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 2025
FOR
THE INTERNATIONAL GOLF CHARITY
Kingfisher Business Advisors Ltd
Chartered Accountants
126
Liberty Lane
Addlestone
Surrey
KT15 1NL
THE INTERNATIONAL GOLF CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 October 2025
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Report of the Trustees |
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3 |
Independent Examiner's Report |
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4 |
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Statement of Financial Activities |
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5 |
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Balance Sheet |
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6 |
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Notes to the Financial Statements |
7 |
to |
10 |
Detailed Statement of Financial Activities |
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11 |
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THE INTERNATIONAL GOLF CHARITY
REPORT OF THE TRUSTEES for the Year Ended 31 October 2025
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwith the
financialstatementsofthecharityfortheyearended31October2025.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
TheDukeofEdinburghCupwasestablishedin2000withtheaimofraisingmoneytosupportcharitiesthatprovided direct
support to young people in need both in the UK and around the world with a focus on health, education, and welfare.
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'spolicyistoachieveitsobjectives,throughthepromotionoffundraisinggolfingeventsworldwide.In these
eventsamateurgolferstakepartinlocalheatsoftheDukeofEdinburghCup,inwhichwinnersineachregional tournament
receivetrophiesprovidedbytheInternationalGolfCharity(IGC).IGCseekslocalpartnersandsponsorsforregional events
whomustorganiseandcoverthecostsoftheevent,includingthecostofwinnerstoattendtheWorldFinals(seebelow) .
Giventhattheorganisationandaccountingforeachregionaleventiscarriedoutbythelocalpartner,andnotthrough IGC
books, the attached accounts do not include the detailed results of regional events (in accordance with the Charities SORP).
Thesurplusfromeacheventisusedtofunddonationstolocalcharities,approvedbyandinaccordancewiththeaims and
objects of Duke of Edinburgh Cup/IGC.
Winnersandrunners-upofeachregionaleventqualifytocompeteintheannualWorldFinalsoftheDukeofEdinburgh Cup,
heldintheUKandorganisedbyIGC.AsdescribedabovethelocalpartnersmakedonationstoIGCtocoverthecostsof the
WorldFinals,andfundfurthercharitabledonationsfromsurplusesarising.Necessaryexpensesforattendeesare provided
bytheCharitywithintherulesofAmateurGolfaslaiddownbyTheRoyalandAncientandtheUnitedStates Golf
Association.
ThetrusteeshavehadregardtotheCharityCommission'sguidanceonpublicbenefitinmanagingtheactivitiesof the
charity.
Grantmaking
TheCharitygivestheTrusteesabsolutediscretionoverthedistributionofsurplusfundsheldintheUnrestrictedReserves.. It
is the policy of the trustees to distribute all available surplus funds, subject to maintaining a small working capital reserve.
Asallmoniesdonatedtothecharityaretoberedistributedingrants,thecharitydoesnotretainfundsforinvestment. 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 2025
OBJECTIVES AND ACTIVITIES
The main achievements and performance of the charity during the year
Buildingonthesuccessofthe2024WorldFinals,the2025WorldFinalswerecontestedbycompetitorsfrom14 qualifying
events.GlobaleventsleadingtotheWorldFinals,organisedbylocalcharities,undertheauspicesoftheDukeof Edinburgh
Cup, raised a total of £ 329,000. Monies raised since the Charity’s inception in 2001 now stands at over £ 6,320,000.
Fundsraisedoverseasaredisbursedinthecountryoftheeventtocharitiesthathavebeenpre-approvedbythe Chairman
of Trustees after scrutiny and due diligence checks.
Charitiessupportedin2025includeTheDukeofEdinburghInternationalAward,thePresident’sAward,the Barbados
Community Fund, the Nautilus Project, Blessings in a Backpack, and SUPability Gibraltar.
TheappointmentofJustinRosein2023asTheDukeofEdinburghCup’sgolfingAmbassadorhasenhancedawareness and
charitableimpactoftheDukeofEdinburghCup.TrusteesremaincommittedtolookingtogrowtheCharityasbestthey can.
Theseeffortsarebearingfruitandasaresult,therewillbearecordnineteeneventsin2026includinginauguralevents in
New Zealand, Australia, Singapore, Indonesia and Malaysia.
HRHTheDukeofEdinburghkindlyattendedtheDukeofEdinburghCupWordFinalprizegivingGalaDinnerat Windsor
Castle.TrusteesaregratefultoHMTheKing,forallowingthecharitytousetheRoyalHouseholdGolfClubcourseas part
of the World Final event.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
As a result of the charity's activities during 2025 the International Golf Charity (IGC) in cooperation with local charities
has generated over £329,000 for charitable organisations supporting young people around the world.
