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|||Page|
|---|---|---|
|Reference and administrative
details|||
|Trustees'
report||2-13|
|Trustees'
responsibilities
statement||14|
|Independent
auditor's
report tothe members ofThe Great North Air Ambulance|Service|15-18|
|Consolidated
statement cffinancial activities||19|
|Consolidated
balance sheet||20|
|Charity balance sheet||21 - 22|
|Consolidated
statement
ofcash flows||23|
|Notes to the financial statements||24-49|
##
##
##
|Trustees|||Mr BJobling, Chair (resigned 19July 2022)|Mr BJobling, Chair (resigned 19July 2022)|
|---|---|---|---|---|
||||MrJ Devine (resigned|19July 2022)|
||||DrKHan||
||||Mrs JTrench (resigned|19July 2022)|
||||Mr SGroves OBE||
||||Ms D Dunn||
||||Mr P Neal||
||||Prof M Defeyter||
||||Mrs CVaughan||
||||Mr A Hui||
||||Mr J Jowett (appointed|27 May 2022)|
||||Mr G Sharp (appointed|11 November 2022)|
|Company|registered||||
|number|||04436859||
|Charity registered|||||
|number|||1092204||
|Registered||office|Progress House||
||||Urlay Nook Road||
||||Eaglescliffe||
||||Stockton-on-Tees||
||||TS16OQB||
|Company|secretary||Muckle Secretary Limited||
|Chief executive officer|||Mr D Stockton||
|Independent||auditor|UNW LLP||
||||Chartered
Accountants||
||||Citygate||
||||St James' Boulevard||
||||Newcastle
upon Tyne||
||||NE1 4JE||
|Bankers|||Royal Bank ofScotland||
||||Drummond
House||
||||1 Redheughs
Avenue||
||||Edinburgh||
||||EH12 9JN||
|Solicitors|||Muckle LLP||
||||32 Gallowgate||
||||Newcastle
upon Tyne||
||||Tyne and Wear||
||||NE14BF||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2022|
||Note|||5|
|Income from:|||||
|Donations
and legacies||6,896,511|6,896,511|5,176,471|
|Charitable
activities||818,844|818,844|442,670|
|Other trading
activities||3,107,138|3,107,138|2,785,765|
|Investments||27,258|27,258|598|
|Other income||||7,006|
|Total income||10,849,751|10,849,751|8,412,510|
|Expenditure
on:|||||
|Raising funds||2,077,774|2,077,774|1,802,622|
|Charitable
activities||7,116,161|7,116,161|6,591,128|
|Total expenditure||9,193,935|9,193,935|8,393,750|
|Net income before net gains on investments||1,655,816|1,655,816|18,750|
|Net gains on investments|15|322|322|1,286|
|Nst movement
in funds||1,656,138|1,656,138|20,046|
|Reconciliation
offunds:|||||
|Total funds brought fonvard||15,295,955|15,295,955|15,275,909|
|Net movement
in funds||1,656,138|1,656,138|20,045|
|Total funds carried forward|21|16,952,093|16,952,093|15,295,955|
##
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||||||2023||2022|
|---|---|---|---|---|---|---|---|
||||Note||||F|
|Fixed assets||||||||
|Intangible assets|||13||288,402||185,581|
|Tangible assets|||14||10,652,835||11,804,520|
|Investments|||15||5,409||5,087|
||||||10,946,646||11,995,188|
|Current assets||||||||
|Stocks|||16|76,607||76,675||
|Debtors|||17|606,272||1,089,115||
|Cash at bank and in hand||||9,913,775||6,880,974||
|||||10,S96,6S4||8,046,764||
|Creditors: amounts|falling|due within one||||||
|year|||18|(1,137,174)||(961,389)||
|Net current assets|||||9,459,480||7,085,375|
|Total assets less current||liabilities|||20,406,126||19,080,563|
|Creditors: amounts|falling|due after more||||||
|than one year|||19||(3,446,826)||(3,773,503)|
|Provisions for liabilities||||||||
|Deferred tax|||20||(7,207)||(11,105)|
|Total net assets|||||16,952,093||15,295,955|
|Charity funds||||||||
|Unrestricted
funds|||21||16,952,093||15,295,955|
|Total funds|||||16,952,093||15,295,955|
##
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||||||2023||2022|
|---|---|---|---|---|---|---|---|
||||Note||6|||
|Fixed assets||||||||
|Intangible assets|||13||288,402||185,581|
|Tangible assets|||14||10,618,262||11,747,815|
|Investments|||15||5,411||5,089|
||||||10,912,075||11,938,485|
|Current assets||||||||
|Stocks|||16|39,845||34,253||
|Debtors|||17|586,489||1,046,058||
|Cash at bank|and in hand|||9,511,292||6,478,845||
|||||10,137,626||7,559,166||
|Creditors: amounts||falling due within one||||||
|year|||18|(1,004,212)||(903,821)||
|Net current|assets||||9,133,414||6,655,345|
|Total assets|less current liabilities||||20,045,489||18,593,830|
|Creditors: amounts||falling due after more||||||
|than one year|||19||(3,416,383)||(3,733,010)|
|Total net assets|||||16,629,106||14,860,820|
|Charity funds||||||||
|Unrestricted|funds||||16,629,106||14,860,820|
||||21|||||
|Total funds|||||16,629,106||14,860,820|
##
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|||||2023|2022|
|---|---|---|---|---|---|
||||Note|5||
|Cash flows from operating
activities||||||
|Net cash generated
from operating
activities|||22|3,923,856|1,410,885|
|Cash flows from investing
activities||||||
|Dividends,
interests and rents from investments||||27,258|598|
|Proceeds from the sale oftangible fixed|assets||||478,885|
|Purchase of intangible
assets||||(211,365)|(78,702)|
|Purchase oftangible fixed assets||||(185,675)|(2,124,349)|
|Net cash used in investing
activities||||(369,782)|(1,723,568)|
|Cash flows from financing
activities||||||
|Cash inflows from new borrowing|||||1,147,125|
|Repayments
ofborrowing||||(326,437)|(311,951)|
|Interest paid||||(194,836)|(134,349)|
|Net cash (used in)/provided
by financing||activities||(521,273)|700,825|
|Change
in cash and cash equivalents|in|the year||3,032,801|388,122|
|Cash and cash equivalents
at the beginning||ofthe year||6,880,974|8,492,852|
|Cash and cash equivalents
atthe end|of|the year|23|9,913,775|6,880,974|
|The notes on pages 24to49form part ofthese financial statements||||||
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|tion
is provided
on the following|basisi||||
|---|---|---|---|---|
|Land and buildings|2%straight-line|for Urlay Nook|site||
||2%straight-line|for Langwathby|Hangar||
||10%straight-line|for Langwathby|base||
|Aircrait spare parts|no depreciation|until the parts are transferred||into use|
|Office equipment|25%straight-line||||
|Motor vehicles|25%straight-line||||
|Other fixtures and equipment|10-25%straight-line||||
|Medical equipment|20%straight-line||||
|Service aircraR|10%straight-line||||
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2023|2023|2022|
||F|||
|Donations|2,031,376|2,031,376|1,908,689|
|Legacies|4,665,306|4,665,306|3,061,800|
|Grants|199,829|199,829|205,982|
||6,896,511|6,896,511|5,176,471|
##
|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2023|2023|2022|
||5|F|
|818,844|818,844|442,670|
##
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##
|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2023|2023|2022|
|||||6|E|6|
|Lottery and|raffle|||1,115,601|1,115,601|979,132|
|Fundraising|activities|||1,209,990|1,209,990|926,042|
|Room hire|and catering|||2,516|2,516|3,870|
|||||2,328,107|2,328,107|1,909,044|
|Income from non||charitable|trading activities||||
|||||Unrestricted|Total|Total|
|||||funds|funds|funds|
|||||2023|2023|2022|
|||||9|6||
|Subsidiary|trading|income||779,031|779,031|876,721|
##
##
##
##
|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2023|2023|2022|
|||F|
|27,258|27,258|598|
##
|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2023|2022|
|||||||5||
|Profit|on|sale|oftangible|fixed|assets||7,005|
##
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##
||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2023|2023|2022|
||||||6|
|Fundraising|||338,196|338,196|333,311|
|Other direct costs|||12,462|12,462|13,858|
|Support|administration|and office costs|144,832|144,832|128,364|
|Auditors'|remuneration||3,631|3,831|2,810|
|Wages|and salaries||739,918|739,918|592,247|
|National|insurance||71,599|71,599|35,965|
|Pension|cost||24,628|24,628|15,167|
|Depreciation|||45,585|45,585|42,288|
||||1,380,851|1,380,851|1,164,010|
##
|||Unrestdicted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2022|
|||||8|
|Subsidiary|trading costs|305,926|305,926|266,727|
|Staffcosts||390,997|390,997|371,885|
|||696,923|688,923|638,612|
##
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##
|Activities|||
|---|---|---|
|undertaken|Support|Total|
|directly|costs|funds|
|2023|2023|2023|
||6|6|
|5,649,189|1,466,972|7,116,161|
|Activities|||
|---|---|---|
|undertaken|Support|Total|
|directly|costs|funds|
|2022|2022|2022|
|5|||
|5,168,505|1,422,623|6,591,128|
##
##
##
##
|||Total|Total|
|---|---|---|---|
|||funds|funds|
|||2023|2022|
|Staff costs||1,367,857|1,200,470|
|Depreciation||1,241r$34|1,234,734|
|Pilot and medical costs||621,079|630,842|
|AircraR expenses||1,783,196|1,549,619|
|Administration|and office costs|388,744|323,334|
|Other costs||246,879|129,506|
|||5,649,189|5,168,505|
##
|||Total|Total|
|---|---|---|---|
|||furlila|funds|
|||2023r|2022|
|Staff costs||864,878|879,758|
|Depreciation||136,751|126,865|
|Administration|and office costs|407,636|365,094|
|Other costs||47,016|42,476|
|Governance|costs|10,891|8,430|
|||1,466,972|1,422,623|
##
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##
|||||2023|2022|
|---|---|---|---|---|---|
|Fees payable|to the charity's|auditor and its associates|for the audit ofthe|||
|charity's
annual accounts||||14,900|11,100|
|Fees payable|to the chadity's|auditor and its associates|in respect of:|||
|The auditing|ofaccounts of|associates ofthe charity||5,700|4,275|
|Other services|||||1,750|
##
|Staff costs||||||||
|---|---|---|---|---|---|---|---|
|||||Group|Group|Charity|Charity|
|||||2023|2022|2023|2022|
|||||||8||
|Wages and|salaries|||3,069,948|2,754,963|2,710,890|2,411,631|
|Social security costs||||307,197|255,596|280,486|231,521|
|Contribution|to defined|contribution|pension|||||
|schemes||||82,532|84,933|77,304|60,455|
|||||3,459,677|3,095,492|3,068,680|2,723,607|
||||Group|Group|
|---|---|---|---|---|
||||2023|2022|
||||No.|No.|
|Management|||1|1|
|Administration|||35|37|
|Charitable|operations||39|32|
|Fundraising|and lottery - charity||11|12|
|Fundraising|and lottery - trading|company|19|19|
||||105|101|
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|Group|Group|
|---|---|
|2023|2022|
|No.|No.|
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||Software|||
|---|---|---|---|
||development|Software|Total|
||||6|
|Cost||||
|At 1 April 2022|17,903|566,139|584,042|
|Additions|211,365||211,365|
|At 31 March 2023|229,268|566,139|795,407|
|Amortisation||||
|At 1 April 2022|4,332|394,129|398,461|
|Charge for the year|18,362|90,182|108,544|
|At 31 March 2023|22,694|484,311|507,005|
|Net book value||||
|At 31 March 2023|206,574|81,828|288,402|
|At 31 March 2022|13,571|172,010|185,581|
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##
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||Listed|
|---|---|
||investments|
|Group|5|
|Cost or valuation||
|At 1 April 2022|5,087|
|Revaluations|322|
|At 31 March 2023|5,409|
|Net book value||
|At 31 March 2023|5,409|
|At 31 March 2022|5,087|
||investments|||
|---|---|---|---|
||in subsidiary|Listed||
||companies|investments|Total|
|Company|5||8|
|Cost orvaluation||||
|At 1 April 2022||5,087|5,089|
|Revaluations||322|322|
|At 31 March 2023|2|5,409|5,411|
|Net book value||||
|At 31 March 2023|2|5,409|5,411|
|At 31 March 2022|2|5,087|5,089|
##
##
##
|Stocks|||||
|---|---|---|---|---|
||Group|Group|Charity|Charity|
||2023|2022|2023|2022|
||6|F||6|
|Donation bags|19,294|1,270|||
|Items for resale|57,313|75,405|39,845|34,253|
||76,607|76,575|39,845|34,253|
##
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
|Trade debtors||230,121|21,843|160,542|7,692|
|Amounts
owed by group undertakings||||64,298|5,048|
|Other debtors||52,984|45,870|43,520|32,821|
|Prepayments|and accrued income|323,167|1,021,402|318,129|1,000,507|
|||606,272|1,089,115|586,489|1,045,068|
##
##
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##
|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2023|2022|2023|2022|
|||||F|5|||
|Bank loans (note||19)||9,747|9,507|||
|Other loans (note||19)||316,626|316,625|316,628|316,626|
|Trade creditors||||333,338|263,268|287,044|212,060|
|Amounts|owed to|group undertakings|||||19,971|
|Other taxation and social security||||86,129|78,025|78,938|72,903|
|Other creditors||||2,008|8,531|1,998|8,287|
|Accruals|and deferred income|||389,326|285,432|319,606|273,974|
|||||1,137,174|961,389|1,004,212|903,821|
|||||Group|Group|Charity|Charity|
|||||2023|2022|2023|2022|
|||||6|E|6|5|
|Deferred|income at 1 April 2022|||247,385|229,351|247,385|229,351|
|Resources deferred
during the year||||291,289|247,385|291,289|247,385|
|Amounts|released|from previous|periods|(247,385)|(229,351)|(247,385)|(229,351)|
|||||291,289|247,385|291,289|247,385|
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||Group|Group|Charity|Charity|
|---|---|---|---|---|
||2023|2022|2023|2022|
||9||K|E|
|Bank loans|30,443|40,493|||
|Otherloans|3,416,383|3,733,010|3,416,383|3,733,010|
||3,446,826|3,773,503|3,416,383|3,733,010|
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|Group||||
|---|---|---|---|
|||2023|2022|
|At the beginning|ofthe year|(11,105)|(1,268)|
|Credit/(charge)|for the year|3,888|(9,837)|
|||(7,207)|(11,105)|
|The deferred tax liability is made up as follows:|||
|---|---|---|
||Group|Group|
||2023|2022|
|Fixed asset timing differences|(7,207)|(11,142)|
|Short tenn timing differences - trading||37|
||(7,207)|(11,105)|
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|Statement of|funds|funds|||||
|---|---|---|---|---|---|---|
|Statement of|funds - current year||||||
|||||||Balance at|
||Balance at 1|||Transfers|Gains/|31 March|
||April 2022|Income|Expenditure|in/out|(Losses)|2023|
||K|K|K|K|K|K|
|Unrestricted|||||||
|funds|||||||
|General funds|6,811,711|10,070,720|(7,073,231)|(713,667)|322|9,195,855|
|Capital funds|7,883,760||(1,423,772)|713,667||7,173,655|
|Subsidiary|||||||
|reserves|500r$4|779,031|(696,832)|||582,583|
||15,295,955|10,849,751|(9,193,935)||322|16,952,093|
|Statement of|funds - prior year||||||
|||||||Balance at|
||Balance at|||Transfers|Gains/|31 March|
||1 April 2021|Income|Expenditure|in/out|(Losses)|2022|
||K||K|K||K|
|Unrestricted|||||||
|funds|||||||
|General funds|6,572,467|7,535,789|(6,351,251)|(846,580)|1,286|6,911,711|
|Capital funds|8,441,067||(1,403,887)|846,580||7,883,760|
|Subsidiary|||||||
|reserves|262,375|876,721|(638,612)|||500,484|
||15,275,909|8,412,510|(8,393,750)||1,286|15,295,955|
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|||||||Group|Group|
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
||Net income for the year (as per statement||||offinancial activities)|1,656,138|20,046|
||Adjustments|for:||||||
||Depreciation|charges||||1,337,360|1,326,865|
||Amortisation|charges||||108,544|99,245|
||Gains on investments|||||(322)|(1,286)|
||Dividends,
interests||and rents from investments|||(27,258)|(598)|
||Profit on the|sale oftangible fixed||assets|||(7,006)|
||Decrease
in|stocks||||68|16,750|
||Decrease/(increase)||in debtors|||478,945|(115,729)|
||Increase/(decrease)||in creditors|||175,545|(71,608)|
||Interest paid|||||194,836|134,349|
||Deferred tax||||||9,837|
||Net cash provided||by operating|activities||3,923,856|1,410,865|
|23.|Analysis of|cash and cash equivalents||||||
|||||||Group|Group|
|||||||2023|2022|
||||||||F|
||Cash
in hand|||||9,913,775|6,880,974|
||Total cash and cash equivalents|||||9,913,775|6,880,974|
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|Principal su|bsidiaries|bsidiaries|bsidiaries||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|The following|were subsidiary|||undertakings|ofthe charity:||||||
|Names|||||Company|Principal|activity||Class of|Holding|
||||||number||||shares||
|Great North|Air Ambulance||Service||3662874|Trading subsidiary||for|Ordinary|100'/o|
|Trading
Company||Limited||||recycling|collections||||
|Arc Medtech|Limited||||12189819|Trading subsidiary||for|Ordinary|100'/o|
|||||||royalties|ofsoftware||||
|Both ofth
ear were:|ese|subsidia|ries
a|re included
in|the consolidatio|n.
The financial
r|esults ofthe sub|sidiaries
for t|
|---|---|---|---|---|---|---|---|---|
|Names|||||Income|Expenditure|Profit for|Net assets|
||||||K|K|the year|K|
||||||||K||
|Great North||Air Ambulance||Service|742,531|676,183|66,348|288,529|
|Trading|Company||Limited||||||
|Arc Medtech||Limited|||36,500|28,712|7,788|26,492|