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2024-09-30-accounts

Charity registration number 1144460 (England and Wales) Company registration number 02463826

WREXHAM TENNIS CENTRE LIMITED

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

WREXHAM TENNIS CENTRE LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees J S Ainge
M James
S J Dobson (Appointed 8 February 2024)
A Gough (Appointed 1 September 2024)
K McCall (Appointed 1 September 2024)
L Scott (Appointed 1 February 2025)
Mr M A Harris (Appointed 19 May 2025)
Charity number (England and 1144460
Wales)
Company number 02463826
Registered office Wrexham Tennis Centre
Plas Coch Road
Wrexham
LL11 2BW
Independent examiner Xeinadin North West Limited
St Andrews House
Yale Business Village
Ellice Way
Wrexham
LL13 7YL
Bankers Unity Trust Bank plc
4 Brindleyplace
Birmingham
B1 2HB
Solicitors Allington Hughes Law
10 Grosvenor Road
Wrexham
LL11 1SD

WREXHAM TENNIS CENTRE LIMITED

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 18

WREXHAM TENNIS CENTRE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024

The trustees present their annual report and financial statements for the year ended 30 September 2024.

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, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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)".

Objectives and activities

The charity’s objects are detailed in the governing document and in summary are:

The trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission.

Activities undertaken include:

Achievements and performance

Significant activities and achievements against objectives

The period October 2023 to September 2024 was affected by much uncertainty with regard to the start date for a major, multi-million pound redevelopment project. The closure necessitated the termination of commercial rental arrangements which ended the rental revenue stream from February 2024, and furthermore resulted in staff redundancies through July to September 2024 as operations were affected on a large scale.

Financial review

The accounts for the year ended 30 September 2024 show total income of £313,796 and costs of £348,029, resulting in a net deficit of £34,233.

Principal funding sources

Grant Funding

During the financial year the tennis centre received the following grants:-

WREXHAM TENNIS CENTRE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

Reserves policy

The trustees will consider the level of reserves that is prudent for Wrexham Tennis Centre Limited to have when agreeing the annual budget. Consideration will be given to future strategy, potential redundancy liabilities, and any other significant factors that should be taken into account. The specific reserves policy including any designation of reserves for specific purposes will be agreed by trustees on an annual basis. At the year end the charity held reserves of £284,927.

Plans for future periods

In the period since the year end, the redevelopment of the centre has been realised. This has made the venue more attractive to all users, and has introduced additional playing opportunities, with three brand new covered padel courts and two indoor pickleball courts. As a result of this new revenue stream, we have seen an excess of £80,000 of revenue in the first four months of 2025 alone.

Over the next year, the charity also plans to:

Structure, governance and management

Governing document

The charity is a company limited by guarantee by it's Memorandum and Articles of Association, which were adopted by the company on 29th March 2011 and lodged with Companies House on 15th April 2011. It was registered as a charity with the Charity Commission on 27th October 2011, under charity number 1144460.

In the event of the company being wound up, members are required to contribute an amount not exceeding £10.

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:

J A Webb (Resigned 26 July 2024) J S Ainge S Morris (Resigned 31 August 2024) M James S J Dobson (Appointed 8 February 2024) Mr R Bruce (Appointed 26 July 2024 and resigned 25 October 2024) A Gough (Appointed 1 September 2024) K McCall (Appointed 1 September 2024) L Scott (Appointed 1 February 2025) Mr M A Harris (Appointed 19 May 2025)

Recruitment and appointment of trustees

Trustees are appointed based on their expertise and knowledge.

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 are volunteers with oversight for strategy, governance, finance and regulation. The board sits bimonthly to review these four points together, along with the centre’s operational performance. There is a staff body in place to implement strategic decisions and to oversee the running of the centre, led by an Operations Manager.

WREXHAM TENNIS CENTRE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

Induction and training of trustees

For new trustees they will be inducted and trained including the following:

Remuneration policy

Key management remuneration is agreed by the board of trustees.

The trustees' report was approved by the Board of Trustees.

A Gough Trustee

25 June 2025

WREXHAM TENNIS CENTRE LIMITED

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WREXHAM TENNIS CENTRE LIMITED

I report to the trustees on my examination of the financial statements of Wrexham Tennis Centre Limited (the charity) for the year ended 30 September 2024.

