Company registration number: 04055940
Charity reglstratlon number. 1082938
Wings South West
(A company limited by guarantee)
Annual Report and Financial Slatements
for the Year Ended 31 August 2024
WESTCOTTS
CHARTSRED ACCOUNTANTS
& BUSINESS ADVISFRS

Wlngs South Wast
Contents
Reference arKI Administrabve Details
1to2
Trustees, Report
3to9
Independent Examine¢s Report
10
Statement of Financial AC￿￿tIeS
11
Balance Sh￿t
12
Notes to the Finandal Statements
131026

Wings South West
Reference and Admlnistrative Details
Charlty Registration Numbèr
1082938
Company Reglstratlon Number 04055940
Reglstered Office
Bowood House
Abbotsham
BTdeford
Devon
EX39 5NX
Trustees:
Mr D G Archer
Mrs A Bowser
Mr C B Jones (resigned 26 February 2024)
Dr S J Ley - Chair of Trustees
Mrs R Lynch (appointed 16 September 2024)
Mrs V A Reason (resigned 9 De￿mber 2024)
Mr l J Rogers
Mrs M J Sawle
Founder, CEO & Dlrector
Dr P A Bowser
Founder & Secretary
Mrs A Bowser
Bankers
Lloyds Bank PIC
5 High Street
Bideford
Devon
EX39 2AD
Bardays
38 Boutport Street
Bamstaple
Devon
EX31 1HH
Independent Examiner
Westcotts (SVV) LLP
47 Boutport street
Bamslaple
Devon
EX31 1SQ
Page 1

Wings South West
Reference and Administrative Details
Sollcltors:
Seldons LLP
18 The Quay
Bideford
Devon
EX39 2HF
Page 2

Wings South West
Trustees. Report
The trustees, who are directors foi the purposes of company law, present the annual report together
with the financial statements of the charitable company for the year ended 31 August 2024.
Strudure, govarnanc8 and management
Nature of governing document
Wings South West is a company limited by guarantee, govemed by its Memorandum and Articles of
Associalion and is also regISte￿d with the Charity Commission.
Wings South West is established for all such purposes as are recognised as charitable by English
Law and which are covered by the Memorandum and Articles of Association.
Recrultment and appolntment of trustees
Trustees are selected on the basis of their interest in helping people to have a future and a hope,
particularly those who are disadvantaged socialty, academically, or by family circumstances.
Trustees should be able to work within the charitys objectives and activities and should complement
existing Trustees with relevant expertise and time.
Induction and training of trustees
The continuing support for training and development of Trustees is always under review. New
Trustees , who are elected by the Board of Trust&s. a￿ recruited through volunteering. introduction
or by targeting specific relevant experien￿. They are given support and introduced to the Charity in a
number of ways, dependent upon their previous experien￿ and any prior involvement with the
Charity. Both induction and ongoing development may include reference to the many resour￿5
available from the Charity Commission. time spent viith the slaff, mentoring and external training.
Objectives and activities
Objects and aims
The main objectives of the Charity are to help alleviale poverty and distress, to offer education and
learning in a wde context and to deliver recreational opportunities particularly for disadvantaged
people. In specific contexts (e.g. churches, assemblies) a further objective is to help explore aspects
of the Christian faith.
Page 3

