REGI￿RED COMPANY NtTrlBER: 12013036 (Eng14nd and Wgles) REGISTERED CHARITYr4u￿￿ER. 11919YI RIPLRT OF THE TRUSTEE AUDITED FINANCJAL TATEMENTS FOR THE YL4R EM)ED 31 DECEMBER 21122 FOR MORETON MORRELL N15 CO Murphy Salisbury Limiied chtyr￿ A¢¢ount*nts CelixirHous¢ Strarford Business and Technology Pa Stratford-upon-Avo Warwickshir¢ CV37 7GZ COTrITENTS OF THE FINANCIAL STATETrtEI¥TS Page Report of the Trustees I to 4 IDdependentExamiD¢r'$ Report stgtement of Finan¢la] Activities Balance Sheet Notes to the Fillanclal Ststements 9 to 14 Detail&1 StaterneTrt of Financial A¢tltyities 15 to T6 MORETON MORRELL TE%%IS cOURT￿Ll￿ LTD REPORT OFTHETR ' TEES 31 DECEI¥JBER 2 The trus￿¢$ who are also directots of tbe charity for the pury)oses of the Compani¢s 2006. presellt tbeir repott with the finoncial s¢at¢sn¢Dts of the charity for tbe year ended 31 Decembcr 2022. Ib¢ tru5t¢&s have a(hpt¢d the provisions of Ac¢i)untillg and RepiKtiDg by Chariti¢s.' Statrment of ReCom￿end￿l Practitt appliuble to ckaritiL% prcpating their accounts in ac¢ordanc¢ witb thc Finattciaj Re[￿rtIng St3nd3Td applicable ￿ the UK and R¢public of (FRS 1021 {effectiv¢ I January 2019). OBJECTTrTS AIW ACTivrriEs ObJectAve5 and aims Purposes of the charity The Club is established forthe following pu￿OS￿. defjned iti ihe Aniclt5 of Associaiion.. a) Tht promolion ot ¢ommunity participation in healihy rttreation, irt particular by tbe provision of fa¢iliti¢s for th¢ playing of Kcal Tcnnis in the Mi(llandE of I'.llgland. bl To conserve, preseNe artd improv¢ for thc p￿blIC bcncfit as a building of hisÉotic interest the Rejl Tennis Court at MOr￿0￿M0tTelL Wanvfft¢kshir¢ CV35 9AL, and to educate the pub]ic about thehistory and hcritsge of th¢ building. The tnjsttts set two fittatteial priotiti¢$ for the year.. to maintajn a cash reserve of twelve-months, operating wsts. and to seek Iditional funding an(V or generat¢ mfficient profit to njaintain the historic iennts court building. Alongside th¢s¢ financtal priorities we Sou￿1 iu our focu5 on increasmg m¢nLb￿h1P alld V+'id¢ning the schools programrnes aod Com￿ullity acces5 offered by ibe Char￿tY in ordtrto meet the needs of a divcr5¢ Eange of irydividual users and gfOUPS. Activities in relation lo those purposes The main aaavities in support of th¢ puryM)se5 are.. -Provi5ion of a serviccablc playing facility for real t¢Dnis Provision ot services io support ienrti$ activity. namely lesson$, ¢ETrUrt bwking nwagen*nL manufactwe of balls, sale of equipment and membership m9nag¢m¢llt Maintena￿¢ of the IEnn15 Court buildin& including reactive ¢m¢rg¢ncy WOTks and p12nned mainlertance 6￿1 on quinqLi¢llDi31 bUild￿g 8urvey - Fundraising to au8ment subscripiiotjs and court fees includinK events and mer¢handi8e sales. Public beneflt The Truste¢s confirtn that th¢y have complied with their duty under Sectiott 4 of the Charttie5 Act 2011 to have due regard to the ChaL7ry Conuntssion's gener81 guidallce on pubhc ben¢fit. Volullte¢r$ The charity does nothave any voluDteers other than the ttUSk5 alld &d-hoc Tnembers ofthe board. PD8e I MORETON MORRELL TENNIS COURT CLLB LTD REPORT OF THE TRL.STEES FOR THE YEAR ENDED31 DECEMBER 2 22 ACHIEVEMENT AM) PERFORMANCE Charltable actiTrTrties We startd thc year with 197 m¢mbers a¢ross a number of Categ￿leS aDd fjnishel tlLe y¢ar Ivith 199. Membership