## 



## 

|||||Page|
|---|---|---|---|---|
|Reference and Administrative|||Details ofthe Charity, its Trustees and Advisers|1-2|
|Trustees' Report|||||
|Independent|Auditors'|Report|on the Financial Statements|24- 27|
|Consolidated|Statement ofFinancial Activities|||28|
|Consolidated|Balance|Sheet||29-30|
|Charity Balance Sheet||||31 - 32|
|Consolidated|Statement ofCash Flows|||33|
|Notes to the|Financial|Statements||34-57|





## 

|Trustees|||Mr I Brackenbury<br>(Retired|Mr I Brackenbury<br>(Retired|26 March 2020)|26 March 2020)|26 March 2020)|26 March 2020)|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||Mr M M P Carne CBE, Chairman|||(Appointed 29|||January 2020)||||
||||Mr SA Carr, Chairman|of|Nominations|||and Remuneration||Committee|||
||||Mr R Cowie, Chairman|Finance Committee|||||||||
||||Ms D Griffith||||||||||
||||Mr BS Mark, Chairman|Risk and Audit||||Committee|||||
||||Mr H Orchard<br>(Retired|26|March|2020)|||||||
||||Mr C C Pomfret, Vice Chairman||||||||||
||||Mrs S L Pryce (Retired|21|April 2020)||||||||
||||Mr D Scott||||||||||
||||Mrs BSharpies,<br>Chairman||New Heli Appeal Board||||||||
||||Miss LA Mckay (appointed||28 January|||2021)|||||
||||Mr N SLentern<br>(appointed||28 January||2021)||||||
|New Heli|Appeal Board||Mrs Barbara Sharpies (Chairman)||||||||||
||||Ms Jackie Stanley||||||||||
||||Mrs Barbara Corbett||||||||||
||||Mr Jonathan<br>McCulloch||||||||||
||||Mrs Heather Forster||||||||||
||||IVlr Ali Carnegie||||||||||
||||Mr Chris Richards||||||||||
||||Mrs Kate Arter||||||||||
||||Dr Kevin O' Sullivan||||||||||
|Company|Registered||||||||||||
|Number|||07085879||||||||||
|Charity Registered|||||||||||||
|Number|||1133295||||||||||
|Company|secretary||Mr S Murdoch||||||||||
|Senior Leadership||Team|Mrs P Martin, Chief Executive Officer (left 28 February 2021)<br>Mr S Murdoch,<br>Chief Operating<br>Officer/Interim<br>Chief Executive||||||||(from|1 March|
||||2021)||||||||||
||||Mrs J Southon,<br>Director|of Fundraising|||(left 2 October 2020)||||||





## 

|Independent|Auditors|Bishop Fleming|LLP|
|---|---|---|---|
|||Chartered<br>Accountants||
|||Statutory Auditors||
|||Chy Nyverow||
|||Newham<br>Road||
|||Truro||
|||Cornwall||
|||TR1 2DP||
|Bankers||HSBC pic||
|||3 Fore Street||
|||Bodmin||
|||Cornwall||
|||PL31 2HU||
|Legal Advisers||Stephens<br>Scown||
|||1 High Cross Street||
|||St Austell||
|||Cornwall||
|||PL25 4AB||
|Investment|Managers|Quilter Cheviot||
|||One Kingsway||
|||London||
|||WC2B 6AN||





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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2020f|2020|2020f|2019|
|Income from:|||||||
|Donations<br>and legacies|||6,995,983|461,791|7,457,774|6,346,425|
|Charitable<br>activities|||12,750|3,648|16,398|63,225|
|Other trading<br>activities|||574,648|119,605|694,253|1,136,535|
|Investments|||62,219||62,219|101,699|
|Total income|||7,645,600|585,044|8,230,644|7,647,884|
|Expenditure<br>on:|||||||
|Raising funds|||1,406,917|7713|1,414,630|1,646,195|
|Charitable<br>activities|||2,761,396|268,177|3,029,573|3,078,827|
|Total expenditure|||4,168,313|275,890|4,444,203|4,725,022|
|Net income before <br>investments|net gains on||3,477,287|309,154|3,786,441|2,922,862|
|Unrealised<br>net gains on investments|||241,220||241,220|372,144|
|Net income|||3,?18,507|309,154|4,027,661|3,295,006|
|Transfers<br>between|funds|19|366,372|(366,372)|||
|Net movement<br>in funds|||4,084,879|(57,218)|4,027,661|3,295,006|
|Reconciliation<br>offunds:|||||||
|Total funds brought|forward||11,356,565|2,614,408|13,970,973|10,675,967|
|Net movement<br>in funds|||4,084,879|(57,218)|4,027,661|3,295,006|
|Total funds carried|forward||15,441,444|2,557,190|17,998,634|13,970,973|





