HIGH FLYERS (SOUTH STAFFS) LIMITED COMPANY LIMITED BY GUARANTEE
TRUSTEES ANNUAL REPORT
YEAR ENDED 31ST OCTOBER 2024
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 2024.
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 Mr C Baker Mrs S Jones Mrs C Davies Mrs R Phillips Mrs V Taylor Mr I Watton Mr E Baker Mrs D Weaver Mrs K Watton
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 purposes 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 manner as they consider most beneficial for achieving its objects.
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igh Flyers F4y•kN4 1151)518 fr12 PJllX 077 27SLY nutnb¢rJ15.05l 8 Cvv¢Tin% l 4 Nov 2023_ 3 1st (K.12024 ur work at I ligh F l>'ers c(pntinue.s to rnfolvc &$ w'c cndca%'or to mcci thc Kromqng. Dccds ()I"our rn¢mbrrs". Thv>¢ lh jvintyj us voung &lulL8 when I liJn F l>'e firt Wan are now ph)ryicall)" maturc adults and sadlv somc arL' CxwicoLg ihc ditriLullie5 (hul n¢un tiyicaLs Can facr laicr in lrfc. So this ). w'c hal'c dLI'Llvpcd a srnall gr(TrUP li) 5uii thc ii)dividuals. Ihe .qroup is less phlsicall!. actiNc and quictu than our main Efoup5. By iJfkin¥ al u yk)'rr pLe. in ll %Thull u)ntn>llul envin)nn)enL seek provide a safe haFWV pla¢¢ l()r tsKJS¢ V•ho find the w'()rld increasinnlv challen8iri& We hai¢ also inlA)duced an liti()l holidav e&h )t2r that fOCeS on thosc pb}'SlLal ncLils. In p'1Vu5 )'¢atS w'¢ hav¢ ts)k'¢n members. [(} holida). sitLs that alsa pro%'idcd acccs5 for thc phvsicallv disablcd. bui bavc Iwi diwy)inial iv find th their incIS1on w&s little more than a paper rxercise and oftcn tbc safcty of swh seemed [() be compromise4L this Trear haN'e organI7d tw'o scparalc holidais. Onc '&% an ill, hc)liila ai ihc Piclncer ctnitt in the midlan(ts and the atlw a fullv adaptcd hotcl in Black01 thosc iiith ph}'sical di&knilitlCS LY)uld uscd as u basL" lor thcir xtiviiics. Wc arc plcased to saTr that thcsc V•ur a grcal 5UC£CS5 and cnjoTrTd b}i th'eryone r4n. Il'hen thtse holidays rdn 111 had our site open for those mfflib¢Js' ihyi d4)n'l like l(> w on h()lId) and #rran¥dl )ffit S¢181 1111 t.or them. During this pcri4xI wc atso have dcvelopcd links with 5cnor citiz£DS in a local rcsidcntial IM)me. Member% hat beefi mJe verv 'e1C4)Me &% have sung to the residenL% and u¥bi X)mc MuL¥iou signs. Anoth¥T bigb ligbi thiy ) cur was th¢ fxl thai V•r w iniiicd io scnd of our McmbS to 8wiich on thc local christ ucc lights. Thc memkT% ii.ere thrilled and aneiKled a pari%h council mectiiiq later in the Trear to .tharc their li is gcmxl lh vur memlm" ure u val1 F>llrt of cxw l(Kal a)mmunily. Along other provlders, are cOemed ryth the swe of of 9xial carc and how th¢ nee(ts ol"thi¥ JeLliir wnlinue io be ignvnyL Prn)viders are con.sidering l(>lding thL'ir compani¢s t¢cau5c ol" fal] pr¢55ufv>. bui thankJull} w'¢ ¥Te slill hulding. Sheija Baker High FlverJ
HIGH FLYERS ouT sfAFFS) LIMITED COMPAKY UMITED BY GUARANTEE FINANCIAL REVIEW The Statement ol Fcial Activitles shows net IronIng resources lor the year of £94.369 leaving totsl furKl8 carrled forward at WKI of the year of £612,977 SMALL COMPANY PFIOVISIONS This report has been prepared in acconjance with the pffjvisions applicable to Corrpanies titled to the snall CJ{xnp exemption. Registered Office: Pegasus House 17 Elder Grove Worrt)oume. staffordshire. VS OEN Slgned byfv of the Trustees Mr E Baker Date: Ifd fe4rua
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HIGH FLYERS (SOIUTH STAFFS) LTD COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
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|---|---|---|---|---|
|YEAR ENDED 31ST OCTOBER 2024|TOTAL FUNDS|TOTAL FUNDS|
|2024|2023|
|£’s|£’s|
|INCOMING|RESOURCES|
|Incoming resources from charitable activities|996,033|851,130|
|Bank|Interest|2,488|-|
|TOTAL INCOMING RESOURCES|998,521|851,130|
|RESOURCES|EXPENDED|
|Charitable|activities|(904,152)|(834,705)|
|TOTAL RESOURCES EXPENDED|(904,152)|(834,705)|
|NET INCOMING RESOURCES FOR THE YEAR|94,369|16,425|
|RECONCILIATION|OF FUNDS|
|Total|Funds|brought forward|518,608|502,183|
|TOTAL FUNDS CARRIED FORWARD|612,977|518,608|
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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.
.
