2021-05-31-accounts - Army Winter Sports Association

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ARMY WINTER SPORTS ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2021

INTRODUCTION

The Army Winter Sports Association (AWSA) was founded (as the Army Ski Association) in 1947. Since then it has encouraged generations of Army service personnel to take to the snow and ice. It has been instrumental in organising competitions from novice to the highest levels of proficiency. Many of its members have gone on to represent the Army and their country at the Olympic Winter Games and in other national and international events.
The AWSA’s task, as it was in 1947, is to encourage service personnel to participate in Winter Sports; to develop their skills in a chosen discipline; and to test themselves in demanding conditions, thereby fostering self-discipline, fitness, courage and teamwork. Winter Sports contribute directly to military output and fighting spirit, are an essential part of decompression from operations and remain an important element of the moral component.
The Association has some 1600 members and a full programme of events. It receives direction from the UK Armed Forces Sports Board (UKAFSB) and the Army Sports Control Board (ASCB).
AWSA Disciplines . The AWSA comprises 8 different Disciplines detailed below:
a. Alpine.
b. Bobsleigh.
c. Cresta.
d. Luge.
e. Nordic (Biathlon and Cross Country).
f. Skeleton.
g. Snowboard.
h. Telemark.
Charitable Status . The AWSA is a Public Limited Company number 7890840 and achieved Charitable Status in March 2012 Charity Number 1146256. This charter reflects the legal construct laid down in the regulations with the Charity Commission and Companies House.

MISSION

The AWSA is to encourage and facilitate, amongst all ranks of the Army, wide participation and high achievement in Winter Sports in order to foster the ethos of the Army and promote its good image.

CORE OBJECTIVES

The Core Objectives of the Association are to:

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a. Establish a capable and effective organisation to manage and develop success in Army Winter Sports.

b. Encourage succession planning for coaches, race officials, managers, Chairman and Secretaries.

c. Ensure all Army Winter Sports activity is well run and organised, challenging and technically compliant.

d. Broaden and strengthen the instructor base for all Disciplines

e. Select strong Army teams to achieve success at the Inter Services competitions.

f. Achieve maximum participation in all activities and competitions and encourage greater participation by novice, female and junior ranks.

g. Encourage the development and manage the careers of elite athletes and support competitors on the international circuit.

h. Deliver an annual balanced budget and ensure the AWSA is financially stable for the long term, including enduring sponsorship arrangements.

i. Review competition venues and costs to ensure value for money.

j. Maintain a communications plan that promotes the AWSA and members’ interests.

k. Assist in the development of athletes in the Armed Forces Para Snowsport Team (AFPST).

ORGANISATION

Governance Structure . The AWSA governance structure comprises an Executive (Trustees) and Management Committee as detailed below.

6. The Executive (Trustees) .

a. General . The Executive will direct the overall conduct of AWSA activities. In particular, it will direct policy, develop and manage major sponsorship and manage the Public (PF) and non-public (NPF) budgets through a screening process. The Executive will comprise:

(1) Chairman. The Chairman, who is to be a serving senior officer with a strong interest in winter sports, will be nominated and approved by the Director of the Army Sport Control Board. He is responsible for the supervision of the Association’s finances and for the overall management of the Association’s business. Currently it is Maj Gen C McClean CBE.

(2) There will be normally a total of 4 other Trustees, comprising the Vice Chairman. Sponsorship Secretary, Public Fund Manager and an independent Trustee.

(a) Vice Chairman. (Trustee). Currently Brig J Fossey OBE.

(b) Sponsorship Secretary. (Trustee). Currently Capt Lucy Wyatt RE

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(c) Public Fund Manager. Currently Colonel J Rhodes RLC.
(d) Trustee. Currently Miss L Giles

(3) The Secretary is responsible for organising the Meetings and producing and publishing the minutes. Currently Lt Col (Retd) SAJ Davis.

b. 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 President, Chairman and Secretary of the Association and Discipline Chairmen.

c. Frequency of Meetings . The Trustees shall meet in plenary session at least three times a year.

d. Quorum . A quorum will have been achieved when the Chairman and at least two representatives are present.

e. Accountability . The Executive is accountable to the ASCB for the proper conduct of its business and national sport bodies for the correct application of their rules.

