2021-03-31-accounts - Lincolnshire and Nottinghamshire Air Ambulance Charity

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Reference and Administrative
Statement from the Chairman
Trustees' Annual Report		3to 6
Strategic Report		7to12
Statement ofTrustees' Responsibilities			13
Independent Auditors' Report		14	to 16
Consolidated Statement of Financial	Activities		17
Consolidated Balance Sheet			18
Balance Sheet			19
Consolidated Statement ofCash Flows			20
Statement ofCash Flows			21
Notes to the Financial Statements		22	to 41

Chairman				J E O'Hem	FCA,	Chair	Chair	Chair
Chief Executive Officer				KJobling
Trustees				JSPearson	Vice Chair
				AJ Pearce
				G LSeeker
				P Would
				L Briggs
				A Davies (appointed				30September 2020)
				H Glenn (appointed			30September 2020)
Secretary				Wilkin Chapman		Company			Secretarial Services Limited
Principal	Office			LNAA Headquarters
				HEMS Way
				Off Sleaford	Road
				Lincoln
				LN4 2GW
				The Charity	is incorporated				in United Kingdom.
Company	Registration		Number	02788157
Charity Registration		Number		1017501
Solicitors				Wilkin Chapman		LLP
				The Maltings
				11-15Brayford Wharf				East
				Lincoln
				LN5 7AY
Bankers				Barclays Bank pic
				Tntton Road
				3Crusader	Road
				Lincoln
				Lincolnshire
				LN6 7AR
Auditor				Forrester Boyd
				26 South Saint Mary's				Gate
				Grimsby
				North East Lincolnshire
				DN31 1LW

Helicopter Emergency Me	dical Serv	ice (HEMS
	This year	Last year
Total Missions	1,189	855
Missions by County
Lincolnshire	712	561
Nottingham shire	408	251
Other	69	43
Missions by incident type
Road traffic collisions	373	348
Cardiac arrests	390	362
Accidental injury	264	34
Medical emergency	138	98
Other	24	13
Missions by Day/Night
Day shift	815	755
Night shift	222	100
Twilight (Notts CCC)	152

						Total	Total
				Unrestricted	Restricted	2021	2020
			Note	f.			E
Income and Endowments		from:
Donations and legacies				3,653,522	316,152	3,969,674	7,547,236
Charitable activities				3,271,406		3,271,406	3,320,845
Other trading activities				112,535		112,535	667,616
Investment income				183,421		183,421	243,635
Total Income				7,220,884	316,152	7,537,036	11,779,332
Expenditure on:
Raising funds Charitable activities			8.1 7	(637,802) ~6,657,027	~27, 143	(637,802) ~6,684,170	(1,903,764) ~4,471,507
Total Expenditure Gains/losses on investment		assets		(7,2S4,829) 1,234,849	(27,143)	(7,321,972) 1,234,849	(6,375,271) ~684,925
Net income				1,160,904	289,009	1,449,913	4,719,136
Net movement in funds				1,160,904	289,009	1,449,913	4,719,136
Reconciliation of	funds
Total funds brought	forward			14,974,416	2,618,200	17,592,616	12,873,480
Total funds carried	forward		24	16,135,320	2,907,209	19,042,529	17,592,616
					Unrestricted	Restricted	Total
				Note	funds	funds f	2020
Income and Endowments		from:
Donations and legacies					4,963,086	2,584,150	7,547,236
Charitable activities					3,320,845		3,320,845
Other trading activities					667,616		667,616
Investment income					243,635		243,635
Total income					9,195,182	2,584,150	11,779,332
Expenditure on:
Raising funds Charitable activities				8.1 7	(1,903,?64) ~4,405,557	~65,950	(1,903,764) ~4,471,507
Total expenditure Gains/losses on investment		assets			(6,309,321) ~684,925	(65,950)	(6,375,271) ~684,925
Net income					2,200,936	2,518,200	4,719,136
Net movement in funds					2,200,936	2,518,200	4,719,136
Reconciliation offunds
Total funds brought	forward				12,773,480	100,000	12,873,480
Total funds carried	forward			24	14,974,416	2,618,200	17,592,616

