```
REGISTERED COMPANY NUMBER: 04134006 (England and Wales)
REGISTERED CHARITY NUMBER: 1085994
```
## **`REPORT OF THE TRUSTEES AND`**
```
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
```
```
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 Year Ended 31 October 2024`**
|||**`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`|`10`|
|**`Detailed Statement of Financial Activities`**||`11`||
```
THE INTERNATIONAL GOLF CHARITY
```
## **`REPORT OF THE TRUSTEES`**
## **`for the Year Ended 31 October 2024`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreport with
thefinancialstatementsofthecharityfortheyearended31October2024.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(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,inorder to
improvetheirconditionsoflife,mentalorphysicalhealth,activityanddevelopment,byinvolvementinextramural studies
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'spolicyistoachieveitsobjectives,throughthepromotionoffundraisinggolfingeventsworldwide.In these
eventsamateurgolferstakepartinlocalheatsoftheDukeofEdinburghCup,inwhichwinnersineach regional
tournamentreceivetrophiesprovidedbytheInternationalGolfCharity(IGC).IGCseekslocalpartnersandsponsors for
regionaleventswhomustorganiseandcoverthecostsoftheevent,includingthecostofwinnerstoattendthe World
Finals(seebelow).Giventhattheorganisationandaccountingforeachregionaleventiscarriedoutbythelocal partner,
andnotthroughIGCbooks,theattachedaccountsdonotincludethedetailedresultsofregionalevents(in accordance
with the Charities SORP)
```
```
Thesurplusfromeacheventisusedtofunddonationstolocalcharities,approvedbyandinaccordancewiththe aims
and objects of Duke of Edinburgh Cup/IGC.
```
```
Winnersandrunners-upofeachregionaleventqualifytocompeteintheannualWorldFinalsoftheDukeof Edinburgh
Cup,heldintheUKandorganisedbyIGC.AsdescribedabovethelocalpartnersmakedonationstoIGCtocover the
costsoftheWorldFinals,andfundfurthercharitabledonationsfromsurplusesarising.Necessaryexpensesfor attendees
areprovidedbytheCharitywithintherulesofAmateurGolfaslaiddownbyTheRoyalandAncientandtheUnited States
Golf Association.
```
```
ThetrusteeshavehadregardtotheCharityCommission'sguidanceonpublicbenefitinmanagingtheactivitiesof the
charity.
```
## **`Grantmaking`**
```
TheCharitygivestheTrusteesabsolutediscretionoverthedistributionofsurplusfunds.Itisthepolicyofthetrustees to
distribute all available surplus funds, subject to maintaining a small working capital reserve.
```
```
Asallmoniesdonatedtothecharityaretoberedistributedingrants,thecharitydoesnotretainfundsfor investment.
Any temporarily held funds are placed on deposit to achieve the best interest rate possible.
```
```
Page 1
```
```
THE INTERNATIONAL GOLF CHARITY
```
## **`REPORT OF THE TRUSTEES`**
## **`for the Year Ended 31 October 2024`**
## **`OBJECTIVES AND ACTIVITIES`**
## **`The main achievements and performance of the charity during the year`**
```
The2024WorldFinalswerecontestedbycompetitorsdrawnfrom15events.GlobaleventsleadingtotheWorld Finals,
organisedbylocalcharities,undertheauspicesoftheDukeofEdinburghCup,raisedatotalof£681,000.Monies raised
sincetheCharity’sinceptionin2001nowstandsatover£6million.ThebackgroundandethosoftheDukeof Edinburgh
CupandtheInternationalGolfCharity,continuetobethatmoniesraisedaredistributedtochildrenandyouth Charities
around the work following careful scrutiny and pre-approval by Trustees.
```
```
Charitiessupportedin2024includeTheDukeofEdinburghInternationalAward,theBarbadosCommunityFund,The City
of London Sheriff and Recorder’s Fund, The Disabled Sports Hub and SUPability Gibraltar.
