| Page | |
|---|---|
| ReferenceandadministrativedetailsoftheCharity,itsTrusteesandAdvisers | 1-2 |
| Trustees’report | 3-11 |
| Independentauditor'sreportonthefinancialstatements | 12-15 |
| Consolidatedstatementoffinancialactivities | 16 |
| Consolidatedbalancesheet | 17 |
| Charitybalancesheet | 18 |
| Consolidatedstatementofcashflows | 19 |
| Notestothefinancialstatements | 20 -36 |
| Thefollowingpagedoesnotformpartofthestatutoryfinancialstatements: | |
| AnnexA-AssociationGrants | 37 |
| AnnexB -InfrastructureGrants |
38 |
| Trustees | MajorGeneralJSwiftOBE,Chairman(appointed20September2022) | MajorGeneralJSwiftOBE,Chairman(appointed20September2022) |
|---|---|---|
| BrigadierN CAllison | ||
| MrD HA | Rowe,NEDFinancialAdvisor | |
| Brigadier | PJBassingham-Searle | |
| BrigadierRCBrown,CapitalProjects | ||
| BrigadierCDDaviesOBE | ||
| BrigadierSWRayson(appointed28July2022) | ||
| ColonelA | Kimber | |
| ColonelH | JStoy | |
| WarrantOfficer 1SLCox(appointed6July2022) |
||
| MajorGeneralDJEastmanMBE(resigned20September2022) | ||
| Brigadier | ||
| WarrantOfficer1DSMorgan,ArmySoldierFocus(resigned27July2022) | ||
| Companyregistered | ||
| number | 06569008 | |
| Charityregistered | ||
| number | 1123854 | |
| Registeredoffice | ArmySportControlBoard | |
| Mackenzie | Building | |
| FoxLines, | QueensAvenue | |
| Aldershot | ||
| Hampshire | ||
| GU112LB | ||
| Companysecretary | Wilson(CompanySecretaries)Limited | |
| LotteryLicenceNumber | 1601508 | |
| Independentauditor | KrestonReevesLLP | |
| Chartered | Accountants | |
| StatutoryAuditor | ||
| Montague | Place | |
| Quayside | ||
| Chatham | Maritime | |
| Chatham | ||
| Kent | ||
| ME44QU |
26 July 2023
26 July 2023
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2023 | 2023 | 2023 | 2022 | ||
| Note | £ | £ | £ | £ | |
| Incomefrom: | |||||
| Donationsandlegacies | 3 | - | 143,277 | 143,277 | 96,382 |
| Charitableactivities | 5. | 5,763,282 | - | 5,763,282 | §,753,913 |
| Othertradingactivities | 6 | 664,840 | - | 664,840 | 393,720 |
| Investments | v | 13,151 | - | 13,151 | 2,046 |
| Otherincome | 8 | 154,000 | - | 154,000 | 51,490 |
| Totalincome | 6,595,273 |
143,277 |
6,738,550 |
6,297,551 |
|
| Expenditureon: | |||||
| Raisingfunds | 2,030,275 | - | 2,030,275 | 1,936,710 | |
| Charitableactivities | 11 | 3,998,831 | 140,277 | 4,139,108 | 8,267,671 |
| Totalexpenditure | 6,029,106 |
140,277 |
6,169,383 |
10,204,381 |
|
| Netincome/(expenditure)beforenet | |||||
| (losses)/gainsoninvestments | 566,167 | 3,000 | 569,167 | (3,906,830) | |
| Net(losses)/gainsoninvestments | (988,617) | - | (988,617) | 1,095,674 | |
| Netmovementinfunds | (422,450) |
3,000 |
(419,450) |
(2,811,156) |
|
| Reconciliationoffunds: | |||||
| Totalfundsbroughtforward | 12,152,959 | 12,456 | 12,165,415 | 14,976,571 | |
| Netmovementinfunds | (422,450) | 3,000 | (419,450) | (2,811,156) | |
| Totalfundscarriedforward | 11,730,509 |
15,456 |
11,745,965 |
12,165,415 |
26 July 2023
26 July 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Note | |||
| Cashflowsfromoperatingactivities | |||
| Netcashusedinoperatingactivities | 22 | (205,430) | (2,123,396) |
| Cashflowsfrominvestingactivities | |||
| Dividends,interestsandrentsfrominvestments | 13,151 | 2,046 | |
| Proceedsfromthesaleoftangiblefixedassets | 143,998 | ||