			(Registration number Consolidated Balance Sheet	: 02788157) as at 31 March	2021
					2021	2020
				Note		R
Fixed assets
Tangible assets				15	6,160,889	2,162,327
Investments				16	7,543,938	6,176,854
					13,704,827	8,339,181
Current assets
Stocks				17	18,224	20,391
Debtors				18	2,338,104	5,103,107
Cash at bank	and	in hand			5,754,686	5,295,431
					8,111,014	10,418,929
Creditors: Amounts			falling due within one year	19	2,770,989	1,160,566
Net current assets					5,340,025	9,258,363
Total assets	less	current liabilities			19,044,852	17,597,544
Provisions				21	2,323	4,928
Net assets					19,042,529	17,592,616
Funds ofthe	group:
Restricted					2,907,209	2,618,200
Unrestricted	income		funds
Unrestricted					16,135,320	14,974,416
Total funds				24	19,042,529	17,592,616

		Balance Sheet as at 3	1 March 2021
				2021	2020
			Note		f.
Fixed assets
Tangible assets			15	6,148,304	2,136,030
Investments			16	7,543,940	6,176,856
				13,692,244	8,312,886
Current assets
Debtors			18	2,519,793	5,158,164
Cash at bank	and in hand			5,715,524	5,202,498
				8,235,317	10,360,662
Creditors: Amounts		failing due within one year	19	2,763,141	1,130„788
Net current assets				5,472,176	9,229,874
Net assets				19,164,420	17,542,?60
Funds ofthe	Charity:
Restricted				2,907,209	2,618,200
Unrestricted	income	funds
Unrestricted				16,257,211	14,924,560
Total funds			24	19,164,420	17,542,760

Consolidated	S	ta	tement of	Cash Flows f	or the Year Ende	d 31 March 20	21
						2021	2020
					Note		R
Cash flows from operating	activities
Net cash income						1,449,913	4,719,136
Adjustments to cash flows	from noncash			items
Depreciation					15	145,410	149,224
Investment income					6	(183,421)	(243,635)
Loss on disposal oftangible	fixed assets				10		67,903
Profit on disposal ofinvestments					10	(8,866)	(75,494)
Revaluation of investments					16	(1,224,230)	767,639
						178,806	5,384,773
Working capital adjustments
Decrease in stocks					17	2,167	509
Decrease/(increase) in debtors					18	2,765,003	(4,389,461)
Increase in creditors						1,635,499	415,623
(Decrease)/increase in provisions					21	(2,605)	1,385
(Decrease)/increase in deferred			income			25,076	97,732
Net cash flows from operating		activities				4,553,794	1,510,561
Cash flows from investing	activities
interest receivable and similar		income			6	12,054	36,391
Purchase oftangible fixed assets					15	(4,143,972)	(1,132,675)
Sale oftangible fixed assets							367,564
Purchase ofinvestments						(2,129,924)	(1,398,082)
Sale ofinvestments						1,995,936	1,214,901
Income from dividends						171,367	207,244
Net cash flows from investing		activities				4,094,539	(704,657
Net increase in cash and cash		equivalents				459,255	805,904
Cash and cash equivalents	at	1	April			5,295,431	4,489,527
Cash and cash equivalents	at	31 March				5,754,686	5,295,431

			Note	2021f	2020
Cash flows from operating activities
Net cash income				1,621,658	4,868,650
Adjustments to cash flows from noncash		items
Depreciation			15	131,193	134,181
Investment income			6	(183,421)	(243,635)
(Profit)/loss on disposal oftangible fixed assets					71,203
Revaluation ofinvestments			16	(1,224,230)	767,639
(Profit)/loss on disposal of investments					75,494
				336,334	5,522,544
Working capital adjustments
Decrease/(increase) in debtors			18	2,638,373	(4,488,368)
Increase in creditors			19	1,657,429	416,560
(Decrease)/increase in deferred income				25,076	97,732
Net cash flows from operating	activities			4,607,060	1,548,468
Cash flows from investing activities
Interest receivable and similar	income		6	12,054	36,391
Purchase oftangible fixed assets			15	(4,143,467)	(1,1 1 1,115)
Sale oftangible fixed assets					364,264
Purchase ofinvestments				(2,129,924)	(1,398,082)
Sale ofinvestments				1,995,936	1,214,901
Income from dividends				171,367	207,244
Net cash flows from investing	activities			4,094,034	686,397
Net increase in cash and cash	equivalents			513,026	862,071
Cash and cash equivalents at	1 April			5,202,498	4,340,427
Cash and cash equivalents at	31 March			5,715,524	5,202,498

