either Vale Wildlife Rescue, Manor Vets or Taylor & Marshal Vets. The wild bird hospital is being relocated and extended behind the breeding bird aviaries and some new rehabilitation aviaries are being constructed to ensure complete separation between wild birds and those permanently resident at the Centre.

The anticipated increase in energy bills could see some prices rise by 300% or more. Our current average electricity consumption results in a bill of around £200 per month, this could increase next year to £800 - £1,000 per month. As such, TFC is considering the possibility of installing solar panels to offset some of the increase, the costs for which could be at least partially, if not wholly, grant funded. This is something that we will be considering very carefully. We will also be looking at ways to reduce our electricity consumption and other greener energy options.

The anticipated changes to the Secretary of State’s Standards for Modern Zoo Practice (SSSMZP) could have a significant impact on certain operations of the Visitor Centre. This is still in the consultation response review stage and we are awaiting an announcement from DEFRA on the actual content of the new SSSMZP. However, some of the changes we are anticipating include:

•A requirement to hold 6 months’ financial resources to sustain operations in the event of closure (which will affect our Reserves Policy, as mentioned above)

•Refuge areas in all aviaries for the birds to hide from public gaze (most aviaries already feature this but some may need alterations)

•A prevention on the breeding of hybrids (not something that TFC currently engages in as there is no conservation benefit at present)

•Veterinary facilities and the requirement for a dedicated examination room for birds (work had already begun to build one before the draft SSSMZP was published but this is now on hold pending confirmation of the exact requirements)

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THE FALCONRY CENTRE, HAGLEY LTD The report of the trustees for the period ended 30 June 2022

•Any collection with Category 1 carnivores will be required to keep firearms on site specifically to kill any escaped animals (TFC houses a number of birds currently classed as Cat 1, but the new SSSMZP reduces all of these to Cat 2 except for our breeding pair of Snowy Owls. We have objected to this requirement but if it passes without an exemption for birds, the pair will have to be separated as we will refuse to have firearms on site.) •Tethering of birds as a routine management practice will be banned, to be phased out by 31st December 2027 (this will not affect us as we are already free-lofting the vast majority of our flying birds, with only two currently tethered as they are in training and will be free-lofted when ready – the date is also likely to change and this is being hotly contested by many falconers and falconry centres, so some amendments and exemptions may be applied) •Rehabilitation of wild birds must not form an integral part of any zoo (although we engage in rehab it is not integral to our operations so we see no problem in continuing this vital conservation work) and all wild birds must be examined by a vet (not always practical or cost effective and certainly stressful for the bird, this may be amended in the final draft based on consultation responses)

•Extensive record keeping requirements – no less than 85 different policies, procedures, forms and records will need to be kept for small zoos like ours, which will significantly increase our administrative burden, but again we will wait to see the final draft for the actual requirements.

TFC is also mindful that visitor numbers may have been artificially high over the summer again, with people unable and/or unwilling to book holidays or travel abroad, resulting in an increase in those looking for local activities. We also take into account that the rising cost of living may have a negative impact on people’s ability to plan days out and event activities, which could affect gate takings and experience bookings. However, we also note that compared to many other local zoos and attractions, TFC is a very cheap day out – an adult ticket costs only £5.50, compared to £25 at West Midlands Safari Park or £18 for Dudley Zoo, making us more affordable for those on lower incomes.

Based on the previous years’ takings for the Visitor Centre, TFC believes that income over the next 12 months should remain stable and therefore the charity is financially viable.

Structure, Governance and Management

Nature of the Governing Document and constitution of the charity

TFC is a Registered Company Limited by Guarantee with Companies House under Company No. 12682959 and a Registered Charity with the Charity Commission for England & Wales, Registered Charity No. 1191207.

TFC is governed by the Articles of Association as incorporated on 19th June 2020.

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THE FALCONRY CENTRE, HAGLEY LTD The report of the trustees for the period ended 30 June 2022 The methods adopted for the recruitment and appointment of new trustees

Trustees are selected by the invitation of the existing trustees or by application for consideration. Applications may be made in writing or a candidate may be nominated by an existing Trustee. The Trustees may only refuse an application if, acting reasonably and properly, they consider it to be in the best interests of the charity to refuse the application. The Trustees must inform the applicant in writing of the reasons for the refusal within twentyone days of the decision. The Trustees must consider any written representations the applicant may make about the decision. The Trustees decision following any written representations must be notified to the applicant in writing but shall be final.

When considering a nomination or application, the Trustees have regard to maintaining an appropriate range of skills, experience and understanding necessary to promote the aims and objectives of TFC, and to maintain and/or expand on the current range of activities being undertaken. The Trustees will take into account the reasons behind the application and the level of commitment the applicant or nominee is able to make, and are also mindful that a smaller team of dedicated Trustees with specialist knowledge is preferable to a larger, generalised group, to avoid conflicts or stagnation of progress for TFC.

