CORNWALL AIR AMBULANCE TRUST

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Bishop Fleming LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Trustees continue to adopt the going concern basis in preparing the financial statements. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. CORNWALL AIR AMBULANCE TRUST · parent
   1. CAAT Trading Limited 100% · Cornwall · Commercial sponsorship and commercial arrangements to raise funds for the parent charity
   2. First Air Ambulance Service Trust · Cornwall

Significant events

• “Arrival of a second AW169 helicopter mentioned.”
• “The new aircraft, registration G-CNLL, will enter service in the second half of 2025.”
• “A highlight of 2024 was 'Helifest' held for the first time at Scorrier House. Over 4,000 supporters attended.”
• “Relocation of Wadebridge store and plans for a new store in Launceston in 2025, and a larger store in Truro.”
• “The Heli2 Appeal fundraising year focussed on several fundraising campaigns specifically catered for corporate, community and individual supporters as well as major donors.”
• “The 'Sing it Home' album launch was one of the key Heli2 Appeal campaigns, reaching number 11 in the official UK digital download charts.”
• “The Christmas campaign for 2024 used the 'Sing it Home' sea shanty as soundtrack for an animation.”
• “Cornwall Air Ambulance's biggest investment in the future to date the placing of the order for a second AW169 helicopter. The bespoke medical interior is due for delivery Q1 2025.”
• “An additional aircraft will be delivered in Q3 2025, and a new maintenance contract to improve service availability.”
• “The charity invested in a new customer relationship management tool to help keep supporters better informed about charitable activities.”
• “The fund has reduced in value in 2024 due to the withdrawal of £831K towards the purchase of a second helicopter.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  +4.5%

  £8,452,103 → £8,833,769

• Net assets

  +3.1%

  £26,394,015 → £27,202,665

• Employees

  +7.5%

  53 → 57

• Operating profit

  -53.9%

  £2,461,027 → £1,133,449

• Profit before tax

  -53.9%

  £2,461,027 → £1,133,449

• Wages

  +6.8%

  £1,862,282 → £1,988,249

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers