**ARMY WINTER SPORTS ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2023** ## **INTRODUCTION** 1. 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. 2. 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. 3. The Association has some 1800 members and a full programme of events. It receives direction from the UK Armed Forces Sports Board (UKAFSB) and Army Sport (formally the Army Sports Control Board (ASCB)). 4. **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. 5. **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** 6. 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** 7. The Core Objectives of the Association are to: - a. Establish a capable and effective organisation to manage and develop success in Army Winter Sports. AWSA Trustees Report 21/22 - 1 b. Encourage succession planning for coaches, race officials, managers, Chair 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** 1. **Governance Structure** . The AWSA governance structure comprises an Executive (Trustees) and Management Committee as detailed below. ## 2. **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) Chair. The Chair, who is to be a serving senior officer with a strong interest in winter sports, will be nominated and approved by the CEO of Army Sport (formally 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 Darren Crook. (2) There will normally be a total of 4 other Trustees, comprising the Vice Chair. Sponsorship Secretary, Public Fund Manager and an independent Trustee. - (a) Vice Chair. (Trustee). Currently Brig Joe Fossey OBE. - (b) Sponsorship Secretary. (Trustee). Currently Col Graham Sefton. - (c) Public Fund Manager. Currently Colonel James Rhodes. - (d) Trustee. Currently Miss Lisa Giles (3) The Operations Manager (formally the Secretary) is responsible for organising the Meetings and producing and publishing the minutes. Currently Lt Col (Retd) SAJ Davis. AWSA Trustees Report 21/22 - 2 ## 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, Chair and Operations Manager of the Association and Discipline Chairs. 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 Chair and at least two representatives are present. e. **Accountability** . The Executive is accountable to Army Sport for the proper conduct of its business and national sport bodies for the correct application of their rules. 3. **Management Committee** . The Executive will manage AWSA activity through a Management Committee which will meet twice annually, usually in May and October/November. In 2022 the Meetings were held on 14 Jun 22 and 24 Nov 22 respectively. The Committee comprises the following: - a. The Executive. - b. Chair of the eight individual Disciplines. - c. Exercise Controllers of EXs SPARTAN HIKE (SH), PIPEDOWN (PDN) - d. SAIM Editor. - e. Chair of the AFPST or a representative. (Non-voting). - f. Co-opted members as required. (Non-voting). 4. **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. - c. Ensure coherence across the Army WS activities. 5. **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 2022, took place at the HAC, London on 24 Nov 22. ## **FINANCIAL POLICIES** 13. **General** . The Trustees are responsible for the financial health and good financial management of the AWSA. 14. **Priorities for Expenditure** . The priority for the use of Charity funds for the 22/23 period was as follows: AWSA Trustees Report 21/22 - 3 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. 15. **Expenditure** . The Trustees agreed the following for 22/23: 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 £19K could be spent on Protocol, which included VIP hosting at Army events, the Chair’s Dinner (when organised) and the 2022 Cocktail Party. c. **Communications** . Funding for communications (Website and annual Magazine) was not to exceed £3K. 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 22/23 Season the Trustees agreed the following grants: - (1) Elite Athletes – up to £0K. - (2) Armed Forces Para Snowsports Team (AFPST) - £3K. 16. **Income** . Income for the AWSA was provided from Membership Subscriptions, Army Sport 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. 17. **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 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. 