WINTER SPORTS FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure deficit of £204,043 for the year ended 31 August 2025, with total income falling significantly to £1,547,354 from £7,249,558 in the prior year. Unrestricted reserves decreased to £149,864, which is below the trustees' stated policy target of holding the equivalent of six months' operational expenditure. The trustees have resolved to wind down the charity's activities, and the auditor has identified a material uncertainty regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The trustees aim to hold the equivalent of six months’ operational expenditure, but not less than three months, to meet unforeseen financial contingencies” — page 4
“These events and conditions indicate that a material uncertainty exists that may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.” — page 8
“An amount of £15,000 (2024: £nil) of fees for the continued running of the Charity whilst the ongoing HMRC investigation was paid to Adam Carnall.” — page 21
“An amount of £15,000 (2024: £nil) of fees for the continued running of the Charity whilst the ongoing HMRC investigation was paid to Elliott Emery.” — page 21
“An amount of £15,000 (2024: £nil) of fees for the continued running of the Charity whilst the ongoing HMRC investigation was paid to Adam Carnall.” — page 21
“An amount of £15,000 (2024: £nil) of fees for the continued running of the Charity whilst the ongoing HMRC investigation was paid to Elliott Emery.” — page 21
“During the year ended 31 August 2025 the accounting records kept by the charity were not sufficient to accurately record restricted fund balances. We were therefore unable to confirm the accuracy of restricted and unrestricted funds in the financial statements.” — page 8
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Eve Lakechair
- Alistair Gallagher
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £1.5m | £1.8m |
| 31/08/2024 | £7.2m | £7.3m |
| 31/08/2023 | £7.2m | £7.1m |
| 31/08/2022 | £5.7m | £5.5m |
| 31/08/2021 | £4.0m | £4.0m |
Common questions
Is WINTER SPORTS FOUNDATION financially healthy?
The accounts state that the charity reported a net expenditure deficit of £204,043 for the year ended 31 August 2025, with total income falling significantly to £1,547,354 from £7,249,558 in the prior year. Unrestricted reserves decreased to £149,864, which is below the trustees' stated policy target of holding the equivalent of six months' operational expenditure. The trustees have resolved to wind down the charity's activities, and the auditor has identified a material uncertainty regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Cooper Adams Ltd.