The Dedanists, Foundation Report and Fin(mcial Statements Year ended 31 July 2021 Charity number - 1145526 Company number - 7715011 'AaZM46(y•4 17103r2022 )MPANIES HOUSE A14 #265 The Dedanists, Foundation Report and Accounts - year ended 31 Juty 2021 Reference and admlnlstrathie InforniatioTr Trustets and Dlrertors The following Tru5tee5 and Directors have served during the year: David Mills. Chairman John Farrall Roger Pilgrim (resigned 30 Septernber 2020) Julian Wilkinson, Secretary Simon Roundell simon Mansfield Franci5 Moore Daniel Jone5 Graham Defries Prlnclpal Offlce Queen's Club Palliser Road London W14 9EQ Charlty Number 1145526 Company Number 7715011 Independefit atcountln8 emamlners 58M Associates tirnited, 24 Wandsworth Road. London, SW8 2JW Honorary Solldtor Graham Defries Bankers CAF Bank Ltd. 25 Kings Hill Avenue. ￿n85 Hill. West Mallin& Kent, ME19 4JQ Webs•te WWV4 dedanistsfoundation.o Emall info@dedanistsfoundation.org The Dedanists, Foundation Report and Accounts - year ended 31 July 2021 Report of the Dlr¢¢tors for the year ended 31 July 2021 The Directors present their annual report and financial ststements of the Fo¥Jndation forthe year ended 31 July 2021 The financial statements comply with the Charities Act 2011. the Companies Act 2006. the Memorandum and Articles of ASS￿lation, and Accounting and Reporting by tharities: Statement of RecoMff￿nded Practice applicable to charities preparing their accounts in aC￿rdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffettive l January 20191. Structure. governance and management The De&nists' Foundation Ithe"Foundation°) wa5 formed on 22 July 2011 as a private Company limited by guarantee (company number 77150111 and registered as a charity (charity number 11455261. It is govemed by its Memorandum and Articles of Association (revised during the yearl. company and Charity law. It seeks to undertake its chosen diaritable work through the deployment of its existing funds (both i￿Orne and capital). It has eight directors12020- eight). who act as trustees of the Foundation. The existing director5 will appoint new directors where necessary to complement the skills available to the board. The Memorandum and Articles of Association require a minimum of two directors12020-threel, with no maximum number. As required by the Memorandum and Articles of Association. one third of the directors must reti￿ by rotation at each ènnual general meeting. Daniel Jones and Graham Defries will retire at the annual general rneeting of the Foundation held to consider these accounts and. being eligible, offer thernselves for re-election. New directors areprovided with information on their respon&biltties as directors and trustees and are briefed on the a￿a$ of activity of the Foundation. Directors. meetings are held to discuss strate8y. pDli¢y and majorgrants. Day-ttrday administration, such as reviewing grant applications, monitoring grant reapients. bookkeepin& finance and general administration is handled by the Chairn7an and the respjnsible Directors. All the Directors give their time and no remuneration was paid in the year. Pknne of the Directors has claimed any expenses nor are there any related party transactions. ex￿pt as noted in these account& Risk management The Directors have considered the major risks to whith the Foundation is exposed and have dixussed how to manage those risks. They consider the prinupal risks to be as follows". The prime risk to the Foundation is that funds raised fail to meet spending objectNes. This risk is mitigated as the Directors will only approve grants to the extent that they are confident that they will have the funds to make payrnents over the agreed grant period and the expectation that new donors will be found as the grdnt recipients continue to deliver dear evidence of success. The Dedanists, Foundation Report and Accounts - year ended 31 Juty 2021 A further risk to the work of the Foundation is that money is granted for activities 4•thich are unsuccessful in a¢hievin8 the Foundation's goals. The Dirertors have considered this risk and concluded that it is an important aspect of the Foundation's work that it should make grants to untried and untested charitable actiwties whith use innovative aPpr¢￿ches. This risk Is mttigated by a twovstsge review process. Before the grant is made the proposal is reviewed thoroughly by the Foundation and clear objectives established. Once the grant is made. close contart is maintained with the re¢ipÉent to ensure objectives are being rnet. Written reports are provided to the Dirertors at both stages and, where needed, adjustments made to the programme. Objectives and artivities for the public benefft The object of the Foundation is the prorTh)tion of community participation in prticular by the provision of facilities for the playing of real tennis and other inlknr racquet based sports. In determining how to athieve this objective, the Dirertors have complied with their obligation to have proper regard to the guidan￿ on public benefrt published by the Charities Commission in exerasin8 their powers orfulfilling their duties. Grant making polky The