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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|
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|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|||
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||||||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|
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|||||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|
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||||||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|
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|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|
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|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|
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|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|||
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|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|
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|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|
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|---|---|---|---|---|---|---|---|---|---|---|
|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|
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||||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|
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||||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|
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|||||||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|
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