2023-09-30-accounts - UK Armed Forces Winter Sports Association

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UNITED KINGDOM ARMED FORCES WINTER SPORTS ASSOCIATION (UKAFWSA) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023

INTRODUCTION

The CSWSA was formed in 1950 to provide a focus for the various disciplines of winter sports in the Services. It was retitled UKAFWSA in Dec 16. Its Registered Charity Number is 1138305 and Company No 07033277. The Registered address is UKAFWSA, c/o MOD ASCB, MacKenzie Building, Fox Lines, Queens Avenue, Aldershot, Hants, GU11 2LB.

MISSION

The UKAFWSA’s mission is to provide an organisation for the pursuit of winter sports excellence at Inter Services level, which represents the pinnacle of winter sports achievement in the Services, thereby furthering the provision of access to winter sports at competitive and all other levels to HM Forces personnel.

OBJECTIVES

The objectives of the Association are to:
a. Provide governance of winter sports in the Services and where possible ensure a consistent approach to winter sports within each discipline across all 3 Services.

b. Procure funding through sponsorship, non-public and public (where appropriate approval exists) funds and to ensure the fair and equitable allocation of these funds to individual winter sports disciplines.

c. Provide formally-structured committees within which each discipline’s interests are fully represented.

d. Provide an overarching organisational framework and environment within which winter athletes can compete at the highest level within the Services.

e. Promote the interests of HM Forces through UK Armed Forces (UKAF) sport consistent with current Defence Corporate Communications policy.

f. Encourage the support of national sports.

ORGANISATION

4. Managing Trustees. The UKAFWSA comprised 5 Trustees as follows:

a. Cdre R Winter RN Chair UKAFWSA b. Cdre J Woodard RN Chair RNWSA c. Maj Gen D Crook Chair AWSA d. Gp Capt M Cunningham RAF Chair RAFWSF e. Brig R Haldenby Trustee

UKAFWSA Trustees Report 22/23 – 1

5. Sub-Committees. Sub-committees of the UKAFWSA exist for each discipline as follows:

a. Alpine.
b. Ice Sports – Bobsleigh, Luge and Skeleton.
c. Cresta.
d. Nordic – Cross Country and Biathlon.
e. Snowboard.
f. Telemark.

COMMITTEE STRUCTURE AND CONDUCT OF BUSINESS

Trustees.
a. Terms of Reference.

(1) To provide strategy and policy in furtherance of the aims and objectives of the Association.

(2) To consider and allocate funds to Association activities.

(3) To approve nominations for Patron, President, Chair and Secretary of the Association and Discipline Chair.

b.

Membership.

(1) Chair. The Chair, who is to be a serving senior officer with a strong interest in winter sports, will be nominated and approved by members of the UKAF Sports Board. He is responsible for the supervision of the Association’s finances and for the overall management of the Association’s business.

(2) Chair of Single-Service Winter Sports Associations/Federation. The Chair of the single-Service Winter Sports Associations/Federation will be standing Trustees of the UKAFWSA.

c. Frequency of Meetings. The UKAFWSA Trustees shall meet in plenary session ideally at least two times a year, sometimes 3 or 4.

e. Quorum. A quorum will have been achieved when the Chair and at least two representatives from each single-Service Winter Sports Association/Federation is present. Each Service will be entitled to one vote.

f. Accountability. The Council is accountable to the UKAFSB for the proper conduct of its business and national sport bodies for the correct application of their rules.

UKAFWSA Trustees Report 22/23 – 2

FINANCIAL POLICIES

General. The Trustees are responsible for the financial health and good financial management of the UKAFWSA.
Priorities for Expenditure. The priority for the use of Charity funds for the 22/23 period, unchanged from previous years, is as follows:

a. Funding Inter-Service (IS) competitions of Individual Military Training (Nordic) Category 2 (Alpine, Bobsleigh, Luge, Skeleton, Snowboard and Telemark and Cresta) winter sports at an appropriate standard and level of safety.

b. Promoting the excellence, reputation, and prestige of the UKAFWSA as the governing body of UKAF Winter Sports.

c. Assisting with the defrayal of costs of athletes attending UKAF competitions.

d. Assisting in the defrayal of costs of athletes representing the UKAF at other competitions (British Championships and against the Australian Defence Force.

e. Maintaining a reserve to ensure subsequent years competitions can be conducted should income reduce.

f. Supporting UKAF athletes at national competitions.
g. Supporting UKAF athletes at international competitions.
Expenditure. The Trustees agreed the following:

a. Events. The four main Championships (Inter Service Snow Sports (ISSSC), IS Ice Sports, Cresta and Nordic Championships) were each provide funds to run the events in accordance with the direction provided by the Trustees.

b. Protocol. A maximum of 15% of the income could be spent on Protocol, which included VIP hosting at UKAF events (ISSSC, IS Ice Sports Championships, Nordic and Cresta), The 2022 President’s Dinner (Nov 22) and the 2023 Cocktail Party (Jun 23).

c. Grants. The Charity made grants as determined by the Trustees, which complied with the objects of the Charity and the priorities for expenditure detailed in Paragraph 9 above. For the 22/23 Season the Trustees agreed the following grants:

(1) Single Service Grants. These were originally set at £10K to each Service.
(2) Armed Forces Para Snowsports Team (AFPST). Set at £3K.
Income. Income for the UKAFWSA was provided almost wholly from donations from various companies in the UK with only a small amount from bank interest and investment dividends.
Financial Reserve. The Charity will endeavour to hold a financial reserve sufficient to cover the minimum running costs of one-year’s UKAF Winter Sports events. This reserve will be drawn

UKAFWSA Trustees Report 22/23 – 3

down only with the specific agreement of the Trustees. A proportion of the Reserve, as determined from time to time by the Trustees, may be held in Investments.

Investments. The Charity may invest for the purpose of medium-term growth (2 – 5 years) with a strong emphasis on securing capital, income is not a requirement.
23/24 Financial Overview. The Chairman reported that donations had risen slightly following a few turbulent years post COVID pandemic. Several long-standing sponsors returned, and we managed to secure a number of SME companies new to the organisation which bolstered our financial position in time for the season. With the increase in income the Trustees were able to take the decision to enter teams into the British Snowboard Championships held in the UK for the second year running and the British Alpine Championships in Tignes. They further agreed to send a small team to Australia following an invite to the Australian Defence Force Skiing Championships. All resulted in various degrees of success. The season closed with all disciplines completing a full programme of events for the first time in several years. The detailed Financial Statement is enclosed with this report. At the season close the account realised a £6297 surplus after an unrealised loss on investments of £2167

UKAFWSA EVENTS

In 2023/24 UKAF Winter Sports was fortunate to be able to complete full season for the first time in a few years post pandemic and despite the best efforts of some heavy mid-season snowfall in Switzerland that slightly disrupted the Ice Championships programme. So, it was pleasing to be able to report a full and successful season for the UKAFWSA across all disciplines once it got under way. Conditions for the Inter Service Snow Sport Championships in Meribel were perfect for competition racing and all three Services managed to conduct a short 5-day training camp prior to the Championships and with the assistance from the resort in setting courses to the standard of competitor the event past without issue and with the usual high standard of racing. Once again there were many closely fought competitions and congratulations must go to all the competitors, whose skill, determination, and frankly raw courage epitomises the values the UKAFWSA place so highly in our British Servicemen and Women and enables them to throw themselves down ice and snow at frightening speeds. The Ice Sport Championships held in St Moritz was under pressure to complete a full programme given the heavy snow fall mid event, but with some fine tuning of the programme all races were completed without issue. Unfortunately, with a World Cup event running concurrently military GB athletes were unable to compete, although this did not detract from the impressive performances of those who were able to attend. In contrast, at the Nordic Championships some unseasonably high temperatures in southern Germany resulted in a lack of snow which resulted in a series of programme changes to ensure races took place at the coldest times of the day. Again, to their credit the organisers were able to complete a full race programme without issue. While facing a backdrop of operations and busy periods at work once again affected some participation, the UKAFWSA managed to complete events with a high standard of competition.

SUMMARY

Another excellent season from a sporting perspective. The UKAFWSA is in very good order.