Foundation's objective is to persuade young people from all backgrounds to try real tenni5 and become gular players. The Foundation seeks to achieve this objertNe primarily by workin8 With and through real tennis clubs that have their own court and the ¢apa¢ity to reach out to young people and schools in their local community. Most grants to clubs are made to help for the dirett costs of recruitin8 and coaching juniors. In exceptional circurnstsnces and where the￿ is a benefit to junior tennis, the Foundation also awards grants to improve the general viability of individual dubs and to increase the number and quality of club professional5. Achievements and PerfOrn￿nee The Covid pandemic and asxKiated lockdowns fEpresent the exceptional. Adults Could not meet to plan or play. S¢hools were ¢losea. Junlors could onty play in the most restricted circumstances and not at all from mid-December 2020 to March 2021. Our programmes for working through clubs to recruit and coach juniors were in suspended anirnation. We there*ore saved funds by holdin8 back on ?wardin8 and paying grants to clubs until they COLtld implernent. We utilised these funds to make awards to prograrnrnes that increased the quantity and quality of real tennis professionals who are a key part of the Infrastructu￿ of the game and key to the recruitment and coathing of juniors. Last year we awarded £4,(￿￿ to help the T&RA launch its new apprentI￿ShIp programme to recruit and train the next generation of real tennis professionals. The programme is called IIP-'Irivesting in Profe5sionals'. We are particularly ￿eaSed that one of the first apprenti￿$ to be selected is a product of our grant scheme to encourage clubs to recruit juniors from state schools. Alex Machin. a pupil at Ed8barrt>w School, was re¢ruited some three years a80 by Dan Jones to take advantage of a Foundation grant and start playing at Wellington. Alex has now just taken up the role of IIP real tennis apprentice at the Wellington Club. The t)edanists' Foundation Report and Accounts - year ended 31 July 2021 In addition. we donated £3.￿￿* tt) a joint Dedanists, Society, Foundation and T&RA prograrnme to provrde income support for existing young professionals who were under Pressu￿ to leave the game for lack of eamin8s durirq lockdovm. The main beneficiaries of this donatbon were the young professionals at the Oratory and Jesmond Dene. The net effect of holding back on grants to clubs because of Covid and of making exceptional grants in support of professionals is that we &gnificantly reduced tot318rant payments for the year. When Covid recedes, we expect to switch our funding back to the dirert support of the junior real tennis programmes run by clubs. Flnanclal Revlew In the year under review Founder Patrons pledged £35.750 including gift aid12020- £60.250 pledged) which at the year*nd increased the amounts pledged to £432.203 of which £335.353 had been received 12020- £396.453 of which £299.965 had been re￿Ned1. Other donations in the year amounted to £113 I202(￿ £2,880). Expenditure on charitsble activities induded grants of £6.69612020- £19.6871. ¢Jher charitable expenditure Of £9,507{202￿ £11.6211 included Amba5sadorf fw and expenses. the Cost of the junior tournament The Peter Luck-Hille Cup" and training and development expenses. Governance costs amounted to £6,61912021> É9.9091. The surplus for the year amounted to £12.68512020-£22.6161. Investment policy and performance The Foundation currently holds SLrfficient assets to cover over three year5 of normal outgoings In bank accounts in cash. Aw&ilable funds are in interesr-bearing accounts as the trustees do not consider that they could justify the risks associated with higher investment returns. The ￿$h holdings of the Foundation at the yearend were £149,134 (2020- £140,217). 8ank interest receivable amounted to £812020- £7531. Reserves policy ReseNes are needed to bridge the gap between the spending and recepling of income and to ¢¢)ver unplanned expenditure. The trustees consider that the minimum le¥el of free reseryes at 31 July 2021 would be £35.CQO. Plans for the fvture We are planning a swift retum to making grants to clubs to payfor ￿CruIting and coaching youn8 people in schools, universities and the local comrnunity. During lockdown and workin8 With Dedani5ts' Society èmbassadors in the clubs, we I￿Ve generated a surge of new grant requests. These Include applications from Cambridge. Moreton Morrell. Oratory and Seacourt. New head professionals at Canford and Holyport may well mean yet more opportunities for Foundation grants to make a difference. We are confident that, during 202112 and given no further lockdowns. we will be awarding MO￿ grants than ever before. The Dedanists, Foundation Report and Accounts- year ended 31 July 2021 Dlrertors. responslbllities In relation to the financial statements The Directors are responsible for preparing the Directors, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard5 Iunited Kingdom Generallv Accepted Accounting Practice). Company law requires the Directors to prepare finartial statements for each financial year. which give true