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|Review|ofthe charity's|ofthe charity's|ofthe charity's|ofthe charity's|||Para 1.21|The CIO did not commence<br>trading<br>until|1|
|---|---|---|---|---|---|---|---|---|---|
|financial|position||at|the end||||May 2022.||
|ofthe|eriod|||||||||
|Statement||explaining|||the||Para 1.22|DFTC is focused on ensuring<br>that the club||
|policy for holding|||reserves|||||has sufficient funds available<br>for the future||
|stating|why|they|are|held||||and the reserves<br>policy has been produced||
|||||||||to manage the club's resources<br>in a more||
|||||||||effective way, to help secure the financial||
|||||||||position ofthe club for the future.||
|||||||||The target minimum<br>operating<br>reserve is||
|||||||||equal to 6 months ofthe average<br>recurring||
|||||||||operating costs (excluding<br>tennis activity||
|||||||||costs).||
|||||||||In addition,<br>the dub plans to build a new||
|||||||||clubroom<br>and a Build Project reserve of||
|||||||||F40,000 is required<br>to fund the projected||
|||||||||shortfall<br>between<br>the project cost and||
|||||||||funding.||
|||||||||In line with recommendations<br>from the LTA||
|||||||||the club will hold a Sinking<br>Fund for the||
|||||||||maintenance,<br>refurbishment<br>and ultimate||
|||||||||replacement<br>ofthe courts and floodlights.||
|||||||||Initially these reserves<br>will be funded<br>via|the|
|||||||||transfer ofthe reserves ofthe||
|||||||||uninco<br>orated club.||
|Amount|of|reserves||held|||Para 1.22|f0||
|Reasons for holding||||zero|||Para 1.22|The funds ofthe original<br>unincorporated|club|
|reserves||||||||are to be transferred<br>to the CIO with effect<br>from 1"Ma<br>2022.||
|Details|of fund materially|||||in|Para 1.24|N/A||
|deficit||||||||||
|Explanation||ofany|||||Para 1.23|None||
|uncertainties<br>about||||the||||||
|charity|continuing||as||a going|||||
|concern||||||||||



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|Description<br>ofcharity's||N/A||||
|---|---|---|---|---|---|
|trusts:||||||
|Type ofgoverning<br>document||Constitution<br>formally adopted|||by the|
|||members|in April 2022|||
|How is the charity|Para 1.25|CIO by Association||||
|constituted'P||||||
|Trustee selection methods|Para 1.25|Any interested||persons who|support the|
|including<br>details ofany||objectives|of|the Club.||
|constitutional<br>provisions e.g.||||||
|election to post or name of||||||
|any person or body entitled||||||
|to appoint one or more||||||
|trustees||||||





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