REGISTERED COMPANY NUMBER: 08727642 (England and Wales)q REGISTERED CHARITY NUMBER: 1156930 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2025 FOR WIMBLEDON PARK COMMUNITY TRUST
WIMBLEDON PARK COMMUNITY TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2025 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Detailed Statement of Financial Activities 9-10
WIMBLEDON PARK COMMUNifi TRUST REPORT OF THE TRUSTEES FOR THE YEAR TO 31 MARCH 2025 The trustees, who are also diractors of the charity for the purposes of the Companies Act 2006. present their report with the financial statements of the charity for the year to 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities. issued in March 2005. INCORPORATION The charitable company was incorporated on l O October 2013. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 08727642 (England and Wales) Reglstored Charlty nurnber 1156930 Reglstered offlce 56 Home Park Road mbledon Park London SW19 7HN Tru8tee8 Ms DAH Albarran MrCTDaws Mr S Hussein Mr N B Israel Mr P B Modasia Mr I C Simpson Ms L J C Taylor Mr D C Watkins Relired Rètir8d Retired Mineralogist Pharmacist Independent Property Agent Retir8d Architect -appointed 16104125 -appointed 24104119 -appointed 10110113 -appointed 29104120 -appolnt8d 10110113 -appointed 10110113 -appointed 10110113 -appointed 10110113 Company Secretary None Ind8pendent examlner Philip Sadler FCCA, AICE Ledgeland 17 St Margaret's Road St Margaret's Bay Kent CT15 6EQ STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is Controlled by its goveming document, the Memorandum and Articles of Ass¢xlatlon, and is constiluted as a company limited by guarantee as defined by the Companies Act 2006. R18k management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate conlrols are in place to provide reasonable assurance against fraud and error. OBJECTIVES AND ACTIVITIES The objective of the charity is the provision of facilities in Wimbledon Park and the neighbouring area in the Interests of social welfare, for recreation and leisure time occupation. The charity currently holds the lease of the ground floor of 170 Arthur Road which comprises the Wimbledon Park Hall and café. The hall is available for use by local organisations and individuals. The café opened on 27th October 2014 as Arthuff s Café. The hall and café are managed as a self-sustaining community facility with the objective of serving the wide-ranging needs of the local community.
WIMBLEDON PARK COMMUNITY TRUST REPORT OF THE TRUSTEES FOR THE YEAR TO 31 MARCH 2025 OBJECTIVES AND ACTIVITIES Public benefit In planning the activilles of the charity the trustees have referr6d to the guidance issued by th8 Charity Commission with regard to public benefit. In particular the tnjstees o)nsider how planned activities will contribute to the aims and objectives of the charity. FINANCIAL REVIEW Reserves policy The charitable company's regular InMe from hall and café rental needs to at least cover the normal annual expenditure. The Iruslees consider it prudent to maintain in reserve. from income surpluse5, an amount equivalent lo one yearfs operating income against any interruption to the continued operation. In addition, in order to meet any extraordinary expenditure relating to the property, together wrth any repairs, renovations of a cydical nature and any improvements, a fvrth8r amount should be kept in reseNe. Any funds which are considered to exceed this level of reserves can be expended in aC)rdanCe with the aims of the charity. Investment policy Under the Articles of Ass¢xl8tion, the charity has the power to invest in any way the trustees think fit, in conjunctlon with its reserve policies. The trustees have invested an appropriate proportion of retained funds in longer term inv8slments. These are CCLA COIF Charities Investment Fund, accumulation units and Blackrock Charishare Common Investmenl Fund knumulation units. The balance of funds is maintained in bank current or deposit accounts. Confllcts of Interest and ¢onfllcts of loyalty A charity trustee musl.. a) declare th8 nature and extent of any interest, direct or indi¢1, which h8 or she has in a proposed transaction or arrangement with the Trust or in any transadion or arrangement entered into by the Trust which has not previously beèn d8clared' and b} absent thèmselves from any discussions of the charity trustees in whith it is po$sible th8t a conflicl of interest will arise btheen their duty to act solely in the inte$1$ of the Trust and any personal interest (including but not limited to any financial interest). c) Any charity trustee abs8nting himself or herself from any discussions in a¢¢ordance with thls clause musl not vote or be ¢ounled as part of the quorum in any de¢lsion of the tharity trustees on the matt8r. Risk Management pollcy The UK Corporat8 Governance Cod8 States that "th8 board is sponSible for determining the nature and extent of significant nsks il 18 willing to take in delivering its strategic objectives.. The risk management policy of the Trusl 1$ lo exercise its judgem8nt through the board to maximise the Income generated by the activities whilsl at the same time controlling the inherent risks by ensuring the health and safety of all those who use the hall facilits'es on a daily basis. This is managed by 8 rang8 of embedded proc8dures undertaken by trustees and progress reviews at regular meetings of the Trust. The Trust endeavours to ensure that all legal and compliance regulations ar8 UP to dale and regular servi¢ing of fire prolection and security devices is undertaken to protect those involved in those activities. In addition, insuran¢8 is in place for nomial contingenGies. Whilst the trustees consider they have identified the major risks to which Ihe Gharitab16 company is exposed, in particular to the fabric of the18as8hold premises. and are satisfied that systems are in place to lessen these risks, they continue to consider ways In which the identfficatlon, assessm8nl, management and monitoring of risks can be improved. Prlnclpal funding source8 It is Ihe intention that the hall and café should be s81f-funding. with any surplus funds generated to be appli6d In accordan with the charitable objects of the company. Tradlng and Improvements Hall bookings and overall income were much in line with last year. However we were disappointed to lose the support of Tae Kwondo, who had been with us for rnany years. The Café thanged hands in November and the new leaseholder has intrOdUd a number of improvemenls. In the opinion of the Irustees, the remaining resetves. including easily accessible investments, are sufficient for the Trust to continue as a going concem for the foreseeable fulure and certainly for well in excess of the next twelve months.
WIMBLEDON PARK COMMUNITY TRUST REPORT OF THE TRUSTEES FOR THE YEAR TO 31 MARCH 2025 Grants During the year a number of grantsldonations were approved, by the trustees, totalling £8,750. They included the following.. St. Raphael's Hospice, the Walk and Talk Movement, The Wimbledon Museum, the Firefighters Charity and the Merton Music Foundation. The Trustees continue to aGtively seek possible recipients of grants within the Charity's objects. The trustees believe that the actlvlties of the Trust significantly benefit the physical and mental well-being of the local community Governance and succession The Trustees are aware of the Charity Commission's guidance about Trustees serving more than eight consecutive years. Although this relates to several Trustees, it is considered that the Charity benefits hugely from their services and from their corporate memory. Nevertheless, further Trustees are being sought. Data Protection Under the Data Protection Act 1998 and the GDPR Regulations effective from 251h May 2018, we are required to explain how we deal with any personal data that we collect in the process of operating the Trust. A Privacy Statement explaining this can be found on the website of the Wimbledon Park Residents, Association under the details of the Trust. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Wimbledon Park Community Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the Incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistentty; observe the methods and principles in the Charity SORP., make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and Integrity of the corporate and financial information included on the charitable company's website. Approvecl by order of the board of trustees on -and signed on its behalf by.. Mr I C Simpson - Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WIMBLEDON PARK COMMUNITY TRUST I report on the accounts for the year to 31 March 2025 set out on pages five to eight Respectlve responsibilities of trustees and examiner The charity's trustees Iwho are also the directors for the purposes of company lawl are responsible for the preparation of the accounts The charity's trustees consider that an audit is not required for this period (under Section 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is required. Having satisfied myself that the charity Is not subject to audit under company law and is eligible for Independent examination il is my responsibility to.. examine the accounts under Section 145 of the 2011 Act, to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145151(bl of the 2011 A¢t}, and to state whether particular matters have Gome lo my attention. Basis of the Independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Conimission An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Iruslees concerning any such maller5 The procedures unéertaken do not provide all the evidence that would be required in an audit. and consequently no opinion Is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the staternenls below Independent examlner's statement In connection with my examination, no matter has come to my attention 11 I which gives me reasonable cause to believe that. In any material respect, the requirements to keep accounting records In accordance with Section 386 and 387 of the Companies Act 2006, and to prepare accounts which accord with the accounting records. comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of Ihe Statement of Recommended Practice Accounting and Reporting by Charities have not been mel., or 121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached Date
WIMBLEDON PARK COMMUNITY TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR TO 31 MARCH 2025 Unrestricted fund 3113125 Unrestricted fund 3113124 (Restated) Notes INCOMING RESOURCES Incoming resources from generated fund8 Activities for generating funds 59,063 56,104 Unrealised appreciation of investments 3 1,682 6,650 Total incoming resources 60,745 62,754 RESOURCES EXPENDED Operations Grants 35,324 8,750 36,343 7,000 Total resources expended 44,074 43,343 NET INCOMING RESOURCES 16,671 19,411 TOTAL FUNDS CARRIED FORWARD 228,937 212,266 CONTINUING OPERATIONS All incoming resources and resources expended arise from continuing activities Tne notes form part of these finanGial 3tatements
WIMBLEDON PARK COMMUNITY TRUST BALANCE SHEET AT 31 MARCH 2025 Unrestricted funds 3113125 Unrestricted fvnds 3113124 (Restated) Notes FIXED ASSETS Investments 77,452 75,770 CURRENT ASSETS Cash at bank 159,978 149,710 DEBTORS and Payments in Advance 3,816 1,937 CREDITORS and accrual$ Amounts falling due within one year (12,308) (15,151) NET CURRENT ASSETS 151,486 136,496 TOTAL ASSETS LESS CURRENT LIABILITIES 228,937 212,266 NET ASSETS Inote 7) 228,937 212,266 The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance wrth the requirements of Sections 3g4 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These flnanclal statements have bcen prcpared in aG¢ordanGO With the special provigion# of Part IS of tha Companies Act 2006 relating to small charitable companies. The financial statements were approved by the Board of Trustees on on its behalf by.. and were signed rlcsimps Trust The notes form part of these financial statements
WIMBLEDON PARK COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2025 ACCOUNTING POLICIES Accountlng convention The financial statements have been prepared under the historiGal cost convention, the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. Incoming resources All incoming resources ara included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expènded Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Vvhere costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxatlon The charity is exempt from corporation tax on its charitable acts'vities. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ACTIVITIES FOR GENERATING FUNDS 3113125 3113124 Hall rental income Café rental income Café other income Deposit interest 38,898 11,634 5,964 2,567 41,021 8,700 4,970 1,413 59,063 56,104 3. Unreallsed appldopreclation of Investments 1,682 6,650 60,745 62,754 Cost Black Rock Investment Fund 25,000 COIF Investment Fund 25,000 At 3110312025 35,823 41,629 50,000 77,452 RESOURCES EXPENDED During the year £4,986 was received as the result of a successful insurance claim". these funds were spent on painting and plastering the Hall and are not incluoled in the financial statements. Administration of the charity has been, and continues to be, on a purely voluntsry basis.
WIMBLEDON PARK COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2025 TRUSTEES, REMUNERATION AND BENEFITS No trustees received remuneration for their services as trustee or other benefits during th8 period of these accounts. Trustees, expenses The trustees did not incur expenses in connection with their role a5 trustee in the period ended 31 March 2025. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113125 3113124 Deposits held.. Café £4,250 Hall £8,058 General Creditors 12,308 12,748 2,403 12,308 15,151 Creditors have been adjusted to take account of the fact that it was agreed with the managing agent of the building that the sum billed for Servi charges (£5,600) was erroneous. MOVEMENT IN FUNDS Net movement in funds I&E At 3113125 At 3113124 Unre8trl¢ted fund8 General fund 16,671 228,937 212,266 TOTAL FUNDS 228,937 212,266 Net movement in funds, included in the above are as follows.. Incoming resources Resources Movement in expended funds Unrestrlcted funds General fund 60,745 44,074 16,671