Charlty reglstratlon number 1148093 (England and Wales) Charity registration number SC046266 (Scotlandl Company registration number 07952908 WINGS FOR WARRIORS LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
WINGS FOR WARRIORS LTD LEGAL AND ADMINISTRATIVE INFORMATION Directors M J Radcliffe S D Monleith J D Barbour T M Smethers K L O'Dea (Appointed 10 September 20241 (Appointed 1 Noverllber 20241 Charity number (England and Wales) 1148093 Charlty number IS¢otlandl SC046266 Company number 07952908 Registered office First Floor 50 High Street Cosham Portsmouth United Kingdom P06 3AG Independent examiner Paul Hutchison ACA Azels Audit Services Chartered Accountants Quay 2 139 Fountsinbridge EdinbLJrgh EH3 9QG
WINGS FOR WARRIORS LTD CONTENTS Page Directors, report Independent examiner's report Statement of financial activities Balance sheet Notes lo the financial slalemtrnls 7-14
WINGS FOR WARRIORS LTD DIRECTORS. REPORT {INCLUDING TRUSTEES. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The directors present their annual report and financial stalernents for the year ended 31 March 2025. The financial statements have been prepared in accordan with the accounting policies set out in note 1 to the financial statements and comply with the charity's memorandum and articles of association, the Charities and Trustee Investmenl (Scotlandl Act 2005, the Charities Accounts (Scotlandl Regulations 2006 las amended), Ihe Companies Act 2006, the Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102.1 and "Accounting and Reporting by Charities.. Siatement of Recommended Practi applicable to charities preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. leffective 1 January 20191. Oblectlves and a¢tlvltles The charity's objectives remain unchanged.. to assist wounded service personnel and veterans by advancing any lawful charitable purpose at Ihe discrelion of the directors and in particular but not exclusively to facilitate training opportunities to achieve sustainable careers. Wings for Warriors is a unique charity and we believe that wounded, injured and sick servicemen and women deserve the best opportunities even after their military Servi has ended. By working with military rehabilitation units, other charities, businesses and the public, our aim is lo inspire our wounded warriors to move past injury and achieve new, bright and sustainable futures. In order to move past a life changing injury or illness il is imperative that our veterans continue to work for themselves and not be 'spoon-fed' or simply offered short term projects or challenges. This is why we encourage and indeed facilitate our beneficiaries to become Involved in mMercIal aviation as a way of moving forward emotionally, attaining a sustainable income for the future and being better able to look after their families. The Charity's aims during the year under review were lo.. continue to improve the quality of support delivered to those WOLJnded, injured and sick individuak who are assisted by the Charity., primarily our beneficiaries are no pla¢ed at Skyborne Aviation A¢admey in Gloucestershire. to maintain OLJr concentration on fixed wing training and to diversify into the placement of wounded, injured and sick veterans into airline cadet schemes as well as our own programme. The directors have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
WINGS FOR WARRIORS LTD DIRECTORS. REPORT {INCLUDING TRUSTEES. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance The period 1 April 2024 10 31 March 2025 saw the completion and opening of the Veterans, Flying School at Gloucestershire airport. We were honoured that HRH Princess Anne, The PrInsS Royal, agreed lo open the School in January. W& also took delivery of a full motion flight Ir8ining simulator, which is housed in the same Gloucestershire Airport hangar as our training air¢raft which, thanks to the generosity of several major grant makers has been fitted with a full Glass Cockpit upgrade more closely resembling the modem Commercial jets we train velorans to fly. These advances in training technology were matched with a move to bring flight instruction in-hoLJse and with the assistsn¢e of CABWI and the Armed For¢es Covenant Fund Trust we engaged a fLJII time Flight Instructor as-well- as several other, highly experienced instrLJ¢tor pilots who offer their time on a voluntary basis. At the time of writing 'The Veterans, Flying School, is providing direct flight training services to six veterans, with a recruitment prOsS underway for a seventh. We have also provided several of these beneficiaries with support including access to hoLJsinglaccommodation, health and well-being services and social care. Meanwhile three of the four WIS veterans we recommended for TUI'S inaugural cadetship scheme completed their training and took up contracts with the company, as did several veterans supported through their traning by the charity. During the year ahead we look to secure the financial involvement of at least one major airline - many of whom are already paying signtficantly larger sums per capila lo recruit and training airfine pilots through Ire traditional pathways. Financial review Income During the year under review, Wings for Warriors reiVed income of £343,110 12024 £177,091) mainly from Charitsble Trus15 and other donors. Expenditure During the year under review, the charity spent £276,95912024 £267,689), resulting in a net in¢rease in funds of £66,151 12024 - net decrease of £90,5981- The directors have agreed that the reserves target should equate to six months running costs for the charity. The directors consider that the level of free resetves, excluding tangible fixed assets at 31 March 2025 of £95,07612024 £72,0601, is adequate for these purposes. Rlsk management Risk management is tho responsibility of the directors who receive regular reports al directors meetings. The dire¢tors have responsibility for the system of internal wntrol for the charity, in¢pOrating procedures to aid in the prevention and detection of fraud and other irregularities. The general manager identifies and analyses risks to aclivities and assesses them according to their potenb'al impact and likelihood. The general manager is required to report these findings to the direclors, together with details of the prOdureS in place or being developed to provide assurance that the risk is being managed. The day to day operational decisions are delegated to the general manager. Structure, governance and management The charity is controlled by its governing document, the Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
WINGS FOR WARRIORS LTD DIRECTORS. REPORT {INCLUDING TRUSTEES. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The directors who served during the year and to the dale of signature of this report were as follows.. M J Radcliffe S J C Gruber S D Monteith J D Barbour T M Smethers K L O'Dea (Resigned 16 Mar¢h 20251 (Appointed 10 September 20241 (Appointed 1 November 20241 New directors are appointed by the existing Iruslees and serve for five years after which they m8y Put themselves forward for re-appoinlmenl. New directors may be sought by open advertisement or through a dialogue with major grant recipients and major donors. There is an induction programme for any newly appointed director including giving the new director a copy of the last three years, annual reports and accounts and minutes and a copy of the Scottish Ch8rily Regulak)¢s Guidance.. Guidance for charity directors. New directors are also informed of the operations and meetings ¢ycle of tha directors and their responsibilities and duties are clarified. The trustees. report was approved by the Board of Directors. J Radcliffe Director Dale.. 1811212025
WINGS FOR WARRIORS LTD INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF WINGS FOR WARRIORS LTD I report on the financial statements of the charity for the year ended 31 March 2025, which are set out on the Statement of Financial Activities, Balance Sheet and related notes. R$setIve rèsponslbllltlès of dlrèctors and èxamlnèr The charity's directors, who also act as trustees for the charitable activities of Wings for Warriors Ltd, are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investments Iscollandl Act 2005, the Charities Accounts (Scollandl Regulations 2006 and the Charities Act 2011. The directors consider that the audit requirements of Regulation 1011llal lo Icl of the Charities Accounts Iscotlandl Regulations 2006 and section 144 of the Charities Act 2011 do not apply. The clErity is preparing accrued accounts and l am qualified lo undertake the examination by being a qualified member of ICAEW. It is my responsibiity lo.. examine the accounts under Section 4411 Ilcl of the Charities and Trustee Investment (Scollandl Act 2005 and section 145 of the Charities Act 2011.. to follow the procedures laid down in the general Directions given by the Charity Commission under section 14515llbl of the Charities Act 2011,. and to slate whether particular matters have come lo my attention. Basis of independent exarninerfs ststement My examination is carried out in aordance with Regulation 11 of the Charities AoUnt$ Iscollandl Regulations 2006 Ilhe 2006 Accounts Regulalionsl and the general Directions given by the Charity Commission. An examination includes a review of the accounting re¢ords kept by the Charity and a comparison of the financial ststements presented with those records. It alw includes consideration of any unusual items or disdosures in the financial statements, and seeks explanations from the directors concerning any such matters. The procedures undertaken do not provide all the evidènce that would be required in an audit and ¢onsequenUy I do not express an audit opinion on the view given by the financial statements. Independent examiner's Statement In connection with my examination, no matter has come to my attention.. lal which gives me reasonable cause lo believe that in any material respect the requirements.. to keep accounting records in accordance with section 44111 lal of the 2005 Act, Regulation 4 of the 2006 Accounts Regulations, section 130 of the Charities Act 2011 and sedion 386 of the Cornpanies Act 2006., and lill to prepare financial statements which accord with the accountion records and comply with Regulation 8 of the 2006 AccoLJnts Regulations las amendedl, the Companiès Act 2006 and the reqLJirements concèrning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 of the Charties Act 2011 have not been met or Ibl to which, in my opinion, attention should be drawn in order to enable a proper understanding of tl financial statements lo be reached. Paul Hut¢hison ACA Azets Audit Services Chartered Accounlanls Quay 2 139 Fountainbridge Edinburgh EH3 9QG 18 December 2025 Dated..
WINGS FOR WARRIORS LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Donations and legacies Investments 225,687 1,423 116,000 341,687 1,423 87,415 89,676 177,091 Total income 227,110 116,000 343,110 87,415 89,676 177,091 Raising funds 29,542 12,500 42,042 11,547 12,500 24,047 Charitable activities 150,403 84,514 234,917 99,464 144,178 243,642 Total eXndIture 179,945 97,014 276,959 111,011 156,678 267,689 Net movement In funds 47,165 18,986 66,151 123,5961 167,0021 190,5981 Fund balances al 1 April 2024 72,544 33,340 105,884 96,140 100,342 196,482 Fund balances at 31 March 2025 119,709 52,326 172,035 72,544 33,340 105,884 The stslemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
WINGS FOR WARRIORS LTD BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Flxed a$$et$ Tangible assets 10 65,711 16,038 Current assets Debtors Cash al bank and in hand 11 7,215 129,470 3,404 94,164 136,685 97,568 Creditors: amounts falling due within one year 12 130,3611 17,7221 Net currènt assets 106,324 89,846 Total assets less current liabilitie5 172,035 105,884 The funds of the charity Restricted income funds Unrestricted funds 14 52.326 119,709 33,340 72,544 172,035 105,884 The company is enlilled to the exemption from the audit requirement ¢onlained in sedion 477 of the Companies Act 2006, for the year ended 31 March 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial slalemenls. The mernbers have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial ststements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the directors on . 1811212025 M J Radcliffe Director Company registration number 07952908 IEngland and Walesl
WINGS FOR WARRIORS LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information Wings for Warriors Ltd is a private company limited by guarantee incorporated in England and Wales The registered office is First Floor, SO High Street, Cosham, Portsmouth, P06 3AG, United Kingdom. Wings for Warriors Ltd is recognised as a charity for tax purposes by HMRC and is registered wlh the Offi of the Scottish Charity Regulator IOSCRI under charity number SC046266 and with the Charity Commission under charity number 1148093. 1.1 Accounting convention The financial statements have been prepared in accordan with the charity's governing document, the Charities and Trustee Inveslrnent (Scollandl Act 2005, the Charities Accounts (Scollandl Regulations 2006 las amended), the Companies Act 2006, the Charites Act 2011, FRS 102 'The Financial Reporting Standwd applicable in the UK and Republic of Ireland" I'FRS 102,1 and the Charities SORP "Accounting and Retx>rting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021. leffeclive 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in thè SORP for Charities not to ppa a Stslgnant of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial slalements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Golng concern The trustees have considered a period of at least twelve months from the date on which these financial statements have been signed and having considered all informats'on available to them, believe it appropriate lo prepare the financial statements on a going concern basis. The trustees are satisfied that it has adequate resources to continue to operate for the foreseeable future. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the d1ClOr$ in furtherance of their charitsble objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and Ljses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income, including that from fundraising and commissioned aclivilies, are recognised when the charity is legally entitled lo il after any perforThance conditions have been met, the amounts can be measured reliably, and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require defetral of the amount. Income lax recoverable in relation lo donations received under GiftAid or deeds of Covenant is COgnised al the time of the donation. Lega¢ies are re¢ognised on receipt or otherwise if the ¢harity has been notified of an impending distribution. the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
