TIM HENMAN FOUNDATI•N THE TIM HENMAN FOUNDATION (Charitable Incorporated Organisation) REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR YEAR ENDED 31 AUGUST 2024 Registered charity number 1161964 www.henmanfoundation.org FR FUNDRAISING REGULATOR Iippnrting thp trAnffnrmAtinn nf thp livp of disadvantaged young people Reglstered Ch•rlty Number 1161964 000
Titn Hentllan Foundation Report and Unaudited Financial Statements for year ended 31 August 2024 TIM HENMAN FOUNDATI N THE TIM HENMAN FOUNDATION REPORT AND UNAUDITED FINANCIAL STATEMENTS 31 AUGUST 2024 CONTENTS Report of the trustees 17 Independent examiner's report 18 Statement of financial activities 19 Balance sheet 21 Notes to the financial statements Page 2 www.henmanfoundation.org Supporting thetrar6fortrotion ofthe lives of dsathantaged young people in
Titn Hentllan Foundation Report and Unaudited Financial Statements for year ended 31 August 2024 TIM HENMAN FOUNDATI N REPORT OF THE TRUSTEES Reference and Administrative Details Charity number.. 1161964 Website." www.henmanfoundation.org Trustees.. Trevor Alldridge Dr Karl Altenburg Jan Felgate Lucy Henman Tim Henman OBE Andrew Hynard Mark Lauren Ichainnan) Ashley Silverton Kevan Walsh Chief executive officer Jamie Feaver Principal office clo Menzies LLP Ashcombe House 5 The Crescent Leatherhead Surrey, KT22 8DY Independent examiner David Gold Armstrong Watson LLP One Strawbery Lane Newcastle upon Tyne NE14BX Bankers HSBC UK 186 Broadway Didcot Oxfordshire OX118RP Investment advisers Cazenove Capital 1 London Wall Place London EC2Y SAU Page 3 www.henmanfoundation.org Supporting thetrar6fortrotion ofthe lives of dsathantaged young people in
Titn Hentllan Foundation Report and Unaudited Financial Statements for year ended 31 August 2024 TIM HENMAN FOUNDATI N The Trustees are pleased to present their report together with the unaudited financial statements of the Foundation for the year ended 31 August 2024. Referen and administrative details, set out on the previous page, form part of this report. The financial slatemenls comply with the Charities Act 2011, the constitution of the Foundation and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). Structure, governance and management The Tim Henman Foundation ITHFI is a Charitable Incorporated Organisation, registered with the Charity Commission on 3 June 2015, registered charity number 1161964. In this report the Trustees review its objectives and activities, achievements and performance, and resulting benefit the charity has brought to those groups of people that it is set up to help. The methods used to recruit and appoint new charity trustees New Trustees are appointed by the existing Trustees and setve for three years after which they may put themselves fomard for re-appointment. The constitution provides for a minimum of three Trustees. All Trustees give their time freely and do not receive any remuneration or reimbursement for expenses during the year. The policies andprocedures for the induction and training of trustees The Trustees 'welcome pack, includes a copy of the governing constitution and a copy ofthe Charity Commission's guidance"The Essential Trustee Guide.. The Chief Executive Officer The Board of Trustees is in charge of directing and controlling the charity. Day to day management is delegated to the Chief Executive who is a salaried employee. Arrangements for setting pay and remuneration of key management personnel The Board of Trustees is in charge of setting pay and remuneration of key management personnel using a cross section of Key Performance Indicators across charitable activity, fundraising, impact and communications. The major risks to which the Foundation is exposed and reviews and systems to mitigate them A large amount of risk is mitigated by the fart the Foundation's charitable activity is partnership based, and works with other bodies for the delivery of our programmes, meaning the Foundation does not have large overheads and our funding is paid out on actual delivery as the activity is deployed. In previous years a large amount of the funding was raised through events - 630kn in 2019 and only 60A in 2020 when COVID restrictions were in place. Since this point, the Foundation has taken active steps to mitigate this risk by broadening our sources of income. This includes maintaining our Page 4 www.henmanfoundation.org Supporting thetrar6fortrotion ofthe lives of dsathantaged young people in
Titn Hentllan Foundation Report and Unaudited Financial Statements for year ended 31 August 2024 TIM HENMAN FOUNDATI N events schedule but also adding digital fundraising campaigns, placing a focus on grant fundraising and looking lo develop corporate partnerships. Trustees. declaration The Trustees confimi that they have due regard to the Charity Commission's guidance on public benefit when reviewing the Foundation's aims and objectives and in planning charitable activities. Objectives and activities for the public benefit The purpose of the Foundation is the relief of young people and their families who are disadvantaged by poverty, disability or who are suffering from ill health in particular, but not exclusively, by creating sporting and educational opportunities to advance their health and wellbeing. Using these objectives, the Foundation uses the mission statement below: The Tim Henman Foundation is a youth charity with the mission of transforming the lives of disadvantaged young people by crealing sporting and educational opportunilies as well as improving mental and physical heallh together with our partners. The main activities undertaken in relation to those purposes during the period The Foundation has a range of sport and education programmes which are delivered into schools and community-based organisations with delivery partners, and we provide mentoring alongside. We also provide grants to organisations where there is a high level of need for equipment and capital projects. 'Sport Programmes, which breakdown acSS and financial barriers to allow young people the opportunity to participate and progress. (THF) Community Activity Programmes (THF) Inclusive Activity Programmes (PPS) Advanment Programmes 'Education Programmes, . to provide opportunities for students who require extra support and young people who wish to progress their career path. (THF) Scholarships (THF) Opportunity Fund (PPS) Career Path Programmes Alongside the sport and education programmes, we facilitate 'Mentoring' as an additional source of support to provide positive guidance. The Foundation also provides financial assistance in the form of 'Grants' to charities and registered community organisations that have an immediate need for equipment and capital projects. Performance Plus Sport UK (PPS) - linked charity In March 2022, the Trustees approved a proposal to formally link with Perfomance Plus Sport UK IPPS) for registration and accounting purposes, because of their shared mission and connected charitable objectives. The link will creale greater efficiency and increase the Foundation's capacity, reach and income. The Tim Henman Foundation is the reporting charity. Page 5 www.henmanfoundation.org Supporting thetrar6fortrotion ofthe lives of dsathantaged young people in
