Reglstefed number.. 05397840
Charity number: 1108989
ESSEX & HERTSAIR AMBULANCE TRUST
(A company Ilmited by guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
¥ADIA￿35+
1911212024
COMPANIES HOUSE

ESSEX & HERTS AIR AM8ULANCE TRUST
(A company Ilmlted by guaranleo)
CONTENTS
Pago
Aetefence and admlnlstratlve delalls ol the Company, Its Trustees and advlsers
Chalrman's statement
Tru*t•os' report
Independent audllor's report on ihe flnan¢lal 91at•m•nls
Consolldated slatem•nl ot Ilnanclal actlvllles
5-20
21.24
25
Consolldated balance sh••1
26
Company bol•nc• 3ha•t
Consolldoled statemenl ol cash Ilo
27
28
Noteg to Iht Ilnanclal slalemenl$
29-52

ESSEX & HEFITS AIA AMBULANCE TRUST
(A company Ilmlted by guaranlee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOH THE YEAR ENDED 31 MARCH 2024
Tru8lees
Jonathan Trower. Chairrnan
Darren H8￿Ward
Annalisa Ridsdill Smith (Retired 20103124)
Dr Fèmzi Fielj
Clive Gilharn
Roy Marfleet
Claire Smilh
Andrew Tunningley
Ellisa Estrin
Michelle Tennens
Company reglsl•rad
number
05397840
Chawlty reglslered
number
1108989
Registered offlce
Flight House, The Business Cenlre, Earls Colne Business Pafk
Earls Colne
Colchesler
Essex
C06 2NS
Webs110 addres8
wvM.ehaal.org
Company secretary
Brenda Playford
Ex•¢uliv• Toam
Jane Gurney - Chief Execuliva Oflicer
Dr Gareth Oavies - Senior Medical Advlsor (appotnled 1 W06123)
Dr Tony Joy - Medical Director
Pam Wilhringion - Fundraising and Markeling Director
Jonathan Ag8r - Finance Direclor
Paul Curtis - Aviation & Operalions Direcloi (until 26103124)
Lindsey Tuley - People & Workplace Dire¢lor (appointed 04110123)
Independent audilor
Crowe U.K. LLP
Riverside House
40 - 46 High Streel
Maidstone
Kent
ME14 IJH
Bankers
Barclays Bank Pl¢
40 High Street
Chelmsford
Essex
CM11BE
Page I

ESSEX & HERTS AIR AMBULANCE TAUST
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITSTRUSTEESAND ADVISERS
(CONTINUED)
FOA THE YEAA ENDED 31 PAARCH 2024
SolScitorg
Nockolds LLP
Market Square
8ishop's Slortford
CM23 3UZ
Inv8Stmenl manager
LGT Wealth Managemènt
14 Cornhill
London
EC3V 3NR
Page 2

ESSEX & HEATS AIR AMBULANCETRUST
(A company Ilmiled by guaranlee)
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
Chalrnian's Introductlon
l arn pleased to report Ihat the Charily had a very successful year lo 3181 March 2024. during the course of which
much was achieved and several challenges met.
Fiistly. and mosl irnportanlly, we continued lo provide our firsl-class, Iree-of<harge, pre.hospllal em8igency
medical seNice across Essex and Hertrordshlre. OLJr seNice5 were as much in demand as they ever have been.
as the following table demonstrates.
2024
1,088
547
835
165
2023
Medical Emergency
Road Trafftc Collision
Other Trauma
Other Mission Types
Total
1,040
573
859
144
2.635
2,616
During the year we continued with our inltiatNe lo create a Centre for Excellence. As described in last year's
report, our vision Is to build a leadlng research and education centre Ihrough which improvements in pre-hospital
care are developed In order to achleve the best outcomes for people in our region arKI beyond. We have made
several key appoinlments during the year and have embarked on a number of excitlng projecls. These include
research into the use of virtual reality technology in Ihe pr&.hospilal environment, a schools CPR Champion
programme and research into pre-hospital head injury care , the last ol which, has seen littlg change In oulcomes
over ihe last 30 years. We are also focusing on how we can Iranslale the activity of the Centre for Excellence into
our operational work for the benefii of our patients across Essex and Hertfordshire.
In December 2023. along wilh three other Air Ambulances, we were made aware Ihal Specialisi Avlation SeNices
Ltd ISASI, who supply and maintain our aircraft logelher with providino the pilots and co-pilots, were al imminent
rlsk of going inlo Administration bul that negotiations were under way lo sell Ihe business 10 GAMA Aviation Plc.
An already complex situation was compounded by the tact that the second aircraft we had ordered through SAS
in May 2022 was due to be delivered in January 2024 ready lor its medical lil out, also to bp undertaken by SAS.
l am pleased to report Ihat ullima181y neooiiations proved successful and, having considered all options available
lo us, we novaled our existing contracts with SAS across lo GAMA upon their acquisilion of the SAS business.
This included those for the supply and fit out Ot Ihe new aircraft. which has now been operational from June 2024.
l am pleased io note Ihe possibility ol a key aviation supplier ooino inlo administration had loimed part of our risk
register which meant Ihat we weie as prepared as we could be to deal with Such an event.
Our new contract wilh GAMA allows us lo continue with our strategy ol ulllmaiely operaling under our own Air
Operators Certilicale IAOCI. This will mean Ihal in the lulur8 we will have greater control and be less exposed to
changes in Ihe market place such as we experienced wilh SAS. We have employed the services of an experienced
consultant lo guide us through the process of oblaining an AOC and anticipate this to be In place by 2026.
The Charliy embarked on a joinl inilialive wllh Iwo other local air ambulance charities to appoint a Regional Helipad
Champion whose objective is to improve the availability of night hospilal helipads In the region. There are curreniiy
no Major Trauma Centres Ihal can be accessed by helicopter ai night within Essex and Hertfordshire. Furtherrnofe
the current number ot hospiial helipads Ilial can be used at night within Ihe region is very limited. The Charity
Wlshes to improve this posilion, ensuring our patients have access lo the same network of hospitals by day or night.
Unfortunately, our fundraising has been Impacied by Ihe cost of living crisis through lower levels of individual
donations coupled with a slowdown in sign.ups to our Flight for Life Lottery, our biggest single source of income.
Despile this difficult economic environment, l am pleased to note Ihal we have seen a turnaround in our relail
business with operalional changes iesulling in sales increasing by 43.4V• over the previous year. We will seek to
buikl on this success and look for suilable retail premises in the region to conlinue to open more charity shops.
Page 3

ESSEX & HERTS AIR AMBULANCE TRUST
(A company Ilmlled by guarantee)
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDEO 31 MARCH 2024
As well as being a direct source ol income for Ihe Charity, Ihe shops help 10 increase awareness ot the Charity
and its work throughout the region.
l am pleased lo report that EHAAT yel agaln demonslraied its financial resilience during the year. culmlnatlng in
an Operating Surplus ot £3.8m and overall reserves 01 £52.8m al the year end. Our Operating Surplus beneliled
from one exceptional legacy of£2.Im whilst our inveslmgnl Portfolioalso saw uncrystall8ed galns of £2.1m, lurther
boosilng our reported retained reserves. Our reserves comprise both restricted reserves and unrestrrcied
reserves. Unreslricled reserves are available lo be speni on any ol the Charity's purposes. Unresiricled reserv85
include bolh tree reserves and reseNes deslgnated for purposes such as the set-up costs lor the Cenire lor
Excellence. Due to the life.saving nature ol our work, the Trustees take a cautious approach with regards to
rgserves, as closure ol the service would be potenlially catastrophic to Ihe public we serve. Our ReseNes Policy
is lo hold between 12 and 24 months of Iree reserves lo saleguard the operation of our service lor a prolonged
perioé ol lime should our income fail as a consequence ol an unexpected evenluality. At the year end, sutticient
fr88 reserves were held lo tund 18 monlhs ol lorecast expenditure,, The reserves policy is reviewed annually by
the Trustees lo ensure Ihal any new or changed legislatlon or guidance is incorporated and 10 consider any
hanges in the clrcufflsiances ol Ihe Charity.
Our linanclal results demonstrate that we continue lo be well supported by Ihe people ol Essex and Hertfordshlre
and in spile of difficult economic environment that we have continued lo pursue our Strategy ol owning and
conlrollSng all of our importanl assets, seeking our own AOC In the medium term whilsl also investlng in our Centre
lor Excellence. We hava proved yei again our abilily 10 weather external difficulties, such as the financial collapse
of a significant supplier. Howevgr, we lake nolhing for granted and we know Ihat we must continue lo earn the
loyalally ol our Supporters by Ihe work that Is undertaken by our Executive Team and OLJf slaff every day of the
year.
Therefore, finaily, I would like to thank the Execullve Team, all ot our slaff and our volunteer$ lor thelr hard work
and dedication, and to thank my fellow Trustees for their service and support. A special thank you goes to Anni
Flldsdlll Smlth who retired as a Trusiee after almost 13 years on the Board. Her experience and valued knowledoe
ol the Charlty is not belng lost to u5 however, as she will joln our Development Board in order lo assisl with the
groW(h of our philanlhiopic giving programme.
Jonolhan Trower
Chairman
Date.. 2q/ii14
Page 4

ESSEX a HERTS AIR AMBULANCE TRUST
(A company Ilmlted by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Wilhin the Trustees, Report is the Strategic Report, required undef Seclion 414c(11 } ol Ihe Cornpanl88 Act 2011.
Slruelur¢, Governance and Management
Thg Trusleas. who are also Direclor8 ol thè Company lor Ihe purposes of the Companles Acl, submll their annual
report and the audited financial statements for Ihe Group lor the year ended 31 March 2024. The Board confirms
that Ihe Trustees, Report and linancial slalemenls of Ihe Group compty with current slalutory requirements, Ihe
requirements of the Charity's governing document and the provislons ol the Slatemenl of Recommended Practice
(SORPI 'Accounling and Reporting by Charilies, issued in July 2014 (FRS102 SORP 2015>.
Govomlng Document
Essex & Herts Alr Ambulance Trusl {EHAAT or the Charty) is a company limited by guaranteo and was
Incorporated on 181h March 2005. It is governed by its Arts'cles of Association, which were lasl amended on 22
March 2018. In the evenl of the Charity being wound up, Ihg liability in respecl ot Ihe guarantee Is limlted to £1
per Member (the rnernbers being Ihe Truslees).
b)
Appolnlmenl of Tru8lees
Trustees are selecled by relerence to a malilx of skllls and experience that has been establlshed to ensure Ihal
the Charily's objectives can be met. The rnatrix includes clinical, budgeting and finance, legal, fundraising,
mart(eting, commerclal sales, publlc relations, IT, HR management, community and voluntary sector expertise,
risk and strategic planning.
New Trus18es are given an Inducllon pack al an orlentatlon meellng to brlel Ihem on both the Charlty and Ihelr
leoal obligalions under chaflty and company law. 11 includes Ihe Articles ol A$so¢ialSon. a Outies ot Charity
Twslees booklel, and strategic and business plans. W8 also arrange lor Ihem to meet the CEO, Execulive Team
and the wider staff sperKling a day al the head office. Trustees are given 8pe¢ilic Charity information as well as
external training.
There is currenlly no upper limit to the time thal an indfvidual can be a Tfuslee. bul one-third of all Trustees are
required lo relire by folalion each year and, il willing to continue. otler themselves for re-eleclion.
Values
Our aclions are guided by our values - p•s•lon819 in 9oln9 the exlra rnile: pio10381onal in Iroating everyone as
they would wish to be trealed: Innovallve in driving fop•vard best clinical practice.. truslworthy in working oponly
and honestly: dedlcated because we care aboul the cause, our patlents and each olher; and Incluslve in Ireaiing
everyone in Ihe way whiGh we ourselves would like lo be Irealod.
d) Organlsatlon
The Board ol Trustees which governs Ihe Charity can have up lo ￿e1ve rnembers
there were ten ihroughoul
Ihe flnancial year unlil 201h March 2024 since when ther8 are nine Truslees with a quorum requirement ol live al
all meelsngs. The Board mel five Ilmes during the perlod under reV￿w. The Truslees delegale Ihe day-to.day
management ol the Charity lo an Executive Team by rneans of a formal Scherne ol Dglegalion. Committees
comprised of both Trustees and Execulive Team members are eslablished where necessary to advlse the Boafd
on various straleglc matters. There were five in operation during ihis iinancial year and they are listed below.
Page 5

