Registered number: 09617543 Charity number: 1167331 

THE BRITISH SKI & SNOWBOARD NATIONAL FOUNDATION (A Company Limited by Guarantee) 

## UNAUDITED 

TRUSTEES' REPORT AND FINANCIAL STATEMENTS 

For the year ended 30 June 2022 



## THE BRITISH SKI & SNOWBOARD NATIONAL FOUNDATION 

(A Company Limited by Guarantee) 

## CONTENTS 

||Page|
|---|---|
|Reference and Administrative Details of the Charity, its Trustees and Advisers|1|
|Trustees' Report|2 - 5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Financial Statements|9 - 18|





## THE BRITISH SKI & SNOWBOARD NATIONAL FOUNDATION 

(A Company Limited by Guarantee) 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS For the year ended 30 June 2022 

## Trustees 

Sir John Ritblat, Chairman Michael Cohen Victoria Gosling OBE Sarah Lewis (resigned 29 January 2022) Nicholas Tapner 

Company registered number 

09617543 

Charity registered number 

1167331 

## Registered office 

101 New Cavendish Street London W1W 6XH 

## Accountants and Independent Examiner 

Martin Bailey FCA Goodman Jones LLP Chartered Accountants 29/30 Fitzroy Square London W1T 6LQ 

## Bankers 

Royal Bank of Scotland London Corporate Bank Centre PO Box 39952 212 Devonshire Square London EC2M 4XJ 

Page 1 



## THE BRITISH SKI & SNOWBOARD NATIONAL FOUNDATION 

## (A Company Limited by Guarantee) 

TRUSTEES' REPORT For the year ended 30 June 2022 

The Trustees present their Annual Report together with the financial statements of the Charity for the year 1 July 2021 to 30 June 2022. The Annual Report serves the purposes of both a Trustees' Report and a Directors' Report under company law. The Trustees confirm that the Annual Report and Financial Statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted. 

## Objectives and activities 

## a. Policies and objectives 

The objects of The British Ski & Snowboard National Foundation ("BSSNF" or "the Charity") are – 

- to promote community participation in health recreation by providing facilities or opportunities for participating in skiing, snowboarding, and other snowsport (“facilities” means land, buildings, equipment, and organising sporting events); 

- to provide and assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social or economic circumstance or for the public at large in the interests of social welfare and with the object of improving their conditions of life; and 

- to advance the education of children and young people. 

## b. Activities undertaken to achieve objectives 

The charity continued to navigate the challenges of COVID in a critical season, with the Winter Beijing Olympics and Paralympics being the major culminating competition. The demand for support from our athletes and programmes evidently rose in this period, whilst generating income remains difficult due to the global economic impacts of the pandemic. Nevertheless, the charity still found the ability to fund some key projects. There was a series of Paralympic programmatic support including the introduction of para pathway coaches across all three disciplines, and the funding of key training serials to support Paralympic selection. Also supported were a number of Athletes that would not have had the funds to attend essential competitions in the selection period up to the Olympic Games and European Youth Olympic Winter Festival. It also ensured younger athletes secure FIS points to begin to progress their performance journey. 

Page 2 



## THE BRITISH SKI & SNOWBOARD NATIONAL FOUNDATION 

## (A Company Limited by Guarantee) 

TRUSTEES' REPORT (CONTINUED) For the year ended 30 June 2022 

## Objectives and activities (continued) 

## c. Project support 

BSSNF were proud this year to support Athletes on a Paralympic pathway through 2 key initiatives: 

The ‘Nordic Sit Ski Project’ was driven by Williams Advance Engineer to provide our largest Para Nordic Team with World leading equipment for the Paralympics 2022. We were able to financially support the project and it was incredible to see the team in action securing a number of top ten finishes at Beijing 2022. 

The 'Development Para Pathway Coaches Programme' was a collaboration with GB Snowsport and Snowsport Scotland to provide the funding to secure three pathway coaches in Para Alpine, Nordic and Snowboard. This will ensure a strong legacy of para-athletes continue to represent Great Britain at the highest level. 

## d. Main activities undertaken to further the Charity's purposes for the public benefit 

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)', and this has been a key consideration when setting its grant-making policy. 

The Charity has supported both individual athletes and projects that increase community and grassroots participation in Snowsport, and we have ensured that there is a suitable balance between both of these priorities to fulfill our obligations regarding public benefit. 

