2021-03-31-accounts - Wimbledon And Putney Commons Conservators

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			Reference and Administrative	Reference and Administrative	Reference and Administrative	Reference and Administrative	Details	Details
			for the Year Ended 31		March 2021
Conservators			Mr0 Bennett MBE —appointed				by DEFRA		January 2021
			Mrs S Bucknall —elected		April 2021
			Mr D Hince —elected April			2018; re-elected			April 2021
			Mr P Hirsch —elected April 2018;re-elected						April 2021
			Mr Michael Johnston —elected				April 2021
			Mrs D Neil Mills (Chairman) —elected					April 2018; re-elected			April 2021
			Mr M Rappolt —appointed			by Ministry		of Defence May 2017;
			re-appointed May '2020 Mr N Ware —appointed	by Home Office March 2018;
			re-appointed March 2021
Retiring Conservators			Mrs SGillbe —elected April 2015;re-elected						April	2018
			Mrs S-J Holden —elected			April	2018
			Dr R Taylor —appointed		by DEFRA April 2013; re-appointed						April 2017
Chief Executive			Mr SLcc(to Dcccmbcr	2020)
			Mr S Bound (acting from		January 2021;appointed					from June	2021)
Principal Address			Ranger's Office
			Manor Cottage
			Windmill Road
			Wimbledon
			London
			SW195NR
Registered	Charity	Number	303167
Independent	Auditors		Kreston Reeves LLP
			Chartered Accountants	and Statutory				Auditor
			9 Donnington Park
			85 Birdham Road
			Chichester
			West Sussex
			PO20 7AJ
Solicitors			Russell Cooke LLP
			2 Putney Hill
			London
			SW156AB
Bankers			Barclays Bank pic
			8 Alexandra Road
			Wimbledon
			London
			SW197JZ
			Page 2

								Page
Reference and	administrative details		of	the charity, its		trustees and advisers		2
Conservators'	report							4-30
Independent auditors'		report						31-34
Statement offinancial		activities						35
Balance sheet
Statement ofcash flows								37
Notes to the financial		statements						38-60
The foiioaring	abbreviations are used		in	this document
WPCC or Charity		The Wimbledon	and Putney Commons				Conservators
1871Act		Wimbledon and	Putney Commons			Act	1871
Board		The Board ofConservators			ofWPCC
NLHF		National Lottery	Heritage		Fund
LGPS		Local Government		Pension Scheme

he defined benefit pension scheme; the charity.	these add	itional charges do not	ofthemselv	es result in a cas	h outflow
		Year ended	31March	2021	2020
		Unrestricted Restncted		Total	Total
		funds	funds	funds	funds
Total income		1,761,020	110,941	1,871,961	1,874,034
Total expenditure before additional	charges
in respect ofdefined benefit pension schemes		(2,030,192)	(126,125)	(2,156,317)	(1,814,465)
Net expenditure before additional	charges
in respect ofdefined benefit pension		(269,172)	(15,184)	(284,356)	59,569
scheme
Additional charges in respect ofdefined
benefit pension scheme		(299,000)		(299,000)	(348,000)
Net expenditure before. investment	gains	(568,172)	(15,184)	(583,356)	(288,431)
Net gain/(loss) on investments		279,616		279,616	(88,706)
Net expenditure before other gains losses	and	(288,556)	(15,184)	(303,740)	(377,137)
Transfer between funds		(25,000)	25,000
Actuanal gain/(loss) on defined benefit
pension scheme		(25,000)		(25,000)	528,000
Net movement in funds for the year		(338,556)	9,816	(328,740)	150,863
Total funds brought forward		484,183	61,569	545,752	394,889
Total funds carried forward		145,627	71,385	217,012	545,752
Comprising:
Negative pension reserve		(2,857,000)		(2,857,000)	(2,533,000)
Other reserves		3,002,627	71,385	3,074,012	3,078,752
Total funds		145,627	71,385	217,012	545,752
		Page 19

a.	Provision ofworking capital to cover day to day	Provision ofworking capital to cover day to day	Provision ofworking capital to cover day to day		6450,000—
	fluctuations	in income and expenditure	and meet,	in the	6500,000
	short term,	either unexpected expenses or income
	s ho rtfa lie
b.	Allowance	for potential impact of CQVID-19 ifthe			675,000-
	movement	and distancing restrictions	were re-introduced		6150,000
	in autumn/winter of2021/22
c.	Renovation	works to estate buildings			8275,000-
					2325,000
d.	Costs associated with changes to the		constitutional		285,000-
	arrangements (Note: The figures are		subject to rewsion		F100,000
	pending clarification from the Chanty		Commission
	regarding	scope of its powers to effect constitutional
	reform for	chanties in general)