ESSEX & HERTS AIR AMBULANCE TRUST
(A company Ilmited by guaranlee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
CommllleelGroup
nveslment Advisory Committee
Trustees
ndrew Tunningley (Chair), Jonathan
rower, Clive Gilham
live Gilham (Ghair), Andrew Tunnlngley,
Michelle Tennens
Darren Hayward (Chair), Jonalhan Trower,
laif• Smith (Replacing Annalisa Ridsdill
milh
lalre Srnilh (Chalr). Roy Marlleet
udil and Rlsk Committee
ominations Committee
Relall Advlsory Commlttee
linical Committee
Ramzl Freij (Chairl, Jonathan Trower,
Ellisa Estrin
Pay policy for senior 81afl
The Trustees consider Ihal the Board ol Twstees and Ihe Ex8CUtlve Team (as detalled on page 1) comprlse Ihe
key managemeni personnel of the Charity. Truslees are not remunerated. The pay, relaled policies and annual
remuneration of the Chiel Executive Olllcer are declded by Ihe Truslees, whilst the pay lor the remainder ol Ihe
Execultve Team is decided by the Chief Executive Officer after consullalion witl) the Trustees.
When setting remuneration levels. Ihe Charity aims to slrike a balance betr*veen market.appropriate pay, the need
lo attract and retain pèople wilh the required skills and our donors, expectallon5 Ihat Ihe money which Ihey enlru8t
us wilh will be used wlsely io provlde a Ilrsl-class hellcopier emergency rnedlcal service.
It is cenlral lo achieving our obj9¢1ives Ihal the Charity can attracl and Tetaln hl9h-performing $enlor leadershlp.
Remuneration may vary depending on the job type, its complexity and the range ol aclivities undertaken. It is
valldated objecllvely using market comparators such as salary survey data Irom charitable, private and publlc
sectors as required. Independeni advic8 from suitable third-party professionals is also sought where deemed to
be necessary. Coupled with benchmarking against compafable Air Ambulance charille$ and other Ihird sector
organisations.
We are committed lo lalrne5s in our remuneralion practices and lollow these guiding prlnciples,.
Proportionallty- lairness and conslstency In Ilne wlth approprlale benchrnarks
Rewarding Performance- ensuring an individuat's remuneialion is comrnensurate to their pertormance
and personal Contribution lo the Chafity
Recruilment and Retenlion - enabling u5 to attract and retain valued siaff
Expertise and Experience- ensuring it is appropriatg lor the rolg
Transparency- op8nness and clear communicalion about the process undertaken when setting
remuneration levels across the organisation
i)
Stru¢lurn
The Charity has four wholly owned subsidiaries.. Essex & Hert$ Flight lor Life Lottery Limiled. Essex a Herts Flight
lor Lile Lottery Operations Llmiled, Essex & Herts Flight lof Life Lottery Critical Care Lirnri8d and Essex & Herts
r Ambulance Trading Limited The principal purpose ol the lirst three substdiaries is lo operate weekly lotteries
logether with rafflès and Ihal ol Ihe lourth is lo conduct Ihè Charity's trading aclivilies. The Prolils of all companies
are donated lo Ihe Charity under a Deed of Covenanl. Following a change in legislalion the lottery and raffles now
operate under a single licence held by Essex & Herts Flighl for Life Lottery Limiled. This means that Essex & Herts
Flight lor Lile Lottery Operalions Limited and Essex & Herts Flight for Lite Lottery Critical Care Limited ceased
trading and have been dormanl lor the financial year.
Page 6

ESSEX & HERTS AIR AMBULANCE TRUST
(A Company Ilmltod by guarantee)
TRUSTEES, REPORT,. (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
g)
Code of Governan¢È
The Trustees look lo promote good governance ihroughout Ihe Charity, contlnuing to ensure we operate, where
applicable, in line wilh best practice as Sel out In the Charty Code ol Governance. Particular focus this year has
been on Principle 6- Equalty, Diversity and Inclusion, where we undertook a worklorce audit, Introduced a new
recruitment policy wilh the objective lo rem¢ve unconscious bias Irom the process and embarked on Investors In
People accredilation.
h)
Related Port1•*
Trustees and Members ol Iha Executive Team are the people who can control or signilicantly influence our Charity.
and so they dlsclose their inlerests in a reglster which is reviewed annually by the Board of Tfuslees as a whole.
In addition, Ihere are occasional Iransactions which direclly Involve individual Truslees. and when Trustees
consider these arrangements, the relevant Trustee leaves Ihe Board Meeting for such business. Ail such
transactions whlch arose during ihls flnancial year are dlsclosed In th18 annual report wilhin Note 26.
Objectives and Actlvlllès
a) ObJe¢lives
Tho objective ol the Charity is to assist in relieving pain and sickness by the operation of a pre.hospital emergency
medical service for the counties ol Essex and Hertfordshire and surrounding areas. The serV￿e is provlded mainly
by helicopiers with addilional fapld response vehicles being used when necessary. The Charity may also peflorm
such other charitable purposes lor the relief ol pain and sickness consistent with this objeclive as Ihe Trustees
shall delermSne al Iheir discrelion.
b)
Publlc Benelll
The Trust provides a free ol charg8, pre-hospital emergency Clinical servlce that assists people in Ouf geographlcal
area, and adjacent areas, wlth serlous Illness or injufles and he1p5 save lives. In shaping the objectfves ol the
Trust lor the year and planning our aclivilies, the Truslees have considered Ihe Charity Commission's guidance
on public benelil.
Acllvllle8
Essex & Herts Alr Ambulance. unlike the NHS emergency servlc85, 18 a charlly provldin9 HEMS lor the crltically
ill and injured of Essex. Hertfordshire and surrounding areas. Our lundraising activltles are planned to optimlse
our Income lo lund this lile-saving service and build th8 Chaiity's brand awareness. Transparency and good
governance are recognised as being essential to rnalntain the Irusl and Support ol members ol the publlc and Iheir
resulling finarKial generosity.
Page 7

ESSEX & HERTS AIR AMBULANCE TRUST
(A company Ilmited by guarantee)
TFIUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Sliaieglc R•porl
Achlov•ment3 and Performance
Operatlons
In March 2024, we took delivery ol a new AW169 aircraft lo replace our leased MD902 and operate frorn our Earls
Colne base. Following delivery and before becorning operational, this air¢iaft tsnderwenl a 12-week medical lit-out
lo equip il Wlh Ihe same specialised medical equlpment as our exlstlng AW169 al North Weald. The aircraft was
ini15ally ordered through SAS in May 2022, wilh an expected delivery in early January 2024 and operational
readiness by March 2024. However, SAS'S linancial difficulties and sale lo Gama by way of a pre-packaged
admlnistralion complicaled the situation, prompting us lo work d1l1gen￿Y wllh all parties to secur8 Ihe delivery ol the
aircraft wilhout exposing Ihe Charity to linancial risk. The potenttal financial collapse ol SAS had been on our risk
regisiar lor sèveral years and recently had been ideniilied as the highest risk. Consequenlly we had prepared
exlenslvely lor various possibl8 outcomes in Ihls regaro.
SAS'S financial difficullles could also have jeopardlsed the operalion ol our exlsling AW169 based at North Weald
and our leased MD902 based al Earls Colne. However. as part of our transition plan to Integrate a second AW169
into service, we had arranged for Ihe early lerminalion ol the MD902 lease. A pre.existing agreement was in place
lo return Ihe MD902 to SAS in December 2023, while we chartered another aircraft on a short-lerrn basis Irom an
alternative suppller, Sloane Hellcopiers Ltd. Therelor8 ihe risk to our Earls Colne operation was mltlgated whilst
we were able lo move Ihe contract lo operate our existing AWI 69 to Gama thus also milwaling the risk lo the
continuity of our North Weald operation.
The new AW169 significantly enhances our operational capabililies. It is faster, has a higher payload capacity, and
boasts greater fuel endurance cornpared lo the MD902 il replaces. Both AW169 aircraft are maintained by Gama,
which aiso supplies pilots and co-pilols. Our new contract with Gama15 consistent wilh and supports our slrategic
plan to ultimately operate under our own Alr Operator's Cerlificate (AOC). and we will collaborate wlth Gama on
thls pathway to AOC independence.
We continue to strengihen our partnerships with EEAST and the wider NHS Ihrough regular meelings and
inlormation sharing on best practices. Thi5 ensures EHAAT remains at the forelront of pre.hospital care delivery In
Ihe region. EHAAT also collaborates closely with other alr ambulance charilles. This y8ar, we launched a jolnl
inilialive with Iwo local air ambulance charities lo appoinl a Rogional Helipad Champlon. This role aims to improve
Ihe avallabllity ol nighl hospltal helipads in Ihe reglon. Currently, no Major Trauma Centres are accessible by
helicopter al night within Essex and Herllordshire. With such a limiled number ol hospital helipads available al night
in our reoion, we are also addressing this issue with local MPS and nationally Ihrough AAUK.
EHAAT continue to operale lour Volvo XC90s as RR Vs, which go on-line when th8 hellcopter shift lime ends. when
the weather is loo bad lo fly, or when the helicopter8 require serrflcing. This allows the tearns lo continue to respond
lo inci¢Jents In the reglon Irom our North Weald and Earls Colne bases when the helicopters are unavailable. Last
year, EHAAT Team5 responded lo 1.166 incidents using the RAVS.
The EHAAT Critical Care Teams have seen another small Increase In the toial number ol aclivaiions over Ihe
previous year as seen below. with an Increase in helicopter activations but a small lall in RFIV activalions
Page 8

ESSEX & HERTS AIR AMBULANCE TRUST
(A company Ilmlted by guarant•e}
TAUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Operalional perlormance dala provides Ihe following resulls:
Activations
Helicopier
RRV
2C(I
400
600
800
1.000 1,2LX) 1,41)0 1,600
2024 • 2023
Mis
iont
Mission Types
Medlcal emer8ency
Road traffic collision
Othoi vauml
Other mi55i¢)n types
200
400
800
iooo
1200
PI 2024 • 2023
tion
l ulcome
Operatlonal Outcomes
Stf*ddown
Yr••iqdbuto(bi rfftved
CoTh¥eyed iohowiial
rslQ14 •2023
Pa9e 9

ESSEX & HEATS AIR AMBULANCE TRUST
(A Mmp#ny Ilmited by guaranlee)
TRUSTEES. REPORT (coMfiNUED)
FOR THE YEAR ENDED 31 MARCH 2024
b. Clinlcal
In January 2024. Dr Tony Joy siarted substantively as Medical Director having worked an interim MD slnce June
2023 and prior to Ihal as a Govefnance Lead & Consullanl slnce 2017. He has also been a Consultanl In
Emergency Medicine al The Royal London Hospital slnce 2014. Or Garelh DaV￿S conlinues to support the senior
linical loadership team as Senior Medlcal Advisor. Both Dr Joy and Dr Davies have worked closely with Ihe Charity
lor a nurnber ol years and bring much experience in Clinical leadership and prehospitsl service development.
A new Clinlcal Sleerlng Group was lormed In late 2023 wilh a numbér of key new roles appolnled to thls cllnical
leadership group including internal appointrnenls to both Clinical Delivery Loacl and Clinical Lead posltions.
The Clinical Sleerlng Group meets rnonlhly lo oversee and shape the clinical stralegy. Alongslde Ihl$, the clinical
leadership team has also Introduced monlhly Clinical Forum meetings which allow the whole clinical learn to
conlribute and participate in clinical quality improvement and developmenl. We have also created new Team Inset
Days whlch lake place elght limes per yeaf and allow the team to undertake a deep exploration ol clinical topics to
help ensure EHAAT mainlains ils place al the lorelront of prehospitsl critical care provislon.
In order lo Iyefine key Clinical workstream5. we have lormed len Special Interest Group whlch bring iogelher
experience and enlhusiasm from wilhin the cllnical team lo develop our praclice in the lollowing areas.,
Head Injury
Cardiac Arrest
Clinicopalhological correlation
Anaesihesia & analgesia
Tasking & transfers
Silver trauma & frairiy
81eeding patients
Paediairics & obsteirics
Cllnical dlagnostics
Environmental illness
Ilnlc
Our function is to provlde hlgh quality crllical eare to our communities across Essex & Hertlordshlre. Over Ihe last
twefve months we have been lasked to 2,673 missions. trealing a tolal of 1.901 patients.
Our team lake the hospital to the palient and are familiaf wlth Ireatlng palients In all environments: roadsides,
residential properties, remote rural localions. building sites, ni9htclubs, beaches and $0 on. Our patienls are usually
either crilically injured or have sullered a severe medical evenl such as a cardiac arresl or other critical illness. The
EHAAT doclor-paramedic team not only bring expert clinical leadership and enhanced decision-making to support
our colleagues from tho ambulance service IEEAST) bul are also able lo deliver medical inlervenlions such as
anaesthesia. emeroency surgery lo Ihe chesl. blood transfusion and many other advanced treatments normally
only deliveied by hospilal specialists. Wilh our helicopters and RRVS Ihe team arè able to provide cover 24 hours
a day and also ensure Ihat transport ol patients to the fight hospital can be facilitaled the most safe and timely
way.
We have been working hard to Collaborate with our hospital partners in the region. With two Major Trauma Centres
(MTCS) in our region, and a specialisl Cardlo-Thoracic Cenlre al Basildon Hospilal, it is essential that we work in
partnershlp to ensure smooth Iransitions ol care into the most appropriale feceiving hospital. Where lime<rilical
interrfentions are requlred, we work wilh our partners lo ensure smooth and seamless clinical pathways for the
patients that need it mosl. Examples ol recenl developments include gaining 24 hour access to Cambridge
Page 10

