Company Number 08559364 Registered charity number 1156996 The Wimbledon Foundation Annual Report and Financial Statements For the year ended 31 July 2025
The Wimbledon Foundation Annual report and financial statements 2025 Contents Page Officers and professional advlsers Tru8tees' report Trustees, responsibilities statement Independent audltorfs report 10 Slatement of flnanclal actlvltles 14 Balance sheet 15 Cash flow statement 16 Notes to the flnanclal statemènts 17
The Wimbledon Foundation Annual report and financial statements 2025 Officers and professional advisers Directors and Trustees The Hon. H B Weatherill FCA (Chairman) Sir Keith Ajegbo N A Bitel Ilndependent Trustee) K J Havelock l L Hewitt MBE resigned 5 March 2025 D A Jevans CBE A V Keolhavong MBE R V Shaw {Independenl Trustee) appointed 21 May 2025 Sir Nicholas Young (Independent Trustee) Registered Office The All England Lawn Tennis Club Church Road Wimbledon London SW19 SAE Bankers Barclays Bank plc 1 Churchill Place Canary Wharf London E14 5HP 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 Acl 2006, present theii report containing the Trustees, report and the audited financial statements for the year ended 31 July 2025. The Trustees have prepared this report in accordance with the small companies regime and laken advantage of the small companies exemption from preparing a strategic report. 1. Incorporation The Wimbledon Foundation {"the Foundation") was formed on 6 June 2013 as a company limited by guarantee. It registered 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 contained in the company's Memorandum of Association. These are.. the advancement of education, including physical educalion and personal development of young persons through sport., the promotion of community participation in healthy recreation by providing or supportSng the provision of facilities for playing iennis or other sports and by organising sporting activity, and the relief for Ihose 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 disadvanlage 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 lo learn valuable skills for life. Responding in times of need - making a dIffenCe to those facing adversily. The Foundation has continued to develop its grant programme and make donations in line with these goals. More details of the grants we made are shown in note 8. The Trustees meet regularly throughout the year to determine the areas of focus and strategy for the Charity. They receive reports from the management team of The All England Lawn Tennis Club {Championships) Limited for information on initialives which the charity may wish to support. The Foundation leam have visited a range of local and national projectsand charities to provide the Trustees with sufficient and appropriate information to guide their strategy. 3. Public benefit The Trustees have laken into account the Charity Commission's general guidance on public benefit in reviewing the aims and objectives of the Foundation. The Trustees ensure the activilies undertaken, and future plans, are in line with the Foundation's aims and objectives The community activities and educational aspects of the Foundatson's wort< are, by their nature, 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. Business review Donations continued lo be received from The All England Lawn Tennis Club (Championships) Limited and The All England Lawn Tennis & 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 Ihe Foundation having become an Official Partner lo The Championships in 2023. Donations were also received from Keith Prowse Hospitality and Members of The All England Lawn Tennis & Croquet Club Limited and members of the public through JustGiving. As a result, the donations received in the year weie higher than the prior year and secured the ability to make donations and grants over at least the next 12 months from the date of signing the financial statements. The Foundation continued to grow during the year, with £4,762.000 (2024.. £4.539,000) expended on charitable activities during the financial year. Strengthening our local community During the year, grants and donations of £1,081.000 (2024.. £1,116,0()J) were awarded to charities and community organisations in Merton and Wandsworth. largely Ihrough The Wimbledon Foundation Communily Fund which is managed by the London Community Foundation. Promoting healthy and active lives The Foundation has continued Its partnership with WaterAid, as part ofthe goal to promote healthy lives gianling £550,000 {2024.' £550,000) enabling WaterAid lo transform healthcare facilities in Ethiopia, Nepal, Madagascar, Malawi and Mali with water, sanitation and hygiene ("WASH"). The funding is also supporting WaterAid to develop guidance and resources on WASH and infection prevention and control. The Health and Wellbeing fund granted £200,000 (2024. £225,000) to local charities as part of Ihree- year grants lowards projects aimed at addressing mental and physical health issues across Merton and Wandsworth. The Get Set, Get Active Fund granted £91,000 (2024.. £91,000) lo local organisations and clubs for projects aimed at encouraging people to be more physically active. Inspiring the next generation The Foundation continued to expand its 'Set for Success, programme, contributing £1,338,000 (2024.. £1,018,000) to its national programme run in partnership with the Youth Sport Trust, using sport to improve young people's wellbeing and future opportunities. The programme works wilh young people in schools, across a 0-year personal development curriculum including sessions delivered by inspirational athlete mentors, taking part in sport and physical activity, as well as volunteering in the community. During the year, 1,274 pupils across 81 schools took part in the programme, with 39 5choo15 delivering year one and 42 schools delivering yeartwoofthe programrne Overfour 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 aclivities working wilh 54 primary schools in Merton and Wandsworlh for six-week periods and engaging around 4,700 children. In addition, 346 children attended free weekly training sessions learning at the AELTC'S Raynes Park Community Tennis Cenlre.
The Wimbledon Foundation Trustees, report {continued) 4. Business revlew (continued Responding in times of need The Foundation donated £150,000 to the British Red Cross (2024.. £200,000} to provide support for those impacted by crises around the world, including in Ukraine an(1 Middle Easl. The Foundation continued to support Crisis with their work with the homelessness with a grant of £270,000 in the year (2024- £270,000) and continued their Homeless Fund of £160,000 {2024- £160,000). S. Financlal revlew In the year there was net expenditure of £92,000 (2024. nel expenditure £172,000> In 2025. 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 were higher Ihan Ihe previous years as a result of an increase in annual donations. The All England Lawn Tennis Club (Championships) Limited made an annual donation of £1,350,000 {2024'. £1,225,000). The All England Lawn Tennis & Croquet Club Limited donated £1,350,000 (2024.. £1,225,000) towards the Foundation's activities and £300,000 (2024. £275,000) which the Foundation has used for the WJTI. This, along with continued donation from Barclays of £1,000,000 (2024.. £1,000,000), has resulted in total income of £4,559,000 being recorded in the year {2024. £4,267,000). Throughout the year the Foundation has continued its grants and donations programmes, with a focus on the local communily as well as existing partnerships with total expenditure on charitable activities of £4,762,000 (2024.. £4,539,000). Al 31 July 2025 the Foundation held an unreslricted fund of £1,495,000 (2024.£1,587,0001. 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. Since 29 July 2022, the Foundation's inveslments have been held in Baillie Gifford's Sustainable Growth Fund which ensures investments consider Environmental. Social and Governance I'ESG,) factors, whilst delivering capital growth. The fund invests in sustainable growth companies and mitigates ESG risks by applying 'sin seclor" exclusions and focuses on companies which are a net beneffil to society. The investment value al 31 July 2025 was £959,000 (2024.. £885,000)- The change is a result of the fair value movement within the underlying porlfolio which Increased by £74,000 (2024.. increase of £62,000).
The Wimbledon Foundation Trustees, report (continued) 7. Reserves policy The Foundation recognises the need lo hold sufficienl funds to allow ongoing funding of wmmitled projects ané grants should the Foundation's income fall. This need is balanced againsi the Sirong commitment lo ongoing support and donations from both The All England Lawn Tennis & Croquet Club Limited and The All England Lawn Tennis Club (Championships) Limited. The Foundation aims to maintain its expenditure on charitable activities over time to ensure that new activities are suslainable and can be evaluated against the Foundation's objeclives. In years where large one-off donations are reiVed 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 be sufficient to deal with a major risk such as a sudden and significant loss of funding. 11 would also cover any governance or winding down costs ass¢xiated with the reduction of activities. As at 31 July 2025 the sustainable level of funds required was £1.257,000 {2024.. £1,227.000}. At 31 July 2025 the Foundation had unreslricled funds of £1,495.000 (2024.. £1,587,000). The fund designated to leadership in Wandsworth was fully spent in the year with a year end balance of£nil12024: £13,000). The level of free reserves that were unrestricted and in excess of the funds required for short term commitments were £238,000 (2024. £360,000) There were no restricted funds at 31 July 202512024.. £nill. 8. Going concern The Trustees believe that the Foundation has adequate resources, including unrestricted funds held at the year end, to continue ils operations and meet ils commitments for at least the next 12 months from date of signing the financial statements. Trustees do not commit to new expenditure orgrant programmes unless they are confident that there is sufficient certainty of income or reserves in place to cover that expenditure (see note 1). 9. Related parties 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 three independent Trustees on its board. and manages any Independen 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.. Insuffi'cient donalions to match on-going expenditure Grants or donations made do not match 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 giants and donations are made, the Trustees monitor and evaluate the benefits delivered, to ensure that these grants and donations continue io malch the charilable objectives and strategy of the Foundation. The Trustees hold regular board meetings 2nd actively manage the risk register to monitor and manage risks arising. All risks are managed through budgetary and grant making controls and review of management accounts at each board meeting. 11. Grant making policy The Trustees andlor delegated panels hold regular meetings io approve significant grants or 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 funds available. the Foundation's objectives and the grant programme requirements as appropriate. The Trustees have set delegated authority limits and all expenditure is reported lo the board through management accounts'NJ information during their regular meetings, One-off granls and donations are made to reflect specific project outpuls and needs gaps. Strategic mulli-year grants are made to groups to run longer-term projecls, develop programmes, or to enable organisational development or a combinalion of these elements. Imiere a grant is paid in multiple instalments or over multiple years. the expenditure is recognised at the point at which the beneficiary meets the repoiting 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-charity and confirm that they have addressed the risks of any connections. They regularly monilor the connections lo non-charities namely its conneclions wilh The All England Lawn Tennis Club (Championships) Limited, lo ensure that the Foundalion's resources are not applied to advance any non-charitable interest. 13. Key performance indicators The Foundation considers a range of quantitative performance measures to gauge the impact of its activities and donations including the number of people who benefit directly from the various grants and donation programmes. It also considers the number of children who are engaged in programmes via sport including tennis, either through nalional iniliaiives such as Sel for Success or local initiatives such as the Wimbledon Junior Tennis Iniliative. The Trustees receive regular monitoring reports and are saiisfied that grant fund5 are being used in line with the initial gfant request and any conditions stipulated. In addition quality performance measures are used to evaluale the success of grant programmes and the use of the funds by the recipients. The Trustees have agreed budgets which permit expenditure in eXs5 of revenue but are in line with its reserves policy, as resee$ have been built up over lime to be expended on charitable activities. It is expected that all income received is speni on &ts'viiies 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 re1ve donations 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 anticipates that donations relating to Championships activities, including funds reiVed from the resale of show court tickets will continue in 2026. The donations will be used to fund the Foundation's aclivities including providing grants and donations to projects in line with the Foundation's fourgoals. In addition to continuin9 to fund grants focused around the local community of Merton and Wandsworth, Ihe Foundalion will expand its national'set for sucSS, programme. As the Foundation's activities develop, it is possible that addits'onal 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 interviews with existing board members. 15. Directors and Tru8tee8 The Trustees who served throughout Ihe 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 Havelock l L Hewitt MBE resigned 5 March 2025 D A Jevans CBE A V Keolhavong MBE R V Shaw (Independenl Trustee) appointed 21 May 2025 Sir Nicholas Young (Independent Trustee) All Trustees are directors for the purposes of the Cornpanies Act 2006. The Foundation has made qualifying third party indemnity provisions for the benefit of its directors which were made during the year and remain in force at the date of this report. Trustees are appointed by The All England Lawn Tennis & Croquet Club Limited following discussion and recommendalion by the existin9 Trustees. Trustees receive 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 to their role. The board believes il is important to have a mix of Trustees with legal, charity, business and sporting backgrounds, as well as independent trustees. In addition, the Trustees may ask individuals whom they consider have appropriate qualifications and experience to attend board meelings. The Trustees are responsible under the Foundalion's article5 of association for supervision, direction and overall management of the affairs of the Foundation in accordance wilh corporate and charity law. Day-to-day management of the charity is delegated by the Trustees to the Head of Foundation or olher suitable managerial staff member. The Trustees are kept informed of best practice relating to performance of duties by Trustees, including guidance issued by the Charity Commission.
The Wimbledon Foundation Trustees, report (continued) 16. Employee consultation and disabled employees Permanent employees, time is donated by The All England Lawn Tennis Club (Championships) Limited. Applications for efflployment are under the policies held by The All England Lawn Tennis Club {Championships) Lifflited, including ensuring Ihat where applications are made by disabled persons they are always fully considered, bearing in mind the aptiludes of the applicant concerned. In the event of members of staff becoming disabled every effort is made to ensure Ihal their employment wilh the company continues and Ihat appropriate training is arranged. It is the policy of the company thal the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees. The Trustees communicale with 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 informaiion hasconlinued through internal media melhods in which employees have also been encouraged to present their suggestions and views. Regular meetings are held beeen management and employees lo allow a free flow of information and ideas, 17. Auditor Each of the persons who is a director at the date of approval of this report confirm5 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 to esiablish that the auditor is aware of that information. This confirmation is given and should be interpreted in accordan with Ihe 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 reappoinlment as auditor for a further term in accordance with the provisions of the Companies Act 2006. This report was approved by the board of directors on 1 October 2025 and signed on ils behalf by.. R G Atkinson FCMA Secretary 1 Oclober 2025 Church Road mbledon London SW19 SAE
The Wimbledon Foundation Trustees, responsibilities statement The Trustees (who are also directors of The Wimbledon Foundation for the purpose5 of company law) are resporbsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 "The Financial Repo.ng 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 expendilure, of the charitable company for that year. In preparing these financial statements, the Trustees are required to.. select suitable accounling policies and then apply them consistently- obseNe the methods and principles in Ihe Charities Statemeni of Recommended Practice., make judgments and estimates that are reasonable and prudent: state whether applicable UK Accounting Standards have been followed., and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will conlinue in business. The Trustees are responsible for keeping adequate accounting iecords that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure thai the financial statements comply with the Companies Acl 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for Ihe prevention and detection of fraud and other Irregularities. The Trustees are fesponsible for the maintenance and inlegrity of the corporale and financial information included on the Foundation's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Independent auditor's report to the members of The Wimbledon Foundation Report on the audit of the financial statements Opinion In our opinion the financial statements of The Wimbledon Foundation (°Ihe charitable company").. give a true and fair view of the state of the charitable company's affairs as at 31 July 2025 and of its incoming resources and applicalion of reSoUrs, Including its income and expenditure, for the year then ended,. have been properly prepared in accordan with Uniled Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Slandard 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 statements which comprise.. the stalement of financial activities (incorporating an income and expenditure account)., the balance sheel., 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) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditols responsibilities for the audit of the financial slaiemenls section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK, including the Financial Reporling Council's (the 'FFIC's'l Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe thal the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is appTopriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that. individ ually or collectively. may cast significant doubt on Ihe charitable company's ability to continue as a going concern for a period of at 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 Ihe relevant sections of this report. 10