| Purchaseofinvestments | (1,000,000) | ||
| Netcashprovidedby/(usedin)investingactivities | 157,149 | (997,954) | |
| Changeincashandcashequivalentsintheyear | (48,281) | (3,121,350) | |
| Cashandcashequivalentsatthebeginningoftheyear | 2,616,727 | 5,738,077 | |
| Cashandcashequivalentsattheendoftheyear | 23 | 2,568,446 | 2,616,727 |
| Thenotesonpages20to36formpartofthesefinancialstatements |
| Estimatesandjudgementsare | Estimatesandjudgementsare | continuallyevaluated | continuallyevaluated | and | are | basedonhistoricalexperienceandother | basedonhistoricalexperienceandother | basedonhistoricalexperienceandother |
|---|---|---|---|---|---|---|---|---|
| factors, including |
expectations |
of future |
events | that | are | believed to be |
reasonable |
under the |
| circumstances. | TheCharitymakesestimatesand | assumptionsconcerning | thefuture.Theresulting | |||||
| accountingestimatesandassumptionswill, | bydefinition, | seldomequaltherelatedactualresults. The |
||||||
| Charitydoesnot | currentlyhave | anysignificantaccounting | estimatesorareasofjudgement. | |||||
| Incomefromdonationsandlegacies | ||||||||
| Restricted | Total | Total | ||||||
| funds | funds | funds | ||||||
| 2023 | 2023 | 2022 | ||||||
| £ | £ | £ | ||||||
| BAE Systemsgrant | 30,000 | 30,000 | 30,000 | |||||
| SOTRgrant | 413,277 | 113,277 | 66,382 | |||||
143,277 |
143,277 |
96,382 |
||||||
| Total2022 | 96,382 | 96,382 | ||||||
| Incomefromcharitableactivities | ||||||||
| Unrestricted | Total | Total | ||||||
| funds | funds | funds | ||||||
| 2023 | 2023 | 2022 | ||||||
| £ | £ | £ | ||||||
| Lotteryticketsales | 5,763,282 |
5,763,282 |
5,753,913 |
|||||
| Total2022 | 5,753,913 | 5,753,913 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2023 | 2023 | 2022 | ||
| £ | £ | £ | ||
| Sponsorshipincome | 664,840 |
664,840 |
393,720 |
|
| Total2022 | 393,720 | 393,720 | ||
| 7 | Investmentincome | |||
| Unrestricted | Total | Total | ||
| funds | funds | funds | ||
| 2023 | 2023 | 2022 | ||
| £ | £ | £ | ||
| Interestreceivable | 13,151 |
13,151 |
2,046 |
|
| Total2022 | 2,046 | 2,046 | ||
| 8. | Otherincome | |||
| Unrestricted | Total | Total | ||
| funds | funds | funds | ||
| 2023 | 2023 | 2022 | ||
| £ | £ | £ | ||
| Un-cashedchequeswrittenback | - | - | 21,088 | |
| SEPFRepaymentfromGIA | 154,000 | 154,000 | 10,000 | |
| Laurus | - | - | 20,402 | |
154,000 |
154,000 |
51,490 |
||
| Total2022 | 51,490 | 51,490 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| ASLprizesandcosts | 1,673,670 | 1,673,670 | 1,672,068 |
| Sponsorshipagent'sfees | 190,879 | 190,879 | 138,659 |
| ASCBTrading-Legalandprofessionalfees | 343 | 343 | 343 |
| ASCBTrading-SponsorshipEvents | 31,617 | 31,617 | - |
| ASCBTrading-Auditors'remuneration | 2,100 | 2,100 | 2,100 |
| ASCBTrading-Accountancyfees | 595 | 595 | 600 |
| Staffcosts | 131,071 | 131,071 | 122,940 |
2,030,275 |
2,030,275 |
1,936,710 |
|
| Total2022 | 1,936,710 | 1,936,710 | |
| Analysisofgrants | |||
| Grantsto | Total | Total | |
| Institutions | funds | funds | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Association,capitalandequipmentgrants | 2,330,645 | 2,330,645 | 7,291,945 |
| BAESystemsgrant | 27,000 | 27,000 | 31,000 |
| EliteSportsgrants | 333,034 | 333,034 | 340,503 |
