REGISTERED COMPANY NUMBER: 15470891 (England and Wales) REGISTERED CHARITY NUMBER: 1210094 Report of the Trustees and Financial Statements for the p¢riod 7 February 2024 to 28 February 202S for Falcon Foundation KBMD Limited Chartered Certified Accountants Maple H0115e 382 Kenton Road Harrow Middlesex HA3 9DP Falcon Foundation Contents of the Finaneial Statements for the period 7 February 2024 to 28 February 2025 Page Report of the Trustees I to 4 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Fin#neial Stattments 8 to 10 Detailed Statement of Financial Activities Falcon Foundation Report of the Trustees for the period 7 February 2024 to 28 February 2025 The trustses who are also directors of the charity for the purposes of the Companies Aci 2006. present their report with Ihe financial siatements of the charity for the period 7 February 2024 to ?8 February 2025. The trUs￿eS have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recomineiided Practice applicable to charities preparing their accounts in accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (elyective l January 20191. INCORPORATION The chariiable company was incorporated on 7 February 2024. OBJECTIVES AND ACTIVITIES Objective5 and aim5 The objects of the Charit) (Objects} are: for the public benefit. 10 promote education including in (but not limited 10} aviation, aerospace ai)d the sciet)ces, techi)ology, engineerit)g and matheinatics (STEM) disciplines, ii) such ways as the Trustees shall iii their di5cretioii thiiik fit. including throu￿ (but Iiot limited to) the award of scholarsliips an￿Or grants to individuals 10 assisi with the cost of training, upskilling and maintaining qualifications and by assisting with andlor providing Ihe educaiion they need to become qualified or retain qualificaiions in the aforemeniioned disciplines. Through providinb uFrant funding and support to iiidividuals to assist ￿..ith the c05t of traininbF, upskilling aiid maintaining qualification% and by assisting with andlor providing the education they need to become qualified or retsin qualitications, Ihe Charirv w'ill have a positive impact on broadening access to trdining and developmeni opportunities (o those who would not othen+ise be able to afford to do 50. The founder trustee's wide professional neN."ork in the aviation. gerospace and wider STEM industries will benefit beneficiaries as it will enable the Charity 10 work M'ith high quality flying schools and other qualification providers,. the Tru5tee5 will niaiiitaiii a list of approved trainin¥ providers M,hich tliey will keep under review. Through its first year, tlie Charity has dedicated considerable time and effort in obtaining its regulatory approvals and setting up its administration, operations and general infrasiructure, whilst developing the appropriate policies and procedures commensurate with its size and activities. Development of its website and fund-raising agenda is ongoing, and donations have already been received. This is expected to launch during 2025, and we would anticipate receiving applications for scholarships an(Vor granis. The TTU5tee5 would like to thank doiiors and those volunteers that have given their time and expert15e in facilitating the Charity in its set-up and ongoing administration this year. Pgge I Falcon Foundation Report of the Trustees for the period 7 February 2024 to 28 February 2025 OBJECTIVES AND ACTIVITIES Significant aetivitits Thi5 year. our dedicated volunteers played a vital role in advancing the missioii and operations of the Falcon Foundation. Their contributions spanned across several key areas.. Charity Cornrni55ion registratlon The charity, was formally regisiered with the Charity Commission in February 2024 under registration number 1210094. This marked the official recogniiion of our charitable status ai)d ei)abled us to operate fully as a Charitable Company Liinited by Guarantee. This included the creation of all supporting docuineiitation such as the Articles of Associatioii. HMRC and Gift Aid registration We succcssfully registCTcd ￿'1th HMRC for tax purposes, including Gift Aid, allowing the charity to reclaim tax on eligible donations. This will enhance our fundraising effons and increase the value of public contributions. Bank aecount set up with Barclays A dedicated charity bank account was opened with Barclays to manage finances transparently and securely. This account siipports proper financial gjovernaiice and enables effective day-to-day operations. KBMD Limited Appointed Accountants We appoit]ted KBMD Limited as our independent accountant5 to ensure professional financial oversight and compliallce with statutory obligations. They also support the preparation of our annual accounts. Policie5 for the Charity have been created Key govemance and operational policies have been developed and adopted this year, including safeguarding, financial controls. data protection, and conflict of interest policies, laying the foui)dation for responsible managenient and compliance. Webslte Development Voluntcers supportcd the creation and ongoing maintenance of our website, ensuring it remained up-tfrdate, user-friendly. and reflective of our mission and activities. Social Media Setup and Management VolUn￿erS were instrumental in establishing and managing our social Inedia presence ahead of 'go live creatin(T content to be posted for engagement across platfornis to raise awareness and reach wider audiences. including Marketing and Branding Volunteer5 Colltributed to shaping the foundation's brand identity, helping develop marketing materials and outreach strategies that align with our values and objectives. Due Diligence Procedures Volunteers also supponed the development of due diligence frameworks