COMPANY REGISTRATION NUM8ER: 4055940 CHARrrY REGISTrATION NUMBER: 1082938 Wings South West Company Limited by Guarantee Unaudited Financial Statements 31 August 2021 THOMAS WESTcorr Chartered Accountants 47 Boutport street Bamstaple Devon EX31 1SQ Wings South West Company Limited by Guarante8 Financial Statements Yaar ènded 31 August 2021 Pages 1to9 Trustees, Annual Report (Incorporating the Directors. report) Independent examinets report to the Trustees Statement of financial activities (including income and expenditure account} Statement of financlal posltion Notes to the financial statements io 11 12 13to23 Wlngs South We8t Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Rèport) Yearend8d 31 August 2021 The Trustees. vtho are also the dlreclors forthe purposes af company law. present thelr r¥port and the naudited fin8neial slatsments of the ¢harity fDr the year ended 31 August 2021. ReforonG• and admlnlstratfv• dfjlalls R•gl•ter•d charSty nam• Wlng$ South We81 Ch4rfty règistration numbor 1082938 Company registration numb•r 4055940 Prlnclpal office and rngl•tor•d Bowood Hou offlco . Abbolsham Bldeford Devon EX39 SAX TnMt•• Mrs M J SavAe Mr8 V A Roa80n Mr C 8 Jon8s Mr l J Rogers DrSJLey Mrs A C Bow8er Chair of TFuJtse$ Appointed 20 S•ptember 2021 Found•r, CEO & Dlr•¢tor Dr P A Bow8er Found•r& 88cr•tsry Bank•r8 Mrs A C Bowser 8•rclays Bank PIC 84 High Street Bldeford EX39 2AL Uoyds 84nk Pl¢ 5 High Street Bideford EX39 Inve¥tEE w•aikn & Inv••tm•nt Limil•d 2 Gresham Street London EX2V 7QP Solleltorn Sejdons Solkitors LLP 15 The Quay Bideft)rd EX39 2EZ Accountsnts Thoma5 Westcott Chartered Accountsnls 47 Boutport Street Bamstaple Devon EX31 1SQ Wings South West Company Limlted by Guarantse Trustees. Annual Report (Incorporatlng the Directors, Report) (¢On&nu•dJ Yearended 31 August 2021 Structure7 govemancè and managomont Governing Document I￿n93 South West Is a Mmpany llmfted by guaranl•e, govemed by Its MenK)randum and Artid•8 of A8soclatlon and 18 also regi8terod wlth the Charty Commis$lon. ng8 South West is established for all such purpow as are recognlsed as tharita￿e by English Law and which are covered by the Memorandum and Artide8 ofA8sociatlon. Trustees are ielected on the ba818 of thtrir intefest8 In helping people lo have a fu￿re and a hope. p•rtfcularty those who are dT8advantag8d Socialty. academic8Hy. or by famlty clrGumstsn¢e8. TN3tees should be able lo ￿thIn the charity'4 objectives and actlvitigs and 8hould Gomplement xlstlng Trusle•s ￿th relevant exp•rtis• and time. Ttv$lee Induclion endlrnlnlng The contlnulng 8UPPOrt for tralning and dovelopment of Trustees Is always undor review. New Truste8$, who are elected by the Board of Trustee8. are recruited through volunteering. Introduction or by taryebng spgcfftc relevant experionce They arB given support and introduced to the Charfty In number of ways, ¢Jependenl upon th?Ir previous experignco and any prior involvement vAlh the Charity. Both inductlon and ongolng d8velopmenl may include refereftco to the many rrJsourco8 avallable from the Charfty Commisslon, Ilme spent wllh the Slaff, mentorfng and èxtemal tralnlng ObJe¢tlv•8 and actlvlt1•8 Obiectwes The main objectives of the Charity ar• lo help alleviate povety and distre$¥, lo off•r •du¢atSon end learnlng in a wide ¢onlext and to dellver recreational oppc*rtunllles pertieularly for dls*dvanlag•d p•opl8. In $peclfic contexts le.g. ehurcheg. •ssemblle8 el¢.} a further obleclive l• to hèlp explore 8SPÈCtg of th$ Christian falth. Actwitigs I'h• mAln *¢tlvM•8 in r¢latlon to the otyleoUV￿ ar•: The d•velopm¢nl and njnning of a community centre (the Wngs H•lll In the mlddle of Bld•ford that a180 offer3 youth clubs for young people, schools WO￿ vlth puplls who are dl$angaged and dlsabillty group, and-, Offerfng praclic21 work-based projects (motor mechanlcs. ￿nSe￿al￿On, Construction. 8port8, cutdo)r pursuits and mulUm¢dial and training wrth young people who are NEET (Not in Employmen( Educallon or Tralnlngl. adu118 who f•co d1fficul￿OS. and an ArAd?my, all at • so￿nd $ite on ihe outsklrt¥ of Bldeford. Rlsk M8n8gement The TrusleL¥S of V¥5n9s South West (Wings) are responsible for identifylng and diTrcUng the potenti major risks assoclated with safeguardjng. GDPR. fin8nce8, recruitment and redundancles and all ic￿$ under which the charity operates. Wings South West Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors, Report) I￿nurtU•d) Yearended 31 August 2021 Obieethias and activltles (¢onthiuedJ Day to day r18k management devolves to the Management Team who are responsible for ensuring risk a892ssmenls are carried OLrt for all aclivrtSe5 and In implemenung thtr strategic dlrectlon set by the Trusloè8. Where appropAato. 8y8tèm$ gr proceduos have b••n establtshed to mlllgale the ri8ks the chaAty face8. Intetnal control rr5k8 are mlnimis8d by the Implementslon ot prDcedures for authorisation ol all transactions and projec19. Procedures a￿ in place to ensure compll8nce wth safeguarding and health and safety of staff. volunteers. parlicipants anij visitors to both centr& or off-slto artivities. Al procedures and policles are revlewed either annualty or every thrtse years to ensure Wngs contlnuos to meet tho need$ of beneficlaries and the r¢qulrements of the Charfty Comm18s10n. Publlc Benefft Tho Trusteos consider that the obiectwes of the Charty. 