REGISTERED COMPANY NUMBER: 08727642 (England and Wales)1 REGISTERED CHARITY NUMBER: 1156930 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2024 FOR WIMBLEDON PARK COMMUNITY TRUST
WIMBLEDON PARK COMMUNITY TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2024 Page Report of the Trustees Indepandent Examinerfs Report Statement of Financlal Activttieg Balance Sh991 Notes lo the Financlal Statements 7108 Delalled Stalemont of Financial Activltles
WIMBLEDON PARK COMMUNrrY TRUST REPORT OF THE TRUSTEES FOR THE YEAR TO 31 MARCH 2024 The trusteas. who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the flnan¢ial staternents of the charlty for the year to 31 March 2024. The trustees have adopted the provlslons of the Statement of Recommended Practice ISORPI 'Accounling and ReF)Orting by Charities, Issued in March 2005. INCORPORATION The charitable Gompany was inwporated on 10 October 2013. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 08727642 {England and Wales) Rggl$t8rèd Charlty number 1156930 Regl¥tered offlce 56 Homo Park Road WSmblgdon Park London SW19 7HN Trust••s MrCJDaw¥ Mr S Hus$8in Mr N B Israel Mr P B Modasla MrlRS¢ott Mr I C Simpson Ms L J C Taylor Mr D C Watkins Rellred Teachlng S•rvic88 Manager-appolntgd 24104119 Retir6d Accountant -8ppointed 10110113 Min8ralogisl Phannacisl -appointed 29104120 ppoinled 10110113 Retsred -appointed 10110113 Independenl Prop8ty Agent -appointed 10110113 Latoly Local Couneillor -appoint8d 10110113 Ar¢hrtect appolntsd 10110113 Company S•cr•tary MrlRS¢ott Indopèndènt oxamln•r Phlllp Sadl•r FCCA, AICE Ledgeland 17 Sl Margar81'8 Road St Margaret's Bay Kent CT15 6EQ STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by rts goveming document, the Memorandum and Artlcl8$ of Assoclallon, and is Gon8tituled as a company limited by guarantee as defined by the Companies Act 2006. Rl8k manag•m•nt Th8 Irusl8es have a duty to Identify and revlew th8 risks to which the charity ts exposed and to ensure approprfale ¢ontrols are in place to provide reasonable assurano against fraud and error. OBJECTIVES AND ACTIVITIES ObJectlvo$ and alms The obleclive of the charity Is the provislon of facllllles in Wimbledon Park and the neighbourfng area in the interests of soci81 welfar8, for recreation and lelsur8 lime occupation. Slgnlfl¢ant actlvltlos The charity curr8ntly holds the18ase of the ground floor of 170 Arthur Road which compri86S the Wlmbledon Park H8118nd ¢afé. The hAII 1$ availabl8 for u$¢ by local org8nisgtion8 8nd individuals. Trta café openad on 27th Octobor 2014 as Arthur's Cafa. The hall and café aro managed as a self-SUSt8ining communty facility with Ihe objective of servlng the wide-ranglng neads of the local communty.