and procedures, helping us build robust processes to asses5 and monitor parti)ers, grantees, and activities. Team Collaboration Volunteer5 participated in M'eekly all-team meetings as well a5 regular department-5pecific ineetings, f05tering strong internal Communication, collaboration, and progres% tracking across all areas of the charity's work. We are incredibly grateful for the time. skills, and commirmeni of our volunteers: whose contributions have laid a strong foundation for our future growth diid impitLt. Public benefit The tru5tee5 confiTm that they have complied witli the Tequirement5 of sectioii 17 of the Charities Act 201 I to have due regard ro the public benefit guidance published by the Charity Commission for England and Wales. Pgge 2 Falcon Foundation Report of the Trustees for the period 7 February 2024 to 28 February 2025 STRUCTVRE, GOVERNANCE AND MANAGEMENT Governing documcnt The charity is controlled b), its governing document, a deed of trnst, and constitutes a liinited company, liinited by guarantee, as defined by the Companies Act 2006. The Charity by its trustees ensures that decisions are made in accordance with its governing document and aligned with its stated charitable objectives as well gs ensuring compliance with regulatory and legal obliggtions. Professionals are instructed as and wl)en deemed appropriate to support the Charity and Trustees. for example solicitors and accounthnts. The board of tru5tee5 convene re¥ularly at forinally niinuted nieetlTig5. The ¥overniiig document act5 as the guiding framework for these decisions, reinforcing a comtniiment to integrity, accountabilitv. and effective stewardship. Accurate records of board discussions and resolutions are maintained to support transparency and provide an audit trail for the fiiiancial statetnent5. Charity constitution The Falcon foundatioii is a Charitable Company Liinited by Guarantee, registered in England aiid Wales with the Charity Commission IchariTr number= 1210094). li is govemed by its Memorandum and Articles of Associatilin, which were adopied upon incorporaiion and sei out the charity's objectives, powers. and administrative arrangements. The goveTninuF document outliiies the procedure5 for appointing and removing trllstees, the roles and responsibilities of the board, and the strncture through which the charity opcrates. As a charitsble ¢ompany, it is also registered with Companies House and subject to companj, law as well as chariiy law. Organisational structure Trustees who served during the year and up to the date of signature of the financial statements were.. Anoop Singh Bamrah Vivek Prashar Prof Michael PaTker Trusiees are electsd bv quorum. The board of trustees has the power to appoint trustees, but thai Pliwer has not been used to date. NL) exiernal body or any other person is entitled to appoint a trustee. The committee structure is functioning well M'ith all of them reporting to the full trustee meetings. Committees are.. Operaiional. Social Media and Governance. The structure provides for more focused discussion on specific Subject areas at]d the iiivolvement of some experts who are not trustees. Decision making The trustees are responsible for the strategic direction and governance of the charity. The board meets monthly to review progress, assess risks, and make key decisions. Day-ifrdasw operations are delegated to volunieers and working groups, ho report back to the trustees. Where neLessary. decisions are infonned by specialist advisors ai)d aligned with the charity's goveniing document and policies. All triistees declare any potential conflicts of interest which are managed in line with our conflict of interest policy. Risk management The trusiees have a dutv to identif5w and review the risks to which the charity is exposed and to ensure appropriate Controls are in place to piovide reasonable assurdnce against fraud and error. REFERENCE AND ADMINISTRATIVE DETAILS Registered Cornpany number 15470891 (England and Wales) Pgge 3 Falcon Foundation Report of the Trustees for the period 7 February 2024 to 28 February 2025 Registered Charity number 1210094 Registered orrice Hangar 507 Churchill Way Biggiii Hill TN16 3BN Trustees Mr A S Bamrah Director (appointed 7.2.24) Prof M C O Parker Retired Surgeon (appointed 7.2.24} Mr V Prashar Solicitor {appointed 7.2.24) Indcpendcnt Examiner KBMD Limited Chartered Ceffified Accountants Maple Houst 382 Kenton Road Harrow Middlesex HA3 9DP Approved by order of the board of trustees on 27 October 2025 and signed on its behalf by.. FS,.3QG Mr A S Bamrah- Trustee Pgge 4 Independent Examiner's R¢port to the Tru$t¢¢s of Falcon Foundation Independent examiner's report to the trustees of Falcon Foundation ('the Company,) I report to the charity trustees on my ex£iTnination of the account5 of the Coinpany for the period 7 February 2024 to 28 FebrLW 2025. Re5ponsibilitie5 and basis of report As the charity's trustees of the Compgny land also its directors for the purposes of company law} you are responsible for the preparation of the accounts in accordance wilh the requiremenis of the Companies Act 2006 ('the 2006 Aci'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examinaiion of Jour charity's accounts as carried out under Section 145 of the Cl)arities Act 2011 I'the 2011 Act.). In carrying out my examination I have folltswed the Dir¢ctioiis given by the Charity Commission under Section 145(5) (bl of the 201 l Act. Independent exarniner's statement I have conipleted my examinaiion. l Confirm that no matters have come to my attention in connection with the examination giving me cause to believe= accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act,. or the accounis do not accord with those records- L)r the accounts do not comply with the accounting requiremei)ts of Section 396 of the 2006 Act other than any requirenient that the accoiints give a trne and fair view which is not a matter considered as part of an independent examination. or the accoui)ts have not been prepared in accordai)ce with the methods and principles of tl)e Statement of Recommended Practice for accoui)tiiig and reportinu by charitie5 {applicable to charities preparingF their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)}. I have no conceriis and have come across no other matters in connection with the examination to which attention Should be drawn in Ihis report in order to enable a proper understanding of the ac¢ounis to be reached. Bhavesh Bhudia Bsc FCCA CTA ARA KBMD Limited Chartered Certified Accountants Maple House 382 Kenton Road HaTTOW Middlc%¢x HAJ 9DP 27 October 2025 Pgge 5 Falcon Foundation Statement of Financial Activities for the period 7 February 2024 to 28 February 2025 Unrestricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 50,000 EXPENDITURE ON Raisin¥ fund5 2,847 NET INCOME 47,153 TOTAL FUNDS CARRIED FORWARD The notes form part of these financial statements Page 6 Falcon Foundation Balance Sheet 28 February 2025 Unrestricted fund Notes CURRENT ASSETS Cash at bank. 50,000 CREDITORS Amounts falling due within one year (2,847) IYET CURRENT ASSETS 47,153 TOTAL ASSETS LESS CURRENT LIABILITIES 47,153 NET ASSETS 47,153 FUNDS Ui)restricted funds 47,153 TOTAL FUP4DS 47,153 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2025. The members have not required the company to obtain an audit of its financial staiemenrs for the period ended 28 February 2025 in accordance with Section 476 of the Compaiiies Act 2006. The trustees acknowledge rheir responsibilities for ensuring that the charitable conipan}' keeps accounting records that comply with Sections 386 and 387 of the Companie5 Act 2006 at]d preparing financial statements which give a true and fair view of Ihe stale of affairs of the charitable company as ai the ei)d of each financial year ai)d of its surplus or deficit for each financial ￿ear in accordance with the requireineiits of Section5 394 and 395 and M'hicli otlierwise comply with the requirements of the Coinpanie5 Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companie5 subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised lor issue on 27 October 2025 and were signed on its behalf by.. Mr A S Banirah- Trnstee The notes form part of these financial statements Page 7 Falcon Foundation Notes to the Financial Statements for the period 7 February 2024 to 28 February 2025 ACCOUNTING POLICIES Basi5 of preparing the financial 5tatementS The financial statements of the charitable company. M,hich is a public benefit entity under FRS 102, have been prepared in accordance w'ith the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Ststement of Recomineiided Practice applicable to charities preparing their account5 iii accordance widi tl)e Fit]ancial Reponing Stsndgrd applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019)., Financial Reporting Standard 102 'The Financial Reporiing Standard applicable in the UK ai)d Republic ol. Ireland, and the Companie5 Act 2006. The financial statetnents have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to rhe funds, it is pn)bable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as sotsn as there is a legal or constructive obligation cominitting the charity to that expeiiditure, it is probable that a transfer of economic beiiefits will be reqiiired in 5ettlenient and the amount of the obligation can be measured reliably. Expendiiure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannoi be directly attributed to particular headit]gs the), have been allocated to activities on a basis consisteiit with the use of resources. Taxation The charity is exempt from corporaiion tax on its charitable activiiies. Fund accounting Unrestricied funds can be used in accordance with the charitable objectives at the discretion of the irusrees. Restricted funds can onlv be used for particular restricted purposes within the objects of the charity. Restri¢tions arise w,hen specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of ea¢h fund is included in the nores to the financial statements. RAISING FUNDS Raising donations and legacies Support costs 2.847 Page 8 ¢ontinued... Falcon Foundation Notes to the Financial Statements - continued for the period 7 February 2024 to 28 February 2025 TRVSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the peiiod ei)ded 28 February 2025. Trustees, expenses There were no trustees. expenses paid for the period ended 28 February 2025. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Accrued expenses ,047 1.800 2.847 MOVEMENT IN FUNDS Net movement in funds At 28.2.25 Unrestricted funds Gcncral ￿nd 47,153 47,153 TOTAL FUNDS 47,153 47,153 Net movement in funds, included in the ablive are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds Gei)eral fui)d 50,000 {2,84D TOTAL FUNDS so,000 {2,8471 47,153 Page 9 ¢ontinued... Falcon Foundation Notes to the Financial Statements - continued for the period 7 February 2024 to 28 February 2025 RELATED PARTY DISCLOSURES There were no related party transactions for the period ended 28 February 2025. Page 10 Falcon Foundation Detailed Statement of Financial Activities for the period 7 February 2024 to 28 February 2025 INCOME AND ENDOWMEP4TS Donations and legacies Donations 50,OIMI Total incoming resources EXPENDITURE Support eosts Governance costs Insuraii¢e Accountancy fees Web5lte & IT Losts 340 1,81)0 707 2,847 Total resliurces expended 2,847 Net income 47,1S3 This page does not form part of the statiitory financial statements Page I I