Charity registration number.. 1157760 WINTER SPORTS FOUNDATION STRATEGIC REPORT, TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
Winter Sports Foundation Contents Page Trustees, Report Independent Auditor's Report Statement of Financial Activities Comparative Statement of Financial Activities 10 Statement of Financial Position 11 Statement of Cash Flows 12 Notes to the Statement of Cash Flows Notes to the Financial Statements 14-18
Winter Sports Foundation Trustees. Report For The Year Ended 31 August 2024 The trustees present their report and the financial statements for the year ended 31 August 2024. Objectives and Activities Aims and Objectives To promote for the benefit of the inhabitants of the UK the provision of facilities. specifically for winter sports, for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances, or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants. Significant Activities The Charity achieves its aims by providing subsidised and inclusive opportunities for participation in skiing, snowboarding and related activities. It also aims to deliver training. coaching and safety workshops for young people, volunteers, and those with additional needs. The level of donations received during the year is an indication of the success achieved by the charity, as these will be used both to fund individual young people and also to conrtibute towards the wider program of events organised during the year. Public Benefit By working in partnership with schools, disability charities and community organisation, the charity aims to advance education, promote health and wellbeing. and relieve disability through participation in winter sports. Outreach programmes and taster events help to promote a wider participation. The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission's guidance on public benefit. Volunteers All of the trustees give their time freely. without which the charity would not be able to continue its work for the its participating members and the wider community. Achievements and Perforniance Main Achievements The charity distributed over £7.Om in desinated payments to Personal Sports Fund holders (2023 £6.8m). These payments conlinue to provide vital support lo young people and athletes who would otherwise struggle to access training, equipment and competition opportuntities. We are happy to report an increasing level of donations during the year. This increase is encouraging and an indication Ihat the objectives of the charity are being met for an increasing audience. Charitable Activities During the year, the Foundation achieved the following= Supported individuals, including from disadvantaged or disabled backgrounds. Delivered training sessions for volunteers, coaches, and parlicipanls. Partnered with schoolslcommunity groups to organise inclusive events. Page 1
Winter Sports Foundation Trustees. Report (continued) For The Year Ended 31 August 2024 Financial Review Financial Position The total income for the year was £7,249,558 (2023: £7.185.780) and total expenditure for the year was £7,306,211 (2023: £7.119.593), resulting in a deficit of £56,653 (2023.. surplus £66,187)- At the year end, the charity's total accumulated funds stood at £353,907 (2023.. £410,560), of which unrestricted funds were £239,665. The charity's main source of income continues to be charitable donations into the Personal Sports Funds. Donations remained strong, and the Foundation continues to have a positive reputation within the winter sports community. Reserves Policy The Board reviews the financial reserves annually in the light of funds available and Charity Commission guidance. It remains the policy of the Foundation to maintain reserves in separate reserve accounts, ensuring that the maximum in any one account does not exceed the limit for compensation under the Financial Services Compensation Scheme. The trustees aim to hold the equivalent of six months. operational expenditure, but not less than three months, to meet unforeseen financial contingencies including redundancy. loss of service contracts. lease commitments and repayment of restricted funds. At 31 August 2024, unrestricted reserves stood at £239,665 (2023.. £163,879), which the trustees consider satisfactory in light of current activity levels. Principal Funding Sources The charity continues to raise donations for Personal Sports Funds through sponsorships, events, and direct engagement with donors. All fundraising activity is carried out in line with the Charities (Protection and Social Investment) Act 2016, applying recognised standards to ensure activities are open, honest, and respectful. We take a transparent, ethical, and respectful approach to all fundraising activities. We do not engage in cold calling, door-to-door collections, or other practices which may place undue pressure on potential donors. Where