2021-12-31-accounts - Get Golfing CIO

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Charfty number: 1179513 GET GOLFING CIO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

				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			14-33

	FOR T	HE YEA	R ENDED 31 DE	CEMBER 2021
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2021	2021	2021	2020
		Note
Income from:
COVID-19grants			837,163	8,300	845,463	419,725
Charitable activities			7,951,796		7,951,796	5,041,261
Other trading activities			3,438,330		3,438,330	1,083,219
Other income			17,079		17,079	22,467
Total income			12,244,368	8,300	12,252,668	6,566,672
Expenditure on:
Raising funds			3,320,936		3,320,936	1,047,838
Charitable activities		7	9,082,016	8,300	9,090,316	4,897,057
Total expenditure			12,402,952	8,300	12,411,252	5,944,895
Net movement in funds before other
recognised gains			(158,584)		(158,584)	621,777
Other recognised	gains:
Gains on revaluation	offixed assets					443,005
Net movement in funds			(158,584)		(158,584)	1,064,782
Reconciliation offunds:
Total funds brought	forward		1,106,688		1,106,688	41,906
Net movement in funds			(158,584)		(158,584)	1,064,782
Total funds carried	forward		948,104		948,104	1,106,688

				CONSOLIDATED	BALANCE SHEET
				AS AT 31 DECEMBER 2021
					2021		2020
				Note	6		6
Fixed assets
Intangible assets				12	132,500
Tangible assets				13	1,560,786		982,803
					1,693,286		982,803
Current assets
Stocks				16	293,801	113,080
Debtors				17	1,837,979	640,191
Cash at bank and	in hand				1,116,508	1,183,726
					3,248,288	1,936,997
Creditors: amounts		falling	due within	one
year				18	(3,833,047)	(1,752,304)
Net current liabilities Iassets					(584,759)		184,693
Total assets less	current		liabilities		1,108,527		1,167,496
Creditors: amounts		falling	due after	more
than one year				19	(160,423)		(6o,eos)
Total net assets					948,104		1,106,688
Charity funds
Restricted funds				21
Unrestricted funds
General funds				21	751,118	663,683
Revaluation reserve					196,986	443,005
Total unrestricted	funds			21	948,104		1,106,688
Total funds					948,104		1,106,688

				CHARITY BALANCE SHEET	CHARITY BALANCE SHEET
				AS AT 31	DECEMBER 2021
						2021		2020
				Note		6		rr
Fixed assets
Intangible assets				12		132,500
Tangible assets				13		1,560,786		982,803
Investments				14		2		3
						1,693,288		982,805
Current assets
Stocks				16	91,933		71,155
Debtors				17	1,854,931		631,860
Cash at bank and		in hand			1,045,228		993,580
					2,992,092		1,696,595
Creditors: amounts		falling	due within one
year				18	(3,948,577)		(1,785,365)
Net current assets Iliabilities						(956,485)		(88,770)
Total assets less		current	liabilities			736,803		894,036
Creditors: amounts		falling	due after more
than one year				19		(160,423)		(60,808)
Total net assets						576,380		833,228
Charity funds
Unrestricted funds
General funds				21	133,375		390,223
General funds - analysed			1	21	443,005		443,005
Total unrestricted	funds			21		576,380		833,228
Total funds						576,380		833,228

CONSOLIDATED	CONSOLIDATED	CONSOLIDATED	STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS
FOR THE		YEAR ENDED 31 DECEMBER 2021
					2021	2020
				Note	6
Cash flows from operating activities
Net cash provided by operating activities				23	73,624	1,513,021
Cash flows from investing activities
Dividends, interests and rents from investments					273,461
Proceeds from the sale oftangible fixed	assets				758,751	15,694
Purchase ofintangible assets					(150,000)
Purchase oftangible fixed assets					(1,135,177)	(572,882)
Net cash used in investing activities					(252,965)	(557,188)
Cash flows from financing activities
New finance leases					229,811	171,873
Repayments offinance leases					(117,693)	(46,109)
Net cash provided by financing activities					112,118	125,764
Change in cash and cash equivalents	in	the	year		(67,223)	1,081,597
Cash and cash equivalents at the beginning		ofthe year			1,183,726	102,129
Cash and cash equivalents at the end	of	the	year	24	1,116,503	1,183,726
The notes on pages 14to 33form part ofthese			financial statements


iation	is provided on	the following bases:
Short-term leasehold		property	- Over the term	ofthe lease
Plant	and machinery		- 20%straight	line basis
Motor	vehicles		- 20% straight	line basis
Fixtures and fittings			- 20% straight	line basis
Office	equipment		- 20% straight	line basis

