2025-04-30-accounts

OJE Project Wingman Foundation Ltd Trustees, Annual Report & Accounts th for the year ended 30 April 2025 IJJ ELL- EElI.Ir, JI.1 IJJHEEI,., .r-

Contents Introduction Administrative details Project Wingman Foundation Ltd is a national wellbeing charity. Since its establishment in 2020 in response to the COVID-19 public health emergency, it has provided wellbeing service5 to NHS staff. The charity has been powered by aircrew from numerous airlines who were brought down to earth - literally- by the pandemic and turned their skills and time to supporting our then struggling NHS. Introduction AboLSt us Governance Operations in 2024-2025 Strategic review Financial review In our last report we stated that we were considering the way forward and that big strategic decisions were needed. Shortly after the publication of that report, trustees took the decision to wind down and close the charity. This decision was difficult for the board members who have been so invested in the charity since its inception, but is undoubtedly the right thing to do for many reasons. Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts Administrative details Consequently, this report is relatively brief, as there has been le55 activity in terms of project delivery in the past year. At year-end we still own one of the vehicles which is being prepared for sale. The board will formally dissolve the charity within a few weeks of the new financial year and distribute any remaining funds to some of the NHS charities with which we have worked in the past; this is in line with our constitutional obligations on dissolution. The legal name of the charity is The Project Wingman Foundation Limited Charity no.. 1189403 Company no.: 12559130 Address: 118 Pall Mall, London, SWIY SEA Telephone: [phone] Email.. [e-mail] Website.. www.projectwingman.co.uk The last of our static wellbeing lounges, based at Hove hospital, c105ed in the previous year. A small number of mobile wellbeing bus visit5 took place in 2024-25 before the double decker buses were sold. Our remaining small vehicle has required some repair work in order to be saleable and at the time of writing this is underway. Bankers: Virgin Bank, Manchester Independent examiners: Michael Harwood & Co Chartered Accountants 10 Jury Street Warwick, CV34 4EW Trustees serving this period.. Mr C. Edwards (Chair I Ms E. Henderson Ms E. Gauntlett Ms S. Skelton Mr R. Griffin Project Wingman Foundation Ltd is registered charity no. 1189403 Page l of 16

About us The aim of Project Wingman Foundation Ltd since its establishment in 2020 has been to provide wellbeing support to N HS staff across the UK. We were intent on de-stigmatising struggles with wellbeing, providing tea and empathy, improving wellbeing support and providing a safe space for our beneficiaries. heolth difficulties due to workploce stress, working in hospitals and other care estoblishments by the provision offocilitiesfor respite, welfore ond emotionol Support in the interests of sociol welfore with the object of enhoncing their quality of life. We take pride in how aircrew came together to serve the country in a time of crisis, and that pride will remain with us forever. The need for this originated during the COVID- 19 pandemic when the NHS needed support as it faced the biggest challenge in its history. Durin8 the pandemic large numbers of aircrew were grounded and we realised that thev possessed many of the ski115 required to meet the needs of the NHS. Governance Project Wingman Foundation Ltd is still, at the time of writing, a registered charity and also a limited company. Trustees of the charity are directors of the company and are therefore bound by the responsibilities of both. Since the termination of staff employment contracts las described in the previous report) the trustee5 themselves have dealt with operational matters with some assistance from key remaining volunteers and a handful of contractors. Our initial response was to create wellbeing lounges in hospitals across the UK, with over 6,500 volunteers signing up, representing all corners of aviation. As the pandemic chan8ed, we changed with it, and by the end of our first year, we had purchased, converted and launched our first mobile wellbeing loun8e double decker bu5 we named Wellbee. In July 2021 we added sister bus Wingbee. The vehicles were booked by NHS trusts as wellbeing spaces,. we provided the vehicle, logistlC5, supplies, and crew delivering exemplary customer service skills. The NHS trusts were encouraged to use the space as they see fit to enhance staff wellbeing, and many saw our services as a powerful tool to achieve thls. At year-end there are five trustees/directors with varying backgrounds and expertise, but 311 united through their dedication to our work. Trustee meetings are held as required online or loccasionallyl in person. The board's key aim this year has been to manage the winding down of the operation smoothly, compliantly and tactfully. As the impact of the pandemic receded and NHS trusts faced new - rnainly financial - challenges, they found it difficult and then imp055ible to fund our work. Aircrew too returned to normality, leaving us contemplating our future, ultimately deciding that our work is done. OJE Our formal objectives were, for public benefit, 'to relieve the needs of people, particulorly but not exclusively those sufferingfrom mental Project Wingman Foundation Ltd is registered charity no. 1189403 Page 2 of 16