```
```
TrusteesremaincommittedtolookingtogrowtheCharityasbesttheycan.Theseeffortsarebearingfruitandas a
result, 2025 is looking very good with more new events confirmed.
```
```
HRH The Duke of Edinburgh kindly attended the prize giving Gala Dinner at Windsor Castle.
```
```
TheTrusteesaregratefultoHMTheKing,forallowingthecharitytousetheRoyalHouseholdGolfClubcourseaspart of
the World Final event.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities`**
```
As a result of the charity's activities during 2024 the International Golf Charity (IGC) in cooperation with local charities
has generated over £354,000 for charitable organisations supporting young people around the world.
```
```
InaccordancewiththeSORP,theamountsraisedbyregionalevents,donateddirectlytolocalcharitiesandnot remitted
to IGC, are not reported in these accounts.
```
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
ThefinancialpositionoftheUKcharityalone,asat31stOctober2024,togetherwithcomparatives,arefullydetailed in
the attached accounts.
```
```
Insummary,thecharityreceiveddonationsamountingto£337,435intheyearandmadepaymentsto charitable
causesamountingto£100,475,leavingadeficitfortheperiodof£8,351.TheCharity'sreservesattheyearend were
£33,947 (2023- £42,298).
```
## **`Reserves policy`**
```
TheTrusteesgavedueconsiderationtothereductioninreserves,incurredduringtheyearandwereconfidentthat the
reserves position should not reduce further in 2025 and beyond.
```
```
InconclusiontheTrusteesaresatisfiedthattheassetsoftheCharityaresufficienttomeetitsobligationsfor both
Unrestricted and Restricted 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.Thoseproposedarevettedbya working
groupofthechairmanandoneortwoothertrustees,beforearecommendationismadethefullboard.Most candidates
arewellknowninthegolf,charity,orbusinessworld.Trusteesservefora5yearterm,renewableatthediscretion of
the 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)
```
## **`Registered Charity number`**
```
1085994
```
```
Page 2
```
```
THE INTERNATIONAL GOLF CHARITY
```
## **`REPORT OF THE TRUSTEES`**
## **`for the Year Ended 31 October 2024`**
## **`Registered office`**
```
2 High St
Chobham
Surrey
```
## **`Trustees`**
```
Mr N J Pyle OBE (Chairman)
Mrs E Anderson
Mr J M Benfold
Mr F N Bickmore
Mr T Cruse (appointed 29.11.2023)
Sir D Hempleman-Adams KCVO
Brigadier A Potts
Mrs K Rose
Brigadier J E B Smedley CVO
Commodore M J D Walliker CBE
```
## **`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 23 July 2025 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')`**
```
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2024.
```
## **`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').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006 Act
andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccountsas carried
outunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed the
Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody.Ican confirm
thatIamqualifiedtoundertaketheexaminationbecauseIamamemberoftheInstituteofCharteredAccountants in
England and Wales, which is one of the listed bodies.
