REGISTERED CHARrrY NuBER. 1188388 REPORT OF THE TRUSTEES AIYD UNAUDTTED FJNANCIAL STATEMEwrs FOR THE YEAR ENDED 30 SEvfEMBER 2024 FOR AVON TENNIS CIO PJE Clwtered A¢wuntauts 2 Oakfield Road Clifton Bristol BS8 2AL
AVON TEIYMS CIO CONfENtS OF THE FINANCIAL STATEME FOR THE YEAR ENDED 30 SEFfEMBER 2024 Report of the Tte¢S I to 7 Independent Examiner's Report St*t¢mellt of Financial Activities B414n¢e Sheet 10 to 11 Notss to the Fittatt¢ig1 Statsments 12 to 21
AVON TENNIS CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEFf£MBER 2024 The tsustees present their reEK)rt and financial statements for the year ended 30 September 2024. The financial statements have been prepared in OrdanCe with the accounting policies set out in note I to the accounts and comply with the Charities Act 2011 and Accounting and Reporttng by Chartties.. Statsment of Recommended Practice applicable to ch¢Wities preparing their accounts in a(cordan¢¢ with the Financial Rcporting Standard applicable in the UK published ijn 16 July 2014. Objeetives 8nd aims The Avon Tennis Trustee5 rcvicw th¢ ain)& objectives and activities of th¢ charity each year. The Avon Tennis Clwity regularly reviews the success of key a¢tiviti&8 and the benefits the ¢11ority has brought to those groups of people that tt is set up to hclp. These reviews also belp the Avon Tennis TTUStees ensure the charity's aims. obj¢¢tives and activities remalned focused on its statrAJ purposes. This report refiects on what the charity has achieved and the outcomes of tts work in the rertIng riod. Th¢ trustees have referr&l to the guidan¢Y wntained tn th¢ Charity COMMI10,5 general 8uidance on publTC benefit when reviewing the charitys aims and objectives and in planning its future activities. In particular. the trust¢es consider how planned activities will wntribute to the aims 8nd objectives that have E*¢n set. Signifi¢8nt aetiviti Manage the development of niS in Avon. Support junior tennts developfflenL including the progrdmming of coaching and competitions. Promote alld support inclusive and disabled tennis ttrollgh a range of different initiative5. Provide bursaries to individuals who wish to btand d¢v¢lop as LTA qualified and accredited coaches thus enabliDg fflore p¢ople to learn and improve their tennis playing ability. Providc grants to tennis clubs enabling thetn to run outreach tennis prowmes in the local COEtununity, e.g. schools, youth clubs. etc. and develop their own facilities to Ie&Se in a sustainabl¢ and safe environment Public bellefit The trustees confirni that they have complied wtth their duty to hav¢ due regard to the guidance on public benefit published by the Chartty Commission in exercising their powers and duties. The public b¢n¢fit of the Chariws activtties is th¢ pn)motion of tennis as a healthy stx)rt opcn to everyone in the County. SoeiAI illvestmeDts Avon Tennis does not have a SEttific wlicy on swial investmenL but much of its work is for th¢ berKfit of those in Avon enabling all individuals, including thosc with a disability. to access a sporL and the healthy lif¢style it brings. Grnnt making Avon Tennis has policies in Pla for the grants it mokes to coaches and tennis venues. There arc specific criteria to be met and obligations to fulfil. to ensur¢ the grants will be effective in growing the game. Volunteera All trustees and memkrs of the Executive, Fillance & Audit Committee and sub-committees ar¢ volunteers and as such give their tim¢ frttly. Pege I
