Wimbledon
Guild
WIMBLEDON
GUILD OF
SOCIAL
WELFARE
ANNUAL REPORT AND ACCOUNTS
YEAR ENDED 31 MARCH 2024
Company No. 383330
Registered Charity No. 200424

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
Index
Report of the Board of Trustees (including the Strateglc Roport) .
Statement of theTrustees' Responsibilities...................................................... 19
3-18
Reportof the IndependentAuditors..........................................................
20-22
Statement of Financial Activltles..................................................................... 23
Balance Sheet...............................
24
Cash Flowstatement....................................................................................
25
Notes to the Flnancial Statements.................................................................. 2642
Legal and Administratlve details...................................................................... 43

WIMBLEDON GUILD OF SOCIAL WELFARE
(a Gompany limited by guarantee)
REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
TABLE OF CONTENTS
l. Overvlew
2. Achievements, Perfomiance and Future Plans
Tackling loneliness and social isolation in Merton.
Supporting people in Merton who are experiencing difficulties in life.
Supporting older people in Merton to live full, active, and healthy lives.
Creating a welcoming community which supports our aims.
3. Finan¢lal Review and Results ft)r the Year
11
4. Principal Risks and Uncertainties
12
5. Flnancial Management Policies
14
a) reserves
b) investmenl policies and performance
c) investmenf properties
6. Stru¢ture, Govemance and Management
16

WIMBLEDON GUILD OF SOCIAL WELFARE
{a company limited by guarantee)
REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees of Wimbledon Guild of Social Welfare present their Annual Report for the year ended
31 March 2024 under the Charities Act 2011 and the Companies Act 2006, including the Directors,
Report and the Strategic Report under the 2006 Act, together wilh the audited financial statements
for the year.
Aims and Objectlves
Wimbledon Guild was established in 1907 to provide financial. social and practical support for the
diverse communities in the Wimbledon area. Wimbledon Guild's purposes, as set out in Ihe objects
contained in the Articles of Association are..
"To promote all or any chantable purposes for the benefit of Wimbledon and District and the
communities the￿or,.
In practice, this means that Wimbledon Guild operates primarily throughout the London Borough of
Merton.
Our mission is to create a physical and emotional place..
"Where no one has to face life's challenges alone"
Our services focus on..
Tackling loneliness and social isolation in Merton.
Supporting people in Merton who are experiencing difficulties in life.
Supporting older people in Merton to live full. active and healthy lives.
These three seNice objectives are underpinned by a fourth objective describing our culture and
environment-
Creating a welcoming community which supports our aims.
Stat¢m•nt of Public Benofit
The Tfustees have complied with the duty in section 1715} of the Charities Act 2011 to have due
regard lo public benefit guidance published by the Charity Commission. All aspects of Wimbledon
Guild's WOTk are open to the people of the London Borough of Merton ILBM), and Wimbledon Guild
continues lo provide an extensive range of social welfare services, working in partnership with
numerous voluntary and statutory organisalions.
Strategic Report
1. Overview
The London Borough of Merton has a dislincl demography. Wards in the Wesl (Wimbledon,
Raynes Parkl tend lo have more affluent and older populations. Wards in the East (Milcham,
Mordenl tend lo have a younger, more ethnically diverse population with higher levels of
deprivation. We aim lo meet the needs of all local people following Ihe pattems of demand.
Typically, our services for older people tend to be focussed in the Wesl and services tackling
povety and supporting mental health tend to be focussed in the East.

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
2023-24 marked the second year of our five-year business plan. The focus of the plan was the
redevelopment of our headquarters sile, with an assumption that service growth would be limited.
The intention was to fund the new development via a part dispo.sal of the sile. In pffjctice, the
property market has remained depressed, with little short-lemi prospect of making a sale.
Consequently, the project has not progressed at the anlicipated pace. However. demand for
services has continued lo grow significantly and so in early 2024 we decided to revisit the business
plan in the context of current circumstances.
Despite the delays with our larger redevelopment project, we successfully acquired a lease from
the London Borough of Merton on a double shop unil in Morden, creating a local base for people
who may find it difficult to reach Wimbledon. Morden is neither the most affluent nor the most
deprived town ￿ntre in Merton and is frequently de-prioritised for investment. Local people have
told us how much they appreciate our new facility. The lease is for ten years, wrth a five-year break
and the propety has been refurbished lo a high standard, offering services that are particularly
relevant to local communities.
2. Achievements, Perfomiance and Future Plans
Many activities and services now significantly exceed pre-pandemic levels of demand. as we
witness the long-term mental health and financial consequences of Covid and the cost-of-living
crisis. We also see redU￿d local governmenl and NHS resources generating increased demand
for our setvices.
a) Reduce social isolation and loneliness.
Background
Reducing social isolation and loneliness is a cross-cutting theme which guides much of our work.
Our Community SeNices' total client numbers are comparable to last year. 2022123 3,475. 2023124
3.431. During Ihe year we introduced our new Beacon database which is already enhancing our
data capture and analysis. As an example, we noticed a significant increase in attendance at our
activity sessions in the final quarter, with around 600 parti¢ipanls compared lo around 500 in
previous quarters. We believe that the increase is due to the expanding range of activities on offer
and their locations throughout Merton.
A wam7 and friendly place. I felt very welcomed. Each and every memberof the staff is
courteous and kind. I feel like a diffe￿nt person since my visits,
What we have achieved and how we have achleved it
Betriendin
Service
Our Befriending offer comprises three elements- a seNice for people aged over 65, partially
funded by Public Health, a second service called Connect and Befriend, which is funded by an
NHS Tackling Inequalities Grant and supports 10 clients, and a third, an under-65 Befriending
Project for people who do not meet the criteria for the other seryices bul are isolated and have
comparable needs. Overall, 192 clients were befriended in the year, compared to 172 in 2022123.
Befriending is largely delivered by volunteers. In common with many other charities, we have found
it more difficult lo attract regular volunteers posl -Covid. with 52 volunteers active in the last quarter
of 2023124, Compared with 69 in the same period in 2022123 and 90-100 during most of the Covid
perii)d. 32 % of clients are from BAME communities, steadily increasing e8ch year from 210/0 in
2018119.

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limiled by guarantee)
REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
Communit En
emenl
The CommLJnily Engagement Team delivers our activities programme for older people. The
programme has expanded continuously since the end of Covid. p￿-COV1d we tyPlC811y saw 350
participants each quarter. This lolal has now increased by 700/0 to 600 in the final quarter of
2023124. Almost 60010 of our activities are exercise sessions and the team works constantly to
develop new networks and connections so that we can offer a varied range of activities, appealing
to as wide a demographic of older people as possible. Many participants have been badly affected
by the cost-of-living crisis and activities are at low or no-cost to ensure that they are as affordable
as possible. The proportion of men attending activities has remained conslanl over the last two
years at 210/0 and the proportion of BAME community members has also remained constant al
24°/o for the same period. Our plan is to increase representation from these groups further by
inlroducing additional activities in more accessible locations throughout Merton.
people,
'Wimbledon Guild has given me confidence and energy to attend activit18s and meet
The Café
2023124 has seen café customer numbers increase by 45 /0 compared with 2022123, with a lolal of
8,414 visitors. Average daily attendance is now 40, with an occasional maximum of 52, compared
with 20 last year. Around 60010 of café customers also attend activities, underlining the benefits of
our comprehensive offer. Customers value the high-quality menus, warm welcome and sense of
connectedness offered to everyone. Around 25 volunteers work in the café, including former
chefs who bring a wealth of experience and creativity. Approximately eight of the volunteers have
long term conditions or additional support needs. We regularly celebrate religious and Cultural
festivals and Tun a very popular monthly 'culture through cuisine, programme with talks and menus
drawing on the heritage of our customers and volunteers, focussing recently on Mauritius, China
and Hungary.
'Il has helped me be social, gain Confiden￿ and lrfts my mood hugely,
'Volunteers are all Ma￿ellOus. All so kind and pat18nt'
'1 love it here,
Future Plans
We envisage that our new Morden Base will have a significant impact on wmmunilies that we do
not ordinarily rea¢h. sin￿ it opened in early 2024 visitor numbers are increasing as our marketing
initiatives take effect and word of mouth spreads.
Talklng Therapies
What we have achieved and how we have 8¢hieved it
Over the past year we made significant progress in our aim to expand our Talking Therapies
service and make it more accessible. We now offer shorter term therapies and group sessions
which may feel more user-friendly for people who have not previously used any fom of mental
health support. We have secured funding from City Bridge and the Big Lottery to support the
growth of these services.
The key presenting issues across our Talking Therapies seNices were anxiety, depre88ion,
relationship issues, low self-esteem and trauma, broadly consistent with previous years. We
achieved high levels of clinically reliable change. with all seNices exceeding the 40 % benchmark
and some achieving 100 /0.
'Very supportive care and an excellent Se￿ICe,
'It h8s given me the opportunity to see myself differently. I do fe81 much strongel.

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
Emotional Su
ort Grou
Emotional support groups continued to offer a valuable resource throughout the year, with new
referrals increasing lo 66 in 2023124 from 10 in 2022123, creating an associated increase in
assessments. Total partlClP81ion in groups (number of attendees x number of groups) reached 782
in 2023124 compared to 672 in the previous year. Groups offer art therapy, mindfulness and
support for people displaced by the Ukraine conflicl.
'1 have learned to relax mo￿. lo think positively, not to concentrate on the war back home.
'1 feel prolecled, and I feel calmness,
Assertiveness and Boundaries Worksho
Be￿een June and September 2023, we We￿ Commissioned by the NHS lo lead a pilot
programme of workshops supporting mental health, delivered in locations throughout Merton to
m8ximise participation. Following the success of the pilot, we secured additional NHS funding to
deliver more extended courses for people with long term health conditions, disabilities and BAME
communities.
Individual Counsellin
Our long-term counselling service provides Iow-COSt therapy lo individuals for up to 60 sessions,
although most clients tend to finish after approximately 35 sessions. Around 30 /0 of clients are
allocated a therapist within six weeks of assessment, compared with 18 /0 in 2022123. 48 /4 wait
more than three months. an improvement on last year's figure of 590/0, but demonslraling that
demand still exceeds supply, especially as much of the service is delivered by volunteers who may
have specific skillsels or limited experience. leading to restrictions on the clients that they are able
to accept.
Closure of Gounsellin
Trainin
During the year we closed the counselling training programme. Many trainers moved to online
working during Covid and subsequently we found that there was insufficient appetite for in-person
events to make our training offer viable in a crowded marketplace. One staff member was made
redundanl as a result of this closure.
Future Plans
In June 2023 we piloted a new BAME counselling seNice in partnership with the Merton Ethnic
Minority Centre. Initially funded by Ihe NHS. we have now secured a five-year grant from the Big
Lottery lo continue the project. The servi¢e can see ten clients al any one time for up lo 16
sessions and has quickly reached capacrty with an active waiting list.
In October 2023 we seCU￿d City Bridge Funding to deliver an online counselling Se￿iCe and
online group for people with hoarding behaviours. Despite detailed research and preparation. take
up for the hoarding group was limited. The fvllder agreed that we would replace it with a group for
people with long-lerm health ¢onditions, working closely with the stroke exercise and social groups
delivered by our Community Engagement Team.
b) Help people who are experlencing difficultles.
What we have achleved and how we have a¢hieved it
Our Wellbeing Support Team provides setvices for older people who are experiencing difficulties

