##
|Officers and Professional
Advisers|||||||||
|---|---|---|---|---|---|---|---|---|
|Chairman's
Statement||||||||4-7|
|Strategic Report and Trustees'
Report||||||||8-15|
|Structure,
Governance
and Management||||||||16-18|
|Statement ofTrustees'
and Directors'|Responsibilities||in respect ofthe Trustees'|||Annual|Report|19|
|and the Financial Statements|||||||||
|Independent
Auditor's
Report to the|Members|ofYorkshire||Air Ambulance|Limited|||20-22|
|Consolidated
Statement of Financial Activities|||||||||
|(including
Consolidated
Income and Expenditure||Account)||||||23|
|Consolidated
Balance Sheet||||||||24|
|Company
Balance Sheet||||||||25|
|Consolidated
Cashflow Statement||||||||26|
|Notes forming part ofthe Financial Statements||||||||27-44|
##
|The Board|ofTrustees|Peter Sunderland|Peter Sunderland|Peter Sunderland|MBE,|DL|
|---|---|---|---|---|---|---|
|||Brian Chapman|||||
|||James Eastwood|||||
|||Mike Harrop|||||
|||Kevin Hynes|||||
|||Mark Jones (appointed||||29June 2021)|
|||Vivian
Lewis (resigned 30April 2021)|||||
|||Richard Marsh|||||
|||Sarah Moore (resigned||||30June 2020)|
|||Dr Judith
Parker|||||
|||John Samuel|||||
|||Amarjit Singh|||||
|Company Secretary||Irene Heap|||||
|Registered|Office|Cayley House|||||
|||10South Lane|||||
|||Elland|||||
|||HXS OHQ|||||
|Auditors||BHP LLP|||||
|||New Chartford||House|||
|||Centurion
Way|||||
|||Cleckheaton|||||
|||BD193QB|||||
|Bankers||Lloyds Bank pic|||||
|||6 Park Row|||||
|||Leeds|||||
|||LS11NX|||||
|||Virgin Money|||||
|||94Albion Street|||||
|||Leeds|||||
|||LS16AG|||||
|Solicitors||Wrigleys|||||
|||17-21Cookridge||Street,|||
|||Leeds|||||
|||LS2 3AG|||||
|Investment|Managers|Brewin Dolphin|||||
|||10Wellington|Place||||
|||Leeds|||||
|||LS14AN|||||
|||Redmayne
Bentley|||||
|||9 Bond Court|||||
|||Leeds|||||
|||LS12JZ|||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||Unrestricted|||
|---|---|---|---|---|---|---|---|
|||||Restricted|and Designated|||
|||||Funds|Funds|2021|2020|
||||Note|E|E|E|6|
|Income From:||||||||
|Donations|||||2,102,177|2,102,177|4,191,063|
|Legacies|||||6,867,394|6,867,394|3,189,481|
|Grants||||72,220|320,652|392,872|346,908|
|Non-Charitable|Trading||||314,029|314,029|297,211|
|Investment
Income|||||331,582|331,582|281,216|
|Totallncome||||72,220|9,935,834|10,008,054|8,305,879|
|Expenditure
on:||||||||
|Raising Funds|||||(1,516,738)|(1,516,738)|(1,763,725)|
|Charitable
Activities|||||(3,678,448)|(3,678,448)|(3,284,484)|
|Total Expenditure|||||(5~195'186)|(5 195 186)|(5048 209)|
|Net Gains/(Losses)||on Investments|12||3,545,321|3,545,321|(1,210,308)|
|Other (Losses)/|Gains||8||(10,014)|(10,014)|5,740|
|Net Income||||72,220|8,275,955|8,348,175|2,053,102|
|Taxation|||||5,888|5,888||
|Transfers between||Funds||(96,042)|96,042|||
|Net Movement|in Funds|||(23,822)|8,377,885|8,354,063|2,053,102|
|Reconciliation ofFunds:||||||||
|Total Funds b/f|at 1April|||106,695|31,169,282|31,275,977|29,222,875|
|Total Funds c/f|at 31March||17|82,873|39p547p167|39p630p040|31275~977|
##
##
||||Year E|nded 31March 20|
|---|---|---|---|---|
|Consolidated
Cashflow Statement|||||
|Forthe year ended 31March 2021|||||
||||2021|2020|
|||Note|f|f|
|Cash Flows from Operating
Activities:|||||
|Net Cash provided
by Operating
Activities||22|2,869,513|4,007,038|
|Cash Flows from Investing
Activities:|||||
|Dividends
and Interest from Investments|||404|6,742|
|Purchase of Investments|||(388,537)|(218,640)|
|Disposal of Property,
Plant and Equipment|||85,741|6,070|
|Sale/(purchase)
ofInvestments|||71,547|(7,698,955)|
|Net Cash used in Investing
Activities|||(230,845)|(7,904,783)|
|Change
in Cash and Cash Equivalents|in the Reporting||2,638,668|(3,897,745)|
|Period|||||
|Cash and Cash Equivalents
at 1April|||3,234,617|7,132,362|
|Cash and Cash Equivalents
at31March|||5,873,285|3,234p617|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Freehold|buildings|buildings|||Written|offover 10to50years on a straight-line
basis|||
|---|---|---|---|---|---|---|---|---|
|Freehold|land||||Nil depreciation||||
|Leasehold||property|improvements||Written|offover 10to 30years on a straight-line
basis|||
|Helicopters||texcluding||engines)|Written|offover 10years to an estimated
residual
value|on a||
||||||straight|line basis|||
|Engines|||||No depreciation
charged
as a Service by the Hour cost||which covers||
||||||maintenance,
overhaul
and replacement
of engines
is expensed|||on a|
||||||monthly|basis. This cost replaces an engine depreciation|charge.||
|Computer||equipment|||Written|offover 3to 10years on a straight-line
basis|||
|Fixtures and fittings|||||Written|offover 3to 10years on a straight-line
basis|||
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||6|6|
|Donations||||2,012,409|4,022,114|
|Donations|in kind:|||||
|Arco||||10,000|10,000|
|8 graun Sheffield||||50,000|50,000|
|DM Keith||||7,260|2,505|
|Heavenly|Group|||0|15,000|
|Outdoor|Ocean Media|||0|70,000|
|Red Route||(formerly|CDP Design)|17,000|7,000|
|Skopes||||0|5,000|
|Other||||5,508|9,444|
|Subtotal - Donations|||in Kind|89,768|168,949|
|||||2,102,177|4,191,063|
##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||||6|6|
|Receipts|from|Grant|Making|Trusts|392,872|346,908|
##
|4. Non-Cha|ritable
Trading|||
|---|---|---|---|
|||2021|2020|
|||6|f|
|Lottery Ticket Sales||132,548|140,056|
|Sales ofMerchandise||75,830|24,229|
|Sponsorship|and Income from Sale of Logos|105,651|132,926|
|||314,029|297,211|
##
##
|Fund raising activities||||||
|---|---|---|---|---|---|
||2021|2021|2021|2021|2020|
||Staff Costs|Depreoation|Other Costs|Total|Total|
||E|E|E|E|E|
|Staff Costs|721,291|||721,291|678,909|
|Depreciation||6,113||6,113||
|Event Costs|||4,903|4,903|72,814|
|Travel and Subsistence|||69,372|69,372|103,409|
|Telephone|||8,842|8,842|9,017|
|Merchandise|||41,964|41,964|146,917|
|Printing,
Postage and Stationery|||9,758|9,758|5,895|
|Marketing
and Advertising|||165,815|165,815|267,148|
