MOOR ALLERTON GOLF CLUB (LEEDS) Annual Report and Financial Statements For the year ended 31 March 2024 Charity Number 1165327 Company Number 09679570 Brown Butler Chartered Accountants Leeds IIIIRlliiii 'APINJ6YW* '2411212024 COMPANIES PIOUSE
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Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements Conlents Page Information Trustee5' Report Independent Auditor's Report 8-10 Statement of Financial Activities including an Income and Expenditure Account Balance Sheet 12 Statement of Cash Fbws 13 Notes to the Financial Statements 14-23
Moor Allerton Golf Club (Leeds) Annual Report and Financial Statemènts Information Charity Name Moor Allerton Golf Club (Leeds) Charity Number 1165327 Company Number 09679570 Registered office and Prncipal Place of Business The Chjb House Wike Leeds LS17 9NH Truslees lan Land Or Kathleen Morrison Aaron Selman David Share David Feldman Mark Manning Michael Woodhead Audil¢ys Brown BLrtler Chartered Accountants Leigh House 28-32 St Paul's Street Leeds LS12JT Bankers Handelsbanken p 3 Thomas More Square London E1W 1V¥V
Moor Allerton Golf Club (L•5) Annual Report and Financial Ststements Trustees, Report The trustees present their annual report. together with the audited financial statements of the charitable company for the year ended 31 March 2024. General The charitable company commenced its tharitable aclivibes as of 1 April 2016 after receNing various assets and liabilities gifted for no consideration from Moor Allerton Gow Club Limtted. Each company obtained separate legal adVe leading to a sale and purchase agreement and a 25 year peppercorn lease for the land and buildings from Moor Allerton GOM Club Limiled. The Iru5tees have a(Jopted the provisions of the Stalement of Recommended Praclice"Accounting and Reporting by Charities" published in October 2019 in preparing the trustees report and financial statements of the Charitale company. Tw$tees and Directors of the Charitable Company The trustees are direclors of the tharitable company for the purp)ses of company law and trustees for the purposes of charity k8W. The trustees have served during the year are as follows.. lan Land Dr Kathleen Morris Aaron Selman David Share David Feldman Mark Manning Simon Winlerburn (resigned 1 Juty 2024} Michael WcK)dhead As required one third of the trustees were required lo stand down at the AGM. Dav Feldman and Mark Manning resigned bul stood for reéleetion.. they were elected unopposed. Strudure. Governance and Management Type of governing dument. Memorandum and Articks of Assocration How the charitable fflPany is constituted: Company Limited by Guarantee and not having a share capital Trustees= Appnted by existing tnJstees and number al least 3 and no more than 12. One third of Tnjslees musl retire at each Annual General Meeting. those longest in office resign first. Council Members.. At least 5 and no more than 12, including the Chair. Treasurer, Secretary, President and Vice Presidents. Trustw Induction and Training New Iruslees are provided with a copy of the Memorandum and AJtides of Association. They meel with Ihe Chairman for an explanalion of operational procedures. and with the Finance Officer for an explanation of budgets and accounts. All Injslees must be playing members of Moor Allerton Golf Club (Leeds) and wl1 have a good understsnding of how the club operates. A comprehensive range of tradilK)nal business and legal skills are well represented on the board.
Moor Allerton Golf Club {L•eds) Annual Report and Financial Ststement$ Trustees. Report Operational Stru¢tur• The charitable company has an executive board known as the Council. The Council must comprise of al least 5 and no more than 12 council members. The Counul is responsible for strategic direction and policy and il also monitors and oversees the operational aclNities of the charitable company. Meetings are held monthly. Insurance In accordance wtth normal c(wnmercial practe, the charitable company has purthased insurance to protect the trustees and officers from claims arising from negligent acts. errors or omissions occurring whilst on charitsble company business. The insurance prOVe5 cover up of £1,000,IX)O on any daim. The cost of this insurance was £336.26. Obj•ctive$ and Adivitigs The object5 are SpfillY restricted to the followng. for the public benefit". the promotion of community PacIpatiOn in healthy recreation by the provision of facilities for playing golfor other amateur sports al the Moor Alerton Gow Club (Leeds) or such olher golf centre as the trustees shall determine., the provision of farylilies for recreation or other leisure tirne occupation for the benefft of the inhabitants of Leeds and the surrounding area in the interests of social weffare and with the object of improving the condition of the said inhabitsnls., provided in either case that persons of the Jewish faith cannot be excluded by reason of their faith or ethnicity from any such club or facilities., and such other exclusivdy charitable purposes in keeping with the Jewish faith as the trustees may from time to lime detemiine. Purpos• and Public B•nefft The purpose of the charitable company is lo operate Moor Allerton Goll Club {Leedsl for the benefit of the public. lo enable the put1¢ lo have access to the 27thole golf course and other facilities. The aim is lo promote golf as an amaleur Srt. including to encourage young players by helping them to discover golf as an affordable sport. The charitable company provides facilities and coaching is made available by it. The benefits afforded to the public are the promotion of healthy recreation and golf. The benefits of engang in sport which Prove$ fresh air and exeruse are well recognised. The course is located on the outskirts of the city of Leeds affording the Charitab company a large area of benefrt. It is unusual in having 27 holes and is one of the first in the UK lo be designed by the renowned American golf architect Robert Trent Jones. The design is 3 separate bops of nine holes. 811 starting and finishing at the clubhouse. making il ideal for golfers of all abilities. M¢)or Alerton GOW Club was originally estabh'shed by Moor Ajlerton Gom Club Limited to ensure that people of Ihe Jewish faith were able lo play golf. havin9 experienced exclusion from other members. golf clubs in the region. With the establishment of the charilable company the aim is to continue lo ensure that anyone who wants lo play golf can have access lo excellent facilities wilhoul discrimination on any grounds. irrespeclNe of their creed, faith or ethnicity. The charitable company aims to benefit all inhabitsnls of Leeds and the surrounding area. encouraging people lo play gotl and become members. Coaching programmes are made available to schools and yoirth organisalions. as well as the Club's members. throughout the year. Youn9 people are encouraged lo see gotf as a sport they can aceess and enjoy. The fee strudure for junior golfers under 18 has been set so that access to a lop quality goti course in North Leeds is affordab.
