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2024-03-31-accounts

Charity Registration No. 1173079

Tennis First

Annual Report and Financial Statements For the Year Ended 31 March 2024

Tennis First

Contents of the Financial Statements for the Year Ended 31 March 2024

Page
Legal and administrative information 3
Trustees’ and Director’s report 4-7
Independent examiner’s report 8
Statement of financial activities 9-10
Balance sheet 11
Notes to the Financial Statements 12-18

Tennis First

Legal and Administrative Information for the Year Ended 31 March 2024

TRUSTEES: Simon Ellen Ian Edward Lianne Firth Doug Fordham Joe Garner Brendan Gilson Stephanie Hauser Mark Laurence Chris Perrin Suzi Riley DIRECTOR: Ken Weatherley REGISTERED OFFICE: Westbrook House Fairfield Road Shawford Winchester SO21 2DA CHARITY NUMBER: 1173079 (England and Wales)

INDEPENDENT EXAMINER: R A Leslie & Co. LLP Chartered Accountants Gowran House 56 Broad Street Chipping Sodbury Bristol BS37 6AG

3

Tennis First

Trustees’ Report for the Year Ended 31 March 2024

The Trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s foundation, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)”.

Objectives and Activities

The main objectives of Tennis First (“TF”) are as follows;

The Trustees confirm that in the year under review they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the aims and objectives of TF and in planning future activities and setting grant making policy.

TF carries out these objectives by grant aiding promising young players, in particular those who are unable to financially compete equally with their peers. Grantees are therefore offered the opportunity for financial assistance with coaching and physical development, but in particular for travel to international and domestic competitions in order to develop their skills.

4

Tennis First

Trustees’ Report (Continued) for the Year Ended 31 March 2024

Achievements and performance

The Directors Review

Tennis First (TF) has continued to expand its Get Ready! Programme (for 7-10 year olds). It’s Grants Programme offers grants to young players who, in the opinion of the Grants Board, have the potential to become tennis players ranked 250 and better in the world according to the ATP/WTA rankings, thereby inspiring the nation to play tennis. TF awarded grants to 43 players for the year ending 2024.

Get Ready!

Get Ready!, the brainchild of trustee Suzi Riley, was based on her research as consultant to the LTA which indicated that an overwhelming majority of players who entered the top 100 of the ATP rankings were already playing top (international) class tennis competitions by the age of 12U. Working backwards from 12, it seemed logical that top players needed to be competing internationally at 10U and 11U, and developing their tennis from 7-10. Get Ready! sets out a training programme which will deliver the best prospects to international class tennis competition at the age of 10, and measures the progress of players on an ‘on track’ basis. (It should be stressed that players on a Get Ready! programme are not precluded from playing other sports – merely prioritising tennis.) Five venues were selected for the initial trial. In 2023, Get Ready! expanded to include two new venues, The Northern Manchester and NexGen Academy Graves. The principal ambition of Get Ready! is to prepare players to enter international class competitions. An additional benefit for GB tennis is that Get Ready! will produce more competent players, heightening their enjoyment of the sport.

In addition, Get Ready! includes an annual national tournament for 9 and 10 year olds. 8 players from each division (Boys and Girls 10U & Under, and 9 & Under) were invited to play at the National Tennis Centre in Roehampton in April 2024. This event provides an opportunity for Tennis First to see the level of players coming through and also for players and their parents to learn more about the charity.

The Grants Programme

The change to include players in the 11U age group has worked well and should help grantees to compete in Tennis Europe events both at home and abroad, so enhancing their prospects of gaining access to the best European events.

Trustee Suzi Riley invited relevant grantees to a training camp in Bolton prior to the 12U event in Wrexham at the beginning of April which was well received. 250 Alumna (250) Jodie Burrage reached a new career high 109 in the same month, so close to the magic 100 which she would achieve in June. Alumna (A) Hannah Klugman and grantee (G) Ben Gusic-Wan excelled at the 16U Nationals, taking home winners trophies.

In the grass court swing leading to Wimbledon Katie Boulter (250) won her first WTA event at Nottingham (beating Burrage in the final) and reached the 3[rd] round of Wimbledon, starting a series of career high rankings which would culminate in a top 30 position by the end of the March 2004 with another title in San Diego. At Wimbledon, Henry Searle (A) won the junior event, a huge achievement, the first by a British male since 1962.