Wings South West
Trustees. Report
Objectlves. strategles and activities
The main activities in relation to the objectives are:
The development and running of a community centre (the Wings Hall) in the middle of Bideford that
also offers schools work with pupils who are disengaged and a disability group, and;
Offering practical work-based projects (motor mechanics, conservation, construction. sports, outdoor
pursuits and multimedia) and training with young people who are NEET (Not in Employment,
Education or Training), adults who fa￿ difficulties, and at College, all at a second site on the outskirts
of Bideford.
Risk Management
The Trustees of Wings South West ('Wings') are responsible for identifying and directing the potential
major risks associated wth safeguarding. GDPR, finances. recruitment and redundancies and all
policies under which the charity operates.
Day to day risk management devolves lo the Management Team who is responsible for ensuring Tisk
assessments are carried out for all aclivities and in implementing the strategic direction set by the
Trustees. Where appropriate. systems or procedures have been established to mitigate the risks the
charity faces.
Internal control risks are minlmised by the implementation of procedures for authorisation of all
transactions and projects. ProCedU￿S are in place to ensure compliance with safeguarding and health
and safety of staff, volunteers, participants and visitors to both centre or off-site activities. All
Pro￿dureS and policies are reviewed either annually or every three years to ensure Wings continues
to meet the needs of beneficiaries and the requirement of the Charity Commission.
Public benefit
The Trustees consider that the objectives of the Charity. as stated earlier, comply with the Charities
and Public Benefit: Summary Guidance for Charity Trustees (Charities Act 2011). The Trustees also
unanimously agree that the requirements for due regard to the Public Benefit guidance has been
satisfied. The overall aim of Wings is to give people a future and a hope by encouraging positive
relationships and offering creative leaming opportunities that help develop skills, self-esteem and
confidence.
The Public Benefit from Wings is that it largely works with disadvantaged young people who are
struggling at school, not in employment, education or training, young offenders (or at risk of
offending), those who have learning disabilities and adults experiencing difficulties. Wings listens to
the needs of all those we work with. evaluales what intervenlions are most likely to work, puts in place
relevant positive activities and services and then measures the effect of these on their development
and destinations.
Achievements and Performance Report to Be Included In the Accounts to end August 2024
Northem Devon (North Devon and Torridge) is one of the largest and most deprived rural areas in the
UK. The prospect for economic and social stability, or even groW(h, for the vast majority of the
population continues to be unlikely. particularly in the light of ongoing economic issues and the cost of
living crisis
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Wlngs South West
Trustees. Report
Torridge in particular suffers as this district has one of the I0￿est average household incornes and
one of the lowest GDPS in the UK. It is also a frustrating anomaly that the deprlvation indi￿S are
calculated by also taking into account the positive nature of the environment we live in. Although all
o live here are grateful for the beauty around us. financial poverty is a blight. The majority of people
Wings works with are facing considerable generational difficulties including rural deprivation. family
breakdown and household presSu￿s, a lack of employment or training opportunities, a social
environment that pushes increasing numbers into a poverty trap with concomitant risks of offending
and mental health issues. a marginalisation of those with leaming, physical or behavioural difficulties
and disabilities, and for those who are under 18, an education system that does not 'fit' every pupil.
Gener31
As Wings enters its twenty fifth year it is interesting to reflect on the many ups and downs of fO￿nIng
and running a charity over a period that has induded one of the worse financial crises in history, a
major capital project that fell at the last hurdle, a devastating pandemic and, most recently. a
damaging cost of living crisis. Perhaps unsurprisingly the impact of the pandemic is still being felt and
seen in the lives of the children, young people. families and vulnerable adults who lived through it, but
also on charities, including those who gave. and continue to give out grants, and those. like Wiros
that directly deliver public benefit.
Over the Iwenty five years our income now lotals almost seven million pounds and we have
consistently employed an average of ten people at any given time and have had the privilege of
working with thousands of children. young people and adults: seeing lives changed and giving many a
future and a hope.
Moving forward to the past few years, and together ￿1th mary charities in the UK that deliver vital
front-line servI￿s, Wings has been facing the near 'perfect storm. of trying to deal with increasing
needs (numbers and severity)., yet with a decreasing level of financial resources. To help counter this
scenario we continue to maintain low overhead costs and are particularly grateful that we own one of
our ￿ntreS and pay a peppercom rent for the other.
Although we had been diversifying income streams away from our traditional grants route, particularly
via partnership working, we have been pushed back into that avenue due to both a financial crisis in
education and a lack of a clear local authority vision in supporting children wth Special Education
Needs and Disabilities (SEND).
Since 2016 Wings has been moving more intentionalty and strategically into education, especially
working with those children who are struggling at school or marginalised by the learning environment
they are in. For the last seven years we have been successfully working Trmth Petroc in one of their
sub-contracted post 16 initiatives. specifically Viith students who would not cope in a large College.
We are incredibly grateful to Petroc staff for their support and encouragement in this partnership and
the measurable qualifications and life-skill benefrts it has brought to so many young people.
During 2022 we started a dialogue wth Devon County Council about becoming an altemative provider
for pre 16 children" first completing and achieving Quality Assurance approval. Although we have
started the Wings Academy and have laken on an eXperien￿d and excellent educator to be the
overall Head of Education and the Academy Lead, the progress has been patchy although when
students join, the results are very positive. The Academy has the same characteristics as our other
initiatives including operating a relational model of working alongside individuals via practical activities
and in group settings, valuing them in what they do and who they are, giving them a future and a hope
and, finally, helping them build resilien￿.
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Wings South West
Trustees. Report
Over the past few years we have been saddened by the increasing needs we are seeing in the
chTldren and young people we engage with at the College and the Academy, particularly in the area of
worsening mental health including very high levels of anxiety. We were also shocked by the number
of parents contacting us about the Academy tho all gave similar stories about feeling pressurised to
take their child out of school and moving Ihem 'off-roll'. Although this avoids parents being fined the
net result is that funding is then no longer available to them for their child so they cannot access
alternative providers like Wings. The national press has labelled them as 'ghost children,, as they.
scandalously, become 'invisible' educationally with them having little chance of re-entering education.
As this report is being written we are still trying to identify possible funding routes for the innovative
solutions we have identified, none of which is rocket scien￿.
There continues to be an enormous amount of press interest and articles around special education
needs, absenteeism, large Academy Trusts and the disproportionate number of children struggling at
school. Sadly, even though there are some amazing practitioners in Devon County Council the overall
performan￿ of the Local Authority is poor and it is the children themselves who are suffering the most
with parents, carers and genuine. professionalty run altemative providers feeling powerless and
uncertain of what can be done. It is an unmitigated disaster where possible solutions seem as far
away as ever with none being enacted upon.
Historically, Wings has been a youth-based organisation. Although children and young people remain
a core focus, particularly wth those aged 11 to 25 and around learning and education, over the past
ten years we have also been working ￿TrIh other disadvantaged groups where relationship building
and the use of our existing expertise, facilrties and equipment has been much needed, and requested.
This has been most apparent in our work with individuals with leaming and physical disabilities (the
Unity Community) where since opening up again after the pandemic the numbers attending have
continued to increase and have now reached pre-pandemic levels and beyond, with a second day
now being planned.
We are also keen to explore how to help tackle the concomitant mental health issues of anxiety and
depression faced by many individuals with disabilities as this is often not understood, and ￿rtainlY
under-reported, partially due to a focus on their primary condition. However, research from others,
and our own observations, suggests that their primary disabilities are a 'norm' for them and it is
anxiety and depression that significantly affects their quality of life.
There is also a more general dilernma involving those children and young people who are most
vulnerable. including looked-after children. that are not always well served by frameworks that are
meant to support them. Unregulated 'homes' and accommodation for children are under constant
review with many providers seeming to be driven by financial gain. with very little 'care'. The same is
also true of 'alternative providers, where there is little regulation. although as this report is being
written. the Department for Education and Devon County Council continue to push for more rigorous
control of quality of provision and safeguarding. As Wings pursues its aim of becoming a preferred
alternative provider we welcome this move in further protecting the most vulnerable and giving them a
genuine future and hope.
As mentioned earlier a parallel concern is that the levels of anxiety among the children and young
people we work with are at Unpre￿￿ented levels and both early interventions and long-term help
urgently needs to be put in pla￿. The reasons for this exponential Increase in anxiety are complex
and numerous including the COV11>19 pandemic and the in￿SSant multimedia bombardment of
individuals, including pomography. 'sexploitation'. false narratives. unsavoury role models and
conspiracy Iheories.
Page 6

Wings South West
Trustees. Report
Centres
The Wings Hall remains central to a number of activities although since the pandemic it has not been
widely open to groups. apart from Unity and the Ukrainian Hub. The latter was set up in May 2021
with the support of The Pickwell Foundation and Torridge District Council as a place to meet for
families who moved to the area to escape their worn-tom country. We. and all those who attend the
Hub are so thankful for the ongoing financial support that Torridge District Council continues to give,
thout which it would not be able continue.
The second Wings centre (Lendon Barn) at Abbotsham. on the outskirts of Bideford, is the principal
base for the Majority of (xjurses to help those who are struggling at school. These include functional
skills (eg English, Maths) teaching plus practical initiatives such as motor meGhani(s. conservation.
construction. sports, fitness. outdoor pursuits and multimedia. It is the home of the Wings College
(post-16), and. for two days in the week. the Wings Academy (pre-16).
Support
As to the future of its current and potential activities. Wings is very fortunate to have 8 professional
and passionate staff team who are well supported by excellent Trustees. volunteers and other
organisations that are seeking to help disadvantaged children, young people and adults reach their
full potential.
The importance of volunteers to Wings has always been highlighted since the charity was first fomied
almost 25 years ago. and we wish to express our gratitud8 to thern again this year.
As well as individuals. we are indebted again this year to many organisations and charities for
financlal support including the Barry and Peggy High Foundatlon and many local schools and colleges
especially Highgate Hill House, Marland and Pelroc. Without thelr support and the confidence they
show in Wings we would have achieved nothing.
After ￿e1ve years as a Trustee, Mrs Vera Reason stepped down in December 2024. We are so
grateful to Vera for the incredible support she has given to Wiros and for her genuine care towards
staff, volunteers and those we with, which has been much appreciated. We are delighted to
record that Mrs Rebecca Lynch joined Wings as a Trustee in Septsmber 2024.
Financial review
During the year the Charity has achieved total incoming resources of £330.574 (2023: £240,391) of
which £96.177 (2023: £69.675) related to restricted funds. The total resources expended for the year
was £331.540 (2023: £269,521) which resulted in net outgoing resources. before investment
gainsllosses of £966 {2023: £29.130). Investment losses during the year were £Nil (2023: £11.700)-
Total funds at the year end stood at £569.544 (2023: £570.510) with £23.000 (2023: £30,300) related
to restricted funds and £546,544 (2023= £540,210) shown a5 unwtricted funds.
Policy on reseNes
The Trustees continue to set a reserves policy that rellects the best interests of the Charity and its
beneficiaries. Trustees regularly monitor resetve levels to ensure effectiveness of the policy in the
light of changing risks. The Charity aims to hold six months operating reserves, which equate5 to
around £120.000.
When reviewing unrestricted funds, the Trustees remove funds held as tangible fixed assets from
consideration as it is not deemed to be readily available funds. The totsl of unrestricted funds.
exduding tangible fixed assets, as at 31 August 2024 was £249,374 (2023: £237,009).
Page 7

