## **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024** ## **THE SKYE HIGH FOUNDATION LTD** **REGISTERED CHARITY No. 1190970 REGISTERED COMPANY No: 12112822** Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ ## **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** 1190970 **COMPANY REGISTRATION NUMBER** 12112822 **DATE OF INCORPORATION** 19th July 2019 **START OF FINANCIAL YEAR** 1st August 2023 **END OF FINANCIAL YEAR** 31st July 2024 **DIRECTORS AT 31ST JULY 2024** Emily Cann Lewis Cann Emily Lewis Heather O'Sullivan Jonathan Bath **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** 35 Percy Street London W1T 2DQ **PRIMARY BANKERS** Zempler Bank Ltd Cottons Centre Cottons Lane London SE1 2QG **INDEPENDENT EXAMINERS** Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ 3 ## **THE SKYE HIGH FOUNDATION LTD** **(A COMPANY LIMITED BY GUARANTEE)** ## **REPORT OF THE DIRECTORS' FOR THE YEAR ENDED 31ST JULY 2024** ## **Overview** This year has been another incredible year for the charity. Helping thousands of families across the UK. Completing our biggest project to date and holding some fantastic events to fundraise. Our board has remained the same, Emily Cann, Lewis Cann, Emily Lewis, Heather O’Sullivan and Jonathan Bath. 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 2023 and 2024. · London Landmarks, this was our third year taking part and it was our best yet! We had 25 runners and raised a phenomenal £19,746 including gift aid. The day is full of emotion, energy and is one of the best events of the year. · We had one runner in the London Marathon, who managed to secure a place in the Ballot, he managed to raise an amazing £940. · We hosted our first ever Skydive!! Raising £3355 through 8 jumpers, it was a fantastic day, with friends and families coming together to support! · Each year we have families across the country putting up Christmas Lights to raise money, this year we had two families take part, Jack raised an incredible £1080 with his fantastic display and John and Lesley put on a beautiful display in memory of Harry O’Sullivan raising £277. · Amy’s family took part in the Glasgow Kilt Walk, raising money for Amy’s butterfly fund, they raised £925 which funded our butterfly boxes to be sent to every Nicu in Scotland! · Firefly Golf Festival chose us as their charity of choice this year and held an incredible golf and music event in June, raising £651. · Our Trustee Jonathan Bath took part in Milton Keynes Marathon, raising an incredible £2525 whilst his close friend Nick took part in a 100m bike ride. · The launch of a new soft play in Weymouth, Nikki’s Soft Play, they chose us as their chosen charity for the year, through donations at the till they raised an amazing £250! ## **Donations and Legacies** **Butterfly Funds amounts, total amounts raised to date.** Amy’s Butterfly Fund - Scotland £1,175 Hunters Butterfly Fund - £2,525 Harry's Butterfly Fund - £1,985 Olivers Butterfly Fund - £3,798 Arlo’s Butterfly Fund £5,768 4 ## **THE SKYE HIGH FOUNDATION LTD** **(A COMPANY LIMITED BY GUARANTEE)** ## **REPORT OF THE DIRECTORS' (Continued) FOR THE YEAR ENDED 31ST JULY 2024** ## **Projects and Updates** **Website** - We decided to overhaul our website to make it more user friendly, professional and to include more resources for families and medical professionals. **America** - Although this is now set up as a completely separate charity, registered with a 501(c)3 in the United States, this was a huge step for the foundation allowing us to share our resources with more hospitals around the world. **Translations** - this year we decided to focus on getting all our documents translated into multiple languages, this is an ongoing project and is expected to be completed in the next financial year. **Office/Cabin** - The board of trustees discussed renting an office space but due to the main