|Lottery Costs|||30,027|30,027|28,048|
|Other Fund raising Costs|||27,475|27,475|24,128|
|Allocated Support Costs (see note 6)|232,538|22,723|175,917|431,178|427,440|
||953,829|28,836|534,073|1,516,738|1,763,725|
|||2021|2021|2021|2021|2020|
|---|---|---|---|---|---|---|
|||Staff Costs|Depreciation|Other Costs|Total|Total|
|||E|E|E|E|E|
|Charitable|activities||||||
|Air Support
Unit Costs||||209,961|209,961|185,667|
|Helicopter|Running
Costs|||1,277,336|1,277,336|1,337,963|
|Depreciation|||1,157,341||1,157,341|812,201|
|Staff Costs||796,743|||796,743|735,884|
|Auditor's|Remuneration|||13,720|13,720|13,500|
|Legal and|Professional|||1,110|1,110|3,283|
|Travel and|Subsistence|||10,495|10,495|25,002|
|Other Charitable
Expenditure||||42,955|42.955|13,921|
|Allocated|Support Costs (see note 6)|91,028|8,895|68,864|168,787|157,063|
|||887,771|1,166,236|1,624,441|3,678,448|3,284,484|
|Total Expenditure||1,841,600|1,195,072|2,158,514|5,195,186|5,048,209|
##
##
|5. Analysis ofExpenditur|e
(continued)||||||||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||||||||f|f|
|The netincome for the yearis stated after||charging:|||||||
|Operating
Lease Costs|Land and Buildings||||||39,375|37,500|
||Other||||||44,327|43,897|
|Fees paid to Auditor —Audit fees|||||||13,720|13,500|
|Fees paid to Auditor —Taxation|||||||1,330|650|
|Loss on Disposal of Fixed|Assets|||||||6,252|
|6. Support Costs|||||||||
|||2021||2021||2021|2021|2020|
||Staff Costs
f|||Depreciation
f|Other|Costs
f|Totalf|Total
f|
|Support Staff Costs|323,566||||||323,566|298,083|
|Depreciation||||31,618|||31,618|35,145|
|Printing,
Postage 8Stationery||||||9,077|9,077|11,395|
|IT|||||102,373||102,373|96,678|
|Professional/Legal|||||70,601||70,601|59,725|
|Other Support Costs|||||62,730||62,730|83,477|
||323,566|||31,618|244,781||599,965|584,503|
|Allocated as follows:|||||||||
|Charitable
Activities|91,028|||8,895|68,864||168,787|157,063|
|Fundraising
and Publicity|232,538|||22,723|175,917||431,178|427,440|
|Total governance
costs in the year amounted|||to E22 101I2020-f22,134).||||||
|7. Staff Costs|||||||||
||||||||2021f|2020
f|
|Wages and Salaries|||||||1,459,207|1,412,803|
|Social Security Costs|||||||155,347|138,407|
|Pension Costs|||||||95,018|59,800|
|Other Staff Related Costs|||||||132,028|101,866|
||||||||1,841,600|1,712,876|
##
##
##
|The average
monthly
number
ofstaff employed
by|the group during the financial
year amounted t|o:|
|---|---|---|
||2021|2020|
|Fundraising|16|16|
|Operational|9|8|
|Administrative|13|14|
||38|38|
##
|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||||f|f|
|Foreign|currency|(loss)|/gain|made|on|forward|contracts|(10,014)|5,740|
##
##
##
##
||||||Plant,||
|---|---|---|---|---|---|---|
||Freehold|Leasehold|||Equipment||
||Land and|Property|Helicopters|Computer|Fixtures &||
||Buildings|Improvements|&Engines|Equipment|Fittings||
||||||&Vehicles|Total|
|||||||E|
|Cost|||||||
