## **Trustees’ Annual Report for the period** **From 01/01/2021 Period start date To 31/12/2021 Period end date** **Charity name:** Falcon College Overseas Trust **Charity registration number:** 294169 ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To raise funds to support the furtherance of
education at Falcon College, Esigodini,
Zimbabwe| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|Funds were raised to help build the
endowment fund and to support specific
projects, notably those promoting inclusivity.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The Trustees have reviewed the guidance
issued by the Charity Commission on public
benefit and have had due regard of this
guidance in exercising their duties.| **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other ## **Achievements and Performance** **----- Start of picture text -----**
SORP reference
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|**Achievements and Performance**|**Achievements and Performance**|**Achievements and Performance**| |---|---|---| |SORP reference||| |||| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|During the year the Charity increased the
level of donations received by threefold. A
specific building project in Zimbabwe was
identified, which when completed will enable
the school to accommodate more pupils and
which will increase inclusivity by enabling the
school to accommodate more girl pupils. In
addition, the Charity continued to work
towards growing the endowment fund, with a
total of £18,291 transferred to the fund
during 2021| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|At the start of the year the key objective was
to further grow the endowment fund. This
was achieved.
A new objective was adopted during the
course of the year, namely to raise
US$120,000 to help with the expansion and
construction of school buildings. This
objective was partially met, but it had not
been envisaged to complete this in 2021.| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|2021 has seen a 300% increase in funds
raised. The funds have been allocated to the
endowment fund and the building project.| |Investment performance
against objectives|Para 1.41|The endowment fund, managed by Investec
Wealth, has continued to grow. Contributions
to the fund totalled £18,291 and the fund
benefited from capital growth of 9.6% over
the year.| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|At the end of the period the Charity had
unrestricted cash of £32,728 and an
Endowment Fund of £103,317| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Reserves are mostly invested in the
Endowment fund, but the Trustees hold a
prudent level of cash to meet day to day
expenses and any urgent requirements for
funding from the school in Zimbabwe.| |Amount of reserves held|Para 1.22|Total reserves held are £136,045| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|Given the healthy level of reserves and
continued support for the Charity the
Trustees consider the Charity is a going
concern| |**Additional information (optional)**
You may choose to include further statements|**Additional information (optional)**
You may choose to include further statements|where relevant about:| |---|---|---| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|The principal sources of funds are
donations, in the form of regular giving and
one-off donations| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|Th Endowment fund is invested in a
“medium risk balanced” portfolio as a long-
term investment with the objective of
generating a real return from capital.| |A description of the principal
risks facing the charity|Para 1.46|The key risks facing the charity are:

FX risk as funds are raised in multiple
currencies and funds transferred to the
school to support specific projects are in
USD| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Deed of Trust| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|As an unincorporated Charitable Trust| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|The Deed of Trust requires there to be a
maximum of five trustees (minimum three),
one of whom is an ex-officio Trustee
reserved for the headmaster of the school.
