DocJslgn Envdope ID." 5B89E7BD47C&4CEC42ASOE4D7DCYCDB CHARITY REGISTRATION NUMBER: 1174954 Tennis For Free Unaudited Financial Statements 31 January 2024 LEAMAN MATTEI Chartered accountants Suite 1. First Floor 1 Duchess Street London W1W6AN
DocJslgn Envdope ID." 5B89E7BD47C&4CEC42ASOE4D7DCYCDB Tennis For Free Financial Statements Year ended 31 January 2024 Page Trustees. annual report Independent examinerfs report to the trustees statement of financial activities Statement of financial position Notes to the financial statements
DocJslgn Envdope ID." 5B89E7BD47C&4CEC42ASOE4D7DCYCDB Tennis For Free Trustees. Annual Report Year ended 31 January 2024 The trustees present their reFort and the unaudited financial statements of the charity for the year ended 31 January 2024. Chalrfs report Mr J M Kinder acted as The Chair of the charity during the year. Relerence and admlnlstratfve detalls R•gl$t•red ¢harlty nam Tennis For Free Charty registration number 1174954 Prlncipal offlce 32 Highfield Gardens Aldershol GU113DE England The trust•e$ J M Kinder Mr T Hawks Mr L O'Hana Ms N Stoneham Mi A Maiks Indopondont oxamlntr Paul Matt81 Stru¢tur• goveman¢e and manag¢m•nt Tennis For Free is a Ch8ritable incorporated organisation limited by guafanlee, incorporated on 3 October 2017 and is a registered chanty, number 1174954. Registration was obtained on 3 October 2017. The Tennis For Free's Trustees, have control of Tennis For Free and its propety and funds. The Trustees meet at regular intervals during each year io give consideration to the status of Tennis For Free's funding, reserves and risks. Thtr Trustees are apt)oinled by invtslion on lo the Board by existing Twslees. On appoinlmenl, an induction is givèn by an existing Trustèe explainiThJ the procedurgs as well as an ov8rview of the administrative procedures employed by Tennis For Free. In additson all new Trustees are givèn a copy of the code of conduct for a trustee, explaining in detail their role and responsibilities.
DocJslgn Envdope ID." 5B89E7BD47C&4CEC42ASOE4D7DCYCDB Tennis For Free Trustees. Annual Report (conlinue Year ended 31 January 2024 Objectives and activities Tennis For Free was established to address the barriers for parb"cipation in Tennis primarily in Public Parks and to bring the benefits of pl8wng tennis 8nd becoming 8cb.vely engaged in sport lo as many young people and families as possible, parti¢ulady those who would otherwise not have tho opt)ortunity to play the game. hlevtments and rfOrmanC0 The Charity continued to operate free comrnunity tennis schemes open to all sections of the community in public parks 8cr05s the UK operab.ng primarily in IMD areas 14, along with introducing trial bgspoke sessions addressing Mèntal Health and D$m$ntia. A £30 million investment programme inlo upgradin9 and refurts'shir¥J park courts is currently underway via the LTA and Government fundiThJ. this programme is an acknovAedgement to the importance of public courts within the sport. The Charity continued to relaunch sitss up to October 2023 vl)ere pNxsible ending the year th SO siles. 2024 will see TFF to expand additional beswke se$sions in public parks addressing Mentsl Health. Dernentia and Schools with limrted or no tennis facilities Flnanclal revl•w The organisalion is reliant on donations, both frc¥n the pnvale sector and from the National Govemlng Body for tennis, the LTA. the income from vthi¢h was £133k, after providing for coaching and equipm9nt in lino with the charrties aims. a d8fi¢il of unr8$tri¢led funds ¢arried over was £284. The trustees, annual report was approved on 30 November 2024 and signed on behalf of the board of Iru5tees by. 14FKQDJOI Mr J M Kinder Trustee
DocJslgn Envdope ID." 5B89E7BD47C&4CEC42ASOE4D7DCYCDB Tennis For Free Independent Examinerfs Report to the Trustees of Tennis For Free Year ended 31 January 2024 I report to the trustees on my examinat# of the financial statements of Tennis For Free Ilhe charitv) for the year ended 31 January 2024. Responslbllltles and basls of report As the tnjstees of the charity you a responsible for the pparation of the finanaal statements in accordance with the requirements ol the Charities Act 2011 I'ihe Act'l. I report in respect of my examination of the charitys financial slatemenls carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Cornwi5sion under section 14515llbl of the Act. Independent examinerfs statement I have completed my examination. I confim) that no malerial matters have come to my attention in connection with the examination giwng me cause lo believe that in any material respect.. 