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Charity registration number 1097049 (England and Wales)
Company registration number 02149293
CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
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Trustees Mr AS Young
Mr | Davis
Mr P Messenger
Mr P Snabel
Mr AC Simmons
Mr AJ Fearnley
Mr PE Millman
Mr R Pain (Appointed 19 June 2024)
Ms L Harris (Appointed 17 July 2025)
Secretary Mr AC Simmons
Charity number 1097049
Company number 02149293
Registered office Church Road
Crowborough
East Sussex
England
TN6 1BN
Independent examiner Oliver Read FCCA ACA
James Todd & Co Limited
Drayton House
Drayton Lane
Drayton
Chichester
West Sussex
PO20 2EW
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Doc ID: 64660c21872a85ca0171f6cae5c20914b52ae9a3
CROWBOROUGH TENNIS & SQUASH CLUB LIMITED CONTENTS Page Trustees' report 1-2 Independent examiner's report 3 Statement of financial activities 4 Balance sheet 5 Statement of cash flows 6 Notes to the financial statements 7-20
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CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). Objectives and activities The objects of the Charity are to establish, manage and conduct a sports club and to promote the playing of tennis, squash, racquet ball, and other similar sporting pursuits and provide instruction, tuition, conveniences, sports, games and recreations for members of the club and their friends.
The Club Mission Statement is 'The purpose and aims of the club is to contribute to the life of the local community by providing a friendly, sporting and social environment, open to all. Where people of all ages may socialise, exercise and be helped and encouraged to play a variety of racket sports to their own level of individual talent, comfort and ambition, including providing the opportunity to represent the club competitively. All provided at a cost that is affordable and gives good value and within an environment of first class facilities.’ The polices adopted in furtherance of these objectives is to conduct an independent racketsports club for both members and visitors offering a variety of racket sports.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
Significant activities and achievements against objectives The Board is pleased to report that the club continues to move forward from a sporting perspective. Membership including Pay and Play is an upward trajectory and the range of coaching, tournaments and internal leagues continues to expand with a resultant increase in racket sport participation. The club was awarded Tennis Sussex Club of the year for 2025. During the year, we installed two pickle courts and a mini tennis court.
Financial review
The budget was set to generate funds over the course of the year to enable operational expenses to be met including meeting the £15,600 court sinking fund requirement and to provide for the scheduled repayments of the LTA loan. This has been achieved this year with a surplus income of £80,547 exceeding the sinking fund requirement by £64,947. Surplus income for the year ending 31 March 2025 amounted to £89,019 before allowing for depreciation of £8,472 giving a surplus after depreciation of £80,547.
Unrestricted reserves carried forward are £631,922 (2024: £551,375), which includes liquid funds of £120,175 (2024: £111,569).
Reserves policy 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 between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
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CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Plans for future periods The charity plans to refurbish two squash courts and also replace the main pavilion roof during the year. The charity is also investigating the possibility of resurfacing courts 7 & 8 with artificial clay as well as making further improvement to the outdoor facilities.
Structure, governance and management The charity is a company limited by guarantee, charity registration number 1097049 and company registration number 02149293.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr AS Young
Mr | Davis
Mr P Messenger
Mr P Snabel
Mr AC Simmons
Mr AJ Fearnley
Mr PE Millman
Mr R Pain (Appointed 19 June 2024) Ms L Harris (Appointed 17 July 2025)
Recruitment and appointment of trustees
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The trustees' report was approved by the Board of Trustees.
Mr P Messenger
Trustee
DF:| 24 / 09 / 2025
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CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
| report to the trustees on my examination of the financial statements of Crowborough Tennis & Squash Club Limited (the charity) for the year ended 31 March 2025.
