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2021-12-31-accounts

Contents
Page
Reference and administration details
Trustees' annual report
Independent
examiner's
report 14
Statement offinancial activities 15
Balance sheet 16
Statement ofcash flows 17
Notes to the financial
statements
18

health care, water, sanitation
a
care, water, sanitation
a
care, water, sanitation
a
care, water, sanitation
a
nd education
a
nd to improved
livelihood
opportunities
since 2006.
-Goal ','=Des'cription . /Abhievpement
la 2021
Ll Increased operational capacity of UK: RiverRover 308 hovercraft
maintained
for fundraising
events
hovercratt and logistic equipment and used as atest bed for design improvements.
New craft design
and staff captured
on CAD, build programme
started, and key elements
procured. Technical partnerships
with RICARDO and Camb. Univ
MADA: Ongoing work to repair and make ready the Vortex 5 and
RiverRover 403 craft.
1.2 Increased number ofpeople reached UK: Initial discussions
on collaborations
with IMPACT, YWAM
by others
provided
using logistic
by HoverAid.
services MADA; IMPACT Madagascar project started around Maevetanana
but not completed
due to hovercraft
failure. MEDNET evasan
collaboration
established
with MAF and Nehemiah
1.3 Increased number ofpeople reached UK:Funding raised and provided
as requested
for core MMS,
where no other development emergency,
evasan, and disaster recovery
/ rebuild
partners are present (yet). MADA; 10MMS's provided direct care for 4,081people in 9
locations vs 2,353 in 2020
Emergency response UK:f28,000raised and provided
for schools build, evasan, stoim
damage
survey.
MADA: Building ofthree schools in Ambato Boeny completed,
Distribution
ofCOVID protection, medicines
and cleaning
e ui ment. Four evasan res ense
ro'ects

Goal Itescrt
tion
Achievement
in 2021
Enlarged support portfolio UK; Regular UK subscribers
have increased irom 620 to 650. 176donors.
via four HoverAid
member
Regular gifts from 14businesses
and churches. Facebook campaigns
now
organisations,
being
reaching
1,700"regular "followers". Three events held, raising f8,672.
sufficient to support Supporters
and HA team took on two "challenges", raising f3,478
planned
life-changing
programs
to be
implemented
by Hover+Aid
and for logistics services
using hovercraft
Part time paid Events Coordinator
taken on (funded by Aidan Trust).
Web site improvements
made to HA UK website. Regular comms, to UK
supporter base via Summer 2021 newsletter
(to all subscribers),
monthly
prayer letters (to 240 signed up to receive), and oneoff appeals
/ updates
MADA: Increasing
number ofFacebook followers
in MADA. Regular
capture and communication
ofvideo, photo and narrative offont-line
work
for dissemination
to su
orters
The board is satisfied that both communications,
awareness
and fundraising
campaigns
have been
undertaken
with due respect to the dignity
and privacy ofboth charitable
beneficiaries
(in particular,
vulnerable
persons in iuml Madagascar)
and prospective
supporters,
donors, and volunteers
in the UK.
No
unsolicited
direct marketing
has been used, and the requirements
ofthe Data Protection Act have been
adhered to throughout.
HoverAid
does not use any third parties to contact prospective
supporters.
irection, with purposefu l
guidance
by HoverAid
International.
Goal De'scription, "=:,.-' —. -. —. == =
.
-
=:rAchieyementin2021"
All HoverAid members UK:Board ofTrustees meeting monthly
and refreshed
with new
Trustees.
have further New UK team members: Finance officer; Operations
and ITofficer;
strengthened their Events coordinator; New hovercratt project manager;
fundraising
institutional structure volunteer
(left Jan 2022).Key Policies updated
in a regular 2 yr
cycle;
and systems, based on New accounting
system (Quickbooks), replacing XERO.
the HoverAid vision Monthly
reporting
processes with HA MADA established
for Finance and
and values. operations.
MADA: Formal MoU with MAF agreed (MMSs). Employment contracts
in place for most staff.
Review offinancial
and management
processes, policies, structure
and
s stems canied out b
ETIKA in December 2021

