Charity reglslrallon nLsmber.' 277566 United Kingdom Practical Shooting Association known as UKPSA Annual Report and Financlal Statements for the Year Ended 31 March 2023
United Kingdom Practical Shooting Association known as UKPSA Contents (continued) Reference and Adminlstralfve Detsil$ Truslees, Report 2to3 Statement of Trustees, Responsibilities Independent Examlnerfs Report Statement of Financial Activiltes 6t07 Balance Sheet
United Kingdom Practical Shooting Association known as UKPSA Reference and Administrative Details Trustees W Thomas G Cooper C Gamlin Charity Regtstratlon Numbgr 277566 Prindpal Office PO Box 227 South Shields NE33 9FJ Independent Examlnef J M Russell FCA Jusl Audit & Assurance Ltd 37 Market Square Wllnèy Oxfordshire OX28 6RE Bankers TSB Bank PLC Hungerforij Page 1
United Kingdom Practical Shooting Association known as UKPSA Tnjstees, Report The Trustees present the annual report together wllh the financial 51alemen15 of the charity for the year ended 31 March 2023. Objectives and aclivities Obi8cts and8ln During the year. the Asso¢iation has carried on as agreed wilh the Charity Comml$$lon and aanment of amateur sport. The objects of the Association are still to.. 1. The advancement of the amateur sport of Practi1 Shooting and Dyn8mic Mart(smanshlp for the public benetht ty.. a) promoting publlc participation, PFactice and development Sn the Sport. and b) the provision of instwction in the sport, includlng In the safe use of firearms. 2. To encourage sklll In Practlcal Shooting by providing instruction and practKe in the use of fire8mis amongst His M8jesty's subiecls so that they wlll be better fitted serve their country in the Armed Forces, Aimed Forces ReseNe or any other organisation in which their seice$ may be required in the defence of the realm. Followlng the emergence from COVID restricttons our events calend81 has been extende(I to include the intemalional compelilM)ns and our training programs have continued lo in¢re8se. 11 should still be noted that membership of the association is not a requirement to particlpate in a safety course and that our satsty urSe$ also cover the handling of fireamis in relation lo public safety outside of the 'range' environs. In addition, Range Officer Seminars have started movlng back lo on range. Our standing with the pollce force remains high, and the excellence of our training is clearly recognised. The Home Oftice sttll recognise us a National Governlng Organisation INGOI. The UKPSA Is 8 member of the Inlernation81 Practical Shooting Confederètion IIPSCI, an inlemational body that promotes the sport and fosters the spirit of inteinalional wperation and friendship. This has also resulted In vlslts to GB events from a number of intgrnational eompetitors fmm a varlety of dlffereNI Counlrie5. The trustees have had due regard lo guld8nce published by the charlty commlssion on public benefit when exercising any powers or duties to which the ouldance Is relevant. The Trustees confirm that they have complied with tho requirements of section 17 of the Charltles Act 2011 to have due regard to the publi¢ benefit guidance published by the Charlty Commission lor England and Wal8S. Page 2
United Kingdom Pradical Shooting Association knoym as UKPSA Trustees. Report (continued) Flnand81 revitr The AssocFatlon Intends to ulillse Its reserves on opportunstles to develop and promote the sport whll also WFshing to accumulate 8 reserve in order to protect the rnembership against any legal thallenges lo the sport. The resem ujrrenty stands at £242,987. Structure. govemarKe and management The Association's govemance is in accordan with its constitution adopted on 6 November 1982 as amended In July 2020 by Ch¥rlty Commission Scheme for the addhlonal d)arilable ot4e¢t of 8dvaneeffnt of amateur sport. Govemance consists of five appointed officers comprising a Chaiman, Treasurer. Secretsry, Public Relatn$ Officer and Dlre¢lor. These officials are elected ea¢h year at tt Annual General Meeting. The Trustees of the charity are appointed from thls Ilst and currenty comprlse the Chaimian. Secretary and Treasurer of the AssocSation. Further Councl members are then COwOPted as requlred. The full Councl Ilst can b8 vlewed at https'.IIMwl.ukpsa.co.uklntaCI-2I Tho UKPSA Constitution 15 availablg at httpsJA•rnw.ukpsa.co.uklukpsa<onslitutronl No new risks have been identified slnce our risk register was Implemented durlng 2001102. In addition. the TnJstee5 have reviewed the A3sociation'$ Rlsk Plan and are satisfitsd thal il 1$ adequate and that tho AssocIatn 1$ acUv8ty managlng the klentlfled rlsks. The annual rewl was 8ppn)ved by the Trustees of the charity on 17/0.?ftD.z¥ and syn1 on its bghalf ty. Truslee Page 3