18. **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. 19. **21/22 Financial Overview** . In detail, the financial expenditure for the 2022/23 season was forecasted a £229 to cover the following areas of outlay: Communications 1.5K, Grants to Disciplines £199K, Protocol £11K, The Finance Offr £10K, Governance £4K and miscellaneous costs associated with equip, meeting, membership, officials and Bank Charges £3.5K. Overall Income was forecasted as £217 however, additional last minute new income through sponsorship enabled the accounts to close with a minor surplus of just £1.15. **MAJ GEN D CROOK – CHAIR’S REPORT 22/23** AWSA Trustees Report 21/22 - 4 20. **General** . Given we have had two years of little or disrupted winter sport activity I am delighted to be able to announce that 2022/23 will see a return to full contact winter activity in this our 75[th] Year. You may wish to mention that this will of course come with the additional risk of 2- years of skill fade at both competitor and official level and so our attention to detail must be heightened to ensure that safety is paramount in our thoughts. I would therefore suggest using an abridged version of the notes to be used for the speech at the Cocktail Party which I have listed below. 21. **2022/23 Season** . The Army, like the other Services, is facing serious in-year financial pressures. This has meant that all areas of the Army's budget have been under constant scrutiny. Army Winter Sports have been fighting a close quarter battle over the past 18-months to not only save funding but I would suggest the survival and existence of winter activity as an Army activity. This was initiated by the loss of 50% of the Contract budget and CFA taking the totality of his winter sport budget as a savings measure. Against much adversity a small group of AWSA volunteers, led by Maj Andrew Miller our Secretary Nordic, and directed by our Vice Chair, Brig Joe Fossey, presented a compelling response that not only secured our longer-term survival, but reshaped the winter sports horizon in a manner not previously seen in its 75-year existence. Whilst the review may have reduced numbers in some areas of our enterprise it has proved to strengthen our long-term financial position as a leading sport in the Army’s portfolio and remains a valuable training activity by the Army chain of command. 22. **Elite Athletes** . I think we are all aware of the outstanding performances of our athletes over the past couple of seasons. We currently have 4 athletes on the various Elite Athlete programme, on the Talented Athlete Scholarship Scheme (TASS) and 3 receiving ASCB Scholarships. Whilst the 4-year cycle for the 2024 Olympic is already underway we have LCpl’s Nick Gleeson and LCpl Gareth Griffin and Rfn Tom Harris all selected for the GB Bobsleigh squad. Capt Marcus Webb continues to work with the BBU in Nordic and Biathlon with three further Nordic athletes in the pipeline. 23. All this is tinged with the sad news that two of our long standing Olympians, LSgt Lamin Deen and Sgt Amanda Lightfoot, have after many years competing at the very highest level of international competition, decided to retire from competitive sport. We can only admire their achievement over the years and wish them every success in their next chapter. We hope they return in some capacity to assist the next generation of athletes. 24. **Sponsors.** There is little doubt that Army Winter Sports could not survive without the generosity of our sponsors. I would once again like to formally thank our Direct Sponsors for their continued support, and those sponsors who sit within the Indirect construct through the ASCB and MSE for your substantial support to the Association and finally to our ‘Friends of the AWSA’; Your collective support is hugely appreciated by us all. ## **SUMMARY** 25. It has been an excellent 22/23 season. The AWSA continues to be in very good order and the very best of wishes to everyone. ## SAJ Davis SAJ DAVIS Lt Col (Retd) Secretary for Chair 26 Mar 24 AWSA Trustees Report 21/22 - 5 REGISTERED COMPANY NUMBER.. 07890840 (England and Wale$l REGISTERED CHARITY NVMBER.. 