COMPANY REGISTRATION NUMBER: 7646099
CHARITY REGISTRATION NUMBER: 1142135
Armed Forces Para-snowsport Team
Company Limited by Guarantee
Unaudited Financial Statements
31 August 2025
Rl
cc
Charlered accountants
Unit 1, Borough House Business Centre,
5 Borough Road, Richmond,
North Yorkshire
DL10 4SX

Armed Forces Para4nowsport Team
Company Limited by Guarantee
Financial Statements
Year ended 31 August 2025
Page
Trustees. annual report (incorporating the directorfs report)
Independent examine¢s report to the trustees
Statement of financial activities (induding income and
expenditure account)
Statement of financial position
Notes to the financial statements
The following pages do not forni part of the financial statements
Detailed statement of financial activities
Notes to the detailed statement of financial activities
20
21

Armed Forces Para4nowsport Team
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report)
Year ended 31 August 2025
The trustees, ￿ are also the iJire¢lors for Ihe purposes of company law, present their ￿port and the
unaudited financial ststements of the charity for the year ended 31 August 2025.
Chairfs report
Chaiman Welcome
The Amied Forces Par&Snow5rx)rt Team (AFPST) conlinues to deltver a unique recovery palhway for
wounded, injured, and sick milrtary personnel and veterans. As the Chaimian of the Board, l am
honoured to lead such a dediczted team that is passionate atx)ul making a p051bve impact on this
most deserving and inspiring community. The progress made are superb a￿1 the achievements more
than we could have hoped for.
We have delivered the sustaina￿e. effioent arKI effective prrNJramme. which was absolutely in line
th the strategy our Board endorsed in 2021." a necessary pivot to mitigate sever21 long term financial
risks that we were facing. The progiamme this year has built on previous years. success and allowed
us to scale up to support more benefictaries than ever before, which is a remarkable tumaround in just
48 months.
Looking ahead I remain hugety opb"mistic. I belEve we are beginning lo identify tnore opportunib'ès lo
support greater numbers of beneficiarEs within the programme. Before any big decisions are made,
and to avoid over commiiting our resource. it is right that we take Ihe b.me to review our strategy to
ensure we can meet any increase in demar￿ both demand safely. and %vithin our financial constraints.
The relationships we have our sponsors and parts)ers Continues to strengthen as th6y Wltness the
positive impact of our programmes. We are 50 grateful for their continued support and a￿ alwa
looking to engage new supporters who share our Msion. l extend my heartfelt thanks to our sleadfast
supporters such as Ailen and Overy. Veteran's Foundation. Team For￿. A51ute, and the Invictus
Foundation for their unwavering commitment to our cause.
I want lo emphasi5e that we are exceeding expedab.ons in our delivery. I must acknowledge and
thank the eX￿ptiOnal Executive and Non-Executive team members of AFPST. whose de¢Jication and
belief in our mission drives our su¢¢ess. We are immensely grateful and proud of our brilliant
volunleers and partners who generousty give their time and resources to support our work. Their
selfless contribukn.ons are invaluable and inspire us to continue strmng for ex￿llen￿ in our
pyogrammes.

Armed Forces para￿nOWsp0rt Team
Company Limtted by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (con#nu
Year ended 31 August 2025
Reference and admlnistralive detalls
Registored charity name
Armed FOr￿S Par&SnoWspC￿ Team
1142135
Charity registration number
Company reglstration number 7646099
Principal officè and rngistered 1 Blossom Yard
office
4th Fjoc
London
E16RS
The trustees
Brigadter A S Gamer OBE
Lt Colonel {Ret) P Spanner
Major General M Pullan CBE
Colonel IRetl S H Bull
J D Ahrens
Major IRot) E Winfield
BrigadierA D Cox MBE
Brigadier IRet}F E Hargreaves
OBE
GHay
D Tozer
Major (Retl S N Roffey
(Resigned 8 May 2025)
(Resigned 15 July 20251
(Resigned 13 July 2025}
(Resigned 28 February 20251
Independent examiner
R I Crisop FCA
Unit 1. Borough House Business Centre.
5 Borough Road. Ri¢hmond.
N(Kth Yorkshire
DL10 4SX
Structure. governanco and managernent
The Charty is administered by a C￿MM[1tee of trustees who are listed above.
Risk Policy
The trustees have examined the major strategic. business and operab.onal risks which the charity
faces and confirm that syBtems have been estsblished to enable regular reports to be produced so that
the necèssary steps can be taken lo lessen the risks.
Objectives and a¢tivitigs
1. The promotion of effic*ncy of the Armed For￿$ of the Crown through the encouragement, sUPPOrt
and provision of adaptive winter Sp￿t$ activibes for injured or dÈsabled Servi￿ personnel. 2. The relief
in need, and promotion of healthy recreation. of injured or disabled fomer serwce personnel through
the encouragemertrt. support an¢J provision of adap￿'ve wnler sports activities.

