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2020-12-31-accounts

Charlty number.. 1179513 GET GOLFING CIO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Page
Reference and administrative details ofthe Charity, its Trustees and advisers
Trustees' report 2-5
Independent auditors' report on the financial statements 6-9
Consolidated statement offinancial activities 10
Consolidated balance sheet
Charity balance sheet 12
Consolidated statement ofcash flows 13
Notes tothe financial statements 14-31

Trustees Mr J Covey
Mr S Pilbeam
Mr
I Timberlake
Charity registered
number 1179513
Principal 08ice Henwood
House
Henwood
Ashford
Kent
TN24 8DH
Independent auditors Magee Gammon Corporate Limited
Chartered
Accountants		 & Statutory Auditors
Henwood
House
Henwood
Ashford
Kent
TN24 8DH
Bankers Metro Bank pic
10Week Street
Maid stone
Kent
ME14 1RN

Unrestricted Total Total
funds funds funds
2020 2020 2019
Note
Income from:
COVID-19 grants 419,725 419,725
Charitable
activities		 5,041,261 5,041,261 1,078,912
Other trading
activities		 1,083,219 1,083,219 613,248
Other income 22,467 22,467
Total income 6,566,672 6,566,672 1,692,160
Expenditure
on:
Raising funds 1,047,838 1,047,838 638,312
Charitable
activities		 7 4,897,057 4,897,057 1,011,942
Total expenditure 5,944,895 5,944,895 1,550,254
Net movement
in funds before other recognised
gains 621,777 621,777 41,906
Other recognised gains:
Gains on revaluation offixed assets 443,005 443,005
Net movement
in funds		 1,064,782 1,064,782 41,906
Reconciliation
offunds:
Total funds brought forward 41,906 41,906
Net movement
in funds		 1,064,782 1,064,782 41,906
Total funds carried forward 1,106,688 1,106,688 41,906

CHARITY BALANCE SHEET CHARITY BALANCE SHEET
AS AT 31 DECEMBER 2020
Note 2020 2019f
Fixed assets
Tangible assets 12 982,803 104,512
Investments 13 3 1
982,806 104,513
Current assets
Stocks 15 71,155 21,861
Debtors 16 631,860 29,204
Cash at bank and in hand 993,580 96,797
1,696,595 147,862
Creditors: amounts falling due within one
year 17 (1,785,365) (148,141)
Net current assets Iliabilities (88,770) (279)
Total assets less current liabilities 894,036 104,234
Creditors: amounts falling due after more
than one year 18 (60,808) (37,264)
Total net assets 833,228 66,970
Charity funds
Unrestricted
funds
General funds 20 390,223 66,970
Revaluation
reserve		 443,005
Total unrestricted funds 20 833,228 66,970
Total funds 833,228 66,970

FOR T HE YEAR ENDED 31 DECEMB ER 2020
Note 2020
F		 2019f
Cash flows from operating
activities
Net cash provided
by operating
activities		 22 1,513,021 244,375
Cash flows from investing
activities
Proceeds from the sale oftangible fixed assets 15,694
Purchase
oftangible
fixed assets		 (572,882) (142,245)
Net cash used
in investing
activities		 (557,188) (142,246)
Cash flows from financing
activities
New finance leases 171,873
Repayments
offinance leases		 (46,109)
Net cash provided
by financing
activities		 125,764
Change
in cash and cash equivalents		 in the year 1,081,597 102,129
Cash and cash equivalents
at the beginning		 ofthe year 'l02,129
Cash and cash equivalents
at the end		 of the year 23 1,183,726 102,129
The notes on pages 14to 31 form part ofthese financial statements

Unrestricted Total Total
funds funds funds
2020
E		 2020f 2019
Coronavirus job retention scheme grants 379,955 379,955
Coronavirus business support grants 39,770 39,770
Total 2020 419,725 419,725

Unrestricted Total
funds funds
2020 2020
6
Golf operations 5,000,654 5,000,654
Rental income 40,607 40,607
Total 2020 5,041,261 5,041,261
Unrestricted Total
funds funds
2019 2019
5
Golf operations 1,058,407 1,068,407
Rental income 10,505 10,505
Total 2019 1,078,912 1,078,912

Unrestricted Total
funds funds
2020 2020
6 6
1,083,219 1,083,219
Unrestricted Total
funds funds
2019
5		 2019f
613,248 613,248

