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2021-03-31-accounts

Company no. 06272084 Charity no. 1120210

Arnos Vale Cemetery Trust Report and Unaudited Financial Statements

31 March 2021

Arnos Vale Cemetery Trust

Contents

For The Year Ended 31 March 2021
Page
Reference and administrative details 1
Trustees' report 2 - 9
Independent examiner's report 10 - 11
Consolidated statement of financial activities 12
Consolidated balance sheet 13 - 14
Consolidated statement of cash flows 15
Notes to the financial statements 16 - 32

Arnos Vale Cemetery Trust

Reference and administrative details

For theyear ended 31 March 2021 For theyear ended 31 March 2021
Company number 06272084
Charity number 1120210
Registered office and West Lodge Arnos Vale Cemetery
operational address Bath Road
Bristol
BS4 3EW
Trustees Trustees, who are also directors under company law, who served during
the year and up to the date of this report were as follows:
Dr Charles Booth
Jos Clark
Paul Davis (appointed 29 March 2021)
Nigel Dyke (Chair)
Daniel Flew
Matt Kyle
Rupert Mullins TD
Lynn Robinson
Lindsay Telling
Company secretary Rupert Mullins TD (resigned 8 June 2021)
Chief executive officer Ellie Collier
Bankers Lloyds Bank Plc
248 Wells Road
Knowle
Bristol
BS4 2PY
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Independent Godfrey Wilson Limited
examiners Chartered Accountants and Statutory Auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

1

Arnos Vale Cemetery Trust

Report of the trustees

For the year ended 31 March 2021

The trustees present their report along with the financial statements of the charity for the year ended 31 March 2021.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Structure, governance and management Constitution

Arnos Vale Cemetery Trust (AVCT or the Trust) was incorporated as a company limited by guarantee on 7 June 2007 and was registered as a charity on 24 July 2007.

The governing documents of the Trust were its Memorandum of Association and its Articles of Association. These documents have been updated, revised and registered with the Charity Commission and Companies House after the year end in October 2020.

The trustees met frequently during 2020/21 as a result on the impact of the ongoing pandemic.

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 for election 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 of trustees is 3, however the maximum number of trustees is now 15 without an Ordinary Resolution of Members. 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 reelected by Members but that no trustee may be elected for more than three consecutive terms of three years.

No new trustees resigned and were not re-elected in the period to 31 March 2021. Paul Davis was elected as a trustee in at the AGM in December 2020.

Background information Objects

The objects of the Trust are:

2

Arnos Vale Cemetery Trust

Report of the trustees

For the year ended 31 March 2021

History of the trust from 2001 to date

An unincorporated Trust was formed in 2001, following the campaign to save the Cemetery from redevelopment for 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 was managed 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 £1,500,000. This fund is held by Quartet Community Foundation, and the Trust is permitted to draw on the fund’s revenue and capital accounts for the purpose of maintaining and developing the Cemetery.

A catalyst fund created as an endowment fund by AVCT and the Heritage Lottery Fund in the fouryear period to June 2016 is also held by Quartet Community Foundation and the Trust is permitted to receive and spend its income but cannot draw on the capital in the initial 25 years.

At 31 March 2021, the endowment funds have a total value of £1,839,670.

Arnos Vale Cemetery Enterprises

In July 2010 AVCT set up a wholly owned trading subsidiary, Arnos Vale Cemetery Enterprises Limited (AVCE). The objects of AVCE are to develop commercial offerings taking advantage of the Cemetery’s unique location and history, in a manner consistent with both.

All of the subsidiary’s net taxable income generated is transferred to the charity annually. Directors of the trading subsidiary who are also trustees of the charity draw no salary or dividend from either company.

Public benefit

The trustees confirm that they have complied with the duty contained in the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit in exercising their powers or duties. They have referred to this guidance when reviewing the charity's aims and objectives and in planning its future activities, and in setting its revised vision.

3

Arnos Vale Cemetery Trust

Report of the trustees

For the year ended 31 March 2021

Strategic reviews

The board of trustees regularly review the Trust’s progress in achieving its objects and from time to time request the Chair and the Executive Team to undertake formal documented re-assessments of its achievements and its plans for the future.

A new business case for the period 2021-24 was recommenced early 2021 having been paused in 2020 due to the pandemic. The aim is for it to be formally adopted in June 2021.

Achievements and performance in 2020/21 Review of activities

The year 2020 was like no other and proved a great challenge to the whole country and not least the heritage sector. At the forefront of our decision making was keeping our staff, volunteers and visitors safe. Arnos Vale was hit hard by repeated lockdowns and the difficulty in generating income through our normal mechanisms. The team worked extremely hard through this period, and we are pleased to report that the Trust has continued to operate in a revitalised position. We were able to use the pandemic to provide a valuable period of reflection. This allowed us to reflect on our purpose and how we deliver it, our relevance and our model. As a result of this we have created a revitalised business plan with a clear sense of direction and purpose.

We owe a huge debt of gratitude to our supporters who donated throughout this period, both individuals and Trusts, Foundations and Government. Particular thanks must be given to Power to Change, National Lottery Heritage Fund, DCMS Cultural Recovery Fund for Heritage and Historic England for their emergency support funding throughout this period. This vital funding has allowed us to weather this storm.

Many of our community stepped up to donate to our Christmas appeal, which proved a wonderful way of connecting with new supporters and finding out just why Arnos Vale is important to them.

“It became so important to me, this daily touchstone of nature and earth. It’s really become valuable to me and I’ve never even put a fiver in the donation pot. So, when I was asked to support the Christmas appeal, it just came at the right time.”

We were proud to support people’s wellbeing throughout the last year by enabling them to connect with nature on their doorsteps. At the height of lockdown Arnos Vale was a daily lifeline for many providing a place for exercise and reflection. We are hugely proud to have directly supported our local community’s wellbeing throughout the last year.

4

Arnos Vale Cemetery Trust

Report of the trustees

For the year ended 31 March 2021

With regards to our charitable objectives:

To secure the conservation and management of the historic landscape, plants and natural life at Arnos Vale Cemetery for the public benefit

Throughout the last year due to generous support from the National Lottery Heritage Fund, DCMS Cultural Recovery Fund and Historic England we were able to maintain our building repairs and maintenance programme. We were also able to continue our landscape maintenance programme, albeit on a reduced scale, due to staff furlough and limited volunteering opportunities around lockdowns. Our felling license from Forestry England was renewed, and which allowed us to continue our Ash dieback work. We completed our annual tree survey and undertook a further woodland tree survey focusing on show species abundance and cover. Normal site maintenance was able to be undertaken including hedge and grass cutting in ceremonial way, path maintenance, firewood processing and cut and tidies.

To advance the education of the public by making available materials for the study of the lives and significance of those buried in Arnos Vale Cemetery

During the strictest of lockdowns all events and weddings on site had to be cancelled or postponed. As restrictions lifted, we created a comprehensive set of risk assessments prior to organised activity and bookings taking place. With the use of these risk assessments, we were able to keep staff, volunteers and visitors safe. The risk assessments have been continually reviewed throughout the year to ensure a Covid-secure site, compliant with changing government guidelines.

Our programme of events for the year was heavily disrupted by the uncertainties surrounding the pandemic and a number of staff being furloughed. With children home schooling for much of the year our educational schools’ programme was postponed until 2021.

We made the decision to hold Raja Day as a virtual event. We used our social media channels and website to run a 3 day celebration of the Raja’s life between the 25th Sept -27th Sept, this generated a good interest in the Raja’s life with many visitors engaging from across the world, in particular India. We were able to once again open the Ofrenda in the crypt for Day of the Dead, but unfortunately had to close this early due to the November lockdown. Our plans for other winter and Christmas events were put on hold, although we were able to convene a virtual candle lighting instead of our traditional memorial service and a virtual community carol concert, to bring people together.

We were able to move our popular talks programme online, which had the benefit of broadening our reach with participants attending from across the UK, Europe and America.

We welcomed Jo Bushall to be artist in residence at Arnos Vale. She spent time on site exploring a creative dialogue about grief, our relationship to it and how Ash dieback was affecting the site. Our community were asked to engage with her work digitally. Her work looked to help people find new ways to mark the transitions of their lives and communities, as we respond to the changes we face due to Covid-19.

5

Arnos Vale Cemetery Trust

Report of the trustees

For the year ended 31 March 2021

To secure the conservation, maintenance, operation and management of Arnos Vale Cemetery Cemetery Services

Burials continued throughout the year, while many people postponed scattering and celebrations of life until a time when restrictions were lifted. Woodland and traditional burial continued to be popular, with grave side services and in door service taking place when restrictions allowed.

As a small and agile organisation we were able to adapt our model to make the best income generating opportunities restrictions allowed for. By the time restrictions allowed small weddings in August 2020, we had in place a Covid secure wedding offer, which was flexible enough to change when restrictions changed.

Trading in the shop has had significant challenges with regular lockdowns taking place throughout the year. We were able to open when regulations allowed, and when restrictions were in place, we were able to move some of our sales to a call and collect system, which proved popular with our longstanding customers.

Most of our other bookings for the year were cancelled or postponed, making income generation extremely challenging. Helpfully generous support from individuals, Trusts, Foundations and Government meant that we were able to continue to actively look after this special place and provide welcome solace for those who were able to visit.

Volunteers

When restrictions allowed we were delighted to welcome back volunteers to site. We are hugely grateful once again for their hard work and kind words. We really could not have the impact we do without their amazing support. Their spirit has been a huge benefit to all in this strangest of years.

Financial review

The consolidated statement of financial activities (SOFA) shows that the group had total incoming resources for the year of £669,739 (of which the Quartet investment endowment comprised £69,765) and total resources expended in the year of £501,249 (of which the Quartet investment endowment costs were £7,752) giving rise to a surplus for the year of £168,490. There was a total unrestricted surplus for the year of £190,500 with a deficit for the year on restricted funds of £22,010.

The balance sheet shows the Trust having net assets of £446,206 at 31 March 2021, with £340,513 of funds being held in general unrestricted funds, £36,605 held in designated funds and £69,088 of funds being held in restricted funds (see note 20 to the accounts).

The Trust is solvent at 31 March 2021 and able to pay its debts as they fall due. Budgets and financial plans that had been prepared for 2021/22 have been reviewed in light of the ongoing pandemic. The Trust is projected to be solvent at 31 March 2022. A new business plan for the Trust will be developed in early 2022.

6

Arnos Vale Cemetery Trust

Report of the trustees

For the year ended 31 March 2021

Reserves policy

The Trust’s reserves policy is to hold approximately three months unrestricted expenditure in its reserves. At 31 March 2021 the liquid unrestricted funds (defined as net current assets held in general funds) were £261,610, equivalent to just over three months' expenditure. The Trust also has access to the Endowment Fund, originally donated by Bristol City Council and now held by Quartet Community Foundation, whose capital can be drawn on to meet unexpected costs. As noted above, these funds totalled £1.8m as at 31 March 2021.

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 are reviewed annually by the Chair, in conjunction with the Chief Executive, and are formally approved by the board of trustees at a regular trustee meeting.

Principal risks and uncertainties

All trustees have been issued with a copy of the Charity Commission booklet “The Essential Trustee”, which provides them with guidance on the assessment and management of risks, and advises them of their responsibility to identify and monitor them. The Trust has considered and identified its principal risks and uncertainties:

Risk or uncertainty
Financial revenue failing to cover running costs
Employee or trustee fraud
Health & Safety incident involving accident and/or
injury to staff, trustees or visitors
Reputational risk in respect of non-traditional
activities being carried out in Cemetery setting
Inability to attract new trustees to replace those
retiring at end of permitted terms of office		 Action to prevent, reduce or ameliorate
Continually
review
financial
forecasts
and
projections, with a view to reducing costs if
necessary.
Risk assessments carried out as required.
Relevant staff trained appropriately.
Appropriate
Public
and
Employer
Liability
Insurance in place.
Standing financial instructions in place to control
and monitor expenditure.
D&O fidelity insurance policy in place.
Holding sufficient reserves to affect an orderly
rundown of its activities, if necessary.
Health & Safety policy in place.
Nominated H&S Director on board.
Nominated senior employee responsible for H&S
policy implementation.
Robust Health & Safety practices.
Staff are aware of issue and are instructed to
consult
the
board
regarding
any
potential
objections or criticism.
Chair
charged
with
continually
identifying
potential new trustees.

7

Arnos Vale Cemetery Trust

Report of the trustees

For the year ended 31 March 2021

Impact of Ash Dieback on Cemetery. Ash is a CEO and staff have developed a management dominant tree species on the site and this plan approved by the trustees to manage this accelerating disease will impact on finance, ongoing risk. Funding and training has been operations and ecology of site obtained. A communications plan is also being developed.

Impact of pandemic on charity and staff

The board of trustees and CEO are continually reviewing and assessing the situation and identifying possible financial support.

The Trust regularly reviews these risks and uncertainties to ensure that they remain relevant and have appropriate procedures in place to minimise and control them. A number of working sessions were held in March 2020 to review and make decisions regarding various scenarios resulting from the emerging pandemic to ensure the viability of the charity and its objects. These have continued throughout 2020/21 and will continue for the foreseeable future.

Going concern

The accounts for the period 2020/21 indicated that the charity was in a healthy financial position in March 2020 and the trustees had a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.

Largely due to the efforts of the staff and significant fundraising and grants over the last year, the Trust has managed to survive the financial effects of the pandemic. This has allowed for some investment in the buildings and landscape including work to address Ash Dieback and avoided redundancies.

The financial situation is reviewed monthly to remain alive to changes as they occur and to enable prompt and swift decision making as necessary. Having considered all the elements previously mentioned, trustees are strongly confident in the charity’s ability to continue as a going concern for the next 12 months with the hope that the worst impacts of the pandemic are over from the summer of 2021 onwards.

In preparing this report, the trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

8

Arnos Vale Cemetery Trust

Report of the trustees

For the year ended 31 March 2021

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £5 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Independent examiners

Godfrey Wilson Limited were appointed as independent examiners to the group and parent charity during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 13 December 2021 and signed on their behalf by

Rupert Mullins

Nigel Dyke Rupert Mullins TD Trustee Trustee

9

Independent examiner's report

To the trustees of

Arnos Vale Cemetery Trust

I report to the trustees on my examination of the consolidated accounts of the group comprising of Arnos Vale Cemetery Trust ('the charity') and its subsidiary undertaking for the year ended 31 March 2021, which are set out on pages 12 to 32.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the consolidated accounts of the group in accordance with the requirements of the Charities Act 2011 ('the Act') and you have chosen to prepare consolidated accounts for the group. You are satisfied that the accounts of both the charity and the group are not required by charity law to be audited and have chosen instead to have an independent examination.

I report in respect of my examination of the consolidated accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the consolidated accounts present a 'true and fair' view and my report is limited to those specific matters set out in the independent examiner's statement.

Independent examiner’s statement

Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

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

10

Independent examiner's report

To the trustees of

Arnos Vale Cemetery Trust

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.

Alison Godfrey

Date: 15 December 2021 Alison Godfrey FCA Member of the ICAEW For and on behalf of:

Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

11

Arnos Vale Cemetery Trust

Consolidated statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2021

Restricted Unrestricted
Note
£
£
Income from:
Donations and legacies
3
285,480
219,186
Charitable activities
4
-
120,454
Other trading activities
5
-
44,619
Total income
285,480
384,259
Expenditure on:
Raising funds:
Voluntary income
-
31,147
Fundraising trading
-
30,223
Investment management
-
7,752
Charitable activities
307,490
124,637
Total expenditure
7
307,490
193,759
Net income / (expenditure)
(22,010)
190,500
Transfers between funds
-
-
Net movement in funds
8
(22,010)
190,500
Reconciliation of funds:
Total funds brought forward
91,098
186,618
Total funds carried forward
69,088
377,118		 2021
Total
£
504,666
120,454
44,619
669,739
31,147
30,223
7,752
432,127
501,249
168,490
-
168,490
277,716
446,206		 Restated
2020
Total
£
281,294
126,567
210,003
617,864
20,184
154,138
8,561
327,327
510,210
107,654
-
107,654
170,062
277,716

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 21 to the accounts.

