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2021-03-31-accounts

ABNEY PARK TRUST

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Registered Company 02634036

Registered Charity 1005334

ABNEY PARK TRUST

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

CONTENTS Page
Reference and Administrative Details 1
Trustees’ report 2 – 8
Independent examiner’s report 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12 - 19

ABNEY PARK TRUST

REFERENCE AND ADMINISTRATIVE DETAILS

Company registration number 02634036
Charity registration number 1005334
The Board of Trustees Alison Bean
Aroa Fernandez Alvarez (resigned 8.9.21)
Lou Boyd (resigned 5.8.20)
Roger Chapman
Paul Ely (resigned 14.5.20)
Martina Girvan (appointed 8.9.21)
Carol Goldwag
Kate Jones (appointed 27.5.20)
John McShane
Paul Miller (appointed 27.5.20 - resigned 5.8.20)
Benjamin Pass (appointed 8.9.21)
Elinor Roberts (appointed 21.8.21)
Alison Rulton-Reed (appointed 8.9.21)
Eva Rachel Sharpe
Christopher Sherwood (appointed 8.9.21)
Holly Spice (resigned 8.9.21)
Penny Taylor (resigned 3.8.20)
Nicholas Toner (appointed 27.5.20)
Tom Walker (Chair)
In addition, two representatives of Hackney Council sit on the Board:
Cllr Polly Billington
Cllr Susan Fajana-Thomas
Company Secretary Zachariah Young
Registered Office & Principal address The South Lodge
Abney Park
Stoke Newington High Street
London
N16 0LH
Bankers HSBC
312 Seven Sisters Road
Finsbury Park
London
N4 2AW
Independent examiner JS2 Limited
One Crown Square
Woking
Surrey
GU21 6HR

1

ABNEY PARK TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2021

Description of the charity

Abney Park Trust (the Trust) is a company limited by guarantee (registration number 02634036) and a registered charity (registered number 1005334). The Trustees are also Directors of the company.

The Trust is governed by its memorandum and articles of association and its registered office is The South Lodge, Abney Park, Stoke Newington High St, London N16 0LH.

The governance and management of the Trust is provided by the Board of Trustees elected by the members and operating in accordance with the articles of association.

The Trust advertises for new trustees when these are required. Between Annual General Meetings, potential new Trustees submit their CV and reasons for wanting to be a Trustee. They are then interviewed by two current Trustees, the Chair, and, if considered suitable, a recommendation is made to the rest of the Board who will then decide whether or not to appoint them. They are then formally put forward for election at the Annual General Meeting.

The Trust sends new Trustees an induction pack of documents relating to the Trust (including the governing document and the policies and procedures in place) and Charity Commission guidance on the duties of charity Trustees. The Trust also invites new Trustees to observe the meetings of the Board and spend time at Abney Park with staff members.

Abney Park is a 32-acre park in Stoke Newington in the London Borough of Hackney. It was formerly a garden cemetery and includes densely wooded grounds based on a Victorian arboretum. It also contains operational buildings, listed historic monuments, tens of thousands of memorials, and a disused but recently stabilised Grade II listed funerary chapel which is Europe’s oldest surviving non-denominational chapel. Abney has significant historical, religious, genealogical, museum/archival, ecological and architectural importance.

Abney Park:

The Trust occupies Abney Park jointly with Hackney Council under a License to Occupy. The arrangement between the Trust and Hackney Council is governed by a Memorandum of Understanding. The Trust receives a £20,000 annual grant from Hackney Council to support its work.

Trust management

In the period covered by this report we have rationalised our subcommittees. Our committees are made up of Trust staff, Trustees and volunteers with expertise in relevant fields. The subcommittees meet regularly and report to the APT Board at each meeting.

2

ABNEY PARK TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2021

Events Committee

Our Events Committee manages the Trust’s busy programme of events whether these are on or off site, and the virtual events that we ran during the period. They also discuss and coordinate any event proposals that come in from external organisations.