Management Committee . The Executive will manage AWSA activity through a Management Committee which will meet twice annually, usually in May and October. In 2020 owing to the COVID pandemic there was a requirement for the Committee to meet three times, the Meetings were held on 5 May 20, 22 Jul 20 and 9 Nov 20 respectively. The Committee comprises the following:
a. The Executive.

b. General Secretary of the BFG Sport Board (ceased to be a member after the disestablishment or the post in 2020 following the drawdown of troops from BAG).

c. Chairmen of the eight individual Disciplines.
d. Exercise Controllers of EXs SPARTAN HIKE (SH), PIPEDOWN (PDN) and SNOW LION (SL)
e. SAIM Editor and Webmaster.
f. Chairman of the AFPST or a representative. (Non-voting).
g. Co-opted members as required. (Non-voting).
Purpose of the Management Committee . The roles are as follows:
a. Ensure the efficient management of AWSA activities.
b. Direct the future sustainment of AWSA activities.

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c. Ensure coherence across the Army WS activities.

AWSA Annual General Meeting (AGM) . The AGM usually coincides with the second Management Meeting and is the forthcoming Season’s Launch; it is normally held in late November each year and is open to all members of the AWSA. In 2020, the event was cancelled as a result of lockdown and the COVID pandemic.

FINANCIAL POLICIES

General . The Trustees are responsible for the financial health and good financial management of the AWSA.
Priorities for Expenditure . The priority for the use of Charity funds for the 20/21 period was as follows:

a. Funding Army competitions of Category 2 winter sports at an appropriate standard and level of safety.

b. Promoting the excellence, reputation, and prestige of the AWSA as the governing body of Army Winter Sports.

c. Assisting in the defrayal of costs of athletes representing the Army at Inter Service competitions.

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

e. Supporting elite athletes at national and international competitions.
Expenditure . The Trustees agreed the following for 20/21:

a. Events . The main Army Championships (Alpine, Snowboard, Telemark, Nordic, Cresta and Ice Sports) were each provided funds to run the events in accordance with the direction provided by the Trustees.

b. Protocol . A maximum of £23K could be spent on Protocol, which included VIP hosting at Army events, the Chairman’s Dinner and the 2020 Cocktail Party.

c. Communications . Funding for communications (Website and annual Magazine) was not to exceed £11K.

d. 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 15 above. For the 20/21 Season the Trustees agreed the following grants:

(1) Elite Athletes – up to £2K.
(2) Armed Forces Para Snowsports Team (AFPST) - £3K.
Income . Income for the AWSA was provided from Membership Subscriptions, ASCB and UKAFWSA Grants and from donations from various companies in the UK through Indirect donations via the ASCB Charitable fund via Mongoose, Direct Sponsorships to the AWSA and from donations from Friends of the AWSA. There was also some income from investment dividends and bank interest.
Reserves . The Charity will endeavour to hold a financial reserve sufficient to cover the minimum running costs of one-year’s Army Winter Sports events. This reserve will be

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drawn 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.
20/21 Financial Overview . In detail, there was an excess of income over expenditure of some 25,409, this net income resulted from a gains on investment. The season was cancelled in its entirety owing to the COVID Pandemic and therefore only administrative costs were incurred. This was in accord with the Trustees’ plan. The report has been filed with Companies House.

MAJ GEN D CROOK – CHAIRMAN’S REPORT 20/21

Seventy-Three years of the Army Winter Sports Association; what an achievement! I suspect that Field Marshal Montgomery and his team will be looking down on us with tremendous pride in all that has been achieved since 1947. From its early days with only 2 sports (Alpine and Nordic), the AWSA has grown to today’s 8 Disciplines and a comprehensive calendar of events. Once again, my thanks go out to everyone over the years, who have helped develop the AWSA into what it is today.
2020 was another very positive and successful year for the AWSA. The Management Team continued to work tremendously hard to enable this success and I would like to acknowledge some key personnel: first, Brigadier Joe Fossey, in his second season, who – despite a very busy day job – has worked tirelessly to support the AWSA; and finally, the background team of Lt Col (Retd) Steve Davis (Secretary), Col James Rhodes (PF Manager), who have remained the bedrock of the Association. On behalf of all the athletes, coaches and officials who have benefited from your dedication and hard work, thank you.
the 2020/21 season was a very strange season indeed. With the uncertainty of the effects of the COVID Pandemic would have on the season all disciplines planned for success and held their nerve to the very last safe moment. The Army set a Decision Point in October at which point a ‘go/no go’ decision was made. At that point the UK Government still had the UK population in lock down and EU countries had yet to open its boarders to non-member residents and so the the decision was made to cancel all activity for the 2020/21 season.
With the lead into the autumn, many of our supporters were unable to provide the levels od financial support for a season that was not to happen, whilst other agree to provide a minimum level of support to help defray some of the suck costs associated with set the events up prior to the cancelation of the season.
Army Winter Sports is hugely important to the retention of our officers and soldiers and I am delighted that it continues to flourish, despite the increasing strain on financial budgets. I look forward to seeing athletes, coaches, officials and support staff next season, either on snow or ice, or perhaps even both. Good luck for the new season ahead.

