2022-03-31-accounts

Charity registration number 1097305

Company registration number 03825493 (England and Wales)

WIMBLEDON COMMUNITY ASSOCIATION

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

WIMBLEDON COMMUNITY ASSOCIATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr D Hall Mrs J Chapman Mr K Schneider (Appointed 14 December 2021) Secretary Mrs J Chapman Charity number 1097305 Company number 03825493 Principal address c/o 66 Kings Road Wimbledon London SW19 8QW Registered office St Christopher House Tabor Grove Wimbledon London SW19 4EX Independent examiner Frances Wilde FCCA DChA Warner Wilde Chartered Certified Accountants 4 Marigold Drive Bisley Surrey GU24 9SF Bankers NatWest PLC - Wimbledon 16 Wimbledon Hill Road Wimbledon London SW19 7NN Santander - Bootle Bootle Merseyside L30 4GB

Solicitors Gregsons Solicitors St Christopher House Tabor Grove Wimbledon London SW19 4EX

WIMBLEDON COMMUNITY ASSOCIATION

CONTENTS

	Page
Trustees' report	1 - 3
Independent examiner's report	4
Statement of financial activities	5
Balance sheet	6
Notes to the financial statements	7 - 13

WIMBLEDON COMMUNITY ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their annual report and financial statements for the year ended 31 March 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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 1 January 2019)".

Objectives and activities

Following the closure of the St Georges Road community centre in 2012 and subsequent transfer of its interest in the site in June 2013 the WCA has been unable to directly provide physical community facilities. Following a wide-ranging consultation, the trustees launched a new website, Wimblecomm, in September 2016 to support the provision of community space and promote community activities. This was refocussed towards supporting the organisations and providing helpful information and positive stories as a consequence of the Covid 19 lockdown in March 2020. We extended membership to a new category of community groups in 2021.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the WCA should undertake.

The trustees are mindful of keeping the mix heavily in favour of public benefit and are focussed on supporting the provision of new facilities to meet those aims. Among the objectives of community users are health, education, sporting, arts, social and self-help.

Achievements and performance

Following the impact of Covid 19 and lockdown in 2020/21 the number of online enquiries for venues increased substantially in 2021/22 and has continued since the end of the financial year – now topping 2,000 direct referrals. We continued running virtual webinars and Connect meetings via Zoom following their success during lockdown and are now doing in person sessions for members. As part of our 75th Anniversary we posted a number of short video interviews, blogs, articles and other pieces telling the stories of people past and present who have been an inspiration to our community.

We also started up a recruitment section advertising paid and voluntary vacancies for our members. The new community group section has proved popular with a growing number of groups now registered (27 at August 2022). Venues and groups continue to use our events sections to advertise their activities. We also publish regular information and news items including support for Ukrainian refugees. Our social media presence continues to expand with over 1,000 followers on Twitter and 800 on Instagram.

After spending four years with us a contractor (two years via Reed) Genevieve Etienne-Farrell decided in April 2022 it was time to move onto some new challenges. We are grateful for all the work Genevieve did during her time with us, particularly on social media and posting stories and wish her all the best for the future.

The WCA was previously able to facilitate major work with a number of groups before the closure of the old centre. Groups which it has previously supported include the following: adults with learning difficulties; homeopathic clinics; martial arts; drama; music appreciation, current affairs and art for older people; WAAFA; Scottish dance; alcoholics anonymous; drink awareness courses; cultural groups; athletics, football and Korfball clubs; flower club; women's groups; choir practice; English language courses for overseas students; blood donor sessions; local electoral services; fetes; residents associations; Urdu language and poetry; wedding and other receptions; first aid courses; animal welfare; ramblers; Bridge; Pythagoreans; flag days; and Zumba exercise gatherings.

The WCA is seeking to ensure that it continues to support the provision of facilities for as many of these groups (and others) as possible via Wimblecomm and believe that the website is a constructive way with which to promote community facilities in the area and maintain its previous legacy.

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WIMBLEDON COMMUNITY ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Financial review

Since the closure of the St Georges Road centre in 2012 and the disposal of its interest to Merton Council in 2013, the WCA has supported itself through an investment of a large proportion of its funds (£600,000) in the CCLA. The fund value increased from £853,900 in March 2021 to £927,500 in March 2022. It subsequently dropped to £868,600 in June 2022, largely driven by the impact of the Ukrainian war.

The fund generated a dividend of over £25,400 and we also generated other income of around £400 from paid memberships and advertising in 2021/22. Total costs in 2021/22 were around £42,900 but there was an overall surplus of £56,600 due to the increase in our capital funds. Trustees continue to put in a substantial number of volunteer hours to support the charity and the wider community.

With the departure of Genevieve, the trustees have decided to scale back on the previous income and expenditure targets in our business plan and are reviewing options on how best we can maximise our social impact and deliver our services with the financial and volunteer resources at our disposal.

Plans for the future

In addition to Genevieve’s departure, we also said farewell to Jenny Burrett who decided in June 2022 to seek residency in Spain. We are grateful for Jenny’s support during her two and a half years with us. Jenny has been replaced by Karl Schneider who joined us as a trustee in December 2021.

We have been pleased with the quality of videos and other articles posted as part of our 75 Stories anniversary and are continuing with that at present in our Merton Stories section. Karl is leading on that. We showed the videos and some historical memorabilia at the Merton Heritage event in August 2022.

As part of our business plan review, we are looking at the balance of activities we provide both on and off the website and will be analysing in ever more detail our visitor statistics to better gauge our social impact. We are engaging with other local groups as part of that process to ensure that local services are effectively delivered. Jackie Chapman and David Hall have now been serving the WCA for 10 years so the review will also consider succession plans and the charity’s longer-term options.

Structure, governance and management

The Wimbledon Community Association (WCA) is a company limited by guarantee.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr D Hall

Ms J M Burrett (Resigned 23 June 2022) Mrs J Chapman Mr K Schneider (Appointed 14 December 2021)

Trustees are appointed by the existing trustees.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £25 in the event of a winding up.

There was one part-time member of staff, Susanne Ollig, employed as a Community Development Executive by the WCA during the year ending 31 March 2022. Susanne commenced work in May 2016.

Following the disposal of its interest in the St Georges Road site in June 2013 the trustees have put systems in place to ensure its assets are protected and to mitigate its exposure to subsequent risks.

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WIMBLEDON COMMUNITY ASSOCIATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

The The trustees' report was approved by the Board of Trustees. trustees’ report was approved by the Board of Trustees. .............................. . Mr D Hall rD __{Hall U Trustee Trustee Dated: ......................... Dated: oO fle / a

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WIMBLEDON COMMUNrrY ASSOCIATION INDEPENDENT EXAMINER'S REPOltr TO THE TRUSTEES OF WIMBLEDON COMMUNITY ASSOCIATION I r8Wt to the trusle8s on my èxamlnthn of th• finwK4al strtem￿lS of v￿mbl￿On commun￿ Assockgtk411th charity) lorthe year ended 31 Mar¢h 2022. R•4pon8lbllltl•• and basts of rnport As th8 truslo8s of th8 charity land also Its dre¢lors for the purp08a8 of ¢>)rnpany lawl you are re8pon8kn1e for the preparation of th8 fNncial 81aleft￿nts in aGwrdanc• wilh ts r8qulromonls of the Companlos Act 2006 (tha 2006 Act). Havlng sall8fled mysaif that tho finandal ststements of the th8flty are not f8quITed to be Sudlted under Part 16 of th& 2006 A¢1 and 8re eligible lor independent examinalion, I report in resp8Ct of my exami1)a￿ of the chBrity'$ flnanclal 8t8lèm8nts carried Olrt under secuon 145 of the Charitsgs Aol 2011 (the 2011 Act). In catyng out my examination I have fdlowed all the applicabb Directkns glvon by the Charity Commi85bJn under 8ection 145151 Iblofthe2011 A An oxamin81ion include3 a revlew of the aco)unting r8cords kept by Ihe charlty a ¢(xnparfson of th$ 8th)unts pre8ented wlth those records. It aLryo includes conslderalion of any L￿￿$[tal ltsm$ or dl8¢lo$uro$ in the accounts, and seekSThJ explanauons from thg trusto0$ ¢onceming any suth mattws. Th8 pro￿dUra$ undertakèn do not provid8 all th8 8vklfjn¢• that ￿￿1￿ be required in an audit, and consequ8ntly no opinion is given as to wholhgr tho 8tt0unts pm8enl a Irue and falr. vbew and the rewt L8 Ilmtted to those motters set out In the 8talement below. Ind•pand•nt •x•mln•rf• •t•t•m•nt I have compl•ted my exarrdnalls)n. I confim that no matters have comtr to my attantion In ojnnoction with the oxarrlnauon glvlng me cause lo belleve that In any rnaierbal resped.. accountlng rgcords were not kopt In rè8pe¢t of the tharity as requk&J by secllon 386 of th8 2006 hLt.' or the finondal statem&nts do not ￿)rd wmh those records; or the financial statemonts do not COM￿ wtth thg aco)unfjng rnquhm•nts of g•Ctkn 396 01 thè 20C6 Act oiher Ihan ony rnqulromgnt that thg aox)unts glva a tru8 and 181r vltrw vA)lth 18 not a matter oJn81der8d a8 part of an Indopgndent •xèmlnatitin,' or tho flnanclal statgm&nt$ hava not been prep8rad In accordarKe wlth th8 meth¢)d8 and prfndpl88 of the Statement of R¥commendgd Practice loy accounting and reporting by tharltles appltgble to charftl88 preparlng th•lr accounts In acCOrdar￿ wlth Ihe Flnancial R•portirg St8nd8rd appIl￿b￿ UK and Rowblle of Ireland IFRS 102). I h8Vg no ¢oncom8 and have (ame across no other mattern In conn8cJon th the ex8minatson to whlch attentlon should bo drawn In Ihls r8Wt in order to anabkn a L*xlgrntatKllng of tha flnandal 8tatsm8nt8 to reached. Frnne•• Wlld• FCCA DChA Wamer WIPde Chartered Certrfied Accountants 4 Marfgold DrtV¥ Bisley Surrey GU24 9SF

WIMBLEDON COMMUNITY ASSOCIATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

		Unrestricted	Unrestricted
		funds	funds
		2022	2021
	Notes	£	£
Income from:
Charitable activities	3	407	-
Investments	4	25,442	25,007
Total income		25,849	25,007
Expenditure on:
Raising funds	5	1,927	1,684
Charitable activities	6	40,995	42,805
Total expenditure		42,922	44,489
Net gains/(losses) on investments	10	73,681	146,209
Net movement in funds		56,608	126,727
Fund balances at start of year		938,673	811,946
Fund balances at end of year		995,281	938,673

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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WIMBLEDON COMMUNITY ASSOCIATION

BALANCE SHEET

AS AT 31 MARCH 2022

		2022		2021
	Notes	£	£	£	£
Fixed assets
Investments	11		927,427		853,746
Current assets
Debtors	12	509		382
Investments	13	58,675		58,675
Cash at bank and in hand		10,796		27,753
		69,980		86,810
Creditors: amounts falling due within
one year	14	(2,126)		(1,883)
Net current assets			67,854		84,927
Total assets less current liabilities			995,281		938,673
Income funds
Unrestricted funds
General unrestricted funds		741,535		800,833
Revaluation reserve		253,746		137,840
			995,281		938,673
			995,281		938,673

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2022.

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.

