Registration numixr. 1184534 Wonersh Village Foundation CIO Annual Rewrt and Financial Statements for the Year Ended 31 st August 2024 Independent Examiner's Report to the Trnstees of Wonersh Village Foundation CIO (Charity Number 1184534) on the a¢¢ounts for the year ended 31st August 2024 set out OD pages 2 to 8 Respective responsibilities of tr￿te¢q aDd t￿rnIner The charity's trustees are responsible for the preparation of the accounts. The charty's trustees consider th&t an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under sertion 145 of the Charities Ac( tt) follow the procedures laid down in the 8en¢ral Directions given by the Charity Commission (under section 145(5Xb) of ihe Charities Ath. and to slate whether parti¢ular matters have come to my attention. BASSS of Independent eumimtr's ststemen¢ My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of th¢ accounting r￿ordS kept by the charity and a comparison of the accounts presented with those re¢ords. It also in¢lud¢s consideration of any unusual il¢ms or disclosures in the accounts. and seekin8 explanations from the truste¢s ￿nCerning any such matters. Th¢ procedures undertaken do not provide all th¢ evidence that would be required in an 8udiL and consequently no opinion is given as io wheth¢r the accounts present a 'true and fair. view and th¢ report is limited to thos¢ maiters s¢1 out in the statement below. Indepelldettt examiner's stgternene In connection with my examinolion. no marters have come to my attention which gives me cause to believe thal in, any malerial respeci- the accouniing records were not kept in accordance with section 130 of ihe Charities Act; or the accounts did not accord wtth the a¢¢ounting records; or th¢ accounts did nol comply with the applicable requirements concernin8 the forni and content of accounts set Oul in the Charities (Accounts and Reports) Regulaiions 2008 and the Charities SORP (FRS102) other than any requirement that the accounts 8iv¢ a 'lrue and fair, view which is not a matter considered as part of an indep¢nd¢nt examination. I have come across no other matters in ¢onne¢tion with the examination to which attention should be drawn irt this re￿rt in order to enable a proper understanding of the a¢￿Un￿ io be reached. Paul Enticknap ATT The Old Store, The StreeL Wonersh, GuildFord. Surrey GU5 OPF. . 2024 Wonersh Village Foundation CIO Trustees. Report for the Year Ended 31st August 2024 The Trustees present their re￿rt and the financial statements for the year ended 3 1st August 2024. Referen¢e And Adminlstrative Detai Regis¢ered Charlty name Charity Registra¢ioD number Prillelpal address Trus¢ees ofihe Charity Dr S Worthington Ms C J Howard Wonersh Villa8e Foundation CIO 184534 Spark¢s Place. Wonersh. Surrey GU5 OPH Mr G J Healy Mr R Taylor Mr G K Gatley The Tn￿teeS are subject to r¢app)intment at the AGM. Rlsk Mana£em¢n¢ The Trustees aCkl￿wIedgC iheir responsibility lo mitiBate the major risks to which the Charity is exposed. These risks are considered regularly at the Trnst¢¢ meetings. held at l¢ast twice a period, and as far as possible appropriate mitigating action is laken. Objectives and Activilies The main objective of the Charity is to make charitabl¢ grnnts for the general benefit of the inhabitsnts of the civil parish of Wonersh, Surrey, and such other inhabitants of ihe adjoinin8 civil parishes as the Trustees shall think fit. These grants are funded primarily from rental profits from the Shop Flat held directly by Ihe Charity and donations from Workersh Village Stores Limited, a company owned by the charity. and the local populatioft. The Trustees are aware of the Public Benefit provisions of ihe Charities ACL and of the guidance on them published by the Charity Commission. They are satisfied that the objects and activilies of the Charity are within the definition of Charitable Purpose5, &s set by the Act. The Trustees are nol aware of any public detriment caused by the Charity's objects or activities. S¢ructure, GovernaDce and Mattagement The Charity has a fomial Constitution d￿Ument and is structured as a Charitable Incorporated Organisation (CIO). Its only voting tnemb¢rs are its trustees. There must be at least three trustees. but no more ihan six. Every appointrnent must b¢ by a resolution passed at a properly convened meeting of the trustees. In selecting individuals for appointmenL the trustees must have regard to the skills, knowledge and experience n¢¢ded for the effective administration of the CIO. Trustees, Report for the Year Ended 31st August 2024 continued Achievements Ydnd Perfonnanee The Charity has continued to support a number of initiatives. including two environmental groups as well as infrnstructvre repatrs to community assets. including the 20 acres of land at Barnett Hill purchased by Wonersh Parich Council for the benefit of the COTnmunity in perFthity. FittaD¢ial Revlew As at 31st August 2024, the level of income fijnds available was £64.282, of which £58,215 is unrestricted, and the balance of £6.067 restricted. This will be used. together with future income, to support the Charity's objectives. Approved by the Board on . I5h..W.￿£￿aW... 2024 and signed on its behalf by.. G Healy Trust¢e Wonersh Village Foundation CIO Statement of Finallci81 Activities for the Year Ended 31$1 August 2024 2024 2023 Note Unrestricted Restricted Capttal funds fvnds funds Total funds Total funds Income from: Donations Rental income 20.000 14,744 4.858 290,000 314,858 174,954 14.744 12,705 Total 34.744 4.858 290.IKIO 329.602 187,659 Expenditiire OD: Rental property Charitable grants Subscriptions 4,330 20.027 40 4.330 9,413 24.952 219,231 40 40 4.925 Tot&1 24.397 4.925 29,322 (228.684) Net movement in fund5 10.347 {67) 290,000 300.280 (41,025) Recon¢illa¢ioll of fund$: Toial funds brought forward 47.868 6.134 250,000 304.002 345,027 TotAI funds Carried forward 58.215 6,067 540.000 604.282 304,002 The notes on pages 6 to 8 form an integrdl part of these financial statements. Wonersh Village Foundation CIO (ReEiStration number: 1184534) Bal2D¢e Sheet as at 31st August 2024 2024 2023 No¢e Fixed assets: InvestJnents 540.0(KI 250.000 Curr¢nt assets: Debtors and prePa￿ents Cash at bank 320 63,962 64,282 311 53,691 54.002 Llablllties: 64.282 54,002 Totsl net assets 604,282 304.002 The (uDds of the Charlty: Capital funds Restricied irtcom¢ funds Unrestricted funds 540,000 6.067 58.215 250.000 6.134 47.868 Totsl funds Carrled forw•rd 604,282 304,002 These finan¢ial statements w¢r¢ approved by th¢ Trustees and authorised for issue on Z5tk 2024 and are sign¢d on their behalf by: Graham Healy The notes on pages 6 to 8 forni an integral part of these financi￿ statements. WoDersb Village Foundation CIO Noles ¢0 the Fingn¢ial Staiements for the Year E￿ded 31st A*gust 2024 I CIO infornia¢ion The Charity was registered as a charitable incory>oraied organisatron on 23 July 2019 and is governed by a conslilution dated on that day and registered with the Charity Commission under charity number 1184534. Th¢ Charity's principal ofTice address is: Sparkes Place Won¢rsh Common Won¢rsh Surrey GUS OPH England 2 Accounting pollcies Summary of 8igknificant 0¢￿￿￿tillg polieiu 4Dd key estimates The principal accounting policies applied in the preparation of these financial slatements are sel out below. These policies have been consistently applied to all the perii)ds pr¢senled. unless otherwise slated. StAiement of compliance The finartcial statemenis have been prepared under the historical cost convention and in accordanc¢ with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the 'Charities SORP (FRS102)'. Basi8 of preparation These financial Sta￿ments have been prePa￿d using the historical conveniion excepl where disclosed in the accounting p)licies certsin items are shown at fair valu¢. Going ¢ODeern Ai the time of approving these fInancial statements the Truste¢s are not aware of any material uncertainties atK)Ut the Charity's ability to continue as a going concern. Income Income is recognised in full in the Statement of Financial Activities (SOFA) in the year in which it is r¢¢etvable. Gifts in kind are r¢¢ogni5ed in th¢ SOFA as income at the fair value of the go(Kls. services or &ssets 8ifted at the dale of the gift. Rental in¢ome is recognised when it becom￿ receivable and there is no evidence to suggest that il will not be received. Expenditure Expenditure (excluding grants} is included in th¢ SOFA on an aecruals basis. Charitable expenditure includes support expenditure associated with the administration and issuing of granis. Wonersh Village Foundation CIO Notes to the Fi￿ncl￿1 Stgtements for the Year EDded 31st August 2024 Grants Grants payable are commitmeTtts (including payments) made to third parties in the furthernnce of the charitable objectives of the charity. Single or multi-year grants are accounted for grants payable when either the recipient has a reasonable expectation that they will receive a grdnt and the Trustees have agreed to pay the grant without condilion. or ihe recipient has a reasonable expectation that they will receive a grant and any condilion attsching to the grant is outside the Charity's control. Investment property Investm¢nt property is carried at fair value wilh any gains or losses being recognised in the SOFA. C48h and eash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-lem highly liquid investments that are readily convertible to a known amount of cash and are subjecl to an insignificant risk of chang¢ in value. Trade debtors Trade debtors are amounts due from lenAnls in respect of rents and other charges re¢¢ivable in the ordinary course of business. They are recognised initially at the transaction price and subsequently rn￿ured at amortised c05t usin8 the effective int¢r¢st method. less provision for impairnient. A provision for the impaiment IS ¢Stablished when ther¢ is objective evidenc¢ that the company will not be able to collect all amounts due according to the ori8inal tems. Trade creditors Trade creditors are obligations to pay for goods or %rvices thai have been acquired in the ordinary course of business from suppliers and are measured at the trans8Ciion prÉ¢e. Accounts payable are classified a5 Current liabilities if the company doe5 noi have an uneondilional righi, ai the end of the reporting period, to defer settlement of the creditor for al least twelv¢ months after th¢ reporting date. If th¢re is such a right, they are presented as non4urreni liabilities. Financial instrnmenl8 Clas&ificaÉion The Charity only enters into basic financial instruments transaelions that result in the recognition of finan¢i&l assets and liabilities like trade and oiher debtors and ¢r¢dilors, loans from banks and other third parties and loans from related parties. 3 Grants Grants to Grants to institutions individuals SuP￿rt costs Total 14,650 5,384 2,542 2,376 24,952 Improvements to arts and cultural fa¢ilili¢s Improvements to environmentsl Infr￿clure Purchase of land for community use Small grdnts for other charitabl¢ instithtions 14.650 5,384 2,542 2,376 24.952 Wonersh ViUAge Foundation CIO Note8 to the Fiknaneigl Ststements for the Y￿r Ended 31st August 2024 4 IDvestmellts The inveslment represents the long leasehold interest in a flat over the village shop which was donated to the Charity in January 2020 at its then fair value of £250.(M)O. During the year this was enhanced by the acquisition. by way of gift from Wonersh Village Stores Limited. of the freehold land and building upon which the leasehold flat is situated. The freehold was independently valued at th¢ dale of the gift at £290,000. In the opinion of the Trnstees the fair value at the balance sheet date is not materially different from th¢ carrying amount. There has been no fornial valuation of the leasehold investment propeTty by an independent valu¢r. S Related party transactions During the year Wonersh Village Stores Limited. a cornpany controlled by th¢ trnstees. Iransferr¢d the freehold propety of ihe p￿miseS known as Wonersh Village Stores to the Foundation at no co￿. The freehold was valued at £290,000 ai the dat¢ of the transfer.