THE AIR AMBULANCE SERVICE 41 ANNUAL REPORT AND FINANCIAL STATEMENTS 12025 Reglstered companynumbar.. 0484S90& RegT5tered¢haritynumber=1098874
CONTENTS Annual Report Financial Statements Chairman's Statement Consolidated Statement of Financial Activities 30 Chief Executive's Statement Consolidated Balance Sheet 31 Annual Highlights 7-11 Charitable Company Balance Sheet 32 Trustee's Annual Report Consolidated Statement of Cash Flow 33-34 Independent Auditor's Report To The Members 2528) Notes to the Financial Statements 3&55 TheAtr Ambulanu S•rvl¢¢ l Annual Report 2025 Pa9•2 1
The Air Ambulance SeThice l Annual Report 2025 P•g•31
Chairman¥ Statement Chief Executive Report Trusteos, Annual Report Independent Auditors Report Financial statements CHAIRMAN'S STATEMENT A¥ Chair. l am pleased to rellecton a defined by progress resilience afidaLleep¢ommitmerttoourn)Isslon.Inthesecondyrofourthreeyear 5tratBgy.Our¢)rgarti8ationhaseontifedtOdÈmon5tratedOrftyofpUrp05e andtheabilitytodeli¥erexceptiork3llmp8¢tinanln¢wslNJlychallengin9 erw?ronmeTrt. t10$TnbelTr9andincIUS7Qryen5Vringtatebulath¢enronMentneededfOrpÈOpIet0tht1 Volunteeriry presentÈO Challen9es during the year. particularly 4rwnd Ilment and retention. In respxse. urthrtook a fundamental rthrtew ot our approaGh. ID 2026. we 11 move to a more locany enabled thatstren¢Jtbeos¢ommunityrdaoTrshfpSand provKJesmor•dirtrt$upporttoourstores arK1 fundralslr¥Jteam&Thisshirtwyll hdpliuiid3moresustalnablevolunteernetworKforth8 fvture. Every pètientde5erves worldleathrycrftical carE.whwevef anol whBrw&r It Is needed. Throughout 2025. this belief has been brought to life by our dedl¢ated staff, wolunteers and supporter& Their profe5sioThahsm. Gornpas5ioDanddete¥miDati£X)r8rt)lThtheOrMn9frrtebehlndeerythln9 weachie Strong g¢>vemartt maInS essential to our rnis5ion. In 2025. we strengthened Ouf bu5ines5 continuity worK entsnc8d our rtsk marwment proLe5 and etnbodded a more Integrated approach to quality and a59Jrance aGr05SthB organisatiorL The BDard ofTrustee5 has remained deèply engaged throughout theyear. pr(widingoversighL ch3llengeanO supporLI am grateful fortheircomrnitmentand forth$¢larlty rMI StsbllltylheybdThgtoouigovemJrK Our operatlonal teèms have conned to push boundarfe5. responthng to more requests for help an d?livÈring Trnereasingly complex Inter¥entlon& Thls yeai Sèw s1gnlncant mllestor5 Sn our neoratal and paediatric serceS. further ¢evelopment ot $oe¢iolist ¢apabiiiknes. and condnued reflnement of the equipmentanLltrainingthatUnLlerpino¢JrcljnicalexGellenGe.ThEsea¢hieutmentsretkctntstonlyiechnlcal expert15e buta ¢Jeepcommitrnenttoprowoling the bestPDssiblecare. A5 we enter the final year of eurrent 5tregy. wt do 50 WTth ¢onfider)ce. Our operatlonJl capatsility has never been strotKJBr. our culre contIne5 to mature and olegpen. our flnènclal and governance foundations are rn0 robu than Èver. We remaln ambitlous for the futurE- for Our patlents, lor cur cornmunitie5and fortheorganisatiofiare bullthngtcOher. Ananclalsustainablllty remainscentral toourlonterm 5ueces& In 2025. ourTrathngdivi5ion uDdewnt a major $trategi¢ transtormation. r¢shaping how we operate and ueatlrtg a me reslllenl efficient and scalable rncxlel forth? futur& This wort has u$ for¥ustainable gr(pwth In a landscape. On bthblfof the Board ofTrustee& l exteno n)y n¢thankstO0ur Chief ExeGutTve. Peto Wilkin$on, our staff. voluntsers ana supporter& Yr dedication and generosty make everythln9 we achieve possibl EveryMissiorye¥erylifet(wldare¥eryslepforwardIsateStrnTrtt0yoVr¢0mmltMen Togther. * wfil cortlnue to be a beacon of excpl1on¢e. hope senrtce for the comtnynlkn•$ we ère prwdto sewve. Ourfundralsln9 and Supporter ew4a9ementtsèms ha¥ecoThnuedto excel. deepenirrfJ relationships?nol stren9thenlng the connectlon bets¥een our mlsslon and the commurllties we Se We have welcomBol new partner$, expan¢Jedour reaeh and contlnued tolnnovatein howengagesupport Professor Bob Allison OurpÈopleTemèinèttTheheartof¢xJror9anisètion.Thi$year¥en9agementiewrtS5huthatouf¥¥orkFor¢e feelsin¢rgaslnglyconn¥¢ted.valu0ndprttudOftheIrktheYdo.wehave£0tlfiue(*t06nye5llftIeadersh7p The AlrAmbulance Senrtce l Annual Report 2025 Pag041
TOGETHER, OSAVE MORE LIVES 79 Th• AlrAmbulance Service l Annual Report 2025 Pag•5 |
Chairman Statement CM•f EXutIVe Report Trustees. Annual Report Independent Auditors ReFQrt Financial Statements CHIEF EXECUTIVE'S REPORT l am deli9htito bèsharin9thèoutwrttyttTheSetondyearof(rthreeYear or9ODisational strategy.ayearinwhichsornuchhasbBenaGhievedthrouyh thBhardworkandcornmitrnentofourun5tintingernployee5arKl¥tsteer 2025 saw ourengagementsuryey resultsprOaÈstrow and encouraging eviLlencethatthwork we hève b8en tlolrKJtollsten and resFond toour people is real dlfference.we have seen oureNPS ri5eto +19. pladn9 usfirmlylTh positi% a¥territory.wlth tnore¢olleaguesrecommendlngtheoryanisation s a gt plrte to wotk than noL Alongside this. our ovevall engagement Index fleetS hlgh levels of Qymnrnitrrt. widtranrj ¢¢)nne¢tlontOOur mtsslon. In 2025, our HEMSteams re5wnded to3.460 missionsacrossairand la performin9 626 hl9h-aculty Inter¥entlons. such as 83 on-seene blood transfusions and &51 pie hospltal emergency anaesthetle& Meanwhil¢ OUT NCAA ¢rewS hit a major mikstCJfie with their l.OOOth pètient transfer (luDngal56rnis$ionyear.Notably.48ofthe¥etr3nsfetsvbliseowrbespoke incubatorsy5tem.anol overall. NCAAair missionssaved nearfy2SOIKwrsof critical. life-changingtran51ttirnecompared to road traThsport. TheSere9JS7go3l Trwningfvl pro9rtssin stren9thenlrfjourcultureaTrdemployeeexperi8n¢g.whileèlso 91¥in9 us è clear platform to builol on through our ¢ondnued focus on wellbeing. reGognition. lea¢fr$hlp visibilityandlwal eligageI¢1Tr0n Our Trèdlng div1s1on sueeessftjlty a strategte transf0rrf0n of Cjur exlsting trading model giwThJ pl&fOrmfor$uthinablogrowtn.Thisin¢luae£ithelaun¢Thit4ftJ$mb8oOirtgoftTheR•tOrHl)&B1amodeI which fundamentally reshaped howour5tockfl(yw& shopsare 5UPPOrted and growthisenabled.Thisgi¥es thefoundationsfornatnaIeXpans7on.strorJerprofibilIty.an1jIMPr0dresIlKe7na¢hallen91WIetall enwronment. JrGontinuedfocusonwtrdithn9ex¢elkntpattentcarehashelpedustoreache¥ngfterlevelsofc11nlcal piactiee.ThisCombirWth0urCCtiueU¢OMitMenttoreSearchandtraIThlngplaCesuS1Naevenbetttrr posltlon to Sttve our communieS into the futur& Our fows n( 1$ on Sustèlnèblllty both financlal and emronmentsi. Weeontlnuethe processotrefinementtoensurethat we ¢an driveefflclency and improve tyjrifflpart. we are delighted wth thecommltment ofourteams of skili¢d etnployees and ¥olunteers and Iwgful f0[strat9970S9oifv4 forwèrd despite ihehor6hen¥iroThment inwhichweargope¢atin9. In 2025 the'hèpp1ness factor, of our supporters was 95% whlch ts amazlng and a testsmerlt to the hard work and commltment of our fund¥aiSin9 and Supporter experfenceteaml We 9rew Qur networks across our 9eographlcal area weleomlrt9 dlgnltarfes and communlty 9r(Air& to Our bases and wlthln the sect achlevlng a grantfrom AAU Peta Wilkinson Chief Executi¥eOfr From 2026 wtr will rnove to a tnore loBalty enableol. 'lDts on thg grourKI- Irrn9 (lirèrt supporttoour5tores.funLlraisingan4volunteer5whilestreamliningthecentralfvnthoDtotocusooinsighL standards ènd tarqeted intervention& This shlft is designed to irnpre resronsi¥enes4 Strengthen Iccal relatl¢nships.an¢J¢reateaffrt)resvstalnaL)lean¢ resilleni¥olunteernetththètcartsupportour]ong-terni Incomeand commvnityambltlons. Th• AlrAmbulane•S•rvle• l Annual Report 2025 Page61
Chalrnian Stat9ment Trustees, Annual Report Independent Audltors Report Flnancial statements Roport Clinical Excellence & Patient Care upai•1•d pdlIart i18Ortètrlwulpment ndtrèlnlr4strenohenbThJ clinfjcald•lfvoryfot trYoUTh98$t patlents major mllestonewlth NCAA600th mlsslon corr91 Parerltalongsldethelrchlld, rnlnlorclng tamlly-¢entred care OurAftqfcareSeThlc8GortUnvMItOgrtyi, u, hollsUcsups)tytto padents,tèmllf&s a•dl¢Mdon¢5follu•Angtraumath¢ trdents OPERATIONS Annual Highlights Specialist Missions & Regional Leadership Innovation, Research & Future Capability (i J Celrt¥ateLI 11)(ttb my1n0120& streamllnlng OPOf•tlonal mana9er¥rtanO Improvlng efficl&n¢y mon9• vltlcaVyfn patlentfrom SvJth8rnptori to Nvwe•tt.VilrrfJ thO¢)ntyECMO-capablvalr mbvlart••lrcr)tt In bll8h•d acomweh8nslveievi8wof1ntefflald.. colljboratlw researeh Support$d Clear Parnmeth¢sto presentresear¢h poster6atnJY¢l $emlws. ntrit*rtlng to pr8-nospltal innovation Ht)stod mvltlplo HALQsur9lcaltralnlTh)days, supportlng cr)r••MSWth high-Ity. low-oUrr•rtprot•UreS The AlrAmbulancèSor¥lc• l Annual Report 2025 Ptye71
Chairman¥ Statement Chi¢f Ex¢¢utiv•¥ R•port Trustees. Annual Report Independent Auditors Rewrt Finènclal Statements Events & Campaigns StysTheLlmlt- lssue5ralsed a7&000.the m05t suc¢ssfultrlldontodate RaisedÉ38.OOOarndwa8featured on naUonalTV Ru9byHalfMarnthon- ChèrltyPartThe¢, S0+ runners.r/.5004 walsed FUNDRAISING Annual Highlights Partnerships & Innovation Engagement & Community cke5¢)natsJiternstocieDtsserwyl>ag5 for uselnourshops Flrstbasevlslt held wltholl fl¥e HEti$ Hlghsherftts 93,540young peopleodv¢èt8d abo ourworkthehighestreachever chIed Lautt¢hefJ GtyQreenand Goyellowproducts CRMTran5f0rnon Pioje¢tl8un¢hed to 5trewthen supporterengagemert Wetook partln Doncaster Prtdeforthe 4th rrUnnIng$haV1rK4 ourworkwAth theZO.OOOatteDdees The Alr Ambulance Serylce l Annual Report 2025 Pag081
