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2022-03-31-accounts

Contents
						Page
Charity Reference and	Administrative		Details
Trustees' Annual Report
Independent Auditor's	Report
Statement of Financial	Activities	(Including		Income and Expenditure	Account)	12
Balance Sheet						13
Statement ofCash Flows						14
Notes to the Financial	Statements					15

Old Royal Naval College	Old Royal Naval College
2 Gutty Sark Gardens
London
SE109LW
PKF Littlejohn LLP
Statutory Auditor
15Wesfferry Circus
Canary Wharf
London, E144HD
National Westminster	Bank PLC
1-7Powis Street
Woolwich
London, SE186LE

					2022		2021
				Unrestricted	Restricted
				funds	funds	Total	Total
			Note			6
Income and endowments		from:
Donations and legacies				546,491		546,491	434,036
Charitable activities				880,542	823,014	1,703,556	771,129
Investments				82		82	215
Other income				4,492		4,492	18,863
Total income and endowments				1,431,607	823,014	2,254,621	1 224 243
Expenditure on:
Raising funds				105,209		105,209	66,997
Chaiitable activities			6	1,017,295	1,014,507	2,031,802	1,173,462
Total expenditure				1,122,504	1 014507	2,137,011	1,240,459
Net income I(expenditure)			7	309,103	(191,493)	117,610	(16,216)
Transfers between	funds			~191,493i	191,493
Net movement in funds			15	117,610		117,610	(16,216)
Reconciliation offunds:
Total funds brought	forward		15	147,803		147,803	164,019
Total funds carried	forward		15	265,413		265,413	147,803

				2022	2021
			Note		6
Fixed assets
Tangible assets				3,757	7,646
Current assets
Debtors			12	215,138	28,051
Cash at bank and	in	hand		530,333	619,075
				745,471	647,126
Creditors: amounts		falling due within one year	13	(483,815)	(506,969)
Net current assets				261,656	140,157
Total assets less	current liabilities			265,413	147,803
Net assets
Charitable Company		Funds
Restricted funds			15
Unrestricted funds			15	265,413	147,803
Total charity funds			15	265,413	147,803

Year Ended 31 March 2	022
			2022	2021
		Note	8	6
Cash flow from operating	activities	17	(85,310)	412,326
Net cash flow provided by operating activities			(85,310)	412,326
Cash flow from investing	activities
Payments to acquire tangible fixed assets			(3,432)	(4,403)
Net cash flow (used in) investing activities			(3,432)	(4,403)
Change in cash and cash	equivalents in the year		(88,742)	407,923
Cash and cash equivalents	at 31 INarch		619,075	211,152
Cash and cash equivalents	at 31 March		530,333	619,075
Cash and cash equivalents	consists of:
Cash at bank and in hand			530,333	619,075
Cash and cash equivalents	at 31 March		530,333	619,075

Ye	ar Ended 31 March 2022	ar Ended 31 March 2022
2	Income from donations		and legacies
					2022	2021
					6	6
	Greenwich	Council			80,000	80,000
	Greenwich	Council Discretionary		Grant Fund		39,143
	Arts Council of England				254,091	254,091
	Cultural Recovery Fund				205,451	55,000
	Donations	and legacies			6,949	5,802
					546,491	434,036

Income from charitable activities
	2022 6	2021 f
Grants	1,416,035	656,961
Fees &Other	287,521	114,168
	1,703,556	771,129

				2022	2021
				6	F.
Interest —deposits (unrestricted			funds)	82	215
Other Income
				2022f	2021 6
Consultancy	income			4,492	4,170
Coronavirus	Job Retention	Scheme			14,693
				4,492	18,863

	2022	2021
Payroll	237,684	244,244
Direct Costs	1,707,232	862,234
Depreciation	7,321	6,977
Support Costs	54,451	37,738
Board expenses	1,120	1,219
Audit and accountancy	22,905	20,599
Bank Charges	1,089	1,297
	2,031,802	1,173,838

Net income I(expenditure) is stated after charging:
Depreciation oftangible fixed assets

2022f	2021
7,321	6,977

The average monthly number ofem	ployees during the year was as f	ollows:
		2022	2021
		Number	Number
Charitable activities		6	6
The total staff costs and employees	benefits were as follows:
		2022	2021f
Wages and salaries		210,959	216,100
Social security		20,178	21,160
Pension contributions		6,547	6,984
		237,684	244,244

Tangible fixed assets
	Total
	8
Cost or valuation:
At 1 April 2021	74,869
Additions	3,432
At 31 March 2022	78,301
Depreciation:
At 1 April 2021	67,223
Charge for the year	7,321
At 31 March 2022	74,544
Net book value:
At 31 March 2022	3,757
At 31 March 2021	7,646

12	Debtors
			2022	2021
			6	6
	Trade debtors		30,612	12,750
	Prepayments	and accrued income	177,154	15,301
	Other debtors		7,372
			215,138	28,051

Creditors: amounts f	alling due within one year
		2022	2021
		8	6
Trade creditors		44,485	46,628
Other tax and social security		7,568	6,148
Accruals and deferred	income (see note 14)	431,762	454,193
		483,815	506,969

Deferred	incom	e
			Total
			F
At 1 April	2021		248,671
Additions	during	the year	48,610
Amounts	released to income		(248,671)
At 31 March 2022			48,610

	Balance at 1				Balance at 31
	April 2021 F	Income F	Expenditure f	Transfers f	March 2022 F
Unrestricted		1,431,607	(1,122,504)	(309,103)
Designated	147,803			117,610	265,413
	147,803	1,431,607	(1,122,504)	(191,493)	265,413
	Balance at 1				Balance at 31
	April 2020 f	Income	Expenditure	Transfers	March 2021 f
Unrestricted		786,103	(587,438)	(198,665)
Designated	164,019		(16,216)	-	147,803
	164,019	786,103	(603,654)	(198,665)	147,803

Restricted	funds
		Balance at 1				Balance at 31
		April 2021 F	Income f	Expenditure f	Transfers f	March 2022 f
Restricted			823,014	(1,014,507)	191,493
			823,014	(1,014,507)	191,493
		Balance at 1				Balance at 31
		April 2020 F	Income f	Expenditure f	Transfers F	March 2021 f
Restricted			438,140	(636,805)	198,665
			438,140	(636,805)	198,665

			2022	2021
			E	F
Net expenditure for the	year		117,610	(16,216)
Depreciation oftangible	fixed	assets	7,321	6,977
(Increase) / decrease in	debtors		(187,087)	65,471
Increase / (decrease) in	creditors		(23,154)	356,094
Net cash flow from operating		activities	(85,310)	412,326

				Income	Expenditure
				E	6
Royal Borough of Greenwich	represented	by Miranda	Williams
At March 2022				176,000
At March 2021				119,143