The Falconer Trust Registered Charity No. 280864 Financial Ststements Year ended 5th April 2024
The Falconer Trust Contents for the year ended 5th April 2024 Report of the Trustees (31 (41 Statement of Trustees Responsibilities 15} Report of the Independent Examiner 16) Statement of Financial Activites 17) Balan Sheet 18} Notes lo the Financial Ststements {9)_{11}
The Falconer Trust Report of the Trustees for the year ended 5th April 2024 The Trustees are please to Wnt their annual report wth ihe financial accounts of the charity for the year ended 5th April 2024. Objects and Organisatlon The charty was established by Trust Deed dated 24th June 1980 and is registered wilh the Chanty Commiss. Its objects are lo advance the Christian religion and lo relEve povety by means tsf.. lal assisting in the mainlenance of the Falconer Home and Orphanage in ZambB.' and (bl makin9 grants to other charitable children's homes and orphanage5. The trustees organise specifi¢ support to the Falconer Home. Zambia, and this falls into three main categories.. (11 sending out parcels of clothing, dried goods and medicines., (21 forwarding gifls of money for the lor21 needs of the home", and (3) helping with projecls lo the home's immediate and long tem development Review of ActivieS Neil Starfing continues to WOTk as Manager of the Trust, attending to all administrative matters, giving presentations at various churches, schijols and other groups, liaising with staff at the Falconer Home, dealing wilh wath.cal matters. Following Ihe resignation of Ken Webb and Richard Hindley from the Board of Trustees last yèar, the Trustees are acuvely seeking new members for the board, and are in discussions wlh Interested parties. Dun¢an and Susan Stsnslield have agreed in principle to lake on the role, and formalities should be completed imminently. Two large consignments of parce15 were sent lo the Falconer Home. Containing ¢lothes, blankets, toltrIes, stallonery. tools and toys. It is no longer possible lo send nCn-perhab1e foods, because of the reStn.¢tKS placed on them by the Zambian authori$. The Trustees once again express their Ihanks to Brian and Margaret Nash, who conts'nu8 to give valuable service as volunteers in the unl[ overseeing packing of boxes of donated 9d$, and generally keeping the warehouse in gc(#J ¢yder. They also support the work of the Trust in many othei ways. for which the Trustees are very grateful. In June 2023. Neil Stading and D8nnis Webb visited the Falconer Home, Ihis was the first visit since the COVID palldemic. During the visit they were able to assist with practical tasks such as gelling the new genefalor running. establishing an electrical supply in the main house and pumping nver waters into the water lowers tc provide a supply of runnlng water al the Home. They also held discussions wilh the Home's Director, Simon S8mutala, and olher staff, regardin9 matters concerning the future of the Home, and the nature of the support which the Trust will be able to offer in the fuluff. Of particular concem was the matter of sending parcels to the Home, which is becoming increasin9ly difficult due to the increasing cosL and the more complex customs process. Building work on accommodakn'on for the Children contirsu8S. With a girls, dormit. an ablutson block and a kitchen building all in progress. W8 are gratefvl to all our supporters for their generous giving in both goods ar finance, whlch makes this work possible. Rl3ks Operational Rlsks As with any charity relying on voluntary donations, there is a risk of incoming sOUrCeS goirKJ astray in the tost. Developm8nt of sound administrati¥e systems ensure that this risk is minimised.