There were National titles through the summer for grantees (G) Ginny Chen, Pekko Pfundstein and Sophia Cunninghame in the 11Us; for Liv Zingg in the 12Us; and for Hollie Smart and Niall Picker-Barua in the 14Us. Smart also won ITF titles in Rhodes and Loughborough and Amarni Banks (G) reached the final of the ITF event in Shrewsbury in the autumn.

There were two more significant events to close the calendar year. First the ‘Through the Ages’ dinner at the All England Club, where we were delighted to host Jodie, Jack Draper (250) and Liam Broady (250) (interviewed by John Inverdale) as well as a flying visit from Emma Raducanu (250) who had just landed from Hong Kong! And once again we were grateful for the support of diners who enthusiastically raised funds for our grantees. A triumph at the main event (18 & Under) at the Orange Bowl in Florida is always significant, the more so when the winner is only 15! All hail Hannah Klugman (A) – a remarkable achievement.

After a series of injuries Kyle Edmund (250) welcomed the New Year with back to back M25 wins. Banks has also not been short of injuries to hinder her progress, so it was good to see her triumph in the ITF event in Traralgon, Australia, which took her ranking to 270.

5

Tennis First

Trustees’ Report (Continued) for the Year Ended 31 March 2024

Financial review

The charity is grateful for the support of the Lawn Tennis Association (LTA), the Wimbledon Foundation and several corporate and individual donors. The remaining income is generated through fundraising events. Income for the year ended 31 March 2024 was £384,928 (2023 - £215,131). Total expenditure was £385,862 (2023 - £353,431) which resulted in a deficit of £934 (2023 – deficit £138,301) and total funds carried forward of £327,460 as at 31 March 2024.

Reserves Policy

The Trustees review the Charity’s reserves policy annually and after taking into account the guidance issued by the Charity Commission. With this guidance in mind and given the uncertainty of success in annual fundraising, when set against the need for consistent financial support over multiple years for our grantees, the Trustees have concluded that the Trust should hold in its Reserves a sum in excess of the projection for the next year’s grants (currently £200,000), as a minimum. The reserves held should reflect the normalised level of fundraising from regular activities when compared to the budgeted grants total and any shortfall should be added to the minimum total. The reserves are all held in cash deposits with banks regulated in the UK by the FCA and amounted to £401,930 as at 31 March 2024 which is sufficient to cover the policy.

Cash flow forecasts will be used to determine the liquidity requirements of TF and deposits will be made accordingly. In order to protect capital all cash funds will be deposited with a UK regulated bank that is covered through the £85,000 Financial Services Compensation Scheme. The maximum maturity date is 365 days. Interest will be maximised in line with cash flow liquidity requirements. No financial instruments will be used. No other investments will be permitted. The investment policy will be reviewed by the Trustees annually. The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Risk Policy

The Trustees have given consideration to the major risks to which the charity is exposed in a Risk Assessment and have satisfied themselves that systems and procedures exist to manage those risks. A Risk Assessment will be undertaken and reviewed by the Trustees annually.

Safeguarding Policy

The Trustees of Tennis First currently have no direct dealings with children and vulnerable adults. However, the Trustees recognise and take seriously the associated responsibilities incumbent upon them. The role of Tennis First is to provide financial support to its grantees. Nevertheless, it requires the Director to be DBS (Disclosure & Barring Service) checked and has appointed Trustee Lianne Firth as its Safeguarding Officer. Additionally, the Trustees require that any Trustee and Colleague who may be likely to come into unsupervised contact with a grantee to be DBS checked, and all Trustees and Colleagues agree to do this when signing the Code of Conduct. Tennis First also confirms via the Lawn Tennis Association (LTA) website, that all coaches to grantees of Tennis First hold current LTA licenses (To qualify for an LTA licence the applicant must have a valid DBS check and must comply with the British Tennis Safeguarding Policy formulated by the LTA.) The Safeguarding Policy is reviewed by the Trustees annually.

