|||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||
##
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||||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|
##