4	Income	from	from	charitable	charitable	charitable	activities	activities
									Unrestricted
									funds	Total	Total
									General	2021	2020
										R
	Lottery income								2,918,476	2,918,476	2,410,282
	Fundraising		and solicited				donations		352,930	352,930	910,563
									3,271,406	3,271,406	3,320,845
5	Income	from		other		trading		activities
										Total	Total
									General	2021	2020
Trading income;
	Shop income from				sale of		donated goods and services		112,535	112,535	667,616
									112,535	112,535	667,616
6	Investment income
											Unrestricted
										Total	Total
									General	2021	2020
Income from			dividends;
	Dividends		receivable			from	other listed investments		171,367	171,367	207,244
Interest receivable and						similar		income;
	Interest receivable				on	bank. deposits			12,054	12,054	36,391
									183,421	183,421	243,635
7	Expenditure			on	charitable			activities
								Activity	Activity
								undertaken	support
								directly	costs	2021	2020
Operation		of	air	ambulance				5,480,357	1,203,813	6,684,170	4,471,507

a) Cost	s ofgener	ating donati	ons and	legacies
								Unrestricted
							Total	Total
					Note	General	2021f	2020
Donated	services	and gifts in kind						56,600
Other direct costs		ofgenerating	voluntary	income		1,967	1,967	15,971
						1,967	1,967	72,571
b) Costs of trading activities
								Unrestricted
							Total	Total
						General	2021	2020
					Note		R	R
Trading	subsidiary	costs				225,278	225,278	279,506
Lotteries	and competitions					112,166	112,166	1,185,146
Staff Costs						253,278	253,278	339,189
						590,722	590,722	1,803,841

								Unrestricted
							Total	Total
					Note	General R	2021f	2020
Other investment		management	costs;
Amounts	payable to investment			managers		45,113	45,113	27,352
						45,113	45,113	27,352

Governance cos	ts
				Unrestricted
			Total	Total
		General	2021	2020
Audit fees
Audit ofthe financial statements		'10,000	10,000	10,000
Legal fees		38,338	38,338	78,757
Other governance	costs	523	523
		48,861	48,861	88,757

10Net incoming/outgoing	resources
Net incoming resources for the year include:
		2021	2020
		R
Operating leases - plant and	machinery	1,541,593	1,347,732
Operating leases - other assets		102,934	113,897
Audit fees		10,000	10,000
Loss on disposal oftangible	fixed assets		67,903
Profit/ (Loss) on disposal of	investments	(8,866)	(75,494)
Depreciation offixed assets		145,410	149,224

12Staff costs The aggregate payroll costs were as follows:
	2021f	2020f
Staff costs during the year were:
Wages and salaries	1,133,124	926,577
Social security costs	88,438	77,838
Pension costs	37,842	30,136
	1,259,404	1,034,551

The monthly average number of persons (including sen year was as follows:	ior management team) employed by	the gro	up during	the
	2021		2020
	No		No
Charitable		12		15
Lottery		1		3
Management/Administration		11		7
Trading		9		16
		33		41

2021	2020
No	No

				2021	2020
Audit	ofthe	financial	statements	10,000	10,000

Group
	Land and	Furniture and	Motor
	buildings f	equipment	vehicles	Total
Cost
At 1 Apdil 2020	2,298,241	566,684	275,518	3,140,443
Additions	3,971,310	120,725	51,937	4,143,972
At 31 March 2021	6,269,551	687,409	327,455	7,284,415
Depreciation
At 1 April 2020	303,963	487,225	186,928	978,116
Charge for the year	52,735	50,485	42,190	145,410
At 31 March 2021	356,698	537,710	229,118	1,123,526
Net book value
At 31 March 2021	5,912,853	149,699	98,337	6,160,889
At 31 March 2020	1,994,278	79,459	88,590	2,162,327

