OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-08-31-accounts

Page
Legal and Administrative Information 1-2
Report ofthe Trustees 3-12
Independent Auditors' Report 13-15
Consolidated Statement of Financial Activities 16
Statement of Financial
Activities		 17
Balance Sheets 18
Consolidated Statement of Cash Flows 19
Notes to the Financial Statements 20-31

Chair Martin Adeney re-appointed
29July 2020		 re-appointed
29July 2020
Trustees Doreen Aislabie re-elected 29 July 2020
Katherine
Baldwin		 re-elected 6July 2021
Alice Brown appointed
11 May 2022
Liz Fuller elected 6 July 2021
Nicola Jones re-elected 6July 2021
Steve Kennard re-elected
11 May 2022
Stuart Orr re-elected
11 May 2022
John Robinson elected 6 July 2021
Teresa Sladen to 11 May 2022
Stephen
Smith		 appointed
6July 2021
Evelyn Wilder re-elected 29 July 2020
Andrew
Yeo		 elected 11 May 2022
Staff Dr lan Dungavell FSA AlccM Chief Executive
At 1 February 2023 Judith Chadbourne rccA Head of Finance
Nikki Druce Volunteering
Manager
Judith
Etherton		 Archivist
Claire Freston AiccM Registrar
Victor Herman Sexton
Leighann
Heron		 Client Representative (maternity cover)
Sally Kay Bookkeeper
Nick Powell Visitor Experience Manager
Guinevere
Short		 Head of Operations
Kate White Projects Director
Gardeners
Frank Cano Head Gardener
Jose Ballesteros Barragan
Zurab Gogidze
Erik Harris
Adam
Howe

Bankers Lloyds Bank pic
140Camden
High		 St
London
NW1 ONG
Unity Trust Bank pic
4 Brindleyplace
Birmingham
B1 2JB
CCLA Investment Management Limited
85 Queen Victoria Street
London
EC4V 4ET
Investment Advisors BNY Mellon
Fund		 Managers Limited
160Queen Victoria Street
London
EC4V 4LA
Auditors Knox Cropper
LLP
65 Leadenhall
Street
London
EC3A 2AD
Company Number 3157806
Charity Number 1058392
Registered Office Highgate
Cemetery
Swain's Lane
London
N6 6PJ

I
0 W
I		 I
0 W
I		 I
0 W
I		 I/I I/I ID
ID O
IY1		 ID
ID O
IY1		 «U
CO
I/1
LO N
IO N
tD
I/I
N
N		 «U
CO
I/1
LO N
IO N
tD
I/I
N
N		 «U
CO
I/1
LO N
IO N
tD
I/I
N
N		 CO
CO
N		 CO
IA
U1
IA
AI
CO		 IO
m
IO		 IO
m
IO		 ID
QO
Cl		 'CP
ICI
«U
W
D CI
NO t/
Z		 D
C		 W
N
C
0IJ
t		 4
UI
Cl		 CW
O ID
O IA
I/I
I
'LO
IY1		 ID O
I/|		 IU
Ol
CO
LO
ID
N		 LO
QO
IA
CO
NN
IA
LA
N		 LO
N
IA
AJ
LO		 Cl
AI
'0 CD LII
C
0.
C
4I		 0
I-		 I
W		 N YL
N
I/I		 LA
N
LA
CO		 IA
IYJ		 U1
«A
O
I/I		 Q
tD
IO
I		 N
«h
I		 AJ
CI		 O OI
Y«N
AJ
«A
LA		 «A
Cl
U1		 IO
t/1
«h
Ol
CO
E LU
iQ
L
I		 8
C N
Al
Cl O
Lnl		 CI Cl CI
O		 Q
O		 AI
Cl		 AI
Cl
Cl 01 IV
No		 'g QOL W AJ I
N		 I LU
Al
4«
0 0
IC
U 0
CI O, '0
C
J01 g
Cl
Z
LC
I
v- '5
Ul'8 e
'0		 't/
C		 Ul
C
LL		 W I
LA
OI		 O
N
YP		 LA
IYl
IY1
Cl		 O N
«II
I		 U1
I
ttl
IU		 O
O
IU		 tD
$ N
OI
I/I
(7I
N		 CI
CI
U1
III		 m
LO
LO
W
Cl
'C		 IC
U		 0
C
iL		 v
0Z		 IYI W N ID QI
V0
0\C
E C
~3 C0
LI
IC20 Cl
U
IQ01
Ql		 vC
Ql		 E0
Y-
Ql
C
C0V E
E
0
CIJ		 'D
C
IQ
C0
tQC0
O
t/IC
«L
'C
I/I
I/I		 I/I
Ql
I/I )
Ql—
CI
C
tQ
QI D
L
v
Ql
tQ		 5
E
IU C
Q		 Cl
E
8C
I0		 C
41 D
I/I
004/
D 01 IO
C C.v
g-c		 4I
DC
Cl
ID		 E
C0
C
IQ
«9
t/I
C
0 0
/QX
Z I—		 C
U DC
LL
0L C
QI
4 $ v0
tQ
Z		 '5
C
LL
C
C
E
41
0
Z
4IZ		 I/ID
C
0
C
+
CU
0
V
QI
IL		 0
ttl
LL
01
0
«O
C
IQ
v
0		 D
tll
l0
0
QlC
LOV
DC
LL
IQ0		 Ql0
Ql
vDC
Ql
«L
IJ
Ill
DC
IQ
Cl
E0
LtC

2022 2022 2021 2021
Notes Group
f		 Parent
6		 Group
F.		 Parent
Fixed Assets
Tangible
Fixed Assets		 11 44,457 1,628 29,102 1,628
Investments 12 11,111,535 11,111,535 11,521,906 11,521,906
Investment
in Subsidiary		 Company 12 2 2
11,155,992 11,113,165 11,551,008 11,523,536
Current Assets
Stocks 10,290 7,840
Debtors 14 29,472 1,627 99,426 76,936
Cash at Bank 15 1,074,219 1,022,193 983,351 922,148
1,113,981 1,023,820 1,090,617 999,084
Creditors: Amounts falling due
within one year 16 (374,478) (243,696) (133,683) (8,959)
Net Current Assets 739,503 780,124 956,934 990,125
Total Assets Less
Liabilities		 Current 11,895,495 11,893,289 12,507,942 12,513,661
Provision for Liabilities 18 (557) (28)
Total Net Assets L'11,894,938 F11,893,289 612,507,914 f12,513,661
Funds
Unrestricted
Funds- General		 19 1,887,436 1,885,787 12,500,412 12,506,159
- Designated 19 10,000,000 10,000,000
Restricted
Funds		 17 7,502 7,502 7,502 7,502
Total Funds 611,894,938 F11,893,289 E.12,507,914 F12,513,661

2022 2021
Notes E E E
Cash Flows from Operating
Activities
Net cash provided
by operating		 A 110,261 87,429
activities
Cash Flows from Investing
Activities
Dividend
and Interest Received		 3,582 1,276
Purchase ofTangible
Fixed Assets		 (42,975) (8,460)
Disposal of Tangible
Fixed Assets		 20,000
Net cash used in investment
activities		 (19,393) (7,184)
Change
in Cash and Cash
Equivalents
in the Finandal
Year		 90,868 80,245
Cash and Cash Equivalents
at the
beginning
ofthe financial year		 983,351 903,106
Cash and Cash Equivalents
at the		 end E1,074,219 E983,351
of the financial
year
2022 2021
Notes to the Statement of Cash Flows E E
A
Reconciliation
of Net Income		 to Net Cash Flow from
Operating
Activities
Net (Expenditure)/Income
for the financial		 year (612,976) 1,825,538
Adjustments
for.
Depreciation 9,365 15,103
Gain on disposal oftangible fixed assets (1,745)
Losses/(Gains)
on Investments		 592,046 (1,555,258)
Dividends
and Interest		 (185,257) (166,462)
Decrease/(Increase)
in Debtors		 69,954 (71,221)
Increase
in Creditors
Br Provisions		 241,324 23,127
(Increase)/Decrease
in Stock		 (2,450) 16,602
Net cash provided
by Operating		 Activities E110,261 E87,429
8
Analysis of Cash and Cash Equivalent
Cash at Bank E1,074,219 F983,351
C
Analysis of Changes
in Net Funds
At Cash At
01/09/2021 flows 31/08/2022
Cash E983,351 F90,868 E1,074,219

