Registered Company Number 12682959 Charity Number 1191207 THE FALCONRY CENTRE, HAGLEY LTD (A company limited by guarantee) Report and Unaudited Accounts 30 June 2024 PoLKADOTOwELIKEFr
THE FALCONRY CENTRE, HAGLEY LTD Reference and Administrative Details Directors Andrew James Plant Bsc. Ichaimian and Managing Director) Fiona Davenport Bsc Justina Gibbs Bsc Marie Louise Kubiak BVSC MRCVS Heather Jennifer Brynmor&Jones Samantha Jane Ashfield RVN VNES Gemma Louise Alherton LLB Independent Examlner Mr RB Welch MA Retired Chartered Accountant P&W Social Accountants 10 Newent Road Northfield Birmingham B312ED Registered office The Falconry Cenlre, Hagley Ltd Kidderminster Road South Hagley Wesl Midlands DY9 OJB Reglstered number 12682959 Registered Charity Number 1191207
THE FALCONRY CENTRE, HAGLEY LTD The report of the trustees for the period ended 30 June 2024 Introduction The trustees present their annual report and accounts for the year to 30 June 2024. Objectives and Activities The Falconry Cenlre, Hagley Ltd I'TFC'I has the following objectives, as sel 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 varwng habitats worldwide, through but not exclusively by captive breeding programmes, the treatment and rehabililalion of wild injured raptors and contribub'ng lo 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 bul not exclusively by conducting exhibitions, flying displays and demonstrations together with the production of educational literature and materials lo 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 lo the conservation, protection and preservation of raptors as the directors may in their discretion from lime lo 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 lo the public. Education is the key lo 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 lo 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 lo 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 lo ask questions throughout the demonstrations. Educational visits often lie in with National Curriculum topics being studied al the lime, or with particular books being read by the children, lo expand their knoedge 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 10 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, Irealed, rehabilitated and returned lo the wild as soon as possible. TFC has a great deal of success with these conservation efforts, with an estimated 800/0 of wild birds returning to the wild. The other 20Q/o either succumb to their condib.on or are humanely euthanised in accordance with TFC'S Vet. Euthanasia, Post Mortem and Ethical Review Policy.
THE FALCONRY CENTRE, HAGLEY LTD The report of the trustees for the period ended 30 June 2024 Furthermore, TFC undertakes captive breeding, to maintain the collection of birds housed at the Centre and, where a¢ptable, 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 Ruppell's Griffon Vultures, a Critically Endangered species, and has this year added a pair of young While-Backed Vultures lo 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 lo Africa for release into the wild. This project is in the very early stages al 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 andlor donations at the discretion of the Trustees. Non-lnvasive research is encouraged and undertaken at the Centre. In the past year, TFC has worked with college and university students to provide information for research projects, including completing a primary research questionnaire on Peregrines lo advice on conservation status, historical population decline, current eslimaled population, ongoing threats, and facts about biology and taxonomy for a sludenl on an extended project qualification regarding fluctuating populations. We also participated in completing a research study for a final year biology graduate completing a dissertation on sensory enrichment for captive birds of prey. Furthermore, we provided photos and references lo Marie Kubiak for her published article on Administering Analgesia lo Birds." NSAIDS, Opioids & Other Agents. 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 lo promote active learning and engagement wth birds of prey and conservation for those unable to visit TFC in p8rson or benefit from an educational visit. 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 lo 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 lo 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.