AVON TENNIS CIO REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 30 SEPTEMBER 2024 ACHttVEMENT AND PERFORMANCE Charitable activities Throughout the year Avoll Tenllis ¢ontinu¢d to ¢ngage with a wide range of venues, volunteers, players and coaches to assist with issues and challenges {faTr¢ial and prncticai) and to ¢4w]re we Teach as wide an audience &s wible. As at the end of SepteTnber the LTA Tew>rted that over40.000 adults were playing tentki5 in Avon at least onc¢ a month, the highest lev¢1 since records startd. With 66 tennis clubsfvenues and 4 specific padel centres in the County, plus several refiwbished I1 authority tennis Cour tbetr a wide choice ftIT those who wish to ¢njoy either tenni8 padel or both. In accordanc¢ with our cEwitable objectives Avon Tenni5 has on¢¢ again promoted inclusiv¢ community participation in h¢thY tTcTeation through its programmes and initiatives. A well-attended-open ¢owf Meeting beld tn the ¢arty part of the year attra¢td voluDteers and coaches from different venues who wer¢ brought up to date wtth presentatioDs from SENSE. Access Sport and th¢ LTA Disability Development Partner. A5 at the end of September 2024 th¢re were over 16 Yenues delivering a vartcty of inclusive tennis activities. include walking tennis (to help those recov¢ring from hip/knee surgery or just wanting to get active againA visually impairul tenni4 wheelchair tennis, tennis for neurodiversity alld learning disability. addition. indivtdwdl events have included: hosting a walking tennis festival in May. being part of a UK walking tennis ev¢nL representation at Ignite events. facilitatitig bespoke training whi¢h h&s l*en delivered by Ac£ess and SENSE. Future plans include taking suitable activities into nursing IKTrmes and organiw a pan disability tournament in the summer. W¢ a]so assisted with bursaries to: fourteen waches wanting to d¢v¢lop themselves and climb the coaching pathway. Several others are owrently undergoing their tiyining. In addition. we have now the scheme to those wishing to become Padel instructors. one otricial wishing to become a referee. S¢vml others have applied and are undertaking the relevant training. Grant funding is available to clubslvenues to 1St with the local development of tennis for example, Sch(15 outreach programm¢s. 8nd specific improv¢m¢nts to emergency aides likc the purch of defibrillato (AED), ¢ontinue. Our social investments continu¢ to be repaid as agreal by the several clubs w¢ have tKell supportingto irnprovc and develop club facilities. The benefits rcprted have been very a)cournging with increas¢s in membership and a r&ised profile in the Ial commwiity. The Avon Tennis Leagues w¢r¢ recognisd in th¢ Competition category of the 2024 LTA Aw8rds. winning the South & South West Regiijual award and finishing runners-up in national '£ompetition of th¢ Year". Over 1,300 players from 42 vcnues playd in the summ¢r. late summe¥ and winter leagues, which are rLm by a dedicated team of nine volwiteus. Page 2
AVON TENNLS CIO REPORT OF THE TRusfEES FOR THE YEAR ENDED 30 SEYfEMBER 2024 Chydritable a¢tivitieJ- continued The annual Spring Indoor Junior Tournament attracted an entry of over 220 from various parts of the UK" whilst the Avon Championships predominantly junior age grou was hosted by the Redland Green Club in Bristol and had 193 entries. Padel in th¢ Bristol area continues to grow, with 38 ¢Cts. The inaugural Avon Padel Chalnpionships was held ai Rocket Padel in Bristol with 63 entries in fiv¢ events. As Pad¢l grows in its wpu18rity w¢ ar¢ expectin8 an Èllcrease in LTA sanctioned COMtitIOnS in 2025. Our County rewesentstive teams continue to rfOrni well throughout th¢ various age groups with several of the junior teams rwhing the National Finals. Thi5 was reflected in the 2024 County Cup Ra (an LTA competition for a]144 County Associations. involving six junior age group4 -open" team& and the 35+ category) when Avon Tennis finishd eleventh. In additio our-seniofs Teams". rangtng from our454 to 70+ ag¢ groups p8rticipated in competitions acro&8 the county. Our commitment to the development of yOUDger playas