2023-03-31-accounts - The Dorset And Somerset Air Ambulance Charity

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		Pa&ac
Reference and Administrative	Details	1-2
Trustee Directors' Report		3-17
Independent Auditors' Report		18 —21
Statement of Financial Activities		22
Balance Sheet		23-24
Statement ofCash Flows		25
Notes to Financial Statements		26-45

Trustee	D	irectors		Dr G Bryce (Chair)	Dr G Bryce (Chair)	Dr G Bryce (Chair)	Dr G Bryce (Chair)	Dr G Bryce (Chair)
				SDay
				W Entwisle
				W Green
				S Heyes
				SJones
				R Kennedy
				T Killen
				M Lyne
				R Marlow
				A Phillips
Secretary				C Launchbury			(until 16/03/2023)
				S Davies (from			16/03/2023)
Chief Executive Officer				W Sivewright		(until 23/06/2022)
				C Hackett	(from			23/06/2022)
Deputy Chief Executive				J Plowden
Finance	Manager			S Davies
Lottery	Manager			C Guy
Charity	Number			1078685
Company		Number		03893356
Principal		Address and Registered	Office	Landacre	House
				Castle Road
				Chelston Business Park
				Wellington
				Somerset
				TA21 9JQ
Auditors				Albert Goodman				LLP
				Goodwood	House
				Blackbrook Park				Avenue
				Taunton
				Somerset
				TA1 2PX
Bankers				National Westminster					Bank Pic
				South West RCSC
				740 Waterside			Drive,		Aztec West
				Almondsbury,			BS995BD
				Virgin Money
				Jubilee House
				Gosforth
				Newcastle	upon			Tyne, NE3 4PL

			Unres-			Unres-
			tricted	Res-tricted	2023Total	tricted	Res-tricted	2022 Total
	Notes		8			E	E	E
Income:
Donations and legacies		2	3,364,683	26,787	3,391,470	4,994,895		4,994,895
Trading activities		3	4,652,040		4,652,040	4,832,003		4,832,003
Investment income		4	680,468		680,468	553,578		553,578
Total income			8,697,191	26,787	8,723,978	10,380,476		10,380,476
Expenditure:
Raising funds		5	1,124,732		1,124,732	1,020,005		1,020,005
Charitable activities		6	7,773,776		7,773,776	6,865,584		6,865,584
Total expenditure			8,898,508		8,898,508	7,885,586		7,885,586
Net income / (expenditure)
before other recognised
gains and losses			(201,317)	26,787	(174,530)	2,494,890		2,494,890
Net gain I (loss) on		11	(1,512,932)		(1,512,932)	594,420		594,420
investments
Net income
before transfers			(1,714,249)	26,787	(1,687,462)	3,089,310		3,089,310
Transfers		16	13,631	(13,631)
Net movement
in funds for the year			(1,700,618)	13,156	(1,687,462)	3,089,310		3,089,310
Reconciliation offunds
Total funds brought	forward		42,846,919		42,846,919	39,757,609		39,757,609
Totalfunds
carried forward			41,146,301	13,156	41,159,457	42,846,919		42,846,919

			2023	2022
			6	f
		Notes
Fixed assets
Tangible fixed assets		10	7,659,181	8,106,129
Investments		11	21,429,069	22,585,166
			29,088,250		30,691,295
Non-current assets
Investments		12	4,500,414	2,169,420
			4,500,414		2,169,420
Current assets
Stock		13	5,485	13,621
Debtors		14	782,705	1,169,062
Investments		12	3,310,069	5,544,732
Cash at bank and	in hand		4,391,687	4,242,159
			8,489,946	10,969,574
Liabilities:
Creditors falling due within one year		15	(919,153)	(983,370)
Net current assets			7,570,793		9,986,204
Total net assets			41,159,457		42,846,919
The funds ofthe charity:
Unrestricted funds:
General funds		16	5,072,392		41,315,380
Fair value reserve		16	33,909		1,531,539
Designated funds		16	36,040,000
Total unrestricted	funds		41,146,301		42,846,919
Restricted funds			13,156
Total charity funds			41,159,457		42,846,919

				2023	2022
			Notes
Cash flows from operating activities
Net movements in funds for the year				(1,687,462)	3,089,310
Adjustments to cash flows from non-cash	items
Loss on disposal offixed assets				10,504
Depreciation and amortisation			10	474,988	220,021
Dividends and interest from investments			4	(680,468)	(553,578)
Investment revaluations			11	1,512,932	(594,420)
				(369,506)	2,161,333
Working capital adjustments
Decrease/(increase) in stocks			13	8,136	2,968
Decrease/(increase) in debtors			14	386,357	(680,733)
Increase/(decrease) in creditors			15	(64,217)	105,024
Net cash flow from operations				(39,230)	1,588,592
Cash flows from investing activities
Dividends and interest from investments				680,468	553,578
Proceeds on disposal offixed assets				900
Purchase offixed assets			10	(39,444)	(7,393,363)
Acquisition of investments			11/12	(4,628,490)	(2,653,689)
Investment disposals			11	2,093,336	1,804,012
Net cash provided by/(used in) investing	activities			(1,893,230)	(7,689,462)
Cash flows from financing activities
Loan repayments received					2,483,835
Net cash provided by/(used in) financing	activities				2,483,835
Net increase/(decrease) in cash and cash equivalents				(1,932,460)	(3,617,035)
Cash and cash equivalents at the beginning		of		6,643,397	10,260,432
the reporting period
Cash and cash equivalents at the end of	the			4,710,937	6,643,397
reporting period
Cash &Cash equivalents reconciliation:
Cash at bank				4,391,687	4,242,159
Cash held by investment manager			11	319,250	2,401,238
Total cash &cash equivalents at the end	of	the		4,710,937	6,643,397
reporting period

Donations and	legacies
	Unres-	Res-		Unres-	Res-
	tricted	tricted	2023	tricted	tricted	2022
	funds	funds	Total	funds	funds	Total
	8	R	8			6
Donations	1,531,622	26,787	1,558,409	1,326,403		1,326,403
Legacies	1,525,453		1,525,453	3,375,363		3,375,363
Collecting boxes	177,772		177,772	191,629		191,629
Gift aid	129,836		129,836	101,500		101,500
	3,364,683	26,787	3,391,470	4,994,895		4,994,895

Trading	activities	activities	activities
					Unres-	Res-				Unres-	Res-
					tricted	tricted			2023	tricted	tricted		2022
					funds	funds			Total	funds	funds		Total
							8			E		8	8
Lottery					4,350,423			4,350,423		4,496,133		4,496,133
Birthday draw					231,750			231,750		280,800			280,800
Other fundraising			&
sponsorship					2,302				2,302	1,502			1,502
Sale of merchandise					11,242			11,242		8,056			8,056
Events income					56,323			56,323		45,512			45,512
					4,652,040			4,652,040		4,832,003		4,832,003
Income	received			for	the lottery	totalling	F416,176		(2022:	f501,384) has	been	deferred	and is
recognised		at	the date the relevant			draw takes		place.
Investment		income
					Unres-	Res-				Unres-	Res-
					tricted	tricted			2023	tricted	tricted		2022
					funds	funds			Total	funds	funds		Total
									8	6
Dividends receivable					459,024			459,024		316,648			316,648
Interest receivable			from
banks/deposits					221,444			221,444		160,910			160,910
Loan interest
receiveable										76,020			76,020
					680,468			680,468		553,578			553,578

		Unres-	Res-		Unres-	Res-
		tricted	tricted	2023	tricted	tricted	2022
		funds	funds	Total	funds	funds	Total
		E		5	E		5
Lottery prizes		91,293		91,293	89,570		89,570
Staff salaries		377,266		377,266	325,951		325,951
Commission		369,997		369,997	343,363		343,363
Rental ofcomputer
system		6,240		6,240	6,240		6,240
Lottery office costs		26,289		26,289	25,908		25,908
Beeline		67,855		67,855	70,312		70,312
Bank charges		36,968		36,968	38,629		38,629
Function costs		4,530		4,530	2,654		2,654
Collection tins		1,555		1,555	1,026		1,026
General costs		1,868		1,868
Goods purchased	for
resale		10,786		10,786	7,351		7,351
Investment management
costs		130,085		130,085	109,001		109,001
		1,124,732		1,124,732	1,020,005		1,020,005