Chalfman Statement Trustee Annual Report Ind8p8ndont Au(litors Report Financial Statements Report Operational Transformation & Infrastructure opedan operatlon•1160d thfyCh8&rNeld Hub, streTrythenlng dlstflbuttoncawblllty 09r•8sed PbY)th• n•xttrat•9lchubloCbCn 21 aDsedahlgh-eOtstwai•houu t•¢llltylnrryons•to chawng mark•t¢ondlt10ft6for rag t¢xdhs ? Stren9thwed Ile¢Lt¥anssy)rt èn¢J klstkB ncethrou9h nwrol85, pollcleyartd TRADING Annual Highlights Commercial Performance & Margin Focus Digital & Online Capability Laun¢W afvltylnknJBeorAlrb•¢)pw•Yoft Galnedfunct)ntydn•jtta. rnargln andbRnd 8vlkStrongerlJndOoth$tof1¥[vffjdl9l[al ' gfo%¥thand pertormancln*... , goodsltolmprrnefftuerwond ryollts ThoAlr AMtlanCe SonAc• l Annual Report 2025 P•g•91
Chairman statèment Chlef Executive Report Trustee Annual Report Independent Auditors Report Financial Statements Leadership & Talent Development Laun¢heo the People Partner Model. pro(119 closw. talloredwpportforleadersaDdt8am$ 19colleagues joineclthoAspirin9 Leaders Programme, preparing fortheirflr¥t leadershlprole5 Inspsredthenextgeneratlonthrough School sltsandcareers fol[3. ral$lng awarenessof rworkaThdcbreeropportunities PEOPLE Annual Highlights Accessible People Services & Ways of Working Volunteering & Community Connection iauneheda nthy People Informètton Huty making peopleinformatson andSenrf5 more ¢¢¢¥$iTr)leanU user-friendty • Cwteda'bwtson tOnd"vOlunt8Orfn9 ¥trategyallgned tolong4érm Incomeand ¢ommvnityamblttons strearnlined recruitment 5ySternsand processes, iMprong theexperiencefor candidatesond hiring manageTS RantheSecondVoluntn9Gtyrnerl, Survey.Identlfylngtwok6yfo¢us areas Employabllityand svpporttorvoiuntws-.:: Volunteerexperfenca. Detworksand ¢orffftmlty Ildln9 Invested Intechnoicoy tosupportfuts effidenclesandeost san9& TheAlrAmbulanee SenAce | Annual Report 2025 Page 10 I •••
Chalrman Statement Chl•t Executlv Trustee Annual Report Financlal Ststements Audttors ReF Risk, Assurance& Control Impl•ment•d the R15k Manog•montènd Assurar¢e Str•togy•crou•lllewJlsof theorgJnlsatlon Introdu¢•dtho Board Agwrbnce Framework lono8ldgCorpor4teand Operatlonal Rlsk Registers -1 Launched a¢•ntral I100n1 an<1 Rl$kMawement I System.stMn9iMningowYslqht4nd or9an15attonal lfyamln9 QUALITY& GOVERNANCE Annual Highlights Resilience & Business Continuity (I Health, Safety & Environmental Assurance an rail proP•rtSe4 wlthext•malpwr•vlv ' fromNorthampton Flro& Reacu•9wvl¢• polkie a$53nd t1rSSImPart5st$$mts R11 manual handlln9 proc•wstorFI••( aTrd Lo4stksddversto reduva4gYUabltrlnJurt08 UndertOQkthe¢ygaTrlsationSfir5t 8CMSd•¥tt •x•rci5e. va)repartdr5arJ rB5PW• I Collated organlsatlon-wI¢J•L1ato tOl¢Ulate j thB¢hartty¥¢arbonfootprfnt. eBt•bllihlnga basellneforfuture rtductlon plannlno Th• AlrAmbulance SeNice l Annual Report 2025
Chalrman's ststement Chief Executive¥ Report Independent Auditors Report Financial Statements Annual Report ANNUAL R RT The trustees are please4 to wesent thelr annual report t(tyher with the ¢oAtsolldated Nnanclal stètements of the cnarity ond Its
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Ydanceth the Financial Reporting stsDdardappll¢ablein the UK and Rewb1fcofllaAdlFRs1O2). LEGALANDADMINISTRATION INFORMATION Invostm•fttMa•agr CCLA SenatorHouse 85Queen V1ctorfa Street London EC4V4ET BlueSkTesH<wse B1?[$ Leap Rugby c1c¥eu.LlLp 4th Aoor, StJèmesH<wse StJame¥Sovaro chtenharn GL503PR arclay5 Banklic Cazenovecapltal l Lonuon Wall Place LonLlon EC275AU iE87 20B CV213RQ The AlrAmbulance Senrfce l Annual Report 2025 Page 121
Chairman's Statement
Chief Executive's Report
Trustees' Annual Report
STRUCTURE, GOVERNANCE AND MANAGEMENT
Principal Activities
The principal activities of The Air Ambulance Service {"TAAS") are the relief of sickness and injury and the protection of human life, principally (but not exclusively), by the provision of an air ambulance service.
Statement of public benefit
The trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have regard to the Charity Commission's general guidance on public benefit, "Charities and Public Benefit".
The Air Ambulance Services' charitable objects are stated within its memorandum and articles of association and as such the trustees ensure that the charity's activities are carried out for the public benefit through its strategic priorities. This is done primarily through the delivery of services by the provision of emergency and children's air ambulance services which are provided at no cost to the patient(s). This report allows us to show how our charitable funds are spent and the impact and benefit that this has on those requiring our services, as well as the wider impact on the communities we operate in.
Our fundraising standards
As a charity reliant on voluntary income we take an active and responsible approach to our fundraising . Our fundraising activity is carefully planned and all supporter data on our fundraising database is governed by strict consent, unsubscribe and complaints processes. Oversight of these processes is carried out by an internal Data Protection Officer, ensuring we are kept up to date with new legislation as well as supporter feedback.
We are registered with the Fundraising Regulator and follow the Code of Fundraising Practice. We are also registered with the Fundraising Preference Service, which allows supporters to 'opt out' of receiving communications from us. We received 59 FPS requests in the year (2025).
We have not had any complaint cases during 2025 which have resulted in involvement from The Fundraising Regulator. The majority of our fundraising activity is carried out by staff directly employed by The Air Ambulance Service, while we also work with a few carefully selected professional partnerships to support our work, such as promotion of the lottery.
The Air Ambulance Service I Annual Report 2025
Independent Financial Auditors Report Statements
Page13 I
Ch•lrman Statement Chlef ExUti% Report Independent Auditors Report Financial Statements Annual Report chNIty li a )mTrY Ilmlted by gvarant•• (rryistration number- 048469051, •n¢ a& Such ho¥ no share pltsl. The company is go¥erned tylts memor0m and ArtKl85 ofA89ratI0n whsch r• last updated in N¢w•ml)w2019.Trlkitsilityolthonwmbersof tM¢ompany,as5et wtin th• MemorandumolAsgocfation,ts hmlttdto£l member. o•rdof Try•t••s M•S8aurn)nn Mw T BoAdl (re51wJ2 Dww20261 MIJ CR Tot Mi A FrJdg1 Mr&JWolmsl Ms RGr•nt Iro919Thed14 No¥emotr202$1 MrPWells CRfftAL CARE RAMEDIC C¢thwny S•cr•tary Mr8PWlln¥ Th•AlrAmlJulance Serylc• l Annual Report 2025 Pd9• 141
Chalmian ststem¢nt Chlef Executlve Report Independent Audltors Report Flnan¢ial Statements Annual Roport K•y Managern•nt P•rsonn81: S••lorM•nag•Ment¥MQtTh&AlAMt)ttSew¥•ftbtsYattr••KE MrnpWhlklrth CEO MrRCl•yt•n COO MvsLGunty CFO M0VoUr (rectorotlncomeGeDerotk Mr¢ gallty A5SOUiateCre<ov of operat Mrm RMnA Dlrectorof TrwJiThJ Mrc Wl¢Xt AssoGlateLreLor Of IT Dr. MWy•• M•dl¢al Thrector Truot•• •nd Dlr•etorlndurtloD andtralnlng Trv$teO9 are Inducted to the or9onlsatlon on appolrltThnE and Jre •••pwopSat& As pJrtd¢y)wlr trolnlng. tru$t••s havere¢dv•(I fomwlcharftylJwupd•tK•tt•9lcll•loMdpeSt1TrTqIulto operat1onal f•qulwm¢nts durln4 theyear. Oryan18atlon•l8tru¢tur• AirAmbulc consioers mart•rsof nnanc•èThY IT. for both thecharlty andtheTrathDg &)rnpy, Auctit skSU committeethl¢h¢onsldernmitt•r8Ot9rnar.al1t&nd rtsk managtnrtThesecommTtteerrthr•e eks prfor tc tm 8oarf¥ so that the mmIttee rAn repcrt the dlswsslons arKI xtlons arising Irom t1r meBting. There are alio aodltlonbl commrttees Trn con$fjo•r m•tt•raof. opwati¢y)4 matketfngaD people.whl¢h pdeadIOI r•portlng wocesses The Trustees are r8gponslble for th8 control and autTh¢)rf8• all m)lor traDsathOfftS (rf the charitats company Its subsldfjari$. Day-ttrday xtiwitses aty Chlef ExeDAive arK t Senior Mana9ementTeam¢)tha d•l•gatedbasl& TheAtrAmlanCfj Sw¥l¢e l Annual Report 2025 Pageis I
Chairmèn¥ Statement Chief Executive Report Trustee Annual Report Independent Audltors Report Financial Statements Payptsllcyforsanlorstaff RetnuntrationCommittee¢on¥iJetspayandothe¢beneNt$forseniorstaffandmakesrecommendationsto theBoardofTrusteesforapproval.ThesenfjormanagemÈntteamcomprtsethekeyrnènagernentpersonnel oftheCharityiDcharyeofdireGtiDg.running8ndoporaknngtheCharityonadty-ttrdaybasl&Wesetsalaries In11newith ourqeneral pay policy principle5to be competitive with similarrole$ ¢tyhmensuratewlth the scope of the Indlvidual'5 responsibilitie5 and endS of the}0 Bohr1g se(knr and locatlon spec111etoeach role wherewerpos5ible. (rprimaryrSei5 heah¢areandWeWlIIeadtheWay7n0UrchQsen fieldsOfoperaQnin trèuma and medtcalemerqencie5waour HEMS s¥tvitesandlnthelnnovatlonand de¥elopment tsfthe unlque crftlcal IranSfand trievalSenCethat1sThe NationalChiiaren'sAlrAmbulance. Ho%vever.ourrea¢h 9oesmueh lurthÈrin triMpaCtonSocIety. Wearea 5ignificant¢mployerandcontrTrbutortoourloca1 economies'.v4e re asocially rosp¢n$lbleorganlsationthat ¥aluesthevery¢ommunidesthat support us. Ourexperti$elg made available to smaller ¢harttlÈ4 toeduebtion estsbli5hment5 and to organlsatlons with similar goal& weCaaboUt0urenr0nIlVltOAa MuStuseourabblleEtochag&spe0r¢haI1en9ethevoluntary sectorasa wholeftxgenuinepublicb¢nefiL R1skManag8ment Arobustrfskmana9ementandgovernanceprocessisinplxein re5pectofchnicalowrations.tomeetthe regulatoryrequlrement50ftheCareQualStyCommT5sion fundarnentalstsndar<15an(Jkeylineofenquiry.In addldon. a wlder organlsatlon focussed Rlsk Man4ement prc¢ess is in placeand Is monitored regul) bythe Executive LeadBrshipTpam. Senior ManagetnentTEatn and Board. Wearean4ww15atbonthatengeryJernpr¥Jeand purposeln eyerylnthvldual a&Slated wittt us. Inlinewith bÈ$tpra¢tr¢eandthÈrequirtment$oftTheChoritiÈSSORPIFRS102).theTruSteeshaNeheWed all tnalor potenyal ri8kstorthe¢harityand t4ktD 4ppropriattlieawr¢sto mittgatettsirlmprt ObiectivesAnd Actiwiies The objects of the charttoble company have not changed and are as stated earlier uTrder the Principal ActlTriltles.The actItle50f the Charttableeompanycontlnuetobe.. The delivery of Helicoptef Emergency Modical Serwces (HEMS). a traum6 SWICO respoting to roadaccidents.fansofrnany kind5. medical ernergenCie&injuriesreceikInr£rrm?