WINGS FOR WARRIORS LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continued} Income raised from fundraising activities and comrNissioned activities is credited in full in the period in which the event lakes pla. Other income is recognised as income in the period in which the amounts are received. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dir1 cosis and shared costs, including support costs involved in undertaking each activity. Direct costs attributatrAe to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are nol attributable to a single activity are apportioned between those activits'es on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. Governan costs include those costs associated with meeting the conslitulional and slalulory requirements of the charity and include the independent reporting accountants, fees, and costs linked lo the strategic management of the charity. 1.6 Tangible fixed a55ets Tangible fixed assets are initially measLJred at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Aircraft Equipment 10 /0 reducing balance 200k reducing balance Tho gain or loss arising on the disposal of an asset is detemiined as the differen¢e between the salo proceeds and the Carrying value of the asset, and is recognised in the statement of financial a¢tivities. 1.7 Cash and cash èqulvalènts Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-term liquid investments with original rllalurilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.8 Financial instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Instrurllenls, and Section 12 'Olher Financial Instrurllenls Issues, of FRS 102 to all of ils financial inslrumenls. Financial instrurllenls are recognised in the charity's balance sheet when the charity becomes party lo the contractual provisions of the Instruent. Financial assets and liabilities are offset, with the nel amounts presented In the financial slalernenls, when there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a net basis or lo realise the asset and settle the liability simultaneously. 1.9 Taxation The company has Charitable ststus in terms of the Corporation Tax Act 2010 and is exempl from corporation tsx on ils a¢tivilies.
WINGS FOR WARRIORS LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continued} 1.10 Employee benefits The Cost of any unused holiday enlillement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably Committed to terminate the employment of an employee or to provide termination benefits. Critical accounting estimates and judgements In the application of the charity's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experien and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. The trustees are satisfied that the accounting policies are appropriate and applied consistently. Key sources of estimation have been applied to the depreciation rates. The depreciation rates have been deemed to be appropriate for the class of asset. Donatlons and legacles Unrestri¢ted Restricted funds funds Totsl Unrestricted Restricted funds funds Total 2025 2025 2025 2024 2024 2024 Donations and gifts 225,687 116,000 341,687 87,415 89,676 177,091 Incorne from investments Unrestricted Unrestricted funds fund5 2025 2024 Interest re¢eivable 1,423
WINGS FOR WARRIORS LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Raising funds Unr8$trlctèd Rè$trlct8d funds funds Total Unrèstrlctsd R8strlctèd funds funds Total 2025 2025 2025 2024 2024 2024 Fundraisin and Ljblici Other fundraising costs Staff costs 11,577 17,965 11,577 30,465 3,848 7,699 3,848 20,199 12,500 12,500 29,542 12,500 42,042 11,547 12,500 24,047 Expenditure on charitable activities Charitsble a¢tivitie$ 2025 Charitable activities 2024 DI¢1 ¢osts Staff costs Aircraft rnaintenance Training Depreciation Insurance IT costs 32,116 65,696 77,856 2,919 4,777 5,505 20,199 11,405 179.697 1,850 4,369 2,533 L 11 Bank charges Student recruitment Telephone Postsge Travel, accommodation and subsistence Donations Student acwmmodation Legal and professional 172 5,659 3,425 148 12,223 151 2,658 1,122 3,895 500 9,366 16,976 531 228,003 237,754 Share of support and governance costs (see note 71 Governance 6,914 5,888 234,917 243,642 Analysis by fund Unrestricted funds Restricted funds 150,403 84,514 99,464 144,178 234,917 243,642 10-
WINGS FOR WARRIORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
7 Support costs
| Support costs | ||
|---|---|---|
| Support costs Governance costs £ £ Accountancy - 4,414 Independant examination - 2,500 - 6,914 Analysed between Charitable activities - 6,914 |
2025 Support costs Governance costs £ £ £ 4,414 - 3,638 2,500 - 2,250 6,914 - 5,888 6,914 - 5,888 |
2024 £ 3,638 2,250 |
| 5,888 | ||
| 5,888 |
8 Directors
During both the current and prior year, none of the directors received any remuneration, benefits or expenses from the charity.
9 Employees
The average number of employees during the year is as follows:
| Employees The average number of employees during the year is |
as follows: | |
|---|---|---|
| 2025 | 2024 | |
| Number | Number | |
| 1 | 1 | |
| 2025 | 2024 | |
| £ | £ | |
| Wages and salaries | 60,904 | 40,398 |
| Social security costs | 1,677 | - |
| 62,581 | 40,398 |
There were no employees whose annual remuneration was more than £60,000.