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2021	2021	2021	2020
	Note	8	8	8
Income from:
Donations and legacies	3	100,659	4,906	105,565	98,139
Charitable activities	4	1,612,511	106,035	1,718,546	1,726,357
Investments	5	47,850		47,850	49,538
Total income		1,761,020	110,941	1,871,961	1,874,034
Expenditure on:
Charitable activities	6	2,329,192	126,125	2,455,317	2,162,465
Total expenditure		2,329,192	126,125	2,455,317	2,162,465
Net expenditure before net
gains/(losses) on investments		(568,172)	(15,184)	(583,356)	(288,431)
Net gains/(losses) on investments		279,616		279,616	(88,706)
Net expenditure		(288,556)	(15,184)	(303,740)	(377,137)
Transfers between funds	19	(25,000)	25,000
Net movement in funds before other
recognised gains/(losses)		(313,556)	9,816	(303,740)	(377,137)
Other recognised gains/(losses):
Actuarial gains/(losses) on defined
benefit pension scheme		(25,000)		(25,000)	528 000
Net movement in funds		(338,556)	9,816	(328,740)	150,863
Reconciliation offunds:
Total funds brought forward		484,183	61,569	545,752	394,889
Net movement in funds		(338,556)	9,816	(328,740)	150,863
Total funds carried forward		145,627	71,385	217,012	545,752

				Note		2021f		2020
Fixed assets
,Tangible assets				10		1,275,084		1 347 703
Heritage assets				11		151,800		151,800
Investments				12		1,630,356		1,350,740
						3,057,240		2,850,243
Current assets
Stocks				13			85
Debtors				14	228,987		148,957
Cash at bank and in hand					181,131		332,129
					410,118		481,181
Creditors amounts	falling due within one
year				15	(303,496)		(154,011)
Net current assets						106,622		327,170
Total assets less current liabilities						3,163,862		3,177,413
Creditors: amounts	falling due after more
than one year				16		(19,460)		(22,973)
Provisions for liabilities				18		(70,390)		(75,688)
Net assets excluding		pension	liability			3,074,012		3,078,752
Defined benefit pension		scheme	liability	24		(2,857,000)		(2,533,000)
Total net assets						217,012		545,752
Charity funds
Restricted funds				19		71,385		61,569
Unrestricted funds				19		145,627		484,183
Totalfunds						217,012		545,752

				Note	2021f	2020
Cash flows from operating activities
Net cash	provided/(used) by operating	activities		21	(185,368)	39,895
Cash flows from investing activities
Dividends,	interests and rents from investments				47,850	49,538
Proceeds	from the sale oftangible fixed assets					8,882
Purchase	oftangible fixed assets				(7,995)	(153,474)
Proceeds	from sale ofinvestments					1,663,689
Purchase	of investments					(1,563,689)
Net cash	provided by investing activities				39,855	4,946
Cash flows from financing activities
Repayments of borrowing					(5,485)	(5,485)
Net cash	used in financing activities				(5,485)	(5,485)
Change in cash and cash equivalents		in	the year		(150,998)	39,356
Cash and	cash equivalents at the beginning		ofthe year		332,129	292,773
Cash and	cash equivalents at the end of		the year	22	181,131	332,129
The notes	on pages 36to 60form part	ofthese financial statements

Freehold buildings		—25-50 years
Long-term leasehold Plant, machinery and	property equipment-	- Life oflease 3-10years
Fixtures and fittings		—15years
Computer equipment		- 4 years

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2021 6	2021f	2021f	2020
Donations
Golf club contributions			18,042		18,042	17,569
Horseride appeal				4,906	4,906	20,408
Wildlife memorial	garden	appeal				6,474
Other donations			82,617		82,617	53,688
Total 2021			100,659	4,906	105,565	98,139
Tota I 2020			71,257	26,882	98,139