Charity
	Land and	Furniture and	IHotor
	buildings	equipment	vehicles	Total
Cost
At 1 April 2020	2,298,241	490,628	223,220	3,012,089
Additions	3,971,310	120,220	51,937	4,143,467
At 31 March 2021	6,269,551	610,848	275,157	7,155,556
Depreciation
At 1 April 2020	303,963	422,271	149,825	876,059
Charge for the year	52,735	41,333	37,125	131,193
At 31 March 2021	356,698	463,604	186,950	1,007,252
Net book value
At 31 March 2021	5,912,853	147,244	88,207	6,148,304
At 31 March 2020	1,994,278	68,357	73,395	2,136,030

Group
				2021	2020
				R
Other investments				7,543,938	6,176,854
Other investments
			Listed	Unlisted
			investments	investments	Total
			F		R
Cost orValuation
At 1 April 2020			5,694,178	482,676	6,176,854
Revaluation			1,224,230		1,224,230
Additions			2,129,924		2,129,924
Disposals			1,580,453
At 31 March 2021			7,467,879	76,059	7,543,938
Net book value
At 31 March 2021			7,467,879	76,059	7,543,938
At 31 March 2020			5,694,178	482,676	6,176,854
Charity
				2021	2020
Shares in group undertakings	and participating	interests		2	2
Other investments				7,543,938	6,176,854
				7,543,940	6,176,856

Shares in group undertakings and participating i	nterests
	Subsidiary
	undertakings	Total
		R
Cost
At 1 April 2020
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020

Other investments
	Listed	Unlisted
	investments	investments	Total
			E
Cost or Valuation
At 1 April 2020	5,694,178	482,676	6,176,854
Revaluation	1,224,230		1,224,230
Additions	2,129,924		2,129,924
Disposals	1,580,453
At 31 March 2021	7,467,879	76,059	7,543,938
Net book value
At 31 March 2021	7,467,879	76,059	7,543,938
At 31 March 2020	5,694,178	482,676	6,176,854

				Proportion	Proportion
				ofvoting
		Country of		rights	and
Undertaking		incorporation	Holding	shares	held	Principal	activity
				2021	2020
Subsidiary	undertakings

										Sale of	souvenirs	souvenirs	souvenirs	and
										donated		goods		to
										generate	income		for	the
Ambucopter Limited	Trading	Company	United	Kingdom	Ordinary Shares	1pp	y	1pp	y	benefit Lincolnshire		of		The and
										Notting ham		shire		Air
										Ambulance		Charitable
										Trust

17Stock
	Group			Charity
	2021	2020	2021		2020
					R
Stocks	18,224	20,391

18Debtors
	Group		Charity
	2021	2020	2021	2020
	R		R
Trade debtors	1,058	5,705		5,180
Due from group undertakings			199,726	104,917
Prepayments	90,998	221,457	84,597	214,225
Accrued income	2,059,490	4,763,234	2,056,667	4,733,184
VAT recoverable	181,558	105,360	178,803	99,995
Other debtors	5,000	7,351		663
	2,338,104	5,103,107	2,519,793	5,158,164

			Group		Charity
			2021	2020	2021	2020
			R		R
Trade creditors			190,344	620,571	188,444	608,625
Trading subsidiary	corporation	tax payable	(8,691)	8,691
Other taxation and	social security		25,244	22,310	25,244	22,310
Other creditors			11,145	9,565	11,145	9,565
Accruals			2,202,066	123,472	2,187,427	114,331
Deferred income			350,881	375,957	350,881	375,957
			2,770,989	1,160,566	2,763,141	1,130,788

Group
									Other	Balance at
		Balance at			Incoming	Resources			recognised	31 March
		1 April 2020 f		resources f		expended f		gains/(losses) f		2021 f
Unrestricted
General			8,474,416		7,220,884	(7,294,829)			1,234,849	9,635,320
Designated			6,500,000							6,500,000
Total unrestricted		14,974,416			7,220,884	(7,294,829)			1,234,849	16,135,320
Restricted			2,618,200		316,152	~27,143				2,907,209
Total funds		17,592,616			7,537,036	~7,321,972			1,234,849	19,042,529
	Balance	at							Other	Balance at
	1 April		Incoming		Resources				recognised	31 March
	2019 f		resources f		expended f		Transfers f		gains/(losses) f	2020 f
Unrestricted
General	11,961,480		9,195,182		(5,497,321)		(6,500,000)		(684,925)	8,474,416
Designated	812,000				~812,000		6,500,000			6,500,000
Total unrestricted	12,773,480		9,195,182		(6,309,321)				(684,925)	14,974,416
Restricted	100,000		2,584,150		~65,950					2,618,200
Total funds	12,&73,480		11,779,332		~6,375,271				~684,925	17,592,616

Charity
								Other
	Balance at	1	Incoming		Resources		recognised		Balance at 31
	April 2020		resources		expended f		gains/(losses)		March 2021 Z
Unrestricted
General	8,424,562		6,950,354		(6,852,554)			1,234,849	9,757,211
Designated	6,500,000								6,500,000
Total unrestricted	14,924,562		6,950,354		(6,852,554)			1,234,849	16,257,211
Restricted	2,618,200		316,152			27,143			2,907,209
Total funds	17,542,762		7,266,506		6,879,697			1,234,849	19,164,420
	Balance at							Other	Balance at
	1 April 2019	incoming resources		Resources expended		Transfers		recognised gains/(losses)	31 March 2020
Unrestricted
General	11,762,110		8,778,620	(4,931,245)		(6,500,000)		(684,925)	8,424,560
Designated	812,000			~812,000		6,500,000			6,500,000
Total unrestricted	12,574,110		8,778,620	(5,743,245)				(684,925)	14,924,560
Restricted	100,000		2,584,150		65,950				2,618,200
Total funds	12,674,110	11362770		,~5,8,	09,195			~684,925	17,542,760

Group
					Total funds
		Unrestricted	funds	Restricted	at 31 March
		General f	Designated	funds	2021 R
Tangible	fixed assets	6,160,889			6,160,889
Fixed asset investments		6,247,743	1,296,195		7,543,938
Current	assets		5,203,805	2,907,209	8,111,014
Current	liabilities	(2,770,989)			(2,770,989)
Provisions		2,323)			2,323
Total net assets		9,635,320	6,500,000	2,907,209	19,042,529
					Total funds
		Unrestricted	funds	Restricted	at 31 March
		General	Designated	funds	2020
Tangible	fixed assets	2,162,327			2,162,327
Fixed asset investments		6,176,854			6,1?6,854
Current	assets	1,300,729	6,500,000	2,618,200	10,418,929
Current	liabilities	(1,160,566)			(1,160,566)
Provisions					4,928
Total net assets		8,474,416	6,500,000	2,618,200	17,592,616
Charity

Charity
					Total funds
		Unrestricted	funds	Restricted	at 31 March
		General	Other	funds	2021
Tangible	fixed assets	5,587,737			5,587,737
Fixed asset investments		6,247,743	1,296,195		7,543,938
Current	assets	124,303	5,203,805	2,907,209	8,235,317
Current	liabilities				2,192,626
Total net assets		9,767,157	6,500,000	2,907,209	19,174,366
					Total funds
		Unrestricted	funds	Restricted	at 31 March
		General	Designated f	funds R	2020 R
Tangible	fixed assets	2,136,030			2,136,030
Fixed asset investments		6,176,856			6,176,856
Current	assets	1,242,462	6,500,000	2,618,200	10,360,662
Current	liabilities				1,130,788
Total net assets		8,424,560	6,500,000	2,618,200	17,542,760

Group
	At 1 April	Financing	At 31 Nlarch
	2020	cash flows	2021
Cash at bank and in hand	5,295,431	459,255	5,754,686
Net debt	5,295,431	459,255	5,754,686
27 Related party transactions