2023-03-31-accounts - Essex & Herts Air Ambulance Trust

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				Page
Reference and administrative		details ofthe Company,	its Trustees and advisers	1-2
Chairman's	statement			3-4
Trustees' report				5-22
Independent	auditor's report	on the financial statements		23-26
Consolidated	statement of financial activities			27
Consolidated	balance sheet			28
Company balance sheet				29
Consolidated	statement ofcash flows			30
Notes to the	financial statements			31 —54

Trustees	Jonathan Trower,	Chairman	Chairman
	Darren Hayward
	Annalisa Ridsdill	Smith
	Dr Famzi Freij
	Clive Gilham
	Roy Marflest
	Claire Smith
	Andrew Tunningley
	Ellisa Estrin
	Michelle Tennens
Company registered
number	05397840
Charity registered
number	1108989
Registered office	Flight House, 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
	Dr Neal Durge —Medical Director (until 19/01/23)
	Dr Gareth Davies	—Senior Medical			Advisor (appointed		12/06/23)
	Dr Tony Joy —Interim		Medical	Director (appointed		12/06/23)
	Dr Peter Sherren	—Assistant		Medical Director (until		31/12/22)
	Cliff Gale —Operations		Director (Retired 31/12/22)
	Pam Withrington	—Fundraising		and	Marketing Director
	Jonathan Ager —Finance Director
	Paul Curtis —Aviation		&Operations		Director (appointed		23/05/22)
Independentauditor	Crowe U.K.LLP
	Riverside House
	40 - 46 High Street
	Maidstone
	Kent
	ME141JH
Bankers	Barclays Bank Pic
	40 High Street
	Chelmsford
	Essex
	CM1 1 BE

	Committee/Group								Trustees	Trustees
Investment	Advisory Committee	(established			Nov	Andrew	Tunningley		(Chair), Jonathan		Trower, Clive
14)						ilham
Audit and Risk Committee (established				Sept	19)	Clive Gilham		(Chair), Andrew		Tunningley,		Michelle
						ennens
Nominations	Committee (established		Nov '20)			Darren	Hayward (Chair), Jonathan Trower,					Annalisa
						Ridsdill	Smith
Retail Advisory Committee (established				Sept	'20)	Claire Smith		(Chair),	Annalisa	Ridsdill	Smith, Roy
						Marflect
Clinical Committee (established		May '22)				Ramzi Freij (Chair),			Jonathan	Trower,	Ellisa Estrin

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
		Note	2023 2	2023 2	2023 2	2022f
Income from:
Donations and legacies			38,458	6,079,756	6,118,214	4,565,960
Charitable activities			35,940	57,172	93,112	105,601
Other trading activities			2,085,425	8,713,345	10,798,770	10,512,847
Investments				618,722	618,722	334,065
Total income			2,159,823	15,468,995	17,628,818	15,518,474
Expenditure on:
Raising funds			419,509	4,712,394	5,131,903	4,932,172
Charitable activities			2,558,019	6,261,300	818195319	7,205,321
Total expenditure			2,977,528	10,973,694	13,951,222	12,137,493
Operating surplus			(817,705)	4,495,301	3,677,596	3,380,961
Net (losses)/gains	on investments			(1,214,487)	(1,214,487)	620,655
Net (expenditure)/income			(817,705)	3,280,814	2,463,109	4,001,636
Transfers between	funds	18	(12,995)	12,995
Net movement in	funds		(830,700)	3,293,809	2,463,109	4,001,636
Reconciliation of	funds:
Total funds brought	forward		876,132	43,542,373	44,418,505	40,416,869
Net movement in funds			(830,700)	3,293,809	2,463,109	4,001,635
Total funds carried forward			45,432	46,836,182	46,881,614	44,418,505

