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2024-03-31-accounts

KENDAL SNOWSPORTS CLUB (CIO 1192759)

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31[st] MARCH 2024

Kendal Snowsports Club (CIO 1192759)

1

Trustees’ report

Summary

The theme for 2023/24 has been one of building. Building our membership base, sense of community, our lessons, membership, our adaptive offer, freestyle development, our race participation, our instructors and helpers. With 97 members competing on race day and a huge outreach through KJAM, with athletes competing in Italy, the Futures Sessions, members teaching in Japan, across Europe and in Canada and our upcoming AGM themed around 'Adventures and Careers beyond our Little Slope'; we project our Club out into the World.

We are rightfully recognised as a major adaptive centre and due to some hard work from our Safeguarding and Welfare Officer we are the first club to be 'signed off' in the new SSE Safeguarding programme. With the Winter Holiday Action Fund programme, we again reached out into the community following our charitable values and motto of 'Snowsports for all'. As always we subsequently offered free places to those wishing to continue participating.

Our amazing maintenance team continue to develop our site. We have taken a major step to reducing long term maintenance costs with the purchase of a fixed high-pressure pump for slope cleaning. We also continue to work on the habitat provisions and anyone who has been at the top of our slope at twilight regularly will have undoubtedly seen the owls.

A target membership of 1200 was set for 2023/24, the annual membership reached 1250 . Revenue was planned at £180,160 and the outturn is £203,500, (2022/23 £175,100). It must be recognised prices were increased for the 2023/24 season, so this was to be expected. Profit was £78,300, up from last year (£37,500). Total Assets net of Current Liabilities is now total just under £832,000 of which cash holdings are a little under £132,000 and a further £202,000 is held in interest bearing bank deposit accounts. Key revenue streams are lessons 33% of the revenue, slope receipts and equipment hire 26% of revenue, of which 17% comes from freestyle receipts; membership 19% of the revenue and Schools & Groups 5% of revenue. In total, these four revenue streams account for 83% of revenue. This puts the club in a very secure financial position for the future.

We are edging closer to securing the planning permission for the new slope in perpetuity with completion of the 14 pre conditions and are currently awaiting approval from Westmorland & Furness Authority.

Over the last four years, we have successfully become a CIO, applied for and received planning permission, ridden the tidal wave that was Covid, come out the other side and rebuilt our membership to near as high as it has every been, continued to build our finances and reputation as a well run club, creating many necessary policies to ensure we act in line with our charitable status and deliver on our strap line of ‘snowsports for all’. Our aim must be to further increase membership and revenue, while continuing to reach out in the community and offer opportunity to the many.

Most importantly of all, we continue to build a vibrant club feel with a real community feel. We live our mission:

‘To provide a volunteer led and affordable Artificial Ski Slope where anyone can be introduced to, and build, a wide range of appropriate skills to a good recreational level of Snowsports, to create a sound platform for further advancement if and when needed'.

As we reach our 40th year, we remember this is a club of our members and for our members as it always was and always will be. All that is mentioned above is the efforts of an amazing team of volunteers who believe in what they are doing.

Strategic Development Activities

2

Kendal Snowsports Club (CIO 1192759) Trustees’ report

Reference and Administrative Details

The trustees, and their terms of office, are:

Mrs Jean Lonsdale (Charity Trustee) Appointed 12th May 2022 for 3 years Mr John Lowther (Charity Trustee) Appointed 11th May 2023 for 3 years Mr John Bryers (Charity Trustee) Appointed 11th May 2023 for 3 years Mr Ken Leech (Charity Trustee) Appointed 9th May 2024 for 3 years Mr Richard Waple (Charity Trustee) Appointed 9th May 2024 for 3 years Mr David Gray (Officer Charity Trustee & Chair) Appointed 9th May 2024 for 1 year Mr David Rogerson (Officer Charity Trustee & Vice-Chair) Appointed 9th May 2024 for 1 year