Unlted Kingdom Practical ShootlNJ Association knovffl as UKPSA ststement of Twstees. Responsibilities The Trustee$ are responslble for prepang the Trustees, report and the fln8ndal statements In accordance with ihe Unfted Kingdom AccountlTrg StsndaTd8 (Unlt8d Kingdom Generalty Accepted A(xountSng Pra¢Alce) and applICab law and regulations. The law appllcabl8 kn thaiilies requlros the Trustees lo prepare ffinancial statemgnts for oath finan¢i81 year which give a tjue and falr view of the stats of affairs of the charity 8nd ol Ihe Incomlng resources and application of resourc85 of Ihe charity for that period. In prepafjno the flnanclal Statements, the Trustees are Tequired to: select suHable aoJ)untlrvJ pofiues and then apply Ihom ¢onsistenty; observe the methods and principles in the Charities SORP; make Judgements and estimates thal are reasonable and prudont $tsle whether appfic¥ble ¥c¢ountlng siandards have been followed, Suts to any materfal departuro5 disdosed and explained in the financial statements,, and propete the ffinanL?al statents on the golng oN)c8rn basis unles5 h Is inapproprlale to presume that the charfty wlll contlnue in buslness. The Trustees are ro$ponslble for keeping pmper accounting records that dlsdose with reason8bl8 a¢¢vra¢y at any lime the financial po$ilion of the charlty and enable them lo ensure thai the financlal statements compty w1h th¢ Ch8thles Act 2011. the Charities {A(xounts and Rerts} Regulations 2008, and the provisions of the constltutlon. The Trustees are also responslble for safeguarding the assets of the charlty and herte for laklng reasonable steps for the PreVenOn and deledlon of ftaud and other Irregularities. The Trustees are responsible for Ihg malntenance and inlegilty of the corpornte and financlal infomalion induded on Ihe charitable companrfs web$6te. LegIaOn governing the preparation and dlssemlnation of financial ststements may drfler from legislation in otherjurisdictknns Approved by the Trustees of the tharty on .................... and signed on Is behall by: G Cooper Trnste6 P•g8 4
United Kingdorn Praciical Shooting Association known as UKPSA Independent Examine¢s Report to the trustees of United Kingdom Practi1 Shooting Association I report to the Trustees on my examlnallon of the a¢¢ounts of United Kingdom Practical Shooting Association for the year ended 31 March 2023. Responsibilitigs and basls of report As the tharty Trustees of United Kingdom Praclical Shootlng Assoclatitin you are responsible for the preparatlon of the accounts in accordance with the requirements of the Charitles Act 2011 I'lhe Act'l. I report In respect of my examination of the Uniled Kingdom Practlcal Shooting Associalion's accounts cathed out undei section 145 of the 2011 Act and in carrying Olrt my examlna16on I have followed all the applicable Dlrections given by the Charity Commission under section 145{5}{bl of the Acl. Independenl examinerfs ststement I have completed my examinatSon. l Confirm that no material matters have come to my attenllon In connection wilh the examination oiving me cause to belleve that in any maierial respecl- 1. accounting records were not kept in resp8cI of Uniled Kingdom PTactical shtIng Association as requlred by section 130 of the Acl. or 2. the a¢¢ounts do not accord with those records" or 3. the accounts do not compty wf(h the accounllng quireMentS conceming the fomi and content of accounts set oul in the Charilies (Accounts and Reports} Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not 8 m8tt8r considered as part of an independent examination. I have no concems and have come across no other matter5 in connection wrth the examination to which attenth)n should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. , J M Russell FCA Just Audit & Assurance Lld 37 Market Square Witney Oxfordshire OX28 6RE Page 5
United Kingdom Practical Shooting Association known as UKPSA Statement of Financial Activitie5 for the Year Ended 31 March 2023 Unrestrlctod funds 2023 Unrestricted funds 2022 In(mIng resources Subscriptions alld membershlp fees Sponsorship Sale of merchandise Donalions and grfl aid Bank Interesl iecelvable 93,126 136 8,041 17.215 1,361 81,994 7,397 19,462 964 Totsl Income 119,879 109.817 Resources expended Purchase of merchandise Independent examiner fg9s Legal and profession81 fees Training Insurance Trade subscriptions National champlonshlp expenses Trophies Meeting expenses DVC and Frf)stsge Gr8nt awards Computer softhre and Maintenan costs Sundry expenses Travel and subsistence Promotion Website costs Bank charges Amortisalion of trndemarks Depreclatlon of furniture and equipment 9,292 1,500 869 8.455 41,782 8,506 8,230 10,725 850 779 8,454 123 318 5.805 2,488 105 429 145 1,356 110.211 610 1.680 1,033 4,656 36,247 6,783 11.831 698 588 1,243 215 3,131 145 1,371 70,260 Net Income 9.668 39,557 Other reo)gnised gains and Ioss8S UnrealSsod galnl(knssl on fixed asset Investm8nls Net m¢)vemont in funds 2,794 923 12,462 40.480 Re(x)ndllatlon of funds Total funds brought forward Totsl funds Carried foThvard 230,525 190,045 12 242 987 230 525 The notes on pages 9 to 14 form an integral part of these financi81 statements. Page 6
United Kingdom Praclical Shooting Association known as UKPSA Statement of Financial Activities for the Year Ended 31 March 2023 (continued) All of the charity's acbvities derNe from continuing operations during the above tsvo periods. Thg notes on pages 9 to 14 form an integral part of these flnandal ststements. Page 7
United Kingdom Practical Shooting Association known as UKPSA (Registration number: 277566) Balan Sheet as at 31 March 2023 2023 2022 Note Fixed assets Intsngible assets Tanglble assets Investments 395 7.619 539 7.775 46,664 8,014 54,978 Current assets Stocks Debtors Cash at bank and in hand 23,508 31,613 184.378 18.871 1,430 15B.828 10 239,499 4.526 179,129 Creditors.. Amounts tslllng due *thln one year 11 3,582 N8t curr8nt assets 234.973 175,547 Net assets 242,987 230,525 Funds of th? charlty: Unrgstricted incomg lunds Unreslrieied funds 242,987 242.987 230.525 Total funds 12 230,525 The financial slatem8nts on pages 6 to 14 were approved by the TNslees. and authorised for issue on and signed on their behalf by.. G Cooper Trustee The rK>tes on pages 9 to 14 fom an integral part of these fin8n¢ial statements. Page 8
United Kingdom Practical Shooting Association known as UKPSA Notes to the Financial Statements for the Year Ended 31 March 2023 1 Accountlng pollcles Ststsment of compli8nce The fin8ncial statements have been prepared in accordance with the second ediknon of the Charibe5 Ststement of Recommended Practice issued in October 2019, the Financial Reporting Siandard applicable in the United Kingdom and Republic of Ireland (FRS 1021 and the Charltles Act 2011. 8asls of preparatbon Unlted Klngdom Practical Shootlng Assod8fjon meets the deflnlllon of 8 public benefit entty under FRS 102. The accounts (financial slatementsl have been prepared under the historical cost convention wilh items recognised al cost or transaction value unless otherwise slated in the relevanl note(s) to these 8c¢ounts. Going concem The Truslees conslder that there are no m8terf81 uncertainties about the charity's ability to continue 8S a going concem. Subscriptions. m•fflb8wship fe•$ and othor income Income thal is attributable to annual subscriptions is defeTTed and released to the Consolidated Stslement of Flnan¢ial A¢tivities over the perlod lo whlch the membershlp relates. Llfe membershlp subscriptions are amortised on a straight line basis over a period of nty years. Gift Aid income resulting fmm meMbehIp is matched to th& period to which il relates. Voluntary income including donations, gifts. legacies and gr8nts that provide core funding or are of a general nalure Is reco9nised whers the charity has gnitilemenl to Ihe Income, 11 is probable Ihat the income will be retsived and the amount can be measured with sufficient reli8bility. A great amount of time, the value of which is nol refi8¢tsd in thgse* financial stslements. is donated by our volunteers. Volunteer5 play 8 vitsl role in our sp oper8tions. competition organisation and back office administration. Exp8ndliure All expenditure is recognised once there is a legal or eonstru¢twe obligatlon to that expenditure. 11 probable settlement Is requlred and the amount can be measured rellabty. All costs are allocated to Ihe applicable expenditure heading that aggregate similar costs to that category. Where costs nn01 be diTedy attdbuted to particular headlngs they have b8en allocalad on a basls conslstent wlth the use of resources, with centr81 staff costs 811ocated on the basis of time spent, and depiec4atson charges alloc2ted on the portlon of the asset's use. Other support costs are allocated based on the spread of staff cost& Govemance costs These include the costs attributsble to the charity's compliance wrth constitutional and slalutory requirements, including audit. Strateg management and Trustees meetings and reimbursed expenses. Page 9
