2023-08-31-accounts - Winter Sports Foundation

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		Page
Report ofthe Trustees	1	to	4
Report ofthe Independent Auditors	5	to	6
Statement ofFinancial Activities
Statement ofFinancial Position
Statement ofCash Flows
Notes tothe Statement ofCash Flows		10
Notes tothe Financial Statements	11 to		16
Detailed Statement ofFinancial Activities		17

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forthe Year Ended 31August	2023
					2023	2022
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
		Notes
INCOME AND ENDOWMENTS Donations and legacies	FROM	2	359,350	6,826,430	7,185,780	5,679,651
EXPENDITURE ON
Charttable aetlvltles Management and administration Governance Designated payments		3	304,502 14,395	6,800,696	304,502 14,395 6,800,696	206,450 12,728 5,320,528
Total			318,897	6,800,696	7,119,593	5,539,706
NET INCOME			40,453	25,734	66,187	139,945
RECONCILIATION OF FUNDS Total funds brought forward			123,426	220,947	344,373	204,428
TOTAL FUNDS CARRIED FORWARD			163879	246,681	410,560	344,373

				2023	2022
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes		E
FIXEDASSETS Tangible assets	10	770		770	2,473
CURRENT ASSETS Debtors Cash at bank		5,113 234,246	97,144 149,537	102,257 383,783	92,689 260,611
		239,359	246,681	486,040	353,300
CREDITORS Amounts falling due within one year	12	(76,250)		(76,250)	(11,400)
NET CURRENT ASSETS		163,109	246681	409790	341.900
TOTAL ASSETS LESSCURRENT LIABILlTlES		163,879	246,681	410,560	344,373
NET ASSETS		163.879	246,681	410.560	344,373
FUNDS Unrestncted funds	13			163,879 246,681	123,426 220 947
Restricted funds
				410560	344 373
TOTAL FUNDS

		2023	2022
	Notes
Cash flows from operating activities Cash generated from operations		123.172	64,376
Net cash provided by operating activities		123,172	84,375
Change in cash and cash ln the reporting period	equivalents	123,172	84,375
Cash and cash equivalents beginning ofthe reporting	at the period	260611	176236
Cash and cash equivalents ofthe reporting period	atthe end	383783	260611

RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM	OF NET INCOME TO NET CASH FLOW FROM	OPERATING ACTlVITIES	OPERATING ACTlVITIES
			2023	2022
			f.	f.
Net income for the reporting Financial Activities)		period (as per the Statement of	66,187	139,945
Adjustments for: Depreciation charges Increase in debtors Increase/(decrease) in creditors			1,703 (9,568) 64850	1,703 (24,432) ~32,841)
Net cash provided	by operations		123,172	84375

ANALYSIS OF CHANGES
	At 1.9.22	Cash flow	At 31.8.23
	F
Net cash Gash at bank	260611	123172	383783
	260611	123172	383783
	260,611	123,172	383,783

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CHARITABL	E ACTIVITIES COSTS
			Support
		Direct	costs (see
		Costs f	note 4) F	Totals
Management Governance Designated	and administration payments	6,600606	304,502 14,395	304,502 14,395 6,800,696
		6800696	318,897	7119593

SUPPORT COSTS				Governance
			Management	costs	Totals
Governance
Management and administration			304,502	14,366	304,502 14395
			304 502	14,395	318897
Support costs, included	in the above, are	as follows:	Governance	2023	2022
		Management and administration		Total	Total activities
Bursary Insurance Teiephone and internet Professional fees Advertising and promotion Miscellaneous		activities f 19,760 512 118 253,940 6,539 1,213		F 19,760 512 118 253,940 6,539 1,213	F 23,000 491 154,492 4,742 1,330 320
Prize Money Donation		20,717		20,717	20,372
Depreciation oftangible assets Accountancy and audit	and heritage fees	1,703	11,880 2515	1,703 11,880 2515	1,703 11,400 1 328
Meeting costs
		304502	14395	318,897	219178

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AUDITORS' REMUNERATION	AUDITORS' REMUNERATION	2023	2022
		E
Fees payable to the audit ofthe charity's	charity's auditors and their associates for the financial statements	11,880	11,400

CONIPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted	CONIPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted	CONIPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted	Restricted	Total
		fund	fund	funds
INCOINE AND ENDOWMENTS	FROM	305.543
Donations and legacies
EXPENDITURE ON
Charitable actlvlttes Management and administration Governance		206,339 12,728	111 320 528	206,450 12,728 5320 528
Designated payments		219067	5320 639	5539,706
Total
		86,576	53,369	139,945
NET INCOME
RECONCILIATION OF FUNDS Total funds brought forward		36,850	167,578	204,428
		123,425

NOTES TO THE FINANCIAL STATENIENTS -continued	NOTES TO THE FINANCIAL STATENIENTS -continued	NOTES TO THE FINANCIAL STATENIENTS -continued
forthe	Year Ended 31August 2023
10.	TANGIBLE FIXEDASSETS
				Computer
				equipment
	COST
	At 1 September 2022 and 31 August 2023			9,951
	DEPRECIATION At 1 September 2022			7,478 1 703
	Charge for year
	At 31August 2023			9,181
	NET BOOKVALUE			770
	At 31August 2023
	At 31 August 2022			I2473
11.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR		2023	2022
			F	P.
	Gift Aid recoverable		102,257	92,689
12.	CREDITORS: AINOUNTS	FALLING DUE WITHIN ONE YEAR	2023	2022
			10
	Other creditors		76.240	11400
	Accrued expenses
			76250	11400
13.	NIOVEIIENT IN FUNDS		Net
			movement	At
		At 1.9.22	in funds E	31.8.23 E
	Unrestricted funds	123,426	40,453	163,879
	General fund
	Restricted funds	220,947	25,734	246,681
	Restricted
	TOTAL FUNDS	344,373	66,187	410560

	incoming resources f	Resources expended f	Movement in funds f
Unrestricted funds General fund	359,350	(318897)	40453
Restricted funds Restricted	6,826,430	(6,800,696)	25,734
TOTAL FUNDS

Comparatives	for movement in funds
			Net
			movement	At
		At 1.9.21 f	in funds	31.8.22
Unrestricted General fund	funds	36,850	86,5?6	123,426
Restricted funds Restricted		167,578	53,369	220,947
		204 426	139,945	344,373
TOTAL FUNDS

	Incoming resources	Resources expended f	Movement in funds f
Unrestricted funds	305,643	(219,067)	86,576
General fund
Restricted funds Restricted	5,374,008	(5,320,639)	53,369
	5,679,651	~5,539,706)	\39, 946

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DETAILED STATEIIENT OF FINANCIAL ACTIVITIES for the Year Ended 31August 2023
	2023	2022
INCOIIE AND ENDOWIIENTS
Donations and legacies Grants and donations Other income	7,185,361 419	5,677,210 2,441
	7,185,780	5,679,651
Total incoming resources	7,185,780	5,679,651
EXPENDITURE
Charitable activities Designated payments	6,800,696	5,320,528
Support costs
Nlanagement	19,760	23,000
Bursary	512	491
Insurance	118
Telephone and internet Professional fees Advertising and promotion	253,940 6,539 1,213	154,492 4,742 1,330
Miscellaneous		320
Prize Money Donation	20,71? 1 703	20,372 1703
Depreciation
	304,502	206,450
Governance costs Accountancy and audit fees	11,880 2515	11,400 1 328
Meeting costs	14388	12728
	7 119593 I	5539 706 'I
Total resources expended
	66,187	139,945
Net income