RegIste￿d number." 13593368
Charity number: 1200680
ETCHINGHILL GOLF TRUST
(A Company Limited by Guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

ETCHINGHILL GOLF TRUST
IA Company Umlted by Guarantee)
CONTENTS
P4e
Reference and Administrative Details of thè Charity. its Twstees and Advisers
Trusteos. Raport
Independent AuditOTS' Report on the Flnancial Statements
8-11
Statement of Financial Activities
12
8alance Sheet
13-14
Statemenl of Cash Fk)v
15
Notes to the Financial Statements
16-29

ETCHINGHILL GOLF TRUST
(A Company Limlted by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. rrs TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
rimothy Michael Giles Barton. Twslee
David Johnathan Callisler. Tnjstee
Charfes Crewdson Evans. Trustee
Roland George Pary. Trustee
Peler Netdam Ttxy. Chair
Company registered
number
13593368
Charity registered
number
1200680
Registered office
The Estaté off￿e, Elchinghiu Gdf Canterbury Road
Etchinghill
Folkeslone
Kent
CT18 8FA
Indèpendent auditors
Pure Audit Limrted
Chartered Certified Accountants and Statutory Auditors
76 Canterbury Innovation Centre
Universty Road
Cantert)ury
Kent
CT2 7FG
Bankers
Na￿est Bank P
49 Sandgate Road
Folkeslone
Kent
CT20 1RU
Page 1

ETCHINGHILL GOLF TRUST
(A Company Limited by Guardntee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together with the audrted financial statements of the Charity for the 1
April 2023 10 31 March 2024. The Annud Report Se￿e$ the purposes of both a Trustees, report and a directors.
report under company law. The Trustees confim) that the Annual Report and financial statements of the
chantable company comp￿ with the currefit ststulory requirements. the requirements of the charitable cornpany's
governing document and the provisior>s of the Statement of Recommended Practice ISORPI applicab16 to
charities preparing their a¢¢ounts in accordance with the Finan￿￿ Reporting Standard appI￿able in the UK and
Republic of Irdand IFRS1021 (effective 1 January 20191.
Since the Charrty qualffies as small under SeCt￿n 382 of the Companies Act 20(6, the Strategic Report required
of medium and large companies under the Companies Act 20[% (Strategic Report and Directors. Reporti
Regulations 2013 has been omrtted.
Obje¢tives and activities
a. Policies and otyectives
The principal chanlable objective of the Charrty during the peri(MJ under review. was that of the promotion of
cornmunity participation In heaKhy reuealion. in parti¢ular by the provision of facilities for the playing of golf. The
secondary charitable objectr4e of the Chatty is lo carry out such other charitable purposes bèneficial lo the
community consistent with the principa objective as the Trustees shall in their absolute discretion determine.
The Trustees confirm that they have referred to the guidance wntained In the Charity Commission's geneial
guidan￿ on public benelrt when rev￿wing the Charitys aims and objectives. and in planning fvture aclivilies.
In setting objectives and planning for &tivf(ies. the Trustees have given due consideration to general guidance
published by the Charity Commiss40n ￿lating lo publ￿ benefft. inclu(ling the guÈdan¢e publie benefit.. running a
charity IPB21'.
b. Strategies for achieving objectives
We su¢¢essfully continue wrth free academy course junior membership al Elchinghill Golf Trust, that we
started last year. This is designed lo encourage Children to the great game of 9oIF and start them on theTr golfing
journey. Many gow clubs do not want younger members there in an older male orienlaled environrnenl. EGT is
far from that. Juniors are encouraged to improve their skills whilst they age, in the end becoming full members
and enjoying the benefits that it bnngs.
The academy course also doubles up as a Footgolf Course_ Football has more participants in golf and by
hosting foolgolf, encourages non golFers to come to EGT for the first lime and enjoy the same facilities that the
golfers enjoy.
31
Our membership pricing (please follow the link below) means that anyone can join and enjoy all the
benefits of being a member withotrt a huge outLay. Memberships being able to be paid rnonlhly. enables golfers
lo spread the cost over 12 months. This is very appealing an industry where few clubs offer this with golfers
only having the oplKin lo pay In one lump sum upfront. Golfers can join EGT for as lrttle as only £39.
https."//www.etchinghillgoW co.ukJassetsf20241021Member5hip Application Pack 2024v3 pdf.
Memberships - Etchinghill GOK Trust
Qur green fee pricing enables gO￿er$ to play 18 holes on our Valley course for as little as £15. appealing
lo those who cannot afford the nomial £43 weekend morning green fees.
Page 2

ETCHINGHILL GOLF TRUST
(A Company Llmited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Objectives and activities (continued}
c. Activltles undertaken to achleve ol¥e¢tlves
SGhools are contacted for the jtsnior coaching sessions we have as well as the schools we have come lo
51te. They are then infomed of the Free Academy coaching. This has risen from 1e6 10 223 in a year.
21
ActNe social media campaigns on Facebook and Instagram to send out an inclusNe message. Insta
stones are messaged out about the Trackman driving range and that anyone can use the ran￿.
3}
Quarterfy newslett81s emailed out to stay in ttxrch with e￿stIng Cl￿nt base_
41
Disability go￿ coaching is carried out al EGT through County w￿e backed grants.
51
For Second year Schools coaching and Junior Coaching including a large Tri GOW festival wlh 12 of the
bcal schools participating. This is ajl paid for by grants wrth cost lo the participants.
61
Kent"Invicta 10S" ¢ornpetitions are held at Elchinghill for undèr 10$ to compete against teams from other
clubs on our academy course. Due to Its success Invicta 12s has now Started, which we are pleased to say EGT
will host.
d. Main activities undertaken to further the Charity's purposes for the public benefit
Footg0￿ demonstrales thi5 too. as amhough go￿ Is a skilled game. football is less so and perhaps appeals to
more.
Free lasler seSS￿nS and govemment backed junior groups enables adults and juniors lo try go￿ for free.
A brand-new Trackman driving range was installed. prowding 15-bays. where you can praclice your swings and
driving a¢¢uracy with precise tracking and reakbme data_ Perfed for golfers of all levels.
Achievements and performance
a. Main achievements ofthe Charity
The Trustees are pleased lo report that the actiwties undertaken have shown good progress during their second
financial year. Both member and visitor participatK)n in¢reased.
The Trustees consider that the future of its faulilRs is now secure. This has, in the opinion of the Trustees.
provided substantial ¢orntnunity benefrt.
The Trustees are mindful of the considerable personal financial challenges its members and wsrtors are subject
lo wlh the current inflationary cycle in the UK economy.
Wherever possible the Trustees will seek lo mitigate those difficurties seeking to maintain a balance belween
the financial sU5tainability of the Charity and affordability for the faulty users.
The Charrty continues to seek opportunities to expand the sphere of th& benefit rt can provide.
Page 3

CHINGHILL GOLF TRUST
IA Company Llmited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Achievernents and perfo￿lanCe l¢ontinued}
b. Key perf0m￿nCe indicators
Membership has risen from 1050 to 1328 in the last calendar year_
A healthy balance being caIr￿d forward into the new financial year.
Operating revenues on a par if not better than the previous year before coming a charity.
DrivTng lange revenues has been signrficantly better since the new Trackman v4as instslW.
21
31
41
c. Review of activities
The income and capital of the Charity is solety ded￿ted to the promotion of the objectives of the Charity. The
Trustees expect all and any operating surpluses to be reinvested into the activities of the Charity for the
foreseeable luture and have no plans to invest extemalty lo the Charty.
d. Fundraising activitiès and income generation
The Charity is WOk*ing hard on operating a facilty that wll be capable of anow'ng the Charjty to facilitsle the
delivery of the maximum possible community benefit.
Financlal review
a. Going concern
After making approprkile enquiries, Ihe Trustees have a reasonable eypectation that Ihe Charty has adaqL￿te
resources to eontinue in operabonal existence for the foreseeable ftrtyre, For thi5 reason. they conlinue lo adopt
the going concern basis in preparing the financial stalements.
b. Reserves policy
Reserves are retaned to a minimum requiremenl in order to operate Etchinghill GolfTrust effi¢*nlly.
11 is ensured that 6 months expenditure is kept in reseNe_
c. Principal risks and uncertainties
With the Current economic climate and golf being a Jeisure actimty, history has shown us that clubs such as
Elchinghill Golf Trust will be one of the first things to f￿1 the"pin¢h'.
Following an awftjl winter of weather though. the months of April and May are performing well against last year's
figures in all areas. Poor weather Is a￿wayS a threat lo any sport in the UK played outside unfortunately.
Local compets.tors in other golf clubs are aknys threats as goffers a￿ayS have the Choi￿ lo play glsewhere.
Page 4

ETCHINGHILL GOLF TRUST
IA Company Llmited by Guaranteel
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
d. Financial risk management obi8Ctives and policies
The Trustees have assessed the major risks to which ihe charity is exposed, in particular those related to the
operations and finances of the charity and are satisfied that systems and prO￿dureS are In place to mitigate our
exposuie to the rnajor risks.
The Trustees have a risk management strategy wh￿b includes-.
. the annual revEw of the risks the charity may face.
. Ihe establishment of systems and procedures lo mrtigate those rtsks.
. thè implementation of procedures designed to minimise any potential impact on the charity, should these
risks malenalise.
rhe charitys artivities expose rt to a number of fina￿lar risks Including credit risk. cash flow risk and liquidty
risk.
Cash fiow risk".
The charitys activf(ies expose it primarily lo ihe financial risks of changes in interest rates.
Interest beanng assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Liquidity risk..
In order to maintain liquidity lo ensure that suffiC￿nt funds are avai￿￿ for ongoing operations and future
developments. the charrty hdds liquid assets.
PTincipal frjnding
The charity's principal funding Sour￿ Is income generated from golfcouise. bar. and festauranl.
The primary sources of income are incorne generated frorn tharrtab￿ activities of £1.875.613 and other income
of £18,914. This meant the total income was £1.892.S27.
Structure. govèrnance and management
a. Constitution
Etchinghill GO￿ Trust is re9iStered as a chantable company limited by guarantee aThJ was set up by a
Memorandum of Asscciation.
b. Methods of appointment or election of Trustees
The management of the Charty is the responsibility of the Trustees who are elected and co-opted under the
terms of the Memorandum of AssociatitM.
¢. Organisational structure and de¢ision-making policies
The Trustees meet at surtable intervals to consider the perf0m￿nCe and to decide on appropriate donations. The
charity has no employees. The Chaimian deals wrth Ihe day4tsday operations of the charity.
Page S