Source Amount (f) Pm
ose
Deichmann
Foundation
16,603 Storm recovery work / Schools build
Aidan Tmst 7,000 Events Coordinator
Souter charitable
Trust
5,000 General
James Tudor Foundation 5,000 General
PALS Madagascar
fund
3,817 General
Andre Christian
Trust
3,000 Storm recovery work / Schools build
Ashworth
Trust
3,000 Storm recovery work / Schools build
Carmela and Ronnie Pignatelli 2,500 General
foundation
Pedmore
Trust
1,500 Storm recovery work / Schools build
Stichting
Response
A&les
1,500 Storm recovery work / Schools build
Scott-Thomson
Trust
1,000 General
Britland
Trust
500 General
Sydney EFranklin Charity 500 General

.0
Enlarged support portfolio via UK: Increase regular UK subscribers
to 1000+,including
200+donors.
four HoverAid member Increase regular donation
level. Grow social media
presence via FBook
organisations, being sufficient / Twitter
/ Linkedln.
to support planned life- Increase events programme.
Stimulate
supporter-led
fundraising
changing programs to be "challenges"
implemented by Hover+Aid Maintain
regular communications
to UK supporter
base via newsletter
and for logistics services using (to all subscribers),
monthly
prayer letters, and one-off
hovercraft conununications.
Develop "charity partner" relationships
with
companies
and institutions.
MADA: Continue to captm eand communicate
video, photo and
narrative offiont-line work for dissemination
to supporters.
Develop
collaboration
artnershi
s.
11

The Hoveraid
Trust
The Hoveraid
Trust
Company Registration No. 02661888
Statement ofFinancial Activities Charity Registration No. 1005977
Year ended 31December 2021
Notes Unrestricted Designated Restricted Year ended Unrestricted Desimtated Restricted Year ended
funds funds funds funds
2021 2021 2021 31-Dec-21 2020 2020 2020 31-Dec-20
Income
Income from:
Donations. grants
and legacies
132,831 94,805 227,637 149,086 1,030 148,956 299,071
Other ftmdratstng
activities
2,418 236 2,654 800 800
Income from charitable
activities
26,117 0 26,117 9,758 8,758
Other income 10,538 0 10,538 6 6
Total income 171,904 95,041 266,945 158,650 1,030 148,956 308,636
Expenditure
on:
Raising funds 27,244 3,379 30,622 41,098 50 41,147
Charitable
activities
101,431 4,818 110,322 216,571 105,078 98,293 203371
Other expenditure 24,841 12,533 37,374 19,028 17,355 36,383
Total expenditure 153,516 4,818 126,233 284,567 165,204 115,697 280,901
Net incomer(expendttare) before transfer 18,388 (4,818) (31,192) (17,623) (6,553) 1,030 33,258 27,735
Gross transfers between ftmds —in 11,000 11,000 9,519 3,661 13,180
Gross transfers bctwecn funds - out (11,000) (11,000) (13,180) (13,180)
Net movement
in fands
18,388 (4,818) (31,192) (17,623) (19,733) 10,548 36,919 27,735
Total funds brought
forward
58,139 14,460 81,639 154,239 77,872 3,913 44,719 126,504
Total funds carried forward 76,527 9,642 50,447 136,616 58,139 14,461 81,638 154,239

