## 



## 

|Officers and Professional<br>Advisers|||||||||
|---|---|---|---|---|---|---|---|---|
|Chairman's<br>Statement||||||||4-7|
|Strategic Report and Trustees' Report||||||||8-15|
|Structure,<br>Governance<br>and Management||||||||16-18|
|Statement ofTrustees'<br>and Directors'|Responsibilities||in respect ofthe Trustees'|||Annual|Report|19|
|and the Financial Statements|||||||||
|Independent<br>Auditor's<br>Report to the|Members|ofYorkshire||Air Ambulance|Limited|||20-22|
|Consolidated<br>Statement of Financial Activities|||||||||
|(including<br>Consolidated<br>Income and Expenditure||Account)||||||23|
|Consolidated<br>Balance Sheet||||||||24|
|Company<br>Balance Sheet||||||||2S|
|Consolidated<br>Cashflow Statement|||||||||
|Notes forming part ofthe Financial Statements||||||||27-44|





## 

|The Board|ofTrustees|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|||||
|||Dr Judith Parker|||||
|||John Samuel (resigned 25 February 2022)|||||
|||Amarjit Singh|||||
|||Paul Skelton (appointed|||26 April 2022)||
|Company|Secretary|Irene Heap (resigned 6July 2022)|||||
|||Heather<br>Goodwill||(appointed||22 March 2022)|
|Registered|Office|Cayley House|||||
|||10South Lane|||||
|||Elland|||||
|||HXS OHQ|||||
|Auditors||BHP LLP|||||
|||New Charfford|House||||
|||Centurion<br>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<br>Bentley|||||
|||9 Bond Court|||||
|||Leeds|||||
|||LS12JZ|||||





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||||||Unrestricted|||
|---|---|---|---|---|---|---|---|
|||||Restricted|and Designated|||
||||Note|Fundsf|Fundsf|2022f|2021f|
|Income From:||||||||
|Donations|||||3,726,033|3,726,033|2,102,177|
|Legacies|||||4,041,915|4,041,915|6,867,394|
|Grants|||3|39,880|145,702|185,582|392,872|
|Non-Charitable|Trading||4||331,691|331,691|314,029|
|Investment<br>Income|||||355,627|355,627|331,582|
|Total Income||||39,880|8,600,968|8,640,848|10,008,054|
|Expenditure<br>on:||||||||
|Raising Funds|||||(1,674,471)|(1,674,471)|(1516,738)|
|Charitable<br>Activities|||||(4,220,892)|(4,220,892)|(3,678,448)|
|Total Expenditure|||||(5,895,363)|(5,895,363)|(5,195,186)|
|Net Gains/(Losses)||on Investments|12||389,164|389,164|3,545,321|
|Other (Losses)/|Gains||8||10,014|10,014|(10,014)|
|Net Income||||39,880|3g104~783|3~144~663|8~348p175|
|Taxation|||||||5,888|
|Transfers between||Funds||(31,000)|31,000|||
|Net Movement|in Funds|||8,880|3,135,783|3,144,663|8,354,063|
|Reconciliation|ofFunds:|||||||
|Total Funds b/f at1April||||82,873|39,547,167|39,630,040|31,275,977|
|Total Funds c/f|at31March||17|91,753|42,682,950|42,774,703|39,630,040|





## 








|||||Yorkshire|Air Ambulance<br>Limited|
|---|---|---|---|---|---|
|||||Directors' Report and Financial Statements||
|||||Year|Ended 31March 2022|
|Consolidated<br>Cashf|low Statement|||||
|Forthe year ended 31March 2022||||||
|||||2022|2021|
||||Note|E|E|
|Cash Flows from Operating|Activities:|||||
|Net Cash provided<br>by Operating<br>Activities|||21|(677,802)|2,869,513|
|Cash Flows from Investing|Activities:|||||
|Dividends<br>and Interest from Investments||||357|404|
|Purchase of Fixed Assets||||(173,286)|(388,537)|
|Disposal ofProperty,<br>Plant|and Equipment||||85,741|
|Sale/(purchase)<br>ofInvestments||||62,053|71,547|
|Net Cash used in Investing|Activities|||(110,876)|(230,845)|
|Change<br>in Cash and Cash Equivalents||in the Reporting||(788,678)|2,638,668|
|Period||||||
|Cash and Cash Equivalents|at 1April|||5,873,285|3,234,617|
|Cash and Cash Equivalents|at 31March|||5,084,607|5,873,285|





