Wimbledon Guild WIMBLEDON GUILD OF SOCIAL WELFARE ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31 MARCH 2025 Company No. 383330 Registered Charity No. 200424
WIMBLEDON GUILD OF SOCIAL WELFARE (a company limited by guarantee) Indèx Report of the Board of Trustees (Including the Strategic Report) .......... Statement of the Trustees, Responslbllitles................. 3-17 18 Report of the Independent Audllors........ 19-22 Statement of Financlal Actlvltles................ 23 Balance Sh••t......................... 24 Cash Flow Statement.................. 25 Notes to the Flnancial Statemonts.... 2643 Legal and Adminlstratlve detalls........
WIMBLEDON GUILD OF SOCIAL WELFARE {a company limited by guarantee) REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 TABLE OF CONTENTS l. Alms and Objectives 2. Achlevements, Perfomiance and Future Plans Tackling loneliness and social isolats'on 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. Flnanclal Revlew and Results lor the Year 10 4. Pntnclpal Rlsks and Uncertalntles 5. Flnancial Management Poll¢l•s a) reserves b) investment pol18$ and perfom?ance CJ inveslment properties 13 6. Structurn, Governance and Management 15
WIMBLEDON GUILD OF SOCIAL WELFARE (a company limlted by guarantee> REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 The Trustees of Wmbwon Guild ol Social Welfare present their Annual Report for the year ended 31 March 2025 under the Chanties Act 2011 and the Companies Act 2006. including the Directors. Report and the Stralegic Report under the 2006 Act, i¢>Jether with the audited finanaal statements for the year. Aims and ObJectlYes Wimbledon Guild was established in 17 to provide financial, social and practical support for the diverse communities in the Wimbledon area. kfiAmbledon Guild's purposes, as set out in the objects contained in the Articles of Associats'on are.. "To promote all or any chan"table puSeS for the benefit ol kllmbledon and District and the communilies Ihereor. In practs'ce, this means that Wimbledon Guild operates primarily throughout the London Borougtt of Merton. Ojr mission is to create a physical and emotional place.. "Where no one has to face Ilfe's challenges alone". Our services focus on.. Tackllng loneliness and social isolation in Merton. Supporting people in Merton who are expenencing difficulties in life. Supporting older people in Merton to live full, acts've and healthy lives. These three service objectives are underpinred by a fourth objective describing our culture and environment.. Creating a welcoming communrty which supports our aims. Statement of Public Boneflt The Trustees have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. All aspects of Wimbledon Guild's work are open to the people ofthe London Borough of Merton (LBM), and Immbtedon Guild conb'nues to provide an extensive range of social welfare services. working in partnership with numerous voluntary and statutory organisats'ons.
WIMBLEDON GUILD OF SOCIAL WELFARE (a company limited by guarantee) REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Strateglc Report Overvlew The London Borough of Merton has a disb'nct demography. Wards in the West (Wimbledon, Raynes Park> have more affluent and older populations. Wards in the East (Mitcham, Mordenl have a younger, more ethnically diverse population with higher levels of deprivation. We aim to meet the needs of all local people following ihe patterns of demand. Typically, our services for older people are focussed in the West and services tackling povety and supporting mentsl health are focussed in the East. In 2024-25 we revisited our sInesS Plan. supported by consultants from the Centre for Charity Effecliveness at Bayes Business School. We identified that growing demand for our services was placing significant pressure on our financial resources (primarily our inve5tmeni Portfdio), which have been adversely affected by global events. The scale of our investment portfolio allow$ us to tske a longer-term view and manage market fluctuations, but there is a recognition Ihal our capital is gradually reducing over ts'me. Trustees wished to take steps to address this. As part of the Business Plan review. we also vISed our Guild House redevelopment strategy. Our intentson for a number of years had been to demolish Drake House and build a new replacement for Guild House on Ihe former Drake House site The expectation was to fund the project via the disposal of Guild House After detailed consideration, the Trustees concluded that uncertainty over the ts'ming and value of any potential Guild House disposal and uncertainty about the planning process, combired with the wider risks linked to a substanhal newbuild project. were too great. We now plan to refurbish Guild House, with work on site scheduled for 2026 arKI preliminary design work currently unden¥ay. There has been a reduction in demand for services in some areas over the past year, now that the intensity of the Covid cnsis has passed. However, we conts'nue to witness the long- term mental health and financial cOnsequenS of the pandemic. combined with the cost- of-living crisis. Wle also see decreased local govemmenl and NHS reSoUrS affecting our statutory funding. Cuts lo statulory services also generale increased demand for our services Even allowing for some of the recent decreases, demarKJ for our services overall now significantly exceeds pre-covid levels. 2. Achievoments, Perfomiance and Fuluro Plans Tacklin Loneline and Social Isolatlon In Merton. Backgmund Reducing sooal isolation and lorlineSS ts a cross-cuth'ng theme which guldes much of our work, as there is substants'al eviden Ihat loneliness has a severely negative impact on mental and physical health. partularlY for older people.
WIMBLEDON GUILD OF SOCIAL WELFARE {a company limited by guarantee) REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 What we have achieved and lW we have achleved It afé The café offers a welcornir social space, providing a varied and nutritious low<ost menu each weekday. We served 8.118 meals during the year. a reduthon of 296 on 2023124. This was due to periods of disrepair when the café was closed, underlining the importan of progressing ihe Guild House refurbishment proFCt. This compares with an annual total of c7000 meals and drinks Pfe-covid. efriendin 161 clients were supported during the year, compared with 192 in 2023r24. This was due to volunteer and client tumover and the Closu of the con¢1 and Befriend service with the ending of Health Service funding 65% of Beth'ending clienls reported an improvement in their overall wellbeing score whith measures mood and feelings of positsvity and connectedness. Futurn Plans We envisage that our new Morden Base will conts'nue to have a significanl impact on communities that we do not ordinarily reach. Since it opened in early 2024 visitor numbers are increasing as our marketsng initsatsves take effect and word of mouth spreads. le In Merton who are Ex ertencln Dlfflcultles In Llfe - falkln ortin Thera Peo What we have achleved and how we have achleved It The key issues for clients In our Talking Therapies services were anxiety, depression, relationship issues. low self-esteem bereavement and trauma, broadly consistent with previous years. We achieved hbgh levels of clinically reliable change, with all services exceeding Ihe benchmark and some achieving 100% Our data is now of very high quality. Overall, the Talking Therapies department was able to triage 236 clients, provide 195 assessments and delivered 3,369 hours of services to the Merton Community. Over the past year we made significant prog5$ in our aim to expand our Talking Therapies service and make it more accessible to communities who typically do not use mainstream seNces and have statistically poorer menial health We now offer shorter lerm therapies and group sessions which may feel more user-friendly for people who have not previously used any fomi of mental health support. Funding from City Bridge and the Big Lottery supports the growth of these services which a expanding as trust builds with diverse communitses. We have seen increased engagement of 23¥0 from Black and Minority Ethnic communities, 17Qk from clients who define as disabled and 11% from clients who define as LGBTQ+ Our BAME seNice has been particularly successful, with 34 clients seen compared with a funding target of 20.
WIMBLEDON GUILD OF SOCIAL WELFARE (a company limited by guarantee) REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Grou Over the last year have continued to offer a range of support groups and psychotherapy groups, including Mindful Moments, Thursday Group and Group Psychotherapy. We also launcw a new group for people Lrving with Long Term Health Condilions This year groups were able to support 56 unique clients, a slight decrease in some groups from last year d( to long term ill health and treatment within the staff team. However. some group5 Outperfomed their tsrgets. with the Mindful Moments group seeiNJ 25 clients compared with a largel of 20. fsu During the year we closed our grief support seriice due to funding constraints arKI three staff members were made redundanl. Grief Support is now delivered as a component our other Talking Therapies Services Future Plans- falklng Thernpl•s Over the next year we plan to cMlinue building on our successes in delivering targeted services, aiming to secure additional funding, so we can provide more needed services to the Merton community We aim to continue to proVe a full therapy programme whilsl managing the impact of the office refurbishment and any temporary relocalion which may be required. ortln SeThices Peo le In Merton who are ex eriencln diffic slnllfe- unlt Our Wellbeing Support Team, within the Community Services Department, provides serViS for older people who are experiencing diffiCultS in life.. Short Temi Wellbeing Support - Internalty funded by V4fjmbledon Guitd, offerirKJ up to 12 weeks, support lor older adults less Complex needs Merton Uplift - Funded by South West London St Georges Mental Health Trust, offering practical help io older people receiving community mental health services from the Trust Continuous Support - Funded by Merton Council to support older people with longer term or recumng difficulties Community Hub - a joint helpline project with Age UK. funded by Merton Council Short lerm Wellbein 321 new referrals were received in the year, a 10% increase on 2023124. itself a 600/. increase on pre-covid years. l•le clearly saw the impact of the Cost-of-Living Crisis and focussed on income maximisation. The number and proportion of men acSsIng the seTvice is gradually increasing135'/0 compared with 33% last year) and we have also seen an increase in representation from BAME communities, from 24% to 33% over the last two years. During the year we saw a sharp increase in complex referrals for people with moderale to severe mental ill-health. This represents a long-teTm challenge for us as we explore how best to respo1 to this client group given th'r levels of clinical need.
WIMBLEDON GUILD OF SOCIAL WELFARE (a company limited by guarantee) REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Merton U Merton Uplift offers four veklY one-to-one wellbetng sessions to clients assessed by South Wesl London St. George's Mental Health Trust ISWLSTGI as experiencing mild- moderate mental trallh conditions. including depression and anxiety. It also delivers workshops promoting emotional wellbeing. Our Morden base is helping to grow the service, reaching people who have difficulty visiting Wimbledon Under the tems of the contracl. Ihe NHS provide all the referrals. Original NHS estimates were for higher client numbers but in Practi referrals have consistently averaged 60 per year. Con inuous S This service for older adults with long temi difficulties is largely funded by the London Borough of Merton. Each year we exceed the contracted target and in 2024125 159 Clients were supported, well above the contracted level of 119. Clients for this longer-temi service are vulnerable, with significant heallh conditions, neediry more regular intensive support than our Short-Term Wellbeing Team can offer. mmunit Hu The Hub was set up as a Covid Helpline and continues to be funded by Merton as a 'front door, to the local voluntary sector. It is delivered in partnership with Age UK Merton. We saw a slight reduction in our lotal Hub callers in the year. from around 1,700 lo around 1.600. pnmarily because call volume was shared MO equally between partners than in previous years. Calls are sometimes simple infomiation requests {41 %), but many require complex casework (59%) Over the last year calls have predominantly related to cost-of- living issues, induding requests for emergency food support and personal grants. Historically Wimbledon Guild has made individual hardship grants from its own resources. Pre-covid Ihis amounted to an average annual expenditure of £70k. Sin¢2 Covid and the subsequent Cost of Living Crisis, this programme has been supplemented by funding from the London Borough of Merton, via central government's Household Support Fund. In 2024125 we received and disbursed £193k in grants to 483 local people This is a lower number than the previous year {530 people) as purchase costs for the items grant applicants need (typically white goods and basic fvJrniture} have increased dramatically. Future Plans- Community S•Thlc•$ We envisage that demand for Community Services wll remain high over the next year. We will ensure that our service continues to be as a¢¢essible and as welcoming as possible. We will also continue to take a holislic approach all of our clients - often financial problems a linked to other problems- as an example. 44% of applicants identify as having a disability, with half of that lotal identsfying as living with a menlal health condilion.
WIMBLEDON GUILD OF SOCIAL WELFARE (a company limited by guarantee) REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Enable old eo le to be actlv• and health What we have achieved and how we have achleved It We offer a varied aThJ indusrve prograrnme of social and exercise activities each week via our Community Engagement Team. Around 60% of the sessions offer physical exercise at varying levels of intensity from seated yoga through to walking football and lennis. We have seen a 370A increase in parbrjpant numbers compared with last year a 60% increase on pre-pandemic levels. 981 parts'cipants engaged in actiVitS in the year. The Merton Moves project continues to play a significant part in supporting older people's access to physical actNity. Merton Public Health lunds one slaff member as the Merton Moves coach, encouraging older people to take a six-week pledge to attend exercise dasses of their choosing, at no cost. A total of 300 people have completed the programme Sin its inception in 2021 A high proportion of participants come from BAME communities (40Vo) compared with our other activities (24%). There is also higher representation from wards in the East of the Borwgh {32%) compared to our other activities124Qh), with numbers increased since last year. 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. Thi5 appears to have been due to local authority publicity. This demand means Ihat we have insufficient capacity in our classes to deliver the programme, and we now have a waiting list for the firsl time. We are reviewing how best to continue with this very popular programme whilst recognising the resourcirYJ limrtabon8. Create and sustain an envlmnment that su rts our misslon. Volunteers play a vital role in our serwce delivery and over the year we have averaged 130-140 volunteers at any one time although there is significant fluctuation wilhin and beeen years Volunteering in our café and our community garden are very popular but more isolated roles away from our base {e.g befriending vulnerable clients in their homes) are harder to fill. All volunteers have training, support aTrJ role descriptions and their contribution is rewnised through regular consultation groups and social events. We are seeing a gradual increase in volunteers Irom the East of the Borough since we opened our Morden base. particularly with exercise classes. Our Trustees (who are themselves volunteers) are very grateful for the huge contribution that volunteers make to the life of IAfjmbledon Guikl.
WIMBLEDON GUILD OF SOCIAL WELFARE (a company limited by guarantee) REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Flnanclal Revlew and Results for the yoar 2024125 The net operab'ng deficit for the year was £893,692 {2023r24.. £701,733 net deficit). Total income for the year of £2,438.819 (2023r24: £2.331.912) was up 4.6%. Grant income of £755.308 was up by £58,85618.5%) The main contribulor to this was the commencemenl of the 5 year Talkiry Therapies project funded by the Big Lottery fund 1£97.926). Our other sources of income continue to be rental income frorn the residential properties and investment income from our various portfolios. Rental income generated £621.740 (2023r24. £597,127), while investment income was down 7.74%, retuming £665.929 (2023r24.. £721,796). The lower investmenl income reflected the lower income distributions by CCLA compared to Cazenove. Wimbledon Guild and its investmenl managers operate total retum appfoach lo Investrnents. Trading activities generated £112.084. up by £28.321 (33.80A). This reflects higher income generated by our Golf Day fundraising event in July 2024. There were a higher number of activities at Guild House, Drake House and WG Morden. This resulted in income from our Community Services rising by 34.30 from £91,093 to £122.331. Income from our therapy sessions rose by 8.0% from £46,746 to £50,464. Expenditure for the year of £3.332,511 (2023124: £3,033.2551 was up 9.90k. Expenditure on charitable activities of £2,929,836 was up 10.4% and experKliture on raising funds of £402,675 was up 6.4•A. Staff costs of £2,017.714 were up 9 8% reflecting the cost-of-living increase awarded for the year (5%) plus the recruitment of new staff (see note 10). In order to support the charitable acbvitses ofwmbledon Guild, and with the approval of e Board, £1,570,000 was withdrawn from the portfolio managed by CazenovelCCLA made up of £932.733 from the expendable erKlowmenl and £637,237 of Investment income. The investmeni Portfolio valuation has fallen over ts last quarler of the year and produced an overall loss of £578,485 {2023r24.' £934,822 gain). We made gains on the revaluation of the Investrnent portfolio £555,C(10 (2023124 £55,757 loss on fixed assets written off). The performance of the investment portfolios are reported in more detail in the Investment Policies and Perfomiance sethon of the Report. Accordingly. the rÈt loss for the year was £917.177 {2023r24.' £177.722 net surplus) The financial posilion at 31 March 2025 conts'nues to be strong. with total net assets of £31.508,820, indudirrfJ free resenies of £505,987. Wimbledon Guild has considered the guidance set out by the Charity Commission. follows the Insts'tute of Fundraising's code of fundraising practice and is registered with the 10
WIMBLEDON GUILD OF SOCIAL WELFARE la company limited by guarantee) REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Fundraising Regulator. Ille have not received any complaints in spect of our fundraising praCtIS and our fundraising is managed in a way that is neither detnmental to Wimbledon Guild's reputation nor ts wellbeing of the people or parties involved. Immbledon Guild generated £106,224 of income from fundraising comprising £90.724 from individuals aTrJ £15,500 from legacies. The fundraising team also generated £57,428 from events. In considering the appropriateness of pParing the financial statements on a gOINJ Conrn basis the Trustees have taken account of all available infonnation about the future including considering informats'on from approved budgets, and from forecasts covering the next 3 years for income, expenditure, and cash-flows Given Wmbledon Guild's ability to access the Expendable Endowment funds to continue to support its charitable acbvits'es. The Trustees have concluded that 11 is entirely appropriale to prepare the financaal statements at 31 March 2025 on a going COnM basis. Tradlng Sub8ldlary mbledon Guild's trading subsidiary. Wmbledon Guild Promotions Limited. has been dormant Sin 1 Apnl 2016. 4. Prlnclpal Rlsks and Uncertalntles The Trustees have developed a rFsk framework that dearly differents'ates between the nature of risks the tharity faces. which are.. Corporate strategic risks, which impact v1mbledOn Guild's ability to deliver our stralegy. Operational risks. which are associated with identrfying potentially inadequate intemal practices, poliae5 and system5 that might result in a loss to the organisation., and Project risks, which are associated with specific, individual projects. Corporate Strategic risks are main I$ of Trustees, and these have been updaled during the year. As at 31 March 2025 the pnncipal strategi¢ risks currenuy facing the chanty, and the plans and strategies to manage risk, are: 11
