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2025-03-31-accounts

MOOR ALLERTON GOLF CLUB (LEEDS) Annual Report and Financial Statements

For the year ended 31 March 2025 Charity Number 1165327 Company Number 09679570

Brown Butler Chartered Accountants Leeds

Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Contents

Page
Information 2
Trustees’ Report 3 – 7
Independent Auditor’s Report 8 – 10
Statement of Financial Activities including an Income
and Expenditure Account 11
Balance Sheet 12
Statement of Cash Flows 13
Notes to the Financial Statements 14 – 23

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Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Information

Charity Name Moor Allerton Golf Club (Leeds) Charity Number 1165327 Company Number 09679570 Registered Office and Principal Place of Business The Club House Wike Leeds LS17 9NH Trustees Ian Land Dr Kathleen Morrison Aaron Selman David Share David Feldman Michael Woodhead Auditors Brown Butler Chartered Accountants Leigh House 28-32 St Paul’s Street Leeds LS1 2JT Bankers Handelsbanken plc 3 Thomas More Square London E1W 1WY

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Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Trustees’ Report

The trustees present their annual report, together with the audited financial statements of the charitable company for the year ended 31 March 2025.

General

The charitable company commenced its charitable activities as of 1 April 2016 after receiving various assets and liabilities gifted for no consideration from Moor Allerton Golf Club Limited. Each company obtained separate legal advice leading to a sale and purchase agreement and a 25 year peppercorn lease for the land and buildings from Moor Allerton Golf Club Limited.

The trustees have adopted the provisions of the Statement of Recommended Practice “Accounting and Reporting by Charities” published in October 2019 in preparing the trustees report and financial statements of the charitable company.

Trustees and Directors of the Charitable Company

The trustees are directors of the charitable company for the purposes of company law and trustees for the purposes of charity law.

The trustees who have served during the year are as follows:

Ian Land Dr Kathleen Morrison Aaron Selman David Share David Feldman Mark Manning (resigned 13 March 2025) Simon Winterburn (resigned 1 July 2024) Michael Woodhead

As required one third of the trustees were required to stand down at the AGM. David Feldman resigned but stood for re-election; they were elected unopposed.

Structure, Governance and Management

Type of governing document: Memorandum and Articles of Association How the charitable company is constituted: Company Limited by Guarantee and not having a share capital

Trustees: Appointed by existing trustees and number at least 3 and no more than 12. One third of Trustees must 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.

Trustee Induction and Training

New trustees are provided with a copy of the Memorandum and Articles of Association. They meet with the Chairman for an explanation of operational procedures, and with the Finance Officer for an explanation of budgets and accounts. All trustees must be playing members of Moor Allerton Golf Club (Leeds) and will have a good understanding of how the club operates.

A comprehensive range of traditional business and legal skills are well represented on the board.

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Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Trustees’ Report

Operational Structure

The charitable company has an executive board known as the Council. The Council must comprise of at least 5 and no more than 12 council members. The Council is responsible for strategic direction and policy and it also monitors and oversees the operational activities of the charitable company. Meetings are held monthly.

Insurance

In accordance with normal commercial practice, the charitable company has purchased insurance to protect the trustees and officers from claims arising from negligent acts, errors or omissions occurring whilst on charitable company business. The insurance provides cover up of £1,000,000 on any claim. The cost of this insurance was £336.26.

Objectives and Activities

The objects are specifically restricted to the following, for the public benefit:

Purpose and Public Benefit

The purpose of the charitable company is to operate Moor Allerton Golf Club (Leeds) for the benefit of the public, to enable the public to have access to the 27-hole golf course and other facilities. The aim is to promote golf as an amateur sport, 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 engaging in sport which provides fresh air and exercise are well recognised.

The course is located on the outskirts of the city of Leeds affording the charitable company a large area of benefit. It is unusual in having 27 holes and is one of the first in the UK to be designed by the renowned American golf architect Robert Trent Jones. The design is 3 separate loops of nine holes, all starting and finishing at the clubhouse, making it ideal for golfers of all abilities.

Moor Allerton Golf Club was originally established by Moor Allerton Golf Club Limited to ensure that people of the Jewish faith were able to play golf, having experienced exclusion from other members’ golf clubs in the region. With the establishment of the charitable company the aim is to continue to ensure that anyone who wants to play golf can have access to excellent facilities without discrimination on any grounds, irrespective of their creed, faith or ethnicity. The charitable company aims to benefit all inhabitants of Leeds and the surrounding area, encouraging people to play golf and become members.

