Registered numbor.. 12703942 Charity number.. 1192877 INNER WINGS (A company limited by guarantae) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
INNER WINGS (A company limitgd by guarantee) CONTENTS Page Reference and administrative details of the charlty. Its trustees and advisers Trustees. rgport Independent examlnerfs report Statement of financial activitigs Balance shoet Notes to the financial statements 9-19
INNER WINGS {A company Ilmlted by guarant991 REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2025 Trustees Melissa Di Donalo Roos Darren Roos Claudia Angela Beatriz Campos Hogan Edit Kovacs Ilaria Magagnoli Company reglstered number 12703942 Charlty registered number 1192877 Reglstered office Aston House Cornwall Avenue London N3 1LF Accountants Adler Shine LLP Chartered Accountants Aston House Cornwall Avenue London N3 1LF Page 1
INNER WINGS (A cornpany limitgd by guaranleo) TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2025 The Iruslees present their annual report together with the financial slalemenls of the charity for the year 1 July 2024 10 30 June 2025. The annual report serves the purposes of both a Iruslees, report and a directors, report under company law. The trustees confirm that the annual report and financial statements of the charitable company comply with the current slalulory requirements, the requirements of the charitable companls governing document and the provisions of the Statement of Recommended Practice ISORPI applicable lo charities preparing their accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021 {effeclive 1 January 20191. Since the charity qualifies as small under section 382 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors. Report} Regulations 2013 has been omitted. Objectives and activitie5 a. Policies and objectives Inner Wings is a charitable foundation that strives to build confidence and resilience in young children across the UK, especially those who need il most. Our mission is lo address the diverse issues affecting children between the ages of 6 10 12, by helping them to build confidence in their abilities and the skills lo articulate these. Our free school programmes and resources work lo give children a confidence 1001kit that nijrlures positive self- worth and acceptance. Being confident doesn't necessarily mean being outspoken., confidence comes from knowing and valuing one's strengths, developing interests and having strong communication skills. This has been rnore critical than ever, with children's mental health issues increasing significantly since the COVID-19 pandemic and cosl-of-living crisis. and exacerbated by smartphone and social media use. The directors have paid due regard lo guidance issued by the Charity Commission in deciding what activities the trust should undertake. In setting objectives and planning for aclivilies, the Iruslees have given due consideration lo general guidance published by the Charity Commission relating lo public benefit, including the guidance 'Public l)enefil.' running a charity IPB21'. b. Strategias for achieving objectlves Inner Wings, strategy for achieving its objectives is lo offer free confidence building programmes lo primary schools across the UK. With a focus on mental health and wellbeing, our programmes fil very well wlhin social and emotional wellbeing curricula. The programmes give young children the skills and tools lo develop a growth mindset, realise their unique FK)tential and improve their public speaking ski1Ss. Page 2
INNER WINGS (A company 11m1t by guarantee> TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 30 JUNE 2025 Objectives and actlvltles (continugd) c. Actlvltles undertakèn to achigve objectlve8 Inner Wings works with primary schools across the UK to ensure each young person is able to become the best version of themselves. Our free, bespoke confidence building programmes are., Engaging by combining active learning with fun pursuits, in teacher friendly handbooks and in line with PSHE frameworks Inclusive and accessible lo disadvantaged communities and children with special educational needs Evidence based and ambitious with programme conlenl developed and cross validated by a tearn with expertise in education. coaching and psychology Through our school programmes, Inner Wings.. Makes a meaningful impact on children's mental health, confidence, resilience and self esteem Provides engaging activities that encourage children lo explore areas of strength, developing genuine interests and bringing out their best selves Empowers children - by tailoring a leading spoken communications approach lo express themselves and their unique thoughts in public d. Main actlvities undertaken to further the charlty'g purposes for the public benefit Inner Wings, confidence building programmes are