## **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 maintain regular public access to the Church - To develop a Friends organization to support its objectives • 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: - the accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the accounts do not accord with those records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. 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** - 1 **Accounting policies** ## **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** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. - Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. - Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. - Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets 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