6

Tennis First

Trustees’ Report (Continued) for the Year Ended 31 March 2024

Structure, governance and management

Tennis First (TF) was granted Charitable Incorporated Organisation (CIO) status on May 18 2017 and succeeded The Tennis First Charitable Trust (established April 29 1999 and ceased trading 31 July 2017) by beginning to trade on August 1 2017 with the charitable number 1173079. The governing body of the charity is its Board of Trustees, who are required to meet at least twice a year. The Board met four times in the year under review. The Board elects the Chair. All members give their time on a voluntary basis.

The Trustees who served during the year of the financial statements were:

Simon Ellen (Chair to 27/02/2024) Ian Edward Lianne Firth Doug Fordham Joe Garner (Chair from 27/02/2024) Brendan Gilson (from 05/12/2023) Stephanie Hauser (from 27/02/2024) Mark Laurence Chris Perrin Suzi Riley

New Trustees are appointed by a resolution of the Trustees at a special meeting and are elected for a 3 year term which may be renewed for 3 further terms. The Trustees make all the substantive decisions relating to the charity and its activities. The day-to-day management and administration of the Charity is undertaken by the Director, who became an employee of the charity from April 1 2021, supported by consultants covering administration, social media and bookkeeping. A Grants Board reviews and makes recommendations to the Trustees on applications requesting grant funding from the charity. The work of the Grants Board is guided by Terms of Reference reviewed annually by the Trustees.

New trustees are made familiar with their legal obligations under charity law, the committee and decision-making process and the recent financial performance of the charity. Trustees are appointed by existing Trustees having regard to the skills, knowledge and experience needed for the effective administration of the charity. The Trust Deed states that there should be a minimum of 3 Trustees. The Trustees' Report was approved by the Board of Trustees.

7

Tennis First

Independent Examiner’s Report to the Trustees’ of Tennis First for the Year Ended 31 March 2024

I report to the Trustees on my examination of the financial statements of Tennis First (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the Trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since the charity’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 I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

  2. the financial statement do not accord with those records; or

  3. the financial statement do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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 to enable a proper understanding of the financial statements to be reached.

R A Leslie and Co LLP Signed on 31/10/24 @ 12:13

R A Leslie & Co. LLP Chartered Accountants Gowran House 56 Broad Street Chipping Sodbury Bristol BS37 6AG

5 October 2024

8

Tennis First

Statement of Financial Activities Including Income and Expenditure Account for the Year Ended 31 March 2024

Current financial year

Notes
Unrestricted
funds
2024
£
Restricted
funds
2024
£
Income from:
Donations and legacies
2
227,662
-
Other trading activities
3
153,594
-
Interest received
4
3,672
-
Total income
384,928
-
Expenditure on:
Raising funds
5
181,270
-
Charitable activities
6
204,592
-
Total resources expended
385,862
-
Net income/(expenditure) for the
year/
Net movements in funds
(934)
-
Fund balances at 1 April
322,439
5,955
Fund balance at 31 March
321,505
5,955		 Total
2024
£
Total
2023
£
227,662
160,492
153,594
52,342
3,672
2,297
384,928
215,131
181,270
153,892
204,592
199,539
385,862
353,431
(934)
(138,301)
328,394
466,695
327,460
328,394		 Total
2023
£
160,492
52,342
2,297
215,131
153,892
199,539
353,431
328,394

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

9

Tennis First

Statement of Financial Activities Including Income and Expenditure Account for the Year Ended 31 March 2024

Prior financial year

Notes
Unrestricted
funds
2023
£
Restricted
funds
2023
£
Total
2023
£
Income from:
Donations and legacies
2
160,492
-
160,492
Other trading activities
3
52,341
-
52,341
Interest received
4
2,297
-
2,297
Total income
215,130
-
215,131
Expenditure on:
Raising funds
5
153,892
-
153,892
Charitable activities
6
199,539
-
199,539
Total resources expended
353,431
-
353,431
Net income/(expenditure) for
the year/
Net movements in funds
(138,301)
-
(138,301)
Fund balances at 1 April
460,740
5,955
466,695
Fund balance at 31 March
322,439
5,955
328,394		 Total
2022
£
249,731
134,896
2,109
386,736
139,131
159,397
298,528
88,208
378,487
466,695