WIMBLEDON GUILD OF SOCIAL WELFARE
{a company limited by guarantee)
REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
Short Term Wellbeing Support - Internally funded by Wimbledon Guild, offering up to 12
weeks, support.
Merton Uplift- Funded by South West London St Georges Mental Health Trust, offering
practical help to older people weiving community mental health services from Ihe Trust.
Conlinuous Support- Funded by Merton Council to support older people with longer term
or recurring difficulties.
Comrnunity Hub - a joint helpline project with Age UK, funded by Merton Council
Short tem) Wellbein
321 new referrals were received in the year, a 10.10 increase on 2022123, itself a 60 % increase on
pre-covid years. New referrals were arriving at a rale of approximately five each week and a total
of 426 people accessed the seNice over the year. As part of the support that the team offered lo
clients, 2,517 contacts were made with other organisations and services including South-wesl
London Law Cenlre, Social Services and Merton's Handy Person service. We clearly saw the
impact of the Co8t-of-Living Crisis and focussed on incorne maximisalion via Attendance
Allowance claims, grant applications and referrals to CAB for benefits appeals, amongst other
things. Most of the new clients were referred by Social Pres¢ribers1130/0 increase compared lo last
year) or were self-referrals123°10 increase compared lo last year) as a result of word-of-moulh
inform8tion. The number and proportion of men accessing the seNice is gradually increasing1350/0
ompared with 33°/o last year} and we have also seen a steady increase in representation from
BAME communities, from 24ty/0 to 33 /u over the last two years. During the year we saw a sharp
increase in complex referrals for people with moderate to severe mental ill-health. This represents
a long-term Challenge for us as we explore how best to respond lo this client group given their
levels of clinical need.
Merton U
Merton Uplift offers four weekly one-to-one wellbeing sessions to clients a$$essed by South West
London St. George's Menlal Health Trust {SWLSTG) as experiencing mild-moderate merrtal health
conditions. including depression and anxiety. The project connects clients with local services and
Wimbledon Guild aclivilies, helping with daily living and social isolation. It also delivers workshops
promoting emotional wellbeing. 22 0/¢ of Uplift clients are men and 340/0 are from BAME
communities. We believe that our Morden base will help grow the service, reaching people who
have difficulty visiting Wimbledon.
I found it very helpful and useful forme and I'm so glad and trying my best to get
improving,
Continuous Su
Clients for this longer-lerm service are vulnerable, with significant health conditions. They are
isolated and need MO￿ regular intensive support Ih8n our Short-Term Wellbeing Team can offer.
The seNice is smaller. with less turnover than our short-lerm service. In 2023124 we supported 163
clients, an 11 /0 increase from 146 in the previous year and far exceeding the contract target of
110.
Hub
The Hub was set up as a Covid Helpline and continues to be funded by Merton as a 'front door, to
the local voluntary se¢lor.11 is a point of contact on 8 range of issues, particularly for cost-of-living
support. The volume of calls has grown over the three years since its In￿pIlon with a 13./0

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
In¢￿ase over the last year and 1,728 calls taken compared with 1,162 in the first years. Calls are
sometimes simple information requests141 /ol, but many result in a need for more complex
casework159Q/o
Welfare Grants
Historically Wimbledon Guild has made individual hardship grants from its own resources as part of
ils charitable activities. Pre-covid this amounted lo an average annual expenditure of £70k.
However, since Covid and the subsequent Cost of Living Crisis, this programme has been
supplemented by funding from the London Borough of Merton, primarily via central government's
Household Support Fund. In 2023124 we received and disbursed £193k (includes administration
costs} from this programme in grants to 483 local people. This is a lower number than the previous
year1530 people} as costs have increased dramatically. As an example. the average cost in 2018
of purchasing and installing a standard electric cooker was around £160. The current average is
around £380, with a continuing upwards trajectory.
Future Plans
We envisage that demand for individual gran1$ will remain high over the nexl year. We will continue
to ensure that our seTvice is accessible and as welcoming a$ possible as 44Q/o of applicants identify
as having a disability, with half of Ihal total identifying as living with a mental health condition. We
will continue to take a holistic approach often financial problems are linked to other problems. Our
external funding was confirmed after the beginning of the financial year and we estimate that il will
be around £1 Ook, approximately half the previous year's total. We are assessing the best way lo
continue lo provide financial support whilst balancing our budgets against the totality of local need.
le to be active and health
c) Enable older
eo
Vwhat we have achieved and how we have achleved it
We offer a varied and inclusive programme of social and exercise activities each week. Around
60 /0 of the sessions offer physical exercise at various levels of intensity from seated yoga through
to walking football and tennis. We have seen a 370/0 increase in participant numbers compared
with last year and a 60°/o increase on pre-pandemic levels. 981 participants engaged in activities in
the year.
'The welcoming and non-judgemental atmospheTr immediately put me at ease,
Merton Moves coTrlinues lo play a significant part in supporting older people's access to physical
activity. Merton Public Health funds one staff member who acts as the Merton Moves coach,
encouraging older people to take a six-week pledge to attend exercise classes of their choosing, at
no cost. Exercise plans are tailored to meet individual needs and our coach checks in regularly to
offer support and encouragement. A total of 240 people have completed the programme since its
inception in 2021. A high proportion of participants come from BAME communities1400/0
compared with our other activities1240/0l. There is also higher representation from wards in the
East of the Borough132°1ol compared to our other activitie$1240/0l, with numbers increased since
last year.
.1 have re-found my Confiden￿ thanks to Wimbledon Guild. My daughters are so happy
with my improvements,
I feel calmer, my physical health has impmved, and my blood pressure has stabilised,

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
Future Plans
We have experienced a huge increase in demand for exercise activities over the year, with 60
enquiries about Merton Moves in the last quarter, in contrast to the more usual 20-30. This appears
to have been due to local authority publicity. This demand means that we have not always had
capacity in our classes lo deliver the programme and we now have a waiting list for the first time.
We have also amended criteria for accessing the seNice to focus on participants with health and
mobility issues.
The huge increase in nurnbers h88 st￿l¢hed capacity and we are reviewing how best to continue
with this very popular programme whilst recognising the resourcing limitations.
d) Create and sustain an envimnment that su
rts our mlssion.
Volunteers play a vital role in our service delivery and over the year we have averaged 130-140
volunteers at any one time. During Covid we averaged around 200 volunteers. The decrease in
numbers mirrors a widely reported national trend. Volunteering in our café remains very popular
but more isolated roles away from our base le.g. befriending vulnerable clients in their homes) can
be harder to fill. We are reviewing our volunteer recruilmenl and induction processes. and
developing insights from our new Beacon database that may help us adapt our approach. We are
ensuring that all volunteers have training, support and role descriptions and that their conlrib(Ation
is recognised through regular consultation groups and social events. Pleasingly, we are seeing a
gradual increase in volunteers from the East of the Borough since we opened our Morden base.
Our Trustees (who are themselves volunteers) are very grateful for the huge contribution that
volunteers make to the lrfe of Wimbledon Guild.
Future Plans
In early 2024, the Senior Management Team worked lo develop a new business plan with the
Centre for Charity Effectiveness at Bayes Business School, City University. During 2024125 we will
run further sessions with Trustees and staff to consider our organisalional priorities and long-term
fvnding a￿angementS, including reviewing our aspirations for our site redevelopment.
10

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
3. Financial Review and Results for tho year 2023124
The net operating deficit for the year was £701,3441202Y23.' £596,272 net deficit).
The investment portfolio has improved over the last quarter of the year and produced an overall
gain of £934.82212022123'. £1,107,014 loss}- We incurred losses on the write off of fixed assets
£55.75612022123-£254.000 gain}. The performance of the investment portfolios are reported in
more detail in the Investment Policies and Performance section of the Report.
Accordingly, the nel gain for the year was £177.722 {2022123'. £1.449,286 nel deficit)
Total income for the year of £2,331.91212022123.' £2,260,815) was up 3.1 OA. Grant income of
£696,452 was down by £9,81311.4D/ol. The slight decrease is partly due to lower levels of grants
awarded to Wimbledon Guild by the London Borough of Merton ILBMI due to grant agreements
coming to an end.
Our other sources of income continue to be rent81 income from the residential properties and
investment income from our various portfolios. Rental income generated £597,12712022123 -
£560,767}. while investment income was up 3.50/0, returning £ 721,79712022123 £697,715). The
higher investment income reflected the higher porffolio value in posilive equity market conditions.
Vvimbledon Guild and its investment managers operate a total relurn approach to Investments.
Tradirsg aclivilies generated £ 83,763, down by £ 7,22218Q/ol. This reflects lower renlal income in
Guild House during the previous financial year, which included the closure of the Chiropody
service. There were a higher number of activities al Guild House and Drake House. This resulted
in income from our Community Services rising by 41 /. from £64,699 10 £ 91,093. Income from our
therapy sessions and counselling training events fell by 18.40/0 from £57,293 to £46,746.
Expenditure for the year of £ 3,033,255 (2022123. £2,857,088) was up 6 /.. Expenditure on
charitable activities of £2,654,717 was up 7 0/0 and expenditure on raising funds of £ 378,538 was
stable.
Staff costs of £1,837,637 were up 11 0/0 reflecting the cosl-of-living increase awarded for the year
16 /0} plus the recruitment of new staff18ee note 10}.
In order lo support the charitable activities of Wimbledon Guild, and with the approval of the Board,
£1,600,000 was withdrawn from the portfolio managed by Cazenove made up of £ 1,232,847 from
the investment property sales proceeds account and £ 367,153 of Inveslment income.
The financial position al 31 March 2024 continues to be strong, with lotal net assets of
£32,425,997, including free reserves of £503,898.
Wimbledon Guild has considered the guidance set out by the Charity Commission, follows the
Institute of Fundraising's code of fundraising practice and is registered with the Fundraising
Regulator. We have not received any complaints in respect of our fundraising practices and our
fundraising is managed in a way that is neither detrimenlal to Wimbledon Guild's reputation or the
wellbeing of the people or parties involved.
11

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
Wimbledon Guild generated £ 90,685 of income from fundraising comprising £ 86.027 from
individuals and £4,658 from legacies. The fundraising team also generated £48,002 from Trusts
and statutory fvnding and £ 27,340 from events.
In considering the appropriateness of preparing the financial statements on a going ￿nCern basis
the Trustees have taken account of all available information about the future including considering
information from approved budgets. and from forecasts covering the next 3 years for income,
expenditure, and cash-ffows.
Given Wimbledon Guild's ability to access the Expendable Endowment funds to continue to
support its charitable activities. The Trustees have concluded that il is entirely appropriate to
prepare the financial statements at 31 March 2024 on a going concern basis.
Trading Subsidiary
Wimbledon Guild's trading subsidiary, Wimbledon Guild Promotions Limited, has been dormant
since 1 April 2016.
4. Principal Rlsks and Uncertalnties
The Trustees have developed a risk fr8mework that clearly differentiates between the nature of
risks Ihe charity faces, which are..
Corporate strategic risks, which impact Wimbledon Guild's ability to deliver our strategy.
Operational risk$, which are associated with identifying potentially inadequate internal
practices, policies and systems that might result in a loss to the organisation,. and
Project risks, which are associated with specific, individual projects.
Corporate strategic risks are the main focus of the Trustees, and these have been updated during
the year. As at 31 March 2024 the principal strategic risks currently facing the Charity, and the
plans and strategies lo manage risk. are..
12

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
Risk
Plan$ and strate
10$ to mana
e risk
Failure to redevelop Wimbledon Site
effectively.
gorous financial scenario planning.
appropriately qualified and
experienced external advisors.
robust selection process for advisors
and for contractors.
appropriate skills mix in staff team.
development of appropriate
procurement processes.
share relevant information with
individuals and organisalions to ensure
customer base Is maintained during
construction period.
effective PR and marketing lo
generate local support and
understanding for the projecl.
review all options for maintaining
seryices, including communications
and engagement aclivities and
exploring opportunities for delivering
services in atternalive local venues.
adoption of Safeguarding best practice
in terms of policies, procedures and
training for all staff, volunteers and
trustees.
recruitment of appropriately skilled and
professional staff and volunteers.
continuous training of new and existing
staff and volunteers.
taking appropriate professional advice
and actin
on it.
ensuring resourcing levels are
consistent with ambitions.
ensure appropriate and timely internal
and external training for all staff and
volunteers.
structured approach to workforce
planning.
open, positive working relationships
positive approach to problem solving.
invest in high quality IT hardware and
software to support our services and
evidence the
ualit of our services.
Damage to Wirnbledon Guild's reputation
through the growing complexity of our work
which puts u$ in contact with vulnerable
people who are experiencing difficulties in
their lives.
Loss or lack of skilled and motivated staff and
volunteer group to deliver services because of
reliance on goodwill, expanding workloads,
increasingly complex and demanding
casework.
13

WIMBLEDON GUILD OF SOCIAL WELFARE
{a company limited by guarantee)
REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
For full details of the charity's risk policy and risk management practices see pages 17.
This is the end of the charity's Strategic Report as required by the Companles Act 2006.
Financial Managoment Policles
a) Reserves
Wimbledon Guild had total funds of £32.4m at 31 March 2024. of which £17.1m are
reslricled. Of the unreslricled funds of £15.2m, £0. 92m can only be realised by disposing of
tangible fixed assets, and £13.8m can only be realised by disposing of Investment
Properties. The remaining £0.5m represents free reserves.
Restricted Fund- Expendable Endowment
In 2015116 the Trustees established a special trust ("Expendable Endowment") which is
administered by Wimbledon Guild as trustee. The trust is held as an endowment fund and the
income from the trust ('special trust income'l and, at Wimbledon Guild's discretion. all or part of
the capital is applied for the furtherance of those aspects of Ihe charitable objects of
Wimbledon Guild which are concerned with the provision of welfare seNices and relief and
prevention of poverty, relief and prevention of ill health and provision of charitable support to
the elderly. During 2023124 the trust generated special trust income of £692,707 {2023'.
£668,825). In the year £542,533 {2023.' £650,593) of speci81 trusl income wag used for
Wmbledon Guild's charitable purposes. Al 31 March 2024, the expendable endowmenl was
£16,891,187 {2023.' £16.919,5361.
Free Rese￿e$
The Trustees have adopted a reserves poli¢y which they consider appropriate to ensure the
continued ability of Wimbledon Guild lo meet its objectives. Free reseNes are defined as
that part of Wmbledon Guild's funds that are freely available for ils general purposes.
An appropriate level of free reserves is required to maintain a level of readily re81isable assets..
to sustain Wmbledon Guild's operations within the London Borough of Merton
through periods of economic downturn and uncertainly for long enough to take
remedial action.
to develop new setvi¢es or expand current ones in line wilh the changing needs of
the community, whilst supporting existing Clients and staff during periods of change.
to ensure that delays in the receipt of expected income do not interrupt services or
cause serious financial difficulties.
to survive unexpected setbacks and problems arising from intem81 or external
causes.
The Tnjslees have reviewed the required level of free reserves, Expendable Endowment funds,
Ihe risk profile of Wimbledon Guild and ils plans for the future.
In considering the minimum level of free reserves the Trustees have taken account of the quantum
and accessibility of the Expendable Endowment fund and Wimbledon Guild's discretionary powers
to draw capital down when required to fund certain of the charitable activities of the charity.
The trustees have determined that the minimum level of free reserves required to be held is £0.5m
which currently represents abotjl 2 to 2.5 months of annual expenditure.
14

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees will continue to drawdown capital from the Expendable Endowment when required to
meet the operational needs of the charity. This situation will be reviewed on an ongoing basis.
b) Investment Policies and Perfomiance
Il's been an eventful 12 months- coming into 2023, there were expectations Ihat most major
developed markets would enter a recession due to higher inflation and interest rates. However,
these markets showed greater resilience, especially the US economy. Financial and geopolitical
risks have been overlooked by the markets so far. This can be attributed, in part, to the enthusiasm
surrounding technology, particularly artificial intelligence. The adoption of Al by ￿mpanIeS in
various sectors has generated optimism. The "magnificent 7" us technology companies, such as
Microsoft and Nvidia, have played a significant role in equity market retums and now conslilule
nearly one-third of the US stock markel.
In the bond markets, the focus has been on inlerest rate expectations. Toward8 the end of last
year, there was a notable rally as markets priced in anticipated rate cuts for this year. However,
these expectations have been scaled back since the beginning of the year. Inflation, particularly in
the US. has not fallen as much as central bankers had hoped, mainly due to services and rents not
declining. Despite these factors, the overall performance of the markets in the last ￿e1ve months
has been stronger Ihan anlicipaled.
Over the last 12 months to 31 st March 2024, the investment portfolios have returned +10 /..
12022123 2.4 % - negativel. Pleasingly, over the shorter temi we are now seeing returns above that
inflation plus 4.￿ target which has been trickier over Ihe last two years
Fixed Asset Investments at 31 March 2024 were £17.6m {2022123- £17.6m). Immbledon Guild's
total investment portfolio was managed by Cazenove Capital Management {'Cazenove'l. Part of
the Cazenove portfolio is held as an Expendable Endowment fund (see Rese￿eS section a ill. The
other investments are available to support the free reserves described in Reserves section an ii).
The Board has given Cazenove discretionary powers to manage the portrolio within its objectives.
Cazenove meet the Inveslmenl Committee twice each year to discuss the portfolio and determine
future policy.
The Cazenove portlolio is managed on a total return basi8 Wlth the investment objective to provide
funding for certain of Wimbledon Guild's charitable purposes while preseNing the capital base in
re81 terms. Specifically. the investment objectives are:
to seek a total return of 4Yo plus Consumer Price Index per annum on a five-year rolling
basis,. and
investments lo provide funding for charitable purposes of 4°/0 of the capital value per
annum.
The Cazenove portfolio rose by 10 10 over the course of the year. Overall, the net realised and
unrealised investment gains reported for the year were £ 879,066 {2022123'. £1,107,014
lossl.
15

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
As reported in the Financial Review seclion of the Report, to support the charitable activities of
Wimbledon Guild, and with the approval of the Board, £1,600,000 {2023'. £1,105,000) was
withdrawn from the portfolio managed by Cazenove.
The management of the cash deposits is delegated to Senior Managemenl within approved limits.
c) Investment Propertles
The residential properties have been valued at 31 March 2024 at £13,820,000 {31 March 2023-
£13,820,000). In undertaking the valuation, allowance has been made for the tenancies in place.
The valuations of the Investment Properties al 31 March 2024 were carried out by Carter Jonas, a
propety consultancy firm. In each case the valuations were undertaken by members of the Royal
Institution of Chartered s￿￿ey0r$ IRICSI and were subsequently approved by RICS Registered
Valuers.
Property management continues to be outsourced to Bells Commercial (Bells), a local property
management company, and the maintenance of the buildings is overseen by the Properties
Committee.
Structure, Governance and Management
Wimbledon Guild is a Company Limited by Guaranlee and a Registered Charity.
The governing body of Wimbledon Guild is the Board of Trustees (the 'Board'l, comprising 9
members who meet at le881 four limes a year. Trustees are elecled for three-year terms and a
eligible lo stand for re*leclion for further three-year temis up lo a maxirnum of nine years.
Thereafter, Trustees may be re-elected for additional one-year lems if 75°/0 of the Board of
Trustees present at a meeting of the Board have voted in favour of a 808rd resolution
recommending their re-election.
Each new Trustee is given an induction programme, and all Trustees have the opportunity lo
receive additional training. A register is kept of the interests and the identified skills of the Trustees.
The main responsibilities of the Board are setting the strategy for Wimbledon Guild and monitoring
its implementation, setting and monitoring the budget, and exercising financial oveNiew. Trustees
and senior staff regularly meet to consider areas of individual work in greater detail.
The Board has established formally Consliluled sub-committees, each with terms of reference and
functions delegated by the Board. The Chief Executive Officer andlor Head of Finance and
Resources attend all the subcommittee meeting$, as do the appropriate Senior Managers.
The Truslees delegate the day to day running of Wimbledon Guild to the Senior Management
Team. The Senior Managers, together with the Chairman, Vice Chairman and Ihe Treas{J￿r meet
quarterly to review current issues. Weekly operational meetings are held by the Senior
Management Team.
The Board, where appropriate. uses the Code's principles, rationale and key outcomes to evaluate
the effectiveness of governance within Wimbledon Guild. The Board regularly reviews its
governance procedures, taking legal and consultant advice as appropriate and has also undergone
training in Diversity and Inclusion over the last financial year.
16

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
Rlsk and Intornal Control
The Trustees have over811 responsibility for ensuring that Wimbledon Guild has an adequate
system of controls, financial and otherwise. They are also responsible for safeguarding the assets
of Wimbledon Guild and hence for taking reasonable steps for Ihe prevention and detection of
fraud and other irregularities. The Trustees musl ensure Ihal..
mbledon Guild's assets are safeguarded against unaulhorised use or disposition.
accurate records are maintained, and financial information used within Wimbledon Guild or
for publication is reliable- and
Wimbledon Guild complies with relevant laws and regulations.
A corporate risk register is maintained, updated and reviewed regularly by the Trustees and
management. As part of this process the Trustees acknowledge their responsibility for Wimbledon
Guild's system of internal control and reviewing ils effectiveness. It is also recognised by the
Trustees that such a system is designed lo manage rather than eliminate the risk of failure lo
achieve Wimbledon Guild's objectives and can onty provide reasonable, not absolute, reassurance
against material misstatement or loss.
The Trustees have set policies on risk and internal controls, which cover the following..
the responsibility of management to implement the Trustees, policies and identify and
evaluate risks for their consideration on an ongoing basis.
consideration of the type of risks Wimbledon Guild faces.
the level of risks which they regard as acceptable.
the likelihood of the risks concerned malerialising.
Wimbledon Guild's ability to reduce the incidence and impact on the business of risks that
do materialise.
the costs of operating particular controls relative to the benefit obtained.
arrangements for monitoring and reporting on risk and control matters of importance,
together wilh details of corrective action being undertaken.
The Board has established a formally constituted sub-committee, the Finance and Risk Committee
with temis of reference approved by the Board to ensure Wimbledon Guild is financially sound and
prudent. The Committee meets at least four limes a year and reports to the Board. During the year
the Trustees have received reports from the Chief Executive and Senior Managers relating lo risk
and control. These include an overall report on the status of the risk management process and the
system of internal control at the end of the year. The Charity Commission guidance for both risk
and internal control was used in this process. The reports have satisfied the Trustees that the
above policies are being implemented. Areas of high risk a￿ reviewed by Ihe Trustees to ensure
adequate mitigation of the risk. At the year end, Wimbledon Guild's system of internal control was
deemed adequate and effective and major risks properly addressed.
Senior Management Remun&ratlon
The Senior Management Team comprised the Chief Executive Officer, Head of Finance and
Resources, Head of Community SeNices, Head of Talking Therapies and Head of
Communications & Fundraising. The lolal salaries and benefits of the Senior Managemenl le8m in
the year were ££389,787 (20222123- £397,994}. The fall is partly due lo the reduction in hours of a
member of the team.
17

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limiled by guarantee)
REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
The senior management remuneration approach generally encompasses main factors..
Internal job evaluation which takes account of the distinct elements of the roles, as well as
an internal comparison of roles at senior level., and
External pay benchmarking based on market factors.
I senior staff receive an annual appraisal and feedback from Ihe Chief Executive about how they
have contributed lo Wmbledon Guild's strategy, and any personal development areas they may
have.
18

WIMBLEDON GUILD OF SOCIAL WELFARE
{a Gompany limited by guarantee}
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees ale responsible for preparing the Trustees, report and the financial statements in
accordance with applicable law and regulations.
Company law requires the Trustees lo prepare financial statements for each financial year. Under
company law the Trustees must not approve the financial statements unless they are satisfied that
they give a true and fair view of the state of affairs of the charitable ¢ompany and of the incoming
resources and application of reSoU￿s, including the income and expenditure, of the charitable
company for that period. In preparing these financial statements, the Truslees are required to:
select suitable accounting policies and then apply them ¢on8lStently.
obsetve the methods and principles in Ihe Charities SORP.
make judgments and estimales that are reasonable and prudenl.
stale whether applicable UK accounting slandards have been followed, subject to any material
departures di￿10$ed and explained in Ihe financial slalements: and
prepare the financial statements on the going concern basis unless il is inappropriate to
presume Ihal the charitable company will continue in business.
The Trustees are responsible for keeping adequate accounling records that are sufficient to show
and explain the charitable company's Iransactions, disclose with reasonable accuracy at any time
the financial position of the charitable company and enable them to ensure that the financial
statements comply with the Companies Acl 2006 and the provisions of the charity's constitution.
They are also responsible for safeguarding the assets of Ihe charity and hence for taking
asonable steps for the prevention and detection of fraud and other irregularities.
STATEMENT OF DISCLOSURES TO THE AUDITORS
So far as the Trustees are aware. there is no relevant audit informalion las defined by Section 418
of the Companies Act 20061 of which Wimbledon Guild's auditors are unaware, and each Trustee
has laken all the steps th81 they ought to have taken as a Trustee in order lo make them awa￿ of
any audit informalion and lo establish that Wimbledon Guild's auditors are aware of that
information.
AUDITORS
Crowe U.K. LLP has expressed its willingness to continue as Auditor for the next financial year.
This Annual Report of the Trustees and the Strategic Report, under the Charities Act 2011 and the
Companies Act 2006. were approved by the Board of Trustees on 17 July 2024 and are signed as
aulhorised on its behalf by..
Susan Cooke - Chairman
Sandy Pfeifer-TTrasurer
15 July 2024
19

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
Independent Audltor's Report to the Mombers of Wimbledon Gulld of Social Welfare
Oplnion
We have audited the financial statements of Wimbledon Guild of Social Welfare ('the chanlable
company,) for the year ended 31 March 2024 which comprise the Sialement of Financial Activities,
Balance Sheet, Statement of Cash Flows, and notes to the financial statements, including
signific8nl accounting policies. 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}.
In our opinion Ihe financial statements..
give a true and fair view of the state of the charitable company's affairs as of 31 March 2024
and of ils income and expenditure, for the year then ended.
have been properly prepared in accordance wtth United Kingdom Generally Accepled
Accounting Practice., and
have been prepared in accordance wilh Ihe requirements of the Companies Act 2006.
Basis for opinion
We Conducted our audit in accordance with International Standards on Auditing IUKI {ISAs {UKI)
and applicable law. Our responsibilities under those standards are further described in the
Auditor's responsibilities for the audit of the financial statements section of our report. We are
independent of the charitable company in accordance with the ethical requirements that are
relevant to our audit of the financial slalements in the UK, including the FRC'S Ethical Standard,
and we have fvlfilled 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 going concern.
In auditing the financial slalemenls, we have concluded that the trustees, use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have nol identified any material uncert8inlies relating to
evenls or conditions Ihal, individually or Collectively, may cast significant doubt on the charitable
company's ability to continue as a going concern for a periixl of at least twelve months from when
the financial statements are 8Uthorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are
described in the relevant sections of this report.
Other information
The trustees are responsible for the other information contained within the annual report. The other
information ￿rnprIseS the infomalion included in the annual report, other than the financial
statements and our auditor's report thereon. Our opinion on the financial statement$ does not
cover the other information and, except to the exlenl othe￿iSe explicitly ststed in our report, we do
not express any form of assurance conclusion Ihereon.
Our responsibility is to read the other information and, in doing so, Consider whether the other
information is materially inconsistent with the financial slatemenls, or our knowledge obtained in
the audit or olhetwise appears to be materially misslaled. If we identify such material
inconsistencies or apparent material misslalements, we are required to determine whether this
gives rise to a material misstatement in the financial statements themselves. If, based on the work
we have performed, we conclude that there is a material mi88tatemenl of this other information, we
are required to report that fact.
We have nothing to report in this regard.
20

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
Opinions on other matters prescribed by the Companles Act 2006
In our opinion based on the work undertaken in the course of our audit
Ihe information given in the Iruslees, report, which includes the direclors, report land the
strategic reportl prepared for the purposes of company law, for the financial year for which the
financial statements are prepared is consistent with the financial statements., and
the strategic report and Ihe directors, report included within the trustees, report have been
prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception.
In light of the knowledge and understanding of the charitable company and their environment
obtained in the course of the audit, we have not identified material misstatements in Ihe strategic
report or the directors, report included within the trustees, report.
We have nothing to report in respect of the following matters in relation lo which the Companies
Act 2006 requires us to report to you if, in our opinion..
adequate and proper accounting records have not been kept,. or
the financial slalements are not in agreement with the accounting records and relurns.. or
certain 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.
Responslblllties of trustees
As explained more fully in the trustees, responsibilities statemenl sel out on page 19 the trustees
(who are also the directors of the charitable company for the purposes of company law} a
responsible for the preparation of the financial slalements and for being satisfied that they give a
true and fair view, and for such internal control as the trustees detemine is necessary lo enable
the preparalion of financial statements that are free from malerial misstatement, whelher due to
fraud or error.
In preparing the financial statemenls, the trustees are responsible for assessing the Charitable
company's ability to continue as a going concern, disclosing, as applicable, matters related lo
going concern and using the going concern basis of accounting unless the trustees either intend lo
liquidate the charitsble Company or lo cease operations, or have no realistic allemative but to do
so.
Auditor's responsibilities for the audit of the financial 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 auditorfs
report that includes our opinion. Reasonable assurance is a high level of assurance but is not 8
guarantee that an audil conducted in accordance with ISAS IUKI will always detect a malerial
misstatement when it exists. Misstatements can arise from fraud or error and are considered
material if, individually or in aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.
Details of the extent to which the audit was considered capable of detecting irregularities, including
fraud and non-compliance with laws and regulations are set out below.
A further description of our ￿SponSibl1111es for the audit of the financial statements is located on the
Financial Reporting Council's websrte at.. wNw.frc.or
.uklaudilorsres
onsibililies. This description
forms part of our auditor's report.
The extent to which the audlt was considered capable of detecting irregulartties. in¢luding
fraud.
Irregularities. including fraud, are inslances of non-compliance with laws and regulations. We
identified and assessed the risks of material misstatement of the financial statements from
irregularities, whether due to fraud or error, and discussed Ihese be￿een our audit team
members. We then designed and performed audit procedures responsive to those risks. including.
21