## 

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## 

|economic|life ofthat|life ofthat|asset as follows:|—||||
|---|---|---|---|---|---|---|---|
|Freehold|buildings|||Written|offover 10to 50years on a straight-line<br>basis|||
|Freehold|land|||Nil depreciation||||
|Leasehold||property|improvements|Written|offover 10to30years on a straight-line<br>basis|||
|Helicopters||(excluding engines)||Written|off over 10years to an estimated<br>residual<br>value|on a||
|||||straight|line basis|||
|Engines||||No depreciation<br>charged<br>as a Service by the Hour cost||which covers||
|||||maintenance,<br>overhaul<br>and replacement<br>ofengines<br>is expensed|||on a|
|||||monthly|basis. This cost replaces an engine depreciation|charge.||
|Computer||equipment||Written|off over 3to 10years on a straight-line<br>basis|||
|Fixtures and fittings||||Written|off over 3to 10years on a straight-line<br>basis|||



## 

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## 



## 

||||2022|2021|
|---|---|---|---|---|
||||6|E|
|Donations|||3,662,342|2,012,409|
|Donations|in kind:||||
|Arco|||5,000|10,000|
|BBraun Sheffield|||30,000|50,000|
|DM Keith|||8,470|7,260|
|Red Route|||7,833|17,000|
|Other|||12,388|5,508|
|Subtotal - Donations||in Kind|63,691|89,768|
||||3,726,033|2,102,177|



## 

||||||2022|2021|
|---|---|---|---|---|---|---|
||||||6|E|
|Receipts|from|Grant|Making|Trusts|185,582|392,872|



## 

|4. Non-Cha|ritable<br>Trading|||
|---|---|---|---|
|||2022|2021|
|||E|6|
|Lottery Ticket Sales||133,111|132,548|
|Sales ofMerchandise||36,597|75,830|
|Sponsorship|and Income from Sale of Logos|161,983|105,651|
|||331,691|314,029|





## 

## 

|5. Analysis ofExpenditure|5. Analysis ofExpenditure|||||||
|---|---|---|---|---|---|---|---|
|Fundraising<br>activities||||||||
|||2022|2022||2022|2022|2021|
|||Staff Costsf|Depreciation|E|Other Costs<br>E|Total<br>E|Total<br>E|
|Staff Costs||720,570||||720,570|721,291|
|Depreciation|||26,794|||26,794|6,113|
|Event Costs|||||22,568|22,568|4,903|
|Travel and Subsistence|||||99,596|99,596|69,372|
|Telephone|||||8,971|8,971|8,842|
|Merchandise|||||85,503|85,503|41,964|
|Printing,<br>Postage and Stationery|||||7,630|7,630|9,758|
|Marketing<br>and Advertising|||||151,710|151,710|165,815|
|Lottery Costs|||||32,693|32,693|30,027|
|Other Fundraising|Costs||||28,809|28,809|27,475|
|Allocated Support|Costs (see note 6)|246,101|23,395||220,131|489,627|431,178|
|||966,671|50,189||657,611|1,674,471|1,516,738|
|All expenditure<br>on|raising funds relates wholly to||unrestricted|funds|in both 2022|and 2021.||
|||2022|2022||2022|2022|2021|
|||Staff Costs<br>E|Depreciation|f|Other Costs<br>f|Total<br>E|Total<br>E|
|Charitable<br>activities||||||||
|Air Support Unit Costs|||||193,401|193,401|209,961|
|Helicopter<br>Running|Costs||||1,584,894|1,584,894|1,277,336|
|Depreciation|||1,218,449|||1,218,449|1,157,341|
|Staff Costs||949,091||||949,091|796,743|
|Auditor's<br>Remuneration|||||18,465|18,465|13,720|
|Legal and Professional|||||138|138|1,110|
|Travel and Subsistence|||||22,547|22,547|10,495|
|Other Charitable<br>Expenditure|||||32,754|32,754|42,955|
|Allocated Support|Costs (see note 6)|101,106|9,611||90,436|201,153|168,787|
|||1,050,197|1,228,060||1,942,635|4,220,892|3,678,448|
|Total Expenditure||2,016,868|1,278,249||2,600,246|5,895,363|5,195,186|