Committee members: Irena Goldwag (Director), Liz Parr (Volunteer), Dr Romany Reagan (Volunteer), Haydn S (APT staff), Dr Eva Sharpe (Director), Holly Spice (Vice Chair of APT), Nick Toner (Director), Lorraine Tillett (Chair of Abney Park User Group) and Zach Young (APT staff).

Fundraising Committee

Our Fundraising Committee coordinates the Trust’s philanthropic approaches, corporate fundraising, grant writing and other fundraising projects.

Committee members: Aroa Fernandez Alvarez (Director), Kate Jones (Director) and Tom Walker (Chair of APT)

Risk assessment

A new and comprehensive risk register was introduced during the reporting period and is reviewed periodically by the Board. The main risks revolve around:

3

ABNEY PARK TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES AND ACTIVITIES

Objects of the Trust

The objects for which the Trust is established, as set out in its articles of association, are:

  1. The conservation and restoration for the benefit of the public of the property known as Abney Park or Abney Park Cemetery (Abney) as an area of architectural and ecological significance, and historical and religious associations.

  2. To promote the benefit of inhabitants of London and in particular the Borough of Hackney without distinction of race, gender, sexual orientation or of political, religious or other opinions by associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants.

  3. The advancement of public education by the establishment and display of a collection or collections of information literature manuscripts and artefacts concerning the history, development, associations and ecology of the cemetery.

The work of the Trust

The Trust works to achieve the Trust’s charitable objectives, which includes promoting Abney as an inner-city heritage and community resource. This involves:

The Trust is also a member of the Abney Park Development Board set up by Hackney Council to secure funding for Abney through a National Heritage Lottery Fund bid and decide on the future development of Abney. That Board now helps oversee the development of the project.

Responding to COVID 19 – 2020/21

The reporting period covered by this Annual Report was one of the most extraordinary in our lifetimes. This report covers the period running from shortly after national lockdowns began. This coincided with a new Chair and the employment of a new Trust Coordinator.

When lockdown began we took the decision to continue to operate. A combination of our core purpose, the fact the park remained open and restrictions on the furlough scheme informed that approach. In hindsight that has proved to be a very important judgement and has allowed us to radically transform the approach to our business.

For example, this meant:

4

ABNEY PARK TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2021

As the year went on, and in common with many other local amenities across the world, we noticed a huge increase in people using the park and engaging with us about the special peace and tranquillity that it provides in an inner London borough. This spurred us on as we began to better appreciate the value that Abney brings to people.

Activities during 2020/2021

The following activities were carried out throughout the year to achieve the Trust’s charitable objectives:

Events and engagement

Due to COVID 19 the Trust has had to transform the way it works under very challenging circumstances. Nearly all of our normal activities were prohibited by social distancing restrictions. This meant cancelling events, fayres, tours, walks and volunteering. Our visitors’ centre and shop were forced to close.

Despite these restrictions – and thanks to our fantastic staff – we quickly pivoted our work to operate online events and engagement. This allowed us to reach new audiences and start to provide a significant archive of permanent events and informative talks. In overall numbers this included:

This meant quickly learning how to video record and live stream events. This was done through a series of experiments with different platforms. Initially we streamed on YouTube via Skype and OBS, and later moved to Zoom. We also changed the ticketing service from Eventbrite to Ticket Tailor and this allowed us to manage events and engage with attendees much more effectively.

Events we are particularly proud of during this period include:

We have continued to improve our online presence. Our refreshed website has more content and is a permanent archive of talks and events. We have also invested in new technology and equipment to improve our digital output.

We also began to use social media more actively both to promote the park, engage the community and forge new collaborations. During COVID 19 this became absolutely vital and much credit must to go to our new Trust Coordinator for experimenting with new ways of developing content and building new collaborations.

