REGISTERED CHARITY NUMBER: 1097418 Trustees, Re ort and Unaudited Financial Statements for the Year Ended 31 December 2024 for Bisho Sutton Tennis Club
8Ssho Sutton Tennis Club Content5 of the Financial Statements for the Year Ended 31 December 2024 Page Trustees, Report Independent Examiner's Report Statement of Financial Actwities Balance Sheet Notes to the Finaneial Statements 6 to 14 Detailed Statement of Financial Activities 15 to 16
Bisho Sutton Tennls club Trustees, Re ort for the Year Ended 31 December 2024 The trustees present their report with the financlal statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 'Accounting and Reporting by Charities, the Statement of Recommended Practice ISORPI applicable to charitie5 preparing their accounts in accordance with FRSIO2. OBJECTIVES AND AcnviTIES Objectives and alms The objective of the charity is the promotion of comrnunity participation Sn healthy recreation for the benefits of the inhabitants of the Chew Valley area, in particular the provision of faclllties for playing tennis. ACHIEVEMENT AND PERFORMANCE The club continues to aim to provide good facilities for the enjoyment of tennis to both its junior and senior members. FINANCIAL REVIEW The club made a surplus of £6,952 for the year12023 delicit- £13.29511. A transfer of £21,787 was made to the Designated Fund12023- £21,787) STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DAlls Registered Charity number 1097418 Prlntipal address Wick Rd Bishop Sutton Bristol BS39 5TP Trustees D Tonkin M Hunter L lones S Streatlield-Jame5 (resigned 23 April 20241 CAllen Iresigned 23 April 20241 C Edwards R Spours-Bayliff C Dunsmore S Norfolk N Gibbons Irèslgned 23 Aprll 20241 (appointed 01 May 20241 (resigned I September 20241 Page I
Bisho Sutton Tennrs Club Trustees, Re ort for the Year Ended 31 December 2024 REFERENCE AND ADMINISTRATIVE DEYAILS Independent Examiner Paddock Heights Sutton Hill Road Bishop Stftton Bristol BS39 5UT Approved by order of the board of trustees on .doS.1........... and sEned on its behalf by: Trustee Page 2
Inde Bisho endent Examiner's Re Sutton Tennis Club ort to the Trustees of Independent èxamlnerfs report to the trustees of Bishop Sutton Tennis Club I report to the charity trustees on my examination of the accokjnts of Bishop Sutton Tennls Club Ithe Trustl for the year ended 31 December 2024. Responsibllltles 2nd basis of report As the charlty trustees of the Trust you are responsible for the preparatSon of the accounts In accordance with the requirements of the Charities Act 20111'the Act'l. I report in re5PèCt of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Di¥ections given by the Charity Commission under section 14515llbl of the Act. Independent examiner's ststement I have completed rny examination. I confirm that no material rnatters have come to my attentioN in connection with the examination givinE me cause to believe that in any matèrial respect.. a¢¢ountlnE records were not kept in respect of the Trust as required by section 130 of the Act,. or the accounts do not accord with those records; or the accounts do not comply with ihe applicable requirements concerning the form and content of accounts set out in the Charities IAecounts and Reports) Regulations 2W8 other than anv 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. Date.. !L¥[06125 Page 3
Bisho Sutton Tennis Club Statement of Financial Activitie5 for the Year Ended 31 December 2024 31,12.24 Total funds 31.12.23 Total funds Unrestricted Designated fund5 fund Restricted fund Notes INCOMEAND ENDOWMENTS FROM Donations and legacies 62,845 62,845 60,324 EXPENDITURE ON Other Net gainslllossesl on investments 152,3951 14.7401 157,1351 167.0521 1.242 1.242 3,433 NET INCOMEIIEXPENDITUREI 11,692 14,7401 6,952 13.2951 Transfers between funds li 121,7871 21,787 Net movement in funds 110,0951 17,047 6,952 13,2951 RECONaLIATION OF FUNDS Total funds brought forward 90,640 145,849 5tK) 236.989 240,284 TOTAL FUNDS CARRIED FORWARD 80,545 162.896 500 243,942 236,989 The notes form part of these financial statements Page 4
Blsho Sutton Tennis Club Balance Sheet 31 Dernber2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted Designated funds Fund Restricted fund Notes FIXED ASSETS Tangible asset5 91,378 500 91.878 101,270 CURRENT ASSETS Stocks Debtors Investments Cash at bank and in hand 840 840 840 1,177 48,353 118,188 49,597 113.299 49,597 133,863 20,564 21,404 162,896 184,300 168,558 CREDITORS Amounts falling due withSn one year 122,2851 122,2851 120.7891 NET CURRENT ASSETS 18811 162,896 162,015 147,769 TOTAL ASSETS LESS CURRENT LIABILITIES 90,497 162,896 500 253,893 249,039 CREDITORS Amounts falling due after more than one year 19,9501 19,9501 112,0501 NET ASSETS 80.547 162,896 500 243,942 236.989 FUNDS Unrestricted funds Restricted funds li 243,442 500 236,489 500 TOTAL FUNDS 243,942 236,989 The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. .Trustee The notes form part of these financial statements Page 5
Bisho Sutton Tennis Club Note5 to the Financlal Statements for the Year Ended 31 December 2024 ACCOUNTING POLICIES Basls of preparlng the Ilnanclal statements The financial statements of the charitvi which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Ch8rities'. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnan¢ial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l JanLJary 20191,, Financlal Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and RepLJblic of Ireland, and the Charities Act 2011. The financl81 statements have been prepared under the historical cost convention. Income All income is reco£nised in the Statement of Financial Activities when the chartty is legally entitled to the income and the amount can be quantified with reasonable accuracy. The Charity reco8nise5 Members. Subscription5 for the period l January to 31 December on an accruals basis. Members. Subscriptions received in the current fjnancial year but prepaid for the following financial year, are recognised as deferred revenue at the balance sheet date. Resources expended Expenditure is accountèd for on an accruals basls and has been classified under heading5 that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to attivities on a basis consistent with the use of resources. Tanglble flxed assets Depreciatlon is provided at the following annual rates in order to write off each asset over its estimated useful life. Clubhouse- straight line over 25 years from 2013. Chew Valley School Courts- stralght line over 10 years from 2020. Internet- straight line over 4 years from 2022. stocks Stocks are valued at the lower of cost and net reali5able value, after making allowance for obsolete and slow moving items. Taxation The charity Is exempt from tax on its charitable activities. Fund accountlng Unrestricted funds can be used in accordance with the charitable objective5 at the discTetion of the trustees. Designated funds - these funds are set aslde by the trustees out of unrestrirted fund5 for specific purposes. At the year-end they comprise a fund to allow for the cost of renewing court surfaces and floodlighting system. Restricted funds can only be used for partlcular restricted purposes within the objects of the charitv. Restrictions arise when specified by the donor or when funds are raised ft)r particular réstricted purposes. Page 6 continued...
Bisho Sutton Tennls Club Notes to the Financial Statements- continued for the Year Ended 31 December 2024 ACCOUNTING POLSCIES- contlnued Fund accounting Furiher explanation of the nature and purpose of each fund is included in the note5 to the financial statements. Going concern The Trusiees consider that there are no material unceTtaintles about Bishop Sutton TennSs Club's ability to continue as a going concern. TRUSTEES, REMUNERATION AND BENEFITS The trustees are not remunerated. They can elect to receive a discount on their annual membership equivalent to the cost of a single adult membership. IThreel trustees elected to receive the discount in 202412023- 3 trustees). Trustees. expenses There werè no trustee5' expenses paid for the year ended 31 December 2024 nor for the year ended 31 Decernber 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Designated funds Fund Restricted fund Total lunds INCOME AND ENDOWMENTS FROM Donations and legacies 60,324 60,324 EXPENDITURE ON Other Net sains/llossesl on investments 156,3121 3,433 110,7401 167,0521 3,433 NEf INCOMEIIEXPENDITUREI 7,445 110,7401 13,2951 Transfers between funds 121,7871 21,787 Net movement In funds 114,3421 11,047 13,2951 RECONCILIATION OF FUNDS Total funds brought forward 104,982 134,802 500 240,284 TOTAL FUNDS CARRIED FORWARD 90,640 145,849 500 236.989 Page 7 contSnued...
