2020-12-31-accounts

Reference and Administrative	Reference and Administrative	Details
Trustees' Report			2to5
Independent Auditors'	Repott		6to9
Consolidated Statement ofFinancial Activities			10
Consolidated Balance	Sheet
Balance Sheet			12
Consolidated Statement	ofCash Flows		13
Statement ofCash Flows			14
Notes to the Financial	Statements		15to 38

			Reference and	Administrative	Administrative	Administrative	Details	Details
Secretary			PJTolhurst
Principal	Office		Marlborough	House
			Victoria Road South
			Chelm sford
			Essex
			CM1 1LN
			The charity is incorporated			in England		and Wales.
Company	Registration	Number	06291022
Charity Registration		Number	01120656
Solicitors			Marlborough	House Paitners LLP
			Marlborough	House
			Victoria Road South
			Chelm sford
			Essex
			CM1 ILN
Bankers			Lloyds Bank Pic
			77High Street
			Southend-on-Sea
			Essex
			Ssl 1HT
Auditor			Edmund Can	LLP
			Chartered Accountants		&	Statutory	Auditor
			146New London Road
			Chelm sford
			Essex
			CM2 OAW

			Unrestricted	Restricted	Total	Total
			funds	funds	2020	2019
		Note
Income and Endowments	from:
Donations and legacies			69,473		69,473
Other trading activities			1,260,747		1,260,747	28,979
Investment income			111,125		111,125	181,304
Total income			1,441,345		1,441,345	210,283
Expenditure on:
Raising funds			1,009,783		1,009,783	8,728
Charitable activities			221,594		221,594	172,688
Other expenditure			84,911		84,911
Total expenditure			1,316,288		1,316,288	181,416
Gains/losses on investment	assets					296,999
Net income			125,057		125,057	325,866
Net movement in funds			125,057		125,057	325,866
Reconciliation offunds
Total funds brought fonvard			4,212,919		4,212,919	3,887,053
Total funds carried fonvard		22	4,337,976		4,337,976	4,212,919

					2020	2019
				Note		f.
Fixed assets
Intangible assets				13	764,197
Tangible assets				14	1,127,374	763,440
Investments					3,620,000	3,950,000
					5,511,571	4,713,440
Current assets
Stocks				16	105,335
Debtors				17	94,997	44,411
Cash at bank	and in hand			18	273,955
					474,287	44,411
Creditors: Amounts Net current liabilities		falling due within	one year	19	(1,206,607) (732,3203	(104,400) ~59,989)
Total assets	less current liabilities				4,779,251	4,653,451
Creditors: Amounts		falling due after	more than one year	20	~(44(,275	~(440,532
Net assets					4337976	4212919
Funds ofthe	group:
Unrestricted	income	funds
Unrestricted	funds				4,337,976	4,212,919
Total funds					4,337,976	4,212,919

		Balance Sheet as at 31De	cember 2020
				2020	2019
			Note
Fixed assets
Tangible assets			14	733,289	763,440
Investments				5,035,000	3,950,000
				5,768,289	4,713,440
Current assets
Debtors			17	80,962	44,411
Cash at bank	and in hand		18	3,895
				84,857	44,411
Creditors: Amounts		falling due within one year	19	(880,544)	104,400
Net current	liabilities			(795,687)	(59,989
Total assets	less current liabilities			4,972,602	4,653,451
Creditors: Amounts		falling due after more than one year	20	(396,795)	(440,532)
Net assets				4,575,807	4,212,919
Funds ofthe	charity:
Unrestricted	income	funds
Unrestricted	funds			4,575,807	4,212,919
Totalfunds			22	4,575,807	4,212,919

Consolidated St	a	tement of	Cash Flows	for the	Year End	ed 31December	2020
						2020	2019
					Note
Cash flows from operating	activities
Net income						125,057	325,866
Adjustments to cash flows from non-cash			items
Depreciation					14	95,059	40,183
Amortisation					14	84,911
Investment income					5	(111,125)	(181,304)
Revaluation ofinvestments							(296,999)
						193,902	(112,254)
Working capital adjustments
Increase in stocks					16	(105,335)
(Increase)/decrease in debtors					17	(50,586)	17,374
Increase/(decrease) in creditors					19	275,068	(51,257)
Increase in deferred income					20	206,884
Net cash flows flom operating		activities				519,933	(146,137)
Cash flows from investing activities
Interest receivable and similar		income			5	111,125	181,304
Net ofpayment on acquisition		ofsubsidiaiy	less subsidiaiy	cash	13	(849,108)
Purchase oftangible fixed assets					14	(68,925)	(133,370)
Net cash flows from investing		activities				(806,908	47,934
Cash flows from financing activities
Value ofnew loans obtained during the period Repayment ofloans and borrowings					19,20 19,20	850,000 ~(242,074	500,000 (16,826)
Net cash flows from financing		activities				607,926	483,174
Net increase in cash and cash	equivalents					320,951	384,971
Cash and cash equivalents at	I	January				(46,996	(431,967)
Cash and cash equivalents at	31December					273,955	(46,996)

					2020	2019
				Note
Cash flows from operating activities
Net income					362,888	325,866
Adjustments to cash flows from non-cash			items
Depreciation					40,711	40,183
Investment income					(262,628)	(181,304)
Revaluation ofinvestments						(296,999)
					140,971	(112,254)
Working capital adjustments
(Increase)/decrease in debtors				17	(36,551)	17,374
Increase/(decrease) in creditors				19	221,477	(51,257)
Net cash flows from operating	activities				325,897	(146,137)
Cash flows from investing activities
Interest receivable and similar	income				262,628	181,304
Purchase oftangible fixed assets				14	(10,560)	(133,370)
Acquisition ofinvestments in	subsidiaiy	undeitakings			(1,085,000)
Net cash flows from investing	activities				(832,932)	47,934
Cash flows from financing activities
Value ofnew loans obtained	during the	period		19,20	800,000	500,000
Repayment ofloans and borrowings				19,20	(242,074)	(16,826)
Net cash flows from financing	activities				557,926	483,174
Net increase in cash and cash	equivalents				50,891	384,971
Cash and cash equivalents at	1 Januaiy				46,996)	(431,967)
Cash and cash equivalents at	31December			18	3,895	(46,996)

Asset class	Depreciation method	and rate
Freehold land &buildings	5%straight line
Leasehold land and buildings	Straight line over the life ofthe lease
Furniture and equipment	20%or 33.3%reducing	balance
Motor vehicles	20%reducing balance

					Unrestricted	Restricted	Total
					funds	funds	2020
	Government		giants - Furlough	income	69,473		69,473
					69,473		69,473
4	Income	from other trading		activities
							Total
					Unrestricted	Restricted	Total
					funds	funds	2020
Trading income;
	Golfcourse				843,895		843,895
	Shop sales				172,391		172,391
	Food and	catering sales			122,112		122,112
	Adventure	golf			110,198		110,198
	Other trading		income		12,151		12,151
					1,260,747		1,260,747
					Unrestricted	Restricted	Total
					funds	funds	2019
Adventure		golf			28,979		28,979
					28,979		28,979

			Unrestricted	Restricted	Total
			funds	funds	2020
Interest	receivable	and similar income	41		41
Income	from rents		111,084		111,084
			111,125		111,125
			Unrestricted	Restricted	Total
			funds	funds	2019
Interest	receivable	and similar income	294		294
Income	from rents		181,010		181,010
			181,304		181,304

a) Costs oft	radin	g activi	ties
					Unrestricted	Restricted	Total
					funds	funds	2020
				Note
Trading subsidiary		costs			550,655		550,655
Depreciation,	amortisation		and other similar costs		38,714		38,714
Staff Costs					399,227		399,227
					988,596		988,596

bl	Investment	Investment	Investment	management	management	management	costs
									Unrestricted	Restricted	Total
									funds	funds	2020
								Note
	Amounts		payable			to property	managers		21,187		21,187
									21,187		21,187
									Unrestricted	Restricted	Total
									funds	funds	2019
								Note
	Amounts		payable			to property	managers		8,728		8,728
									8,728		8,728
7	Expenditure				on charitable		activities
									Unrestricted	Restricted	Total
									funds	funds	2020
								Note
Grant funding				of	activities				95,300		95,300
Allocated		support			costs				70,583		70,583
Governance			costs						15,000		15,000
Depreciation			and		amortisation				40,711		40,711
									221,594		221,594
									Unrestricted	Restricted	Total
									funds	funds	2019
								Note
Grant funding				of	activities				69,205		69,205
Allocated		support			costs				58,600		58,600
Governance			costs						4,700		4,700
Depreciation				and	amo&tisation				40,183		40,183
									172,688		172,688

		Unrestricted	Restricted	Total
		funds	funds	2020
Repairs		387		387
Insurance		4,600		4,600
Professional	fees	23,981		23,981
Interest payable		41,571		41,571
Bank charges		21		21
Sundry expenses		23		23
		70,583		70,583
		Unrestricted	Restricted	Total
		funds	funds	2019
Repairs		1,005		1,005
Insurance		5,529		5,529
Professional	fees	12,448		12,448
Interest payable		21.,606		21,606
Bank charges		8,095		8,095
Sundiy expenses		9,917		9,917
		58,600		58,600

Governance c	osts
				Total	Total
				2020	2019
Audit fees
Audit ofthe	financial	statements		9,500
Other fees paid to auditors				5,500
Independent examiner		fees
Examination	ofthe financial		statements		2,700
Other fees paid to examiners					2,000
				15,000	4,700

Below	are details ofmaterial grants made to institutions by	the charity.
		2020	2019
Name	ofinstitution		f.
Essex	County Scout Council	90,000	60,000
Essex	Golf Union	4,000	3,500
Other	institutions	1,300	2,000
		95,300	65,500

Net incoming resources for		the year incl	ude:
				2020	2019
Operating leases - plant and		machineiy		39,142
Audit fees and independent		examination	fees	9,500	2,700
Other non-audit services				5,500	2,000
Depreciation offixed assets				38,714	40,183
Amoitisation ofintangible	assets			84,911

The aggregate payr	oll costs were as follows:
		2020	2019
			f.
Staff costs during	the year were:
Wages and salaries		361,490
Social security costs		32,528
Pension costs		5,209
		399,227

Group
	Goodwill	Total
	f.
Cost
Additions	849,108	849,108
At 31December 2020	849,108	849,108
Amortisation
Charge for the year	84,911	84,911
At 31December 2020	84,911	84,911
Net book value
At 31December 2020	764,197	764,197

Group
			Land and	Furniture and
			buildings	equipment	Motor vehicles	Total
					f.
Cost
At 1 Januaiy 2020			803,623			803,623
Additions on business	combinations		372,116	315,039	5,000	692,155
Additions			10,560	58,365		68,925
At 31December 2020			1,186,299	373,404	5,000	1,564,703
Depreciation
At 1 Januaiy 2020			40,183			40,183
Recognised on business		combinations	107,952	189,714	4,421	302,087
Charge for the year			51,523	43,416	120	95,059
At 31December 2020			199,658	233,130	4,541	437,329
Net book value
At 31December 2020			986,641	140,274	459	1,127,374
At 31December 2019			763,440			763,440

Charity
			Land	and
			buildings		Total
Cost
At 1 January 2020			803,623		803,623
Additions				10,560	10,560
At 31December 2020			814,183		814,183
Depreciation
At I January 2020				40,183	40,183
Charge for the year				40,711	40,711
At 31December 2020				80,894	80,894
Net book value
At 31December 2020			733,289		733,289
At 31December 2019			763,440		763,440
15 Fixed asset investments
Group
			2020		2019
Investment prope&ties			3,620,000		3,620,000
Shares in group undertakings	and participating	interests			330,000
			3,620,000		3,950,000

Investment properties
	Investment
	propertres
Cost or Valuation
At 1 January 2020	3,620,000
Provision
At 31December 2020
Net book value
At 31 December 2020	3,620,000
At 31December 2019	3,620,000

Charity
				2020	2019
Investment propeities				3,620,000	3,620,000
Shares in group undertakings	and pa&ticipating	interests		1,415,000	330,000
				5,035,000	3,950,000
Shares in group undertakings	and participating		interests
				Subsidiary
				undertakings	Total
Cost
At 1 January 2020				330,000	330,000
Additions				1,085,000	1,085,000
At 31December 2020				1,415,000	1,415,000
Net book value
At 31December 2020				1,415,000	1,415,000
At 31December 2019				330,000	330,000

are as follow	s:
		Country	of		Proportion	ofvoting rights	Principal
Undertaking		incorporation		Holding	and shares	held	activity
					2020	2019
Subsidiary	undertakings
Garon Park Limited	Golf Complex	England	and Wales	Ordinary	100'lo	33 33ol	Golf course complex

16 Stock
	Group			Charity
	2020	2019	2020f		2019
Stocks	105,335

17 Debtors
	Group		Charity
	2020	2019	2020	2019
Trade debtors		4,211		4,211
Due from group undeitakings		38,696	79,455	38,696
Prepayments	44,508
VAT recoverable	48,986
Other debtors	1,503	1,504	1,507	1,504
	94,997	44,411	80,962	44,411

