##
||Page|
|---|---|
|Report of the Trustees|1 to 7|
|Independent Examiner's Report|8|
|Statement of Financial Activities|9|
|Balance Sheet|10|
|Notes to the Financial Statements|11 to 22|
|Detailed Statement of Financial Activities|23|
|(Management purposes only)||
##
|Trustees||Nominated by|
|---|---|---|
|Mr I C Simpson|- Chairman|The Wimbledon Society|
|Mr C J P Handford|||
|Mr J R W Huckle||The Wimbledon Village Club|
|Mr A A Malik||The Wimbledon Society|
|Mr D J Whitehead||The Rector of Wimbledon Parish|
|Mr P A Shevlin||The Wimbledon Village Club|
|Mrs K A Williams|(appointed 16 December 2021)|The Wimbledon Village Club|
|Mr G Barnes|(resigned 16 December 2021)|The Wimbledon Village Club|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||2022|2021|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||Funds|Funds|Funds|Funds|
||Notes|||||
|INCOME AND ENDOWMENTS FROM||||||
|Donationsand legacies|2|38,815||38,815|41,859|
|Charitableactivities||||||
|Lettings|3|138,937||138,937|73,897|
|Other trading activities||||||
|Club management charges|4|30,000||30,000|16,283|
|Investments|5|2,926||2,926|2,198|
|Other income|6|4,000||4,000|55,422|
|Total Income||214,678||214,678|189,659|
|EXPENDITURE ON||||||
|Charitableactivities||||||
|Lettings|7|236,685|723|237,408|167,350|
|Total Expenditure||236,685|723|237,408|167,350|
|NET (EXPENDITURE)/INCOME FOR THE YEAR|12|(22,007)|(723)|(22,730)|22,309|
|before netgainsand losses||||||
|Net (loss) / gain on investmentassets||(15,968)||(15,968)|47,306|
|NET INCOME/(EXPENDITURE) FOR THE YEAR||(37,975)|(723)|(38,698)|69,615|
|Transfers between funds||||||
|NETMOVEMENT IN FUNDS||(37,975)|(723)|(38,698)|69,615|
|RECONCILIATION OF FUNDS|20|||||
|TOTAL FUNDS BROUGHT FORWARD||1,879,114|104,111||1,913,610|
|TOTAL FUNDS CARRIED FORWARD|||103,388|1,944,527||
##
|||||2022|2021|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||Funds|Funds|Funds|Funds|
||Notes|||||
|FIXED ASSETS||||||
|Tangible assets|13||103,388|1,556,721|1,564,111|
|Investments|14|225,013||225,013|238,179|
||||103,388|1,781,734||
|CURRENT ASSETS||||||
|Debtors|16|62,781||62,781|64,105|
|Cash at bank and in hand||120,124||120,124|134,417|
|||182,905||182,905|198,522|
|CREDITORS||||||
|Amounts falling due within one year|17|(20,112)||(20,112)|(17,587)|
|NET CURRENT ASSETS||162,793||162,793|180,935|
|TOTAL ASSETS LESS CURRENT LIABILITIES||1,841,139|103,388|1,944,527|1,983,225|
|NET ASSETS|19|1,841,139|103,388||1,983,225|
|CHARITY FUNDS|19/20|||||
|Unrestricted funds||||1,841,139|1,879,114|
|Restricted funds||||103,388|104,111|
|TOTAL FUNDS||||1,944,527|1,983,225|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|INCOMEFROM DONATIONSAND LEGACIES|||
|---|---|---|
||2022|2021|
|Donations|2,600|2,600|
|Gift Aid from Wimbledon Village Club Ltd|36,215|39,259|
||38,815|41,859|
|INCOMEFROM CHARITABLE ACTIVITIES|||
||2022|2021|
|Lettings|85,438|58,177|
|Cottage letting|18,700||
|Rent from Wimbledon Village Club Ltd|34,799|15,720|
||138,937|73,897|
|INCOMEFROM OTHER TRADING ACTIVITES|||
||2022|2021|
|Management fees Wimbledon Village Club Ltd|30,000|16,283|
||30,000|16,283|
|INCOMEFROM INVESTMENTS|||
||2022|2021|
|Interest received|124|5|
|Dividends received|2,802|2,193|
||2,926|2,198|
|OTHER INCOME|||
||2022|2021|
|Retail, Hospitality and Leisure Grant Fund||6,000|
|Restart Grant||12,000|
|Coronavirus Job Retention Scheme||30,072|
|Local Restrictions Support Grant|4,000|7,350|
||4,000|55,422|
##
||Direct|Support|||
|---|---|---|---|---|
||Costs|Costs|2022|2021|
|Wages and salaries|69,395||69,395|91,129|
|Repairs, cleaning and maintenance|102,882|1 ,849|104,731|32,665|
|Charityrunning and admin costs|28,930|86|29,016|19,726|
|Depreciation|7,390||7,390|7,390|
|Accountancy||||200|
|Legal and professional costs|5,861|2,190|8,051|1 ,345|
|Treasurer's fees||13,072|13,072|9,922|
|Governance cost (see note 8)||5,753|5,753|4,973|
||214,458|22,950|237,408|167,350|
##
##
##
|GOVERNANCE COSTS|||
|---|---|---|
||2022|2021|
|Independent Examiner's renumeration|1,680|1,520|
|Legal and professional fees|2,543|2,393|
|Trustee's meetings|1 530|1,060|
||5,753|4,973|
|STAFF COSTS|||
||2022|2021|
|Wages and salaries|65,889|85,213|
|Employers Nl|1,814|3,515|
|Pension costs|3,142|3,454|
||70,845|92,182|
|The average monthly number of employees during the year was as follows:|2022|2021|
|Ditcharitable|5|5|
##
##
##
##
|NET EXPENDITUREFOR THE YEAR|||
|---|---|---|
||2022|2021|
|The net expenditure for the year is stated after charging:|||
|Operating lease rentals|760|760|
|Depreciation of tangible fixed assets|7,390|7,390|
|Independent Examiner's remuneration|1,680|1 ,520|
##
##
|TANGIBLE FIXED ASSETS||||
|---|---|---|---|
||Freehold|Gallery|Totals|
||property|||
|COST||||
|At 1 November 2021||108,449||
|Additions||||
|At 31 October2022||108,449||
|DEPRECIATION||||
|At 1 November 2021|40,000|4,338|44,338|
|Charge in the year|6,667|723|7,390|
|At 31 October2022|46,667|5,061|51,728|
|NET BOOK VALUE||||
|At 31 October2022|1,453,333|103,388||
|At 31 October 2021||104,111||
##
|FIXED ASSET INVESTMENTS||||
|---|---|---|---|
||Subsidiary|Other|Totals|
|||investments||
|MARKET VALUE||||
|At 1 November 2021|100|238,079|238,179|
|Additions||||
|Dividend income reinvested||2,802|2,802|
|Net loss on revaluation||(15,968)|(15,968)|
|At 31 October2022|100|224,913|225,013|
|HISTORICAL COSTS||||
|At 31 October 2022|100|125,000|125,100|
|At 31 October 2021|100|125,000|125,100|
##
##
|consolidated in the Charity's accounts. A summary of the results of the|subsidiary is shown below:||
|---|---|---|
||2022|2021|
|Turnover|352,898|199,815|
|Other income|268|10,423|
|Cost of sales and administrative costs|(316,951)|(170,979)|
|Net profit|36,215|39,259|
|Amount gift aided to the Charity|(36,215)|(39,259)|
|Amount retained in the Subsidiary|||
|The assets and liabilities of the subsidiary were:|||
||2022|2021|
|Current assets|87,423|152,717|
|Current liabilities|(75,040)|(90,334)|
|Net currentassets|12,383|62,383|
|Creditors: amounts falling due after one year||(50,000)|
|Total net assets|12,383|12,383|
|Aggregate share capital and reserves|12,383|12,383|
##
##
|||2022|2021|
|---|---|---|---|
||Lettings debtors|8,359|9,388|
||Amounts due from Wimbledon Village Club Limited|48,704|46,792|
||Prepayment and accrued income|5,718|7,925|
|||62,781|64,105|
|17.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||
|||2022|2021|
||Trade creditors|3,002|2,581|
||Grants payable|1,936||
||Deferred income|8,628|7,644|
||Taxation and social security|4,080|2,493|
||Accruals and other creditors|2,466|4,869|
|||20,112|17,587|
||Deferred income|||
|||2022|2021|
||Balance broughtforward|7,644|7,760|
||Additions in year
Released to income|3,157
-(2,173)|7,229
(7,345)|
||Balance carried forward|8,628|7,644|
||Deferred income reflects lettingsincome received in advance for the following financial year.|||
|The following operating lease payments arecommitted to be pai|d||
|---|---|---|
||2022|2021|
|Within one year|360|720|
|Between one and five years||360|
||360|1 ,080|
##
##
##
|Current year information for the net as|sets between funds:||||
|---|---|---|---|---|
||||2022|2021|
||Unrestricted|Restricted|Total|Total|
||Funds|Funds|Funds|Funds|
|Fixed assets||103,388|1,556,721||
|Investments|225,013||225,013|238,179|
|Current assets|182,905||182,905|198,522|
|Current liabilities|(20,112)||(20,112)|(17,587)|
||1,841,139|103,388||1,983,225|
|Comparativeyear information for th|e net assets between funds:||||
|---|---|---|---|---|
||||2021|2020|
||Unrestricted|Restricted|Total|Total|
||Funds|Funds|Funds|Funds|
|Fixed assets||104,111|1,564,111|1,571 ,501|
|Investments|238,179||238,179|188,680|
|Current assets|198,522||198,522|169,842|
|Current liabilities|(17,587)||(17,587)|(16,413)|
||1,879,114|104,111|1,983,225|1,913,610|
##
##
##
||||Net movement|Transfers||
|---|---|---|---|---|---|
|||At 1/11/21|in funds|between funds|At 31/10/22|
|Unrestricted|funds|||||
|General Fund||317,391|(31,308)|46,883|332,966|
|Fixed Assets|Fund||(6,667)||1,453,333|
|Designated
—|Building Fund|101,723||(46,883)|54,840|
|||1,879,114|(37,975)||1,841,139|
|Restrictedfunds||||||
|Gallery Project||104,111|(723)||103,388|
|TOTAL FUNDS|||||1,944,527|
|Net movement in funds, included in the above are as follows:||||||
|||Incoming|Resources|Gains and|Movement
in|
|||resources|expended|losses|funds|
|Unrestricted|funds|||||
|General Fund||214,678|(230,018)|(15,968)|(31,308)|
|Fixed Assets|Fund||(6,667)||(6,667)|
|Designated
—|Building Fund|||||
|||214,678|(236,685)|(15,968)|(37,975)|
|Restrictedfunds||||||
|Gallery Project|||(723)||(723)|
||||(723)||(723)|
|TOTALFUN|DS|214,678||||
##
##
##
##
##
|PRIOR YEAR|||||||
|---|---|---|---|---|---|---|
||||Net movement|Transfers|||
||||in funds|between funds||At 31/10/21|
|Unrestricted|funds||||||
|General Fund||260,386|77,005|(20,000)||317,391|
|Fixed Assets|Fund||(6,667)||||
|Designated
—|Building Fund|81,723||20,000||101,723|
|||1,808,776|70,338|||1,879,114|
|Restrictedfunds|||||||
|Gallery Project||104,834|(723)|||104,111|
|TOTAL FUNDS||1,913,610|69,615|||1,983,225|
|Net movement in funds, included in the above are as follows:|||||||
|||Incoming|Resources|Gains|and|Movement
in|
|||resources|expended|losses||funds|
|Unrestricted|funds||||||
|General Fund||189,659|(159,960)|47,306||77,005|
|Fixed Assets|Fund||(6,667)|||(6,667)|
|Designated
—|Building Fund||||||
|||189,659|(166,627)|47|,306|70,338|
|Restrictedfunds|||||||
|Gallery Project|||(723)|||(723)|
||||(723)|||(723)|
|TOTAL FUNDS||189,659|(167,350)|47,306||69,615|
##
##
##
||2021|2021|2021|
|---|---|---|---|
||Unrestricted|Restricted|Total|
|INCOME ANDENDOWMENTS FROM||||
|Donations and legacies|41,859||41,859|
|Charitable activities||||
|Lettings|73,897||73,897|
|Other trading activities||||
|Club management charges|16,283||16,283|
|Investments|2,198||2,198|
|Other income|55,422||55,422|
|Total Income|189,659||189,659|
|EXPENDITURE ON||||
|Charitable activities||||
|Core Activities|166,627|723|167,350|
|Total Expenditure|166,627|723|167,350|
|Net gains on investment assets|47,306||47,306|
|NET EXPENDITURE|70,338|(723)|69,615|