| Sportslotterygrants | 1,099,687 | 1,099,687 | 270,485 |
| SOTRgrants | 113,277 | 113,277 | 66,382 |
3,903,643 |
3,903,643 |
8,000,315 |
|
| Total2022 | 8,000,315 | 8,000,315 |
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| funds | funds | Total | Total | |
| 2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Grantstocontrollingbodies | 2,566,110 | - | 2,566,110 | 7,559,301 |
| BAESystemsgrant | - | 27,000 | 27,000 | 31,000 |
| EliteSportsexpenditure | 333,034 | - | 333,034 | 340,503 |
| ASLgrants | 1,099,687 | - | 1,099,687 | 270,485 |
| SOTRgrants | - | 113,277 | 113,277 | 66,382 |
3,998,831 |
140,277 |
4,139,108 |
8,267,671 |
|
| Total2022 | 8,170,289 |
97,382 |
8,267,671 |
| Grant | |||||
|---|---|---|---|---|---|
| fundingof | |||||
| activities | Support | Total | Total | ||
| Directcosts | (note9) | costs | funds | funds | |
| 2023 | 2023 | 2023 | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| Grantstocontrollingbodies | 76,935 | 2,330,645 | 158,530 | 2,566,110 | 7,559,301 |
| BAESystemsgrant | 2 | 27,000 | - | 27,000 | 31,000 |
| EliteSportsexpenditure | - | 333,034 | - | 333,034 | 340,503 |
| ASLgrants | - | 1,099,687 | - | 1,099,687 | 270,485 |
| SOTRgrants | - | 113,277 | - | 113,277 | 66,382 |
76,935 |
3,903,643 |
158,530 |
4,139,108 |
8,267,671 |
|
| Total2022 | 55,111 |
8,000,315 |
212,245 |
8,267,671 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Staffcosts | 57,606 | 57,606 | 55,111 |
| Sponsorship | 19,329 | 19,329 | - |
76,935 |
76,935 |
55,111 |
|
| Analysisofsupportcosts | |||
| Unrestricted | Total | Total | |
| funds | funds | funds | |
| 2023 | 2023 | 2022 | |
| £ | £ | £ | |
| Staffcosts | 73,721 | 73,721 | 61,977 |
| Computercosts | 10,752 | 10,752 | 19,383 |
| Meetingexpenses | 4,285 | 1,285 | 737 |
| Accommodationandstafftravelreimbursement | 41,471 | 41,471 | 41,270 |
| Bankcharges | 3,779 | 3,779 | 3,040 |
| Stafftraining | 4,800 | 4,800 | 2,581 |
| Officecosts | 44,615 | 44,615 | 37,971 |
| Insurance | 4,245 | 1,245 | - |
| Gamblingcommissioncharges | 1,727 | 1,727 | 1,508 |
| Marketing | 33,256 | 33,256 | 6,022 |
| Staffwelfare | 14,898 | 14,898 | 3,427 |
| Sundryexpenses | 4,601 | 4,601 | 5,140 |
| Legalandprofessionalfees | 11,345 | 11,345 | - |
| Trusteetraining | 2,311 | 2,311 | 540 |
| Auditors’remuneration | 4,320 | 4,320 | 6,347 |
| Valuationfees | - | - | 900 |
| Tenniscourtrent | 33,402 | 33,402 | 21,402 |
| Profitondisposaloffixedassets | (128,998) | (128,998) | - |
158,530 |
158,530 |
212,245 |
| Group | Group | Charity | Charity | |
|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Wagesandsalaries | 224,891 | 205,422 | 224,891 | 205,422 |
| Socialsecuritycosts | 22,897 | 19,984 | 22,897 | 19,984 |
| Pensioncosts | 14,610 | 14,622 | 14,610 | 14,622 |
262,398 |
240,028 |
262,398 |
240,028 |
|
| TheaveragenumberofpersonsemployedbytheCharityduringtheyearwasasfollows: | ||||
| Group | Group | Charity | Charity | |
| 2023 | 2022 | 2023 | 2022 | |
| No. | No. | No. | No. | |
| Administration | 5 | 5 | 5 | 5 |
| EliteSports | 1 | 1 | 1 | 4 |
| Assurance | 1 | 1 | 1 | 4 |
7 |
7 |
7 |
7 |
| Listed | |
|---|---|
| investments | |
| Group | £ |
| Costorvaluation | |
| At1April2022 | 13,541,678 |
| Revaluations | (988,619) |
| At31March2023 | 12,553,059 |
| Netbookvalue | |
