2020-10-31-accounts

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THE FRIENDS OF BROMPTON CEMETERY (Charitable Incorporated Organisation)

TRUSTEES’ ANNUAL REPORT AND

FINANCIAL STATEMENTS For the year ended 31 October 2020

Registered charity number 1181027

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THE FRIENDS OF BROMPTON CEMETERY

TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020

CONTENTS

	Page
Reference and administrative details	3
Reportof theTrusteesfor the yearended 31October 2020:
Objectives and activities for the public benefit	4
Achievementsand performance	5
Financial review	6
Structure, governanceandmanagement	7
Declarations	8
Independent Examiner’sReport tothemembers	9
Statementof Financial Activities	10
Balance Sheet	11
Notes to the financial statements	12-17

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THE FRIENDS OF BROMPTON CEMETERY

TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020

Charity registration number: 1181027

Reference and Administrative details

Charity Name The Friends of Brompton Cemetery North Lodge (East Wing), Brompton Cemetery, Old Brompton Road London SW5 9JE Registration The Managing Trustee is registered with the Charity Commission (registration number 1181027). Bankers Barclays Bank PLC Wandsworth Branch Independent examiner Mr John Graham Apis Consulting 51 Sunningfields Road Hendon London NW4 4RA

Trustees The Trustees who served the CIO during the year were: Mr Arthur Tait (Chairman) (retired as Chairman 1 August 2020) Ms Elise Ormerod (Deputy Chair) (Chair from 1 August 2020) Mr David Beauchamp Mr Mark Lemmon Mr Robert Stephenson Ms Carolyn Stubbs

Committee members Other committee members were as follows at 31 October 2020: Mr Ben Millington Buck Mrs Mary Millington Buck Ms Susie Costard Ms Signe Hoffos Mr Peter Matthews Mrs Ann Mulcare (Deputy Chair from 1 August 20 Mr John Plant Treasurer Ms Carolyn Stubbs Secretary Ms Carolyn Stubbs

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THE FRIENDS OF BROMPTON CEMETERY

TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 (cont.)

Report of the trustees for the year ended 31 October 2020

The Friends of Brompton Cemetery was registered as a charity (registration number 1181027) on 6 December 2018. At this time the previous charity was still operating as The Friends of Brompton Cemetery (registration number 298605). The transfer date was 31 May 2019 and, as of this date, assets were transferred to the new charity, a Charitable Incorporated Organisation (“CIO”).

The trustees present their second report and financial statements of the CIO for the year ended 31 October 2020. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s constitution, the Charities Act 2011 and Accounting and Reporting by Charities: 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 published on 16 July 2014.

Objectives and activities for the public benefit

Purposes of the CIO as set out in its Constitution

The Association is established to promote for the public benefit the conservation of the flora, fauna, monuments, buildings, and burial records of the Brompton Cemetery and the introduction of improvements to the Cemetery and its management so long as they are compatible with the conservation of nature.

The main activities in relation to those purposes for the public benefit

The Friends exist to help to establish Brompton Cemetery as a living model of an historic cemetery playing an active part in modern society. Our aims are to help to restore and maintain the buildings, monuments and landscape in cost-effective ways, and to enable their full use, long-term, by those with interests to which the Cemetery can respond. These include the funeral business, archives, monumental statuary, fauna and flora, education and interpretation, recreation and social activity. We want to expand public awareness and enjoyment of this wonderful “lung” in a part of London without adequate open-air recreational amenity. The aims of the Friends have been strongly reinforced by the Heritage and Big Lottery Funds grant to the Cemetery.

This Purpose has been unchanged in the Chair’s Report for many years and is reinforced by the objectives agreed with The Royal Parks in the Joint Working Group to sustain the Restoration Project’s legacy.

Trustee confirmation

The trustees confirm that they have complied with the duty in section 4 of the 2006 Act to have due regard to guidance issued by the Charity Commission on public benefit.

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THE FRIENDS OF BROMPTON CEMETERY

TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 (cont.)

Achievements and performance – Chair’s Report

We entered 2020 with gusto and high hopes for what the spring would bring. However, as we all know, our activities had to cease with the onset of the Coronavirus early in the year.

We reached an agreement with The Royal Parks to be involved in the legacy planning and monitoring of the work from the legacy of the NHLF grant.

2020 was a strange year, in which we can only talk of our noble intentions for the year which had to be shelved or put on hold. We had a thriving group of volunteers and were hoping to build this up to 150 regulars who would, hopefully have been able to staff the information centre on a daily basis.

We had been working with TRP to contribute to the repair of certain monuments and our longstanding Chairman Arthur Tait stood down and was elected President of the FOBC.

Although we could not carry our usual activities we, later in the year, worked behind the scenes to get the North Lodge ready for the return of our visitors and volunteers. All the Risk Assessments were updated and cleared with The Royal Parks. An important development was the tremendous work that was done and is still being done on the introduction of a cashless system for use in the Information Centre. The number of people who seldom or no longer use cash, had been growing, but with the onset of Covid it would seem that most people expect to pay using cards. It has been an arduous process and the money laundering legislation makes any financial projects very longwinded indeed.

During the year the cemetery continued to provide calm and sustenance to visitors and was widely used by the community, many of whom were not very local. The staff of TRP continued to keep the place beautiful and we were able to see the results of our bulb planting as they bloomed in their full glory.

Surprisingly, we have a number of prospective volunteers who would like to join us, and we hope that the long wait for a meeting has not dampened their enthusiasm to contribute to the work that we do in maintaining the cemetery. We also hope that we shall not have lost many of our regulars after a year of inactivity.

Despite the volatility of the financial markets we have managed to maintain a reasonable sum with our investments with M&G. We have largely retained our membership, although renewals at the end of the year were slow. However we do hope that with the reinstatement of our freedoms some of our past members will again renew their membership.