(BOnd many other scenari05. These senrice5 are based in Warwick5hiro Northarnpt0D5hl trWire. Leicester5hlreand Rutland. The Dellvery of The Natlonal Chlklrers'sAlr Ambulance, a hospltal-to-hospital p3ediJtric nwnatsl transfer servlce. Thls Is è natlonal seThke ènd In¥ofve5 alsOn w6th ¢rftlcal c)re hospltals and paedlatrle retrieval teamsaerOSS En9lènd. Oui work rnak8s a diffeTtn¢tto p8oplé. to ¢OtnrnunfjY8s and to Swety a whol& Our resp¢nslblNty bs tsr reaGhin9. The obwous impact Is on li. improwng Glinical ar ai)tsto rfyltt qu?cklyand efficiently to ernerg2ncies but ourinfluenceisa150ableto chavenge. an¢when neceysary.try tochanqeGoverTrmentpolicie50n health,"weareabletoinnovateiDclinicalcare.callengetheboun(tsries that often exlst In staterun Sel¢e$and Invest heatyIn the dt¥ntor1hepecP7eh0delfverthat ¢are. Thè AlrAmbulaneèSar¥le• l Annual Report 2025 Page 16 |
Chalrman Statement Chlef Executive¥ Report Independent Auditors Report Financlal Statements Annual R¢port STRATEGIC REPORT ACHIEVEMÉNTSANO PERFORMANCE H•Mcoptsr Em•rg•ney M•dlcal servic IHEMS)and Cllnl¢al Oporthwl R•wt opwkwlavallablllty 24 hoursa dty. 365rJaysayw. dUngpeACo1bO1h•dU7do0V8th1uIedrn?Int1otQhIlmary•ITv•flThtstI0&1M1lIIw¢• ensured that ¢Jur Ill•s•thn9alroor4ttonsremèined unfjnt•rrupi•¢, rnilThtslnlng n-sleeaval1Ob1l1ty4er the>èr. Inaddltlontorecrulyn9nwd¢XtorsJndsUPPOrtkn9theWe5tMldIX1$Q••1Ihte1pHEM{p1H04>II Emergency Medlclnel Tralnln9 Pragyamme. TAAS alw Implemented 4 htrJunSor PHEM Fel pr(wmm•to complementlt$exlstlng Stnlor PHEM Fellow prograrnme. Thls newwogr•mmewllloffera uDi¢4utrOpptyrllty for junior dg¢totS to 9aln surSe eApe¥lenGe in tr dollvwy Jthfan¢4d pre-hospitsl cwitKal ur• wlth (TAASI. The Fen¢x¥vAII und•rtak•supthsed praGticewitb8xw1•n¢edcrfy¢4ICarnParantssand andattend educa0 nand¢hl1CJ r¥SrghtwA t11•¥b TAA& OpBr4ttonèlc¢Y4erremaltyetl¢w0lJtenttyrrtthr(t2O2rjvlvth1Ipl0d.TAAswyxlItrkn71n collaboratH)n wlth ItsalicrartQftydthrtohJrtheroptimis•daylbtylt utfitJ•t)Thteitties¥JeO1Vw80ts1bd extended summw hour& Undor th1$ trlal. aircraft oper•tfy 12 thffts JJrwto Awil •x1 ad¥ancernents4¢rOSS TAAS'Cllnl1opOrltI0n& Ao)tnw¢henslbe revkn ol•ll medlcal kttarKIMthryneTrtwa$ completed.leadjngtoa mwnlngful réu¢tIoninthe7qt¢aTrf0d tyc1lDrt8wh@nrespOnthngto70en Apartofth15worK pieth•ifk•ndneOnotalwulpmtwaSaI&ow1dandtnh0nsrrenqrhenIng8tsnrfc¢ delivtryandfurtherlm(¥oTrqth¢quJlYofCartw0y1dedtoVuNpr pbtlent& TAAS remained commltted to f06t•dn9 cOabOratiVe leamlng acrom fi•19hbwrkng workiTrJ cl¢x•ty Ith other Griti¢al ¢are provldar$ Ind organlsatlon& TAAS hosted • rl•s of sur9KJI tialnlrwJ ¢tys I0Jg? on h1gh-acuity. low-oc¢urrence IHALOI proceduresthat ¢rith¢al care team moy encounter in thefldd These $88$lonswere condu¢t&lln partnerJhlpw1thCo4tryU1¥.%¥ho5vathYo4d fxfiftie5ha¥esg)lfitantty Onar$dtherea1[$m1ndId•l1tyQfthIBThtrOIhIng$eenwIweTwUkYknt0p1r•cWCAWsIrEl1wthS tocovtntry UnIver5Y fv)rth•v8•olth•lrathan¢od ralitIE Th• AlrAmbulance Servlc• l Annual Report 202S Pag0 171
Chairman's
Statement
Chief Executive
Report
Independent
Auditors Report
Financial
Statements
Annual Rgp(xt
Continuing TAAS, cornmitment to hi9h-tidelity trainiruwo at0rea two fithY,Stattrof-thtrartmènikin5
tosupport HALO pr0ceolureeolucation.ThB5ei1V(lea ¥econd U$¢[tatithtststotOMyan1kffiand a
resuscitati¥ehy5terotomymanikin.thelatterspecTfiGallydesignedforobstetrictmtrgtn¢ytraifbing.These
additlonsfurthe¢enhanceTAAS'ab111tytodell¥errealistlc. hands-onlearniw experienGesforcriticalcar8
t$am& ThlscommltmÈntwasfurtherenhènced by thelntrcéuctionofa new r0letlinicalTrainingoif8
whois plvotal Sn dellverfngtheeducatlon pro9rèmmeaerosstheellnical team.
rwewanol refino EMAS'thspch pollcy. ThiscolLib)rati¥e worK undertaken wlth EMAS dispatch teaffl$
and regi0nolprelw)spital(xitl¢al¢a prderIalMjtoensurethtlIi$polChpr0cesSeS remainefficienL
re5rs7¥4 and¢linicallyappropriate.
In parAllel. TAAS eontrfbuted to the recruitfflBnt process for the Enhanced Critrcal Care De$L Thls
Inl¥ement torn part of a wider elfort to increax WThe$S of pie h05Pital critical care acro$$ the
regionandto highM¢Jhtthevltsl roleTAAS playsin<khvering a
Chairman's Statement Chief Executlve¥ Report Independent Avditols Rewrt Financial Statements Annual Rep¢xt NATIONAL CHILDREN'S AIR AMBULANCE OPERATIONAL REPORT TAAS have worked w¥th SItsa Hdlcopters LIMell In 2025. operatlng tv AgUStaWe5tland 169 IAIM691 hel)eA)pt This inclu¢Jed full and c¢>mplefjon of medlcal Intertor upgrades to both air¢rafL prOdIrv4 a be¥K4keinteriorfor£liDician5to proyi(outstsndlng ¢argto podentsdurfngtran¥fer$. In 202S NCAA completed 157crftk41 m1551ons acrossthe country wpporting 11 NHS paediatriognd ngotsatsl sperialist transskt teams In their lrfesavlng worL NCAA ha5 completed 1.241 mi$$ions sirt¢e serw¢os On the Jst Mar¢h 2025. wr G-NICV htheopter Completed the T,OOOth pattent transfer. Transferrlng a chlld fTOrn Leicester Royal Infirmary to NewcastlE Fmart Hospltsl th COMET [ChIldTh Medleal Emergency TranwrtTeam). Theioumeyfrotn Leicesterto Nfwcastltttsokjv$t Ihr 12mins by air ¢ompa¢¢ to 4hrs 5mlns tryroad, precloustlmelorthe pthTrL l)JrlOOthmiwonoftheyearwascompletedonthe22ndAuqust2025.transferringapatientfromSouthampton General H05Pital to Newcastle FMaTh Ho¥pltsl th the $pectallst Extra Corporeal Membrane Oxygenation (ECMOlteam. Thetran5ferwastirneGribcalasth8 poyont W6son8Xtra¢orptsreèlllfe support.Thelou¥neyfrom SouthamptontoNewGistletwk jwtlhr57mins Wairwtnpar8¢toalen9thy6hts30min$byroad,èSi9nlNcant timSaTh9 fow the tlefiL Intotsl N¢AAsala1aI 0fo¥r248hrsfcroursmaMestrrtTrlNr6blOpants¢Mpardttsroadlransfer, arKlatotslof ow646hrsof NHSellnlcfan tIMeLparedto road transfer. Of the IS7 missions completed. /48 used the bespoke Ineubator Systems in transfers. Since launching thotso IneubatorsinDecember2ts22.tlycontinugtornakoaprofounddlfferencelnlmprovingneonatalcare.enabliDg NCAA to safely transrtht the most yulnerable babies to whgr¢ they need to be. NCAA is the first ond only hghcoptsrwcY4krln En9LindtosupporttheNHSwtha helicopter¢srtili¢dlneubatoi trènsport wem. 2025 also sjw a $i9nili¢ant achIeient wlth the 500th mi55ion milesttsne tsf ¢•rrng a parent C>nboard- tng(emInder0fhowt¢hOrityvè1Ue$the¥ta7b0nd btheenfarniliesaDolthBir¢hildren.8spe¢lallydurfng challetIme& Th•AlrAmbulance Service l Annual Report 2025 Page19 |
Chairman's statement Chief Executive's ReFKprt Independent Audltors Report Financlal Statements Anntsal Rep¢xt FINANCIAL REVIEW Flnon¢lal Posltlaft We receive no go¥ernmerit support. We rety 5018ly on donatKsn& lega¢ie& gwi¥tyshlp. fUnd¢aln9 event9andourretalloperation5.webehevethisenablesustoerTethatweputtreIts0ttrFTratNt topof ourentlredec191on rnaklThg. We flnlsh the year In a strong and better than antlcipated Fosition. fOow)ng the impact of wwjer rrk3tket pressures asseen ro$S the vlholecharttysector. The£2.2m proft accuratety refieGts the impactolourthreo yearstrategicplan, ènd bolstersourfeser¥esto help sUppOrtthestratodeVel0pMet tha tStocome. Forlneome,we benefitted froman1ncredlble responselrom OuiSUPPOrters.enabllngustOgenerateatota1£38 million In¢omefoftheyeor.Thi$i$an in¢rtaofÉl.8mthgnili¢antydrfventsyanln¢reèseofE28mWues a step dc¥wn in retail income of .4rn due to a focus on increased profrtabiltty. EMperKliturFde¢Tead In th& year by É1.8m whichwassigDificaDtly<Jriven byGOStreduGtiODSaCTOSS FunolTaising?nol Tr•Ji Investment?ncomedecreasedby£O.2monthebackoflowerinterestratesèndreducedreturnonourin¥e5tments OurlnvestmentEortfolloisheldfoithemediumtolongtermandc4JrFinanttandlnvestmentCommitteeapprove thestrate9y and parameters Surrounrjing thelnvestmentof Surplus fund&Thlseommittee ts also responbIe loragree1 theuse of onyinvestmtrnt ¥ohi¢l$ ¢on$i¢ered to be of mtuium to high risk weareccfientthatTheAIT AmtsJlanceServiGerernaiThsa financialty 5tableorganisatsonand thatWeawe POSitioned tooperateaseffectivdya5 possible. The sustalnability of our income allows vs to eopewlth Increè51ng e05ts, secure the 5tabSlltyof the¢hawity mon9 towards Ourreser¥es pollcyand as always. ioensure the maxlmisadon of funds raised In theOperaOn and runnlng ofthe Heli¢opter Emergen¢y Meth¢al S¢t3 and The National ¢hlldreh¥AlrAmbulanc& R88erv88 pomcy TheChar1ty13holdlng9month$operadonalc¢)st4whlcha¢approxlmat¢ty£13mllllorLAsatSlDecember2025 the Charity held unwtri¢te(I t $tr¢S ot£14million. duetothetstherf24m 0fr resetvesdwgnatedto Support our strateglc aim&Thi5 prowde5US Wrththe neGessary fall-back p05itiop to maintsin ouropprational capabilitiesin periods of dowrturnand Invest in new equipmen¢ infrastructureand prcryisionfor airbaseasit becomesavèllable. TheAlrAmbulance Senrtce | Annual Report 2025 Page 20 1