Armed Forces Para-snowsport Team
Company Limited by Guarantee
Trustees. Annual Report {Incorporating the Dlrectorfs Report) (continu8dJ
Year ended 31 August 2025
Achi•vemgnts and perfoTmance
We continue lo supwrt the recovery of (￿r vK)unded. injured and sick military personnel and veterans
through the restorative power of comrEtitive snOv￿￿rt. As an indepelldent ser￿￿ charity, our
dedicated team of volunteers prowde adaptive snowsport instruction lo those wilh physical and
psychological conditions. The CO￿petitsVe SFKJrting environment enables our athletes to achieve
easurable success in several disctpl1t￿s. Although wiFnarily focused upon providing an opportufiity to
oiexperienced team members to acquire new skills arKI purpose. we also provide the opport4Jnity for
athletes to compet& on the"world slage.
Financial review
The trustees are satisfied wrth the finan¢wl p05iboM of the charity.
Investment policy
The trustees have the power to invest in such stocks. shares. investments and property in the UK as
they see fit.
Reserves policy
11 is the policy of the charFty to maintain unrestricted fttnds, which are the free ￿SerVeS of the charity, al
a lèvel that equates to approximatety four months unrestricted expenditure. This provides sufficient
funds lo cover management and adminis1rat1c￿ and SLFPPOrt CLists. unresth.cted funds were maintained
in eX￿s$ of th4s level throughout Ihe periL¥I.
Small company provisions
This report has been prepared in accordan￿ ￿th the provisions applicable to companies entitled to
the $￿all ¢ompanies exemption.
The trustees, annual report was approved on 16 February 2026 and signed on behalf of the tKJard of
trustees b￿.
Major Gen8ral M Pullan CBE
Trustee

Armed Forces Para4nowsport Team
Company Limited by Guarantee
Independent Examlnerfs Report to the Trustees of Armed Forces Para-
Snowsport Team
Year ended 31 August 2025
I report to the trustees on my examination ofthe financial statements of Am)ed FOr￿S Para-snowsport
Team Ilhe ¢harity) for the year ended 31 August 2025.
Responsibilities and basls of report
As the tnjslees of the company land also its directors for thè purposes of company lawl you are
responsible for the preparation of the financial statemenls in ￿)rdan￿ wilh the requirements of the
Companie5 Act 2006 Ilhe 2006 Acl'l.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16
of the 2006 A¢1 and are eligible for independent examination. I report in respe¢t of my examination of
the charitys accounts as carried out under se¢b"on 145 of the Charities Act 2011 {'the 2011 Acl'l. In
carfyTng out my examination I have folk)wed the Directions given by the Charity Commission under
section 145151{bl of the 2011 Act.
Independent examinerfs statement
Since the d)aritys gro￿ income exceeded £250.000 Jvur examiner must bo a member of a t)ody
listed in section 145 of the 2011 Act. I confirm that l am qualtfied to undertake the examination
because l am a member of the Institute of Chartered Accountsnts in Erkgland and Wales IICAEW),
which is one of the listed bodies.
I have completed my examination. I confimi that no matters have Come to my attention in ¢onne¢tion
with the examinats.on giving me rause to believe."
accounting rÈci)rds were not kept in resPErt of the Charity as required by section 386 of the
2(M)6 AGt,' or
the finan￿al statemen15 do not accord with those recort15,' or
the financial statements do not comply with the accounting requirements of secb'on 396 of
the 2006 Act other than any requirement that the acwnts give a 'true and fairf view ￿1¢h is
not a matter considered as part of an independent examination,. or
the financial statements have not been prepared in accordance with the methods and
principles of the Statement of Recommended Practi￿ for accounting and reporting by
charities applicable to charities p￿paring their accounts in accordance with the Financial
ReFK)rttng Standard applicable in Ihe UK and Reptjblic of Ireland IFRS 102}.

Armed Forces Para-snowsport Team
Company Limited by Guarantee
Independent Examinerfs Report to the Trustees of Arnied Forces Para-
Snowsport Team (¢oiJtintsed)
Year ended 31 August 2025
I have no con¢ems and have come across no other matters in tr￿nectiOn ￿ th& examinalK)n to
which attention should be drawn in this rew)rt in {￿der to enabie a proper undw5tanding of the
accounts to be reached.
R I Crisop FCA
Independent Exa￿•￿er
Unil 1, Borough House BUS1r￿ Centre.
5 Borotjgh Road. Richmond,
North Yorkshire
DL10 4SX
16 Feb26

Armed Forces Para4nowsport Team
Company Limited by Guarantee
Statement of Financial Activities
{including income and expenditure account)
Year ended 31 August 2025
Period from
fMay2310
31 Aug 24
Year to 31 Aug 25
unrestn.cted
Restricted
funds
funds Total funds
Total funds
Note
Income and endowments
Donations and legactes
Investment income
304,102
2.758
95.130
T15
399.232
3,533
402,765
267.503
2,910
270,413
Total income
3r￿.860
95,905
Expenditure
Expenditure on raising funds..
Costs of raising donations aThl
legacies
Expenditure on charitable activities
Total expendtturè
95.112
313.333
408.445
95,112
353,712
36.278
226,975
263,253
40,379
40,379
448,824
Nèt {exponditure)fincoma
{101.585}
55,526
146,0591
7,160
Other recognised gains and 10s5e5
Gains from revaluation of fixed assets
Net movemènt in funds
34.953
166.632)
34.953
111,1061
32,146
39,306
55.526
Reconciliation of funds
Totsl funds brought forward
Total ftsnds ￿rrIed fonvard
SM.934
465,637
504,943
438.302
55.535
493,837
The ststemenl of financial activit*5 indudes all gains and losses recc¥Jnised in the year.
l income and expenditure derive from Continui￿ athibes.
The note5 on pagas g to 18 lorrn part ofthese financial statsments.

Armed Forces Para-snowsport Team
Company Limited by Guarantee
Statement of Financial Position
31 August 2025
2025
2024
Flxed assets
Tangible fixed assets
Investments
14
15
3,693
291.604
7,386
306,651
314,037
295.297
Current assets
Cash at bank and in haTh
199,260
191,626
Creditors.. amounts falllng due within one year
Net Current assets
Total assetsloss cuTrent liabllities
Net assets
16
720
720
198,540
190,906
493,837
493,837
504,943
504,943
Funds of the charity
Restricted funds
Unrestricted funds..
Revaluation reserve
Other unrestricted income funds
Total unrestricted funds
Total charity funds
55.535
41,604
396.698
6,651
498.283
438.302
504,934
17
493,837
504.943
For the year ending 31 August 2025 the charity was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Oireclors, responsibilities-.
The members have nol required the company to obtain an audil of its financial statements for the
year in question in accordance with section 476-
The d1￿CtorS acknowFedge thèii responsibilities for cOmp￿ng wtth the requiremerTrts of Ihe Act
with reS￿¢t to accounting records and the preparatton of financial stslemenls.
These finanGial statements have been prepared in accordance Ihe provisions applicable to
companies subje¢t lo the small compani&s' regime.
The statement of financial position
continues on the following page.
The notes on pag85 9 to 18 fom) part of these financral stat•ments.

Armed Forces Para-snowsport Team
Company Limited by Guarantee
Statement of Financial Position (¢onttnu8dJ
31 August 2025
These financial ststements were apwoved by the board of twstees and authorised for issue on 16 Feb
26, and are s￿ne￿ on behall of the EM)ard by.
Major General M Pullan CBE
Trustee
The notes on pages 9 to 18 fomi part of these financial statements.