## 

## 

||||||2020||2019|
|---|---|---|---|---|---|---|---|
||||Note||E,||E|
|Fixed assets||||||||
|Intangible<br>assets|||13||||33,685|
|Tangible assets|||14||10,315,099||10,336,482|
|Investments|||15||3,258,900||3,017,973|
||||||13,573,999||13,388,140|
|Current assets||||||||
|Stocks|||16|7,581||5,512||
|Debtors|||17|2,770,682||603,169||
|Cash at bank and in hand||||2,570,640||1,048,310||
|||||5,348,903||1,656,991||
|Creditors: amounts|fatling due within one|||||||
|year|||18|(924,268)||(1,074,158)||
|Net current assets|||||4,424,635||582,833|
|Total assets less current liabilities|||||17,998,634||13,970,973|
|Net assets excluding||pension asset|||17,998,634||13,970,973|
|Total net assets|||||17,998,634||13,970,973|
|Charity funds||||||||
|Restricted funds:||||||||
|Restricted<br>funds|||19|3,850||||
|Restricted fixed assets||funds|19|2,553,340||2,614,408||
|Total restricted<br>funds|||19||2,557,190||2,614,408|
|Unrestricted<br>funds|||19||15,441,444||11,356,565|
|Total funds|||||17,998,634||13,970,973|





## 




## 

## 

||||Note||2020||2019f|
|---|---|---|---|---|---|---|---|
|Fixed assets||||||||
|intangible<br>assets|||13||||33,685|
|Tangible assets|||14||10,315,09S||10,336,482|
|Investments|||15||3,258,901||3,017,974|
||||||13,574,000||13,388,141|
|Current assets||||||||
|Stocks|||16|7,581||5,512||
|Debtors|||17|2,801,092||608,748||
|Cash at bank and in||hand||2,527,487||1,027,730||
|||||5,336,160||1,641,990||
|Creditors: amounts|falling due within one|||||||
|year|||18|(911,526)||(1,059,158)||
|Net current assets|||||4,424,634||582,832|
|Total assets less current liabilities|||||17,998,634||13,970,973|
|Net assets excluding||pension asset|||17,998,634||13,970,973|
|Total net assets|||||1?,998,634||13,970,973|
|Charity funds||||||||
|Restricted<br>funds|||19||2,726,127||2,614,408|
|Unrestricted<br>funds|||19||15,272,507||11,356,565|
|Total funds|||||1?,998,634||13,970,973|








## 

## 

|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||||f.|F|
|Cash flows from operating|||activities|||||
|Net cash||used<br>in operating|activities|||1,809,055|3,845,788|
|Cash flows from investing|||activities|||||
|Dividends,||interests<br>and rents from investments||||62,219|101,699|
|Proceeds||from the sale oftangible<br>fixed||assets||3,000||
|Purchase||oftangible<br>fixed assets||||(347,265)|(7,117,267)|
|Proceeds||from sale of investments||||3,028,970|269,581|
|Purchase||of investments||||(3,033,649)|(289,475)|
|Net cash||used in investing|activities|||(286,725)|(7,035,462)|
|Change|in cash and cash||equivalents|in|the year|1,522,330|(3,189,674)|
|Cash and||cash equivalents|at the beginning||ofthe year|1,04&,310|4,237,984|
|Cash and||cash equivalents|at the end|of|the year|2,570,640|1,048,310|





