OLD ROYAL NAVAL COLLEGE CHAPEL FUND
TRUSTEES’ ANNUAL REPORT 2021/2022
This is the Annual Report of the Trustees of the Old Royal Naval College Chapel Fund (“the Chapel Fund”) for the year ending 31 March 2022.
The Chapel Fund’s registered charity number is 1073436 and its address is The Old Royal Naval College Chapel, Greenwich, London SE10 9LW.
The current Trustees are as follows:
Sir Nicolas Bevan CB Chairman Mr Omar Al-Hajali Treasurer Mr Robert Henderson Mrs Marjorie Ouvry Mr Howard Jones
During the period covered by the report Mr Roger Falconer served as a Trustee until 19 January 2022 in the place of Mr Jones and Rev Patricia Mann served as a Trustee until her retirement from the post of Chaplain of the Old Royal Naval College Chapel on 31 March 2022.
The Chapel Fund is a charitable trust established by a Trust Deed dated 22 November 1998. Five of the Trustees are appointed by the Chaplaincy Council of the Old Royal Naval College Chapel for a renewable term of 4 years; the sixth Trustee is the Chaplain of the Old Royal Naval College Chapel ex officio . Currently there is no Chaplain in post.
The objects of the Chapel Fund are
-
To contribute towards the costs of maintaining religious services and music in the Chapel in accordance with the policy and established procedures of the Chaplaincy Council;
-
To make donations for charitable purposes in accordance with the policy and established procedures of the Chaplaincy Council.
During the period covered by the Annual Report the Chapel Fund contributed about £26,080 towards the costs of maintaining religious services and £8,250 towards the costs of maintaining music in the Chapel. The Fund also donated £10,500 to the Diocese of Southwark to help meet Church overheads and made donations totalling £8,005 for other charitable purposes. In exercising their duties the Trustees have had regard to the guidance issued by the Charity Commission on public benefit.
The principal source of the Chapel Fund’s regular income derives from donations made by members of the congregation. The gradual easing of the restrictions put in place to mitigate the effects of coronavirus allowed Chapel services to take place throughout the year with congregations recovering towards pre-Covid levels. This in turn led to a recovery in collection income, which more than offset a reduction in income from one-off donations. Taken with lower than expected expenditure on the Chapel lift and regular expenditure remaining at a reduced level, this resulted in a substantial improvement in the Fund’s financial position compared with the previous year. The Trustees expect regular expenditure to rise towards previous levels and they will continue to keep a close eye on the financial health of the Fund.
In the course of the year the Trustees have reviewed and, with amendments where appropriate, confirmed the validity of their written policies on complaints, conflict of interest, data protection, health and safety, management of volunteers, reserves and investments and risk management; and have satisfied themselves that their internal financial control procedures remain appropriate. Risk management is of particular importance and the Trustees are satisfied that the risks facing the Fund have been correctly identified and that appropriate procedures and arrangements (including insurance) are in place to minimise those risks or mitigate their effects.
The Chapel Fund has no long-term commitments, though some funds are committed for up to a year ahead. Much of the Fund’s expenditure automatically varies in accordance with income or can readily be adapted to changes in income. There is therefore no pressing requirement to retain a high level of reserves, though as a matter of good practice the Trustees expect to retain at least sufficient cash to meet an average of 4 months’ day-to-day expenditure, judged on a historical basis. At 31 March 2022 this objective was fully met.
The Trustees declare that they have approved this Annual Report.
