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2021-03-31-accounts

Page
Reference and administrative details ofthe Company, its Trustees and advisers 1-2
Chairman's statement 3-4
Trustees'
report
5-20
Independent auditor's
report
on the financial statements 21 -24
Consolidated statement
offinancial activities
25
Consolidated balance sheet 26
Company
balance sheet
27
Consolidated statement ofcash flows 28
Notes to the financial statements
REFERENCE AND REFERENCE AND REFERENCE AND ADMINISTRATIVE
DETAILS OF THE COMPANY,
ADMINISTRATIVE
DETAILS OF THE COMPANY,
ADMINISTRATIVE
DETAILS OF THE COMPANY,
ADMINISTRATIVE
DETAILS OF THE COMPANY,
ADMINISTRATIVE
DETAILS OF THE COMPANY,
ITSTRUSTEES AND ADVISERS ITSTRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2021
Trustees Jonathan
Trower,
Chairman
Philip Caborn (resigned 10September 2020)
Darren
Hayward
Annalisa
Ridsdill
Smith
Ramzi Freij
Clive Gilham
Roy Marlleet
Claire Smith
Andrew
Tunningley
Company registered
number 05397840
Charity registered
number 1108989
Registered office The Business Centre, Earls Colne Business Park
Earls Colne
Colchester
Essex
CO6 2NS
Website address www. ehaat. org
Company secretary Brenda Playford
Executive Team Jane Gurney-
Chief Executive
Officer
Ronan Fenton —Medical Director (Resigned 30/11/2020)
Neil Durge —Medical Director (Appointed 08/02/2021)
Peter Sherren —Assistant Medical Director (Appointed 08/02/2021)
Stuart Elms —Clinical Director
Cliff Gale —Operations
Director
Pam Withrington —Fundraising and Marketing Director
Jonathan Ager- Finance Director
Independent auditor Crowe U.K. LLP
Riverside House
40 - 46 High Street
Maidstone
Kent
ME14 1JH
Bankers Barclays Bank Pic
40 High Street
Chelmsford
Essex
CM1 1 BE

FO R THE YEAR ENDED 31 MARCH 2021
Committee/Group Trustees
Investment
Advisory
Committee
Andrew Tunningley,
Jonathan
Trower, Ciive
Gilham
Audit and Risk Committee Clive Gilham,
Phil Caborn (retired),
Tunningley,
Roy Marflect
Andrew
North Weald Working Group Roy
Marflect,
Clive
Gilham,
Ridsdill Smith, Darren
Hayward
Annalis
Nominations
Committee
Darren
Hayward,
Jonathan
Annalisa
Ridsdill Smith
Trower,
Retail Advisory
Committee
Claire Smith, Annalisa
Ridsdill Smith

Restricted Unrestricted Total Total
funds funds funds funds
2021 2021 2021 2020
Note K 6
Income from:
Donations
and legacies
154,122 4,852,940 5,007,062 4,680,895
Charitable
activities
1,611,509 262,159 1,873,668 355,570
Other trading
activities
10,086,752 302,730 10,389,482 11,300,140
Investments 237,568 237,568 254,330
Total income 11,852,383 5,655,397 17,507,780 15,590,935
Expenditure
on:
Raising funds 1,812,775 2,155,200 3,967,975 5,134,155
Charitable
activities
7,361,639 7,361,639 5,501,1SS
Total expenditure 9,174,414 2,155,200 11,329,614 f1,735,322
Operating
Surplus
2,677,969 3,500,197 6,178,166 4,855,613
Net gains/(losses) on investments 1,813,544 1,813,544 (S03,509)
Net income 2,877,969 5,313,741 7,991,710 4,252,104
Transfers
between
funds 20 (1,655,296) 1,655,296
Net movement
in
funds 1,022,673 6,969,037 7,881,710 4,252,104
Reconciliation
of
funds:
Total funds brought forward 602,410 31,822,749 32,425,159 28,173,055
Net movement
in funds
1,022,673 6,969,03'7 7,991,710 4,252 104
Total funds carried forward 1,625,083 38,791,786 40,416,869 32,425,159
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2021
2021 2020
Note
Fixed assets
Intangible assets 13 24,547 40,787
Tangible assets 14 10,987,649 7,205,552
Investments 15 26,248,670 19,258,367
37,260,766 26,504,706
Current assets
Stocks 16 35,302 31,248
Debtors 17 1,448,790 1,015,417
Investments 18 3,000,000
Cash at bank and in hand 3,271,695 4,009,464
4,755,787 8,057, 129
Creditors: amounts falling due within one
year 19 (1,699,684) (2,136,575)
Net current assets 3,156,103 5,920,453
Total net assets 40,416,869 32425,159
Charity funds
Restricted
funds
20 1,625,083 502,410
Unrestricted funds 20 38,791,786 31,822,749
Total funds 40,416,869 32,425,159

