Company Number 08559364
Registered charity number 1156996
The Wimbledon Foundation
Annual Report and Financial Statements
For the year ended 31 July 2024

The Wimbledon Foundation
Annual report and financial statements 2024
Contents
Page
Officers and professional advisers
Trustees. report
Trustees. responsibllltles statemant
Independent audltor's report
10
Stalement of flnancial actlvltle8
14
Balance sheet
45
Cash flow statement
16
Notes to the flnancial statements
17

The Wimbledon Foundation
Annual report and financial statements 2024
Officers and professional advisers
Directors and Trusteas
The Hon. H B Weatherill FCA (Chairman)
Sir Keith Ajegbo
N A Bitel (Independent Trustee)
K J Havelock
l L Hewitt MBE
O A Jevans CBE (appointed 6 March 2024)
Ms A V Keothavong MBE
Sir Nicholas Young (Independent Trustee)
Registered Office
The All England Lawn Tennis Club
Church Road
Wimbleéon
London
SW19 SAE
Bankers
Barclays Bank plc
1 Churchill Place
Canary Wharf
London
E14 5HP
HSBC Bank plc
Pall Mall
London
SW1Y 5EZ
Auditor
Deloitte LLP
Statutory Auditor
1 New Street Square
London
EC4A 3HQ

The Wimbledon Foundation
Trustees, report
The Trustees, who are also directors for the purposes of the Companies Act 2006, present their report
containing the Trustees, report and the audited financial statements for the year ended 31 July 2024.
The Trustees have prepared this reF)Ort in accordance with the small companies regime and taken
advantage of the small companies exemption from preparing a strategic report.
1. Incorporatlon
The Wimbledon Foundation ("the Foundation") was formed on 6 June 2013 as a company limited by
guarantee. It regislered as a charity in England and Wales on 9 May 2014 with registered number
1156996, governed by Articles of Association.
The Trustees are responsible for setting the Foundation's strategy and objectives and for overseeing its
performance.
2. Purposes and Aims
The Wimbledon Foundation's purposes and aims are contsined in the company's Memorandum of
Association. These are:
the advancement of education, including physical education and personal development of
young persons through sport.,
the promotion of community participation in healthy recreation by providing or supporting the
provision of facilities for playing tennis or other sports and by organising sporting activity., and
the relief for those in need by reason of youth, age, ill health, disability, financial hardship or
other disadvantage.
The Foundation's mission is to champion opportunity for all, using the collective strength of The All
England Club and The Championships to make a positive difference to people's lives.
The Foundation's purposes and aims are articulated in the following four goals,,
Strengthenlng our local communlty - tackling social disadvantage in Merton and Wandsworth.
Promoting healthy and active lives - advancing good mental and physical health for all.
Inspiring the next generation creating opportunities for young people to learn valuable skills
for life.
Respondlng In tlmes of need - making a difference to those facing adversity.
The Foundation has continued to develop ils grant programme and make donations in line with Ihese
goals. More details of the grants we made are shown in note 8.
The Trustees meet regularly throughoul the year to delermine the areas of focus and strategy for Ihe
charity. They receive reports from the management team of The All England Lawn Tennis & Croquet
Club Limited and The All England Lawn Tennis Club (Championships} Limited for information on
initiatives which the charity may wish to support. The Foundation team have visited a range of local and
national projects and charities to provide the Trustees with sufficient and appropriate information to guide
their strategy
3. Publlc beneflt
The Trustees have taken into account the Charity Commission's general guidance on public benefit in
reviewing the aims and objectives of the Foundation. The Trustees ensure the activities undertaken,
and future plans, are in line with the Foundation's aims and objectives.
The community activities and educational aspec15 of the Foundation's work are, by their nalure, in the
public benefit. These activities seek to promote better understanding of long term health and
wellbeing, as well as promoting healthier lifestyles.

The Wimbledon Foundation
Trustees, report (continued)
4. Buslness review
The Foundation celebrated its ten year anniversary as a charily, hosting an event for local charities and
organisations that have benefitted from the Foundation and for staff of The All England Lawn Tennis
Club (Championships) Limited to continue to raise awareness of the work that The Foundation does.
Donations continued to be received from The All England Lawn Tennis Club (Championships) Limited
and The All England Lawn Tennis 8 Croquet Club Limited in the year, including donations from Ticket
Resale and reusable cup activities during The Championships. A substantial donation was received from
Barclays Bank plc who have committed to supporting the Foundation having become an Official Partner
to The Championships in 2023. Donations were also received from Keith Prowse Hospitality 8nd
Members of The All England Lawn Tennis & Croquet Club Limited.
As a result, the donations received in the year were consistent with the prior year and secured the ability
to make donations and grants over at least the next 12 months frorn the date of signing the financial
statements.
The Foundation continued to grow during the year, with £4,539,000 (2023". £3,903,000) expended on
charitable activities during Ihe financial year.
Strengthening our local community
During the year, grants and donations of £1,116,000 (2023.. £1,581,000) were awarded to charities and
community organisations in Merton and Wandsworth, mainly through the Wimbledon Foundation
Community Fund which is managed by the London Community Foundation. The Wmbledon Foundation
Community Fund received an additional round of funding during the year.
Promoting healthy and actlV8 lives
The Foundation has continued its partnership with WaterAid, as part of the goal io promote he8lthy lives
granting £550,000 (2023.. £375,000) enabling WaterAid to transform healthcare facilities in Elhlopia,
Nepal, Madagascar, Malawi, Mali and Myanmar with water, sanitation and hygiene ('WASH"). The
funding is also supporting WalerAid to develop guidance and resources on WASH and infeclion
prevention and control.
The Health and Wellbeing fund granted £225,00012023. £208,000) to local ch8ritles as part of Ihree-
year grants towards projects aimed al addressing mental and physical health issues across Merton and
Wandsworth. The Get Set, Get Active Fund granted £91,00012023'. £76,000) to local organisations and
clubs for projects aimed at encouraging people to be more physically active.
Inspiring the next generation
As a result of the increased donations received, including the Barclays donation, the Foundation
expanded its 'Set for Success, programme, conlributing £1,018,000 {2023. £166,000) to its national
programme run in partnership with the Youth Sport Trust, using sport lo improve young people's
wellbeing and future opportunities. The programme works with young people in schools, across a ￿0-
year personal development curriculum including sessions delivered by inspirational alhlete mentors,
taking part in sport and physical activity, as well as volunteering in the community. During the year. 11
schools delivered year of the programme to 154 pupils, whilsl41 new schools were engaged bringing
the total number of schools delivering year one of the programme to 47 and the number of pupils to 705.
Over four years the programme aims to engage up to 3,960 pupils across 150 schools.
The Wimbledon Junior Tennis Initiative ("WJTI°) had a full year of activities working with primary schools
in Merton and Wandsworth for six-week periods. Around 350 children attend free weekly training
sessions learning at the AELTC'S Raynes Park Community Tennis Centre, wilh more than 65 new
players starting weekly sessions during the year.

