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|||Page|
|---|---|---|
|Chairman's<br>Report|||
|Our Objectives and Activities|||
|Achievements<br>and Performance|||
|Financial<br>Review|||
|Structure,<br>Governance|and Management||
|Legal and Administrative|Details||
|Statement ofTrustees Responsibilities||10|
|Independent<br>Examiner's|Report||
|Statement of Financial|Activities|12|
|Balance Sheet||13|
|Cash Flow Statement||14|
|Notes to the Cash Flow|Statement|15|
|Notes to the Financial Statements||16|
|Detailed Statement ofFinancial Activities||26|





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|diffe|r|ence<br>in generating<br>much needed revenue.|ence<br>in generating<br>much needed revenue.||||
|---|---|---|---|---|---|---|
|With||income from donations<br>and grants<br>playing||such an important<br>role we must give particular||thanks|
|to:|||||||
||~|The Armed Forces Covenant|Fund Trust||The Nimar Charitable<br>Trust||
||~|Duncan<br>and Conine Sinclair|||The Edith Murphy<br>Foundation||
||~|The Charles Skey Charitable|Trust||The Francis Winham<br>Foundation||
||~|David and Diane Rasche|||The Charities<br>Aid Foundation||
||~|The Alfred<br>Dunhifl<br>Links Foundation|||The Guyfl-Leng<br>Charitable<br>Trust||
||~|The Royal Air Force Benevolent<br>Fund|||The Alan Boswell Group Charitable|Trust|
||~|The Joseph and Lilian Sully|Foundation||The FBCoales No4 Family Trust||
||~|The Veterans<br>Foundation|||Garthgwynion<br>Charities||
||~|The National<br>Golf Club Challenge|||The Royal &Ancient Golf Club||





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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||Unrestricted|Total|
||||||fund|funds|
|||||Notes|5||
|INCOME AND ENDOWMENTS<br>Donations<br>and legacies|||FROM||424,930|676,319|
|Investment<br>income<br>Other income|||||490|1,417<br>70,452|
|Total|||||425,420|748,188|
|EXPENDITURE ON|||||||
|Raising funds|||||6,972|13,905|
|Charitable<br>activities|||||||
|Golf skills and employment||training|||312,082|667,681|
|Other|||||151,121||
|Total|||||470,175|681,586|
|NET INCOME/(EXPENDITURE)|||||(44,755)|66,602|
|RECONCILIATION|OF|FUNDS|||||
|Total funds brought|forward||||472,700|406,098|
|TOTAL FUNDS CARRIED FORWARD|||||427,945|472,700|





|||2021|2020|
|---|---|---|---|
|||Unrestricted|Total|
||Notes|fund<br>8|fundsf|
|CURRENT ASSETS||||
|Debtors||12,405|30,446|
|Cash at bank and in hand||~566969|555 383|
|||579474|585,829|
|CREDITORS||||
|Amounts<br>falling due within one year|16|(151,429)|(113,129)|
|NET CURRENT ASSETS||~427 945|~472 700|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||427,945|472,700|
|NET ASSETS||~427 945|472 700|
|FUNDS|18|||
|Unrestricted<br>funds||~427945|472,700|
|TOTAL FUNDS||~427 945|~472 700|





||||Notes|2021|2020f|
|---|---|---|---|---|---|
|Cash flows from operating<br>activities<br>Cash generated<br>from operations|||I|~II 096|123,443|
|Net cash provided<br>by operating<br>activities||||~II 096|123,443|
|Cash flows from investing<br>Interest received|activities|||490|1,417|
|Net cash provided<br>by investing<br>activities||||490|1,417|
|Change in cash and cash <br>the reporting<br>period|equivalents|in||11,586|124,860|
|Cash and cash equivalents<br>beginning<br>ofthe reporting|at the<br>period|||555,383|430,523|
|Cash and cash equivalents|at the end|of||||
|the reporting<br>period||||566,969|555,383|





|RECONCILIATION|RECONCILIATION|OF NET (EXPENDITURE)/INCOME|OF NET (EXPENDITURE)/INCOME|OF NET (EXPENDITURE)/INCOME|TO NET CASH|FLOW FROM||
|---|---|---|---|---|---|---|---|
|OPERATING ACTIVITIES||||||||
|||||||2021f|2020<br>f|
|Net (expenditure)/income|||for the reporting|period (as per the||||
|Statement ofFinancial||Activities)||||(44,755)|66.602|
|Adjustments<br>for:||||||||
|Interest received||||||(490)|(1,417)|
|Decreme in debtors||||||18,041|21,086|
|Increase in creditors||||||38300|37,172|
|Net cash provided|by|operations||||~II 096|123,443|
|ANALYSIS OFCHANGES IN NET FUNDS||||||||
||||||At 1.4.20|Cash flow|At 31.3.21|
||||||f|f|f|
|Net cash||||||||
|Cash at bank and in|hand||||555383|~II 586|566,969|
||||||~555 83|11,586|~566969|
|Total|||||~555 83|~ll 586|~566 969|