Balance Sheet Sheet Charity Reg istration
N
Year ended 31December 2021
Notes Unrestricted Designated Restricted Year ended Unrestricted Designated Restricted Year ended
funds funds funds funds funds
2021 2021 2021 31-Dec-21 2020 2020 2020 31-Dec-20
Fixed assets
Tangible assets 29 47,482 6,352 53,835 50,489 50,489
Current assets
Debtors 5,078 5,078 3,983 18 87 4,088
Cash at bank and in hand 29,346 9,642 44,094 83,082 7,784 14,458 81,596 103,839
LiebiTitias
Creditors: Amounts falling due in one year (5,379) (5,379) (4,116) (15) (46) (4,177)
Net current assets less current LiabiTities 29,045 9,642 44,094 82,781 7,650 14,461 81,638 103,750
Total Net assets 76,528 9,642 50,446 136,616 58,139 14,461 81,638 154,239
Represented by
General fund 76,528 6,352 82,880 58,139 58,139
Designated
fund
9,642 9,642 14,461 14,461
Restricted Funds 44,094 44,094 81,638 81,638
Funds ofthe charity 3 76,528 9,642 50,446 136,616 58,139 14,461 81,638 154,239
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Year ended 31D ec embe r 2021
Unrestricted Designated Restricted Year ended Unrestricted Designated Restricted Year ended
2021 2021 2021 31-Dec-21 2020 2020 2020 31-Dec-20
Rxed assets 6,352 6,352
Assets under construction 3,737 3,737 158 158
Vehicles
—general
cost 12,290 12,290 14,749 14,749
Engines - general cost
Office &.ITequipment 26,918 26,918 29,909 29,909
MADA-based
motor
vehicles cost 4,538 4,538 5,672 5,672
Medical equipment cost 47,482 6,352 53,835 50,488 50,489
Current assets 22,845 9,642 25,173 57,660 7,106 14,458 63,714 85,288
Cash
—treasurers
account 2,902 15,000 17,902 27 17,873 17,900
Cash - business account 10 10
Cash
—Paypal
2,050 3,922 5,971 651 651
I-IA MADA cash and bank account 1,540 1,540
Undeposited
funds
29,346 9,642 44,094 83,082 7,784 14,458 81,587 103,839
Total cash 643 643 1,889 1,889
Prepayments 1,087 1,087 375 9 384
Accounts receivable 538 538 504 18 78 600
VAT receiva b le 1,414 1,414
Gift Aid Claimable 1,396 1,396 1,215 1,215
HA MADA Accounts receivable 5,078 0 0 5,078 3,983 18 87 4,088
Total debtors 34,424 9,642 44,094 88,161 11,767 14,476 81,674 107,927
Uabilities (984) (984) (1,643) (1,643)
Accruals (3,687) (3,687) (2,473) (46) (2,519)
Payroll
Liabilities
(708) (708) (3-5) (15)
Accounts
payable
within one year (5,379) (5c379) (4,116) (15) (46) (4,177)
29,045 9,642 44,094 82,781 7,650 14,461 81,638 103,750
Net Current Assets 76,527 9,642 50,446 136,616 58s139 14,461 81,638 154i239
Net Assets

At 1Jan At 31nee
2021 Ontgning Transfers 2021
Restricted funds
A.Mayo overseas work support 2,805 2,805
CEO 5,120 5,120
Community
Health
Prog (Gen) 19,813 358 13,920 6,251
Emergency
Relief —Cyclone
11,785 26,781 30,308 8,257
G1500Refurb & Maintenance 13,373 324 2,428 (8,000) 3,269
Events 1,613 8,870 6,299 3,000 7,184
New Hovercratf RR48 55 11,241 6,352 8,000 12,943
Madagascarlegacy buffer 19,722 19,722
Not A.Mayo 662 662
Schools Work 3,000 (3,000)
Souter 19 300
Volunteer support fund 3,385 3,385
81,633 47,574 85,112 44,094
Designated
Annual
significant
4,318 4,318
Reserves 5,804 3,720 1,000 8,524
Volunteer support fund (unrestricted) 558 558
ER-Contingency 3,780 1,683 4,345 1,118
14,460 5,403 10,221 9,642
Unrestricted
General fund 58,140 137,419 112,679 82,880
58,140 137,419 112,679 82,880
TOTAL FUNDS 154~3 190,395 208,012 136,616
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Year ended 31D ecem ber 2020
AtIJsn At31Dec
2020 Incoming Outgoing Tennsfers
Restricted funds
A.Mayo overseas work support 2,805 2,805
CEO 20,000 18,541 3,661 5,120
Community Health Prog (Gen) 479 41,043 22,174 19,348
Emergency Relief —Cyclone 108 45,413 33,736 11,785
Fundraising Temporary re-restriction 99 99
G1500 Refurb
gt Maintenance
12,850 523 13,373
Events 2,002 487 1,514
Hovercraft Maintenance 4 51 0 55
Madagascar 10,385 500 10,033 852
Madagascar legacy buffer 13,705 5,780 615 18,870
Madagascar Volunteer Trip (2015) 250 250
Hoveraid
Netherlands
lk France 27,973 27,973 0
Not A.Mayo/I
Ruttle/M
Satchwell 1,772 1,306 662
Schools Work 3,000 3,000
Souter 19 300 300
Volunteer
support
fund 3,167 833 3,135
Watsan 465 465
44,719 148,956 115,697 3,661 81,633
Designated
Annualsignificant 1,270 3,048 4,318
Reserves 2,084 3,720 5,804
Volunteer
support
fund (unrestdicted) 558 558
ER-Contingency 1,030 2,751 3,780
4,942 9,519 14,460
Unrestricted
General
fund
77,873 158,650 165,204 (13,180) 58,140
77e873 158,650 165,204 (13,180) 58,140

