SKY WAY Your future. Own it. SKYWAY CHARITY Known as Skyway REPORT AND FINANCIAL STATEMENTS YEAR ENDING 31 MARCH 2021 Charity Number 1093239 Company Number 04335024 (ENGLAND AND WALES)
The Trustees are pleased to present their annual report and audited financial statements for the year ended 31 March 2021. Reference and Admlnlstratlve Infomiatlon: Charity Name.. Skyway Charity Charity Registration Number.. 1093239 Cornpany R8gistr8tion Numb8r'. 04335024 Registered Office and Operational Address.. Unit 2, 222 .ng$1and Road Hackney. London E2 8DG Members ofthe Management Committee, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are s8t out below. Manaoement Committee.. Lee, Grant Barrie, Mo E150n, Claie Elizabeth P8uI. Nicholas Martin Archard. Nick Castle, Joseph Persson, Jonas Sokoya, Joshua Oluwatosin Azzopaidi-Throssell, Maria Jose (appointed Mareh 20211 Ichairl (Tieasurerl (Vice Chaiil Secretsry Ahmed, Noreen Senior Management Team: Ms N Roast Ichief Exe¢ulivel Mr D Mussie (Director of Development) Mr M Gayle IDirector of Operations) Auditor.. HW Fisher LLP, Acre House, 11-15 William Road, London, NW13ER Bankers: CAF Bank Itd, 25 lQng5 Hill Avenue, King5 Hill, West Malling Kent, ME19 4JQ Triod05 Bank, D8anery R08d. Bii5tol, BS1 SAS Solicitors: Slaughter and May. One Bunhill Row. London EC1Y 8YY
SKYWAY CHARITY TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 Annual Report Aims and Purposes In early 2020 Skyway amended ils purposes as ¢ontsined within the company's Memorandum of Association by special resolution lo.. Skyway aims to addtsss the individual needs of disadvantaged young people aged 8-25 years c>ld and fh8irlocal con7munity in London boroughs." enabling them to ach18V8 P8rsonalgoals. r8alis8 th8ir potential and contribute positiwely to their community. The change, which moves Skyway's focus from purely young people to young peop and their local communities. acknowledges that our young people are strongly influenced by their experien$ in the places that they grow up and the families and communities in which they are part of. Consequently to alkjw young people to make long lasting changes in their lives we felt we needed a wider community approach. This aim is achieved through youth and cornmunity-led prograrnmes. sharing the following objectiV8S' Enable young people to develop communication and social skills, self-confidence and rnotivation to 8thieve goals. and the ability to cope with life's 'up5 and downs, Empower young people to make positive heatth and lifestyle choices, including increasing their participation in sport 8nd positive recr88b"on81 activit185 Provide opportunities for young people to volunteer and develop transferable employability and atizenship skills, whilst raising their awareness of training and career opportunities Ghampion the needs of local young people and encourage partnership working between local community organisations, public sector service providers, policy makers, businesses and young people Support parents. carers and the comrnunily to become actively engaged in, and understand the everyday lives of young people Develop best practi and share innovation in youth work Ensuring our work delivers our aims Skyway reviews ils aims, objectives and activities each year. This review looks at what has been achieved during the previous 12 months and considers the success of our key initiatives. The review also helps Skyway ensure our aims, objectives and actimties remain focused on our stated purposes. Skyway refers to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing airns and objectives. and in planning future activities. In particular, the trustees consider how planned activits'es will contribute to the aims and objectives they have set. How do our activities deliver public benefit? Our rnain a¢livilies and those who it seeks to support are described below. All our charitable acts'vilies focus on the engagement of dis8dvantaged young people, their families and their local ¢ommunilies and are undertaken to further our charitable purposes for the public benefit. Who used and benefited from our services? Our objectives and funding allow the services we provide each year lo predorninantly focus on disadvantaged young people aged 8 to 25 years, and their local comrnunities residing in Hackney, Southwark and other local boroughs.
SKYWAY CHARITY TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 Young people activities= Young people aged 8-25 continued to be the main beneficiaries of our services in 20121 however the way in which we delivered these ServIS and engaged the young people was severely impacted by the Covi(k19 pandemic which first took hold in the UK in early 2020. Our activities for the y88r took place through 8 mixtLJf8 of online groLJP zoom 58ssions, t8lephone conversations and in-person activities when reslriclions allowed.. following Covid secure governrnenl and National Youth Agency guidelines. When restrictions allowed, Skyway's frondine staff team worked in youth clubs, parks, schools, housing estates and streets 8UOSs Hackney and other inn81-London boroughs. delivering activities. workshops, training and detached and outreach services. The following were the key delivery locations I methods for the year.. Online to allow lor youth activities, workshops and one to ones to continue during lockdown The Blue Hut Youth Club in Shoreditch, Hackney Damilola Taylor Centre in Peckham, Southwaik Oliver Goldsmith's Sthool in Camberwell Southwaik Detached work (working with young people in an area they choose to meet and working towards a shared outcome) on a number of estates in Had(ney and Southwark Outreach work and running sessions in community venues in Hackney and Soulhwark Skyway focused its efforts on delivering activities, workshops and offering support that was fleXIe for the young people in a year full of chall&nges Despite the disruption. activiti&s were wide ranging. inclusive and focused on the needs of our young people whilst considering their wellbeing including conoerns and worries which included isolats'on and loneliness. coping with bereavement, living and studying in overcrowded spaces, poor mental health, a conrn around lack of technologies and real worries about their education. In 20-21 Skyway worked with., 1126 young people engaged In our youth Sessions or sport5 214 engaged through youth work sessions 763 engaged through sports session 91 engaged through detached on estates, streets and parks 58 engaged through the fit and fed programrne at Oliver Goldsmiths school 113 achieved accredited qualifications including FA level 1 10 young people completed a leadership programme and 9 leaders volunteered across our activities Young people activity.. Highlights of the year A flexible online and in-person offer. as appropriate. that included a range of activities lo aid w8llbeing, develop personal goals and h8v8 fun. This included". numerou5 art5 and crafts activities,. online cooking., goal setting workshops,. CV workshops., FIFA tournaments,. and much more Weekly one-to-one sessitsns with ytsung people to check up on wellbeing and offer individual support Delivery of laptops to those that lacked digital teehnology for sehool work and online comrnunication Handing out educational workbooks for each year group, these were ernailed over and handed out as printed packs as required The offer of counselling support to young people that had suffered bereavement during the period IndIdual8nd group life coaching 5es510ns for young p80ple. with ski118d coach85 to work through any issues they may be facing and plan ways to overcome these A very popular maths tutoring session for those that were falling behind in school Our youth ntre was one of the distribution centres for the Marcus Rashford 'No child should go hungry food r2mpaign during school holidays.
SKYWAY CHARITY TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 A creative sports pad(age which included online sessions for young people and young people and their families, football match days rather than tournaments, individual gym sessions and non-contact football training sessions in bubbles A partnership with Oliver Goldsmith's school whereby Skyway ran a 'fit & fed, programme during school holidays which included fun sports actiwties, a meal daily and a food hamper to tak& hom& at th& weekends to cook with their families Outcomes achieved by our young people in 20-21 Developed resilience, Improved health, Improved communication skills, lrnproved adaptive skills Improved listening skills, developed respect for each other, Improved physical health, Developed self-care strategies, Willingness tts aCsS supp)rt, Improved emotional wellbeing Community activity We recognised immediately that the lockdown may cause our young people's families further financial concern and wrth our charitable aims recently changed to incorporate young people's families and communities we called round to all to ask if they would benefit from Week food bags, from which our food journey comtnenced. Food has been a key aspect of our development into working with communities. In the first week of the pandemic we handed food. which included cupboard staples, fresh fruit and veg, ¢ereal. eggs. bread and toiletries to 17 families. By the end of the financial year we were handing out bags of food out to 220 families and vulnerable people, consequently feeding over 700 individual people each W88k. Bags w8r8 hand8d out from The Blue Hut youth and community hLJb. d8liv8r8d acios5 Hackney by Skyway staff and volunteers and given to Oliver Goldsmith Primary School and New Regents PRU to distribute to their families rnost in need. The food distribution directly impacted the lives of the young people through our work with our local communities and we used this work to enable us to bring a little bit of joy at special times in a difficult year. This included.. Over 300 Christmas presents lo children whose families collected our food bags Over 300 books were distributed on World Book Day Easter eggs and Ramadan treats were distributed to coincide with those religious festivieS 'Too many pants, a book that tackles 'big feelings, for younger children was handed out in each of the fotsd bags in June 2020. The following day the author, Ruth Dieary read along with the children who tuned In via zoo We 8150 woik8d with different partners on oth8r food initiatives our we8kend bags containing ingredients for full meals with recipe cards for children and families was a very successful extra project. We loved seeing the pictures posted of the children with their delicious nutritious cooked foodl In 2020-21 Skyway have worked with., 992 members of the community engaged with our s&rvices In total 792 community m8mb8rs benefited from food during th8 period many of them on 8 weekly basis 200 engaged in sports 3 adults became Comrnunity Charnpions and supported othei local people 38 Clinically extremely vulnerable comrnunity members ieeeived weekly food bags18s they could not go out lo shop for themselves) 25 Community members received weekly food shops whilst they were isolating due to track and tra
SKYWAY CHARITY TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 Community 8ctivity= Highlights for the year A reactive and quick community response to the pandemic which has allowed us to offer direct support to over 200 families, considerably enabling the development and growth of our community work within the year Mini projects to bring a smile to the faces of community members and their families, such as.. Christrnas p18sents". book5 on World Book Day". adivities such as our Skyway farmily online quizzes.. challenges for Mother's Day., sports. reading and cooking challenges All created and developed a sense of community and allowed people to have a bit of fun Opportunities for life coaching to support community members through lrfe's hurdles, both one-to-one and in groups proved very SUC$sful and many of those that took part expressed that it has posib-vely irnpacted their liv85 In December 2020 we comrnissioned the Turkish Cypriot Cultural Association to support us to offer culturally specific food to 50 of our Turkish comrnunily that picked up bags, they also provided a translation and support service Community WhatsApp groups created by Skyway as a way to keep in touch about our food offers have flourished, wrth community members using them to not only find out about the Skyway offei but alsts as a way to share experiences, offer each other support and pass on unwanted good5 Such as furniture and clothes Our Skyway Community Champions have been a real highlight of the year. Community members that have been supported by Skyway have been encouraged to get involved and volunteered to help others Through referrals frorn Shoieditch Trust and Hackney council we have supported petsple from our communities who were classified as clinically eXtmelY vulnerable and isolating due to track and trac8 to receive weekly shop5 for as long as d8emed necessary Strategic development Skyway commissioned Wired Canvas to update and rebrand our visual identity following the widening of our offer early in 2020, we were really impressed with our new look and consequently worked with thern to update our website too. The rebrand focuse5 on the recognition that Skyway trains and sUPPOrts people to develop their own responses to cornmunity piobletns. The aim of this is to enable people to collectively address the challenges they fa in life which is more sustainable than trying to solve" problems for them. OLJr new strapline 'Your future Own it, encapsulates this idea. Our website is bright and bold and we believe Illustffdtes a Clear idea of who Skyway are and what wa off8r. Volunteering This year we were immensely grateful lo those who volunteered with u$ during difficult limes. the majority of the volunteers supported Skyway with the community food programrne. helping us with the very tiring and tim&consuming role of moving food, packing food bags, handing out food to the local community and doing deliveries on behalf ol the team. The work was often physically d8m8nding. yet they frequ8nUy tuined up week on week to offer th&ir support. oth8r volunteers hav& helped with sports, our online Offers and in our youth activities. We offer up a very big thank you to all of our volunte&rs this year Skyway Charity worked with 26 Volunteers
SKYWAY CHARITY TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 Financial review The total income achieved by Skyway Charity in 2020r21 was £798,482 which was derived from a variety of sources. The Charity ended the financial year with a surplus of £69,974. most of whic* is restricted income for the year 21122. The management team is very happy with the financial performance achieved during the year. Much of this financi81 year was spent targeting a wide range of fundets from statutory sources, trust and foundations, additionally we were more 5ucces5ful with our Chri5tma5 campaign than we hav been previously with any other donation ¢arnpaign. Due to the pandemic and lockdown our income generation of hiring out our spa$ was considerably down. Fortunately, we were able to off set this with our success from our wider fundraising, and in total increased our income on the year before by £227,331. The funding breakdown foi th8 year was 30.901¢ sourced from 5t8tutory grants, 21.201¢ sourced from trusts and foundations and 47.9 /0 from income generation and donations. Reserves policy Skyway Charity's M8n8gement Committ8e r8v18WS its r8quir8m8nts for r8s8tV85 on 8 qU8rt8rly b8SI5, Whi taking into consideration all rnajor risks that could potentially affect the organisation. Skyway Chaiity continues with its policy of investing surplus cash into a Charities Aid Foundation ICAFI account and has also maintained its savings account at Triodos Bank. As per our ptslicy for the year ahead, Skyway Charrty will abayS aim tts htsld unrestricted reserves tsf no less than three months annual expenditure and no more than ten months annual expenditure. As of 31 March 2021, the budgeted expenditure lor the financial year 2021-22 is £666,641. The level of unrestricted reserves as of 31 March 2021 was £348,901 which represents just over 6 months of operating expenditure and fa115 Wlthin our expected reserves levels. The Trustees feel that the reserves are of a sufficient level lo sustain the Charity if there was a prolonged drop in income over the current year The Management Committee is confident that this ests'mated annual expenditure will enable all ex15ting adivities to continue, alongside additional focus on the developrnent of new activrties to enhance the activity range offered and contribute to the long-term sustainability ol the organisation. Plans for the future 21122 started with an easing of the 3rd UK lockdown. Still in an unprecedented and unpredictable environmenl, our focus has been to build up our in-person activities again whilst abiding by the government covid guidelines and government road map and alternpting to meet the increasing demand across all of our activities. We will continue tts manage this delicate process in 21122 as rules decrease and life attempts to return to normal. A focus In 21122 15 to establish stability within our youth piogiamtne5 to offei a consistency of in- person adivity to meet the needs of the young people that come to activities al Skyway. As always we will locus our attention on delivering high quality activities that young people are interested in and that will support their own personal development and enrich their lives. The end of April 2021 saw the end of our food pi(NJiamrne due to the cost and level of 1850urc8S that it took to off&r food to so many peopl&. However, we have been incredibly fortunate in that Humdingers. a local catering company in Hoxton, have offered lo continue providing and packing food to local residents on a weekly basis. Since May 2021 we have been working with Humdingers and the next door penticostal church to continue to offer the food bags. We will continue to monitor this in 2021122 and assess what best meets the needs of our local communities. As w&ll 8s food we will look to work dosely with the communities that W8 have r88ch8d during Ihe pandemic to assess and offer them support, activities and programmes that allow them to thrive for the future.
SKYWAY CHARITY TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 Pre-lockdown we were exploring how we could further develop our income generation parti¢ularty from the Blue Hut, we will continue to explore how this can be re-established. Offer of thanks Skyway offers its enormous thanks to all the funders, fundraisers and donors who have supported us over the last year. We ale also very giatefvl to those who have donated time and their expertlse to support us in a variety of ways. Skyway works with a number of partners to extend our reach and offer specialist support to young people. This year we have been delighted with how the community has come together to offer support to those that most need it. W8 offer thanks to all but in parhcular to J811ot, Hackney Qu8St, Shoreditch Trust, TLJrkish Cypriot association, Guro Maneyo Granth Gurdwara, The Hygiene Bank, Hackney City Farrn, Humdingers. Shoredilch FC, Hackney and Islington Football Club. Dipped in Creativity, Immediate Theatre. United AIIStars, Jean Te Le, Southwark Legends. Rio Ferdinand Foundation, Southwark Council, Hackney CVS, Access to Sports, the Hackney Gangs Unit, Hackney Youth Service and the Had(ney Food Network whts have supptsrted us this year in our mission to empower young people and their local communities. Governance Govèming Doeumènt The organi58tion is a charitabl8 company limited by gu8rant88. incoiporated on 5 Decernb81 2001 and registered as a charity on 31 July 2002. The company was established under a Memorandurn of Association that established objects and powers of the charitable cornpany and is governed under ils Articles of Assoaation. In the event of the company being wound up members are required to contribute an amount of £10. Recruitment and appointment of new trustee5 The Directors of the cornpany are also charity trustees for the purposes of charily law. and under the company's Articles are known as Members of the Trustee Board. New trustees are recruited through advertisements, recommendations or by people contacts'ng Skyway looking to volunteer, are then interviewed and, if deemed suitable, proposed and elected to the Trustee Board. This year we appointed one new tiustee. We have advert15ed trustee positions through e-mail newsgroups and trustee websites that we have links lo. All members of the Trustee Board give their time voluntarily and receive no benefits from the charity. Inductlon and tralnlng of naw trust•&s Skyway runs yearly away days for new and existing trustees to induct and update them on current activities and agree future plans. New trustees complete an induction procedure and ale also offered a'tnentorf from the existing trustees to offer support and guidance, unfortunately thi5 year we were unable to have an away day due to Covid, we hope with restrictions easing that this will be something that we can do in 2022. Trustees are given the Charity Commission Guides about the responsibilities of being a trustee and off8r8d the opportunty to 8tt8nd training sessions to assist th8rn In th8ii role. Risk management Risk management is addressed through the trustee meetings.. both the CEO'S report and the Finan report identifies risk areas. This year the trustees looked at the 4 greatest risks to the organisation and how to protect the organisatM)n against these. Skyway Charity wotl(s to an annual plan which Identtfies the key areas for development for the year and keeps the oigani5ation on tiack. There is 8 high level of investment In staff training and dev&loprnent to ensure Skyway Charity can meet all the needs and requirements in the field of youth and community work. The CEO is supported by two Directors, who make up the Senior Management Team.
SKYWAY CHARITY TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 The main risk for the charity for 2021122 is still considered to be the Cowd-19 pandemic. Despite the vaccine being widely available and the potential for reopening, there is sts'll a lot of uncertainty for the future. Skyway has to continue to balanTr the needs ol our service users with the need to stay safe and offer a safe environment for those that wish to use it. We are very aware that most of our young people a very keen to retum to 'normal lrfe, and often have faced real hardship by being isolated frorm th8ii friends and ext8nd8d family. W8 will continue to work very hard to balance thes8 factois and put in place robust risk assessments and prOdureS to safeguard all that come into ¢ontaot with the Charity. Skyway will continue to work closely with our young people, their parents and community to support them during this difficult time. The 3 other main risks are.. Missed or inapproprialely handled Safeguarding and or health and safety incident. Shift in focus of our core aim and offering community activity and food Staff wod(ing from home Slructure, Governance and Management Since March 2015. the rol8 of Secretary to the trustees has te8n undertaken by the Financ8 and Offe Manager at Skyway Charity. Day-ttrday responsibility for the provision of services rests with the CEO and Directors, who are responsible for ensuring that we deliver the services specIfd and key performance indicators are met. They are also iesponsible for the financial monitoring. budgeting and fundraising foi the charity, supervision of key staff and ensuring that the team continue to develop their skills and working practices in line with good practice. The Directors are responsible for the day-to-day running of the contracts and programme delivery. The trustees and staff meet annually to consider the strategic developments and direction of Skyway Charity. At present the board has 9 members from a variety of professional backgrounds relevant lo the work of the charity. The board is not currently looking to recruit. however if the right person presented themselves with skills and experience required we would consider an appointment. Responsibilities for management and development, in line with the organisation's vision and objective5 continu8 to be delegated to th& CEO. who r8ports to the tiustees at rn8etings every 8 weeks, pioviding regul81 wiitten r8ports on the financial posth.on and futur8 funding, p8rformanc8, strategic opportunities. govemance and staffing matters. Due to the nature of the organisation's worf(, Skyway Charity engages young people in sessional employment, mainly in sports and youth work, trains young people to be peer educators and also engages and supports young people in volunteering roles. Skyway Charity also supports young people to becorme peei mentors to actively work with other young people to direcuy impact their own skills and knowledge Over the last year we have worked cbsely wth our new Skyway Champions who are members of the community that volunteer for us to support other community members. Skyway Charity is guided by both local and national policy. At a local level Skyway Chaiity is a member of London Youth, UK Youth, NCVO and Hackney Council for Voluntary Services IHaLkney CVS) The Directors are part of the Safer Neighbour Board. Community resilience partnership. Comd Safety forurm. Safer Young Hackney Network and Safer Neighbourhood Board. Mayors spoit board, 16+ Network meetings. Hackney Food NeIork, Children and Families forurn meetings and we also participate in the Hackney Gangs meetings.
SKYWAY CHARITY TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 Slatement of Management Committee's Responsibilities The trustees, who are also the directors of Skyway Charity for the purpose of company law, are responsible for preparing the Trustees. Rewrt and the financial statements in accordance with applicable law and United Kingdorm Accounting Standards Iunrted Kingdorn Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements lor each financial year which give a true and fair view of the state of affairs ol the charity and of the incoming resources and application of resources. including th8 income and exp8nditur8, of th8 charitable cornpany foi that y8ar. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently., observe the m8thod5 and piincipl85 in the Chaiities SORP, make jLJdg8rn8nts and 85timat8S that are reasonable and prudent". state whether applicable UK Accounb"ng Standards have been followed, subjeet to any material departures disclosed and explained in the financial statements., and piepare the financial statements tsn the going conrn basis unless rt is inappiopiiate to presume thal the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statement5 comply wrth the Companies Act 2006. They ale also responsible foi safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and deteth'on of fraud and other irregularities. Disclosure of information to auditor Each member of the Management Committee confirms that to the best of hislher knowledge there is no information relevant to the audit of which the auditor is unaware. Each member of the Management Committee also confirms that helshe has taken all necessary steps to ensure that h8lshe Is aware of all relevant aLJdit information and that this Information has be8n comrnunicated to the auditoi. Approved by the Management Committee on and signed on ils behalf by.. 75th December 2021 Grant Lee Chair
SKYWAY CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 2021 Total fijnds 2020 Total funds Unresiri¢tsd furbds Restricted fullds Notes Income Irom.. Donations Chanisblt aciiwlias In16ra$i rt¢trivabltr Other income Total In¢ome 35.109 35,109 732.415 216 30,742 798.482 34.592 489,089 622 46.848 571.151 732.415 216 3,635 38.980 27,107 759,522 Expendlture on- Raising funds 5.823 6.690 12.513 5.823 722.685 728.508 2.263 fj19,016 621.279 715,995 715.995 Total expenditure Net incomellexpendiiure 26.447 43,527 69,974 50.128 Met mr•vement in funds 26.447 43.527 69,974 50.128 Total fund5 brought forward 322,454 322.454 372.582 Total funds carrled forward 346,901 43.527 392,428 322.454 CONTINUING OPERATIONS I Inuming resources and regour¢es exp8nded arise from Gonbnuing aGtivthes. The statement of financial aclivites also complies th the requirements for an income and expendthre account under the CompaniesAct 2006. The notes fomi part of these financial 8lal8ments 10
SKYWAY CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 Prior year figures 2020 Total fund$ un$tCted funds Reslri¢ted fund$ Notes Income from: Donations Charitable activities Interest receivable Other income Total Income 34.592 34.592 489.089 622 46.848 571.151 489,089 822 39.557 74.771 7,291 496,380 Expendfitu on.. Raising funds Charitable activities Total expendlture 2.263 4.780 7.043 2.263 619,016 821.279 614,236 614,236 Net incomellexpenditurel 67.728 1117,8561 150,1281 Transfers behveen funds 1100,7451 100,745 Net movement in fund5 133,0171 150,1281 Total funds brought forward 355,471 372,582 Total funds carried folward 3L,454 322,454 CONTINUING OPERATIONS All incoming resources and resources expended arise from continuing activities. The statement tsf financial a¢tivites also Complies with the requirements for an income and expenditure a¢¢ounl under Ihe Companies Act 2006. The notes fomi part of these financial statements 11
SKYWAY CHARITY BALANCE SHEET AT 31 MARCH 2021 COMPANY NUMBER.. 04335024 2021 Tatal funds 2020 Total funds LJnr8Stiict8d funds R88trict8d fvnds UnsCtd funds R8striBtéd funds Notes Fix8d aBs8tS TsngiblE assets 6.369 6,369 Currgnl assets D@btor8 Cash at bènk in hand s4.5 290.670 344,975 45,815 16.740 62,5 100,12 307.410 407,530 29,17B 291.5S7 320.735 5.400 9.420 14,820 34,518 300.977 335.555 Cteditots". AMtsfa1lIn duewthn DtbE year Net¢urr•nt 08sets 338,285 43,527 3BI,B12 316.085 316.085 Totsl a5sel$ less cuNwt llabll1e5 348,901 43,527 392,428 322 454 322,454 Thq funds of th• Charity Unrestricted fut¥.. Ggneralfund R@8trictsd funds 348,901 348,901 43,527 322.454 322,454 43,527 Totsl Charltyfvnds 348,W)1 43,527 392,428 322,454 322,454 The financlèl $tatementswere approved by the Bts* ofTmsLÈe$ ¢ T51h Detthiber2D21 ndwtse sMed on its behallby , Chainna The notes form rtof thE5Efinancial ststements 12
SKYWAY CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021 2021 Total funds 2020 Total funds Note$ Cash flow5 from op8rating activities.. Net cash (used inllprovided by operating a¢tivities 18 13,002 112.2631 Cash flo% from investing activitie8'. Interest income Purchase of property. ant and equipment Net ¢ash provlded byllu$ed Inl Inve$tlng actlvltles 218 16,7851 16.5691 622 622 Change in cash and cash equivalents in the reporting period 6,433 111.6411 ash and cash equivalents at the beginning of the reptsrting period 300,97T 312,618 Cash and cash equlvalents at the end of the reportlng perlod 307,410 300,977 The notes fomi part of these financial statements 13
