Disability Ski Wales Annual Accounts And Treasurer's Report 2026 I have examined the accounts and prepared them in line with the Charity Commission Guidelines. (see note l and 2). They have been verified and to the best of my knowledge represent a true and fair picture of the financial position as at 31" March 2026. l am saddened to report that the expenditure exceeded the incorne and Disability Skiing Wales will post a loss on trading activities ol1£2,635.841 for ihe f inancial period l April 31 March 2026. Duncan Gilroy Treasurer 21 JyL4 202
Income & Expenditure Analysi5 for the year ended 31 March 2026 Income Membership subscriptions 645.00 Ski Sessions 1,449.35 Holiday Income 7.187.00 Fvndr3i5ing / grants 2,426.37 Other Income $04.1J) Interest receivable 0.00 Total £12,208.72 Expenditure Ski Sessons 11.475.001 Holiday 18.904.001 Equipment 11,060.151 Insurance I SSW 11,444.071 General Expenses 11,860.341 Other Costs 1101.DOI Total 114,844.561 Net Income 1£2,635.841 Bank Summary Balance l April, 2025 £7,471.89 Income £12.208.72 1£14.844.561 Expenditure Balance 31 March 2025 £4,796.05 Net Income 1£2,635.841 Page2of6
Disability Ski Wales Income & Expenditure account detail forthe year ended 31 March 2026 DSW Total Income Membership subscriptions £64S.(M) £645.00 Ski Sessions £1,449.35 £1,449.35 Holiday Income £7,184.00 £7,184.00 Fundraising / grants £2,426.37 £2,426.37 Other Income £504.00 £504.00 Interest receivable £0.00 £0.00 Total £12,208.72 £12,208.72 Expenditure Ski Session5 1£1.475.001 1£1.475.001 Holiday Expenditure 1£8,904.001 1£8.904.IM)I Equipment (£1,060.15 1179.091 Insurance I Snowsport Wales membership 1£1,444.071 1£1.444.071 General expenses 1£1.860.341 1£1.860.34 Other i£ioi.001 IEIOI.001 Total {£14,844.56) {£14,844.56) Net income {£2,635.841 1£2,635.841 Page3016
Cash tunds DSW Total Opening balances l April 2025 Natwest account £7,471.89 £7.471.89 Petty cash 0.00 0.00 Net movement for year North Wales account 1£2,635.841 (£2,635.84> Petty cash 0.00 Closing balances 31 March 2026 Natwest account £4,796.05 Page4of6
Note l Basis of preparation 1.1 Basis of accounting These accounts have been prepared on the basis of historic cost in accordance with.. Accounting and Reporting by Charitie5- Statement of Recommended Practice ISORP 20051.'Accounting Standards- and the Charities Act. 1.2 Change in basis of accounting There has been no change to the accounting policies Ivaluation rules and methods of accounting) since last year. 1.3 Changes to previous accounts No changes have been made to accounts for previous years The charity's trustees are responsible for maintaining the accounting recoids. They consider that an audit is not required for this year under section 144 of the Charities Act 2011 Ithe Charities Actl and that an independent examination is rkeeded. It is my responsibility to examine the account5 under section 145 gf the Charities Act. to follow procedures laid down in the genera1 Directions given by the Charity Commission (under section 14515llbl of the Charities Act) and to State whether particular matters have come to my attention. Note 2 Accounting policies This standord list of uccounting policies hos been ¢7pplied by the chority exceptfor those deleted. Where t7 different or additional policy has been odopted then this is detailed in the box below. INCOMING RESOURCES Recognition of incoming These a included in the Statement of Financial Activities ISOFAI when.. the charity becomes entitled to the resources- the trustees are virtually certain they will receive the resources.. resources and the monetary value can be measufed with sufficient ieliability. Where incoming resources have related expenditure la5 Wlth fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA. Grants and donations are only included in the SOFA when the charity has urKonditK)nal entitlement to the resources. Tax reclaims on donations Incoming fesources from tax reclaims are included in the SOFA at and gifts the same time as the gift to which they relate. Contractual income and This is only include(l in the SOFA once the related goods or services performance related grants have been delivered. Gilts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind lor sale or distribution are included in the accounts as gifts On when sold or distributed by the charity. Gifts in kind lor use by the charity are included in the SOFA as incoming resouice5 when receivable. Incoming resources With related expenditure Grants and donations Gifts in kind Page5of6
Donated service5 and These are only included in incoming resources Iwith an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable. measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. The value of any voluntary help received is not included in the account5 but is described in the trustees, annual report. Volunteer help Investment income This is included in the accounts when receivable. Investment gains and losse5 This includes any gain or loss on the sale of investments and any gain or1055 resvlting from revaluing investments to market value at the end of the year. EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. Include costs of the preparation and examinatior) of statutory accounts. the costs of trustee meetings and cost of any legal advice to trustees on Eovernance oi constitutional matters. Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grant5 afe only recognised in the SOFA once the recipient of the grant h35 provided the Specified service or output. These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. Support costs include central functions and have been allocated to activity cost categories on 3 basis consistent with the use of resources, eg allocating property costs by floor area5, or per capita, staff costs by the time Spent and other costs by their u53ge. Governance costs Grants with performance conditions Grants payable without performance conditions Support Costs ASSETS Tangible fixed assets for use by charity These are capitalised if they can be used for more than one year. and cost at least £5LK). They are valued at cost or 3 reasonable value on receipt. Inve5tment5 quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees, best estimate of market value. These are valued at the lower of cost or market value. Investments Stocks and work in progress ote3 During the year. the charity received £1.721.93 from a fundraising campaign organised Independent by jasmine Pursglove and subsequently donated to Disability Skiing Wales. Following a donor chargeback, the donor received a refund of £410 through the fundraisirig platlorm. Disability Skiing Wales has not made any reimbursement for this amount. Trustees recognise that a future clairn for reimbursement may arise. However, as no claim has been received and no liability has been established. no provision has been made within these accounts. Page6016