Petworth House Tennis Court Limited Report and Financial Statements Year ended 30 June 2025 Charity number- 1186389 Company number- 06738258 *AEYBOTFS" 21JOY2026 COMPAW41ES HOUSE #238 A16 Petworth House Tennis Court Limited Report and Accounts - year ended 30 June 2025 Reference and administratlve Infomution Trustees and Dlrectors TheTrustees and Directors who held office during theyear and to the date of this report were: Julian Churth (appointed l July 20251 Nigel Draffan David Fortune (ceased to be 20 Aprd 2025) Charles Fuente. Secretary Julian Hill (appointed 7 ￿￿USt 2025) Tim James Simon Knight lan McNally Robert Muir Andrew Page Jon Petersen Rhona Russell (appointed 18 July 2025} Christopher Swan Oliver Taylor Hereward Taylor (appointed l July 2024 and ceased to be 25 July 20251 Julian Wilkinson, Chairrnan Principal Offl Estate Yard Park Road Petworth GU28 ODU Charfty Number 1186389 Company Number 06738258 Independent accountlng examlners SBM Associates timited. Freedman House. Christopher Wren Yard. 117 High StreeL Croydon. CRO IQG Honorary Solicitor Charles Fuente Bankers Barclays Bank Plc. LeKesler. LeicesteT5hire LE87 2BB Webslte http://petworthrealtennis.com Petworth House Tennis Court Limited Report and Accounts - year ended 30 June 2025 Report of the Directofs for the y￿4r ended 30June 2025 The Directors present their annual report and financial ststements of the Charity for the year ended 30 June 2025. The finanelal statements comply with the CharitFes kt 2011. the Companies Act 2006. the Memorandum and Articles of Associath)n. and and Reportine by Charsties: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Repubk of Ireland IFRS 1021 (effective l January 20191. Strurturep governance and managernent Petworth House Tennis Court ￿"MIted (the-charirf) WAS incorporated on 31 October 2¢J)8 as a private company limited by guarantee {company nurnber 067382581 and registered as a charity (charity nurnber 11863891 on 15 Novernber 2019. It is govemed by its Memorandum and Articles of Association. companv and charity law. It seeks to undertake ts chosen charitsble work through the deployment of ts existing funds Iboth income and capitsll. It has fourteen directors (2024- thirteen), who act as trustees of the Charity. The existing directors will appoint new difectors wthere necessary to complernent the skills avaiLible to the board. The Memorandum and Articles of Association require a minimum of two difectors. with no maximum number. As required by the Memorandum and Articles of Association, one-third of the dirertors will retire at the annual general meeting of the Charity hekl to Consid￿ these accounts and being eligible, offer thernsel¥es for ieolection. New directors are provided with inforniatK>n on their responsibilities as direttors and trustees and are briefed on the areas of acti¥ity of the Charsty. Directorf rneetings are held to discuss stsategy and poly. The Chaimian and the responsible Directors handle day-to-day adminkn*tration. Such as membefship, fixtures, bookkeeping. fii)aiiiè and general administration. All the Directors give their time and no remuneration was paid in the year. None of the Directors has clairned any expenses nor are there any related party t￿nsact￿n$. except as noted in these financial statements. Objectlves and artivities for the public benefft The Charrty promotes communty partKipation in healthy recreation, in particular by the provision of facilities for the playing of Real Tennis. The Charity also promotes the conservation. preservation and improvement for the pvblic benefit as a building of historic interest the Real Tennis Court at Petr4orth and education of the public about the history and heritage of the building. In determining how to achieve th￿e objectives, the Dirertors have complied v47th their obligation to have proper regard to the guidance on public benefrt publshed by the Charities Cornmission in exercisirvd their powers or fulfilling their duties. Petworth House Tennis Court Limited Report and Accounts - year ended 30 June 2025 Achievements and perforn￿n petr￿rth House tennis court. one of only 27 in the Ul h•s existed in its present location