England Squash Masters ENGLAND squash MASTERS Trustees Annual Report and Statement Of Accounts For year ending 31 December 2023 ENGLAND MASTERS Table of Contsnts: Reference AndAdministration Details......................................................................................... Achievements and Performance." Chair of Trusteés Report....................................................... Structure Govemance and Management.................................................................... Objectives andActivities.............................................................................................................. Flnanclal Revlew.............................. Independent Examlner's Report................................................................................................... Receipts & Payments Accounts for the Year Endlng 31 De¢ember 2023.............................. Statement Of Assets & Llabllltles as at 31 December2023.................................................... Trustees, Declaration..................... ENOLAND Qsquash MASTERS Roference And Admlnlstration Detalls Charity Name.. England Squash Masters (ESM) Registered Chanty number.. 1203363 Principal Address.. Braddocks, Chignal St James, Chelmsford, CM14TZ Trustees Twstees who served during the year are Name Role Appolnted Hilton Stuart Hardy Chair 1 June 2023 Jeremy Nicholas John Sheppard Secretary 1 June 2023 Amanda Jane Akin-Tibul)o Treasurer 1 June 2023 Robert Charles Duparcq Smith Venue Coordinator 1 June 2023 Andrew Alexander Murray Sponsorship 1 June 2023 Sarah Louise Parr General 1 June 2023 Alexandra Perry General 1 June 2023 Co4>ptsd member Name Role Appolntod Gemma Barber Social Media 20 September 2023 Bankers HSBC UK Bank PLC- 1 Centenary Square, Bimiingham, 81 1HQ ENGLAND MASTERS Annual Report of The Trustees and Financial Statements For The Year Ending 31 December 2023 Achlevements and Perfomiance: Chair of Trustees Report This last year has been one of significant changes for England Squash Masters {ESMI and the culmination of a ￿enty-year long prO￿S5. From its start as a sub-committee of England Squash to becoming a stand-alone organisation, to now being registered as a Charitable Incorporated Organisation with the committee as Trustees, ESM has grown and improved over the years. Many thanks should be given to all the people who made this possible including our founder, Martin Pearse, and all the committee members over the years, ably supported by the Events Manager Brian Brock. The staled purpose of ESM is to advance Ihe amateur sport of Masters Squash and the Trustees believe the organisation has been successful in doing so again this year. The ESM Regional tournaments are near capacity and competitive with an average entry of 177 players. The major events, the British Open Masters and the National Championships. were also very well supported with 293 and 245 entries respectively. With ESM nearing a ceiling on capacity at Regionals, the Trustees agreed to introduce new Bronze Tier events with the inlention of reaching clubs we have not been previously and introducing Masters Squash to an entirely new audience. Two events were held successfully and the Trustees intend to expand it to six events next season. The Trustees try to ¢onlinually improve the Masters experience for playèrs with better software, England Squash Referees, improved scheduling to offer more malches and better prizes. The ESM database of some 2,750 Masters players reflects how popular Masters Squash is and how it is vital in the retention of players to the game as they get older. On the financial front. the Trustees appreciate the support shown by the players, the venues and all the volunteers who help run the events. In order lo keep events accessible. the Trustees believe il is important to control the costs associated with running them. The Trustees consider that the benefit of adding England Squash qualified referees for all events has justified th8 consequent increase in costs and will continue to arrange for them to be present. The Trustees continue to liaise with England Squash and share their objectives of player retention and female participation. We will support them in moving to their new individual membership scheme. Also, thè Trustees have been working closely with the Professional Squash Association with whom ESM are partnered for organising the British Open Masters this year. Finally, in another exciting development. on top of the annual England Masters teams competing in the Internationals against Ireland, Scotland and Wal8s. ESM supported teams in the first Trans- Atlantic Masters series in New York where England teams took on the USA, Canada and Ireland. The Trustees look forward to another rewarding season of Masters Squash next year. Structure Governance and Managèment ESM is a Charitable Incorporated Organisation. It was registered with