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 statements 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 other information and, except to 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 malerially inconsistent with the financial statements or our knowledge obtained in the course of the audit. or otherwise appears to be materially misstated. If we identify such material inconsislencies or apparent material misstatements. we are required to determine whether this gives rise lo a material misslatement 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. Responsibilities 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 preparalion 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, matlers related lo going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charilable company or to cease operations, or have no realistic alternative but to do so. Auditor's responslbllities for the audlt of the flnanclal 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 misstatement when it exists. Misstatements can arise from fraud 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 statements. A further description of our responsibililies for the audit of the financial statements is located on the FRC'S webslte al. W.frc.0r . uklauditorsres onsibilities. This description forms part of our auditor's report. Extent to which 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 material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecling 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 documentalion of their policies and procedures relating lo fraud and compliance with laws and regulations. We also enquired of management and the Trustees aboul their own identif ication 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 effect on the determination of material amounts and disclosures in the financial statements. These included the UK Charities Act and the UK Companies Acl., and do not have a direct effect on the financial statements but compliance 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 a result of performing the above, we identified the greatest potential for fraud in the following area, and our procedures performed to address it are described below.. Income recognition.. We obtained an understanding of relevant controls. We reviewed the bank statements 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 classificalion of donations as restricted or unreslricted. In common with all audits under ISAS (UK), we are also required to perform specific procedures to respond to the risk of management override. In addressing the risk of fraud through management override of controls, we tested the appropriateness ofjournal entries and other adjustments,. assessed whether the judgements made in making accounting estimates are indicative of a potential bias., and evaluated the business ralionale of any significant transactions that are unusual or outside the normal course of business. In addition to the above. our procedures to respond to the risks identified included the following.. reviewing financial stalement disclosures by testing to supporting documentalion 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 misstalemenl due to fraud, enquiring of management and legal counsel concerning actual and potential litigation and claims, and inslances of non-compliance with laws and regulations., and reading minutes of meetings of those charged with governance. Report on other legal and regulatory requlrements Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audrt. the information given in the Trustees, 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, reFY)rt 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 audit, we have nol identified any material misslatements in the directors, report included within the Trustees, report_ 12
Independent auditor's report to the members of The Wimbledon Foundation (continued) Matters on which w8 are required 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 nol been kept, 01 reiums adequate for our audit have not been received from branches nol visited by us. or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of Trustees, remuneration specified by law are not made., or we have not received all the infonnation and explanations we require for our audit. the Trustees were not entitled to prepare the financial statements in accordance with 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 membeTS. 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 matters we are required to slate lo them in an auditor's report and for no other purpose. To the fullesl extent permitted by law. we do not accept or assume responsibilily to anyone other than the charitable company 2nd 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 Deloille LLP Slalutory Auditor London, United Kingdom 1 October 2025 13
The Wimbledon Foundation Statement of f inancial activities (incorporating an income and expenditure account) Year ended 31 July 2025 2025 £000 2024 £000 Notes Income Donations 4,559 4,267 Tolal Income 4,559 4,267 Expendlturé Charitable activities (4,762) (4,539) Nel expenditure before investment gains (203) (272) Finance income Nel investmer)t gains 37 74 38 62 Net expenditure for the year (92> (172) Reconciliation of funds Funds brought forward 1,587 1,759 Total funds 14 1,495 1,587 All funds are unrestricted. The statement of financial activities includes all gains and losses recognised in the year and accordingly no separate statement of toial recognised gains and losses is presented. All income is derived from continuing activities in the United Kingdom. 14
