Charity Registration No. 1138457 Company Registration No. 06935959 (England and Wale51 LUCY AIR AMBULANCE FOR CHILDREN CHARITY (LIMITED BY GUARANTEE) ANNUAL ACCOUNTS AND TRUSTEES, REPORT (INCLUDING THE DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022
LUCY AIR AMBULANCE FOR CHILDREN CHARITY (LIMITED BY GUARANTEE) CONTENTS Dlrectors and Tnthees Dean Gillespie {Chairl Emma Earl ITrea5urer) James Mccarthy Peter Lukac (Vice chalrl Patrick Schoennagel Lee Doyle (appointed 10/1112021 as Treasurer) Mathieu Proust Nicola Donnelly Anna Mitchell Ambassadors Dr Carol Cooper Dr Dawn Harper Levi Roots Lucy Dimes Michelle Elman Advisors Dr Nandiran Ratnavel Dr Lee Colller Stephanie Kleyman ISDlicitorl Reglstered Charity name Lucy Air Ambulance for Children Charity Charity number 1138457 Company number 06935959 Reglstered oiYi¢e The Courtyard Shoreham Road Upper Beeding Steyning West Sussex BN44 3TN Website www.lucyaac.org.uk Telephone 020 3096 7870
LUCY AIR AMBULANCE FOR CHILDREN CHARITY (LIMITED BY GUARANTEE) CONTENTS Independent Examiner Mark Cummin5 FCCA FCIE TC Group The Courtyard Shoreham Road Upper Beeding Steyning West Sussex BN44 3TN Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ HSBC Bank Pl¢ PO Box IEZ 196 Oxford Street London WID INT
LUCY AIR AMBULANCE FOR CHILDREN CHARITY (UMITED BY GUARANTEE) CONTENTS Pag• Trustees, Report lincorporatlng the Directors, Report) ststement of Trustees, Responslbillties Independent Examinerfs Report io Statement of Financial Actlvlties li Balance Sheet 12 Notes to the Accounts 13-20
LUCY AIR AMBULANCE FOR CHILDREN CHARITY (LIMITED BY GUARANTEE) TRUSTEES, REPORT IINCORPORATING THE DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2022 The Lucy Air Ambulance for Children Charity ILucy AAC) Trustees and Directors present their Annual Report (including the Directors, Report) for the year ended 31 March 2021 togetherwith the accounts for the Charity. The account5 comply with the requirements of the Companies Act 2006, the Charities Act 2011. the Memorandum and Articles of Association and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffertive l January 2015}. REPORT FROM THE CHAIR OF TRUSTEES This year represented a decade of flying children for Lucy Air Ambulance for Children - a milestone which can't go unacknowledged. Monday 25th October 2021 marked ten years since Lucy Air Ambulance for Children's first- ever transfer. On this day in 2011, we flew Benjamin 170 miles from University of Staffor¢Jshire Hospltal in Stoke- on-Trent to Kingston Hospital in Surrey. so that he could receive neonatal care closer to home. Benjamin'5 transfer was an extremely special milestone for Lucy AAC. This was the beginning of our national air ambulance service that has changed so many children's lives over the past decade. I personally want to thank everyone who has played a role in this success, no matter how big or small- we could not have achieved this without you. Thankyou. It has been a mixed year for Lucy Air Ambulance for Children. Fundraislng ha5 been challenging due to the impart of the uncertain economic climate we are operating in. and yet our seNice has grown 29% year-on-year and we have once again responded to every single referral we have received. l am incredibly proud that we have grown our service offering through the investment in key medical equipment. Such as the Paraid Elevating Transporter+ Trolley- a new state of the art piece of equipment which will not only provide a better experience for the babies that we fly, but will also make the job of our brilliant medical team easier. In addition, we have invested in a training programme for our medical flight team for the first time ever. As a charity. we are mindful that having more trained medical staff available to work on Lucy AAC transfers ensures that our seNice is more accesslble to children across the UK. We will continue to invest in both of these areas over the coming years. I would personally like to thank our preferred service provider, Capital Air Ambulance, who has been instrumental in the success we have achieved in our service this year. We continue to work closely with our NHS partners and are proud to be recognised as a key part of their infrastructure for both neonatal and paediatric transport. The relationships with our NHS transport partners 15 key to our ability to help children, and we would particularly like to thank London NTS, Embrace and NECTAR, who work closely with us and always see the value in what we, as a small charityi can do for children across the country. In terms of fundraisln8, this year was particularly difficult- yet due to the dedication of the Lucy AAC staff team and the ongoing commitment from our loyal donors, we achieved what we needed to for the children and families who rely on us. Corporate and Trusts and Foundations remain by far our largest Income streams. Once again, Houlihan Lokey was our bigEest supporter. Their outstanding and unwavering support of what we do has seen us through some very challenging external fundraising environments. The Charity made a significant investment in corporate fundraising this year as we recruited a full.time corporate fundraiser. We are very excited to see the growth in income this will bring to this area over the coming years. We have also had key successes in our engagement with trusts and foundations- a special thanks 8oes to the CSIS Charity Fund, ISTAT Foundation, Souter Charitable Trust, Sobell Foundation. The Tula Trust and the Hospital Saturday Fund- all of whom have enabled us to continue to change and save children's lives.