1 https://abneypark.org/online-talks-archive/victorian-arcadia-180-anniversary

2 https://abneypark.org/news/2021/1/4/christmas-day-birdsong-in-abney-park-captured-in-sound-postcard

3 - https://abneypark.org/chapel recordings

4 https://abneypark.org/online-talks-archive/colin-sell-presents-abney-park-music-hall-stars

5 https://abneypark.org/online-talks-archive/2021/3/7/the-ecology-of-abney-park

5

ABNEY PARK TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2021

Grave searches

One of our most important roles is offering a grave search facility for those looking for relatives, friends or historic figures. Our team responds to these questions with dedication and compassion. Despite the testing circumstances of COVID 19, between March 2020 and March 2021 Trust staff checked the burial records for 156 potential grave searches and completed 75 COVID-safe searches on site.

Monument restoration

We have remained focused on promoting the history and stories of Abney Park.

During the reporting year we maintained our commitment to cleaning and maintaining the Commonwealth War Graves on the site, working with the Commonwealth War Graves Commission (CWGC). We maintain both individual Commonwealth War Graves and also the Commonwealth War Memorial at the heart of the park. We maintain the latter despite occasional misuse by members of the public. We are very grateful for the grant funding we receive from the CWGC to support this work.

We were delighted to arrange for the cleaning of the Civilian War Memorial commemorating lives lost in World War Two ahead of the eightieth anniversary[6] .

We also completed the cleaning and maintenance of two further listed monuments - the outstanding Celtic ‘Reed’ Cross[7] (a listed monument) and the Williams Sarcophagus[8] . These restorations were chosen previously following a vote by park users.

National Lottery Heritage Fund Restoration project

In January 2020 Hackney Council secured funding from the National Lottery Heritage Fund for a major programme of restoration work for the park and its amenities.[9] This is a huge opportunity for the park and we are grateful for many of our predecessors who campaigned over many years to protect and save the park.

In this reporting period, much of the activity on this has involved working closely with Hackney Council to shape the implementation of the plans as further preparatory work is completed. Writing in late summer 2021 with works about to begin on site, we look towards a period of excitement and change. This is a fantastic opportunity for Abney Park to become a major London landmark when the works are completed.

Staffing

In terms of staffing, we employed two part-time members of staff throughout the year. As noted above a new Trust Coordinator started employment with us in March 2020. We have carefully managed our staffing costs to respond to our challenging budget position. At no stage have we had to reduce hours or rely on the Government’s furlough scheme.

During the reporting period we also instituted formal performance and development reporting (such as appraisals) and harmonised the majority of terms and conditions for our two staff members. We take our responsibility seriously and one of our Trustees takes a dedicated lead on HR matters to ensure we live up to these ambitions.

Both our staff members have shown outstanding leadership and personal resilience coping with the challenges of COVID 19 and the Board would like to record their formal acknowledgement of their work, professionalism and dedication during this period.

6https://abneypark.org/news/2020/9/15/abney-park-trust-restores-war-memorial-ahead-of-the-ww2-bombings-80thanniversary

7 https://abneypark.org/news/2020/11/14/reed-celtic-cross-receives-professional-clean

8 https://abneypark.org/news/2021/2/27/the-williams-slate-sarcophagus-repair-is-complete

9 https://abneypark.org/news/2020/1/11/abney-park-set-for-44m-improvement-work

6

ABNEY PARK TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2021

Volunteer support

For much of the reporting year most of our volunteering activities were suspended. We deeply regret this and we are grateful to all those who have taken up volunteering from summer 2021. We have been lucky to rely on a number of volunteers who have continued to be active on our committees (meeting virtually) as well as those who generously have given their time to host talks and events, especially during lockdown. We rely on volunteers immensely to support the maintenance of the park and the work of the Trust. We look forward to being able to give a fuller account of the volunteer contribution in next year’s annual report.

We also continue to work with Hackney Council on Abney Unearthed[10] - the project to re-map Abney Park. This aims to create an online searchable map, add missing information to the burial records, research the various residents of Abney Park and bring their stories to light. The project was funded by NLHF and Hackney Council and is now part of the Activity Plan which sits alongside the wider restoration project.

