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REGISTERED COMPANY NUMBER: 05037999 (England and Wales)
REGISTERED CHARITY NUMBER: 1104978














REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

F.L.A.G (SUPPORTING YOUNGSTERS WITH
SPECIAL NEEDS) LIMITED

F.L.A.G (SUPPORTING YOUNGSTERS WITH
SPECIAL NEEDS) LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 12

F.L.A.G (SUPPORTING YOUNGSTERS WITH
SPECIAL NEEDS) LIMITED (REGISTERED NUMBER: 05037999)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objectives and principal activities are:

To provide quality recreational services and support for youngsters with special needs in the Grimsby, Cleethorpes, Immingham and surrounding areas.

To provide support and services to youngster's families by way of respite.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
A review of the charity's achievements and performance during the year is set out in the Chairman's Statement included with the annual report.

FINANCIAL REVIEW
The Charity has had a successful year in respect of providing this unique service to our users. As ever funding and increasing costs remain our concern and the trustees are continually working on a business plan which we hope will help in our efforts to secure much needed funds.

We have been able to call upon a team of volunteers whose help has been invaluable, also the staff who have worked tirelessly as ever, thank you all.

The cash reserves at year ended 31st March 2024 was £151,743 (2023 £180,562) a decrease of £28,819. No reserves are maintained other than those required to provide short term funding for the Charity to continue providing the services required for youngsters with special needs.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

In the event of the company being wound up the members are required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees
The directors of the company are also the charity trustees for the purpose of charity law. Appointment of directors and trustees is governed by the Articles and Memorandum of Association.

The directors and trustees are appointed on the recommendation of the Board of Management from the general public at the Annual General Meeting.

The charity is organised so that the directors and trustees meet regularly to manage its affairs. The staff are directly responsible to the directors and trustees.

Related parties
There are no related party relationships which require disclosure in these accounts.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05037999 (England and Wales)

Registered Charity number
1104978


F.L.A.G (SUPPORTING YOUNGSTERS WITH
SPECIAL NEEDS) LIMITED (REGISTERED NUMBER: 05037999)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024

Registered office
c/o 10 Whimbrel Way
Grimsby
N E Lincolnshire
DN36 4YX

Trustees
C Woolliss Nurse
M Rudkin Builder
H Aitken Trustee
D C Topliss Trustee
L J Coomber Housewife
K C Venney Trustee

Company Secretary
C Woolliss

Independent Examiner
Xeinadin Grimsby
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB

Bankers
HSBC Bank Plc
Auditors Letters
Conventry DSC
Harry Weston Road, Binley
Conventry
CV3 2TQ

Approved by order of the board of trustees on 3rd February 2025 and signed on its behalf by:





M Rudkin - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
F.L.A.G (SUPPORTING YOUNGSTERS WITH
SPECIAL NEEDS) LIMITED

Independent examiner's report to the trustees of F.L.A.G (Supporting Youngsters With Special Needs) Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Scott Nixon

Xeinadin Grimsby
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB

Date: .............................................

F.L.A.G (SUPPORTING YOUNGSTERS WITH
SPECIAL NEEDS) LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 5,156 - 5,156 8,735

Other trading activities 3 - - - 40
Investment income 4 672 - 672 126
Total 5,828 - 5,828 8,901

EXPENDITURE ON
Charitable activities 5
Fundraising income 37,245 30 37,275 2,511

NET INCOME/(EXPENDITURE) (31,417 ) (30 ) (31,447 ) 6,390


RECONCILIATION OF FUNDS
Total funds brought forward 180,442 120 180,562 174,172

TOTAL FUNDS CARRIED FORWARD 149,025 90 149,115 180,562

F.L.A.G (SUPPORTING YOUNGSTERS WITH
SPECIAL NEEDS) LIMITED (REGISTERED NUMBER: 05037999)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 11 83 90 173 229

CURRENT ASSETS
Cash at bank and in hand 151,743 - 151,743 181,933

CREDITORS
Amounts falling due within one year 12 (2,801 ) - (2,801 ) (1,600 )

NET CURRENT ASSETS 148,942 - 148,942 180,333

TOTAL ASSETS LESS CURRENT LIABILITIES 149,025 90 149,115 180,562

NET ASSETS 149,025 90 149,115 180,562
FUNDS 13
Unrestricted funds:
General fund 149,025 180,442
Restricted funds:
NELC - Early Years Capital Grant 90 120
TOTAL FUNDS 149,115 180,562

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit 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 to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 3rd February 2025 and were signed on its behalf by:





M Rudkin - Trustee

F.L.A.G (SUPPORTING YOUNGSTERS WITH
SPECIAL NEEDS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Office furniture and equipment - 25% on reducing balance

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2. DONATIONS AND LEGACIES
31.3.24 31.3.23
£    £   
Donations 5,156 8,735


F.L.A.G (SUPPORTING YOUNGSTERS WITH
SPECIAL NEEDS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

3. OTHER TRADING ACTIVITIES
31.3.24 31.3.23
£    £   
Admissions - 40

4. INVESTMENT INCOME
31.3.24 31.3.23
£    £   
Interest receivable - trading 672 126

5. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 6) Totals
£    £    £   
Fundraising income 28,865 8,410 37,275

6. SUPPORT COSTS
Governance
Finance Other costs Totals
£    £    £    £   
Fundraising income 61 6,621 1,728 8,410

Activity Basis of allocation
Finance As a % used basis
Other As a % used basis

Support costs, included in the above, are as follows:

Management
31.3.24 31.3.23
Total Total
activities activities
£    £   
Loss on sale of intangible fixed assets - 270
Finance
31.3.24 31.3.23
Fundraising Total
income activities
£    £   
Bank charges 61 62

F.L.A.G (SUPPORTING YOUNGSTERS WITH
SPECIAL NEEDS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. SUPPORT COSTS - continued
Other
31.3.24 31.3.23
Fundraising Total
income activities
£    £   
Rent 6,300 -
Insurance 193 -
Printing, stationery and advertising 72 120
Depreciation of tangible fixed assets 56 75
6,621 195
Governance costs
31.3.24 31.3.23
Fundraising Total
income activities
£    £   
Accountancy 1,200 1,200
Payroll services 528 -
1,728 1,200

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.24 31.3.23
£    £   
Depreciation - owned assets 56 74
Rent payable 6,300 -
Deficit on disposal of fixed assets - 270

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023.


Trustees' expenses

Expenses reimbursed to the trustees are disclosed in note 6.

9. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.24 31.3.23
Staff 7 -

No employees received emoluments in excess of £60,000.


F.L.A.G (SUPPORTING YOUNGSTERS WITH
SPECIAL NEEDS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 8,735 - 8,735

Other trading activities 40 - 40
Investment income 126 - 126
Total 8,901 - 8,901

EXPENDITURE ON
Charitable activities
Fundraising income 2,471 40 2,511

NET INCOME/(EXPENDITURE) 6,430 (40 ) 6,390


RECONCILIATION OF FUNDS
Total funds brought forward 174,012 160 174,172

TOTAL FUNDS CARRIED FORWARD 180,442 120 180,562

11. TANGIBLE FIXED ASSETS
Office
furniture
and
equipment
£   
COST
At 1st April 2023 and 31st March 2024 6,977
DEPRECIATION
At 1st April 2023 6,748
Charge for year 56
At 31st March 2024 6,804
NET BOOK VALUE
At 31st March 2024 173
At 31st March 2023 229


F.L.A.G (SUPPORTING YOUNGSTERS WITH
SPECIAL NEEDS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Social security and other taxes 400 400
Accrued expenses 2,401 1,200
2,801 1,600

13. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 180,442 (31,417 ) 149,025

Restricted funds
NELC - Early Years Capital Grant 120 (30 ) 90

TOTAL FUNDS 180,562 (31,447 ) 149,115

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 5,828 (37,245 ) (31,417 )

Restricted funds
NELC - Early Years Capital Grant - (30 ) (30 )

TOTAL FUNDS 5,828 (37,275 ) (31,447 )


Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 174,012 6,430 180,442

Restricted funds
NELC - Early Years Capital Grant 160 (40 ) 120

TOTAL FUNDS 174,172 6,390 180,562

F.L.A.G (SUPPORTING YOUNGSTERS WITH
SPECIAL NEEDS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 8,901 (2,471 ) 6,430

Restricted funds
NELC - Early Years Capital Grant - (40 ) (40 )

TOTAL FUNDS 8,901 (2,511 ) 6,390

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.22 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 174,012 (24,987 ) 149,025

Restricted funds
NELC - Early Years Capital Grant 160 (70 ) 90

TOTAL FUNDS 174,172 (25,057 ) 149,115

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 14,729 (39,716 ) (24,987 )

Restricted funds
NELC - Early Years Capital Grant - (70 ) (70 )

TOTAL FUNDS 14,729 (39,786 ) (25,057 )


F.L.A.G (SUPPORTING YOUNGSTERS WITH
SPECIAL NEEDS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st March 2024.

15. CONTROL RELATIONSHIP

The charity is controlled by its directors and trustees who, acting as a body, totally control all aspects of the running of the charity.