ARNOS CEMETERY TRUST
Transcript of ARNOS CEMETERY TRUST
Registered number: 06272084Charity number: 1120210
ARNOS VALE CEMETERY TRUST
(A COMPANY LIMITED BY GUARANTEE)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
CP Bishop Fleming
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Reference and administrative details of the Company, its Trustees and advisers
Page
Trustees' report 2- 10
Independent examiner's report 11 - 12
Consolidated statement of financial activities 13
Consolidated balance sheet 14-15
Company balance sheet 16 - 17
Consolidated statement of cash flows 18
Notes to the financial statements 19-37
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERSFOR THE YEAR ENDED 31 MARCH 2020
Trustees Nigel Dyke, Chair
Charles BoothCouncillor Jos Clark
Hildegard Dumper (resigned 1 December 2019)Daniel FlewMatt Kyle
Helen Moss OBE (resigned 1 December 2019)Rupert Mullins TD, TreasurerDavid Napier (resigned 1 December 2019)Lynn Robinson
Lindsay Telling
Company registerednumber 06272084
Charity registerednumber 1120210
Registered office West LodgeBath RoadBristolBS4 3EW
Company secretary Rupert Mullins TD
Chief executive officer Ellie Collier
Accountants Bishop Fleming LLPChartered Accountants10 Temple BackBristolBS1 6FL
Bankers Lloyds Bank Pic248 Wells RoadKnowleBristolBS4 2PY
CAF Bank Ltd25 Kings Hill AvenueKings Hill
West MailingKentME19 4JQ
Page 1
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORTFOR THE YEAR ENDED 31 MARCH 2020
The Trustees, who are also the Directors of the charity, present their report for the year ended 31 March 2020.Due to the Trustees' status as directors under the Companies Act 2006, this report constitutes the directors'report required under the Companies Act 2006, and has been prepared taking advantage of the exemptionsconferred by Part 15 of this Act.
Since the company and the group qualifies as small under section 383, the strategic report required of mediumand large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013is not required.
As noted this report covers the period to 31st March 2020. With the National Lockdown as a result of theongoing coronavirus pandemic only being announced on 23rd March 2020 the full impact of the pandemic on theCharity is only briefly referred to in this Report.
1.0 STRUCTURE, GOVERNANCE AND MANAGEMENT
1.01 CONSTITUTION
Amos Vale Cemetery Trust (AVCT or the Trust) was incorporated as a company limited by guarantee on 7 June2007 and was registered as a charity on 24 July 2007.
The governing documents of the Trust are its Memorandum of Association and its Articles of Association. Thesedocuments have been updated, revised and registered with the Charity Commission and Companies House afterthe year end in October 2020.
The Trustees met quarterly during 2019/20.
1.02 METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
New Trustees are identified and appointed by existing Trustees to meet skills gaps on the Board of Trustees. All
such new trustees retire at the next following general meeting, but are eligible to put themselves forward forelection by the members at that meeting for a term of three years.
As with the original governing document the new Articles of Association sets out that the minimum number ofTrustees as 3, however the maximum number of Trustees is now 15 without an Ordinary Resolution ofMembers. Trustees' terms of office are also governed by the new Articles of Association, which state, inter alia,that each Trustee who has served for three years must be re-elected by Members but that no trustee may beelected for more than three consecutive terms of three years.
No new Trustees resigned and were not re-elected or were appointed in the period to 31 March 2020.
Page 2
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (CONTINUED)FOR THE YEAR ENDED 31 MARCH 2020
2.0 BACKGROUND INFORMATION
2.01 OBJECTS
The objects of the Trust are:
a)
b)
c)
d)
e)
To secure the conservation, maintenance, operation and management of Amos Vale Cemetery and itshistoric buildings, memorials, tombs and other historic physical features for the public benefit and as acemetery for the decent burial of the dead.To secure the conservation and management of the historic landscape, plants and natural life at AmosVale Cemetery for the public benefit.To advance the education of the public about the lives of those remembered at Amos Vale and thehistoric significance of Amos Vale cemetery through the establishment and maintenance of a museumwhich will safeguard and make available for public viewing and inspection its collection of artefacts andother relevant items. This will permit people to explore the collections, archives and research forinspiration, learning and enjoyment.To secure the proper conservation, management and care of the Books of Remembrance, historic burialrecords, cremation records and other archives relating to the Amos Vale Cemetery for the public benefit.To do all such other lawful things as are necessary to the attainment of the above objects or any of them.
2.02 HISTORY OF THE TRUST FROM 2001 TO DATE
An unincorporated Trust was formed in 2001, following the campaign to save the cemetery from redevelopmentfor housing use. The net assets of that original trust were transferred to the Trust on 1 October 2007.
The Cemetery was compulsorily purchased by Bristol City Council (BCC) on 31 October 2002, and wasmanaged by the Trust under a licence to occupy until 30 May 2012, at which date a 125-year lease of the site,with a peppercorn rent, was granted to the Trust by BCC.
Bristol City Council created an endowment fund for the benefit of the cemetery in 2003/4, and added to it in
2004/5 and 2007/8, with three tranches totalling F1,500,000. This fund is held by Quartet CommunityFoundation, and the Trust is permitted to draw on the fund's revenue and capital accounts for the purpose ofmaintaining and developing the cemetery.
A catalyst fund created as an endowment fund by AVCT and the Heritage Lottery Fund in the four-year period toJune 2016 is also held by Quartet Community Foundation and the Trust is permitted to receive and spend itsincome but cannot draw on the capital in the initial 25 years.
At 31 March 2020, the endowment funds have a total value of E1,550,330.01
2.03 ARNOS VALE CEMETERY ENTERPRISES
In July 2010 AVCT set up a wholly owned trading subsidiary, Amos Vale Cemetery Enterprises Ltd (AVCE). Theobjects of AVCE are to develop commercial offerings taking advantage of the cemetery's unique location andhistory, in a manner consistent with both.
All of the subsidiary's net taxable income generated is transferred to the charity annually. Directors of the tradingsubsidiary who are also Trustees of the Charity draw no salary or dividend from either company.
Page 3
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (CONTINUED)FOR THE YEAR ENDED 31 MARCH 2020
2.04 PUBLIC BENEFIT
The Trustees confirm that they have complied with the duty contained in the Charities Act 2011 to have dueregard to the Charity Commission's general guidance on public benefit in exercising their powers or duties. Theyhave referred to this guidance when reviewing the charity's aims and objectives and in planning its futureactivities, and in setting its revised vision.
3.0 STRATEGIC REVIEWS
The Board of Trustees regularly review the Trust's progress in achieving its Objects and from time to timerequest the Chair and the Executive Team to undertake formal documented re-assessments of its achievementsand its plans for the future.
The previous Business Strategy was due to finish in 2020 and the Trustees were delighted to be offered probono support from Lancia Consult. This support commenced in summer 2019 and allowed a Strategic Review tobe undertaken to inform a new Business Plan. The work has proceeded successfully and the new Business Planwas due to be signed off by the Trustees in March 2020. However the Trustees agreed to put this work on holdin March 2020 until the impact of pandemic was known so that the Business Plan could be revised as necessary.This work will recommence in early 2021.
4.0 ACHIEVEMENTS AND PERFORMANCE IN 2019/20
4.01 REVIEW OF ACTIVITIES
Staff and Organisational Structure
In 2019/20 the structure remained broadly unchanged. As a result of the appointment of a new CEO in February2019 a wide ranging review of existing policies and procedures was undertaken and new reporting structures putin place. Combined with regular senior leadership team meetings greater resilience is being created in theorganisation and this remains a priority.
A dedicated core of volunteers regularly supports the staff team with a number of new regular landscape,reception, and public engagement volunteers joining us alongside new roles being created including events andadmin support.
We are indebted to our staff and volunteers for the dedicated service they give to the Trust —without them wecould not deliver on our charitable objects.
Page 4
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (CONTINUED)FOR THE YEAR ENDED 31 MARCH 2020
Cemetery Services
We continue to offer our principal cemetery services, burial, ashes interments and services and wakes in ourbuildings. Our strength is in our core value of compassion, using this to meet with families in advance, to listen,help and deliver a completely personal service to them at their time of need. Feedback is that people do not feelrushed at Amos Vale and they like the fact that they are treated as individuals.
In a transition mirroring wider societal trends, we have seen a huge shift in interest to more ecological and lessimpactful burial practice. There has been a shift to direct cremation with a memorial service at a later date andsignificant increase in interest in our Natural Burial Woodland. We are ensuring that we monitor these trends andcan offer appropriate services.
We were delighted to be awarded Silver in the Natural Burial Woodlands category at the cemetery of the yearaward. We were pleased that the hard work and dedication of our team has been recognised in this way.
During this year we were pleased to work with SANDS: Stillbirth and neonatal death charity, to create a newmemorial for neonatal deaths and stillborn children. The poignant new memorial was unveiled on the 13th April2019. We continued this important relationship by lighting up our buildings in support of Baby Loss AwarenessWeek during October 2019.
Public Engagement and Learning
We continue to be a site that the public love visiting; to learn about history or nature, for exercise or to improvetheir wellbeing. We pride ourselves on being a green oasis in the heart of Bristol. We welcomed over 700 schoolchildren thought out the year, who learnt about history, nature and science using the site as an outdoorclassroom. Over 3000 people attended our volunteer led tours or talks learning about the site, its heritage andnature. We were pleased to add a new LGBTQ+ tour to our range and were support by the National LotteryHeritage Fund in this work.
We worked with Bristol Archives on a new exhibition about Amos Vale Cemetery. Bristol Archives hold theCemetery's Archives, so it was important to build this relationship.
A number of successful public events took place throughout the year including Raja Day, Christmas MemorialService and Armistice Day ceremony attended by school children, service personnel, members of the public andthe Friends and staff of Amos Vale.
We were Highly Commended in the Leisure and Tourism category in the Bristol Life Awards.
Amos Vale Cemetery Enterprises - Community Business
Commercial activity is essential to helping to protect, enhance and share this special place. We areentrepreneurial, ensuring we are fit for the future. The enterprise activity has continued to grow and ourreputation as a venue for weddings, music and theatre is now established. We provide a calm space for yoga,fitness classes and mindfulness workshops.
Weddings continued to be an important source of income for the site, supported by corporate room hire andpublic bookings. Our cinema events remain an important cultural offering with over 1000 people visitingspecifically to watch films. In addition we supported the local creative economy by hosting five fairs and markets,supporting over 150 local creatives and makers giving them an essential platform for sales and new clients.
Our partnership with Red Rope Theatre continues to grow as they returned, they year with Jekyll and Hyde. Thiswas met with excellent reviews and near sell out performances. Our communities really value our changing andadaptable cultural offering.
Page 5
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (CONTINUED)FOR THE YEAR ENDED 31 MARCH 2020
Raising our Profile
We were thrilled to be featured on Radio 4's 'Open Country' - Dan Flew, Liam Matthews, Alan Banbury andJanine Marriott all featured talking about the wide raging facets of the cemetery. In addition, Amos Vale wasbriefly featured on ITV West marking the 11am silence on Armistice Day 2019.
As part of the Power to Change funding, Amos Vale staff and volunteers were involved in an exhibition aboutcommunity business in Bristol. BBC Bristol also chose our May Fair to report from.
The BBC used our setting as a location in two dramas this year; Agatha Christie's The Pale Horse and in TheTrial of Christine Keeler series.
Fundraising
We were successful in a bid to the National Lottery Heritage Fund for F60,000. This will specifically look to buildon our resilience as an organisation. We will be investing in:~ Our people —training and support for staff volunteers and trustees
Our processes —developing systems to better understand our visitors and supporters. This will then allowus to develop appropriate new products including tours and fundraising initiatives~ Our systems- some outdated technology will be replaced providing great efficiencies and ways of working.
We were also successful in a bid to the People's Postcode Lottery for F16,000, this funding will allow us to doimportant work to repair and improve the paths improving access for all.
Additionally, we were successful in our application to the Marks and Spencer Community Business Awards. Thisaward will provide a L6,000 investment into our shop together with expert advice from Marks and Spencer,allowing us to improve trading expertise and resilience in challenging times.
Friends of Amos Vale
We are grateful to the Friends group for funding several items during this period, including painting the cloistersceilings, purchasing a new electric strimmer and contributing half the cost of our new site truck. We areappreciative of their continued support of all our work at Amos Vale.
Landscape 8 Buildings
This year saw significant investment in our buildings. The Anglican roof had a major leak with a large amount ofwater coming into the chapel. Significant damage was done at high level to the cornice and painted walls in thesouth-eastern corner. The Chapel was redecorated however, there appears to be a fundamental design fault in
the roof. Listed Building Consent has been applied for to rectify this problem. Further investment was made in
the Spielman Centre, including redecoration of the toilets, installing mechanical ventilation in two damp plantrooms and creating new storage. The cafe also received upgrades with the addition of a new service doorinstalled behind the serving counter, an outdoor canopy and automatic window blinds in the Spielman Centre hallall funded by generous support of Power to Change. During this period the cafe also underwent redecoration.
LandscapeThe Estates Team, supported by dedicated volunteers had a busy year ensuring the site was safe, habitats andheritage were looked after and delivering on the ambitions of the Landscape Management Plan. Sapling removalwork, vegetation clearance, planned long grass cutting at the top of the cemetery, on Ceremonial Way and in theother important species-rich areas, ensure that the site is managed effectively for people, nature and animals.
The Community Garden was completed and opened in June by the Lord Mayor of Bristol Councillor Jos Clark.Each bed in the garden will be managed and cared for by a different community group. This is a resource whichhas been hugely appreciated by our local community.
Page 6
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (CONTINUED)FOR THE YEAR ENDED 31 MARCH 2020
Three young people with learning support needs were supported by our team as part of their special trainingqualification. They completed one term of work experience each and have since stayed on as volunteers whilethey look for full-time work.
Ash dieback
Ash dieback was first identified on site several years ago and throughout this period we have been monitoring it.Concern by the Estates Team was raised during 19/20 that the disease was progressing at a faster rate thananticipated. We commenced extensive clear-felling of ash trees in upper cemetery in January and sawsignificant evidence of the fungal decay in many of the trees removed. It is anticipated that Ash dieback will
continue to have significant impact on site over the next five years.
VolunteersWe recognise the hard work contributed by staff and volunteers who are essential in keeping the site going.Active volunteers gave over 6100,000 worth of support to the organisation during 2019-2020. Volunteer activitiesinclude research, visitor welcome, retail, support for events, guiding visitors around the site, and indispensablegrounds maintenance. The contribution is recognised by all who visit the site and many visitors often expressthanks to our volunteers.
Covid-19The effects of Covid-19 were beginning to be felt at the end of the year in March, with a national lockdownaffecting all activity on site.
Page 7
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (CONTINUED)FOR THE YEAR ENDED 31 MARCH 2020
5.0 FINANCIAL REVIEW
The consolidated statement of financial activities (SOFA) shows that the group had total incoming resources(excluding endowment fund) for the year of 6617,864 and total resources expended in the year of F510,210(excluding endowment fund) giving rise to a surplus for the year of 2107,654. There was an unrestricted surplusfor the year of f54,688 with a surplus for the year on restricted funds of 252,966.
The Balance Sheet shows the Trust having net assets of 6277,716 at 31 March 2020, with F186,618 of fundsbeing held in unrestricted funds and f91,098 of funds being held in restricted funds (see note 16 to theaccounts).
The Trust is solvent at 31 March 2020 and able to pay its debts as they fall due and budgets and financial plansthat had been prepared for 2020/21 and have been reviewed in light of the ongoing pandemic. It is projected tobe solvent at 31st March 2021. Plans for the two subsequent years to map out the Trust's continued path tofinancial viability shown in the business plan will be reviewed in early 2021.
5.01 RESERVES POLICY
The Trust's reserves policy is to hold approximately three months unrestricted expenditure in its reserves. At 31March 2020 the liquid unrestricted funds were 8186,618, equivalent to just over three months' expenditure. TheTrust also has access to the Endowment Fund, originally donated by Bristol City Council and now held byQuartet Community Foundation, whose capital can be drawn on to meet unexpected costs. This fund totalledE1,550,330 as at 31 March 2020.
5.02 REMUNERATION OF KEY MANAGEMENT PERSONNEL
The Trust's policy on remuneration of Key Management Personnel aims to ensure that such remuneration is in
line with that for broadly similar charitable bodies in the Bristol area. Remuneration levels for all employees arereviewed annually by the Chair, in conjunction with the Chief Executive, and are formally approved by the Boardof Trustees at a regular Trustee meeting.
Page 8
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (CONTINUED)FOR THE YEAR ENDED 31 MARCH 2020
6.0 PRINCIPAL RISKS AND UNCERTAINTIES
All Trustees have been issued with a copy of the Charity Commission booklet "The Essential Trustee", whichprovides them with guidance on the assessment and management of risks, and advises them of theirresponsibility to identify and monitor them. The Trustees has considered that the identified its principal risks anduncertainties, these are regularly reviewed and there are procedures in place to prevent or ameliorate them:
Risk or uncertainty
Financial revenue failing to cover running costs
Action to prevent, reduce or ameliorate
Continually review financial forecasts and projections, with aview to reducing costs if necessary.Holding sufficient reserves to effect an orderly rundown ofits activities, if necessary.
Health 8 Safety incident involving accidentand/or injury to staff, trustees or visitors
Health 8 Safety policy in placeNominated H8S Director on boardNominated senior employee responsible for H8 S policyimplementationRobust Health 8 Safety practices.Risk Assessments carried out as requiredRelevant staff trained appropriately.Appropriate Public and Employer Liability Insurance in place
Employee or trustee fraud Standing Financial Instructions in place to control andmonitor expenditureD&O fidelity insurance policy in place
Reputational Risk in respect ofnon-traditional activities being carried out in
a cemetery setting
Staff are aware of issue and are instructed to consultTrustee board regarding any potential objections orcriticism
Inability to attract new trustees to replacethose retiring at end of permitted terms of office
Chair charged with continually identifying potentialnew Trustees
Impact of Ash Dieback on Cemetery. Ash is adominant tree species on the site and thisaccelerating disease will impact on finance,operations and ecology of site
CEO and staff have developed a management planapproved by the Trustees to manage this ongoing risk.Funding and training has been obtained. A communications
plan is also being developed.
Impact on emerging Pandemic on Charity and The Board of Trustees and CEO are continually reviewingstaff and assessing the situation and identifying possible
financial support.
The Trust regularly reviews these risks and uncertainties to ensure that they remain relevant and haveappropriate procedures in place to minimise and control them. A number of working sessions were held in March2020 to review and make decisions regarding various scenarios resulting from the emerging pandemic to ensurethe viability of the Charity and its objects. These have continued throughout 2020 and will continue for theforeseeable future.
7.0 GOING CONCERN
The accounts for the period 2019/20 indicated that the charity was in a healthy financial position in March 2020and the trustees had a reasonable expectation that the charity has adequate resources to continue in operationalexistence for the foreseeable future.
In the light of the global COVID-19 pandemic and its impact on the global economy, Trustees have consideredthe question of the charity's ability to continue as a going concern. A variety of financial scenarios provided by themanagement team have been analysed and discussed, in detail by the Trustees. The agreed scenario
Page 9
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT (CONTINUED)FOR THE YEAR ENDED 31 MARCH 2020
demonstrated that the Trust maintains a positive position throughout the next 12 months. This was achievedthrough extensive use of the CJRS and JSS schemes and significant reductions to the cost base. No
redundancies were necessary, The situation has been strengthened by some successful funding applicationsincluding two significant grants of emergency support from the Heritage Lottery Fund.
The financial situation is reviewed monthly to remain alive to changes as they occur and to enable prompt andswift decision making as necessary, Having considered all the elements previously mentioned, Trustees arestrongly confident in the charity's ability to continue as a going concern for the next 12 months at least.
In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by
sectio 415A of the Companies Act 2006.
This r port was pproved by the Truste and signed on their behalf by:
Ni ykeTrust e
Rupert Mullins TDTrustee
ZctcQpK( 2DX1-ij
Page 10
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORTFOR THE YEAR ENDED 31 MARCH 2020
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ARNOS VALE CEMETERY TRUST('the Group' )
I report to the charity Trustees on my examination of the consolidated accounts of the Group comprising theAmos Vale Cemetery Trust ('the parent Company') and its subsidiary undertakings for the year ended 31 March2020.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the parent Company (and its directors for the purposes of company law) you are responsiblefor the preparation of the consolidated accounts of the Group in accordance with the requirements of theCompanies Act 2006 ('the 2006 Act') and you have chosen to prepare consolidated accounts for the Group. Youare satisfied that the accounts of both parent Company and the Group are not required by either company orcharity law to be audited and have chosen instead to have an independent examination.
Having satisfied myself that the consolidated accounts are not required to be audited under Part 16 of the 2006Act and are eligible for independent examination, I report in respect of my examination of the Group's accountscarried out under section 152 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I havefollowed the Directions given by the Charity Commission under section 152(5)(b) of the 2011 Act.
An independent examination does not involve gathering all the evidence that would be required in an audit andconsequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. Theplanning and conduct of an audit goes beyond the limited assurance that an independent examination canprovide. Consequently I express no option as to whether the consolidated accounts present a 'true and fair' viewand my report is limited to those specific matters set out in the independent examiner's statement.
INDEPENDENT EXAMINER'S STATEMENT
Since the Trustees have opted to prepare consolidated accounts for the Group your examiner must be amember of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examinationbecause I am a member of the Institute of Chartered Accountants in England and Wales, which is one of thelisted bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with theexamination giving me cause to believe:
2.3.
accounting records were not kept in respect of the parent Company and its subsidiaries as required bysection 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other thanany requirement that the accounts give a 'true and fair' view which is not a matter considered as part ofan independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement ofRecommended Practice for accounting and reporting by charities [applicable to charities preparing theiraccounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ofIreland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to whichattention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Page 11
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ARNOS YALE CEMETERY TRUST(CONTINUED)FOR THE YEAR ENDED 31 MARCH 2020
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company'sTrustees those matters I am required to state to them in an independent examiner's report and for no otherpurpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than theparent Company and the Company's Trustees as a body, for my work or for this report.
Signed:
Joseph Scaife ChA
BISHOP FLEMING LLPChartered Accountants10 Temple BackBristolBS1 6FL
Dated: PtD [ 2 (
Page 12
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME ANDEXPENDITURE ACCOUNT)FOR THE YEAR ENDED 31 MARCH 2020
INCOME FROM:
Donations and legacies
Charitable activities
Other trading activities
Note
Unrestrictedfunds
2020K
171,872
126,567
210,003
Restrictedfunds
2020E
109,422
Totalfunds
2020E
281,294
126,567
210,003
Totalfunds2019
E
189,316130,219192,789
TOTAL INCOME
EXPENDITURE ON:
Raising funds:
Voluntary income
Fundraising trading
Investment management
Charitable activities
508,442
9,040
154,138
8,561
307,479
109,422
30,992
617,864
9„040
154,1388,561
338,471
512,324
21,495
152,998
8,518319,283
TOTAL EXPENDITURE 479,218 30,992 510,210 502,294
NET INCOME
Transfers between funds
29,224
25,464
78,430
(25,464)
107,654 10,030
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
Net movement in funds
54,688
131,930
54,688
52,966
38,132
52,966
107,654
170,062
107,654
10,030
160,032
10,030
TOTAL FUNDS CARRIED FORWARD 186,618 91,098 277,716 170,062
Page 13
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)REGISTERED NUMBER:06272084
CONSOLIDATED BALANCE SHEETAS AT 31 MARCH 2020
FIXED ASSETS
Tangible assets
Note
13
2020E
104,841
2019E
63,704
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
1516
2,402
16,475
242,963
104,841
3,524
15,931
169,919
63,704
Creditors: amounts falling due within oneyear 17
261,840
(71,444)
189,374
(75,216)
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENTLIABILITIES
Creditors: amounts falling due after morethan one year
TOTAL NET ASSETS
18
190,396
295,237
(17,521)
277,716
114,158
177,862
(7,800)
170,062
CHARITY FUNDS
Restricted funds
Unrestricted funds
1919
91,098
186,61838,132
131,930
TOTAL FUNDS 277,716 170,062
Page 14
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)REGISTERED NUMBER:06272084
CONSOLIDATED BALANCE SHEET (CONTINUEDjAS AT 31 MARCH 2020
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject tothe small companies regime.
The financ I statem s were approved and authorised for issue by the Trustees and signed on their behalf by:
Nigel Dy(Chair ofDate: X3.)gal
Rupert Mullins TD(Trustee)
The not on pages 19 to 37 form part of these financial statements.
Page 15
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)REGISTERED NUMBER:06272084
COMPANY BALANCE SHEETFOR THE YEAR ENDED 31 MARCH 2020
FIXED ASSETS
Tangible assets
Investments
Note
1314
2020E
99,3781
2019
52,255
1
CURRENT ASSETS
Debtors
Cash at bank and in hand
16 65,935131,942
99,379
37,41787,612
52,256
Creditors: amounts falling due within oneyear 17
197,877
(23,382)
125,029
(17,051)
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENTLIABILITIES
174,495
273,874
107,978
160,234
TOTAL NET ASSETS 273,874 160,234
CHARITY FUNDS
Restricted funds
Unrestricted funds
1919
93,959179,915
38,132
122,102
TOTAL FUNDS 273,874 160,234
Page 16
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)REGISTERED NUMBER:06272084
COMPANY BALANCE SHEET (CONTINUED)AS AT 31 MARCH 2020
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect toaccounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The financia statements re approved and authorised for is he Trustees and signed on their behalf by:
Nigel Dy
Date:
Rupert Mullins TD(Trustee)
The notes on pages 1S to 37 form part of these financial statements.
Page 17
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
CONSOLIDATED STATEMENT OF CASH FLOWSFOR THE YEAR ENDED 31 MARCH 2020
2020 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash used in operating activities 154,408 66,327
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of tangible fixed assets
NET CASH USED IN INVESTING ACTIVITIES
(81,366) (1,122)
(81,366) (1,122)
CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR
Cash and cash equivalents at the beginning of the year
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR
73,042 65,205
169,920 104,715
242,962 169,920
The notes on pages 19 to 37 form part of these financial statements
Page 18
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2020
1. GENERAL INFORMATION
Amos Vale Cemetery Trust is a charity registered in England and Wales. The registered office is WestLodge, Bath Road, Bristol, BS4 3EW.
ACCOUNTING POLICIES
2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)-Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitiespreparing their accounts in accordance with the Financial Reporting Standard applicable in the UKand Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standardapplicable in the UK and Republic of ireland (FRS 102) and the Companies Act 2006.
Amos Vale Cemetery Trust meets the definition of a public benefit entity under FRS 102. Assets andliabilities are initially recognised at historical cost or transaction value unless otherwise stated in therelevant accounting policy.
The consolidated statement of financial activities (SOFA) and consolidated balance sheet consolidatethe financial statements of the Group and its subsidiary undertaking. The results of the subsidiary areconsolidated on a line by line basis.
The Group has taken advantage of the exemption allowed under section 408 of the Companies Act2006 and has not presented its own statement of financial activities in these financial statements.
2.2 GOING CONCERN
At the balance sheet date, the charity had net current assets of 2190,396 and the trustees are notaware of any indication that sufficient funds will not be available to meet all ongoing activities. TheTrustees have also carefully considered the recent events concerning COVID-19 and believe that thegoing concern basis is still appropriate for these financial statements.
Page 19
ARNOS VALE CENIETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2020
2. ACCOUNTING POLICIES (continued)
2.3 INCOME
All income is recognised once the Group has entitlement to the income, it is probable that the incomewill be received and the amount of income receivable can be measured reliably.
Grants are included in the consolidated statement of financial activities on a receivable basis. Thebalance of income received for specific purposes but not expended during the period is shown in therelevant funds on the balance sheet. Where income is received in advance of entitlement of receipt,its recognition is deferred and included in creditors as deferred income. Where entitlement occursbefore income is received, the income is accrued.
Donated services or facilities are recognised when the charity has control over the item, anyconditions associated with the donated item have been met, the receipt of economic benefit from theuse of the charity of the item is probable and that economic benefit can be measured reliably. In
accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is notrecognised; refer to the Trustees' Report for more information about their contribution.
On receipt, donated professional services and facilities are recognised on the basis of the value ofthe gift to the Group which is the amount it would have been willing to pay to obtain services orfacilities of equivalent economic benefit on the open market; a corresponding amount is thenrecognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant isrecognised at the time of the donation.
Other income is recognised in the period in which it is receivable and to the extent the goods havebeen provided or on completion of the service.
2.4 EXPENDITURE
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefitto a third party, it is probable that a transfer of economic benefits will be required in settlement andthe amount of the obligation can be measured reliably. Expenditure is classified by activity. The costsof each activity are made up of the total of direct costs and shared costs, including support costsinvolved in undertaking each activity. Direct costs attributable to a single activity are allocated directlyto that activity. Shared costs which contribute to more than one activity and support costs which arenot attributable to a single activity are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciationcharges allocated on the portion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for itscharitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further theGroup's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 20
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2020
2. ACCOUNTING POLICIES (continued)
2.5 TANGIBLE FIXED ASSETS AND DEPRECIATION
Tangible fixed assets costing F1,000 or more are capitalised and recognised when future economicbenefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets should be initially recognised at cost. After recognition, under the cost model,tangible fixed assets should be measured at cost less accumulated depreciation and anyaccumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intendedworking condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual valueover their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
Property improvementsMotor vehiclesFixtures and fittings
- 10/o straight line- 25/o straight line- 20'/o or 25'/o straight line
2.6 INVESTMENTS
Investments in subsidiaries are valued at cost less provision for impairment.
2.7 STOCKS
Stocks are valued at the lower of cost and net realisable value after making due allowance forobsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixedand variable overheads.
2.8 DEBTORS
Trade and other debtors are recognised at the settlement amount after any trade discount offered.Prepayments are valued at the amount prepaid net of any trade discounts due.
2.9 CASH AT BANK AND IN HAND
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturityof three months or less from the date of acquisition or opening of the deposit or similar account.
2.10 LIABILITIES AND PROVISIONS
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a pastevent, it is probable that a transfer of economic benefit will be required in settlement, and the amountof the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt orthe amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Wherethe effect of the time value of money is material, the provision is based on the present value of thoseamounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. Theunwinding of the discount is recognised in the consolidated statement of financial activities as afinance cost.
Page 21
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2020
ACCOUNTING POLICIES (continued)
2.11 FINANCIAL INSTRUMENTS
The Group only has financial assets and financial liabilities of a kind that qualify as basic financialinstruments. Basic financial instruments are initially recognised at transaction value and subsequentlymeasured at their settlement value with the exception of bank loans which are subsequentlymeasured at amortised cost using the effective interest method.
2.12 OPERATING LEASES
Rentals paid under operating leases are charged to the consolidated statement of financial activitieson a straight line basis over the lease term.
2.13 PENSIONS
The Group operates a defined contribution pension scheme and the pension charge represents theamounts payable by the Group to the fund in respect of the year.
2.14 FUND ACCOUNTING
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Group and which have not been designated for otherpurposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particularpurposes. The aim and use of each designated fund is set out in the notes to the financialstatements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed bydonors or which have been raised by the Group for particular purposes. The costs of raising andadministering such funds are charged against the specific fund. The aim and use of each restrictedfund is set out in the notes to the financial statements.
Page 22
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2020
3. INCOME FROM DONATIONS AND LEGACIES
Donations
Grants
Unrestrictedfunds2020
F
154,107
17,765
Restrictedfunds2020
150
109,272
Totalfunds
2020F
154,257
127,037
Totalfunds2019
F
153,188
36,128
TOTAL 2020 171,872 109,422 281,294 189,316
TOTAL 2019 186,098 3,218 189,316
The grants of F17,765 shown in unrestricted funds are designated.
4. INCOME FROM CHARITABLE ACTIVITIES
Unrestrictedfunds
2020F
Totalfunds
2020
Totalfunds2019
E
Cemetery services
Public engagement and learning
Other
103,553
21,069
1,945
103,553
21,069
1,945
108,190
20,656
1,373
TOTAL 2020 126,567 126,567 130,219
5. INCOME FROM OTHER TRADING ACTIVITIES
Income from non charitable trading activities
Unrestrictedfunds
2020F
Totalfunds
2020F.
Totalfunds2019
Trading activities of subsidiary 210,003 210,003 192,789
Page 23
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2020
6. EXPENDITURE ON RAISING FUNDS
COSTS OF RAISING VOLUNTARY INCOME
Unrestricted Restrictedfunds funds2020 2020
E
Totalfunds
2020E
Totalfunds2019
E
Fundraising costs
Wages and salaries
8,098942
8,098942
15,099
6,396
TOTAL 2020 9,040 9,040 21,495
TOTAL 2019 19,291 2,204 21,495
OTHER TRADING EXPENSES
Unrestrictedfunds
2020F
Totalfunds
2020E
Totalfunds2019
Trading expenses
Trading account staff costs
Trading account depreciation
46,680
101,472
5,986
46,680
101,472
5,986
60,012
87,000
5,986
TOTAL 2020 154,138 154,138 152,998
TOTAL 2019 152,998 152,998
7. INVESTMENT MANAGEMENT COSTS
Unrestrictedfunds2020
F
Totalfunds2020
E
Totalfunds2019
E
Investment management fees 8,561 8,561 8,518
Page 24
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATENIENTSFOR THE YEAR ENDED 31 MARCH 2020
8. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Summary by fund type
Unrestricted Restrictedfunds funds2020 2020
Totalfunds2020
Totalfunds2019
E
Cemetery services
Estate management
Public engagement and learning
Other
99,015154,005
32,323
22, 136
30,99299,015
184,99732,323
22,136
91,806
178,821
20,282
28,374
TOTAL 2020 307,479 30,992 338,471 319,283
TOTAL 2019 309,360 9,923 319,283
9. ANALYSIS OF EXPENDITURE BY ACTIVITIES
Activitiesundertaken
directly2020
E
Supportcosts2020
E
Totalfunds
2020E
Totalfunds2019
Cemetery services
Estate management
Public engagement and learning
Other
99,015174,092
27,487
2, 177
10,905
4,836
19,959
99,015184„99732 323
22,136
91,806
178,821
20,282
28,374
TOTAL 2020 302,771 35,700 338,471 319,283
TOTAL 2019 261,210 58,073 319,283
10. INDEPENDENT EXAMINER'S REMUNERATION
The independent examiner's remuneration amounts to an independent examiner fee of E1,100 (2019- E1, 100), and other services of E4,705 (2019-E3,078).
Page 25
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2020
11. STAFF COSTS
Wages and salaries
Social security costs
Contribution to defined contribution pensionschemes
Group2020
F
254,491
18,029
5,253
Group2019
F
236,536
16,340
3,177
Company2020
F
153,01918,029
5,253
Company2019
F
149,536
16,340
3,177
277,773 256,053 176,301 169,053
The average number of persons employed by the Company during the year was as follows:
Group2020
No.
18
Group2019
No.
16
The average headcount expressed as full-time equivalents was:
Employees
Group2020
No.
Group2019
No.
10
No employee received remuneration amounting to more than F60,000 in either year.
The total employee benefits of key management personnel were F50,019 (2019 - F54,716).
12. TRUSTEES' REMUNERATION AND EXPENSES
During the year, no Trustees received any remuneration or other benefits (2019 - FNIL).
During the year ended 31 March 2020, no Trustee expenses have been incurred (2019- FNIL).