being delivered in primary schools across the UK. with an increasing number of schools participating throughout the academic year. What sets Inner Wings aparl is recognislng that lasting confidence requires multiple tools working together. This is why we've developed three inlerconnecled programmes addressing dtfferent layers of confidence building.. Finding Your Superpower provides foundation tools and helps children digcover what makes them unique, develop growth mindset approaches and learn lo celebrate achievements. Finding Your Volce delivers expression tools. focusing on public speaking, presence under pressure, an authentic communication. Children learn that they are °good communicators in their own authentic way. Flndlng Your Wings, launched this academic year, adds resilience tools lo the children's toolkit. 11 leaches children lo find confidence in being aulhenlically themselves and lo keep flwng despite life's challenges. Page 3
INNER WINGS (A company limited by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 30 JUNE 2025 Achiovèments and pgrformance a. Main achievoments of the charlty Since September 2021, when Inner Wings launched ils first confidence building programme, the charity has worked with over 230 partner schools from across the UK {of which 95 percent are slate funded) and trained over 1,100 teachers to éeliver ils programrnes. In just four academic years, we have seen over 33,000 programme 'gradualions' from Inner Wings, programmes. Moreover, three quarters of teachers noticed a general positive change in their students and 80 percent of participating children said they fell more confident after completing our programmes. The formation of Inner Wings, high-level Advisory Council in September 2024 marked a milestone in our journey bringing together prominent leaders who believe in our impact. and offering ongoing insight, momentum and accounlabilily. Meeting lermly, this passionate and commilled group helps guide our work, expand our neOrk of beneficiaries and sponsors, and increase our reach lo further support social mobility and gender equality. Financial review . Expenditurg and income The net income for the period amounted lo £259,889, 2 small decrease from the £299,894 received in 2024. The charity conlinLÈes lo receive generous donations from ils supporters. Total expenditure amounted lo £218.439, increasing from £182,659 in 2024. The majority of this increase relates lo the fundraising event undertaken in the year. Otherwise expenditure was largely consistent with the prior year. b. Golng concern The Trustees continue lo adopt the going concern basis in preparing the financial statements for the year ended 30 June 2025. Further details regarding adoption of the going concern basis can be found in note 2.2 to the financial slalements. Structure. governance and management a. Constitutlon Inner Wings is registered as a charitsble company limited by guarantee and was sel up by a Memorandum of Association. b. Methods of appointment or election of trustees The management of the charity is the responsibility of the Iruslees who are elected and co-opted under the terms of the Memorandum of Association. . Financial risk management The Iruslees have assessed the major risks lo which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place lo mib'gale exposLJre lo the major risks. Page 4
INNER WINGS {A company limited by guarante•) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Members. liability The Members of the charity guarantee lo contribute an amount not exceeding £1 to the assets of the charity in the event of wnding up. statement of trustees. responsibilities The Iruslees {who are also the directors of the charity for the purposes of company lawl are responsible for preparing the trustees, report and the financial statements in accordance wlh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company law requires the Iruslees to prepare financial statements for each financial Under company law, the trustees must not approve the financial slalemenls unless they are satisfied that they give a true and fair view of the stale of affairs of the charity and of ils incoming resources and application of resources, including ils income and expenditure, for that period. In preparing these financial slalemenls, the Iruslees are required lo.. select suitable accounting po5icies and then apply them consislenlly,. observe the methods and principles of the Charities SORP IFRS 1021.. make judgments and accounting eslimales that are reasonable and prudent., slate whether applicable UK Accounting Standards IFRS 1021 have been followed. subject to any material departures disclosed and explained in the financial slalemenls,. prepare the financial statements on the going concern basis Ljnless il is inappropriate lo presume that the charity wll continue in business. The Iruslees are responsible for keeping adequate accounting records that are sufficlenl lo show and explain the charity's transactions and disclose with reasonable accuracy al any lime the financial position of the chaTily and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ved y order of the members of the board of trustees 2nd signed on their behalf by-. Mellssa DI Donato Roos Trustee Date.. 161 I I I loL Page 5