location being in London, this proved to be an expensive project and we decided we did not want to use the charities money on rent and bills. Instead we managed to get a log cabin built, allowing us to bulk buy our items at a much cheaper price, organise charity packing days which in turn allowed us to send out our resources a lot faster to families and hospitals that requested them. **Memory Boxes** - We swapped our purple organza bags for white memory boxes, which are more stable and long lasting, these cost the charity more but it means families are able to keep these forever and can keep their special items safe. In 2024-2025 we have plans to grow the charity even further and continue the amazing work we have been doing. We are still working on our Maternity project which is proving difficult to find the contact details for all the hospitals in the UK. We are pushing our fundraising efforts and will be focusing on smaller fundraising rather than just on the large events we previously have been doing. We are proud of how far the charity has come over the past few years and are looking forward to seeing the progress that is to come. 5 THE SKYE HIGH FOUNDATION LTD IACOMPANY LIMITED BY GUARANTEEI REPORT OF THE DIRECTORS. Icontlnuedl FOR THEYEAR ENDED 31STJULY 2024 Stat•rnent of Dlr#clor6' R4•poMlbilttv*¥: The Charities Acl and the Compantes Ael rewire the Board of Truslees lo prepare financial slalemenls for each finanuol yoar whi¢h givtr a irue and fair view ol the state of Affairs of Ihe chanty 8$ 81 the end of the financial ygar and of the surp1L￿ or defLit ol the charity. In prepafing Ir¥)se financ￿1 $taiom¢nts the Board Is require£l to:_ Se￿tI suiiablt accounting wAitiP5 atKI appty them con5i51ently". bl Make I￿gerneD15 and esiirnate$ th818re re8gonaNe and Pr￿N1., Prepare the financral s￿leman19 on Ih? gtytV4 corwn ba515 unless rf is Inapprow￿l8 to presume Ih8t Ihe tharity will Cont￿Ue in bU￿r￿. dl Sla18 whether applicab￿ acctyJ)IiThJ sl•dard$ and $￿teMents ol rt¢(mmend8d practice hav8 been lellowèd subject 10 any maler￿1 departUTes d15cbsed and eXp￿Ined In the finènclal $i81?meni¥. The OireGlor5 are a150 resporLsIb￿ for ma￿taIn1￿j adequats accouniiDg ieeords whth dl$Lb5e wilh rea50nabl? accuracy al any tim8 Ihe financial p0811ion ol the chanty and which ¥¢ suffK*nl Io Show aNJ e¥￿aln the cthhrily's Iransaclions 8iiab* Ihem lo ensure Ihal the financiwl slalemenls compty wth the COmpa￿e$ Aei 2C*J6 and Gcxhply with regulalbns made under Ihe Charil*s Acl. Thty ar• èlso rèsponsib￿ lor safeguarding the awls of the charty arKg hence for taking r•a&uhaY• #14p< lh* y•vOntlon and d•loGtM>n of fraud and Dlh•r trr•gui4rd4•5. The Directors are akn re5pon¥ible fry Ihe contents ol It* t*reetfn' rerK)rt. and the re$pcn9ibilty cl the independent eXarni￿r in rèialion 10 IhÈ DirÈcioFs' rtsF￿ is Imileo lo examiniry Ihe r8p(rt and on8uriw thot on lh¢ face ¢f Ile report, there 8re no irKons15tenues wnh the fvJure5 digCIOS8d ID fi￿rtI¥l $141wnents. These accoiinls h8ve been prepared in with the wowsicffis aPpI￿a￿e to compank$ S￿18¢1 Io Ihe sm411 companie5 regirne. l approve Ihe attxhed sl8tement of fThnoal ond balarto $hopl for the year ended 31gt Juty 2024 and Cl￿rIrM that I have made availab￿ all informalh)n r￿eSSary for ts Frfepaia1￿n. 11131z5 Approved by th'rectcfs on tho....................... Signed on Iheir beha# by Directtr....... Printed Name.. ## **THE SKYE HIGH FOUNDATION LTD** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST JULY 2024** ## **(Incorporating Income & Expenditure Account)** |**Notes**
**INCOMING RESOURCES**
**Income Resources from Generated Funds**
Donations & Legacies
**3a**
Investment Income
**3b**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Cost of Generating Funds**
Cost of Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL RESOURCES USED**
