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2020-12-31-accounts

Woolwich Garrison Church Trust

Charity No. 1168633

Trustees' Report and Unaudited Accounts

31 December 2020

Woolwich Garrison Church Trust Contents

Pages
Trustees' Annual Report 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9 to 16
Statement of Cash flows 17
Detailed Statement of Financial Activities 18 to 19

Page 1

Woolwich Garrison Church Trust Trustees Annual Report

The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2020.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1168633

Principal Office

White House Crooms Hill London SE10 8HH

Trustees

The following Trustees served during the year:

S. Ahmad T. Barnes D. Beattie A. Blundy J.R. Cordner P. Franklin D. Gardner S. Gough J. James S. Offord K. Timbers (Resigned 11 February 2020)

P. Waller

C. Young

Key Management Personnel

Chairman Tim Barnes QC Secretary Andrew Blundy Treasurer John Cordner

Accountants

Thomson Wood Chartered Accountants 30 East Coast Beacon Road Bournemouth Dorset BH2 5EW

Bankers

Handelsbanken 1 Creswell Park Blackheath London SE3 9RD

Page 2

Woolwich Garrison Church Trust Trustees Annual Report

OBJECTIVES AND ACTIVITIES

• To accept from Heritage of London Trust Operations Limited a long lease of the Listed Building known as St Georges Garrison Church, Woolwich, and the land adjacent thereto

• To fund raise on behalf of the Church and to complete the restoration of subsisting parts of the Church (substantially a ruin), to ensure its enhancement by landscaping, and to maintain the mosaics and surviving parts of the Church in a good state of repair

• To use the Church for services and inter-faith events and for community events appropriate to its history, military connections and Listed Building Status

• To provide an education centre for people to learn about the history of the Church, its connections with the Royal Artillery and the people of Woolwich, and the significance of the Victoria Cross memorial

The year was devastated by the effects of the Covid Virus and the consequent lockdown. Most of our activities had to be cancelled, but we retained the Sunday openings so that people could take their daily exercise by visiting and walking around the Church.

We were fortunate that we were able to host the Greenwich and Docklands International Festival at a time when the Covid restrictions were relaxed. An imaginative dance piece called Black Victorians, choreographed by Jeanefer Jean-Charles and highlighting and celebrating the diverse black presence in 19th and early 20th Century Britain was performed on 2 days.

ACHIEVEMENTS AND PERFORMANCE

Our website has continued to provide details of activities and future plans for the Church as a result of the tireless hard work of Clive Lambert, who was appointed a trustee on 26 May 2021. Among the plans actively advanced was the erection of new railings and a gate in the north porch, to match those in the south porch. When the Woolwich Garrison Church Trust took responsibility for the Church there was an ugly above ground septic tank in the north porch. That was removed by Berkeley Homes when they installed the new drainage system connecting with a Balmoral tank outside the church on the south side.

The concrete base of the north porch had to be excavated and re-laid with York stones, and then there is the additional cost of building and erecting the railings and the gate. These are to be made by the Wheely Down Forge who made the central gates, designed by Peter Preston of Manifest Design of Oxford. The gates have been much admired and won a national award for the best New Design in a Heritage Setting . During the course of this year we were able to obtain funding both from Historic England and the Ironmongers Company which, (together with contributions from the WGCT) will enable this work to be completed in 2021. That will complete the works to the west end of the Church.

The restoration work to the original altar was completed this year by Opus Conservation, again with generous funding from Historic England. A cover will be put over the altar during the winter months to protect it, but will be removed for events such as the Remembrance Day Service and Carol Service.

We were delighted to succeed in our bid to the Armed Forces Covenant Fund for a grant to arrange a programme of activities in 2021, designed to bring the military family and the local community closer together. Part of the funding will cover the cost of an administrator to help the trustees with these events. As a foretaste of the kind of event which we have in mind we held an enjoyable Christmas Carol Service in December, which was well attended, including representatives of the Royal Borough of Greenwich Council.

Page 3

Woolwich Garrison Church Trust

Trustees Annual Report

We have applied for a Ward Council grant to provide an attractive Notice Board outside the Church. We need a means of communicating to the passers-by when the Church is open, what events are planned for the near future and how they can seek to book the Church for events such as weddings, which we hope will produce an income stream going forwards.

The major challenge, which confronts the Trustees is the work involved in laying stone on top of the unattractive concrete screed in the Chancel. This is made more technically challenging by the vulnerability of the original brick arches in the crypt below, which might be de-stabilised by the weight of the additional slabs above. Berkeley Homes, which has been a very generous supporter of the Garrison Church, has instructed a structural engineer in the hope that a solution can be found. If we had to fund the works on a commercial basis it would be beyond the means of the Trust to do it, without a major fund-raising effort. The trustees would not embark on such a major piece of work without the funding committed to cover the cost.