WIMBLEDON GUILD OF SOCIAL V¥ELFARE (a company Ilmited by guarantee) REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Rlsk Plans and Str ies to man e rl3k Failure to refurbtsh Guik4 House rigorous financial scenario plannirvJ. apwoprialety qualified and expefienced external advisors. robjsl selection process for advisors d f conlradors. appropfiate skills mix in stsff team. development of appropriate procureffent processes. Sha febevanl information with individuals and organisalions lo ensure customer base Is maintained during nstruction period. effective PR and marketsng to 98nerate hxal support and understarKling for Ihe project. re¥W all Optn$ for maintainlng sepiices, induding communications and engagement activities and exploring opportunities fof delNering ser4ices in artemative l¢xal venues. adoption of Safeguarding best practice in terms of pol$. pr¢xedures and training f¢x all staff. volunteers and truslees. recrurtment of appropriatety skilled and professional staff and volunleers. )nlinuous training of new and existirvJ staff and volunleeTS. 18king apprO.ale professional advice and actin on it. ensuring re%)urcing levels are consislenl with ambilK)ns. ensure appropriate and timety internal and extemal training for all staff and volunteers. structured approach to workfory pnning. open, positive wthing relationships )sf(ive approach Io Probrn sofving. invest in hwh qualty IT hardwa and SOINVa lo support our services and even1% the of Lmjr swvices. Damage lo Wmbledon Guihj's rewtalion through the growing compkxity of our wo which pu15 us in conlad with vulnerable people who are experiencng difficutties in their lives. Loss or lack of skilled and motivated slaff and volunteer group lo deliver services because cl reliance on goodwill, expanding workload$. increasingty cleX and demanding casework. 12
WIMBLEDON GUILD OF SOCIAL WELFARE (a company Ilmitèd by guaranteo) REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 For full detsils of the charity's risk policy and risk management practices see page 16. Thls 1$ Ihe end of the charity's Strategic Report as requlred ty the Companle8 Act 2006. Financial Management Pollcles a) Reserves Wimbledon Guild had total funds of £31.5m at 31 March 2025, of which £15,6m were restricted. Of the unrestricted funds of £15.9m. £0.98m can only be realised by disposing of tangible fixed assets, and £14.4m can only be realised by disposing of Investment Properties. The Temaining £0.5m represents free reserves. Restncled Fund- Expendable Endowment In 2015116 the Trustees established a special trust ('Expendable Endowment.) which is administered by Wmbledon Guild as trustee. The trust is held as an endowment fund and the income from the trust I'special trust income'l and, al Wimbledon Guild's discretion, all or part of the capital is applied lor the furtheran of those aspects of the charitable objects of Wmbledon Guild which are Conrned with Ihe provision of welfare services and relief and prevents'on of poverty, relief and prevention of ill health and provision of charilable support to the elderly During 2024125 the trust generated special trust income of £637.159 {2023124'. £692.7071 In the year £781,937 (2023r24'. £542,533) of special trust income was used for Wmbledon Guild's chantable purposes. Al 31 March 2025, the expendable endowment was £15,389.(M)0 (2024.. £16.891,187). Reserves The Trustees have adopted a reserves policy which they consider appropriate to ensure the continued ability of I1MbledOn Guild to meet ils objectives Free reserves are defined as that part of Wmbledon Guild's funds that are freely available for its general purposes. An appropriale level of free reseples is required to maintain a level of readily realisable assets.. 13
WIMBLEDON GUILD OF SOCIAL WELFARE la company limited by guarantee) REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 to sustsin Wmbledon Guild's operations within the London Borough of Merton through penods of economic downtum and uncertainty for long enough lo take remedial acb'on. to develop new services or expand current ones in line with the changing needs of the community, whilst sUppO.ng existing clients and staff during periods of Change. to ensure that delays in the receipt of expected income do not interrupt services or cause senous financial difficults'es to survive unexpected setba¢ks and problems arising from intemal or extemal Causes. The Twstees have revwed the required level of free reserves. Expendable Endowment funds. the risk profile of Wimbledon Guild and its plans for the future. In considefing the minimum level of free reseries the Trustees have taken account of the quantum and accessibility of the Expendable Endornent fund and Wmbledon Guild's discretionary powers to draw capital down vthen required to fund certain of the charitable actsvitses of the charity. The trustees have determined that the minimum level of free reserves required to be held Is £0.5m which currently represents about 7.5 months of annual unrestricted expenditure. The Trustees will continue to drawdown capital from the Expendable Endowment Nvhen required to meet the operational needs of the charity. This situats'on will be reviewed on an ongoing basis. b) Investment Pollcies and Perfomianco Over the last 12 months to 31st March 2025, the investment portfolios have returned 0.4%. {2023124 - 10%) Fixed Asset Investments at 31 March 2025 were £16.1m {2023r24". £17.6m). Wimbledon Guild's total investment portfdio was managed by CCLA Investment Management I'CCLA'}. We changed inveslmenl managers during the year. Part of the CCLA portfolio is held as an Expendable Endowment fund (see Reserves section a(i)). The other investments are available to support the free reserves described in Reserves section a (li) above. The Board has given CCLA discrets'onary powers to manage the portlolio within its objectives. CCLA meet the Investment Committee Iwice each year to discu55 the portfolio and detennine future policy. The CCLA portfolio is managed on a total retum basis with the investment objective to provide funding for certain of Wimbledon Guikl's chanlable purposes while preserving the capital base in real terms. Speafically. the investment obJe¢ts'ves are. to seek a totsl retum of 4% plus Consumer pri Index per annum on a five- year rolling basis,. and 14
WIMBLEDON GUILD OF SOCIAL WELFARE (a company Ilmited by guarantee) REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 nvestments to provide funding for charitable purposes of 4% of the capital value per annum. The CCLA portfolio rose by 0.4% over the course of the year. Overall, the net realised and unrealised investment losses reported for the year were £578,03712023124. £934,022 gain). As reported in the Financial Review section of the Report, to support the charitable activities of Wimbledon Guild. and with the approval of the Board. £1,570,CM)J {2023r24.' £1.600,000) was withdrawn from t1 portfolio managed by CCL The management of the cash deposrts is delegated to Senior Management 1th1n approved limits. c) Investment Propertles The residential properties have been valued at 31 March 2025 at £14,375.000 (31 March 2024. £13,820,000) In undertaking the valuation. allowanr2 has been made for the tenancies in place. The valuations of the Investment Properties at 31 March 2025 were carried out by Carter Jonas, a propety consultancy firm. In ea¢h case the valuations were undertaken by members ol the Royal Institution of Chartered Surveyors {RICS) and were subsequenuy approved by RICS Registered Valuers. Property management continues to be outsourced to Bells Commeraal (Bells>, a local propety management company, and the Maintenan of the buildings is overseen by the Properties Committee. Structure, Governance and Manag•ment Vm'mbledon Guild is a Company Limited by Guarantee and a Reglstered Charity. The governing body ofwimbledon Guild is the Board of Trustees (the 'Board'), comprising nine members who meel at least four tsmes a year. Trustees are elected for three-year tems and are eligible to stand for re-elecli¢)n for further three-year terms up to a maximum of nine years, Thereafter, Twstees may be re-elected for additional one-year terms if 75% of the Board of Trustees present at a meets'ng of the Board have voted in favour of a Board iesolulion recommending their re*le¢lion. Each new Trustee is given an induclion programme, arKI all Trustees have Ihe opportunity to receive additional training. A register is kept of the interests and the identified skills of the Truslees. The main responsibilities of the Board are setting the strategy for Wmbledon Guild and monitoring its implementation, setting monitonng the budget, and exercising financial 15
WIMBLEt)ON GUILD OF SOCIAL WELFARE (a company limited by guarantee) REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 overview. Trustees and senior staff regularty meet to COnser areas of individual work in grealer delail. The Board has established fonnally constituted sub-committees, each with temis of referen and fvnctions delegated by the Board. The Chief ExecutNe Officer andlor Head of Finance and Resources attend all the subcommittee meetings, as do the appropriate Senior Managers. The Trustees delegate the day to day running of Wimbledon Guild to the Senior Management Team. Weekly operational meebngs are hekl by the Senior Management Team. The 8oard, vthere appropnate. uses the Charities Code's principles, rationale and key outcomes to evaluate the effectiveness of governance thin Wimbledon Guild. The Board regularly reviews its governance procedures. taking legal and consultant advi as appropriate and has also undergone training in Oiversity and Inclusion over the last financial year. Rlsk and Internal Control The Trustees have overall responsibility for ensuring that Wimbledon Guild has an adequate system of controls. financial and otherwise. They are also responsible for safeguarding the assets of Wmbledon Guild and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees must ensure that.. Wimbledon Guild's assets are safeguarded against unauthorised use or disposition. accurate records are maintained, and finanaal infonnatson used within Wimbledon Guilrj or for publication is reliable, and Wimbledon Guild complies with relevant laws and regulations. A corporate risk regisler is maintained. updated and reviewed regulady by the Trustees and management. As part of this process the Trustees acknowledge their responsibility for Wimbledon Guild's system of internal control and reviewng its effecthveness. It is also cognised by the Trustees that such a system is designed to manage rather than eliminate the risk of failure to achieve Wmbledon Guild's objectives and can only provide reasonable. not absolute, reassurance against material misstatement or loss. The Trustees have set policies on risk and intemal controls, which cover following.. the responsibility of management to implement the Trustees. policies and identify and evaluate risks for Iheir consideration on an ongoing basis. consideratson of the type of risks Wimbledon Guild faces. 16
WIMBLEDON GUILD OF SOCIAL WELFARE la company Ilmlted by guarantee) REPORT OF THE BOARD OF TRUSTEES AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 the level of risks whith Ihey regard as aCptable. the likelihood of the risks concemed materialising. mbledon Guild's ability to reduce the incidence arKI impact on the business of risks that do materialise. the St$ of operating particular controls relab've to the benefit obtained. arrangements for monitoring and reporting on risk and control matters of importance, together wrth details of correth've acts'on being undertaken. The Board has established a lomially consts'tuted sub<ommittee, the Finance and Risk Committee with terms of reference approved by the Board to ensure Wimbledon Guild is financially sound and prudent and appropriately managing risk. The Committee meets at least four limes a year and reports to the Board. Dunng the year the Trustees have received reports from the Chief Executive and Senior Managers relating to risk and control. These include an overall report on the status of the risk management process and the system of intemal control at the end of the year. The Charity Commission guidance for both risk and inlemal control was used in this process. The rep¢xts have satisfied Ihe Trustees that the above policies are being implemented. Areas of high risk are reviewed by the Trustees to ensure adequate mitigation of the risk. At the year end. Wimbledon Guild's system of internal conlrol was deemed adequate and effective and major risks propety addressed. Senlor Management Remuneratlon The Senior Management Team compnsed the Chief Execulive Officer, Head of Finance and Resources, Head of C¢ynmunity Services, Head of Talking Therapies and Head of Communications & Fundraising. The total salaries and benefits of the Senior Management team in the year were £400,437 (2023124.. £389.787). A member of the team has reduced their hours slightly. resultsng in a salary savirvJ. The senior management remuneration approach generally encompasses hvo main factors.. Internal job evaluation which tskes account of the distinct elements of the roles, as well as an internal comparison of roles at senior level.. and Exlernal pay benchmarking based on market factors. I senior staff receive regular. structured feedback from the Chief Execub've about how they have contnbuted to Wmbledon Guild's strategy. and any personal development areas they may have. 17
WIMBLEDON GUILD OF SOCIAL WELFARE la company limited by guarantee) STATEMENT OF TRUSTEES, RESPONSIBIUTIES The Trustees are responsible for preparing the Trustees, report and the financtal statements in accordan with applicable law and regulations. Company law requires the Trustees to prepare financial statements for each finanaal 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 company and of the Incoming resources and applicab'on of resources, including the income and expenditure, of the charitable company for that period. In preparing these ffinancial statemenls. the Trustees are required to.. select suitable accounting pdicies and then appty them consistenuy. observe the meth¢xls and principles In the CharItS SORP. make judgments ests'mates thal are reasonable aThJ prudent. slate whether applicable UK accounting stsndards have been followed, subject to any material departures disclosed and explained in the financial ststements., and prepare the financial ststemenls on the going concem basis unless it is inappropriate to presume that the charilable company will Continue in business. The Trustees are sponsible for keeping adequate accounkn'ng records that are sufficient to show and explain the charitable company's transactions, di5cl¢)se wth reasonable accuracy al any time the financial position of the charilable company and enable them to ensure that the financial statements comply with the Companies Act 2006 and Ihe provisions of the chanty's constiluts'on. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the pventIon and deteclion of fraud and other irregularities STATEMENT OF DISCLOSURES TO THE AUDITORS So far as Ihe Truslees are aware. there is no relevant aLKlit infomatson (as defined by Section 418 of Ihe Companies Act 2006) of which Wmbledon Guild's auditor5 are unaware, and each Trustee has taken all the steps that they ought lo have taken as a Trustee in order to make them aware of any audit informats'on and to establish that Wimbledon Guild's auditors are aware of that infomiation. AUDITORS Crowe U.K. LLP has expressed its willingness lo 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 28 July 2025 and are signed as authorised on its behalf by: Susan Cooke - Chaimian Sandy Pfeifer -Treasurer 28 July 2025 18
WIMBLEDON GUILD OF SOCIAL WELFARE (a company Ilmited by guarantee) Independent Audftorfs Report lo Ihe Members of Wimbledon Guild of Soclal Welfare Opinlon We have audited Ihe financial ststements of Wmbledon Guild of Social Welfare {'the charitable company'l for the year ended 31 March 2025 which comprise the Statement of Finanaal Activities, Balance Sheet. Statement of Cash Flows. and notes to the financial statements, including significant accountiffj poliaes. The finanal reporting framework that has been applied in their preparabon is applicable law and United Kingdom Accounting Standards. including Financial Reportjng Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Iland (United Kingdom Generally Accepted Accounting Prathce). In our opinion ihe financial statements.. give a true and fair view of state of the charitable company's affairs as of 31 March 2025 and of its income and expenditure. for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordance the requirements of the Companies Act 2006. Basis for oplnlon We conducted our audit in accordance WFth Intemab'onal Standards on Auditing (UK) (ISAS (UK)) and applicable law Our responsibilits'es under those standards are further described in the Auditor's responsibilities for the audit of Ihe financial ststements section of our report. We are independent of the charitable company in accordan wth the ethical requirements that a relevant to our audit of the financial slalements In the UK, including the FRC'S Ethical StaNlard, and we have lulfilled our olher ethical responsibilities in accordance with these requirements. We believe that the audit ebidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Concluslon3 relallng to golng concern. In auditing the financial statements, we have conduded that the trustees. use of the going conrn basis of accounth'ng in the preparation of the financial slalemenls is appropriate. Based on the work we have perfomed. we have not idents'fied any material uncertaints'es relating to events or conditions that, indivvjually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concem for a period of al least elve months from when the financial slalements are authorised for issue. Our responsibilits'es and the SponSIbl11eS of the trustees with SpeCt to going concern are described in the revant seth'ons of ihis report. Other Infomiation The tru$lees are responsible lor the other inf¢xmation contained within the annual report. The other infomation comprises the infonnabon included in Ihe annual report. other than the financial statemenls and our auditorfs report thereon. Our opinion on the financial slatements does not cover the other informatlon and, except to the extent otherwise explicitly stated in our pOrt, do not express any form of assurance condusion thereon. Our responsibility is to read Ihe other infomialion and. in doing so, consider Ythether the other information Is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwse appears to be materially misstated. If we identify such matenal in¢onsislen¢ies or apparent material misstatements. we are required to determine 19
WIMBLEDON GUILD OF SOCIAL WELFARE (a company limited by guarantee) Independent Audltor'$ Report to the Members of Wimbledon Guild of Social Welfare 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 misstatement of this other information, we are required to report that fact. We have nothing to report In this regard. Oplnlons on othor matters prescribed by th8 Companle5 Act 2006 In our opinion based on the work undertaken in Ihe course of our audit the infomiation given in the trustees. report, which indudes the directors. report and the strategic report prepared for Ihe purposes of company law, for the financial year for which the financial stalements are prepared is consistent with the financial statements; and Ihe strategic report and the directors, report induded within the trustees, report have been prepared in accordance with applicable legal requirements. Malters on which we are required lo report by exceptlon. In lighl of the knowledge and underslarKling of the charitable company and their environment obtained in the coutse of the audit. we have not identified material misstatements in the strategic report or the directors, report included within the trustees, report. We have nothing to report in respect of the following matters in relats'on to which the Companies Act 2006 requires us to report to you if. in our opinK>n: adequate and proper accounb'ng records have not been kept; or the financial statements are not in agreeThnt with the accounting records and returns: or certain disclosures of trustees, remuneration specified by law are not made,, or we have not received all the inf0mtIOn and explanations we require for our audit Responsibllltles of trustees As explained more fully in the trustees, responsibilities statement set out on page 18 the trustees (who are also the directors ol the chafitable company for the purposes of Company law) are responsible for the preparation of the finanaal statements and for being satisfied that they give a true and fair view. and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from malerial misststement, whether due lo fraud or error. In preparing ts financial statements. the trustees are reskKsnsible for assessing the charitable company's ability to continue as a going concem, disclosing, as applicable. matters relaled to going concern and using the going concem basis of accounting unless the trustees either inlend to liquidate the charitabbe company or to cease operats'ons, or have no aliStiC altemative but to do so. Audltorfs re$pon$lbllllies for the audit of the financial statements Our objects'ves are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assuran but is not a guarantee that an audit conducted in ar£Ordan with ISAS (UK) will always detect a material misststement when it exists. Misstatemenls can arise from 20