	CONSOLIDATED	BALANCE SHEET
	ASAT 31	MARCH 2023
		2023		2022
	Note	2
Fixed assets
Intangible assets	12	3,192		11,734
Tangible assets	13	19,303,726		11,026,987
Investments	14	32,437,175		31,928,373
		51,744,093		42,957094
Current assets
Stocks	15	16,809	29,727
Debtors	16	1,971,645	1,093,407
Cash at bank and in hand		3,901,303	2,728,805
		5,889,757	3,851,939
Creditors: amounts	falling due within one
year	17	(10,752,235)	(2,400,528)
Net current liabilities Iassets		(4,862,478)		1,451,411
Total net assets		46,881,615		44,418,505
Charity funds
Restricted funds	18	45,432		876,132
Unrestricted funds	18	46,836,183		43,542,373
Total funds		46,881,615		44,418,505

		COMPANY	BALANCE SHEET
		AS AT31 IIIIARCH 2023
		Note	2023 2		2022f
Fixed assets
Intangible assets		12	3,192		11,734
Tangible assets		13	19,303,726		11,026,987
Investments		14	32,437,179		31,928,377
			51,744,097		42,957,098
Current assets
Stocks		15	16,809	29,727
Debtors		16	4,204,114	2,308,755
Cash at bank and	in hand		1,086,272	1,142,255
			5,307,195	3,4BO,737
Creditors: amounts	falling dus within one
year		17	(10,169,677)	(2,029,330)
Net current liabilities )assets			(4,862,482)		1,451,407
Total net assets			46,881,615		44,41B,505
Charity funds
Restricted funds		18	45,432		876,132
Unrestricted funds		18	46,836,183		43,542,373
Total funds			46,881,615		44,418,505

Long-term leasehold	property
Short-term leasehold	property	Straight line over	the length of the lease
Helicopter		20 years straight	line
Motor vehicles		2-4 years straight	line
Fixtures and fittings	and	2-4 years straight	line
computer equipment
Assets under construction		Nil
Clinical equipment		3-4 years straight	line

	Restricted	Unrestricted	Total
	funds	funds	funds
	2023	2023	2023
	2	6	2
Donations	36,456	1,741,678	1,780,336
Legacies		3,371,274	3,3715274
In-memoria		355,592	355,592
Collection Tins		90,500	90,500
Donated services		520,512	520,512
	36,456	6,079,756	6,118,214
	Restricted	Unrestricted	Total
	funds	funds	funds
	2022 f	2022 f	2022
Donations	38,774	1,329,480	1,368,254
Legacies		2,325,985	2325,985
In-memoria		310,111	310,111
Collection Tins		88,930	88,930
Donated services		472,680	472680
	38,774	4,527,186	4,565,960

Income from	charitable
		Restricted	Unrestricted	Total
		funds	funds	funds
		2023	2023	2023
		2	2	2
Grant-making	trusts	35,940	57,172	93,112

Restricted	Unrestricted	Total
funds	funds	funds
2022	2022	2022
18,353	87,248	105,601

		Restricted	Unrestricted	Total
		funds	funds	funds
		2023	2023	2023
		2		2
Income from	lottery	2,085,425	7,581,120	9,666,545
Fundraising	events		159,128	159,128
Merchandise	sales		22,307	22,307
Charity shop	income		949,290	949,290
Other			1,500	1,500
		2,085,425	8,713,345	10,798,770
		Restricted	Unrestricted	Total
		funds	funds	funds
		2022	2022	2022f
Income from	lottery	9,666,594		9,666,594
Fundraising	events		122,150	122,150
Merchandise	sales		14,332	14,332
Charity shop	income		709,771	709,771
		9,866,594	846,253	10,512,847

	Unrestricted	Total
	funds	funds
	2023	2023
	2	2
Dividends	616,583	616,583
Interest	2,139	2,139
	618,722	618,722
	Unrestricted	Total
	funds	funds
	2022	2022
Dividends	334,066	334,066

Analysis	ofexpenditure	ofexpenditure
			Activities
			undertaken	Support	Total
			directly	costs	funds
			2023f	2023 2	2023 2
Helicopter	Emergency	Medical Service	7,621,234	998,085	8,819,319
			Activities
			undertaken	Support	Totai
			directly	costs	funds
			2022	2022f	2022
Helicopter	Emergency	Medical Service	6,506,161	699,140	7,205,321