the Charity Commission on 1 June 2023. It is governed by rts Constitution and is managed by its Trustees. The CIO was created as a successor entity to an unincorporated association which had previously undertaken the activities of ESM. ENGLAND FAASTE85 The surplus at the end of 2022 was £18,761. which had reduced from acttvitses in the followtng five months to £17,858 as at 1 June 2023. This sum, representing the activities of ESM prior to the formation of the CIO, was transferred to the CIO on that date. The Trustees are full ESM members, each appointed after nomination and vote at an Annual General Meeting. Any casual vacancies during the year are filled at the Trustees, discretion bul any members co-opted in this way must be confimied as a Trustee by the membership by standing for re-appointment at the next Annual General Meeting. Al each Annual General Meeting, one-third of the Truste8s who hav8 served the longest must retire but may be re-appointed. Th8 Trustees meel periodically throughout the year as required. Membership of ESM is open to anyone wrt)o wishes lo promote the objectives of the CIO. Playing membership is obtained by entering an ESM event. Social membership is obtained by payment of an annual fee of £5. ObJoctlve8 and Actlvilles The strategic aim of England Squash Masters is to promote Masters Squash in England and support it wortdwide. In order to fulfil the strategi¢ alms, the CIO undertakes aGtivities in¢luding'. Operation of a dedicated website which promotes the events managed by ESM and olher relevant organisalions Organisalion of an annual programme of regionally based toumaments open to all 8quash play8rs over the age of 35 Working with England Squash to assist them in achieving their strategic aim8 for the promolion ofthe sport of squash On behalf of England Squash, organisation of the British Closed and Open Masters Tournaments Publicising and promoting Masters squash in England and elsewhere Seeking sponsorship and other funding to promote and support Masters squash Advising England Squash and the World Squash Federation on stralegic and policy matters relating to Masters Squash Financial Revlew ESM'S financial position at the end of the year is Considered satisfactory by the Trusle8S. ESM aims to fund all of its regular running cosls from the entry fees paid by players lo participate in ESM events. Any other income sources that generate surpluses are used to further the stated haritable objectives of ESM. ESM'S sources of funds during the year and expenses thereof are set out in the Accounts. ENGLAND MASTERS Independent ExamIne￿¥ Report Responslbilities and basis of report I report to the trustees on my examination of the accounts of the above charity {'the Trust.) for the year ended 31 December 2023. As the charity trustees of the Trusl, you are responsible for the pr8paration of the accounts in accordance with the requirements of the Charities Act 2011 Ilhe Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination. I have followed the applicable Directions given by the Charity Commission under section 14515)Ib) of the Act. Independent examine￿$ statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with section 130 of the Act or thè accounts do not accord with the accounting records I have no concerns and have come a¢ross no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed.. Name.. ames Dubol8 Relevant prof8ssional qualification or membership of professional bodies-. FCA Address.. 5 Lynwood Road, Epgom, Surroy KT17 4LF 13 October 2024 Date.. ENGLAND MASTERS Recelpts & Payments Accounts for the Year Ending 31 December 2023 Prlor Year Fund$ Unrestricted Restricted Funds Funds Total Funds Receipts Event Fees Sponsorship Sale of Merchandise Mis-bookings Other Home Internationals Income Total 32.821 1,050 32,821 28.570 1,050 11,875 235 38 1.418 95 1,416 95 40,469 37,504 75,858 78,022 40.469 35,389 40,469 Payments Event Expenses Equipment Expense Expense Media Support Administration Expense Non-Event Expense Other Expense Home Internationals Expenses Total 41,272 2,056 120 60 41,272 29,852 2.056 119 120 320 60 1,894 1,762 18 41.079 41,079 35.891 44,072 41,079 85,151 69,856 Net of Recelpts I Payments 18,683) (610 (9,2931 8,166 Cash Funds Last Year End 16.704 2,057 18,761 10,595 Cash Funds Thls Year End 8,021 1,447 9,468 18,761 ENGLAND MASTER5 Statement Of Assets & Liabilities as at 31 December 2023 Prior Year Funds Unrestricted Restricted Funds Fund$ Total Funds Cash Funds Cash at Bank 8,021 1,447 9,468 18,761 Total Cash Funds 8,021 1,447 9,468 18,761 There were no other assets or liabiltties as at 31 December 2023 l£nil as at 31 December 2022). ENGLAND MAST£RS Trustees, Declaration The Trustees declare that they have approved the Trustees, Annual Report and Accounts above. Signed on behalf of the Charity's Trustees.. Signed.. Full name.. Amanda Akin-fibubo Position.. Treasurer Dalè-. 13 October 2024