ETCHINGHILL GOLF TRUST
IA Ccrtnpany Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management Icontinuedl
d. Policies adopted for the induction and training of Trustees
New Trustees. unless legally or financially professM)nally qualified. win now u￿lergO an orientation day to brief
them on charity law. They will receive a copy of the goveming Trust deed, instruction on the decision making
procèss. copies of the last fv40 years, trustee reports and financial statements. the current financial
performance of the charity and the website reference of the Charity Commission's guidan¢e'The Essential
Trustee and other relevant publications. Trustees are encouraged lo attend appropnale external training events,
where these will facililale a better undefstanding of their role.
e. Pay policy for key managemenl personnel
The Charty operates a salary scale structure guided by the ft)Ilowing parameters."
Ben¢hmarking. range of training. skills and experience required. affordability for the organisation. retents"on, and
the overall remuneotion policy of the charity. The current pay scale eonfomis to market value rates, and it is
regularly reviewed lo prowde further incentives lo staff.
f. Related party relationships
All the tnjslees work is purdy voluntary. nontr of the trust￿"S received remuneration 01 other benefits foi their
work as trustee during the year under review. Except those disclosed in Rel*ed Party transactions note to the
financid statements, the￿ have been no transactions or dealings wrth any individual or entrties connected lo
Irusl8es or any other related parties.
Plans for future periods
The drainage on holes 12 and 13 of the Leas course is lo be completed_
We currently explonng the opportunty of Jmprovemenl of e￿Sts.ng car park li9hling.
A plan for extension of Dnving Range and Club House has been submrtled.
We are also explonng the opportunty for installation of Solar Photovoltaic systern.
Page 6

ETCHINGHILL GOLF TRUST
{A Cornpany Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Statèmènt ol Truste￿. responsibilities
The Trustees Iwho are also the directors of the Charity for the purposes of company lawl are responsible for
preparing the Trustees, Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Skndards Iuniled Kingdom Generally Accepted Accounting Praclicel.
Company law requires the Trustees to prepare financial slalemenls for each financial _ Under company law. the
Trustees must not approve the financial statements unless Ihey are sabsfred that they give a true and fair view ol
the slate ol affairs of the Charty and of ils incoming resources and application of resources. including ils inconie
and eypendilure. for that period. In prepanng these financial slalemenls, the Trustees are required lo".
select suitable accounb.ng pdicies and then apply them consistenuy..
observe the melhcKJs and prin¢iples of the Charities SORP IFRS 1021-
make judgrnenls and ac¢ountsng estimates that are reasonab￿ and prudent..
state whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material
departures disclosed and explained in the financial statements-
prepare the financial statements on the going wJ¢em basis unless il is inappiopriate to presume that the
Charity will continue In business_
The Trustees are responsible foi keeping adequate accounting records that are sufficient lo show and explain
the Chartys transactions and disdose with reasonable accuraw at any time the financial position of the Charty
and enable them to ensure that the financial statements compty wrth the Companies Act 2006. They are also
responsible for safeguarding the assets of the Chatity and hen￿ for tsking reasonable steps lor the preventson
and detection of fraud and other trregularilies.
Disclosure of information to auditors
Each ofthe persons who are Trustees al the lime when this Trustees. Report is approved has confirmed Ihal..
so far as that Trustee is awarè. there is no relevant audrt infomiation of which the charity's auditors are
unawa￿. and
that Tru51ee has taken all the steps that ought lo have been tsken as a TrLtstee in order lo be aware of
any rdevanl audrt infornialion and to establtsh that the ¢harty's al￿ltorS are aware of that information.
AuditOTS
The auditors, Pure Al￿11 Limrted. have indicated their willingness lo conlinu& in office. The designated Trustees
will propose a motion reappointing the audrtors at a meekng of the Trustees.
Approved by order of the membefs of the board of Trustees and swJned on their behalf by..
Peter Nettlam Tory
Ichair ol Trustees)
Date.
Page 7

ETCHINGHILL GOLF TRUST
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ETCHINGHILL GOLF TRUST
Opinion
We have audrted the financial statements of Etchinghill GOW Trust Ilhe 'charitable company'l for the year ended
31 March 2024 whrch comprise the Ststement of Financial Activrties. the Balance Sheet. the Statement of Cash
Flows and the related notes. in¢luding a summary of significant accoLJnting policies. The financial reporting
framework thal has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 The Financial Reporting Stsndard applicab￿ in Ihe UK
and Republic of Ireland. Iunrted Kingdom Gen&ralty AG¢epted Accounting Practice).
In our opinion the financial slalements".
gThie a true and fair view of the stale of the Charitab￿ companys affairs as at 31 March 2024 and of ils
incoming resources and application of resources. including its income and expenditure for the year then
ended",
have been properly prepared in accordance wth United Kingdom Generally A¢¢epted A¢¢ounting
Pradice.. and
have been prepared in accordan￿ with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance wrth International Standards on Audiling IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are ftjrther d￿nbed in the Audrtors, responsibilities for the audit
of the fmancial slalements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audit of the financial statemènts in the United Kingdom.
including the Financial Reporting Counul's Ethic￿ Standard. and we have fulfilled our other eth￿al
responsibilities in accordan￿ vAlh these requirements_ We believe that the a￿￿1t evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going con¢ern
In auditing the financial statements, we have conduded that the Trustees. use of the going con￿rn basis of
accounting in the preparation of the finan¢ial stslemenls is appropriate.
Based on the woik we have performed. we have not identtfied any material Un￿rtaiNlieS relating to events or
condrtions that. indNidually or collectivety. may cast signfficant doubl on the charrtable company's ability lo
continue as a going concem for a period of al least fv4dve months ftom when the financial slalemenls are
aLrthorised for issue.
Our responsibilrties and the responsibilities of the Trustees wrth respect to going con￿rn are described in the
ielevanl secttons of this repo
Page 8

ETCHINGHILL GOLF TRUST
IA Company Umlted by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ETCHINGHILL GOLF TRUST ICONTINUEDI
Other information
The other informatson comprises the inforMat￿n induded in the Annual Report other than the financAal
statements and our Auditors, Report thereon. The Trustees a￿ responsible for the other inforrnation contained
within the Annual Report_ Our opinion on the ffnan¢tJ slatemenls does not cover the other information and,
except lo the extent othetwise explicitly stated in our report. we do not express any fom of assurance conclusion
Ihereon. Our responsibility is lo read the other infomialion and. in doing so. considei whether the other
information is materialty Inconsislenl wrth the financial statemÈnts or our knowledge obtained in the course of the
audit, or otherwise appeals to be materially misstated. If we identify such material inconsistencies or apparent
material rnisslalements. we are requiied lo detemiine whether this gives rise to a material misstatement In the
financial slalemenls themsepoes. If. based on the work we have perfomed. we Conclude that Ihefe is 8 material
misstalemenl of this other infomiation. we are reqLtired to report that fact.
We have nothing lo report in this regard.
Matters on which we are required to report by exception
We have nolhTng lo report in respect of the folbwing matt?rs wthere the Charities (Accounts and Reportsl
Regulations 2008 r4uires us lo report lo you if. in our opiniork".
the Information given in the Trustees, Report is inconsislenl in any material respect wrth the financial
ststemenls., or
sufficient accounting records have not b*n kept." or
the financial statement5 are not in agreement with the accountmg iecords and returns-. or
we have not received all the information and explanations we require for Our audit.
Responsibilities of trustees
As explained more fulfy in the Trustees. Responsibilrties Ststemenl. the Trustees Iwho are also the directors of
the ¢harilable cornpany for the purFX)ses of company lawl are responsible for the preparation of the finanaal
slatemenls and for being satisfied that they gNe a true and fair view. and for such intemal Conlrol as Ihe
Trustees detemine is necessary to enable the preparation of financial statements that are free from material
misslatwnent. whether due lo fraud or error.
In preparing the financial slatemenls. the Tru51ees are responsible for assessing Ihe charitable company's ability
lo continue as a going concem: disclosing, as applEt2ble, matters reLated to going con￿rn and using the going
concern basis of a¢¢ounling unless the Tnjstees either Intend to IiquKlale the Charitab￿ company or to cease
operations, or have no realistic alternatNe but to do so.
Page 9

ETCHINGHILL GOLF TRUST
IA Company Limiied by Guaranteel
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ETCHINGHILL GOLF TRUST ICONTiNUEDI
Auditors. responsibilities fol the audit of the financial statemenis
We have been appcmnled as audttor under sect￿rt 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulats.ons made or hawng effect thereunder.
Our objectives ale to obtain reasonable assuran￿ about whelhei the ffnanaal statements as a whole are free
from malenal misstatemént. whether due to fraud or error, and lo issue an Auditors. Report that includes our
opinion. Reasonable assuran￿ Is a hoh level of assurance, but is not a guarantee that an audit ¢onducted in
accordan￿ with ISAS IUKI will always detect a matenal misstatement when rt exjsts. Misstatements can arise
from fraud 01 error and are consillered material rf. individually or in the aggregate, they could reasonably be
expected to influence the e¢oncxnic decisions of users taken on the basis of these financial slalements.
Irregularities. induding fraud, are instances of non-compliance with laws and regulations. We design procedures
In line with our responsibilrtiÈs, ouilined above. lo deteci m*erial misstatements In respect of Irregularrties,
including fraud. The extent to whtth our procedures are Capable of detecting irregularrties, including fraud is
detsiled below..
Extent the audit was considered capable of dete¢ting irregularities, including fraud:
We identify and assess the ri5k5 of material misslalemenl of the financial statements, whether due lo fraud or
error. and then design and perfomi audrt procedures responsive to those risks, induding obtaining audit
ewden¢e that is sufficient and appropriate lo provide a basis for our opinion.
Identifying and assessing potential risks relatgd to irregularities-
In identifying and assessing risks of malerial missiatemenl in respect of irregularilie5. induding fraud and non-
compliance wrth laws and regulations, we considered the following.
The nature of the industry and sector. control environrnent and business performance Including the design of the
Entity's remuneration policies, key drivers for staff remuneration bonus levels and performance targets.. results
of our enquiries of management about their own idenlificalion and assessment of the risks of itregularilies and
any matters we Identified having reviewed the Enlity's policies and prccedures. the matters discussed among the
audit engagement team regarding how and where fraLtd might occur in the fi'nancial statements and any potential
indicators of fraud.
As a result of these procedures, we considered the opportunities and in￿ntiveS that may exist within the
organisation for fraud and Identified the greatest potential for fraud in relation to revenue recognition. In common
with all audits under ISAS IUKI. we ale also required to perfom spectfic procedures to ￿ spond to the risk of
management override.
We also obtained an understanding of the legal and regulatory frameworks that the Enlily operates In and
focused on those laws and r￿ulatiOnS that had a direct effect on the delemiinalion of material amounts and
disclosures in the financial slatemenls. The key L￿$ and regu￿b"OnS we considered in this contexi included the
Cornpanies Act 2006 and Chanties Act 2011.
Audit r￿PonSe to risks identified
As a result of performing the above. we identified revenue rewnition as key audit matter related lo the potential
risk of fiaud. Our procedures to respond to nsks Identtfied hnduded the following:
reviewing the financial statement disclosures and testing lo supporting documentation to assess
compliance with provisions ol relevant law5 and regulations described as having a direct effect on the finanaal
statements,
Pa9e10

