OJE 1?.0 Project Wingman Foundation Ltd Trustees, Annual Report & Accounts for the year ended 30th April 2024 llllllllllllll ., . ADFJQND4' 1112024 COMPANIES HOUSE 276 Project Wingman Foundation Ltd is iegislered charity no. 1189403
Contents Administrative details Administrative details The legal name of the charity is The Project Win8man Foundation Limited Trustees, Report- Introduction Charity no.. 1189403 About us Company no.: 12559130 Governance Address= 118 Pall Mall London SWIY SEA Highlights Strategic review Telephone- 07889 016950 Financial review Email= info@projectwingman.to.uk Independent Examiner's Report Web51te'. www.projectwingman.co.uk Accounts in full: Bankers.. Virgin 8ank, Mènchester Statement of Financial Activities 9 Independent examiners: Balance Sheet io Michael Harwood & Co Chartered Accourttants Greville House 10 Jury Street Warwick CV34 4EW Notes li Trustees servhng this period- Mr C Edwards (Chairl MF M Flippence ITreasurerl Ms E Lisowski Ms S Skelton Mr R Griffin MrA Goodman (resignedjune 2023J OJE MrA Johnston (Resigned July 20231 Ms Z Ebrey {resigned September 2023) Mr E Doug105 (resigned December 2023} M5 E Henderson {resi9ned December 2023) Project Wingman Foundation Ltd I egislered charity no. 1189403 Page l of 20
PRO'JEcf WINGMAN FOUNDATION LTD Trustees, Report (including Directors, Report) for the Year Ended 30 Aprtl 2024 Introduction About us Project Wingman Foundation Ltd is a national wellbeing Charity. Since its establishment in 2020 as a result of the COVID-19 public health emer8ency it has provided wellbebng Services to NHS staff. The charity was powered by aircrew from numerous airlines who were brought down to e3rth - literally- by the pandemic and turned their skills and time to SUPPOrting our then strugglin8 NHS. The aim of Projed Wingman Foundation Ltd since its establishment in 2020 has been to provide wellbeinE SUPPOrt to NHS staff across the UK. We are intent on de-stigm3tising Struggles with wellbein& providing tea and empathy, improvin8 wellbeing support and providing a safe space for our beneficiaries. The need for this originated durin8 the COVID- 19 pandemic of 2020, when the NHS needed support as it faced the biggest ch3llen8e in its history_ During the pandemic large number5 of aircrew were grounded and we reali5ed that they possessed many of the skills required to meet the needs ofthe NHS. As we approach our fourth anniversary. it is clear that in many ways the charity has done its job, in that it was Set up to apply a very specifjc resource to a very specific problem. at 3 unique time in our nation's history. At the time of writinB this report, which reflects difficult year financially for the organisation. the board are considerin8 the way forward for the charlty. Do we develop our mobile services to support other beneficiaries than NHS staff? what is the future for our small fleet of mobile wellbeing centres? How does our NHS intend to support its staff in the post-COVID ear? These questions and more are weighing on our minds as we try to formulate new plans. Our inrtial response was to create wellbeing lounges in hospitals acioss the UK, with over 6,500 volunteers si8ning up representing all corners of aviation. As the pandemic changed, we changed with it. and by the end of our first vear. we had purchased. converted and launched our first mobile wellbeing lounge . a double decker bus we named "Wellbee" In Jyly 2021 we added sister bus "Wingbee" The two vehicles have been booked by NHS trusts as wellbeing spaces. We provide the vehicle. logistlC5, supplie5, and trew. who deliver their exemplary customer service skills. The N HS trusts are encouraged to 4Jse the space ag they see fit to promote and enhance their existing wellbeing packages. The organisations we visit choose to use our services as they see the need to support their Staff. and view our services as a powerful way to achieve this. This report by its nature is backward lookin& we are presenting results and activities fof the year just completed. Nevertheless it is important to bear the context of the crossroads at which we find ourselves at the time of writing. Our operation is now exclusively the delivery of face to face wellbeing 5UPPOrt on board our vehicles. with the last of the Static wellbeing lounges, based at Hove hospital, c105ing this year. The work has again been delivered by a dedicated small team of paid staff with the support of volunteers. Without these people. we could not have achieved what we have achieved this year, or indeed over the last four vears, and we thank them sincerely for their dedication. 53dly. this last year has seen a significant decline in bookings a5 NHS trusts have increasingly found it difficult to fund our work. Coupled with a massive reduction in volunteer5 35 aircrew returned to post-COVID normality, this has left us contemplating our futufe. and looking at other ways that we might deploy our vehicles. Project Wingman Foundation Lld is registered charity no. 1189403 Page 2 of 20
