AVENUE TENNIS CIO ANNUAL REPORT AND UNAUDrrED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Charity registration number 1164493 (England and Wales)
AVENUE TENNIS CIO LEGAL AND ADMINIsfRATIVE INFORMATION MrARRair MrMID MrcA5 Mr G M JaThrfs Its C H Jw¥ls Mr K Grutl) Charlty number 1164493 Independent examiner 4 Bhxys Lar PAInhn ME8 G
AVENUE TENNIS CIO CONTENTS Page examlnerfs repjrt BaLan sh to the finaTrJal si*eJwts 7-12
AVENUE TENNIS CIO TRUSTEES, REPORT FOR THE YEAR ENDED 30 APRIL 2025 trustees present thor annual rwt a1 fInla1 Aatemuts f( r en(bJ 30 2025. finarKkl siateJnwts ha¥e txeparel In xc(Xdan wlth accOunl¥j rKAldes set cyrt In note I to the flnamlal StateMts and a)mtAy Thryth ts tharfvs [9Kning (k0]Tht]. Charfties Art 201L and "Accounting and lx4rfti. statet of Rn)d I)frKI] aFpiicaFAe to charftks thek accounts In cordan vAth the RnwKJal Rwting 5tarKtsrd apF4katle In the UK Reputllc of IrdaThJ (FRS 1021° (dfecifve l January 20I9). Objectlves and xtlvttie8 To tmnote communlty Fk4ru¢iW( try a nLE a(a(knry atxl cts 4yxts fadllvs heallhy retTeAdiM or other leJsU tlme cmjpakn for the tffldlt of the inhatatants ML1 tr 5UffDundiTrJ area {Indudlng own mnblp to Inc1415, rmlty arKJ 9th)) In the lrterBsls (rf x(lal ¥taTe and th the objert of IM[VIj the cl Itfe of the hhalyfdrt& To advan amateur the cl the knLthnts aTrJ 9jrrjThJIn9 ar, by the promotkjn of thal h&41th thrrwgh 8K To alfvan &lucalSJ) the tlwh the rr(mrli[. grtainment and Increase of IndU81 and aTrJ utvknstanding cl the wt of talS of of all ages In Mthay and the surr19 ea, ty provkllng s[jaIL5t 0)1J by èwarthThJ of &thdarship51 malrrtenartt alkar or ants to suth aThJ In sh ways as the trteeS thlnk fiL To such exdw charitable purtxxs for the putllc tOlE acoxdlTrJ to the law of End aThl wa as the thar trust In thelr abx)lute discretth from dme to ljme ddffmln& RJbJlcbenefit The trustee5 have paid due ard to gUIdan ISSHI ty the ComrTh&m In vrt¥3t allvNJes charity shId urKlutske. rAKlr¥J the year the 0rity has continuuj to cary ¢Jrt Its obj'th Flnand•l revlew The trustees in general Int1 to maintaln the ojrmt ld rf restth irKDme and dl4JlbJte the Matsy cl Inc(e rejrce5. The net IncomltYJ resources totall&J £42,852 dthit. It is the 1c¥ rf the that unrTkI1 fiJ¥J5 (Wat&l a u should be malntain&l at a levd 4ufvalent to tELln aThJ stx TrThMth's eXture. trustees consider that reserves at thts thl vlll thaL In the evwtt of a rMfkant drop In tw wÉll a[e to conynue the chariVs aJrrEnt artmlles vthlle cc)sfj(kntkn is giv to Way5 In vthlth ad(ltional furKds may rdlsed. ThLs level of re*Nes Ih4s nk•ntslnoS r. A &)ard of Tnjstees of up to gx meMS meet regularty to thlnlts OlIty. The Charfvs consVtuUon was a(k4kn1 20 2015.
AVENUE TENNIS CIO TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 The tnJ5teas who served dudng the year to the date of ggnature rf the finaThJal statnts yre.. Mr A R Ralner MrMIffeY Mr C A Jarvis Mr G M Jarvls Mlss C H JaNiS Mr K Grubb RayuItmentarnl8ppcyntsnt0r t7ust TNsteeg are appc4ntaJ annually at the Annual Cal Meetlng. The trustees, retx%t was ap by the B1rd IA Tn&ee5. Mrc Tr arvls Date..
AVENUE TENNIS CIO STATEMENT OF TRUSTEES, RESPONSIBILrrIES FOR THE YEAR ENDED 30 APRIL 2025 The trustees are responslNe for prwarfng the TnIs, Rwt and the finatKial Staents in acts)rdan wlth •• aptAicANe law and United ng(h)rn Accounting StarKkrts (UnIt ng(k)ffl (hErally Accepted Accwnll Practth). The law appl1e to charftles In EnglaThJ aThJ Wa$ uIr the trlteeS to Fyepare finaNial 5tstemwbts for eath finanaal year whlch glve a true ar falr wew of the state of affairs of the thartty asKJ the incomlrNJ resou$ and apICatiOn of resources of thè charity that year. In wepadng these flnanclal ststn, the are reqr&I to: - select suitstAe ac£ountlro pdkles and then at¥Ay them (M9SVy. - (Yb5Ve the methods and pr1ndp in the SORP; - make Ijements and estimates lJ)at are aThJ - state whether appllcatrAe aoJ]unVng thndards have fiJloW, to any matedal (parr disck)sed and explained in the financlal statements- and - prepa the finarla1 ten5 the Xng Ix)ncem basts unle55 tt Ls to preSUn that the charity 11 o)ntlnue In operation. The trustees are rewnsitrAe f(Y keeplng gjffident [ount{j rLdS that wlth rea9alk ac£ur3 at any time the financ1 $111 of the tharity a)atle them to ewre that the financial *atanents cOm[Y wth the •• arItIeS Act 2011, the Charty (Accounts and Retxxts) Regat)n$ 21M arKI the provisK)ns of Inlst deed. They are also reSrM)nSie for s7f4uardiThJ the assets the ttsrity aThJ reax)nable Ste for the prevOn and of frathl arKJ ots Irdarits.
AVENUE TENNIS CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AVENUE TENNIS CIO I to ttrE trustees on my examinatth of the fina$31 Tenn ao (the dkiity) for the year ended 30 WI12025. Responslbllitles and basis of report As the trustee5 of the chadty you are respe for the [wrat1 ¢ the flnanaal Statements In a(rA)rdan th the requ1ments of the thar6des Act 2011 2011 Act}. I rew)rt in reswl of my examlnathn of okniTVs finat¥Jal Stateft Orrt liOrI 145 cf the 2011 ACL In carrylng Jt my examinati( I have fkkn all al¢al DIrn5 glven by the Comm15sion secdon 145(5Xb) of IIE 2011 kt Independent examlnerf$ siatwnent SI the chari¥s gross income Exce& £250ll w)ur examlner must a memter of a body IISM in settion 145 of the 2011 Act l 0mi that l am quali1 to uThknke the eMIThation EErause l am a membff of IrtitUte of (Ykartered Aco)untsnts In Engkand aTKI Wales, whth Is of the lis txxlie5. Yrxjr attention Is drawn to the fact that the ha5 Fryaroj flnancial statrnts In accordatre with Accwnung and ReFX)rbng by Charlties prepaHThJ their accwnts In ac0Xdae th the Financial RertIng StarKJard apICable in the UK and RepuUic of Ireland IFRS 102) In to the Aojxnting RetM)rting by charl., Statnlt of Recommend pract Issu&J on l Apdl 2005 which Is referrel to In the extant regulations has now been tIraWn. l und¥starKJ that this has In cthr for finan(ial Stats to pr(NklÈ a InE a1 fair vlew In ac(trdan h GrallY NLcepted A(x(wntlTrJ for retKfftiTrJ teJlnnirvJ on after l January 2015. I have cornplet&J my examlnatbn. l ¢xHffirn) tl m matters have o)me tr) my attenil(m In K)ne1 wlth the examlnation gfvlng me caL¢se to bdve that in ary matejlal resixt: accwnting records were rK)t kept In respect of charity as Nuirej by SIc 130 of 2011 A¢. or the financlal statements th not accId wth th)se rd$, or the finandal statements ch) nc com Jy bmth aptA Thtle rwlrements c(KKwning the form arKI Ix)ntent of acc(xJnts set out in the chareS IAco)unts and Retxjts) Regulavons 2(X)8 other than any ruirement that the accnts gFve a true and falr vlew which is a matter CLI)dered as part of an independent examinatlon. I have no Ccn5 and have CO acTOSS Matte In wth Ihe examlnauon to whth attentjon slv)uld be drawn In thls rwrt In orthr to ble a pr(w UntaINlIng of the finarThl statements to k reached. Davld CromLye F.C.A Independent Examlner J.A.D. A5soclates Ltd 4 Bloors Lane Ralnham Kent ME8 7EG ,IQL S
AVENUE TENNIS CIO sfATEMENT OF FINANCIAL ACTivrrIES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2025 funds 2025 2024 Income Irorn: tk)natlon5 and loo,000 450,018 680,L%6 Totsl Inc4MMI 680,566 550.018 Expèndltsre on: Ral#ng funds Cfftarftsble 13,637 709,781 13.812 460,972 Total expendlthre 723,418 474,7PA Ilet IncthMI(expendityre) and fvnds {42,852) 75,234 R¢¢ondllatlon dfunds: Thj b31ances at l May 2024 280,157 204,923 Fund balances at 30 Aprfl 2025 237,305 280,157 statemert (f fln0JaI Indth all 971r arKI kLSSS In the year. Ail Ircome and Ewdltu rlve fr 0n1j a¢ts.
AVENUE TENNIS CIO BALANCE SHEEr AS AT 30 APRIL 2025 2025 2024 Tans4tde assets 106.309 119,946 Current assets 243,094 126,618 171,555 156,585 Cash at LK4nk kn harnl 369,712 328,140 Credlt¢Jrs: anwunts falllng due wlthln a year (238,716) <167,929) Net curr¢nt wets 130,9 160,211 Total assets less currert liabibtl•• 237,Y)5 280.157 Net assets exdudlng Ilablllty 237,5 280,157 The funds of the tharity Unresmtted fijnds 237305 280.157 237.305 280,157 The fina[al wue ...JqIA&I.v.,.- MrCA Trus
AVENUE TENNIS CIO NOTES TO THE FINANCIAL sfATEMEpirs FOR THE YEAR ENDED 30 APRIL 2025 Accounting policies Charity informatlon Avenue Tennis CIO is a publlc Lefit entity a registeroj ¢Skarlty In England and Wales and l. unIrKorwral. The a(kIr of the wlndpal offkE is Feathth Road, alllngham, Ke¢ ME8 6AN. 1.1 Accountlng convention The flnandal statements have trEen epar1 In acoxdarKe the charivs [govemlng (k)cument], the CharItS Act 2011, FRS 102 The FinarKial StatKianl aptAi(3ble in the UK aThJ RepuNlc of Irdand" fFRS 1021 atMI the a)aritte5 SORP 'ActwntitvJ and Rwrbng by Charltles., SlBtemt of Recommended Prattlce appllcable to cFk3ribes wqmrlng their acctmjnts in a(xxMtare with the Finanthl Rep)rtiThJ Standarnl applicable In the UK Rewtlk of IrdarNJ {F$ 102). {eff&live l Janry 2019). The charlty Is a Publlc Benefit Entity as d&lwl lry FRS 102. The char1ty has tsk advanty tthskns In SORP drItieS not b prepare a 5&tEnt of Cath Flows. The finanaal statements have dq)art8J from the CharlUes (Accounts arKI RetK)rts} R8JuIaticS 2CQ8 only to the extent reqUIr to FThi(k a true a1 frdir wew. This departurt ha5 lnvdvj ftAlowing the StsteMt of Recommend Fknctl for charities apTv4 FRS 102 rathw than the ver( of the Statement of Rerfjmmend Pra1 whldi Is referr&1 b) In Ihe Rojulatb5 vthkh has SIn thdraWn. firn¢la1 ststeMts are wepared In SlIJ, whith Is the fuThlhThl of the Chaty. mCry amounts In these fina01 statemwts are rcmjrthl to the E. The flnanclal ststats have uThJer the hlst(ml cost convent#)n, [mcxJffid to Inde the revaluatlon of freehdd pyopertles arKI to Irude InVestt protty and certain financlal 1rtstruMts at fair value]. The prtndpal accounting tM)li(ies a(hWd are below. 1.2 Going concwn At the dme of approwng the finandal Statements, the fnrtee5 have a reasonable expectsuon that the charlty has adequate rer to continue in wabonal exist?J f(Y the foeae fuiure. Thus the trLBtees conljnue to adopt the going a)rYrn basis of ntIng In FY4kiriTrJ the flrkiThJal statnents. 1.3 Charltable fvndg Unrestrict6Y furKls are avaIlate ft* e at the dLgJeUon Lf the trustee5 in fUrthan of their charftable obFcbves. Restricted fu$ are to spedflc condttkns by d(XKXS grantS as to how they may be The purposes and uses of the restrtrtaj fuThts are sd out fft the TKts to the finar¢clal ststements. En(kiwment ndS are subject to wific (x)rK11t5 by tknors that the catitsl must maints[nl by the charity. 1.4 Income Income Is reccxjnlsed then the charty is tItleI tr) it ats any fOrmale condlU¢x)s have been mel the amounts be reliaity, aj 5t is wcthtAe that in(Dme vvill I I7ve. Cash dOnaonS are tECugnI5 on relpL Other IkThtl(ML5 are reoyjnlsed once the drity has been notifled of the donatl(N), unless [f0Ma[e rÉNure of the anK)unt. Income tax 0Verable In latKx) to datIorl5 undw Glft Aid or de of covenant Is recognlwl at the time of the donath)n.
AVENUE TENNIS CIO NOTES TO THE FINANCIAL sfATEMENTS {coKfINUED) FOR THE YEAR ENDED 30 APRIL 2025 Accounllng poll¢ias {Contlnued) Legacie5 a rerc•Jnls&l (m receipt or othSe If the drIty ha5 notitlej of an imwdlng d15tNbutK)n, the arnnt Is kno1, and FPt Is ex. If the awuDt 15 not knCYW the 18Jw Is treated as a cCttgt asset. 1.5 Expendlture Expenditure 15 recogrised there ts a IjaI c£ffl#trtIve 0193110 iD ts?nsf urK)MIC bs)efit to a third party, It is prlknble that a transfer tneffts w511 be required In setvement. and the amount of the (Ijllgatlon can tre meagjred rellay. ExpenditLJre is ckissifl&J by advlty. The (Dsts of eath actmty are made up of the total of dirett costs arK£ shar1 costs, irdudirMJ 5UFwi costs Involved in undwtsklro each activity. DitECt Costs attritatIe to a single activtty are allocated directly tr> that activty. SINiroJ costs cOrrtrttte to more than one actywty aNJ sUpt Costs which are mt attritb to a SIle are alV)rtior IEhveen dM)se activitEs on a basls consistent with the use of resc. CtraI stsff ccsts are all{ted on the basis ljme spent, depreckuon tharges are alkKated on t1 of the assevs u. 1.6 Tangible fixed assots Tangilje fix&1 assets are Inlually measJr&l at cost ard gjbswity measuroj at cost ¥al10n, rt of deweciation and any Impalrment DevlatIO Is QgnI1 as to Wte df the o)5t or valualjon of asts kn their rdUal values over thelr useful lives on the frAlowing bases: Leasehdd Improvements Equlpment 10% strdight Ilne 20% r&lwr¥J b31arKe The galn or loss allrj C ttE 1th4xwI ( an asset Is demlin as the thffercYKe 1tWe the sale prieeds and the carrylng value of ithe art aEKI n1j In the slathent of flnaKlal aclivibe 1.7 Impalrment of fixed assets At each rep)rtlng erKI date. the charity rev1th amoLtnts of Its tangltAe ass¥s to determlne whether there is any indicatton that t1 assets have an Impalrment lo If any yjch indF(3tion exlsts, the recoverable amoijnt of the asset ts estimat in Ord to determine the extent of the IM[1rMt loss (If any). 1.8 Cash and cash equivalents Cash 8nd cash 8]uivBlents IndLwJe cash in ha1, heki at oll banks, cts thort-term Ilquid Investments Mth orfginal maturlties of three rrN)nths cr less, arKI bank ovudrafts. Bank OVrafts are shown wlthin tx)rro[ in curmt Ilabllltl&. 1.9 Financlal Instruments The charlty has elerted to aFWy wovith of Sejion 11 'Balc Hnarnial tthuments, a1 Secbon 12 'Other Flnanclal Instruments of FRS 102 tr) all of tts finarKJal Instmmen naThdal Instnjments a reuXLsl In the drity$ lare st when the charlty LEc(thes party to the contractual provIors of in*rument. naK4èl ass&s liatMlith> are offse¢ with ts net anM)unts in fironclal ststanents, wh there Is a allY enfOrceale right to set off the rI¥JniS arrnts arKI there Is an Intentk)n to settle on a net ba$15 or to lIse the assd and sewe the Ilability simLlltaneousty.
AVENUE TENNIS CIO NOTES TO THE FINANCIAL sfATEMEKrs (coKrINUED) FOR THE YEAR ENDED 30 APRIL 2025 Accountlng polklas (Continued) Basic financlal assets, whlth IrKlude debtc¥s a1 c2sh and t?¢ balances, a Initially measured at transaction pri including transacth)n cc6ts aThJ are carrfed at am11 c05t ulng the eff1ve interest method unless the arrangeMt o)nSlltut a finanarKJ trdnSactiC. where the trawction Is measwed at the present value of the futLre recdpts dIscoUnt at a markd rnte of Int. Finan(ial assets cla5sfied as receivable wthin cne year are not amortlsed. Baskfinandalllabllldas Baslc finanaal Ilabilities, includirvJ credltcvs and nk l(NHns are Initially rn1j at transaction prtce unless the arrangement con5Utute5 a finanarrfJ tran&7CUc, where the debt instrument Is measured at the present value of the futsjre payments dixountsj at a market rate of intvesL nala1 Ilatfjllljes da55ifled as payable wlthln one year are not anKJrtiJ. Oebt Instruments afft benty carrfd at anTr)rtlsed ¢t, ugng the interest rdte methoy. Trade aEditors are (kAigations to pay for that have IEen acquired in the ordinary course of Cwdtions from supplier& Am(xJnts wable dasslfl&1 as curMt liatxltttes If paYMt Is due withln one year or less. tf nc, they are presertted as ncrpcurrent IlaLYIIUes. Tr (Tedltors are rognISed inIallY at tran5acti)n prf and subso]uendy mea at anKtil uslng the effve int&t method. Derwnition of finanaal Ilabllltles Flnancbal liabilib85 are derswnlsed s%then dwrivs t[traCtUal otrAlgaVons e4ire (r are dlschargal or catxelled. 1.10 Employee benefits The cost of any Unl1 hotlday titlertt Is the pthc#J in whith the employee's seNiC&S are reNed. Terminati are rn1$&j Imm&lkatdy as an e> vkn tharfty Is d}nStratY mmitted tr) tern)Inate the empknrnt of an emFAwe or to wovkle tminatlcffl lefiL Criliol acc4)untlng estlmates and Judganents En the aF¥licatlon of the tttarivs c(Inti[vj F(dlts, trustee5 are r11 to make judgemwts, estimates and asgjmpttons atxxjt the orrying arfKMJnt of as*ts and liatlItieS that are rK)t readily apparent from other sources. Tr estimates and amiatoj assum are on tustorical experlerKe aThJ other factors that are 51thl to be relevanL Adual mlts may dtFFer from tIE5e tIMa The estSmates and underlying a%ufflplkwLS are reWed an woing basis. Revislons to accountlng estimates are re[[NJned in the tri(X1 in whith the ethmate is the rOn affects only that period, or In the of [S)n aThl future whe the WSK)n affts both current and future Income from donatlons and legacies Unrestrfcted Unrestrlcted funds funds 2025 2024 tk)naYons and glfts 500 ioo,o(x)
AVENUE TENNIS CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Income from donatlons and legades (Continued) Income from tharltable actlvltles UnreStr1rt Unrestricted funds 2024 2025 Charltsble actlvltles Sale of 9d5 680,066 450,018 Expendlthre on ralslng funds funds 2025 funds 2024 Fundraising and publioty Depreciation aThJ impairment 13,637 13,812 Expenditure on tharitsble athilies nds 2025 funds 2024 Dlrect costs Purchases 675,084 427,134 Share of support and governance costs (see te ) GI)an 34,697 33,838 709,7BI 460.972 Analysls by fund Unrestrlct8J fvnds 709,781 460,972 10-
AVENUE TENNIS ao NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Net movement in funds 2025 2024 The movement in futKts is stated aftw tharglngl(¢JEdftiThJ): Fees payabk for the IrKindent exam1nauc (( the dritS finarmial tements Depre(iat¥)n of own1 tsngible fix&1 a&sets 300 13,637 275 13,812 None of the (or any IS(m5 (X)ll1 7Aryth them) r1 any remna or lnefts the tharlty durtng the year. IQ Employees The average monthly numLw of duriry ttE wa5: 2025 Number 2024 Number Totsl There were no em[A0y annual reMuati(fft was nwxe than £60,0(K). 11 Taxation The charlty Is exemE from taxati( ffl Its acomtles because all Its Is atwlal dkiritable Wr. 12 Tanglble flxed assets L83s8hold Ewlpnwt Total At l May 2024 129.394 7,118 136,512 At 30 April 2025 129,394 7,118 136,512 Depreclatlon and impalrnnt At l May 2024 Depredatyon Charg In the year 12,939 12,939 3,627 698 16,566 13,637 At 30 WI 2025 25.876 4,325 30,203 Carrying amount At 30 Aprll 2025 103,516 2,793 106,309 At 30 April 2024 116,455 3,491 L19,946 11
AVENUE TENNIS CIO NOTES TO THE FINANCIAL sfATEMEpirs (coKriNUED) FOR THE YEAR ENDED 30 APRIL 2025 2025 2024 Amounts falllng due within one year: Trade debto 243,094 171,555 14 Cnditors: amounts falllng due wlthrn one year 2025 2024 OtPw tsxatron and 9Jdal sajjrlty Trade (yedltors AccalS aNJ deferr&J income 5,302 232,379 1,035 5,353 161,526 1,050 238,716 167,929 15 Unrestrlcted funds The unre5ttlct&J funds of the tharlty comfv the balariw of donatK)ns ar grants which are not SUk>J to speclflc conditl(M)s LN (k)n(xs aThJ grantor5 as to how lfv may LE uwj. The Indude de51gnated whlch have Set a51de of Unrestritt by the tNsLEes for spaific purwses, At l May Incoming Resourc At 30 April 2024 resources expended 2025 Cal funds 280,157 680,566 (723,418) 237,305 Previous year: At l May Incoming Re%wrceg At 30 Aprll 2023 resources expended 2024 Genwal funds 204,923 550,018 (474,784) 280,157 16 Related party transactions There m disclosable Iat8 party trantr(Y duriThJ the (2024 - none). 12-