|At 1April 2020|399,388|1,417,622|12,876,117|582,628|614,181|15,889,936|
|Additions||134,041||85,479|169,018|388,538|
|Disposals|||(85,741)|||(85,741)|
|At 31March 2021|399,388|1,551,663|12,790,376|668,107|783,199|16,192,733|
|Depreciation|||||||
|At 1April 2020|136,703|336,591|2,238,514|344,222|303,051|3,359,081|
|Charge for the Year|14,312|53,677|1,006,902|67,985|52,196|1,195,072|
|Eliminated
on disposal|||||||
|At 31March 2021|151,015|390,268|3,245,416|412,207|355,247|4,554,153|
|Net Book Va/ue|||||||
|At 31March 2021|248,373|1,161,395|9,544,960|255,899|427,952|11,638,579|
|At 31March 2020|262,685|1,081,031|10,637,603|238,405|311,130|12,530,854|
##
##
|12. Fixed|asset i|nvestm|ents||||
|---|---|---|---|---|---|---|
||||||Total|Total|
||||||2021|2020|
||||||f|f|
|Consolidated|||||||
|At 1April|||||14,805,986|8,042,865|
|Additions|at Cost||||6,770,120|6,089,157|
|Disposals|at Carrying Value||||(3,150,857)|(1,135,701)|
|Income Received||During the Year|||331,178|274,474|
|Unrealised|Gain/(Loss)||on Investments||3,545,321|(1,210,308)|
|Change
in Value ofCash Held in Portfolio|||||(3,690,811)|2,745,499|
|At 31March|||||18,610,937|14,805,986|
||||||Total|Total|
||||||2021|2020|
||||||f|f|
|Company|||||||
|At 1April|||||14,830,989|8,067,868|
|Additions|at Cost||||6,770,120|6,089,157|
|Disposals|at Carrying Value||||(3,150,857)|(1,135,701)|
|Income Received||During the Year|||331,178|274,474|
|Unrealised|(Loss)/Gain||on Investments||3,545,321|(1,210,308)|
|Change
in|Value ofCash held in Portfolio||||(3,690,811)|2,745,499|
|At 31March|||||18,635,940|14,830,989|
|The analysis ofinvestments
held is:|||||||
||||||Total|Total|
||||||2021|2020|
||||||f|f|
|Analysis of Investments|||Measured|at Fair Value —Consolidated|||
|UK Bonds|||||1,853,197|2,291,973|
|Overseas|Bonds||||1,637,844|89,198|
|UK Equities|||||3,869,512|3,048,290|
|Overseas|Equities||||7,997,718|4,437,258|
|Absolute|Return||||2,089,790|702,769|
|Property|Funds||||63,899|164,155|
|Other Investments|||||951,178|566,660|
|Cash|||||147,799|3,505,683|
|Tota
I|||||18,610,937|14,805,986|
##
##
|12.Fixed Asset Investme||nts|(conti|nu|ed)||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||Total||Total|
|||||||||||||||2021||2020|
|||||||||||||||f||f|
|Analysis ofInvestments||Measured||at Fair Value|||—Company||||||||||
|UK Bonds||||||||||||||1,853,197||2,291,973|
|Overseas
Bonds||||||||||||||1,637,844||89,198|
|UK Equities||||||||||||||3,869,512||3,048,290|
|Overseas
Equities||||||||||||||7,997,718||4,437,258|
|Absolute
Return||||||||||||||2,089,790||702,769|
|Property
Funds||||||||||||||63,899||164,155|
|Other Investments||||||||||||||951,178||566,660|
|Cash||||||||||||||147,799||3,505,683|
|Sub —Total Investments|Measured|||at|Fair Value|||||||||18,610,937|14,805,986||
|UK Subsidiaries
Measured||at Cost||||||||||||25,003||25,003|
|Total||||||||||||||18,635,940|14,830,989||
|The investments
noted above are||||managed||on|a portfolio|||basis by our appointed||||investment
managers.
