2021-10-31-accounts - Wimbledon Village Hall Trust

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Report ofthe Trustees	1to7
Independent Examiner's Report
Statement ofFinancial ActMties
Balance Sheet	10
Notes tothe Financial Statements	11to21

								2021		2020
					Unrestricted		Restricted	Total		Total
				Notes		Funds R	Funds R	Funds f		Funds R
INCOME AND ENDOWIIENTS	FROM
Donations and legades						41,859		41,859		17,&48
Charitable actlvltles
Lettlngs						73,897		73,897		66,322
Other trading activities
Club management charges						16,283		16,283		19,200
Investments						2,198		2,19&		2,153
Other Income						55422		55422		54 197
Total Income						189,659		189,659		159,720
EXPENDITURE ON
Charitable activities
Lettings					7181627		723	167305		175.241
Total Expenditure					100627		723	167355		175241
NET INCOME/(EXPENDITURE) before net gains and losses	FORTHE YEAR			12		23,032	P23)	22,309		(15,521)
Net gain I(loss) on investment	assets					47$06		47$06		~5009
NET INCOME/(EXPENDITURE)	FORTHE YEAR					70,338	P23)	69,615		(21,520)
Transfers between funds
NET MOVEMENT IN FUNDS						70,338	(723)	69,615		(21,520)
RECONCIUATION OF FUNDS				20
TOTAL FUNDS BROUGHT FORWARD					1,808,776		104,834	1,913,610		1,935,130
TOTAL FUNDS CARRIED FORWARD					1870114		104111	~408 225	3	1913610
CONTINUING OPERATIONS
Ail incoming resources and resources expended			arise	from	continuing	activities.
The Statement ofFinancial Activies Includes		ail	recognised		gains and losses.

INCOME FROM DONATIONS	INCOME FROM DONATIONS	INCOME FROM DONATIONS	AND LEGACIES
						2021	2020
						E	F
Donations						2,600	2,600
Gift Aid from Wimbledon		Village Club Ltd				~39 259	1~5248
						41 85a	1~7848
INCOME FROM CHARITABLE ACTIVITIES
						2021	2020
						E	F
Lettings						58,177	49,172
Rent from Wimbledon	Village		Oub Ltd			~15720	~17150
						~73 897	~66 322
INCOME FROM OTHER		TRADING ACTIVITES
						2021	2020
							E
Management fees Wimbledon			Village Club Ltd			~16283	~19200
						~16 283	~19 200
INCOME FROM INVESTMENTS
						2021	2020
						E	R
interest received						5	124
Dividends received						2 193	~2029
						~2198	2,153
OTHER INCOME
						2021	2020
							E
Retail, Hospitality and	Leisure		Grant Fund			6,000	25,000
Restart Grant Coronavirus Job Retention Scheme Local Restrictions Support Grant						12,000 30,072 7,350	28,870
Miscellaneous income							327
						~55 422	~54 197
COSTS OF CHARITABLE ACTMTIES
				Direct	Support
				Costs R	Costs	2021 E	2020 f
Wages and salaries				91,129		91,129	103,075
Repairs, deaning and	maintenance			31,680	985	32,665	26,424
Charity running and admln		costs		19,648	78	19,726	21,381
Depreciation				7,390		7,390	7,389
Accountancy					200	200	775
Legal and professional Treasurer's fees	costs				1,345 9,922	1,345 a,'a22	1,817 7,853
Governance cost (see	note 8)				4973	4973	6527
				149647	17503	167359	175241

GOVERNANCE COS	T	S
					2021 f	2020 f.
Independent Examiner's		renumeratlon			1,520	2,000
Legal and professional Trustee's meetings		fees			2,393 ~1060	3,398 ~1129
					~4973	6527
STAFF COSTS
					2021	2020
					R	F
Wages and salaries					85,213	83,214
Employers Nl Pension costs					3,515 ~3454	1,363 18498
					92182	1~03075
The average monthly	number		ofemployees	during the year was as follows:
					2021	2020

			2021	2020
				F
The net expenditure for		the year is stated after charging:
Operating lease rentais			760	700
Depreciation	oftangible	fixed assets	7,390	7,389
Independent	Examiner's	remuneration	1,520	2,775

appropriate useful life cfthe building to be another FIXEDASSETINVESTMENTS	150years and therefore this is the bas	is for depreciation.
	Subsidiary	Other	Totals
		Investments
		f.
MARKET VALUE
At 1 November 2020	100	188,580	188,680
Additions
Dividend income relnvested		2,193	2,193
Net gain on revaluation		47306	47,306
At 31October 2021	100	238079	238 179
HISTORICAL COSTS
At 31October 2021	100	125,000	125,100
At 31October 2020	100	125000	125100

