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← Lia's Wings

2025-03-31-accounts

Charity Registration No. 1138457

Company Registration No. 06935959 (England and Wales)

==> picture [451 x 8] intentionally omitted <==

LIA’S WINGS LIMITED

(LIMITED BY GUARANTEE)

ANNUAL ACCOUNTS AND TRUSTEES' REPORT (INCLUDING THE DIRECTORS’ REPORT)

FOR THE YEAR ENDED 31 MARCH 2025

LIA’S WINGS LIMITED (LIMITED BY GUARANTEE) CONTENTS

Directors and Trustees Dean Gillespie (Chair)
James Mccarthy (Secretary)
Peter Lukac (Vice chair)
Patrick Schoennagel
Lee Doyle
Nicola Donnelly
Anna Mitchell
Shane Christian Dorsett
Melissa Schoennagel
Ambassadors Dr Dawn Harper
Advisors Dr Lee Collier
Registered Charity name Lia’s Wings Limited
Charity number 1138457
Company number 06935959
Registered office London Biggin Hill Airport
Hanger 1
Office 5B
Bromley
Kent
TN16 3BH
Website www.lias-wings.org.uk
Telephone 0300 140 9980

LIA’S WINGS LIMITED (LIMITED BY GUARANTEE) CONTENTS

Independent Examiner Mark Cummins FCCA FCIE
TC Group
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
Bankers CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
HSBC Bank Plc
PO Box 1EZ
196 Oxford Street
London
W1D 1NT

LIA’S WINGS LIMITED (LIMITED BY GUARANTEE) CONTENTS

Page
Trustees' Report (incorporating the Directors’ Report) 1
Statement of Trustees' Responsibilities 7
Independent Examiner’s Report 8
Statement of Financial Activities 9
Balance Sheet 10
Cash Flow Statement 11
Notes to the Accounts 12

LIA’S WINGS LIMITED

(LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCORPORATING THE DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The Lia’s Wings Limited Trustees and Directors present their Annual Report (including the Directors’ Report) for the year ended 31 March 2025, together with the accounts for the charity.

The accounts comply with the requirements of the Companies Act 2006, the Charities Act 2011, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Report from the Chair of Trustees

This has been our second year flying as Lia’s Wings and we are immensely proud of what we have achieved over the last twelve months. Lia’s legacy has been remembered and celebrated as we have provided vital care and support to families throughout the year, and she continues to shape who we are and what we do.

Key Achievements

We have achieved transformational growth throughout the year. We continue to be the only charity delivering life-saving air transfers by plane both within the UK and internationally. Alongside these urgent medical transfers, we provide tailored, wrap-around support for families to help them through a crisis, creating improved long-term health and wellbeing outcomes.

Key partnerships

Our success is entirely dependent on the incredible support of our partners, donors and supporters. We would like to give our heartfelt thanks to:

Also, we are very grateful to the support of the Sherling Charitable Trust, the National Philanthropic Trust, the Masonic Charitable Trust, the Zedra Trust, the Tula Trust, the Hospital Saturday Foundation, the Annie

LIA’S WINGS LIMITED

(LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCORPORATING THE DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2025

Tranmer Trust and the Helen Robertson Charitable Trust.

We are also deeply grateful to Patrick, Melissa, and John for entrusting us to carry Lia’s name forward.

About Lia’s Wings

Lia’s Wings envisions a future where every child and their family are given the opportunity to access the most appropriate healthcare and support for their immediate and ongoing needs. Lia’s Wings is the only charity providing delivering air transfers by plane to children both within the UK and internationally. We make sure babies and children receive the vital care they need, no matter where they are. Alongside this urgent medical help, we provide holistic wrap-around support for families to help them through these most difficult times.

We were registered in October 2010 as Lucy Air Ambulance but in April 2023, following the sad loss of Emilia Schoennagel, a very special girl, we rebranded as Lia’s Wings. This has signified an important new chapter in our growth and in her name, we are aiming to reach every child that needs us.

Our Values:

We are Valiant – we are big hearted, pioneering and speak up for the families that need our help.

We are Reliable – we listen and respond to what families need for however long they need us.

We are Brilliant – We are passionate and committed, and value every partnership that helps us transform children’s lives.

