FOR AVONTENN]S 2 Oakfield Road Bristol BS8 2AL AVON TEm￿s CONTEfqTS OF THE FINAF4CIAL STATEMEN15 FOR THE YEAR ENDED 30 SEpfKMBER 21)22 Report of the Trnstees Ind¢porAdtsnt Esaminer's Report 7 to 8 ststemellt or￿￿￿DelAI Adivitie BalAJe¢ Sheet 10 to 11 Notsj to the Fittanciol Statsments 12 to 22 AVOP4 TENNIS (REGISTERED NUMBEK. 1188388) REPORT OF THE TRUSTEES FOR THE YEAR EfiDED 30 SEFfEMBER 2022 The trustees who are also directorn of the CI￿lty for the putpose8 of the Companies Act2006. presellttheir report with the financia] statements of the charity for the year ended 30 September 2022. The tr￿eeS have adopted t provisions of Accounting and Reporting by Cfftwities: Statement of Recommended14xctice applicable to chaTiti¢s preparirftg their accounts in a¢c4)rdance w2th the FirJan¢1￿ Reporting Stat}d￿d applicable in the UK and liepublic of Ireland (FRS 102) {etYective l January 2019). fNCORPORATION The Charitable company was ine4)ryxrted on 6 Ma￿￿2020 but dtd not commence tr￿ling until l Octob¢r 2020. The fjjtth ofthe ori￿n￿l ￿0ciatiOn w￿e transfThJ to th¢ new CIO with effec4 from l oCtoE￿ 2020. OWECTIVES AND AcrIvrriES Obje¢tlve8 and aiD The Avon Tennis Tn]8tees review the aim4 Objectiv￿ ond activitiG4 of the charity each year. The Avon Tetinis charity regularly Teviews tbe success of key activities and the benefits the charity brought to those groups of people that it is set up to help. reviews also help the Avon Termis Trustees etL%ure the ¢h￿ity'S aim objectives and activities remained focused on its stated Purpo￿. This rel￿ refjects on what the charity ]]as acbi¢ved and the outcomes of its WO￿ in the rewt1ngp￿io The truste¢5 have referred to the guidance wntsined in the Charity COM]Di￿10n,$ general 8uid8nce on public Lxnefit when reviewing the ctwity's &illL8 aDd objecttves and ill planniDg its fvture a¢tiviti¢s. In parttcular, the tnL8te¢s wnsidcr how pknned activities will contribuÈe to tho aims 8td objertives that have 8eL The promotion of eommunity participAtion in healthy recrntion for the benefit of the inhabitants of the are fornerfy known as Avon (Bath & N E Somerset, City of Bristol, N Somerset and S Gloucestershire) by the provtsion of facilities frirpl&ying tenDi& Sigllificant aetivili¢8 - Manage the develorAneot of tenDiS in AvotL . Support jurrior t¢tll)18 dèv¢lopm¢nL Andudl￿g thc of coachiDg and compeiitioiis. . Promote and support inclusive alwj disabled te￿18 through at8nge of different initiati￿. - l)rovide bursaries to individuals who wish to be¢ome and develop as LTA qualified atld accredited ¢oachag thus enabling more people to learn and develop theirtamis playing ability. - Provide wants to tennis clubs enabling them to outreach tennis programmes in the local comnLUDity. ¢.g. schools> youttL clubs, rtc. alld develop theiT own faciliti￿ lo incre&se ina SLkntt￿b1e and safe environment. Page I AVON TENMS (REGISTERED IWMBEIL. 118W) REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 30 SEpfEMBER 2022 Publie benefit The Trustees confirn) thatthey have complied with theirduty to h&ve due regard to the guidance on public benefit published by the C]wity Commission in exercising their powers and duties. The pubRic benefii of the Charity's activities is the tmnotion oftennts &8 ahealthy sport open to evtryone in the coiw. SOCI￿ investmellts Avon Tennis does not have a S￿IfiC policy on social inve8ttnenL butmuch of Its work is for the E¢nefit of those in Avon enabling all individuals to access a sporL and the healthy lifestyle it bIings, includitig those with a disability. Gr*nt making Avon Tenni8 h&% policies in Pla￿ for the grants it makes to coaches and tennis venu¢& There are 4Jecifi¢ ¢riteria to be met and obligations to fulffl, to ¢A)sure the ￿ WAll be eff￿tive in growingthe gam Voluntsers All TnBtres and member8 of tho Executive, Financ¢ & Audit COn￿Ade¢ and Sub-Con￿tteeS are voluTtteerB and as such give their time fretly. Page 2 REPORT OF THE TRUSTEES Ch4Titable aetivities The year, to septem￿ 2021 w&s one of ren)VffiD8 frLYn the COV￿19 restri¢tions and briDgng "notmaiity. back to the tetjnis 5chethde forplayers a￿1 cluiks. Tennis was fortuDatr as being one of the fjtst stK)rts lo Op￿Trup so we had an advantage bui we Continu￿ to w¢ a Mix of M￿J1& This inclutsl the now eoujmon tschnolo8y of ' and"Teams" to deliver online eV￿ts to SiUM)rt cknb voliniteer4 plaY￿S atsd coach¢s and assist with 8ny ¥ey issues and chalkllges (fina￿1￿1 a￿1 wactical). On nearly 2(Ki juniors {8ged 8 to 18) atteDkd regular Courrty cothg from January and their T onanational tealn b&8is dwingthe yearw&stheb&st everwith amajorAty ofthe teams rea¢l￿ngtheNfittonal Fina]s. Of particu]arnote was the Girls 14 andundtttram Trybol￿¢8MeNati0r￿l cFAnp1o￿ èndcoDsequently were along with the boys te￿ toreEYeSentEDgla￿[ inthe HomeNa¢ion8 Tow[t￿L The team subseqwitly won and became Home Nati(L8 CbanipioA8. A variety of c4)mFtitions were beld drougbrArt tE¢ y￿, rovuing all age grout4 atml the ev¢r p)pul&r Avon recoverèl from COVIDrestrictiotLq kn lthvem￿ethOll 700p￿]e playing every Friday dutingthe summer Grant knding w&s w0vid￿ to tiine projects to Lssist the gromh of IncR￿10n and disabÈbty at14)cal clubs. Th&8e ojects covered awide raDgeofindividu8L8. ]￿lUd￿￿. ttmise with IKariDgpmblents" aPttinsons' group. visualty impaire4' leamiDg disabilitiffj an￿ all Intr￿UCtion to waiknng teonls {to ￿1p tlJ)se reAxyvering from hifve swgery cf J￿4t W8nting to getactive agaAn>. We 8]sowisted with but5aries toelevencoxb&8 wdntiDgto develop11￿￿ves aDJc]iD)b the coaching pathway. Three Th loaw wtre provideAJ to help imwove atMI dev¢l(y Club ￿llI1￿4 thus e￿]1￿£ them to inoEase their and Ca￿ty to memb¢r8 of the I(￿1 wDJnuaity. fknpite the economic pressurts our corymte ptss We￿ keen to swrtaV8riety of activities. it]cluding junior developmen¢ disability tennis and othrea¢h We ate ￿ 4JpKecialive of tr¢ comTnitment given and their contribuÉion truly maka areal difference. ImvestM¢ffjt perforniance valuation of th￿¢ fiDbJs. REPORT OF THE TRusfEES FOR THE YEAR ENDED 30 SEPTEMBER 2022 NANc￿L R￿￿Ew Financial position In¢ome for the yeaT w&8 predominantly relate41 to clubfvenue Te8istr8tion f¢ts. Y￿10T Training Squads, Avo TennisLtagues andpartnership fi￿di￿ Tr ¢haT1￿S