ARMY WINTER SPORTS ASSOCIATION
Financial health, per its FY2024 accounts
The accounts state that the charity closed with a surplus of £28,218,000 against a forecast income of £277,000, indicating strong financial performance for the year. The trustees report that the association is in excellent order and financially stable, despite facing increasing in-year financial pressures and scrutiny from Army budgets. The charity maintains a reserves policy to cover one year of running costs, with a portion held in investments for medium-term growth.
What the accounts disclose
“The Charity will endeavour to hold a financial reserve sufficient to cover the minimum running costs of one-year’s Army Winter Sports events.” — page 4
Structured financials (annual return, FY ending 31/05/2025)
Trustees
- Colonel Graham Sefton
- Colonel James Rhodes
- Lt Col Peter Middlemiss
- Maj Gen Joe Fossey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £689k | £629k |
| 31/05/2024 | £654k | £626k |
| 31/05/2023 | £581k | £568k |
| 31/05/2022 | £284k | £250k |
| 31/05/2021 | £35k | £35k |
Common questions
Is ARMY WINTER SPORTS ASSOCIATION financially healthy?
The accounts state that the charity closed with a surplus of £28,218,000 against a forecast income of £277,000, indicating strong financial performance for the year. The trustees report that the association is in excellent order and financially stable, despite facing increasing in-year financial pressures and scrutiny from Army budgets. The charity maintains a reserves policy to cover one year of running costs, with a portion held in investments for medium-term growth.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ARMY CENTRAL FUND | 1 | £40k |
| Army Benevolent Fund | 1 | £23k |
| DUMBRECK CHARITY | 1 | £3k |
| CHELTENHAM ROUND TABLE CHARITABLE TRUST FUND | 1 | £2k |
| LORD BARNBY'S FOUNDATION | 1 | £500 |