we work with third-party fundraising agencies, we ensure that robust contracts are in place and that appropriate monitoring is undertaken to protect the interests of the public and uphold our reputation. We are especially mindful of the need to protect vulnerable people and our policies reflect the standards set out by the Fundraising Regulator. The charity has procedures in place to respond promptly to any complaints about fundraising. No complaints or issues arose from fundraising activity during the year. Principal Risk and Uncertainties The Trustees regulady regularly review key risk areas, including.. Funding dependence mitigated through diversification of both Personal Fund contributions and wider charitable donations. Health and safety- mitigated by training and safeguarding. Economic pressures- mitigated where possible by prudent planning. Page 2
Winter Sports Foundation Trustees. Report (continued) For The Year Ended 31 August 2024 Future Developments The trustees remain committed to the development of the Pipeline Project and similar initiatives, which have proven to provide valuable opportunities for children and young people, induding Ihose with additional needs. The Foundation plans to strengthen its partnerships with organisations such as Disability Snow Sports UK and Snowsports Wales to widen aCsS and opportunities. Trustees also intend to seek new corporate sponsors and broaden the base of unrestricted reserves to support sustainability. Long-Term Development Plans The Foundation continues to aim to maintain unrestricted reserves over the next five years to circa £200,000 to fund larger projects through Ihe continuation and growth of Personal Sports Funds, while also exploring grants from external foundations and charitable bodies. Structure, Governance and Management Governing Document The Trust is a registered charity, number 1157760, and is constituted as a Charitable Incorporated Organisation under a constitution dated 8 July 2014. Trustee Selection Methods New Trustees are appointed by the existing Trustees and serve for a period of three years before putting themselves forward for re*lection for a further term. A Trustee who has served for three consecutive terms may not be reappointed for a fourth consecutive term but may be reappointed if this is voted for by the other Trustees. Newly appointed members are instructed in their duties by the Chair of the charity and are informed of their legal responsibilities and the expectations from the charity in their role as Trustee. The charity must have a minimum of two Trustees and a maximum of iwelve. At trustee meetings the trustees agree the broad strategy and areas of activity for the Foundation, including assessing systems and designing systems to mitigate risks fad by the Foundation. The day to day administration of the charity is delegated to the Chief Executive and Secretary. Key Management Remuneration The trustees consider the board of trustees together with the Chief Executive and Secretsry as comprising the key management personnel of the charity. The trustees give their time freely and no trustee remuneration was paid in the year. Details of related party transactions. including payments relating to the services of the Chief Executive and Secretary, are disclosed in the accounts. The Foundation again utilised the SeNiS of A&E Consultancy Ltd to deliver day to day running of the charity- Fees and year balances are disclosed in the accounts. Reference and Administrative Details Trustees Mr N Malaczynski Chair (resigned 1111012023) Mrs E Lake - Chair (appointed 1211012023) Mr Alistair Gallagher Page 3
Winter Sports Foundation Trustees. Report (continued) For The Year Ended 31 August 2024 Other Personnel Elliot Emery - Chief Executive Adam Camall - Secretary Charity Number 1157760 Principal Address 1 Bank House Row Station Road Hope Valley S321DD Accountants Cooper Adams Ltd Chartered Accountants 12 Payton Street Stratford upon Avon Warwickshire CV37 6UA Auditors Cooper Adams Ltd Chartered Accountants 12 Payton Street Stratford upon Avon Warwickshire CV37 6UA Bankers Barclays Bank plc 1 Churchill Place London E14 5HP Page 4
Winter Sports Foundation Trustees. Report (continued) For The Year Ended 31 August 2024 Statement of Trustees. Responsibilities The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)- The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements the trustees are required to.. select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charity SORP. make judgments and accounting estimates that are reasonable and prudent" state whether applicable accounting standards have been followed. subject to any departures disclosed and explained in the financial statements- and prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charity and lo enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. The trustees, report was approved by the board of trustees and signed on its behalf by: Mrs E Lake Trustee 30 September 2025 Page 5