Through living these values as Lia’s Wings, we build our behaviours, attitudes and partnerships.

The NHS does not have any budget for air ambulance transfers and relies on Lia’s Wings to provide this essential service at no cost.

Objectives

The principal objectives of Lia’s Wings are:

"The relief of sickness for babies and children requiring expert medical care or relocation. We do this by facilitating the provision of a dedicated air transfer service throughout the UK and providing holistic support to their families."

The vision of Lia’s Wings is that safe, long-distance air transfers within the UK are available for any child needing one, regardless of distance or cost.

We believe every child is important and deserves the right treatment, in the right place, at the right time.

Achievements and Performance

As Chair of Lia’s Wings, it is a privilege to look back on our performance throughout 2024-25. We are very proud of the level of growth that we have achieved, helping more families year on year. We are particularly proud that we have continued to fulfil every single neonatal and paediatric transfer within the UK where our support was required.

Over the last twelve months, we have worked hard to strengthen our service, build resilience and forge new partnerships. We have focused on ensuring that every family we help, not only achieves safe and effective transfers but also the emotional and practical care they need in their most difficult time.

LIA’S WINGS LIMITED (LIMITED BY GUARANTEE)

TRUSTEES' REPORT (INCORPORATING THE DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The children we help will always remain at the very heart of all that we do. In the last twelve months, neonatal cases have made up 67% of our workload and 33% paediatric cases. This year, we flew a baby, Rio, from the Royal Cornwall Hospital to St Thomas’s Hospital in London. Rio was born eight weeks early while his family were on holiday. Due to complications during pregnancy, Rio urgently needed specialist care in London. By stepping in at such a critical moment, we were able to give Rio the best chance to thrive. Earlier this year, we also flew Spencer from Newcastle to London. Spencer is bravely battling Acute Lymphoblastic Leukaemia and required a transfer in an infection- controlled environment to access the vital treatment he needs. Our cases are often complex and vary wildly but as a charity that is not bound by geography, we have the capacity to respond to all referrals regardless of distance.

Requests for international air transfers have continued to grow this year, now representing 51% of our cases in the last year. This year marked our first flight to the USA and to Australia. One of our most notable cases was that of Sienna Rose, who, at 19-months suffered a sudden brain haemorrhage during a family holiday in Cancun. Sienna Rose required emergency surgery and her family were thousands of miles from home, facing overwhelming financial and emotional pressures. Lia’s Wings were able to step in immediately to coordinate the complex logistics of her ambulance transfer and working alongside the incredible generosity of the public, we were able to ensure that Sienna Rose was flown home to Liverpool within 5 days. The outcome of this transfer was truly life-changing, not only ensuring Sienna Rose had access to world-class care but also giving her parents the chance to focus on their family and heal after this trauma.

Lia’s Wings has always been more than just air transfers for children. We provide practical and emotional support from the moment we referral is made and continue as long as the family need us. We remain in touch with over 80% of our families that we have supported over the past 13 years and are looking to expand our family support hub in the future.

Our life changing work is only possible due to the outstanding generosity of our supporters. It has been another remarkable year in terms of fundraising, and we are continuing to work to diversify our income portfolio and invest in sustainable income streams. Our goal remains to generate enough income to fly every child that needs an aeroplane transfer and support every family that needs us.

Thank you to all of our funders who have supported us throughout 2024-25. We are immensely grateful for your generosity.

Public Benefit

In establishing the annual objectives and activities which fulfil Lia’s Wings overall aims, the Trustees have regard to the principles of public benefit at all times. The Trustees are aware of and have received copies of the Charity Commission's guidance regarding Public Benefit and have taken it into account, where relevant, in their planning and decision-making. Our service is delivering positive outcomes for those children and their families, benefiting physical and emotional health and well-being and reducing levels of stress. Developing our service The Trustees continue to monitor and explore opportunities that will contribute to the existing objectives. The key aims and objectives of the Trustees provide the vision for how the Charity will develop over the next 3 years. Aims include:

  1. To improve our neonatal and paediatric capability.

  2. To establish a more robust package of support for overseas air transfers.

  3. To formalise the Lia’s Wings family care package.

  4. To continue to build our profile within the NHS.

  5. 3 -

LIA’S WINGS LIMITED (LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCORPORATING THE DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2025

Fundraising and Communications

Our ability to raise funds is paramount to what we can deliver for the families that need us. Becoming Lia’s Wings has enabled us to grow our fundraising and we remain very grateful for all of the support that we receive in her name.

