``` 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 2023`** ## **`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 2023`** ||**`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 2023`** ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their reportwiththefinancialstatementsofthecharityfortheyearended31March2023.Thetrustees have adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ``` ## `Dear Reader,` ``` This has been the first full year without Covid restrictions since the start of the pandemic. ``` ``` Assuchithasbeenthefirsttime,forwhatseemsalongtime,whenwehavehadtheopportunityto assess what business as usual looks like for us; or so we thought! ``` ``` Theenergycrisisresultinginunsustainableenergybills,withoutquickandeffectiveactionwould have caused significant, if not irreparable, harm. ``` ``` We took those actions swiftly and with the support of our licence holders weathered the storm. ``` ``` Welookforwardtoa"boring"yearinwhichwecanfocussolelyondeliveringourMissionandVisionto the Community (as set out in this report). ``` ``` InweatheringthatstormIwouldlike,onbehalfoftheTrustees,verymuchtothankallthosethatwork for theForum,andourStakeholderswhosupportus(manyofwhomaregivencreditbyourCEO,Jill Andrews, inherreport)butinparticulartoJillwhoasusualhasworkedtirelesslyandwithgreatenthusiasmto keep everything on track. ``` ``` FinallyIwouldliketothankAlexGrinfeld,whosteppeddownthisyearasaTrusteeandformerChair,for his fantasticcontributiontotheForumovermanyyears.TheForumisaSecularorganisationresidingin a repurposedwonderfuloldchurch.Alex,asanarchitect,hasbeeninvaluableinhisguidanceonall things building related and his expertise will be greatly missed; although I know we can call on him if needs be. Alexhasalsocontributedinsomanyotherways,notleast,keepingusfocusedonourMissionand Vision. Alex will be greatly missed. ``` ## `Tim` ## **`Tim Anderson, Chair of Trustees`** ## **`Chief Executive's Review of the year April 2022 - March 2023`** ## **`Overview:`** ``` Iamnowinmy10thyearasChiefExecutivefortheForumatGreenwich.Iwouldliketothankthe Trustees andthestaffteamfortheirsupportandinvaluableloyaltytowardstheForum,allhaveshown tremendous passionandenthusiasminensuringtheCharitiessurvivalintheseverydifficultandchallengingtimes.So a big thank you to everyone. ``` ``` ThepastyearApril2022-March2023hasseenfurtherchallenges.AftertheCOVID19pandemic.The Forum wasmakinggoodprogress,customersandgroupswerereturningandclassesweregettingbackto some normality.Wewerethenfacedwithacostoflivingandenergycrisis,mainlyduetotheWarinUkraine and high inflation. ``` ``` OverthewintermonthstheForumfacedextortionateenergybillsofupto£15,000Percalendar month (pcm)attheheightofwinter.Ourbillswerenormallyintheregionof2-3kpcm,soahugeamount of additionalmoneyfortheCharitytofind.UnfortunatelyunlikethePandemictherewerenoaccessible grants to help Charities through this tough period. ``` ``` Page 1 ``` ## **`THE FORUM @ GREENWICH`** ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023`** ``` Totryandeliminatesomeoftheenergyconsumptioninthebuilding,theTrusteesandIimplemented new temporaryopeningandclosingtimesinthemainbuilding.TheForumwouldopenanhourlaterat 9:00am andclosetheoffices4hoursearlierat5:00pm.Thiswouldallowforalltheheatingtobeturnedoff; thus savingus5hoursoffuelconsumptionperday.Thismadeconsiderabledifferencetoourfuelbills.A big thank you to all our licence holders for supporting the Forum through that very difficult time. ``` ``` FromOctobertoMarchtheGovernmentlaunchedanewinitiativetosupportvulnerablefamilies struggling withheatingbills.Thiswascalled"Warmspaces"TheForumopenedupitsdoorstosupportthese families andsetupadonationtreeforlocalstodonatewinterwarmingitems,suchasclothes,jackets,duvets, warm socks,slippers,hotwaterbottles,foodandeverydayitemssuchasnappies,babywipes,shower gel, shampoo, razors etc. ``` ``` TheRoyalBoroughofGreenwich(RBG)providedagrantof£3,000tohelpsupportsomeofthecostsof the energy bills and running the Warm Spaces project. ``` ``` TheForumprovidedteas,coffeescakeandbiscuits,alongwithsomegreatsessionsofBingo,which all enjoyed.TheMayoroftheRoyalBoroughofGreenwichattendedoneofthesessionsandstayedtocall out the bingo numbers and listen to any concerns the group may have had. ``` ``` Thelocalcommunitywereextremelygenerousinsupportingthiscause,soaBIGthankyoutoallof those that donated. ``` ## **`Financial & Future Sustainability:`** ``` TheForumTrusteesfocusthroughouttheyearandbeyondtoensuretheCharity'sfinancial sustainability; regularly reviewing and checking our income and expenditure against budget. ``` ``` P&Landcashflowstatementsareproducedeachmonthanddiscussedaspartofthesub-finance team reportingbimonthlytotheTrusteestoensurethatthecharitiesincomeandexpenditureismovingin a positivedirection.Wealsolookatanyunplannedsubstantialoutgoingsinthefuturethatmayaffect the forecast and affect the direction of travel as far as we are able. ``` ``` The Forum's main income is generated from: ``` ``` - Room hire - Children's parties ``` ``` - Soft play sessions ``` - `Licence holders.` ``` The Forum's financial accounts outline the various income streams and their value. ``` ## **`Summary:`** ## **`The Future 2022/23`** ``` Inmid-2022,theRBGreleasedthegrantfundingprogramme2023-27.TheForumwassuccessfulwith a grant application under "Community Centres". ``` ``` Anumberofnewgovernment-fundedsupportprogrammeswerealsoreleased.TheForumwasvery well placed to support these programmes. ``` ``` Wecurrentlysupportthebelowbyprovidingspacesandfacilitiestoensuredeliveryreachesasmanyof the local community as possible: ``` ``` Page 2 ``` ## **`THE FORUM @ GREENWICH`** ## **`REPORT OF THE TRUSTEES`** ## **`FOR THE YEAR ENDED 31 MARCH 2023`** ``` -RBGWelfareRightsHub:Thisprogrammewasintroducedtohelpsupportvulnerablepeople with benefitsclaims,CAB,debtadviceandfoodsupport.TheForumhoststheHubeveryMonday morning throughouttheyear.WeworkinpartnershipwiththeHubteamtoprovidemealsandsnacksfromour café foravoucherprovidedbytheRBG.TheschemeispaidforbytheRBGandbringsadditionalrevenueto the café. To date we have prov ided over 365 meals. ``` ``` -DiabetesUKsupportprogrammes:XylaHealthandWellbeingaredeliveringaseriesofsupport and preventativeworkshopsforpeoplesufferingwithtype(2)diabetes.TheForumsupports20 different sessions on a weekly, bi-weekly and monthly basis. ``` ``` -HolidayFood&Activitiesworkshopsforchildren:TheForumworkscloselywiththeUKLatin Group toprovidespacesforactivitiesandlunchesforchildrenoflow-incomefamiliesduringtheschool holidays. Thisisthe3rdyearthegrouphavebeentotheForumandthenumbersaregrowing.Wehaveover 30 children attend the classes and food is provided on a daily basis. ``` ``` 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. ``` ``` TheTrusteeshaveaclearsenseofpurpose,whichistoimproveandextendthecommunityservices that wereofferhereattheForum.Inparticular,thosethatfocusontacklingsocialisolation,Diversity& Equality, inclusivityandawelcomingatmosphere.Allofthesekeycomponentshelpbringacommunitytogether to support each other. ``` ``` There are 4 main project areas we focus on: ``` ``` - Community Interaction ``` ``` - Reducing Social Isolation ``` ``` - Accessibility and Affordability ``` - `Diversity and Equality` ``` CommunityEngagement:Withastrongfocusoninclusivity,equalityanddiversity,theForum works closelywithallorganisationsthatuseourspacestopromoteaninclusiveenvironmentwhendelivering their activitiesandclasses.Beingabletoprovideaspacetodelivermeaningfulprojectsthatsitattheheartof the community in the curren t climate is invaluable. ``` ``` TheForumreachesouttoallofthecommunityandhasrecentlybeenpleasedtosupportayoung Ukrainian family(whofledthewarwiththeiryoungchild)throughthewinterwarmspacesprogramme,they even enjoyed a game of bingo. ``` ``` LicensedofficeSpaces:Ourleaserequiresthatweonlygrantlicencestocharitable organisations, registeredcharities,CommunityInterestCompaniesandSocialEnterprises.Atpresentweprovidespaces for 10 charitable/not for pro fit organisations. ``` ``` - More 2 Childcare ``` - `Little Fish Theatre` - `Debt Free London` - `Boadi Therapy` - `Infertility Network` - `Metro GAD` - `Re-wise project` - `South East London Community Energy (SELCE)` ``` Page 3 ``` ## **`THE FORUM @ GREENWICH`** ## **`REPORT OF THE TRUSTEES`** ## **`FOR THE YEAR ENDED 31 MARCH 2023`** - `Little Splodgers` - `Inside-Out Therapies` ``` Asonechallengeendsanotherunfolds.Thecurrentenergyandcostoflivingcrisishashada profound financialimpactontheForum.TheForum'sbuildingsareoldandlargeandutilisealotofgasand electricity. Ourenergycoststripledoverthewintermonths,whichputatremendousstrainontheCharity's finances. TheGovernmentreliefhelpedmarginally.AsaCharity,wewanttoensureourfundingisfocusedinareas of most need and not just used to pay energy bills. ``` ``` Currently,theForumTrusteesarecomfortablethattheForumisinafinanciallystablepositionandwe are all 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`** ``` TheTrustees,whoarealsodirectorsoftheCharityforthepurposeoftheCompaniesAct2006,present their reportwiththefinancialstatementsoftheCharityfortheyearended31March2022.TheTrustees have adoptedtheprovisionsofAccountingandreportingbyCharities:StatementofRecommended Practice applicabletoCharitiespreparingtheiraccountsinaccordancewithcurrentFinancialStandardsapplicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015). ``` ``` WehavereferredtotheCharityCommission'sgeneralguidanceonPublicBenefitwhenreviewingour aims andobjectivesandinplanningourfutureactivities.Inparticular,theTrusteeshaveconsideredhow the plannedactivitiesoftheorganisationwillcontributetotheaimsandobjectivesthathavebeen established for the charity. ``` ``` TheForum@Greenwichiswellestablishedandhasbeenoperatingforover40years.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 2023`** ## **`OBJECTIVES AND ACTIVITIES`** ## **`Significant activities`** ``` The Forum continues to deliver on its series of programmes which focus on the following: ``` ``` -BabiesandYoungChildren:TheForumactivelypromotespartnershipworkingandourcontinued work withUKLatinCommunityandMum'sAidprovidesasafespaceinwhichtoholdtheirgroups and consultations. ``` ``` -YoungAdultsandFamilies:2022/23hasseenafurtherincreaseinnewfamiliesmovingintothe area; theForumwillcontinuetolookatnewwaysinwhichtoadaptourservicesandactivitiestomeet the growingneedasmanyfamiliesarehousedinhighriseapartments,withaccesstogreenspace limited, especially in the winter months. ``` ``` -Partnershipbuilding,ElderlyandVolunteering:Wecontinuetohavestrongpartnershipswith Mum's Aid,theRetiredCivilServantsFellowship.OxleasNHSadultmentalhealthgroups,DiabetesUK,RBG Welfare Rights Hub and the local pensioners Forum. ``` ``` -Volunteers:Wecurrentlyhave9volunteers,including8Trustees.Weareconstantlylookingatways in which to expand our volunteer base and offer opportunities to local people. ``` ``` -UnfortunatelyaftermanyyearsofworkingwithGLABBofferingworkplacementsandjob opportunities. GLABBhassadlyclosedduetolackoffunding.Thisinitiativewasagreatopportunityforthe long-term unemployed. ``` ``` -TheForumremainsapopularvenueforthecommunitytoholdchildren'sparties,family celebrations, BBQ's,publicconsultations,localcouncilandvoluntarysectorconferences,electionvotingandmuch more. WeknowthattheForumisevenmorecrucialnowasthepopulationoftheareagrowsandthecostof living and energy crisis will hit many local business and community facilities. ``` ``` -CommunityEvents:WeweredelightedtoholdoursummerandChristmasfairs,aswellasthe Queens PlatinumJubileecelebrations,whichwereverywellattended,asnormalthereindeerandbirdsofprey stole theshow.SadlywesaidgoodbyetoaverydearandlongstandingCommunitymemberofthe Forum, Charles Medhurst, wh o passed away in late 2022 ``` ``` -Supportingvulnerablefamilies:KeepinginlinewithourVisionandMission,thisyearweare delighted tobeactivelyinvolvedwithprovidinglow-costmealsforpeoplevisitingtheWelfareRightsHub.Todate we have provided 365 meals for vulnerable and at risk adults. ``` ## **`MAINTENANCE & REPAIRS`** ``` This year our maintenance programme included: ``` ``` - Repairs and maintenance to the inside and roof of the Tower ``` - `Tiling to the main Forum roof` - `Replacement of 9 automatic doors` ``` - Re-instalment of railings and gates to the front of the Forum ``` - `New flooring to level 1 & 2` - `Tree preservation works` - `New automatic systems to the back and front electronic doors` ``` - Re-decorating where required ``` ``` -Continueourprogrammeofreplacingandupgradingthelightinginthebuildingstolowemission LED panels. ``` ``` -ChristChurchEastGreenwichRoofisduetoundergoextensiverepairandmaintenanceto repair inadequate guttering hopers and replace some of the flashing. ``` - `Grounds maintenance` ``` Page 5 ``` ``` THE FORUM @ GREENWICH ``` ## **`REPORT OF THE TRUSTEES`** ## **`FOR THE YEAR ENDED 31 MARCH 2023`** ## **`OBJECTIVES AND ACTIVITIES`** ## **`COMMUNICATION AND ADVERTISING`** ``` Communication and Advertising are key to spreading the word about the work the Forum undertakes. RecentlytheForumembarkedonanewandinnovativewayinwhichtopromotethegreatcommunity work thattheForumundertakes.ItissometimesdifficulttogetacrossentirelyhowmuchvaluetheForum brings to the local community, so we decided to let the community have their say. ``` ``` Weworkedwithanorganisationcalled"ReelNiceProductions".Josh,theArtisticDirector,spentmany days andhoursencapsulatingthegreatcommunityworkthatthegroupsandtheForumprovide.Thevideo will beparticularlybeneficialforgrantfundingapplicationstoallowthefundertoseefirst-handhowthe Forum hasbuiltupinvaluablerelationshipswiththeCommunityandwhatatremendousvalueaCommunity Centre is for everyone. ``` ``` To view the video click on the link: https://we.tl/t-iQdBGG8VPB ``` ``` WealsohaveadailypresenceonmostsocialmediaoutletsincludingthelocalGreenwichCommunity site. Ourwebsitewww.forumatgreenwich.org,isupdatedregularlywithinformationandspecialevents that everyone can get involved with. ``` ## **`ACHIEVEMENT AND PERFORMANCE`** ## **`Charitable activities`** ``` Tradingconditionsremainedslowduetotheenergycostsandthecostofliving.However,wecontinue to promotetheCentreandwehaveseennewgroupsstarttouseourfacilities.Wewillcontinuetoinvest in thefutureoftheCentre.Providingnewandmuchneededactivities/servicesthatbestmeettheneedsof the community. ``` ## **`STAFFING`** ``` TheForumstaffteamismadeupof5fulltime&5parttimestaff.TheLondonLivingWagewas increased by 8.15% to £11.95 per hour. ``` ## **`FINANCIAL REVIEW`** ## **`Principal funding sources`** ``` Our4-yearfundinggrantfromtheRoyalBoroughofGreenwichcontinuesuntil2027andthisyear totalled £44,500, a 42.5% annual reduction ``` ``` OurmanagementteamarecontinuallyapplyingforvariousgrantswheretheCharitymeetsthe funding criteria. ``` ## **`Grants & Fundraising prediction 22/23`** ``` Outside grants will be sourced for new activities taking place in the Forum ``` ## **`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£50,000,whichtheForumTrustees consider adequate. ``` ``` Page 6 ``` ## **`THE FORUM @ GREENWICH`** ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023`** ## **`FINANCIAL REVIEW`** ``` Debt:TheBoardhasanapproveddebtor'sprocedureandhaswrittenoffdebtwherethereis insufficient evidence to substantiate the likelihood of payment. ``` ## **`FUTURE PLANS`** ``` TheCharityhasexcitingplansforthefutureoftheorganisation.Alongwithdeliveringourcentral function, wewillcontinuetogrowandimproveournewprojectsandenhanceourcollaborativeworkingwiththe RBG and other charitable organisations. ``` ``` In2023/24,TheForumistakingaslightlydifferentapproachwithsomeofitsprojects.Traditionally the ForumhasbeentheconduitsupportingotheroutsideCharitiesandCICs,whohireoutspacesinorder for themtocarryoutCommunityActivities.Whilstwewillcontinueourcollaborationswithotherlocal charities andorganisations,inparticularprojectsandactivitiesthatcontributetowardreducingsocial isolation, supporting Diversity and Equality, the vulnerable and disabled, we will now deliver directly on this as well. ``` ## **`(NEW) Direct Delivery Programme 23/24`** ``` ArtsCraftsandCreativePlay:TheForumisembarkingonanewdirectDeliveryprogramme,which will focusondeliveringanddevelopinganewstylefreeflowArtsCraftsandCreativeplaysessionsfor children 0-5 years. ``` ``` Theclasseswillbeanopportunityforparentstointeractwiththeirchildinamorerelaxedsetting, rather than a rigid setting, where children become bored and uninterested very quickly. ``` ``` Thesessionareanopportunityforthechildtolearnandunderstandcraftssuchas,painting, textures, interactiveplay,createandunderstandinterestingcrafts,whichstimulatethemindandbuildontheir fine and gross motor skills, whilst also being free to play and interact with the other children. ``` ``` Afterthe30-40minutescraftsessionthechildrenandparentsarefreetousethetwosoftplaystolet off some steam. ``` ``` FeedbackfrommanyoftheparentsthatvisittheForumwasthatmanyclassesaskforafull-terms payment up-frontwhichwasbecomingunaffordableinthecurrentclimateandiftheirchildwassickthentheydid not get any money back or free sessions. ``` ``` Oursystemworksinafairerandmuchmoreaffordableway;payasyougo.Thisflexibilityisvery much welcomed by the parents and we are finding that our classes are still full each week. ``` ``` Allourworkpromotescommunitycohesion,EqualitiesandDiversity,socialinclusion,thedisabled and vulnerable, whilst building strong and meaningful partnerships that support all our community's needs. ``` ## **`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 2023`** ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure`** ``` TheForumisacharitablecompanylimitedbyguarantee,incorporatedon30May1986andregisteredas a charityon10June1986.TheForumwasestablishedunderaMemorandumofAssociation,which established the objects and powers of the charitable company and is governed by 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. Determine and implement an appropriate procedure for assessing the effectiveness of the Board, 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 2023`** ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Premises`** ``` TheForumoperatesfrom2buildingsonthesamesite.