Independent Auditor's Report to the Members of Winter Sports Foundation Qualified opinion We have audited the financial statements of Winter Sports Foundation (the 'charity") for the year ended 31 August 2024 which comprise the Statement of Financial Activities (including Income and Expenditure Account), Stalement of Financial Position. Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice}, induding FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" In our opinion, except for the possible effects of the matter described in the basis for qualified opinion section of our report, the financial statements.. give a true and fair view of the state of the charity's affairs as at 31 August 2024 and of its incoming resources and application of reSoUrs, including its income and expenditure for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Charities Act 2011 Basis for Qualified Opinion During the year ended 31 August 2024 the accounling records kept by the charity were not sufficient to accurately record restricted fund balances. We were therefore unable to confimi the accuracy of restricted and unrestricted funds in the financial statements. Consequently, we were unable to detemiine whether any adjustments to these amounts were necessary. We conducted our audit in accordance with Intemational Standards on Auditing (UK) IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordan with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material Uncertainty related to Going Concern Operational difficulties have resulted in a pause of the day-to-day business of the charity. The trustees expect that operations will resume in the near future. However, this situation indicates that a material uncertainty exists that may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Page 6
Independent Auditor's Report (continued) to the Members of Winter Sports Foundation Other Information The other infonnation comprises the infomiation included in the annual report. other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so. consider whether the other infomiation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otheNise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other infomiation, we are required to report that fact. As described in the basis for qualified opinion section of our report, we were unable to satisfy ourselves conceming the accuracy of restricted fund balances as at 31 August 2024. We have concluded that where the other information refers to the charity's funds, it may be materially misstated for the same reason. Matters on Which We Are Required to Report by Exception Except for the matter described in the basis of qualified opinion section of our report, in the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. Arising solely from the limitation on the scope of our work relating to restricted fund balans, referred to above.. we have nol obtained all the infomiation and explanations that we considered neSSary for the purpose of our audit- and the financial statements are not in agreement with the accounting records and retums,. and in our opinion adequate accounting records have not been kept. We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion= the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements. Responsibilities of Trustees As explained more fully in the Trustees. Responsibilities Statement set out on page 1-5, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charity's ability to continue as a going concern. disclosing, as applicable, matters related to going concern and using the going conrn basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Page 7
Independent Auditor's Report (continued) to the Members of Winter Sports Foundation Auditorfs Responsibilities for the Audit of the Financial Statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Irregularities, including fraud, are instances of non-complian with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transaclions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentional concealment, forgery, collusion. omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.ukJauditorsresponsibilities. This description forms part of our auditorfs report. Use Of Our Report This report is made solely to the charity's trustees, as a body. in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters that we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charity and the charity's Irustees as a body, for our audit work. for this report. or for the opinions we have formed. Cooper Adams Ltd 30 September 2025 Cooper Adams Ltd Chartered Accountants 12 Payton Street Stratford upon Avon Warwickshire CV37 6UA Page 8