Armed Forces Para-snowsport Team
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2025
General Infomiation
The charity is a public benefit entity and a Private COTnpany limited by guarantee. registered in
England and Wales and a registered charrty in England and Wales. The address of the registered
Offi￿ is 1 Blossom Yard, 4th FlcK)r, Lorvjon. E16RS.
Statement of compliance
These financial statements havè been p￿pared in Complian￿ with FRS 102, The Financi81
Reporting Stsndard appliczble in the UK and the Republic of Ireland.. the Slalemenl of
Recommended practi￿ applicable lo chartbes preparing their accounts in accordancè wth the
Financial Reporting Star￿ard applicable in the UK and Republic of Irelaftd IFRS 1021 (Charities
SORP IFRS 10211 and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the hisloriral cost basis. as m¢Aified by the
revaluation of certain financial assets and liabiltties arml investment F￿0per￿.es measurgd al fair
value through income or expenditure.
The financial ststements are prepared in sterfing. which is the funth.onal currency of Ihe entity.
Going concern
The￿ are no material uncertainth.es about the Charitys abilty to continue.
Judgements and key sources of 8stimation uncèrtainty
The preparation of the fJnan¢ial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors. inclu¢Jing expeGtations of
future events that are beI￿Ved to be reasonable u￿￿er the cir(JJrnstan￿.
Fund accountlng
Unrestricted funds are 8vailable for use at Ihe drsCrets"C￿ of the twstees to further any of the
Charitys purFKJses.
Designated funds are unrestricted furmls eamiarked by the trustees particular fuiure project or
commitment.
Restricted funds are subjected to restricbons on their expenditure deCla￿d by the donor or
through the temis of an appeal, and fall into one of Sul￿aSseS- restricted income funds or
endowment funds.

Armed Forces Para4nowsport Team
Company Limited by Guarantee
Notes to the Financial Statements (conUnu6dJ
Year ended 31 August 2025
A¢countlng policies {conATnu8d)
Incoming resources
l incoming resources are induded in the stslement of financial actniities when enlillement has
passed to the charity, it is FKcthble that the economi¢ benefits associated wth the transaction will
ftow to the chaTity and the amount can be rdiably measured. The folbw.ng specific policTres are
applied to particular categories of iruJme-
income from donations or grants is recognised when there is eVIden￿ of entrtlement to the
gifL receipt is probable and its amount can ￿ measured reliably.
legacy income is recognised when receipt is probable and entttlemenl is established.
income from donated go(Mls is measured al the fair value of the goods unless this is
rmpracb.cal to measure reliAbty, in which case the value is derived from the cost lo the donor
or the esb'maled resale value. Donated facilities and serwces are recognised in the accounts
when re¢eive(l rf the value be reliatAy measur&l. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of servrces is re￿nISed the delivery of the
contracted service. This is cL4ssffied a5 untestricted lunds unless there is a coTrlra¢tual
requirement for it lo be S￿￿1 on a particular purpose and re￿rned rf unspent, in v4hich case
it may be regarded as restricted.
Resourcès expended
Expenditu￿ is recognised on an accruals basi5 as a liability is incurred. Expendifure includes any
VAT which cannot ￿ fully recovered. and is classtfied under headings of the statement of
financial actiwti.es to which it relates..
expenditure on raising fvnds indudes the costs of all fundraisirkg ath"vities. events, non-
charrtable trading actiwbes. and the sale of donated go(Kfrs.
expenditure on ch2ritable activities includes all costs ift(JJrred by a charity in undertaking
activities that further its charitable airT)s for the b6nefrt of its beneficiaries. including those
support costs and costs relatirwJ to the govemance of the chanty apports.oned tr> charitable
activities.
other expenditure includes all expendtture that is neither related to raising funds for the
¢harity n(K part of its expendsture on charitable aclivits'es.
All costs are allocated to expendiiure rategcwres refleth.ng the us8 of the resource. Direct costs
attributsble 10 2 single a¢livily are allocated d1￿cl1Y to that acliwty. Shared costs are apportioned
between the activities they contribute lo on a reasonable. justrfiabje and wnsistenl basis.
Tangible assets
Tangible assels are initialty recorded al cost, and subsequenty stsled at cost less any
ac¢umulated depreciation and impairment losses. Any tangible assets carried al revalue
amounts are recorded at th& fair value at the date of revaluation less any subsequent
accumulated depreciation subw4uent a(￿mU[ated impainnenl losses.
10