WIMBLEDON PARK COMMUNrrY TRUST REPORT OF THE TRUSTEES FOR THE YEAR TO 31 MARCH 2024 OBJECTIVES AND ACTIVITIES Publlc bgnefit In plannlng the actlvltles of the charity the trugtees have referred to the guidance Issued by the Charity Commission with regard to public b8nefft. In particular the truste6$ consider how planned activities will contribute to the aims and objects'ves of trte charity. FINANCIAL REVIEW Rgserves policy The charitablo company's regular income from hall and café rental needs tr) at 18ast coveT th8 noTmal annual expenditure. Th8 trustees consider it prudent to maintain in reserve. from incomg sUlus6$. an amount equlvalent to one yearfs operaling incom6 against any interruption to the continued oporalion. In addition. in order to meet any extraordinary exp6nditur8 relating to the property. togelh&r with any repairs, r8novatlons of a cyGlical nature and any Improvements, a further amount shosjld be kept in reserve. Any funds whlch are con8idered to exceed thls level of reservgs can bo Dxpendod In accordarsce with the aims of the charity. Invo#tmgnt poll¢y Under the Articles of A880ciatlon. the charlty has the power to Invest In any way the tnJst88$ think fit. In conlundion with ils reserve poll¢les. The Irustees hav8 Invested an approprlate proportlon of retain8d funds in longgr term Investments. These are CCLA COIF Charities Investment Fund. accumulation units and Blackrock Charishare Common Investment Fund Accumulatson units. The balance of funds is maintsined in bank current or deposit a¢counts. ConflS¢ts of intorost and ¢onfllcts of loyatty A charity trustee must.. 81 declare the nature and extent of any interast. direct or indirncL which he or she ha8 in a proposed transaction or arrangement wllh the Trust or In any transaction or arrangement entered into by the Trust which has not provlously been declared., and b} absent themselv88 from any dis¢usslons of the Charity tru$tegs In whl¢h it 18 possibl8 that a confllcl of nleresl will arise between their duty lo act solely in th8 Interésts of the Trust and any personal interest (including but not limrt8d to any financial Inte$t). ¢1 Any charlly truste8 absenting hlmself or herself from any discussions in accordanc8 Wlth Ihl8 clause must not vote or b8 coun19d a8 part of the quorum in any de¢ision of the Gharily trusl¢es on the matter. Rlsk Management pollcy The UK Corporate Gov8man¢$ Cod8 States that board Is responslble lor det8rmlnlng tha nature and extent of slgniffcanl risks it Is willlng lo lako in deliv8rfng ils strategic objecUve8." The risk m8nagem8nt policy of tho TNSI Is lo exercise Rs judgem8nl through the board lo maximise Ihg income genorated by the 8¢tivilies whilst at the Same tSm8 controlling the inherent Sk$ by ensudng the health and safety of all those who u88 the h811 f8cilili6s on a daily basls. Thls 1$ managed by a range ol embedded procedures undert8ken by tnJsle88 and progr88$ r8viaw$ al r89ular meellngs of the Tru81. The Trust endeavours to ensure that all leg81 and comp118nce regulations are up lo dalo and regular servlcing of fire protection and security dav5$ is undertaken to proled those involved in those activities. In addition. Insurance Is in place for normal cont4ng8nclos. Whllst tho tnJ8t888 consider they have Id6nlified the major sks to whlch th8 chadtabl8 ¢ompany 1$ oxposed, in particular to the fabrfc of the leasehold prgmls8s, and ar8 salisfléd that systoms are In place to lessen these risks, they continue to con$idor ways In which the idenliflc8tion, assessmgnt, management and monitoring of risks can be improved. Prlnclpal fundlng 8ourco8 It is the intention that the hall and café should be self-funding. with any 8urplu8 fvnd8 generated to be applied in accordance wlth the charflable objects of the company. Tradlng and Improv•ment8 H811 bookings thls year wer8 much improved from the previou$ y8ar. which w8S Still affected by the after effects of COVID. There has been a simllar gradual improvement wllh the café trading. Therefor8 over811 in¢ome w8$ more in line wlth pre Covid trading. In the opinion of th8 trusla8s, the rémaining reserves, including easily 8cc6ssible investments, 8re sufficient for the Trust lo contlnue as a golng concem for the for8se8able future and certalnly for well in excess of th6 naxt tW8lv8 months.