Winter Sports Foundation Statement of Financial Activities For The Year Ended 31 August 2024 2024 2023 Unrestricted Restricted Totsl funds Total funds funds funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Investments 362.348 6,884,621 7.246,969 7,185,361 2,589 2,589 419 364.937 6,884,621 7.249,558 7,185,780 EXPENDITURE ON: Charitable activities: Management and administration Governan Designated payments (277.031) (12.120) (277,031) (304,502) (12,120) (14,395) (7,017,060) (7,017,060) {6,800,696) (289.151) (7,017,060) (7,306,211) (7.119,593) NET {EXPENDITURE)IINCOME 75.786 (132,439) (56,653) 66,187 NET MOVEMENT IN FUNDS 75.786 (132,439) (56,653) 66,187 RECONCILIATION OF FUNDS: Total funds brought forward 163,879 246,681 410,560 344,373 TOTAL FUNDS CARRIED FORWARD 13 239.665 114,242 353,907 410,560 The notes on pages 13 to 18 fonn part of these financial statements. Page 9
Winter Sports Foundation Comparative Statement of Financial Activities For The Year Ended 31 August 2024 2023 Unrestricted Restricted Total funds funds funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Investments 359,268 6,826,093 7,185,361 82 337 419 359,350 6.826,430 7,185,780 EXPENDITURE ON: Charitable activities: Management and administration Governan Designated payments (304,502) (14,395) (304,502) (14,395) (6,800,696) {6,800,696) (318,897) (6.800,696) (7.119,593) NET INCOME 40,453 25,734 66,187 NET MOVEMENT IN FUNDS 40,453 25,734 66,187 RECONCILIATION OF FUNDS: Total funds brought forward 123,426 220,947 344,373 TOTAL FUNDS CARRIED FORWARD 13 163,879 246,681 410,560 The notes on pages 13 to 18 fonn part of these financial statements. Page 10
Winter Sports Foundation Statement of Financial Position As At 31 August 2024 2024 2023 Unrestricted Restricted Totsl funds funds funds Total funds Notes FIXED ASSETS Tangible Assets 10 770 770 CURRENT ASSETS Debtors 11 2,139 256.241 40.646 42,785 102,257 73,596 329,837 383,783 Cash at bank and in hand 258.380 114.242 372,622 486,040 Creditors: Amounts Falling Due Within One Year 12 (18.715) (18,715) {76,250) NET CURRENT ASSETS (LIABILITIES) 239,665 114,242 353,907 409,790 TOTAL ASSETS LESS CURRENT LIABILITIES 239,665 114,242 353,907 410,560 NET ASSETS 239.665 114,242 353,907 410,560 FUNDS OF THE CHARITY Restricted Funds 114,242 246,681 239,665 163,879 Unrestricted Funds TOTAL FUNDS 13 353,907 410,560 On behalf of the board Mrs E Lake Trustee 30 September 2025 The notes on pages 13 to 18 fonn part of these financial statements. Page 11
Winter Sports Foundation Statement of Cash Flows For The Year Ended 31 August 2024 2024 2023 Notes Cash flows from operating activities Net cash (used in)Igenerated from operations Net cash {used in)/generaled from operating activities (56,535) (56,535) 122,753 122,753 Cash flows from investing activities Interest received 2,589 419 {Decrease)lincrease in cash and cash equivalenls Cash and cash equivalents at beginning of year (53,946) 383,783 123,172 260,611 Cash and cash equivalents at end of year 329,837 383,783 Page 12
Winter Sports Foundation Notes to the Statement of Cash Flows For The Year Ended 31 August 2024 Reconciliation of {expenditure)lincome to cash (used in)Igenerated from operations 2024 2023 Net {expenditure)lincome Adjustments for.. Interest income (56,653) 66,187 (2,589) 770 (419) 1,703 Depreciation of tangible assets Movements in working capital.. Decreasel(increase) in trade and other debtors (Decrease)lincrease in trade and other creditors 59,472 (57,535) (9,568) 64,850 Net cash (used in)Igenerated from operations (56,535) 122,753 2. Cash and cash equivalents Cash and cash equivalents. as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet: 2024 2023 Cash at bank and in hand 329,837 383,783 3. Analysis of changes in net funds Asat1 September 2023 Cash flows Asat31 August 2024 Cash at bank and in hand 383,783 (53,946} 329,837 Page 13
Winter Sports Foundation Notes to the Financial Statements For The Year Ended 31 August 2024 1. General Information Winter Sports Foundation is an unincorporated charity registered with the Charity Commission, registered charity number 1157760. The principal address is 1 Bank House Row, Station Road. Hope Valley, S32 1 DD. 2. Accounting Policies 2.1. Basis of Preparation of Financial Statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011. The charity is a Public Benefit Entity as defined by FRS 102. 2.2. Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds are to be used for specific purposes as laid down by the donor. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 2.3. Incoming Resources All income is recognised in the Statement of Financial Activities once the charity has entitlement to the fund, it is probable that the income will be received and the amount can be measured reliably. 2.4. Resources Expended Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 2.5. Tangible Fixed Assets and Depreciation Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impaimient losses. Depreciation is provided at rates calculated lo write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases.. Computer Equipment 25°A Straight line basis Page 14
