Company registration number= 04055940
Charity registration number.. 1082938
Wings South West
IA company limSted by guarantee}
Annual Report and Financial Statements
for the Year Ended 31 Augus12025
WESTCOTTS
CMARfEPED ACCOUMTAIIT
& 8ugir4Éts$ ADVISER

Wings South West
Contents
Reference and Admlnlslrative Details
Tiustee8' Report
2108
IndeperKlent Examinerfs Report
ststement of Finanryal Activities
10
Balance Sheet
11
Note8 to the FinaneAal Statements
12to23

Wlngs South West
Reference and Admlnistrative Details
Charity Registration Number
1082938
Company Registration Number 04055940
Registered Office
Bowood House
Abbolsham
Bideford
Devon
EX39 SAX
Tru5te•s:
Mr D G Archer
Mrs A C Bowser
Dr S J Ley- Chair of Trustees
Mrs R Lynch lappolnled 16 September 20241
Mrs V A Reason Ire3igned 9 December 20241
Mr l J Rogers
Mrs J SavAe Iresigned 19 May 2025}
Founder, CEO & Director
Dr P A Bowser
Founder & Secretary
Mrs A C Bowser
Bankers
Lloyds Bank PIC
5 High Street
Bideford
Devon
EX39 2AD
Barclays
38 Boulport Street
Barnstaple
Devon
EX31 1HH
Weslcotts ISW) LLP
47 Boutport Street
8arnslaple
Devon
EX31 1SQ
Seldons LLP
18 The Quay
Bideford
Devon
EX39 2HF
Independent Examiner
Solicitors:
Page 1

Wings South West
Trustees. Report
The trustees, who are dlreotors for the purposes of company law, present the annual rewrt together
wSth the finanaal statements of the charitable company for the year ended 31 August 2025.
Struclure, govemanc• and management
Nature ofgovernlng document
Wings South West is a company limited by guarantee, governed by its Memorandum 8nd Artloles of
Association and is also registered with the Charily Commission.
Wlngs Soulh West is established for all such purpose5 as are recL%Jnised as charitable by English
Law and which are covered by the Memorandum and Articles of Association.
Recrultment and appolntment of trustees
Trustees 8re selected on the basis of their interest in helpin9 people lo have a future and a hope,
particularfy those who are disadvantaged sooially, academi¢ally, or by family arwmstances.
Trustees should be able lo work wthin the charilrfs objectives and 9ctivities and should complement
existing Trustees whh relevant experlse and time.
Inductlon and training of trn$t•es
Th2 continuing support lor training and development of Trustees is always under ￿vIew. New
Trustees who are elocted by the board ol Trustees, are recruiled through volunteering, introduction
or by largeling specific relevant experien¢e. They are given support and introduced lo the Charity in a
number ol ways, dependent upon their previous experience and any prior involvement with the
Charity. Both induction and ongoing developrnenl may include reference to the many resources
available from the Charfty Commission, lime spent wth the staff, menlorlng and external training.
Objectives and activities
ObJe¢ts and aims
The main objectives of the Charf(y are lo help allevkate poverty and distress, lo offer education and
learning in a wde context and lo deliver recreational opportunities particularly lor disadvantaged
people. In specific contexts le.g. churches, assemblie$) a further objective is to help explore aspects
of the Christian faith.
Objectlves, strategles and activities
The main activities in relation to the objectives aTe'.
The development and running of a community centre Ilhe 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 Imolor rnechanScs, conservation. iJ)nstru¢tion, sports. outdoor
pursuits and mullimedial and training wth young people who are NE￿ (Not in Employment,
Education or Trainingl, adults who face difficulties, and at College, all al a second site on the outskirts
of Bideford.
Page 2

Wlngs South West
Trustees. Report
Risk Management
The Trustees of Wings South West I'wings'l are responsible for idenlityng and directing the potential
major risks associated with safeguarding, GDPR, finances. iecruilment and redundancies and all
policies under which the Charity operates.
Day to day risk management devolves to the Management Team who is responsible for ensuring risk
assessments a￿ carried out for all activities and in implementing the slralegi¢ direction set by the
Tnjstees. Where appropriate, systems or procedures have been established to mitigate the risks the
charity faces.
Inlern81 control risks are minimised by the implementation of procedure8 lor aulhorisalion of all
transactions and projects. Procedures are in place to ensure compliance with safeguarding and health
and safety of staff, volunteers. participants and visitors lo both centre or off.site aclivities. All
pro¢edures and policies are reviewed either annually or every three years to enwjre Wings continues
to meet the needs of benefiaaries and the requirement of the Charity Commisslon.
Publ1¢ beneflt
The Trustees consider that the objectives of the Charity, a5 Staled earfier, comply wlh the Charities
and Public Benefit.. Summary Guldance for Charity TTUStees (Charities Act 20111. The Trustees also
unanimously agree that the requirements for due regard to the Publie Benefit guidance has been
satisfied. The overall aim of Wings is lo give people a future and a hope by encouraging Positive
relationships and offering creative learning opportunities that help develop skills, self-esteem and
confidence.
The Public Benefit from Wings Is that it largely WOTks with disadvantaged young people who are
struggllng at sch¢x)I, not in employment, education Dr training. young offendets lor al risk of
offending}, those who have learning disabilities and adults experiencing difficulties. Wings listens lo
the needs of all those we work wlch, evaluates what Inlervenbons are most likely lo work, puls in place
ielevant p￿tIve activities and services and then measures the effect of these on their development
and deslinalions.
Achlevèments and Performance Report to Be Included In the Ac¢ounts to end August 2025
Northern Devon (North Devon and Torridgel is one of the largest and most deprived rnral areas in the
UK. The prospect for economic and social slability, or even growth. for the vast majority of the
populatKJn continues lo be unlikely, particularly in the light of ongoing economic issues and the cost of
living crisis
Torridge in particular suffers as thks district has one of the lowest average household incomes and
one of the lowest GDPS in the UK. It Is also a frustrating anomaly that the deprivation indices are
calculated by also taking into account the positive nature of the environment we live in. Although all
who live here are grateful for the beauty around us. il can defled from the financi81 reality that for
many poverty remains a blight. The rrTajorily of people Wings works with ale facing considerable
generational difficulties including rural depiwation, family breakdown and household pressures, a lack
of employment or training opportun￿les. a swial environment that pushes InC￿asing numbers into a
poverty trap with con¢omilant risks of offending and mental health issues, a marginalisation of those
with learning, physical or behavioural difficulties and disabilitles, and for those who are under 18. an
educzts'on system that does not'fil. every pupil.
General
Page 3

Wlngs South West
Trustees. Report
As Wings moves beyond Sls twenty fifth year of operating il is interesting lo reflect on the many ups
and downs ol forming and running a charity over a period that has included one of the worse financial
orises in history, developing a major capilal projecl that fell al the last hurdle, a devastating pandemic
and, most re￿nI]y, a damaging cost of living cris13. Perhaps unsurprisingly the impact ol the
pondemic is still being felt and seen in the Ilves of the children, young people, families and vulnerable
adults who lived through it. but also on charTtles. induding those who gave, and continue lo give out
grants. and those, like Wings that direolly deliver public benefit.
Over the trNenty five years our totsl income has been Susl Over seven million pounds. We have
consistendy employed an average ol ten people al any given lime and have had the privilege of
working with thousands of children, young people and adult5.' seeing lives changed and giving many
future and a hope.
Over the past few years, and together with many charS1ie3 in the UK thai deliver vital Ironl-line
serviGes, Wings has been facing the near 'perfecl slom, of trying lo deal with increasing needs
(numbers and seveiityl., yet with a decreasing level of fin8n¢ial restsurce5. To help counter thls
scenario we ¢J)ntinue lo maintain low overhead costs and are particulady grateful that we own one ol
our centres and pay a peppercorn rent for the other lo The Portledge Estate.
Although we had been diversifyng income streams away from our traditional grants route, particulady
a partnership worklng, we have been pushed back into that avenue due lo both a financial crisis in
education and struggles in the local aulhor5ty in supporting ¢hildren with Special Education Needs and
Disabilitie5 ISENDI.
Since 2018 Wiws has been intentionally and strategically stepping into education, especially working
with those children who are struggling al school or marginalised by the learning environment they are
in. For the last eight years we have been suwessfully working with Pelroc in one of their
sub-contracted post 16 initiatives, specifi￿llY with students who would not cope in a large College.
We are incredibly grateful lo the Pelroc slaff for their support and encouragement in this partnership
and the measurable qualifications and life-skill benefrts it has brought lo so many young people.
However, we are currendy in the middle of 8 major change in Wings with. very sadly, the can¢ellalion
of our contract with Pelroc (now called North Devon College - NDCI. During 2025 Pelroc and Exeter
College began to explore a potential merger which has now been finalised. Although Pelroc had ttvo
long-lerm $ubconlia¢ts one with the NHS and one wlh Wings. Exeter Cdlege had none. The resu
is Ihal our contract ¥Mlh NDC will leminale on the 31st July 2026.
though we had already stsrted to look al the Wings Co15ege perhaps becoming independent over
the next few years this external decision has rapidly brought forward the limelable. We are very
graleftjl lo otjr consultant ThAark Wrangles (Close the Gaps) who we started working wth just under a
year ago. Mark has helped lead the Wings, staff and Trustees through the various processes around
becoming an Alternative Provider for post 16 children. Working closely with the Devon County Counc41
Education Team we are looknng lo, hopefully, start the new initiative in SeptembeT 2026.
We understand the business drivers behind the types of decisK)ns being made by schools and
colleges. bul the nel result for families wlh children struggling in main stream pre and post 16
education 15 disastrous. The type of options being mooted for this now very significant cohort are
unlikety to be viable in the long term and at best serve lo postpone any meaningful engagemenl with
those most vulnerable in society. Sharnefully, more and more will be pushed into a lifetime of low
achievement and worklessness las recenuy highliyhled in Ajan Milburn's report on those who are not
in employrnent. education or training - NEETI unless drfferent approaches are sought, none of which
are rocket scienL*.
Page 4

Wings South West
Trustees, Report
What we desperately need are Visionaries and wise and passionate Policy Holders who are Seeking
the best inleresls of every child. not just those who are academically capable. Funding for Alternative
Provision is needed for groups to work alongside local aulhorilies, schools and Colleges al a lime
when the knee-jerk Teaclion is lo pull up the formal education drawbrldge and iry and bring everything
in house. Long and short-lerm history says il will not WOTk
During 2022 we stsrted a dialo9ue with Devon County Council about becoming an allernalive prOV￿er
for pre 16 children.. first Completing and achieving Quality Assurance approval. Although the Wings
Academy continues and we have been a￿epted onto the local authorily framework the referrals have
been patchy although when students join, the results are very positive. The Academy has the same
characterisllcs as the Wings College induding 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. hdping them build resillence.
Over the past lew years we have been saddened by the increasing needs we are seeing in the
chiwien and yDung people we engage with at the College and the Academy, parti¢ulady in the a￿a ol
worsening mentsl health including very high levels of anxiety. The pressure on parents lo take their
¢hild out of school and moving thern 'off-roll' is still there and ¢onlinues lo create what have come lo
be known as 'ghost ¢hildren', as to all educational inlenls and purposes they no longer exist. It is a
national scandal in the making.
Hlslorically, Wings has been a youlh-based organisalion. Wihough children and young people ￿ main
Dre focus, particularly with those aged 11 10 25 and around leaming and education. sln¢e the
pandemic we have not re-opened our youth work. After twelve months of o)nsideration this 15 now
changing and we have employed an experien￿ council youth worker from the South East lo help
move the initiative forward and create a new Youth Hub. As we look for more substantial longer temi
funding from various ch8rities we are extremely grateful to the Northbrook Trust for the seed corn
funding to enable the Hub to start on tsyo days per week.
Our work with indlviduals wth learning and physi¢al disabilities (the Unity Community) has continued
lo develop and we have now reached pre-pandemic levels and beyond. wlh a Second day now
njnning every week. Being there is a total joy and the way they support each other is amaing.
We remain concemed about how to help laC￿e the Concomitant mental hèahh issues of anxiety and
depression la￿ by many individuals wllh disabilities as this Is often not understood, and certainly
under-reported, partially due to a focus on their primary condition. However, research from others,
and our own observations. suggests that their primary disabllilies are a 'nom' for them and r( is
anxiety and depression Ihat signifiCan￿Y affects their quality of life.
Cenhs
The WirvJs Hall remains central to a number of acb'vities although up un111 now and Sin￿ the
pandemic, il has not been widely open lo groups. apart from Unity and Ihe Ukrainian Hub. Vvith the
advent of the Youth Hub the Hall will be filled again with children and young people seeking and
finding a place of safety and fvn.
The Ukrainian Hub was Set up in May 2021 wth the support of The Flckwell Foundation and Torridge
District Council as a place lo 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 invaluable financial
support that Torridge Dislrict Coun￿1 continues to give.
Page 5

Wings South West
Trustees. Report
The second Wings centre (Lendon Barn) al Abbotsham, on the outskirts ol Bideford, is the principal
base for the majority of courses to help those who are struggling at school. These indude functional
skllls leg English, Maths) leaching plus piaclical initiatives such as motor mechanics. conservali(y),
onstruclion. sports, fitness and multimedia. It is the home of the Wings College Ipost-161, and, for
vo days in the week, ihe Wings Academy Ipre-161.
Support
As to the future of ils current and potentlal activllies. WSngs is very fortunate lo have a ryofessional
and passionate staff team who are well supported by excellent Trustees. volunteers and other
organisalions that are seeklng to help disadvantaged children, young people and adults reach their
full potential.
The importance of volunteers to WiNJs has always been highlighted since the charity was first formed
almost 25 years ago, and we wish lo express our gratitude lo them again this year.
As well as individuals, we are indebted again thi5 year to many organisations and charities for
financial support in¢luding the Barry and Peggy High Foundation and many local schools and colleges
especially Highgale Hill House, Martand and Pelroc. Without their support and the confidence they
show in Wings we would have achieved nothing.
Dr PA Bowser
April 2026
Financial review
During the year the Charity has 8chieved lotsl incoming resources of £368,013 12024.. £330.5741 of
vthich £90,432 12024.. £96,177) Telated to re5tiicted funds. The total reSoUr￿S expended lor the year
was £315,985 12024: £331,540) which resulted in nel inooming resources of £52.028 12024: net
expenditure of £9661.
Total funds al the year end stootj at £621.57212024-. £569,544) wlh £45,9DO12024: £23,000) related
to restricted funds and £575,67212024.. £546,544} shown as unrestricted funds.
Policy on reserves
The Trustees continue to set a reserves policy that reflect8 the best interests of the Charity and its
beneficiaries. Trustees regularly monllor reserve level8 lo ensure effectiveness of the policy in the
light of changing risks. The Charity aims to hold six months operating reseNes, whth now equates lo
around £160.OOQ Icurreniiy holding £126,000).
When reviewing unrestricted funds. the Trustees remove funds held a5 tangible fixed assets from
consideration as il is not deemed lo be readily available funds. The tots5 of free feserves, as at 31
August 2025 was £287.802 {2024'. £249.3741.
Page 6

Wlngs South West
Trustees, Report
Plan5 for future periods
With Ihe current invaluable WOTk of Wings wilh thildren, young people and adults. and the financial
pressures created by the pandemic and the ongoing economic diffi¢ullies there is a little doubl it is a
time ol considerable transition for the Charty. In order to survive. and even grow, there are six key
areas Wings is focusing on. and investing in, namely,
Listening lo, identifying and acting on the growing needs of chlldren. young people and adults.
particularfy where there is di8advantage
Identifyng local schools and other organisallons where joint iniknatives would be of value in
benefiting children young people
• Helping lo fa￿litate community engagement in addressing local Issues incltjdiny unemployment and
lack ol occupati)n
Bid writing and building partnerships with existing and new charities with whom Wings share similar
objectives
Ccx)rdinating support from local, national and international companies and Cha￿￿e5
Having robust Financial Systems and Govemance reviews
Statement of trustees. responsibilities
The trustees (who are also the directors of Wings South Wesl for the purFJoses of company law} are
responsible for preparing the Iruslees. report and the fingnaal ststemenls in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Praclicel, including FRS 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland" The report and accounts have been prepared in accordance wth the provisions
in ihe Companies Act 2006 relating lo small companBs.
Company law requires the Iruslees to prepare financial statements for each financlal year. Under
company law the trustees must not approve the financial ststemenls unless they are satisfied that
they give a true and fair view of the slate of affairs of the charitable company and of the in￿ming
resources and application of restsurces. including its income and expenditure, of the charitable
company for that period. In preparing these finanagl stalemenls, the trustees are required to..
sele¢t suitable accounting policles and apply thern consislenlly.,
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and Pfudenl.,
state whether applicable accounting standard5, comprising FRS 102 have been followed, subject
lo any material departures disclosed and explained in the financial slalements; and
prepare the financial statements on the going concem basis unless il Is inappropriate lo presume
that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose wth reasonable
accuracy al any time the financial position of the charrtable company and enable them to ensure that
the financial 51atemenls comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charitable company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Page 7

Wings South West
Trustees. Report
The trustees are respon￿ble for tha maintenanee and Integrity of the corporate and financial
inform8tlon included ￿ thè chantsble o)mp8nrfs websitè. Legislatson goveming the prep8ralion and
1￿mInat[On of flnandal statements may differfrorn leglslatbn In otherlurlsdlthons.
Small companle5 prov151on statemont
Thls re￿rt has b88n prépared in accordance with Ihe smal cornpanies regime under Ihè Companies
Dr P A Bowsèr
Chlef Execullve Offker
The annu81 r8POrt was approwd by the trustses of the charity on 19 MBY 2026 and s•3ned on its
behalf ty.
DrSJLey-C
Trustsos
Pag$ 8

Wlngs South West
Independent Examinerfs Report to the trustees of Wings South West ('the
Company.)
I report lo the charty tnjstees on my examination of the acLounts of the Company for the year ended
31 August 2025.
Responsibilitigs and basls of report
As the charity's trustees of the Company land also its directors for the purposes of company lawl you
are responslble for the preparation of the accounts in accA)rdance the requirements of the
Companies Act 20061'lhe 2006 A¢t'l.
Having salislied 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 charily's accounts as carried oul under section 145 01 the Charities Act 2D11 {'the 2011 A¢t'l.
In carrying out my examination I have followed the Directions glven by the Charity Commission under
section 14515llbl of the 2011 Act.
Indepèndent Èxamlher's statement
Since the Companys gross income ex￿eded £250,000 your examiner must be a member of a body
listed in se¢Uon 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. l ¢xnfim that no matters have come to my attention in connection
th Ihe examinatyon giving me cause lo believe..
1. accounting records were not kept in respeol of Wings South Wesl as required by section 386 of
the 2006 AGI,, or
2. the accounts do nol accord wilh those records,. or
3. the accounts do not cornply with the accounting requirements of section 396 of the 2CQ6 A
other than any requirement that the a¢¢ounls give a 'lrue and fair view which is not a matter
considered as part ol an independent examination; or
4. the accounts have not been prepared in accordance with the methods and pnnaples of the
Statement ol Recommended Practice for ac¢uJnting and reporting by charities lapplicable lo
charities preparing their ac¢ounls In accordance with the Finan¢ial Reporting Stsndard
applicable in the UK and Republie of Ireland IFRS 10211.
I have no concems and have come acfOSS no other malters in ¢onneGtion wilh the examination to
which attention should be d¥awn in this report in order lo enable a proper understanding of the
accounts lo be reached.
Catherine Williams FCA DChA
Independent Examiner
Westcotts ISWI LLP
47 Boutport Street
Barnstaple
Devon
31 1SQ
Date-...
Page 9

