Oocuslgn Envelopè ID.. 4E0168ES-FC3F4839-B1B1-70570F337292
Charity registratlon number NIC 103900 (Northern Ireland)
Company registration number N1632583
THEAIRAMBULANCE NORTHERN IRELAND
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

Do¢u5ign Envelope10.' 4E0168E&FC3F48394IB1-70570F337292
THE AIR AMBULANCE NORTHERN IRELAND
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Current finan¢lal year
Unrestricted Unrestrictsd
funds
fund$
general designated
2025
2025
Restrlcted
funds
Total
Total
2025
2025
2024
Notes
Incomo and endoNvments from:
Donations and18gaciès
Charitable activities
Merchandise income
4,528,187
73,333
4.601,520
4.205.834
16,276
16,276
9.807
Investments
Other income
520.949
9,540
520,949
267,099
Total income
5,074,952
73,333
5.148,286
4,482,740
Expenditure on:
Raising fvnds
Charitable activilies
589.102
1,754,569
42,643
631,745
1.754,SS9
552,478
1.809,145
Totsl oxpenditure
2.343.661
42,643
2,386,304
2,361.623
Net Income
?,731.291
30,690
2,761,981
2,121,117
Transfers bel￿een funds
23
(2,464,086)
2,500.000
(36.914)
Net movement in funds
10
267,205
2,500,000
(5,224)
2.761.981
2.121,117
Ra¢onciliation ot funds:
Fund balances at 1 April 2024
5,707,830
7.300.000
5.224
13.013.054
10,891,937
Fund balances at 31 March 2025
5,975,035
9.800.000
15,775,035
13,013,054
The statement of financial activits'es includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
13-

Docu¥ign Envelope ID.. 4E016eE6-Fc3F483￿B1Bl-70sT0Fs37292
THE AIR AMBULANCE NORTHERN IRELAND
STATEMENT OF FINANCIALACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Prtor financial year
Unrestricted Unrestricted
fvnds
funds
general designated
2024
2024
Restricted
funds
Total
2024
2024
Note5
Income and endowments from:
Donations and legacies
Charitable activities
Merchandise income
4,172,500
33.334
4.205.834
9.807
9.807
Investrnents
267,099
267.099
Total Income
4,449,406
33,334
4,482,740
Expondlturo on:
Raising funds
Charitable activities
524,368
1,809.145
28,110
552,478
1,809,145
Total oxpendlture
2,333,513
28,110
2,361,823
Net Income
2,115,893
5,224
2,121,117
Transfers be￿een fvjnds
23
(1,991,349)
2,000,000
{8,651)
Net movement In funds
10
124,544
2,000,000
13,427)
2.121,117
Reconclllatlon of funds:
Fund balances at 1 April 2023
5,583,286
5,300.000
8,651
10,891,937
Fund balances at 31 March 2024
5,707,830
7,300,000
5,224
13,013,054
14-

Docusign Envelope ID.. 4E0168E6-FC3F4839-B1B1-70570F337292
THE AIR AMBULANCE NORTHERN IRELAND
BALANCE SHEET
ASAT31 MARCH 2025
2026
2024
Notes
Flxed assèts
Tangible assets
14
1,368.279
60,840
Current assets
Debtors
Cash al bank and in hand
15
86,299
14441,832
38,260
13,036,818
14528,131
13,073,078
Creditors: amounts falling duo Wbthin
one year
16
1111,375)
1120,8641
Net current assets
14,416,7S6
12,952.214
Total assets less current Ilabllltles
15,775,035
13,013,054
Thefunds of the charity
Restricted income funds
Unrestricted fiJnds- general
Unrestricted funds- designated
19
21
20
5,224
5,707,830
7,300,000
6,975,035
9,800,000
15,775,035
13.013,054
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financAal statements were approved by the trustees on 18 December 2025
dtr.
ILty IAbL
D37FV3F5F2B54CI_.
7SF52YBalÉUDA
¢442848AF1Qi488
Dr David Mcmanus (Chairl
Trustee
Mr lan Crowe, MBE Ivice Chairl
Trustee
Mr Mark Beattie (Vice Chairl
Trustee
Company registration number N1632583 (Northern Ireland)
15-

Docusign Envelop& ID.. 4E0188E6-FC3F483WB1B1-70570F337292
THE AIR AMBULANCE NORTHERN IRELAND
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operating activities
Cash generated from operations
27
2,188,911
1.914,216
Investfng activities
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Investment income received
11,314,846)
(36,771)
10,000
520,949
267,099
Net cash (used inllgoneratod from Investlng
activities
1783,897)
230,328
Net cash generated from fflnan¢lng actSvltles
Net increase In cash and cash equlvalents
1,400,014
2,144,544
Cash and cash equivalents at beginning of year
13.036.818
10,892,274
Cash and cash equivalents at end of year
14,441,832
13.036,818
16-

Docuslgn Envelope10-. 4E0168E6.FC3F4839-81B1-7057DF337292
THE AIR AMBULANCE NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting pollcles
Charlty inforniation
The Air Ambulance Northern Ireland is a privale Company limited by guarantee incorporated in Northern
Ireland. The registered office Is 94B Halftown Road, Lisbum, BT27 5RF.
1.1 Basis of preparatlon
The financial statements have been prepared in accordance with the charity's governing document, the
Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102} (effective 1 January 20191" The charity is a Public
Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, vlhich is the functional currency of the charity. Monetary
amounts in th8S8 financial statements are rounded to the nearest £.
The financial statements have been prepared under the histarical cost convention. The principal accounting
policies adopted are sel out below.
1.2 Golng concern
At th& time of approving the financial statements, the trustees have a reasonable expectation that the charty
has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going conc8rn basls of accounllng in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds a￿ avai18ble for use al the dISc￿tion of the trustees in furtherance of their chaTltable
objectives.
Designated fvnds comprise fijnds which have been set aside at the discretion ol the trustees for specific
purposes. The purposes and use$ of the designated funds are set out in the notes to the financial statéments.
Restricted funds aré subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are sel out in Ihe notes to the financial Statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured rellably, and it is probable that income will be received.
Cash donatlons are recognised on receipt. other donations are recognised once the charlty has been notified
of the donation, unless perforrnan￿ conditions require deferral of the amounl. Income tax recoverable in
felalion to donations received under GfftAid or deeds of covenant is recognised at the time of the donation.
Legaci8s are recognised on recèipt or otherwise if the charity has been notified of an impending dislribution.
the amount is kn¢)wn, and receipt is expected. If the amount is not known, the legacy is treated as a
nlingent asset.
1.6 Exponditur8
Expenditure is recognised once there is a legal or constructive obligation to make g payment to a third party, 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 adivty for which the expenditure was incurred.
Costs of raising funds comprlse the cost associated with generating voluntary donations through community
and events and corporate income and their assoc¢ated support Costs.
17-

Docusign Envelope ID.. 4E0168E6.FC3F4839-B1B1-70570F337292
THE AIRAMBULANCE NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting pollcles
{Continued)
Expenditure on ¢hari18ble activities includes the costs of services undertaken to further the purposes 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, finance, personnel. payroll and governance costs which
support the charity's activities.
1.6 Tanglble flxed assets
Tangible fixed assets are initially measured at cost and subsequentjy measured at cost or valuation. net of
depreciation and any impairment losse$.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases-.
Plant and machinery
Fixtures, fittings and equlpment
IT equipment
Motor vehicles
200A per annum straight line
20% per annum str8ight line
200A per annum - straight line
200A per annum - straight line
The gain or loss arising on the disposal of an asset is determined as the difference bebNeen the sale proceed5
and the carrying value of the asset, and is recognised in the siatement of financial activities.
1.7 Impalrment of flxed assets
At each reporting end date, the charity reviews the ¢arrying amountg of its tangible assets to detemiine
ether there 1$ any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimaled in order to determine the exient of the impairment
loss lif any).
1.8 Cash and cash oquivalonts
Cash and cash equivalents include cash in hand, deposits held at call witr banks, other short-tèmi liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
v￿thin borrowings in current liabilities.
1.9 Finan¢lal Instruments
The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its finanual instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provlslons of the instrument.
Financial ass8ts and liabilities aré offset, with the net amounts presented in the financial statemènts. when
there is a legally enforceable ri9hl to set off the recognised amounts and there is an intention lo settle on a net
basis or ta realise the asset and settle the liability simultaneously.
Basic financlal assgts
Basic financial assets. which include debtors and cash and bank balances, are initialty m8asured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
18

