Registered number- 13593368
Charty number: 121)0680
ETCHINGHILL GOLF TRUST
IA Company Limited by Guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

CHINGHILL GOLF TRUST
IA Company Limited by Guarantee)
CONTENTS
Page
Referencè and Administrativè Details of the Charlty. its Trustees and Advisers
Trustges. Report
Independent Auditors. Report on the Financial Statements
8-11
Statement of Financial Actlvities
12
Balance Sheet
13-14
ststement of Cash Flow5
15
Notes to the Financial Statements
16-30

ETCHINGHILL GOLF TRUST
IA Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
T M G Barton, Trustee
D J Callister, Trustee
C C Evans. Tnjstee
R G Parry, Trustee
P N Tory. Cha
Company registered
number
13593368
Charty registered
number
1200680
Registgred office
The Estate Office. Elchinghill Gdf. Canterbury Road
Elchinghill
Folkestone
Kent
CT18 8FA
Page 1

ETCHINGHILL GOLF TRUST
IA Company Llmited by Guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Twslee5 present their annuol report logelhor with the audrted financsal slalerT7ent5 of the Charity for ihe I
April 2024 to 31 March 2025 The Annual Repofi seNes the purposes of both a Trusiees. report an¢J 8 directors,
report under company law. The Tru51ees confimi Ihal Lhe Annual Report and finan¢d stslemenls ol the
charitabl¢ ￿MpanY con7pty wlh the current staiulory requiremènis Uie requirernenls of the Charrtable company's
governing document and the prow5h)ns of the Stafemenl ol Recommended Pfacbce ISORPI applicable to
charibes prepariryJ their accotjnts In accordance wrth the Financ￿1 Reportsng Standard appl￿ble in tho UK and
Republic of Irdand IFRS1021 ieffedive 1 January 20191.
Since the Charity qualffjes as small under Section 382 of the Cornpanies Act 2006. the Strategic Report required
of medkum and barge compan￿¥ under the Coryanie5 Act 2008 IStr*egic Report and Diwlors. Reporti
ReguL41ions 2013 has been cvnrtted.
ObJe¢tlves and actrvities
a. Policies and obleetives
The principal charitable objective of the Charty during the penod under ￿￿ew. w3S that of the promotion of
community participation In heamhy recreation, in particular by the provision of facilities for the playing of golf. The
secondary charilabFe objedive of the Charty 15 to carry out such other charitable purposes beneficial to the
community consistent wlh the principal objective as the Trustees shall in their absolute discretion detemiine.
The Trustees confirm that they have referred to the gui¢Jance contained in tho Charity Commission's geneial
guidance on public benefft when rewewng the Chartys aims and obie¢lNes, and in planning future activities.
In setting objectives and planning for activrties, the Trustees have given due consideration to general guidance
published by Ihe Charty c￿)miSSion rekb"w to publ￿ benefft, including the guidance public benefit.. running a
chaiity IPB21'.
b. Strategles for achieving objectivos
We suc￿sSfullY continued wrth free academy course junior membership al Elchinghill Gow Trust, that we
started in previous year. This is designed lo encourage children to Ihe great game of gow and start them on their
gO￿ing joumey. Many golf clubs do not want younger members there in an okler male Orientat￿ environment.
EGT is far from that_ Juniors are encouraged lo improve their skills whilst they age, in the end becoming full
members and enjoying the benefrts that rt brings. EGT has also supported by subsidisuig Ih*r affilk?lion fees in
order lo obtain a handiw enabling them to play in the club competitions.
2}
The academy course aiso doubles up as a Footgolf Course. Football has mofe part￿PanIS in golf and by
hosting foolgotf, encourages non gdfeis lo come to EGT for the first time and enjoy the same facilities that the
golfers enjoy.
31
Our membership pllcing (please follow the link bel¢)wl means that anyone can join and enjoy all tho
benefits of being a member wrthout a huge ouday. Memberships being able lo be paid rnonlhty. enables golfers
lo spread the cost over 12 months. This is very appealing in an industry where few clubs offer this with golfers
onty having the option to pay in one lump sum upfront. Golfers join EGT for as l(ttle as only £39.
https".IlwwW.el¢hinghillgolf.￿.UkJ&SsetsI2o2slo3lMeMbersh1pAppI1c3tioD-PaCk-2o25.pdl
41
Our greèn fee pricing enables gotfers to play 18 holes on our Valley course foi as lrttle as £15, appealing
lo those who cannot afford the nom)al £45 weekend moming green fees.
Page 2

CHINGHILL GOLF TRUST
IA Company Limitod by Gtsaranteel
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Obj'ectives and activitiès l¢ontinued}
c. Activlties undertaken to achieve objectives
11
Schools ale contacted for the junior co&hing sessions we have as well as the schools we have come lo
sile. They are thèn inft>rmed of the Free Academy ￿a¢hing. This has risen from 230 to 301 in a year.
2}
Actwe social media campaign5 on Facebook and Instagram to send out an inclusive message. Insla
stories are messaged out about the Trackman driving rango and that anyone can use the range.
31
Quartety newsl*ttews emailed oul to stay in touch with eX￿tIng d￿nI base.
Disabilty golf coachmg is carr￿d out at EGT through County wide backed grants.
51
For Second year Schools coaching and Junior coaching induding ¥ large Tri Golf festival with 12 of the
local schools particpating. This is all paid for by grants ￿th no cost to the participants.
4}
61
Kent 'lnvicta 10S" competibons are held at Etchinghill for under 1 Os to conwete against teams from other
clubs on our academy course. Due lo rts sucws Inmcta 12s has $tarted. which we are pleased lo say EGT
will host.
d. Main activities undertaken to fvrther the Charity's purposes for the public ￿nefft
Footgolf demonstrates this Iw, as although gow is a skilbed game. foolball is less so and pethaps appeals to
more.
Free taster sessions and govemmenl bathed junw groups enables adults and juniors to try gow foi free.
A brand new Trackman driwng range was installed. prOV￿1n9 15 bays, where you can practice youf 5wing$ and
driving ac£uTacy wlh preose tracking and real kn.me data. Perfect for golfers of all ￿Ve1$. An indoor simulator
room has also been instslled ena)ling gowers lo enjoy their golf indoors.
Achievements and performance
a. Main achlevements of the Charity
The Trustees are pleas￿ lo report that the ath'vrties undertaken have $hown good progress during their second
financial year. Both member arKI visitor participatron increased.
The TrUSt￿S consider that the future of dl its facilities is n¢)w secure. This has, in the opinion of the Tnjstees,
provided subslanlial communty benefft.
The Trustees are mindful of the considerable personal financial challenges rts members and vi$i1grs are subject
lo with the ¢urrenl inflationary CYC￿ in the UK economy.
Wherever possible the Tru51ees wrfl seek lo mrtigate those drfficutt￿s - seekiryj to maintain a balan￿ between
the financial sustainability of the Charity and affordabilty for the fa¢ilrty users.
The Charity continues lo seek opp¢)rtunities lo expand the sphere of the benefrt rt can provKIe.
Page 3

ETCHINGHILL GOLF TRUST
{A Company Limited by Guarantse)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and perfomiance Icontlnuedl
b. Key performarb¢e indicators
1}
21
31
4)
Membership has levelled ¢)ff * ar¢JJnd 1300 membe15 r
A healthy balance being ¢aryied forward into the new financial year.
Operating revenues on a par rf not better than the previous year before corning 8 charty.
Driving range revenues has been sKJnrficanlty better since the new Trackman was installed.
c. Review of activities
The income and caprtal of the Chanty is 501ety dedicated lo the promotion of the objectives of the Charity. The
Trustees expect all and any operating surpluses lo be T￿nvested into the activities of the Charity for the
foreseeable future and have no plans lo invest extemalty to the Chafty.
d. Fundraising activities and Income ggneralion
The Charity is working hard on operating a facilty that wll be capable of allowing the Charty to facililale the
delivery of the maximum possible communty benefit
Financial revièw
. Going concern
After making appr¢¥sriale enquiries. the TrLtstees have a rea$￿able expectation Ih8t the Charity has adequate
resources to continue in operational existenee for Ine foreseeablè futufft. For thi$ ffta8L￿, they cor+tinua to adopt
the going concern basis in preparing the fmancial stalemenls.
b. Reserves policy
Reserves are retained lo a minimum requirement in order to ¢werate Et¢hinghill Golf Trust efficientty.
11 is ensured that 6 months expenditure is kopl rn reserve.
Principal risks and un¢ertainties
With the current economic climate and golf being a leisure history has shown us that clubs su¢h as
Etchinghill Golf Trust will be one of the first things to feel the "pinch".
The months of Apnl and May are perfomiing well against last yearfs figures in all areas. Poor weather is a￿ayS a
threat to any sport in tho UK played outside unfortunately.
Lecal competitors in other goW clubs are a￿ayS threats as gowers ahyays have the choice lo play elsewhere.
Page 4

ETCHINGHILL GOLF TRUST
IA Company Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 202S
d. Financial risk management objectlves and policies
The Trustees have assessed the major risks to which the charity is exposed. in particular those related lo the
Operat￿nS and finances of the charity and are satisfied that system$ and procedures are in place lo mitigate our
exposure lo the major risks.
The Trustees have a risk management Strategy which includes..
. the annual review of the ￿SkS the chayrty may fa¢e.
* the establishment of systems and procedures lo mttigate those risks.
. the implementslion of pro￿￿UTeS desuned to minimise any potents'al Impact on the charty, should these
risks materiali5e.
The charivs adivities expose it to a ftumber of financial rÈsks including crwjil risk. cash flow risk and liquidity
risk.
Cash flow risk".
The charity's activit￿ expose rt primarity to the ffinan¢ial risks of changes in interest rates.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flv4VS.
Liquidity rBk'.
In order lo mainLw"n Iw4uidity lo ensure that sufficient fvt￿5 are available for ongoing oper8lKJns and future
developments, th6 charity hold5 Iwuid assets.
Principal fvndlng
The charty's principal lunding s￿rCe is income generated from golf course. bar, and restaurant.
The primary sources of income are income generated from charitsble activities of £2.156.422 and investment
Income of £12,000. This meant the total income was £2,168.422.
Structure, governance and management
a. Constitution
Etchinghilj GOW Trust is regISte￿d as a charitable company limited by guarantee and was sel up by a
Memorandum of ASS￿lation.
b. Methods of appointment or elKiion of T￿￿tee$
The management of the Charity is the responsibilrty of the Trustees who are elected and co-opted under the
lemis of the Tru51 deed.
c. Organlsational structure and decisionamaking poli¢les
The TTUStees meet at suitable intervals lo consider the performance of Ihe Charity.
Pago 5

CHINGHILL GOLF TRUST
(A Company Limited by Guarantoe)
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
structure, govemance and management {continufjdl
d. Policies adopted for the indu¢tion and training of Tntstees
New Tnjstees, unless legalty or financialty professionalty qualjfied, wll now undergo an orientation day lo brief
them on charty law. They will receDie a copy of the goveming Trust deed, instruction on the decision making
process. copies of the last two yeaTS' Iruslee reports and financial 51alemenls. Ihe current financial
performance ol the chanly and the website refe￿n￿ of the CharTty Commission's guidance"The Essential
Trustee" and other relevant publicatsons. Trustees are encouraged to attend appropriate extemal training events,
where these will facililale a better undetstsnding ol their role.
e. Pay policy for key managemènt personnol
The Charty operates a salary scak structure guided by the loll¢Mng parameters..
Benchmarking, range of training, skills and experience required, affordabrlity for the organisation, ietenlion, and
the overall remuneration polKy of the chanty. The cuffenl pay $¢ale conforms lo market value rales, and il is
regulaHy Feviewed lo provide further incentives to staff_
f. Related paity relationships
All the Iruslees work is purely vduntsry. none of the trustee's received remuneration or other benefits foi their
work as tTUStee dunng the year under remew. Except those di￿10$ed in Related Party tsansaclions note to the
financial statements, there have been no transactions or dealings with any individual or enlilies connected lo
tru51ees or any other related parttes.
Plans for future periods
The drainage on holes 12 and 13 of the Leas Course is lo be completed.
We are currently exploring the opportunity of improvement of exlsting car park lighting.
Page 6

ETCHINGHILL GOLF TRUST
IA Company Limited by Guarantsel
TRUSTEES. REPORT (CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
ststement of Trustèes. responsibilities
The Trustees (who are also the directors of the Chanty for the purposes of company lawl are responsible for
preparing the Truslee5' Report and the financial slalements in accordance with applicable Law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel.
Company law requires the Trustees lo prepare financial statemen15 for each finaneial . Under company law, the
TrUst￿S must not approve the financial statements unless they are satisfied that they give a true and fair view of
the slate of affairs of the Charity and ol its incoming resources and application of resources. including ils inctsme
and expendituie. for that per>Dd. In preparing these financial statements, the Trustees are required to.
select suitable accounting policies and then appty them consislenlly.
observe the methods and principles of the Charities SORP IFRS 102).,
make judgments and accounts.ng estimates that are reasonable and prudent;
stste whether applicable UK Accounting Standards IFRS 1021 have been followed. subject to any material
departures dÉsclosed and explained in the financial statements..
prepare the financrdl slalemenls on the going concem basis unkss it is inappropriate to PTesume that the
Charity will conts.nue in business.
The Trustees are responsible for keeping adequate accounting records that are suffiuenl lo show and explain
the Charity's Iransath'ons and disdose with reasonable ac¢uraGy al any time the financial position of the Charty
and enable Ihem lo ￿sure Ihal Ihe fmancial ststements compty with tre Companies Ad 2006. They are 8150
responsib￿ for safeguarding the assets ol Ihe Ctwty ar￿ herKe for taking reasonablè slep5 fsy the Pfgvenlion
and detection ot fraud and other iffegulariti"es.
Disclosure of inlonnation to auditors
Each of the persons who are Trustees al the lime when this Trustees, Report is approved has confirmed that.
so lar as that Trustee is aware, there is no re￿vant audit infomiabon of which the charitys auditors are
unaware. and
that Trustee has Liken all the steps that ought to have been taken as a Truslee in order lo be aware of
any relevant audit information and lo establish that the charill5 audiiors are aware of that information.
Auditors
The auditors, Pure Audit Limf(ed, have indicated their willingness to continue in office. The designated Trustees
will propose a motion reappointing the audi(ors at a meeting of the Trustees.
Approved by order of the members of the board of Truslees and signed on their behaff by..
PNTory
(Chaii of Trustees)
Dale..
Page 7

CHINGHILL GOLF TRUST
IA Company Lirnit8d by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ETCHINGHILL GOLF TRUST
Opinion
We have audited the financial statements of Elchinghill Gotf Trust Ithe 'thantable company'l lor the year ended
31 March 2025 which comprise thè Statement of Financial A¢iNities. the Balance Sheet. the Statement of Cash
FI¢)1￿ an¢J the related notes. including a SUrnrr￿ry ol s￿nI￿an1 accounting policies. The r?nancial reporting
frame￿Ork that ha$ been appr￿d in their preparati¢)n is apph&ible ￿ and Uniiad Kingdom Accounting
Standards, induding Financial Repo￿n9 Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic of Ireland, (Unrted Kingdom Generally Accepted Accounting Praclicel.
In our opinion the finaneial statements=
give a true and fair vvew of the slate of the charitable companls affairs as al 31 March 2025 and of ils
incoming resources and application of reSoUr￿s. including its income and expenditure for the year then
ended..
have been properfy prepared in accordance with United lQ"ngdom Generally Accepted Accounkn'ng
Practice, and
have bèen prepa￿ in accordance h￿th the requiiemenls of the Charities Act 2011.
Basis for opinion
We cOndL￿ed our 8udrt In a¢cord3nce wrth Intemalional Siandards on Audrting IUKI IISAS IUKII and appIl￿ble
law. Our responsibilities under those stsndards are fvrther described in the Auditors, responsibilities for the audit
of the financial statements seth.on of our reporL We are independent of the charrtable company in accordance
with the ethical requirements that are relevant lo our audit ol the financial statements in the United Kingdom,
including the FinanckAI Reporting Council's Ethical Standard, and we have fu￿111ed our olhei èthical
responsibilities in accordance with these requirements. We bdwe th81 the audit evidence we have obtained is
sufficient and appropriate lo provide a basis for our Opin￿￿.
Conclusions relating to going Concern
In audrting the financial statements, we have wncluéed that the Trustees. use of the goir4J concern basis of
acctsunling in the p￿paratIon of the financi￿ stslements is appropriate.
Based Dn the work WE have performed. have not hleniffied any mateff7d untertasnljes relating lo events of
ndrtlDns Ihal. indiwdually or colleclNely. rnay cast signrficant 4S)ubl on the ¢haritable company's ability lo
continue as a going concern for a period of al kasl fvlelve months from when the financial slalemenls are
aulhorised for Iss*Je.
Our responsibilities and the responsibil￿"e$ of the Trustees wrth res￿ lo going concern are described in the
relevanl sections of this report
Page 8

CHINGHILL GOLF TRUST
{A Company L•mri8d by GtsaTantee}
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ￿CHINGHlLL GOLF TRUST ICONTINUEO}
Other information
The other infomaknon cornpri3e5 the Inf0mi8t￿n Ir￿ul1￿ In Ann￿ Report olher than the finanaal
sl*ernenls and our Auditors. Report thereon. The Trustees are responsible for the other informat￿n conlalned
within the Annual Report. Our opIn￿n on the financial statements does nol cover the other Inlormalion and,
except to the extent olhewse è¥pli¢rtly staled In our report. we do not express any fom) of a55urance conclusion
thereon. Our rasponsbi Ilty to read the other Inforrnatw and in doiry so. consider whether the other
Information ss materialty Inconsistent with the finanaal slalerr*nts or our kr￿lledge obtained In tne colaw of the
audrt, or olherM5e appeafs lo be maleriaty misstsled. If we idenbfy such m8lenal Incon$islencies or apparent
matenal misstslemen15. we ao required to determine whethet thi8 gtves nse lo 3 material mL55talemenl In the
rinancial statements themselves. If. based on the work we have performed. we conclude that there is a material
misstatement of this other infomiation. we are required to report that f&t.
We have nothing lo report in this regard.
Matters on which we are required to report by ex¢eptton
Vve have nothing lo report in respect of the following matters Whe￿ the Charibes IA¢¢ounls and Reports
Regulations 2008 requires us to report to you rf, in our opinKIn.'
the infomiab'on given in the Trustees. Report is in￿nsIstent in any material respect wrth the financi81
stslemenls". or
sufficient accounting records have not ljeen kept.. or
the financial st8lemenls are not in agreement with the accounting records and retums,. or
we have not received all the inf0m1at￿n and explanations we require for our audit
Rgsponsibilities of trustees
As explained more fulty in the Trustees. Responsibilrttes Statement, the Trustees (who are also the directors of
the charitable Company for the purposes of company lawl are responsib￿ for the preparation of the financial
s121emenls and for being satisfied that they give a true and fair view. and for such Internal control as the
Trustees determine is necessary to enable the preparation of financkgl statements that are free from material
misslalement, whether due lo ftaud or error.
In preparing the finanaal stalemants. the Twstees are reskbjnsl￿e for 8sstt*ng the charrt3ble ccmpanY5 abilty
lo conb'nue a5 a going ￿ncern. disclosing. as applicable. matters relaied io goirvJ concern and using the g￿ng
concem basis of accounting unless the TrUst￿S either intend lo Itquidale the charitable Company or to cease
operations. or have no realislc altemative but to do so.
Page 9

ETCHINGHILL GOLF TRUST
{A Company Llmlted by Guarantee)
INDEPENDENT AUDITORS. REPORTTO THE MEMBERS OF ￿¢HINGH1LL GOLF TRUST ICONTINUEDI
Auditors. responsibilities for the audit of the financial ststements
We have béen appointed as aud-rtor under section 144 of the Charrties Act 2017 and report in accordance with
the Act and rèlevant Wtjlalions made or having effect Ihereunder.
Our objectives are lo oblain rgasonable assurance about whether the financ￿1 statements as a whole ar8 freg
from material misstatement, whether due to fraud or error. and to Issue an Auditors, Report that includes our
opinion. Reasonable assurance is a high revel of assurance, but is not a guarantee that an audrt conducted in
accordance WFth ISA5 IUKI wll a￿VayS delect a material misstatement when It exists. Misstatements can arise
from fraud or error and are considered material rf. Individualty or In the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities. induding fraud, are instances of non-cornpl1an￿ with laws and TegulatK)ns. We design pro¢edU￿$
In line with our responsibilittes, ouuined above. lo detect mater]al misstalements in iespe¢t of Irregulanlies,
including fraud. The extent to wh￿h our procedures are Capabie of detecting irregularitigs, ineluding fraud is
detsiled below..
Extent the audlt was considered capable of detectlng irregularrties. including frnud:
Vve idenlfy and assess the risks of m*erial misstatement of the financial ststements. whether due lo fraud or
error, and then design and perfom audit procedures ie5ponsive to those risks. incI￿1ng obtaining audit
evidence that is sufficient and appr¢¥riate lo provide a basis for our opinion.
Idontfying and assèssing potential risks related to irregularities:
In identifying and assessing risks of material misstatement In respect of iffegularTties. including fraud and non-
cornplian¢e with laws and wuL8lions, we considered the following".
The nature of the industry and sector. control environment and business performance including the design of the
Enty'ly's remuneration policies, key drivers for staff remuneration. bgnus levels and performance targets,. resuts
of our enquines of management about their own identfficalion and assessment of the risks of irregularities and
any matters we identified having reviewed the Entrty's policies and procedures." the mallers discussed among the
audrt engagement team regarding how and where fraud might occur in the financial statements and any potential
indicators of fraud_
As a ￿sU7t of these procedures, we considered the opportuni(ies and incentsves that may exist within the
organisation for fraud and identtfied the greatest potential lor fraud In relation lo revenue recognition. In common
with all audrts under ISAS IUKI, we ale also iequired lo perfomi specific prctedures to respond lo the risk of
management override.
We also obtained an understanding of the legal and regulatory frarneworks that the Entity operates in and
focused on those laws and regulations that had a direct effect on the detemiination of material amounts and
disclosures in the financial statements. The key Laws and regulat￿nS we considered in this context included the
Cornpanies Ad 2006 and charit￿$ AGI 2011.
Audit response to risks identified
As a resuh of perfom)ing the above, we identified revenue reco3nrtKJn as key audrt matter related lo the potential
risk of fraud. Our procedures lo respond to risks identsf*d ￿l￿ded the follNbng".
reviewing the financial slalemenl disdosures and testing to supporting docunEntalion lo assess
compliance wlh provisions of relevant laws and regulations descnbed as hawng a direct effect on the financial
statements",
Page 10

CHINGHILL GOLF TRUST
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ETCHINGHILL GOLF TRUST ICONTINUED}
enquinng of management, con¢eming actual and wtentL41 lit￿atIOn and daims."
perfo¥ming anatytical procedures lo thnlrfy any unusual or unexpeeted re￿I￿nsh￿S that may indtai
risks ol nN1tefI￿ misstatemMt due lo fraud.
obtaining an understanding of provisions and discussing wrth management lo understand the basis of
r￿OgnItion or non-recognition of tax proVis￿n$". and in addressing the risk of fraud through management
override of controls. testing the appropriateness ofioumal entries and other adjustments." assessing whether tha
judgements made in making accounling eslimales are indicative of a potential bias," and evaluating the business
ratonale of any signthcant transactions ihal are unusual or outside the nomial ¢OUTse of business.
We also communicated ielevanl identified laws and regulation5 and potential fraud risks lo all engagement team
member5 2nd remained alert lo any indicatKJns of fraud or noncompliance with laws and ￿gUlationS throughout
the audit.
Because of the inherent limitations of an audit. thefe is a risk that we wll not detect all irwularilies, including
those leading lo a material misstatement in the financial slalemenls ￿ non-compliance with regulation. This risk
increases the more that compliance with a law or wulalion is removed from the events ?nd transactions
refiected in the financial stalemenls. as we wll be less likety to bewme aware of instances of non-compliance.
The risk is also grealei regarding irre9ularities occurring due to fraud rather than eritsr. as fraLtd involves
intentional Con￿alMent, forgery, eollusion. omission or Misrepresenlat￿n_
A further description of our responsibl1rt￿ foi the audrt of the financial ststemenls is located on the Financiat
Reporting Council's website at". www.frc.o
.uklaudrtorsre
Auditor5, Report.
onsibilities. Tris description forms part of our
Use of our report
Thi5 report is made solety lo the charrta￿e compaws trustees. as a body, in accordanee with Part 4 01 the
Charities (Accounts and Reports) Regulations 2008. Our audrt work has been unrtertaken so that we might slate
lo the charitable companls Iruslees those matters we are required to stsie lo them in an A￿dItorS, Report and
for no other purpose. To the fullest extent permitled by law, we do not accept or assume responsibilty lo anyone
other than the chafilable company and rts member5. as a body. for our audit worf(, for this report, or for the
opinions we have formed.
Pure Audit Limit•d
Chartered Certified Accountants & Statutory Audrtors
76 Canterbury Innovation Centre
University Road
Canterbury
Kent
CT2 7FG
Date.24 November 2025
Pure Audrt Limited are eligible lo ad as auditors in terms of section 1212 of the Companies Act 2006.
Page11

ETCHINGHILL GOLF TRUST
IA Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
funds
2025
Total
funds
2025
Total
runds
2024
Note
Incom& from..
Charitable actNi118S
Investrnents
2,156,422
12.000
2.156,422
12,1XlO
1,879,860
12.661
Total income
2,168,422
2,168,422
1.892. 527
Expenditurè on:
Charitable aclivrties
1.862,266
1.862,266
1, 612, 745
Total expendituro
1,862,266
1,862,266
1.612. 745
Net movement in funds
306,156
306,156
279, T82
Rgconciliation of funds-
Total funds brought forwanl
Net movement in funds
365.050
306.156
365,050
306,156
85,268
279, 782
Total funds carried fovHard
671,206
671,206
365.050
The Stslement of Financial Activities includes a￿ gains and losses recLYJni￿￿ In the yeaf.
The notes on pages 16 to 30 fom) part of these finan¢ial statement&
Page 12

EfcHINGHILL GOLF TRUST
IA Company Limited by Guarantee}
REGISTERED NUMBER: 13593368
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
Fixed assets
Intangible assets
Tangible assets
11
12
147.240
834,749
169,054
151.302
981,989
320.356
Current assets
Stocks
70,390
30.343
217.970
67,363
32,161
339,246
Debtors
Cash al bank and in hand
14
318,703
438. 770
Current liabilities
Credrtors. amounts f811ing due wthin one
15
1497.6521
(394,076)
Nel current liabilities l assets
1178,9491
44,694
Total assets lèss current liabilities
803.1)40
365,050
Creditors.. arnounls falling due after more
than one year
16
1131,8341
Net assels excludlng pension asset
671,206
365, Q50
Totsl net assets
671,206
365,05Q
Charity funds
Restricted lund$
Unrestricted funds
18
18
671,206
365,050
Totsl funds
671.206
365.050
The entity was entitled to exempt¥on from audrt under S￿tiOn 4T1 of the Companies Act 20C6.
The members have not required the ents.ty lo obtain an audrt for the year in question in accordance with sedion
476 of the Companies Act 2006.
However, an audrt is required in accordance with section 144 of the Charrties Act 2011.
The Trustees acknowledge their ￿ponsIbIlitieS for ¢omplwng wrth thè requirements of Ihe Act wrth respect lo
accounting record5 and preparation of financial stslemenls.
Page 13

EfcHINGHILL GOLF TRUST
IA Company Limited by Guarantael
REGISTERED NUM8ER: 13593368
BALANCE SHEET ICONnNUEDI
AS AT 31 P41ARCH 202S
The financial slalernenls have been prepared ￿ accordance wth the provisions applicable lo entities subject lo
the small companies regime.
The financial ststements were apptoved and authorised for issue by the Trustees and signed on their behalf by."
PNTory
{Chair of Trustees
D*e." 24 Novem
r 2025
The notes on pages 16 to 30 form part of these financial statements.
Page 14

ETCHINGHILL GOLF TRUST
IA Company Limited by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Cash nows from operatin9 activities
Nel cash used in operatin9 actwibes
530,257
239,547
Cash flows from investing activllles
Proceeds from the sale of ￿ngible fixed assets
Purchase of tangible fixed assets
20.000
1836,8741
(40,809)
Net cash used in investing actNities
1816,8741
{40,8091
Cash flows from financing activities
finance leases
Repa￿entS of finance ￿aseS
185.123
119.7821
Net cash provided by finan¢ing activities
165.341
Change In cash and cash equivalents in the year
Cash and cash equivalen15 al the beginning of the year
1121,2761
339.246
198.738
140,508
Cash and cash equivalents at the end of the year
217.970
339.246
The notes on pages 16 10 30 fom part of Ihese financial Stat￿nts
Page15