Responsibilities and basis of report As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, | report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. Independent examiner's statement Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. | confirm that | am qualified to undertake the examination because | am a member of the Chartered Association of Certified Accountants and an Associate of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. | have completed my examination. | confirm that no 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 the charity as required by section 386 of the Companies Act 2006. 2 the financial statements do not accord with those records; or 3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
| 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 financial statements to be reached. Oliver Read FCCA ACA
James Todd & Co Limited
Drayton House Drayton Lane Drayton Chichester West Sussex PO20 2EW
Dated: oe24eeeeeeeeeeeeeeees/ 09 / 2025
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CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Unrestricted funds funds 2025 2024 Notes £ £ Income from: Prosperity fund 4 15,000 - Charitable activities 3 200,278 136,122 Other trading activities 5 101,611 86,826 Investments 6 845 453 Total income 317,734 223,401 Expenditure on: Raising funds 7 65,892 57,213 Charitable activities 8 170,807 131,862 Other expenditure 13 488 5,895 Total expenditure 237,187 194,970 Net income and movement in funds 80,547 28,431 Reconciliation of funds: Fund balances at 1 April 2024 551,375 522,944 Fund balances at 31 March 2025 631,922 551,375
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
BALANCE SHEET AS AT 31 MARCH 2025
2025 2024 Notes £ £ £ £ Fixed assets Tangible assets 15 666,297 623,161 Current assets Stocks 16 3,382 2,652 Debtors 17 1,134 1,104 Cash at bank and in hand 120,175 111,569 124,691 115,325 Creditors: amounts falling due within one year 19 (51,093) (43,466) Net current assets 73,598 71,859 Total assets less current liabilities 739,895 695,020 Creditors: amounts falling due after more than one year 20 (107,973) (143,645) Net assets 631,922 551,375 The funds of the charity Unrestricted funds 138,900 58,353 Revaluation reserve 493,022 493,022 631,922 551,375
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees ON ........ceeseeseeeees24 / 09 / 2025 fr _ . Cc
Mr P Messenger
Trustee
Mr R Pain
Trustee
Company registration number 02149293 (England and Wales)
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CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025 2024 Notes £ £ £ £
Cash flows from operating activities Cash generated from operations 25 86,307 75,790
Investing activities Purchase of tangible fixed assets (52,096) (152,194) Investment income received 845 453
Net cash used in investing activities
Financing activities Proceeds from new bank loans Repayment of bank loans
Net cash (used in)/generated from financing activities
Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year
(51,251) (151,741) - 114,000 (26,450) (3,650) (26,450) 110,350 8,606 34,399 111,569 77,170 120,175 111,569
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CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Charity information
Crowborough Tennis & Squash Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Church Road, Crowborough, East Sussex, TN6 1BN, England.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest f.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2. Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3. Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Deferred income is included in the financial statements due to the company offering membership's for multiple years at a fixed current market rate. The individuals who took up this offer will have their payments spread over the life of the membership awarded.
Cash income from bar and shop sales is recognised on receipt.
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CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
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FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised on an accruals basis when the liability is incurred.
Charitable expenditure comprises those costs incurred by the charity in pursuit of its charitable objectives.
Both support and governance costs are recharged to the main activity and form part of charitable expenditure with a separate analysis being provided in the notes. Governance costs include those costs associated with meeting the statutory requirements of the charity and include independent examination fees and costs linked to the strategic management of the charity.
All costs include any non-recoverable VAT.
1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold buildings
40 years straight line
Plant and equipment 25% and 10% reducing balance
Freehold land is not depreciated.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
Assets are capitalised where they have a useful life of more than 12 months, and cost more than £1,000.
1.7. Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held with banks.