Wimbledon Village Club Ltd	Wimbledon Village Club Ltd	Wimbledon Village Club Ltd	Wimbledon Village Club Ltd
The Charity owns the whole ofthe issued ordinary England and Wales. The subsidiary is used for				share capital of Wimbledon non-primary purpose trading		Village Club Ltd, a company activities. The subsidiary		registered in has not been
consolidated in the Charity's accounts.		Asummary		ofthe results	ofthe subsidiary	is shown below:
Turnover
							2021		2020
							R
							199,815		213,082
Other income Cost ofsales and administrabve	costs						10,423 &&~ra ara		(1~97834)
Net profit							39,259		15,248
Amount gift aided to the Charity							L39259)		~15,248)
Amount retained in the Subsidiary
The assets and liabilities ofthe subsidiary			were:
							2021		2020 f
Current assets							152,717		79,735
Current liabilities							~ao aaa		~67352)
Net current assets							62,383		12,383
Creditors: amounts falling due alter one year							~50000)
Total net assets							12383		12,383
Aggregate share capital and reserves							~12383		12,383

DEBTORS:	A	MO	UNTS	FAL	UNG DUE	WITHIN ONE	YE	AR
										2021	2020 f
Lettings debtors Amounts due from WImbledon Village Club Limited Prepayment and other debtors										9,388 46,792 ~7925	3,646 24,042 ~8385
										~64 105	~36 073
CREDITORS: AIIOUNTS FALUNG DUE WITHIN ONE YEAR
										2021	2020
										R
Income received in advance Accruals and other creditors										7,644 ~9943	7,760 ~8653
										~17 587	~16 413
OPERATING		LEASE COMMITMENTS
The following		operating		hase	payments	are committed to		be paid:
										2021	2020
										R
Within one year										720	720
Between one		and	five years							900	~1620
										~1620	2340
ANALYSIS OF NET ASSETSBETWEEN FUNDS
Current year	information			for the net assets between funds:
										2021	2020
						Unrestricted			Restricted	Total	Total
								Funds	Funds f	Funds	Funds R
Fixed assets Investments Current assets Current liabilities							1,460,000 238,179 198,522 ~17557		104,111	1,564,111 238,179 198,522 ~1758	1,571,501 188,680 169,842 ~16413)
								1879114	104111	1 883225	1913610
Comparative	year		information		for the net assets between		funds:
										2020	2019
						Unrestricted			Restricted	Total	Total
								Funds	Funds	Funds	Funds
								R	6
Fixed assets Investments Current assets Current liabilities							1,466,667 188,680 169,842 ~16413)		104,834	1,571,501 188,680 169,842 ~46 413	1,578,890 192,650 174,373 ~10783
								1808776	104834	1913610	1 935130

MOVEMENT IN FUNDS
CURRENT YEAR
		Net movement	Transfers
	At 1/11/20 f	In funds f	between funds f	At 31/10/21 f
Unrestricted funds
General Fund Fixed Assets Fund	260,386 1,466,667	77,005 (6,66T)	(20,000)	31T,391 1,460,000
Designated —Building Fund	81 723		20 000	101723
Restrtcted funds Gallery Project	1,808,776 104834	70,338 ~723		1,879,114 104111
TOTALFUNDS	1 913,610	69.615		1,983225
Net movement in funds, included	in the above are as follows:
	Incoming	Resources	Gains and	Movement In
	resources	expended f	losses f	funds f
Unrestricted funds
General Fund Fixed Assets Fund Designated —Building Fund	189,659	(159,960) (6,667)	47,306	77,005 (6,667)
Restricted funds Gallery Project	189,659	(166,627) ~23)	47,306	70,338 ~723)
		~723)		~723)
TOTAL FUNDS	189659	~167350	47306	69615

MOVEMENT IN FUNDS - contin	ued
PRIOR YEAR
		Net movement	Transfers
	At 1/11/19 f	In funds f	between funds f	At 31/10/20
Unrestricted funds
General Fund	274,517	(14,131)		260,386
Fixed Asseh Fund	1,4T3,333	(6,666)		1,466,667
Designated —Building Fund	81 723			81 723
	1,829,5T3	(20,797)		1,808,776
Restricted funds Gallery Project	105557	~23)		104834
TOTALFUNDS	1,935,130	~21,520)		1913810
Net movement in funds, included	in the above are as follows:
	Incoming	Resources	Gains and	Movement In
	res our'ces f	expended f	losses	funds
Unrestricted funds
General Fund	159,T20	(167852)	(5,999)	(14,131)
Fixed Assets Fund		(6,666)		(6,666)
Designated —Building Fund
Restricted funds Gallery Project	159,720	(174,518) ~23	(5,999)	(20,797) ~723)
		723		~723)
TOTAL FUNDS	159720	~175241)	~5999)	~21 520)

he key components from th	e prior year figures ar	e analysed below by fund	:
		2020	2020	2020
		Unrestricted	Restricted	Total
		R	R	R
INCOME AND ENDOWIIENTS FROM
Donations and legacies Charitable activities		17,848		17,848
Lettings		66,322		66,322
Other trading activities
Club management charges Investments		19,200 2,153		19,200 2,153
Other Income		54 197		54 197
Total Income		159720		159720
EXPENDITURE ON
Charitable activities
Core Activities		174518	723	175241
Total Expenditure		174518	723	175241
Net losses on Investment	assets	5,999		5,999
NET EXPENDITURE		(20,797)	(723)	(21,520)