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

10

Tennis First Tennis First
Balance Sheet
31 March 2024
2024 2023
Notes £ £ £ £ £
CURRENT ASSETS
Debtors 11 8,126 637
Cash at bank and in hand 401,930 407,732
410,056 408,369
CREDITORS
Amounts falling due within one year 12 82,596 79,975
NET CURRENT ASSETS 327,460 328,394
INCOME FUNDS
Restricted funds 5,955 5,955
Unrestricted funds 321,505 322,439
327,460 328,394

The charity is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for:

The financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies’ regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 5 October 2024 and were signed by:

aaaa eae se J Garner Signed on 25/10/24 @ 16:51

Joe Garner - Trustee

1

11

Tennis First

Notes to the Financial Statements for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Charity information

Tennis First is a charitable incorporated organisation (CIO) registered in England and Wales with charity number 1173079. Its registered office can be found on the charity details section on legal and administrative information page.

Tennis First meets the definition of a public benefit entity under FRS 102 through its grant giving.

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the charity’s foundation, the Charities Act 2011 and ‘Accounting and Reporting by Charities: Statement of Recommended Practice appliable to charities preparing their accounts in accordance with the Financial Reporting Standard appliable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’. The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provision in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. The Monetary amounts in the financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going Concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific condition by donors as to how they may be used. The purposes and use of restricted funds are set out in the notes to the financial statements.

Income

Income is recognised when the charity is legally entitled to it after performance conditions have been met, the amount can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donation received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is now known, the legacy is treated as a contingent asset.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. The expenditure is allocation to cost categories as appropriate.

Charitable costs relate to any costs incurred by the charity whilst working towards meeting it objectives.

Grants for individuals are agreed by the Trustees and are accounted for as expected.

12

Tennis First

Notes to the Financial Statements for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES (continued)

The irrecoverable VAT is charged against the category of expenditure for which it was incurred.

Support costs are allocated between charitable activities and raising funds on a time spent basis.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposit held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all its financial instruments.

Financial instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settles on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which includes debtors and cash and bank balances, are initially measured at transaction prices including truncations costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligation to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment s due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligation expire or are discharged or cancelled.

13

Tennis First

Notes to the Financial Statements - continued

for the Year Ended 31 March 2024

2. DONATIONS AND LEGACIES

Unrestricted
funds
Restricted
funds
2024
2024
£
£
Donations
and gifts
227,662
-		 Total
Unrestricted
funds
Restricted
funds
Total
2024
2023
2023
2023
£
£
£
£
227,662
160,492
-
160,492

3. OTHER TRADING ACTIVITES

Unrestricted Unrestricted
funds Funds
2024 2023
£ £
Fundraising events 153,594 52,341
Other trading activities 153,594 52,341

EVENT

Income
Expenditure
2024
2024
£
£
Golf Party
27,985
(6,383)
Auction
63,589
-
Sweepstake
-
-
Entertaining
54,100
(31,953)
Lottery
1,020
-
US Open
-
-
Road Ahead
-
-
Get Ready
-
(29,290)
Other under
£10,000
6,900
(3,556)
Total
153,594
(71,182)		 Surplus
2024
£
21,602
63,589
-
22,147
1,020
-
-
(29,290)
3,344
82,412		 Income
Expenditure
Surplus
2023
2023
2023
£
£
£
14,125
(6,001)
8,124
1,243
(350)
893
-
(2,000)
(2,000)
25,743
(1,560)
24,183
11,230
(1,085)
10,145
-
(1,575)
(1,575)
-
(1,202)
(1,202)
-
(27,713)
(27,713)
-
(5,029)
(5,029)
52,341
(46,515)
5,826		 Income
Expenditure
Surplus
2023
2023
2023
£
£
£
14,125
(6,001)
8,124
1,243
(350)
893
-
(2,000)
(2,000)
25,743
(1,560)
24,183
11,230
(1,085)
10,145
-
(1,575)
(1,575)
-
(1,202)
(1,202)
-
(27,713)
(27,713)
-
(5,029)
(5,029)
52,341
(46,515)
5,826
5,826