8¢counling records were not k6pI in respect of charity as required by section 130 of the Act., or the financial ststements do not accord t?$8 rec(*ds'. or the financial statements do not comF4y with Ihe appluble requirements conceming the form and content of accounts Sel out in ihe Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accoun15 give a 'true and fair, view which is not a matter considered as part of an independenl examinab"on. I have no concems and have come across no other matters in connecb'on with the examination to which attention should b8 drawn in thi$ raport in order to onable a prop8r undarsianding of thg accounts to be reached. by.. Paul Matt81 Independent Examiner Leaman Mattel Suite 1, First Fk)or 1 Duchess Street London W1W 6AN
DocJslgn Envdope ID." 5B89E7BD47C&4CEC42ASOE4D7DCYCDB Tennis For Free Statement of Financial Activities Year ended 31 January 2024 2024 Urbrestricted funds Total fund$ 2023 Total funds Income and endowments Donations and legacies Total Income 133,049 133.049 161,183 133,049 133,049 161,183 Exp•ndltur• Expenditure on ¢harit8ble activities Totsl ¢xpendltur• 133.333 133,333 133.333 186.689 133,333 186,689 Net expend5ture and net movement In funds 12841 12841 125,5061 Roconciliation of funds Total funds brought forward Total fund8 carrled forward 12,8411 13.1251 12.8411 13.1251 22,665 12,8411 The stslement of financial activiligs indudes all gains and h)sses reniSe<l in the ygar. AJI incom8 and expenditure derive from continuing acVaS. The note5 on page5 6 to 12 form part of these financial statement5.
DocJslgn Envdope ID." 5B89E7BD47C&4CEC42ASOE4D7DCYCDB Tennis For Free Statement of Financial Position 31 January 2024 2024 2023 Note Flxed assèts Tangible fixed 8ssels 3,410 5,842 Current assets Cash at bank and in hand 1.916 6,564 Credltors.. amount$ falllng duo wlthln on• ar Net current Ilabilities 12 8,451 15,247 6.535 8,683 Total assets less current liabilities 13.1251 13,1251 12,8411 12.8411 Not IlabS1StSe$ Funds of the charlty Unreslricled funds 13,1251 13,1251 12,8411 12.8411 Total ¢harlty funds 14 These financial $181emenls were approved by the t*)ard of trustees and authorised for issuè on 30 November 2024, and are signed on behalf of the board b. Mr J M Kinder Trustee The note5 on page5 6 to 12 form part of these financial statement5.
DocJslgn Envdope ID." 5B89E7BD47C&4CEC42ASOE4D7DCYCDB Tennis For Free Notes to the Financial Statements Year ended 31 January 2024 General information The charity is a public benefit entity and a registered charity In England and Wales and is unincorporated. The address of the princip81 Offi is 32 HNJhfield Gardens.Alder5hol.GU11 3DE,England. Statement of compliance These financial statements have been prepared in compliance wth FRS 102, 'The Financial Reporting Stsndard applicable in the UK and the Republic of Ireland.. the Slalemenl of Recommended Pracbce applicable to charib.es preparing their accounts in accordance with the Financial R8porting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (Charitiès SORP IFRS 10211 and the Charities Acl 2011. countlng poll¢l•$ Basls ¢f preparatlon The financial stslements have been prepared on the historical cost basis, as modified by the revalualion of certain financial assets and liabilities and inveslmenl propettes measured al fair value through income or expenditure. The financial statements are prepared in sterling. which is Ihe lunctional ojrrency of the ents'ty. Golng ¢on¢•rn The flnancial slalemenls have been prepared on 8 goSng concem basls as the Truslees belleve that no material uncertainties exist. The Trustees have Considered the level of funds held and the 8XP8Cted 18vel of incom8 and expendilure for 12 monlhs from authorising these financial siatemenis. The budgeled income and expendilure is sufficient. wilh the level of reserves, lor the Charity to be able lo continuè as a going coneem Judgom•nts and key $ouru$ of •$llm*lon unrtaInty The preparalion ol the fInarla1 stalgments r6yuifgS managgmgnl to make judggmgnls, eslimales and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other laclors. including expectations of future events that are believed lo be reasonable under the cjrcumstances. Fund account5ng Unrestricted funds are available for use at the discreti of the trustees to further any of the charitys purposes. Designated fund5 are unrestricted furHJs earmarked by the trustees for particular future project or commitment. Rgslri¢ted funds are subje¢tgd lo reslriclions on their oxpgndiluro de¢largd by the donor or through the temis of an appeal. and fall into one of sub-dasses.. restricted incorne funds or endowment funds.