erations in 2024-2025 The two large double-deckers, Wellbee and Wingbee, together made a final five visits to NHS Trusts across the UK,. those visits were to.. Mersey Care Liverpool, May '24 Ayrshire & Arran Scotland, June '24 Kingston London, September'24 Imperial London, September '24 Homerton London, March '25 The visit to Homerton was our final mobile lounge vislt and interestingly land co-incidentally) became important to us because that is the site at which we started our mobile lounge programme. The picture on the front of this document shows trLtstees Richard Griffin and Sarah Skelton onsite in March '25. Over the course of five tours this year we delivered support to over 3,300 NHS staff visiting the buses. Once again our lounge volunteers were incredible, supporting us to the very last, and we thank them sincerely. The NHS staff we have served have always been a source of inspiration, and this was no different in these last few tours. Strate ic Review Options for the future considered early in the year were outlined in our previous report and were.. l. To continue at reduced capacity, consolidating our efforts in a smaller geographic area 2. Expanding the scope of the wellbeing service to beyond the NHS 3. Merging with or transferring our service5 to another like-minded wellbeing charity 4. Winding up the charity and distributing its assets to charities with similar objective5 Option 4 was the chosen option. Our strategy has been to operate until our fifth anniversary and then close gracefully having achieved what we set out to do. All that now remains is the sale of the last vehicle and the formalities of closing the organisation down and distributing its a55ets. Project Wingman Foundatioa Ltd is registered charity no. 1189403 Pa8e 3 of 16

Financial Review Termination The charity's accounts are presented in full below, the decline in income has of course been inevitable. The charity will shortly close with no further liabilities or issues outstanding, the last remaining vehicle will be sold, and cash balances will be distributed to NHS charities, which is in line with our constitutional obli8ation5. Some funds were spent on a "thank you" event attended by 100 volunteers in London, and a small budget was agreed for a similar but smaller event in Edinbur8h in June 2025. Public Beneflt Trustees have regard to the Charity Commission's guidance on public benefit when making decisions. Risk Review Trustee5 consider risks to the charity at each meeting and In particular, in recent months, the financial and reputational risks associated with termination. Re5enies Policy This is no longer applicable. The vehlcles All but one of the vehicles have been disposed of durin8 the year. This was depreciated at IO% on straight-line basis and was subject to an impairment review resultin8 in value being decreased by £4,600. It's remaining net book value is £lQ,O¢JO. Stotement oADlrectors' Responslbilities The financial Statements have been prepared in accordance with the accounting policies set out on pages 9 to 11 and comply with the Charitable Company's Memorandum and Articles of Association and applicable company and charity law. Company Law requires the Directors to prepare financial Statements for each financial period that 8ives a true and fair view of the state of affairs of the charitable company and the surplus or deficit for that period. In preparing these statements, the Directors are required to: Select 5Ultable accounting policies and then apply them consistently,. Observe the methods and principles in the Charities SORP 2019 IFRS 1021,. Make judgements and estimates that are reasonable and prudent; State whether applicable Accounting Standards have been followed, subject to any material departure5 disclosed and explained in the financial statements; Prepare the financial statement5 on the going concern basis unle55 It is inappropriate to presume that the company will continue in operation. Project Wingman Foundation Ltd is registered charity no. 1189403 Page 4 of 16

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 safeguarding the assets of the company and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. The report of the directors has been prepared having taken advantage of the small companies, exemption in the Companies Act 2006. This report was approved by the Directors on 2710712025 and signed on their behalf. Carey Edwards Director I Chair of Trustees Project Wingman Foundation Ltd is re8istered charity no. 1189403 Page 5 of 16

Inde endent Examiner's Re ort to the Trustees I report to the charity trustees on my examination of the accounts of the company for the year ended 30th April 2025 which are Set out on pages 7 to 15. Responsibilities and bosis 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 Compa nies Act 20061'the 2006 Act'l. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of vour company's 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 Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlner's statement In connection with my examination, no matter has come to my attention.. l. Which gives me reasonable cause to believe that, in any material respect, the requirements.. to keep accounting 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 2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mark Harwood FCA BFP FMAAT Michael Harwood & Co Chartered Accountants Greville House 10 Jury Street Warwick CV34 4EW 2710712025 Project Wingman Foundation Ltd is registered charity no. 1189403 Pase 6 of 16

PROJEcf WINGMAN FOUNDATION LTD Statement of financial activities for the ear ended 30th A Incor oratin the Income and Ex enditure Account ril 2025 Unrestrlcted Funds 2025 Total Unrestrlcted Funds Funds 2025 2024 Total Funds 2024 Notes Income from: Donations Charitable activities Other trading activities Other 13,658 88,911 185 149 13,658 88,911 185 149 37,615 48 21 37,615 21 Total Income £37,684 £37,684 £102,903 £102,903 Expendlture on: Raising funds Charitable activities 74 77.746 74 77.746 908 213,832 908 213,832 Total Expendlture £77,820 £77.820 £214,740 £214,740 Net movement In funds 140,1361 (40.1361 1111.837) 1111,8371 Reconclllatlon of funds: Total funds brought forward 58,192 58,192 170,029 170.029 Total funds carrled forward li £18,056 £18.056 £58,192 £58,192 Project Wingman Foundation Ltd is re8lStered chartty no. 1189403 Page 7 of 16

PROJECT WINGMAN FOUNDATION LTD Balance Sheet as at 30th April 2025 Note 2025 2024 Flxed Assets Tangible assets 10,000 37,500 Current Asset5 Debtors.. amount falling due within one year sh at bank and in hand 15,198 24,944 10,056 20,056 40,142 Creditors.. amount falling due within one year 12,0001 119,4501 Net current asset5 18,056 20,692 Total a$5ets les5 current Ilabllltles 18,056 58,192 Net Assets £18,056 £58,192 Funds: Unrestricted Funds li 18.056 58,192 Total charlty funds £18,056 £58,192 Directors, statements: The company was entitled to exemption from audit under section 477 of the Companie5 Act 2006 relating to Small companies,. The members have not required the company to obtain 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 Companies Act 2006 with respect to accounting records and the preparation of accounts,. The financial statements have been prepared in accordance with the provisions applicable to companie5 subject to the small companies, regime. Approved by the Directors on 2710712025 and signed on their behalf. Carey Edwards Director I Chairman Project Wingman Foundation Ltd is registered charity no. 1189403 Page 8 of 16