The Falconer Trust Report of the Trustees for the year ended 5th April 2024 Financial Risks The charity continues to be subiecl 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. Ihrough farming and other projects the risk lo the home will be minimised Continuing to seek govemment funding for rtain projects also minimises thi5 risk. Trustees Geofftey L Webb Dennis J Webb Terrence Martin Signed on behalf of the Trustees Dennis J Webb, TTUStee Date:
The Falconer Trust Statement of Trustees. Responsibilities for the year ended 5th April 2024 Charity Law requires the trustees to prepare finanaal 5taleMenls for each financial year which give a true and fair view of the charity's inming resources and application of resources durFng the year and of its state of affairs at the end of the year. In ?ParIng those financial statement, the trustees are required to." Select suitable accounting policies and the apply them ¢onsistenUy,' Make judgement5 and estimates that are reasonable and prudenL • Stsle ether applicable accounting standards have been foll0vd, subject to any material departures discolsed and explained in the financial statements, Prepare the fi'nancial ststements on the going concern basi$ unless it is inappropriate lo presume that the charity will continue in bu51ness. The trustees are responsible for keeping proper accounts'ng records which disclose with reasonable accvracy at any on8 ts.me the financial position of the charity and to enable them lo ensure that the financial statements compty with the Charits'es Act 1993 and any subsequent acts. Trustees are also responsible for safeguarding the assets of the charity and hence for tsking reasonable sleps for thè pVentIon and detection of fraud and other irregularities. SvJned on behalf ofthe Trustees Dennis J Webb Trustee
The Falconer Trust Independent Examiner's Report for the year ended 5th April 2024 R•spectlv• responslbllltles of Trustees and examlner The charitys Iruslees are responsible for the preperats'on of the accounts. The charitys tfUSte8s conskler that an audrt is not required for this year under seCtn 144 of the Charits'es Act 2011 lthe CharitEs Act) and that an independent examinion is needed: It is my responsibility to.. examine the a¢¢ounts under secbon 145 of the Charities Ac( lo follow the procedures laid down in the general directions given by the Charity CommissKn (under section 14515}Ib) of the Charittes Act, and . to stale whether particular matters have come lo my attention. Basis of indep•nd•nt examinerfs statement My examination was camed out in accordance wth general direth.ons given by the Chanty Commlsslon. An examinabon includes a review of the accounting records kept by the charity 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 provKle all the evidence that would be required ina n audi( and consequenlty no opinion is given as to whether the accounts present 8 'true and faiv view and the report limited lo those matters sel out in the statement beknv. Independent examlnerfg statement I have completed my examination. I confirm that no material matters have come lo my attention in connech'on with the examinatr.on 4¢h gives me cause lo believe that in. any material resrect. . the Ounting records were nol kept in ac¢ordan¢e wrth seth'on 130 of the Charities Act; or the accounts did not a[d with the aexounling re¢ords'. or . the accounts did not compty wth the appIable requirements conceming the fomi and content of accounts set out in the Charth'es (Accounts and Reports) Regulatsons 2008 other than any requirement that the accounts give a 'tNe and fail view which is not a matter o)nsidered as part of an Independent examinatH>n. I have no concems and have come across no other matters in connecbon with the examination to which attention shoukl be drawn in thi5 report in order to enab a proper understanding of the accounts to be reached. Signed.. Robert Kendall FCCA Arden Kendall Limrted 38 High Streèt Watton Norfolk IP25 6AE
The Falconer Trust Statement of Financial Activites for the year ended 5th April 2024 Notes 2024 2023 Incoming Resou85 General t)onalions Donalions suptyJrted by Gift Aid Gift A'd Reclaimed Legxies Totsl Incoming Resources 99,858 30.$44 9,018 10,491 125.788 46.259 13.095 41.927 149,911 227.C69 Dlre¢t Charltablè Expandlture Amount paid to Falconer Home Freight on parcels to Fathner Home Warehousing costs Goods purchased for Fakoner Home Freight adminlpacking lal)ouilexpenses Total Direct Charitable Expenditure 126,035 5.929 7,751 16,719 26.956 136.275 11,481 7.778 4,815 25,71)0 183,390 186,049 Gross Surplug1(Loss) for the year 133,4791 41,020 Admlnlstratlve Expendlture General administration. printing and promotior) Bank and online giving charges Independent examination fees Total Adminislrativ• Expendlture 3.612 1,119 594 1,169 5,325 6,745 Net Surplu81(Loss> for the year (38,8041 34.275 Notes 1 Don8tlons from buslnesses, Churches, organisations and individuals not SUPFQrted by Gift Aid Declarakn'on$ 2 Donations supported by Glft Ald Deelaralions enable the Falconer Trust to claim from HMRC any taxes paid by the donor 3 Tax reclaimable on the donations received in the current year 4 Legacies are treated as revenue income unless otherwise requested in estate xuments