Chalrman's Statement Chief Executive Report Twste Annual Report Independerit Auditors Report Financial Statements rhefinancial 5tsternBnts ha been prtparBd ona going ¢oncÈrn baSiSaSthÈtruSteescongiderthatade4uate reSerCOntInUe to beavailableto lunLlthEaGtivitie5 orthecharity and9roup fortheforB58eablefuture and bell no merfal uncertalntles exisL The budgeteLI income anLI eMpwLliture is sufficient wth the level of reser%sforthechar6tyto beabletocoThtinueasa 90ing concern. Str¢amlln¢d Energyandcathn Reportlng {SECR) TheCharftablegroUplsrepongen8ryyaollCarb0n87$5n$lncQrnplnGeWIthCQMp878&steeSepOrtI and Ener9yand Cart)n Report Regulatlons2019. Comparati¥eSECAfigureshweben r811&¢d inth¢urrentyeartoallgnvAthanttpdatedènd more robust methcrfjologyleaoling t01mproOr¢rynUwnWSterWofthE di$ck>¥urtsS. Energyec>nsumpiion usea iocalculate emissioDs Ikwhl 2.254,109 2,580.737 Gasconsumption nlTranspOrt Purthasedelectrfclty 59.73 53.28 273.54 35&85 203.08 214.82 &3&3S 623.95 Btssfnesstra¥el InemploYeWrdVehlcIe${greY IbBBtldi10501uNtsrilY 28.00 Theorganisationoperate5airarnbubnceseNcBSWO a ¢Ontroctrd aaon Frfoderundera managed serwce ag¥eemenL Aireraft bjel combustion emis5Trons are urKier the 0ratIonal control of theavlatlon provlde¥ and aretherefoeclUdedtrOM theieporting requirernenL Thethosen inten5ityrnea5urem8rt ratioi5ttytslgrosS ÈmlsslDnsln C02eperno.ofemployee5. Financlal In8twm8nts The¢Firitytoes notucomplex financial instrurnts a5 Partof itsfinancial ri9kmèna9ement. Itls expose(I totheusual ¢redit rfskandcash Ilowriskènd mantye5thistbrough¢rJit¢Ofitrol pro¢edure& Thetrustee5 do DOtC005i(leranyothW riskgattaehln9tothe useof financlèl instrumentsto betnaten4lttsangssessment ol Its financial p05itson of pertortnan¢e.TheCompanles{MisCeaneous Rep)rknngl Regulations 2018 reouires large cOmnIeSt01nC1uE1JetsiI in thBirantwal r8ptytdescrlblng howtheTrustees ha¥e had regarilto matt8rs¥8t Iyrtin seetlon 172 0}oltheCompaniesAct2006.ThB TTU$teesstatementls setout below. The AirAmbuTanceSeThlce l Annual Rer>ort 2025 Pag0 21 1
Chalmi•n ststèment Chief Executi4 Report 1ndepftt Audftots Roport Financial ststements TheiruStW5ha¥ea¢t11nthewtywhkhthtyconsider.iTr•xKll•thgxllls1xo1th0ttrlty1• Tl t)wrlty has acr55 to and nI5 the fundj kn¢j for The N•tIty1 Chlldren¥ Alr Ambulance Servic¢lotttry.Thesefundsare heldiDa separatebankaccountfrom thfunds ofthe chartty.TheCharfty reg15tefeO wlth theGambllrv4 c0fflm155fj( to tvn thlslottery th day-ldaY operat1ons btlng under t£jr07 olathirf P•ty. Fth1sare releJE•d tothoCh•rfty In xeordonc•wlth •¢counts Gubmittod by thethird pmty. {aIrst othermotterk. Wlth a hlghly eommfft•d 4Y•dk•r•d the chaiitable grvup t•k¢s Pr In IIEtening Pbln¢lpal Rl8k8and Un¢ertainties Th• 804rd and Joint Leaderthp Team ha¥e estatsllshed a Bojrd Assurance Framework whlch Identlfies tho rrnI Stwateglc Risks and ¥JhTr¢h is revlth¥ed at all monthly EX¢1}}• LdershIp T•am meeiings J4uartwty Jolnt LeadershipT8am. Btsarfj and Tw5tee Mn9 Eèch PdrKlpal Rlsk IB man&g611 Dy the •pprotytste¢thnmltteeandoveranawtsrt(Isw¢yQdtoth•AU(I1t •nd Rl Commltte•. We hove a wcess In placewhereby tyP$Ot rac•d ty theCh•rtty ha¥• be•n Consider ••tothoIrwoba1ttY) measuresand Strat•8 haw documart•d and Impl•rrnted to ••lAththethntffiBd rt8kSty) DOthanlndWualandovan WSAII •¢t1#T+aw11Dth•cÈ•xt olthe• rfsksanda sumrnarisedviwi Dttl¢harttys rbk3are shown b•low. operafjon t relatlonhlpwlthth•communlty A è charfty. publ1¢ n•t l• at thv hOOrt of all we do. The Chlef Executlveb report tcwhqr wlth th• Oblethves&Actlwltlei and Achlevernonts& Perftyft¥ficege¢tionoftheTrustees'Annual R•portgl¥•8lull detèllsotth¢lmpa¢tclouroyratlons. M•lntsinlng a r•putatlonlor hlgh •tandèrds Asè fundralsln9eharlty, we are compllant wlth tho Coabof cdct bssued tytheFundratslnq R•4ul•tor and takg ¢Ur rè$pon91b111lles for exemplarycllni¢al cart ¥try wSws)y. Furttr d1 caft befjnd IntrM¥ ryinl¢al and 0raOal Rewrt IncludedwthiD tTrustee¥.rL The r'sk Is tnat ¥ve don't nave we hèvea robv5t bud9etlng process. alongsi(Je qLrIe[l¥ loiecasiino resere3 npld. iegeives rx)Iltyand KPlsallgDed to¥tr•t•9y. W•alsou5e this priwlnourTradlry 5vbsIdl•ry.w•hae Ourpaople thjrtng 202S, Y•mployed 422 mernkn ol •tèlland ft I$ty thrrwh the corri effortolowt ncouro90S th8 in¥ol¥emoni d ampl¢•5 mean5 01 rewlar emKe meetirs and ew>3•rnnt in 4Jec151on maklrHJ pro¢•ws ih•t Impact on them dIreCt Further ¢Jetsi15 th•ct bomd mertlNJ$•n¢external organ15atSoh& re¥lvAfofstratW¢ KH&StanTrJlnln inve#in system4 peopl•.uplt•l asset Th•rkl$thotwelknnht Werogui4rty oui performanond relatbn toa pers¢nnel MattlGILmJh19'. . rt9klsth0ttalwtlsl1f1rx Rttrultmen¢appralsJl andtr•lnlng proc•sae . ¥dufit¥arnnotattrxted. foTstsffaTrregularfy reeWQd.w• b•n¢hIk ourpayand benefitsacro$$the8•Ctor. comp8tSty¥vmarkeL poliLlfaj7nhne¥wlth tm E1<t201o (A) At5202& TheAlrAmlwlance Servlce l Annual Report 2025 Pag•221
ChalTman Statement Chlef Executive'5 Report Independent Auditors Report Flnancial Ststements Annual Rep(¥t VItsT puipose The n5kiS thèiour othce lin95 and airbases aTe erther nol Alternative tlITe&e7rt9 SOJrced to ensur Iot)gevlty of $eVce dehvery. Pl•n•FgrTh• Fuiur• Ml8lon •ndCor•Values. OurVIth l•that wè wJTht¢hlklrsn to gfcfw IntoathJli8 •dltIt0110 kn)98T. ffokkng ber¢OtrM1h trauma rire. OurMl••l0NSt•t•m•ntuf iapidTe8ponseseThlce5Wowtlrdesgtytou¥ellsarnlaNiatenandx$tt0rt where¥eranJwhone¥er ne¢ded"i5 refiKtBd in out¢¢¥01u•Thth¢hIlCnpss1o.CQIYCrnatl A$ an or9anlbatbon we ar8 ¢lea¢on three thing4 our kn•t• alm (Th•14Th8k)Th). thelmpact we mM S(thy (The Ml8slonl •nd the way wo ty) about achIerj wow (The E4fflf Indv4fj kn •Wy part 0fthèw1ènlII0r holdsthesethwthlrv4sileaitothwK frLburnknIx•knwJ*alElhN0l0Y4 . roI¥l0rkl 0rganisadonblexcal1CélIh•ff0Ctivegfftrn•rquamtyIhd1thIl•1ts¥c . IrInme.. Grow. inno¥ateanddl¥w•ltyourlnccwMsiwms.wlthadlbwrt••nOwg•gqd wpportwbasE A detalled stratoglc plan exllts b•hlnd &ich SVPK#Yt•d ty whkh •r• rn0nltoI trty the l&adèrshlpteom 8o•r+y. ThgAlrAmlJulane• S•r¥lc• l Annual Report 2025 Page 231
Chairmaft's Statern$nt Chlef ExecLrtive Rewrt Ient Audlttrs Report Firbanclal Statements The TTre•S {thO * ak4) lectrIrS of Tho Alr $Ice lor the pUrrAe5 of company lawl ar• 1•w¥Ile for plty) Tftws' Annual R•port Ind6r¥I the StrntO91¢ Report aTht the ffnan¢lèl ¢rynpany twthtes the tnjstees to pwrt fln•nd•l •tatsm•nt8 for ••ch financial year which olv6 a true •nd falr Trhew of the stste of affalrs of the charttable eomwrly and the group and of the Incomlng resour8 and applicatroTr of resources. incluthry Income and eMP•rtaltur•, of the chirttable 9roup frjr that perfC. In parfn9thesefinancial ststsmfjhtthet¥uStee5aierequl0IQ.' . $¢1 wirablexcountiw poli¢18¥ar%Ith•napplythn¢$lfont, . ODser¥ethemetlKwJ5and principl inth¢CharY(le5 SORP 20191FRSI02)," Mak•lud9mentsaThe5Dmatesth•tarnra90nableané prudon¢' . ststwtsrèppl1eabUKAaCOunbw$tsnhrdhO¥ebOOnlO1lra.SutyJ•CttOaTrymètenaldOPartu dlscloS•Llandexplained in thefinaTrcial ststl% an . Prepare thetinar7a1 Statements onthe 901ng c<KKern ba towesurne that PILOT thOlyCWP hee fortskirrfj rw5ry¥bl• xt•w the prevwtlon •nd <ttiOn0[traUll and otherlrr•JuItTr8trUSteesbte[eslbfVrtherNiNtrèndlnlryrttythe¢Op0rateandfian¢IaT Inlormakn InCl¢j on tts charitsble company¥ LO810t10 Ir the Unltad Klnodom 9(rn1Th3 the ¢nwatitinand di5serniThJtyOnt>ffinèaI statements Irtter1t0mIIsIbf0nIn0the jurisOi¢tion 4¢ sof¥0•01Tru5to5l5wrnatth9th1srnwtl4p•Y.. . Thw•1•1Wtwd1t1ThfOrmknn ofthi¢h th8tharttabl•cornpanyaudltorl$unaware,' . Th•truIthtOamstep$thOtthry0Uglrtt0hè¥t&kent0rnkothaMl•ISoWl&ofbnYre10vart audltlntormotlor44ThYto•stab115hthattheauditLwitsawarnotthatlnformatlon. Th• 8o•r(l ol Tntyt••J Trusteea, Annual Res and Stratswc R•port contalned wlthln thosÈ fin)ral 6tht•NWbtson 3rdJune2026.arI8bn8lI ot)itsbehalf ty. )f•w8obA1lIfi CBE DL CWrotTN•t• Th• Alr Ambulance Servlce l Annual ReFX*rt 2025 ag•241
Chairman's
Statement
Chlef Executlve
Report
TnJ8tee
Annual R8FMYt
Fln•n¢lal
ststements
Audltorn Rwrt
INDEPENDENT
AUDITORS REPORT
Oplnlon
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iub$ldlarylhegroup'lfortli8yearended31 Decemtr2025whkhcomprtS8lh8ConsolidatedStat•M
of Financlèl A¢tlvltles ConsolidatBd Bolanee Sheet. Chlrttatyie Company èalarKF Consolldated Bu•d OA ltr• h•W not Id•nttfbBd rnotww urwtaintleg relatlTh9 to
statementol Cash Rows and DQtestoth¥linanclal tatement$. lfi¢)udln9sigDificant acc(tiN polkle
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Ba•l•foroplnlo
h) Ooln9 sa conslder whother othei information is rDJt•rtally InconslsteDt wlth the flnanclal statements or
OurhowIobta1n•ditheèudIt0r0ther1¥¢seaPpearstQb0mltQal1y mljstated. Ilwi
Chairman's Chief Executive's Statement Report
Trustees' Annual Report
Independent Auditors Report
Financial Statements
Opinions on other matters prescribed by the Companies Act 2006
In our opinion based on the work undertaken in the course of our audit
-
The information given in the trustees' report, which includes the directors' report and the strategic report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
-
The strategic report and the directors' report included within the trustees' report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In light of the knowledge and understanding of the group and charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report included within the trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
-
Adequate accounting records have not been kept by the parent charitable company; or
-
The parent charitable company's financial statements are not in agreement with the accounting records and returns; or
-
Certain disclosures of directors' remuneration specified by law are not made; or
-
We have not received all the information and explanations we require for our audit.