continues with over 200 juniors (aged 8 to 18) attending County c(Mching tizining sessions. None of this would be p)ssible withoth our great team of ten juJ)ior County Coache5 and of course many thanks to the parents and earers who contribute so much of their tim¢ and support. To endorse ourthaTths to all involved we held a JuDior Presentation event in June at Coombe Dingle Sports CompleK involving fim games and a barbeque. wlLi¢h was very well attended. To recognise those many individuals who voluntsrity con1nte their time to tennis in Avon and c¢lebr&te the success of ow numerous teams we beld our"Big Night Our dinner and awards presentation ¢v¢nt. Ov¢r 120 people attended the evening wtth Avon and Regional war(Ls presentrd by LTA President Sandi Procter. Fundraising ctivits&¥ Despite the economic pressures our corEx)rate parthers supported a variety of activities. including inclusive and disability t¢nnis and Community wigr8mmes. Their commitment is greatly appr¢ciatsJ and makes a real diff¢rence. Page 3
AVON TENNIS CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 21124 Investment performaDce Avoll Tennis continues to maintain its reserves in a managed inveslment p)rtfolio with assets Spad across sev¢ral investment closses. We have also continued with our policy of adopting a medium d¢gre¢ of risk with any inveslm¢nts. Over the past 12 months mark&s hav¢ experienca a peri(xJ of re&sothle wvth with notably volatilty. Economic data has generally been positive with itfflation in the major developed econ<)mi¢s continuing to decline frorn recent highs to the target rJte of around 20/0, alongside low unemploymenL strong corporate ¢&rnings and profit margins. This ¢nabled Central Banks across the US. UK and Europ¢ to stsrt easing mon¢tary policy via the first iTrteTest cuts since the steep rise a few years ago. Throughoutthe year w¢ adopted a cautious outlook on tbe financial maTkets. Dividends typically offer a mor¢ reliable and predictable return during periods of certainty, which ¢ombin¢d wtth the itntM)rtance of cashflow, made this a sensible approach over the year. As we IIK)k ahead to the next 12 months. seveTal key factors are exE*cted to drive market returns. Many investors are pricing in a 'soft landing. scenario of acLommodative inflation and interest rates alongside resilient economy. Historically markets have shown rcsilienceto political events and the companies we invest in have notably strong balance sh¢ets. We remain thoroughly diversified by ge4)grdphy and asset ¢lass to navigate the uncertain politi outlook 8nd on bala rvnain content with curr¢nt economic oUt1k and 8rowth fore&ts. Page 4
AVON TENNIS CIO REPORT OF THE TRusfEES FOR THE YEAR KYDED 30 sEYfEMBIR 2(124 Finan¢ig1 position One of the charity's main in¢om¢ sources for the year was aa LTA *estricted" grant Under the three-year agreement that began in 2022, the LTA provides restricted fullds (£68250 in 2023ll4). which must be allocated to four core activity am: governan¢¢ and volunteerin& particl10n. wmpetitio and rfo[ManCc. OtheT significant sources of income r¢mained consistent with previous years. including parthcrship funding, Avon Tejmis Leagu¢s. and ¢ontributions frENn parents and rerS towards the costs of junior County training squads. The chty'S totsl operating income for the year amounted to £269,944, vlhile expenditure tOts]1 £252.717. This resulted in an op¢r2ting surplus of £17227, primarlly due to higher-than-cxted partnership funding. At 30 Septcmber 2024 totsl unr¢stricted fillK15 amounted to £389.961 of which £325,697 (market value) was held in an investment portfolio to ¢reat¢ legacy funding as stst¢d in Avon Tenni5 Reserves and Investment- policy. The investment wrfolio's market valuation started tbe fuiancial year at £305.024. Th¢tr were no withdrawals