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2021-12-31-accounts

REGISTERED COMPANY NUMBER: 12013036 (England and Wales) REGISTERED CHARITY NUMBER: 1191997

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

MORETON MORRELL TENNIS COURT CLUB LTD

Murphy Salisbury Limited Chartered Accountants 15 Warwick Road Stratford upon Avon Warwickshire CV37 6YW

MORETON MORRELL TENNIS COURT CLUB LTD

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14 to 15

MORETON MORRELL TENNIS COURT CLUB LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of 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 Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Purposes of the charity

The Club is established for the following purposes, defined in the Articles of Association:

a) The promotion of community participation in healthy recreation, in particular by the provision of facilities for the playing of Real Tennis in the Midlands of England.

b) To conserve, preserve and improve for the public benefit as a building of historic interest the Real Tennis Court at Moreton Morrell, Warwickshire CV35 9AL, and to educate the public about the history and heritage of the building.

The trustees set two financial priorities for the year: to maintain a cash reserve of twelve-months' operating costs, and to seek additional funding and/ or generate sufficient profit to maintain the historic tennis court building. Alongside these financial priorities we sought to maintain our focus on increasing membership and widening the schools programmes and community access offered by the charity in order to meet the needs of a diverse range of individual users and groups.

Activities in relation to those purposes

The main activities in support of the purposes are:

Public benefit

The Trustees confirm that they have complied with their duty under Section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit.

Volunteers

The charity does not have any volunteers other than the trustees and ad-hoc members of the board.

Page 1

MORETON MORRELL TENNIS COURT CLUB LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

ACHIEVEMENT AND PERFORMANCE

Charitable activities

We had 184 members across a number of categories in the year starting in January 2021. Membership numbers were unaffected by the pandemic. Membership activities attracted 19 new members and 15 members left.

We were required to close completely up to 12th April 2021 due the COVID-19 restrictions. From 12th April until 16th May we re-opened on a limited daily basis, following our Governing Body's recommendations for lessons and single-household games only. We continued to utilise our online booking and payment system to ensure we did not exceed numbers allowed in the building and to collect contact information in case required for the NHS test and trace system.

From 17th May onwards we reinstated the full daily court bookings whilst maintaining protocols to keep in step with government Covid-19 guidelines. We were able to offer facilities for use by community groups during this period and initiated a junior membership drive and skills development programme.

For the second half of the year the court utilisation was healthy: 83% for weekdays and 50% for weekends, 73% overall.

The playing facilities and building were maintained through the period with various reactive works including a new flat roof membrane over the flat, repaired ceiling in the men's changing room and repainted / reglazed court windows. It is also noted that the restored court floor, laid last year, is performing well and has no teething problems other than longevity of painted lines. A quinquennial building survey was commissioned and the report is being digested to develop a 5 -year building maintenance plan.

Fundraising activities to replenish costs of the floor restoration continued through merchandising and small events. The Floor Monthly Donation Scheme period ended in December and was converted into an ongoing Building Maintenance Fund Monthly Donation to which almost all members agreed (i.e. did not opt out). A fundraising Gala Dinner is planned for June 2022, having been delayed by the pandemic for the past two years.

FINANCIAL REVIEW

Financial position

The trustees are pleased to report that the charity's financial position is good. Whilst we did not fully achieve our financial objectives set out above we continue to fund raise. We plan to hold a Gala Dinner which it is hoped will generate good surplus to boost our reserves and we have also introduced a voluntary monthly contribution towards the property maintenance reserves.

The club has recovered strongly after the covid-19 pandemic and reliance on government support has been significantly reduced.

During the year the club received a donation in specie in the form of the freehold property from which the club operates. This was valued in its current use and condition by the trustees at £250,000.

The total net surplus for the period was £284,247 which included the above-mentioned donation of £250,000.

Investment policy and objectives

The Charity's memorandum and articles of association authorise the trustees to invest or deposit funds as may be thought fit.

Reserves policy

The trustees have a policy of maintaining a level of unrestricted reserves which should ensure that there are adequate funds to meet anticipated future liabilities. In practice, the trustees consider that holding reserves equivalent to a minimum of twelve months' core costs (considered to be non-operational minimum annual upkeep costs) excluding funds tied up in fixed assets, should provide sufficient funds to respond to adverse changes in the charity's funding or activities. This is estimated at £30,000. Total reserves which stood at £409,103. £364,856 of this is represented by the freehold property and the remaining £44,247 are un-restricted and held to meet the financial priorities mentioned above.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Page 2

MORETON MORRELL TENNIS COURT CLUB LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees

Trustees are appointed in accordance with the Articles of Association.

Organisational structure

The finances and performance of the Club is overseen by the trustees who meet quarterly but more frequently when required to respond to changes in government guidance, to monitor the work of the club and how we are meeting our charitable aims.