SAJ Davis

UKAFWSA Trustees Report 22/23 – 4

SAJ Davis Lt Col (Retd) Secretary for Chairman of the Trustees

Jun 24

Enclosure:

Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 Sep 23.

UKAFWSA Trustees Report 22/23 – 5

REGISTERED COMPANY NUMBER.. 07033277 (England and Wales) REGISTERED CHARITY NUMBER.. 1138305 Report of the Trtsste#s and Unaudited Flnanclal Statements for the Yèar Ended 30 septeMr 2023 far Tho UK Armed Forces Wlnlgr Sports A¥so¢iatlon Di81 Square Assoclales Holdings Limited Chartered Accountants s st Georges Yard Farnham Surrey GU9 7LW

The UK Amied Forces Wlnter Sports Asso¢latlon Contents of the Financlal Statemènts for the Year Ended 30 September 2023 Page Report of the Trustaes Indèp8ndent Examlnèr's Rèport Statem&nt of Financlal Aetlvltles Balance Sheèt Cash Flow Statemont Notgs to tho Cash Flow Statamènt Note8 to the Flnan¢lal Stat•mtnts 7 to 11 D•tall•d Statement of Flnan¢lal Actlvltlès 12

The UK Amied Forces Wlnter Sports Assoctation Report of the Trustees for the Year Ended 30 Septemljer 2023 The trustees who S also dlre¢tors of the charity for the purposes of the Companies Act 2006, PTesenl thelr report with the finan¢ial statements ol the charity ft)r the year encled 30 September 2023. The trustees have adopted the prs10S of Accounting and Reporting by Chariliès.. Statement of Recommended Pra¢tice applicable lo charities preparing Ihoir a¢Gounts In accord8nc8 with the Flnancial Reporting St8nthrd appllcable In the UK and Repu1¢ of ITeland IFRS 1021 leffectlva 1 January 20191, STRATEGIC REPORT STRUCTURE, GOVERNANCE AND MANAGEMENT Govarnlng document The charity is controlled by Ils gtsveming documènt. a deed of trust, and conslllutgs a Ilmlled company, limited by guawleo, as defined by Ihtr Companles AGI 2006. Rlsk management The truste8s have a duly lo Idenllfy and r6vl8w th& risks lo wh&ch the charity is exposed and to ensure 8ppropriate controls are in place lo piovlde reasonabla 8ssurarKe agalnsl fratjd an(J error. REFERENCE ANO ADMINISTRATIVE DETAILS Raglsterod Company number 07033277 (England and Walesl R•glst•r•d Charlty numb•r 1138305 R•glsterod offi¢¢ Alexandra House Sl Johns Street S8llsbury Wlllshlr$ SP1 2S8 Trugt80 Brlgadler R Haldenby Cornmodore R Winlei Ireslgn8d 3.4.231 Group Capl M L Cunningham Major Gene D Crook Hm For¢es Army Captain J Woodard Hm Forces Rc>yal Navy Commodor@ R H¥iis laprxjlnted 3.4.231 Company Se¢relary Wilsons (Company secretars) Llmiled Ind•p•ndent Examlngr l R Fulcher Dlal Square A980ciales Holdlngs Llmtted Chartor8d Accountants 9 St Gèorge'B Yard Famham Surrey GU9 7LW RepK)rt of tho trustees, incorporatlng g $trateglc report, approve(I by order of the boaru of trustees, as company directors, on ..... 23 January 2024..............,......................... and slwed on thè board s behBlf by.. Briga(ler R Haldenby- Trustee Page f

Independent Examinèr's Rèport to the Trustees of The UK Armed Forces Wlntar Sport8 Association Indep8ndent examSn•V8 report to the trusteès of The UK Amied Forc•s Winter Sports Assoclatlon I'tha Company'l report to the charity IrusleeG on my ex8min81ion L)f the accounts of the Company for the year endod 30 September 2023. Respon8ibilities and basls of report As the charity's Iiuslees ol the Company18nd also its directtsrs for the purposes of company18wI you are responsible for the preparation of the accounts in accordance with the requirements ol the Cowpanies Acl 20061'lhe 2006 Acl'l. Havlng Satisfied myself that the accounts of the Company are not requlred lo be audiled under Part le of tho 2006 Act and 81e eligible for Independent examinmlitsn, I report in respect of my examination ol your charily's aCCOLJnls as cariiod out under Seclion 145 01 the Charities Act 2011 I'lhe 2011 Act'l. In cariying out my examination I have followed the Olreclions given by Ihe Charity Commlssion under Section 145151 Ibl ol the 2011 Act. Independent •xaminerfs 8tg1om8nt Since your ch8rily's gross Income exceeded £250,000 your examiner must be 8 tll8tnber of a listed body. I can confirm that l am qualified lo underlakè th8 examination becauso l am a member of the In5tilute of Chartered Accounlanls in England and W81tr8, which is one ol the li8led bodies. I have complelod rny examinatlon. I confirm thal no m8ller8 have come lo my 811gnllon In connection with the ¢xamination givlng me cause lo believ8'. 8ccounling records were not kept In respect of the Company as reqLJlrÈd by Sgctlon 38e ol the 2008 Acl., or the accoun15 do not accord with those records., or Ihe accounts do nol comply wllh the accounting requirements ol Section 396 of the 2006 A¢1 olhgr than any requiremènt that the acctsunlj give a true and lalr v18w which is not a matter considered Ès part of an independent eK8mlnalion.' or the accounts h8v8 not been prepared In accordance th the melhodg 8nd principles of the $18lemenl ol Recomrnended Practicè for accounting and reporling by charities lapplicable lo charities proparlng their account$ In accordance wllh the Financial Reporting Sl8ndard applicable in the UK and Republic ol Ireland IFRS 10211. I havè no concgrns and have come a¢ro88 no other ma118rs in connecllon wilh the examination lo whlch allenlion should be drawn in this report in order to enable a proper understanding ol the accounlB lo be reached. J <tsCJ l R Futcher FCA Dial Square A360ciales Llrnlled Chartered Ac¢ounlanls 9 Sl George'g Y8rd Farnham Surrey GU9 7LW Dale.. 13 Page 2

Th& UK Armed Forces Wlnter Sports Assoeiation Statèment of Financlal Aettvities for thè YÈar Ended 30 September 2023 30.9.23 Unrestrted fund 30.9.22 Total lunds Notes INCOME A) ENDOWMENTS FROM DonatnS and legacies 515,711 397,689 Other Irddin9 act1vl1$ Inv6stm8nl income Olher Incomè 10,fj95 2,704 8,630 1,407 1,446 Total 529,170 409.172 EXPENDITURE ON Charllable actlvltltss Honorarlums Offlcers expenses M86tin9 expenses Genèr81 expenses Clolhlng and equlpment Event expenses Mernbershlp èxpons8 Storage 2,200 5,296 280 25.212 48 487,670 2,400 4,975 21,047 53 368,743 38 192 Tot 520,706 397,448 Nel galnslllos86sI on Inveslmenls 12,1671 13,8081 NET INCOME 6.297 7,918 RECONCILIATION OF FUNDS Total funds broughl foNMfd 232,696 224.780 TOTAL FUNDS CARRIED FORWARD 238,993 232,696 The notès form part oflheso financial st8temBnts PagB 3

The UK Amied Forces Wlnter Sports Association Balance Sheet 30 Septembar 2023 30.9.23 Unrestrfcted fund 30.9.22 Total funds Notes FIXED ASSETS Inveslrnents 34,258 36.425 CURRENT A88ETS Débtors C8sh al bank 10 136,$97 184,102 160,062 104,192 320.699 264,254 CREDITORS Amounts falling wlhin one year 1115,9641 le7,9831 NET CURRENT ASSETS 204,735 196,271 TOTAL ASSETS LESS CURRENT LIABILITIES 238,993 232,696 NET ASSETS 238,993 232,696 FUNDS Unrestrlctod lunds 12 238.993 232,698 TOTAL FUNDS 238.993 232,696 The charitable cornpany Is &nlllled lo exemptlon from audll under Secllon 477 C*f ihe Corrpanles Act 2006 for the year ondecl 30 September 2023. The rn8mber8 h8ve not roquired the company lo obt8ln an 8udll of Ils flnanclor st8lefflents for the ye8r ended 30 September 2023 In accordanc& with Secllon 478 of the CompanSes Act 2006. Thè trustees eckroedga thelr re8ponsibllitles for lal ensurlng that the charrtaN? company keep8 8ccwnllng records that comply Sections 386 387 of the Companies Act 2006 and prepartng finandal statements whlch glve 8 Iwe 8rKI frdlr viow of the state of affalrs of the charltabl8 Company as at the end of each fin8nclal year and of Its surplu$ or defidt for each financlal y6Jar in accordan¢¢ wllh the requlremenls of Se¢tions 394 ènd 395 and which otherwise comply wqth the reqU1mnIS of the Companles Act 2006 lating to financi818talements, so far as appllcabl& lo th6 charitable company. Ibl The fh8ncial slalements were approved by th8 eoard of Trustees and authorised for Issu ..23 Jsnuary 2024....... and were slgnad on118 behalf by.. on R Pialdenby- Trusleo The Th)les fom part of these finarla1 sialements Pbje 4

The UK Amied Forces Wnter Sports Assoclation Cash Flow Statement for the Year Ended 30 September 2023 30.9.23 30.9.22 Notes Cash flows from operating actlvltiés Cash g&n$Trlod from operats'ons Interest paid 82,151 14.9451 172.9381 11,0871 Nel ¢ash prOVed byllused Inl operaling actlvltiès 77.206 174,0251 Cash fflows from Investlng a¢tlvities Int8re81 received DIendS received 1,313 1,391 66 1,341 Net cosh provlded by Investlng aclivitigs 2.704 1,40Y Changa In ¢?gh and cash oqulvalenls In th8 reportln9 pO0d Cash and cash equlva18nt8 at the beglnnlng of the reportlng porlod 79,910 172.6181 1Q4,192 176,810 Cagh and cash •qulYalonty at thg *nd of the reportlng parlod 184,102 104,192 The notes form part ofthese financial stslomenls Page 5

The UK Amied Forces ter Sports Association Notss to the Cash Flow Statement for the Year Ended 30 September 2023 RECONCILIATtON OF NET INCOME TO NET CASH FLOW FROM OPERAnNG ACTIVITIES 30.9.23 30.9.22 Net incomo for tho reportlng perlod la5 per tha Statement of Flnan¢lal ActIvIes) Adlustmonts for: Losses on Investments Interest receivèd Inl8resl paid Dividends re¢elved Decreas&llincroasel Sn debtor8 Increase in creditors 6.297 7.916 2.167 11,3131 4,945 11,391} 23,465 47,981 3.808 ie61 1,087 11,3411 1101.4671 17,125 Not cash provlded byllusgd In} operatlons 82.151 172,9381 •WALYSIS OF CHANGES IN NET FUNDS At 1.10.22 Cash fft)w At 30.9.23 Net cash Cash al bank 104,192 79,910 184.102 104,192 79.910 184,102 Total 104.192 79.910 184,102 The notes fomi part of these financial staternenls Pag& 6

Th• UK Armed Forces Winter Sports Association Notes to the Flnancial Statements for thè Yèar Ended 30 September 2023 ACCOUKnNG POLICIES 8asSs of preparing tha financlal statements The financlal statements of the charllable company, which Is a public benefil enllly under FRS 102, have been prepared in accordan wih the Charitie8 SORP IFRS 1021 'Accounllng and Reporting by Charities.. Statement of Recommended Practi applle8b19 to charllies prepartng their accounts in accordance with the Financial Reporting Standard appllcable in tha UK and RepubliG of Ireland IFRS 1021 leffecllve 1 January 20191,, Financlal Reporting Standard t02 The Financlal Reporting Stan(5ard appllcable in the UK and Republlc of Ireland, and the Companies Act 2006. The financial slalemenls hav8 been prepared under the historical cost conventlon. with the excepllon of Investments whlch ar? included al market value, as mOdEd by the reValuan of cert8in 888els. Income l income Is recognlsed In the Slalemenl of Financlgl AGllville8 once thè charity has enl511emwl to the funds, it is probable Ihal Ihe income will be reGelved and the amount C8n be measured rgllably. Expendltura Liabilities are recognised as expenditur8 as scon as there Is a legal or conslruclive obll9atlon committing the charity to that 8xpenditu, 5t is probable that a transfer of economi¢ beneflls will be requlred selllemenl and the amount of the obligation can be measured reliably. Exponditure Is accounted for on an accrual8 basls and h8s been classlfied under headings that aggregate all cost relaled lo the category. Where costs cannot be dlreclly allributed to particular he8dings they have been allocated lo activities on a basis C4Jnslstenl wth the use of sOUrces. Taxallon The charlly Is exempt from corporallon18x on Its charftable acllvllies. Fund a¢countlng Unts8tricted funds cgn be used In accordarKe th the oharflable objectivès al the dIscretn of the Iruslees. Restrfotgd funds can only bo used for partlGular raslrl¢lerJ purposes thIn the object8 01 th8 charfly. Resirldlon¥ ad8e whèn speclfled by the donor or wh8n ndS arè ralsed for partIcur restrfcted purposes. Further explangtlon of the nature and purp08e of each fund is included In the notes to the flnanGlal siaternents. DONATIONS AND LEGACIES 30.9,23 30.9.22 Donatlons Grants 515,711 397,609 80 515,711 397,689 Grants recelved, Inclucled in the abovg, are as follows.. 30.9.23 30.9.22 Other gr8nls 80 OTHER TRADING ACTivmES 30.9.23 30.9.22 Recharge nrne 10,695 8,630 Page 7 continued...

The UK Arni8d Forees Winter Sports Association Notes lo the Flnanclal Statèment5- contlnued for*h8 Year Ended 30 Sept•mber 2023 INVESTMENT INCOME 30.9.23 30.9.22 Other participatlng Interests Deposit account intèrg81 1,391 1.313 1.341 66 2,704 1,407 CHARITABLE ACTIVITIES COSTS Support Costs (see nolo 61 Direct Costs Totals HOnOraUM3 Officers eXn8$ Meellng expen$¢s General exp8nsos Clothlng and equiprnenl Event expenses 2,200 5,296 280 2.200 5.296 280 25,212 48 487,670 25,212 48 487.670 495,494 25,212 520,706 SUPPORT COSTS Gov8man¢8 costs Flnan Totals General expenses 4,945 20,287 25,212 TRUSTEE8' REMUNERATION AND BEKEFITS There Mre no tw8lpo8' remuneraU¢y) or other bern1 for tha year ended 30 September 2023 noT for the year endecl 30 September 2022. Tru$t•¢s' expenses During the ye8r there were expenses of £5.57612022 . £4,975) incuffed on behalf of the trustees. COMPARATIVE8 FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslrlcted fund INCOME AND ENDOVVMENTS FROM Donet8 and legades 397,689 Other Iradlng actSvlties Investment income other iroome 8,630 1,407 1,446 Total 409.172 EXPENDITURE ON Charllable actlvltle$ HonoTariums Officers expenses General expenses Clothing and equipment Evènl expenses Membership expense storage 2,400 4,975 21,047 53 368,743 38 192 Total 397,448 Page 8 ccmtinued...

Th& UK Amied Forces Winter Sports Associatlon Not8S to tho Financlal Statoments- continued forthe Year Ended 30 Septsmb&r 2023 COMPARATIVES FOR THE STATEMENTOF FINANCIAL ACTIVITIES- ¢ontinued Unrestricted fund Nel gains1l1os5I on Investments 13,8081 NET INCOME 7,918 RECONCIUATION OF FUNDS Total funds brought forward 224,780 TOTAL FUNDS CARRIED FORWARD 232,696 FIXED ASSET INVESTMENTS Listad Investments MARKET VALUE At 1 October 2022 Revaluations 36,425 12.1671 AI 30 September 2023 34,258 NET BOOK VALUE At 30 Septert)er 2023 34,258 AI 30 Sep18mber 2022 36,429 There were no Investment assets tsutside the UK. Cosl or valuauon al 30 Sept8rnbor 202318 reprnsenled by.. Llsled Inveslmanls Valuation In 2022 Valuatlon In 2023 Co81 13.8081 12,1671 40.233 34.258 io. DEBTORS: AMOUNTS FALLING DUE WIThIN ONE YEAR 30.9.23 30.9.22 Olher debtors 136,597 160,062 Page 9 continued...

The UK Amied Forces WEnter sports Associatlon Not8$ to the financial Statements- contInd for thè Yèar Ended 30 September 2023 CREDITORS.. AMOUNTS FALUNG DUE WITHIN ONE YEAR 30.9.23 30.9.22 Other creditor8 115,964 67,983 11 MOVEMENT IN FUNDS At 1.10.22 movemenl in funds Al 30.9.23 Unrestrlct•d funds General lund 232,696 6,297 238,993 TOTAL FUNDS 232,696 6,297 238,993 Net movement In funds. Includ8d In the above a 88 follows.. Incomlng r@50urces Resources expended Galns and losses Movement in fund8 Unrestrfctod funds Gonaral fund 529,170 1520,706 {2.1671 6,297 TOTAL FUNDS 529.170 1520,7081 12,1671 6,297 Comparatlvos for movernant In fund8 Net moyoment In fun(Js At 1.10.21 Al 30.9.22 Unr8$tilcted fund$ General fund 224,780 7,916 232,698 TOTAL FUNDS 224,780 7,916 232,696 omp81ave net movement in funds, Sncluded In the abova are as follows.. ncomlng resources Rtssources expended Galns and losses Movement In fu9 Unrestrl¢ted funds General fund 409,172 {397,448} 13,8C18} 7.916 TOTAL FUNOS 409,172 1397,4481 13,8081 7,916 Page 10 wnlinued...

The UK Amied ForGe5 nter sports A5sociatlon Notes to tho Flnancial Statements- conlÉnued forthe Year Ended 30 Sept8mb&r 2023 q2. MOVEMENT IN FUNDS-¢ontinued A CUent year 12 months and prior year 12 months comblned position is as follows.. Net mov8m8nl In fijnds Al 1.10.21 Al 30.9.23 Unrestricted funds General fund 224,780 14,213 238,993 TOTAL FUNDS 224,780 14,213 238,993 A ¢urront year 12 months and prfDr yoar 12 months combined net movement In fi1ls, included In the above are as follows: Incomlng resourTr8 R880urces expended G8ins and losses Movement in funds Unr•stricted fund$ General fund 938,342 1918,1641 15,9751 14,213 TOTAL FUNDS 938,342 1918,154} 15.9751 14,213 13. REIATED PARTY DISCLOSURES There were no related party Iran88clbns for the ye8rended 30 September 2023, Page1f

UK Arrned Forces Winter Sports Association Dètailed Statemént of Financral Activiti&s for the Year Ended 30 September 2023 30.9.23 30.9.22 INCOME AND ENDOWMENTS Donations and lègaciw3 Donations Grants 515,711 397,609 80 515,711 397,689 Other trading activitSes Recharge income 10,695 8,630 Investmont Income Other partlclpaling interests Dewsit account Interest 1,391 1,313 1.341 66 2,704 1,407 Other Income Other In¢ome 1,446 Total In¢omlng rg$ourGes $29,170 409,172 EXPENDITURE Charltsble actlvltle8 Honorartums OfflGlals expenses M8eting expenses Event expenses Clolhlng and equlpmenl Mernb6rshlp exponse Storage 2.200 5,296 2,400 4,433 542 388,743 53 38 192 487,670 48 495,494 376.401 Support ¢osts Flnance Credit ¢ard charges 4,945 1.087 GOrnanCe cogt9 Wages Insurance T6lephon8 Postage and statnery Sundries Accountancy fees Lal fees Computer Costs Travel expènses 10,56e 1,094 416 923 565 1,806 1,258 1,155 2,485 9,e6e 1,161 299 500 3,371 2,280 7( 1,977 20,267 19,960 Total resou8 expended 520,706 397,448 Net Incomè 8,464 11,724 This pag& does rnt f(M part of the slaiutory fin8ncial statements Page 12