**REGISTERED CHARITY NUMBER: 1117605**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023**
**FOR**
**THE RADLETT LAWN TENNIS AND SQUASH CLUB**
Daniel Wolfson & Co Ltd Dns House 382 Kenton Road Harrow HA3 8DP
Greater London
**THE RADLETT LAWN TENNIS AND SQUASH CLUB**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Statement of Financial Position**||7||
|**Notes to the Financial Statements**|8|to|15|
|**Detailed Statement of Financial Activities**|16|to|17|
**THE RADLETT LAWN TENNIS AND SQUASH CLUB**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023**
The trustees present their report with the financial statements of the charity for the year ended 31st December 2023. The trustees have adopted the provisions of 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 Club are to promote the amateur sports of tennis and squash in Radlett and the surrounding area and community participation therein by the provision of facilities for both of these sports.
Page 1
**THE RADLETT LAWN TENNIS AND SQUASH CLUB**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **ACHIEVEMENT AND PERFORMANCE**
RLTSC has sustained our membership numbers enabling the club being in a strong financial position, thereby allowing the club to invest in a number of upgrades to our playing facilities, ensuring the long-term health of the club and providing opportunities for local people to play tennis and squash.
Adult playing members aged over 30 provide the bulk of the membership fees. At the end of December 2023, we had 455 members in this category, marginally higher than at December 2022, with tennis at 301 and squash at an all-time high of 154. ‘Junior’ membership, at 374 members, is marginally lower to last year. Overall, including community members, RLTSC had 1,029 members at December 2023.
Accordingly, members subscription income was marginally ahead of last year. In addition, the club derives additional income from both entrance and court fees as well as camps and tennis schools run by our Head Coaches. There were no capex projects in 2023 after the significant investment in 2021-22 in LED lights for Courts 1-6 and fencing around our main tennis courts. In 2024, we plan to convert Courts 7-9 to synthetic turf and then replace the synthetic surface on Courts 1-6 in 2025 and 2026 respectively.
The Trustees continue to consider the club’s strategy for a scale investment in its tennis & squash core areas. We are currently considering investment in a covered padel facility, subject to planning approval, which would also require approval by the membership at an EGM.
On an ongoing basis the club offers juniors and adults term-time and holiday courses, social tennis, competitive tennis and squash sessions and endeavours to ensure that all local children and adults can participate in some way, regardless of ability and/or means. The club continues its 'pay & play' scheme through the ‘community membership scheme’ – currently 130 members - providing five of its tennis courts to community members on a pay and play basis plus off-peak squash courts at low affordable rates (to cover heating and lighting). The club also supports local schools’ initiatives and is represented at school fairs and other community events. A junior social is held between March and September on Friday evenings to which all juniors are invited. Adult tennis programmes include club socials on Wednesday evenings, Saturday afternoons and Sunday mornings, a play and coffee morning on Thursdays, Rusty Racquets on Monday and Tuesday evenings, and Cardio tennis, all of which are well supported.
The focus of our Joint Head Tennis Coaches, Laura Collins and Chris Martin, is to ensure that the coaching team delivers a programme of activities to support the membership of the club and the broader community. RLTSC has tennis teams in a number of district and county leagues and well attended playing socials from beginners to advanced. Lee Rossiter, the Head Squash Coach, manages a thriving squash and racquetball participation consolidating increases in membership largely driven by the closure of some neighbouring clubs. Utilisation of squash of courts has increased to close to full capacity. Social squash on Monday and Friday evenings continues to be popular and the club has historically run both winter and summer squash teams in the Herts League and a Vintage team in the Middlesex league. We offer a strong junior section with sessions on a Saturday and Sunday. The coaches and the committee have been developing initiatives to bring tennis and squash at the club closer together and will continue to do so.
The trustees continue to respect at all times the need to incorporate the public benefit in their running of the club. The club strives to offer the best possible playing facilities to the broadest number of people, through such measures as mentioned above e.g. community members, and by building up a bursary fund to support our charitable activities. We have renewed our programme e.g. a programme with Herts County Council Adult Social Care and offering camps and training events to school children throughout the year. We have held several charity-raising events during the year. We recycle all our old tennis balls through Recycaball, and donate all proceeds of this initiative to the Recycaball chosen charities. We continue to provide in-house coach led events, free to members and also open to non-members.
RLTSC constantly strives to attract new members, as this is recognised to be the best way of keeping subscription levels affordable for the maximum number of people and the trustees believe that a constant healthy membership income will
Page 2
**THE RADLETT LAWN TENNIS AND SQUASH CLUB**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023**
enable the club to offer its facilities to the greatest number of people, such as those now taking part in disabled tennis, and those who take advantage of the community membership scheme.
The club continues to be generously supported by John Apthorp and his charity.
A number of new and existing members have become engaged in the running of the club to ensure that it can operate efficiently and within its means. With the increased membership, I would encourage any members, who feel they are able, to step forward to help operate the club.
## **FINANCIAL REVIEW**
The trustees are satisfied with the club's financial performance this year, judge the club to be in a stable financial position and are confident that existing reserves are adequate to meet operational needs. Continued careful cost management is paramount and the club continues to regularly assess its ongoing operational and known capital expenditure requirements.
The accounts show a net profit of £118,144 before depreciation and a post-depreciation profit of £60,121 These profits are used to build up a sinking fund to renovate the courts and other facilities, when required, and for improvements to the club's infrastructure and potentially new playing possibilities. The club had a healthy cash balance of £500,825 at 31 December, 2023 which will be used in part to fund the recently approved resurfacing of Courts 1-9 over 2024-26 and a fixed asset base of £354,968, net of depreciation.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Club is an unincorporated association, constituted under a deed dated 19 March, 2006. The Club obtained its charitable status from the Charity Commission for England and Wales on 17 January, 2007. Prior to that date, the Club was an unincorporated association registered as a Community Amateur Sports Club.
The constitution provides that a General Committee will manage the club and that the members of this committee will be trustees of the charity. The General Committee shall comprise not more than 13 committee members who will be elected individually by the Members of the Club at the Annual General Meeting.
Trustees are required to retire annually and are entitled to offer themselves for re-election at the Annual General Meeting. Any Member of the Club is entitled to stand for election to the General Committee at the Annual General Meeting provided he has two sponsoring Members of the Club.
The General Committee will normally meet at least four times a year to review the management of the Club. All of the trustees and committee members are unpaid volunteers.
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1117605
## **Principal address**
425 Watling Street Radlett Hertfordshire WD7 7JG
Page 3
**THE RADLETT LAWN TENNIS AND SQUASH CLUB**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **Trustees**
Mr K Costi - Honorary Chairman Mr A Gamsa - Honorary Secretary Mr D Gilbert - Honorary Treasurer Ms A Argyle - Honorary Tennis Chairman Mr M Roycroft – Honorary Squash Chairman Mrs M Flower-Ellis - Honorary Membership Secretary
## **Independent Examiner**
Sumit Agarwal Daniel Wolfson & Co Ltd Dns House 382 Kenton Road Harrow Greater London HA3 8DP
## **Bankers**
Barclays Bank Baker Street PO Box 45D 93 Baker Street London W1A 4SD
## **President**
Ms J Underwood
## **Club Administrator**
Ms J Taylor Ms N Eldred
Approved by order of the board of trustees on …………….. and signed on its behalf by:
Mr K Costi - Trustee
Page 4
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE RADLETT LAWN TENNIS AND SQUASH CLUB**
## **Independent examiner's report to the trustees of The Radlett Lawn Tennis and Squash Club**
I report to the charity trustees on my examination of the accounts of The Radlett Lawn Tennis and Squash Club (the Trust) for the year ended 31st December 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect 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 Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Chartered Institute of Management Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material 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 Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any 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.