Again, I would like to thank my fellow trustees for their contribution to the work of the Trust throughout a difficult year. Our 2 stalwart volunteers Rita Hayes and Derek Crompton have also been an invaluable source of support ensuring that the church is open on Sundays throughout the year.

FINANCIAL REVIEW

The Charity is reliant on a mix of donations from the public and grants. In 2020, voluntary income was £31,721 (2019 £21,134) against costs of running the charity of £2,576 (2019 £12,118) and expenditure incurred on charitable activities of £13,910 (2019 £8,549).

During the year, the Charity was pledged two grants from Historic England and the Armed Forces Covenant Fund of £10,192 and £15,000 respectively. Expenditure against these grants was incurred in 2021.

The Charity has not been able to hold many of its planned events during 2020 due to the coronavirus pandemic. As a result, income from such events has been greatly reduced from expected levels.

This situation has continued into much of 2021.

Reserves policy

The trustees aim to maintain free reserves in unrestricted funds at a level, which equates to approximately 6 months of unrestricted charitable expenditure. The trustees consider that this level will provide sufficient funds to respond to applications for grants and ensure that there are sufficient funds available to cover support and governance costs.

PLANS FOR FUTURE PERIODS

I mentioned our plans for a Commonwealth and Gurkha Garden in my last Chairman’s Report. We have now taken this to a new stage by commissioning Juliet Sargeant to prepare plans and concepts for the Garden. Juliet is the first black woman to win a Gold Medal at Chelsea for garden design. The trustees are excited by her outline drawings and will be commissioning her to take these forward so that we can have an attractive package with which to launch the fund raising campaign in 2021.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Woolwich Garrison Church Trust is a Charitable Incorporated Organisation (CIO) governed according to the constitution dated 1st December 2015.

At every annual general meeting of the members of the Trust, one third of the trustees shall retire from office. If the number of trustees is not 3 or a multiple of 3 then the number nearest to one third shall retire from office, but if there is only one trustee he or she shall retire.

Page 4

Woolwich Garrison Church Trust Trustees Annual Report

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

T. Barnes Trustee 23 November 2021

Page 5

Woolwich Garrison Church Trust Independent Examiners Report

Independent Examiner's Report to the trustees of Woolwich Garrison Church Trust

I report to the trustees on my examination of the accounts of Woolwich Garrison Church Trust for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Stephen Wood FCA Thomson Wood Chartered Accountants 30 East Coast Beacon Road Bournemouth Dorset BH2 5EW 23 November 2021

Page 6

Woolwich Garrison Church Trust Statement of Financial Activities

for the year ended 31 December 2020

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Total
Expenditure on:
Charitable activities
6
Other
7
Total
Net gains on investments
Net income
8
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricte
d funds
2020
£
5,304
-
1,225		 Restricted
funds
2020
£
25,192
-
-		 Total funds
2020
£
30,496
-
1,225		 Total funds
2019
£
19,461
1,673
-
6,529
13,910
2,576		 25,192
-
-		 31,721
13,910
2,576		 21,134
8,549
12,118
16,486
-		 -
-		 16,486
-		 20,667
-
(9,957)
-		 25,192
-		 15,235
-		 467
-
(9,957) 25,192 15,235 467
(9,957)
16,046		 25,192
-		 15,235
16,046		 467
15,579
6,089 25,192 31,281 16,046

Page 7

Woolwich Garrison Church Trust Balance Sheet

at 31 December 2020

Charity No. 1168633
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors:Amount falling due within one year
13
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
14
Restricted income funds
Unrestricted funds
14
General funds
Total funds		 2020
£
3,372
3,372
13,088
27,267
40,355
(12,446)
27,909
31,281
31,281
31,281
25,192
25,192
6,089
6,089
31,281		 2019
£
3,710
3,710
-
20,577
20,577
(8,241)
12,336
16,046
16,046
16,046
-
-
16,046
16,046
16,046

Approved by the trustees on 23 November 2021

And signed on their behalf by:

T. Barnes Trustee 23 November 2021

Page 8

Woolwich Garrison Church Trust Notes to the Accounts

for the year ended 31 December 2020

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Page 9

Woolwich Garrison Church Trust Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Other expenditure These are support costs not allocated to a particular activity.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Leasehold property 4% straight line Plant & machinery 20% straight line Fixtures and fittings 20% straight line

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 10

Woolwich Garrison Church Trust Notes to the Accounts

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Statement of Financial Activities - prior year