DocJslgn Envdope ID." 5B89E7BD47C&4CEC42ASOE4D7DCYCDB Tennis For Free Notes to the Financial Statements (continuedj Year ended 31 January 2024 Accounting policies Iconiinu Incomlng r•soure•s l incoming resources are included in the $18temenl of financi81 activities when ents'llemenl has passed to the charity,. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income= income from donab'ons or grants is rec(wJnised when there is evidence of enliUem8nl lo the grfi, rec8lPt is probable and its amount can be mèasured 11abty. legacy income is recognised en receipt is probable and entitlement is established. income from donate(I goods is measure(l at the fair value of the goods unless this is impractical lo measure reliably, in vthich case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received rf the value can be reliabty measured. No amounts are included for the contribution of general volunteers. income from wntracts for the supply of services is recognised th the delivery of the ntracted service. This is classified as unrestricted funds unless there is a contractual requirement lor it to be spent on a parb'cular purpose and returned if unspent. in which case il may be regarded as restricted. R•sourc•$ •xp•ndgd Expenditure is recognised on an accruals basis as a liability is incurred. Expgnditurg includes any VAT which cannot be lully recovered, and is classified under headin9s ol the statement of financial actsvities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading aclivibes, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking adivitie5 that further its eharilable aims for the benefit of its beneficiarie5, including those 8UPPOrt costs and costs latirj to the govemance of the charity apkx)rtioned lo charitsble 8Ctivilies. other expenditure includes all expendibjre Ihat is neither related to raising funds for the charity nor part of its expenditure on chariiable acliviiies. Al costs are allocate(I to expendrture Categ¢e$ reflecling the use of the resource. Dir8¢1 wsts attributable to a single a¢tiMty a allo¢*e(I diwtly to that a¢tiwty. Shared costs are appoone between the activities they contn'bute to on a reasonable. jusbfiable and consistent basis. Tangible •55ets Tangible assets are initially recorded al cost, and subsequently staled al cost le55 any a¢cumu181ed depre¢i8lion and imp8im)enl losses. Any tangible assets carried 81 revalued amoLJnts are rècord at thg fair valug at the dats of revaluation loss any subsequgnl accumulated depreciation and subsequent accumulated impaimient losses.
DocJslgn Envdope ID." 5B89E7BD47C&4CEC42ASOE4D7DCYCDB Tennis For Free Notes to the Financial Statements (continuedj Year ended 31 January 2024 Accounting policies Iconiinu TangIb ass•tS (conLtnu An increase in the ¢arnwng amount of an asset as 8 result of a rev81ualion. is recognised in other recognised gains and losses. unless it reverses a ¢harge for impaimient that has previously been recognised as expenditure within the slalement of financial acbvities. A decrease in the carryng amount of an asset as a result of revaluation. is recognised in other recognised gains and losses. except lo which it offsets any prevw)us revaluation gain. in which case the loss is shown within other recogni5ed gains arHJ losse5 on the statement of financial aclivilies. Depreciation Depreciation is calculated so as to write off the cosl or valuation of an asset. less its residual value, over the useful economic lrfe of that asset as follows-. Equipment 33% straight line Impalrni•nt of flxed ass•ts A review for indicators of impaimienl is carrd oul al each reporbng dalo. Wlth tho recov8rable amount being estimaled where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal al each reporting dale. For the purposes of impaimenl lesling, when it is not possible lo estimate the recoverable amount of an individual asset, an estimale is made ol the recoverable amount of the ¢aslF gonerating unit to which the assot belongs. The cash-generating unit is the smallgst identifiable group ol assets that includes the asset and generates cash inflows that largely indep8ndent of the cash inflows from other assets or groups ol assets. For impairment lesling of goodwill. the go111 acquId in a business combination is. from the acquisition dale. allocaled lo each ol the cash-geneialing units that are exCle lo benefit from the synergies of the combinalion, irrespecb've of whether other assets or liabile$ of the charlty are assigned to thosg units. Financial instruments A financial asset or a financial liability ts rec*gnis&Y only when the eharity becomes a party lo the conlraclual provisions of the instrument. Basic financial instruments are initialty recognised at the amount receivable or payable including any related Iransaction cosis. Current assets and current liabilibes are subsequently measured at the cash or other consideration expected lo be paid rerEived and not discounted. Debt Instruments are subsequently measure(1 at amortised cost. whe investments in shaS are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequenuy measured at fair value with changes in fair value recognised in income and expenditure. All other such inveslments are subsequently measured at cost less impairwnenl.
