## 

||Page|
|---|---|
|ReferenceandadministrativedetailsoftheCharity,itsTrusteesandAdvisers|1-2|
|Trustees’report|3-11|
|Independentauditor'sreportonthefinancialstatements|12-15|
|Consolidatedstatementoffinancialactivities|16|
|Consolidatedbalancesheet|17|
|Charitybalancesheet|18|
|Consolidatedstatementofcashflows|19|
|Notestothefinancialstatements|20<br>-36|
|Thefollowingpagedoesnotformpartofthestatutoryfinancialstatements:||
|AnnexA-AssociationGrants|37|
|AnnexB<br>-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<br>1SLCox(appointed6July2022)||
||MajorGeneralDJEastmanMBE(resigned20September2022)||
||Brigadier||ARollandVR,ArmyReserveFocus(resigned6December2022)|
||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||





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# 26 July 2023 



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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||<br>6,595,273|<br>143,277|<br>6,738,550|<br>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||<br> <br>6,029,106|<br> <br>140,277|<br> <br>6,169,383|<br> <br>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||<br> <br>(422,450)|<br> <br>3,000|<br> <br>(419,450)|<br> <br>(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||<br>11,730,509<br> <br>|<br>15,456<br> <br>|<br>11,745,965<br> <br>|<br>12,165,415<br> <br>|





## 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||||





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## 

|Estimatesandjudgementsare|Estimatesandjudgementsare|continuallyevaluated|continuallyevaluated|and|are|basedonhistoricalexperienceandother|basedonhistoricalexperienceandother|basedonhistoricalexperienceandother|
|---|---|---|---|---|---|---|---|---|
|factors,<br>including|<br>expectations|<br>of<br>future|events|that|are|<br>believed<br>to<br>be|<br>reasonable|<br>under<br>the|
|circumstances.|TheCharitymakesestimatesand|||assumptionsconcerning|||thefuture.Theresulting||
|accountingestimatesandassumptionswill,|||bydefinition,||seldomequaltherelatedactualresults.<br>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|
|||||||<br> <br>143,277|<br> <br>143,277|<br> <br>96,382|
|Total2022||||||96,382|96,382||
|Incomefromcharitableactivities|||||||||
|||||||Unrestricted|Total|Total|
|||||||funds|funds|funds|
|||||||2023|2023|2022|
|||||||£|£|£|
|Lotteryticketsales||||||<br> <br>5,763,282|<br> <br>5,763,282|<br> <br>5,753,913|
|Total2022||||||5,753,913|5,753,913||





## 

## 

## 

|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2022|
|||£|£|£|
||Sponsorshipincome|<br>664,840|<br>664,840|<br>393,720|
||Total2022|393,720|393,720||
|7|Investmentincome||||
|||Unrestricted|Total|Total|
|||funds|funds|funds|
|||2023|2023|2022|
|||£|£|£|
||Interestreceivable|<br> <br>13,151|<br> <br>13,151|<br> <br>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|
|||<br> <br> <br>154,000|<br> <br> <br>154,000|<br> <br> <br>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|
||<br> <br> <br>2,030,275|<br> <br> <br>2,030,275|<br> <br> <br>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|
||<br>3,903,643<br>|<br>3,903,643<br>|<br>8,000,315<br>|
|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|
||<br> <br> <br>3,998,831|<br> <br> <br>140,277|<br> <br> <br>4,139,108|<br> <br> <br>8,267,671|
|Total2022|<br>8,170,289|<br>97,382|<br>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|
||<br> <br> <br>76,935|<br> <br> <br>3,903,643|<br> <br> <br>158,530|<br> <br> <br>4,139,108|<br> <br> <br>8,267,671|
|Total2022|<br>55,111<br>|<br>8,000,315<br>|<br>212,245<br>|<br>8,267,671<br>||





## 

## 

## 

||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2023|2023|2022|
||£|£|£|
|Staffcosts|57,606|57,606|55,111|
|Sponsorship|19,329|19,329|-|
||<br> <br> <br>76,935|<br> <br> <br>76,935|<br> <br> <br>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)|-|
||<br>158,530<br>|<br>158,530<br>|<br>212,245<br>|





## 

||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|
||<br>262,398<br>|<br>240,028<br>|<br>262,398<br>|<br>240,028<br>|
|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|
||<br>7<br>|<br>7<br>|<br>7<br>|<br>7<br>|





## 

## 

## 

## 



## 

||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|<br>1<br>|<br>12,553,059<br>|<br>12,553,060<br>|
|Netbookvalue||||
|At31March2023|1|12,553,059|12,553,060|
|At31March2022|<br>4<br> <br>|<br>13,541,678<br> <br>|<br>13,541,679<br> <br>|





## 

## 

||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|
|<br> <br>|<br> <br> <br>296,354|<br> <br> <br>657,713|<br> <br> <br>415,167|<br> <br> <br>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|
|<br>|<br> <br>3,671,894|<br> <br>4,665,703|<br> <br>3,562,969|<br> <br>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<br> <br>|<br>563,773<br>|<br>559,683<br>|<br>563,773<br>|<br>559,683<br>|





||||||||Balanceat|
|---|---|---|---|---|---|---|---|
||Balanceat|1||||Gains/|31March|
||April2022||Income||Expenditure|(Losses)|2023|
|||£||£|£|£|£|
|Unrestrictedfunds||||||||
|ASCBUnrestricted|<br>12,152,959|<br>|<br>6,595,273|<br>|<br>(6,029,106)|<br>(988,617)|<br>11,730,509|
|Restrictedfunds||||||||
|BAE Systems|12,456||30,000||(27,000)|-|15,456|
|SOTR|-||113,277||(113,277)|-|-|
||<br> <br>12,456|<br> <br>|<br> <br>143,277|<br> <br>|<br> <br>(140,277)|<br> <br>-|<br> <br>15,456|
|Totaloffunds|12,165,415<br> <br>|<br> <br>|6,738,550<br> <br>|<br> <br>|(6,169,383)<br> <br>|(988,617)<br> <br>|11,745,965<br> <br>|
|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|<br>14,963,115|<br>|<br>6,201,169||<br>(10,106,999)|<br>1,095,674|<br>12,152,959|
|Restrictedfunds||||||||
|BAESystems|13,456||30,000||(31,000)|-|12,456|
|SOTR|-||66,382||(66,382)|-|-|
||<br> <br>13,456||<br> <br>96,382||<br> <br>(97,382)|<br> <br>-|<br> <br>12,456|
|Totaloffunds|14,976,571<br> <br>|<br> <br> <br>|6,297,551<br> <br> <br>|<br> <br> <br>|(10,204,381)<br> <br> <br>|1,095,674<br> <br> <br>|12,165,415<br> <br> <br>|





## 

## 

|||||||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|
||<br> <br>12,165,415|<br> <br>|<br> <br>6,738,550|<br> <br>(6,169,383)|<br> <br>(988,617)|<br> <br>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|
||<br> <br> <br>14,976,571|<br> <br> <br>|<br> <br> <br>6,297,551|<br> <br> <br>(10,204,381)|<br> <br> <br>1,095,674|<br> <br>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|<br>11,730,509<br>|<br>15,456<br>|<br>11,745,965<br>|





## 

|||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|<br> <br> <br>12,152,959|<br> <br> <br>12,456|<br> <br> <br>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<br>|(48,281)<br>|2,568,446<br>|



## 

## 

||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
||||£|£|£|E|
|Notlater|than|<br>1year|12,000|12,000|12,000|12,000|
|Laterthan|<br>1|yearandnotlaterthan5years|48,000|48,000|48,000|48,000|
|Laterthan|5|years|156,000|168,000|156,000|168,000|
||||<br>216,000<br>|<br>228,000<br>|<br>216,000<br>|<br>228,000<br>|



## 

## 



## 

|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|