Income and endowments from:
Donations and legacies
Charitable activities
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2019
£
19,461
1,673
21,134
8,643
12,024
20,667
467
467
467
15,579
16,046		 Total funds
2019
£
19,461
1,673
21,134
8,643
12,024
20,667
467
467
467
15,579
16,046

Page 11

Woolwich Garrison Church Trust Notes to the Accounts

3 Income from donations and legacies

Individuals
Grants
Membership subscriptions
4
Income from charitable activities
Fundraising events
5
Income from other trading activities
Hire of Church premises
6
Expenditure on charitable activities
Expenditure on charitable
activities
Fundraising events
Repairs and maintenance
Governance costs		 Unrestricted
£
1,004
4,000
300
5,304		 Restricted
£
-
25,192
-
25,192
Unrestricted
£
1,225
1,225
Unrestricted
£
-
13,910
13,910		 Total
2020
£
1,004
29,192
300
30,496
Total
2020
£
-
-
Total
2020
£
1,225
1,225
Total
2020
£
-
13,910
13,910		 Total
2019
£
2,593
16,368
500
19,461
Total
2019
£
1,673
1,673
Total
2019
£
-
-
Total
2019
£
1,959
6,590
8,549

Page 12

Woolwich Garrison Church Trust Notes to the Accounts

7 Other expenditure

7 Other expenditure
Unrestricted Total Total
2020 2019
£ £ £
Advertising 254 254 122
Premises costs 50 50 3,147
Amortisation, depreciation,
impairment, profit/loss on 587 587 524
disposal of fixed assets
General administrative costs 1,325 1,325 1,862
Legal and professional costs 360 360 6,463
2,576 2,576 12,118
8 Net income before transfers
2020 2019
This is stated after charging: £ £
Depreciation of owned fixed assets 587 524
Independent Examiner's fee 360 -
9 Trustee remuneration and expenses
One or more of the trustees has been paid expenses in the current or prior periods.
2020 2019
Number Number
Number of trustees paid expenses - 1
The nature of the reimbursed expenses During 2019, expenses totalling £414 were incurred by one
trustee, who was reimbursed £410 in the year. During
2020, no trustees incurred expenses and none were
reimbursed.

£ £ Total expenses reimbursed to trustees - 410

10 Staff costs

Salaries and wages, allocated to:

No employee received emoluments in excess of £60,000.

Page 13

Woolwich Garrison Church Trust

Notes to the Accounts

11 Tangible fixed assets

Tangible fixed assets
Cost or revaluation
At 1 January 2020
Additions
At 31 December 2020
Depreciation and
impairment
At 1 January 2020
Depreciation charge for the
year
At 31 December 2020
Net book values
At 31 December 2020
At 31 December 2019		 Leasehold
property
£
2,200
-
2,200
125
88
213
1,987
2,075		 Plant &
machinery		 Fixtures and
fittings
£
500
-
500
267
100
367
133
233		 Total
£
4,549
249
£
1,849
249
2,098
447
399
846
1,252
1,402
4,798
839
587
1,426
3,372
3,710

Heritage assets

On 6th August 2018, the London Historic Buildings Trust (formerly Heritage of London Trust Operations) made a grant of a 25-year lease to the Woolwich Garrison Church Trust in respect of St George’s Garrison Church.

The lease allows the Trust to “quietly enjoy the Premises… without any interruption or disturbance by the Landlord”. The annual rent has been fixed at £100 plus VAT per annum for the term of the lease. There was a lease premium paid of £1,000 plus VAT.

The Charity believes the Church falls within the definition of a heritage asset as defined by the Charities SORP, in that it is an historical building held and maintained principally for its contribution to knowledge and culture. It serves as a place of remembrance, has memorials to service personnel and is available as an attraction within the local community.

The Charity has decided not to recognise the Church in its balance sheet for the following reasons:

Firstly, the Church was gifted under a 25-year lease. This would require the Charity to disclose the gift of the building as a donation in the Statement of Fund Activities and then depreciate the building over the next 25 years. To do so, would likely distort the accounts to the point where they no longer presented a true and fair view of the activities of the Charity.

More so, valuing the Church is problematic in itself as the building is a ruin, having been bombed during WW11. Valuing the ruin would likely be quite onerous for such a small charity and the value of doing so has to be questioned.

Recognition has only been made of the lease premium on the Church and associated legal costs.