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
				6	8
Levy received from councils				1,247,917		1,247,917	1,218,268
Countryside	stewardship		grant	36,677		36,677	13,283
Sports facilities				204,346		204,346	242,573
Property rent and		wayleaves		117,761		117,761	132,665
Rent from filming		and fairs		5,750		5,750	32,075
Logs and timber		sales		50		50	13,766
Publication	sales			10		10	494
NLHF grant					46,035	46,035	73,233
Beverley Brook path project grant					60,000	60,000
Total 2021				1,612,511	106,035	1,718,546	1,726,357
Total2020				1,653,124	73,233	1,726,357
Investment	income
					Unrestricted	Total	Total
					funds	funds	funds
					2021	2021	2020
					8	6	E
Investment	income				47,850	47,850	49,538
Total 2020					49,538	49,538

		Activities
		undertaken	Support	Total	Total
		directly	costs	funds	funds
		2021	2021f	2021	2020 E
Chantable	activity	1,515,916	939,401	2,455,317	2,162,465
Total 2020		1,357,949	804,516	2,162,465

				Charitable	Total	Total
				Activities	funds	funds
				2021	2021	2020
						E
Windmill				8,345	8,345	9,225
Keepers		and Commons	security	515,304	515,304	490,629
Commons		maintenance		584,947	584,947	424,805
Playing	fields maintenance			220,627	220,627	254,076
Property		maintenance	and improvements	186,693	186,693	179,214
				1,515,916	1,515,916	1,357,949
Total 2020				1,357,949	1,357,949

					Charitable	Total	Total
					Activities	funds	funds
					2021f	2021f	2020f
NLHF expenses					46,035	46,035	73,233
Administration staff salaries					200,586	200,586	109,951
Audit and accountancy					16,525	16,525	19,247
Office expenses					8,440	8,440	23,552
Insurance					52,171	52,171	33,783
Utilities and services					15,162	15,162	19,188
Advertising and	printing				14,799	14,799	16,213
Computer and	ITsupport				24,360	24,360	29,126
Events					8,085	8,085	17,473
Council tax					24,543	24,543	24,466
Defined benefit	pension	cost in excess ofcontributions		paid	240,000	240,000	285,000
Profit on sale of fixed assets							(7,430)
Interest cost on	pension	liability			59,000	59,000	63,000
Legal fees					132,111	132,111	22,691
Professional fees					28,414	28,414	53,023
Deficit funding contribution			to defined benefit pension	scheme			22,000
Bad debts					10,920	10,920
Election costs					58,250	58,250
					939,401	939,401	804,516
Total 2020					804,516	804,516

to the Financial Statements e Year Ended 31 March 2021 Staff costs
	2021	2020
	F.
Staff Salaries
Wages and salaries	914,403	863,508
Social security costs	96,024	86,520
Other pension costs	449,497	444,549
	1,459,924	1,394,577

Chief Executive
Chief Operations	Manager
Depiity (,lark and	Ranger
Administration
Wildlife and Conservation		Officer
Security
Maintenance
Playing Fields
Property

2021	2020
No.	No.
22	23

2021	2020
No.	No.

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			Heritage
			assets
			2021
			8
Carrying	value	at 1 April 2020	151,800
Carrying	value	at 31 March 2021	151,800

	Listed
	investments
	E
Cost or valuation
At 1 April 2020	1,350,740
Revaluations	279,616
At 31 March 2021	1,630,356
Net book value
At 31 March 2021	1,630,356
At 31 March 2020	1,350,740

Notes	to the Financial Statements	to the Financial Statements
For the Year Ended 31 March 2021
13.	Stocks
					2021	2020
	Finished goods and goods for resale					85
14.	Debtors
					2021	2020
	Due within one year
	Trade debtors				51,803	86,866
	Other debtors				40,673	47,033
	Prepayments and accrued income				136,511	15,068
					228,987	148,967
15.	Creditors: Amounts	falling due within one year
					2021	2020
	Trade creditors				210,031	72,397
	Obligations under finance lease and hire purchase		contracts		2,201	5,470
	Other creditors				49,065	49,063
	Accruals and deferred	income			42,199	27,081
					303,496	154,011
16.	Creditors: Amounts	falling due after more than	one	year
					2021	2020
	Net obligations under	finance lease and hire purchase		contracts		2,216
	Accruals and deferred	income			19,460	20,757
					19,460	22,973