THE FALCONRY CENTRE, HAGLEY LTD The report of the trustees for the period ended 30 June 2024 Achlevements and Perfomiance Visitor numbers have increased again compared lo last year, wilh 8n estimated 9,500 people visiting in the last 12 months. We made full use of the Flwng Field over the summer for the first lime and this was extremely successful with plenty of positive feedback from visitors, many of whom made return visits and were eager to see the display in the field. Some people have commented that they prefer displays in the smaller arena where the birds are closer to the audience., having the main 1 pm display in the field and the 3..30pm display in the smaller Experiences Arena has worked very well with many visitors watching both displays. Our Family Fun Day was held on the first Sunday in September 2023, and raised around £1,200. The Trustees decided to move the fun day from September to June in 2024, to take advantage of the potential for better weather and lo avoid the end of the school summer holidays. This turned out to be a very popular event, falling 9th June 2024, and raised nearly £2,000, showing a significant improvement on the September date. This is likely lo remain a permanent fixture each year, and the funds raised can be applied to either specific projects or for the general maintenance of the visitor cenlre. On the SLJbject of events, we have experimented with introducing some new featLJres and themed dates. From 25th March to 7th April, we ran an Easter Egg Trail. This activity sheet was provided free of charge with every children's admission ticket,. children had to find brightly painted easter eggs dolled around the aviaries, which could be lifted up to reveal a nest underneath. They needed to count the eggs, fill in the sheet, and hand il in at our Gift Shop, where they were entered into a prize draw to win a free family admission for a return We ran a similar dragon-lhemed trail with a mystery word lo find for St. George's Day weekend, along with an emphasis on British birds during the flying display for April. Both of these trails were popular with the children and we received good feedback from adult visitors. The only event day in 2023 that was not successful was our Wildlife Weekend.; due lo poor weather the Worcester Wildlife Trust did not attend as planned, and there were hardly any visitors around. In October, we introduced a new online booking system. We owe huge thanks lo Mr Mark Weaver, who built and coded the system from scratch for free lo help support TFC. This system now means that when a customer buys a gift voucher for a Bird Flying Experience through our website, the voucher is automatically emailed lo them with a reference number and entered onto an online database. They can then use a linklQR code in the voucher lo access an online calendar to choose date for the experience themselves, and the booking confirmation is also sent automatically. Copies of vouchers and confirmations are emailed lo TFC, allowing us lo monitor and manage bookings as usual.
THE FALCONRY CENTRE, HAGLEY LTD The report of the trustees for the period ended 30 June 2024 By far the most popular event was out"Birthday Weekend" in June, the takings on the gate for that weekend exceeded £1,300 and visitors enjoyed extra flying displays, opportunities lo fly birds, a cake stall and a raffle. The weekend was so popular that we may move our annual Family Fun Day from September lo the second weekend in June instead. We have also introdud a regular 3'.30pm flying display every day which started in April and will run through lo the end of October, slopping over the winter to coincide with our shorter opening hours at that time of year. Alhough il is a new feature for this year il has proven very popular, allracling additional visitors later in the day who know they will be able lo come in and see birds flying in the afternoon. The 1 pm remains the main display bLJt we have been pleasantly surprised by the number of extra people coming in specifically lo watch the later display. Some days we have even noted that there are more people at 3..30pm than at 1 pm, particularly weekdays during term time, so this wll likely remain as a permanent feature. The addition of a "What's on Todal, board outside the Gift Shop has helped to clarify to visitors what is happening each day, when, and where {e.g. the Experiences Arena or the Flying Field). Over the telephone, we enter the details online and send voucherslbooking confirmations th just a few clicks. When people come into the entrance, vouchers can be done on the laptop. If they bring in a voucher to book, simply scanning the QR code on our own phones allows us to book them inl This system has significantly decreased our administrative burden and the number of telephone calls that we are receiving. The system is working incredibly well, wlh only a few minor bugs easily fixed after launching. We plan to expand the system in 2024 to allow customers to book a dale al the lime of purchase, giving a calendar showing available dates up to six weeks ahead. We are extremely grateful lo Mark for all of his efforts in building and maintaining this system for us. Financial Review The Statement of Financial Actimties show net incoming resources for the year of £25,736 12023.. £16.991). Total funds carried forward show £99,45812023'.£ 73,7221 £99,458 of which are unrestricted12023.. £73,722}.