COVID 19 meant that on site volunteering was unable to recommence until June 2021. Since resuming, volunteer numbers have averaged around 10-13 people per week, as they have in previous years. Abney Unearthed has now checked the burial details of almost 43,000 people, adding 869 missing entries. The project has enabled successful completion of 9 grave searches in previously unmapped areas and 5 for those in previously unmapped common graves. Research has also progressed well, with 5 new volunteers joining the research team and just under 200 family histories recorded.

Fundraising

The Trust remains incredibly grateful to everyone who has contributed financially to its work. This includes generous donations from across our community.

In March 2020, and in anticipation of the challenges that COVID 19 might bring, we began a concerted fundraising campaign. We were overwhelmed by the generosity of our community. We hit our £10,000 target within two months and have continued to receive donations through our CAF donation page. In September 2021, after the reporting period ended, we reached over £15,000.

In addition to the community fundraising we have also benefited from two emergency COVID 19 grants.

We secured two places for the 2020 London Marathon which was due to take place in April 2020 but was postponed because of COVID 19. Both runners will run the Marathon in October 2021.

Board composition

As the year has passed we have continued to make changes to the Board to bring in the skills we need. During the COVID 19 crisis we appointed three new Trustees. Due to changing personal circumstances only two of those Trustees were able to make the commitment permanent. More generally the Board has enjoyed a period of stability through the year. We have found that meeting virtually has actually made it easier for Board members to attend more regularly. It is another example of positive change in a context of adversity.

Looking ahead

Writing in late summer 2021, we have navigated the challenges of COVID 19 by boosting our online activity and profile and sustaining our activities. We are now running physical volunteering and events again in the park in line with the Government guidance and Hackney Council requirements.

10 https://abneypark.org/news/2019/12/5/abney-unearthed-project-update

7

ABNEY PARK TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2021

We look forward to working with Hackney Council on the comprehensive restoration plans in the National Lottery Heritage Fund bid. Preliminary work has begun on site and major works will begin in Autumn 2021. This will be a period of transition for the Trust as we move to a different relationship with Hackney Council and new Council employees start work. We hope to begin the activities during the next reporting year.

We have recently recruited new Board members who bring fresh skills to the Board. We intend to work harder to boost the diversity of our Board and volunteer base in the year ahead to better reflect Hackney’s community and broaden the appeal of our events.

Alongside the restoration plans we are also exploring a programme of maintenance and restoration of key listed monuments across the park. We will look for funding to support this.

FINANCIAL REVIEW

Finance

The Trust continues to manage its finances effectively. Overall, the Trust has maintained good progress towards becoming self-financing.

Non-core income this year represents 70.8% of the overall income of the Trust, up 12.6% from 58.2% last year. Sources of income other than the London Borough of Hackney core grant are:

COVID 19 meant our office was closed for much of this financial year and that we were unable to hold events in the park. The loss of income from grave services, hires and face-to-face events was offset by an increase in donations and grants, and the development of online events.

The cost of fundraising represents 10.3% of our total expenditure, with the remaining 89.7% spent on charitable activities.

Reserves policy

Our reserves remain healthy. The Trust retains reserve funds sufficient to finance core activities for three months and other exceptional costs including redundancies if existing income streams were to cease. At the year end, free reserves were £36,819. This equates to 9 months costs based on 2020/21 expenditure when spending was lower than usual due to the impact of COVID 19. In the longer term, it is anticipated that reserves will revert to between three and six months expenditure.

Reserves are held in an interest-bearing deposit account.

Preparation of the report

This report has been prepared taking advantage of the small companies’ exemption of section 415A of the Companies Act 2006.

It was approved, and authorised for issue, by the Trustees on 13 October 2021 and signed on its behalf by:

Tom Walker, Chair of Abney Park Trust

8

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

OF ABNEY PARK TRUST

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 March 2021 as set out on pages 10 to 19.

Responsibilities and basis of report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

This report is made solely to the charity's trustees, as a body. My work has been undertaken so that I might state to the charity's trustees those matters which I am required to state to them in an independent examiners report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to any party other than the charity and charity's trustees as a body, for my examination, for this report, or for the statement I have given below.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

JOHN SPEED FCA FCIE JS2 Limited One Crown Square Woking Surrey GU21 6HR

9

ABNEY PARK TRUST

STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2021

Note
INCOME
Income from:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments: Bank interest
TOTAL INCOME
EXPENDITURE
Expenditure on:
Raising funds
Charitable Activities
TOTAL EXPENDITURE
5
Balances brought forward
Balances carried forward
Net income/ (expenditure)/
Net movement in funds		 Unrestricted
Funds
2021
£
33,460
3,739
1,178
3
38,380
4,938
10,246
15,184
23,196
13,623
36,819		 Restricted
Funds
2021
£
30,000
-
-
30,000
-
32,719
32,719
(2,719)
2,719
-		 Total
Total
Funds
Funds
2021
2020
£
£
63,460
29,583
3,739
8,204
1,178
10,022
3
37
68,380
47,846
4,938
22,047
42,965
39,951
47,903
61,998
20,477
(14,152)
16,342
30,494
36,819
16,342

There are no recognised gains or losses other than those shown in the Statement of Financial Activities.

All income and expenditure in each of the above two years derive from continuing activities.

The accompanying notes form part of those financial statements

10

ABNEY PARK TRUST Registered Company number 02634036 BALANCE SHEET

AS AT 31 MARCH 2021

Note
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due
within one year
10
NET CURRENT ASSETS
NET ASSETS
FUNDS
Restricted funds
11
Unrestricted funds: General fund
11		 £
£
£
1,048
2,328
-
35,771
18,745
38,099
18,745
(2,328)
(2,915)
35,771
36,819
-
36,819
36,819
2021		 £
512
15,830
2020
16,342
2,719
13,623
16,342

For the year ending 31 March 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. They were approved and authorised for issue by the directors on 13 October 2021 and signed on their behalf by:-

TOM WALKER, Chair

ALISON BEAN, Treasurer

The accompanying notes form part of those financial statements

11

ABNEY PARK TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

1.1 Statutory information

Abney Park Trust is a charitable company limited by guarantee and is incorporated in England and Wales. The registered office address and principal place of business is The South Lodge, Abney Park, Stoke Newington High Street, London, N16 0LH.

1.2 Basis of accounting and preparation

These financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Charity is a public benefit entity for the purposes of FRS 102 and therefore has also prepared the financial statements in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORP) and the Charities Act 2011.

The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the Charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular, the trustees have considered the continued impact of the COVID 19 outbreak. The trustees have reviewed our forecasts and concluded that there is a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Charity therefore continues to adopt the going concern basis in preparing its financial statements.

1.3 Income

Income is accounted for when it is probable that the income will be received and the amount can be measured reliably.

1.4 Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

1.5 Stock

Stock is measured at the lower of original purchase cost and net realisable value at the balance sheet date. Stock is excluded from the balance sheet, as the year end balance is immaterial.

1.6 Fixed assets and depreciation

Assets are capitalised where the purchase price exceeds £1,000. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:-

Stage 33% Straight line Office equipment 25% Straight line Furniture and fittings 25% Straight line

1.7 Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.

1.8 Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

12

ABNEY PARK TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

1.9 Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

With the exception of any prepayments and deferred income, all debtor and creditor balances are considered to be basic financial instruments under FRS 102.

1.10 Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the Association and which have not been designated for other purposes.

Restricted funds are funds to be used in accordance with the specific restrictions imposed by donors or which have been raised for particular purposes. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.11 Employee benefits

Short term benefits

Short term benefits including holiday pay are recognised as an expense in the period in which the service is received.

Employee termination benefits

Termination benefits are accounted for on an accrual basis and in line with FRS 102.

1.12 Irrecoverable VAT

Irrecoverable VAT is written off as incurred.