## Achievements and performance 

## Financial review 

## a. Going concern 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. 

## b. Reserves policy 

The Charity has a policy of holding sufficient reserves to cover its planned grant-making activities, the level of which can vary from year to year. Now the Charity is more established, it has been able to build a base of funds and at the balance sheet date general funds totalled £40,632 (2021: £707) and restricted funds totalled £7,000 (2021: £92,075). 

## c. Financial review 

A small pool of individual donors and charitable foundations continue to be the main sources of fundraising revenue, increasing our base of donors is a priority for the Trustees. With a new strategic implementation plan activated and is projecting an exponential growth in income streams over the next four years. 

Page 3 



## THE BRITISH SKI & SNOWBOARD NATIONAL FOUNDATION 

## (A Company Limited by Guarantee) 

TRUSTEES' REPORT (CONTINUED) For the year ended 30 June 2022 

## Structure, governance and management 

## a. Constitution 

The British Ski & Snowboard National Foundation is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. 

## b. Methods of appointment or election of Trustees 

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association. 

## c. Organisational structure and decision-making policies 

The British Ski & Snowboard National Foundation has a Trustee Board of five. The Board is responsible for the overall running of the Charity. The Charity’s Articles of Association set a minimum of three Trustees, with no maximum number. 

Sarah Lewis stood down as a Trustee during the financial year on the 29 January 2022. 

## Future outlook 

Snowsport is an area of professional sport that has been historically underfunded. We have seen first-hand the challenges that athletes have faced, not only over the last year. We know how many innovative communitybased programmes have been unable to launch due to lack of funding. Now we need to build upon our proven track record, aiming to rise to the occasion in the coming years to meet the growing need in the Snowsport space. 

Our aims are to provide the needed annual support to help fund athletes, create access for all, and develop pathway programmes that give athletes the support and training needed for a successful 2026 Olympic and Paralympic Games. 

In recent years we have made great strides forward to support and foster advancement in winter sports. Through months of careful planning, we have created a comprehensive four-year strategic plan that when implemented will empower BSSNF to expand our impact even further. 

Page 4 



THE BRITISH SKI & SNOWBOARD NATIONAL FOUNDATION
IA Company Limited by Guaranteel
TRUSTEES. REPORT (CONTINUED)
For the year end￿ 30 June 2022
Statoment of Trustees. responslbllltl•s
The Trustees (who are al￿ the directors of the Charity for thg PLwposes of company I￿) are responsible for
preparing the Trustees. Report and the fina￿la1 slalements in accordance with applicable l* and United
Kingdom Accounting SlarKlards (Unrted Kingdom Generalty Accepted Accounling Practice).
Company law requires the Trustees lo pfepare financk41 Statwnents for each financi81 . Under company law. tha
Trustees musl not approve the [￿ancIal statements unless they are salisfied that they gNe a true and fair view
of the slate of affairs of the Ch8rity and ol its ir￿ming resources and application of resources, including its
income and expenditure, for that period. In PrePar￿g these financHI stalemenls, the Twslees are requir•d lo..
select suitable aC￿untIng policies and then appty them consistent￿,
observe the methods and principles of the Charities SORP IFRS 102);
make judgements and accc¥Jnting estimates that are reasonable and pnJdent'.
state whether appli¢able UK Accounting Standards IFRS 1021 have been folk%￿, $ubjg¢t to any
material ¢Jepartures dis¢losed and explained in the financial statements..
prepare the financial statements on the s¥￿ng concem basis unless it is inappropriate lo presume that the
Chanty will ￿ntinUe in bUs1r￿sS.
The Trustees are responsible for keeping adequate &counling record$ that are 5uffi¢ient lo show and explain
the Ch8rtys transactions and disclose with reasonable accuracy at any time the financtal position of the Charity
and enable them to ensure that the financial statements comply ￿ the Cc*npanies A¢1 2006. They are also
responsible for safeguarding the assets of the Chafrty aml h￿¢t fly laking reasonabk Steps for the prevention
and detection of fraud and othef irregularities.
Approved by order of the members ofthe board of Twstees and sKJned on their behaw ty.
Chairman
Date. iÉfoi IZd23
Page S

## THE BRITISH SKI & SNOWBOARD NATIONAL FOUNDATION 

(A Company Limited by Guarantee) 

INDEPENDENT EXAMINER'S REPORT For the year ended 30 June 2022 

## Independent Examiner's Report to the Trustees of The British Ski & Snowboard National Foundation ('the Charity') 

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 June 2022. 

## Responsibilities and Basis of Report 

As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). 

Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## Independent Examiner's Statement 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

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. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. 

Signed: 


Dated: 26-01-23 

Martin Bailey FCA Goodman Jones LLP 29/30 Fitzroy Square London W1T 6LQ 

Page 6 



## THE BRITISH SKI & SNOWBOARD NATIONAL FOUNDATION 

(A Company Limited by Guarantee) 

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) For the year ended 30 June 2022 

|Note<br>Income from:<br>Donations and legacies<br>4<br>Total income<br>Expenditure on:<br>Charitable activities<br>5<br>Total expenditure<br>Net movement in funds<br>Reconciliation of funds:<br>Total funds brought forward<br>Net movement in funds<br>Total funds carried forward|Unrestricted<br>funds<br>2022<br>£<br>85,462<br>85,462<br>45,537<br>45,537<br>39,925<br>707<br>39,925<br>40,632|Restricted<br>funds<br>2022<br>£<br>100,000<br>100,000<br>185,075<br>185,075<br>(85,075)<br>92,075<br>(85,075)<br>7,000|Total<br>funds<br>2022<br>£<br>185,462<br>185,462<br>230,612<br>230,612<br>(45,150)<br>92,782<br>(45,150)<br>47,632|Total<br>funds<br>2021<br>£<br>121,277<br>121,277<br>136,066<br>136,066<br>(14,789)<br>107,571<br>(14,789)<br>92,782|
|---|---|---|---|---|



The Statement of Financial Activities includes all gains and losses recognised in the year. 

The notes on pages 9 to 18 form part of these financial statements. 

Page 7 



THE BRITISH SKI & SNOWBOARD NATIONAL FOUNDATION
IA Company Limited by Guarantèè
Registèrèd number: 09617543
BALANCE SHEET
As at 30 Junè 2022
2022
2021
Not•
Fixed assets
Tangible assets
67
86
57
86
Currènt as60ts
Debtors
Cash al bank and in hand
10
6,611
98,S83
164,336
10S,194
164,336
Creditors.. amounts falling du$ within one
year
157,8191
(71,640J
Net current assets
47.575
92,696
Total assets less current Ilabllltles
47.632
92, 782
Net assets
47.632
92, 782
Total net assets
47,632
92,782
Charity funds
Reslricled funds
Unrcvtricted funds
13
13
7,000
40,632
92,075
707
Total funds
47,632
92,782
The Chaiity wats ¢nlilled lo exemption from audit under section 477 of the Companies AGI 2006. The members
have not required the company lo obtain an audit for the year in question in accordance with section 476 of
Companies Act 2006.
The Trustees acknowledge their responsibilities for eomplying with the requirements of the Act with respect to
accounting records and preparation of financial slalemenls.
The financial statements have been prepared in ￿￿Ordance with Ihc provisions applicablc lo entities subje¢t to
the small companles Tegime.
The financial statements were aDDroved and authorised for issue by the TrLbslees and signed on their behalf by..
FJohn RRblat
Chairrnan
Date iÉfoi12023
The notes on paog.g 9 10 18 form part of IhÈgÈ fin3neig1 st8tèm@nts.
Page 8

## THE BRITISH SKI & SNOWBOARD NATIONAL FOUNDATION 

(A Company Limited by Guarantee) 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2022 

## 1. General information 

The British Ski & Snowboard National Foundation is a charitable company, limited by guarantee, registered in England and Wales, and whose registered office address is 101 New Cavendish Street, London, W1W 6XH. The Charity's objects are set out in the Trustees' Report. 

## 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. 

The British Ski & Snowboard National Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 

The financial statements are prepared in Sterling, the functional currency of the Charity, and amounts are rounded to the nearest £. 

## 2.2 Going concern 

The Charity is reliant upon donations to meet its day-to-day running costs, and grant-making activities. The Charity has received assurances that donations will continue to be available from the Trustees and/or connected organisations whilst it continues to grow and establish. As a result, the Trustees consider it appropriate for the financial statements to be prepared on the going concern basis. 

## 2.3 Fund accounting 

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 

Page 9 



(A Company Limited by Guarantee) 

## THE BRITISH SKI & SNOWBOARD NATIONAL FOUNDATION 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2022 

## 2. Accounting policies (continued) 

## 2.4 Income 

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 

Donations and investment income are recognised when receivable. 