85 st8ted garfier. comply with the Charttles and Publlc Benetr. Suinmary Guidance for Charjty Trustee8 (Charities Act 20111. Tha Tru8lee¥ also unanimously agrep that the requiremènt for due regard io the Public 8enefft guidan￿ has b••n 88tisffed. Th• ovor811 alm of Wings 19 lo glve people a futur¢ and 8 hope by encouraglng posltlv• relallonshlps and offorlng tteative Ioamlng OPPOrtunltle8 that help develop ikllls, 8ell-¢$teem and canfldance. The Public 88nefft from Wngs Is that it largely works with di8advantsged young people are struggling at school. not in employment, education or training. young offenders lor at rtsk of offending) those who have ltraming disabl1￿e$ and adults expeTl8ncing dlfflcullies. Wings listens lo the needs of 811 th05e we work wtth, evalual8s what Inlervenliong ore most lik?ly lo work. puls In place relevant po$lliv• a¢￿vi￿¢S and 8oNl¢e$ and than moa8uro8 th• eff¢¢t of thesa on Ih•lr d•velopm•nl and desllnallon8. Achi•v•m•nts and porfomiancg Northem Dovon (North Devon and Torridgal 18 one of the largest and m¢8t dèprived rur81 areas in Ihe UK an¢Y the pr05pecl for economic and Soclal 8labllSty. let #lone r￿0very, ¢onttnues Ic) be unlikèly, particularfy the light ofth& PanderniG end tts ongolng lrnpacL Torrfdge in particu18r Is suffering as this district has had one of the lowest average household incom04 and one of the lowest GDPS In the UK for a number of yegrs. It is one of the fnjstrats'ng anomalles of the way the deprivation indices are calculated that tt lake3 into ac¢ount the Dosltive nature of th •nvlror*M•nt Wc I￿* in. AIthou4Th all wlio Ilv• h•r• aro grqt*fyl for th• beauly arouno u¥, financlal poverty remalns flnanclal pov?ty. The malorfty ol people Wngs work$ ￿th are facSng considerablo dlfflcu111•5 includlng rural deprivaliDll, 8 lack of employment or Iralnlng opportunllley, a s0¢i•l envlronmenl that pu$h88 Increasing numbers into a PDverty tr8p with concomitant risk8 ol offending and mental heallh issues, a marginalisation of those with l&•ning. physical or behathoural difficultfes and disabiliti88. and for those who are under 18, an educats'on system that does not Th, every pupll. Pandom As th1$ rgvlew 1$ belng wdtten, Ihe yoclal con8lralnt8 of the extent of th8 C*)ron8vlru8 pandemlc ar• belng relaxed. Like many part¥ of the UK this has resulted In increaslng levels ol Infections afthough thanks lo Ihe vaccinatlon programmes the Severity of the COVID-19 disease 1$ now, overall. relauvely minor. It Is somewhat ironic that having virtually escaped a dir¥t impact on staff and pathlp8nts over the previous tsvo years that durfny the past few weeks we have succumbedl Wings South West Company Llmitgd by Guarantee Tru3tees' Annual Report (Incorporatlng the Dlrectors, Report) f¢ondnu¢dJ Year ended 31 August 2021 Achieyemonts and performan¢e (contknu¢41 Howover, tt has been, and wtll be dlfflcull for everyone aeross the UK and the world for many more month5, 11 not years to ¢ome. The prwlous accounttng ye•r. lo the end of Augu8t 2020. w4$ a y•ar of tr￿0 holves - neer nom81ty trom Septem￿r 2019 to February 2020 And then the ThJrth￿t from ntsmiallty could have ever anticlpated from Marth 2020 to the end ol August 2020. The acco¢Jnting year belng covered by this report ha8 been somewhat more ¥table emotionalty whlle st￿1 seeing a f4vourable financial situation continuing. It Is worth renecting Bg8ln that when the p4nd•mlG lo the dosurn of •ll Wng8' 8Ctlvrtl•8 on the 20th March 2020 that our exp•ctsttion• VMTO th•t If the clojure lasted a lew nTrJnthJ thon we wDuld be Able to iurvlvo, but that JI tt went on any long•r thon WYJ would •rt to oxpedenca ffnand•l dlfficutrJa8. The fact th4t two years l•ter Wngs remalnfj fln8n¢lally robu41 Is • tesllrnony to tho unprecedentod systems and 8UPPOrt wt In pL•ce by th¢ Govemment and Charitles, and to the generosity of Indlviduals and donors. As already mentioned. the Iwo Wngs. centres and the 8clivitie5 tsksng place in them were closed down In sta9e8 during March 2020,. fir¥lly, those ¢onnecled wlih lelsure, sport and sedal Interactions, Including our Unity (those wlth diJabllili&sl Community, and then flnalty tho Academy for young people struggllng cr &xcluded from School. On the 23rd M•rch 2020 both slle8 were cto$ed and all staff fvrfoughed. Wè were able to ac¢es$ the Govemmenvs lob retantion scheme which ¢ontrtbuted 80% of salaries, for which we are axtreme5y grateful. Thanks lo an $d￿￿Onal grant from the Barry and Peggy High Foundation 'to do the right thing. the Trustees agreed to top up the remalning 20% of stafPs 58larte8 and also lo support our regular 888slonJl worker5 would otherthe have lost their Income. 11 l¥ soberfng lo Ihlnk that vAlhln 8 g•neratlon {In faet1888 Ihin hvelve ye8r8} we have experienced a financl81 orfs58. first emerging in America In 2008. and then a second financial, health 8nd social crisis due lo SAR&CoV-2 In 2020. Ironically. although In the reverse order. the same happBned a hundred years ago w(th the Spanish 'Flu Pandernic and then the Great Depression. As we, hopefully, 81art lo emerge from this crisis the lancI$￿pe wll have chang￿, bul like everyone 2188 we do not knowwhat rtwill look lik•. Thanks to the Barry and Peggy High Foundaljon we completod a six rnonlh Communlty Needs Regearch Project that evaluated current and fiJlur• ng•ds and explored what had Changod ¥lnce befor• the pandomlc. Some K•y hlghllghts are qlv•n latsr In th1• rtrport. Gen8r81 Upclate Thè major1£130.000) grant from G8rfield Weston's 60Lh Anniversary Funfl, which Came through in Oet•b•T 2018. wa• uoed tr• rrfurblah aftcl exten¢J rha fAEiiitl•S *f $lt••, b*ing oompletad In Fet*ruary 2020. The indoor crfcket nels wtrre th• last area to be refurbished and opened for iwo weeks, before beSng closed du8 to the flist loGkdownl Our own 20th Annlversary was In Octob&r 2020 ond the Garfjeld Weston grant seemed lo be of even gr•ater slgnfficance as they weitr one of the very fir8t ch8ritle$ to Ilnan¢lalty support the th•n nwtrftjunded Wngs. Together wth many other chairties in the UK that delivgr vti81 front4ine gervtces. ar￿ even before the curfenl crfsis, Wngs was faclng the negr'perfect slomi. of trying to deal ￿th IncTea$lw needs (numbers and sevorrtyl,. yot IMth a decrgaslng leval of fln8nctal r•$ources. To help counter th1$ cenario we malnlalned low ovethead costs and ¢affjfiJlly managed salaries and expectation$ of our bsvnderful staff who gtve so much to the children, young people and adults we work with. Wo also kept looking lo diversify our income streams away from the tradrtional grants route. partiGularty via partnership working and hiring of our facillties to schools and sports dub5, although the L4tter abrupily slopped due to the lockdown. Wrth the recent closure of lo¢al chaittres we antF￿pate there wtll be even mate uiimet neerjs thattogether wth others we may bo able to hglp address. Wings South West Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dlrector3' Report) {¢onthtxdJ Year ended 31 August 2021 A¢hiev•Jnents and perfonnanco (cth7tinuedJ ng8 15 a faith-based Organisatic￿, and where young people choose to explore lhis part of thelr live8 then under nomi81 clrujmstances È number of opportunltles ale made available throughout the year Indudlng small expk>ratory group¥. camps and weekends away. These were ￿$0 811 pul on hold and are lo rtrstarL PrograMn￿8 Historically, Wngs has been a youth-based organlsatlon. Although this remalns a core focus, particularty wth those aged 11 to 25, over the past Itvè year¥ we have been increaslngly drawn to working with other di8advanlagèd groups where relallon$hlp building and the use of our exisung axpertlse. facllllles and •quipmenl ha8 been mu¢h needad, and r￿Uested. Thls has beèn most apparent In our work with indivrduals Nwith188mlng and physical disabllllies (the Unity Community) and ¥￿th those experiencing long temi unemployment due to underlyrng Issues. Includlng addictions. Compared lo len years ago there havg been SIgn￿cant changes in Ihg youth ￿rk 8e¢tor. p?rllcularfy for charities like VVlng$ ￿81 work %Mth a broad rnng? of indSviduèt8. Our8 has very much been a need¥- drSvon 8tr818gy and although At times11 seomg lo b• a p8tchwoth of prolecls, th•re are.¢ommon th8me8 of care, Sofeguardlng, r¢1811onal youth work and provlslon of practleal. empowerlng 8cttvltl•s that help improvo an indlvidual's confldenca. 8elfosleÈm and roslllenee. Our atsff and se8$lonal V•vrf(erE are our gre8lesl assel and they are rde models off¢rlng hope to many children #nd youNJ people every year. We are now exploring posslbly the next Stage of our development in either becoming • fom741 alternallve prowder, wlh fijndlng from Devon County Council, or even a school. Twenty years ago, Wngs stsrted by cper4tlng tradilk*nal youth ¢lubs but with a ￿81 of b•lng a Cybor Café where ¢hlldren 8nd young people could gel together and '$tumbl8' on computers and how to Uge them In a safe and secure environmenL Unbelievably we often had up lo 140 attendees per nlght but gradually as computers In the home arrlved and, more recently. the advent of mobile phones y￿th slgnincant ¢omputing pow¢r and social media links. face-ltrface frrendships and activ￿0$ compgtsd W51h vlrtual Interactions. Number5 in youth clubs across the county dwlndled. Perver8ely, in the eighteen months b8fore the first lockdown attendanc69 8t the youth club$ started to rBach foty young people per night as boln9 logelh&r started to soe a rgna1s8an￿. Although our focLTS PO¥t lothdowns ha¥ betsn on opening up the Acadtmy lour North Devon Coastal Academy) and Unlty, we are now explorlng If and how we could offer a more tredtbonal youth work Setting driven by the curronl needs And wl$h•s of 10 10 15 year olds. Wngs has continued to deveiop a rnulU-fa¢eted fundinu mod•l includAA p•th•r¢hip Kvwking lo¢•1 Buthorib•*, ch4rtti•B, 4oeial •nt•rpri•••, hlrin9 oul kniliti•• and Eurvp*4n mon￿. A cru￿1 stap to belng $•en an 'altem8tlv• provid•rf was tho l•unth of our North Devon C088tal A￿d*mY (NOCA) In S•pl•mber 2017. It8 prlnclp81 aFm rem•ln8 to offer a n•w tyy of vocatlonal tralning for 16 10 19 year old8 who were not on98glng, or would be unllkety to engage. vAth maln*tr•am. or •ny othw for¥n, of •duGalion. This approach ha8 also hojped uy to better ftjrmulate and expre88 to others {Individu#l$. lamllles, schools. other organl&itton8) our role as an allemative provlder (we Are wlstared w'th the Depath)ent for Educallon). particularty at a timt when there are growing ljudgetsry and regula conslraSnts acro￿ the board, including at 8 local authDrty level. Th• cour¥• is regularty being talthd vi# personaN$atlon, a8 Votll a$ dellvering ac¢redilalk)n and funcllonal sk1118 Includlng English •nd Maths up to Level 2 In partner8hlp ￿th Petnx Coll•9• for the past tsvo