LUCY AIR AMBULANCE FOR CHILDREN CHARITY {LIMITED BY GUARAMfEE) TRUSTEES, REPORT {INCORPORATING THE DIREcfoRS' REPORn FOR THE YEAR ENDED 31 MARCH 2022 A highlight of this year was the return of our challenge event portfolio. Thi5 income stream is very special to us as we are left in awe of what individua15 will do to raise funds to help other5. Not only did Terry Knights run the London Marathon for Lucy AAC, but he also took part In an Iron Man and ran the Marathon Des Sablesl James White once again challenged himself for us, running 4 miles every 4 hours for 48 hoursl This is the second running challenge that James has taken on since Lucy AAC flew his nephew in March 2019. James, link back to Dur cause brings me nicely back to our families- the very reason we exlst. Through all of the uncertainty in our external operating environment, we still flew Olivia-Grace from Leeds to London for life-saving cancer treatment; we transported Ben to Great Orniund Street for specialist investigations into his rare dlsease; and we continued to fly premature babies home- like Fraser, Emily and Alizeh - so that families could be reunited and long-term treatment plans established. Ours is a truly amazin8 Se1 that changes lives every week. Over the coming twelve months, we must work to offset the increases in costs that we are experiencing in providing our service. In 2021, each transfer c05t Lucy AAC on average £8.5CKJ. and in 2022 this cost has risen by 9.5% to £9,300 per transFer. This is primarily due to the increase in aviation fuel prices. and cannot be avoided. We are also experiencing an increase in demand for our se)vice. These two factors need to be carefvlly monitored and managed, especially whi15t we try to recover from a global pandemic and the impart thi5 had on our income stream5. Despite all of these challenges, we strive to be there for every child who needs U5. We have robust plans in place and the right team to deliver on them. l am hopeful for the year ahead of us. I genuinely feel it is going to be an iconic year for this charity. Our service is bigger and betterthan ever before, and we a looking forward to an excitin8 2023. We are the UK'S aeroplane ambulance charity. and when the NHS ca115, we put planes in the alr. We will continue to change the Iwes of children across the UK as we grow the Selee over years to come. Dean Glllesple Chair of the Board of Trusiees Lucy Air Ambulance for Children
LUCY AIR AMBULANCE FOR CHILDREN CHARITY ILIMITED BY GUARANTEE) TRUSTEES. REPORT {INCORPORATING THE DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 ABOUT US Registered in October 2010, Lucy Air Ambulance for Children is the only charity In the UK that flies children to hospital by aeroplane. We ensure that children are able to access the specialisl care and treatment they need, wherever they are in the UK. Lucy Air Ambulance for Children is a national charlty that flie5 babies and critically ill children to hospital bv aeroplane to receive specialist treatment and care. Often the only way babies and critlcally ill children can access specialist care is to travel between hospitals by aeroplane and we are the only air ambulance charity in the UK that provides this unique service. These transfers provide life-changing outcomes for the children Lucy AAC fly, including: children being discharged from long hospital stays, overcoming diseases like cancer. and receiving a diagnosis which finally enable5 families to gain new support from other organisations that are dlsease/disability specific. The NHS does not have any budget for air ambulance transfer5 and relie5 on Lucy AAC to provide this e55ential setvice at no cost. Our unique service: We believe that safe, long-distance air transfers within the UK should be avallable for any child needing olle. regardless of distance or cost. As part of the air ambulance network, we are the only charity in the UK that offers transfers by aeroplane which means that.. We can cover the whole of the UK to transfer children over long-distances and across regions. We can fly in a wider range of weather conditions meaning that our flights are less likely to be postponed. Our pressurized cabins can support children with breathing difficulties. We can fly at se8 level to ensure less pressure on a child's brain. Our aircraft can provide an infection-free environment for children post-surgery. Aeroplanes are also less subject to noise and vibration and therefore over longer distances are often a safer and more comfortable environment for children, especially premature babies. There is always space for parents to accompany their child which we know Is so important during such a difficult time for families. We are also the only UKcharitywho has ourown intensive care fllght-ready Incubatorwhieh enables bables to be moved long dlstances to neonatal intensive Care units~ no other charity offers this service. Each transfer costs on averaEe £9,300. OBJEcfivES The principal objectives of Lucy AAC are: he relief of sickness for babie5 and children requiring expert medical care or relocation. We do this by facilitating the provision of a dedicated air transfer service throughout the UK and providing holistic support to their familiel, The vlslon of Lucy AAC is that safe, long distance air transfer5 Wlthin the UK are available for any child needing one, regardless of distance or cost. We believe every thild is important and deserves the right treatment. in the right place, at the right time.
