**The Little Wings Foundation** (a company limited by guarantee) Company number: 6897759 Charity Commission number:1138376
**Report and Annual accounts 2024** 01-01-2024/31-12-2024
## **TABLE OF CONTENT**
|**TABLE OF CONTENT**||
|---|---|
||Page|
|Report of the trustees|3|
|Statement of financial activities|8|
|Balance sheet|9|
|Notes to the accounts|10|
Page 2 of 12
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 DECEMBER 2024**
The trustees are pleased to present their annual report for the year ending 31 December 2024 which are also prepared to meet the requirements of the Directors' report and annual accounts for Companies Act and Charity Commission purposes.
The annual accounts comply with the Charities Act 2012, the Companies Act 2006, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (Sorp 2019).
## **Letter from the trustees**
We are pleased to present the Charity’s annual report and accounts for the year ending 31 December 2024.
Due to the ongoing war in Gaza, after careful consideration it was decided that no surgical missions could take place in 2024. The risks to our surgical team were too great to carry out any missions. We focused our efforts on fundraising and replacing the surgical equipment handed over to the European Gaza hospital at the end of 2023. Extensive discussions have been taking place on how we can best serve the huge numbers of child amputees in Gaza once a ceasefire is achieved.
We were able to help a child from Jordan with post-operative physiotherapy who had surgery in Dubai, funded by another charity. Physiotherapy was essential to maximize the outcomes of her extensive orthopaedic surgery.
The trustees have no incidents to report in 2024. We hope for peace in Gaza so we can return in 2025.
Seonaid Biagioni, Trustee Gillian Beale, Trustee Maher Roz, Trustee Haya Shahin, Trustee Marc Sinclair, Trustee
Page 3 of 12
## **Our purposes and activities**
The purposes of the charity are:
1) The relief of sickness and the preservation and protection of good health of children under the age of 18 living in Asia, including the middle East, and Africa (the area of benefit) with limb deformities, acquired or congenital, by providing or assisting in the provision of medical treatment, equipment, facilities and services.
2) To advance the education of the public in all areas relating to limb deformities, thereby increasing the early detection of children's limb deformities.
3) To encourage, promote and facilitate clinical research relating to limb deformities in children within the area of benefit and to disseminate the useful results of any such research for the public benefit.
The vision that shapes our annual activities remains helping children with limb deformities, independent of race, religion or gender to overcome their physical limitations and contribute actively to their society.
## **Reference and administrative details**
Company number 6897759 Charity Commission number 1138376 Registered office The Little Wings Foundation First Floor 10 Queen Street Place London EC4R 1BE United Kingdom Trustees (who are also the Directors) Seonaid Biagioni, Dr. Marc Sinclair, Maher Roz, Gillian Beale Trustees Haya Shahin
## **Structure, governance and management**
The Little Wings Foundation is a company limited by guarantee incorporated May 6, 2009. The company is governed by its Memorandum and Articles of association dated April 25, 2009, last amended July 14, 2010. The liability of each member in the event of winding-up is limited to £ 10.
- Membership is open to other individuals or organizations who: - apply to the charity in the form required by the Directors; and
- are approved by the directors
The Little Wings Foundation was registered with the Charity Commission on 12 October 2010.
## **Appointment of Trustees (Directors)**
As set out in the Articles of Association, the Charity may by ordinary resolution appoint a person who is willing to act to be a Director and determine the rotation in which any additional Directors are to retire.
No person other than a Director retiring by rotation may be appointed a Director at any general meeting unless he or she is recommended for re-election by the Directors or not less than fourteen nor more than thirty-five clear days before the date of the meeting, the charity is given notice that:
- is signed by a member entitled to vote at the meeting;
Page 4 of 12
- states the member's intention to propose the appointment of a person as a Director;
- contains the details that, if the person were to be appointed the charity would have to file at Companies
- House; and
- is signed by the person who is to be proposed to show his or her willingness to be appointed.
## **Reserves policy**
At the end of 2020 we implemented a reserves policy.
Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned or emergency expenditures. After the Charity Commission review they advised for a reserves policy to be put in place. The reserves policy requires for a minimum reserve of GBP 14,000.
At the end of 2024 the actual reserves are GBP 37,730.
Page 5 of 12
## **Trustees' responsibilities in relation to the annual accounts**
The charity trustees (who are also the directors of The Little Wings Foundation for the purpose of company law) are responsible for preparing a trustees' annual report and annual accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law and the law applicable to charities in England and Wales requires the charity trustees to prepare annual accounts for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure for that period. In preparing the annual accounts, the trustees are required to:
select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; state wheter applicable accounting standards have been followed, subject to any material departures disclosed and explained in the annual accounts; prepare the annual accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Seonaid Biagioni, Director & Trustee Dr. Marc Sinclair, Director & Trustee Maher Roz, Director & Trustee Gillian Beale, Director & Trustee Haya Shahin, Trustee
Page 6 of 12
## **STATEMENT OF FINANCIAL ACTIVITIES**
|In GBP
Note
**INCOME RESOURCES**
**Income resources from generated funds**
**Voluntary income**
Donations
4
Discounts/Refunds Given
**Total incoming resources**
**RESOURCES EXPENDED**
**Charitable activities**
Treatment
5.1
**Governance costs**
5.2
**Other Income or Expenditures**
Exchange Loss
5.3
Inventory Write-Off
8
Debtors Write-Off
9
Creditors Reversal
**Total resources expended**
**NET MOVEMENT IN FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted funds**
**2024**
**2023**
62,111
13,424
0
0
62,111
13,424
12,366
21,342
9,187
2,867
367
537
2,461
266
(1,848)
22,799
24,746
2,616
(11,322)
35,114
46,436
37,730
35,114|**Unrestricted funds**
**2024**
**2023**
62,111
13,424
0
0
62,111
13,424
12,366
21,342
9,187
2,867
367
537
2,461
266
(1,848)
22,799
24,746
2,616
(11,322)
35,114
46,436
37,730
35,114|
|---|---|---|
|||13,424|
|||21,342
2,867
537|
|||24,746|
|||(11,322)
46,436|
|||35,114|
Page 7 of 12
## **BALANCE SHEET** In GBP **Unrestricted funds**
In GBP
||Note|**2024**|**2023**|
|---|---|---|---|
|**FIXED ASSETS**||||
|Tangible assets|7|36,697|0|
|**Total fixed assets**||36,697|0|
|**CURRENT ASSETS**||||
|Inventory|8|0|2,461|
|Debtors|9|0|266|
|Cash at bank and in hand|10|37,730|35,114|
|**Total current assets**||37,730|37,841|
|**LIABILITIES**||||
|Creditors: amounts falling due within one year||0|1,848|
|Accrued expenses||0|0|
|||0|1,848|
|**Net current assets**||37,730|35,993|
|||||
|**NET ASSETS**||74,427|35,993|
|**FUNDS OF THE CHARITY**||||
|Unrestricted funds, general||37,730|35,993|
|Unrestricted funds, designated||0|0|
|**Total funds**||37,730|35,993|
(a) For the year ended 31-12-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
(b) Members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006;
(c) The directors acknowledge their responsibility for:
i. ensuring the company keeps accounting records which comply with section 386 of the Companies Act 2006; and
ii. preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year, in accordance with the requirements of section 396 of the Companies Act 2006, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as applicable to the company.
(d) The accounts have been prepared in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime.
(e) The accounts have been delivered in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime.
Signed by
___________________ Seonaid Biagioni (Sep 29, 2025 09:25:00 GMT+1) ___________________ Dr. Marc Sinclair (Sep 29, 2025 08:32:22 GMT+1) Seonaid Biagioni Dr. Marc Sinclair
___________________ __________________ Gillian Beale (Sep 29, 2025 12:12:10 GMT+4) Maher Roz Gillian Beale
Approved by the members on September 27, 2025
Page 8 of 12
## **NOTES TO THE ACCOUNTS**
## Note **1 ORGANIZATION**
The Little Wings Foundation is a company limited by guarantee governed by its Memorandum and Articles of Association dated 25 April 2009, last amended 14 July 2010.
The Little Wings Foundation is registered with the Charity Commission on 12 October 2010. The liability of each member in the event of winding-up is limited to £ 10.
The charity’s objectives are:
1) To provide, or facilitate the provision of, medical treatment for children with limb deformities (acquired or congenital), from birth to 18 years of age within Asia, including the Middle East, and Africa;
2) To raise awareness and advance the education of the general public in all areas relating to limb deformities;
- 3) To promote clinical research regarding limb deformities in Asia, including the Middle East, and Africa.
## Note **2 PRESENTATION OF THE ANNUAL ACCOUNTS**
The activities of the charity are concentrated in the MENA region. Since the foundation mainly operates from Dubai, United Arab Emirates, the transactions of the charity are mostly in United Arab Emirates Dirhams. However the annual accounts are presented in British Pounds (GBP) given the charity is registered in the United Kingdom.