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
Opinions on other matter$ prescribed by the Companies Act 2006
obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.
We obtained an understanding of the legal and regulatory frameworks within which the charitable
company operates. focusing on those laws and regulations that have a direct effect on the
determination of material amounts and disclosures in the financial slalements. The laws and
regulations we considered in this context were the Companies Act 2006 and the Charities Act 2011
together with the Charities SORP IFRS 1021. We assessed the required compliance with these
laws and regulations as part of our audit procedures on the related financial statement items.
In addition, we considered provisions of other laws and regulations that do not have a direct effect
on the financial statements bul compliance with which might be fundamental lo the charitable
company's ability to operate or to avoid a material penalty. We also considered the opportunities
and incentives that may exist within the charitable company for fraud. The laws and regulations we
considered in this context for the UK operations were General Data Protection Regulation,
Employment Law and Health and Safely legislations.
Auditing standards limit the required audit procedures to identify non-compliance with Ihese laws
and regulations lo enquiry of the Trustees and other management and inspection of regulatory and
legal correspondence, if any.
We identified the greatest risk of material impact on the financial slalements from irregularities,
including fraud. to be within the recognition of grant income and the override of controls by
management. Our audit procedures lo respond to these risks included enquiries of management
about their own idenlifi¢ation and assessment of the risks of irregularities, sample testing on the
posting of journals, reviewing accounting estimates for biases, reviewing regulatory
correspondence with the Charity Commission, and reading minutes of meetings of those charged
with governance.
Owing lo the inherent limitations of an audit, there is an unavoidable risk that we may not have
detected some material misstatements in the financial statements, even though we have property
planned 2nd performed our audit in accordance with auditing stsndards. For example, the further
removed non-complian￿ with laws and regulations lirregularitiesl is from the events and
transactions reflected in the financial statements, the less likely the inherently limited procedures
required by auditing standards would identify it. In addition, as with any audit, there remained a
higher risk of T7on-deleclion of irregularities, as these may involve collusion, forgery, intentional
omissions, misrepresentations, or the override of inlemal controls. We are not responsible for
preventing non-compliance and cannot be expe￿ed lo delect non-compliance with all laws and
regulations.
Use of our report
This report is made solely for the charitable company's members, as a body. in accordan￿ with
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken $0 that we
might slate lo the charitable company's members those mallers we are required to state lo Ihem in
an auditor's report and for no other purpose. To the fullest extent 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 wotk, for this report. or for the opinions we have
formed.
Jayne Rowe
Senior Statutory Auditor
For and on behalf of
Crowe U.K. LLP
Slatulory Auditor
London
Date: 26 July 2024
22

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024 (incorporating an Income and Expenditure account)
Restricted
Unrestricted Income
Funds
Funds
Endowment
Funds
Total
2024
Total
2023
Notes
Income from..
Donations and ￿a¢le$
Charitable actiiAties
Cxher trading aclimties
In￿StMentS
90,685
744,029
83,763
29,089
90,685
1,435,668
83.763
721,796
79,669
1,392,446
90,985
697,715
691,639
692,707
1343,9061
947,566 1.040,A40
er
19
343,906
343,906 2,331,912
Total income
2,260,815
Expendlture on:
Raising funds
Charitable acts'wties
Total expenditure
359,9C18
1.760,823
2,120,731
18,630
378.538
2,654.717
3,033.255
377,178
2.479,910
2,857,088
893,894
893,894
18,630
Operatlng (Deficitllsurplus
11.173,1651
146,546
325,276
1701.3431 1596,2731
gainsllk)sses) on in￿SInEnts
Gain on re￿luatIon and sale of
Investment Pr¢¥)erties
TTansfers
Net incomellexpendlturel
14
37,080
897,742
9¥822 11, 107,0141
155,7571
1.251,367
59,525
{55,7571
254,000
{1,251,3671
128,3491
146,546
177,722 11,449,286)
Reconclliation of funds
Totsl funds brought foward
19
15,187,056
141.683 16,919,536 32.248,275 33,697.561
Total funds carried forward
19
15,246,581
288,229 16,891,187 32.425,997 32,248,275
TOTAL RECOGNISED SURPLUS AND DEFICITS
The company has no recr4nised surpluses or deficits other than the deficit or surplus shown abo￿.
For the purposes of the C(mpanies Act, net lincomel of £177,722 12023.'£ £1,449,286) is total inc
of £2,331,91212023: £2,260,815), minus total eyndilure of £3.033,25612023'. £2,857,088)
,plus net gain on Investrnents of £934.822 {2023.f £1,107,014 lossl and plus loss on
revaluation of In￿StMent Properb"es of £55,75612023- £254,00 gain).
The notes on pages 24 to 43 form part of these financial staten*nts.
23

WIMBLEDON GUILD OF SOCIAL WELFARE
(a Gompany limited by guarantee)
BALANCE SHEET (Company Number 383330}
AS AT 31 MARCH 2024
2024
2024
2023
2023
Notes
FIXED ASSETS
Tangib￿ assets
In￿s￿￿ent Properties
Inlestments
TOTAL FIXED ASSETS
12
13
14
922,683
13,820,000
17,616,718
32,359,401
856,094
13,820,000
17,580.422
32.256,516
CURRENT ASSETS
Debtors
Cash at bank and in hand
15
16
203.894
51,893
195,466
69,401
TOTAL CURRENT ASSETS
255,787
264,867
LIABIL￿lEs
Creditors- amounts falling due ￿lIhin
one year
17
189,191
273,108
NET CURRENT ASSETS
66,596
18,2411
TOTAL NET ASSETS
20
32,425,997
32,248,275
The funds of the charity:
Restricted funds
Endowrenl funds
Restricted in¢ome funds
16,891,187
288,229
16,919,536
141,683
17,179,416
17,(￿1.219
UnrestTlCted fundy
Free Reserves
InvestnEnl Properbes Reser
Fixed Asset Reser
503,898
13,820,000
922,683
510,961
13,820,000
856,094
15,246.581
15,187,055
TOTAL FUNDS 19130
32,425,997
32,248,275
ApprO￿d by the Board of Trustees on 15 July 2024
Mrs S Cooke- Chairrnan
S Pfeifer - Treasurer
Company I￿}. 383330
24
The notes on pages 24 to 33 form part of these financial staterrents.

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee>
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
Note5
2024
2024
2023
2023
Cash flows from operating actlviti&s
Net cash provided by (used inj operating
activities
21
11,554,506)
11,176,866)
Cash Ilows from investlng activitie5:
Diifidends and interest from in¥estTTEnts
Income and capital ￿lthdrawaL% from
in￿stMents
Purchase of tangib￿ fixed assets
Net cash provided by (used in) investing
8Ctivilies
721.099
28,488
878,901
63.002
1,176,508
44.686
12
1.536,998
1, 160,310
Change in cash andca5h ewivolents
In the re￿￿ngperlod
117,5081
116,5561
Cash and cash equlvalents at the
beginning of the reporting period
69.401
85.957
Cash and cash e(pJivalents at the end
of the re￿)￿n9PerI0d
16
51.893
69,401
25

WIMBLEDON GUILD OF SOCIAL WELFARE
(a ¢ompany limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
Wimbledon Guild of Social Welfare is a charity Iregislralion number 2004241 and a company limited by
gtJ8ranlee incorporated in the United Kingdom Icompany number 83271311. 11 is governed by its
Memorandum and Articles of Association incorporaled 15 October 1943 as amended by special fesolulion al 6
O¢lober 2009.
lal Basis of Preparatlon
The financial stslemenls of the Charity, which is a public benefit entity under FRS 102, have been prepared
vnder the historical cost convention as modified by the inclusion of inveslmenls al rnarkel value and
Investment Properties al Fair Value. and in accordance with Accounting and Reporting by Charities..
Slalemenl ol Recommended Practiee applicable to charit16s preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January
20151- (Charities SORP IFRS 10211, the Finan¢i81 Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021 and the Companies Act 2006. Company information is provided on Page 43.
Ibl Going ¢oncern
After waking enquires. the Trustees have a reasonable expaclation that the charity has adequate resourcey lo
continue its activities lor the foreseeabl8 lulure. Accordingly. they continue to adopt the going concern basis in
preparing the financial stalemgnls as outlined in Ihg Slalement of Trustees Responsibilities on page 18.
Icl Accountlng Estimates and Judgements
Preparation ol the financial slalemenls requires management to make significant judgements and estimates.
The items in the financial statements where these jvdgements and estimates have been made include the
following..
In determining the Fair Value of Investment Properties. assumptions are madg about uncertain ftjlure events
on those assets at the balance sheet dale. Assumptions Ljsed are based on historical experience and
expectation of future evenl$ 8nd are updated with new information. The effects and risks of estimation
uncertainly have been assessed by applying appropriate sensitivity analysis to flex key assumptions, such as
Rents and Open Market Values, and identify how robust the model outputs are in practs'ce. The conclusion of
the sensitivity analysis is that there would need to b& an extreme movement in Markel Values for there lo be a
material impact on the valuation of the portfolio, and there is no evidence that this has happened since the
reporting date. The Trusltres are satisfied that the Fair Value valuation at 31 sl March 2024 is materially
accurat&.
Idl Income
Income is re¢ognised where the charity has entit16menl lo the funds, il is probable that the income will be
received, and the arnount can be measured reliably.
Grant Income is recognised where the charity has enlillemenl to the funds, any performance conditions
allached lo the grants have been mel. il is probable that the income will be received, and the amount can be
measured reliably.
Lega¢ies are recognised on the earlier of the dale when amounts are received or when the charity has been
notified of the executor's intention lo make a distribution.
The sale of m8als, shop sales. donations and other voluntary sources are dealt with on a cash basis. Donated
goods received for re-sale are récognised at point ol sale.
Investments comprise interest and dividènds which are recognised when receivable.
Gifts in kind include donated goods and services. These contributions are in¢luded in the financial statements
al an estimate based on the value of the contribution to The Guild which is the amount the charity would have
been willing lo pay lo obtain goods or services of equivalent economic benefit on the open market.. a
Corresponding amount is then recognised in expenditure in the period ol receipt.
(¢1 Expenditur¢
Expenditure is ￿cOgniSed once there is a legal or conslruclive obligation lo make a payment to a third party, it
1$ probable that settlement will be required, and the amount of the obligation can be rlleasured reliably.
Expenditure is classified under the following haadings..
Expenditure on charitable activities which are incurred directly in fulfilling the charity's objg¢lives',
Expenditure incurred in raising funds.
Support costs, including irrecoverable VAT, are allocated lo these expenditure headings based on square
footage for premises costs, lime spent for salaries and relaled expenses and approximate usage for other
expenses.
26