LUCY AIR AMBULANCE FOR CHILDREN CHARITY {LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING THE DIREOR5. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 ACHIEVEMENTS AND PERFORMANCE Due to the ongoing impact of Covid-19 and the uncertain economic environment, fundraisin8 wa5 particularly challenging this financial year. Our strongest income streams continue to be Corporate and Trusts and Foundations. Both performed well, and represented 68% of totsl funds raised this year. The Charity would like to thank Houlihan Lokey for their continued support. Throu8h hosting the'90 Minute Dash, event Houlihan Lokey 115 employee5 came together and raised over £50,000 for Lucy Air Ambulance for Children. Our largest fundraisin8 event to date. We would also like to thank the following Trusts and Foundations, who significantlv contributed to our funding and enabled us to continue to respond to 100% of the referrals we received- CSIS Charity Fund, ISTAT Foundation, Souter Charitable Trust. Sobell Foundation. The Tula Trust and The Hospital Saturday Fund - many of whom have funded our work for several years. This commttment to what we do is Invaluable. This year we saw the return of our Challenge Event portFolio. which had been completely put on hold due to the pandemic. It wa5 wonderful to see our 7 London Landmarks runner5 take on this brilliant half marathon for us. Thank you, Nicola. Kevin, John. Ben, Chris, Mary and MSchelle, who ran and raised £9.196 for Lucy AAC. Some of our runners had been waiting over two years to run this event of us. Thank you a150 to Teri and Lyla Studd who raised £1,882 by jumping out a plane on Saturday 31" July. This unstoppabSe duo completed a parachute jump in memoryofthelr grandsonlnephew Sebastian who we flew last year. In terms of our service, we met our key objective of responding to 100% of all referrals reived. We saw an In(aSe in demand for our service of 29% on the previous financial year. This demonstrates strong growth and a continued increase in need for what we do. We continued to fly premature babies in our incvbator throughout the year- babies such as Fraser who was born 6 weeks early in a holiday cottage in Scotland, miles away from home. Fraserfs Mum says 'when I got the coll tosay that LucyAirAmbuloncefor Children had stepped in to tr(Jnsfer Fraser LTnd me. I wus completelyoverwhelmed with relief and grotitude thot somebody. somewhere would do thotfor me and my boys. All the stre55 and pressure of the situation was liftedfrom my shoulders and Tony and I couldfocus on putting ourfamily bt7ck together Ggoin. I con't ever thank Lucy Air Ambulonce enough fvr supporting us both before and ofter the tron5fer. Whut they did for us was SO fundamentol to our health and happiness us afamily,. they stepped in when we were at a low ebb ond really, really needed support. They're port of our Story now, ond I know that when Fruser learn5 to walk ond tolk. stt7rts SChL1, t7nd novigotes all the other big moments In life, I will olways think of their contribution.. In addltlon, we flew children like Ben and Olwia-Grace who needed critical tatMent, which was vital as they battled their critical illness. Lucy AAC flew Olivia-Grace. who was diagnosed at just 4 months old with a rare form of Leukemia, from Newcastle to Great Ormond Street Hospf(al In London for life-saving tatMent. In October 2021, she rang the bell outside her hospital ward she wa5 cancer free. Through Lucy AAC'S intetvention, Olivia-Grace was able to go home from h05Pltal for the first time in seven months lover half her A key development in our service thisyear involved investment In new medical equipment which would better equip Lucy AAC to provide the highest quality medlcal care forthe all the children who need us. Thls included: A neonatal flight bag to simulate the trolley on a neonatal ward One-year's supply of speclalist equipment which is essential to our flight incubator and ventilator Specialist multi-use flight equipment including- an arterial line, pressure transducer. ComfiNest System to provide a comfortable restraint for babies whilst travelling, small fridgelfreezer to Store breast milk An upgrade of our ventilator software so that we can provide babies with high-flow resplratory support Paraid Elevating Tran5POrter+ Trolley
LUCY AIR AMBULANCE FOR CHILDREN CHARITY (LIMITED BY GUARANTEE) TRUSTEE5' REPORT IINCORPORATING THE DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 We would Ilke to thank the Hobson Charity. the Morri50n's Foundation and Dignity PLC. who all contributed significant fund5 to enable us to purchase this equipment. A further development in our service this year 15 that we have started to offer fixed-wing trainlng to medical professionals that work wlthin paediatricslneonatology. This training aims to upskill medical staff that have no experience of worklng on air transfers and maintain the skills and knowledge of medical staff that are already certified to work on Lucy AAC transfers. This training is available to medical staff across the UK and is accredited by the European Aeromedical Institute IEURAMII. Having more trained medical staff available to work on Lucy AAC transfer5 ensures our service is more accessible to children across the UK. The Charity would like to thank our preferred service provider, Capital Air Ambulance, who have enabled us to develop our service in partnership with them. Capital Air Ambulance has given Lucy AAC a base at their hangar in Bristol Airport where we can store our equipment and keep it maintained. They a150 host our training days and continue to provide the aircraft and expertise we need to keep flying children. The Charity is looking forward to growing this partnership further next year. PUBLIC BENEFIT In establishing the annual objectives and activities which fulfil Lucy overall aims. the Trustees have regard to the principles of public benefit at all times. The Trustees are aware of and have received copies of the Charity Commission's guidance regarding Publlc Benefit and have taken it into account. where relevant. in their planning and decision making. Our service Is delivering positive outcomes for those children and their famllles, benefiting physical and emotional health and well-being and reducing levels of stress. DEVELOPING OUR SERVICE The Trustees continue to monitor and explore opportunities that will contribute to the existing objectives. The key aims and objectives of the Trustees provide the vision for how the Charlty will develop over the next 3 years. Aims include= Respond to 100% of all referra15 received from the NHS. Ensure every child that needs a fixed-wing air transfer can access one. We wlll continue to develop our strategy to engage further with the NHS National Transport Group INTG}, NHS Regional Transport Teams, NHS Trusts, and regional and local hospitals throughout the UK, with the aim to raise the Charity's proh'le and increase referrals inline with Olrr funding. Continue to invest In improving our service to ensure the highest levels of quality and accessibility. This will involve continuin8 to invest in key medical equipment and the expansion of our fixed-wing flight team training programme. We will focus on growing our recurring income streams and reserves to ensijre a sustainable base for the charl$ future. We will continue to look for innovative ways to engage further and strengthen our relationships wlth corporate partners.
LUCY AIR AMBULANCE FOR CHILDREN CHARITY (LIMITED BY GUARANTEE) TRUSTEES. REPORT {INCORPORATING THE DIREcfoRS' REPORn FOR THE YEAR ENDED 31 MARCH 2022 FUNDRAISING AND COMMUNICATIONS We have in place an experienced fundralslng team dedicated to meetinB the targets required and a fundraisin8 Strategy that spreads acros5 all income streams including: Trusts & Foundations- continues to grow as one of our key income stream5. The Charity has allocated more resource to this area of fundraising and we have seen the benefit of thls Investment this financial year. National Collection Box Network-the Charlty continue5 to experience significant decline in this income Stream due to the legacy of Covid-19 and the reductions in the use of cash generally. We wlll continue to monitor how it performs and reassess how we manage this area. Corporate Partnerships- our partnership with Houlihan Lokey has been essential to our success this year once agaln. Thi5 year we invested in this area of fundraising by recruiting a full-time Corporate Partnerships Manager. We are excited to see the impart this role will have in terms of growing this income stream. Community this year continued to be hard for our community fundraisers. However, we are experiencing startin8 to experience Erowth in this area as people start to h05t more fundraising event5 again. The Charity thanks all those who held virtual events and all those who held in-person events to ralse funds for Lucy ACC. We will continue to focus on rebuilding this Income stream and adapting our community fundraising approach to the external envlronment. Communications our Engagement Manager continues to grow our social media following and we benefited from two pro-bono partnerships which focused on our brand growth. We contlnue to focus on raising our brand profile and ensurlng consistency across all communlcation channels. EQUAL OPPORTUNITIES POUCY The charitable company is committed to eliminating any discriminatlon and promoting diversity and equality of opportunity in all it does. It is the charitable companls policy to ensure that no service user. employee or job applicant is treated less favourablyi but not limited to. on the grounds of sex, race. sexual orientation, ethnic or national origin, disability. religion or a8e. Lucy AAC complies with all statutory obligations and codes of practice relating to equal opportunities ta ensure we ellmlnate discrimination and promote equality of opportunlty. STRUCTURE AND GOVERNANCE This report has been prepared under the provisions appllcable to small companies. Lucy Alr Ambulance for Children Charity is a Registered Charity, number 1138457. It Is a Company, number 06935959. limited by guarantee. The Charity is governed by its Memorandum and Articles of Association. which was updated and adopted by the Trustees at the May Board meeting. The Trustees who served during the period were as listed on the Legal and Administrative Information page. As at March 31st 2021 there were 9 guarantors whose liability in the event of a winding up is limited to £10 each. The directors of the company. who are also charity Trustee5 for the purposes of charity law, form the Board of Trustees. Two of the Trustees serve voluntarily as Treasurer and Company Secretary respectively. A full Board meeting is held at least six times durin8 each period of 12 months. One Trustee is appointed as Chair and staff are invited to report on the Service and fundraising activities. The minimum number of Trustees Is four. there 15 no maximum. Prospective Trustees are required to complete an application form and declare any conflicts of interest. No person is appolnted to Serve as Trustee unless recommended by the existingTrustees. NewTru5tees are introduced to the Board and briefed
LUCY AIR AMBULANCE FOR CHILDREN CHARITY (LIMITED BY GUARANTEE) TRUSTEES. REPORT IINCORPORATING THE DIREcfoRS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022 as appropriate, also to observe and follow the requirements and guidelines set down by the Charity Commission. RISK MANAGEMENT The Trustee5, together with Staff, are implementing controls and procedure5 throughout the organisation to minimise external and internal risk and ensure a consistent, high quality of care for the children and appropriate working conditions for the staff. Risks have been identified to which the Charity is exposed and which might impact on Lucy AAC'S ability to achieve tt5 objectives. To mitigate those risks, policies and procedures are being developed and they will be designed to provide reasonable, but not absolute, assurance against material misstatement or1055. The Trustees have established an ongoing process for identifyin& evaluating and managing Lucy AAC'S key risks. In particular. the following are areas that will be subject to ongoing monitoring: Obtaining sufficient funding to provide for the service Providing the capacity to meet the demand for services Ensuring that the service meets required standards Avoiding actions that could damage the organisation's reputation Recruiting and retaining sufflcient levels of skilled staff Providing adequate Icr systems and ensuring the protection and security of confidential information The overall management and development of systems and personnel Ensuring the provision of adequate levels of governan¢e and operational control through its Trustees and senlor management Flnantial reporting within a comprehensive planning and accounting framework The Trustees wlll continue to monitor the risk5 and the effectiveness of the system of control that has been put in place by the Charity. MANAGEMENT The CEO is responsible for ensuring that the delivery and standards of the 5eThice meet the objertives set Dut by the Trustees. FINANCIAL REVIEW We a reporting on a 12 month period, April 1 2020 to March 31" 2021. Gross income of £269,705 was achieved131" March 2020.- £321,055). Resources expended in the period were £253,395131St March 2020.. £323.7221. £150.6591315t March 2020 £181,282) direct transfer costs were incurred in the year. RESERVES POLICY It is the policy of the Board to build sufficlent unrestricted reserves to cover six months of expenditure. The Trustees have no plans to seek borrowing5 from any source. The £112,391 of unrestricted free reserves lunrestricted reserves less any tied up in fixed assetsl131 March 2020: £87,726) is available to help meet the Charity's running costs and charitable activities. This level of funds is suflicient to cover 4 months of expenditure (assuming a return to normol staffing and activity levelsl. The board seeks to increase the level of reserves over coming months.
LUCY AIR AMBULANCE FOR CHILDREN CHARITY (LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCORPORATING THE DIREcfoRS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022 A key objective of the Trustee5 is to ensure the Charity has adequate funding to Safeguard its daily activities and meet its financial obllgation5 and commitments. The Trustee5 are aware of the constant need to secure funding for future years. GOING CONCERN Accounting standards require the Trustees to consider the approprlateness of the going concern basis when preparing the financial statements. The Trustees confirm that they conslder the going concern basis remains appropriate. The Trustees have taken notice of the Flnancial Reporting Councll guidance "Going Concern and Liquidity Risk - Guidance for Directors of UK Companies 2009" which requires the reasons for this decision to be explained. The Truskee5 regard the going concern basis as MainIng appropriate as the company has adequate resources to continue In operational existence for the foreseeable future. The Charity has sufficient resee5 to make several transfer5 and the income stream is growing to enable further transfers to be made in the future. STATEMENT AS TO DISCLOSURE OF INFORMAnoN TO INDEPENDENT EXAMINER So far as the Trustees are aware, there is no relevant information of which the compan¢s independent examiners are unaware. Each Trustee has taken all the steps that they ought to have taken as a Trustee in order to make themselves aware of any relevant independent examination information and to establish that the compan5 independent examiners are aware of that information. The Trustee Report incorporatlng the Direttors, Report was approved by the Board of Trustees on 22 December 2022 and signed on its behalf by; Dean Gillespie Chair of Trustees
LUCY AIR AMBULANCE FOR CHILDREN CHARITY (LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH2022 The Trustees, who are also the Directors of Lucy Air Ambulance for Children Charity for the purpose of company law, are responsible for preparing the Trustees, Report Ilnwrporating the Directorfs Report) and the accounts in accordance with applicable law and Unlted Kingdom Accounting Standard5 Iunlted Kingdom Generdlly Accepted Accounting Practice). Company law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resour$. including the income antl expenditure, of the charitable company for that year. In preparing these accounts, the Trustee5 are requlred to.. select suitable accounting policies and then apply them consistently,. obseNe the methods and principles in the Charities SORP: make judgements and estimates that are reasonable and prudent; stale whether applicable UK accounting standards have been followed, subjert to any material departures disclosed and explained in the financial statements- and prepare the accounts on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accurary at any time the financial position of the Charity and to enable them to ensu that the financial statements comply with the Companies Act 2006. They are also sponSible for safeguarding the assets of the Charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. TheTrustees are responsible forthe maintenance and Integrity of the corporate and financial information included on the charitable companvs website. Le8islation in the United Kingdom governing the preparation and dissemination of financial statement5 may differ from legislation in other jurisdictions.
LUCY AIR AMBULANCE FOR CHILDREN CHARITY {LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF LUCY AIR AMBULANCE FOR CHILDREN CHARITY FOR THE YEAR ENDED 31 MARCH 2022 I report to the charity trustees on my examination of the accounts of the compary for the year ended 31 March 2022 which are 5etout on pages 11 to 20. Responslbilitle5 and basls of report As the charit¢5 trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparatlon of the accounts in accordance with the requirements of the Companie5 Act 20061.the 2006 ACVI. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respert of my examination of your charitvs accounts a5 carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charlty Commission under section 14515llbl of the 2011 Act. Independent examlner's statement Since the Companvsgrossincome exceeded £250.OC(lyourexamlnermu5t be a memberofa body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Association of chartered Certified Accountants. which is one of the listed bodies. I have completed my examlnation. I confirm that no matters have come to my attention in wnnection with the examlnation giving me cause to believe: accounting records were not kept in respect of the Company as qUired by section 386 of the 26 Act,. or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Art other than any requirement that the accounts gNe a 'true and fair view which is not a matter considered as part of an independent examination: or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Re¢ommended Practice for accountin8 and reporting by charities. I have no concems and have come across no other matters in connection with the examination to which attentlon should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mark Cummlns FCCA FCIE4D behalfof TCGroup The Coutyard 5horeham Road Upper Beeding Steyning West Sussex BN44 3TN Dated: 22 December 2022 -1(
LUCY AIR AMBULANCE FOR CHILDREN CHARITY ILIMITED BY GUARANTEE STATEMENT OF FINANCIALACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022 Unrestricted funds Re5trlcted funds Total 2022 Total 2021 Income from: Notes Donations 212A62 29,700 242,162 231,010 Grants 14,100 14.100 28,125 Charitable actlvities 27,880 27.880 10.570 Total income 254,442 284,142 269,705 Ex ndlture on: Raising funds Fundraisin8 Costs 122.997 122,997 96,156 Charltable actlvities Provision of air ambulance transfers 199,907 10,000 209,907 157.240 Totsl expenditure 322,904 iO,ODD 332.904 253.395 Net Income/(expendSture) 168,462) 19,700 148,7621 16,310 Transfers between funds 14 Net movement In funds 168.462) 19,700 (48,762) 16,310 Fund balances at l April 2021 197.802 197,802 181,493 Fund balances at 31 March 2022 129,340 19,700 149,040 197,802 All activities are cla$5ified as continuing. The are no recognised gains or105ses other than those reported on the Statement of Financial Activities.
