2021-03-31-accounts

			Page
Reference and administrative details	ofthe Charity,	its Trustees and Advisers	1-2
Trustees' report			3-11
Independent auditor's report on the	financial statements		12-15
Consolidated statement offinancial	activities		16
Consolidated balance sheet			17
Charity balance sheet			18
Consolidated statement of cash flows			19
Notes to the financial statements			20-38
The following page does not form part	ofthe statutory	financial statements:
Annex A - Association Grants			39
Annex B - Infrastructure Grants			40
Annex C - Trustees Going Concern	Assessment		41-43

Reference and administrative details ofthe Charity, for the year ended 31 March 2021	Reference and administrative details ofthe Charity, for the year ended 31 March 2021	Reference and administrative details ofthe Charity, for the year ended 31 March 2021	Reference and administrative details ofthe Charity, for the year ended 31 March 2021	its Trustees and	its Trustees and	Advisers	Advisers	Advisers
Trustees		Major General DJ Eastman		MBE, Chairman
		Brigadier I A Rolland	VR, Army Reserve Focus
		Brigadier D Clouston	(resigned		28 July 2020)
		Brigadier SAnderson, Army Female Athletes (resigned 13April 2021) Brigadier EJ R Chamberlain, Sport Policy (resigned 12 November 2020) Brigadier AJ W Sturrock (resigned 9September 2020)
		Brigadier N C Allison
		Brigadier E N S Millar
		WO1 SParker, Army	Soldier Focus (resigned			3July		2020)
		Mr D H A Rowe, NED	Financial Advisor
		Brig RC Brown CEng FlnstRE, Capital Projects (appointed 9September 2020) WO1 DS Morgan, Army Soldier Focus (appointed 9September 2020)
Company registered
number		06569008
Charity registered
number		1123854
Registered	office	Army Sport Control Board
		Mackenzie Building
		Fox Lines, Queens Avenue
		Aldershot
		Hampshire
		GU11 2LB
Company secretary		Wilson (Company Secretaries)			Limited
Lottery Licence Number		1601508
Independent	auditor	Kreston Reeves LLP
		Chartered Accountants
		Statutory Auditor
		Montague Place
		Quayside
		Chatham Maritime
		Chatham
		Kent
		ME4 4QU

Reference and ad forthe year ended	ministrative details ofthe Charity, its Trustees and Advi 31 March 2021
Bankers	The Royal Bank of Scotland
	(Holt's Famborough)
	Lawrle House
	Victoria Road
	Farnborough
	Hampshire
	GU14 7NR
Solicitors	Wilsons
	Alexandra House
	St John's Street
	Salisbury
	Wiltshire
	SP12SB
Director	Major General (Retd) SA Burley CBMBE
	Director ASCB
Secretary	Lt Col (Retd) P Ashman -Finance Manager ASCB

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2021	2021	2021	2020
		Note	R	F		F
Income from."
Donations and legacies Charitable activities		4 6	5,975,947	47,502	47,502 5,975,947	30,000 5,983,415
Other trading activities Investments		5 7	329,617 13,741		329,617 13,741	190,000 38,298
Other income		8	287,436		287,436	895,506
Total income			6,606,741	47,502	6,654,243	7,137,219
Expenditure on: Raising funds Charitable activities		9 11	1„864,454 2,682,995	43,076	1,864,454 2,726,071	1,916,689 3,895,744
Total expenditure			4,547,449	43,076	4,590,525	5,812,433
Net income before net gains/(losses) on investments			2059292	4,426	2,063,718	1,324,786
Net gains/(losses)	on investments		2,167,685		2,167,685	(366,883)
Net movement in	funds		4,226,977	4,426	4,231,403	957,903
Reconciliation of	funds:
Total funds brought forward Net movement in funds			10,736,138 4,226,977	9,030 4,426	10,745,168 4,231,403	9,787,265 957,903
Total funds carried forward			14,963,115	13,456	14,976,571	10,745,168

			2021	2020
				E
Cash flows from operating	activities
Net cash used in operating	activities		208,717	1,736,167
Cash flows from investing	activities
Dividends, interests and rents from investments			13,741	38,298
Purchase of investments			(2,500,000)
Net cash (used in)/provided	by investing	activities	(2,486,259)	38,298
Change in cash and cash	equivalents in	the year	(2,277,542)	1,774,465
Cash and cash equivalents	at the beginning	ofthe year	8,015,619	6,241,154
Cash and cash equivalents	at the end of	the year	5,738,077	8,015,619
The notes on pages 20 to 38form part ofthese financial statements

