Annual Accounts

Accounts and Commentary for the financial year end 31st December 2025

Click to download the 2025 Balance Sheet

Click to download the 2025 P&L

The Annual Accounts are available on the Society’s website for members to review. The following notes are provided to assist interpretation.

The results for 2025 show a surplus, which will be carried forward as a reserve for use in future years. The principal contributor to this outcome was the doubling of members’ subscriptions. Such an increase is relatively rare, particularly as there had been no change since 2008. The Treasurer is grateful to members who promptly and accurately amended their standing orders.

It was a successful year in terms of attendance, reflected in a 10% increase in revenues to £144,000 across both the Commonwealth Tournament (CT) and members’ meetings and dinners. Costs were well controlled for both the CT and other events during the year. The policy of subsidising members’ participation at the CT — particularly the Savoy dinner — resulted in strong attendance levels. The shortfall on events remained within the planned budget. Overall, the Society recorded a surplus of £25,386, enabling forward planning for the 2028 Centenary while maintaining strong reserves.

On the balance sheet, the £50,000 Special Reserve remains in place as a contingency against unforeseen losses or costs associated with the CT (for example, a late enforced cancellation). A sum of £10,000 has been transferred to a new 2028 Centenary Reserve, with further transfers planned for 2026 and 2027. Free reserves have been rebuilt and now stand at just over £43,000.

The Society’s healthy financial position enables it to introduce a new pre-CT reception in 2026, which has already been well received by Tournament applicants. It is hoped that the evolving programme surrounding the CT will continue to support and broaden participation.

The 2025 results would not have been possible without the diligence and commitment of the Society’s Scribes — CT, Match and Scribe — to whom we extend our sincere thanks.

The outlook for 2026 is positive. Membership levels remain strong and close to capacity. Continued demand for the CT from both Commonwealth and UK golfers bodes well for the events for which the Society is renowned.