**ARMY WINTER SPORTS ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2024** ## **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 23/24 - 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** 8. **Governance Structure** . The AWSA governance structure comprises an Executive (Trustees) and Management Committee as detailed below. ## 9. **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) Deputy Screening 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 23/24 - 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. 10. **Management Committee** . The Executive will manage AWSA activity through a Management Committee which will meet twice annually, usually in May and October/November. In 2024 the Meetings were held on 9 May 24 and 24 Oct 24 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. AWSA Contracts Manager. - f. AWSA Public Fund Manager. - g. Chair of the AFPST or a representative. (Non-voting). - h. Co-opted members as required. (Non-voting). 11. **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. 12. **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 2024, took place at the Cavalry and Guards Club, London on 24 Oct 24. ## FINANCIAL POLICIES 13. **General** . The Trustees are responsible for the financial health and good financial management of the AWSA. AWSA Trustees Report 23/24 - 3 14. **Priorities for Expenditure** . The priority for the use of Charity funds for the 23/24 period was as follows: 15. **Expenditure** . The Trustees agreed the following for 23/24: 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 £21K could be spent on Protocol, which included VIP hosting at Army events, the Chair’s Dinner (when organised) and the 2023 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 23/24 Season the Trustees agreed the following grants: - (1) Elite Athletes – up to £6K. - (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. **23/24 Financial Overview** . In detail, the financial expenditure for the 2023/24 season was forecast at £266 to cover the following areas of outlay: Communications 1.5K, Grants to Disciplines £203K, Protocol £20K, The Finance Offr £10K, Governance £4K, equipment £17K and miscellaneous costs associated with equip, meetings, admin, membership £2K, developing athletes £6K, officials and Bank Charges £3.5K. Overall Income was forecasted as £277 however, additional last minute new income through sponsorship enabled the accounts to close with a surplus of £28,218K. ## **MAJ GEN D CROOK – CHAIR’S REPORT 23/24** 20. **General** . Over the course of the year, we faced increasing in-year financial pressures with all areas of the Army's budget again under constant scrutiny. Army Winter Sports have fought a number of close battles over the past 6-months to not only save funding, but I would suggest the survival and existence of winter activity as an Army activity. The fact that we had a very highprofile President in CGS, an active and engaged Vice Chair and a team of hard working individuals behind the scenes owes a lot to the fact we were able to celebrate in such numbers at our seasons launch in Oct. 21. Over recent years we corralled the wider AWSA enterprise which now includes all Corps level activity and I can report that were 38 exercises deployed across Europe this season with numbers in attendance as high as they have ever been. Testament to this the Qualifying Championships were oversubscribed by 250 applications against a capacity of 500. As things stand, I believe we can only focus a year at a time and whilst we have strengthened our long-term AWSA Trustees Report 23/24 - 4 position as a leading sport in the Army’s portfolio and remain a valuable training activity for the Army chain of command, we are always in the gaze of financial scrutiny. 22. **Elite Athletes** . I think we were all aware of the outstanding performances of our athletes over the past couple of seasons. We currently have 1 athlete on the various Elite Athlete programmes, and 4 receiving Army Sport Scholarships. Capt Marcus Webb continues to work with the BBU in Nordic and Biathlon on a pathway to the 2026 Olympics with three further Nordic athletes in the pipeline. 