Wings South West
Statement of Flnanclal Activlties for the Year Ended 31 August 2025
{Includlng Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unrestricted
funds
Restricted
funds
Total
2025
Total
2024
Note
Income and Endowments from:
Donations and legacies
Other trading activities
Investment income
8,696
264,224
4.661
90.432
99,128
264.224
4,661
101,549
227,270
1.755
Total income
277.581
90.432
368.013
330,574
Expenditur• on:
Ch8ritable actimties
249.405
66,580}
1315.985)
1331,5401
1331.5401
Total expenditure
Net in¢omellexpendf(urel
Transfers belween fvnds
249,4051
166.580)
(315.985)
28.176
952
23,852
9521
52,028
19661
Net movement in funds
29,128
22,900
52,028
19661
Reconeiliation of funds
Total funds brought forwatd
Total funds Carried fO￿ard 17
546.544
23.000
569.544
570,510
575,672
45.900
621,572
569,544
l of the charty's actimties derive from continuing operations during the above periods.
The funds breakdown for 2024 is shown in note 17.
The note5 on pages 12 10 23 fomi an integral part of these financial statements.
Page 10

Wlngs South Wast
IRegistration number: 04055940)
Balance Sheet as at 31 August 2025
2025
2024
Flxfjd ass
T8ngible assets
Current ass•ts
12
287,870
297,170
13
14
11,736
330,524
342,260
11,408
270,860
C8sh at bank and in hand
282,268
Crnditors: Amounts fa"Illng dup within on• year
Net currgnt assets
15
(8,558
333,702
621,572
272.374
Net assets
Funds of the charity".
Restrlcted incorne funds
Restiicted hjnds
45.900
23,OQO
UnrestrfGted lft¢ome fund¥
Unrestrfcted fjJnds
575,672
621,572
548.$44
Tot¥1 funds
17
569.544
For the financlal year ending 31 Augusl 2D25 the charity was enlilled to exemption frorn audit under
section 47T of the Companies Act 2006 Telatlng to smell wmpa)kg5.
Directors. feSpcff￿I￿II1tss.
The mèfflbws have nol req"￿Ired Ihè thatity to obiain an audit of Rs 'accounts for ts year ih
quesoon in accordance wth 8ectlon 476; and
The direclors acknowledge Iheir responstbi15t￿S for cLTrmplytrg wlth the requirements of the Act wmh
respect to accounting records and the preparation of account$.
Th9se finanrA31 statements hav8 been pr8p8red in WrA)rd8￿8 ¥￿th the spgdal p￿￿1$ relatlro to
mpanles subject to the smo11 wmpanies regime within Part 15 of the Companies Act 2006.
Tha finano81 statements on pag85 10 to 23 wera spwoved by tha tNstees, and auth￿Ised for issue
on 19 May 2026 and slgned on their bohalf by.
DrSJLey-Chairo
Ctrkair of Trustees
ruslees
The note5 on wdgès 12 to 23 fom an Int8gral part ofthes8 financial stst¢ments.
Page 11

Wlngs South West
Note5 to the Financlal Statements for the Year Ended 31 August 2025
1 Charity Status
The charity is limited by guarantee. incorporated in England and WJes, and conseqvenuy does not
have share capital. Each of the trustees is liable to ¢Dnlribute 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 A￿OUntIng poliGies
Summary of significant a¢counting policies and key accounting estimates
The prlncipal accounting polKies applied in the preparation of these financial statements are sel out
below. These policies have been eonsistently applied lo all the years presented, unless othenKise
stsled.
Statement of compliance
The finanaal slalements have been prepared in accordance with A¢counling and Reporting by
Charities= Slalemenl ol Recommended Practice (applicable ID charities preparing their ac¢Dun15 In
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
10211 (issued in October 20191- Icharllies SORP IFRS 10211, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
Basi5 of preparation
Wings South West meets the definition of a public benefit enlty under FRS 102. Assets and Ilabililies
are inllially recognised al historical cost or transaction value unless otheNise staled in the re5evant
accounting policy notes. The flnancial slalemenls are prepared in sterfing whiich is the functional
¢urrenoy of the tharity.
Going concern
The Iruslees eA)nsider that there are no material uncertainties about the charitys ability lo continue as
going concern nor any signthcant areas of uncertainty that affect the ¢arrwng value of asséts held by
the Charity.
In¢ome and endowments
l income is recognised once the charlly has entitlement to the income. il is probable that the income
will be received and the amount of the income receivable can be measured reliably.
Page 12

