Golf b Asso Charlty Reglstratlon Number 1168738 of the Tr Fin stees a Period Of Accounts Start Date.. End Date . 1st May 2023 31st March 2024 (11 Month$l
Alton Golf Club Assoclatlon Chari Re Istratlon Number 1166738 Contents of the Financial Statements for the period onded 31st March 2024 (11 Months} Report of the Tfuslees Page Independent Examiners report Statement of Financial Actlvfties Balance Sheet Not8$ lo the Financial Sta19ments Detailed Statem8nl 10
Alton Golf Club Association Char istration N mb r 1166738 Prfnclpal Address Old Odiham R08d Alton Hampshire GU34 4BU Trustoes Anthony Ransley- President Jeremy Neate- Treasurer Maftin Bentley-secietary Sally Matthews John Wllson Anthony Gayles Davld V8sey Gary Hadrell Steven Mellor Graham Bishton Geoff Brown Wllllam Mcwilliam Robert Dick50n David Palmer Independent Examlner Graham Pullen Accountant Winnersh Headley Down Bordon Hampshlre GU35 8JQ Page 1
Alton Goff Club Assoclatlon Chari Re Istration Number 1166738 Trustees Report 31st March 2024111 Months) for the pwiod onded FINANCIAL Stat8ments The Trustees present their report of the unautlited financial stalemÉnts of the Charity for tl)e period ended 31st March 2024111 Months) Structure Govgmance & Management Goveming Document The Charity is controlled by governing doGumenl, th8 ¢onstilution of Alton Golf Club Association and its unineorporated eharily Rgcruitm•nt & Appointment ol N•w Trusts89 New Trustee appointments ar& made at the AGM Rhk Managem•nt The Trustees have a duty lo identfy and revi8w nsks to whiGh the charfty is 8XPOS8d and to ensure 8ppropriate controls 8re in place too prOVe re8son4ble assurance against fraud and error Objgctiv88 & Aims Alton Golf Club Assoclation promo18s golf in the AFton area wf(h a policy of all ar8 welcome. We build a community splrit through fair and enjoyable compelrtion8. Our members ar8 activefy encouraged lo partake in course and club house maintenance. These activitie5 promote team building and social responsibility and help bLtild the elub. Achlavèmènt & Pgrformanco ChaTilabl8 activlli8s durlng the year the chartty offered freo golf to 4 over 80 golfers and reduced the price for over 80 guests to £1 per round. We also supported several jtsnior golters during the year. In addltion to the young players, 33% of members arè 65 and over, some would not be able to Continue playin8 golf if the Alton Golf club facility did not exist. The total number of people holdin8 some form of membershlp in 2023-23 is in excess of 260 The seniors of the Club lovei 50,$1 make vp more than 75% of the overall membership of the club. Page 2
Alton Golf Club Association Chari istration N mber 1186738 Trustg8s Report for the perlod ended 31st March 2024111 Months) FINANCIAL REVIEW Reserves Pollcy At the end of the 2024 year end Imarchl the charity has É36.000 in a member3 fund bank accounts with HSBC whith is used as a reseNe. Wlth the annual Depreciation charges shown in the operating costs taken into consideration, The charity operated profitably in 202>24 The Trustees are responsible for the keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charty at that time. The Trustees are also responsible for the safegu8rding thè assets of the charity This report was approved by the committee on Sign8d Ant nsle - Preslden Page 3
ndent Examiners Re ort to the Trustees of Alton Golt Club Assoclat]on I report on the accounts for the period ending 31st March 2024111 Months) as set out on pages six to thirteen R05POCtive responsibilities of the Trust895 and examinor The Charities ITuslees are responsible for the preparation of the accounts. Thg charity's Iniglees consider that an audit is not required for this pefithd under secaion 14412} of tho Char¢ties Act 2011 and that an independent examination is requirgd. It 18 my responsibilty lo examine the accounts lunder Sectron 145 of the 2011 Acti follow the procedures lald down in the General DiTections glv8n by the Charllle¥ Commission {under section 145151 Ib) of the 2011 Act}., and to stato whether p4rtiGular matters havg coma lo my ottgnlio Basis of the Indepond8nt examlnors roport My examination wa8 Garried out in accordance wlth Ihg general dlrertlons given by th& CttarRi85 Commissloners. An gxaminatlon indude8 a revlgw of the accounting records kopt by the charity and a comparison of the 8ceounts presented with those records. 11 also indudes consideration of any unusual items or disclosures In th9 accounts and Seeking èxplanations from thfj trustees concerning any such mat19Is. The procodures undertaken do not provide all the gVKlence that would be required of 8n audit and consequently I do not express an audit opinion on the view glvan by th8 aecounls en Examlners tatome In connection with my examination, no matter has come lo my attention 11 which glvos mg reasonable Cause to bgligve that, In any material resp8Gt, the reqtslremgnl8 - lo k88p accounllng records In aorordance wlth Secllon 130 of the 2011 A¢l'. and - to prepare accounts which accord with the accounting records and to comply with the accounting requSremonls of the 2017 act. Have not beèn met or 2) to whlch. In my oplnlon. atténtion should be drawn In order lo enable a proper understanding of the accounts to be reached. Graham Pullgn Winnersh Grayshott Road Headley Down Hamps GU35 8JQ 2310412024 Page 4
Alton Golf Cl Associatio iled stat For the Ye endin ent of Financial Activlties 31st Marc 024 11M 2024 Unrestrlcled Restricted Unrestricted Fund Fund Fund 2023 Restricted Fund Notes Incomlng Rosources Voluntsry Income Social Events Investment Income 171,375 156,771 1,646 173,021 156.771 Resources Expended Cost of Generating Voluntary Income Course Maint8nance General Professional other Depreciation of assets 14,138 66,033 73.437 7,895 4,747 23.409 189,659 5,535 63,300 27.305 7,765 13,332 13,327 130.564 10 NET INCOMING 8EFORE TRANSFERS .16,638 26,197 Gross Transfers b&tsveen FLbnds Net incomingl(oulgoingl 16 116.6381 26,197 FUNDS BOUGHT FORWARD 136,951 41,675 110,754 41.675 TOTAL FUNDS CARRIED FORWARD 120.313 41.675 136.951 41,675 Chk The notes foun part of these financial statements Page 5
Atton Golf Club A5sociatlon BALANCE SHEET ACCOUNT For tho Year endin 31st March 2024 11 Months 2024 Unrestricted Restricted Fund Fund 2023 Restricted Fund Unrestricted Fund Not•s Flxed Assets Freehold Property P&M & F&F Invesbnenls 41,675 41,675 10 11 68,921 32,456 68,921 41,675 32,456 41,675 Currgnt Assets Debtors stock Cash at Bank 12 11,020 2,205 94,169 107,394 16.285 124,537 140,802 Crgdltors: Amounts falling due wlthin 1 year 13 156,002) 136,308) Amounts falllng due 8fter 1 year 14 NET CURRENT ASSETSIILIABILITIES} 51,392 104,495 NET AsseTS 120,313 136,951 41,675 FUNDS Unrestricted Reslricled 120.313 136,951 41.675 41.675 TOTAL FUNDS 120,313 41.675 136,951 41.675 Chk The financial statements w&re approved by the Board of Trustsas and si ngd their hall by Ransley- Pr idont Dated 7 trlfvY£g4. The notes fonn part of these financial slatsments Page 6