Wings South West
Trustees. Report
Plans for future periods
Wrth the current invaluable work of Wings with children, young people and adults, and the financial
pressures created by the pandemic and the economic difficulties there is a little doubt it is a time of
considerable transition for the Charity. In order to sutvive, and even grow. there are six key a￿aS
Wings is focusing on, and investing in. namely"
Listening to identifying and acting on the growing needs of children, young people and adults.
particularly where there is disadvantage
Identifying local schools and other organisations ￿ere joint initiatives would be of value in
benefiting children young people
Helping to tscilitate community engagement in addressing local issues including unemployment and
lack of occupation
8id writing and building partnerships with existing and new charities with thom Wings share similar
objectives
Coordinating support from local. national and intemational companies and charities
. Having robust Financial Systems and G0veMan￿ reviews
Statement of trustees. responsibllltles
The trustees (who are also the directors of Wings South West for the purposes of company law) are
responsible for preparing the trustees, report and the financial ststements in accordance with
applicable law and United Kingdom Accounting Slandards (United Kingdom Generally Accepted
Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and
Republic of Ireland" The Teport and accounts have been prepared in accordance with the provisions
in the Companies Act 2006 relating to small companies.
Company law requires the trustees to prepare financial statements for each financial year. Under
company law the trustees must not approve the financial statements unless they are satisfied Ihat
they give a true and fair view of the state of affairs of the charitable company and of the incoming
reSoUr￿S and application of resources. including its income and expenditure, of the charitable
company for that period. In preparing these financial statements, the trustees are ￿qUired to:
select suitable accounting policies and apply them consistently.
observe the methods and principles in the Charities SORP",
make judgements and estimates that are reasonable and prudent"
slate whether applicable accounting standards, comprising FRS 102 have been followed, subject
to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charitable company will conlinue in business.
The trustees are responsible for keeping proper accounting recoTds that can disclose wtth reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure that
the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assels of the charitable company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Page 8

Wlngs South West
Trustees. Report
The trustees are responsible for the maintenano and integrity of the corporate and financial
infomation included on the charitable companvs website. Legislation governing the preparation and
dissemination of financial statemenls may differ fiom legislation in other jurisdictions.
Small companies provision statamont
This report has been prepared in accordance with the small companies regime under the Companies
Act 2006.
Dr P A Bowser
Chief Executive Officer
The annual report was approved by the trustees of the charity on
behalf b
and signed on its
Dr S J Ley- Chair
Trustees
Page 9

Wings South West
Independent Examlner's Report to the trustees of Wings South West ('the
Company.)
I report to the charity trustees on my examination of the accounts of the Company for the year ended
31 August 2024.
Responsibilities and basls of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you
are responsible for the preparation of the accounts in accordance with the requiremenls of the
Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination
of your charity's accounts as carried out under seclion 145 of the Charities Act 2011 {'the 2011 Act,).
In carrying out my examination I have followed the Directions given by the Charity Commission under
section 145(5)(b) of the 2011 Act.
Independent exaMIne￿S ststement
sin￿ the Companvs gross income ex￿eded £250.000 your examiner must be a member of a body
listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination
because l am a member of ICAEW. which is one of the listed bodies.
I have completed my examination. I confirm that no matters have corne to my attention in connection
with the examination giving me cause to believe:
1. accounting records were not kept in respect of Wings South West as required by section 386 of
the 2006 Act., or
2. the accounts do not accord wilh those records" or
3. the accounts do not comply viith the a￿ountIng requirements of section 396 of the 2006 Act
other than any requirement that the accounts give a 'true and fair view which is not a matter
considered as part of an independent examination: or
4. the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities [applicable to
charities preparing their accounls in accordan￿ with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)].
I have no con￿M8 and have come across no otheT matters in connection with the examination to
which attention should be drawn in this ￿port in order to enable a proper understsnding of the
accounts to be ￿ached.
Catherine Williams FCA DChA
Independent Examiner
Westcotts (SW) LLP
47 Boutport Street
Bamstaple
Devon
EX31 1SQ
SJC
Page 10

