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2021-12-31-accounts

Woolwich Garrison Church Trust

Charity No. 1168633

Trustees' Report and Unaudited Accounts

31 December 2021

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 2021.

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 OBE

A. Blundy J.R. Cordner

P. Franklin

D. Gardner Shane. The Viscount Gough

J. James

S. Offord

P. Waller

Key Management Personnel

Chairman Secretary Treasurer

Tim Barnes QC Andrew Blundy John Cordner

Bankers

Handelsbanken 1 Creswell Park Blackheath London SE3 9RD

Page 2

Woolwich Garrison Church Trust Trustees Annual Report

OBJECTIVES AND ACTIVITIES

CHAIRMAN'S REPORT

Improvements

This year saw the completion of the work to the North Porch funded jointly by Historic England, The Ironmongers Company and the Woolwich Garrison Church Trust. New York Stone paving slabs have been laid and new railing and gates installed. These were made by the Wheely Down Forge in Hampshire and match the railings in the South Porch and the central gates. The improvements to the west end of the Church have now been completed.

The other improvement that we made this year was the purchase and erection of a purpose-built Notice Board outside the Church. This was made possible by funding from the Greenwich Growth Fund. The Board is attractive to look at and provides an effective medium to notify the local community of forthcoming events at the Church and indicate how they might hire the venue for parties, weddings or other personal events, such as Christenings.

The Armed Forces Covenant Fund

We were fortunate in 2021 to receive a generous grant from The Armed Forces Covenant Fund. This was to bring the military family in Woolwich and the local Community closer together. The Barracks opposite the Church are fully operational with a large contingent made up of members of the Kings Troop, the Princess of Wales Regiment and the Royal Artillery. The grant enabled us to organise a series of free events including mothers and children parties each week during the summer , and monthly free film shows in the Church between April and September. We were also able to employ an Administrator to co-ordinate all our activities.

Two of the best enjoyed events supported by the Fund were a re-telling of The Hare and the Tortoise by the Tramshed Theatre and The Teddy Bears Picnic performed by the Rah-Rah Theatre. Then there was the act put on by Maxwell-Africa’s only Bubbleologist. Dressed like the Pied Piper he blew ever larger bubbles with a troupe of children dancing after him trying to prick them.

Religious Services

The Garrison Church remains Consecrated Ground and the holding of Services is an important part of our responsibilities. The Remembrance Sunday Service was attended by a large number of military personnel as well as by organisations within the Royal Borough of Greenwich including the Council, the Mayor, our MP, the Judges from the local Crown Court, and the local Service cadets. It was a moving occasion.

Page 3

Woolwich Garrison Church Trust Trustees Annual Report

The delayed St Georges Day Service for cadets from the 3 Services as well as local volunteer groups from the St Johns Ambulance and the Scouts took place in June with the Air Force Cadets Band performing in their first public performance since lockdown.

A few weeks later our annual Inter-Faith service was held at the Church. This brought together representatives form many differing faiths and the Service was conducted by the Archdeacon of Woolwich.

Other events

A memorable wedding celebration was held in a beautiful marquee erected within the Church on a fine summer’s day The bridegroom was one of our trustees. The bride was radiant and there was a large gathering of relatives and friends.

Our annual Open-Air Shakespeare Play this year was Midsummer Night's Dream performed by the Heartbreak Theatre Company. A doubling up of many of the roles added to the novelty of the production which took place on a perfect summer evening. The performance started with the setting sun brilliantly illuminating the mosaic of St George and the Dragon at the east end of the Church. The stage lighting came on during the evening.

The World Food and Music Day involved Nepali, Indian, Japanese, Italian and English food stalls. The musical elements were provided by 2 singers with their separate backing groups blending African and Middle Eastern sounds.

Greenwich and Docklands International Festival returned to the Church with a full-length dance piece called Black Victorians choreographed by Jeanefer Jean-Charles. This was a sell-out over 2 days. Also, part of the Festival was Protein Dance’s event in which the Church was one of the stopping off places for their dance performance en route from Woolwich Common to the Town Centre.