Principal Office

Kendal Snowsports Club Canal Head North Kendal, LA9 7BY, Cumbria

Charity Registration Number

1192759

Independent Examiner

Mr W Coxon

3

Kendal SNya%sports (CIO 11927591 Tru5tee5' Rep(Yt Statementof Trustèes, Responssbilsties The trv5tees are responsible lorprepatln8 the trustees, report and the finanoal stslements in acC￿dan￿ with the United Kingdom Accounbn8 Stsndan15 Iunited XSn8dom Generally A¢cepted Accountir8 Prarticel and applicable law and regU￿bOn5. The law applicable to charities requlres the trustees to Prepa￿ finanaal ststements foreach finanaal yearwhith give a twe and fairview of the stste of affalrs of the charity and of the incoming resources and appllcatifm of ￿SOUrceS of the thartty forthat perfod. In p￿paring these finanoal ststements, the trustees a￿ requI￿d to.. -5elertsuitsble accountin8 policies and then appty them ¢onsistendy,' -obseNe the methods 2fKI prinuples in the Charities SORP; -maPejudgements 2nd estlmates that are ￿3$￿¥ble and pr￿lenl. -state %trhetherapplicaWe accountin8 stsndards have been folltrwed, subiettto any material departures disclosed and explained in the financial 5tatements,' and -p￿Pa￿ the financial statements onthe 8oin8 conom basis unles5 It Is inappropriate to p￿sLtme that the chat7ty will continue in business. The trustee5 are responsible for keepin8 proper accountin8 ￿COrdS that dlsdose wSth rea$C￿able accurary atany ￿me the financial positim of the tharity and enable them to ensu￿ thatthe financial ststements comply with the Charities Aet 2011.the applicable tharities (Atcounts and Reports) Regulatyons, and the provisions of the constitution. Ttte trustees are also ￿SponSible forsafeguarding the assets of the d)arity and hen￿ fortaking reasonable Steps forthe p￿vention and detection of fraud and other irre8ularities. The annual reportwas approved by the trustees ofthe thanty on 24th October2024 and st8ned on its behalf by.. l R Lowther Tnjstee

KendalSnowspNts aub (CIO 11927591 Independent Ex•mkner's Reporttothe Trustees of Kendal Snuw5ports for the year to alst Marth 2024 l ￿port toihe trt￿tee$ on my examinati￿ of the firancSal ststements of Kendal Sntywsports avb I'the tharity'l forthe yearto 31st Marth 2024. ReS&￿e re$w￿1b1l[IeS ottr4￿e5 and Independentexamkner As the charity's trustees you are responsiwe forthe preparation ofthe financial statements, you tonsiderthat the audit ￿qU1￿MentOf section 144 of the tharityes Art 2011 (the Charity'es Act) does not app￿ and that an independent examination is needed.lt is my ￿SponSibl￿1ty to examine the accounts un¢Jer section 145 of the Charities Act.. to follow the procedures laid down in the General Directions given by the Charity Commission undersecbon 145lSllbl of the Charities Art and to state whether particular matters have come to my attention. Basls of Inde￿ndenteXamlner'S statement My examination was tarried out in accordance with the Genet71 01￿ctiOnS g￿en by the tharity Commission. An examination indude5 a review ofthe accountin8 ￿CordS kept by the charity and a comparison ofthe accounts presented with thesè rectyds. It a159 includes consideration of any unusual items ordisclosures in the accounts, and seekSn8 explanatlons from you as trustees concemin8 any such matters. The pro￿du￿5 undertaken do not provide all the evider.ce thatwould be ￿qUI￿d in an audit and conseqUen￿Y no opinion is given as towhptherthe accounts p￿senta.￿le and fairview" and the report Ss limlred to those matters setout in the statement belt)W. Independent examkner's ststement In connecrion with my examination, no matter has come to my attention.. 111 which gives me reasonable cause to belie'ie that in any material ￿spertthe ￿qui￿rneDts: -to keep properaccounting rec(xds in accordance with settion 130 of the Charities Art.. and -to p￿pare accolints which accord with the accounting ￿(ordS and to Comp￿ with the accountin8 reqU1￿ments ofthe CnaritSes Act have not been meL ¢ 121 towhith, in my opinion, attention should be dTrwn in orderto enable a proper understsndin8 of the accounts to be ached. W Coxon Independernt Examiner. 11 LoIL

Kendal Snowsports Club (CIO 1192759)

Statement of Financial Activities

(including income and expenditure account and statement of total recognised gains and losses)

for the year to 31st March 2024

Income
Note
3
4
5
6
7
Other trading activities
Investment income
Total income
Expenditure on:
Total expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
Donations and legacies
Charitable activities		 Unrestricted
2023-2024
2022-2023
funds
Total
Total
£
£
£
0.00
0.00
0.00
190,616.87
190,616.87
172,121.73
9,750.00
9,750.00
3,000.00
1,511.74
1,511.74
0.00
201,878.61
201,878.61
175,121.73
141,948.35
141,948.35
137,648.48
59,930.26
59,930.26
37,473.25
59,930.26
59,930.26
37,473.25
753,599.20
753,599.20
716,125.95
813,529.46
813,529.46
753,599.20

All the above amounts relate to continuing activities.

The notes on pages 9 to 16 form part of these financial statements.

6

KendalSnMpoTts aub (CIO 11927591 Ba￿nCe Sheetas at31st Marth 2024 2024 2024 2023 Fued assets Note Land & Buildings Slope Sk,. SnLwbtsarding & Tubin8 E9uipment Slope Equipment Instwctorunrfomis 224.770.46 203.889.46 33,218.94 2.482.79 247.48 224,770.46 219,667.19 29,223.35 953.54 Computer Equipment Ma¢nteThance Equipment 14,590.98 486.Crt) 479200.11 475.100.54 Cwrentassets InveS￿ents Debtors io 1.672.50 4,699.68 334,421.24 340.795.42 9965.22 21.908. 11 249.795.07 281.670.40 Paypal Bank depositand current attounts Cre(Slors: amou4ts fallvw due wfthln one year NètcUrrèntA￿ets li 6.466.07 3,171.74 278,4ti8.66 753,i99.20 334.329.35 813.529.46 Funds Un￿Strirted income funds 813.529.46 813,529.46 753,599.20 753599.20 Totsl funds The flnancial statements on pages 6 to 16 wère appreNed by the trJstee5, and èuthoii5ed forissue on 24th October 2024 and slgned on its. behalf by.. J R Lowther Tnjstee

Kendal Snowsports Club (CIO 1192759)

Cash flow statement

for the year to 31st March 2024

Note
8
8
Net cash provided by/(used in) operating activities
Net movement in funds
Adjustments to cash flow from non cash items
Deduct interest & dividend income
Add back depreciation
(Increase)/decrease in investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Cash flows from investing activities
Interest and dividends
Purchase of tangible fixed assets
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents in the period
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward		 2023-2024
2022-2023
£
£
59,930.26
37,473.25
-1,511.74
0.00
66,215.04
61,123.99
124,633.56
98,597.24
0.00
0.00
8,292.72
-4,342.99
3,294.33
-2,833.22
136,220.61
91,421.03
1,511.74
0.00
-70,314.61
-50,797.49
-68,802.87
-50,797.49
67,417.74
40,623.54
271,703.18
231,079.64
339,120.92
271,703.18

8

Kendal Snowsports Club (CIO 1192759) Notes to the financial statements for the year to 31st March 2024

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

Basis of preparation

Kendal Snowsports Club 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 notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

9

Kendal Snowsports Club (CIO 1192759) Notes to the financial statements for the year to 31st March 2024

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset classes

0.00% Straight line basis 11.11% Straight line basis 20.00% Straight line basis 20.00% Straight line basis 25.00% Straight line basis 25.00% Straight line basis

10

Kendal Snowsports Club (CIO 1192759) Notes to the financial statements

for the year to 31st March 2024

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

11

Kendal Snowsports Club (CIO 1192759) Notes to the financial statements for the year to 31st March 2024

2 Comparitive Figures

Comparitive figures are for the period 1st April 2022 to 31st March 2023.