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. ``` ## **`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. ``` ``` TherehavebeentwochangestotheBoardofTrusteesduringthisreportingperiod.MrJGrinfeld resigned hispositionasaTrusteeafter12years.VidhyaRatnamissteppingdownimmediatelyafterthe AGM (13.12.2023). Both have been invaluable in supporting the Charity with their experience and skills. ``` ``` Wewouldliketothankthemforalltheirsupport,timeandexperiencetheyhaveshownoverthe years, which has benefited the Charity tremendously. Both trustees will be greatly missed. ``` ## **`Wider network`** ``` InsofarasitiscomplementarytotheCharity'sobjects,weareguidedatlocallevelbyassistingin the deliveryoftheLocalAreaAgreement,relevantRBGStrategiesandServiceLevelAgreementswith Royal Greenwich.TheForumisamemberoftheFederationofGreenwichCommunityCentresandissignedup to andfollowstheRoyalBoroughofGreenwichDiversityandEqualitiespolicy,activelyparticipatein focus groupsandmeetingsthatshapethefutureofthecommunityinordertofocusontheneedsofthe local community. ``` ``` Page 9 ``` ``` THE FORUM @ GREENWICH ``` ## **`REPORT OF THE TRUSTEES`** ## **`FOR THE YEAR ENDED 31 MARCH 2023`** ## **`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` - `Energy Crisis` - `Inflationary cost of living crisis which can impact the use of the Forum by the community` - `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` ## **`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 2023`** ## **`Trustees`** ``` T R B Anderson J A Grinfeld (resigned 7.6.2023) M Theodosiou N Barrington J E D'Costa D Bright V Ratnam C Vince ``` ## **`Company Secretary`** ``` J L Andrews ``` ## **`Independent Examiner`** ``` Charlotte Cross FCCA BSc IMA 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 2023. ``` ## **`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 canconfirmthatIamqualifiedtoundertaketheexaminationbecauseIamamemberoftheAssociation 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 ``` ``` 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 2023`** |`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`Charitable activities`**
`Catering income`
`Other trading activities`
`2`
`Investment income`
`3`
`Other income`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
`4`
**`Charitable activities`**
`Core activities`
**`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`
`£`
`29,999`
`33,043`
`2,472`
`339,581`
`2,119`
`407,214`
`55,503`
`355,031`
`410,534`
`(3,320)`
`(49,911)`
`(53,231)`
`165,348`
`112,117`|`Restricted`
`fund`
`£`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`49,911`
`49,911`
`(49,911)`
`49,911`
`-`
`1,158,084`
`1,158,084`|`2023`
`Total`
`funds`
`£`
`29,999`
`33,043`
`2,472`
`339,581`
`2,119`
`407,214`
`55,503`
`404,942`
`460,445`
`(53,231)`
`-`
`(53,231)`
`1,323,432`
`1,270,201`|`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`| |---|---|---|---|---| ``` The notes form part of these financial statements ``` ``` Page 13 ``` ## **`THE FORUM @ GREENWICH`** ## **`BALANCE SHEET`** ## **`31 MARCH 2023`** |`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`
`£`
`10,464`
`-`
`142,926`
`142,926`
`(41,272)`
`101,654`
`112,118`
`112,118`|`Restricted`
`fund`
`£`
`1,149,535`
`-`
`8,548`
`8,548`
`-`
`8,548`
`1,158,083`
`1,158,083`|`2023`
`Total`
`funds`
`£`
`1,159,999`
`-`
`151,474`
`151,474`
`(41,272)`
`110,202`
`1,270,201`
`1,270,201`
`112,118`
`1,158,083`
`1,270,201`|`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`| |---|---|---|---|---| ``` ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006 for the year ended 31 March 2023. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year ended 31 March 2023 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 2023`** ``` 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 2023`** ## **`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 2023`** |**`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`||`2023`
`£`
`2,472`
`2023`
`£`
`339,379`
`202`
`339,581`||`2022`
`£`
`490`
`2022`
`£`
`263,026`
`1`
`263,027`| |---|---|---|---|---| |||`2023`||`2022`| |||`£`||`£`| ||`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): ``` ||`2023`|`2022`| |---|---|---| ||`£`|`£`| |`Depreciation - owned assets`|`32,431`|`46,690`| |`Hire of plant and machinery`|`557`|`1,488`| ## **`6. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2023norfor the year ended 31 March 2022. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31March2023norfortheyear ended 31 March 2022. ``` ``` continued... ``` ``` Page 17 ``` ``` THE FORUM @ GREENWICH ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** ## **`7. STAFF COSTS`** ``` The average monthly number of employees during the year was as follows: ``` |`Full time`
`Part time`|`2023`
`5`
`5`
`10`|`2022`
`5`
`6`| |---|---|---| |||`11`| ``` No employees received emoluments in excess of £60,000. ``` ## **`8. TANGIBLE FIXED ASSETS`** |**`COST`**
`At 1 April 2022`
`Additions`
`At 31 March 2023`
**`DEPRECIATION`**
`At 1 April 2022`
`Charge for year`
`At 31 March 2023`
**`NET BOOK VALUE`**
`At 31 March 2023`
`At 31 March 2022`|`Long`
`leasehold`
`£`
`2,045,526`
`-`
`2,045,526`
`910,804`
`20,662`
`931,466`
`1,114,060`
`1,134,722`|`Fixtures`
`and`
`fittings`
`£`
`356,952`
`24,251`
`381,203`
`325,807`
`11,191`
`336,998`
`44,205`
`31,145`|`Computer`
`equipment`
`£`
`10,898`
`-`
`10,898`
`8,586`
`578`
`9,164`
`1,734`
`2,312`|`Totals`
`£`
`2,413,376`
`24,251`| |---|---|---|---|---| |||||`2,437,627`| |||||`1,245,197`
`32,431`| |||||`1,277,628`| |||||`1,159,999`| |||||`1,168,179`| ``` TheTrusteesoftheForumundertookarevaluationofthepropertyleaseattheForum, Trafalgar RoadLondonSE109EQwiththeleaseholdtenurenotedas99yearsfrom1December1986 in respectofthecommunitybuilding,andaleasedated29February1996foraperiodof99years for themainbuildingwiththevaluationcarriedoutbyYouensandCompanyLtd,Chartered Surveyors andregisteredvaluers.Themarketvalueofthepropertywasnotedas£1.235millionasat31 March 2017andtakingintoaccounttheoverallposition,thetrusteesconsiderthedepreciatedvalueof the long leasehold of £1.135 million as shown in the accounts to be sated at an appropriate level. ``` ``` TheTrusteeshavedecidedthatbecausethisassetdoesnotrepresentanyformoffunds,assets or cashwhichcanbeaccessedbytheForumforanypurpose,theywillnotundertakeaformal valuation of the property ongoing. ``` ``` TheTrusteeswishittobenotedthatofthetotalrestrictedfunds,£1.135millionrelates to thevaluationofthepropertyfromwhichtheForumoperatesinGreenwich. These restrictedfunds,therefore,donotrepresentanyformoffunds,assetsorcashwhich can beaccessedbytheForumforanypurpose.Theyrepresentpurelythepremises from which the Forum operates, and which cannot be disposed of. ``` ``` continued... ``` ``` Page 18 ``` ``` THE FORUM @ GREENWICH ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** |**`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`
`Accrued expenses`
**`11.`**
**`MOVEMENT IN FUNDS`**
`Net`
`movement`
`At 1.4.22`
`in funds`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`165,348`
`(3,319)`
**`Restricted funds`**
`Restricted Funds`
`1,158,084`
`(49,912)`
**`TOTAL FUNDS`**
`1,323,432`
`(53,231)`
`Net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`407,214`
**`Restricted funds`**
`Restricted Funds`
`-`
**`TOTAL FUNDS`**
`407,214`||`2023`
`£`
`-`
`2023`
`£`
`9,219`
`80`
`19,302`
`735`
`11,936`
`41,272`
`Transfers`
`between`
`funds`
`£`
`(49,911)`
`49,911`
`-`
`Resources`
`expended`
`£`
`(410,533)`
`(49,912)`
`(460,445)`|`2022`
`£`
`2,800`
`2022`
`£`
