(Jwity wgis¢r•ion numbEr 1142980 Company ryi51r4lion 07145737 (England arwj W41¢s) WIMBLEDON INTERNATIONAL MUSIC FE￿IvAL LIMITED ANNUAL REPORT AND UNAUDTfED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 L24 A24 20112r2024 COMPANIES HOUSE WIMBLEDON INTERNATIONAL MUSIC FESTIVAL LIMITED ARFLeMn J Hardwick J PMar]and (ApFKJinted 28 May 2023) SxrEtsry Charity #umber 1142980 Cornp•ny number 07145737 Rtgtstertd offite 152 Durhthn Ro&J London SW20 OL WIMBLEDON INfERNATIONAL MUSIC FESTIVAL LIMrrED CONTENTS P* Statemts)t of fIr￿101 aaivA Bal￿￿¢ shrd5 4v4i]abl¢ to a5SiSt th¢ management aTyJ (klivery of annual F¢stivaLs on a (ajntinuing b￿1& and for winding w) thc F¢stiv￿ ond Company? slh)uld thai ￿tr b￿me n¢¢¢$$￿. Th¢ BoaTd has a8Tecd a rM)licy for the utvesrrictcd B&￿ra1 reserves oth¢r the gr￿1 fJom T¢rti5 Foundation, lo 5t¢¥lily until t￿Y reach £50.WJ. thi5 should allow the Charitable ¢ompany to meet ils obliWi(Kty in any r¢aJombly f(x¢s¢ea¥lc ¢ircumAance& The tNst¢¢s have as8ess¢d the mior risks to which the charitabieo)mpany is and aY¢ satisfied that $y3￿S are in pla¢¢ 10 mili8al¢ EXP)sur¢ ￿ th¢ major risks. The direclors exp￿1 to a)rttirtue to worhotr 4nd the F¢5tiva] in 2024 •MI in ffijture years. By the tJLd of the 2024 financia] year. pl8ns for the November 2024 F¢s1iv41 w¢r¢ 4lr¢•dy I￿lY with ￿thEr vcry c¢citing ProW￿¢ of live mu$i¢ on offer. MBLEDON INTERNATIONAL MUSIC FESTIVAL LIMITED TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 The Charity is Gon5titutcd ￿ 4 wmpany limitsl by 8uarath. on 4th Fcbnwy 2010. The overall Mar￿gement of the Charity i$ vest￿ in the IA)ard of directi)ts of the Compmy. who we the tnLSte¢s of th¢ Chwity. The bo/rd of diT￿Lor5 mttts wiodi¢4ily thari￿ the yw to the rKincipa] xtivity oftk Clwity. R¢f*rent• and xdmAnlstr*tiw details The Comwy (registered numttr 07145737) is also a ttgisterJ L5 152 Durham Ro￿. IAndon SW20 ODG. Duc to thc sizc of thc ComFony. thc COMFW is rxunpt from the rowiTem¢nts for a CompAnic5Ad audit. Jn the opinion of thr direGton. thE Compwry, as u regi5ttr￿ ¢lwity twading 301¢ty for its Pfimv PWPtb5¢ (45 d¢fin¢d by th¢ Corpowation T A¢t2010X 1$ t&¥ exem Dlrectors The aTe also the diTe¢tors for the wp)se of ¢ompw law. aTwJ WIK) 5¢Tved dwing thE year and up ty the date of signatUT¢ of th¢ fin#n¢iaJ $tstem¢nts w¢r¢.' ALee ARF Letjon (Rtsign￿ 28 May 2023) J P Marland NThom (AFfjJOiTwJ 28 2023) At times. the board of dircdors ¢stsbli5hE5 to 9551st them in their work InGluda in rcmit of the Govtrnancc and Remuneration Commiltee 1$ the mana8ement of the pN)c¢ss for the 1deniifi￿ts0ft and re£ruiknent of w)tentiai new bo&rd m¢mE¢r5, Including selection proc&￿$ 2￿j reC4)MMen￿ ￿ the F#)vd for the ap[￿l￿mie￿ ofnew bwd membtrn. In out th¢ athiwiti¢s of the Charity. thE dirtctors as tru5ttts havc ffjrnpli¢d with thc thy under se£tioD 17(5) of the Charities Act 2011 to have Tegard to the Clwity Comrni55ion'5 guida￿ on public brncfit and thcy arc salisficd that the Charity fvifiis its kndamethai objects aNi $0 provid¢s public iKnefiL Our Bencfactors and FrieTrts organisation is a key &)mpvie#t of our FestiV81 &1mm￿lty. as ty￿1¢¥￿ m¢mb¢rs and 85 Providers of fi]ndin& The directors thank 811 of (Hjr B￿¢[￿tr$ and Fri￿d& without ¢h¢ F¢Mival ¢4uld not ￿ntinue We are also most Br&efiLI to the many volwlteews pYovid¢ iAvalu•bl¢ supN)rt at dl the Fc5tival events to ensure that they njn smo)tNy. director5 exwess their coNinuin8 wat11￿ to th Festival Diredor. Antlw Wi]kinsthL wlw rernaTknN¢ w￿k has ellsur￿ ￿￿ther succtssffijl year for thc Festival. Th¢ tru5tces' reportw&8 arorovol lty th¢ Board ofTTu#¢¢& Thomas Dated.. WIMBLEDON INTERNATIONAL MUSIC FE￿[vAL LIMrfED INDEPENDENT EXA￿fINER,s REPORT TO THE TRUSTEES OF WIMBLEDON lI￿ERNATI01¥AL h1USIC FESTIVAL LIMITED I rcrA)rt lo the tswie¢$ on my ex8min*ion of the finaTKial $tstthnents of Wunblelbm Interi￿ Music Fe5tivat Limited (the charirable o)mpony) for thr year ended 31 mS￿h 2024. Rup•uibilLtie¥ amd olrep•rt As th¢ tru5ttt5 of the chaTithbl¢ wmpany (and also its dir￿￿ for t￿ p￿￿St5 of compgny law) you 8r¢ r¢sponsibl¢ for thE pr¢pardlion o(the financial 5tat¢mffjts iti $¢wrd￿re with thE rquir¢m¢nts of th¢ Compani¢5 20tkn (the 2006Ad}. Hovu)E sati*Jfied m}'Jelf thDt the financial of the chorithblc Lx>mFW' not rquircd to & ouditcd uThdix Part 16 of th¢ 2006 Arf and aT¢ ¢ligible for indeptsth)t ex•oin8tioN I w in re$￿ct of my ¢K•miD*ion of the charitsble company's fina￿181 ststemtnts carricd ou¢ ￿10￿ 145 of th¢ Charities Art 2011 (the 2011 Akx). In Carryi￿ my examtnation I have followd all the applicabl¢ Dirfi0ry8 givth by th¢ Charity CA)mmis5ion und¢T 5rrtion 145(5)(b) of the 2011 ACL llldepelldent exAmiatr'$ 5¢•lemeut sin￿ th¢ charitable Gompany's 8ross AAQ)me ex¢ethl £250.INY) yw ex*niti¢r b¢ a m•nbcr of a kndy listed in section 145 of th¢ 2011 ACL l Mnfinn that I am qualified to wthnake the ¢X*DiroM)n Ix¢ws¢ I am a m¢mb¢r of ICAEW, whkch is on¢ ofth¢ li5tcd lyNIi¢5. I hav¢ ¢ompl¢trd my ¢xanination. I cmfjrn) that no Matters have t4wne ￿ my attention in o)rnLCttion with tht eLrynJination giving JDE W￿¢t0 ir11￿¢ that in Sny mattzi31 resFecL Bcuunting T£￿rdS were not kept irt rtspeL* of the ¢haritsble LY)mpany &% rwirtil by section 386 oftlK 2￿6 A¢ or th¢ finjnriai SWcmentJ th) not acKord with those records: or the financiol staTrments do noi ¢4)mply with th¢ 8¢¢ow¥ting rty1uirww￿ of s¢¢tson 396 of thc 2[￿ Act other than any cxamination.. or th¢ fJnanGip] ststmots have wt betn prcpared in ar4X)r￿ with the 4nd principles of the Swement of R¢comm¢nd¢d P￿11¢£ for acwunting and rcporting by Chariti￿ appliGabl¢ to chawities prerwing their acci¥unts in *W)rdan￿ with the Financial Re￿]ng Stsrthrd appliGable in the UK and Republic of tr¢land (FRS 102). drnmm in this report irt orthrto cnablcnpropx uTthi￿Of thc finanoiDI Jtth¢ntsth ro[￿h￿. Chris Keat¢>Port¢r awieTrdAc¢ounthnt The Old Djiry Ashion Hill Farni Wetton Road Failand Brlstol BS8 3US WIMBLEDON tNTERNATIONAL MUSIC FESTIVAL LIMITED STATEMENT OF FINANCIALAcfIvITIES INCLUDING INCOME AI¥D EXPEIYDTfuRE ACCOUNT FOR THE YE4R ENDED 31 TrIARCH2024 T•t•l luods f¥¥ds 2023 2023 Income frnm: Donations and lryxies Chwitable activitic5 227. 