ESSEX a HERTS AIR AMBULANCE TRUST
(A company Ilmlted by guaranlee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
University Hospital at Addenbrookes and access for specialist cardiac bypass treaiment {ECMO) for certa'n patients
al Harelield Hosptlal.
We continue lo develop Ihe service lo ensure Ihal our patients receive the mosl compassionate and expert care
possible. In 2023 we inlroduced a 'bundle ol Care, for head-injured patienls and introduced a number ol new clinical
interventions including Ihe placement of arterial lines for invasive blood pressure monitoring lor some critically ill or
inlured patients. This also incorporal8d new syringe driver devices that can conlinuously inluse speciali81
medications to provide organ support. Alongside this, we introduced new slale-ol-the-art ullrasound devices lo
6UPPOrt the diagnostic capabllity of our learn.
We also continue lo wovide prehospilal blood Products to fftose with conlirmed or clinlcally suspected haemofrhage
who require a Iransfusion. A tolal of 82 patien1$ have required a prehospllal blood Iranslusion Irom EHAAT in the
last year.
I'nul Tea
Our clinlcal ieam l)as conlinued to grow as the 8eTrice has developed acioss both bases and to provide 24 hour
cover. Our clinical operation provides a pre-hospital care docloT and Critical care paramedic on each shift. This
year we completed highly compelilive recruilrnenl ol both Criti¢al Care Paramedlcs and Flight Doctors to the team.
The Critical Care Paramedics are a core and essential eloment to Ihe provision ol care lo our palient gioup.
Seconded Irom EEAST for live years following a collaboralive recruitment process, they are key in supporting and
developing our service as well as providing conlinuity lor the Flight Doctor cohorl who are generally only with us
for twelve month sKondmenls. Our Flight DocloTS secondmenls are filled until laie 2026, with applicants Irom
across the UK, Europe, North America and Australasia. Alongslde the core Flight Doctor and Critical Care
Paramedlc roles, we also have a wlder group of emeritus clinlcians. Prehospllal Care Consultants and manager8
that provide clinical supervision, IrainSng and seNice provision. EHAAT remains cornmltted to the national
Prehospilal Emergency Medicin8 {PHEM) programme and we provide liaininp io several PHEM Irainees to
support them in becomlng the PHEM Consultants of the future.
As is essenlial lor a healthcare organisalion. we constantly review, monitor and learn Irom incKlents Ihrough our
Clinical Risk and Salety Committ8e. The Clinical Risk and Safety Committee (CRSCI has representatives Irom all
areas ol thè ¢linical and operational departmenls. The commlrtee meet monlhty lo discuss all reported Incldenls.
which can include clinical, equipmenl andlor administrative issues. Through this process, we are able lo identify
trends or themes to prornote Ouf safety culture. Output and recommendalions are then published via our safety
managemenl System, Radar. and we are able to ensure Ihal leamln9 and education Is dellvered which In lurn
maintains and improves Ihe salety ol our clini¢al operation
Ire for
The developmenl ol the Centre tor Excellence has continued throughoul 2023124 wilh several new roles
established. Across the three areas on which our research and educatlon is concerned, namely Head Injury,
Cardiac Arrest and Palienl Experience & Oulcomes, there has been a rapidly developing portlolio ol activlty. Much
of this work translates directly into operational improvements lor the clinical ieam io adopt in order to provide
cutting edge care lo the people ol Essex & Hertlordshire. However, the Centfe lor Excellence's vision extends
wider, wlth Ihe opportunity lo push the boundaries ol prehospital care through our Research & Scholarship,
Innovation. Education & Training and Community programmes.
We have delivered a number ol course5 and masterclasses covering topics across Head Inlury, Cardiac Arrest &
Patienl Outcomes & Experienc8. We have also delivered several Core Clinlcal Courses lor our clinicians, exlernal
training lo EEAST, and in April 2024 delivered a six-day Prehospilal Care Course al the North Weald base which
brought logelher a large Iralning faculty as well as ¢onlributions from staff members and volunleers across the
charity. This course was a great 5u¢Gess wilh very posrtive feedback from candidates that reflected Ihe passion
of the Cenlre for Excellence team in delivering world class edu¢aiion.
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ESSEX & HERTS AIA AMBULANCE TRUST
(A company Ilmlted by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAACH 2024
Research and scholarship activity are Inlegral lo EHAAT. In 2023124 a rwmber ol peer revlewed loumal artlcles
have been published. atongside further presenLqtions in various academic lora. One ol EHAAT'S longstanding
Critical Care Paramedics has commenced a PhD al EHA4T looking at specialisl aspects wilhin the field ol head
inlury. worklng under the supervision ol our clintcians. and collaboralively wilh the Centre lor Trauma Sciences of
Queen Mary University, London. Following a compelitive application process, EHAAT has also been $L￿essIu1
In bein9 awarded a prestiglous Vlce Chancellor's Scholarship for another PhD student who will commence in late
2024.
Better underslandlng pallent outcomes & experience is fundamenlal to all the work we do in clint¢al Care. In Ihe
last year we have made great strides in gaining improved access to data regarding pallent outcomes Includlng
providlng our clinical team wilh access lo the NHS summary records for our patients. We have al80 worked to
embed a teedback mechanisffl IPHEM Feedback) for palients that are taken to 8asildon Hospital.
We ¢onllnue to develop our Schools CPA workstrearn and have provldad CPR Iralnlng to hundreds of school
children Ihrough Ihe CPR Champlon pllot programme. As Ihis workstream gathers momentum we will support an
Increasing number ol schools in Essex & Hertlordshire wilh CPR Iralnlno. including the loan ol training equipment
and mannequins 10 enable some children lo access iraining that would otherwise nol be available. We are
recruiting a Virlual Reality fellow in partner$hlp with colleagues at Medical Realities - Ihis 8XClting role will help us
explore new training opportun1118s using cuttlng edge lechnology and allow us lo maximise Ihe potenlial lor our
CPR programme.
Our Paiient & Family Lialson (PFL) team provide an essenllal supportNe interlace lor our patienls and their
relatives in Ihe aftermath of dgvastating injury. illness or death. The PFL leam ar8 busy across Ihe large
geographical area which EHAAT serves. helping patients and their lamllies in both tho early phases ol coming to
terms wilh what has happened and also providing conlinuily ol aftercare for those that require it. Their service
brings heighten8d compassion, thoughtlulness and rellection to Ihe palient journ8y alongsld8 the 'lrcntlin8
linicians,. The PFL leam led a large Paiieni Day In 2023 and continue to develop Ihls esseniial fun￿lOn lo
rnaximlse ltte support that we can offer.
Every Tu8sday. we continue to hold Death & Dlsability (D&D) case review meetings at our North Weald airbase
which provides our clinicians wilh a whole day of rellects've learning and enables our oovernance learn to assure
the high quality of care provided at EHA4T. These D&D days are lurther complemented by input from a forensi
pathologist. who is working wilh EHAAT lo provide Clinicopathological Correlallon - using post-mortem findings lo
leam from palienl cases who died. Our D&D days remain a pillar of clinical govarnance and each is chaired ty one
ol our governance consultanls.
Every ihree months. we also host a Cllnlcal Governance Day al North Weald. Thi5 is an extemal rneeling which
brings in expeiience and inpul Irorn the widpr Gommunity and locuses on clinical areas ol interesl. We also discuss
(In conlidence) clinical cases where there are Interesting discussion and learning points that pertain to the theme
for the day. We are pleased lo be able io host these well-attended days al our North Weald facilty, helping io further
raise our profile and build partnerships with colleagues across the seclor.
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ESSEX & HERTS AIR AMBULANCE TRUST
(A company Ilmlled by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Care
mmisslon
Buildino on the 'Outslanding' inspecllon results from 2022 is importanl for EHAAT. We conlinuously stTive to loster
a culture where high quallty care is deltV8red by our teams to our patlenls at Ihelr polnl of need.
We continue lo engage with Ihe CQC and have actively been working io ensure conlinulng compliance with
regulalory standards and lo the recent changes lo regulalion and moniloring processes. We continue lo monitor
standards inlernally through our governance system and audits. Patienl experience remains at the torefronl ol our
servic8 delivery and we continue lo irnprove care delivery and palienl oulcomes. The Quality Assurance Working
Group meet regularly lo identity and discuss changes or challenges Ihal might aflect serwlce delivery.
c. Fundralslng
Over the pasl year, we have celebraled many milestones, nolably our 251h annlversary - a significant achievemenl
that und6rscor8S OU( journey and impact since our slory began in 1997. Thls landmark year not only presenled
opportunllies lo look ba¢k al past su¢cesses bul also lo press ahead wllh our amblllous goals for Ihe lulure. We
Continued lo expand our fundraising ellorts with our ongoing diversificatlon strategy.
Our key source$ ol incomo throughoul tho y•ar Included:
Our retail division has had an outstanding year of growlh. both operationally and financially. The departmenl
Contributed an amazing £257k net income to the charity seeing unprecedented year on year growth. With pre.
loved goods being al the cenlre ol ils success, donallon bags have become a key locus and in this period we
have increased our donallon bag intake by 760/.. Thls has been achieved through local campaigning arKJ raising
awareness ol oui 9 shops and our Donalion Cenlre. Our onlln8 division has gone Irom slrenglh to slrenglh wilh
a slrong locus on growing our eBay platform and introducing new income streams wilhin Ihe Donalion Cenlre, We
have launched our Vinted Shop and also developed our presence on Facebook selling our pre-loved donaled
Ilems. The operallon ol the Retail Gift Aid Scheme has been succe8slully managed during ihe year with 4.310
new supporters signed up generallng claims lotaling over £1 Ook.
in
Fle
This campaign aimed to raise £1 million by March 2024 towards helping us secure our second owned AW169
helicopier. Through a combinalion of personal gins, gifts in wi118 and corporate gifts and grants, we raised nearly
£800.000 which look us a signlllcant way towards fullllllng Ihls ambitlon thereby allowing us lo strengthen our
operational resilience for Ihe future. The success of Ihis new fundraising initialive rellects the deep personal
¢ommitment ol bolh individuals and businesses to our rnission whose support has been invaluable.
Page 13

ESSEX & HERTS AIR AMBULANCE TRUST
(A company Ilmlled by guaranlee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
ul
Our Regular Giving prograrnme has continued lo grow wilh total income for the year ofover £500,000, with associated
Glft Ald claimed in addition. Thanks to our combined efforts in canva$slng and lelemarketing, we gaw a sieady ri$e
in regular gprfing sUPPOrters, Y4elroming over 3,100 new regular giver5 during the year, bringing the lolal number to
6,814 by Ihe year end.
In Mem
ac
Our 'in memory, income remained strong durlng thls period. wlfft £296k received for the year. During Ihe year we
launched Ihre8 Gifts in Wills products and made signilicant progress oplimising Ihis area ol fundraising working wilh
Legacy Voice, a specialisl consultancy focused on helping charities raise more money via legacy giving.
Wllh a new Benefactors Piografflme, we arg better placed lo craft pgrsonalised experiences that Communicate the
prolound, lasting impact of legacy gifts. This slrategy is also focused on inspiring 5UPPOrtefS lo envislon me long-
term benefits of their gift. which signilicantly advances our mlssion.
Our corporale income grew by £50,000 thls year. A major conlributor to this growth has been an uplift in corporale
sponsorshlp, surpassing £20,000. Our Corporate Fundrai55ng Manager proactlvely networks with busSnesses and
organisalions across Essex and Hertlordshire to lorge $urxesslul and mutually benelicial partne15hips.
Our weékly lottery rernains our lafgest source ol Income and by the year end, we had 98.498 poople playlng 176,507
weekly chances in the draw, slightly down on the previous year's figures 0198,057 and 178,853 respectively. We
launched several new campaigns specifically designed to drive signups, as we conlinue to recruil and engage
8UPPOrteis amidst Ihe cuirent econornic challenges.
We contlnue to use bNo prolessional canvassing organisalions which ropresenl OUT values to Ihe wlder community.
Through contraclual terms and conditions. regular meetings and training, we ensure thal they lollow our values but
we aLs0 c105ely rnonilOT their activitiès. Any complaints received are lollowed up in delail and are reported to the
8oard ol Trustees each month. Durlng 2023-24 we received and lollowed up on 6 such complaints out of 28,611 new
sign-ups. The aclivities of these organisations are also regulaled by the Gambling Commission arKI Fundraising
Regulator. In our efiorts lo help protecl vulnerable people, we require all canvassers to be Demenlla Frlends and 10
attend a dementia awareness tralning course. Underage players are nol permitted to join the Lottery- we also Ilmil
the nufflber ol chances thal players may have in the lottery.
Like most charities across the UK. we are still feeling the eltecls of Ihe cost of living crisis, with many people having
less disposable income to make regular and one-off donations. This economlc squeeze has been particularly
noticeable in our raffles, where we've seen a signilicant decline in parttcipation. Our Spring, Summer (which
celebrated our 251h anniversary) and 1he Winter ralfle between them still generated tota5 tickel sales of £164k
compared to £171k lor the previous year.
Page 14

ESSEX & HERTS AIR AMBULANCE TRUST
(A company Ilmlt•d by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Volunteers
Our dedicated team ol volunleers noi only help wilh lundralslng aclivllies and r&sing av4arenes8 of the charity, they
also help increase income in their local communilies. By the year-end, we were supported by over 460 volunteers,
contributing hours valued al around £440k per year.
National Volunteers. Week took place In June 2023. during which we celebraled and Ihanked our army ol dedicaled
volunleers for their generosity and hard work. We shared a series ol volunteers. stories across social media. ralslng
awareness of their remarkable conlribulions.
In March 2024, we hosted our Vision'24 engagement event at our North Weald airbase as an annual update for
volunteers, iefreshing the format by bringin9 iogelher both Siaff arKI volunteers, sharing plans lor the luture lor the
first lime.
thAn
versa
Our 25th anniversary celebrallons ran Irom Juno to September 2023 and to mark our quarter-cenlury milestone we
held our very first 'Thank-a Thon.. which saw stall. representing all areas ol the charity, lake lo the phones across
our offices and airbasas to call over 4,000 supporters In one day, just to say, 'Ihank you,.
In December. we celebrated our history wrth a special 25 Year Celebration Issue ol our Flight for Lite magazine. This
edition looking back upon our Journey since 1997, showcasing the palionls, supporters. crew and slall who have
been integral to our rnisslon.
Page 15

ESSEX & HERTS AIR AMBULANCE TRUST
(A company Ilmited by guarantee)
TRUSTEES. REPOFrr (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
d)
Flnanclal Revlew
The con30lidated accounts are lor Essex and Herts Air Ambulance Trust and It$ wholly owned Irading subsldiarteg
Essex & Herts Flighl for Life Lottery Limited. Essex & Herts Flight for Life Lottery Operations Llmited, Essex & Herts
Flight for Life Lottery Cfilical Care Limited and Essex & Herts Air Ambulance Trading Limited.
The linanclal highllghts of the year Include:
Tolal incoming resources increa88d by 10.8% to £19.5m (2023 - £17.6m).
Tolal resources expended increased by 12.1% 10 £15.7m (2023 - £14mJ.
Operating Surplus increased by 2.7Y• to £3.8m <2023 £3.7m).
Relained reserves increased to £52.8m (2023 . £46.9m). Of this, £24.2rn is designaled lund8 which
includes £5m designated for the creation of a new expendable endowrnent trust, £409k is designated
lor the Centre lor Excellence and £18.8m Is deslgnated for lixed assets whl¢h Includ8s bolh alrcraft
and the airbase al North Weald.
A breakdown ol amounts held In spKlfl¢ funds lor restricted, unrestricted and deslgnaled purposes 18 shown In
note 18 01 the financial slalements.
Incom
ner
Donalions and collecb'on lins conlinued to perform well up by £178k {9.5Y.} trorn last year and are now above pre-
pandemic levels. Retail income Irom our charity shops conlinued lo grow signilicanlly and was up £41 Sk (43.7%
on the previous year. Lott8ry sales d8clin8d by £230k as new players reciuiled did not quite replace those who
Cancelled their membership. Legacy income in the year benefited from an excepiional £2.1m bequest which
conlribuled signillcanuy to our total legacy Income for Ihe year 01 £4.6m up over £1.2m on the previous year.
Reported tolal group income (incorning resources> increased in total by £1.9m110.8¥.) over Ihe previous year.
Resources Ex end
Tolal 9rcup expenditure (resources expended) Increased by £1.8m (12.1%> In the year. Thls was mainly driveft
by increased expenditure on Charllable Aclivities wlth lurlher planned gr0￿h in Ihe Centre for Excellence iniliative
¢oupled wllh the exceptional costs incurred relating to the sale ol SAS lo GAMA Avlalion and also higher ongoing
helicopter operating Costs th8reaft8r.
Performa
cesu
ma
Increases in income meant that despite the cost Increases delailed above. the operating surplus was malnlained
at £3.8m, up sllghlly on the pfe¥ious year.
Our net cash balances and investment5 at the year end were £35.4m, down £0.9m frorn last year as we ulilised
funds speeilically allocated lor the purchas? of Ihe new aircran.
Page16

ESSEX & HERTS AIR AM8ULANCE TRUST
(A company Ilmlted by guaranlee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Reserv
s Polic
Free reserves are freely available to be speni on any of the Charitys purposes; these amounts are contalned
wilhin the General Fund. In this conlext, reserves exclude langible lixed assets held for the Charity's use. The
Trustees aspire to hold belween 12 and 24 months of total expenditure in unresliicled general reserves to
safeguard the operation ol Ihe seNice should our income fail or we face an unexpected eventuality. Current
unreslricled general reseNes represent 18 months, forecasl tolal expenditure. The Trustees consider the curfenl
levels of reserves to be appropriale in ensurlng Ihe Charty remains linanclally robust and Ihat il can conlinue lo
operate durlng periods ol uncertainty, such as Ihose experience over recent years, 8elow is a breakdown ol the
ieserves.
2024
52,765,123
2023
46,881.615
Total reserves
Less..
Deslgnaied reseDie3
Endowment lunds
Reslricled ieseNes
Free reserve8
19,236,935
{5.000,000}
(9,894)
28,518,294
(25,169.097
45,4321
21.667,086
Our Investmenl Portfolio is now managed by LGT Wealih Managemeni lollowing thelr acquisilion in 2023 01
abidn's Charity and Prsvate Client business, bul our principal client management team remain the same. LGT Is
the largest lamily-owned prlvate banking and asset managerneni group in the world, managino around £250bn
lor high nel-worth prlvate Individuals, ¢haiilies and institutional clienls. Durlng the year our portlolio increased In
rnafket value by £2.5m, having a markel value ai Ihe year end 01 £28.6m. Thls Is a notsonal gain only: our
investmenis are held lor the medium fo long ierm and are made using prolessional Investment advice. In plannlng
our investmenl slralegy we consider the securlty ol our Inveslments, our tuture lunding needs and market returns
available for a given level of risk.
Page 17

ESSEX & HERTS AIR AMBULANCE TRUST
{A company Ilmlted by guaranloe)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Plans for the lulur•
Clinical
We are conslanlly seeking to push lorward Ihe boundaries of prehospital medlcine so that we can improve the
oulcomes for more patients. In 2023 124 we have worked lo develop our clinical leadership and team structures to
enable us lo maxirnise our efforts on clinical development and innovatlon, alongside the foThiard-Ihinking Cenlre
lor Ex¢ellen¢e workslrearns. Some of Ihe clinical areas urKler d8velopmenl presenlly include..
The introductlon ol Vldeo Laryngoseopy
Regional Anaeslhesia (largeled analgesia) IOT hip and rb Irac￿reS
Uslng roadside blood lest devices and resulls lo improve care for severely head injured pauents
The main focus for Operations over the coming year is lo conlinue towards our goal of holding our own AOC. We
have lorrned a Jolni Managemenl ol Changè Task Force wilh GAMA as we $88k lo work collaboratively together
to achieve this goal. We expect lo see the Charity ily using ils own AOC at th• latest by the early months of 2026.
in
As we look lo Ihe lulufe, our locus rernalns on enhanclng and exparKllng our Incorne strateg18$ especlalfy as we to
conlinue to manage Ihe impact ol Ihe cost ol living crisis on our income. We will continue lo diversify our revenue
streams wilh a focus on growing our regular giving programme and bringing more supporters onio our CRM syslem.
This will enable us lo cultivate and deepen relationships wilh warm SUPPDrters through a more supportive and
parsonalised journey. In addition to these efforts, we aim to develop our corporale partnerships, connecting with
businesses Ihai nol only align with our values and support our misslon bul a150 contrlbuie to the wlder community.
A key area ol our strategic development Is the scoplng and implementalion ol a new CRM system, whlch will
streamline our operations and enhanc8 our ability lo connect wilh supporters arKI measure the impact ol our
lundraising inilialives, ensuring ihat we continue to adapt and evolve with their needs.
We now have a solid framework in place lor our Benelaclors Piogramme and look lorward to Ihe new perspectives
and slraiegies which our now Head ol Phllanlhropy and Partnerships together with our newly lormed Development
Board will bring.
Retail
In line with our retail strategy, Ihe expansion of our relail division will continue with the r8cent relocation of our
Mersea IslanLI shop. which has moved across Ihe road to a lar9er more effeclive space. Tho new shop now includes
Improved donation lacllilies and parking lor easier drop-offs. helping lo rnaximise lootlall and enhance Ihè
experience for Ihose shopping sustainably. We also have plans lo open a new shop In Stevenage and are actively
looking lor a new location in Ihe Colchester area as a commercial decision has been made lo close our existing
shop. At Ihe same lime. we
Page 18

ESSEX & HERTS AIR AMBULANCE TRUST
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
will be enhancing our ecommerce operalions, locusing our growth on plallorms such as eBay and Vinled to boost
Ihe visibllity and sales ol goods kindly donated by our supporters. To support the huge gromh and potential In this
area we w511 be appoinlfjng a Relail Commercial Direclor to lead Ihls ever expanding and hlgh performing ieam.
muni
Our cornrnunicalions team Is actively exploring new opportunities to boost traffic and engagement through Our
website. with a locus on increasing donations and requests for lundraising packs. Social media is key to connecting
with our supporters, and we are looking al ways lo enhance our interaction across Facebook, Instaoram and TlkTok.
The leam has also begun Implemenling a mor• granular approach to campaign tracking across our online activities,
enabling us to make data-driven decisions which will improve the performance of lulure campaigns. We are also
preparing lor Ihe relaunch of our Flighl for Lifè Lottery in Sepiernber 2024.
l) Dev?lopm•nl of Key Partn•r8hlps and R•latlonghlp$
We continue lo work closely with our neighbouring air ambulances, including EAAA, MAGPAS Air Ambulance,
London's Air Ambulance, Thames Valley Air Ambulance. Dorset & Somerset Air Ambulance and Alr Ambulance
Kent Surrey Sussex. sharing knowledge And operating praclices. We continue to work in partnership with EEAST
as we work closely with Iheir new senior managemeni ieam.
We continue lo work closely wilh our colleaoues al Anglia Ruskin University which includes working lo help 8gcure
loinl funding lor research projects.
AAUK conlinue lo bring the wider UK Air Ambulance communilies together and EHAAT is involved in a variety of
areas including being a mernber ol Ihe Envlronmenlal Suslalnabilily Slraleglc Innovation Commillee which is a new
working group looking at how Ihe sector can reduce its environmental impact.
We continue lo welcome a number of cross-paty MP'S and communlty leaders, engaglng them In our work.
g) Prlnclpal Rl•k• and Un¢ert•lntle$
The Trust operates a bespoke risk managemenl $olhvare system. The TTuslees havo a risk management
approach Ihal comprises..
An ongoing review ol the risks the Charity may face, with risks being enlered onto a risk reglsler. The
Executive Team regularly reviews risk. The regisièr is discuss￿ at least once a year al board meetings
and al every Audil & Risk Committee meetlng.
The establishment ol syslems and procedures lo miligate risks
The implemeniation ol proc&dures design8d lo minimise any potential irnpacl on the Trusl should iisks
rnaterialise
Use of a risk management system lor all clinical occurrences, reviewed by the Clinical Risk and Saléty
Comrniltee.
The Trustees consider Ihat the most slgnlflcanl rlsks lo the Charity are currently ihe financial impacts ol a
sustained period of high intlalion. financial and operalional risks associated with a cyber-attaGk and reputational
risk resulting Irom adverso publicity for the Charity or the charity sector in general which impacts our ability to
raise funds.
Page 19