WIMBLEDON GUILD OF SOCIAL WELFARE (a company limited by guarantee Independent Audllorfs Report to Ihe Members of Wimbledon Guild of Soclal Welfare fraud or error and are considered matenal if, individually or in aggregate, they could reasonably be expected to Influen 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 delects'ng irregularits-es, including fraud and non-complian with laws and regulations are set out below. A further descnpts'on of our responsibilibes for the audit of the financial statements is lotsted on the Financial Reports-ng Coun1.5 website at= www.frc.or ,ukJauditorsres Onsi.11tie$. This descripts'on forms part of our auditor's pOrt. The extent to which th• audit wa8 consldered capable of detecting Irregularities, includlng fraud. Irregularities. including fraud. are instances of non4ompliance 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 these been our audit team members. We then designed and performed audit Pfocedures responsive to those risks, including. obtaining audit evidence SUffent and appropriate to provide a basis for our opinion. We obtained an understanding of the legal and regulatory frameworks wilhin which the charitable company operates, focusing on those laws and regulatsons that have a direct effect on the delerminatj'on of matenal amounls and disdosures in the financial statements. The laws and regulations we considered in this context were the Companie8 Act 2CQ6 and the Chanties Act 2011 together with the Charities SORP (FRS 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 conSided provisions of other laws and regulations that do not have a direct effect on the financial statements but Complian with which might be fvndamental to the charitable company's ability lo opefate or to avoid a material penalty. We also considered the opportunib'es and incenbves 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 Protedion Regulabon, Employment Law arMJ Health and Safety legislations Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulalions to enquiry of the Trustees and other management and inspecb'on of regulatory and legal correspondence. if any. We identified the greatest risk of material impact on the finanaal statements from irregulanties, including fraud, to be within the recognib'on of grant income aThJ the override of controls by management. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample lestrng on Ihe posting of journals, revTrewing accounting estimates for biases, reviewing regulatory correspondence wth the Chanty Commission, and adIng minutes of meetings of those charged with govemance. Owing to the inherent limitab'ons of an audit, there is an unavoKlable risk that we may not have detected some material misstatements in financial ststements, even thgh we have properly planned and performed our audit in accordants with auditing standards. Fc example, the further removed non-complian with laws and regulab'ons (irregularitbes) is 21
WIMBLEDON GUILD OF SOCIAL WELFARE (a company limited by guarantee) Independent Audltorfs Report lo the Mefflbers of Wimbledon Guild of Soclal Welfare from the events and transactions reflected in the financial ststements. 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 non-detection of irregularities, as these may involve collusion, forgery. intentsonal omissions, misrepresentations, or the override of internal controls. We are not responsible for pventIng non-complian and cannot be expected to detect non-compliance wrth all laws and regulats'ons. Use of our rnport This report is made solely for the charitsble company s members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2CI)6. Our audit work has been undertaken so that we might state lo the charitable company's members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not arxept or assume responsibility to anyone other Ihan the charitable Company and the charitable company's members as a body, for our audit work. for this report, or for the opinions we have formed. Jayne Rowe Senior Statutory Auditor For and on behalf of Crowe U.K. LLP Statutory Auditor London Dale.. 28 July 2025 22
WIMBLEDON GUILD OF SOCIAL WELFARE (a company limited by guarantee) STATEMENT OF FINANCIAL ACTfviTIES FOR THE YEAR ENDED 31 IIARCH 2025 Iln¢orpornting an In¢¢)m• and Exp•ndltur• IoUnt) R••trkt•d Unrestrbct•d Incom• Endowm•nl Fund Funds Funds Total 2026 Tot81 2024 Mot•• Income from: ckn1a1n$ and legaci8$ Charriable actNlties Olh8r trading a¢bvit$ Investnnts Olher Tol•l In¢om• 1[.224 794.134 760.448 112,082 28,770 106,224 1,554.582 112.082 665,929 90.685 1.435.688 83.763 721.798 637,159 932.733 1,041,210 2 330,340 19 .733 32.733 2.438,817 2,331.912 Expendltur• on". Raisin9 ftjnds Ch8rilable actrvib.os Total •xp•ndltur• 387,783 410.803 2.519.231 798.386 2.519.231 14.892 402,676 2.929.834 3 332,509 378.538 2.654.717 3.033.255 14,892 Opernttng D•ficlt 242.824 7.625 893 692 Nel lfv)ssegllwns on investntS Gainllbssl on re¥aluati¢)n and sale ol Inveslmtrnl Propeth'•$ Transfèrs Il•t l•xp•ndltur•ylncom• 14 123,W231 (S54.5621 1678,41151 934,822 555,0 5S5.000 155.7571 188.891 1.502,187 917 177 177.722 R•¢onclllatlon of fund• Total funds broughl lorwgrd 19 15.246,581 288.229 16.891,187 32,425.917 32,248,275 Tol•l funds carrl•d forn•rd 19 16.020.482 99 338 15,389,C#XI 31 SQ•,820 32.425 997 TOTAL RECOGNISED SURPLUS AND DEFICITS The corry)any has rK> recogn¢¢d Surpluses or d¢fA$ ollw than thè defil slThin •bm. FLV Ihe purposes of the Co[nieS lirKonl ol1£917. 177112024".£177,7221 is lotal incot 01 £2.438,81912024". ££2.331,912}. mnu5 lo1 eynddure of £3,332.511 (2024". £3.033,2561 ,plus n1 toss on inveslmnts of £578,485 whth indudes £449 for fi>d assels wwrtten off12024". £984,822 gain) and gain on rava81 P(ope of £555.fXKJ {2024- W,75710881. The notes ge5 28 to 43 ltym these finaroal slatwbwnts. 23
WIMBLEDON GUILD OF SOCIAL WELFARE (a company limited by guarantee) BALANCE SHEET (Company Numb•r 3833301 AS AT 31 IIARCH 2025 2025 2025 2024 2024 FIXED ASSETS Tangible assets InvestnnI Prwties InvestThnts TOTAL FIXED ASSET8 12 13 14 978.81 S 14.375,000 16.118.535 31,472,350 922,683 13.820.000 17.616,718 32,359,401 CURRENT ASSETS Deblcrs Cash al bank and in hond 15 251.667 88,155 203,894 51,893 TOTAL CURRENT ASSETS 339.822 255,787 LIABILITIES Creditors - affK*unls falling due within one year 17 189 191 NET CURRENT ASSETS 38.470 66,596 TOTAL NET ASSETS 20 32.425,997 The lundi ofth• ch•rlty: Restri¢t•d fund• EndowThnt funds Rtricted incorrn fund8 15.389,000 99.338 16.891,187 288.229 15,488.338 17.179.418 Unrn•trlct•d fund• Free Reserves InveslnEnl ProFerties Rer¥e Fixed Asset Reserves 666,667 14.375,000 978.815 503.898 13,820.0 922.683 16.020,482 15.246,581 TOTAL FUNOS. 19 32.425,997 pprov by the Board of Tru8toe8 on 28 Juty 2025 Mrs S Co)ke - ChairThgn S Pleiler- Treasumr Coffpany No. 383330 The twles on pages 26 10 43 fomi part of these financial stalernnts. 24
WIMBLEDON GUILD OF SOCIAL WELFARE la company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 Not•s 2025 2025 2024 2024 Cash flows from operatlng activltlea Net Cash used in operating actiwlies 21 11N27,452) 11,554,506) Cash flows Irom Inv•stlng actlvltles- Dividends and inleresl Irom investnEnts Incon and capitsl withdrawals from investnnIS Net Purchase ol tangibie fixed assets Net cash provided by invesli activities 665.929 721.099 904.071 286 8T8.1 1,463,714 1.536,998 Change In cash and ¢8h equlvalents In the reportlng Pe0d 36,262 (17.5081 Cash and ca$h equlv•l•nts at the b•glnnlng of th• r•portlng perfod 51,893 69,401 C•sh and ¢•sh wulv•lents at the end of the rnportlng perh 88.155 51,893 25
WIMBLEDON GUILD OF SOCIAL WELFARE {a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1. AccouKfiNG POLICIES mbledon Guild of Social Welfare is a charity {rg3LstratN)n number 200424} and a company limited by guarantee inrporated in the Untted Kingdom (company number 83271311. 11 Is governed by its Memorandum and ArtleS of AsS(tOt1 inX81ed 15 Oct¢)ber 1943 as amended by speaal resolution al 6 October 2009. (al Basss of Preparation The linanual slalements of the charity, whth is a pubk benefft enlty under FRS 102, have be8n prepa under the historical cost convenlh)n as r)dd by the inclusion ol inVesthnIS al mafket value and Investment Properties al Fair Value. and in accordan with Accounling and Reporting by Charrties.. Statement of Recommended Pract applicab lo charities preparing iheir accounts in accordance with the Financial Reporting Stsndard applKable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 201 S}- (CharrtS SORP IFRS 102)). the Financial Reporting Standard applicable in t1 UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Company informalion is provMJed I Page 44 {b) Golng concern After making enquires. the Truslees have a reasonable expectation that the charty has adequate Tesources lo continue ils activities for the loreseeabSe luture. AcGordingty, they continue to adopt the going concern basis in prepanng the financial statements as outlined in the StatenI of Trusteès Responsibilities on page 18. Ic) Accountlng Estlrnates and Judgemènts PreparalK)n of the finanrjal slalemenls requires managemenl lo make slgnificanl judgèments and eslimales. The items in the finanual slalemenls where these judgements and eslimales have been made include the following.. In determining the Fair Value of Inveslffenl Properties. assumptions are made about uncertain future events on those assets at the bakirKe sheet date. Assumptions used are based on historical experience and exFXtalion of future events and are upjated with new information. The effects and risks of estimation uncertainty have been assessed by apptying appr¢)priale sensrtNily analysis to Ilex key assumptions, such as Rents and Open Market Values, ano identify how robust the mcwjel oulpuls a in practice. The conclus#)n of the sensitivity anatysis is that there would need to b8 an extreme movement in Market Values f there lo be a mater1 impact on the valuation of the portfolio. and there is no ewdence Ihal this ha5 happened since the reporting dale. The Trustees are satisfied that the Fair Value valUatn at 31 st March 2025 is materialty aLrat8. (dl Income Income is recognised where the charity has en11tment lo funds. il is probable that the ino)me will be received, and the amounl can be measured reliabty. Grant Income is recognised where the charty has enlltlement to the funds, any perfomwnce conditions attached lo the grants have been met. it 6 probabl8 that the income will be received. and the amount can be measured reliabty. Legacies are recognised on the earlier ol the dale when amounts are receNed or when the chwty has been notified of the execulo¢s inlent*)n to make a distribution. The sale of meals. shop sales. donalwjns and other voluntary sources are deatt wth on a cash basis. Donated goods received for re.sa are COgnised at point of sale. Investments compnse Inte$1 and dmdends whth are recognised vhten receivab. Gifts in kind include donated goods and servKe$. These contributions a induded in the financial statements at 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 gcthls or servKes of equivasent economic benefil on the on market: a correspoThJing arrnI is then recognised in expendUre in Ihe pefiod of receipt. (el Expenditure Expenditure is recognised once thefe is a legal or constnKlrrfe OblalKIn to make a payment lo a third paty, il is probable thal settlement will be required. and Ihe amount of the obligat¢on can be asured reliably. Expenditure is Cffied under the follow'ng headings.. 26