ETCHINGHILL GOLF TRUST
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ￿CHINGHlLL GOLF TRUST {CONTINUEDI
enquiring of managernenl. conceming actual and potenbal lrtigalion and daims.,
performing anafytical procedures to id￿tfy any unusual or unexpected relationships that may indicate
risks ol Inalen￿ misstatement due lo fraud",
obtaining an understanding of provisions and discussing with management lo understand the basis ol
iecognition or non-recognrtion of tax provisions". and in addressing the risk of fraud through management
override of Contr￿S. testing the appioprialeness of joumaj enliies and other adjustments., assessing whether the
judgements made in making accounting estimates are indicative ol a potenbal bias.. and evaluating the business
rationale of any signifi¢anl transactions that are unusual or OUts￿e the nomal course of business.
Vve also communicated relevant idenlifEd laws atvl regulations and potential fraud n5ks lo all engagement team
members and remained alert lo any indications of fraud or nonc0rnplian￿ with laws and regulations thioughoul
the audit.
Because of the inherent limitations of an audit. there is a risk that we will not delect all irregularthes, Including
those leading to a rnater￿1 misstatement in the financial statements or non-compliance with regulation. This risk
Increases the more that compliance with a law or regulation is removed from the events and transactions
rèflocted in the financial statements. as we will be less likety lo become aware of instsnces of non-compliance.
The rrsk is also greater regarding irregularities occurnng due to fraud rather than error, as fraud involves
tenlional cOn￿alMent, forgery, Collus￿n. oM￿s1on or m1srepresentst￿jn.
A further descripbon of our res￿sIbIlI￿eS for the audrt of the financial statements is located on the Financial
Reporting Councifs websrte at. wbvw.frc.
.ukJaudrtorsres
Audit¢)rs' Report.
nsibilib"es. This descxiplion foms part of our
Use of our report
This report 15 made Sole￿ lo the charitable company's trustees, as a body. in accordan￿ wrth Part 4 01 the
Charities (Accounts and Reportsl Regulation$ 2008. Our audi( work has been undertaken so that we rnighl stale
lo the tharilable company's t￿SteeS those matters we are required lo state to them in an Auditors, Report and
lor no other purpose To the fullest extent permilted by law. we do not a¢xepl or assume responsibilty lo anyone
other than Ihe char(cable company and rts members. as a b(xJy. for our audjt wort. for Ihis report, or for the
opinions we have formed.
Pure Audit Limited
Charteied Certrfied Accountants and Statuiory Auditors
76 Canterbury Innovatjon Centre
Universty Road
Canterbury
Kent
CT2 7FG
Oale-.
27 August 2024
Pure Audit Limited are eligible lo ￿ as audrtors in lemis of Sect￿Tr 1212 of the Companies Act 2006.
Page11

ETCHINGHILL GOLF TRUST
IA Ccrfnpany Limited by GuaTantso)
STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDtruRE ACCOUNT}
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Charitsble activrties
Investmen15
1.879,860
12.667
1,879.860
12.667
7.595. 165
74.000
Total incoma
1.892,527
1,892,527
1,609, 765
Expenditure on..
Charitable activities
1.612.745
1,612,745
1.505, 167
Total expendÈture
1,612,745
1.612,745
1,505, 167
Net movement in funds
279,782
279,782
103.998
Reconclllatlon of funds:
Total funds brought forward
Nel movement in funds
85.268
279.782
85.268
279,782
(18, 730)
103,998
Total funds Carried forward
365.050
365,050
85,268
The Statemgnl of Financial A¢tivities indudes gains and losses recognised in the year.
The notes on page5 16 to 29 form part of these financial statement&
Page 12

