Charfity registration number 1142980 Company regislration number 07145737 (Engl#nd and Wales) WIMBLEDON INTERNATIONAL MUSIC FESTIVAL LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR EIYDED 31 MARCH 2025
WIMBLEDON INTERNATIONAL MUSIC FESTIVAL LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees ARF Lenon J RM Hardwick J P Marland N Thomas E Wigley (Appointed 28 April 2025) Secretaiy CIL&rity nuThber CompHny number Registered office N Thomas 114298 071457.37 I l Burghley Road Wimbledon London SW19 5BG
WIMBLEDON INTERNATIONAL MUSIC FESTIVAL LIMITED CONTEP4TS PA%e Trustees, report Independent ex*miner's report Statefftent uf finaneiAI activities Bg18nce sheet Notes to the finnClA statements IOto14
WIMBLF.DON INTERNATIONAL MUSIC FESTIVAL LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Th¢ tyusiees prcsent Ilieir aThnual POrt and fInrIal siai¢m¢nls for Ihe yearended 31 March 2025. The finnnciol siaieinenis have been prcplld IFJ ac¢ordance iviih Ihc accounling rx)licics s¢¢ out in note I lo Ihe financial la¢crncni% and comply iyiih the clIritable coinpaiiy's memorandum and article5. Ilic Compllnies Aci 2006 and 'Acwuniithg und R¢porting by Cliariiies.. Siaicrncntof Recommended PraLlic¥ appli¢ablelo cliarilic5 preparin8 their accoiiiiis in acc(>rdance vith Ilie Financial Reporting Standard applTcabl¢ in the IJK and Republic of Irclatid IFRS 1021 leffeciivc l January 20191 Oble¢tlvr$ #nd itlivilieB 'I'lic chlliitthbl¢ ¢ompany's principal objective 15 to advance, improv¢, dcvclop and maintain public education in music and appreciation ofihe ari k)nd science ol'inu5ic in all ils aspec1%, including Ihrou8h Ihc pre5enlA(ion af public concerts And reciluls. Its primary aeiiviry, in pursuii of iliis objectivc far publi¢ b¢nefii, 15 to promote and manage w) annual music fesiivil I'the re¥tivul'l basrd in Wimbledon and Ihc surroundiiig ar¢a of Souih-W¢st London. The IrustBe% have paid due re8ard 10 8uideiice i55u¢d by Ilie Ch&iiiy Commission in decldlrng what aciivitics the charilablc company should undertake. Achievement5 performhnee I'he 2024 Wimbledon Inicrn¥Liionul Mu5LC Fcstival ivas Ihe sixieenih F¢siivo15inee ils founding in 2009. There ivere 16 mojor ¢v¢ning concerts. Iviili liv(I duublr ev¢nis Iboili iyiih iheincd lea or dinn¢r b¢iiveen Iliem. in conjunction viili locul r¥%laurant$l: 8 faniily (:oncen,' Pla),l-es1. a ci>mmuAiiy perforrning day.. lour lunchiiiii¢ 'Neiv-Generation Artists, eY¢nl%', und a m•jor ']41ucs and Raot5' cducaiionll prolLLt in portn¢r$liip iviili MLrtori Music foundaiion Ii'iih in-%ch()ol i114iru¢iion Icllin8 Ihe slury ol. sreat Lharle5 Mingus, and a eonLert ultcn(kd by approxii))4i¢ly l.6QO Mertun l)Timllry children ui the Nciv Wiinbledon lknealre. The Lun¢htlm¢ concerts, Family Concen. PlayFesi, and tk 'Blues and Roo(8. educational project all bencfjted from o 8r&ni rroin Arts Council En8loiid and IIK Nailottal Loilcry Fund, Tli¢ directors are cxlrcmely graieful for tli¢ir support. wa5 tlie r¢v¢lation vf the mu5icuI gifts 8nd m$iur¢ly ofihe then 17-)'¢arold Chincsc-Britisli violini%1 l.ciy £lits. Ivho pcrfotrn¢d d i¢¢linicully und mu5icolly deinanding conrcrt c()rnpl¢i¢ly Ironi memory. Tlic oihcr lunLhiiine concer15 includid a very scn%iiive ttnd