THE FALCONRY CENTRE, HAGLEY LTD The report of the trustees for the period ended 30 June 2024 Principal Sources of Funding TFC'S principal sources of funds are from visitors lo the Centre, via gale 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 Cenlre. 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 purchaserldonor. TFC also raises funds via ils educational visits to schools, which are paid for either by the relevant Local Authority or Academy Trust. A nomin81 amount of funding is also raised through the operation of a small gift shop at the Visitor Cenlre, which offers a selection of souvenirs for visitors to purchase. TFC is also aware of the existence of several grant-making chartties and other oryanisalions, and while this is something we may pursue further in the future il does not fom a significant part of TFC'S funding at present. TFC has a trading subsidiary to assist with fundraising and non-primary purpose trading, though again this is a nominal part of our income. TFC has now joined easyfundraising.org.uk, a free fundraising platform. When shopping online, selected retailers will donate to a shopper's chosen charity, without cost lo the customer. There are over 8,000 relailerslonline merchants who donate to easyfundraising. Reviews of this sile are mixed with some charities sawng that they do not receive all of their donations or issues with receiving payments, but others saying il works well. We do not expect to receive much from it, bul with the closure of Amazonsmile, il is an alternative possibility for raising some extra donations, and we will see if it is successful. Going Concern The Trustees have reviewed the principal risks and believe that the going concern assumption is appropriate. Reserves Pollcy TFC does not currently have a reserves policy. We are anticipating a requirement for zoos under Ihe revised Secretary of Stales Standards for Modern Zoo Practi, which we are still waiting for publication. We have heard rumours but no subslanliated documentation as to what the revised document will contsin, as there have been further reviews and consultations which we were not privy to. Once the final draft is published, we will publish our reserves policy in accordance with the legislative requirements for zoos. The Trustees have agreed to open a savings account but the bank requires all Trustees to sign the documentation lo open such an account, which will be done for 2024.
THE FALCONRY CENTRE, HAGLEY LTD The report of the trustees for the period ended 30 June 2024 Investment Policy TFC does not currently make any money from investments and currently has no plans lo do so. Prlnclpal Rlsks As per the previous Trustee's Report, the principal risks faced by the charity include the ongoing threat of Avian Influenza. Bio-security measures remain active, including disinfectsnt fool mats al every entrance and exil 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. Admission of wild bird casualties has resumed as we see this as an important part of our conservation work,. however, casualties are assessed and admitted on a case-by-case basis and any conrn over a possible bird flu case is directed immediately to a veterinary practice and is not brought to TFC. The wild bird hospital is therefore being relocated again- we are now moving it lo an area adjacent lo the Flying Field, lo ensure wild birds are kept entirely away from our birds. Casualties are admitted in the entmnce, placed in a designated box only used for wild birds, and taken straight lo the field hospital where there are rehabilitation aviaries In place, and a dedicated hospital under construction for completion in 2024-25. The previous hospital will now only be used for our resident birds. The anticipated changes lo the Secretary of Slate's Standards for Modern Zoo Practice ISSSMZPI still have not yet been published. the last update was on 6th September 2022 to stsle that they are still considering consultation responses. Apparently, a further review has taken place in consultation with a working committee that included representatives from other zoos and falconry centres, but TFC was not invited to participate and has no information about the revised draft, which has not been disclosed to anyone outside of that committee. There has been no further communication since then, so we are still wailing lo hear how any changes may affect TFC. TFC is also mindful that continued concern over rising livings costs could impact visitor numbers and the number of Experiences being purchased. However, we again note that compared to many other Ioc81 zoos and attractions, TFC is a very cheap day out- an adult ticket costs only £6.00, compared to £25 at Wesl Midlands Safari Park or £18 for Dudley Zoo. Wild Zoological Park have this year increased their admission prices to over £20 for an adult. We also note that visitor numbers have increased compared to last year. The Trustees have agreed lo keep the prices fixed for 2024 for the benefit of visitors on lower incomes., we will consider a nominal increase in 2025 bul a decision will be taken on this in Autumnlwinler of 2024. Based on the previous years. takings for the Visitor Cenlre, TFC believes that income over the next 12 months should remain stable and therefore the charity is financially viable.