## Note **3 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**
The annual accounts comply with the Charities Act 1993, the Companies Act 1985 en 2006, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (Sorp 2005).
The Charity maintains its accounts on the accrual basis of accounting. The annual accounts have been prepared under the historic cost convention.
## **Recognition of incoming resources**
These are included in the Statement of Financial Activities (SoFA) when:
- the charity becomes entitled to the resources;
- the trustees are virtually certain they will receive the resources; and
- the monetary value can be measured with sufficient reliability.
## **Foreign currency**
Transactions in foreign currency are recorded using the current exchange rate on the date of the transaction.
Any remaining balance of foreign currency at balance date are adjusted to its amount at the current exchange rate on the fiscal year end date. The exchange rate gain or loss is recorded as results on foreign exchange rates.
## **Incoming resources with related expenditure**
Where incoming resources have related expenditure (as with fundraising) the incoming resources and related expenditure are reported gross in the SoFA.
## **Donations**
Donations are only included in the SoFA when the charity has unconditional entitlement to the resources.
## **Gifts in kind**
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity.
Page 9 of 12
## Note **3 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** (cont.)
## **Donated services**
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is estimated by the Trustees at the amount the charity would have been willing to pay on the open market.
## **Volunteer help**
The value of any voluntary help received is not included in the annual accounts
## **Liability recognition**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to make a payment to a third party.
## **Governance costs**
All costs not identifiable with a single charity or fundraising activity; but indispensable to the conduct of such activities and to the charities existence. Include costs of the preparation and examination of statutory accounts and cost of any legal advice to trustees on governance or constitutional matters.
## **Fund accounting**
Unrestricted funds are available to use to further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which have been set aside to fund particular future activities of the charity.
## **Tangible fixed assets**
These are capitalised if they can be used for more than one year, and cost at least AED 10,000. They are capitalised at cost and are depreciated on a straight line basis over their estimated useful lives.
## **Inventory**
Inventory consist primarily of medical supplies These inventories are recorded at the lower of cost or net realisable value.
## Note **4 ANALYSIS OF INCOMING RESOURCES**
In GBP
|**4 Voluntary income**
Donations, general
Gifts in Kind, medical supplies
Received discounts on medical invoices
Donated services, surgeon fee
Refunds given
**Total voluntary income**|**2024**
62,111
0
0
0
0
62,111|**2023**
13,424
0
0
0
0|
|---|---|---|
|||13,424|
An equivalent charge for gifts in kind is included in the expenses for treatment An equivalent charge for donated surgeon fees is included in the expenses for treatment.
Page 10 of 12
## Note **5 ANALYSIS OF RESOURCES EXPENDED**
In GBP
|**2024**
**5.1 Charitable activities**
**Treatment**
Missions
Surgeon fees
0
Medical supplies
2,892
Travel expenses
0
Total missions
2,892
Treatment of children
Hospital expenses
0
Medical supplies
0
Surgeon fees
0
Travel expenses
0
Other
0
Total treatment of children
0
Depreciation costs medical equipment
9,474
Repair and maintenance medical equipment
0
**Total treatment**
12,366
**5.2 Governance costs**
Office supplies
0
Printing & publications
0
Legal fees
8,422
Postage
0
Internet, telephone
0
Website
533
Travel expenses
0
Bank charges and other costs
233
Interest
0
Miscellaneous
0
Result on foreign exchange rates
0
**Totalgovernance costs**
9,187
**5.3 Exchange Loss**
Due to cash held in multiple currencies and the conversion of those into GBP an
367
exchange gain is being recorded
|**2023**
0
13,519
7,823|
|---|---|
||21,342|
||0
0
0
0
0|
||0|
||0
0|
||21,342|
||0
277
1,806
0
0
582
0
203
0
0
0|
||2,867|
||537|
## Note **6 TRUSTEE EXPENSES**
## In GBP
In the period 2024 no trustee received reimbursement for out-of-pocket expenses
||**2024**|**2023**||
|---|---|---|---|
|Travel expenses general|0||0|
Page 11 of 12
## Note **7 TANGIBLE FIXED ASSETS**
|In GBP
**Costs**
As per January 1, 2024
Additions
As per December 31, 2024
**Depreciation**
As per January 1, 2024
Depreciation
As per December 31, 2024
**Net value**
As per January 1, 2024
As per December 31, 2024
The medical equipment has an estimate useful life of 5 years.