years. The Academy start•d it• ftfth year In September 2021 and we have vgry rttentty added a lurthor Intsmally built clu4room in Lendon Barri. Wings South West Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Dlrectors, Report) f¢onVnu Yaar andod 31 August 2021 AChI￿Orne￿ts and ￿rfOrnia￿eO (e•nthu8 Having made $ignfftcant progress in the work vAth those y￿th leaming and physical disabilittBs at a post 1818vel {Unlty} there was the potenti81 to 9uddenty hil a brtck wall with the ffrst lockdovm In March 2020, as the group Inclijded many with health vulnerabilitie$ and so all face-Io•fac¢ activities ¢eased Immediately. Th8nks to government support and various coronavlruq ¢risi$ funds we were able to quickly set up on-llne 8e85ions Induding qulues, talent ghows. theat￿. craft. )l¢ness and the opportunty to socialise wrth each other. albeit virtually. We were ev8n Able to offer a ChFlstmas meal with acttvitieg in their own homes vla a socially distsnce and sanltised Wlng8 delivery service. and then an on-llne partyl These vlrtu81 sessions ¢ontinu$d untll Novemb•r 2021 when ￿ wore able lo stsrt fac<rface meeting¥ agaln. Before the ftr#i lockdovm, m8mber8 of the Unfty Communty continued to •nloy a varlety of outdoor pursuits and 3POrt8 lerfckeL tennis. fitnes$} as 4%*11 as circle-llme (8harlng what ha$ happened tn the pa81 week and fvlure plan8}, craft. talent conle8L muttrmedia aThJ soclalising. The work is now conlnuino and expanding wtth more vislts planned and a new senJDry mom just belng opened. Wg 11 continue to look for further partnershlp$ wlh p8rents, dlgabillty organisat(ons, schools and ¢harflie6. We are"delJghifjd that the Clare Milne Tru81 again agreed ta Support th• Unlty Communty. We are 8180 keen lo explore how lo help tackle the ¢oncomttsnl mental health i88u•s of anxlety and depression faced by many Individuals with disabilitle8 as tris is often not understood and certainly under-reportetl pertially du2 lo an understandable focu8 on their primary ¢ontJition. However. res8arch from others. and our own increasing obseTvab"ons, suggests that thelr primary disabllilie# ere a norm forth&m ond Jt15 8fLXtety and depre$8lon that significanuy affeGts thelr quality of lrfe. Ourwork wth NEEf8 (16- 25 year old• not In •mploym•nt. éduc•tJon or tralnlng, and thosa who •r• 25+) ¢ontlnue$ under o 'Project Plope, banner, In part gUPPOrtod by Petroc College'8 Communlty 8uppart programme. However, duo lo the incre8slng 'lnvlsibility' of NEETS and Iheir18ck of motivation lo engage wrth any programmes, plus the lockdowns that have 8ffe¢ted DWPlJob Cantres and fac face meetings. thls inlt'ative now lend8 to be much slow and harder th8n we have prevlousty experienced. As mentioned In1081 yeavs repc*rt, we wer• prtr•cUvely •pproiched by tha Devon Communlty Feundation l$pecific2lly In r•l•tlon lo Th8 Rlppla Fund) &bout bèing part of a naw lnrtlgty.va they weré consldèrfng, in Wcirking young oeople who were in or about to leave the ¢are system- now known as 'loox8d-8fter children.. PJ.aving always worfrted vitth such chlldren. elbelt on In ad hoc basis a$ th8y c2m8 alon9, we were pleaseo to successfiJlty bid Into thij Davon-wide project and trdin coun8ellors lo b• abl• to Speciallsa in Drovidln¢ th•rapy to chlldr•n •g•d 11 to 18. Tho lund• •1¥ •upwrtod youn9 pwpl• wno were au•naing me A¢aaemy Dr Jome ofthe other InstiatsvEs P4rUy du• 10 tho lockdowns, nLrmber¥ knpre low•r than expected and VJ the l•ngth o1th8 proleGt extended although udly we were not ablo to complete th8 pffjlect p•rUy due to la¢k ol rèforrall. Wtr have been concemed that #ome ofthe rn￿t vulnerabl• young people in society find them6elve8 even more Isol¥led when foster platements break down and thoy move away from a location and even outsld& of tho county. At a lime when Wng$ and similar organisatlons have becom• a lrfeline and a type of Yamity,, the effects of such breakdowns can be devastating. Th18 load8 onto 8 nK*re general ditemma wtth those chlldren and young people who are most vulnerable, Includlng lookod-after children, Ihat are not always well served by framework8 fhat are meant to support them. Unregulaled'homes'l accommodation for children are currently urtder conslant rèview with many providers seeming to be drfven by finanrAal gaift. wtth very Irtme 'care'. The same- a180 true of 'aJtemative providers. where the￿ seems to be Iitue regLtlation, although as this ￿pOrt is being written. the Department for Education Is beginning to produce proposals for more rig(￿u5 cx)nlrol of quality of provision and safeguarding. As ￿ngS attempts lo break into becoming 8 preferreLI altemative provider we welcome this belated move Into protectin9 tho m08t vulnerable and givlng Ih•m a genuine future and hope. Wings South Wast Company Limlted by Guarantee Tru8tees' Annual Report (Incorporating the Dlrectors, Report) fconthu8dJ Year ended 31 August 2021 Achlevemonts and perfomance (conthuod) The Stxial Research Project SUPkYJrted by the Barry and Peggy High Foundation threw up some early fascinating, although perhaps not surprising findings aiound isolation and worsening of mental healt issues. Perhaps what wag more shocking wa8 that the Tr$ult8 of menial health issues, such as self- harm, were belng seen more than before In Primary 8Ghool$ and that local teachers in partlcular were trngollng with re811ience and an almost oven•thelming pressure