THE FALCONRY CENTRE, HAGLEY LTD The report of the trustees for the period ended 30 June 2024 Structure. Governance and Management Natu of thg Govgrning Document and constitution of thg 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 & W81es, Registered Charity No. 1191207. TFC is govemed by the Articles of Association as incorporated on 19th June 2020. The methods adopted for the rgcruitment 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 refuse an application if, acting reasonably and properly, they consider it lo be in the best interests of the chari(y to refuse the application. The Trustees must inform the applicant in writing of the reasons for the refusal within twenly-one days of the decision. The Trustees musl consider any wrillen representations the applicant may make about the decision. The Trustees decision following any written representations must be notified lo the applicant in writing but shall be final. When considering a nomination or application, the Trustees have regard lo maintaining an appropriate range of skills, experience and understanding necessary to promote the aims and objectives of TFC, and to maintain andlor 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 alarger, generalised group, to avoid conflicts or slagnalion of progress for TFC. Oryanlsatlonal structure and declslon maklng The Trustees meet once per year in person to review the activities and achievements of TFC and lo 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 mallers. All Trustees have some level of active engagement wth the TFC as either full or part time members of staff, current or historical volunteering, or in a professional consultancy capacity. Namgs and addrgsses of adviTsgrs TFC wishes lo thank Rachel Paget of Polkadot & Ellis Accounlanls, The Barn, 173 Church Road, Northfield, Birmingham, B312LX for her invaluable advice and assistance in preparing TFC'S annu818ccounls and helping the Trustees comply with their reporting requirements. Her enthusiasm, dedication, and support throughout the year have all been greatly appreciated.
THE FALCONRY CENTRE, HAGLEY LTD The report of the trustees for the period ended 30 June 2024 Statement of Directors. and Trustees, Responsibilities Statement of Trustees. Responsibilities The trustees Iwho 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 Acwunling Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees lo 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 reSoUrs, including the income and expenditure, of the charitable company for that pericKI. In preparing those financial statements, the Iruslees are required lo.. select suitable accounting policies and then apply them consislenlly., observe the methods and principles in the Charities SORP., make judgements and eslimales that are reasonable and prudent., stale whether applicable UK accounting standards have been followed, subject prepare the financial ststemenls on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose wth reasonable accuracy at any lim8 the financial position of the charitable company and lo enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitsble 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. Dg¢laration¥ The Trustees declare that they have approved the Trustee's report above. Signed on behalf of The Falconry Cenlre, Hagley Lld's Trustees.. A,7 6Lv Andrew James Plant Chaimian of the Trustees & Managing Director 7th March 2025
Independent Examiner. Report to the Trustees of the THE FALCONRY CENTRE, HAGLEY LTD Respgctlvo rosponsibilitlgs of charity trustegs and examiner The trustees Iwho are also the directors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The charity's Iruslees 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 did not exceed £250,000 and therefore l am qualified lo undertake the examination by experience. Having satisfied myself that the charity is not subject lo audit under company law, and is eligible for independent examination, it is my responsibility to.. examine the accounts under section 145 of the 2011 Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 14515llbl of the Charitses Act., and slate whether particular mallers have come lo my attention. Basis of independent examinevs 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 presenled with those records.11 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 eviden 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 lo those matters set out in the statement below. Indapondant gxaminer's stat8mont In connection with my examination, no matter has come lo my allenlion to indicate Ihal.. accounting records have not been kept in accordance with section 386 of the Companies Act 2006- the accounts do not accord with such records., where accounts are prepared on an accruals basis, whether they fail- or to comply with relevant accounting reqU1MentS under section 396 of the Companies Act 2006, or are not Consistent with the Charities SORP IFRS1021 any matter which the examiner believes should be drawn to the attention of the reader to gain a proper understanding of the accounts. R B Welch MA Retired Chartered Accountant P&W Social Accounlanls 10 Newenl Road Northfield Birmingham B31 2ED 7th March 2025 io