an(i fair view of the state of the affairs of the charitable company and of the incoming rewurces and application of resources. including the incorne and expenditure, of the charitable company for the year. In preparing these financial statements. the Directors are required to= select suitable accountine policies and appty them consistentty: observe the methods and principles in the Charities SORP: make.judgementsAnd estimates that are reasonableond prudent. prepare the financial statements on a going concem basis unless it ￿ inappropriate to presume that the Foundation will continue in operation. The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply wlth the Companies Act 2C4)6. They are also responsible for safeguarding the assets of the charitsble company and hence for tsking reasonable step5 for the prevention and detection of fraud and other irregularitie5. The Director5 are responsible for the rnaintenance and integrity of the corporate and financial information included on the charrtable compan￿5 websrte. Legislation in the United Kingdom governing the preparation and dissemination of the financial staternents may differ from legislation in other jurisdictions. Approved by the Dirertors on 15 September 2021 and signed on their behalf bv: David Mills Chairman The Dedanists, Foundation Report and Accounts - year ended 31 July 2021 INDEPENDENT EXAMINER'S REPORT TO THE MEMBER5 OF THE DEDANISTS. FOUNDATION FOR THE YEAR ENDED 31 JULY 2021 I report to the Charity Trustees on my examination of the financial statements of The Dedanists, Foundation (the charity) for the year ended 31 July 2021. Responsibilities ané ba515 of report As the Charity Trustees land also its direttors fr)r the purposes of company lawl you are responsible ft)r the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2(J)6 Act). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Art and are eligible for independent examinatKin. I report in ￿SpeCt of my examination of the charivs financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Artl. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlner's statement 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: 11 accounting records were not kept in ￿$pert of the charity as required by section 386 of the 2006 Art,. or 21 the financial statements do not accord with those records- or 31 the financial statements do not comply with the accounting requirements of section 396 of the 2006 A 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- or 41 the financial statements have not been prepared in accordance wrth the methods and principle5 of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021. 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. Pauline B McAlpine FCA S8M Associates Limited 24 Wandsworth Road London SW8 2JW 14 December 2021 The Dedanists, Foundation Report and Accounts - year ended 31 July 2021 STATEMEPIT OF RNANCIAL ACYMTIES FOR THE YEAR ENDED 31 JULY 2021 Note Year to 31Juty 2021 Year to 31 July 2020 Income: Donations 35.5 63.080 753 Investment income- bank interest re￿I￿ats1e Totsl income 35,508 Expendltyre: Expenditure on raising lunds Expenditure on charitable acti¥itie5- 22.823 41,217 Total expenrfrture 41.217 Net Income belng net m4y•ement In tsnd5 12.685 21616 Reconciliation of ￿fid$ Unrestricted Funds brought fonvard at l August 2020 Unrestrirted Funds carried forward at 31 July 2021 132,390 145.075 109.774 132,390 The above results are derived from continuin8 artivities and rekte to the unrestrirted income fund. There were no other recognised gain5 or losses txher than those ststed above. The Dedanists, Foundation Report and Accounts - year ended 31 July 2021 Company Number- 7715011 BALANCE SHEEf AT 31 JULY 2021 Note 31 July 2021 31Juty 2020 Current assets Debtors Cash at bank and in hand Totsl current assets 795 3,447 140,217 143,664 149,134 149,929 Llobllltles Creditors. amounts falling due within one year Net current assets 4,854 145,075 11.274 132,390 Net assets 145.075 134,586 TheAunds oAthe Foundouon.. Unrestricted incorne funds Total Foundatlon funds 145,075 145,075 132.390 132.390 For the year ending 31 Juty 2021 the Foundation wa5 entitled to exemption from audit under sectlon 477 of the Companies Act 2(M)6. The members have not required the Foundation to obtsin an audit of its accounts for the period in question in accordance with section 476 of the Companies Act 2￿6 The directors acknovAedge their responsibilities for •) ensuring that the charitable company keeps accounting records that compfy with Sections 386 and 387 of the Companies Act 2¢￿￿. and bl preparing financial statements which give a true and fair view of the 5tste of affairs of the tharitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply wtth the requirernents ofthe Companies Act 2006 relating to financial statements. so far as applicable to the charitsble cornpany These financial statements have been prepared in accordance with the special provision5 of Part 15 of the Companie5 Act 21X)6 relating to small charitable companies. Approved by the Directors on 15 September 2021 and sqned on their behalf bv= ian Wilkinson The