Page 26
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2020
13. TANGIBLE FIXED ASSETS
GROUP
Long-termleasehold
propertyimprovements
F
Motor Fixtures andvehicles fittings
ETotal
E
COST
At 1 April 2019Additions
49,308
58,096 7,750132,097
15,520181,405
81,366
At 31 March 2020 107,404 7,750 147,617 262,771
DEPRECIATION
At 1 April 2019Charge for the year
15,635
17,333 1,938102,066
20,959117,701
40,230
At 31 March 2020 32,968 1,938 123,025 157,931
NET BOOK VALUE
At 31 March 2020 74,436 5,812 24,592 104,840
At 31 March 2019 33,673 30,031 63,704
Page 27
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2020
13. TANGIBLE FIXED ASSETS (CONTINUED)
COMPANY
Long-termleasehold
propertyimprovemen
tsMotor Fixtures and
vehicles fittingsE E
TotalE
COST
At 1 April 2019Additions
49,308
58,096 7,750100,457
15,520149,765
81,366
At 31 March 2020 107,404 7,750 115,977 231,131
DEPRECIATION
At 1 April 2019Charge for the year
15,63517 333 1,938
81,875
14,97397,51034,244
At 31 March 2020 32,968 1,938 96,848 131,754
NET BOOK VALUE
At 31 March 2020 74,436 5,812 19,129 99,377
At 31 March 2019 33,673 18,582 52,255
In 2011 Bristol City Council granted Amos Vale Cemetery Trust a 125 year lease for the cemetery. AmosVale Cemetery Trust do not recognise the lease as an asset in the financial statements as the Trusteeshave assessed that the lease does not have an intrinsic value due to the restrictions of use of the site andthe cost of upkeep of the cemetery.
Page 28
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2020
14. FIXED ASSET INVESTMENTS
Company
COST OR VALUATION
At 1 April 2019
Investmentsin
subsidiarycompanies
AT 31 MARCH 2020
NET BOOK VALUE
AT 31 MARCH 2020
AT 31 MARCH 2019
PRINCIPAL SUBSIDIARIES
The following was a subsidiary undertaking of the Company:
Name Companynumber
Registered office or principalplace of business
Principal activity
Amos Vale Cemetery Enterprises 07314116Limited
West Lodge, Amos ValeCemetery, Bath Road, Bristol,BS4 3EW
Events managementtogether with
operating a shopand cafe andprovision of facilitieshire
Class of Holdingshares
Included inconsolidation
Ordinary 100'/o Yes
Page 29
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2020
14. FIXED ASSET INVESTMENTS (CONTINUED)
The financial results of the subsidiary for the year were:
Name
Amos Vale Cemetery EnterprisesLimited
IncomeF
210,003
ExpenditureF
154,138
Surplus/(Deficit) for
the yearF
55,865
Net assetsF
3,842
15. STOCKS
Finished goods and goods for resale
Group2020
F
2,402
Group2019
3,524
16. DEBTORS
Group2020
Group Company Company2019 2020 2019
F F
DUE WITHIN ONE YEAR
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
7,474
69
8,932
7,491
8,440
2,570
54,433
8,932
1,528
27,449
8,440
16,475 15,931 65,935 37,417
Page 30
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2020
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Group2020
12,19710,698
1
48,548
Group2019
E
7,583
9,187
58,446
Company2020
10,611
10,470
1
2,300
Company2019
E
5,582
8,949
2,520
71,444 75,216 23,382 17,051
Deferred income at 1 April 2019Resources deferred during the year
Amounts released from previous periods
Group2020
F
37,982
62,594
(37,982)
Group2019
37,184
37,982
(37,184)
Company2020
E
220
(220)
Company2019
220
62,594 37,982 220
The table above includes both long term and short term deferred income.
18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Accruals and deferred income
Group2020
E
17,521
Group2019
E
7,800
Page 31
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2020
19. STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
Balance at 1
April 2019 Income ExpenditureE F E
Balance atTransfers 31 March
in/out 2020f E
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Shop Improvement Grant 17,765 17,765
GENERAL FUNDS
General Fund
Friends of Amos ValeCemetery Trust
Unallocated amounts
106,130
25,800 4,613 (7,449)
8,627 (8,627)
22,964
486,064 (480,396) 34,091 145,889
TOTAL UNRESTRICTEDFUNDS
131,930 490,677 (479,218) 25,464 168,853
131,930 508,442 (479,218) 25,464 186,618
RESTRICTED FUNDS
The Raja Fund
UWE - React Partner
Ernest Cook Trust
Rural Payment Agency
Community Garden
Power to Change
CIL
NLHF - Resiliance
Post Code Lottery
Power to Change - M&S
CIL Third Party Projects
29,055
6,000
1,792
835450 1,150
56,126
29,850
16,896
5,400
(8)
(6,000)
(1,792)
(835)
(1,161)(13,589)
(1,400)
2,208
(8,415)
(439)
(42,537)
3,894
(7,116)
20,734
29,047
2,494
24,942
16,896
5,400
12,319
38,132 109,422 (30,992) (25,464) 91,098
TOTAL OF FUNDS 170,062 617,864 (510,210) 277,716
Page 32
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2020
UNRESTRICTED FUNDS
Balance at1 April 2018
19. STATEMENT OF FUNDS (CONTINUED)
STATEMENT OF FUNDS - PRIOR YEAR
Income ExpenditureE E
Balance atTransfers 31 March
in/out 2019E E
General Fund 94,653 502,358 (488,814) (2,067) 106,130Friends of Amos Vale
Cemetery Trust 21,751 6,748 (1,353) (1,346) 25,800
116,404 509,106 (490,167) (3,413) 131,930
RESTRICTED FUNDS
The Raja Fund
UWE - React Partner
Ernest Cook Trust
Life Death 8 Rest LDR
Woodland Steps
Rural Payment Agency
Community Garden
Public Engagement Salary
29,399
6,000
1,792
1,270
3,808417
3,000
(2,058)
810
1,490
418500
(1,154)
(5,719)(2,204)
(3,050)
2,959
(1,604)
2,058
29,055
6,000
1,792
835450
43,628 3,218 (12,127) 3,413 38,132
TOTAL OF FUNDS 160,032 512,324 (502,294) 170,062
Page 33
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2020
STATEMENT OF FUNDS (CONTINUED)
Restricted Funds:
The Raja FundThis fund is for the following agreed purposes connected with the Raja Rammohan Roy:- Repairs and/or maintenance work on the tomb of chattri of the Raja;- Education and commemoration projects and events connected with the Raja; and- Establishing, developing or providing exhibition space or exhibits for a permanent exhibition or memorialto the Raja at Amos Vale.