It￿Orne for the periiKI ut)d¢r r¢vi¢w amounted to £171517. ￿%￿di￿reaM0vlltedto $204.990, re5ultingin anoperational Ic6s forthe year of£32.473. This loss was prirnarily due to the swcess of our teams in the LTA County c￿ COm￿titIon￿ Ttsulting in uneX￿Cted travel, accomEtLIMlation andm¢al the 14 anduuderteam ￿llng &skoltorepTrWtEngaT￿ attheHome Nattons toumament (¢£6.O¢Y)). In addition. with finAnci41 maTkcts goiDg throu￿ a downtum to both home and I[Etern￿Onal facto￿. o investments fell in value. As at the end of & year the 10&8 on invastments w89 £44,681 At 30 September 2022 totaiunrestrictedfutjds amountedto£292,E07 of which £270.925 washeld inan investment portfolko to Create legacy as stated in Avon T&wis RGsav¢8 a￿A Investmeth" policy. The c&sh tMx%ition of the cbarity was £25,7Tr) at the Year-￿ da￿ with I￿]d as Eestsicted fun(Is for the delivery of tk"Ta¢k]ing Iwualities Fund". Prlncipal funding sources The clwitgs PTin¢itd sources of fimding remairs fr￿n re￿iOn frotn the member cluEts and venues. The charity also re￿IVeS a grant from the 12wn Temiis Ass(Kialion (LTA) towar¢L8 the casts ￿lated to Junior traintng Illvestmenl pojlcy attd objeclives The clwity's inve5tsnents are in a wide r8nge of low to mfyjium risk illteTnthon￿ whose obi¢ctivcs arc to Ruerv&4 poiiey ReservBs are held to Si￿ two years, 0￿11￿ costs. 8llow growth to geneTrte a stable and su8tAinAble return 10 lind grdlli bursary and loan fun(liDg a￿lY111&￿' SUPFrtxr for the Iong-terni he￿th of the s￿rt and llL8nage GoiDg coneerD The trustw have identified no SI￿lficallt short or med&um terni financial Tisks to the charity's conti Coverning documeDt The clwity is controlled by its governing diKutneTh4 adeeAJ of tr￿¢ BDd Wr￿l￿tte3 a limitrAJ company. limited by guar8nte4 &$ def]ned by ts com￿lieS Act 2(K￿. AVON TENNIS (REGISTERED NUMBEIL. 118838 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEFfEMBER 2 STRUCTURL GOVERNANCE AND MANAGEMENr Ch*rity CO￿$t1￿tiOn The charity is consLithted in the forni of an A&￿￿kation Charitable In¢(ffp)rated Organisation (with voting llLe4Dber8) with limited liability. Recrultment appoSDtmeDt of truste¢8 Tn￿tee8 are elected at the AGM by the rnembers of Avon Tennis CIO. Officers of Avon TenDiS Executive Comrnitfre serve for one ye&r, ￿ otherTrustees se￿e for an initial ￿riod of 3 yegrs. Ownisaliollal structsre The Clwity h&$ a Tn￿t Boarf which is responsible for the FiEJance & A￿lIt CoD]mitr£e and the Executive Cornmittee. Th¢re is a180 a League Con)nith and Tennis D¢velopment or0￿, Ove￿ by the knutive Coullnittee. Avon Tennis wodts clos¢ly with its m¢mb¢r clth and tO￿lS venues, andthe LTA (governing body for tenDiS in the UK). Ile¢ision NA*king The TnLgtees me¢¢ regularly to discuss matters such as its ain￿, objectives, fmancial position and the fith￿e di￿tion of the Tn]sL making suTr all ttvstees have the opporLunity to particip&t& All decisions made att duly d¢xumenteiL Rlsk matyagemellt The tnL8tees cojnply with ibeir duty to identify and review the risks to which the charity is exposed and to ￿￿Vre appropriate controls in place to provide reasonable as8urance against fraud and error. Registered Charity llumber l L88388 R¢gfi$t¢red otllce COOM￿ Dingle Sports Centre COOM￿ Lane Bristol BS9 2BJ Trustees C J Satnpson Mrs K F CurIing A G Barker A R D McArthur (resigDed 15.11.22) l A]exander Page 5 AVON TENNIS OiEGISTERED NiJMBER: 118&488) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2022 REFERENCE AND ADMINJSTRATIVE DETAILS Company Se¢r¢tary C J S8mpson Independent E￿Miner Philip Evans Bsc FCA PJE Chart¢red AC￿untants 2 Oakficld Road Clifton Bristol BS8 2AL This report has been prepar¢d in accordance with the special pn)visions of Part 15 of the Companies Act 2006 relat(ng to small wmpanies. App￿Ved by order of the krf)ard of tr￿S￿¢S on.... blf£ C J Sampson- Secretary Page 6 INDEPENDEI¥T EXAMINER'S REPORT TO THE TRusfEES OF AVON TEI¥MS Ind&pendellt examiner's report to the trustees of Tenni$ C*he Company,) I report to the Ch￿￿ty tt￿te￿ on my eX8D)l￿tiOn of the accounts of the Company for th¢ year e￿Ied 30 September2022. Re8ponsibllltle8 and b4sts ofreport As ch8LIty's t￿￿eS of the Company (and also its direLtOT3 for tk purpw of company law) you are responsible for the pryaration of the acci)unts in accorda￿ with the requirements of the Comp8Die5 Act 2006 Cthe 2￿6 A¢V). Having satisfied my8e]f that the accounts of the Company are notreqillred to be audited uthPart 16 ofthe 2￿6 Act ond are eligible for indep￿lldent ￿minatiO￿ I report in respect ofmy examinthon ofyourcharity'8 accounts as ¢8nted out under Section 145 of the Charities Acl 2011 (Ihe 2011 Act,). tn carrying out my exami￿tion I have follow￿ tbe DiwttOn8 given by the Charity Commi￿10￿ under Section 145(5) (b) of the 2011 ACL AVON TENNIS Independent exawiller's statem¢nl I have completed my examinatsoL I confirm that Matt￿ Iw u)me to my attqttion in conne£tion with the or the a¢counts do not compty with the a¢￿U￿ting rwrirnents of 396 of the 2C&)6 Act other than the accouEts bave ￿t Eeen wq)arol in Accord￿ with the aThl pri￿lPleS of the Statemalt of Recommended Pta¢tice for acc4)UDtiDg and reFKrting by charities (applicable to cl)arities preparing their accounts ID￿cOrd8ntt withtheFi[w￿i￿ ReFMxtiD8StstuJatdapplic•ble inthe UKandRqiublic ofIreland (FRS I02)1 should be drawniu this report in othto pA)able 8 Utmkns￿Of the accounts to Ee reacTr￿[ Fthilip Evans Bsc FCA 2 O&fi¢ld Road C]ifton Bristol BS8 2AL AVON TEI¥MS FOR THE YEAR KI¥DED 30 SEPTEMBER 20n 30.922 Total fuDds 30.9.21 Total INCOME AND ENDOWMENtS FROM Charitsble activitie8 Parth¢rship funding Partyer8hip fulfi]ment Regtstr8tion feos Junior training squad8 es & competitions 47020 28,426 26,740 23540 47020 28,426 26,740 23,54D 22,688 26.448 22,052 11086 370 T￿ing Inequalities wt GoverntD¢nt * (CJBS) 8,100 3,009 Investrient in¢ollLe 10,643 Totsl 167J17 172 Investment managernent Costs Charitable activikn¢g County cup Partn¢Tsbip fulfilment Court booking fe¢s - Othffls Court ly)oknng fees- Juniors Juniot county Coaching fees Other direct expajses Grants 2nd bursalies distiilmjt Support Costs 61.059 28,426 IS469 11,165 1&161 11905 61,059 28,426 IS469 11,165 23,161 11,905 7,084 14,990 2,303 9,536 22,810 5,375 