COMPANY REGISTRATION NUMBER 8248119 HIGH FLYERS (SOUTH STAFFS) LIMITED COMPANY LIMITED BY GUARANTEE 31ST OCTOBER 2020 CHARITY NUMBER 1150518 ## **HIGH FLYERS (SOUTH STAFFS) LIMITED COMPANY LIMITED BY GUARANTEE** |**FINANCIAL STATEMENTS - YEAR ENDED 31ST OCTOBER 2020**|**FINANCIAL STATEMENTS - YEAR ENDED 31ST OCTOBER 2020**| |---|---| |**CONTENTS**:|**PAGES**:| |Members of the Board and professional advisers|
1| |Trustees Annual Report|2 to 4| |Independent examiner’s report to the trustees|5 to 6| |Statement of fnancial activities (incorporating the|Income| |and Expenditure|7| |Balance Sheet|8| |Notes to the Accounts|9 to 11| V.IGH FLYEPS (sowrH STAFFS) UMIT£D COMPAP4Y UMITED BY GUAFi4NTE£ MLNBERS OFTHE BOARDAND PROFESSIONALADVISERS Registered Charity Name liir.h ylyers (South Siaffsi Lirnited Charity Number 1150i18 Company r6rfstration Number 8249119 ReE75tered Offlce Pe&a5LIS House I i Elder Gro¥'e 'ombau". fte Stafiordshire Trustees E Bakrar S B2ker C Baker R Ph-,IIIp5 Alrs V. T2glcr hlr l. h'alton Mr5 K. Watior, Mr5 C. D￿￿e$ NJS s Joii es Secretary Mr E Baker Indep*ftdont Examlner Mr A Taylcr BSC FCA 38 k'ladl)w Dnve 5hifn61 shrOp5￿11Te TF11 9Q HIGH FLYERS (SOUTH STAFFS) LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT YEAR ENDED 31ST OCTOBER 2020 The trustees, who are also directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31st October 2020. ## REFERENCE AND ADMINISTRATIVE DETAILS Reference and administrative details are shown in the schedule of members of the board and professional advisers on page 1 of the financial statements. ## THE TRUSTEES The trustees who served the charity during the period were as follows: Mrs S Baker Mrs C Davies Mrs V Taylor Mr E Baker Mr I Watton Mrs R Phillips Mrs k Watton Mr C Baker Mrs S Jones ## STRUCTURE, GOVERNANCE AND MANAGEMENT ## Governing Document The company was incorporated on 10th October 2012 as a private company limited by guarantee and not having a share capital under the Companies Act 1985. It is governed by its Memorandum and Articles of Association, and operated on a non-profit making basis. It is registered as a charity with the Charity Commission with registered number 1150518 In the event of the company being wound up members are required to contribute an amount not exceeding £1. ## Trustees The Articles of Association provide that there should not be fewer than two trustees and no maximum number, who are the directors of the company for the purpose of company law. At each annual general meeting one third of the trustees retire by rotation but are eligible for re-election. The methods adopted for the recruitment and appointment of new trustees are to invite individuals to apply to the board who then consider each application and appoint new trustees. The Trustees meet every four months and are responsible for managing the affairs and funds of the charity in such a manner as they consider most beneficial for achieving its objectives. -2- i.td Chati numl)er I I SOSI 8 l Trtlievc that tlK' mxjority of busin￿¢3 ¢I￿lti￿ hav¥ r(yU1￿ ik. last tw¢lv¢ Th(￿dL3 lo ￿ v ¢hgll¢ngtn& and wc arc no cx¢q)liou. Besides (NJT usual activitie¥ in the autumn of 2019, w¢ started sessions on transport with memkr5 plannin8 and cxp¢ricncins bus: tram and train rides. However ethy on in 2020 all Community transwrt s￿l0n$ had ro stop, along with many of our TegulaT offsire activitie& due to concerns ab)ut Covid. We had to make our environment Covid eomplianl p[c￿￿e # thougher Risk Assessme￿ tntrthduce a variety of safety Measu￿ tsnd give all sraff trninin8 on these On March 23rd the cnuneil inft)m)L.d us io ¢loyL' to all th¢ )'oun8 adults. whir4L' paTh*nU¢artrs were key wDrker8. Duriri8 this liT￿, awa￿ ihal lh¥ m¢TTrthl w¢llk.inbz Urthv￿ llL)l all￿jing wvuld dctcri¢)r¥tc, and that tk. whol¥ STtu3¢ivn put patED151 ￿ UTMl¢r a I￿ of we Sel up a numky vf iniltalives lo h¥lp, includinL? organizing online a¢tivilies. weeklv ¢alls to the members and thelr fatnilies atKI sending out activity packs for members. Staff and voluntrers also worked on improving our venu< installin8 a giant 5andpi( a swing for th¢ physically disable& and a Thvt¢r play station. We opened again in July an4 aIthC￿ Dot our members we still nee4W to hire (Aher venues to enable us to run Ls six small 'bubbles". In order to nperate in severnl venue8 and maintain social distsncin8 when travclliii& WL also purch&s(xl a miybility ear. Thos¢ ni)1 ¥tlLfKlin8 