Bisho Sutton Tennls Club Notes to the Financial Statements- continued for the Year Ended 31 December 2024 TANGIBLE FIXED ASSETS Chew Vallev School Courts Clubhouse & Pavilion Internet Totals COST At l January 2024 Additions Grants 156,964 13,933 4,413 175,310 At 31 December 2024 156,964 13,933 4,413 175,310 DEPRECIATION At l January 2024 Charge for year 167,3631 16,8961 15.5731 11.3931 11,1031 11,1031 174,0391 19,3921 At 31 December 2024 174,2591 16,9671 12,2061 183.4321 NET BOOKVALUE At 31 December 2024 82,705 6,966 2,207 91.878 At 31 December 2023 89,601 8,360 3,310 101,270 Total cost of building the clubhouse, of which the final payments were made during 2013. was £153,104. The Trustees have decided to write off the cost of the Clubhouse over 25 years from 2013 on a straight-line basis. A refurbishment of the Pavilion occurred in 2023 and this asset is being depreclated over five years on a slralght-line basls. The Internet infrastructure is written off over four years on a stralght-line basis. The Trustees have decided to wrSte off the cost of the Chew Valley School Court assets over 10 years on a stralght-line basis. No value has been attributed in the Balance Sheet to the Club's land at Wrck Road. Bishop Sutton (purchased on 31 Dec 1952 for £3501 or the five Tenni5 Courts. Kids, Zone & floodlighting built on it. The Chew Valley Courts have been shown at cost less grant received in accordante with International Accounting Standard 20. PaEe 8 continued...
Bisho Sutton Tennls club Notes to the Financial Statements- continued for the Year Ended 31 December 2024 STOCKS 31.12.24 31.12.23 Fobs 840 840 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Other debtors 1,177 1,177 CURRENT ASSET INVESTMENTS Cost 2024 2023 1.494.64 COIF Charities Investment Fund - Income Units- market value 14,512 30.331 29,661 15,281.17 COIF Charities Investment Fixed Interest Fund- Income Units- market value 20.(KJO 19,266 18.692 34,512 49,597 48.353 Page 9 continued...
Bisho Sutton Tennis Club Note5 to the Financial Statements- continued for the Year Ended 31 December 2024 CREDITORS: AMOUNTS FALLING DUEWITHIN ONEYEAR 31.12.24 31.12.23 Other loans Isee note 101 Trade credltors Accrued expenses Deferred revenue 2,100 2,100 4,250 15,935 3.427 15,261 22,285 20,789 Includes a balance of £1,50012023.' £1,500) which represents the monies paid over by members to obtaln key fobs to galn entry to the Clubhouse. The deposit of £5 per fob is to be paid back upon the return of the fob. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.12.24 31.12.23 other loans (see note 101 9,950 12,050 The Lawn Tennis AssociatFon provided a loan of £21,000 in 2019 to help fund the Chew Valley Courts. This loan is repayable over 10 years. The LTA reserves the riEht to charge an interest rate of up to 1% over Coutts base rate but has reduced the rate to nil. subject to annual review. io. LOANS An analysis of the maturity of loans IS given below.. 31.12.24 31.12.23 Amounts fallin8 due withln one year on dem3nd- LTA Loan 2,100 2,100 Amounts falllng due between two and fwe years.. LTA Loan 9,950 12,050 Page 10 continued...
Bisho Sutton Tennls club Notes to the Financial Statements continued for the Year Ended 31 December 2024 ii. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.12.24 At 1.1.24 UnrestrScted funds General Accumulated Surplus Designated Fund 90,642 145,848 11,692 14,7401 121,7871 21,787 80,547 162,894 236,490 6,952 243,442 RestY5cted funds Childrens MembershSp and Coachlng Fund 5(K) 500 TOTAL FUNDS 236,990 6,952 243,942 Net movement in funds, Included in the above are as follows.. Incoming resources Resources expended Gains and osses Movement in funds Unrestrlcted funds General Accumulated Surplus Designated Fund 62,845 152,3951 14,7401 1,242 11,692 14.7401 157,1351 1,242 ,6,952 TOTAL FUNDS 157,1351 1,242 6,952 Page 11 continued...
Blsho Sutton Tennis Club Notes to the Financial Statements- contlnued for the Year Ended 31 December 2024 ii. MOVEMENTIN FUNDS-contlnued Comparatlves for movement in fund5 Net movement in funds Transfers between funds At 31.12.23 At 1.1.23 Unrestrlcted funds General Accumulated Surplus Designated Fund 104,983 134,801 7,446 110,7401 121,7871 21,787 90,642 145,848 239,784 13,2951 236,490 Restrlcted funds ChFldrens Membership and Coaching Fund 500 TOTAL FUNDS 240,284 13,2951 236,990 Comparative net movement in funds, included In the above are as follow5.. Incoming resoLirces Resourtes expended Gains and losses Movement in funds Unrestrided funds General Accumulated Surplus Designated Fund 60,324 156,3121 110,7401 3,433 7,445 110,7401 60,324 167,0521 3,433 13,2951 TOTAL FUNOS 60,324 167,0521 3,433 13,2951 Page 12 continued...
Bisho Sutton Tennis Club Notes to the Financial Statements- continued for the Year Ended 31 December 2024 ii. MOVEMENT SN FUNDS-contlnued A current year 12 months and prior year 12 months Combined posltion Ss as follows.. Net movement in funds Transfers between funds At 31.12.24 At 1.1.23 Unrestrictsd funds General Accumulated Surplus Designated Fund 104,893 134,801 19,138 115,8401 143,5731 43,573 80,547 162,894 239,784 3,658 243,442 Restrlcted funds Childrens Membershlp and Coaching Fund 500 500 TOTAL FUNDS 240,284 3,658 243,942 A current year 12 months and prlor year 12 months combined net movement in funds, included in the above are as follows- Incoming resources Resources expended Gains and Movement losses In funds Unrestricted funds General Accurnulated Surplus Designated Fund 123,169 1108,7061 115,4801 4,675 19,138 115,4801 123,169 1124,1861 4,675 3,658 TOTAL FUNDS 123,169 1124,1861 4,675 3,658 Transfèrs between funds A Designated Fund has been established for the c05t of renewing court surfaces & floodlighting systems based on the following estSmated lives.. Artificial Grass Court5- 11 years Tarmac Courts & Kids, Zone- 11 years Floodlighting- 15 years The curnulalive amount of the Fund and amounts set aside each year are based on an annual ieview of estimated future replacement costs. Page 13 continued...
Bisho Sutton Tennis Club Notes to the Financial Statèments- continued for the Year Ended 31 December 2024 12. RELATED PARTY DISCLOSURES There were no related party transactions for the yearended 31 December 2024. Page 14
Bisho Sutton TennSs Club Detailed Statemert of Financial Activities for the Year Ended 31 December 2024 31.12.24 31.12.23 INCOME AND ENDOWMENTS Donatlons and legacie5 Members, Subscriptions Visitor fees Coaching income Tournament Income Donations Fund raising Merchandising income Key sales Insurance clalm GiftAid Match fees Ball recycling income Deposit interest Dividends 47,123 1,555 8,483 144 453 752 180 15 45,669 740 7,605 144 455 560 2,418 23 791 540 1,136 2,213 273 1,899 62,845 60,324 Total Incomln£ resources 62,845 60,324 EXPENDITURE other Accounting software costs Business rates Clubhouse cleaning Clubhouse costs Coaching costs Courts maintenance Elertricity BSTC Electricity CVS Equipment costs Floodlight maintenan Groullds and car park Maintenance Internet charges Junior section expenses Keys and locks Carrled forward 165 251 1,273 2,658 4.125 5,396 6,447 917 2,217 154 257 830 521 4,232 3,273 11,283 I,ooi 425 12.748 605 17,230 605 loo 36,902 39,816 This page does not form part of the statutory financial statements Pa8e 15
Bisho Sutton Tennis Club Oetailed Staternent of Financial Activities for the Year Ended 31 December 2024 31.12.24 31.12.23 Other Brought forward Box league software League fees and court hlre LTA subs Merchandise costs Miscellaneous costs P05tage, printing and stationery Tennis balls Trophies Trustee benefits taken Venue illSLJrance Water Depreciation 36,902 29 260 1,260 39,816 460 1,215 2,274 514 26 786 584 450 1,468 97 8,620 592 1,315 514 450 1,633 137 9,392 52,395 56.312 Total resources expended 152,3951 156.3121 Net operating incomellexpenditurel before gains and losses 10,450 4,012 Reallsed Yecognised Eains and105ses ReBli5ed gainslllossesl on lixed asset investments 1,242 3,433 Net operating Incomellexpenditurel before slnklng fund expendlture 11,692 7,445 Slnklng fund expènditure Court 5, mini-zone and CVS courts Court 3 110,7401 14,7401 Net movement In unrestricted funds 6,952 13,2951 Note '. Annual sinking fund provision is É21,78712023- £21,787) This page does not form part of the statutory financial statements Page 16