Titn Hentllan Foundation Report and Unaudited Financial Statements for year ended 31 August 2024 TIM HENMAN FOUNDATI N The effects of linking charities for accounting and registration purposes means that.. The charities are registered under a single registration number., The Trustees are required to prepare a single set of accounts for the reporting charity and the linked charity, within which the individual funds of the linked charity are reported as restricted funds. The fi'nancial statements provide additional information. With the link in place,. the Trustees will govern the linked charity and PPS, activities and finances are accounted for in this report. TIM HENMAN FOIJNOATI N PERFORMANCE MADE THROVGH SPORT Pmgrammes. funding and impact To ensure the effective delivery of programmes with associated funding, the Foundation has in place a 'Programmes & Funding Guidance, document which.. 1. Gives an outline and breakdown of the programmes that are delivered. 2. The process to implement these. 3. Funding policies around how we deliver and fund programmes. 4. The compliance requirements for each programme. 5. Wilh a set of criteria around who THF partners with, who THF seeks to support and where THF delivers. 6. Vvhat THF can fund and the items involved. 7. And detailed infomiation around the programme delivery costs. In addition, the Foundation follows an 'lmpact Measurement (Monitoring & Evaluation) Model, to aid in the delivery of high-impact programmes and to be able to quantify and track what we are spending our funding on, where it is going and what impact it is making. Grant making policy The Foundation's policy on grant making is to provide financial assistance in the fomi of grants to organisations where there is a high level of need for specialist equipment and capital projects. Equipment grants of beeen £1,000 £10,000 for fully-funded specialist ple(s) of equipment that will enhance the lives of children and young people. Capital projects - grants of between £5,000 - £20,000 towards facility improvements thal will provide additional or new opportunities. other projects - at the trustees discretion. The Foundation will prioritise grants.. That demonstrates a high level of need. Organisalions thal are based in an area of deprivation. Vvho serve profoundly disadvantaged young people. And can clearly demonstrate benefits to young people and the wider community. Page 8 www.henmanfoundation.org Supporting thetrar6fortrotion ofthe lives of dsathantaged young people in
Titn Hentllan Foundation Report and Unaudited Financial Statements for year ended 31 August 2024 TIM HENMAN FOUNDATI N Achievements and performance This section reports on the charitable activities delivered in the year ended 2024. Charitable activity overview We delivered 55 Sport & Education programmes (2023.. 41) with 87 partners 12023.. 73) reaching 5,080 young people (2023.. 3,4711, and provided 17 grants {2023. 81 reaching a further 6,236 youngsters 12023.. 5,936) as well as 12 additional projects12023'. 6). 87 The majority of our Sport and Education partners are schools and community-based organisations176 % } and we also work with delivery partners {240/01 coaches, coaching providers, teachers, tutors, training providers and mentors - to bring the programmes to life. thank you to all of our 87 partners who brought the programmes to life! We aim to fomi long-term relationships with our partners. Of the 55 sport and education direct delivery programmes., 510/0 continued from last year and 470h were new this year. Al YE24, we ended only 120/0 of programmes {2023'. 29 %). 860A of programmes were delivered in London (630/0) and the South East {23 /0). Just over a third of sports programmes are tennis {350/01, followed by boxing 120/01, basketball {12%), gym instructing I personal training I strength and conditioning 112°A), multi-sport {8% }, alhletics 16°/0) and football, golf, swimming170/01. Where we delivered our pro8rammes 202J-ZOZ4 Within our THF education programmes we are working within the core subjects,. maths {45°/0), english (32°/0), reading and STEM {90/0 each), other subjects {50/0}. The PPS education programme is split between qualifications in the fitness industry {50 % l and sports coaching {50 % ). Across relevant programmes, 570/0 of children are in receipt of free school meals (2023.. 660A) which the Foundation considers to be 'low-income households, and 440/0 have special educational needs and disabilities {2023.' 49°A). Programmes are delivered directly to the bottom 37 % most deprived areas12023.' 25/0}. 57, ofstudents have special educatbonal need5 and disabilitie5 of students come from low-lneome households young people wlth ethnic diversity Page 7 www.henmanfoundation.org Supporting thetrar6fortrotion ofthe lives of dsathantaged young people in
Titn Hentllan Foundation Report and Unaudited Financial Statements for year ended 31 August 2024 TIM HENMAN FOUNDATI N Across all programmes {THF and PPS} the average age is 16. This ranges from the THF Community Activity Programme 111) and Inclusive Activity Programme 112), PPS Advancement Programme {17-23), THF Scholarships 1171, THF Opportunity Fund 113), PPS Career Path Programme (201. There is an uneven ratio of boys and girls17.'3}, but a fair proportion across the five main ethnic groups (asian.. 2, black.. 2, mixed.. 1, white.. 4, other.. 1). Sports Programmes 43 programmes were delivered 12023.. 34), utilising 50 % of charilable activity expenditure {2023'. 32 % l and reached 3,966 young people12023.' 3,045). 20 of these programmes were delivered by THF and 23 were delivered by PPS. Of the total expenditure for sport direct delivery programmes, most of the funding is spent on coaching costs {42 % I followed by equipment1190/0). There are then a range of other items such as facility hire (5 /ol, specialist services like physio or S&C (120/0), supporting expenses like travel costs 160/0), mentor fees {40AI, membership fees {40/0), arranging sports days (4/1, funding places on holidays camps 13/0), courseslqualificationslcPD 110/0) and individual coaching costs11 %). Through our Community Activity Programmes we provided regular coaching for 3,212 children in areas of deprivation with 1,643 further opportunities for these children including holiday camps, mentoring and teacherlcoach training. Through our Inclusive Activity Programmes we provided fully inclusive coaching for 515 children who have special educational needs and disabilities, with 960 further opportunities for those children including sports days, mentoring and teacherlcoach training. 2,015, of chlldren feel more confident and joln In more than before regularattendance. Increa5in8 regular ctivity by 169% Fully inclusive sport is 3 x more expenslve acket packs.". . ,delfvered Through our Advanment Programme {PPS) we helped 239 aspiring young sportspeople to achieve their goals. 221 of those were within group programmes and 18 were supported individually. 221 18 were supported through group programmts {£671personlyearl were supportpd Page 8 www.henmanfoundation.org Supporting thetrar6fortrotion ofthe lives of dsathantaged young people in
Titn Hentllan Foundation Report and Unaudited Financial Statements for year ended 31 August 2024 TIM HENMAN FOUNDATI N Cas nclusive A Pro ramme at ak Green Prim Education Programmes 12 programmes were delivered {2023-. 7), utilising 220k of charitable activity expenditure 12023.. 200/0) and reached 1,114 young people {2023.' 426). Five of these programmes were delivered by THF and six were delivered by PPS. Of the total expenditure for education direct delivery programmes, the funding was spent on teacherltutor fees {400/01, courseslqualifications (23°), school fees 121 /ol, paid work experience 1110/01, mentor fees {2°A}, facility hire {3°A}, equipment costs {1°/0) and supporting expenses like travel costs (<1 %). Four scholarships were given for young people from single or no parent households to attend Reed's School. Through our Opportunity Fund regular tuition in core subjects was provided for 1,074 children who require additional support to help increase their attainment. 1,074 Four scholarships were given for young people from single or no parent households to attend Reed's School. children who require additional support were helped to increase their attainment Through our Career Path Programme (PPS) we helped 36 marginalised young people to get back into training and education and increase their chances of becoming employed. A further 1,491 people were given free activity sessions through their work experience. 1,491 qualification5 provided people were given free activity sessions through thgir work pxppripncp employed within a year Case slud Career Path Pro ramme with DoTrainin Page 9 www.henmanfoundation.org Supporting thetrar6fortrotion ofthe lives of dsathantaged young people in
Titn Hentllan Foundation Report and Unaudited Financial Statements for year ended 31 August 2024 TIM HENMAN FOUNDATI N Mentorship provision 29 mentorship workshops were delivered 12023.. 351 and 60 individual mentor meetings were facilitated {2023'. 731. In total 14 mentors were used {2023= 151 8 were paid and 6 were voluntary. Case slud Mentorin with Louise Hunt Zl Effective mentor provision will increase impact and engagement by 19% to our 14 mentors this year workshops and 60 Mentor meeting5 Grants We provided 17 grants (2023.. 8), utilising 280/0 of charitable expenditure, for specialist equipment and capital projects to help 6,236 youngsters. 14 were given to other charities, 2 to schools and 1 to a special school. 9 were sports-based grants and 8 were education-based grants. Fundraising activities during the period This year we were able to run three events,. a new Non-stop lennis weekend in DeMber, a Spring Dinner and a Tennis Maslerclass & Exhibition in the summer. Across these events we raised £108,825 {2023'. £102,520). We built on the success and increase in funds raised through grant fundraising which tolalled £178,700 12023.. £109,483). Like last year, we ran two digital fundraising campaigns (as part of The Big Give) - one was linked to the Non-stop tennis weekend in the lead up to Christmas raising £53,711 and the other was a standalone campaign in the summer raising £69,220. Hen/4 Non Stop fy/s WEE Page 10 www.henmanfoundation.org Supporting thetrar6fortrotion ofthe lives of dsathantaged young people in
Titn Hentllan Foundation Report and Unaudited Financial Statements for year ended 31 August 2024 TIM HENMAN FOUNDATI N Financial review The Foundation s financial position at the end of the year ended 31 August 2024 The principal source of the Foundation's income comprised donations and grants of £352,36312023'. £229,415), with a further £108,825 from fundraising events (2023.. £102,520). Funds raised £574.707 Funds spent The financial position of the charity at 31 August 2024 and comparatives for the prior period, are more fully detailed in the financial statements and can be summarised as follows.. £626.751 2024 2023 Net {expenditure) l income (43,4321 (52,3681 Unrestricted revenue funds available for the general purposes of the charity 513,485 584,744 Restricted income funds- grants 115,057 56,823 Total funds 628,542 641,567 Total Foundation funds 628,542 641,567 Performance Plus Sport UK- the linked charity's financial position lor the year ended 31 August 2024 The principal source of the linked charity's income comprised donations and grants of £101,527 12023.. £80,424). The financial position of the linked charity a131 August 2024 and comparalives for the prior period which is reported in restricled funds, is more fully detailed in the financial statements and can be summarised as follows". 2024 2023 Net {expenditure) l income {8,612} 12,610 Restricted funds 96,353 104,965 Total restricted funds 96,353 104,965 Total linked charity funds 96,353 104,965 Page11 www.henmanfoundation.org Supporting thetrar6fortrotion ofthe lives of dsathantaged young people in
Titn Hentllan Foundation Report and Unaudited Financial Statements for year ended 31 August 2024 TIM HENMAN FOUNDATI N Expenditure incurred in the period in order to raise income in the future We have an additional Key Performance Indicator for raising funds. We aim to raise at least £6 per £1 spent on fundraising. The average across a range of ten comparable charities was £5.09 raised per £1 spent on raising funds. In 2023-24, we spent £90,757 on raising funds, which means for every £1 spent, the Foundation raised £6.33. Expenditure accounting policy We have Key Performance Indicators for planning our annual expenditure. Each year, we aim lo spend at least 750/0 of our annual expenditure on charitable activities, below 20 % on fundraising and below 50/0 on governance. In 2023-24, we spent 83°A on charitable activity (2023.. 810A), 14 /0 on fundraising (2023.. 160/0) and 3 % on governance (2023. 3 %). charitable Activity Fundraising For every £1 we spend on raising funds we raised £6.33 Governance Of the Foundation's charitable activity expenditure, we aim to grow the sport and education programmes proportionately. In 2023-24, 530/0 was spent on sports programmes and 210/0 was spent on education programmes. The remaining 260/0 was given as grants. The Foundation has historically been a grant-giving charity and following a Trustee review in 2022 it was resolved to change the emphasis of the charity from grant making to service-provision (termed direct delivery by the Foundation). With the goal of designing programmes based on need and having more control over where the programmes are delivered, to whom and by whom. In 2021-22 77% of charitable expenditure {THF only) was considered grant-giving, with the remaining 230h Classified as direct delivery. The aim was to increase direct delivery by at least 100 each year. In 2022-23 the Trustees spent 55 % on grants and 450/0 on direct delivery- an increase of 22 %. And in 2023-24 the Trustees spent 260/9 on grants and 740h on dired delivery- an increase of 29%. Availability and adequacy of assets of each of the funds The board of Truslees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund. Page 12 www.henmanfoundation.org Supporting thetrar6fortrotion ofthe lives of dsathantaged young people in
Titn Hentllan Foundation Report and Unaudited Financial Statements for year ended 31 August 2024 TIM HENMAN FOUNDATI N Policies on reserves At 31 August 2024, the Foundation finished the year with £137,014 (2023.. £242,727) of free reserves {total funds held less restricted funds and Investment Account) which is 4.1 months {2023.' 7.4 months) of unrestricted annual expenditure. The Foundation aims to have beeen 50-750/0 of budgeted annual expenditure over the next 12 months in cash at each year end. At 31 August 2024, Gash on the balance sheet was £365,82812023'. £408,709), which represents 550/0 of budgeted annual expenditure of £665,905 in 2024-25 (2023.. 730/0 of budgeted annual expendilure of £567,561 in 2023-24). Investment policy and perforniance The charity's constitution permits the Foundation to invest the monies not immediately required for its purposes in deposits or investments and to delegate the management of the investments to a financial expert. The Investment Account was slarted in August 2022 after a legacy gift and ils primary purpose is lo act as a 'back-up' fund and allow the Foundation to meet budgeted expenditure should unforeseen circumslances prevent fundraising. At 31 August 2024 Ihe Investment Account value was £376,471 12023.. £342,017), which represents 570/0 of budgeted annual expenditure of £665,905 in 2024-25 12023: 600/0 of budgeted annual expenditure of £567,561 in 2023-241. The intention is to use 40/0 of the rolling 3 year average value of the Investment Account on charitable activity. In the period ending 31 sl July 2024 the investment fund returned 11.7 % against RPI growth of 3.70 in the same period. Following a review of investment fund performance in July 2024 the Iruslees chose lo move from a balanced growth fund to a low cost global equity tracker (Amundi Prima All Country World UCITS ETF). The trustees are targeting a return on Investment of al least RPl+30/0 per annum. Principal lunding sources in the period and how these support the key objectives of the charity The Foundation raised £574,707 in 2023-2412023.. £418,863), which is a 37 % increase on lasi year {2023'. 52 % increase). 38 % of this was from Trusts and Foundations 12023.. 38 %), 200A from individuals (2023.. 190A), 190A from events {2023.' 24010) 50A from local authority grants {2023'. 0°/o) and 6 /0 from corporate partnerships {2023'. 120/01. 12010 was from gift aid, donations in kind and bank interest 12023.. increase in fundraising The distribution between the main sour$ of fvnding remained similar to last year. All funding sources increased, apart from corporate donations. And there was one new source of funding which came from local authority grant. Page 13 www.henmanfoundation.org Supporting thetrar6fortrotion ofthe lives of dsathantaged young people in
Titn Hentllan Foundation Report and Unaudited Financial Statements for year ended 31 August 2024 TIM HENMAN FOUNDATI N The chart below shows a further breakdown of the funds raised.. Third Paty Fundraisin Spring Dinnèr Maslerclass & Exhib0 Gifts in ftd 8.0% Grdnt fundraing 32.0'io Sumtrr di 13001. Ital cam General donations 16.00 Christmas Challeng8 Across all 421 donations (2023.. 337}, the average donation was £1,203 {2023.' £1,240). 530/0 {2023.' 68% } of donations were small (under £99), which accounted for 1 % of income (2023.. 20hl. 140/0 {2023.' 130/0) were large donations (above £2,500), which accounted for 830h {YE23'. 880/0) of income. There were 334 donors across the year (2023.. 266}, who donatéd on average 1.26 times per year12023'. 1.271. 233 donors were new {2023'. 206). Of the 60 large donations {2023. 45), 26 were new {2023.' 22) and (excluding these new donations) 880/012023.. 970/0) of donors who donated this year, also did so last year. There was a 77 % rate of repeal donors 12023.. 930hl. These are donors who donated this year and last year, excluding new donors. There was a 530/0 drop off rate12023'. 62 % }. These are donors who donated last year but not this year. 334 Thank you to all of the 334 donors and funder5 who supported us this year. Page 14 www.henmanfoundation.org Supporting thetrar6fortrotion ofthe lives of dsathantaged young people in
Titn Hentllan Foundation Report and Unaudited Financial Statements for year ended 31 August 2024 TIM HENMAN FOUNDATI N Plans for the future Following a Trustee review in 2022 there were two main goals.. 1. Clarifying what THF stands for and., 2. Refining its work to make maximum impact for ils beneficiaries. A Strategy 2022-25 was then developed focusing on four main factors,. charitable activity, fundraising, impact and communications. Each area was broken down by headline goals, objectives on how this goal will be achieved, year-end updates and a set ol key performance indicators to track progress year-on-year. Throughout the period of the Strategy, the THF has seen growth across all of these areas. At year-end 2023 there was 47 /0 growth across 48 key performan indicators and at year-end 2024 there was a further 29 % of growth. In November 2024, the Board of Trustees will begin another review ahead of the Strategy 2025-28 to make sure the Foundation is fit for purpose to support those who need it the most. Any changes will be signed off by Trustees ahead of September 2025. Annual Growth of 29% (based on 48 KPlsl Tim Henman iTrnman Page 15 www.henmanfoundation.org Supporting thetrar6fortrotion ofthe lives of dsathantaged young people in
Titn Hentllan Foundation Report and Unaudited Financial Statements for year ended 31 August 2024 TIM HENMAN FOUNDATI N Statement of responsibilities of the Trustees The Trustees are responsible for preparing the Trustees, annual report and the financial statements in accordan with applicable law and Uniled Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees of the charity to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the incoming reSoUrS and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to.. Select suitable accounting policies and then apply them consistently., Observe the methods and principles in the Charities SORP., Make judgements and estimates that are reasonable and prudent., State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charity Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees and signed by order of the Trustees Mark Laurence Trustee Date.. 13th Dember 2024 Page 16 www.henmanfoundation.org Supporting thetrar6fortrotion ofthe lives of dsathantaged young people in
Titn Hentllan Foundation Report and Unaudited Financial Statements for year ended 31 August 2024 TIM HENMAN FOUNDATI N INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE TIM HENMAN FOUNDATION report to the Trustees on my examination of the financial statements of The Tim Henman Foundation {the Foundation) for the year ended 31 August 2024, which are set out on pages 18 to 31. Responsibilities and basis of report As the charity Truslees of Ihe Foundation, you are responsible for the preparation of the financial statements in accordance wilh the requirements of the Charilies Act 2011 {'Ihe Act'l. I report in respect of my examination of the Truslee's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by Ihe Charity Commission under section 14515llbl of Ihe 2011 Acl. Independent examiner's report Since the Foundation's gross income exceeded £250,000 your examiner musl 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 I am a member of the Institute of Chartered Accountants in England and Wales, 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.. 1. Accounting records were not kepl in respect of the Foundalion as required by section 130 of the Acl., or 2. The financial statements do not accord with those accounting records., or 3. The accounts do not comply with the applicable requirements concerning the form and content of accounts sel out in the Charities {Accounts and Reports} Regulations 2008 other than any requirement that the accounts give a 'lrue and fair view, which is not a matter considered as part of an independent examination. 4. The financial statements have not been prepared in accordance with the methods and principles of the FRS 102 SORP (Slalement of Recommended Practi for Accounting and Reporting by Charities (applicable lo charities preparing their financial slalements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 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 lo enable a proper understanding of the financial statements to be reached. This report is made solely to the charity's trustees in accordance with Part 4 of the Charrties (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate to the charity's trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility lo anyone other than the charity and the charity's trustees for my work or for this report. D R GOLD BAFCADP:. Independent Examiner Armstrong Watson LLP One Strawberry Lane Newcastle upon Tyne NE14BX Date= 16th December 2024 Page 17 www.henmanfoundation.org Supporting thetrar6fortrotion ofthe lives of dsathantaged young people in
THE TIM HENMAN FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Note Restrieltd Rtstrltted fllttds 2024 2023 Ilirtktd ¢h#rilvl Total Total Income from: Doiiatior15, grants and legacies Other trading activities Investments 177.663 108,825 11,992 174,700 101,527 453.890 108.825 11,992 309,8i9 102.520 6,504 Total income 298.480 174,700 101.527 574.707 418.863 Expenditure OTh: Raising funds Chari(able activities 90,059 310.087 698 109.441 90.757 535.994 72.129 386.492 116.466 Total expenditure 400.146 116,466 10,139 626.751 458,621 Net (expenditure) l income (101,666} 58,234 (8,612} 152,0441 {39,758) Net gains / (losses) on iniestments 30.407 30.407 (8.3311 Net (expenditure) l income before tran5fer5 171,259) 58.234 {8,612) 121.6371 {48,089) Tran5fer5 between fuNd5 14 Net movernent in funds in year 171.259} 58,234 {8,612} 121,6i71 {48,0891 Reconciliftlitsn offund5 Total funds brought forward Total funds brought fL)rward- linked charity Total funds carried forward 584,744 56,823 641,567 104,965 702,266 92.355 104,965 5 li.485 15,057 96.353 724.895 746,5i2 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities. The notes on pages 18 to 29 fom) part of these financial statements 18
THE TIM HENMAN FOUNDATION BALANCE SHEET AS AT 31 AUGUST 2024 Note 2024 2023 Fixed assets Investments 376,471 342.017 Current assets Debtor5 10 3,045 269,475 96,353 368.873 4.339 303,744 104,965 413.048 Cash at bank and in hand Cash at bank and in hand- linked charitv Creditors: amliunts falling due within one year {20,4491 {8,5331 Net current assets 348,424 404.515 Net assets 724,895 746.532 Funds of the charity Unrestricted incoine funds Restricted income funds Restricted income funds- linked charity 513.485 15,057 96,353 584,744 56.823 104,965 16 16 Total charitv funds 12 724.895 746.532 The fii)ancial statements were approved and signed by the Trustees ai)d authorised for issue on 13 December 2024 Mark Laurence Trustee The notes on pages l 8 to 29 fomi part of these financial statements 19
THE TIM HENMAN FOUNDATION STATEMENT OF CASH FLOWS AS AT 31 AUGUST 2024 2024 2023 Cash flows from operating activities: Net cash used in operating activities (a) (43,949> {49,999) Cash flows from investing aetivities: Dividends and inteiest from investments Purchase of investmeiits 5,115 (377,352) 370,208 3,323 Proceeds from sale of investments Net cash provided by investing activities {2,0?9} 3.323 Change in eash in the year ended 31 August 2024 145,978} {46,6761 Cash at I September 2023 414,682 461.358 Cash at 31 August 2024 368,704 414.682 (a) Reconciliation of Net expenditure to net cash flow frorn operating activities Net expendiiure for the vear ended 31 August 2024 (as per the stsrement of financial activities) Adjustments for: (Gailis) I losses on investments Dividends and interest from investtnei)ts Decrease l (increase) in debtors Increase l (decrease) in creditors (21,637) {48,089) 130,407} {5.115} 1,294 8,331 (3,3231 (4.157) {2,761) Net Cash used in operating aetivities 143.949} {49,999) (b) Analysis of cash and cash equivalents Cash at bank Cash at bank- linked charity Casl) held bv investment adviser (note 9) 269,475 303.744 104,965 5,973 2.876 Total cash and cash equivalent5 368,704 414.682 20-
THE TIM HENMAN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 l. Structure of Charity The charity is a Charitable liicorporated Orgaiiisation (CIO) registered with the Charities Commission in England and Wales. If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by Ihe accumulated fund shall be transferred to some oiher charitable body or bodies having similar objects to the charity. 2. Accounting policies The principal accounting policies adopted, judgements gnd key sources of estimation uncertainry in the preparation of the financial statements are as follows.. a) Basis of preparation The financial stateinents have been prepared under the historical cost conventioii with item5 recOlsed at cost or transaction value unless stated otherwise. The financial statements have been prepared in accordgnce with Ihe Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). the Finai)cial Reportii)g Standard applicable in the Ui)ited Kingdom ai)d Republic of Ireland (FRS 102) and the Charities Act 2011. The financial ststements have been prepared to give a'true and fair, view gnd have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a'true and fair view.. This departure has involved following Atcounting and Reporting by Charities preparing their account5 in accordaiice with the Financial Reportiiig Stslndard applicable in the UK and Republic of Ireland {FRS 1021 rather than the Accountin£ and Reporting by Charities.. Statement of Recommended Practice effective from l April 2005 which has since been withdrawn. The charity consiitutes a public benefit entity as designated by FRS 102. The financial ststements are prepared in sterling which 15 the functional and presentstioi) currency of the charity- b) Preparation of the accounts on a going concern basis The charitable activities are entirely dependent on continuing voluntary donations as well as fundraising events. Therefore the going concern basis is depei)deni on the I'uture flow of these uncervdin lui)dii)g streams. The Trustees are satisfied thilt, at the time of approvin¥ the finanLial 5tatenients, it 15 appropriate to adopt the ¥oiii¥ coiicern basis in preparing the finai)cial Statements. Other thali these matters, the Tnjstees are not aware of any material uncertainites about the charity's ability to ¢ontinue as a going concern. e) Policies relating to categories of income and ineome recognition Nature of income Gros% income represents the funds received or receivable by the foundation from donations, grants and fundraising events. Categories of ineome Income is categorised as income from exchan(Te transactions (contract income) and incotne fro non-exchange transactions (gifts).. investment income and other income.
THE TIM HENMAN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 2. Aeeounting polieies (continiied) Ineome from exchange transactions is received by the charity for goods or services supplied under coniraet or where entitlement is subjeci to fulfilling perfomiance related conditions. The income the charity receives is approximately equal in value ro the goods or services supplied by the chariry to ihe purchaser. Income fron] Non-exchange tran5actiON5 15 where the charity receive5 value from the doiior without providing equal value in exchange, and includes donations of nioney, goods and services freely given without giving equal value in exchange. Income recognition Income, 'hether from exchange or non exchange transactions, is recognised in the statement of financial activities ISOFAI on a receivable basis, when a transaction or other event results in an increase in the charity's assets or a reduction in its liabiliiies and only when the chariry has legal entitlement, the incoine is probable aiid cali be measured reliably. Income subject to tem]s and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met. All income is accounted for gross, before deducting any related fees or costs. Invesiment income such as dividends and interesi are included when receivable. Legacy income must be recognised whei) it is probable that it will be received. Receipt is normally probable when.. there has been bFrant of probate., the executors have establishcd that Ihere are sutTicient assets in the estate, after s¢itling any liabiliiies, to pay the legacy,. and any conditilins attached to ihe legacy are either within Clinirol of the charity or have been met. Aeeounting for deferred income #Nd ineome reeeived in advance Where temis and conditions relatiiiLF to income have not beeii met or uncertainty exist5 as to whether the charity can meet any iernis or ¢onditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met. Any grant that is subject to perfornianc¢-related ¢onditions re¢eived in advance of delivering the goods and services required by that condition, or is subject to unmet condiiions wholly outside the control of the recipient charity. is accounted for as a liability and shown on ihe balance sheet as deferred income. Deferred income is released to income in the reporting peiiod in which the perfonnance-related or other conditioi)s that limit recognition are Inet. When income from a grant or donatioii has not been recognised due to the conditions applying to the gift not being wholly M'ithin the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donaiion is probable once ihose conditions are met. Where tinie related condition5 are imposed or iinplied b), a fuiider, then the income 15 apportioiied to the tiine periods concert]ed, and, where applicable. 15 accounted for as a liability and shown on the balance sheet as deferred income. W'heii gr8lltS gTe received in advance of the expenditure on the activity fiinded by them, but there are no specific time related conditions, then Ihe income is not deferred. Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of tlie inconie coiicerned, but a liability to an), repayment is recognised wlien repaylent becoine5 probable. 22-
THE TIM HEf4MAN FOUIYDATIOIY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 2. Aeeounting policies (c'upilinued) d) Recognition of liabilities and expenditure A liability, and the related expendiiure, is recognised when a legal or constructive obligation exisis as a result of a past event, ai)d whei) it is probable that a settlement will be required and the amount of obligation can be niea5ured reliably. Liabilities arising from fi]ture funding Commitmenis and constructive obligations, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed ai the accounting year end. The provision is increased io reflect any increases in liabilities, ai)d is decreased by the utilisation of ai)y provision within the period, and reversed if any provision is no longyer required. These inovements are charged or credited to the respective fund5 and activities to which the provision relates. e) Listed investments Invesiments are a fom of basic financial instrument and are initially recognised at their transaction value and subsequently n)easured at their fail value as at the balance sheet date using the closing quoted market price. Gain5 or losses ari5in¥ on revaluation or disposal are recogFnised in the Statement of financial activities in the funds in which the investments are held. Debtors Debtors are measured at their recoverable amounts ar the balance sheet date. g) Cash and bank balance5 Cash held by the cliarity is included at the ainount actually held aiid counted at the vear end. Bank balances, whether in Credit or overdrawn, are shown at Ihe amounts properly Teconciled to the bank statements. h) Creditors and provisions Creditors and provisions are recogt)ised wl)ere the charity has a present obligation resulting from a past event that will probably result in the transfer of fuiids to a tliird party and the amount due to settle the obligations can be Tneasured or estimated reliably. i) Fund structure General funds are available for use at Ihe discretion of the Trustees in furtherance of the general objectives of the cl)arit>' tksignated fund5 are unrestricted funds eannarked by the Trustees for particular purpose5. Restricted ndS of the charity are given for a specific purpose and further detsils are provided in note 16 to the financial statements. Restricted funds- Performanct Plus Sport UK (linked charity) Perloimance Plus Sport UK was established in accordance with its Constitution as adopted 28 November 2018 and perynission ha5 been ¥ranted by the Charities Commission to treat it as a linked charity for registrdtion and accounting purposes. j) Pension costs The charity operates a defined contribution money purchase scheme. The chariry has no liability beyond making its contributions and payii)g across tl)e deductions for employees, contributions. 23-