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WINGS FOR WARRIORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 10 Tangible fixed assets Cost At 1 April 2024 Additions At 31 March 2025 Depreciation and impairment At 1 April 2024 Depreciation charged in the year At 31 March 2025 Carrying amount At 31 March 2025 At 31 March 2024 11 Debtors Amounts falling due within one year: Other debtors Prepayments and accrued income 12 Creditors: amounts falling due within one year Notes Other taxation and social security Deferred income 13 Other creditors Accruals 13 Deferred income Deferred income is included in the financial statements as follows: Deferred income is included within: Current liabilities Movements in the year: |
Aircraft Equipment £ £ 36,958 2,691 30,500 22,092 67,458 24,783 21,404 2,207 2,318 601 23,722 2,808 43,736 21,975 15,554 484 2025 £ 2,086 5,129 7,215 2025 £ - 25,000 - 5,361 30,361 |
Aircraft Equipment £ £ 36,958 2,691 30,500 22,092 67,458 24,783 21,404 2,207 2,318 601 23,722 2,808 43,736 21,975 15,554 484 2025 £ 2,086 5,129 7,215 2025 £ - 25,000 - 5,361 30,361 |
Total £ 39,649 52,592 |
|---|---|---|---|
| 92,241 | |||
| 23,611 2,919 |
|||
| 26,530 | |||
| 65,711 | |||
| 16,038 | |||
| 2024 £ - 3,404 |
|||
| 3,404 | |||
| 2024 £ 117 - 2,345 5,260 |
|||
| 7,722 | |||
| 2025 £ 25,000 |
2024 £ - |
||
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WINGS FOR WARRIORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 13 Deferred income Deferred income at 1 April 2024 Resources deferred in the year Deferred income at 31 March 2025 |
(Continued) - - 25,000 - 25,000 - |
(Continued) - - 25,000 - 25,000 - |
|---|---|---|
| - |
Deferred income relates to salary funding for financial year 2025/26.
14 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| Movement | Movement | in funds | ||||
|---|---|---|---|---|---|---|
| Balance at | Income | Expenditure | Balance at | |||
| 1 April 2024 | 31 | March 2025 | ||||
| £ | £ | £ | £ | |||
| Aircraft Fund | 32,895 | 87,000 | (68,014) | 51,881 | ||
| Training Fund | - | 4,000 | (4,000) | - | ||
| Salary Fund | - | 25,000 | (25,000) | - | ||
| Other | 445 | - | - | 445 | ||
| 33,340 | 116,000 | (97,014) | 52,326 | |||
| Balance at | Income | Expenditure | Balance at | |||
| 1 April 2023 | 31 | March 2024 | ||||
| £ | £ | £ | £ | |||
| Aircraft Fund | 14,623 | 20,000 | (1,728) | 32,895 | ||
| Training Fund | 85,719 | 43,176 | (128,895) | - | ||
| Salary Fund | - | 25,000 | (25,000) | - | ||
| Other | - | 1,500 | (1,055) | 445 | ||
| 100,342 | 89,676 | (156,678) | 33,340 |
Aircraft fund - this fund was to fund the purchase of an additional aircraft. Training fund - this fund is to fund the training of all pilots. Salary fund - this fund represents income received to fund salary costs.
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WINGS FOR WARRIORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
15 Analysis of net assets between funds
| Analysis of net assets between funds | |
|---|---|
| Unrestricted funds Restricted funds 2025 2025 £ £ Fund balances at 31 March 2025 are represented by: Tangible assets 24,633 41,078 Current assets/(liabilities) 95,076 11,248 119,709 52,326 Unrestricted funds Restricted funds 2024 2024 £ £ Fund balances at 31 March 2024 are represented by: Tangible assets 484 15,554 Current assets/(liabilities) 72,060 17,786 72,544 33,340 |
Total 2025 £ 65,711 106,324 |
| 172,035 | |
| Total 2024 £ 16,038 89,846 |
|
| 105,884 |
16 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
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