The Falconer Trust Balance Sheet for the year ended 5th April 2024 Note8 2024 2023 Flxed Assets Tangible assets Current Assets Debtors Prepayments Cash at bank and Ni hand 7,584 472 55,485 63,541 11.209 571 90.565 102,345 Creditors: amount8 falling due wlthln on? year Accruals S94 Net Current Assets 62,947 101,751 Total Assets loss Current Liabiliti08 62.947 101,751 Reserves Accumulated funds 62.947 101,751 62,947 101.751 &gned behalf of the trustees.. Dennis J Webb (Trusteel Approved by the board on
The Falconer Trust Notes to Financial Statements for the year ended 5th April 2024 1 Basis ol Preparation of Accounts These accounts have been prepared under the historical cost VentIOn with items recognised . at cost or transaction value unless olhepwise stated in Ihe relevant nolels} to these accounts. The accounts have been ppared in accordance wrth the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 2 Accounting Poli¢i88 Ineoming Re8ourc•s lal Rocognltion of incom• These are included in the Statement of Finan¢ial Aclwities ISOFAI en.. the ¢hanty becomes enb'tled to the resources,. it is more likely than nol that the trustees will receive the resources-. Ihe monetsry value Can be measured wlh sufficient reliabilty. {bl Offsettlng There has been no offsetting of assets and liabilities, or income and expenses, unless wuired or pèrmitted by Ihe FRS 102 SORP or FRS 102. l¢} Grants and donatlons Grants and donations are onty included in the SOFA when the genera in¢ome recognFtion criteria are met15.10 to 5.12 FRS102 SORP). Idl Legacies Legacies are inclLhJed in thg SOFA whell receipt is probabl•, that is, when there has been grant of probate, ttte executors have estsblished that there are sufficient assets in the estate and any conditsons attached to the legacy are either within the control of the chaniy 01 have been met. {el Tax re¢lalms on donatlons and glfts Gift Aid receivable is included in income when the is a valid declaratson from the donor. Any Gift Aid amount r8covèred on 8 donation is considered to be part of that gift and is Irealed as an addf(lon to the sarne fund as the initial donation unless the donor or the lemis of the appeal have specthed Other¥Se. Expendlture and Llabllllles lfj Liabilty recognition Liabiltties are recognlsed ere tt is more likety than not Ihat there is a legal or conslruckn've obligation ¢ommith'ng the chanty to pay out resources and the amount of Ihe obligation can be measured with reasonab18 C8rtainty. Ig) Govemance and 8UPPOrt ¢¢ts These include the costs of preparalion and examination of the stabjtory accounts, the cost of trustees, meets'ngs if incurred and the cost of any legal advice to Iruslees on gov8rnance or conslitulion81 matters
The Falconer Trust Notes to Financial Statements for the year ended 5th April 2024 Ihl Grants wlth performance condltlon8 whe the charity gives a grant with condikn.ons fof Its payment 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 specrfied Servi or output. (l) Grants payable without perfomance conditions Where Ihefe are no conditions attaching to the grant that enables the donor charty to realists'calty avoid the commitment, a liabiSity for the full lunding obligation must be recwnised. U) Credltors The charity has creditors which are measured at settlement amounts less any trade discounts (k) Provisions for Ilablliti A liability is measured on recognition at ils historical cost and then subsequently measured at the best estimate of the amount required to s8tt1e the obligation at the reporting date Assets {1) Tangible ftxed 3358ts for u80 by charfty These are capitalised if they can be used for more than one year, and they are valued at cost (m) 0gbtov8 Debtors {including trade debtors and Iws receivable) are measured on initial recognition at settlement amount after any trade discount5 or amount advanced by the charty. Subsequenlty, they are measured * the cash or olhei consid8ration 8xpected to be reIVed. 3 Debtors 2024 2023 Taxation retewable IGIft kn Scheme) Prepayments 7,584 472 11.209 571 8,056 11.780 4 Creditors: amounts tslllng due wllhln one year 2024 2023 Accrual& Independent Examinats'on fees 594 594 S94 594 10
Th• F*oner Trust Noles kn Fmmnclal Statements for Ib• yW•Kled 5th April 2024 5 Reconciliation of funds 2024 2023 Ac¢umuLqled fvnds blPMJ 101,751 67.476 Net SurplusllLoss) in 138.804) 34,275 Accumulatè# fvnds d+•J 62.947 101,751 11