**Charity registration number 1206111 (England and Wales)**
## **CUMBRIA TENNIS**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2025**
## **CUMBRIA TENNIS**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees**
**Management Committee**
Lynn Glaves Roger Alston OBE Sophie Graham Jessica Spedding (Appointed 17 May 2025) Nykia Herron-Ash (Appointed 17 May 2025) Lynn Glaves Chair & Performance Roger Alston Secretary Sophie Graham Treasurer Robert Cresswell Council Member
(Appointed 17 May 2025) (Appointed 17 May 2025)
**Charity number (England and Wales)** 1206111 **Principal address** Chatsworth Tennis Club St Aidans Road Carlisle Cumbria CA1 1LS **Independent examiner** David Ward FCA **Bankers** The Co-Operative Bank PO BOX 250 Skelmersdale WN 8 6WT
## **CUMBRIA TENNIS**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 7|
|Independent examiner's report|8|
|Statement of financial activities|9|
|Statement of financial position|10|
|Notes to the financial statements|11 - 22|
## **CUMBRIA TENNIS**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
The Trustees present their annual report and financial statements for the year ended 31 December 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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**
The object of the charity is for the public benefit of the promotion of community participation in healthy recreation for the benefit of the inhabitants of Cumbria, (comprising the areas governed by the unitary authorities of Cumberland and Westmorland & Furness Councils), by the provision of facilities for playing amateur and competitive tennis.
The charity took over the activities and assets of Cumbria Lawn Tennis Association at midnight on 31 December 2024, prior to this date the charity was dormant.
## Significant activities
- Manage the development of tennis in Cumbria
- Support junior tennis development, including the programming of coaching and competitions
- Promote and support inclusive and disabled tennis through a range of different initiatives.
- Provide bursaries to individuals who wish to become and develop as LTA qualified and accredited coaches thus enabling more people to learn and improve their tennis playing ability
- Provide grants to tennis clubs enabling them to run outreach tennis programmes in the local community, e.g. schools, youth clubs, etc. and develop their own facilities to increase usage in a sustainable and safe environment.
## Public benefit
The Trustees confirm that they have complied with section 17(5) of the 2011 Charities Act in having paid due regard to the Charities Commission guidance on public benefit.
## Social investments
Cumbria Tennis does not have a specific policy on social investment, however it does offer an interest free loan scheme for member clubs. These loans are intended to align with the LTA's Facility Loan Schemes by providing smaller levels of funding to support clubs with meaningful improvements.
No new loans were issued during the year however the charity continued to accept repayments on the one outstanding loan acquired with the assets of the predecessor Association.
## Grant making
Cumbria Tennis has policies in place for the grants it makes to coaches and tennis venues. There are specific criteria to be met and obligations to fulfil, to ensure the grants will be effective in growing the game.
During the year four coaching bursaries totalling £800, were given to assist the development of our junior coaches.
Three grants were also awarded to clubs during the year to support the clubs and to promote participation via equipment or coaching hours. £260 was awarded to Crosthwaite Tennis Club, £337 was awarded to Anthorn Tennis Club and £459 was awarded to Hawcoat Park.
- 1 -
## **CUMBRIA TENNIS**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## Volunteers
All trustees are volunteers and as such give their time freely.
Individual clubs throughout the County are also reliant on volunteers and to recognise their continued work we celebrate their work via the LTA Awards, where volunteers are nominated by their peers. Our awards evening was held in March this year at Rheged, Penrith and was attended by many clubs from throughout the County.
## **Achievements and performance**
## Participation
The number of adults playing tennis in Cumbria continues to rise year on year. In 2025, the number of adults (16+) playing tennis rose to 29,410 from 25,762 in 2023 (an increase of 14% over the 2 years) and also showed a smaller increase from 29,071 in 2024 (approximately 1%). The number of adults who played at least once a month also increased from 15,361 in 2024 to 17,011 in 2025 (an increase of approximately 11%). The number of children playing tennis once a month in 2025 was 11,485 and the number of children playing tennis each year was 28,145 (no 2024 figures for comparison). Over the next 12/24 months improvements need to be made to the number of children playing tennis once a week (2,746 in 2025).