ll85ure pcrforinancc by the young Turkisli plan1 Can ¢ukinur'. tivo fine young singers. soprano Daisey l.ii'esy. ¥iid Boss-Bariione Florian Slortz in iivo ¢an813s by J% lluch: Iviih Ihc finul luiicSitim¢ being o shuivcast concert by th¢ iniern&tion81 young siudenis ufihe Yehudi Mcniihin School in a p¢rformancc ofihc 16 year.old mendL1571n,$'s1Tili8 Oriel.. Tliis ivas fulli)%¥ed by a 18lk on 'Tlic Bu5inc55 of Mu5i£' by Gr&mmy-Aivard i%'iNner US celli41 Zuill Bailcy, folloived by a Lellts M#%(exlLS5. The op¢ning ¢lioral concerts showed ihe Acadcilly C.liolr And Ilttroquc OTclicslr& in fine forni in Handel'5 drainaiie oratorio. drama'J¢philia', and this sei ihc tlitmc ofihe 2024 FESlivul'. MUSICAL STORYTELLINti. 'lama MJthcson ivrotc and llcted the story of Russian ProkofiLv. 'Tlie Wandering Toiver., revealing Prokofiev as considciubl¢ story.t¢ller. PTokofiei' iYa5 the featured coniposer IhrouEhDut Ilic Fc51ival. Iviih Iiis violin sonala, his'Li¢uienani Kije Suit¢ t¢llingly performed by Ilie oulsl&iiding )'oung Connllught Brass Enscmblc. Prokofbev featurcd iti violist Laivrcnc¢ Poiyer's reLiidl wilh his suitc from Ihe balle( for 'Romco and Juliet: and also his 'Llassical 8>'mpliony in (lic final concert glven hy the l)hilh&rmonia Orchcslra. US £elli517vill B&illy il'as Ihe Anisl in Resideace. perform A mighty rcciiol of Rllchmaninov 8nd Chopin iviili pianist Piers Laiie,'.joining the Brodsky Quanei in a du&1 programm¢ of MDZiIrt inspired Quinlcl& perfomiing Schub¢rt's"Slriiig Quintet, and S¢hoenherg's 'Vttrklartc Naclil" giving & talk. und coiJdu¢iin8 a masicrclass, and a5 ][15{ in Tchaikoi'5K) s 'Rorc>¢o varialions ViTrIi Judith Busbridgc. and clarinct I'irtUOFA) Mi¢hael Collins la long-standing art151ir p81ron of the Feslivall vere a150 gucst p¢rfomi¢rs iviih Ihe Brodskys.
WIMBLEDON INTERNATIONAL MUSIC FESTIVAL LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Otlier notable performances were given by pianist Steven OsbornE. again f¢aturins (lie wil'er of musTC as Ory-telling in schrnnn's 'Stenes of Cliildliood-. and Ilie exlraordinar), 'Winsboro Cotion Mill Blues, describing thE 51iallerin8 8nd r¢l¢nil¢ss sounds of a liugc cotton mill and lh¢ PTOltst of Ihe t4'0rktrs'. Story-lelling again. Rcgrnt's Opcra offcrcd a fijiely sung and dramatic performance uf Mu£art's'Dun Giuvanni . ArmOlcO Consort pre5¢ni¢d a %vondrously litlie tnacied uccounl of Purcell's'Fairy Qu¢¢n' and Ili¢ ou¢%ianding Czech Pavel Haa5 Quariel in¢luded Buhuslav Martinu s Seventh Siring Quart¢i, folloiving a SCT¢cning of Ili¢ film 'Music of Qxile, telling ili¢ life story vf il iVrnFK)xr forced to lii'e in txile. The Fesiivbl losed %vith a dramatic perforjnance revealing Beellioven's 'indDtniiabl¢ i%'ill' as exprcssed in Iiis Sevenih Symphon>'. a performance movingly dedicaied lo thc departing found¢r and Fe$iivol Dircclor. Fin&nciAI rfview For Ili¢ y¢Jr ended 31 March 2025 tli¢ charitable coinpany N'corded n¢1 expendilurc of £31,474 {2024'. nci income £153,070). Total cliarily funds stood at £153,949 with no r¢strici¢d fund5. The re51ricled funds on l April 2024, Ivere uscd during ihc 2024 Tresiival lo support atlrndan¢¢ ai F¢%lival ¢on¢¢rts by sludenis aThd otliET young peaple, sptcificfilly scliaol pupil% attciiding Ilic collubornlii'c ¢v¢ni or&ianir¢d iviili Merton Music foundaiioii al Ilie N¢iv Wimbledon Tliesire. Givcn Ihe acknowlcd8¢d cliallenges of securing su51uiiiuble fuiiding for Ilie Festiv&l, Ihe board regHrd5 Ihc8L fv'suli% a% sutisfoctory. Crants and donatlon5 'rhe financial viubilily Df Ili¢ F¢siival reinaiiis Iiu8ely dependent on Ilie very generous finan¥ial support Ilint ive have r¢¢¢ived from rnany diff¢Teiii organisotions &nd individusls. Tlie dircclor5 Ivould likL its r¢¢ord Ilieir 8raiitudc lo all those ivho Iiave provided us %viih financial %upJx)rt. r¢¢ogiiisin8 in pArticular Ihe cuniribulions madL to Ilie 2024 fe51ival by ili¥ TLflIS l.'oundiili()n und Atls Couii¢il Englfjnd nnd Ilie Naiional Loiiery Furid. Tli¢ diN'cior$ h#v¢ also b¢£n cncouru¥Ld by Ihe strength of %upw)rt fr(im ()ur Friends and f4¢iiefaLtors. Re$ervu poll¢y Tlic charil) aim.% li) build linmciul r¢s¢rv¢s 10 ensDrL' Ililli Ih¢rc arc adtquniL £oniinuenLy fiiiids avBilablc to u%sisi th¢ niuiiRgcmLnl d¢liv¢ry of annu21 Fe%livalf rjn a c()niinuing bls. And fi>r ivinding up Ihc l.-cslivul und Coinponi,, sliould Ihal ¢v¢r b¢¢onie nLCC¥5firy.'I'hL' Irusl¢e% urc siitisfi¢d Ili&l Ihc rcfcr¥cN ul 31 MarLlI 2024. ()r£153.949. provid¢ IIL'.%ihility und alloiv Ili¢ ¢hJriiul)le ¢oinpuny 10 In¢ei its obligatioris in any T¢uwnably fores¢eJble cirLumslai)ce5. Future fund rai¥iJ)8 10 build rcsilicnre l()ng¢r i¢rin reJn8in3 a key priorily. PIAn.$ forthe Futurt 'I'lic 2024 F¢stiYal Inorkcd Ilic rclircment ol'ouT founder Arfi811¢ DireLtor. Anthi)ny Wilkinson. Ivho ¢rc&lEd ik Festiv&l. Willi hi5 reliiEfibEni and Ilie 4ppoinlment of a successor. Aniliony Friend, in ellrl). 2025. Ihc Fcslival has bcgun u n¢1¥ thapier in 115 hi510ry. Th¢ diredoTh look forivard 10 Ihe furih¢r arti51iL dcvelopineni ol'ili¢ fr¢ivul, building on ihc oul51andiiig legacy of 115 roundcT. and ¢ombining boili coniinijity and innovaiion. sccking io atiract neiv and wider audieThces i¥hilc malniaining the exceplionally high standards by precedeni. With the Arti1C dircciion of ihe Fc51ival secured for th¢ n¢xl stag¢. the directors are very focused on Ihe need to secure ¢ontinuit>' tsnd durabilit). of funding, Ivliich is Ihc most 5ignificanl risk fa¢ed b), (he LI1lIUbIC coilipany, Th¢ dir¢¢iois have 55esscd Ihc Dthrr risks 10 ivliich the chari14Lble cornpany 15 ¢Apos¢d and irtt suiisficd 11181 proccdurc5 iii pla¢¢ lo mitigate cxposurc lo th¢ rnajoT iisks. Stru¢turt governance and managtmtni The Charily is coThsiiluted 85 a compaiiy limited by guorttniee, illct)rporaicd on 4111 Fcbruary 2010. The overall mallagcment of the Charity is vested in ihc IM)ard of dircctors olih¢ Company, Ivho are the Irusiees ofihe Chariiy. The board of direcloTS meels pcriodically during the y¢ar lo Iransacl the principal acttvity ofihe Clirtriiy. Reference Rnd ndmini$tritivè ddAIIs The Company Iregisfered iiumbeT 071457371 1$ also o r¢gisi¢r¢d charily {No. 11429801 Ind its BIll¢red orficc is I I Burghley Road London SW19 5BG
WIMBLF.DON IIYTERNATIONAL MUSIC FESTIVAL LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUFD) FOR THE YEAR EJVDED 31 MARCH 2025 Du¢ to lh¢ size ofihe Compan},. the Company is eienipl frotn Ih¢ requirements for a Comparties Aci audit. Iii Ilie opinion of Ihe dirc£iors, tlie CompRny. a5 a rcgi51¢red cliarily irading solely for it5 priinary purpose las (kfined by thc Cotporatioii Tax Act 20101, is tu exenipl. Dire¢tors The Ii'u51ees, Ivlio arc a150 lh¢ dir¢¢iors for Ihe piirpose ofcoiKpany laiv, and ivho served during the year and up lo (he dale of signatur¢ of lh¢ fin0ncl siaiernents %i'erc'. ARf Lenon J RM Har¢J%vick J P Marland N ThDmas Wigley Chair Treasurer (Appointcd 28 April 20251 8iralcBi¢ oversight and direciion of the company is undertaken by th¢ dir¢cloTS. SUPPOrted by Ilie FeJival Artistic Dircctor, vho lias responsibility forilie anistic progrnmmc. ih¢ Frsiival Producer, Ivho leads on Ilie day-to-day planni8 nThd delivcry of ih¢ f¢5tival.'lkne Artislic DireclOT dnd F¢siival Produccrare supported by jUniUT m¢inber8, the Benelactors &rtd Friends Admini51rntOT and a number of volniCerS ivl)o provide invaliiablc %upwrt ai fill Ihc fesiii'al eveiiis io ensure Ihoi iliey run smoothly. Al liJn¢s. the board of dir¢ciors eslabli51ies conitni11#¥5 druivn from 12mniig8t tlic dircctors. willi e.xternol suppon ivherc ppropri81e, 10 05sisI Iheni in Ihcir ii'ork. Tliis #pproJ¢h ,$ iaken lo suprt the rc¢ruiim¢ni procek% llnd pun¢ls for ihe )ppc>inlrnLnt ()I'th¢ neiv Artisti¢ r)irecior, ¥vhich %Yas adi'cff iscd by opcn C(1)p¢11ls0n. For ne%Y'l ru%lcc appoiniiiiLni8, a simi1OT approatli will bc token, Lx¢¢pt ivlicr¢ Ilie board is aivare (>fu ivrll.qu81ilied Lnndidole i¥hom Ili¢ Lxisling Irusi¢¥s beliLve ii'tiuld briii¥ valuabl¢ ¢xperience and.%Kill.s 10 Ilic board, iii ivhich ca%e sucli ll pcrson Inay bc invii¢d 10 becomL Iruslcc by direei invilalion. In either case Ilie vlews of all exisiing Iru51e¢s Bre CELnvassed and a ¢onsensus rellchcd bcfore an uppoinlmvnl IS mud¢. In carrying oui Ilie aciiviiics of Ilie Chllri¢y, the dtreclOTS as iruste¢s h8v¢ ¢omplied iviih the duly under se¢iion 1715} of the (.'hArillt% ALI 2011 lo liavc regrd IL) Ihc Cliurity Comiiii$8ion's Ruidonce ot) public benefit and they fyr¢ salisfied thai the Charil), fuifils 115 fun(SJminlul obj¢clS and so provides publiL bLntft. Our Bcncf¢1clor5 and Friends orB8nisaiion is a key componcThl ofour Ft%iival ctsmmunity. boih a5 audien¢¢ member$ and as provid¢rs ol'thn(ling.'I'hL dir¢LI(ITS iliaiik All ofour B¢ncfariors und Fri¢nds, Ivithoul ivlioIn Ilie l.'esiivlll Ltyuld not coiiilnue lo be As successful. We are also rnost grateful io the mllny volunt¢crs ivho provide invaluablc 5uppori 4t 911 the Festival cvenis lo ensure thai ih¢y ruii sinotsihly, Thc dir¢clOTS ¢xpress their immensc grotitude to Ibr outgoing Fesiival Dir¢¢ior, Anlhony Wilk'inson, Ivhose remarkable i¥iork ensutEd llnoilier suLLcssful ycar for tlic Fc51ival, and cxtgnd a v¢ry ivam) ivclcome 10 his siittesor. The tnL5tces' rcport iv&s approv¢d by the Boord ofTrLwees on 181h December 2025. N Thoma$ Trustee Datod.. 18" December 2025
