2024-03-31-accounts

Conservatorsfrom	OliverBennettMBE—appointedbyDEFRAJanuary2021;reappointed
3April2024	February2024
	DavidBrown—electedApril2024
	SueBucknall—electedApril2021;re-elected2024
	MichaelJohnston—electedApril2021;re-elected2024
	WilliamLiu—electedApril2024
	MauroMattiuzzo(Chairman)—electedApril2024
	PeterShortt—appointedbyMinistryofDefenceSeptember2022
Conservatorsinoffice	OliverBennettMBE—appointedbyDEFRAJanuary2021,reappointed
duringthe2023/24	February2024
FinancialYear	SueBucknall—electedApril2021;re-elected2024
	DavidHince—electedApril2018;re-electedApril2021;retiredApril2024
	PeterHirsch—electedApril2018;re-electedApril2021;retired2024
	MichaelJohnston—electedApril2021;re-elected2024
	DianeNeilMills—electedApril2018;re-electedApril2021;
	retiredApril2024
	PeterShortt—appointedbyMinistryofDefenceSeptember2022
	NigelWare—appointedbyHomeOfficeMarch2018;re-appointedMarch
	2021.Termended13March2024
ChiefExecutive	StephenBound—until17May2023
	ColinCooper—from 1September2023
PrincipalAddress	Ranger'sOffice
	ManorCottage
	WindmillRoad
	Wimbledon
	LondonSW195NR
RegisteredCharity	303167
Number
IndependentAuditors	KrestonReevesLLP
	CharteredAccountantsandStatutoryAuditor
	9DonningtonPark
	85BirdhamRoad
	Chichester
	WestSussex
	PO207AJ
Solicitors	BatesWells
	10QueenStreetPlace
	London
	EC4R1BE
Bankers	BarclaysBankplc
	8AlexandraRoad
	Wimbledon
	LondonSW197JZ
InvestmentAdvisors	CCLAInvestmentManagementLimited
	OneAngelLane
	LondonEC4R3AB

Referenceandadministrativedetailsofthecharity,itstrusteesandadvisers
Conservators'report
Independentauditors’report
Statementoffinancialactivities	34
Balancesheet	35
Statementofcashflows	36
Notestothefinancialstatements	37-60

WPCC	or	Charity	TheWimbledonandPutneyCommonsConservators
1871	Act		WimbledonandPutneyCommonsAct1871
Board			TheBoardofConservatorsofWPCC
NLHF			NationalLotteryHeritageFund
GAAP			UnitedKingdomGenerallyAcceptedAccountingPrinciples
LGPS			LocalGovernmentPensionScheme

Asnotedearlier,thepensionreserve,	Asnotedearlier,thepensionreserve,	ifnegative,represents	ifnegative,represents	thenetliabilityinrespectoftheLGPSand	thenetliabilityinrespectoftheLGPSand	thenetliabilityinrespectoftheLGPSand
iscalculatedinaccordancewiththe	specificrequirementsof			the	FinancialReporting	Standardapplicable
intheUKandRepublicofIreland	(FRS102).Theobligationtoprovidepensions					isbeingfundedby
regularcontributionstothepension	schemeout		ofthecharity’s		annualincomeat	aratedeterminedby
thescheme’sactuary.
TheConservators’estimatedpotential		requirementsforreserves			aresetoutinthetablebelow:
					Min	Max
					Requirement	Requirement
Provisionofworkingcapitaltocover		daytoday	fluctuations	in		£570,000
incomeandexpenditureandmeet,		intheshortterm,either
unexpectedexpenses orincome	shortfalls(equates to			~3
monthsplannedrecurrentspend)
Renovationworkstoestatebuildings					£295,000	-
Estimatedcostofnexttriennialelectionsin2027					£65,000	£65,000
Costs associated with changes		to the	constitutional			£45,000
arrangements
Totalrequirement					£975,000	£1,205,000