Alton Golf Association Note5 to the Financlal Statements or the Year endin 31st 11 Mont 1 ACCOUNTING POLICIES Accountlng conventlon The Financial statements have been prepared under the historical cost eonvention with the excepbon of investments which are included at market value and in accordan with the Financial Reporting Standard for Smaller Entities leffective Apnl 20081 and the Charities act 2011 and the requirements of the slalemenl of recommended practice, accounting and reports.ng by Charities Incornlng resource¥ All Incoming resources are included on the statement of Financial actlvlues when the charlty is legally entitled to them and the amount can be quantified with reasonable accuracy. R&8ourc6s Expgndgd Expenditure is accounted for gn an accruals basis and has been classtfied under headings that aggregate all cost relalad to the category. Where eo8ls cannot be direcuy attributed to particular headings they have been allocated on a basis consistent with the use of resource. Tanglble Flxed assets Depre¢iats'on is provided at the followlng annual fates in order lo write off each asset over its estimatsd useful lrfe or, if held under a finance lease, over the lease temi, whichever 1$ shorter. Freehold Property Plant & Machinery Fixtures & Fitting5 Nil 20% on cost 33% on cost TaxatSon The Charity is exempt from tax on Its charllable actNitle3 Fund accounting Unrestricted funds Can be used In accordanr£ with the charttable oblectlves at the dlscretion of the Trustees Reslricled funds can only be used for particular $trIcted purposes within the Objectives of the charity. Restrictlons arise when speclfied by the donor or when funds are raised for particular restricted purposes Further 8xplanation of the nature and purpose of each fund ts included in the notes to the financial statements Hlre Purchases and Leasing Commltments Assets obtsined under Hire purchase contracts or finance leases are capitallsed In the Balan Sheet. Those held under Hire purchase contracts are depreciated over their estimated useful Ilves. Those held under fln8ncial Eeases are depreci8ted over thelr esllmaled useful Ilves or the lease tsm. The interest element of these obligations are charged to the statement of Financial activities on a straight line basis over the perio(4 of the lease. The notes fomi part of these flnancial statements Page 7
Alton Go f Club Association Notes to the Flnancial Statements For the Year endl 31 st March 2024 11 Months 2 Voluntary Income Membership Fees Greon Fe8S Buggy Hire Competition Entry Fees 100 Club Donations Rentsl Income F&B Golf Acc 2024 84,807 55.941 2,569 4,147 2,460 200 8,508 12.569 174 171.375 2023 82,140 49.090 3,287 4,615 2,770 14.491 377 1 $6,771 3 Soclal Evgnts 4 InvoStmont Incom• Bank Deposit Income 1.846 5 Cost of Generating Voluntary Income Competillon Prizes BRS Commission Trophies & 100 Club Fees F&B Golf 2,568 1,125 2,087 3.000 5,348 1,844 1.100 2,591 14,138 5.535 6 Coursg Malnt8nanco Green Keeplng Materials Course Fuel Pest Control Disposabl8S 20.737 23.465 6.177 300 547 26,399 15,738 3.527 940 Expendable Course equipment Repairs & renewals of P&M 1,957 12,440 65.623 9.862 3,386 59.853 G8n&ral Advertising salae8 Utilitses Cleaning Postage & Stationery Computer & IT subscripts.ons Bank Chargas 2.898 S6,347 7.200 764 190 5,182 347 529 73,437 13.233 6,747 1,315 5,257 628 124 27,305 8 Professlonal Accountancy & Legal Club House Insurances 1.920 5.975 7,895 2,375 5,390 7.765 9 Other Club House repalrs 4,747 13.332 The notes form part of these financial stataments Page 8