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CC
|
| HIGH FLYERS (SOUTH STAFFS) LTD | ||
|---|---|---|
| COMPANY LIMITED BY GUARANTEE | ||
| BALANCESHEET | ||
| YEARENDED31STOCTOBER2024 FIXEDASSETS Tangible Assets |
4 on 310,000 |
2023 om 323,200 |
| CURRENTASSETS ebtors Cash atBankand in hand |
94,066 34 355,6 |
78,734 269, |
| “449,700 | 345,913 | |
| CREDITORS:Amount fallingduewithinoneyear | (25,091) | (15,136) |
| NETCURRENTASSETS | 424,609 | 777 330, |
| TOTALASSETSLESSCURRENT LIABILITIES | 734,609 | 653,977 |
| CREDITORS: Amount falling due aftermorethan one year. | (121,632) | (135,369) |
| NETASSETS | 612,977 | 518,608 |
| FUNDS | 612,977 | 518,608 |
| TOTALFUNDS | 612,977 | 518,608 |
For the year ended 31st October 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Trustees’ responsiblities:
: The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
: The trustees acknowledge their responses for complying with the requirements of the Act with respect to accounting records and preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and with the financial reporting standard for smaller entities (effective April 2008).
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Thesewl,financialWika.....statementsand are signedwere approved on their behalfby the board of directors and| authorised for issue on the.
S. BAKER ....44. 0000... E. BAKER seb nomen
a
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HIGH FLYERS (SOUTH STAFFS) LTD COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST OCTOBER 2024
- ACCOUNTINGThe financial statementsPOLICIEShave: Basis beenofpreparedaccounting:under the historical— cost convention. and in accordance with the financial reporting standard for smaller mle 4 (effective April 2008), and the requirements of the Statement of recommende 06 practice Accounting & Reporting by Charities issued in March 2005 (SORP 2005).
FIXED ASSSETS:
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 life of that asset as follows:
Motor Vehicle - 20% per annum straight line
2. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
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|---|---|---|---|---|
|Unrestricted|Total|Funds|Total|Funds|
|Funds|2024|2023|
|£’s|L’s|f’s|
|Fees|977,919|977,919|826,069|
|Donations/Fund|Raising|18,114|18,114|24,408|
|Bank|Interest|2,488|2,488|653|
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3. COST OF CHARITABLE ACTIVITIES BY FUND TYPE
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|---|---|---|---|---|
|Unrestricted|Total|Funds|Total|Funds|
|Funds|2024|2023|
|Social Work Activities|904,152|904,152|834,705|
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4. COST OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE
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|---|---|---|---|---|
|Unrestricted|Total|Funds|Total|Funds|
|Funds|2024|2023|
|.|re|
|Social|£'s|C's|f’s|
|Work Activities|904,152|904,152|834,705|
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HIGH FLYERS (SOUTH STAFFS) LIMITED COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS. YEAR ENDED 31ST OCTOBER 2024
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5. NET INCOMING RESOURCES FOR THE YEAR
This is stated after charging: 024
Depreciation 13,200 13,200
6. STAFF COSTS AND EMOLUMENTS
Total staff costs were as follows:
: :
Wages & Salaries 601,353 564,890
Social security costs 122,206 81,032
723,559 645,922
Particulars of employees:
The average number of employees during the year, calculated on the basis of full time equivalents,
was as follows:
2024 2023
Number of administrative staff 40 39
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 86,584 386,584
Additions - _ _
Disposals __ a
At 31st October 2024 300,000 86,584 386,584
DEPRECIATION B/Fwd 63,384 63,384
Disposals - .
Charge for the year 13,200 13,200
At 31st October 2023 76,584 76,584
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NET BOOK VALUE At 31st October 2024 At 31st October 2023
£310,000
£323,200
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HIGH FLYERS (SOUTH STAFFS) LTD COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST OCTOBER 2024
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8. DEBTORS 2024 ae
Traderade debtorsde’ 94,0667 16,734
94,066 76,734
9. CREDITORS: Amounts falling due within £’s £’s
one year
PAYE/WAGES 23,891 13,936
Accruals 1,200 1,200
25,091 15,136
10. CREDITORS: Amounts falling due after more
than one year
Mortgage 121,632 135,369
Loan -
121,632 135,369
11. UNRESTRICTED INCOME FUNDS
Balance at Income Balance
1st November 2023 Resources. 31st October 2024
£’s £’s £’s
518, 608 94,369 612,977
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible Net Current Total
Fixed Assets Assets
£’s £’s £’s
Unrestricted Funds 310,000 424,609 734,609
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13. COMPANY LIMITED BY GUARANTEE
The company is registered as a private company limited by guarantee and not having a share capital and accordingly the liability of the members is limited.
Every member undertakes to contribute to the assets of the company in the event of it being wound up such amount as may be required not exceeding one pound.
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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 2024
I report on the accounts of the charity for the year ended 31st October 2024 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
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.
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To follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5) (b) of 2011 Act and
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.
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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.
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HIGH FLYERS (soufH STAFFS) UMITED COMPANY UMrrED BY GUARAKfEE INDEPENDEKf EXAMINERS REPOITf TO THE TRUSTEES OF HIGH FLYERS (SOLrfH STAFFS) UMITED. (corrtin ....... YEAR ENDED 31ST OCTOBER aY24 INDEPENDEKf EXAMINERS sfATEMENr In connection with my exanmnam rn mattff has coTr to my attention: (1) which gives me rEaX10 cause to betieve th in any matorial • the requirenHrt¥. To keop accounting rwts In accordm with sectK>n 386 of the Cowies Act 2006 and To prepare ac(xxmts whi( corE1 wtth the aC>Unting recA>rds. comply with the accounting requirellts of section 396 of theconpwies Act 2006 and with the rneth(xls and princlples of the Statement of Recorrrnende(I Practic. Accourrting and Reporting Charit have not b8en rrntr. or To whlch. n my opinion. attenti Shk1 be drawn in order to enable a proper understandaig of the accounts reached. Alan J. Taylor 38 Wadlow tNe Shtfnal Shropshir& TF119QF. 6dfti- J. Taylor B.T De: