2022-10-31-accounts - The International Golf Charity

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

REGISTERED COMPANY NUMBER: 04134006 (England and Wales)
REGISTERED CHARITY NUMBER: 1085994

`REPORT OF THE TRUSTEES AND`

UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD

1 JANUARY 2022 TO 31 OCTOBER 2022

`FOR`

`THE INTERNATIONAL GOLF CHARITY`

Kingfisher Business Advisors Ltd
Chartered Accountants

2 High St
Chobham
Woking
Surrey
GU24 8AA

THE INTERNATIONAL GOLF CHARITY

`CONTENTS OF THE FINANCIAL STATEMENTS for the Period 1 January 2022 to 31 October 2022`

		`Page`
`Report of the Trustees`	`1`	`to`	`3`
`Independent Examiner's Report`		`4`
`Statement of Financial Activities`		`5`
`Balance Sheet`		`6`
`Notes to the Financial Statements`	`7`	`to`	`9`
`Detailed Statement of Financial Activities`		`10`

THE INTERNATIONAL GOLF CHARITY

`REPORT OF THE TRUSTEES`

`for the Period 1 January 2022 to 31 October 2022`

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwith the
financialstatementsofthecharityfortheperiod1January2022to31October2022.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharities preparing
theiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

The following 'purposes of the charity' are set out in its governing document as summarised below.

The objectives of the charity are:

a.Thepromotionofthewelfare,andprovisionofopportunity,toyoungpeopleinneedofassistance,inorderto improve
theirconditionsoflife,mentalorphysicalhealth,activityanddevelopment,byinvolvementinextramuralstudies and
activities;

b.   The provision of such opportunities for the social rehabilitation of young offenders in need of assistance;
c.Thesupportandpromotionofcharitableorganisationsanywherearoundtheworld(whetherornot incorporated)
established for the benefit of children and young people, as the trustees in their absolute discretion, see fit;

d.Thesupportofothercharitiesandobjectivesanywherearoundtheworld,asthetrusteesintheirabsolute discretion,
see fit.

`Main activities undertaken`

Thecharity'spolicytoachieveitsobjectivesistoorganise,viaitssubsidiaryInternationalGolfforYouthLimited (IGFY).
fundraisinggolfingeventsworldwide.IntheseeventsamateurgolferstakepartinlocalheatsoftheDukeofEdinburgh Cup
inwhichwinnersineachregionaltournamentreceivetrophiesprovidedbyIGFY.Inaddition,thewinnersand runners-up
qualifytocompeteintheannualWorldFinalsoftheDukeofEdinburghCup.Necessaryexpensesareprovidedby the
CharitywiththerequirementsofAmateurGolfaslaiddownbyTheRoyalandAncientandtheUnitedStates Golf
Association.

IGFYseekslocalsponsorsforregionaleventswhomustcoverthecostsoforganisingtheeventandmakea substantial
donation to the International Golf Charity.

ThetrusteeshavehadregardtotheCharityCommission'sguidanceonpublicbenefitinmanagingtheactivitiesof the
charity.

`Grantmaking`

Thecharitygivesthetrusteesabsolutediscretionoverthedistributionoffunds.TheprofitsfromtheCharity'swholly owned
subsidiary,IGFY,aregiventothecharityforredistributiontotheselectedcharitiesagreedbythetrustees.Itisthepolicy of
the trustees to distribute all funds donated by IGFY, subject to maintaining a small working capital reserve.

Donationsbythecharityaredirectedtothecountrieswherethemoneywasraised,i.e.throughsponsorshipoflocal heats
of the Duke of Edinburgh Cup, and also towards a grant to the Duke of Edinburgh's Award International Foundation.

Asallmoniesdonatedtothecharityaretoberedistributedingrants,thecharitydoesnotretainfundsforinvestment. Any
temporarily held funds are placed on deposit to achieve the best interest rate possible.

Page 1

THE INTERNATIONAL GOLF CHARITY

for the Period 1 January 2022 to 31 October 2022

`REPORT OF THE TRUSTEES`

`OBJECTIVES AND ACTIVITIES`

`The main achievements and performance of the charity during the year`

HavingweatheredtheCovid19pandemic,the2022WorldFinalswerecontestedbythewinnersandrunnersupfrom nine
qualifyingeventsheldbothintheUKandaroundtheworld.ThesixoverseaseventswereheldinAnguilla, Barbados,
Bahamas,Bangalore,Gibraltar,andNewDelhi.ThreewereintheUK,namelytheNorthofEngland,theSouthof England,
andtheDukeofEdinburghUKevent.Whilstthiswasanimprovementonthe2021year,theCharityisnotbackto its
pre-Covidlevelofsupportandparticipation.Trusteeshoweverremaincommittedtocontinuethisimprovementand will
looktogrowtheCharityasbesttheycan.Theseeffortsarebearingfruitandasaresult,2023islookingeven more
promising with more new events confirmed.

HRHTheDukeofEdinburghkindlycalledintothereceptionpriortotheopeningdinnerattheWindsorCastleHotel to
welcomeparticipants.DuehowevertotheverysadpassingofHerMajestyTheQueen,theprizegivingGalaDinner was
held once again at Wentworth Golf Club with the prizes handed over by the then Chairman, Brigadier John Smedley.

TheglobalqualifyingeventsleadingtotheWorldFinals,organisedbylocalcharities,undertheauspicesoftheDuke of
EdinburghCup,raisedatotalof£220,597.MoniesraisedsincetheCharity'sinceptionin2001,thereforetotalsover £4.7
million.ThebackgroundandethosoftheDukeofEdinburghCupandtheInternationalGolfCharity,continuetobe that
monies raised are distributed to children and youth Charities around the world following careful scrutiny by Trustees.

TheTrusteesaregratefultoHMTheKing,forallowingthecharitytousetheRoyalHouseholdGolfClubcourseaspart of
the World Final event.

`The charity's impact on beneficiaries in the year.`

Asaresultofthecharity'sactivitiesduring2022theInternationalGolfCharity(IGC)incooperationwithlocalcharities has
generated over £220,000 for charitable organisations supporting young people around the world.

InaccordancewiththeSORP,theamountsraisedbylocalcharities,donatedlocallyandnotremittedtoIGCare not
reported in these accounts.

`FINANCIAL REVIEW`

`Financial position`

Thefinancialpositionofthecharityasat31stOctober2022,togetherwithcomparatives,arefullydetailedinthe attached
accounts.

Insummary,thecharityreceiveddonations(includingGiftAidRelief)of£46,315intheperiodandmadepayments to
charitablecausesamountingto£33,283leavingasurplusfortheperiodof£10,331.Thecharityreservesatthe beginning
of the year were £10,292 and at the end of the year the balance was £20,623.

`Reserves policy`

TheTrusteesareconfidentthatthereservespositionwillcontinuetoimprovein2023andbeyond.Theconfidencein the
financialpositionwasfurtherjustifiedbyadvancefundingforWorldFinaleventsamountingto£47,400carriedforward as
Deferred Income in the balance sheet at the period end date.

InconclusiontheTrusteesaresatisfiedthattheassetsoftheCharityaresufficienttomeetitsobligations,allsuch assets
being held in respect of Unrestricted Funds.

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.

`Recruitment and appointment of new trustees`

The methods used to recruit and appoint new charity trustees.

Thechairmanaskstrusteesalwaystobeonthelook-outfornewtrustees.Thoseproposedarevettedbyaworking group
ofthechairmanandoneortwoothertrustees,beforearecommendationismadethefullboard.Mostcandidatesare well
knowninthegolf,charity,orbusinessworld.Trusteesservefora5yearterm,renewableatthediscretionofthe trustees
for one further 5 year term. The policies and procedures are explained to the new trustees by the chairman.

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Registered Company number`

04134006 (England and Wales)

Page 2

THE INTERNATIONAL GOLF CHARITY

`REPORT OF THE TRUSTEES`

`for the Period 1 January 2022 to 31 October 2022`

`Registered Charity number`

`Registered office`

2 High St
Chobham
Surrey

`Trustees`

Brigadier J E B Smedley CVO
Mr C B Andrew LVO (resigned 17.1.2023)
Captain A M Aspden RN (resigned 19.5.2023)
Mr J M Benfold FCA
Mr F N Bickmore
Mr C J Dahl (resigned 17.1.2023)
Mr N J Pyle OBE (Chairman)
Mr T S J D Regan (resigned 19.5.2023)
Commodore M J D Walliker CBE
Sir D Hempleman-Adams KCVO (appointed 27.10.2022)

`Company Secretary`

Mr N J Pyle OBE

`Independent Examiner`

Adriaan van den Broek
Kingfisher Business Advisors Ltd
Chartered Accountants
2 High St
Chobham
Woking
Surrey
GU24 8AA

ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompaniesAct2006relating to
small companies.

Approved by order of the board of trustees on 14 July 2023 and signed on its behalf by:

Mr N J Pyle OBE - Trustee

Page 3

`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF`

`THE INTERNATIONAL GOLF CHARITY`

`Independent examiner's report to the trustees of The International Golf Charity ('the Company')`

IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheperiod1January2022 to
31 October 2022.

`Responsibilities and basis of report`

Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006Act and
areeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccountsascarried out
underSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowedthe Directions
given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

`Independent examiner's statement`

Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwiththe examination
giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Adriaan van den Broek

Kingfisher Business Advisors Ltd
Chartered Accountants

2 High St
Chobham
Woking
Surrey
GU24 8AA

14 July 2023

Page 4

THE INTERNATIONAL GOLF CHARITY

`STATEMENT OF FINANCIAL ACTIVITIES`

for the Period 1 January 2022 to 31 October 2022

		`Period`
		`1.1.22`
		`to`	`Year Ended`
		`31.10.22`	`31.12.21`
		`Unrestricted`	`Total`
		`fund`	`funds`
	`Notes`	`£`	`£`
`INCOME AND ENDOWMENTS FROM`
`Donations and legacies`	`2`	`46,315`	`24,335`
`Other trading activities`	`3`	`221`	`-`
`Investment income`	`4`	`-`	`2`
`Total`		`46,536`	`24,337`
`EXPENDITURE ON`
`Raising funds`		`2,922`	`-`
`Charitable activities`
`Duke of Edinburgh International Award Scheme`		`11,573`	`4,000`
`Gibraltar charity`		`-`	`10,958`
`DEBRA`		`-`	`15,385`
`Sanata Kenya`		`-`	`2,000`
`The Golf Foundation`		`16,000`	`-`
`Anguilla Charity`		`3,710`	`-`
`Kids on Track`		`2,000`	`-`
`Other`		`-`	`1,560`
`Total`		`36,205`	`33,903`
`NET INCOME/(EXPENDITURE)`		`10,331`	`(9,566)`
`RECONCILIATION OF FUNDS`
`Total funds brought forward`		`10,292`	`19,858`
`TOTAL FUNDS CARRIED FORWARD`		`20,623`	`10,292`

The notes form part of these financial statements

Page 5

THE INTERNATIONAL GOLF CHARITY

`BALANCE SHEET`

`31 October 2022`

		`31.10.22`	`31.12.21`
		`Unrestricted`	`Total`
		`fund`	`funds`
	`Notes`	`£`	`£`
`FIXED ASSETS`
`Investments`	`6`	`1`	`1`
`CURRENT ASSETS`
`Debtors`	`7`	`58,466`	`8,248`
`Cash at bank`		`14,887`	`3,664`
		`73,353`	`11,912`
`CREDITORS`
`Amounts falling due within one year`	`8`	`(1,621)`	`(1,621)`
`NET CURRENT ASSETS`		`71,732`	`10,291`
`TOTAL ASSETS LESS CURRENT LIABILITIES`		`71,733`	`10,292`
`ACCRUALS AND DEFERRED INCOME`	`9`	`(51,110)`	`-`
`NET ASSETS`		`20,623`	`10,292`
`FUNDS`
`Unrestricted funds`		`20,623`	`10,292`
`TOTAL FUNDS`		`20,623`	`10,292`

ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe period
ended 31 October 2022.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheperiod ended
31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon14July2023andwere signed
on its behalf by:

Mr N J Pyle OBE - Trustee

The notes form part of these financial statements

Page 6

THE INTERNATIONAL GOLF CHARITY

NOTES TO THE FINANCIAL STATEMENTS

for the Period 1 January 2022 to 31 October 2022

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Companies
Act2006.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention,withtheexception of
investments which are included at market value.