CONSOLIDATED STATEMENT OF CASH FLOWS CONSOLIDATED STATEMENT OF CASH FLOWS CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2021
Note 2021 2020
E
Cash flows from operating
activities
Net cash generated
in operating
activities
22 5,418,023 5,320,977
Cash flows from investing
activities
Dividends,
interests
and rents from investments
237,568 254,330
Proceeds from the sale oftangible fixed assets 8,816 1,042
Purchase oftangible
and intangible assets
(4,344,556) (904,092)
Proceeds from sale of investments 3,897,552 3,713,893
Purchase of investments (8,955,172) (14,581,433)
Net cash used in investing
activities
(9,155,792) (11,516,260)
Cash flows from financing
activities
Net cash provided
by financing
activities
Change
in cash and cash equivalents
in
the year (3,737,769) (6,195,283)
Cash and cash equivalents
at the beginning
ofthe year 23 7,009,464 13,204,747
Cash and cash equivalents
at the end of
the year 3,271,695 7,009,454
The notes on pages 29to 54 form part ofthese financial statements

Restricted Unrestricted Total
funds funds funds
2021
f
2021
6
2021
6
Donations 154,122 1,043,571 1,197,693
Legacies 2,978,478 2,978,478
In-memoria 327,516 327,516
Collection Tins 42,839 42,839
Similar incoming resources 460,536 460,536
154,122 4,852,940 6,007,062
Unrestricted Total
funds funds
2020 2020
5
Donations 1,502918 1,502918
Legacies 2,345,263 2345,263
In-memoria 272 044 272,044
Collection Tins 103,989 103,989
Similar incoming resources 456,681 458,681
4,680,895 4,680,895

Restricted Unrestricted Total
funds funds funds
2021 2021 2021
5 6 6
Grant-making trusts 1,611,509 262,159 1,873,668

Restricted Unrestricted Total
funds funds funds
2020 2020 2020
F.
Grant-making trusts 262,102 93,468 355,570
Income from other trading activities
Restricted Unrestricted Total
funds funds funds
2021 2021 2021
5 5 E
Income from lottery 10,086,752 10,086,752
Fundraising events 30,281 30,281
Merchandise sales 11,909 11,909
Charity shop income 228,923 228,923
Other 31,617 31,617
10,086,752 302,730 10,389,482
Restricted Unrestricted Total
funds funds funds
2020 2020 2020
5 5
Income from lottery 3,904,309 6,464,712 I0,369,02'l
Fundraising events 223,902 223,902
Merchandise sales 19,884 19,884
Charity shop income 687,333 687,333
3,904,309 7,395,831 11,300,140

Unrestricted Total
funds funds
2021 2021f
Dividends 229,828 229,828
Interest 7,740 7,740
237,568 237,668
Unrestricted Total
funds funds
2020f 2020f
Dividends 201,548 201,548
Interest 52,782 52 782
254,330 254,330

Raising Charitable Total
funds activities funds
2021 2021 2021
6 E
Operations and support costs 72,670 72,670
Premises costs 170,807 170,807
Other employment costs 32,880 55,485 88,365
Head office costs 261,141 261,141
Governance costs 4,824 28,997 33,821
Wages and salaries 1,087,069 545,551 1,632,620
Depreciation and amortisation 45,367 45,367
1,602,088 702,703 2,304,791
Raising Charitable Total
funds activities funds
2020
5
2020 2020f
Operations and support costs 89,279 89,279
Premises costs 171,637 171,637
Other employment costs 104,626 56,716 161,342
Head office costs 316,843 316,843
Governance costs 4,667 19,026 23,693
Wages and salaries 1,206,476 579,705 1,78S,181
Depreciation and amortisation 53,847 53,847
1,958,096 744,726 2602822

Activities
undertaken Support Total
directly costs funds
2021 2021 2021
6 6
Helicopter Emergency Medical Service 6,658,936 702,703 7,361,839
Activities
undertaken Support Total
directly costs funds
2020 2020 2020
E 6
Helicopter Emergency Medical Service 5,856,440 744,725 6,601,166
Analysis ofdirect costs
Total Total
funds funds
2021 2020
6 8
Depreciation 502,303 493,603
Helicopter and Rapid Response Vehicle 3,437,126 2,908,532
Clinical costs 2,395,538 2,207,152
Airbase premises costs 323,969 247,143
Total 2021 6,658,936 5,856,440

Total Total
funds funds
2021
E
2020f
Staff costs 545,551 579,705
Operations and support costs 72,670 89,279
Other employment costs 55,485 56,716
Governance costs 28,997 19,02S
702,703 744,725
10. Goverance costs
2021 2020
6
Auditors'
remuneration
28,850 28,150
Auditors'
remuneration
-other services 351
Trustees meetings 963
Trustee
indemnity
insurance 3,237 2,858
Legal, consultancy and other fees 18,870 2,555
11. Staff costs
Group Group Company Company
2021 2020 2021 2020
E E 6
Wages and salaries 1,806,604 1,972,527 1,806,604 1,972,527
Social security costs 170,211 182,112 170,211 182,112
Contribution to defined contribution pension
schemes 112,212 113,554 112,212 113,SS4
2,089,027 2,268,303 2,089,027 2,268,303

Group Group
2021 2020
No. No.
Charitable activities 9 9
Raising funds 32 39
Lottery 3 3
Retail 27 24
71 75
Group Group
2021 2020
No. No.

ESSEXSHERTS AIR AMBULANCE TRUST ESSEXSHERTS AIR AMBULANCE TRUST ESSEXSHERTS AIR AMBULANCE TRUST
(Acompany limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
13. Intangible assets
Group and Company
Computer
software
Cost
At 1 April 2020 115,893
At 31 March 2021 115,893
Amortisation
At 1 April 2020 75,106
Charge for the year 16,240
At 31 March 2021 91,346
Net book value
At 31 March 2021 24,547
At 31March 2020 40,787

Long-term
leasehold Plant and Motor Fixtures Other fixed
property
8
machinery vehicles
K
and fittings assets
K
Total
f.
Cost or valuation
At 1 April 2020 1,241,229 6,959,338 340,191 212,953 386,697 9,140,408
Additions 4,091,574 27,983 109,270 115,729 4,344,556
Disposals (58,503) - (21,763) (80,266)
At 31 March 2021 5,274,300 6,987,321 318328 322,223 502,426 13,404,698
Depreciation
At 1 April 2020 336,966 927,912 238,074 145,360 286,544 1,934,856
Charge for the year 50,561 349,064 70,686 26,029 60,441 556,781
On disposals (52,825) (21,763) (74,588)
At 31 March 2021 334,702 1,276,976 286,997 171,389 346,985 2,417,049
Net book value
At 31 March 2021 4,939,598 5,710,345 31,431 150,834 155,441 10,987,649
At31March 2020 904,253 6,031,426 102117 67,593 100,153 7,205,552

Listed
investments
Group 6
Cost or valuation
At 1 April 2020 19,258,367
Additions 9,013,128
Disposals (4,132,866)
Movements
in fair value
1,932,579
Dividends
retained
229,828
Investment
manager fee
(52,466)
At 31 March 2021 26,248,570
Net book value
At 31 March 2021 26,248,570
Af31March 2020 19,258,367

Investments
in
subsidiary Listed
Company companies
6
investments
6
Total
K
Cost or valuation
At 1 April 2020 19,258,367 19,258,371
Additions 8,013,128 9,013,128
Disposals (4,132,866) (4,132,866)
Movements in fair value 1,932,579 1,932,579
Dividends retained 229,828 229,828
Investment manager fee (52866) (52,466)
At 31 March 2021 4 26,248,570 26,248,574
Net book value
At 31 March 2021 4 26,248,570 26,248,574
At 31Match 2020 4 19,258,367 19,258,371
16. Stocks
Group Group Company Company
2021
K
2020
f
2021
F
2020f
Finished goods and goods for resale 35,302 31,248 35,302 31,248

Group Group Company Company
2021f 2020f 2021f 2020f
Due within one year
Trade debtors 2,672 6,530 2,588 6,220
Amounts
owed by group undertakings
1,815,209 1,198,114
Other debtors 4,870 4,570 4,560 4,560
Prepayments
and accrued income
440,522 473,079 391,544 441,964
Tax recoverable 95,902 105,693 95,902 105,693
Legacy Debtor 904,824 425,545 904,824 426,545
1,448,790 1,016,417 3,214,627 2,183,096

Group Gmup Company Company
2021f 2020f 2021 2020
3,000,000 3,000,000

Group Group Company Company
2021
E
2020 2021
E
2020f
Trade creditors 178,474 1,125,181 178,474 1,076,693
Other taxation and social security 42,453 46,204 42,454 46,204
Other creditors 501,374 716,637 4,131 28,673
Accruals and deferred income 877,383 248,454 854,886 227,027
1,599,684 2,136,676 1,079,945 1,378,797
Group Group
2021
F
2020f
Deferred income at 1 April 2020 682,073 664,567
Resources deferred during the year 479,095 682,073
Amounts released from previous periods (682,073) (664,567)
479,095 662,073

Statement offunds Statement offunds Statement offunds
Statement offunds - current year
Balance at
Balance at 1 Transfers Gainsl 31 March
April 2020
E
Income
E
Expenditure
6
in/out
6
(Losses)
f
2021
6
Unrestricted
funds
Designated
funds
Fixed asset fund 7,205,552 (573,021) 4,379,669 11,012,200
North Weald
development 3,730,991 (3,730,991)
Earls Caine
development 325,000 (325,000)
11,261,543 (573,021) 323,678 11,012,200
General funds
General Funds 20,561,206 5,655,397 (1,582,179) 1,331,618 1,813,544 27,779,586
Total
Unrestricted
funds 31,822,749 5,655,397 (2,155,200) 1,655,296 1,813,544 38,791,786
Restricted
funds
Restricted
Fund
602,410 11,852,383 (9,174,414) (1,655,296) 1,625,083
Total offunds 32,425,159 17,507,780 (11,329,614) 1,S13,544 40+16,869

Statement offund s - prior year
Balance at
Balance at Transfers Gainsr 31March
1April 2019f income Expenditure
2
in/out (Losses)f 2020
2
Unrestricted
funds
Designated
funds
Fixed asset fund 6,901,417 (562787) 866,922 7,205,552
North Weald
development
4,500,000 (769,009) 3,730,991
Earls Colne
development
250,000 75,000 325,000
11,651,417 (562787) 172913 11,261,543
General funds
General
Funds
16520,854 12,424,524 (7, 650,875) (129,788) (603,509) 20,561,206
Total
Unrestricted
funds
28,172,271 12,424, 524 (8,213,662) 43,125 (603,509) 31,822 749
Restricted
funds
Restricted Funds
-all funds
784 4,166,411 (3,521,660) (43,125) 602410
Total offunds 28,'173,055 16,590,935 ('11,735,322) (603 509) 32425 159

Analysis ofnet assets between
funds - current year
Restricted Unrestricted Total
funds funds funds
2021 2021 2021
E E F
Tangible fixed assets 10,987,649 10,987,649
Intangible fixed assets 24,547 24,547
Fixed asset investments 26,248,570 26,248,570
Current assets 1,625,083 3,130,704 4,755,787
Creditors due within one year (1,599,684) (1,599,684)
Total 1,625,083 38,791,786 40,416,869
Analysis of net assets between funds -prior year
Restricted Unrestn'cted Total
funds funds funds
2020 2020 2020
8 6
Tangible fixed assets 7,205,552 7,205,552
Intangible fixed assets 40,787 40,787
Fixed asset investments 19,258,367 19,258,3S7
Current assets 602,410 7,454,719 8,057,129
Creditors due within one year (2 136,STSJ (2 136,676)
Total 602,410 31,822 749 32,425,159

Group Group Company Company
2021 2020 2021 2020
6 5 6
Contracted for but not provided in these
financial statements
Acquisition oftangible fixed assets 291,140 3,877,221 291,140 3,677,221

payments
under nonwanceliable
operating
lea
ses as follows: m mum
ease
Group
2021
Group
2020
Company
2021
Company
2020
6
Land and buildings
Not later than
1 year
386,280 300,017 386,280 300,017
Later than 1 year and not later than 5 years 1,473,058 1,077,555 1,473,058 1,077,555
Later than 5years 1,925,156 2 114,035 1,925,156 2,114,035
3,784,494 3,491,608 3,784,494 3,491,608
Company Company
2021 2020
5
Land and building lease costs 382,642 345,993
Helicopter lease costs 2,698,629 2 105,714

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