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

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

The financial statements were approved by the Trustees on ......................... The financial statements were approved by the Trustees on Oliver

.............................. .............................. Mr D Hall Mrs J Chapman Trustee Trustee Trustee Trustee

Company Registration No. 03825493 Company Registration No. 03825493

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WIMBLEDON COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Charity information

Wimbledon Community Association is a private company limited by guarantee incorporated in England and Wales. The registered office is St Christopher House, Tabor Grove, Wimbledon, London, SW19 4EX.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "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 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

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

The accounts have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

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WIMBLEDON COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

1.6 Tangible fixed assets

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:

Computers

3 years straight line

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 recognised in the statement of financial activities .

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year . Transaction costs are expensed as incurred.

1.8 Cash and cash equivalents

Cash and cash equivalents 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.

1.9 Financial instruments

The charity 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 charity 's balance sheet when the charity 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

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 the cash or other consideration expected to be received and not discounted. Financial assets classified as receivable within one year are not amortised.

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WIMBLEDON COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities a re 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 p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amorti sed. They are subsequently carried at the cash or other consideration expected to be paid and not discounted.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations 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 at the cash or other consideration expected to be paid and not discounted .

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

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

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees 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.

3 Charitable activities

	Hall Letting	2021
	Income
	2022
	£	£
Other income	407	-

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WIMBLEDON COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

4 Investments

	Unrestricted	Unrestricted
	funds	funds
	2022	2021
	£	£
Income from listed investments	25,436	24,937
Interest receivable	6	70
	25,442	25,007
Raising funds
	Unrestricted	Unrestricted
	funds	funds
	2022	2021
	£	£
Fundraising and publicity
Other fundraising costs	1,927	1,684
	1,927	1,684
Charitable activities
	2022	2021
	£	£
Share of support costs (see note 7)	40,005	41,853
Share of governance costs (see note 7)	990	952
	40,995	42,805

5 Raising funds

6 Charitable activities

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WIMBLEDON COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

7 Support costs

Support costs Governance costs £ £ Staff costs 18,101 - Depreciation - - Storage costs 2,810 - Bank charges 90 - Website and internet costs 5,647 - S undry office and other costs 879 - Insurance 410 - Su bcontract staff 12,068 - Independent Examiner's fees - 783 Other g overnance costs - 207 40,005 990 Analysed between Charitable activities 40,005 990	2022 Support costs Governance costs £ £ £ 18,101 17,726 - - 206 - 2,810 2,674 - 90 90 - 5,647 4,065 - 879 860 - 410 405 - 12,068 15,827 - 783 - 735 207 - 217 40,995 41,853 952 40,995 41,853 952	2021 £ 17,726 206 2,674 90 4,065 860 405 15,827 735 217 42,805 42,805

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year, none of them were reimbursed expenses.

9 Employees

The average monthly number of employees during the year was:

	2022	2021
	Number	Number
	1	1
Employment costs	2022	2021
	£	£
Wages and salaries	17,739	17,392
Other pension costs	362	334
	18,101	17,726

The Charity employs one part time member of staff equivalent to 0.6 of a full time employee.

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WIMBLEDON COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

9	Employees		(Continued)
	There were no employees whose annual remuneration was more than £60,000.
10	Net gains/(losses) on investments
		Unrestricted	Unrestricted
		funds	funds
		2022	2021
		£	£
	Revaluation of investments	73,681	146,209
11	Fixed asset investments
			L isted
			investments
			£
	Cost or valuation
	At 1 April 2021		853,746
	Valuation changes		73,681
	At 31 March 2022		927,427
	Carrying amount
	At 31 March 2022		927,427
	At 31 March 2021		853,746
12	Debtors
		2022	2021
	Amounts falling due within one year:	£	£
	Prepayments and accrued income	509	382
13	Current asset investments
		2022	2021
		£	£
	Unlisted investments	58,675	58,675

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WIMBLEDON COMMUNITY ASSOCIATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

14 Creditors: amounts falling due within one year Other taxation and social security Other creditors Accruals and deferred income	2022 £ 168 67 1,891 2,126	2021 £ 160 - 1,723 1,883

15 Related party transactions

There were no disclosable related party transactions during the year (2021 - none) .

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