Page 14

Woolwich Garrison Church Trust Notes to the Accounts

12 Debtors

Other debtors
Prepayments and accrued income
13 Creditors:
amounts falling due within one year
Loans from trustees
Other creditors
Accruals and deferred income		 2020
£
10,942
2,146
13,088
2020
£
-
11,604
842
12,446		 2019
£
-
-
-
2019
£
30
7,737
474
8,241
14 Movement in funds
Restricted funds:
Restricted income funds:
Armed Forces Covenant Fund
Historical England
Total
Unrestricted funds:
General funds
Revaluation Reserves:
Total funds		 At 1 January
2020
-
-
-
16,046
16,046		 Incoming
resources
(including
other
gains/losses
)
£
15,000
10,192
25,192
6,529
31,721		 Resources
expended
£
-
-
-
(16,486)
(16,486)		 At 31
December
2020
£
15,000
10,192
25,192
6,089
31,281

Purposes and restrictions in relation to the funds: Restricted funds: Armed Forces Covenant Fund To arrange a programme of activities in 2021, designed to bring the military family and the local community closer together. Part of the funding will cover the cost of an administrator to help with these events.

Historical England A grant received from Historic England towards the North porch restoration works

Page 15

Woolwich Garrison Church Trust Notes to the Accounts

15 Analysis of net assets between funds

15 Analysis of net assets between funds
Fixed assets
Net current assets
16 Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1 January
2020
£		 Unrestricted
funds
£
3,372
27,909
31,281
Cash flows
£		 Total
£
3,372
27,909
31,281
At 31
December
2020
£
20,577 6,690 27,267
20,577
20,577		 6,690
6,690		 27,267
27,267
17 Related party disclosures
Transactions with related party
Name of related party
Hammond & Co
Description of relationship
between the parties
Hammond & Co is an accountancy practiced
owned by Mr J Cordner, the treasurer
Description of transaction
and general amounts
involved
Hammond & Co provides the bookkeeping
software to the Charity. Hammond & Co
provides the software at the retail cost.
Amount due to the related party		 2020
£
432		 2019
£
420

Page 16

Woolwich Garrison Church Trust Statement of Cash flows for the year ended 31 December 2020

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
(Increase)/Decrease in trade and other receivables
Increase in trade and other payables
Net cash provided by operating activities
Cash flows from investing activities
Payments for property, plant and equipment
Net cash used in investing activities
Net cash from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2020
£
15,235
587
(13,088)
4,205
6,939
(249)
(249)
-
6,690
20,577
27,267		 2019
£
467
524
394
3,574
4,959
(504)
(504)
-
4,455
16,122
20,577
Components of cash and cash equivalents
Cash and bank balances 27,267 20,577
27,267 20,577

Page 17

Woolwich Garrison Church Trust Detailed Statement of Financial Activities

for the year ended 31 December 2020

Income and endowments from:
Donations and legacies
Individuals
Grants
Membership subscriptions
Charitable activities
Fundraising events
Other trading activities
Hire of Church premises
Total income and endowments
Expenditure on:
Charitable activities
Fundraising events
Repairs and maintenance
Total of expenditure on charitable
activities
Other expenditure
Advertising
Premises costs
Rent
Premises insurances
General administrative costs,
including depreciation and
amortisation
Depreciation of Plant &
machinery
Depreciation of Fixtures and
fittings
Bank charges
Equipment expensed
General insurances
Postage and couriers		 Unrestricte
d funds
2020
£
1,004
4,000
300
5,304
-
-
1,225
1,225
6,529
-
13,910
13,910
13,910
254
254
50
-
50
587
-
18
-
716
-		 Restricted
funds
2020
£
-
25,192
-
25,192
-
-
-
-
25,192
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
2020
£
1,004
29,192
300
30,496
-
-
1,225
1,225
31,721
-
13,910
13,910
13,910
254
254
50
-
50
587
-
18
-
716
-		 Total funds
2019
£
2,593
16,368
500
19,461
1,673
1,673
-
-
21,134
1,959
6,590
8,549
8,549
122
122
120
3,027
3,147
-
524
24
85
620
14

Page 18

Woolwich Garrison Church Trust Detailed Statement of Financial Activities

Software, IT support and related
costs
Stationery and printing
Sundry expenses
Legal and professional costs
Independent examination fees
Consultancy fees
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 498
93
-
1,912
360
-
360
2,576
16,486
-
(9,957)
(9,957)
-
(9,957)
16,046
6,089		 -
-
-
-
-
-
-
-
-
-
25,192
25,192
-
25,192
-
25,192		 498
93
-
1,912
360
-
360
2,576
16,486
-
15,235
15,235
-
15,235
16,046
31,281		 384
378
357
2,386
-
6,463
6,463
12,118
20,667
-
467
467
-
467
15,579
16,046

Page 19