Sumit Agarwal
Daniel Wolfson & Co Ltd Dns House 382 Kenton Road Harrow Greater London HA3 8DP
…………………
Page 5
**THE RADLETT LAWN TENNIS AND SQUASH CLUB**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**24,243**
**Charitable activities**
5
Coaching
**140,030**
Entrance, visitor and court fees
**27,106**
Tournaments and leagues
**11,279**
Subscriptions
**200,848**
Other trading activities
3
**28,403**
Investment income
4
**20,917**
**Total**
**452,826**
**EXPENDITURE ON**
**Charitable activities**
6
Coaching
**117,914**
Tournaments and leagues
**10,671**
Charity administration and overheads
**221,679**
Affiliation and registration
**2,008**
Governance costs
**2,647**
Other resources expended
**37,786**
**Total**
**392,705**
**NET INCOME**
**60,121**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**760,847**
**TOTAL FUNDS CARRIED FORWARD**
**820,968**|Restricted
fund
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**2023**
**Total**
**funds**
**£**
**24,243**
**140,030**
**27,106**
**11,279**
**200,848**
**28,403**
**20,917**
**452,826**
**117,914**
**10,671**
**221,679**
**2,008**
**2,647**
**37,786**
**392,705**
**60,121**
**760,847**
**820,968**|2022
Total
funds
£
11,717
150,973
28,276
8,105
191,339
32,306
13,610
436,326
117,301
6,553
218,745
2,879
2,593
36,356
384,427
51,899
708,948
760,847|
|---|---|---|---|
The notes form part of these financial statements
Page 6
## **THE RADLETT LAWN TENNIS AND SQUASH CLUB**
## **STATEMENT OF FINANCIAL POSITION**
## **31ST DECEMBER 2023**
|Notes
**FIXED ASSETS**
Tangible assets
10
**CURRENT ASSETS**
Stocks
11
Debtors
12
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
13
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
14
Unrestricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
**354,968**
**6,123**
**9,883**
**500,825**
**516,831**
**(50,831)**
**466,000**
**820,968**
**820,968**|Restricted
fund
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**2023**
**Total**
**funds**
**£**
**354,968**
**6,123**
**9,883**
**500,825**
**516,831**
**(50,831)**
**466,000**
**820,968**
**820,968**
**820,968**
**820,968**|2022
Total
funds
£
**412,129**
**5,048**
**11,702**
**411,952**
**428,702**
**(79,984)**
**348,718**
**760,847**
**760,847**
**760,847**
**760,847**|
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ………………. and were signed on its behalf by:
Mr K Costi - Trustee
The notes form part of these financial statements
Page 7
**THE RADLETT LAWN TENNIS AND SQUASH CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **1. ACCOUNTING POLICIES**
## **BASIS OF PREPARING THE FINANCIAL STATEMENTS**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **INCOME**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **EXPENDITURE**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **TANGIBLE FIXED ASSETS**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Clubhouse and grounds|-|5% on cost|
|---|---|---|
|Tennis and squash court surfaces|-|10% on cost|
|Furniture and equipment|-|20% on cost|
|Clubhouse improvements|-|10% on cost|
## **STOCKS**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **TAXATION**
The charity is exempt from tax on its charitable activities.
## **FUND ACCOUNTING**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 8
**THE RADLETT LAWN TENNIS AND SQUASH CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023**
|**2.**
**DONATIONS AND LEGACIES**
Gifts, donations and grants
**3.**
**OTHER TRADING ACTIVITIES**
Bar takings
Social functions
**4.**
**INVESTMENT INCOME**
Bank interest
Rent receivable
**5.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Coaching
Coaching
Entrance, visitor and court fees Entrance, visitor and court fees
Tournaments and leagues
Tournaments and leagues
Member subscriptions
Subscriptions|**2023**
**£**
**24,243**
**24,243**
**2023**
**£**
**27,008**
**1,395**
**28,403**
**2023**
**£**
**10,555**
**10,362**
**20,917**
**2023**
**£**
**140,030**
**27,106**
**11,279**
**200,848**
**379,264**|2022
£
11,717
**11,717**
2022
£
29,626
2,680
**32,306**
2022
£
2,708
10,902
**13,610**
2022
£
150,973
28,276
8,105
191,339
**378,693**|2022
£
11,717
**11,717**
2022
£
29,626
2,680
**32,306**
2022
£
2,708
10,902
**13,610**|
|---|---|---|---|
continued...
