TENN: T L E N r s Charity Registration Number 1201742 TENNIS-TALENTS Annual Report and Financial Statements For Year Ended 315t March 2025 TENNI, T L E N TS TENNIS-TALENTS Contents l. Trustees, Report............................................. Page 3 2. Statement of Trustees, Re5ponslbllities...........Page 5 3. Statement of Financial Activities . .Page6 4. Account5 and Notes to Accounts.................... Page 7 TENN, T L EN T S TENNIS-TALENTS Trustees. Report The Trustees, who are director5 for the purposes of company law. present the annual report together with the fi.nancial statements of the charitable company for the twelve-month period ended 31 March 2025. This represents the charity's second year of operation, and comparative information is therefore available. Trustees and Governance The charity is governed by the following trustees, each of whom is responsible for ensuring that the charity's work is carried out in accordance with its charitable purposes and that its resources are used effectively. Names and Roles of Trustees: Alina-Antoaneta Abagiu - Chair Vivien Stead - Trustee Joylette Jane Cagande - Trustee The trustees are responsible for 5etknng the strategic direction of the charity and overseeing its management. Highlights of the Year During the year ended 31 March 2025, Tennis-Talents provided support to one young tenni5 player. Due to the charity's limited financial resources, the level of support provided during the year was small. The assistance contributed toward5 a limited proportion of tournament-related expenses, including travel and accommodation. Despite the modest level of funding available, this support enabled the player to continue competing in ITF tourr)aments and to maintain their ongoing development and progression within the International tennis ranking system. Operailonal Successes In its second year of operation, Tennis-Talents received three donations from one corporate donor and one individual 5UPPOrter. Although overall income remained limited, these contributions enabled the charity to meet its essential operational costs and to provide a small amount of grant funding in furtherance of it5 charitable objectives. TENN: T L EN TS The trustees continued to apply careful financial oversight to ensure that funds were used prudently and in line with the charity's purposes. Charitable Purpose and Object5 The charity's purpose is to provide support for young tennis players (ages 13 to 21 yearsl from families who lack the financial resources to continue their development in the sport. A5 these players progress to a level where higher-level tournaments are e55ential, the Charity steps in to help with travel and accommodation expenses. The charity's objectives are: To enable and encourage young people to participate in tennis, ensuring their physical, mental, and emotional development through sport. To relieve poverty by providing grants to those who Could not otherwise afford the costs a550ciated with playing in regional, national, or international tennis tournaments. Achievement and Performance During the year. the charity provided a small level of linancial assistance to one young tennis player. While the amount of support was limited, it contributed towards the player's ability to participate in several ITF tournaments and to continue their development within the sport. The trustees consider this outtome to be appropriate given the charity's current financial position and view it a5 a foundadon upon which further support may be provided in future years, subject to the availability of funds. TENNI T L EN TS TENNIS-TALENTS Statement of Trustees, Responsibilities The trustees (who are also the directors of Tennis-Talents for the purposes of company lawl are responsible for preparing the Trustees, Report and the financial statement5. Company law requires the trustees to prepare financial statements for each financial year. Under company law, the trustees must not approve the h'nancial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company, as well as the incoming and outgoing resources, including income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: Select suitable accounting policies and apply them con51Stently. Observe the methods and principles in the Charities SORP (Statement of Recommended Practicel- Make judgements and estlmates that are reasonable and prudent. Prepare the flnancial statements on a going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company. They are also responsible for safeguarding the assets of the charitable company and taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity's website and financial information. TENNI, f L E N IS TENNIS-TALENTS Statement of Financial Activities (For the year ended 31 March 20251 Statement of Flnanc18l Activities Unrestricted Funds {£) Restricted Funds (£1 Total Funds (£1 Income from Donatlons & Gr8nts 3.450.00 3,450.00 Expenditure on Charitable Activities 3,029.31 3,029.31 Net Movement in Funds 420.69 420.69 Funds Brought Forward 1,471.82 1,471.82 Funds Carried Forward 1,892.51 1.892.51 TENN: r L EN rs TENN15-TALENTS Accounts and Notes to Accounts Financial Accounts for the Year 2024~2025 Opening Balance.. £1,471.82 Intome.. £3,450.00 Expenditure: £3,029.31 Closing Balance- £1,892.51 Commentary Income during the year consisted of three donations received from one corporate donor and one individual supporter. Expenditure includes costs relating to.. Fundraising platform fees Website hosting and support Grant payments to assist with tournament participation Accommodation costs associated with competitions Charity Status: The charity does not have share capital. The principal place of business is: Address.. 4 Johnson Close Ashford, Kent, TN24 DUE Public Beneflt Statement The charity's activities clearly further its charitable purposes, by supporting young tennis players who would otherwise face financial barrlers to competing at a higher level. By enabling participation in competitive tenni5, Tennis~Talents promotes physical wellbeingi resilience, and personal development. ensuring that sporting talent is not limited by financial circumstances. TENNf. T L E N TS Risk Management Tennis_Talents maintains a risk management approach appropriate to its size and artivities. The trustees regularly review the charity's operations to identify and manage potential risks, including financial and operational risks. Measures include: Regular monitoring of Income and expenditure Review of funding sources to support 5UStainability Ensuring that grant funding is applied solely for charitable purposes Approved by the Board of Trustees on 18 January 2026 and signed on its behalf by.. Alina-Antoaneta Abagiu. Chair External Scrutiny.. As the charity's gross income for the year was below the statutory threshold requiring an independent examination or audit. no external scrutiny was undertaken. Reserves Policy.. The charity aims to maintain sufficient reserves to ensure continuity of its activities and to meet unexpected costs. Given the charity's sm811 scale. the trustees considerthe year-end balance to be an appropriate level of reserves to support ongoing operations. Conclusion: The trustees are satisfied that Tennis-Talents has continued to fulfil its charitable objectives during its second year of operation. Despite limited financial resources, the charity has remained financially stable and has provided meaningful support in line with its purpose5. The trustees remain committed to building the charity's capacity to support young tennis players in future years.