RYDER CUP EUROPEAN DEVELOPMENT TRUST
growing the game of golf across Europe, encouraging participation and the related health benefits
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves fell significantly to £16,656 at year-end 2024, down from £142,095 in 2023, due to charitable expenditure exceeding income. The trustees report that the charity has adequate resources to continue in operational existence for the foreseeable future, adopting the going concern basis despite noting that the subsidiary did not generate sufficient funds for profit distribution in 2024.
What the accounts disclose
“Confederation of Professional Golf Limited 49,650 (18,000) 225,000 (13,000)”
“Expenses/donations with Ryder Cup European Development Limited 3,610 3,610”
“Confederation of Professional Golf Limited 49,650 (18,000) 225,000 (13,000)”
“Expenses/donations with Ryder Cup European Development Limited 3,610 3,610”
“Confederation of Professional Golf Limited 49,650 (18,000) 225,000 (13,000)”
“Expenses/donations with Ryder Cup European Development Limited 3,610 3,610”
“The charity owns 100% of the issued share capital of Ryder Cup European Development Limited, a company incorporated in England and Wales whose principal activity is to act as a partner in Ryder Cup Europe LLP.” — page 20
Funders the charity credits
- Confederation of Professional Golf
- The European Tour
- The Professional Golfers’ Association Limited
Trustees
- JONATHAN EDWARD MANNIEchair
- FRANK LEONARD KIRSTEN
- Ian Lyndley Randell
- Kenneth Douglas Schofield
- Martin Crook
- Phil Anderton
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £31k | £156k |
| 31/12/2023 | £2k | £319k |
| 31/12/2022 | £475k | £292k |
| 31/12/2021 | £18k | £204k |
| 31/12/2020 | £2k | £298k |
Common questions
Is RYDER CUP EUROPEAN DEVELOPMENT TRUST financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves fell significantly to £16,656 at year-end 2024, down from £142,095 in 2023, due to charitable expenditure exceeding income. The trustees report that the charity has adequate resources to continue in operational existence for the foreseeable future, adopting the going concern basis despite noting that the subsidiary did not generate sufficient funds for profit distribution in 2024. Its FY2024 accounts were audited by BK Plus Audit Limited.