ITF

ITF Trust Annual Report and Financial Statements 2021 7 The directors of ITF Limited in their capacity as Advisory Commi ee to the ITF Trust present their directors' report and audited consolidated financial statements for the year ended 31 December 2021. Principal Ac vi es The principal ac vi es of the group are the development and administra on of the sport of tennis worldwide. Policy and Prac ce on Payment of Creditors The ITF operates a 30-day payment policy. At the year-end there were 30 days (2020: 20 days) purchases in trade payables. Directors The directors who held office throughout the year and up to the date of signing were as follows: Athlete Representa ves to the Board: Mary Pierce Mark Woodforde Employees The group is commi ed to employment prac ces, policies and procedures which follow best prac ce, based on equal opportuni es for all employees irrespec ve of gender, race, na onal origin, religion, colour, disability, sexual orienta on, age or marital status. Employees are kept closely involved in major changes affec ng them through such measures as team mee ngs, briefings, internal communica ons and the Staff Engagement Group. There are well-established procedures to ensure that the views of employees are taken into account in reaching decisions. Poli cal Dona ons and Expenditure During the year neither the ITF Trust nor its subsidiaries made poli cal dona ons or incurred poli cal expenditure (2020: nil). Disclosure of Informa on to Auditors The directors who held office at the date of approval of this directors' report confirm that, so far as they are each aware, there is no relevant audit informa on of which the group's auditor is unaware; and each director has taken all the steps that they ought to have taken as a director to make themselves aware of any relevant audit informa on and to establish that the group's auditor is aware of that informa on. Statement of Directors' Responsibili es in Respect of the Financial Statements The directors of ITF Limited in their capacity as the Advisory Commi ee to the ITF Trust ('the directors') are responsible for preparing the group financial statements in accordance with UK adopted interna onal accoun ng standards to enable them to fulfil their obliga on to ITF Trust to obtain a non-statutory audit of the group's financial statements. The directors must not approve the financial statements unless they are sa sfied that they give a true and fair view of the state of affairs of the group and of the profit or loss of the group for that period. In preparing the financial statements, the directors are responsible for: • selec ng suitable accoun ng policies and then applying them consistently; • sta ng whether applicable UK adopted interna onal accoun ng standards have been followed, subject to any material departures disclosed and explained in the financial statements; • making judgements and accoun ng es mates that are reasonable and prudent; and • preparing the non-statutory financial statements on the going concern basis unless it is inappropriate to presume that the group will con nue in business. The directors are also responsible for safeguarding the assets of the group and hence for taking reasonable steps for the preven on and detec on of fraud and other irregulari es. The directors are responsible for keeping adequate accoun ng records that are sufficient and explain the group's transac ons and disclose with reasonable accuracy at the me the financial posi on of the group. By order of the Board David Haggerty René Stammbach President Chairman of the Finance Commi ee ITF, Bank Lane, Roehampton, London SW15 5XZ, United Kingdom 22 March 2022 Directors' Report Katrina Adams Carlos Bravo Mar n Corrie Bernard Giudicelli Jack Graham David Haggerty Nao Kawatei Anil Khanna Ulrich Klaus Salma Mouelhi Guizani Camilo Pérez López Moreira Aleksei Selivanenko Rene Stammbach Stefan Tzvetkov Bulat Utemuratov

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