	Total	Total
	funds	funds
	2023	2022
	2
Depreciation	828,448	702,809
Helicopter and Rapid Response Vehicle	3,743,268	2,852,196
Clinical costs	2,712,878	2,576,636
Airbase premises costs	398,818	374,540
Centre for Excellence	137,821
Total 2023	7,821,233	6,506,181

			Total	Total
			funds	funds
			2023	2022
			2
	Staff costs		787,442	531,900
	Operations and support costs		101,021	96,998
	Other employment	costs	90,714	53,470
	Governance costs		18,909	16,772
			998,086	699,140
9.	Governance costs
			2023	2022
			2
	Auditors' remuneration		32,000	28,500
	Trustees meetings		893	2,147
	Trustee indemnity	insurance	1,962	1,962
	Legal, consultancy	and other fees	(706)	(768)

Staff cost	s
					Group		Group	Company	Company
					2023 8		2022	2023 2	2022 f
Wages and		salaries			2,452,828		1,769,694	2,452,828	1,789,694
Social security costs					246,398		172,764	246,398	172,764
Contribution		to defined	contribution	pension
schemes					140,602		110,508	140,602	110,506
					2,839,828	2072,966		2,839,828	2072,966
The average		number	of persons employed		by the Company during		the year was as follows:
								Group	Group
								2023	2022
								No.	No.
Charitable	activities							12	6
Raising funds								31	26
Lottery								3	3
Retail								26	25
								72	64

Group	Group
2023	2022
No.	No.

	Computer
	software
	2
Cost
At 1 April 2022	115,893
At 31 March 2023	115,893
Amortisation
At 1 April 2022	104,159
Charge for the year	8,542
At 31 March 2023	112,701
Net book value
At 31 March 2023	3,192
At31March 2022	11,734

	Long-term
	leasehold	Plant and	Motor	Fixtures	Other fixed
	property 2	machinery 2	vehicles 2	and fittings 2	assets 2	Total 2
Cost or valuation
At 1 April 2022	5,569,969	7,055,314	433,268	458,136	650,793	14,167,480
Additions	278,662	8,649,421		235,036		9,163,119
At 31 March 2023	5,848,631	15,704,735	433,268	693,172	650,793	23,330,599
Depreciation
At 1 April 2022	593,687	1,627,324	294)294	200,245	424,943	3,140,493
Charge for the year	254,033	354,023	57,256	135,699	85,369	886,380
At 31 March 2023	847,720	1,981,347	351,550	335,944	510,312	4,026,873
Net book value
At 31 March 2023	5,000,911	13,723,388	81,718	357,228	140,481	19,303,726
At31March 2022	4,976,282	5,427,990	138,974	257,891	225,850	11,026,987

		Listed
		investments
Group		2
Cost or valuation
At 1 April 2022		31,828,373
Additions		16,648,441
Disposals		(16,084,537)
Revaluations		(763,314)
Dividends retained		520,446
Foreign exchange	movement	187,766
At 31 March 2023		32,437,175
Net book value
At 31 March 2023		32,437,175
At 31March 2022		31,929,373

					Investments
					In
					subsidiary		Listed
					companies		investments	Total
	Company					2	2	2
	Cost or valuation
	At 1 April	2022				4	31,928,373	31,928,377
	Additions						16)648)441	16,648,441
	Disposals						(16,084,537)	(16,084,537)
	Revaluations						(763,314)	(763,314)
	Dividends	retained					520,446	520,446
	Foreign exchange		movement				187,766	187,766
	At 31 March 2023					4	32,437,175	32,437,179
	Net book	value
	At 31 March 2023					4	32,437,175	32,437,179
	At 31March 2022					4	31,928,373	31,928,377
15.	Stocks
				Group	Group		Company	Company
				2023	2022		2023	2022
				6			6
	Finished	goods and goods for resale		16,809	29,727		16,809	29,727