Responsibilities of Trustees
As explained more fully in the Trustees' responsibilities statement set out on page 24, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the group's and parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.
The Air Ambulance Service I Annual Report 2025
Chairman's statemènt Chief Exacutive¥ ReFX)rt Trustee Annual Report Indondent Audltors Report Flnanclal Statements AuthtoVsre5ponsibli Itiesfortheauditofthefinan¢i4istatments r obSeth¥s are to obtain reè50nable assurance aL¥)ut whetherthe linancial ststement$ &$ a wholtrars fro fvom material mlsstatemÈnL whether due to fraud or error. ènd to Issue an auditor¥ report that includes our opiniorl Rea50n•ble assuran¢8 1$ a hi9h lekl of assurance, but Is not a 9uarantee thèt an audlt coTrducted In accordarKe wth ISAS IUK) wrill alwoys dete¢t ty material misstatement when It exlstk M1sstatements can arf5e rTom fraud or error arKS are con5i(lered mateTi•I if. iniliviilualty or in the aggwate. they Could reaatsnably be expectedtoinflwrKetheecorK>micdecisionsof uSÈrStakenon the bèSiSOttheseNnanclal statements. L71S oftheexteDt towhiGhtheauL17tWas consiL1ered ¢apable of detecttng iTregvlariUes. in¢ludlng fraud and rn-C(>rnp1lanCe laws and regulations are set out below. A furthEr #escription tsf our re$pon$ibilities tor theauoit of thefinèndal statementsis located onthe Financial Rewrknng Council¥ web51te at". www.frc.org.ukl aUdit0r¢Sl¥tl1t1¢&ThIs¢JeSQ1ptlonfornl$partolourauthtCrt reporL Extenttowh?ehtheaudltwaseonslderedcapabl•of d8t8Ctlng INegularltle4 Includlng fvaucl Irregulaiitie% inclvLling fraud. are inance5 ol non-coMlance ¥Ath laws and ¥egulatlon& We Identlfied and assessed the risks of material rnisstatement of thE financial atements from ifre9ularttie4 whether due to fraud oyerror. disDJssed these between ouraudtttearn rDemtJer we thort Jesigned oné performed audlt ocedures responsl¥etothose risks. includiftgobtaining authtewLleDce5ufficient and8pprDPriateto prov1d basis torouropinion. WeobtaiDedanunder5tarKhngotth1ad rewlatwfrèmeMorkswlthln wh1chthech0rftaeC0rnpayand groupoperatesf0oj5ingontl5e7aw&dTegV10t0nSthjth0vÈadireCtefteCt0nthedeterrnnatIonOf matertal amountsandths¢losuresinthefinanGial 5tatement&ThElawsarldreguladonswe¢onslderedlnthlscontextwere theComwnle5Act2006twher¥AththeCharibesSORPIFRSI02)2019.wa$O&thereqUIredcOmp1laTrce withtheselawsènd regUon&aspart0f our audit proce(lure50ntherelotedlinèncial $tstemontit¢m AKAmtsd InadditroCOnderedprOvIs10nSototherIbWsandregUIanSlhatuQn0tha04Ire¢te11ettOThthet1ftanelaI stateMent5bUtmphan¢eW1thWhIChrnkJhtbendarnenta11OtheCharFtab7eCOrnPany?anth69roup,saty11ItY to operate orto avoid a rn8terial perlty- We also eonsldered the opportunitie5 anol iDcentive5 that rnay exist wfthl¢) the chèritable company arKStlkp groupfor fraud. The law5 and regulètlonswe considered in tttis context r Genttal Data Protection Regulation IGDPRI. anti-fraud. Care Quallty Commlsslon ICWI. brfbery and corTUPtion sLatin, healthaThlsafetyiegislètion.toxation Iwslation andempltyymentleolslatlon. Aud6tingstsndartlslimitthf8ouirÈdaudttprocedurestoidentifynon-comgliancevrithth8s¢law$andregulètlon3 toeTr4ulryolth8Trustes5arJ¢)thef man¥mentd inspectk)nofreguhtoryandlegai¢orre¥potsdÈnee,Ifany. L._. The AlrAmbulance Service l Annual Rewrt 2025 Page 271
Chairman's Chief Executive's Statement Report
Trustees' Annual Report
Independent Auditors Report
Financial Statements
We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the timing of recognition of legacy income, grant income and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission, designing and performing audit procedures over grant income, designing and performing audit procedures over legacy income, and reading minutes of meetings of those charged with governance.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
GuyBiggin
Senior Statutory Auditor
For and on behalf of Crowe U.K. LLP Statutory Auditor 4th Floor St James House St James Square Cheltenham GL50 3PR
Date: 13 June 2026
The Air Ambulance Service I Annual Report 2025
Page28 I
The Alr Ambulance Servlce l Annual Report 2025 Page 29 |
Chairman's Statement Chief Executive's Report Truste Annual Report Independent Auditors Report inanelal Stètements FOR THE YEAR ENDED310ECEMBER 20 CONSOLIDATED STATEMENT OF FINANCIALACTIVITIES IIDcorporating an InwnEènd EndItuteAlXout)i) Note Reslrictea Futtdl 2025 Tota I'ooo 000 I'oo,) omefrom9eneratedfvnd8 Donatlofisdnd le9dCies Othertrading octivlbcs Investment income Toial Income Il539 51 1.024 34.114 4570 IS,109 21.551 1.024 37.684 11.572 23,069 3.570 55,902 e65tsof ra151ng fvnd5 Costs of genefètin9 voluntary incorne Commerclaltradlng ¢Peratlonsènd othereo#g 6.62S 14.392 6.625 14.392 7.449 Operaiion of Air Ambulances Totsiexpendlture NetinGome before gain5 on Investments NetgaFn onfixed assetlnvestments Translerbetween funds Netfjn¢0mtbeforgta¥aO Tayation credit Ntt movementin funds 11.498 3.238 3238 14.736 35.753 1,931 173 14.020 37,585 173 395 (6) 326 1778 49 1104 49 2.153 (1,2881 326 (1.2881 Total Funds brought forvjard at l January Totsi Funds¢arrf8Oforwardat31 (*cembeT 36.842 255 37 097 39.250 38.385 37.097 Thestatement of flnanclalathvmeslncludesallgalnsandlosses reco9nlsedlntheyear. All Ineomeand expenses aredertved from contlnuln9acUvltle The noteson pages 35to S5forn) partoftThesennar)dalstètement TheAlrAmlJulanee Senrtce l Annual Report 2025 Page 301
Chairmèn's Statement Chief Executive Report Twstee Annual Report Independent Auditors Report Flnan¢lal Statements AS AT31 DECEMBER 2025 CONSOLIDATED BALANCE SHEET COMPANYNVMBER..04845WS Note ?,312 13,410 15.722 1,848 13.237 15.085 Investment5 Stocks Debtors Cash èt bankandin hand 200 7.258 Tr892 26.OSO 0.5) 24.255 39.9 C72 39.250 5,499 18.Tr8 24,529 11.749} 22.780 37.865 17681 37.097 Creditors.. Aryv)uftt5 falling duewlthlnonewr Netcurrent a5set5 Total asset¥ les5 ¢urrtrnt liabl7e5 provlslonsforliabs1ikne5 Net assets 13 14 Unrestrleted funcls Qefieral lunds Investment rtrv6luadon reserve Des1gnated fun¢J5 Rerirte¢lfunds Total fun<J5 17 13.559 1.410 23,700 587 39.250 18,105 1,237 17.500 2&5 37,097 17 16 Is The notes on pa9es35to55 formpart 0fthfin¢laI statement ThesefiDan¢ial $tat¢ments were èpproved bythe Board0ftrUSteesand¥re$wjned ontheiTth61fon3June202& Professor Bob J Alllson CBE DL ChairotTruStees ThoAlrAmbulance Senrtce l Annual Report 2025 Pag¢ 31 1
Chairman Statèmènt Chief Executive Report Trustees, Annual Report Independent Auditors Report Finan¢ial statèmènts ASAT31 DECEM8ER 2025 CHARITABLE COMPANY BALANCE SHEET COMPANV PQUfvI8ER.. 0484590S Note 2025 E'OOO 1.622 20-,,: £'ooo 1.140 13,238 14,3 Fixed as5et5 Tangible assets Investments io 16.033 Stocks Debtor5 Cash at bankandlTr hand 8.070 16.075 5.918 17,741 Creditors. Amountsfalling¢uev4tthinoneyear Net current assets Total assetsless currentllabllltles Provisionsforllab111ties Net asset5 {1.2501 2a409 36.787 1731 36.714 22.890 38,923 1841 14 Uiirastricted tunds Generalfunds Investment revaluatlon $r¥¢ Oesign6tEd funds Restrfcte(Ifun(Js Total fijnds 17 17 16 15 11148 7.410 23.700 581 8.839 17,722 1,2 17,500 255 36,W4 Thecornpany'snet movement in fundsfortheyearwasa 5urplusof£2.Iml2024". deficitof £OArnk The note5 on pages 35to55form part ofthesefinancHI statement Thesefinancial statement5 Wre approved bythe Boardott teesandEresigned o rbehaifor$3June202& Ptof•ssorBobJ Alllwn CBE DL ChairotTrust*e$ Thg AlrArnbulan¢eServke l Annual Report 2025 Page32 1
Chairman's statement Chief Executive's Report Trustees. Annual Report In¢Jependent Auditors Report Flnanclal ststements FOP THE YEAR ENDED 31 DECEMBER 2025 CONSOLIDATED STATEMENT OF CASH FLOW 2025 202 Rv.concilialion ol nel incometo neieash flow f¥om operating actibities £"ooo 2.153 755 Net incotne 11.2881 669 DeplatIOn Losson<Ji5posal of tangiblefixodass Net Igaln) on fixedas5etinvBstments Deferredtax Icredltl DeC$eInStoCk 22 17 073) 1491 13951 207 Iln¢wsel Indebtoys In¢reaseln credltors Investment Income receive(J 0,7S91 0.3651 84 {1.024) Lash Flow 5tatemeni Net cash Iouttlowllinflow from operating actiwties Ca$h flowgfrom Investing aetiwkne5 Purcha*tsftsn9lblefixedassets 91 15.3321 l.Z61 (737) 1.024 0.2411 ThèAlrAmbulance Senrtce l Annual Report 2025 Page 35 |
ChairTnan Statémènt Chief Executive Report TnJstee5' Annual Report Independent Auditors Report Financlal ststements FOR THE YEAP ENDED31 DECEMBER 2025 CONSOLIDATED STATEMENT OF CASH FLOW At l Jan 2025 £'ooo Cash now E'ooo At 31 Dec ?Oc.I E'OO,.) Aiialysis of changes in net cash cash at bankand In hand 18.718 18.592 20?5 PotOntlllatiOD of Movement In Cash 12,8081 Ca$h and cash eoulvalents as atl January 18.718 21.S26 Cash and casknequlyalentsa5at Decernber 18.S92 2025 r'ooo Investment Income rcceivea Th• Alr Ambulane• Servlee l Annual Report 2025 Page 341
