FINANCIAL STATEMENTS AND INDEPENDENT EXAMINER'S REPORT YEAR ENDED 31 DECEMBER 2024 BUCKS COUNTY TENNIS (Charitable Incorpoffjled Organi5alion} CHARITY REGISTRATION No: 1207665
BUCKS COUNTY TENNIS CONTENTS Page 3 Legal aNJ Administrative Inftyma Page 4 Staternent of Financial Activth5 Page 5 8alance Sheet Page56to 13 Notes lo the FinarKi31 Ststement5 Page 14 Indepenrjeni Ex•minÈrfs R&pK)rt
BUCKS COUNTY TENNIS (Charitable Incotporaied Org8ni8ationl LEGAL AND ADMINISTRATIVE INFORMATION CHARITY NUMBER 1207665 DATE OF REGISTRATION 28 March 2024 START OF F114ANCIAL YEAR 1 January 2024 END OF FINANCIAL YEAR 31 December2024 TRUSTEES AT 31 DECEMBER 2024 Stephen Big95 Joanna Hale Venetia Collman Rosemary Badman Kenneth Shaw LEGAL STATUS Charitable Incorporated Organtsalion GOVERNING DOCUMENT Conslilutien of a Charitsble Incorporated Organ15ation with voting members other Ihafi its charity Iruslees (Association. model conslitutionl dated 23 Novembef 2023 and s19rd on 15 January 2024 OBJECTS The promotion of community participation in healthy recreaiion for the benefit of Inhabilanls of Buckin9hamshire by the provision of opportunities for playing tenni5 CORRESPONDENCE ADDRESS Bucks Indoor Tennis Cèntre Holme Lane High Wycomb& HP12 4QA PRIMARY BANKERS Metro Bank PLC One Southampton Row London WC1B5HA INDEPENDENT EXAMINERS JD Mehta Limit 27 Old GIouster Street London WC1N3AX
BUCKS COUNTY TENNIS (Charitable Incorporated OrganisatiMI STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Llnrestricted funds RestrScted Income funds T¢>tAI fund$ Prior 15 Months fund5 Incomlng resources (Notg 21 Donations and 98¢1$ 21,250 89,235 110,485 88.965 Charitable activil 36,908 36,8 38.691 Bank interest 5.320 5.320 4,316 Separate maienal rtem of incowe 7.820 7.820 4.210 Other 20,000 TOTAL INCOMING RESOURCES 63,478 97.055 156,1B2 Re80urc8$ &xpended INot8 41 Raising funds 2,500 2,0 500 Chafitable activities 51,187 89.235 140.422 183,880 Separate mat8nal item of expense 7.820 7.820 4.210 Tax on interest 853 853 820 TOTAL RESOURCES EXPENDED 84,$40 97,066 151 595 189 390 NET MOVEMENT IN FUNDS 8.938 Reconciliation ol fund$'. Total funds brought forward 144.625 144.625 177,833 TOTAL FUNDS CARRIED FORWARD 163,663 153 563 144,625 All of the charity's oper2ti¢n$ ao classed a5 continuing. The notes on pag 6 to 13 fom p3rt of these financial Ststents. Prior year p8ri&1 is 15 montlts long due to the charye in the charity's a(ounting reference date to 31 Dewnberto lion Trmlh the year end and funding year of LTA Operations Lllrited
8UCK3 COUIITY TeN141S BALANCE SHEET AS AT 31 DECEIABER 2024 T(Y Tcrf•l fundF sT¥J5 D•kn¥ l•iry y•t INrt• 9 21 44,620 TOTAL I>pIlLENT AMET• 446 t)et¢otb iiw INot• 9 11 16. 18W 18.71 cw at L•nk h•NtINc¢• 81 131.S4è 131 549 107.IX)1 TOTAL CURRENf ASSETS 123 761 Crndl&x•.' duo or year 101 27,9 276 Y3.7 NET CLIRAEKf AS8ET8 12J 123 TOTAL AI•ETI Lt•• ClJRRE14TLI48JUY• 144.125 TOTAL NET ASJETJ Furth Ch 153, Is3.3 144 825 TOTAL FUNOS 144.825 8wtton IriF tetsLI try tiwt•è pl¥ nM 4 1 fsi¢.¢.'.
