Charity rgglstration number NIC 103900 Company registratlon number N1632583 (Northern Ireland) THE AIR AMBULANCE NORTHERN IRELAND ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE AIRAMBULANCE NORTHERN IRELAND LEGALAND ADMINISTRATIVE INFORMATION Trustses Dr Gerard O'Hare DL, CBE {Chairl Dr David Mcmanus (Vice Chair) Mr lan Crowe. MBE (VI Chair) Mr Mark Beattie Mr Barclay Bell Ms Alison Ke Ms Marianne Johnston Ms Fion8 Hanna FCA (Appointed 25 May 2023) Charity number NIC 103900 Company numbgr N1632583 Registered office 94B Halftown Road Lisbum BT27 5RF Auditor Moore {Nl) LLP 21123 Clarendon Street DerrylLondonderry BT48 7EP Bankor5 Bank of Ireland 4-8 High Street Belfast BT1 2BA
THE AIR AMBULANCE NORTHERN IRELAND STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current tlnanclal year Unrestrlcted Unrestricted funds funds general designated 2024 2024 Restricted funds Total Totsl 2024 2024 2023 Notes Income from: Donations and legacies Charitable activities Merchandise income 4172,500 33,334 4.205,834 3,322,888 9,807 9,807 10.322 Investments 267.099 267.099 Total incomg 4,449.406 33,334 4.482.740 3,333,210 Expenditure on: Raising fvnds Charitable activities $24.368 1,809,145 28,110 552.478 1,809,145 388,615 1,628,525 Totsl expenditure 2,333,S13 28,110 2,361,623 2,017,140 Net income 2,115,893 5,224 2,121,117 1,316,070 Transfers beeen fijnds 11,991,349) 2,OlVJ,000 (8,651) Not movement in funds 124,544 2,000,000 (3N27) 2,121,117 1,316,070 Recon¢lllatlon of funds: Fund balanS at 1 April 2023 5,583,286 5,300.000 8,651 10,891,937 9,575,867 Fund balances at 31 PJ1arch 2024 5,707.830 7,300.000 5.224 13.013.054 10,891.937 The statement of finanaal activities includes all gains and losses recognised in the year. All in¢xJme and expendire derive from continuing activities. 12-
THE AIR AMBULANCE NORTHERN IRELAND STATEMENT OF FINANCIALACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prior financial year Unrestrlcted Unreslricted funds funds general designated 2023 2023 Restricted funds Total 2023 2023 Notes Income from: Donations and legacies Charitable activities Merchandise income 3.314,237 8,651 3,322,888 10.322 10,322 Totsl income 3,324,559 8.651 3,333,210 Expendfturo on: Raising funds Charitable activities 388,815 1,618,525 388,615 1,628,525 10,IXIO Total èxpenditure 2,007,140 10.000 2,017,140 Net Incomel(exndIture) 1.317.419 11,349} 1,316.070 Transfers befvleen fvnds 1800.000) 800.000 Net movement in funds 517.419 800.000 {1,3491 1,316.070 Recon¢lllatlon of funds: Fund balances at 1 April 2022 5.065,867 4,500,000 10,000 9,575,867 Fund balances at 31 March 2023 5.583.286 5.300,000 8,651 10.891.937 13-
THE AIR AMBULANCE NORTHERN IRELAND BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Flxed assets Tangible assets 13 60.840 41,338 Current assets Debtors Cash at bank and in hand 14 36,260 13,036,818 76,948 10,892,274 13,073,078 10,969.222 Creditors: arnounts falling due within one year 15 1120.864) {118,6231 Net currgnt assets 12,952,214 10.850,599 Total assets less current liabilities 13,013.054 10,891,937 Net assets 13,013,054 10,891,937 The funds of the charity Restricted income funds Unresln'cted funds- general Unrestricted funds- designated 18 5.224 5,707,830 7,300,000 8,651 5,583,286 5,300.000 19 13,013,054 10,891,937 These financial statements have been prepared in accordan with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Irustees on 28 November 2024 Dr Gerard Trustee 'Hare DL, CBE {Chair) Dr Dav1d"McMaMti&j!i Chairl Trustee Company registrab-on number N1632583 (Northern Ireland) 14-
THE AIR AMBULANCE NORTHERN IRELAND STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations 25 1,914.216 1,237,036 Investing activities Purchase of tsngible fixed assets Investment income received {36,7711 267,099 {33,0111 Net cash gOratsd frornl(used In) Investlng a¢tlvllles 230,328 133,0111 Net ¢ash used In flnanclng acllvltles Net increase in cash and cash equivalents 2,144.644 1,204,025 Cash and cash equivalents at beginning of year 10,892.274 9,688.249 Cash and cash equivalents at end of year 13.036,818 10,892,274 15-