## 

## 

|5. Analysis ofExpenditur|e<br>(continued)||||||||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||||E|E|
|The net income for the year isstated after||charging:|||||||
|Operating<br>Lease Costs|Land and Buildings||||||45,000|39,375|
||Other||||||44,690|44,327|
|Fees paid to Auditor —Audit fees|||||||18,465|13,720|
|Fees paid to Auditor- Taxation|||||||1,330|1,330|
|6. Support Costs|||||||||
|||2022||2022||2022|2022|2021|
||Staff|Costs||Depreciation|Other|Costs|Total|Total|
||||4|s||6|s|s|
|Support Staff Costs|347,207||||||347,207|323,566|
|Depreciation||||33,006|||33,006|31,618|
|Printing,<br>Postage<br>Ik Stationery|||||7,468||7,468|9,077|
|IT|||||128,001||128,001|102,373|
|Professional/Legal|||||79,365||79,365|70,601|
|Other Support Costs|||||95,733||95,733|62,730|
||347,207|||33,006|310,567||690,780|599,965|
|Allocated as follows:|||||||||
|Charitable<br>Activities|101,106|||9,611|90,436||201,153|168,787|
|Fundraising<br>and Publicity|246,101|||23,395|220,131||489,627|431,178|
|Total governance<br>costs in the year amounted|||to E27,834(2021-||E22,101).||||
|7. Staff Costs|||||||||
||||||||2022|2021|
||||||||E|E|
|Wages and Salaries|||||||1,488,436|1,459,207|
|Social Security Costs|||||||157,004|155,347|
|Pension Costs|||||||113,621|95,018|
|Other Staff Related Costs|||||||257,807|132,028|
||||||||2,016,868|1,841,600|





## 

## 

## 

||2022|2021|
|---|---|---|
|Fun draising|15|16|
|Operational|9|9|
|Administrative|14|13|
||38|38|



## 

|8. Oth|er gains a|nd los|ses|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
|||||||||E|E|
|Foreign|currency|(loss)|/gain|made|on|forward|contracts|10,014|(10,014)|



## 



## 

## 

|||||||Plant,||
|---|---|---|---|---|---|---|---|
|||Freehold|Leasehold|||Equipment||
|||Land and|Property|Helicopters|Computer|Fixtures &||
|||Buildings|Improvements|&Engines|Equipment|Fittings||
|||||||&Vehicles|Total|
||||f|E|E|f|f|
|Cost||||||||
|At 1April|2021|399,388|1,551,663|12,790,376|668,107|783,199|16,192,733|
|Additions|||41,844||67,427|64,014|173,285|
|Disposals||||||||
|At 31March 2022||399,388|1,593,507|12,790,376|735,534|847,213|16,366,018|
|Oepreciotion||||||||
|At 1April|2021|151,015|390,268|3,245,416|412,207|355,247|4,554,153|
|Charge forthe Year||13,882|58,514|1,048,329|78,723|78,801|1,278,249|
|Eliminated|on disposal|||||||
|At 31March 2022||164,897|448,782|4,293,745|490,930|434,048|5,832,402|
|Net Book|Vo/ue|||||||
|At 31March 2022||234,491|1,144,726|8,496,631|244,603|413,165|10,533,615|
|At 31March 2021||248,373|1,161,395|9,544,960|255,899|427,952|11,638,579|





## 

## 

|12. Fixed|asset in|vest|m|ents||||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
|||||||2022|2021|
|||||||E|E|
|Consolidated||||||||
|At 1April||||||18,610,937|14,805,986|
|Additions|at Cost|||||3,046,847|6,770,120|
|Disposals|at Carrying||Value|||(2,976,513)|(3,150,857)|
|Income Received||During the Year||||355,271|331,178|
|Unrealised|Gain/(Loss)|||on Investments||389,164|3,545,321|
|Change in Value ofCash Held in Portfolio||||||(132,387)|(3,690,811)|
|At 31March||||||19,293,319|18,610,937|
|||||||Total|Total|
|||||||2022|2021|
|||||||E|f|
|Company||||||||
|At 1April||||||18,635,940|14,830,989|
|Additions|at Cost|||||3,046,847|6,770,120|
|Disposals|at Carrying Value|||||(2,976,513)|(3,150,857)|
|Income Received||During the Year||||355,271|331,178|
|Unrealised|(Loss)/Gain|||on Investments||389,164|3,545,321|
|Change<br>in Value of Cash held in Portfolio||||||(132,387)|(3,690,811)|
|At31March||||||19,318,322|18,635,940|
|The analysis ofinvestments<br>held is:||||||||
|||||||Total|Total|
|||||||2022|2021|
|||||||E|E|
|Analysis ofInvestments||||Measured|at Fair Value —Consolidated|||
|UK Bonds||||||1,598,066|1,853,197|
|Overseas|Bonds|||||1,890,653|1,637,844|
|UK Equities||||||3,652,048|3,869,512|
|Overseas|Equities|||||7,676,562|7,997,718|
|Absolute|Return|||||2,478,159|2,089,790|
|Property<br>Funds||||||67,197|63,899|
|Other Investments||||||1,564,404|951,178|
|Cash||||||366,230|147,799|
|Total||||||19,293,319|18,610,937|