DocJslgn Envdope ID." 5B89E7BD47C&4CEC42ASOE4D7DCYCDB Tennis For Free Notes to the Financial Statements (continuedj Year ended 31 January 2024 Accounting policies Iconiinu Flnanelal Instrumènts (conllnurfd) Other financial instruments. including derivatives. are initially rec(%Jnise(l at fair value, unless payment for an asset is deferred beyond nomial business terms or financed at a rate ol interest that is nol a markel rate, in which case the assel is measured at the present value of the future payTnents discounted at a market rate of interest for a similar debt instrument. Other financial instruments are SubseqUenY measured al fair value, with any changes recogni5ed in the stslemenl of financial acb"wb"es. wrth the excepb.on of hedging instruments in 8 dgsignaled hgIng rélationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment. an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recogni5ed. For all equlty instruments regardless of significance. and other financlal assets that are individually signifi¢anl, these are assessed individually f(y impaimienl. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characleristics. Any reversals of impairment are recognised irnmediately. to the extent ihat the reversal do85 not result in a carrying amount ol the financial asset that exceed5 what the carrying amount would have been had the irnpaimenl not previously been recognised. D•fln•d contr5butlon plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset lo the extent that the prepayment will lead lo a reduction in fulure payrnents or a cash refund. When contributions are not exK*cte(I lo be setUe(I vthclty wilhin 12 months of th8 end of the reporting date in which the employees ren(ler the related service, the liability is measured on discounted prgsent valug basis. Thg unwinding of the dI$unt is recognised as an expanse in the p8riod in which il arises. Donatlons and l¢ga¢i¢$ Unrestn"¢ted Total Funds unStricted Total Funds Funds 2024 Funds 2023 Donations Donations 56.649 56,649 77,930 77,930 Grants Grant Income 76.400 76.400 83,253 161.183 83.253 133,049 133,049 161,183
DocJslgn Envdope ID." 5B89E7BD47C&4CEC42ASOE4D7DCYCDB Tennis For Free Notes to the Financial Statements (continuedj Year ended 31 January 2024 Expenditure on charitable activities by fund type Unrestncted Total Funds Unrestricted Total Funds Fund5 2024 Funds 2023 Support costs 133.333 133.333 186,689 186,689 Expenditure on charitable activities by activity type Total funds 2024 Totsl fund 2023 Support costs Tennis For Free 133,333 133,333 186,689 Not exp•nd5turn Net eXndItur is slat8d aft8r Chargin{cle(litingl'. 2024 2023 Depreciation ol tsngible fixed assets 2,432 2,432 Independont oxamlnatlon ftts 2024 2023 Fees payable to the independent examiner for.. Independent 8xamination ol the financial slatements 1,110 1,843 Staff ¢o$t$ Thè total staff costs and employee benefits for the rertifig period are analysed as folbws.. 2024 2023 Wagès 8nd salari8s Social security costs Employer contributions to pension plans 68,878 1,065 2,688 83,179 2,634 3,306 72,631 89,119 Th9 average head count of employees during the year was 312023.. 31. The average number of full-b'me equivalent em 0yeeS during the year is analysed as follows.. 2024 No. 2023 No. Number of stsff No employee ceiVed emplosee b8nefts of more than £60.0¢)O during the ye8r12023.. Nil). 10. Trustee rernuneration and expenses No remuneration or other benefits from employTnenl with the charty or a related entity were received by the trustees. 10-
DocJslgn Envdope ID." 5B89E7BD47C&4CEC42ASOE4D7DCYCDB Tennis For Free Notes to the Financial Statements (continuedj Year ended 31 January 2024 11. Tangible fixed assets Equlpmènt Cost At 1 February 2023 and 31 January 2024 Depreciation At 1 Febnjary 2023 Charge for the year At 31 January 2024 Carrylng amount At 31 January 2024 Al 31 January 2023 127,351 121.509 2,432 123.941 3.410 5.842 12. Cr¢dStors'. amounts falllng duo whhln on• ¥r 2024 2023 Accruals and deferred income Social securily and other taxes Other creditors 1,110 2,045 5,296 13,512 1,456 279 8,451 15,247 13. Ponslons and other post retlrement benefits Deflned ¢ontrlbutlon plan$ The amount reeognised in income or eXndItUre as an expense in relation lo defined conlribulion plans was £2,68812023. £3,306). 14. Analysi5 of charltable funds Unr¢$trl¢ted funds Al 1 February 20 23 At 31 January 2 024 Income Expenditure General funds 12,8411 133,049 1133.3331 13,1251 At 1 February 20 22 At 31 January 20 23 Income Expenditure General fun(Is 22.665 161,183 1186,6891 12,8411 11
DocJslgn Envdope ID." 5B89E7BD47C&4CEC42ASOE4D7DCYCDB Tennis For Free Notes to the Financial Statements (continuedj Year ended 31 January 2024 15. Analysi5 of net assets between funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net liabilities 3,410 1,916 18,4511 13.1251 3,410 1,916 18,4511 13,1251 Unrestricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year N•t Ilabllltles 5,842 6,564 11 5,2471 12,8411 5.842 6.564 115,2471 12.8411 12-