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
In Voluntary help
A significant amount of time is èxpended on the company's a¢livilies which is donated free of charge. It is not
Possible lo qijantify the value of time given and accordingly il is neither recorded as donated income nor as an
expense in the financial statements.
Igl TangSbl• fixed assets
Items are Capilalised when the total cost or market value of the whole project exceeds £5,000.
Depreciation is provided on all fixed assets, including freehold land, and 8re depreciated over their tjseful
economic lives on a slraight-line basis as follows..
Asset Category
Annual Rate
Freehold land and buildings
2 /0 on cost or valuation
Motor vehicles
200h on cost
Furniture and equipment
10% on cost
Computer equipment
33Qk on cost
Ihl Investmènts
Investments are stated at market value. The income arising on the investments is shown under Investments in
the Statement of Financial ActNities.
Gains and losses on investment assets disposed of are shown as Net gains and losses on investments in the
Statement of Financial A¢tivllies.
Gains and losses on investment assets held al the year-end are unrealised and 8re also shown as Net gains
and losses on investments in the Statefflenl of Financial A¢livities.
lil Investmént Properties
Investment Properties are properties held to eam rentals and for capital appreciation and are stated al Fair
Value at the balance sheel dale. Gains or losses arising from changes in the Fair Value of Investment
Properties arg included in Slalement ol Financial Activilies for the pgriod in which thgy arise.
(il Cash at bank and in hand
Cash al bank and in hand includes cash and short-term liquid investments wf(h 8 short rnaturity of three
months or less from the dale ol acquisition or opening of the deposit or similar account.
kl Financial Instruments
The Company only has financial assets and financial liabililios of a kind that qualifies as basic financial
instruments. Basic financial instruments are initially recognised at transaction value, and subsequendy
easured at settlement value.
{11 Stocks
No account is taken of the stock of food and provisions al the year-end as this is considered lo be immaterial.
{ml Ponsion Costs and othar post-retirom•nt benefits
The charity operates a defined contribution pension scheme. Contributions payable lo The Guild's pension
scheme are charged lo the Statement ol Financial Activities in the period lo which Ihey relate.
Inl Lease ¢ommitments
Rentals paid under operaling leases are charged lo the Statement of Financial Activities on a straighl-line
basis over the term of the lease.
lol Fund Accounting
Unreslrieted funds comprise those monies which may be used towards meellng the charitable objectives of
the Charity al the discretion of the Trustees.
Designated funds are monies sel aside out of unreslri¢led funds and designated for specifi¢ purposes by tha
Trustees.
Restricted funds are monies received and their use restricted lo a specific purpose, or donations subject to
donor-imposed conditions.
27

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Expendable End(>wmenl relates to funds held on Iwsl lo be retained for the benefit of the Charity as a capital
fund. 11 is distinguishable from unreslricled funds in that there is no requirement to spend the funds until the
Charity Trustees d&¢ide lo.
2. DONATIONS AND LEGACIES
Unrestricted Restricted
Funds
Funds
Total
2024
Total
2023
Legacy incorre
t)onalions and CO￿ants
4,658
86.027
,685
4.658
86,027
90,685
5.521
74.148
79,669
Unrestricted Unrestricted
Funds
Funds
2024
2023
3. OTHER TRADING AcT￿￿lEs
Rentsl Incorr
Drake Pbuse
Fundraising e￿nts
35,297
21,126
27,340
83,763
44.075
20.240
26,670
90,985
4. INVESTMENT INCOME
Unrestrlded Restricted
Funds
Funds
Total
2024
Tot21
2023
Bank and Buikjing Society accounts
Dimdends receiwdble from in the UK
Diiridends receivable from outside the UK
699
1,590
38,790
26,801
653,917
29.090 692,707
699
40.379
680,719
721,797
9,335
33,730
654,650
697,715
5. CHARITABLE ACTIVITIES
Unrestricted Restricted
Funds
Funds
Total
2024
Total
2023
Incon
ComThJnity SeNces
Tavrfing Therapies
HDusing Rents
Cxher
86,906
46.746
597,127
4,250
735,029
4,187
91,093
46,746
597,127
4,250
739,216
64,699
57,293
560,767
3,423
686, 182
4.187
28

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
5. CHAR￿ABLE ACTivmES Icont'dl
Unrestricted Restricted
Fund$
Funds
Total
2024
Total
2023
Grants
London Borough of Merton
South West London & Sl C*orge's Trust
AgeUK -community Hub
Merton Clinical commis￿onIng Group
Age UK Merton
Merton Voluntary Serifice Council
The Wirnbledon Foundab'on
The Doughty Fami￿ Foundation
The Peacock Charitsble TrLJSt
The LC Taussig charitab￿ Trust
A Nelson & Co
The D'fyly Carte charitab￿ Trust
South Wesl London Trains
Merton
City Bridge Foundab'on
Everyone Heallh Ltd
nro
Nations Senfice IICSIICBI
Oher
313,017
87,813
95,205
25,000
9,300
313,017
87,813
95,205
25,000
9,300
430,355
81,971
78,538
25,000
31.232
3,4eo
2,4S8
5,000
7,000
3,000
1,OCHJ
3,0(
33,(KX)
8,453
8,453
5,000
10,000
4.000
5.000
10.000
4.lJOO
29,750
32,202
6,162
1,000
68,687
863
9,000 687,452
29,750
32,202
6.162
1,000
68,687
863
696,452
1,250
706,264
Total Charitable Activltlos
744,029 691,639
1.435,668 1,392,446
DirKt
Costs
Support
Costs
(Note 81
Total
2024
Total
2023
6. EXPEND￿uRE ON RAJSING FUNDS
Charity Shop
Costs of Fundraising
I￿￿tment ￿Anagement Fees
Drake Fbu5e
(Iher IlnKestrnent & Market'ngl
2,370
124,804
56.189
19.888
29,103
47,010
32,454
52,705
14,015
246,777 131,761
2,370
180,993
48,991
79,464
66,720
378,538
13,350
175,764
45.260
78,750
,054
377,178
Direct
Costs
Support
Costs
(Nota 81
Total
2023
Totsl
2023
7. EXPEND￿uRE ON CHAR￿ABLE
ACTIVITIES
Community Serlices
Talking Therapies
Fknusing
Social Work (including (>ief Supw)rt SenA¢esl
Oher
729,110 296,217
502,928 136.731
156,449
79,065
470.036 121,636
162,545
2,021,068 633,649
1,025,327 1.043,688
639,659
599,128
235,514
274,680
591,672
406.957
162,545
155,457
2,654,717 2,479,910
29

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
SUPPORT COSTS BY ACTivrrY
(Notes 6 and 71
Staff Gov8rnan¢e Gen•ral
Costs
Costs
Offico
Costs
Facilities
Costs
2024
Total
2023
Totsl
Amended
Community SeN¢es
Talking Therapies
Fknusing
Social Work
149,053
52,371
33.681
66,989
302,094
27,339
9,114
17,181
11,128
64,762
102,227
55,953
10,423
37,014
205.617
17,598
19,293
17,780
6,505
61,176
296,217
136,731
79,065
121.636
633,649
289,087
125,188
70,334
110,493
595,102
Raising funds
74,942
377,036
39,196
103,958
15,975
221,592
1,648
62,824
131,761
765,410
128.733
723,835
E4)enditure on support cos& are allocated to expenditure on Charitab￿ actiwtses and eypendilure on
raising fund5 based on square footage for prernises Costs, estirnated b'me spent for salaries and
related e)penses and approjimate usage for other eypenses. Last years fugures ha￿ been amended
due lo a change of rreth(MJology in cost allocation
NET IEXPENDITUREII INCOME FOR THE YEAR
This is stated after charging..
2024
2023
Q)erab'ng kases
Depreciation (see note 121
Auditor's remuneration..
Audit fees
46,516
55,644
35,977
50,938
17,IXIO
15,￿0
.10. STAFF COSTS
Staff costs during the year Kere as foll￿..
2024
2023
Wages and salaries
Social security costs
Pensions
1.807,334 1,435,599
137,872
135,377
92,431
79,948
1,837,637 1,650,924
Statutory redundancy Costs ￿re £25,74412023- NIII
The a￿rage monlhly headcount ￿S 50 stsff12023-49 staff) and the ￿rage number of full-time
equiwdlenl staff analysed by
function w3S'.-
2024
2023
Direct charitabke
Raising Funds
>%ernance and Support
31
29
41
39
30

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
The enployees who had en￿lurrEntS, e￿lUdIng pension conlribulions, e>Leeding £60,000 in the
year ￿ere..-
2024
No.
2023
£50,001 to £60,000
£60,00110 £70,000
£70,001-£80,000
£90,001 to £100.¢XKJ
The charity trustees ￿tre not paid or reCeI￿d any other benefits from emFAoyment with Ihe charity
(x ils subsidiary in the year12023- £nill, neither Kere they reimbursed eynses during the year
12023 - £nill. No charity trustee reCeI￿d paynEnt for professional or other seNces supplied to the
charity12023- £nill
The key management personnel of the charity comprise the Chief Executive Clficer, Head of
Finance and Resources, Head of Talking Therapies, Head of Community SeriAces and Head of
Communications & Fundraising. he total employee benefits of Ihe key management personnel of the
charity Kere £389,78712023- £397,994).
11. RELATED PARTYTRANSACTIONS
Since 1983, Wimbledon ¢￿Ik1 has been Ihe Trustee of the Wimb￿On Resettlement Fund IWRFI,
charity registered ￿1th the Charity Commission (Charity No.2345751, thich promdes grants for men
and Mornen and their dependants resident in the London Borough of Merton wlh a connects.on to Wdr-
tirrE seNces. The GUI￿ is responsib￿ for adfninislering and managing the allairs of WRF. During
2023124 the Guihj paid granis of £9,5291202>£4.5451 on behaw of WRF, and the balance due to the
Guikl from WRF al 31 March was £15,41512023-£4,545).
31

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12. TANGIBLE FIXED ASSETS
Land
Plant
and
and
Motor
Buildings
Equlpment Vehicles
Total
Costlvaluation
At 1 April 2023
Addits'ons
Write ofts
1,238,601
33.967
1108.3181
374,613
144,021
16,6711
20,000 1.633.214
177,988
1114,9891
As at 31 March 2024
1,164,250
511,963
20,000 1,696,213
Accumulated Depreciation
Al 1 April 2023
Charge for the year
Write offs
As al 31 March 2024
476,706
24.294
52,559
448,441
280,411
31,35D
6,671
305.090
20.000
T17,117
59,230
773,530
20,000
Net Book Values
As at 31 March 2024
715,810
2[￿,873
922,683
As at 31 March 2023
761,891
94,203
856,094
The nixEd use propeTties owed by the &ikl and premousty accounted for wthin tangib￿ fiyEd
assets ￿tre reclassified as In￿Stn*￿t Properties in 2020 (see note 131
All of the land and buildings are freehdd properties.
Depreciation Is taken on the cosvvaluation of the freehokl buiklings. Without a Cfxrplete Wdlualion it
is not possible lo separate the cost of the land and the Board of Trust￿5 consider that the
depreciation charged of 2D/o per annum on the total c051 is reasonable. The wile off1£55,767)
relates to the Mitcham Shop ￿lch was disposed of in the preMOUS financid year.
2024
2023
Anatysis of costs and Irdluation of land and buildings".
Historical cost
1,208,476 1,208,476
1.208.476 1.208,476
32

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
"13. INVESTMENT PROPERTIES
The loss on disposal of £55.757 on the SOFA reLates to the write off of assets linked lo the
Mtcham shop
Value al 01 April 2023
Disposal
Residual Value
Gain on Disposal
Rewdluation
Value al 31 ￿Arch 2024
13,820,QOO
13,820,WO
13,820,OLX)
The Guild has a residential property Portfolio based in the Wimbledon area. The porffolio is of miyed
use and has preiAousW be treated as land and buildings wthin tangible fixed assets. Follwng the
Financial RepoTb"ng Council's triennial remew published in Decenl)er 2017 the Trustees determined
in 2020 that the residential properties, ak￿9 ￿1th single retail property Shou￿ be classified as
In￿Stment Properties.
The Wdluations of the In￿S￿ent Properties al 31 March 2024 we carried out by Carter Jonas, a
property consultancy firm. The Yaluab'on of the Guild's residenb'al properb'es ￿ere undertaken by
members of the Royal Institution of Chartered sur￿yOrs IRICSI and the valuabons approved by
RICS Reaistered Valuers.
The residential properb'es been Vdlued usng the hlarkel Value melhod of Vdluation applied to
each of the Guild's residential properb'es. In undertaking Ihe valuation allowance has been made for
the tenancies ￿n place. Therefore, an investrnenl meihod of valuation, retying on current passing
rents for properb'es subpcl to a tenancy has been used.
.14. FIXED ASSET INVESTMENTS
2024
In the
UK
2024
Outside the
UK
2024
Total
2023
Total
Listed Investmgnts
Market y￿￿e at 1 April 2023
Additions
Disposals
Nel investn￿nI gainlllossl
Market ￿alue al 31 ltsrch 2023
1,289,541
509.e52
15781
28,979
1,827.594
14.743,431
16,032,972 17,689,
509,652
118.0531
118,6311
1550.1￿}
905.843
934,822
1,107,014
15.631,Z21 17.458.815 16,032.952
Cash for In￿str￿ent
In￿S￿nents at 31 March 2024
157.9)3
1,985.497
15T.903
1,547.470
17.616,718 17.580.422
15,631,221
H'storical cost a131 March 2024
378,495
16,692,443 17,070,938 16,718,214
Ch 19th March. 2015 Ihe Guild estsblished a 0¥￿ed trading subsidiary, WG PronM)*'ons
Limited, a company registered in England and Wales, Cofflpany Number 9497808. The corvpany
was lorrned primari￿ tr> undertake trading actimbes to raise monies for The (ajild but has been
dormant since 1st April 2016. Ai 31st March, 2024 the GUI￿,$ in*stn*nl its subsidiary coryany is
£1. Tepresenling the cost of the Cal￿ up ordinary share capital of WG PrOn￿lOnS Limited.
The Guikj also owns one ordinary £1 share1100D/.l in Springfield Court Wimb￿On Linited,
Company NumtEr 08349741, ¥thich was incoTpof8ted on 7 January 2013. The company is not
33

WIMBLEDON GUILD OF SOCIAL WELFARE
{a company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
.15. DEBTORS
2024
2023
Trade Debtors
Ott)er Debtors
Prepayrnents
15,759
131,181
56,955
203,895
34,803
87,810
72,853
195,466
.16. CASH
2024
2023
Cash in hand and at bank
51,893
69,401
51,893
69,401
.17. cRED￿ORs- amounts falllng due within ono year
2024
2023
Trade Creditors
Oher Creditors
Accruals and deferred income Isee t￿rOw}
28.271
66,222
94,698
189,191
11 S,569
51,059
106,480
273,108
Deferred Income
2024
Balance al 1 April 2023
Amount released lo income earned from charitsble and other trading 8ctiMtses
Amount deferred in the year
Balance at 31 March 2024
80,062
180,0621
45,098
45,098
Deferred income of £45,C)98 Consists of ticket sabs £12,160 for the Event (Juty 20241, r&ei
in advance, £32,938 in relation lo grants1£15,250- Merton and £16,423 in reLalion to the
Conynunity Hub) and other income.
.18. FINANCIAL INSTRUMENTS
2024
2023
Financial assets ff￿aSUred al cost
Financial liabilities measured al cost
1,560,095 1,554.233
94,493
166,628
Financial assets include Debtors. and Cash-in-hand and on deposit.
Financial liabilities include trade and olher creditors.
34

WIMBLEDON GUILD OF SOCIAL WELFARE
{a company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19. FUNDS
Net
Incoming Resour¢es
Inv'mnt
resoUr￿S 0X￿nded gn'slllos's) Prop's
Rewn
Balan¢es
31 March
2024
202W24
1 April
2023
Tr'ers
Endowments
E¥pendable
Endownent
Property Funds
Portrolio
1.232,922
Total Endownents
16,919,538
Restricted In¢omg Funds
Weware Fund
rton Cimc Pride
Welbeing Support
Talking Therapies
15,686,616
325.380
{18,6311
897,747
16,891.112
18,526
343,906
11,251,373
1,251,373
75
18,891,187
18,631
897,747
75,341
193,383
1210,3321
58,392
49,431
149,4311
Iicsi
29,328
129,3281
SWLSTG ￿￿rtOn Ll)lifl
-Wellb&ng Support
The Merton COVID-19
Community response
Fljb
Winter. Warm & Well
Grant
Mu5i¢al
LBM- Talknr
Therapies
Befriending IICSI
SupFort for Ukraine
City Bridge
Foundation
Merton ￿Ve5
NHS Merton CCG
(Grief Support)
The Wimbledon
Foundation
The Peacock
charitab￿ Trust
CAher
E4)endable
Endo￿￿1 capital
distribution
Special Trust incon
lcazen0￿>
87,813
187,8131
13,090
95,205
191.8711
16,424
12,267
5,295
55,179
4,187
152,7921
16,8861
14.654
10,570
42,601
110,5701
146,1511
14,6501
5,205
5,940
1,655
1,290
32,202
29,750
I7,1￿)
(41,1￿1)
25,052
11,400
12,917
25,000
{37,9171
8,453
14eoi
7,993
10,000
10.(X)O
227
12271
1343,9061
343,906
692,707
{198,6271
1343,9061
150,174
TotAI Restricted income
141,681 1,021,903
875, 129
227
288,229
35

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
2023124
1 Aprll
2023
Incoming Resources
Inv'mnt
resource5 expended gn'slllos's) Prop's
Tr'ers
31 March
2024
Unrestricted funds
Ceneral Fund
Fixed Asset Rese
InvestrvEnl Propertie5
Rese
Total Unrestricted
Funds
510.961
856,094
947,565 12,180.3041
3,587
37,078
1.188,598
63,002
503,898
922,683
13,820,000
13,820,000
15,187,055
947.565
2,176.717
37,078
1,251,600 15,246,581
Total Funds
32.248 275 2,313,375
3,070,477
934.825
32.425,997
The Ejpendable Endownent was estsblished by a Iruslee declaration of tru51 dated 16th Juty 2016 The charitsb
trust Created is administered by Wirnbledon Guild as Trustee. The Endovrtnent is forTvEd principal￿ friThn the
proceeds of the sath of Wimbledon Guikj's care home, plus other residential propeth'es in 2014115. 11 is a capital
fund there all incowE, and at Wirrbledon Guikl's discrets'on, all or part of the capital is applied for the furtherance of
Ihose aspects of the Charitab￿ objects of Wimbledon Guild thich are concerned ￿rith the proinsion of weware
sermces and relief and pre￿nts.0￿ of p￿rty, relief and pr￿ntIOn of ill health and proifision of charitable 5UPPOrt to
Ihe elderty. The Trustees apprO￿d the transfer of £343,906 from the Eypendable Endwnent to restricted income
funds. The funds ￿re utilised during the year in accordance wlh the objects of the trust lo promde Weffare sennces.
The In￿$t￿Ent inc(YrE generated from the Expendable Endovrnt in￿stMentS is included in Reslricled Incon
Funds as'special Trust InconE', and is used lo fund the charitable objects of Wimbledon Guild as defined in the
decFaration of trust dated 16th Juty 2016. The Board agreed to add the prixeeds of the sakn of 2 properties
£1.325,000 to the fund dufing 2022-23.
Ihe Weware Fund is made up of donations earn￿rked for ￿Etrare use. Small grants are gI￿n out to indiifiduals, in
line ￿1th the 0￿.eCts of the Charity.
The Ciiric Pride grant was awarded lo Wimbkdon Guild by London Borough of Verton for a period of 3 years
starting on 1st April 2023. Its purpose5 are lo proifide ongoing and practical emotional support for people o￿T 60 wth
cury)lex needs. and to facilitate 3 emotional support groups to i￿r0￿ confidence and motivation and de￿k)p.
Talking Therapies ICS- Funding lo pr￿ide one to one counselling f￿ bLack and Asian crmnunities.
Merton Lljlift is a partnership btheen the NHS and local KJlunt2ry sector organisations thich started in April 2019.
As part of Merton Ll)lift Wimbledon Guikl has been a￿8rded a 3 year contract by South West London Sl Georges
Mentsl F￿arth Trust ISWLSTGI lo promde Wellbeing Sernfices as part of the Merton Wlift progra￿￿￿. This ha5 been
extended by a year.
The Merton COVID-19 Cornmunity Response HLJb is a partnership bemeen Age UK Merton and Win*)ledon Guikl. It
was sel up in March 2020 lo help isolated households and those at risk from COVID-19.
36

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Wimbledt)n Guikl agreed with Musical Mowng to take ower the running of dance classes for peopte wlh Parkinson's,
and h￿ reCeI￿d grant and legacy n￿leS to SUPPOrt the program￿￿.
LBM Talking Therapies - Support for Ukrainians is funding promded by the Land￿ Borough of VErton lo promde
enth.onal support group for Ukrèinians.
Age UK Befriending setmce is a partnership ￿1th Age UK ￿ertOn funded by the Iwal council, thereby Wimbledon
Guild promdes a f&e to face befriending serwce and trains and supports ￿lunteer befrienders.
City Bridge Project- Prwding online one to one therapy for people Inho are housebound.
Merton mO￿S represents funding frcffl Merton Council to promde one to one support for peop￿ over 60, encouraging
physical acliiity.
The NHS Merton Clinical Conyrissioning Group grant of £25,000 is used lo part fund a bereawr*nl senAce
deli*red by Wirrbledon Guikl to help people aged 16 and abo￿ ￿0 are bere￿d or approaching bereawxent.
The WirT￿￿dOn Foundats'on represents funding to support new enY)ts'onal support and social groups in east Merton
The Peacock charitab￿ Trust represents funding alth8ted to purchasing a new ninivan.
The In%estrEnl Properties Reserve represents the valuations of the residential properties owned by Wimbledon Guild
and rented out to tenants.
The FixEd Assets ResernEs are represented by tangib￿ fixed assets and are not readity Con*1tib￿ into cash.
37

WIMBLEDON GUILD OF SOCIAL WELFARE
{a company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
The 2022123 mo%eTllent in funds cOrnparati￿S are a5 follows'.-
Net
Incoming Rgsour¢es
Inv'mnt
rgsour¢es expended gn'slllos's) Prop's
Rav'n
Balances
31 March
2023
2022123
1 April
2022
Tr'ers
Endowmgnts
Eypendable Endownent 17,213,418
436.175
19,530
1,071,098
1,232.921 16,919,536
Rèstricted Incomo Funds
Welfare Fund
Merton Strategic
Partnership-wellbeing
Support
Merton Strategic
Partrer5hip -Talkn'ng
Therapies
SWLSTG Merton UtAifl
-wellbeing Support
The Merton COVID-19
coM￿nity responso
Fljb
Winter, Warm & Well
Grant
Musical ￿ement
Rosemary Lodge Fund
Befriending IAge UK
rtonl
Suprx)rt for Ukraine
Wimbledon
Convalescent Fk)n
Merton
NHS Merton CCG
(Grief SLJPPOrtI
Everyone Proj8¢1
Oher
Ejpendab
Endowllent capital
distribution
Special Trust income
Icazenovel
78.940
162,418
1166,0181
75,340
48,500
148,5001
48,500
148,5001
81,971
181,9711
78,539
165,4491
13,090
7,691
9,404
1,531
125,455
3.000
{120,8791
17,1091
11,5311
12,267
5,295
5.205
31,232
131,2321
124,0601
5,205
14,949
2.￿5
114,7¥2}
130,5241
227
11,400
39,299
35,000
750
500
122,0831
17501
15001
12,917
110.2021 436,175
1425,9741
18.233
668,825
650,593
Total Restricted incon
91,9)4 1,790,168
1,740,394
141,681
Unr8strl¢ted funds
General Fund
Fixed ￿Set Reser%e
InvestnEnt Properb"es
Rese
Total Unrestricted
Funds
638,884
862,345
900.725 {1,040.1271 135,9131
IS),9381
47,393
44,687
510,g62
856,094
14,891,0(K)
254,000
1,325,000
13,820,000
16,392,229
900,725
1,091,065
35.913
254,OOD
1,232,921
15.187,055
Total Funds
33,697.561 2 254,714
2,850,989
1.107,011
254.000
32,248,275
38

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Investment
General Propertie$ Fixed Asset Endowment
funds
Rgserve
Reserve
funds
Restricted
income funds
Total
2024
2024
Tangible Fwd
Aqsets
Inve5trnent
Properties
922,683
922,683
13.820,000
13.820,000
288,229 17.616,718
Inve8trnents
437,302
16,891,187
current
assets
Total
86,596
503,898 13,820,000
66,596
288,229 32,425,997
922,683 16,891, 187
2023
2023
Tangible Fixed
A8set5
Investment
Propethes
Investments
856,094
856.094
13,820,000
13,820.000
519,202
16,919,536
141,683
17,580,422
Net Current
85set5
Total
8,240
510,962 13,820,000
8,240
32.248,275
856,094 16,919,536
141,683
39

WIMBLEDON GUILD OF SOCIAL WELFARE
{a company limited by guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
21. CASH FLOW INFORMATION
RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES
2024
2023
Net IncomellE4)enditurel for the reporting period las per
the Statement of financial acliiriliesl
AdjusknEnls for..
Depreciation charges (Note 121
Unrealised and realised bssesllgainsl (Note 141
Disposal of FikEd Asset INote121
Inv2sfvnl Property Revaluation IM)te 131
Deficit from sales of InVeSt￿Ent propeth'eslFixEd Asset
In￿trnent income show) in investing actimties (Note 4)
Inlestment f*s Sho￿ in In￿stIng acts'irilies (Note 191
Ilncreasel l Decrease in debtors
Increase I (Decrease) in short term creditors
Net cash wovI(￿dbY (usedinj operatingactiviues
177,722
11.449,2861
55,644
1934,8251
55,759
50.938
1,107,014
179,000
1433,0001
1697,3151
20,097
140,057)
85,744
1.176,865
1114,9881
1721,098}
19.626
18,4281
83,917
1,554,506
22. HISTORICAL COSTS OF NET PKJVEMENT IN FUNDS
2024
2023
Net mowTEnl in funds
Revaluation of In￿$t￿Ent Properties (Note 131
Unrealised Igainllk)ss on invest￿EntS (Note 141
Nel M￿ment of funds on a historical cost basis
177,722
{1,449,2861
179,000
1,107,014
163,272
934,822
757,100
23. SHARE CAPITAL
The company is consliluled as a conpany limited by guarantee. Lhder the terms of clause 7 of the
Atticles of Association, in the ￿Ent of the charity b&ng ￿￿nd up every member is liable to contribute
sum not exceeding £1 during the ts'me they are a n￿rnber or within one year thereafter.
24. TAXATION
The Guild is a registered charity and is exempt from tsyats'on on inconE arising from and wended on
its Charitab￿ acliiril'es.
25. OPERATING LEASES-LESSEE
At 31 March 2024, the charity had the fdlowng COn￿ltmentS under nOn-cancellab￿ operating ￿ases..
2024
2023
Obligations under operating ￿aSeS ewiring in less than one year
Cknligalions under operats'ng ￿aSeS eypiring in one to fi￿ years
(￿lIgatIonS under operating bases e>piring after five years
62,302
206,646
129,500
398,448
35.154
79,818
114,972
40

WIMBLEDON GUILD OF SOCIAL WELFARE
(a company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
26. PENSION COSTS
The corrpany has a group defined contribution pension scheme %thich all empbyees are entitled to
join. The company nptches contributions rrAde by emtAoyees up to 70A.
During the year ended 31 March 2024, the company's total contributions ar￿Ullted lo £92,43112023.'
£79,948). £22,565 of the costs we allocated to restricted actiiribes, and £66,584 to unrestricted
The Co￿PanY'S staging date for stsff au￿enr01rr￿nI in the pension was 1 July 2014.
27. CAPITAL COMMITMENTS
The company has no authorised and contracted comilnEnts for capital e>penditure al 31st March
2024.
41

WIMBLEDON GUILD OF SOCIAL WELFARE
{a company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
28. STATEMENT OF FINANCIAL ACTMTIES-COMPARATIVE INFORMATION
The split of the 2023 Comparati￿ shom on the face of the StaterrEnt of Financial Actimties btheen
the separate classes of funds are as follo￿..
Restricted
Income
Funds
Unrestricted
Funds
Endo￿nI
Funds
Total
2023
Income Irom..
DDna*'ons and legacies
Charitable a¢tiMties
Cxher trading actiiAties
In￿str￿ents
ljher
Total in¢ome
79,669
701,182
90,985
34,987
79,e69
1,392,446
,985
697,715
691.264
ee2,728
436,175
1,790,167
436,175
436,175
906,823
2.2eo.815
E)penditure on..
Raising funds
Charitable actimties
Total e>pendittJre
357,648
739,516
1,097,164
19,530
377,178
2,479,910
2,857,088
1,740.394
1,740,394
19,530
Q)erab'rrfJ (Deficilllsurplus
190,341
49,773
455,705
596,273
I gainsllbssesl on investmenLs
Gain on rewdluation and sale of In￿StsMent
135,9111
1978,9211
11,071,103) 11,107,014)
1,232,921
254,000
Nel leypenditurellincome
1,205,173
49,773
293,887
1,449,287
Reconciliab'on of funds
Total funds brought fOr￿8rd
16,392,228
91,910
17.213,424
33.697,562
Total funds carried forward
15,187,055
141,683
16,919,537 32,248,275
29. OPERATING LEASES-LESSOR
At 31 March 2024. the fijlure minimum lease payff*nts receivable under non-cancellable operating
leases ￿Ere..-
2024
2023
ligab'ons U￿er operab'ng ￿Se$ e)piring in less Ihan one year
ligations under operating bases ejpiring in one lo five years
C￿ligationS under operating leases ewiring after fi￿ years
392,640
6,711
481,712
31,053
399,351
512,765
42

WIMBLEDON GUILD OF SOCIAL WELFARE
Company Registration number.. 383330, Ch8rily registration number.. 200424
Registered Office.. Guild House, 30132 Worple Road, London SW19 4EF
Web511e.' www.wimbledon
uild.co.uk
Immbledon Guild of Social Welfare I'The Guild'l is constituted as a company limited by guarantee and is
registered fof charitable purposes with the Charity Commission. The Guild'5 governing document is ils
Memorandum and Articles of Asso¢iation incorporated 15 October 1943 as amendèd by special resolLJtion al
6 October 2009.
THE BOARD OF TRUSTEES
Honorary Officers
Chairman
Vice Chairman
Treasurer
Susan Cooke
Tom IR Al Steele
Sandy Pfeifer
Other Mambers
Karen Biggs
Eniola Oladipo18ppointed 3Td October 20231
Caroline Mawhood MBE
Howard Richards
Amir Siddiqui
Frances Haque
Theresa Zlonkiewicz (resigned 3rd Octobor 20231
Simon Lealhes FCA (resigned 3rd October 2023}
Director5
The Trustees of Wimbledon Guild of Social Welf8re are the charity's trustees under charity law and the
directors of the charitable Company.
Lifo Vlce-President
Sheila Dunman
SENIOR MANAGMENT TEAM
Wendy Pridmore
Helen Duckworth
Adil Qureshi
Oladipo Sokoy8
Mark Williams
Chief Executiv8 Officér and General Secretary
Head of Community Services
Head of Talking Therapies
Head of Finance and Resourcès
Head of Communications and Fundraising
ADVISERS
Auditor$
Bankars
Crowe U.K. LLP, 55 Ludgate Hill London EC4M 7JW.
Barclays Bank plc, Wimbledon Business Centre, Alexandra Road,
Wimbledon. London SW19 7LA
Croner GroLJP, Croner House, Wheatfield Way, Hinckley,
Leicestershire, LE10 1YG
Cazenove Capital MarTragement, 12 Moorgale, London EC2R 6DA
Russell-cooke LLP, 2 Putney Hill, Pulney, London SVV15 6AB lup till
13107120241
CCLA Investment Management, 1 Angel Ln, London EC4R 3AB
IAppoinled 14107120241
Employment
Investment Managèrs
Solicitors
43