**NET INCOMING/(OUTGOING) RESOURCES**
Balance Brought Forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2023/24**
**2022/23**
£
£
£
£
£
36,521
-
-
36,521
19,591
-
-
-
-
-
**36,521**
**-**
**-**
**36,521**
**19,591**
32,890
-
-
32,890
41,613
2,229
-
-
2,229
1,180
**35,119**
**-**
**-**
**35,119**
**42,793**
**1,402**
**-**
**-**
**1,402**
**(23,202)**
17,998
-
-
17,998
41,200
**19,400**
**-**
**-**
**19,400**
**17,998**| |---|---| Movements on all reserves and all recognised gains and losses are shown above. All of the charity's operations are classed as continuing. The notes on pages 9 to 14 form part of these financial statements. 7 THE SKYE HIGH FOUNDATION LTD IA eoMPAPIY UMtTEDBY Gu￿ANTEE) BALANCE SHEET ASAT 31STJULY2024 Uwestr*xad Re$hLtsd Funds FJnds TOTAL JI￿v1-?4 TOTAL 31Jul-23 l*Jie• Flxod AAMtA Tangible Assets Currmt oblor5 8 PrCpaY￿eTrlS Cash al Bank and In Hond TotJl Curr•nt A5Mts 20.3fKI 20.3 ?0.3 20,300 18.778 Cr•dl*or•'. Amounts one 91M) 780 NET CURfiEPn ASSETS 19.400 19.4 17.99 TOTAL ASSETS ￿$5 wr8nt 19.100 19.400 17.998 Cl•￿￿￿. Lon9 Term ￿bilIt 10 Ef ASSETS 19.400 19.400 17,998 Fundiolth• Charlty General Fund¥ Degionai¢d Funds Res1￿Cled Funtls 19.41¥J 19,4 17,998 Tot•1 19,4ty) 19,400 17,998 Dlr•¢torn' R•sPDn51￿1thIOs.. The DIFer.lo'y ale Sdliified Ihat lor the yeer ended On 31* JLty 2024 ihe charrt•bl• Company *as enlitl•d to exèmption Irom Iho r¢qur¢ff*ni an audiE under 477 of Ihc Compar￿5 Aci 20￿ and that no membor or ve rèquired the eompany tr>obtain an av(*l ol rts acctyJThts for the yeaw In quesliLY. In aLcnidan¢¢ wth SEtlion 476 of Iho Act. HL¥we¥er. In accord*n¢• Y4ilh 4ycl4QXI 145 of tho Ch3rib05 Act 2011, fv aCC4WN$ N4v* be.en exarnined by 8n Ind¢per￿ent Ex8mlr•r wh)se iepDrt aN￿ar5 on paoe 15 The Dlwiors a¢knowknO9e their rewnsi￿￿lY for comp￿.￿ rtswitmenis of Ihe Comw*8 Aci 2006 respecl lo accounting reC￿S and thB prepa￿th Th* è¢r.UiJnl$ hav# been p￿paleo in a￿0(da￿ce wlh the p￿s￿n$ In Part 15 of the Companies Aci 2006 applirAblo to companies $ubiect to lThe 5mRII corrpBrwe5 r•9img accor¢JanGe wlh Ihp FinErLoI ReportFI9 sta￿thrd applic•trAe In UK aThl Repth11c ol Irdand IFRS1021. Tht Oiro¢iofS xKith¥ledge Ihew respon￿kn￿lY Iw that the ccmwny keep5 woper aCc￿￿tINj records which compty wilh seclK>n 386 of It* Acl ard for pmparfry I￿a￿￿al slalemenls give a IrJ¢ arQ I￿r of ihe stsie of ffiirs of Iho ¢rxnp3ny a5 al the eNJ ol 4hp financiil year 3rxJ ol rts ryofil b$8 fin3ncthl year in accordance *illi Ihe reguirernpnty of seclirx75 394 a￿1 395 and *hi¢h otherwi%e ctsryty the reqLHr•rn¢rf$ of Iha CompanE5 Act 2(X relatin9 to aCcrA￿ts, 50 far a% appii¢abltr 10 the company. 1313115 Approved by the Dwedors4)n thp.................... gned on their behawby Direclor....... Printed Name. Miuv cA￿j￿j ## **THE SKYE HIGH FOUNDATION LTD** **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of Preparation & Assessment of Going Concern** ## **Basis of Preparation** The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1st January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011. The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. ## **Assessment of Going Concern** Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern. ## **Incoming Resources** ## _**Recognition of Incoming Resources**_ These are included in the Statement of Financial Activities (SOFA) when: ▪ the charity becomes entitled to the resources; ▪ the trustees are virtually certain they will receive the resources; and ▪ the monetary value can be measured with sufficient reliability ## _**Incoming Resources with Related Expenditure**_ Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA. ## _**Grants and Donations**_ Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. ## _**Tax Reclaims on Donations and Gifts**_ Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. ## _**Contractual Income and Performance Related Grants**_ This is only included in the SOFA once the related goods or services has been delivered. ## _**Gifts in Kind**_ Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. ## _**Donated Services and Facilities**_ These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## _**Volunteer Help**_ The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report. ## _**Investment Income**_ This is included in the accounts when receivable. 