1146256 Rgport oftho TFu8te84 and Unaudttod Flnanclal Stat•m•nt$ forth$ Yvor Ended 31 May 2023 for Arny Wlntor SportB A$8oclatlon Blackwood Fulchgr & Co. Chartersd Accountan15 9 Sl GeorgeB Y0r¢ Fèjrnham Surrey GU9 7LW Army Wlnter Sports A86udatlon Contgnls of th• Flnanclal StatgmontS forthg Y￿r Ended 31 May 2023 Pag• R9POrt ofthe Tru8teo$ Indep•nd8nt Exomlno¢¥ Report statement of Flnanclal Aetivl¢l? Bqlan¢• Shegl Cash Flow Stat•mgnl Nolos lo the Ca8h Flow 8tat•menl Not•8 to Iho Flnanelul Stat8mont8 7 to 11 D•to118d Statgm•rt of Fln4ncl81 Actfvitl•¥ 12 10 18 Anny INlntorSports Assoclatlon Rèport of the Truste08 forthe Year End•d 31 May 2023 The trustees who are also dlr6Ctors ol th9 charfly for the purposes gf the Companles Act 2006, pre5enl thelr report wilh tr financial 8tatem&nts of th& ¢hÉrity for the year ended 31 M8y 2023. The trustee$ have 8dopted th& pro￿s7OnS of A¢Gounllng and Reporting by Charities.. Statem8nl of Recommended Prndlce opplicable to charltles pr&paring thair 8ccoun& accordance wllh Ihe Finanrial R6POrting St8nd8rd appll¢able In thè UK And Ropublic of Ireland IFRS 1021 (effective 1 January 20191. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng dgGument Th8 charlty is cAntrolled by Ils gOVer￿ng document, a deed of fwsL aTh1 constiluks a Ilmlted company, Ilmsted by guaranlee, as deflned by th& Comp8ni85 Act 2006. REFERENCE AND ADMINISTRATIVE DETAIL8 Rgglstsrgd Company numbor 07890840 (Ewland ar￿ Wale51 Rog18t8red Chwlty numb&r 114e256 Règlsterod offic• Ma¢kenzl& Bulkllno Fox Lin86 Queen's Avenue dershol Hampshire GU112LB TIL￿te48 Major Gene D Crook BrlgadlerJ Fossay Ms L Glles Lt Col J Rhod05 Caplaln L Wyatt Ireslgned 1,9.221 Colongr G Safton Company Socrotary Ll Col S Davls Indopondent Ex8mln•r l£n Fulcher FCA Blackwood Fulcher& C4. Chartered A￿OUnts1 9 St Georges Yard Farnham Surrey GU97LW Approvèd by orderof b08rd of trusl886 on............. 8rNI signed Dn Its b8half by,. M8 L Glles- Truslee Page I Ind8pendenf Exarnlnees Report to th8 Trustees of Army Wlnlfrr Sport8 A880clation Indepgndollt examlngrfs Nport to thè frugteos ofAmiyWlntorSport8 A$8ociatlon fihg Compllny'l I reFOrt to the ¢harily truslees on my 8xamhallon of the accoun1$ Df th8 Comparyfor th8 year énded 31 May 2023. Responslbllttlos and baBls ol report A5 the charilvs Iru5te88 01 the Compary18nd alsD lis dlrgclors for the wrposes of (*)rnpary lawl you 8re r08ponslble for the preparation of the accounls in accor)untlng records that rA)mply ￿th Secdons 388 and 387 Of the Companles A¢1 2006 and pr8p8rlng financial slatemenls whkh glve a true and lalr v￿￿ of the stat8 of affalr8 of th¢ ¢harltall8 company as al the end of each fin8nrJ81 year and of Ils surplus or deficll for each finan¢lal yèar In sccordanee wllh the requlrem8nts of Sections 394 and 395 and whlch othewisg conwly wilh the requlremènls of th9 Companles Act 2008 relatlng to rinanGl818t8temenls, 50 lar 8$ appIl￿ble to Ihe charitable CDmpeny. These flnaneial sialement8 have b88n prepared In a¢ex)rdancg with the provièions appllc9bb to charitable o)mpanie$ sublecl to Ihe small comp8nSe6 regim¢. Th8 finandal slal$ments were 8pproved by thè Board of Trust$88 and authorf88d lor iasue on and were slgned on Its b8haifby'. Ibl L Glle¥- TruBtee The notesform part olthese finandal Statements Pagg 4 Amiy Wlnl&r Sport5 A55oclatlon Cash Flow Statemonl for the Yèar Endgd 31 May 2023 31.5.23 31.5.22 Note8 Ca$h flow8 from operatlng aGtlvltles C88h generated from operallons Flnance costs pakl 13g,e981 17851 144,65fj1 16961 Nel eJ8h used In operallng acti￿1￿e8 140,4831 145.3521 CaNh flows from In￿$11n9 actlyltle Purchase of fixed 8SS8t Invgslment8 Sal& of fixe¢J assel Inv&slmen18 Int8r8sI roceivecl Dlvid8nds recelved 141,7591 41,759 757 8.299 27 7,e28 N91 cash prO￿￿ed by Inv85llng acllvlll¢8 9,05 7,655 h8ng8 In cash 8nd ¢aBh 8gulvalont8 In tho ￿portIng period C88h and ¢ash gquIv81gnts Bt thg bèglnnlng of the roportlnq perfod C46h and Ga8h equSval8nt8 ttt thg gnd of the reportlng pgrlod 131,4271 137,6971 99,330 137,027 67,903 99,330 The rn198 fomi partof these flnanclal $lalgmenls Page 5 Amy Wlnlgr Sport5 Assoclatlo Notes lo the Cash Flow Statemont f4Yth8 Yaar End8d 31 May 2023 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31,5.23 31,5,22 Not Incomè for th8 r8POrtlng perlod las p&rthe statsmgnt of Flngnclal