InaccordancewiththeSORP,theamountsraisedbyregionalevents,donateddirectlytolocalcharitiesandnotremitted to
IGC, are not reported in these accounts.
FINANCIAL REVIEW
Financial position
ThefinancialpositionoftheUKcharityalone,asat31stOctober2025,togetherwithcomparatives,arefullydetailedin the
attached accounts.
Insummary,theInternationalGolfCharityreceivedgrossreceiptsamountingto£278,814intheyearandonce events,
WorldFinalcostsandoverheadshadbeendeducted,itmadepaymentstocharitablecausesof£48,431,leavinga surplus
for the year of £16,202.
The Charity's reserves at the year end were £50,149 (2024- £33,947).
Reserves policy
Furthertothesurplusgeneratedin2025andprospectsfor2026,theTrusteesaresatisfiedthattheassetsofthe Charity
remain sufficient to meet its obligations for 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.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)
Registered Charity number
1085994
Page 2
THE INTERNATIONAL GOLF CHARITY
REPORT OF THE TRUSTEES
for the Year Ended 31 October 2025
Registered office
126 Liberty Lane
Addlestone
Surrey
KT15 1NL
Trustees
Mr N J Pyle OBE (Chairman)
Mrs E Andersen
Mr J M Benfold
Mr F N Bickmore
Mr T Cruse
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
126
Liberty Lane
Addlestone
Surrey
KT15 1NL
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompaniesAct2006relating to
small companies.
Approved by order of the board of trustees on 23 June 2026 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 2025.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsiblefor 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
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody.Icanconfirm that
IamqualifiedtoundertaketheexaminationbecauseIamamemberoftheInstituteofCharteredAccountantsin England
and Wales, which is one of the listed bodies.
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)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattentionshould 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
126
Liberty Lane
Addlestone
Surrey
KT15 1NL
23 June 2026
Page 4
THE INTERNATIONAL GOLF CHARITY
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 October 2025
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
229,910
Investment income
2
2,304
Total
232,214
EXPENDITURE ON
Raising funds
192,470
Charitable activities
Duke of Edinburgh International Award Scheme
-
Gibraltar charity
-
The Golf Foundation
-
Terence Regan Charity
-
KD Mowbray Golf Foundation
-
Duke of Edinburgh - Turkey
-
Sherrif and Recorders Funds
-
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
-
Clubhouse Gibraltar
-
President's Award for Youth Empowerment
16,740
Other
1,084
Total
210,294
NET INCOME/(EXPENDITURE)
21,920
Transfers between funds
7
210
Net movement in funds
22,130
RECONCILIATION OF FUNDS
Total funds brought forward
5,973
TOTAL FUNDS CARRIED FORWARD
28,103 |
Restricted
fund
£
46,141
460
46,601
20,858
-
2,655
-
-
-
-
-
-
6,500
-
5,000
15,036
-
-
-
-
2,500
-
(230)
52,319
(5,718)
(210)
(5,928)
27,974
22,046 |
31.10.25
31.10.24
Total
Total
funds
funds
£
£
276,051
336,672
2,764
763
278,815
337,435
213,328
237,906
-
1,000
2,655
-
-
10,000
-
1,000
-
1,500
-
14,968
-
14,234
-
3,412
6,500
6,000
-
4,000
5,000
12,000
15,036
11,475
-
1,184
-
100
-
292
-
19,311
2,500
-
16,740
-
854
7,404
262,613
345,786
16,202
(8,351)
-
-
16,202
(8,351)
33,947
42,298
50,149
33,947 |
|
|
|
The notes form part of these financial statements
Page 5
THE INTERNATIONAL GOLF CHARITY
BALANCE SHEET
31 October 2025
Unrestricted
fund
Notes
£
CURRENT ASSETS
Debtors
4
58,619
Prepayments and accrued income
530
Cash at bank
208,492
267,641
CREDITORS
Amounts falling due within one year
5
(56,398)
NET CURRENT ASSETS
211,243
TOTAL ASSETS LESS CURRENT LIABILITIES
211,243
ACCRUALS AND DEFERRED INCOME
6
(183,140)
NET ASSETS
28,103
FUNDS
7
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Restricted
fund
£
-
-
31,350
31,350
(3,204)
28,146
28,146
(6,100)
22,046 |
31.10.25
Total
funds
£
58,619
530
239,842
298,991
(59,602)
239,389
239,389
(189,240)
50,149
28,103
22,046
50,149 |
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 |
|
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 31 October 2025.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 October 2025 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.