The Wimbledon Foundation
Trustees, report (continued)
4. Business rovl8w (continuad)
Inspiring the next generation (continued)
The Foundation's partnership with Magic Bus, a leading 'sport for development, charity in India,
concluded during the year with a final grant of £100.000 (2023.. £100,000). Magic Bus use a tennis-linked
curriculum to help change behaviours in areas such as health and gender equality amongst children and
parents from underprivileged backgrounds in Delhi. The funding also supported a Livelihood Centre
which helps 18 to 25-year olds to move into sustained employment, further education or career-based
training.
Responding in times of need
The Foundation donated £200,000 to the British Red Cross (2023.. £100,000) to provide support forthose
impacted by crises around the world, including in Ukraine.
The Foundation continued to support Crisis with their work with the homelessness with a grant of
£270,000 in the year (2023. £270,000) and continued their Homeless Fund of £160,000 (2023..
£117,000).
5. Financlal review
In the year there was net expendilure of £172,000 (2023: net income £282,000). In 2024, the Foundation
set a deficit budget to ensure its free reserves were being utilised to support the expansion and
development of its grant programmes.
Donations received exceeded those in previous years as a result of an increase in annual donations,
The All England Lawn Tennis Club (Championships) Limited made an annual donalion of £1,225,000
{2023. £1,125,000), together with £416,000 (2023, £494,000) from Championships activities. The All
England Lawn Tennis & Croquet Club Limited donated £1,225,000 (2023.. £1,125,000) towards the
Foundation's activities and £275,000 {2023= £275,000) which the Foundation has used for the WJTI.
This, along with Continued donation from Barclays £1,000,00012023'. £1.000,000), has resulted in total
income of £4,2S7,000 being recorded in the year12023.' £4,167,000).
Throughout the year the Foundation has continued its grants and donations programmes, with a focus
on the local community as well as existing p8rtnerships with total expenditure on charitable activities of
£4,539,000 (2023. £3,903,000).
At 31 July 2024 the Foundation held an unrestricted fund of £1,587.000 (2023=£1,759,000}
6. Investment policy and performance
Reserves intended for long-term objectives are invested in unitised funds and held for the purpose of
capital growth over the longer term.
sin￿ 29 July 2022, the Foundation's investments have been held in a Baillie Gifford's Sustainable
Growth Fund which ensures investments consider Environmental, Social and Governance {'ESG'I
factors, whilst delivering capital growth. The fund invests in sustainable growth companies and mitigaies
ESG risks by applying "sin sectorf exclusions and focuses on companies which are a nel benefit to
society The investment value at 31 July 2024 was £885,000 (2023. £823,000). The movement is a
result of the fair value movement within the underlying portfolio which increased by £62,000 {2023:
increase of £18,000).

The Wimbledon Foundation
Trustees, report (continued)
7. Reserves policy
The Foundation recognises the need to hold sufficient funds to allow ongoing funding of committed
projects and grants should the Foundation's income fall. This need Is balanced against the strong
commitment lo ongoing support and donations from both The All En9land Lawn Tennis & Croquet Club
Limiied and The All England Lawn Tennis Club (Championships) Limited.
The Foundation aims to maintain its expenditure on charitable activities over time lo ensure that new
activities are sustainable and can be evaluated against the Foundation's objectives. In years where
large one-off donations are received this may result in a surplus being generated, followed by a deficit
operational budget in subsequent years. In the medium term a balanced operational budget will be
operated.
The Foundation operates a risk based reserves policy, which aims to hold a sustainable level of funds
which would to be sufficient to deal with a major risk such as a sudden and significant loss of funding. 11
would also cover any governance or wlnding down costs associated with the reduction of activities. As
at 31 July 2024 the sustainable level of funds required was £1,227,000 {2023.' £1,430,000)
At 31 July 2024 the Foundation had unrestricted funds of £1,587,000 (2023.. £1,759,000) of which
£13,000 was designated to leadership in Wandsworth (2023.. £43,000).
The level of free reserves that were unrestricted and in excess of the funds required for short term
commitments were £360,000 (2023,. £330,000) There were no reslricled funds al 31 July 2024 (2023..
£nil),
8. Going concern
The Trustees believe that the Foundation has adequate resources, including unrestricted funds held at
the year end, lo continue its operations and meet its commitments for at least the next 12 months from
dateof signing the financial slatements. Trustees do not commit to new expenditure or grant programmes
unless they are confident that there is sufficient certainty of income or reserves in place to cover thal
expenditure.
9. Related partles
The Foundation is limited by guarantee and Its sole member is The All England Lawn Tennis & Croquet
Club Limited. The majority of the Trustees are also directors of that company and of that company's
subsidiary, The All England Lawn Tennis Club (Championships) Limited. The Foundation has a close
relationship with both The All England Lawn Tennis & Croquet Club Limited and The All England Lawn
Tennis Club (Championships) Limited and intends to work closely with both companies to deliver its
charitable objectives over the forthcoming years. The Foundation remains independent, has
independenl Trustees on its board, and manages any independence considerations that may arise.