WIMBLEDON GUILD OF SOCIAL WELFARE la company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 - Expenditure on charitable activrties whKh are Inrred dty in luifilling the (arWs objectives; Expenditure incurred in raising funds. Support costs, including itrecoverable VAT, are allocated to these expendilure he&Jings based on square footage lor wemises costs, tim8 for salaries and related expwses and appioximale usage for other expenses. lfj Voluntary help A significant amount of kn'me is expeTrJed on the c¢mpany's athities whth 18 donaled Iree of charge,11 is not possible to quanlfy the value of tim given and accmlwty il is neither recorded as donated income nor as an expense in the finano.al slatements. (gl Tanglble flxed assets Items are caprtalised when the total cost mathet value of the wh)be prwt exceeds £5,(NJl. Depreciation is provided on all fixed assets, including freehold land. and are deprected over thelr useful economic lives on a StravJht-.ne basis as folk)ws.' - Asset Category Annual Rate Freehold land and buikjings 2% on cosl or ¥aallOn Motor vehicles 20% on cosl Fumilure and equipment 10% on r¥)sl Computer equipment 33% on 0781 (h) Investments Inveslnn15 are Slated at market ¥8. The ine(The arislng on the Investments is shown under Investments in the Slatemenl ol Financial AclNrts. Gains and losses t)n inveslmnl assets disrd of are shown as Nèt ga8 losses on Investments in the Slatemenl ol Financial Ad1vit$. Gains and losses on inveslment assets held al the yearrrfJ are unrealised and are also 8h(y41ffl as Nel gains and losses on inves1tnIS in the Stalemenl of Financd AGli¥ils. (11 Inve8trnent Propertl Investment Properties are properties hek11o earn rentals and for caprtal appreciation and are slated al Fair Value al the balance sheel dale. Gains orlosses artn9 from changes in the Fair Valuè of Investment Properties are included in Slalemenl of Financ1 Activit$ for the in whth they arise. Ul Cash at bank and In hand Cash al bank and in hand includes cash and shcffl-lenn inv8strnenls with a short malurity of three months or less from thè dale of acquisition or op8ning of the deposrt" or Milar account. (k) Flnancial Instrumènts The Company only has financial assets and liabilrts of a kind that qualifies as basic financial inslrumenls. Basic finanoal inslnjments are inilialty reCOgnd al transactKin value, and subsequently nEasured al settlennt Value. (11 Stocks No account is taken of the of fc and provisM)n$ at the year-end as this is considered to be immaterial. {m) Penslon Costs and other post4etirement beneflts The charity operales a defined contribution pension scheme. contributn5 payable to The Guild's pension scheme are charged lo the Slalement of Financ1 AclNities in the peri(xJ to which they relate. Inl Lease commllments 27
WIMBLEDON GUILD OF SOCIAL WELFARE (a company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Rentals paid under operaling leases are charged to Stsiement of Financial Activities on a slraight-line basis over the term of the aSe. (o) Fund Accounting Unrestricted funds comprise those ftnies whxth may be used t(Mrards nEekn"ng the charitablg objectives of the chanty al the discretion of the Trustees. Designated funds are monies sel aside out ol unrestricted ffU arml desfjnated for specl Pufposes by the Trustees. Reslricled funds are monies received aThJ their u88 feslrKted lo a specific purpose, or donations subject lo d¢)nor-imposed condrtions. Expendable Endowment relates lo funds held on trust to be retained f(K the benefit of the Charity as a capital fund. It is distinguishable from Un$trled funds in Ihal Ihere is no requirement lo spend the funds until the Charity Trusl88s decide lo. 28
MBLEDON GUILD OF SOCIAL WELFARE la company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2. DONATIONS AND LEGACIES Unr•8trictsdle8trict•d Total Funds Funds 2025 Totsl 2024 Legacy inco Donations and covonants 15.500 15.500 90,724 106,224 4,658 86,027 90.685 Unr•8trlcted Unrestricted Funds Funds 2025 2024 3. OTHER TRADING ACTIVITIES Rental Inco Orake House Fundraising events 31,369 23.285 57,428 112 082 35.297 21.126 27.340 83.763 4. INVESTMENT INCOME Unr••trlct•di•8tricted Total Fund$ Funds 2025 Total 2024 Bank and Building Society a¢¢ounts Dividends receivable from in the UK Dividends receivable from outside the UK 815 3,533 79,964 24,622 557.195 28 770 637.159 616 83.497 581,817 665 929 899 40.379 680.719 721,797 . CHARITABLE ACTIVITIES Unr•8tricts¢llestri¢t•d Totsl Funds Funds 2025 Total 2024 Income CorThnunily Servios Talking Thèrapies Housing Rents Oiher 117.191 50.464 621.740 5,140 122,331 50,464 621.740 4,739 799 274 91,093 46.746 597,127 4.250 739.216 29
WIM8LEDON GUILD OF SOCIAL WELFARE (a Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 5. CHARITABLE ACTNMES Iconfd) Unr•strietediestri¢ted Total Fund8 Funds 2025 Total 2024 Grants London Borough of Merton South Wesl London & si George's Tru¥t eUK -ComrNnty Hub Merton Clinical Coffrnssioning Group e UK Merton The Wrrtjledon F¢)undalton The Doughty Fanwly Fgundalion The Peacock charitab Trust The LC Taussig Charrtable Trust LBM Mertom Mo The Big Lottery MUe81 Moves Incoffe Crty Bridge Foundation Eceryone Health Ltd Munro NHS- ICSIICB Other 326,653 88,660 98,538 12,500 9.300 326,653 88.660 98,538 12.%)0 9,300 313.017 87,813 95,205 25,000 9.300 8,453 5,000 10,000 4,000 29,750 34.87$ 97.926 8.116 10.734 34,875 97,926 8,116 10,734 32,202 6,162 1.000 67,006 67,006 68,687 755.308 696,452 Total Ch•rltabl• Actlvlthl 794 134 760 1 $54 582 1,435,668 Dir•ct Colts Support Co•ts INots 8 Totsl 2025 Totsl 2024 6. EXPENDITURE ON RAISING FUNOS Charity Shop Costs of Fundraising Investment Managerrnnl Fees Drake Hou Other IlnvestbThnt & Marketing) 2,370 180,993 48,991 79,464 66,720 378,538 136.950 64,110 10,843 28.618 53,299 32,714 201.060 39,481 86.013 262 154 140.521 402.675 Dlrect Costs Support cts (Noto 8) Totsl 2025 Total 2024 7. EXPENDITURE ON CHARITABLE ACTIVITIES Cofrnwnty Ser4ices Talking Therap*s Housing Social Work linduding Grief Support SeN Other 786.093 306.034 1,092.127 1,025.327 516.929 165,055 681,984 839,659 212.816 83,893 296.709 235.514 469.387 137,510 606.897 591,672 252.117 252.117 162.545 2.237,342 692 492 2 929 834 2.654.717 30
WIMBLEDQN GUILD OF SOCIAL WELFARE (a company limited by guaranloe) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 SUPPORT COSTS BY ACTIVITY (Noles 6 and 71 Stsff Gov•m•n¢e 11 Co•ts Co•ts oiri C¢xts Facilitle cts 202$ Total 2024 Total Conmjnily s&e 164.979 Talking Therapies 54,502 Housing 33. Social Wo 76.308 329.351 26.954 9.093 16.718 11.410 84.175 25,638 28.107 22.567 308,034 185.055 83.893 137.510 692.492 296.217 136,731 79,C65 121.636 633,649 73.353 40.948 213.810 85.156 Rsing I$ 18.908 230. 2,401 87.557 140,$20 131,761 765,410 412,129 102 530 Expenditure on SUFVOrt co$t$ ar• albcated lo èyndilure Chanlablè activie$ aThJ eyrlthlure on raising lund5 based squartt loolag8 for wefftses ¢osl$, esbmléd spent for salaries and reLqlod expenses and 8pprOMnle usage lor olher elp•n6. La yts lugures have bèen rnnde(1 due lo change ol nwhodc4ogy CAXt alocal1 NET IEXPENDITUREV INCOME FOR THE YEAR This 15 $181ed after dwg#YJ'. 2028 2024 OperaiiThJ leases Depreaation Ise¢ note 121 4Jdilor'$ r¢rrnJn8ralion.' Audit fee5 12,775 73,694 46.516 55,844 17.050 17,OC 10. STAFF COSTS Staff co8ts duftng the wwe as folkn¥s'. 2025 2024 Wages and salar Social se¢x4ri1y cosls Pensions 1,768.051 150,597 99,066 1.7.334 137.872 92,431 2,017 714 1837 637 Statutory r8dundancy o)sN were £47,803 12024-£27.744) Thè avewo rronthly heade w88 54 slaff12U250 ¥laff) avKI Ihe averagè nuffljer of lulkts.we equivalent staff 8nalyged by function was',- 2020 No. 32 2(r24 No. 31 Direct chaiilalAe Ra1$4ng Funds Governance aThJ SupFrf)rt 43 41 31
WIMBLEDON GUILD OF SOCIAL WELFARE (a company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 The onwoyees vtho had eftK)hJTrs. eAYuth"ng nSIOn ctyrtrlIs, ey£e&Jing £eo,cxxi In the year weie.- 2025 No. 2024 No. £50.1 to £60,OCO £60.LKt1 to £70.0 É70.TrJ1-£80,C¥JO £90.1 to £100,DXI The charily Iwstees wer• not paid or recebwd Lher benefits from enWoyI with the ¢h8dty or Ils 8ubstdiary in the year12024- £niD, nerther were IW nlIsed eypense$ dLtring the yeai (2024. £nill. No charrty trusleo fOC¢Ned p4yffwl Icrf othw serbic4s wpplrtd to Ihe dlIty (202 £nill. The key managefflent pernonnel of the charity cNry¥ise the Chlef Exparti Officer. Head of Financ nd Resources, Head ol Talking Ther8F4'es, Head of Cwnwnity Se$ and Head ol CCfflnwnI1cI & Fundr•i$ing. he total enyloyee beneffts of Ihe key pernonnd rAth8 were £400,43712024 . £389.7871. 11. RELATED PARTY TRANSAcnoNS Since 1983, rned Guild has been t Twsiee oltho v4lnknl9d¢ Rèsettlewl Fund (WRF). Charity registered with the Chgrrty CorT¥ri3gion (Chonty No.2345751, wlich wovKJes gran1$ for nn and wOn and their dependants rdenl in the London Borough ol Merton with a connectlon lo war-ti 5erwce3 The Guikj is {esponble lor &iNnislenng JThJ rnana9g the affairs ol MF. Durbng 2024r25 the fyjild paid grants of £1,850 I2024.£9.5291 and legal fee• of £4,70412024 -Ni11L b•half of l•fflF. and the b8lanc• dw io thtr Gu0 from WRF al 31 Mch was £7.10S12024-£15.415). 32
WIMBLEDON GUILD OF SOCIAL WELFARE la company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. TANG18LE RXED ASSETS Land Planl and and Bulldlngs Equipment Motor Vehlcle¥J Tolal Costfvaluatlon Al 1 Ppril 2024 dillons Wnte offs 1,164,250 54.914 511.963 32.285 {3.988) 20.000 43,075 (20.fXIO) 1,696.213 130.274 {23.9881 As at 31 March 2025 1.219.164 540,260 43,075 1802 499 Accumulat•d D•preclallon At 1 hpnl 2024 Charge for the year Write olts As at 31 March 2025 448,441 20,141 305.090 52,835 3.541 354,384 20,000 718 20,OIXI 718 773.531 73.694 23.541 Nal Book Valu•• As al 31 March 2025 750,582 185,876 42,357 978 815 6 0131 Mwch 2024 715.809 922 682 The niyed use proFerties owned by the Guikj and prewousty accounted ftK vmhin tangible fixed assels were reclassified as Invesltrent Properties in 2020 {see note 131 AJI of the land and IlIdIngS are fhoka [w.e$. Dewecialion is taken on Ihe cost1v*atK of Ihe freehold builth'ngs Imthout a CQfTplete valuation il 1$ not possib to separate the cost of the land and the Board ol Trustees COnder that Ihe depreciation Charged of 2% per annum on the total cost is reasonable. The lte off {£55,7671 relates to the Mitcham Shop which was disposed of in the prewous fmncl yew. 2025 2024 Anatysis ol costs and Vaon of la)d and build1r, Hisloncal cost 1,208,476 1,208,476 1208A76 1,208,476 33
WIMBLEDON GUILD OF SOCIAL WELFARE
la company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
13. INVESThIENT PROPERTIES
The loss on disposal 01 £55,757 shown on th8 SOFA relales tt> thg wiite off of assets linked lo Ihe
Milcham
Valut 0101 April 2024
Disposal
Residual V¥lue
Gain on Dispo$81
RevalualK
Value ai 31 March 2025
I3.820,}
14.375.C•y)
The GLrild has a TIdential proFrty portldio based the IAlftt4edon area. The portlolio is of rrixed use
¥nd has previously be tr&alod as laftd buik"ng$ thIn t•wble fixed assets. Follorg the Financial
ReportiThJ Council's trnn18[ rethew pUtShed in Decents 2017 the Twstees de1errrin in 2020 Ihal
the redenl properties. along Y1h wvJle relail stswld be dassified a$ knve$iftnl Propert+81.