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Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Trustees’ Report

Coaching programmes are made available to schools and youth organisations, as well as the Club’s members, throughout the year. Young people are encouraged to see golf as a sport they can access and enjoy. The fee structure for junior golfers under 18 has been set so that access to a top quality golf course in North Leeds is affordable.

The aim of the charitable company is to encourage wider access to 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 significant cost to maintaining the facility, however the charging structure is varied and flexible to enable players to have as much access to the course as possible. The charitable company aims to cover its running costs and looks to break even, so charges are kept as low as possible to encourage wide access.

Individuals do not have to be fee-paying members of the Club to access the facilities. They may play by paying a reasonable daily rate, 7 days a week, providing there is availability.

The club also considers offering reduced rates in cases of hardship with conditions varying according to individual circumstances.

Reduced rates are also offered to members’ guests with the restriction that a member may only invite the same guest three times in any single financial year.

Access is available to all the facilities during the opening hours of the club. Other charities may use the course for fund-raising charity days for which they are charged preferential rates. A number of annual events are well established and raise significant funds for their charity. These charities are St Gemma’s Hospice Leeds, RNLI and The Richard Goldberg Foundation.

The board have had regard to the Charity Commission’s guidance on public benefit and confirm that this guidance forms the basis of planning decisions at both strategic and operation levels.

Summary of Main Achievements

The club continued its bunker redevelopment programme, with work on holes 10 through 18 now nearing completion. These newly constructed bunkers represent a substantial improvement over the previous designs. The project will progress to holes 19–27 during the 2025/26 season.

We also hosted a significant number of charity golf days, providing support to their fundraising efforts at Moor Allerton. As a charitable company, we remain committed to assisting mainstream charities by offering favourable green fee rates to support their events.

Financial Review and Policy on Reserves

The charitable company’s reserves policy is to ensure that reserves are maintained at such a level to enable it to continue to meet its objectives.

Income derived from the club’s charitable activities—comprising membership subscriptions, member guest fees, visitor and society income, and buggy hire (see note 4)—fell to £959,651 (2024: £1,038,989). Visitor income decreased slightly due to poor weather conditions at the start of the financial year, and overall revenue was further affected by membership churn, resulting in lower subscription income.

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Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Trustees’ Report

Total income for the year was £1,011,426 (2024: £1,132,231), a decrease of £120,805.

Expenditure increased over the year, totalling £1,194,753 (2024: £1,094,133), an increase of £100,620. This resulted in a deficit of £183,327 for the financial year (2024: surplus of £38,098). Year-end reserves stood at £9,823 (2024: £193,150).

Key factors contributing to increased expenditure include:

Forward Looking Statements

The club continues to receive donations from MAGC Leeds, which contributes excess post-tax profits to the charitable company. The landfill project remains the primary source of these donations and is expected to conclude around April 2026.

Over the past twelve months, MAGC Leeds has also advanced its Biodiversity Net Gain (BNG) project, which is expected to generate significant long-term revenue and further secure the club’s financial future. A total of 120 biodiversity credits have been created, with an estimated current market value of £3.4 million gross (based on marketplace analysis from June 2025 provided by Biodiversity Units UK).

As of 27 November 2025, a Section 106 agreement has been approved by the local planning authority, and the site is now registered with Natural England. This enables the club to legally sell biodiversity credits on the open marketplace. A proposal to sell 70 credits to a single-site development has been submitted, and a response is expected in December 2025.

Revenue generated from biodiversity credits will be used partly to fund further course improvements aimed at increasing membership levels and enhancing the club’s position within the visitor market. Remaining funds will be invested to deliver long-term returns.

Membership numbers have already shown encouraging growth, increasing by 51 members as of 27 November 2025 compared with the previous year. As a result, the club anticipates higher subscription income in the 2025–26 financial year.

The trustees remain highly confident in the long-term security and sustainability of the golf club.

Connected Organisations

The charitable company was established to take over the running of the Moor Allerton Golf Club from the existing Moor Allerton Golf Club Limited (MAGC) which it did on 1 April 2016. MAGC is not a charity but had been operating on a not-for-profit basis, and its 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 peppercorn rent to the Charity and gifted various assets and liabilities relating to golfing activities to the charitable company. MAGC continues to undertake non-charitable activities, such as managing catering, functions and events which are nonancillary to the charitable company’s purposes and it is intended that it will gift any profits to the charitable company.