Charitable a	ctiviti	es
		Unres-	Res-		Unres-	Res-
		tricted	tricted	2023	tricted	tricted	2022
Helicopter costs		funds	funds P.	Total	funds	fundsf	Total
Helicopter costs		4,148,745		4,148,745	3,529,435		3,529,435
Critical care team		1,947,627		1,947,627	2,158,811		2,158,811
Medical equipment		190,554		190,554	124,769		124,769
Airbase costs		47,939		47,939	43,546		43,546
Paramedic training		232,045		232,045	200,740		200,740
Travel &subsistence		37,878		37,878	13,412		13,412
Car hire		3,956		3,956	4,202		4,202
Foreign currency	gain	(8)		(8)	(15)		(15)
VAT reclaimed		(114,738)		(114,738)	(98,679)		(98,679)
		6,493,998		6,493,998	5,976,221		5,976,221
Other charitable	activities
Grants awarded-
Institution		30,000		30,000
		30,000		30,000

. Charitable activiti	. Charitable activiti	es (cont.)
Support &governance		costs
Wages and salaries		476,547	476,547	391,536	391,536
Accommodation		13,732	13,732	16,168	16,168
Print and stationery		4,307	4,307	6,341	6,341
Postage		6,585	6,585	4,924	4,924
Telephone		10,388	10,388	9,630	9,630
Vehicle insurance		943	943	1,098	1,098
Office equipment	and
maintenance		21,612	21,612	18,925	18,925
Publicity		13,371	13,371	8,630	8,630
Beeline		67,854	67,854	70,312	70,312
Insurance		19,578	19,578	18,622	18,622
Legal and professional		9,433	9,433	11,052	11,052
Training costs		9,153	9,153	3,905	3,905
Recruitment		22,675	22,675	21,530	21,530
Bank charges		16,060	16,060	14,577	14,577
Subscriptions		8,273	8,273	10,708	10,708
Health and safety		1,727	1,727	1,728	1,728
Depreciation		474,988	474,988	220,021	220,021
Loss on disposal
offixed assets		10,504	10,504
ITcosts and website		52,028	52,028	49,156	49,156
Audit and accountancy		10,020	10,020	10,500	10,500
		1,249,778	1,249,778	889,363	889,363
		7,773,776	7,773,776	6,865,584	6,865,584

Net incoming resource	s/operating surplus
		2023	2022
			K
Depreciation of
owned assets		474,988	220,021
(Profit)/loss on sale of	fixed assets	10,504
Auditors' remuneration	for:
Audit services		8,600	8,500
Accountancy services		1,720	2,000

equivalent em	ployees (including casual and part-time	staff) during the year was as follows	:
		2023	2022
Chief Executive
Lottery staff
Fundraising	staff
Management	and admin staff
		19	17
Employment	costs	2023	2022
Wages and	salaries	723,843	603,783
Social security costs		69,501	54,826
Other pension costs		60,469	58,878
		853,813	717,487

2023	2022
number	number

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Investments
			2023	2022
			8	k
Listed shares			21,109,818	20,183,927
Cash held by investment		manager	319,250	2,401,238
Shares in subsidiary	undertaking		1	1
			21,429,069	22,585,166
Listed shares			2023	2022
Market value
At 1 April 2022			20,183,927	16,240,400
Additions			4,532,159	5,153,119
Disposals			(2,093,336)	(1,804,012)
Revaluation			(1,512,932)	594,420
At 31 March 2023			21,109,818	20,183,927
			2023	2022
				8
Historical cost
At 1 Apdil 2022			17,270,067	13,586,443
Additions			4,532,159	5,140,636
Disposals			(2,734,312)	(1,457,012)
Other movements
At 31 March 2023			19,067,914	17,270,067