The valualions ol the hvestnnl Properii•s al 31 M8fth 2025 were camed oul by Carler Jona$,
property consultarKy firn. ¥alualicrf) ol the Guild's reSwJenl prOrtIeS wer• undertaken ty
rfftrrt)er8 of the Roy h$littAn ol Chartere<l Sur¥gyors IRCS} Valuat$ •pwoved by RCS
Regislere
WIMBLEDON GUILD OF SOCIAL WELFARE (a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. DE8TORS 2025 2024 Trade O¢btors Other Debtor5 xvued knco PTepaynnts 10.333 SS.618 11.035 104.683 251667 15.759 66,C(12 65,179 56.955 203,895 16. CASH 2025 2024 Cash haThl and al 51,893 17. CREOITORS . amounts l•lllng du• wlthln on• y•ar 2025 2024 Trade CTeditor8 Other Creditc48 nials and d¢f•rred (Me bek) 141.47S 10.314 101.563 303.352 28,271 66,222 94.&9B 189.191 DefeTh•d hcomè 2025 BalarKe at 1 W 2024 knnt feleasod lo incoff a•med thw8tile 8nd olher Ir•ding thibes knvjnt delèrred in the yè8r Balance a131 March 2025 46,090 14S,0901 Delerred income of £86.598 conslsls of ltrJ¢el sales £l,Cth) for Ihe BrM1ge Event (May 20261. received In ¥dvance. £42.598 in relatKsn to grants1£18.875 . MLwes, £7,3 STring & Acohd Awarenes$ ¥nd £16.423 In rela1K lo the COnbTrtr d411$(£23.0W. 18. FIIIANCIAL INSTRUNTS 2026 2(r24 {Rest8ted) Finanaal assets ma5¢Jred al c¢8t Financial li¥ly"litses nwasured al co 257.105 101789 340.978 94.493 Finanaal 8$sets inchJd Oeblor5. and casltsin.hand a1 d8p)w'i. Fwwoal ts#'litses Ude irade and olh8t cr8dilors. 35
WIMBLEDON GUILD OF SOCIAL WELFARE (a company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. FUNDS Not Incomlng ReTC¢S Inv'rnnt M¥ourceg expended gn'lllog'9) Prop'• R•v'n 88lance¥ 31 M•rch 2026 412 1 Apdl 2024 Trf•v¥ Endowmèt Expendabl• EndOwnnI Property Fundi Portfol Tolal En¢Jownnts 16,891.187 R•¥tiieted Incom• Fund• Welfare Fund S8.394 Crown P•f•de. Ics 18,891.187 117.079,8341 {14.8921 203,539 15 389.(KlJ 15.389.&X) 932.733 14.892 220,895 <2272131 52,07e 11,836 {11.638) Merton CNIC Pridtr -Welbeing Support Taing Therap8 Is) ssTG Mtrton Upllft -Welb¢ln9 Support The Mfrrton COVD-19 ConTrinity response Hub Imnler. Wami & Wll Gf4nl Musk81 Moveftnl LBM - Talking Theropi•8 Befrndlng IESI Support for UkraM)e City Bndg• Founda'on Merton mOS NHS Merton CCG (Grl Supporti The Wn*ledon Fovndalion The Pe8ck Chaiiiable Trust Munro Expendablg EndOwent ¢Wal dislribution Speual Trusl IncoTr ICCLNC¥zenove> 49,431 149.431} 9,076 (9.078) {88.W)8) 18,423 98.538 14,052 $5,198 155.0741 14,776 8.116 16.9ni 3.739 97,928 S8.475 183.4421 156.130) 25,052 10.734 40.015 142,312) 140.0151 7.150 624 12.500 112.gX)) 17.993) 10.IXMJ (10,W)) 1763) 237 932.733 1926.019) 6.714 150.174 637.159 1781.935) 5.398 Total Reslricled snG 288229 2.528.381 7.150 99,338
WIMBLEDON GUILD OF SOCIAL WELFARE la company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2024125 31 March 2024 Inc¢Jrnsng Resources Inv'mnt rnsources exwnded gn'g111o¥'¥l Prop'¥ Trf•rn 31 Marth 2025 Unr••trletsd funds General Fund Fixed Asset Resetvè vestnl Prowrtiè$ Reserve Total Unr[led FLNids 503.898 1.041213 (741.C¢S) (23.V23) (113.436) 888,7 922,683 150.154) 1.286 978,815 13 820 (MJ) 14 375,lYJO 15,246,581 1,041,213 1.239 531.077 16 20.482 T1 Funds 32 425.997 2,438.820 3 332,512 31 508 820 rhe Eynd•bl• Endv•mnl wa$ e•lJbl'ghed by • truslee 01tru d•l•d 16th July 2018. T The invest1 genernted from Ihe Ee i¥tttrmrf• 18 ndud•d in R6strKknd com& Funds ai'Speci81 Trust knccrn', 1$ uBed lo luThJ the dritab 0tr4ecis of Wrrl)ledon Guld defined in the declara¢Jon of IruBI d81ed 16th Juty 2016. The agreed 10 ld the pwoc•ed6 of the sales of 2 Op?88 £1.325.lJKJ to th• nd 2022.23. The Wellare Fund is m•de up ol dtIO wThwkad I tlIre we. SmaN Iwe gr to iThJi¥idu811, 'n• wrth the ot¥eds ol lh• Chty. The Ciwc Pride granl w81 awarded lo nthd0n Guihj by LtyOn Btywgh of Merl(ffl fLV a p¢nod of 3 years Starting on 1st ow'l 2023. Is wrposes are to ¢Ywng Wl1c81 envthybal siyport lor people over 60 wrth conplex needs, and to farjlrtate 3 ennal supw1 group$ to invo• c¥)nfidence and r"vation and develop. r11. Talklno Thèrapies ICS. FurKng to to one C<1¥1j fix tlac •tx1 oymwiltj. Mertw Uplift Is a partnershp befr•fftn the NHS and locd vdijntary sedty organ0a1$ whith $laried in fvy 2019. A5 Part ol Merton uph.ft Wrt4edon G1 ha6 been awarded a 3 ye8r ¢tract by Soth we London St George& Mental Heahh Tntst (sSTG) lo prMIe Welbthng Ser4 as of Ilerton Llplift wogranw)w. This h¥$ been e1ended year. The M¢rlwt CO-19 Con¥Mity Re8p(MM• H18 a p•trrtrnlip betlrn) UK Mert and IAfjrrt)lthn Guild. tt was sel up in March 2020 to help Isot¥d houseW$ 8nd those at nsk trryn COMD.19. The Wlntor Warm and Well wanl was receiv (rom London Btywgh of and ij uged to hol) to reduce nter hosprtal thi6wons through inforrTHtion. gfdnts and on• lo rme swwt. IMrt)ledon Guild agreed %h Muscal Mown9 to lake o¥tr the ol 48rte dasses fty Feo4e wilh Parkin50n'5. and hove rINed grant arrfl legacy nTh)nies io pr¢ym. Thw Mwro Grant funds the provision ol Wellare Gran LBM T8lking Ther8y'es. Suppy¢ for Ukrainiwm is fundry prOvj ty th8 BwowJh ol Merton to prowdè ernironal supporl group for Ukrainian¥. Age UK Bth"ending seryice i¥ a partnershp wrth UK mert fuJe(I lyrf th8 locd tIK¥1, wtwefry )ledon Gyild prowdes a 18ce to kn beIrdiQ seryice and Irain and swwls volunteer befrlenderj. Cily Bridge Proiect. ProYith"ng online one to iher8py lor peopkn afe htyJSetd 37
WIMBLEDON GUILD OF SOCIAL WELFARE (a company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 mertC Moves represenis fundlrMJ from Cwncd to Io w SUFPYI for peopqe over 60. encouraging physi1 actiwty. The NHS mert Clinical C(xMI"ssbtining GrcJp grani of £25.000 is used lo pjrt lund a bereave1Tl sorylce delivered by w1n6d0n Guikl ¢0 hélp pawe aged 16 aThJ atyjve wtKJ we bBreaved cff aFvroaching The WImbd0 Foundalicffi re[ents Ilding to SUFPXI enyjbonal arml swal groups in East MertC. The Peacock Charilable Tnjsl repSentS fundlng allttaled to p(rthawng a rinNan. The InvestnnI Properties Res rewesonls the ValonS of the r•sOni1 kYoperbe5 cvrnd by w&eOn Gulld and renlod to lenants. The Fixed A55¢ts Rwr¥s rep¥08Wted ty taThJ> fwd ass818 and we re•dty rKfflvertle into ca8h. 38
WIMBLEDON GUILD OF SOCIAL WELFARE (a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 The 2024125 nb)¥enth In lund8 rA>nwratr4es • foM¢Avs'.. t4et Incomlng Re•our¢e• In¥'mnt Y•#ourc•• •xpondtd gn'lllwl Prop's R•v B4l•nc•• 31 TCh 2024 2023124 1 Apill 2023 Trferj Endowm•n¢• Ewendable End04••nI ProFewty Funds Porllolio 1,232.922 Toial Endownnls 16.919.538 Restrlcted Income Funds Welfare FuThJ 75,342 15.886.618 325.380 118.831} 897.747 16,891,112 1B.528 343. 1,251.373 1.251.373 75 16,891.187 18.631 897.747 193.383 1210.3311 58.394 Merton Civic Prld¢ -Welbelng 5vpport Talkn'ng TheraF4e Iicsi ssTG Mert¢ Uplift-Kllbeing Support The mrTh COVID-19 cornty response Flub nlèr. Warrn & ll Grartl Musical Movtsrrnnt L8M- Talklng Therap¢'es 8¢friending IS) Support Ukraine ily Bridge Fovndalion Merton Mo¥es NHS Merton CCG (Grief Supporti Tht Imrroledon Foundation The Peaco Charrtable Tns Other Ewendable Endownnt ¢gpit81 distribution Special T(u$t incorre ICa20no¥el 49.431 (49,431) 29.328 (29.328) 87,813 187,8131 13.089 95205 (91.871) 18.423 12268 55.179 152.7931 14.652 5,295 4,187 18,8881 2.598 10,570 42.801 110.5701 146,1511 1.6S5 5,940 17.150) 141.150) 25.052 11,4CKI 29,750 12.917 137.917) 8,4S3 {4e4)1 7,993 io,ocrf) io,wo 227 {2271 1343,K61 343. 692.707 1198.62n 1343,gJei 150.174 Total Re51n"cted Ino 875.128 28B 229 39