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Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Trustees’ Report

Statement of Trustees’ Responsibilities

The trustees are responsible for preparing the trustees’ report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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 expenditure of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the charitable company (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charitable company’s and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of disclosure of information to auditors

In accordance with company law, as the charitable company’s directors, we certify that:

Approved by the trustees on ……………………………….. 2025 and signed on their behalf by:

Kath Morrison Signed on 10 December 2025 @ 09:44

…………………………………. Dr K Morrison Trustee

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Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Independent Auditor’s Report to the trustees of Moor Allerton Golf Club (Leeds)

Opinion

We have audited the financial statements of Moor Allerton Golf Club (Leeds) (the ‘charity’) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, Balance Sheet, Cash Flow Statement and Notes to 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 Charities SORP – FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and applicable law (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have conducted that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections to this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the trustees report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Independent Auditor’s Report to the trustees of Moor Allerton Golf Club (Leeds)

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report.

We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees’ Responsibilities (set out in the trustees report), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed auditors under the Companies Act 2006 and report in accordance with this act.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Independent Auditor’s Report to the trustees of Moor Allerton Golf Club (Leeds)

Capability of the audit in detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, 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 2019). In addition, we have considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the charity’s ability to operate or to avoid a material penalty. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through collusion.

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 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable parent company and the charitable parent company’s members, as a body, for our audit work, for this report, or for the opinions we have formed.

Countersigned on 10 December 2025 @ 09:47

Nicola Taylor BA Hons FCA (Senior Statutory Auditor) For and on behalf of Brown Butler Chartered Accountants and Statutory Auditor Leigh House 28-32 St Paul’s Street Leeds LS1 2JT

Date:

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Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Statement of Financial Activities (incorporating an Income and Expenditure Account) For the year ended 31 March 2025

Total Total
Unrestricted 2025 2024
Note £ £ £
Income from:
Donations and grants 3 32,573 32,573 46,992
Charitable activities 4 959,651 959,651 1,038,989
Other trading activities 5 19,202 19,202 46,250
────── ────── ──────
Total 1,011,426 1,011,426 1,132,231
────── ────── ──────
Expenditure on:
Raising funds 6 199,302 199,302 186,614
Charitable activities 6 993,440 993,440 906,882
Interest payable 2,011 2,011 637
────── ────── ──────
Total 1,194,753 1,194,753 1,094,133
────── ────── ──────
Net (expenditure)/income 9 (183,327) (183,327) 38,098
══════ ══════ ══════
Reconciliation of funds
Funds at 1 April 2024 193,150 193,150 155,052
Net (expenditure)/income (183,327) (183,327) 38,098
────── ────── ──────
Funds at 31 March 2025 9,823 9,823 193,150
══════ ══════ ══════

All the charitable company’s activities derive from continuing operations during the above financial years.

The notes on pages 14 to 23 form part of these financial statements.

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Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements Company Number 09679570

Balance Sheet As at 31 March 2025

2025 2024
£ £
Note
Fixed assets
Tangible assets 11 314,029 375,772
Current assets
Stocks 12 119,501 101,303
Debtors 13 26,354 64,007
Cash at bank and in hand 69,786 67,611
───── ─────
215,641 232,921
Current liabilities
Creditors – amounts falling due within one year 14 (515,414) (399,331)
───── ─────
Net current liabilities (299,773) (166,410)
───── ─────
Total assets less current liabilities 14,256 209,362
Creditors – amounts falling due after one year 15 (4,433) (16,212)
───── ─────
Net assets 9,823 193,150
═════ ═════
The funds of the Charity
Unrestricted funds 17 9,823 193,150
───── ─────
Total funds 9,823 193,150
═════ ═════

These financial statements were approved and authorised for issue by the trustees on ……………… 2025 and signed on their behalf by:-

Ian Land

Signed on 08 December 2025 @ 16:28

I Land Trustee

The notes on pages 14 to 23 form part of these financial statements.

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Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Statement of Cash Flows For the year ended 31 March 2025

2025 2024
Note £ £
Net cash flow from operating activities 21 20,336 (87,293)
Cash flow from investing activities:
Payments to acquire tangible fixed assets (4,371) (8,054)
───── ─────
Net cash flow from investing activities (4,371) (8,054)
Cash flow from financing activities:
Repayment of finance leases and hire purchase (11,779) (9,967)
Interest paid (2,011) (637)
───── ─────
Net cash flow from financing activities (13,790) (10,604)
───── ─────
Net increase/(decrease) 2,175 (105,892)
Cash at bank and in hand at 1 April 2024 67,611 173,503
───── ─────
Cash at bank and in hand at 31 March 2025 69,786 67,611
═════ ═════

The notes on pages 14 to 23 form part of these financial statements.

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Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Notes to the financial statements for the year ended 31 March 2025

1. General information

Moor Allerton Golf Club (Leeds) is a company limited by guarantee and has no share capital. The liability 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).

Its registered office and principal place of business is:-

The Club House Wike Leeds LS17 9NH

  1. Summary of significant accounting policies

2.1

Basis of preparation

The financial statements have been prepared in accordance with applicable accounting standards including FRS 102, the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 (SORP (FRS102)) and the Companies Act 2006.

The financial statement shave been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The directors are of the opinion that the charity will remain as a going concern for at least 12 months from the date of signing this report due to the continued support from the bank and it’s connected company, Moor Allerton Golf Club Limited. The presentation currency is £ sterling and the financial statements have been rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented, unless otherwise stated.

2.2 Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes.

2.3 Income recognition

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charitable company is legally entitled to the income after any performance conditions have been met, 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 notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and these require a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charitable company and it is probable that they will be fulfilled.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, they can be measured reliably and the charitable company has control over the item. Fair value is determined on the basis of the value of the gift to the charitable company. For example the amount the charitable company would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

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Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Notes to the financial statements for the year ended 31 March 2025

  1. Summary of significant accounting policies - continued

  2. 2.3 Income recognition - continued

No amount is included in the financial statements for volunteer time.

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 to the charitable company however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

Grants are recognised 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. If entitlement is not met then these amounts are deferred.

Grants received for the acquisition of fixed assets are accounted for as restricted funds. The restricted fund is reduced by the depreciation or amortisation charges made over the expected useful life of the asset concerned. 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 recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

2.5 Support costs allocation

Support costs are those costs that assist the work of the charitable company but do not directly represent charitable activities and include office costs, governance costs, and administrative payroll costs. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.

The analysis of these costs is included in note 7.

The donation of the leasehold interest on 1 April 2016, was initially measured at fair value and has subsequently been measured at amortised cost.

Other tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on tangible fixed assets on a straight line basis, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

expected useful life as follows:
Leasehold interest 4% straight line basis
Workshop machines 10% straight line basis
Sheds & pro shop 5% straight line basis
Golf course equipment 10% straight line basis
Office equipment 20% straight line basis
Shop and other equipment 20% straight line basis

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Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Notes to the financial statements for the year ended 31 March 2025

  1. Summary of significant accounting policies - continued

2.7 Impairment of fixed assets

Fixed assets are assessed at each reporting date to determine whether there is any indication that the assets are impaired. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared to its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised in the statement of financial activities. The reversal of an impairment loss is recognised immediately in the SOFA.

2.8 Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method, less any impairment.

2.9 Creditors

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method.

2.10 Leases

Fixed assets acquired under finance leases and hire purchase agreements are included in the balance sheet at cost and an appropriate provision made for depreciation. The outstanding liabilities under such agreements less interest not yet due are included in creditors. Interest attributable to each period is charged to the SOFA.

Operating lease rentals are charged to the SOFA account as incurred.

2.11 Taxation

The charitable company considers that it meets the definition of a charitable 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 contribution pension scheme. The pension costs charged to the SOFA are the contributions payable in respect of the accounting period.

2.13 Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for a period of at least 12 months from authorising these accounts. The budgeted income and expenditure is sufficient with the level of reserves for the charitable company to be able to continue as a going concern.

2.14 Critical accounting estimates and assumption

The charitable company makes estimates and assumptions concerning the future and the resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The main area of estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year relate to the estimates used in valuing the leasehold interest, which, as explained in note 11, was professionally valued on behalf of the charitable company.

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Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Notes to the financial statements for the year ended 31 March 2025

3. Donations and grants
Total Total
Unrestricted 2025 2024
£ £ £
Donations 32,573 32,573 46,992
═════ ═════ ═════
4. Charitable activities
Total Total
Unrestricted 2025 2024
£ £ £
Golfing activities 959,651 959,651 1,038,989
══════ ══════ ══════
5. Other trading activities
Total Total
Unrestricted 2025 2024
£ £ £
Tournaments and competitions 5,600 5,600 6,138
Advertising and sponsorship 4,427 4,427 14,467
Sundry income 3,013 3,013 13,212
Food sales 6,162 6,162 12,433
───── ───── ─────
19,202 19,202 46,250
═════ ═════ ═════
6. Expenditure
Direct Support Total Total
costs costs 2025 2024
Costs of raising funds £ £ £ £
Raising funds 192,118 7,184 199,302 186,614
═════ ═════ ═════ ═════
Expenditure for the year ended 31 March 2024 was £186,614, of which £179,293 was attributable
to to direct costs and £7,321 was attributable to support costs.
Charitable activities
Golfing activities 856,273 137,168 993,441 906,882
═════ ═════ ═════ ═════

Expenditure for the year ended 31 March 2024 was £906,882, of which £761,501 was attributable to direct costs and £145,381 was attributable to support costs.

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Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Notes to the financial statements for the year ended 31 March 2025

  1. Support cost allocation
Support cost allocation
Raising Golfing Total Total
Note funds activities 2025 2024
£ £ £ £
Salaries and wages 3,653 69,415 73,068 69,994
Establishment costs 465 8,830 9,295 7,049
Computer expenses 773 14,691 15,464 14,745
House sundries 499 9,472 9,971 10,825
Telephone, stationery and
subscriptions 804 15,273 16,077 14,387
Legal fees - - - 13
Governance 8 990 19,487 20,477 35,689
───── ───── ───── ─────
7,184 137,168 144,352 152,702
═════ ═════ ═════ ═════

Expenditure for the year ended 31 March 2024 was £152,702 of which £7,321 was attributable to raising funds and £145,381 was attributable to golfing activities.

The above support costs are allocated on a “time spent” basis.

8. Governance costs
2025 2024
£ £
Auditor’s remuneration 6,300 6,000
Management accountant’s fees 13,504 23,419
Professional fees 673 6,270
───── ─────
20,477 35,689
═════ ═════

18

Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Notes to the financial statements for the year ended 31 March 2025

9. Net income/ (expenditure)
Net income/ (expenditure) is stated after charging:
2025 2024
£ £
Depreciation 64,684 64,469
Machine hire and leasing 14,435 14,435
Auditor’s remuneration 6,300 6,000
═════ ═════
10. Staff costs and numbers
2025 2024
£ £
Salaries and wages 393,353 373,081
Social security costs 30,612 29,855
Pension contributions 8,259 7,853
───── ─────
432,224 410,789
═════ ═════

No employees were paid in excess of £60,000.

No remuneration was paid during the year to any trustee, nor were there any expenses reimbursed to them.

The average number of employees during the year, analysed by function, was:

Number of employees 2025 2024
Golfing activities 9 9
Support costs 6 6
───── ─────
15 15
═════ ═════

19

Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Notes to the financial statements for the year ended 31 March 2025

  1. Tangible fixed assets
Sheds Golf Shop
Leasehold Workshop and course Office and other
interest machines pro shop equipment equipment equipment Total
£ £ £ £ £ £ £
Cost/valuation
At 1 April 2024 250,000 534 35,928 445,785 14,741 29,410 776,398
Additions - - - 2,420 1,951 - 4,371
Disposals - - - - (3,906) (4,481) (8,387)
───── ───── ───── ───── ───── ───── ─────
At 31 March 2025 250,000 534 35,928 448,205 12,786 24,929 772,382
───── ───── ───── ───── ───── ───── ─────
Depreciation
At 1 April 2024 80,000 428 9,561 291,966 9,594 9,077 400,626
Charge for year 10,000 53 1,796 44,736 2,216 5,882 64,683
Eliminated on - - - - (3,211) (3,745) (6,956)
disposal
───── ───── ───── ───── ───── ───── ─────
At 31 March 2025 90,000 481 11,357 336,702 8,599 11,214 458,353
───── ───── ───── ───── ───── ───── ─────
Net book value
At 31 March 2024 170,000 106 26,367 153,819 5,147 20,333 375,772
═════ ═════ ═════ ════ ═════ ════ ═════
At 31 March 2025 160,000 53 24,571 111,503 4,187 13,715 314,029
═════ ═════ ═════ ═════ ═════ ════ ═════

The tangible fixed assets have been pledged as security for liabilities of the charitable company.

The leasehold interest was granted on 1 April 2016 for a period of 25 years at a peppercorn rent. Given that it formed part of the donation from Moor Allerton Golf Club Limited, it has no historical cost.

The leasehold interest at 1 April 2016, was professionally valued by Malcolm Stuart Property Consultants, taking account of recent transactions in the locality and current market and economic conditions.

12. Stocks
2025 2024
£ £
Stocks 119,501 101,303
═════ ═════

The stocks have been pledged as security for liabilities of the charitable company.

20

Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Notes to the financial statements for the year ended 31 March 2025

13. Debtors
2025 2024
£ £
Trade debtors 2,368 -
Other debtors - 38,366
Prepayments 23,986 25,641
───── ─────
26,354 64,007
═════ ═════

The debtors have been pledged as security for liabilities of the charitable company.

14. Creditors
2025 2024
£ £
Amounts falling due within one year:
Obligations under finance lease and hire purchase 11,089 11,089
Trade creditors 29,798 63,272
Other creditors 100,709 99,519
Social security and other taxes 9,357 12,221
Amounts owed to company 128,448 -
VAT 1,318 -
Accruals and deferred income 234,695 213,230
───── ─────
515,414 399,331
═════ ═════
Deferred income
2025 2024
£ £
Deferred income at 1 April 2023 177,064 227,657
Amounts deferred in current year 200,282 177,065
Amounts released from previous year (177,065) (227,657)
───── ─────
Deferred income at 31 March 2025 200,281 177,064
═════ ═════

Deferred income relates to subscriptions and donations received in the current year which relate to the following year.

15. Creditors – amounts falling due after one year:
2025 2024
£ £
Finance lease and hire purchase creditors 4,433 16,212
═════ ═════
  1. Security

Finance lease and hire purchase liabilities totalling £15,522 (2024: £27,301) are secured by the assets to which they relate, which have a carrying value of £44,266 (2024: £51,161).

21

Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Notes to the financial statements for the year ended 31 March 2025

17. Unrestricted funds

Unrestricted funds
Balance Incoming Outgoing Balance
01.04.2024 funds funds 31.03.2025
£ £ £ £
General funds 193,150 1,011,426 (1,194,753) 9,823
═════ ═════ ══════ ═════
Balance Incoming Outgoing Balance
01.04.2023 funds funds 31.03.2024
£ £ £ £
General funds 155,052 1,132,231 (1,094,133) 193,150
═════ ═════ ══════ ═════

18. Leasing commitments

Total leasing commitments which are not included in the balance sheet are set out below:

Operating leases

The total of future minimum operating lease payments is as follows:

2025 2024
£ £
Within one year 49,776 51,886
Between one and five years 72,261 124,147
───── ─────
122,037 176,033
═════ ═════

19. Related party transactions

The value of related party transactions are recorded in the table below.

Board Member Organisation Transaction type 2025
(£)		 2024
(£)
Ian Land N/A Membership Fees 1,865 1,765
Dr Kathleen Morrison N/A Membership Fees 100 496
Aaron Selman N/A Membership Fees 1,575 1,575
David Share N/A Membership Fees 1,765 1,765
David Feldman N/A Membership Fees 1,765 1,765
Mark Manning (resigned) N/A Membership Fees 1,765 1,765
Michael Woodhead N/A Membership Fees 1,575 1,575
Ian Land Levi’s Solicitors Buggy Hire 22 -
David Share Share Jewellers Membership Fees 8,171 8,171
David Share Share Jewellers Engraving Services (1,349) (995)

22

Moor Allerton Golf Club (Leeds) Annual Report and Financial Statements

Notes to the financial statements for the year ended 31 March 2025

20. Corporation tax

The company is a registered charity and is exempt from income tax and corporation tax.

21. Reconciliation of net expenditure to net cash flow from operating activities

2025 2024
£ £
Net income/ (expenditure) for the year (183,327) 38,098
Interest paid 2,011 637
Loss on disposal of fixed asset 1,431 59
Depreciation charges 64,683 64,469
(Increase) in stock (18,198) (94,220)
Decrease/(increase) in debtors 37,653 (27,981)
Increase/(decrease) in creditors 116,083 (68,296)
───── ─────
Net cash flow from operating activities 20,336 (87,234)
═════ ═════
  1. Analysis of changes in net debt
Analysis of changes in net debt
As at Cash As at
1 April 2024 flows 31 March 2025
£ £ £
Lease liabilities 27,301 (11,779) 15,522
Cash at bank and in hand
Cash at bank (66,651) (2,218) (68,869)
Cash in hand (960) 43 (917)
───── ───── ─────
Total net debt (40,310) (13,954) (54,264)
═════ ═════ ═════

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