or investments during the year svhich provided a b&sis of continuity. InvestMt income during the year resulted in £12.930 being received. Consequently, the FKlrtfolio rethrned 6.8Yo in Capital tenns and a furth¢r 4.20/0 in income for the fillancial year. providing a total retum of I l /•. The charity's cash SItion at 30 September 2024 was £5.550. Governance costs in¢urr¢d during the year fully disclosed in the notes to th¢ accounts. Principal ndIllg sourees As mentioned pr¢viously, Avon Tennis, principal source of fimding is the receipt ofan agreed LTA"restrict¢d- Grant. This is based utK)n the number of individuals actively playing tennis in Avon. The grant agreement is being reviewed by the LTA during 2025 with a new one being offered from January 2026. Investment policy aud obje¢tiv&8 The charity's investments are in a wide rdnge of low to medium risk intffnational funds. whose objextives are to provide a secure income stream wrth opportunitics for caprtal growth. Reserves poliey Reserves are heldto SUPEK)rttwoyears' opIng costs" allowgromth io generate a Stable and sustainable Teturn to fimd granL bursary and loan funding activities" support for the long-terni health of the sport and manage Unforese events and financial uncutainty. Goittg concern The trust¢¢s have identified no significant short or mediwtR-ternJ financial risks to the c]wity's continued operation& and therefore the accounts have been prepared on the going concern basis. Page 5
AVON TENNIS CIO REPORT OF THE TRUSTEES FOR THE YEAR EJYDED 30 SEFfEMBER 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Goverllillg document Avon Tennis orgauises its chaTilabl¢ artivitie5 througb a CIO which is governed by a constitution dated 6th March 2020. The CIO is registered as a ¢haTity with the Clwity Commission under registered number 1188388. Charity ¢onstitutio The charity is constituted in the foTrn of an Aswiation Chatitsble IncorFM)rat¢d Organisation (with voting Memb$} wtth limitrd liability. Recrnitment and appointmellt of trnstees Ttustees are elected at the AGM by the members of Avon Tennis CIO. Office[5 of Avon Tennis EAUtiVe Committee s¢rve for one year, all other trustees serve for an initial peri(xl of 3 ye4rs. Orgnistion%l structure The Charity has a Trust Boart which is responsible for the Finance & Audit Committee. Safeguarding and the Executiv¢ Committee. There is also a L£ague Committee and several Working groups, overseen by the Exe¢utiv¢ Committee. Avon Tennis works closely with its manrcIbS and t}nIS venues. and thc LTA (governing EY ftbr tennis in the UK). Decision making The tntee$ meet regularly to discuss rnatt5 such as its aims. objectives, financial positioffj and the futu direction of the TrusL making sur¢ all thistees hav¢ th¢ opportunity to parti¢ip&te. All decisions mad¢ att duly documented. Rl8k management The trustees comply with their duty to identify and review the risks to which the ckwity is expos&l aDd to ensure appropriate wntrols are in place to provide Teasothle assurnice against fraud and ffror. Page 6
AVON TENNIS CIO REPORT OF THE TRUF5 FOR THE YLIR ENDED 30 SEFfEMBER 2024 RIFERENCE AND ADMINISTRATIVE DETAItS Registered Charity number 1188388 Pr1Delp addres8 Coombe Ditigle SpN)rts Caitrc Coombe Lanc Bristol BS9 2BJ Trusttts C J S8mpsiJll Mrs K F Curling A G Barker l exander P C J Benddl Independent Examiner Philip Evans Bsc FCA PJE Charted Acc{yuts 2 Oakfield Road Clifton Bristol BS8 2AL Appn)v¢d by ord¢r of the Board of Trt (MI 18 DffCtll 2024 and signal on its beha]f by: fJL C J Sampsim. Trustee Page 7
tNDEPENDENf EXAMINER'S REPORT TO THE TRUSTEES OF
AVON TENMS CIO
tDdependellt eJarylttees report to the of Av(w TeaDiS CIO
I ryrtto the charitytrustees on my eXnIatIOn ofth¢ of AF Tenllis CIO (the Tn) for th¢ year
¢nd¢d 30 Septembv 2024.