activities attracted 8 new memb¥s and 6 members lefL Within these numbcrs a positlV¢ 15 that ihere was a net gain of3 fiill rnember Reawlls for leawng contillue to be abnost ¢]rtirely due to infumity l injury or moving aw&y from the area. .4 policy of proposin8 to those leaving that they coni'ert to Friend5 of the Court in order to stay in touch b¢¢n well reLeived and provided WelCon￿ extra supjknthmughthe small g￿llu81 donatio This year we E¢DJrned to fvll optrdtions after the 5ignificat)I closures of the pand¢mi¢. Vatious toumaments were restarted and th¢ club resutned a nomial profile of tenns. Across the year the court utilisaLion healthy though less ¢han last year.. 75Y. (2021.. 83Q/o) for weekdays alld 46% (2021.. 50PAI for weekend4 giV￿g an oi'trgll figure of 680/0 {730/0 last year). It is feli 1&8t yearfs pErforn￿r￿ was the result of a ￿llt up denund for ienllis following lockdowi closure atxd despite reduction, theperfomjattce is still reasoLabl¢ in th¢ colltext of htstoric l¥vels. The buiLding wa5 mailltsined through tbe period with vatious reactive works ]r￿ludIng So￿¢ flat [￿r leakage repairs and a redecorated main Co￿￿10r. Th¢ ouinqu¢tynial building rewrt arrived in Jalluary 2022 has betL digesied to develop a 5 -year buildin8 maintenance plan. ThaTrkfully) the TEPOrt coniajned no bi8 surprises. A nU￿ber of small utgcnt ¥tiO￿ were {01 bad already been) addressed and plan￿￿ started for morc significant works to maintain the bas¢￿ent joist& external wall copAtig8 and rallkwater80(xls, Maillt¢nance of gr{￿nd flIK>r windows is algo stheduled for the comin8 year. Funthaising Ktiviues to replenisb the ¢osts tsf the flwr r¢storatiotl Lontinued thraugh mErcha￿lising and small ¢vfflis plus a TLajor event. the Gala DiDtt¢r in Jun¢. wkn'¢h had b¢¢n delayed by the PaDdemi¢ br the previous two years. The diDllu was a great success. both S(￿la1[Y and fJnallLidlly. As well as proN'idillg an enjoyable ¢v¢tht for ]Tr¢fflb¢￿, Lt ￿ go(NJ marketing for the club (to llLemb¢rs' guests) and throu￿ li¢k¢t sale5 and donation5 to the audion rtiisedjusi over£30,000 for club fullds. In the contexl of proD)ting recrtation and particul#rly real tentiis. we have ILeld voriou$ artivitie5 aimed at new members and have had a focus on junior take up of lh¢ g3tne. Junior Development, started late 2021, cortlinued in various fotTnS through 2022, exploring various ways of encourag]ng junior participau0￿ Being a n￿al club. T¢]noieness is a challe￿￿e for jullior ttpmdance if parenls are not committed. Nevertheless, 80mc 5ucccss has bcen achieved with a tnix of frequen¢y acros5 a small grovp of players. Dialosue with the ll¢atby Agrirultural College Iwho have studetrt8 Itving ou site) has be￿ iniriated and early signs are hopetul. The Board contitkue to Explore n¢w way5 of raising awarew and ¢nCour￿lTrg acccss. FINANCIAL REVIEW FiDarÉcial position The knstees ar¢ pleased to report that th¢ chaLIty'5 financial positiOJL ts g(KKI. The very su¢ees5th1 Gala DiThtt¢r fi￿d raising evernt held in June raised appioKunately £30,000 which replenished our rese￿¢$ and has put the club inio a PD5ition where it eets its fim finanlllal priority in having twelve months of operating costs in r¢s¢rve. The trustees CODsidcr ths Icvcl of T&serves 1% impDrtant u) allow the club to be able ￿ adequately mailliain the Llub's