The office equipment has an estimate useful life of 3 years.
Note**8INVENTORY**
In GBP
Inventory medical supplies
Inventory was obsolete and has been written-off in 2024.
Note**9ACCOUNTS RECEIVABLE**
In GBP
Accounts receivable
Accounts receivable has been written-off in 2024
Note**10CASH AT BANK AND IN HAND**
In GBP
Cash in hand
Cash at bank, HSBC account
Cash at bank, HSBC GBP account|Medical
Equipment
29,505
46,171
75,676
29,505
9,474
38,979
0
36,697|Office
Equipment
750
0
750
750
0
750
0
0
**2024**
0
0
6,178
1,362
30,191
37,730|Total
30,255
46,171|
|---|---|---|---|
||||76,426|
||||30,255
9,474|
||||39,729
0
36,697
**2023**
2,461
266
2,480
6,295
26,339|
||||35,114|
Page 12 of 12
## Annual Report_2024_TLWF_FINAL
Final Audit Report
2025-09-29
Created: 2025-09-29 By: Maher Roz (maher.roz@gmail.com) Status: Signed Transaction ID: CBJCHBCAABAARZfs7C8HX6hpI_fQKPOoLX7ZBYJazpW2
## "Annual Report_2024_TLWF_FINAL" History
## Document created by Maher Roz (maher.roz@gmail.com)
2025-09-29 - 7:17:39 AM GMT- IP address: 94.201.98.124
- Document emailed to Maher Roz (maher.roz@gmail.com) for signature
2025-09-29 - 7:17:45 AM GMT
- Document emailed to Seonaid Biagioni (seonaidb68@gmail.com) for signature 2025-09-29 - 7:17:45 AM GMT
- Document emailed to Dr. Marc Sinclair (dr.marcsinclair@gmail.com) for signature 2025-09-29 - 7:17:46 AM GMT
- Document emailed to Gillian Beale (gfcmuir@hotmail.com) for signature
2025-09-29 - 7:17:46 AM GMT
- Email viewed by Maher Roz (maher.roz@gmail.com)
2025-09-29 - 7:17:55 AM GMT- IP address: 66.249.93.101
## Document e-signed by Maher Roz (maher.roz@gmail.com)
Signature Date: 2025-09-29 - 7:20:08 AM GMT - Time Source: server- IP address: 94.201.98.124
## Email viewed by Seonaid Biagioni (seonaidb68@gmail.com)
2025-09-29 - 7:24:28 AM GMT- IP address: 66.249.93.99
- Email viewed by Dr. Marc Sinclair (dr.marcsinclair@gmail.com)
2025-09-29 - 7:31:46 AM GMT- IP address: 66.249.93.98
- Document e-signed by Dr. Marc Sinclair (dr.marcsinclair@gmail.com)
Signature Date: 2025-09-29 - 7:32:22 AM GMT - Time Source: server- IP address: 85.242.95.223
- Email viewed by Gillian Beale (gfcmuir@hotmail.com)
2025-09-29 - 8:10:38 AM GMT- IP address: 5.38.65.134
- Document e-signed by Gillian Beale (gfcmuir@hotmail.com) Signature Date: 2025-09-29 - 8:12:10 AM GMT - Time Source: server- IP address: 5.38.65.134
- Document e-signed by Seonaid Biagioni (seonaidb68@gmail.com) Signature Date: 2025-09-29 - 8:25:00 AM GMT - Time Source: server- IP address: 82.132.217.59
## Agreement completed.
2025-09-29 - 8:25:00 AM GMT
**The Little Wings Foundation** (a company limited by guarantee) Company number: 6897759 Charity Commission number:1138376
**Report and Annual accounts 2024** 01-01-2024/31-12-2024
## **TABLE OF CONTENT**
|**TABLE OF CONTENT**||
|---|---|
||Page|
|Report of the trustees|3|
|Statement of financial activities|8|
|Balance sheet|9|
|Notes to the accounts|10|
Page 2 of 12
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDING 31 DECEMBER 2024**
The trustees are pleased to present their annual report for the year ending 31 December 2024 which are also prepared to meet the requirements of the Directors' report and annual accounts for Companies Act and Charity Commission purposes.
The annual accounts comply with the Charities Act 2012, the Companies Act 2006, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (Sorp 2019).
## **Letter from the trustees**
We are pleased to present the Charity’s annual report and accounts for the year ending 31 December 2024.
Due to the ongoing war in Gaza, after careful consideration it was decided that no surgical missions could take place in 2024. The risks to our surgical team were too great to carry out any missions. We focused our efforts on fundraising and replacing the surgical equipment handed over to the European Gaza hospital at the end of 2023. Extensive discussions have been taking place on how we can best serve the huge numbers of child amputees in Gaza once a ceasefire is achieved.
We were able to help a child from Jordan with post-operative physiotherapy who had surgery in Dubai, funded by another charity. Physiotherapy was essential to maximize the outcomes of her extensive orthopaedic surgery.
The trustees have no incidents to report in 2024. We hope for peace in Gaza so we can return in 2025.
Seonaid Biagioni, Trustee Gillian Beale, Trustee Maher Roz, Trustee Haya Shahin, Trustee Marc Sinclair, Trustee
Page 3 of 12
## **Our purposes and activities**
The purposes of the charity are:
1) The relief of sickness and the preservation and protection of good health of children under the age of 18 living in Asia, including the middle East, and Africa (the area of benefit) with limb deformities, acquired or congenital, by providing or assisting in the provision of medical treatment, equipment, facilities and services.
2) To advance the education of the public in all areas relating to limb deformities, thereby increasing the early detection of children's limb deformities.
3) To encourage, promote and facilitate clinical research relating to limb deformities in children within the area of benefit and to disseminate the useful results of any such research for the public benefit.
The vision that shapes our annual activities remains helping children with limb deformities, independent of race, religion or gender to overcome their physical limitations and contribute actively to their society.
## **Reference and administrative details**
Company number 6897759 Charity Commission number 1138376 Registered office The Little Wings Foundation First Floor 10 Queen Street Place London EC4R 1BE United Kingdom Trustees (who are also the Directors) Seonaid Biagioni, Dr. Marc Sinclair, Maher Roz, Gillian Beale Trustees Haya Shahin
## **Structure, governance and management**
The Little Wings Foundation is a company limited by guarantee incorporated May 6, 2009. The company is governed by its Memorandum and Articles of association dated April 25, 2009, last amended July 14, 2010. The liability of each member in the event of winding-up is limited to £ 10.
- Membership is open to other individuals or organizations who: - apply to the charity in the form required by the Directors; and
- are approved by the directors
The Little Wings Foundation was registered with the Charity Commission on 12 October 2010.
## **Appointment of Trustees (Directors)**
As set out in the Articles of Association, the Charity may by ordinary resolution appoint a person who is willing to act to be a Director and determine the rotation in which any additional Directors are to retire.
No person other than a Director retiring by rotation may be appointed a Director at any general meeting unless he or she is recommended for re-election by the Directors or not less than fourteen nor more than thirty-five clear days before the date of the meeting, the charity is given notice that:
- is signed by a member entitled to vote at the meeting;
Page 4 of 12
- states the member's intention to propose the appointment of a person as a Director;
- contains the details that, if the person were to be appointed the charity would have to file at Companies
- House; and
- is signed by the person who is to be proposed to show his or her willingness to be appointed.
## **Reserves policy**
At the end of 2020 we implemented a reserves policy.
Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned or emergency expenditures. After the Charity Commission review they advised for a reserves policy to be put in place. The reserves policy requires for a minimum reserve of GBP 14,000.
At the end of 2024 the actual reserves are GBP 37,730.
Page 5 of 12
## **Trustees' responsibilities in relation to the annual accounts**
The charity trustees (who are also the directors of The Little Wings Foundation for the purpose of company law) are responsible for preparing a trustees' annual report and annual accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law and the law applicable to charities in England and Wales requires the charity trustees to prepare annual accounts for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure for that period. In preparing the annual accounts, the trustees are required to:
select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; state wheter applicable accounting standards have been followed, subject to any material departures disclosed and explained in the annual accounts; prepare the annual accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Seonaid Biagioni, Director & Trustee Dr. Marc Sinclair, Director & Trustee Maher Roz, Director & Trustee Gillian Beale, Director & Trustee Haya Shahin, Trustee
Page 6 of 12
## **STATEMENT OF FINANCIAL ACTIVITIES**
|In GBP
Note
**INCOME RESOURCES**
**Income resources from generated funds**
**Voluntary income**
Donations
4
Discounts/Refunds Given
**Total incoming resources**
**RESOURCES EXPENDED**
**Charitable activities**
Treatment
5.1
**Governance costs**
5.2
**Other Income or Expenditures**
Exchange Loss
5.3
Inventory Write-Off
8
Debtors Write-Off
9
Creditors Reversal
**Total resources expended**
**NET MOVEMENT IN FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted funds**
**2024**
**2023**
62,111
13,424
0
0
62,111
13,424
12,366
21,342
9,187
2,867
367
537
2,461
266
(1,848)
22,799
24,746
2,616
(11,322)
35,114
46,436
37,730
35,114|**Unrestricted funds**
**2024**
**2023**
62,111
13,424
0
0
62,111
13,424
12,366
21,342
9,187
2,867
367
537
2,461
266
(1,848)
22,799
24,746
2,616
(11,322)
35,114
46,436
37,730
35,114|
|---|---|---|
|||13,424|
|||21,342
2,867
537|
|||24,746|
|||(11,322)
46,436|
|||35,114|
Page 7 of 12
## **BALANCE SHEET** In GBP **Unrestricted funds**
In GBP
||Note|**2024**|**2023**|
|---|---|---|---|
|**FIXED ASSETS**||||
|Tangible assets|7|36,697|0|
|**Total fixed assets**||36,697|0|
|**CURRENT ASSETS**||||
|Inventory|8|0|2,461|
|Debtors|9|0|266|
|Cash at bank and in hand|10|37,730|35,114|
|**Total current assets**||37,730|37,841|
|**LIABILITIES**||||
|Creditors: amounts falling due within one year||0|1,848|
|Accrued expenses||0|0|
|||0|1,848|
|**Net current assets**||37,730|35,993|
|||||
|**NET ASSETS**||74,427|35,993|
|**FUNDS OF THE CHARITY**||||
|Unrestricted funds, general||37,730|35,993|
|Unrestricted funds, designated||0|0|
|**Total funds**||37,730|35,993|
(a) For the year ended 31-12-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
(b) Members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006;
(c) The directors acknowledge their responsibility for:
i. ensuring the company keeps accounting records which comply with section 386 of the Companies Act 2006; and
ii. preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year, in accordance with the requirements of section 396 of the Companies Act 2006, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as applicable to the company.
(d) The accounts have been prepared in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime.
(e) The accounts have been delivered in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime.
Signed by
___________________ Seonaid Biagioni (Sep 29, 2025 09:25:00 GMT+1) ___________________ Dr. Marc Sinclair (Sep 29, 2025 08:32:22 GMT+1) Seonaid Biagioni Dr. Marc Sinclair
___________________ __________________ Gillian Beale (Sep 29, 2025 12:12:10 GMT+4) Maher Roz Gillian Beale
Approved by the members on September 27, 2025
Page 8 of 12
## **NOTES TO THE ACCOUNTS**
## Note **1 ORGANIZATION**
The Little Wings Foundation is a company limited by guarantee governed by its Memorandum and Articles of Association dated 25 April 2009, last amended 14 July 2010.
The Little Wings Foundation is registered with the Charity Commission on 12 October 2010. The liability of each member in the event of winding-up is limited to £ 10.
The charity’s objectives are:
1) To provide, or facilitate the provision of, medical treatment for children with limb deformities (acquired or congenital), from birth to 18 years of age within Asia, including the Middle East, and Africa;
2) To raise awareness and advance the education of the general public in all areas relating to limb deformities;
- 3) To promote clinical research regarding limb deformities in Asia, including the Middle East, and Africa.
## Note **2 PRESENTATION OF THE ANNUAL ACCOUNTS**
The activities of the charity are concentrated in the MENA region. Since the foundation mainly operates from Dubai, United Arab Emirates, the transactions of the charity are mostly in United Arab Emirates Dirhams. However the annual accounts are presented in British Pounds (GBP) given the charity is registered in the United Kingdom.
## Note **3 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**
The annual accounts comply with the Charities Act 1993, the Companies Act 1985 en 2006, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (Sorp 2005).
The Charity maintains its accounts on the accrual basis of accounting. The annual accounts have been prepared under the historic cost convention.
## **Recognition of incoming resources**
These are included in the Statement of Financial Activities (SoFA) when:
- the charity becomes entitled to the resources;
- the trustees are virtually certain they will receive the resources; and
- the monetary value can be measured with sufficient reliability.
## **Foreign currency**
Transactions in foreign currency are recorded using the current exchange rate on the date of the transaction.
Any remaining balance of foreign currency at balance date are adjusted to its amount at the current exchange rate on the fiscal year end date. The exchange rate gain or loss is recorded as results on foreign exchange rates.
## **Incoming resources with related expenditure**
Where incoming resources have related expenditure (as with fundraising) the incoming resources and related expenditure are reported gross in the SoFA.
## **Donations**
Donations are only included in the SoFA when the charity has unconditional entitlement to the resources.
## **Gifts in kind**
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity.
Page 9 of 12
## Note **3 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES** (cont.)
## **Donated services**
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is estimated by the Trustees at the amount the charity would have been willing to pay on the open market.
## **Volunteer help**
The value of any voluntary help received is not included in the annual accounts
## **Liability recognition**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to make a payment to a third party.
## **Governance costs**
All costs not identifiable with a single charity or fundraising activity; but indispensable to the conduct of such activities and to the charities existence. Include costs of the preparation and examination of statutory accounts and cost of any legal advice to trustees on governance or constitutional matters.
## **Fund accounting**
Unrestricted funds are available to use to further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which have been set aside to fund particular future activities of the charity.
## **Tangible fixed assets**
These are capitalised if they can be used for more than one year, and cost at least AED 10,000. They are capitalised at cost and are depreciated on a straight line basis over their estimated useful lives.
## **Inventory**
Inventory consist primarily of medical supplies These inventories are recorded at the lower of cost or net realisable value.
## Note **4 ANALYSIS OF INCOMING RESOURCES**
In GBP
|**4 Voluntary income**
Donations, general
Gifts in Kind, medical supplies
Received discounts on medical invoices
Donated services, surgeon fee
Refunds given
**Total voluntary income**|**2024**
62,111
0
0
0
0
62,111|**2023**
13,424
0
0
0
0|
|---|---|---|
|||13,424|
An equivalent charge for gifts in kind is included in the expenses for treatment An equivalent charge for donated surgeon fees is included in the expenses for treatment.
Page 10 of 12
## Note **5 ANALYSIS OF RESOURCES EXPENDED**
In GBP
|**2024**
**5.1 Charitable activities**
**Treatment**
Missions
Surgeon fees
0
Medical supplies
2,892
Travel expenses
0
Total missions
2,892
Treatment of children
Hospital expenses
0
Medical supplies
0
Surgeon fees
0
Travel expenses
0
Other
0
Total treatment of children
0
Depreciation costs medical equipment
9,474
Repair and maintenance medical equipment
0
**Total treatment**
12,366
**5.2 Governance costs**
Office supplies
0
Printing & publications
0
Legal fees
8,422
Postage
0
Internet, telephone
0
Website
533
Travel expenses
0
Bank charges and other costs
233
Interest
0
Miscellaneous
0
Result on foreign exchange rates
0
**Totalgovernance costs**
9,187
**5.3 Exchange Loss**
Due to cash held in multiple currencies and the conversion of those into GBP an
367
exchange gain is being recorded
|**2023**
0
13,519
7,823|
|---|---|
||21,342|
||0
0
0
0
0|
||0|
||0
0|
||21,342|
||0
277
1,806
0
0
582
0
203
0
0
0|
||2,867|
||537|
## Note **6 TRUSTEE EXPENSES**
## In GBP
In the period 2024 no trustee received reimbursement for out-of-pocket expenses
||**2024**|**2023**||
|---|---|---|---|
|Travel expenses general|0||0|
Page 11 of 12
## Note **7 TANGIBLE FIXED ASSETS**
|In GBP
**Costs**
As per January 1, 2024
Additions
As per December 31, 2024
**Depreciation**
As per January 1, 2024
Depreciation
As per December 31, 2024
**Net value**
As per January 1, 2024
As per December 31, 2024
The medical equipment has an estimate useful life of 5 years.
The office equipment has an estimate useful life of 3 years.
Note**8INVENTORY**
In GBP
Inventory medical supplies
Inventory was obsolete and has been written-off in 2024.
