#
##
##
##
##
|||||||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|
#
#
##
##