Organisational structure and decision making

The Trustees meet once per year in person to review the activities and achievements of TFC and to consider any administrative matters. Throughout the year the Trustees remain in touch through email and other mobile communications systems and may call Special General Meetings should the need arise to discuss any urgent matters. All Trustees have some level of active engagement with the TFC as either full or part time members of staff, current or historical volunteering, or in a professional consultancy capacity.

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THE FALCONRY CENTRE, HAGLEY LTD The report of the trustees for the period ended 30 June 2022 Statement of Directors' and Trustees' Responsibilities Statement of Trustees' Responsibilities

The trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Declarations

The Trustees declare that they have approved the Trustee’s report above.

Signed on behalf of The Falconry Centre, Hagley Ltd’s Trustees:

Andrew James Plant Chairman of the Trustees & Managing Director 1st March 2023

11

Independent Examiner' Report to the Trustees of the

THE FALCONRY CENTRE, HAGLEY LTD

Respective responsibilities of charity trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of Institute of Chartered Accountants in England and Wales.

Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention to indicate that:

R B Welch FCA MA Chartered Accountant P&W Social Accountants 10 Newent Road Northfield Birmingham B31 2ED

1st March 2023

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THE FALCONRY CENTRE, HAGLEY LTD Statement of Financial Activities incorporating an Income and Expenditure Account Period Ending 30 June 2022

Notes
Income & Endowments
Donations and legacies
3
Charitable activities
4
Total income
Expenditure
Expenditure on charitable activities
5
Total expenditure
Net Income for the year
Reconciliation of funds:-
Total funds brought forward
Total funds carried forward
Net movement in funds		 Current Period
Unrestricted &
Total Funds
2022
£
10,994
145,377
156,371
(152,542)
(152,542)
3,829
3,829
52,902
56,731		 Current Period
Unrestricted &
Total Funds
2021
£
27,402
44,592
71,994
(19,092)
(19,092)
52,902
52,902
-
52,902

13

THE FALCONRY CENTRE, HAGLEY LTD
Company Number
12682959
Balance Sheet
as at 30 June 2022
Note
Tangible assets
9
Investments
10
Total fixed assets
Current assets
Stock
11
Cash at bank and in hand
Total current assets
Creditors:-
amounts due within one year
12
Net current assets
Total assets less current liabilities
Net assets
The funds of the charity :
Unrestricted income funds
Unrestricted revenue accumulated funds
Total unrestricted funds
Total charity funds		 2022
£
18,992
1
18,993
25,000
13,564
38,564
(826)
37,738
56,731
56,731
56,731
56,731
56,731		 2021
£
25,323
-
25,323
-
28,416
28,416
(837)
27,579
52,902
52,902
52,902
52,902
52,902

The directors are satisfied that the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner.

The director(s) acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Signed

Andrew James Plant

Chairman of the Trustees & Managing Director Approved by the Board of Trustees on 1st March 2023

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THE FALCONRY CENTRE, HAGLEY LTD Notes to the Accounts For the year ended 30th June 2022

1 General Information

The Falconry Centre, Hagley Ltd (TFC) is a charitable company registered and domiciled in England. It is a company limited by guarantee and accordingly does not have share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of it being wound up.

Its registered office is The Falconry Centre, Hagley Ltd, Kidderminster Road South, Hagley, West Midlands, DY9 0JB.

2 Accounting policies

Basis of preparation of the accounts

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

TFC meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are presented in £ Sterling, its functional currency and rounded to the nearest £.

Going Concern

The Trustees have prepared the financial statements on a going concern basis on the assumption that their funding will be met. Due to the nature of cash flows, as well as the ongoing impact of the Covid-19 outbreak as explained in the Trustees Report, there is always some uncertainty with regards to income which relies upon donations, grant income as well as gate receipts, however The Trustees believe that income over the next 12 months should remain stable and the charity is financially viable.

Incoming Resources

All income is recognised in the statement of financial activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donations and legacies

Donations are recognised when the Charity has been notified in writing of both the amount and the settlement date. In the event that a donation is subject to conditions that require a level of performance by the Charity before the Charity is entitled to the funds, the income is deferred and not recognised until either the conditions are fully met, or the fulfilment of those conditions is wholly within the control of the Charity and it is probable that these conditions are met within the reporting period.

Grant Income

Grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants relating to revenue are recognised in income over the period in which related costs are recognised.

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THE FALCONRY CENTRE, HAGLEY LTD Notes to the Accounts For the year ended 30th June 2022 2 Accounting policies continued

Expenditure

All expenditure is recognised as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

All resources expended are inclusive of irrecoverable VAT.

Charitable Activities

Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore meets the definition of a Charitable Company for UK corporation tax purposes. Accordingly, the charity is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only.

Fixed assets and depreciation

Depreciation has been provided at the following rates in order to write off the assets (less their estimated residual value ) over their estimated useful economic lives.

Vehicles 25% straight line for each full year of ownership.

Stock

The bird stock is deemed to be a biological asset and is valued at its fair value less costs to sell. The value is reviewed at each reporting date with changes in fair value less costs to sell recognised in the Statement of Financial Activities.

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THE FALCONRY CENTRE, HAGLEY LTD Notes to the Accounts For the year ended 30th June 2022 2 Accounting policies continued

Creditors

Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business. They are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Funds structure policy

The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.

Restricted funds, where they have been provided to the charity for particular purposes, it is the policy of the board of trustees to carefully the monitor the application of those funds in accordance with the restrictions placed upon them.

There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above.

Any other proposed transfer between funds would be considered on the particular circumstances.

Financial Instruments

The charity only has basic financial assets and liabilities of a kind that qualify as basic financial instruments. These are initially recognised at transaction value and subsequently measured at their settlement value.

3 Income from donations and legacies

2022
£
Donations
10,994
Grant income
-
10,994
Of the income received in 2022 £10,994 (2021: £27,402) was unrestricted.
4
Income from charitable activities
2022
£
Visitor admissions
54,868
Experience and event income
77,202
Other income
13,307
145,377		 2021
£
15,233
12,169
27,402
2021
£
12,808
26,874
4,910
44,592

17

THE FALCONRY CENTRE, HAGLEY LTD
Notes to the Accounts
For the year ended 30th June 2022
5
Expenditure on charitable activities
2022
£
Rent and service charges
20,231
Bank and card charges
1,975
Rates
1,249
Insurance
2,748
Light, fuel and heat
5,407
Governance costs
813
Bird expenses
16,982
Costs of employment
64,385
Repairs and maintenance
12,776
Event, gift shop and educational expenses
5,113
Computer and software
772
Marketing and promotion
2,400
Office and general administrative expenses
8,303
Vehicle costs inc depreciation
9,388
152,542
6
Net incoming resources
Net incoming resources for the year are stated after charging:
2022
£
Depreciation (note 9)
6,331
Independent Examiner's fee
800
7
Expenses paid to trustees or persons connected with trustees
8
Staff Costs and Emoluments
2022
£
Gross Salaries
64,385
Pension costs
2,611
64,385
Numbers of full time employees or full time equivalents
2022
Engaged on charitable activities
3
3
No Trustee have received any other renumeration from the Charity during the year.
During the year no Trustee received reimbursed expenses from the Charity.		 2021
£
4,530
538
786
2,226
1,063
813
1,132
1,460
1,542
2,906
451
600
1,045
-
19,092
2021
£
-
800
2021
£
1,460
-
1,460
2021
-
-

There were no employees with emoluments in excess of £60,000 per annum.

18

THE FALCONRY CENTRE, HAGLEY LTD Notes to the Accounts For the year ended 30th June 2022

9 Tangible fixed assets

Costs:
At 1 July 2021
At 30 June 2022
Depreciation:
At 1 July 2021
Charge for the year
At 30 June 2022
Net book value
At 1 July 2021
At 30 June 2022		 Vehicles
£
25,323
25,323
-
6,331
6,331
25,323
18,992

10 Current asset investments

The wholly owned subsidiary, The Falconry Centre Displays Ltd, is a company registered in England and Wales. It is used to operate the non-charities activities of the The Falconry Centre, Hagley Ltd.

The Falconry Centre Displays Ltd has only one share of £1 in issue, which is held by The Falconry Centre, Hagley Ltd.

For the period ending 24 January 2022 to 30 June 2022, the activities and results of The Falconry Centre Displays Ltd were:

Turnover
Profit for the period
11 Stock
Bird Stock
12 Creditors: amounts falling due within one year
Trade creditors
Other creditors
Donations to The Falconry Centre, Hagley Ltd		 2022
£
6,398
(1,500)
4,898
2022
£
25,000
2022
£
800
26
826		 2021
£
-
2021
£
800
37
837

19

THE FALCONRY CENTRE, HAGLEY LTD Notes to the Accounts For the year ended 30th June 2022

12 Operating Leases
2022
£
The future minimum lease payments for operating leases which expire:
within one to five years
63,500
over five years
85,417
148,917		 2021
£
11,458
-
11,458

Two operating leases relate to rental for land and premises.

13 Related Party Transaction

During the 2021 1 Trustee donated £12,000 to the charity to support the purchase of a vehicle.

20