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

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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|||14-33|





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||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<br>activities|||7,951,796||7,951,796|5,041,261|
|Other trading<br>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<br>on:|||||||
|Raising funds|||3,320,936||3,320,936|1,047,838|
|Charitable<br>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<br>in funds before other|||||||
|recognised<br>gains|||(158,584)||(158,584)|621,777|
|Other recognised|gains:||||||
|Gains on revaluation|offixed assets|||||443,005|
|Net movement<br>in funds|||(158,584)||(158,584)|1,064,782|
|Reconciliation<br>offunds:|||||||
|Total funds brought|forward||1,106,688||1,106,688|41,906|
|Net movement<br>in funds|||(158,584)||(158,584)|1,064,782|
|Total funds carried|forward||948,104||948,104|1,106,688|





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|||||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<br>funds||||||||
|General funds||||21|751,118|663,683||
|Revaluation<br>reserve|||||196,986|443,005||
|Total unrestricted|funds|||21|948,104||1,106,688|
|Total funds|||||948,104||1,106,688|





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|||||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<br>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|



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





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||||||
|---|---|---|---|---|
|iation|is provided<br>on|the following bases:|||
|Short-term<br>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|



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||||||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|



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||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<br>6|
||Other income||17,079|17,079|
||||Unrestricted|Total|
||||funds|funds|
||||2020|2020|
||Other income||22,467|22,467|





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|||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|



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|||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|





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|||||||||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|





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|||||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.|





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|||<br>FOR THE YEAR ENDED 31|<br> DECEMBER 2021||
|---|---|---|---|---|
|11.|Trustees'<br>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||||





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||FOR THE YEAR ENDED 31 DECEM|BER 2021|
|---|---|---|
|12.|Intangible<br>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||





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||Short-term|||||
|---|---|---|---|---|---|
||leasehold|Plant and|Motor|Office||
||property<br>6|equipment|vehicles<br>5|equipment<br>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|





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||Short-term|||||
|---|---|---|---|---|---|
||leasehold|Plant and|Motor|Office||
||property<br>6|equipment<br>6|vehicles<br>6|equipment<br>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|





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|Names|Company|Principal|place of|Class of|Holding|Included|in|
|---|---|---|---|---|---|---|---|
||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||||||



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||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|





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|||||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<br>owed|by group undertakings||||22,769||
||Other debtors|||245,447|311,410|243,116|303,082|
||Prepayments<br>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<br>6|2020|2021<br>6|2020f|
||Bank overdrafts|||5||||
||Trade creditors|||486,650|213,094|386,233|187,790|
||Amounts<br>owed|to group undertakings||||306,365|410,766|
||Other taxation|and social security||145,373|75,0re|115,181|54,357|
||Obligations<br>under finance lease and hire|||||||
||purchase<br>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<br>6|2020f|2021<br>6|2020|
||Net obligations|under|finance lease and hire|||||
||purchase<br>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|





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|||||||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|





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|||||||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<br>6|(Losses)|2020<br>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|





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|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|



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|||||||||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||2021|2020|
|||||||||||||||6|6|
||Net<br>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<br>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<br>in|hand|||||||1,183,726||(67,218)||1,116,508|
||Bank overdrafts<br>repayable|||||on|demand||||||(5)||(5)|
||Finance leases||||||||||(125,974)||117,692|(229,811)|(238,093)|
||||||||||||1,057,752||50,469|(229,811)|878,410|





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