Company registration number.. 09969536 Charity registration number.. 1172899 BRIGHT IDEAS FOR TENNIS TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
Bright Ideas For Tennis Contents Page Trustees, Report Independent Examiner's Report Statement of Financial Activities (including Income and Expenditure Account) Balance Sheet Notes to the Financial Statements 8-12
Bright Ideas For Tennis Company No. 09969536 Trustees. Report For The Year Ended 30 June 2025 The trustees present their report and the financial statements for the year ended 30 June 2025. Objectives and Activities Aims and Objectives Bright Ideas for Tennis aims to get more people playing tennis by supporting tennis venues in the UK by helping to increase membership numbers, rèising participation levels, ènd improving playirbg facilities. Bright Ideas for Tennis provides clubs with a means to generate funds in order to develop their existing coaching programme, or to complete larger capital projerts such as floodlighting or court resurfacing. Public Benefit The Charity's objectives are for the Public Benefit to promote community participation in healthy recreation by providing or a5515ting in the provisions of facilities for playing tennis. Our mission is to provide opportunities for people who wouldn't otherwise get the chance to experience tennis, especially those with sensoryi learning or physical disabilities. We use the power of tennis as a vehicle for change, empowering individuals to grow both on and off the court, making a lasting impact on their lives. The trustees confimi that they have complied with the requirements of sertion 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Achievements and Performance Main Achievements As we reflect on 2024-25, we are struck not only by how much we have achieved as a charity, but also by the far-reaching impart our work has had on individuals, families and communities across the UK. An increase in general fundraising, efficiency improvements to our annual 24hr Tennis Marathon fundraiser, coupled with the establishment of 2 Corporate partnerships has seen a 30% increase in overall turnover leading to a surplus of £46K {compared to a deficit of £40K in 20231241- This year, we have seen our I Play 30 inclusive tennis programrne flourish. with over 160 venues now providing free weekly tennis sessions to people with disabilities. We have also strengthened our connections with schools, ensuring hundreds of pupils, particularly those with special educational needs, experience the physical and mental benefits of tennis. Beyond developing physical skills, we have witnessed pupils build resilience, independence and life skills that extend well beyond the court. None of this would be possible without the generosity of our donors, the dedication of our volunteers and coaches, and the support of our partners. Whether it has been through taking part in our 24 hour fundraising challenges, coaching on court, or lending expertise behind the scenesi your contributions have been vital to our Sucss. Plans for the future Our progress to date has been exceptional, however to continue to grow. and to maintain our high levels of service, various steps need to be taken. With this in mind, Bright Ideas for Tennis have created a 5 year plan where our overriding goal has been set for our I Play 30 programme to expand to 500 venues by 2029, directly enriching the lives of approximately 30,000 people. For this to happen, we will need to continue to expand our workforce, something we can only achieve if we are able to raise more funds. Therefore. our short term goal is very much financial. Over the coming year, we aim to secure a main corporate partner. source individual donors willing to support our cause for multiple years, and to apply for, and win, several larger grants. Flnanclal Revlew Financial Position The total income for the year was £300,248 (2024: 228,434) and expenditure £254.221 {2024.' £268,786) resulting in a net income/(deficit) of £46,02712024'. Deficit £40,352)- Page I
Bright Ideas For Tennis Trustees. Report (continued) For The Year Ended 30 June 2025 Reserves Policy Unrestricted and restricted reserves may be held for any project to fund up to twelve month's operations. Operational reserves should cover three to six month's operational costs. unless otherwise agreed by the board of trustees. We have worked hard to build our base of operational reserves up to this level and are pleased to see this yearfs surplus achieve this. The level of unrestricted reserves at the year-end was £143,653 {2024.. £97,626). Page 2
Bright Ideas For Tennis Trustees. Report (continued) For The Year Ended 30 June 2025 Structure, Governance and Management Governing Document Bright ideas for Tennis is a company limited by guarantee governed by its Memorandum and Articles of Association dated 26 January 2016. It 15 registered as a charity with the Charity Commission. Trustee Selection Methods New trustees are appointed by the existing trustees on the basis of the skills and experience required. Risk management The trustees have assessed the major risks to which the charitable company is exposed and are satisfied that system5 are in place to mitigate exposure to these risks. Reference and Admlnlstratlve Detalls Trustees Mi55 Lucy Shuker Mr Stuart Rhodes - Chairman Mr Nick Baglin Mr Esah Hayat Mr Barry Fulcher Miss Jackie Jeromson (resigned 3010712025) Mr Nick Adams (appointed 22101/2025) Mr Christopher Sanders (resigned 3010712024) Mr Baroness Billingham (resigned 3010712024) Mr Jamie Baker Mr Neel Sachdev (appointed 2811012025) other Personnel stuart Rhodes - Chairman D Sapsford, Charity Nanager - Key management personnel Charity Number 1172899 Company Number 09969536 Reglstered Office The House Monson Road Tunbridge Wells TNI ILS Independent Examiner RBCA Limited Chartered Accountants 26 Linenhall Street Belfast BT2 8BG Page 3
Bright Ideas For Tennis Trustees. Report (continued) For The Year Ended 30 June 2025 Other Information Disclosure of information to independent examiners We, the Directors of the company who held office at the date of approval of these Financial Statements as set out above each confirm, so far as we are aware, that.. • there is no relevant information of which the independent examiners. are unaware; and we have taken all the steps that we ought to have taken as dirertors in order to make ourselves aware of any relevant inforniation and to establish that the independent examiners. are aware of that information. statement of Trustees. Responsibilities The trustees (who are also the dirertor5 of Bright Idea5 For Tennis for the purposes of company lawl are responsible for preparing the trustees, report and the financial staternents in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustee5 to prepare financial statements for each financial year. Under company law the trustees must not approve the financial Statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: selert suitable accounting policies and apply them consistently: observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and pnjdent; state whether applicable accounting standards. comprising FRS 102 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 charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detertion of fraud and other irregularities. Small Company Rules This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Att 2006. The trustees, report was approved by the board of trustees and signed on its behalf by: Mr Stuart Rhodes Trustee Date Page 4
Bright Ideas For Tennis Independent Examiner's Report to the Trustees of Bright Ideas For Tennis For The Year Ended 30 June 2025 I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2025. Responsibilities and Basis of Report As the charity trustees of the Company {and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Att 2006 ("the 2006 Att"). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respert of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under settion 145(5) (b) of the 2011 Act. Independent Examiner's Statement Since the 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 I am a mernber of Chartered Accountants Ireland, 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- l. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act- or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination; or 4. 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 applicable to charities preparing their accounts 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 connertion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. RBCA Limited Date Chartered Accountants 26 Linenhall Street Belfast BT2 8BG Page 5
Bright Ideas For Tennis Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 June 2025 2025 2024 Unrestricted Unrestricted funds funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 300,248 228,434 EXPENDITURE ON: Raising funds Charitable artivities.. Provision of tennis activities (29,775) (42,4211 (191,4351 {9,743) { 195,0381 (5,9351 12,5851 (3,982) (18,8251 24 Hour Marathon costs Insurance Accountancy Marketing {4,049) (19,2191 (254,2211 {268,7861 NET INCOME/(EXPENDITURE} 46,027 (40,352) NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward 46,027 (40,3521 97,626 137,978 TOTAL FUNDS CARRIED FORWARD 143,653 97,626 The notes on pages 8 to 12 form part of these financial statements. Page 6
Bright Ideas For Tennis Balance Sheet As At 30 June 2025 2025 2024 Unrestricted funds Total funds Notes CURRENT ASSETS Cash at bank and in hand 145,093 99,066 145,093 99,066 Creditors: Amounts Falling Due Within One Year (1,440) 11,4401 NET CURRENT ASSETS (LIABILITIES) 143,653 97,626 TOTAL ASSEfs LESS CURRENT LIABILITIES 143,653 97,626 NET ASSETS 143,653 97,626 FUNDS OF THE CHARITY Unrestricted Funds 143,653 97,626 TOTAL FUNDS 143,653 97,626 For the year ending 30 June 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the charitable company to obtain an audit in accordance with sertion 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. On behalf of the board Mr stuart Rhodes Trustee Date The notes on pages 8 to 12 form part of these financial statements. Page 7