PROJEcf WINGMAN FOUNDATION LTD Trustees, Report (including Directors, Report) for the Year Ended 30 April 2024 th Governance If we are to continue delivering what we regard as essential services we must also seek new opportunities to generate income and to regenerate our volunteer base. In the meantime we have. in the latter quarter of the reporting period, given notice to our paid staff team and consolidated our operations whilst we strategise and plan the year ahead. Project Wingman Foundation Ltd is a registered charity and also a company limited by guarantee. Tfustees of the charity are also dtrectors of the company. and are therefore bound by the responsibilitie5 Qf both. At year end, the Trustees oversee a small executive lead by Chief Executive Emma Henderson. However, as already noted, at the time of writing all staff are Serving their notice as the chaflty con501idates its financial position. Delegated responsibilitTres will therefore revert to trustees in the second hall of 2024. Our objectives are set out in the charity's constitution. They are. for the Public 8enefit, to relieve the needs of people. porticulorly but not exclusively those suffering from mentol health difficulties due to workplace stress, workin9 in h05Pltols ond other core estoblishments by the provision of foci14tiesAor respite, welfore ond emotionol support in the interest5 of social welfore with the objecr of enhoncing their quolity of life_ Several other operational roles are voluntary or paid for on an ad-hoc basis. Volunteers are held on a database and a 'call for action. is sent to them when a vehicle is providing welfare services in their lotal area. At year end there are five trustees/directoTs with varying back8founds and expertise, but all united through their deditation to our work. Whatever the future of the charity. trustees past and present are proud of how aircrew came together to serve the country in a time of crisis. That pride will remain with us forever. Trustee meetings are held monthly online, or occasionally in person. The board aims to meet exefci5e good governance, pro8re55 the work of the charity, manage risk. and ensure our charitèble objertives and strategy are aligned. Trustee vacancies may be filled by a Llecision of the members at the annu318eneral meethng. The trustees may also at any time decide to appoint a new trustee. in place of a tfustee who has retired or been removed, or as an additional trustee. provided that the limit on the total numbef of trustee5 would not as a result be exceeded. No new trustees have been appointed during this period and ir should be noted that further appointments are highly unlikely until the future of the charity ha5 been determined. Project Wingman Foundation Ltd regtstered charity no. 1189403 Pa9e 3 of 20
PROJECT WINGMAN FOUNDATION LTD Trustees, Report (including Directors, Report) for the Year Ended 30 April 2024 th hts 2023-2024 Despite the difficulties we have faced and the uncertainties about our fvtyre. the year in review has not been without its moments. We continued to take our buses on tour, spending a week or a fortni8ht at time in particular NHS trust areas and visiting various hospitals in their patches. In this respect 2023 was 'busines5 as usual, year for Project Wingman. We visited a total of 50 sites across the whole of the UK, with an average of 46 daily visits by NHS staff members to our well-being buses. Many of these sites had been visited for the first time. we have however had the pleasure of revislting some hospital locations and seeing familiar f3ce51 Examples include our visits to Royal Surrey Hospital with a combined total visitor count of over 1,700 dufing our time in April and October. H3slemere Hospital. with an average of 56 visitors a day, benefited from our well-being initiative across 8 days. Kent and Medway also benefitted from a revisit, taking our vehicle5 to multiple sites located in the Southeast of England. Travelling further north. we also toured Scotland. Our bu5. Wellbee. toured across The