were still 8iven 'long dt%isn(* SUPlKJrt' Thankfully summLT W￿¢r mLYnt ihat our mLmbtrb" we able ￿ ￿nCr11 froin a Irf of ou15idL autivitiLS and thLy particulaAy LnjLTryLd playing lenni attcnding Wikl¥id¥' and oul on bike rides. Once again infeclioD rales StarteAJ to rise late autttsmn wrfl a¢l￿dIng d￿reaSed, 50 ￿ long distant 5UPP)rt fLT them incTeased. In spite of the dtfficulties parenv carers have E¢en appreciative of th¢ support given and we remain in a satisfactory position financially. Staffing numbers remain fairlv ststic and, Althou the numteTS accessin8 this provision has dTopFd slishtly we h8ve youn8 &￿pIC w8ntin8 to join us once the pandemic h&$ subsid&t As vaccinÉtions now on the h￿A/A￿L we to rtde oui this storni. and continue to offer our services i(Tr tho%e that need them. Shelia Baker HI￿ Flyers HIGH FLYERS (SOUTH STAFFS) LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL REVIEW The Statement of Flnanclal Activttle8 8how8 net Incomjng resources for the year of 79.89318aving total funcjs carried forward at th8 end of the year of £393,184 SMALL COMPANY PROVISIONS This report has b88n prepared in accordance with the provlsions applicable to Companl8s entitled to the small companies exemption. Registered Office.. P6gasus House 17 Elder Grov8 Wornbourne, Staffordshlre. WV5 OEN Sign80 bv ord8r of the Tru8te88 r E Baker Charity Secretary ## **HIGH FLYERS (SOUTH STAFFS) LIMITED COMPANY LIMITED BY GUARANTEE** **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF HIGH FLYERS (SOUTH STAFFS) LIMITED.** ## **YEAR ENDED 31ST OCTOBER 2020** I report on the accounts of the charity for the year ended 31st October 2020 which are set out on pages 7 to 11. ## **RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER** The trustees (who are also directors of High Flyers (South Staffs) Ltd, for the purpose of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011, and that independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: - . - Examine the accounts under section 145 of the 2011 Act - . To follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5) (b) of 2011 Act and - . - To state whether particular matters have come to my attention ## **BASIS OF INDEPENDENT EXAMINERS REPORT** My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an 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 matters set out in the statement below. -5- HIGH FLYERS (SOUTH STAFFS) LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HIGH FLYERS (SOUTH STAFFS) LIMITED. {Continued ....... YEAR ENDED 31ST OCTOBER 2020 INDEPENDENT EXAMINERS STATEMENT In connection wlth my examinalion, no matter has come to my att8ntlon: (1) whlch gives m6 rea80nable cause to belleve that in any material resp8Ct the requlrements: To keep accounting records in accordance wlth section 386 of tha Compani68 Act 2006 and To prepare accounts whlch accord with the ac¢ountin9 records, comply wlth the accounting requirements of sectloil 396 of thecompanies Act 2006 and With the methods and principles of the Statement of Recommended PractlC8: Accountlng and Fleporting Charities. have not been met. or (2) To whlch, In my Oplnion, attentlon should be drawn in orderto enable proper understanding of the accounts reached. Alan J. Taylor 38 Wadlow Drive Shlfnai sh￿pShIr6. TF119QF. A. J. TaYlo￿B.recfvs￿.A Date: loii HIGH FLYERS (SOUTH STAFFS) LTD COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) |**YEAR ENDED 31ST OCTOBER 2020**
|**TOTAL FUNDS**|**TOTAL FUNDS**| |---|---|---| ||**2020**|2019| ||£’s|£’s| |**INCOMING RESOURCES**||| |Incoming resources from charitable activities.|642,633|615,566| ||_______|_______| |**TOTAL INCOMING RESOURCES**
|**642,633**|**615,566**| ||**________**|**________**| |**RESOURCES EXPENDED**||| |Charitable activities
|(562,940)|(567,120)| ||_________|________| |**TOTAL RESOURCES EXPENDED**
|**(562,940)**|**(567,120)**| |**NET INCOMING RESOURCES FOR THE YEAR**|**79,693**|**48,446**| |**RECONCILIATION OF FUNDS**||| |Total funds brought forward
|313,491|265,045| ||________|**_________**| |**TOTAL FUNDS CARRIED FORWARD**