```
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
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
```
```
23 July 2025
```
```
Page 4
```
```
THE INTERNATIONAL GOLF CHARITY
```
## **`STATEMENT OF FINANCIAL ACTIVITIES`**
## **`for the Year Ended 31 October 2024`**
|`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`280,761`
`Other trading activities`
`2`
`-`
`Investment income`
`3`
`504`
**`Total`**
`281,265`
**`EXPENDITURE ON`**
`Raising funds`
`4`
`218,227`
**`Charitable activities`**
`Duke of Edinburgh International Award Scheme`
`1,000`
`The Golf Foundation`
`10,000`
`Anguilla Charity`
`-`
`IN2 Adventures Ltd`
`-`
`Possabilities`
`-`
`Friends of Calpe House`
`-`
`Terence Regan Charity`
`1,000`
`KD Mowbray Golf Foundation`
`1,500`
`Duke of Edinburgh - Turkey`
`14,968`
`Sherrif and Recorders Funds`
`14,234`
`ETAC Ltd Larna Sharna`
`-`
`Rotary Club of Gibraltar`
`-`
`Gibraltar Sea Scouts`
`-`
`The Nautilus Project`
`-`
`Supability Ltd`
`-`
`J Rix SMS`
`-`
`GBC Open Day`
`-`
`Troon Charity`
`-`
`Disabled Sports Hub`
`19,311`
`Other`
`7,404`
**`Total`**
`287,644`
**`NET INCOME/(EXPENDITURE)`**
`(6,379)`
**`Transfers between funds`**
`10`
`(29,946)`
**`Net movement in funds`**
`(36,325)`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`42,298`
**`TOTAL FUNDS CARRIED FORWARD`**
`5,973`|`Restricted`
`fund`
`£`
`55,911`
`-`
`259`
`56,170`
`19,679`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`3,412`
`6,000`
`4,000`
`12,000`
`11,475`
`1,184`
`100`
`292`
`-`
`-`
`58,142`
`(1,972)`
`29,946`
`27,974`
`-`
`27,974`|`31.10.24`
`31.10.23`
`Total`
`Total`
`funds`
`funds`
`£`
`£`
`336,672`
`368,144`
`-`
`263`
`763`
`115`
`337,435`
`368,522`
`237,906`
`163,493`
`1,000`
`10,000`
`10,000`
`-`
`-`
`155,916`
`-`
`1,438`
`-`
`10,000`
`-`
`5,000`
`1,000`
`1,000`
`1,500`
`-`
`14,968`
`-`
`14,234`
`-`
`3,412`
`-`
`6,000`
`-`
`4,000`
`-`
`12,000`
`-`
`11,475`
`-`
`1,184`
`-`
`100`
`-`
`292`
`-`
`19,311`
`-`
`7,404`
`-`
`345,786`
`346,847`
`(8,351)`
`21,675`
`-`
`-`
`(8,351)`
`21,675`
`42,298`
`20,623`
`33,947`
`42,298`|`31.10.24`
`31.10.23`
`Total`
`Total`
`funds`
`funds`
`£`
`£`
`336,672`
`368,144`
`-`
`263`
`763`
`115`
`337,435`
`368,522`
`237,906`
`163,493`
`1,000`
`10,000`
`10,000`
`-`
`-`
`155,916`
`-`
`1,438`
`-`
`10,000`
`-`
`5,000`
`1,000`
`1,000`
`1,500`
`-`
`14,968`
`-`
`14,234`
`-`
`3,412`
`-`
`6,000`
`-`
`4,000`
`-`
`12,000`
`-`
`11,475`
`-`
`1,184`
`-`
`100`
`-`
`292`
`-`
`19,311`
`-`
`7,404`
`-`
`345,786`
`346,847`
`(8,351)`
`21,675`
`-`
`-`
`(8,351)`
`21,675`
`42,298`
`20,623`
`33,947`
`42,298`|
|---|---|---|---|
||||`368,522`|
||||`163,493`
`10,000`
`-`
`155,916`
`1,438`
`10,000`
`5,000`
`1,000`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`|
||||`346,847`|
||||`21,675`
`-`|
||||`21,675`
`20,623`|
||||`42,298`|
```
The notes form part of these financial statements
```
```
Page 5
```
```
THE INTERNATIONAL GOLF CHARITY
```
## **`BALANCE SHEET`**
## **`31 October 2024`**
|`Unrestricted`
`fund`
`Notes`
`£`
**`FIXED ASSETS`**
`Investments`
`6`
`-`
**`CURRENT ASSETS`**
`Debtors`
`7`
`31,964`
`Cash at bank`
`207,783`
`239,747`
**`CREDITORS`**
`Amounts falling due within one year`
`8`
`(22,964)`
**`NET CURRENT ASSETS`**
`216,783`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`216,783`
**`ACCRUALS AND DEFERRED INCOME`**
`9`
`(210,810 )`
**`NET ASSETS/(LIABILITIES)`**
`5,973`
**`FUNDS`**
`10`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Restricted`
`fund`
`£`
`-`
`-`
`31,179`
`31,179`
`(3,205)`
`27,974`
`27,974`
`-`
`27,974`|`31.10.24`
`Total`
`funds`
`£`
`-`
`31,964`
`238,962`
`270,926`
`(26,169)`
