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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 02024373 (England and Wales)
REGISTERED CHARITY NUMBER: 294589

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

THE FORUM @ GREENWICH

Andrew Cross & Co.
Chartered Certified Accountants
6 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL

THE FORUM @ GREENWICH

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Page
Report of the Trustees 1 to 11
Independent Examiner's Report 12
Statement of Financial Activities 13
Balance Sheet 14 to 15
Notes to the Financial Statements 16 to 21
Detailed Statement of Financial Activities 22 to 23 
THE FORUM @ GREENWICH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their
reportwiththefinancialstatementsofthecharityfortheyearended31March2022.Thetrustees have
adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Chair of the Board of Trustees Review of the year April 2021- March 2022

ThereportthatfollowsfromourChiefExecutive,JillAndrews,makesfascinatingreading.Forme,itis a
terrificreminderofallthathashappenedinthelastyear;ayearofrecoveryafterthepandemic.A recovery
thathasnotbeenstraightforwardandwouldnothaveappearedsoseamlessbutforthehugeeffortof Jill
andherteamattheForumandthesupportofourlicensees,includingthosewhohireroomsforclasses, and
theirattendees,whoweresokeentogetbacktotheForum.OnbehalfoftheTrustees,Iwouldvery much
like to thank Jill and her team for this huge effort and all the other stakeholders in the Forum.

Thiscurrentyearisalsoprovingachallengewiththehugeincreaseinenergycosts.Iamconfidentthat we
will,asalways,overcomethiscurrentdifficulty,withthenecessarysupportourstakeholders,inpursuit of
the achievement of our Vision and Mission.

OurVision:Ahappy,vibrantandinclusivecentreattheheartoftheGreenwichCommunity, bringing
people of al l backgrounds, ages and abilities together.

OurMission:Toprovideafullyinclusiveandaccessibleenvironmentofferingpositivesupportand facilities
to meet the diverse needs of the Greenwich Community.

Tim Anderson, Chair of Trustees

Chief Executive's Review of the year April 2021 - March 2022

Overview:

Iamnowinmy9thyearasChiefExecutivefortheForumatGreenwich.Anotherchallengingyearforall of
us.Likemanyothervoluntarysectororganisations,theForumwasalsounsureofthefutureahead.My staff
teamandForumTrusteeshavebeenextremelysupportiveandtogetherwehaveworkedourway through
the difficult and challenging times. A big thank you to everyone.

Atthestartofournewfinancialyear,April2021,thepandemicwasreasonablyundercontrolandthe Forum
couldre-openitssoftplaycentres,dancestudioandotherrooms/hallsformostactivitiesandclasses. With
manyrestrictionslifted,theclassescouldreturntonearfullcapacity.Thepublicwerestillapprehensive, so
it would take time for the classes to build.

December2021sawthecountrybeinghitwithanewstrain:theOmicronVariant.Thisstoppedusallin our
tracksagain.Althoughrestrictionswerenotasharshaspreviously,someofourclassesreducedtheir sizes
and unfortunately, we took the difficult decision to cancel our Christmas 2021 Community Fair.

Strategy during Covid-19 and beyond:

OurstrategyduringtheCovidperiodwastoensurewekepttheCharityfinanciallyviable,butatthe same
time remain in a position to support the community's needs throughout the pandemic and beyond.

Ourdecisionwastoremainpartiallyopentoenablethechildcarecentreandofficestoremainaccessible and
actasalifelineforlocalpeopleseekingadvice,guidanceandsupport.Weopenedourlargehallup to
CharltonFootballClubvolunteerswhowereprovidingCovidtestsforthelocalcommunity,whenmost other
places were closed.

Page 1

THE FORUM @ GREENWICH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

Wearepleasedtoreportthatourstrategyisworkingandishelpingtokeepusonalevelfooting. The
centre is starting to build up the classes and facilities with new classes booked for Spring 2022.

Financial Sustainability:

Duringthepandemicwesawunprecedentedtimes.TheForumTrusteesandIfocusedonfuture financial
viabilityandsustainabilityoftheForum.Ourfinancialprocessesandpracticeswerereviewedandupdated to
produceregularfinancialreports,includingcashflowmodellingandprojections.Thisallowedus to
proactivelymeasureourcurrentandlong-termfinancialpositionandquicklybealertedtoany substantial
outgoings.

Future Sustainability:

OvertheCovidshutdowns,theForumfocusedonupdatingandstreamlininganumberofourspaces to
providebespokefacilities,includingadigitalconferenceroomwithfullAVequipmentallowingfor hybrid
meetings.

Weinvestedinanon-linebookingplatformtosupportthebookingjourneyforourcustomers.We revamped
thereceptionarea,providingdigitalscreensallowingcustomerstosourceinformationonwhat was
happening in the centre and around the Borough.

Ournewlybuiltsoftplayhasbecomeapopularspaceforparentsandcarerstomeetwhilstthe children
play.

Ourrevampedandtransformedcaféandkitchenareaisverypopular.Wewereluckytoemploya very
capableandpopularchefinthearea,Yoav,andheisintroducingnewandhealthydisheswith a
Mediterranean twist, along with our ever-popular roast dinners.

Ourpopularchildren'spartiesarestartingtobuildsteadilyandbookingsstartedtoincreaseinthe spring
towards the summer months.

Summary:

21/22hasbeenanequallychallengingyear.WeareproudtosaythattheForumisonthewayto recovery;
almostallofourgroupshavereturned,andwehaveanumberofnewgroupsjoiningus.TheCentreis near
tofullcapacitywithlicencedofficesandgroupsstartingtobuildupaswellasnewenquiries.Weare on
tracktodeliverbothofourcommunityfairsin2022.OurSummerFairreceivedagrantfromthe Royal
BoroughofGreenwichCouncillorsFundof£2,000whichwillgoalongwayinsupportingthecostsof running
the fairs.

The Future 2022/23

Inmid-2022,theRBGwillreleasethenext4year'sgrantfundingprogramme2023-27.TheForumwill be
applying for a grant under "Community Centres".

Anumberofnewgovernment-fundedsupportprogrammeshavealsobeenreleased.TheForumisvery well
placedtosupporttheseprogrammes(andiscurrentlysupportingthebelow)byprovidingspaces and
facilities to ensure delivery reaches as many of the local community as possible.

-RBGWelfareRightsHub:Thisprogrammewasintroducedtohelpsupportvulnerablepeople with
benefitsclaims,CABadviceandfoodsupport.TheForumwillbehostingtheHub,everyMonday morning,
throughouttheyear.WearealsoworkinginpartnershipwiththeHubteamtoprovidemealsand snacks
from our café in return fo r a voucher. The scheme will be paid for by the RBG.

Page 2

THE FORUM @ GREENWICH

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

-DiabetesUKsupportprogrammes:XylaHealthandWellbeingaredeliveringaseriesofsupport and
preventativeworkshopsforpeoplesufferingwithtype(2)diabetes.TheForumissupporting10 different
sessions on a weekly, bi-weekly and monthly basis.

-HolidayFood&Activitiesworkshopsforchildren:TheForumworkscloselywiththeUKLatin Group
to provide spaces for activities and lunches for children of low-income families during the school holidays.

OurVisionandMissionwillalwaysremainthefocusfordeliveringourbusinessplan.Ournewbusiness plan
2023-2027 is available to view as part of the Trustees Report.

OurVision:Ahappy,vibrantandinclusivecentreattheheartoftheGreenwichCommunity, bringing
people of all backgrounds, ages and abilities together.

OurMission:Toprovideafullyinclusiveandaccessibleenvironmentofferingpositivesupportand facilities
to meet the di verse needs of the Greenwich Community.

In2019,wereportedontheTrustee'sclearsenseofpurpose,whichwastoimproveandextend the
communityservicesthatwereoffered,inparticular,thosethatfocusedontacklingsocialisolation and
bought the community together.

The 4 projects we focused on were:

- Community Interaction

CommunityEngagement:Withastrongfocusoninclusivity,equalityanddiversity,theForum works
closelywithallorganisationsthatuseourspacetopromoteaninclusiveenvironmentwhendelivering their
activities and classes.

GreenwichWinterNightShelter(GWNS):TheForumhasbeensupportingGWNSforover6 years.
DuringthepandemictheymovedtoanewbespokepremiseinElthamwhichhasbeenspeciallyadapted to
support their needs more effectively. The Forum will continue to support the GWNS wherever possible.