lo succeed In unprecedente¢Y c¢rcumsLknGes and pressures. Immedi*ely prior to the first lockdo4vn we had slarted working with 'socral prwcrtber8', part of a new Government in￿a￿"Ve, who were ba¥ed at GP surgertes. The awn was for them to be ab￿ to tske a more holistic approaGh to healthcare and wetrare and lo prescribe activities. such as fltness, gardenlng elc. in place of. or in conjunctlon wth, pre8crfbed medicino8. Sadly, the severlty of the pandemk and the pressuw on the NHS. includlng doctor5, 8urgerf88. affe¢ted how th18 Inlllallve developed. As part of our Soclal Research Project we had meellngs the four locally based soclal pre$criber3 lo evaluate needs and opportunities and we hope th18 relationship will contlnue to develop as the'dust kgins to ststtle, on W)8t has been the most tumultuous two years that most of u8 have ever faced. As national reS￿r¢h analyses of the soclal impact of the pandemiG began lo emerge and be publlshed It w•$ encoutaging lalbelt wlth dlsturbin9 ffndingsl lo find 117al our researth paralleled those re8utt$. G8nlr88 The Wlng8 Hall remalns central to a numbar of acttvities although duo to the pandemlc it has not beon widely open lo groups, apart trom Unity, sln¢e March 202LI. There 1$ currentty the posslbilTty that it m8y become the Ukralnlan Hub for Torridge, suppDrting families di8pla¢ed by the tragic Wdr in Ukrainft. The 8e¢ond Wings centre {L•ndon B¥ml al Abbolsham. on the outsklrt8 of Bldelord,18 th• prfnclpal base for the m8Iortty of pradcal courses ￿th thcse who are 8truggllng li school. These practlcal Inltlalivas Include motor mechanics, Gonservalion, conslrucllDn, sports, fitness, outtlcor pursuits and mullimedla. It is also the home of our Noth Devon Academy. The 5ti11-1o-beknre8lised purpos&b￿lI1 Youth. Sport8, Enterprise and Community Centrg, to be known as Thg 8rldg¢ Centre, 1$ stlll waitlng for a polenJal 881e of land lo Wn98. although Ill original fundef8 h•v• now wlhdr•wn thelr pledges due to Ihg prole¢V8 ongolng un¢ertainty. Support As to the ftjture of rts current 8nd potentlal acbvthes. Wngs is very fortunate to have 8 profe55ional and p9ssl¢nate team of staff and $055ion81 workers who arè well sUPPOrted by èxce]1gnl TrusteaB. voiuntevrs ana Dtn•r organiBwtJon¥ th4t ¥ro J•eklng to h•lp %JioadvanLa9ed chll(Eren, young Peop￿ and adults rfjach their fvll potsntial. Sue Ley has recently loined as a Trustee and brfngs 8 wealth of •xperlence a$ a fomi•r Doputy Hoad and Schools. Insp•clor. We 8180 want to Celebrate the retirement, on the 31•t December 2021. of one olthe founders of Wngs, Anne Bowser. Allhough she remain5 a Trustee, Anna has bèen the organlsaJonal brain behlnd Wings and the 'Queen of Plannlng.. Through wlsdom and inslghl. and $acrifice and empowerfng others. Anne has embDdled everything good aboLrt Wings and ￿ are very gratelul for her playlng a significant role wfthin Ihe charrty. Tho Importance of volunteers to Wngs has ahvays been hlghll9Med since tha chartty w88 flist ftymed almost 20 year8 ago, and we do $0 agaln this yeaf. AS well as individuals, we are Indebted Agatn this year to many otganl8altons and charrties forfinanci81 Suppurt InclLtding Gar￿eld Weston, Devon Community Foundalion (Ripple Fund), Barry and Peggy High Foundation, Clare Milne TrnsL Ihe churches of Sl Mary's. Abbol8ham B8ptisl and Grosvenor, and many local s¢hoo18 and colleges e3pecl81ty Martand, Hlqhgate Hill House and Petro¢ Collège. Imthoul their support and the confidence they show In Wtngs we would ha¥¢ pchieved nothlng. Wings South West Company Llmited by Guarantee Tru8tses' Annual Report (Incorporating the Directors, Report) (cgot Year endod 31 Augu8t 2021 Flnanclal r•vl•w R88uks During the year the Charity has achleved total in¢pming resources of £299.037 (2020 £247.814} of whl¢h £153,241 (2020.. £38.000) related lo restricted funds. The total resourceg expendod for the year wa8 £214,476 12020 . £305.685) whlch resulted in nel incomlng re¥ource$, bef¢)re Investrnenl gainsllo$ses of £86.04712020 = nel outgoing resource8 £57,817). A gain.on revaluation of the year ond mi&polnt valuatlon of the Inv88tec Investment fvnd amount¢d lo £743 (2020 - £832). Total fvnd8 81 the year end stood at £634.85912020 .' £649,555) with £27,04112020 .' £24.000) shown as r•$lricted and £607,81812020 . £525,555) a8 unrostrlcled. Reserves The Tru8lee¥ continue to s¢t a re$erve8 wt¢y that ￿11￿¢15 the be81 inter¢8t of ihè Charity and rt• btneflcSari08. Trustees regularfy monltor re$erye levels to en¥ure effecllven¢$s of the pollcy In th8 light of ¢hangin9 risks. The Charty aims lo hold slx month8 oper8ttng r88eNe$, vthl¢h equats$ to Ofound £150,000. hen reviewing unrestricted fiJnd$. the Trustee8 remove fvnds held as tangible ffxed a830ts from n8Sderatton 48 ft is not deemed lo be readlly Avallable fundy. The totsl of unre5trict•d fvnds. excluding tangible fixed 88sets, 8$ al 31 August 2021 was £305,04612020 '. £213.393) Plan• for futurn p•rl¢d• I the current Involuoble work ol Wlngs vAth chlldren, young people and adults, and the financlal pressures created by the economic drfficulties and now the coronavirus tha￿ Is little doubt it Is a time of congidgrabl¢ transkion for the Charity. In order lo surwve, and even grow. tr*ere are Six key arna$ ng$ 1$ focusing on. and investing in, namely= •t•fting to, identtfylng 2nd actln9 on th• 9rovAng n•&ds ot chlldrèn, young people and adults. partlcularly where therelg dlsadvanlage Identifying local SGhools and other r*rganisations wh8re joint Initiatives would be of valtse In benefiting chlldren and young p•ople H¢lpln9 to facilltate Gommunity engog•m•nt In addr•ssln9 loc•l188uu including unemployment and lack 01 occupation - Bjd wrffjng and bultdlng p•rtner8hips wkh exlBting and new charlties wlth whom ￿￿ng$ sh•re $lmllAr obleGINgs - Coordinating $upport from local. natlonal and tntem*ional companles 8nd chariti88, p4rticularfy in refation to The Brldge Centre - Havlng robu¥t Flnancl81 Systems and G0veM•n￿ rwl•w8 Dr P A Bowser Chief Executive Offlcor April 2022 Wings South West Company Limited by Guara Trnstoes. Annual Report {InCo￿oratIng the Diroctors, Report) (C￿￿1￿1￿) Yw ended 31 August 2021 The Truste* annuat rom wa5 8pproved on 11th Awl 2022 and 8iwd on behall of thè Bo8rd of TnJste8S OL rustees Wings South West Company Limlted by Guarantee Independent Examinevs Report to the Trustees of Wings South West Year ended 31 August 2021 I report to the thjstees on my examlnation of the fin8ncial stataments of V￿￿g9 &)uth West cthe tharityryfrjr the year ended 31 August 2021. R•¥ponslbllltlo1 and ba•ls of rnport As the tN3teeg of the company (and also fts directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requiTements of the Compan188 Act 2006 {Ihe 2006 ACY). HavÈng 88tisfied myspjf that fho accounts of the wmpany are not requlred to be Judited undar Part 16 of the 2006 Act and aw ellgli Jlo for Independent examlnatlon, l ￿pOrt In respect of my examlnation of the charfly's accounts a8 carried out under section 146 of the Charjlles Act 2011 (the 2011 A¢l'l. In carying out my examSnatlon I hav? followed the Dlrecllon8 gtven by the Charity Commisslon under #edon 14515){b) of the 2011 ACL Ind•pendent •xaminerf$ 8tat•m•nt Sln¢e the chaty'$ grosg Income exceedod QS0.000 your examlner must bts a mèmber of a body 118l•d In s•¢tlon 145 of the 2011 A¢1. I confimi that l am qu*lMed to undertake thè examlnayon because l am a member of the Institute of Chartered Aecounlants In England and Wales {ICAEW). which is one of the118led bodle$. I have completed my examination. I confimi that no matter¥ hav? Gome to my 8ttention in connection wlh the examination giving me causo lo belleve: 2¢¢0unting ra￿r￿S were not kept In re8P•Ct ol th• cherfty as requlrod by 88ctlon 386 of tha 2006 Act,. or the financial statements do not a¢¢ord with those records; or the financial statements do not eomply with the accounttng rfjqulrements of 8ection 396 of the 2006 Act other thin any r&qulrernenl that the aetounts giv• a 'tru¢ and fAIrf vlew whlch li not a matter considered as part of an Independent ex*mlnalion', or the ffnanclal statements have not been prepared In ¥ccord8nce with the methods and prinThples of the Statement of Recommended Practice for accounting and repo￿ng by charityes appli￿ble lo charities p￿parifi9 their accounts in accordance wlth the Flfian¢lal Repoitin¢ Standard applicsbl• in th• UK Rgpubli¢ Qf Ir•land IFRS 1021. I no ¢oncems and have ￿)mO acro88 no other matters in connection tho ex4minatton to whlch attenllon shoLFld be dfavffj In thi4 report Fn order to enable a proper und•r8tandlng of the accounts to be reac*ed. Catherine W711iams ACA DChA Independent Examiner Thomas WgStCOEt Chartered AccounlAnts 47 8outport Street Bamstaple Dfjvon EX31 ISQ 10- Wings South West Company Limlted by Guardntee Statsment of Flnanclal Actlvitles satisfying the revenue recognltion ¢rileda, they are recogn￿ed ag a Ilabllty. Financial instrum•nts A f5nancl81888è1 or a financial liability Is recogniied only %then tho •nllty becom•8 a paty to the contra¢lual prcviiionB of the In3trum•nl. BasiG financial In81rumentS ore Inllially reGognised al the amount receivable or payable including any related transaction costs. unless the arrangement constituies a ffnancing transaction, where rt is recognised 8t the present value of the fijture payrnents dl8counted ot a market rate of Intere4t for a ¥imiiar u¥ot In8trumeni. Current a¥Jets and ¢urrenl Ilabilitl•$ •r• iubsequenlty meesured at the cash Of Other eon8ld•raUon expe¢tsd to be pald or recefved ind not dla¢ounted. Dollned contrlbutl¢)n plans The pension c08ts charged In th• firbancial statements represent tha contrtbution payable by the TnJ8t durlng the year. 15- Wings South West Company Limlted by Guarantee Notes to the Financial Statements i¢onthwdJ Year ended 31 August 2021 Llmlt8d by guarantee ngs Soutr West18 a company Ilmited by guarantee and acco￿1ngIY does not have a sharè capital. Every member of the ttompany undértakes to wnlribute such atThJunt as may be required not exceeding £1 to the a￿ets of the charitable company In the event of its b&ing wound up whlle he or she 1$ a member, orwtthln one year after ho or she ¢¢aBe8 to bo a member. Donauons and hgacl UnTrstricted Reytricted Funds Totsl Unrestricted Restsicled Total Fund¥ Fund$ Funds 2021 Funds Funds 2020 Donatloni Donations including Glft Atd Grants Abbotsharn Baptlsl Church Ansell Famity Charttable Trust Amold Clark 81deford Bridge Tru81 Barry and Peggy Hlgh Foundation Chadlie8 Foundallon C18re Milne Trust Orvon Communty Foundali¢)n (Rlpple Fund) Garfield Woslon Foundatlon Gro$venor Church elherlelgh Rotary Club Maurice and Hlld8 Lalng Trust National Lottery Communty Fund P￿R0¢ Community Grants Sported Foundation St Mary's