The number of players (adult and junior) competing in 1+ matches rose from 234 (2023) and 397 (2024) to 412 in 2025 (an increase of approximately 76% over the 2 years), and the number competing in 20+ matches stands at 47 in 2025. We are looking to increase this to 56 in 2026.
The number of U8’s, 9’s and 10’s playing 40+matches in 2025 was 23, 6 and 4 respectively and we are looking to increase this to 25, 20 and 6 respectively in 2026.
An increase in the number of tournaments hosted in Cumbria in 2026 (we have recently applied for an additional 14 Grade 5 competitions at various age groups and venues), should help with increasing our participation figures across the board.
- 2 -
## **CUMBRIA TENNIS**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## EDI/Open Court
The Open Court programme is aimed for those with a disability, impairment or a long-term health condition and the number of venues providing specialist sessions for those with a disability or health condition in 2025 was 4. We plan to increase this in 2026 and are working with Bright Ideas for Tennis and the LTA EDI and Open Court teams to achieve this. We have a Coach training session scheduled for April 2026 to improve Coach confidence in delivering these sessions and are expecting at least 4 more venues to deliver this year. Links have already been made, or are being made with organisations in the Barrow, Penrith and West Cumbria areas.
Equity, Diversity & Inclusion: Cumbria Tennis appointed an EDI Lead in 2024 and created and published its first EDI Action Plan in late summer 2024. Achievements in 2025 include:
- Continuing to try and ensure the Board of Trustees, as closely, as practical, mirrors the population profile.
- Updating baseline diversity data for County committee and key roles.
- Continuing to use data to understand the demographics of the local population and identify areas of greatest need.
- Using available incentives to encourage more women and girls to play tennis and/or coach.
- Trustees, committee members and staff undertaking EDI training.
- Further embedding EDI into the organisation's culture by ensuring EDI continues to be on the agenda of every meeting.
- Commencing organising and scheduling delivery of specialist adaptation Coach/Club training to increase Coach/Club confidence and therefore the number of inclusive sessions delivered/offered.
- Purchasing of 3 tennis specific sports chairs for use at various venues.
- Continuous review of Cumbria Tennis website and other social media platforms to ensure they are inclusive and reflect the diversity of local communities.
- Cumbria Tennis, in collaboration with a number of other Northern Counties, commences organisation of a Women’s Tennis Day to be hosted during the Lexus Championships this June at Ilkley.
- To combat the problems of rurality for some Clubs, “friendly” matches were arranged between Clubs who, due to location or size, cannot compete in existing Leagues within the County.
- Information on Walking Tennis, Open Court (including funding information), Bright Ideas For Tennis, Sensory Sport Programme, Pride In Tennis, Learning Disability Tennis Camp, Parkinsons Tennis, Silver Sundays and Deaflympics forwarded to all Clubs and Coaches during 2025.
- Review and update of County Open Court Plan completed late 2025.
- New venue opened/added to the LTA Parks Project at Vulcan Park, Workington resulting in more opportunities to play for a diverse demographic.
- 3 -
## **CUMBRIA TENNIS**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## Competitions
Our county representative teams (boys and girls) competed in all age groups - Under 8, 9, 10, 11, 12, 14 & 18 playing at various locations across the country.
In addition, our Senior Teams ranging from the Open age group to the Over 75s many achieving success in their respected age brackets.
Cumbria Tennis runs the County Championships each August in which 111 players participated and 48 events were offered in 2025, compared with 105 and 45 respectively in 2024. The number of LTA Registered Schools continues to show a steady increase to 34 in 2025, from 33 in 2024 and 30 in 2023. We are paying particular attention to trying to increase this more significantly in 2026.
In 2025, 5 venues in Cumbria delivered competitions from Grade 1 through to 6 and this should increase this year following our 14 new applications for Grade 5 events this year.