6,276 3284 Totsl 101516 Net gairJs/{losses) oninVeJtM￿ts NET INCOMEJ(EXPENDTfuRE) (73NI) (77,155) (16.116) RECONCILIATION OF FUNDS TotaE fund8 iyow forward S474 3T£,012 388,128 TOTAL FtrNDS CARRIED FORWARD 292ffj67 294 372,012 Page 9 BALANCE SHEET 30.9.22 RestriLXed Total fimds funds 30.9.21 Total T8￿gible assets Ittvestments tnvegtments 618 618 271L925 270925 346,785 314917 314917 368.117 Debtors C&gh at E4nk li 1.565 31230 CREDITORS 12 (￿74￿) (44744) (2&335) LIAB]LrrIEs 291667 U90 294￿￿1 371012 2J 13 UnT£gtrict¢d funds.. Restiieled fiin¢l8: 292,667 366,538 29 857 372 012 The ¢haritsble c4)mpany is entitleAJ to exemption from a￿vnI￿ Se£tion 477 of the Comp￿]1￿ Act 2006 for the year ended 30 se￿et￿b￿2O22. Th¢ members ljave not • the cimnpany to obtsin an a￿lIt of its fiDancial stst¢ments for the year ended 30 S¢ptember 2022 in acconkn with SectÈon 476 of the cLmn￿o[u ALI 2(X)6. Page IO AVON TENNIS OIEGISITRED NI3MBEIL. 118LI88) BALANCE SHEET. eoDll•wl 30 SEPTEIWBER 2022 (a) ¢n￿ring that Ihe dwilable Lxpn¥wy krys th& Lximply Se(%1￿s 386 &MI 387 of thc Compaoi¢s Act 2006 and (b) financial stat¢Jnert8 Ththich give a In* and f•w of the sLqte of of th¢ dwitabl¢ company Is at th¢ of ¢ach fin￿1￿ year &)d of its sury)lus or deficit for Cath finan¢iai year in a¢¢oThl8nce Fwith the re4Wirem¢￿J of 394 aDd 395 wh(L* otbefwise ￿mplY with the requireM￿ty of the comp￿￿¢$ Act r¢tstitig to financi￿ Statrm￿￿ ￿ far &s applicable to th¢ 21?kn.Cyrtart...XoJa..... attd wee sigDed (m its bd￿lrby. C J Sau4)$(￿. Pwii AVON TENNts Basis of preparing the financi￿ st*tsments The financial statements of the charitsble COMF￿. which 18 a wblic ￿t[ty wider FRS 101 have been prep8Jtd in aecordance with the Cbaritias SORP (FRS Etr2),A￿lmtillE and Repoitillg by cE￿itieS.. the FinanciaI RcErf)rting Stsndard appli(able in the UK Republic of Ir¢lwyJ (FRS 102) (effective I January 2019).. FinarKial Rwting &aDJard I￿2 Tr Fin8ncial ReFQTtsDg stand￿ applicable inthe UK and Republi¢ of Ireland, a￿] the ComFAni£s Act 2(￿￿. The fiDarKial 5tatallents have E¢eD ptrpared w)der the hist￿l¢al cost conventiofy with the ex•ion of investmajts wFllcb ￿e inc1￿led at market val mix11fi￿ by the revaluation of cutsin assets. nallcial Ye￿)rtIng standard 102. reduced dnel(wre aemp¢ioRs The cTrparitable wmpany IHS taken Ldvantage of the following di￿1(￿￿re extyion8 in rning these flljancial statements, as witted by FBS 102 Tr FiDatKiAI Rqw standa￿ appli￿le inthe UK and Republic of Ireland,: the Tquirem&ts of S¢ctton 7 Statement of Cth Flows: the requiremezrt of pardgrdph 3.17((D' the r4uirem¢uts of paragraplL8 11.41 11.44, 11.45, 11.47. 11.48(aKill), 11.48laXiv), 11.48(b) and 11.48(c)' the requirem￿ of paragrapbs 122A 12.27. 