WIMBLEDON GUILD OF SOCIAL WELFARE

Company number

00383330

Status

Active

Incorporation

1943-10-15

Last accounts made up

2025-03-31

Account category

FULL

Primary SIC

88100

Hubs

UK Healthcare

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Subsidiaries

• WG Promotions Limited · 100% held · England and Wales · Dormant since 1st April 2016.
• Springfield Court Wimbledon Limited · 100% held · Not trading.

Significant events

• “In 2024-25 we revisited our Business Plan, supported by consultants from the Centre for Charity Effectiveness at Bayes Business School. We identified that growing demand for our services was placing significant pressure on our financial resources (primarily our investment portfolio), which have been adversely affected by global events. The scale of our investment portfolio allows us to take a longer-term view and manage market fluctuations, but there is a recognition that our capital is gradually reducing over time. Trustees wished to take steps to address this.”
• “As part of the Business Plan review, we also revised our Guild House redevelopment strategy. Our intention for a number of years had been to demolish Drake House and build a new replacement for Guild House on the 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 timing and value of any potential Guild House disposal and uncertainty about the planning process, combined with the wider risks linked to a substantial newbuild project, were too great. We now plan to refurbish Guild House, with work on site scheduled for 2026 and preliminary design work currently underway.”
• “We envisage that our new Morden Base will continue to have a significant impact on communities that we do not ordinarily reach. Since it opened in early 2024 visitor numbers are increasing as our marketing initiatives take effect and word of mouth spreads.”
• “During the year we closed our grief support service due to funding constraints and three staff members were made redundant.”
• “In order to support the charitable activities of Wimbledon Guild, and with the approval of the Board, £1,570,000 was withdrawn from the portfolio managed by Cazenove/CCLA made up of £932,733 from the expendable endowment and £637,237 of Investment income.”
• “The investment portfolio valuation has fallen over the last quarter of the year and produced an overall loss of £578,485 (2023/24: £934,822 gain).”
• “We changed investment managers during the year.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers