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Project Wingman Foundation Ltd
Trustees, Annual Report & Accounts
for the year ended 30th April 2024
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*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
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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
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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
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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
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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
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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
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