ESSEX & HERTS AIR AMBULANCE TRUST
(A Cornpany Ilmlled by guarantee)
TRUSTEES. AEPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Tru#l••*' Flespon*lbllltl•8 In A•lallon to the Flnanclal Stalem•nt•
The Trustees (who are also directors lor th8 purposes of company law) are responsible lor preparing the Trustees,
Annual Report {including the Siraleglc Report) and the Ilnancial Slalements in accordance with applicable law and
United Kingdom Accounting Standards {United Kingdom G8nerally Accepted Accounting Practice).
Company law fequlres the Trustees lo prepare linanclal statements for éach finan¢lal year, which glve a true and
lair view of the stale ol atfairs ol the charilable company and the group and of their incoming resources and
applicatlon of resources, including the income and expenditure, of ihe charitable company and the group lor that
period.
In preparing Ihese flnancial statemenls, the Truslees are required to,.
select suitable accounting policies and then apply them conslslently
obseNe Ihe methods and principles in Ihe Charities siatemenl ol Recommended Practice (SOFIP)
make judgemenls and estimates Ihal are reasonable and prudent
slate whother applicable UK Accounling Standards have been lollowed, subJecl to any material departures
dlsclosed and explained in th8 linancial slatemenls
prepare the linancial 51alements on a going concern basis unless it is inappropriate lo wesume that the
charilable company and the group will continue In operallon
The Trustees are responsible lor keeping adequate accountino r￿OrdS Ihal disclose with reasonable accuracy
81 any time the Ilnanclal posllSon ol the Trusl and the group and enable Ihem lo ensure that Ihe linan¢ial Slalements
comply wilh the Companies Acl 2006 and Ihe provisions ol the Trust's constitulion. They are also responsible for
safeguarding Ihe assets ol Ihe Trust and the group, and hence taking rea50nable steps tor Iheprevenlion and
detectlon ol Iraud and other Irregtslarllies,
In accordance wilh company law, as Ihe Charity's trustees, we certity Ihal:
So far as we are aware, there is no relevant audit information ol which Ihe Trusl's auditors are unaware
As the Trustees of the Ch8fity, we have iaken all th8 St8PS that we ought lo have taken in order to mak8
ourselves awafe of any ielevant audlt Inlormab'on and to eslabllsh that Ihe Charity's audllors are aware ol
the information
Audilors
A resolulion will be ¢onsKlered to reappoint Crowe UK LLP as audilor8 to Ihe Twst lor the ensuing year.
Approved by order ol the members of the Board of Trustees on
291111%4
and signed on their behalf by:
7d.
Jonathan Trower
Chalr ot Tru$tee•
Page 20

ESSEX & HERTS AIR AMBULANCE TRUST
(A Company Ilmlled by guaranlee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ESSEX & HERTS AIR AMBULANCE TRUST
Oplnlon
W8 have audiled Ihe linanclal sialemenls of Essex & Herts Air Arnbulance Trust (the 'parenl charitable
company.) and its subsidiaiies (the 'group') lor the year ended 31 March 2024 which comprise the Consolidated
statement ol financial actsvities, the Consolidaled balance sheet, the Company balance sh8et, the Consolidatèd
statemeni ol cash Ilows and the ielaled notes, including a summary ol significant accounting policies. The
financial reporting frarn8work Ihal has been applied In Iheir preparalion is applicable law and United Kingdom
Accounting Standards, including Financlal Reportin9 Standard 102 'The Flnancial Reporting Standard applicable
in the UK and Republic of Ireland. {Uniled Kingdom Generally Accepted Accounling Practice).
In OUT opinion the linanciaj slat8ments.'
give a true and falr view ol the slate ol the Group's and ol the parent charltable ¢ompanVs allalr8 as at 31
March 2024 and of the Group's incoming resources and application ol resources. including its income and
expenditure lor the year Ihen ended.,
have been property prepared In accordance wlth Uniled Klngdom Generally Accepled Accounting
Practice; and
have been prepared in accordance with the requiremenls of the Companies Act 2006.
Basls lor oplnlcn
We conducled our audit in accordance wlth Inlernalional siandards on Auditing (UK> IISAS {UK}l and applicable
law. Our responsibilities under those slandaids are ILJrther described in the Auditor's responsibilities lol the audit
ol Ihe linancial stalemenls section ot our repon. We are independenl of the Group in accordance wilh the ethical
requiremenls that are relevant to Ouf audil ol the financlal statemenis In Ihe United Kingdom. including Ihe
Financial Reporting Council's Ethical SlarKlard, and we have lulfilled our other ethical responsibllilies in
accordance with Ihese requirements. We believe Ihal Ihe audit evidence we have oblained is sullicient and
Appropriate to provide a basis lor our oplnlon.
Conclu8lons relatlng io golng concern
In auditing Ihe financial stalemenls, we have concluded thai the Trusle¢s' use ot thè golng concern basis ol
accounting in the preparation ol the financlal statemenls is appropriate.
Based on the work we have perlormed. we have not identified any mat¢rial uncertainties relating to events or
conditions that, individually or collectively, may casl significant doubt on the Group's or Ihe parenl charilable
eompanvs abilty lo continue as a going concern lof a period of al leasl ￿e1ve months from when the financial
statemenls are authorised for issue.
Our re$pon$ibilitio$ and the re$ponsibllilie$ of th• Tfuslees wlth respect to 90ing con¢•rn aro dgs¢ribgd In th•
relevant seclions ol this ieport.
Page 21

ESSEX & HERTS AIR AMBULANCE TAUST
(A company Ilmlled by gugrantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ESSEX & HERTS AIR AMBULANCE TAUST
(CONTINUED)
Other Inlormallon
The other nformation comprises the Informallon included In Ihe Annual report other than the flnancial statements
and our Auditor's report Ihereon. The Trustees are responsible foi the other Inlormalion contained within the
Annual report. Our opinion on the linancial statements does not cover the other Inlormallon and, excepl lo the
extent otherwise expltcilly slated in our rerx)rt. do nol express any form ol assurance conclusion thereon. Our
responsibi1Sty is to read the other inlormalion and, In doing so, Consider Ythelher Ihe Olher inlormation Is
materially inconsisl8nt with iho financial slalement5 or our knowledge obtalned in the course ol ihe audil, or
olherwise appears to be materially misslated. If we identify such material inconsistencies or apparent material
misstalemenls, we are required lo dateimlnè whelhar ihls gives ri$8 to a materlal misstatement in the financlal
slalements Ihemselves. 11, based on Ihe work we have performed, we conclude Ihal Iherg is a materlal
misslalemenl of Ihis other inlormalion, we are required lo report that lacl.
We have nolhlng lo report in this regard.
Oplnlon on oth•r matters pr•scrlbed by lh6 Companl•g Aei 2006
In our oplnion, based on the work undertaken in Ihe course of Ihe audll:
the inlorrnalion given in Ihe Trustees. Report including tho Strateglc Report lor Ihe flnancial year lor which
the linancial statements are prepared is consistent wilh tho Ilnancial $lalements.
the Trustees, Report and the Stralegic Raporl have been prepared in accordance with applicable legal
requirements.
M•lters on whlch we are required to report by exc•piion
In the light ol our knowledge and understanding ol Ihe charitable company and its envlronment obtained in the
course of Ihe audit, we have not idenlilied material misstatarnents in th8 Trustees, Report including the Straleglc
Report,
We have nothing lo report in respect ol the following matters In ralalion to which Companies Act 2006 requires
us to report lo you il, in our oplnion:
the parenl chaiitable company has nol kept adaquale and 8uffi¢lent accounting records. or relums
adequale lor our audil have not been received from branches not visited by us; or
the pareni charitable company financial statements are nol in agreemenl with the accounting records and
relurns: or
certain disclosures ol Truslees. remuneralion specifled by law are not made., or
we have not received all the inforrnalion and explanallons we require for Our audil.
Regponslbilltleg ol Irustees
As explained more fully in the Truslees, responsibilities slal8m8nt. the Trustees (who 8rÈ also the direclors of the
charilabl? company lor Ihe purposes ol company lawl are responslble lor Ihe preparalion of the linanclal
slalemenls and for boing satisfied that they give a Irue and fair view. and for such internal conlrol as the
Trustees dèterrnine is necessary to enable Ihe preparation of financial slalements thal ale Iree from material
misslatemenl, whelher due to Iraud or èrror.
In preparing the financial stalemenls, the Trustees are responsible lor assessing the Group's and the parent
charitable companys ability lo conlintje as a going concern, disclosing, as applicable. matters related to going
concern and using ihe going concern basis of accounting unless the Trustees either intend to liquidate the Group
or the parent charitablg company or to cease operallons. or have no realisiic amernative bul lo do so.
Page 22

ESSEX & HERTS AIR AMBULANCE TRUST
(A company Ilmlted by guarant••)
INDEPENDEKf AUDITOR'S REPORT TO THE PIEMBERS OF ESSEX & HERTS AIR AMBULANCE TRUST
(CONTINUED)
Audllor's responslbi1111g8 for Ih? audlt ol Ihe 1Snanclal 8talomgnt8
Our objeclives are io obtain reasonable assurance about whelher the financial stalemenis as a whole ara Iree
Irorn malerial misstalemenl. whelhei due to Iraud or error. and to issue an Audilor's report Ihal includes our
opinion. Reasonable assurance Is a high level of assurance. but 15 nol a guarantee Ihat an audit conducled in
accordance with ISAS (UK) will alvrdys detect a material misstalemenl when it exists. Misstalements can arise
Irom traud or error and are considered malerlal if, individually or in Ihe aggregate. they Could reasonably be
expected to influence the economlc declsions of users laken on the basis of these financial stalements.
Irregularities. Including fraud, are Inslances ol non<ornpliance wilh laws and re9ulalions. We design procedures
In line with our responsibilities, oullined above, lo delect rnalerial misslatements In r8sp8cl ol irregularities.
Including fraud. The exlent lo which our procedures are capable of detecting irregularities, including fraud is
delailed below..
We obtalned an underslanding of the legal and regulatory frameworks wllhin which the company operates,
focusing on Ihose laws and regulations that have a dlrect elfect on the deierminallon ol maierlal amounts and
disclosures in the linanclal slalemenls. The laws and regulations we considered in this cont8xI were lh&
Companies Acl 2006, Charilies Acl 2011 and SORP 2015.
We Identilied Ihe gToatesl risk ol malerial Impacl on the linanclal statements from Irregularilles, In¢ludlng fraud.
to be the ovefride ol controls by managernenl. Our audit procedures lo respond to thèse risks included..
enquiry ol management aboul th8 Group's polici85. procedure5 and related controls regarding compllance
with laws and regulations and il there are any known instances of non.compliance:
examining supporting documents lor all material balances, transactions and disclosufes.,
review of the board meeting minules:
enquiry ol rnanagemeni and revlew and inspection ol relevant correspondence:
evaluaiion ol Ihe selecl¢on and applicatlon ol accounllng policies related lo subleclivè measurements and
eomplex Iransactions:
analyts'cal procedures lo identify any unusual or unexpected relationships.
lesling the approprialeness of journal entries recorded In the general ledger and olher adjuslrnent$ made
In the preparalion ol Ihe linancial $lalemenls.' and
review of accounting estimates for biases.
Owing to the Inherent limltations of an audit. there Is an unavoldable rlsk that we rnay not have deleeted some
material misstatemenls in the financial statements. even though we have properly planned and performed our
audil in accordance with audiling slandards. We are not responsible for preventing non-compliance and cannot
be expacted to delect non<ompliance wlth all laws and regulations.
These inherent limilations are particularly signilicanl In the case of misslatement resulting trom traud as Ihis may
Involve sophislicaled schemes desi9n8d to avoid delecllon, Includlng deliberate lailure to record transactions,
collusion or the provision ol intentional misrepresentations.
A further descripiion ol our responsibllliies lor the audit of the financlal $latemenls 13 located on the Financial
Reporting Council's website at.. w*ww.Irc.or
.uklaudilorsres
onsibilities. This des¢ription forms part of our
Auditorfs report.
Page 23

ESSEX & HERTS AIR AMBULANCE TRUST
(A company Ilmlted by guarantee)
INDEPENDETrrf AUDrroR'S REPORT TO THE MEMBERS OF ESSEX & HERTS AIR AMBULANCE TRUST
(CONTINUED
Usè of our r¢port
This report Is made solely io the charitable companys members, as a boty, In accordance vmh Chapler 3 of Part
16 01 Ihe Cornpanles Act 2006. Our audit work has been undertaken so Ihal we might slale to Ihe charitable
COMpan￿S members those matters we are iequired to slate lo Ihern in an Audilor's report and for no other
purpose. To Ihe fullest exient P8rmitted by law, we do not accept or assume responsibility lo anyone other Ihan
Ihe charllable company and Its members. as a body. lor our audil work. lor thls report. or lor the opinions we
have lormed.
lan Week•3 (Senloi statutory •udllor)
lor and on b8hall of
Crowe U.K. LLP
Slalulory Audilor
Riverside House
40- 46 High Street
Maidstone
Keni
ME14 1JH
Date:
Page 24

ESSEX & HERTS AIR AMBULANCE TRUST
{A company Ilmited by guarantee>
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND
EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Restrlcled Unreslrlcted
fund8
lunds
2024
2024
Total
lund8
2024
Total
lunds
2023
Note
Income Irorn:
Donalions and legacles
Charitable actSvities
Olher Irading a¢livilles
Investments
99,637
17,424
14,000
7,369,343
47,341
10,963,287
1,013,787
7,468,980
64,765
10,977.287
1,013,787
6,118,214
93,112
10.798, 770
618,772
Total Income
131,061
19,393,758
19,524,819
17.628,818
Expendlture on:
Raising lunds
Charitable activities
6,455
19,721
5,784,123
9,933,405
5,790,578
9,953,126
5,131,902
8.819,319
Tolal expendlturo
26,176
15,717,528
15,743,704
13.951,221
Operatlng surplus
Nel gainsl(losses) on Investments
104,885
3,676,230
2,102,393
3,781,115
2,102,393
3,677,597
(1,214,487)
Net Incomè
Tlanslers between funds
104,885
1140,424)
5,778,623
140,424
5,883,508
2,463, 110
18
Nel movement In lunds
(35,539)
5,919,047
5,883,508
2.463. 110
Aeconclllatlon ol tunds:
Toial funds brought lorward
Nel movement in funds
45.432
(35.539)
46,836,183
5,919.047
46,881,61S
5,883.508
44.418,505
2.463,110
Total tunds carrled lorward
9.893
52,755,230
52,765,123
46,881,615
Ttr￿ Consolidated Statement ol Financial Activities include5 all gains and losses recognised in the year.
The notes on pa9es 29 10 52 lorrn part ol Ihese financial stalements.
Page 25

ESSEX & HERTS AIR AMBULANCE TRUST
(A Company limlted by guarantee)
AEGisfERED NUMBER: 05397840
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Flxed assets
Inlanglble assels
Tangible assets
Investment8
12
13
14
3, 192
19,303, 726
32,437,175
18,827,405
31,915,858
50,743,263
51,744,093
Currenl a99et$
Stocks
Debtors
Cash at bank and in hand
15
16
14,570
1,585,365
3,449,241
16,809
1,971,645
3,901.303
5.049,176
5,889,757
Creditors.. amounts lalling due Mthln one
year
17
{3,027,316)
(10. 7S2.2351
N81 curranl esmts I Ilabilites
2,021.860
(4,862,478)
Total net assels
52,765,123
46,881,615
Charlty funds
Resirict8d lur¢ds
Unrestricted funds
18
18
9,893
52,755.230
45,432
46,836,183
Tolal tund8
52,765,123
46,881,615
The Trustees acknowledge Iheir re8ponslbllilles lor complying with tho requirements ol lh8 Acl with respect to
accounling records and preparation ol financial slalemenls.
The fft'nancial staternents were approved and aulhorised for issue by th? Trustees on 3q/ii134 and signed on
their behalf by..
Jonalhan Trowel
(Chair ol Truslees)
The notes on pages 29 10 52 lorm part of these linancial statements.
Pag8 26

ESSEX & HERTS AIR AMBULANCE TRUST
(A company limlled by guarantee)
REGISTERED NUMBER: 05397840
COMPANY BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Nole
Flxed assets
Inlangibla assets
Tangible assets
Inveslments
12
13
14
3, 192
19.303, 726
32.437,179
18,827,405
31,915,862
50,743,267
51, 744,097
Current as$ei$
Stocks
Debtors
Cash ai bank and In hand
15
16
14,570
3,246,285
1,150,648
16.809
4,204,114
1,086,272
4,411,503
5,307,195
Credltois: amounts falllno duo wllhln one
year
17
(2,389,647)
(10.169.677J
Net eurrenl a$gel$ I Ilabililes
2,021,856
14,862,482)
Tolal nel assels
52,765,123
46,881,615
Charlty funds
Restricted lunds
Unrestricted funds
18
18
9,893
52,755,230
45.432
46,836,183
Total lunds
52,765,123
46,881.615
The Cornpany's net movement in funds lor Ihe year was £5.883.508 {2023 - £2.463,110).
The Trustees acknowledge Iheir fesponsibilltSes tor complying wlth the iequlrements ol Ihe Act with respect to
accounting records and preparation ol financial slalemenls.
The financial stalemenls were approved and authorised lof issue by the Truslees on
2911113
and signed on Iheir behall by:
Jonathan Trower
(Chair of Trustees)
The notes on pages 29 to 52 lorm part ol thèse financial slatements.
Page 27

ESSEX & HERTS AIR AMBULANCE TRUST
(A company Ilmlled by guarantee)
CONSOLIDATED STATEMEKf OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Cagh flaws trom operallng ocllvllles
Nel cash generated in operaling aclivrtles
(4,809,054) 2,294.200
Cash tlow• Irom Inv•8llng acllvltle$
Dividends. interests and rents from investments
Proceeds Irom Ihè sale ol tangibie fixed assels
Purchase of tangible and inlangible assels
Proceedg Irorn sale ol investments
Purchase of investments
1,013,791
14987
(366,255) (1, 176.5201
14,632,181
16.084,537
(10,939,712) (16,648.441)
618.722
Nel ensh provlded byl(used In) Inve$llng octlvllles
4,356,992 (1,121,702)
Cash IIow8 from Ilnanclng 8ctlvlll•$
Nel cash provlded by Ilnanclng aetlvllle•
Change In cash and cash equlvalont8 In tho year
Cash and cash equivalenls al the beginning ol the year
(452,062> 1,172,498
3,901,303
2, 728,805
Ca$h and cash equlvalents at th• end of Ihe year
3,449,241
3,901,303
The notes on pages 2910 52 fomi part of these fIna￿la1 statements
Page 28

ESSEX & HERTS AIR AMBULANCE TRUST
(A company Ilmlled by guarantee)
NOTES TO THE FINANCIAL STATEMETrThS
FOR THE YEAR ENDED 31 MARCH 2024
General intormallon
Essex and Herts ￿'T Ambulance Trust is a company limiled by guaranlee (regislered number 053978401
which is incorporated and domiciled in England. 11 is also registered as a charlty wilh the Charity
Commission (registered number 1108989). The address ol thg regislered office Is The 8uslness Centre,
Earls Colne Business Park. Earls Colne Colchester, Essex, C06 2NS.
A¢Gountlng pollcles
2.1 Basis ol preparatlon of Ilnanclal statem•ntg
The linancial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Chariiies.. Slatemenl of Recommended Practic8 applicable lo charities
preparing iheir accounts in accordance wlth Ihe Flnanclal Reporilng Slandard applicable in the UK
and Republic of Ireland IFRS 102) {ellective 1 January 2019). the Financial Reporling Standard
applicable In Ihe UK and Republic of Ireland (FRS 102) and the Companies Acl 2006.
Essex & Herts Alr Ambulance Trust meels tha delinition ol a public ben81il enlily under F14S 102.
Assets and liabililies are inilially recognised al historical co81 ¢y Ifansactson value unless otherwise
61aled in the relevanl accounting policy.
The financial statements have been prepaied on a golng concem basls as the Trustees believa that
no material uncertainties exist. The Trustees have considered Ihe going concern assertion by
assessing ihe lev81 ol lunds held and th8 expected level of income and expendilure tor 12 monlhs
from aulhorising these linancial statements. The budgeled income arKJ expenditure Is sull￿18n1 with
the level of reserves for thè Charity to be able lo continue as a goin9 concern.
The Consolidaled slalemeni of Ilnancial aclivllles (SOFA) and Consolldaied bala￿e sheet
¢onsolidale the linancial statemtnls ol the Company and ils subsldiary undertaking. The results ol
the subsldiary are consolidated on a line by line basis.
The Company has taken advantage of the exernplion allowed under secilon 408 of th8 Companles
Acl 2006 and has noi presenled ils own Slalement ol financial acknvities in Ihese linancial stalements.
Page 29

ESSEX & HERTS AIR AMBULANCE TRUST
(A company llrnlt￿ by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
A¢countlng pollcles (conllnued)
2.2 Income
All incoming resources are included in Ihe Statemeni ol Flnancial Aclivlties (SOFA) when the char
Is legally entilled lo Ihe income after any perf￿rnan¢e condilions have bean met. lh8 amounl can be
measured reliably and it is probable Ihal the income will be received.
For donalions lo be recognised Ihe Charity will hav8 bean notilied of the arnounts and the settlement
date in wriling. 11 there afe conditions attached to the donation and this fequlres a level of
performance before entitlement can be obtained then income is deferred until those conditions are
fully met Of lulfillmenl of those condit6ons 18 within the control ol Ihe Charlty and It Is piobable thal
they Mll be fullilled.
Donaled lacllllles and donated prolessional servlces are recognised In Incorne al their falr value when
their economic benefit is probable. it can be measured reliably and Ihe Charty has conlrol over Ihe
Item. Fair value is determined on ihe basis ol th8 value of the gift to the Charity. Foi example, the
amount Ihe Charity would be wllling to pay in the open market lor such lacilities and services. A
orrespondlng amounl is recognised in expenditure.
No amount is included in the financial stalemenls lor volunleer timp in line with the SORP (FAS 102>-
Furth8r detail is given in the Trustees, Annual Report.
Legacy gifts are recognised on a case by case ba$ig following ihe granling of probale when the
administralor18xeculor for thè estate has communicated in writing both Ihe amounl and sèttlement
dale. In the event that the gift is In the lorm ol an assel olher Ihan cash or a linancial asset traded on
a recognised stock exchan98, recognilion Is subject to the value ol the gift being reliably measurable
w5th a degree ol reasonable accuracy and Ihe lille to the asset being translerred lo the charty.
R•versionary legacles are not recognised during the lilelime ol Ihe orlginal beneficiary under the wlll.
Income from Irading aclivilies includes income 8arned Irom lundraising events and Irading aclivities
to raise funds for the charity. Income Is received in exchang8 lor supplying goods and seniices in
ordgr to raise lunds and is iecognised when enlitlemenl has occurred. Goods donated for resale aro
Included in the accounls when Ihe ilerns are sold.
The Charity receives grants in respect of furthering its charitable activilies. Income Irom grants is
recognised al lair value when th8 Charity has enbllement after any perlormance condltions have
been mel, it is probable that Ihe incorne will be received and Ihe amounl can be measured reliably. If
entitlement is nol mel then these amounls are deferred.
Inveslmenl income is earned through holding assets for investment purposes such as shares. It
Includes dividends and interest. Oividend income is recognised as the charity's fight to recelve
payment Is established.
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity,. this is normally upon notification of the interesl paid or payable by Ihe bank.
Income lax re¢overable in relation lo donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Page 30

ESSEX & HEATS AIR AMBULANCE TRUST
(A ¢ompany Ilmlted by guaranlee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Ac¢ounlSng policles (contlnuad)
2.3 Expenditure
AFI expenditure is accounled lor on an accruals basls and has been classified under headings that
aggregate all costs related to the category. Expenditure is recognised where there is a legal or
constructive obligation to make payments to thlrd parties, il is probable that the settiemenl will b8
required and the amount can be measured reliably.11 1$ categorised under Ihe lollowing headings..
Costs of ralslng lunds Includes cosls Incuffed seeking voluntary contribulions through
donations, cosls ol trading activities and Ihe runnlng ol lundraising events durlng ihe
reporting period,. and
Expendilure on charitable activitl8s includes all costs incurred on lurthering the objects ol the
Charity.
Irrecoverable VAT is charged as an axpense against Ihe aGtivity for which expendilure arose.
Support costs are those thal assisl the work of the Charlty bul do not directty represent charllable
aclivilie5 and include oflice cosls. governance costs and adminisiralive payroll costs. They are
Incurred dlieclly In support of expenditure on the objects ol the Charity and include pioleci
management carried out at Headquarters. Salary cosls are attributed lo projecls based on direct
salary costs. Where support costs cannot be directly artribule¢J to panicular headings Ihey have been
allocaled to cosl ol ralsing funds and expendilure on charltable act￿li1eS on a basis consislenl with
the use of the resources. All costs were allocated on the basis of slalt lime, wilh the exceoion ol
property costs which were all¢xated by areas used.
Costs ol generating funds are costs Incufred in attracting voluntary income. and those Incurred in
trading activities Ihat raise funds.
Charitablè activilies and Governance costs are costs incurred on Ihe companls operalion5, including
support costs and costs relating lo Ihe governance ol the company apportioned to charitabl8
aclivltles.
Expendilure on charitable aclivilies is incurred on directly undertaking Ihe activities which lurther the
Group's objecllves, as well as any associated support costs.
All expenditure is inclusive ol irrecoverablè VAT.
2.4 Govornmenl gvants
Grants afe ciedited lo Ihe Consolidated stalement ol finanGial acts'vilies as Ihe related expendlture is
incurred.
15 Taxatlon
The cornpany is consideied to pass the tests set oul in Paragraph 1 Schedule 6 01 Ihe Finance Act
2010 and therelore it meets Ihe definition ol a charilabie company lor UK corwration tax purposes.
Page31

ESSEX & HERTS AIR AMBULANCE TRUST
{A company Ilmlled by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCII 2024
Accountlng pollcles (contlnued)
2.6 Inlanglblo a88et$ and amortlsalion
Inlangibl8 assets ¢osling £3,000 or more are eapilalised and recognised when luture economlc
benefits are probable and the co81 or value ol the asset can be measured rellably.
Intangible assets are Initially recognised at cost. After recognition, under the cost model, inlangiblo
assets are measured al cost less any aceumulated amortisation and any accumulated Impairment
losses.
Amortisalion is provided on inlangible assets al rates calculated to wrlte off Ihe cost of each ass81 on
a slraighl.line basis ovgr 11$ expe¢led uselul lile.
Amorlisatlon Is provided on the lollowing basls:
Compuler 80ftware
25 Vo Straight lin•
2.7 Tanglbl• Ilx•d assolg and depreclallon
Tangible lixed assets costing £3,000 or more are capitalised and recognised when future economic
benefits are probable and tho cost or value ot the asset can be m•asured reliably.
Tangible fixed assels are Initially recognlsed al eosl. After recognition. under the cost model. tangible
lixed assels are measured al cosl less accurnulated depieciation and any accurnulaled Impalrment
losses. All cosls incurred lo bring a tangible lixed assel into ils inlended working conditlon should be
included in the rneasurement of cost.
Depreciation is charoed so as to allocate Ihe cosi ol tanglble Ilxed assels less thelr resldual value
over Iheir estimaled uselul lives, using ihe straight-line melhod,
Depreciation is provided on the lollowng bases:
Long.lerm leasehold property
Short-terrn leasehold property Straighi line over the lengih of the1oas•
Helicoptef
20 years slraight line
Motor vehicles
2-4 years straight line
Fixlures and fittings and
2-8 years stralghl line
computer equipment
Assets under construclion
Clinical equipment
3-4 years straighl line
Page 32

ESSEX & HERTS AIA AMBLILANCE TRUST
(A company Ilmlted by guaranloo)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles (conllnued)
2.8 Inve$tmonts
The inveslmenls held by the Charity ale a form ol basi¢ linancial instrument and are initially
recognlsed at thelr lian8a¢llon value and subsequently measufed at their fwr value uslng tha quoted
market price. All gains and losses are taken to the Slalernent of Financial Activities as Ihey arise.
The slat8ment of linancial activlti8s includ8S the net galns and103ses on revaluatlon and disposals
throughout the year.
Current asset Inveslrnenis are short ierm deposlts and are held at farA value. These Include cash on
deposit and cash equivalents w¢lh a malurity ol le5S than one year.
Inveslmgnts in subsidiarleG are valued al cost less provlslon far Impa5rmeni.
2.9 Slock$
Slocks are valued at the lower ol cost and net redisable value after making due allowance lor
obsolete and slow-moving stocks.
2.10 Deblor$
Trad8 and other debtors are recognised at the selilemenl amount after any irade discount ollered.
Prepaymenls are valued al the amount prepaid n9t ot any irade dlxounls due,
2.11 Cash at bank and In hand
Cash al bank and In hand includes cash and short-lerm highly liquid investrnents wilh a short rnaturity
of three rnonths or less from Ihe dale of acqulslllon w opening ol the deposil or similar accounL
2.12 Llabllltles and provlslons
Liabili118s afe recognised when ther8 is an obllgation al the Balance sheet dale as a result ol a pasl
even[ il is probable that a Iransler of economic benefit will be required in settlement. and the amount
ol Ihe settlernenl can be eslimaled feliably. Liabilities are recognised at the amount that the company
anlicipales it will pay to settle the debl or the amount il has received as advanced payments lor the
goods or services It mu51 provide. Provisions are measured at the best ests'mate ol Ihe amounls
requifed io settle the obligation.
2.13 Flnanclal Inslrurn8nts
The Group only has linancial assels and linancial liabililios of a kind thal qualify as basic financial
Instruments. Basic linanclal inslrurnenls are initially re¢ognis8d al transaction value and subsequenuy
measured at their settlemenl value.
2.14 Operatlng18ases
Renlals paid under operating leases are charged to the Consolidated slalgment ol financial activities
on a straight line basis over the lease ierrn.
Page 33

ESSEX & HERTS AIR AMBULANCE TRUST
(A company Ilmlted by guaranleè)
NOTES TO THE FINANCIAL STATEhlENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounllng pollcles {continued)
2.15 Penslons
The Group operates a defined conlributlon pension scheme and the pension charge represents the
amounls payable by the Group to the fund in respect ol the year.
2.16 Fund 8ccounllng
General lunds are unrestrlcted funds which are available for use at the discretion of the Trustees in
furtherance ol the general oblectives ol the Group and vthl¢h have nol been designated lor other
purposes.
Deslgnaled funds ¢ornprlse unrestrlcled lunds that have been sel aside by the Tru$lees lor partlcular
purposes. The aim and use of each deslgnaled lund is sel out in the notes to the linancial
statements.
Restrlcied funds are funds which are lo be used in accordance with specific restrictions imposed by
donors or which have been raised by th8 Gioup lor particular purpose5. The costs of raising and
administering such funds are charged against the specific lund. The aim and use of each reslricled
fund is sel out in the notes to the Ilnanclal slatements.
Crltlcal accountlng esllmalos and areas ol judgment
The followlng judgements (apart Irom those Involvlng estimates) have been made In Ihe process of
applying the tollowing accounling policies that have had a significanl effect on arnounls recognised in the
linancial slatemenls..
Critical accounling eslimates and assumpiions..
Depreciation rates lor tangible lixed as88ts
Residual value and usetu5 lile ol helicopter
Critical areas of judgmenl:
Income recognition ol legacles and granls
Page 34

ESSEX & HERTS AIA AMBULANCE TAUST
(A Company Ilmlted by guarante•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Incom8 Irom donatlons andlogacles
Ro3trlcled Unrestrlcled
funds
lund$
2024
2024
Tolal
lund9
2024
Donations
Legacles
In-memoria
Collection Tins
Donated services
82.086
17,551
1.878,480
4.565,350
296,230
87,939
541,344
1,960,566
4.582.901
296230
87.939
541,344
99,637
7.369.343
7,468.980
Restricted Unreslricle¢
lunds
fvnds
2023
2023
Total
fvnds
2023
Oonalions
Legacies
In-memoria
Colleclk)n Tins
Donated sèrvices
38,458
1,741.878
3,371,274
355.592
90.50Q
520.512
1, 780,336
3,371,274
355.592
90.500
520.512
38,458
6,079. 756
6.178,214
Income frorn charllable actlvllle8
Reslrlcled Unrestrlclod
lunds
fund$
2024
2024
Tolal
lunds
2024
Granl.making Irusls
17,424
47,341
64,76S
Page 35

ESSEX & HERTS AIR AMBULANCE TAUST
(A Company limlled by guorantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from chafllable acllvllle$ (conllnued)
Restricteo Unrestncte
lunds
lunds
2023
2023
Tolai
lunds
2023
Grant-making Irustg
35,940
57,172
93.112
In¢ome Irorn olher Iradlng actlvltl•$
Income from non charltable Iradlng •¢lfvltleg
Aèslrlelad Unr•glrlet•d
funds
tund9
2024
2024
Total
lund9
2024
Income from lottery
Fundraising events
Merchandise sales
Charity shop incom•
Other
9.437,037
128,524
32.214
1,363,962
1,550
9,437,037
142,524
32,214
1,363.962
1,550
14,000
14.000 10,983.287 10,977,287
Restricf8d Unreslriclea
lunds
fvnds
2023
2023
Total
lunds
2023
Incom8 from lottery
Fundraising events
Merchandise sales
Charity shop income
Other
2,085,425
7.581.120
159,128
22,307
949,290
1.500
9,666,545
159, 128
22.307
949.290
1,500
2,085,425
8.713,345 10.798,770
Pape 36

ESSEX & HERTS AIR AMBULANCE TRUST
(A company Ilmlled by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Inve$lm•nl Incom•
Unre8lrlcted
lunds
2024
Total
tunds
2024
Dividènds
Interest
1,012,785
1,602
1,012,185
1,602
1,013.787
1,013,787
Unreslricfea
lunds
2023
Tolai
lunds
2023
Dividends
Inleresl
616.583
2,139
616,583
2.139
618.722
618.722
Analy81$ 01 oxp•ndlture by actlvlll¢s
Actlvlllej
undertaken
direclly
2024
Supporl
osts
2024
Toi•l
funds
2024
Helicopter Emerg8ncy Medical Service
8.992.274
960.852
9,953.126
Activities
undertaken
directly
2023
SuP￿rt
costs
2023
Total
lunds
2023
Helicoptei Emergency Medical Service
7.821.234
998,085
8.819,319
Page 37

ESSEX & HEATS AIR AMBLILANCE TRUST
(A company Ilmlted by guarant￿)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analy818 of expendllure by actlvltleg (continued)
Analys1$ ot dlrecl co$1$
Tolal
funds
2024
Tol81
fvnds
2023
Depreclallon
Helicopter and Rapid Response Vehicle
Clinical costs
Airbase premises costs
Centre loi Excellence
752,727
4,482.871
2,895,080
408,648
452,948
828.448
3, 743.268
2,712,879
398.818
137,821
Total 2024
8,992,274
7,821,234
Analy818 of 8UPPOrt co$iJ
Total
lund$
2024
Total
lunds
2023
Staff cosls
Opèratlons and support costs
Other ern￿oYment costs
Governance costs
719,091
88,690
104.334
48.737
787,442
101,020
90.714
18.909
960,852
998,085
Govemance costs
2024
2023
Auditors, rernuneraiion
Trustees meeting$
Trustee indernnity Insurance
Legal, consullancy and other fees
30.000
2,062
1,743
24,659
32.000
893
1,962
f705)
Page 38

ESSEX & HERTS AIR AMBULANCE TRUST
(A company Ilmltad by guarantea)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10. Stalt CO81$
Group
2024
Group Company
2023
2024
Company
2023
Wag88 and salarles
Social security costs
Contribulion lo defined contribution penslon
schemes
3,085,439
303,198
2,452,828
246,398
3,085,439
303,198
2,452,828
246,398
185,059
140,602
185,059
140,602
3,573,696
2.839,828
3,573,696
2,839.828
The average nurnber ol persons eM￿oyed by the Company during Ihe year was as lollows:
Group
2024
No.
Group
2023
No.
Charltable activities
Raislng funds
Lottery
Retail
16
34
12
31
28
81
72
The number of employees whose employee benefils {excluding employer pension costs) exceeded
£60.000 was:
Gwoup
2024
No.
Group
2023
No.
In the band £60.001 £70.000
In the band £70,001- £80.000
In the band £80,001 - £90,000
In the band £90,001 - £100,000
In the band £100,001 - £110.000
In the band £130.001 . £140,000
The lotal amount ol ernployee beneflts received by key management personnel Is £560,809 12023
£715,807). Thls includes bonus amounls earned bul not yet paKS. The charity considers ils key
management personnel to be Ihe Exec￿Ne Team as listed in the charity infomiation page.
There was an amounl due al Ihe year end lo one member of Koy Management Personnel of £17,500
(2023 . £17,500).
Pag8 39

ESSEX & HERTS AIR AMBULANCE TRUST
(A company Ilmlled by guarantee)
NOTES TO THE FINANCIAL STATEMEMrs
FOR THE YEAR ENDED 31 MARCH 2024
11. Tru$lees' remuneration and expensos
During the year, no Truslees received any remuneralion or other benellis (2023- £NILJ.
Durln9 Ihe year endod 31 March 2024, Tru51ee expenses 01 £656 {2023- £151) have been Incurred.
12. Inlanglble a$3ot•
Group and Company
Computer
$ollwar•
Co•t
At 1 April 2023
115,893
Al 31 March 2024
115,893
Amortlsatlon
Al 1 Aprll 2023
Charge for the year
112.701
3,192
Al 31 March 2024
115093
Net book value
At 31 March 2024
Af 31 March 2023
3. 192
Page 40

ESSEX & HERTS AIR AMBULANCE TRUST
(A company limlled by guaraThI￿)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
11 Tanglble lixed assets
Group and Company
Long.lerm
leasehold
pioperiy Hellcopiers
Motor
Fixtureg Olher Ilx•d
vehlcles and flttlngs
a$sel8
Total
Cost or v•lu•lion
At l Aprll 2023
Additions
Dlsposals
5,848,631 15,704,735
37.976
37,417
433,268
139,650
(79,782>
693,172
20,686
650,793 23,330,599
130.526
366.255
(79,782)
At 31 March 2024
5,886,607 15,742,152
493,136
713,858
781,319 23,617,072
Depre¢la15on
At l April 2023
Charge lor the year
On disposals
847,720 1.981,347
271,239
354,023
351.550
61.800
(79,782)
335,944
112,642
510,312 4,026,873
42,872
842,576
(79.782)
Al 31 March 2024
1,118,959 2,335,370
333,568
448,586
S53,184 4,789,667
Not book valu•
Al 31 March 2024
4,767,648 13,406,782
159,568
265,272
228,135 18,827,405
At 31 March 2023
5,000.91 J 13, 723.388
81.718
357,228
140.481 19.303. 726
Plant arKI Machinery included Assets Under Con$tru¢tion of £nll (2023 - £8,645,940).
Page 41