## Workforce
The number of LTA Accredited + Coaches in the County continues to rise steadily going from 24 in 2023, to 24 in 2024 and to 32 in 2025, and already this year we have a further 6 Level 1’s who recently attended a Level course and a further 4 candidates will be taking their Level 2 this Spring. We are aware that both nationally and more locally just 20% of Coaches are female, so our 2 female Level 2 candidates will this year benefit from an additional grant from the LTA to help remove cost as a barrier. We have in the past suffered from a lack of officials in the County, and we went quite some way towards solving this issue in 2025 with 6 new Referees gaining their qualification. By increasing the workforce, Cumbria Tennis is encouraging and supporting more competitions.
## Performance
Our commitment to the development of younger players continues with approximately 100 juniors (aged 6 to 18) attending our county training sessions. This is primarily delivered by our two County Coaches who are based in the North of the County at Chatsworth Tennis Club and the South of the County at Kirkby Lonsdale Tennis Centre but a huge thanks must also go to the players parents who contribute so much of their time and support to the programme. To endorse our thanks to all involved we held a presentation event in April at the Rheged Discovery Centre in Penrith.
Many of our players have been nominated to Regional Training Camps and have been competing at local, county, regional and national level competitions with one player representing his country and others receiving university scholarship in the USA.
- 4 -
## **CUMBRIA TENNIS**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **Financial review**
## Financial Report for the Period
The charities main funding source for the year is the LTA restricted grant of £69,752. This must be allocated to the four core activity areas: competition, participation, performance and operations, with pre-determined percentages allocated to each area, 60%, 23%, 15% and 2% respectively.
Other significant sources of income included partnership funding and contributions from parents towards the costs of junior County Performance training squads.
During the year ended 31 December 2025 donations also includes the total net assets value transferred from Cumbria Lawn Tennis Association totalling £107,841.
The charities total income for the year amounted to £277,682, including £203,930 unrestricted income and £73,752 restricted income. Expenditure for the year amounted to £159, 628, of which £88,476 was unrestricted and £71,152 was restricted. This resulted in an overall surplus of £118,054. After taking into account the one off donation from the previous Association this would leave an operational surplus in the year of £10,213, primarily due to higher than expected partnership funding.
## Financial Position
Total funds of the charity at the year end are £118,054.
The charity's current level of unrestricted reserves is £115,454. Included in these reserves there are designated funds of £76,000, of which £25,000 of this has already been earmarked for a loan to Eden Lawn Tennis Club to provide support for refurbishment of their courts. Tangible fixed assets of £27,053 are held for use by the charity and can only be realised by the disposal of these assets. This leaves total free reserves of £12,401.
## Restricted funds at the year end totalled £2,600.
## Principal funding source
As mentioned previously, the principal source of funding is the receipt of an agreed LTA "restricted" Grant. This is based upon the number of individuals actively playing in Cumbria. The grant agreement was reviewed by the LTA during 2025 with a new agreement being offered from January 2026.
## Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to three month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.
Expenditure spent from unrestricted funds, after netting of the parental contributions for performance costs equates to approximately £36,500. 3 months of this, £9,125, is less than the level of free reserves available to the Charity of £12,401, the Trustees therefore remain confident that the charity has adequate reserves to support the operating costs.
- 5 -
## **CUMBRIA TENNIS**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **Plans for future periods**
As is the position nationally, Padel is a relatively new sport in Cumbria, but the pipeline of potential venues/projects appears to be growing all the time. Our first 4 courts opened in 2025 in Workington and there are now at least a further 9 venues expressing an interest in providing Padel throughout the County, all at various stages of the process.
As it stands at the moment ,we expect at least an additional 20 courts to come online during 2026 at venues at Carlisle, Penrith, Kendal and Barrow.
We also have one Referee who has now completed the Padel conversion course and who is now able to facilitate competition within the County.
Padel is more often based on a pay & play model – which is more inclusive; the emphasis on membership being less important than in tennis. The charity will encourage venues to grow programmes for children, to work towards gender parity in terms of participation and ensure their venue is accessible for those with a disability.
## **Structure, governance and management**
Cumbria Tennis has been set up as a Charitable Incorporated Organisation (CIO), registered with the Charity Commission (registration number: 1206111) on 7th December 2023. The object and powers of the CIO are established in its governing document which is an association constitution with voting members.