				Restricted	Total	Total
				funds	funds	funds
				2021	2021f	2020
	BAE Systems grant			32,226	32,226	30,000
	SOTR grant			15,276	15,276
				47,502	47,502	30,000
	Total 2020			30,000	30,000
5.	Income from	other trading activities
				Unrestricted	Total	Total
				funds	funds	funds
				2021	2021	2020
						F
	Sponsorship	income		329,617	329,617	190,000
	Total 2020			190,000	190,000
6.	Income from	charitable	activities
				Unrestricted	Total	Total
				funds	funds	funds
				2021f	2021	2020
	ASL ticket sales			5,975,947	5,975,947	5,983,415
	Total 2020			5,983,415	5,983,415

	Unrestricted	Total	Total
	funds	funds	funds
	2021	2021f	2020 F
Interest receivable	13,741	13,741	38,298
Total 2020	38,298	38,298

	Unrestricted	Total	Total
	funds	funds	funds
	2021f	2021	2020
Un-cashed cheques written back			14,912
SEPF Repayment from GIA BA(G) Global Settlement Ferry account closure Returned grants	150,000 137,436	150,000 'i37,436	150,000 729,695 899
	287,436	287,436	895,506
Total 2020	895,506	895,506

					Unrestricted	Total	Total
					funds	funds	funds
					2021	2021	2020
ASL prizes and costs					1,623,000	1,623,000	1,663,981
Sponsorship agent's fees					118,437	118,437	114,013
ASCB Trading - Legal and	professional			fees	1,698	1,698
ASCB Trading - Travel expenses							6,551
ASCB Trading - Auditors'	remuneration				2,060	2,060	2,000
ASCB Trading - Accountancy		fees			1,115	1,115
Staff costs					118,144	118,144	130,144
					1,864,454	1,864,454	1,916,689
Total 2020					1,916,689	1,916,689
Analysis ofgrants
					Grants to	Total	Total
					Institutions	funds	funds
					2021	2021	2020
Association, capital and equipment			grants		2,189,264	2,189,264	2,316,462
BAE Systems grant					27,800	27,800	30,000
Elite Sports grants					284,518	284,518	301,697
Sports lottery grants					(13,539)	(13,539)	898,751
SOTR grants					15,276	15,276
					2,503,319	2,503,319	3,546,910
Total 2020					3,546,910	3,546,910

			Grant
		Direct	funding of activities	Support	Total	Total
		costs 2021f	(note 10) 2021	costs 2021 F	funds 2021f	funds 2020 F
Grants to controlling	bodies	7,347	2,189,264	157,668	2,354,279	2,596,628
BAE Systems grant Elite Sports expenditure ASL grants		55,675	27,800 284,518 (13,539)	2,062	27,800 340,193 (11,477)	30,000 357,719 911,397
SOTR grants			15,276		15,276
		63,022	2,503,319	159,730	2,726,071	3,895,744
Total 2020		116,213	3,546,910	232,621	3,895,744
Analysis ofdirect costs
				Unrestricted	Total	Total
				funds	funds	funds
				2021	2021	2020
Staff costs				63,022	63,022	116,213
Total 2020				116,213	116,213

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
Computer costs		16,277	16,277	47,763
Meeting expenses		246	246	1,570
Sundry expenses		2,062	2,062	12,646
Travel and accomodation				7,764
Bank charges		2,617	2,617	4,124
Gambling Commission	charges	1,508	1,508	1,508
Training				2,573
Office costs		14,873	14,873	34,700
Marketing		42,403	42,403	23,702
Staff welfare		1,485	1,485	849
Insurance		3,588	3,588	6,000
Staff costs		65,921	65,921	30,578
Legal and professional	fees	734	734	41,924
Trustee and staff training		600	600	600
Auditors' remuneration		7,416	7,416	7,200
Accountancy fees				9,120
		159,730	159,730	232,621
Total 2020		232,621	232,621

Staff costs
	Group 2021	Group 2020	Charity 2021	Charity 2020
		E
Wages and salaries Social security costs Pension costs	211,320 20,030 15,737	239,350 21,648 15,937	211,320 20,030 15,737	239,350 21,648 15,937
	247,087	276,935	247,087	276,935

Group 2021	Group 2020	Charity 2021	Charity 2020
No.	No.	No.	No.