Winter Sports Foundation Notes to the Financial Statements (continued) For The Year Ended 31 August 2024 2.6. Financial Instruments Financial instruments The charity holds only basic financial instruments as defined in FRS 102. Recognition Financial assets and liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial assets Basic financial assets. including cash and cash equivalents, trade and other receivables, and investments in fixed-term deposits, are initially recognised at transaction price and subsequently measured at amortised cost, less any impairment. Investments in publicly traded bonds and equities are measured at fair value, with changes in fair value recognised in the Statement of Financial Activities. Financial liabilities Basic financial liabilities, including Irade and other payables. bank loans and accruals, are initially recognised at transaction price and subsequently measured at amortised cost. Impairment of financial assets At each reporting date. the charity assesses whether there is objective evidence that a financial asset is impaired. Any impairment loss is recognised in the Statement of Financial Activities. 2.7. Taxation The charity is exempt from tax as all its income is charitable and applied for charitable purposes. 3. Income from Donations and Legacies 2024 2023 Unrestricted Restricted Total Total funds funds funds funds Donations and gifts 362,348 6,884,621 7,246,969 7,185,361 4. Investment Income 2024 2023 Unrestrlcted Total funds funds Bank interest receivable 2,589 419 5. Net Incomel(Expenditure) The net (expenditure)lincome is stated after chargingl(crediting): 2024 2023 Depreciation of tangible fixed assets - owned 770 1,703 Page 15
Winter Sports Foundation Notes to the Financial Statements (continued) For The Year Ended 31 August 2024 6. Analysis of Expenditure 2024 Activities undertaken directly Support costs (see note 7) Total Management and administration Governance 277,031 12,120 277,031 12,120 7,017,060 Designated payments 7.017,060 7.017,060 289,151 7.306,211 2023 Activities undertaken directly Support costs (see note 7) Total Management and administration Governance 304,502 14,395 304,502 14,395 6,800,696 Designated payments 6,800,696 6,800,696 318,897 7,119,593 7. Support Costs 2024 Management and administration Govemance Total General administration Depreciation Governance costs 276,261 770 276,261 770 12,120 12,120 277,031 12.120 289,151 2023 Management and admlnistratlon Govemance Total General administration 302,799 1,703 302,799 1,703 14,395 Depreciation Governance costs 14,395 304,502 14.395 318,897 Page 16
Winter Sports Foundation Notes to the Financial Statements (continued) For The Year Ended 31 August 2024 8. Auditor's Remuneration Remuneration received by the charity's auditors and their associates during the year was as follows.. 2024 2023 Audit Services Audit of the company's financial statements 12,120 11,880 9. Average Number of Employees Average number of employees during the year was.. NIL (2023: NIL) 10. Tangible Assets Computer Equipment Cost As at 1 September 2023 9,951 As at 31 August 2024 9,951 Depreciation As at 1 September 2023 Provided during the period 9,181 770 As at 31 August 2024 9,951 Net Book Value As at 31 August 2024 As at 1 September 2023 770 11. Debtors 2024 2023 Due within one year Gift Aid recoverable 42,785 102,257 12. Creditors: Amounts Falling Due Within One Year 2024 2023 Other creditors Accruals and deferred income 10 76,240 18,715 18,715 76,250 Page 17
Winter Sports Foundation Notes to the Financial Statements (continued) For The Year Ended 31 August 2024 13. Movement in Funds Asat1 September 2023 Asat31 August 2024 Income Expenditure Unrestrlcted funds General.. General unrestricted fund Restricted funds 163,879 364,937 (289,151) 239,665 Restricted funds 246.681 6.884,621 (7,017.060) 114,242 Total funds 410,560 7,249,558 (7,306,211 } 353,907 Asat1 September 2022 Asat31 August 2023 Income Expenditure Unrestricted funds General.. General unrestricted fund 123,426 359,350 (318,897} 163,879 Restricted funds Restricted funds 220.947 6.826,430 (6,800.696) 246,681 Total funds 344.373 7,185,780 (7,119,593} 410,560 14. Transactions with Trustees None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year. No trustee expenses have been incurred. 15. Related Party Disclosures A&E Consultancy Limited A company in which Adam Carnall (Secretary) and Elliot Emery (Chief Executive) are directors and shareholders. The company charged the charity fees of £218,231 (2023: £214,883) in relation to day to day administration. At the year end an amount of £6.595 (2023'.£64.360) was owed to A&E Consultancy Limited. Page 18