Equal Opportunities Policy

The charitable company is committed to eliminating any discrimination and promoting diversity and equality of opportunity in all it does. It is the charitable company's policy to ensure that no service user, employee or job applicant is treated less favourably, but not limited to, on the grounds of sex, race, sexual orientation, ethnic or national origin, disability, religion or age. Lia’s Wings complies with all statutory obligations and codes of practice relating to equal opportunities to ensure we eliminate discrimination and promote equality of opportunity.

Structure and Governance

This report has been prepared under the provisions applicable to small companies. Lias’ Wings Charity is a Registered Charity, number 1138457. It is a Company, number 06935959, limited by guarantee. The Charity is governed by its Memorandum and Articles of Association, which was updated and adopted by the Trustees at the May Board meeting. The Trustees who served during the period were as listed on the Legal and Administrative Information page. As of March 31st, 2025, there were 8 guarantors whose liability in the event of a winding up is limited to £10 each.

The directors of the company, who are also charity Trustees for the purposes of charity law, form the Board of Trustees. Two of the Trustees serve voluntarily as Treasurer and Company Secretary respectively. A full Board meeting is held at least six times during each period of 12 months. One Trustee is appointed as Chair and staff are invited to report on the service and fundraising activities.

The minimum number of Trustees is four; there is no maximum. Prospective Trustees are required to complete an application form and declare any conflicts of interest. No person is appointed to serve as a Trustee unless recommended by the existing Trustees. New Trustees are introduced to the Board and briefed as necessary in all aspects of 's objectives and policies Trustees are encouraged to seek training as appropriate, also to observe and follow the requirements and guidelines set down by the Charity Commission.

LIA’S WINGS LIMITED

(LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCORPORATING THE DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2025

Risk Management

The Trustees, together with staff, are implementing controls and procedures throughout the organisation to minimise external and internal risk and ensure consistent, high-quality care for the children and appropriate working conditions for the staff.

Risks have been identified to which the Charity is exposed and which might impact Lia’s Wings’ ability to achieve its objectives. To mitigate those risks, policies and procedures are being developed and they will be designed to provide reasonable, but not absolute, assurance against material misstatement or loss. The Trustees have established an ongoing process for identifying, evaluating and managing Lia’s Wings’ key risks. In particular, the following are areas that will be subject to ongoing monitoring:

The Trustees will continue to monitor the risks and the effectiveness of the system of control that has been put in place by the Charity.

Management

The CEO is responsible for ensuring that the delivery and standards of the service meet the objectives set out by the Trustees.

Financial Review

We are reporting on a 12-month period, 1st April 2024 to 31st March 2025. Gross income of £866,988 was achieved (2024: £785,708). Resources expended in the period were £1,001,844 (2024: £640,583). £791,180 (2024: £422,354) direct transfer costs were incurred in the year.

Reserves Policy

It is the policy of the Board to build sufficient unrestricted reserves to cover six months of expenditure. The Trustees have no plans to seek borrowings from any source. The £196,482 of unrestricted free reserves (unrestricted reserves less any tied up in fixed assets) (2024: £276,723) is available to help meet the Charity's running costs and charitable activities. This level of funds is sufficient to cover 6 months of expenditure (assuming a return to normal staffing and activity levels). The board seeks to increase the level of reserves over the coming months.

LIA’S WINGS LIMITED

(LIMITED BY GUARANTEE)

TRUSTEES' REPORT (INCORPORATING THE DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2025

A key objective of the Trustees is to ensure the Charity has adequate funding to safeguard its daily activities and meet its financial obligations and commitments. The Trustees are aware of the constant need to secure funding for future years.

Going Concern

Accounting standards require the Trustees to consider the appropriateness of the going concern basis when preparing the financial statements. The Trustees confirm that they consider the going concern basis remains appropriate.