INNER WINGS (A company Ilmlted by guaranteo) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2025 Independent examinerfs report to the trusteès of Inner Wings I'thg charity'l I report lo the charity Iruslees on my examination of the accounts of the charity for the year ended 30 June 2025. Rosponsibilities and basis of report As the trustees of the charity land 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'lhe 2006 Acl'l. Having satisfied myself that the accounts of the charity 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 the charity's accounts carried out under section 145 of the Charities Act 2011 {'the 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinar's statement Since the charity's gross income exceeded £250,000 your examiner musl be a member of 8 body listed in section 145 of the 2011 Act. I confirm that l am qualrfied lo undertake the examination because l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no mallers have come lo my attention in connection with the examination giving me cause lo believe.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act.. or the accounts do not accord with those records., or the accounts do not comply with the accoLJnting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fairf view which is not a maller considered as parl of an independent examination., or the accounts have not been prepared in accordance with the methods and prinaples of the Statement of Recommended Practice for accounting and reporting by charities. I have no concerns and have come across no other mallers in connection with the examination to which allenlion should be drawn in this report in order lo enable a proper understanding gf the accounts lo be reached. This report is made solely lo the charil¥s Iruslees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale lo the charity's trustees those matters l am required lo slate lo them in an independent examiner's report and for no other purpose. To the fullest exlenl permilled by law, I do not accept or assume responsibility lo anyone other than the harily and the charity's trustees as a body, for my work or for this report. Signed., Dated.. £¥ £02 Alexander Chrysaphiades FCA (Senior Stalulory AiJditor} Adler Shine LLP Chartered Accountants Aston House Cornwall Avenue London N3 1LF Page 6
INNER WINGS (A Company limited by guarantee> STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 30 JUNE 2025 Rostricted Unrestrieted funds funds 2025 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacies Charitable activities Other trading activities Investments 75.591 170,048 92 11.714 245,639 92 11.714 292.336 6,500 1.052 Total Income 75,591 184.298 259.889 299,894 Expenditure on: Charitable activities 75.591 142,848 218.439 182.659 Total èxpenditurg 75,591 142.848 218,439 182.659 Net movement in funds 41.450 41.450 117,235 Reconclllation of funds: Total funds brought forward Nel movement in funds 256,143 41,450 256,143 41.450 138,908 It7,235 Total funds carried forward 297,593 297,593 256, 143 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages g 10 19 form part of these financial slatemenls. Page 7
INNER WINGS (A company limited by guaranteo) REGISTERED NUMBER: 127Q3942 BALANCE SHEET AS AT 30 JUNE 2025 2025 2024 Note Current assets Debtors Cash al bank and in hand 91,143 21 S,499 127, 149 136,259 306,642 264.008 Current liabllltles Creditors.. amounts falling due within one year 14 19,0491 {7.865J Net current assets 297.593 256, 143 Total net assets 297,593 256,143 Charlty funds Reslricled funds 15 Unreslricled funds 297.593 256, 143 Total funds 297,593 256, 143 The charity was enlilled lo exempllon from audit under section 477 of the Companies Act 2006. The members have not required the company lo obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records and preparation of financial stalemenls. The financial slalemenls have been prepared in accordance wlh the provisions applicable lo enlilies subject lo the small companies regime. The finan ial slal ments were approved and aulhorised f r issue by the trustees and signed on their behalf by.. Melissa Di Donato Roos Trustee Dale.. 16111 l Lo2 The notes on pages 9 10 19 form part of these financial stalemenls. Page 8