Dedanists, Foundation Report and Accounts - year ended 31 JU￿ 2021 NOTES TO THE ACCOUNTS l. Aecountin8 Policies {al Basis of preparation The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepa￿d in accordance with the Charities SORP IFRS 1021 'Attounting and Reporting by Charitses: Statement of Recommended PractKe applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effertive l January 20191.. Financial Reporting Standard 102 The Financial ReFOrting Stsndard applicable in the UK and Republic of Ireland. and the Companies A¢t 2006. The finanaal statements have been prepared under the historical cost convention. Financlal reportlng stsndard 102- reduced d15d05ure ememptlons The Foundation has taken advantage ol the following disdosure exemptions in preparing these financial statements, as permitted by FRS 102 Finanoal Reporting Standard applicable in the UK and Republic of Ireland.: the requirements of Section 7 Statement of Cash Flows: the requi￿rnent of Section 3 Financial Statement Presentation para 3.17ldl: the requirements of Section 11 Financial Instruments para$ 11.39-11.48A the requirements of Section 12 Other Financial Instruments.paras 12.26-12.29 Ibl Funds strurture The F￿ndation has only one fund. an unrestricted income fvnd The Dirertors may. at their dixretion, allocate any part ofthe fund to the purposes ofthe Foundation. (cl Income reco8nition policies Items of income are recognised once the Foundation become5 legally entrtled to the income. it is PrOba￿e that the income wll be received. any perforrnance conditions have been rnet or are fully within the control of the Foundation and the amount can be measured reliably. Id) Expendlture recognrtion abilities are recognised as expenditure as soon asthere is a legal orconstructive obligation committing the Foundation to the expenditure, it is probable that settlement will be required and the amount of the obligation can be measured relTrab￿. io The DedanFsts' Foundation Report and Accounts - year ended 31 July 2021 NOTES TO THE ACCOUNTS (Continued) lel Exper4diture rncognition (contiftuedl Grants payable a￿ recogni5ed when they are approved by the Directors and the beneficiaries have been notified, whether orally or in writin& that the grants have been approved. Where grants are rnade with associated conditions, such as obtaining matching fundin& the grants are nonetheless a¢¢rued as the achievement of these conditions fall outside the control of the Foundation. where muki-stage grants are approved and communicated to reapients and subwuent stages are dependent on a satisfactory review, the nature of which is defined in the communiotion to the rtcipient. only the appr¢)ved and reviewed stages are accounted for. If) ￿loCation of overhead and supp)rt costs Since the Directors are not paid and do not reclairn their expenses for operating as Directors, all support costs and overheads relate to governance costs. These costs are analysed in note 5. 2. Related Paity transactlons and DIrecto￿. remuneration The Dirertors recwved no emoluments and redaimed no expense5 durin8 the year12020- nil). 3. Expenditure on charitable artivities Note 2021 2020 Grants Ambassadors. fees Junior tournament - Peter Luck-Hille Cup Training development and expenditure Prizes 6.696 8,138 300 19.687 9.450 714 734 320 750 6.619 723 9,909 Governance costs 22,823 41.217 li The Dedanists, Foundation Report and Accounts - year ended 31 JU￿ 2021 NOTES TO THE ACCOUNTS (Continued) 4. Grants Payable The followin8 8rantswere payabk: 2021 2020 Cambridge University Real Tenni5 aub Cheltenham College lesmond Dene Real Tennis aub Leamington Tennis Court aub Middlesex University Real Tennis aub Moreton Morrell Tennis Court Club Oratory Real Tennis Club Oxford University Tennis Court The HydeTennis aub Wellington College Real Tennis aub Bristol University Exeter University Middlesex University Newcastle UnNersity The Dedanists. Society The Tennis and Rackets Association Ltd. Investing in Professionals Grants written back 1,51XI 1,500 790 1,700 300 3CiI 1.842 5,500 1,023 560 900 560 1,600 674 490 4,000 17001 19.687 18501 5. Allocatlon of support costs and overh& The following expenditure was allocated in its entirety to governance costs: 2021 2020 Independent examinerfs ￿M￿neratIOn Marketin& media and V￿bsite Printing, stationery and other costs Other including honour5 board 405 360 3.112 1.065 2.037 6.619 3,1XlO 1,179 5,370 12 The Dedanists, Foundation Report and Accounts - year ended 31 July 2021 NOTES TO THE ACCOUNTS (Continued) & Debtors 2021 2020 Other debtors Prepayments and aeerued income 795 3,447 795 3.447 7. Creditots. amwits falling due within one year 2021 2020 Grants Accruals and deferred income 3,241 1,614 4.855 9.596 1.678 11.274 & Analysis of funds 2021 2020 Unrestricted income fund 132,390 35,508 122.8231 Unre5tritted incorne fund 109.774 63.833 141.2171 Fund IKouiht fornard •¢ i Add.. Income Less: Expenditure AddlLess: Gains and lasses Fund carrfed lorward at 31 July 145,075 132,390 9. Legal status The DedanIS￿ FoLFndation is a company limited by guarantee. The liabiltty of each member in the event of a winding up is limited to £10.