SOURCES OF INVESTMENT IN BRITISH TENNISThe LTA and the TF jointly invested over £69.5m in British tennis in 2011 (£65m in 2010). In order to grow and sustain the sport the LTA manages the generation of the income and use of reserves under a robust governance structure and takes a long term view of the need to develop the sport.Of the funds invested in any year the majority of the income is generated by the ongoing operating activities. The split of this income between the major revenue sources is shown here.As the national governing body for tennis in Great Britain, the LTA's financial goal is to support and increase income generation into the game so that it can be invested into growing and sustaining the sport. Investment expenditure is targeted within four main areas; Participation, Performance, Major Events and Servicing British tennis. INVESTING IN BRITISH TENNISThis section gives a top line view of the expenditure in these four areas as well as how these funds have been generated. It is intended as a simple overview for quick and easy reference. For more detail and some practical examples of what has been delivered in each of these areas go to the individual section for each area found on pages 5 to 27.The total investment in 2011 in British tennis was £69.5m, an increase of 6.4% over 2010. £62.4m was operating expenditure and £7.1 m was capital investment in facility projects. The operating expenditure is the ongoing annual expenditure by both the LTA and TF.£69.5m£35.2m£7.7m£9.5m£7.5m (Capital funding £4.7m, Revenue Funding £2.8m)£1.6m £8mINVESTING IN BRITISH TENNISCHAMPIONSHIPSSURPLUSOTHER INCOMEMAJOR EVENTSSPORT ENGLANDLTA CAPITAL FUNDING COMMERCIAL30

BRITISH TENNIS ANNUAL 2011FINANCE AND GOVERNANCEWHERE THE MONEY IS INVESTEDThe total investment in 2011 in British tennis was £69.5m, an increase of 6.4% over 2010. £62.4m was operating expenditure and £7.1m was capital investment in facility projects. The operating expenditure is the ongoing annual expenditure by both the LTA and TF.£69.5m£19.3m(£16.2m in 2010)£64.5m£65.3m£69.5m£21.6m(£19m in 2010)£12m (£13.4m in 2010)£16.6m (£16.7m in 2010)Over the last three years steady increases in revenue generated from the LTA's major events and commercial programmes as well as higher surpluses from the Championship's have enabled the LTA to invest more in the sport each year. FINANCE AND GOVERNANCE REPORT 2011To view the report with all the detailed information on Finance and Governance click belowINVESTING IN BRITISH TENNISPARTICIPATIONMAJOR EVENTSTRENDS OF INVESTMENT IN BRITISH TENNIS200920102011PERFORMANCESERVICING BRITISH TENNISThe four drivers of participation are places, people, programmes and promotionWe are growing revenue to invest across the sport. We are delivering world-class tennis eventsWe are delivering high quality support to improve people's experience of British tennis whether you are involved in the game already, new to the sport, or working in British tennisWe are identifying and supporting talented players. We are investing in and supporting performance clubs, coaches and competitions31