Highlands, and Ayrshire & Arran. There were a few minor hiccups along the way. but this did not stop us from reaching those who work tirelessly within the NHS to benefit from our well-being bus. Locations included 8iggaTt and Girvan during the tour for Arran ènd Ayrshire, ènd Ounoon, Raigmore, and Wick in The Highlands, with Wick being the furthest we have ever travelledl The views along the way were incredible, a great experience for our lucky drivers and crew. We also visited familiar sites in mid Yorkshire with Wellbee. where staff benefited from our bus as a hub to help vaccinate against Covid and 'flu. Late in the period we also reached Cambridge and Peterborough with a 4 week tour where Project Wingman was reported on the local TV new5 channel. ITV News Anglia. The report conveyed the essence of what we do and the benef its for the NHS staff. Our surveys of Service users. designed to measure our impact and provide u5 With guidance on what we do well and what we mi8ht do better, continued to tell us that the service is hiehly valued by users, and delivers tangible benefits to the individuals we cater for. and the NH5 trusts which benefit from staff with improved wellbeing and that feel supported and valued. Once again over the year we met many incredible people along the way. All of our volunteer5 are incredible and we thank them sincerely. and the NHS staff we serve Continue to be a source of inspiration, whatever happens to the charity in the comin8 month5. Project Wngman Foundation Lld is registered chaflty no. 1189403 Page 4 of 20
PROJECT WINGMAN FOUNDATION LTD th Trustees, Report (including Directors, Report) for the Year Ended 30 April 2024 Strate ic Review Trustees are committed to making firm decisions about the future of the charity before the end of the alendar year 2024. The vehicles are expensive to maintain and operate, and cannot be left unused for any length of time, 50methinB that toncerns us as it becomes more difficult to secure bookings from the cash-strapped NHS trusts. Optior15 at the time of writing include.. Continue at a reduced capacity, selling vehicles and consolidating our efforts in a smaller geographic area Expanding the scope of the wellbeing service to beyond the NHS. revitalising the service and engaging with new stakeholders and new volunteer groups Merging with or transferring our services to another like-minded wellbeing charitv Winding up the charity in early 2025 and distributing it5 assets to another charity or charities with similar objectives In the short term, trustees are.. Reducing the charit¢5 Cost base significantly. in pèrticular by closing payroll Carefully monitoring cash flow and operational viability on a month by month basis Engaging with potential funders and partner5 Continuing to strive for further NHS bookings to keep things 'ticking over. each quarter Monitoring the political and fjnancial environment in which our NHS operate5 Assessing the value of the vehicles and scope for alternative operations We will, of course, announce decisions about our future on our website and social media. as well a5 in our Trustees, Annual Report and Account5 for next year. Decisions L7bout ourftsture poth will be mode in lote 2024... Proied Wingman Foundation Lid is registered charity no. 1189403 Page 5 of 20
PROJECT WINGMAN FOUNDATION LTD Tru5tees' Report (including Directors, Report) for the Year Ended 30 April 2024 th Financial Review The charity's accounts are presented in full below. Income continued to decline, from over £250,0 in the year ended April 2022, to c£145,000 last year, to c£102.000 thi5 year. Without decFsive action, tru5tee5 belleve that this will continue. A5 a result of earlier expanding our paid team in an effort to increase our activities, expenditure actuallv rose last year from c£170,000 to c£215,000. Reserves were therefore significantly impacted and although this was manageable last year. it is not sustainable for any longer, hence the decision to revert to using volunteers, and occasionally contractors. to deliver services and close payroll. Sadly this means making people redundant before the end of the first half of the calendar year 2024. We take c£58,000 in assets, all unrestricted. into the new financial year. Trustees have been consciou5 Ihat the value of the vehicles owned ènd operated by the charity has fallen significantly. These have therefor been revalued at the year end. In addition, some other nominal assets held - small pieces of equipment on board the vehicles and three computers, have been written down to zero at the same time. This makes the balance sheet more truly representative of the value of the charity. As noted above, trustees are monitoring and mana8sng the financi31 situation very ¢105ely indeed and this will be the prime determinant of future strate8y for the organisation. Public Benefit Trustees have regard to the Charity Commission's guidance on public benefit when makin8 decisions. Risk Review Trustees consider risks to the charity at each meeting and in particular in recent months the financial risk5 raised in the report above. Reserves Policy Reserves are currently being monitored on a month to month basis. Liabilities of the charity are minimal following the termination of payroll. and as head into the new financi31 year trustee5 are confident that the charily will either prove to be viable in a reshaped form, or can be wound down or merged with a surplus remaining. Project Wingman Foundalion Ltd is regi red chanly no. 1189403 Page 6 of 20
PROJECT WINGMAN FOUNDATION LTD th Trustees, Report (including Directors, Report) for the Year Ended 30 April 2024 Statement of Dirertors. Responsibilities Company Law require5 the Dire£tor5 to Prepare financial statements for each financial period that g*ves a tiue and fair view of the state of affaiis of the charitable company and the surplus or deficit for that period. In preparing these statements. the Directors are required to.. Select suitable accounting policies and then apply them conslstently.. Observe the methods and principles in the Charities SORP 2019 IFRS 1021,. Make jud8ement5 and estimates that are reasonable and prudent- State whether applicable Accounting standards have been followed. subject to any material departures disc105ed and explained in the financial statements: Prepare the fit)ancial statements on the going concern basis unless it is inappropriate to presvme that the company will continue tn operation. The Directors are responsible for maintaining proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for 53feguardin8 the assets of the company and hence for takin8 reasonable slep5 for the prevention and detection of fr3ud and other irregvlarities. The report of the directors has been prepared having taken advanta8e of the small companies. exemption in the Companies Act 2006. royal th This report was approved by the Directors on 9 October 2024 and signed on their behalf_ Carey Edwards Director Project Wngman Foundation Ltd is registered charity no. 1189403 Page 7 of 20
PROJEcf WINGMAN FOUNDATION LTD Independent Examiner's Report to the Trustees I report to the charity trustees on my examinalion of the account5 of the company for the year ended 30, April 2024 which are Set out on pa8es 8 to 17. Responsibilitie5 and basis of report As the charity trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061.the 2006 Act'l. Having satisfied myself that the account5 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 youi companvs accounts as carried out under section 145 of the Charities Act 20111.the 2011 Act'l. In carrying out my examination I have followed the Oirection5 given by the Charity Commission under section 14515llb) of the 2011 Act. Independent examiner's statement In connection with my examination, no matter has ¢ome to my attention: which 8ives me reasonable cause to believe that, in any material respect. the requirements.. to keep accountin8 records in accordance with section 386 of the Companies Act 2006,. and to prepare accounts which accord with the accounting records. comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice= Accounting and Reporting by Charities have not been met; or to which. in my opinion, attention should be drawn in order to enable a proper understandin8 of the atcountS to be reached. Mark Harwood FCA BFP FMAAT Michael Harwood & Co Chartered Ac¢ountont5 Greville House 10 Jury Street Warwick CV34 4EW Date LISFo&kn IOL Project Wingman Foundatton Ltd is registered charity no. 1189403 Page 8 of 20
PROJEcf WINGMAN FOUNDATION LTD Statement of financial activities for the year ended 30th April 2024 {Incorporating the Income and Expenditure Account) Unrestricted Funds 2024 Total Unrestrlrted Funds Funds 2024 2023 Total Funds 2023 Notes Intome from: Donation5 Charitable activities Other trading activities Other 13,658 88.911 185 149 13,658 88.911 185 149 41,735 102,059 955 41.735 102.059 955 Total Income £102,903 £102.903 E144,749 £144.749 Expenditure on: Raising funds Chaiitable activities 908 213.832 908 213,832 9.450 160,805 9.450 160.805 Total Expenditure £214.740 £214.740 £170,255 £170,255 Net movement in funds 1111.8371 1111.8371 125,S061 125,5061 Reconciliation of funds: Total fund5 brought forward 170.029 170,029 195.535 195.535 Total funds carried forward li £58,192 £58.192 £170,029 £17Q,029 Piojecl Wingman Foundation Lld is registered charity no. 1189403 Page 9 0120
PR(YJECT WINGMAN FOUNDATION LTD Balance Sheet as at 30th April 2024 Note 2024 2023 Fixed Asset5 Tangible assets 37,500 79,820 Current Asset5 Debtors= amount falling due within one year Cash at bank and in hand 15.198 24.944 73,924 55,213 40,142 129.137 Creditors.. amount falling due within one year 119,4501 138,9281 Net current assets 20.692 90,209 Total assets less current liabilities 58,192 170,029 Net-Assets £58,192 £170.029 Fund5: Unrestricted Funds li 58,192 170,029 Total charity funds £58.192 £170,029 Directors statements.. 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 obtoin an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006: The directors acknowledge their responsibilities for complying with the requirements of the Companie5 Act 2006 with respect to accountin8 records and the preparation of accounts. The financial statements have been prepared in accordance with the provision5 applicable to companies subject to the small companies. regime. th Approved by the Dirertors on 9 October 2024 and si8ned on their behalf. Carey Edward5 Director / Chairman Project Wngman FourKlalion Ltd is registered charity no. 1189403 Page 10 of20
PROJECT WINGMAN FOUNDATION LTD Notes to the Accounts for the year ended 30th April 2024 I. ACCOUNTING POUCIES al Basis of Preparation The charity con5titute5 a public beneftt entity 35 defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their attounts in accordance with the Financi31 Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019. the Financial Reporting Standard applic3ble in the United Kingdom and Republhc of Ireland IFRS 1021, the Charities Act 2011. the Companies Act 2006 and UK Generally Accepted Accounting Prartice. The financial statements are prepared on the accruals basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling, which is the functional currency of the charity, and rounded to the nearest £1. The charity is a company limited by guarantee in England & Wales. The members of the companv are the trustees. In the event of the charity being wound up. the Siability in respect of the Buarantee 15 limited to £1 per member of the charity. bl Going Concern Oespite the difficulties facing the charity regarding funding the Trustee5 are satisfied that, at the time of approving the financial statement5, It is approprtate to adopt the going concern basis in preparing the financial statements as they are committed to explorin8 all options in order to keep the charity operatin8. cl Risks anfl Future Assumptions The main risk facing the Charity is that revenue it receives from the general public Should be insufficient to cover its futLlfe financial obligations. Therefore. the view of the trustees is that Sufficient cash reserves should be accumulated to allow for any reductions in revenue. dl Policles relating to categories of income and income recognliion Nature of Income Gross income represents the value. net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Categories of Income Voluntary income is received by way of donations. legacies and gifts 3nd is included in full in the statement of financial activities when reteivable. Income from trading charitable activities by the way of sale of goods is included in full in the Statement of financial artivities when receivable. Income from trading charitable attivities by the way of sèle of services is included in full in the statement of financial artivities when receivable, any deferred income shown within creditors on the balance sheet. Project Wingman Foundation Lld is registered charity no. 1189403 Page11 of20
PROJEcf WINGMAN FOUNDATION LTD Note5 to the Accounts for the year ended 30th April 2024 Income recognition Income, whether from exchange or non-exchange transactions, is reco8ni5ed in the statement of financi31 activities ISOFAI on a receivable b3sis. when a transaction or othef event results in an increase in the charity's assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliablv. Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met. All income 15 accounted for gross, before deducting any related fees or costs. Accounting for deferred income and income received in advance Where terms and conditions relaiing to income have not been met or uncertainty exists as to whether t.he charity can meet any terms or conditions otherwise within it5 control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met. Any grant that is subject to performance-related condition5 received in advance of delivering the 8ood5 and services required by that condition, or is subject to unmet conditions wholly outside the conlrol of the recipient charity, 15 accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other condition5 that limit recognition are met. When income from a grant or donation h35 not been recognised due to the conditions applyin8 to the gift not being wholly within the control of the recipient charity. it is disclosed as a contingent asset if receipt of the 8Tant or donation 15 probable once those conditions are met. Where time related conditions are imposed or implied by a funder, then the income is apportioned for the time periods concerned. and. where applicable. is actounted for a5 a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the artivity funded by them. but there are no specific time related tonditions, then the income is not deferred. Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income toncerned. but a liability to any repayment is recognised when repayment becomes probable. el Policies relating to expenditure on good5 and services provided to the charitv Recognition ol liabilities and expenditure A liability. and the related expenditure. is recognised when a legal or constructive obligation exists as a result of a past event. and when tt is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated. Liabilities arising from future funding commitments and constructive obligations, including performance related grant5, where the timing or the amount of the fut¢Jre expenditure required tQ Settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is incfeased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds arbd activities Project Wingman Foundation Ltd is registered charily no. 1189403 Page 12of20
PROJECT WINGMAN FOUNDATION LTD Notes to the Accounts for the year ended 30th April 2024 to which the PTOViSiOn relate5. tl Volunteers In accordance with the SORP. and in recognition of the difficulties in pl3cin8 a monetary value on the contribution from volunteers. the contribution of volunteers is not included within the income of the charity. However. the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and recognise that the charily depends on the support of its volunteers. which 15 very much apprecsated. The charity has 2012023.. 6.5001 volunteers who donated their time. All roles within the charity are voluntary and the value in monetary terms has not been recogni5ed in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these èrrangements. gl Tangible Fixed Assets Tangible fixed assets are measured at their original cost value, or subsequent revaluation. or if donated, 35 described above. Cost value includes all costs expended in bringin8 the asset into it5 intended working condition. Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated usefvl lives. Plant and Machinery IO% Straight Line A regular annual review of the likelihood of asset impairment is undertaken. hl Debtor5 Debtors are measured at their fecoverable amounts at the bèlance sheet date. il Financial instruments including tash and bank balances Bank balances, whether in credit or overdrawn, are shown at the amount properly reconciled to the bank statements. jl Fund Accountin Unrestricied funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted fund5 are subjected to restrictions on their expendilure imposed by the donor or through the terms of an appeal or as implied by law. k) Liability to Taxation The trustees consider that the charity 5atlsfies the tests set out in paragraph I schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 OT Settion 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the tharity and for no other purpose. Value Added Tax is recoverable by the charity. and 15 therefore not included in the relevant costs in the Statement of Financial Activitie5. Project Wngman Foundation Ltd 15 registered charity no. 1189403 Page 13 of20
