## **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2022** ## **THE SKYE HIGH FOUNDATION LTD** **REGISTERED CHARITY No. 1190970 REGISTERED COMPANY No: 12112822** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS 1 **THE SKYE HIGH FOUNDATION LTD (A COMPANY LIMITED BY GUARANTEE)** ||**CONTENTS**| |---|---| |Page 3|Legal and Administrative Information| |Page 4 to 6|Report of the Directors'| |Page 7|Statement of Financial Activities| |Page 8|Balance Sheet| |Pages 9 to 14|Notes to the Financial Statements| |Page 15|Independent Examiner's Report| 2 ## **THE SKYE HIGH FOUNDATION LTD** **(A COMPANY LIMITED BY GUARANTEE)** ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **CHARITY NUMBER** **CHARITY NUMBER** 1190970 **COMPANY REGISTRATION NUMBER** 12112822 **DATE OF INCORPORATION** 19th July 2019 **START OF FINANCIAL YEAR** 1st August 2021 **END OF FINANCIAL YEAR** 31st July 2022 **DIRECTORS AT 31ST JULY 2022** Emily Cann Lewis Cann Emily Lewis Heather O'Sullivan Jonathan Bath (Appointed 5th July 2022) Katie Crossley (Resigned 4th July 2022) ## **GOVERNING DOCUMENT** Memorandum and Articles of Association Incorporated 19th July 2019. ## **OBJECTS** The Charity objects are the relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage, particularly, but not exclusively, parents who are bereaved due to multiple birth child loss, by the provision of butterfly memory packs, grants, education on bereavement, advice and signposting, raising awareness on multiple birth child loss. ## **CORRESPONDENT ADDRESS** ## **PRIMARY BANKERS** 35 Percy Street London W1T 2DQ Cash Plus Bank 6th Floor One London Wall London EC2Y 5EB ## **INDEPENDENT EXAMINERS** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS 3 ## **THE SKYE HIGH FOUNDATION LTD** **(A COMPANY LIMITED BY GUARANTEE)** ## **REPORT OF THE DIRECTORS' FOR THE YEAR ENDED 31ST JULY 2022** ## **Overview** This year has been an incredible year for the charity, the best so far. The main focus this year was to continue to get our butterfly packs into as many hospitals as possible and to build the knowledge of the charity. For this year our trustees remained the same for the majority of the year, Emily Cann, Lewis Cann, Emily Lewis, Katie Sweeney and Heather O’Sullivan. On the 4th July 2021 Katie Sweeney resigned as a trustee and Jonathan Bath took her place. We meet virtually once a quarter to review the progress of the charity and to discuss the plans for the rest of the year. We discuss fundraising ideas, costs of packs and other general charity updates. ## **Fundraising** As our charity has very small overheads, we are fortunate that the large majority of our expenditure goes to creating and posting out our butterfly packs. Fundraising is vital to allow this to continue. We hosted a few events in 2021 and 2022. - Two charity abseil days, raising almost £14,000. - We had 5 places in the London Landmarks Half Marathon in April 2022. This raised over £4000 ## **Donations and Legacies** We also expected to raise some funds from donations from families who have received our packs although this makes up a very small amount of the expected income. During this time frame we had funds raised by Davey-Leigh Wookey in memory of Tommy. They raised £75. Lesley O’Sullivan raised £325 from her Christmas Lychett Lights in memory of Harry O’Sullivan. We also received small donations directly from families. ## **Overview of planned fundraising and events** The charity abseil days were fantastic events with almost 27 participants. This took place at the Spinnaker Tower in Portsmouth, all of the people involved did a fantastic job to help us fundraise and an even better job braving 100 meter abseil! This was a relatively easy event to organise and a really fun day for all involved. The total funds raised came to £13,132.52! The London Landmarks Half Marathon