Petworth House Tennis Court Limited
Report and Financial Statements
Year ended 30 June 2021
Charity number - 1186389
Company number - 06738258
#267
A14
1710312022
CC*dPANIES HOUSE

Petworth House Tennis Court Limited
Report and Accounts- year ended 30 June 2021
Reference and administrative information
Tiustees and Dlrectors
The following T'rustees and Directors have served dyrfringthe yea"r:
Robert Dolrnan. Chairman
Nigel Draffan
David Fortune
Andrew Falk {resgned l July 2020)
Charles Fuente
Simon Knight
lan McNally
Carole Muir
Robert Muir
Andrew Page
John Petersen, Secretary
Philip Robinson Iresigned l July 2020)
Christopher Swan
Julian"Wilkinson
Prlndpal Office
Estste Yard
Park Road
Petworth GU28 ODU
Charity Number
1186389
Company Nufflber
06738258
Independenl accounting examlner5
SBM Associates knmited, 24 Wandsworth Road, London. SW8 2JW
Honorary Soliatr
Charles Fuente
Banker5
Barclays Bank Plc, Leicester, LeicesteTshire LE87 28B
Webslte
http://petworthrealtennis.com

Petworth House Tennis Court Limited
Report and Accounts - year ended 30 June 2021
Report of the Dirertots for the year ended 30 June 2021
The Directors present their annual report and financial ststements of the Charity for the year ended 30
June 2021. The financial statements cornply with the Charities Act 2011. the Companies Act 2006, the
Memorandum and Articles of Association. and Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in attordante with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 20191.
Structurei governance and management
Petworth House Tennis Court Limited {the"ChariWI was incorporated ¢)n 31 October ZIX18 as a private
company limited by guarantee (company number 067382581 and registered as a chartty {charity number
11863891 on 15 Novernber 2019. It is governed by its Memorandum and Articles of Association. companv
and charity law. It seeks to undertake its chosen tharitable y￿rk through the deployment of its existing
funds (both income and capital). It has twelve dirertors. who act as trustees of the Charity.
The existing directors will appoint new directors where necessary to complement the skilLs available to the
board. The Memorandum and Articles of Association require a minimum of two directors, With no
ma¥imum number. A5 required by the Memorandurn and Articles of Association, one-third12020- alll of
the direetors will retire at the annual general meeting of the Charity held to consider thse accounts.and
being eligible, offer themselves ft>r re-election.
New directors are provided with information on their responsibilities as dirertors and trustees and are
briefed on the areas of actilrity of the Charrty.
'Directors' meetings are held to discuss strategy and poliry. The Chairman and the responsible Directors
handle day-ttrday administration. such as membership. fixtures, bookkeeping, finance and general
atlministration. All the Directors give their time and no remuneration was paid in the year. None of the
Oirectors has claimed any expenses nor are there any related party transactions. except a5 noted in these
financial ststements.
Objertives and activltles for the publlc benefft
The Charity promotes communty Part￿1PatIon in healthy recreation. in particular by the provision of
facilities for the playing of Real Tennis. The Charity also prornotes the conservation. preservation and
improveitient for the publi¢ b.enefit as a building of histr>riclnterest thè Real Tennis Court at Petworth and
education of the public about the history and heritage of the building. In determining how to achieve these
objertives, the Directors have cornplied with their oblgation to have proper regard to the guidaftce on
public benefit published by the Charities Commisston in exerctsing their power5 or fulfilling their duties.