137245 227.8 137345 116.097 129.169 116.097 129,169 Tol*l int•me 365,135 365.135 245,266 245,266 Expefjdltu￿ oi." CIL4Titsbl¢ activiti¢S 211065 212,065 262.Q73 262,073 Thtsl expendltsre 212.[￿3 211065 262.(173 262,073 iDtomel(expenditsre) movemeot ID fuDdJ 153.070 153.070 (16.807) (16,807) Re¢•u¢iliti0o •f fwids: Fund bajanccs * l A￿] 2023 31.789 31053 48.596 48,860 Fuod ￿11￿¢*8 *t31 M*T¢ts 2024 184.859 185.123 31.789 32,053 ThE Statem￿t of financial activities all Raim •d losse5 re￿&￿ised in th¢ y¢•r. AU in¢4)me aTwJ expmd1tu￿ deriv¢ from continuing activities. WIMBLEDON INTERNATIONAL MUSIC FESTIVAL LIMrrED BALANCE SHEET ASAT3111£4RCH2024 Current ￿51￿ Lkbtors 29.236 157.137 22.553 10.750 I￿313 33J03 Creditors: f*lllMg dw¢withi• • (1250) (1250) Net ¢urrnt assrfs 185.123 32,053 Ittcgme funds Rc8trickd fut)d8 Unrestricted fillJd% Designated fiJnd5 li 264 13 177.250 27250 4.539 184.859 31,789 185.123 32.053 The company is eniitled to the exemplion from t1￿ a￿lIt in settion 477 of the Companies A¢t 2006. for thcyear endtd 31 March 2024. The dir¢¢tors a¢knowl¢dg¢ their Tesponsibilitiu for complying with th¢ ftyuiTMn¢￿y of th¢ ComF4nies A¢1 2(1)6 with re5Ftct to a¢wuntiDg rc¢ords th¢ pffwation of finan¢ial stathents. Th¢ mcmb¢r5 hav¢ no¢ r¢quirrdthr COMp￿Y ¢0 oitiin an *Mlit of its firwKial forth¢ yr4r in question ID ¥L with 5CCtion 476. Thue financial statem¢rt5 have been in with thc ￿￿0VisIo￿8 applkthl¢ kn v)Thwi¢s subj¢¢t to the 5tnall [ty...5.￿ 2£)7Lk The financial statemats VI￿ approved by the of on.. N Thomas Trn5tst Company Y¢gbtr&tio• x¥mbw07145fJ7 WIMBLEDON INTERNATIONAL MUSIC FESTIVAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH2024 A¢tounthi polities Ckarity iDf•rm*li• Wimbledon Intemaiionai M￿81¢ Festiva] Ltmittsj is a privatr c4)mpany limited by Buarantee inc1)r￿r￿d in EnglaTwI and W8l¢s. The rystered office is 152 lknh8m RoaLL SW20 ODG. 1.1 Att0￿￿ti￿g tfjoventlo The finan¢ia] Jtalments h3v¢ bcen in acwrdanr¢ with the tharitsble company's memorandum artic]e$. the Companies Act 2(M)6. FRS 102'The Fit*Thti#J R¢p)rtin8 StsThlard applicablc in the UK and Rcpublic of ITcland' C'FRS 102T 4nd the Cl)arities SORP'A£couth8 and Rcw)rting by Clwrities: Statanent of Recommended Pr*i¢e applicable to charities Preparing their ste0th￿ irt actordante with the Finartciaj Rcwting Standard applicable in the UK 8nd Republic of Ereland (FRS 102)- (effeaive l janu￿ 2019). The chorithble (*mpany 1$ a Public Benefit Etttity &8 defined by FRS IO2. Th¢ th¥itable &)mpany h&$ ¢akM