``` 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 2025`** ## **`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 2025`** ||**`Page`**| |---|---| |**`Report of the Trustees`**|`1 to 12`| |**`Independent Examiner's Report`**|`13`| |**`Statement of Financial Activities`**|`14`| |**`Balance Sheet`**|`15 to 16`| |**`Notes to the Financial Statements`**|`17 to 22`| |**`Detailed Statement of Financial Activities`**|`23 to 24`| ## **`THE FORUM @ GREENWICH`** ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`** ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their reportwiththefinancialstatementsofthecharityfortheyearended31March2025.Thetrustees have adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ``` ``` IthasbeenanimportantyearfortheForum.Wecontinuetohavetodealwithhighenergycostsand the impactofthecostoflivingonourcommunity,whichobviouslyimpactshowmuchtheycanaffordto take advantageofourterrificfacilities.HoweverduringtheyearwewereawarethatMindwereinterested in joiningus,andmucheffortwasmadebyusandthemtomakethishappen,suchthattheymovedinto the Forum in August 2025. This brings us to almost 100% occupancy, with the addition of the charity Mums Aid. ``` ``` ThetrusteesandIbelievewearegoingtoenjoy,withoutIhopecomplacency,aperiodofstability from whichwecangrowandimproveourofferingtoourcommunityandstakeholdersinGreenwichinpursuit of ourvision,ahappy,vibrantandinclusivecentreattheheartoftheGreenwichCommunity,bringing people of all backgrounds, ages and abilities together. ``` ``` Asalways,myfellowtrusteesandIwouldliketothankJillAndrewsourCEOandherhard-workingteam for bringing this about this year. ``` ``` Jill has established a tremendous team much to her and their credit, thank you. ``` ``` Tim ``` ## **`Tim Anderson, Chair of Trustees`** ## **`Chief Executive's Review of the year April 2024 - March 2025`** ## **`Overview:`** ``` Nowinmy12thyearasChiefExecutivefortheForumatGreenwich.Asalways,Iwouldliketoexpress my thankstotheTrusteesandagreatstaffteamfortheircontinuedsupportandtheloyaltytheyhave shown towards the Forum. ``` ``` 2024/25hasonceagainpresenteduswithsomeinterestingchallenges.Everyonehasworkedhardand with enthusiasmtoensurethecharitiessuccess,inwhatappearstobeanever-endingroadofchallenges.A big thank you to everyone. ``` ``` Wesaidfarewellto3longtermmembersofstaff,whotookretirement.DavidThorne,whohadbeen with theForumfor20years,PaulNewmanandhiswifeGillianwhowerewithusfor6years.Wewish them every success and an enjoyable retirement. ``` ``` In24/25wearestillexperiencinghighutilitybills,withwaterandwasteshowingthehighestupliftof around 80%. ``` ``` Lastwinterenergycostscontinuedtobehigh.Consumptionlevelseasedslightly.Thiswinterwe remained openuntil9:00pmtosupportourorganisations,whointurnweresupportingthecommunity's needs, around counselling and energy. ``` ``` Withtheadvicefromourenergybrokers,wesetanannualtariffatthemarketslowestpriceavailableat the time.AsnormaltherewillbeanexpectedriseinenergypricecapinOctober.Ourcurrentpricingwilltake us through to April 2026, when tariff costs traditionally reduce for the spring and summer. ``` ``` TheForumcontinuestobuildonitsreputationofprovidingcompetitive,accessible,andinclusivespaces for charities, not-for-profit and of course our community. ``` ``` Page 1 ``` ``` THE FORUM @ GREENWICH ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`** ``` Althoughanuphillstruggleafterthepandemic,customerclassesandprogrammeshavealmostreturned to pre- pandemic levels. ``` ``` TwonewLicenceHolders:Weareveryhappytowelcome.SoutheastLondonMindandMum'sAid who took up licences in the F orum, this increased our occupancy level to almost 100%. ``` ``` Theareaswehaveseenaslightdownturninischildren'spartiesandsoftplaydailysessions.Thesnack bar revenue is also gradually decreasing. ``` ``` HavingspokentoseveralusersoftheForum,themainconcernforalotoffamiliesisthecontinued high costofliving.Alargehikeinfoodpricesandgenerallivingcosts,i.e.householdbillsishavinga negative effect on people's disposable income, also impacting on the Forum ``` ``` Our direct delivery programme . Arts and Craft is still popular and continues to gain momentum. ``` ## **`Romanian Embassy Elections:`** ``` TheForumworkedcloselywiththeRomanianEmbassytohosttheirPresidentialElections.This service enablesRomanianNationalstovoteinperson.Therewereseveralroundsstretchedoverseveralweeks and months.Unfortunately,thefirstroundwascancelled,duetoallegedillegalinterferencewithon-line voting. The second round which stretched over 3 weeks was a success. ``` ## **`Volunteer Rebecca Anderson:`** ``` RebeccaAndersonaLawundergraduate,volunteeredhertimetotheForumtocarryoutresearchon other overseascountriesthatcouldconsiderholdinginpersonvotingintheUK.Rebeccaputtogethera valuable andcomprehensivepieceofresearch;thisresearchpaperwillbeextremelybeneficialtotheForum when future overseas elections are being planned. ``` ``` TheresearchRebeccacarriedoutincludedthedatesofthenextelectionsandrelevantcontactdetailsof the Embassies.TheForumwillreachouttotheEmbassycontactstooffertheopportunitytothemand their citizens living in the UK to vote in person, using facilities like the Forum. Thank you, Rebecca. ``` ``` TheGovernments"Warmspaces"programme,whichsupportsvulnerablepeopleinourcommunity, reduced fundingopportunitiesthisyear,thereforetheForumwasunabletosupportthisfully.Wearehopingthat the fundingwillreturnforthiswinterastheprogrammewasagreatsuccessandhelpedsomany vulnerable people and families in the community. ``` ``` TheForumcontinuestoworkcloselywiththeRBGtoprovideaspaceandfoodonaMondayfor the community seeking advice through the borough's Welfare Right Project. ``` ``` Duetofinancialconstraints,wedecidednottoholdanyofourfairsthisyearandhopetoresumein the summer of 2026. ``` ## **`Financial & Future Sustainability:`** ``` Profit&Lossstatementsareproducedeachmonthandreceivedbythefinancecommitteeofthe board reportingbi-monthlytotheTrusteestoensurethatthecharitiesincomeandexpenditureis accurately tracked,risksarehighlighted,andwecanactinatimelymannertomitigatethoserisksmovingina positive direction. ``` ``` Theboardareconsciousthatthebuildingsareoldandupkeeptopartsofthebuildingishugely costly, especiallythestoneworkontheoutsideofthemainbuilding,wecontinuetoassessthesafetyof the stoneworkandinstigateremedialworkswhererequired.Weactpro-activelytotryandanticipateand plan for the cost associated with that and revise and amend forecasts where necessary, as far as we are able. ``` ``` The Forum's main income is generated from: ``` ``` Page 2 ``` ``` THE FORUM @ GREENWICH ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`** - `Licence holders` - `Room hires` - `Children's parties` - `Soft play arts and craft sessions` - `Snack Bar` - `RBG Grant` ``` The Forum's financial accounts outline the various income streams and their value. ``` ## **`Summary:`** ## **`The Future 2025/26`** ``` TheForumatGreenwichisgratefulfortheongoingsupportfromtheRBGwhoprovideinvaluablefunding to support community initiatives. ``` ``` TheForumcontinuestosupportthebelowprogrammesbyprovidingspacesandfacilitiestoensure delivery reaches as many of the local community as possible: ``` ``` -RBGWelfareRightsHub:Thisprogrammewasintroducedtohelpsupportvulnerablepeople with benefitsclaims,CAB,debtadviceandfoodsupport.TheForumhoststheHubeveryMonday morning throughouttheyear.WeworkinpartnershipwiththeHubteamtoprovidemealsandsnacksfromour café foravoucherprovidedbytheRBG.TheschemeispaidforbytheRBGandbringsadditionalrevenueto the café. To date we have pro vided over 800 meals. ``` ``` - The diabetes prevention programme is no longer being funded in this area. ``` ``` - Holiday Food & Activities workshops for children are no longer being funded in this area. ``` ``` - NXS OXLEAS: continues its programme of Hearing Voices every Friday afternoon in the Forum. ``` ``` Events: We have had several large events taking place in the Forum over the year. ``` ``` - NHS Doctors Convention ``` - `Romanian Embassy Elections` - `Local Council elections` - `Local council consultation on proposed traffic planning` - `MET Police community programme` - `This year the Forum will support the Mental Health Awareness day for South East London Mind` ``` 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.Thosethatfocusontacklingsocialisolation,diversity,equality,inclusivity, and a welcoming atmosphere. All these key components help bring a community together to support each other. ``` ``` There are 5 main project areas we focus on: ``` - `Community Interaction` - `Reducing Social Isolation` - `Accessibility and Affordability` ``` Page 3 ``` ``` THE FORUM @ GREENWICH ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`** ``` - Diversity and Equality ``` - `Supporting mental health` ``` CommunityEngagement:Withastrongfocusoninclusivity,equalityanddiversity,theForum works closelywithallorganisationsthatuseourspacestopromoteaninclusiveenvironmentwhendelivering their activitiesandclasses.Beingabletoprovideaspacetodelivermeaningfulprojectsthatsitattheheartof the community in the curren t climate is invaluable. ``` ``` LicensedofficeSpaces:Ourleaserequiresthatweonlygrantlicencestocharitable organisations, registered charities, Com munity Interest Companies and Social Enterprises. ``` ``` Our current Licence holders are: ``` - `More 2 Childcare` - `Little Fish Theatre` - `Boadi Therapy` - `Metro GAD` - `Re-wise project` - `Southeast London Community Energy (SELCE)` - `Inside-Out Therapies` - `Mums Aid` - `South East London Mind` ``` Aswithalloldbuildings,theForumwillalwaysfacethechallengesofmaintainingthestructure, internally andexternally.Ourregularmaintenanceandrepairprogrammeaswellasannualriskassessments ensures thatthebuildingsaresafeandsecure.Aspartofourprogrammethisyear,wecompletedmajorrepairs to the ``` - `External walls on the roof terrace.` - `Replaced door fire strips,` - `Installed LED lighting panels to most areas.` - `Refurbished the first-floor kitchen` - `Replaced floor threshold bars` - `Ongoing decorating programme` - `Replaced boilers in the Community Building` - `Replaced and extended buggy park outside the Community Building` - `2nd floor offices refurbished` - `Asbestos survey updated` - `Fire and H&S risk assessments updated` - `Fire and security alarms updated to a total Wi-Fi system, eliminating the need for expensive Redcare lines.` - `Window canopies added to the Community building` - `Gutters, drains and hoppers cleared` - `Reception area redecorated` - `New buggy park added to M2C outside area` ``` WithSELMindcomingtotheForumamajortransformation,lastingover3monthsofourSherardHall was undertakentoprovide4counsellingrooms.IntotalMindarelicencing4spacesintheForummain building andthe1hubspaceandgardenintheCommunitybuilding,alltheseareashaveundergone extensive refurbishment. ``` ``` Thecurrentcostoflivingcrisiscontinuestohaveaprofoundfiscalimpactonmanyofourusers. The increaseinemployerNIandLondonLivingwageincreasehashadasignificantimpactofthe Forum's finances.Asaresult,wehavehadtorethinkourpriceswhilststillofferingacompetitivepricefor our customers and users. ``` ``` TheEnergyCapwillbeincreasedbyafurther2%fromOctober2025.Thisagainwillputastrainon the Charities financial resources. ``` ``` Page 4 ``` ``` THE FORUM @ GREENWICH ``` ## **`REPORT OF THE TRUSTEES`** ## **`FOR THE YEAR ENDED 31 MARCH 2025`** ``` Currently,theForumTrusteesarecomfortablethattheForumisinafinanciallystableposition,andwe 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 reportwiththefinancialstatementsoftheCharityfortheyearended31March2023.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@Greenwichhasbeenoperatingforover40years.TheForum'skeyobjectiveistoprovide a communitycentre,attheheartoftheEastGreenwichcommunity,onethatisaccessibletoall,offering a wide range of services to meet the ever-expanding 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` - `workplace.` - `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, mental health and` - `dementia.` - `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 5 ``` ``` THE FORUM @ GREENWICH ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`** ## **`OBJECTIVES AND ACTIVITIES`** ## **`Significant activities`** ``` Significantactivities:TheForumcontinuestodeliveronitsseriesofprogrammeswhichfocuson the following: ``` ``` -BabiesandYoungChildren:TheForumactivelypromotespartnershipworkingandourcontinued work withMum'sAidprovidesasafespaceinwhichtheycanholdtheirgroupsandconsultations.Thisspace is offered to Mum's Aid at a reduced cost. ``` ``` -YoungAdultsandFamilies:2024/25hasseenafurtherincreaseinnewfamiliesmovingintothe area; theForumwillcontinuetolookatnewwaysinwhichtoadaptourservicesandactivitiestomeet the growingneedasmanyfamiliesarehousedinhighriseapartments,withaccesstogreenspace limited, especially, in the winter months. ``` ``` -Partnershipbuilding,ElderlyandVolunteering:Wecontinuetohavestrongpartnershipswith Mum's Aid.OxleasNHSadultmentalhealthgroups,RBGWelfareRightsHubandthelocalpensioners Forum. Hatcliffe Trust and Mind. ``` ``` -Volunteers:Wecurrentlyhave8volunteers,including6Trustees.Weareconstantlylookingatways in which to expand our volunteer base and offer opportunities to local people. ``` ``` -TheForum:Remainsapopularvenueforthecommunitytoholdchildren'sparties,family celebrations, BBQ's,publicconsultations,localcouncilandvoluntarysectorconferences,electionvotingandmuch more. WeknowthattheForumisevenmorecrucialnowasthepopulationoftheareagrowsand the ever-increasing cost of living and energy hits many local business and community facilities. ``` ``` -Supportingvulnerablefamilies:KeepinginlinewithourVisionandMission,thisyearweare delighted tocontinuebeinginvolvedwithprovidinglow-costmealsforpeoplevisitingtheWelfareRightsHub.To date we have provided over 800 meals for vulnerable and at-risk adults. ``` ## **`MAINTENANCE & REPAIRS`** ``` This year our maintenance programme included: ``` ``` -External walls on the roof terrace. ``` ``` - Replaced door fire strips, ``` - `Installed LED lighting panels to most areas.` ``` - Refurbished the first-floor kitchen ``` - `Replaced floor threshold bars` - `Ongoing decorating programme` ``` - Replaced boilers in the Community Building ``` - `Replaced and extended buggy park outside the Community Building` ``` - 2nd floor offices refurbished ``` ``` - Asbestos survey updated ``` ``` - Fire and H&S risk assessments updated ``` - `Fire and security alarms updated to a total Wi-Fi system, eliminating the need for expensive Redcare lines.` ``` - Window canopies added to the Community building ``` - `Gutters, drains and hoppers cleared` ``` - Reception area redecorated ``` - `New buggy park added to M2C outside area` ``` - Replaced door intumescent strips ``` ``` - Repairs and maintenance to the tower to remove pigeons and seal the entrance ``` - `Lightning Conductor testing` - `Tree preservation works` ``` - Re-decorating where required -Continueourprogrammeofreplacingandupgradingthelightinginthebuildingstolowemission LED panels. ``` - `Repairs and maintenance to all lifts` - `Grounds maintenance` - `Installed New digital part for the generator` - `Lift repairs and maintenance` - `Water tanks cleaned sanitised and renewed were required` ``` Page 6 ``` ``` THE FORUM @ GREENWICH ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`** ## **`OBJECTIVES AND ACTIVITIES`** ## **`COMMUNICATION AND ADVERTISING`** ``` Communication and Advertising are key to spreading the word about the work the Forum undertakes. ``` ``` Wealsohaveadailypresenceonmostsocialmediaoutlets,Facebook,InstagramandtheCommunity page oftheRoyalBoroughofGreenwichwebsite,https://www.royalgreenwich.gov.uk/our website www.forumatgreenwich.org,isupdatedregularlywithinformationandspecialeventsthateveryonecan get involved with. ``` ## **`ACHIEVEMENTS AND PERFORMANCE`** ## **`Charitable activities`** ``` Tradingconditionsremainedslowduetotheenergycostsandthecostofliving.However,wecontinue to promotethecentre,andwehaveseennewgroupsstarttouseourfacilities.Wewillcontinuetoinvest in thefutureoftheCentre,providingnewandmuchneededactivities/servicesthatbestmeettheneedsof the community. ``` ## **`STAFFING:`** ``` TheForumstaffteamismadeupof6fulltime&3parttimestaff.TheLondonLivingWagewas increased to to £13.85 per hour in the year as well as the government increase to employer N.I. ``` ## **`FINANCIAL REVIEW`** ## **`Principal funding sources`** ``` Our 4-year funding grant from the Royal Borough of Greenwich continues until 2027. ``` - `RBG Grant £17,500 per annum` - `Hatcliffe Housing £3,600 to support elderly low impact training` ``` Additionally,ourmanagementteamarecontinuallyapplyingforvariousgrantswheretheCharitymeets the funding criteria. ``` ## **`Grants & Fundraising prediction 25/26`** ``` OutsidegrantswillbesoughtfornewactivitiestakingplaceintheForum.Currentlygrantfunding is extremelyspecificaroundcertainprojects.Corefundingisgettinghardertoobtain.TheRBGGrowth Fund (section106monies)wasnotavailablethisyear.TheForumdoesnottendtodeliverprojectsin house, apart from our art and craft club. ``` ``` TheForumisrunningatalmost100%occupancy;thisiswhereourcorerevenueisobtainedand supports the charities core running costs and maintenance programmes. ``` ## **`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-termsickness,or maternity leave. At present, the reserve fund is around £50,000, which the Forum Trustees consider adequate. ``` ``` Debt:TheBoardhasanapproveddebtor'sprocedureandhaswrittenoffdebtwherethereis insufficient evidence to substantiate the likelihood of payment. ``` ``` Page 7 ``` ## **`THE FORUM @ GREENWICH`** ## **`REPORT OF THE TRUSTEES`** ## **`FOR THE YEAR ENDED 31 MARCH 2025`** ## **`FUTURE PLANS`** ``` TheCharityhasexcitingplansforthefutureoftheorganisation.Alongwithdeliveringourcentral function, wewillcontinuetogrowandimproveourprojectsandenhanceourcollaborativeworkingwiththeRBG and other charitable organisations as financial conditions allow. ``` ``` WeareplanningtoworkcloselywithSouthEastLondonMindandsupporttheneedsoftheirservice users where possible. ``` ``` ManyofMind'sserviceusersknowtheForumverywellandareverymuchlookingforwardtousing the facilities. ``` ``` Allourworkpromotescommunitycohesion,equalitydiversity,socialinclusion.Wecentreonthe disabled, thevulnerable,youngpeopleandfamiliesandcommunity,whilstbuildingstrongand meaningful partnerships. ``` ## **`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 8 ``` ``` THE FORUM @ GREENWICH ``` ## **`REPORT OF THE TRUSTEES`** ## **`FOR THE YEAR ENDED 31 MARCH 2025`** ## **`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.Oversightandgovernanceofthecharity,includingcontrolandaccountabilitysystems.Annually reviewing theskillsandexperiencerepresentedontheBoardconsideringtheForum'sstrategicdirection, and approving Board composition, including electing Chair and vice-Chair. ``` - `b. Appointing, determining the composition of, and setting the terms of reference for Board sub-committees.` - `c. Determine and implement an appropriate procedure for assessing the effectiveness of the Board, the Board Chair, committees and Trustees in fulfilling their responsibilities.` - `d. Assuming responsibility for the Forum's governance practices.` - `e. Ensuring that Trustees meet regularly.` - `f. Setting and reviewing the terms of reference for the Board.` - `g. Ensuring that members are consulted regularly as required by the Memorandum of Association, setting the agenda and preparing minutes.` - `h. Appointing and removing the Chief Executive and establishing their remuneration package.` - `i. Monitoring the performance of the Chief Executive.` - `j. Contributing to and final approval of charities mission statement.` - `k. Contributing to and final approval of the budget and business plan and associated performance objectives.` - `l. Contributing to and final approval of the strategic plan and associated performance measures.` - `m. Implementation of strategy and ensuring appropriate resources are available.` - `n. Reviewing and ratifying policies for reserves, risk management and investment.` - `o. Reviewing and ratifying leases and matters relating to property holdings.` - `p. Monitoring risk management and internal compliance and control systems and assessments.` - `q. Approving the authorisation structure applicable to capital expenditure and operational commitments.` - `r. Approving and monitoring financial and other reporting.` - `s. Setting pay policy, including bonus.` - `t. Ensuring compliance with the Forum's Environmental, Health and Safety Policies.` - `u. Appointment of bankers and auditors.` - `v. Dealing with and settling legal claims.` ``` Page 9 ``` ## **`THE FORUM @ GREENWICH`** ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`** ## **`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 use of this is not formalised by lease. ``` ``` TheForumisresponsibleforthemaintenanceandupkeepofthebuildings,includingthespaceoccupied by theparishchurch.Aspointedoutintheaccounts,landandbuildingrepresentsthecapitalisationofthe lease andallsubsequentimprovementcostsincurredovertheyears.Thefreeholdsofthelandandbuildings are ownedbyRochesterandSouthwarkDiocesanChurchTrust;theForumdoesnothaveanyfinancial interest in these properties, other than through the leases. ``` ## **`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 have been 2 changes changes to the Board of Trustees in this reporting period. ``` ``` - Mr Peter Hewitt-Penfold (14.10.2024) Appointed - Mrs C Vince (1st July 2024) retired ``` ## **`Wider network`** ``` InsofarasitiscomplementarytotheCharity'sobjects,weareguidedatlocallevelbyassistingin the deliveryoftheLocalAreaAgreement,relevantRBGStrategiesandServiceLevelAgreementswith Royal Greenwich.TheForumisamemberoftheFederationofGreenwichCommunityCentresandissignedup to andfollowstheRoyalBoroughofGreenwichDiversityandEqualitiespolicy,activelyparticipatein