## **Selkirk Tennis Club SCIO** ## **Scottish Charity No – SC045893** **Annual Report and Financial Statements for The Year Ended 31st March 2025** ## **Trustees Annual Report For the year ended 31st March 2025** The trustees have pleasure in presenting their report with the financial statements for the year ended 31st March 2025. **Charity Name -** Selkirk Tennis Club SCIO **Charity No** - SC045893 **Address** - ## **Trustees** The trustees during the year were: Chairman (retired at AGM 31 October 2024) Chairman (from 1 November 2024) Treasurer Secretary Welfare Officer ## **Selkirk Tennis Club Accounts to 31 March 2025** ## **Structure, Governance and Management** ## **Constitution** Selkirk Tennis Club is a Scottish Charitable Incorporated Organisation (SCIO) that was registered in its current legal form on 12 August 2015. The Charity was previously an unincorporated association, the assets of which were transferred at the time of registration as a SCIO. It has a single tier structure and, as such, the trustees are members of the Charity. ## **Appointment of Trustees** Trustees of the Charity sit on the management committee, which meets regularly and are elected at the Annual General Meeting (AGM) which is held annually (usually October). There must be a minimum of three and a maximum of 20 trustees. ## **Objectives and Activities** ## **Charitable Purposes** The club exists for the advancement of public participation in sport. ## **Activities** Selkirk Tennis Club is committed to maximising use of the club’s facilities by as many people as possible to increase the numbers playing tennis and receiving the numerous health and social benefits associated with this sport. As well as offering access to the facilities of the club (three tennis courts) to all members, Selkirk Tennis Club provides a “place to play” tennis offering pay as you play for nonmembers, along with priority access to the town’s schools during term-time. has provided coaching of juniors at Selkirk Tennis Club throughout the year ended 31[st] March 2025. ## **Achievements and Performance** The aim of the club is to continue to grow through attracting people of all ages and abilities in an inclusive manner. ## **Financial Review** Annual 2024-25 membership fee rates were: - Family (£140) - Adult (£65) - Junior/ Child/ Student (in full time education) (£30) These were unchanged from the previous year. Total income in 2024-25 was £3,283, a decrease of approximately 10% compared to the previous year. All income was derived from charitable activities: - Membership fees £2,396 - Honesty Box £117 - Coaching fee income received £313 and - Credit interest £457. Total expenditure in 2024-25 was £22,871, which included a one-off payment of £20,680 for court re-surfacing. Discounting the court repairs, total expenditure amounted to £3,899, a decrease of approximately 30% compared to the previous year. Payments relating to charitable activities amounted to £2,192, a decrease of 35% compared to the previous year. These were split as follows: - Fees paid to the Club’s tennis coach (£1,278) - Tennis Borders Registration fee (£224) - Tennis Scotland Registration fee (£420) - Reimbursement of fees for attendance on Level 1 Tennis Coaching Course (£250) and - Miscellaneous items (£20). Gross trading payments amounted to £1,707, a decrease of approximately 20% compared to the previous year. These were split as follows: - Scottish Power (electricity costs) £747 - Insurance costs £460 - Professional fees relating to a structural report on the condition of the Clubhouse £300 and - Audit fee £200. Ignoring the cost of court repairs, the trading result is a cash deficit of £616 which represents an improvement compared to the deficit of £1,198 recorded in the previous year. Taking into account the cost of court repairs, the total cash deficit for the year was £21,296. This decreased total cash and bank balances to £18,430 (see Reserves policy below). **Discussion** The main reason for the 2024-25 loss of £21,296 was the cost of re-surfacing the top court which was funded entirely by the club in the absence of any available grant. Efforts by the trustees to reduce costs were successful with an overall decrease of 30% compared to the previous year. However, the further 10% reduction in income compared to the previous year means that a trading loss is recorded for the second year in a row. In an effort to restore break-even as a minimum, it was agreed at the AGM in October 2024, that membership fees would be increased with effect from 1[st] April 2025. The results of these increases will be reflected in the accounts to 31[st] March 2026. ## **Future Plans** The trustees intend to continue to expand the services available to members and nonmembers alike, providing full and open access to the sport of tennis to as many people as possible in a positive and supportive environment. has continued to run junior coaching at the Club and, thanks to his efforts, Selkirk Tennis Club is once again fielding a Junior team in the Borders League. has continued to offer coaching at the club throughout 2025 and the Trustees very much hope that this will continue to further stabilise the junior section of the Club. ## **Reserves