The Wimbledon Foundation
Trustees, report (continued)
10. Internal controls and risk management
The Trustees have determined that the key risks and uncertainties facing the charity are-
Insufficient donations to match on-going expenditure
Grants or donations made do not malch the charitable objectives and strategy of the Foundation
The Trustees acknowledge that a substantial part of the Foundation's income comes from donations
made by its sole member, The All England Lawn Tennis & Croquet Club Limited and by its subsidiary
The All England Lawn Tennis Club (Championships) Limited. The Trustees work closely with these
companies to secure these annual donations and a formal Memorandum of Understanding is in place.
Donations are received in instalments throughout the year.
As grants and donations are made, the Trustees monitor and evaluate the benefits delivered, to ensure
thal these grants and donations continue to match the charitable objectives and strategy of the
Foundation.
The Trustees hold regular board meetings and an actively managed risk register to monitor and manage
risks arising. All risks are managed through budgetary controls and review of management accounts al
each board meeting.
11. Grant maklng pollcy
The Twstees andlor delegated panels hold regular meetings to approve significanl gr8niS cr donations.
The Wimbledon Community Fund allows groups based in Wandsworth and Merton to apply for grants.
The criteria for successful applicants are described on the website. Specific budgets are set up for grant
programmes. Each application is reviewed against the fund5 available, the Foundation's objectives and
the grant programme requirements as appropriate. The Trustees have set delegated authority limits and
all expenditure is reported to the board through management accounting information during their regular
meetlngs.
One-off grants and donatlons are made to reflecl specific project outputs and needs gaps. Slralegic
multi-year grants are made to groups to run longer-term projects, develop programrnes, or to enable
organisational development or a combination of these element8. Where a grant is paid in multiple
instalmenls or over multiple years, the expenditure is recognised al the poinl at which the beneficiary
meets the reporting requirements, which include scheduled progress reports and updates on expenditure
lo receive the next instalment.
12. Connections to a non-charity
The Trustees have applied the Charity Commission guidance regarding connections to a non-charily and
confirm that they have addressed the risks of any connections. They regularly monitor the connections
to non-charities namely its connections with The All England Lawn Tennis Club (Championships) Limited,
to ensure that the Foundation's resources are not applied to advance any non-charitable interest.
13. Key performance indicator8
The Foundation considers a range of quantitative performance measures to gauge the impact of ils
activities and donations including Ihe number of people who benefit directly from the various grants and
donalion programmes. It also considers the number of children who are engaged in programmes via
sport including tennis, either Ihrough national initiatives such as Set for Success or local initiatives such
as the Wimbledon Junior Tennis Initiative. The Trustees receive regular monitoring reports and are
satisfied that grant funds are being used in line with the initial grant request and any conditions stipu lated.
In addition quality performance measures are used to evaluate the success of grant programmes and
the use of the funds by the recipients.
The Trustees have agreed budgets which permit expenditure in excess of revenue but are in line with its
reserves policy, as reserves have been built up over time to be expended on charitable activities. It is
expected that all income received is spent on activities and associated support costs that meet the
Foundation's objectives.

The Wimbledon Foundation
Trustees, report (continued)
14. Future plans
During the next financial year the Foundation expects to continue to receive donalions from both The All
England Lawn Tennis & Croquet Club Limited and The All England Lawn Tennis Club (Championships)
Limited, along with donations from Official Partners to The Championships including Barclays Bank plc.
11 anticipales that donations relating to Championships activities, including funds received from the resale
of show court lickels will continue in 2025.
The donations will be used to fund the Foundation's activities including providing grants and donations
to projects in line with the Foundation's four goals. In addition to continuing to fund grants focused arcund
the local community of Merton and Wandsworth, the Foundation will expand it's national 'Set for Success,
piogiamme.
As the Foundation's activities develop, it is possible that additional Trustees may be appointed.
Appointment of additional Trustees is through a careful selection process, which considers the skills and
experience of the board as a whole and may involve inlerviews with existing board members.
15. Dlreotors and Trustees
The Trustees who served throughout the year and to the date of this report, are..
The Hon. H B Weatherill FCA
Sir Keith Ajegbo
N A Bitel (Independent Trustee)
K J Havelo¢k
l L Hewill MBE
D A Jevans CBE (appointed 6 March 2024)
Ms A V Keolhavong MBE
Sir Nicholas Young (Independent Trustee)
All Trustees are directors for the purposes of the Companies Act 2006. The Foundation has made
qualifying third paty indemnity provisions for the benefit of its directors which were made during the year
and remaln in force ai the date of this report. Trustees are appointed by The All England Lawn Tennis
& Croquet Club Limited following discussion and recommendation by the existing Truslees. Trustees
recelve no remuneration for their services.
New Trustees receive an induction from key members of the Foundation team, including information on
the goals and mission of the Foundation and details of grant making and beneficiaries as well as training
specific lo their role. The board believes it is important to have a mix of Trustees with legal, charity,
business and sporting backgrounds, as well as independent trustees. In addilion, the Trustees may ask
individuals whom they consider have appropriate qualifi'cations and experience lo attend board meetings.
The Trustees are responsible under the Foundation's articles of association for supervision, direction
and overall management of the affairs of the Foundation in accordance with corporate and charity law.
Day-lo-day management of the charity is delegated by the Trustees to the Head of Foundation or other
suitable managerial staff member. The Trustees are kept informed of best practice relating to
perforrnance of dulles by Trustees, including guidance issued by the Charity Commission.
16. Employee consultatlon and dlsabled employees
Permanent employees, time is donated by The All England Lawn Tennis Club (Championships) Limited_
Applications for employmenl are under the policies held by The All England Lawn Tennis Club
(Championships) Limited. including ensuring that where applicalions are made by disabled persons Ihey
are atways fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of
members of staff becoming disabled every effort is made to ensure that their employment with the
company continues and that appropriate training is arranged. It is the policy of the company that the
training, career development and promotion of disabled persons should, as far as possible, be identical
to that of other employees.

The Wimbledon Foundation
Trustees, report (continued)
16. Employee consultation and disabled employees (continued)
The Trustees communicate wilh the employees recruited for the Foundation as and when required in
their roles. Specifically employees working for the WJTI are provided with information through their
manager on the Foundation's goals, the role of the WJTI and the importance of the scheme in support
of the Foundation's goals.
During the year, the policy of providing employees with information has continued through internal media
methods in which employees have also been encouraged to present their suggestions and views.
Regular meetings are held between management and employees lo allow a free flow of information and
ideas.
17. Audltor
Each of the persons who is a director at the date of approval of this report confirms that..
so far as the director is aware, there is no relevant audit information of which the Foundation's auditor
is unaware., and
the director has taken all the steps that he or she ought to have taken as a director in order to make
himself or herself aware of any relevant audit information and lo establish that the auditor is aware of
that information.
This confirmation is given and should be interpreted in accordance with the provisions of s418 of the
Companies Act 2006.
Deloitte LLP were appointed as auditor on 6 June 2013 and have expressed their willingness to accept
reappointment as auditor for a further term in accordance with the provisions ofthe Companies Act 2006.
This report was approved by the board of directors on 25 September 2024 and signed on its behalf by..
R G Atkinson FCMA
Secretary
25 September 2024
Church Road
Wimbledon
London
SW19 SAE

The Wimbledon Foundation
Trustees, responsibilities statement
The Trustees (who are also directors of The Wimbledon Foundation for the purposes of company law)
are responsible for preparing the Trustees, Annual Report and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally AC￿pted
Accounting Practice) including FRS 102 "The Financial Reporting Standard applicable in the UK and
Republic of Ireland"
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 year.
In preparing these financial statements, the Trustees are required to..
select suitable accouniing policies and then apply them consistenlly.,
obseNe the methods and principles in the Charities Statement of Recommended Practice.,
make judgments and estimates thal are reasonable and prudenl.,
state whether applicable UK Accounting Standards have been followed,, and
prepare the financial statements on the going concern basis unless il is inappropriate lo presume
that the charitable company will continue in business.
The Truslees are responsible for keeping adequale accounting records that disclose with reasonable
accuracy at any time the financial position of the charitable company and enable Ihem to ensure that the
financial statements comply with the Companies Act 2006. They are also responsible for safeguarding
the assets of the charitable company and hence 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 Ihe Foundation's website. Legislation in the Uniled Kingdom governing the
preparation and dissemination of financial statements may differ from legislalion in other jurisdictions.

Independent auditor's report to the members of
The Wimbledon Foundation
Report on the audit of tho flnanclal statements
Opinion
In our opinion the financial statements of The Wimbledon Foundation I'the charitable company.):
give a true and fair view of the state of the charitable company's affairs as at 31 July 2024 and of
its incoming resources and application of resources, including its income and expenditure, for the
year then ended,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounts'ng
Practice, including Financial Reporting Standard 102 "The Financial Reporting Standard applicable
in the UK and Republic of Ireland"" and
have been prepared in accordance with the requirements of the Companies Act 2006.
We have audited the financial stalements which cornprise..
the statement of financial activities (incorporating an income and expenditure account).,
the balance sheet.,
the cash flow statement,. and
the related notes 1 to 20.
The financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, including Financial Reporting Standard 102 "The Financial Reporting
Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting
Practice).
Basis for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) IISAS (UK)) and
applicable law, Our responsibilities under those standards are further described in the auditorfs
responsibilities for the audit of the financial stat6ments section of our report.
We are independent of the charitable company in accordance with the ethical requirements that are
relevant to our audil of the financial statements in the UK, including the Financial Reporting Council's (Ihe
'FRC's') Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide
a basis for our opinion.
Conclusions relating to golng concern
In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis
of accounting in the preparation of Ihe financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties re12ting to events
or conditions that, ind ividually or collectively, may cast significant doubl on the charitable company's ability
to continue as a going concern for a period of al least twelve months from when the financial statements
are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in
the relevanl sections of this report.
Jo

Independent auditor's report to the members of
The Wimbledon Foundation (continued)
other information
The other information comprises the information included in the annual report. other than the financial
stalements and our auditor's report thereon, The Trustees are responsible for the other information
contained within the annual report. Our opinion on the financial statements does not cover the olher
information and, except lo the extent otherwise explicitly stated in our report, we do not express any form
of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information
is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit,
or olhetwise appears to be materially misstated. If we identify such material inconsistencies or apparent
material misslalements, we are required to delermine whether this gives rise to a material rnisstatement in
the financial statements themselves. If, based on the work we have performed, we conclude that there is a
material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Responslbllitles of Trustees
As explained more fully in the Trustees, responsibilities statement, the Trustees {who are also the directors
of the charitable company for the purpose of company law) are responsible for the preparation of the
financial statements and for being satisfied that they give a true and fair view, and for such internal control
as the Trustees determine is necessary to enable the preparation of financial statements that are free from
material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's
ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using
the going Concern basis of accounting unless the Trustees either intend to liquidate the charitable company
or to cease operations, or have no realistic alternative but to do so.
Auditor's responslbllltles for the audit of the flnancial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always delect a material misstatemenl when it exists.
Misstatements can arise from ffaud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of
these financial slalemenls.
A further description of our responsibilities for the audit of the financial statements is located on the FRC'S
website at. www.frc.or
.uklauditorsres
onsibilities. This description forms part of our auditor's report.
Extent to whlch the audit was considered capable of detecting Irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect malerial misslatemenls in respect of
irregularities, including fraud. The extent to which our procedures are capable of delecting irregularities,
including fraud is detailed below.
We considered the nature of the charitable company's industry and its control environment, and reviewed
the charitable company's documentation of their policies and procedures relating lo fraud and compliance
with laws and regulations. We also enquired of management and the Trustees about their own
identification and assessment of the risks of irregularities, including those that are specific to the charitable
company's business sector.

Independent auditor's report to the members of
The Wimbledon Foundation (continued)
We obtained an understanding of the legal and regulatory framework that the charitable company operates
in, and identified the key laws and regulations that..
had a direct effecl on the determination of material amounts and disclosures in the financial
statements. These included the UK Charities Act and the UK Companies Act" and
do not have a direct effect on the financial statements but cornpliance with which may be
fundamental to the charitable company's ability to operate or to avoid a material penalty. These
include the Charity Commission for England and Wales (Charity Commission) regulations.
We discussed among the audit engagement team regarding the opportunities and incentives that may exist
within the organisation for fraud, and how and where fraud might occur in the financial statements.
As 8 result of performing the above, we identified the greatest potential for fraud in the following area, and
our procedures performed to address il are described below..
Income recognition..
We obtained an understanding of relevant controls. We reviewed the bank statemenls during the
period to assess the completeness and accuracy of income recognised. We have also reviewed
the available board minutes to assess the completeness of income recognised. We reviewed
supporting documentation and board minutes to ensure appropriate classification of donations as
restricted or unrestricled.
In common with all audits under ISAS (UK), we are also required to perform specific procedures to respond
lo the risk of managemenl override. In addressing the risk of fraud through management override of
controls, we tested the appropriateness ofjournal entries and other adjustments., assessed whether Ihe
judgements made in making accounting estimaies are indicative of a potential bias,. and evaluated the
business rationale of any significant transactions that are unusual or outside the normal course of
business.
In addition to the 8bove, our procedures to respond to Ihe risks identified included the following,,
reviewing financial statement disclosures by testing to supporting documentation to assess
compliance with provisions of relevant laws and regulations described as having a direct effect on
the financial statements;
performing analytical procedures to identify any unusual or unexpected relationships that may
indicate risks of material misstatement due to fraud.
enquiring of management and legal counsel concerning actual and potentl81 litlgation and claims,
and instances of non-compliance with laws and regulations,, and
reading minutes of meetings of those charged with governance.
Report on other legal and regulatory requirements
Opinions on other matters prescrlbed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Truslees, report, which includes the directors, report prepared for the
purposes of company law for the financial year for which the financial slatements are prepared is
consistent with the financial statements; and
the directors. report included within the Trustees, report has been prepared in accordance with
applicable legal requirements.
In the light of the knowledge and understanding of the charitable company and its environment obtained in
the course of the audil, we have not identified any material misstatements in the directors, report included
within the Trustees, report.
12

Independent auditor's report to the members of
The Wimbledon Foundation (continued)
Malters on which we are requlred to report by exception
Under the Companies Act 2006 we are required to report in respect of the following matters if, in our
opinion..
adequate accounting records have not been kept, or retums adequate for our audit have not been
received from branches not visited by us- or
the financial staiemenls are not in agreement with the accounting records and returns., or
rtain disclosures of Trustees, remuneration specified by law are not made- or
we have not received all the information and explanations we require for our audit,
the Truslees were not entitled to prepare the financial statements in accordance wilh the small
companies regime and take advantage of the small companies exemption in preparing the
Trustees, report and from the requirement to prepare a strategic report.
We have nothing to report in respect of these matters.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3
of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charitable company's members those malters we are required to slate to them in an auditor's report and
for no other purpose. To the fullest exlent permitted by law, we do not accept or assume responsibility to
anyone other than the charitable company and the charitable company's members as a body, for our audit
work, for this report, or for the opinions we have formed.
Claire Faulkner FCA (senior statutory auditor)
For and on behalf of Deloitte LLP
Slatutory Auditor
London, United Kingdom
25 Seplember 2024
13