is an event run by Tommy’s charity. This was our first year taking part and had 5 places. We advertised our places and had some incredible people apply. The half marathon took place on the 3rd April 2023 and the total raised from this event was £4,123.50! We also received small donations from Amazon Smile and Easy fundraising. ## **Project updates** The biggest project of 2021-2022 was our Neonatal Project. Our aim was to get our butterfly packs into every neonatal unit within the UK. We had received funding from Inspiration Health to carry out this project along with funds we had raised from our events. As this was the first time we had done a large scale project, the planning took a long time. We managed to find a contact, who emailed every unit within the UK to first time out whether the packs were of interest. From every unit that responded, they all confirmed they would like to receive a box. 100% of the units were interested in our project which was fantastic news. In total we planned to send out our boxes to 170 neonatal units. We then decided we needed to update our resources and all of the documents. Throughout 2021-2022 we spent months planning the project. Researching items for our butterfly packs to ensure they were suitable to send out, good quality and from well known suppliers. Once all of our resources and documents were redesigned, we sent out an order. There were almost 90,000 cot cards! From carrying out this project, we learnt a huge amount and are most certainly looking to do this again. The neonatal project finally took place just outside of this accounting year, although all of the work to get it to happen, took place in 2021-2022. Last year we had been working hard on the Future Learn project, to get the course live. The course has been running well and to date had doctors, nurses, midwives and lots of medical professionals from all around the world take the course. This is a huge achievement and helps the purple butterfly reach more families. We wanted to focus on growing the charity by ensuring our social medias were up to date and frequently posting. We worked hard on the content we were sharing and this in turn drastically changed the amount of families we reached. 4 ## **THE SKYE HIGH FOUNDATION LTD** **(A COMPANY LIMITED BY GUARANTEE)** ## **REPORT OF THE DIRECTORS' (Continued) FOR THE YEAR ENDED 31ST JULY 2022** ## **Plans for 2022-2023** We have a lot planned for next year and are working hard to hit each target that we set. Some targets are small and some are huge, we will meet quarterly to review the progress and plan out the following quarter. - Complete the neonatal project and have our packs in every neonatal unit in the UK. - Begin to plan and potentially carry out the maternity project, to get our packs into every maternity unit in the UK. - Grow our social media accounts, with a target of 1000 followers on Instagram and 10,000 on Facebook. We are also planning to grow our presence on Linkedin. - Redesign our website, to make it user friendly and to include more information for families. - Have all of our documents translated into as many languages as possible. - To work closer with other charities so we are able to recommend families on for further support post neonatal. - Carry out two training sessions or talks within either neonatal, maternity or bereavement workshops to help raise awareness of the butterfly. - Roll out and start the butterfly funds. We plan to allow families the chance to set up a butterfly fund in memory of their baby and to have them involved in how the money is spent. - Grow our resources, i.e. have more content available for families and medical professionals. ## **Final Summary** Each year we look back on the achievements and work that the charity has carried out. Each year we are so proud of what we do. The amount of families we have helped not only in the UK but across the world is phenomenal and each year we go from strength to strength. Leading into 2022-2023 we are very excited about the plans we have for the charity. The work the trustees do to help spread knowledge, kindness and support will continue and we hope that eventually the purple butterfly will be symbol known worldwide. 