				2021	2020
					5
Deferred	inoome at 1 April 2020			22,054	33,351
Resources deferred		during the year		19,930
Amounts	released	from previous	periods	(1,297)	(11,297)
Deferred	income at 31 March 2021			40,687	22,054

			Provision
			for liabilities
			5
At 1 April 2020			75,688
Change	in discount	rate	(5,829)
Interest	cost charged	to expenditure	531
			70,390

								Balance at
	a	caa				Transfers	Gaii"isl	31 Marcl'i
	April 2020f		Income f	Expenditure	f	in/outf	(Losses)f	2021f
Unrestricted
funds
Designated
funds
Llection Sinking
Fund		36,672		(58,250)		21,578
General funds
General
Conssniancy
Fun(I		2,980,511	1,761,020	(1,971,942)		(46,578)	279,616	3,002,627
Defined Benefit
Pension	(2,533,000)			(299,000)			(25,000)	(2,857,000)
		447,511	1,761,020	(2,270,942)		(46,578)	254,616	145,627
Total
Unrestricted
funds		484,183	1,761,020	(2,329,192)		(25,000)	254,616	145,627
Restricted
funds
Windmill
Restoration
Fund		19,558		(90)				19,468
Horsende
Appeal		23,896	4,906					28,802
Wildlife Garden
Appea I		18,115						18,115
NLHF-
Masterplan			46,035	(46,035)
Bndge repairs						5,000		5,000
Beverley Brook
path pro/ect			60,000	(80,000)		20,000
		61,569	110,941	(126,125)		25,000		71,385
Total of funds		545,752	1,871,961	(2,455,317)			254,616	217,012

Statemen	t offun	ds - prior year
							Balance at
		Balance at			Transfers	Gains/	31 March
		1 April 2019	Income	Expenditure	in/out	(Losses)		2020
		6	F	E	F	E		E
Unrestricted
funds
Designated
funds
Election	Sinking
Fund		18,336			18,336			36,672
General	funds
General
Conservancy
Fund		3,051,735	1,773,919	(1,738,101)	(18,336)	(88,706)	2,980,511
Defined Benefit
Pension		(2,713,000)		(348,000)		528,000	(2,533,000)
		338,735	1,773,919	(2,086,101)	(18,336)	439,294		447,511
Total
Unrestricted
funds		357,071	1,773,919	(2,086,101)		439,294		484,183
Restricted
funds
Windmill
Restoration
Fund		20,624		(1,066)				19,558
Footpath	Appeal	1,072		(1,072)
Horsende
Appeal		3,488	20,408					23,896
Wildhfe Garden
Appeal		12,634	6,474	(993)				18,115
NLHF-
Masterplan			73,233	(73,233)
		37,818	100,115	(76,364)				61,569
Total offunds		394,889	1,874,034	(2,162,465)		439,294		545,752

Analysis	of n	et assets between funds - current	year
			Unrestricted	Restricted	Total
			funds	funds	funds
			2021 8	2021 6	2021f
Tangible	fixed	assets	1,275,084		1,275,084
Fixed asset investments			1,630,356		1,630,356
Hentage	assets		151,800		151,800
Current assets			338,733	71,385	410,118
Creditors	due	within one year	(303,496)		(303,496)
Creditors	due	in more than one year	(19,460)		(19,460)
Provisions	for	liabilities and charges	(2,927,390)		(2,927,390)
Total			145,627	71,385	217,012

20.	Analysis ofnet assets between funds (conti	Analysis ofnet assets between funds (conti	Analysis ofnet assets between funds (conti	nued)
	Analysis of net assets between funds - prior			year
					Unrestricted	Restricted	Total
					funds	funds	funds
					2020	2020	2020
					6		6
	Tangible fixed assets				1,347,703		1,347,703
	Fixed asset investments				1,350,740		1,350,740
	Heritage assets				151,800		151,800
	Current assets				419,612	61,569	481,181
	Creditors due within one year				(154,011)		(154,011)
	Creditors due in more than one year				(22,973)		(22,973)
	Provisions for liabilities and charges				(2,608,688)		(2,608,688)
	Total				484,183	61,569	545,752
21.	Reconciliation of net movement in funds		to	net cash flow from operating		activities
						2021	2020
						E
	Net expenditure for the year (as per Statement			of Financial	Activities)	(303,740)	(377,137)
	Adjustments for:
	Depreciation charges					74,785	66,332
	(Gains)/losses on investments					(279,616)	88,706
	Dividends, interests and rents	from investments				(47,850)	(49,538)
	Loss/(profit) on the sale offixed assets						(7,430)
	Decrease in stocks					85.
	Increase in debtors					(80,020)	(61,273)
	Increase in creditors					151,457	31,283
	Pension fund adjustments					299,000	348,000
	Interest cost on provision					531	952
	Net cash provided by/(used	in) operating	activities			(185,368)	39,895