building in the event of a significaftt down-turn in incomc and survive any ¢v¢￿t such a5 a second pandemic OT fiArther lockdowns. The club also continues to rdise voluntsry donations from mcmbet5 and other events ta eusure tILe hiswri¢ buildill8 IS ad4uately maintaine(L in 2022 £10,93312021.. £11.323) of such donations We￿ ￿e1ve{L The total net surplus for the period was £37,898 (2021.. £284,247 which ItKluded £250,01)O of donation in th¢ form of the freehold property). Nei ￿se￿.e9 amouni¢d ¢0 £446,82012021: £409.103). Investment policy alld obJectlv¢s Thc Charity's mcmorartdum and artiGIES of association authvri5e the tw5t￿ to inv¢si or d¢ix)sit fimds as tllaybt thougbi fit. Fag¢2 MORETON MORRELL TENMS COURT CLUB LTD RE RTOFTHETRUSTEE R THE YEAR Tr.NJ)Tr-D 31 DLC.LMBLR 2 22 FINANCIAL REVIEW Re5cThe5 po]ky The tn151ees have a poli¢y of maintaining a l¢v¢l of unrestricted reserves wbich should ¢nsur¢ that there are adequate fi]nLts to rneet allti¢LPated ￿￿t￿re liabiliries. In pra¢ti¢¢, the trustees consider tbai holding ￿serveS cquivalent to a rninimum of twelve months, rtsr¢ ¢osts {considered to be non-operati0t￿l minimum annual upk¢¢p ¢ostsl excluding filnds tied up in fixal as8ets, should PTovth sutyictent fund5 to resy)nd to adverse cbanges inthe clwity's fl￿ding or activities. At 31st DwEmlxr 2022. totsl reserves stood ar £446,821 (2021.. £409,103). £36L,700 12021.. ￿04.¥.56} of this 15 represented by the frccliold property aItd th¢ r¢mainin¥ £85.121 (2021.. £44.247) are un-re$tricttd aftd held to meet the financial priorities metttioned atm)￿¢. STRUCTU￿ CO￿TR￿ANcE AND MANAGETrtENT Governlng docvluent The charity is conttoll¢d by its governin8 docurDenr, a deed of InJsL and constitutes a litnil¢d cotnpiny, limited by Buarante4 as defmed by the Companies Act 21X>6. Recruitment appolntm¢nt of new trustee TtustKs are appointed in a¢¢oidance with the Article5 of A55(Kiatio OrgaDts%tlonal stru¢tMre The f￿&￿tt¢s and perfornian¢e of the Club is overseen by the tru5t¢¢5 wbo m¢¢t quarterty more frequently required to r¢stJ)nd to challges ill (TOV￿rnent guidan¢e, to monitor the wurk of the Llub how we are rn¢et]ng our¢haritable aims. Th¢ tn]stees have employed a pmfessj0t￿L, an assi51ant professio￿1 al￿ an alknin1￿WC as5iStanl. W¢ also have ernplo>ed anLunb¢r of individwls to ¢ov¢r cleaning and building a¢tiviti¢s who ar¢ all se]fENT LXAMLNER'S RF.PORT TQ THE TRUSTEE . OF MORETON MORRELL TENNIS COURT CLUB LTD Independent examiTher's report to the trustees ofmoretun Morrell Tenrtis Court Club Ltd {'the Company.) Ireport to the ¢I￿rIty trustees on rny exarninatioo of rhe accoullts of the Cotwy forthe year ended 31 Trc¢mber 2022. Resp￿￿$1b11ltte$ 8od basis of report As the clwity's trustces of the CO￿panY land also Its ditKtors for the pwses of cojnpany lawl you responsible for th¢ prepaIationofthe accounrs itt accord￿¢¢ with the rquwernents of the Conjparties Act 2a06 Cthe2(M)6 ACVI. Having saiisfied myself that the xcounts of the Company are not requir&1 to be audited uTh4¢r Part 10 of tbe 2(K>6 Act and art ¢ligiblE tor independent exarninalion. I repDtI in respect of my ¢xa[njnati￿ of your clkntity'$ accounts as carried out ￿t￿er Se¢tioD 145 of the Chaniie5 Au 20LI Ilhe 2011 Aci?. In cwing out rlly exall)ination I hav¢ followed tbe Directio￿4 v¢n by the Charitycommission Under