Signed on behalf of the Chapel Fund Trustees
Sir Nicolas Bevan (Chairman of the Trustees)
1 June 2022
TREASURER’S REPORT THE OLD ROYAL NAVAL COLLEGE CHAPEL FUND FUND BALANCE AS AT 31 MARCH 2022
| Assets TSB Main Account TSB Gift Aid Account COIF Deposit - Main Account Cash Gift Aid Tax repayment due Tax relief due on George Greaves legacy Total Assets Liabilities Outstanding charity donations (Jan-Mar) Diocesan contribution Chapel Lift Plaque for Chapel Lift Ante-Chapel Scaffolding Music expenditure from Greaves bequest Total Liabilities Balance |
31 March 2022 31 March 2021 0 17,298 59,862 33,285 218 218 |
|---|---|
| 60,080 50,801 11,736 9,189 607 |
|
| 71,816 60,597 1,605 570 7,875 7,875 0 5,661 0 1,500 1,680 0 2,282 2,282 |
|
| 13,442 17,888 |
|
| 58,374 42,709 |
TREASURER’S REPORT THE OLD ROYAL NAVAL COLLEGE CHAPEL FUND INCOME AND EXPENDITURE: 1 APRIL 2021– 31 MARCH 2022
| Income Coffee/tea collections Collections Standing order donations One off donations Other donations GA HMRC Tax Refund (2019-20) Charity box Choir supper and Carol service Bake sales Total Income Expenditure Greenwich Foundation Diocesan contribution Chapel Lift Charitable donations Chapel Supplies Subscriptions Flowers Chaplain's expenses Chapel secretary Gifts ULEZ Organist Music contribution Christmas tree Choir supper and carol service Sound system Harvest lunch Insurance Contactless Transaction Fees Total Expenditure Income in excess of Expenditure |
931 14,032 23,585 11,491 1,008 9,796 772 1,412 754 |
|---|---|
| 63,781 19,200 10,500 304 8,005 604 215 223 798 2,663 300 588 6,100 2,000 458 1,573 394 51 490 35 |
|
| 54,501 | |
| 9,280 |
TREASURER’S REPORT THE OLD ROYAL NAVAL COLLEGE CHAPEL FUND CHARITABLE DONATIONS: 1 APRIL 2021 – 31 MARCH 2022
| Charities of the Month | ||
|---|---|---|
| Action Aid (Apr) | 415 | |
| Seafarers UK (May) | 410 | |
| Action For Hope (Jun) | 400 | |
| Send A Cow (Jul) | 400 | |
| Greenwich Foodbank (Aug) | 440 | |
| Deptford Reach (Sep) | 480 | |
| TL Student Hardship Fund (Oct) | 445 | |
| Royal British Legion (Nov) | 980 | |
| Honeypot (Dec) | 415 | |
| Haven House (Carol Service Charity) | 650 | |
| Greenwich, Deptford and Rotherhithe Sea Cadets Unit (Jan) | 495 | |
| King's College TLC Appeal (Feb) | 500 | |
| Bishop's Lent Call (Mar) | 505 | |
| 6,535 | ||
| Other Charitable Donations | ||
| DEC Afghanistan Appeal | 500 | |
| DEC Ukraine Appeal | 1,000 | |
| Greenwich Foodbank | 900 | |
| 2,400 | ||
| Total Charitable Donations | 8,935 | |
| Sir Nicolas Bevan | Mr. Omar | Al-Hajali |
| Chairman of Trustees | Treasurer |
Notes
Rounding
In line with the Charity Commission’s current guidance, all figures have been rounded to the nearest pound. As a result, the sum of individual items may not fully reconcile with the totals
Independent Examinees Report to the Trustees of the Old Royal Naval College Chapel Fund report to the Trustees on MF examination nf the accounts of The Old Ro)}-al Naval College ("hapel Fund for the l.ear ended 31 Nlarch 21R2 Re8poThsibilxtie8 and basis of report As the charit}: Trustees of thc Flind l'ou are respni)sil)le f<)r th¢ preparaunn n( the accnunts in accordance with Ihe rcquirem¢nts of the Chariues Aci 2011 ("the Act,). report in respecr of m). examination of the Fund's accounis canied out under s¢ction 145 of the Acr and in carrj.ing oui m!. e¥amiftation T have fOllU"¢d al] the applicable Directio)ns llell bl the Chariti, Con)mi%sinn under becuon 145(5)(b) L)f the Act. Independent Examiner's statement I have completed m) examination. I COnfn thar no material matters have cnme to m! atrention in connecuun with the examination giving me cause to bLlieve that in an), material rc'.è+PeCI: l. Accuunting recnrds were not kept in resP¢Ct of the Fund as required by secuon 130 of the Act: ur 2. The accnunts do not accord iTrith rhvse records. I have no concerns and hai'e come across nv vthv.r matLers in cunncLtion 7th the e.xaminatio)n to which attentivn should be draTIl in thi5 repnrt in urd¢r ro enablc a proper understanth. g of the accounts to be reached. Signed: Name: Date: