HIGH FLYERS (SOUTH STAFFS) LIMITED COMPANY LIMrrED BY GUARANTEE TRUSTEES ANNUAL REPORT YEAR ENDED 31ST OCTOBER 2tr22 The truslees. who are also directors for the purposes of company law. present their report and the unaudited financial statements of the charfty for the year ended 31 st October 2022. REFERENCE AND ADMINISTRATIVE DEfAILS Reference and administrative details are shown In the schedule of members ot the board and professional advisers on page 1 of the finanGial statements. THE TRUSTEES The trustees who seryed the chartty durtng the pertod were as tollows: Mrs S Baker Mrs C Davles Mr I Watton Mrs K Watton Mr C Baker Mrs Fl Phllllp8 Mr E Baker Mrs S Jones Mrs V T8ylor Mrs D Weavor STrUCTURE, GOVERNANCE AND MANAGEMENT Governlng Document The company was incorporated on 10th October 2012 83 a privale Company Ilmlted By guarantee and not h8vlng A share capital under th8 Companies Act 1985. It is Gov8rn8d by its Memorandum and ArtiGle5 Ot Association, and operated on a non-profit making basis. It is registered as a charty wkh the Chartty Commlsslon with r8gi8t8r8d numb8r 1150518. In the event of the company balng wound up members are requlred to contrlbute an amount not exceeding £1. Tru8tee8 The Articles of Association provide that there should not be fewer than tnjstees and no maximum number, who are the dlrectors of the company for the purp0888 of ¢omp8ny law. At each annual general m88tlng one third of the trustes retire by rotation but are eligible for re-election. Tho mgthod8 adopted for th8 rwJuitment and appointment of new trustees are to invrte Individua15 to apply to the board who then consider each application and appolnt rew trustees. The trustees meet every four months and are resFX)nsible for managing thè affairs and funds of the charity in such manner as they consider most b8n8ficial for achieving its oblect8. igh Flyens IvouthSts& l Llt. l?, EJa*Gty)it, IhJthy IIX618 Cc4UF4wR•ptt*kn8248119 VSOEN UY7 Re ort for Hi ers Sjuth Stsffs Ltd Than nwnber 1150518 WhJg( over the last few ye￿. Covid has cast ahuge cloud over our Prnvision. there has b M Drte silver linmg frnm ￿1th mttnbers have bojefitted. Fhor b) Covid ￿¢￿b￿S were reluct￿t Separate mto small group & sdilch rnt￿t &ttvitses We￿ geareJa to 'Ahat the znajonty W￿ted. ad it vias harder to inchduA those wryth PMLI, or severe conrounicatson issues. As the rest of society opened up, Ihe only that7￿ could do so safely. gven the vullleAi￿ty of some of our Memb￿$. by mak￿8 SUR thry wmt intr 5 self.contaned smajl ￿0up$ E*h EFoup would hwe less than ten members atrending they w)uld be supported by their statT As there wd5 no other optton members cooperated and g)tusrf th the idea of bejng 'te￿, which they named. Strongrelattonthips a wup id&Jtsfy developed Havjng smaller wups has rnt￿t that those With Sunl18rne￿{S and interesfs could be tDgether SD the acttvLtses would more accurately reflected the neoas ￿d wrythes 0£ all the m￿be￿. membe￿ have really bexefitrd ftDm this ch•ge ￿d.tte have seea big Jmprov¢xn￿tSth social ￿d practscal skills as well as levels of comm￿lca￿0ll It is our plan to rela￿ Ihe5e groups but have occasional joint actsvitses as ￿d ￿ell it ts safe to do so. Member5 also benefits from staff consistenry. &< th•k5Jlty. we stsll have a low st8£f tum over. We have been able ty promote. frDm within our staff. tho se who could t*.e on the aditsonal reTonsibility of leaainz the sep&ats uoups TAelrm-dry￿ kno'wkdge 0£ the menther h&% helped this tranmtson ty t*e place smoothty Though fin¥Lcially Covid has made an imp￿( our fma}￿S are sttll tr a good skte Also we have benefitrd fmm some a:traordmw gthero￿ty. for exazuple the payingoff of aloan for one of our vehicles and theprovision of theatre for the ￿ole both m&4e possible fmrA don*oas sheila Baker M&agng Direcknr HIGH FLYERS (SOUTH STAFFS) LIMJTED COMPANY LIMITED BY GUARANTEE FINANCIAL REVIEW The Statement of Financial Activitie8 Shows net incoming resources for the year of £93,370 leaving total funds carried forward at the end of the year of £502,183 SMALL COMPANY PROVISIONS This report has been prepared in accordance with the provisions applicable to Companies entitled to the small companies exemption. Registered Office: Pegasus House 17 Elder Grove Wombourne, Staffordshire. WV5 OEN Sig ed by.ordeF of the Trustees Mr E Baker Charity Secretary Date: HIGH FLYERS (SOIUTH STAFFS) LTD COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTivrriES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31ST OCTOBER 2tr22 TOTAL FUNDS TOTAL FUNDS £'s INCOMING RESOURCES Incoming resources trorn charitable acttvitie5 765,420 642,700 TOTAL INCOMING RESOURCES 765,420 642,71XI RESOURCES EXPENDED Charttable activities (672,050) (627,071) TOTAL RESOURCES EXPENDED (671050) (627.071) NEf INCOMING RESOURCES FOR THE YEAR 9&370 15,629 RECONCILIATION OF FUNDS Total Funds brought forward 408,813 393,184 TOTAL FUNDS CARRIED FORWARD S￿2.183 408.813 The statement of Financial Activrties includ&s all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All th8 above amounts relate to continuing activrties. H5GH FLYERS ISOUTH STAFFS) LTD COMPANY LIMITED BY GUARANTEE BALANCE SHEEr YEAR ENDED 31ST OCTOBER 2022 FIXED ASSETS Tangible Assets 2022 2021 336,400 325,200 CURRENT ASSETS Debtors Cash at Bank and in hand 74,307 253,385 62,396 199,218 327,692 281,614 CREDrroRS: Amount falllng due within one year (13,376) (14,645) NEf CURRENT ASSErs 314,316 246,969 TOTAL ASSETS LESS CURRENT LIABILITIES 650,716 572,169 CREDrroRS: Amaunt falling due after more than one year. (148,533) (163.3561 NEf ASSETS 502,183 408,813 FUNDS 502.183 408.813 TOTAL FUNDS 502,183 408.813 For the year ende(131st October 2022 th• Chadty wa8 8nlitl•Y to exèmptlon Irom atsd￿ uTraèr sectlon 477 of the GompAn1è9 A£t 2006 relatlng to small companles. Thjstees, respJnslblMe5: The membars havé not requlred Ihe chaty to obtJn an audk of its aGGounts for the year in questi¢￿ in acwrdancè w￿h 88Ction 476., and Tre tryjstees acl(nowledge therr responses for complying with th8 requlrements of the Act with reSp￿t to accauntlng records and preparatlon of accounts. Thtte accounts have beon prepared in acGordanGe with th• provi8ion8 applicablo to companies subject to the small companles ro9lmè and w￿h thÉ flnanclal reporNng stand* for 8maller entrti8818ffectlV8 April 20081. Th&88 financial st8tements were approved by the board of dlrectors and authorised f r Issue on the. and are signed on thair b8half S. BAKER .. E. BAKER. HIGH FLYERS (SOUTH STAFFS) LTD COMPANY LIMITED BY GUARAKfEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST OCTOBER 2022 ACCOUNTING POLICIES .. Basis of accounting: The financial statements have been prepared under the historical cost convention and in accordance wrth the financial reporting standard for smaller Entities {effective April 2008), and the requirements of the Statement of recommended practice Accounting & Reporting by Charitles issued in March 2005 (SORP 2005). FIXED ASSSErs: All fixed assets are initially recorded at cost. Depreciation: Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value. over the useful economic lrfe of thal asset as follows". Motor Vehicle - 20% per annum Straight line 2. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Unrestricted Funds Total Funds 2022 £'s 721,487 43.933 Totsl Funds 2021 Fees Donations/Fund Raising 721 .487 43.933 623,730 18,970 3. COST OF CHARrrABLE ACTIVITIES BY FUND TYPE Unrestricted Fund8 £'s Totsi Fund8 2022 £b Total Funds 2021 Social Work Activitie8 672.050 672,050 627,071 4. COST OF CHARrrABLE ACTIVITIES BY ACTIVITY TYPÉ Unrestricted Fund8 £'s 672.050 Totsl Funds Totsl Funds 2021 Social Work Activiti&9 672.050 627,071 ## **HIGH FLYERS (SOUTH STAFFS) LIMITED COMPANY LIMITED BY GUARANTEE** ## **NOTES TO TH FINANCIAL STATEMENTS. YEAR ENDED 31ST OCTOBER 2022** ## **5. NET INCOMING RESOURCES FOR THE YEAR** |**This is stated after charging:**|**2022**|**2021**| |---|---|---| ||£|£| |**Depreciation**|12,800|14,400| |**6. STAFF COSTS AND EMOLUMENTS**||| |Total staf costs were as follows:||| ||£|£| |Wages & Salaries|456,860|405,560| |Social security costs|83,976|82,347| ||**________**|**__________**| ||**540,836**|**487,907**| ||**========**|**=========**| |**Particulars of employees:**||| |The average number of employees during the year, calculated on the basis of full time equivalents,||| |was as follows:||| ||2022|2021| |Number of administrative staf|35|34| |No employee received remuneration of more than £60,000 during the year.||| |**7. TANGIBLE FIXED ASSETS**|||| |---|---|---|---| ||**Land & Buildings **|**Motor Vehicle**
|**Total**| ||**£**|**£**
|**£**| |**COST b/fwd**|**300,000**|**62,584**
|**362,548**| |**Disposals**|**-**
|**24,000**|**24,000**| |**-**|||| ||**_______________**
|**______________**
|**_________**| |**At 31st October 2022**
|**300,000**
|**86,584**
|**386,584**| ||**=============**|**============**|**========**| |**DEPRECIATION B/Fwd**||**37,384**|**37,384**| |**Disposals**||**-**|
**-**| |**Charge for the year**||**12,800**|**12,800**| |||**_____________**
|**___________**| |**At 31st October 2022**||**50,184**
|**50,184**| |||**============**|**==========**| ## **NET BOOK VALUE** At 31st October 2022 £336,400 At 31st October 2021 £325,200 -10- HIGH FLYERS ISOUTH STAFFS) LTD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST OCTOBER 2022 8. DEBTORS Trade debtors 74B07 62,396 74,307 62,396 9. CREDITORS: Amounts falllng due wlthln one year £'s PAYWWAGES Accruals 9,447 3,929 12,845 13.376 14,645 10. CREDITORS: Amounts falllng due after more than one year Mortg8g6 Loan 148.533 161,1 148,533 163,156 11. UNRESTRICTED INCOME FUNDS Balance at 1st November 2021 £'s 408,818 Income Resources. Balanco 31 st October 2022 93,370 502,183 12. ANALYSIS OF NET ASSEfs BEfwEEN FUNDS Tangible Fixed Assets Net Current Assets Total £5 650,716 Unrnstricted Funds 336,400 314,316 13. COMPANY LIMITED BY GUARANTEE The company18 re918tered 88 a prlvate company Ilmlted by guarantee and not having a share capital and accordingly the liability of the members is limited. Every member undertakes to Gontribute to the assets of the company in the event of it being wound up such amount as may be roqulred not exce6dlng one pound. -11- ## **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 2022** I report on the accounts of the charity for the year ended 31st October 2022 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) LIMrrED COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPOATTO THE TRUSTEES OF HIGH FLYERS (SOUTH STAFFS) LIMITED. (Continued ....... YEAR ENDED 31ST OCTOBER 2022 INDEPENDENT EXAMINERS STATEMEKr In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe thal in any material respect the requirements: To keep accounting record5 in accordance wtth section 386 of the Companies Act 2CQ6 and To prepare accounts which accord wrth the accounting records, comply with the accounting requirements of section 396 of thecompanies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting Charities. have not been met., or (2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts reached. Alan J. Taylor 38 Wadlow Drive Shifnal Shropshire. TF119QF. J. Tayl Date: 4313 IJca3