Section 145{5) Ib) of tbe 2011 Act. Illd¢pclldeDt examlner's statetnerjt I Ita￿ COEnpleted my examittation. I confirn) that matters have con￿ to my attention in Cortr￿tIOn with the examinatiort gIV￿g￿e cause to believe.. accoutiiing records wett notkept in respect ofthe Corllpally &s r¢qw'rtdby Section 386 of the 2(K)6 Act. or tFAe &c£ounls do Jwt a¢¢ord witb those records., or th¢ accounis do Dot curnply with the ac¢ountillg reqUi￿￿ts of Section 396 of th¢ 2006 Act other than any requiremenr that the account5 give a tru¢ 8nd fa￿ ￿]nparatiVeneltL￿Vell1cnt in funds. itlcluded inthe above art as follows.. Resources expendeLt Movell)ent in funds res0￿￿¢$ Unre8iriCted fund General fu￿[ 376,974 192,727) 284,247 TOTAL FUNDS 376,974 {92,7271 284247 A ell￿entYe3r 12 m(y)t￿l and prioryear 12 rnonths cornbin¢dposition is as tollows.. Net mov¢m¢nt in ti]tknls At 31.12.22 At 1.1.21 Unrtstricted funds Geytral fimd 124.856 321,965 446,821 TOTAL FUNDS 124,856 321,965 446.821 P4e 13 MORETON MORREIL TENNIS COURT CLUB LTD NOTES TO THE FINANCIAL 5TATEME%T FOR THE YEAR ENDED 31 DECEMBP'R 2022 - ¢ontinued 13. MOVEMENT IN FtrTr4DS- cootioued A cutrent Ye8￿ 12 months and prior yw 12 months ¢o]nbitied net moVe￿ent in fullts. includ¢d in the above are as follows.. tncoming resources Rewur¢es EXP2tded Movement in ￿n(ts Unrestrlcted funds Gtneral fvnd 535,445 (213,480) 321,965 TOTAL FUNDS 535,445 (213.4801 321.965 14. RELATED PARTY DISCLOSURES There were tto reLated party traDsactioTrs for th¢ y¢ar ended 31 December 2022. Page 14 RETON MO.RREII TENNIS c .L'RT CLUB LTD DETAILED sr.ATEF¥lENT QF FINANCIAL AC JIDE IBER 2 IvrriES 2022 2021 INCOME AM) ENDOIIMENTS DottatiDDs and leggcits Gifts Donations Gift aid Grants Ca]rt Fets Subscriptions Roorn hire Propety w)keep fimthising 100 Club 259,130 5,675 19,451 32,413 32,758 150 11,323 1,810 7,562 826 47,098 34,698 195 10.934 1,320 46,920 Fundraisingactii'iti¢s 149,552 362,709 Other tradlDR a¢dvlde$ Merchandise sales Bar Sales Sponsorships 1,858 6.351 2.263 4,133 8,709 7,396 lllve5tment IDeoiKI¢ Interest r¢ceivable- trndirtg 210 Other ineome Job retellttons¢heme 6,863 Totsl incornlng reso¥tte5 158,471 376,974 EXPENDITURE Other trgdinx xctlvities Bar Pwchases MerLhalldi5¢ Pu[ct￿eS Bad debi8 5.6( 1,697 2.545 2293 7.445 4.838 Charitable #¢tivitie5 Wage Pensions Rat&s and ivat¢r Insurdt carri￿ fornrd 41,668 575 2.053 6,035 50,331 44,125 430 1,507 5,688 51,750 Tknsp4e doES Iiot fO[n￿1Dfthe sf£kn]tory finallciaibtsl¢uMts Page IS MORETON MORRELL TEfiMs COURT CLUB LID DETAILED TATE￿]ENT F FINANCIAL ACTIN rrIES OR THE YEAR EN D31D Ef*iB R 2022 2022 2021 Charltable activltle5 Bmugbt forw'ard Light and heat Telq)hont Po%tsge and stationery AdYcrt15in8 Sundri¢5 Cojnputer costs Match & toutnamentcosls Repairs MainteThar￿e and cleattin8 Balls and rnateri2]s Bwkkeeping SubscTipiions & licenses Training T&RA Invcst in professionaL8 Fund raising event Costs 50,331 8220 683 107 220 34 878 3,465 11,006 6,657 3250 519 49 1,031 16,537 51,750 6.180 589 647 1.772 11,006 4,342 2.733 675 89 725 103,587 80,508 Support Costs Bank charges 1.906 1,140 Other Deprttialion of tangible fixed assets 4.846 4,399 Covernante tosts Accountattcy and legal f¢¢s 2S69 1.842 Total resources expeDded 120.753 92.727 Net income 37,718 284,247 Thisp¥(kne5 not fOrn]wQfthe￿tll￿ fnxn¢]￿ State]￿ts Page 16