Church T8*cc 88g$ ol Holp Unlson North Devon and Torddge 18,238 18338 31,540 31,540 750 7JO 750 760 6.QQO 6,000 800 500 20,000 26,435 12.500 13,152 2.000 10,000 20,000 26,435 12,500 13,152 2.000 20,O¢Jo 10,000 20,000 20.000 30,000 30,000 soo 500 500 600 5.000 37,200 9.750 4.204 37,200 9,750 4.204 5,000 1,600 1,000 1,000 1.500 500 500 UK Govemmenl COVIO Grants 80.979 60.979 SA.402 69.402 81,987 153.241 235,208 109.192 38,000 147,192 -16- Wings South West Company Limited by Guarantee Notes to the Financial Statsments (¢MfjTru•d) Year ended 31 August 2021 Othertrndlng acllvilies Unrestricted Total Funds Unrestricted Total Funds Funds 2021 Funds 2020 Caurses and a¢t1vI￿e9 Hlre incom8 Trax income D158bilty enabllng North Devon Coasts1 kademy income 6,799 1,075 5.401 10.576 73,083 98,914 8,799 1,075 5,401 10.576 73,063 98,914 2.719 2,719 59.602 59.602 82,321 62.321 InvMtm•nt Incomg Unrestricted Total Fun(ts Unrestslcted Totsl Fund5 Funds 2021 Fund8 2020 Income from list•d Investment8 Bank Interest rrfetvablo 1,507 1,507 1,705 1.705 1.508 1,608 1.708 1.708 Snv•¥tment m•nag•m•nt costs Unreslricled Total Fund85 Unr•81ricted TOL91 Fund8 Funds 2021 Fund8 2020 Investment management fe86 682 682 660 860 Expondltur• on ¢harltable agtlvltlel by fvnd typ• UAresLlcled Fund¥ Restrfcled Total Fund¥ FLinds 2021 Charftabl¢ Work 8upFQn 142,178 209.7S4 5.040 15,040 213,794 71,616 142.178 Unrestrfcted Fund¥ Resblcted Total Funds Fur*Js 2020 Charitable Wo Support C05ts 125,976 4,714 130,89Q 84.336 210.311 4.714 84,335 215.025 -47- Wings South West Company Llmited by Guarantee ' Notos to the Financial Statsments (¢onth Year ended 31 Augu8t 2021 10. Exp•ndlture on charitable activRlo8 by activlty ty Athitteg undertaken dSrecUy Support costs Totsl Funds Total Fund$ 2021 2020 Ch¥ritable Vlork 208,754 5,040 213,794 215.025 11. Analy•ls of lupport Golts Ch4rftabl• actfv1l1￿ Total 2024 Tolal 2020 Staff costs Accouniancy 2.938 2,102 2.93B 2.102 2.663 2,051 4,714 6.040 S,040 12. Oth•r •xyndltuM Unrtstrjcled Totsl Fund# Unrestrlcled Tolal Funds Funds 2021 Funds 2020 Donation repayment 90,000 90,000 13. Taxatlon Th? charity's acitvitleg fall withln the exernptbn8 afforded by the provision$ of the Income ènd Corporation Tax88 Act 1988. Accordlngly, Ihere Is no tsxatton charge In these accounts. 14. N•t gar￿ on Inveotments Unr•$lrfcted T¢t41 Fund• Unrgstrlcted Totel Fundg Funds 2021 Funds 2020 Gainsloosses) on other Investment assets 743 743 832 832 18- Wings South West Company Limited by Guarantee Notes to the Financial Statsments {¢onthu•d) Yearended 31 August 2021 15. Not Incomelloxp8ndlture} Nel 1ncomellexpendt￿￿) is stated after chargingllcrediting).. 2021 2020 Depreciation of tsnglble fixed assets (SurplusYLoss on dlsposaj of fixed ￿Sets 17,411 19.423 (12,628) 16. Indopfrnd•nt •xamlnation f408 2021 2020 Fees payabie to th8 Independent examlner for. Independent examination of ts financial statements 2.102 1051 17. Staff The total staff ¢o$t• and •mploye• b•nefft8 for the reportlng period are analy8ed as follow8.. 2021 2020 Wages and salaries Social securfty ¢08ts Penslon¥ 126,622 5.159 2,121 133,902 110,728 5,262 2,024 124.014 The average head count ot employees during the year was 712020.. 7). Tha average number of fvll-time equlvalen* employees during the yoar is analy8ed as follows: 2021 2020 No. No. Adrnlnlstrafve 8tsff Oper8llc*nal Staff No employeo receThi?d employ99 bfjnettts ot morts than £60.000 during tho y#*r P020: NII). 18. Trugt•o remungratlon and •xpgn8 No remunèration or other ￿ne(￿S from •mploymont vlth the Charfty or relat•d •nW were received by the Trustees. wth exceP￿on to Anne Bowser for her role as EdLtcation & Tralning anager as dl8closed in note 19. 19. Relatsd party tran*aGdon Durlng the ye8r, the charity (88 8 Company Llmlled by Guarnnle81 p•ld rnmun&raY¢Jn under employment contract to tis Iwo Foundlng Directots. Paul Bowser received total remuneratton lincludlhg employers, national insurance) of £18,905 12020.. £13,417) for hFS role as CEO and Anne Bowser recetved £10,490 (2020- £7,318) for her rtsle as Education & Training Manager, both of whom Bre employgd for Iheir relevant expertlse and experience for th¢8e posts. The5• appolnlments and remuner81ion$ are perniitted under the Artlcleg arÈd Memorandum ofwings SouY7 West 19- Wings South West Company Llmited by Guarantse Notss to the Financlal Statemgnts (¢wUnu¢d) Year 8nded 31 August 2021 20. Tangible fixfjd assots Land and bvlldings Computers Motor vehicles Equlpment Total Co8t At 1 Seplemb8r 2020 Addibons 253,521 15,117 4,843 19,960 50,985 1,395 89,827 1.784 409,450 8,022 417,472 At 31 Augu¥t 2021 Deproclatlon Al 1 September 2020 Charge for the year At31 August 2021 Carrying amount At 31 August 2021 At 31 August 2020 253,521 52.380 91.611 9,984 2,483 12,467 4.230 2.358 8.588 44,588 1,949 46,537 38,486 10,621 49,107 97,288 17,411 114699 241,054 243.537 13,372 10,887 5.843 42,504 61,341 302,773 312,162 6,397 21. Invutments 2021 2020 Maritet value at I S•pternber 2020 Addlllons DlsptsJalJ Net g•lnsl{loi#l on revalu•llon8 In the year onded 31 August 2027 Market valuo at 31 August 2021 107,338 29,029 115,692} 743 98.588 37,973 136,7S61 832 111.418 107,338 Hi$torfc81 cogt al 31 August 2021 All Invoslments shown above are hold 8t valuallon. 