THE AIR AMBULANCE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information The Air Ambulance Northem Ireland is a private company limited by guarantee incorporated in Northem Ireland. The registered Offi is 94B Halftown Road. Lisbum, BT27 5RF. 1.1 Accounting convention The finall81 statements have been prepared in accordan with the charity's goveming document. Ihe Companies Acl 2006 and "Accounling and Reporting by Charilies". Statement of Re(x)mmended Practi applic2ble to charities preparing their accounts in accordance with the Financial Repo"ng Standard applicable in the UK and Republic ot Ireland (FRS 1021 (effective 1 January 2019)" The charity is a Public Benefit Entity as defined by FRS 102. The finanaal statements are prepared in sterling. which is the functional currency of the charity. Monetsry amounts in these financial Statements are rounded to the nearest £. The financial stalements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements. the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existen for the fOSeeable fijture. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestiicted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Designated funds comprise fijnds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the reslricted funds are set out in the notes to the financial ststements. 1.4 Income Incorne is recognised when the charity is legally entitled to it after any perfomiance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on reipt. other donations are recognised On the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or othenmise if the charity has been notified of an impending distribution, the amount is known. and reIpt is expected. If the amount is not known. the legacy is treated as a contingent asset. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third paty, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activsty for which th8 expenditure was incurred. Costs of raising funds comprise the cost associated with generating voluntary donations through community and events and corporate income and their associated support ¢osts. 16-
THE AIR AMBULANCE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Contlnued) Expenditure on charitable activities includes the costs of ServIS undertaken to further the PUTposes of the charity and their associated support costs. Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finan, personnel. payroll and governance costs which support the charity's activities. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Plant and machinery Fixtures, fittings and equipment IT equipment Motor vehicles 200A per annum - straight line 20 /0 per annum - straight line 20010 per annum straight line 20°/o per annum - straight line The gain or loss arising on the disposal of an asset is determined as the diffe nce betsveen the sale proceeds and the carying value of the asset, and is recognised in the statement of financial activit185. 1.7 Impairment of fixed assets At each reporting end date, the Charity vIewS Ihe carying arnounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is ests'mated in order to determirie the extent of the impairment loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, Other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current li8bilities. 1.9 Flnancial instruments The charity has elected to apply the provisions of Section 11 'B8sic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. &7sic financial assets Basic financial assets, which include debtors and cash and bank balances, are initi?Ily measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement nStituteS a financing tr8nsaction, where the transaction is measured at the present value of the future reIpts discounted at a market rate of interest Financial assets classified as receivable within one year a not amorhsed. 17-
THE AIR AMBULANCE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcles {Contlnued) Basic financial liabllities Basic financial liabilities, induding creditors and bank loans are initially recognised at transaction price unless the arrangement conslitutes a finanang transaction, where the debt instrument is measuted at the present value ol the future payments discounted at a tnarket rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payabte are classified as current liabilities if payment is due within one year or less. If not, they are presented as non4urrent liabilities. Trade creditors are recognised initially at transaction pri and subsequently measured at amortised cost using the effective interest method. Derecognition of financlal Ilabllltles Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or canlled. 1.10 Taxatlon The company is a charity and is recognised as such by HM Revenue & Customs under the charity tax reference N100454. As a resutt. there 15 no liability to taxation on any of its income. 1.11 Employee beneflts The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefils are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.12 Retirement benefits Payments to defined contribution retirement benefrt schemes are charged as an expense as they fall due. Critical accountlng esllmatss and Judgements In the application of the charity's accounting policies. the trustees are iequired to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readity apparent from other sources. The estimates and associated assumptions are based on histortcal experien and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unr9stricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Donats'ons and legacie5 4,172.500 33,334 4,205,834 3,314,237 8,651 3,322.888 18-
THE AIR AMBULANCE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from charitable activltles Unrestricted funds 2024 Unrestricted funds 2023 Merchandise income Merchandise income 9.807 10.322 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 267.099 Expenditure on raising funds Unrestrf¢ted Restrlcted funds funds 2024 2024 Total Unrestricted Rèstricted funds funds 2023 2023 Total 2024 2023 Fundraising and marketing Fundraising and associated activibes Support costs 314,563 209,805 28,110 342,673 209,805 211.071 177,544 211.071 177,544 524,368 28.110 552.478 388,615 388,615 19-
THE AIR AMBULANCE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expendlture on charltsblè actlvitles 2024 2023 Direct costs Provision of HEMS servi Equipment costs 1,569,723 5,937 1,423,965 5,878 1,575,660 1.429.843 Share of support and governance costs {see note 8) Support Govemance 209,805 23.680 177.544 21,138 1.809,145 1,628.525 Analysls by fund Unrestricted lunds- general Restricted funds 1,809,145 1,618,525 10.000 1,809,145 1,628.525 Support costs allocated to aCvItIeS 2024 2023 Head Office & G0Veman costs Depreciation 426,021 17,269 366,884 9,342 443,290 376,226 Anatysed betsveen: Fundraising Praslon of HEMS service 209,805 233,485 177.544 198.682 443,290 376,226 Support and g0Veman costs are allocated to fundraising and charitable actiVTbes by reference to time spent by staff on eath activty. Net movernent in funds 2024 2023 The net m¢)vement in funds is Stated after chargingl{crediÉingl'. Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets 3,600 17,269 3,600 9,342 -20-
THE AIR AMBULANCE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Trustees None of the trustees lor any persons connected with them) reiVed any remuneration or benefits from the charty duTing the year. 11 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number 10 Employment Costs 2024 2023 Wages and salaries Social security costs Other pension costs 336,618 28,701 41,437 273,837 29,892 25,190 406,756 328,719 There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel was as follows.. 2024 2023 Aggregate compensation 152,351 138,986 12 Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 21
THE AIR AMBULANCE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Tanglble flxed assats Plant and machinery Fixtures, IT equipm•nt fittings and equipment Motor vehlcles Total Cost At 1 April 2023 Additions 15,199 13,237 156.501 820 11,663 1,714 9,200 21.000 192,563 36.771 At 31 March 2024 28,436 157,321 13,377 30,200 229.334 Deprociation and impainnent At 1 April 2023 Depreciation charged in the year 1.013 5,518 140,776 3,975 2.536 2,436 151,225 17,269 5,340 At 31 March 2024 6.531 144.751 4,972 12,240 168.494 Carrylng amount At 31 March 2024 21,905 12,570 8,406 17,960 60,840 At 31 March 2023 14.186 15,725 9,127 2.300 41,338 14 Debtors 2024 2023 Amounts falllng due wlthin one year: Other debtors Prepayments and accrued income 7,193 29,067 46,167 30,781 36,260 76,948 15 Creditors: amounts falllng due wlthln one year 2024 2023 Notes Other taxation and social security Deferred income Trade creditors Other CltorS Accruals 3.815 20.375 42,701 12.161 39.571 16 28.691 31,964 4,175 56,034 120,864 118,623 -22-
THE AIR AMBULANCE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Deferred income 2024 2023 Arising from Fundraising income received in advan 28.691 20.375 Deferred income is included in the financial statements as follows= 2024 2023 Deferred income 15 included within.. Current liabilities 28,691 20,375 Movements in the year.. Deferred income at 1 April 2023 Released from previous periods Resour$ deferred in the year 20,375 120.375) 28,691 20,375 Deferred income at 31 March 2024 28,691 20,375 17 Retirement benefit schemes 2024 2023 Defined contribution schemes Charge to profit or loss in respect of defined contributr'on schemes 41,437 25,190 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independenuy administered fund. 18 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific condibons by donors as to how they may be used. At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 The National Lottery Communrty Fund Domiant Accounts Fund The Community Foundation 33,334 (28.110) 5,224 8,651 {8,651) 8,651 33,334 {28.110} (8,651 } 5.224 -23-
THE AIR AMBULANCE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Restrlcted funds {Conllnued) Previous year: At 1 April 2022 Incoming resources Resources expended Transfers At 31 March 2023 Main Grant The Community Foundation 10,000 110,000) 8,651 8,651 10.IXIO 8.651 110,000) 8,651 19 Unrestrl¢t•d funds - designated These are UnstrICted fiJnds which are material to the charity's activitses. At 1 April 2023 Transfers At 31 March 2024 Capital expenditure fund 5,300.000 2,000,000 7,300,000 Prevlous year: At 1 April 2022 Transfers At 31 March 2023 Capital expenditure fund 4.500,000 800.000 5,300,000 This fund represents provision made by the Trustees in respect of the anticipated cost of secursng a pemianent operations base and other potential future capital expenditure. 20 Unrestricted funds The unreslricted funds ot the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These indude designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2023 Incoming rosources Resources expended Transfers At 31 March 2024 General funds 5.583.286 4,449,406 {2,333,5131 (1,991,349) 5,707.830 Prevlous year. At l April 2022 In¢omlng resources Resources expended Transfers At 31 March 2023 General funds 5,065,867 3,324,559 {2,007,1401 (8130,0001 5.583,286 -24-
THE AIR AMBULANCE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Analysls of net assets between fund8 Unrestiicted Unrestricted funds funds general designated 2024 2024 Restricted funds Total 2024 2024 At 31 March 2024: Tangible assets Cuffent assetsllli2bilitiesl 60,840 5,646,990 60.840 12.952,214 7,300,000 5,224 5.707,830 7,300,000 5.224 13,013.054 Unrestricted Unrestrictsd funds funds general designated 2023 2023 Restricted funds Total 2023 2023 At 31 March 2023: Tangible assets Current assetsl(liabilitiesl 41,338 5,541,948 41,338 10,850,599 5,300,000 8.651 5,583,286 5.300,000 8,651 10,891.937 22 Transfers betsveen funds During the year the Trustees made the following transfers beeen funds.. £2,000.00012023= £800,000) from unrestricted funds to designated fvnds representing reserves set aside by Ihe TteeS in respect of the anticipated cost of securing 2 pemanent op.erations base and other potential fiJture pital expenditu. and £8.651 from restricted funds to unrestricted funds representing capital expenditure for which the charity has complied with restrictions and are being released to general funds. as no further restrictions remain in place. 23 Events after the reporting date There have been no significant events impacting the charity Sin the reporting date. 24 Related party transactions There were no disdosable related party transactions during the year. -25-
THE AIR AMBULANCE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 25 Cash generated from oporatlons 2024 2023 Surplus for the year 2,121,117 1,316.070 Adjustments for. Investrnent income recognised in ststement of financial activities Depreciation and impairment of tangible fixed assets {267,0991 17,269 9,342 Movements in working capital.. Decreasel{IncaseI in debtors (Decrease) in creditors Increase in deferred income 40,688 (6,075) 8,316 140,127) 168.624) 20,375 Cash generated from operations 1,914,216 1,237,036 26 Analysls of changes in net funds The charity had no material debt during the year. 27 Auditors Ethical Standards In common with many businesses of our size and nature we use our auditors to assist wf(h the compilation of tt)e statulory financial ststements. -26-