## **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2025** ## **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 5|Report of the Directors'| |Page 6|Statement of Financial Activities| |Page 7|Balance Sheet| |Pages 8 to 12|Notes to the Financial Statements| |Page 13|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 2024 **END OF FINANCIAL YEAR** 31st July 2025 **DIRECTORS AT 31ST JULY 2025** 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 Fitzrovia 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 2025** ## **Overview** This year has been remarkable for the charity, helping thousands of families across the UK. We completed our largest projects and hosted fantastic fundraising events. Our board Emily Cann, Lewis Cann, Emily Lewis, Heather O’Sullivan, and Jonathan Bath remain the same. We meet virtually every quarter to review progress and discuss fundraising ideas, pack costs, and other updates. ## **Fundraising** Our low overhead allows us to direct most expenses toward creating and distributing butterfly packs. Fundraising is essential for our ongoing mission. In 2024-2025, we hosted remarkable events that amplified our efforts. - Christmas lights (December 2024). · First Employee (February 2025). This year, the charity reached a significant milestone by employing its first paid member of staff. Until now, we’ve been entirely volunteer-run, so bringing in support is a huge step in helping us make an even bigger impact. · Webinar (March with footprints). · Our dedicated fundraiser, Donna, contributed her baking talents by preparing a selection of cupcakes and sourdough bread, which successfully raised an impressive £200 in support of the charity. · We held our first raffle of the year, which successfully raised £180 in support of our work. · London Landmarks, this year was our fourth year taking part, and it was our best year yet, raising over £20,000. We had an incredible group of 20 runners. · London Marathon (£7349.66). · Leeds Marathon. · Webinar On June 23rd, we held a significant webinar on the sensitive topic of loss in multiple births, specifically the challenges faced by families experiencing the loss of a twin, triplet, or multiples. We had 44 attendees who engaged in this important conversation. Our speakers included a bereaved father sharing his emotional journey and a specialist midwife/physiotherapist providing expert guidance on supporting grieving families. We also had the honour of including contributions from Professor Nicholas Embleton, who enhanced the discussion with his expertise in the field. We highlighted the vital work of Footprints, which offers befriending services that connect bereaved families, helping them feel less isolated in their grief. · Dragon Boat Race had 16 participants, and they raised an impressive £2080 between them! · The Skydive raised a massive £4511 with 8 participants! - Molesing choir hosted an incredible day out for us raising just over £1000! ## **Future Events for the Next Report** - Baby Loss Awareness Event - Charity Family Fun Day - London Landmarks - Skydive - Fetal Medicine Project & MAT - Translations - International New Zealand, Netherlands, Australia and Canada 4 THE SKYE HIGH FOUNDATION LTD {A COIIPANY LIMifED BY GUARApifEEI REPORT OF THE DIRECTORS. ICtyrtlnu8dl roR THE YEAA ENDED 31$TJULY 2025 stst•mffit ol D*•#t•r•' FteBPDM1￿IItI9￿. Th& Charits5 Act arvj Companw Acl