SKYWAY CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Charfty Inlomiatknn Skywaychartyis a privètè cOmnY limrted byguaranteè inco[r#ied in Enoland and we$ The rtgi$teted tsffite i4 Unit2. 222 Kingsland Road, Hackney, London, E2 BDÉ ACCOUNTING POLICIES Accountiny convqntioTr The fjnancial $lalements have been prepared undei ihe CcmpaniesAd 2006, and the requiremerts of Ihe A¢¢ounbng Rèporting bycharities Statemeniof Recommended Pr&tice appitsLlÈtO chan3 weparing thar &cOunts in accordan with the Financial Reporbty Standsrd spplicabk in Ihe UK Republicol IreLgnd IFRS 1021 leffecbve 1 J5nuary20191. Thè Chatitymeèts the dehnitts ola public knefrt Undèr FRS 102 Aysets ènd li8blrt$ are inallY tectynised at hi$ttsri¢al cosl ortransaction valu@ unl888 0th8tV4iS&Stat8d in th@ rtaccoUnh9 PDIICY The financial $lalements are prepared In $lerfing, whi¢h Islhefunctional cuirenwof ihe Charity. Moneiaryamounts in these finsncial staiemEnts are rDunded tD the nearest È Pr&ration of thofinancial 5tatBmBntson a going concern basi Th& Charity ha$ a IalIty level olca$h and net assets and Ihe Trustse6 ar& confident tha1fU1ng ala $imilar Iwello piwous yeaiswill be f0rihc0mg, even ihough n¢t 311 am¢uDts have been Gured at Ihis swe. Iflhere weieio be a reduction of Income, since much Dlthe Charity's expendiiure dIcre11Dnary. th15 cauld bE rUced. withoulseriouslycurtailing chatrtls activities Having ¢onsidered these ii$ks and $ub6equent mitigations. IheTiu$tees reaswably expect ihèchaiity to haveadequale i¢ur¢es ttrcOntiThuÈ opetating foT thÈ forèsee1kn (uiure. Theore. the Tru#tÈe$ ¢Ontsn to optthègolM¥ ¢onGem bèyi$ of in Pparing lh8 financial slat8m&nts Inc¢Jming r8sourc85 All incotning resour8 are included in the Statementol Finan Acbvitieslvhen the charity is 1egaltyentit1 tothE income and amounlcan b&quanlified with r&asonable a¢curaw. Resour¢e5 expended and IrrecovernbleVAT Expenditure Is recognised oncethere Is a lryal or conslrucbva 019atIOn to mak8 a wawnentto athird paty, It Is probabl@thal sdllwnenlwll b8 requiied and thfr amount of obligation ¢an bg mea$ured rfrliably. ExpenditUTg 1$ ¢$S1fied uDd81 the 3rtiVIty headings. Costs of raising funds c(wnpris@th8 CCFSts of attracting voluntary Incom8 and th8 costs olfundraisi Expendiiure On chèritèble acbvitie8 InG1e$ the cO$ts olthe deliveryolits aGtivibe$ and its benèficiaries Allocèdons and &pwrtionmÈntof costs Whereco$ts cann¢t be diredlyattribuled lo parbcularheadingslheyhave bèen allo¢aled lo actriilies¢na basisconsisienlwilh th u of resources All support Gosts ate all¢ted to thÈ one charitalk artivity youth work projecis T?ngibb fixgd a¥89ts D&pre¢iabon is prowded allhefollowiry annual rate$ a straighl-IID&ba%i$ in orderto wThte off wach asseloverits frslirnated U8elul lrfe orri and training equipment Flxiures and fittlngs -33% On GO#I -20% on Cosi All assets cosbng morethan £500 8iÈwitalised. TxtiOn The chaThty isexempt from corporationtaxon its ¢haiitoble activities. Fund accounting Unreslnded fund$ b8 use¢ In aOran thatitable objeiveS al the dition of the Iw$tFs% R•6lri¢ted funds are don8bons whichthe donorhas speclfied are to be solely used for PArti¢pJlar2reas of the Ch8rlty'swth* or for spefic yoiects belng und8rtakén bykn8 Chanty. GrPnnCld st&om&nts Th@ Trust88s ar8 01th8 opinion that résults and n8tass8ts olth@ subsidiary. Entétpris&SkywayCIC, ar@not matorial to th8 charity ¢On$olal8d financial &lateMgnts havg therefore nolbgen prgpaTe 14
SKYWAY CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNnNG POLICIES Icontinupdl Cash at bank in hand Cash al bank and cash In hand Indud&s cash and shortlettm highty Iwuid Investrnents with a Shl rnalurtyof three rnonlhs orlesslroTn the dale of qUisItion or OnIng of the deposit orsimilar account. Debtors Trade and olherdeblors ale toOn1$ed al the settlemeni amount due after2ny trade discountoffeied and prtsvisltsn for bad and dOubUl detts. Prepaymènts are valued at the amount ppaId net of anytrade di$counts due Crèditors and pro$1(1118 Creditors and provisions are recognised ¥yherethe Chanty has a present olgation resulbng from a past event thaiwill probably result in the transfer offu$ ID a third paty and the amount due ID settle the obligation can be measured or estimated reliably. CdItorS and prowsions 3re normallyrecogni5ed at their8Ètllemeni2mount after3llowing for any trade discounts due FSnanclal InstNments The Chatity has 8leded to applylh8 provisions ol Section 11 'BaS Finanal InslTumgnts' and Sedion 12 The ChariLyonly has financial Bssets and financial Ii£bilities of a kind thatqU8ltry Es bBsic fin8nti81 insliumenls Basic financial Instruments are Initially rectynised at tran$actitsn valuè and Subsequently measured at thèir seitknènt vslue With the exceptson ol financing Itemswhich are subsequèntly measured at amorbsed eost using the efffctive inlgresl method. cettI accountlng estlmates andludgements In th8 applicati of th8 charitys a¢tIng policies. Trustees ar& r&quired lo tnake judg&ments, eslimatss and assumptsoDs aboullhe carwng amount of assets and liabilthes that are not r&adilyappar8nl from other sources. The estimates and asSOCl8ted assumptions are based Dn histsiical experEnce and other factors that are considèred to be rèlevant Attual results may differ from thesè esbmatès The estimaie$ and underlwng assumptions r8veiwed on an ongoing basis Rgvisions lo 8c¢ounling eslirn81gs are recrynised in th8 period in which Ihe eslimats is rewsed wh&r8 revision onlylh31 pgriod, or in lh9 pgngd gf the rewsion and future peDods where the revision affeds both current andfulure p8riods. The Trustees do not believe thet0 bejudgemenls or eBtirnates that would be considered critical ID the finarla1 $18lemenls Govommgrf yr8nts Govemmenlgranls are accounted for underlhe accrual model and are recognised 81 the fair value ol the nounl received or re1V£ble Vdhen there Is reasonable assurance that the grant conditions will be mel and Ihe grants will k received. Govemmentgr8nl8 being rg¢9iv9d undgrlhe CDronawtusJob Retsntion SclEm8 d8signed lo cornp8nsale forstaffcosls. Amounts received OT receivable are recognised In the 6ts1ernenl ol financial activities overlhe sarne wiod as the costs io vthich tY rel£le 15