UWE - React PartnerFuture cemetery project working in collaboration with Calling the Shots and The University of Bath to puton public events investigating future memorialisation and sustainability within cemeteries.
Ernest Cook TrustThis fund is to be used for developing a range of literacy and numeracy resources and opportunities.
NLHF - ResilienceA grant from the National Lottery Heritage Fund for the following purposes:- Recruit and employ part and full time staff, and appointment of consultants- Staff training 8, hosting training days for other organisations- Installation of foot counters, new tills and computers- Purchase of survey subscriptions
Rural Payment AgencyA grant from the Forestry Commission to support the forestry work at Amos Vale.
Community GardenSupported by the Tesco Bags for Life scheme to transform an area of wasteland. The project will create acommunity led garden which will be maintained by local groups featuring steps, a tree nursery, a kids trailand planters.
Public Engagement SalaryThis is the funding for one day a month of the public engagement manager role the charity is tasked withfunding each year.
Power to ChangeThis is a grant to improve commercial activity on site including cafe and signage improvements. All of themoney was spent this year and the use of the restricted fund has been fully satisfied.
Postcode LotteryThis is an Access Grant for the improvement of a footpath at Amos Vale.
CIL and CIL Third Party ProjectsThese are funding support for the Brislington Green Trail to allow working with community groups forenvironmental improvements along the trail.
Power to Change M8SThis fund is to be used for improving visual merchandising and customer service in the cemetery shop.
2019 only:
Life Death 8 Rest LDRThis Arts Council supported project giving the community the opportunity to explore issues around deathand dying.
Woodland Steps
Page 34
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2020
This project was supported through the Co-op local community fund which is funded through themembership scheme. The steps go through the gap in the original cemetery wall allowing local's to walksafely through from Totterdown to bottom of the site as part of the new woodland walk.
20. ENDOWMENT FUNDS MANAGED BY QUARTET COMMUNITY FOUNDATION (QCF)
Quartet Community Foundation manages two separate Endowment Funds which have been created andfunded for the benefit of Amos Vale Cemetery.
The first of these is a Trust Fund created from grants by Bristol City Council (BCC) to Quartet CommunityFoundation (then the Greater Bristol Fund) for the purpose of "the maintenance, repair and managementof ... Amos Vale Cemetery. ..". Under the terms of the grant, QCF is permitted to pay over the income andany capital from the fund that it shall have determined to the "Cemetery Trustees" or any other person"responsible for ... the Cemetery". AVCT has been in receipt of the income from this fund annually and ofcapital drawdowns as and when requested of QCF by AVCT. A summary of the movements on this fundsince its inception is shown in the table below.
The second fund is the Catalyst Fund created from monies raised by AVCT itself in the four-year period toJune 2016, which were match funded by the Heritage Lottery Fund. The terms of this fund permit AVCTto receive and spend its income, but the capital cannot be drawn on in the initial 25 years of the fund'sexistence. A similar summary of this fund is also shown below.
Values in E'000s BCC Endowment Cata st Endowment
Ca ital Added
Fund income and investment ainsQuartet Mana ement FeesIncome aid toAVCTb QCFCa ital drawn b AVCT from QCT
Fund balance at 31 March 2020
Cumulative
1,5001,100
138714818
930
Year ended31/03/2020
39
59
930
Cumulative
59416120
115
620
Year ended
31/03/2020
30
27
620
Page 35
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2020
21. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT PERIOD
Unrestrictedfunds
2020
Restrictedfunds
2020E
Totalfunds
2020E
Tangible fixed assetsCurrent assetsCreditors due within one year
Creditors due in more than one year
104,841
170,742
(71,444)
(17,521)
91,098104,841
261,840
(71,444)
(17,521)
TOTAL 186,618 91,098 277,716
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR PERIOD
Tangible fixed assetsCurrent assets
Creditors due within one year
Creditors due in more than one year
Unrestrictedfunds2019
63,704
151,242
(75,216)
(7,800)
Restrictedfunds2019
E
38,132
Totalfunds2019
63,704
189,374
(75,216)
(7,800)
TOTAL 131,930 38,132 170,062
22.RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING
ACTIVITIES
Group2020
f.
Group2019
E
Net income for the period (as per Statement of Financial Activities) 107,654 10,030
ADJUSTMENTS FOR:
Depreciation charges
Decrease in stocks
Decrease/(increase) in debtors
Increase in creditors
40,229
1,122
(544)
5,947
23,542
307
17,740
14,708
NET CASH PROVIDED BY OPERATING ACTIVITIES 154,408 66,327
Page 36
ARNOS VALE CEMETERY TRUST(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2020
23. ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand
Group2020
E
242,962
Group2019
E
169,920
TOTAL CASH AND CASH EQUIVALENTS 242,962 169,920
24. ANALYSIS OF CHANGES IN NET DEBT
Cash at bank and in hand
At 1 April At 31 March2019 Cash flows 2020
E E
169,919 73,043
169,919 73,043 242,962
25. OPERATING LEASE COMMITMENTS
At 31 March 2020 the Group and the Company had commitments to make future minimum leasepayments under non-cancellable operating leases as follows:
Group2020
E
Group Company Company2019 2020 2019
E E
Not later than 1 year
Later than 1 year and not later than 5 years
640
160640
800
640
160640
800
800 1,440 800 1,440
26. RELATED PARTY TRANSACTIONS
The charity has not disclosed transactions with it's wholly owned subsidiary in accordance with theexemptions given in Section 33 of FRS 102.
Page 37