					Unrestricted	Restricted	Total
					funds	funds	funds
					2021	2021	2021
					6	6	6
Coronavirus	job retention		scheme grants		553,170		553,170
Coronavirus	business	support		grants	283,993		283I993
Charitable	grants					8,300	8,300
Total 2021					837,163	8,300	845,463
						Unrestricted	Total
						funds	funds
						2020	2020
						6
Coronavirus	job retention		scheme grants			379,955	379,955
Coronavirus	business	support		grants		39,770	39,770
Total 2020						419,725	419,725
Income from charitable			activities
						Unrestricted	Total
						funds	funds
						2021	2021
Golf operations						7,923,844	7,923,844
Rental income						27,952	27,952
Total 2021						7,951,796	7,951,796
						Unrestricted	Total
						funds	funds
						2020	2020
						6	6
Golf operations						5,000,654	5,000,654
Rental income						40,607	40,607
Total 2020						5,041,261	5,041,261

	FO	R THE YEAR ENDED 31 DECE	MBER 2021
5.	Income from other trading	activities
	Income from non charitable	trading activities
			Unrestricted	Total
			funds	funds
			2021	2021
	Sales		3,438,330	3,438,330
			Unrestricted	Total
			funds	funds
			2020	2020f
	Sales		1,083,219	1,083,219
6.	Other incoming resources
			Unrestricted	Total
			funds	funds
			2021f	2021 6
	Other income		17,079	17,079
			Unrestricted	Total
			funds	funds
			2020	2020
	Other income		22,467	22,467

		Unrestricted	Restricted
		funds	funds	Total
		2021	2021	2021
		E		E
Golf	operations	9,082,016	8,300	9,090,316

Unrestricted
funds	Total
2020	2020
4,897,057	4,897,057

		Activities
		undertaken	Support	Total
		directly	costs	funds
		2021	2021	2021
		E	E	E
Golf	operations	4,700,522	4,389,794	9,090,316

Activities
undertaken	Support	Total
directly	costs	funds
2020	2020	2020
3,111,468	1,785,590	4,897,058

								Golf	Total
								operations	funds
								2021	2021
								E	6
	Support	costs						4,306,965	4,306,965
	Property	maintenance						52,829	52,829
	Governance		costs					30,000	30,000
	Total 2021							4,389,794	4,389,794
								Golf	Total
								operations	funds
								2020	2020
	Support	costs						1,775,590	1,775,590
	Governance		costs					10,000	10,000
	Total 2020							1,785,590	1,785,590
9.	Auditors'	remuneration
								2021	2020
									0
	Fees payable		to the Charity's	auditor		for the audit ofthe Charity's	annual
	accounts							16,600	15,000
	Fees payable		to the Charity's	auditor		in respect of:
	All non-audit		services not included		above			72,305	47,101

				Group	Group	Charity	Charity
				2021	2020	2021	2020
				6	5	6
Wages and	salaries			4,387,658	2,430,206	2,654,974	1,980,153
Social security costs				324,222	159,455	214,327	121,552
Contribution	to defined	contribution	pension
schemes				44,168	18,331	29,684	14,046
				4,756,048	2,607,993	2,898,985	2,115,751
The average	number ofpersons employed			by the Charity during	the year was	as follows:
				Group	Group	Charity	Charity
				2021	2020	2021	2020
				No.	No.	No.	No.
Employees				262	112	161	58
Unpaid trustees				3	3
				265	115	161	58

Group	Group
2021	2020
No.	No.