Other trustees are selected from a pool of
former pupils of the school who have the
appropriate skills and experience to serve as
a trustee.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction and
training of trustees|Para 1.51|All Trustees are provided with an annual
update to the following policies:

Anti Money Laundering Policy

Anti Bribery and Corruption Policy
All Trustees also complete a “Charity
Trustee: Declaration of eligibility and
responsibility”declaration.| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|The Trust has no employees and the
organisational structure comprises the
current Board of Trustees.| |Relationship with any related
parties|Para 1.51|N/A| |Other||| ## **Reference and Administrative details** **----- Start of picture text -----**
Charity name Falcon College Overseas Trust
Other name the charity uses
Registered charity number 294169
Charity’s principal address The Old Vicarage,
Hambleton,
Rutland LE15 8TH
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## **Names of the charity trustees who manage the charity** **----- Start of picture text -----**
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Peter Coulson Trustee & Chair
2 Colin Bewes Trustee
3 Edward Sankey Trustee
4 Alan Cornish Trustee
5 Reg Querl Trustee (ex-officio) Falcon College
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
– Corporate trustees names of the directors at the date the report was approved ## **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** |**Funds held as custodian trustees on behalf of others**|**Funds held as custodian trustees on behalf of others**| |---|---| |Description of the assets
held in this capacity
N/A|| |Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects
N/A|| |Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own assets|N/A| ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Type of**|**Name**|**Address**| |---|---|---| |**adviser**||| **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** |**The trustees declare that they have approved the trustees’ report above.**|**The trustees declare that they have approved the trustees’ report above.**| |---|---| |**Signed** **on behalf of the charity’s trustees**
**Signature(s)**
**Full name(s)** Peter Coulson
Colin Bewes
**Position (eg Secretary,**
**Chair, etc)**
Chair
**Date**|| ||| ||Peter Coulson
Colin Bewes| ||
Chair| ||| ||| **Signed on behalf of the charity’s trustees** **Charity Name No (if any) Falcon College Overseas Trust 294169** ## **Receipts and payments accounts** ## **CC16a** **For the period** Period start date Period end date **To from** 01/01/2021 31/12/2021 ## **Section A Receipts and payments** |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**|**Unrestricted**
**funds**
**to the nearest £**|**Restricted funds**
**to the nearest £**|**Restricted funds**
**to the nearest £**|**Endowment**
**funds**
**to the nearest £**|**Endowment**
**funds**
**to the nearest £**|**Total funds**
**to the nearest £**|**Total funds**
**to the nearest £**|**Last year**
**to the nearest £**| |---|---|---|---|---|---|---|---|---|---| |
Donations|**51,442**||**-**||**-**||**51,442**||**16,731**| |Sles of Merchandise|**75**||**-**||**-**||**75**||**287**| |100 Club|**1,035**||**-**||**-**||**1,035**||**1,385**| |FX Gains|**42**||**-**||**-**||**42**||**101**| |Mavros Raffle|**-**||**-**||**-**||**-**||**6,277**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| |**_Sub total_**_(Gross income for AR)_|**52,594**||**-**||**-**||**52,594**||**24,781**| ||||||||||| |**A2 Asset and investment sales,**
**(see table).**|||||||||| ||**-**||||||||| ||**-**||||||||**-**| |**_Sub total_**|**-**||||||||**-**| |**_Total receipts_**
**A3 Payments**|||||||||| ||||||||||**24,781**| ||||||||||| |
ConsultancyFees|**1,701**||**-**||**-**||**1,701**||**8,160**| |Bank and Transaction fees|**763**||**-**||**-**||**763**||**345**| |Platform and Domain Fees|**272**||**-**||**-**||**272**||**46**| |100 Club Prize|**100**||**-**||**-**||**100**||**-**| |Donations to Falcon College|**8,788**||**-**||**-**||**8,788**||**4,154**| |Postage & Carriage|**-**||**-**||**-**||**-**||**17**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| |**_Sub total_ **|**11,624**||**-**||**-**||**11,624**||**12,721**| ||||||||||| |**A4 Asset and investment**