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. 

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 

## 2.5 Interest receivable 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 

## 2.6 Expenditure 

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. 

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. 

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. 

All expenditure is inclusive of irrecoverable VAT. 

Page 10 



## THE BRITISH SKI & SNOWBOARD NATIONAL FOUNDATION 

(A Company Limited by Guarantee) 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2022 

## 2. Accounting policies (continued) 

## 2.7 Tangible fixed assets and depreciation 

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. 

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. 

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, . 

Depreciation is provided on the following basis: 

- Office equipment 33.33% Reducing Balance 

## 2.8 Debtors 

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

## 2.9 Cash at bank and in hand 

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

## 2.10 Liabilities and provisions 

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. 

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. 

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. 

## 2.11 Financial instruments 

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 

Page 11 



## THE BRITISH SKI & SNOWBOARD NATIONAL FOUNDATION 

(A Company Limited by Guarantee) 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2022 

## 3. Critical accounting estimates and areas of judgement 

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

Critical accounting estimates and assumptions: 

The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are no estimates or assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. 

## 4. Income from donations and legacies 

|Donations<br>Total 2021|Unrestricted<br>funds<br>2022<br>£<br>85,462<br>31,277|Restricted<br>funds<br>2022<br>£<br>100,000<br>90,000|Total<br>funds<br>2022<br>£<br>185,462<br>121,277|Total<br>funds<br>2021<br>£<br>121,277|
|---|---|---|---|---|
||||||



## 5. Analysis of expenditure on charitable activities 

## Summary by fund type 

|Advancement of sport<br>Total 2021|Unrestricted<br>funds<br>2022<br>£<br>45,537<br>55,361|Restricted<br>funds<br>2022<br>£<br>185,075<br>80,705|Total<br>2022<br>£<br>230,612<br>136,066|Total<br>2021<br>£<br>136,066|
|---|---|---|---|---|
||||||



Page 12 



## THE BRITISH SKI & SNOWBOARD NATIONAL FOUNDATION 

(A Company Limited by Guarantee) 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2022 

## 6. Analysis of expenditure by activities 

|Advancement of sport<br>Total 2021|Activities<br>undertaken<br>directly<br>2022<br>£<br>-<br>12,840|Grant<br>funding of<br>activities<br>2022<br>£<br>185,075<br>67,865|Support<br>costs<br>2022<br>£<br>45,537<br>55,361|Total<br>funds<br>2022<br>£<br>230,612<br>136,066|Total<br>funds<br>2021<br>£<br>136,066|
|---|---|---|---|---|---|
|||||||



## Analysis of support costs 

|Depreciation<br>Accountancy and independent examination<br>Computer costs<br>Bank charges<br>Marketing and branding<br>Legal and professional|Total<br>funds<br>2022<br>£<br>29<br>2,520<br>2,571<br>49<br>-<br>40,368<br>45,537|Total<br>funds<br>2021<br>£<br>43<br>2,340<br>2,308<br>69<br>7,905<br>42,696<br>55,361|
|---|---|---|



The Charity employed no staff in either the current or prior years. 

Page 13 



## THE BRITISH SKI & SNOWBOARD NATIONAL FOUNDATION 

(A Company Limited by Guarantee) 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2022 

## 7. Analysis of grants 

|Advancement of sport<br>Total 2021|Grants to<br>Institutions<br>2022<br>£<br>147,075<br>53,366|Grants to<br>Individuals<br>2022<br>£<br>38,000<br>14,499|Total<br>funds<br>2022<br>£<br>185,075<br>67,865|Total<br>funds<br>2021<br>£<br>67,865|
|---|---|---|---|---|
||||||



The Charity has made the following material grants to institutions during the year: 

|Name of institution<br>Snowsport Scotland<br>GB Snowsport|2022<br>£<br>13,000<br>134,075<br>147,075<br>147,075|2021<br>£<br>-<br>53,366|
|---|---|---|
|||53,366|
|||53,366|



## 8. Trustees' remuneration and expenses 

During the year, no Trustees received any remuneration or other benefits (2021 - £NIL). 

During the year ended 30 June 2022, no Trustee expenses have been incurred (2021 - £NIL). 