The Trustees have taken notice of the Financial Reporting Council guidance “Going Concern and Liquidity Risk – Guidance for Directors of UK Companies 2009” which requires the reasons for this decision to be explained. The Trustees regard the going concern basis as remaining appropriate as the company has adequate resources to continue in operational existence for the foreseeable future. The Charity has sufficient reserves to make several transfers, and the income stream is growing to enable further transfers to be made in the future.

Statement as to Disclosure of Information to Independent Examiner

So far as the Trustees are aware, there is no relevant information of which the company's independent examiners are unaware. Each Trustee has taken all the steps that they ought to have taken as a Trustee to make themselves aware of any relevant independent examination information and to establish that the company's independent examiners are aware of that information.

The Trustees’ Report incorporating the Directors’ Report was approved by the Board of Trustees 10th October 2025.

………………………………… and signed on its behalf by;

Dean Gillespie Chair of Trustees

LIA’S WINGS LIMITED (LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES’ RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025

The Trustees, who are also the Directors of Lia’s Wings Limited for the purpose of company law, are responsible for preparing the Trustees' Report (incorporating the Director's Report) and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these accounts, the Trustees are required to:

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. They are also responsible for safeguarding the assets of the Charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website, legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

LIA’S WINGS LIMITED (LIMITED BY GUARANTEE) INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF LIA’S WINGS LIMITED FOR THE YEAR ENDED 31 MARCH 2025

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025 which are set out on pages 9 to 19.

Responsibilities and basis 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 requirements 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 section 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 examiner's statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting 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.

I have no concerns 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 understanding of the accounts to be reached.

Mark Cummins FCCA FCIE on

behalf of TC Group

The Courtyard Shoreham Road Upper Beeding Steyning West Sussex BN44 3TN

Dated: 02/12/2025.

LIA’S WINGS LIMITED (LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Income from:
Notes
Donations
3
Charitable activities
5
Investments
4
Total income
Expenditure on:
6
Raising funds
Fundraising costs
Charitable activities
Provision of air ambulance transfers
Total expenditure
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Fund balances at 1 April 2024
Fund balances at 31 March 2025		 Unrestricted
funds
£
684,845
181,664
479
866,988
179,825
773,713
953,538
(86,550)
-
(86,550)
368,073
281,523		 Restricted
funds
£
-
-
-
-
-
48,306
48,306
(48,306)
-
(48,306)
48,306
-		 Total
2025
£
684,845
181,664
479
866,988
179,825
822,019
1,001,844
(134,856)
-
(134,856)
416,379
281,523		 Total
2024
(Restated)
£
720,599
64,696
413
785,708
203,856
436,727
640,583
145,125
-
145,125
271,254
416,379

All activities are classified as continuing. There are no recognised gains or losses other than those reported on the Statement of Financial Activities.

LIA’S WINGS LIMITED (LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 MARCH 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 11 85,041 91,350
91,350
Current assets
Debtors 12 45,891 65,100
Cash at bank and in hand 177,104 291,031
222,995 356,131
Creditors: amounts falling due
within one year		 13
(26,513)		 (26,513) (31,102)
Net current assets 196,482 196,482 325,029
Total net assets 281,523 416,379
Income funds
Restricted funds 14 - 48,306
Unrestricted income funds 281,523 368,073
281,523 416,379

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

The accounts were approved by the Board on 10th October 2025.

Dean Gillespie Chair of Trustees

Company Registration No. 06935959 Charity Registration No. 1138457

LIA’S WINGS LIMITED (LIMITED BY GUARANTEE) CASH FLOW STATEMENT AS AT 31 MARCH 2025

Notes
Cash flows from operating
activities:
Net income/(expenditure) for the
year
Depreciation
11
Loss on disposal of fixed assets
11
Dividends and interest from
investments
4
(Increase)/decrease in debtors
12
Decrease in creditors
14
Cash used in operating
activities
Cash flows from investing
activities:
Dividends, interest and rents from
investments
Purchase of property, plant and
equipment
11
Cash used in investing
activities
Increase/(decrease) in cash
Cash and cash equivalents at
the beginning of the year
Cash and cash equivalents at
the end of the year
Analysis of cash and cash equivalents
Cash at bank and in hand		 £
(134,856)
13,604
-
(479)
19,209
(4,589)
479
(7,295)		 2025
£
(107,111)
(6,816)
(113,927)
291,031
177,104
At 1 April
2024
£
291,031
291,031		 £
144,125
11,077
462
(413)
(53,396)
(3,543)
413
(5,715)
Cash flow
£
(113,927)
(113,927		 2024
£
99,312
(5,302)
94,010
197,021
291,031
At 31
March 2025
£
177,104
177,104