Moor Allerton Goll Club ILeeds) Annual Report and Financial Stalements Trustees, Report The aim of the charitable company is lo encotjrage wder access lo golf by all age groups and anyone can apply to play on the course or become a playing member of the Club. There is a Signifint cost to maintsining the facility. however the charging structure is varied and fiexible lo enable players lo have as much access lo the course as possible. The charitable company aims to cover ils running sts and looks lo break even, so charges are kept as low as possible to encourage wide access. Indivi¢Juals do nol have to be fee-paying members of Ihe Club to access the facilities. They may play by paying a reasonable daily rate. 7 days a week. providing there is aValbilIty. The elub also considers offering reduced rates in Se$ of hardship wth conditions varying according to indiv*Jual circumstsnces. Reduced rates are also offered to members. guests with the restriction that a member may onty invite the same guest three limes in any single financial year. Access is available to all the faeilrties during the opening hours of the club. Other charib'es may use the course for fund-raising charity days for which Ihey a charged preferential rates. A number of annual events are well established and raise signtficanl funds for their charity. These charities are Sl Gemma's Hospice Leeds, RNLI and The Richard Goldberg FoundatM)n. The board have had regard to the Charity Commission's guidance on public benefit and confirm that . this guidance forms the basis of planning dlS1onS at bolh strategic and operation levels. Summary of Main Achievements The club overall has had a successful centenary year. Ensuring the club reached this milestone was part of a 5-year strategic plan set oul in 2018. We continued lo hosl many charsiy golf days in support of their furKJraising goff days at M¢)or Allerton. As a charitsble company we continue lo support them in their fund-raisiThJ activities through offering generou$ Saving on their green fee rates for mainstream charities. The dub stsrted work on 8 lffig-awaited bunker re-design plan which in the long lemi WIH significanlly improve a poor area of our course. Ullimalefy this will allow us lo increase our visitor green fees and overall golt experience at the club. Financial Revlew and Policy on Reseryes The charitable company's reserves policy is to ensure that reserves are maintained at sh a level to enable il to continue lo meel its objectives. The club has benefited from an increase in membership and an increase in visltor income streams, rocording the highest visitor revenue for the year in recent history. Income from the revenue streams that make up the club's 'Charilable Aclivib"es' whith is broadly made up from membership subscriptions. members guests. visitors. societies. and buggy hire Inole 4 in the accounts) revenue has increased significantty lo £1.038.98912023.. £890.7071. While visitor revenues are sli9hlly down on the previous year it is pleasing to reEK)rt a stron9 retum on membership subscriptions has helped contribute to the increase in revenue.