Cha?r¥nan's Statement Chief Executive Report TnJstees' Annual Report Independent Auditors Report Hnanclal Statements NOTES TO THE FINANCIAL STATEMENTS IA¢¢ountlng Pollcles The Air Ambuntt Senrfce Charity was Incorporated in Erv)lènd and Wales as è prl¥ate company 11m1ted by guarantee Ire9lsiered no. 04845905} and has no shèie eapfjtal. The Air AmblanCe servi Char1ty Is also stere(1charttyth th8Charity Commission (wistefed no. 10988741. liabllity of members in the nt of wnding up is limTted to an amcvnt not exceediw £1 p2r member". the numof mÈmbèrSaSat 31strkcember202SwaS7. Thp wistefwj office15 81ueSkne5Hov5e. 8utl8r5 Leap. RuglIy.Watwdt$lr$. cv213RQ. Tre folIcA9 actounting Olcles ha¥e been aWled ln deallng with items which are considered matenal in ratY1t0lhÈ1lnarhal statentS financial statements have been prepared in acdae with AccouTrtinq aDLI Rowrting by Chariti Statement of Recommended prti appCab to chantie5 preparing their accounts in accordance with the Fi[n¢T31 RBQtyting Sts¢hdard oppll¢able in the UKènd Republic of Ireland IFRS 1021 leffective l January 20191- (Chariti SORP IFRS 10211, thB Finantral Rtporhng Stan¢arO appli¢èble In th$ UK and Republlc of Ireland {FRS 1021 aThltheCompaoie5Act2006. Air Ambulance nwt$ the definltlon of a wbllc bènetit eThty under FRS 102 and the Charftie5 Act 2011. Assets and liabilitsare inknally re¢ognls8dat hlstortcal co# ortransactlon ¥alue unle55 Other¥Asestated In the levant8¢CountIng policynote(s). TheC0nsdètelJacCOntsIr0rjratethea(jntsOfthep8rentch3ntsbfC0MpartyaThalIgpuTh0frrtaklng$. C(x)sdidation has been undertaken on a line ty line basi& A separate statement ot hnancial actiwties for the porent ¢tklritable company L% omitted from the group accnunts by wrtue of Section 408 ofthe Compani8$ Act 2006. NoSerateCashFI*4ststernenthSeBnpTEpar8II1OrtChèntyosperMlttebYse¢t19n4080ftheCompanles Act 2006and FRS Tr02 spective1y. The tinancial statements have been p¢Dared on ) golng conttrn basis as the trustee5 considerthat adequat8 serves continue to be available to fvnd thts aCtItIeS of the ¢h)rtty and group for the foreseeable future anLI elieve no rfbatenèl uDcertaintie5 ei15t. The budgete¢ income and expendlture Is SufNclent w1th the level of servesforthecharitytobeabletocontinueasagoing coocerTL The AlrAmbulanceSer¥lce l Ar)nual Rer)0rt 2025 Page3S I
Chalrman Statement Chief Executive¥ Report Truste Annual Report Independent Auditors Report Flnanclal Statem•nts Incorn All Income is included Tn the Statement ot FIDancial ActiyihS whon the ¢Tharltable wp Is entitled to the IncomeaTrdthe amountcan bequaDtitie(Iv4ith rea80[Wea¢¢VraCy. Thetollty4ng spedfiCrM)IÈsarearW[e to partlcularcategorie501 income. Glftsln klnd 11 Assets glven for dlstrfbutSon by the charity are inCle(l in theStstemeDtof Fina[71 Athvitie5ts)tyYAn Istrlbuted. ii) A¥sets given tor vse ¢harity le.g. Dropertyfor its own o¢(¥paNon) a Inchthd In the Slaternt0t Financial Activities a5 incotnewhBn Teceivoble. 1111 Gifts in kinrj but on trust for c0nv6ysj irto ca¥h suL)5e4uent al4)lallOn are Induded In the accounting penotsinwhichtheqi is 5010. In èll cèses. the amount at which gifts In kind are Lyought intotheaccounts i5eiiheTa reaSonableestitr£of theirvalue tothe charitable qroupor theamountactually realised. D¢nated Sttvlcesand facllftles Donated services and facilities are includ1 at thevalue tothecharitable group whwethi5can bEquanliliwl In a¢¢oidar¢e with the Charltles SORP {FRS 102). tr Value of servltts pro¥lded ty volunteus has rK)t been included Tn thts$taccounts. Logo¢i•s Legaciesarecredited tothe Statementof FinancialAth¥itie5wheDthecharityi5entitled totheinwmeand it is probèblethatthe Income wlll be rece1vedandrAD bem&)5ure(JwithsufficientrdiabiTrity.inaccordancewitht? charlt1es SORP IFRS 1021. P8cuniarylg9aciesare recogni59¢ on receipt OtlthficaQnoft kgatyandts)nNrn)akn(x)of rand are recogniseé at the full Dotilied value. Aesiduary legacies are r¢ognised when nottficatton of the 1Ègw and nfirmation of probate have b recei¥ed and a ststementof assets and liabilitS ha5 been prowLled by the executorx Residuary legacies èle reco9nlsed at an estlmated Value of 85% ot the rK>tified arfK>unt to refit poteniial vadatlons In setllement value$ estate3amlnlstrètSoneosis and rtskof a beingconteste(J. ,/ii/ri Tradlngoutiats Reta115aleSareinGludJinthperi£Vj in WhiChtheIe75litiate. The Alr Ambulance SeThlce l Annual Report 2025 Pag• 361
Independent Financial
Auditors Report Statements
Chairman's Statement
Chief Executive's Report
Trustees' Annual Report
Structure of funds
The Air Ambulance Service I Annual Report 2025
Where there is a legal restriction on the purpose to which a fund may be put, the fund is classified in the accounts as a restricted fund. Funds where the capital is held to generate income for charitable purposes and cannot itself be spent are accounted for as endowment funds. Other funds are classified as unrestricted funds. Funds which are not legally restricted but which the trustees have chosen to earmark for set purposes are designated funds.
Expenditure
All expenditure is accounted for on an accruals basis. All expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. Expenditure is matched against the restricted or unrestricted fu ndsto which it relates. Support costs directly attributable to an activity are allocated to that activity. Other costs that cannot be directly attributed are allocated against the categories based on management's estimate of usage of those services.
a) Costs of raising funds
The costs of generating funds are the costs associated with generating income through fund raising and other activities, including the costs of the commercial trading operations.
b) Charitable activities
The trustees consider that there is only one charitable activity, that of the provision of an air ambulance service.
c) Governance costs
These are the costs associated with the governance arrangements of the charity which relate to the general running of the charity as opposed to those costs associated with fundraising or charitable activity. The costs include external audit and costs associated with constitutional and statutory requirements e.g. the cost of trustee meetings and preparing statutory accounts.
Fixed assets
Capitalisation
All assets falling into the following categories are capitalised.
-
i) Tangible assets which are capable of being used for more than one year and have a cost equal to or greater than £500, (£200 for The Air Ambulance Service Trading Limited)
-
ii) Groups of tangible fixed assets which are interdependent or would normally be provided or replaced as a group with a total value in excess of £5,000 and an individual value of £500 or more, (£200 for The Air Ambulance Service Trading Limited)
Page37 I · '>
Chairman's Statefflént Chief Executives Rewrt Trustees. Annual Report Independent Auditors Report Finan¢ial Statements Tanglblo Flxe(l A8setsand Dopr•Glatlon Fixed assets are recorded at C05t or. In the ¢a5tr of asset$ wheie assets have been donèted to tt group. at valvatioDatthetimeofacqvi5ition. Dppreciationi$prwdsdonalltanglblefixedassetsexclut8lrKJfteehoklland. at ratescalculateo towrite ottthewst. les¥ sstimated rÈSiduèl Value. base¢Yon values pral14atthe¢jètsof aul51t10. of each asset. on a straight line basis. o¥¢ritstxpe¢ied usefulllfe.asfollow&' Flxture5and Ilttlngs Med5cal eouipment Office eoulpmènt Motor vehi¢les Cotnputere4uipmtnt Theholdingvalueofasset5iSregularlyreviewedforimpairrneDtandwheredeemedappropriate5et58[tten down. No (Jepreciation ischargedon freehold land or assets underthecourse or¢strUct[L Depre¢iatloni$ charged wheDa8sets becomeiD us& 20%orlifeof1&75e.whicheveriSsler 25% 33% xedA5Srtinvestmerrt5 •J Invesiments are a Iorm of baslc finanelal 1Trstwmt. are initièlly recwise(J at their tran5aCtKo Val arnl Subsequently measured at thetr lair value as at the balanee sheet date using tt closiro market value. Gains losses arislng ffi dl$po$als ènd w4luat5ttn thrwhout theyearare lficluded In the Statement of Financial Actiwtlès All in¥e5tmert irKornei¥ treatedasunrBStriGted. Stock Stockconslstsofrwrchased goods for¥esaleandltemsto begit0¥07uTrteerSandpeop1ewhOpartlCLpateIn fvnJra1$ingevts.stOcksarev37eJ4ttheltytttsf costandnetrealisablevalue.aftermakiThoduealk)warfOT obsoleteandslowmowng ittms.ThevalutrolgooJ$donatedforSaleinthtgrpChèrtyst)pStsrtIThdUded In 5tocLlnstea¢. theyar8accounte¢ forasinc0r0IntheperXI7ThWh7ChthoQ0cKI¥rfr¥okl. Det)tor8 Debtors are recognised initiallyattran$6¢tlon price. less any ImpalrmenL Short-term debto¥saiem&wred at thtrtrinsa¢tion pn¢e. a$ tTheir of Uis¢ounlin9 is Immatertèl. Amountsconsldered uncollectablearewr6tten off impairm¢nt10sse$ afyre¢ogniseilintheStatement of FIftaf1èIAcdVht Ca$h and ¢osh wuivalnts Cash isrepfesented bycashin hand anddeposrt5Wrth ftDanualinstituhonsrepaYalYewithOUttllY0n notr• of not more than 24 hour% Cash equivalents are highly liqutd investment5 that mature in no more than three monthsf¢omihedateofaCoulsltlonandthatareadlTrve0nvwble1nknwnafffttsC&$hW7thinsIant riskof ¢hangein value. Th•AlrAmbulaneè S•nrfe• l Annual Report 2025 Pag• 381