9 ## **THE SKYE HIGH FOUNDATION LTD** **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST JULY 2024** ## **1. ACCOUNTING POLICIES (Continued)** ## **Expenditure and Liabilities** ## _**Liability Recognition**_ Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## _**Governance Costs**_ Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters. ## _**Grants with Performance Conditions**_ Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## _**Grants Payable without Performance Conditions**_ These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. ## _**Support Costs**_ Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, eg allocating property costs by floor areas, or per capital employed, staff costs by the time spent and other costs by their usage. ## _**Unrestricted Funds**_ These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities. ## _**Restricted Funds**_ These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of the regular appeals for special offerings. ## _**Designated Funds**_ These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects. ## _**Taxation**_ The charity is exempt from tax on its charitable activities. ## _**Legal Status of the Charity**_ The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. ## _**Fixed Tangible Assets**_ Tangible fixed assets for use by the charity, these are capitalised if they can be used for more than one year, and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt. ## _**Depreciation Expense**_ Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a reducing balance basis over their estimated useful lives. The rates applied per annum are as follows: Fixtures and Fittings 25% Reducing Balance Basis There has been no change to the accounting policies (valuation rules and methods of accounting) since last year. ## **2. TANGIBLE FIXED ASSETS** The Charity held no fixed asset during this or the previous financial period. The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st July 2024 : None 31st July 2023 : None 10 ## **THE SKYE HIGH FOUNDATION LTD** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST JULY 2024** ## **3. INCOMING RESOURCES** |**Notes**
**a) Donations & Legacies**
Gifts & Donations
**b) Investment Income**
Interest
**4. RESOURCES EXPENDED**
**a) Costs of Charitable Activities**
Activities & Events
Advertising & Publicity
Bank Charges
Butterfly Project
Cabin Costs
Equipment Costs
Insurance Costs
Neonatal Project
Office Costs
Postage & Courier Costs
Sundry Expenses
Travel & Subsistence
**b) Governance Costs**
Independent Examiners Fee
**9**
Legal & Professional Fees|Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2023/24**
**2022/23**
£
£
£
£
£
36,521
-
-
36,521
19,591
**36,521**
**-**
**-**
**36,521**
**19,591**
-
-
-
-
-
**-**
**-**
**-**
**-**
**-**
Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2023/24**
**2022/23**
£
£
£
£
£
7,209
-
-
7,209
4,760
2,170
-
-
2,170
894
2
-
-
2
2
4,071
-
-
4,071
20,117
3,626
-
-
3,626
-
237
-
-
237
321
268
-
-
268
519
9,562
-
-
9,562
10,049
201
-
-
201
314
4,713
-
-
4,713
4,627
402
-
-
402
10
430
-
-
430
-
**32,890**
**-**
**-**
**32,890**
**41,613**
900
-
-
900
780
1,329
-
-
1,329
400
**2,229**
**-**
**-**
**2,229**
**1,180**| |---|---| 11 ## **THE SKYE HIGH FOUNDATION LTD** ## **(A COMPANY LIMITED BY GUARANTEE)** **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST JULY 2024** ## **5. RESTRICTED FUNDS** ## **CURRENT FINANCIAL YEAR** |The Neonatal Project
**PREVIOUS FINANCIAL YEAR**
The Neonatal Project|**Balance**