since 1872 and the present club has pkiyed real tennis in it since I%0. The cowt ts leased from the National Trust for a temi of 99 years which cornmeneed on l July 2015. An extension was tompleted in 2018 to provide better changing facilit￿$ with clubroom and kitchen. This will ensure that both the swrt of Real Tennis and the architerturally significant buildin8 will be secured for the k)ng-term future. The club has a k)ng history as one of the leading Real Tenn￿ clubs in the UK with a strong tradition of playing opportunities for all ages and abilit￿5. all genders and as a breeding ground for UK amateur champions. The club finds itself in a geoEraphi¢al area characterised by a high proportion of retired residents. It is a friendty and inclusive club that contributes significantly to the phys￿al and mentsl health of its rnembers. rnany of whom are retired. The club offers all the benefrts of a typical tennis or sports club: providing exercise. improvement to health. de¥tkipfflent of handleye c(pordination and w￿labIlity. The club prides itself on provrding playing fdcilitie5 of the highest quality. These facih'ties are not only available for use by Irxal schools and c4)rnmunity interest groups but are a150 able to host real tennis events up to national level providing inspiration to aspiring champKJn5. We are very lucky at the club to have two e￿ellent profess￿nal$ in Tom Durack and Louis Gordon. In the next year Tom will have been with us for 25 years and Louis for 10 years and we look forward to celebrating these milestones in the coming year. Undef their careful handling court usage has been at a ood levcl and our WJriOu￿ events and toumaments have been organised and supported. James Medlow joined us as an apprentice professional on tst Juty 2024 and spent seven months with us before moving to Queen's for the remaindef of his IIP appwenticeship. He vrds an asset to the club, and we wish him well. In this review of the year special mention murtgo to Nigel Pendrpah who won the Over Elys Amateur Singles rfhe Kershaw Cupl and to Nigel Draffan who. partneTing Philip Shaw-Hamilton. won the Over 71Ys Amateur Doubles for the second year. The season began wrth our traditional Imndicap doubles weekend (the Hennell Plate) vthich was won by Jane Taylor and tknminic Higham. The club KTatch doubles (the Ellis Rich trophy) folknved in November in which Angus Williams and Chartie Braham triumphed. wth Hereward Taylor and James Deuchar winning the second division {the Robinson trophvl. Our Pol Roger team won their first rnatch beating MCC but k)5t to Queen's in the semifinal. Our Brodie Cup team105t to MURTC in the second round. In the Nat•oTral League our divisioft 7 team Irun by Hereward Taylorl came 3rd. our dr4ision 8 team (fun by Adrian Warburton) came 4th and our division 10 team (run by Simon Fisk) lost in the final. Petworth House Tennis Court Limited Report and Accounts- year ended 30 June 2025 Over six days in December 2024 we held our Invitatk)n Handicap Toumament with 32 pairs tsking part comprising one Pet￿Orth rnember and one from another club. The winners were Stuart Allison IPetworth) and Clive Turner (Prested). The tournament was organised by Robert tk)Iman with excellent support and marking from our wonderful professionals. Our two 8enerations tournament over the Xmas period was won by Robert and Hari Walton and in January our other handicap doubles weekend (the Secretarfs Cup) was won by Dominic H￿hOrn and Simon Gray. In our Andy Dawson club level singles tournament Bertie Vallat defeated Charlie Braham in the A Grade final. The B grade victor was Guy Rubin. the C grade was Stuart Allison, the D grade was Alex Maccallum •nd the E grade was Rithaid Allin. The singles handicap winners were Henry Green {the Penthouse Cup). Davbd Sewell (the Smith Bingham Trophy) and Richard Allin (the Coote Decanter). Our Under 24 toumament {the Page Cup) was won by Olly Munn. The Godfrny Racquet between local prep schools was won by Westbourne House School beating Cottesmore School in the Final. The Peter Lucke-Hille Cup is an interdub knock04rt tournament (sponsored by The Dedanists. Foundation) for junior players with handicaps hEher than 70. Twelve tlubs entered this year. and the Petworth team defeated HolyFJOrt in a hark place, and Robert Muii ran another successful Golf Day at Cowdray Parl which was won by David Sewell. Our membefship decreased slightly to 477 (2024-479). The directors of the Charty are grateful to our members for their enttjuragement and financial support. They would also like to thank Rathbone In¥e5trnent Management (Chichester and Winchester offitesl for their kind support of junior tennis. Hnan(lal Revle The net movement in funds for the year ended 30 June 2025 was a surplus of £15,26212024- surplus of £10,681). Income frorn donations and legacies decreased frorn £91.222 to £90.051. Expenditure on charitable activities decreased from £90.970 in 2024 to £75.107. The investment in accumulation units in the COIF Charities Investment Fund, a listed investment in the United Kingdom. had a'net loss in the year of £1.654 {2024- gain of £9,174). At 30 June 2025 there bvas an unfealised gain on the total investment of £75.LMX) of £13.44212024- £15.0961. The Charity has £57,893 invested in a 2-year fixed rate busines5. trust and charity bond with an interest rate of 4.25%, which matures on 6 January 2027. The Charity also has £31.519 invested in a charity >year bond with an interest rate of 5.05%, maturing on 9 November 2026. Bank interest receivable amounted to £4.17112024- £3.132). Unrestricted funds at 30 June 2025 amounted to £165,24912024- £149.987). Petworth House Tennis Court Limited Report and Accounts- year ended 30 June 2025 The prime Tisk to the Charity is that fvnds ratsed fail to meet liabilities as they fall due. This risk is rnitigated as the Directors have prepared and considered expected cash flows such that they are confident that they will have the funds to meet all l*bilities as they fall due. Reserve5 poIi¢y Reserves are needed to bridge the eap between the spendir¥ and receiving of income and to cover unplanned expenditure. The trustees aim to continue to build up the unrestricted reserves of the Charity as these will reflect cash funds that will enable liabilities to be rnet as they fall due. Dlrectorg responslbllitles in rela￿n to the finantial staten*nts The Directors are responsible for Pfeparing the Directors. Rewrt and the financial Statements in accordance.with applicable law and United Kingdom Accountiw Standards Iunited Kingdom Generally Accepted Accounting Prarticel. Company law requires the Dirertors to prepare financial ststements foy each financ￿1 year, which give true and fair view of the state of the affairs of the tharitable company and of the incoming resources and application of resources. including the income and expendituwe. of the charitsble company for the year. In preparing these financial staternents. the Dirertors are required to: selert suitable accounting policies and apply them consistentty- observe the methods and principles in the Charities SORP: make judgements and estimates that are reasonable and PTudtht" prepare the financial statements on a goirvx concem basis it is inappropriate to presume that the Foundati￿ will continue in operatK)n. The Directors are responsible for keeping proper attounting records which disclose with reasonable accuracy at any tirne the financial position of the charitsble company and enable them to ensure that the financial statements compty with the Companies Act 2006. They are also re5ponsibte for safeguarding the 55ets of the charitsble company and hence for takirE reasonable steps for the prevention and detection of fraud and other irregularities. The Dirertors are responsible for the maintenance and integrity of the corporate and financial information Included on the charitable compan¢s website. Legislation in the United ￿ngdoM governing the preparation and dissemination of the financial statements may differ from legtslation in other jurisdiction roved by the Directors on 22 Septernber 2025 and signed on their behalf by: ulian Wilkin50n Chairman Petworth House Tennis Court Limited Report and Accounts - year ended 30 June 2025 INDEPENDENT EXAMINER'S REPORTTOTHE MEMBERS OF PEfwoRTH HOUSETENNIS COURT LIMITED FOR THE YEAR ENDED 30JUNE 2025 I report to the Charity Trustees on my examination of the financial statement5 of Petworth House Tennis Court Limited (the Charity) for the year ended 30 June 2025. 