WIMBLEDON INTERNATIONAL MUSIC FESTIVAL LIMITED INDEPENDEIYT EXAMINER'S REPORT TO THE TRUSTEES OF WIMBLEDON INTERNA TIONAL MUSIC FESTIVAL LIMITED rerxin io Ili¢ irusl¢e5 on rny examinolion of Ilie financial slat¢menis of Wimbledon Iniernalional Music Festival Ltmiied Iilie cliarilable cornpanyl for Ili¢ year ended 31 Marcli 2025. Responsibilitit$ #hd b&sls of report As Ilie Inislee8 of IliB clioriiJbl¢ ¢ompany land also its directors for ilie purposc8 of CoMpnY laivl you are re5ponsibl¢ for Ilie preparaiion of Ille financial slal¢mcn¢5 in a¢¢ordaiicc ivitli the requirL'menis of the Con)panies Act 20061llie 2006 Act). Having 5alisfi¢d Inyself iliat the fjnancial statcinents oftlie charitable company arc not required to be audited under Part 16 of Ihe 2006 Act and are eligibl¢ fvr ind¥p¢ndent exMination. l Teport in respecr ol. my examin£Itio of the cI18riiable coinpany's financial sttti¢iii¢nis £arricd oui under seciian 145 of Ilic Clinrilie5 2011 Iilit 2011 Acil. In carr)'ing out m) c%amiiiaiioD I havc folloi4rd all the Jppliiabl¢ Directions givcn by th¢ Cliarity Conimission undcT 5CCtio# 1451Sllbl oftlie 2011 Aci. Ind¢pEndenl tXAmlner's stAtemcnt Sin¢¢ Ilie cliarilal)le compall) s grtsss income exceeded £25Q,000 your cxamin¢r must be & rncmber of body lisied in 5CCtioii 143 of the 2011 A¢1. l ¢onfirin IIIRI l am 4ualified 10 undertakc the examinaiion bc£ause l um a member Of ICAEW, which is one oftli¢ lisied bodic5. I hove ¢oiDpl¢led my examinulion. I confirni thai no maiicrs have coine to my att¢niioii in coNneclion %YS111 Ihc ¢xuininaiion 8iving ML Lau5c lo bcliev¢ 11141 in any niaicrial r¢spccI'. accounting r¢¢ords were not kepi in re5peei of the chlriiable wmpany as TCqUiTed by s¢¢iion 386 of lh¢ 2006 ALI., or Ihc financial ilutemcnts do not &¢cord iviili thofe records.. or tli¢ fiiiancial siaiL'meni% do not Lomply %VTilI Ilie J¢¢()uniin8 rcquirement5 ofs¢¢ilon 396 of (he 2006 A¢1 olh¢r thw) any requir¢m¢ni thai Ihc a¢¢ouni% give a Irue and fllir vicw ivhl¢h 1$ noi g mlltt¢r consid¢r¢d 8$ of un indep¢nd¢iil c.K8rninulion'. or Ilii financiul sill(¢nienis hLVC n()t htcn prepored in accoi'dancc iviih ilie mLllI(?ds und prineiplcs of the Si&ienicn¢ of IiL¢pmmcnd¢d Pro¢ticc for accounling and r¢poriing by charilic5 applicabl¢ 10 Lharilics prcparing thcir o£counl$ 111 a¢tordanee iviih Ihe FinanciHI IlewTrrting Siandard applicabl¢ in Ihe UK and Rcpubli¢ of Sr¢l8rtd11.'EiS 1021. I have no ¢on<erns and havc Lonie Dcross 110 other mAllcr3 in ¢onneciion %vil11 tlie &xaminllii()n iu i%,liich atienii()n yknuld dr&i¥n TrihiYr¢po Drd¢r 10 enable a proper understanding oftlic finfjncial slalcmcnts Iri bc rcachcd. 5-Port¢r Cliartered Accounl8nt Tli¢ Old Dairy Asliton 14111 fami We51on Rood railand BS8 3US Daled.. Xa x
WIMBLEDON INTERNATIONAL MUSIC FESTIVAL LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 A£4RCH 2025 Unrestrlc¢Ed R¢5trS¢ttd funds funds 2025 2025 Total Urtrestrictsd lunds 2024 Restri¢¢ed (vd$ 2024 Tot#1 Z025 2024 Notes Intome from: Donalions and legucies 122,006 122.006 133.281 227.890 137.245 227.890 137,245 Totil Ineomt 255.1127 255.827 365,135 365,135 Expenditure on: ChHrilabl¢ aclivitics 286,197 264 286.464 212,065 212.065 Totsl expendlture 286.197 286.4G4 212,063 212 065 Jytt Incomel(expenditurel And movement In funds 30,910 31.174 153.070 155.070 R*cothell1thtlo of funds.. rutid balancc5 at l April 2024 184.859 264 31,789 264 32.053 Fund balin¢o$ at 31 MArth 2025 153.949 153,949 184.859 264 Thc sillicmcni of finnneial aCliviti¢s includ¢s all gains and losges recogniscd in Ilie year. All in¢om¢ and expenditui'e dcriv¢ from ¢onilnuin8 ocilvities.
WIMBLEDON INTERNATIONAL MUSIC FESTIVAL LIMITED BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Current hssets Dcbtors Casli at bank and in hand 11,678 145.828 157.505 29,236 157,137 13,303 Creditors: amount5 IHlllng due withln one year 10 3.556 currenl Assets 153.949 185.123 Income fund% Rc%triLlcd fund5 Unrcsiricttd funds Desigiiuied funds Gcncral unrcslric*d funds 204 13 150,000 3.949 177.250 7.609 153 949 153.949 184.859 Th¢ ¢onipany is eniiiled lo IhL exemption froin the lludit requirement contained in s¢¢lion 477 ofihe Compan5es Aci 2006, for Ili¢ y¢ar¢iided 31 Marcli 2025, Th¢ dir¢¢lors acknoivledge Iheir re$ponsihililics for complying wilh the requirem¢nls of ihe Companie5 Act 2006 ivith respe¢1 to (I¢¢OllTlling record% Bnd Ilie prepurutiun or rinanciol slalcmcnls. The memb¢rs hav¢ noi r¢quired the compllny lo obiain an uudil ofils fiThanciol stAlemenis for Ili¢ year in quesliort in accordanc¢ iviih se¢tion 476. These financial nteMentS h4v¢ b¢¢n pr¢pored in a¢cord&n¢e iviih the provisions applS¢nble lo compani¢5 5ubjeci 10 the Small companies. regime. The finllncidl 51aiemcnis were llpproved by the Board of Trusiees 011 18ih December 2025. N Thom Trustee Compfiny registration number 07145737
WIMBLEDON IliTERNATIONAL MUSIC FESTIVAL LIMITED NOTES TO THE FINANCIAL STATEMENTS OR THE YEAR ENDED 31 MARCII 2025 Accounting politits ChArity informatio Wimbledon Inremaiional Music festiv Al l.iniiled 1% D priva1¢ tompany limited by guaraniee ineorporaicd in England and Wales. Tlie regisleTed o(fice is I l Burghlcy Road London SW19 5BG. Accounting CDnv¢nliort The financial %tal¢Tncnl% hav¢ bccn pr¢par¢d in accordance iyitli Ilie ¢11oritablc compens 5 memorandum and articl¢5, Ilie COMpnIcS A¢1 2006. FRS 102"The financial Reporting Siandard applir)bl¢ in Ihe UK and Rcpubli¢ ofireland" I'rRS 102 1 and Ilie Chariiies SORP Accounting and Ilcponing by Charities.. Siatemcnl of Recon)niendLd PrdLIiL¢ applicable lo chdTItIL5 preparing Ihrii accounts in accordancc iyitli Ilie Fixancial Reporting Siandurd appli¢Jbl¢ in Ilie UK and RLpubli¢ ofireland IFRS 1021" leffecliwe l Jllnuary 20191. The c118riiable coinpany is a Public BeiiefLt Cnlity. as dcf5ll¢d by FRS 102. The charilable company has iak¢n advfjnio8e ofilie provisions in Ik SORP for ch8riiies not lo prepare a Siliement of Cash Floiys. Thc fin&ii¢io1 slalemen15 are prep&red in 51erling. Ivhlcli is the funciional currency of ¢h¢ ¢horiiable company. Mon¢iary LlllOUlllS in ihese financial $iaiernenis are rounded 10 lh¢ erest £. The fiThancial slaiem¢nis Iiave been prepDred under Ilie hisiorielll CO Convention. Tlie principal accouniin8 txJlici¢s lldopled are sei out below. Going tone¢rn At Ilic lime of apprDvin8 lh¥ fin#nLiul siai¢m¢nls. (IIL IrusiL'L5 huv¢ a 0$ollable expectation IhRi IliL Lhariitsble coinpany11&8 ad¥4UUtr r¢sour¢¢s 10 ¢oniiiiue in ()pLrational cxisi¢ii£¢ foT ai IL#si 12 Inonllig frum lh¥ UPPToval ofihe 8¢coiinls, I'lius Ihc Iru51ee$ ¢ontinue 10 gdopt the 8OITlg-coiicern basis of M¢¢ounling in PTeparinB Ilje finan¢ial siolemttnls, Charitable furbdj UnrL'siricied funJ5 ¢ Availablc for use at thc di5cr¢tion of Ilie Iruslees in furthcranee ofiheir ehariiabk objectives. Resiri¢ied fund% ttre %ubjeLt lo spccifi¢ conditions b), donor5 or grantors as IiTr ht)i¥ Ihey may be used, Th¢ purposes and usc$ ol'ihc r¢siri¢i¢d fiinds are sel out in ilie nolc51o Ilie flnanLillI %lLiemcnls. EndDiYmeni funds arr subjcct 10 5pe¢ifi¢ ¢onditions by donoT5 thai Ilie c8piial musl be inainiaiThcd by Ili¢ ¢horilAbl¢ company. InwTn¢ is r¢co8nised ivhen the charilablc compaiiy is le8Ally eniiilcd 10 li after an), performttn¢e condilions liave b¢¢n Inel. Ihe amounts can bc inea5ured reliably. fjnd it is probable