STAFFORDSHIRE WINTER SPORTS CLUB
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £6,710,107 at the year end, which is above the stated policy target of two to three months' expenditure. However, the trustees note that a significant payment for reparation costs is anticipated, with £4.2m already transferred to a designated dilapidations fund, and the reserves policy is currently under review.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to two to three months’ expenditure.” — page 8
“However, the four Trustees were paid £209,417 (2023: £142,857). The remuneration was paid by PI (Lichfield) Limited see note 21 to the financial statements and is included in the direct cots of £524,934 (2023: £242,788).” — page 24
Charity Commission inquiry
Structured financials (annual return, FY ending 31/12/2024)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £12.5m | £11.9m |
| 31/12/2023 | £11.9m | £10.0m |
| 31/12/2022 | £11.9m | £8.9m |
| 31/12/2021 | £7.5m | £6.3m |
| 30/06/2020 | £1.5m | £1.5m |
Common questions
Is STAFFORDSHIRE WINTER SPORTS CLUB financially healthy?
The accounts state that unrestricted reserves stood at £6,710,107 at the year end, which is above the stated policy target of two to three months' expenditure. However, the trustees note that a significant payment for reparation costs is anticipated, with £4.2m already transferred to a designated dilapidations fund, and the reserves policy is currently under review. Its FY2024 accounts were audited by Kinnaird Hill.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ROGER DE HAAN CHARITABLE TRUST | 1 | £534k |
| THE HADFIELD CHARITABLE TRUST | 1 | £3k |