The Wimbledon Foundation
Statement of financial activities
(incorporating an income and expenditure account)
Year ended 31 July 2024
2024
2024
Unrestricted Restricted
Funds
Funds
£000
£000
2024
2023
2023
Total Unrestricted Restricted
Funds
Funds
Funds
£000
£000
£000
2023
Total
Funds
£000
Note
Income
Donations
4,267
4,267
4,167
4,167
Total incomg
4,267
4,267
4,167
4,167
Expenditure
Charitable activities
{4,539)
{4,539)
(3,903)
(3,9031
Net (expenditure)lincome
before investment gains
(272)
(272)
264
264
Finance income
Net inveslment gains
38
62
38
82
18
18
Net (expendltur&)Ilncome
for the year
(172)
1172)
282
282
Reconciliatlon of funds
Funds brought forward
Reserves reclassification
1,759
1,759
1,450
27
27
(27)
1,477
Total funds
14
1,587
1,587
1,759
1,759
The statement of financial activities includes all gains and losses recognised in the year and accordingly no
separate slatement of total recognised gains and losses is presented.
All income is derived from continuing activities in the U nited Kingdom.
14

The Wimbledon Foundation
Balance sheet
As at 31 July 2024
2024
£000
2023
£000
Note
Fixed assets
Investments
11
885
823
Current assets
Debtors
Cash al bank and in hand
12
229
540
240
756
769
996
Creditors: amounts falling due within one year
13
167)
(60)
Net current assets
702
936
Not assets
1,587
1,759
Funds of the Foundation
Reslricled fund
Unrestricted fund
14
14
1,587
1,759
Total funds
1,587
1,759
The accounts have been prepared in accordance with the special provisions applicable to companies subject
to the small companies regime.
These financial statements of The Wimbledon Foundation, company number 08559364, were approved and
authorised for issue by the board of Trustees on 25 September 2024 and signed on ils behalf by..
The Hon. H B Weatherill FCA
Chairman
15

The Wimbledon Foundation
Cash flow statement
Year ended 31 July 2024
2024
£000
2023
£000
Note
Nel cash flows from operating actlvities
17
(2541
466
Cash f lows from Investing activities:
Interest and investment income received
38
Net cash flows from investlng activities
38
Net {decrea8e)Ilncrease in cash and cash equlvalents
(216)
466
Cash and ca8h equlvalents at beglnnlng of yaar
756
290
Cash and cash equivalents at the end of tha year
540
756
16

The Wimbledon Foundation
Notes to the financial statements
Year ended 31 July 2024
Accounting pollcles
The Wimbledon Foundation, a public benefit entity. is incorporated in England and Wales as a
company limited by guarantee not having share capital. The charity is a registered charity. The
registered office is given on page 1.
The financial statements are prepared under the historical cost convenlion as Modified by investments
recognised at their fair value, in accordance with the Statement of Recommended Practice
°Accounting and Reporting by Charities (SORP 2019)" applicable to charities preparing their accounts
in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102), effective 1 January 2019, and the Companies Act 20D6.
The functional currency is the Pound Sterling.
Income
Income is recognised once a commitment to donate funds or a contribution to community activlties
has been received, the charity has entitlement to the funds, and receipt is probable and can be
measured reliably.
Expendlture
Expenditure is recognised at the point at which services have been received,. the Trustees make a
donation,. orcommit to a grant and any associated conditions are met by the recipient, including annual
conditlons Included in multi-year grant programmes.
Support and Governance costs
Governance costs form part of support costs and are incurred to ensure the charity fulfils its regulatory
obligations and generate the information requ ired for public accountability. Support costs are allocated
to charitable activities on the basis of each activity spend as a proportion of total activities, costs.
Communlty actlvlties
Community costs are incurred to provide services to Ihe comrnunity and enhance public awareness
of the Foundation.
Fund Accounting
Restricled fund
Income received that has specific restrictions placed upon its use is credited to restricted income within
the Statement of Financial Activities. Unspent balances are carried fO￿ard within the relevant
restricted fund. During the prior year, the restrictions on the fund to support the Wandsworth
Leadership Programme were removed and it was reclassified as a designated fund.
Unrestricted designated fund
The unrestricted designated fund represents income that is set aside for the Wandsworth Leadership
Programme having been reclassified from restricied reSe￿e$.
The Foundation's designated "A Roof for All" Homelessness Fund in support of homelessness
charities in the London Boroughs of Merton and Wandsworth and pan-London was fully spent during
the prior year.
Unrestricted general fund
The unrestricted general fund represents income that is expendable at the discretion of Ihe Trustees
in furtherance of the objectives of the charity.
17

The Wimbledon Foundation
Notes to the financial statements (continued)
Year ended 31 July 2024
Accountlng policies (continued)
Investments
Investments are measured at market value and the change in rnarket value during the year is included
wilhin the Statement of financial activities. The portfolio of inveslments is managed wholly by Baillie
Gifford & Co Limited.
Flnanclal Instruments
The Foundation has basic financial instruments. Basic financial instruments are initially recognised at
transaction value and subsequently measured at their settlement value. Cash at bank and in hand
relates entirely to cash held in the bank.
Trade and olher debtors are reco9nised at the seiiiement amount due. Prepayments are valued at the
amount prepaid net of any trade discounts due. Creclitors and provisions are recognised where the
charity has a present obligation resulting from a past evenl thai will probably result in ihe transfer of
funds lo a third party and the amount due to settle the oblSgaiion can be measured or estimated
reliably. Creditors and provisions are recognised at thelr settlement amount after allowing for any trade
discounts due,
Going concern
The Trustees believe that the Foundation has adequate resources, including unrestrlcted funds held
al the year end, to continue its operations and to meet ils commitments over at least the next 12
months from the date of signing the financial statements.
The Trustees work closely with The All England Lawn Tennis & Croquet Club Limited and The All
England Lawn Tennis Club (Championships) Limited to secure annual donations and a formal
Memorandum of Understanding is in place. Donations are received in inslalments throughout the year.
Trustees do not commit to new expenditure or grant programmes unless they are confident that there
is sufficient certainty of income or reserves in place to cover that expenditure.
Related party and gifts in kind
The All England Lawn Tennis Club {Championships) Limited donates administrative and operational
support facilities including the Foundation's managemeni team to the Foundation, Such services are
treated as donations with no conditions allached. No value has been ascribed to the time, support
and facilities provided by The All England Lawn Tennis Club (Championships) Limited as it Is not
possible to reliably quantify Ihe financial value of these gifts in kind.
18