Armed Forces Para4nowsport Team
Company Limited by Guarantee
Notes to the Financial Statements (¢onfrnue
Year ended 31 August 2025
Accounting poli¢ies (COnliftu8dJ
Tangible assets (¢onbnuedJ
An increase in the Carr￿ng amount of artr asset as a result of a revaluats"on. is recognised in other
recognised gains and losses. unless rt reverses a charge for I￿palMient that has previousty been
re¢ognised as expenditure byithin the slalement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which It offsets any previous revaluation gain, in %thich case the loss i% shown within
other recognised gains and losse5 Cm the slatemenl of financial activtti"es.
Depreciatlon
Depreciation is calculated so as to ￿lIe off the cost or valuation of an asseL less its residual
value. over the usefvl economic life of that asset as folbws:
Equipment
20% reducing balan
Investments
Unlisted equFty inve5tmen15 are initially rwded at cost, and subsequendy measured al fair
valtje. If fair value cannot be reliably measured. assets are measured at cost less impairment
Listed ir)ves¢ments are measured at fair value with changes in fair value beillg recognised in
income or expendrtsjre.
Investments in associates
Invèslmenls in associates accounled for in acccKdance wtth the cost M￿je[ are recorded al cost
less any aCCu￿¥jIated impairment105ses.
Investments in associates accounted in accordance with Ihe fair value model are initially
re¢orded at the transaction price. At each reporbng date, the investments are measured al fair
value, wth Changes in fair value tsken through income or exKEnditure. Where it is irllpracticable
to measure fair value reliably wthout undue cost or effort. the cost mL¥lel will be adopted.
Dividends and other distrtbulions r￿￿ed from the investrnent are recognisod as income wqthout
regard to whether the distributK)ns are from accumulated profi15 of the associate arising before or
after the dale of acquisition.
Invostments in joint ventures
Investments in jointly controlled entities ac(x)unted for in acccYdan￿ wth the cost model are
recorded at cost less any accumulated impairment losses.
Investments in jointly controlled entities accounted for in a¢¢x)rdance with the fair value model are
initially recorded at the transaction pri￿. At each reP￿ting date, the investments are measured at
fair value. wth changes in fair value taken through income 01 expenditure. Where it is
impracticable to measure fair value teliably wrthoul undue cost or effort. the cost model will be
adopted.
t1

Armed Forces Para-snowsport Team
Company Limited by Guarantee
Notes to the Financial Statements (Con¥n￿d}
Year ended 31 August 2025
Accountlng policies (ctsntinuEdJ
Invastments in joint venthres {toiillnuEd)
Dividends and other distTibutions recetved from the investment are recognised as income wthout
regard to whether the distributions are from accumulated profits of the joint venture arising before
or afterthe date of acquisitk)n.
Impairnient of fixed assets
A review for indicators of impairment is carried out al reporting (fate, wth the recoverable
amount being estimated where such I[￿l¢atOrS exist. Where the carrwng value exceeds the
recoverable amount. the asset is impaired accordir¥Jly. Prior impaiments are also r&viewed for
possible reversal at each retM)rtJ"ng dale.
For the purposes of impaimient lesting. when it is not Fx)ssible to estimate the recoverable
amount of an individual asset. an estimate is made of the recoverable amount of the cash-
generating unit to bvhith the asset belongs. The (Zsh-gènerating unil is the smallest ￿entIfi3b1e
group of assets that includes Ihe asset and generates ¢ash inflows that largely independent of the
cash infyjws from other assets or grrAJPS of assets.
For impaimient testing of g¢yJdwill, the g(M)dwill acqurred in a btjsrness combinakn.on is from the
acquisition date, alk)cated to eath of the cash-generatiThJ unts that are expected to benefit from
the synergies of the combination. irrespective of whether other assets or liabilits'es of the charity
are assigned to th(Ise units.
Financial instruments
A financial asset or a financial liabiljty is recDgnised only when the charity becomes a party to the
contractual provisions of the inslJumenl.
Basic finan¢ial instruments are initialty recognised at the amount receivable or payable including
any related transaction costs.
Current assets and ¢urrent liabilttFes are subsw4uenty measured al the cash or other
¢onsidefalion expecled to be paid C￿ received and ￿t disC￿nted.
Debt rnstrumerrts are subsequendy measured al amortis&J cost.
Where inveslwnents in Sho￿ are publ** traded or Iheir lair value can otherwise be measutsd
reliably. the investment is subsequenljy measU￿d at lair value with changes in fair value
recognised in income and expenditure. Al other such investments are subsequently measured al
cost less impaim)ent.
Other financial instruments. induding derivatives, are initially recognised al fair value. unless
payment for an assel is deferred beyond normal business lemis or financed at a rate of interest
that is not a market rate, in which case the asset is measured al the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instrumerts are subseqL￿nty measured at fair value. with any chawjes
recognised in the stslement of finanrAal actiwbes. wtth the excepbon of hedging instruments in a
designated hedging relationship.
12