filed with Com panies
 House .
2022 2021
E E
Turnover 815,483 685,871
Grants received 860,000 484,504
Cost of sales (1,271,108) (799,944)
Administrative expenses (396,222) (375,915)
Profit/(Loss)
before taxation		 8,153 (5,484)
Tax (529) 1,388
E7,624 E(4,096)
3 Subscriptions, Donations and Legacies
Subscriptions 10,604 10,565
Donations 41,206 27,834
Legacies 24,647 38,001
E76,457 E76,400
f27,000of Donations relate to restricted funds
(2021
E nil)
4 Charitable
Activities
Highgate
Cemetery admissions		 507,412 381,384
East side only admissions 120,203 125,151
Merchandise and publications 37,278 33,858
Burial Rights 632,917 678,960
Burial Fees 67,500 99,973
Memorial
Sales		 55,930 48,210
E1,421,240 E1,367,536
F or the Year Ended 31 August 2022
6 Investment
Income
2022 2021
E E
Investment
Income
Bank Interest		 185,187
70		 166,462
F185,257 E166,462
7 Raising Funds
Costs of Raising Grants,
Subscription
and Donations
Fundraising
Trading
Costs		 (Note 9) 76,560 61,118
525
E76,560 E6'I,643
8 Charitable
Activities
Burial rights and memorials
Merchandise
Private
Bill (Highgate
Cemetery Act)
Conservation
projects
Cemetery
running
costs
Staff costs
Archives		 32,307
15,155
9,340
686,231
264,561
282,301
1,497		 72,765
20,082
97,178
335,564
238,067
234,154
2,923
1,291,392 1,000,733
Support Costs (Note 9) 382,800 305,593
E1,674,192 F1,306,326

Support Costs
2022 2021
E E
Legal and professional fees 70,349 27,712
Auditors'
remuneration		 6,180 6,226
Governance
costs		 16,443 6,632
Staff costs 311,948 282,853
IT support 8,068 10,503
Telecoms 6,446 4,291
Printing,
postage
Miscellaneous		 &.stationery 19,519
10,258		 16,504
6,836
Subscriptions 784 1,200
Depreciation 9,365 3,954
f459,360 f366,711
Allocated to:
Raising
Funds		 76,560 61,118
Charitable
Activities		 382,800 305,593
f459,360 f366,711

Allocation ofStaff Costs
Raising Charitable
Funds Activities Total
E E E
Office staff 66,149 330,600 396,749
Burials staff 43,344 43,344
Landscape staff 154,158 154,158
666,149 f528,102 f594,251
Staff costs
2022 2021
E E
Wages and salaries
Social security costs
Pension costs		 485,248
46,533
37,845		 420,357
37,434
33,075
Agency staff 24,625 26,141
f594,251 F517,007

Tangible
Fixed		 Assets
Plant & Fixture & Archive
Group Machinery Fittings Materials Total
Cost E E E E
At 1 September
Additions
Disposals		 2021 'I81,213
42,975
(44,763)		 4,273 1,628 187.114
42,975
(44,763)
At 31 August 2022 179,425 4,273 1,628 185,326
Depreciation
At 1 September
Charge for year
Disposals		 2021 153,739
9,365
(26,508)		 4,273 158,012
9,365
(26,508)
At 31 August 2022 136,596 4,273 140,869
Net book value
At 31 August 2022 f42,829 E- E1,628 f44,457
At 31 August 2021 E27,474 E1,628 E29,102

11 Tangible
Fixed Assets (continued)		 Tangible
Fixed Assets (continued)		 Tangible
Fixed Assets (continued)
Fixtures & Archive
Parent Charity Fittings
f		 Materials
f		 Total
f
Cost
At 1 September
2021		 4,273 1,628 5,901
Additions
At 31 August 2022 4,273 1,628 5,901
Depreciation
At 1 September
2021		 4,273 4,273
Charge for the year
At 31 August 2022 4,273 4,273
Net book value
At 31 August 2022 f1,628 f1,628
At 31 August 2021 f1,628 f1,628
12 Fixed Assets Investments
2022 2021
f f
Investments
(see below)		 f11,111,535 f11,521,906
Highgate
Cemetery		 Limited (shares at cost) f2 f2
BNY Mellon CCLA 2022 2021
f f f f
Market value at 1 September 11,482,049 39,857 11,521,906 9,801,462
2021
Additions
Dividends
reinvested		 181,675 181,675 165,186
Net investment
gains/(losses)		 (586,579) (5,467) (592,046) 1,555,258
Market value at 31 August f11,077,145 f34,390 f11,111,535 f11,521,906
2022
Historical cost at 31 August f7,687,679 f30,000 f7,717,679 F7,536,004
2022

Group 2022 2021
E E
Trade debtors
Other debtors		 6.965 59,690
23,784
Prepayments and accrued income 22,507 15,952
F29,472 F99,426
Parent Charity 2022 2021
E E
Trade debtors 371 46,824
Prepayments and accrued income 201
Amounts
due from subsidiary
Taxes and social security costs		 1 055 30,112
E1,627 K76,936
15 Cash at Bank and in Hand
Group 2022 2021
The balance
is		 represented by E E
Lloyds Bank Accounts
Unity Bank Accounts		 111,770
254,074		 103,433
177,458
The Charities
Official Investment		 Fund 703,285 699,772
Cash 5,090 2,688
E1,074,219 F983,351

Parent Charity 2022 2021
The balance
is represented		 by: E E
Lloyds Bank Accounts 100,670 97,183
Unity Bank Accounts 214,813 123,328
The Charities
Official		 Investment Fund 703,285 699,772
Cash 3,425 1,865
F.1,022,193 F922,148
16 Creditors: Amounts falling due within one year
Group 2022 2021
E E
Accruals 84,937 42,922
Deferred
Income		 220,194
Trade creditors 35,952 65,771
Taxes and social security costs 33,395 24,990
F374,478 F.133,683
Parent Charity 2022 2021
E E
Trade Creditors 3,731 6,133
Due to subsidiary 82,236
Accruals 3,906 2,826
Deferred
Income		 153,823
F243,696 f.8,959
Group Parent
E E
Deferred Income at 1 September 2021
Income for memorials 363,372 236,650
Memorials installed in year (143,178) (82,827)
Deferred Income 31 August 2022 f220,194 F153,823

17
Analysis of Funds		 17
Analysis of Funds
Group and Parent Charity
Unrestricted Sowerby Other
General Designated Restricted Restricted Total
Group and Parent
Charity
At 1 September 2021 12,500,412 7,502 12,507,914
Income 1,703,351 27,000 1,730,351
Expenditure (1,723,752) (27,000) (1,750,752)
Loss on Investments (592,046) (592,046)
Tax (529) (529)
Transfers (10,000,000) 10,000,000
At 31 August 2022 E1,887,436 f10,000,000 E7,502 f11,894,938
Unrestricted
Sowerby Other
General Designated Restricted restricted Total
Group and Parent
Charity
At 1 September 2020 10,674,874 7,502 10,682,376
Income 1,636,861 27000 1 663861
Expenditure (1,367,969) (27000) (1 394969)
Gain on Investments 1,555,258 1,555,258
Tax 1,388 1,388
At 31 August 2021 E12,500,412 F= E7,502 f12,507,914

Net Asse ts by Funds
Unrestricted
f		 Restricted
f		 Designated
f		 2022
E
Tangible Fixed Assets 44,457 44,457
Investments 1,111,535 10,000,000 11,111,535
Net Current Assets 732,001 7,502 739,503
Provision for Liabilities (557) (557)
1,887,436 7,502 10,000,000 11,894,938
Unrestricted Restricted 2021
f f f
Tangible Fixed Assets 29,102 29,102
Investments 11,521,906 11,521,906
Net Current Assets 949,432 7,502 956,934
Provisions for liabilities (28 (28)
12,500,412 7,502 12,507,914