The trustees have employed a head professional, an assistant professional and an administrative assistant. We also have employed a number of individuals to cover cleaning and building activities who are all self-employed.

Induction and training of new trustees

It is the charity's policy that new Trustees undergo an orientation process to brief them on their legal obligations under charity law, the charity's governing documents, the committee decision making process, the business plan and recent financial performance of the charity. Trustees are encouraged to attend any appropriate external training events that will assist them in carrying out their role.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

12013036 (England and Wales)

Registered Charity number

1191997

Registered office

The Tennis Club Moreton Morrell Warwickshire CV35 9AL

Trustees

S B Walsh Chartered Accountant Sir A C Hamilton Retired M P Trees Retired B T Paxton Retired S A Hobson Management Consultant A P Branfield Company director C Marguerie Medical Practitioner J A Frankin Retired (appointed 18.10.21)

Independent Examiner

Murphy Salisbury Limited Chartered Accountants 15 Warwick Road Stratford upon Avon Warwickshire CV37 6YW

Approved by order of the board of trustees on 7 March 2022 and signed on its behalf by:

S A Hobson - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MORETON MORRELL TENNIS COURT CLUB LTD

Independent examiner's report to the trustees of Moreton Morrell Tennis Court Club Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts 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 (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mark Bullock FCA ICAEW Murphy Salisbury Limited Chartered Accountants 15 Warwick Road Stratford upon Avon Warwickshire CV37 6YW

7 March 2022

Page 4

MORETON MORRELL TENNIS COURT CLUB LTD

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
362,709
Other trading activities
2
7,396
Investment income
3
6
Other income
6,863
Total
376,974
EXPENDITURE ON
Raising funds
4
6,680
Charitable activities
General
86,047
Other
-
Total
92,727
NET INCOME
284,247
RECONCILIATION OF FUNDS
Total funds brought forward
124,856
TOTAL FUNDS CARRIED FORWARD
409,103
Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
2021
Total
funds
£
362,709
7,396
6
6,863
376,974
6,680
86,047
-
92,727
284,247
124,856
409,103
2020
Total
funds
£
182,892
5,149
175
10,312
198,528
3,018
67,370
3,284
73,672
124,856
-
124,856

The notes form part of these financial statements

Page 5

MORETON MORRELL TENNIS COURT CLUB LTD

BALANCE SHEET

31 DECEMBER 2021

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
9
369,562
CURRENT ASSETS
Stocks
10
4,202
Debtors
11
11,019
Cash at bank and in hand
69,663
84,884
CREDITORS
Amounts falling due within one year
12
(16,276)
NET CURRENT ASSETS
68,608
TOTAL ASSETS LESS CURRENT
LIABILITIES
438,170
CREDITORS
Amounts falling due after more than one year
13
(29,067)
NET ASSETS
409,103
FUNDS
14
Unrestricted funds
TOTAL FUNDS
Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
2021
Total
funds
£
369,562
4,202
11,019
69,663
84,884
(16,276)
68,608
438,170
(29,067)
409,103
409,103
409,103
2020
Total
funds
£
117,105
4,432
8,377
38,664
51,473
(14,255)
37,218
154,323
(29,467)
124,856
124,856
124,856

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 6

continued...

MORETON MORRELL TENNIS COURT CLUB LTD

BALANCE SHEET - continued 31 DECEMBER 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 7 March 2022 and were signed on its behalf by:

S A Hobson - Trustee

S B Walsh - Trustee

The notes form part of these financial statements

Page 7

MORETON MORRELL TENNIS COURT CLUB LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - various in accordance with the asset Fixtures and fittings - various in accordance with the asset Computer equipment - 33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 8

MORETON MORRELL TENNIS COURT CLUB LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

2. OTHER TRADING ACTIVITIES

2. OTHER TRADING ACTIVITIES
2021 2020
£ £
Merchandise sales 2,263 2,876
Bar Sales 4,133 2,273
Sponsorships 1,000 -
7,396 5,149
3. INVESTMENT INCOME
2021 2020
£ £
Interest receivable - trading 6 175
4. RAISING FUNDS
Investment management costs
2021 2020
£ £
Support costs 1,842 -
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2021 2020
£ £
Depreciation - owned assets 4,399 2,390

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.

7. STAFF COSTS

The average monthly number of employees during the year was as follows:

2021 2020
Staff - 1

No employees received emoluments in excess of £60,000.

continued...

Page 9

MORETON MORRELL TENNIS COURT CLUB LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
182,892
Other trading activities
5,149
Investment income
175
Other income
10,312
Total
198,528
EXPENDITURE ON
Raising funds
3,018
Charitable activities
General
67,370
Other
3,284
Total
73,672
NET INCOME
124,856
TOTAL FUNDS CARRIED FORWARD
124,856
9.
TANGIBLE FIXED ASSETS
Improvements
Fixtures
Freehold
to
and
property
property
fittings
£
£
£
COST
At 1 January 2021
-
112,917
5,398
Additions
250,000
6,040
581
Transfer to ownership
118,957
(118,957)
-
At 31 December 2021
368,957
-
5,979
DEPRECIATION
At 1 January 2021
-
1,078
1,074
Charge for year
-
3,023
1,023
Transfer to ownership
4,101
(4,101)
-
At 31 December 2021
4,101
-
2,097
NET BOOK VALUE
At 31 December 2021
364,856
-
3,882
At 31 December 2020
-
111,839
4,324
Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
Computer
equipment
£
1,180
235
-
1,415
238
353
-
591
824
942
Total
funds
£
182,892
5,149
175
10,312
198,528
3,018
67,370
3,284
73,672
124,856
124,856
Totals
£
119,495
256,856
-
376,351
2,390
4,399
-
6,789
369,562
117,105
Total
funds
£
182,892
5,149
175
10,312
198,528
3,018
67,370
3,284
73,672
124,856
124,856

Included in cost or valuation of land and buildings is freehold land of £250,000 which is not depreciated.

continued...

Page 10

MORETON MORRELL TENNIS COURT CLUB LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

10. STOCKS
2021 2020
£ £
Stocks 4,202 4,432
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Trade debtors 6,092 4,109
Other debtors 922 1,415
Prepayments 4,005 2,853
11,019 8,377
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Trade creditors 5,255 881
Tax 109 109
Social security and other taxes 1,069 1,115
Other creditors 2,866 9,681
Accrued expenses 6,577 2,069
Deferred government grants 400 400
16,276 14,255
13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£ £
Accruals and deferred income 29,067 29,467
14. MOVEMENT IN FUNDS
Net
movement At
At 1.1.21 in funds 31.12.21
£ £ £
Unrestricted funds
General fund 124,856 284,247 409,103
TOTAL FUNDS 124,856 284,247 409,103
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 376,974 (92,727) 284,247
TOTAL FUNDS 376,974 (92,727) 284,247

continued...

Page 11

MORETON MORRELL TENNIS COURT CLUB LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.1.20
£
Unrestricted funds
General fund
-
TOTAL FUNDS
-
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
198,528
TOTAL FUNDS
198,528
Net
movement
At
in funds
31.12.20
£
£
124,856
124,856
124,856
124,856
Resources
Movement
expended
in funds
£
£
(73,672)
124,856
(73,672)
124,856
At
31.12.20
£
124,856
124,856
124,856

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS
At 1.1.20
£
-
-
Net
movement
in funds
£
409,103
409,103
At
31.12.21
£
409,103
409,103

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS
Incoming
resources
£
575,502
575,502
Resources
Movement
expended
in funds
£
£
(166,399)
409,103
(166,399)
409,103
Resources
Movement
expended
in funds
£
£
(166,399)
409,103
(166,399)
409,103
409,103

continued...

Page 12

MORETON MORRELL TENNIS COURT CLUB LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2021.

Page 13

MORETON MORRELL TENNIS COURT CLUB LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Donations
Gift aid
Grants
Court Fees
Subscriptions
Room hire
Floor fundraising
100 Club
Hive-up from MMTCC
Other trading activities
Merchandise sales
Bar Sales
Sponsorships
Investment income
Interest receivable - trading
Other income
Job retention scheme
Total incoming resources
EXPENDITURE
Other trading activities
Bar Purchases
Merchandise purchases
Charitable activities
Wages
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Computer costs
Match & tournament costs
COVID related costs
Carried forward
2021
£
(1)
259,130
5,675
19,451
32,413
32,758
150
11,323
1,810
-
362,709
2,263
4,133
1,000
7,396
6
6,863
376,974
2,545
2,293
4,838
44,125
430
1,507
5,688
6,180
589
-
647
1,772
-
60,938
2020
£
-
-
-
10,133
19,862
31,664
275
23,602
600
96,756
182,892
2,876
2,273
-
5,149
175
10,312
198,528
3,018
-
3,018
38,607
344
2,332
5,868
6,565
552
66
464
1,280
377
56,455

This page does not form part of the statutory financial statements

Page 14

MORETON MORRELL TENNIS COURT CLUB LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
Charitable activities
Brought forward
Repairs maintenance and cleaning
Balls and materials
Bookkeeping
Subscriptions & licenses
Training
T&RA Invest in professionals
Support costs
Finance
Bank charges
Other
Depreciation of tangible fixed assets
Governance costs
Accountancy and legal fees
Total resources expended
Net income
2021
£
60,938
11,006
4,342
2,733
675
89
725
80,508
1,140
4,399
1,842
92,727
284,247
2020
£
56,455
5,426
2,238
2,263
495
250
243
67,370
894
2,390
-
73,672
124,856

This page does not form part of the statutory financial statements

Page 15