`244,757`
`244,757`
`(210,810 )`
`33,947`
`5,973`
`27,974`
`33,947`|`31.10.23`
`Total`
`funds`
`£`
`1`
`47,677`
`222,258`
`269,935`
`(10,728)`
`259,207`
`259,208`
`(216,910 )`
`42,298`
`42,298`
`-`
`42,298`|
|---|---|---|---|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 31 October 2024.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 October 2024 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.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon23July2025and were
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 Year Ended 31 October 2024`**
## **`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`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
```
```
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasa commitment
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. OTHER TRADING ACTIVITIES`**
|**`OTHER TRADING ACTIVITIES`**|||
|---|---|---|
||`31.10.24`|`31.10.23`|
||`£`|`£`|
|`Profit/(Loss) on Foreign Exch`|`-`|`263`|
|**`INVESTMENT INCOME`**|||
||`31.10.24`|`31.10.23`|
||`£`|`£`|
|`Interest receivable - trading`|`763`|`115`|
## **`3. INVESTMENT INCOME`**
```
continued...
```
```
Page 7
```
```
THE INTERNATIONAL GOLF CHARITY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
## **`for the Year Ended 31 October 2024`**
## **`4. RAISING FUNDS`**
## **`Raising donations and legacies`**
|**`Raising donations and legacies`**|||
|---|---|---|
|`Fund raising costs`
`Support costs`|`31.10.24`
`£`
`202,642`
`-`
`202,642`|`31.10.23`
`£`
`151,810`
`6,000`|
|||`157,810`|
## **`5. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31October2024norforthe year
ended 31 October 2023.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31October2024norfortheyear ended
31 October 2023.
```
## **`6. FIXED ASSET INVESTMENTS`**
|**`FIXED ASSET INVESTMENTS`**||
|---|---|
||`Shares in`|
||`group`|
||`undertakings`|
||`£`|
|**`MARKET VALUE`**||
|`At 1 November 2023`|`1`|
|`Disposals`|`(1)`|
|`At 31 October 2024`|`-`|
|**`NET BOOK VALUE`**||
|`At 31 October 2024`|`-`|
|`At 31 October 2023`|`1`|
```
There were no investment assets outside the UK.
```
## **`7.`**
## **`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
||`31.10.24`|`31.10.23`|
|---|---|---|
||`£`|`£`|
|`Trade debtors`|`28,760`|`46,877`|
|`Other debtors`|`3,204`|`800`|
||`31,964`|`47,677`|
```
continued...
```
```
Page 8
```
```
THE INTERNATIONAL GOLF CHARITY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 October 2024`**
|**`8.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`Other creditors`
`Accrued expenses`
**`9.`**
**`ACCRUALS AND DEFERRED INCOME`**
`Accruals and deferred income`
**`10.`**
**`MOVEMENT IN FUNDS`**
`At`
`1.11.23`
`£`
**`Unrestricted funds`**
`General fund`
`42,298`
**`Restricted funds`**
`Restricted fund - Gibraltar`
`-`
**`TOTAL FUNDS`**
`42,298`
`Net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted fund - Gibraltar`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Net`
`movement`
`in funds`
`£`
`(6,379)`
`(1,972)`
`(8,351)`
`Incoming`
`resources`
`£`
`281,265`
`56,170`
`337,435`
`At`
`1.11.22`
`£`
`20,623`
`20,623`|`31.10.24`
`31.10.23`
`£`
`£`
`22,965`
`2,471`
`3,204`
`6,636`
`-`
`1,621`
`26,169`
`10,728`
`31.10.24`
`31.10.23`
`£`
`£`
`210,810`
`216,910`
`Transfers`
`between`
`At`
`funds`
`31.10.24`
`£`
`£`
`(29,946)`
`5,973`
`29,946`
`27,974`
`-`
`33,947`
`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(287,644 )`
`(6,379)`
`(58,142)`
`(1,972)`
`(345,786 )`
`(8,351)`
`Net`
`movement`
`At`
`in funds`
`31.10.23`
`£`
`£`
`21,675`
`42,298`
`21,675`
`42,298`|
|---|---|---|
||||
```
continued...