Chairman's Statement Chief ExecuttveÈ Report Trustee5' Annual Report Independent Auditor5 Report Hnanclal Statements Flnan¢ial instruments The charltable company enter5 into only basic linan¢ial insttvmwt transaetkw eomplshw trade and ¢ther debtOrS.tiadeènd othercredTtor5. aD¢J ca5hatbank. Baslc tinaDcial assets and liabjlrtjt$ are Inrtially re¢ognlsed at tran5actknn wlr arp subswntty measured atamorbsed cost.lessaDyimpairmtnt.whfyappll¢able_ preparingth¢5¢fin0rfi8I stat¢Tnnth¢trUSte¢s hwernadethefollowing jud98ments'. Deterrnine whether leases eDtered into by the chafitable company either as a lessor or a lessee are owatiTrJ leases or finance The decisions depend on an assessment of wheiher the ri$ks and rewards of owrship have been transferred from the lessor Or lessee On a lease-by-leose basi$ based on an evaluakn¢n Otthe twms afid ¢(4Klition$ of thtr arrangemtrrt5. and accordingly wttetherthe lease rWJUi44$SeÈ li4bilityttsberecogniuinthe5toternent of htKHncial PDSition. Credltoys an(1 provlslon5 Creditors ènd provislons are rnISed wherethe charrtab ¢omp6nyh•S a prew)tOl9èIl0rlleSUll$ng fromopa$teventthatw111probablyresultinthetraDsferoffunOstoathir(5partyarKlthearrKXtntduetosethe the obligatTron can bE mtssu¢d orestlmat&g liaNY. Cre(htors and prow5ioDsare n(Xr3ftyreC09nI$ed at theirsettletnent amountafterallowlng foranytradediscountsdue. Pwsion> A pro¥1$n is recogniseil when the ¢harltatsle company has a present legèl or ¢on$tru¢tiv& obligationosa rewltof o pastevent forwhh Tt15 probablethat anoutftowof re50urce5wII be required tosettlethe Ob1HtiOn ar theamount can be reliabTry estrmated. If the effect 15 matefial. pro¥is1onsare determined Lry Lliscounting theexFecteLI future cash flow èt a rate that reflectsthetlmevalueol money andtherisksspeclficto thellablllty. Penslons V1hher4 Dreswtot>ligotionis pro)abltor ThOtreouiresjuLlgment.Thtrnatureandtypeofrisk5forthe5e prowsioTrsdifferan(J matgernentIudgeMent7sappI7ed reqardingthenatu and extentof obligations Indld1)if an outnowof resourcesis probable ornot. The charitable¢ompanyoperatesadefined (x>ntributionpension sCherrtfor0>TreasSetsdthe scheme are hele separatdy Irom thc&se of the CharatrAe company. Theanwal ContributiD[ payat)It aw¥ charged to the Statementol FTnanelal Actlvllle& Depreeiatk)n and ¥esidual value& The Trustees have reVIed the asset Ilves and assoclated res1dual values of all fixed asset classes. and in particular. the useful economic lifeand residual values of fixture$ andfittlfw)&ènd ha¥tr¢¢)ncluaed that aSSètli¥es rÈSidualvalues arèappropriate. Operatlng lea¥ts Operatinglease rentalsarechargeclt0thgstatent0f FinancialActknllesonasiral9ht-lineba5isoverthe le6se ierm. Lease Incentivesarecharged ona 5traight-1ine basi$obrtheterm of ttlea. The a¢twl lives ot the asgets r85fjOual valut5 art a58t5d annually and may vary dtrp8ndlng a nurnberoffactors.lnre-a55es5inga55etlive5.factor55ucha5technologicalinnovation. productlifecycles and maIntenanpoQ1arnMes aretaken Into aCCOunL. Residual value assessmentSCDnsldef Issues Sueh asfuturtmJrket¢ondTbons.theremaining lifeof thoassetand proie¢tsdi$posal values. Giftaid payment$rg¢glvabl8 The reTht charity receives incomtr Irom its tracling $ubsfdlary under the gift aid Sch whi( a recognis¢dasdiStrlbut1ons toowners inequitywithTn rets1[8&ming$0f that¢cfftpèny. Atthe retx>rting Oate therevda$nolegal obllgation in torthecharitytorecewethis¢•ftaid pwnent. although pnor to the reporting date the trading subsTdlary tK)afd had in(Jicated its intentron to pay the toNable proftts iothe parent ehanty in respect of the reporbNJda There isfiotay chargein theyeordue tothe eXption under24.14Aof FRS102. Relielisalltrrtd ¥thegFft aid paymentwTrll madetsythetrading $ub$idiaryt¢ patCOMpanywlth79 monthsoftheyearend_ Judg8mentslnapplylngaccountlng poll¢lesand key sources of estlmatlon uncertainty The charitabl8 cotnpany makes estTmaies ènd assurnption5 concerning the hJtvr¢ Managemeni are èlso required to emerSelvgEtent in the process of applwng the charitablecotnpan8 arcouhting $tle Esiimates and judgements are continualty evaluèted ènd a bas1 OD bistorical Other faetOrS.ineludlnoexpectatioDsoffutureevent$thatarebdk¥ediobereasonablevDolerthecir¢vmstare •AmbukJnce The Alr Ambulance Service | Annual Report 2025 Pagè 391
Chairman Statement Chief Exe¢utive¥ Report Trustees. Annual Report Independent Auditors Report Financlal Statements l DonJtions &LegJciÈsand OtTtralg èctivltles Unre5LriCted Funds £'ooo Restricted Funds Total Funds 2025 £'ooo Jotal Fund5 2U',' É'ooo 000 Donations S.733 5.740 5,373 Lo¥ades &671 1853 8,524 5.679 Gr6nt$re¢*lvablo($¢¢note 31 135 845 S80 3,>70 15.TOg 11. Jf72 Chailty stp Incone 12,459 li.836 Lotteryincome 8,295 8.S94 Eventlncome 639 Other 158 21,5 23,069 Income donations aDol legaci05 En 2024 was É12m of which WA5 ottritwtoble to ufrtrkted ftsrtds and £4m to restricted fund% InCOry from other trtdlng actmtfes In 2024 was £23.069m. 411 of whlch was attributabletounrestricte¢J fijnd Durlngtheyearthe¢harftyrecelvedE143.00012O2.Enfl)fr0MtheadM7niStrat0r5Of$pa"StAvlat)n$eltd1Sett7t01ènIfft$QW¢7alffl relatingtobr&iGhofcontra¢L Therocdpthasbeen presentedwttiin Otherinwmg65 an ex¢gptionolitgm¢ueto ttssizeand non reeurring natur Atthe balancesheet date. the chartty had notifieil of a numb8ro1lwie¥whh (kj nothwourlegw(ecognltlon poIAOrdirfflJty. noinryxDolws re¢o9nlsed but the estirnateLI ¥alueofthe$ele9aele$15 approximatelyE22m. The Alr Ambulance S¢rvi¢e l Annual Report 2025 Pa9¢ 40 1
Chairman's Statement Chlef Executives Report Independent Auditors Report Hnanclal Statements Annual Report 3. Materfal grants r•e•fjv bycat890ry 2025 L OOD 2021. L OOI., S¢wrOfMateIIJ19raTr' ntyAirAmbulanceTrust Anonymous G8nerol ¢haritiesottneClty ofcoventry The Parker-Hannifin Foundatton AAUK Improvlng Outcome5 Fund TheGraceTtust Barratt Developments PLCChadtable Foundatlon The EBM CharitatsleTru5t 0'8rien ChètltableT¥ust NPTUK The HaroThÈadTrtJst TheSaintburyTrust Mi¢hael Guest Charftable Foundation MiVionair¢ Street Grant Fund DennisAlanYardy Charitabl8Trust RSM UKFoundatlon EFDTru5t DO Wllson Foundatlon The Forbescharitsble Trust other f £lO.000 300 ioo 95 90 19 20 13 13 io io io io io io io 80 55 zo io 230 198 Investmgnt Income 000 2C24.' Oor. Bank interest 81)4 457 1,261 Investment Income 1,024 TheAirAmbulance Senrtce l Annual Report 2025 Page 41
Chairman's Chief Executive's Trustees' Independent Financial Statement Report Annual Report Auditors Report Statements
5. Expenditure expended by activity
| Fundraising Costs | Direct | 2,894 | - | - | 2,894 | 2,700 | |
|---|---|---|---|---|---|---|---|
| Operations | Direct | - | - | 13,023 | - | 13,023 | 12,577 |
| Marketing and PR | Direct | 2,117 | - | 2,117 | 3,341 | ||
| Trading Costs | Direct | - | 13,919 | - | 13,919 | 15,642 | |
| Depreciation | Direct | - | 290 | 465 | - | 755 | 669 |
| Support costsallocated to activities | |||||||
| Support Services | Hours | 1,614 | 1,248 | 183 | 3,045 | 2,656 | |
| 6,625 | 14,209 | 14,736 | 183 | 35,753 | 37,585 |
Operational and fundraising staff are allocated directly; management and administration are allocated on a time apportioned basis. The expenditure in 2024 was £37.585m of which £33.97lm was attributable to unrestricted funds and £3.614m to restricted funds.
6. Staff Costs
| 2025£"000 | 2024 £'000 | |
|---|---|---|
| Wages and salaries | 11,686 | 11,656 |
| Social security costs | 1,310 | 1,037 |
| Pension costs | 461 | 433 |
| Redundancy and termination payments | 78 | 176 |
| 13,535 | 13,302 |
During the year there were termination payments of £78,401 payable to 25 members of staff (2024: £176,355 to 27 members of staff). There was £Nil outstanding at the year-end.
The Air Ambulance Service I Annual Report 2025
| Chairman's | Chief Executive's | Trustees' | Independent | Financial |
|---|---|---|---|---|
| Statement | Report | Annual Report | Auditors Report | Statements |
6. Staff Costs - continued
The average number of employees during the year was as follows:
| 2025 No. | 2024 No. | |
|---|---|---|
| Aviation Operations | 37 | 39 |
| Fundraising | 41 | 44 |
| Trading | 282 | 332 |
| Governance & Volunteering | 13 | 11 |
| Administration | 44 | 43 |
| Strategic Projects | 3 | |
| 422 | 469 |
Pensions contributions
The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Annual contributions amounting to £460,761 (2024: £433,476) were charged to the Statement of Financial Activities during the year. At the balance sheet date, there were £80,354 outstanding contributions (2024: £75,039).
Key management personnel remuneration
In 2025 there were ten (FTE 10) members of the senior management team (2024: eight (FTE 5) members) and their aggregate remuneration in respect of qualifying services for the Group was:
| 2025_cooo_ | 2024_cooo_ | |
|---|---|---|
| Remuneration receivable | 879 | 553 |
| Social security costs | 106 | 56 |
| Pension contributions | 43 | 41 |
| 1,028 | 650 |
The increase in key management personnel costs compared with the prior year reflects the appointment of two additional key management roles and the fact that several individuals were only in post for part of the comparative period, resulting in a full year's cost being recognised in the current year.
