CORNWALL AIR AMBULANCE TRUST

Charity number: 1133295
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The charities Objects shall be relieving pain and sickness for the benefit of the public by assisting in the provision of emergency medical services and equipment, in particular the provision of an Air Ambulance Service or other emergency transportation primarily in Cornwall and the Isles of Scilly

Income and expenditure

Data for financial year ending 31 December 2024

Total income:
£8,626,678

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Donations and legacies £6.32m
Charitable activities £0
Other trading activities £1.87m
Investments £435.03k
Other £0

Total expenditure:
£7,493,229

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Raising funds £1.81m
Charitable activities £5.69m
Other £0

£102,317 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £1.81m
Charitable expenditure £5.69m
Retained for future use £1.13m

People

57 Employee(s)

9 Trustee(s)

250 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 1
£70k to £80k 5
£90k to £100k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • The Advancement Of Health Or Saving Of Lives
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Provides Services
Where the charity operates:
  • Cornwall
  • Isles Of Scilly

Governance

Registration history:
  • 15 December 2009: Standard registration
  • 24 March 2023: Funds received from 1137388 HENRY SURTEES FOUNDATION
  • 26 June 2023: Funds received from 294454 MEADOWLANDS SANCTUARY
  • 09 December 2024: Funds received from 1180362 LIONS CLUB OF ROCHE (CIO)
Organisation type:
Charitable company
Other names:

No other names

Company number:
07085879 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

9 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
David Pender Richards Chair 26 September 2024
FIRST AIR AMBULANCE SERVICE TRUST (FAAST)
Received: On time
Bertrand J-P Francois Louveaux Trustee 05 November 2025
FIRST AIR AMBULANCE SERVICE TRUST (FAAST)
Received: On time
Angela Melissa Novell Trustee 15 October 2025
FIRST AIR AMBULANCE SERVICE TRUST (FAAST)
Received: On time
Neil Edward Ebberson Trustee 01 October 2025
FIRST AIR AMBULANCE SERVICE TRUST (FAAST)
Received: On time
David Nicholas Harland Trustee 26 September 2024
FIRST AIR AMBULANCE SERVICE TRUST (FAAST)
Received: On time
Thomas Paul Reed Trustee 03 July 2023
None on record
Laura Anne McKay Trustee 28 January 2021
FIRST AIR AMBULANCE SERVICE TRUST (FAAST)
Received: On time
Daisy Griffith Trustee 31 July 2019
FIRST AIR AMBULANCE SERVICE TRUST (FAAST)
Received: On time
Benjamin Mark Trustee 13 December 2018
FIRST AIR AMBULANCE SERVICE TRUST (FAAST)
Received: On time

Financial history

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Financial period end date

Income / Expenditure 31/12/2020 31/12/2021 31/12/2022 31/12/2023 31/12/2024
Total gross income £8.23m £6.49m £11.62m £10.09m £8.63m
Total expenditure £4.44m £5.44m £6.79m £7.63m £7.49m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants £146.19k £25.22k £897.70k N/A N/A
Income - Donations and legacies £7.46m £5.50m £10.17m £8.17m £6.32m
Income - Other trading activities £694.25k £871.03k £1.29m £1.55m £1.87m
Income - Charitable activities £16.40k £21.25k £0 £0 £0
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £62.22k £94.96k £163.10k £367.47k £435.03k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £3.69m £2.39m £3.56m £4.75m £2.79m
Expenditure - Charitable activities £3.03m £4.24m £5.31m £6.05m £5.69m
Expenditure - Raising funds £1.41m £1.20m £1.47m £1.59m £1.81m
Expenditure - Governance £16.75k £18.50k £22.81k £23.75k £24.83k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £4.64k £0 £0 £1.73k £5.96k
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2020 31/12/2021 31/12/2022 31/12/2023 31/12/2024
Own use assets £10.32m £10.21m £11.32m £11.76m £11.52m
Long-term investments £3.26m £3.58m £3.09m £3.31m £2.68m
Other assets £5.35m £6.87m £10.70m £14.02m £13.99m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £924.27k £1.29m £1.40m £2.70m £992.85k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2024 01 October 2025 On time
Accounts and TAR 31 December 2024 01 October 2025 On time Download Open in new window
Annual return 31 December 2023 18 October 2024 On time
Accounts and TAR 31 December 2023 18 October 2024 On time Download Open in new window
Annual return 31 December 2022 31 October 2023 On time
Accounts and TAR 31 December 2022 31 October 2023 On time Download Open in new window
Annual return 31 December 2021 21 October 2022 On time
Accounts and TAR 31 December 2021 21 October 2022 On time Download Open in new window
Annual return 31 December 2020 17 November 2021 17 days late
Accounts and TAR 31 December 2020 17 November 2021 17 days late Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 24/11/2009 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 31/10/2014 AS AMENDED ON 04 JUL 2018 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 15 APR 2025

Charitable objects

THE CHARITY’S OBJECTS (THE OBJECTS) SHALL BE TO RELIEVE PAIN AND SICKNESS FOR THE BENEFIT OF THE PUBLIC BY ASSISTING IN THE PROVISION OF EMERGENCY MEDICAL SERVICES AND EQUIPMENT IN PARTICULAR THE PROVISION OF AN AIR AMBULANCE SERVICE OR OTHER EMERGENCY TRANSPORTATION PRIMARILY IN CORNWALL AND THE ISLES OF SCILLY.

Area of benefit

The area the charity can operate in, as set out in its governing document.

CORNWALL AND THE ISLES OF SCILLY.

Contact information

Address:
CORNWALL AIR AMBULANCETRUST
TREVITHICK DOWNS
NEWQUAY
CORNWALL
TR8 4DY
Phone:
01637889926
Email:
enquiries@cornwallairambulancetrust.org
Website:

www.cornwallairambulancetrust.org Open in new window