PR(YJECT WINGMAN FOUNDATION LTD Notes to the Accounts for the year ended 30th April 2024 kl Windsng up or Dissolution of the Charltv If upon winding up or di5501ution of the charity there remain any assets, after the satisfaction of all debt5 and liabilities, the assets represented by the accumulated fund shall be transferred to SOME other charitable body or bodies having similar objects to the charitv. EXPENDITURE ON RAISING FUNDS 2024 2023 Fun6raising publicity and marketing Cost of fundraising activrties 739 169 3,456 5,994 908 9,450 DIRECF CHARITABLE EXPENDITURE 2024 2023 Stèff costs INote 51 Travel and 5ub515tence Bu5 accessorie5. maintenance ancl repair Lounge supplie5 Professional indernnity insurance Recruitment Training Support costs (Note 41 64.317 50,323 27,209 2.389 1.225 429 20 67,920 35,613 43,783 40,021 19,706 5.072 16,610 £213,832 £160.805 Project Wingman Foundation Ltd is registered charity no. 1189403 Page 14 of20
PROJEcf WINGMAN FOUNDATION LTD Notes to the Accounts for the year ended 30th April 2024 SUPPORT COSTS 2024 2023 Administrative overheads Telephone, fax and internet Printing, postage and stationery Membership subscriptions Sundry expenses Computer costs Accountancy fees other than examination or audit fees Other legol and professional fees Auditor's or Independent Examiner's fee5 578 73 1.304 1,366 1.385 3.328 35 2.750 256 50 3,547 1,814 187 35 1.852 £10,819 £7,741 Financial costs Depreciation 3nd impairment Loss on disposal of fixed asset5 Bank charges 52.325 4.436 340 8,869 57.101 8,869 Tot31 support costs £67.920 £16.610 STAFF COSTS 2024 2023 Salaries Social security Pension 63.603 34.833 714 £64,317 £35.613 The 3verage number of full and port-time employees.. No employee received emoluments over £60,0 in the year. Project Wingman Foundation Ltd is registered chartty no. 1189403 Page 15of20
PROJEcf WINGMAN FOUNDATION LTD Notes to the Accounts for the year ended 30th April 2024 TANGIBLE FIXED ASSETS Plant & Machinery Total Cost At I" May 2023 104,073 104,073 Additions 19,817 19.817 Disposals (12,3351 112.3351 At 30, April 2024 111,554 111,890 Depreciation At I" May 2023 24.253 24.253 Charge for the year 9.897 9,897 Impairment 42.428 42,428 Eliminated on di5P05al 12.5241 12,5241 At 30" April 2024 74,054 74,054 Net Book Value At 30th April 2024 37,500 37,500 At 30" April 2023 79.820 79,820 Imp3irment of assets.. At the year end the Trustees decided to perform an impairment review to gain a better understanding of the true worth of the charity's assets. DEBTORS. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepoyments and accrued income Other debtors 11.055 4,073 70 66.000 6,945 979 £15.198 £73.924 Project Wingman Foundation Ltd is registere(I charily no. 1189403 Page 16 of20
PROJECT WINGMAN FOUNDATION LTD Notes to the Accounts for the year ended 30th April 2024 CASH AT BANK AND IN HAND 2024 2023 Virgin Money Account PayPal account 24.905 38 55,008 205 £24.943 £55,213 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors PAYE Accrued expenses Deferred income (Note 91 Other creditors VAT 4.886 15,660 587 3,120 19,352 209 2,750 7.300 4,515 £19.451 £38,928 10. DEFERRED INCOME 2024 2023 AI ISI May 2023 Additions during the year Amounts released to income 19.352 7,300 119,3521 35,684 116,332} At 30, April 2024 £7,300 19.352 Income has been deferred for bus contracts received before the year end relating to a period after the year end. Project Wingman Foundation Ltd is registered charrty no. 1189403 Page 17 of20
È-RUJECT WINGMAN FOUNDATION LTD Notes to the Accounts for the year ended 30th April 2024 11. FUNDS Unrestritted Funds Balance at ISI May 2023 Income in year Expenditure in year 170,029 102,903 1214,7401 Balance at 30, April 2024 £58,192 Unre5trirted Fund5 Balance at I" May 2022 Income in year Expenditure in year 195,535 144,749 1170,2551 8alance at 301h April 2023 £170.029 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangible Fixed Assets Current Assets Current Liabilitie5 Total At 30th April 2024 Restricted funds Unrestricted fLJnds 37.500 40.142 119,4501 58,192 £37.500 £40.142 £119,450) £58,192 At 30th April 2023 Restricted funds Unrestricted funds 79.820 129,137 138.928) 170.029 £79.820 £129.137 £138.9281 £170.029 Project Wingman Foundalion Lid is registered charity no. 1189403 Pa9e 18of20
PROJECT WINGMAN FOUNDATION LTD Notes to the Accounts for the year ended 30th April 2024 13. TRUSTEES. REMUNERATION AND EXPENSES Emma Henderson wa5 paid remuneration of £30.000 durins the year12023.- £17,500) for her role as Chief Executive. There were feimbursements of expenses to the Trustees during the year of £1,102 12023.. £1,537). 14. RELATED PARTY TRAN5AcfioNS There were no other related party transattions durin8 the year12023- £NIL). Project Wngman Foundation Ltd is registered Charity no. 1189403 Page 19 of 20