focus groups and meetings that shape the future of the community to focus on the needs of the local community. ``` ``` Page 10 ``` ``` THE FORUM @ GREENWICH ``` ## **`REPORT OF THE TRUSTEES`** ## **`FOR THE YEAR ENDED 31 MARCH 2025`** ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Risk management`** ``` WithinTheForum@Greenwich,theBoardofTrusteeshasfullresponsibilityforensuringrisks are addressed and the Risk Register is kept up to date. ``` ``` TheBoardofTrusteeshasconductedreviewsofthemajorriskstowhichthecharityisexposed, and systems have been established to mitigate those risks. ``` ``` The Forum has adopted the Charity Commission's template for risk analysis assessment as laid out below ``` - **`Strategic`** `- failure to create a deliverable strategic plan, failure to identify and respond to major external` - `issues.` - **`Financial`** `- fail to secure adequate income, fraud, fail to use resources effectively.` - **`Operational`** `- injury to a beneficiary, project/activity delayed or not delivered, loss of premises.` - **`Reputational`** `- damaging media coverage, unable to articulate a clear engaging message` - **`Legal/Compliance`** `- significant breach of data protection, safeguarding failing, health & safety incident.` - **`Governance`** `- lack of effective oversight, loss of key trustees, not managed effectively.` - **`IT`** `- cyber-attack, virus, loss of systems or data and the growing AI risk.` - **`People`** `- a toxic culture, loss of key people, unable to recruit adequate staff/volunteers, a serious HR` - `issue.` ``` Theseproceduresarereviewedannuallytoensuretheystillmeettheneedsofthecharity.Themain risks continue to be identified, among others, as: ``` - `Loss of sustainable revenue` - `Pandemic hits the UK and Worldwide` - `Energy and Increased maintenance costs` - `Loss of Chief Executive` - `Long-term absence of key staff` - `Inadequate reserves` - `Increase building maintenance costs` - `Loss of funding` - `Loss of license holders` - `Catastrophic disruption` - `Reduction in demand for room hire` - `Malicious electronic damage` - `Significant increase in cost of living which can impact the use of the Forum by the community` - `Revised legislation, for example, increased environmental requirements.` - `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 11 ``` ``` THE FORUM @ GREENWICH ``` ## **`REPORT OF THE TRUSTEES`** ## **`FOR THE YEAR ENDED 31 MARCH 2025`** ## **`Trustees`** ``` T R B Anderson M Theodosiou N Barrington J E D'Costa D Bright C Vince (resigned 1.7.2024) P S Hewitt-Penfold (appointed 14.10.2024) ``` ## **`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 12 ``` ## **`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 2025. ``` ## **`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 13 ``` ## **`THE FORUM @ GREENWICH`** ## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025`** |`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`
**`Charitable activities`**
`Core activities`
**`Total`**
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`fund`
`£`
`21,097`
`12,978`
`-`
`418,928`
`8,298`
`461,301`
`48,681`
`396,212`
`444,893`
`16,408`
`97,644`
`114,052`|`Restricted`
`fund`
`£`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`24,481`
`24,481`
`(24,481)`
`1,109,556`
`1,085,075`|`2025`
`Total`
`funds`
`£`
`21,097`
`12,978`
`-`
`418,928`
`8,298`
`461,301`
`48,681`
`420,693`
`469,374`
`(8,073)`
`1,207,200`
`1,199,127`|`2024`
`Total`
`funds`
`£`
`35,676`
`36,777`
`3,251`
`357,244`
`14,494`
`447,442`
`60,604`
`449,839`
`510,443`
`(63,001)`
`1,270,201`
`1,207,200`| |---|---|---|---|---| ``` The notes form part of these financial statements ``` ``` Page 14 ``` ## **`THE FORUM @ GREENWICH`** ## **`BALANCE SHEET`** ## **`31 MARCH 2025`** |`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`7`
**`CURRENT ASSETS`**
`Debtors`
`8`
`Cash at bank and in hand`
**`CREDITORS`**
`Amounts falling due within one year`
`9`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT`**
**`LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`10`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Unrestricted`
`fund`
`£`
`18,699`
`27,302`
`111,282`
`138,584`
`(43,231)`
`95,353`
`114,052`
`114,052`|`Restricted`
`fund`
`£`
`1,085,075`
`-`
`-`
`-`
`-`
`-`
`1,085,075`
`1,085,075`|`2025`
`Total`
`funds`
`£`
`1,103,774`
`27,302`