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2024	2024	2024	2023
	Note	£	z	£	£
Incomefrom:
Donationsandlegacies	3	88,549	98,863	187,412	244,430
Charitableactivities	4	2,079,070	-	2,079,070	1,881,991
Investments	5	44,438	-	44,438	47,392
Totalincome		2,212,057	98,863	2,310,920	2,173,813
Expenditureon:
Charitableactivities	6,7	2,327,649	153,685	2,481,334	2,463,084
Totalexpenditure		2,327,649	153,685	2,481,334	2,463,084
Netexpenditurebeforenet
gains/(losses)oninvestments		(115,592)	(54,822)	(170,414)	(289,271)
Net(losses)/gainsoninvestments	13	134,919	-	134,919	(58,842)
Netincome/(expenditure)		19,327	(54,822)	(35,495)	(348,113)
Transfersbetweenfunds	18	(15,717)	15,717	-	-
Netmovementinfundsbeforeother
recognisedgains/(losses)		3,610	(39,105)	(35,495)	(348,113)
Otherrecognisedgains/(losses):
Actuarialgainsondefinedbenefit
pensionscheme	23	1,000	-	1,000	2,678,000
Netmovementinfunds		4,610	(39,105)	(34,495)	2,329,887
Reconciliationoffunds:	18
Totalfundsbroughtforward		3,087,287	90,765	3,178,052	848,165
Netmovementinfunds		4,610	(39,105)	(34,495)	2,329,887
Totalfundscarriedforward		3,091,897	51,660	3,143,557	3,178,052

			2024		2023
	Note
Fixedassets
Tangibleassets	11		1,334,381		1,270,905
Heritageassets	12		164,772		164,772
Investments	13		1,453,784		1,468,864
			2,952,937		2,904,541
Currentassets
Debtors	14	218,061		176,208
Cashatbankandinhand		284,038		384,185
		502,099		560,393
Creditors:amountsfallingduewithinone year	15	(251,422)		(226,209)
Netcurrentassets			250,677		334,184
Totalassetslesscurrentliabilities			3,203,614		3,238,725
Provisionsforliabilities	17		(60,057)		(60,673)
Netassetsexcludingpensionasset			3,143,557		3,178,052
Totalnetassets			3,143,557		3,178,052
Charityfunds
Restrictedfunds	18		51,660		90,765
Unrestrictedfunds	18		3,091,897		3,087,287
Totalfunds			3,143,557		3,178,052

		2024	2023
	Note	£	£
Cashflowsfromoperatingactivities
Netcashusedbyoperatingactivities	20	(147,748)	(5,808)
Cashflowsfrominvestingactivities
Dividends,interestsandrentsfrominvestments		44,438	47,392
Proceedsfromthesaleoftangiblefixedassets		9,241	6,350
Purchaseoftangiblefixedassets		(156,078)	(146,292)
Saleofinvestments		150,000	150,000
Netcashprovidedbyinvestingactivities		47,601	57,450
Cashflowsfromfinancingactivities
Netcashprovidedbyfinancingactivities		-	-
Changeincashandcashequivalentsintheyear		(100,147)	51,642
Cashandcashequivalentsatthebeginningoftheyear		384,185	332,543
Cashandcashequivalentsattheendoftheyear	21	284,038	384,185
Thenotesonpages37to60formpartofthesefinancialstatements

Tangiblefixedassetsarecarried	atcost, net ofdepreciationand anyprovisionforimpairment.
Depreciation isprovidedatratescalculatedtowriteoffthecostoffixedassets,less theirestimated
residualvalue,overtheirexpected	usefullivesonthefollowingbases:
Freeholdbuildings	-25-50years
Long-termleaseholdproperty	-Lifeoflease
BeverleyBrookWCBridge	-25years
Plant,machineryandequipment-3-10years
Fixturesandfittings	-5-15years
Computerequipment	-4years

	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	2024	2024	2024	2023
	£	£	£	£
Grantsanddonations	88,549	98,863	187,412	244,430
Total2023	88,891	155,539	244,430
LegaciesintheyearwereEnil(2023:£nil).
Incomefromcharitableactivities
		Unrestricted	Total	Total
		funds	funds	funds
		2024	2024	2023
		£	£	£
Levy		1,490,567	1,490,567	1,323,329
Countrysidestewardship(government)grant		22,819	22,819	40,218
Sportsfacilities		376,841	376,841	338,115
Propertyrentandwayleaves		162,276	162,276	124,373
Rentfromfilmingandfairs		26,566	26,566	25,642
Publicationsales		1	1	2,647
Othergrantincome		-	-	18,163
Eventsincome		-	-	9,504
Total2024		2,079,070	2,079,070	1,881,991
Total2023		1,881,991	1,881,991

	Unrestricted	Total	Total
	funds	funds	funds
	2024	2024	2023
	£	£	£
Investmentincome	44,438	44,438	47,392
Total2023	47,392	47,392

	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	2024	2024	2024	2023
	£	£	£	£
Conservancyactivity	2,327,649	153,685	2,481,334	2,463,084
Total2023	2,372,385	90,699	2,463,084

	Activities
	undertaken	Support	Total	Total
	directly	costs	funds	funds
	2024	2024	2024	2023
	£	£	£	£
Conservancyactivity	1,939,681	541,653	2,481,334	2,463,084
Total2023	1,681,626	781,458	2,463,084