3 Income from donations and legacies

3 Income from donations and legacies
4 Income from charitable activities
Instruction
Membership
Tubing
Open Sessions
Holiday Activities & Food Programme
Groups
Equipment Hire
KJam
Shop
Sundries
Vending Machine
Cash Up/(Down)		 Unrestricted
2023-2024
2022-2023
funds
Total
£
£
£
0.00
0.00
0.00
0.00
0.00
0.00
Unrestricted
2023-2024
2022-2023
funds
Total
£
£
£
69,375.13
69,375.13
61,430.23
37,610.00
37,610.00
35,700.00
5,821.00
5,821.00
5,173.00
24,771.00
24,771.00
22,130.00
3,217.54
3,217.54
3,043.77
11,401.00
11,401.00
13,821.50
28,353.87
28,353.87
21,491.80
2,001.33
2,001.33
1,935.05
2,183.80
2,183.80
2,638.04
4,807.52
4,807.52
4,321.74
1,358.30
1,358.30
1,013.00
-283.62
-283.62
-576.40
190,616.87
190,616.87
172,121.73

5 Income from other trading activities

5 Income from other trading activities
Income received from Kendal Ski Club Car Park Limited Unrestricted
2023-2024
2022-2023
funds
Total
£
£
£
9,750.00
9,750.00
3,000.00
9,750.00
9,750.00
3,000.00

12

Kendal Snowsports Club (CIO 1192759) Notes to the financial statements for the year to 31st March 2024

6 Investment income

Depreciation
Equipment Purchases
Clothing Purchases
7 Expenditure
Cleaning
Refuse Collection
Bank, credit card and PayPal charges
Insurance, Affiliation & Subscription
Trophies & Engraving
Refreshments & Social Events
KJam
Water
Electricity
Office
Professional Fees
Maintenance-Tow & Slope
Maintenance-Skis & Boots
Maintenance-Ski Lodge
Publicity
Vending Machine
Charitable Donations
Training Costs & Race Entry Fees
Interest, Dividends & Misc. Income		 Unrestricted
2023-2024
2022-2023
funds
Total
£
£
£
1511.74
1511.74
0
1511.74
1511.74
0
Unrestricted
2023-2024
2022-2023
funds
Total
£
£
£
1,795.50
1,795.50
2,578.22
86.10
86.10
143.50
2,026.39
2,026.39
1,227.50
898.20
898.20
899.32
0.00
0.00
0.00
1,657.40
1,657.40
4,502.90
658.75
658.75
168.74
4,658.09
4,658.09
4,700.64
12,019.67
12,019.67
4,634.14
3,610.26
3,610.26
7,079.55
546.60
546.60
687.20
11,207.94
11,207.94
28,188.97
301.20
301.20
435.54
11,764.72
11,764.72
980.73
2,022.04
2,022.04
1,278.84
981.85
981.85
933.05
3,143.51
3,143.51
3,070.53
16,973.31
16,973.31
12,375.83
0.00
0.00
448.45
1,381.78
1,381.78
2,190.84
66,215.04
66,215.04
61,123.99
141,948.35
141,948.35
137,648.48

13

Kendal Snowsports Club (CIO 1192759) Notes to the financial statements for the year to 31st March 2024

