REGISTERED CHARITY NUMBER: SC049286 ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 for Children's Golf Trust TBDunn&Co Ground Floor (part) 8000 Academy Business Park 51 Gower Street GLASGOW G51 IPR
Children'5 Golf Trust Contents of the Financial Statements for the Year Ended 31 March 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activitie5 Balanee Sheet Notes to the Financial Statements
Children's Colf Trust ort of the Trustees for the Ye2r Ended 31 Mgrch 2025 The trustees present their report with the financial staternents of the chaTity for the year ended 31 March 2025. The trustces have adopted the provisions of Accounting and Reporting by Charitie5: Statement of Recommended Pra¢tice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims Our aim is to increase the participation of children playing golf and to provide a pathway from schools to possible membership at golf clubs. To achieve this aim we fund enthusiastic PGA Professionals to provide golf for all primary school children in their local community by: Delivering golf sessions in Primary Schools during Cu]culuM time. Providing after-school golf sessions at the schools and golf clubs. Running golf festivals at schools. parks or golf clubs. ACHIEVEMENTS AND PERFORMANCE Charitable activities Children's Golf Trust has continued to receive donatlOn5 during the year. Between April 2024 and Spring 2025 the PGA Professionals have delivered coaching sessions to 26 schools. This ha5 provided around 10,000 children the experience of golf at Primary School - many for the first time. FINANCIAL REVIEW Financiol position The financial position of the Charity is Sho in the financial statements which accompany this reporL Reserves pollcy As shown within the financial statements. the Charity has unrestricted reserves of £39,366 (2024., £41,941). The Trustees consider this level of reserves suffjcient to enable the Charity to continue to promote its activities for Ihe foreseeable future. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Tlie Charity is conli'olled by its gov¢rning docum¢nt, a de¥d of trust and constitutes an unin¢orporated Charity. Recruitment and appointment of new trustees The Trustees of the Charity are responsible for the managem¢nt and administration of the Charity in aecordance with the trust d¢¢d. Th¢ Trustees, by way of a resolution passed by majority vote at a meeting of the TNstees, can appoint any individual as a Trnstee, subject to them being at least 18 years old and never being disqualified from office. The minimum number of Trustees are three. Apart from the first Tru5t¢es, every Trustee must be appointed for a terni of two years. The first Trustees shall hold office for the following periods respectively: REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number SC049286 Principal address Page I
Children's Golf Trusl ort of the Trustees for the YeAr Ended 31 March 2025 Trustee$ Inde endent Examiller Approved by ordeT of the board of trustees on 19 December 2025 and signed on its behalf by: Page 2
Inde endent Examiner's Re ort to the Trustees of Children's Golf Trust I report on the accounts for the year ended 31 March 2025 set out on pages four to nine. Respectlve responslbllltles of trustees and examlner The charity's trustees are responsible for the preparation of the accounts in accordance with the tern of Ihe Charities and Trustee Investtncnt (Scotland) Act 2005 and the Chariti¢s Account5 (Scotland) Regulations 2006 (as amended). The charitgs trustees consider that the audit requirement of Regulation l O(l)(a) to (c) of the Accounts Kegulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matter5 have com¢ to my attention. Basis of the independent examiner's report My examination was carried out in accordance with Regulation I l of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presenled with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required an audit, and consequently I do Thot express audit opinion on the view given by the accounts. Independent examlner's statement In connection with my examination. no matter has Come to my attention . (l ) which give5 me reasonable cause to believe that. in any rnaterial respect. the requirements to keep accounting records in a¢cordanc¢ with Section 44(1)(a) of the 2005 Act and R¢gulation 4 of the 2006 Accounts Regulations. and to prepare accounts which accord with the aecounting records and to comply with Regulation 8 of the 2006 Accounts Regulations have not been met: or {2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. The Association of Chartered Certified Accountants TBDunn&Co Ground Floor (part) 8000 Academy Business Park 51 Gower Street GLASGOW G51 IPR 19 D¢cemb¢r 2025 Page 3
Children's Golf Trust Statement of Financial Activities for the Year Ended 31 March 2025 2025 Unrestricfrd fund5 2024 Total nds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 24,532 38,299 Investment income 653 1,436 Total 25,185 39,735 EXPENDITURE ON Charitable activities Golf sessions 27.760 34,200 NET INCOME/(EXPENDITURE) (2,575) 5,535 RECONCILIATTON OF FUNDS Total fund5 brought fonvard 41,941 36,406 TOTAL FUNDS CARRIED FORWARD 39.366 41.941 The notes form part of these financial statements Page 4
Children's GoifTrust Balanee Sheet 31 March 2025 2025 Unrestricted funds 2024 Total fimds Notes CURRENT ASSETS Cash at bank 44.841 45,641 CREDITORS Arnounts falling due within one year (5.475) (3,700) NET CURRENT ASSETS 39,366 41,941 TOTAL ASSETS LESS CURRENT LIABILITIES 39,366 41.941 NET ASSETS 39.366 41,941 FUNDS Unrestricted funds 39,366 41,941 TOTAL FUNDS 39,366 41,941 The financial statements were approved by the Board of Trustees and authorised for issue on 19 Decernber 2025 and were signed on its behalf by.. The notes forni part of these financial statements Page 5
Children's Golf Trust Notes to the Financial Statements for the Year Ended 31 Mareh 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepaTed under the historical cost Convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the atnount can be measured reliably. Expenditure Liabilities are recognised as expenditure a5 soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted foT on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxation The charity is exempt from tax on its charitable activities. Fund accounting UnTestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted pUOSeS within the objects of the charity. Restrictions arise when specified by the donor or when ndS are raised for particular restricted purposes. INVESTMENT INCOME 2025 2024 Deposit account interest 653 1.436 CHARITABLE ACTIVITIES COSTS Direct Costs Golf sessions 27,760 Page 6 continued...
Children's Golf Trust Notes to the Financial Statements- continued for the Year Ended 31 March 2025 TRUSTEES, REMUNERATION AND BENEFITS During the current and prior year none of the trustees have been paid any remuneration or received any other benefits. Trustees, expenses There were no trustees, expenses paid foi the year ended 31 March 2025 nor for the year ended 31 March 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds INCOME AND ENDOWMENTS FROM Donations and legacies 38,299 Investment income 1,436 Total 39,735 EXPENDITURE ON Charitable activities Golf sessions 34,200 NET INCOME 5,535 RECONCILIATION OF FUNDS Total funds bTought fonyard 36,406 TOTAL FUNDS CARRIED FORWARD 41,941 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other creditors 5,475 3,700 MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestrieted funds General fund 41,941 (2.575) 39,366 TOTAL FUNDS 41,941 (2,575) 39,366 Page 7 continued...
Children'5 Golf Trust Notes to the Finanelal Statements- continued for the Year Ended 31 Mareh 2025 MOVEMENT IN FUNDS - contlnued Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in fund5 Unrestricted funds General fund 25,185 (27,760) (2,575) TOTAL FUNDS 25,185 (27,760) (2,575) Comparatives for movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 36,406 5,535 41,941 TOTAL FUNDS 36,406 5.535 41,941 Comparative net movement in funds, included in the above are as follows.. Incoming Tesources Resources expended Movement in funds Unrestricted funds General fund 39,735 (34,200) 5.535 TOTAL FUNDS 39,735 (34.200) 5,535 A current year 12 months and prior year 12 months combined position is as follow5: Net movement in funds At 31.3.25 At 1.4.23 Unrestricted funds General fund 36,406 2,960 39,366 TOTAL FUNDS 36,406 2,960 39.366 Page 8 continued...
Children's Golf Trust Notes to the Finaneial Statements - continued for the Year Ended 31 March 2025 MOVEMENT IN FUNDS - continued A current year 12 month5 and prior year 12 months combined net movement in fimds, included in the above are as follow5.' Incoming Tesources Resources expended Movement in funds Unrestrieted funds General nd 64,920 (61,960) 2,960 TOTAL FUNDS 64,920 (61,960) 2,960 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2025. Page 9