## 

## 

|12.Fixed|Asset|Investm|ents<br>(conti|nued)|||
|---|---|---|---|---|---|---|
||||||Total|Total|
||||||2022|2021|
||||||6||
|Analysis ofInvestments|||Measured|at Fair Value- Company|||
|UK Bonds|||||1,598,066|1,853,197|
|Overseas|Bonds||||1,890,653|1,637,844|
|UK Equities|||||3,652,048|3,869,512|
|Overseas|Equities||||7,676,562|7,997,718|
|Absolute|Return||||2,478,159|2,089,790|
|Property|Funds||||67,197|63,899|
|Other Investments|||||1,564,404|951,178|
|Cash|||||366,230|147,799|
|Sub —Total Investments|||Measured|at Fair Value|19,293,319|18,610,937|
|UK Subsidiaries||Measured at Cost|||25,003|25,003|
|Total|||||19,318,322|18,635,940|



|Subsidiary|Shares Held|Shares Held|Percentage|Principal Activity|Principal Activity|
|---|---|---|---|---|---|
||||Holding|||
|Yorkshire<br>Air Ambulance|2 Ordinary|E1Shares|100Yo|Promotion|ofa weekly|
|(Trading) Limited||||lottery to|generate funds|
|(Co No 04053514)||||||
|Yorkshire<br>Air Ambulance|1Ordinary|E1Share|10096|Dormant||
|Services Limited||||||
|(Co No 05414029)||||||





## 

||||Yorkshire<br>Air|Yorkshire Air||||
|---|---|---|---|---|---|---|---|
||||Ambulance|Ambulance||||
||||(Trading)|Services|Total||Total|
||||Limitedf|Umited<br>f|2022<br>f||2021<br>f|
|Turnover|||133,111||133,111||132,548|
|Cost ofSales|||(24,168)||(24,168)||(22,952)|
|Gross Profit|||108,943||108,943||109,596|
|Administrative|Expenses||(22,297)||(22,297)||(20,106)|
|Profit for the|Financial Year||86,646||86,646||89,490|
|Tax credit|||||||5,888|
|Profit for the|Year||86,646||86,646||95,378|
|Assets|||119,566|1|119,567||118,928|
|Liabilities|||(119,530)||(119,530)||(118,891)|
|Shareholder's|Funds||36||||37|
|13.Stock (Consolidated||and|Company)|||||
|||||||Total|Total|
|||||||2022|2021|
|||||||f|f|
|Fuel||||||22,159|15,173|
|Total||||||22,159|15,173|





## 

## 

||||Consolidated|Consolidated||Company|
|---|---|---|---|---|---|---|
||||2022|2021|2022|2021|
||||6|6|6|6|
|Trade Debtors|||40,833|72,684|40,833|72,684|
|Amounts|Owed by Group Undertakings||||106,037|105,155|
|Other Debtors||||13||13|
|Prepayments||and Accrued Income|8,403,151|3,970,161|8,403,151|3,970,161|
|Taxation|and Social Security||45,641|28,820|45,641|28,820|
||||8,489,625|4,071,678|8,595,662|4,176,833|



|15.Creditors: Amounts|Falling Due Within|One Year|One Year|||
|---|---|---|---|---|---|
|||Consolidated|||Company|
|||2022|2021|2022|2021|
|||6|f|6|f|
|Trade Creditors||284,973|81,907|284,973|81,907|
|Other Creditors||20,379|18,863|20,379|18,863|
|Taxation and Social Security Costs||38,815|41,019|38,815|41,019|
|Accruals and Deferred|Income|304,455|437,823|290,961|424,087|
|||648,622|579,612|635128|565876|



|||Group<br>f|Company<br>E|
|---|---|---|---|
|At 1April|2021|110,163|99,269|
|Released|from Previous Years|(110,163)|(99,269)|
|Deferred|in the Year|78,987|69,554|
|At31March 2022||78,987|69,554|