Wlngs South West
Statement of Flnanclal Activities for the Year Ended 31 August 2024
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unrèstricted
funds
Restricted
funds
Total
2024
Total
2023
Note
Income and Endowments from:
Donations and legacies
other trading activities
Investment income
5,372
227.270
1.755
96.177
101,549
227.270
1,755
88,154
150.418
1,819
Total income
234.397
96.177
330,574
240,391
Expenditure on:
Raising funds
Charitable activities
(1.510)
(268,011)
(231.063)
(100.477)
(331,540)
Total expenditure
Gainsl(losses) on
investment assets
(231.063)
(100.477)
(331.540)
(269.521)
(11.700)
Net incomel(expenditure)
Transfers between funds
3,334
3.000
(4,300)
(3,000)
(966)
(40,830)
Net movement in funds
6,334
(7,300)
(966)
(40,830)
Reconciliatlon of funds
Total funds brought forward
Total funds carried forward 19
540.210
30,300
23,000
570,510
611,340
546,544
569,544
570,510
All of the charity's activities derive from conlinuing operations during the above ￿ periods.
The funds breakdown for 2023 is shown in nole 19.
The notes on pages 13 to 26 form an integral part of these financial statements.
Page 11

Wings South West
(Reglstratlon number: 04055940)
Balance Sheet as at 31 August 2024
2024
2023
Note
Fixed assets
Tangible assets
14
297.170
303.201
Current assets
Debtors
Cash at bank and in hand
15
16
11,408
270,860
32.687
242.843
282,268
275,530
Creditors: Amounts falling due within one year
17
(9,894)
(8,221)
Nét current assets
272,374
267.309
Not assets
569.544
570.510
Funds of the charity:
Restrlcted income funds
Restricted funds
23,000
30,300
Unrestrlcted income fund5
Unrestricted funds
546,544
540,210
Total funds
19
569,544
570,510
For the financial year ending 31 August 2024 the charity was entitled to exemption from audit under
section 477 of the Companies Act 2006 relating to small companies.
Directors, responsibilities:
The members have not required the charity to obtain an audit of its accounts for the year in
question in accordance wth section 476- and
The directors acknowledge their responsibililies for complying with the requirements of the Act with
respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to
companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The fin
nci
I statements on pages 11 to 26 were approved by the trustees, and authorised for issue
£5. and signed on their behalf by:
DrSJ Ley-chairo
Chair of Trustee
rustees
The notes on pages 13 to 26 form an integral part of these financial statements.
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Wlngs South West
Notes to the Financial Statements for the Year Ended 31 August 2024
1 Charity status
The charty is limited by guarantee, incorporated in England and Wales, and consequently does not
have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards
the assets of the charity in the event of liquidation.
The address of its registered office is..
Bowood House
Abbotsham
Bideford
Devon
EX39 SAX
2 Accountlng policies
Summary of significant accountlng policies and key accounting estlmates
The principal accounting policies applied in the p￿paratIOn of these financial statements are set out
below. These policies have been consistently applied to all the years presented, unless otherwise
stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities= Statement of Recommended Practi￿ (applicable to charities preparing their accounts in
accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102)) (issued in October 2019) - (Charities SORP {FRS 102)), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102> and the Companies Act 2006.
Basis of preparatlon
Wings South West meets the definition of a public benefrt entity under FRS 102. Assels and liabilities
are initially recognised at historical cost or transaction value unless otherwise stated in the relevanl
accounting policy notes.
Going concern
The trustees consider that there are no material Un￿rtaInlieS about the charity's ability to continue as
a going concern nor any significant areas of Un￿rtaInty that affect the carrying value of assets held by
the charity.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income
will be re￿iVed and the amount of the income re￿1vable can be measured reliably.
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Wlngs South West
Notes to the Financial Ststements for the Year Ended 31 August 2024
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and
settlement date. In the event that a donation is subject to conditions that require a level of
perf0mlan￿ by the charity before the charity is entitled to the funds, the income is deferred and not
recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly
within the control of the charity and it is probable that these conditions will be fulfilled in the reporting
period.
Grants receivable
Grants are recognised when the charity has an enlltlement to the funds and any conditions linked to
the grants have been met. Where perforrnan￿ condltions are attached to the grant and are yet to be
met. the income is recognised as a liabilsty and induded on the balance sheet as deferred income to
be released.
Investment income
Dividends a￿ recognised once the dividend has been declared and notification has been re￿iVed of
the dividend due.
Expendlture
All expenditure is recognised once there is a legal or constructive obligation to that expenditure. it is
probable settlement is required and the amount can be measured reliably. All costs are allocated to
the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot
be directly attributed to particular headings they have been allocated on a basis consistent with the
use of resources, with central staff costs allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use. Other support costs are allocated based on Ihe
spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those
incurred in trading activities that raise funds.
Charltable a¢tlvltles
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities
and serVI￿S for its beneficiaries. It includes both costs that can be allocated directly to such activities
and those costs of an indirect nature necessary to support Ihem.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis
consistent Mrith the use of resources, for example. allocating propety costs by floor areas. or per
capita, staff costs by the time spent and other costs by their usage.
Page 14