		FOR THE YEAR ENDED 31	DECEMBER 2021
11.	Trustees' remuneration	and expenses
	Duding the year, no Trustees received any remuneration		or other benefits (2020 - ANIL).
	During the year ended 31 December 2021, no Trustee		expenses have been incurred	(2020 - EN)L).
12.	Intangible assets
	Group
				Goodwill
				F
	Cost
	Additions			150,000
	At 31 December 2021			150,000
	Amortisation
	Charge for the year			17,500
	At 31 December 2021			17„500
	Net book value
	At 31 December 2021			132,500
	At31December 2020

	FOR THE YEAR ENDED 31 DECEM	BER 2021
12.	Intangible assets (continued)
	Charity
		Goodwill
	Cost
	Additions	150,000
	At 31 December 2021	150,000
	Amortisation
	Charge for the year	17,500
	At 31 December 2021	17,500
	Net book value
	At 31 December 2021	132,500
	At 31December 2020

	Short-term
	leasehold	Plant and	Motor	Office
	property 6	equipment	vehicles 5	equipment 5	Total
Cost or valuation
At 1 January 2021	53,139	1,033,618	42,801	12,880	1,142,438
Additions	81,058	902,037	56,167	95,915	1,135,177
Disposals		(175,339)	(16,715)	(1,104)	(193,158)
At 31 December 2021	134,197	1,760,316	82,253	107,691	2,084,457
Depreciation
At 1 January 2021	15,397	137,771	5,216	1,251	159,635
Charge for the year	13,081	364,451	18,728	7,590	403,850
On disposals		(35,705)	(3,970)	(138)	(39,813)
At 31 December 2021	28,478	466,517	19,974	8,703	523,672
Net book value
At 31 December 2021	105,719	1,293,799	62,279	98,988	1,560,785
At 31December 2020	37,742	895,847	37,585	11,529	982,803

	Short-term
	leasehold	Plant and	Motor	Office
	property 6	equipment 6	vehicles 6	equipment 6	Total
Cost or valuation
At 1 January 2021	53,139	1,033,618	42,801	12,880	1,142,438
Additions	81,058	902,037	56,167	95,915	1,135,177
Disposals		(175,339)	(16,715)	(1,104)	(193,158)
At 31 December 2021	134,197	1,760,316	82,253	107,691	2,084,457
Depreciation
At 1 January 2021	15,397	137,771	5,216	1,251	159,635
Charge for the year	13,081	364,451	18,728	7,590	403,850
On disposals		(35,705)	(3,970)	(138)	(39,813)
At 31 December 2021	28,478	466,517	19,974	8,703	523,672
Net book value
At 31 December 2021	105,719	1,293,799	62,279	98,988	1,560,785
At 31December 2020	37,742	895,847	37,585	11,629	982,803

		2021	2020
		F	5
Plant	and equipment	286,687	202,065
Motor	vehicles	41,506
		328,193	202,065

Names	Company	Principal	place of	Class of	Holding	Included
	number	business		shares		consolidation
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, GU16
		9NX

	Names		Income	Expenditure	Expenditure	Profiti	Net assets
			E		E	(Loss) for	6
						the period
						6
	Get Golfing Trading	Limited	3,119,584		2,846,003	273,581	273,582
	Get Golfing Retail Limited		328,443		230,300	98,143	98,144
	Buckfield Park Limited						1
15.	Parent charity
						2021	2020
	Gross income					8,833,467	5,778,509
	Results for the year					(256,848)	766,258
						8,576,619	5,544,767
16.	Stocks
			Group		Group	Charity	Charity
				2021	2020	2021	2020
				K		6	6
	Finished goods and	goods for resale	293,801		113,080	91,933	71,155

				Group	Group	Charity	Charity
				2021	2020	2021	2020
				6		6
	Due within one year
	Trade debtors			1,406,810	11,107	1,406,809	11,107
	Amounts owed	by group undertakings				22,769
	Other debtors			245,447	311,410	243,116	303,082
	Prepayments and accrued income			185,722	317,674	182,237	317,671
				1,837,979	640,191	1,854,931	631,860
18.	Creditors: Amounts		falling due within one year
				Group	Group	Charity	Charity
				2021 6	2020	2021 6	2020f
	Bank overdrafts			5
	Trade creditors			486,650	213,094	386,233	187,790
	Amounts owed	to group undertakings				306,365	410,766
	Other taxation	and social security		145,373	75,0re	115,181	54,357
	Obligations under finance lease and hire
	purchase contracts			88,630	89,278	88,630	89,278
	Other creditors			431,411	299,560	418,590	74,879
	Accruals and deferred		income	2,680,978	1,075,294	2,633,578	968,295
				3,833,047	1,752,304	3,948,577	1,785,365
19.	Creditors: Amounts		falling due after more than	one year
				Group	Group	Charity	Charity
				2021 6	2020f	2021 6	2020
	Net obligations	under	finance lease and hire
	purchase contracts			149,463	36,696	149,463	36,696
	Other creditors			10,960	24,112	10,960	24,112
				160,423	60,808	160,423	60,808

						Group	Group	Charity	Charity
						2021	2020	2021	2020
						8		8
Financial		assets
Financial		assets measured		at fair	value
through	income and expenditure					2,768,765	1,594,684	2,695,154	1,374,949
						Group	Group	Charity	Charity
						2021	2020	2021	2020
								6
Financial		liabilities
Other financial			liabilities measured		at fair
value through			income and	expenditure		528,448	296,962	344,440	f03,922

						Balance at
		Balance at 1				31
		January			Transfers	December
		2021	Income	Expenditure	in/out	2021
		F		6	6
Unrestricted	funds
General Funds		663,683	12,244,368	(12,402,952)	246,019	751,118
Revaluation	reserve	443,005			(246,019)	196,986
		1,106,688	12,244,368	(12,402,952)		948,104
Restricted	funds
Herffordshlre	Holiday Activity
Programme			4,800	(4,800)
Greenwich	Leisure Limited		3,500	(3,500)
			8,300	(8,300)
Total offunds		1,106,688	12,252,668	(12,411,252)		948,104
Statement	offunds - prior year

Stateme	nt	offunds - prior	year
							Balance at
			Balance at				31
			1January			Gainer	December
			2020	Income	Expenditure 6	(Losses)	2020 6
Unrestricted		funds
General	Funds		41,906	6,566,672	(5,944,895)		663,683
Revaluation		reserve				443,005	443,005
			41,906	6,566,672	(5,944,895)	443,005	1,106,688

Analysis	ofnet assets between funds - current year
		Unrestricted	Total
		funds	funds
		2021	2021
		6	6
Tangible	fixed assets	1,560,786	1,560,786
Intangible	fixed assets	132,500	132,500
Current assets		3,248,288	3,248,288
Creditors	due within one year	(3,833,047)	(3,833,047)
Creditors	due in more than one year	(160,423)	(160,423)
Total		948,104	948,104
Analysis	ofnet assets between funds - prior year
		Unrestricted	Total
		funds	funds
		2020f	2020f
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

														Group	Group
														2021	2020
														6	6
	Net income/expenditure					for	the	year	(as	per	Statement	of	Financial
	Activities)													(158,584)	621,777
	Adjustments		for:
	Depreciation		charges											403,850	134,899
	Amortisation		charges											17,500
	Dividends,	interests		and rents			from	investments						(273,461)
	Loss/(profit)		on the	sale of		fixed assets								(605,406)
	Increase	in stocks												(180,721)	(84,357)
	Increase	in debtors												(1,197,788)	(606,845)
	Increase	in creditors												2,068,234	1,447,547
	Net cash	provided		by operating				activities						73,624	1,513,021
24.	Analysis	of	cash and		cash equivalents
														Group	Group
														2021	2020
														6	5
	Cash in hand													1,116,508	1,183,726
	Overdraft	facility repayable				on	demand							(5)
	Total cash and cash equivalents													1,116,503	1,183,726
25.	Analysis	of	changes		in net debt
											At 1				At 31
											January			New finance	December
											2021	Cash flows		leases	2021
													6	6	6
	Cash at bank		and in	hand							1,183,726		(67,218)		1,116,508
	Bank overdrafts repayable					on	demand						(5)		(5)
	Finance leases										(125,974)		117,692	(229,811)	(238,093)
											1,057,752		50,469	(229,811)	878,410