`Income`

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthe charity
tothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandthe amount
oftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhas been
classifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectly attributed
to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasacommitment but
not accrued as expenditure.

`Taxation`

The charity is exempt from corporation tax on its charitable activities.

`Fund accounting`

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

`2. DONATIONS AND LEGACIES`

`DONATIONS AND LEGACIES`
	`Period`
	`1.1.22`
	`to`	`Year Ended`
	`31.10.22`	`31.12.21`
	`£`	`£`
`Gifts`	`(1)`	`-`
`Donations`	`41,710`	`24,335`
`Gift aid`	`4,606`	`-`
	`46,315`	`24,335`
`OTHER TRADING ACTIVITIES`
	`Period`
	`1.1.22`
	`to`	`Year Ended`
	`31.10.22`	`31.12.21`
	`£`	`£`
`Profit/(Loss) on Foreign Exch`	`221`	`-`

`3. OTHER TRADING ACTIVITIES`

continued...

Page 7

THE INTERNATIONAL GOLF CHARITY

`NOTES TO THE FINANCIAL STATEMENTS - continued`

for the Period 1 January 2022 to 31 October 2022

`4. INVESTMENT INCOME`

`INVESTMENT INCOME`
	`Period`
	`1.1.22`
	`to`	`Year Ended`
	`31.10.22`	`31.12.21`
	`£`	`£`
`Interest receivable - trading`	`-`	`2`

`5. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheperiodended31October2022norforthe year
ended 31 December 2021.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheperiodended31October2022norfortheyear ended
31 December 2021.

`6. FIXED ASSET INVESTMENTS`

`7.`

`8.`

`9.`

`FIXED ASSET INVESTMENTS`
			`Shares in`
			`group`
			`undertakings`
			`£`
`MARKET VALUE`
`At 1 January 2022 and 31 October 2022`			`1`
`NET BOOK VALUE`
`At 31 October 2022`			`1`
`At 31 December 2021`			`1`
`There were no investment assets outside the UK.`
`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
	`31.10.22`		`31.12.21`
	`£`		`£`
`Amounts owed by group undertakings`	`58,466`		`4,961`
`Other debtors`		`-`	`3,287`
	`58,466`		`8,248`
`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
	`31.10.22`		`31.12.21`
	`£`		`£`
`Accrued expenses`	`1,621`		`1,621`
`ACCRUALS AND DEFERRED INCOME`
	`31.10.22`		`31.12.21`
	`£`		`£`
`Accruals and deferred income`	`51,110`		`-`

continued...

Page 8

THE INTERNATIONAL GOLF CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 January 2022 to 31 October 2022

`10. RELATED PARTY DISCLOSURES`

There were no related party transactions for the period ended 31 October 2022.

Page 9

THE INTERNATIONAL GOLF CHARITY

`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`

for the Period 1 January 2022 to 31 October 2022

`DETAILED STATEMENT OF FINANCIAL ACTIVITIES` `for the Period 1 January 2022 to 31 October 2022`
	`Period`
	`1.1.22`
	`to`		`Year En`	`ded`
	`31.10.22`	`31.12.21`
	`£`	`£`
`INCOME AND ENDOWMENTS`
`Donations and legacies`
`Gifts`	`(1)`		`-`
`Donations`	`41,710`	`24,335`
`Gift aid`	`4,606`		`-`
	`46,315`	`24,335`
`Other trading activities`
`Profit/(Loss) on Foreign Exch`	`221`		`-`
`Investment income`
`Interest receivable - trading`	`-`		`2`
`Total incoming resources`	`46,536`	`24,337`
`EXPENDITURE`
`Raising donations and legacies`
`Fund raising costs`	`2,922`		`-`
`Charitable activities`
`Grants to institutions`	`31,710`	`32,343`
`Support costs`
`Management`
`Sundries`	`13`		`-`
`Governance costs`
`Accountancy and legal fees`	`1,560`	`1,560`
`Total resources expended`	`36,205`	`33,903`
`Net income/(expenditure)`	`10,331`	`(9,566)`

This page does not form part of the statutory financial statements

Page 10