Page43 I
The Air Ambulance Service I Annual Report 2025
Chairman Statement Chief Executive's Report Trustees, Annual Report Independent Auditors Report Flnanclal Statèments &alfCosts-¢onllnu Thenumberof hl9h paldemployeeswhose remvneration(excludirwpBDsioncontriiKthons)lortheygarftllwlthlnthefol1cnq bands¥JW 2C25 No. 2C24 Nc.. £140.000 to £149.999 El30,OOOto£l39.999 £120,OOOtoQ29.999 ÉIIO.OOOto£119.999 £IOO.OOOto £109.999 £90.OOOto £99.999 £80.000 toÉ89,999 £70.000 to £79.999 E60,000 to E69,999 12 13 7.Tw$tsosandconn¢¢tsd yr90ns'traThwtlons Tw$t¥WoXPÈfftg0s r01mlS0 Expenseswereln¢urredofq07712o2. É6,917) wererelmbjrsed to7Trusteesl2024..7)and re1atedtotrovdLt& Trustsegyemuneratlon Notru5tees received remunerètionduring theyearl20X. Thecharity pays an1nsurance premlumln respectofTrustees'aThdlndhAduaWliaknlityco¥er. The Alr Ambulance Sgrvl¢g l Annual Report 2025 page* I
Chairman's Statement Chbef Executtvds Report Indepgndgnt Audltors Rewrt Hnan¢lal Annual Report &N•tkneomv Thlilsstatedafter¢h•rg 001 Auditor¥ remuneration- audit 5erOce 35 766 Lwonth8po8al oltawblellxedaii•ii 22 17 8,744 Th• charttoblecompany, a$a re9lstered chartty. l$•x•mptlrcffitaM on In¢omÈarKI 9alnsfalllngwltMt•eilon478o1UTaxaB•2oloWstK#) 2S6olUTwtbonofCh•ry•bi•O•lr•Art1992tothe•xiontthatth••• r••pplled tc ltscharitsbièoblects. Notaxchar9V$h•V••rtMrwbthfjnth•¢h•ritat)be(J)mpany. ortobn It•m r•cogTrisedlJirt1y7NwUltYIa7IOco$$n¢X¢rnw•rve1rrÈx1#•lnqqu1tyn)Oelhw th•ftrtur•tsxdeductl0n¥a¥ailableforthemandth•diffgr•bt¥ffthotr¥akn5OIIloSwrn¢aNlthlinr0Jffttllt b•a•wMedlortaK DplorTodtaAl$d0t•rmln•duttlno taxrot8s•nd Uiwtsthat havebe8n enacted or sub$tantl¥dyenacte<l bythebaknsheet< The Alr Ambulanco S•rvl¢• l Annual Report 2025 Pag•451
Chairman's stat8ment Chlef Executive Report Trustee Annual Report Independent Auditors Report Financial Statements 10.Tanglbleflxedassets iCaSeholo Proper:1 £'ooo Eou'.?Yert E"ooo ottsr'JeThi=les £'ooo Asseis Undci Const(uctiOn i'ooo ROUP £'ooo L'OU,J At l January 2025 I075 1849 226 5,300 Addltlons 616 1,241 [831 sposals At 31 December2025 ($4) 1251 4095 [4) l475 616 6,458 At l January2025 Charge fortheyear io 318 76S Lxsposals 140) (61} At 31 D8cgmber2025 1217 203 4,146 At 31 December2025 19 516 2.312 At 31 December2024 I,0 1.848 Th•Alr Ambulane• S•rwlee l Annual Report 2025 Pag• 46 1
Chairman's Statement Chief Executive Report Trustee Annual Report Independent Auditors Report Hnanclal Statements 10.Tanglblofix•dass•tslcontlnwdl CHARITY £'ooo £Doo £'ooo £'ooo É'ooo Atl January2025 1.7SI 222 2.603 Addlon5 516 948 DIspSaI$ At 31 December 2025 150 707 1.953 222 516 3.548 Atl January 202S 120 T36 1,026 1.463 Chargefortheyeai Dlsposals io 466 131 1,926 At31 December 2025 130 lJ2 At31 December 2025 20 641 516 1,622 At31 December2024 T25 41 1.140 TheAlrAmbulance SeNieè l Annual Report 2025 Page 471
Chairman 3 statement Chlef Executive ReFM)rt Trustees. Annual Report Independent Auditors Report Flnanclal ststgments -,RQUP £'ooo £'ooo At l January202S Netga1nson In¥estment At31 December2025 13.237 13.237 173 173 11410 13,410 Nlanaged Functs AAITV £'Joo £'oc,o At l January 2025 Net 93lnsonlnvestment Addltions 13.237 173 13,258 173 1,000 14,411 At 31 December2025 13,410 Ourp¢rtfo11oof man69od eqvalty tsyCazen¢MCapiral andccw TWrmandat81$tomaM1sÈ1hofvall growthofthe5efundsthroughiDve5trr*ntlnvarf¢u$dlfferentagset ciasseswhfieensurfng thatthe rfsks takenarecarefultymoDltoreLI. managedanol contronedwhilstbparinginrnind li4wdityn8ed& Durtngtheyear, TheAlrAmbulanee Servlcelnve5ted 1.000.000 0rd1naryshare501 eJBh for.000.(1)llt6sUlxthry. The Alr Ambulance Senfice l Annual Report 2025 Page481
Chairman¥
Statement
Chief ExeCUtiS
Report
Independent
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Flnancial
statgmgnts
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Chairman'$ statement Chief Executive Rèport Trustees. Annual Report Independent Auditors R8POrt Finènclal Statements 11.1 N•tln¢onwfromtradngactl¥ltlosotsub51dlary TheAirAmbulan¢oSer¥lceTradlThJ Limited,thewholtyownBd subsKioryOfthe¢harttylsèr£tailcharity(yrtlBLAMM)ryOtltslrad1rI4 resultslortheyearto 51 December2025afeshownbelow. Audite(l accounts will t)eliledvAththe Registrar of Companie 20LgJ L COO 20214 'OOPJ Turnover Costof sales Admlnlstratlon expense5 Other¢peradng lrt¢ome Operating profit Taxatlon ProNt aftertax RetaTrned eamiDgsatthe*)69lhnln9ofthewr ProAt for theyear Giftaid payment Retained eamingsattheend ofth&yeav 9.960 (7831 '.1,369 11.5901 111.Tr61 2,656 719 a464 728 49 719 1.314 719 11.6501 383 rp491 411 Fixed assets Currentassets Currentliabilitie5 ProviSionsforllablllt5eg Total net a55ets Aggregote 5harecapital and rw&er¥es 708 1,847 0.4TI) 16951 383 383 a314 0.9491 16431 1,411 The AlrAmbulan¢¢ S•r¥le• l Annual Report 2025 Page 501
Chairman's Statement Chief Executive Report Trusteeg Annual Report Independent Auditors Report Hnènclal Statoments 12.lJgbtor$ mDunts lalllng due wiinin one year Group 2025 Group 2034 £'ooo Company 3025 £'ooo 1.410 Company 202.1 E-00(I 978 Amountsdue fromqroup undertaking Tradedebtor5 other debtofg Prepaytnants Accrudln¢ome VAT 46 105 18 16 1.461 5.518 T24 7258 997 S.$04 Isi &070 3.944 3.916 5.499 5,918 15.CredTtor5 Group 2025 Group 2024 t"OOD Company 3035 c.ooo Company ZD2. C'OOL 575 Trade creditors Taxation and sociol secvrity Othercredltors Accrua15 and ¢Jeterd Ineome VAT 234 S7 ?41 75 47 309 176 1,250 S09 203 1.749 i.79S PrOVtsloMforllabllltles 3a ?nceat l_a- 2025 Bdldnce dl 3, Dec ?O?- 710 49 727 Deferredtax {49) "ncc- Lif jl Dec 202.. Dildpidation Dpferrtré tsx 73 84 Provlslonshbvebeen rnad8forthedilapldaNonsand¢Jeferredts¥ usiNJa¥wmrthThs madefvom¥eviEwDgtl1a¥ertymthr hlstorfral knvledgeandtaxcomputations The AlrAmbulanceServi¢• l Annual Rewrt 2025 Pago 51 1
Chairman's Statement Chief Executive Rewrt Trustees, Annual Report Independent Auditors Report Finan¢ial statements 16.R•sttlctsd Funds Balanceat l Jan ?025 F'nnn lThcome Expenditure Trafi5terS É'ooo Balance ai 31 Dec 202 £'ooo 58 E'OOO NCAA- Incvbator Children¥ AirAmbulanceSeMce DLRAA Servlee WNAA SeTVTCO LloydsCharitiesTrust AlrbasÈAppeal Variov$ OtherTru$t$and Foundadty)$ 473 1.203 {473) 0,205) 0.332) 126 300 95 195 136 &570 {230) 13238) 161 16) In-on'e alanee at 31 Dec 20LI Nc,., Chiléren'sAlr AmI10n¢e Sece DLRAASer¥ice WNAA Sorw¢o Lloyd5 Charttte5Trust VariouS(XherTrustsand FoundatloThs 58 11591 .xn} (1.97SI 1.371 112 743 190 OOTI (3.614} 195 4126 255 Puwpvs8sof R8Strf¢t8d Fund The Children¥AirAmbulance-Incubatorwasanappeal launched to pUrchan incubatorfor NCAA beforeitWa6partofTAA& The CAAh2licopterl8aseappeal reprwsentshjnds r8ci¥ed spÈ¢ifitaltytOwardsCAAl&)secost& The DLRAA Se)Cappeal represerit5fvnds received spe¢ifi¢èllytowafdS DLRAAser¥fcecost TheWN1i4SeCeappeal repre5entsfurK15 reGei¥ed$pe¢lfi¢anytoward$WNAAswc0st The HEMSseNceappeal represeDtsfuoLlsr8¢eivBd 5pe¢ili¢anyityAfar4$HEMSSc¢Co The LloyolsCharitiesTru5t donate¢ a graDtto newdets¢hablestretcherforcJneofowchnical pJrtrr6lE¥eliThaChiiorenHospltalorGreatOrmondStreBt Hospital). The NewAirbase appeal representsfuDds re¢èived sp8¢ili¢allytafdstO[ng ofrthyalr be Vanousothertrustsand foundatron5 have prowlyeo oonatlons forspeelfl¢restrf¢ted proiect& The AIT AmbulanceSorvl¢¢ l Annual Report 2025 Page 52 |
Chairman Statement Chlef Executive Report Trustee Annual Rert Independent Auditor5 Report Hnanclal Statements 16.D0slynat Funds Bèlèrtce at I lan 2G?- Balanco at Sl Dcc 20;,: A1rDases 12 000 7.217 1437) 6.780 19.000 4.700 23.700 Othor$trateglc In¥estments 13631 ($80) Attheyeèrend thetrustee5 ha¥edesi9fy3tsdfund$of7rn{2O2. 7.5m) forfuturedeveloprr*ntof syst8m& Include(Jwth1ntheQthe¥¥tr&8gk In¥estmentsdeslgTratedfundsareamoUntsrdanytoorOrS8tyty. 17.Unrestrfctsd Fund¥ General Funds 202S Investment reualuation reserve 2025 General Funds 2024 reserve 20" '?ce 000 01 Jdl?Udly Inetsme Expend1tu Galnson Investments rransfers 31 December S42 34.114 (X4661 32.776 (33,9711 173 395 16.194) 13.559 07,5001 18.105 1.410 1.237 Ceneral Funds Z025 Investment alUaan reserve2025 GeDeTrl Fun¢5 2024 Investmtrrnt revaluatloi. reserve 20?.1 LJnrestricte¢ funds Ichèlityl 1.237 35 486 21,385 121,647) 842 Income Expendlture Gainson Investment¥ Transfers 24.104 ITd.4841 595 (6.1941 14148 07.5001 17.722 31 Do¢¢rnber Ihio 1.237 The Air Ambulance Servlce l Annual Report 2025 Page53 1
Chairman's statement Chlef Executive Report Trustees. Annual Report Independent Auditors Report Flnanclal ststemgllts I&Analyslsotnetassets b?eeno5 2025 Fi%ed Assets 2025 Trlet Current Assets E'onn 2025 Total i. 000 2024 FTMèd Assets roDO 2024 Net CurreDt A5setS c'ooo L'OOO UnTestricted 8.665 6.304 14.969 15.085 4.257 25S 19.342 255 17,500 37,097 Restrfcted De$Trgnat8d 16. 23,700 17.500 22.012 14444 T&085 At 51 Décember202SthÈtharitablÈ9rOup had lulure mlnlmum lease payments undei non-caneellable operating lea5esa5 5etout bÈlow. 20250theriletll5 £'ooo 2024Land& BulldSng5 £'ooo 2024 Oth$rltem'_ C71QUP 202S Land& Buildinos £'ooo erIn91ea5eswh5Ctt explre.. l y8ar Botween I to Syoars Mcrethan 5years 606 1.716 6.618 14 14,304 4.164 20,398 671 106 20,910 617 Tl,483 2J2i'_pnc u gu-i Jifiths ?024 O'.hpr i-.05 LODC 2024 0=hei i=em' E'OG thin l year Between I to Syears Morethan5year5 290 159 6.281 14.195 240 19,973 26.721 Sub9equent tothearend,theChartty entered Intoa rthy I0r1easeèg1eernent for01firyem15eSA5thegTeWnSttttys ¥i9nedatslhe balar sheetdat¢ no liability0r¢ommMernt hag been recognlsed inthwtse Nnanclalstatement&The ènnual leasecomm1tmerfisapprMètetyQT5* ex¢luthngserylcechJrye& The AlrAmbulance Senrtce l Annual Report 2025 Page 54 |
Chairman's Statement
Chief Executive's Report
Trustees' Annual Report
Independent Financial Auditors Report Statements
20. Financial Commitments
As a result of group registration arrangements for value added tax (VAT), the charitable company is jointly and severally liable together with other members of the group for any VAT due by the representative member of the group.
21. Capital commitments
Contractual commitments for a store refurbishment contracted for but not provided in the financial statements amounted to £44,668 (2024: £nil).
Contractual commitments for helicopter modifications and medical equipment contracted for but not provided in the financial statements amounted to £63,370 (2024: £153,488).
22. Membership
The Air Ambulance Service is incorporated under the Companies Act 2006 as a company limited by guarantee having no share capital. The liability of members to contribute towards the debts of the charity in the event of a deficit on winding up is limited to £1.
23. Controlling parties
In the opinion of the trustees, given the structure of the charity, there is no ultimate controlling party.
24. Related party transactions
Transactions with Trustees are disclosed in note 7.
During the year the charity received a donation of a trustee for £218. (2024: £50) There were no other related party transactions in the year (2024: none).
During the year a management charge was made by The Air Ambulance Service to The Air Ambulance Service Trading Limited of £35,008 (2024: £11,154). At the end of the year Gift Aid of £835,751 (2024: £749,276) was payable by The Air Ambulance Service Limited to The Air Ambulance Services. The total year-end balance owed to The Air Ambulance Service was £1,409,839 (2024: £978,393).
The Air Ambulance Service I Annual Report 2025
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THEAIR AMBULANCE SERVICE