Moor Allerton Gow Club (Leods) Annual Report and Financial Statements Trust8es' Report Overall total income for the year was £1,132,321 (2023.. £937,178), totsl revenues vs Ihe previous year were £195,053 higher. Expenditure had risen over the Urse of the financial year. Overall total expenditure for the financial year was £1.094.133 {2023'. £1.026.7421 showng an increase in expenditure of £67.391 vs the previous year. This has resulled in a small profit for the financial year (as sel out on page 111 of £38,09812023'. deficrt £89,$641 and at the year end its reserves stood al £193.15012023.. £155,052}. Events that have contributed lo the inerease in expenditure are summarised as folkjws". On•course investrnenl costs had risen due to contracted works that needed to be Carried out. Fertiliserexpenditure increased due lo the general effects of price increases through the trading year. Insurance premiums increased signrficanlly. Utility bills increased for the Greenkeepers sheds at point of contract renewal. Higher than usual costs for house sundries. repairs and renewaFs. Forward Looking Statements The club will continue to invest in the bunker management project during the 2024125 & 25126 seasons (should funds permill lo improve the overall appeal of the course. solving what is seen by many as a weak area as irKlicaled in the England Gdl Mernbership Survey conducled in August 2022. The club will continue lo receive donations from Moor Allerton Goff Club Ltd in respect of the Landfill project that is attached lo Lld. Unfortunately the club, as with most dubs across the Yorkshire regn, experienced a very drfficult winter. It is fair to say it has been the wettest winter in history impacting golf. In light of Ihis, going forward into the next financial year, it is likely thal we will experience a larger amount of membership movement which may impact on revenue. Connected Oryanisations The charitable company was established to take over the running of the Mcor Allerton Golf Club from the exisling Moor Allerton Golf Club Limited {MAGCI which il did on 1 April 2016. MAGC is not a charity but had been operating on a nol-for-pfofit basis. and ils shares are held on trust to ensure that persons of the Jewish faith are not prohibited from playing at the club. On 1 April 2016. MAGC granted a 25-year lease at a peppercom rent to the Charity and gifted various assets and li8bililies relating to golfing activities lo the eharitabbè company. MAGC continue5 10 undertake non-charitable acbvities. such as managing catering. functions and events which are non- ancillary lo the charitable company s purposes and it is intended that tt will grfi any profits to the eharilable company.
Moor Allerton Gow Club (Leeds) Annual Report and Financial Statements Trustees, Report Statement of Trustees. Responsibilili•s The Iruslees are reswnsible for preparin9 the Iruslees. report and the financial statements in accordance with the United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounling Practice) and applicable law and regUlatnS. Company law requires the trustees to prepare financial ststements for each financial year. Under that law the ITUStees have elected lo prepare the financial stslements in accordance with United Kingdom Generally Accepted Accounting Praclice (United Kingdom Accounting Standards and applicable lawl. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affair of the charitable company and of the income and expenditUTe of the charitable company for Ihat period. In preparing these financial ststements, the trustees are required lo-. select suitable accountirvJ policies and then apply them consislenty: observe the methods and principles in the Charities SORP- make judgments and accounting estimates that are reasonable and prudent- prepare the financial stslemenls on the going concern basis unless il is inappropriate to presuw that the charitable cornpany will continue in business.. and slate whether applicable UK Accounting Stsndards have been followed, subject lo any material departures disclosed and explained in the financial statements. The trustees are resp)nsible for keeping adequate aeeounting records that are sufficient lo show and explain the charitable company s Irans8¢1ions and disdose with reasonable accuracy at any lime the financial posrtion of the charity and enable them to ensure that the financial stalements comply wilh the Charities Act 2011. the charitable company (Accounts and Reports) RegulatnS 2008. They are also responsible for safeguarding the assels of the Charitab company and hence for taking reasonable steps for Ihe prevention and delection of fraud and other IrregularitS. The trustees are responsible for the maintenance and integrity of the charitable eornpany'5 and financial information included on the charilabie company s web51te. Legislalion in the United Kingdom goveming the preparation and dissemination of financial statements may drffer from legislation in other jurisdictions. Statement of disclosure of inforniation to auditors In accordance with rnpanY law. as the charitable MpanY s directors. we certify that.. so far as we are aware. there is no relevant audit infcvmation of which the charttable company s auditors are unaware., and we have taken all Ihe sleps that we ought lo have taken as directors in order to make ourselves aware of any revant audit informalion and lo establish the charitable ¢ompany s auditors are aware of that informalion. Approved bythetrustees on...................................... 2024 and signed on Iheirbehalfby: Svjned Z1112r24 6C+.43 Dr K Morrison Trustee
Moor Allerton Golf Club (Leeds) Annual Report and Financial Stalemènts Independent Auditorfs Report to th• Irustees of Moor Allerton Golf Club (Leeds) Opinion We have audited the financial statements of Moor Allerton Golf Club (Leeds) {the 'tharity') for the year ended 31 March 2024 which comprise the Statement of Financial Activities. Balance Sheet. Cash Flow Slalemenl and Notes lo the financial statements. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charilies SORP- FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Irelan(J' and applicable law (Unrted Kingdom Generally Accepted Accounting Pr8cb"eel- In our opinion the financial statements= give a true and fair view of the slate of the charity's affairs as at 31 Marth 2024 and of its incoming resources and application of resources. including its income and expenditure for the year then ended: have been property prepared in a¢rnrdance with Unrled lfjngdom Generalty knepted Accounting Practice", have been prepared in accordance with the requirements of the Compan$ Act 2006,. and have been prepared in aceordanee with Charit*s SORP FRS102 (October 2019) and the Charities Ac12011. Basis for opinion We condueled our audrt in accordance with International Standards on Auditing (UK} IISAS IUKI) and applicable law. Our responsibilities under those standards are further deseribed in the Auditor's responsibilities for the audit of the fin8ncisl statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audrt of the financial slalements in Ihe UK, including the FRC'S Ethical Standard, and we have fu111ed our other ethical responsibilities in accordance with these requirements. We believe thal the audil evKlence we have obtained is sufficient and appropriale lo provrde a basis for our opinion. Conclusions relating to going concern In auditing the financial slatemenls. we have conducted that the trustees, use of the going concem basis of accounting in the preparation of Ihe financial stslemenls is appropriate. Based on the work we have perf0Md. we have Th)1 hjenlrfied any material uncertainties relating lo events or conditions Ihal, individualty or collectively. may cast $jnIfICant doubl on the charity's ability lo continue as a going concem for a peri(MJ of al leasl Iwelve months from when the original financial statements were aulhorised for issue. Our responsibilities and the responsibiltties of the trustees wtth respect to going concern are described in the relevant section5 to this rewi- Other inforrnation The Iruslees are responsitAe for the other information. The other infomation comprises the information included in the Iruslees rewjrt. other Ihar) the financial slalemenls and our auditor's report Ihereon. Our opinion on the financial statements does not cover the other infomiation and, except to the extent olhenvise eX1cl11Y staled in our report. we do not express any fomi of assurance conclusion thereon. In connection with our audil of the financial statements. our responsibility is lo read the other information and, in doing so. considef whether the other information is materially inconsislenl with the financial statèments or our knowledge obtained in the audit or othenNise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material misstslements. we are required to detemine whether there is a material misstatement in the financial stslements or a material missL9tement of the other informab"on. If. based on the work we have performed, we conclude Ihal there is a material misstatement of this other information. we are required to report that fad. We have nothing to report in this regard.
