**ARMED
FORCES
PARA-‐SNOWSPORT
TEAM
END
OF
YEAR
REPORT
APRIL
2021**
CHARITY
REGISTERED
NUMBER:
1142135 COMPANY
REGISTRATION
NUMBER
:
7646099
## **Armed
Forces
Para-‐Snowsport
Team
End
of
Year
Report
April
2021**
## **Chairman
Welcome**
The
2020/21
season
has
continued
to
challenge
every
aspect
of
society,
and
AFPST
is
no
exception. Our
flexibility,
agility
and
optimism
has
been
carefully
balanced
with
a
pragmatism
that
placed
the safety
of
everyone,
especially
our
beneficiaries,
at
the
forefront
of
everything
we
planned
and delivered;
and
by
goodness
this
Team
delivered.
I
continue
to
be
overwhelmed
by
how
much
our
dedicated
team
of
volunteers
and
supporters
have given
so
that
we
remain
in
a
position
to
deliver
against
our
mission.
The
provision
of
a
recovery pathway
for
wounded,
injured
and
sick
military
personnel
and
veterans
through
the
power
of competitive
snowsport
is
a
proven
model
that
continues
to
deliver
benefit
to
all
those
who
commit to
the
journey.
Our
beneficiaries
have
been
particularly
brilliant
this
year,
always
on
hand
to
help
inform
us
on
how we
can
further
adapt
our
model
to
provide
the
best
possible
provision
of
support
to
everyone; particularly
important
in
the
face
of
the
ever-‐evolving
pandemic.
All
of
this
is
made
possible
by
the professionalism
and
continued
dedication
of
a
superb
Executive
and
Management
Team.
Their ability
to
plan
and
deliver
at
pace,
safely,
is
what
sets
them
apart
and
what
makes
AFPST
such
an enduring
success
–
they
are
brilliant,
and
I
am
grateful
to
them
all.
This
charity
is
now
10
years
old and
we
remain
committed
to
the
founding
principles
which
underpin
and
guide
the
Board
of Trustees
and
the
Executive
and
Management
Team
as
we
look
to
plan
for
the
future.
Whilst
it
is
disappointing
that
the
end
of
the
year
remains
just
as
complex
and
constraining
as
the beginning,
with
little
prospect
of
a
‘return
to
normal’,
there
are
reasons
for
optimism.
I
genuinely believe
the
manner
in
which
this
team
has
adapted,
adjusted
and
delivered
in
the
face
of uncertainty
has
ensured
that
we
are
now
well
balanced
(physically
and
financially)
for
the
season ahead.
Indeed,
I
believe
given
our
recent
experiences
we
are
better
prepared
for
any
further
shocks that
may
come
along;
we
have
proven
our
resilience
and
character.
I
have
the
utmost
confidence and
belief
in
the
Executive
and
Non-‐Executive
team
and
know
that
whatever
is
thrown
at
us,
they will
continue
to
place
the
safety,
health
and
wellbeing
of
our
beneficiaries
first.
We
also
remain
indebted
to
those
who
give
their
time
freely
and
without
wishing
for
anything
in return.
The
generosity
of
our
volunteers,
partners
and
donors
is
extraordinary
and
it
never
ceases
to amaze
me
just
how
much
they
are
willing
to
commit.
I
am
extremely
grateful
for
all
that
you
do
– thank
you.
Our
ability
to
deliver
the
success
we
have
year
in,
year
out,
is
down
to
you.
We
hope that
you
continue
to
be
inspired
by
our
brilliant
beneficiaries
and
know
that
we
see
you
all
as
an integral
and
enduring
part
of
our
family.
Finally,
I
would
like
to
thank
Mr
David
Claridge
who
retired
as
Chairman
of
AFPST.
His
tireless commitment,
drive
and
positive
energy
ensured
that
AFPST
remained
anchored
in
reality
and ambitious
in
our
outlook;
I
thank
him
for
everything
he
has
done
and
know
that
he
will
remain
close the
charity
that
he
helped
shape.