**purchases, (see table)**|||||||||| |**Inestec Wealth Endowment Fund**|**18,291**||||||||**23,023**| ||**-**||||||||| |**_Sub total_ **|**18,291**||||||||**23,023**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||||||| ||||||||||**35,744**| ||||||||||| ||**22,679**||||||||**- 10,964**| ||**-**||||||||**-**| ||**10,049**||||||||**21,013**| ||**32,728**||||||||**10,049**| ## **Section B Statement of assets and liabilities at the end of the period** |CCXX R1 accounts (SS)
**Categories**
**B1 Cash funds**|1
CAF Bank Ltd
Wise Bank
PayPal
**Details**
**_Total cash funds_**
(agree balances with receipts and payments account(s))|**Unrestricted**
**funds**
**to nearest £**
**6,664**
**25,354**
**709**
**32,728**
OK|13/10/2022
**Restricted funds**
**Endowment**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
OK
OK|**Endowment**
**funds**
**to nearest £**| |---|---|---|---|---| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |Signed by one or two trustees on
behalf of all the trustees
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**|**Details**|**Details**|**Unrestricted**
**funds**
**to nearest £**|**Unrestricted**
**funds**
**to nearest £**|**Restricted funds**
**to nearest £**|**Restricted funds**
**to nearest £**|**Endowment**
**funds**
**to nearest £**| |---|---|---|---|---|---|---|---| ||||**-**||**-**||**-**| ||||**-**||**-**||**-**| ||||**-**||**-**||**-**| ||||**-**||**-**||**-**| ||||**-**||**-**||**-**| ||||**-**||**-**||**-**| ||**Details**||**Fund to which asset**
**belongs**||**Cost (optional)**||**Current value**
**(optional)**| ||Investec Wealth Management||||**88,016**||**103,317**| ||||||**-**||**-**| ||||||**-**||**-**| ||||||**-**||**-**| ||||||**-**||**-**| ||Signature
**Details**
**Details**||**Fund to which asset**
**belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
Peter Coulson
Colin Bewes||||**Current value**
**(optional)**| ||||||||**-**| ||||||||**-**| ||||||||**-**| ||||||||**-**| ||||||||**-**| ||||||||**-**| ||||||||**-**| ||||||||**-**| ||||||||**-**| ||||||||**When due**
**(optional)**| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||| ||||||||Date of approval| ||||||||| ||||||||| ||||||||| CCXX R2 accounts (SS) 13/10/2022 2 8&0ZL è131 d51& rtAJgnJTr? s.nO4WV LZ ssajppv (Au￿￿.) Apoq Jo {s)UOryEgiW.IBnb IEUO!swoJd WPAala¥ c￿￿31) po :awEN 2iOlI OIIL "A￿d? Jou op sia¥geJq ui aiapp aseaid. "paweaj aq oi swnowe Jo 6u!PUEwapun Jadojd e qqEua oi Japjo u! yodej SI￿ U! UMeJP ￿ pinous uotwauE WILWI Oi UOryEU!wexa UWM U0!PaUu￿ U! WellEUI Jalllo OU ssox)e auiog aAEiI pu? swa)U￿ OU OAE4 1 "uoiieu!Lupxa wèpuadapu! up JO yBd SE pajap￿utrJ JaUEW P IOU S! WIIIM Melrt j1￿ puE an4 e ahj6 swnowe w iuawaJ!nbaJ AUE Uei41 Jei410 gOOZ SuOryE1n6è￿ (sisoda¥ we 4unO￿v) s•rwey? eyi u! wo ias swnojgpjo waW￿j PUE uw 6u!waau swauJaJ!nbaJ ￿q￿lIdde a41 Uwd p.jp $wn0￿? OYI Jo '.spJwaJ ￿lJun0￿je UUM IOU p.lp swnoyJE e41 Jo .'pv selwey? Jo oei uonaos w ￿Uepjo￿ u! ¥le¥ w aJaM spjow 6uWno￿P a Ipuaww Aup 'u! aAe!iaq oi asnEJ aw s•N6 49!w {. PaSOI?S!P IEYI UEUI Joyio) uo.ryeuiwexa a[￿ uoU￿UU￿a u! uoouaup Aw oi awtrJ OAEU sJauew ieuaww ou iEw UUUUtrJ I 'UOUEU!UWA• Aw pa￿dU￿ aAey i lUaw￿￿S $Jauiwpxa iuapuedapui pou61s "pv io (q)(s)stri UOW Japun u01ss1wu￿ Awpu? Aq UaAI6 su00)a￿a aNE)!We IIE PeMOlI￿ aAey I 'UOIIBU!UIEXa Aw Jno 6u!KuEJ u! PUE PV L IOZ OLU io uoryjas Japun o pau￿ wunoyJe sAsYui JO UQUEU!WExa Aw w padsej u! ytsJaJ I .(￿V 8UL) L LOZ pv sawEy swowaJ!nbaJ 4VM a)uepJox)p u! swnoJ9P ou110 uoriBiEd￿d ￿ Joj a￿lSUOds?j aje noA 'saaww $JwP￿ sv yodej w slstq pup sa41i!q!$uodsa "La)I￿LIke PgWO JEaA Joj Awp aAoqe Jo gunowE awjo UOUEU!wpxa Aw uo saaFn4 oi uiidaJ I Pa￿￿Wo￿ wnpJ Aweu? aui Jad sv sa6Ed uo ino les 69Ltr6Z (AUE J!) papu JEoA ayi Joi swnoyx uo nji SEasJarf) •ioJ U￿lE4 sJaqiu04U sn4 oi yode yoda¥ sJgu!WEX3 iuapuadapui v uoiijas uno?aE eyi uo yodaj sJau!wexa iuapuadapui 8&0 ¥31 '8￿1?81p 01 SWSIM J•U!UIExa IP￿ swaw. Aup g!EH) Jauq 8Ja4 OA! "(sJaJ!tuexa a)up￿.n5 pu? $uo!paJ!p :￿Un￿ Jo u0oethw￿8 lUap￿apUl 'z£?a aes) Luaauw Jo sjauew IEuaiEW iy6114&4 oi spaau Jau!WEXa aui y. aiaidwoa Aiuo aJnsoi?sia 8 UO!J)as