The Wimbledon Foundation Balance sheet As at 31 July 2025 2025 £000 2024 £000 Note Fixod assets Investments 11 959 885 Current assets Debtors Cash at bank and in hand 12 236 363 229 540 599 769 Creditors: amounts falling due within one year 13 (63) (671 Net current assets 536 702 Net assals 1,495 1,587 Funds of the Foundatlon Restricted fund Unrestricted fund 14 14 1,495 1,587 Total funds 1,495 1,587 The accounts have been prepared in accordancewith the special provisions applicable to companies subject to the small companies regime. These fi'nancial statements of The Wimbledon Foundation, company number 08559364, were approved and authorised for issue by the board of Trustees on l October 2025 and signed on ils behalf by.. The Hon. H B Weatherill FCA Chairman 15
The Wimbledon Foundation Cash flow statement Year ended 31 July 2025 2025 £000 2024 £000 Note Net cash flows from operatlng activities 17 (214) (254) Cash flows from investing activities: Interest and investment income received 37 38 Net cash flovls from Investlng actlvlties 37 38 Net decrease In cash and cash equlvalents 1177) (216) Cash and cash equivalents at beginning of year 540 756 Cash and cash equivalents at the end of the year 363 540 16
The Wimbledon Foundation Notes to the financial statements Year ended 31 July 2025 Accounting policles 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 convention as modified by investrnents recognised at their fair value. in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities ISORP 2019)" applicable to charities prepaTing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), effective 1 January 2019. and the Companies Act 2006. The functional currency is the Pound Sterling. Income Income is recognised once a commitment to donate funds or a contribution to community activilies has been received, the charity has entitlement to the funds, and receipt is probable and can be measured reliably. Expenditure Expenditure is recognised at the point at which sen/ices have been received., the Trustees make a donation,. orcommit to a grant and any associated conditions are mel by the recipient, including annual conditions 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 required for public GOUntabl1lty. Support costs are allocated lo charitable activities on the basis of each activity spend as a proportion of total aclivities, costs. Community activities Community costs are incurred to provide services to the community and enhance public awareness of the Foundation. Fund Accounting Restricted fund Income received that has specific restrictions placed upon its use is credited10 restricted income within the Statement of Financial Activities. Unspent balances are carried forward within the relevant restricted fund. There were no restricted funds at the year end. Unrestncfed designated fund The unrestricted designated fund represents income that is set aside for the Wandsworth Leadership Programme having been reclassified from restricted reserves During the year. the fund was spent in full_ Unrestricted general fund The unrestricted general fund represents income that is expendable at the discretion of the Trustees in furtheran of the objectives of the Gharity- 17
The Wimbledon Foundation Notes to the financial statements (continued) Year ended 31 July 2025 Accounting policles {contlnued) Investments Investmenls are measured at market value and the change in markel value during the year is included within the Statement of financial activities. The portfolio of investments is managed wholly by Baillie Gifford & Co Limited. Financial 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 other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid nel of any Irade discounts due Creditors and provisions are recognised where the charity has a presenl obligalion resulting from a past event thal will probably result in the transfer of funds lo a third party and the amount due to settle the obligation can be measured or eslimaled reliably. Creditors and provisions are recognised at their settlement amount after allowing for any trade discounts due. Golng concern The Trustees believe that the Foundation has adequate resources, including unrestricted funds held at the year end, to continue its operations and to meet ils cornmitments 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 instalments throughout the year. Trustees do nol commit to new expenditure or grant programmes unless they ale confident that there is sufficient certainly of income or reserves in pla lo cover that expendituie. Relaled party and glfts In klnd The All England Lawn Tennis Club (Championships) Limited donates adminislralive and operational support facilities including the Foundation's managemenl team to the Foundation. Such services are treated as donations with no conditions attached. 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 the financial value of these gifts in kind.
The Wimbledon Foundation Notes to the financial statements (continued) Year ended 31 July 2025 Crltlcal accountlng Judgements and key sources of estimation uncertalnty In Ihe application of the Foundation's accounting policies, which are described in note 1, the Trustees are required to make judgements, estimates and assumptions aboul the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are consideied 10 be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only Ihat period or In the period of the revision and fulure periods if the revision affects both current and futu re periods. The Trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed above. Trustees, remuneration The Trustees who are considered to be key management of the charity received no remuneration during the year (2024. £nil)- One Trustee received expenses of £408 (2024.. one Trustee £137). Operating costs The All England Lawn Tennis Club (Championships) Limited provides gift in kind administrative and operational support facilities. This includes the services of the Wimbledon Foundation's management team. No donated serviTr cost and income is recognised for Ihese ad hoc services and facilities provided. Employment costs ofcoaches to provide the charilable activities are recharged and included in note 10, as well a5 Costs for qualilalive data review of grant making which are charged to the Foundation. Donations received Unrestricted Funds £000 Restricted 2025 2024 Funds Tolal Funds Total Funds £000 £000 £000 Donations 4,559 4.559 4,267 Total donations received 4,559 4,559 4,267 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 2025 Charitable activities Actlvitl88 undertaken directly. grants and donations £000 2025 Support costs £000 Total £000 Tennis development programmes (note 7) Grants (note 8) Donations Community activities 256 4.044 167 117 259 4,216 169 118 172 Total charitable activities 4,584 178 4,762 A¢tlvltie8 undertaken directly 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 Total charitable activities 4,398 141 4,539 20
The Wimbledon Foundation Notes to the financial statements (continued) Year ended 31 July 2025 Tennis development programmes 2025 £000 2024 £000 Coaching and administrative staff costs in relation to tennis development programmes Equipment, clothing and other expenses 223 33 204 Tennis development programme costs 256 208 The Foundation incurs the cost of coaching and administrative staff involved in Ihe delivery of its tennis, sport and development programmes. The coaching costs relate lo an average of 15 {2024.. 131 staff who are employed by The All England Lawn Tennis (Championships) Limited for this purpose, with Ihe costs charged lo the Foundation. This is included within note 10. Grants 2025 £000 2024 £000 Strengthening our local communily mbledon Foundation Community Fund Strengthening Our Local Community City HaNest Cost of Living Crisis Fund 750 235 50 650 211 50 100 Promoting healthy and active lives Get Set, Get Aclive Fund Health & Wellbeing Fund WaterAid 91 200 550 91 225 550 Inspiring the next generalion Set for Success, Youth Sport Trust Magic Bus 1,338 1,018 100 Responding in times of need Homelessness Fund I'A Roof for All") British Red Cross Emergency Relief Fund The Championships and Club related grants Crisis grant 160 150 250 270 160 200 250 270 Total grants 4,044 3,875 21
The Wimbledon Foundation Notes to the financial statements (continued) Year ended 31 July 2025 Grants {continued) Total committed grants as at 31 July 2025 were £6.258.000 (2024.. £7,687,000), ofwhich £2,964,000 (2024. £3.159,000) 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 agreemenls, has the ability to provide three months, notice lo the giantees if sufficient funds are not available lo meet all of the current andlor future commitments. Support costs 2025 Tennis development programmes £000 Communlly activltles £000 Grants £000 Donations £000 Total £000 Governance Other support costs 47 125 53 125 172 178 2024 Tennis development programmes £000 Community activities £000 Grant8 £000 Donations £000 Total £000 Governance Other support costs 37 42 99 136 141 The support costs incurred by the Foundation have been allocated based on the expenditure for each area of charitable aclivity. 22
