EHAAT release figures for 2015-16 financial year
1 March 2017
The Charity have released their figures for the 2015-16 financial year. This report aims to explore the patterns in income, spending and future investment within the Charity.
The income breakdown shows that a staggering £7.8 million of turnover was generated by its Flight for Life Lottery members, making up 59% of the total Charity income throughout the year. The incredible work of individual and company donations raised 11% of the total and, thanks to the LIBOR (London Interbank Offered Rate) fund and other contributions, grants stood at 13% of the overall figure. The remaining 17% came from other fundraising initiatives and retail.
Essex and Herts Air Ambulance received £13.2 million in income throughout the year, spending £7.2 million across their operations and adding to reserves the remaining £6 million. £1.5 million of this figure was received as a result of benefitting from the Government’s LIBOR fund – where the Association of Air Ambulances (AAA) helped to facilitate the grant application process for Air Ambulance charities across the UK. The LIBOR donation has been instrumental in helping the Charity to purchase its first owned helicopter.
Support for the Essex & Herts Air Ambulance Trust is something that the Charity takes very seriously. Whether you donate through fundraising, or play our Flight for Life Lottery, every penny counts towards saving lives. Our annual income is overseen by the Board of Trustees, who set the spending and investment direction and then delegate the funds to the necessary arms of the Charity. Although these funds may not go directly towards the current upkeep of the aircraft or medical equipment, every donation goes towards either the stability of our Charity now or enables our exciting future. We can only provide the best care with the continued help and commitment of the people and businesses of Essex and Hertfordshire, and are incredibly proud to receive the amount of support that we do every single day.” Jonathan Ager, EHAAT Finance Director
For every £1 received, the Charity retained 46p for future delivery, spent 30p on its charitable service and 24p on the cost of raising funds. Overall, for every £1 invested in fundraising EHAAT raised £4.09, contributing to the safety and care of residents and visitors in the counties of Essex, Hertfordshire and the surrounding areas.
The Charity’s amazing volunteers have been instrumental in contributing to the total figures – attending almost 800 events over the course of the year and collecting in the region of £200,000 for EHAAT.
The generous support received over the last 12 months has allowed EHAAT to begin planning effectively for the future. As total reserves now stand at £16 million, the Charity is able to formulate long-term plans guided by the financial security this brings. In addition to the twelve months’ running costs (in the region of £7 million) and the £5.5 million ring-fenced for the new aircraft (deposit of £1 million already paid), these funds ensure that EHAAT can continue to improve its service – something the Charity strives to do – and be at the forefront of progression in clinical governance and patient care. These extra reserves are a necessity to the expansion of this dedicated, vital Charity.
The future of EHAAT will continue to rely on hard work, dedication, and donations, but will see the Charity expand and improve its operations and services. With its first owned helicopter arriving in mid-2017, and the recent addition of the Double Pilot scheme, the Charity is continually striving to improve its life-saving service.
The Charity’s eventual goal of operating 24/7, initially by using their Rapid Response Vehicles is within reach, but only with the public’s crucial, ongoing support. EHAAT would like to thank all its supporters for being a part of their journey, and allowing them to improve, expand, and ultimately, continue to save lives.