**Balance**
**01-Aug-23**
Income
Expenditure
Transfers
**31-Jul-24**
£
£
£
£
£
-
-
-
-
-
**-**
**-**
**-**
**-**
**-**
**Balance**
**Balance**
**01-Aug-22**
Income
Expenditure
Transfers
**31-Jul-23**
£
£
£
£
£
9,600
-
9,600
-
-
**9,600**
**-**
**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 2024** ## **7. DEBTORS AND PREPAYMENTS** ||Unrestricted|Unrestricted|Restricted|**TOTAL**|**TOTAL**| |---|---|---|---|---|---| |||Fund|Fund|**31-Jul-24**|**31-Jul-23**| |||£|£|**£**|**£**| |Sundry Debtors||-||-|-
-| |||**-**||**-**|**-**
**-**| |**8. CASH AT BANK AND IN HAND**|||||| |Cash at Bank and in Hand|Unrestricted
Fund
£
20,300||Restricted
Fund
£|**TOTAL**
**TOTAL**
**31-Jul-24**
**31-Jul-23**
**£**
**£**
-
20,300
18,778|| |||**20,300**||**-**
**20,300**
**18,778**|| |**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||| |Independent Examiners Fee|Unrestricted
Fund
£
900||Restricted
Fund
£|**TOTAL**
**TOTAL**
**31-Jul-24**
**31-Jul-23**
**£**
**£**
-
900
780|| |||**900**||**-**
**900**
**780**|| ## **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-24**
**31-Jul-23**
£
£
£
£
-
-
-
-
19,400
-
19,400
17,998
-
-
-
-
**19,400**
**-**
**19,400**
**17,998**| |---|---| 13 ## **THE SKYE HIGH FOUNDATION LTD** ## **(A COMPANY LIMITED BY GUARANTEE)** **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST JULY 2024** ## **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 2024|**TOTAL**
**2023/24**
**£**
1,402
-
**1,402**
17,998
**19,400**|**TOTAL**
**2022/23**
**£**
(23,202)
-
**(23,202)**
41,200
**17,998**| |---|---|---| ## **13. STAFF COSTS AND NUMBERS** The Charity employed no members of staff during this financial year (2022/23: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 (2022/23: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** Report to the trustees/ members of The Skye High Foundation Ltd on the accounts for the year ended 31st July 2024 set out on pages 7 to 14. ## **Respective responsibilities of trustees and examiner** The Charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees are satisfied that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. As a consequence, the trustees have elected that the financial statements be subject to independent examination. Having satisfied myself that the charity is not subject to audit, and is eligible for independent examination, it is my responsibility to:- a) examine the accounts under section 145 of the Act; b) to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act; and; c) to state whether particular matters have come to my attention. ## **Basis of independent examiner's statement** I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England & Wales in relation to the conducting of an independent examination, referred to above. An independent examination includes a review of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements , and seeking explanations from you as trustees concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of the Charities legislation and that the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. The procedures undertaken do not provide all the evidence that would be required in an audit , and information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below. I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtain written assurances from the trustees of all material matters. ## **Independent examiner's statement** In the course of my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in, any material respect, the trustees requirements: - to keep accounting records in accordance with section 386 of the Companies Act 2006; and · to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of recommended Practice: Accounting and Reporting by 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 to be reached. K. Collaku MAAT Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ Date: 21st March 2025 15