4.Analysis ofincome 4.Analysis ofincome Cha rity Registrat ion
No. 10
Year ended 31December 2021
Unrestricted Designated Restricted Year ended Unrestricted Designated Restricted Year ended
2021 2021 2021 31-Dec-21 2021 2021 2021 31-Dec-20
Income from donations, grants and legacies
Donations
Businesses
7,983 7,983 3,390 3,390
Donations
Legacies
Donations
Individuals:
Regular 38,719 744 39,463 31,861 2,152 34,013
One off 39,092 17,586 56,678 50,356 27,867 78,223
Gift Aid 18,439 2,342 20,781 13,216 4,062 17,278
Donations
Churches
6,080 1,870 7,950 4,512 3,500 8,012
Donations
Community
466 466
Grants: Trusts and Foundation 22,518 28,452 50,971 12,398 1,030 83,403 96,831
Grants from Hovercraft International 43,811 43,811 22,887 27,973 50,859
Grants
—Government
10,000 10,000
Sub-total 132,831 94,805 227,637 149,086 1,030 148tI57 299,071
Other fundraising
activities
Events
2,418 236 2,654 800
Sub-total 2,418 236 2,654 800
Income from charitable activities
Income from
HA MADA
clients 24,121 24,121 6,726 6,726
Income from MMS project 1,996 1,996 2,032 2,032
Sub-total 26,117 26,117 8,758 8,758
Other income
HA MADA other income 10,497 10,497
Other income (UK) 40 40
Sub-total 10,538 10,538 6 6
TOTAL INCOME 171,904 95,041 266,945 158,650 1,030 148,956 308,635

Year ended 31 December 2021 2021 Unrestricted Designated Restricted Year ended Unrestricted Designated Restricted Year ended
2021 2021 31-Dec-21 2020 2020 2020 31-Dee-20
Direct Costs 7307 7,307 3,860 3,860
UK Staff 19,937 3,379 19,937 37,237 37,237
Expenditure
on
Raising Funds 27344 3379 30,622 41,097 50 41,147
Expenditure
on
Charitable activities (UK)
UKSupportstaff 25,512 25,512 10,971 35,410 46,381
Travel 2,198 16 2,214 6,619 6,619
Outside services 250 0 250 5,700 6,584
Engineering
Costs
2,575 2,645 5,221 3,247 3,247
Premises 5,112 288 5,401 1,194 810 2,004
Vehicle Costs 2,937 936 3,873 4374 4,374
Vehicle Depreciation 222 0 222 553 553
Engine Depreciation 2,459 2,459 2,459 2,459
Mada Depreciation 4,125 4,125
Office costs 1,969 2,181 4,549 4,549
Sub-total 44,899 6456 51,456 39,665 37,104 76,770
Expenditure
on
Charitable activities in Madagasc tr
Office Expenses 38,077 4,818 39,056 81,951 16,616 39,186 55,802
Project Expenses 69,528 69,528 28397 22,003 50,400
Vehicle Expenses 13,637 13,637 20,400 20,400
Sub-total 51,714 4418 108484 165,115 65,413 61,189 126,602
Expenditure
on
Other Activities
Trustee/Director fees, training ge. Dev 60
UK Staff 22,190 5,120 27,310 6,544 15,825 22,369
Travel 149 149
Outside services 1,504 1,504 12,000 1,500 13,500
Finance costs S.fees 4,961 338 5,299 1,060 30 1,090
Legal gc Professional 3,213 560 3,773 415 415
Bad Debt (1400) (1,200)
Sub-total 31356 6,018 37+74 19,028 17355 36~3
TOTAL EXPENDITURE 160,031 4418 119,718 284467 165203 115,698 280,902
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