2020-08-31-accounts - Wings South West

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						Pages
Trustees' Annual Report (incorporating			the	Directors'	report)	1 to 8
Independent examiner's report to the			Trustees
Statement offinancial	activities	(including		income and
expenditure account)						10
Statement offinancial	position
Notes to the financial	statements					12to 22

Reference	and administrative	and administrative	and administrative	details	details
Registered	charity name			Wings South West
Charity registration		number		1082938
Company	registration		number	4055940
Principal office and		registered		Bowood House
office				Abbotsham
				Bideford
				Devon
				EX395AX
Trustees				Mrs M J Sawle		Chair ofTrustees
				Mrs VA Reason
				Mr C BJones
				Mr I J Rogers
				Mrs A C Bowser
Founder,	CEO 8 Director			Dr P A Bowser
Founder &Secretary				Mrs A C Bowser
Bankers				Barclays Bank Plc
				84 High Street
				Bideford
				EX392AL
				Lloyds Bank Plc
				5 High Street
				Bideford
				EX392AD
				Investec Wealth	& Investment	Limited
				2 Gresham Street
				London
				EX2V7QP
Solicitors				Seldons Solicitors LLP
				15The Quay
				Bideford
				EX392EZ
Accountants				Thomas Westcott
				Chartered Accountants
				47 Boutport Street
				Barnsta pie
				Devon
				EX31 1SQ

					2020		2019
				Unrestricted	Restricted
			Note	funds	funds	Total funds f	Total funds
Income and endowments
Donations and legacies				109,192	38,000	147,192	198,767
Other trading activities				98,914		98,914	90,061
Investment income				1,708		1,708	1,640
Total income				209,814	38,000	247,814	290,468
Expenditure
Expenditure on raising funds:
Investment management		costs	8	660		660	618
Expenditure on charitable	activities		9,10,11	130,690	84,335	215,025	225,424
Other expenditure			12,26	90,000		90,000
Total expenditure				221,350	84,335	305,685	226,042
Net gains/(losses) on investments			14	832		832	8,703
Net income/(expenditure)				(10,704)	(46,335)	(57,039)	73,129
Transfers between funds				45,628	(45,628)
Net movement in funds				34,924	(91,963)	(57,039)	73,129
Reconciliation offunds
Total funds brought forward				490,631	115,963	606,594	533,465
Total funds carried forward				525,555	24,000	549,555	606,594

				2020		2019
Fixed assets
Tangible fixed assets			20		312,162	298,585
Investments			21		107,338	105,289
					419,500	403,874
Current assets
Debtors			22	22,066		12,910
Cash at bank and	in	hand		205,241		199,816
				227,307		212,726
Creditors: amounts		falling due within one year	23	97,252		10,006
Net current assets					130,055	202,720
Total assets less	current liabilities				549,555	606,594
Net assets					549,555	606,594
Funds ofthe charity
Restricted funds					24,000	115,963
Unrestricted funds					525,555	490,631
Total charity funds			24		549,555	606,594

					Unrestricted	Restricted	Total Unrestricted	Total Unrestricted	Restricted	Total
					Funds	Funds	Funds 2020	Funds	Funds	Funds 2019
						F			F	E
Donations
Donations including		GiR	Aid		31,540		31,540	11,062		11,062
Grants
Abbotsham Baptist		Church			750		750	1,000		1,000
Ansell Family Charitable			Trust			6,000	6,000
Bideford Bridge Trust						2,000	2,000
Barry and Peggy	High Foundation				10,000	10,000	20,000	205	10,000	10,205
Clare Milne Trust									25,000	25,000
Devon Community		Foundation		(Ripple		20,000	20,000		20,000	20,000
Fund)
Garfield Weston	Foundation								130,000	130,000
Grosvenor Church					500		500
Maurice and Hilda		Laing	Trust		5,000		5,000
St Mary's Church					1,500		1,500	1,500		1,500
Unison North Devon and			Torridge		500		500
UK Government	COVID		Grants		59,402		59,402
					109,192	38,000	147,192	13,767	185,000	198,767