Iliol incomc ivill b¢ reteived. Casli donaliDns ure r¢¢ognis¢d on receipi. oiher donaiioiis are r¢togni%¢d on¢¢ Ili¢ cliarilablc cornpai)y his been notitied of Ilie donaiion, urtles¥ performanL¢ LL)llditioiis require d¢f¢ri&l of the amount. Incom¢ t&K rettsvtrable in relatioii io don)iion% received under Ciift Aid or dccds ofcovcnant 1$ re¢o8nised at the lirnc ofihe donation. L¢gacies are reco8ni5cd on Ceipt Of oiherivise if the Charitablt company ha5 been noiified of an impendiiig (Itsiribuiion. tho amount is LNoi¥n, and receipt 15 ¢AP¢ft¢d. If the amount is not known. Ihe le¥uLy is Irealed as coniingtni asscl. Expcnditvre Expcndiiure is recognised once Ihere is a legal or consirueiive obligation to transf¢r¢conomic ben¢fil to u Ihird party, il is prabablc that a transfer ofeconomic benefits iyill be T¢qtsir¢d in seitlem¢ni. and Ilie arnounl of th¥ obligation can be measured reliably. 10
WIMBLEDON INTERNATIONAL MUSIC FESTIVAL LIMITED NOTES TO THE FINANCJAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policie5 Icontlnuodl Expenditure is classified by activily. The costs of each aeiivily ijre ma(k up of tlie total of direct colls and thared coyLs, including support ¢osl$ involved in undertaking each activity. Direct costs aiiribulable lo a single aciii'ity are allocaied direcily io ihal actTrvily. Sliared costs which Lunlributc lo more ihan oli¢ &ctivily and support C0515 Ivhich are iioi aiiribiiliible lo a singlv activily ar¢ #PPDrtion¢d beiiyecn those O¢1ivities on a basis consislenl il'ith the us¢ of rcstsur¢ei. Cen1r staff costs are ollocaled ofi Ilie basis of limL swt, and (kprecialion charges are allocaicd on the ponion of Ilic asset's use. Costs of chariiable activities include ortist$' fees, venu¢ ¢osis. inslrumeni hirc and markeiin8 aciii'ilies. All cos15 are inclusivc ofvAT. iyhicli tli¢ ¢118riiy can not recover. Cash And tash equivalents Cash and cash equii'aleThl% include cash in hand and iviih bank. Fin#nelAI Instrum¢nts The clioriiable company has elccied io appl), Ilic pravision4 ()f 8¢clion 11 'Basic findnciul Insirumenis, And S¢ciion 12 '0iher l.in&ncial Insirurnenls 155ucs' ofFRS 102 to fLII of lis financial in51rum¢nl¥. Financial in51rum¢nl% rL'cvgni&¥d iii Ili¢ ¢118riiable compllny'5 bBlanee sheet ivhen Ihe ¢hariidble comwny b¢eom¢s party to ilic conirdciulll provisions ofilic instruiiieni, FiTi•ncial os%et% and li%ibililic.% arc offsei. Iviili Ili¢ rtei Amout)Is prescnlcd iii Ilie finErIal siai¢menis, Ivhen Ilicrc is legally enforecubl¢ Tight 10 %¢1 off Ilic r¢co8n15ed amoun¢.% and Ih¢r¢ is Jn inieiiiion lo scttle on a nEI hi15 ori() r¢8lis¢ the $¢1 and seiile Ihe liability simuliancou51y. Bffsl¢fliirtii¢ltsl rtssets Bhsi¢ flnonciAI Asx'ls. Ivl)ich inLludL dcbiors aiid ¢nsli nnd bbnk bttlin¢cs. arc ini(ially rn¢a5ur¢d ai transaLiiun pricc including Ir#ns#clion co%1.% und dr¢ SUbQU¢ll11Y carricd at iirnurti%cd Cost u8in8 the L.ffL'LiiVC inlcr¢%l mcih(Id ui)l¢ss Ili¢ arr&iigcmcnl con41ituiL% ¥ finunLin¥ Ironsaclion. IvhLN' Ili¢ Iransaciion is moL8urcd ai Ili¢ prL'scni vuluc uf Ilie ruiure rLLcipls discounlcd al u InkL TUIL ofinl¢iibl. finoncial o55els clussifi¢d os rcc¢iv#bl¥ il'iihiii onc ycur arc not amorti5cd. BHslcJliiffii¢i4lLlnblllll¢s Basic fin4n¢ial liobill¢ie& including creditors. Tradc rr¢ditor$ ar¢ obligalions lo pay for good5 or services Ihnt hav¢ b¢ctt acquir in Ihc ordinfyry course or operations froin suppliers. Ainounts payable ar¢ ¢la55ifiEd 8$ curreni liabilities ifpaym¢ni 1$ duL il'iiliiii oiic }'caT or I¢s5. If not, Ih¢y r¢1¢ pr¢senied as non-curreni liabililic5. Trade creditiJr% ar¢ rc¢ogniscd ini4ially at Iranse¢llon price and subsequenils, n)Idsu ut dinorti8cd cost using the ¢fftcliv¢ int¢resi meihod.