| At31March2023 | 12,553,059 |
| At31March2022 | 13,541,678 |
| Investments | |||
|---|---|---|---|
| in | |||
| subsidiary | Listed | ||
| companies | investments | Total | |
| Charity | £ | £ | £ |
| Costorvaluation | |||
| At1April2022 | 1 | 13,541,678 | 13,541,679 |
| Revaluations | - | (988,619) | (988,619) |
| At31March2023 | 1 |
12,553,059 |
12,553,060 |
| Netbookvalue | |||
| At31March2023 | 1 | 12,553,059 | 12,553,060 |
| At31March2022 | 4 |
13,541,678 |
13,541,679 |
| Group | Group | Charity | Charity | |
|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |
| £ | £ | & | £ | |
| Duewithinoneyear | ||||
| Tradedebtors | 75,108 | 213,384 | - | 74,784 |
| Amountsowedbygroupundertakings | - | - | 200,000 | 199,999 |
| Otherdebtors | 221,246 | 444,329 | 215,167 | 432,943 |
296,354 |
657,713 |
415,167 |
707,726 |
|
| Creditors:Amountsfallingduewithinoneyear | ||||
| Group | Group | Charity | Charity | |
| 2023 | 2022 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Tradecreditors | - | 35,379 | - | - |
| Othertaxationandsocialsecurity | 25,925 | 23,276 | - | - |
| Othercreditors | 2,598 | - | 2,598 | - |
| Accrualsanddeferredincome | 797,696 | 579,508 | 714,696 | 576,808 |
| Accruedgrantawards | 2,845,675 | 4,027,540 | 2,845,675 | 4,027,540 |
3,671,894 |
4,665,703 |
3,562,969 |
4,604,348 |
|
| Group | Group | Company | Company | |
| 2023 | 2022 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Analysisofdeferredincome | ||||
| Deferredincomeat1April2022 | 559,683 | 446,816 | 559,683 | 446,816 |
| Resourcesdeferredduringtheyear | 563,773 | 559,683 | 563,773 | 559,683 |
| Amountsreleasedfrompreviousyears | (559,683) | (446,816) | (559,683) | (446,816) |
| Deferredincomeat31March2023 |
563,773 |
559,683 |
563,773 |
559,683 |
| Balanceat | |||||||
|---|---|---|---|---|---|---|---|
| Balanceat | 1 | Gains/ | 31March | ||||
| April2022 | Income | Expenditure | (Losses) | 2023 | |||
| £ | £ | £ | £ | £ | |||
| Unrestrictedfunds | |||||||
| ASCBUnrestricted | 12,152,959 |
6,595,273 |
(6,029,106) |
(988,617) |
11,730,509 |
||
| Restrictedfunds | |||||||
| BAE Systems | 12,456 | 30,000 | (27,000) | - | 15,456 | ||
| SOTR | - | 113,277 | (113,277) | - | - | ||
12,456 |
143,277 |
(140,277) |
- |
15,456 |
|||
| Totaloffunds | 12,165,415 |
6,738,550 |
(6,169,383) |
(988,617) |
11,745,965 |
||
| TheBAESystemsfundsareheld | forthepurpose | ofsportsscholarshipstoelite | athletes. | ||||
| TheStatementofTrainingRequirement(SOTR) | grantisprovidedbyArmyHQ | toensure | thatallsports | ||||
| havetherequired(qualified)officialsandcoaches | tosafely | operateArmySport. | |||||
| Statementoffunds-prioryear | |||||||
| Balanceat | |||||||
| Balanceat | Gains/ | 31March | |||||
| 1April2021 | Income | Expenditure | (Losses) | 2022 | |||
| £ | £ | £ | £ | £ | |||
| Unrestrictedfunds | |||||||
| ASCBUnrestricted | 14,963,115 |
6,201,169 |
(10,106,999) |
1,095,674 |
12,152,959 |
||
| Restrictedfunds | |||||||
| BAESystems | 13,456 | 30,000 | (31,000) | - | 12,456 | ||
| SOTR | - | 66,382 | (66,382) | - | - | ||
13,456 |
96,382 |
(97,382) |
- |
12,456 |
|||
| Totaloffunds | 14,976,571 |
6,297,551 |
(10,204,381) |
1,095,674 |
12,165,415 |
| Balanceat | ||||||
|---|---|---|---|---|---|---|
| Balanceat | 1 | Gains/ | 31March | |||
| April2022 | Income | Expenditure | (Losses) | 2023 | ||