Wings South West
Notes to the Financial Ststements for the Year Ended 31 August 2025
Donations and legacles
Oonations are re¢ognlsed when the charity has been notified in writing of bolh the amount and
settlement dale. In the event that a donatton is subject lo conditions that require a level of
performance by the charity before the Charity is entitled lo the funds, the income is deferred and not
re¢ognlsed until either those o)ndiliDns are lully met. or the fulfilmenl of those Conditions 15 ￿0]lY
within the control of the charity and it is probable that these conditions will be fulfilled in the reporting
period.
Grnnts receivable
Grants are recognised the charity has an entltlement to the funds and any conditions linked to
Ihe grants have been met. Where performance Ltjndilions are attached to the grant and are yel lo be
mel, the income is ￿e0gnIsed as a liability and induded on the balan￿ sheet as deferred income to
be released.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of
the dNidend due.
Expenditure
All expenditure is recognised once there is a legal or construc11ve obligation lo that expenditure, it is
probable settlement is required and the amount ¢an be measured reliably. A15 costs are allocated lo
the applicable expenditure heading Ihal aggregate similar costs to that category. Where costs cannot
be directly attribut￿ to particLJlar headings they have been allocated on a basis consislenl wth the
use ol resources, with central stsff costs allocated on the basis of time spent, and deprecration
charges allo¢aled on the portion of the asset's use. Other support Costs are all¢)¢ated based on the
spread of staff costs.
Charitabl• actlvlties
Charitable expenditure comprises those costs incurred by Ihe charity in the delivery of its activities
and services fr>r its beneficiaries. It includes both costs that can be allocated directly lo suth acliwlies
and those costs of an indirect nature necessary lo support them.
Support costs
Support costs include central functions and hav¢ been allocated to acllvity Cost calegorfes on a basis
¢onsislenl with the use of resources, for example, allocating propety costs by floor areas. or per
capita, stsff costs by the lime spent other cost8 by their usage.
Taxation
The charity is considered lo pass the tests sel out In Paragraph 1 Sohedule 6 of the Finance Act 2010
and therefore it meets the definition of 8 charitable company for UK ¢orporation tax purposes.
According￿, the charity is potentially exempt from taxation in respect of income or capital gains
received wlhin categories covered by Chapter 3 Part 11 of the Corporation Tax A¢t 2010 or Section
256 of the Taxalion of Chargeable Gains Act 1992, to Ihe extent that such income or gains are
applied exdusively to charitable purposes.
Page 13

Wings South West
Notes to the Financial Statements for the Year Ended 31 August 2025
Tangible fixed assets
Individual fixed assets are initially recorded al cost. less any subsequent accumulated depreciation
and subsequent accumulated impalrmenl Losses.
Depreciation and amortisatlon
Depreciation 1$ provided on tangible fixed assets $0 a5 to write off the cost or valuation, less any
eslimaled residual value. over their expe¢led Ltseful economic life as follows..
Depreciatlon method and Tatè
1 % slraighl line
15% reducing balance
25°h reducing balance
200h reducing balance
Asset class
Land and buildings
Computers
Motor vehides
Equipment
Cash and cash equlvalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-lerm highly
liquld investments that are ieadily convertible to a known amount Of cash and are subject lo an
inslqnificanl risk of change in value.
Fund structure
Unrestricted income funds are general fvnds that are available for use al the Iruslees discretion in
furtheTance of the objectives of the charity.
Restricted income funds are those donated for use in a particular afea or for speafic purposes, the
use ol which is restricted lo that area or purpose.
Financial instruments
Classification
Financial assets and financial liabilTties are recognised vthen the charity be￿MeS a party to the
conlraclual provisions of the instrument.
Financial liabilities and equity instruments are cla$silied a¢wding to the substance of the conlraclual
arrangements entered into. An equity instrument is any contr8¢1 that evidences a residual interest in
the asse15 Of the charity alter deducting all of its liabillties.
Page 14