	Investments
	in
	subsidiary	Listed
Charity	companies	investments	Totalf
Cost or valuation
At 1 April 2020 Additions	1	6,778,319 2,500,000	6,778,319 2,500,001
Revaluations		2,167,685	2,167,685
At 31 March 2021	1	11,446,004	11,446,005
Net book value
At 31 March 2021	1	11,446,004	11,446,005
At 31 March 2020		6,778,319	6,778,319

					Group 2021	Group 2020	Charity 2021	Charity 2020
							f.
	Due within one year
	Trade debtors				152,016	24,000	15,276
	Amounts	owed by	group undertakings				200,000	200,000
	Other debtors				229,776	92,379	229,776	91,920
					381,792	116,379	445,052	291,920
17.	Creditors: Amounts			falling due within one year
					Group 2021	Group 2020	Charity 2021	Charity 2020
	Trade creditors				14,940	2,400
	Amounts	owed to group undertakings
	Other taxation and		social security		20,593
	Accruals	and deferred		income	463,460	494,395	463,460	494,395
	Other creditors					950,000		950,000
	Accrued	grant awards			2,105,309	2,733,354	2,105,309	2,733,354
					2,604,302	4,180,149	2,568,770	4,177,750
					Group 2021	Group 2020	Company 2021	Company 2020
						E
	Analysis	ofdeferred		income
	Deferred	income at 1 April 2019			475,240	366,450	475,240	366,450
	Resources deferred		during the year		446,816	475,240	446,816	475,240
	Amounts	released	from previous years		(475,240)	(366,450)	(475,240)	(366,450)
	Deferred	income at 31 March 2020			446,816	475,240	446,816	475,240

Statement of	funds -curr	ent year
		As restated Balance at				Balance at
		1 April 2019f	Income	Expenditure f	Gains/ (Losses)	31 March 2021
Unrestricted	funds
ASCB Unrestricted		10,736,138	6,606,741	(4,547,449)	2,167,685	14,963,115
Restricted funds
BAE Systems		9,030	32,226	(27,800)		13,456
SOTR			15,276	(15,276)
		9,030	47,502	(43,076)		13,456
Total offunds		10,745,168	6,654,243	(4,590,525)	2,167,685	14,976,571

Statement of	funds -prior	year
						Balance at
		Balance at			Gains/	31 March
		1 April 2019	Income	Expenditure	(Losses)	2020
		F	E
Unrestricted	funds
ASCB Unrestricted		9,778,235	7,107,219	(5,782,433)	(366,883)	10,736,138
Restricted funds
BAESystems		9,030	30,000	(30,000)		9,030
Total offunds		9,787,265	7,137,219	(5,812,433)	(366,883)	10,745,168

Summary offunds - cu	rrent year
	As restated
	Balance at				Balance at
	1 April			Gains/	31 March
	2019	Income	Expenditure	(Losses)f	2021
General funds	10,736,138	6,606,741	(4,547,449)	2,167,685	14,963,115
Restricted funds	9,030	47,502	(43,076)		13,456
	10,745,168	6,654,243	(4,590,525)	2,167,685	14,976,571

					Balance at
	Balance at			Gains/	31 March
	1 April 2019	Income	Expenditure	(Losses)	2020
	F	E
General funds	9,778,235	7,107,219	(5,782,433)	(366,883)	10,736,138
Restricted funds	9,030	30,000	(30,000)		9,030
	9,787,265	7,137,219	(5,812,433)	(366,883)	10,745,168

Analysis of net assets between funds - cur	rent year
	Unrestricted	Restricted	Total
	funds	funds	funds
	2021f	2021	2021
Tangible fixed assets	15,000		15,000
Fixed asset investments	11,446,004		11,446,004
Current assets	6,106,413	13,456	6,119,869
Creditors due within one year	(2,604,302)		(2,604,302)
Total	14,963,115	13,456	14,976,571

Notes	to the flnancial statements
for the	year ended 31 March 2021
20.	Analysis ofnet assets between	funds (continued)
	Analysis of net assets between	funds -prior year
				Unrestricted	Restricted	Total
				funds	funds	funds
				2020	2020	2020
						F
	Tangible fixed assets Fixed asset investments			15,000 6,778,319		15,000 6,778,319
	Current assets			8,122,968	9,030	8,131,998
	Creditors due within one year			(4,180,149)		(4,180,149)
				10,736,138	9,030	10,745,168
	Total
21.	Reconciliation ofnet movement		in funds to net cash flow from operating		activities
					Group	Group
					2021	2020
	Net income for the year (as per Statement of Financial			Activities)	4,231,403	957,903
	Adjustments for." Losses / (gains) on investments				(2,167,685)	366,883
	Dividends, interests and rents from		investments		(13,741)	(38,298)
	Increase in debtors				(265,413)	(315,236)
	Increase/(decrease) in creditors				(1,575,847)	764,915
	Net cash provided by operating		activities		208,?17	1,736,167
22.	Analysis of cash and cash equivalents
					Group	Group
					2021f	2020 F
	Cash in hand				5,738,0?7	8,015,619
	Total cash and cash equivalents				5,738,077	8,015,619

						At 1 April		At 31 March
						2020	Cash flows	2021
Cash	at	bank	and	in	hand	8,015,619	(2,277,542)	5,738,077
						8,015,619	(2,277,542)	5,738,077

		Group 2021	Group 2020	Charity 2021	Charity 2020
Not later than 1 year		12,000	12,000		12,000
Later than	1 year and not later than 5 years	48,000	48,000		48,000
Later than	5years	180,000	192,000		192,000
		240,000	252,000		252,000

The following	w	as a subsi	diary undertaking of	diary undertaking of	the Charity:	the Charity:	the Charity:
Name			Company number		Registered office place ofbusiness			or principal		Principal	activity
ASCB Trading		Limited	11997374		Alexandra Street, United	House, Salisbury, Kingdom,		StJohns Wiltshire, SP1 2SB		To further the objects ofand generate profits for ASCB
										Chantable		Fund
Class of	Holding		Included	in
shares			consolidation
Ordinary		100% Yes
The financial	results ofthe subsidiary			for the	year were:
Name					Income	Expenditure			Profitl(Loss) ISurplus/		Net assets
									(Deficit) for
										the year
ASCB Trading		Limited			329,617		(123,310)			206,307		204,011

ASSOCIATIONS/UNIONS
ANGLING ASSOCIATION ARCHERY ARMED FORCES RALLY TEAM ARMY TUG OF WAR ASSOCIATION ATHLETICS ASSOCIATION BADMINTON ASSOCIATION BASKETBALL ASSOCIATION BOXING ASSOCIATION CANOE UNION CRICKET ASSOCIATION CYCLING UNION EQUITATION FENCING UNION FOOTBALL ASSOCIATION GLIDING ASSOCIATION GOLF ASSOCIATION HANG/PARA GLIDING ASSOCIATION HOCKEY ASSOCIATION ICE HOCKEY JUDO ASSOCIATION LAWN TENNIS ASSOCIATION MARTIAL ARTS ASSOCIATION MODERN PENTATHLON ASSOCIATION MOTOR SPORTS ASSOCIATION - 2 WHEEL MOTOR SPORTS ASSOCIATION -4 WHEEL NETBALL ASSOCIATION PARACHUTING ASSOCIATION		32,000 500 15,000 10,200 28,000 6,000 8,500 12,700 4,700 32,500 28,900 44,000 1,100 30,000 15,800 20,300 4,500 11,200 9,800 7,300 12,500 13,500 6,000 24,000 28,000 17,500	5,370 500 5,600 5,000 7,000 8,000 3,200 10,000 14,050 11,800 10,000 2,800 3,510 4,530 12,800 7,000 4,500 10,000 2,300 5,800 3,800 5,000 5,600 12,000 18,600 3,200	700 500 4,000 19,500 10,000 5,000 40,000 10,000	1,000 300 16,400 750 1,000 4,800 1,500 19,800 4,400 10,800 6,000 4,700 3,000 2,800 600 1,000 1,500	37,370 1,700 20,600 15,200 36,000 14,500 12,000 43,100 39,000 55,300 38,900 51,600 11,110 54,330 73,000 38,100 9,000 37,200 12,100 17,800 19,300 21,300 12,200 36,000 47,600 22,200
POLO ASSOCIATION POWERLIFTING UNION REAL TENNIS 8 RACKETS ASSOCIATION SHOOTING ASSOCIATION		16,400 3,500 5,300 35,000	9,800 2,600 17,800		3,500 1,500	16,400 16,800 7,900 54,300
ROWING CLUBS ASSOCIATION RUGBY LEAGUE RUGBY UNION		21,700 45,000	7,400 21,500		5,000 19,400	34,100 66,500 19,400
SAILING ASSOCIATION SPORT CLIMBING		20,000 7,200	8,150 1,400		3,500 6,000	31,650 14,600
SQUASH RACKETS ASSOCIATION SURF RIDERS UNION		15,900 2,000	5,900 3,400		2,000 3,400	23,800 8,800
SWIMMING UNION		30,000	9,300		7,350	46,650
TABLE TENNIS ASSOCIATION			1,500	1,600		3,100
TRIATHLON ASSOCIATION		49,500	5,000		2,500	57,000
VOLLEYBALL ASSOCIATION		6,700	3,090		3,700	13,490
WATERSKIING 8,WAKEBOARDING WINTER SPORTS ASSOCIATION	ASSOCIATION	13,900 48,500	5,900 9,500			19,800 58,000
ASSOCIATION TOTALS		745,100	294,200	91,300	138200	1 268 800
PD BRANCHES		57,000				57,000
SPONSORSHIP REGT/CORPS
DIRECTORS CONTINGENCY		60,000				60,000
TOTAL		862,100	294,200	91„300	138,200	1,385„800