EfcHINGHILL GOLF TRUST
(A Company Limited by Guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
General infomiation
The entity is a Charitab￿ company incorporated in England and Wales under registration number
13593368. The char((able company is limited by guarantee and has no share caprtal. In the event of it
being wound up, the liability of each member is limited to £1.
The charitable companys registered offi￿. whth is *0 a principal place of business, is situated at".
The Estate Office. Etchinghill Golf. Canterbury R(￿, Etchinghill, Folkeslone, Kent, England, CT18 8FA.
Accounting policles
11 Basis of preparation of financial statements
The financial statements have been prepared in accordan￿ v4ith the Charities SORP IFRS 1021
Accounting and Reporting by Charities". Statement of Recommended Practice applicable lo Char￿eS
prepartng their accounts in accordance wrth the Financial Reporting Standard applicable in the UK
and Republtc of Ireland IFRS 102) (effective 1 January 20191. the Finan¢ial Reporting Standard
applicable in the UK and Republ￿ of Ireland IFRS 1021 and the Companies Act 2006.
Etthinghill Goil Trust meets the definrlion of a public benefft enlty under FRS 102. Assets and
liabilities are inits.ally recc¥nised al hislorical cost or transackn.on fdlu& unless otherwise staled in the
relevant accounting policy.
2.2 Going concem
The financial ststemenls have been prepared on a going concern basis. Al 31 March 2025 the charity
had nel current liabilrties of £178.949 12024." nel current assets £44.6941. The year end position
reflects significant Caprtal investment during the year {£836.874 a￿d￿￿n5, including £441,538 asset
under conslruclionl. The charity generated net cash from opeialing activ￿eS of £530.257 in the year
and hekl cash of £217.970 al year end. After making appropriate enquiries. the Trustees have a
reasonable expectation that the Charty has adequate resources to continue in operational existence
for the foreseeab￿ future. The Trustees have concluded that the￿ a￿ no material uncertainties that
cast significant doubt on the ¢harity'5 abilty lo contsnue as a going concern for that period..
accordingly. the going concem basis remains appropri*e.
2.3 Income
All income ￿ reccgnised once the Charty ha5 entitlement to the ine¢me, tt is probab￿ that the
income vrill be received and the amount of income rece1vab￿ can be measured reliably.
2.4 Expenditure
Expendtiure is recognised once there is a legal 01 constructive obligatM)n to Iransler economic benefft
lo a third paty. it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligalv)n can be measLJred reliably. Expenditure is classified by activity. The costs
of each activty are made up of the total ol direct costs and shared costs. including support costs
involved in undertaking each aclNyty. Direct costs attributable to a single actiwty are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activty are apportioned between those activitie5 on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of b.me spenl, and depreciation
charges allocated on the portion of the asset's use_
Page 16

CHINGHILL GOLF TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (Continued)
2.4 Expenditure l¢ontinuedl
Expendrture on Charitab￿ acIN￿"eS is incurred on direcrfy undertaking the aCtMt￿S which further the
Chartys obieclives. as well as any asxxiated support costs.
Grants payable are charged in the year when the offer i8 made except in those Cases where the offei
is conditional: such grants bein9 recognised as expenditure when the conditions attaching are
luifilled. Grants offered subject to condTtions which have not been mel at the year end ar& noted as a
commrtment. but not accrued as expenditure.
2.5 Intangible assets and amortisation
Intangible assets costing £1000 or more are capitslised and recogni$￿ when future economie
benefits are probable and the tsxl or value of the asset can be measured reliably.
Goodw'll arising on the acquisi(ion of a business is capitalised al cost and anortised on a straight line
basis over f(s estimated usefvl economi¢ lrfe of 10 yeats.
Intangible assets are inrtwlty recognised al cost. After recognition, under the cost model, intangible
assets are rneasu￿d al cost kss any accumulated amortsalion and any accumulated impaiment
losses.
AmortF'salion is promded on intangible assets at rates c*ulaled lo write off the cost of each asset on
a slraighl-line basis over ils expected usefvl lrfe.
The estimated usefibl lives are as follow5:
Computer $01fv4are
10 years
16 Tangible fixed assets and deprnciation
Tangible fixed assets are inilialty recognised at ￿$t. After reco9nilion, under the cost ￿0de1, tangible
fixed assets are measured at cost less ac¢umulaled depreciation and any accumulated impairment
losses. All costs incurred lo bring a tangible fixed asset Into f(s inlended working condition should be
induded In the measurement of cost.
Depreciation is charged so as to all¢)cate the cost of tangible fixed assets less their residual v81ue
over their estimated useful lives, using the Stra￿hlAIne method.
DepreciatK)n is provKled on the f¢JltrwiThJ basis
Plant and machinery
Motor vehtles
Fixtures and fittings
Other fi'xed assets
20010
20Q/.
200
17 Stocks
Sla¢ks are valued at the lower of cost and nel realisable value afier making due allowance for
obsolete and slow-moving stocks. Cost ir￿ljdeS all direct costs and an appropriate proportion of fixed
and variable overheads.
Page 17

EfcHINGHILL GOLF TRUST
IA Company Limited by Guarantèe)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies Icontinufjd)
18 Debtor5
Trade and other debtors are ￿tr]nIsed at the settlement amount after any trade discount offered.
Prepayments are valued al the amounl prepaid nel of any trade discounts due.
19 Cash at bank and in hand
Cash at bank and in hand indudes cash and short-term highly liqukl investrnenls with a short maturity
of three months or less from the dale of acquisrtton or c¢)ening of the deposit or similar ac¢ounl.
2.10 Liabilitle$ and provtsions
LJabi1￿.eS are recognised when there is an rtJlig*iry) al the B￿ance Sheet date as a resutt of a past
event, it is prob8ble that a transfer of eeonomic benefit wll be required in setmemenl, and the amount
ol the settlement can be eslimaled rel￿ty.
Li8bilities are recognised al the amount that the Charity anticipates it wll pay lo settse the debt or the
amount rt ha5 received as advanced payrnenls for the goods or services il musl provide.
Provisions a￿ measured al the best estimate of the amounls required lo settle Ihe 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 pr&lax discount rate that refiects the risks specrfic lo the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.11 Financial instruments
The Char1ty only has financial assets and financial liabilities of a kind that qualfy as basic financial
instruments. BasK financial instnjrnents are Initsally rèwanised at transactKJn v￿ue and subsequently
meaguied at thelr setdemenl value with the exceptw of bank loans which are 8ubsequ8ntly
Measur￿ al amortised cost Ustng the effectwe interest methcxj.
2.12 Finance leases and hire purchase
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed
assets. Assets acquired by finance lease are depreciated over the shorter of the lesse term and their
useful lives. Assets acquired by hife purchase are ¢Jeprecialed over their useful lives. Finance leases
are those Whe￿ substantially all of the benelrts and risks of ownership are assumed by the Charyty.
Obligalions under such agreements are included in creditois, nel of the finance charge allocated to
future periods. The finance element of the rental payment is charged to the Statement of Financial
A¢livilies so as to produce 8 constant perh)dic rate of charge on the net obl￿allon outstanding In
each perh)d.
2.13 Operating leases
Rentals paid under operabng leases are charged lo the Statement of Financial Activities on a
slraighl-line basis over the lease temi.
2.14 Pensions
The Charity operates a defined conlribut.ion pension scheme and Ihe pension charge represents the
amounts payable by the Charty to the fund in respect of the year.
Page18

ETCHINGHILL GOLF TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting poli¢ies (continued)
2.15 Fund accounting
Geneol funds are uniestricled funds which are availab￿ for use at the disc￿li0n of the TTUStees in
fvrtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Restricted funds are fund5 which are lo be used in accordance wrth 5pecrfic restrictions imposed by
donors Of which have been raised by the Charrty for particular purposes. The costs of raising and
adminislenng ssJ¢h fvnds are charged against the Specif￿ fund. The aim and use of each reslricled
fvnd is sel out in the r￿e$ to the financial statements.
Investment income, gains and losses are alk(ated lo the appropriate fund.
Critical a¢counting estimates and areas of judgment
In preparing these financial statements, the trustees are required to make estimates and judgefflenis that
affect the amounts recogni$ed in the financial statements. Esbmates and judgements are continually
ewdlualed and a￿ based on historical experience and other factors, induding expectations of future
events that afe considered reasonable under the cireumstsnces.
Cntical accounting estimates and assumptions."
Eslimale$ are used in determining the carrying values of assets and liabilities that are not readily apparenl
from other sources. These estimates are b8sed on management's best kno￿edge of current events
events and actions that the Charity may undertake in Ihe fulure. Actual resuf(s may differ from these
esbmales.
The Charty makes estimates and aSsuMpt￿nS concerning the future. The resulting accounting estimates
and assunwlions will. by definition. seldom equ81 the related actual results_ The estimates and
assumptions that have a significant risk of causing a material adjuslment lo the carrying amounts of
855ets and liabilities within the next financial year are dI￿u5$e￿ below.
Useful economic Irves of fixed asset5". The annual depreaabon and amortisalion charge is based on the
estimated useful economic lives and residual values of tangible and intangible fixed assets. These are
delemilled by rnanagemenl with reference lo the nature of the assets. their expected usage, and past
experience with similar assets. Reviews are undertaken annual￿ lo a55ess whether the estimates remain
appropriate.
Ineome from charttable actlvitles
Unrestricted
funds
2025
Total
fund$
2025
Golf. bar and restsurant
2.156.422
2,158,422
Page 19

CHINGHILL GOLF TRUST
IA Company Limlted by Guarantae)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from charitable activitiès Icontinuedl
UnTrstricled
funds
2024
Total
furKIs
2024
G(Af. bar and restaurant
1.879,86Q
1, 879,860
Inv¢stment income
Unrestri¢ted
funds
2025
Total
funds
2025
Rental inwme
12,000
12,000
Unrestricl8d
funds
2024
Total
lunds
2024
Rental income
72,667
12, 667
Analysis of expendituro on charitable activitses
Summary by fund type
Unwtricted
funds
2025
Total
2025
Golf. bar and restaurant
1.862,266
1,862,266
Page 20

CHINGHILL GOLF TRUST
{A Company Lirnited by Guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of expenditurè on Charitable activities l¢ontinued)
Summary by fund type Icontinuedl
un￿Sti7ClSd
lunds
2024
Total
2024
GCAI. bar and restsurant
1,672, 745
1.612, 745
Anatysis of expenditure by activities
Activitie$
undertaken
directly
2025
Support
costs
2025
Total
funds
202S
G￿, bar and restaurant
685,989
1,176,277
1,862,266
Activilies
undertaken
diwuy
2024
Support
¢osts
2024
Totsl
funds
2024
Golf, bar and restaurant
625.843
986,902
1.612, 745
Auditors. ￿mUneration
2025
2024
Fees payabie lo the Chariws audrtor for the audrt of Ihe Chantls annual
accounts
5,300
Page 21

CHINGHILL GOLF TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Stsff Costs
2025
2024
Vvages and salaries
SC￿la1 securty costs
Contribution to defined wntributs.on pension schemes
66S,385
45,540
10.061
654.533
38.761
9.110
720,986
702, 404
The average number of persons empk)yed by the Charty during the year was as follows..
2025
No.
2024
No.
Admin and management
32
29
No empbyee re¢eNed remuneration amounting lo more than £60,000 in either year.
10. Trustees. remuneratlon and expenses
During the year, no Trustees receNed any remuneration or other benefrts (2024 - £NIL).
Ouring the year er￿ed 31 March 2025, no Trustee expenses havo be￿ incurred (2024- £NILJ.
Page 22

ETCHINGHILL GOLF TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11. Intsngible assets
Goodwill
Cost
At 1 April 2024
218.134
At 31 March 2025
218.134
Amortisation
At 1 April 2024
Charge for the year
49,080
21,814
At 31 March 2025
70.894
Net book value
At 31 March 2025
147,240
At 31 Ma￿h 2024
169,054
12. Tanglble fixed assets
Plant and
machinèry
Motor Fixtures and Asset under
vehicles
fittings construction
Total
Cost or valuation
At 1 Apnl 2024
Additions
Disposals
167.050
237,095
{58,4121
16228
71,689
158,241
254.967
836.874
(58,4121
441.538
At 31 March 2025
345.733
16.228
229.930
441,538
1,033,429
D•preciation
Al 1 Apnl 2024
Charge for the year
On disposals
70.601
69.147
(23,3641
7,927
3.246
25.137
45.986
103,665
118,379
{23,3641
At 31 March 2025
116.384
11,173
71,123
198.680
Page 23

CHINGHILL GOLF TRUST
IA Company Umited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 202S
Tangible fixed assets {continued}
Plant and
machinery
Motor Fixtures and A$$et under
vehicles
fittings ¢onstruction
Total
Net book value
At 31 March 2025
229,349
5.055
158,807
441.538
834,749
At 31 March 2024
96,449
8.301
46,552
151,302
13. Stocks
2025
2024
Finish￿ goods and gtXKls for resale
70,390
6T,363
14. Debtors
2025
2024
Due within one year
Trade debtors
othor debtors
Prepayrnents and accrued incomè
3,387
1.498
25,458
15.609
779
15.773
30,343
32.101
15. Credltors: Amounts falling due wtthin one year
2025
2024
Trade creditors
91,807
25,725
33.507
38,987
307,626
68,918
20,707
Othtrr tsxalion and soual security
Obligations under finance lease and hire purchase contracts
Other credf(ors
Accruals and deferred income
53,325
251, 126
497,652
394,076
Page 24

ETCHINGHILL GOLF TRUST
IA Company ￿MIt￿ by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
16. Creditors: Amounts falling duè after mofe than one year
2025
2024
Net obligattons under finan￿ lease and hire pur¢hase contr*s
131,834
17.
Flnancial instruments
2025
2024
Financial assets
Financial assets measured al am0￿Se￿Se￿IeMenI value
217.970
339,246
Page 25

ETCHINGHILL GOLF TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 PIARCH 2025
18. Statement of funds
Statement of funds- current yèar
Balance at
31 March
202S
Balance at 1
April 2024
Income Expenditure
Unrestricted funds
General Funds - all fvnds
365.050
2.168,422 11,862,266)
671,206
Page 26

CHINGHILL GOLF TRUST
IA Company Limiied by Guarantse)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
18. Statement of funds Icontinued)
Statoment of funds- prior year
Ba18nce al
31 March
2024
Balan￿ at
t Apnl 2023
Income EKpendifure
Unrestricted funds
General Funds- all funds
85.258
1.892. 527 (1, 612, 745)
365,050
19. Summary offunds
Summary Of funds - current year
Balance at
31 March
2025
Balance at 1
April 2024
Income Expendlture
General funds
36S,050
2,168,422
11,862,265)
671,206
Summary of lunds- prior year
Balance al
31 March
2024
Balance al
l Apnl 2023
Incomg Eypenditu
General funds
85.268
1,892 527 (1, 612, 745)
365, 050
Page 27

EfcHINGHILL GOLF TRUST
IA CompaTry Limlted by Guar4nteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
20. Anatysi$ of net assets beknween funds
Analysis of n¢t assots between funds- ¢urrent year
Unrestricted
funds
2025
Total
lunds
2025
Tangible fixed assets
Intangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
834.749
834,749
147.240
147,240
327.003
327,003
1505.9521
1505,9521
1131,8341 1131,8341
Total
671.206
671,206
Analysis of net assets be￿e¢n fund5- prior year
un￿Stricted
funds
2024
Tolal
fijnds
2024
Tangible fixed assets
Intangib￿ fixed assets
current assets
Creditors due within one year
151.302
169,054
438, 770
(394,076)
151,302
769,054
438. 770
(394,076)
Totsl
365,050
365, 050
Page 28

CHINGHILL GOLF TRUST
IA Cmipany Limited by Guarnntee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
21.
Reconciliation of net movement in funds to net cash fl¢)w from operating activities
2025
2024
Nel income for the year las per Statement of Financial Ad1Vrt￿5I
306,156
279, 782
Adjustments for:
Depreciation charges
AmL)rtisation charges
Loss on the Sa￿ of fixed assets
Decreasellincreasel in stocks
De¢reasellincrea5el in dèbtors
Increaselldecreasel in creditors
118,379
21.814
15,048
13,0271
16,4821
78,369
50,994
21.814
7,568
16,827
(137,438)
Net cash provided by operating activities
530,257
239,547
22. Analysis ol ¢ash and cash equivalents
2025
2024
Cash in hand
217.970
339,246
Totsl cash and cash equivalents
217,970
339, 246
23. Analysis of changes in net debt
At 1 ApiS1
2024 Cash flows
At 31 Mar¢h
2025
Cash at bank and in hand
Finance leases
339,246
{121,2761
217.970
{165,3411 (165,3411
339,246
1286.6171
52,629
24.
Pension commitments
The charity operates a defined contribution pens￿ scheme. The assets of the scheme are held
separately from those of the charity in an Independently administered fund. The pension cost charge
iepresenls contribulions payable by the charity to the fund and amounted lo £10k 12024.. £9.1kl. An
Page 29

CHINGHILL GOLF TRUST
IA Company Limlied by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 202S
24.
Pension cornmitments (continued)
amount of £2k12024." £2kl was payable to the fund at the balance sheel date and is included in creditors.
25. Operating lease commitments
At 31 March 2025 the Charity had ￿Mmitt￿ents to make ftrture minimum lease payments under non-
cancellable operating leases as fdlows_"
2025
2024
Not later than 1 year
Later than 1 year and not later than 5 years
43,388
84,629
43.388
128,231
128,017
171,619
26.
Related party transactions
The Charity charged a rent of £12,IXII 12024.. £12,66n lo Pentknd Homes Lld IPHLI, a company
connected with Iruslees.
D￿r￿g the year, the Charity purchased £3.031 worth of goods and serwiees from PHL.
At the year end, PHL owed £2,845 to Ihe Charity.
The Charity paid rent of £125,00012024'. £125,OCK)I to The Tory Famity Foundation. a charity connected
with trustees.
During the year. Cave Hotels UK Lld18 company ￿nnected with trustees) re-charged salaries costs of
£87,29512024. £139.716}
At the year end, Cave Hotels UK Ltd owed £429 to the Charty.
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