WIMBLEDON GUILD OF SOCIAL WELFARE (a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2023124 1 Aprll 2023 Ineombng R•wurc•# Inv'mtht vesourc•¥ •xnd*d gnW(10•'8) fvop Trf•rs 31 M4vch 2024 UnYestrid•d fund• General Fund Fixed Asset Reserye Investrnnl Properties Reserye Total Vnresiricled Funds 510,961 917.565 I2,1W,l 37,078 1,188.598 503,898 856.091 3,587 63.D)2 922,883 13 820.1x) 13,820,000 15 187.OSS 947.565 2,176,717 37.078 1.25161YJ 15 246 581 Total FurKJ• 32 248 274 2 313374 3 070 476 32 425 997 40
MBLEDON GUILD OF SOCIAL WELFARE (a company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 20. ANALYSIS OF NET ASSETS BETWEEN FUNDS In¥•$tm•nt G•n•ral Propert1•8 Flx•d A8S•t Endowm•nt R••trictsd fund• R&8•rv• R•8•rv• fund• Inc¢)mo fund8 Total 2025 202 TangibLg FixEd A1¥ InveslnEnl Properties Inveslnknls Nel current aet8 Tolal 978.815 978,815 14.375,000 14,375.000 99.337 16.118.635 630.197 15.389.OLh) 36,470 666,667 14,375.000 36.470 99,337 31.$08.820 978.815 15 389 Ocx) 02 2024 Tangible Fixed Assets Investment Propèrt Investments Nel currenl assets Total 922,883 922.683 13,820.WO 13,820.000 288.230 17,616.718 437,301 16.891.187 66,596 S03,897 13.820.(KKJ 922,683 16,891 187 288,230 32 21. CASH FLOW INFORMATION RECONCILIA TION OF CASH FLOWS FROM OPERATING ACTIVITIES 2025 2024 Ne IEyndilureylncom lor the r•pthng {8s p•r the Slalerrenl of fThnc1 aCtNitl Iiuslmenl8 for.. DepreeiatKJn charge8 (Ncts 12 Unrealised and realised b88esllgain$l (Note 14) Oisposal of Fixed Ass61 IM)te121 Inveslnnl Propety RevalUatn (Note 131 Deficit frcffl sas of InVestnI PropertIXd kn¢1 Inveslmenl income shcwn in inveslir¥J actNils INote 4) Inveslnnl lees shown In VeStsng ath¥15 (Noie 191 Ilncreasel in debtors Increase in short lemi credrtors Net C%h promfded by (used in) op•rntlng a¢tib•ti•s 1917.177 177.722 73,694 S78,485 55,644 {934,8251 55.759 (sss,000) 123.$41) 1114,9881 166S.3141 1721,0981 15.013 19,626 (47,7721 {8,4281 83.917 1,554,506 1.427 452 22. HISTORICAL COSTS OF NET IAOVEAIENT IN FUNDS 2025 2024 Nel movement in funds Revaluation of Investnt prope.e$ INote 13) Unrealised {gainOSS on investwents (Note 141 Nel nK)venEnl of funds on a historical cost bas.s 1917,177) 1555,000) 578,037 894.140 177.722 934,822 757.100 41
WIMBLEDON GUILD OF SOCIAL WELFARE (a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 23. SHARE CAPITAL The company Is c(St11uled as a ¢OfrvY IvThted by guarantee. Under the temx ol dau5e 7 of the icles of Associalion, in the event of the charity being wound up every menxr is liable lo conlribule a sum nol exceeding £1 during Ihe b'rne they are a Of within one year thefeafter. 24. TAXATION The Guild Is a registered tharity and frcmn tsx?t on incm? arising frcm and e)pended on ils Chatab acts'vilies. 25. OPERATING LEASEXESSEE At 31 March 2025, the charity had the ft)IlvirKJ coff•rilnxnls WKler n-¢ancla1Ie operating leases.. 2026 2024 Obligations under cperaling leases e4)ifing in less than one year Obligalions under ¢)peraling leases ewifing in lo five yeafs Obligations under cperating lease8 eypimg after ffi¥e years 74.853 163,801 62.302 206.646 129.500 398,448 320.642 26. PENSION COSTS The cc*rpany has a group deff ned eontributs'on pensicm $chenNry which al enwtyees are enti to loin. The coryjany matches c¢xlrbbuiions mde by enptyees up lo 7%. During the year ended 31 March 2025. the ce¥ryanls tolal conln"buts.cS arrounled lo £99.oe6 12024. £92.431) £78,363 of Ihe costs were allocated lo restricted aclivilies, and £17,98610 The Company's Sloging date fw staff auItrenrotrThI in the pension wa$ 1 July 2014. 27. CAPITAL COMMITMENTS The ccxnpany has no authonsed and Ctracted c4yThritrrnnts for wilal e>pendrture al 3151 M¥ch 2025 42
WIMBLEDON GUILD OF SOCIAL WELFARE (a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 28. STATEMENT OF FINANCIAL ACTIVITIES£OMPARATIVE INFORMATION The split of the 2024 c¢yrparative8 sINy•m on the face of the Slatrnnt of Fin181 ktivitlI beN¥een the separate classes of fuThJs are as folkms". Unresincted IncLYr¢ ErKJOwnrt Total Funds Fund8 Funds 2024 kncorr frcfft.. Donat3 and lega¢ Charitable 8clivllies Other trading aclivilies Inveslrrenls Other Tot81 inn 90.665 90.685 744,029 691,839 1,435.668 83.763 29.089 83.763 721,7 692,707 19 343,9C6 343% 2331912 947 566 1040.440 Eyendilure ¢)n'. Raising lunds Charilable activrt Total exF¢ndilure 359,908 18,630 378,538 2,654,717 18,630 3.033,255 893.894 893,894 2,120.731 operatj (De11)urpIu8 1173 165 Nel gainslllossesl on invt 14 Gain on revalualion arKI sale of Inveslm Transfers Net Inconllewditurel 37,080 (55,757) 1251,367 59.525 897.742 934,822 155.7571 1251367 28,349 146.546 Reconciliation of luThJs Total funds brought f¢Th- 19 15,187.056 141.683 16,919,536 32.248,275 15,246.581 288.229 16.891.187 32 425.997 29. OPERATING LEASES-LESSOR At Jl Marcn 2u2J, me iuiure nrrI ase payffents reae unuer operatirKJ leases were'.- 2025 2024 C)ligat8 under cyrating leases expiriry in less Ihan or* year Obligations under operating leases expiring in one lo five ye8 Obligations urnler coeraling leases e'n9 aftw fve yews 430.158 14.130 392.640 6.711 399.351 43
MBLEDON GUILD OF SOCIAL WELFARE Company Registration numbef.. 383330, Chanty registran number. 200424 Registered off.. Guild House. 30132 Worple Road, LorKSon SW19 4EF Wobsrte.. VPWI.wimbledon ui .(xJ.uk mbledon Guild of Social Welfare I'The Guld'l is constituted as a cLwnpany limited by guarantee and is registered for charitable purposes wilh the Charty Commissn. The Guild's governlng document is ils Memofandum and Articles ol Association incorporated 15 Oclober 1943 as amended by special resolulK)n at 6 October 2(K)9. THE BOARD OF TRUSTEES Honorary Offlcern Chairman Vice Chairnn Treasurer Susan C(x)ko Tom {R Al Steele Sandy Pferf Other Members Karen Biggs Eniola Oladitx) Caroline Mawhood MBE Howard Richards Amir Siddiqui Frances Haque Olrectorn The Trustees of Wmbledon Guild of Swal Weffare are the charity's trustees under charity law ano the directors of Ihe charitable company. Llfe Vl¢e-Presldent Sheila Ounman SENIOR MANAGMENT TEAM Wendy Pridmore Helen Duckworth Adil aureshi 018dipo Sokoya Mark Wmiams Chief Execthi¥e offr and Gerwal Seuelary Head of Community SeNices Head of Talking Therap$ Head of Finan and Resourc08 Head ol C(XTwNnicalions arKI Fundraising ADVISERS Auditor• Bankers Crowe U.K. LLP. 55 Ludgale Hill London EC4M 7JW. Barclays Bank pk. Wmbkdon Business Centre, Aexandra Road. Wmbledon. London SW19 7LA Croner Group, Croner House. Nheat Way. Hinckley, Leicestershire. LE10 1YG CCLA Investment Managetrnnl. 1 Ange Ln, London EC4R 3AB Russell£ooke LLP. 2 Putney Hdl, Puth*. London SW15 6AB I Employmenl Inveslment Managern Solicitorn 44