23. **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 Army Sport and MSE for your substantial support to the Association, specifically those who increased their support for the year; this proved hugely beneficial against the increasing costs we are all experiencing both at home and in Europe. I must also welcome our old friends from Team Army and those potential sponsors who sit in the wings as work is undertaken to develop a closer working relationship between Army Sport, MSE and Team Forces that we hope will see benefits for us all. And finally, to our ‘Friends of the AWSA’; Your collective support is hugely appreciated. 24. **Summary** . All that remains is to keep our fingers crossed that climate change and the weather do not combine to make the Alpes more suitable to mountain biking that skiing this winter. I look forward to seeing you all at some point on snow this season. The Association is in excellent order. ## SAJ Davis SAJ DAVIS Lt Col (Retd) Secretary for Chair 14 Mar 25 AWSA Trustees Report 23/24 - 5 REGISTERED COMPANY NUMBER: 07890840 (England and Wales} REGISTERED CHARITY NUMBER: 1146256 Report of th8 Trustees and Unaudlted Financial Statsments for tho Year Ended 31 May 2024 Am)y Winter Sports Asso¢lation Blathvixjd Futcher & Co. Chartered Accounlanls 9 Sl George'5 Yard Fartham Surrey Gug 7LW Amiy Wlnt¢r Sports Association Conlonts of the Flnan¢ial Statements for tho Year Endod 31 May 2024 Page Report of the Trustees Independent Examinerfs Roport Statement of Financlal Actlvltles Balunce Sheet Cash Flow Statement Notes to the Cash Flow Statement Notes to the Flnan¢lal Ststemonts 7 10 11 Dgtalled Slatornent of Flnan¢ial Actlvltlos 12 10 13 Amiy Wlnter Sports Assoclation Report of the Trustees for tho Year Ended 31 May 2024 The trustees who are also ¢ireclors of Ihe chaiity for the purp05e¥ of Ihe Companies Acl 2006, present Iheir report willi the financial slalemenls of the charily for Ihe year ended 31 May 2024. The Injsiees have adopled the provisions of Accounting and Reporting by CharSlles'. Slalemenl of RecommenLled Praclice applicable lo cliarilies preparing their accoun15 in accordance with the Financial Reporting Standard applicable in Ihe UK snd Republic of Irela¢￿ IFRS 102) lefl8clive 1 January 20191. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing documont The charity Is conlrolled by Its govemlng dOc￿len1. a deed of Irusl. and ￿T￿litUteS 8 limited company, Ilmlled by guarantee, a5 defined by the Companles Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Reglslorgd Company number 07890840 (England and W81esl Régistered Charlty number 1146256 Reglsterod 0ffl¢o Mackenzie Bullding Fox Lines Queen's Avenue Aldershol Hamp8hlre GU112L8 Tru8t89S Major Ggne D Crook {res19n8d 9,5.241 Brigadler J Fossey Ms L Giles (resigned 24.10.241 Lt Col J Rhode5 Colonel G Sellon O Dob$on {appoinled 9.5.241 Ll Col P Mlddlemlss lappolnled 24.10.24) Company Secretary Lt Col S D8Vts Indop8ndgnt Examiner lan fulch@r FCA Blackwood Fulchor & Co. Chartered Aco)unlants 9 Sl George's Yard Famliam Surrey GU9 7LW 20 Nov 24 Approved by order of the board of Iruslees on ............................................. and sKJned on ils beh8lf by.. Colonel G Sefton- Trustee Page 1 Indèpendent Examinerf5 Roport to the Twstees of Army Winter Sports Associallon Independent examinerfs report to the trustees of Amly Winler Sports A$sociatlon I'the Company? I report to the charily Iruslees on my examinalion of Ihe acco￿[5 of Ihe Company for the year ended 31 May 2024. Re5ponsibilltles and basls of report As tlie charilvs trustees of the Company laThJ also tts directNs for the pu￿SeS of company L8wl you are responslble for the preparation of the acGounts in acCordar￿￿ wth the requlremenls of Ihe Companies Act 2006 fihe 2006 Acl,). Having 8alisfied myself that the accounis of the Company are nol ￿qUire[l lo be audited under Part 16 of the 2006 Act and arè eligible for independent examinalM)n, I rewrt in respect of my examination of your charity's accounts as carried oul under Section 145 of the Charllies Act 2011 I'lhe 201 f Acl'}. In carrying oul my examination I have fc)Ilowed the Direclions given by the Charity Commlsslon Under Seclion 145{51 (b) of Ihe 2011 Acl. Indep&ndent examinorfs statement Since your charity's gmss income exceeded £250.000 your examiner musl be a member of a Ilsted body. I can conlim) that I am qvalilied lo undsrtake the examinat￿n because l am a member of the Institute of Chartered Accounlanls in England an Wales, which Is one of ihe Ilsted bodies I have completed my examinallon. l (K)nflnn Ihal ￿ mall8rs have Con￿ lo my atlenllon in conneciTvn wilh the examlnallon giving me cause to boli6ve'. accounting records were not kept in respect of the Company as required by SeciKin 386 of the 2006 Act., or the accounts do not accord wilh Ihose recotds., or tho accoun15 do not comply wtth LI￿ accounllng requirements ol Sectk)n 396 of Uie 2006 A¢1 olhgr than any quiremenl Ihal the accounts give a Iru6 and 18ir vlow whith Is r￿1 a maller consldered a5 parl of an independent examination- or the accounts have nol been Fyepared In ac(x)rdanc6 wilh Ihe methods aTrJ prlnriples of the Slalemenl of Recommendgd Practice for accounllng and reporting by ch8rilies (applicable lo cliarilles proparing Ilieir accounts In accordan￿ wilh the Flnancial Rewrting Slandard applicable In the UK and Republi¢ of Ireland {FRS 10211. I have no concems and 1i8ve come acros$ no other mallers in r￿nneCt￿in wilh the ex8minallon lo whicli allenlion Should be drawn in thls roport In order lo enablB a prpper underslandlng of Ihe arLounts lo be leached. lan Fulchor FCA The Inslllule of Chartorgd A¢counlanls in Engla￿1 arKI Wales Blackwood Fulcher & Co. Charlored Accounlanls 9 Sl George's Yard Farnliam Surrey GU9 7LW Dale.. Pag& 2 Amy Wlnter Sports Assoclation Statement of Financlal Activitie5 for the Year Endod 31 May 2024 31.5.24 Unrestricted fund 31.5.23 Total funds Notes INCOME AND ENDOWMENTS FROM Donalions and legacies 645,143 571,917 Inveslmenl income 9,015 9.056 Total 654.158 580,973 EXPENDITURE ON Charitoble actlvities Clothing and equipment Web-slle oosls Snow and ice Meeting expenses Grants to Inslilulions Grants lo indlvlduals Membershlp costs OffiGials exponses Bank cliarge5 Marketing 2,736 2,738 1,500 171 1,446 5.452 6,500 578,329 559 4,157 3,699 518,894 691 1,769 785 14,492 Olhor 25,798 24,165 Total 625,940 567,941 Nel gainslllosse51 on inveslmenls 8,735 112,917} NET INCOME 36,953 115 RECONCILIATION OF FUNDS Total funds brought forward 249,9 249,875 TOTAL FUNDS CARRIED FORWARD 286,943 249,990 The noles fomi parl of these financial stalemenis Page 3 Amiy W5nt•r Sports Association Balanc9 Slieet 31 May 2024 31.5.24 Unroslricled fund 31. Jf.23 Total funds Notes FIXED ASSETS Invoslments 176,084 167,349 CURRENT ASSETS Debtors Cash al b8nk 10 99,370 156,110 51,986 67,903 255,480 119,889 CREDrroRS Amounts falling due within one year 11 1144,621 } {37,2411) NET CURRENT ASSETS 110,859 82,641 TOTAL ASSETS LESS CURRENT LIABILITIES 286,943 249,990 NET ASSETS 286.943 249,990 FUNDS Unreslri¢led fuTrJs 12 286,943 249,990 TOTAL FUNDS 286,943 249,990 The charilable compsny 15 enulled trj exempllon from audil under SectK)n 477 of Ihe Companles Act 2006 for tho year endod 31 May 2024. The m8mbers have not required the wmpany lo obtaln an audit of its financial 81alemenls for ihe year endgd 31 May 2024 In accordan￿ wilh Secllon 476 of the Cornp8nies A(* 2006. The Iruslees acknowledge Ihelr responsibilllies for {al ensurlng that the charitable company keeps aco)unling re￿rdS thal Comply %￿lh S8Ctlons 386 and 387 of Iho Companles Act 2006 and preparing financial slalemenls which give a true an¢J falr vr6w of Ihe slale of affalrs of thg Qhahtable company 85 at the end of each financial year and of Ils surplus or