ETCHINGHILL GOLF TRUST
IA Company Limited by Guarantee)
REGISTERED NUMBER: 13593368
BAL4NCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Intangible assets
Tangible assets
10
169.054
151,302
190.868
161.487
320.356
352,355
Current assets
Slo¢ks
Debtors
Cash al bank and in hand
12
13
67.363
32,161
339,246
74,931
48,988
740.9)8
438,770
264.427
Creditors." amounts falling due within one
year
14
1394,0761
{531,574J
Net currgnt assets I liabilttes
44,694
(267.087J
Total assets less current liabilities
365.050
85,268
Net assets excluding ponsion asset
365,050
85, 268
Totsl net assets
365,050
85,268
Charity funds
Restricted funds
UnreslrLted fund5
16
16
365.050
85.268
Total funds
365,050
85.268
The entity was enlitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the enw lo obtain an audit fot the year in question in accordan¢& with section
476 of the Companies Act 2006.
However, an audrt is required in accordance with secbon 144 of the Chatrties Act 2011.
The Trust&s aCknO￿edge their responsibilities for ¢omptying with the requirements of the Act wrth respect lo
accounting records and preparation of fmanual st*ements.
The financial slalemenls have been prepared in accordance wrth the provisions applicable to entities subjed to
the small companies regime.
Page 13

ETCHINGHILL GOLF TRUST
IA Company Limited by Guaranteè)
REGISTERED NUMBER-. 13593368
BALANCE SHEET ICONTINUEDI
AS AT 31 MARCH 2024
The finanoal ststements were approved and a¢Jthorised for issue by the Trustees and signed on their behaw by."
Peter Nettlam Tory
(Trustee)
Date.
3¥Og 202Y
The notès on pages 16 to 29 lorm part of these financial statements.
Page 14

ETCHINGHILL GOLF TRUST
IA Company Limited by Guardnteel
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Cash flows from operating activtties
Net Gash used In operatsng aclNities
239.547
77,238
Cash flows from inv&stlng activities
Purchase ol tangible fixed assets
140.8091
{116.225)
Net Ga5h used in investing activltles
140,8091 1116,225)
Cash flows from financlng activities
Net cash provided by financing activlties
Change in cash and cash equivalents in the year
Cash and cash èquivalents at the beginning of the year
198.738
138,9871
179.495
140,508
cash and cash equivalents ai the end of the year
339,246
140.508
The notes on pages 16 10 29 fomi part of these financial statements
Page15

ETCHINGHILL GOLF TRUST
IA Company L4mited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General infom)ation
The entity is a charitable company incorporated in England and Wales under registration number
13593368. The chafltable cornpanls registered office, which is also a princip81 pla￿ of business. IS
sf(uated at".
The Estate Office, Etchinghill Golf Cantert)ury Road. Etehinghill. Folkeslone. Kent. England, CT18 8FA.
Accounting policies
11 Basis of preparation of financial ￿atements
The financial statements have beèn prepared in accordance with the charib.es SORP IFRS 1021
Accountin9 and Reporting by Charities." Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Rèporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 2019}, the Financial Reporting Standard
applicable wi the UK and Republic of Ireland IFRS 1021 and the Companie5 Act 2006.
Elchinghill Goff Trust meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historrcal cost or transaction value unles5 otherwise slated in the
relevant accounting policy.
2.2 Income
All Income is recognised once the Charity has entrtlement lo the income, rt is Probab￿ that the
income will be received and the amount of income receNable can be measured reliably.
Income tax recoverable in reith.on to investrnent income 15 recognised al the lime the investment
income is ieceivable.
2.3 Expenditure
Expendrture is re¢(yJni5ed once there is a legal or constTUCtive oblNJation to tfansfer economic benefit
to a third paty. it is probable that a transfer of economic benefrts will be required in settlement and
Ihe amount of the obligalion Can be measuied reliably. Expenditure Is classified by activity. The costs
of each activity are made up of the total of direct ￿$t$ and shared costs, including support ¢osts
involved In undertaking each activily. Direci ¢osts attributable lo a single activity are allO￿ted directly
to that aclivty. Shared costs whKh contribute to more than one aetp￿ty and support cos15 which are
not attributable lo a single activity are apportioned be￿een those aclivihes on a basis consislenl with
the use of resources. Central staff costs are alloc*ed on the basis of time spent. and depr8cialion
charges alli)caled on the portion of the asset"s use.
Expendrture on charitsble activities is incurred on directly undertaking the activibes which further the
Charitls objectives, as well as any associated support costs_
Grants payable are charged in the year when the offer is made except In those ￿Se5 where the offer
Is Conditional, such granls bwng recognised as expendittjre when the conditions allaching are
fulfilled. Grants offered subject to condilions whKh have not been mel at the year end are noted as a
commrtment. bul not accrued as expenditure.
All expendrture is inclusive of irrecoverable VAT.
Page 16