LicencedofficeSpaces:Ourleaserequiresthatweonlygrantlicencestocharitable organisations,
registeredcharities,CommunityInterestCompaniesandSocialEnterprises.Atpresentweprovidespaces for
10 charitable organisatio ns;

WesaidgoodbyetoBLGMindwhomovedbackontotheirpreviousofficeintheCityafter extensive
renovations.

Page 3

THE FORUM @ GREENWICH

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

Thepandemicbroughtlotsofchallengesforallofusandhadanextremelyadverseeffectonour finances.
However,withthesupportoftheRBGandothergrantfunders,theForumisinapositiontocontinue to
workwithourcurrentandnewpartnerorganisationsandsupportthemwheneverwecan.Wewill continue
to upgrade our spaces where finances allow.

Asonechallengeendsanotherunfolds.Thecurrentenergyandcostoflivingcrisiswillhavea profound
financialimpactontheForum.TheForum'sbuildingsareoldandlargeandutilisealotofgasand electricity.
Ourbillsaresettotripleoverthecomingmonthswhichwillputatremendousstrainonthe Charity's
financesoverthecomingyear.TheGovernmentreliefwillhelpmarginally,butwithnorealideaofwhen this
crisiswillend,thispaintsanunsurepictureforallofthevoluntarysector.AsaCharity,wewantto ensure
our funding is focused in areas of most need and not just used to pay energy bills.

TheRBGhaveindicatedthattheywillbesettingupheathubs,wherebylocalpeoplewillcometo community
centres,librariesetc.tokeepwarm.TheForumareinterestedinparticipatinginthisinitiative.Weaim to
make this a meaningful experience, offering activities and competitively priced meals.

Currently,theForumTrusteesareconfidentthattheForumisfinanciallystable,andweareall looking
forward to continuing to deliver on our Vision and Mission for many years to come.

Jill Andrews Chief Executive Officer

OBJECTIVES AND ACTIVITIES

Objectives and aims

TheTrusteeswhoarealsodirectorsoftheCharityforthepurposeoftheCompaniesAct2006,present their
reportwiththefinancialstatementsoftheCharityfortheyearended31March2022.TheTrustees have
adoptedtheprovisionsofAccountingandreportingbyCharities:StatementofRecommended Practice
applicabletoCharitiespreparingtheiraccountsinaccordancewithcurrentFinancialStandardsapplicable in
the UK and Republic of Ireland (FRS102) (effective 1 January 2015).

WehavereferredtotheCharityCommissions'generalguidanceonPublicBenefitwhenreviewingour aims
andobjectivesandinplanningourfutureactivities.Inparticular,theTrusteeshaveconsideredhow the
plannedactivitiesoftheorganisationwillcontributetotheaimsandobjectivesthathavebeen established
for the charity.

TheForum@Greenwichiswellestablishedandhasbeenoperatingfornearly40years.TheForum's key
objectiveistoprovideacommunitycentre,attheheartoftheEastGreenwichcommunity,onethat is
accessible to all, offering a wide range of services to meet the needs of our community.

The Forum has clear objectives which are:

- To be a source of information and advice

Page 4

THE FORUM @ GREENWICH

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022

OBJECTIVES AND ACTIVITIES

Significant activities

The Forum continues to deliver on its series of programmes which focus on the following:

-BabiesandYoungChildren:TheForumactivelypromotespartnershipworkingandcontinuesto work
withourlicenceholdersandcustomerstooffercompetitiveandsometimesfreespacesforyoungchildren to
play, interact and pursue intergenerational activities.

-YoungAdultsandFamilies:2021/22hasseenafurtherincreaseinnewfamiliesmovingintothe area;
theForumwillcontinuetolookatnewwaysinwhichtoadaptourservicesandactivitiestomeet the
growingneed.WithspaceatapremiumintheBorough,theForumcanprovideampleopportunitiesfor all
the community.

-Partnershipbuilding,ElderlyandVolunteering:WehavestrongpartnershipswithAvant Gardening,
GMA,MammaKind,GWNSandmostrecently,theRetiredCivilServantsFellowship.OxleasNHS adult
mentalhealthgroupsreturnedinSeptember,aseriesof10diabetessessionsandaweeklyRBG Welfare
Rights Hub were introduced.

-Volunteers:Wecurrentlyhave9volunteers,including8Trustees.Weareconstantlylookingatways in
whichtoexpandourvolunteerbaseandofferopportunitiestolocalpeople.Wearepleasedtocontinue our
partnershipwithGLAbB,offeringcareerworkplacementsopportunitiesforthelong-term unemployed.
Whilst the sta ffing programme is on hold, other initiatives with them continue.

-TheForumremainsapopularvenueforthecommunitytoholdchildren'sparties,family celebrations,
BBQ's,publicconsultations,localcouncilandvoluntarysectorconferences,electionvotingandmuch more.
WeknowthattheForumisevenmorecrucialnowasthepopulationoftheareagrowsandthecostof living
and energy crisis will hit many local business and community facilities.

- We are delighted to announce our Summer and Christmas fairs will be taking place this year

-KeepinginlinewithourVisionandMission,thisyearweweredelightedtoactivelygetinvolved with
providing low-cost meals for people visiting the Welfare Rights Hub.

-ThisyearourmaintenanceprogrammeincludedrepairsandmaintenancetotheTower,andrepairsto the
mainForumchurchroof.WecontinueourprogrammeofreplacingandupgradingthelightingtoLED, new
flooring and decorating on an ongoing basis.

-Ourprogrammeofupdatingtheaccessibletoiletsanddoorscontinuesalongwithimproving and
maintaining all common areas, rooms and halls.

COMMUNICATION AND ADVERTISING

CommunicationandAdvertisingarekeytospreadingthewordabouttheworktheForumundertakes. We
haveaweeklypresenceonmostsocialmediaoutletsincludingthelocalGreenwichCommunitysite. Our
websitewww.forumatgreenwich.orgisupdatedregularlyandanonlinebookingplatformisdueto be
released this year to provide our customers with a streamlined service when booking facilities at the Forum.

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THE FORUM @ GREENWICH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

ACHIEVEMENT AND PERFORMANCE

Charitable activities

TradingconditionsremainedslowbutimprovedinthepreviousyearduetotheCovid19 restrictions
imposedoncommunitycentres.However,wecontinuetopromotetheCentreandwehaveseen new
groupsstarttouseourfacilities.WewillcontinuetoinvestinthefutureoftheCentre,andinparticular, on
ournewprojectslaunchedearly2021includingthenewsoftplayanddigitalmeeting/conference room,
which will allow us to work towards future sustainability and self-sufficiency.

STAFFING

TheForumstaffteamunderwentasmallrestructurethisyeartosupportourlong-termbusinessplan. The
team is as follows; 5 full time staff, 6 part-time staff and 9 volunteers.

FINANCIAL REVIEW

Principal funding sources Principal Grant funding sources:

Our 4-year funding grant from the Royal Borough of Greenwich continues until 2023.

Total £25,000

AdditionallyourmanagementteamarecontinuallyapplyingforvariousgrantswheretheCharitymeets the
fundingcriteria.Duringthepandemic,grantcriteriawerefocusedonadaptionandtheForum were
successful in the following grants programmes:

Grants & Fundraising prediction 22/23

TheRBGgrantwillcontinueuntilMarch2023.Thereaftergrantsarepredictedtobeslightlyhigher.This is
stilltobeconfirmed.Howeverasabovetheprincipalsourceoffundingwillbesourcedfromthe RBG,
currently£25,000perannum.GrowthFundgrantspotsarereducedconsiderably.Agrantwillbesourced for
£15,000.Otherfundinggrantswillbesourcedthroughoutsidegrantfunders.Predictionsare£20,000 for
other grants.

Investment policy and objectives

Asidefromthereservesoutlinedbelow,ouraimistobuildupfundsforlong-terminvestment,including the
repairs and maintenance of the fabric of the building.

Reserves policy

TheCharitiesCommissionrecommendsthatcharitiesmaintainreservesatalevelequivalentto3 months
operatingcosts.TheBoardofTrusteeshasdevelopedareservepolicyfortheorganisationwhichseeks to
takeallreasonablestepstodesignatefundsforprovisionofredundancy,long-termsicknessor maternity
leave,fixedassetfund,replacementofequipmentandrepairfund.Thesefundswillbedependent on
unrestrictedfundsonly.Atpresent,thereservefundisaround£50,000whichtheForumTrustees consider
adequate.

Debt:TheBoardhasanapproveddebtor'sprocedureandhaswrittenoffdebtwherethereis insufficient
evidence to substantiate this.

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THE FORUM @ GREENWICH

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

FUTURE PLANS

TheCharityhasexcitingplansforthefutureoftheorganisation.Alongwithdeliveringourcentral function,
wewillcontinuetogrowandimproveournewprojectsandenhanceourcollaborativeworkingwiththe RBG.
Inaddition,wewillcontinueourcollaborationswithotherlocalcharitiesandorganisationswhich are
deliveringprojectsthatmeetthecurrentandfutureneedsofthecommunity,inparticularDiversity and
Equality projects and activities that contribute toward reducing social isolation.

Allourworkpromotescommunitycohesionwhilstbuildingstrongandmeaningfulpartnershipsthat support
vulnerablepeoplewithlearningdisabilitiesandthelong-termunemployed,asoutlinedinourObjectives and
Activities.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

TheCharityiscontrolledbyitsgoverningdocuments,theMemorandumandArticlesofAssociationand is
constituted as a limited company as defined by the Companies Act 2006.

ThedaytodayresponsibilityfortheprovisionofservicesisdelegatedtotheChiefExecutivewho is
responsibleforensuringtheForumdeliverstheservicesspecifiedandthatkeyperformanceindicators are
met,ensuringindividualsupervisionofthestaffteamandthattheteamcontinuetodeveloptheirskills and
working practices in line with good practice.

Page 7

THE FORUM @ GREENWICH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure

TheForumisacharitablecompanylimitedbyguarantee,incorporatedon30May1986andregisteredas a
charityon10June1986.TheForumwasestablishedunderaMemorandumofAssociation,which established
the objects and powers of the charitable company and is governed under those Articles.

ThegoverningbodyistheBoardofManagement("Board")whoseTrusteesareelectedbythe charity's
membershipattheAnnualGeneralMeetingandaredirectorsforthepurposeofcompanylawand trustees
for the purpose of charity law; in this report, they are referred to as Trustees.

The Board has in place policies and procedures in respect of governance including:

The principal responsibilities of the Trustees have been set out in the Terms of Reference and include:

a. Oversight and governance of the charity, including control and accountability systems

b.AnnuallyreviewingtheskillsandexperiencerepresentedontheBoardinlightoftheForum's strategic
direction, and approving Board composition; electing Chair, vice-Chair and Treasurer;

d.DetermineandimplementanappropriateprocedureforassessingtheeffectivenessoftheBoard, the
Board Chair, committees and Trustees in fulfilling their responsibilities;

e. Assuming responsibility for the Forum's governance practices;

i. Appointing and removing the Chief Executive and establishing their remuneration package

l. Contributing to and final approval of the budget and business plan and associated performance objectives

m. Contributing to and final approval of the strategic plan and associated performance measures

n. Implementation of strategy and ensuring appropriate resources are available

o. Reviewing and ratifying policies for reserves, risk management and investment

r. Approving the authorisation structure applicable to capital expenditure and operational commitments

Page 8

THE FORUM @ GREENWICH

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Premises

TheForumoperatesfrom2buildingsinthesamesite.OneistheformerChristchurchChurch,which was
convertedinthelate1980sintoitspresentlayout.OnepartofthebuildingisnotdemisedtotheForum and
isoccupiedbythemorenewlyconstructedparishchurch.Theotherbuildingisformerlyaschooland East
GreenwichCommunityCentre(theCommunityBuilding).Thereisachildren'splayareaattachedto this
building.

TheRochesterandSouthwarkDiocesanChurchTrustareourlandlords.Thereisaseparateleasefor each
building,differentinformatbutbothare99-yearFullRepairingandInsuringleasesonapeppercorn rent,
dated29February1996forthemainbuildingand1stDecember1986fortheCommunityBuilding. The
leases are non-transferable.

ThecarparkattherearbelongstotheDioceseandalthoughtheForumhasaccessforitsoccupants and
users this is not formalised by lease.

TheForumisresponsibleforthemaintenanceandupkeepofthebuildings,includingthespaceoccupied by
theparishchurch.Aspointedoutintheaccounts,landandbuildingrepresentsthecapitalisationofthe lease
andallsubsequentimprovementcostsincurredovertheyears.Thefreeholdsofthelandandbuildings are
ownedbyRochesterandSouthwarkDiocesanChurchTrust;theForumdoesnothaveanyfinancial interest
in these properties.

TheForumundertookarevaluationofthelease,carriedoutbyMessrsAndrewYouensandCo.FRICSas at
31March2017andthisvaluationwasincludedinboththe2017,2018,2019and2020year-end accounts.
The Forum plans to review this in 2023.

Induction and training of new trustees

TheBoardofTrusteesseekstoensurethattheneedsofcommunityareappropriatelyreflectedthrough the
diversityofthetrusteebody.ToenhancethepoolofTrustees,theForumcontinuestoworkwithThe East
LondonBusinessAlliance(ELBA),aregisteredcharity,whichhelpsmatchcharitieswithpotential trustees.
Our Trustee Board remains strong with a wide range of skill sets and demographics.

There has been no changes to the Board of Trustees during this reporting period.

Wider network

InsofarasitiscomplementarytotheCharity'sobjects,weareguidedatlocallevelbyassistingin the
deliveryoftheLocalAreaAgreement,relevantRoyalGreenwichBoroughStrategiesandService Level
AgreementswithRoyalGreenwich.TheForumisamemberoftheFederationofGreenwich Community
Centresandactivelyparticipateinfocusgroupsandmeetingsthatshapethefutureofthecommunity in
order to focus on the needs of the local community.

Page 9

THE FORUM @ GREENWICH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

WithinTheForum@Greenwich,theBoardofTrusteeshasfullresponsibilityforensuringrisks are
addressed and this Risk Register is kept up to date.

TheBoardofTrusteeshasconducteditsownreviewofthemajorriskstowhichthecharityisexposed and
systemshavebeenestablishedtomitigatethoserisks.Internalrisksareminimisedbythe continuous
improvementofprocedurestoensureconsistentqualityofdeliveryforalloperationalaspectsof the
charitable company.

TheForumhasadoptedtheCharityCommission'stemplateforriskassessment.Theprocedures are
reviewedannuallytoensuretheystillmeettheneedsofthecharity.Themainriskscontinueto be
identified, among others, as

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

02024373 (England and Wales)

Registered Charity number

294589

Registered office

Forum @ Greenwich
Trafalgar Road
Greenwich
London
SE10 9EQ

Page 10

THE FORUM @ GREENWICH

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

Trustees

T R B Anderson
J A Grinfeld
M Theodosiou
N Barrington
J E D'Costa
D Bright
V Ratnam
C Vince (appointed 14.4.2021)

Company Secretary

J L Andrews

Independent Examiner

Andrew Cross & Co.
Chartered Certified Accountants
6 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

............................................................
J L Andrews - Secretary

Page 11

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

THE FORUM @ GREENWICH

Independent examiner's report to the trustees of The Forum @ Greenwich ('the Company')

IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 March 2022.

Responsibilities and basis of report

Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').

HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutundersection145oftheCharitiesAct2011('the2011Act').Incarrying out
myexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionundersection145(5)(b) of
the 2011 Act.

Independent examiner's statement

Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody. I
canconfirmthatIamqualifiedtoundertaketheexaminationbecauseIamaregisteredmember of
Association of Chartered Certified Accountants which is one of the listed bodies.

Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnection with
the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.

Charlotte Cross FCCA BSc IMA
Association of Chartered Certified Accountants
Andrew Cross & Co.
Chartered Certified Accountants
6 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL

Date: .............................................

Page 12

THE FORUM @ GREENWICH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Direct Charitable Expenditure
Other trading activities
2
Investment income
3
Other income
Total
EXPENDITURE ON
Raising funds
4
Charitable activities
Direct Charitable Expenditure
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
11
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
78,670
14,116
490
263,027
7,566
363,869
58,255
283,426
341,681
22,188
(51,559)
(29,371)
194,719
165,348		 Restricted
fund
£
-
-
-
-
-
-
-
51,560
51,560
(51,560)
51,559
(1)
1,158,085
1,158,084		 2022
Total
funds
£
78,670
14,116
490
263,027
7,566
363,869
58,255
334,986
393,241
(29,372)
-
(29,372)
1,352,804
1,323,432		 2021
Total
funds
£
238,314
253
60
164,738
9,256
412,621
20,662
304,009
324,671
87,950
-
87,950
1,264,854
1,352,804 
The notes form part of these financial statements

Page 13

THE FORUM @ GREENWICH

BALANCE SHEET

31 MARCH 2022

Notes
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
10,096
2,800
183,198
185,998
(30,746)
155,252
165,348
165,348		 Restricted
fund
£
1,158,083
-
-
-
1
1
1,158,084
1,158,084		 2022
Total
funds
£
1,168,179
2,800
183,198
185,998
(30,745)
155,253
1,323,432
1,323,432
165,348
1,158,084
1,323,432		 2021
Total
funds
£
1,180,744
2,800
191,599
194,399
(22,339)
172,060
1,352,804
1,352,804
194,719
1,158,085
1,352,804		 
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the year ended 31 March 2022.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 14

THE FORUM @ GREENWICH

BALANCE SHEET - continued

31 MARCH 2022

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:

.............................................
T R B Anderson - Trustee

.............................................
V Ratnam - Trustee

The notes form part of these financial statements

Page 15

THE FORUM @ GREENWICH

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS
102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
have been prepared under the historical cost convention.

Income

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life:

Long leasehold             - 1/99 depreciation per annum, based on 99 year lease
Fixtures and fittings       - 25% on reducing balance
Computer equipment     - 25% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.

Hire purchase and leasing commitments

RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesona straight
line basis over the period of the lease.

Pension costs and other post-retirement benefits

Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayable to
thecharitablecompany'spensionschemearechargedtotheStatementofFinancialActivitiesin the
period to which they relate.

continued...

Page 16

THE FORUM @ GREENWICH

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2022

2.
OTHER TRADING ACTIVITIES
Fundraising events
3.
INVESTMENT INCOME
Rents received
Interest income
4.
RAISING FUNDS
Grant related expenditure, Christmas Fair and Easter Fair
Cafe and catering expenses
Sinbads soft play costs		 2022
£
490
2022
£
263,026
1
263,027		 2021
£
60
2021
£
164,723
15
164,738
2022 2021
£ £
27,578 14,393
16,661 674
14,016 5,595
58,255 20,662 
The above amounts are expended on activities to enable the charity to raise funds.

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):
2022 2021
£ £
Depreciation - owned assets 46,690 41,501
Hire of plant and machinery 1,488 2,233

6. TRUSTEES' REMUNERATION AND BENEFITS

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2022norfor the
year ended 31 March 2021.

Trustees' expenses

Therewerenotrustees'expensespaidfortheyearended31March2022norfortheyear ended
31 March 2021.

continued...

Page 17

THE FORUM @ GREENWICH

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2022

7. STAFF COSTS

The average monthly number of employees during the year was as follows:
Full time
Part time		 2022
5
6
11		 2021
5
5
10 
No employees received emoluments in excess of £60,000.

8. TANGIBLE FIXED ASSETS

COST
At 1 April 2021
Additions
At 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for year
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021		 Long
leasehold
£
2,045,526
-
2,045,526
890,142
20,662
910,804
1,134,722
1,155,384		 Fixtures
and
fittings
£
322,827
34,125
356,952
300,550
25,257
325,807
31,145
22,277		 Computer
equipment
£
10,898
-
10,898
7,815
771
8,586
2,312
3,083		 Totals
£
2,379,251
34,125
2,413,376
1,198,507
46,690
1,245,197
1,168,179
1,180,744 
TheTrusteesoftheForumundertookarevaluationofthepropertyleaseattheForum, Trafalgar
Road,LondonSE109EQwiththeleaseholdtenurenotedas99yearsfrom1December1986 in
respectofthecommunitybuilding,andaleasedated29February1996foraperiodof99years for
themainbuilding,withthevaluationcarriedoutbyAndrewYouensandCompanyLtd, Chartered
SurveyorsandRegisteredValuers.Themarketvalueofthepropertywasnotedas£1.235million as
at31March2017andtakingintoaccounttheoverallposition,thetrusteesconsiderthe depreciated
valueofthelongleaseholdof£1.135millionasshownintheaccountsheretobestatedat an
appropriate level as at 31 March 2022 also.

continued...

Page 18

THE FORUM @ GREENWICH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
VAT
Payments received in advance
Other creditors
Net wages payable
Accrued expenses
11.
MOVEMENT IN FUNDS
Net
movement
At 1.4.21
in funds
£
£
Unrestricted funds
General fund
194,719
22,188
Restricted funds
Restricted Funds
1,158,085
(51,560)
TOTAL FUNDS
1,352,804
(29,372)
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
363,869
Restricted funds
Restricted Funds
-
TOTAL FUNDS
363,869		 2022
£
2,800
2022
£
7,286
1,973
17,976
660
-
2,850
30,745
Transfers
between
funds
£
(51,559)
51,559
-
Resources
expended
£
(341,681)
(51,560)
(393,241)		 2021
£
2,800
2021
£
13,244
599
5,657
328
11
2,500
22,339
At
31.3.22
£
165,348
1,158,084
1,323,432
Movement
in funds
£
22,188
(51,560)
(29,372)		 
continued...

Page 19

THE FORUM @ GREENWICH

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2022

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.4.20
£
Unrestricted funds
General fund
91,509
Restricted funds
Restricted Funds
1,173,345
TOTAL FUNDS
1,264,854
Comparative net movement in funds, included in the above
Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS		 Net
movement
in funds
£
136,636
(48,686)
87,950
e as follows:
Incoming
resources
£
412,620
1
412,621		 Transfers
between
funds
£
(33,426)
33,426
-
Resources
expended
£
(275,984)
(48,687)
(324,671)		 At
31.3.21
£
194,719
1,158,085
1,352,804
Movement
in funds
£
136,636
(48,686)
87,950
ar 
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS		 At 1.4.20
£
91,509
1,173,345
1,264,854		 Net
movement
in funds
£
158,824
(100,246)
58,578		 Transfers
between
funds
£
(84,985)
84,985
-		 At
31.3.22
£
165,348
1,158,084
1,323,432 
continued...

Page 20

THE FORUM @ GREENWICH

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2022

11. MOVEMENT IN FUNDS - continued

Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedin the
above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS		 Incoming
resources
£
776,489
1
776,490		 Resources
Movement
expended
in funds
£
£
(617,665)
158,824
(100,247)
(100,246)
(717,912)
58,578		 
Thetrusteeswishitnotedthatofthetotalrestrictedfunds,£1.135millionrelatestothevaluation of
thepropertyfromwhichthecharityoperatesinGreenwich.Theserestrictedfundsthereforedo not
represent any form of funds which can be accessed by the charity.

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Page 21

THE FORUM @ GREENWICH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

INCOME AND ENDOWMENTS
Donations and legacies
Grants
Covid-19 government grants
Other trading activities
Fundraising events
Investment income
Rents received
Interest income
Charitable activities
CafT & catering income
Other income
Other income
Total incoming resources
EXPENDITURE
Raising donations and legacies
Grant related expenditure and similar
Other trading activities
Cafe and catering expenses
Investment management costs
Sinbad soft play area costs
Charitable activities
Wages
Social security
Pensions
Hire of plant and machinery
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Carried forward		 2022
£
51,001
27,669
78,670
490
263,026
1
263,027
14,116
7,566
363,869
27,578
16,661
14,016
164,787
7,523
3,019
1,488
373
11,554
40,983
6,982
1,525
238,234		 2021
£
144,157
94,157
238,314
60
164,723
15
164,738
253
9,256
412,621
14,393
674
5,595
157,248
6,798
2,842
2,233
1,402
12,885
27,889
5,992
891
218,180		 
This page does not form part of the statutory financial statements

Page 22

THE FORUM @ GREENWICH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Charitable activities
Brought forward
Advertising and marketing
Sundries
Repair & Maintenance
Computer expenses
Staff expenses
Legal and professional
Payroll services
Vending Machine
Long leasehold
Fixtures and fittings
Computer equipment
Support costs
Finance
Bank charges
Governance costs
Accountancy and legal fees
Total resources expended
Net (expenditure)/income		 2022
£
238,234
231
2,060
31,621
5,982
2,996
469
1,035
-
20,662
25,257
771
329,318
1,932
3,736
393,241
(29,372)		 2021
£
218,180
-
782
30,032
7,471
430
149
1,027
(46)
20,662
19,813
1,027
299,527
1,096
3,386
324,671
87,950		 
This page does not form part of the statutory financial statements

Page 23