2022-08-31-accounts

						Pages
Trustees' Annual Report (incorporating			the	Directors'	report)	1 to 7
Independent examiner's report to the			Trustees
Statement of financial	activities	(including		income and
expenditure account)
Statement of financial	position					10
Notes to the financial	statements					11 to 21

Reference	Reference	and adm	inistrative	inistrative	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 MJSawle		Chair ofTrustees
					Mr D G Archer		(Appointed	19December 2022)
					Mrs V A Reason
					Mr C BJones
					Mr IJ Rogers
					Dr SJ Ley
					Mrs A C Bowser
Founder,		CEO &Director			Dr P A Bowser
Founder	&Secretary				Mrs A C Bowser
Bankers					Barclays Bank Pic
					84 High Street
					Bideford
					EX392AL
					Lloyds Bank Pic
					5 High Street
					Bideford
					EX392AD
					Investec Wealth	& Investment	Limited
					2 Gresham Street
					London
					EX2V7QP
Solicitors					Seldons Solicitors LLP
					15The Quay
					Bideford
					EX392EZ
Accountants					Westcotts
					Chartered Accountants
					47 Boutport Street
					Barnstaple
					Devon
					EX31 1SQ

					2022		2021
				Unrestricted	Restncted
			Note	funds f	funds 2	Total funds f	Total funds
Income and endowments
Donations and legacies Other trading activities Investment income				15,507 99,173 1,487	125,388	140,895 99,173 1,487	235,208 62,321 1,508
Total income				116,167	125,388	241,555	299,037
Expenditure
Expenditure on raising funds: Investment management costs Expenditure on charitable activities			8 9,10,11	900 148,062	94,562	900 242,624	682 213,794
Total expenditure				148,962	94,562	243,524	214;476
Net gains/(losses) on investments			13	(21,550)		(21,550)	743
Net income/(expenditure)				(54,345)	30,826	(23,519)	85,304
Transfers between funds				9,950	(9,950)
Net movement in funds				(44,395)	20,876	(23,519)	85,304
Reconciliation offunds
Total funds brought forward				607,818	27,041	634,859	549,555
Total funds carried forward				563,423	47,917	611,340	634,859

				Unrestricted	Restricted	Total Unrestricted	Total Unrestricted	Restricted	Total Funds
				Funds	Funds Funds 2022		Funds	Funds	2021
				2	2	2		2	8
Donations Donations including Gift	Aid			9,156		9,156	18,238		18,238
Grants
Abbotsham Baptist Church							750		750
Ansell Family Charitable Arnold Clark	Trust						500		500
ASDA					1,500	1,500
Awards for All					9,950	9,950
Bideford Bridge Trust Barry and Peggy High Foundation Charities Aid Foundation					80,000	80,000		20,000 26,435	20,000 26,435
Clare Milne Trust Devon Community Foundation			(Ripple		12,500	12,500		12,500 13,152	12,500 13,152
Fund) Garfield Weston Foundation								30,000	30,000
Grosvenor Church
Hatherleigh Rotary Club Moo Music Ltd National Lottery Community PETROC Community Grants		Fund		2,200	5,438	2,200 5,438	500	37,200 9,750	500 37,200 9,750
Pickwell Foundation					15,000	15,000
Skern Lodge Sported Foundation					1,000	1,000		4,204	4,204
St Mary's Church Tesco Bags of Help							1,000		1,000
Unison North Devon and	Torridge
UK Government COVID	Grants			4,151		4,151	60,979		60,979
				15,507	125,388	140,895	81,967	153,241	235,208

								Unrestricted	Total Funds	Unrestricted	Total Funds
								Funds	2022	Funds	2021
								2	2		2
	Courses and		activities					9,542	9,542
	Hire income Trax income							1,438 11,836	1,438 11,836	2,719	2,719
	Disability enabling North Devon Coastal Academy						income	4,518 71,839	4,518 71,839	59,602	59,602
								99,173	99,173	62,321	62,321
7.	Investment		income
								Unrestricted	Total Funds	Unrestricted	Total Funds
								Funds	2022	Funds	2021
									f	2	2
	Income from		listed investments					1,480	1,480	1,507	1,507
	Bank interest			receivable				7	7	1	1
								1,487	1,487	1,508	1,508
8.	Investment		management			costs
								Unrestricted	Total Funds	Unrestricted	Total Funds
								Funds	2022	Funds	2021
									6	2	6
	Investment	management			fees			900	900	682	682
9.	Expenditure			on charitable		activities		by fund type
									Unrestricted	Restricted	Total Funds
									Funds	Funds	2022
									2		9
	Charitable	Work							144,173	94,562	238,735
	Support costs								3,899		3,899
									148,062	94,562	242,624
									Unrestricted	Restricted	Total Funds
									Funds	Funds	2021
											2
	Charitable	Work							66,576	142,178	208,754
	Support costs								5,040		5,040
									71,616	142,178	213,794

