## **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
1. 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;
2. 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: