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2021-03-31-accounts

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HIGHWAY CLUBS (INCORPORATED)(THE)
(Registered as a Charity, number 222327)
Registered Number
00175883
(England and Wales)
Report and Unaudited Financial Statements
31 March 2021
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CHARTERED ACCOUNT.Aners
Alssala, 46 High Street, Esher, Surrey, KT10 9QY
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IGHW, co
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COMPANY INE ATION.

Directors and Trustees:

Gompany Registration Number:

Principal/Registered Office:

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Bankers;
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Accountants:

K E Clark ‘P Mulcaty RL McCallum

00175883 (England and Wales)

.2 Lawood Street Shadwell London E£10DA

Barclays Bank PLC Deckland ‘Hertsmere House ‘Hertsmere Road London, E14 4AA

Haines Waits

‘Chartered Accountants Aissela .46 High Street Esher -Surrey, KT10 9QY.

Solicitors;

.Woodrotfes

‘Solicitors

36 Ebury Street

‘London, SW1W OLU

Investment Managers:

Barclays Bank Trust Company Limited Eagle Court, Lynch Wood Peterborough, PE2 6WY

HIGHWAYCLUBS (INCORPORATED\THE) CONTENTS

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Directors’ and Trustees’ Report 1-2
Accountants’ Report 3
Statement of Financial Activities 4
Balance Sheet 5
Nates to the Accounts 6-9
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4

HIGHWAY{INCORPORATEDYTHE)CLUBS SHARITYREGISTRATIONNUMBER: 222327 The Trustees present their report and accounts for the year ended 31 March 2021. The Trustees confirm that these accounts comply with Statutory Requiraments, its Memorandum and Articles of Association and Statement of Recommended Practice (Accounting and Reporting by Charities) and the Financial Reporting Standard FRS102 (effective Jan 2015). , Objects of the Charity and Principal Activities

The Charity is constituted as a company limited by guarantee and is therefore governed by its Memorandum and Articles of Association,

The Charity’s object and its principal activity continues to be that of promotion of The Highway Clubs, through the education, cultural, social, spiritual and physical activities of the dubs, the conscious or unconscious absorption of these fundamentals; the application of them to everyday life in the service of our fellow man and woman, and the total fitness of mind, body and spirit of all whe come within the membership of The Highway Clubs.

Directors/Trustees

The Directors and Trustees throughout the period were as follows:

KE Clark P Mulcaty RLMeCaltum

Transactions, Financial Position and Review of the Development of the Charity The Statements of Financial Activities show a surplus of Income over expenditure of £10,683 (2020 £84,770) and the reserves stand at £238,532 (2020 £227,849).

The company's main charitable activities during the year under review were to make available its premises at concessionary rates to local sports and boxing clubs used by local children. The company has no plans to change these objectives.

The Charity continues to receive excellent support from volunteers and would like to take this opportunity to thank them for their time and efforts.

Funds Available

The present level of funding is adequate to support the continuation of the clubs now in operation for the medium term and the Trustees consider the financial position of the Charity to be satisfactory. The Charity’s assets are available and adequate to tulfil its current obligations.

Directors and Trustees

Ail Directors of the Company are also Trustees of the Charity and there are no other Trustees. The Board has the power to appoint additional Trustees as it considers fit to do so. The number of Trustees currently in place has fallen below the minimum number required by the company’s Articles of Association. The Trustees are actively searching for additional Trustees and hope to be able to appoint new Trustees in the near future.

2

AY IN RA DIRECTORS’ AND TRUSTEES" REPORT (CONTINUED)

Trustees reach decisions relating to the Charity’s day to day business using a democratic voting system, with a simple majority finalising the decision made. The Trustees have reviewed the major risks to which the Charity is exposed and have implemented necessary systems to mitigate those risks. Statement of Trustees’ Responsibilities The Trustees (who are also directors of Highways Club (Incorporated){The} for the purposes of company law) are responsible for preparing the Trustees Annua! Report and the financial statements in accondanse with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year which give 4 true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing those financial statements, the Trustees are required to: fi) select suitable accounting policies and then apply them consistently; {ii) ‘Observe methods and principles in the Charities FRS 102 SORP; {ili} makejudgements and estimates that are reasonable and prudent: {iv} State whether applicable UK Accounting Standards have been followed, subject to any material departures {v) disclosed and explained in the financial statements; prepare the financial statements on a going cancern basis unless it is inappropriate to presume that the company will continue in operation.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006 and the Charities Act 2011. They are also responsible for safeguarding the assets of tha company and hence for taking reasonable steps for the prevention and detection of fraud and othar irregularities,

The Directors’ and Trustees’ report has been prepared in accordarice with the special provisions of Pari 15 of the Act applicable to smail companies.

Approved by the Board of Directors and Trusteeson 2211zZ|2 Oz\

RL McCallum— Director and Trustes

3

HIGHWAY CLUBS(INCORPORATED) (THE) ACCOUNTANTS’ REPORT TO THE MEMBERS OF HIGHWAY CLUBS .(INCORPORATED)(THE)

Respective responsibilities of Trustees and Accountants The Trustees (who are also the directors of the company for the purposes of company Jaw) are responsible for the preparation of the accounts. The Trustees consider that an audit is not required under section 144(2) of the Charities Act 2011 and that an independent examination Is needed.

Having satisfied myself that the charity is not subject to audit under com pany law and is therefore eligible for independent examination it is my responsibility to:

Basis of independent accountants’ report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the 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 the accounts, and seeking explanations from you as trustees conceming 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.

Independent Accountants’ Statement

In connection with my examination, no matter has come to my attention:

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

= Orne} Ware’

Christian Collins FCCA Haines Watts Chartered Accountants Alssela 46 High Street Esher Surrey KT10 80Y

23 December 2021

4

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||||||||| |---|---|---|---|---|---|---|---| |HIGHWAY(NCORPORATEDITHE)CLUBS| |STATEMENT OF|FINA!|f|s| |INCLUDING|IE|AND|E|E|ACCOUNT.| |“STATOF|R|E|COGNISEDMENTGAINS)| |~|2021|2020| |Unrestricted|Restricted| |INCOMING|RESQURCES|a|3|oe|£|£|£| |Activities|In furtherance of the| |Charity’s objectives:| |Donations|-|-|900| |Grant income|25,000|-|25,006|-| |Investment income| |Rental income|9,097|.|9,097|24,974| |interest|and|dividends|2|-|,|-|1,955| |Tatal incoming resources|34,097|.|34,097|27,829| |RESOURCES EXPENDED| |Other Expenditure in furtherance| |of the Charity's objectives:| |Repairs and maintenance|2,197|-|2,197|1,087| |Equipment|4,640|:|4,640| |Legat and professional|3|3,602|.|3,602|4,105| |Administration|4|12,975|-|12,975|24,972| |Total resources expended|23,414|.|23,414|30,144| |||.| |Net incoming/outgeing|resources| |before|investment| |disposals and|net income| |(expenditure) for the year|10,683|-|10,633|(2,315)| |Other Recognised|Gains|or|_| |Losses| |Profit/(loss)|on|disposal|of current| |asset investments|-|°|-|87,085| |Total gains or losses on disposal|-|.|-|87,085| |;|.|i|—| |Net movements|in funds for| |the period|10,683|-|10,683|84,770| |Fund balances|at the beginning| |of the period|156,058|71,791|227|B49|143,079| |Transfer between funds|-|-|:| |Fund|balances|at the|end|of| |the period|188,741|71,791|238,532|227,849| |All|of ihe company’s|operations are classed as continuing,| |The attached notes on pages|6 to 9 form part|of these financial|statements|

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5

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HIGHWAY CLUBS INCORPORATEDITHE) Bosoistrationnumber, 00175883.
BALANCESHEET AT 31 March 2021
Notes 2021 2020
£ £ £ £
FIXED ASSETS
Tangible fixed assets 5 6,656 7,900
CURRENT ASSETS
Debtors § - -
Bank and cash balances 234,806 222,881
CREDITORS: amounts falling 234,806 222,831
due within one year 2 (2,932) (2,932}
NET CURRENT ASSETS 231,876 219,949
TOTAL ASSETS LESS
CURRENT LIABILITIES 238,532 227,849
CAPITAL AND RESERVES
Unrestricted income funds 9 166,741 156,058
Restricted income funds 9 71,791 71,791
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Non equity interest {the
company is limited by guarantee) 238,532 227,849
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The directors are satistied that the company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021 and the Trustees have not required the company to obiain an audit of its financial statements for the year ended 31 March 2021 In accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies, with the Financial Reporting Standard 102 {effective Jan 2015) and in accordance with the Statement of Recommended Practice (Accounting and Reporting by Charities), Approved by the Trusteeson ZZ haz lzp-z4

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Ri McCafium ) Director
)
}
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The attached notes on pages 6 to 9 form part of these financial statements