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, I 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 I 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. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Xeinadin North West Limited

Timothy Mitchell BSc FCA St Andrews House Yale Business Village Ellice Way Wrexham LL13 7YL 25 June 2025

WREXHAM TENNIS CENTRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Unrestricted Unrestricted
funds funds
2024 2023
Notes £ £
Income and endowments from:
Donations and legacies 2 8,000 7,000
Charitable activities 3 295,437 290,747
Investments 4 221 -
Other income 5 10,138 20,736
Total income 313,796 318,483
Expenditure on:
Charitable activities 6 348,029 351,839
Total expenditure 348,029 351,839
Net expenditure and movement in funds (34,233) (33,356)
Reconciliation of funds:
Fund balances at 1 October 2023 319,160 352,516
Fund balances at 30 September 2024 284,927 319,160

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

WREXHAM TENNIS CENTRE LIMITED

BALANCE SHEET

AS AT 30 SEPTEMBER 2024

2024
Notes
£
£
Fixed assets
Tangible assets
11
799,118
Investments
12
2
799,120
Current assets
Debtors
13
123,521
Cash at bank and in hand
1,423,942
1,547,463
Creditors: amounts falling due within
one year
14
(2,061,656)
Net current (liabilities)/assets
(514,193)
Total assets less current liabilities
284,927
The funds of the charity
Unrestricted funds
18
284,927
284,927		 2023
£
£
307,264
2
307,266
102,527
2,733
105,260
(93,366)
11,894
319,160
319,160
319,160		 2023
£
£
307,264
2
307,266
102,527
2,733
105,260
(93,366)
11,894
319,160
319,160
319,160
307,266
11,894
319,160
319,160
319,160

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2024.

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 25 June 2025

A Gough Trustee

Company registration number 02463826 (England and Wales)

WREXHAM TENNIS CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

1 Accounting policies

Charity information

Wrexham Tennis Centre Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Wrexham Tennis Centre, Plas Coch Road, Wrexham, LL11 2BW.

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" 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)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The charitable company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the charitable company as an individual entity and not about its group.

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.

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

WREXHAM TENNIS CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

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:

Leasehold land and buildings 4% on cost
Plant and equipment 25% on cost
Fixtures and fittings 25% on cost
Computers 25% on cost
Assets under construction 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.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 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.

WREXHAM TENNIS CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. 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 unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Grants 8,000 7,000

WREXHAM TENNIS CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

3 Income from charitable activities

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Sales with charitable activities
Tennis activities 295,437 290,747
4 Income from investments
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable 221 -
5 Other income
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Rental income 10,138 20,736

WREXHAM TENNIS CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

6 Expenditure on charitable activities

Tennis Tennis
activities activities
2024 2023
£ £
Direct costs
Staff costs 54,432 25,596
Subcontractors 89,408 83,324
Equipment and running costs 10,813 15,620
154,653 124,540
Share of support and governance costs (see note 7)
Support 174,860 210,539
Governance 18,516 16,760
348,029 351,839
Analysis by fund
Unrestricted funds 348,029 351,839
7 Support costs allocated to activities
Tennis
activities
2024
£
Basis of allocation
Staff costs
Support costs
65,462
Depreciation
Support costs
26,358
Premises costs
Support costs
63,823
Office administration costs
Support costs
11,213
Travel
-
Computer expenses
Support costs
954
Bank charges and interest
Support costs
6,850
Training
Support costs
200
Governance
18,516
193,376		 Total
2023
£
90,226
25,947
72,752
10,311
1,209
1,104
8,750
240
16,760
227,299

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

WREXHAM TENNIS CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

9 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
11 13
Employment costs 2024 2023
£ £
Wages and salaries 115,634 111,404
Social security costs 2,514 1,995
Other pension costs 1,746 2,423
119,894 115,822

Redundancy and termination payments totalling £11,076 were made in the reporting period.

The key management personnel for the charity comprises of the trustees and general managers. Total salaries including employee benefits of the key management personnel were £60,121 (2023: £39,067).

Wages are recharged to subsidiaries for related work undertaken.

There were no employees whose annual remuneration was more than £60,000.