Armed Forces Para4nowsport Team
Company Limited by Guarantee
Notes to the Financial Statements f¢onbnu8dJ
Year ended 31 August 2025
A¢counting pollcies (¢c¥thu8OJ
Financial instruments {¢ortrnu8dJ
Financial assets that are measured at cost or amorbsed cost are reviewed for (￿leCtiVe evidence
of impaimient at the end of each reportFng date. If there is objectsve evidence of impairmenl, an
impai￿ent loss is recognised under the appropriate heading in the statement of financial
activities in which the intb"d gain was recognised.
For all equity instruments regardless of significance. and other financial assets that are
ir%lividualty signrfKant, these are assessed individually for impairment. Other financ￿1 assets are
either assessed indNidually or grouped on the basis of sivnilar credit risk characleristl¢S.
Any reversals of impaimient are recognised immediately. lo the extent that the reversal does not
result in a carryTng amount of the financial asset that exceeds what the carying amount would
have been had the impaimient rK)t prewously been reo)gnised.
Limited by guarantsa
The liabilrty of the members is limited to £1 each in the case of the company being wound up.
Donation$ and legacies
unresln.cted
Funds
Restrict￿1 Totsl Funds
Funds
2025
Donations
Voluntsry income
304.102
95,130
399.232
Unreslricted
Funds
Restricted Total Funds
Funds
2024
Donations
Voluntsry income
267.503
267,503
Investment income
Unrestrict￿1
Funds
Restricted Total Funds
Funds
2025
Investment income
2.758
775
3,533
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Investment income
2,910
2.910
13

Armed Forces Para-snowsport Team
Company Limited by Guarantee
Notes to the Financial Statements icon¥n
Year ended 31 August 2025
Costs of rdis5ng donatlons and legacies
Unrestrrcted Totsl Funds unrestn.cted Total Funds
Funds
2025
Funds
2024
Costs of generating vcAuntary income
95.112
95.112
36,278
38,278
Expenditure on Charitable activiti•s by fund type
unrestr.cled
Funds
Restricted Total Funds
Funds
2025
Charttable actmty
Support costs
306.073
7.260
313.333
40.379
346.452
7,260
353,712
40.379
Unrestricted
Funds
Restricted Total Funds
Fun(Js
2024
Charitable actiwty
Support costs
188,845
14.446
23,684
212,529
14,446
203,291
23.684
226,975
Expenditure on charitable actlvities by actlvlty type
Activities
undertaken
direcljy Support costs
Total fund5
2025
Total fund
2024
CharFtsble actiwty
Govomance costs
346,452
346,452
7,260
7.260
212,529
14,446
226,975
346.452
7,260
353.712
10. Net lexpenditureyincome
Nel lexpendilure}fincome is stated after Cha￿Ing1{crediling)--
2025
2024
Depreciafion of lang11￿e fixed assets
3,693
3.693
14

Armed Forces Para4nowsport Team
Company Limited by Guarantee
Notes to the Financial Statements (¢OntsJN
Year ended 31 August 2025
11. Independent exam•nat•on lees
Period from
Year to 1 May 23 10
31 Aug 25
31 Aug 24
Fees payable lo the independent exam1r￿r for.
Independent examinab.on of the finarbcial statements
660
630
12. Staff costs
The average head count of employees Iluring Ihe year was 2 {2024." 1). The average nurTJber of
ftjlptime equivalent employees durrng the year is ana￿ed as follows."
2025
No.
2024
No.
Numberofstaff
The Charity had no staff in the year.
No employee received employee berkeffts of ffl0￿ than £60,000 during the year12024.' Nil).
13. Tnjstee remuneration and expen￿$
No remuneration or other benefits from employTnent Wtth the chaitty or a related entity were
re￿Ived by the Iruslees.
14. Tangiblo fixed assets
Equipment
Cost
At 1 SÈptomb8r 2024 and 31 August 2025
Depreciation
At 1 September 2024
Charge for the year
At 31 August 2025
Carrying arnount
At 31 August 2025
At 31 August 2024
41,577
34.191
3,693
37,884
3,693
7,386
15