Responsib]Ixtl&8 And b%8ia of report
As the chaTTty trustees of the Trustyou raspon5tle fir the Wel[#tion ofthe lullts in accordan with
the Iequiremerts of the chariti A& 2011 Cthe Act).
I report in respect of my MInatt0 of th¥ TnL%fs acLThttts carried out under Sthn 145 of the Act and in
carrying outmy ¢unination I1¥¢ followcd all applicable DI[¢10¥gt¥ellbYthc Charity Commission uoder
Section 145(5)(b) ofthe Act
Independent 8ttauent
Since your cbaritys in(x)me exceeded £250,(M)O your esawioff be a memkr of a list bly. I can
Acc
AVON TENMS CIO STATEMENf OF FINANCLIL ACTIVITIES FOR THE YEAR ENDED 30 SEYfEMBER 2024 30.924 Total ds 30.9.23 Totsl fitnds unstriCted Restricted fimds Notes INCOME AND ENDOWMENfs FROM Charitable aetivitie8 Partn¢rship funding Partnership fuifilm¢nt Registration fe¢s (2021r22) Junior training squads Leagues & comiKtitions Donations Grants 87006 44J71 89.265 45.682 180 28.114 28,182 5,645 67,167 270 28A31 27000 28.431 682Y) Inv¢stm¢nt income Other income 11930 356 12930 356 10,646 55 Totsl 201.694 50 269,944 274,936 EXPENDITifRE ON RaisiEtg funds 1915 1915 1.663 Charitabl¢ activities Partnership fulfilment County Cup Cotnpetition d¢liv¢ry Court booking fees- juniors Junior county waching fees Other direct expenses Grallts and bursaries distributed Supw)rt costs 44J71 3S091 14Jl 19326 15,627 2&741 44J71 70J41 16,IM)6 19,826 15,627 28,791 45,682 59,033 12,182 15,687 14,252 23,653 4.150 43,769 35250 1.71MI 28 22 727 50 50,977 Totsl 7 252 717 220 071 N¢t gains on invcstments 22J21 22J21 691 NET INCOME Transfers betYen funds 39J48 39548 55.556 14 Net movement in ndS 41288 (1,740) 39 55,556 RECONCILIATIOIY OF FUNDS Total funds brought forward 34&673 1.740 350.413 294,857 389961 389961 350,413 The notes fonn part of thes¢ fmancial ststements Page 9
AVON TENNIS CIO BALANCE SHEET 30 SEPTEMBER 2024 30.924 Tot21 funds 30.9.23 Total funds nd fimds FIXED ASSETS Tangible assets 269 2569 2.074 Investments Investments Social investtnellts 32&697 61J09 325,697 61 305.024 10 389575 389575 344,740 CURRENT ASSETS Debtors Cash at bank 3267 5550 3267 5550 351 14.507 8017 8017 14.858 CREDoRs Amounts falling du¢ within one year 12 (&431) (8,431) (9,185) NET CURRENT ASSETS TOTAL ASSETS LE&S CURR LIABILITIES 389961 389,961 350,413 NET ASSETS 389961 350 413 The notes fonn part of these firwiciaj statements Page 10 ntinued...
AVOFI T£SCIo 30 SEFIEMB£R 21)24 FUNDS 14 9901 348,6TJ 1.740 TOTALFtiriDS 1 350 413 C J Satnwm. Tn
AVON TENNIS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 ACCOUNfING POLICIES B&sis of preparing the fittgnci21 statements The financial statements of th¢ charity. which is a public Itnefft entity under FRS 102. have been prepared in a¢cordan¢e with th¢ Chartti¢s SORP (FRS 102) 'Accounting and Reportxng by Charities.. Stat¢m¢nt of R¢wmm¢nd¢d Pra¢ti¢¢ applicable to ckwities pEIllg thcir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019),, Financial Rep)rting Stsndard 102 'The Financial Reporting Standard applicable in the UK and Republic of Irelalld, and the Clwities A¢t 2011. The financial statements have bccn PPared under the historical cost conventioo with the exception of investments which are included at market valu4 a5 mi)dified by the revaluation of certain assets. The charity hos tsk¢n advantage of the following disclosure exemption in preparing these financial statements, as pemiitted ty FRS 102 Tr Financial Rep)rting Standard appli¢abl¢ in the UK and Republic of Ir¢land': the requirements of Section 7 Statement of Cash Flows. Income All income is recognised in the Statement of Financial Activiti¢s onc¢ the charity entitlem¢ntto the fund4 it is probable that the inc4yme will be received atbj the amount measured reliably. EJpenditure Liabilities are recognised as eXnditUre as S{ as th¢ is a leg81 orconstTuclive obligation committing the chatity to that expenditure. it 15 probabl¢ that a transfer of economic bcncfjts will be required in settlement and the amount of thc obligation can measured reliably. Expenditure is ac¢ounied for on an accruals basi5 and ha5 IKcll Classifi under headings that aggrcgate all st related to the rAte80ry. Where costs cannot be directly attributed to particular headiDgs they have been allocated to activities on a basis consistent with the use of resources. Grants offer¢d subject to conditions which have not been met at the year-end date are noted as a commitrnent but not accThd a5 exp¢nditure. Tgngible fixed wets Depreciation is provided 8t the following am]U rates in order to write off each asset over its estimated useful life. Fixtures and fittings Swrts equipment Compther equipment 2(f/o on cost Soclal inves¢ments Social investments are loans made to tetinis clubs to supp)rt th¢ ongoing growth in tennis. This would include capital investmenL The investmeT]t is Tneasured as the tolal amount receivable from the tennis clubs at the year-d dats. Th¢ loans Int¢$t free, unsecured and repayable on d¢mand. Page 12 ¢ontinued...
AVON TENNIS CIO NOTES TO THE FtNANCIAL STATEMENfs- continued OR THE YEAR ENDED 30 SEPTEMBER 2024 ACCOUNTING POLICIES- continued TaLqtion The charity is ex¢mpt from tax on its charitsbl¢ 8Cttvities. Fund accounting Unr¢stricted ndS b¢ used in th the charitsble objectives at the di$10n of th¢ trnstees. Restricted funds can onty be use4J ftlr particular restricted purFM)ses within the objects of the charity. Restriction5 arise when specifieAJ by the donor or when funds are rdised for particular restricted purposes. Furtber explanation of the nature and purpose of each fimd is included in the notes to the financial stat¢m¢nts. Hire purelwe f4lld leasing commitments Rentsls paid under operating leases are chargeAJ to the Statement of FinclaI Activities on a straIt- line basis over the rIOd of the le. PellsioD Costs and other post-retirement bemefits The chartty operates a defined contribthion pension scheme. Contribution5 payable to the charity's pension scheme are choJged to the Sratem¢nt of Financial Activities in the peri(MJ to which they fflate. lllvestments Inv¢stm¢nts ar¢ a forni of basi¢ financial instrume and aJE initially recognised at their transaction valu¢ and subs¢qu¢ntRy measured at their fair value as at the balancc sheet date using the closing quoted Met price. The statement of financi81 tivitieS includes the net gains and losses arising on revaluation and disposals throughout the year. The charity dS not aqui put option% derivatives or Oth complex financial inslnllnents. All gains and losses raken w tt)¢ siaTan¢nt of Fitwiciaj Activiiies as they arise. Realised gains and losses on inv¢slm¢nts ar¢ ¢al¢ulated as the difference betwll sajcs pr(*e¢ds and th¢ir opening carrying value or their purch&%e value if acquired subs(4uent to the first day of the financial year. Unrealised gains and losses cal¢ulated as the difference betwe£n the fair value at the year-end and their carying value. Realised and UnTeI$¢d inveslment gains alld losses are combined in the Statement of Financi A¢tiviti¢s. Th¢ main forni of financial risk faced bythe charity isthat of volatility in equity mark¢ts aThd investment markets due to wider economic condition8 th¢ attitude of investors to investment risK and changes in sentitnent concerning equities and within particular sectors or sub Sectors. Page 13 continued...
AVON TENMS CIO NOTES TO THF. FINANCIAL sfATEMKNfs. tonttDue41 FOR THE YEAR ENDED 30 SEYfEMBER 2024 ESTMEwf ThCOME 30.924 30.9.23 Inv¢stm¢nt income 12,618 312 10,517 129 12.930 10,646 RAISING FUNDS Investment manwment tosts 30.924 30.9.23 Portfolio management 1915 1.663 SUPPORT COSTS SupFKTrrt costs. included in the Statement of Financial Activities. ar¢ &s follows: 30.924 30.9.23 Advertising Depreciation ¢xpense Independent examiner r¢muneration InS4ce IT software and ¢onswnabl¢ Loss on s&le of tangible rd ets Payment processing fees Pensions Printin& postage and stationery Rent and rates Subs¢riptTons Telephone Wag¢s and salari¢s 1000 30 599 1,380 1.599 3.488 1,560 1.629 149 281 1,491 445 3204 341 1.179 33.921 250 1,503 509 3,204 288 864 30,055 50,977 43,769 Page 14 ¢ontinued...
AVON TENNIS CIO NOTES TO THE FINANCIAL STATEMENfs. continued FOR THE YEAR ENDED 30 SEPTEMBER 2024 30.924 30.9.23 F¢¢s payabl¢ to ind¢pend¢nt examiner 1.380 TRUSTEES, RElkTUNERATION AND BENEFrrs There were no tnees, remuneration or other l*nefits for the year end&1 30 September 2024 nor for th¢ year end 30 S¢ptemb¢r 2023. Trn8tees' expeD8es Ther¢ were no tnWe¢s' expenses paid for the year ended 30 September 2024 llor for the year ended 30 S¢ptember 2023. STAFF COSTS The average monthly numlxr of employees dwing the was as follows: 30.924 30.923 Administsxtion No employees r¢c¢ived ¢moluEn¢nts in excess of £60.(M)O. Page 15 cknntinued...
AVON TENNIS CIO NOTES TO THE FINANCIAL STATEMENTS. eoAtinMed FOR THE YEAR ENDED 30 SEvfEMBER 2024 TAI¥GIBI FIXED A&SETS Sports uipment Computer equipment fittiDgs Totals COST At l October 2023 Additions Di8w)sals 1.7W) lJ30 3J81 1,612 6,611 1.612 196) At 30 September 2024 1,71N) 1.134 5,193 DEPRECIATIO At l October 2023 Charge for year Eliminated on disposal 1,71KI 2J37 590 4537 378 (47) (47} At 30 S¢ptemb¢r 2024 1.71MI 631 3.127 5,458 ET BOOK VALUE At 30 September 2024 2569 At 30 Septemb¢r 2023 1.030 1.044 2.074 Listed investments At l October 2023 305,024 12.471 (14.119) 22,321 AdditiOTl$ St ¢ost Disw)sals at CaTrying value N¢t gain on revalu&tion At 30 September 2024 325,697 Net r¢l¢ased in the year was £1.648 (2023: net cash inVe¢d £33.408). NET BOOK VALUE At 30 S¢ptcTnb¢r 2024 325,697 At 30 September 2023 305,024 Page 16 ontinu¢d...