The Trustees who served during the year and up to the date of signature of the financial statements were:
|Robert Cresswell|(Resigned 17 March 2025)|
|---|---|
|Paul Slight|(Deceased 14 November 2025)|
|Lynn Glaves||
|Roger Alston OBE||
|Joy Robinson|(Resigned 17 March 2025)|
|Sophie Graham||
|Jessica Spedding|(Appointed 17 May 2025)|
|Nykia Herron-Ash|(Appointed 17 May 2025)|
## Recruitment and appointment of trustees
Trustees are elected at the AGM by the members of Cumbria Tennis. Officers of Cumbria Tennis Management Committee serve for one year, all other trustees serve for an initial period of three years. Upon expiry of the three year period the trustee can again stand for re-election for two further consecutive three year periods but subject to a maximum period in office of nine years. All Officers who assume the role of a Trustee are subject to re-election on an annual basis at the AGM. The number of trustees shall not be less than five or more than ten.
## Organisational structure
The charity consists of its board of trustees, who meet regularly to discuss matters such as its aims, objectives, financial position, and the future direction of the charity. The charity trustees may delegate any of their powers or functions to a subcommittee.
Cumbria Tennis works closely with its member clubs and tennis venues, and the LTA (governing body for Tennis in the UK).
## Induction and training of trustees
The induction process for any newly appointed Trustee comprises an initial meeting with the Chairman and members of the Management Committee. Trustees are required to read the relevant Charity Commission information and familiarise themselves with the activity of Cumbria Tennis. Trustees are required to disclose all relevant interests and register them with the Management Committee and withdraw from decisions where a conflict of interest arises.
- 6 -
## **CUMBRIA TENNIS**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
The trustees' report was approved by the Board of Trustees.
Lynn Glaves Sophie Graham **Trustee Trustee** 16 March 2026
- 7 -
## **CUMBRIA TENNIS**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF CUMBRIA TENNIS**
I report to the Trustees on my examination of the financial statements of Cumbria Tennis (the charity) for the year ended 31 December 2025.
## **Responsibilities and basis of report**
As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
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 that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
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 financial statements to be reached.
## **David Ward FCA**
16 March 2026
- 8 -
## **CUMBRIA TENNIS**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
105,841
73,752
Charitable activities
**4**
97,193
-
Investments
**5**
896
-
**Total income**
203,930
73,752
**Expenditure on:**
Charitable activities
**6**
88,476
71,152
**Total expenditure**
88,476
71,152
**Net income and movement in funds**
115,454
2,600
**Reconciliation of funds:**
Fund balances at 1 January 2025
-
-
**Fund balances at 31 December 2025**
115,454
2,600|**Total**
**2025**
**£**
179,593
97,193
896|
|---|---|
||277,682
159,628|
||159,628|
||118,054
-|
||118,054|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The charity was not active during the previous period. It received no income and incurred no expenditure in that period, and hence no comparative information is available.
The notes on pages 11 to 22 form part of these financial statements.
- 9 -
## **CUMBRIA TENNIS**
## **STATEMENT OF FINANCIAL POSITION**
## _**AS AT 31 DECEMBER 2025**_
|**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Debtors
**14**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**16**
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after more than**
**one year**
**17**
**Net assets**
**The funds of the charity**
Restricted income funds
**20**
Unrestricted funds
**21**|**2025**
**£**
133
124,074
124,207
(17,006)|**£**
27,053
107,201
134,254
(16,200)
118,054
2,600
115,454
118,054|**2024**
**£**
-
-
-
-|**£**
-
-
-
-
-
-
-
-|
|---|---|---|---|---|
The notes on pages 11 to 22 form part of these financial statements.