Expenditur	e on charitable activit	ies by activity typ	e
		Activities
		undertaken		Total Funds	Total Funds
		directly	Support costs	2022	2021
		P	E
Charitable	Work	238,735	3,899	242,624	213,794
Analysis of support costs
			Charitable
			activities	Tots I 2022	Total 2021
				2
Staff costs			1,560	1,560	2,938
Accountancy			2,339	2,339	2,102
			3,899	3,899	5,040

Net gains on	investments
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2022	Funds	2021
				2
Gains/(losses) assets	on other investment	(21,550)	(21,550)	743	743

14.	Net income/(expenditure)
	Net income/(expenditure)		is stated	after charging/(crediting):		2022	2021
						2
	Depreciation of tangible	fixed assets				15,621	17,411
15.	Independent examination		fees
						2022	2021
						2
	Fees payable to the independent examiner for: Independent examination ofthe financial statements					2,339	2,102
16.	Staff costs
	The total staff costs and	employee		benefits for the reporting	period	are analysed as 2022	follows: 2021
						2	2
	Wages and salaries Social security costs Pensions					148,418 7,777 2,859	126,622 5,159 2,121
						159,054	133,902

19.	Tangible fixed assets
		Land and			Motor
		buildings		Computers	vehicles	Equipment	Total 2
	Cost
	At 1 September 2021 Additions		253,521 22,243	19,960 3,090	52,380	91,611 2,152	417,472 27,485
	At 31 August 2022		275,764	23,050	52,380	93,763	444,957
	Depreciation At 1 September 2021 Charge for the year		12,467 2,757	6,588 2,470	46,537 1,462	49,107 8,932	114,699 15,621
	At 31 August 2022		15,224	9,058	47,999	58,039	130,320
	Carrying amount At 31 August 2022		260,540	13,992	4,381	35,724	314,637
	At 31 August 2021		241,054	13,372	5,843	42,504	302,773
20.	Investments
						2022	2021
	Market value at 1 September 2021 Additions					111,418 7,745	107,338 29,029
	Disposais Net gains/(loss) on revaluations		in the year ended 31		August 2021	(7,763) (21,550)	(25,692) 743
	Market value at 31 August 2022					89,850	111,418
	Historical cost at 31 August 2022					100,419	99,167
	All investments shown	above	are held at valuation,
21.	Debtors
						2022	2021
	Trade debtors					4,075	2,485
	Prepayments and accrued income Other debtors					6,057 5,417	6,066 13,144
						15,549	21,695
22.	Creditors: amounts	falling due within		one year		2022	2021
						9
	Trade creditors					418	211
	Accruals and deferred	income				2,146	2,060
	Social security and other taxes Other creditors					25,462 2,452	4,499 1,449
						30,478	8,219

Restricted funds
	At					At
	31 August 2021	Income	Expenditure	Transfers	Gains and losses	31 August 2022
						2
ASDA		1,500	(1,500)
Awards for All Barry and Peggy High Foundation Clare Milne	13,333 2,083	9,950 80,000 12,500	(66,666) (8,333)	(9,950)		26,667 6,250
Garfield Weston Foundation	10,000		(10,000)
PETROC (Project Hope) Pickwell Foundation	1,625	5,438 15,000	(7,063)			15,000
Skern Lodge		1,000	(1,000)
	27,041	125,388	(94,562)	(9,950)		47,917

				At					At
				31 August 2020 2	Income 2	Expenditure	Transfers	Gains and losses 2	31August 2021 '9
General Funds Investec Investment Fixed Asset Fund		Fund		101,744 111,649 312,162	144,288 1,508	(54,088) (799) (17,411)	8,022	743	191,944 113,101 302,773
				525,555	145,796	(72,298)	8,022	743	607,818
	Restricted funds		- 2021
				Ai					At
				31 August 2020	Income	Expenditure	Transfers	Gains and losses	31 August 2021
					2	2			2
Barry and Peggy High Foundation Clare Milne				10,000	20,000 12,500	(16,667) (10,417)			13,333 2,083
Charities	Aid Foundation				26,435	(22,617)	(3,818)
Devon Community		Foundation		14,000	13,152	(27,152)
(Ripple Garfield	Fund) Weston Foundation				30,000	(20,000)			10,000
National Lottery Community PETROC (Project Hope) Sported Foundation			Fund		37,200 9,750 4,204	(37,200) (8,125)	(4,204)		1,625
				24,000	153,241	(142,178)	(8,022)		27,041

Analysis of net as	sets between funds
		Unrestricted	Restncted	Total Funds
		Funds	Funds	2021
			2	2
Tangible fixed assets Investments		314,637 89,850		314,637 89,850
Current assets		189,414	47,917	237,331
Creditors less than	1 year	(30,478)		(30,478)
Net assets		563,423	47,917	611,340
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
Tangible fixed assets Investments		302,773 111,418		302,773 111,418
Current assets		201,846	27,041	228,887
Creditors less than	1 year	(8,219)		(8,219)
Net assets		607,818	27,041	634,859