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## 

||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2020|2020|2020|2019|
|||E|E|E|
|Donations|1,009,760|223,943|1,233,703|2,026,211|
|Legacies|3,672,852|13,730|3,686,582|1,158,702|
|Grants|720,053|224,118|944,171|1,676,374|
|Lottery|1,593,318||1,593,318|1,485,138|
||6,995,983|461,791|7,457,774|4,966,697|
|TOTAL 2019|3,815,372|1,151,325|4,966,697||



## 

|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2020<br>E|2020f|2020<br>E|2019<br>E|
|Air Ambulance|service|12,750|3,648|16,398|63,225|
|TOTAL 2019||63,225||63,225||



||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2020<br>F|2020<br>E|2020f|2019|
|Charity|shop sales|8 other income|548,440|119,605|668,045|1,107,768|
|Income|generated|by subsidiary|26,208||26,208|28,767|
|TOTAL|2020||574,648|119,605|694,253|1,136,535|
|TOTAL|2019||1,081,836|54,699|1,136,535||





## 

## 

## 

|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2020|2020f|2019<br>E|
|Investment|income - other local unlisted|61,734|61,734|95,990|
|Investment|income - local cash|485|485|5,709|
|||62,219|62,219|101,699|
|TOTAL 2019||101,699|101,699||



## 



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## 

||||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|funds|funds|
||||||||2020<br>f|2020<br>E.|2020f|2019|
|Donations,|fundraising|||8 events|||529,169|7,713|536,882|576,309|
|Legacies|||||||42,875||42,875|43,583|
|Lottery management|||&|development||costs|333,659||333,659|475,730|
|Retail expenses||8 purchases|||for resale||493,640||493,640|533,499|
|Investment|management|||costs|||4,636||4,636|16,634|
|Expenditure|incurred||by subsidiary||||2,938||2,938|440|
||||||||1,406,917|7,713|1,414,630|1,646,195|
|TOTAL 20|19||||||1,426,872|219,323|1,646,195||



## 

## 

||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2020|2020|2020|2019|
|||||||F|
|Provision|of air ambulance|service|2,761,396|268,177|3,029,573|3,078,827|
|TOTAL 2019|||3,003,119|75,708|3,078,827||





## 

|||Activities||||
|---|---|---|---|---|---|
|||undertaken|Support|Total|Total|
|||directly|costs|funds|funds|
|||2020|2020|2020|2019|
|||E|E|E||
|Provision ofair ambulance|service|2,174,978|854,595|3,029,573|3,078,827|
|TOTAL 2019||2,246,958|831,869|3,078,827||



## 

||Provision of|||
|---|---|---|---|
||air|Total|Total|
||ambulance|funds|funds|
||2020<br>E|2020f|2019|
|Staff costs|317,117|317,117|225,482|
|Marketing|155,306|155,306|179,893|
|Insurance|38,380|38,380|28,742|
|Property Costs|109,299|109,299|112,879|
|Repairs 8 Maintenance|39,615|39,615|45,631|
|Staff Expenses|58,191|58,191|125,321|
|Office Expenses|39,064|39,064|32,762|
|Bank Fees|40,068|40,068|41,765|
|Legal 8, Professional|58,002|58,002|39,394|
|Profit on disposal ofassets|(447)|(447)||
|TOTAL 2020|854,595|854,595|831,869|
|TOTAL 2019|831,869|831,869||





## 

## 

|Auditors'<br>remuneration||||||||
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
|||||||E|F|
|Fees payable to the Charity's|auditor||for|the audit ofthe Charity's|annual|||
|accounts||||||16,000|11,000|
|Fees payable to the Charity's|auditor||in respect of:|||||
|All taxation advisory services|not|included||above||750|1,100|
|All non-audit<br>services not included||above|||||570|