Bright Ideas For Tennis Notes to the Financial Statements For The Year Ended 30 June 2025 l. General Information Bright Ideas for Tennis is a private company limited by guarantee. registered in England and Wales. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The company is registered as a charity with the Charity Commission of England and Wales. The Charity Number is: 1172899 The Company Number is.. 09969536 The address of its registered office is- The House, Monson Road Tunbridge Wells TNI ILS 2. Statement of Compliance The charity constitutes a public benefit entity as defined by FR5102. The financial ststements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006. and UK Generally Accepted Accounting Practice. 3. Accounting Policies 3.1. Basis of Preparation of Financial Statements The charity does not include a cash flow statement on the grounds that it is applying FRS 102 Section IA. Bright Ideas for Tennis meets the definition of a public benefit entity under FRS 102. The financial statements are prepared on a going concem basis under the historical cost convention, modified to include certain items at fair value. 3.2. Going Concern Disclosure The trustees have identified material uncertainties related to events or conditions that may cast significant doubt about the charitable company's ability to continue as a going concern. however. the going concern basis remains appropriate. 3.3. Fund Accounting Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Trust's work or for specific projects being undertaken by the charity. 3.4. Incoming Resources All incoming resources are included in the Statement of Financial Activities {SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. Gift aid tax recoverable is recognised on the date of the respective donation. Fundraising income is recognised on the date of the event taking place. 3.5. Resources Expended Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. Expenditure is classified under the following artivity headings.. Raising funds These are costs incurred in fundraising events. Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of providing tennis coaching and activities undertaken to further the purposes of the charity and their associated support costs. Page 8
Bright Ideas For Tennis Notes to the Financial Statements (continued) For The Year Ended 30 June 2025 3.6. Cash and Cash Equivalents Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks. other short-tem highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts. 3.7. Financial Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Where investments in share5 are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impaim)ent. Other financial instruments, including derivatives. are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate. in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. other financial instruments are subsequently measured at fair value. with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost a reviewed for objective evidence of impairment at the end of each reporting date. If there is objertive evidence of impairment, an impaimient loss is recognised under the appropriate heading in the staternent of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk charatteri5tics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carying amount would have been had the impairment not previously been recognised. 3.8. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 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 are applied exclusively to charitable purposes. 3.9. Debtors and creditors Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. 3.10. Presentational currency and level of rounding The presentational currency is £ and the level of rounding is to the nearest £. Page 9
Bright Ideas For Tennis Notes to the Financial Statements (continued) For The Year Ended 30 June 2025 4. Income from Donations and Legacies 2025 2024 Unrestricted Unrestricted funds funds Donations and gifts Gift aid Grants loo,000 45,668 154,580 97,500 24,375 106,559 300,248 228,434 5. Analysis of Expenditure 2025 Activities undertaken directly Raising funds Provision of tennis attivities 29,775 191,435 9,743 4,049 19,219 24 Hour Marathon costs Accountancy Marketing 254,221 2024 Activities undertaken directly Raising funds Provision of tennis activities 42,421 195,038 5,935 2,585 3,982 18,825 24 Hour Marathon costs Insurance Accountancy Marketing 268,786 6. Independent Examiner's Remuneration 2025 2024 Independent examination of the financial statements Other assurance services 1,597 1,452 Tax advisory services Other financial services 1,597 1,452 7. Average Number of Employees Average number of employees during the year was: NIL (2024.. NIL) Page 10
Bright Ideas For Tennis Notes to the Financial Statements (continued) For The Year Ended 30 June 2025 8. Creditors: Amounts Falling Due Within One Year 2025 2024 Accruals and deferred income 1,440 1,440 Movement in Funds As at l July 2024 Asat30 June 2025 Income Expendlture Unrestricted funds General= General unrestricted fund 97,626 300,248 {254,221) 143,653 Total funds 97.626 300,248 1254,221) 143,653 As at l July 2023 Asat30 June 2024 Income Expenditure Unrestricted funds General- General unrestricted fund 137.978 228.434 1268,786) 97,626 Totsl funds 137.978 228,434 1268,786) 97,626 10. Transactions with Trustees None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year. No trustee expenses have been incurred. I l. Related Party Disclosures No trustee received any remuneration or expenses in the year. (2024: £NIL)- Key management personnel received £81.950 in the year. (2024: E70.000). Page 11
Bright Ideas For Tennis Notes to the Financial Statements (continued) For The Year Ended 30 June 2025 12. Analysis of net assets between funds Unrestricted funds Total funds at General 30 June 2025 Current assets 145,093 (1,440) 145,093 {1,440) Current liiabilities Total net assets 143,653 143,653 Unrestricted funds Total funds at General 30 June 2024 Current assets 99,066 (1,440) 99,066 (1,440) Current liabilities Total net assets 97,626 97,626 Page 12