The 2020 comparatives have been restated to reclassify expenditure between raising funds and expenditure on charitable activities as described in note 25.

12

Arnos Vale Cemetery Trust

Consolidated balance sheets

As at 31 March 2021

Note
Fixed assets
Tangible assets
11
Investments
12
Current assets
Stock
15
Debtors
16
Cash at bank and in hand
Liabilities
17
Net current assets
Total assets less current liabilities
18
Net assets
20
Funds
21
Restricted funds
Unrestricted funds
Designated funds
General funds
Total funds
Creditors: amounts falling due within 1
year
Creditors: amounts falling due after
more than 1 year		 The group
2021
£
93,196
-
93,196
2,540
24,768
400,923
428,231
(60,928)
367,303
460,499
(14,293)
446,206
69,088
36,605
340,513
446,206		 Restated
The group The charity
2020
2021
£
£
104,840
91,137
-
1
104,840
91,138
2,402
-
16,475
78,707
242,963
294,639
261,840
373,346
(71,443)
(18,715)
190,397
354,631
295,237
445,769
(17,521)
-
277,716
445,769
91,098
69,088
40,729
36,605
145,889
340,076
277,716
445,769		 Restated
The charity
2020
£
99,378
1
99,379
-
65,935
131,942
197,877
(23,382)
174,495
273,874
-
273,874
93,959
40,729
139,186
273,874

13

Arnos Vale Cemetery Trust

Consolidated balance sheets

As at 31 March 2021

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 13 December 2021 and signed on their behalf by

Rupert Mullins

Nigel Dyke - Chair of Trustees

Rupert Mullins TD - Trustee

14

Arnos Vale Cemetery Trust

Consolidated statement of cash flows

For the year ended 31 March 2021

Cash used in operating activities:
Net movement in funds
Adjustments for:
Depreciation charges
Decrease / (increase) in stock
Decrease / (increase) in debtors
Increase / (decrease) in creditors
Net cash provided by / (used in) operating activities
Cash flows from investing activities:
Purchase of tangible fixed assets
Net cash provided by / (used in) investing activities
Increase / (decrease) 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		 2021
£
168,490
38,324
(138)
(8,293)
(13,743)
184,640
(26,680)
(26,680)
157,960
242,963
400,923		 2020
£
107,654
40,230
1,122
(544)
5,947
154,409
(81,366)
(81,366)
73,043
169,920
242,963

The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.

15

Arnos Vale Cemetery Trust

Notes to the financial statements

For the year ended 31 March 2021

1. Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Arnos Vale Cemetery Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Group accounts

These financial statements consolidate the results of the charitable company and its whollyowned (controlled) subsidiary on a line by line basis. Transactions and balances between the charitable company and its subsidiary have been eliminated from the consolidated financial statements. Balances between the two companies are disclosed in the notes of the charitable company's balance sheet. A separate statement of financial activities, or income and expenditure account, for the charitable company itself is not presented because the charitable company has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006.

c) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern. The trustees consider this appropriate having regard to the current level of unrestricted reserves and having considered the impact of the ongoing Covid-19 pandemic on the budget and financial plans for 2021/22. There are no material uncertainties about the charity's ability to continue as a going concern.

d) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

16

Arnos Vale Cemetery Trust

Notes to the financial statements

For the year ended 31 March 2021

1. Accounting policies (continued)

d) Income (continued)

Income from other trading activities is recognised when the goods or services are delivered. Income received in advance of events or hire is deferred until the event is held.

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

f) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between the cost of raising funds and expenditure on charitable activities on the basis of staff time, as follows: 2021 2020 Raising funds 9.1% 9.1% Charitable activities 90.9% 90.9%

i) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Long term leasehold property improvements 10% straight line
Motor vehicles 25% straight line
Fixtures and fittings 10% - 25% straight line

Items of equipment are capitalised where the purchase price exceeds £1,000.

j) Investments

Investments in subsidiaries are valued at cost less provision for impairment.

17

Arnos Vale Cemetery Trust

Notes to the financial statements

For the year ended 31 March 2021

1. Accounting policies (continued)

k) Stock

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items.

l) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

m) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

n) Creditors

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.

o) Financial instruments

The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

p) Pension costs

The charity operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the statement of financial activities.

q) Operating leases

Rental payments under operating leases are charged to the statement of financial activities on a straight line basis over the term of the relevant lease.

r) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation as described in note 1 (i) above.