of thr FWOVi8ions in the SORP for dwiti¢5 to PTyr¢ 4 Sts*m¢n¢ of Cash Flows. zmounts in the5c financial slatemcnts are tounthd w the neorestL adopted $rto￿ klow. 1.2 ¢wtern At the tim¢ of approving the fujancial sthtement& the tr￿￿e£S have a rta8onable eX￿l0￿ tlw th¢ rhwitsble company has •kquat¢ r¢sourG¢s to wntinue in Opualton￿ exis*Thc¢ for at I￿t 12 months from the approvaj of the acttjunis. Thu5 th¢ truskes thntinu¢ kn ado￿ th¢ going vjnctrn buisof xr(wnting in prepari￿the financia] statements. 13 Cb*ritgble fwnds ur￿estrICted furth are available for use at thedi%rdion of the in fitrthtt￿ of thciT CharIt￿l¢0bJc¢IjVt5. R¢strirted 8re $ubiert ￿ sF¢ifi¢ ￿￿J111L￿ by or gantLKS as IlKy may be The purposej and Fmdowm¢nt klmds are subixt to $￿ifiC tt)nditioM by th&t the must be maintsined by the chuitable coo)pAny. 1.4 1Bcomt Income is ￿CO￿￿1Std whth the ￿￿￿￿bIr ¢x)mpany 15 Icgzlly cthiU¢d to it aft￿ any pvfornance condi￿)n5 h&ve been m¢L the amounts can bc mcasured reliably> it is p￿babIe that in&)Tne will b¢r¢ceivwL of the donatton. ￿trOm1a￿te ¢ondition5 r¢quirc dtftrrai of th¢ amounL Incornc thx rt¢o*eAble in relation to donations rcctived under GxftAid orde£ds of tovetwrt 15 re£4)￿Ised at the tim¢ of the thn*ton. Legacies are recognised on receipt or otlknYi¥e if th¢ clLaritable compthy has been notified of*) impEndin8 di8tribution. the amount TS known, arml receim is expeaed If the amowrt 15 the legacy is trc4trd as a contin8eni assct. WIMBLEI)ON INTERNATIONAL MUSIC FESTIVAL LIMrrED NOTES TO THE FINANCIAL STATEMENfs (COl¥TINUED) FOR THE YEAR ENDED 31 MARCH2024 Att•unti4g poiitlos (C••¢1•4￿) IS Expthdifvre ExpenditUT¢ is r¢wised ￿ theTE is a legal or ￿)M￿Ye0b11&8ll0ll th tra￿8r￿e¢DrM1¢ lthefit lo &third pty, it is probable that a tr3ry5frr of eGonomi¢ ix¥Lcfits will ir rtquird in settle4neni and the aMty1￿ of the obli88tion be measured rdiably. ExFnditure is C]￿l￿ed by activity. Th¢ ¢osts of ¢s¢h ￿1vIty wc up of the totsl of direct costs and shaToJ cos including SUp￿rt casts involved irt wO¢riaknng ¢¥h ¥tivity. Dir¢¢t U15ts attr>butabl¢ to a 5Lngl¢ activity are alloc8kd dirrtiy to that activity. Sh￿d rosts which g)ntribut¢ to morc than one ￿tIVity and SU￿￿rt costs whith #r¢ *llributable to * $ingie a¢tivity ¥1¢ aPFVtioncd betwe￿ tlw)sc adivKtsc5 on a basis consistent with the w¢ of T¢Sourrw. C¢ntrdl staff ￿$ts ar¢ 8iloc8ttyJ ort the bL3is of 5Prt atKI dywiation dwges ¥e allocated on the ￿rtIOn of th *ssct's u%. C05ts of Charitable activities incltyje artists, few V¢0￿ W iostrumt hi1¢ atsj a¢tivities. All costs are irt¢lwivc of VAT. which the charity c4n not re£over. IA Cash gmd ¢4¥ink*ts C&8h amd e4uivaltnts include in hand arml with bgnL 1.7 Flo￿¢••• iwtrumeDts The charitablc cl>mp￿Y has clcctsj to •pply th¢ pKvvi5ion5 of S¢dion I I 'Buic Fimncial In5trumrnts' aE)d Section 12 'Other Finthtt¢iai Instruments Issues. of FRS 102 ty ail of its