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CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.10 Financial instruments The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
Derecognition offinancial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.11 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
1.12 Retirement benefits Payments to defined contribution retirement 2 Critical accounting estimates and judgements
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
3 Income from charitable activities
Income generated from charitable activities Sports coaching Match and tournament income Visitors fees Analysis by fund Unrestricted funds
Membership Net coaching Tennis Squash Court tickets Pickleball fees Padel court Total Total income income and fees floodlighting 2025 2025 2025 2025 2025 2025 2025 2025 2024 £ £ £ £ £ £ £ £ £ 97,570 - - - 12,865 4,491 63,515 178,441 113,579 - 8,518 - - - - - 8,518 9,211 - - 3,571 - - - - 3,571 3,049 - - 2,097 7,651 - - - 9,748 10,283 97,570 8,518 5,668 7,651 12,865 4,491 63,515 200,278 136,122 97,570 8,518 5,668 7,651 12,865 4,491 63,515 200,278 136,122
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CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
3 Income from charitable activities
(Continued)
Previous year: Membership Net coaching Tennis Squash Courttickets Padel court Total income income and fees floodlighting 2024 2024 2024 2024 2024 2024 2024 £ £ £ £ £ £ £ Income generated from charitable activities 79,324 - - - 10,299 23,956 113,579 Sports coaching - 9,211 - - - - 9,211 Match and tournament income - - 3,049 - - - 3,049 Visitors fees - - 1,862 8,421 - - 10,283 79,324 9,211 4,911 8,421 10,299 23,956 136,122 Analysis by fund fund Unrestricted funds 79,324 9,211 4,911 8,421 10,299 23,956 136,122
Income generated from charitable activities Sports coaching Match and tournament income Visitors fees
Analysis by fund fund Unrestricted funds
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CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
4 Income from prosperity fund
Unrestricted Unrestricted funds funds 2025 2024 £ £ 15,000 - lights, by the UK government Unrestricted Unrestricted funds funds 2025 2024 £ £ 4,273 3,648 60,418 50,614 35,805 31,410 1,081 1,132 34 22 101,611 86,826 Unrestricted Unrestricted funds funds 2025 2024 £ £ 845 453
Grants
Government grants During the year, the club received a £15,000 grant as part funding, towards the new LED lights, by the UK government through the UK Shared Prosperity Fund. 5 Income from other trading activities
Fundraising events Shop income Letting and licensing arrangements Sponsorships and social lotteries Other income
Other trading activities
6 Income from investments
Interest receivable
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CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
7 Expenditure on raising funds
Fundraising and publicity Staging fundraising events
Trading costs Other trading activities Staff costs
Total costs
Unrestricted Unrestricted funds funds 2025 2024 £ £ 3,955 2,625 32,724 27,896 29,213 26,692 61,937 54,588 65,892 57,213
8 Expenditure on charitable activities
Direct costs Staff costs
Depreciation and impairment Projects
Tennis fees and match expenditure
Squash fees and match expenditure Tennis repairs Coaching costs
Share of support and governance costs (see note 9) Support Governance
Analysis by fund Unrestricted funds
Overheads Overheads 2025 2024 £ £ 31,575 28,792 8,472 5,895 9,223 3,600 4,477 3,118 492 663 29,990 11,235 592 1,165
84,821 54,468 82,770 71,352 3,216 6,042 170,807 131,862 170,807 131,862
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CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
9 Support costs allocated to activities
Staff costs
Rates
Light and heat Insurance
Maintenance and contracts servicing Printing, postage, stationery and advertising Telephone
Computer expenses Licences Sundry expenses Governance
Governance costs comprise:
Accountancy and independent examination
10 Net movement in funds
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets Loss on disposal of tangible fixed assets
Overheads Total 2025 2024 £ £ 21,661 21,021 5,159 4,288 18,257 18,968 3,083 3,198 21,384 14,086 2,484 1,089 1,139 923 1,643 1,917 2,299 1,398 5,661 4,464 3,216 6,042 85,986 77,394 2025 2024 £ £ 3,216 6,042 3,216 6,042 2025 2024 £ £ 8,472 5,895 488 2,548
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CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11 =‘Trustees
None of the trustees (or any persons connected with them) received any remuneration from the charity during the year. One of the trustees were reimbursed for out of pocket expenses during the year for £342 (2024 - Two of the trustees were reimbursed £599 for out of pocket expenses).
Eight trustees (2024: Seven trustees) and/or their related parties paid for membership fees and match fees during the year. These were paid at the market rate.
In 2024, two trustees and one ex-trustee loaned the charity £5,000 each, to help fund the development of a charitable project, at a favourable interest rate of 2.5% below that of market rate of 5.0%. At the end of the year, the balance owing to the trustees and ex-trustee was £15,674 (2024: £15,292).
12 Employees
The average monthly number of employees during the year was:
Office Maintenance Bar Total Employment costs
Wages and salaries Pension costs
2025 2024 Number Number 2 2 1 1 5 5 8 8
2025 2024 £ £ 81,416 75,559 1,033 946 82,449 76,505
There were no employees whose annual remuneration was more than £60,000.