Acti￿1[85) Adlustmonts for.. Los￿$ on investments In16r851 r8colvwJ Financa costs Dividgnds rgcaiv8d Incr&as& in debt015 Decr&e88 In cr6dilors 115 32,339 12,917 17571 785 18,2991 118.1871 126.3221 1.967 1271 696 17,6281 18321 171,3711 Net ¢a6h UBed In operations 139.6981 144,6561 ANALYSIS OF CHANGES IN NET FLINDS At i.e.22 Cash flow At 31.5.23 N•t cagh Cash 8t bank 99,330 131,4271 87,003 99,330 131.4271 67,903 Totsl 99,330 131,4271 87,gJ3 The noles form part of Ihese financial slulements Page 6 Amiy Wint•r5ports A880¢1at¥on Notas to the Flnanclal Stattrrnent8 for the Yoar Ended 31 May 2023 AGCCLINTING POLICIES Ba$15 01 pr8p8rlng thè flnanclal 8tOtem&nt$ The flnancial slalern8nls ol the charitable company, whl¢h is a public beneflt ellllly under FRS 102, hava b88n prepared in accordance with the Chsriti8s SORP IFRS 1021 'AccAunliw and Reportlng by ChaAlles.' Stslemenl Df Recomfflend8d Pradlce applicable to ch8rllles prepadng Ihgir accovnls In 8ccordance wilh th& Flnandal Reportlng Standard 8ppll¢able In the UK and Republic of Irelancl IFRS 1021 leffectlve 1 January 20191.. Financlgr ReportlNJ Slanclard 102 'Th& Flnancl81 Reporllng Standard appllcablè in tho UK and R8public of Irel0[￿, and the Companles Act 2006, Tho linanci818¢atemen18 hav8 bogn prpp8red under Ihg historical cost convention, wllh Ihg exc8pIK)n ol Investment8 whkh sr6 included st rnark81 value, as modified by Ihg r8vslu8lion of certain a888ts. Income All Income Is recognk8ed In Iho Slaiemenl of Fkn8nclg1 Acllvllle8 once th& charfty h96 enllllemonl to the funds, 11 Is probable that the Incorne wlll be rgcefved and the amount Can be mwasured reliably. Expendllurn Liablllllos are ra¢ognlsed as 8XP8ndilure as soon as Ihero15 a legal or ¢onsliuoliv8 obllgallon commllllno Ihg chailly Ih818XP8ndlluw, it is probable th81 a Iransler of economlc benefit3 will be requir8d In 8elllemenl and the arnounl of th8 obligation ean be measU￿d raliably. Expenditure Is accounled for on £ccrus18 b88is and has b89n c18sslll8d under headlng8 thAt oggrogale Bll cost r6lalBd lo Ihe catsgory. Where cos19 cannot be dlr¢dly allribuled lo partlcular headlngs Ihoy have been alloc81od to oct1￿110$ on a bo818 ￿ns[stent wlth tho u88 of r8soin88. GTanl8 offer6d subject lo condllk)ns whlch h8ve not beon met 01 Ihe year end do19 Sra noted as a commllmonl bul 19e¢rued as 9xpendllure. Taxallon The charlly Is exgrnpl fmm CO￿OratIon tsx on Its char119blg aCt￿lIst$. Fund ￿C00u￿t1ng Unregtrlcted lunds c4n be u88d In 8cconlanc8 wllh the tharllable oblecllvas at the d18ciellon ol th• Iruste88. Resldcted lund5 cen only be VBed lor partlcular resl+lcled purp03e8 wllhln the oblecls ol the charfly. Rè8trktlo arls8 when spoelfièd by the donor or when lunds aro r8lsed lor partlculsr re8trlcted purposes. Further expla￿110n of the n8lure Bnd purpJ80 ol each lur￿ ts IrKlud8d In the rnteB to th8 flnon¢lal stalements. DONATIONS AND LEGACIE8 31,6,23 31.5.22 Don81ions Glft Éld Legade$ Grants Membershlp fee5 Central recharges S818 of equiprnenl clolhl 436,797 3,241 295 92,637 21.583 13,214 4,150 170.98S 71,121 18.834 15,577 571,917 276,317 Grants r8c8ived. Induded In the above, 8r? as follow8.' 31.5.23 31.5.22 Othyr grants 92,637 71,121 Pggè 7 nl1[￿￿d... Amiy Wlntersports A880clalFon Not88 to th8 Fknanclal Stat•MOnts. contlnugd for the YeAr Ended 31 May 2023 INVESTMENT INCOME 31.5.23 31.5.22 othBr participallng Interests oep0s￿l accaunl InlBrest 8.299 757 7,628 27 ,056 7,e55 CHARITABLE ACTivifiEs COSTS Grant fuThJing ol aclivilie 199è nole Suppori CO818188e lee} Direct Co3ts TDtaL8 Clolhlro gnd equlpmenl Web-8ile cosis Snow 8nd ice M8@Ilno expenses Gran18 lo 1ndlvldua16 Membe¥8hlp costs Offi¢la18 expen$o¥ Bank charg88 Markellng 2,736 2,738 1.500 171 2.736 2,738 1.SOO 518,B94 518,894 e91 1,769 785 14,492 1,789 785 14.492 24,097 518,894 785 643,776 GRANTS PAYABLE 31.5.23 31.8.22 Grants to Indlwhlug18 618,894 217,313 SUPPORT COST8 Govemance toslB Flnanc Total Olhfjr r88DU￿Qa expgnded Bank chgtg¢8 24,165 24,165 785 785 785 24,165 24,950 TRUSTEES, REMUNERATION AND BENEFITS Ther9 were nD Irusteeg, r•tnuner8tlon or oth9r b9wfit6 for the yoar eThJed 31 May 2023 Thir for thg ￿Or ènded 31 May 2022. Trusteg9' OX￿￿898 Thero w8rg rK) trustees. exp8nse$ pald fDr the yesr ended 31 May 2023 norfgr Ihe year gnded 31 May 2022. P8ge 8 onlSnued... Army Wlnter Sports A550clatlon Note8 to Flnan¢lal Statements- contlnued lor th& Year Endod 31 M8y 2023 STAFF G05TS 31.5.23 31,5.22 Wage8 and salari&s 19,1583 1g,670 19,883 19,670 The avgraoe mcrtthy Nmbèr ofgmployees durfThJ the y88rw86 as follews.. 31.5.23 31.5.22 Fkn8nc8 officer No 8mployees ro¢8lved ernolurnents In tXCès¥ of£6D,WO, FIXED ASSET INVESTMENTS Llsl¢d Inveslmenls MARKET VALUE Al 1 June 2022 Additions DI8Fosal6 R8valuallon8 180.268 41.7S9 143,7391 110,9371 Al 31 Mey 2023 167.349 NET BOOK VALUE Al 31 May 2023 167,349 Al 31 May 2022 18D,28e There wera no Inveslmanl ag&els oulslde the UK. Cost or valuatbn 8131 Mey 2023 Is repre8enled by.. Lbted InveslmènlB V3lu8llon In 2021 v4lu8lon In 2022 Valuallon In 2023 Cost 25,431 11,9671 110,9371 154,822 167,349 Paue 9 continued... Amiy Wlntersports AssoGlatlon Notes to th8 Financ1￿ Staloments. contlnued for Iho Yoar End&d 31 May 2023 10. OEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.5.23 31.S.22 Other debtors 51,986 33,849 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.5.23 31.5.22 Other CTedltors 37.248 08,670 MOVEMENT IN FUNDS Nel rn¢)vemenl In fu￿9 At 31.5.23 At 1.6.22 UnTO8trl¢t•d funds Gonar81 knd 249,875 115 249,trJJ TOTAL FUNDS 24g,875 11B 249,990 Nel movem•nt In funds, Includgd kn Ihe above ar¢ 88 folbw8'. In¢omlnG resource¥ Resource expended GBSns snd 1088e8 Movemonl In lund8 Unreslrlct•d funda General fund 580,973 15e7.9411 112,9171 TOTAL FUNDS S80,973 1567,9411 112,9171 115 Comparatlv•8 for movemtnl In funds Nel mov9rn9nt In fund Al 31.5.22 Al 1.6.21 Unre8trleted funds General lund 217,536 32.339 249,875 TOTAL FUNDS 217,538 32,339 249,875 Comparallvo nel movomenl in funds, Included In the abDV6 4ffj as follows.. Incomlng resource8 R8sources 8xpBnded Garn3 8nd sses Movement in luncss Unrestdctgd funds Ggn&ral fund 283,972 1249,6661 11,9671 32,339 TOTAL FUNDS 283,972 1249,8661 11,9871 32,339 Page 10 Contir￿ed... Amiy Wlnt6r Sport5 Assoclation Note$ to the FinanGIO1 Statomant8- Gontlnuad for the Year Ended 31 May 2023 12. MOVEMENT IN FUNDS. contrnuèd A current year 12 months and PriDryear 12 monlhs combln6d posilon18 a9 folovvs.. Nel movemont In funds At 31,5.23 At 1.6.21 Unr08trlcted funds General fund 217,536 32.454 249,990 TOTAL FUNDS 217,536 32,454 249,99) A current year 12 monlhs 8nd plor year 12 rntsnlhs combln8d nel movement In funds, I￿luded In tha abcve ar8 ¥8 folbw8.' Incomlng re$ourceB Resources expended Goins and Io$$t75 Mov&menl In fund8 Unreslrlctod lunds Gertsral fund 864.94E 1817,6071 114,8841 32.454 TOTAL FUNDS 864.94S 1817,6071 114.8841 32,454 13, RELATEO PARTY DISCLOSURES There were no ralaled pariy transactlon8 for Ihg Yeare￿•d 31 M8y 2023. Pagell Amiy Wlnter Sports Associatlon Dgtalled Statem8nt of Financlal AGtlvlti88 for ¢h* Yeai Ended 31 May 2023 31,5.23 31.5.22 INCOME AND ENDOWMENTS Don8tlon8 and 19gacl•s Oon8b'o Gift akl Legacles Gr8nls Member8hlp f&es Centr81 recharg85 Sal6 of equipment clothl 436.797 3,241 295 92,637 21,583 13,214 4.150 170.98S 71,121 18,634 15,677 S71,917 276.317 Investment Incomo Olh9r partlcipallng Intero5ts Deposil 8ccounl Interest 8,299 757 7,628 27 9,066 7,855 Total In¢omSng IBsixirc•8 580,973 283,972 EXPENDITURE Charitable Bcflvltl8$ Memborshlp costs oiriclal8 gxpens£ expen6Q8 CIDlhlng and Equlpmeni we￿$11& expens£s Snow and Ice ma￿011n9 Granlg lo Indfvidua18 691 1,7e9 171 2.738 2,738 1,500 14,492 618,894 550 4,e29 S17 305 1,321 217,313 542,991 226,035 8upport co8t8 Flninco Bank char995 785 698 Gov•rnanc8 coB18 Wages Insuran TelephDne Postage and olheroflhx costs Sundrt85 A¢counlaFy and leg81 fse$ 19,883 762 19.670 777 600 gg 2,821 1,247 796 1,381 24,165 23,925 Total rewurces expgnded Se7,941 249.868 Ngl kncomg galns and1088&8 13,032 34,30e This p8g8 does notfomi part of the stalulory ￿aNcIal slalement5 Pso8 12 Am)y Wlnter Sport$ Assoclatlon D8tallgd Statsment of Financlal Actlvltl¢s for the Year Endod 31 May 2023 31.5.23 31.6.22 Rèalis6d recogn18ad oalns ond 10s5es Reallsed galnslllosse81 on fixed assel Investmenls Net In¢orn8 11,9801 11,052 34,306 Thb page do8s rK>tfom) part of the statutory finan¢lal ststements Page 13 REGISTERED COMPANY NUMBER.. 07890840 (England and Wale$l REGISTERED CHARITY NVMBER.. 