financial ]￿trument& Financial illStrum¢nts ar¢ re¢0￿1$¢11 in the thitabk balthK¢ sheet when the dwitabk &)mr*any becomes paty trj the wntraCtL•I provi$ioThs of thr in5tn]menL Financial ass¢ts ond li8biliti¢S ar¢ offrt with the net ￿¢S￿A in th¢ stat¢mutt4 when there is 8 legally en[oT￿0b]e T]￿1 to 5¢t off th¢ T¢r1>￿￿$￿I •mowts aThJ there is intention to 5¢ulc on 4 n¢t btsi5 or u) realise the asset arbA th¢ liability simul￿￿￿￿1y. Brttiefvénci41 B&sic fman¢ia] &8sets which include debtr*s and casb atbj bank E4l&Lce4 are initially measured at pri¢¢ including transaction costs and are subscwtly carried * amonised cost Using thc efftrtiye inicrut tttethod unless the arrangement consiiiutes a financing transxtioT4 whcre the tran5Xtion hs measured at the prtsent va]ue of the fijttre receipts discowrted at a market rdtc of intcresL Financial a8SCt5 cla55ifLed reL%ivable within OneY￿ ate not amortised. Basic flnanciai liabilitie& incI￿]ng creditorJ. Trade Grcditors art obligations to pay for goods or tlwt have wuirtd IA the tirdinary of opertytions from 5uppliets. Amounts p￿ab]e arc classified as current liabilitics if payment 1$ du¢ within one y¢ar or le5& ifnot. they 8rt present￿ ￿ mn-CUnUrt liabilitie5. Trgde creditors are rewgni5ryJ initially at price and 5ub3qu¢nt]y WIMBLEDON tNTERNATIONAL MUSIC FESTtVAL LIMITED NOTES TO THE FINANCblL STATEMENTS (cowfiNUED) FOR THE YEAR ENDED 31 MARCH21124 IDeome doD•tiw *lld leyrt¢y UArtstritttd Unr¢stthd fwnd$ 2024 2023 Donations and gifts 47.890 180,CiIO 37,439 78.658 227.890 116.097 Friend5 Gift Aid 38,307 5.5(H) 4,083 30.939 6.500 47. 37.439 Gr4Dts 180.( 25,orKI 48.658 5,OtKI Arts COU￿11 England Taylor Family Fowidauon 180,(MY) 7&658 Nogift in kind has bt£rt re￿￿]¥￿1 iThth¢ Yw)U￿ for the volurf¢tt5' tim¢ duringthc Fcstival. fv•m mprise the ￿ W8rt¢5 of dotiatiow RrAt)ts he]d on tr￿$1 subj￿ 5p¢cifi¢ c(￿di110￿$ by th)noys as to may be we4J. At l April 2023 At 31 Marth 2fA Pttvious year. At J April 2022 At 31 264 In 2014115 a rcstricted fund was estsblishcd to provmk ¢(￿tIl 4￿Ce￿ for YOW￿ pcopk A balance of £264 remained in the Restri¢￿j Fund atyeartn(L 12 Anal￿ts offyrt *sstts Total ds 2024 2024 2024 At 31 Matth 2024- 455¢ts1(liabilitics) 184,859 264 185,123 184.859 264 185.123 Unrtrtrl¢ttd Rertrirt4d f¥Bd5 ds 2023 T•tsl 2023 At 31 M*rth 2023.. Currejxt as¥eWOithiitir5) 31.789 264 32.053 31,789 264 32,053 11 WIMBLEDON INTERNATIONAL MUSIC FESTIVAL LI￿[[TED NOTES TO THE FINANCIAL STATEMENIS (CONTINUED) FOR THE YEAR ENDED 31 hlARCH2024 IJ DtsjgthAt￿ sp¢cifi¢ ¢ortditions by (k)￿r$ and how th¢y may be These include deSiRna(ed fLmds which have bEen set ¥id¢ out of unrt5tridr41 fimds by tru51c<5 fi)r sprcific pur￿>1¢8. Movtmt•t i M•vtmeDt in funds l April 2QL7 l Apiil 20LI r¢*Jrre5 31 M4rrh 2024 27250 27250 27250 150,000 150.0(K) 250 27250 150,( 177.250 14 RtlAted prty tr*wctiD Th¢r¢ w¢r¢ no diJ¢losabl¢ r¢]¥1￿ ti¥ng¥tiOns