The financial statements were approved by the Trustees on 16 March 2026
Lynn Glaves **Trustee**
Sophie Graham **Trustee**
- 10 -
## **CUMBRIA TENNIS**
## **NOTES TO THE FINANCIAL STATEMENTS**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **1 Accounting policies**
## **Charity information**
Cumbria Tennis is a Charitable Incorporated Organisation (CIO) Foundation, as a body corporate under Part 11 of the Charities Act 2011 on the 7 December 2023. The CIO registered with the Charity Commission on the same day. The address of the principal office is Chatsworth Tennis Club, St Aidans Road, Carlisle, Cumbria, CA1 1LS.
## **1.1 Basis of preparation**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Designated funds comprise unrestricted funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in note 21 to the financial statements.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in note 20 to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
- 11 -
## **CUMBRIA TENNIS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings 5% straight line Fixtures and fittings 20% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
- 12 -
## **CUMBRIA TENNIS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **1 Accounting policies**
**(Continued)**
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **1.11 Social investments**
Social investments are loans made to tennis clubs to support the ongoing growth in tennis. This would include capital investment.
The investment is measured as the total amount receivable from the tennis clubs at the year end date. The loans are interest free, unsecured and repayable over 5 years.
## **1.12 Public Benefit Entity Concessionary Loans**
Public benefit entity concessionary loans shall initially be measured at the amount received and recognised in the statement of financial position. In subsequent years, the carrying amount of concessionary loans in the financial statements shall be adjusted to reflect any accrued interest payable.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 13 -
## **CUMBRIA TENNIS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **3 Income from donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
Donations and gifts
105,841
2,000
Grants
-
71,752
105,841
73,752
**Grants**
LTA Core Funding
-
69,752
LTA Open Court Funding
-
2,000
-
71,752|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
107,841
-
-
71,752
-
-
179,593
-
-
69,752
-
-
2,000
-
-
71,752
-
-|**Total**
**2024**
**£**
-
-|
|---|---|---|
|||-|
|||-
-|
|||-|
The charity took over the activities and assets of Cumbria Lawn Tennis Association at midnight on 31 December 2024. The total net assets value transferred were £107,411 and have been included as a donation in the financial statements. £2,000 of this was restricted, in relation to Cumbria Inclusive Engagement Project.
## **4 Income from charitable activities**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|**Competition**|||
|Hotel contributions from parents|1,710|-|
|County Championship fees|3,056|-|
|**Performance**|||
|Performance coaching fees|50,128|-|
|**Other**|||
|Partnership funding|38,699|-|
|Ulverston court recharge|3,600|-|
||97,193|-|
- 14 -
## **CUMBRIA TENNIS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **5 Income from investments**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Interest receivable|896|-|
## **6 Expenditure on charitable activities**
|**Competition Participation Performance**
**Operations**
**2025**
**2025**
**2025**
**2025**
**£**
**£**
**£**
**£**
**Direct costs**
Staff costs
8,926
19,980
3,629
1,141
Delivery
3,284
1,400
5,000
-
Coaching costs
-
-
35,419
-
Court hire
-
-
19,481
-
County Closed Championships
2,898
-
-
-
Road to Wimbledon
368
-
-
-
Adult County Cup
10,058
-
-
-
Junior County Cup U8 - U18
21,530
-
-
-
Veterans County Cup
4,015
-
-
-
National Tennis League
248
-
-
-
Partnership fulfilment
-
-
-
-
Make A Difference
-
1,036
-
-
LTA operational costs
-
-
-
200
Coaching and Refereeing
Bursaries
-
800
-
-
Awards evening
-
-
-
690
Sundry expenses
27
792
55
-
51,354
24,008
63,584
2,031
**Share of support and governance costs (see note 7)**
Support
2,899
1,111
725
97
Governance
866
332
217
29
55,119
25,451
64,526
2,157
**Analysis by fund**
Unrestricted funds
13,269
8,008
54,062
762
Restricted funds
41,850
17,443
10,464
1,395
55,119
25,451
64,526
2,157|**Other**
**2025**
**£**
624
-
-
-
-
-
-
-
-
-
10,298
-
-
-
-
-
10,922
1,453
-
12,375
12,375
-
12,375|**Total**
**2025**
**£**
34,300
9,684
35,419
19,481
2,898
368
10,058
21,530
4,015
248
10,298
1,036
200
800
690
874|
|---|---|---|
|||151,899
6,285
1,444|
|||159,628|
|||88,476
71,152|
|||159,628|
- 15 -
## **CUMBRIA TENNIS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **7 Support costs allocated to activities**
|**7**
**Support costs allocated to activities**|||
|---|---|---|
|Staff costs
Depreciation
Ground rent
Light & heat
Telephone & internet
Printing, postage & stationery
Insurance
Bank charges & Stripe fees
Sundry expenses
Governance costs
**Analysed between:**
Competition
Participation
Performance
Operations
Other
**Governance costs comprise:**
Legal and professional
Trustee expenses
AGM expenses
**8**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
Depreciation of owned tangible fixed assets|**2025**
**£**
1,453
2,359
417
90
812
221
360
439
134
1,444
7,729
3,765
1,443
942
126
1,453
7,729
**2025**
**£**
441
474
529
1,444
**2025**
**£**
-
2,359|**2024**
**£**
-
-
-
-
-
-
-
-
-
-|
|||-|
|||-
-
-
-
-|
|||-|
|||**2024**
**£**
-
-
-|
|||-|
|||**2024**
**£**
-
-|
- 16 -
## **CUMBRIA TENNIS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **9 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year or the previous year.
Payments totalling £474 (2024: nil) were made to two (2024: none) trustees for reimbursement of expenses relating to travel & subsistence whilst carrying out duties on behalf of Cumbria Tennis
## **10 Employees**
The average monthly number of employees during the year was:
||**2025**|**2024**|
|---|---|---|
||**Number**|**Number**|
|Tennis Development Officer|1|-|
|Administrator|1|-|
|Total|2|-|
|**Employment costs**|**2025**|**2024**|
||**£**|**£**|
|Wages and salaries|35,316|-|
|Other pension costs|437|-|
||35,753|-|
There were no employees whose annual remuneration was more than £60,000.
## **Remuneration of key management personnel**
Key management personnel includes all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The Trustees have control of the charity so do not consider that any staff are key management personnel.
## **11 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 17 -
## **CUMBRIA TENNIS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **12 Tangible fixed assets**
|**12**|**Tangible fixed assets**||||
|---|---|---|---|---|
|||**Leasehold land**|**Fixtures and**|
**Total**|
|||**and buildings**|**fittings**||
|||**£**|**£**|**£**|
||**Cost**||||
||Additions|23,905|5,507|29,412|
||At 31 December 2025|23,905|5,507|29,412|
||**Depreciation and impairment**||||
||Depreciation charged in the year|1,258|1,101|2,359|
||At 31 December 2025|1,258|1,101|2,359|
||**Carrying amount**||||
||At 31 December 2025|22,647|4,406|27,053|
|**13**|**Social investments**||||
|||||**Facilities loans**|
|||||**£**|
||At 1 January 2025|||-|
|||||3,000|
|||||(3,000)|
||**At 31 December 2025**|||-|
Loans are interest free and repayable over 5 years.
No new loans were issued during the year however the charity continued to accept repayments on the one outstanding loan acquired with the assets of the predecessor Association, which has been fully repaid in the year.
|**14**|**Debtors**|||
|---|---|---|---|
|||**2025**|**2024**|
||**Amounts falling due within one year:**|**£**|**£**|
||Prepayments and accrued income|133|-|
- 18 -
## **CUMBRIA TENNIS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **15 Loans and overdrafts**
|Public benefit concessionary loans
Payable within one year
Payable after one year
Amounts included above which fall due after five years:
Payable by instalments|**2025**
**2024**
**£**
**£**
19,800
-
3,600
-
16,200
-
1,800
-|
|---|---|
Public benefit concessionary loans represents a loan from the National LTA governing body. The loan from the LTA is unsecured and is interest free. Loan repayments of £1,800 are made twice a year. The loan will be repaid in January 2031.