The Wimbledon Foundation
Notes to the financial statements (continued)
Year ended 31 July 2024
Crltlcal accounting judgements and key sources of estimation uncertainty
In the application of Ihe Foundation's accounting policies, which are described in note 1, the Trustees
are required to make judgements, estimates and assumptions about the carrying amounts of assets
and liabilities that are not readity apparent from other sources. The estimates and associated
assumptions are based on historical experience and other factors that are considered to be relevant.
Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting
estimates are recognised in the period in which the estimate is revised if the revision affecls only that
period or in the period of the revision and future periods if the revision affects both current and future
periods.
The Trustees do not consider there are any critical judgements or sources of estimation uncertainly
requiring disclosure beyond the accounting policies listed above.
Trustees, remuneratlon
The Trustees who are considered to be key management ofthe charity received no remuneration
during the year (2023.. £nil) One Trustee received expenses of £13712023.. one Trustee £306).
Operatlng costs
The All England Lawn Tennis Club (Championships) Limited provides gift in kind administrative and
operational support facilities. This includes the seNic8s of the Wmbledon Foundation's management
team. No donated service cost and income is recognised for these ad hoc services and facilities
provided. Employment costs ofcoaches to provide the charitable activities are recharged and included
in note 10.
Donatlons received
Unrestricted
Funds
£000
Restricted
2024
2023
Funds Totsl Funds Total Funds
£000
£000
£000
Donations
4,267
4,267
4,167
Total donations received
4,267
4,267
4,167
There were no restricted donations in the current or prior year.
All staff are engaged by The All England Lawn Tennis Club (Championships) Limited. The costs of
staff to run tennis initiatives are charged to the Foundation as shown in Note 10.
19

The Wimbledon Foundation
Notes to the financial statements {continued)
Year ended 31 July 2024
Charltable activities
Actlvltles
undertaken
directlyy
grants and
donations
£000
2024
Support
costs
£000
Total
£000
Tennis development programmes (note 7)
Grants (note 8)
Donations
Community activities
208
3,875
210
105
215
3,999
217
108
124
Totsl charitable activities
4,398
141
4,539
Activities
undertaken
directly
grants and
donations
£000
2023
Support
costs
£000
Total
£000
Tennis developmenl programmes (note 71
Grants (note 81
Donations
Community activities
317
3,009
331
69
15
143
18
332
3,152
347
72
Total charitable aclivlties
3,726
177
3,903
20

The Wimbledon Foundation
Notes to the financial statements (continued)
Year ended 31 July 2024
Tennls dovelopment programmes
2024
£000
2023
£000
Coaching and administrative staff costs in relation to
tennis development programmes
Equipment, clothing and other expenses
204
300
17
Tennis development programme cosls
208
317
The Foundation incurs the cost of coaching and administrative staff involved in the delivery of ils
tennis, sport and development programmes. The coaching costs relate to an average of 13 {2023'. 191
staff who are employed by The All England Lawn Tennis (Championships) Limited for this purpose,
with the costs charged to the Foundation. This is included within note 10.
Grants
2024
£000
2023
£000
Slrengthening our local Gommunity
Wimbledon Foundation Community Fund
Strengthening Our Local Community
City Harvest
Merton Giving
Cost of living crisis Fund
650
211
50
1,100
95
50
50
52
100
Promofing healthy and active lives
Get Set, Get Active Fund
Health & Wellbeing Fund
WaterAid
91
225
550
76
208
375
Inspiring the next generation
Set for Success, Youth Sport Trust
Magic Bus
1,018
100
166
100
Responding in times ol neod
Homelessness Fund ("A Roof for All")
British Red Cross Emergency Relief Fund
The Championships and Club related grants
Crisis grant
160
200
250
270
117
100
250
270
Total grants
3,875
3,009
21

The Wimbledon Foundation
Notes to the financial statements (continued)
Year ended 31 July 2024
Grants (Continued)
Total committed grants as at 31 July 2024 were £7,687,00012023.. £9,141.000), of which £3,159,000
{2023.' £2, 384,0001 is committed within one year. If the activities are not fulfilled as per the individual
grant agreements, then the full committed balance will not be payable. Additionally the Foundation,
for some grant agreements, has the ability to provide three months, notice to the grantees if sufficient
funds are not available to meet all of the current andlor future commitments.
Support cost8
2024
Tennis
development
programmes
£000
Community
activities
£000
Grants
£000
Donations
£000
Total
£000
Governance
other support costs
37
99
42
99
136
141
2023
Tenn18
development
programmes
£000
Community
activities
£000
Grants
£000
Donatlons
£000
Total
£000
Governance
other support costs
31
139
38
139
170
177
The support costs incurred by the Foundation have been allocated based on the expenditure for each
area of charitable activity.
22

