ITF

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 2023. 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 37 days (2022: 35 days) purchases in trade payables. Directors The directors who held office in 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 (2022: 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 auditors are 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 auditors are 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 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 financial statements on the going concern basis unless it is inappropriate to presume that the group will con nue in business. The directors are 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 also responsible for keeping adequate accoun ng records that are sufficient to show and explain the group's transac ons and disclose with reasonable accuracy at any me the financial posi on of the group. By order of the Board DIRECTORS' REPORT David Haggerty Katrina Adams (resigned 24 Sept 2023) Carlos Bravo Mar n Corrie (resigned 24 Sept 2023) Roger Davids (appointed 24 Sept 2023) Bernard Giudicelli (resigned 24 Sept 2023) Jack Graham Brian Hainline (appointed 24 Sept 2023) Asa Hedin (appointed 24 Sept 2023) Anil Khanna (resigned 24 Sept 2023) Nao Kawatei Ulrich Klaus (resigned 24 Sept 2023) Philip Mok (appointed 24 Sept 2023) Salma Mouelhi Guizani Lionel Ollinger (appointed 24 Sept 2023) Camilo Pérez López Moreira (resigned 24 Sept 2023) David Rawlinson (appointed 24 Sept 2023) Aleksei Selivanenko (resigned 24 Sept 2023) René Stammbach (resigned 24 Sept 2023) Jordi Tamayo De Winne (appointed 24 Sept 2023) Stefan Tzvetkov (resigned 24 Sept 2023) Bulat Utemuratov Dietloff von Arnim (appointed 24 Sept 2023) Rafael Westrupp (appointed 24 Sept 2023) ITF Annual Report and Financial Statements 2023 David Haggerty David Rawlinson President Chairman of the Finance Commi ee 5 June 2024 ITF, Bank Lane, Roehampton, London SW15 5XZ, United Kingdom

• Cover