Docusign Envelope ID.. 4E0168E6-FC3F4839-B1B1-70570F337292
THE AIR AMBULANCE NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
A¢countlng policies
Icontinued)
Bas1¢ financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interesL Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently caryied at amortised cost. using the effective interest rale method.
Trade cr8dltors are obligations to pay for goods or servicés that have been acquir8d in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment 15 due within one
year or less. If not, they are presentéd as non-current liabilities. Trad8 creditors are recognised initially at
transaction price and subsequently measured at amortlsed cost using the effective Interest method.
Derecognition of flnanclal Ilablllties
Financial liabilities are derecognised when the chartys contractual obligations expire or are discharged or
cance116d.
1.10 Taxation
The company is a charity and is recognised as $u¢h by HM Revenue & Customs under the charity tax
reference N100454. As a result, there is no liability to taxalion on any of ils 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 b8n8fits are recognised immediately as an expense when the charity is demonstrably ￿MmItted
to terminate the employment of an employee or to provide termination benefits.
1.12 Retlrement beneflts
Payments to defined contribution retirement benefit schemes are charged as an expens8 as they fall due.
Crltlcal a¢countlng estlmates and judgernents
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on hislorlcal experience and other factors that
are considered to be relevant. Actual results may drffer from these estimates.
The estlmates and underlying assumptions are reviewed on an ongoing basis. Revislons to accounting
estirnates arè 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 vthere the revision affects both current and future
periods.
Income from donations and legacios
Unrestrictfrd Restrlcted
funds
funds
2025
2025
Total Unrostrlcted Re5trlcted
funds
funds
2024
2024
Total
2025
2024
Don8tions and legacies
4,628,187
73,333 4,801,520
4,172,500
33.334 4,205,834
19-

t)ocusign Env8lope10'. 4E0168E6.FC3F4839-81B1-70570F337292
THE AIR AMBULANCE NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from charltable activities
Unrestricted
funds
2025
Unrestrfcted
funds
2024
Merchandisa income
Merchandise income
16,276
9,807
Income from Investmonts
Unrestricted UnTe5tricted
funds
funds
2025
2024
Interest receivable
620,949
267,099
Other incorne
Unrestricted Unrestrlcted
funds
funds
2026
2024
Net g8in on disposal of tangible fixèd assets
9.540
Expendlture on raising funds
Unrestricted Restricted
funds
lunds
202S
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Totsl
2025
2024
Fundralslng and marketing
Fundraising and
associated activities
Support costs
359,632
229,470
42.643
402,275
229,470
314,563
209,805
28,110
342,673
209,805
589,102
42,643
631,746
524,368
28.110
552,478
-20-

Docusrgn Envelope ID.. 4E0168E6-FC3F483&B1B1-70570F337292
THE AIR AMBULANCE NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expendlturo on charitsble activilies
2025
2024
Dlrect costs
Provision of HEMS setvlce
Equipment CQ8ts
1,482,423
13,840
1,569,723
5,937
1.496,263
1,575.660
Share of support and govornance costs (see note 9)
Support
Govemance
229,469
28,827
209.805
23,680
1,764,659
1,809,145
Analysis by fund
Unrestricted funds - general
1,754,559
1,809,145
Support Costs allocated to activities
2025
2024
Head Offic8 & Governance costs
Depreciation
470,820
16,946
426,021
17,269
487,766
443,290
Analysed between:
Fundraising
Provlslon of HEMS service
229,470
258,296
209,805
233,485
487,766
443,290
SuppDrt and governance costs are allocated to fundraising and charitable aolivilies by reference to time spent
by staff on each activity.
10 Net movemgnt in funds
2026
2024
The net movement in funds is stated after chargingl{crediting)'.
Fees payable for the audit of the charity's finanual statements
Depreciation of owned tangible fixed assets
Profit on disposal of tangible fixed assets
3,600
16,946
19,540)
3.600
17,269
11 Trustees
None of the trustees (or any persons connected with them} received any remuneration or benefits from the
charity during the year.
21

