Raglgtered number: 03627445 Charfty number: 1151273 THE ETON FIVES ASSOCIATION LIMITED UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 WR Partners Protecting your future.
THE ETON FIVES AS80CIATION LIMITED IA Company Llmltsd by Guaranteo) CONTENTS Page Reference and Admlnlstrative Detalls of the Charltablo Company, Its Trustees and Advlsers Trustees, Report Independent Examlnerfs Report Statement of Flnanclal Actlvltles Balanc8 Sheet 10- 11 Notes to tho Flnanclal Statements
THE ETON FIVE8 ASSOCIATION UMITED (A Company Llmlt•d by Guarant••) REFERENCE AND ADMINISTRATIVE DETAIL8 OF THE CHARITABLE COMPANY, IT3 TRUSTEE8 AND ADVISERS FOR THE YEAR ENDED 30 0AlL 2020 Tru8t•O9 MJ Chinery, Chairman MP Powell, Treasurer AJ Barnes MJ Beard APW Bishop CEM Cooley TC Leach lappolnted 1 Octt3b•r 2024) AC Lumbard EK Scoone8 S Tallor RC Tyler (appolnted 1 October 2024) CMB Willlam8 HME Wiseman (resigned 1 October 20241 RKL Wood (rosign•d 1 October 2024) SA Woolfrles Company reg18tored number 03527445 Gharlty rogl8tered numbor 1151273 Reglstered offlce 45 Sandhi118 Solihull 8913UE Company Secretary GJ Hoskln8 Accountants WR Partner8 Chartered Accountants Belmont House Shrewsbury Buslness Park Shrewsbury Shropshire SY2 6LG Bankors Lloyd8 Bank PIC 174 Fleet Road Fleet GU514DD Prasldent RA Denni8 Pago 1
THE ETQN FIVE8 ASSOCIATION LIMITED IA Company Llmltad ty Quaranteel REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRU8TEes AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2028 Vlce Pre8ldents RPF Barber RNL Black CJ Davies MR Fenn RM Knight JP Reynolds G Stringer JDC Vargas D Whltehaad AR Wagg HME Wiseman PSJ Worth Patron Slr lan Davi8 Page 2
THE ETON FIVES ASSOCIATION LIMITED (A Company Llmlted by Guaranteel TRUSTEES. REPORT FOR THE YEAR ENDED 30 APRIL 2025 The Trustees present their annual report together with the financial slalements of the Charitable Company for the year 1 May 2024 to 30 April 2025. The Annual Report seNes the purposes of both a Trustees, report and a directors, report under cornpany law. The Trustees confirm that the Annual Report and financial statements of the charitable Company comply with the current statutory requirements. the requirements of the charitable companls governing document and the provisions of the Statement of Recommended Practice ISORPI applicable to charitses preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021 (effective 1 January 2019). Since the Charitable Company qualifies as small under section 382 of the Companies Act 2006, the Strategi Report required of mèdium and large Companies under the Corllpanies Act 2006 (Strategic Report and Directors. Report) Regulations 2013 has been omitted. Objectlves and actlvltles a. Policies and objectives The Eton Fives Association was set up to promote community participation primarily in the sport of Eton Fives and such other amateur sports as the trustees shall determine. The charity provides or assists in the provision of facilities for the playing of Elon Fives. The charity also aims to advance physical education of young persons by assisting in the facilities for the playing and learning of Elon Fives in schools and univèrsities. In setting objectives and planning for activities, the Trustee5 have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a charity {PB2)'. Achievements and performance a. Maln achlevements of the Charitable Company The Schools Championships took place at Shrewsbury in March 2025. Qualifying tournaments for il were played from January al various venues. The overall &ntry was about 485 pairs. Many tournaments had bèen held and a drinks and awards ceremony for 2023-24 tournaments had been held in May 2024. Advanta Wealth Managem8nl kindly maintained their 7th year of sponsorship with an increase to £30,000 per annum which was largely used to help pay for the Director of Development among other things, The C8ntenary Year started on 1 May 2024 and a grand dinner was held at Lord lo commemorate the year. This was attended by 241 people and include(J an auction of gifts with John Inverdale as master of ceremonies. Other achievements in the year were the completion of the refurbishment of the courts at Elon with nèw rooves etc and thè official opening in March of the Constantinidi Fives Centre at