CHINGHILL GOLF TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies Icontinuedl
2.4 Intsngible assets and amortisation
Intangible assets costing £100 or more are captslised and recognised when future economic
benefrts are probable and the cost Of value of the asset can be measured reliably.
Intangible assets are inrtialty recognised at cost. After recognition. under the cost model, inlangsble
assets ale measured at cost less any accumulated amortis*ion and any accumulated Impaimienl
10sse5.
Amortisation is prowded on intangible assets at rates calculated to write off the cost of each asset on
straight-line basis over rts expected useful life.
The eslimaled usefvl lives are as follows..
Computer software
10 years
2.5 Tangible fixed assets and depreciation
Tangible fixéd assets costing £NIL or more are Capital￿ed and recognised when fvture economic
benefrts are probable and the wst or value of the asset can be measured reliably.
Tangible fixed assets are inrtially recognised at cost. After recognition. under the cost mlylel. tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
sses. All Costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fLxed assets less their residual value
over their estirnaled useful lives. using the stra￿ht-IIne method.
Depreciation is provided on the fdlowing basis".
Plant and machinery
Motor vehicles
Fixtures and fittin9S
20%
20°/
20%
2.6 Stocks
Stocks are valued at the lower of cost and net realiSab￿ Value after making due allowance fo[
obsolete and slow-mtsving stocks Cost ￿cludeS all dired costs and an appropriate prq)ortion ol fixed
and variable ovefheads.
2.7 Dèbtors
Trade and other debtors are recognised al the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepakl net of any trade discoJnts due.
2.8 Cash at bank and In hand
tash at bank and In hand Includes cash and short-term liquTrd investments with a short maturity
of three months or less from the date of acquisition or opening of the deposrt or similar account.
Page 17

CHINGHILL GOLF TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies Icontinuedl
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation * the Ba￿￿e Sheet date as a result of a past
event, it is probable thal a transfer of economic benefit will be required in selllemenl. and the amount
of the settlement ¢an be eslimaled Idlab￿.
Liabiltties are recognised al the amount that the Chajity anticipates rt will pay lo settle the debl or the
amount rt has re¢eived as advanced payments for the goods or services rt musl provide.
Provisions are measured at the best e5tirnate of the amounts required to settle the obligation. Where
the effect of the time value of money Is material. the provision is based on the present value of those
amounts, discounted at the pre4ax discount rale that reflects the risks specilic to the liability. The
unwinding of th& discount Is recognisa in the Statement of Financ￿1 Activities as a finance cost.
2.10 Financial instruments
The Chartty only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. BasJ¢ financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value wrth the exception of bank loans wh￿h are subsequently
measured at amortised cost using the effeclive interest method.
2.11 Pensions
2.12 Fund accounting
General fund5 are unrestricted funds whith are aVaila￿e for use al the discretion of the Trustees in
furtherance of the geneial oty"eclives of the Charity and which have not been designated for other
purposes
Restrided funds are funds wh￿h are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Charity for particular purposes. The ¢osls ol raising and
administering such funds are charged against the specffic fund. Tha aim and use of each restricted
fLtnd is set out in the noles to the financial statements.
Investment income. gains and10sses are allocaled to the appropriate fund.
Income from charitable activities
Unrestricted
funds
2024
Total
funds
2024
Golf. bar. and restaurant
1.879.860
1,879,860
Page 18

ETCHINGHILL GOLF TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from charitable activities Icontinuedl
un￿51￿Cted
funds
2023
Tolal
funds
2023
G￿f, bar, and restaurant
1.595. 165
1.595, 165
Investment income
Unrestricted
fundg
2024
Total
nds
2024
Rental income
12.667
12.667
UntEstricled
funds
2023
Total
funds
2023
Investment income
74.000
14,000
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2024
Total
2024
Gotf. bar. and restaurant
1.612.745
1,612,745
Page 19

ETCHINGHILL GOLF TRUST
{A Cornpany Limited by Guar4nteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of expenditure on charitable activities l¢ontinuedl
Summary by fund type Icontinuedl
UnTrstncted
f(Inds
2023
Total
2023
Golf, bar. and restaurant
7,505, 167
1.505, 167
Anatysis of exponditure by athities
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Golf. bar. antj reslauranl
625.843
986.902
1,612,745
Actfvthes
undertaken
direclly
2023
Support
costs
2023
Total
funds
2023
Gdf. bar. and restaurant
596.807
908,360
1.505, 167
Auditors. remuneration
2024
2023
Fees payable lo the Chantys audrtor for the aLKIrt ol the Charity'5 annu
accounts
Page 20

ETCHINGHILL GOLF TRUST
IA Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Staff costs
2024
2023
Wages and salaries
Social security costs
Coniribution to defined contiibutDn pension schen
654,533
38.761
9.110
626.648
33,639
8.471
702,404
668, 758
The average number of persons employed by the Charity dunng the year was as follows.
2024
2023
No.
Admin and management
29
33
No employee rec￿Ved remuneration amountsng to more than £60.000 in either year.
Trustees. Temuneration and expenses
During the year. no Trustees received any remunerdlion or other benefrts {2023- £NIL).
During the year ended 31 March 2024. no Tnjslee expenses have been incurred12023- £NILI.
Page 21

ETCHINGHILL GOLF TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10. Intangible assets
Goodwill
Cost
At 1 April 2023
218,134
Al 31 March 2024
218,134
Amortisation
At 1 April 2023
Charge for the year
27.266
21.814
At 31 March 2024
49.080
Nèt book Value
Al 31 March 2024
169.054
At 31 March 2023
190,868
11. Tangible fixed assets
Plant and
machinery
Motor Ftxturas and
vehi¢les
rittings
Total
Cost or valuation
At 1 April 2Q23
Additions
152,133
14.917
16.228
45,797
25,892
214,158
40,809
At 31 March 2024
167.OSO
16,228
71,689
254,967
Depreciation
At l Apnl 2023
Charge lor the year
37,191
33,410
4.681
3,246
10.799
14,338
52,671
50,994
Al 31 March 2024
70,601
7.927
25,137
103.665
Page 22