n Golf Club Associa Notes to the Financ al Ststements For the Year endin 31st March 11M 10 TANGIBLE FIXED ASSETS Freehold Propety 41,675 Plant & Machlnery 89.502 48.626 Fixtures & Fittings 7.445 11,248 COST At 1st May 2023 Addittons Disposal Totals 138.621 59.874 At 31 st March 2024 {11 Moi 41,675 138,128 18,693 198,495 EPRECIAT Al 1st May 2023 Charge For Year Dlsposal 57,046 22,597 7,445 812 84.490 23,409 At 31st March 2024 (11 Moi 79.642 8,256 87,899 BOOK VALUE At 1st May 2023 41,675 32.456 74,131 At 31st March 2024111 Moi 41.675 58.485 10,436 110,596 Included in cost or valuation of land and buikllng is Freghold18nd of £41675 11 FIXED ASSET INVESTMENTS None to apply MARKET VALUE At 1st May 2023 At 31st March 2024111 Months) At 1st May 2023 At 31st M8rch 2024 (11 Months) The Fixed Asset investment was fully repald by Old Odiham Services Ltd during the financial year. 12 DEBTORS Trade Debtors 2024 1,000 2023 501 Intercompany- From OOS Lld Prepayments & Acuued Income 03 10.823 11.020 4,347 11,418 16,265 Page g
Alton Golf Club AsSocIaon Notes to the Financlal Statements For the Year endln 31st March 2024 11 Months 13 CREDITORS .. Amounts Falllng dua within One Year Trade Creditors Other Creditors Accruals- Amount set asSe for Course improvements 2024 1,929 30.073 24,000 56.002 2023 3,897 7,811 24,600 36.308 14 CREDITORS .. Amounts Falllng du• aftgr One Yoar None lo apply 15 OPERATING LEASE COMMITMENTS None lo Apply 16 SECURED DEBTS The followlng D8bts are included wlthin Creditors 17 Incoma Offlce Rentsl and Food and Beverage Income15 from January to March . Green Fees still sh¢)w an upward trend desplte the Inclem8nl weather since the Stsrt of the Naw year. 18 MOVEMENT IN FUNDS Net Balanca at 3014124 At 30104123 Translers Unrestrlct8d Funds General Fund 136,951 {16.228) 120,723 Rostrlctad Fund Land Raserve 41,675 41,675 TOTAL FUNDS 178,626 16,228 162.398 Nel Movements in funds incILed in above are as follows Unrestrlctad Funds General Fund Incoming Resourc8s resources expended 173,021 1189,249) Movement In Funds 116,228) Restrlcted Fund Land Reserve TOTAL FUNDS 173,021 189,249 16,228 RELATED PARTY DISCLOSURES No transactions with r818ted path.gs were undgrtaken such as aro r•qulred lo be dis¢loséd under the Financial Reporting Standard for smaller entitles The notss fomi part of thes8 fi'nancial statements Page 10
n Golf Club Association Detailed stst ment of Fi ancial Activhties OT the Year endin 31st Marc 024 11 nths 2024 2023 INCOME Membership Fees Green Fees Buggy Hire Competltion Entry Fees 100 Club Donations Bungalow& office Rent Food & Bev Golf Acc & supppli8S Bank Interest TOTAL INCOME COSTS Competition Prizes 100 Club BRS Commission Trophies HGA Fee8 Food & Bev Golf A¢¢ 84,807 55.941 2.569 4,147 2,460 200 8,508 12,569 174 82,140 49,09) 3,287 4,615 2,770 14.491 377 173.021 156,771 2,588 1,300 1.125 787 3,000 5,346 11 1,844 1,589 1,100 1,002 14,138 158,883 5,535 151,238 GROSS INCOME OPERATING COSTS Green Keeping Course Materials Course Fuel Dlsposables Post Control Expenable Course Equlp Machinery Repairs Advertising Salaries Rent & Rates Light & Heat Water Refuse & cleaning P05tage & Stationery Computer & IT Accountancy & Legal Club House Insurances Member & Guest Insumace Subscriptions Bank Charges Club House repalrs Buggy Costs Depn Depr P&M & F&F 20,737 23,465 6,177 547 300 1,957 12,440 2,898 56,347 216 5,681 1,303 764 26,399 15.738 3,527 940 9,862 3,386 13,233 672 5,479 596 1,315 5,257 2.375 4,789 601 628 124 13.332 3.457 10.553 5,162 1.920 5,200 775 347 529 4,747 3,337 20,072 175.111 122.265 NET INCOME 116,228 28,971 This Page does not foTh part of the stslutory financial statements Pag811