Unrestricted Total Total
funds funds funds
2020f 2020
6		 2019f
22,467 22,467

Unrestricted Total
funds funds
2020f 2020
f.
4,897,057 4,897,057
Unrestricted Total
funds funds
2019f 2019f'
1,011,942 1,011,942

Activities
undertaken Support Total
directly costs funds
2020 2020 2020
E E
Golf operations 3,111,468 1,785,590 4,897,058
Activities
undertaken Support Total
directly costs funds
2019f 2019f 2019f
Golf operations 519,501 492,441 1,011,942
Analysis of support costs
Golf Total
operations funds
2020 2020
E E
Support costs 1,775,590 1,775,590
Governance costs 10,000 10,000
Total 2020 1,785,590 1,785,590
Golt Total
operations funds
2019 2019f
Support costs 462,464 462,464
Governance costs 9,977 9,977
Total 2019 492441 492441

2020f 2019
6
Fees payable to the Charity's auditor for the audit ofthe Charity's annual
accounts 15,000 10,000
Fees payable to the Charity's auditor in respect of:
All non-audit services not included
above		 47,101 35,473

Group Group Charity Charity
2020 2019 2020 2019
Wages and salaries 2,430,206 566,309 1,980,153 306,610
Social security costs 159,456 40,531 121,552 23,953
Contribution to defined contribution pension
schemes 18,331 7,676 14,046 5,243
2,607,993 614,516 2,115,751 335,606
The average number of persons employed by the Charity during the year was as follows:
Group Group Charity Charity
2020 2019 2020 2019
No. No. No. No.
Employees 112 32 58
Unpaid trustees 3 3
115 35 58
The
number		 of employees whose employee benefits
(excluding		 employer pension
costs)		 exceeded
660,000was:
Group Group
2020 2019
No. No.

Short-term
leasehold Plant and Motor Office
property equipment vehicles equipment Total
5 F
Cost or valuation
At 1 January 2020 49,181 87,638 3,066 2,361 142,246
Additions 3,958 508,670 49,735 10,519 572,882
Disposals (5,695) (10,000) (15,695)
Revaluations 443,005 443,005
At 31 December 2020 53,139 1,033,618 42,801 12,880 1,142,438
Depreciation
At 1 January 2020 5,163 18,767 511 295 24,736
Charge for the year 10,234 119,004 4,705 956 134,899
At 31 December 2020 15,397 137,771 5,216 1,251 159,535
Net book value
At 31 December 2020 37,742 895,847 37,585 11,629 982,803
At 31December 2019 44,018 68,871 2,555 2066 117,510

Short-term
leasehold Plant and Motor Office
property equipment vehicles equipment Total
E 5 K E E
Cost or valuation
At 1 January 2020 49,181 72„279 3,066 2,361 126,887
Additions 3,958 508,670 49,735 10,519 572,882
Transfers
intra group		 15,359 15,359
Disposals (5,695) (10,000) (15,695)
Revaluations 443,005 443,005
At 31 December 2020 53,139 1,033,618 42,801 12,880 1,142,438
Depreciation
At 1 January 2020 5,163 16,406 511 295 22„375
Charge for the year 10,234 119,004 4,705 956 134,899
Transfers
intra group		 2,361 2,361
At 31 December 2020 15,397 137,771 5,216 1,251 159,635
Net book value
At 31 December 2020 37,742 895,847 37,585 11,629 982,803
At 31December 2019 44,018 55,873 2,555 2,066 104,512

The following were s ubsidiary
und		 ertakings
of		 the Charity:
Names Company Registered office or Class of Holding Included in
number principal
place of		 shares consolidation
business
Get Golfing Trading 11558440 Redlibbets Golf Club, Ordinary 100% Yes
Limited West Yoke, Sevenoaks
TN15 7HT
Get Golfing Retail 12985275 Redlibbets Golf Club, Ordinary 100% Yes
Limited West Yoke, Sevenoaks
TN15 7HT
Buckfield Park 04027302 Pine Ridge Golf Club Old Ordinary 100% Yes
Limited Bisley Road, Frimley,
Camberley, Surrey, GU15
9NX
The financial results ofthe subsidiadies
for the		 year were:
Names Income Expendituref Profit/
(Loss) for		 Net assets
E
the periodf
Get Golfing Trading Limited 1,234,431 (935,908) 298,523 273,462
Get Golfing Retail Limited 1
Buckfield Park Limited 1
Parent charity
2020f 2019f
Gross income 5,778,509 1,078,912
Results for the year 766,258 55,970
6,544,767 1,145,882

Group Group Charity Charity
2020f 2019 2020
6		 2019
Finished goods and goods for resale 113,080 28,723 71,155 21,861
16. Debtors
Group Group Charity Charity
2020 2019f 2020 2019
5
Due within one year
Trade debtors 11,107 1,845 11,107 1,845
Other debtors 311„410 3,638 303,082 3,525
Prepayments and accrued income 317,674 27,862 317,671 23,833
640,191 33,345 631,860 29,204
17. Creditors: Amounts falling due within one year
Group Group Charity Charity
2020 2019 2020 2019
6 5 6
Trade creditors 213,094 44,854 187„790 24,104
Amounts
owed		 to group undertakings 410,766 13,834
Other taxation and social security 75,078 21,980 54,357 7,567
Obligations
under finance lease and hire
purchase
contracts		 89,278 89,278
Other creditors 299,561 40,260 74,879 19,057
Accruals and deferred income 1,075,293 95,443 968,295 83,579
1,762,304 202,537 1,785,365 148,141

Creditor s: Amount s falling due within one year (continued)
Group Gmup Charity Charity
2020 2019 2020 2019
5 5
Group Group Charity Charity
2020 2019 2020 2019
E E E E
Deferred income at 1 January 2020 52,946 52,946
Resources deferred during the year 582,809 52,946 582,809 52,946
Amounts released from previous periods (52,946) (52,946)
582,809 52,946 582,809 52,946

Group Group Charity Charity
2020 2019 2020 2019
5 5 5 5
Net obligations under finance lease and hire
purchase contracts 36,696 36,696
Other creditors 24,112 37,264 24,112 37,264
60,808 37,264 60,808 37,264

Group Group Charity Charity
2020f 2019 2020
5		 2019f
Financial assets
Financial assets measured at fair value
through
income and expenditure		 1,598,551 107,613 1,398,207 102,167
Group Group Charity Charity
2020
K		 2019
f		 2020
F		 2019
f
Financial liabilities
Other financial
liabilities		 measured at fair
value through
income and		 expenditure 1,002,481 163,425 740,533 111,057

Statement offunds - curr ent year
Balance at
Balance at 1 31
January Gains/ December
2020 Income Expenditure (Losses) 2020
E
Unrestricted funds
General Funds 41,906 6,566„672 (5,944,895) 663,683
Revaluation reserve 443,005 443,005
41,905 6,566,672 (5,944,895) 443,005 1,106,688
Statement o ffunds - prior year
Balance at
31
December
Income
B		 Expenditure f 2019
E
Unrestricted funds
General Funds 1,592150 (1,650,254) 41,905

Unrestricted Total
funds funds
2020 2020
Tangible fixed assets 982,803 982,803
Current assets 1,936,997 1,936,997
Creditors due within one year (1,752,304) (1,752,304)
Creditors due in more than one year (60,808) (60,808)
Total 1,106,688 1,106,688

Unrestricted Total
funds funds
2019 2019f
Tangible fixed assets 117,510 117,510
Current assets 164,197 154,197
Creditors due within one year (202,537) (202,537)
Creditors due in more than one year (37,264) (37,254)
Total 41,906 41,906
22. Reconciliation ofnet movement in funds to net cash flow from operating activities
Group Group
2020
5		 2019f
Net income for the period (as per Statement ofFinancial Activities) 621,777 41,905
Adjustments for:
Depreciation
charges		 134,899 24,735
Increase in stocks (84,357) (28,723)
Increase in debtors (606,845) (33,345)
Increase in creditors 1,447,547 239,801
Net cash provided by operating activities 1,513,021 244,375
23. Analysis ofcash and cash equivalents
Group Group
2020 2019f
Cash
in hand		 1,183,726 102,129
Total cash and cash equivalents 1„183,726 102,129

At 1 Other non- At 31
January New finance cash December
2020 Cash flows leases changes 2020
5 6 6 5
Cash at bank and in hand 102,129 909,724 171,873 1,183,726
Finance leases (125,764) (210) (125„974)
102,129 909,724 46,109 (210) 1,057,752

payments und er non-cancellable
operating
lea		 ses as follows:
Group Group Charity Charity
2020 2019 2020 2019
6 5 6 5
Not later than 1 year 922,415 16,500 922,415 16,500
Later than 1 year and not later than 5years 3,573,160 66,000 3,573,160 66,000
I ater than 5years 21,780,304 21,780,304
26,275,879 82,500 26,275,879 82,500