PROJECT WINGMAN FOUNDATION LTD Note5 to the Accounts for the year ended 30th April 2025 I. ACCOUNTING POLICIES al Basls of Prèparatlon The charity constitutes a public benefit enrlty as defined by FRS 102, The financial statements have been prepared in accordance with Accountin8 and Reporting by Charities.. Statement ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable Sn the UK and Republic of Ireland issued in October 2019, the Financial Reportln8 Stsndard applicable in the United Kingdorn and Republic of Ireland IFRS 1021, the Charitie5 Act 2011, the Companie5 Act 2006 and UK Generally Accepted Accounting Practice. The lin3ncial statements are prepared on the accruals basis under the historlcal cost convention, rnodified to include certain items at falr value. The financial statement5 are presented in sterlin8, which is the lunctlonal currency ol the charity, and rounded ¢0 the nearest £1. The ¢harity is a cornpany limited by guarantee in En8land & Wales. The members ol the company are the trustee5. In the event ol the charSty belng wound up. the liablllty In respect of the guarantee Ss limlted to £1 per member ol the charlty. bl Goln8 Concern The charity Was Set up lor a speclflc purpose and It has concluded that in Ilght of It completSn8 Its projects. the eharlty wlll no lon8er be continuin8. l Rlsks and Future A55urnpilons The maln risk lacing the Charlty Is that revenue It receives frorn the general publlc should be 5nsufflclent to cover Its future finantial obllgatlons. Therefore. the vlew of the trustee5 IS that sufficient cash reserves should be accumulated to allow for any reductions in revenue. dl Pollcles relatln8 to cattgorles ol Income and In¢ome recognltlon Nature ol In¢ome Gros5 intome represents the value, net of value added tax and dlscgunts. ol goods provlded to customers and work carrSed out in re5PèCt ol services provided to customers. Cate8orle5 of Income Voluntary income Is recelved by way ol donations, le8acies and gifts and Is included in lull in the statement ol financial ctivitiès when receivable. Income from trèdin8 charitable actlvities by the way ol sale of 8ood5 is included Sn lull in the statement ol flnanclal activitSes when receivable. Income from trading charitable attivitles by the way of sale of services is included in lull In the 5taternent ol flnancSal activities when receivable, any Lleferred income shown withSn creditors on the balance sheet. Income recognltlon Income, whether from exchange or non-exchange transactions, Is recogni5ed in the statement ol financial artlvit1es ISOFAI on a receivable basis, when 8 transaction or other event results in an increase in the charity s assets or a reduction in its liabilities and only when the charity has legal entitlement, rhe income is probable and can be measured rellably. Income subject to terms and conditlons which must be met before the charfty is entitled to the resources is not reco8ni5ed until the conditions have been met. All incorne is accounted for gross, before dedurting any related lees or costs. Project Wingman Foundation Ltd is registered charity no. 1189403 Page 9 of 16