pproved G	rants
	Approved- Accruals
DASCB Arm Rowin ASCB DASCB DASCB DASCB	Gos ort Gatehouse 2020/21 New Boathouse S orts Accommodation Stora e Facili Ul ssess 3 Years WMG- Ja an	F50,000 F550,000 F1,000,000 F217000 F90,000 F300,000	F41,691 FO FO F60,000 EO	F50,000 F508,309 E1,000,000 F217,000 F30,000 F300,000 F2 105309
	A roved - not accrued
DASCB	Stren th and Conditionin	F2,000,000	EO	F2000000
DASCB DASCB	Cor s Grants Festival ofS ort ' Nuffield Trust Wavell Pavilion - RIC	F250 000 F300,000	FO F106,124	F250,000 F193,876 F2,443,876

	Forecast and bud ets	Forecast and bud ets						Y	N		Comments
	Has management prepared monthly cash flow forecasts and/or monthly budgets covering, as a minimum, a period of twelve months from the expected date ofapproval ofthe accounts?										The Fin Man produces regular FOO for review by the Director and these are presented to the Board at
											each oftheir 3 meetings
											per year. The Board
											endorse annual grants at
											their December meeting
											based upon an annual
											forecast prepared by the
											Fin Man and presented	by
											the Director; this includes
											the annual grant
											allocations to Army Sports
											Associations and Unions.
											Income to the Charity is
											from the Army Sports
											Lottery. The Charity is
											'cash rich' and has no
											anticipated cash flow
											issues. In addition the
											reserves policy requires
											18months ofoperating
1.2.	Has management developed a list ofassumptions that underlie the forecasts, updated as necessary for the effects ofCOVID-19? Such assumptions might include: ~ gross profit margins that are realistic and consistent with past performance, the existing and anticipated pricing structure and order book;									NA	ca ital to be retained. The main activity is the generation ofincome through the Army Sports Lottery and approved grants —commitments are minimal to the overall
	~ ~	expected sales mix and yield; the patterns of expected debtor collections;									activity ofthe Charity. The majority of
	~	levels ofstock holding and WIP;									expenditure is
	~	payment terms with creditors;									discretionary and made
	~	capital asset replacements;									based on the forecasted
	~	inflation, contractual terms and seasonal		fluctuations;							income and expenditure,
		and									approved by the Trustees
	~	overhead levels?									in December prior to the
1.3.	In determining the appropriateness ofthe going concern basis has management adequately taken into account:									NA	start ofthe next FY.
	~	the stability ofthe cost base;
	~	whether businesses in the supply	chain are			at risk;
	~	significant staff absences;
	~	risks oflosing key suppliers and	significant		customers;
	~	potential losses on long-term contracts; and
	~	ade uac of insurance olicies?
	Have the forecasts been tested by performing sensitivity analyses on the critical assumptions, particularly in relation to differing levels ofactivity?									NA	Main income remains stable and relatively unaffected by COVID.
											COVID has reduced
											activity thus offering
											savings and thus
											increased the overall
											wealth ofthe Fund.

	Documentation
7.1	Has the going concern assessment	been documented	in		Detailed below
	sufficient detail to explain the basis	ofmanagement's
	conclusion with res ect to oin concern?
7.2	Where management has identified	that a material		NA
	uncertainty exists, has a suitable document been drafted
	that discloses the principal events or conditions that may
	cast significant doubt on the entity's	ability to continue	as a
	going concern and management's	plans to deal with	these
	events or conditions?