Docusign Enveiape ID.. 4E0168E6-FC3F483941B1-70570F337292
THE AIR AMBULANCE NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Employees
The average monthly number of ernployees during the year was..
2025
Nurnber
2024
Number
12
10
Employment costs
2025
2024
Wages and salari85
Social security costs
Other pension costs
374.445
38,773
41.793
336,618
28.701
41,437
465,011
406,756
The￿ were no employees whose annual remuneration was more than £60,DOO.
Remuneratlon of key management personnel
The remuneration of key management personnel was as foll¢)WS'.
2025
2024
Aggregate compensatlon
153,410
152,351
13 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or $eclion
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
-22-

Docusign Envelope ID.. 4EO168E6-Fc3F483￿B1Bl-7O57oF337292
THE AIRAMBULANCE NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AIARCH 2025
14 Tangible flxed assets
Assets under
Or￿truCtion
Plant and
rnachinery
Fixtures. IT equipment
fittings and
equKpment
Motor
vehicks
Tolal
Cost
At 1 ApTiI 2024
Additions
DisP05als
28,436
157.320
4,229
13,377
28,510
30,200
229,333
1.314,846
(9.200)
1,282,107
(9,200)
Al 31 March 2025
1.282.107
28,436
161,549
41.887
21,000 1,534.979
Depreciation and
impairment
At 1 April 2024
Depre¢iation charged in the
year
Eliminated in respect of
disposals
6,531
144.751
4,972
12,240
168.494
5,687
4,345
2,714
4,200
16,946
18.740)
18,740)
At 31 March 2025
12,218
149,096
7,686
7,700
176,700
Carrylng amount
At 31 March 2025
1,282.107
16,218
12,453
34.201
13,300 1,358,279
At 31 March 2024
21,905
12.570
8,405
17,960
60.840
The charity paid a deposit on a new helicopter during the reporting period and this amount is capitslised under
the heading Assets Under Construction. Delivery of the helicopler is expected in 2026.
15 Debtors
2025
2024
Amounts falllng due within one year:
Other debtors
Prepayments and accrued income
55,666
30.633
7,193
29,067
86,299
36,260
16 Creditors: amounts falling due within one year
2025
2024
Notes
Deferred income
Trade creditors
Other creditors
Accxuals
17
28,691
31.964
4,175
56,034
39.249
15,934
56,192
111,375
120.864
-23-

Docusigfi Envelope ID.. 4E0168E6-FC3F4839-B1B1-70570F337292
THE AIR AMBULANCE NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Deferred income
2025
2024
Arising from Fundraising income received in
advance
28,691
Deferred income is included in the financial stalements as ft)Ilows'.
2025
2024
Deferred income is included wthin..
Current liabilities
28.691
Movements in the year..
Deferred income at 1 April 2024
Released from previous periods
Resources deferred in the year
28,691
128,691)
20,375
(20,3751
28.691
Deferred income at 31 March 2025
28,691
18 Retirement beneflt schemes
2025
2024
Defined contrlbution schemes
Charge to profit or loss in respect of defined contributlon schemes
41,793
41,437
The charity operates a defined contribution pension scheme for all qualifying employeès. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
19 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and gTant5 held on trust
subject to specific conditions by donors as to how they may be used.
At 1 Aprfl
2024
Incoming
resources
Resources
expended
Transfers At 31 March
2025
The National Lottery
Community Fund Donnanl
Accounts Fund
Tursls & Foundations
5,224
33,333
40.000
138,557)
(4,086)
(35,914)
5,224
73.333
142,643)
135,914)
-24-