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CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13 Other expenditure
Net loss on disposal of tangible fixed assets Financing costs
Unrestricted Unrestricted funds funds 2025 2024 £ £ 488 2,548 - 3,347 488 5,895
14 = Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
15 _—‘ Tangible fixed assets
Freehold Plant and Total buildings equipment £ £ £ Cost or valuation At 1 April 2024 747,597 5,631 753,228 Additions 17,606 34,490 52,096 Disposals - (900) (900) At 31 March 2025 765,203 39,221 804,424 Depreciation and impairment At 1 April 2024 126,807 3,260 130,067 Depreciation charged in the year 4,513 3,959 8,472 Eliminated in respect of disposals - (412) (412) At 31 March 2025 131,320 6,807 138,127 Carrying amount At 31 March 2025 633,883 32,414 666,297 At 31 March 2024 620,790 2,371 623,161
The Charity has elected to use a previous GAAP revaluation of its freehold land and properties as the deemed cost of those assets on the transition date in accordance with the transitional provision contained in section 35.10(d) of FRS102.
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CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16 Stocks 2025 2024 £ £ Finished goods and goods for resale 3,382 2,652 17. Debtors 2025 2024 Amounts falling due within one year: £ £ Trade debtors 177 176 Prepayments and accrued income 957 928 1,134 1,104 18 —_Loans and overdrafts 2025 2024 £ £ Bank loans 116,750 143,200 Payable within one year 30,100 26,450 Payable after one year 86,650 116,750
The long-term loans were received from the Lawn Tennis Association and have been provided interest free. The loan received in the previous financial year for £114,000 helped fund the Padel Court project and is secured on the assets of the Club and is repayable over 5 years. The existing long term loan is unsecured and repayable over 10 years.
19 Creditors: amounts falling due within one year
Bank loans
Other taxation and social security
Deferred income
Trade creditors
Other creditors Accruals
2025 2024 Notes £ £ 18 30,100 26,450 884 671 21 6,031 6,031 4,077 2,141 5,034 3,250 4,967 4,923 51,093 43,466
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CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 ~=— Creditors: amounts falling due after more than one year 2025 2024 Notes £ £ Bank loans 18 86,650 116,750 Deferred income 21 2,513 8,544 Other creditors 18,310 18,351 107,973 143,645 21 ~——Deferred income 2025 2024 £ £ Other deferred income 8,544 14,575 Deferred income is included in the financial statements due to the company offering membership's for multiple years at a fixed current market rate. The individuals who took up this offer will have their payments spread over the life of the membership awarded, giving rise to the deferred income above. 2025 2024 £ £ Deferred income is included within: Current liabilities 6,031 6,031 Non-current liabilities 2,513 8,544 8,544 14,575 Movements in the year: Deferred income at 1 April 2024 14,575 - Released from previous periods (6,031) - Resources deferred in the year - 14,575 Deferred income at 31 March 2025 8,544 14,575 22 ~— Retirement benefit schemes schemes 2025 2024 Defined contribution schemes £ £ Charge to profit or loss in respect of defined contribution schemes 1,033 946
22 ~— Retirement benefit schemes schemes
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
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CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- —_— Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 April 2024 Incoming Resources At 31 March resources expended 2025 £ £ £ £ General funds 58,353 317,734 (237,187) 138,900 Revaluation reserve 493,022 - - 493,022 Previous year: At 1 April 2023 Incoming Resources At 31 March resources expended 2024 £ £ £ £ General funds 29,922 223,401 (194,970) 58,353 Revaluation reserve 493,022 - - 493,022 Related party transactions There were no disclosable related party transactions during the year (2024 - none). generated from operations 2025 2024 £ £ Surplus for the year 80,547 28,431 Adjustments for: Investment income recognised in statement of financial activities (845) (453) Loss on disposal of tangible fixed assets 488 2,548 Depreciation and impairment of tangible fixed assets 8,472 5,895 Movements in working capital: (Increase)/decrease in stocks (730) 200 (Increase) in debtors (30) (1,011) Increase in creditors 4,436 25,605 (Decrease)/increase in deferred income (6,031) 14,575 Cash generated from operations 86,307 75,790
24 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
25 __Cash generated from operations
Surplus for the year
Adjustments for:
(Increase) in debtors Increase in creditors (Decrease)/increase in deferred income Cash generated from operations
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CROWBOROUGH TENNIS & SQUASH CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
26 ~— Analysis of changes in net funds/(debt)
At 1 April 2024 Cash flows At 31 March 2025 £ £ £ Cash at bank and in hand 111,569 8,606 120,175 Loans falling due within one year (26,450) (3,650) (30,100) Loans falling due after more than one year (116,750) 30,100 (86,650) (31,631) 35,056 3,425
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