6

HIGRWAYLELUBS (INCORPORATED)THE) NOTES TO THE FINANCIAL STATEMENTS — 3] March 2021,

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1) ACCOUNTING POLICIES
a) Basis of Accounting
These financial statements have been prepared under the historicat cost convention and in accordance with
Financial Reporting Standard 102 (effective January 2015) and the Statement of Recommended Practice
“Accounting and reporting by Charities’. The accounts have been prepared in accordance with the
Companies Act 2006.
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b) Income
Rental income is included in the accounts on an accruals basis. All other income is induded on a receipts basis.
c) Expenditure
Expenditure is allocated between direct charitable experiditure, fund-raising and publicity expenditure and
administration expenses where applicable. Such expenditure is included on an accruals basis.
d) Value Added Tax
Value added Tax is not recoverable by the Charity and as Such,; is included in the relevant casts in the
Statement of Financial Activities.
6) Tangible Fixed Assets
Assets are capitalised if it is in the Trustees opinion that they will have a useful economic fife of more than one
year, Depreciation is provided at the following rates per annum to write off the cost of the tangible fixed
assets over their remaining useful lives:
Fixtures and Equipment - 15% raducing balance
Leasehold Land and Property - Over the term of the lease
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i} Provisions for Liabilities
Provisions are included for amounts due to third parties where there is a contractual obligation on or before
the balance sheet date.
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7

OTES
TO THEFINANCIAL		 OTES
TO THEFINANCIAL		 STATEMENTS - h 2021(CONTINUED) h 2021(CONTINUED) h 2021(CONTINUED)
2
2. INVESTMENTINCOME £ £
Bankinterestreceivable - 4
Dividendsand Interest receivablefrom
quotedonUKstockexchange		 Investments - 1,951
* 1,955
3. LEGALANDPROFESSIONALEXPENDITURE aaah my
Independem examinationfees
Otherprofessionalfees		 fees 2,910
692		 2,910
1,195
3,602 4,105
2021
£		 2020
£
4. ADMINISTRATION
Propertyexpenses
Depreciation
investmentmanagementfees
Otheradministrative costs		 3,226
1,243
-
8,506		 §,908
1,462
385
17,217
12,974 24,972
5. TANGIBLE FIXEDASSETS
leasehold, Fixtures&
Property ' Fittings Total
COST £ £ £
At 1 April2020
Additions		 11,744
.		 70,904
7		 82,648
.
At31 March2021 11,744 70,904 82,648
DEPRECIATION
At 1 Aprif2020
Chargeforyear		 11,744
-		 63,005
1,243		 74,749
1,243
At 31 March 2024 11,744 64,248 76,012
NET BOOKVALUE
At31 March2021 - 6,656 6,656
At31March 2020 - 7,900 7,900

The above assets aro used for direct charitable purposes.

8

NOTES TO THEFINANCIAL STATEMENTS - 3 1 March 2621 (CONTINUED)

2021 2020
6 DEBTORS £ 3
Otherdebtors = P
7. CREDITORS:AMOUNTSFALLING FALLING DUEWITHINONEYEAR 2021
£		 2020
g
Accruals 2,932 2,982
2,932 2,932
8. ANALYSISOFRESTRICTEDANDUNRESTRICTEDFUNDS
Broughtforwardfrom
31 March 2021		 Unrestricted
Funds=
£
156,058		 2021
Restricted
Funds
2
71,791		 Total
£
227 849		 2020
Total
£
148,079
Netmovementsinfunds 10,683 - 10,683 84,770
-
Accumulated funds at
31March2021 166,741 71,791 238,532 227,849

9

HIGHWAY(INCORPORATEDNTHE)CLUBS ‘NOTES TO THE FINANCIAL STATEMENTS - 31 March 2021 (CONTINUED)

  1. ANALYSIS OF RESTRICTED AND UNRESTRICTED FUND (CONTINUED) Unrestricted reserves have been generated through the principal activities of the Charity and have no restrictions imposed. The purpose of the fund is to allow the continued use of the Charity’s asset to fulfil its overall objective as set out in the Trustees report. Sufficient funds are hald to finance the Charity in the medium term. Restricted funds relate to income generated tram the sale of Abbots Holt Cottage and may only be used for the physical and social benefits of boys, particularly in connection with camps, playgrounds, club premises and similar projects. Adequate funds are held to achieve these restrictions.

10. ANALYSIS OF NET ASSETS BETWEEN FUNDS

;
Unrestricted		 2021
Restricted
£ £ £
Tangiblefixedassets
Investments
Debtors
Cash atbank andinhand
Othernetassets/(liabilities)		 6,656
-
-
163,015
(2,982)		 -
=
-
71,791
*		 6,656
-
-
234,806
(2,932)
166,741 71,791 238,532
Unrestricted
Eunds
__
£		 2020
Restricted
Funds_
£		 Total
£
Tangiblefixedassets
Debtors
Cashatbankand inhand
Othernetassets/(liabilities)		 7,900
-
151,096
(2,932)		 -
-
71,791
-		 7,800
~
222,881
(2,932)
166,058 71,791 227,849

11, RELATED PARTY TRANSACTIONS

The Trustees are not employed by the Charity, The Trustees neither recelved nor walved any emoluments during the year,