5 THE SKYE HIGH FOUNDATION LTD COIIPANY UMITED 8YGUAwI￿> REPORT OF THE DIRECTORS, IConllnu•dl FOR THE YEAR ENDED 31ST JULY 2022 Stat•m•nt of Dh¢tor•' ll•ip0n￿ts1lIll9&. Th6 Chthl88 kn aThJ ￿ Cornpan￿5 require the Board of TrLtst005 to pr￿re firw¢wl st•tÉrnfi¢s for exh fi￿ar￿[al ye whl¢h ghe • tDJe and f8w viw4 cllh8 stat8 daff￿r5 01th8 chanty as at th8 end ofth8 fThncial year wd olthe swplus or deficit olth• chartty. In p￿paring tho*èfflrrdnci*l siatamonts thè Board to:. bl yepare tho fin?￿￿1 ￿atern￿ ￿$thO￿l￿a 17•th unh¥J h)•pwwl•i•lo mm• fvtth• thèrFty *4Jl continue ln buslne dl Jbltttto m&tsrfBI d8pqrlur•¥ ¢JKknB•d •xpknnfyJ in Tho Diroclor¥ we ￿50 re¥pwdble for ￿￿1•'ni￿a *knrLh*tè racorda d18c￿e wfth rtr&sonatAe atturacy at any Ilrne the fin8ncW po¥kn ofthe cw •r* wffi¢48nt lo slM)w •r#J •W•ln th• ¢h•rlW• tr•Nu¢llMi •n#bK* thgm lo ensure thbt the finarKlal stst•rnents comFty wilh ￿ Ckn to cunpar*81 wt48ct to th• Small ¢omwki$ r•glme. l •pFYow the attac*ed Itknnl th••t lor tho yow wd•d 31it J* 2022 and Conffi￿ thllt I h•w m•d8 •ll Inlomth Thx••8wy Apwo¥*d byth8 tlreclorn thi thè... nod on thdr beh￿rbY LYr*ity... Prfnt•d Nam•'. erniLV Cftfv) ## **THE SKYE HIGH FOUNDATION LTD** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST JULY 2022** ## **(Incorporating Income & Expenditure Account)** |**Notes**
**INCOMING RESOURCES**
**Income Resources from Generated Funds**
Donations & Legacies
**3a**
Investment Income
**3b**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Cost of Generating Funds**
Cost of Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL RESOURCES USED**
**NET INCOMING/(OUTGOING) RESOURCES**
Balance Brought Forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**202122**
**2020/21**
£
£
£
£
£
28,063
-
-
28,063
5,014
-
-
-
-
-
**28,063**
**-**
**-**
**28,063**
**5,014**
2,606
-
-
2,606
14,292
2,342
-
-
2,342
613
**4,948**
**-**
**-**
**4,948**
**14,905**
**23,115**
**-**
**-**
**23,115**
**(9,891)**
8,485
-
9,600
18,085
27,976
**31,600**
**-**
**9,600**
**41,200**
**18,085**| |---|---| Movements on all reserves and all recognised gains and losses are shown above. All of the charity's operations are classed as continuing. The notes on pages 9 to 14 form part of these financial statements. 7 THE SKYE HIGH FOUNDATION LTD (A COMPA•IY LIMITED 8YGUARANTEEI BALANCE SHEET ASAT 31STJULY 2022 F￿dI Fund$ SI￿￿￿22 T•gibkn Asi•ii Curr•rfA•s•t• Debtors & Pr•paynwnts C•oh at Bank arwj in H*d Totsl Curr•fitAwts 463 31037 9,6QO 41.437 18,68S Cr•drtor¥: arrount5 falHr* oryj y• 7fr) 700 NET CURRENT ASSETS 31.fy)0 41,200 18,085 TOTAL ASSET8 current 51.000 41300 18,085 Cr•d￿Or*.' •rnuTh￿ i￿li1¥j d￿1ft fftJr• oft• 10 NET ASSETS 31.100 18,065 of th• ch•1￿ l>wor•l Fund$ Deslgn•t8d Fund* R•i¢d¢t•d Fundi 31.800 31Atr) 9,eoo 9.600 Tot41 Fund• 31.000 41,200 18.085 rMr•ctor•' R••pon8lbllhlM: Th8 Thré¢tor• •ia a•l$fl¢d th•1 frYih• y••r 31•t 2022 th• ¢h•rll*lty •nlltba to exeMpt￿n from the quir•monl io ¢bt&n •n wdit und•r 477 of th• 2￿ aTrJ th•1 Tr) m•mbw or Mom￿r8 haw requlr•J the ¢omp4ny to obt•'n an audrt of it¥ lor Ih• ymr in qUeStK￿ kn fKcordm YAth 8eCtlon 476 01 tha ACL Fkn4*wr, In cordance wllh wc¢ion 145 01 tho Ch•rll1ts Act 2011, th• •¢wJnts hm boon 0x￿￿•j ty an Ey4n￿nIr whole report appearnon p48 15. counOrvJ rwdl •nd lh• pr•p¥thn The *GountJ have yep4red in ￿G0rthnGe wilh the P•rt 15 rf Ihe Comp￿leS kt 20(* aPW￿l0 to ¢¢rnpOnl￿ ¥ubje¢* to the ¥m•ll regiw Ind ￿ JCCWd￿ wilh th• R•ptytirfj StaThJard appl￿￿￿16 In th VK and R•public of Irfjl￿d (FRS1021. with wtion 386 01 A¢t •ntl k)r wep8ring S1*on￿ wh￿h trwj #nd f•ir ol tho state of affairB ol Ihe ¢ompony Is Ittts ond ofthe fin￿¢￿1 yew8rKI rf its yc**a) Donations & Legacies**
Gifts & Donations
