REGLsfERED COMPANY NUMBER: 07827640 (EDEland and Wale5) REcED CHARITY NUMBER: IA45571 rt ofthe Tr and tatemen l December 2023 nis
tham Tennis Club Limited Contents of the Financial Statem for the Year Ended 315t December 202 Report of the Trustee5 I to 7 Independent Examinefs Report Statement of Financial Activities Bance Sheet 10 to 11 Notes to the Financial Statements 12 to 18 Detailed Statement of Fitwwial Artiviiies 19
enni5 Club Li the Tr r the Year Ended 3 1st Dece The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial $141¢ments of the charity for the year ended 3 1st December 2023. Th¢ trustee5 hav¢ adopted the provisions of Accounting and Reporting by Charities: Stalement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Rew)rting Siandard applic4bl¢ in Ihe UK and Republic ofireland (FRS 102) (effective l January 2019). OBJECTIVES AND AcfiviTIES Objeetlve Our objective as set out in our 8overning document is 'The promotion of Community Participation in healthy recreation for the benefit of the inhabitams of Grantham, and elsewhere as the directors may decide, in particular the provision of facilities for playing tennis". The definition of 'F8¢ilitI' Includ lh¢ lan buildin& equipment and the organising of sporting activity including coaching. The facilities are made available to the subsidiaries Grnntham Tennis Club Members Limited and Grantham Tennis Club Trading Limited in order to provide a platforni to fulfil the charitable aims. The main activitie$ ar¢: To maintain the best tennis playing facilities p)5$ible for the community for Graniham and surrounding villa8¢S To give as many people as po$sible Ihe opportunity to tske up playing tennis, wh4lev¢r lennis may m¢an to them, which for some of our players with disabilities I lack of mobility this may just be connecting with a ball Ihat a coach has thrown to them. The club h&s community at the heart of all decisions made and understands the wider ben¢fiis of S14115]ng log¢th¢r 8T moving. The Club continues to offer discounted memberships for players on low income and with a disability. Parents I carers of players wlth a dispbility can also play for free with the member. Parents of minl members (IO&U) also do not have to be a member to come and play with their children. The club continues io recognise all modem understanding of 'family'. People do not have to be members of the club to tske part in activities or just play al the club. Look for new opportunitles and in¢rease Ihe Club's community Outreach programme understanding the barriers that various parts of Ih¢ ¢ommunity feel and tying to ¢liminal¢ as many of these as possible. Page I
Tennis Club Lirnited rtofthe for the Year Ended 3 1st D¢¢¢mber 2023 oWE[VEs AND AcfiviTIFS A¢dvltles and ¢hievements LTA OpeD Court Fllnding The club eontinues to re1ve funding from the LTA open court fundin& Thi5 fiumling is used to subsidise the club's EDI programme :. Walking Tennis - The original groups have ixen nmning for a few years have progressed. A new beginners walking tennis group added to the timetable specifi¢ally ¢0 support old¢r FKople living With disability or long-t¢rni health coThlition especially long covid. Feelin8 GoLhJ - Both mental wellbeing group5 increased in nurnl during 2023 with many returning from pre-covid times this year. Learning disability - Sessions for junior4 YOU adults and adults and a perfoTm8nce disability session for those players that enter comlti0nS and are tying ftr a place in the Special Olympic tegm. Wh¢¢lchair- Saturday sessions for all ages and abilities. Dlsbllity C¢mpetitions Learning Disability Regional Tournament - This weekend comwition has b¢come one of the highlights of th¢ LD tournaments Cendar. The number of entries Ireased again 10 45 players in different ded events. For this y¢ors social the Club 0lS&j bingo. most players and f8mily attended. Many volunteers from the club gave their lime to help the comwitors to stsnd in the correct place to serye and retum and score. Volwit¢ers weye wovided with refreshments and lunch fer which the club used CC Volunl¢¢r funding. Wheelchair National Tournament- 25 pkyer5 entered in the differing c4tegories. The novice evenl attrncting many player5 from Grantham. Special Olympi¢s The club welcomes the Special Olympics East Midlands squad for their monthly training sessions. Two of Grantham's coaching team work with the players. P*rkin8on$ Growp The LTA became National Parthers with Parkinsons UK and the club contacted the Ii)rAI Parkinsons Group and sa up 2 Taster sessions that attrdcted 35 participwnts. The coa¢hin8 team attended an LTA CPD urse to help with the session design which wa5 mainly arouTrA seated SkS. S¢hooig College The Club continues to work closely with Grnitham College with a Mixtu of se&sion5 at the club and at the college.
Tennis Club LimiteAJ rt of the Trustee5 or the Year Ended 31st Dccemkr 2023 OWE]v&s AND ACTIVITIES Harl&xton College appToached the club to put a session on in the evening for their Stnts to come and play tennis. This was enabled with approx. 16 students taking part every sessioTL The club hosted the Grdntham and District Sclwl Year 3&4 Festival. Years 5&6 ComWition at the club. One of the coaching team ran the Travid RO FAlucational Trst Schools Tennis event at the local leisure centre and the club continues lo offer its f1]ity for l(Kal seK{ary schools to play their tennis matches in the National Sch)1 leagu¢& The festiv. rather than a wmFrtit1o w&$ chosen for years 3&4 and forused on fun and personal challenges and w&% aimed at quieter children who had not played tennis previously and lack ¢onfid¢nce anwor social skills. The club provided a coach for a terni of ¢hing4t Denton Primary Sthool. The club offered all GSCE. 'A'. BTEC exam SnKlents free 'stressbu#inl courts. T&kets and balls on a Sunday aftemwn in the exam Feriod. Positive Futures The club worked with the "Positive Future5" prowme whi¢h offers free coaching at the lo¢al leisure Centre (situated in the heart of the area in Grantham). Positive Futures is part funded by Lincolnshire County Council using 5POrt and physical activity to engage with young Ople in deprived communities. WyDdbAm P4rk After year5 of wi>rktng together with sOh Kesteven District COU11 (SKE) and the LTA. the club were successful in being one of the fiT5t Park courts io receive national investhient by the UK Government and LTA Tennis Foundation to refurbish two ¢ourts that were unplayable in Wyndham Park. The ¢lub recognised that park courts can reach different communili¢s who may never play at a tennis club even though GTC is wel¢orning to all. SKDC own the courts with GTC Iwjkling a le85e to manage tF* courts for the community. SKDC are ¢ontributing to the sinking fund for the first three y¢ars. The community coach will deliver a wo8rdmme that benefits the community. Four Astro Courts The four &stro courts were resurfaced U5Tng moftey saved in the designated sinking furbl. The ¢ourts. due to ¢onlinued mainl¢nance. lastol Iwond the eXPted hows usage. The surface is still a favorite of lh¢ membership to its soft surfxe and can be played on all year round even in the rain. Indoor ¢ontrfbutions The club contin{ kn support two formanCe disability player5 with contributio$ to their indoor court f¢es.