Policy** In recognition of the need to repair and/or replace facilities in the future a sinking fund and a clubhouse fund were both established in 2016/17. Following the decision to re-surface the top court in 2024 and, in the absence of any available grant(s), pay for this from the Club’s resources, together with losses incurred over the past two years, it has been necessary to transfer £21,500 from reserves, which have consequently reduced to £17,500, As at 31[st] March 2024, this leaves a total of £930 as “working capital” to meet the Club’s day to day commitments. The Trustees believe that this will be sufficient based on the Club’s financial commitments and the anticipated income from charitable activities. ## **Sinking fund allocations** |2016-17|£6,750| |---|---| |2017-18|£2,907| |2018-19|£10,343| |2019-20|£6,000| |2020-21|£10,000| |2021-22|£1,000| |2022-23|£2,000| |2023-24|Nil|| |---|---|---| |2024-25|-£21,500|transfer from Reserves| |**TOTAL**|**£17,500**|| Receipts and ￿v￿nts acc¢yJnts for the from 1st Awll 2024 to 31st March 2025 Total fwM15 Tgt31 hmd5 [￿rrent period l* period fund5 fund5 Donatlons Grants Transferfrom ReseThes Intyxnefrom irNesknEnts othwthan larxl arKI IxJi1dr Rentsfrom land and building5 2J96 3283 2.240 Proceeds from sak of fi¥e(l assets Pr(x2edsfrom Sa￿ of inve5trr E¥pense5 for fvndraigr¥ artMbe5 Gr055trading pay￿￿nts IrNe5tment rnanagerr￿ costs Payments relating dir&rt￿ to d￿ritat￿È *tivib Grantsand donatlons G(r￿nance costs: lJ)7 4507 2.118 22J71 871 3.375 2(*) PreWat1￿ of annual accounts Legal costs A4 S￿￿t￿al 24￿7> 24579 m¢wem•nts Purthases of ffixed a55ets 24J79 24579 N•t r•¢•yitsl Ip•yrn•ntsl -21296 .21396 -4814 tol lfr•ml fw Surplus1 I￿NItI foryear -21,2% -21,296 -1,814 C45handbankbJlarKesatstwtof 39,n6 4L5 -21396 430 n6 "Thebar& ba￿t￿5 117fA) Bo$32 t17 312.17 theb*(erfxthKhrKk*5 Athlitional Anatysis111 Anatysis of re£eipts and payments l Oonakn funds funds nds to thÈaiest £ to •)ÈatÈst £ to ￿arts1 £ Total Trta1£*ff￿t Total last 2 Grants nds to nearest £ to nearest £ to nearest £ to nearest £ Total 3 Gr055 re￿￿ts from dwrtable funds ds ds to nearest £ to TrEaie5t to neaie5t to neaiest £ to neatest É to nearest £ Com[￿￿￿onS Coachlryg fees Merchandise Honesty box Member5hipfees Rusty r￿quet5 surplu5 Mist Deposfft Account CredSt Interest Tenni5 S(otLind (Refvndl 313 313 339 117 117 361 2a96 2240 457 457 740 Total 3283 3283 4 PayTnents relatiTrd dwecty to thaiitable artr¥ihes endoW￿t Totalturrent Total last fvnds fvnds fvnds peiiod to nearest £ to nearest £ to neare&* £ to Deare4 £ to nearest £ to Dearest £ Tenni5 Balls 877 Compebbons Equipment Coachlr* Fee5 Merchandise Maintena￿e/ Repai Coaching Course5 Safeguarding Course Tennis Borders Tennls ScotL•nd Lbve Borders- Ettrick & tsuderda Club5POrt Affiliation Court Repairs Misc 1.278 78 L740 250 250 224 224 218 420 420 405 20. 20 105 Total 21871 2U71 a37S funds ds ds to nearest £ to neare5t& to nearest to neaiest £ to neatest £ to nearest £ Scottlsh Power Insurance Independent examiner fee Profe55ional fee5 Istrurtural Re￿rt on Clubhouse) HMRC 747 747 765 20) 21Y) 547 Total 1.707 L707 1118 Additional Analysis12) Breakdown of unrestricted funds Total unrestricted funds last period Total unrestricted funds Receipts Donations Grants Receipts frotn fundraisinB actwities Gross trading receipts Buildings Rents from land and buildings Gross receipts f rom other charitable activities - membership fees 887 2.396 3,283 2.396 3,283 2,240 3,680 Sub-total Receipts from asset and investment sales Proceeds from sale of fixed assets Proceeds from sale of investments Sub-total Total receipts 3.283 3,283 3,680 Payments Expenses for fundraising activities Gross tradin8 payments (Utilities and Insurance) Investment management costs Payments relating directly to charitable activities Grants and donations Professional fees {Structural Report on Clubhouse) Governance costs.. 1.507 1,507 2,118 22,871 22,871 3,375 Audit/independent examination Preparation of annual accounts Legal costs other Sub-totsl 2(K) 2(Kl 24.579 24.579 5.494 Payments relating to asset and investment movements Purchases of fixed assets Purchases of investments Sub-total Total payments 24.579 24.579 5,494 Net receipts / (payments) -21.296 -21.296 -1.814 Transfers to/ (from) funds Surplus / {deficit) for year -21,296 -21,296 -1,814 ## **INDEPENDENT EXAMINER’S REPORT** ## **Selkirk Tennis Club SCIO – Charity No: SC045893** I report on the accounts of Selkirk Tennis Club SCIO for the year ended 31[st] March 2025. ## **Respective responsibilities of management committee and examiner** The committee is responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The management committee considers that the audit requirement of Regulation 10(1)(d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention. ## **Basis of Independent examiner’s statement** My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given in the accounts. ## **Independent examiner’s statement** In the course of my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in any material respect the requirements: a) to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and b) to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date: 31[st] December 2025