Docusign Envelope ID.. 4EOl68E6-Fc3F483￿B1Bl-7O57OF337292
THE AIR AMBULANCE NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19 Restricted funds
{Continued)
Previous year:
At 1 Aprll
2023
Incomlng
sources
Resources
expended
Transfers At 31 March
2024
The National Lotlery
Community Fund Domiant
Ac￿Unts Fund
The Community Foundation
33,334
128,1101
5.224
8,651
(8.651)
8,651
33,334
128,1101
18,651)
5.224
20 Unrestrlctod funds - designatgd
These are unrestricted funds which are material to the charitys activities.
At 1 April
2024
Transfers At 31 March
2025
Capital expenditure fund
7,300,000
2.500.000
9,800.000
Previous year:
At 1 Aprfl
2023
Transfers At 31 Mar¢h
2024
Capital expenditure fund
5,300,000
2.000,000
7.300,000
The unrestricted designated funds rep￿sent pmvision by the Trustees in respect of the future cost of the
helicopter, the anticipated cost of building a permanent operalions base: and other potential future capital
expenditure.
21 Unrestricted funds
The unrestricted fijnds of the tharity 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 include
designated funds whith have been set aside out of unrestricted fijnds by the trustees for specific purposes.
At 1 April
Incoming
2024 reSoUr￿S
Resources
expended
Transfers At 31 March
2025
General funds
5.707,830
5.074.952
(2,343.661) {2.464,086)
5,975,035
-25-

Oocusi9n Enwolope ID.. 4E0168E6-FC3F4839-B1B1-70570F337292
THE AIR AMBULANCE NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
21 Unrestricted funds
(Continued)
Prevlous year..
At 1 April
2023
Incoming
resources
Resources
expended
Transfers At 31 March
2024
General funds
5.583.286
4,449,406
{2,333,513} {1,991,349)
5,707,830
22 Analysls of not assots botween funds
Unrestrl¢ted Unrestrlcted
funds
funds
general deslgnated
2025
2026
Restricted
funds
Total
2025
2025
At 31 March 2025:
Tangible assets
Cu￿ent assetsllliabilities)
76.172
5,898,863
1,282,107
,617,893
1.358,279
14,416,766
5,975,035
9,800,000
15,775,035
Unrestricted Unrostricted
funds
funds
general deslgnated
2024
2024
Restrlcted
funds
Totsl
2024
2024
At 31 March 2024:
Tangible assets
Current assetsl(liabilitiésl
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
23 Transfers be￿0n funds
During the year the Trustees made the following transfers be￿een funds..
£2.500,000 {2024'. £2.000,000) from unrestricted funds to designated funds representing reserves set
aside by the Trustees in respect of the anticipated cost of building a permanent operations base and
other potential future capital expenditure, and
£35,914 from restricted funds lo unrestricted funds representing capltal expenditure for which the
charity has complied with restrictions and are being released to general funds, as no further
restrictions remain in place.
-26-

Docusigll Envelope10'. 4E0168E6-FC3F4839.81B1-70570F337292
THE AIR AMBULANCE NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
24 Capital commitrnents
202S
2024
Amounts contracted for but not provided in the financial statements..
2025
2024
Acquisition of property, plant and equipment
5,400,000
As disclosed at note 14. the charty has paid a deposit on a new helicopter for delivery in 2026. Therefore the
charity has a capital commitment as at the reporting dale in respect of the balance due on the helicopter.
25 Events after thg reporting date
There have been no significanl events impacting the charity sinc8 the reporting date.
26 Related party transa¢tlons
There were no disclosable Telated party transath'ons during the year.
27 Cash generated from operallons
2025
2024
Surplus for th8 year
2,761,981
2,121,117
Adjustments for:
Investment income recognised in statement of financial activities
Gain on disposal of tangible fixed assets
Depreciation and impairment of tsngible fixed assets
1520,949>
19,640}
16,946
(267,099)
17,269
Movements in working capltal:
Ilncrease)Idecrease in debtors
Increaselldecreasel in creditors
(Decreasellincrea5e in deferred income
150,039)
19,203
{28,6911
40,688
(6.075)
8.316
Cash generated from operatlons
2,188,911
1.914,216
28 Analysis of changes in netfund5
The charity had no material debt during the year.
29 Auditors Ethical Standards
In common with many businesses of our size and nature we use our auditors to assist with the ￿mplIatIOn of
the statutory financial stalerrtents.
-27-