BUCKS COUNTY TENNIS ICh8ritab4e Incotporated Organisalionl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 BASIS OF PREPARATION Basls of Accountifig The finanoal statements have been prepared under the hisloriegl cost converttn with items r8co9nised at Cost or transaGtion Value unless othetwise staled in the relev8nt notes to these accounts. The fin8ntial slatetnen15 hove been prepar8d in accordan¢e with the Statement of Re¢omrDended Practi Accounting and Reporting by Charrties ISORP 20151 Isecond edition. effective 1st J3nuary 20191, the Financial Reporting Stsndard 8pplicabl8 in the UK and Republi¢ of Irelan(J IFRS1021 an(J the Chanlies Acl 2011 The charity rnoels the defInitn of a piJbliG benefrt entty a8 defined by FRS102 Goirtg Concern The trustee5 consider that Ihert are no m8terial uncertainties related lo event5 or conditiorts that cast Significant doubl on the ¢harity's ability to continue as a going concern. Re¢o9nition of Incomlng Ra$ourGos Incoming resou[5 are induded In the siatement of Financi81 Activities ISOFAI when". the charty becomes enlilled to the resource5. the trustees arÈ virtually certain they will receive the resources, and the monetary value can be measured wth $ufficieDI liaIrtY. Where incoming resou$ have related expendrture laswilh fundraising or conlra¢i inGornel the incoming resource and re121ed exF4ndrture are pOrted gr055 In the SOFA. Grant5and donations are only in¢luded in the SOFA when the charity has unconditional enlillementtothe resources Incoming re50urc8s fvom tax 315 on donations and glfts are inGluded in the SOFA at the same lim& as the gift t¢ whi¢h they relate. ContraU¥l in¢ory* and pertormance-related grants are only included in the SOFA once t related goods or servi¢es have tsn delivere(I Gifts In kind are accounted for al a reasonable e51im31È of Ih8ir value to th8 charily or Ihe amount actually reslised. Gifts In kind for sale or distribution are Included in the accounts a$ gift5 only when 501cl or distributed by the charity. Gifts In kind for use by the charity are in¢luded in the SOFA as Incoming Esource5 when receivable. Donated serwiees and facilitie5 are only includèd In incoming resources Iwith an equivalent 2mount in re50urces expendedl where the benefitto the chanty i8 reasonabFy quantrfiable. rn8asurab and material. The value placed on thes? resources Is the e$timaled value to the chafily of the seiCe or facility received The value ofany voluntary help rec8wed ts not included in the 3co)unts. Investment income b in¢luded inthe accounts when recewabk. Recognitlon of Expenditure Inlhere the charity gives a grani with a condition for rts payment being a specific18vel of service or output to be proviijed, such grants are onty rec¢gni%d in the SOFA onee th& CIpIent ofthe grant has provhjed the spe¢ified setvio or output. Grants payable withoul performance conditions are only COgnIsed in the accounts when a ¢ommitment has been made and there a no Gondilions lo be rrÉl relating lo a grant which remain in control of the d)arity
BUCKS COUNTY TENNIS Ichariiable Incowraied Org8nis8tionl BASIS OF PREPARATION- CONTINUED R*cognityon of Assets and Llabllltfjo8 Debtor5 are rnessured at their recovwable amLNJnts Ithe amount the tharty anticipate5 11 will receive frthm a debt or the ount it has been paid in advance for goods or seNicesl. Liabilities are recognised as soon as the is a legal or constructive obligation cornmitting the charity to pay out resources ANALYSIS OF INCOME Unrestricted funds RestrSctsd income fund8 Total funds prtor15 month$ Donations and legacies.. Lawn Tenni5 Assl8110n grant 68,250 68.250 65.000 Sponsorship 21,250 20,985 42.235 23.965 TOTAL 110485 Charltable aciivilies.. Perfornanee training In¢ome 23 035 23,035 28,204 League and c¢mpetilion entry fees 13.873 13,873 10,487 TOTAL Income Irom Irw8stsn•nts.. Interest income 5.320 5.320 4,316 TOTAL Sèparate fflaterfal item of Income.. Inme from sponsors for Wmbledon tketS 7,820 7.820 4,210 TOTAL 7,820 7,820 Other.. Release ol reserves 20,OW TOTAL 20.0 TOTAL INCOME 63,478 97.OS5 160 533 156182 All Income In the prior penod was unrestricted expt for the LTA Operations Limited grant of £65.000. which wa$ Spent on cor& eharrtable aclivrties (Note 31. Deposit fvnds of £20.000 were reased from ServeS in the prior period
BUCKS COUNTY TENNIS Ichariiable Incorporated orgarusalnI RESTRICTED FUNDS Th8 restricted fijnd of Charity is funde¢l by an annual grant from LTA Operations Limited. The funding agreernent specifies the allocation of the grant to each of the lour core charit8ble activrtie$ For 2023 and 2024. the grant allocation5 were as follows, applied after Llirect Income and specific sponsorship.. Volunteering Participation Competition Perfoiman¢e 2% 23% 60% 15% ANALYSIS OF EXPENDITURE 2024 Restricted Prior 15 mt>nths Restrlcted Incorne fijnds Unr8Strictod ftJnd$ Totsl lund$ Unrgstricted funds Total funds lund$ Exp8ndltur8 on r81sing lund$'. Incurred seeking $ponsor5hip 2.500 2.500 500 500 TOTAL EXPENDITURE ON RAISING FUNDS 500 500 Expenditure on charftsble 4CtiYities'. Volunteerir 4.141 2.745 6,886 10,480 1.300 11.780 Participation 2,306 20.698 23,004 24,263 14,950 39,213 Competition 17,693 48,450 66,143 31.748 39.000 70.748 Pertorrnance 27,047 17,342 44,389 52.369 9,750 62,119 TOTAL EXPENDITURE ON CHARITABLE ACTIVITIES SI.1B7 89 235 140 422 118,860 85,000 183,860 S¢parat• material item of ¢xpense'. mbletton li¢kets for sponsors 7.820 7.820 4.210 4.210 TOTAL SEPAFiATE MATERIAL ITEM Other". T8x on interest 853 853 820 820 TOTAL OTHER EXPENDITURE 853 853 820 820 TOTAL EXPENDITURE 97 055 151 595 120180 189390
BUCKS COUNTY TENNIS lTh)watad Orgarysalionl SUPPORT COSTS 2024 Prior Raising i fvnd8 . Voluntti•rin Grand Totsl on Corn etition Perforrnance months Committee rrvamb81 expenses and meetings 1.913 1,913 3.266 AdM1nL8tratn tnanager 2,555 10.220 6.388 6.387 25,550 31.325 County pe*form3nc6 Offar 3.203 1.922 7.887 12.812 13,515 LTA gIstratioN fee5 80 50 50 200 offi expen88 129 81 81 323 1,919 Independent examiner fees 186 744 465 1.860 1,010 TOTAL SUPPORT COSTS 4,708 14,376 8,906 14,670 42.6S8 S1,235 PAID EMPLOYEES This year Prior 15 month$ Salaries and wages 24.794 30.456 Soual se¢urily costs Pen$ion costs (defined cenlribulion schtmel 756 869 TOTAL STAFF COSTS GRANTMAKING 7.1 Analy$is of grants paid this year Ilncluded in ¢ost t>f charitable a¢tivitiesl Grants to institutions Grants to indlviduals Support Costs Total thls year Pertormance 6.000 Ceach education 1,214 1,214 Club development 1.500 1.500 Girfs. Part1PaI10n 150 150 1,27D 1.270 TOTAL GRANTS PAID THIS YEAR 1.$00 6.634 10.134
BUCKS COUNTY TENNIS (Charitable Ino)rporai8d Or9ani%aticnl 7.2 Grants made to institutions this ya8f linclud¢d in cost of charitsble activiti881 InstitLrtlon Purp088 Total 0rt pabd Chesham Bois Lawn Tennis and Squash Club New floodluhls TOTAL GIIANTS TO INSTITUTIQNS THIS YEAR 7.3 An4ly$is ol grants paid in previou5 15 month5 lin¢luded in Gost of thafitsbje activitiesl Grants to institutions Grants to indlvl+Jual$ Suppc+rt ¢gsts Totsl th18 year Performance 5.225 5.225 Coach eilucation 2.248 2.248 Club development 12,500 12.500 Oisabilty 2.357 2.357 TOTAL GRANTS PAID IN PRIOR PERIOO 12,500 9.030 22,330 7.4 Grants rnade tr+ in$titubon$ in prgvious IS month5 (included in cost of charitable activities) Institut4on Purpose Totsl amount paid Woobum Park Lawn Tennis Club Subsidence repair 1,500 Chesham 1879 Tenni$ Club New floodlights 1,500 Aston Park Tennis New floodligti15 1,500 High Vwcombe Lawn Tennis Club New floodlights 1,500 Great Mis5enden Lawn Tennis Club New floodlighls 1,250 Prestr400d Tennis Club New floodlights 1,500 Prin¢e$ Risborough Lawn Tennis Club New floodligh1$ 1,500 Bierton Lawn T8nnis Club Resurtaang 750 Bledlow Ridge Lawn Tenni$ Club Fl¢119hts 1,500 TOTAL GRANTS TO INSTITUTIONS IN PRIOR PERIOD 12,500 10