WIMBLEDON PARK COMMUNITY TRUST REPORT OF THE TRUSTEES FOR THE YEAR TO 31 MARCH 2024 Grants During the year a number of granlsldonations were approved. by the trustees, totalling £7,000. They Included th8 following.. The Wimbledon Museum, London Alr Ambulancg and the M8rton Muslc Foundatlon. The Trusteas continue to actively seek possible recipients of grants within th8 Charity's objects The trustees lIeve that the actlvltl•s of th8 Trust signlflcantly benefit the physlcal and mental wo114)elng of the local communlty Governance and successlon Th8 Trustegs are aware of the Charlty Commission's guidance al)out Trustees seNing more than oight consecutive years. Although this r8lates to several Trustees, it is consid9red that thè Charity benefrts hugely from their services and from their corporate memory. Nevertheless. further Trustees are being sought. Dats Protectlon Under the Data Protection Act 1998 and tho GDPR R8gulationg effectlve from 251h May 2018. we are required lo 6xplain how we deal with any personal data that wo collect In the process of operats'ng the Trust. A Privacy Stalemonl explaining this can be found on the website of the Wimbledon Park Resldents, Associalion under th8 delalls ol the Trust. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Wimblèdon Park Community Tru$t for the purpo$es of company law} are responsible for preparlng the Raport of the Trustees and the financial statements in aOrdanCe with applicable law and United Kin9dom Accountlng Standards (United Kir¢gdom Generally Accepted Accounting Practic81. Company law requlrès the trustees to prepare financial statements for each financial year whl¢h giv8 a true and f8Sr view of the stale of affairs of thè charitsble company and of the incoming resources and application of resour¢es, Including the in¢ome and expendilur8, of the ¢haritabl8 company for that period. In preparing those financial stal8m•nts, the tru$l88s are reqUIr lo $818cl 8ultable accountlng policies and then apply them consist8nUy', observ8 tho m8thoés and principl88 in the Ch8rity SORP; m8ke judgements and estimates that are reasonable and prudent., prepare the financS8l slètements on the going concem basis unless It 1$ inopproprlalg to presume that the charitable company wlll continue In busine88. Th8 trustees arè rgsponslbl8 for keeplng prop8r aOUntIng r8cords [ch dlselose wllh re8sonabl8 a¢curdCy at any limo the flnanGlal position of the charitsble ¢ompany and lo &nable them lo ansure that the financial statements comply wlth Ihe Companie8 Act 2006. They are al80 résponsible for $8f9gu8rding the assets of the Charitable company and hènce for laklng réasonable steps for the prevenllon and del8ctson of fraud and olhar itTegularilies. Th8 trust998 are r88pon$ible for the mainton8nc8 and intggrity of th6 corporate and financial infomiallon included on the charSlabl8 company's web81t8. Approvad by order of tha board of trustéa$ on . .18th Decgmbgr 2024....................and signed on Its behalf by.. Mr I C Simpson- st68
INDEPENDENT EXAMINER'S REPORT TO THE TRVSTEES OF YIIMBLEDQN PARK COMMUNITY TRUST I report on '.he a¢counts lor l>e 98. ".0 31 IA8rci 2024 set cul on gogc¥ four tp s=Yen. Respectlve responslblllties of trustee5 and examlner -he charitys Iruslees (wh? are also the direcl)rs fGf the Furpos¥s Lf I11P(l[lI I&wJ dre r¥bpDnsity1g for the prgparalion ol the acc)unls. Tb.e charitys '.rustees :on&ccr that on audit 19 not r8qvired fo. this perioc lknnder see.lijn 144(2 i of the -harit 61.8 Ael ?Q11 Ilke. ?011 A¢".) and th8t an indepencen:. exarninat on is required. HaN'ina 8atisfiel m.ygel1 I81 the Gherilj Is not )leI to audit bnder company law and Is ¥li4ibb fu,. iiid¥ysefl(Jeiil xairin8tion. il 15 my respon5 knlilsl to.. iaii Ili¥ Ui¥ a Luuiil> ui'de- Secli(K3 145 of'he £0 I I Aci., t) follo the Frocedure3 laid cown i? the General Directws given by the Charity Comm,'ssion lun¢Jer knQ¥¥livri 149511È1 ol Ihe 2011 Acll., and l? slate IN,ielher penicular maller¢ have ojme lo my attp.ntior Ba8ts of tho Indtrpondont •x•mlner'g report My èxamination was -arrièd ou.. n aceordaneo wtth the 9nera D..roctns g',ven by the Cha'lty Cor)m.$510ry. An examlnatljn Inclu(Sos a rewew of the accountlrg reeoidg kept bi Ihft r.har.Iv 8 ompanson of thè aCUnIS preseiiled wilh th.3s8 recoi(Js 11 albu iiTrLludgb Lufibl,J¥i¥llvn ol dny unusual Items jr dlsclosures ts) the accoJnts. ard scoking oKplanclions 'rDm you as tIU8lee8 concerning any 3Lch matter3. The proce¢ure5 undertaken dc not proviee 911 tie evidence that would be reqLJ red n an 3Ldil. anc cons&quenlly no o?in on 15 giv?n ag lo wiether thg occounl$ prgseni a 'irue and fai 41ew' ard the rerort Is Imf(tre to those rnal=er 4gt 11 u) rhe ¢lA'.¢.>mp.nls below Indgp•ndgnt •xamlngr's Ètat•m8nt In cJnn8clion with my exam nation, no matter ha$ cone lo my a&nlion.' 11 i Yihicfr gi'les me rea¥?nable -au3e to beleve thai, li ani rraterial respect, t?t requii•)Iii" to Kè8F accguntino rp¢or(J% in Re.nn14nr.fi wiltr %Frti)n 386 and 387 01 the Compan5 Acl 2C,06,' an to ÉQLounts which 8crorrJ vil',h ihe ac¢ouniing rewres. complrf wltn the accouniirg roiuirp.rnfinl% (Jl Sec'.ior3 394 and 095 of ihe C?mpanieJ .4pl 2(.1 and wilh Ire melhc,ds anJ prrnclptes of 1119 Sldl¥ii ¥ i.. vl R9c?rrirrion8ed P-atrli¢e' Accounliig and 48portin9 by Chantie {2;. to which in ny opi101. al'.enlion tphould be draw'n in orcer to 8nablF a pwper untJbr6landing ol the a¢counl8 10 be roache Datg......
WIMBLEDON PARK COMMUNITY TRUST STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING AN INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR TO 31 MARCH 2024 Unrethcted fund 3113124 Unrestricted fijnd 3113123 Notes INCOMING RESOURCES In¢oming rè$ources from generated funds Actlvltles for generatlng fvnds 56.104 54,209 Grants and Donations 250 56,104 54.459 Unrgalised appreclalon of Inv8slm8nts 6,650 422 Total incoming r88ources 62.754 54,881 RESOURCES EXPENDED Charltable a¢tlvltl•s Direct eharitabla activllits Operations Grants 36.343 7,000 37,082 17.450 Totsl resources expended 43.343 54,532 NET INCOMING RESOURCE8 Fund al 31 March 2024 349 186.999 19,411 TOTAL FUNDS CARRIED FORWARD 206,759 187.348 CONTINUING OPERATIONS All incomlng resources and SourceS expended arise fmm continuing aclivllles The notes fomi part of thesa financial ststements
WIMBLEDON PARK COMMUNITh TRUST BALANCE SHEET AT 31 MARCH 2024 Unrestricted fund 3113123 Unrestricted fund 3113122 Notes FLXED ASSETS AV equlpment @ cost £8,510 Depreclatlon @ 20% (straight lino) CARRIED FORWARD Invèjtrnents 75.772 69,122 CURRENT ASSETS Cash at bank 149,710 139,963 CREDITORS and accrual• Amounts falling duè within one year 120,660) {24,9601 CURRENT DEBTORS and Paymen18 In Advanco 1,937 3,233 NET CURRENT ASSETS 130.987 118,226 TOTAL ASSETS LESS CURRENT LIABILrriE8 206,759 187,348 NET ASSETS 206,759 187.348 FUNDS Unrestricted funds 206,759 187,348 TOTAL FUNDS 206,759 187,348 The members have not requlred the charftable company to obtaln an audit of its financlal Statements for Ihe year ended 31 March 2024 in accordan¢e with Section 476 of Ihe Companle$ Act 2006. The truslges acknowl8dg$ their re8pon$lbllities