THE TIM HENMAN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 2. Accounting policies (¢onlinued) k) Liability to taxation The Trustees consider that the charity satisfies the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxaiion in respect of income or capital gains received wiihin categories covered by chapr 3 part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains ale applied exclusively on the Specific charitable objects of tlie charity and for no other PUTpose. Value Added Tax is not recoverable by the charity,, and is therefore included in the relevant costs in the Statemeiit of Financial Activities. l) Signifie#nec of finaneial instruments to the Charity's position The Foundation only ha5 financial assets of a kind that qualify a5 basic financial in5trument5. Basic financial instruments are initially recOlSed at transaction value aiid subsequently measured at their settlement value 3. Net {expenditure) 2024 2023 Total Total Net (expenditure) for the year is stated after charging.. Ii)dependent examii)ation and aecountanc>' services.. Independent examination Accountancy Services Pension costs 1,700 3.988 1,321 1,620 3.300 1,321 4. Donations, grants and legacies l-nre5trirted R¢5trirle 2024 2023 runds fud5 Ilinked charity) Total TotAI a} Foundatio Donations froin individuals Donations from corporations and trusts Gifi aid claimed Donations in kind LTA Tennis Foundation Merton Council Boost Charitable Foundation Peter Harrison Foundaiion The Bally Thomas Charitable Fund The Morrisons Foundation IC Philanthropy Ftsundation John Ryder Meinorial Trust The Victoria Foundation The Wimbledon Foundation Lord Barnby's Foundation St James's Place Chariiable Foundaiion Tl)e Christopher Laing Foundation The Hob50n Charity The de Byre Charitable Trnst The HDH Wills 1965 Charitable Trust The Boshier-Hinton Foundatilin The Astor Fliundation 98,854 33,762 98.854 34,762 71.366 39,131 7.004 12,431 31,381 1,000 67,600 30,000 13,500 10,000 10.000 7.000 5,000 5,000 5,000 3,115 3.000 2.500 2,500 2,185 2,000 2,000 1.800 1.500 174,700 67,600 30,000 13.500 10,000 10,000 7.000 5,000 5,000 5.000 4.500 2,942 3,000 2.500 2,500 2,185 2.000 2,000 1,800 1.500 352,363 177.663 24- 168,755
THE TIM HENMAN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Restricted Donations grants and legacies (COllinued) I'Dreslriettd Restritled funds 2024 2023 Total Total a) Foundation (continued) Balance brL)ught forward (Charities Trusi) YBS Charitable Foundation Generdtions Foundatio HargFreaves Foundation Shanly Foundation The Dalgleish Trust The Hedley Foundation The Story of Christmas Tl)e Victoria Foundation 177,663 174.700 352.363 168.755 900 6,760 12,000 3.000 7,500 3.000 25,000 2,500 229.41 i 177.663 174,700 352,363 b) PerformaDee Plus Sport UK- linked charity Donations froin individuals 16,399 69,000 16.399 69,000 6.310 59,993 14 4.107 Donations from corporations and trusts Gift aid claimed Donations in kind Skii)ners' Charity Foundation The Hollick Faniily Foundation 5,000 5,000 10.000 80.424 101,527 101.527 177,663 174,700 101,5?7 453,890 309,839 25-
THE TIM HENMAN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 5. Other trading activities Re5trirted Inrestri¢ted Re5trioled [dS 2024 2023 fuThds funds {linked charity) Tot*1 Total Fundraising events 108,825 108.825 102.520 6. Income from investmeNt5 Restricltd Rtstrltted fllttds 2024 2023 Ilirtktd ¢h#rilvl Total Total Interest on cash deposits Dividends and interest from investments 6.877 5.115 11.992 6.877 5,115 11,992 3.181 3,323 6,504 7. Expenditure on charitable activities- grant funding of activities Restricted Ilnre5trirted Rf5trirted fllds 2024 Total 2023 Total Ilirtktd ¢h#rilil Grants made to organisations (Ivvles 7u) Reallocated from support costs 122,167 4,241 126,408 122.167 4,?41 126,408 150.671 3,569 154?40 2024 2023 7a), Breakdown of grants made to organisations Total Total ABS Training Ltd Bikur Cholim Chadsgrove School Maudsley Chari Step by Step London The Ganvood Foundation Oxford I lospitals Charity Activiteen5 Heritage Charity London YMCA St Helens Naomi House & Jack's Place Give Youth a Break Treloar Trust Treasured Monients Essex & Thaines Education GLF schools Crackerjacks Children's Trust Raynes Park High School Meridian Higl) School Aid Pioiieer5- SyTia Emergency Response Chailey Heritage Foundation Frank Wise School 10,000 10.000 10.000 10,000 10,000 9.492 9,031 8,870 8,000 7,310 7,254 7.000 5,460 4.750 3,000 1,150 850 10.568 10.000 75,000 25,000 18,000 10.129 1,974 122.167 150,671 26-
THE TIM HENMAN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 7b) Breakdown of grants made to organisations by activity 2024 Total 2024 Total 2023 Total 2023 Total Education progranimes Sport programnies 65,750 56,417 22.542 128.129 122,167 150.671 8. Total expenditure RRi5iTrg fllThds Artiiities Grant Goyernanre undertaktD funding of eosts 2024 Total 2023 TotAI direftly a) Foundation Direct cost5 Grants made to organisations (nule 7) Sport Programmes Education Programmes Accountancy and independent examii)erfs fees Professional fees 122.167 122.167 182,142 64,555 150.671 64,476 56,646 182,142 64,555 5,688 5.688 9.809 1.068 4,920 4,478 946 9,809 1,068 Investment maiiagement fees Fundraisin& branding and markeiing Fundraising evenis and costs 10,287 27,008 32,129 32,129 Allocat¢d support Costs Staff costs Accountancy fees Offiee costs 27,556 27,556 3.377 4.102 281.732 3,444 422 10,333 1.266 1.126 18.413 68,889 8.442 8.607 516,612 55,758 8.490 7,127 390,807 3.004 90,059 i75 126,408 b) Performance Plus Sport UK- linked charity Direct costs Sport Progranimes Education Programmes Fundraising, branding and marketing Fundraising costs 44,604 21.617 341 37,864 37.864 698 698 519 Allocated support eosts Office costs 222 109,360 81 81 303 110.139 733 67.814 698 90,757 391,092 126,408 18,494 626,751 458,621 Foundation Activities undertaken directly and grant funding Governance costs 408.140 18,413 426,553 Performance Plu5 Sport UK- linked charity Activities und¢rtakcn directl}, and grant funding- linked charity Governance costs - linked charity 109,360 109.441 Total expenditure on eharitable activities 5J5.994 27-
