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 PrIn￿sS 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 prO￿sS 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 I￿re traditional
pathways.
Financial review
Income
During the year under review, Wings for Warriors re￿iVed 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 prO￿dureS 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$s￿etIve rèsponslbllltlès of dlrèctors and èxamlnèr
The charity's directors, who also act as trustees for the charitable activities of Wings for Warriors Ltd, are
responsible for the preparation of the financial statements in accordance with the terms of the Charities and
Trustee Investments Iscollandl Act 2005, the Charities Accounts (Scollandl Regulations 2006 and the Charities
Act 2011. The directors consider that the audit requirements of Regulation 1011llal lo Icl of the Charities
Accounts Iscotlandl Regulations 2006 and section 144 of the Charities Act 2011 do not apply. The clErity is
preparing accrued accounts and l am qualified lo undertake the examination by being a qualified member of
ICAEW.
It is my responsibiity lo..
examine the accounts under Section 4411 Ilcl of the Charities and Trustee Investment (Scollandl Act
2005 and section 145 of the Charities Act 2011..
to follow the procedures laid down in the general Directions given by the Charity Commission under
section 14515llbl of the Charities Act 2011,. and
to slate whether particular matters have come lo my attention.
Basis of independent exarninerfs ststement
My examination is carried out in a￿ordance with Regulation 11 of the Charities A￿oUnt$ 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 eX￿ndIture
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 p￿pa￿ 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 d1￿ClOr$ 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 dir￿1 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 Instru￿ent.
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**<br>**costs**<br>**Governance**<br>**costs**<br>**£**<br>**£**<br>Accountancy<br>-<br>4,414<br>Independant examination<br>-<br>2,500<br>-<br>6,914<br>Analysed between<br>Charitable activities<br>-<br>6,914|**2025**<br>**Support**<br>**costs**<br>**Governance**<br>**costs**<br>**£**<br>**£**<br>**£**<br>4,414<br>-<br>3,638<br>2,500<br>-<br>2,250<br>6,914<br>-<br>5,888<br>6,914<br>-<br>5,888|**2024**<br>**£**<br>3,638<br>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**<br>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. 

- 11 - 



## **WINGS FOR WARRIORS LTD** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ 

|**10**<br>**Tangible fixed assets**<br>**Cost**<br>At 1 April 2024<br>Additions<br>At 31 March 2025<br>**Depreciation and impairment**<br>At 1 April 2024<br>Depreciation charged in the year<br>At 31 March 2025<br>**Carrying amount**<br>At 31 March 2025<br>At 31 March 2024<br>**11**<br>**Debtors**<br>**Amounts falling due within one year:**<br>Other debtors<br>Prepayments and accrued income<br>**12**<br>**Creditors: amounts falling due within one year**<br>**Notes**<br>Other taxation and social security<br>Deferred income<br>**13**<br>Other creditors<br>Accruals<br>**13**<br>**Deferred income**<br>Deferred income is included in the financial statements as follows:<br>Deferred income is included within:<br>Current liabilities<br>Movements in the year:|**Aircraft**<br>**Equipment**<br>**£**<br>**£**<br>36,958<br>2,691<br>30,500<br>22,092<br>67,458<br>24,783<br>21,404<br>2,207<br>2,318<br>601<br>23,722<br>2,808<br>43,736<br>21,975<br>15,554<br>484<br>**2025**<br>**£**<br>2,086<br>5,129<br>7,215<br>**2025**<br>**£**<br>-<br>25,000<br>-<br>5,361<br>30,361|**Aircraft**<br>**Equipment**<br>**£**<br>**£**<br>36,958<br>2,691<br>30,500<br>22,092<br>67,458<br>24,783<br>21,404<br>2,207<br>2,318<br>601<br>23,722<br>2,808<br>43,736<br>21,975<br>15,554<br>484<br>**2025**<br>**£**<br>2,086<br>5,129<br>7,215<br>**2025**<br>**£**<br>-<br>25,000<br>-<br>5,361<br>30,361|**Total**<br>**£**<br>39,649<br>52,592|
|---|---|---|---|
||||92,241|
||||23,611<br>2,919|
||||26,530|
||||65,711|
||||16,038|
||||**2024**<br>**£**<br>-<br>3,404|
||||3,404|
||||**2024**<br>**£**<br>117<br>-<br>2,345<br>5,260|
||||7,722|
|||||
|||||
|||**2025**<br>**£**<br>25,000|**2024**<br>**£**<br>-|
|||||



- 12 - 



## **WINGS FOR WARRIORS LTD** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ 

|**13**<br>**Deferred income**<br>Deferred income at 1 April 2024<br>Resources deferred in the year<br>Deferred income at 31 March 2025|**(Continued)**<br>-<br>-<br>25,000<br>-<br>25,000<br>-|**(Continued)**<br>-<br>-<br>25,000<br>-<br>25,000<br>-|
|---|---|---|
|||-|



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**<br>**funds**<br>**Restricted**<br>**funds**<br>**2025**<br>**2025**<br>**£**<br>**£**<br>Fund balances at 31 March 2025 are represented by:<br>Tangible assets<br>24,633<br>41,078<br>Current assets/(liabilities)<br>95,076<br>11,248<br>119,709<br>52,326<br>**Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>Fund balances at 31 March 2024 are represented by:<br>Tangible assets<br>484<br>15,554<br>Current assets/(liabilities)<br>72,060<br>17,786<br>72,544<br>33,340|**Total**<br>**2025**<br>**£**<br>65,711<br>106,324|
||172,035|
||**Total**<br>**2024**<br>**£**<br>16,038<br>89,846|
||105,884|



## **16 Related party transactions** 

There were no disclosable related party transactions during the year (2024 - none). 

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