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitablecompanies subject
to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon23June2026andwere 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 2025
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'andtheCompanies Act
2006.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.Expenditureisaccountedforonanaccrualsbasisandhasbeen classified
underheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributed 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. INVESTMENT INCOME
INVESTMENT INCOME |
|
|
|
31.10.25 |
31.10.24 |
|
£ |
£ |
Interest receivable - trading |
2,764 |
763 |
3. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31October2025norfortheyear ended
31 October 2024.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31October2025norfortheyear ended
31 October 2024.
continued...
Page 7
THE INTERNATIONAL GOLF CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 October 2025
4.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
5.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
6.
ACCRUALS AND DEFERRED INCOME
Accruals and deferred income
7.
MOVEMENT IN FUNDS
Net
At
movement
1.11.24
in funds
£
£
Unrestricted funds
General fund
5,973
21,920
Restricted funds
Restricted fund - Gibraltar
27,974
(5,718)
TOTAL FUNDS
33,947
16,202
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
232,214
Restricted funds
Restricted fund - Gibraltar
46,601
TOTAL FUNDS
278,815 |
31.10.25
31.10.24
£
£
58,619
28,760
-
3,204
58,619
31,964
31.10.25
31.10.24
£
£
22,964
22,965
36,638
3,204
59,602
26,169
31.10.25
31.10.24
£
£
189,240
210,810
Transfers
between
At
funds
31.10.25
£
£
210
28,103
(210)
22,046
-
50,149
Resources
Movement
expended
in funds
£
£
(210,294)
21,920
(52,319)
(5,718)
(262,613)
16,202 |
|
|
continued...
Page 8
THE INTERNATIONAL GOLF CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2025
7. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
At
movement
1.11.23
in funds
£
£
Unrestricted funds
General fund
42,298
(6,379)
Restricted funds
Restricted fund - Gibraltar
-
(1,972)
TOTAL FUNDS
42,298
(8,351)
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
281,265
Restricted funds
Restricted fund - Gibraltar
56,170
TOTAL FUNDS
337,435 |
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) |
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) |
|
|
(8,351) |
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
1.11.23
in funds
funds
31.10.25
£
£
£
£
42,298
15,541
(29,736)
28,103
-
(7,690)
29,736
22,046
42,298
7,851
-
50,149 |
Net
Transfers
At
movement
between
At
1.11.23
in funds
funds
31.10.25
£
£
£
£
42,298
15,541
(29,736)
28,103
-
(7,690)
29,736
22,046
42,298
7,851
-
50,149 |
|
|
50,149 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheaboveare as
follows:
Unrestricted funds
General fund
Restricted funds
Restricted fund - Gibraltar
TOTAL FUNDS |
Incoming
resources
£
513,479
102,771
616,250 |
Resources
Movement
expended
in funds
£
£
(497,938)
15,541
(110,461)
(7,690)
(608,399)
7,851 |
Resources
Movement
expended
in funds
£
£
(497,938)
15,541
(110,461)
(7,690)
(608,399)
7,851 |
|
|
|
7,851 |
continued...
Page 9
THE INTERNATIONAL GOLF CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2025
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2025.
Page 10
THE INTERNATIONAL GOLF CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 October 2025
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 October 2025 |
|
|
|
31.10.25 |
31.10.24 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and legacies |
|
|
Gifts |
2 |
- |
Donations |
276,049 |
336,672 |
|
276,051 |
336,672 |
Investment income |
|
|
Interest receivable - trading |
2,764 |
763 |
Total incoming resources |
278,815 |
337,435 |
EXPENDITURE |
|
|
Raising donations and legacies |
|
|
Fund raising costs |
175,906 |
202,642 |
Charitable activities |
|
|
Grants to institutions |
48,431 |
100,475 |
Other |
|
|
Exchange rate gain / loss |
854 |
3,505 |
Bad debts |
- |
3,899 |
|
854 |
7,404 |
Support costs |
|
|
Management |
|
|
Sundries |
160 |
2,018 |
Travel |
4,174 |
2,745 |
Motor expenses |
1,703 |
1,456 |
IT costs |
4,462 |
3,297 |
Postage and stationery |
472 |
1,213 |
Consultancy |
18,000 |
18,000 |
Telephone |
404 |
275 |
Marketing and development |
5,428 |
3,556 |
Insurance |
541 |
521 |
|
35,344 |
33,081 |
Governance costs |
|
|
Accountancy and legal fees |
2,078 |
2,184 |
Total resources expended |
262,613 |
345,786 |
Net income/(expenditure) |
16,202 |
(8,351) |
This page does not form part of the statutory financial statements
Page 11