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|Contents|||||||
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|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|
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|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||
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||||||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|
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|||||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|
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|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|
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|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|
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|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|
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||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|
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|Net income I(expenditure)
is stated after charging:|
|---|
|Depreciation
oftangible
fixed assets|
|2022f|2021|
|---|---|
|7,321|6,977|
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|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|
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|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|
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|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|
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|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|
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|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|
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||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||
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||||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|
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|||||Income|Expenditure|
|---|---|---|---|---|---|
|||||E|6|
|Royal Borough of Greenwich|represented|by Miranda|Williams|||
|At March 2022||||176,000||
|At March 2021||||119,143||