The Commonwealth and Gurkha Garden

This Garden has been designed for us by Juliet Sargeant the well-known garden designer. As a Chelsea gold medallist , and with a Tanzanian father, she is the ideal person to design it. There is no other such garden in the UK.

The launch of the Garden Project occurred in July and was attended by HRH The Duke of Gloucester and Lord Bilimoria, ( the 2 Patrons of the Garden scheme) , and by Dame Joanna Lumley. There was a dramatic production of the life of Havildar Umrao Singh, ( the last name on the VC Memorial in the Church) by the Nutkhut Theatre Company and a performance of a Beethoven String Quartet by the Waldstein Quartet from Trinity College of Music.

In December we held a Dinner and Auction of Promises at the recently restored Officers Mess at Woolwich Barracks ( the first such event since Covid struck). About 100 guests contributed generously to the various promises and the event raised £8,000 for the Garden.

But this is a long-term project. We hope to raise the necessary funding in 2022 and into 2023 and for the garden to be built and open to the public by 2024. The designs for the garden have been universally welcomed . They include zig zag paths, a water feature, a large decked area for events and performances, raised beds growing a variety of flora from the Commonwealth and Nepal, and murals.

Administration

The Woolwich Garrison Church Trust is a small charity with no paid staff apart from our Administrator ( full time during the summer and part time in the winter.) and much of the work is done by fellow trustees and volunteers to whom I am exceedingly grateful. We are helped on occasions by the Army personnel from the Barracks who lend us their splendid bell tents..

Page 4

Woolwich Garrison Church Trust Trustees Annual Report

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.

FINANCIAL REVIEW

The Charity is reliant on a mix of donations from the public and grants. In 2021, voluntary income was £65,526 (2020 £31,721) against costs of running the charity of £xx (2020 £2,576) and expenditure incurred on charitable activities of £54,971 (2020 £13,910).

During the prior 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.

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.

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 20 October 2022

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 2021.

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 under s.144(2) of the Act and that an independent examination is needed.

The report on the examination of the charity's accounts was carried out under s.145 of the Act and following the applicable Directions given by s.145(5)(b) of the Act.

Independent examiner's statement

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

I note that the Treasurer for the period under review subsequently resigned amid concerns on their part regarding the financial management of the Trust. Their successor has prepared these accounts and is also ensuring that any necessary overhaul of the financial processes of the Trust is carried out to ensure sound and transparent financial management in the future.

I 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.

John Cockrell

Independent Examiner 35 Woodside Road Essex IG8 0TW 13[th] October 2022

Page 6

Woolwich Garrison Church Trust Statement of Financial Activities

Statement of Financial Activities for Year ended 31 December 2021 Statement of Financial Activities for Year ended 31 December 2021 Statement of Financial Activities for Year ended 31 December 2021
2021
 2020
Total
Funds
All figures in £
Notes
Unrestricted
Restricted
Tl Fd
Funds
Funds
ota uns
Income & Endowments 26,999
24,419
51,418
355
11,090
11,445
2,663
-
2,663		 30,496
-
1,225
Donations & Legacies
3
Charitable Activities
4
Other trading activities
5
30,017
35,509
65,526		 31,721
Expenditure 12,896
42,075
54,971
6,782
4,516
11,299		 13,910
2,576
Charitable Activities
6
Other
7
19,679
46,591
66,270		 16,486
- -
Net Gains on Investments
Net Surplus/Deficit 10,338
(11,082)
(744)		 15,235
-
-
-		 -
Transfers between funds
Net surplus before other
gains/losses		 10,338
(11,082)
(744)		 15,235
Other gains/losses -
-
-		 -
Net movement in Funds 10,338
(11,082)
(744)		 15,235
-
6,089
25,192
31,281		 16,046
Reconciliation of Funds
total Funds brought forward
Total Funds carried forward 16,427
14,110
30,537		 31,281

Page 7

Woolwich Garrison Church Trust Balance Sheet

Balance Sheet for Year ended 31 December 2021 Balance Sheet for Year ended 31 December 2021 Balance Sheet for Year ended 31 December 2021 Balance Sheet for Year ended 31 December 2021 Balance Sheet for Year ended 31 December 2021 Balance Sheet for Year ended 31 December 2021
2021
2,764
24,623
2,135
2020
3,372
27,267
13,088
29,523 40,355
(1,750)
(12,446)
Net Current Assets 27,773 27,909
Total Net Assets 30,537 31,281

Page 8

Woolwich Garrison Church Trust

Notes to the Accounts

for the year ended 31 December 2021

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 of 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 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.