| £ | £ | £ | £ | £ | ||
| Generalfunds | 12,152,959 | 6,595,273 | (6,029,106) | (988,617) | 11,730,509 | |
| Restrictedfunds | 12,456 | 143,277 | (140,277) | - | 15,456 | |
12,165,415 |
6,738,550 |
(6,169,383) |
(988,617) |
11,745,965 |
||
| Summaryoffunds-prioryear | ||||||
| Balanceat | ||||||
| Balanceat | Gains/ | 31March | ||||
| 4April2021 | Income | Expenditure | (Losses) | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Generalfunds | 14,963,115 | 6,201,169 | (10,106,999) | 1,095,674 | 12,152,959 | |
| Restrictedfunds | 13,456 | 96,382 | (97,382) | - | 12,456 | |
14,976,571 |
6,297,551 |
(10,204,381) |
1,095,674 |
12,165,415 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2023 | |
| £ | £ | = | |
| Fixedassetinvestments | 12,553,059 | - | 12,553,059 |
| Currentassets | 2,849,344 | 15,456 | 2,864,800 |
| Creditorsduewithinoneyear | (3,671,894) | - | (3,671,894) |
| Total | 11,730,509 |
15,456 |
11,745,965 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2022 | ||
| £ | £ | £ | ||
| Tangiblefixedassets | 15,000 | - | 15,000 | |
| Fixedassetinvestments | 13,541,678 | - | 13,541,678 | |
| Currentassets | 3,261,984 | 12,456 | 3,274,440 | |
| Creditors duewithinoneyear | (4,665,703) | - | (4,665,703) | |
| Total | 12,152,959 |
12,456 |
12,165,415 |
|
| 22. | Reconciliationofnetmovementinfundstonetcashflowfromoperating | activities | ||
| Group | Group | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Netexpenditurefortheyear(asperStatementofFinancialActivities) | (419,450) | (2,811,156) | ||
| Adjustmentsfor: | ||||
| Losses/(gains)oninvestments | 988,619 | (1,095,674) | ||
| Dividends,interestsandrentsfrominvestments | (13,151) | (2,046) | ||
| (Profit)onthesaleoffixedassets | (128,998) | - | ||
| Decrease/(increase)indebtors | 361,359 | (275,921) | ||
| Increase/(decrease)increditors | (993,809) | 2,061,401 | ||
| Netcashusedinoperatingactivities | (205,430) | (2,123,396) | ||
| 23. | Analysisofcashandcashequivalents | |||
| Group | Group | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Cashinhand | 2,568,446 | 2,616,727 |
| At1April | At31March | |||||
|---|---|---|---|---|---|---|
| 2022 | Cashflows | 2023 | ||||
| £ | £ | £ | ||||
| Cashat | bankand | in | hand | 2,616,727 |
(48,281) |
2,568,446 |
| Group | Group | Charity | Charity | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |||
| £ | £ | £ | E | |||
| Notlater | than | 1year |
12,000 | 12,000 | 12,000 | 12,000 |
| Laterthan | 1 |
yearandnotlaterthan5years | 48,000 | 48,000 | 48,000 | 48,000 |
| Laterthan | 5 | years | 156,000 | 168,000 | 156,000 | 168,000 |
216,000 |
228,000 |
216,000 |
228,000 |
| Name | Company | Registeredofficeorprincipal | Principalactivity | |
|---|---|---|---|---|
| number | placeofbusiness | |||
| ASCBTradingLimited | 11997374 | AlexandraHouse,StJohns | To furthertheobjects | |
| Street,Salisbury,Wiltshire, | ofandgenerate | |||
| UnitedKingdom,SP12SB | profitsforASCB | |||
| CharitableFund | ||||
| Classof | Holding | Includedin | ||
| shares | consolidation | |||
| Ordinary | 100% | Yes |
| Name | Income | Expenditure | Profit/(Loss) | Netassets |
|---|---|---|---|---|
| £ | £ | /Surplus/ | £ | |
| (Deficit)for | ||||
| theyear | ||||
| £ | ||||
| ASCBTradingLimited | 664,840 | (225,534) | 439,306 | 439,307 |