Finance & Legal


T&RA Funds

The Tennis and Rackets Association (T&RA) was founded in 1907 as an unincorporated Members Club run by a Council, and is the National Governing Body of Real Tennis and Rackets. On 1st January 2013, the T&RA became The Tennis and Rackets Association Limited, a company limited by guarantee, with a Board of Directors replacing the Council. Both games have their own Committees, which are active in managing the affairs of their respective sports, each under a Chairman who also sits on the Board. The T&RA works with all Overseas Governing Bodies.

There are two principal classes of T&RA membership - Full [mainly individuals], and Corporate [mainly Clubs]. All players of both sports contribute a Corporate Fee each year, which goes to support the Governing Body and thereby the games. Every player of Tennis must be a member of the T&RA or a Corporate Member through their Primary Club if he or she wishes to have a current Tennis handicap. Membership of the T&RA Ltd is also a prerequisite for players wishing to enter certain tournaments.

The financial year runs from 1 July to 30 June. Day to day activities are conducted though the T&RA Ltd General Fund. The Annual Statement of Income and Expenditure, and Balance Sheet, of the General Fund and the YPF [see below] can be obtained by Full members from our office. Printed copies are circulated with the Notice of AGM each March.

In line with FRS 102, the accounts for DBTRAF have now been consolidated within the T&RA accounts.

The most recent audited accounts for the 12 month period until 30th June 2017 can be downloaded below:

The previously audited accounts can be downloaded below:

The General Fund manages the budgets for training (both professional and amateur), prize money, youth development, communications, handicapping, tournaments and administration. In addition, the Association has access to two other funds:


The Young Professionals' Fund (YPF)

The Young Professionals' Fund was established over 40 years ago. Income from the YPF is available to assist the funding of trainee Tennis and Rackets professionals. The Fund does not have charitable status and it relies on annual donations and investment income. It is managed by The Director of The Young Professionals' Programme, a position currently vacant and covered by the CEO; its accounts are published annually for the membership with the accounts of the T&RA Ltd General Fund.


The Dick Bridgeman TRA Foundation (DBTRAF)

The Dick Bridgeman TRA Foundation was also established in 1965. It is named after Dick Bridgeman, a man who did much to secure the future of the two games, and after whom one of the Rackets courts at Queen's is named. The DBTRAF now includes The Peter Kershaw Bursary Fund, as a result of Peter Kershaw’s generous legacy.

The DBTRAF is an independent charity which relies on annual donations and investment income. It is managed by Giles Pemberton, DBTRAF's honorary solicitor, who is a partner of Pemberton Greenish Solicitors, and its accounts are the responsibility of its Trustees.


Achievements of the Above Funds

In the past 20 years over £500,000 has been paid out in grants and/or loans for court construction, court repairs or training professionals. Most of the current Tennis and Rackets professionals have had their initial training part-funded by the YPF or the DBTRAF, and this programme is now extended to include modular, through-career training via the Club Professional Development programme.


Applications for Grants or Loans

Clubs and schools seeking grants or loans for courts should apply to the Chief Executive of the T&RA Ltd. Those seeking grants for trainee professionals should apply to the Director of the Young Professionals' Programme


Appeal for Donations

Thanks to judicious management, the investment income of both the YPF and the DBTRAF has increased, but at the same time subscription income has declined. Without trained professionals and well-maintained courts, our two great games will not prosper. Donating to the YPF and/or the DBTRAF is the best way for those of us who have had so much enjoyment from playing to give something back for the benefit of future generations.  The relevant forms can be obtained from the Chief Executive.  Donations to the DBTRAF can be gift aided for tax efficiency


Legacies

Legacies can be left to the YPF or the DBTRAF, but legacies to the DBTRAF are free of Inheritance Tax, as it is a registered charity. It is always best to seek the advice of your solicitor, but suggested wording for a legacy to the DBTRAF in your will or by codicil is:

"I give and bequeath to the Dick Bridgeman TRA Foundation (Registered Charity No 313843) the sum of £........... free of all inheritance tax, such sum to be applied to the general purpose of the said charity and I DECLARE that the receipt of any person who purports to be the Treasurer, Secretary, Trustee or other proper officer of the Charity shall be a complete discharge to my trustees"


Equality and Diversity Policy Statement

The Tennis and Rackets Association Limited is committed to making Real Tennis and Rackets accessible and open to everyone who wants to be involved in the games. We will achieve this by upholding the principles of equal opportunities in every aspect of the work we do. Download the full statement below:


Bribery Act 2010

The Bribery Act 2010 became law on 1 July 2011 and haysmacintyre, the independent auditor, noted that the Association did not have specific procedures in place. The Ethics Policy (below), used in conjunction with the Terms of Conditions within the employees' contracts, addresses any potential or emerging issues within the Bribery Act and provides a comprehensive set of high standards for staff conduct.

The Board does not carry out executive actions on behalf of the Association but should themselves be nevertheless bound by the Ethics Policy. The Board therefore ratified and adopted the principles of the Ethics Policy and interpret them as applicable to the governance of the T&RA Ltd. The Board has also explicitly stated that it expects all T&RA Ltd representatives to adhere to Ethics Policy.


The Data Protection Act

All organisations that collect personal data must comply with the law on how data is handled. The T&RA and Real Tennis clubs collect personal data from their members (and employees and sub-contractors) and it is important that clubs are aware of their responsibilities.

There are two documents attached below. The first is a very brief guide for RTO administrators, the second is a more detailed description of responsibilities under the Data Protection Act for clubs.

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