AccountlnB for dèferred Incomè and income received In advance Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet ny terms or condition5 OthenNi5e within its control. income Is not recognised but is deferred as a liability until it 15 probable that the terms or conditions iFnposed can be rnet. Any grant that is subject to perforrnance-related condition5 received in advance of delivering the goods and services required by that condition. or is subject to unmet conditions wholly outside the control of the recipient charlty, is accounted lor as a liability and shown on the balance sheet as deferred incomè. Defèrred income 15 released to income in the reportin8 period in which the performancè-related or other conditions that limit reco8nition are met. When income from a grant or donation ha5 not been recognised due to the conditions applyin8 to the gift not being wholly within the control ol the recipient charity. it 15 disclosed as a contingent asset il receipt of the grant or donation is probable once those conditlons are met. Where tirne Telated conditions are Imposed or Implied by a funder. then the income 15 apportioned for the time perlods concerned, and, where appllcable, Is accounted lor a5 a liability and shown on the balance Sheet as deferred Income. When 8rants are received in advance of the expend5ture on the activity funded by them. but there are no specific tlme related condltlons, then the income is not deferred. Any conditlon that allows for the recovery by the donor of any unexpended part ol a 8rant does not prevent recognition of the income concerned, but a Ilabllity to any repayment 13 reco8n15ed when repayment becomes probable. el Pollcles relatlng to expendlture on ¥ood5 and 5ervlces provlded to the chailty Recognltlon of Ilobllltles and expendlture A Ilabllity, and the related expenditure. is reco8nlsed when a legal or constructive obligation exists as a result ol a past event, and when it is more Ilkely than not that a transfer 91 economic beneflts wlll be requlred In settlemènt, and when the arnount ol thè obli8atSon can be measured or relSably estimated. Liabilities arising from future fundin8 commitments and constructlve obligations, includin8 performance related grants, where the tSmin8 or the amount ol the future expencjlture required to settle the obli8atitsn are uncertain, 8ive rise to provision in the accounts, which reviewed at the accountin8 year end. The provision is increased to reflect any increases In liabllities, and 15 decreased by the utllisation ol any provlslon within the period. and reversed il any provlsion is no lon8er required, Thesè movements are char8ed or credited to the respective funds and activit5es to whi¢h the provi51on relates. 11 Volunteeis In accordance with the SORP, and in recognition of the dilliculties in placin8 a monetary value on the contribution from volunteers, the contribution ol volunteers Is not included within the in¢ome ol the charity. However, the trusteè5 value the 5i8nificant contribution made to the activities ol the charity by unpaid volunteers and reco8nise that the charity depends on the support ol its volunteers, which is very much appreciated. The charity has 20 12024.. 201 volunteers who donated thelr tlme. All roles within the charity are vgluntary and the value In monetary term5 has not been recogni5ed in the Statement of Financial Activities. The volunteer5 and the charity accept and a8ree that no contract ol ernployment 15 created by these arrangements. 81 Tanglblt Flxed A5set5 Tangible fixed a$5ets are measured at their original cost value. or subsequent revaluation, or If donated, as descrlbed above. Cost value incluiyes all costs expended in bringing the asset into its intended workin8 condition. Depreciation has been provlded at the followin8 rate5 in order to write off the assets to thelr anticipated residual value over their e5tirnated useful lives. Plant and Machlnery.. IO% Straight Line A re8ular annual review of the likelihood of asset impairment 15 undertaken. thi5 year the final remaining bu5 was subject to an Impairment review and the value was decreased by £4,6￿ to reflect the estimated market value provided by the trustees. Project Wingman Foundation Ltd is registered charity no. 1189403 Page 10 of 16

hl Debtors Debtors are rneasured at their recoverable amounts at the balance sheet date. 11 Flnanclal Instruments Includlng cash and bank balances Bank balances, whether in credlt or overdrawn, are shown at the amount properly retonciled to the bank statements. 11 Fund Accountlng Unrestricted funds are avallable lor use at the distretion of the trustees In furtherance of the general oblettives ol the charity. Restricted funds are subjected to restrictions on thelr expenditure Imposed by the donor or through the terms ol an appeal or as implied by law. kl Llablllly to Taxatlon The trustees consider that the charity satisfie5 the tests set out in para8raph I schèdule 6 01 the Flnance Act 2010 lor UK corporation tax purposes. Accordln8ly. the charity is potentially exempt Irorn taxation in respect of Income or capital gain5 received within catègories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 01 the Taxation ol Char8eable Gain5 Act 1992, to the extent that such income or galns are applied eKclu5ively on the specific charitable objects of the charlty and for no other purpose. Vèlue Added Tax Is recoverable by the charlty. and Is therefore not Included In the relevant costs in the Statement of Financial Activitiès. 11 Wlndln8 up or Dl5501utlon ol the Charlty If upon winding up or dissolution of the charity there remain any assets. after the satisfaction ol all debts and liabilltles, the 35sets represented by the accumulatèd fund shall be transferrèd to another charltable body or bodies having simllar objects to the charlty, 2. EXPENDITURE ON RAISING FUNOS 2025 2024 Fundraising publiclty and marketlng Cost of fundralsing activitSes 73 739 169 74 908 3. DIRECT CHARITABLE EXPENDITURE 2025 2024 Staff costs INote 51 Travel and subsistence Bus accessories, maintenance and repair Lounge supplies Professlonal indemnity Insurance Recrultment Trainlng Support costs (Note 41 14,461 21,175 11,630 773 978 64,317 50.323 27,209 2,389 1,225 429 20 67,920 28,729 £77.746 £213,832 Project Wingman Foundation Ltd is registered charity no. 1189403 Page 11 of 16