Moor Allerton Golf Club (L•edsl Annual Report and Financial Stslements Independent Auditorfs Report to the trustees of Moor Allerton Goll Club (Leeds) Matters on which we are reqtsired to report by exceptlon In the light of our knowledge and understsnding of the charity and its environment oblained in the course of the audit, we have not identified material misstslements in the trustees, report. We have nothing lo report in Spect of the followirKJ matters where the Companies Act 2006 and the Charities Act 2011 requires us lo report to you rf. in our opinion- adequale accounting records have 1 been kepl. or rebjms adequate for our audit have not been received from branches not visited by us. or the financial statements are not in agreenI with the aoUnting records and retums; or certain disclosures of trustees remuneration specified by law are not made" or we have not received all Ihe infomiation and explanatI(S we require for our audit. Responsibililies of trustèes As explained mole fully in the Statement of Trustees. Reswnsibilitses Isel out in the trustees report). the Iruslees are responsible for the preparation of the financial slalemenls and for being satisfied that they give a true and fair view. and for such intemal control as the Iruslees determine is necessary to enable the preparation of financial statements that are free from malerk41 misstalemenl, vthether due to fraud or error. In preparing the financial statements. the trustees are reswnsible for assessing the eharity's ability to continue as a going concem, discknsing. as applicable. matters related lo going concern and using the going concern basis of accounting unless the trustees eilher inlend lo liquidale the charity or lo cease operations. or have no realistic allernalNe bul lo do so. Auditor's rèsponsibilities for the audit of th• financial statern•Thts We have been appointed auditors under the Companies knt 2006 and reF*)rt in accordance with this act. Audltor's responslbllilies for the audll of the flnanclal slatements Our objectives are to obtain reasonable assurance about whether the financial statements as a who are Iree from material misstatement. whether due to fraud or errrjr. and to issue an auditor's report that indudes our opinion. Reasonable assurance is a high Ve1 of assurance. but is not a guarantee thal an audit conducted in accordance wtih ISAS (UK) will aVaYS detect a material misstalemenl when rt exists. Misstalemenls Can arise from fraud or error and are considered material rf. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these finanal slalemenls. A fvrther description of our responsibilities is available on the Financial Reporting Council's website al www.frc.or .uklauditorsres nsibililies. This descripliryi forms part of our auditor's report.
M¢)or Allerton Golf Club (Le•ds) Annual Report and Financial Ststements Independent Audltorfs Report to the trustees of Moor Allerton Golf Club (Leeds) Capability of the audit in detecting irregularities, in¢ludSng fraud Irregul8rities, including fraud. are instances of non•compliance wth laws and regulations. We design procedures in line with our responsibilities. outlined above. to delect material misstatements in respect of Iegularl11e$. including fraud. The key laws and regulations we have considered in this context included the Companies Act 2006. employment and tax legislation together with the Charities SORP FRS 102 (October 20191. In addition. we have considered provisions of other laws and regijlalions Ihal do not have a direct effect on the financial statements bul compliance with which may be fundamental to the charity's ability to operate or lo avoid a material penalty. The exlenl to 1¢h our procedures are capable of detecting irre9ulaiities. itKluding fraud is detsiled beknv.. Using our general comrnercial and sector experience and through dIl$S)nS with the trustees and other rnanagewnenl. we identified areas of Lgws and regLJlations Ihat could reasonably be expected lo have a material effeet on the financrdl statements as well as those arisÈng from management's own assessment of the risks that irregularities may occur either as a result of fraud or error. We examined the charity's regulatory and legal correspondence and discussed with the trusle8S and other management any known or suspected instances of fraud or non-compliance with laws and regulations. We communicated and discussed identified laws and regulations and potential fraud risks with all engagement team members and remained alert to any indi110n$ of fraud or non-compliance with laws and regulations Ihroughout the audit. In addressing the risk of management override of controLs. we tested the appropriateness of joumal entries. We also challenged assumptsons andjudgemenls made by management in their significant accounting estimates and judgements. We also discussed related party relatnshIpS and transactions involving them. There are inherent limitations in the audil predureS described above and Ihe further removed non- compliance with laws and regulations is from the events and transactions reflected in the financial stslemenls, the less likely we woukl become aware of it. Also. the risk of rt detecting a material misstslement due lo fraud is higher Ihan the risk of not detecting one from error. as fraud may involve deliberate concealment by. for example, forgery or intentional misrepresentation. or through collusion. Other matters Corresponding figures are presented and the prior year financial ststements were not audited. Sufficient and appropriate audit evidence has been obtained lo ensure that Ihe opening balances do not contain misslatemen15 that rnalerially affecl the currenl periods financial slalemenls. Use of our report This report is made solely to the charitable parent company's members. as a body. in accordance with Chapter 3 of Part 16 ofthe Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitable company's members those mallers we are required lo stale to them in an auditor's report and for no other purpose. To the fullest extent Perrned by Law. we do not accept or assume responsibility lo anyone other than the charitalje parent company and the eharitsble parent company s members, as a body, for our audil work, for this report, or for the opinhS we have fomed. 21112124 Nicola Taylor {Senior Statutory Auditor> For and on behalf of 8rown 8uller Chartered Accountants and Slalutory ALKlitor Leigh House 28-32 Si Paul's Street Leeds LS1 2JT Dale.. 10
Moor Allerton Golf Club ILo•ds) Annual Report and Financial Statements Stsl•ment of Financial Activities lincorporating an Income and Expenditure Accounl For the year •nded 31 March 2024 Total 2024 Total 2023 Unrestricted Note Income from". Donations and grants Charitable activitses Other trading aclwities 46.992 1.038.989 46.250 46.992 1.038,989 46.250 2,395 890.707 44,078 Total 1.132.231 1.132.231 937.178 Expenditure on- Raising funds Charitable actNities Interest payable 186,614 906.882 637 186,614 906,882 637 78,256 948,462 24 Total 1.094.133 1.094.133 1.026,742 Nel incomel (expenditure) 38.098 38,098 {89,5641 Reconciliation of funds Funds at 1 April 2023 Nel incomel lexperKliture} 155.052 38,098 155,052 38,098 244.616 {89.5641 Funds at 31 March 2024 193.150 193,150 155,052 All the charitsble company s activities derive from continuing operations during Ihe above financial years. The notes on pages 14 to 23 fomi part of these financial statements.
Moor Allgrton Goll Club (Le•ds) Annual Report and Financial Statèm•nts Company Nurnber 09679570 Balance Sheet As al 3131 March 2024 2024 2023 Note Fixed assets Tangible assets 11 375,772 432.246 Current assets Stocks Debtors Cash at bank and in hand 12 13 101.303 64,007 67.611 7.083 36.026 173,503 232.921 216.612 Current liabilities Creditors - amwnls falling due within one year 14 399.331 467.410 Net Current liabilities {166,4101 1250,7981 Total a55ets less current liabilities 209.362 181,448 Creditors- amwnts falling due after one year 15 16.212 26,396 Nel assets 193.150 155,052 The funds of the Charty Unrestricted funds 17 193.150 155,052 Totsl funds 193.150 155,052 These financial slalements were approved and authorised for issue by the trustees on £o.(W. 2024 and signed on the behalf by:" s]ned OD 20112124 12 l Lanij Trustee The notes on pages 14 to 23 form part of these financial statements. 12