INNER WINGS (A company limitgd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 General Informatlon Inner Wings is a public benefit enlily and a private company limited by guarantee, registered in England and Wales. The registered office address is Aston House, Cornwall Avenue, London. N3 1LF. The registered company number is 12703942 and the registered charity number is 1192877. The financial statements are presented in Sterling (£1, rounded to the nearest £1. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021- Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Companie5 Act 2(M)6. Inner Wings meets the definib'on of a public benefit enlily under FRS 102. Assets and liabilities are initially recognised al historical cost OT transaction value unless olhermse slated in Ihe relevant accounting policy. 2.2 Golng concern The financial slalemenls have been prepared on the going concern basis, which the trustees believe lo be appropriate for the following reasons. The tnjslees have reviewed the charitys current cash position, and for a minimum period of al least 12 months from the date of approval of these Iinancial statements, the charity will be able lo meet ils liabilities as and when they fall due. The trustees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Having made the appropriate enquires, the Iruslees consider il appropriate to prepare the financial slalemenls on the going concern basis. 2.3 Income All income is recognised once Ihe charity has enlillemenl lo the income, it is probable that the income 11 be received and the amount of income receivable can be measured reliably. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation. Income lax recoverable in relation to investment income is recognised at the lime the investment income is receivable. Page 9
INNER WINGS (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Accounting policies Icontinuod) 2.4 Expenditure Expenditure is recognised once there is a legal or conslruclive obligation lo transfer economic benefit lo a third party, il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct Costs and shared costs, including SUPF)orl costs involved in undertaking each activity. Direct costs allribuiable lo a single activity are allocated directly lo that aclivily. Shared costs which contribute lo more than one activity and support costs which are not atlribulable to a single activity are apportioned between Ihose activities on a basis consislenl with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitabe activities is incurred on directly undertaking the activities which further the charills objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions aliaching are fulfilled. Grants offered subject lo conditions which have not been mel al the year end are noted as a commitment, but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. 2.5 Interest ro¢9ivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity,. this is normally upon nolificalion of the interest paid or payable by the inslilulion with whom the funds are deposited. 2.6 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaié nel of any trade discounts due. 2.7 Cash at bank and Sn hand Cash al bank and in hand includes cash and short-lemi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.8 Llabllltles and provisions Liabilities afft recognised when there is an obligallon al the balance sheet dale as a result of a past event, il is probable that a transfer of economic benefit wi51 be required in selllement, and the amount of the selllemenl can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates il will pay lo settle the debt or the amount it has received as advanced payments for the goods or services il musl provide. Page10
INNER WINGS IA company limitgd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Accountlng pollcles leontinued) 2.9 Flnanclal Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financi81 instruments. Basic financial instruments are initially recognised al transaction value and subsequenUy measured al their selllemenl value with the exception of bank loans which are subsequenUy measured al amortised cosl using the effective interest method. 2.10 Pensions The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year. 2.11 Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Reslricled funds are funds which are lo be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specrfic fund. The aim and use of each restricted fund is sel out in the notes lo the financial stalemenls. Investment income, gains and losses are allocated lo the appropriate fund. In¢ome from donations and legacies Restricted Unrgstrictad funds funds 2025 2025 Total funds 2025 Donations 75,591 170,048 245,639 Unrestricted funds 2024 Total funds 2Q24 Donations 292.336 292,336 Page11