WIMBLEDON INTERNATIONAL MUSIC FESTIVAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from doNatlOllS And legacies Unrestritted funds 21)Z5 Unrestrleted fndS 2024 Donations and gifts Grants 66.725 55.281 122.006 47.890 180.000 227.890 Donntions and fts rrieiid5 Gitl Aid Oiher 52,265 12,210 2.250 66.725 38.307 5,500 4.083 47.890 GrHnt5 TErtis Foundaiion Arls CuunLII Englund aylor l-amily f¢)undaiion 25.000 2¥.630 180,000 55.2¥1 180 000 No gift in kind has b¢¢n re¢ognixd in Ilie &c£ounl3 for IlJe volunlc¢rs' lim¢ incurred durin8 ihe Fesiival. Income from charltRbl¢ g¢¢ivilles PerformlThi fflU51c Ptrformlng 2U25 2024 F¢stivAI in¢ome 137.245 Expendltyr¢ f hAritAble A¢tlv5tle5 Performlng rnu5i¢ Preformlng mll%lc 202S 2024 DSroe¢ ¢o$t$ 170.673 31.609 84.192 286.474 135,019 30.175 46.871 212.065 Markaing Adininisirition Support costs Allocfited to activitiei Tliere ivere no suppurt eU515 orising {2023 £131. Tlic indcp¢ndcnt ¢Xominer 8 fee ivos on a pro bono bllsig. Trustees None of tlie trusiees lor any persons connecied iviili Ihcm} rtceii'ed any rcmuncrntion or benefits from ihc charitable company during ilit }'ear. Employtes Ther¢ ivere no employees during tlie ycar. TAXththon Tli¢ ¢hArity is e.¥empl from i&Nation on its aclivilies becaust all ils is applied for charitabl¢ pury)ose$. 12
WIMBLEDON INTERNATIONAL MUSIC FESTIVAL LIMITED NOTES TO TIIE FI,ANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Debtors 21125 2024 Amounts fnlling due within on¢ y¢*r: 1.678 23,486 OihLr debrors Prepayinenls 5.750 29.236 1.678 10 Creditors.. Amount5 falling due within year 2025 2024 Accruals 3.556 1.250 Restrieted funds ie resirlcied funds of ih¢ chority ¢oinpriK tlie uneApcnd¢d balAn¢¢s of donaiions and sranls I1 on Irusi 5ubjecl tu sp¢cifi¥ ¢ondiiions by donors a5 lo lioiv they MAY be used. Al l Aprll At 31 March 2025 2025 264 At l Aprll A131 2023 March 2024 264 264 ID 2014115 a rc51ricied fund was e%iAbli%li¢d io provid¢ concert accc5s for young people. The bol¥ncc on Ilils t¢s¢rve va% ulilizcd 10 SUPPON Ilie Feslivdl's sponsur5hip ufilic Merton Music foundation's sclioo15' musir ev¢ni$ fLt Nelv WimblLdi)n TIIcaire. iYlii¢li ¢llier¢d ts) somc 1600 s¢hoDI s&tc children 12 Anilysls of nel Asseis between funds Unrt5trictcd funds 2025 Restricted funds 2025 Tot•1 2025 At31 MArch 2025: Current &sseisllliabililiesl 154,475 154.475 154,475 154.475 Unre$trlcted futbds Re5trictrd rund5 2024 Totgl 2024 2024 At 31 MRr£h 2024: Curreni assetsllliabiliiiesl 184.859 185,123 184,859 264 185.123
WIMBLEDON INTERNATIONAL MUSIC FESTIVAL LIMITED OTES TO THF. FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13 De51gnJt¢d funds The iinrcslricled fundsof Ihc charity comprise Ilie unexpendtd balances of donaiions andgranls ivh5¢h arc not subjecl lo spccific rondilions by donors graniors as to hoii, tliey rna), be uscd. lliese in¢lud¢ de5i8naied funds ivliich IINve beLn aside oul of UnT¢slri¢t¢d funds by Ihe Iruslccs for 5pecifi¢ PUTpo$es to liighlighl Ihcir coniribulipn and 10 suppon fulure Feslivals. Mov¢rn¢nt in futhd$ Incomithg rÈsource5 MoYemÈrtt in funds Exijenditurt inturred Balance at l April 2023 l•rtee it l April 2024 BAIHnte at 31 March202S Ioih Annlversary Appeal Tertls Foundation 27,250 27.250 150.000 177.250 127.2501 1s0,ooo 150.000 150.000 150.0110 27,250 14 Relnttd pArty trAnsfvctlon5 Tliere iyere no disclosabl¢ r¢l&lcd party Irangucilons during ilie y¢Ar12024. none). 14