`7,286`
`1,973`
`17,976`
`660`
`2,850`
`30,745`
`At`
`31.3.23`
`£`
`112,118`
`1,158,083`
`1,270,201`
`Movement`
`in funds`
`£`
`(3,319)`
`(49,912)`
`(53,231)`| |---|---|---|---| ||||| ||||| ``` continued... ``` ``` Page 19 ``` ``` THE FORUM @ GREENWICH ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** ## **`11. MOVEMENT IN FUNDS - continued`** ## **`Comparatives for movement in funds`** |`At 1.4.21`
`£`
**`Unrestricted funds`**
`General fund`
`194,719`
**`Restricted funds`**
`Restricted Funds`
`1,158,085`
**`TOTAL FUNDS`**
`1,352,804`
`Comparative net movement in funds, included in the above`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted Funds`
**`TOTAL FUNDS`**||`Net`
`movement`
`in funds`
`£`
`22,188`
`(51,560)`
`(29,372)`
`e as follows:`
`Incoming`
`resources`
`£`
`363,869`
`-`
`363,869`||`Transfers`
`between`
`funds`
`£`
`(51,559)`
`51,559`
`-`
`Resources`
`expended`
`£`
`(341,681)`
`(51,560)`
`(393,241)`|`At`
`31.3.22`
`£`
`165,348`
`1,158,084`
`1,323,432`
`Movement`
`in funds`
`£`
`22,188`
`(51,560)`
`(29,372)`| |---|---|---|---|---|---| ||||||| ||`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 1.4.21`
`£`
`194,719`
`1,158,085`
`1,352,804`|`Net`
`movement`
`in funds`
`£`
`18,869`
`(101,472)`
`(82,603)`|`Transfers`
`between`
`funds`
`£`
`(101,470)`
`101,470`
`-`|`At`
`31.3.23`
`£`
`112,118`
`1,158,083`| |---|---|---|---|---| |||||`1,270,201`| ``` continued... ``` ``` Page 20 ``` ``` THE FORUM @ GREENWICH ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued`** ## **`FOR THE YEAR ENDED 31 MARCH 2023`** ## **`11. MOVEMENT IN FUNDS - continued`** ``` Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedin the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted Funds`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`771,083`
`-`
`771,083`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(752,214)`
`18,869`
`(101,472)`
`(101,472)`
`(853,686)`
`(82,603)`| |---|---|---| ``` TheTrusteeswishittobenotedthatofthetotalrestrictedfunds,£1.135millionrelatesto the valuationofthepropertyfromwhichtheForumoperatesinGreenwich.Theserestricted funds, therefore,donotrepresentanyformoffunds,assetsorcashwhichcanbeaccessedbytheForum for anypurpose.TheyrepresentpurelythepremisesfromwhichtheForumoperates,andwhich cannot be disposed of. ``` ## **`12. RELATED PARTY DISCLOSURES`** ``` There were no related party transactions for the year ended 31 March 2023. ``` ``` Page 21 ``` ## **`THE FORUM @ GREENWICH`** ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023`** |**`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`
`Advertising and marketing`
`Carried forward`|`2023`
`£`
`29,999`
`-`
`29,999`
`2,472`
`339,379`
`202`
`339,581`
`33,043`
`2,119`
`407,214`
`21,871`
`33,578`
`54`
`200,279`
`10,901`
`3,786`
`557`
`6,566`
`12,689`
`75,345`
`7,135`
`789`
`751`
`318,798`|`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`
`231`
`238,465`| ``` 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 2023`** |**`Charitable activities`**
`Brought forward`
`Sundries`
`Repair & Maintenance`
`Computer expenses`
`Staff expenses`
`Legal and professional`
`Payroll services`
`Long leasehold`
`Fixtures and fittings`
`Computer equipment`
**`Support costs`**
**`Finance`**
`Bank charges`
**`Governance costs`**
`Accountancy and legal fees`
`Total resources expended`
**`Net expenditure`**|`2023`
`£`
`318,798`
`1,647`
`32,451`
`6,052`
`1,802`
`4,073`
`1,059`
`20,662`
`11,192`
`578`
`398,314`
`2,537`
`4,091`
`460,445`
`(53,231)`|`2022`
`£`
`238,465`
`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)`| |---|---|---| ``` This page does not form part of the statutory financial statements ``` ``` Page 23 ```