INNER WINGS (A company limit by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Income from charitable activities Unrostrictod funds 2025 Total funds 2025 Book sales 92 92 Unrestricted funds 2024 Total funds 2024 Book sales In¢omg from other trading activities Income from fundraising events Unrestricted funds 2025 Total funds 2025 Fundraising 11,714 11.714 Unrestricted funds 2024 Total funds 2024 Fundraising 6,500 6,500 Page 12
INNER WINGS (A company Ilmlted by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Investment Income Unrgstricted funds 2025 Total funds 2025 Investment income - Ial cash 2,444 2.444 Unresfricled fvnds 2024 Total ftjnds 2024 Investment income - local cash 1,052 1,052 Analysls of grants Grants to Individuals 2025 Total funds 2025 Grants. Confidence building foundation Grants to Individuals 2024 Total funds 2024 Grants, Confidence building foundation 4,500 4,500 Page 13
INNER WINGS (A company IlmStèd by guarantee) NOTES TO THE FINANCIAL STATEklENTS FOR THE YEAR ENDEO 30 JUNE 2025 Expgnditure on charitable activities Summary byfund type Restricted Unrostrictgd funds funds 2025 2025 Total 2025 Confidence building foundation 75,591 142,848 218.439 Unreslricled fvnds 2024 Tolal 2024 Confidence building foundation 182,659 182,659 Analysis of expenditure by activitifjs Activities undgrtaken directly 2025 Support costs 2025 Total funds 2025 Confidence building foundation 57,242 161,197 218,439 Activities undertaken directly 2024 Grant fijnding ol activities 2024 Support costs 2024 Total funds 2Q24 Confidence building foundation 29,654 4.500 148,505 182,659 Page 14
INNER WINGS (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 10. Independent examinerfs rgmuneration 2025 2024 Fees payable lo the charity's independent examiner for the independent examination of the charills annual accounts 3.600 3,600 11. Staff costs 2025 2024 Wage5 and salaries Social security costs Contribution to defined contribution pension scheme5 129,608 8.450 2.710 126,226 8,397 2.626 140,768 137,249 The average number of persons employed by the charity during the year was as follows.. 2025 No. 2024 No. Head office and administration The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was.. 2025 No. 2024 No. In the band £60,001 - £70,000 12. Trustees. remuneration and expenses During the year, no Iru5tees received any remuneration or other benefits (2024- £NIL). During the year ended 30 June 2025, no Iruslee expenses have been incurred (2024 - £NIL). Page 15
INNER WINGS IA company limitgd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 13. Dobtors 2025 2024 Commilled donations Income lax recoverable Prepayments and accrued income 80.000 5,357 5,786 40.000 34,867 52,882 91.143 727. 749 14. Creditors: Amounts falllng due within ong year 2025 2024 Trade creditors Other laxalion and social security Other creditors Accrua15 and deferred income 574 2.193 1,474 3.624 2.512 537 6,000 9,049 7,865 Page 16
INNER WINGS (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 15. Statement of funds Statement of funds - current year Balance at 30 June 2025 Balance at 1 July 2024 Incomo Expgnditure Unrestrlcted funds General Funds - all fvnds 256.143 184,298 1142.8481 297,593 Restrlcted fundg Reslricled Funds - all funds 75,591 {75.5911 Total of funds 256.143 259.889 1218,4391 297,593 Statement of funds - prior year Balance al 30 June 2024 8818nce et l July 2023 Incom8 Expenditure Unrostricted funds General Funds - all funds 138,908 299.894 (182,659) 256, 143 16. Summary of funds Summary of funds - current ygar Balance at 30 June 2025 Balance at 1 July 2024 Income Expenditure General funds Reslricled funds 256,143 184.298 75.591 (142,848) {75,591} 297,593 256.143 259,889 1218.4391 297,593 Page17
INNER WINGS IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEklENTS FOR THE YEAR ENOED 30 JUNE 2025 16. Summary of funds {continued} Summary of funds- prior year Balanc8 at 30 June 2024 Salance al t July 2023 Income Expenditure General funds 138.908 299.894 (182,659) 256, 143 17. Analysls of net assets between funds Analysis of net assets between funds - current year Unrgstricted funds 2025 Total funds 2025 Current assets Creditors due within one year 306,642 19,0491 306,642 19.0491 Totsl 297,593 297,593 Analysis of net assets between funds- prior year Unrestricted fvnds 2024 Total fvnds 2024 Current assets Creditors due within one year 264,008 (7,865) 264,OQ8 (7.865) Total 256, 143 256, 143 18. Pension commitrnonts The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents conlribulions payable by the charity lo the fund and amounted lo £2,71012024 - £2,626). £230 12024 - £Nill was outstanding al the balance sheet date. Page 18
INNER WINGS (A company limitgd by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 19. Related party transactions During the period the Iruslees made donations lo the charity tolalling £17612024- £79,466). No balances were outstanding as al the year end. Page 19