Snowsport England Limited 01517634 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is promotion of snowsports Digita Accounts Production Advanced 6.30.9574.0 true true 01517634 2023-01-01 2023-12-31 01517634 2023-12-31 01517634 core:RetainedEarningsAccumulatedLosses 2023-12-31 01517634 core:CurrentFinancialInstruments 2023-12-31 01517634 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 01517634 core:FurnitureFittingsToolsEquipment 2023-12-31 01517634 core:OtherPropertyPlantEquipment 2023-12-31 01517634 bus:SmallEntities 2023-01-01 2023-12-31 01517634 bus:Audited 2023-01-01 2023-12-31 01517634 bus:FullAccounts 2023-01-01 2023-12-31 01517634 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01517634 bus:RegisteredOffice 2023-01-01 2023-12-31 01517634 bus:Director1 2023-01-01 2023-12-31 01517634 bus:Director11 2023-01-01 2023-12-31 01517634 bus:Director13 2023-01-01 2023-12-31 01517634 bus:Director15 2023-01-01 2023-12-31 01517634 bus:Director2 2023-01-01 2023-12-31 01517634 bus:Director3 2023-01-01 2023-12-31 01517634 bus:Director4 2023-01-01 2023-12-31 01517634 bus:Director5 2023-01-01 2023-12-31 01517634 bus:Director7 2023-01-01 2023-12-31 01517634 bus:Director8 2023-01-01 2023-12-31 01517634 bus:Director9 2023-01-01 2023-12-31 01517634 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 01517634 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 01517634 core:OfficeEquipment 2023-01-01 2023-12-31 01517634 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 01517634 core:PlantMachinery 2023-01-01 2023-12-31 01517634 countries:England 2023-01-01 2023-12-31 01517634 2022-12-31 01517634 core:FurnitureFittingsToolsEquipment 2022-12-31 01517634 core:OtherPropertyPlantEquipment 2022-12-31 01517634 2022-01-01 2022-12-31 01517634 2022-12-31 01517634 core:RetainedEarningsAccumulatedLosses 2022-12-31 01517634 core:CurrentFinancialInstruments 2022-12-31 01517634 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 01517634 core:FurnitureFittingsToolsEquipment 2022-12-31 01517634 core:OtherPropertyPlantEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 01517634

Snowsport England Limited

(A company limited by guarantee)

Filleted Financial Statements

for the Year Ended 31 December 2023

 

Snowsport England Limited

Contents

Company Information

1

Directors' Report

2 to 3

Statement of Directors' Responsibilities

4

Balance Sheet

5

Notes to the Financial Statements

6 to 11

 

Snowsport England Limited

Company Information

Directors

Gregory James Sturge

Simon Levene

Gareth Case

Dominic Harold David McGonigal

Andrew William Howell

Morwenna Michelle Angove

Kahlen James Macaulay

Mark Blanchard

Victoria Wells

Blessing Ekairia

John Greenwood

Registered office

Suite 3
Waterside Business Centre
Canal Street
Leigh
Lancashire
WN7 4DB

Independent Auditors

Harrison Salmon Associates
Chartered Accountant & Statutory Auditor
Suite 3
Waterside Business Centre
Canal Street
Leigh
Lancashire
WN7 4DB

 

Snowsport England Limited

Directors' Report for the Year Ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors of the company

The directors who held office during the year were as follows:

Tim Fawke - Director and CEO (resigned 31 May 2023)
Christopher Stroud - Director (resigned 21 June 2023)
Morwenna Michelle Angove - Senior Independent Director
Simon Levene - Finance Director
Gregory Sturge - Director
Gareth Case - Director
Dominic Harold David McGonigal - Director (appointed 9 January 2023)
Emma Wright - Director (resigned 21 June 2023)
Andrew William Howell - Director
John Greenwood - Director (appointed 20 June 2023)
Blessing Ekairia - Director (appointed 16 October 2023)
Anna Turner - Director (appointed 16 October 2023 and resigned 6 December 2023)
Victoria Wells - Director (appointed 16 October 2023)
Kahlen James - Director (appointed 16 October 2023)
 

Objectives and Activities

• To promote and support all activities related to snowsports to a wide and increasingly diverse audience of participants and to serve the best interests of our members.
• To ensure that we work in collaboration with Sport England to help deliver the 'Uniting the Movement' strategy through implementation of Snowsport England's 'Inspiring Snowsport' strategy.
• To maintain the financial health of the company, managing costs while looking to increase revenues from our core business and to look to new income streams, so that the company can continue to serve the interests of current and potential members and the wider needs of the sport in the longer term.
 