1.13 Areas of critical judgement & estimation

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

1.14 Volunteer time

The Charity works with a number of volunteers who help conserve and improve the landscape at Abney Park. The contribution of this time has not been included in income in the financial statements as the value of this time cannot be reliably measured.

13

ABNEY PARK TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

2. INCOME FROM DONATIONS AND LEGACIES

London Borough of Hackney
Historic England
National Heritage Lottery Fund
Total grants
Donations including gift aid
Commonwealth
War Graves Commission		 Unrestricted
Funds
2021
£
-
6,667
-
4,000
10,667
22,793
33,460		 Restricted
Funds
2021
£
20,000
-
10,000
-
30,000
-
30,000		 Total
Total
Funds
Funds
2021
2020
£
£
20,000
20,000
6,667
-
10,000
-
4,000
4,000
40,667
24,000
22,793
5,583
63,460
29,583

Of total donations and legacies received the year to 31 March 2020, £20,000 from the London Borough of Hackney and £2,838 of donations were restricted, with the balance being unrestricted.

3. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted
Funds
2021
£
Grave search & maintenance
1,877
Education and events
(including guided tours)
1,862
3,739
INCOME FROM OTHER TRADING ACTIVITIES
Unrestricted
Funds
2021
£
Location hire
-
Theatre event
729
Shop income
449
1,178		 Restricted
Funds
2021
£
-
-
-
Restricted
Funds
2021
£
-
-
-
-		 Total
Funds
2021
£
1,877
1,862
3,739
Total
Funds
2021
£
-
729
449
1,178		 Total
Funds
2020
£
2,708
5,496
8,204
Total
Funds
2020
£
915
7,122
1,985
10,022

4. INCOME FROM OTHER TRADING ACTIVITIES

14

ABNEY PARK TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

5. EXPENDITURE

CURRENT YEAR

Raising funds
Charitable activities		 Direct Staff
Direct
costs
costs
£
£
2,650
63
18,547
8,848
21,197
8,911		 Support
costs
£
2,225
15,570
17,795		 Total
Total
2021
2020
£
£
4,938
22,047
42,965
39,951
47,903
61,998

Support costs are detailed in Note 6 and are allocated on the basis of direct staff costs.

PRIOR YEAR

Raising funds
Charitable activities		 Direct Staff
costs
£
12,114
17,306
29,420		 Direct
Support
Total
costs
costs
2020
£
£
£
2,446
7,487
22,047
11,948
10,697
39,951
14,394
18,184
61,998

6. SUPPORT COSTS

Governance costs:
Independent examination
Other support costs
Staff costs
Telephone and internet
Website
Insurance
Alarm system
Small IT equipment
Other office costs
Rates
Training
Volunteer expenses
Accountancy
Recruitment
Marketing
Depreciation
Bank charges		 Total
2021
£
1,164
1,164
5,299
564
511
2,465
922
1,254
2,565
-
-
-
1,673
-
853
520
5
17,795		 Total
2020
£
1,140
1,140
5,191
639
-
2,553
1,338
1,224
1,455
1,336
582
220
1,623
233
354
256
40
18,184

15

ABNEY PARK TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

7. EMPLOYEE AND KEY MANAGEMENT PERSONNEL

The key management personnel of the Charity comprise the trustees (“Directors” for the purposes of the Companies Act) and all members of staff. The total amounts paid in respect of the key management personnel of the Charity (including employer's National Insurance contributions and employers pension contributions) were £26,496 (2020: £34,611). None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year or the previous year. One trustee was reimbursed expenses in the year totalling £31 (2020: 3 trustees were reimbursed expenses totalling £206).

The aggregate payroll costs were:
Wages and salaries
Employer pension contributions		 2021
2020
£
£
25,756
33,615
740
996
26,496
34,611

There were no employees earning over £60,000 in the year or the previous year.