99,167 92,151 22. Dtrbtorn 2021 2020 Tr•dtt dokA•rn Prepayments arKI accrued inwme Other deblors 2,136 6,060 13,144 21,696 4,845 15,086 22,066 23. Crgditors." amounts falling dug YAthln ono year 2021 2020 Trade crodftor8 Accruals and deferred Income Soci31 securfty and other taxo$ other ¢redit015 211 2,060 4A99 1A49 781 2.009 3,569 90.893 8219 97,252 -20. Wings South West Company Limited by Guarantse Nots8 to the Financlal Statements {¢onthu Yearended 31 August 2021 Analysis of charitable fvnds Unrostrlctgd funds At 31 August 2020 At Galns 8nd 31 August lo$s85 2021 Income Expenditure Tran8fws General Funds Investec Investment Fund Flxed A88et Fund 101,744 111.649 312.182 525,555 144,288 1.508 (54,088) (799) (17.411) (72,298} 191,944 113.101 302,773 607,818 743 145.796 743 Separate unrethcted fijnds havg boen created to reprejerrtthe appropriate botsk values of both the Investment and tsnglble fixed assets held in the accwnts. Where restricted fLtnds are recerved for capttal expondilure and the expendlture has been fulty met and funds used, the r¢$lrlotlon Is dfjemed ts b• Ilfted and the ass•t valuè 1$ tr8n8fèrred to. and regard•d a8 unregtdcted, Mthln th& dèjlgnaled tan9lbl• Ilxod ass•ls fund from then on, Re#trictsd funds At 31 August 2020 At Galn$ and 31 AugU•t 108yeJ 2021 Ir>come Exp•ndlturn Tran8f•rn 81ry and Poggy Hlgh Foundauon Clare Milno Charities Foundauon Devon Communty Foundation (Ripple Fund) Garfeld Wg$lon Foun¢Jatlon Njlional Lott¢ry Communlty Fund PETROC (Project Hopel Sported Foundatson 10,000 20.000 12.500 26.435 13.152 (16,S87) 110,417) 122,6171 (27,1521 13,333 2.083 13,8181 14,000 30,000 37,200 9,750 4.204 120.000) 137,200) 18.1251 10,000 1,62S 14,204) 24,000 153.241 (142,1781 18,022) 27.041 Tho Bary and Peggy Hlgh Foundation havo provided a fvrthw annual gr8nt t￿rdS work wth dl$advantaged ¢hlldren and adults plus an addilional £10,000 unrestrf¢ted 9rant to support the charfty durtng th¢ COVltkl9 pandemi The Glare Milne Trust provided the 88¢ond ofthree years supportto the V*vrk wth the Unty Commun￿. TP￿ Devon Communlty Fund grant 15 part Of a Dev¢n-￿de prolect wlth 'looked-aftef chlldran Supported by the Rlpple Fund. All other Ilsted fvrKl$ represent other fully or party s*]sfie(I grant income in the year that haa been spent. All other fvnds induded here Tei*e to fundlng tavrards 6alarie5 of employee5 of the Charity or 8pecrfic purchasing of praje￿ resources. -21 Wings South West Company Limitsd by Guardntse Notes to the Flnancial Statements (¢onthu Y•ar ended 31 August 2021 2Q Analysis of charftable fund¥ (condftu unreStr￿tedlund$- 2020 At 31 August 2019 At Galns and 31 August losses 2020 Income Expendtture Trnn3fers Gener81 Funds Investec Investment Fund Flxed Assat Fund 82.148 109.896 298.585 490.831 208,109 1,705 (188,513) (7861 (32.0511 209.814 (211,3601 101.744 111.649 312.182 625,$55 832 45,628 45,628 832 Restrltttodlunds- 2020 31 August 2019 At Galns and 31 Au9Ugt 10s8e5 2020 Income Exwndrture Transfer5 Ansell Famlly Chadlable Trust Bary and Peggy High Foundallon Bldeford 8ridge Trust Clare hAlln8 Devon Community Foundation IRipple Fund) Garfield Weston Foundation 6,000 10,000 2,000 10,000 16,000) (10,0001 12,0001 118,750) (8,0001 10,000 18.750 20,000 14,000 87,213 147,5851 {39,628) 116,903 38,000 184,335) (45,828) 24,000 25. Analysis of n•t ass•ts batwfrtrn funds Unre$lrf¢l8d Funds Re8tri¢ted fotAI Fund8 Funds 2021 Tanglble 1xed assets Investments Current assets Crndltors l•Bs than 1 ya8r Net a880ts 302,773 111,418 201,848 18.210> 807,818 302.773 111.418 228,887 18.21•1 034,859 27,041 27,041 Unregtrlclod Funds Restrictgd Total Funds Funds 2020 Tangible r￿e￿ a￿etS Investments Current assets CredRors than 1 year Net assets 312.182 107,338 198.996 (97,2521 525.555 312,162 107,338 227,307 (7,252) 549,5SS 24,000 24,000 -22- Wings South West Company Limited by Guarantee Not&s to the Flnanclal Statements (¢onth Year ended 31 August 2021 20. Gavernmont Gr4nts During the year Ihg charity was the retipient of economic beneflls as a result of di8¢retionary and Local Restriction Grants. The total funds received trom the UK Govemmenl and rfjcognL8ed in other operating profft during the year WaB £33.528 {2020 .' £20,000}. 27. Coronavlru• Job R•t•ntlon Sch•m• Durfng the year the charity was the re¢iplent of economic 8$ a r88uII ol particlpattng In th8 UK Govemmenl'¥ Coronavlrus Job Reientlon Scheme. The total fund5 recognlsed on an a¢¢ruals b8si$ fr¢Nn th* UK Governm¢nt during the year was £27,451 12020: £39,402}. 18. Post Balance Sh•gt Ev•nt After the closure of the 2021 flnanclal y•ar, there V4•rn no O￿nI¥ that ¢ould have 8lgnm¢•nt ehcl6 on tho charlty'o financlal statements. However, it should be not•d that, at the dale of preparauon of the ffnanelal Jtatements, there was continued uncertainty relating to global heatth emergency from the spread of Coronavirus. Th18 lactor was considered as an event that doe¥ not tdgger adjustments to Ihe finanGial statements 6in¢? the effects of the UK gDvemment lockdown8 have become clearer. Tha chaty eontlnu88 to r•vlew and •v8lual• th• man•g•m•nt 8etlon• lo mlllgale thè Impact to Ihelr operations as dl8clo$ed In the Tru$lee8 ReporL The ch8rfty has adoptfjd initiatlves to safeguard the health of 118 people and gcuons alm?d al mainL71nlng operational actlvity- Any future repercussions on any adjustments to the financial statements are currenty not detemilnable In Ilght of the vclatility of the scenario and the conlilluous evoluUon of th• rnarkgt.