Analy	sis ofcash and cash equivalents
		2021	2020
		8
Cash	in hand	181,131	332,129
Total	cash and cash equivalents	181,131	332,129

		At 1 April		Finance	At 31 March
		2020	Cash flows	leases	2021
		8	R
Cash at bank and	in hand	332,129	(145,513)	(5,485)	181,131
Finance leases		(7,686)		5,485	(2,201)
		324,443	(145,513)		178,930

Princip	al actua	rial assumptions at the Balance Sheet d	ate (expressed as weighted averages)	:
			At 31 March	At 31 March
			2021	2020
Discount rate			2.00	2.35
Future	salary	increases	3.85	2.95
Future	pension	increases	2.85	1.95
			At 31 March	At 31 March
			2021	2020
			Years	Years
Mortality rates		(in years)
—for a	male aged 65 now		21.1	21.4
-at 65	for a male aged 45 now		22.4	22.8
—for a	female	aged 65 now	23.9	24
-at 65	for a female aged 45 now		25.3	25.5

The Charity's shar	e ofthe	a	ssets in the s	cheme was:
					At	31 March	At 31 March
						2021 f	2020 F
Equities						5,770,000	4,101,000
Gilts						729,000	887,000
Property						239,000	241,000
Cash and other liquid assets						341,000	36,000
Diversified growth						722,000	627,000
Multi asset credit						743,000	596,000
Infrastructure						362,000	425,000
Total fair value ofassets						8,906,000	6,913,000
The actual return	on scheme assets was			62 088 000	(2020-f(310000)).
The amounts recognised		in	the Statement	of Financial	Activities are as follows:
						2021	2020
							6
Current service cost						(363,000)	(340,000)
Past service cost						(79,000)	(99,000)
Interest cost						(59,000)	(63,000)
Administrative expenses						(8,000)	(7,000)
Total amount recognised			in the Statement of Financial Activities			(509,000)	(509,000)

Moveme	nts in th	e p	resen	t value ofthe defined benefit obligation	were as follows:
					2021
Opening	defined	benefit		obligation	9,446,000
Contributions by		scheme		participants	61,000
Benefits	paid				(358,000)
Service	cost				363,000
Past service costs					79,000
Interest	expense				202,000
Change	in finanaal		assumptions		2,211,000
Change	in demographic			assumptions	(130,000)
Experience loss		on	obligation		(111,000)
Closing	defined	benefit		obligation	11,763,000

Movem	ents in the	fair va	lue ofthe Charity's share ofscheme assets	were as follows;
					2021
					8
Opening	fair value	ofscheme assets			6,913,000
Interest	income				143,000
Contributions by employer					210,000
Contributions by scheme			participants		61,000
Return	on assets				1,945,000
Benefits paid					(358,000)
Administration expenses					(8,000)
Closing	fair value	ofscheme assets			8,906,000
				2021	2020
				6
Closing	position
Defined	benefit obligation			(11,763,000)	(9,446,000)
Scheme assets				8,906,000	6,913,000
Deficit				(2,857,000)	(2,533,000)
				2021	2020
				6
Total actuarial gains on defined benefit pension scheme
Return	on assets			1,945,000	(482,000)
Other actuarial gains					78,000
Change	in financial	assumptions		(2,211,000)	888,000
Change	in demographic		assumptions	130,000	554,000
Experience loss on		obligation		111,000	(510,000)
Total				(25,000)	528,000

										2021	2020
										6	5
Financial	assets
Finanmal	assets	measured	at	fair	value	through	income	and	expenditure	1,630,357	1,350,740