Particulars of employees:

The average headcount during the year was as follows:

2021 2020
No. No.
2.0 2.0

8. TANGIBLE FIXED ASSETS

Stage
Cost
At 1 April 2020
3,000
Additions in the year
-
At 31 March 2021
3,000
Accumulated depreciation
At 1 April 2020
3,000
Charge for the year
-
At 31 March 2021
3,000
Net book value
At 31 March 2021
-
At 31 March 2020
-		 Short
Leasehold
17,323
-
17,323
17,323
-
17,323
-
-		 Office
Equipment
15,396
1,055
16,451
14,884
519
15,403
1,048
512		 Furniture
& Fittings
£
19,903
-
19,903
19,903
-
19,903
-
-		 Total
£
55,622
1,055
56,677
55,110
519
55,629
1,048
512

16

ABNEY PARK TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

9. DEBTORS
Prepayments
Other debtors
10. CREDITORS: amounts falling due within
one year
Taxes and social security
Accruals
Deferred event income		 2021
£
971
1,357
2,328
2021
£
-
2,328
-
2,328		 2020
£
-
-
-
2020
£
285
2,280
350
2,915

11. FUNDS

FUNDS IN THE CURRENT
Restricted funds:
LB Hackney
National Lottery
Heritage Fund
Isaac Watts
Monument Restoration
Total restricted funds
General fund
Total funds		 YEAR
Balance at
31 March
2020
£
-
-
2,719
2,719
13,623
16,342		 Income
£
20,000
10,000
-
30,000
38,380
68,380		 Expenditure
£
(20,000)
(10,000)
(2,719)
(32,719)
(15,184)
(47,903)		 Transfers
£
-
-
-
-
-
-		 Balance at
31 March
2021
£
-
-
-
-
36,819
36,819

The grant from the London Borough of Hackney is to ensure Abney Park is kept open and freely accessible, and the grounds are maintained as a local green resource.

The grant from the National Lottery Heritage funding was towards specific costs in relation to COVID 19. The Isaac Watts Monument Restoration Fund existed to pay for restoration of the Isaac Watts memorial in Abney Park.

17

ABNEY PARK TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

11. FUNDS (continued)

FUNDS IN THE PRIOR YEAR

Restricted funds:
LB Hackney
Isaac Watts
Monument Restoration
Total restricted funds
Designated funds:
Isaac Watts Monument
Restoration
General fund
Total funds		 Balance at
1 April
2019
£
-
7,500
7,500
1,049
21,945
30,494		 Income
£
20,000
2,838
22,838
-
25,008
47,846		 Expenditure
£
(20,000)
(7,619)
(27,619)
(1,049)
(33,330)
(61,998)		 Balance at
31 March
Transfers
2020
£
£
-
-
-
2,719
-
2,719
-
-
-
13,623
-
16,342

12. ANALYSIS OF NET ASSETS BETWEEN FUNDS

CURRENT YEAR

Tangible fixed assets
Net current assets
PRIOR YEAR
Tangible fixed assets
Net current assets		 £
1,048
35,771
36,819
£
512
13,111
13,623
Unrestricted
funds
Unrestricted
funds		 Restricted
funds
£
-
-
-
Restricted
funds
£
-
2,719
2,719		 Total at 31
March 2021
£
1,048
35,771
36,819
Total at 31
March 2020
£
512
15,830
16,342

18

ABNEY PARK TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

13. STATEMENT OF FINANCIAL ACTIVITIES - PRIOR YEAR

INCOME
Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments: Bank interest
TOTAL INCOME
EXPENDITURE
Expenditure on:
Raising funds
Charitable Activities
TOTAL EXPENDITURE
Balances brought forward
Balances carried forward
Net (expenditure) /
Net movement in funds		 Unrestricted
Funds
2020
£
6,745
8,204
10,022
37
25,008
22,047
12,332
34,379
(9,371)
22,994
13,623		 Restricted
Total
Funds
Funds
2020
2020
£
£
22,838
29,583
-
8,204
-
10,022
37
22,838
47,846
-
22,047
27,619
39,951
27,619
61,998
(4,781)
(14,152)
7,500
30,494
2,719
16,342

19