AVON TEIYNIS CIO NOTES TO THE FINANCIAL STATEMENfs. eontiDYd FOR THE YEAR EfADED 30 SEpfEMBER 2024 FIXED ASSET INVESTMENtS. contiDue Investments at fair value comprise: 30.924 30.9.23 UK Equities UK Bonds nternational Pooled Funds Cash Other Investments 49,957 73J25 162,067 IJ04 39.044 82.833 70.702 123.931 1,757 325,697 305,024 io. MARKET VALUE At l October 2023 New in year Repayments in year 37,642 30,000 At 30 S¢pt¢mb¢r 2024 61 J09 NET BOOK VALUE At 30 September 2024 61 At 30 September 2023 37,642 oro interest fr and repayf4bl¢ over a maximwrb wod of 10 ye#T#. 11. DEFfoRS: AMOUNtS FALUNG DUE WITHIN ONE YEAR 30.9.24 30.9.23 Trade debtors Other debtors Prepayments 351 470 351 Page 17 ¢ontinu¢d...
AVON TENMS CIO NOTES TO THE FINANCIAL STATEMENfs- eontinued FOR THE YEAR ENDED 30 SEvfEMBER 2024 12. CREDITORS: AMouNfs FALLING DUE wrrHIN ONE YEAR 30.924 30.923 Trade ¢r¢ditors Taxation and social security Othu cr¢ditors 1,776 311 172 191 13. LEASING AGREEMENrs Minimum leas¢ pmyrnents under DOn-&et11&b]e opKrating l¢&g¢s fall due as follows: 30.924 30.923 Within one year 1.508 14. MOVEMENf IN FtSNDS Net Transfers movement betwecn in funds funds At 1.10.23 At 30.9.24 Unrestrieted funds General fund 348,673 39548 1,740 389961 RtriCtsd funds Tackling inequalities 1.740 (1.740) TOTAL FUNDS 39 389,961 Net movement in funds, included in the ave are &% follows. Incoming Resource5 Gains and Movement losses in funds Unre8tri¢¢ed funds General fimd 20104 (184.467) 22J21 39J48 Restricted fuodg LTA Grdllt &8250 (68250) TOTAL FUNDS 269.944 2517171 22J21 39548 Page 18 continued...
AVON TENNIS CIO NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 30 SEPTEMBER 2024 14. MOVEMENT IN FUNDS- ¢oDtinu¢d Comparatives for movement in funds Net movement in funds At 1.10.22 At 30.9.23 UDre8tri¢ted G¢neTai fund 291667 56,006 348.673 Restrieted fumds Ta¢klin8 in¢qualities 2.190 (450) 1.740 TOTAL FifNDS 350.413 Comparativ¢ Th¢t movement in fund4 included in the alxwe aTe as follows". InLxyming Resources Gains and Movement losses in funds Unrestricted funds General fulld 209.936 (154,621) 691 56.006 Re8tri¢¢ed funds LTA Grant T&cklin8 inequalities 65.0(K> (65.000) 450 65.IMM) 450 TOTAL FUNDS 274 936 220.071) 691 Page 19 continu¢d...
AVON TENNIS CIO OTES TO THE FINANCLIL STATEMENfs- contiDD FOR THE YEAR EfADED 30 SEvfEMIIER 2024 14. MOVEMENf IN FUNDS. ¢ontinued A current year 12 months alld prior year 12 months c(Mnbin¢d FK)sition is as follows.. Net TrdnsfeTS movement itheen in funds funds At 1.10.22 At 30.9.24 Unreslricted funds Gcneral fimd 291667 95.554 1,740 389,961 Re5tri¢ted funds Tackling inequalities 2.190 (450) (1,740) TOTAL FUNDS 294.857 95.104 389961 A curr¢nt year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows: Incomtng Resources GaiDS and Movement r¢source5 expended losses in funds Ullreslri¢ted hnds Genernl fimd 411.630 (339.088) 23,012 95,554 Restrirted ndS LTA Grant Tackling inequalities 133250 (133.250) 450 133 450 TOTAL FUNDS 544.880 472.788) 23.012 95,104 Page 20 continu¢d...
AVON TENNIS CIO OTES TO THE FINANCIAL STATEMENTS- ntinUed FOR THE YEAR ENDED 30 SEPTEMBER 2024 15. RELATED PARTY DISCLOSiJRES There were no related paty transactions for the year ended 30 Septoniv 2024. Page21