6.	Other trading	Other trading	Other trading	activities
								Unrestricted	Total Funds	Unrestricted	Total Funds
								Funds	2020	Funds	2019
								E			E
	Courses and activities							8,799	8,799	6,327	6,327
	Hire income							1,075	1,075	1,362	1,362
	Trax income							5,401	5,401	6,503	6,503
	Disability	enabling						10,576	10,576	25,622	25,622
	North Devon Coastal Academy						income	73,063	73,063	50,247	50,247
								98,914	98,914	90,061	90,061
7.	Investment		income
								Unrestricted	Total Funds	Unrestricted	Total Funds
								Funds	2020	Funds	2019
										E	E
	Income from listed investments							1,705	1,705	1,640	1,640
	Bank interest			receivable				3	3
								1,708	1,708	1,640	1,640
8.	Investment		management			costs
								Unrestricted	Total Funds	Unrestricted	Total Funds
								Funds	2020	Funds	2019
										F	E
	Investment		management		fees			660	660	618	618
9.	Expenditure			on charitable		activities		by fund type
									Unrestricted	Restricted	Total Funds
									Funds	Funds	2020
	Charitable		Work						125,976	84,335	210,311
	Support costs								4,714		4,714
									130,690	84,335	215,025
									Unrestricted	Restricted	Total Funds
									Funds	Funds	2019
									E
	Charitable		Work						160,725	60,089	220,814
	Support costs								4,610		4,610
									165,335	60,089	225,424

Expenditu	re on charitable a	ctivities by activity typ	e
		Activities
		undertaken			Total Funds	Total Funds
		directly	Support	costs	2020	2019
				E
Charitable	Work	210,311		4,714	215,025	225,424

11.	Analysis	ofsupport costs
				Charitable
				activities	Total 2020 f	Total 2019 f.
	Staff costs			2,663	2,663	2,490
	Accountancy			2,051	2,051	2,120
				4,714	4,714	4,610
12.	Other expenditure
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2020	Funds	2019
						F
	Donation	repayment	90,000	90,000

Net gains on	inv	estmen	ts
				Unrestricted	Total	Funds	Unrestricted	Total	Funds
				Funds		2020	Funds		2019
Gains/(losses)	on	other	investment
assets				832		832	8,703		8,703

15.	Net income/(expenditure)	Net income/(expenditure)
	Net income/(expenditure)		is stated after charging/(crediting):
					2020	2019
	Depreciation	oftangible fixed assets			19,423	16,166
	(Surplus)/Loss	on disposal	offixed assets		(12,628)
16.	Independent	examination	fees
					2020	2019
	Fees payable	to the independent examiner		for:
	Independent	examination	ofthe financial statements		2,051	2,120

The total sta	ff costs	and emplo	yee ben	efits for	the reporting period are analysed as fol	lows:
					2020	2019
Wages and salaries					116,728	138,088
Social security costs					5„262	7,382
Pensions					2,024	2,112
					124,014	147,582
The average	head	count of employees		during	the year was 7 (2019:8).The average	number of
full-time equivalent		employees	during	the year	is analysed as follows:
					2020	2019
					No.	No.
Administrative	staff				0.3	0.3
Operational	staff				4.4	5.4
					4.7	5.7


