Arnied Forces Par+Snovrfsport Team Company Llmitsd by Guarantee Unaudlted Financlal Statements 31 August 2024 Chartered a¢())untsnts Unit 1. Borough House Busirnss Centro. 5 Borough Road. Rid¥n(￿. Noth Yorkshire DL10 4SX Arnwd For¢es Para4nowsport Team Flnanclal Stat•n P•rlod frryn 1 M•y 2023 to 31 Atyu•t 2024 Trt￿le8s. annual report (IrKryxalrvJ the drecW8 reF#)rt) I￿loper￿Jen1 eyamw*¢s rBWttt) trle tru5tee5 expendltsfft a¢￿unt) Statemenl of financial Fxithl Not8S to the fmand816tth)ents Th• followlnq pag•• do not pwt ol th• fln•n¢W 21 P•riod from 1 IAay 2023 to 31 W 2024 Ch•i¢¥ r•port Amied Forces ParaSnowsport Team Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {wthu•dJ Period from 1 PAay 2023 to 31 August 2024 and admlnlkntlv¢ d¢lall• Règi8t•T•d charity na Charlty rogistrauon number 1142135 Company r•gi8trnlk*n numbor 7646099 Prlnclpal 0ffi¢o and regl8t•r•d 1 Bbs%Jm Yard office E16RS Th• trustms BTvJadier A S Gwner OBE Lt Cdonel {Ret) P Spanner Major General M Pullan CBE Colonel (Retl S H Bull J D Ahrens Major (Ret) E Winfield 8rBadierA D Cox MBE ngadier (RetlF E Hargreaves OBE GHay D Tozer Mapr (Ret} S N Ro IApp¥J'nled 26 November 20231 Indep•ndent examln•r RICrwFCA UTht 1. Borough House Bu￿r*s5 Centre. 5 Borough Road, Rh*rnond. North Yorkshire DL10 4SX Structure, gov•rnanco and manag•m The Charity is administered by a committee of trustees vtho are lisied above. Risk Policy The trustees have examined the may sIrate9￿. imjsiness and operaiional r￿kS which the charity faces aThJ confirm that systems have been established to enabk regular reports to be pn)duced so that the necessary steps can be &aen to the [￿. ObJ•ctlvo8 and actlvltios 1. The prC￿0t1on of efficiency of the Armed Fiyces of Crtrwn through the t￿o￿agement support and provision of alaptNe V•4nter sports athvit*s for injured or disabled service rErsonnel. 2. The relief in need, and promotion of healthy recreation, of injured or disab* fOrn￿r SONice personnel through the encouragemenL supwt and prmion of adaptive WIrt￿ sports &liwlps. Porlod Irom 1 IAay 2D23 to 31 Auguit 2024 tr￿￿￿8 by. Snowsport T•*m P•rlod from 1 May 2023 to 31 *4u•t 2024 Twm k¢th• pwknl wwJ•d 31 hwiXQ4. ma￿￿j 9018fi￿ Il*t ¢X •0 rwJi*rnd •udit•d undw Part 16 dwrws c¥r•J ¢>A ••ckn 145 cl tho Ch￿￿•8 2011 lthe 2011 *dl. In 144SXb) of lh• 2011 ACL li51ed In 145 of th• 2011 kt. I crrfmi trot I ￿ qLAlhl•J ts •x•mlr Comp•ny Umlt•d by Guarnnts• Indepondent Exarnln•fs R•wi to 1h• Tru•t•8s al knnod FO￿ P•r P•rlod from I IAay 2023 to 31 A• 21124 tr• RICrknpF DLIO 4SX 8 JwwJ•y25 (Includlng Incm and •xp•ndltur• •c¢ P•rlod frthn 1 May 2023 10 31 *JJw 2024 Y•wto P•rlod Irvrn 1 Il•y 23 kn 31 24 30 Apr 23 28T.S)3 2.910 2S7,423 2.910 ZIO.413 270.413 3&.278 31.5f2 174,130 23.684 283.253 3)5.722 226.975 ITJ,684) 7,160 32.148 32,146 39, 3.884) 52.634 Tthal fwk1s brrrtw￿ fmwd 441.944 413,Q)3 504.943 465, St•tthTr•nt of Fln•nclal Po•lllon 31Affj24 14 1$ 11.079 274.5Ck5 16.651 314.037 Ca¥h at bank •rt1 in hwwj 191,628 180.773 190. 180,053 504.943 465,637 501.943 465,637 Fund• of th• Gh•rfty 8.651 125,495) ,934 441.944 17 YM.943 46S.637 4T1 of Act 3Xk3 r*Ung to wn81 The statement of ffinancial posill(K) continues on the follo￿ryng page. CrJmwy Llmll•d by Guarant•• 31 Awt2024 25. arn I)rt￿OI￿• trxa4rd by. Armed Forces Para-snowsport Team Company Limited by Guarantse Notes to the Financial Statements Period from 1 May 2023 to 31 August 2024 General infomulkln The ehanty is a public benefit entity and a private company lirnrted by guarantee. registered in England and Wales and a registered charity in Eng￿d and Wales. The address of the registered office is 1 Bbssom Yard. London. E16RS. Statement of cempllanc• These financi81 ststements have been pKepared in rAYn￿lan￿ FRS 102. 'The Financial Reporting Stsndard applicable m the UK and the Republi¢ of I￿land,. the Sktement of Recommended Practice applicable to chwibts prewiNJ their xcounts in accordance with the Financpl Reporting Standard applicable in the UK and Repu￿1¢ of Ireland IFRS 1021 {Charities SORP IFRS 102)) and the Cornpan￿ Act 21K￿. Accounting wlicles Ba$18 of preparation The finartial statements have teen prep*ed on the historical cost basis, as modified by the fevaluab.on of certain ffinanc￿l assets armj liabilibes and investment proF*rties measured at fair value thrO￿h tncome or expenditure. The finanaal statements are preparEd in steding. 15 Ihe functmjnal currency of the enlty. Golng ¢oncem There ￿e no material uncertainties about the chaniys abilty to conb'nue. Judg•m•nts and k•y souvces of e•timath)n unc•rtalnty The preparabon of the financial sL*ements requires management to make judgements, estimates and assumptK)ns that affect the aML￿nts rewrted. These estimates and judgements are continualty reviewed and are based ¢)n exper*nce and other factors. including exp8ctations of future events that are be￿eved tt) be reasonthle urKkr the ￿r￿mStant￿. Fund ac¢ounting Unrestri¢ted fund$ are available for use at the discrelion of the trustees to further any of the chanty's purposes Deygnated funds are unreslrthd funds earn￿rked ty the trustees for particular future proje¢t or commitment. Restncted funds are subjected lo restr￿1￿mS N their expendrture declared by the donor c through the terms of an appeal. and fall into one of bA*) sutFdasses.' reSt￿le￿ income funds or endowment funds. Arn￿d Forcas Para4nowsport Team P•rlod from 1 IA•y 2023 to 31 Auw x124 T•nglbts •M•ts 10 Amwd Forces Para4nowsport Tmm Porlod from 1 May 2023 to 31 *iu•t 2024 vduè. Iftsir th (￿￿ be ffl•gYN￿. 8$8¢ts •r• musur#l ot C4XJt ￿ Im￿lM￿rtL 11 Axmod Forcos Para4nawsport Team P•rkKI from 1 IAay 2023 10 31 ￿9￿•1 2024 r•lth. th• in*&tii)oni b5 m•awr•J 81 fw ¢*w¥Jes In f•tr v￿• 12 N•31•8 to th• FIn￿¢la1 Slat•rn•ts Parlod from 1 IAay 2023 to 31 2024 Tho l*1* ofth• rnmbw¥ o lo £1 caw alth• campwry t￿rAU￿ ￿. FurKIs Funds >J24 Z67.503 287J33 Fund6 2023 233.rJ) 23, 257,423 2.910 2,910 FundB 31.592 31.W 13 rlod fmm 1 PA•y 2023 to 31 A￿￿t 2024 F￿¢ 18B.845 212.529 14.448 23.684 728375 2032a1 207J 164.146 164.146 r%)3ts 174.130 174.130 Tatsl fundl T