for (a) ensuring that the charitable company keeps accounllng records that wmply with Sectlons 386 and 387 of the Companies Act 2006 and Ib} preparing financial stalom8nts which give 8 true and fair view of the state of affairs of the charitabla Company as al the end of 8ach flnanclal year and of rts surplus or defic51 for each financial year in accordance with the r6qulrements of Séetlons 394 and 39S and which otherwise compty wth th8 requirements of the Comp?nies Act 2006 relating to financial 8tstements, so far a8 applicable to the charitable company. These financial statements have been prepared in accordance with the special provislons of Part 15 of the Companies Act 2006 relating lo small charitable companles. r I C Simpson - rustee The notes fom) part of these financlal ststements
WIMBLEDON PARK COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2024 ACCOUNTING POLICIES A¢countlng convantlon The financial statements have been prepared under the historical cost convenlion, the Companies Act 2006 and the requirements ofthe Ststement of Recommended Practice, AcGounting and Reporting by Charities. Incoming r8sources l incoming r8sources are included on the Statement of Financial Aclivities when the charity is legally entiued to the income and the amount can be quantified wilh reasonable accuracy. Resources expènded Expenditure is 8ccounted for on an accruals basis and has been cia8sified under headings that aggregate all costs related lo Ihe category. Where costs cannot bo directly attributed to particulgr headlngs they havo been allocated lo aGtlvlties on 8 basis consisl6nl with the use of r¢sourcas. Taxatlon The charity is axempt from corporation tax on Its charltablo 8Ctivrtleo. Fund accountlng Unreslricled funds can be used in a¢¢ordanc8 wth the charilable objecllves at the dlscrelion of th8 tnJsl888. Re$tdcted funds can only be u3ed for particular reslrlcled purp08e$ within the objects of the charity. R8strfGtions arise when spedffed by th8 donor or when funds are raised for particular restrfcted purpos8s. Further explanation of thg natura and purp086 of each fund i¥ induded in the notes to the flnancial stalemant¥. ACTIVITIES FOR GENERATING FUNDS 3113124 3113123 Hall rental Incomo Café rental Income Café other incom6 Dep0811 interest 41,021 8.700 4,970 1413 40.133 8,700 4,921 455 56,104 54,209 Grants and Donations 250 56,104 54,459 Unrealld appldopreclatlon of Inv8stmgnts 6.650 422 62,754 54,881 Cost Black Rock Investment Fund 25,000 COIF Investment Fund 25.000 At 3110312024 33,299 42,473 50,000 7S,772 RESOURCES EXPENDEO Administration of the Gharity has been, and continugs lo be, on a purely volunlary ba818. 5. TRUSTEES. REMUNERATION AND BENEFITS No trustees r8c6ivgd remunar8tlon for thelr SONI9 as truste8 or other b6noflts durin9 the p8rfod of tha$e accounts. Trustees, expenses One trustee was reimbursed £10 tr8velling expenses in connection with their role as trustee in the period ended 31 March 2024.
WIMBLEDON PARK COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2024 CREDITORS". AMOUNTS FALUNG DUE WITHIN ONE YEAR 3113124 3113123 Deposits held: Café £4,250 Hall £8498 General Gredilors 12,748 7,912 11.892 13.068 20,660 24.960 MOVEMENT IN FUNDS Net movement In funds At 3113124 At 3113123 Unrestrl¢tod funds General fund 19,411 206.759 187,348 TOTAL FUND8 19,411 206.759 187,348 Net movement in fvnds. included in the above are as foll¢)ws'. In¢omlng resour¢es Resourc8S expendgd Movement In fund$ Unro8trloted funds General fund 62.754 43,343 19,411 TOTAL FUNDS 62,754 43,343 19,411