Moor Allerton Golf Club {L[s) Annual Report and Financial Stalements Statgmgnl of Cash Flows For the year ended 31 March 2024 2024 2023 Note Net cash flow from operating actNities 21 (87.293) 181.536 Cash fl¢)w from inveskn.ng acb"vities-. Dispos81 proceeds on sale of fixed assets Payments lo acquire tangible fixed assets 59 (8,054) 125.714) Net cash flow from investing activities (7.995) {25,7141 Cash Ilow from financing activities: Repayment of finance leases and hire purchase Interest paid {9.967) 1637) 130,275) 124} Net eash flow from finan¢ing a¢tivilies (10.604) 130,299) Nel increase (105.892) 125.523 Cash at bank and in hand at 1 April 2023 173.503 47,980 Cash at bank and in hand at 31 March 2024 67,611 173,503 The notes on pages 14 to 23 fom part of these financial slalemenls. 13
Moor Allerton Golf Club {Leedsl Annual Report and Financlal Staternènts Notes lo the financial statements for the year ended 31 March 2024 General inforynalion Moor Allerton GOW Club (Leeds) is a company limited by guarantee and has no share capital. The ltsbilily of each member in the event of a winding up is limited to £1. The charitable company is incorporated in England and Wales, is registered as a charity with the Charity Commission and is also a public benefit entity as defined by Financial Reporting Standard 102 the'Financial Reporting Standard Applicable in the UK and Republic of Ireland. (FRS 102)- tts registered office and principal place of busir*ss is:_ The Club House Wike Leeds LS17 9NH Summary of swjnificant accounting polbcies 2.1 Basis of preparation The financial stslements have been prepared in accordance with applicable accounting standards including FRS 102, Ihe Accounting and Reporting by Charities.. Stalemenl of Recommended Practice applicatle lo charityes preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 issued in October 2019 {SORP IFRS10211 and the Companies Act 2006. The financial slalement shave been prepared on a going concem basis under the historical cost convention. modrfied to include certain items at fair value. The presentation cuffency is £ steiling and the financial slalements have been rounded lo the nearest £1. The Signifnt accounting policies applied in the preparation of these financk71 stalemenls are sel out below. These policies have been consistenlty applied to all years presented, unless otheiSe slated. 2.2 Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of Ihe Charitable company and which have not been designated for other purposes. 2.3 Income recognition All incoming resources are induded in tt)e Stalemenl of Financial Activities ISOFAI when the charitable company is legally entitled lo the income after any pertormance conditions have been mel, the amount Can be measured reliably and it is probable that the income will be received. For donations to be recognised. the charitable company will have been nolrfied of the amounts and the Settrnent dale in wriling. If there are conditions attached lo the donation and these require a level of performance before entillemenl can be obtained then inwme is deferred until tlse Conditions are fully met or the fulfilment of those conditn$ is within the control of the charitable company and it is probable that they will be fuifilbed. Oonated facilities and donated professional services are recognised in income al their fair value when their economic benefit is probable. they can be measured reliably and the charitable ompany has control over the item. Fair value is delermined on the basis of the value of the gift lo the charilable company. For example the amount the charitable company would be willing to pay in the open market for such facilities and seryices. A eSdIng amount is recognised in expenditure. 14
Moor Allerton Golf Club (Legds) Annual Report and Financial Statements Notes to thg financial statements for the year ended 31 MaiGh 2024 Summary of snfficant accounting polcies - ¢tinUed 2.3 Income recognikn'on- ¢ontinued No amount is included in the financial statements for volunteer b"me. For legacies. entitlement is the earlier of the charitable Company being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified lo the charitable company however rt is not possible to rneasure the amounl expected to be distributed. On these occasions. the legacy is Irealed as a contingent asset and disclosed. Grants are reco9nised at fair value when the charitable company has entitlement after any performance conditions have been met. it is probable that the income will be received and the amount can be measured reliably. K enlrfement is not met Ihen these amounts are deferred. Grants received for the acquisition of fixed assets are accounted for as restricted fvjnds. The restricted fund is reduced by the depreciation or amortisabon charges made over the expected useful life of the asset concemed. Other grants are treated as income and, where applicable, they are accounted for as restricted funds. Where the grant covers future accounting periods. the amount relating to future periods is deferred and recognised in the correct period. 2.4 Expenditure reCognit)n All expenditure is accounted for on an accruals basts and has been classified under headings that aggregate all costs related lo Ihe category. Expenditure is recognised where there is a legal or constructive obligation lo make payments to third parties. il is probable that the settlement will be required and the amount of the obligation can be Measured reliably. 2.5 Support costs allocati(Mi Support eosts are those costs that assist the work of the charitable company but do not directly represent charitable aetiwties and include office costs. govefflance cosls, and administrative payroll costs. Where support costs cannot be directly attTibuled lo particular headings they have been allocated to cost of raising funds and expenditure on charitable adivilies on a basis consistent with use of the resources. The analysis of these cosls is included in note 7. 2.6 Tangible fixed as5els The donation of the leasehobj interest on 1 2016. was inibalty measured at fair value and has subsequentty been measured at arnortised cost. Other tangible fixed assets are stated at cost less accumulated depreciation and accumulated impaimenl losses. Cost includes costs directy attributable to making the asset pable of operating as inlended. Depreciation is provided on langle fixed assels on a straight line basis, at rates calculated to write off the cost. less eslimaled residual value. of each asset on a systematic basts over ils expected useful lrfe as follows= Leasehold interest Workshop machines Sheds & pro shop Golf course equipment Office equipment Shop and other equymenl 4% straight line basis 10Yo straight line basis 5% straight line basis 10% straight line basis 20% straight line basis 20% straight line basis 15
Moor Allerton Gom Club (Leeds) Annual Rgport and Financial Slatements Notes to the financial statements for the year ended 31 March 2024 Summary of snl¢an1 accounting poh'cies - continued 2.7 Impainnent of fixed assets Fixed assets are assessed at each reporting date to determine whether there is any indication that Ihe assets are impaired. If there is an indication of possible impairment, the recoverable amount of any affecled asset is estimated and compared lo its carying amount. If the eslimaled recoverable amount is lower. the carrying amount is reduced to its estimated recoverable amounl. and an impairment sS is recognised in the statement of financial activities. The reversal of an impairment loss is recognised immedialety in the SOFA. 2.8 Debtors Short term debtors are measured at transaction pri. less any Impaient. Loans re1Vable are measuied initially at fair value. nel of transaction costs. and are subsequently me85ured at amortised cosl using the effective interest method. less any impaiment. 2.9 Creditors Short temi creditors are measured al transaction price. Other financial liabilities. including bank loans. are measured initialty at fair value. net of transaction cosls. and are subsequently measured at amortised cost using the effective interest method. 2.10 Leases Fixed assets acquired under finance leases and hwe purchase agreements are included in the balance sheet at cosl and an appropriate provision made for depreciation. The i)ulstanding liabilities under such agreements le55 interest not yel due are included in credilors. Interest attributable lo each perth is charged to the SOF Operating lease renta15 are charged to the SOFA account as incurred. 2.11 Taxation The charitabk company considers that it meets the definition of a charitsble company for UK corporation tax purposes and is accordingly potentially exempt from tax in respect of its income and gains. 2.12 Pension contribution The charitable company has a defined contribulion penSn scheme. The pension costs charged to the SOFA are the contributions payable in respect of the accounting period. 2.13 Going concem The financial slatements have been prepared on a going concem basis as the trustees believe that no material uncertainties exist. The trustees have consKlered the level of funds held and the expecled level of income and expenditure for a pericrtj of at least 12 months from aulhorising these accounts. The budgeted income and expenditure is sufficient with the level of reserves for the charitable rnpanY to be able to continue as a going concern. 2.14 Critical accounting estimates and assumption The charitable company makes estimates and assumplions conceming the future and the resultin9 accounting estimales and assumptions will, by definilion, seldom equal the related actual results. The main area ofeslimates and assumptions that have a significant risk of causing a material adjustment lo the carrying amounl of assels and liabilities within Ihe next financial year relate lo the estimates used in valuing Ihe leasehokl interest. Whh. as explained in nole 11. was professionally valued on behaw of the charitable company. 16
MoorAllerton Goll Club ILe8ds) Annual Report and Financial Slatements Notes to the financial $taternents for the year ended 31 March 2024 Donations and grants Totsl 2024 Totsl 2023 Unrestricted Donations 46,992 46.992 2.395 Charitable activities Tolal 2024 Total 2023 Unrestricted Golfing activibes 1.038.989 1.038.989 890.707 Other trading activities Totsl 2024 Total 2023 Unrestricted Toumaments and competitions Advertising and sponsorship Sundry income Food sales 6,138 14.467 13.212 12,433 6,138 14,467 13.212 12,433 6.459 5.737 4,225 27,655 46.250 46.250 44,076 ExpendiluTe Direct osts Supwrt costs Total 2024 Total 2023 Costs of raising funds Raising funds 179.293 7,321 186.614 78.256 Expenditure for the year ended 31 March 2023 was £78,256, of which £70.062 was attributable to direct costs and £8.194 was attributsble to support cosls. Charitable activities Golfing activities 761.501 145.381 906.882 948.462 Expenditure for the year ended 31 March 2023 was £948.462. of whth £789.106 was attritMJtable lo direct costs and £159.356 was attributable to support costs. 17