Eton. This is on two floors and includes meeting and sitting rooms for players and spectators, an office for the master in charge, kitchen & toilet facilities. It has display cabinets, can provide screening facilities and has access lo the digital archives of the EFA. The opening was attended by the Constantinidi family. The Centenary Appeal to provide future reserves for the EFA reached net £220.320 by 30 April 2025. Also a report on the courts at Charterhouse had been produced and a substantial sum had been raised from one individual and Old Carthusians toward5 Opening a 9th court 8nd refurbishing 5 others at the school. The Fivestar developmènt project came lo an end in May 2025.This was fijnded by the Eton Fives Charitable Trust IEFCTI and EFA sponsorship money and has been effectively managed by Richard Black and Alex Knight over the years. 3 new courts at Holyport College had been build and were officially opened in October 2024. Eton Page 3
THE ETON FIVES ASSOCIATION LIMITED IA Company Llmited by Guarantee} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 APRIL 2025 Achievements and performance Icontlnuedl paid for one court and major donors another and largely Old Etonian donors raised the rest. Encouraging reports have been received regarding the continued development of Fives schools such as St Bees, Wrekin and Rydal, A report had been produced by Conceptworld looking into lowering the cost of building ourts. Reports on toumaments and Fives events past and present are accessible on the website www.etonfives.com along with a host of other material about the activities of the EFA. Flnancial review Financial positlon The Statement of Financial Activities shows total incoming resourses of £420,810 (2024. £131.0431, before nel 10s5es on investments. and net outgoing resources of £190,87412024'. £126.944} for the year Unrestricted funds sland at £308.864 at year end (2024.. £86,710). which are held to cover future outgoings and provide resources for future grants for court building and coaching. Restricted funds sland al £Nil12024. £Nill al the year end. b. Reserrfes pollcy Free reserves comprise of the unreslricled funds less any designated funds and any unrestricted fixed assets. The free reserves figure for the year stands al £308.414 (2024: £85,444) The Charity aims to hold reserve5 of a suitable amount to ensure il can continue to lo operate despit8 fluctuations in income. To this end the Charity has set a minumum reserve of £88.491. c. Golng concem After making appropriate enquiries, the Trustees have a reasonable expe¢talion that the Chantable Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. d. Inv8Stment policy and objectives Funds are invested with Advanta Wealth Management and this policy is reviewed annually structure, governance and management a. Constitution The Elon Fives Association Limited is registered in England and Wales as a charitable company limited by guarantee and was set up by a Memorandum of Association. Page 4
THE EfoN FIVES ASSOCIATION LIMITED IA Company Llmlted by Guarantee) TRUSTEES, REPORT {CONTINUEOI FOR THE YEAR ENDED 30 APRIL 2025 structural governancé and management {Gontlnuedl b. Methods of appolntment or elactlon of TruBtees Tha management of the Cttarilabl8 Company is the responsibility of the Tru8teas who are electéd and co-opted under Ihe terms of the Memorandum of Assoclation. The charity's board h88 th8 power to appolnl any persons lo be 8 Iru8tee of the cherily, Trustees appolnl8d during the year and new trustees are ratified at the Annual General Meellng. c. Organl8atlonal Structure and daclslon-maklng pollcl88 The Board of Trustees oversee the operation of the charily assisted by a small managemant and admlnl8lrallon team. d. Flnanclal rlsk rnanagamont The Tru81ee8 have assessed the major risk8 to which the Charflabla Company is exposed, in particular those ralated lo the oparalions and finances of the Charitable Company, and ar6 satlsfled that gySt8ms and procedum8 are in place lo mitigat8 exposure to Ihe major r18ks. Page 5
THE ETON FIVES ASSOCIATION LIMITED IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 APRIL 2025 Statement of Tru5tees' responsibilities The Trustees (who are also the director8 of the Charitable Company for the purposes of cornpany lawl are responsible for preparing the Trustees, Report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company18w requires the Trustees lo prepare fi'nancial slalemenls for each financial year. Under company law. the Tru51ees musl not approve the financial slalerrenls unless they are satisfied Ihal they give a true and fair view of the state of affairs of the Charitable Company and of ils incoming resources and application of resources, including ils income and expenditure, foi. Ihal period, In preparing these financial slat8ment5, the Trustees aro required lo.. select 5ullable accounting policies and Ihen apply them consislenlly.. observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent., slate whether applicable UK Accounting Standards IFRS 1 a21 have been followed, subjecl to any material departures disclosed and explained in the financial slalemenls,. prepare the financial slalemenls on the going concem basis unless il is inappropriate lo presume that the Charitable Company will continue in buslness. The Trustees are responsible for keeping adequate accounting records Ihal are sufficient lo show and explain the Charitable Company's transactions and disclose with reasonable accuracy al any lime the financial position of the Charitable Company and enable them lo ensure that the finaiicial slalemenls comply with Ihe Coinpanies Act 2006. They are also responsible IDr safeguarding the assets of the Charitable Company and hence for taking reasonable step8 for the prevention and d81oclion of fraud and other irregularities. Approved by order of the members of the board of Trusleeg and signed on their behalf by. Jchinery (Chair of Trusleesl Dale.. Page 6
THE ETON FIVES ASSOCIATION LIMITED IA Company Llmlted by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 APRIL 2025 Independent Examiner's Report to th8 Trustees of The Eton Fives Associatlon Limited I'the Charltable Company'l I report to the charity Trustees on my examination of the accounts of the Charitable Company for the year ended 30 April 2025. Responsibllltl8s and Basls of Report As the Trustees of the Charitable Company land ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Acl'l Having satisfied myself that the accounts of the Charitable Company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of rny examination of the Chai'ilable Company's accounts carried out undèr section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission und8r section 145{5)Ibl of the 2011 Act Independent Examlnerfs Statèment Since the Charitable Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l 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 beliève.. accounting records were not kepl in respect of the Charitable Company as required by section 386 of the 2006 Act, or the accounts do not accord with Ihose records., or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other Ihan any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of ars independent examination,. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable lo charities preparing their accoLtnls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connection wth the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Page 7
THE EfoN FIVES A880CIATION LIMITEO (A Company Llmlt•d by Guarnnt••) INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 This report 18 made solaty to the Charitsble Companls Tru$taes, as a body, in acc¢)rdance wtth Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been und&rtaken 80 that S might stale to the Charitable Company's Trustees those matt8r8 l am required to state to them in an Independent Examiner'¥ Report and for no other purpose. To the fullest extent p8rmltted by law, I do not 8cceo or assume responsibil lo anyone other than the Charitable Company and the Charitabla Compan18 Tru8tee$ as a body, for my work or for thls report. Slgned.. S J Tweedle Bsc FCA DChA WR Partner8 Chartered Accountsnt$ 8elmont House Shrew$bury Bu81ness Park Shrew8bury Shropshlre SY2 6LG Page 8