Wlngs South West
Notes to the Financial Statements for the Year Ended 31 August 2024
Taxation
The Charity is considered to pass the tests set out in Pafagraph 1 Schedule 6 of the Finance Act 2010
and therefore it meels the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains
re￿iVed within categories covered by Chapter 3 Part 11 of the Corporalion Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusivety to charitable purposes.
Tangible fixed assets
Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation
and subsequent accumulated impairment losses.
Depreciation and amortisatlon
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation. less any
estimated residual value. over their expected useful economic life as follows:
Asset class
Land and buildings
Computers
Motor vehicles
Equipment
Depreciation mathod and rate
1 OA straight line
15% reducing balan
25 % reducing balance
200A reducing balance
Cash and cash equlvalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly
liquid investments that are readily convertible lo a known amount of cash and are subject to an
insignificant risk of change in value.
Fund structure
Unrestricted income fijnds are general funds that are available for use at the trustees discretion in
furtheran￿ of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the
use of which is restricted to that area or purpose.
Flnanclal Instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a paty to the
contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the Substan￿ of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in
the assets of the charity after deducting all of its liabilities.
Page 15

Wlngs South West
Notes to the Financial Statements for the Year Ended 31 August 2024
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price {including transaction
costs). except for those financial assets classified as at fair value through profrt or loss, which are
initially measured at fair value (which is normalty the transaclion price excluding transaction cosls),
unless the arrangetnent constitutes a financing transaction. If an arrangement constitutes a financing
transaction, the financial asset or financial liability is ffleasu￿d at the presenl value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of fjnancial position when, and only
when there exists a legally enfor￿able right to set off the recognised amounts and the charity intends
either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a} the contractual rights to the cash flows
from the financial asset expire or are settled, b) the charity transfers to another party subslantially all
of the risks and rewards of ownership of the financial asset. or c) the charity, despite having retained
some, but not all, significant risks and rewards of ownership, has transferred control of the asset to
another paty.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged,
cancelled or expires.
Investments
Investments in non-convertible preferen￿ shares and non-puttable ordinary or preference shares
(where shares are publicly traded or their fair value is reliably measurable) are measured at fair value
through profit or loss. Where fair value cannot be measured reliably. investments are measured at
cost less impairment.
Investments in subsidiaries and associales are measured at cosl less impaimient. For investments in
subsidiaries acquired for consideration including the issue of shares quali￿"ng for merger relief, cost
is measured by reference to the nominal value of the shares issued plus fair value of other
consideration. Any premium is ignored.
Page 16

Wings South West
Notes to the Flnanclal Statements for the Year Ended 31 August 2024
3 Income from donatlons and legacies
Unrestrlcted
fvnds
General
Restrictsd
funds
Totsl
2024
Donatlons
Donations including Gift Aid
Grants received
Grants re￿iVed
5.372
5,372
96.177
96,177
5,372
96,177
101.549
Unrestricted
funds
Genoral
Restrfctsd
funds
Total
2023
Donations
Donations including Gift Aid
Grants receivod
Grants re￿iVed
6,819
6.819
11.660
69,675
69.675
81,335
88.154
18,479
Page 17