BUCKS COUNTY TENNIS lcharilable Incorporaletl ¢Tr9antsatsoni CASHATBANK ANDIN HANO 2024 2023 Short tem eash investments (less than 3 month$ maiurrty datel 84,812 81.592 Short term deposits 46,891 Cash at bank and on hand 2.846 25.409 TOTAL 134,$49 107,001 DEBTORS AND PREPAYMENTS 9.1 Debtors falling due within one year 2024 2023 Club loans within fallirrfJ due wrthin on? year 14.260 15.260 PrepayTnents accrued Income 2.300 1.500 TOTAL 16.560 16,760 9.2 Debtor8 recoverable In more than one yèar 2024 2023 Club loans falling due in rn0 than one year 30.360 44,620 TOTAL 30.360 44,620 10. CREDITORS AND ACCRUALS 10.1 Credltors falllng du& withln on* y•ar 2024 2023 ArLruals for grants payable 573 873 Accruals and defer income 26,720 21.525 Taxatyon and social seGurily 613 1.358 TOTAL 27,906 23,7S6
BUCKS COUNTY TENNIS Ichaniable Incorporated Orgarysalionl 11. CHANGE IN LEGAL FORAI lfi the current year, the d)8nty changed ils legal fofm, bul it5 purpose5 and benefioary class remained unchanged. Al an extraordinary general meeting on 17 January 2024, membèrs of Buckinghamshire L8wn Tennis Association, an unincorporsted association. approved r8gislr8tion of Buc*s County Tennis Bud(s County T&nnis was registered as Charitable Incorporated Organisalion with the Charity Commission on 28 March 2024 Effectiwe from 30 Septernbef 2024 Ithe merger dale), all assets, liabilities. contr8Cts. accounts and opeotion$ of Buckinghamshire Lawn Tenni5 A5soci31ion were Iranslerfed lo Bucks County Tennis ICIOI. In accordance wrth r8ouir8ments of Sethon 27 of with the Charilies SORP 2015 Isecon(l eLlrtion, effective lyt January 20191, this ehange in legal form w8s aecounted for 88 a m&rger Assèts. Iiabilrties and fund$ of the cofflbining charitEs were corllbined and presented as though they had always been part of the satne reporting entty 11.1 Analy$i$ of prinGipal SOFA components torthe current reportlng perlod Buckinghamshire LTA 9 rnonth5 to 30-9-2024 8ucks County T8nnis 9 months to 30-9-2024 Bucks Cou) T8nnis 3 months to 31-12-2024 ost-mer er Comblned totsl 2024 re-Tner er r-mer er Tol81 income 150.121 10.412 180,533 Total expendrture 113.788 37.809 151,595 Nel Incomellexpenditurel 36.335 - 27.397 8,938 NET MOVEMENT IN FUNDS 11.2 Anaty¥is of net assets at the date of the merger Buckingharnshire LTA at 30-9-2024 Bucks County Tennis at 30-9-2024 Combined total at 30-9-2024 Net assets 180.960 80,960 resented Unrestncted funds Restricted income funds 180.960 180.960 TOTAL FUNDS 180960 180 960 12. TRANSACTIONS WTH TRVSTEES AND RELATED PARTIES In the current year and Ihe previous 15 months, none of the trustees have been paid any reMUneratn or received any ether benefits from an employment wrth the GhaTity or a related enlty. In the current year. the charity paid for Irusle&'s expenses related to fUillIng their duties Amount of &xp?nses reimbursed in the curr8ni year wa$ £891 for mileage anLI £454 for axommodat10n (incurred by two trusleesl The ¢haraly own5 100•kn of shares In Bucks Tennis Limited. In the ¢urr8nt year and the pvIOuS period. the charity was noi required lo prepare consolid8t8d Igroupl aecounts, and the re5utts of Bucks Tenn15 Limited are not inGluded in these finan¢ial Statements No materi81 transaction look plate between the charity and Bucks Tennis Limrted In the cutrenl year and the previous peri(NJ Company accounts of Bucks Tennis Limited are available at CoTnpanies House. 12
BUCKS COUNTY TENNIS (Charitable Incorporated Organisalionl 13. RISK ASSESSMENT The trustees actively review the major risk5 which the charty faces on ¥ regular basis and believe that main18ining the free reser¥es slated, combined with the vIeW of the controls over key finanoal sys18ms carried out on an annual basis will provide sufficient resourc&s In the event of adwetse condrtions. The Iruslees have also 8xamined oth&r operational and business risks which they face and nf1M thai they have establLshed systems lo mitigate the $1gnifir2nt ri$ks. 14. RESERVES POLICY The trustees have consDJered the Ve1 of rÈseTVÈS they wish lo retain 35 appropriate lo the charity's needs. Th1s is based on the ¢harily's size the level of financial commitments held The Iruslees aim lo ensure that the chanly will be able to eontinu8 10 fulfil Ils charitable objectives even if ther8 is a tempofary shortfall In Income Qr un&¥peGted eKpendilure. The trustees will 8nd&avour not10 t aside funtt5 unnecess8nly. 15. PUBLIC BENEFIT The Gharity acknowledges the requirem&nt to Clearly dernonslrate that it has charitable purposes that are for th? public benefit. Detai15 of how the charty h8s achieved this are piovided in the Trustee5' Annual Report for the period to 31 Dember 2024 The Iruslees confirrn th81 they hav& p8id tegard lo the Charity Comrni55ion guidantt on publ benefit before dech1ing what acti¥itEs the charity should unrtake. 16. VOLUNTEER ACTivfTIES With the exception coaching, all the ch3rity'5 tennbs activities including those of its tru8iÈes, the management tommiiiee the Subcommittees and of clubs In Bu¢kingh#tnshire are run by unpaid volunt8ers. Coaches are paid for their time 2Ctording 10 their lev81 of qualrfiG81ion. 13
BUCKS COUNTY TENNIS Icbarilable Incorporated Organisalionl INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS I report lo the tw$tee$ of BuGks County Tennis ICIOI on my examination of the accounts of the charity for the year ended 31 Decemr 2024 sei out on page5 4 10 13 Respective re5ponsibilitl88 and bas18 of report The cttarty'8 Iruslees are resnsIble for the preparation of the account$ In acranCe with the reqUirerrrntS of the Charities Act 2011 Ilhe Act). The chanly's trustees consider that an audit Is not required for this yeaf under section 144 of the Act an¢J that an independent exarninalion Is needed. I report in respect of my examination of the charty's aGcounts ¢atried tsul under section 145 of the 2011 Act and in carrying out my examination, I have followed th& appIable Diredion$ given by the Charty CornTnission under Section 145(5llbl of the Act. My examinationwas carr*d out in acxordance with oeneral Directions given bythe Chanty Comrll155ion. An examination 1nclude5 a review of the accouniing retord$ k¥pi by the chafty and a comparison of the accounts presented with those records 11 also indudes consideration of any unusual rtems ordisclosures In the 8ccounls and seeking explanations from the Iruslees concerning any Such matters. The produS undertaken do notprovide alltheevidence that woulLI be required in an audrt, and consequently no opinion is given as to whether th8 accounts present a'irue and fairf view. The report is lirnited lo those Enatter5 Set out in the sl>ternenl below. Independ•nt èxamlno$ $tstefflont I have completed my examination. I confirm Ihal no material rn3tter5 have come lorny attention in ConneCtnwith the examination which gnies me cause lo believe th211n any material respect the accounting records were not kept In accor(lance with section 130 of the ALI or., the accounts do not acujrd svith the accounting record5. I have no concems an($ have Come a¢ro$$ no Other rnatters In connedion with the exarninalion to which attention should be drawn In order lo enable a proper undetstanding of the accoun15 to be reached. 4 AIuJ- Jana M&hla JD Mehta Limited 27 Old Gloucester stet London WC1N 3AX Date. 23 May2025