United Kingdom Practical Shootlng Association known as UKPSA Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) T8xation The charity is consrdered lo pass Ihe lests set out In P8ragr8ph 1 Schedule 6 of the Finance Act 2010 and therefoie il meets the definition of a eharitsble company for UK corporalion tsx purposes. Accordingly. the charlty Is potenti811y exempt from taxation in spect of Income or capital gains received wilhin categories covered by Chapter 3 Part 11 of the CorWr8on Tax A 2010 or Sectlon 256 of the Taxatlon of Chargeable Galns Act 1992, kn the eent that such Income or gains are applied exclusively to ch8ritsble Purposes. Intangible assets Intangible assets are staled in Ihe Balance Sheet at cost less accumulated arnortisation and impaimient. They are ¥mortised on a 5tr2ight Ilne basis over their eimated useful INes. Tanglble fixed essets Tangible assets are stsled In the Balance Sheet at cost les5 ac¢umulated depreciation and impaimient. They are depreciated on a straight line basis over their eslimatfjd useful lives. Amortlsation Amorbsation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value. over their expecled useful economic lrfe as follows: Asset class Trademats Amorlisalion method and rate 10% straight line Depreciatlon Depreciation is provided on tangib19 fixed assets so as to wriie off the cost or valuation. less any estimated residual value. over their expected useful gconomic lif8 a5 follow5.. Asset dass Furniture and equipment Dewed811 nWhod and rate 10% straight line Flxed asset inve5tmenis Fixed asset inveslments, other than programme related Investments, are induded at markei value at the balance sheet date. Realised galns and losses on investments are cal181ed as the difference betsveen sales proceeds and their market value at the stsrt of the year, or their subsequent COSt, and are charged or credited io the Ststement of Flnandal Activit in the period of disFX)sal. Unrealised gains and losses represent the movement In market Yalues during the year and are rediled or charged to the Ststement of Flnancial Activ1e$ based on the market value at the yeor end. Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. after due regard for obsolete and slow moving slock& Page 10
United Kingdom Practical Shooting Association known as UKPSA Notes to the Financial Slatements for the Year Ended 31 March 2023 (continued) Fund stru(luro Unreslrtcl8d income funds are general funds that are available for use al the Truslges di$¢retion In furtherance of the objectives of Ihe charity. 2 ExF¢nditure on ¢hariiable athvltles Unrestrlcted funds General Total 2023 Totsl 2022 Note Governan costs 2,369 2,369 2,713 Totsl expendire 3 Analysls of govemance and support costs Govemance costs Uniestslthd funds Genernl Total lund8 Independent examiner fees Examination of the financial slatements Legal fees 1.500 869 1,500 869 Total for 2023 2,369 2,369 Total for 2022 2.713 2,713 4 Trustees remunetalK)n and expenses No Trustees, nor any persons connected V•ryth them, have received any remuneration from the charity during the year. There were no salaries or wages paid by the charity in the year. There was no indemnity insurance pald durtng the year12022 £nill 5 Taxation The charity is a gISte(l charity and is therefore exempt trom taxation. Page11
United Klngdom Practical Shooting Association known as UKPSA Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) 6 Intangible fixed assots Tr8dema At 1 April 2022 1.447 At 31 March 2023 Amortlsallon At 1 April 2022 Charge for the year At 31 March 2023 908 144 1.052 Net book value At 31 March 2023 395 At 31 March 2022 539 7 Tangible fixed assets Furniture and equlpment At 1 Aprfl 2022 Aiklition5 13,905 1,200 At 31 March 2023 15,105 Depreciatlon At 1 April 2022 Charge for the year 6.130 1.356 Al 31 March 2023 Net book value At 31 Mareh 2023 7.619 At 31 March 2022 8 Fixed asset Investhne 2023 2022 Other investments 46,664 Page 12
United Kingdom Practical Shooting Association known as UKPSA Notes to the Financial St8ternents for the Year Ended 31 March 2023 (coniinued) Other investments Unllsted Inveslments Total Cost or Valuation Al 1 April 2022 Dispos81s 46,664 46,664 At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 46.664 46.664 9 Debtows 2023 2022 Prepayments Other debtors 18,509 13,104 31,613 1.430 10 Cash and cash equfvalents 2023 2022 Cash at bank 184,378 158.828 11 Credi5. amounts falling due within one year 2023 2022 Other tsxation and social security Other ueditors Accruals 1871 3.079 231 1,533 1,818 3,582 4.526 Page 13
United Kingdom Practical Shooting Association known as UKPSA Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) 12 Funds B3[an at 1 Aprfl 2022 BOlan at 31 March 2023 IncomiThJ ReSQUTces recognised r•sources expended gainsl{losses) Unrestrlthd General 230,525 119,879 110,211 2,794 242,987 Balance at 1 April 2021 Other Resourcys recognised exp8nded gain(10$$es) Balance at 31 Mah 2022 Incomlng resources Unrostricted Gener31 190.045 109,817 0,260 923 230.525 13 Related party transacllons Durlng the year the ch8rity made the following related party transactions: iPrlnt Digital Solutions Limited (One of the Trustees is a diredov of iPrint Digitsl Solutions Limited) £ 7,746 w85 paid during the year for m8rchandise12022 £ 5691- At the ba18nce sheet date the amount due lomrom iPrint Digital Soluilons Llmlted wa5 £Nil {2022 - £Nill. Page 14