Charity registration number: 277566 

## United Kingdom Practical Shooting Association 

known as 

UKPSA 

Annual Report and Financial Statements 

for the Year Ended 31 March 2024 



## United Kingdom Practical Shooting Association 

## known as UKPSA 

## Contents (continued) 

|Contents (continued)||
|---|---|
|Reference and Administrative Details|1|
|Trustees' Report|2 to 3|
|Statement of Trustees' Responsibilities|4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6 to 7|
|Balance Sheet|8|





## United Kingdom Practical Shooting Association 

## known as UKPSA 

## Reference and Administrative Details 

Chairman 

C Gamlin Trustees 

A Williams W Thomas G Cooper C Gamlin D Smith A Alipour R Clifton C Toner S Davies J Lawley Morris M Spence G Guest T Wyborn T Ward Charity Registration Number 

277566 Principal Office 



Alpha House 100 Borough High Street London SE1 1LB Independent Examiner 

J M Russell FCA Just Audit & Assurance Ltd 37 Market Square Witney Oxfordshire OX28 6RE Bankers 

TSB Bank PLC Hungerford 

Page 1 



## United Kingdom Practical Shooting Association 

## known as UKPSA 

## Trustees' Report 

The Trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2024. 

## Objectives and activities 

## Objects and aims 

During the year, the Association has carried on as agreed with the Charity Commission and advancement of amateur sport. 

The objects of the Association are still to: 

1. The advancement of the amateur sport of Practical Shooting and Dynamic Marksmanship for the public benefit by: 

a) promoting public participation, practice and development in the sport; and 

b) the provision of instruction in the sport, including in the safe use of firearms. 

2. To encourage skill in Practical Shooting by providing instruction and practice in the use of firearms amongst His Majesty’s subjects so that they will be better fitted to serve their country in the Armed Forces, Armed Forces Reserve or any other organisation in which their services may be required in the defence of the realm. 

## Objectives, strategies and activities 

Following the emergence from COVID restrictions our events calendar has been extended to include the international competitions and our training programs have continued to increase. It should still be noted that membership of the association is not a requirement to participate in a safety course and that our safety courses also cover the handling of firearms in relation to public safety outside of the ‘range’ environs. In addition, Range Officer Seminars have started moving back to being delivered via classroom sessions and on range. Our standing with the police force remains high, and the excellence of our training is clearly recognised. The Home Office still recognise us a National Governing Organisation (NGO). 

The UKPSA is a member of the International Practical Shooting Confederation (IPSC), an international body that promotes the sport and fosters the spirit of international co-operation and friendship. This has also resulted in visits to GB events from a number of international competitors from a variety of different Countries. 

## Public benefit 

The trustees have had due regard to guidance published by the charity commission on public benefit when exercising any powers or duties to which the guidance is relevant. 

The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. 

Page 2 



## United Kingdom Practical Shooting Association 

## known as UKPSA 

## Trustees' Report (continued) 

## Financial review 

## Policy on reserves 

The Association intends to utilise its reserve on opportunities to develop and promote the sport whilst also wishing to accumulate a reserve to protect the membership against any legal challenges to the sport. The total reserves of the charity stand at £262,312. 

## Structure, governance and management 

## Nature of governing document 

The Association's governance is in accordance with its constitution adopted on 6 November 1982 as amended in July 2020 by Charity Commission Scheme for the additional charitable object of advancement of amateur sport. 

## Recruitment and appointment of Trustees 

Governance consists of five appointed officers comprising a Chairman, Treasurer, Secretary, Public Relations Officer and Director. These officials are elected each year at the Annual General Meeting. The Trustees of the charity are appointed from this list and currently comprise the Chairman, Secretary and Treasurer of the Association. Additionally, all voting members of Council have been appointed as Trustees of the Association and registered with the Charity Commission. Further Council members are then co-opted as required. 

The full Council list can be viewed at https://ukpsa.org/council/ The UKPSA Constitution is available at https://ukpsa.org/documentation/shelves/official-documentation 

## Major risks and management of those risks 

Our risk register was implemented during 2001/02. In addition, the Trustees have reviewed the Association’s Risk Plan and are satisfied that it is adequate and that the Association is actively managing the identified risks. 

There is a current proposal by the HSE to ban the use of lead in ammunition, which has the potential to cause significant disruption to our sport.The proposal is under review by UKPSA and in accordance with BSSC efforts to challenge the proposal before it becomes legislation. 

31/01/25 The annual report was approved by the Trustees of the charity on .................... and signed on its behalf by: ......................................... G Cooper Trustee 

Page 3 



## United Kingdom Practical Shooting Association 

## known as UKPSA 

## Statement of Trustees' Responsibilities 

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. 