Petworth House Tennis Court Limited
Report and Accounts - year ended 30 June 2021
Achlevements and Perfornwnce
Petworth House tennis court, one of only 27 in the UL has existed in its present location since 1872 and
the present dub has played real tennis in it since 1960. The court is now leased for 99 years from the
National Trust. An extension was completed in 2018 to provide better changing facilities with clubroom
and kitchen. This will ensure that both the sport of Real Tennis and the architecturalty significant building
will be Secured for the long-temi future.
The club has a long history as one of the leading Real Tennis clubs in the UK with a strong tradition of
playing opportunities for all ages and abilities. all genders and as a breeding ground for UK amateur
champion5. The club finds itself in a geographical area characterised by a high proportion of retired
residents. It is a friendly and inclusive club that contributes significantly to the physical and mentsl health
of its members, many of whom are retired. The club offers all the benefrts of a typicèl tennis or sports club:
providing exercise, improvement to health. development of handleye co-ordination and so¢iability.
The club prides itseff on providing playing facilities of the highest quality. These facilities are not onlv
available for use by local schools and community interest groups but are also able to h05t real tennis events
up to national level providing inspiratiorb tr> aspiring champions.
The 20201.21 season hit again by two tock(knvns which effecttvdy closed the court for almost slx
months. We were able to complete our 2019120 handicap singles tournarnents with the Ma¢lay Penthouse
Cup being won by Herevrnrd Taylor lour most improved player). the 5mrth Bingham Trophy by Tom Miller
and the CooteDecanter"by James Camegie-Brown.
. Sadly. we Nvere uiiable to coach any schwls due to Covid restrKtion5 bul ¢oa¢hing will now be resumed
with Seaford College. Westbourne House and hopefully Cottesmore. We also have three new schools that
could start coaching in the New Year. Four young members were invited to tske part in The Tennis &
Racket5 Associat￿n academy for the 2020121 season. Toby Barton and Bertie Vallat ts'unior squad) and Max
Trueman and Ollie Taylor Isenior squad).
During the year the Tennis and Rackets Association launched what 15 known as the Investrnent in
Professionals IIIPI Programme to encourage clubs to take on apprentices in the hope of recruiting more
young players tr> become professionals. We have been keen to support the initiative. although it remain5 to
be seen whether anyone suitsble emerges for us to consider.
Our membership decreased to 48212020-4931 due to few new members joining but the club remains in
good heart now that we are fully open again.
The directors of the Charity are grateful to our professionals for their hard work and to our members for
their encouragement and financial sUPPrt They would also like to thank Rathbone Investment
Management for th￿r kind support of junK)r tenni&

Petworth House Tennis Court Limited
Report and Accounts - year ended 30 June 2021
Flnanclal Revlew
The net'movement"in"fund5 for the year ended 30 June 2021 iva5 4 surplus of £21.739 {2020- surplus of
£16,474). This reflects a decrease in Cbnations and legacies to £92.048 from £109,319 in 2020. This
decrease arises primarity from the donatsons in the piior year to support the Charity through t*e Covid 19
pandemic. During the year small government grants of £18.(X)8 were recerved12020- £10,0￿1.
xpenditure on.chaTitable activitie5 decr￿sed to f 73,217 from"'£93,515 in 2020. The sgnificant decrease
arose due to there being no repairs to the court in the current year12020- £25.361).
During the prior year the Charity invested £15.000 in accumulation units in the COIF Charities Investment
Fund, a listed investment in the United Kingdom. At the 30 June 2021 there was an unrealised gain on the
investment of £4.33312020- £1.258)- The Charity has £60,QIJO invested in a 5-year fixed rate business, trust
and charitytjond iiiith an'irftère%t ralt of 2.5%." 8a"nk"inTrerest receiwd"b"I"e-artic)uti'tedto'£l,50812020- £9081.
Unrestricted funds at 30 June 2021 amounted to £l(X).07312021> £78.334).
The prirne risk to the Charity is that funds raised fa+1 to meet liabilities as they fall due. This risk is mitigated
as the Directors have prepared and considered expected cash flows such that they are confident that thev
will have the funds to meet all liabilities as they fall due.
Reserves policy
Reserves are needed to bridge the gapbetween the spending and receiving of incomft and to.cover
unplanned expenditure. The trustees aim to continue to build up the unrestricted reserves of the Charity as
these will reflert cash funds that will enable liabilities to be met as they fall due.
Directorf responsibilitie$ in relation to the finarrtial statements
The Director5 are responsible foT preparing the f*rectors' Report and the financial statements in
accordance with applicable law and United ￿ngdorn Accounting Stsndard5 (United Kingdorn Generally
Accepted Accounting Practice).
CoM￿n¥ law requires the Directors to prepare financial ststements for each financial year. which give 4
true and fair view of the 5tate"iJY'the afftirs of'th-e charitable corhpahy ah"d of the iricorning resource5 and
application of resources. including the income and expenditure. of the charitable company for the year. In
preparing these financial rtatements, the Directors are required to=
select suit4ble a￿o￿nting policies and appty them ¢on$￿ent￿.
observe the methods and principles in the Charities SORP-
make judgements and estimates that are reasonable and prudent:

Petworth House Tennis Court Limited
Report and Accounts - year ended 30 June 2021
prepare the financial statements on a 80ing concem basis unless it ￿ inappropriate to presume
that the FOundat￿n will continue in operation.
The Direttors are responsible for keeping proper accounting records which disclose with reasonable
accura￿ 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
ssets of the charitsble company and hence for taking reasonable step5 for the preventi¢)n and detertion of
fraud and other irregulartties.
The Directors are responsible for the maintenance and integrity of the corporate ènd financ￿1 infoTmation
included on the charitable companTrKs website. Legislation in the United Kingdom governing the
preparation and dissemination of the financial statements may differ from legislation in other juriSdict￿n$.
Approved by the Directors on 26 September 2021 and signed on their behalf bv:
Robert Dolman
Chairman

Petworth House Tennis Court Limited
Report and Accounts- year ended 30 June 2021
INDEPENDENT FAAMINER'S REPORT TO THE MEMBERS OF PETWORTH HOUSE TENNIS COURT LIMITED
FOR THE YEAR ENDED 30 JUNE 2021
I report to the Charity Trustees on my examination of the financial statements of Petworth House Tennis
Court Limited (the Charity) for the year ended 30 June 2021.
Responsibilities and basis of report
As the Charity Trustees land also its directors for the purposes of company lawl you are responsible for the
preparation of the financial slatements in accordance with the requirements of the Companies Act 2OJ6
(the 2￿6 Actl-
Having satisfied myself that the financial statements of the Charity are not required to be audited under
Part 16 of the 2006 Art and are eligible for independent examination. I report in respect of my examination
of the Charity's financial statements carried out under section 145 of the Chartties Act 2011 Ithe 2011 Actl.
In carrying out my exarnination I have followed all the applicable Directions given by the Charity
Commission under section 14515llbl of the 2011 Act.
Independent examiner's 5Litement
I have completed my examination. I confirm that no matters have come to my attention in connection with
the examination Eiving me cause to believe that in any material respect:
11 accounting records were not kept in respect of the Charity as required by section 386 of the 2fJ)6 Art- or
21 the financial statements do not accord with those records- or
31 the financial statements do not comply with the accounting requirement5 of sertion 396 of the 2006 Act
other than any requirement that the accounts gNe a true and fair view which 15 not a matter considered as
part of an independent examination- or
41 the financial statements have not been prepared in accordance wtth the methods and principles of the
Statement of Recommended Practice for accounting and reporting. by charities applicable to charitie5
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021.
I have no concerns and have come across no other matters in connection with the examination to which
ttentlon should be drawn in this report in order to enable a" proper Understanding of the financial
statements to be reached.
.Pauline B McAlpine FCA
SBM Associates Limited
24 Wandsworth Road
London SW8 2JW
14 December 2021