Wings South West
Notes to the Financial Statements for the Year Ended 31 August 2024
4 Income from other trading activities
Unrestricted
funds
General
Total
2024
Courses and activities
Trax income
Disability enabling
Wings College (Petroc)
Media Course income
Sale of products and other income
HI￿ income
40,070
7.631
10,589
166,954
965
61
1,000
40.070
7,631
10,589
166,954
965
61
1,000
227.270
227,270
Unrastricted
funds
General
Total
2023
Courses and activities
Trax income
Disability enabling
Wings College (Petroc)
Media Course income
Sale of products and other income
Hire income
8,340
12,732
7,219
111,258
6,115
1,629
3,125
150,418
8,340
12,732
7.219
111.258
6,115
1,629
3,125
150,418
5 Investment Income
Unrestricted
funds
General
Total
2024
Interest receivable on bank deposits
1,755
1,755
1,755
1,755
Unrestricted
funds
General
Total
2023
Inte￿st receivable on bank deposits
Other income from fixed asset inveslments
511
1,308
511
1,308
1,819
1.819
Page 18

Wings South West
Notes to the Financial Statements for the Year Ended 31 August 2024
6 Expgndlture on raising funds
a) Invostment management costs
Unrestrlcted
funds
General
Total
2023
Other investrnent management costs.
Amounts payable to investment managers
1.510
1.510
1,510
1.510
7 Expendlture on charitsblo activities
Unrestrlcted
funds
General
Restrlctsd
funds
Total
2024
Charitable activities
Allocated support costs
228,486
2,577
100,477
328.963
2,577
231,063
100,477
331,540
Unrestricted
funds
General
Restrlcted
funds
Totsl
2023
Charitable activities
Allocated support costs
177.609
3,110
87.292
264,901
3,110
180,719
87.292
268,011
Page 19

Wings South Wast
Notes to the Financial SL2tements for the Year Ended 31 August 2024
8 Analysis of support costs
Charitable activities expendlture
Unrestricted
funds
General
Total
2024
Independent Examination Fees
2.577
2,577
Unrestricted
funds
Genoral
Total
2023
Independenl Examination Fees
2,440
2,440
9 Net Incomingloutgoing resources
Net outgoing resouros for the year indude:
2024
2023
(Gains)Ilosses on other investment assets
11,700
10 Trustees remuneration and expenses
No remuneration or other benefits from employment ￿ryth the Charity or related entity were re￿iVed by
Ihe Trustees.
11 Staff costs
The aggregate payroll costs were as follows:
2024
2023
Staff costs durlng the year were:
Wages and salaries
Social security costs
Pension costs
232.312
17,547
4.355
165.335
10,086
3,482
254.214
178.903
Page 20

Wings South West
Notes to the Flnanclal Ststemants for the Year Ended 31 August 2024
The average head count of employees during the year was 11 {2023.'8). The average number of
full-time equivalent employees during the year is analysed as follows,.
2024
2023
Operational Staff
No employee received emoluments of more than £60,000 during the year.
12 Independent examinetrs remuneration
2024
2023
Independent Examlnation Fees
2,577
3.110
13 Taxatlon
The charty is a registered charity and is therefore exempt from tsxation.
Page 21

Wings South West
Notes to the Financial Statements for the Year Ended 31 August 2024
14 Tanglble flxed assets
Land and
buildings
Motor
vehicles
Computer
equipment
Equipment
Total
Cost
At 1 September
2023
Additions
275.764
94.132
4.461
52.380
24,653
2,048
446,929
6,509
At 31 August
2024
275,764
98.593
52.380
26.701
453,438
Depreciation
At 1 September
2023
Charge for the
year
17,981
65.254
49,095
11,398
143.728
2,757
6,667
821
2,295
12.540
Al 31 August
2024
20,738
71,921
49,916
13,693
156.268
Net book value
At 31 August
2024
255,026
26.672
2.464
13,008
297,170
At 31 August
2023
257,783
28,878
3.285
13,255
303,201
15 Debtors
2024
2023
Trade debtors
Prepayments
VAT recoverable
Other debtors
237
6,022
2,340
2.809
22.205
5,351
2.322
2.809
11,408
32.687
16 Cash and cash equivalents
2024
2023
Cash at bank
270.860
242,843
Page 22

Wlngs South West
Notes to the Financial Ststements for the Year Ended 31 August 2024
17 Creditors: amounts falllng due within one year
2024
2023
Trade creditors
other taxation and social security
Other creditors
Accruals
371
5,879
1.144
2,500
{141)
4.109
1.253
3,000
9.894
8.221
18 Pension and other schemes
Deflned contribution pension scheme
The charity operates a defined contribution pension scheme. The pension cost charge for Ihe year
represents contributions payable by the charity to the scheme and amounted to £4,355 (2023
£3,482).
Page 23

Wings South West
Notes to the Flnancial Statements for the Year Ended 31 August 2024
19 Funds
Balance at
Balance at
31 August
2024
September
2023
Incomlng Resources
resources
expondod
Transfers
Unrestrlcted funds
General Funds
Fixed Asset Fund
237.009
303,201
234.397
(218,523)
(12,540)
{231,063)
<3,509)
6,509
249.374
297.170
540,210
234,397
3,000
546.544
Restricted funds
Bary and Peggy High
Foundation
Awards for All
ASDA
Torridge DC
Abbotsham Baptist
Parish Council
Bideford Bridge Trust
Book Relief UK
NDVS
ND Atlantic Classic
MCC
Disabled Leamers
Bideford Rotsry
23.500
50,000
8,800
400
24,400
1,000
200
2,000
1,000
1.333
(60,500)
{8,800)
(400)
(22,200)
(1,000)
{200)
13.000
6,800
9,000
(2,000)
1.000
(1,333)
1.000
(1,000)
(5,544)
(500)
(100,477)
500
30,300
96,177
(3.000)
23.000
Total funds
570,510
330,574
(331,540)
569.544
Separate unrestricted funds have been created to represent the appropriate book values of both the
investment and tangible fixed assets held in the accounts.
whe￿ restricted funds are re￿IVed for capital expenditure and the expenditure has been fully met
and funds used, the restriction is deemed to be lifted and the asset value is transferred to, and
regarded as unrestricted, within the designated tangible fixed asset fund from then on.
We are indebted to the Bary and Peggy High Foundation and Torridge District Council for their
continuing support this year.
Page 24

Wings South West
Notes to the Financlal Ststements for the Year Ended 31 August 2024
Balanco
at1
September Incoming Resourcos
2022 resources expended Transfers
other
recognlsed
galnsl
(losses>
Balance
at31
August
2023
Unrestricted funds
General Funds
Investec Investment
Fund
Fixed Asset Fund
156,807
169.408 (166,809)
77,603
237,009
91.979
314.637
1,308
(2,012) (79.575) (11,700)
(13,408)
1,g72
182,229)
303,201
563,423
170,716
11,700
540,210
Restrictsd funds
Barry and Peggy High
Foundation
PETROC (Project
Hope)
Pickwell Foundation
Claire Milne
ASDA
Devon CC Defibrilator
Torridge DC
Abbotsham Baptist
26,667
50.000
(53,167)
23,500
2.875
(2.875)
(15,000)
(6.250)
(2.450)
(1,200)
(5.400)
15,000
6,250
2,450
1,200
12,200
6,800
47,917
69,675
87,292)
30,300
Total funds
611.340
240.391
(269,521
(11.700
570,510
The specific purposes for which the funds are to be applied a￿ as follows:
The Barry and Peggy High Foundation have provided a further annual grant towards work with
disadvantaged children and adults.
The Claire Milne Trust provides support to the work with Ihe Unity Community.
The Pickwell Foundation grant is for the creation of the Wings Ukrainian Hub in support of families
moving to the UK and escaping the war in Ukraine.
All other listed funds represent other fully or partially satisfied grant income in the year that has been
spent. All other funds included here relate to funding towards salaries of employees of the Charity or
specific purchasing of project reSoUr￿s.
Page 25

Wings South West
Notes to the Financial Statements for the Year Ended 31 August 2024
20 Analysis of net assets between funds
Unrestricted
funds
General
Total funds
Rostrlcted at 31 August
funds
2024
Tangible fixed assets
Current assets
Current liabilities
297.170
259,268
(9,894
546,544
297,170
282,268
(9,8g4
569,544
23,000
Total net assets
23,000
Unrestricted
funds
General
Total funds
at 31 August
2023
Restrlcted
funds
Tangible fixed assets
Current assets
Current liabillts-es
303,201
245,230
{8,221)
540,210
303,201
275,530
{8.221)
570.510
30,300
Total net assets
30,300
21 Related party transactions
During the year, the charity (as a Company Limited by Guarantee) paid remuneration under
employment contract to one of its Iwo Founding Directors.
Paul Bowser re￿iVed total remuneration (induding employers, national insurance) of £16,567 (2023:
£16.348) for his role as CEO. Paul is employed to his relevant expertise and experience for the post.
The appointrnent and remuneration is permitted under the Artides and Memorandum of WirwJs South
West.
Page 26