Page 11

Woolwich Garrison Church Trust

Notes to the Accounts

3
Income from Donations & Legacies
All figures in £
Individuals
Grants
Membership Subscriptions		 Unrestricted
Restricted
Total
Total
2021
2020
1,999
2,200
4,199
1,004
25,000
22,219
47,219
29,192
-
-
300
26,999
24,419
51,418
30,496
4
Income from Charitable Activities
All figures in £
Fundraising events
5
Income from other trading Activities
All figures in £
Hire of Church Premises
6
Expenditure on Charitable Activities
All figures in £
Repairs & Maintenance
Staff Costs
Fundraising events
7
Other Expenditure
All figures in £
Advertising
Premises Costs
Staff Costs
General Administration Costs
Legal & Professional Costs
Amortisation, Depreciation, Impairment
or Disposal of Assets		 Unrestricted
Restricted
Total
Total
2021
2020
355
11,090
11,445
-
355
11,090
11,445
-
Unrestricted
Restricted
Total
Total
2021
2020
2,663
-
2,663
1,225
2,663
-
2,663
1,225
Unrestricted
Restricted
Total
Total
2021
2020
5,809
24,140
29,949
13,910
-
9,013
9,013
7,087
8,922
16,009
-
12,896
42,075
54,971
13,910
Unrestricted
Restricted
Total
Total
2021
2020
1,274
-
1,274
254
851
-
851
50
608
-
608
587
-
-
-
-
938
-
938
1,325
3,111
4,516
7,627
360
6,782
4,516
11,299
2,576

8 Trustee Remuneration & Expenses

No Trustees were paid expenses in the current or prior period

9
Tangible Fixed Assets
All figures in £
Cost or revaluation
At 1 January 2021
Additions
At 31 December 2021
Depreciation and impairment
At 1 January 2021
Depreciation charge for the year
At 31 December 2021
Net Book Value
At 31 December 2021		 2,200
2,098
500
4,798
-
-
-
-
Leasehold
Property
Plant &
Machinery
Fixtures
& Fittings
Total
2,200
2,098
500
4,798
213
846
367
1,426
88
420
100
608
301
1,266
467
2,034
1,899
832
33
2,764

Page 12

Woolwich Garrison Church Trust

Notes to the Accounts

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 following 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.

10 Debtors
Other Debtors
Prepayments & Accruals		 2021
2020
-
10,942
2,135
2,146
2,135
13,088
11 Creditors
Amounts falling due within 1 year
Loans from Trustees
Other Creditors
Accruals & Deferred Income
Movement in Funds
Restricted Income Funds
Armed Forces Covenant Fund
Historical England
Guild of Ironmongers
Royal Borough of Greenwich
Commonwealth & Gurkha Garden
Unrestricted Funds		 2021
2020
-
-
1,340
11,604
410
842
1,750
12,446
15,000
-
(12,188)
2,812
-
10,141
(10,141)
-
-
8,078
(8,078)
-
4,000
(3,174)
826
-
13,290
(10,263)
3,027
At 1 Jan.
2021
Incoming
Resources
Resources
Expended
At 31 Dec.
2021
15,000
35,509
(43,844)
6,665
16,281
30,017
(22,426)
23,872

Page 13

Purposes and restrictions in relation to the restricted funds:

Armed Forces Covenant Fund To arrange a programme of activities in 2021 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.
Guild of Ironmongers A grant received from The Guild of Ironmongers towards the North Porch
restoration works.
Commonwealth & Individual Donations and Events held towards the construction of a
Gurkha Garden garden to commemorate the contribution of Commonwealth & Gurkha
Armed Forces
Royal Borough of Greenwich Grant to pay for a Noticeboard