Petworth House Tennis Court Limited
Report and Accounts - year ended 30 June 2021
STATEMEIU OF FINANCIAL AcnvmES FOR THE YEAR ENDED 30 JUNE 2021
Note
Year to
30June
2021
Year to
30June
2020
Income:
Donations and legaties
Income from charitsble activities
Investment incorne- bank interest receNable
92.048
109,319
1,508
908
Total income
93,5
110,227
xpendI￿re.
Expenditure on raising funds
Expenditure on charitable artivities:
Interest payable and similar charges
73,217
1,675
93,515
1,496
Totsl expendlture
74,892
95,011
Net kncome
15.216
Net galn$ M Investments
3.075
1258
Net Movement In Funds
21.739
16,474
Unrestricted Funds brought forvrard at l July 2020
78,334
61,860
Unr¢s.trlct¢d. Funds carrfed fcffward at 30june 21Y21
The above results are derwed from continuire artivities and relate to the unrestricted income fund. There
were no other recognised gains or losses other than those ststed above.

Petworth House Tennis Court Limited
Report and Accounts - year ended 30 June 2021
Company Number- 06738258
BALANCE SHE￿AT30 JUNE 2021
2021
2021
Unrestricted Restrlcted
Funds
Funds
2021
Totsl
Funds
2020
Totsl
Funds
Flxed ossets
Tangible assets
Heritage assets
Investments
Total flxed assets
218.949
101.151
320,IIJO
335,942
80,837
299,786
80,837
400,937
76,258
412,200
101.151
Current (wets
Debtors
Cash at bank and in hand
io
2.363
53.973
56,336
2,363
53,973
56,336
8,982
27,5CKI
36,482
Totsl cuTient assets
Lloblllties
Creditors. amounts falling due within one
vear
li
(116,0491
(59,713)
1116,0491
159,713)
(108,0131
{71,531)
Net current Ilabmltles
Total assets less current Ilabllltles
240,073
101,151
341,224
340,669
12
(uo,(w)
I140.￿￿)
IIWOCM))
P4et a55ets
100,073
lo1.￿1
201224
190.669
Thefvnds of the Clwrfty."
Unrestricted income fund
13
I￿,073
ICKJ.fJ73
101.151
101.151
IOL151 201.224
78.334
112,335
190,669
Restricted fund
Totsl Charlty funds
13
I￿.073

Petworth House Tennis Court Limited
Report and Accounts - year ended 30 June 2021
For the year ending 30 June 2020 the Charity was entitled to exemption from audit under section 477 of
the Companies Act 2(K)6.
The'members have not rÈquired the.Charity tod)tsin an auditijf its accounts for the period in quest￿n.1￿
accordance with section 476 of the Compan￿$ kt 2(X)6
The dirertor5 acknowledge their responsibilities for al ensuriw that the charitable company keeps
accounting records that cornply v￿th Sections 386 and 387 of the Companies Act 2006.. and bl preparing
financial 5taternents which give a true and fair view of the state of affairs of the charitable company as at
.the end of each financial year and of its surplus or defKit for each financial year in accordance with the
requirernents of Sections 394 and 395 and which othenvise e(>mply with the requirements of the
Companies Art 2006 relating to financial staterne1￿. so far as applKable to the charitsble companv
These financial statements have been prepafed in accordance with the special provistons of Part
1.5 oythe Companies Act 2006 relating to srnall charitable cornpanies.
Approved by the Direetaws on 26 September 2021 and signed on their behaff by:
ulian Wilkinson
io

Petworth House Tennis Court Limited
Report and Accounts - year ended 30 June 2021
NOTES TO THE AccouTrirs
l. Accounting Policies
Petworth House Tennis Court Limited is a private company lirnited by guarantee incorporated in England
and Wales. The registered office is Estste Yard, Park Road. Petworth. GU28 ODU.
lal Basis of preparation
The financial statements have been prepared in ac￿rdaryCe v4ith the charitys Articles of Association, the
Companies Act 2006 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'lreland IFRS 1021 (effective l January 20191" 'The charity is a'Public
Benefit Entity as defined by FRS 102.
The Charity has taken advantsge of the provisions in the SORP for charities applying FRS 102 Update
Bulletin I not to prepare a Statement of Cash Flows.
The financwl staternents are prepared in sterling. which ￿ the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £. The financial ststements
have been prepared under the historical cost convention.
{bl Funds structure
The Company has a restricted fvnd and an unrestricted incorne fund. The Directors may. at their
discretion. allocate any part of the unrestricted income fund to the purposes of the Charitv.
Icl Income recognition policies
Items of income are recognised once the Charity becomes legalty entitled to the income. it is probable that
the income will be received. any perfomiance condrtions have been met or ère fully within the control of
the CharÉty and the amount can be measured rel￿bly. Membership subscriptions and Sp1￿50r5h1p5 are
included 35 IrKome from donations as these are. in substance, donations rather than.payrnent for goods or
services. Gift Aid is specrfically related to thè original donation.
Idl Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing.
the Charity to the expenditure. itis probable that settlementwill be required and the amount of the
obligation can be measured reliably.
li

Petworth House Tennis Court Limited
Report and Accounts - year ended 30 June 2021
NOTES TO THE ACCOUNTS {Continued)
lel Tangible Assets
T.angible assets are f£cognised on the balance sheet at cosL Depreciationis proyided so as to wfite off the
cost of the asset over its useful economic life which for leasehold improvements is estimated at fifty years
and for furniture and equipment 15 estimated at 5 years.
lfj Heritage Assets
Heritsge assets are not recognised on the balance sheet as information on their cost or valuation is not
available and such information cannot be obtained at a ¢￿t commensurate with the benefit to the users of
the financial ststements.
tgl Investments
Investments in shares. which can be publicly traded, are measured at fair value (market value). Movements
in market value are Shown as unrealised gaIns￿oSseS in the Statement of Financial Activitie5.
Cash and cash equivalents are recognised at amortised cost.
Ihl GovernmentGrants
Governrnent and other grants had pfewousty been recognised using the attrual rnodel option {section 24
of FR51021 that is not permitted by the Charities SORP. The grants for the extension that were received in
the yea.r ended 30 June 2018 and earlier are now recognised in income in the Restricted Fund on a
systematic basis over the experted useful life of the assets.1See note 131
lil Concessionary Loans
Concessionary loans are loan5 recerved by the Charity to further its purposes and the interest charged is
below the prevailing market fates. Concessionary loans are measured at the amount received with the
carrying amount adjusted in subsequent ¥eatS to reflect iepayrtterts_
2. Going Concern
The Oirector5 hav¢ made a positive assessmoTht of the Cbarits45 ability to corjtinue as a going concem..In
assessing whether the going concern assumption is appropriate the directors have considered all available
informats.on about the future andspecifjcally whether future incomi￿reSoUrceS will generatesufficient
funds to enable all existing liabilities to be settled as they fall due.
3 Related Party transartions and Dirertor< remuneration
The Directors received no ernoluments and reclairned no expense5 during the year12020- nill.
Three directors provided Conce￿ kAnsto the Charty rf8re8atinito UQQJO12020-£3QOI)01.
12

Petworth House Tennis Court Limited
Report and Accounts - year ended 30 June 2021
NOTES TO THE ACCOUNTS ICMtinued)
4 Donations and legacies
Note
2021
2020
Membership subscriptions
Donations
Sponsorship
Small business governrnent grants
Sundry
73.540
500
65,208
30.909
18.LW)8
10.000
202
92,048
109,319
5 Expenditure on charitable artivities
Éxpenditure in pursuit of the Char￿5 objects-
2021
2020
Rent
Repairs to Court
Closed Courts
Equipment and maintenance
Light, heat and water
Youth development
Competitions and toumaments
Depreciation of leasehold improvements
Stamp duty land tax
Cleaning and waste disposal
Support and governance costs
11.000
25.361
22,724
5,868
13,160
432
32.805
1.342
8.528
1.462
769
4,658
4,658
3.299
6,123
73,217
3,499
93,515
6 :Support and 8o¥ernance costs
2021
2020
Independent examinerfs remuneration
n5urance
560
1566
2.106
1.698
193
1.418
I￿17
1,622
187
Telephone and intemet
Printing, stationery and other costs
Sundrv
6.123
13

Petworth House Tennis Court Limited
Report and Accounts- year ended 30 June 2021
NOTES TO THE Accoupifs (Continued)
7 Tangible fixed Assets
Furnlture &
Equipment
Leaseho
1mpr¢Y4em￿ts
Total
At l Juty 2020 and 30June 2021
47.167
320,459
367,626
Depredatlon
At l Juty 2020
Charge for year
At 30'June 2021
18,866
9.434
12,818
6.408
31,684
15,842
28.3(Kl
19,226
47,526
Net bookvalue at 30June 2020
28.301
18.867
307.631
301.233
335,942
320,100
Net IM)ok value at 30 June 2021
The allocation of the depreciation charge between funiis is:
Unrestricted Fund-
Restricted Fund -
£4.658
£11,ts4
8 Herfta8e Assets
The Charity holds a number of heritage assets that have been acquired by donation in prior year5. These
include-
Real tennis rackets of historical interest and other real tenni5 menK>rabilia:
Pictures, prints and photographs:
A bas-relief "A History of Tennis at Petworth. by Philip Jackson.
The directors consider that the cost of valuation of the collection is likely to exceed the benefits provided
by the inforrnation and as such no value ￿ recognised in these financial statements.
14

Petworth House Tennis Court Limited
Report and Accounts - year ended 30 June 2021
NOTES TO THE ACCOUNTS (Continued)
9. Investments
Listed investment assets In U.L
2021
2020
Market value at ljufy
Addrtions to investments at cost
Unrealised gain on revaluation
Market value at 30June
16,258
15.000
1,258
16.258
3,075
19.333
Cash and cash equi¥alents
At l July
Addition5 to investments at cost
Realised interest
At30June
60.(h)O
60,OCKJ
1,504
6L504
60,0
Total at 30 June
80,837
76.258
Cash and cash equivBlents represent a &year fixed rate business. trust and charity bond with an interest
rate of 2.5%.
10. Debtors
2021
2020
Other debtors
Prepayments and accrued income
6,684
2,298
8,982
2,363
2.363
11. Creditors. amounts falling due within one year
2021
2020
other creditor5
Accruals and deferred income
Concessionary loan payable
2,892
3.157
7,090
IiO,LX
loo,000
116,049
108,013
A concessionary loan payable of £ILKI.(XX) is repayable rfthe lender gives one month's notice requiring
repayment. This concessionary loan is unsecured an(tinterest is payable at 1% per annum.
A Concessionary loan payable of £IO.CKK) is unsecuied and interest free.
923

Petworth House Tennis Court Limited
Report and Accounts- year ended 30 June 2021
NOTES TO THE ACCOUPITS (Continued)
12. Credltors. amounts fa"Ilin8 due after more than one ¥ear
2021
2020
Concesslonary loans payable
Within two and five years
Within five and ten years
10,000
140,CM)O
140,000
140,(KK)
150,000
The concessionary loan5 comprise fourteen ten-year loans. All the loans are unsecured and interest free.
13. Analysts of funds
2021
2021
2020
2020
Restrirted
Fund
Unrestrirted
incomefund
Restricted
Fund
Unrestricted
income fund
Fund brought forward at l July
78.334
61.860
Add: Income
93.556
110,227
Less: Expenditure
174,8921
{95,011)
AddlLess.' Gains and losses
3.075
1,258
Fund caNled forvAnl-at 30June
lo1.￿1
lQ),073
112,335
78,334
Restricted funds brought forward at l July 2019 have been festated as disclosed In Th)te l{hl.
112.335
123,519
(11.184)
111.184)
14. Legal ststus
The Charf(y is a cornpany limited byguarantee. The liabilrty of each member in the event of a winding up is
limited to £1.
16