The Wimbledon Foundation Notes to the financial statements (continued) Year ended 31 July 2025 10. Staff costs 2025 No. 2024 No. Average monthly number of employees 15 13 2025 £000 2024 £OOD Their aggregate remuneration comprised: Wages and salaries Social security costs Pension costs 208 22 10 179 18 240 204 All slaff are engaged by The All England Lawn Tennis Club (Championships) Limited. Included within the above are the costs of staff lo run tennis initiatives (note 7) and for qualitative data review of grant making which are charged to the Foundation. In addition, certain administrative and operational employees. cosls are borne by The All England Lawn Tennis Club (Championships) Limited, which includes 7 employees who directly manage the Foundation (see note 1). This includes one (2024.. one) individual whose emoluments, excluding pension contributions but including benefits In kind. were in excess of £60,000. 11. Investments 2025 £000 2024 £000 Cost as at 1 August and 31 July 803 803 Market value brought fOard Net Market value movement 885 74 823 62 Market value carried forward 959 885 The investment 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 2025 12. Debtors 2025 £000 2024 £000 Trade debtors Other debtors 223 13 227 236 229 13. Creditors: amounts falling due within one year 2025 £000 2024 £000 Trade creditors Amounts due to The All England Lawn Tennis Club (Championships) Limited Accruals 16 14 14 33 24 29 63 67 Related party balances are repayable on demand, and do not incur inlerest. 14. Funds of the Foundatlon 2025 £000 2024 £000 Restricted fund Unrestricted fund 1,495 1,587 Total funds 1,495 1,587 Details of the restricted and unrestricted fund are included in note 20. 15. Taxation As a registered charily, the Foundation is exempt from taxation 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 nol therefore reflecl any provision or charge for taxation. 24
The Wimbledon Foundation Notes to the financial statements (continued) Year ended 31 July 2025 16. Auditor's remuneration 2025 £000 2024 £000 Fees payable for the audit of Ihe Foundation's annual financial statements 24 23 17. Cash flow statement Net cash flow from operating activities: 2025 £000 2024 £000 Net expenditure for the year Adjuslmenls for,. Unrealised (gains) on investments Interest receivable (92) (172} (74) (37) 162> 138> Operating cash flow before movement in woTking capital (203> (272} {Increase}Idecrease in debtors {Decrease)lincrease in creditors 17) (4> Net cash flows from operatlng activlties (214) (254} 18. Rèlated party transactions 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) Limiied. The Foundation has a close relationship with both The All England Lawn Tennis & Croquet Club Limited and The All England Lawn Tennis Club (Championships) Limite and intends to work closely with both companies io deliver its charitable objectives over the forthcoming years. During the year The All England Lawn Tennis Club (Championships) Limited donated £1,740,000 (2024. £1.641,000) to the Foundation. During the year The All England Lawn Tennis & Croquet Club donated £1,650,00012024.. £1,500,000) lo the Foundation. During the year the Foundation reiVed a donation of assels which were subsequently sold to The All England Lawn Tennis Ground plc at market value of £16.000. During the year Ihere were transactions for recharge of staff costs as disclosed in note 10 of£240,000 (2024. £204,000) from The All England Lawn Tennis Club (Championships) Limited. At the year end there was a balance due to The All England Lawn Tennis Club (Championships) Limited of £14,000 (2024.. balan due £24,000). 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 2025
19. Analysis of Net Assets between Funds
| 2025 Investments Current Assets Current Liabilities Net assets at 31 July |
2025 Unrestricted Funds 2024 Unrestricted Funds £000 £000 959 885 599 769 (63) (67) 1,495 1,587 |
|---|---|
There were no restricted funds in the current or prior year.
20. Movements in Funds
| Movements in Funds | |||
|---|---|---|---|
| 2025 At 1 August 2024 £000 Unrestricted fund General fund 1,574 Wandsworth leadership 13 Total unrestricted fund 1,587 Total funds 1,587 |
Income Expenditure £000 £000 4,670 (4,749) - (13) 4,670 (4,762) 4,670 (4,762) |
Transfers £000 - - - - |
At 31 July 2025 £000 1,495 - |
| 1,495 | |||
| 1,495 |
Investment gains of £74,000 have been included in the general fund income.
There were no restricted funds in the current or prior year.
26
The Wimbledon Foundation Notes to the financial statements (continued) Year ended 31 July 2025 20. Movements In Funds Icontinued) 2024 At 1 August 2023 £000 At 31 July 2024 £000 Income Expenditure £000 £000 Transfers £000 Unrestrlcted fund General fund Wandsworth leadership 1,716 43 4,367 (4.509) (30) 1,574 Total unrestricted fund 1.759 4,367 (4,539) 1,587 Total funds 1,759 4,367 {4,539) 1,587 Investment gains of £62,000 have been included in the general fund income. Income and expendilure is presented net of finance income and Investment gains or losses. Purpose of Designated Funds Wandsworth Leadership Programme.. The Foundalion jointly funded a programme to develop leadership skills for people workin9 in the voluntary sector in Wandsworth. 27