1146256 Rgport oftho TFu8te84 and Unaudttod Flnanclal Stat•m•nt$ forth$ Yvor Ended 31 May 2023 for Arny Wlntor SportB A$8oclatlon Blackwood Fulchgr & Co. Chartersd Accountan15 9 Sl GeorgeB Y0r¢ Fèjrnham Surrey GU9 7LW Army Wlnter Sports A86udatlon Contgnls of th• Flnanclal StatgmontS forthg Y￿r Ended 31 May 2023 Pag• R9POrt ofthe Tru8teo$ Indep•nd8nt Exomlno¢¥ Report statement of Flnanclal Aetivl¢l? Bqlan¢• Shegl Cash Flow Stat•mgnl Nolos lo the Ca8h Flow 8tat•menl Not•8 to Iho Flnanelul Stat8mont8 7 to 11 D•to118d Statgm•rt of Fln4ncl81 Actfvitl•¥ 12 10 18 Anny INlntorSports Assoclatlon Rèport of the Truste08 forthe Year End•d 31 May 2023 The trustees who are also dlr6Ctors ol th9 charfly for the purposes gf the Companles Act 2006, pre5enl thelr report wilh tr financial 8tatem&nts of th& ¢hÉrity for the year ended 31 M8y 2023. The trustee$ have 8dopted th& pro￿s7OnS of A¢Gounllng and Reporting by Charities.. Statem8nl of Recommended Prndlce opplicable to charltles pr&paring thair 8ccoun& accordance wllh Ihe Finanrial R6POrting St8nd8rd appll¢able In thè UK And Ropublic of Ireland IFRS 1021 (effective 1 January 20191. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng dgGument Th8 charlty is cAntrolled by Ils gOVer￿ng document, a deed of fwsL aTh1 constiluks a Ilmlted company, Ilmsted by guaranlee, as deflned by th& Comp8ni85 Act 2006. REFERENCE AND ADMINISTRATIVE DETAIL8 Rgglstsrgd Company numbor 07890840 (Ewland ar￿ Wale51 Rog18t8red Chwlty numb&r 114e256 Règlsterod offic• Ma¢kenzl& Bulkllno Fox Lin86 Queen's Avenue dershol Hampshire GU112LB TIL￿te48 Major Gene D Crook BrlgadlerJ Fossay Ms L Glles Lt Col J Rhod05 Caplaln L Wyatt Ireslgned 1,9.221 Colongr G Safton Company Socrotary Ll Col S Davls Indopondent Ex8mln•r l£n Fulcher FCA Blackwood Fulcher& C4. Chartered A￿OUnts1 9 St Georges Yard Farnham Surrey GU97LW Approvèd by orderof b08rd of trusl886 on............. 8rNI signed Dn Its b8half by,. M8 L Glles- Truslee Page I Ind8pendenf Exarnlnees Report to th8 Trustees of Army Wlnlfrr Sport8 A880clation Indepgndollt examlngrfs Nport to thè frugteos ofAmiyWlntorSport8 A$8ociatlon fihg Compllny'l I reFOrt to the ¢harily truslees on my 8xamhallon of the accoun1$ Df th8 Comparyfor th8 year énded 31 May 2023. Responslbllttlos and baBls ol report A5 the charilvs Iru5te88 01 the Compary18nd alsD lis dlrgclors for the wrposes of (*)rnpary lawl you 8re r08ponslble for the preparation of the accounls in accor)untlng records that rA)mply ￿th Secdons 388 and 387 Of the Companles A¢1 2006 and pr8p8rlng financial slatemenls whkh glve a true and lalr v￿￿ of the stat8 of affalr8 of th¢ ¢harltall8 company as al the end of each fin8nrJ81 year and of Ils surplus or deficll for each finan¢lal yèar In sccordanee wllh the requlrem8nts of Sections 394 and 395 and whlch othewisg conwly wilh the requlremènls of th9 Companles Act 2008 relatlng to rinanGl818t8temenls, 50 lar 8$ appIl￿ble to Ihe charitable CDmpeny. These flnaneial sialement8 have b88n prepared In a¢ex)rdancg with the provièions appllc9bb to charitable o)mpanie$ sublecl to Ihe small comp8nSe6 regim¢. Th8 finandal slal$ments were 8pproved by thè Board of Trust$88 and authorf88d lor iasue on and were slgned on Its b8haifby'. Ibl L Glle¥- TruBtee The notesform part olthese finandal Statements Pagg 4 Amiy Wlnl&r Sport5 A55oclatlon Cash Flow Statemonl for the Yèar Endgd 31 May 2023 31.5.23 31.5.22 Note8 Ca$h flow8 from operatlng aGtlvltles C88h generated from operallons Flnance costs pakl 13g,e981 17851 144,65fj1 16961 Nel eJ8h used In operallng acti￿1￿e8 140,4831 145.3521 CaNh flows from In￿$11n9 actlyltle Purchase of fixed 8SS8t Invgslment8 Sal& of fixe¢J assel Inv&slmen18 Int8r8sI roceivecl Dlvid8nds recelved 141,7591 41,759 757 8.299 27 7,e28 N91 cash prO￿￿ed by Inv85llng acllvlll¢8 9,05 7,655 h8ng8 In cash 8nd ¢aBh 8gulvalont8 In tho ￿portIng period C88h and ¢ash gquIv81gnts Bt thg bèglnnlng of the roportlnq perfod C46h and Ga8h equSval8nt8 ttt thg gnd of the reportlng pgrlod 131,4271 137,6971 99,330 137,027 67,903 99,330 The rn198 fomi partof these flnanclal $lalgmenls Page 5 Amy Wlnlgr Sport5 Assoclatlo Notes lo the Cash Flow Statemont f4Yth8 Yaar End8d 31 May 2023 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31,5.23 