			Group		Charity
			2020	2019	2020	2019
			f.
Cash at bank			273,955		3,895
Bank overdrafls				(46,996)		(46,996)
Cash and cash ofcash flows	equivalents	in statement	273,955	(46,996)	3,895	(46,996)
19 Creditors:	amounts	falling due within one year
			Group		Charity
			2020	2019	2020	2019
Bank overdrafts				46,996		46,996
Bank loans			49,825	42,642	44,305	42,642
Trade creditors			58,387	8,037	10,800	8,037
Other loans			600,000		600,000
Other taxation	and social	security	5,204
VAT			19,439	2,275	19,439	2,275
Other creditors			240,251		190,000
Pension scheme creditor			1,232
Accruals			25,385	4,450	16,000	4,450
Deferred income			206,884
			1,206,607	104,400	880,544	104,400

Credit	ors due within one year inclu	des the following liabilities on	which security h	as been given:
		Group		Charity
			2019	2020	2019
			f.
Bank	loans		42,643	44,304	42,643

Charity
Included	in the creditors are the following	amounts	due after more than five years:
				2020	2019
After more than five years by instalments				101,795	127,256

Total future minimum lease payments	under non-cancellable opera	ting leases ar	e as follows:
	Group			Charity
	2020	2019	2020		2019
Other
Within one year	23,608
Between one and five years	1,833
	25,441

22 Funds
Group						Balance at
		Balance at 1			Other	31
		January 2020	Incoming resources	Resources expended	recognised gains/(losses)	December 2020
Unrestricted	funds
Unrestricted	funds	4,212,919	1,441,345	~(1,316,288		4,337,976
						Balance at
		Balance at 1			Other	31
		January 2019	Incoming resources	Resources expended	recognised gains/(losses)	December 2019
Unrestricted	funds
Unrestricted	funds	3,887,053	210,283	~(181,416	296,999	4,212,919
Charity						Balance at
		Balance at 1			Other	31
		January 2020	Incoming resources	Resources expended	recognised gains/(losses)	December 2020
					f.
Unrestricted	funds
Unrestricted	funds	4,212,919	597,669	~234,781)		4,575,807
						Balance at
		Balance at 1			Other	31
		January 2019	Incoming resources	Resources expended	recognised gains/(losses)	December 2019
Unrestricted	funds
Unrestricted	funds	3,887,053	210,283	((81,4167	296,999	4,212,919

Group		Unrestricted	Restricted	Total
		funds	funds	2020
Intangible fixed assets		764,197		764,197
Tangible fixed	assets	1,127,374		1,127,374
Fixed asset investments		3,620,000		3,620,000
Current assets		474,287		474,287
Current liabilities		(1,206,607)		(1,206,607)
Creditors over	1year	(441,275		(441,275)
Total net assets		4,337,976		4,337,976
		Unrestricted	Restricted	Total
		funds	funds	2019
Tangible fixed	assets	763,440		763,440
Fixed asset investments		3,950,000		3,950,000
Current assets		44,411		44,411
Current liabilities		(104,400)		(104,400)
Creditors over	1 year	(440,532)		(440,532)
Total net assets		4,212,919		4,212,919

Charity
			Unrestricted	Restricted	Total
			funds	funds	2020
Tangible	fixed	assets	733,289		733,289
Fixed asset investments			5,035,000		5,035,000
Current	assets		84,857		84,857
Current	liabilities		(880,544)		(880,544)
Creditors	over	I year	(396,795)		(396,795)
Total net assets			4,575,807		4,575,807
			Unrestricted	Restricted	Total
			funds	funds	2019
Tangible	fixed	assets	763,440		763,440
Fixed asset investments			3,950,000		3,950,000
Current	assets		44,411		44,411
Current Creditors	liabilities over 1 year		(104,400) (440,532)		(104,400) ~(440,532
Total net assets			4,212,919		4,212,919

Group
					At 31
		At 1January	Financing cash	Acquisition of	December
		2020	flows	subsidiaries	2020
			f.
Cash at bank and	in hand		3,895	270,060	273,955
Bank overdraA		(46,996)	46,996
		(46,996)	50,891	270,060	273,955
Debt due within	one year	(42,642)	(601,663)		(644,305)
Debt due after more than one year		(440,532)	43,737	(44,480)	(441,275)
Net debt		530,170)	(507,035)	225,580	(811,625)

				At31
		At 1January	Financing cash	December
		2019	flows	2019
Bank overdraft		(431,967)	384,971	(46,996)
Debt due within one year Debt due after more than one year			(42,642) ~440, 532	(42,642) ~(440,532
Net debt		(431,967)	(98,203)	(530,170)