THE FMLCONRYCENTRE, HAGLEY LTD Stoternent of FiD#O¢ial A¢tiYities Incorpornn0all Inc47rn• and Exyndltur• Attount Yoar Ending 3D Jun 2024 UMesttittÈd Restrkt•dFun T¢tal Fund& T¢i•lFund& UniE5trirted Fd5 Not•s 2024 2024 2024 2023 In¢0&End0&Is DonatlQll5andlÈgauÈS 4.20D 8.2 7Q.665 L.561 184.972 L89,172 171,046 8.2 L.246 18.2WI TDtsIezpd I8.2) Nelln¢?mpfvrthE yeai t6.1 16.wl N•tfflovem•rlln lurth 16.1 ft4¢on¢ll•tkJnoffunds'.- 56.7ZI Tithltund& mEdrIEr ,Q58 99.458 73.722
THE FALCONRY CENTRE. HAGLEY LTD Company Number 12682959 Balanca Sh88t as at 30 June 2024 Note 2024 2023 Taroible ass8ts InvÈstmÈnls 6.330 12.661 Total fixedassets 6.331 12.662 Current assets Stock Debtor5 Cash al bank and in hand T¢)talfjurrentéssets 74.145 6,948 14.089 95,182 51.345 4,878 7.044 63,267 Crèditors'.- atnounts due urithin one year 12.0551 12.2071 Net ¢urrertt assets 93,127 61,060 Totsl 8ss8ts less curnntll8bllltles 99,458 73,722 Net assets 99.458 73,722 The funds ol the charlty.. Unrestricted income funds Unreslricled revenue accumulated funds Total unrestricted funds 99,458 73,722 99,458 73,722 Total charlty funds 99.458 73,722 The dIreCrS 8re sBlisfied IhBI the charitsble company w£s enbued io exemption from the requirement to obt£in an audit under section 477 of the Compani85 Act 2006 and that no member or rnembers have required the GnpanY lo obtain an audit of Its actounts for the ye8r in que5lion in accordance with section 476 01 the Act. However, in a¢wrdan¢e with se¢tlon 145 of the Charilies Act 2011. the accounls have been examined by an Independent Examiner. The director{51 acknomdedge Iheir responsilItY for Gixnplying wlh the requiren*nts of the Companies AGt 2006 with r8SP8Gt to a¢¢ountlng record$ 8nd the pparatI0rn of 8¢¢ounw. Thè account5 have been prepared in ac¢ordan¢e with the prow$1¥ in Part 15 of the ¢omp$nie$ Acl 2$ appli¢sble 10 companies subject to Ihg sm311 COTnpanies regiTne in aCdanCe Wth the Financial Reporting Standard for Smaller Entitles leffe¢UveAprll 20081. Signed Andrew James Plant Chairman of the Trustees & Managing Director Approved by the Board of Trustees on 7th Marth 2025 12
THE FALCONRY CENTRE, HAGLEY LTD Notes to the Accounts For the year ended 30th June 2024 1 General Information The Falconry Centre, Hagley Ltd ITFCI is a charitable company registered and domiciled in England. It is a company lirllited by guarantee and accordingly does not have share capital. Every member of the cornpany 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 r8gistered Offi is The Falconry Cgntre, Hogl8y Ltd, Kidderminster Road South, H8gley, West Midlands, DY9 OJB. 2 Accounting policies Basis of preparation of the accounts The financial statements of the charitable company, which is a public benefit ents'ty under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 Accounting 8nd 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 IFRS 1021 (effective 1 January 20191., Financial Reporting Standaid 102 'The Financial Reporting Standard applicable in the UK and Republic ol Ireland, and the Companies Act 2006. TFC meets the definition of a public benefit entity under FRS 102. Assets and liabilities are inits'ally recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. The financial statements are presented in £ Sterling, ils functional currency and rounded lo the nearest £. Going Coneern The Trustees have prepared the financial statements on a going concern b8SiS On the assurnption that their funding will be met. Due to the nature of cash flows, as well as the ongoing impact of the Ctsvid-19 outbreak as explained in the Trustees Rert, there is always some uncertainty with regards to income which relies upon donations, grant income as wéll as gaté réeèipts, however Th8 Trustè8g b81i8Vè that incomè ovér tha nèxt 12 months should remain stable and the charity is financially viable. Incoming Resources All incorre is reoognised in the statement of financial activities once the charity has entitlement lo the funds, il is probable that the income will be received