**b) Investment Income**
Interest
**4. RESOURCES EXPENDED**
**a) Costs of Charitable Activities**
Advertising & Publicity
Bank Charges
Equipment Costs
Fundraising Costs
Office Costs
Studio Course Creation
Sundry Expenses
Telephone Costs
**b) Governance Costs**
Independent Examiners Fee
**9**
Legal & Professional Fees|Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2021/22**
**2020/21**
£
£
£
£
£
28,063
-
-
28,063
5,014
**28,063**
**-**
**-**
**28,063**
**5,014**
-
-
-
-
-
**-**
**-**
**-**
**-**
**-**
Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2021/22**
**2020/21**
£
£
£
£
£
1,056
-
-
1,056
-
-
-
-
-
66
677
-
-
677
667
-
-
-
-
2,409
567
-
-
567
208
-
-
-
-
10,800
138
-
-
138
57
169
-
-
169
84
**2,606**
**-**
**-**
**2,606**
**14,292**
700
-
-
700
600
1,642
-
-
1,642
13
**2,342**
**-**
**-**
**2,342**
**613**| |---|---| 11 ## **THE SKYE HIGH FOUNDATION LTD** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST JULY 2022** ## **5. RESTRICTED FUNDS** ## **CURRENT FINANCIAL YEAR** |The Neonatal Project
**PREVIOUS FINANCIAL YEAR**
The Neonatal Project|**Balance**
**Total**
**01-Aug-21**
Income
Expenditure
Transfers
**31-Jul-22**
£
£
£
£
£
9,600
-
-
-
9,600
**9,600**
**-**
**-**
**-**
**9,600**
**Balance**
**Total**
**01-Aug-20**
Income
Expenditure
Transfers
**31-Jul-21**
£
£
£
£
£
20,400
-
10,800
-
9,600
**20,400**
**-**
**10,800**
**-**
**9,600**| |---|---| The restricted funds held are wholly represented by the CIO's cash reserves and are to be expended as specified above. ## **6. DESIGNATED FUNDS** The Charity held no designated fund during this or the previous financial year. 12 ## **THE SKYE HIGH FOUNDATION LTD** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST JULY 2022** ## **7. DEBTORS AND PREPAYMENTS** |Sundry Debtors
**8. CASH AT BANK AND IN HAND**
Cash at Bank and in Hand
**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Independent Examiners Fee|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Jul-22**
**31-Jul-21**
£
£
**£**
**£**
463
-
463
-
**463**
**-**
**463**
**-**
Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Jul-22**
**31-Jul-21**
£
£
**£**
**£**
31,837
9,600
41,437
18,685
**31,837**
**9,600**
**41,437**
**18,685**
Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Jul-22**
**31-Jul-21**
£
£
**£**
**£**
700
-
700
600
**700**
**-**
**700**
**600**| |---|---| ## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** The Charity held no long term liabilities during this or the previous financial year. ## **11. NET ASSETS BETWEEN FUNDS** |Fixed Asset Investments
Net Current Assets
Long Term Liabilities|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Jul-22**
**31-Jul-21**
£
£
£
£
-
-
-
-
31,600
9,600
41,200
18,085
-
-
-
-
**31,600**
**9,600**
**41,200**
**18,085**| |---|---| 13 ## **THE SKYE HIGH FOUNDATION LTD** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST JULY 2022** ## **12. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESERVES** The Company is Limited by Guarantee and is a Charity registered with the Charity Commission number 1190970 and is not, therefore, subject to Corporation Tax and does not have a Share capital. |Profit / Deficit for the financial year
Other Recognised Gains
Balances Brought Forward
Closing Funds at 31st July 2022|**Total**
**2021/22**
**£**
23,115
-
**23,115**
18,085
**41,200**|**Total**
**2020/21**
**£**
(9,891)
-
**(9,891)**
27,976
