**The Falconer Trust** Registered Charity No. 280864 **Financial Statements Year ended 5th April 2021** ## **The Falconer Trust Contents for the year ended 5th April 2021** ||Pages| |---|---| |Report of the Trustees|(3) - (4)| |Statement of Trustees Responsibilities|(5)| |Report of the Independent Examiner|(6)| |Statement of Financial Activites|(7)| |Balance Sheet|(8)| |Notes to the Financial Statements|(9) - (11)| ## **The Falconer Trust Report of the Trustees for the year ended 5th April 2021** The Trustees are pleased to present their annual report with the financial accounts of the charity for the year ended 5th April 2021. ## **Objects and Organisation** The charity was established by Trust Deed dated 24th June 1980 and is registered with the Charity Commission. Its objects are to advance the Christian religion and to relieve poverty by means of: (a) assisting in the maintenance of the Falconer Home and Orphanage in Zambia; and (b) making grants to other charitable children's homes and orphanages. - The trustees organise specific support to the Falconer Home, Zambia, and this falls into three main categories: (1) sending out parcels of clothing, dried goods and medicines; - (2) forwarding gifts of money for the local needs of the home; and - (3) helping with projects to aid the home's immediate and long term development ## **Review of Activities** The operation of the Falconer Trust has been significantly impacted by the Covid-19 pandemic during the year. It has meant that no deputation visits took place during the year, though a few were conducted online via Zoom to churches. A few churches requested pre-recorded talks, which we were able to provide. Manager Neil starling produced a series of video updates which were posted on Youtube, and the links sent to supporters. This has been quite a successful means of compensating for the lack of personal visits. The fact that churches were not meeting in person for several months impacted the level of donations to the Falconer Trust. By Autumn of 2020 the financial situation was beginning to look rather precarious. An appeal to supporters was sent out in our newsletter, resulting in a huge response from supporters, and as a result of this we are now on a much more secure financial footing. Sending parcels to the Falconer Home has become much more challenging this year, with only two batches sent instead of the usual six. The customs process in Zambia has become more cumbersome and complex, so it takes much longer to clear each batch of parcels. As the process becomes more familiar, we expect to send five or six batches in 2021-22. The parcels include items such as clothes, blankets, nappies, toiletries, tinned food and dried food. Because of the pandemic, it has once again not been possible for representatives of the Falconer Trust to visit the Falconer Home this year. The Trust sent a new generator to the Home, which is currently in the process of being installed. The roof of the main house is in need of replacement, and the Falconer Trust has paid for the purchase of materials. The Trustees are grateful to Brian and Margaret Nash, who continue to give valuable service as volunteers in the unit, overseeing the packing of boxes of donated goods, and generally keeping the warehouse in good order. During the pandemic they were not able to come to the unit, and over Christmas both were hospitalised with Covid-19. We are pleased to be able to report that they are both back to good health, and able to resume work with the packing of parcels. 3 ## **The Falconer Trust Notes to Financial Statements for the year ended 5th April 2021** ## **Risks** ## **Operational Risks** As with any charity relying on voluntary donations, there is a risk of incoming resources going astray in the post. Development of sound administrative systems ensure that this risk is minimised. ## **Financial Risks** The charity continues to be subject to the risk of over reliance on unsolicited revenue from donations, appeals and the general generosity of people. By aiming to make the home in Zambia more self-financing, through farming and other projects the risk to the home will be minimised. Continuing to seek government funding for certain projects also minimises this risk. ## **Trustees** Geoffrey L Webb Dennis J Webb Kenneth H Webb Terrence Martin Robert Ames Richard A Hindley Signed on behalf of the Trustees __________________________________ Kenneth H Webb, Trustee Date:____________________ 4 The Falconer Trust Statement of Trustees. Responsibilities for the year ended 5th April 2021 Charity Law requires the tru51ees to prepare financial statements for each financial year which give a true and fair view of the charity's incoming resources and application of resources during the year and of its slate of affairs at the end of the year. In preparing those fi'nancial statement, the Iruslees are required to.. Select suitable accounting policies and the appty them consistenly., Make judgements and eslimales that are reasonable and prudent., State whether applicable accoLJnling standards have been followed, subject to any material departures discolsed and explained in the financial slatemenls., Prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charity will continue in business. The Iruslees are responsible for keeping proper accounting records which disclose with reasonable a¢curacy al any one lime the financial position of the charity and lo enable them lo ensure that the financial statements comply with the Charities Act 1993 and any subsequent aels. Trustees are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the Trustees Kenneth H Webb Trustee Dale". The Falconer Trust Independent Examiner's Report for the year ended 5th April 2021 Respective responsibilities of Trustees and examiner The charity's trustees are responsible for the preperalion 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 Acti and that an independent examination is needed". It 1$ my responsibility to.. examine the accounts under section 145 of the Charities Act, lo follow the procedures laid down in the general directions given by the CharFty Commission (under section 14515llb} of the Charities Act, and to stste whether particular matters have come to my attention. Basis of independent examiner's statement My examination was earried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the char4ty and a comparision of the accounts presented with those records. It also includes consideration of any unusal items or disclosures in the accounts and seeking explanations trom the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required Ina n 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 mallers set out in the stslemenl below. Independent examinevs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination whieh gives me cause lo believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act," or the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable requirements concerning the form and conlenl of accounts set out in the Chafilies (Accounts 2nd Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part of an independent examination. I have no con￿rnS and have come across no other matters in connection with the examinab'on to which attention should be drawn in this report in order lo enable a proper understsnding of the accounts to be reached. Signed.. Date.. Rot)ert Kendall FCCA Arden Kendall Limited 38 High Sireel Watton Norfolk IP25 6AE The Falconer Trust Statement of Financial Activites for the year ended 5th April 2021 Notes 2021 2020 Incoming Resources General Donations Donations supported by Gift Aid Gift Aid Reclaimed Legacies Total Incoming Resources 142,418 38,975 14,377 3,000 82,926 38,061 9,515 51,227 198,770 181.729 Direct Charitable Expenditure Amount paid to Falconer Home Freight on parcels to Falconer Home Warehousing costs Goods purchased for Falconer Home Freight adminlpacking labourlexpenses Total Direct Charitable Expenditure 99,375 6,472 6,407 5,435 24.250 112,590 17,420 5,810 23,580 26,410 141,939 185,810 Gross Surplusl{Lossl for the year 56,831 14,0811 Admtnistrattve Expenditure General administration, printing and Pfomolion Bank and online giving ¢harges Indepen(Jent examination fees Total Administrative Expenditure 3,449 1,028 600 4,146 1,803 600 5,077 6,549 Net Surplusl(Lossl for the year 51.754 110,6301 Notes 1 Donations from businesses, chur¢hes, organisalions and individuals not supported by Gift Aid Declarations 2 Donations supported by Gift Aid Declarations enable the Falconer Trust lo claim from HMRC any taxes paid by the donor 3 Tax re¢laimable on the donations received in the current year 4 Legacies are treated as revenue income unless otherwise requested in estate documents The Falconer Trust Balance Sheet for the year ended 5th April 2021 Notes 2021 2020 Fixed Assets Tangible assets Current Assets Debtois Prepayments Cash at bank and in hand 9,738 571 76,275 86,584 8,861 619 25,364 34,844 Creditors: amounts falling due within one year Accruals 610 625 Nèt Current Assets 85,974 34,219 Totsl Assets less Current Liabilities 85,974 34,219 Reserves Accumulated funds 85,974 34,219 85,974 34,219 Signed on behalf of the Iruslees.. Kenneth H Webb (Trustee) Approved by the board on The Falconer Trust Notes to Financial Statements for the year ended 5th April 2021 1 Basis of Preparation of Accounts These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stsled in the relevant nolelsl to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice". Accounting and Reporting by Charities preparing their accounts In accordance wlh the Financial Reporbng Stsndard applicable in the UK and Republic of Ireland IFRS 1021. 2 Accounting Policies Incoming Resources (al Recognition of income These are included in the Slalement of Financial AclNilies ISOFAI when". the charity becomes entitled to the resources., il is more likely than not that the Iruslees will receive the resources., the monetary value can be measured with sufficient reliability. {bl Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. {¢) Grants and donations Grants and donations are only included in the SOFA when the general income recognition criteria are met15.10 10 5.12 FRS102 SORPI Idl Legacies Legacies are included in the SOFA when receipt is probable. that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estsle and any conditions attached lo the legacy are either within the control of the charity or have been met. {el Tax reclaims on donations and gifts Gift Aid receivable is Included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered lo be part of that gift and is treated as an addition to the same fvnd as the initial donats'on unless the donor or the term5 of the appeal have specified otherwise. Expenditure and Liabilities lfj Llability recognition Liabilities are recognised where il is more likely than not that there is a legal or constructive obligation committing the charity lo pay out resources and the amount of the obligation can be measured with reasonable certainty. Ig) Gov¢mance and support c¢yJts These include the costs of preparation and examination of the statutory accounts, the cost of trustees, meetings if incurred and the cost of any legal advice lo Iruslees on governance or conslitulional matters The Falconer Trust Notes to Financial Statements for the year ended 5th April 2021 (h) Grants with perfomiance conditions Where the charity gives a grant with conditions for its paymenl being a specific level of service or oulpul to be provided. such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or oulpul. (il Grants payable wlthout performance conditions Where there are no conditions attaching lo the grant that enables the donor charity lo realistically avoid the commitment, a liability for the full funding obligation musl be recognised. Ul Credltors The charity has creditors which a￿ measured al settlement amounts less any trade discounts Ikl Provlslons for Ilabilities A liability is measured on recognition at its historical cost and then subsequently measured al the best estimate of the amount requi¥ed lo settle the obligation al the reporting date Assets 111 Tangible fixed assets for use by charity These are ¢apitalised if they can be used for more than one year, and they are valued at cost. (ml Debtors Debtors (including trade debtors and loans receivablel are measured on initial recognition al settlement amount after any trade discounts or 8mounl advanTrd by the charity. Subsequently, they are measured al the cash or other consideration expected to be received. 3 Debtors 2021 2020 Taxation receivable (Gift Aid Scheme) Prepayments 9,738 571 8,861 619 10,309 9,480 4 Creditors: amounts falling due within one year 2021 2020 Accruals.. Independent Examination fees Bank charges 600 10 600 25 610 625 10 The Falconer Trust Notes to Financial Ststements for the year ended 5th April 2021 S Reconciliation of funds 2021 2020 Accumulated funds bl 34,220 44.850 Net SurplusllLossl in year 51,754 110,6301 Accumulated funds c￿d 85,974 34,220