Charlty number.. 1179513
GET GOLFING CIO
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
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|||||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|
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|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||||
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||||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|
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||||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|
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|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||||||
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||||||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||
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||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|
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|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|
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|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2020f|2020
6|2019f|
|22,467|22,467||
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|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|
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|||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|
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||||||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|
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|||||||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.|
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||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|
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||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|
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|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||
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||||||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|
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|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|
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||||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|
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||||||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|
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|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|
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||||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|
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||||||||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|
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|||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|
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|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|
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