18

Arnos Vale Cemetery Trust

Notes to the financial statements

For the year ended 31 March 2021

2. Prior period comparatives: consolidated statement of financial activities

Prior period comparatives: consolidated statement of financial activities
Income from:
Donations and legacies
Charitable activities
Other trading activities
Total income
Expenditure on:
Raising funds:
Voluntary income
Fundraising trading
Investment management
Charitable activities
Total expenditure
Net income
Transfers between funds
Net movement in funds
Income from donations and legacies
Donations
Legacies
Grants
Quartet investment
Total income from donations and legacies
Prior period comparative:
Donations
Legacies
Grants
Quartet investment
Total income from donations and legacies		 Restricted
£
£
109,422
171,872
-
126,567
-
210,003
109,422
508,442
-
20,184
-
154,138
-
8,561
30,992
296,335
30,992
479,218
78,430
29,224
(25,464)
25,464
52,966
54,688
Restricted
£
£
-
54,433
-
28,119
285,480
66,869
-
69,765
285,480
219,186
Restricted
£
£
150
35,620
-
50,000
109,272
17,765
-
68,487
109,422
171,872
Unrestricted
Unrestricted
Unrestricted		 2020
Total
£
281,294
126,567
210,003
617,864
20,184
154,138
8,561
327,327
510,210
107,654
-
107,654
2021
Total
£
54,433
28,119
352,349
69,765
504,666
2020
Total
£
35,770
50,000
127,037
68,487
281,294

3. Income from donations and legacies

19

Arnos Vale Cemetery Trust

Notes to the financial statements

For the year ended 31 March 2021

4. Income from charitable activities

Income from charitable activities
Cemetery services
Public engagement and learning
Other
Total income from charitable activities		 2021
Total
£
119,367
1,087
-
120,454		 2020
Total
£
103,553
21,069
1,945
126,567

All income from charitable activities was unrestricted in both the current and prior year.

5. Income from other trading activities

Trading activities of subsidiary 2021
Total
£
44,619		 2020
Total
£
210,003

All income from other trading activities was unrestricted in both the current and prior year.

6. Government grants

The charitable company receives government grants, defined as funding from the Cultural Recovery Fund, Bristol City Council and the Coronavirus Job Retention Scheme to fund charitable activities. The total value of such grants in the period ending 31 March 2021 was £201,969 (2020: £nil). There are no unfulfilled conditions or contingencies attaching to these grants in 2020/21.

20

Arnos Vale Cemetery Trust

Notes to the financial statements

For the year ended 31 March 2021

7. Total expenditure

Total expenditure
Staff costs (note 9)
Other staff costs
Premises and estate expenses
Fundraising
Cemetery services
Public engagement
Insurance
Investment management fees
Legal and professional
Accountancy
Depreciation
Office costs
Irrecoverable VAT
Cost of trading activities
Sub-total
Allocation of support and governance costs
Total expenditure		 Raising funds
£
33,833
-
-
962
-
-
-
7,752
-
1,017
3,403
617
-
7,887
55,471
13,651
69,122		 Charitable
activities
£
172,309
1,266
64,639
-
17,613
4,863
-
-
-
-
34,921
-
-
-
295,611
136,516
432,127		 Support and
governance
costs
£
97,642
-
-
-
-
-
11,530
-
8,500
9,528
-
12,969
9,998
-
150,167
(150,167)
-		 2021 Total
£
303,784
1,266
64,639
962
17,613
4,863
11,530
7,752
8,500
10,545
38,324
13,586
9,998
7,887
501,249
-
501,249

Total governance costs were £10,545 (2020: £15,002).

21

Arnos Vale Cemetery Trust

Notes to the financial statements

For the year ended 31 March 2021

7. Total expenditure - prior period comparative

Total expenditure - prior period comparative
Staff costs (note 9)
Other staff costs
Premises & estate expenses
Fundraising
Cemetery services
Public engagement
Insurance
Investment management fees
Legal and professional
Accountancy
Depreciation
Office costs
Irrecoverable VAT
Cost of trading activities
Sub-total
Allocation of support and governance costs
Total expenditure		 Raising funds
£
112,050
122
-
4,019
-
-
-
8,561
-
4,370
5,986
936
-
37,771
173,815
9,068
182,883		 Charitable
activities
£
105,781
1,363
74,793
-
14,725
5,744
-
-
-
-
34,244
-
-
-
236,650
90,677
327,327		 Support and
governance
costs
£
59,942
-
-
-
-
-
10,849
-
517
13,674
-
12,662
2,101
-
99,745
(99,745)
-		 2020 Total
£
277,773
1,485
74,793
4,019
14,725
5,744
10,849
8,561
517
18,044
40,230
13,598
2,101
37,771
510,210
-
510,210

22

Arnos Vale Cemetery Trust

Notes to the financial statements

For the year ended 31 March 2021

8. Net movement in funds

This is stated after charging:

Depreciation
Operating lease payments
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiners' remuneration:
Independent examination (including VAT)
Other services (including VAT)		 2021
£
38,324
160
Nil
Nil
4,740
1,320		 2020
£
40,230
800
Nil
Nil
1,110
4,705

9. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs		 Group
2021
£
277,125
21,387
5,272
303,784		 Group
2020
£
254,491
18,029
5,253
277,773

No employee earned more than £60,000 during the year.

The key management personnel of the charitable company comprises of the Chief Executive Officer. The total employee benefits of the key management personnel were £40,649 (2020: £50,019).

Average head count Group
2021
No.
13		 Group
2020
No.
18

10. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. The charity's subsidiary, Arnos Vale Cemetery Enterprises Limited, gift aids its available trading profits to the charity. There was no taxable profit retained by Arnos Vale Cemetery Enterprises Limited that was chargeable to corporation tax in the current or prior year.