Armed Forces Para-snowsport Team
Company Llmited by Guarantee
Notes to the Financial Statements (¢on&n
Year ended 31 August 2025
15. Investments
Listed
Investrnents
Cost or valuation
Al 1 September 2024
Addikn"ons
Disposals
Fair value movements
At 31 August 2025
Impairment
At 1 September 2024 and 31 August 2025
Carrying amount
At 31 August 2025
Al 31 August 2024
306,651
{50,0001
34,953
291,604
291.604
306,651
All investments S￿ above 8re held al valuation.
Finan¢ial assets held at fair v4ue
The value shown is the market value at the year and the Trustees ￿lIeVe this to be a fair
value.
16. Creditors: amounts falling due within one year
2025
2024
Accruals and deferred income
720
720
16

Armed Forces Para4nowsport Team
Company Limited by Guarantee
Notes to the Financial Statements [￿7M1￿￿ed)
Year ended 31 August 2025
17. Anatysis of charitable funds
Unrestricted funds
At
1 September
2024
At
Gains and 31 August 20
losses
25
ItKome Expenditure
General fUr￿S
Revaluation reserve
498,283
6.651
306.860
{408,4451
396.698
41,604
34,953
34,953
504.934
306.860
1408.445)
438,302
At
Gains and 31 August 20
losses
24
1 May 2023
Income Expendtture
General funds
Revaluation reserve
467.439
{25,495)
441.944
270.413
{239.5691
498,283
6,651
504.934
32.146
32.146
270.413
(239,5691
Restricted funds
At
1 September
2024
Income Expenditure
Gains and 31 August 20
losses
25
Restricted Fund
95,905
{40.3791
55,535
At
Gains and 31 August 20
105ses
24
At
1 May 2023
Income Expendiiure
Restricted Fun
23.693
123.684}
17

Armed Forces Para4nowsport Team
Company Limited by Guarantee
Notes to the Financial Statements (conlTnu•lJ
Year ended 31 August 2025
18. Analysis of net assets between funds
Unrestri¢ted
Funds
Restricted Total Funds
Funds
2025
Tangible fixed assets
Investments
Current assets
Creditors less than l year
Net assets
3,693
291,604
143.725
17201
438,302
3.693
291,604
199.260
17201
493,837
55,535
55.535
un￿StrICted
Funds
Re￿rIcted Total Funds
Funds
2024
Tangli￿e fixed assets
Investments
Currènt assets
Creditors less than 1 year
Nat assets
7.386
306.651
191.617
17201
504.934
7,386
306,651
191,626
{7201
504.943
18

Armed Forces Para-snowsport Team
Company Limited by Guarantee
Management Inforniation
Year ended 31 August 2025
The followlng pages do not form part of the financial statements.
19

Armed Forces Para-SnowsPOrt Team
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 August 2025
Period from
1 May2310
31 Aug 24
Yearto
31 Aug 25
Income and endowrnènts
Donations and legacie5
Voluntary in¢ome
399.232
267,503
Investmènt in¢orn•
Investment income
3,533
2,910
Total income
402,765
270,413
Ex￿ndItUre
Costs of raislng donations and legacie5
Costs of generating voluntary income
95,112
36,278
Expenditure on charitable activities
Chasritable adivib.es and govemance
Depre¢ialion
350,019
3.693
223,282
3.693
353,712
226,975
Total Èxpenditurn
448.824
263,253
NÈt (expenditu￿)rin¢Qrne
146.0591
7.160
20

Armed Forces Para4nowsport Team
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 August 2025
Period from
1May23to
31 Aug 24
Year to
31 Aug 25
Costs of raising donations and legacies
Costs of genèrating voluntary incomè
Costs of generatin9 voluntary income
95.112
36,278
Costs of raising donations and lega¢ie$
95.112
36,278
Expenditure on charitable activities
Activitles undertaken dir8¢tty
Charitable a¢livities
Governance Costs
Govemance costs
Governance costs- depreciation
346,452
212,529
3.567
3,693
10,753
3,693
7.260
14,446
Expenditure on ¢haritable activities
353,712
226,975
21