As
the
2020/21
season
draws
to
a
close,
we
remain
focused
on
our vision
and
strategy
and
will
ensure
we
continue
to
promote
the
health
and
well-‐being
of
our
serving and
veteran
wounded,
injured
and
sick
community.
_Brigadier
Mark
Pullan,
Chairman
AFPST_
## **CEO
Overview**
This
season
has
been
a
year
of
challenge
and
achievements.
Strategically,
the
relationship
with GB
Snowsport
is
fast
maturing
with
a
strong
group
of
AFPST
athletes
now
on
the
cusp
of
selection for
the
Paralympic
Winter
Games
in
2022.
Our
long-‐term
partnership
with
Team
Army
and
Team Ethos
and
Leonardo’s
continues
to
flourish
and
I
am
delighted
to
report
that
our
epic
Kayaking
for Heroes
fundraising
efforts
proved
both
a
financial
and
spiritual
triumph.
We
have
successfully
completed
the
transformation
of
our
operational
model
with
a
realignment
of resources
to
high
quality
foundation
training
events
that
will
build
towards
an
international competition
between
key
allies
(UK,
US,
CAN
and
we
hope
a
few
more
nations)
in
2022. Concurrently
we
remain
committed
to
the
current
crop
of
elite
athletes
on
their
World
Cup
and Paralympic
journey.
COVID
remains
a
feature
of
all
our
lives.
We
have
successfully
navigated
this
threat
while
offering
as many
safe
opportunities
to
get
on
snow
and
transform
lives
as
possible.
We
have
continued
to embrace
a
virtual
programme
of
exciting
new
ways
to
keep
the
flame
alive
and
remain
utterly committed
to
our
mission.
Finally,
may
I
thank
those
who
continue
to
make
this
endeavour
possible;
the
athletes,
past
and present
coaches
and
management
and
every
single
supporter,
sponsor
and
donor.
_Brigadier
Andy
Cox
MBE,
CEO
AFPST_
## **The
Armed
Forces
Para-‐Snowsport
Team
Overview**
## **It’s
all
about
recovery
and
freedom
on
the
snow**
We
are
an
all-‐volunteer,
independent
service
charity
who
use
competitive
para-‐snowsport
as
a means
to
support
and
accelerate
the
recovery
of
our
wounded,
injured
and
sick
military
personnel and
veterans.
Our
experienced
team
of
volunteers
provide
adaptive
snowsport
instruction
to
those
with
a
physical or
psychological
condition,
where
help
in
recovery
can
be
achieved
in
a
competitive
sporting environment.
## **We
nurture
a
team
ethos
where
every
individual
is
important
to
us.**
Our
aim
is
to
help
restore
self-‐esteem
and
foster
a
sense
of
purpose
by
creating
an
opportunity
for every
athlete
to
experience
the
exhilarating
freedom
of
snowsport.
We
run
a
comprehensive programme
for
all
abilities
in
three
adaptive
disciplines
– **Snowboarding** , **Alpine** and **Nordic
Skiing** . Bespoke
training
is
offered
to
every
athlete,
regardless
of
ability.
Although
primarily
focused
upon providing
inexperienced
team
members
with
drive
and
purpose,
we
also
create
the
opportunity
for aspiring
athletes
to
compete
on
the
world
stage.
## **Inspiration
comes
in
many
guises….**
When
it
comes
to
our
athletes,
every
single
one
of
them
offers
a
unique
insight
into
how perseverance
and
bravery
can
get
you
through
the
most
difficult
of
times.
Collectively
and individually,
they
are
all
quite
simply
inspirational.
**Put
yourself
in
their
boots…..**
Can
you
imagine
tackling
a
slalom
run
at
70km
an
hour
with
grace
and
precision,
when
completely blind?
How
about
operating
a
sit-‐ski
on
a
Nordic
trail
with
only
your
arms
to
propel
you
along? Would
you
dive
down
the
steepest
mogul
field
on
your
snowboard,
with
both
your
lower
legs missing?