and the amount can be measured reliably. Dort•tion$ and lego¢i¢$ Donations are recognised when the Charity has been notified in WTiling of both the amount and the settlement date. In the event that a donation is subject to tonditions that require a level ol perfomance by the Charity before the Charity is entitled to the funds, the income is deferred and not recognised until either the conditions are fully m8t, or the fuifilment of thos8 condition5 is wholly within the control of the Charity 8nd it is probab18 that th8S8 conditions are met within the reporting period. Grant Income Grants are recognised based on the aecrual model and are measured at the lair value ol the asset received or receivable. Grants relating to revenue are recognised in income over the period in which related costs are iecognised. 13
THE FALCONRY CENTRE, HAGLEY LTD Notes to the Accounts For the year ended 30th June 2024 2 Accounting policies Gontinued 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 8 transfer of economic benefits wll 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 lo the category. Where costs cannot be directly attributed to particular h9adings they have bgen allocated to activities on a basis consistent with the use of resources. All r8sources 8XP8nd8d ar8 inclusiv8 of irr8COV8rab18 VAT. Charitable Activities Charitable expenditure comprises those costs incurred by the Charity in the delivery ol its activities and setvices for its beneficiaries. It includes both costs that can be allocated direcuy lo such activities and those costs of an indirect nature necessary to support them. Taxation The Charily is considered to pass the tests set out in Paragraph 1 Schedule 6 of ihe Finance Act 2010 and therefore meets the definition ol a Gh8rit8ble Company for UK corporation tsx purposes. Accordingly, the charity is exempt from income and corporation tax lo the exient that its income and gains are applicable to charitable purposes only. Fixed assets and depreciation Depre¢ialion has been provided al the following rates in order lo write off the assets (less their eslirllaled residual value l over their estimated Ljseful economic lives. Vahidès 250h straight linè for èaeh full yèar of ownérship. 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 ieviewed at each reporting date wth changes in fair value less costs to sell recogni5ed in the St8tetnent (rf Financial Activities. 14
THE FALCONRY CENTRE, HAGLEY LTD Notes to the Accounts For the year ended 30th June 2024 2 Accounting policies Gontinued Creditors Creditors are obligations to pay for goods or seNices that have been acquired in the ordinary course of business. They are recognised initially al the transaction price and subsequently measured al 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 ¢apital and eapital investment. Restricted funds. where they have been provided to the charity for particLJlar purposes, it is the policy of the board of trustees to carefully the monitor the application of those funds in accordance with the restrictions plad upon them. There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that d8sGribed abovg. Any other proSed transfer between funds would be considered on the particular circumstances. Flnanclal Instmm8nts The charity only has basic financial assets and liabilities of a kind that qualify as basic financi81 instruments. These are initially recognised at transaction value and subsequently measured at their settlement value. 3 Ineomè from donatlons andlogaelès 2024 2023 Donations Gift Aid donations frotn subsidiary Grant in¢ome 3,121 52,299 4,200 7,710 54,755 8,200 59,620 70,665 Of the income received in 2024 £55.42012023'. £62.4651 was unrestricted. £4,200 was restri¢ted12023.' £8,200). 4 Income from charitable activities 2024 2023 Visitor admissions Sponsorship Experience and event income Other income 56,052 2,370 44,075 27,055 47,485 36,321 40,685 129,552 124,491 15
THE FALCONRY CENTRE, HAGLEY LTD Notes to the Accounts For the year ended 30th June 2024 5 Expenditure on charitable activities 2024 2023 Rent and service charges Bank and card charges Rates Insurance Light, fuel and heat Governance costs Bird expenses Costs ol etnployment Repairs and maintenan Evént, gift shop and Èdueational èxpènsés Cotnputer and software Maiketing and protnotion offi and general adrninistralive expens85 Vehicle costs inc depreciation 20,231 2,064 1,249 3,309 4,586 850 17,080 74,382 10,905 7,634 1,513 2,400 4.118 13,115 163,436 20,231 1,827 1,249 2,880 1,975 824 15,472 70,221 21,314 6,590 1,512 2,400 5.813 9,947 162,255 6 Net incoming resources Nel incoming resources for the year are stated after charging.. 2024 2023 Depreciation (note 91 Independent Examinerfs fee 6,331 850 6,331 824 7 Expansas pald to trustses or porsons conn8etad wlth trusteès Three Trustees are also employees ol the charity, Fiona Oavenport, Andrew Plant and Gemma Alherton. Renurneralion including pension cc)nlributions for these Trustees lotalled £63,793. During the year no Trustee received reimbursed expenses from the Charity. 8 Staff Costs and Emolumènts 2024 2023 Gross Salarias Pension costs 70,110 4,272 74,382 66,267 3,954 70,221 Numbers of full time employees or full time equivalents 2024 2023 Engaged on charitable activities There were no employees wlh emoluments in e%s$ of £60,000 per annum. 16
THE FALCONRY CENTRE, HAGLEY LTD Notes to the Accounts For the year ended 30th June 2024 9 Tangible fixed assets Vehicles Costs: At 1 July 2023 At 30 June 2024 25,323 25,323 Depraclatlon.. At l July 2023 Chargé for thÈ y8ar At 30 June 2024 12,662 6,331 18,993 Net book value Al 1 July 2023 At 30 June 2024 12,661 6,330 10 Current asset investments The wholly owned subsidiary, The Falconry Centre Displays Ltd, is a company registered in England and Wales. 11 is used lo operate the non-charilies activities of the The Falconry Cenlre. H8gley Ltd. The Falconry C8ntr8 Displays Ltd has only on8 5har8 of £1 in issu8, which is h81d by The Falconry Centre, Hagley Ltd. The subsidiary is used for non-primary purpose trading activities. Available profits are distributed undsi Gift Aid to thé parènt charity. For the period ending 30 June 2024, the aclivities and results of The Falconry Centre Displays Ltd were.. 2024 2023 TLJrnover Expenses Donations to The Falconry Centre, Hagley Ltd 52,936 13371 152,2991 50,324 14671 154,7551 Profit lor the period 14,8981 The aggregate of assets liabilities and reserves was.. Assets 7,403 7,4021 5,333 15,3321 Amounts owed to the parent undertaking are shown in notè 13 11 Stock 2024 2023 Bird Stock 74,145 51,345 17
THE FALCONRY CENTRE, HAGLEY LTD Notes to the Accounts For the year ended 30th June 2024 12 Debtors.. amount5 falling du• within one year 2024 2023 Amounts dus from subsidiary 6,948 6.948 4,878 4,878 13 Creditors.. amounts falling due within one year 2024 2023 Trade creditors Other creditors 880 1,175 2,055 1,407 2,207 14 Analysis of Fund Movements Balance at 1st July 2023 Balance at 30th June 2024 Incomlng Resources Resources Expended Unrestricted funds 73,722 184,972 1159,2361 14,2001 99,458 Restricted funds 4,200 Total funds 73,722 189,172 1163,4361 99,458 Unrestricted funding covers all funding that contributes to furthering the objectives of the Charity. Restricled funding is made up as follows.. Balancè at 1st July 2023 Balancè at 30th June 2024 Incoming Resources Resources Expended Wildlife Walkway 4,200 14,2001 Total funds 4,200 4,2001 We would like to thank the Trustees of The Grimmitt Trust, The Ernest Kleinwort Charitable Trust and The Edward and Dorothy Charitsble Trust for their generous donation to the Wildlife Walkway- their generosity and support of our vital education and conservation work is greatly appreciated. 18
THE FALCONRY CENTRE, HAGLEY LTD Notes to the Accounts For the year ended 30th June 2024 Balance at 1st July 2022 Balance at 30th June 2023 Incoming R8soure•s Resources Exp8nd8d Prior Year Unrestricted funds Restricted funds 56,731 171,046 8,200 1154,0551 18,2001 73,722 Total funds 179,246 1162,2551 73,722 Unrestricted funding covers all funding that wntributes to furthering the objectives of the Charity. Restricted funding is made up as follows.. Balanc8 at 1st July 2022 Balanc8 at 30th June 2023 Ineoming Resources Rèsourees Expended Vulture Aviary Wildlife Walkway 4,200 4,000 4,200 4,000 Total funds 4,000 4,000 Vulture Aviary.. materials to improve the vulture aviary funded by The Hobson Trust Wildlife Walkway." a project to develop a wildlife walkway between the aviary and flying arena. We would like to thank the Trust&es of Th& 29th May 1961 Charitabl& Trust for their generous donation to the Wildlife Walkway, and to Ihe Trustees of the Hobson Trust for funding the materials lo wnslruct a new breeding aviary for our pair of Ruppell's Grttfon Vullllres - their generosity and support of our vital education and conservation work is greatly appreciated. 15 Operating Leases 2024 2023 The future minimum lease payments for operating leases which expire.. thin one to five years over five years 75,500 75,500 63,500 72,917 151,000 136,417 Two operating leases relate lo rental for land and premises. 16 Legal Statu5 of the Charity The Charity is a company limited by guarantee and has no share capital. 19