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|3.|DONATIONS<br>AND LEGACIES|DONATIONS<br>AND LEGACIES|DONATIONS<br>AND LEGACIES|DONATIONS<br>AND LEGACIES|||
|---|---|---|---|---|---|---|
||||||2021f|2020<br>f|
||Donations||||416,243|670,425|
||Gift aid||||~8687|5,894|
||||||~424 930|676,319|
|4.|INVESTMENT INCOME||||||
||||||2021|2020|
|||||||f|
||Deposit account interest||||490|1,417|
|5.|OTHER INCOME||||||
||||||2021|2020|
||||||f||
||Contribution|to salaries||||63,649|
||Merchandise|sales||||6,803|
|||||||70,452|
|6.|RAISING|FUNDS|||||
||Raising donatioas||and legacies||||
||||||2021|2020|
|||||||f|
||Fundraising|costs|||6,972|13,905|
|7.|CHARITABLE ACTIVITIES COSTS||||||
|||||||Direct|
|||||||Costs (see|
|||||||note 8)<br>f|
||Golfskills and employment|||training||298,882|





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|8|DIRECTCOSTSOF|CH|ARITABLE|ACTIVITIES||||
|---|---|---|---|---|---|---|---|
|.||||||2021f|2020|
||Delivery costs<br>Staging costs|||||255,623<br>~43 259|300,960<br>193,336|
|||||||298,882|494,296|
|9.|SUPPORT COSTS|||||||
|||||||Governance||
|||||Management|Finance<br>f|costs|Totals|
||Golf skills and employment||training|~160113|8|~4200|164321|
||Support costs, included|in|the above, are|as follows:||||
||Management|||||2021|2020|
|||||||Other||
|||||||resources|Total|
|||||||expended|activities<br>f|
||Salaries &management<br>Pensions<br>Other operating<br>leases<br>Rates and water<br>Insurance<br>Light and heat<br>Telephone<br>Postage and stationery<br>Advertising<br>Sundries|||||84,000<br>4,620<br>37,980<br>5,853<br>3,470<br>1,456<br>2,923<br>1,154<br>258<br>340|79,500<br>3,990<br>36,879<br>6&037<br>2,921<br>1,628<br>5,426<br>1,682<br>1,413<br>555|
||Car parking<br>Travelling<br>Subsistence|||||275<br>76|275<br>117<br>608|
||Clothing<br>Computer<br>costs &website<br>Bookkeeping<br>Cleaning<br>Office maintenance<br>Subscriptions<br>Training<br>Foreign exchange difference|||||3,945<br>5,045<br>5,899<br>2,200<br>125<br>494|10340<br>10,511<br>6,763<br>2,000<br>120<br>175<br>538<br>~2293)|
|||||||~160 113|~I69 185|





|9.|SUPPORT COSTS - continued|SUPPORT COSTS - continued|SUPPORT COSTS - continued|SUPPORT COSTS - continued|||||
|---|---|---|---|---|---|---|---|---|
||Finance||||||||
||||||||2021|2020|
||||||||Other||
||||||||resources|Total|
||||||||expended|activities|
|||||||||f|
||Bank charges||||||8||
||Governance|costs|||||||
||||||||2021|2020|
||||||||Other||
||||||||resources|Total|
||||||||expended<br>f|activities<br>E|
||Independent|examiner's||fee|||~4200|~4200|
|10.|NET INCOME/(EXPENDITURE)||||||||
||Net income/(expenditure)<br>is stated||||aAer charging/(crediting):||||
||||||||2021|2020|
||||||||8||
||Other operating||leases||||37,980|36,$79|
||Independent|examiner||- independent|examination||1,400|1,400|
||Independent|examiner||- preparation|offinancial|statements|~2800|~2800|



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|STAFF COSTS||||||
|---|---|---|---|---|---|
|||||2021|2020|
||||||f|
|Wages and salaries||||278,800|32l,449|
|Social security costs||||24,$23|23,011|
|Other pension costs||||4,620|3,990|
|||||~308243|348,450|
|The average<br>monthly|number ofemployees|during|the year was as follows:|||
|||||2021|2020|
|||||4|4|





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|COMPARATIVES F|OR|THE ST|ATEMENT OF FINANCIAL AC|TIVITIES|
|---|---|---|---|---|
|||||Unrestricted|
|||||fund|
|||||f.|
|INCOME AND ENDOWMENTS|||FROM||
|Donations<br>and legacies||||676,319|
|Investment<br>income||||1,417|
|Other income||||70,452|
|Total||||748,188|
|EXPENDITURE ON|||||
|Raising funds||||13,905|
|Charitable<br>activities|||||
|Golf skills and employment||training||667,681|
|Total||||681,586|
|NET INCOME||||66,602|
|RECONCILIATION|OF|FUNDS|||
|Total funds brought|forward|||406,098|
|TOTAL FUNDS CARRIED FORWARD||||~472 700|