Page 14 



## THE BRITISH SKI & SNOWBOARD NATIONAL FOUNDATION 

(A Company Limited by Guarantee) 

## NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2022 

## 9. Tangible fixed assets 

|Cost or valuation<br>At 1 July 2021<br>At 30 June 2022<br>Depreciation<br>At 1 July 2021<br>Charge for the year<br>At 30 June 2022<br>Net book value<br>At 30 June 2022<br>At 30 June 2021|Office<br>equipment<br>£<br>655|
|---|---|
||655|
||569<br>29|
||598|
||57|
||86|



## 10. Debtors 

|Due within one year<br>Prepayments and accrued income|2022<br>£<br>6,611<br>6,611|2021<br>£<br>-|
|---|---|---|
|||-|



Page 15 



## THE BRITISH SKI & SNOWBOARD NATIONAL FOUNDATION 

(A Company Limited by Guarantee) 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2022 

## 11. Creditors: Amounts falling due within one year 

|Trade creditors<br>Accruals and deferred income<br>Financial instruments<br>Financial assets<br>Financial assets measured at fair value through income and expenditure|2022<br>£<br>55,099<br>2,520<br>57,619<br>2022<br>£<br>98,583|2021<br>£<br>69,300<br>2,340|
|---|---|---|
|||71,640|
|||2021<br>£<br>164,336|



## 12. Financial instruments 

Page 16 



## THE BRITISH SKI & SNOWBOARD NATIONAL FOUNDATION 

(A Company Limited by Guarantee) 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2022 

## 13. Statement of funds 

Statement of funds - current year 

|Unrestricted funds<br>General Funds - all funds<br>Restricted funds<br>Grant Making Fund<br>Total funds<br>Statement of funds - prior year<br>Unrestricted funds<br>General Funds - all funds<br>Restricted funds<br>Grant Making Fund<br>Total funds|Balance at 1<br>July 2021<br>£<br>707<br>92,075<br>92,782<br>Balance at<br>1 July 2020<br>£<br>24,791<br>82,780<br>107,571|Income<br>£<br>85,462<br>100,000<br>185,462<br>Income<br>£<br>31,277<br>90,000<br>121,277|Expenditure<br>£<br>(45,537)<br>(185,075)<br>(230,612)<br>Expenditure<br>£<br>(55,361)<br>(80,705)<br>(136,066)|Balance at<br>30 June<br>2022<br>£<br>40,632|
|---|---|---|---|---|
|||||7,000|
|||||47,632|
|||||Balance at<br>30 June<br>2021<br>£<br>707|
|||||92,075|
|||||92,782|



Grant Making Fund - funds received specifically for the Charity's grant making programme. In prior years, the Charity received funds from The Sackler Trust and The Prafarata Foundation towards its grant making activities. The Trustees consider it appropriate to show these as separate funds this year and the transfers represent the re-allocation of funds received to each separate fund. 

Page 17 



## THE BRITISH SKI & SNOWBOARD NATIONAL FOUNDATION 

(A Company Limited by Guarantee) 

NOTES TO THE FINANCIAL STATEMENTS For the year ended 30 June 2022 

## 14. Analysis of net assets between funds 

## Analysis of net assets between funds - current year 

|Unrestricted<br>funds<br>2022<br>£<br>Tangible fixed assets<br>57<br>Current assets<br>98,194<br>Creditors due within one year<br>(57,619)<br>Total<br>40,632<br>Analysis of net assets between funds - prior year<br>Unrestricted<br>funds<br>2021<br>£<br>Tangible fixed assets<br>86<br>Current assets<br>72,261<br>Creditors due within one year<br>(71,640)<br>Total<br>707|Restricted<br>funds<br>2022<br>£<br>-<br>7,000<br>-<br>7,000<br>Restricted<br>funds<br>2021<br>£<br>-<br>92,075<br>-<br>92,075|Total<br>funds<br>2022<br>£<br>57<br>105,194<br>(57,619)<br>47,632<br>Total<br>funds<br>2021<br>£<br>86<br>164,336<br>(71,640)<br>92,782|
|---|---|---|



## 15. Related party transactions 

During the year, the Charity received a donations totalling £102,000 (2021: £90,000) from foundations with trustees in common. £100,000 (2021: £70,000) was restricted for specific purposes as detailed in note 13. Other than disclosed elsewhere in the financial statements, there are no transactions with related parties requiring disclosures in the current or prior years. 

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