deficil for each financial year in accordance wilh the iequirem@nts of Sectlons 394 and 395 and which 0lherwi5e Gomply with the requlremonls of the Companies Act 2Q06 rolaling lo finanrAal stalemenls. so far 8$ applicable lo the charitable compary. These financial slaiemenls have been prePar￿j In 8ccordance wilh the provisions applicable lo ctiariiable companies subject lo the small wmpanSes reglme. The financlal slalemenls were approved by ihe Board of TnJslee5 and aulhorised for I￿ve on and were 5igne Net income 28.218 11,052 This page does not form part of the statutory financial slalemenls Page 13 REGISTERED COMPANY NUMBER: 07890840 (England and Wales} REGISTERED CHARITY NUMBER: 1146256 Report of th8 Trustees and Unaudlted Financial Statsments for tho Year Ended 31 May 2024 Am)y Winter Sports Asso¢lation Blathvixjd Futcher & Co. Chartered Accounlanls 9 Sl George'5 Yard Fartham Surrey Gug 7LW Amiy Wlnt¢r Sports Association Conlonts of the Flnan¢ial Statements for tho Year Endod 31 May 2024 Page Report of the Trustees Independent Examinerfs Roport Statement of Financlal Actlvltles Balunce Sheet Cash Flow Statement Notes to the Cash Flow Statement Notes to the Flnan¢lal Ststemonts 7 10 11 Dgtalled Slatornent of Flnan¢ial Actlvltlos 12 10 13 Amiy Wlnter Sports Assoclation Report of the Trustees for tho Year Ended 31 May 2024 The trustees who are also ¢ireclors of Ihe chaiity for the purp05e¥ of Ihe Companies Acl 2006, present Iheir report willi the financial slalemenls of the charily for Ihe year ended 31 May 2024. The Injsiees have adopled the provisions of Accounting and Reporting by CharSlles'. Slalemenl of RecommenLled Praclice applicable lo cliarilies preparing their accoun15 in accordance with the Financial Reporting Standard applicable in Ihe UK snd Republic of Irela¢￿ IFRS 102) lefl8clive 1 January 20191. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing documont The charity Is conlrolled by Its govemlng dOc￿len1. a deed of Irusl. and ￿T￿litUteS 8 limited company, Ilmlled by guarantee, a5 defined by the Companles Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Reglslorgd Company number 07890840 (England and W81esl Régistered Charlty number 1146256 Reglsterod 0ffl¢o Mackenzie Bullding Fox Lines Queen's Avenue Aldershol Hamp8hlre GU112L8 Tru8t89S Major Ggne D Crook {res19n8d 9,5.241 Brigadler J Fossey Ms L Giles (resigned 24.10.241 Lt Col J Rhode5 Colonel G Sellon O Dob$on {appoinled 9.5.241 Ll Col P Mlddlemlss lappolnled 24.10.24) Company Secretary Lt Col S D8Vts Indop8ndgnt Examiner lan fulch@r FCA Blackwood Fulchor & Co. Chartered Aco)unlants 9 Sl George's Yard Famliam Surrey GU9 7LW 20 Nov 24 Approved by order of the board of Iruslees on ............................................. and sKJned on ils beh8lf by.. Colonel G Sefton- Trustee Page 1 Indèpendent Examinerf5 Roport to the Twstees of Army Winter Sports Associallon Independent examinerfs report to the trustees of Amly Winler Sports A$sociatlon I'the Company? I report to the charily Iruslees on my examinalion of Ihe acco￿[5 of Ihe Company for the year ended 31 May 2024. Re5ponsibilltles and basls of report As tlie charilvs trustees of the Company laThJ also tts directNs for the pu￿SeS of company L8wl you are responslble for the preparation of the acGounts in acCordar￿￿ wth the requlremenls of Ihe Companies Act 2006 fihe 2006 Acl,). Having 8alisfied myself that the accounis of the Company are nol ￿qUire[l lo be audited under Part 16 of the 2006 Act and arè eligible for independent examinalM)n, I rewrt in respect of my examination of your charity's accounts as carried oul under Section 145 of the Charllies Act 2011 I'lhe 201 f Acl'}. In carrying oul my examination I have fc)Ilowed the Direclions given by the Charity Commlsslon Under Seclion 145{51 (b) of Ihe 2011 Acl. Indep&ndent examinorfs statement Since your charity's gmss income exceeded £250.000 your examiner musl be a member of a Ilsted body. I can conlim) that I am qvalilied lo undsrtake the examinat￿n