1. SLIPPORT COST5 2025 2024 Admlnlstralive o¥•rh•ads Telephone, fax and ip.ternet Printin8. POSta8e and stationery Membership subscriptions Sundry expenses Computer costs Accountancy fees other than examinatlon or audit fees Other le8al and professional fees Auditor's or Independent Examiner's fees 213 578 73 1.304 1,366 1.385 3,328 35 2.750 714 134 430 3.796 2,750 £8,045 £10,819 Finan¢ial costs Depreciation and impairment Los5 on disposal of fixed assets Bank charges 6,500 14,CNX) 52.325 4.436 340 20,684 57,101 Total support costs £28,729 £67.920

2. STAFF COSTS 2025 2024 Salaries Social security Pension 14.316 63,603 145 714 £14.461 £64,317 The average number of full and pan-time employees: No employee received emoluments over £60.(M)O in the year. Projecl Wingman Foundation Ltd is re8lStered charity no. 1189403 Page 12 of 16

3. TANGIBLE FIXED A55ETS Plant & Ma¢hlnery Total Cost At I" May 2024 111,554 111,554 Additions Disposals 192,5541 192,5541 At 30th April 2025 19,000 19,000 Depreclatlon At 1st May 2024 74,054 74,054 Charge for the year 1,900 Impairment 4,6tXJ Eliminated on disposal 171,5541 171,5541 At 30" April 2025 9,CQO Net Book Value At 30th April 2025 10,000 io,cM)o At 30" April 2024 37,500 37,5 Impairment ol assets.. At thè year end rhe Trustees decided to perfgrm an impalrment review to 8ain a better understandin8 ol the true worth ol the charlWs assets.

4. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2025 2024 Trade debtors Prepayments and accrued income Other debto 11,055 4,073 70 £NIL £15,198 Project Wingman Foundation Ltd 15 re8lStered charity no. 1189403 Page 13 of 16

5. CASH AT BANKANO IN HAND 2025 2024 Virgin Money Account PayPal account 10,056 24,905 38 £10.056 £24,943

6. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors PAYE Accrued expenses Deferred income INote 91 Other creditors VAT 4,886 2,750 7,300 4,515 £2,000 £19,451
7. DEFERRED INCOME 2025 2024 At i*t May 2024 Additions during the year Amounts released to income 7,3C 19,352 7,300 119,3521 17,3CN)I At 30" April 2025 £NIL £7.300 Income has been deferred for bus contracts rèceived before the year end relating to a period after the year end.

8. FUNDS Unrestrlcted Funds £ £58,192 37,684 177,8201 Balance at 1st May 2024 Ineorne in year Expenditure in year Balance at 30th April 2025 £18,056 Unre5trlcted Funds £ 170.029 102,903 1214,7401 Balance at I" May 2023 Income in year Expenditure in year Balance at 30th April 2024 £58,192 Project Wingman Foundation Ltd is registered charity no. 1189403 Page 14 of 16

9. ANALYSIS OF NET ASSETS BETWEEN FUNDS Tan8lble Flxed Assets Current Assets Current Uabllltlès Total At 30" Aprll 2025 Re5trirtd funds Unrestricted funds io.oc 10,056 12.0001 18,056 £io.000 £10,056 £12,000) £18,056 At 30th Aprll 2024 Restrictéd lunds Unrestricted funds 37,500 40,142 119,4501 58.192 £37,5CJ £40,142 £119,450) £58,192

10. TRUSTEES REMUNERATION AND EXPENSES No trustees received remuneration durin8 the year12024.. E30,0001. There were reimbursements of expenses to the Trustees during the year of £15212024.. £1.1021.
11. RELATED PARTY TRANSACTIONS There were no other related party transactlons durin8 the year12024.. £NILI. END Project Wingman Foundation Ltd is re81Stered charsty no. 1189403 Page 15 of 16