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





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|health|care, water, sanitation<br>a|care, water, sanitation<br>a|care, water, sanitation<br>a|care, water, sanitation<br>a|nd education<br>a|nd to improved<br>livelihood<br>opportunities<br>since 2006.|
|---|---|---|---|---|---|---|
|-Goal|','=Des'cription .|||||/Abhievpement<br>la 2021|
|Ll|Increased|||operational|capacity of|UK: RiverRover 308 hovercraft<br>maintained<br>for fundraising<br>events|
||hovercratt|||and logistic|equipment|and used as atest bed for design improvements.<br>New craft design|
||and staff|||||captured<br>on CAD, build programme<br>started, and key elements|
|||||||procured. Technical partnerships<br>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<br>on collaborations<br>with IMPACT, YWAM|
||by others <br>provided||using logistic <br>by HoverAid.||services|MADA; IMPACT Madagascar project started around Maevetanana<br>but not completed<br>due to hovercraft<br>failure. MEDNET evasan|
|||||||collaboration<br>established<br>with MAF and Nehemiah|
|1.3|Increased|||number ofpeople reached||UK:Funding raised and provided<br>as requested<br>for core MMS,|
||where no||other development|||emergency,<br>evasan, and disaster recovery<br>/ 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<br>for schools build, evasan, stoim|
|||||||damage<br>survey.|
|||||||MADA: Building ofthree schools in Ambato Boeny completed,|
|||||||Distribution<br>ofCOVID protection, medicines<br>and cleaning|
|||||||e ui ment. Four evasan res ense<br>ro'ects|



## 

|Goal|Itescrt<br>tion|Achievement<br>in 2021||
|---|---|---|---|
||Enlarged support portfolio|UK; Regular UK subscribers<br>have increased irom 620 to 650. 176donors.||
||via four HoverAid<br>member|Regular gifts from 14businesses<br>and churches. Facebook campaigns|now|
||organisations,<br>being|reaching<br>1,700"regular "followers". Three events held, raising f8,672.||
||sufficient to support|Supporters<br>and HA team took on two "challenges", raising f3,478||
||planned<br>life-changing<br>programs<br>to be<br>implemented<br>by Hover+Aid<br>and for logistics services<br>using hovercraft|Part time paid Events Coordinator<br>taken on (funded by Aidan Trust).<br>Web site improvements<br>made to HA UK website. Regular comms, to UK<br>supporter base via Summer 2021 newsletter<br>(to all subscribers),<br>monthly<br>prayer letters (to 240 signed up to receive), and oneoff appeals<br>/ updates||
|||MADA: Increasing<br>number ofFacebook followers<br>in MADA. Regular||
|||capture and communication<br>ofvideo, photo and narrative offont-line|work|
|||for dissemination<br>to su<br>orters||
|The board is satisfied that both communications,<br>awareness<br>and fundraising<br>campaigns<br>have been||||
|undertaken<br>with due respect to the dignity<br>and privacy ofboth charitable<br>beneficiaries<br>(in particular,||||
|vulnerable<br>persons in iuml Madagascar)<br>and prospective<br>supporters,<br>donors, and volunteers<br>in the UK.|||No|
|unsolicited<br>direct marketing<br>has been used, and the requirements<br>ofthe Data Protection Act have been||||
|adhered to throughout.<br>HoverAid||does not use any third parties to contact prospective<br>supporters.||





|irection,|with purposefu|l<br>guidance|by HoverAid<br>International.||
|---|---|---|---|---|
|Goal|De'scription,|"=:,.-'|—. -. —. == =<br>.<br>-<br>=:rAchieyementin2021"||
||All HoverAid|members|UK:Board ofTrustees meeting monthly<br>and refreshed<br>with new|Trustees.|
||have further||New UK team members: Finance officer; Operations<br>and ITofficer;||
||strengthened|their|Events coordinator; New hovercratt project manager;<br>fundraising||
||institutional|structure|volunteer<br>(left Jan 2022).Key Policies updated<br>in a regular 2 yr|cycle;|
||and systems,|based on|New accounting<br>system (Quickbooks), replacing XERO.||
||the HoverAid|vision|Monthly<br>reporting<br>processes with HA MADA established<br>for Finance and||
||and values.||operations.||
||||MADA: Formal MoU with MAF agreed (MMSs). Employment|contracts|
||||in place for most staff.||
||||Review offinancial<br>and management<br>processes, policies, structure<br>and||
||||s stems canied out b<br>ETIKA in December 2021||



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## 



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



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






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||||||||||The Hoveraid<br>Trust|The Hoveraid<br>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<br>and legacies|||132,831||94,805|227,637|149,086|1,030|148,956|299,071|
|Other ftmdratstng<br>activities|||2,418||236|2,654|800|||800|
|Income from charitable<br>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<br>on:|||||||||||
|Raising funds|||27,244||3,379|30,622|41,098||50|41,147|
|Charitable<br>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<br>in fands|||18,388|(4,818)|(31,192)|(17,623)|(19,733)|10,548|36,919|27,735|
|Total funds brought<br>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<br>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<br>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<br>—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<br>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<br>—treasurers|account|||2,902||15,000|17,902|27||17,873|17,900|
|Cash - business account||||10|||10|||||
|Cash<br>—Paypal||||2,050||3,922|5,971|651|||651|
|I-IA MADA cash and||bank|account|1,540|||1,540|||||
|Undeposited<br>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<br>Liabilities||||(708)|||(708)||(3-5)||(15)|
|Accounts<br>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<br>Health||Prog (Gen)|19,813|358|13,920||6,251|
|Emergency<br>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<br>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<br>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<br>Netherlands|||lk France||27,973|27,973||0|
|Not A.Mayo/I<br>Ruttle/M|||Satchwell||1,772|1,306||662|
|Schools Work|||||3,000|||3,000|
|Souter 19||||300||||300|
|Volunteer<br>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<br>support||fund|(unrestdicted)|558||||558|
|ER-Contingency||||1,030|||2,751|3,780|
|||||4,942|||9,519|14,460|
|Unrestricted|||||||||
|General<br>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<br>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<br>Businesses||7,983|||7,983|3,390|||3,390|
|Donations<br>Legacies||||||||||
|Donations<br>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<br>Churches||6,080||1,870|7,950|4,512||3,500|8,012|
|Donations<br>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<br>—Government||||||10,000|||10,000|
|Sub-total||132,831||94,805|227,637|149,086|1,030|148tI57|299,071|
|Other fundraising<br>activities<br>Events||2,418||236|2,654|800||||
|Sub-total||2,418||236|2,654|800||||
|Income from charitable|activities|||||||||
|Income from<br>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<br>on|Raising Funds|||||27344||3379|30,622|41,097||50|41,147|
|Expenditure<br>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<br>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<br>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<br>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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