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 fjnancial statements accordance with the requirements of the Companies Act 2c￿6 (the 2LKJ6 Actl- Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act alld are eligible for independent examination. I report in respect of my exarnination of the Charit￿5 financial statefflents carried out under section 145 of the Charilie5 Act 2011 Ithe 2011 Actl. In carrying out my exarnination I have followed all the èpplicable Direction5 given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examiner'5 statement 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= 11 accounting retords were not kept in respect of the Charity as required by section 386 of the 2006 Act,. or 21 the financial statements do not accord with those records,. or 31 the financial statements do not compty with the accounting requirement5 of section 396 of the 2￿6 Att other than any requirement that the account5 give a true and fair view which is not a matter considered as part of an independent examination: or 41 the financial statements 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 IFRS 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 financial statements to be reathed. Mamade R Suleman FCCA SBM Associates Limited Freedman House. Christopher Wren Yard 117 High Street Croydon, CRO IQG 19 January 2026 Petworth House Tennis Court Limited Report and Accounts- year ended 30 June 2025 STATEMENT OF FINANCIAL AcnvmES FOR THE YEAR ENOED 30 JUNE 2025 Year to Year to JOJ￿e 2025 30June 2024 Income: Donations and legxies Income from charitable acti¥itses Investment income- bank interest receivable 90.051 91,222 4.171 3,132 Totsl Income 94.222 94,354 ExpendI￿re. Expenditure on raisirq funds Expenditure on charitable artbVIt￿. Interest payable and similar charges 75.107 2.199 90.970 Total expendlture 92.847 Net Income 16.916 507 Net galnl(1055) on investn (1,654) 9.174 Net M(y•ement in Funds 10.681 Unrestricted Fund5 tsTO￿t forwa￿ at i Juty 2024 149.987 139.306 Unrestricted Funds carried foThrard at 30 June 2025 165.249 149.987 The above results are derived from continuing activities and relate to the uniestr*ted income fund. There were no other recognised gains or losses other than those Stated above. Petworth House Tennis Court Limited Report and Accounts- year ended 30 June 2025 Company Number- 06738258 BALANCE SHE￿ AT 30 JUNE 2025 2025 2025 2025 2024 Total Funds Funts Funds Flxeal ossets Tangible assets Heritsge assets InvestrnentS Total flxed assets 21x1.317 75.283 275.60D 282,Ll)9 177.854 378.171 177.854 75283 453A54 186,329 468,338 Cunentossets Debtors Cash at bank and in hand Totsl current assets io 3.890 17.326 21216 5,828 20,688 26,516 17.326 2L216 Liabllltles Creditors. amounts falling due within one year li I￿}4,￿) 181922) (137,8331 (111,317) Net tyrrent ￿abIlItIeS (82,922) Totsl assets less current Ilablliles 295249 75283 370.532 357.021 1130.IXKI) (tso,000) Net assets 16%249 75,283 240,532 227,021 Thefvnds ofthe Charty.. Unrestricted income fijnd Restricted fund Total (harltylwds 165.249 165.249 75.283 75.283 75,283 240,532 149,987 77.034 227,021 13 165.249 Petworth House Tennis Court Limited Report and Accounts- year ended 30 June 2025 For the year ending 30June 2025. the Charty was entiiled to exemption frorn audit under section 477 of the Companies Act 2CM)6. The membefs have not required the Chawity to obtain an audit of its accounts for the period in question in accowdance with section 476 of the Companies Act 2ThJ6 The director5 acknowledge their responsibilities for a) ertsuri￿ that the charitsble company keeps acCoUnti￿a records that comply with Sections 386 and 387 of the Companies Act 2006: and bl preparing financial ststements vlhich give a true and fair View of the stste of affairs of the charitable company as at the end of each financial year and of its Surplus or deficit for each financial year in accordance with the requirements of Sertions 394 and 395 and which otherwise