The|||
|Trustees
have agreed performance||||benchmarks|||with||the investment|||managers|and|review the performance
o|||
|the investment
portfolios||against those benchmarks|||||||on a quarterly|||basis. The|benchmarks
used are the MSC||||
|WMA Balanced
and the||MSCI WMA|||Conservative|||measurements,||||but the Trustees||also review|performance||
|against the FTSE100and||FTSE All Share indices.|||||The||Trustees|have not imposed|||any|restrictions
or|guidelines
in||
|respect of social, ethical||or|environmental|||considerations||||on|the|investment|managers.
Income|||and capital|
|gains/(losses)
are therefore|||reviewed||and attributed||||on a portfolio basis.||||||||
|The details of the company's|||non-charitable|||trading|||subsidiary||undertakings,||both|of which are|registered
in||
|England
and Wales are as follows:-|||||||||||||||||
|Subsidiary||||Shares Held|||||||Percentage||Principal
Activity||||
||||||||||||Holding||||||
|Yorkshire
Air Ambulance||||2 Ordinary||f1Shares|||||100%%uo||Promotion
ofa weekly||||
|(Trading)
Limited|||||||||||||lottery to generate|||funds|
|(Co No 04053514)|||||||||||||||||
|Yorkshire
Air Ambulance||||1Ordinary||E1Share|||||100o/||Dormant||||
|Services Limited|||||||||||||||||
|(Co No 05414029)|||||||||||||||||
##
||||Yorkshire
Air|Yorkshire|Air||||
|---|---|---|---|---|---|---|---|---|
||||Ambulance|Ambulance|||||
||||(Trading)|Services||Total||Total|
||||Limited|Limited||2021||2020|
||||f||f|f||f|
|Turnover|||132,548|||132,548||140,056|
|Cost ofSales|||(22,952)|||(22,952)||(21,564)|
|Gross Profit|||109,596|||109,596||118,492|
|Administrative|Expenses||(20,106)|||(20,106)||(19,202)|
|Profit for the|Financial Year||89,490|||89,490||99,290|
|Tax credit|||5,888|||5,888|||
|Profit for the|Year||95,378|||95,378||99,290|
|Assets|||118,927|||118,928||119,547|
|Liabilities|||(118,891)|||(118,891)||(20,220)|
|Shareholder's|Funds||36|||37||99,327|
|13.Stock (Consolidated||and|Company)||||||
||||||||Total|Total|
||||||||2021|2020|
||||||||f|f|
|Fuel|||||||15,173|18,533|
|Tata I|||||||15,173|18,533|
##
##
||||Consolidated|Consolidated||Company|
|---|---|---|---|---|---|---|
||||2021|2020|2021|2020|
||||6||E|f|
|Trade Debtors|||72,684|59,865|72,684|59,865|
|Amounts|Owed by Group Undertakings||||105,155|693|
|Other Debtors|||13||13||
|Prepayments||and Accrued Income|3,970,161|1,121,937|3,970,161|1,121,937|
|Taxation|and Social Security||28,820|44,480|28,820|44,480|
||||4,071,678|1,226,282|4,176,833|1,226,975|
|||||Consolidated|Consolidated||Company|
|---|---|---|---|---|---|---|---|
|||||2021|2020|2021|2020|
|||||6|6|f|E|
|Trade Creditors||||81,907|135,004|81,907|135,004|
|Other Creditors||||18,863|14,140|18,863|14,140|
|Taxation|and Social Security Costs|||41,019|49,751|41,019|49,751|
|Accruals|and Deferred||Income|437,823|341,400|424,087|321,874|
|||||579,612|540,295|565,876|520,769|
|Included|within|accruals and deferred||income above is deferred|sponsorship|and lottery income as follow||
|||||||Group
f|Company
f|
|At 1April|2020|||||69,132|59,483|
|Released|from|Previous|Years|||(69,132)|(59,483)|
|Deferred|in the|Year||||110,163|99,269|
|At 31March 2021||||||110,163|99,269|
##
##
|||||Land and|Buildings||Other|
|---|---|---|---|---|---|---|---|
|||||2021|2020|2021|2020|
|||||f|f|f||
|Operating||Leases Payments|Due:|||||
|Less than||One Year||45,000|37,500|50,821|149,539|
|Within|2|to 5Years||206,875|81,250|50,983|45,059|
|Greater|than 5years|||74,375||||
|||||326,250|118,750|101,804|194,598|
|17.Movement|17.Movement|17.Movement|in|Funds|Funds||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Consolidated|||||||||||
|||||||||Gains and|||
|||||||||Losses on|Transfers|Balance ot|
||||||Balances at|||investments/|Between|31March|
|||||1*'April 2020
f||Income
f|Expenditure
f|Taxation
f|Funds
f|2021
f|
|Unrestricted||funds|||19,676,729|9,935,834|(5,195,186)|3,541,195|(7,903,958)|20,054,614|
|Designated||funds:|||||||||
|Helicopter|Replacement||||7,000,000||||8,000,000|15,000,000|
|Reserve|||||||||||
|Helicopter|||||547,560|||||547,560|
|Maintenance||Fund|||||||||
|Property|Development||||3,944,993|||||3,944,993|
|Funds|||||||||||
|Designated||Funds|||11,492,553||||8,000,000|19,492,553|
|Restricted|Funds||||106,695|72,220|||(96,042)|82,873|
|Total Funds|||||31,275,977|10,008,054|(5,195,186)|3,541,195||39,630,040|
|Company|||||||||||
|||||||||Gains and|||
|||||||||Losses on|Transfers|Balance at|
||||||Balances at|||Investments/|Between|31March|
|||||1stApril 2020
f||Income
f|Expenditure
f|Toxation
f|Funds
f|2021
f|
|Unrestricted|||||19,602,405|10,068,382|(5,232,356)|3,545,144|(7,903,958)|20,079,617|
|Funds|||||||||||
|Designated|||||11,492,553||||8,000,000|19,492,553|
|Funds|||||||||||
|Restricted|||||106,695|72,220|||(96,042)|82,873|
|Funds|||||||||||
|Total Funds|||||31,201,953|10,140,602|(5,232,356)|3,545,144||39,655,043|
##
##
||||Tangible|Fixed||Other Net||
|---|---|---|---|---|---|---|---|
|||||Assetsf|Investments
f|Assets
f|Total
E|
|Unrestricted||Funds|11,638,579||(334,056)|8,750,091|20,054,614|
|Designated||Funds|||18,944,993|547,560|19,492,553|
|Restricted|Funds|||||82,873|82,873|
||||11,638,579||18,610,937|9,380,524|39,630,040|
##
##
##
|Financial Assets|at Fair Va|lue Through
Profit or Loss:|Total
2021
f|Total
2020
f|
|---|---|---|---|---|
|Investments|||18,610,937|14,805,986|
|Forward
Foreign|Currency|Contracts|903,141||
##
|22.Reconciliation|ofNet Move|ment
in Fu|nds to Net Cash Flow fr|om Operating
Activities||
|---|---|---|---|---|---|
|||||2021|2020|
|||||f|f|
|Group||||||
|Net Movement
in Funds for the||Reporting|Period|8,354,063|2,053,102|
|Adjustments
for:||||||
|Depreciation||||1,195,072|841,303|
|Dividends,
Interest|and Rents from Investments|||(331,582)|(281,216)|
|(Gain) /Loss on Investments||||(3,545,321)|1,210,308|
|Loss on disposal offixed assets|||||6,252|
|Decrease / (Increase) in Stocks||||3,360|(5,592)|
|(Increase)/Decrease|in Debtors|||(2,845,396)|187,372|
|Increase/(Decrease)|in Creditors|||39,317|(4,491)|
|Net Cash Provided|by Operating|Activities||2,869,513|4,007,038|