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 Se￿1￿ 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 Se￿lee 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 DIRE￿OR5. 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 re￿ived. 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 SChL￿1, 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 t￿atMent, 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 t￿atMent. 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 rese￿e5 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 compan￿5 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
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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
2￿6 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 GuARAP￿EE)
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 c￿dItors. 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 reSoUr￿S 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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