23

Arnos Vale Cemetery Trust

Notes to the financial statements

For the year ended 31 March 2021

11. Tangible fixed assets Group

Tangible fixed assets
Group
£
Cost
At 1 April 2020
107,404
Additions in year
19,117
At 31 March 2021
126,521
Depreciation
At 1 April 2020
32,968
Charge for the year
22,112
At 31 March 2021
55,080
Net book value
At 31 March 2021
71,441
At 31 March 2020
74,436
Charity
£
Cost
At 1 April 2020
107,404
Additions in year
19,117
At 31 March 2021
126,521
Depreciation
At 1 April 2020
32,968
Charge for the year
22,112
At 31 March 2021
55,080
Net book value
At 31 March 2021
71,441
At 31 March 2020
74,436
Long-term
leasehold
property
improvement
Long-term
leasehold
property
improvement		 £
7,750
-
7,750
1,938
1,937
3,875
3,875
5,812
£
7,750
-
7,750
1,938
1,937
3,875
3,875
5,812
Motor
vehicles
Motor
vehicles		 £
147,617
7,563
155,180
123,025
14,275
137,300
17,880
24,592
£
115,977
7,563
123,540
96,848
10,871
107,719
15,821
19,129
Fixtures
and
fittings
Fixtures
and
fittings		 Total
£
262,771
26,680
289,451
157,931
38,324
196,255
93,196
104,840
Total
£
231,131
26,680
257,811
131,754
34,920
166,674
91,137
99,378

24

Arnos Vale Cemetery Trust

Notes to the financial statements

For the year ended 31 March 2021

11. Tangible fixed assets (continued)

In 2011 Bristol City Council granted Arnos Vale Cemetery Trust a 125 year lease for the cemetery. Arnos Vale Cemetery Trust do not recognise the lease as an asset in the financial statements as the trustees have assessed that the lease does not have an intrinsic value due to the restrictions of use of the site and the cost of upkeep of the cemetery.

12. Investments

Investments in subsidiary The group
2021
£
-		 The group
2020
£
-		 The charity
2021
£
1		 The charity
2020
£
1

The investment represents 100% of the ordinary share capital of Arnos Vale Cemetery Enterprises Limited, whose principal activity is to carry out trading activities in support of the charity. A summary of the financial results and position of Arnos Vale Cemetery Enterprises Limited is given below (see note 13).

13. Subsidiary undertakings

Arnos Vale Cemetery Enterprises Limited

Arnos Vale Cemetery Enterprises Limited is the trading arm of the charity, of which Arnos Vale Cemetery Trust is the sole shareholder.

Turnover
Cost of sales
Gross profit
Administrative expenses
Operating profit
Interest payable
Profit on ordinary activities before taxation
Tax on profit on ordinary activities
Profit for the financial year after taxation
Total retained earnings brought forward
Total comprehensive income for the year
Gift aid distribution to parent charity
Total retained earnings carried forward		 2021
£
44,619
(7,887)
36,732
(22,331)
14,401
(5)
14,396
-
14,396
3,842
14,396
(17,799)
439		 2020
£
210,003
(90,951)
119,052
(63,187)
55,865
-
55,865
-
55,865
9,828
55,865
(61,851)
3,842

25

Arnos Vale Cemetery Trust

Notes to the financial statements

For the year ended 31 March 2021

13. Subsidiary undertakings (continued)

The aggregate of the assets, liabilities and funds was:

Assets
Liabilities
Funds		 2021
£
112,821
(112,381)
440		 2020
£
123,789
(119,946)
3,843

14. Parent charity

The parent charity's gross income and the results for the year are disclosed as follows:

Gross income
Results for the year
15. Stock
Merchandise
16. Debtors
Trade debtors
Prepayments and accrued income
Other debtors
Amounts owed by group undertakings		 Group
2021
£
15,899
8,406
463
-
24,768		 Group
2020
£
7,474
8,932
69
-
16,475		 2021
£
642,919
171,894
Group
2021
£
2,540
Charity
2021
£
14,025
8,406
400
55,876
78,707		 2020
£
469,712
113,640
Group
2020
£
2,402
Charity
2020
£
2,570
8,932
-
54,433
65,935

26

Arnos Vale Cemetery Trust

Notes to the financial statements

For the year ended 31 March 2021

17. Creditors : amounts due within 1 year

Trade creditors
Accruals and deferred income
VAT
Other taxation and social security
Other creditors		 Group
2021
£
5,072
53,602
499
1,755
-
60,928		 Group
2020
£
12,197
48,548
3,313
7,385
-
71,443		 Charity
2021
£
5,072
11,627
261
1,755
-
18,715		 Charity
2020
£
10,611
2,300
3,085
7,385
1
23,382

18. Creditors : amounts falling due after more than one year

Deferred income Group
2021
£
14,293
14,293		 Group
2020
£
17,521
17,521

19. Deferred income

At 1 April 2020
Deferred during the year
Released during the year
At 31 March 2021		 Group
2021
£
62,594
55,168
(62,594)
55,168		 Group
2020
£
37,982
62,594
(37,982)
62,594		 Charity
2021
£
-
-
-
-		 Charity
2020
£
220
(220)
-
-

Deferred income relates to hire and weddings paid for in advance.

