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REGISTERED COMPANY NUMBER: 07890840 (England and Wales)
REGISTERED CHARITY NUMBER: 1146256














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 May 2023

for

Army Winter Sports Association

Army Winter Sports Association






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Report of the Trustees 1

Independent Examiner's Report 2

Statement of Financial Activities 3

Balance Sheet 4

Cash Flow Statement 5

Notes to the Cash Flow Statement 6

Notes to the Financial Statements 7 to 11

Army Winter Sports Association (Registered number: 07890840)

Report of the Trustees
for the Year Ended 31 May 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07890840 (England and Wales)

Registered Charity number
1146256

Registered office
Mackenzie Building
Fox Lines
Queen's Avenue
Aldershot
Hampshire
GU11 2LB

Trustees
Major Gene D Crook
Brigadier J Fossey
Ms L Giles
Lt Col J Rhodes
Captain L Wyatt (resigned 1.9.22)
Colonel G Sefton

Company Secretary
Lt Col S Davis

Independent Examiner
Ian Futcher FCA
Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW

Approved by order of the board of trustees on 17 October 2023 and signed on its behalf by:





Ms L Giles - Trustee

Independent Examiner's Report to the Trustees of
Army Winter Sports Association

Independent examiner's report to the trustees of Army Winter Sports Association ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Ian Futcher FCA
The Institute of Chartered Accountants in England and Wales

Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW

24 October 2023

Army Winter Sports Association

Statement of Financial Activities
for the Year Ended 31 May 2023

31.5.23 31.5.22
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 571,917 276,317

Investment income 3 9,056 7,655
Total 580,973 283,972

EXPENDITURE ON
Charitable activities 4
Clothing and equipment 2,736 305
Web-site costs 2,738 1,321
Snow and ice 1,500 -
Meeting expenses 171 917
Grants to individuals 518,894 217,313
Membership costs 691 550
Officials expenses 1,769 4,629
Bank charges 785 696
Marketing 14,492 -

Other 24,165 23,935
Total 567,941 249,666

Net gains/(losses) on investments (12,917 ) (1,967 )

NET INCOME 115 32,339


RECONCILIATION OF FUNDS
Total funds brought forward 249,875 217,536

TOTAL FUNDS CARRIED FORWARD 249,990 249,875

Army Winter Sports Association (Registered number: 07890840)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Investments 9 167,349 180,266

CURRENT ASSETS
Debtors 10 51,986 33,849
Cash at bank 67,903 99,330
119,889 133,179

CREDITORS
Amounts falling due within one year 11 (37,248 ) (63,570 )

NET CURRENT ASSETS 82,641 69,609

TOTAL ASSETS LESS CURRENT LIABILITIES 249,990 249,875

NET ASSETS 249,990 249,875
FUNDS 12
Unrestricted funds 249,990 249,875
TOTAL FUNDS 249,990 249,875

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 17 October 2023 and were signed on its behalf by:





L Giles - Trustee

Army Winter Sports Association

Cash Flow Statement
for the Year Ended 31 May 2023

31.5.23 31.5.22
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 (39,698 ) (44,656 )
Finance costs paid (785 ) (696 )
Net cash used in operating activities (40,483 ) (45,352 )

Cash flows from investing activities
Purchase of fixed asset investments (41,759 ) -
Sale of fixed asset investments 41,759 -
Interest received 757 27
Dividends received 8,299 7,628
Net cash provided by investing activities 9,056 7,655

Change in cash and cash equivalents in
the reporting period

(31,427

)

(37,697

)
Cash and cash equivalents at the
beginning of the reporting period

99,330

137,027
Cash and cash equivalents at the end of
the reporting period

67,903

99,330

Army Winter Sports Association

Notes to the Cash Flow Statement
for the Year Ended 31 May 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.5.23 31.5.22
£    £   
Net income for the reporting period (as per the Statement of Financial
Activities)

115

32,339
Adjustments for:
Losses on investments 12,917 1,967
Interest received (757 ) (27 )
Finance costs 785 696
Dividends received (8,299 ) (7,628 )
Increase in debtors (18,137 ) (632 )
Decrease in creditors (26,322 ) (71,371 )
Net cash used in operations (39,698 ) (44,656 )


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.6.22 Cash flow At 31.5.23
£    £    £   
Net cash
Cash at bank 99,330 (31,427 ) 67,903
99,330 (31,427 ) 67,903
Total 99,330 (31,427 ) 67,903

Army Winter Sports Association

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. DONATIONS AND LEGACIES
31.5.23 31.5.22
£    £   
Donations 436,797 170,985
Gift aid 3,241 -
Legacies 295 -
Grants 92,637 71,121
Membership fees 21,583 18,634
Central recharges 13,214 15,577
Sale of equipment and clothing 4,150 -
571,917 276,317

Grants received, included in the above, are as follows:

31.5.23 31.5.22
£    £   
Other grants 92,637 71,121


Army Winter Sports Association

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

3. INVESTMENT INCOME
31.5.23 31.5.22
£    £   
Other participating interests 8,299 7,628
Deposit account interest 757 27
9,056 7,655

4. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
Direct (see note costs (see
Costs 5) note 6) Totals
£    £    £    £   
Clothing and equipment 2,736 - - 2,736
Web-site costs 2,738 - - 2,738
Snow and ice 1,500 - - 1,500
Meeting expenses 171 - - 171
Grants to individuals - 518,894 - 518,894
Membership costs 691 - - 691
Officials expenses 1,769 - - 1,769
Bank charges - - 785 785
Marketing 14,492 - - 14,492
24,097 518,894 785 543,776

5. GRANTS PAYABLE
31.5.23 31.5.22
£    £   
Grants to individuals 518,894 217,313

6. SUPPORT COSTS
Governance
Finance costs Totals
£    £    £   
Other resources expended - 24,165 24,165
Bank charges 785 - 785
785 24,165 24,950

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2023 nor for the year ended 31 May 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2023 nor for the year ended 31 May 2022.



Army Winter Sports Association

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. STAFF COSTS
31.5.23 31.5.22
£    £   
Wages and salaries 19,883 19,670
19,883 19,670

The average monthly number of employees during the year was as follows:

31.5.23 31.5.22
Finance officer 1 1

No employees received emoluments in excess of £60,000.

9. FIXED ASSET INVESTMENTS
Listed
investments
£   
MARKET VALUE
At 1 June 2022 180,266
Additions 41,759
Disposals (43,739 )
Revaluations (10,937 )
At 31 May 2023 167,349
NET BOOK VALUE
At 31 May 2023 167,349
At 31 May 2022 180,266

There were no investment assets outside the UK.

Cost or valuation at 31 May 2023 is represented by:

Listed
investments
£   
Valuation in 2021 25,431
Valuation in 2022 (1,967 )
Valuation in 2023 (10,937 )
Cost 154,822
167,349

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 51,986 33,849


Army Winter Sports Association

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other creditors 37,248 63,570

12. MOVEMENT IN FUNDS
Net
movement At
At 1.6.22 in funds 31.5.23
£    £    £   
Unrestricted funds
General fund 249,875 115 249,990

TOTAL FUNDS 249,875 115 249,990

Net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 580,973 (567,941 ) (12,917 ) 115

TOTAL FUNDS 580,973 (567,941 ) (12,917 ) 115


Comparatives for movement in funds

Net
movement At
At 1.6.21 in funds 31.5.22
£    £    £   
Unrestricted funds
General fund 217,536 32,339 249,875

TOTAL FUNDS 217,536 32,339 249,875

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 283,972 (249,666 ) (1,967 ) 32,339

TOTAL FUNDS 283,972 (249,666 ) (1,967 ) 32,339

Army Winter Sports Association

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.6.21 in funds 31.5.23
£    £    £   
Unrestricted funds
General fund 217,536 32,454 249,990

TOTAL FUNDS 217,536 32,454 249,990

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 864,945 (817,607 ) (14,884 ) 32,454

TOTAL FUNDS 864,945 (817,607 ) (14,884 ) 32,454

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 May 2023.