Moor Allerton Golf Club ILogdsl Annual Report and Financial Statements Notes lo the linancial ststgments for the year ended 31 Mah 2024 Support eost alk)cation Raising funds Goffing activities Total 2024 Total 2023 Note Salaries and wages Establishment costs Computer expenses House sundries Telephone, stationery and subscriptions Legal fees Governance 3.500 352 737 541 66.494 6.697 14.008 10.284 69.994 7.049 14.745 10.825 70.217 8.341 13.087 14.475 719 13.668 13 34.217 14,387 13 35,689 18,182 211 33.863 1.472 7.321 145.381 152.702 159.356 Expenditure for the year ended 31 March 2023 was £159.356. of which £7.735 was attribulable lo raising funds and £1 51.621 was attributable to goffing activities. The above support costs are allocated on a lime spent" basis. Governance costs 2024 2023 Independent examIneS fee Auditor's remuneration Management accountant's fees Bookkeeping fees Professional fees 4.000 6,000 18,829 4,590 6,270 20,530 5.875 3.458 35,689 33,863 Nel incomel (expenditure) Nel incomel (expenditure) is slated after charging.. 2024 2023 Depreuation Machine hire and leasing Independent examiner's fee Audilorfs remuneration 64.469 14,435 59.805 16.575 4.000 6,000 18
Moor Allerton Golf Cb (Leeds) Annual Report and Finan¢ial Stalements Notes to the financial statements for the year ended 31 March 2024 10. Staff costs and numbers 2024 2023 Salaries and wages Social security eosts Pension contributions 373.081 29,855 7,853 415,211 31,895 8,632 410,789 455.738 No employees were paid in excess of £60,000. No remuneration was paid during the year to any trustee. ncK were there any expenses reifflbursed to them. The average number of employees during the year. analysed by function. was.. Number of employees 2024 2023 Golfing activities Support costs 10 15 18 19
Moor Allerton Golf Club (Leeds) Annual Report and Finan¢ial Statements Notes to the financial statements for the ygar ended 31 Mah 2024 11. TarKJible fixed assets Sheds Leasehdd Workshop and interest machine5 pro shcp Go Shop course and other equiprnenl equipment equipment Total Cosuvalualion At 1 April 2023 Additions Disposals 250,000 35.928 445.857 329 12011 13,517 1,224 22.909 6.501 768.545 8.054 {2011 Al 31 March 2024 250,CM)O 35,928 445.785 14.741 29,410 776,398 Depreciation Al 1 April 2023 Charge for year Eliminated ¢)n disposal 70.000 10,000 374 7.760 1.801 247.410 44.698 7,168 2,426 3.587 5.490 336.299 64.469 11421 1142) At 31 March 2024 80.000 428 9.561 291.966 9.594 9.077 400,626 Net book value At 31 March 2023 180.000 28,168 198.247 6.349 19,322 432,246 At 31 March 2024 170.000 1C 26.367 153.819 5.147 20.333 375.772 The tangible fixed assets have been pledged as security for liabilities of the charilable company. The leasehold interest was granted on 1 Awil 2016 for a period of 25 years at a peppercorn rent. Given that il fomied part of the donation from Moor Allerton Goll Club Limited. il has no historical cost. The leasehold interest al 1 April 2016, was Wofesslc31IY valued by Malcolm Stuart Property ConsuK8nts. tsking account of recent transactions in the locality and currenl market and economic condilions. 12. Stocks 2024 2023 Raw materials 101.303 7,083 The stocks have been pledged as security for Ikqbilities of the charitable Company. 20
Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements Notes to the financial statem•nts for the year ended 31 March 2024 13. Debtors 2024 2023 Other debtors Prepayments 38.366 25.641 36,026 64.007 36,026 The debtors have been pledged as seoJnty for liabilities of the charitable company. 14. Creditors 2024 2023 Amounts falling due within one year- Obligations under finance lease and hire purchase Trade creditors Other creditors Social security and other tsxes Accruals and deferred income 11.089 63.272 99.519 12.221 213.230 10.872 50.956 102.641 11.155 291,786 399.331 467.410 tkferred irtome 2024 2023 Deferred income at 1 April 2023 Amounts deferred in current year Amounts released from previous year 227.657 177,065 1227,657} 55,288 227,657 155,288) Deferred InMe at 31 March 2024 177.064 227.657 Deferred incorne rdales lo sub5cription5 and donations received in the current year which relate lo the following year. 15. Creditors- amounts falling due after one year.. 2024 2023 Finance lease and hire purchase creditors 16,212 26.396 16. Security Finance lease and hire Purchase liabilities lotalling £27,30112023- £37.268) are 5eGured by the assets to which they relate, which have a carrying vahje of £51.16112023= £58.0761. 21
Moor Allerton Golf Club (Leeds) Annual Report and Financial Sements Notes lo the financial Statements for the year ended 31 Mah 2024 17. Unrestricte(J funds Balance 01.04.2023 Incoming Outgoing funds funds Balance 31.03.2024 General fijnds 155.052 1.132.231 1.094,133 193,150 Balance 01.04.2022 Incoming OutgoiNJ funds funds Balance 31.03.2023 General funds 244.616 937.178 1.026.742 155.052 18. Leasing commilmenls Total leasing commitments which are not induded in Ihe bal8n¢e sheet a set out bel¢)w'. Operating leases The lolal of future minimum operating lease payments is as folknvs: 2024 2023 Within one year Between one and five year5 51.886 124.147 49,015 122,442 176.033 171.457 19. Related party transact$ There were no related paty transactions duriThJ the period. Corporation tax The company is a registered charity and is exempt from income lax and corporation lax. 21. ReconciliaDon of n81 expen(lilure lo net cash flow trom operating activities 2024 2023 Nel incomel (expendilurel for the year Intere51 paid Depreciation and am(Klisation charges Increase in stock Increase in debtors {Decreasell increase in creditors 38.098 637 64,469 194,220) 127,981) {68,296) 189.564) 24 59,805 {3,128} 121,341} 235,740 Nel cash flow from operating activities {87,293) 181,536 22
Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements Notes to the financial slat•ments for thè year ended 31 March 2024 22. Analysis of changes in net debt Asat 1 April 2023 Cash Flows Asat 31 March 2024 Lease liakn"lities 37.268 {9.9671 27,301 Cash al bank and in hand Cash al bank Cash in hand (173.2321 12711 106,581 16891 166,6511 19601 Total net debt (136.2351 95.925 140,3101 23