On behalf of the Directors, I am pleased to provide my annual report for the period ending 31 March 2025, briefly summarising the Club’s activities.

Accounts
It has been another interesting and extremely challenging year, and we are pleased to report an improving financial picture as at the end of March 2025. The board took the decision to extend the financial year to bring into line both the financial and the membership year end to 31st March 2025 and annually thereafter.

This change has a number of benefits to the club and coincides with the creation of a new trading company, Beamish Leisure Limited, which has been established to help ensure the club remains compliant with our CASC (Community Amateur Sports Club) status requirements going forward.

The accounts for the fifteen-month period to 31 March 2025 show a loss of £68,612 compared to the loss of £124,446 for the previous 12 months.

As experienced by every type of business, overheads continue to rise across all departments and capital expenditure has been limited accordingly.

The Board have been working hard to put in place measures to generate additional income and reduce costs were possible. Diversification and the identification of new non-golf revenue streams are paramount, as we cannot survive long term as a golf club on member subscriptions alone.

The management of the finances of the Club over the last five years has been a significant challenge, but the introduction of new processes and procedures has resulted in greater control of both income and expenditure.

Golf Club Membership

Membership has stabilised over the period, and we have benefited from growth in flexible and Blue Light categories as well as from ‘Get into Golf’ initiatives.

Subscriptions for 2024/25 were maintained at 2023 levels, despite the financial pressures on the Club, in order to make our offering competitive.

Club Management

Andy Hill has been in position as General Manager for two years as of September 2025 and continues to make a significant contribution to the day to day management of the Club.

Directors

Robson Pattinson decided to stand down as Course Director following the retirement of Keith Lough in October 2024. Robson has been a director of the club for over 9 years and all the Directors, and I’m sure all members, would wish to thank Robson for his contribution over this period including the significant time spent supporting and working with the greens staff.

Thanks also to Paul Douglas who resigned as Handicaps Director in June 2024.

As of 31 March 2025, the Club only has six current Directors and accordingly we are seeking to propose a revised Board structure and to adopt new Articles of Association at the AGM.

Course

Our Course Manager Keith Lough retired in October 2024 following over 30 years’ service to the Club. He deserves our thanks for his hard work, dedication and commitment over his time at Beamish.

The Board were very pleased to appoint Keith’s assistant Peter Harwood as Head Greenkeeper and wish to thank him for his excellent work on the course and management of his team.

Thanks to all our Greens staff and to the band of volunteers who endeavour to make sure that our course and facilities are presented at their best for both members and visitors.

Bar & Catering

The bar and catering operations continue to provide a major challenge both in terms of staffing and financial control, but we are determined to provide the best level of service for our members.

Thanks to all the members who use the facilities on a regular basis and support specific functions which are critical to the success of the Clubhouse

Outlook

Beamish Park Golf Club continues to thrive despite all that nature, and the volatile economic climate has thrown at it during the last five years, and I would like to thank all our members for their continued support.

However, it is inevitable that we will continue to face major challenges over the coming years as the sport of golf continues to evolve and that significant decisions will need to be made to ensure the financial viability of the Club.

In order to run the Club as a successful business, we particularly need to utilise the experience and expertise that undoubtedly exists within our membership, and I would request that any member who feels they can contribute to the running of the Club to come forward.

Conclusion

On behalf of the Board of Directors, I would like to thank all the Captains for their time and effort throughout the year in ensuring the successful running of the various sections and competitions.

Mens Captain    Les Souter

Ladies Captain    Elaine Riley

Seniors Captain    Nigel Birkett    

Juniors Captain    Lewis Kilkenny    

I would also like to thank our hard-working staff who have had to endure some difficult working conditions but have borne these with enthusiasm and dedication.

Thanks as always to our Professional, Chris Cole, and to his team.

Finally, I would like to thank the Board for all their time, commitment, support and effort during the year. Our mission continues to be to serve the best interests of the members and the Club as a whole.

In my year as Captain I made a couple of changes which I'm pleased worked out.

Captains Drive In for example were we had a Shotgun start Golf Competition after which I involved the Junior, Senior and Lady Captains to Drive In along with myself, we then had a Social afternoon with Elvis Tribute and a Buffet for the members and their guests. The day was a success and sold out.

The Golfing said saw the Men's Team win the 2nd Division by a staggering 21 points ahead of runners up Whickham winning promotion to Division 1, a Division we have not played in for over 35 years.

The league has an order of merit for each Division and this year Division 2's top 3 were Beamish players Sam Robinson at 3rd, Matty Watson 2nd, but winner of the Noel Warke order of merit with an average of 1.77

points per match was Tom Skelton.

Sam Robinson not only put in good performances in the League, he also put up a good challenge in the County Strokeplay Championship, and represented the Club in various single and team events putting in some great performances which got him selected to play for Durham County.

At home he won the Presidents Cup and defenced his Club Championship with 2 great rounds, it was these performances that gave Sam my Captains player of the season and winner of the Bill Ward Trophy.

I am honoured have been captain of this great Club, a club where I've play golf since 1970 and would like to thank the Beamish Committee and General Manager for their support during the year.

Claire, and staff for all their help and support during the season

The help and Guidance from my Vice Captain Ian Hammond and other past Captains for their support.

Star View Coaches and Pardal for their sponsorships toward the team kits.

Big thank you to the Ladies for the great job they made with Captains Day prizes and table presentation, this was very much appreciated.

To the Lady Captain Elaine, Senior Captain Nigel and Junior Captain Lewis for their support throughout the season.

And finally, to you the members for your support by playing in the Competitions and attending the social events it was much appreciated.

My year as Captain has been mostly and enjoyable and memorable one, it has been an honour and privilege to represent this Club as Captain and something I will cherish for the rest of my life.

Les Souter

Captain BPGC 2024.

For the financial Period ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

Beamish Park Golf Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Beamish Park, Stanley, County Durham, DH9 0RH.

The financial reporting period has been extended to a 15 months period to align the financial year with the membership year, because of this comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Income and expenses are included in the financial statements as they become receivable or due.

Expenses include VAT where applicable as the company cannot reclaim all of it.

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The average monthly number of persons (including directors) employed by the company during the Period was:

The total bank loans and overdrafts consists of £56,942 (2023: £66,428) which is secure by fixed charges over the club's freehold land and buildings and a bounce bank loan of £35,692 (2023: £37,656) which is unsecured.

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up. The amounts of guarantee applicable to each class of membership is as follows:

Ordinary Members    £5

Lady Members        £4

Any Other Member    5p