LIA’S WINGS LIMITED (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

1.0 Statutory information

Lia’s Wings is a charitable company, limited by guarantee, registered in England and Wales. The charitable company’s registered number and registered office address can be found in the Legal and Administrative Information section of the accounts.

2.0 Accounting policies

2.1 Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.

Lia’s Wings meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

2.2 Income

All income is accounted for in the Statement of Financial Activities (SOFA) when the Charity is legally entitled to the income, receipt is probable and the amount can be quantified with reasonable accuracy.

Income from donations is accounted for as received by the Charity. The income from fund raising ventures is shown gross, with the associated costs included in fund raising costs. The value of voluntary work is not included in the financial statements.

Grants are recognised in full in the year in which they are receivable and the charity is entitled to the income.

Other income is recorded on an accruals basis.

2.3 Expenditure

Costs are included in the Statement of Financial Activities on an accruals basis inclusive of irrecoverable VAT. All costs are allocated between expenditure categories and departments on a basis designed to reflect the use of the resource.

LIA’S WINGS LIMITED (LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

2.3 Expenditure (continued)

Fundraising expenditure comprises costs incurred in inducing people and organisations to contribute financially to the Charity’s work. This includes the cost of advertising for donations and the staging of special events.

Where possible, costs have been allocated directly to the activity to which they relate. However, there are also central support costs that enable the Charity’s charitable income generating and administrative activities to be undertaken.

These costs have been allocated as follows:

2.4 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment 25-30% straight line Plant & equipment 10-15 years straight line

Assets costing less than £100 are written off to the Statement of Financial Activities and are not considered for capitalisation purposes.

2.5 Investments

Fixed asset investments are stated at cost less provision for any impairment.

2.6 Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments. The trustees seek to use short and medium term deposits where possible to maximise the return on monies held at the bank and to manage cash flow.

2.8 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2.9 Creditors and provisions

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

LIA’S WINGS LIMITED (LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

2.10 Accumulated funds

Funds held by the Charity are either:

Unrestricted general funds – these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

Restricted funds – Donations, bequests or incoming resources for which the donor has earmarked for a specific purpose are treated as restricted funds.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.11 Taxation

The charitable company is registered as a charity and all of its income falls within the exemptions under Part 11 of the Corporation Tax Act 2010.

3 Income from donations

Charity boxes
General donations from individuals
Charitable Trust Donations
Other donations		 Unrestricted
funds
£
26,620
29,746
76,742
551,737
684,845		 Restricted
funds
£
-
-
-
-
-		 Total
2025
Total
2024
£
£
26,620
23,185
29,746
52,235
76,742
70,274
551,737
574,905
684,845
720,599

4 Income from investment

ncome from investment
Interest income Unrestricted
Funds

£
479
479		 Restricted
funds
£
-
-		 Total
2025
£
479
479		 Total
2024
£
413
413

5 Income from charitable activities

Event income Unrestricted
funds
£
181,664
181,664		 Restricted
funds
£
-
-		 Total
2025

£
181,664
181,664		 Total
2024
£
64,696
64,696

LIA’S WINGS LIMITED (LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

6 Total expenditure

Costs of raising funds
Fundraising costs
Charitable activities
Provision of Air Ambulance
transfers
Activities undertaken
Support costs
Total
Total expenditure		 Staff
costs
£
99,182
99,182
123,917
-
123,917
223,099		 Depreciation
£
-
-
13,604
-
13,604
13,604		 Other
Costs
£
80,643
80,643
642,618
41,880
684,498
765,141		 Total
2025
£
179,825
179,825
780,139
41,880
822,019
1,001,844		 Total
2024
(Restated)
£
203,856
203,856
417,484
19,243
436,727
640,583

On review of the support costs in the costs of raising funds, the charity identified that these costs relate to support costs within charitable activities for the current year and the prior year. Therefore, expenditure figures for the prior year have been restated to ensure accurate presentation and comparability.

