Pen-y-ffordd Tennis Club
Financial Statements 30 September 2021
Charity Registered Number: 1162241
Pen-y-ffordd Tennis Club
Financial Statements
for the year ended 30 September 2021
Contents
| Page | |
|---|---|
| Trustees Annual Report | 1-2 |
| Receipts and Payments Account | 3 |
| Statement of Assets and Liabilities | 4 |
Pen-y-ffordd Tennis Club
Trustees’ Annual Report
30 September 2021
The Trustees present their report and the financial statements for the year ended 30 September 2021.
Reference and Administrative Details
Charity Name Pen-y-ffordd Tennis Club Charity Registration Number 1162241 Principal Address Park Lane, Pen-y-ffordd, Flintshire, CH4 0HN Charity Trustees Mrs K E Glendenning Mr N P Edwards Mr T T Howard Mrs S L Bakewell (resigned 09 December 2021)
Objectives and Activities
To promote community participation in healthy recreation in particular by the provision of facilities for playing tennis
To develop the talents of young tennis players by providing coaching facilities and competition opportunities
To provide equal opportunities for all groups within the sport, irrespective of gender, ethnic origin, religious or political belief or any kind of physical or mental disability
The trustees have had due regard to the Charity Commission’s guidance on public benefit, the above activities furthering the charity’s purpose in this area
Achievements and Performance
Due to Coronavirus and in accordance to Government Guidance, we had to close the Club for 3 months between December 2020 and March 2021. We added the months missed onto existing membership, so everyone who was a member when we closed had their membership extended. This had an affect on cashflow over the year. However, we did receive further grants of £10,000 from Flintshire County Council over the period we were closed.
We were able in the year, to replace the perimeter fencing and the path around the tennis courts. We also purchased new patio furniture, a water boiler and hand dryer in the Club house.
Membership increased over the year and League matches were able to take place after missing a year. We introduced Pay and Play which proved very popular.
Future Plans
We are still pursuing floodlights for the Club and hope to have a decision soon. The Courts are due to be repainted in 2022.
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Pen-y-ffordd Tennis Club
Trustees’ Annual Report
30 September 2021
Financial Review
The Club increased its cash funds over the year with a cash inflow of £72 leaving a balance was £31,414 in bank accounts at the year end. Cash receipts over the year were £17,323 which included a Discretionary Grants from Flintshire County Council of £10,000. Cash payments were £17,251 (2020 - £2,514) which included money spent on improving the Courts and Clubhouse of £14,580.
The Club has unrestricted reserves of £31,414 and has a reserve policy of setting aside £3,000 per year for resurfacing and repainting programme. An amount has also been set aside for future capital developments such as floodlights. The courts will need resurfacing in 20-25 years and the courts must be repainted every 3-4 years. There is currently £24,000 in the designated fund.
Structure, Governance and Management
The charity was registered as a Charitable Incorporated Organisation on 17 June 2015.
At the formation of the CIO, the club requested volunteers to be appointed as CIO trustees. All volunteers were well-known to the club, having already many years of unpaid work for the club.
Approved on behalf of the board of Trustees by:
Mr N P Edwards – Chairman
9 December 2021
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Pen-y-ffordd Tennis Club
Receipts and Payments Account
for the year ended 30 September 2021
| Year to 30/09/2021 Unrestricted £ Receipts Membership 6,049 Donations and Fundraising 122 Grants 10,250 Pay and Play 769 Guest and Competition Fees 119 Interest Received 2 Other income 12 17,323 Payments Coaching - Coaching course 599 Equipment 3,239 Promotion and advertising - Insurance 257 LTA Affiliation and fees 360 Utilities 210 Other expenses - Maintenance 207 Online fees 201 5073 Infrastructure developments and Improvements 11,776 16,849 Net increase in cash 474 Balance brought forward 30,940 Balance carried forward 31,414 |
Year to 30/09/2021 Restricted £ - - - - - - - - - 401 - - - - - - - - 401 - 401 (401) 401 - |
Year to 30/09/2021 Total £ 6,049 122 10,250 769 119 2 12 17,323 - 1,000 3,239 - 257 360 210 - 207 201 5,474 11,776 17,250 73 31,341 31,414 |
Year to 30/09/2020 Total £ 7,579 100 10,250 - 253 4 - 18,186 500 539 359 100 257 - 188 130 218 223 2,514 - 2,514 15,672 15,669 31,341 |
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Pen-y-ffordd Tennis Club
Statement of Assets and Liabilities
As at 30 September 2021
| Cash Funds Bank Current Account Bank Deposit Account Paypal and Stripe Total Funds Unrestricted funds Designated funds Restricted funds Total |
2021 £ 21,385 10,002 27 31,414 7,414 24,000 - 31,414 |
2020 £ 21,309 10,000 32 31,341 6,940 24,000 401 31,341 |
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Approval of Accounts
On behalf of the Trustees, I approve this Receipts and Payments Account and the Statement of Assets and Liabilities for the year ended 30 September 2021.
Mr N P Edwards – Chairman
9 December 2021
Notes to the accounts
Assets retained for the charity's own use
Ownership of land at Park Lane, Pen-y-ffordd, accommodating three tennis courts and a modestly sized clubhouse Ownership of three well-maintained tennis courts Ownership of a brick-built structure that serves as a clubhouse for club members
There are no guarantees provided by the Charity which result in any liability as at 30 September 2021
There is no debt outstanding at 30 September 2021 which is secured by an express charge on any of the Charity’s assets
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