**18,085**| |---|---|---| ## **13. STAFF COSTS AND NUMBERS** The Charity employed no members of staff during this financial year (2020/21:None). ## **14. PAYMENTS TO DIRECTORS AND RELATED PARTIES** No payments were made to Directors or any persons connected with them during this financial year. No material transaction took place between the charity and a Director or any person connected with them (2020/21:None). ## **15. RISK ASSESSMENT** The Directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. ## **16. RESERVES POLICY** The Directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The directors will endeavour not to set aside funds unnecessarily. ## **17. PUBLIC BENEFIT** The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. 14 INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Aeport to the trurte*l rr￿be￿$ ofThe Skye High F¢)urwJalth Ltd on Ihc accourts fvr tho ywr cr￿[x1 31￿ July 2Q22 * (xrt on paoes 7 to 14. 11•8p•etfv• r•$pon$lblllllM ￿trUst•&* #NI •x*mlm The Charity's tru$teos Iwho are a150 thg dwKtor5 of the company lor the purF¢%86 01 company lawl are responsible lor the preparation ot the frn8n¢iai stsI￿ent& trustees are Sat*1￿ that the audrt reqUIrL￿ent ot Se£*on 144111 of the Lharities Act 2011 It￿ Act) does not appty, and that there is Th) requirement in the dcKutnent or Gonstitution of the Charity for th& tr.rtndiirtihg rtf th8 tnJgt88s hAVO tho1 thè finonoèl swement$ b¢+ to Indopon¢Sgnt examinaTlOn. Havlng sat15fied mysew that lh8 chami is not to awlit. iq ¥bJit4e tr iThjer¢Th￿ examinat￿t, it is MY reBpc¥79tbiliry to:. 81 pxaminè thè accounts und8rs&tK)n 145 ofth8 Art bi io follo%Y in Ili¥ yibyi by Ili¥ Cli¥iily CL¥iiriii¥wi uivJ¥t 14515IILJl uf IlTru A¢t.' and., el 10 8rwe wwher paniojiar maller5 CO￿10 rny attemKffl. Ba•li of Ind8p•nd•nt •xamln•rfi itat•mwt I conducted my txaminèlion in %*ith the Ctn•rnl DiraetionJ oivon by Ihe Chjrrty ¢ommiJakrynèrJ lor Eng18nd & WalR# in r#￿40￿ to thè candl￿11r0 of an indwdent examinatin. reFwr•l lo atrThe. independent examination indudes r&￿eW ol the accounung reccrts KW Dy ine cTharny ano of Tne ar£ounung SySTems enwioyeo Dy Tne cnarny 8no a ompariwjn Df tho finanGh71 Glotomonts pfcGOThtod with thoGo rowrdo It ¢onoid¢rotion of uny unuouol iterng or di8clo8ures in the f￿ar￿431 Sta18ff￿nts. and 68ekiThJ 9xG&nal￿5 frrffi Y￿ as trusw c￿Corn1r0 such matt8r& Tho purpose ol III¥ ¥Adllli1141ivii i¥ iu ¥¥LdlJli>li dè fdt d¥ wktiiLj￿t I1￿1 IlY•¥ t￿¥¥ Ikyti I￿) l¥t￿LI1￿& vl iti¥ CIYdilll¥b l¥yibloI￿14 al￿ Iliol Ili¥ fin*n¢i*l stat•m•nts Com￿Y with th• SORP, ¢)fi a t•Èt 01 wdgn¢g rolwant to thg arn¢unts and diBelcBuf96 in th• finaneial 8totemen I he wttedure5 undertakan (kn ￿ pftr4Mae all the ￿dence iw *vJld be wuired In an a￿yrt . and Intormation supp118d by the truste•s In the course of the exorninat￿ is sutrythd to 8LhJit i•*s or w￿ul￿S, and con5e9uenlty I do •xwoss an audit npininn nn Ihft vlrvw clvAn hy thh fin*￿i*l *tAlI)mAnlX. #t)d in ￿rt￿All￿r. l #xprA*A M Wfii¢)n AX tr) wh#th*r thA finAnr.IAI STa[emen￿ g￿e a irue ana taty wew of alrairs cnanry. my LS Iimttw) TO me rnaTters s¢1 OUT In the STaiemenT I plenned performod rny $0 89 to 8ati8fy rnY￿ that obiadwea ol Iha indopendont eM8mlnatioft aro Aehihvad and finalising thè rw I ntrrt8in vffittÉn xMurnnrA4 freAn ihÈ trI￿é•1 ()f All mAtorial mAttorn. Ind•p•nd•At •*•mlrt•e• •t•t•nsw In tho COUTao ol my cxDrnInllt￿n. rbo mottor hoa como to rny ottontiDn: whir.h oiv8s rrkP r*d￿nat)￿ CAU*> Ir) Ihxt in. any mHt8riAI rèswt. t￿￿8￿* rèquir8n￿7ts.. . to keep aGccuntsng reGcKds in W•ith sectV￿ ￿ ol the Ccryanies Ac¢ 200G', and . to prepare arcDiinls whr.h ar.rThd with thp arrxJiJThting rAcxJr(l%. ¢Y)th with tho Arr￿Unti￿j rffjuirpmpntq af $pCt￿n.798 c)f the Companles ACI 2006 anu wftn ms anu prfnup*s of S￿l￿rI* of re¢omMW*￿ PractlEg." AccDUntlng and Roportry ty Choritr¢ hayv not trffjen rnet". or tn whr.h in ry rymnim allAnlinn thiikl in nrrlpr tn I￿AnT¢tand￿ nf thA armirtg tn hA rpaGhed. Cdl•ku MAAT Castle View Accountino Ltd N¥w Barii Mudb•ry Lang 6osMarn Chichester W8St Sus5èX P018 BTS tra￿.. 27111 Wil 2023 15