20.	Tangible fixed	assets
			Land and				Motor
			buildings		Computers	vehicles		Equipment	Furniture	Total
					F		F	E
	Cost
	At 1 Sep 2019		248,332		49,638		75,905	149,455	2,397	525,727
	Additions			5,189	1,924			38,515		45,628
	Disposals				(36,445)	(24,920)		(98,143)	(2,397)	(161,905)
	At 31Aug 2020		253,521		15,117		50,985	89,827		409,450
	Depreciation
	At 1 Sep 2019			7,449	31,284		67,101	119,824	1,484	227,142
	Charge for the
	year			2,535	1,922		2,133	12,833		19,423
	Disposals				(28,976)	(24,646)		(94,171)	(1,484)	(149,277)
	At 31 Aug 2020			9,984	4,230		44,588	38,486		97„288
	Carrying amount
	At 31 Aug 2020		243,537		10,887		6,397	51,341		312,162
	At 31 Aug 2019		240,883		18,354		8,804	29,631	913	298,585
21.	Investments
									2020	2019
	Market value at	1 September 2019							96,586	96,586
	Additions								37,973
	Disposals								(36,756)
	Net gains/(loss)	on revaluations			in the year ended		31 August 2020		832	8,703
	Market value at	31 August 2020							107,338	105,289
	Historical cost at 31 August 2020								92,151	82,829
	All investments	shown	above are held at valuation.
22.	Debtors
									2020	2019
	Trade debtors								2,135	80
	Prepayments and accrued income								4,845	4,740
	Other debtors								15,086	8,090
									22,066	12,910
23.	Creditors: amounts		falling due		within one	year
									2020	2019
										F
	Bank loans and	overdrafts								28
	Trade creditors								781	5,068
	Accruals and deferred		income						2,009	2,009
	Social security and other			taxes					3,569	2,411
	Other creditors								90,893	490
									97,252	10,006

			At					At
			31 August				Gains and	31August
			2019	Income	Expenditure	Transfers	losses	2020
					F	E	E
General	Funds		82,148	208,109	(188,513)			101,744
Investec	Investment	Fund	109,898	1,705	(786)		832	111,649
Fixed Asset Fund			298,585		(32,051)	45,628		312,162
			490,631	209,814	(211,350)	45,628	832	525,555

			At					At
			31 August				Gains and	31August
			2019	Income	Expenditure	Transfers	losses	2020
			F			E
Ansell Family Charitable		Trust		6,000		(6,000)
Barry and Peggy	High Foundation		10,000	10,000	(10,000)			10„000
Bideford Bridge Trust				2,000	(2,000)
Clare Milne			18,750		(18,750)
Devon Community	Foundation			20,000	(6,000)			14,000
(Ripple Fund)
Garfield Weston	Foundation		87,213		(47,585)	(39,628)
			115,963	38,000	(84,335)	(45,628)		24,000

						At					At
						31 August				Gains and	31August
						2018	Income	Expenditure	Transfers	losses	2019
						F
General	Funds					127,383	103,828	(149,063)			82,148
Investec	Investment Fund					100,279	1,640	(724)		8,703	109,898
Fixed Asset		Fund				281,420		(16,166)	33,331		298,585
						509,082	105,468	(165,953)	33,331	8,703	490,631
		Restricted funds		—2079
						At					At
						31 August				Gains and	31August
						2018	Income	Expenditure	Transfers	losses	2019
						E		F	E
Awards	for	All				9,800		(9,800)
Barry and Peggy Clare Milne			High Foundation			10,000	10,000 25,000	(10,000) (6,250)			10,000 18,750
Devon Community Foundation							20,000	(20,000)
(Ripple Garfield	Fund) Weston		Foundation				130,000	(9,456)	(33,331)		87,213
Hedley	Foundation					4,583		(4,583)
						24,383	185,000	(80,088)	(33,331)		115,963
		25.	Analysis of net assets between				funds
								Unrestricted		Restricted	Total Funds
									Funds	Funds	2020
									E	P
			Tangible fixed assets						312,162		312,162
			Investments						107,338		107,338
			Current assets						198,996	24,000	227,307
			Creditors less than		1	year			(97,252)		(7,252)
			Net assets						525,555	24,000	549,555
								Unrestricted		Restricted	Total Funds
									Funds	Funds	2019
											F
			Tangible fixed assets						298,585		298,585
			Investments						105,289		105,289
			Current assets						96,763	115,963	212,726
			Creditors less than		1	year			(10,006)		(10,006)
			Net assets						490,631	115,963	606,594