How
do
you
ski
at
all
when
you
are
battling
with
PTSD,
a
condition
that
can
be
triggered
at any
moment?
Our
athletes
can.
It
is
their
bravery
and
fighting
spirit
that
makes
our
snow
family
so
special.
We
offer
them
a
chance to
experience
independence
and
freedom
on
snow.
In
return,
they
astound
us
with
their
personal achievements
both
on
and
off
the
slopes.
To
push
boundaries
and
to
taste
success
helps
us
all achieve
great
things
in
life.
Our
athletes
are
testament
to
that.
‘I
can
now
truly
say
that
I
have
got
the
fire
in
my
belly
back
and
I’m
feeling
part
of
something
again
– a
team
and
a
family.
_Troy
Connor
–
Para
Nordic
Athlete_
## **We’re
not
just
about
being
on
snow….**
Pulling
together
as
a
team
isn’t
just
for
the
winter
season,
a
theory
that
has
been
tested
fully
over the
last
year.
It
is
fair
to
say
that
2020
has
not
panned
out
quite
as
we
originally
planned.
Like everyone
else,
we’ve
had
to
find
new,
innovative
ways
to
stay
in
touch
with
our
wider
snow
family. We’ve
tried
all
sorts
to
keep
spirits
up
-‐
from
quiz
nights
to
branded
face
masks.
We
launched
the ‘AFPST
Let’s
Get
Active’
in
partnership
with
Battle
Ready
360 https://battleready360.co.uk and
Ollie Ollerton.
The
aim
is
to
help
deliver
health
and
well-‐being
sessions
for
all
our
athletes
and
staff.
Every participating
athlete
has
received
a
Battlebox,
containing
key
fitness
equipment
and
access
to
some awe-‐inspiring
workout
sessions,
to
help
maintain
fitness
and
keep
spirits
up
during
lockdown.
Despite
restrictions,
our
Performance
Teams
have
remained
active
on
the
slopes,
their
sights
still firmly
fixed
on
the
Paralympics
in
2022.
“AFPST
continues
to
have
an
enormous
impact
on
my
recovery.
Having
a
goal
to
focus
on
has
made a
huge
difference
to
my
morale.
Prior
to
the
charity’s
involvement,
I
was
forever
being
told
I
couldn’t do
things.
The
AFPST
has
proved
I
can”.
_Senior
Aircraftman
Shona
Brownlee
–
Para
Alpine
Athlete_
## **Kayak
4
Heroes
make
a
splash
for
AFPST**
Four
of
our
intrepid,
incredibly
fit
and
determined
athletes
have
decided
to
take
the
world ‘challenge’
and
move
it
up
a
notch
or
two.
In
June
2021,
the
Kayak
4
Heroes
team
intends
to navigate
some
of
the
UK’s
most
challenging
waters
in
a
bid
to
paddle
from
Land’s
End
to
John O’Groats
by
Kayak
–
a
distance
of
1,400
kilometres.
They
have
set
a
target
to
raise
over
£100,000 for
the
AFPST
and
we
are
enormously
proud
of
them.
## **Financial
Review**
AFPST
continues
to
operate
its
own
bank
accounts
in
the
UK,
maintaining
full
accounting
records
and utilising
a
system
of
pre-‐loaded
Mastercards
(provided
by
Equals)
to
help
control
the
majority
of
the spend.
Under
the
direction
of
the
CFO
the
management
group
have
conducted
a
4-‐year
financial
planning exercise;
building
the
income
base
in
line
with
the
increasing
demands
of
the
beneficiaries
in
the three
disciplines.
The
finance
committee
and
management
group
meet
quarterly
to
forecast
and control
the
spend
and
monitor
the
income.
Under
the
detailed
control
of
the
Head
of
Finance
a tightened
and
transparent
financial
control
mechanism
is
now
in
place.
## **Supporters
and
Donors**
In
order
to
operate
effectively,
we
remain
heavily
reliant
upon
the
support
of
our
military
charity partners,
donors
and
grant
givers.
We
are
hugely
grateful
for
the
donation
of
vital
funds,
resources and
networking
capabilities,
all
of
which
enable
us
to
support
our
athletes
on
their
recovery pathway.
We
would
like
to
thank
everyone,
especially
the
Scott
Erdine
Trust,
Positive
Pathways Grant,
Veterans
Foundation,
ASCB,
Team
Army
and
LIBOR
for
their
support
and
look
forward
to working
closely
with
the
m
in
the
future.
We
really
appreciate
the
energy
and
passion
of
those
that
take
on
incredible
challenges
and
events in
order
to
raise
awareness
and
funds
to
support
us.
This
year
has
been
no
exception,
with
beginning to
gain
momentum
and
will
be
delivered
in
the
next
financial
year.
## **Partnerships
are
vital
to
our
delivery**
Our
enduring
military
partnership
has
been
key
to
accessing
some
extraordinary
training opportunities
this
year.
Their
funding
commitments
through
the
Army
Sports
Control
Board,
AWSA and
Team
Army
have
all
ensured
a
full
and
varied
programme
for
our
deserving
athletes.
Our
long-‐ standing
partnership
with
GB
Snowsport
continues
to
flourish,
with
a
number
of
our
athletes benefiting
from
some
key
coaching
and
support
as
they
embark
on
the
Paralympic
pathway
for 2022.
## **Without
our
willing
volunteers,
we
could
not
operate,
so
thank
you.**
As
an
all-‐volunteer
charitable
organisation,
we
are
forever
grateful
for
the
time
and
commitment
of our
Board
and
staff.
There
are
many
more
individuals
who,
moved
by
our
cause,
have
offered
their expertise
to
enhance
our
reach,
awareness
and
delivery.
This
includes
the
wonderful
videos
from John
Holden,
the
marketing
support
from
David
Nossitor
and
Nicola
Irving
and
the
administrative support
from
Reed
Smith.
## **Finance
Processes**
Details
of
our
financial
processes
are
set
within
the
Finance
Directive,
reviewed
annually
by
the
CFO. This
document
provides
the
financial
governance
for
AFPST
and
empowers
the
Finance
Committee to
act
upon
the
strategy.
The
Finance
Committee
drives
the
financial
planning,
management
and
reporting
for
both
'in-‐year' and
the
broader
strategic
financial
programme.
Its
principal
outputs
are:
- 4-‐year
detailed
budget
proposal
for
agreement
by
the
Board
of
Trustees.
- Preparation
of
draft
accounts
for
submission
to
the
Board
of
Trustees.
- IY
quarterly
review
of
team
accounting
procedures,
checks
and
balances.
- Input
to
the
AFPST
Board
on
all
financial
matters.
## **Bank
Accounts**
AFPST
operates
three
bank
accounts
and
one
corporate
card
account
with
Equals.
The
bank accounts
are:
- RBS
Sterling
Current
Account.
- RBS
interest
earning
Sterling
Sweeper
Account.
- RBS
95-‐day
deposit
account.
## **Audit
and
Overall
Financial
Position**
An
independent
examination
of
accounts
is
made
at
the
end
of
each
financial
year
(30th
April)
by
a qualified
accountant,
whose
report
is
submitted
to
Companies
House
and
to
the
Charity
Commission with
the
accounts.
This
examination
is
currently
conducted
by
Col
DJ
Rutherford
MBA
FCMA
CGMA, and
his
report
is
attached.
The
amount
of
free
reserves
or
income,
freely
available
to
the
charity
at
the
time
of
the
independent examination,
was
£500399
The
amount
of
money
being
carried
forward
this
year
is
in
line
with
the
charity’s
objective
of building
the
three
disciplines
while
securing
appropriately
scaled
reserves.
## **Future
Intentions**
AFPST
intends
to
build
upon
the
strong
relationships
we
have
with
our
donor
and
trust
foundations. Concurrently
we
must
continue
to
invest
energy
and
time
into
an
annual
Gala
Dinner
and
fund raising
challenge.
The
target
for
the
next
four
years
is
to
raise
an
enduring
<£216K
per
year
to
meet
the
current demand
and
allow
us
to
maintain
the
enhanced
levels
of
activity
and
support
to
our
beneficiaries
for the
long-‐term,
while
concurrently
growing
sufficient
reserves
such
that
the
charity
will
be
able
to meet
the
future
commitments
we
have
made
to
our
beneficiaries
at
the
beginning
of
each
financial year.
Throughout,
spend
will
be
prudently
planned
and
controlled
to
provide
the
maximum,
sustainable benefit
to
as
many
beneficiaries
as
possible
## **Going
Concern**
The
Directors
consider
that
Armed
Forces
Para-‐Snowsport
Team
(AFPST)
remains
a
Going
Concern and
have
no
reason
to
suspect
that
this
status
will
change
during
the
forthcoming
year.
**Independent
examiner’s
report
to
the
trustees
of
the
Armed
Forces
Para-‐Snowsport
Team
-‐ Charitable
Company
(‘the
Company’)
Number
7646099**
I
report
to
the
charity
trustees
on
my
examination
of
the
accounts
of
the
Armed
Forces
Para-‐ Snowsport
Team
for
the
year
ended
30
April
2021.
## **Responsibilities
and
basis
of
the
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’).
The
trustees
consider
that
an
audit
is
not
required
for
this year
under
section
144
of
the
Charities
Act
2011
(‘the
2011
Act’)
and
that
an
independent examination
is
needed.
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
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
the
Company’s
gross
income
exceeded
£250,000
your
examiner
must
be
a
member
of
a
body listed
in
section
145
of
the
2011
Act.
I
confirm
I
am
qualified
to
undertake
the
examination
by
being a
member
of
the
Chartered
Institute
of
Management
Accountants,
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.
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.
Colonel
D
J
Rutherford
MBA
FCMA
CGMA Defence
Business
Services Centurion
Building Gosport
Hampshire PO13
9XA
20[th] December
2021
**Statement
of
Financial
Activities
for
Armed
Forces
Para-‐Snowsport
Team COMPANY
NUMBER:
7646099**
**for
the
year
ended
30
April
2021
incorporating
an
Income
and
Expenditure
Account**
||**Notes**|**2020/21**
**£**|**2019/20**
**£**|
|---|---|---|---|
|**Incoming resources**||||
|Voluntary income|2|303111|493643|
|Investment income|2|912|1991|
|||||
|**Total incoming resources**||**304023**|**495634**|
|||||
|**Resource expended**||||
|Costs of generating voluntary
income|3|25349|44707|
|Charitable activities|4|83639|299440|
|Governance costs|5|11592|8305|
|||||
|**Total resources expended**||**120580**|**352452**|
|||||
|**Net income for the year**||**183443**|**143182**|
|||||
|Depreciation of Fixed Assets|8|(2568)
|(14284)
|
|||||
|**Net movement in funds**|9|**180875**|**128898**|
|||||
|**Reconciliation of funds**||||
|Total funds brought forward||332989|204091|
|**Total funds carried forward**||**513864**|**332989**|
The
Statement
of
Financial
Activity
includes
all
gains
and
losses
in
the
year.
All
incoming
resources and
resources
expended
derived
from
continuing
activity.
## **Balance
Sheet
as
at
30
April
2021**
|
|**Notes**|**2020/21**
**£**|**2019/20**
**£**|
|---|---|---|---|
|**Total fixed assets**|8|**13465**|**10273**|
|||||
|**Current assets:**||||
|Debtors||0|0|
|Pre-Payments||0|0|
|Cash in bank and in hand||500399|322716|
|**Total current assets**||**500399**|**322716**|
|||||
|**Liabilities**||||
|Creditors: amounts falling due within one year||0|0|
|||||
|**Net current assets or liabilities**||**500399**|**332716**|
|||||
|**Total assets less current liabilities**||**513864**|**332989**
|
|||||
|**Total charity funds**||**513864**|**332989**|
The
accounts
for
the
year
ending
30
April
2021
were
prepared
in
accordance
with
the
special provisions
in
Part
15
of
the
Companies
Act
2006
relating
to
small
companies,
namely:
For
the
year
in
question
(2020/21),
the
company
was
entitled
to
exemption
(from
the
requirements relating
to
preparing
audited
accounts)
under
Sections
475
and
477
of
the
Companies
Act
2006 **.**
No
Member
or
Members
entitled
to
do
so
have
deposited
a
notice
requesting
an
audit
within
the specified
time
period;
and
The
directors
acknowledge
their
responsibilities
for
complying
with
the
requirements
of
the Companies
Act
2006
with
respect
to
accounting
records
and
for
preparing
accounts,
which
give
a true
and
fair
view
of
the
state
of
affairs
of
the
company
as
at
the
end
of
the
financial
year,
and
of
its
profit
or
loss
for
the
financial
year
in
accordance
with
the
requirements
of
Sections
394
and
395 (duty
to
prepare
individual
company
accounts
and
applicable
accounting
framework),
and
which might
otherwise
comply
with
the
requirements
of
the
Companies
Act
2006
relating
to
accounts,
so far
as
applicable
to
the
company.
Approved
by
the
Board
of
Trustees
14
January
2022
and
signed
on
its
behalf
by:
Mark
Pullan AFPST
Chairman
## **Notes
forming
part
of
the
Financial
Statements
for
the
year
ended
2020/21**
## 1. **Accounting
Policies**
The
principal
accounting
policies
are
summarised
below.
The
accounting
policies
have
been
applied consistently
throughout
the
year:
1.1 **Accounting
Convention** .
The
financial
statements
have
been
prepared
in
accordance with
the
accounting
policies
set
out
in
notes
to
the
accounts
and
comply
with
the
charity’s governing
document,
the
Charities
Act
2011
and
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 published
on
16
July
2014.
1.2 **Fund
Accounting** .
The
Charity
holds
an
unrestricted
General
Purpose
Fund.
This
fund can
be
used
at
the
discretion
of
the
Trustees
to
further
the
objectives
of
the
Charity.
The Charity
currently
has
no
designated,
restricted
or
endowment
funds.
1.3 **Incoming
Resources** .
All
incoming
resources
are
included
on
a
receipts
basis.
Voluntary
income
is
received
in
the
way
of
grants,
donations
and
gifts
and
is
included
in
full
in the
Statement
of
Financial
Activity
(SOFA)
when
receivable.
Donated
services
and
facilities
are
included
at
the
value
to
the
Charity
where
this
can
be quantified.
The
value
of
services
provided
by
volunteers
has
not
been
included
in
these accounts.
1.4 **Resources
Expended** .
Expenditure
is
recognised
on
a
payments
basis.
Expenditure includes
any
VAT
that
cannot
be
fully
recovered,
and
is
reported
as
part
of
expenditure
to which
it
relates:
Cost
of
generating
funds
comprise
the
costs
associated
with
acquiring
voluntary
income. Charitable
expenditure
comprises
those
costs
incurred
by
the
Charity
in
the
delivery
of
its activities
and
services
for
its
beneficiaries.
It
includes
both
costs
that
can
be
allocated
directly to
such
activities
and
those
costs
of
an
indirect
nature
necessary
to
support
them.
Governance
costs
include
those
costs
associated
with
meeting
the
constitutional
and
statutory requirements
of
the
Charity.
They
include
the
costs
linked
to
the
strategic
management
of
the charity.
1.5 **Fixed
Assets** .
The
cost
of
additions
to
Fixed
Assets
are
not
capitalized
for
single
items with
a
value
below
£2000.
Depreciation
is
calculated
at
a
rate
to
write-‐off
of
the
cost
of
an asset
over
its
useful
economic
life.
The
expected
useful
life
of
the
fixed
asset
(minibus)
brought forward
from
the
previous
period
has
been
revised
and
reflected
in
this
year’s
accounts.
2. **Incoming
Resources.** The
Charity
relies
almost
entirely
on
donations
and
other
support
to fund
charitable
activities.
In
addition
to
support
from
corporate,
individual
donors
and
personal contributions,
grants
have
been
received
from
a
number
of
Service
charities
to
assist
with
both
the procurement
of
equipment
and
to
support
the
charity’s
development.
A
small
amount
of
investment income
is
received
in
the
form
of
bank
interest.
3. **Cost
of
generating
funds.** The
figure
reflects
the
funds
utilised
in
securing
donations
and sponsorship.
4. **Charitable
Activities.** These
are
the
costs
relating
to
the
team
travelling
to
training
and competition
events,
accommodation,
lift
passes
and
other
team
costs.
Expendable
property
and maintenance
of
capital
property
used
by
the
team
are
charged
to
this
category,
as
are
direct
support costs.
5. **Governance
Costs** .
These
are
costs
associated
with
running
the
charity
and
include
legal expenses
and
insurance
costs.
6. **Trustee
Remuneration
and
Related
Party
Transactions** .
No
member
of
the
Trustee
Board received
any
remuneration
during
the
year.
A
nominal
payment
is
made
to
one
Trustee,
but
this
is for
her
work
for
the
charity
as
its
Chief
Operating
officer
7. **Taxation** .
As
a
charity,
Armed
Forces
Para-‐Snowsport
Team
(formerly
Combined
Services Disabled
Ski
Team)
is
exempt
from
tax
on
income
and
gains
falling
within
section
505
of
the
Taxes
Act 1988
or
s256
of
the
Taxation
of
Chargeable
gains
Act
1992
to
the
extent
that
these
are
applied
to charitable
objectives.
No
tax
charges
have
arisen
in
the
Charity.
## 8. **Tangible
Fixed
Assets**
|**Cost**||
|---|---|
|Balance brought forward|30817|
|Additions|5760|
|Disposals|0|
|**Balance carried forward**|**36577**|
|||
|**Accumulated depreciation**||
|Balance brought forward|20544|
|Disposals|0|
|Charge for year|2568|
|**Balance carried forward**|**23112**|
|||
|**Net book value**||
|Brought forward|10273|
|Carried forward|**13465**|
9. **Movement
in
funds**
|9.
**Moveme**
|**nt in funds**||||
|---|---|---|---|---|
|**As at 1 May**
**2020**
**£**|**Adjustment**
**£**|**Incoming**
**Resources**
**£**|**Outgoing**
**Resources**
**£**|**As at 30 April**
**2021**
**£**|
|332989|0|304023|123148|513864|
The
AFPST
currently
has
no
designated,
restricted
or
endowment
funds.
ARMED
FORCES
PARA-‐SNOWSPORT
TEAM
CHARITY
REGISTERED
NUMBER:
1142135
COMPANY
REGISTRATION
NUMBER
:
7646099
REGISTERED
OFFICE
ADDRESS:
The
Broadgate
Tower,
Third
Floor,
20
Primrose
Street, London,
EC2A
2RS
CHAIRMAN:
Brig
Mark
Pullan
MBE
CIO
BOARD
OF
TRUSTEES: Brig
Andy
Cox
MBE,
CEO Maj
(Retd)
Elizabeth
Winfield
COO Brig
Mark
Pullan
MBE
CIO Mrs
Jill
Ahrens
CFO Lt
Col
Andy
Garner Brig
Fred
Hargreaves
OBE Mr
Clive
Jecks Lt
Col
(Retd)
Spencer
Bull Lt
Col
(Retd)
Paul
Spanner
COMPANY
SECRETARY:
Reed
Smith
Corporates
Services
Limited
INDEPENDENT
EXAMINER:
Lt
Col
Rutherford
AGC
(SPS)
FCMA
CGMA
Bankers
BANK
ACCOUNT:
Royal
Bank
of
Scotland,
Holts
RBS
branch
SOLICITORS:
Reed
Smith
LLP,
The
Broadgate
Tower,
20
Primrose
Street,
London,
EC2A
2RS