112SXal I12￿) arml 1229A' the r￿VIteMent of Fwa2raph 33.7. the wuir¢ment oftAraw)h 24lb) of IFRS 6. Ineome All income is r￿gnIs￿l itL the Ststallent of FiDanciaI A¢tivitie8 the thrity has entÉtiement to t fun&s. it its W￿ble that tE£ in(x)me will be re￿IVed a￿1 the atnount caD Ix nie&surwJ reliably. Government gwts which the entity reKogDiW the relatrA costs frr whi¢h the grdllt is inten(kd to Com￿. A Erant that Ixcomes rectivable ag ¢OmF¢nsation for expw or I￿e5 already IncUtt￿ or for the pu4x)se of giving immediate financial supwt to the entity with no fijttre relatrA] (x)sts SWI ￿ recogniwl in in¢ome in the period in which it E¢￿)rn￿ recav8bl EXpendIt￿re Liabilities ar¢ rexognised &8 exEwditvre os soon & there is a legal or constnthvc obligdtion wrnmitting the charity to that expendiliirfy it is prnbable that a trattsfer of ￿￿￿(￿1¢ b#￿fits will be requir&J in settiem&tt and the atnount of the oblÈgation be measutThl reliably. EX￿dit￿e is for on an ac¢n￿lS b&8is alld h&% E*en CI￿lfieAl ulliknheathngs that 2gmate all cost related to the category. V/here costs cannot be d]r￿tlY attnbuted to p￿ti¢￿aT l*adings Ilw have been allocated to activities on a basis consistent with the use of resource& Page 12 ntinue¢l.. AVON TENNIS AccouNfiNG POLICIES. contE#ued Expenditure Grants offered subiectto ￿￿1t10￿￿hIChh&venOti￿rnCtatthcYeartt￿ date noted&8 a¢ommitment Tangible fixed *Mtts ￿efi￿ Irf Offi￿ equipment Computer equipment . 2(PA ￿ cast 33% ffl cast Soeial investmellts iJKlude ¢apital inv&stmenL Taxation Fund A¢¢oulltiDg liestricted fiu¥ls ¢an only ir for Fort1￿￿ar restrict&J [ArPC￿ within ts objects of the th￿lty. Fwtber explanation of the Dature purp(xs¢ of e*h fjJl￿ is IndUd￿ in the notes to the financia] stst¢m¢nts. Pension costs 2nd other ￿￿t-retIremellt benefits The charÈtable company (yeratcs a defin&J contribution r*tL%ion scherne. Contnl)utions payable to the dJ2ritsble c(Knpany's peJ]sion scheme are chty to the Ststemart of Fm8ncial Activities in the Friod to which they relate. Investments tnvestments are a forni of b￿1¢ fInanC￿ irLgtrument arxl ore initially r￿ognISed at their tra￿action value and subseqtM]t]y at their fair Val￿ as 8tthe bala￿e sheet date using closing quotsl market price. The stotejnent of finallc1￿ activiti￿ i￿]ude￿ the net gal￿ and losses ￿lsing on revaluation and Page 13 continuell.. AVON TENrqis NOTES TO THE FINANCIAL STATEMENTS. eottliDDed FOR THE YEAR ENDED 30 sKFfEMBXR 2022 ACCOUNTING POLICIES. i))mtillMe41 ImYestw¢nts All gaiTh8 And are tsken to the St&tanent of Activiti￿ &8 they arise. Realised gdiDS and value OT their purchase Val￿ if acquired subsw to the first day of the financial year. UnTealised gains and Ios8&8 are ca]culated &% the diffeffen￿ Ettween fair Val￿ at Ik year-end and their conying value. Realised and inVtslme￿ and are ¢anbilled in Statement of Financial Activities. The ti￿1n forni of fllwKial iisk by the cknity is that of volatility in c￿llty markets atsj investment mwkets due to wider econ(ffnic co￿litI0￿. the attit￿ of iDvCSto￿ to investment risL and Changes in 31K9.22 30.9.21 10,643 3.607 403 4.010 SiJPPORT COSI3 Support COM includeAJ inthe Statement of Artivitie4 are &% follows: 30.9.22 30.9.21 Advertising 335 36 1,620 330 Depre£iation exwÈ ID5UTallce IT software and Conswnables 2nd prof￿1onal fees Payroll ma1)a￿ent fee PensioE Printing, IX6ta8e and stationery Rent and rates Subscriptio￿9 Telephone wag￿ and sakni&s 1,500 1,118 3,657 650 1,436 534 932 240 1.063 27,798 1.594 261 670 200 882 9 40226 Page 14 continue