8 Tangible fixed assets

Net Asset Value
B/fwd 1st April 2023
C/fwd 31st March 2024
Tangible Fixed Assets
B/fwd 1st April 2023
Additions
C/fwd 31st March 2024
Depreciation
B/fwd 1st April 2023
Depreciation for Year
C/fwd 31st March 2024
C/fwd 31st March 2024
Depreciation
B/fwd 1st April 2023
Net Asset Value
B/fwd 1st April 2023
C/fwd 31st March 2024
Depreciation for Year
C/fwd 31st March 2024
Net Asset Value
B/fwd 1st April 2023
C/fwd 31st March 2024
Tangible Fixed Assets
B/fwd 1st April 2023
Additions
C/fwd 31st March 2024
Depreciation
B/fwd 1st April 2023
Depreciation for Year
C/fwd 31st March 2024
Tangible Fixed Assets
B/fwd 1st April 2023
Additions		 Ski, Snowboard
& Buildings
Slope
& Tubing Eqpt
£
£
£
224,770.46
1,038,236.43
191,472.87
0.00
36,600.00
13,727.00
Freehold Land		 Ski, Snowboard
& Buildings
Slope
& Tubing Eqpt
£
£
£
224,770.46
1,038,236.43
191,472.87
0.00
36,600.00
13,727.00
Freehold Land
224,770.46
1,074,836.43
205,199.87
0.00
818,569.24
162,249.52
0.00
52,377.73
9,731.41
0.00
870,946.97
171,980.93
224,770.46
219,667.19
29,223.35
224,770.46
203,889.46
33,218.94
Slope
Instructor
Computer
Equipment
Uniforms
Equipment
£
£
£
5,605.56
18,779.46
17,525.95
2429.39
270
0
8,034.95
19,049.46
17,525.95
4652.02
18,779.46
17,525.95
900.14
22.52
0
5,552.16
18,801.98
17,525.95
953.54
0.00
0.00
2,482.79
247.48
0.00
Maintenance
Equipment
£
540.00
17288.22
17828.22
54.00
3183.24
3237.24
486.00
14590.98		 Total
£
1,496,930.73
70,314.61
1,567,245.34
1,021,830.19
66,215.04
1,088,045.23
475,100.54
479,200.11

All significant asset purchases in the year have been capitalised, and monthly depreciation has been charged on a straight line basis

14

Kendal Snowsports Club (CIO 1192759) Notes to the financial statements for the year to 31st March 2024

9 Subsidiary

Kendal Ski Club Car Park Limited is a wholly owned subsidiary of Kendal Snowsports Club. The directors of Kendal Ski Club Car Park Limited are David Neil, David Gray and David Rogerson.

Section 138 of the Charities Act 2011 normally requires group accounts to be prepared. Under the exception granted by Section 139 of the Charities Act 2011 the accounts of Kendal Ski Club Car Park Limited have not been consolidated into these accounts of Kendal Snowsports Club.

Kendal Snowsports Club received a donation from Kendal Ski Club Car Park Limited of £9,750 in the year.

10 Debtors

Trade debtors
Prepayments
Prepayments-La Villa ski trip		 2023-2024
£
1,672.50
0.00
0.00
1,672.50		 2022-2023
£
4,927.50
5,037.72
0.00
9,965.22

11 Creditors: amounts falling due within one year

Trade creditors
Other creditors-La Villa ski trip
Amount due to Kendal Ski Club Car Park Limited
Accruals		 2023-2024
£
6,114.07
350.00
2.00
0.00
6,466.07		 2022-2023
£
3,169.74
0.00
2.00
0.00
3,171.74

12 Total Funds

Balance at 1st April 2023
Incoming resources
Resources expended
Balance at 31st March 2024		 Unrestricted
funds
£
753,599.20
201,878.61
-141,948.35
813,529.46

15

Kendal Snowsports Club (CIO 1192759) Notes to the financial statements for the year to 31st March 2024

13 Staff costs

Kendal Snowsports Club is run entirely by volunteers, with the exception of the employment of a cleaner. The cost of employing the cleaner was £1582.50.

14 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any other benefits from the charity during the year, other than free use of the facilities, a privilege which is also extended to all registered volunteers.

Reimbursements of expenses to trustees was as follows:

John Bryers:
David Gray:
Rob Blyth:
Honorarium for Independent Examiner
Council planning preconditions payment
Cable for tow
Relay and relay base
Child protection certificate
Jotform subscription
Wiring for tow
Switch for tow
Taster mat for slope
Helpers evening desserts
SSE conference accommodation
Halloween night bbq
HAF food and prep
Christmas extravaganza food
Burgers & sausages
Printer ink for office
Business cards
Dutyman subscription, race day bbq & primary race day bbq
x2 gas bottles for bbq
Helpers evening food, drink and prep		 £
364.89
48.71
20.00
76.91
51.40
93.20
44.99
87.80
448.00
174.50
52.03
89.99
1,552.42
£
520.83
88.00
1,058.44
119.98
316.07
58.33
2,161.65
£
46.40
145.00
191.40

16