SUMMARY

It has been an excellent 20/21 season. The AWSA continues to be in very good order and the very best of wishes to everyone.

AWSA Trustees Report 20/21 - 5

SAJ Davis

SAJ DAVIS Lt Col (Retd) Secretary for Chairman 24 Feb 22

AWSA Trustees Report 20/21 - 6

REGISTERED COMPANY NUMBER: 07890840 (England and Walosl REGISTEREO CHARITY NUMBER.. 11462S6 Roport of the Tru8ts98 and Unoudll8d Flnanclal 8tatèmont$ for the Year Ended 3", May 2021 for Army IMnt?r SF)Drts A88o¢lallon Blackwood Futcher & Co. Chartered Accountants 9 St George's Yard Farnham Surrèy GU9 7LW

Army Wtnter Sport5 Assoclotlon Contènts of the Financial Staternents lor the Year Ended 31 May 2021 Pag¢ Roport of the Tru8tg08 Indep•nd•nt Exomln¢r'B Report Stotsment of Finan¢lal A¢tlvlti Balancè Sh¢o1 Notes to th• Fln•n¢lal Statem•nt8 6 to 8 Detalled Statom•nt of Flnanclal Acllvltle8

AnTry Wlnt•r Sports A55001alon Roport oflho Trustoos ftsrtho Yoar Endod 31 May 2021 The IvJ51oe5 who 4re also dlttrtors ol tilo charty for thè purposes ol th& Compafiles A¢t 20Cf. present Iheir rep2rt the finanal St&tnents olthe thanty for Ihe year ended 31 May 2021. Tho trustees adopw the provtslons ol A¢oJntirMJ and Reporbw by Ch8ritsos'. Statempnl of Recrxnmer¥Jed Pradco appllc8ble to prepamro thelr 8jftts In ac¢ordaTrx 1h the Finar431 Reporting Stondgrd Bppli¢gbb In tho UK aTrJ Republic of Iro[a IFRS 1021 leffoctho 1 Jonuary £0191. STRUCTURE. GOVERNANCE AND NiANAGEMENT I, Govemlng docum•nt Thè chanty Is controlkd by ts 90sYnlng d(uJmert. a ol tsus( hnd caThstilut•s a Imlted 0)MpY, lknited ty quorantee, as defi[d bytho Ccfflpgnbs A(. REFERENCE AND ADMINISTRATIVE DETAILS Roglstsr•d C¢mpany numbor 078W40 IEThJl8nd Wales) R151+ed CMTliy number 1146256 Reqlsteml offl¢o , MacenJe 8wlding Fox Unos Qun,8 Altnug Aldersh H8rnpshS GU112LB TnMts•s Kl4or Gene D Crook MOr S Davis Ir¢signBd 1.12.201 Bn9•Yr J Fowy MsLGks Lt Col J RhrM$8S Captaln LWyatt1opWnted 4.5.211 B K L BeTrnett1oFOnlod 1.12.201 Ind•p•nd•nt E¥Amlnor lan Fuietr,er FCA Inslrtute olChwtsr•J Ac4xuntarts In Cnglgnd Wales Blackwwts Fulcher & Co. Ch8rteied A(xY)unlants 9 StGeoyg's Yard ,. Famliam Surr•y GU9 7LW Awr¢ by orfèrolthe boord oltru518ts on........... . and gned on Its t4hallby'. Ms L Glles- slée

Independent Examlner's Roport to the Trustees of Army Winter Sports Assoclatlon Independert examlnerf8 report to the trustees of Army Winter Sports Assoclatlon Ilhe Company'l I report to the charity trustees on my examination of the accounts ol the Cornpany for the year ended 31 May 2021. RpOnsIbIl11QS and basls of report As tho chari-.y's trustees of the Company land also ils directors lor the purposes of company lawl you are restK)n5ible lor the preparation ol the aecoufjts in a¢cordance wth the requlrement5 of th& Corllpanies Aci 2006 Ilhe 2006 Act'l. Having satisfied myself that th8 accounts ol the Company not required to be audited under Part 16 01 th& 2006 Act and are eligible for independent 8XaMinatn, I report in respect of rny examination ol your charity'5 accounts as carried out und8r 88Ctioi 145 of the ChatIeS Act 2011 I'the 2011 Act'l. In carrying out rry exarnination I have followed the Directions glven by th8 Charity Commlssion under $8ction 145151 Ibl of the 2011 Act. Ind•pondent examln•rf8 Statem•nt I have comp eted my examination. I confim that no mattgr8 have come lo my attntion in conngction wbth (he examlnaJon giving me cajse lo beIve.. accojnllng records w8r8 not kept in respect of the Company 88 required by sectlon 386 olthe 2006 Ad,. or the xcounts do not accord with those records., or the accounts do not comply with the accounting requlr&menls of section 396 01 tha 2(K)6 Act oth8r than any reouwement that the account5 giv8 8 true and fair vlew which 18 not a matter considered as part of an ind8P8nd@nt examinalron., or the accounts have nol beèn pr8p8r8d In accordance wllh thè nlhod8 and principles of thè St8t8ment ol Rgccmrmended Practlc6 1(>r accounting and reporting by eharltles lapplicable to charities preparing théir 8ceount5 In acco"d8nc8 wlh Ihg Flnanclal Reporting Standard applicable In the UK and Republic of Ireland IFRS 10211. I have no ccncems and have come across no other matters In connection wllh the examlnhllon io whlch atlenuon should be drawn in thls port In ordèr to 8n8ble a proper underslandlng of ih8 accounts lo b9 reached. J?JL lan Fu¢ch FCA Institute of Charterod AOnIan1$ in England and Wales Blackwood Futehèr & Co. Chartered Accountants 9 St George's Yard F8rnh8m Surrey GU9 7LW Dale.. Pag9 2

Army Winter Sports Association Statement of Flnan¢ial Actlvltles for th• Yetyr Ended 31 May 2021 31.5.21 Unrestricted fund 31.5.20 Total funds Notes INCOME AhlD ENOOVNENTS FROM Donations and legacies 28,176 251.727 Investsnenl ineomè 7,252 8,418 Tol 36,428 260,145 EXPENDITURE ON Charitablo actlvltlos ClolhSng and equlpmenl Web-sitg costs Snow and ice Meeting 8xpgn$es Grants tts In#ilulon8 Grants to Indivldu81s Mernbership coslg Bank Charg65 2.820 12,897 4,891 360 8,382 5,664 77 5,070 231.471 5,131 439 8,702 2,377 1,969 Other 1,794 3.161 Total 35,460 259,725 Nel galnslllosse61 on Snvo$lrn&nls 26,431 118.1551 NET INCOMEI(EXPENDITUREI 25,409 117,7351 R£CONCILIATION OF FUNDS Total fund8 brought forward 192,127 209,862 TOTAL FUNDS CARRIED FORWARD 217,536 102,127 The notes f(wm part of these financiBI statemènts Page 3

Army VlJntsr8port5 Asso¢14Uon galan Sho•t 31 PAAY 2021 31.5.21 Unreslricts fund 31.5.20 Totsl pixeD A8SErs Investsnents 182233 1&8,802 CURREpif ASSETS , ' Debtors ,' Cash 4tb4nk 28,289 lo8,1 137.027 170,244 137,170 '.1 CREOETOR8 .' fallirvJ dua wNn &r 1134,9411 1101.84S) '. NET CURRENT ASSET8 35.325 TOTALA88ETa LE33 CURRENf UABILMES 217,536 IW2,127.. 217,536 191127 FUNDS Unreslrictsl lund$ 217.5 1W2.127 TOTAL FUND3 217,536 192,127 The dIaritab company L8 anluod lo wwnpborh trom audil Sedon 4T1 ol cefflp4nI Acl 2( ts Ihb >Yar erthd 31 May 2tr21. Tr rrthiLr5 ha not Trqu5r0d Ihe c4mpany to obtsln an audit of h finandal •latsmrt Ih yogr•nd&Y 31 May 21f41 In ecX>JréanCe•th Secon 476 ofthts Companle$ Ad 2006. The ecaw•Aedge rnSp)nsilltJ.s for •nsuriThg thot the thartlabh c¥)mpany keeFQ AUnIng records ¢hat (pty wllh 8et4k)ns 388 •r%l 387 of the Ccffipank%Act2ryA aThJ preparlr¥ finBnc481 sl8t8ments wl¢h giv¢ a INe aTrJ fair VI of the stste of Affairs tsf Ih thwilth o)mpary 89 Bl eNI of each financial year aNI of Its 6UTplus or ¢lefidt lor &a¢h fin81 year In 4¢urda the ulrwnents of Secons 394 and 395 and which otheThwse rmpty the requwemenb of Compankn Act 20C6 relating to finand81 stalement5, so far 05 applicable to th• Charitab u)mpany. Ibl fmandal 6tateThnts ha tTr w¢pared In accordantx the pon8 8Ftylcabkn to cartlth oNnpanl¢8 ' $ubJed b the srn811 u)mp8nleA wime. .. Tho finan¢481 st•tements appro1 by the BoAirJ of Truste and outhoris¢d for 5&su8 on ........... .......... .... and on hsbehalfby. Th& fomi part oltt)8Eg financial slatemeni8 Page4