|**393,184**|**313,491**| ||**=======**|**========**| The statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All the above amounts relate to continuing activities. -7- FIIGH FLYERS (SOUTH STAFFS) LTD COMPANY LIMITED BY GUARANTEE BALANCE SHEET YEAR ENDED 31ST OCTOBER 2020 FIXED ASSETS Tangible Assets 2020 2019 339.600 312,000 CURRENT ASSETS Debtors Cash at Bank and In hand 58,498 190,849 60,850 141,557 249,347 202,407 CREDITORS: Amount falling due within one year (20,11n (11,232) NEf CURRENT ASSErs 229,280 191,175 TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS: Amount falling due after rnore than on& year. 568,830 {175,846) 503,175 (189,884) NET ASSETS 398.184 318,491 FUNDS 393,184 313N91 TOTAL FUNDS 893,184 818,491 For the year ended 31 st October 2020 the charity vias ènI1￿0d to axémption frem audit und8r 88Cti¢n 477 of the Companies Act 2006 ro18ting to sm811 ¢ompAnio8. TnJ8leae' respcnsibl￿es'. The members have not wuir¥d thè ¢h8rity to obtain an audit of its accounts lor the yeAr in qu¢8lion in accordance wtth 5OCtion 476; and Thè tsu8t88s acknowledge Ihelr ￿ponse5 lor complying with the *quirements of Ihe Act respect to accoun:ing records and preparation cf aGCOUnts. The88 accuunts heve been prepared In accorfance with th8 prov18ions applirAbla to ¢omparni￿ subject to L4e srnall componies rogim8 and Yiith tho financial r8pDrting Stsndard for 8maller entitie5 leffeGINe April 20081. Thés? al statom8rrt8 W8Tr approved ty the board of dlrectors and aLrthort5ed for Issue on the. and are signed on their tehalf S. BAKER E. BAKER HIGH FLYERS (SOUTH STAFFS) LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMeNTS YEAR ENDED 31ST OCTOBER 2020 ACCOUNTING POLICIES . Basis of aecountlng: Th8 financial statem&nts have been prepared under the historical cost convention and In accordance with the financial reporting standard for smaller Entkles (effectlve April 2008), and the requirements of the Statement of recommended practice Accountlng & Reporting by Chartties issued in March 2005 (SORP 2005). FIXED ASSSETS: Al fixed assets are inltlally recorded at cost. Depreciation: Depreciation is calcul*(ed so as to write off the cost of an asset, less Its estimated re8idual value. over the useful econornic1rf8 of that asset as follows.. Motor Vehicle - 25% per annum Straight liné 2. INCOMINQ RESOURCES FROM CHARITABLE ACTIVITIES Unrestrlct•d Funds Total Funds 2020 Total Fund8 2019 Fee8 DonatIon￿FUnd Raising 622,898 19,735 622,898 19,735 572,957 42,609 3. cosr OF CHARITABLE ACTIVITIES BY FUND TYPE Unrestricted Funds Total Funds 2020 £'s Total Fund8 2019 Social Work Activities 562,940 562,940. 567,120 COST OF CHARITABLE ACTivinES 8Y ACTIVITY TYPE Unrestricted Funds £.8 562,940 Totsl Funds 2020 £'s 562.940 Total Fund8 2019 Soclal Work Actiwties 567.120 HIGH FLYERS (SOUTH STAFFS) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS. YEAR ENDED 31ST OCTOBER 2020 S. NET INCOMINa RESOURCES FOR THE YEAR Th1$ Is ststod 8fter charglng: 2020 2019 D•p￿¢[atIon 9.195 6.000 6. STAFF COSTS AND EMOLUMENTS Total staff costs wero 88 follow$: Wag88 & S&aries 356,936 333,987 Soclal $8curity costs 78,410 56,694 390,681 Partlcular5 of amployeos: The average number of employee8 during the year, C￿cUlated on the basis of full time equivaiènts, was as follow8: 2020 2019 Number of administrative staff 31 29 No employee received remuneration of more trian £60,000 dudng the year. 7. TANGIBLE FIXED ASSErs Land & Bulldlng8 Motor Vehicla Total COST blfwd DIspo8818 Addltlon8 300,000 25,789 325,789 38,795 36,795 At 318t O¢tober 202D 300.000 62,584 362,584 DEPRECIATION BIFwd D18P08als Charge for tho y•ar 13,789 13,788 9,195 At 31st October 2020 22,984 22,984 NEf BOOK VALUE At 31 st October 2020 £339,600 At 31 st Octob6r 2019 £312,000 -10- HIGH FLYERS (SOUTH STAFFS) LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST OCTOBER 2020 2020 2019 DEBTORS Trade debtors £,8 60,850 58,498 58,498 60,850 CREDITORS- Amounts falling due wRhln on8 year £,5 £'s PAYEJWAGES AccnJal8 10,068 10,049 10,632 600 20,117 11,232 10. CREDITORS: Amounts f￿ling due after mor8 than one year Mortgage Loan 173,212 2.434 184,750 4,934 175,646 189,684 11. UNRESTRICTED INCOME FUNDS Balance at 1st November 2019 £'s 313,491 Incom Resources E's 79,693 Balance 31st October 2020 393,184 12. ANALYSIS OF NEf ASSEfs BEfwEEN FUNDS Tangible Fixed Assets Net Current Assets £,8 229,230 Total Unrestrfcted Funds 339,600 568.830 13. COMPANY LIMITED BY GUARANTEE The company is regi8tered as a private company limited by guarantee and not having a Share capital and accordlngly the Ilability of the members is limlted. Every member undertakes to contribute to the assets of tha company in the event of it belng wound up such amount as may be required not exc88ding one pound. 11-