WELSH AIR AMBULANCE CHARITABLE TRUST
The relief of sickness and injury and the protection of human life, including by: a) the provision of emergency and specialised medical care; primarily by the provision and support of both road vehicles and air ambulances in Wales; and b) the provision of follow up support to those patients, and their relatives, who have received road vehicle and/or air ambulance support from the Charity.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit of £2.7 million for the year ended 31 July 2025, with total income of £17.0 million and total expenditure of £19.7 million. Per the trustees' report, unrestricted general reserves of £7.9 million remain within the stated target range of £7.8 million to £9.6 million, and designated funds of £5.2 million have been assigned to cover forecasted deficits over the next three years. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Based on these calculations, the Trustees have agreed a target reserves range of between £7.8 million to £9.6 million.” — page 56
“Two separate loan agreements are in place between Welsh Air Ambulance Charitable Trust and Welsh Air Ambulance Trading Ltd. Loan interest of £13k has been charged this year.” — page 89
“Included in the Charity debtors is a balance of £214k (2024 £168k) from Welsh Air Ambulance Trading.” — page 89
“Two separate loan agreements are in place between Welsh Air Ambulance Charitable Trust and Welsh Air Ambulance Trading Ltd. Loan interest of £13k has been charged this year.” — page 89
“Included in the Charity debtors is a balance of £214k (2024 £168k) from Welsh Air Ambulance Trading.” — page 89
“The charity undertook an external review of its governance effectiveness during the year, reporting to trustees in April 2025 and as a result, the board approved a resolution on 31st Juy 2025 to adopt new Articles of Association.” — page 60
“The Charity’s principal subsidiary undertaking as at 31 July 2025, Welsh Air Ambulance Trading Ltd, is wholly owned and registered in England and Wales.” — page 58
In the news
- Wales Air Ambulance highlights lifesaving work during national awareness week
- Final Engagement: Wales Air Ambulance Service
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/07/2025)
Register events
- Received assets from another charity (12/07/2023)
- Received assets from another charity (30/05/2023)
Trustees
- Dr KYLE JACQUESchair
- Amanda Lee Burdge
- Catherine Marie Knowles
- Colonel James Phillips
- Craig Hampton Stone
- DAVID GILBERT OBE
- David Patrick Keefe
- Laura Helen Davies
- Luke Smith
- MARK JAMES
- Mark Ian Ranson Wilson
- Nia Morgan
- Paul Harris
- Sian Lowri Lloyd
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £17.0m | £19.7m |
| 31/07/2024 | £16.8m | £17.4m |
| 31/07/2023 | £15.3m | £14.6m |
| 31/07/2022 | £15.4m | £13.5m |
| 31/07/2021 | £13.2m | £11.8m |
Common questions
Is WELSH AIR AMBULANCE CHARITABLE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a deficit of £2.7 million for the year ended 31 July 2025, with total income of £17.0 million and total expenditure of £19.7 million. Per the trustees' report, unrestricted general reserves of £7.9 million remain within the stated target range of £7.8 million to £9.6 million, and designated funds of £5.2 million have been assigned to cover forecasted deficits over the next three years. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Bevan Buckland LLP.
Who funds WELSH AIR AMBULANCE CHARITABLE TRUST?
Funders whose own accounts filings name WELSH AIR AMBULANCE CHARITABLE TRUST as a grant recipient include MYRISTICA TRUST, MOONDANCE FOUNDATION, THE PENNIES FOUNDATION, THE GEOFFREY AND PAULINE MARTIN TRUST, THE ORR MACKINTOSH FOUNDATION LIMITED.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| MYRISTICA TRUST | FY2025 | £100k | |
| MOONDANCE FOUNDATION | FY2022 | £36k | Health |
| MOONDANCE FOUNDATION | FY2023 | £31k | |
| THE PENNIES FOUNDATION | FY2024 | £18k | |
| THE GEOFFREY AND PAULINE MARTIN TRUST | FY2024 | £10k | |
| THE ORR MACKINTOSH FOUNDATION LIMITED | FY2025 | £10k | |
| THE GEOFFREY AND PAULINE MARTIN TRUST | FY2025 | £10k | |
| THE LLYSDINAM TRUST | FY2022 | £5k | |
| THE GEORGE AND ESME POLLITZER CHARITABLE SETTLEMENT | FY2022 | £5k | |
| THE HOBSON CHARITY LIMITED | FY2025 | £5k | Rescue |
| THE GRACE TRUST | FY2021 | £4k | |
| THE LLYSDINAM TRUST | FY2023 | £3k | |
| THE ASTOR FOUNDATION | FY2025 | £3k | Emergency services |
| THE GREEN HALL FOUNDATION | FY2025 | £2k | |
| THE GREEN HALL FOUNDATION | FY2024 | £2k | |
| THE OAKDALE TRUST | FY2024 | £2k | |
| THE BOWER TRUST | FY2024 | £1k | |
| THE CHURCHILL FOUNDATION | FY2023 | £1k | |
| THE CHURCHILL FOUNDATION | FY2024 | £1k | |
| THE BOWER TRUST | FY2023 | £1k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GRAND LODGE OF MARK MASTER MASONS' FUND OF BENEVOLENCE | 2 | £116k |
| THE ANNIE TRANMER CHARITABLE TRUST | 2 | £11k |
| MILLS AND REEVE CHARITABLE TRUST | 2 | £4k |
| The Squire Patton Boggs Charitable Trust | 2 | £1k |
| THE CATHERINE COOKSON CHARITABLE TRUST | 2 | £900 |
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £475k |
| THE JORDAN CHARITABLE FOUNDATION | 1 | £84k |
| THE NFU MUTUAL CHARITABLE TRUST | 1 | £70k |
Charities like this
- ASSOCIATION OF AIR AMBULANCES (CHARITY) LTD
- EAST ANGLIAN AIR AMBULANCE
- NORTH WEST AIR AMBULANCE
- LONDON'S AIR AMBULANCE LIMITED
- THE DORSET AND SOMERSET AIR AMBULANCE CHARITY
- THE GREAT NORTH AIR AMBULANCE SERVICE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| WELSH AIR AMBULANCE CHARITABLE TRUST | £17.0m | — | — | within | — | no doubt |
| ASSOCIATION OF AIR AMBULANCES (CHARITY) LTD | £2.0m | — | — | unclear | — | no doubt |
| EAST ANGLIAN AIR AMBULANCE | £18.8m | — | — | unclear | — | no doubt |
| NORTH WEST AIR AMBULANCE | £15.6m | £160,001 - £170,000 | — | below | — | no doubt |
| LONDON'S AIR AMBULANCE LIMITED | £26.0m | £200,000 - £210,000 | — | above | — | no doubt |
| THE DORSET AND SOMERSET AIR AMBULANCE CHARITY | £11.0m | — | — | unclear | — | no doubt |