				2023	2022
Fixed rate	cash held on	deposit		7,810,483	7,714,152
Split as:
Non-current	asset investment		(due & 1 year)	4,500,414	2,169,420
Current asset investment		(due	& 1 year)	3,310,069	5,544,732
				7,810,483	7,714,152

2023	2022
5,485	13,621

14.	Debtors
				2023f	2022 E
	Other debtors			125,743	423,570
	Prepayments and accrued income			656,962	745,492
				782,705	1,169,062
15.	Creditors:	Amounts	falling due within one year
				2023	2022
					6
	Deferred	income: lottery receipts		416,176	501,384
	Other creditors			219,943	88,003
	Accruals			262,228	379,830
	Amounts	owed to group undertakings		1	1
	Taxation	and social	security	20,805	14,152
				919,153	983,370
	Reconcilation ofdeferred income: Lottery receipts
	Opening	balance		501,384	501,384
	Received	during the	year	4,265,215	4,496,133
	Released	during the	year	(4,350,423)	(4,496,133)
	Closing balance			416,176	501,384

16. Summ	ary of	movement	in funds
						Gain/(loss) on
			Opening			Investments	Closing
			balance	Income E	Expenditure	&transfers f	balance
Unrestricted	funds
General			41,315,380	8,697,191	(8,898,508)	(36,041,671)	5,072,392
Fair Value	Reserve		1,531,539			(1,497,630)	33,909
			42,846,919	8,697,191	(8,898,508)	(37,539,301)	5,106,301
Designated	funds
Disruption	reserve					20,000,000	20,000,000
New Aircraft Fund						11,000,000	11,000,000
Airbase Redevelopment						5,000,000	5,000,000
Staff Responding		Scheme				40,000	40,000
						36,040,000	36,040,000
Total unrestricted		funds	42,846,919	8,697,191	(8,898,508)	(1,499,301)	41,146,301
Restricted	funds
County Air	Ambulance
T'rust- HELP Appeal				26,787		(13,631)	13,156
				26,787		(13,631)	13,156
Totalfunds			42,846,919	8,723,978	(8,898,508)	(1,512,932)	41,159,457

				Cash at
				bank and
				in hand	Other net
		Tangible		(including	current
		fixed	Long term	short term	assetsl	2023
		assets	investmentsf	investments)	(liabilities) E	Total
Unrestricted	funds	7,659,181		(2,421,917)	(130,963)	5,106,301
Designated	funds		25,929,483	10,110,517		36,040,000
Restricted	funds			13,156		13,156
		7,659,181	25,929,483	7,701,756	(130,963)	41,159,457
Prior year - 2022
				Cash at
				bank and
				in hand	Other net
		Tangible		(including	current
		fixed	Long term	short term	assetsl	2022
		assets	investments	investments)	(liabilities)	Total
		8			6
Unrestricted	funds	8,106,129	24,754,586	9,786,891	199,313	42,846,919
Designated	funds
Restricted	funds
		8,106,129	24,754,586	9,786,891	199,313	42,846,919

Categoris	ation offinancial	instruments
							2023f	2022f
Financial	assets measured at	fair value through		income		and
expenditure account							21,429,069	22,585,166
Financial	assets that are debt	instruments	measured		at
amortised	cost						12,813,833	12,648,734
							34,242,902	35,233,900
Financial	liabilities measured	at amortised	cost				473,520	457,826
Item of income, expenditure,		gain or losses
2023						Income f	Expense f	Net gains f	Net losses f
Financial	assets measured at	fair value through
income and expenditure account						459,024	130,085		1,512,932
Financial	assets that are debt	instruments
measured	at amortised cost					221,444
Financial	liabilities measured	at amortised	cost
						680,468	130,085		1,512,932
						Income	Expense	Net gains	Net losses
2022						f	f		f.
Financial	assets measured at	fair value through
income and expenditure account						316,648	109,001	594,420
Financial	assets that are debt	instruments
measured	at amortised cost					236,930
Financial	liabilities measured	at amortised	cost
						553,578	109,001	594,420

	2023	2022
Land and Buildings	f	f
Expiry date:
Within one year
Between two and five years
Other
Expiry date:
Within one year	732,461	733,264
Between two and five years	876
	733,337	733,264