Wlngs South West
Notes to the Financial Statements for the Year Ended 31 August 2025
Recognltion and mèAsurement
Al financial assets and Ilabililies are initially measured at transaction price lincluding tran5aclio
stsl. except for those financial assets classified as at lair value Ihrouoh profll or loss, which are
inllially measured at fair value Iwhi¢h is normally the transaction price exduding transaction Costs),
unless the arrangement ¢onstilutes a financing trarisaction. If an arrangement conslilules a financing
transaction the financial asset or financial liability is measured at the present value of the futu
payments discounted at a market rale of Intere81 lor a similar debt instrument.
FinanrAal assets and liabllilies are only offset in Ihe statement of finandal position when, and only
when there exists a legally enlorceab1e right lo set off the recognised amounts and the ¢harity intends
either lo settle on a nel basis. or to realise Ihe asset and sellle the liability simultaneously.
Financial assets are dere¢ognised when and only when a} the contra¢tual rights to the cash flows
from the financial asset explre or are settled, bl the charity transfers lo another party substantially all
of the risks 4nd rewards of ownership of the financial as5el, or cl the charlty, despite having retained
some, but not all. signifi¢anl risks and rewards of ownership, has transferr￿ control of the asset lo
another pariy.
Financial liabilitie$ are derecognised only when the obligation specified in the contract is discharged,
cancelled or expires.
3 Income from donations and legacies
Unrestri¢tsd
funds
General
Restrictgd
funds
Total
202S
Donations irbcluding Gift ￿'d
Grants received
7.696
1,000
8,696
Unrestricted
funds
General
7,696
91.432
99,128
90.432
90,432
Restricted
funds
Total
2024
DonalK)ns including Gift Aid
Grants received
5.372
5,372
96,177
101,549
96,177
96.177
5,372
Page 15

Wlngs South West
Notes to the Flnanclal Statements for the Year Ended 31 August 2025
4 Income from other trading activities
Unrestricted
funds
General
Total
2025
CouTses and adivilies
Trax income
Disability enabling
Wings College (Petroc)
Media Course income
Other incorne
Hire income
37,953
13,550
11,935
197,201
37.953
13,550
11,935
197.201
]j
2,475
135
975
2.475
135
975
264.224
264,224
Unrestricted
funds
General
Total
2024
Courses and activities
Trax income
Disability enabling
Wings College (Pelrocl
Media Course income
Other income
Hire income
40,070
7,631
10,589
166.954
965
61
1,000
227,270
40,070
7.631
10,589
166,954
965
61
1.000
227,270
S Investment income
Unrestricted
funds
General
Total
2025
Interest receivable on bank deposits
4.661
4.661
Unrestricled
funds
General
Total
2024
Interest receivable on bank deposits
1,755
1,755
Page 16

Wings South West
Notes to the Financlal Statements for the Year Ended 31 August 2025
6 Expenditure on charitable activities
Unrèstrictsd
funds
General
Restricted
funds
Total
202S
Charitabk acliwties
Ajlocaled support costs
245,818
3,587
66.580
312,398
3.587
249.405
66.580
315.985
Unrestricted
funds
General
Restricted
fund5
Total
2024
Charitablè aotivilies
Alocated support costs
228,486
2,577
1 t)0,477
328,963
2.577
231,063
100,477
331,540
7 Analysis of support costs
Charitable activities axpenditure
Unrestricted
funds
General
Total
2025
Independent Examination Fees
Payroll fees
2,741
2,741
e46
3,587
3,587
Unrestrlcted
funds
General
Total
2024
Independent Examinatlon Fees
2,577
2.577
8 Trustees remuneration and expenses
No remuneration or other benefi18 from employment with the Charity or related enlily were received by
the TTU$tees.
Page 17

Wlngs South West
Notes to the Flnanclal Statements for the Year Ended 31 August 2025
9 Staff cost5
The aggregate payroll cosls were as lollows..
2025
2024
staff Costs during the year wwe:
Wages and salaries
Social security costs
Pension costs
234.437
8,472
4,609
232,312
17,547
4.355
247,518
254.214
The monthly average number of persons (including senior management I leadership team) employed
by the charity during the year was as follows:
2025
2024
No
13
Operational slaff
No employee receNed emoluments of more than £60,CI)O during the year.
10 Independent examiner's remuneralion
2025
2024
Independent Examination Fees
2,741
2.577
Page 18

Wings South West
Notes to the Flnancial Statements for the Year Ended 31 August 2025
11 Taxatlon
The charity Is 8 reglstered d)arity and is therefore exempl from taxation.
12 Tanglble fixed asset5
Land and
bulldings
Motor
vohlcles
Computer
equipment
Equipment
Totsl
Cosl
Al I Septemker
2024
Addltions
Disposal$
275,764
98,593
967
238
52,380
26,701
764
453,438
1,731
2381
At 31 August
2025
275.764
99.322
52,380
27.465
454.931
Depreciation
Al 1 September
2024
Charge for Ihe
year
Eliminated on
disposals
20,738
71.921
49,916
13,693
156,268
2,757
5,514
616
2.C66
10,953
160}
1160
At 31 August
2025
23,495
77,275
50,532
15,759
167.061
Net book value
At 31 August
2025
252.269
22.047
1.848
11,706
287,870
At 31 August
2024
255,026
26,672
2,464
13.008
297.170
Page 19

Wings South West
Notes to the Financlal Statements for the Year Ended 31 August 2025
13 Debtors
2025
2024
Trade debt￿8
Prepayments
VAT recoverable
Other debtors
770
4.820
1,943
4.203
237
6,022
2.340
2.809
11,736
11,408
14 Cash and cash èquivalents
2025
2024
Cash at bank
330.524
270,860
15 Creditors: #mounts falling due within one year
2025
2024
Trade creditors
other tsxalion and social security
Olher Creditors
Accruals
360
3,637
1,936
2,625
8.558
371
5.879
1,144
2.500
9,894
16 Pension and other schemes
Defined contribulion pension scheme
The charity operates a defined ¢onlribulion pension scheme. The pension cost charge for the year
represents Contributions payable by the charity to the scherne and amounted lo £4.609 12024
£4,355}.
Page 20

Wings South West
Notes to the Financlal Statements for the Year Ended 31 August 2025
17 Funds
Balancg at
Balance at
31 August
2025
Septèmber
2024
Incoming Resources
resources
expended
Transfèrs
Unrestri¢ted funds
General Funds
Fixed Asset Fund
249,374
297,170
546.544
277,581
1238,4521
10,953
1249,405)
17011
1,653
952
287.802
287,870
277,581
575.672
Restricted funds
garry and Peggy High
Foundation
Awards for Al
Torridge DC
Abbotsham Baptist
eook Relief UK
Toyota
13,01)0
50,000
19.880
18,600
1,000
148,0001
11,3801
(15.200)
11,0001
11.0001
15,000
18,500
12.400
9,000
1,000
952
{9521
1952
23.000
90.432
66,580
45,900
Total funds
569.544
368 013
1315.985
621.572
Separate unrestricted fvnds have been oreated to represent the appropriate book values of the
tangible fixed assets held in the accounts.
Where restricted funds are received for capitsl expenditure and the expenditure has been fully mel
and fvnds used. the restriction is deemed lo be lifted and the asset value is transferred lo, and
regarded as unrestricted, within the designated tangible fixed asset fund from then on.
We are indebted to the Barry and Peggy High Foundation and Torridoe District Council for their
continuing support this year.
Page 21

Wlngs South West
Notes to the Flnanclal Statements for the Year Ended 31 August 2025
Balance at
Balance at
31 August
2024
September
2023
Incoming
rèsources
Resources
axpended
Translefs
Unrestricted fund5
General Funds
Fixed Asset Fund
237,009
303,201
234.397
1218,5231
112,5401
231.063
{3,509)
6,509
3.000
249,374
297,170
540.210
234,397
546,544
Restri¢ted funds
Barry and Peggy High
Foundation
Awards for Al
ASDA
Torridge DC
Abbotsham Baptist
Parish Council
Bideford Bridge Trust
Book Relief UK
NDVS
ND A￿antIC Classic
MCC
Disabled Learner5
Bideford Rotary
23.500
50,000
8,800
400
24,400
1,000
200
2,000
1.CQO
1,333
160,5001
18,8001
1400}
122,2001
11,o¢X)}
12001
13,000
6.800
9,000
12.0001
1.000
{1,3331
1,000
5.544
500
11.0001
15,5441
(5001
100,477
30.300
96.177
3,000
23,000
Total funds
570,510
330.574
331,540
569,544
The specific purposes for whlch the funds are to be applied are as follows..
The Barry and Peggy High Foundation grant went towards work with disadvantaged chlldren and
adults.
AJI other listed funds represent other fully or parually satisfied grant income in the year that has been
spent. Al other funds included here relate lo funding towards salaries of employees of the Charity or
specific purchasing of project resources.
Page 22

Wlngs South West
Notes to the Financial Statements for the Year Ended 31 August 2025
18 Analysis of net a55ets between funds
Unrestricted
funds
General
Total fvnds
at 31 August
2025
Restricted
nds
Tangible fixed assets
Current assets
Current liabilities
287,870
296,360
8,558
287.870
342,260
{8.5581
621.572
45,900
Total net assets
575.672
45,900
Unrnstrictèd
fvnds
General
Total funds
at 31 August
2024
Restricted
funds
Tangible fixed assets
Current assets
Current liabilities
297,170
259,268
19,894
546,544
297,170
282,268
9,8941
23,000
Total net assets
23.000
569.544
19 Related party Iransactions
During the year. the charity las a Company Limited by Guarantee) paid remuneration under
emplO￿￿ent wnlract to one of its two Founding Dire¢tors.
Paul Bowser received total remunerati¢Jn of £17.064 12024: £16.5671 for his role as CEO, Paul is
ernployed lo his relevant expertise and experiencE lor the FM)$t. The appointment arKI remuneration is
permitted under the Articles and Memorandum of ivings South Wesl.
Page 23