Grantham T lub Limited f r the Year Ended 3 1st Decem OWEcfivES AND ACTIVITIES Young Perjons Welfare Ambas8ador The club is committed to safeguarding and the welfare of all and is always looking for ways to improve. As part of an LTA pilot scheme GTC was one of 23 clubs to have a Young Persons Welfare Ambassador. The Ambassadorfs role is to: Provid¢ a young person's voice and perspective lo promote safeguarding and welfare ai GTC. - Raise awareness of safeguarding and welfare issues amon8St members and players - Gather feedback from youn8 people to enable them to have a greater say in safeguarding discussions. - Provide an important link between venue committees and children and young peopl¢, Glft Ald The club continued the pnKess of recoverin8 8ift aid for Ihe 'donations' of the many tennis and gym members who continued w pay for iheir membership despite nol being able to access the club during Covid. Publ1¢ benent As trustees we 'have re84rd' lo Ihe Charity Commission's publi¢ benefit guidan and have taken it into count in all decision makin8. We are fully awar¢ of our p14¢e in the wider community and believe thai we have complied with our duty to have due regard lo lh¢ guidan on public benefit published. FINANCIAL REVIEW Reservej pollcy The Trustees consider the tlnancial posilion of the charity to be satisfactory. Reserve$ held at 31st December 2023 ar¢ £3,432,779 (2022: £3.439.144) The Irustees are aware thai part of running a charity involves lookin8 after the assets and understand that a well-run facility must ensure Ihat an appropriate level of finance is allocated to m8intsinin8 the facilili¢s. Quality facilities relain members and attract new ones. A sinking fund has been set up as a part of the LTA funding requirements wilh monies set 8side for the future maintenance of the existin8 lennis facilitles. The $inkin8 fund is detailed as Ihe Desi8n8t¢d Fund in the accounts. Page 4
Tennis Clu Limit Ended 3 1st DE¢embeT 2023 FirruRK PLANS Golng Concern The Trusttts ¢oKsider the 80in8 C4)ncern basis io be approwiate. Altknu8h challenges are not&1 concerning the current economic environments. the cost-of -living crisis and a reduction in Charitable givin& the trustees are confident that their Yeduction in overt Spen finding ways to gen¢rnte new income and sourcing altemaiive funding Streams will ensure the continued vilbility of the charity and il's aims. Future Pl*ns The club is lookin8 to pul more solar panels on lh¢ %)uth fa¢in8 rwf of the club to become more sustainable and try and offset some impact of incrth%ing eneT&v char8es. The Club is atso wloring EV ¢harg¢ points. The ¢lub 1$ atso lookin8 to employ a dedicated community ¢oach to focus on both the club and Wyndhwn Community pyogramme set up in Wyndham Park The clay eourts. which to age and usage will need replxin8 in 2024r25 as the droinage is rnh slower. Int¢rs¢hool disability festival for all the SEND schty)Js in the vea RelaurKh Active al 60.
Grantham Tenni rt of the Trustees or the Year Ended 31 sTRuU GOVERNANCE AND MANACEMENr The charity is Yegistered as a clwithble ¢1panY limited by guarantee. The company incorporated on the 28th October 2011 and Grantham Tennis Club Ltd was entered in the register of charities on 23rd Jan 2012. The charity's governing document is its Memornndum and Articles of Ass(xia¢ion. The working name of the charity is Grantham Tennis Club The trustees were Chosen to ensure the lThrd had a mix of skill& experience and qlifICatIonS - rttommended by ihe Charity Commission. The board acknowledges the need for diversity on th¢ iM)ard ar is aw of the Charity Commission's policie5 and procedures for recruiknenl. appointment, induction 8nd training of its In]ste¢s. TnLSte¢s are elected at the Aftnual General Mtttiftg the first of which was held in April 2014. The Chairn)an is Lianne Firth. Decisions are made at mIned b(rd meelings. tring 2023. due to circumstances. the boArd met mor¢ frequenily lo di5CUS$ 8nd make timely decisions, 05 well as the usual structured quarterly meetin8S. Charity trustees are Tesponsible for the 8enernl control management of adminislration of 4 charity. The InteeS after Rceiving professionfil 8uidan¢e and after seeking legal advice have sel up Grantham Tennis Club Members Ltd and Grantham Tennis Club Trnding Ltd both of which have their own board of directors. The two subsidiaries are limited by share5 - the one share from each subsidiary is owned by Grantham Tennis Club Ltd. The purFW of these subsidiaries 15 to MlMI5¢ ihe wmmercial benefils available to ihe charity. The irnsiees are aware that the interests of these trading subsidiaries musi be secondary io ihose of the charity and Iheir purpose is to benefit the charity. The structure will provide stability. consistency a professional approach. The trUe¢S review its aims, C+bjectives and programme each year. This review looks at achievements 8nd outcomes of the charity's work that year and develops a progrnmme for the followin8 year makin8 sure th the ffieeS are identifying th¢ benefits to the lo¢al ¢ommunity. REFERENCE AND ADMINIRATIVE DtfAILS Reglgtered Company number 07827640 (En8land and Wales) Reglstered Charlty number 1145571 Reglstered offlee Gon¢rby Road Gonerby Hill Foot Grantham Lincolnshire NG318HU Trnstees Mrs SJ Panort MsLEFirth Mr G G Hooper (app)inted 1414r2023}
rantham Tennis Club Limited rt ofiheT for the Year Ended 31st 23 REFERENCE AND ADMINIRATIVE DETAIiS ImdepelldeDt Examiner Mr Michael Steed MA (Canlab), CTA (Fellow). MAAT Chul¢ Hous¢ The Sireet Appledore Kent TN27 2 BX Sollcltor5 Hewit50ns LLP Kildare House 3 Dorset Rise London EC4Y 8EN BaDkers HSBC POBox6 88 WestgAte Grantham Lincolnshire NG316LF Approved by order of the iwrd of trusttts on ...... Irts l *)2¥.......... and sig[d on its behalf by: Mrs S J Patton- Trus(ee P88e 7
Ind endent Examin&s R rt to the Tru Independent u4mlner's report to the tru5t¢¢s of Grantham Tellnl$ Club Llmlted ('the CompADy') I report to the charity trustees on my examination of the &ccounts of the Company for the year etknled 3 1st December 2023. Responslbllltles and ba515 of report As the charity's trustees of the Company (and a150 its dire¢tor8 for the purposes of company law) you are responsible for the preparation of the accounts in accordon¢c with the r¢quir¢ments of the Compani¢6 Act 2006 ('the 2006 Ad). Having satisfied myself that the accounts of the Company arc not rquir¢d to b¢ audited und¢r Part 16 of the 2006 Act and are ¢li8iblc for ind¢p¢nd¢nt ¢xamination, I report in respect of my examination of your ¢haritys accounts as ¢arri¢d out under Section 145 of the Clwities Act 2011 (Yhe 2011 Act,). In canying out my ¢xamination I have followed the Directions giv¢n by the Charity Commission under Section 145(5) (b) ofthe 20II Act. Ind¢pendent exlmlner'i Statement I have completed my examination. I confirn) that no matters have come to my attention in connection with th¢ ¢xamin&tion giving me cauK to b¢liev¢: accounting rncords wer¢ not k¢pt in respect of th¢ Company A8 required by Section 386 of the 2006 Aei; OT the accounts do not a)rd with th08e rordS. or the accounts do not comply with thc a¢wuntin8 requirements of ScctiOD 396 of thc 2006 A¢t other than any rffjuirement that the accounts giv¢ a true aTKi fair vi¢w which is not a matter CODsidcr part of an independent examination. or the accounts have not been prepared in accordance with the methods and principles of the Staternent of Recommended Ptice for a¢¢ounting and reportin8 by ¢h8ritie$ (applicable to charities preparing th¢ir accounts in accordance with th¢ FinanriAI Reporting Standard applicable in the UK ftnd Republie of Ireland (FRS 102)). I hav¢ no concern5 and bave come across no other mAtter5 in CODnection with the examination to which attention should be drnwn in this report in order to ¢nablc a prop¢r und¢rstsndin8 of th¢ accounts to be reached. Mr Michael Steed MA (Cantsb), CTA (Fellow), MAAT Chute House The Street Appl¢dore Kent TN27 2 BX Page 8
a1&1 Activitie Inco rolin an Income and Ex for th Y Ended 3 1st December 2023 2023 Total fund8 2022 Total funds Unrestricted Restricted fur5 funds Notes INCOME FROM Donations 104086 6055 111.741 182,902 Investment income Oiher income 330 46.330 45,038 .550 TotAI 151 160 627 EXPENDITURE ON Ralslng thnds Raising donations 22.990 21,693 21,693 22.990 Charltable *etlvltl Bank Charges Donations Accouniancy Independent Examlnation Admin Support Subscriptions Licences Court MaIntenat¢ Deprecialion 60 26,318 1,751 500 17.609 35 30 4,151 1,813 500 17,737 35 70 67,890 6.026 10.177 1,813 500 17,737 33 70 67.890 To¢al NET INCOMEI(EXPENDITURE) (9,750) 3J83 (6J65) 118.084 RECONCILIATION OF FUNDS Tolal fund5 brought forward 3,43&970 2,174 3,439,144 3J21,060 TOTAL FUNDS CARRIED FORWARD 20 539 3 432 779 3.439.144 The nthes fomi part of these fin8ncial statements Page 9
Grantham Tennis Club Limited Bal 2023 Total nds 2022 Total funds Unrestricted Restricted funds funds Notes FIXED ASSETS Tangible assets Investments 3,166029 3,16A829 3.213.843 3,166031 3.166.831 3,213,845 CURRENT ASSETS Debio C&%h at bank 343227 343227 338.135 401J84 5J59 407,143 416.S24 CREDITORS Amounts falling due within one year (53.694) (33,694) (53.724) NET CURRENT ASSETS 347 362 800 TOTAL ASSETS LESS CURRENT LIABILITIES 314,731 S339 3320380 3,576,645 CREDITORS Amounts falling due after rnore than one year 10 (8701) (87,501) (137.501) NET ASSETS 20 559 J 432 779 3.439 144 FUNDS Unrestricted funds: General fund D¢si8nal¢d Fund 12 3,404,420 22,800 3,372.079 3 427 220 3 436 970 Restricted funds- Restricted TOTAL FUNDS 3 432 779 3.439,144 The Charitable Company 1$ erttiiled to exemption from audit under Section 477 of the Companies Acl 2006 for the year ended 3 1st December 2023. The members hav¢ not required the Company to obtain an audit of its finan¢ial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2. The notes fomi part of these financial statements Pa8¢ 10 ¢ontinued...
Graniham Tennis Club Limited tinued 1st December 2023 The trustees ack5wwledge their responsibilities for (a) ensuring that the charitable company keeps accounting records comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial ststements which give a true and fair view of th¢ stsle of affairs of Ihe charitable mpany as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requtremenls of Sections 394 and 395 and which otherwise comply with the requirements of the Compani&% Act 2006 relati118 to financial Statemen so far as appli¢able ¢0 the charitable company. These financial statements have been prepared in accordance with the pn)visions applicable to charitable companies subject to the small companie5 regime. The fin ial statements wer¢ approved by the Board of Trwtee5 and authorised for issue on 2.IYcJo4.:..... and were signed on its behalf by.. Mrs S J Patton- Trustee The note5 forni part of these financial statements Pagell
Tenn for Ihe Year Ended 3 1st t)¢oember 2023 ACCOUNTING POLICIES Basls of preparfng the tln8n¢lal stAtements The financial statements of lh¢ ¢harilabl¢ company* which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accounling and Reporting by Charities.. Ststement 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 l January 2019),, Financia] Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The finan¢ial statements have been prepared under the historic cos¢ convention, with the exception of investments which are included at market value. Ineome All income is recognised in the Statement of Financial Activities once the charity h&$ entitlement to the fuftds, it is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilities are reco8nised 0$ expenditure as soon 8S there is a legal or conslru¢tive obligation ¢ommitting the Charity lo that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can I me&sured reliably. Expenditure is accounted for on an accruals basis and has been ¢1&8sified under headings that aggregate all Costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a b&sis consistent with the use of resour¢¢s. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries and those costs associatejj with meeting the ¢onstitutional and statutory requirements of ihe charity. Tanglble fixed assets All fixed etS are initially recorded at cost. DepClatIon is provided at the following annual rates in order to write off each &sset over its estimated useful life. Buildings- over 99 years from 30 April 2013 Plant & Machinery- 150h reducing balance Taxatlon The charity is exempt frnm corporation t&x on ils charitable activities. Fund o¢¢ounting Unrestricted funds can be US in cOrdanCe with the charitable objectives at the dis¢retion of the trustee& Designated funds are unrestricted funds which have be¢n earniarked for a particular purp)se in the future. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Resirictions arise when specified by the donor or when funds are rdised for particular restricted purp05e& Further explanation of the nature and purpose of each fund is included in the notes to the financial statemenls. Page 12 continued...
Grantham Tennis Club Limited Notes to the Financi - cominued for the Y ed 31st t)ecember 2023 AccouNfiiYG POLICIES- t(tynilnu¢d Hlre purch and le#sltsg eommltments Rentals paid under orrtrating leases are Charged to the Statement of Financial Activities on a 1BhI line basis over the period of the lease. INVESTMENT INCOME 2023 2022 Rents received twsil account interest 45,OIKI 45.000 38 INCOMEI(EXPENDITURE) Net irwmel(expenditure) is stated after char8inW(crediting): 2023 2022 Deprecialion - owned Chher operating leases 47,014 136 49,113 61 TRUSTEES, REMUNERATION AND BENEFITS There were no tntstees. remun¢rntion or other Ixnefits for the year eThJed 3 1st December 2023 nor for the year ended 3 1st Dec¢mber 2022. Trustees. exp¢D•¢J There were no irustees, expens¢s paid for the year ended 3 1st Deeember 2023 nor for ihe year ended 3 1st tkcember 2022. STAFF CO The av¢ra8¢ monthly number of employees durin8 the year wL8 as ftillows: 2023 2022 No employees received emoluments in excess of £60.CW. Page 13 continued...
Grantham Tenni Limi otes to the Fi December 2 23 TANGIBLE FIXED ASSETS Freehold property Plant and machinery Totals COST At 1st January 2023 and 3 1st December 2023 DIPRECIATION Al 1st January 2023 Charge for year 342.430 30,453 li 372083 At 31st December 2023 42 419 377 551 40 97 NET BOOK VALUE Ai 3 1st December 2023 67 3 099 436 93 3 166 Ai 3 1st December 2022 3 134557 3213 843 The freehold propety 1$ the subject of 4 7 year lease lo Grnntham Tennis club Trading Limited. FIXED ASSET INVESTMENrs Shares in group undert8kin8S MARKET VALUE Al I sl January 2023 and 3 1st December 2023 NET BOOK VALUE Ai 3 1st December 2023 At 3 1st December 2022 There were no investment assets outside the UK. Investments in subsidiary companie5 are slK)wn at cost. Page 14 continued...
rantham T is Club Limi Notes to the FinWla1 for the Year Ended tstemen - contin1 DEFfoRS 2•23 2022 Amounts falling due within one year. Amounts recovernble on conlt Other de0 Prepayments 1.988 106 190 1094 Amounts falling due after more than ¢)ne year. Amounts owed by group undertakin 339.037 336,041 Aggregate amounts 338.135 CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 Other loans (see note I l) Trad¢ ¢r¢ditors VAT Ac¢nl expenses 50.000 (i) AJ90 982 53,694 53.724 The loan from LTA is secured by way of a legal m(Ktgage on the property (le 8). I CREDrroRS: AMOUNTS FALUNG DUE AFTER MORE ThAN ONE YEAR 2023 2022 Oiher loans (see nole I l) 87JOI 137.501 li. LOANS An analysis of the maturity of loans is givm lOw. 2023 2022 Amounts falling due within one year on demaThl: LTA Loan Amounts falling between one and two years: Loan . LTA i 100000 Amounts fa]ling due between two and five yea. Other loan5- 2-5 years Page 15 ntinued...
rantham T nnis Clu otes to the Firtancial Staiements- continued or the Year Ended 3 1st December 2023 12. MOVEME IN FUNDS Net movement in funds Transfers between funds At 31.12.23 At 1.1.23 Unrestrleted tsnds General fund Designated Fund 3J72,079 (9,750) 42,091 3.404.420 3h36,970 (9,750) 3,427220 Restri¢ted funds Rtricted 2,174 3J85 S559 TOTAL FUNDS 3 439 144 aL65) 3 432.779 Net movemenl in funds, included in the above are 85 follows- Incoming Resources expended Movement in funds Unrestricted General fund 151216 (100.966) (9,750) Restricted funds Restricted 9.411 (&026) 3J85 TOTAL FUNDS 992 Comparatives for movemetht IA funds Net movement in funds Transfers between fuThls At 31.12.22 At 1.1.22 Unrestrieted funds General fund Designated Fund 3.283.483 22.800 130.687 (42,091) 3.372.079 64.891 3,306,283 130,687 3.436,970 Restrf¢¢ed fvnds Restricted 14,777 (12,603) 2.174 TOTAL FUNDS 3 321060 3,439 144 Page 16 continued..
Graniham Tennis Club Lim Notes to the Financi Sth for the Year Ended 31st December 2023 12. MOVEME IN FUNDS- ¢ontlnu¢d Comparative net movement in in¢luded in the ai*)ve are a5 follows: Incoming Resources Movement expended in funds UDrcstricted G¢n¢ral fvnd 231.489 (100.802) 130.687 R¢strl¢¢ed Restricted 5.001 (17.604) {12.603) TOTAL FUNDS 118 4(KS) A current year 12 months and prior yeAr 12 monts combined position is 85 follows: Net movement in funds Trnrtsfers between funds Ai 31.12.23 At 1.1.22 UnreJlrle¢ed General fund tksisnated Fund 3,283,483 120,937 3,404.420 22.800 3J06283 120.937 3.427.220 Restrlcted Reslri¢ted 14,777 (9218) 5.559 TOTAL FUNDS 111719 3 432 779 A currenl Y 12 months and prior year 12 months bld net movement in funds, included in the above are as follows: Incoming Resources Movement in funds Unrestrleted funds General fund 382.705 {261.768) 120,937 Res¢rlrf¢d fun R¢stricted 14.412 (23.630) (9.218) TOTAL FUNDS 397.117 285 398) Page 17 continued...
rantham Tennis Club Limited N lest theF' nded 31st December 2023 RELATED PARTY DISCLOSURES Rent of £45.000 (2022: £45.000) was received from Grantham Tennis Club Trading Limited during the year (note 3) for the lease of premises. Grdntham Tennis Club Limited has 8 lease with Grnniham Tennis Club Trading Limited. Donations of £2.000 (2022: £53.614) were re1Ved durin8 the year from various companies which are subsidiarie5 of Totemic {2014) Holdings Limited. a company in which Ms L E Firth is shareholder and director. charitable donation of £101,181 was received from surplus profits by Grantham Tennis Club Members Ltd in the year. I& COMPANY LIMITED BY GUARANTEE The company is limiied by guarantee and does nol have a share rapitsl. In the event of the company b¢ln8 wound up th¢ liability of the members is £10. I& RESTRICTED FUNDS Restricted funds of £9.411 (2022: £5.IXIl) have been donated to the club during the yehr. The funds were used for furthering the charitable objectives, some of the projects cross over the financial year end. The funds remaining unspenl at year end. £5,559 (2022: £2,174), will be used in the followin8 year to continue these objectives. 16. DESIGNATED FUND Th¢ D¢5i8naled Fund is held 8$ a reserve for the maintenance of Ihe fabric of the building and courts. A sum of £67.890 was spent on resurfacing the courts in 2023. of which £42,091 was used from the Designated Fund. wilh the balance provided from general funds. A balanc¢ of £22,800 remains in ihe Designated Fund for future liabilitie5. Page 18
rantham Tenni b Limited ailed Statement of Fi eYearE 2023 2022 INCOME DoDltions Donations 111,741 182.902 IDvestment IDcom¢ Rents received Dep05il COUnt inlerest 45,IXIO 45.OiXJ 38 46J30 45,038 Other Incomt Government Grants TotAI Incomlng resoure 160.627 236,490 EXPENDITURE Rllilng doDtlon¥ Other operatin8 leases Rates and water Insurance 136 7.461 61 9,517 21.693 Chrltble e¢fvld Bank Charges Accountancy Admin Support Subscriptions Licences Community Tennis Court Maintena¢ Freehold property Plant and machinery 2J13 17,737 35 70 10,177 67,89) 35,121 2,251 17.609 35 30 26,318 35,121 145 95.416 Total resources expended Net {expeDdlthreyID¢om¢ 118,084 This page drts not forni p&1 of Ik st8tuW financial ststwnents Page 19