because l am a member of the Institute of Chartered Accounlanls in England an Wales, which Is one of ihe Ilsted bodies I have completed my examinallon. l (K)nflnn Ihal ￿ mall8rs have Con￿ lo my atlenllon in conneciTvn wilh the examlnallon giving me cause to boli6ve'. accounting records were not kept in respect of the Company as required by SeciKin 386 of the 2006 Act., or the accounts do not accord wilh Ihose recotds., or tho accoun15 do not comply wtth LI￿ accounllng requirements ol Sectk)n 396 of Uie 2006 A¢1 olhgr than any quiremenl Ihal the accounts give a Iru6 and 18ir vlow whith Is r￿1 a maller consldered a5 parl of an independent examination- or the accounts have nol been Fyepared In ac(x)rdanc6 wilh Ihe methods aTrJ prlnriples of the Slalemenl of Recommendgd Practice for accounllng and reporting by ch8rilies (applicable lo cliarilles proparing Ilieir accounts In accordan￿ wilh the Flnancial Rewrting Slandard applicable In the UK and Republi¢ of Ireland {FRS 10211. I have no concems and 1i8ve come acros$ no other mallers in r￿nneCt￿in wilh the ex8minallon lo whicli allenlion Should be drawn in thls roport In order lo enablB a prpper underslandlng of Ihe arLounts lo be leached. lan Fulchor FCA The Inslllule of Chartorgd A¢counlanls in Engla￿1 arKI Wales Blackwood Fulcher & Co. Charlored Accounlanls 9 Sl George's Yard Farnliam Surrey GU9 7LW Dale.. Pag& 2 Amy Wlnter Sports Assoclation Statement of Financlal Activitie5 for the Year Endod 31 May 2024 31.5.24 Unrestricted fund 31.5.23 Total funds Notes INCOME AND ENDOWMENTS FROM Donalions and legacies 645,143 571,917 Inveslmenl income 9,015 9.056 Total 654.158 580,973 EXPENDITURE ON Charitoble actlvities Clothing and equipment Web-slle oosls Snow and ice Meeting expenses Grants to Inslilulions Grants lo indlvlduals Membershlp costs OffiGials exponses Bank cliarge5 Marketing 2,736 2,738 1,500 171 1,446 5.452 6,500 578,329 559 4,157 3,699 518,894 691 1,769 785 14,492 Olhor 25,798 24,165 Total 625,940 567,941 Nel gainslllosse51 on inveslmenls 8,735 112,917} NET INCOME 36,953 115 RECONCILIATION OF FUNDS Total funds brought forward 249,9 249,875 TOTAL FUNDS CARRIED FORWARD 286,943 249,990 The noles fomi parl of these financial stalemenis Page 3 Amiy W5nt•r Sports Association Balanc9 Slieet 31 May 2024 31.5.24 Unroslricled fund 31. Jf.23 Total funds Notes FIXED ASSETS Invoslments 176,084 167,349 CURRENT ASSETS Debtors Cash al b8nk 10 99,370 156,110 51,986 67,903 255,480 119,889 CREDrroRS Amounts falling due within one year 11 1144,621 } {37,2411) NET CURRENT ASSETS 110,859 82,641 TOTAL ASSETS LESS CURRENT LIABILITIES 286,943 249,990 NET ASSETS 286.943 249,990 FUNDS Unreslri¢led fuTrJs 12 286,943 249,990 TOTAL FUNDS 286,943 249,990 The charilable compsny 15 enulled trj exempllon from audil under SectK)n 477 of Ihe Companles Act 2006 for tho year endod 31 May 2024. The m8mbers have not required the wmpany lo obtaln an audit of its financial 81alemenls for ihe year endgd 31 May 2024 In accordan￿ wilh Secllon 476 of the Cornp8nies A(* 2006. The Iruslees acknowledge Ihelr responsibilllies for {al ensurlng that the charitable company keeps aco)unling re￿rdS thal Comply %￿lh S8Ctlons 386 and 387 of Iho Companles Act 2006 and preparing financial slalemenls which give a true an¢J falr vr6w of Ihe slale of affalrs of thg Qhahtable company 85 at the end of each financial year and of Ils surplus or deficil for each financial year in accordance wilh the iequirem@nts of Sectlons 394 and 395 and which 0lherwi5e Gomply with the requlremonls of the Companies Act 2Q06 rolaling lo finanrAal stalemenls. so far 8$ applicable lo the charitable compary. These financial slaiemenls have been prePar￿j In 8ccordance wilh the provisions applicable lo ctiariiable companies subject lo the small wmpanSes reglme. The financlal slalemenls were approved by ihe Board of TnJslee5 and aulhorised for I￿ve on and were 5igne Net income 28.218 11,052 This page does not form part of the statutory financial slalemenls Page 13