Army Wlnter Sports Asso¢latlon Notes to the Financlal Stattrm8nts for the Year Ended 31 May 2021 ACCOUNTING POLICIES Basis of preparlng the financlal $tstement5 Thé financial statements of the charltsble company, whlch is a ptjblic benefit entlty under FRS 102, have teen propared in accordance wth the Charllles SORP IFRS 1021 'Aceounting and Reporting by Charities.. Stslement of Recommended Practleè applicable lo charilles pparIng th8lr accounts in accordance with the Fin8n¢ial ReportiTrJ Standard applicabl8 In the UK end Republic ol Ireland IFRS 1021 (effective 1 January 20191,, Financial ReportiThJ Sl8nJard 102 'The Flnancial Reportlng Standard appllcBble In th6 UK 8nd Republlc ol Iland, and the Companias A¢1 2006. Tho financial statem8nls have been prepared under thè historical cost conventSon. th th& ex¢epti()n of Investments which are inoiuded al msrkÈt value. as rnodlfied by the rgvaluallon of certain assots. Income All ircome Is re¢ogni88d In ihe Statement of FlnanLial Activities once the charfly has enUll8ment to the funds, it is probablo that th8 Incorlle be reiVed and the amount can be measured rellably. Expendllurg Llabliill$s 8re recognised as axpÉndltur& as soon as there is a legal or constructive oblioollon committlng th8 charlly lo that oxpendli(rre, il is probabl8 that a transfer of economlc beneflls 11 b8 requlred in settlement a)d thg amount of th6 obligation can be meastjred rellably. Expenditure is accounted lor on an accruals basls and has been clasqified und81 heading5 that aggregale all cost ielaled lo ihe category. Where eosls cannot be direclly atlrfbuted to pa11cul8r headlng$ they have boen allocated to avIlle3 on a basis conslstenl wllh tha use of resources. GrBrts offered 3ublecl to condltSon$ whlch have not baen met at the year and datè ar& nol8d as a comrnllrnenl bul not ¢rUed 88 expenditur8. Taxatlon Th@ chartly Is exempi from cOrporaU tax on118 charltsble acilvlllg8. Fund aecountlno UnraslrlclÉd lund8 can be used In accordanc6 wilh the charitable oblectlves al tha dlscr8tion of Ihelrusle88. Restricted lund8 can onty be used ftsr partlcular reB(rlcied purposs wllhln the obieclB of ihe Gharlty. R68trfcUon8 er18e when 8p8clfied by the donor orwhen fL)ds are r81sed for partlculor rgstrfcled purpo¥e8, Furttr8r trxplanauon of th@ n81ure end purpose of each fvnd Ss Included in th& not98 to the financlal 8tatemenis. INVESTMENTINCOME 31.8.21 31.5.20 Olhè- p8rt1¢ip81ing interests Depc.sit aecount int9r981 7,229 23 e,212 206 7.282 8,418 TRUSTEES, REMUNERATION AND BENEFITS There wer& no Iruslees, remuneration or other bgnefil8 for the year ended 31 May 2021 nor for thè ye8r endèd 31 May 2020. Tru6:•08' *xp<nse$ Thefy were no trustees, exnSeS paid forth8 ye8r ended 31 May 2021 nor for the year ended 31 May 2020. Page 6 continued...

