DoGusign Envelope ID.. 126A940A-D81747A4-B9EO-E5B89CFDC036 HIGHWAY CLUBS (INCORPORATED)ITHE) (Registered as a Charity, number 222327) Reglstered Number 00175883 (England and Wales) Roport and Unauditgd Financial Statements 31 March 2025 COOPER PARRY Broadwalk House, 5th Floor 5 Appold Street, Broadgate, London, EC21 1AG
DoGusign Envelope ID.. 126A940A-D81747A4-B9EO-E5B89CFDC036 HIGHWAY CLUBS INCORPORATED THE COMPANY INFORMATION Directors and Trustees.. K E Clark P Mulcahy R L Mccallum Company Registration Number.. 00175883 (England and Wales) PrincipallRegistered Office.. 2 Lowood Street Shadwell London E1 ODA Bankers". Barclays Bank PLC Dockland Hertsmere House Hertsmere Road London, E14 4AA Accountsnts.. Cooper Parry Advisory Limited Broadwalk House 5th Floor Appold Street Broadgate London, EC2A 2AG Solicitors.. Meaby & Co Solicitors LP 2 Camberwell Church Street London SE5 8QY
DoGusign Envelope ID.. 126A940A-D81747A4-B9EO-E5B89CFDC036 HIGHWAY CLUBS INCORPORATED THE CONTENTS Directors, and Trustees, Report Accountants, Report Statement of Financial Activities Balance Sheet Notes lo the Accounts
DoGusign Envelope ID.. 126A940A-D81747A4-B9EO-E5B89CFDC036 HIGHWAY CLUBS INCORPORATED THE DIRECTORS, AND TRUSTEES. REPORT COMPANY REGISTRATION NUMBER: 00175883 CHARITY REGISTRATION NUMBER: 222327 The Trustees present their report and accounts for the year ended 31 March 2025. The Trustees confirm that these accounts comply with Slalutory Requirements, ils Memorandum and Articles of Association and Statement of Recommended Practi (Accounting and Reporting by Charities) and the Financial Reporting Standard FRS102 (effective Jan 20151. Objects of the Charity and Principal Activities The Charity is constituted as a Company limited by guarantee and is therefore governed by ils Memorandum and Arbcles of Association. The Charity s object and ils principal activity continues lo be that of promotion of The Highway Clubs, through the edLJcalion, cultural, social, spiritual and physical activities of the clubs, 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 who come within the membership of The Highway Clubs. Directorsrrrustees The Directors and Trustees throughout the period were as follows.. K E Clark P Mulcahy R L Mccallum Transactions. Financial Position and Review of the Development of the Charity The Statements of Financial Activities show a deficit of expenditure over income of £10,00412024 deficit of expenditure over income of £37.2751 and the reseNes sland al £196,08712024.' £206,091). The company's main charitable activities during the year under review were lo make available ils premises at concessionary rates lo local sports and boxing clubs used by local children. The company has no plans lo change these objectives. The Charity continues to receive excellent SUPFX)rt from volunteers and would like to lake this opportunity lo 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 lo be satisfactory. The Charity s assets are available and adequate to fulfil its current obligations. Directors and Trustees All Directors of the Company are also Trustees of the Charity and there are no other Trustees. The Board has the tx)wer to appoint additional Trustees as il 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.
DoGusign Envelope ID.. 126A940A-D81747A4-B9EO-E5B89CFDC036 HIGHWAY CLUBS INCORPORATED THE DIRECTORS, ANO TRUSTEES. REPORT ICONTINUEDI Trustees reach decisions relating lo 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. Statamant of Truste8s' Rasponsibilitios The Trustees (who are also directors of Highways Club IlncorporatedllThel for the purposes of Company lawl are responsible for preparing the Trustees Annual Report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Ac¢ounting Praclicel. Company law requires the Trustees to prepare financial statements for each financial year which give a 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.. select suitable accounting policies and then apply them consistently., observe methods and principles in the Charities FRS 102 SORP., make judgements and estimates that are reasonable and prudent., slate whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial ststements on a going concem basis unless it is inappropriate lo presume that the company will continue in operation. Iv) The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial position of the company and to enable them lo 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 the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Directors, and Trustees, report has been prepared in accordan with the special provisions of Part 15 of the Act applicable lo small companies. Approved by the Board of Directors and Trustees on 16 December 2025 S*Mdtsy.' 7E6350DIE R L McCallum- Director and Trustee
DoGusign Envelope ID.. 126A940A-D81747A4-B9EO-E5B89CFDC036 HIGHWAY CLUBS INCORPORATED THE ACCOUNTANTS. REPORT TO THE MEMBERS OF HIGHWAY CLUBS INCORPORATED THE I report on the accounts ol the company for the year ended 31 March 2025 which are set out on pages 4 tc) 9. Respective responsibilities of Trustees and Accountants The Trustees (who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The Trustees consider that an audit is not required Ljnder section 144121 of the Charities Act 2011 and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is therefore eligible for independent examination it is my responsibility to.. examine the accounts under section 145 of the 2011 Act- follow the procedures laid down in the general directions given by Charity Commission under section 145151{bl of the 2011 Act,. and stste whether particular matters have come lo my attention. Basis of independent accountants, roport 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. 11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Iruslees concerning any such matters. The prOdureS 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 mallers sel out in the statement below. Independent Accountants, Statement In connection with my examination, no matter has come to my attention.. 111 which gives me reasonable cause to believe that, in any materi81 respect, the below requirements have not been met.. 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 121 to which, in my opinion, attention should be drawn in order lo enable a proper understanding of the accounts to be reached. Candice Young FCA Cooper Parry Advisory Limited Broadwalk House 5th Floor Appold Street Broadgate London, EC2A 2AG 17 December 2025
DoGusign Envelope ID.. 126A940A-D81747A4-B9EO-E5B89CFDC036 HIGHWAY CLUBS INCORPORATED THE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT AND STATEMENT OF RECOGNISED GAINS YEAR ENDED 31 March 2025 2025 Reslricled Funds 2024 Unrestricted Funds Notes Total Total INCOMING RESOURCES Activitias in furtherancg of the Charity's objectives.. Donations Grant income Investment income Rental income Interest and dividends 16,874 16,874 24,948 24,948 24,748 Tol81 incoming resources 41,828 41,828 24,753 RESOURCES EXPENDED Other Expenditure in furtherance of the Charity's objectives.. Repairs and maintenance Equipment Training camp Legal and professional Administration 3,549 3,549 11,280 660 8,879 11,807 29,402 8,018 12,276 27,989 8,018 12,276 27,989 Total resources expended 51,832 51,832 62,028 Nel incomingloulgoing reSoUrS before investment disposals and nel income lexpenditurel for the year {10,0041 {10,0041 137,2751 Other Racognisod Gains or Losses Profiullossl on disposal of current asset investments Tol81 gains or losses on disposal Nel movements in funds for the period Fund balances al the beginning of the period Transfer between funds {10,004) {10,004) 137,275) 134,300 71,791 206,091 243,366 Fund balances al the end of the period 124,296 71,791 196,087 206,091 All of the company's operations are classed as continuing. The allached notes on pages 6 10 9 form part of these financial statements
DoGusign Envelope ID.. 126A940A-D81747A4-B9EO-E5B89CFDC036 HIGHWAY CLUBS INCORPORATED THE islr8tion number.. 00175883 BALANCE SHEET AT 31 March 2025 Notes 2025 2024 FIXED ASSETS Tangible fixed assets 50,373 39,986 CURRENT ASSETS Debtors Bank and cash balances 149,371 171,980 149,371 171,980 CREDITORS.. amounts falling due within one year 13,6571 (5.8751 NET CURRENT ASSETS 145,714 166,105 TOTAL ASSETS LESS CURRENT LIABILITIES 196,087 206,091 CAPITAL AND RESERVES Unreslricled income funds Restricted income funds 124,296 71,791 134,300 71,791 Non equity interest Ilhe company is limited by guarantee} 196,087 206,091 The directors are satisfied that the company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025 and the Trustees have not required the company lo obtain an audit of its financial statements for the year ended 31 March 2025 in accordan with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for= (al Ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006., and Ibl Preparing financial statements which give a true and fair view of the slate of affairs of the company as al the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating lo financial statements, so far as applicable to the company. 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 20151 and in accordance with the Statement of Recommended Practice {Accounting and Reporting by Chariliesl. Approved by the Trustees on 16 December 2025 ) Director The attached notes on pages 6 to 9 form part of these financial stslemenls
DoGusign Envelope ID.. 126A940A-D81747A4-B9EO-E5B89CFDC036 HIGHWAY CLUBS INCORPORATED THE NOTES TO THE FINANCIAL STATEMENTS- 31 March 2025 11 ACCOUNTING POLICIES al Basis of Accounting These financial slalemenls have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 leffective January 20151 and the Statement of Recommended Practice "Accounting and reporting by Charities.. The accounts have been prepared in accordance with the Companies Act 2006. bl Incomg Rentsl income is in¢luded in the accounts on an accruals basis. All other income is included on a receipts basis. cl Expenditure Expenditure is allocated between direct charitable expenditure. fund-raising and publicity expenditure and administration expenses where applicable. Such expenditure is included on an accruals basis. dl Value Added Tax Value added Tax is not recoverable by the Charity and as such, is included in the relevant costs in the Statement of Financial Activities. el Tangible Fixed Assets Assets are capilalised if il is in the Trustees opinion that they will have a useful economic life of more than one year. Depreciation is provided al the following rates per annum lo write off the cost of the tangible fixed assets over their remaining useful lives.. Fixtures and Equipment Leasehold Land and Property 15Qh reducing balance Over the tem) of the lease Q Charitable Donations All charitable donations made during the year are included within ResOUrS Expended and disclosed in the Director's report. gl Description of Funds Unrestricted income funds are those which may be spent on any charitsble purposes. Restricted income fLJnds are funds received which can only be used for specific purposes. Costs incurred in relation to activities allowed by the reslricb'on are charged to the restricted fund. h) Current asset Investments The investments are listed on recognised stock exchanges and recorded at the lower of historical cost and net realisable value in the accounts. 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.
DoGusign Envelope ID.. 126A940A-D81747A4-B9EO-E5B89CFDC036 HIGHWAY CLUBS INCORPORATED THE NOTES TO THE FINANCIAL STATEMENTS- 31 March 2025 (CONTINUED) 2025 2024 INVESTMENT INCOME Bank interest receivable Dividends and Interest receivable from Investments quoted on UK stock exchange 2025 2024 LEGAL AND PROFESSIONAL EXPENDITURE Independent examination fees Other professional fees 3,180 9,096 3,347 8,460 12,276 11,807 2025 2024 4. ADMINISTRATION Property expenses Depreciation Investment management fees Other administrative costs 4,022 8,957 3,864 7,124 15,010 18,414 27,989 29,402 5. TANGIBLE FIXED ASSETS Leasehold Fixtures & Pro ert ment Total COST At 1 April 2024 Additions 11,744 118,621 19,344 130,365 19,344 At 31 March 2025 11,744 137,965 149,709 DEPRECIATION At 1 April 2024 Charge for year 11,744 78,635 8,957 90,379 8,957 At 31 March 2025 11,744 87,592 99,336 NET BOOK VALUE At 31 March 2025 50,373 50,373 At 31 March 2024 39,986 39,986 The above assets are used for direct charitable purposes.
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HIGHWAY CLUBS (INCORPORATED)(THE)
NOTES TO THE FINANCIAL STATEMENTS - 31 March 2025 (CONTINUED)
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| 6. | DEBTORS | |||||
| Other debtors | - | - | ||||
| _ | _ | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| Accruals | 3,657 | 5,875 | ||||
| _ | _ | |||||
| 3,657 | 5,875 | |||||
| _ | _ | |||||
| 8. | ANALYSIS OF RESTRICTED AND UNRESTRICTED FUNDS | |||||
| 2025 | 2024 | |||||
| Unrestricted | Restricted | |||||
| Funds | Funds | Total | Total | |||
| £ | £ | £ | £ | |||
| Brought forward from | 134,300 | 71,791 | 206,091 | 243,366 | ||
| 31 March 2024 | ||||||
| Net movements in funds | (10,004) | - | (10,004) | (37,275) | ||
| ___ | ___ | ___ | ___ | |||
| Accumulated funds at | ||||||
| 31 March 2025 | 124,296 | 71,791 | 196,087 | 206,091 | ||
| ___ | ___ | ___ | ___ |
DoGusign Envelope ID.. 126A940A-D81747A4-B9EO-E5B89CFDC036 HIGHWAY CLUBS INCORPORATED THE NOTES TO THE FINANCIAL STATEMENTS- 31 March 2025 ICONTINUEDI ANALYSIS OF RESTRICTED AND UNRESTRICTED FUND 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 held to finance the Charity in the medium term. Restricted funds relate to income generated from the sale of Abbots Holl 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 lo achieve these restrictions. 10. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Restricted Funds Unrestricted Funds Total Tangible fixed assets Investments Debtors Cash at bank and in hand Other nel assetsllliabilitsesl 50,373 50,373 77,580 {3,657) 71,791 149,371 (3,6571 124,296 71,791 196,087 2024 Restricted Funds Unrestricted Funds Total Tangible fixed assets Debtors Cash at bank and in hand other net assetsllliabilitiesl 39,986 39,986 100,189 15,8751 71,791 171,980 15,8751 134,300 71,791 206,091 11. RELATED PARTY TRANSACTIONS The Trustees are not employed by the Charity. The Trustees neither received nor waived any emoluments during the year.