	Conserv-
	ancy	Total	Total
	activity	funds	funds
	2024	2024	2023
	£	£	£
Windmill	73,676	73,676	17,454
KeepersandCommonssecurity	563,810	563,810	524,224
Commonsmaintenance	792,114	792,114	694,142
Playingfieldsmaintenance	280,346	280,346	235,710
Propertymaintenanceandimprovements	229,735	229,735	210,096
Total2024	1,939,681	1,939,681	1,681,626
Total2023	1,681,626	1,681,626

	Conserv-
	ancy	Total	Total
	activity	funds	funds
	2024	2024	2023
	£	£	£
Administrationstaffsalaries	123,378	123,378	175,518
Auditandaccountancy	17,700	17,700	16,878
Officeexpenses	24,341	24,341	26,997
Insurance	48,435	48,435	66,368
Utilitiesandservices	36,984	36,984	27,690
Advertisingandprinting	14,200	14,200	17,190
ComputerandITsupport	43,588	43,588	33,126
Events	20,201	20,201	33,470
Counciltax	28,898	28,898	27,451
Definedbenefitpensioncostinexcessofcontributionspaid	23,000	23,000	238,000
(Profit) /lossonsaleoffixedassets	(3,000)	(3,000)	(4,319)
Interestcostonpensionliability	(22,000)	(22,000)	59,000
Legalfees	48,440	48,440	25,724
Professionalfees	68,991	68,991	36,751
Baddebts	(624)	(624)	1,614
NLHFexpenses	5,000	5,000	-
Electioncosts	64,121	64,121	-
Total2024	541,653	541,653	781,458
Total2023	781,458	781,458

	2024	2023
	£	£
StaffSalaries
Wagesandsalaries	1,035,169	975,008
Socialsecuritycosts	111,377	106,940
Otherpensioncosts	228,031	423,412
	1,374,577	1,505,360

	2024	2023
	No.	No
ChiefExecutive	1	1
DeputyClerkandRanger	1	1
Administration	3	3
ConservationandEngagementOfficer	1	1
Security	7	7
Maintenance	8	8
PlayingFields	4	3
Property	1	1
FundraisingManager	1	1
	27	26

2024	2023
No.	No.
-	1

		Long-term	Beverley	Commons	Playing
	Freehold	leasehold	BrookWC	plantand	fields	Fixtures	Computer
	buildings	property	bridge	machinery	equipment	andfittings	equipment	Total
	£	£	£	£	£	£	—£	£
Costorvaluation
At1April2023	1,528,939	207,336	36,859	359,629	99,217	100,646	24,556	2,357,182
Additions	102,513	-	-	2,420	48,000	1,150	1,995	156,078
Disposals	-	-	-	(2,341)	(28,582)	-	(480)	(31,403)
Revaluations	-	(2,872)	-	-	-	-	-	(2,872)
At31March2024	1,631,452	204,464	36,859	359,708	118,635	101,796	26,071	2,478,985
Depreciation
At1April2023	526,895	111,409	737	260,261	76,433	94,717	15,825	1,086,277
Chargefortheyear	45,026	7,069	1,473	16,648	6,736	2,736	3,801	83,489
Ondisposals	-	-	-	(2,341)	(22,344)	-	(480)	(25,162)
At31March2024	571,921	118,478	2,210	274,568	60,828	97,453	19,146	1,144,604
Netbookvalue
At31March2024	1,059,531	85,986	34,649	85,140	57,807	4,343	6,925	1,334,381
At31March2023	1,002,044	95,927	36,122	99,368	22,784	5,929	8,731	1,270,905

						Heritage
						assets
						2024
						£
Carrying	value	at		1	April2023	164,772
Carrying	value		at		31March2024	164,772

	Listed
	investments
	£
Costorvaluation
At1April2023	1,468,864
Disposals	(150,000)
Revaluations	134,920
At31March2024	1,453,784
Netbookvalue
At31March2024	1,453,784
At31March2023	1,468,864

	2024	2023
	£	£
Duewithinoneyear
Tradedebtors	146,502	77,173
Otherdebtors	36,390	19,187
Prepaymentsandaccruedincome	35,169	79,848
	218,061	176,208
Creditors:Amountsfallingduewithinoneyear
	2024	2023
	£	£
Tradecreditors	53,392	80,674
Othercreditors	96,434	50,898
Accrualsanddeferredincome	101,596	94,637
	251,422	226,209