`111,282`
`138,584`
`(43,231)`
`95,353`
`1,199,127`
`1,199,127`
`114,052`
`1,085,075`
`1,199,127`|`2024`
`Total`
`funds`
`£`
`1,134,782`
`19,931`
`91,148`
`111,079`
`(38,661)`
`72,418`
`1,207,200`
`1,207,200`
`97,644`
`1,109,556`
`1,207,200`| |---|---|---|---|---| ``` ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006 for the year ended 31 March 2025. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year ended 31 March 2025 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 15 ``` ## **`THE FORUM @ GREENWICH`** ## **`BALANCE SHEET - continued`** ## **`31 MARCH 2025`** ``` Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable companies subject to the small companies regime. ``` ``` ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on ............................................. and were signed on its behalf by: ``` ``` ............................................. ``` ``` T R B Anderson - Trustee ``` ``` ............................................. ``` ``` M Theodosiou - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 16 ``` ``` THE FORUM @ GREENWICH ``` ## **`NOTES TO THE FINANCIAL STATEMENTS`** ## **`FOR THE YEAR ENDED 31 MARCH 2025`** ## **`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 17 ``` ``` THE FORUM @ GREENWICH ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`** |**`2.`**
**`OTHER TRADING ACTIVITIES`**
`Fundraising events`
**`3.`**
**`INVESTMENT INCOME`**
`Rents received`
`Interest income`
**`4.`**
**`NET INCOME/(EXPENDITURE)`**
`Net income/(expenditure) is stated after charging/(crediting):`
`Depreciation - owned assets`
`Hire of plant and machinery`|`2025`
`£`
`-`
`2025`
`£`
`418,897`
`31`
`418,928`
`2025`
`£`
`31,008`
`928`|`2024`
`£`
`3,251`
`2024`
`£`
`357,244`
`-`|`2024`
`£`
`3,251`| |---|---|---|---| |||`357,244`|| |||`2024`
`£`
`34,456`
`754`|| ## **`5. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025norfor the year ended 31 March 2024. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31March2025norfortheyear ended 31 March 2024. ``` ## **`6. STAFF COSTS`** ``` The average monthly number of employees during the year was as follows: ``` |`Full time`
`Part time`|`2025`
`6`
`5`
`11`|`2024`
`6`
`6`| |---|---|---| |||`12`| ``` No employees received emoluments in excess of £60,000. ``` ``` continued... ``` ``` Page 18 ``` ``` THE FORUM @ GREENWICH ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`** ## **`7. TANGIBLE FIXED ASSETS`** |**`COST`**
`At 1 April 2024 and 31 March 2025`
**`DEPRECIATION`**
`At 1 April 2024`
`Charge for year`
`At 31 March 2025`
**`NET BOOK VALUE`**
`At 31 March 2025`
`At 31 March 2024`|`Long`
`leasehold`
`£`
`2,045,526`
`952,128`
`20,661`
`972,789`
`1,072,737`
`1,093,398`|`Fixtures`
`and`
`fittings`
`£`
`390,442`
`350,359`
`10,021`
`360,380`
`30,062`
`40,083`|`Computer`
`equipment`
`£`
`10,898`
`9,597`
`326`
`9,923`
`975`
`1,301`|`Totals`
`£`
`2,446,866`| |---|---|---|---|---| |||||`1,312,084`
`31,008`| |||||`1,343,092`| |||||`1,103,774`| |||||`1,134,782`| ``` TheTrusteesoftheForumundertookarevaluationofthepropertyleaseattheForum, Trafalgar RoadLondonSE109EQwiththeleaseholdtenurenotedas99yearsfrom1December1986 in respectofthecommunitybuilding,andaleasedated29February1996foraperiodof99years for themainbuildingwiththevaluationcarriedoutbyYouensandCompanyLtd,Chartered Surveyors andregisteredvaluers.Themarketvalueofthepropertywasnotedas£1.235millionasat31 March 2017andtakingintoaccounttheoverallposition,thetrusteesconsiderthedepreciatedvalueof the long leasehold of £1.072 million as shown in the accounts to be stated at an appropriate level. ``` ``` TheTrusteeshavedecidedthatbecausethisassetdoesnotrepresentanyformoffunds,assets or cashwhichcanbeaccessedbytheForumforanypurpose,theywillnotundertakeaformal valuation of the property ongoing. ``` ``` TheTrusteeswishittobenotedthatofthetotalrestrictedfunds,£1.073million (2024 £1.093million)relatestothevaluationofthepropertyfromwhichtheForumoperates in Greenwich.Theserestrictedfunds,therefore,donotrepresentanyformoffunds, assets orcashwhichcanbeaccessedbytheForumforanypurpose.Theyrepresentpurely the premises from which the Forum operates, and which cannot be disposed of. ``` ## **`8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |`Trade debtors`
`Other debtors`
`VAT`|`2025`
`£`
`24,610`
`-`
`2,692`
`27,302`|`2024`
`£`
`6,579`
`10,810`
