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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 2024

for

Army Winter Sports Association

Army Winter Sports Association






Contents of the Financial Statements
for the Year Ended 31 May 2024




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 2024


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 2024. 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 (resigned 9.5.24)
Brigadier J Fossey
Ms L Giles (resigned 24.10.24)
Lt Col J Rhodes
Colonel G Sefton
O Dobson (appointed 9.5.24)
Lt Col P Middlemiss (appointed 24.10.24)

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 20 November 2024 and signed on its behalf by:





Colonel G Sefton - 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 2024.

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

26 November 2024

Army Winter Sports Association

Statement of Financial Activities
for the Year Ended 31 May 2024

31.5.24 31.5.23
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 645,143 571,917

Investment income 3 9,015 9,056
Total 654,158 580,973

EXPENDITURE ON
Charitable activities 4
Clothing and equipment - 2,736
Web-site costs 1,446 2,738
Snow and ice - 1,500
Meeting expenses 5,452 171
Grants to institutions 6,500 -
Grants to individuals 578,329 518,894
Membership costs 559 691
Officials expenses 4,157 1,769
Bank charges 3,699 785
Marketing - 14,492

Other 25,798 24,165
Total 625,940 567,941

Net gains/(losses) on investments 8,735 (12,917 )

NET INCOME 36,953 115


RECONCILIATION OF FUNDS
Total funds brought forward 249,990 249,875

TOTAL FUNDS CARRIED FORWARD 286,943 249,990

Army Winter Sports Association (Registered number: 07890840)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Investments 9 176,084 167,349

CURRENT ASSETS
Debtors 10 99,370 51,986
Cash at bank 156,110 67,903
255,480 119,889

CREDITORS
Amounts falling due within one year 11 (144,621 ) (37,248 )

NET CURRENT ASSETS 110,859 82,641

TOTAL ASSETS LESS CURRENT LIABILITIES 286,943 249,990

NET ASSETS 286,943 249,990
FUNDS 12
Unrestricted funds 286,943 249,990
TOTAL FUNDS 286,943 249,990

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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 20 November 2024 and were signed on its behalf by:





G Sefton - Trustee

Army Winter Sports Association

Cash Flow Statement
for the Year Ended 31 May 2024

31.5.24 31.5.23
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 82,891 (39,698 )
Finance costs paid (3,699 ) (785 )
Net cash provided by/(used in) operating activities 79,192 (40,483 )

Cash flows from investing activities
Purchase of fixed asset investments - (41,759 )
Sale of fixed asset investments - 41,759
Interest received 2,090 757
Dividends received 6,925 8,299
Net cash provided by investing activities 9,015 9,056

Change in cash and cash equivalents in
the reporting period

88,207

(31,427

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

67,903

99,330
Cash and cash equivalents at the end of
the reporting period

156,110

67,903

Army Winter Sports Association

Notes to the Cash Flow Statement
for the Year Ended 31 May 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.5.24 31.5.23
£    £   
Net income for the reporting period (as per the Statement of Financial
Activities)

36,953

115
Adjustments for:
(Gain)/losses on investments (8,735 ) 12,917
Interest received (2,090 ) (757 )
Finance costs 3,699 785
Dividends received (6,925 ) (8,299 )
Increase in debtors (47,415 ) (18,137 )
Increase/(decrease) in creditors 107,404 (26,322 )
Net cash provided by/(used in) operations 82,891 (39,698 )


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.6.23 Cash flow At 31.5.24
£    £    £   
Net cash
Cash at bank 67,903 88,207 156,110
67,903 88,207 156,110
Total 67,903 88,207 156,110

Army Winter Sports Association

Notes to the Financial Statements
for the Year Ended 31 May 2024

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
31.5.24 31.5.23
£    £   
Donations 466,510 436,797
Gift aid 1,345 3,241
Legacies 251 295
Grants 126,170 92,637
Membership fees 34,663 21,583
Central recharges 16,204 13,214
Sale of equipment and clothing - 4,150
645,143 571,917

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

31.5.24 31.5.23
£    £   
Other grants 126,170 92,637


Army Winter Sports Association

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. INVESTMENT INCOME
31.5.24 31.5.23
£    £   
Other participating interests 6,925 8,299
Deposit account interest 2,090 757
9,015 9,056

4. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
Direct (see note costs (see
Costs 5) note 6) Totals
£    £    £    £   
Web-site costs 1,446 - - 1,446
Meeting expenses 5,452 - - 5,452
Grants to institutions - 6,500 - 6,500
Grants to individuals - 578,329 - 578,329
Membership costs 559 - - 559
Officials expenses 4,157 - - 4,157
Bank charges - - 3,699 3,699
11,614 584,829 3,699 600,142

5. GRANTS PAYABLE
31.5.24 31.5.23
£    £   
Grants to institutions 6,500 -
Grants to individuals 578,329 518,894
584,829 518,894


6. SUPPORT COSTS
Governance
Finance costs Totals
£    £    £   
Other resources expended - 25,798 25,798
Bank charges 3,699 - 3,699
3,699 25,798 29,497

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2024 nor for the year ended 31 May 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2024 nor for the year ended 31 May 2023.



Army Winter Sports Association

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. STAFF COSTS
31.5.24 31.5.23
£    £   
Wages and salaries 21,829 19,883
21,829 19,883

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

31.5.24 31.5.23
Finance officer 1 1

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

9. FIXED ASSET INVESTMENTS
Listed
investments
£   
MARKET VALUE
At 1 June 2023 167,349
Revaluations 8,735
At 31 May 2024 176,084
NET BOOK VALUE
At 31 May 2024 176,084
At 31 May 2023 167,349

There were no investment assets outside the UK.

Cost or valuation at 31 May 2024 is represented by:

Listed
investments
£   
Valuation in 2021 25,431
Valuation in 2022 (1,967 )
Valuation in 2023 (10,937 )
Valuation in 2024 8,735
Cost 154,822
176,084

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 99,370 51,986


Army Winter Sports Association

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 144,621 37,248

12. MOVEMENT IN FUNDS
Net
movement At
At 1.6.23 in funds 31.5.24
£    £    £   
Unrestricted funds
General fund 249,990 36,953 286,943

TOTAL FUNDS 249,990 36,953 286,943

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 654,158 (625,940 ) 8,735 36,953

TOTAL FUNDS 654,158 (625,940 ) 8,735 36,953


Comparatives for 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

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

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

Army Winter Sports Association

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

12. MOVEMENT IN FUNDS - continued

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

Net
movement At
At 1.6.22 in funds 31.5.24
£    £    £   
Unrestricted funds
General fund 249,875 37,068 286,943

TOTAL FUNDS 249,875 37,068 286,943

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 1,235,131 (1,193,881 ) (4,182 ) 37,068

TOTAL FUNDS 1,235,131 (1,193,881 ) (4,182 ) 37,068

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 May 2024.