## 

|Staff costs|||||
|---|---|---|---|---|
||Group|Group|Charity|Charity|
||2020f|2019|2020|2019<br>F|
|Wages and salaries|1,026,163|967,202|1,026,163|967,202|
|Social security costs|89,378|81,620|89,378|81,620|
|Other pension costs|54,314|36,699|54,314|36,699|
||1,169,855|1,085,521|1,169,855|1,085,521|



|The average numbe|r of|pers|ons<br>employed<br>by|the Charity during th|the Charity during th|e year was as follows:|e year was as follows:||
|---|---|---|---|---|---|---|---|---|
|||||-Group—||Braup—<br>Bhsrity||Gharity—|
||||||2020|2019|2020|2019|
||||||No.|No.|No.|No.|
|Average headcount|number||of staff employed||39.0|41.0|39.0|41.0|
|The average headcount||expressed as full time||equivalent|was:||||



||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2020|2019|2020|2019|
|Administration|||4|3|4|3|
|Charity shops|||16|17|16|17|
|Fundraising|||10|11|10|11|
|Marketing|||3|3|3|3|
|Senior leadership||team|3|3|3|3|
|Volunteer|department||1|2|1|2|
||||37|39|37|39|





## 

## 

|Group|Group|
|---|---|
|2020|2019|



## 

## 

## 

||Lottery|
|---|---|
||goodwill L|
||database|
||f.|
|COST||
|At 1 January 2020|220,483|
|At 31 December 2020|220,483|
|AMORTISATION||
|At 1 January 2020|186,798|
|Charge for the year|33,685|
|At 31 December 2020|220,483|
|NET BOOK VALUE||
|At 31 December 2020||
|At 31 December 2019|33,685|





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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||CC|||||
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||||||CII|||||||||





## 

## 

## 

|||Cash held||
|---|---|---|---|
|||with||
||Listed|investment||
||investments|manager|Total|
|GROUP AND CHARITY|F|||
|COST OR VALUATION||||
|At 1 January 2020|2,213,880|804,093|3,017,973|
|Additions|3,033,649||3,033,649|
|Disposals|{2,224,877)||(2,224,877)|
|Revaluations|236,248||236,248|
|Transfers<br>between classes||(804,093)|(804,093)|
|At 31 December 2020|3,258,900||3,258,900|
|NET BOOK VALUE||||
|At 31 December 2020|3,258,900||3,258,900|
|AT 31 DECEMBER 2019|2,213,880|804,093|3,017,973|





## 

## 

## 

|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2020|2019|2020|2019|
|||||f.|||E|
||Finished|goods and goods for resale||7,581|5,512|.7,581|5,512|
|17.|Debtors|||||||
|||||Group|Group|Charity|Charity|
|||||2020|2019|2020|2019|
|||||F|F|f|F|
||DUE WITHIN||ONE YEAR|||||
||Trade debtors|||14,451|84,652|14,451|84,652|
||Amounts|owed by group undertakings||||33,028|5,758|
||Other debtors|||26,462|27,747|23,972|27,747|
||Prepayments||and accrued income|2,729,769|490,770|2,729,641|490,591|
|||||2,770,682|603,169|2,801,092|608,748|



## 

|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2020|2019|2020|2019|
||||||E|||
|Payments|received on||account|185,772|184,371|185,772|184,371|
|Trade creditors||||493,238|645,697|493,238|645,697|
|Other taxation||and social security||26,362|21,286|26,362|21,286|
|Other creditors||||6,039|122|6,039|122|
|Accruals|and deferred||income|212,857|222,682|200,115|207,682|
|||||924,268|1,074,158|911,526|1,059,158|





## 

## 

## 

|Statement offunds|-|current year|||||||
|---|---|---|---|---|---|---|---|---|
||||||||Balance|at|
|||Balance at 1||||||31|
|||January|||Transfers|Gains/|December||
|||2020f|Income<br>f|Expenditure<br>E|in/outf|(Losses)f|2020<br>E||
|UNRESTRICTED|||||||||
|FUNDS|||||||||
|DESIGNATED FUNDS|||||||||
|Helicopter<br>replacement|||||198,824||198,824||
|Helicopter purchase|||||||||
|retention||510,500|||(170„220)||340,280||
|NBV of unrestricted|||||||||
|funded assets||7,755,683||(167,015)|(5,741,800)||1,846,868||
|NBV ofAir Ambulance|||||||||
|(unrestricted<br>element)||||(159,449)|6,074,267||5,914,818||
|Future Development|8||||||||
|Investments|||||2,700,000||2,700,000||
|||8,266,183||(326,464)|3,061,071||11,000,790||
|GENERAL FUNDS|||||||||
|General Funds - all|||||||||
|funds||3,090,382|7,645,600|(3,841,849)|(2,694,699)|241,220|4,440,654||
|TOTAL|||||||||
|UNRESTRICTED|||||||||
|FUNDS-||11,356,565|7,645,600|(4,168,313)|366,372|241,220|15,441,444||
|RESTRICTED|||||||||
|FUNDS|||||||||
|Heli Appeal|||431,353|(53,831)|(377,522)||||
|Other restricted<br>funds|||3,850||||3,850||
|CJRS grants|||146,193|(146,193)|||||
||||581,396|(200,024)|(377,522)||3,850||
|Capital Restricted|||||||||
|funds|||||||||
|Helicopter AW169-|||||||||
|DCMS (LIBOR)||1,000,000||(26,250)|||973,750||
|Helicopter AW169-|||||||||
|(DHSC)||500,000||(13,125)|||486,875||