Arniy Imnter Sports Assoclatlon Notes to tha Flnan¢lal Ststements- continued for the Year Endèd 31 May 2021 COVID.19 ASSESSMENT The charity's a¢vIllag weTQ significantly impacted by tho COVID-19 pandemic durlng the period under Tevlew, Measures have en tsken to mitigate the Impacl ol IhB paremIC and to ensure the ectnU8d tsp8r8tion of the charty's actltIeS. AXED ASSET INVESTMENTS Llsted Invgslrnents MARKET VALUE At 1 June 2020 Revaluallons 156,802 26,431 Al 31 May 2021 182.233 NET BOOK VALUE At 31 May 2021 182.233 At 31 May 2020 156,802 Th¢r8 werè no Investment assgtg outside Ihg UK. Co$1 or valu81ion at 31 May 2021 Lg roprgsented by.. Llsled InvèBtmèntg V8lu8tlon In 2021 Cost 25,431 156,802 182,233 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.5.21 31.5.20 Other debtors 33.217 26,269 Page 6 continued...

Army Imntar Sports Association Not85 to the Flnanclal Statements- contlnued for thè Yèar Ended 31 May 2021 CREDrroRS.. AMour3 FALLING DUE HIN ONE YEAR 31.S.21 31,5.20 Other crethtors 134,941 101,845 m0MENTIN FUNDS Nel vement in funds Al 16.20 31.5.21 Unrestrlcted fund$ General fvnd 192,127 25,409 217,536 TOTAL FUNDS 192,127 25,409 217,536 Nel movemgnl In fvndB. Induded In Ihe 8bov8 are 88 103., Incomlng re8ource8 Resources expendad Golns and 108sas Movement In funds Unrestrlcted funds General fund 36,428 135,4501 25.431 25,409 TOTAL FUNDS 35,428 136,4501 25.431 25.409 Compwatl¥o6 lor movomont In fund8 Nel movernenl in fund8 At 31.5.20 At 1.6.19 Unrostrlctéd fund$ G6n8ral fund 209.862 117,7351 192,127 TOTAL FUNDS 209,862 117.7351 192,127 Comparth've nel movement In funds, Included In th& above are as follows.. Incorning rgsour¢es Resource8 expended Galns and losses ovemgnl in fur9 Unrèstricted fundg General fvnd 260,145 1259,7251 118,1551 117.7351 TOTAL FUNDS 260.145 1259,7251 {18,1551 117.7351 Page 7 conn...

Army Wlnter Sports Assoclatlo Notes to the Financial Stat•mènts- continued for the Year Ended 31 May 2021 Mo1mENT IN FUNDS- contlnued A current yw 12 months and prior year 12 monihs cA)rnned poslllon Is as follows.. Ngt movement in funds Al 31.5.21 At 1,6.19 Unre$trlc¢ed funds Gsneral fund 209,862 7,674 217,536 TOTAL FUNOS 209,862 7,674 217,536 A cwient year 12 months and prSor year 12 months combln8d movement in nd8. Inclutsd In the above are as lollow8.' Incoming resour¢e$ Resources exponded GaSns and losses Mov&menl In fLtnds Unrestrlcted funds General fund 295,573 1295.1751 7,276 7,674 TOTAL FUNDS 295,573 1296,17SI 7,276 7,674 RELATED PARTY OISCLOSURES There ware no reK4ted party trgnsacllons lor tha yèar èndgd 31 May 2021. Page 8

Army Wlnter Sports Associatlon Detallad Statoment of Financial Actlvltles for thè Year Endod 31 May 2021 31.5.21 31.5.20 INCOME AN'D ENDOWMENTS Donatlons and legacl•s Donatlons Grants Mombershlp fees Licence fee8 465 12,000 9,221 6.500 164,499 47,800 32.928 6,500 28.17@ 261.727 Invèstment income Other parti¢lpallng interests Deposll 8ccwnl Inlerest 7,229 23 8,212 208 7,252 8,418 Total Incomlng ro8OUf¢•S 35,428 280,146 EXPENDITURE Ch@rltablo 1vItIeS M8mbgrshlp costs Meeting oxpenses Clothlng and eoulpmsnl Web-site (>xpgnse8 Smw and ice Grants to Institulon8 Grants to Indvlduals 2,377 5,131 77 3eo 8,352 5,664 6,070 231,471 2,820 12.897 4.891 8,702 31,687 256.125 Support ¢osts Flnanco Bk charge8 439 Governoncg costs Insurance Tglephone Poylage 8rYJ 81allonery Sundr¢es Ac¢ount8ncy and leg81 fegB $9e 64 101 125 916 245 81 40 2.733 1,794 3.161 Totsl rosourcèg èXP8rKJed 35,450 259,728 Netloxpendlturgifincome 1221 420 This page doag notfcxm part of the statutory finandal stelemenls Page 9