èiè.:, u THE ETON FIVES ASSOCIATION LIMITED l. (A Company Llrnlted by Guarantee STATEMENT OF FINANC5AL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 30 APRIL 2025 Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacies Charitable activities Other trading activities Investments 26,992 292,392 17.012 80,214 4,200 319,384 17.012 80.214 4.200 66.948 17,002 43, 622 3,471 Total in¢ome 26,992 393,818 420,810 131,043 Expendlture on.. Raising funds Charitable activities 68.500 70,319 68,500 122,374 19.213 107,731 10 62,055 Total 8xpendltu 62,066 138,819 190,874 126,944 Net (expenditurellincome before net (lossesllgalns on Investments Net (losses)Igains on investments (25,0631 254,999 (7,7821 229,936 17,7821 4, 099 10,953 Net (expendlturelllncome Transfers between funds 125.0631 25,063 247,217 125,0631 222.154 15,052 20 Net movement In funds 222,154 222,1S4 15,052 Reconciliation of funds., Total funds brought forward Net movement in fvnds 86,710 222,1S4 86,710 222,154 71,658 15,052 Total funds Carried forward 308,864 308,864 86,710 The Statement of Financial Activities includes 811 gains and losses recognised in the year The notes on pages 12 to 27 form part of these financial statements. Page 9
THE ETON FIVE8 ASSOCIATION UMITED Company Llmlt•d by GuarnntO• REGISTERED NUMBER: 03527446 BALANCE 8HEET AS AT 30 APRIL 2025 2026 2024 Note Flxed assets Tangible assets 15 460 1,266 480 1,266 Current a88Ots Stocks Debtors Investment8 Cash at bank and in hand 16 17 18 8,344 82,047 272,418 62,986 6,815 50,627 129,156 97,225 394,274 283,823 Current Ilabllltle8 Creditor8- amounts falling due wthln one year 19 186,8601 (198,379) Not current a8sets I Ilabllltle• 308,414 85,444 Total as8etg1898 current Ilabllltl 308,864 86,710 Total net assets 308,864 86, 710 Page 10
THE ETON FIVE8 ASSOCIATION LIMITED IA Company Llmlted by Guarantèe) REGISTERED NUMBER: 03627446 BALANCE SHEET (CONTINUED) AS AT 30 APRIL 2025 2025 2024 Note Charlty fund8 Restricted funds Unresirlcted funds 20 20 308,864 86,710 Totsl funds 308,864 86,710 The Charflabte Company was enlilled to 8xemptlon from audit under gection 477 of the Companles Act 2006. The members have not requlrèd the company to obtaln an audit for the year in question in 8ccordance wllh section 476 of Companies Act 2008. The Tru8tees acknowledge their re8ponsibilities ft)r complying with the requlremenls of the Act with respect to accounting records and Pf8paratlon of financld statements. The financlal slalemenls have b8en prepared In 8ccordanc8 wllh the provlsion8 appllcable to enllties subject lo tha small companies regime. The ft'nancial 8ts1pJnenl8 were 8pprovad and authort88d for i8sue by the Tru81ees and signed on Ihalr behalf by.. J'chlnery (Chair of Tru81ees) Date.. The notes an pageg 1210 27 form part of thesa linancial stalemenls. P8ge 11
THE ETON FIVES ASSOCIATION LIMITED IA Company Limited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 General information The Eton Fives Association is a charitable company. limited by guarantee and sel up in England and Wales. 11 was sel up lo promote community participation primarily in the 8POrt of Eton Fives and such otheT amaleur sports as the trustees shall determine. The charity provides or assists in the provision of facilities for the playing of Elon Fives. Accounling policles 2.1 Basts of preparatlon of financlal statements The financial slalemen18 have been prepared in accordance with the Charities SORP IFRS 1 a21 Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounls in acconjance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applScable in the UK and RepubliG of Ireland IFRS 102) and the Companies Act 2006. The Elon Fives Association Limited meets the definition of a public benefit enlily under FRS 102. Assets and liabilities are initially Tecognised al historical cost or transaction value unless olherwlse 8laled in the relevant accounting policy. 2.2 Incoma All income is recognised once the Charitable Cornpany has enlillemenl lo the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Slalemenl of Flnancial Activities on a receivable basis. The balance of income received for specific purposes bul not expended during Ihe period is shown in the relevant funds on the Balan Sheet. Where income is received in advance of enlillemenl of receipt. ils recognillon is deferred and included in creditors as deferred income. Where enlillemenl occurs before income is received, the income is accrued, 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo IransfeT economlc benefit lo a third party, il 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 aclivlty. The costs of each aclivily are made up of the lolal of direct costs and shared costs. including support costs involved in undertaking each a¢livlly. Direct cos15 allribulable to a single aclivily are allocated direGtIy lo that aclivily. Shared costs which contribute lo more than one activity and support cost5 which are not allribulable lo a single activity are apportioned between those aclivi118s on a basis consislenl with the Use of resources. Expendilure on raising funds includes all expenditure incurred by the Charitable Company lo raise funds for ils charitable purp08es and includes costs of all fundraising activities events and non- charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charitable Gompanls objectives, as well as any associated support CO81s. Page12
..). THE ETON FIVES ASSOCIATION LIMITED {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Accountlng policies {¢ontlnuedl 2.3 Expenditure Icontlnuedl Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional. such grants being recognis&d as expenditure when the conditions allaching are fulfilled. Grants offered subject to conditions which have not been mel at th8 year end are noted as a commitment, but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. 2.4 Interest recelvable Interest on funds held on d8posit is inclLtded when receivable and the amount can be measured reliably by the Charitable Company, this is nomally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.5 Tanglble flxed assets and dèpreclatlon Tangible fixed assets costing £200 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised al cost. After recognition, under th8 cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. All Costs incurred to bring a tangible fixed asset into ils intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straighl-line method. Depreciation is provided on the following basis.. Marquee Fives ball mould & court plans Trophies 25% 25Q 2.6 Stocks Stocks are valued al the lower of cost and n8t realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 2.7 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. 2.8 Cash at bank and In hand Cash al bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. P8ge13
THE ETON FIVES ASSOCIATION LIMITED (A Company Llmited by Guarantee) 140TES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Accountlng policies {continuedl 2.9 Liabilities and provisions Liabilities are recognised when there is an obligation al the Balance Sheet date as a result of a past event. it is probable that a transfer of economic benefit will be required in settlement. and the amount of the selllement can be estimated reliably. Liabilities are recognised al the amount that the Charitable Company anticipates it will pay lo settle the debt or the amount il has received as advanced payments for the goods or services it musl provide. 2.10 FinanGial instruments The Chanlable Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaclion value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. 2.11 Penslons The Charitable Company operates a defined contribution pension scheme and the pension Gharge represents the amounts payable by the Charitable Company to the fund in respect of the year 2.12 Fund a¢countlng General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of th8 general objectives of the Charitable Company and which have not been designated for other purposes. Restficled funds are funds which are to be used in accordance with specific restriction5 imposed by donors or which have been raised by the Charitable Company for particular purposes The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund 15 sel out in the notes lo the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 14
THE ETON FIVE8 ASSQCIATION LIMITED IA Company Llmlt•d by Guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Incomo from donatlon8 and1ogaclo8 Re8trlctsd Unrestrfct•d funds fund8 2026 2026 Total funds 2028 Tot£1 funds 2024 Donations and member subscriptiong Grants 650 28,342 292,392 293,042 26,342 35,411 31,537 26,992 292.392 319,384 66, 948 rot812024 31,537 35.411 66,948 Incomo from charftsble actlvltlo8 Unre8trlcted lund• 2026 Total fund8 2026 Total funds 2024 Coaching fees and playing income Competitlon entry f6e8 Court hire 1,110 15,T74 128 1.110 16,774 128 720 16.282 17,012 17,012 17.002 Tot812024 17,002 17,002 Page 15
THE ETON FIVES ASSOCIATION LIMITED (A Company Llmlt•d by Guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2026 Incom from other tradlng actlvttlos Income from fundral8lng events Re8trlctod Unrestrlct•d fund8 fund8 2026 2026 Total funds 2025 Total funds 2024 Event income Sala of merchandise Sponsorship 39,327 10,887 30,000 39,327 10.887 30,000 7, 254 9.008 27,360 80,214 80,214 43. 622 Tot812024 2,114 41,508 43, 622 Investment Incoma Regtrlcted Unrogtrlcted lund• funds 2026 2026 Total fundg 2026 Tot81 funds 2024 Income from UK investments Interest recelveable 3.306 894 3,306 894 2, 700 771 4,200 4.200 3,471 Total 2024 3.463 3,471 Page 16
' THE ETON FIVES A88OCIATION LIMITED (A Company Llmltod by Guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2026 EXndItUrn on ral8lng fund8 Costs of ralslng voluntsry Income Unre8tr1ctod funds 2026 Total funds 2026 Total funds 2024 Spon80rshlp costs Centenary costs 986 1,110 55,043 86,043 55.043 65,043 2, 096 Tolal 2024 2.096 2.096 Fundralslng tradlng •xp•n••8 Unrestrlcted fund8 2025 Total fund8 2025 Total lunds 2024 Cost of merchandlse Fundraising event cosls 7,557 3,838 7,807 3.638 6,838 9,112 11,195 11.195 15,950 Total 2024 15,950 15,950 Page17
THE ETON FIVE8 ASSOCIATION LIMITED (A Company Llmltsd by Guarant•e) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 30 APRIL 2025 Investment managernent cost• Unro$trlct•d fund8 2026 Total funds 2025 Total ftinds 2024 Investment management fee8 2,282 2,262 1, 167 Total 2024 1, 167 1,167 Analyslg of grants Grant8 to In8tltutlon8 2025 Total funds 2026 Total funds 2024 Grants, Charitable actlvities 15.190 10,190 2,813 Totsl 2024 2,813 2,813 The Charitable Company ha8 made the ft)Ilowing malertal grants to institution8 during the year: 2025 2024 Name ol In8tltutlon St Bartholomew's School Eton School Indabawa Weshvay Five8 Club Charterhouse School 1,500 8,040 200 650 4,800 15,190 Other grants to in8lltLrtlons 813 16,190 2,813 Page 18
I ,, THE ETON FIVES ASSOCIATION LIMITED (A Company Llmltad by Guarant•el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2026 10. Analysls of 8xpendlture on charltable actlvltle8 Summary by fund type Re8trlctod Unreatrlct•d funds fund8 2026 2025 Total 2025 Total 2024 Charitable activities 52,055 70,319 122.374 107, 731 Total 2024 103,541 4,190 107, 731 11. Analys18 of expendlturn by actlvltles Actlvltle8 undertaken dlrectly 2026 Grant fundSng of actlvltles 2026 Support co8ts 2025 Totsl funds 2028 Total fvnds 2024 Charitsble actlvitie8 80.015 15.190 47,169 122,374 107,731 Total 2024 65,566 2,813 39,352 107,731 Page 19
THE ETON FIVES ASSOCIATION LIMITED IA Company Llmltsd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 11. Analyglg of expondlturo by actlvltle8 (contlnued) Analyslg of dlrect co8ts Charltable actlvltle8 2020 Total funds 2026 Total funds 2024 Staff c08t8 Promotional expense Coaching 8ervices and playing costs Professional fee8 We88Y costs S Star Project costs S Star Project- Holyport Competition expenses 42,949 240 740 389 2,380 2.227 1,489 9.801 42,949 240 740 389 2,380 2,227 1,489 9,601 42.270 1.844 763 3,297 5,819 1,256 2, 085 8, 232 80.015 60,016 65, 566 Tot812024 65. 566 65,566 Page 20
.-? THE ETON FNE8 A880CIATION LIMITED *i:::,¥i (A Company Llmlted by Quaranteg NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 11. Anaty81• of exp•ndlture by acilvltles Icontlnu•d) Analy918 018UPPOrt costs Charltabl• actltI09 2025 Total funds 2026 Total funds 2024 Stsff c08t8 Depreciation Insurance Motor and travel Office costs Trustees, fees Website costs Other costs Governance cost8 34,315 816 3,816 1,524 254 2,000 345 1,000 3.099 34,316 816 3,816 1,524 254 2,000 3415 1,000 3,099 27,442 1,O¢XI 3,254 2,001 220 2,000 414 3,021 47,189 47,169 39, 352 Total 2024 39,352 39,352 12. Indapondont examlner'8 remunoratlon 2026 2024 Fees payable io the Charltable Company's independent examiner lor the Independent examination of the Charftable Company's annual accounts 1,860 1,680 Page 21
THE ETON FIVE8 ASSOCIATION LIMITED (A Company Llmltod by Guarants•) NOTE3 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2026 13. Staff costs 2020 2024 Wage$ and $4larie8 Social security co8t8 Contribution lo defined contribution pension schemes 72,865 2,212 2,187 68, 132 1,596 1,984 77,264 69, 712 The average number of person8 employed by the Chantable Company during the year was as Idlows: 2020 No. 2024 Admlnistrative Development Officer8 No employee received remuneratlon amounting to more than £80,000 In either year. 1& Truste, rnmuneratlon and expen8e8 During the year ended 30 April 2025, an honorarium of £2,000 to recognise the Ilme, costs and anergy taken in the role was paid to the Treasurer of the charity12024.' £2,000). No other remuneration or other beneflts were received by the trustees during the year. During the year ended 30 April 2025, no Trustee expenses have been incurred (2024 . £NILJ. Page 22
Y THE ETON FIVES ASSOCIATION LIMITED Jt (A Company Llmlted ty Guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 15. Tanglble flxad assets Flveg ball mould & Marquee court plans Trophles Total Cost or valuation Al 1 May 2024 2,819 4,602 228 7,649 At 30 April 2025 2,819 4,602 228 7,649 Depreclatlon At 1 May 2024 Charge for the year 2,819 3,336 816 228 6,383 816 At 30 April 2025 2,819 4152 228 7,199 N8t book valu6 At 30 April 2025 460 450 AI 30 Apnl 2024 1,266 t,266 16. Stocks 2025 2024 Goods for resale 6,344 6,815 17. Debtors 2025 2024 Du8 wlthln one year Trade debtors Other debtors Prepayments and accrued income 21.876 369 30,312 23,900 6,577 20, 150 52,$47 50,627 Page 23
THE ETON FIVE8 A88OCIATION LIMITED (A Company Llmlted by Guaranta•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 18. Current a8set Inve81monts 2026 2024 L18ted inveslmants 272,418 129, 156 19. Credltorn: Amounts fallln9 due wlthln one year 2026 2024 Trade cdItOrS Other credltors Accrua18 and deferred income 795 1,343 196,241 1,114 84.746 86,860 198,379 Page 24
THE ETON FIVES AS80CIATION LIMITED (A Company Llmltsd by Guarantse) NOTES TO THE FINANCIAL STATEMeNTS FOR THE YEAR ENDED 30 APRIL 2025 20. Statement of funds Statement of funds - current year Balance at 30 Aprll 2026 Balance at 1 May 2024 Transfers Inlout Galnsl (Los8e8) Income Expendlture Unrestrlctsd funds General Funds Centenary 86,710 118,402 275,416 (83,7761 (56,0431 126,083) (7,782) 88,491 220,373 86,710 393,818 1138,8191 (26,0631 17,7821 308,864 Restrlcted funds 5 Star Project Elon Fives Charitable Trust recovery Jesters Newbury we$aY 21,602 146,665) 25,063 740 2,500 1,600 650 (7401 12,600) 11,600) 16501 26,992 (S2,055) 26,063 Totsl of funds 88,710 420,810 (190,8741 17,7821 308,864 Page 25
THE ETON FIVES A880CIATION LIMITED (A Company Llmltad by Guarants61 NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 30 APRIL 2028 20. Statement of lund$ {contlnued) Statoment of funds - prlor y•ar 88lance at 1 May 2023 Transfe in/out Gainsi 8alanc8 at (Losses) 30 Apnl 2024 Income Expenditur8 Unrestrlcted fund8 General Funds T1,658 97,383 (71,014) (22,270) 10, 953 88,710 Re8trlcled funds 5 Star Project 33,660 (55, 930) 22,270 Total of funds 71,658 131,043 (126, 944) 10,953 86, 770 Page 26
THE ETON FIVES ASSOCIATION LIMITED (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2026 21. Analysls of net assèts between funds Analysls of net assets between funds - current year Unrestricted funds 2025 Total funds 2025 Tangible fixed assets Current assets Creditors due within one year 450 394.274 185.880) 450 394,274 185,8601 Total 308,864 308,864 Analysis of net assets betwèen funds - prior year Unrestricted fvnds 2024 Tot81 funds 2024 Tangible fixed assets Current assets Creditors due within on8 year 1,266 283,823 (198,379) 1,266 283,823 (198,379) Total 86. 710 86.710 22. Pension commltments The group operates a defined contribution pension scheme The assets of th8 scheme are held separately from those of the group in an Independently administered fund. The pension cost charge represents contributions payable by the group to th8 fund and amounted to £2,18712024 - £1,984). The sum of £622 12024. £4281 was payable lo the fund al the balance sheet date and is included in creditors. 23. Related party transactlons During the year £740 was received from the Elon Fives Charitsble Trust. 2 Trustees IMJ Chinery and CMB Williams) of The Eton Fives Association were also trustees of the Eton Fives Charitable Trust dunng the year. Page 27