Note**9ACCOUNTS RECEIVABLE**
In GBP
Accounts receivable
Accounts receivable has been written-off in 2024
Note**10CASH AT BANK AND IN HAND**
In GBP
Cash in hand
Cash at bank, HSBC account
Cash at bank, HSBC GBP account|Medical
Equipment
29,505
46,171
75,676
29,505
9,474
38,979
0
36,697|Office
Equipment
750
0
750
750
0
750
0
0
**2024**
0
0
6,178
1,362
30,191
37,730|Total
30,255
46,171|
|---|---|---|---|
||||76,426|
||||30,255
9,474|
||||39,729
0
36,697
**2023**
2,461
266
2,480
6,295
26,339|
||||35,114|
Page 12 of 12
## Annual Report_2024_TLWF_FINAL
Final Audit Report
2025-09-29
Created: 2025-09-29 By: Maher Roz (maher.roz@gmail.com) Status: Signed Transaction ID: CBJCHBCAABAARZfs7C8HX6hpI_fQKPOoLX7ZBYJazpW2
## "Annual Report_2024_TLWF_FINAL" History
## Document created by Maher Roz (maher.roz@gmail.com)
2025-09-29 - 7:17:39 AM GMT- IP address: 94.201.98.124
- Document emailed to Maher Roz (maher.roz@gmail.com) for signature
2025-09-29 - 7:17:45 AM GMT
- Document emailed to Seonaid Biagioni (seonaidb68@gmail.com) for signature 2025-09-29 - 7:17:45 AM GMT
- Document emailed to Dr. Marc Sinclair (dr.marcsinclair@gmail.com) for signature 2025-09-29 - 7:17:46 AM GMT
- Document emailed to Gillian Beale (gfcmuir@hotmail.com) for signature
2025-09-29 - 7:17:46 AM GMT
- Email viewed by Maher Roz (maher.roz@gmail.com)
2025-09-29 - 7:17:55 AM GMT- IP address: 66.249.93.101
## Document e-signed by Maher Roz (maher.roz@gmail.com)
Signature Date: 2025-09-29 - 7:20:08 AM GMT - Time Source: server- IP address: 94.201.98.124
## Email viewed by Seonaid Biagioni (seonaidb68@gmail.com)
2025-09-29 - 7:24:28 AM GMT- IP address: 66.249.93.99
- Email viewed by Dr. Marc Sinclair (dr.marcsinclair@gmail.com)
2025-09-29 - 7:31:46 AM GMT- IP address: 66.249.93.98
- Document e-signed by Dr. Marc Sinclair (dr.marcsinclair@gmail.com)
Signature Date: 2025-09-29 - 7:32:22 AM GMT - Time Source: server- IP address: 85.242.95.223
- Email viewed by Gillian Beale (gfcmuir@hotmail.com)
2025-09-29 - 8:10:38 AM GMT- IP address: 5.38.65.134
- Document e-signed by Gillian Beale (gfcmuir@hotmail.com) Signature Date: 2025-09-29 - 8:12:10 AM GMT - Time Source: server- IP address: 5.38.65.134
- Document e-signed by Seonaid Biagioni (seonaidb68@gmail.com) Signature Date: 2025-09-29 - 8:25:00 AM GMT - Time Source: server- IP address: 82.132.217.59
## Agreement completed.
2025-09-29 - 8:25:00 AM GMT
CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examinerfs report
on the accounts
Section A
Independent Examinerfs Report
Reporttothe
trusteesldirectorsl
members of
The Little Wings
Foundatlon
On accounts for the year
ended
December 31st 2024
Charity n¢x=
1138376
Company no.:
6897759
Set out on pages
7-8
I report to the chartty trustees on my examination of the accounts of the
Company for the year end 3V 12 12024.
Responsibilities and
basis of report
As the charity's trustees of the Company (who are also the directors of the
company for the purposes of company law). you are responsible for the
preparation of the accounts in accordance with the requirements of the
Companies Act 2006 (he 2006 Acr,).
Having satisfied rnyself that the accounts of the Company are not required
to be audited for this year under Part 16 of the 2Q5 Act and are eligible for
independent exarnination. I report in respect of my examination of your
charity's accounts as carried out under section 145 of the Charities Act 2011
("the 2011 Acf). In carying out my examination. I have followed the
Directions given by the Charity Commission (under section 145(5)(b) of the
2011 Act.
Independent
examiner's statement
I have completed my examination. I confimi that no material matters have
come to my attention which gives me cause to believe that..
I have no COnrnS and have come across no other matters in connection
with the examination to which attention should be drawn in this report in
order to enable a proper urKlerstanding of the accounts to be reached,
IER
October 2018
Signed:
Date:
Name:
Relevant professional
qualification{s) or body
(If any):
PrLQ¢¥
Address:
He 3 bu2AI
Section B
Disi losure
Only cornplete rfthe examiner needs to highlight material matters of conrn
{see CC32. Independent exarnination of charty accounts: directions and
guidance for examiners).
Give here brief details of
any items that the
examiner wishes to
dlsclose.
IER
October 2018