Page 9
**THE RADLETT LAWN TENNIS AND SQUASH CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **6. CHARITABLE ACTIVITIES COSTS**
|Coaching
Tournaments and leagues
Charity administration and overheads
Affiliation and registration
Governance costs
Other resources expended
**7.**
**SUPPORT COSTS**
Charity administration and overheads
Governance costs
Support costs, included in the above, are as follows:
**OTHER**
Wages and salaries
Rates, insurance and utilities
Upkeep and maintenance
Depreciation of tangible fixed assets
Office and club administration|Support
Direct
costs (see
Costs
note 7)
£
£
**117,914**
**-**
**10,671**
**-**
**-**
**221,679**
**2,008**
**-**
**-**
**2,647**
**37,786**
**-**
**168,379**
**224,326**
Governance
Other
costs
£
£
**221,679**
**-**
**-**
**2,647**
**221,679**
**2,647**
**2023**
Charity
administration
and
overheads
**£**
**38,014**
**29,795**
**74,778**
**58,023**
**21,069**
**221,679**|Totals
£
**117,914**
**10,671**
**221,679**
**2,008**
**2,647**
**37,786**
**392,705**
Totals
£
**221,679**
**2,647**
**224,326**
2022
Total
activities
£
34,931
25,740
70,360
66,802
20,912
**218,745**|
|---|---|---|
continued...
Page 10
**THE RADLETT LAWN TENNIS AND SQUASH CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **7. SUPPORT COSTS - continued GOVERNANCE COSTS**
|**SUPPORT COSTS - continued**
**GOVERNANCE COSTS**|||
|---|---|---|
||**2023**|2022|
||Governance|Total|
||costs|activities|
||**£**|£|
|Examiner's fees|**2,257**|2,233|
|Professional fees|**390**|360|
||**2,647**|**2,593**|
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
No trustees received remuneration or benefits during the year.
## **TRUSTEES' EXPENSES**
Trustees' expenses have been reimbursed where small in nature, supported by vouchers and wholly and exclusively for the benefit of the charity.
## **9. STAFF COSTS**
|Bar Staff
Office Admin
Apprentice- coaching|**2023**
**5,223**
**37,088**
**19,698**
**62,009**|**2022**
4,931
34,931
13,010|
|---|---|---|
|||**52,872**|
The average monthly number of employees during the year was as follows:
|Bar staff
Management and administration
Apprentice- coaching|**2023**
**1**
**2**
**1**
**4**|2022
1
2
2
5|
|---|---|---|
No employees received emoluments in excess of £60,000.
continued...
Page 11
## **THE RADLETT LAWN TENNIS AND SQUASH CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **10. TANGIBLE FIXED ASSETS**
|**10.**
**TANGIBLE FIXED ASSETS**|||||||
|---|---|---|---|---|---|---|
|Tennis
and
Clubhouse
squash
and
court
grounds
surfaces
£
£
**COST**
At 1st January 2023
**335,175**
**430,677**
Additions
**-**
**-**
At 31st December 2023
**335,175**
**430,677**
**DEPRECIATION**
At 1st January 2023
**147,410**
**229,033**
Charge for year
**16,759**
**36,550**
At 31st December 2023
**164,168**
**265,583**
**NET BOOK VALUE**
At 31st December 2023
**171,007**
**165,094**
At 31st December 2022
**187,765**
**201,644**
**11.**
**STOCKS**
Stocks
**12.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Prepayments and accrued income|Clubhouse
and
grounds
£
**335,175**
**-**
**335,175**
**147,410**
**16,759**|Tennis
and
squash
court
surfaces
£
**430,677**
**-**
**430,677**
**229,033**
**36,550**|Furniture
and
Clubhouse
equipment
improvements
Totals
£
£
£
**30,493**
**304,853**
**1,101,198**
**861**
**-**
**861**
**31,354**
**304,853**
**1,102,059**
**28,499**
**284,127**
**689,069**
**758**
**3,956**
**58,023**
**29,256**
**288,083**
**747,092**
**2,097**
**16,770**
**354,968**
**1,994**
**20,726**
**412,129**
**2023**
2022
**£**
£
**6,123**
5,048
**2023**
2022
**£**
£
**167**
346
**9,716**
11,356
**9,883**
**11,702**||||
||**164,168**
**171,007**|**265,583**
**165,094**|**29,256**
**2,097**|**288,083**
**16,770**|||
||||||||
||||**1,994**||**20,726**
**2023**
**£**
**6,123**
**2023**
**£**
**167**
**9,716**
**9,883**||
||||||||
||||||||
continued...
Page 12
**THE RADLETT LAWN TENNIS AND SQUASH CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other creditors
Accruals
Deferred income|**2023**
**£**
**11,615**
**6,510**
**32,706**
**50,831**|2022
£
6,831
15,500
57,653|
|---|---|---|
|||**79,984**|
## **14. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**||||
|---|---|---|---|
|**Unrestricted funds**
General reserve
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General reserve
**TOTAL FUNDS**
**Comparatives for movement in funds**|At 1.1.23
£
**760,847**
**760,847**
Incoming
resources
£
**452,826**
**452,826**|Net
movement
At
in funds
31.12.23
£
£
**60,121**
**820,968**
**60,121**
**820,968**
Resources
Movemen
expended
in funds
£
£
**(392,705)**
**60,121**
**(392,705)**
**60,121**|At
31.12.23
£
**820,968**|
||||**820,968**|
||||**60,121**|
|||||
|**Unrestricted funds**
General reserve
**TOTAL FUNDS**|At 1.1.22
£
708,948
708,948|Net
movement
in funds
£
51,899
51,899|At
31.12.22
£
760,847|
|---|---|---|---|
||||760,847|
continued...
Page 13
**THE RADLETT LAWN TENNIS AND SQUASH CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022**
## **14. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General reserve
**TOTAL FUNDS**|Incoming
resources
£
436,326
436,326|Resources
Movement
expended
in funds
£
£
(384,427)
51,899
(384,427)
51,899|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General reserve
**TOTAL FUNDS**|At 1.1.22
£
708,948
708,948|Net
movement
in funds
£
112,020
112,020|At
31.12.23
£
820,968
820,968|
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General reserve
**TOTAL FUNDS**|Incoming
resources
£
889,150
844,518|Resources
Movement
expended
in funds
£
£
(777,130)
112,020
(689,494)
112,020|
|---|---|---|
continued...
Page 14
**THE RADLETT LAWN TENNIS AND SQUASH CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **15. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31st December 2023.
Page 15
**THE RADLETT LAWN TENNIS AND SQUASH CLUB**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gifts, donations and grants
**Other trading activities**
Bar takings
Social functions
**Investment income**
Bank interest
Rent receivable
**Charitable activities**
Coaching
Entrance, visitor and court fees
Tournaments and leagues
Member subscriptions
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Coaching
Tournament and leagues
Affiliations and registration
Other resources expended|2023
£
**24,243**
**24,243**
**27,008**
**1,395**
**28,403**
**10,555**
**10,362**
**20,917**
**140,030**
**27,106**
**11,279**
**200,849**
**379,264**
**452,826**
**117,914**
**10,671**
**2,008**
**37,786**
**168,379**|2022
£
11,717|
|---|---|---|
|||**11,717**
29,626
2,680|
|||**32,306**
2,708
10,902|
|||**13,610**
150,973
28,276
8,105
191,339|
|||**378,693**|
|||**436,326**
117,301
6,553
2,879
36,356|
|||**163,089**|
This page does not form part of the statutory financial statements
Page 16
**THE RADLETT LAWN TENNIS AND SQUASH CLUB**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023**
|**Management**
**Other**
Wages and salaries
Rates, insurance and utilities
Upkeep and maintenance
Depreciation of tangible fixed assets
Office and club administration
**Governance costs**
Examiner's fees
Professional fees
Total resources expended
**Net income**|2023
£
**38,014**
**29,795**
**74,778**
**58,023**
**21,069**
**221,679**
**2,257**
**390**
**2,647**
**392,705**
**60,121**|2022
£
34,931
25,740
70,360
66,802
20,912|
|---|---|---|
|||**218,745**
2,233
360|
|||**2,593**|
|||**384,427**|
|||**51,899**|
This page does not form part of the statutory financial statements
Page 17