## 

## 

|||||Land and|Buildings||Other|
|---|---|---|---|---|---|---|---|
|||||2022|2021|2022|2021|
|||||f|f|f|f|
|Operating||Leases Payments|Due:|||||
|Less than||One Year||45,000|45,000|47,019|50,821|
|Within|2|to 5Years||206,875|206,875|35,129|50,983|
|Greater|than 5years|||74,375|74,375|||
|||||326,250|326,250|82,148|101,804|





## 

## 

||||||||Gains and|||
|---|---|---|---|---|---|---|---|---|---|
||||||||Losses on|Transfers|Balance at|
||||Balances at||||Investments/|Between|31March|
|||1nApril 2021<br>f||incomef|Expenditure|f|Taxation<br>f|Funds<br>f|2022<br>f|
|Unrestricted||funds|20,054,614|8,600,968|(5,829,470)||399,178|31,000|23,256,290|
|Designated|funds:|||||||||
|Helicopter|Replacement||15,000,000||||||15,000,000|
|Reserve||||||||||
|Helicopter|||547,560||(65,893)||||481,667|
|Maintenance||Fund||||||||
|Property Development|||3,944,993||||||3,944,993|
|Funds||||||||||
|Designated||Funds|19,492,553||(65,893)||||19,426,660|
|Restricted|Funds||82,873|39,880||||(31,000)|91,753|
|Total Funds|||39,630,040|8,640,848|(5,895,363)||399,178||42,774,703|
|Compeny||||||||||
||||||||Gains and|||
||||||||Losses on|Transfers|Balance at|
||||Balances at||||Investments/|Between|31March|
|||1stApril 2021<br>f||Income<br>f|Expenditure|f|Taxatron<br>f|Funds<br>f|2022<br>f|
|Unrestricted|||20,079,617|8,600,968|(5,829,470)||399,178|31,000|23,281,293|
|Funds||||||||||
|Designated|||19,492,553||(65,893)||||19,426,660|
|Funds||||||||||
|Restricted|||82,873|39,880||||(31,000)|91,753|
|Funds||||||||||
|Total Funds|||39,655,043|8,640,848|(5,895,363)||399,178||42,799,706|





## 

## 

||||Tangible|Fixed||Other Net||
|---|---|---|---|---|---|---|---|
|||||Assets|Investments|Assets|Total|
|||||6|6|6|6|
|Unrestricted||Funds|10,533,615||348,326|12,374,349|23,256,290|
|Designated||Funds|||18,944,993|481,667|19,426,660|
|Restricted|Funds|||||91,753|91,753|
||||10,533,615||19,293,319|12,947,769|42,774,703|



## 

## 

## 

|Financial|Assets|at Fair Value Through|Profit or Loss:|Total|Total|
|---|---|---|---|---|---|
|||||2022|2021|
|||||6|f|
|Investments||||19,293,319|18,610,937|
|Forward|Foreign|Currency Contracts|||903,141|





## 

## 

## 

|21.Reconciliation|of Net Move|ment<br>in Funds to Net Cash Flow fro|m Operating<br>Activities||
|---|---|---|---|---|
||||2022|2021|
||||6|E|
|Group|||||
|Net Movement<br>in|Funds for the|Reporting Period|3,144,663|8,354,063|
|Adjustments<br>for:|||||
|Depreciation|||1,278,249|1,195,072|
|Dividends,<br>Interest|and Rents from Investments||(355,627)|(331,582)|
|(Gain) /Loss on Investments|||(389,164)|(3,545,321)|
|Decrease / (Increase) in Stocks|||(6,986)|3,360|
|(Increase)/Decrease|in Debtors||(4,417,947)|(2,845,396)|
|Increase/(Decrease)|in Creditors||69,010|39,317|
|Net Cash Provided|by Operating|Activities|(677802)|2p869~513|