r•wwÈ Ihe Bo&Td dT•Ae88 fl)￿1 Stat￿1￿1￿ exh fin8 ar wh￿h slve A aNI falr TrA8W c4 Ihg state of affa￿ of Ihe chaty as ai the of the y•ar olth of ch¥ty. kn th￿t ￿0¢¢1￿116 th6 to:. bl fdbjwed Wt¥￿t0 ¥ny matww d•pgrttKes dlxk*&d and In tho fin•ndal 8tatem8nls. 8ccurxy at any Ilmo the fin•￿￿91 potth of Iho chBrty ￿ *14th *• ￿t￿nt to 6h￿ eX￿aIn the charW8 tr¥n¥J6llww ¥iwJ ¥iwlAu Ilwjiii fv erwJr* iw thfr ¥tthèmÈThts ¢omF* th thp Cornot4ts$ A¢t 2008 ond 4)omp wtth r•9ul*b'L*N md• ¢Mder th• Ch¥11￿$ Act. Thty ar& otso re5prrt*kn fLY s818wwdwY4 ts 8SBOt• plth• ¢h¥ty 8nd The Dir8CtorE are ￿80 for tr* contents cl Dw*ttin' rtwl. and thè af IK* kndbwndenl •X8minor In rewknn to C4r•Xcn' repyl * I"mited th8 repm •r￿r￿MA th*t cfi ts fxo of tho r•w( ompin*& rtyim&. Ih•i I h8v• n)*J6 wal•tle 411 knkfM•1kn￿4Wry fw N8 wepar• 301.512n2G Ii¥¢J I￿lT by f4trf4ty ........ Prfnted N•nw. ## **THE SKYE HIGH FOUNDATION LTD** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST JULY 2025** ## **(Incorporating Income & Expenditure Account)** |**Notes**
**INCOMING RESOURCES**
**Income Resources from Generated Funds**
Donations & Legacies
**3a**
Investment Income
**3b**
Activities for Generating Funds
**3c**
**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
**2024/25**
**2023/24**
£
£
£
£
£
71,635
-
-
71,635
36,521
-
-
-
-
-
273
-
-
273
-
**71,908**
**-**
**-**
**71,908**
**36,521**
43,907
-
-
43,907
32,890
1,651
-
-
1,651
2,229
**45,558**
**-**
**-**
**45,558**
**35,119**
**26,350**
**-**
**-**
**26,350**
**1,402**
19,400
-
-
19,400
17,998
**45,750**
**-**
**-**
**45,750**
**19,400**| |---|---| 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 7 to 12 form part of these financial statements. 6 THE SI(YE HIGH FOUNDATION LTD IACOWANY uMrfED BY GUARAMTEEI BALANCE SHEET AS AT 31ST JULY 2025 TOTAL 31Qu144 s14￿.25 Flx•dA•M TangthAe Ass815 ¢yrrwrt Dobtors & Propsy￿ts Cash 81 Bank and iri H•r4J Totsl Curr•htAM•ts 15 52,857 52,8n 51857 51872 20,3 20,300 Cr•dltor•'. Arnrmjnts du• y 7,122 7.122 NET ¢URREHf ASSETS 4S.750 19.4fy) TOTAL A88ETS K4t41 44710 45.7SO 19hOO cr•dMof*.' Lorig Tqrm Ll*Jl 10 WET A88ETI 45.790 45,700 19AOO Ftsndiolth• Chwlty General Fur￿¥ D8tslgn•t•d Funds Rtstdcl8d Funds 4S.760 41750 19ACQ Total Fund* 45.750 4S.760 19NOD Th8 Dlractors gre 8aU$fi•d IMI for fv y•* •r*Jod on 3111 Juty 2025 th• ¢harftoty• Corrwy w•¥ •ntW to •x•mptbn fr(th the requweffwl lo aft ￿der lec￿0 477 dthe CUnp￿th Acl •nd th•1 no m8mb8r8 h•v• Tqqulr8d th• comp8ry to obtsn ol it¥ •taxM*s for thè in ¢w•s￿ In xwdarK• wbth geckn 476 01 the Acl. Fh)wever, kn •tc¢*d#rts *ith *•ctkJn 145 d the Chari¢*s Acl 2011, the accourts h•¥fj bwn •xpmlMd by •n 1Th1•po￿lI￿ Ey*mkn•r r•F•rt 13. cfflpan￿5 ythiecl to ts 8m•ll cempanes •T¥J It* FIwc411 stsnd8rd •ppkab￿ h tho UK and R8wt4k of Irel￿ IFRS1021. CoM￿Y with Sec¢￿0 386 of tho Act and ftr T*)ar￿14 slalements gwe a and fair vlew of stste of aff•lr8 ollhe as alts* ond of Iho f*wxial war ￿ ol tts profil arNI h)s6 for thB fwAal year in accordance *ith Svjwl btrThawby tMf8Ctor.... Prlnted Narne.. er411 L Y ce￿￿) ## **THE SKYE HIGH FOUNDATION LTD** **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2025** ## **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. 8 ## **THE SKYE HIGH FOUNDATION LTD** **(A COMPANY LIMITED BY GUARANTEE)** **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST JULY 2025** ## **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 ## _**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 2025 : None 31st July 2024 : None 9 ## **THE SKYE HIGH FOUNDATION LTD** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST JULY 2025** ## **3. INCOMING RESOURCES** |**Notes**
**a) Donations & Legacies**
Gifts & Donations
**b) Investment Income**
Interest
**c) Activities for Generating Funds**
Sales
**4. RESOURCES EXPENDED**
**a) Costs of Charitable Activities**
Activities & Events
Advertising & Publicity
Bank Charges
Butterfly Project
Cabin Costs
Equipment Costs
Insurance Costs
Merchandise Costs
Neonatal Project
Office Costs
Postage & Courier Costs
Staff Costs
Sundry Expenses
Travel & Subsistence
**b) Governance Costs**
Independent Examiners Fee
**9**
Legal & Professional Fees|Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2024/25**
**2023/24**
£
£
£
£
£
71,635
-
-
71,635
36,521
**71,635**
**-**
**-**
**71,635**
**36,521**
-
-
-
-
-
**-**
**-**
**-**
**-**
**-**
273
-
-
273
-
**273**
**-**
**-**
**273**
**-**
Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2024/25**
**2023/24**
£
£
£
£
£
7,616
-
-
7,616
7,209
3,481
-
-
3,481
2,170
29
-
-
29
2
-
-
-
-
4,071
-
-
-
-
3,626
-
-
-
-
237
337
-
-
337
268
8,679
-
-
8,679
-
3,705
-
-
3,705
9,562
215
-
-
215
201
8,449
-
-
8,449
4,713
11,366
-
-
11,366
-
-
-
-
-
402
30
-
-
30
430
**43,907**
**-**
**-**
**43,907**
**32,890**
1,020
-
-
1,020
900
631
-
-
631
1,329
**1,651**
**-**
**-**
**1,651**
**2,229**| |---|---| 10 ## **THE SKYE HIGH FOUNDATION LTD** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST JULY 2025** ## **5. RESTRICTED FUNDS** The Charity held no restricted funds during this or the previous financial year. ## **6. DESIGNATED FUNDS** The Charity held no designated funds during this or the previous financial year. ## **7. DEBTORS AND PREPAYMENTS** ||Unrestricted|Unrestricted|Restricted|**TOTAL**|**TOTAL**| |---|---|---|---|---|---| |||Fund|Fund|**31-Jul-25**|**31-Jul-24**| |||£|£|**£**|**£**| |Sundry Debtors||15||-
15|-| |||**15**||**-**
**15**|**-**| |**8. CASH AT BANK AND IN HAND**|||||| |Cash at Bank and in Hand|Unrestricted
Fund
£
52,857||Restricted
Fund
£|**TOTAL**
**31-Jul-25**
**£**
-
52,857|**TOTAL**
**31-Jul-24**
**£**
20,300| |||**52,857**||**-**
**52,857**|**20,300**| |**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||| |PAYE & N.I|Unrestricted
Fund
£
6,102||Restricted
Fund
£|**TOTAL**
**31-Jul-25**
**£**
-
6,102|**TOTAL**
**31-Jul-24**
**£**
-| |Independent Examiners Fee||1,020||-
1,020|900| |||**7,122**||**-**
**7,122**|**900**| ## **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-25**
**31-Jul-24**
£
£
£
£
-
-
-
-
45,750
-
45,750
19,400
-
-
-
-
**45,750**
**-**
**45,750**
**19,400**| |---|---| 11 ## **THE SKYE HIGH FOUNDATION LTD** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST JULY 2025** ## **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 2025|**TOTAL**
**2024/25**
**£**
26,350
-
**26,350**
19,400
**45,750**|**TOTAL**
**2023/24**
**£**
1,402
-
**1,402**
17,998
**19,400**| |---|---|---| ## **13. STAFF COSTS AND NUMBERS** The Charity employed no members of staff during this financial year (2023/24: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 (2023/24: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. 12 ## **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 2025 set out on pages 6 to 13. ## **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: 12th June 2026 13