The Wimbledon Foundation
Notes to the financial statements {continued)
Year ended 31 July 2024
10. Staff costs
2024
No.
2023
No.
Average monthly number of employees
13
19
2024
£000
2023
£000
Their aggregate remuneration comprised..
Wages and salaries
Social security costs
Pension costs
179
18
267
23
10
204
300
All staff are engaged by The All England Lawn Tennls Club (Championships) Limited. The costs of
Staff to run tennis initiatives are charged lo the Foundation as shown above.
In addition, certain administrative and operational employees, costs are borne by The All England
Lawn Tennis Club (Championships) Limited (see note l). This includes one (2023.. one) individua1
whose emoluments, excluding pension contributions but including benefits in kind, were in excess of
£60,000.
11. Inv&8tments
2024
£000
2023
£000
Cost as at 1 August and 31 July
803
803
Market value brought foiward
Net Market value movement
823
62
805
18
Market value carried fotward
885
823
The inveslment is held entirely in the quoted Baillie Gifford Managed Sustainable Growth Fund
portfolio.
23

The Wimbledon Foundation
Notes to the financial statements (continued)
Year ended 31 July 2024
12. Debtors
2024
£000
2023
£000
Trade debtors
other debtors
227
240
229
240
Related party balances are repayable on demand, and do not incur interest.
13. Creditors: amounts falling due wlthln one year
2024
£000
2023
£000
Tr8de creditors
Amounts due to The All England Lawn Tennis Club
(Championships) Limiled
Accruals
14
24
29
33
26
67
60
Related party balances are repayable on demand, and do not incur interest.
14. Funds of the Foundation
2024
£000
2023
£000
Restricted fund
Unrestricted fund
1,587
1,759
Total funds
1.587
1,759
Details of the restricted and unrestricted fund are included in note 20.
15. Taxatlon
As a registered charity, the Foundation is exempt from laxalion on its income and gains falling within
Part 11 of the Corporation Tax Act 2010 to the extent that these are applied to its charitable purposes.
The financial statements do not therefore reflect any provision or charge for laxalion.
24

The Wimbledon Foundation
Notes to the financial statements (continued)
Year ended 31 July 2024
16. Audltor's remuneration
2024
£000
2023
£000
Fees payable for the audit of the Foundation's annual
financial statements
23
22
17. Cash flow statement
Net cash flow from operating activities:
2024
£000
2023
£000
Net (expenditure}lincome for the year
Adjustments for=
Unrealised (gains) on investments
Interest receivable
(172)
282
{62)
(38)
(18)
Operating cash flow before movement in working capital
1272)
264
Decrease in debtors
Increase in creditors
11
167
35
Cash ganorated (expended by)Ifrom operating actlvities
1254)
466
18. Related party transaction8
The Foundation's sole member is The All England Lawn Tennis & Croquet Club Limited and a majority
of the Trustees are also directors of that company and of its subsidiary, The All England Lawn Tennis
Club (Championships) Limited. The Foundation has a close relalionship with both The All England
Lawn Tennis & Croquet Club Limited and The All England Lawn Tenni5 Club {Championships) Limited
and intends to work closely with both companies to deliver its charitable objectives over the
forthcoming years.
During the year The All England Lawn Tennis Club (Championships) Limited donated £1,641,000
{2023. £1,619,000) to the Foundation.
During the yearThe All England Lawn Tennis & Croquet Club donated £1,500,00012023. £1,400,000)
to the Foundation.
During the year there were transactions for recharge of staff costs as disclosed in note 10 of£204,000
(2023.. £299,000) from The All England Lawn Tennis Club (Championships) Limited. At the year end
there was a b21ance due to The All England Lawn Tennis Club (Championships) Limited of £24,000
(2023.. balan￿ due £33,000) There were no other related party balances outstanding at the year end.
25

The Wimbledon Foundation
Notes to the financial statements (continued)
Year ended 31 July 2024
19. Analysls of Net Assets between Funds
Unrestricted
Funds
£000
Restricted
Funds
£000
2024
Total Funds
£000
Investments
Current Assets
Current Liabilities
885
769
{67}
885
769
{671
Net assets at 31 July
1,587
1,587
Unrestricted
Funds
£000
Restrlcted
Funds
£000
2023
Total Funds
£000
Investments
Current Assets
Current Liabilities
823
996
(601
823
996
160)
Net assets at 31 July
1,759
1,759
20. Movements In Funds
2024
At l August
2023
£000
At 31 July
2024
£000
Income Expendlture
£000
£000
Transfers
£000
Total restricted fund
Unrestrlcted fund
General fund
Wandsworth leadership
1,716
43
4.367
(4,509)
(30)
1,574
13
Total unrestricted fund
1,759
4,367
(4, 5391
1,587
Total funds
1,759
4,367
{4, 5391
1,587
Investment gains of £62,000 have been included in the general fund income.
26

The Wimbledon Foundation
Notes to the financial statements (continued)
Year ended 31 July 2024
20. Mov8ment8 In Funds (continued
2023
At 1 August
2022
£000
At 31 July
2023
£000
Incomo Expenditure
£000
£000
Transfers
£000
Restricted fund
Wandsworth leadership
27
1271
Total restricted fund
27
{27)
Unrestrlcted fund
General fund
A Rooffor All-
designated fund
Wandsworth leadership
1,319
4,169
{3,772)
1,716
131
(131)
16
27
43
Total unre6tricted fund
1,450
4,185
{3,903)
27
1,759
Total funds
1,477
4,185
(3,903)
1,759
Investment gains of £18,000 have been Included in the general fund income.
Income and expenditure is presented net of finance income and investment gains or losses.
Purpose of Design8ted Funds
Wandsworth Leadership Programme..
The Foundation is jointly funding a programme to develop leadership skills for people working in the
voluntary sector in Wandsworth.
27