## **16 Creditors: amounts falling due within one year**
|**Notes**
Public benefit concessionary loans
Other taxation and social security
Deferred income
**18**
Trade creditors
Other creditors
Accruals
**17**
**Creditors: amounts falling due after more than one year**
Public benefit concessionary loans
**18**
**Deferred income**
Arising from Partnership funding
Deferred income is included in the financial statements as follows:|**2025**
**£**
3,600
1,646
8,000
3,209
66
485
17,006
**2025**
**£**
16,200
**2025**
**£**
8,000|**2024**
**£**
-
-
-
-
-
-|
|---|---|---|
|||-|
|||**2024**
**£**
-|
|||**2024**
**£**
-|
||||
- 19 -
## **CUMBRIA TENNIS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
|**18**
**Deferred income**
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 January 2025
Resources deferred in the year
Deferred income at 31 December 2025
**19**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**(Continued)**
**2025**
**2024**
**£**
**£**
8,000
-
-
-
8,000
-
8,000
-
**2025**
**2024**
**£**
**£**
437
-|**(Continued)**
**2025**
**2024**
**£**
**£**
8,000
-
-
-
8,000
-
8,000
-
**2025**
**2024**
**£**
**£**
437
-|
|---|---|---|
|||-
-|
|||-|
|||**2024**
**£**
-|
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
## **20 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At**|**1 January**|**Incoming**|**Resources**
**At 31 December**|**Resources**
**At 31 December**|
|---|---|---|---|---|---|
|||**2025**|**resources**|**expended**|**2025**|
|||**£**|**£**|**£**|**£**|
|LTA Core grant||-|69,752|(69,752)|-|
|Open court fund||-|2,000|(1,400)|600|
|Cumbria Inclusive Engagement Project||-|2,000|-|2,000|
|||-|73,752|(71,152)|2,600|
- 20 -
## **CUMBRIA TENNIS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **20 Restricted funds**
**(Continued)**
The LTA core grant must be allocated to the four core activity areas: competition, participation, performance and operations, with pre-determined percentages allocated to each area.
The Open Court programme is a national scheme that actively promotes and delivers opportunities for disabled people to get involved in tennis and padel
The Cumbria Inclusive Engagement Project was funding received by the previous Association in 2023. This was matched in that year by a transfer from unrestricted funds. This project is to widen the open court delivery to other areas within Cumbria.
## **21 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At 1 January**|**Incoming**|**Resources**|**Transfers At 31 December**|**Transfers At 31 December**|
|---|---|---|---|---|---|
||**2025**|**resources**|**expended**||**2025**|
||**£**|**£**|**£**|**£**|**£**|
|Make A Difference|-|-|(1,036)|4,036|3,000|
|Development of coaches bursaries|-|-|(800)|3,800|3,000|
|Places to Play Facilities Loans|-|-|-|55,000|55,000|
|Flood Insurance|-|-|-|15,000|15,000|
|General funds|-|203,930|(86,640)|(77,836)|39,454|
||-|203,930|(88,476)|-|115,454|
The Make a Difference fund is a grant scheme available to tennis venues within Cumbria with the aim of improving facilities, or increasing participation.
The Coaches Bursary fund is a grant scheme to provide financial assistance, subject to certain conditions, to those wanting to take their coaching qualifications.
The Places to Play Facilities Loan fund is intended to align with the LTA's Facility Loan Schemes by providing smaller levels of funding to support clubs with meaningful improvements.
The flood insurance fund is a sinking fund, to cover any associated costs if there is another flood in Carlisle.
- 21 -
## **CUMBRIA TENNIS**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **22 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
**At 31 December 2025:**
Tangible assets
27,053
-
Current assets/(liabilities)
104,601
2,600
Long term liabilities
(16,200)
-
115,454
2,600
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 December 2024:**
-
-|**Total**
**2025**
**£**
27,053
107,201
(16,200)
118,054
**Total**
**2024**
**£**
-|
|---|---|
## **23 Related party transactions**
## **Transactions with related parties**
During the year the charity entered into the following transactions with related parties:
During the year costs of £441 were incurred in relation to payroll services paid to Saint & Co, Chartered Accountants, of which Sophie Graham is a Partner. At the year end £297 was included within accruals.
- 22 -