				Group	Group	Company	Company
				2023	2022	2023	2022
				6		6
Due within one year
Trade debtors				4,067	8,290	4,067	8,290
Amounts owed by group undertakings						2,255,865	1,246,568
Other debtors				716	694	510	4SO
Prepayments and accrued income				278,922	341,367	2555732	310,381
Tax recoverable				106,332	115,410	106,332	115,410
Legacy Debtor				1,581,608	S27,646	1,581,608	627,646
				1,971,645	1,093,407	4,204,114	2,308,755
Creditors: Amounts		falling due	within one year
				Group	Group	Company	Company
				2023	2022	2023	2022
				2		6
Trade creditors				618,187	357,446	619,515	344,008
Amounts owed to group undertakings							213,398
Other taxation and social security				71,442	48,516	71,442	48,516
Other creditors				560,804	538,209	3,673	2879
Accruals and deferred		income		9,501,802	1,456,357	9,475,047	1,420,529
				10,752,235	2400,528	10,169,677	2,029,330
						Group	Group
						2023	2022
						6
Deferred income at	1	April 2022				506,836	479,095
Resources deferred	during the year					516,360	506,836
Amounts released from previous			periods			(506,836)	(479,095)
						516,360	506,836

Statement		offunds
Statement		offunds	- current year
								Balance at
		Balance at 1				Transfers	Gains/	31 March
			April 2022	Income	Expenditure	in/out	(Losses)	2023
			2	2	2	2	2	2
Unrestricted
funds
Designated
funds
Fixed asset		lund	11,038,721		(894,922)	9,163,119		19,306,918
Helicopter	fund		7,200,000			(7,200,000)
Centre of
excellence			1,000,000		(137,821)			862,179
Designation		for
expendable
endowment						5,000,000		5,000,000
			19,238,721		(1,032,743)	6,963,119		25,169,097
General funds
General Funds-
all funds			24,303,652	15,468,996	(9,940,951)	(6,950,124)	(1,214,487)	21,667,086
Total
Unrestricted
funds			43,542,373	15,468,996	(10,973,694)	12,995	(1,214,487)	46,836,183
Restricted
funds
Restricted	Fund		876,132	2,159,823	(2,977,528)	(12,995)		45,432
Total offunds			44,418,505	17,628,819	(13,951,222)		(1,214,487)	46,881,615

Statement	offun	ds - prior year
							Balance at
		Balance at			Transfers	Gainer	31March
		1April 2021	Income f	Expenditure	infout	(Losses)	2022
Unrestricted
funds
Designated
funds
Fixed asset fund		11,012,200		(772,153)	798,674		11,038,721
Helicopter	fund				7,200,000		7,200,000
Centre of
excellence					1,000,000		1,000,000
		11,012,200		(772,153)	8,998,674		19,238,721
Generalfunds
General Funds-
all funds		27,779,586	5,794,753	(1,487,992)	(8,403,350)	620,655	24,303,652
Total
Unrestricted
funds		38,791,786	5,794,753	(2280,145)	595,324	620,655	43,542373
Restricted
funds
Restricted	Fund	1,625,083	9,723,721	(9,877,348)	(595,324)		876,132
Total offunds		40,416,869	15,518,474	(12,1374g3)		620,655	44,418,505

Analysis Analysis	of net assets between funds of net assets between funds - current year
		Restricted	Unrestricted	Total
		funds	funds	funds
		2023	2023	2023
		2	2	6
Tangible	fixed assets		19,303,726	19,303,726
Intangible	fixed assets		3,192	3,192
Fixed asset investments			32,437,175	32,437,175
Current assets		45,432	5,844,325	5,889,757
Creditors	due within one year		(10,752,235)	(10,752,235)
Total		45,432	46,836,183	46,681,615
Analysis	of net assets between funds - prior year
		Restricted	Unrestricted	Total
		iunds	funds	funds
		2022	2022f	2022f
Tangible	fixed assets		»,028,987	11,028,987
Intangible	fixed assets		11,734	11,734
Fixed asset investments			31,928,373	31,928,373
Current assets		876,t32	2,975,807	3,851,939
Creditors	due within one year		(2400,528)	(2,400,528)
Total		876,132	43,542,373	44,418,505

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