The law applicable to charities 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 these financial statements, the Trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking 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 charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 

Approved by the Trustees of the charity on .................... and signed on its behalf by:31/01/25 

......................................... G Cooper Trustee 

Page 4 



## United Kingdom Practical Shooting Association 

## known as UKPSA 

## Independent Examiner's Report to the trustees of United Kingdom Practical Shooting Association 

I report to the Trustees on my examination of the accounts of United Kingdom Practical Shooting Association for the year ended 31 March 2024. 

## Responsibilities and basis of report 

As the charity Trustees of United Kingdom Practical Shooting Association you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

I report in respect of my examination of the United Kingdom Practical Shooting Association's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## Independent examiner’s statement 

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

1. accounting records were not kept in respect of United Kingdom Practical Shooting Association as required by section 130 of the Act; or 

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

3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 

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. 


...................................... 

J M Russell FCA Just Audit & Assurance Ltd 

37 Market Square Witney Oxfordshire OX28 6RE 

Date: 27/01/2025 

Page 5 



## United Kingdom Practical Shooting Association 

## known as UKPSA 

## Statement of Financial Activities for the Year Ended 31 March 2024 

||Total<br>Total|
|---|---|
||2024<br>2023|
|Note|£<br>£|
|Income and Endowments from:||
|Donations and gift aid|22,021<br>17,215|
|Subscriptions and membership fees|85,980<br>93,126|
|Sponsorship|-<br>136|
|Sale of merchandise|12,092<br>8,041|
|Bank interest receivable|4,774<br>1,361|
|Total income||
||124,867<br>119,879|
|Expenditure on:||
|Purchase of merchandise|13,051<br>9,292|
|Independent examiner fees|1,500<br>1,500|
|Legal and professional fees|1,263<br>869|
|Training|2,300<br>8,455|
|Insurance|41,945<br>41,782|
|Trade subscriptions|7,510<br>8,506|
|National championship expenses|5,605<br>8,230|
|Trophies|894<br>10,725|
|International championship expenses|17,443<br>-|
|Meeting expenses|1,326<br>850|
|DVC and postage|-<br>779|
|Grant awards|90<br>8,454|
|Computer software and maintenance costs|420<br>123|
|Sundry expenses|-<br>318|
|Travel and subsistence|910<br>5,805|
|Promotion|6,343<br>2,488|
|Website costs|3,026<br>105|
|Bank charges|415<br>429|
|Amortisation of trademarks|145<br>145|
|Depreciation of furniture and equipment|1,356<br>1,356|
|Total expenditure||
||105,542<br>110,211|
|Gains/losses on investment assets|-<br>2,794|
|Net income||
||19,325<br>12,462|
|Net movement in funds||
||19,325<br>12,462|
|Reconciliation of funds||
|Total funds brought forward||
||242,987<br>230,525|
|Total funds carried forward<br>11||
||262,312<br>242,987|



The notes on pages 9 to 14 form an integral part of these financial statements. Page 6 



## United Kingdom Practical Shooting Association 

## known as UKPSA 

## Statement of Financial Activities for the Year Ended 31 March 2024 (continued) 

All of the charity's activities derive from continuing operations during the above two periods. 

The notes on pages 9 to 14 form an integral part of these financial statements. Page 7 



## United Kingdom Practical Shooting Association 

## known as UKPSA 

## (Registration number: 277566) Balance Sheet as at 31 March 2024 

||2024<br>2023|
|---|---|
|Note|£<br>£|
|Fixed assets||
|||
|Intangible assets<br>6|250<br>395|
|Tangible assets<br>7|6,263<br>7,619|
||6,513<br>8,014|
|Current assets||
|||
|Stocks|25,426<br>23,508|
|Debtors<br>8|32,051<br>31,613|
|Cash at bank and in hand<br>9|204,598<br>184,378|
||262,075<br>239,499|
|Creditors: Amounts fallingdue within oneyear<br>10||
||(6,276)<br>(4,526)|
|Net currentassets||
||255,799<br>234,973|
|Netassets||
||262,312<br>242,987|
|Funds of the charity:||
|Unrestricted income funds||
|||
|Unrestricted funds|262,312<br>242,987|
|Total funds<br>11||
||262,312<br>242,987|



The financial statements on pages 6 to 14 were approved by the Trustees, and authorised for issue on .................... and signed on their behalf by:31/01/25 

......................................... G Cooper Trustee 

The notes on pages 9 to 14 form an integral part of these financial statements. Page 8 



## United Kingdom Practical Shooting Association 

## known as UKPSA 

## Notes to the Financial Statements for the Year Ended 31 March 2024 

## 1 Accounting policies 

## Statement of compliance 

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

## Basis of preparation 

United Kingdom Practical Shooting Association meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. 