ESSEX & HEATS AIR AMBULANCE TRUST
(A eompany Ilmllod by guarantee)
NOTES TO THE FINANCIAL STATEMEwrs
FOR THE YEAR ENDED 31 MARCH 2024
14. Flxed asset inveslments
Llsted
Inv•$lm•nl•
Group
Cost or valuatlon
Al 1 April 2023
Addilions
Disposals
Revaluations
Amounts wrltten oll
Foreign exchange movement
32,437.175
10,939,712
{14,632,1811
2,468,671
893.582
(191,101)
Al 31 March 2024
31.915,858
Net book valu•
At 31 March 2024
31,915,858
Al 31 March 2023
32.437. 175
Page 42

ESSEX & HERTS AIR AMBULANCE TRUST
(A company Ilmited by guaranlee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14. Flxed 888•t Inve8tment8 (contlnued)
Invesiments
In
subsldlary
Llsled
comp8nles Investmonls
Tolal
Company
Go•t or voluallon
At 1 April 2023
Additions
Dlsposals
Revaluations
Amounts written off
Forelgn exchange rnovemén1
32,437,175 32,437,179
10,939,712
10,939,712
{14,632,181) <14,632,181)
2,468.671
2,468,671
893,582
893.582
1191,1011
(191,1011
At 31 March 2024
31.915,858 31,915,862
Nel book valuo
Al 31 March 2024
31,915,858 31,915,862
At 31 March 2023
32,437, 175 32,437.179
15. Stocks
Grtsup
2024
Group
2023
.Cornpany
2024
Company
2023
Finished goods and goods for resale
14,570
16,809
14,570
16.809
Page 43

ESSEX & HERTS AIR AMBULANCE TRUST
(A comp•ny Ilmlted by guArantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
16. Dobtorl
Group
2024
Group
2023
Company
2024
Company
2023
Due wllhln ong year
Trade debtors
Amounls owed by group undertakings
Other debtors
Prepaymenls and accrued Income
Tax recoverable
Legacy Debtor
7,063
4,067
7,041
1.689,266
510
565,859
145,351
838,258
4.067
2,255.865
510
255,732
106,332
1.581.608
716
278.922
106.332
1,581,608
594,005
145.3S1
838,258
1,585,365
1,971,645
3,246,285
4,204. 114
17. Cr￿lI0r8. Amounlg lallln9 duo wllhln on• y•ar
Group
2024
Group
2023
Company
2024
Company
2023
Trade rredilors
Other laxation and soclal securlty
Olhar creditors
A¢¢iuals and delerred income
466.622
94,784
590,630
1,875,280
618, 187
71.442
560.804
9.501,802
453,935
94,784
24,233
1,816,695
619.515
71.442
3.673
9.475.047
3,027,316 10,752.235
2,389,647 10. 169,677
Group
2024
Group
2023
Oelerred income at 1 April 2023
Resources delarred during Ihe year
Amounts released from previous periods
516,360
538,749
(516,360)
506,836
516,360
(506.836J
538,749
516,360
Page 44

ESSEX a HEATS AIR AMBULANCE TRUST
(A company Ilmlled by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18. Statement of tunds
Stalemont ol fund8 - Curreni year
Balance at
31 March
2024
Balance al 1
Aprll 2023
Tr•nsfer8
Inlout
Galn81
(Los8e$)
Income Expendllur•
Unrestrl¢ted
lunds
Doslgnaled
lunds
Fixed assel fund 19,306,918
Centre Foi
Excellence
Designation lor
expendable
endowment
(845,766)
366,254
18.827.404
862,179
1452,648)
409,531
5,000,000
5,000,000
25,169,097
(1,298,416)
366,254
24,236,935
Gon•ral funds
General Funds
21,667,086 19,393,758 (14,419.112) (225,830) 2,102,393 28,518,295
Total
Unrestrlcled
fund$
46036,183 19,393,758 (15.717,528)
140,424
2,102,393 52,755,230
Reslrl¢ted
lunds
Restricled FurKI
45,432
131,061
(26.176) 1140,424)
9,893
Tolal oi iundg
46,881,615 19,524,819 (15,743,704)
2,102,393 52,765,123
Page 45

ESSEX & HERTS AIR AMBULANCE TRUST
(A company Ilmiled by gu•r•nlee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18. Stalemenl of lund8 (¢onllnu•d)
£lm has been designaled lor pxpenditure on our Centre lor Excellence iniliatNe less expondituro
Incurred in the current year.
Th8 restrlcted funds of £9,893 {2023 - £29.572) represent funds recèlved Irom donors lor Ihe purchasg
clinical 8quipm8nt and for the purchase ot aviatlon equipment related to Ilying at night.
EHMT operates In a high-risk environment using cutting edge procedures and technologies In order lo
move and act lasl to save lives. Withoul regular and continued support our seNice simply could not run.
As part ol a plan to commlt to Ihe long term suslainabllity ol Ihe charity, the Trust is currently in the
process of crealing a separale expendable endowrnent fund uslng a formal ITUSt deed. £5m has been
d85ignaled in anticipation ot the creation of this lund. This is with Ihe inlenlion the lund will be separatety
invested for the long term to deliver a Siream ol Investrneni Income to support our services for
generations to come.
Page 46

ESSEX & HERTS AIR AMBULANCE TRUST
(A company Ilmlled by guaranieo>
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18. Stalemenl of lundg (contlnued)
Statemont ol funds - prlor year
Balance al
31 March
2023
Balance al
l Apri12022
Trans18rs
In/oul
Gains/
(Losses)
Income Expenditure
Unrestrlcted
funds
Deslgnaled
lunds
Fixed asset lund 11.038, 721
Helicopter fund
7.200.000
Centre For
Excellence
Designalion lor
expendable
endowmenl
{894,922) 9.163,119
(7,200,000)
19,306,918
1.000,000
(137,821)
862,179
5.000,000
5,000.000
19,238,721
(1,032,743) 6,963,119
25,169,097
General fund9
General Funds -
all luThJs
24,303,652 15.468,996 (9.940,951) (6,950. 124) (1,214,487) 21.667.086
Total
Unreslrlcled
lunds
43,542,373 15,468,996 flO,973,694)
12.995 (1,214,487) 46,836,183
Reslrlclod
funds
Reslrtcied Fund
876, 132
2. 159,823 (2.977.528)
(12,995)
45,432
Tolal of funds
44.418,505 17.628,819 (13.951,222)
(1,214,487) 46.881.615
Page 47

ESSEX & HEATS AIR AMBULANCE TRUST
(A company Ilmlted by guJr4nlee)
NOTES TO ThE FINANCIAL STATEMENTS
FOA THE YEAR ENDED 31 MARCH 2024
19. Analy*l$ of n•1 a88018 belwo•n funds
Analysis of not assots belween lund$ - current period
Rastrlcled Unre$trl¢ted
lund8
lunds
2024
2024
Total
lundrs
2024
Tangible fixed assels
Flxed asset investments
Currenl assets
Credilors due within one yoar
18.827,405 18,827,405
31,915,858 31,915,858
5,039.283
5,049,176
(3,027,216) (3,027,316)
9,893
Total
9,893 52,755.230 52,765,123
Analyslg ol net as$et$ belween fundg - prior p•riod
Restricted Unrestricle
lunds
fvnds
2023
2023
Total
lunds
20ZJ
Tangible fixed assels
Inlanglble lixed assets
Flxed asset inveslments
Current assets
Creditors due ￿thIn one year
19,303,726 19,303, 726
3, 192
3.192
32.437.175 32.437.175
5.844,325
5,889,757
(10, 752.235) (10, 752.235)
45,432
Total
45,432 46,836, 183 46,881.615
Page 48

ESSEX & HERTS AIR AMBULANCE TRUST
(A Company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20. Reconclllallon ol nel movem•nt In lunds to nel cash flow from operatlng acllvlt1•9
Group
2024
Group
2023
Net ncomo lor Ihe period {as per Stalement of Financial Actlvities)
S,683￿08
2.463,110
Adluslmenls lor:
Deprecia￿on and amortisation Charges
Lossesl{gainsl on inveslments
Dlvidends, inierests and renls Irom Invesiment$
Lossl{prolli) on Ihe sale ol lixed assels
Decrease in stocks
Decrease/{increasel in debtors
Increasel{decrease) in creditors
845.768
(3,171,152>
(1,013,791)
(16,987)
2,239
386.280
(7,724,919)
894,922
55,103
{618. 722)
12.918
(878,238)
365, 107
Nol cash provlded byl(u8ed In) op•ratlng acllvllle¥
<4,809,054) 2.294,200
21. Analysls of ush and ¢a$h equlvalents
Group
2024
Group
2023
Cash In hand
3,449,241
3,901.303
Total cash and cash equlvalenlg
3,449,241
3,901,303
21 Anatysl8 ol ¢hango8 In net debl
Al 1 Aprll
2023 Cash Ilowg
At 31 March
2024
Cash al bank and in hand
3,901,303
{452,062) 3,449,241
3,901.303
(452,062) 3.449.241
Page 49

ESSEX & HERTS AIR AMBULANCE TRUST
(A company Ilmlted by guaranlee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
23. Pen$lon commltmenls
The group operates a defined contribullons penslon $cheme. The assels ol the scheme are held
separalely from those of the group in an independently administered lund. The pension cosl charge
represenls contilbulions payab18 by the group to Ihe lund and amounted to £185,059 (2023 - £140,602).
Contributions totalling £29.436 {2023 - £3,606} wore payable to the fund at Ihe balance sheet dale and are
Included in craditors.
24. Op•ratlng léa8• commllrn•nt#
Al 31 March 2024 the Group and the Cornpany had eommitments to make luture rnlnlmum lease
payments under non-cancellable operating leases as lollows..
Group
2024
Group
2023
Company
2024
Company
2023
Land and bulldlngg
Not later Ihan 1 year
Laier than l year and not laler than S years
Later than 5 year8
423,372
1,033,297
2,795,221
2,962.989
9,482,869
2,987.306
423,372
1.033,297
2,795,221
2.962.989
9,482,869
2.987.306
4,251,890 15,433, 164
4,251,890 15,433,164
During th8 year, the charity purchased its Second hellcopler and ai thal point Ihe charity no longer had
any fulure lease comfflllments lor the use of Ihe halicopler. The charity stlll has ongolng Ilnanclal
commitmenls in relalion lo pilotage and mainlenan¢e ol the helicopter which are disclosed in nol8 25 but
these do not constitute lease commltmenls,
The lollowlng lease payments have been recognised as an expgnse In Ihe Stalernenl ol flnanGlal
activitles..
Company
2024
Company
2023
Land and bullding lease c0318
Helicopier operating Costs
394,693
3,199,006
369,102
2.545.600
Page SO

ESSEX & HERTS AIR AMBULANCE TRUST
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
25. Other flnanclal commitments . h•licopler operatlng cosls
Group
2024
Company
2024
Nol later than 1 year
Later than 5 years
4,079,890
1,400.552
4,079,890
1,400.552
5,480,442
5,480.442
26. R¢laied party trongactlons
Inlormats'on about relaled party transaclions and outstanding balances Is oullined below..
D Hay¥vard is a Trustee of the Charity and is also a partner In a firm ol solicitors, Nackolds. During the
year Ihe Charity purchased legal seNices Irom Nockolds. amounting to £18,894 including VAT {2023
£20,202). There was £14,596 oulstandlng al Ihe yaar end {2023 - £13,686).
Olher Ihan Ihe above and Ihe Iransactlons identilied wilhln Note 11, there have been no olher related
paty transactlons.
Page 51

ÈSSÈX & HERTS AtR AMBULNJ4CE TRUST
IA ¢ompany Ilmlted by guarnntwl
NOTES TO THE FINANCIAL STATEMENTS
FOR THe YEAR ENoeD 31 MARCH 2024
Prfnclpil ¥ub•ldl•rl
Th• Ic41owhg wefe fjubsidkgry und•rtakings 01 tho Company..
mo•
Comp•ny
numb•r
R•ul•l•r•O •fflc• or prtn¢lp•l Cl••s ol Holdlng
pltt• ot buBln•
•h•rnB
Includ•d In
ESBgX and H811¥ Fllyhl For UIB Lottery Limii¢d
04269794
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Company inlormaiion pago
Sam8 as parenl cernpany
Same as par•ni ¢¢rnp4ny
Sam• u paroni ¢empMy
100% Yes
g8sex & H8rts Alr Arnbulanc• Trading ￿Mited
'Essex & Herts Flight Far Li18 Lollery Operaiion$ Lin*teil
'Eu•x & Hqrts Flv4ht Fgr Lil• LDll•ry cr￿¢￿ Care UTr4t•d
03739217
11995048
11995133
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The lin&ncial rou1￿ ol th• lor th• y•ar**r•'.
N•m
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lor lh• yttr
Emex H8rt8 Fmght For L116 l￿telY Llmlled
E58ox & Htrts Ali Ambj1Bn￿ Tra¢*ng Umiled
'Esse¥ & H•rts Fliohl For Lrfe Lottery Opwadon8 Lmnlled
'E$sox & Herts Fll9hi For Uf• Lottery Crflicol Carg Llmlled
9,436,5J7
1,$25,917
251
7,910.620
42,674
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