	2024	2023
	£	£
Deferredincomeat1April2023	40,365	40,693
Resourcesdeferredduringtheyear	38,330	40,365
Amountsreleasedfrompreviousperiods	(40,365)	(40,693)
Deferredincomeat31March2024	38,330	40,365

	Provision
	forliabilities
	£
At1April2023	60,673
Changeindiscountrate	(2,872)
Interestcostchargedtoexpenditure	2,256
	60,057

							Balanceat
	Balanceat	1			Transfers	Gains/	31March
	April2023		Income	Expenditure	in/(out)	(Losses)	2024
		£	£	£	£	£	£
Unrestricted
funds
Designated
funds
ElectionSinking
Fund	40,008		-	(64,121)	24,113
Generalfunds
General
Conservancy
Fund	3,047,279		2,212,057	(2,262,528)	(39,830)	134,919	3,091,897
DefinedBenefit
Pension	-		-	(1,000)	-	1,000
	3,047,279		2,212,057	(2,263,528)	(39,830)	135,919	3,091,897
Total
Unrestricted
funds	3,087,287		2,212,057	(2,327,649)	(15,717)	135,919	3,091,897
Restricted
funds
Windmill
Restoration
Fund	15,957		20,000	(35,957)	-
PutneyLower
Common maintenance	9,379		-	=	.
Horseride
Appeal	35,332		13,119	(11,261)	-
WildlifeGarden
Appeal	3,940		276	(11,721)	7,505
BeverleyBrook
WCBridge
Appeal	2,141		-	-	-
Footpath
Restoration	16,871		59,231	(79,174)	3,072
Bogrestoration
project	-		6,073	(3,287)	-
OrchardPutney
Lower
Common	-		164	-	-		164
				Page51

								Balanceat
	Balanceat	1				Transfers	Gains/	31March
	April2023		Income		Expenditure	in/out	(Losses)	2024
		£		£	£	£	£	£
Queensmere
restoration
project	7,145		-		(12,285)	5,140	-	-
	90,765		98,863		(153,685)	15,717	-	51,660
Totaloffunds	3,178,052		2,310,920		(2,481,334)	-	135,919	3,143,557

						Balanceat
	Balanceat			Transfers	Gains/	31March
	1April2022	Income	Expenditure	in/(out)	(Losses)	2023
	£	£	£	£	£	£
Unrestricted
funds
Designated
funds
ElectionSinking
Fund	20,004	-	-	20,004	-	40,008
Generalfunds
General
Conservancy
Fund	3,093,293	2,018,274	(2,075,385)	69,939	(58,842)	3,047,279
DefinedBenefit
Pension	(2,381,000)	-	(297,000)	-	2,678,000	-
	712,293	2,018,274	(2,372,385)	69,939	2,619,158	3,047,279
Total
Unrestricted
funds	732,297	2,018,274	(2,372,385)	89,943	2,619,158	3,087,287
Restricted
funds
Windmill
Restoration
Fund	19,468	24	(3,535)	-	-	15,957
PutneyLower
Common
maintenance	-	-	-	9,379	-	9,379
Horseride
Appeal	26,355	18,617	(9,640)	-	-	35,332
WildlifeGarden
Appeal	18,115	195	(14,370)	-	-	3,940
Footpath
restoration	9,100	16,553	(8,782)	-	-	16,871
BeverleyBrook
WCBridge
Appeal	15,000	23,800	-	(36,659)	-	2,141
BeverleyBrook
PLCBridge
Appeal	5,509	16,223	(15,129)	(6,603)	-	-
Cricketnets	22,321	17,991	-	(40,312)	-	-
			Page53

							Balanceat
		Balanceat			Transfers	Gains/	31March
	1	April2022	Income	Expenditure	in/(out)	(Losses)	2023
		£	£	E	£	£	£
Purchaseofland		-	12,972	-	(12,972)	-	-
Bogrestoration
project		-	35,388	(35,388)	-	-	-
OrchardPutney
Lower
Common		-	6,631	(3,855)	(2,776)	-	-
Queensmere
restoration project		-	7,145	-	-	-	7,145
		115,868	155,539	(90,699)	(89,943)	-	90,765
Totaloffunds		848,165	2,173,813	(2,463,084)	-	2,619,158	3,178,052

	Unrestricted	Restricted	Total
	funds	funds	funds
	2024	2024	2024
	£	£	£
Tangiblefixedassets	1,334,381	-	1,334,381
Fixedassetinvestments	1,453,784	-	1,453,784
Heritageassets	164,772	-	164,772
Currentassets	450,439	51,660	502,099
Creditorsduewithinoneyear	(251,422)	-	(251,422)
Provisionsforliabilitiesandcharges	(60,057)	-	(60,057)
Total	3,091,897	51,660	3,143,557