LUCY AIR AMBULANCE FOR CHILDREN CHARITY {UMITED BY GUARANTEE) BALANCE SHEET AS AT 31 MARCH 2022 Z022 2021 Notes Flxed assets Tangible assets li 79,561 79561 85,411 85.411 Current assets Debtors Cash at bank and in hand 12 7,307 130,239 137,546 89,159 89.159 Creditor5: amounts fallln8 due withln one year 13 (19,680) 125,155) Net current assets 69.479 112,391 Totsl net assets 149.040 197,802 Income funds Re5trirted funds 19,71XI Unrestricted income funds 129,340 197,802 149,040 197,802 The account5were approved bythe Board on 22 December 2022 Dean Gille5pie Chalr of Trustees Company Reglstratlon No. 06935959 -12-
LUCY AIR AMBULANCE FOR CHILDREN CHARITY (LIMITED BY GUARANTEE NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 1.0 Statutory Snfomiatlon Lucy Air Ambulance for Chlldren Charity is a charitable company. limited by guarantee, registered In England and Wales. The charitable compan¢s re8lStered number and registered office address can be found in the Legal and Administrative Information section of the accounts. 2.0 Accounilng policles 2.1 Basls of preparation The accounts have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charitie5: Statement of Recommended Prartice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20151- (Charities SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The financial statements are prepared in sterling. which is the funrtional currency of the charity. Monetary amounts in these financial statements are roijnded to the nearest pound. LucyAirAmbulance forchildren Charity meets the definition of a public benefit entty under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notelsl. After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. This includes considerin8 the impart of the COVID-19 pandemic on the income generation of the charity. For this reason they continue to adopt the going concern basis in preparing the financial statements. 2.2 In¢ome All income is accounted for in the Statement of Financial Activities ISOFAI when the Charity 15 legally entitled to the income. receipt is probable and the amount can be quantified with reasonable accuracy. Income from donations is accounted for as received by the Charity. The income from fund raising venture5 15 shown gross. with the associated costs included in fund raising cost5. The value of voluntary work is not Included in the financial statements. Grants are recognised in full in the year in which they are receivable and the charity is entitled to the income. Other income is recorded on an accruals basis. 2.3 Expenditure Costs are included in the Statement of Financial Activities on an accruals basis inclusive of irrecoverable VAT. All cost5 are allocated between expenditure categories and departrnents on a basis designed to reflert the use of the resource. -13-
LUCY AIR AMBULANCE FOR CHILDREN CHARITY {LIMITED BY GUARANTEE) NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 Fundraising expendlture comprises costs incurred In inducing people and organisations to contribute financially to the Charity's work. This includes the cost of advertising for donations and the staging of special events. Where possible. costs have been allocated direttly to the activty to which they relate. However, there are also central support Costs that enable the Charivs charitsble income generating and administrative activities to be undertaken. These costs have been allocated as follows: Staff costs allocated on a time basis Other costs allocated on estimated resource use 2.4 Tangible flxed assets and depreclatlon Tangible fixed assets are stated at cost less depreciation. Depreciation 15 provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows.. Computer equipment Plant& equipment 25-30% straight line 10-15 years straight line Assets costing less than £100 are written off to the Statement of Flnancial Activities and are not considered for capitalisation purposes. 2.6 Investments Fixed asset investments are ststed at cost less provision for any impairment. 16 Debtor5 Trade and other debtors are recogrtised at the settlement amount due. Prepayments are valued at the amount prepaid. 2.7 Cash at bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments. The trustees seek to use short and medium term dep051ts where possible to maxlmise the return on monies held at the bank and to manage cash flow. 2.8 Flnanclal instruments The Charity onty has financial 355ets and financial liabilities of a klnd that qualify as baslc financial instruments. Baslc financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 2.9 Creditors and provisions Creditor5 and provisions are recognised where the Charity h35 a present obligation resulting from a past event that will probably result in the transfer of funds to a thlrd party and the amount due to settle the obligation can be measured or estimated reliably. -1
