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2025-03-31-accounts

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 March 2025

The Trustees, who are also Directors of the company for the purposes of the Companies Act 2006, present their report with the financial statements for the period ended 31 March 2025

The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities issued 16 July 2014.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Name Community Golf and Leisure Trust Limited

Registered Company Number 11542365 Registered Charity Number 1188930 Registered Office 24A Bramshill Close, Arborfield, Wokingham, RG2 9NFG

TRUSTEES

Stephen Baker (Chairman)

Barry Sandry

Alistair Kelman

CHIEF EXECUTIVE

Geoffrey Legouix

ACCOUNTANT

O Dadds

SOLICITORS

Winkfield Sherwood LLP, Minerva House, 5 Montague Close, London. SE1 9BB

STRUCTURE, GOVERNANCE AND MANAGEMENT

This is a Charitable Company limited by guarantee incorporated on 29 August 2018 and Registered as a Charity on 6 April 2020.

The Trust was established under a Memorandum of Association which established the objects and powers of the Charitable Company and is governed under its Articles of Association.

RECRUITMENT OF NEW TRUSTEES

In exercising its powers to nominate, appoint, reappoint elect, re-elect, approve and dismiss Trustees, the Trustees shall seek to ensure that the Board is representative of the local community and also comprises persons with a broad range of skills who are likely to contribute towards the Charity’s success.

ORGANISATION AND STRUCTURE

The Trustees, of up to six people, who meet quarterly, have delegated the responsibility of administering the Charity to a management team of five people

Geoffrey Legouix Chief Executive Mark Sandry Golf Operations Director Simon Sperring Course Manager – Broome Manor GC Jordan Evans Course Manager – Trent Park GC Odette Dadds Accounts/Finance

OBJECTIVES

The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the Charities general guidance on public benefit.

With reference to the guidance in the Charity Commissions general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives that they have set.

ACHIEVEMENT AND PERFORMANCE

Chairman’s Statement

For climatic reasons the year recorded negative revenue growth, but nevertheless funds from reserves continued to be allocated to charitable causes for the benefit of local residents in Enfield and Swindon Boroughs. In particular we provided funding for junior golf teams, free golf and equipment for the children of disadvantaged parents, and to encourage more people to play golf, supported the provision of complementary tuition services of our resident golf professionals.

It is the Charity’s policy to build up, over time, sufficient reserves however constituted to cover the risks, replacement of equipment and major capital development to sustain operations through all weather conditions.

FINANCIAL REVIEW

Income and Expenditure

The income from the period of trading failed to meet expectations, and trading was severely impacted by the excessively wet weather conditions throughout 2024/2025. Expenditure, however, continued in line with plans to give a resulting shortfall of £158k from activities.

The charity is committed to continue to generate surpluses to re-invest into the service and community and at the same time, generate an acceptable level of surplus to contribute towards retained reserves. To this end, we are diversifying and expanding our business where possible to achieve this aim and to provide a firm financial foundation and sustainable future to provide against

contingencies in accordance with the Charity Commission’s recommendations.

Capital

The capital expenditure during the year to 31 March 2025 was as follows:

Company

Greenskeeping Machinery & Buggies 37509 Course Construction 58209 ______ Total purchased 95718

The charity uses available reserves to underpin necessary re-investments back into the service. These investments are key to gaining future business success and ensuring customers continue to receive services at a quality and price that meets their growing expectations.

The charity will also continue to invest in energy efficiencies in line with our policy to reduce our carbon footprint, whilst keeping the increase in energy costs to a minimum to protect our surpluses.

Reserves Policy and charity funds

At 31 March 2025 the charity had accumulated negative reserves of £61597. As part of a plan to restore the company’s financial stability the lease relating to the (loss making) Trent Park Course is to be surrendered in early 2026. In the year 2025/2026 the company has enjoyed a highly profitable period of trading which has returned the revenue reserves to a positive state. Going forward the charity has a risk free investment policy and as such surplus money not immediately required for the operational needs of the charity will be invested in interest bearing accounts. The Trustees recognise the need for a level of financial reserves that will:

1 Allow for planned investment and other similar purposes

2 Allow for cyclical maintenance expenditure which the charity has an obligation to incur under property leasing terms, and

3 Shield the charity from the possibility of adverse unforeseen circumstances

These unforeseen circumstances include a number of specific events that have been defined in the charity’s policy on Risk Management and Business Continuity. The Board have approved the following statement:

“It is the charity’s policy to build up, over time, sufficient reserves however constituted to cover the risks, replacement of equipment and major capital development as in it’s Business Continuity/Risk Management Policy. The charity aims to designate funds for capital investment purposes and to build up it’s general reserves over a number of years to a level equivalent to four to six months operational expenditure”

DISABLED PERSONS

The charity’s policy is to give full and fair consideration to applications for employment by disabled persons, having regard for their particular aptitudes and abilities. Disabled employees receive appropriate training to promote their career within the society. Employees who become disabled are retained in their existing posts where possible or are retrained for suitable alternative posts.

EMPLOYEE INVOLVEMENT

The charity has a policy of providing employees with information about the charity through staff meetings and the posting of updates on the staff information boards.

STATEMENT OF TRUSTEE RESPONSIBILITIES

The trustees are responsible for preparing the financial statements in accordance with the applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice. The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the surplus or deficit of the charitable company for that period. In preparing those financial statements the trustees are required to:

Select suitable accounting policies and then apply them consistently,

Make judgements and estimates that are reasonable and prudent,

Prepare the financial statements on the going concern basis unless it is appropriate to presume that the charitable company will continue in business

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

We have referred to the guidance in the Charity Commissions general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

ON BEHALF OF THE BOARD

S Baker

Trustee

11 December 2025

Company No 11542365 Charity No 1188930

COMMUNITY GOLF AND LEISURE TRUST

(a company limited by guarantee)

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

COMMUNITY GOLF AND LEISURE TRUST

COMPANY INFORMATION

CHIEF EXECUTIVE Geoffrey Legouix TRUSTEES Stephen Baker Alistair Kelman Barry Sandry COMPANY NUMBER 11542365 REGISTERED OFFICE 24A Bramshill Close Arborfield Wokingham RG2 9NF ACCOUNTANT Odette Dadds INDEPENDENT REVIEWER Brian Ives & Co Ltd 1 New Cottages The Village Finchampstead RG40 4JX BANKERS Metro Bank One Southampton Row London WC1B 5HA

COMMUNITY GOLF AND LEISURE TRUST

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025

PRINCIPAL ACTIVITIES

The trust's principal activity is the community operation of golf courses under the trading style of Broome Manor Golf Complex and Trent Park Golf Course.

TRUSTEES

The trustees who served during the period were:

Stephen Baker - Chairman Alistair Kelman Barry Sandry

TRUSTEES RESPONSIBILITIES

The trustees are obliged under company law to prepare financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice for each financial year.

The financial statements, of which the form and content is prescribed by the Companies Act 2006, must give a true and fair view of the state of affairs of the company at the end of the financial year, and of the profit or loss for that period, and they must comply with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements. The trustees must prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The trustees are also responsible for the adoption of suitable accounting policies, their consistent use in the financial statements, supported where necessary by reasonable and prudent judgements.

The trustees confirm that the above requirements have been complied with in the financial statements.

In addition, the trustees are responsible for maintaining adequate accounting records and sufficient internal controls to safeguard the assets of the company and to prevent and detect fraud or any other irregularities.

BY ORDER OF THE TRUSTEES

Signed on its behalf by Stephen Baker

Trustee

Page 1

COMMUNITY GOLF AND LEISURE TRUST

BALANCE SHEET AS AT 31 MARCH 2025

Notes
FIXED ASSETS
8
CURRENT ASSETS
Stocks
Debtors
9
Cash at Bank
CREDITORS
Amounts falling due within
one year
10
NET CURRENT LIABILITIES
CREDITORS:
Amounts due in more than one
11
year
TOTAL ASSETS LESS CURRENT
LIABILITIES
UNRESTRICTED FUNDS
General Funds
13/14
TOTAL FUNDS		 £
£
260,441
18,425
67,225
12,912
98,562
(369,962)
(271,400)
(50,638)
(61,597)
(61,597)
(61,597)
2025		 £
£
298,845
18,425
102,728
28,605
149,758
(266,301)
(116,543)
(85,694)
96,608
96,608
96,608
2024		 £
£
298,845
18,425
102,728
28,605
149,758
(266,301)
(116,543)
(85,694)
96,608
96,608
96,608
2024
96,608
96,608
96,608

These accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006.

The trustees have not required the company to obtain an audit in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for:

b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as

applicable to the company

The financial statements were approved and authorised for issue by the trustees and were signed on its behalf on 11 December 2025 by

Stephen Baker Trustee

The notes on pages 3-7 form part of these financial statements

Page 2

COMMUNITY GOLF AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. PRINCIPAL ACCOUNTING POLICIES

A summary of the accounting policies which have been applied in these accounts is set out below:

a. These accounts have been prepared under the historical cost convention and in accordance with the provisions applicable to businesses subject to the small companies regime

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

All incoming resources are included in the statement of financial activities when the charity is entitled to the income. The following policies are applied to particular categories of income:

Provision has been made so as to write down the cost value of the asset over its useful working life.

Plant & Machinery - 10% straight line Fixtures & Fittings - 10% straight line Office Equipment - 10% straight line 1.4 Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Page 3

COMMUNITY GOLF AND LEISURE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

2. INCOMING RESOURCES FROM ACTIVITIES TO FURTHER CHARITY'S OBJECTIVES

Notes
INCOMING RESOURCES
From charitable activities
Grants
2
Golf Course Operations
Total Incoming Resources
RESOURCES EXPENDED
Expenditure on Charitable Activities
Fundraising trading: cost of goods and
services sold
4
Charitable Activities
4
Governance Costs
4
Total Resources Expended
NET INCOME FOR THE PERIOD
RECONCILIATION OF FUNDS
Total Funds brought forward
Total Funds carried forward		 Unrestricted
Activities
2025
£
-
1,384,291
1,384,291
1,511,244
3,000
28,252
1,542,496
(158,205)
96,608
(61,597)		 Unrestricted
Activities
2024
£
-
1,383,611
1,383,611
1,407,398
3,000
18,000
1,428,398
(44,787)
141,395
96,608

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

Page 4

COMMUNITY GOLF AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

4. TOTAL RESOURCES EXPENDED

Costs directly
Basis of
Golf
Outreach
allocated to activities
Allocation Operations Work
£
£
Staff Costs
Direct
437,806
Course Maintenance
Direct
198,109
Clubhouse Exps
Direct
16,537
Buggy Expenses
Direct
4,365
Café
Direct
18,823
Retail
Direct
4,549
Independent Examiner
Direct
Annual Report
Direct
Support costs
allocated to activities
Premises
Area
404,997
2,000
General office & finance staff
Staff Time
162,023
Communications
Staff Time
12,000
1,000
Consultancy
Usage
17,736
Legal & Professional
Usage
12,001
Insurance
Usage
40,721
Utilities
Usage
7,940
Office & Admin
Usage
20,804
HP Interest
Usage
14,019
Depreciation
Usage
130,615
Bank charges
Transac
8,199
1,511,244
3,000		 Costs directly
Basis of
Golf
Outreach
allocated to activities
Allocation Operations Work
£
£
Staff Costs
Direct
437,806
Course Maintenance
Direct
198,109
Clubhouse Exps
Direct
16,537
Buggy Expenses
Direct
4,365
Café
Direct
18,823
Retail
Direct
4,549
Independent Examiner
Direct
Annual Report
Direct
Support costs
allocated to activities
Premises
Area
404,997
2,000
General office & finance staff
Staff Time
162,023
Communications
Staff Time
12,000
1,000
Consultancy
Usage
17,736
Legal & Professional
Usage
12,001
Insurance
Usage
40,721
Utilities
Usage
7,940
Office & Admin
Usage
20,804
HP Interest
Usage
14,019
Depreciation
Usage
130,615
Bank charges
Transac
8,199
1,511,244
3,000		 Costs directly
Basis of
Golf
Outreach
allocated to activities
Allocation Operations Work
£
£
Staff Costs
Direct
437,806
Course Maintenance
Direct
198,109
Clubhouse Exps
Direct
16,537
Buggy Expenses
Direct
4,365
Café
Direct
18,823
Retail
Direct
4,549
Independent Examiner
Direct
Annual Report
Direct
Support costs
allocated to activities
Premises
Area
404,997
2,000
General office & finance staff
Staff Time
162,023
Communications
Staff Time
12,000
1,000
Consultancy
Usage
17,736
Legal & Professional
Usage
12,001
Insurance
Usage
40,721
Utilities
Usage
7,940
Office & Admin
Usage
20,804
HP Interest
Usage
14,019
Depreciation
Usage
130,615
Bank charges
Transac
8,199
1,511,244
3,000		 Governance
£
11,000
1,200
1,600
13,952
500		 Total
2025
£
448,806
198,109
16,537
4,365
18,823
4,549
1,200
1,600
406,997
175,975
13,000
17,736
12,001
40,721
7,940
20,804
14,019
130,615
8,699		 Total
2024
£
414,292
185,685
17,264
9,750
16,557
6,849
1000
1500
380,119
192,939
12,500
11,958
4,572
27906
-10,742
8,871
11,445
123,631
12,302
1,511,244 3,000 28,252 1,542,496 1,428,398

5. NET INCOMING RESOURCES FOR THE YEAR

This is stated after charging:

2025
£
Depreciation
130,615
Examiners remuneration
1,200
Salaries and wages
637,781
Social security costs
36,419
Total
806,015
The average number of employees during the year, calculated on the basis of full
time equivalents, was as follows:
2025
Chief Executive
1
Administration and support
19		 2024
£
123,631
1,000
597,870
31,861
754,362
2024
1
20

The charity operates and contributes to a defined contribution pension scheme for 16 of its staff and a defined benefit scheme for 3 of its staff

Page 5

COMMUNITY GOLF AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

6. TRUSTEE REMUNERATION & RELATED PARTY TRANSACTIONS

No members of the trustees received any remuneration during the period. Travel costs amoun to £175 were reimbursed to 2 trustees

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.

7. TAXATION

As a charity, Community Golf and Leisure Trust is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 199 to the extent that these applied to its charitable objects. No tax charges have arisen in the cha

8. FIXED ASSETS

9.

10.

Course
Plant &
Improv'ts
Machinery
£
£
Cost
At 1 April 2024
55,925
501,241
Additions
58,209
37,509
Disposals
-
10,020
At 31 March 2025
114,134
528,730
Depreciation
At 1 April 2024
-
270,005
Charge for Period
-
125,798
Disposals
-
6,513
At 31 March 2025
-
389,290
Net Book Value
At 31 March 2025
114,134
139,440
At 31 March 2024
55,925
231,236
DEBTORS
Trade Debtors
Undeposited Cash
Prepayments
CREDITORS AND ACCRUALS
Amounts falling due within one year
Trade Creditors
Hire purchase contracts
Social security and other taxes
VAT
Accruals and deferred income
Loan		 Fixtures
and
fittings
£
1,596
-
-
1,596
1,596
-
-
1,596
-
-		 Office
Equip
£
8,439
-
-
8,439
4,454
1,631
-
6,085
2,354
3,985		 Motor
Vehicles
£
15,930
-
-
15,930
8,231
3,186
-
11,417
4,513
7,699
2025
£
2,520
14,528
50,177
67,225
2025
£
290,800
56,006
9,081
6,377
5,373
2,325
369,962		 Totals
£
583,131
95,718
10,020
668,829
284,286
130,615
6,513
408,388
260,441
298,845
2024
£
2,520
6,768
93,440
102,728
2024
£
130,575
79,690
11,732
1,274
6,042
36,988
266,301

Page 6

COMMUNITY GOLF AND LEISURE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Hire purchase contracts 2025
£
50,638
50,638		 2024
£
85,694
85,694

12. FINANCIAL COMMITMENTS

At 31 March 2025 the trust was committed to making the following payments under non cancellable operating leases in the year to 31 March 2026:

Operating leases which expire:
In over five years - rent
13.
RESERVES
At 1 April 2024
Loss for the financial period
At 31 March 2025
14.
MOVEMENTS IN FUNDS
Unrestricted funds:-
General funds
Golf tuition for juniors from
disadvantaged backgrounds
Total funds		 2025
2024
£
£
340,000
360,000
Profit and
Loss Account
£
96608
(158,205)
(61,597)
1 April
Incoming Outgoing
Transfers
31 March
2024
ResourcesResources
2025
81,608
1,384,291 1,542,496
(76,597)
15,000
15000
96,608
1,384,291 1,542,496
(61,597)		 2025
2024
£
£
340,000
360,000
Profit and
Loss Account
£
96608
(158,205)
(61,597)
1 April
Incoming Outgoing
Transfers
31 March
2024
ResourcesResources
2025
81,608
1,384,291 1,542,496
(76,597)
15,000
15000
96,608
1,384,291 1,542,496
(61,597)
(61,597)
31 March
2025
(76,597)
15000
(61,597)

15. RELATED PARTY TRANSACTIONS

During the year various loans totalling £45000 were taken from Aylesbury Park Golf Ltd and GL Golf Ltd, these were fully repaid, plus interest, by 31 March 2025.

16. POST BALANCE SHEET EVENTS

As part of a plan to restore the company's financial stability, the lease relating to the (loss making) Trent Park golf course is to be surrendered. In the meantime the Company has enjoyed a highly profitable six months trading which has returned the balance sheet to a positive net current asset position.

Page 7

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees COMMUNITY GOLF AND LEISURE TRUST On accounts for the year ended 31st March 2025 Charity no lif any) 1188930 Set out on pages I report to the trustees on my examination of the accounts of the above charity (Ihe Trusf) for the year ended Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charitie5 Act 2011 (Ihe AL). I report in respect of my examination of the Trusys accounts Carried out under sedion 145 ofthe 2011 Act and in carying out my examination, I have followed all the applicable Directions given by Ihe Charity Commission under section 145(5)(b) of the Act. Indopendent examinerfs statement I have Completed my examination. I confirm that no material matters have come to my attention in connection wilh the examination which gives me cause to believe that in, any material ￿Spect.. the accounting records V￿re not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records., or the aG¢ounts did not comply with the applicable requirements conceming the fomi and content of a¢¢ounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Yrue and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection th the examination to which attention should be drawn in this report in order to enable a proper understanding ofthe accounts to be reached. . Please delete the words in the brackets rfthey do not apply. Slgned: Date: 11 De￿rnber 2025 Name: BDlves Relevant professional qualifiGation(s) or body (if any): Address: Brian Ives & Co Ltd l f-f i6%,fi ¥ Ib IER Oct 2018