31,5,22 Not Incomè for th8 r8POrtlng perlod las p&rthe statsmgnt of Flngnclal Acti￿1[85) Adlustmonts for.. Los￿$ on investments In16r851 r8colvwJ Financa costs Dividgnds rgcaiv8d Incr&as& in debt015 Decr&e88 In cr6dilors 115 32,339 12,917 17571 785 18,2991 118.1871 126.3221 1.967 1271 696 17,6281 18321 171,3711 Net ¢a6h UBed In operations 139.6981 144,6561 ANALYSIS OF CHANGES IN NET FLINDS At i.e.22 Cash flow At 31.5.23 N•t cagh Cash 8t bank 99,330 131,4271 87,003 99,330 131.4271 67,903 Totsl 99,330 131,4271 87,gJ3 The noles form part of Ihese financial slulements Page 6 Amiy Wint•r5ports A880¢1at¥on Notas to the Flnanclal Stattrrnent8 for the Yoar Ended 31 May 2023 AGCCLINTING POLICIES Ba$15 01 pr8p8rlng thè flnanclal 8tOtem&nt$ The flnancial slalern8nls ol the charitable company, whl¢h is a public beneflt ellllly under FRS 102, hava b88n prepared in accordance with the Chsriti8s SORP IFRS 1021 'AccAunliw and Reportlng by ChaAlles.' Stslemenl Df Recomfflend8d Pradlce applicable to ch8rllles prepadng Ihgir accovnls In 8ccordance wilh th& Flnandal Reportlng Standard 8ppll¢able In the UK and Republic of Irelancl IFRS 1021 leffectlve 1 January 20191.. Financlgr ReportlNJ Slanclard 102 'Th& Flnancl81 Reporllng Standard appllcablè in tho UK and R8public of Irel0[￿, and the Companles Act 2006, Tho linanci818¢atemen18 hav8 bogn prpp8red under Ihg historical cost convention, wllh Ihg exc8pIK)n ol Investment8 whkh sr6 included st rnark81 value, as modified by Ihg r8vslu8lion of certain a888ts. Income All Income Is recognk8ed In Iho Slaiemenl of Fkn8nclg1 Acllvllle8 once th& charfty h96 enllllemonl to the funds, 11 Is probable that the Incorne wlll be rgcefved and the amount Can be mwasured reliably. Expendllurn Liablllllos are ra¢ognlsed as 8XP8ndilure as soon as Ihero15 a legal or ¢onsliuoliv8 obllgallon commllllno Ihg chailly Ih818XP8ndlluw, it is probable th81 a Iransler of economlc benefit3 will be requir8d In 8elllemenl and the arnounl of th8 obligation ean be measU￿d raliably. Expenditure Is accounled for on £ccrus18 b88is and has b89n c18sslll8d under headlng8 thAt oggrogale Bll cost r6lalBd lo Ihe catsgory. Where cos19 cannot be dlr¢dly allribuled lo partlcular headlngs Ihoy have been alloc81od to oct1￿110$ on a bo818 ￿ns[stent wlth tho u88 of r8soin88. GTanl8 offer6d subject lo condllk)ns whlch h8ve not beon met 01 Ihe year end do19 Sra noted as a commllmonl bul 19e¢rued as 9xpendllure. Taxallon The charlly Is exgrnpl fmm CO￿OratIon tsx on Its char119blg aCt￿lIst$. Fund ￿C00u￿t1ng Unregtrlcted lunds c4n be u88d In 8cconlanc8 wllh the tharllable oblecllvas at the d18ciellon ol th• Iruste88. Resldcted lund5 cen only be VBed lor partlcular resl+lcled purp03e8 wllhln the oblecls ol the charfly. Rè8trktlo arls8 when spoelfièd by the donor or when lunds aro r8lsed lor partlculsr re8trlcted purposes. Further expla￿110n of the n8lure Bnd purpJ80 ol each lur￿ ts IrKlud8d In the rnteB to th8 flnon¢lal stalements. DONATIONS AND LEGACIE8 31,6,23 31.5.22 Don81ions Glft Éld Legade$ Grants Membershlp fee5 Central recharges S818 of equiprnenl clolhl 436,797 3,241 295 92,637 21.583 13,214 4,150 170.98S 71,121 18.834 15,577 571,917 276,317 Grants r8c8ived. Induded In the above, 8r? as follow8.' 31.5.23 31.5.22 Othyr grants 92,637 71,121 Pggè 7 nl1[￿￿d... Amiy Wlntersports A880clalFon Not88 to th8 Fknanclal Stat•MOnts. contlnugd for the YeAr Ended 31 May 2023 INVESTMENT INCOME 31.5.23 31.5.22 othBr participallng Interests oep0s￿l accaunl InlBrest 8.299 757 7,628 27 ,056 7,e55 CHARITABLE ACTivifiEs COSTS Grant fuThJing ol aclivilie 199è nole Suppori CO818188e lee} Direct Co3ts TDtaL8 Clolhlro gnd equlpmenl Web-8ile cosis Snow 8nd ice M8@Ilno expenses Gran18 lo 1ndlvldua16 Membe¥8hlp costs Offi¢la18 expen$o¥ Bank charg88 Markellng 2,736 2,738 1.500 171 2.736 2,738 1.SOO 518,B94 518,894 e91 1,769 785 14,492 1,789 785 14.492 24,097 518,894 785 643,776 GRANTS PAYABLE 31.5.23 31.8.22 Grants to Indlwhlug18 618,894 217,313 SUPPORT COST8 Govemance toslB Flnanc Total Olhfjr r88DU￿Qa expgnded Bank chgtg¢8 24,165 24,165 785 785 785 24,165 24,950 TRUSTEES, REMUNERATION AND BENEFITS Ther9 were nD Irusteeg, r•tnuner8tlon or oth9r b9wfit6 for the yoar eThJed 31 May 2023 Thir for thg ￿Or ènded 31 May 2022. Trusteg9' OX￿￿898 Thero w8rg rK) trustees. exp8nse$ pald fDr the yesr ended 31 May 2023 norfgr Ihe year gnded 31 May 2022. P8ge 8 onlSnued... Army Wlnter Sports A550clatlon Note8 to Flnan¢lal Statements- contlnued lor th& Year Endod 31 M8y 2023 STAFF G05TS 31.5.23 31,5.22 Wage8 and salari&s 19,1583 1g,670 19,883 19,670 The avgraoe mcrtthy Nmbèr ofgmployees durfThJ the y88rw86 as follews.. 