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

WREXHAM TENNIS CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

11
Tangible fixed assets
Cost
At 1 October 2023
Additions
Disposals
At 30 September 2024
Depreciation and
impairment
At 1 October 2023
Depreciation charged in the
year
Eliminated in respect of
disposals
At 30 September 2024
Carrying amount
At 30 September 2024
At 30 September 2023		 Leasehold
land and
buildings
Assets under
construction
£
£
576,392
66,760
-
517,516
-
-
576,392
584,276
345,835
-
23,056
-
-
-
368,891
-
207,501
584,276
230,557
66,760		 Plant and
equipment
Fixtures and
fittings
£
£
7,815
14,120
-
-
-
(3,034)
7,815
11,086
7,815
5,120
-
2,721
-
(3,034)
7,815
4,807
-
6,279
-
9,000		 Computers
£
3,497
696
(1,901)
2,292
2,550
581
(1,901)
1,230
1,062
947		 Total
£
668,584
518,212
(4,935)
1,181,861
361,320
26,358
(4,935)
382,743
799,118
307,264

12 Fixed asset investments

Other
investments
£
Cost or valuation
At 1 October 2023 & 30 September 2024 2
Carrying amount
At 30 September 2024 2
At 30 September 2023 2
2024 2023
Other investments comprise: Notes £ £
Investments in subsidiaries 21 2 2

WREXHAM TENNIS CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

13 Debtors

Amounts falling due within one year:
Trade debtors
Amounts owed by fellow group undertakings
Other debtors
Prepayments and accrued income		 2024
£
542
113,551
3,853
5,575
123,521		 2023
£
191
83,270
12,405
6,661
102,527

14 Creditors: amounts falling due within one year

Notes
Borrowings
Other taxation and social security
Deferred income
15
Trade creditors
Other creditors
Accruals
Deferred income
Arising from Grants received and management
fees		 2024
£
-
898
1,821,862
29,883
336
208,677
2,061,656
2024
£
1,821,862		 2023
£
1,667
1,045
66,802
10,780
784
12,288
93,366
2023
£
66,802

15 Deferred income

Deferred income relates to site management fees and restricted grants received for the redevelopment cost of the tennis centre. The costs are currently included as an asset under construction.

Deferred income is included in the financial statements as follows:

Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 October 2023
Resources deferred in the year
Deferred income at 30 September 2024		 2024
£
1,821,862
66,802
1,755,060
1,821,862		 2023
£
66,802
5,500
61,302
66,802

WREXHAM TENNIS CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

16 Retirement benefit schemes
2024 2023
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 1,746 2,423

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.

17 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

The charity has received restricted grants to cover the redevelopment costs of the tennis centre. This grant receipt is currently included within deferred income and the proportion spent is included within assets under construction. The overall net asset figure included within restricted funds at the year end is £nil.

18 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, where applicable, which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
General funds
Previous year:
At 1
General funds		 October
2023
Incoming
resources
Resources
expended
At 30
September
2024
£
£
£
£
319,160
313,796
(348,029)
284,927
October
2022
Incoming
resources
Resources
expended
At 30
September
2023
£
£
£
£
352,516
318,483
(351,839)
319,160

WREXHAM TENNIS CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

19 Analysis of net assets between funds

Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 30 September 2024:
Tangible assets 214,842 584,276 799,118
Investments 2 - 2
Current assets/(liabilities) 70,083 (584,276) (514,193)
284,927 - 284,927
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 30 September 2023:
Tangible assets 240,504 66,760 307,264
Investments 2 - 2
Current assets/(liabilities) 78,654 (66,760) 11,894
319,160 - 319,160

WREXHAM TENNIS CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

20 Related party transactions

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

Sale of goods Purchase of goods
2024 2023 2024 2023
£ £ £ £
Entities over which the entity has control, joint
control or significant influence - - 1,592 11,490
- - 1,592 11,490
Provision of funds Recharge of costs
2024 2023 2024 2023
£ £ £ £
Entities over which the entity has control, joint
control or significant influence 19,700 62,800 48,603 65,334
19,700 62,800 48,603 65,334
Amounts
Amounts owed
owed by by related
related parties parties
2024 2023
Balance Balance
£ £
Entities over which the entity has control, joint control or significant influence 113,551 83,270
113,551 83,270

During the year a trustee was paid by the charity for services provided. Total amount paid during the year was £11,115. At the year end the the charity owed £584.

WREXHAM TENNIS CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

21 Subsidiaries

Details of the charity's subsidiaries at 30 September 2024 are as follows:

Name of undertaking Registered Nature of business Class of % Held
office shares held Direct Indirect
Wrexham Tennis Centre Plas Coch Road
Production of electricity		 Ordinary 100.00
Energy Limited Wrexham LL11
2BW
Wrexham Tennis Centre Plas Coch Road Retail at Tennis Centre Ordinary 100.00
Retail Limited Wrexham LL11
2BW