ETCHINGHILL GOLF TRUST
{A Company Llmited by Guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Tangible fixed assèts Icontinu8dl
Plant and
machinery
Motor Fixtures and
Yehicles
fittings
Total
Net book value
Al 31 March 2024
%.449
8.301
46.552
151,302
At 31 Marclj 2023
114.942
11.547
34,998
161.487
12. Stocks
2024
2023
Finished goods and goods for ￿sale
67,363
74.937
13. Debtors
2024
2023
Due within one year
Trade debtors
Other debt￿5
1 5.609
779
15.773
33,03T
290
Pr8payrnenls and xuued income
75.661
32,161
48,988
14. Creditors.. Amounts falling due within one year
2024
2023
Trade credrtors
68,918
78.013
152,991
21,478
43, 851
235, 181
Arnounts owed to other participaliri9 interests
Other taxation and so¢ial security
Other creditors
20,707
53,325
251,126
Accruals and deferred inc￿le
394.076
531, 514
Page 23

CHINGHILL GOLF TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOEO 31 MARCH 2024
15.
Financial instruments
2024
2023
Financial assets
Financial assets measured al lair value through income and expenditure
339,246
140.508
Page 24

ETCHINGHILL GOLF TRUST
(A Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
16.
Statèment of funds
Statement of funds- current year
Balance at
31 March
2024
Balance at 1
April 2023
Income Expenditure
UnTestricted funds
General Funds- all funds
85,268
1.892,527 11.612,7451
365.050
Page 25

CHINGHILL GOLF TRUST
IA Company Limited by Guarantsel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
16. Statement of funds Icontinuedl
Statement of funds - prior year
Balance at
31 March
2023
Balance al
l April 2022
Inwme Expenditure
Unrestricted funds
General Funds- am funds
(18. 730)
1.609. 165 (1.505. 167)
85,268
17. Summary offunds
Summary of funds- Current year
Balance at
31 March
2024
Balance at 1
April 2023
Income Expenditure
General funds
85.268
1,892,527
11,612,745)
365,050
Summary offunds- prioryear
Balance at
31 March
2023
Balance at
l Apnl 2022
Income Expenditu
General funds
(18. 730)
I.6(￿. 165 {1,505. 167)
85.268
Pagè 28

ETCHINGHILL GOLF TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18. Analysis of net assets between funds
Analysis of net assets between funds - current period
Unrestricted
funds
2024
Total
funds
2024
Tangible fixed assets
Intangible fixed assets
Current assets
Credrtors due within one year
151,302
169.054
438.770
1394.078
151,302
169,054
438.770
1394,0761
Total
365,050
365,050
Analysls of net assets between funds - prior period
un￿stn.¢ted
fijrjds
2023
Tolal
funds
2023
Tangible fixed assets
Intangible fixed assets
Current assets
Creditors due wrthin one year
161.487
161.487
190,868
264.427
(531.514)
190.868
264.427
(531514)
Total
85.268
85.268
Page 27

ETCHINGHILL GOLF TRUST
IA Company Limited by Guarantee)
NOTES TO THE RNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19.
Reconciliation ol net movemènt in lunds to net cash flow from operatlng activities
2024
2023
Nel income for the perlod las per Statement of Financial Acttvitiesl
279,782
103. 998
Adjustments foT'.
Depreciation charges
Amortisation Charges
Decreasellincrease} in stocks
Decrease in debtors
Decrease in creditors
$0,994
21,814
7.568
16,827
1137,4381
41.957
21,813
(74,044J
29, 702
(t06, 188)
Net cash provided by operating activities
239,547
77,238
Analysls of Cash and cash equtvalents
2024
2023
Cash in hand
339,246
140, 508
Total cash and cash èquivalents
339.246
740.5Q8
21. Anatysis of changes in net debt
At 1 April
2023 Cash flows
At 31 March
2024
Cash al bank and in hand
140,508
198,738
339,246
140,508
198,738
339,246
22.
Pension commitments
The charity operates a defined contsibulion pension scheme. The assets of the scheme are held
separately from those of the Charity in an independensty administered fund. The pension cost charge
represents contnbutions payable by the charrty lo the fvnd and amounted to £9.1 k 12023. £8.5kl. An
amount of £2k12023 £3kl was payab￿ to the fund at the balance sheet dale and is included In creditors.
Page 28

ETCHINGHILL GOLF TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
23. Related party transa¢tions
During the year the chanty recharged costs of £Nil {2023". £24kl lo Cave Hote15 UK Limrted. a company
related lo charitys Iruslees. Cave Hotels UK Ltd charged costs of £36k lo the charity. Al the year end. the
charity owed £17k lo Cave Hotels UK Ltd.
DLJring the year the charity recharged costs of £13k lo Penlland Homes Ltd, a company related lo
charity's Iruslees. At the year end, Penlland Homes Ltd owed £4k to the charity.
Page 29