## 

## 

|Statement of|funds|- current year|(continued)||||||
|---|---|---|---|---|---|---|---|---|
|||||||||Balance at|
||Balance at 1|||||||31|
|||January||||Transfers|Gains/|December|
|||2020|Income<br>E|Expenditure||in/out<br>F|(Losses)f|2020<br>F|
|Airbase construction|||||||||
|(SWRDA)||839,367|||(18,963)|||820,404|
|Annex (LIBOR)||220,898|||(5,360)|||215,538|
|Welfare 8 Pastoral|||||||||
|Facilities - (DCMS)||39,976|||(3,968)|||36,008|
|Other restricted|funds|14,167|3,648||(8,200)|11,150||20,765|
|||2,614,408|3,648||(75,866)|11,150||2,553,340|
|TOTAL|||||||||
|RESTRICTED|||||||||
|FUNDS||2,614,408|585,044||(275,890)|(366,372)||2,557,190|
|TOTAL OF FUNDS||13,'970,973|8,230,644||(4,444,203)||241,220|17,998,634|





## 

## 

|.<br>Statement offunds|(continued)|(continued)||||||
|---|---|---|---|---|---|---|---|
|Statement offunds|- prior year|||||||
||||||||Balance at|
||Balance at||||||31|
||1 January||||Transfers|Gains/|December|
|||2019|Income|Expenditure|in/out|(Losses)|2019|
|||F|F|F|E|F|F|
|UNRESTRICTED||||||||
|FUNDS||||||||
|DESIGNATED||||||||
|FUNDS||||||||
|Helicopter||||||||
|replacement||92,312|||(92,312)|||
|Helicopter purchase||||||||
|retention|4,198,000||||(3,687,500)||510,500|
|NBV of unrestricted||||||||
|funded assets|2,159,515|||(213,151)|5,809,319||7,755,683|
||6,449,827|||(213,151)|2,029,507||8,266,183|
||||||||Balance at|
||Balance at||||||31|
||1|January|||Transfers|Gains/|December|
|||2019|Income|Expenditure|in/out|(Losses)|2019|
|||E|E|F|F|E||
|GENERAL FUNDS||||||||
|General funds|2,570,479||5,062,132|(4,216,840)|(697,533)|372,144|3,090,382|
|TOTAL||||||||
|UNRESTRICTED||||||||
|FUNDS|9,020,306|||(4,429,991)|1,331,974|372,144|11,356,565|
||||||||Balance at|
||Balance at||||||31|
||1|January|||Transfers|Gains/|December|
|||2019|Income|Expenditure|In/out|(Losses)|2019|
|||F|F|E|E|E|F|
|RESTRICTED||||||||
|FUNDS||||||||
|Heli Appeal|328,618||1,206,024|(219,323)|(1,315,319)|||
|Portable ultrasound||14,800|||(14,800)|||
|Chest compression||||||||
|system||1,855|||(1,855)|||