SKYWAY CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 DONATION INCOME 2021 2020 Donations 35,109 35.109 34,592 34,592 Donations in 2021 and 2020 were unrestriGted. Unrestricted funds 2021 Restrictsd funds 2021 Total OTHER INCOME 2021 Serve5 prOVed 20,732 20,940 3.427 6.375 30.742 3,427 HMRC Job rentention Scheme 6,375 27,107 3,635 UnreslriGtsd funds 2020 RestriGtsd funds 2020 Total 2020 Services prOVed 17.831 21.726 39.557 7,291 25,122 21.726 46.848 7,291 16
SKYWAY CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 4COME FROM CHARrrABLEACTwm&8 A¢¥¥lty Youth Work PID11$ Olhbr£Yanlsandconlracls 732,415 7.415 489,089 489.089 IncDme from 1Tr2021and202Owereresthcted D¢¢a51$ otgran Yg¢glvgd •ra$ Irllow&.' 2021 202D LQtteryCDrnUity Fwd IYIHI 99,980 ,000 .ODD 60,0(W) 24,995 Henry51th ly National Lottery CDronavis supp F- Covid IYIHI Globals Maké some Noise (Y yn9 Landon SwnmèrandAulumnActlvlbas2020- Gr0drks IYMI YlEnd0mefilc0vld-19 Fd{Y) 48.9S5 36,520 27,900 26,969 25,ODD 31,744 28,8rM) 26,969 5,(N)O Sguthw4tK ISWI GL4- Thnve IH GarrIe Weston Iv Children In Need's COMD-19 Ne5p8 Programmely) B881&Y FOndatiOn IYIHI HacknaYGWi Coronaviius Fund (HI YlEnd0¥mIfftl Fur (HI 22.4 19.967 19,20D 19,É Nike Swrts IPa Fund- Kiw Found£bon ISI HackneyGraThts Cl EaStE cQMUnityFOUr&t1[ Phsse 1 lrnmediaie RelieflH Lid0 ComThunityFoundation- Yothh soal Action Fund IYI London ComrnunityFDundation Wavè2 Fund (HI 12.600 10.( 10.0 io.o(M) iO,OOD 9,880 30.000 10,0 LBHIDEFRA¢ovil-19 Food E$s¢nii$l$GrgDt (HI Ldn CornThunityFDundation Covid- 19 Wave 1 (H Egyl F¥11( Co-pp Cowd 19 IHI 5,0(M) HaCkn8YCnC11- MIHCLG operational supportfvThling IHI Ld0 Borough ofHackn8y- F( Puw8r Fund (HI L3rnbeth SO¥k. SummerFood Full IYIHI Wést HaneY Parothial IE) EalE Community Fouti( 8rgcV Fur Phas8 3 (HI Jack PÈtCY FOrtion-ytsUIhAthVélAWÈ1ds (YI 3.437 3.360 3.2 3.2 3.0 2,50D 2,250 3.500 4,000 Street Garnp5- Thp PEar 20201$1 West HBckney P£ro(ial- Erne[ge Rdief Pr9E (HI Parefitzone communityau (HI GrOUndwksTe5co IHI ythInVesethfUnd (Vl Childi8n In NÉÉd- Young L8adarsProi8cllY) RegwVsVoGi¢nal Cdl¢9¢- EdusJliong1 pr¢giamm$ ftyyoun9 p¢ople IE) LdOn ¢grnrnunityFpundption Pe?Y IYI The Lpndpn COMTrI1Y EVE9 Di5Wy¥e5 (HI The LDndpn COMTrI1Y Eveniw DiBwssP53eJ ErnpWrnenllHI street Games BSBT ISH Héstia I L(dOn Youth ISI Tho Gdlsthith$Compaw Charlly IY) EaSlE Cammunity Fou11n ri Street Ggm¢$ Nats¢nal Qil ISIHI Woodrofte BeThton IHI 1,OQO 20.138 13,050 10,( 8,545 6.450 5.500 3.WO 2.420 2.000 732.415 489.089 ofr8sthcled tunds Yuuih deldrheddrlLYrrtd Int51LeSnd vuuthiLubb livi1¥S Yuuih Spoff PILEthILmrs-Sb5tthSdeIiVTd in b¥hl$. souihilu YwngH¢alil) * I Ifcswl¢PTowaThm- Prfjpiiim¢5that¥thsStknr dtv¢lopni¢toIyfjS[WC 5wh&swork5hop& phi'si¢al w¢lIlg
SKYMIAY CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 EXPENDrruRE ON RALSING FUTrXIS 2021 2020 Support ¢o$l re markding &adv•rti$in9 5.823 5.823 2.263 2.283 ExpEndiiure on raising funds in 2021 and 2020 weTe unrestri. Unresthcted funds Resthcted funds u[tricted nds ResthGted funds Toial EXPENDtTURE ON CHARttABLE ACTWtTIE8 2021 2020 2020 2020 Youth Watk proiBcis Dir? ¢osl&- pfrrsonnel costs Dire cost8- project related Supwrt¢o$ts GDvernance 417.472 2ff2.528 95.995 417,472 202.52B 95,995 6.690 722,685 418.276 87.990 107,970 418,276 87.9 107,970 4.780 619,016 6.6 6,6 4.780 4,780 715,995 614,236 Unrestncted funds REsthcted funds Totsi Unrestricted funds Resincied funds Total SUPPQRT COST 2021 2021 2020 2020 2020 Support cost Is c(wnpris8d of." ertising & mathetin9 PferniSie# G8n8ral Otficg Depre¢on 5,823 5,823 &3.338 ,296 2.&38 95.995 2,263 2,263 53,084 48,225 4.397 107.969 53,338 34,6 2.538 90.172 53,084 48,225 4,397 5.823 2.263 EXPENDrruRE ON GOVERNANCE 2021 202D Auditois, r8mun8ration 6,690 4.7BO 4,780 Expendthre on govemance in 2021 and 2020 were unrestricÈd NET INCOMINGIIOUTWNGI RESOURCES Neireaourtès èrÈ$tAiÈd èfter charging. 2021 2020 AuditQTS' remunerabo Oepre¢lsii¢n-owned assets Oper8ting lea*s- rent 6.690 2,538 34,800 4.7BO 4.397 33.0 111. TRUSTEes' REMUNERATION AND BENEFITS No Iru$lee$ received remuneration or olh•r benefits In eitherof yearE lo 31 March 2021 or31 March 2020. 11. STAFF COSTS 2021 2020 Wages and salar$ 363,449 7.555 35,303 406,307 364.907 7.870 34 273 407.050 so¢1 security costs The Averagè Monthty numberof employee$ during the ye2rWAS agftsllow$.' 2D21 2020 Number of staff No •mployeg earned abov&£60.000 In 2021 12020.. 01. The key managBmenlpBISDnnel of thecharity Gumprisethe Senior management teaTn as detailed on page 2 Df the trustees. snnual report Th8 total amount80fam0Y8 8molum8lltS c1Vd byth& s8niormanag&méntt&am £136.212 12020 £127,748)
SKYWAY CHARtrY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 TANGIBLE FIXEDASSETS Office and otnpuler equiwnent Fixiures and TDt COST Al 1 Ayil 2020 59,515 2.574 50,827 110,342 6.785 Al 31 Marth 21 62,089 55,038 DEPRE¢L4TION 59.045 682 44,928 1.856 103,973 2.538 ¢h3rg8foryear Al 31 March 2021 59.727 46,784 NET BOOK VALUE At 31 Marth 21 2.382 8,2Y 10,816 At 31 rch 2020 470 S,899 8,369 DEBTORS: AMOUNTS FALUNG DUE WITHIN 014E YEAR 2021 2020 Trade dEbtot Prepayments and a¢erued Inco Oth8rd8btot¥ 64,$76 12,535 3.0 20.522 11,047 3.009 34,578 14 CREDITORS- AMIYJNTS FILLING DUE WITHIN ONE YEAR 2021 2020 Trade creLflors Swial $g¢urityand olhgrtsmes 5,586 9,784 9,358 1.615 7.730 Dpferrfd inwrne 25,718 19,470 FINANCIAL COMMITMENTS At 31 Mèrch 2021. the conwènywè$ committed to making the total fdknwlny payments undern0n-trAnc1abOpeyatlny 8$e5.. Land and bu11rj$ Operatg leases which expire. Wiknin one y8ar Greaterthan one yearlèsj than five years 2021 34.800 104,400 2020 34,800 139.200 sUBSIDRy UNDERTANG Ent8rwi$e Skyway Cl¢, ¢GwnIty nteresl ¢¢¥PanY, is a wholly-(wn8d suhsidaryol Skyway Chanty The Pu0$e of Ihg CIC is to empower di$advantag80 young peopb in London to itnprove Ihgirqualty ol lile in an 8nlrepreneurial fash Entetprisp Skyway CIC does not trsde and 18 therefotp dDtrnant. No atnountwsso¥ved bythE subsidary to the psrent st yearend12020 01