## Going concern 

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

## Subscriptions, membership fees and other income 

Income that is attributable to annual subscriptions is deferred and released to the Consolidated Statement of Financial Activities over the period to which the membership relates. Life membership subscriptions are amortised on a straight line basis over a period of twenty years. 

Gift Aid income resulting from membership is matched to the period to which it relates. 

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. 

A great amount of time, the value of which is not reflected in these financial statements, is donated by our volunteers. Volunteers play a vital role in our shop operations, competition organisation and back office administration. 

## 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. 

## Governance costs 

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and Trustees meetings and reimbursed expenses. 

Page 9 



## United Kingdom Practical Shooting Association 

## known as UKPSA 

## Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 

## 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. 

## Intangible assets 

Intangible assets are stated in the Balance Sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives. 

## Tangible fixed assets 

Tangible assets are stated in the Balance Sheet at cost less accumulated depreciation and impairment. They are depreciated on a straight line basis over their estimated useful lives. 

## Amortisation 

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

Asset class Amortisation method and rate Trademarks 10% straight line 

Depreciation 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 class Depreciation method and rate Furniture and equipment 10% straight line 

## Stock 

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 stocks. 

## 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. 

## 2 Expenditure on charitable activities 

|2<br>Expenditure on charitable activities||
|---|---|
||Unrestricted|
||funds<br>Total<br>Total|
||General<br>2024<br>2023|
|Note|£<br>£<br>£|
|Governance costs<br>3|2,763<br>2,763<br>2,369|



Page 10 



## United Kingdom Practical Shooting Association 

## known as UKPSA 

## Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 

Total expenditure £ 


## 3 Analysis of governance and support costs 

## Governance costs 

|Governance costs||||
|---|---|---|---|
||Unrestricted|||
||funds|Total||
||General|funds||
||£|£||
|Independent examiner fees||||
|Examination of the financial statements|1,500||1,500|
|Legal fees|1,263||1,263|
|Total for 2024|2,763||2,763|
|Total for 2023|2,369||2,369|



## 4 Trustees remuneration and expenses 

During the year the charity made the following transactions with Trustees: A Williams 

£699 (2023: £Nil) of travel expenses were reimbursed to A Williams during the year. There was no indemnity insurance paid during the year (2023 £nil) 

## 5 Taxation 

The charity is a registered charity and is therefore exempt from taxation. 

Page 11 



## United Kingdom Practical Shooting Association 

## known as UKPSA 

## Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 

|Notes to the Financial Statements for the Year Ended|31 March 2024 (continued)|
|---|---|
|6<br>Intangible fixed assets||
||Trademark|
||£|
|Cost||
|At 1 April 2023|1,447|
|At 31 March 2024|1,447|
|Amortisation||
|At 1 April 2023|1,052|
|Charge for theyear|145|
|At 31 March 2024|1,197|
|Net book value||
|At 31 March 2024|250|
|At 31 March 2023|395|
|7<br>Tangible fixed assets||
||Furniture and<br>equipment|
||<br>£|
|Cost||
|At 1 April 2023|15,105|
|At 31 March 2024|15,105|
|Depreciation||
|At 1 April 2023|7,486|
|Charge for theyear|1,356|
|At 31 March 2024|8,842|
|Net book value||
|At 31 March 2024|6,263|
|At 31 March 2023|7,619|
|8<br>Debtors||
||2024<br>2023|
||£<br>£|
|Prepayments|-<br>18,509|
|Other debtors|32,051<br>13,104|
||32,051<br>31,613|



Page 12 



## United Kingdom Practical Shooting Association 

## known as UKPSA 

## Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 

|Notes to the Financial Statements for the Year Ended|31 March 2024 (continued)|
|---|---|
|9<br>Cash and cash equivalents||
||2024<br>2023|
||£<br>£|
|Cash at bank|204,598<br>184,378|
|10<br>Creditors: amounts falling due within one year||
||2024<br>2023|
||£<br>£|
|Other taxation and social security|543<br>(87)|
|Other creditors|2,733<br>3,079|
|Accruals|3,000<br>1,534|
||6,276<br>4,526|



Page 13 



## United Kingdom Practical Shooting Association 

## known as UKPSA 

## Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 

|11|Funds||||||||
|---|---|---|---|---|---|---|---|---|
|||Balance at 1||Incoming||Resources|<br>Balance at 31||
|||April 2023||resources||expended||March 2024|
|||£|||£|£||£|
|Unrestricted|||||||||
|General||242,987|||124,867|(105,542)||262,312|
|||||||Other|||
|||Balance at 1|Incoming||Resources|<br>recognised||Balance at 31|
|||April 2022<br>£|resources<br>£||expended<br>£|<br>gains/(losses)<br>£||<br>March 2023<br>£|
|Unrestricted|||||||||
|General||230,525||119,879|(110,211)||2,794|242,987|



12 Related party transactions There were no related party transactions in the year. 

Page 14