31.5.23 31.5.22 Fkn8nc8 officer No 8mployees ro¢8lved ernolurnents In tXCès¥ of£6D,WO, FIXED ASSET INVESTMENTS Llsl¢d Inveslmenls MARKET VALUE Al 1 June 2022 Additions DI8Fosal6 R8valuallon8 180.268 41.7S9 143,7391 110,9371 Al 31 Mey 2023 167.349 NET BOOK VALUE Al 31 May 2023 167,349 Al 31 May 2022 18D,28e There wera no Inveslmanl ag&els oulslde the UK. Cost or valuatbn 8131 Mey 2023 Is repre8enled by.. Lbted InveslmènlB V3lu8llon In 2021 v4lu8lon In 2022 Valuallon In 2023 Cost 25,431 11,9671 110,9371 154,822 167,349 Paue 9 continued... Amiy Wlntersports AssoGlatlon Notes to th8 Financ1￿ Staloments. contlnued for Iho Yoar End&d 31 May 2023 10. OEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.5.23 31.S.22 Other debtors 51,986 33,849 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.5.23 31.5.22 Other CTedltors 37.248 08,670 MOVEMENT IN FUNDS Nel rn¢)vemenl In fu￿9 At 31.5.23 At 1.6.22 UnTO8trl¢t•d funds Gonar81 knd 249,875 115 249,trJJ TOTAL FUNDS 24g,875 11B 249,990 Nel movem•nt In funds, Includgd kn Ihe above ar¢ 88 folbw8'. In¢omlnG resource¥ Resource expended GBSns snd 1088e8 Movemonl In lund8 Unreslrlct•d funda General fund 580,973 15e7.9411 112,9171 TOTAL FUNDS S80,973 1567,9411 112,9171 115 Comparatlv•8 for movemtnl In funds Nel mov9rn9nt In fund Al 31.5.22 Al 1.6.21 Unre8trleted funds General lund 217,536 32.339 249,875 TOTAL FUNDS 217,538 32,339 249,875 Comparallvo nel movomenl in funds, Included In the abDV6 4ffj as follows.. Incomlng resource8 R8sources 8xpBnded Garn3 8nd sses Movement in luncss Unrestdctgd funds Ggn&ral fund 283,972 1249,6661 11,9671 32,339 TOTAL FUNDS 283,972 1249,8661 11,9871 32,339 Page 10 Contir￿ed... Amiy Wlnt6r Sport5 Assoclation Note$ to the FinanGIO1 Statomant8- Gontlnuad for the Year Ended 31 May 2023 12. MOVEMENT IN FUNDS. contrnuèd A current year 12 months and PriDryear 12 monlhs combln6d posilon18 a9 folovvs.. Nel movemont In funds At 31,5.23 At 1.6.21 Unr08trlcted funds General fund 217,536 32.454 249,990 TOTAL FUNDS 217,536 32,454 249,99) A current year 12 monlhs 8nd plor year 12 rntsnlhs combln8d nel movement In funds, I￿luded In tha abcve ar8 ¥8 folbw8.' Incomlng re$ourceB Resources expended Goins and Io$$t75 Mov&menl In fund8 Unreslrlctod lunds Gertsral fund 864.94E 1817,6071 114,8841 32.454 TOTAL FUNDS 864.94S 1817,6071 114.8841 32,454 13, RELATEO PARTY DISCLOSURES There were no ralaled pariy transactlon8 for Ihg Yeare￿•d 31 M8y 2023. Pagell Amiy Wlnter Sports Associatlon Dgtalled Statem8nt of Financlal AGtlvlti88 for ¢h* Yeai Ended 31 May 2023 31,5.23 31.5.22 INCOME AND ENDOWMENTS Don8tlon8 and 19gacl•s Oon8b'o Gift akl Legacles Gr8nls Member8hlp f&es Centr81 recharg85 Sal6 of equipment clothl 436.797 3,241 295 92,637 21,583 13,214 4.150 170.98S 71,121 18,634 15,677 S71,917 276.317 Investment Incomo Olh9r partlcipallng Intero5ts Deposil 8ccounl Interest 8,299 757 7,628 27 9,066 7,855 Total In¢omSng IBsixirc•8 580,973 283,972 EXPENDITURE Charitable Bcflvltl8$ Memborshlp costs oiriclal8 gxpens£ expen6Q8 CIDlhlng and Equlpmeni we￿$11& expens£s Snow and Ice ma￿011n9 Granlg lo Indfvidua18 691 1,7e9 171 2.738 2,738 1,500 14,492 618,894 550 4,e29 S17 305 1,321 217,313 542,991 226,035 8upport co8t8 Flninco Bank char995 785 698 Gov•rnanc8 coB18 Wages Insuran TelephDne Postage and olheroflhx costs Sundrt85 A¢counlaFy and leg81 fse$ 19,883 762 19.670 777 600 gg 2,821 1,247 796 1,381 24,165 23,925 Total rewurces expgnded Se7,941 249.868 Ngl kncomg galns and1088&8 13,032 34,30e This p8g8 does notfomi part of the stalulory ￿aNcIal slalement5 Pso8 12 Am)y Wlnter Sport$ Assoclatlon D8tallgd Statsment of Financlal Actlvltl¢s for the Year Endod 31 May 2023 31.5.23 31.6.22 Rèalis6d recogn18ad oalns ond 10s5es Reallsed galnslllosse81 on fixed assel Investmenls Net In¢orn8 11,9801 11,052 34,306 Thb page do8s rK>tfom) part of the statutory finan¢lal ststements Page 13