27

Arnos Vale Cemetery Trust

Notes to the financial statements

For the year ended 31 March 2021

20. Analysis of net assets between funds

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Net assets at 31 March 2021
Prior period comparative
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Net assets at 31 March 2020		 £
-
69,088
-
-
69,088
£
-
91,098
-
-
91,098
Restricted
funds
Restricted
funds		 Designated
funds
£
-
36,605
-
-
36,605
Designated
funds
£
-
40,729
-
-
40,729		 General
funds
£
93,196
322,538
(60,928)
(14,293)
340,513
General
funds
£
104,840
130,013
(71,443)
(17,521)
145,889		 Total
funds
£
93,196
428,231
(60,928)
(14,293)
446,206
Total
funds
£
104,840
261,840
(71,443)
(17,521)
277,716

28

Arnos Vale Cemetery Trust

Notes to the financial statements

For the year ended 31 March 2021

21. Movements in funds

Restricted funds
The Raja Fund
Community Infrastructure Levy (CIL)
NLHF - Resilience
Post Code Lottery
Power to Change - M&S
Power to Change
NLHF - COVID19
Cultural Recovery Fund
Historic England
CIL Third Party Projects
Total restricted funds
Designated funds:
Shop improvement grant
Total designated funds
General funds
Total unrestricted funds
Total funds
Purposes of restricted funds
The Raja Fund
Friends of Arnos Vale Cemetery
Trust
Unrestricted funds		 At 1 April
2020
£
29,047
2,494
24,942
16,896
5,400
-
-
-
-
12,319
91,098
22,964
17,765
40,729
145,889
186,618
277,716
This fund is		 Income
£
£
£
£
-
-
-
29,047
-
(2,494)
-
-
(9,777)
-
15,165
-
-
-
16,896
600
(6,000)
-
-
30,000
(30,000)
-
-
110,500
(110,500)
-
-
136,100
(136,100)
-
-
8,280
(300)
-
7,980
-
(12,319)
-
-
285,480
(307,490)
-
69,088
4,698
(5,170)
-
22,492
-
(3,652)
-
14,113
4,698
(8,822)
-
36,605
379,561
(184,937)
340,513
384,259
(193,759)
-
377,118
669,739
(501,249)
-
446,206
Transfers
between
funds
At 31 March
2021
Expenditure
for the following agreed purposes connected with the

This fund is for the following agreed purposes connected with the Raja Rammohan Roy:

CIL and CIL Third Party Projects

These are funding support for the Brislington Green Trail to allow working with community groups for environmental improvements along the trail.

29

Arnos Vale Cemetery Trust

Notes to the financial statements

For the year ended 31 March 2021

21. Movements in funds (continued)

NLHF - Resilience

Purposes of designated funds

Funds designated to employ a shop manager for the onsite shop, including wages costs and training.

30

Arnos Vale Cemetery Trust

Notes to the financial statements

For the year ended 31 March 2021

21. Movements in funds (continued)

Movements in funds (continued)
Prior period comparative
Restricted funds
The Raja Fund
UWE - React Partner
Ernest Cook Trust
Rural Payment Agency
Community Garden
Power to Change
Community Infrastructure Levy (CIL)
NLHF - Resilience
Post Code Lottery
Power to Change - M&S
CIL Third Party Projects
Total restricted funds
Designated funds:
Shop improvement grant
Total designated funds
General funds
Total unrestricted funds
Total funds
Friends of Arnos Vale Cemetery
Trust
Unrestricted funds		 At 1 April
2019
£
29,055
6,000
1,792
835
450
-
-
-
-
-
-
38,132
25,800
-
25,800
106,130
131,930
170,062		 Income
£
-
-
-
-
1,150
56,126
-
29,850
16,896
5,400
-
109,422
4,613
17,765
22,378
486,064
508,442
617,864		 £
(8)
(6,000)
(1,792)
(835)
(1,161)
(13,589)
(1,400)
2,208
-
-
(8,415)
(30,992)
(7,449)
-
(7,449)
(471,769)
(479,218)
(510,210)
Expenditure		 £
£
-
29,047
-
-
-
-
-
-
(439)
-
(42,537)
-
3,894
2,494
(7,116)
24,942
-
16,896
-
5,400
20,734
12,319
(25,464)
91,098
-
22,964
-
17,765
-
40,729
25,464
145,889
25,464
186,618
-
277,716
Transfers
between
funds
At 31 March
2020
91,098
22,964
17,765
40,729
145,889
186,618
277,716

22. Operating lease commitments

The charity had operating leases at the year end with total future minimum lease payments as follows:

Amount falling due:
Within 1 year
Within 1 - 5 years		 Group
2021
£
160
-
160		 Group
2020
£
640
160
800		 Charity
2021
£
160
-
160		 Charity
2020
£
640
160
800

31

Arnos Vale Cemetery Trust

Notes to the financial statements

For the year ended 31 March 2021

23. Related party transactions

Arnos Vale Cemetery Trust has a wholly owned subsidiary, Arnos Vale Cemetery Enterprises Limited, a company limited by shares (company no. 07314116). At 31 March 2021, Arnos Vale Cemetery Enterprises Limited owed £55,876 to Arnos Vale Cemetery Trust (2020: £54,433).

24. Endowment fund

Quartet Community Foundation manages two separate endowment funds which have been created and funded for the benefit of Arnos Vale Cemetery.

The first of these is a Trust fund created from grants by Bristol City Council to Quartet Community Foundation (then the Greater Bristol Fund) for the purpose of "the maintenance, repair and management… of Arnos Vale Cemetery…". Under the terms of the grant, QCF is permitted to pay over the income and any 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 of capital drawdowns as and when requested of QCF by AVCT.

The second fund is the Catalyst fund created from monies raised by AVCT itself in the four-year period to June 2016, which were match funded by the Heritage Lottery Fund. The terms of this fund permit AVCT to receive and spend its income, but the capital cannot be drawn on in the initial 25 years of the fund's existence.

A summary of the movements on these funds since inception are given below:

Capital added
Fund income and investment gains
Quartet management fees
Income paid out to AVCT
Capital drawn down by AVCT
Fund balance at 31/3/21		 Cumulative
2021
£'000
£'000
1,500
-
1,312
212
(143)
(5)
(751)
(37)
(818)
-
1,100
170
Endowment Trust fund		 Cumulative
2021
£'000
£'000
594
-
308
147
(23)
(3)
(140)
(25)
-
-
739
119
Catalyst fund		 Cumulative
2021
£'000
£'000
594
-
308
147
(23)
(3)
(140)
(25)
-
-
739
119
Catalyst fund
119

25. Restatement of prior period

The 2020 balance sheet has been restated to reclassify £22,964 of general funds as designated funds. The restatement is purely a reclassification of funds. Total unrestricted funds have not changed.

The 2020 statement of financial activities has been restated to reclassify £11,144 of expenditure on charitable activities as expenditure on raising funds. This is due to a change in accounting policy for the allocation of support and governance costs to activities. There is no change to total expenditure. All adjustments are to unrestricted funds.

32

Alison Godfrey FCA Godfrey Wilson Limited Chartered Accountants & Statutory Auditors 5[th] Floor Mariner House 62 Prince Street Bristol BS1 4QD

13 December 2021

Dear Alison

Letter of Representations on the Financial Statements for the Year Ended 31 March 2021

We confirm that the following representations are made on the basis of enquiries of the trustees, management and staff with relevant knowledge and experience (and, where appropriate, of inspection of supporting documentation) sufficient to satisfy ourselves that we can properly make each of the following representations to you:

  1. We have fulfilled our responsibilities as trustees, as set out in the terms of your engagement letter dated 21 June 2021, under the Companies Act 2006 for preparing financial statements, in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

We confirm that in our opinion the financial statements give a true and fair view and in particular that where any additional information must be disclosed in order to give a true and fair view that information has in fact been disclosed. We confirm that the selection and application of the accounting policies used in the preparation of the financial statements are appropriate, and we approve these accounts for the year ended 31 March 2021.

  1. We confirm that all accounting records have been made available to you for the purpose of your examination, in accordance with your terms of engagement, and that all the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management, trustees’ and members’ meetings, have been made available to you. We have given you unrestricted access to persons within the charity in order to obtain evidence and have provided any additional information that you have requested for the purposes of your examination.

  2. We confirm the charity has satisfactory title to all assets and there are no liens or encumbrances on the assets, except for those disclosed in the financial statements.

  3. We confirm that significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable. We confirm that we have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements.

  4. We confirm that the charity has no liabilities or contingent liabilities other than those disclosed in the financial statements.

  5. We confirm that all known actual or possible litigation and claims whose effects should be considered when preparing the financial statements have been disclosed to you and accounted for and disclosed in accordance with the applicable financial reporting framework.

  6. We confirm that there have been no events since the balance sheet date which require disclosing or which would materially affect the amounts in the financial statements, other than those already disclosed or included in the financial statements.

  7. We confirm that we are aware that a related party of the charity is a person or organisation which either (directly or indirectly) controls, has joint control of, or significantly influences the charity or vice versa and as a result will include: trustees/directors, other key management, close family and other business interests of the previous. We confirm that all related party relationships and transactions have been accounted for and disclosed in accordance with the applicable financial reporting framework.

  8. We confirm that the charity neither had, at any time during the year, any arrangement, transaction or agreement to provide credit facilities (including advances and credits granted by the charity) for trustees, nor provided guarantees of any kind on behalf of the trustees except as disclosed in the financial statements.

  9. We confirm that the charity has not contracted for any capital expenditure other than as disclosed in the financial statements.

  10. We confirm that the charity has complied with all aspects of contractual agreements that could have a material effect on the financial statements in the event of non-compliance.

  11. We confirm that we are not aware of any possible or actual instance of non-compliance with those laws and regulations which provide a legal framework within which the charity conducts its activities and which are central to the charity’s ability to conduct its activities, except as explained to you and as disclosed in the financial statements.

  12. We acknowledge our responsibility for the design, implementation and maintenance of internal controls to prevent and detect fraud. We confirm that we have disclosed to you the results of our risk assessment of the risk of fraud in the organisation. There have been no deficiencies in internal control of which we are aware.

  13. We confirm that there have been no actual or suspected instances of fraud involving trustees, management or employees who have a significant role in internal control or that could have a material effect on the financial statements. We also confirm that we are not aware of any allegations of fraud by trustees, former trustees, employees, former employees, regulators or others.

  14. We confirm that, in our opinion, the charity’s financial statements should be prepared on the going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity’s needs. In reaching this conclusion, we have taken into account all relevant matters of which we are aware, and have considered a period of at least one year from the date on which the financial statements will be approved.

  15. We confirm that in our opinion the effects of uncorrected misstatements are immaterial, both individually and in aggregate, to the financial statements as a whole.

  16. We confirm that we are not aware of any matters of material significance that should be reported to regulators. We confirm that all correspondence with the Charity Commission has been made available to you.

  17. We confirm that all grants, donations and other income, including those subject to special terms or conditions or received for restricted purposes, have been notified to you. There have been no breaches of terms or conditions during the period regarding the application of such income.

Yours sincerely

Nigel Dyke – Chair For and on behalf of the trustees of Arnos Vale Cemetery Trust