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 be￿een 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 balan￿S 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 expendi￿re
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(ex￿ndIture)
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 gO￿ratsd 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 finall￿81 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 fO￿Seeable 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 re￿ipt. 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 re￿Ipt 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 ServI￿S 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 re￿Ipts 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
can￿lled.
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 aC￿vItIeS
2024
2023
Head Office & G0Veman￿ costs
Depreciation
426,021
17,269
366,884
9,342
443,290
376,226
Anatysed betsveen:
Fundraising
Pra￿slon 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) re￿iVed 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 C￿ltorS
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 Un￿strICted 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 be￿een funds..
£2,000.00012023= £800,000) from unrestricted funds to designated fvnds representing reserves set
aside by Ihe T￿￿teeS 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{Inc￿aseI 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-