		Unrestricted	Unrestricted	Restricted	Total
			funds	funds	funds
			2023	2023	2023
			£	£	£
	Tangiblefixedassets	1,270,905		-	1,270,905
	Fixedassetinvestments	1,468	864	-	1,468,864
	Heritageassets	164,772		-	164,772
	Currentassets	469,628		90,765	560,393
	Creditorsduewithinoneyear	(226,209)		-	(226,209)
	Provisionsforliabilitiesandcharges	(60,673)		-	(60,673)
	Total	3,087	287	90,765	3,178,052
20.	Reconciliationofnetmovementinfundstonetcashflowfromoperating			activities
				2024	2023
				£	£
	Netexpenditurefortheperiod(asperStatementofFinancialActivities)			(35,495)	(348,113)
	Adjustmentsfor:
	Depreciationcharges			83,489	82,929
	Losses/(gains)oninvestments			(134,920)	58842
	Dividends,interestsandrentsfrominvestments			(44,438)	(47,392)
	(Profit)/lossonthesaleoffixedassets			(3,000)	(4,319)
	(Increase)/decreaseindebtors			(41,853)	(45,604)
	Increase/(decrease)increditors			25,213	(328)
	Pensionfundadjustments			1,000	297,000
	Interestcostonprovision			2,256	1,177
	Netcash(usedin)/providedbyoperatingactivities			(147,748)	(5,808)
21.	Analysisofcashandcashequivalents
				2024	2023
				£	£
	Cashinhand			284,038	384,185
	Totalcashandcashequivalents			284,038	384,185

				At	1April		At	31March
					2023	Cashflows		2024
					£	£		£
Cashat	bankand	in	hand		384,185	(100,147)		284,038
					384,185	(100,147)		284,038

	At31March	At31March
	2024	2023
	%	%
Discountrate	4.9	4.8
Futuresalaryincreases	3.9	3.9
Futurepensionincreases	2.9	2.9

	At31March	At31March
	2024	2023
	Years	Years
Mortalityrates(inyears)
-foramaleaged65now	20.8	21.1
-at65foramaleaged45now	22.0	22.3
-forafemaleaged65now	23.3	23.5
-at65forafemaleaged45now	24.7	25.0
TheCharity'sshareoftheassetsintheschemewas:
	At31March	At31March
	2024	2023
	£	£
Equities	3,850,000	4,344,000
Gilts	265,000	521,000
Property	680,000	551,000
Cashandotherliquidassets	1,705,000	345,000
Diversifiedgrowth	564,000	838,000
Multiassetcredit	795,000	711,000
Infrastructure	1,073,000	1,105,000
Totalfairvalueofassets	8,932,000	8,415,000

	2024	2023
	£	£
Currentservicecost	(220,000)	(422,000)
Netinterestincome/(cost)	22,000	(59,000)
Administrativeexpenses	(8,000)	(6,000)
TotalamountrecognisedintheStatementofFinancialActivities	(206,000)	(487,000)

	2024
	£
Openingdefinedbenefitobligation	8,068,000
Contributionsbyschemeparticipants	70,000
Benefitspaid	(320,000)
Servicecost	220,000
Interestexpense	381,000
Changeinfinancialassumptions	(113,000)
Changeindemographicassumptions	(116,000)
Experienceloss onobligation	23,000
Closingdefinedbenefitobligation	8,213,000
MovementsinthefairvalueoftheCharity'sshareofschemeassetswereasfollows:
	2024
	£
Openingfairvalueofschemeassets	8,415,000
Interestincome	403,000
Contributionsbyemployer	205,000
Contributionsbyschemeparticipants	70,000
Returnonassets	167,000
Otheractuarialgain/(losses)	-
Benefitspaid	(320,000)
Administrationexpenses	(8,000)
Closingfairvalueofschemeassets	8,932,000

For	theYearEnded31March2024
		2024	2023
		£	£
	Totalactuarialgains/(losses)ondefinedbenefitpensionscheme
	Returnonassets	167,000	(1,098,000)
	(Increase)inrestrictionofsurplus	(372,000)	(347,000)
	Changeinfinancialassumptions	113,000	4,110,000
	Changeindemographicassumptions	116,000	279,000
	Experiencelossonobligation	(23,000)	(266,000)
	Total	1,000	2,678,000
24.	Financialinstruments
		2024	2023
		£	£
	Financialassets
	Financialassetsmeasuredatfairvaluethroughincomeandexpenditure	1,453,784	1,468,864