|14.|TANGIBLE FIXEDASSETS|||
|---|---|---|---|
||||Office|
||||Equipment<br>f|
||COST|||
||At<br>l April 2020 and 31 March 2021||~42<br>54|
||DEPRECIATION|||
||At<br>I April 2020 and 3 I March 2021||42,854|
||NET BOOK VALUE|||
||At 31 March 2021|||
||At 31 March 2020|||
|15.|DEBTORS|||
|||2021|2020|
|||f||
||Amounts<br>falling due within one year:|||
||Trade debtors||1,544|
||Other debtors|427|5,658|
||Prepayments|~7978|19,244|
|||~8405|~26 446|
||Amounts<br>falling due after more than one year:|||
||Other debtors|~4000|4,000|
||Aggregate<br>amounts|12,405|30,446|
|16.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||
||Deferred Income|2021|2020|
|||f|f|
||Balance brought<br>forward|96,250||
||Amounts<br>released to incoming<br>resources|-96,250||
||Amounts<br>deferred<br>in the year|137,107|96,250|
||Balance carried forward|137,107|96,250|





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||Minimum|leas||payments<br>under|n|on-cancellable<br>operating<br>leases|fall due as follo|ws:||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
||Within one year|||||||37,980|~31 200|
|18.|MOVEMENT|||IN FUNDS||||||
|||||||||Net||
|||||||||movement|At|
||||||||At 1.4.20|in funds|31.3.21|
||||||||||f|
||Unrestricted||funds|||||||
||General|fund|||||472,700|(44,755)|427,945|
||TOTAL|FUNDS|||||472,700|~44,755)|~427 945|
||Net movement|||in funds, included||in the above are as follows:||||
||||||||Incoming|Resources|Movement|
||||||||resources<br>f|expended|in funds<br>f|
||Unrestricted|||funds||||||
||General|fund|||||425,420|(470,175)|(44,755)|
||TOTAL|FUNDS|||||425,420|470,17|~44,755)|
||Comparatives|||for movement|in|funds||||
|||||||||Net||
|||||||||movement|At|
||||||||At 1.4.19|in funds|31.3.20|
||||||||f||f.|
||Unrestricted|||funds||||||
||General|fund|||||406,098|66,602|472,700|
||TOTAL FUNDS||||||406,098|66,602|472,700|





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|Comparat|ive|net movement<br>in funds,<br>include|d<br>in the above are as follows:|||
|---|---|---|---|---|---|
||||incoming|Resources|Movement|
||||resources<br>f|expended<br>f|in funds<br>f|
|Unrestricted||funds||||
|General|fund||748,188|(681,586)|66,602|
|TOTAL|FUNDS||748,188|681,586|66,602|



|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1.4.19|in funds|31.3.21|
||||||f|
|Unrestricted||funds||||
|General|fund||406,098|21,847|427,945|
|TOTAL|FUNDS||406,098|21.847|~427 945|



|as follow|s:|||||
|---|---|---|---|---|---|
||||incoming|Resources|Movement|
||||resources|expended|in funds|
||||8|||
|Unrestricted||funds||||
|General|fund||1,173,608|(1,151,761)|21,847|
|TOTAL|FUNDS||1,173,608|(1,151,761)|21,847|





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|||2021|2020|
|---|---|---|---|
|||f|f|
|INCOME AND ENDOWMENTS||||
|Donations<br>and legacies||||
|Donations||416,243|670,425|
|Cdtt aid||8,687|5,894|
|||424,930|676,319|
|Investment<br>income||||
|Deposit account interest||490|1,417|
|Other income||||
|Contribution<br>to salaries|||63,649|
|Merchandise<br>sales|||6,803|
||||70,452|
|Total incoming resources||425,420|748,188|
|EXPENDITURE||||
|Raising donations|aad legacies|||
|Fundraising<br>costs||6,972|13,905|
|Charitable<br>activities||||
|Delivery costs||230,800|277,949|
|Social security||24,823|23,011|
|Staging costs||43,259|193,336|
|||298,882|494,296|
|Support costs||||
|Management||||
|Salaries & management||84,000|79,500|
|Pensions||4,620|3,990|
|01'fice rent||37,980|36,879|
|Rates and water||5,853|6,037|
|Insurance<br>Light and heat||3,470<br>!,456|2,921<br>1,628|
|Telephone||2,923|5,426|
|Postage and stationery||1,154|1,682|
|Advertising||258|1,413|
|Sundries||340|555|
|Car parking||275|275|
|Carried forward||142,329|140,306|





|||2021|2020|
|---|---|---|---|
|Management<br>Brought forward<br>Travelling<br>Subsistence||142,329<br>76|140,306<br>117<br>608|
|Clothing<br>Computer<br>costs &website<br>Bookkeeping<br>Cleaning<br>Office maintenance||3,945<br>5,045<br>5,899<br>2,200|10,340<br>10,511<br>6,763<br>2,000<br>120|
|Subscriptions<br>Training<br>Foreign exchange difference||125<br>494|175<br>538<br>~2,293)|
|||160,113|169,185|
|Finance||||
|Bank charges||||
|Governance<br>costs||||
|Independent<br>examiner's|fee|4,200|4,200|
|Total resources expended||~470 175|~681 586|
|Net (expenditure)/income||~44 755)|~66 602|