`2,542`| |---|---|---| |||`19,931`| ``` continued... ``` ``` Page 19 ``` ``` THE FORUM @ GREENWICH ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued`** ## **`FOR THE YEAR ENDED 31 MARCH 2025`** ## **`9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||| |---|---|---| |`Trade creditors`
`Payments received in advance`
`Other creditors`
`Net wages payable`
`Accrued expenses`|`2025`
`£`
`8,820`
`-`
`118`
`328`
`33,965`
`43,231`|`2024`
`£`
`4,124`
`13,511`
`11,613`
`-`
`9,413`| |||`38,661`| ## **`10. MOVEMENT IN FUNDS`** |`At 1.4.24`
`£`
**`Unrestricted funds`**
`General fund`
`97,644`
**`Restricted funds`**
`Restricted Funds`
`1,109,556`
**`TOTAL FUNDS`**
`1,207,200`
`Net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`461,301`
**`Restricted funds`**
`Restricted Funds`
`-`
**`TOTAL FUNDS`**
`461,301`||`Net`
`movement`
`in funds`
`£`
`16,408`
`(24,481)`
`(8,073)`
`Resources`
`expended`
`£`
`(444,893)`
`(24,481)`
`(469,374)`|`At`
`31.3.25`
`£`
`114,052`
`1,085,075`
`1,199,127`
`Movement`
`in funds`
`£`
`16,408`
`(24,481)`
`(8,073)`| |---|---|---|---| ||||| ||||| ``` continued... ``` ``` Page 20 ``` ``` THE FORUM @ GREENWICH ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`** ## **`10. MOVEMENT IN FUNDS - continued`** ## **`Comparatives for movement in funds`** |`At 1.4.23`
`£`
**`Unrestricted funds`**
`General fund`
`112,118`
**`Restricted funds`**
`Restricted Funds`
`1,158,083`
**`TOTAL FUNDS`**
`1,270,201`
`Comparative net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`447,442`
**`Restricted funds`**
`Restricted Funds`
`-`
**`TOTAL FUNDS`**
`447,442`
`A current year 12 months and prior year 12 months combined position is a`
`At 1.4.23`
`£`
**`Unrestricted funds`**
`General fund`
`112,118`
**`Restricted funds`**
`Restricted Funds`
`1,158,083`
**`TOTAL FUNDS`**
`1,270,201`|| |---|---| ||| ``` continued... ``` ``` Page 21 ``` ``` THE FORUM @ GREENWICH ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued`** ## **`FOR THE YEAR ENDED 31 MARCH 2025`** ## **`10. MOVEMENT IN FUNDS - continued`** ``` Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedin the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted Funds`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`908,743`
`-`
`908,743`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(906,809)`
`1,934`
`(73,008)`
`(73,008)`
`(979,817)`
`(71,074)`| |---|---|---| ``` TheTrusteeswishittobenotedthatofthetotalrestrictedfunds,£1.072million(2024 £1.093 million)relatestothevaluationofthepropertyfromwhichtheForumoperatesinGreenwich. These restrictedfunds,therefore,donotrepresentanyformoffunds,assetsorcashwhichcanbe accessed bytheForumforanypurpose.TheyrepresentpurelythepremisesfromwhichtheForum operates, and which cannot be disposed of. ``` ## **`11. RELATED PARTY DISCLOSURES`** ``` There were no related party transactions for the year ended 31 March 2025. ``` ``` Page 22 ``` ## **`THE FORUM @ GREENWICH`** ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025`** |**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`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`
**`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`
`Sundries`
`Repair & Maintenance`
`Computer expenses`
`Staff expenses including Explore and Grow`
`costs`
`Legal and professional`
`Carried forward`|`2025`
`£`
`21,097`
`-`
`418,897`
`31`
`418,928`
`12,978`
`8,298`
`461,301`
`24,928`
`23,753`
`226,160`
`13,346`
`4,424`
`928`
`1,629`
`13,568`
`45,742`
`6,111`
`1,450`
`339`
`121`
`58,875`
`8,017`
`2,529`
`628`
`383,867`|`2024`
`£`
`35,676`
`3,251`
`357,244`
`-`| |---|---|---| |||`357,244`
`36,777`
`14,494`| |||`447,442`
`15,397`
`45,207`
`222,946`
`11,694`
`3,980`
`754`
`3,489`
`13,481`
`50,788`
`7,622`
`2,240`
`3,282`
`189`
`66,753`
`13,384`
`6,321`
`1,500`
`408,423`| ``` This page does not form part of the statutory financial statements ``` ``` Page 23 ``` ## **`THE FORUM @ GREENWICH`** ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`** ## **`FOR THE YEAR ENDED 31 MARCH 2025`** |**`Charitable activities`**
`Brought forward`
`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`**|`2025`
`£`
`383,867`
`1,781`
`20,662`
`10,020`
`325`
`416,655`
`638`
`3,400`
`469,374`
`(8,073)`|`2024`
`£`
`408,423`
`1,205`
`20,662`
`13,361`
`433`
`444,084`
`2,255`
`3,500`
`510,443`
`(63,001)`| |---|---|---| ``` This page does not form part of the statutory financial statements ``` ``` Page 24 ```