14

Tennis First

Notes to the Financial Statements - continued

for the Year Ended 31 March 2024

4. INTEREST RECEIVED

4. INTEREST RECEIVED
Unrestricted Unrestricted
funds Funds
2024 2023
£ £
Interest receivable 3,672 2,297
5. RAISING FUNDS
Unrestricted Unrestricted
funds Funds
2024 2023
£ £
Other fundraising costs (see note 71,182 46,515
3)
Staff costs (see note 10) 56,459 54,774
Support costs (see note 8) 53,629 52,603
Fundraising and publicity 181,270 153,892
181,270 153,892
6. CHARITABLE ACTIVITES
Tennis Tennis
support support
2024 2023
£ £
Grant funding of activities (see note 7) 178,178 173,238
Share of support costs (see note 8) 26,414 26,301
204,592 199,539
Analysis by fund
Unrestricted funds 204,592 199,539
Restricted funds - -
**204,592 ** 199,539

15

Tennis First

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

7. GRANTS PAYABLE

Grants between £7,001 - £10,000
Grants between £5,001 - £7,000
Grants between £nil - £5,000
Grants to individuals (43 grants)		 Tennis
support
2024
£
2
1
40
178,178
178,178		 Tennis
support
2023
£
3
-
39
173,238
173,238

Commitments

Included in grants to individuals are amounts totalling £43,162 (2023: £44,123) paid to grantees in respect of Awards for the year ended 31 March 2024 after the balance sheet date, which are included in trade creditors.

8. SUPPORT COSTS

Consultancy
Office costs
Bank charges
Travel and subsistence
Marketing
Sundry expenses
Insurance
Legal and secretarial fees
Bookkeeping fees
Independent examination fees
Analysed between
Fundraised
Charitable activities		 Support
costs
£
38,624
3,670
538
4,973
7,015
1,906
148
-
20,769
2,400
80,043
53,629
26,414
80,043		 2024
£
38,624
3,670
538
4,973
7,015
1,906
148
-
20,769
2,400
80,043
53,629
26,414
80,043		 Support
costs
£
39,376
2,665
509
7,129
1,130
1,577
352
2,616
21,840
1,710
78,904
52,603
26,301
78,904		 2023
£
39,376
2,665
509
7,129
1,130
1,577
352
2,616
21,840
1,710
78,904
52,603
26,301
78,904

16

Tennis First

Notes to the Financial Statements - continued

for the Year Ended 31 March 2024

9. TRUSTEES

None of the Trustees (or any persons connected with them) received any remuneration or benefits form the charity during the year.

There were no trustees’ expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

10. EMPLOYEES

The average monthly number of employees during the year was:
Employees
Employment costs
Wages and salaries
Social security costs		 2024
1
2024
£
50,000
6,459
56,459		 2023
1
2023
£
50,000
4,774
54,774

There were no employees whose annual remuneration was more than £60,000

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors		 2024
£
7,735
391
8,110		 2023
£
-
637
637

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Other creditors
Social security and other tax
Accruals and deferred income		 2024
£
43,162
13,600
9,160
16,674
82,596		 2023
£
44,123
14,964
6,664
14,224
79,975

17

Tennis First

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

13. RESTRICTED FUNDS

Balance at Balance at Incoming Resources Transfers Balance at Balance at
1 April resources expended 31 March
2022 2023
£ £ £ £
Player A 5,955 - - - 5,955
5,955 - - - 5,955
Balance at Incoming Resources Transfers Balance at
1 April resources expended 31 March
2023 2024
£ £ £ £
Player A 5,955 - - - 5,955
5,955 - - - 5,955

14. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
funds
Restricted
funds
2024
2024
£
£
Fund balances at
31 March 2024
represented by:
Current
assets/(liabilities)
321,505
5,955
321,505
5,955		 Total
Unrestricted
funds
Restricted
funds
2024
2023
2023
£
£
£
327,460
322,439
5,955
327,460
322,439
5,955		 Total
2023
£
328,394
328,394

15. RELATED PARTY TRANSACTIONS

Transactions with related parties

During the year, the trustees donated a total of £45,050 (2023: £52,000) to the charity.