complywrth the requirements of the Companies Art 2006 relatin8 to financial statements, so far as applKable to the thartsble company These financial ststements have been prepared in accordance with the spec￿1 provisions of Part 15 of the Cornpanies Act 21x16 relatine to small charitsble compani roved by the Directors on 22 September 2025 and siened on their behalf by: ian Hill io Petworth House Tennis Court Limited Report and Accounts-year ended 30 June 2025 NOTES TO THE ACCOUNTS l. Accounting Policies Petworth knuse Tennis Court Limited is a private cornpany limited by guarantee incorporated in England and Wales. The registered office is Estste Yard. Park Road. Petworth, GU28 ODU. {a) Basis of preparation The financial ststements have been prepared in accordance wtth the Chari￿5 ArtKles of Association. the Companies Act 2006 and "Accounting and Reporting by Charities: Staternent of Recornrnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffettive l January 2019}-. The charity is a Public Benefit Entity as defiMd by FRS 101 The Charity has taken advartage of the pr￿ls1onS in the SORP for charities applyi￿ FRS 102 Update Bulletin I not to prepare a Statement of Cash FI￿. The financial statements are prepared in sterling. whKh Is the functional (urrency of the charity. Monetsry amounts in these financial statements are rounded to the nearest £. The financial staternents have been prepared under the histoftcal cost convention. Ib) Funds Structure The Company has a restricted fund and an unfestriLted incorne fund. The Directors may. at their discretion. allocate any part of the unrestricted income fvnd to the purposes of the Charrty. Icl Income recognition polKie5 Items of income are recognised once the Charity becornes legally entitled to the i￿Orne, it is probable that the income will be received. any performance conditions have been met or are fully within the control of the Charity and the arnount can be measured reliably. Membership subscriptions and sponsorships are included as Incorne from donations as these are. in substsnce. donations rather than payment for goods or services. Gift Aid is specificalfy related to the onginal donation. Idl Expenditure recognttion Liabilities are recogni5ed as expendrture as soon as there is a legal or constructrve obligation committing the Charity to the expenditure. it is probable that settlement will be required and the amount ofthe obligation can be measured reliably. li Petworth House Tennis Court Limited Report and Accounts- year ended 30 June 2025 NOTES TO THE AccouNfs (Continued) (el Tangible Assets Tangible assets are recognised on the balance sheet at cost. Deweciation 15 provided to vKite off the cost of the asset over its useful economic lrfe which for leasehold irnprovements is estimated at fifty years and for furniture and equiprnent is estimated at five year* lfj Heritage Assets Heritage assets are not recognised on the balance sheet as information on their c05t or valuation is not available and such information cannot be obtsined at a c¢)st tommensurnte with the benefit to the users of the financial staternents. (gl Investments Investments in shares, whKh can be publicly traded. are measured at falr value (market value). Movements in market value are shown as unreafised gainslknes in the Statement of Flnancial Activities. Cash and cash equivalents are recoenised atamortised cosL {h} Government Grants Government and other Erants had PTeviousty been recognised using the accrual rnodel option lsertion 24 of FRS102) that is not perrn￿ed by the Charities SORP. The grants for the extenslon that were received in the year ended 30 June 2018 and earlier are now recognised in incorne in the Restricted Fund on a systematic basi5 over the experted useful life of the assets. {See note 131 {il Concessionary Loans conce￿I0nary loanr are loanJ received by the Chality to furthcr its purpo&ea and thc intcrc=t charged is below the prevailing market rates. Concessbonary loans are measured at the amount received with the carrying amount adjusted ift subsequent years to reftect repayments. 2. Golng C¢Jn¢em The Directors have made a positive assessment of the Chafit