PIKE HILLS GOLF CLUB
Provision of golf and associated activities
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £55,695 for the year ended 31 December 2024, with total income of £557,827 against expenditure of £502,132. However, the charity's free reserves were in a deficit of £20,125, which is below the Trustees' stated policy target of £125,000 (equivalent to three months of running costs). The Trustees attribute this deficit to cash outlays for the new clubhouse and note that rising prices and minimum wage increases have eroded profits.
What the accounts disclose
“At 31 December 2024 the free reserves (excluding long term liabilities) were in deficit of £20,125 (2023: £62,994).” — page 9
“Pike Hills Golf Club Trading Ltd was incorporated on 24 June 2016 and commenced trading on 1 July 2016. It became a wholly owned subsidiary of the Pike Hills Golf Club charity on 1 April 2022. On 27 July 2022 its name was changed to Pike Hills Golf Club Trading Limited.” — page 6
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Clifford Robert Marshall Gladwinchair
- Gary Gerard Lambert
- MIchael John Coles
- Martin Greaves
- Nigel Stewart King
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £558k | £502k |
| 31/12/2023 | £576k | £491k |
| 31/12/2022 | £1.6m | £582k |
Common questions
Is PIKE HILLS GOLF CLUB financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a surplus of £55,695 for the year ended 31 December 2024, with total income of £557,827 against expenditure of £502,132. However, the charity's free reserves were in a deficit of £20,125, which is below the Trustees' stated policy target of £125,000 (equivalent to three months of running costs). The Trustees attribute this deficit to cash outlays for the new clubhouse and note that rising prices and minimum wage increases have eroded profits. Its FY2024 accounts were independently examined.