LUCY AIR AMBULANCE FOR CHILDREN CHARITY (LIMITED BY GLIARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 110 Accumulated fund5 Funds held by the Charity are either.. Unrestricted general funds- these are funds which can be used in accordance with the charitable objects at the discretion of the trustees. Restricted funds- Donations, bequests or incoming resources for which the donor has earmarked for specific purpose are treated as restricted funds. Further explanation of the nature and purpose of each fund is included in the notes to the financial Statements. 2.11 Taxation The charitable company Is registered as a charity and all of its income falls within the exemptions under Part 11 of the Corporation Tax Act 2010. Income from donatSons Unre5trlcted funds Restrlrted funds Total 2022 Total 2021 Charity boxes General donations from individuals Charitable Trust Donations Other donations 32,613 16,569 68,019 95.261 212.462 32,613 16,569 87,719 105,261 242,162 24,839 18,246 91,038 96,887 231.010 19.7QXJ iO,OtK) 29,700 Income from grants Unrestrlcted funds Restricted tunds Total 2022 Total 2021 Coronavirus job retention scheme 14,ILX) 14.100 14,100 14,100 28,125 28,125 Income from charitable actlvities UnrestrScted Restrlrted funds funds Totsl 2022 Total 2021 Event In¢ome Lottery income Equipment hire fees 26,841 539 500 26,841 539 500 5,402 568 4,600 10,570 27,880 27,880
LUCY AIR AMBULANCE FOR CHILDREN CHARITY (LIMITED BY GUARANTEE) NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 Totsl expendlture stsff costs Depreclation Other Total 2021 Total 2020 Costs of raising fund5 Fundraising costs Support Costs 91,228 24,991 6,778 31,769 116,219 6,778 IZ2,997 90,939 5,217 96,IS6 91,228 Charitable artlvitles Provi ion of Air Ambulance transfers Activities undertaken Support costs Total 38,323 8.920 159,853 2.811 162.664 207,096 2,811 209,907 150,431 6,809 157,240 38,323 8,920 Total expenditure 129,551 8,920 194,433 332,904 253.395 Support costs Total 2022 Total 2021 Professional and legal fees 1,875 823 216 4,080 928 1,667 9,589 2,266 3,970 76 3.652 35 2,026 12,025 Printing and stationery Independent examiner Travel General expenses These costs Include amounts payable to the independent examlners of E4,08012021: £3,652} for independent examination and other services. Trustees None of the trustees lor any persons connected with them) received any remuneration during the year or recewed any reimbursement of expenditure. -16-
LUCY AIR AMBULANCE FOR CHILDREN CHARITY {LIMITED BY GuARAPEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 Comparative funds- Ststement of FSnan¢ial Activities for the period ended 31 March 2021 Unrestrlcted fund5 Restrlrted funds Total 2021 Total 2020 Income from: Donations Grants Charitable activities Notes 224,760 28,125 6.250 231,010 28,125 10,570 278,253 10,570 42,802 Total Income 263,455 6,250 269,705 321.055 Expendlture on: Raising funds Fundraising ¢ostS 96,156 96,156 123,866 Charitable actiyltles Provision of air ambulance transfers 150,990 6,250 157,240 199,856 Total expenditu 247,145 6,250 253,395 323,722 Net income/(expenditure) 16,310 16,310 12,6671 Transfer between funds 14 Net movement in funds 16,310 16,310 {2.6671 184,160 Fund balances at l April 2020 181A93 181A93 Fund balan¢e5 at 31 March 2021 197,802 197,802 181,493 10 staff costs The total average monthly number of employees (number of staff employed) during the reporting period was 412021.. 3). Staff costs Totsl 2022 Total 2021 Wages and salaries Social security costs Pension costs 118,862 7,826 2,864 129,551 104,433 11,024 2,645 118,102
LUCY AIR AMBULANCE FOR CHILDREN CHARITY (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 No employee received remuneration above £60k. The key manageTnent personnel of the Charity comprised the Chief Execut5ve. The total employee benefits of the key management personnel were £47,90512021: £45,845). 11 Tanglble fixed assets Computer equipment Plant and equlpment Total Cost At 31 Aprll 2021 Additions 8,397 3,070 11.467 125.127 133,524 3,070 136,594 At 31 March 2022 125,127 Depreciation At l April 2021 Charge for the year At 31 Mar¢h 2022 8.397 565 39,716 8,355 48,071 48.113 8,845 56,959 8,962 Net bookvalue At 31 March 2022 2,505 77,056 85,411 79,561 85.411 At 31 March 2021 12 Debtors 2022 2021 Trade debtors Prepayments and accrued income 3.747 3,560 7,307 13 cdItors. amounts falllng due withln one year 2022 2021 Trade creditors Other creditors Accruals Taxes and social 5ecurlty 11,197 1,168 14.754 592 3.235 19,680 3,269 25,155 18-
LUCY AIR AMBULANCE FOR CHILDREN CHARITY ILIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 14 Restrirted funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants for specific purposes: Balance at l April 2021 Transfers between f4Jnd5 Balance at 31 March 2022 Income Expenditure Mission fund 29,7CM) lo,)0 19,700 29.700 io.o(x) 19,700 Mlsslonfvnd This fund represents incoming reSoUrS to be used directly towards the cost of continulng and expanding the number of missions carried out by the Charity. 16 Analysls of net assets between funds Unrestrirted funds Restrirted funds Total Fund balances at 31 March 2022 are represented by: Tangible fixed assets Current assets Creditors: amounts falling due within one year 79,561 69.459 79,561 89,159 19,700 {19,6801 (19,680) 129,340 19,700 149,040 Unrestrfrted funds Restrlrted funds Totsl Fund balances at 31 March 2021 are represented by.. Tangible fixed assets Current assets Creditors.. amounts falling due within one year 85,411 137,546 85,411 137,546 125.1551 (25,155) 197,802 197,802 19-
LUCY AIR AMBULANCE FOR CHILDREN CHARITY (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 16 Related partytransactlons During the year some trustees made donations to the charity totaling £Nil12021: £371} which had no restriction attached to them. There were no other related party transactions in the year or previous year. 17 ShaTe capltal Lucy Air Ambulance for Children Charity is a company limited by guarantee and has no share capitsl. 18 Control No one member has overall control of the Charity. -20-
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