SKYWAY CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 17. MOVEMENT IN FUNDS IDcomin9 resourc8s Resources 8XPEnded Transfer bpt4veen funds At 1.4.20 At 31.3 21 Llnreslrictèd fund¥ 322,454 38,960 348,901 Re5tr1cted funds Youth Work Programrng Ioulrfrath a[ Detathedl Youth Swrts ProgrAmmes Young S Lrfestylg Progratnmes Youth Enterwise & Learni 374.252 101.480 273.647 22,794 11.878 4,175 4.680 43,527 189.S821 1%9,472 759,522 715,995 TOTAL FUNDS 322.454 798.482 728,508 392,428 Rpstrirted funds all tplate to sclivities carried outw*hin the charity
SKYWAY CHARITY NOTES TO THE FINAN¢IALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 IPrioryear comparatives 17. MOVEMEMT IN FUNDS Incoming resources ReBourGes èxpended Transfer bet4n funds A11.4 19 A131.320 Unrestricted fund5 General fund 355,471 74.TT1 17.IW31 1100,7451 322.454 Restricted funds Youth Work Pramme Ioulreath and Detschèdl Youth Sports Programrnes Young Health & Lifestyle Programmes Youth Enletprisg & LeamiDg 335.121 60.201 74.518 26,540 496,380 1439,0771 160.4641 181.6011 33.W4 {614.2361 103,958 263 6,554 I,745 TOTAL FUNDS 372,582 1621,279 322,454 Restrict&l fundg all relate to activthes c8rried out wlhin Ihe charty 21
SKYWAY CHARtrY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 18. Reconciliation of net {expenditurellincome to nel cash flow Irom operating activities 2021 2020 lexpenditureifincomefor the repowting ppriod las perthe statementof financial acti¥ities1 69,974 Adjustments for.. Depreciation charges Inte91 income 2,538 4.397 IlnGreaseVdecrease In debtors Increaselldecr&asel In creditors 165,5421 6,248 45.397 Netcash Iu5ed Inyprovlded by operatlng actlTrAtle5 13,002 112,2fj3} 19. Analysis of rhange8 in net Idebtvfunds The Charity had na debt dufiny the year. Related PartyTransa¢tior There have been no related wrty transacliDnS in this finanual year or in the Pri pr 22
SKYWAY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SKYWAY Oplnlon We have au¢frted the fin(la1 stements ofStywaylthe'd)èritV) forthe ye8r ended 31 March 2021 whh CLPrethe statement of financial OcutieS, the b3lance the 5tstement of cash IIM and the notes tothe financlal 5tstements, Includln8 Sl8nlficant Jntlng The flnanclal re1 framewLYk that has been applled In thelr prep3ratkn) app1kae law and uffted m Attountimg Standards. Indudini FRS 102 The Fihahtial Reporting stsmdard aPF4icablÈ in UK and Republic of IrÈlatsJ Iunlted Kln8thm GeneralAcCepted AccounUng Pract11. In•yropinlon. the financl41514temenl$= % atruÈandfalreW0fthe ststeofthe tharitae tompany'$aff8lrsas at 31 MaKh 2021 andof its Intomln8 restyr and p1tioN of reMre&farthe yearthkn ended.. have boenpr4)erly yepared In accordanowlth Unlted Kltwm GeneralWAtceptedAtcounfjry Practlce.. and have eTrprered In accOrdaew11h the requlrementsofthe CompanlesAct 2CQ& Basls for oplttlon We (dted our wjdlt In IOr00nEe wh InterTrwtirrfwl %onthrd5 on AudrtknB IUW ILfA5 IUKTrI 4nd p1ble law. Our re5ponslb11th5 uThJer those stsndard5 are fvrther de5crlbed In the AlItor'S responsI1leS forthe audlt oltheThnarKhl ststements sectlon of our reporL We are Independent of the charlty In atoxdance wlth the ethkal requlrements thèt are relant to r 8ud5t of the flnanclal statements ln the UK, In¢ludln8 the FRCS Ethkal Standard, and we have fulfllled our other ethlcal re5wnslbllltles In aCcordanWIth these reqUIremen We belfjeve thatthe aUdItenCeWe ha¥eobtaltsd ts sufficlent and approprfateto pde b%i%fortyJr 4)irth. Conclusioths relatingtogoinÈ ¢on¢ern In audf(irg the finandol statement5. we hove wnduded th tn45tees' use of the Bdn8 concern bosts ol accounfjrg In the prepration oFthefinantlalst8tementstsapproprfaie. Based on the work we hove performed, we hwe klerrtffied any moterkl uncertalntles rdatln8 to e%nts LY cCffjdItkn thoL Indmdually or collect1ve, may cast slgnfficant dwbr on the charlVs ablllty to contlnue as a golry concern for a perltrj of at le45t monthsfrom thertthefin8ncial statemÈnts are a)NsÉd for l&sue. Our reswn51bllkles arJ the resF4Jnslbllltle5 of the trustees wlth $Fttt to 8oln8 concern are descrlted In the relevant sectlons of thls rÈptsrt. Other information The other Informatlon cc41)wlsesthe It)fOrmath IKlthJed Inthe annual reportirtherthan the flnandal Aatemet)ts and audttcrf's rèpLYt thereon. Thè trustÈÈs arÈ resptsNsiblÈ for the ather information tortairted within the annual rèporL Our opinltsn on the flnanclal statements (ljes not cover ihe other Inlormatlon and, except to the exteni OtheIse stated In our rekKrt, we do not express any fomi of assurat)ce eoncluslon thereon. Our reSkK5ltII Is to read the other Informatlcl) and, In dolng so, totder whether the other Informatljn Is MaterIal IrKon515tert whh the finan¢lal Stateme1 or our knNled8e obtaIrd In the course of the audlt, cf otherwlse appears to MaterIal mlsststed. If we Ident suth Therlal Incon5L4tencles or apparent merkil mIsstateMty we are required to detemiine whethÈr thi% 8i¥es rtse to a material mi%statement in thÈ finantial statements themselve5. If, based on the we ha performed, we cOrKIle th there Is a materN Thls5tement of thls other Irtsmlcffj. we are requlredtoreportthètfatt. We hwe noth110 report in thls re8ard. Oplnlons on other matters prescrlbed b¥ the CompattlesArt 211)6 Inthiropinion. b&ed onthework undertaken in thÈ course of ouraudlt the InformaOn in the trustees, repcrt. Indudes the direttors, repcrt prered for wrposes of company18W. fartheffinandal yearfttrwhiththefinantial slatements are prÈp3red15tttns15tÈnt wfth tfinaNCIal statemÈrt%: and th2 threctws. report InCIled wtthln the trustee5' rewrt have been prepared In accordarKe whh apFllcable legal requlrements. Matters on whlth we are requlred to reportby extrptlo Inthe light of the knowl* and understandin8 offt tharityand its eNoNMe obtsId inthe tourse ofthe audK * have Id2ntffted materlal mlsstatements In thedlrectors, report Included wtthfjn thetrustees, rerorL 23
SKYWAY INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF SKYWAY We h8¥e nothltK8 to report In respttt ofihe ftlln8 matters k) rethk)n to whkh the Ccthpgnles Att 2(XJ6 requlres us to report to vou if. in ouropiniDn'. ad4u8te att0iintl retL¥ds ha¥ nrt bÈÈn kepL or rern$ adequate our audlt ha¥e not been reteived from branchès )t Visited byu5.' or thefinancial statementsare notln a8reementwhh thÈ accountiry records and retums.. c¢ certalndlseknsures of trustees, remunerntlC spedfled by laware not made: c¢ we ha¥e notieceNed allthe Infomiatlon aNI exWanath)ns we requireforouraud Responsibilities of trustees A5 explained more fvlly in the 5tatemert of trustee5' re5PW51ts1tt1e5. trustees, are 3150 dlrethrs of the chorltyfor the wrpose of ccfflpany law, are resble for the preparatlon olthe fknanclal statements and for beln8 satL4fled thattheyglve a true and lalr vlew. and for suth Internal tomrol as the trustees dètermlne b t)Ècessaryio en8ble the weparatlon of flnartlal statsmet trot are free material m155totrment, whetTrEr due to fraud or error. In preporln8 the ffflanctsl 5tments, the trustees are reSpsIble for assesslnE the thèrws to cot)fjnue as a EolnE COern. dlsdoSl as applICae. matters relatsd to Eoln8 toncern and usln8 the 8thn8 tontern basis d attOJrti unless thÈ trustees e¢her Intend to liquldatethÈ tharitaNe compan¥ c to se OFeratlons, or have M reall5¢ akernatl¥ebutio thj so. Auditor's responslbllltlÈsfor audlt of thÈ flnanclal ststements Our oblectl¥es are to obtaln reasot18ble assurarKe atty) whether the fln8nclal statemet)ts as a whc4e are Iree frcth merfal mlsstatemwL whether to or error, and to15suE an alit0$ report th include5 our OF4nion. Reasonable as5urance15 a hlgh level of assuran trrt Is not a Éuarantee th 8th 8udlt CC4)dutted In accordance ¥Ath W (UK) wlll a¥v$ demct a materfal misststemefit I¥N rt exlsts. Mi%statemnts arisè from or Èrror and are tonsidered matsrtal if. IndivUl11y or In the a8Eregate, they couhl reasonably be expetted to Influen the ttonomlc dedOn5 of users taken on the ba515 of these financlal statements. lThe8ularftle5, Includlw fraul are Instances of Mn-compllance wkh law5 and reBulatlons. We 15kn procedures In Ilne wh Jr responslbilttlès. outllned abo ta detert merial mtsstatsments In resct of Irre8ularilies. ihtludin8 fraud. Thè extent tt+ whkh our procedure5arecapabOfete(In1rreU1arles, Includln8fraul15 detslled bdow. As part of our plannln8pf+xes$'. We enqulred of management the swems and controls the charty ha5 In a¢e. Ihe areas of ihe finandal statemet)ts that re most susceptlble tothe of Irre8ularhle5 and fraul and whether there was any known, 5U5perted or ald fra1. The dld not Inform u50f any knIn,SUspec1ed orald fraud. We obtained an under5trndln8 ofthe le8al and regulorytrdmework5aprJlcaWe to thecomparty.Wedetermlred that the folln£were most rel2¥ant:IheCharltySORP. FRS 102. CharltlesAct 2011. CompansAci 2ts)6 and Employment Law. We consldered ihe Inceml¥es aThJ opportunltle5 that exlst In ihe ¢harlty, IlutIngIhe extem of managemeni Lth, whkh present a wential for Irre8uL9rÉ%aThd fraudto be prpetued. 8ndiailoredour rIsk8ssmet8ttardn8ty. UslnB our knrdge céthe charfty. tOEether w6th the thscussljns held w6th the thèrlty atthe t4annlng staget wefOrM tondusion on thÈ risk of missL8trment due to irrÈ8urities intludin8 fraud and tailorÈd tyjr ryotedu attorthn8 to this riskas5e55menL The keypro¢edwes we undertty)kto dete¢tirre8ul4ritiesindudin8frayd dumgthe YSe of theoutht in¢luded: IdÈntrfyity and tes11 journal trtrfes and overall a¢¢othtin8 re¢th. In par¢U18 thwe th were s18nkn arJ unusual. ewln8 finanrKIl statement L15rknsures and determlnln8 thether accwntln8 pdlcle5 have bEen apkyowlatety applkd. HeiewIng ènd thollen8ln8 the è55umptk)ns and judgements used ty m4no8ement, and cOndwI Ihal tre are r sknfficantactountlngestlmates. Asse551ngthe extentOfccfflthn, or lackof, hthe re*vartlawsand re8ulatlcfi TeStIevIncDme Ilne¥ kn paCUlar ortff,forevlIence0f mana8ement Assesslng the ¥alrtY d the d8ssffic8tlon of incom< eXpeIlUre. assets and llatl1les beN¥een unrestrided. and restrktedfvnd5. Performirwa physical verifftation of keyassets. Obtalnln8thlr&F4rtyconflrmatknn of materlal bank lanCeS. DMentlnBand verffylnu all 5knlficant related party tqlancesandtran5arthJns. 24
SKYWAY INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF SKYWAY OvMng to the inhErent limitstion5 of an audit, there is an unavoidaNe risk that we may not have detected 5orne materiol misstatements In the finènciil sratements even though we have properly planned and performed our audit in accordance with auditin8 Staftdards. The primary responsibility for ihe prewention and detedion of irre8uIBritie5 and fraud rests wirh the trustees of the charity. A further description of wr responsibilities is available C the Flnancial Reportin8 Council's Wete at.. https'.Ilwww.frc.orE.uk/auditc*sresponsibilities. This description forms partof our auditor'5 report. U5• of our report ThSs report is made Sole tD the charitable company's members, as a body. in accordance with Chapter 3 of Part 16 of the Cornpanies Act 2(M)6. OUT audit ¥York has been undertaken so that we might state to the charitable tompany'5 member5 those matters we are required to state lo them in an auditor5, report and for no other purpose. To the fullest extenr permned by law. we do not accept or assume resp)nsibility to anyone other than the charitable company and the charitable companV5 members 35 bth. for our auditwork. for this report. or for the opSnSons we have formed. Sallesh Mehta 15¢nlor StatutoryAydltorl for and on behall of HW F15her LLP Chartered Accountants Statutory Auditor Acre House 11-15 Willi3m Road London NWI 3ER United Kinldom 25