Structure, governance and management

As a High Performing National Governing Body (HPNGB) the board are fully aware of the key requirements of good governance, transparency and appropriate financial management. Procedures are in place to continually review and update these three core elements as are policies on risk assessment, safeguarding, athlete welfare and codes of conduct.

The composition of the board aims to be well balanced in terms of gender and with an aim to bring in more diverse directors. Employed management and staff are ten employees (9.1 Full time equivalent) supported by over 500 unpaid volunteers.
 

 

Snowsport England Limited

Directors' Report for the Year Ended 31 December 2023

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Reappointment of auditors

The auditors Harrison Salmon Associates are deemed to be reappointed under section 487(2) of the Companies Act 2006.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 31 May 2024 and signed on its behalf by:
 

.........................................
Simon Levene
Director

 

Snowsport England Limited

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies for the company's financial statements and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Snowsport England Limited

(Registration number: 01517634)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

10,800

14,400

Current assets

 

Debtors

5

79,007

93,078

Cash at bank and in hand

 

362,992

360,392

 

441,999

453,470

Creditors: Amounts falling due within one year

6

(275,909)

(318,460)

Net current assets

 

166,090

135,010

Total assets less current liabilities

 

176,890

149,410

Provisions for liabilities

(2,052)

-

Net assets

 

174,838

149,410

Reserves

 

Retained earnings

174,838

149,410

Surplus

 

174,838

149,410

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 May 2024 and signed on its behalf by:
 

.........................................
Simon Levene
Director

 

Snowsport England Limited

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

1

General information and basis of preparation

The company is a private company limited by guarantee incorporated and domiciled in England.

The address of its registered office is:
Suite 3
Waterside Business Centre
Canal Street
Leigh
Lancashire
WN7 4DB
United Kingdom

The financial statements are prepared in Sterling (£), which is the functional currency of the company.The financial statements are for the year ended 31 December 2023 (2022: year ended 31 December 2022).

The financial statements have been prepared on a going concern basis under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

Snowsport England Limited

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

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 31 May 2024 was Kathryn Mumford FCA, who signed for and on behalf of Harrison Salmon Associates.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Snowsport England Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Technical Equipment

25% straight line

Office Equipment

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Snowsport England Limited

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

Sport England Funding

During the year income of £354,065 (2022 - £325,380) was recognised in relation to Sport England and is presented as other operating income.

2023

2022

£

£

Programmes

11,250

22,940

Staff infrastructure

204,740

165,171

Service Charges

20,000

28,700

235,990

216,811

Additional consultancy grants

118,075

108,569

Total income

354,065

325,380

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2022 - 7).

 

Snowsport England Limited

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

4

Tangible assets

Office Equipment
£

Technical Equipment
£

Total
£

Cost or valuation

At 1 January 2023

4,686

19,418

24,104

At 31 December 2023

4,686

19,418

24,104

Depreciation

At 1 January 2023

4,686

5,018

9,704

Charge for the year

-

3,600

3,600

At 31 December 2023

4,686

8,618

13,304

Carrying amount

At 31 December 2023

-

10,800

10,800

At 31 December 2022

-

14,400

14,400

5

Debtors

Current

2023
£

2022
£

Trade debtors

8,036

19,967

Prepayments

69,097

73,111

Other debtors

1,874

-

 

79,007

93,078

 

Snowsport England Limited

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

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

24,847

49,122

Taxation and social security

9,159

7,332

Accruals and deferred income

12,021

27,413

Other creditors

229,882

234,593

275,909

318,460

Included within other creditors are amounts totalling £58,972.09 (2022 - £63,634) in relation to Sport England deferred income, £Nil (2022 - £6,705) relating to Sports Aid deferred income and £117,664 (2022 - £114,087) in relation to affiliation and registration and renewals deferred income.

7

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

94,064

73,591

8 Operating lease commitments
 

As at 31st December 2023 the company had total minimum lease payment commitments under non-cancellable operating leases as follows: £Nil (2022: £4,738).

9 Provisions available for small entities
 

In common with many other businesses of our size and nature we use our auditors to prepare and submit to the tax authorities and assist with the preparation of the financial statements.