## **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.
**1**
## **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|
**2**
## **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|
|---|---|---|
**4**
## **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|
|---|---|---|---|
**5**