THE TIM HENMAN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 8. Tot81 expenditure (¢onliKued) The aggregate staff costs were.. 2024 2023 Wages and salaries Social security costs Pension costs 65,785 1,783 53,068 1.369 68,889 55,758 The Foundation con5ider5 Its key maiia¥enient personnel comprise the frustee5 and the Chief Executive Officer. The total employment benefits of the key maiiagement personnel were £67,106 (2023.. £54,389}. The average number of employees during the year, analysed by function was as follows.. 2024 2023 Managemeni The number of einployees whose einployee bei)efits (excluding employer pension costs) exceeded £60,000 was.. 2024 2023 In the band £60,001- £70,000 Trnstees, remuneration and expenses The Trustees did nLIt receive anv emoluments during the year and were not paid Lir reimbursed for any expenses. 9. Investments 2024 2023 Investments at fair value comprised: Listed investments Cash available for reinvestmeni by investment advisers 373,595 2,876 376.471 336,044 5.973 342.017 Listed investmeNt5 2024 2023 At I September 2023 Additions at cosi Disposals at carrying value Unrealised losses on revaluation 336.044 377.J52 (336,0441 {3.7571 344.375 (8,3) I I At 31 August 2024 373,595 336.044 Historical cost at 31 August 2024 377,352 346,168 All investments are carried at their fair value. Investments in Ex¢hgnge Traded Funds are all traded in quoted public markets. Exchange Traded Funds are generally priced on a net asset value basis. using the closing quoted market value. 10. Debtors 2024 2023 PrepayTh¢nts and a¢crued in¢ome 3,045 4.339 3.045 4,3)9 28-
THE TIM HENMAN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 l l. Creditors: amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income Other creditors Other taxation and social security 1,060 7,664 8,125 3.600 631 6,819 1,083 20,449 12. Analysis of net assets between fund5 Net Net Total Total current current funds 2024 funds 2023 Investments assets liabilities Unrestricted income funds Unrestricted revenue funds 376,471 376,471 157.463 157,463 120,449} (20,449} 513.485 513,485 584.744 584.744 Restrieted ineome fund$ Community Activitv ProgTainmes In¢lusive Activity Programmes 39,334 75.723 15,057 39.334 75.723 115,057 34,381 22.442 56.823 Restrieteil ineome funds- linked Charity Performance Plus Sport UK 96,353 368.873 96,353 724.895 104,965 746.5i2 376.471 120.449} Analysis ofnel assets belweenfunds-previousperiod Iyet Net Total funds 2023 Total funds 2022 eurrent eurrent lrtvestments assets liabilities Unrestricted income funds Unrestricted revenue funds Designated revenue funds 342,017 251,260 (8,533} 584,744 627.266 75.000 702,266 342.017 251,260 {8,533} 584,744 Restricted income funds Community Artivity Progranimes Inclusive Activity Programmes 34.381 ??,442 56,823 34,381 22,442 56.823 Restrieted ineome funds Peiformance Plus Sport UK- linked charity 104,965 413.048 104,965 746.532 92,i55 794.621 342.017 {8,533} 29-
THE TIM HENMAN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 13. Unrestrieted ineome funds Movement in resources: Investment Balance 2023 Balance 2024 Income EpenditUre gains Transfer Unrestricted revenue funds 584,744 298.480 (400.1461 30.407 513.485 584.744 298.480 (400,1461 30.407 513,485 Unreslricledincomefunrfs-previousperiod Balance 2022 Movement resources: Investment losses Balance 2023 Income Expenditure Transfer Unrestricted revenue fund5 Designated revenue fiinds 627,266 75,000 281,616 (390,8071 {8,331 } 75.000 175.0001 584,744 702,266 281.616 (390,8071 {8.331 } 584,744 14. Designated revenue fund$ Designated revenue funds are unrestricted funds which have been set aside for a particular purpose. As at 31 Augusi 2024 the Foundaiion holds no designated funds. 15. Details of transfers between funds Tl)ere were no traiisfers betweeii funds in tl)e year ended 31 August 2024. 16. Restricted income funds Movement in resources: Balance Balance 2023 Ineome Expenditure Transfer 2024 Restricted income fund5 Community Activitv ProgTammes In¢lusive Activity Programmes Opportunity Fund Garwood Foundation 34,381 22,442 70,715 96,485 2,500 5.000 174,700 165,762} 143,204} {2,500} {5,000} (116.466} 39.334 75.723 56.823 15,057 Restricted income fund5- linked charity Perforjnance Plus Sport UK 104,965 101,527 (110,139) 96.353 Restricted grants Grants io be used for Communiry Activity Programmes were received from The Wimbledon Foundation and LTA Tennis Foundation. Grants to be used for Inclusive Activity Programmes were received from Merton Council, Peter Harrison Fouiidation, The Bally fhoina5 Charitable Fund, B005t Cliaritable Foundation, The Morrisoiis Foundation, The Hobson Charity, The Boshier-Hiiitoii Foundation, The HDH Wills 1965 Charitable Trust, The Astor Fouiidation, Lord Bariiby's Foundation, John Rydcr Memorial frnst, The de BJTe Charitable Trust, IC Philanthropy Foundaiion and The ChTlStopher Laing Foundation. A grani to be used for the Opportunity Fund was received from St James's Place Charitable Foundation. A grant to be given to The Ganvood Foundation was received from The Victoria FoundaiiLIn. Perforfftance Plus Sport UK- linked charity The fuiids of the lit]ked charity are separately identified as Testricted funds in the financial statenients of the Foundatioii, whi¢h is the reponing charity. At 31 August 2024, the linked charity had net assets of £96,353. represented entirely by unrestricted funds. 30-
THE TIM HENMAN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 16. Restri¢t¢d income funds (COlIK11ed) Movernent in resource5: Balance 2022 Balance 2023 Reslri¢leil iucomefunds-previousperiod Income Ependiture Transfer Restricted ineome funds Conimunity ALtiN'it}' Programines Inclusive Activity Programmes 34,381 22.442 56.823 34,381 22,442 56.823 Restricted income fund$- linked charity Performance Plus Sport UK 92,355 80,424 (67,814} 104.965 17. Related party transaetions Tl)e chiirity has iiot entered into any related party traiisactions during the year, nor are there any outstanding balances owed between related partie5 and the charity at 31 August 2024.