```
```
Page 9
```
```
THE INTERNATIONAL GOLF CHARITY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 October 2024`**
## **`10. MOVEMENT IN FUNDS - continued`**
```
Comparative net movement in funds, included in the above are as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`368,522`|`(346,847 )`|`21,675`|
|**`TOTAL FUNDS`**|`368,522`|`(346,847 )`|`21,675`|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted fund - Gibraltar`
**`TOTAL FUNDS`**|`Net`
`Transfers`
`At`
`movement`
`between`
`At`
`1.11.22`
`in funds`
`funds`
`31.10.24`
`£`
`£`
`£`
`£`
`20,623`
`15,296`
`(29,946)`
`5,973`
`-`
`(1,972)`
`29,946`
`27,974`
`20,623`
`13,324`
`-`
`33,947`|`Net`
`Transfers`
`At`
`movement`
`between`
`At`
`1.11.22`
`in funds`
`funds`
`31.10.24`
`£`
`£`
`£`
`£`
`20,623`
`15,296`
`(29,946)`
`5,973`
`-`
`(1,972)`
`29,946`
`27,974`
`20,623`
`13,324`
`-`
`33,947`|
|---|---|---|
|||`33,947`|
```
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheabove are
as follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted fund - Gibraltar`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`649,787`
`56,170`
`705,957`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(634,491 )`
`15,296`
`(58,142)`
`(1,972)`
`(692,633 )`
`13,324`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(634,491 )`
`15,296`
`(58,142)`
`(1,972)`
`(692,633 )`
`13,324`|
|---|---|---|---|
||||`13,324`|
## **`11. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 October 2024.
```
```
Page 10
```
```
THE INTERNATIONAL GOLF CHARITY
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 October 2024`**
|**`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`**
**`for the Year Ended 31 October 2024`**|||
|---|---|---|
||`31.10.24`|`31.10.23`|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Gifts`|`-`|`1`|
|`Donations`|`336,672`|`368,143`|
||`336,672`|`368,144`|
|**`Other trading activities`**|||
|`Profit/(Loss) on Foreign Exch`|`-`|`263`|
|**`Investment income`**|||
|`Interest receivable - trading`|`763`|`115`|
|**`Total incoming resources`**|`337,435`|`368,522`|
|**`EXPENDITURE`**|||
|**`Raising donations and legacies`**|||
|`Fund raising costs`|`202,642`|`151,810`|
|**`Charitable activities`**|||
|`Grants to institutions`|`100,475`|`183,354`|
|**`Other`**|||
|`Exchange rate gain / loss`|`3,505`|`-`|
|`Bad debts`|`3,899`|`-`|
||`7,404`|`-`|
|**`Support costs`**|||
|**`Management`**|||
|`Sundries`|`2,018`|`136`|
|`Travel`|`2,745`|`2,004`|
|`Motor expenses`|`1,456`|`761`|
|`IT costs`|`3,297`|`827`|
|`Postage and stationery`|`1,213`|`322`|
|`Consultancy`|`18,000`|`6,000`|
|`Telephone`|`275`|`73`|
|`Accountancy`|`-`|`1,560`|
|`Marketing and development`|`3,556`|`-`|
|`Insurance`|`521`|`-`|
||`33,081`|`11,683`|
|**`Governance costs`**|||
|`Accountancy and legal fees`|`2,184`|`-`|
|`Total resources expended`|`345,786`|`346,847`|
|**`Net (expenditure)/income`**|`(8,351)`|`21,675`|
```
This page does not form part of the statutory financial statements
```
```
Page 11
```