``` 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 ``` - `Reducing Social Isolation` - `Accessibility and Affordability` - `Diversity and Equality` ``` 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; ``` - `More 2 Childcare` - `Little Fish Theatre` - `Debt Free London` - `Boadi Therapy` - `Infertility Network` - `Greenwich Association of Disabled` - `Re-wise project` - `South East London Community Energy (SELCE)` - `Little Splodgers` - `Inside-Out Therapies` ``` 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 ``` - `To ensure services are affordable or free to some local groups` - `To provide opportunities for leisure and social activities` - `To support and provide a platform for vulnerable groups with learning disabilities to get back into the work` - `place.` - `To provide support for the aspirations of our community, particularly those whose voices are seldom heard` - `To actively engage with our community and respond to their needs` - `To support the long-term needs of the elderly, physically disabled and vulnerable members of the` - `community` - `To provide services and work with groups that actively seek to tackle social isolation` - `To work in collaboration with our partner organisations to provide a more cohesive approach` - `To work towards sustainable development` - `To adapt our services to meet the needs of a growing and diverse community.` ``` 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. ``` ``` Page 5 ``` ``` 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. ``` - `RBG Grant £25,000 p.a` ## **`Total £25,000`** ``` AdditionallyourmanagementteamarecontinuallyapplyingforvariousgrantswheretheCharitymeets the fundingcriteria.Duringthepandemic,grantcriteriawerefocusedonadaptionandtheForum were successful in the following grants programmes: ``` - `London Community Response Fund £29,808` - `GAVS COVID-19 response fund £6,500` - `Sport England grant to support COVID changes £10,000` - `Royal Borough of Greenwich Discretionary Fund £25,000` ## **`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. ``` ``` Page 6 ``` ``` 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: ``` - `A code of conduct for our Trustees;` - `Terms of Reference for the Board of Trustees;` - `Conflict of Interests Record form, which is completed by all Trustees and reviewed periodically;` ``` 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; ``` - `c. Appointing, determining the composition of, and setting the terms of reference for Board sub-committees;` ``` d.DetermineandimplementanappropriateprocedureforassessingtheeffectivenessoftheBoard, the Board Chair, committees and Trustees in fulfilling their responsibilities; ``` ``` e. Assuming responsibility for the Forum's governance practices; ``` - `f. Ensuring that Trustees meet regularly;` - `g. Setting and reviewing the terms of reference for the Board;` - `h. Ensuring that members are consulted regularly as required by the Memorandum of Association, setting the agenda and preparing minutes` ``` i. Appointing and removing the Chief Executive and establishing their remuneration package ``` - `j. Monitoring the performance of the Chief Executive` - `k. Contributing to and final approval of charities mission statement` ``` 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 ``` - `p. Reviewing and ratifying leases and matters relating to property holdings` - `q. Monitoring risk management and internal compliance and control systems and assessments` ``` r. Approving the authorisation structure applicable to capital expenditure and operational commitments ``` - `s. Approving and monitoring financial and other reporting` - `t. Setting pay policy generally, including bonus` - `u. Ensuring compliance with the Forum's Environmental, Health and Safety Policies` - `v. Appointment of bankers and auditors` - `w. Dealing with and settling legal claims` ``` 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 ``` - `Loss of sustainable revenue` - `Pandemic hits the Uk and Worldwide` - `Increase maintenance costs` - `Loss of Chief Executive` - `Long-term absence of key staff` - `Inadequate reserve` - `Increase building maintenance costs` - `Loss of funding` - `Loss of license holders` - `Catastrophic disruption` - `Reduction in demand for room hire` - `Malicious electronic damage` - `Revised legislation, for example, increased environmental requirements. Fire Risk Assessments are conducted yearly by specialist consultants and its recommendations have been implemented. Accessibility assessments have also been conducted, as well as the COVID-19 Secure Building Risk assessment and our adapted Covid-19 risk and fire Assessments.` - `Reduction in demand for room hire- Malicious electronic damage` - `Insurance company does not pay out for business interruption due to a global pandemic.` ## **`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 ``` - `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and` - `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.` ``` 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 ```