7 Support costs

Professional and legal fees
ICT
Printing and stationery
Independent examiner
Travel
General expenses
Conferences		 Total
2025
£
7,075
3,003
3,526
4,200
10,455
1,621
12,000
41,880		 Total
2024
£
2,359
2,480
2,341
3,960
4,215
3,888
-
19,243

These costs include amounts payable to the independent examiners of £4,200 (2024: £3,960) for independent examination and other services.

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year or received any reimbursement of expenditure.

LIA’S WINGS LIMITED (LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

9 Comparative funds – Statement of Financial Activities for the period ended 31 March 2024

Income from:
Donations
Grants
Charitable activities
Investments
Total income
Expenditure on:
Raising funds
Fundraising costs
Charitable activities
Provision of air ambulance transfers
Total expenditure
Net income/(expenditure)
Transfer between funds
Net movement in funds
Fund balances at 1 April 2023
Fund balances at 31 March 2024		 Unrestricted
funds
£
720,599
-
64,696
413
785,708
203,856
436,727
640,583
145,125
-
145,125
222,948
368,073		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
48,306
48,306		 Total
2024
(Restated)
£
720,599
-
64,696
413
785,708
203,856
436,727
640,583
145,125
-
145,125
271,254
416,379

10 Staff costs

The total average monthly number of employees (number of staff employed) during the reporting period was 6 (2024: 5).

Staff costs
Wages and salaries
Social security costs
Pension costs		 Total
2025
£
201,558
16,606
4,935
223,099		 Total
2024
£
159,982
11,429
3,782
175,193

LIA’S WINGS LIMITED (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

10 Staff costs (continued)

No employee received remuneration above £60k.

The key management personnel of the Charity comprised the Chief Executive. The total employee benefits of the key management personnel were £67,208 (including employers’ national insurance and pension contributions) (2024: £62,196).

11 Tangible fixed assets

Cost
At 1 April 2024
Additions
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
btors
Trade debtors
Prepayments and accrued income
ditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals
Taxes and social security		 Computer
equipment
£
12,485
-
12,485
10,232
1,022
11,254
1,231
2,253		 Plant and
equipment
£
156,608
7,295
163,903
67,511
12,582
80,093
83,810
89,097
2025
£
20,000
25,891
45,891
2025
£
15,703
1,731
4,200
4,879
26,513		 Total
£
169,093
7,295
176,388
77,743
13,604
91,347
85,041
91,350
2024
£
25,100
40,000
65,100
2024
£
2,508
2,639
20,750
5,205
31,102

12 Debtors

13 Creditors: amounts falling due within one year

LIA’S WINGS LIMITED (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

14 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants for specific purposes:

Mission fund Balance at
1 April
2024
48,306
48,306		 Income
-
-		 Expenditure
(48,306)
(48,306)		 Balance at
31 March
2025
-
-

Mission fund

This fund represents incoming resources to be used directly towards the cost of continuing and expanding the number of missions carried out by the Charity. This fund was fully utilised during the year.

15 Analysis of net assets between funds

Fund balances at 31 March 2025 are
represented by:
Tangible fixed assets
Current assets
Creditors: amounts falling due within one
year
Fund balances at 31 March 2024 are
represented by:
Tangible fixed assets
Current assets
Creditors: amounts falling due within one
year		 Unrestricted
funds
£
85,041
222,995
(26,513)
281,523
Unrestricted
funds
£
91,350
307,825
(31,102)
368,073		 Restricted
funds
£
-
-
-
-
Restricted
funds
£
-
48,306
-
48,306		 Total
£
85,041
222,995
(26,513)
281,523
Total
£
91,350
356,131
(31,102)
416,379

LIA’S WINGS LIMITED

(LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

16 Related party transactions

There were no related party transactions in the year or previous year.

17 Share capital

Lia’s Wings Limited is a company limited by guarantee and has no share capital.

18 Control

No one member has overall control of the Charity.