## 

## 

|Statement<br>offunds|- prior year (co|ntinued)||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||Balance at||||||31|
||1 January||||Transfers|Gains/|December|
||2019|Income|Expenditure||in/out|(Losses)|2019|
|||||P||F||
||345,273|1,206,024||(219,323)|(1,331,974)|||
|Capital Restricted||||||||
|funds||||||||
|Helicopter AW169-||||||||
|DCMS (LIBOR)|162,500|837,500|||||1,000,000|
|Helicopter AW169-<br>(DHSC)||500,000|||||500,000|
|Airbase construction||||||||
|(SWRDA)|856,501|||(17,134)|||839,367|
|Annex (LIBOR)|225,699|||(4,801)|||220,898|
|Welfare & Pastoral||||||||
|Facilities<br>—(DC MS)|14,806|25,468||(298)|||39,976|
|Other restricted<br>funds|1,157|||(1,157)||||
|Big Lottery awards for||||||||
|All|787|||(787)||||
|Laryngoscope<br>appeal|704|||{704)||||
|Mannequin<br>appeal|75|||(75)||||
|Flying suits|1,333|||(667)|||666|
|Equipment<br>- Duchy||||||||
|Health<br>Charity||16,760||(3,259)|||13,501|
|Night flying||||||||
|technology|46,826|||(46,826)||||
||1,310,388|1,379,728||(75,708)|||2,614,408|
|TOTAL||||||||
|RESTRICTED||||||||
|FUNDS|1,655,661|2,585,752||(295,031)|(1,331,974)||2,614,408|
|TOTAL OF FUNDS|10,675,967|2,585,752||(4,725,022)||372,144|13,970,973|





## 

## 



## 

## 

## 

## 

## 

## 

|Summary|offun|ds - current yea|r|||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at 1|||||31|
|||January|||Transfers|Gains/|December|
|||2020<br>E|Income<br>f|Expenditure<br>E|In/out<br>F|(Losses)<br>E|2020f|
|Designated<br>funds||8,266,183||(326,464)|3,061,071||11,000,790|
|General funds||3,090,382|7,645,600|(3,841,&49)|(2,694,699)|241,220|4,440,654|
|Restricted funds|||581,396|(200,024)|(377,522)||3,850|
|Restricted|funds|||||||
|-Class I!||2,614,408|3,648|(75,866)|11,150||2,553,340|
|||13,970,973|8,230,644|(4,444,203)||241,220|17,998,634|





## 

## 

|Summary<br>offun|ds - prior year||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||Balance at|||||31|
||1 January|||Transfers|Gains/|December|
||2019|Income|Expenditure|in/out|(Losses)|2019|
||F|F||E|E||
|Designated|||||||
|funds|6,449,827||(213,151)|2,029,507||8,266,183|
|General funds|2,570,479|5,062,132|(4,216,840)|(697,533)|372,144|3,090,382|
|Restricted funds|345,273|1,206,024|(219,323)|(1,331,974)|||
|Restricted funds|||||||
|-Class<br>II|1,310,388|1,379,728|(75,708)|||2,614,408|
||10,675,967|7,647,884|(4,725,022)||372,144|13,970,973|



## 

|Analysis ofnet assets between fund|s - current<br>period||||
|---|---|---|---|---|
||||Restricted||
||||Fixed||
||Unrestricted|Restricted|Assets|Total|
||funds|funds|funds|funds|
||2020<br>E|2020|2020<br>E|2020f|
|Tangible fixed assets|7,761,759||2,553,340|10,315,099|
|Fixed asset investments|3,258,900|||3,258,900|
|Current assets|5,345,053|3,850||5,348,903|
|Creditors due within one year|(924,268)|||(924,268)|
|TOTAL|15,441,444|3,850|2,553,340|17,998,634|





## 

|Analysis|of net assets between<br>funds - prio|r period|||
|---|---|---|---|---|
||||Restricted||
|||Unrestricted|Fixed Assets|Total|
|||funds|funds|funds|
|||2019|2019f|2019f|
|Tangible|fixed assets|7,722,074|2,614,408|10,336,482|
|Intangible|fixed assets|33,685||33,685|
|Fixed asset investments||3,017,973||3,017,973|
|Current assets||1,146,491|510,500|1,656,991|
|Creditors|due within one year|(563,658)|(510,500)|(1,074,158)|
|TOTAL||11,356,565|2,614,408|13,970,973|



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