THE CHESHIRE COUNTY LAWN TENNIS ASSOCIATION YOUTH TRUST ANNUAL REPORT
for the year ended 30th SEPTEMBER 2020
Trustees' Annual Report
The Trustees of The Cheshire County Lawn Tennis Association have pleasure in presenting their report and accounts for the year ended 30th September 2020, and can confirm that the accounts comply with statutory requirements, the governing Trust Deed of 9th February 1983.
Legal Status
The organisation is a registered charity, registered with with the Charity Commissioners number 513598.
Objectives
The charity is registered under the headings of Education and Training, and also Amateur Sport, and its aim is to help children and young people in Cheshire in the sport of Tennis.
During the year, the Trustees made grants to individuals and to the Cheshire County LTA.
In making such grants, the Trustees had regard to the guidance issued by the Charity Commissioners on public benefit.
Achievements and Performance
During the year, the Trustees generated income net of fund raising costs of £27,221. A total of £107,002 was expended on grants to individual juniors to help them progress in the game of tennis and to the Junior Tennis Programme of the Cheshire County LTA which has a policy of outreach to schools, public playing areas and a programme of open Junior competition across the County.
Financial Review
1. Result
2. Reserves Policy
3. Restricted Funds
There was a deficit of Income over Expenditure in the year of £79,781 (2019, a surplus of £74,657)
The Trust holds a portfolio of investments valued at £147,661 at 30.09.20. In addition there are cash reserves of £18,821
It is Charity's policy to hold these reserves as investments generating income and for the income in each year to be spent on the objects of the Charity. There are no restricted funds held by the Charity.
Organisation
The Trustees who served during the period under review were
Mrs E D S Laing
A V Wilding Esq
Mrs A Walker
Mrs D McKeever
R W Hughes Esq
The Youth Trust works closely with the Cheshire County LTA. At least one Trustee is actively involved in the running of the County organisation, and the County organisation provides the Youth Trust with access to its activities and its aspirations.
Review of Risks
The Trustees have reviewed all major risks the charity might be exposed to and are satisfied that the Charity has systems in place to mitigate those risks.
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Trustees' Annual Report (Continued)
Principal Address
The principal address of the Charity is:
Hoole LTC School Lane Mickle Trafford, Chester. CH2 4EF
Charity Assets
As at 30th September 2020 the majority of the assets of the Charity are listed investments.
| Independent Examiners | Independent Examiners | Morris & Co Chartered Accountants | |
|---|---|---|---|
| Chester House, Lloyds Drive, Ellesmere Port, | Cheshire. | ||
| CH65 9HQ | |||
| Bankers | Royal Bank of Scotland | ||
| 1 Dale Street, Liverpool. | |||
| L2 2PP | |||
| Stockbrokers | Tilney | ||
| Royal Liver Building, Pier Head, Liverpool. | |||
| L3 1NY | |||
| Authorised Signatories | |||
| RW Hughes Esq | Treasurer | signed R W Hughes | Date |
| AV Wilding Esq | Chairman | signed Anthony Wilding | Date |
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The Cheshire County Lawn Tennis Association Youth Trust Balance Sheet
as at 30 September 2020
Statement of Assets and Liabilities
| Assets Listed Investments at market value Current Assets Bank current accounts Current Liabilities Sundry Creditors Net Current Assets Statement of Reserves Accumulated Funds Reserves at the beginning of the year Decrease in value of listed investments (2019, increase) Deficit in Unrestricted Income in the year (2019, surplus) |
147,661 18,821 18,821 - - 18,821 166,482 276,889 -30,626 -79,781 166,482 2020 |
178,287 98,602 98,602 - - 98,602 276,889 194,281 7,951 74,657 276,889 2019 |
|---|---|---|
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The Cheshire County Lawn Tennis Association Youth Trust Receipts and Payments Account for the year ended 30 September 2020
| Income Fund Capital Fund Income Donations 150 - Patrons 1,252.00 - Operating activities to generate funds 1,101.00 - Fund raising and donations to support charitable objects 18,000.00 - Dividends and Interest from Investments 6,743.96 - Bank Interest 53.84 - Gross Income 27,300.80 - Cost of generating funds Cost incurred in relation to fund raising and sponsorship - - Bank charges 80 - Funds Expended on Charitable Objectives Training Grants made in accordance with the Trust's charitable objects 8,400.00 - Support of Cheshire Tennis Junior Programme 98,601.73 - Management and Administration Total Outgoings 107,081.73 - Deficit of unrestricted Income over Expenditure (2019 Surplus) -79,780.93 - Decrease in value of listed investments (2019 Increase) 2020 |
Total 150 1,252.00 1,101.00 18,000.00 6,743.96 53.84 27,300.80 - 80 8,400.00 98,601.73 107,081.73 -79,780.93 -30,626.00 |
2019 1,180 1,180 4,242 182,300 7,065 200 196,167 72,105 80 8,550 40,776 - 121,510 74,657 7,951 |
2019 |
|---|---|---|---|
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