It is pleasing to note that our social media presence has continued unabated and that we have a number of followers and adherents who also add their own photographs of the beautiful cemetery.

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THE FRIENDS OF BROMPTON CEMETERY

TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 (cont.)

For the first time our photography group produced a very well received calendar for 2021. The photographs of Brompton Cemetery were magnificent and we shall be producing another calendar for 2022.

We all hope that we shall soon return to pre-Covid levels of activity once normality returns. We have continued to work closely with TRP to do what we can in the interests of our Volunteers, Visitors and the Cemetery.

Again my thanks to the committee and the Royal Parks for their continued support

Financial Review

Review of the financial position at the end of the year

The total value of the Friends’ assets reduced from £393,808 at 31 October 2019 to £354,784 at 31 October 2020. This was due to a fall in the value of our investment in Charifund, managed by M&G Investments. After the announcement of successful vaccine trials in late 2020, the value of our Charifund investment increased from £141,677 at 31 October 2020 to £182,529 at 31 March 2021, thus fully making up the fall in value of our assets.

The CIO was operating for the full twelve months of the accounting period, compared with the previous year when only five months of activities were included (the CIO was dormant from 6 December 2018 to 31 May 2019 and the results from this period were included in the closing accounts of the old charity). We thus received a full year’s subscriptions and investment income. However, our activities were considerably reduced due to Covid-19 restrictions. We were unable to hold an Open Day or to host “Month of the Dead”, there were very few guided tours and no lectures. Our income from charitable activities thus fell to £3,316 (2019: £10,543).

Expenditure for the full year was £13,899 (2019: £8,527). Much of these costs related to administration and production of our magazine, but we also contributed £1,925 towards bulb planting in the Cemetery and £2,242 for the printing of a calendar for 2021.

Policy for holding reserves and why they are held

Until the former Friends’ charity received a significant legacy our funds were never as much as £20,000, and we held all the money in our general bank account for use when necessary.

When the legacy of £430,000 was received in June 2016 we decided our policy would be to spend about half of it over the next few years, and to keep a balance of roughly £200,000 for use in later years. The legacy was very generously left to us in her will by Mrs Clara Waters (and a further £16,274 was received in 2017).

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THE FRIENDS OF BROMPTON CEMETERY

TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 (cont.)

We see the Cemetery business as a long-term issue stretching indefinitely into the future. The Cemetery is 180 years old and we visualise it being there for at least as long into the future. Moreover working as we do in close partnership with The Royal Parks, who manage the Cemetery, while carefully maintaining our independence as a volunteer group, our position will be the stronger in influencing improvements to the Cemetery by holding significant funds.

Decisions about investing and spending the legacy money are managed by a sub-group of the Committee, the members currently being the Chair and four other Committee members, who agree decisions with The Royal Parks. The meetings are formal and minutes are taken. Decisions are reported to the full Committee, and if there is controversy or difficulty in agreeing a decision the matter is referred to the full Committee.

Structure, Governance and Management

We were registered as a new charity in the name of Friends of Brompton Cemetery, charity number 1181027. This charity is a Charitable Incorporated Organisation (CIO) and was registered on 6 December 2018. The formation of the CIO was approved at the AGM of our former charity in 2018. We transferred all assets over to the new charity as of 31 May 2019.

Organisational Structure

We have a membership of about 500, about 70 active volunteers helping with the activities in which we are involved in the Cemetery, and a Committee currently with 12 members responsible for managing the CIO in line with the Constitution. The volunteers work in groups according to the nature and location of their work, each group linked closely to at least one member of the Committee.

There is an Annual General Meeting, usually in May or June each year, at which existing Committee members may be reelected along with the election of any new Committee members. Any member of the CIO may stand for election and vote at the AGM.

The Committee has a Chair, a Deputy Chair, an Honorary Secretary and an Honorary Treasurer.

Within the Committee there were six trustees, originally the Chairman, the Deputy Chair, the Honorary Secretary and Treasurer and three other Committee members. The Chairman stepped down as of August 2020 but remained a trustee. Elise Ormerod became the new Chair and Ann Mulcare the new Deputy Chair. Arthur Tait was confirmed as the charity’s President for Life at the closing AGM of the former charity on 10 December 2020. We are very sad to report that Arthur died in January 2021 and we hope to be able to celebrate his life when Covid-19 restrictions permit.

All Committee members and active volunteers do their work for the Charity and for the Cemetery unpaid. We are all volunteers and we employ no staff.

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THE FRIENDS OF BROMPTON CEMETERY

TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 OCTOBER 2020 (cont.)

Trustee selection methods

Trustees volunteer for the role and are appointed after discussion with the Chair. Trustees retire from office at the AGM and are eligible for re-election. Any vacancies so arising may be filled by the decision of the members at the AGM.

The members or the trustees may at any time decide to appoint a new trustee, whether in place of a trustee who has retired or been removed in accordance with clause 15 of the Constitution (Retirement and removal of Trustees), or as an additional trustee, provided that the limit specified in clause 12.3 on the number of trustees would not as a result be exceeded. The maximum number of trustees is 12.

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees:

Elise Ormerod Chair

Date: 3 June 21

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Independent examlnerfs report to the trustees of the Frlends of Brompton Cemetery {Charlty reglstratlon number 11810271 I report on the actounts of the charlty for the perlod l November 2019 to 31 October 2020 whlch are set OLrt on pages 10 to 17 of the Trustees Annual Report and Financial Ststements. Re5pertive responsibilities of tntstees and examlner The charivs trustees are responsible for the preparation of the accounts. The chariVs trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 {the 2011 Act) and that an independent examination is needed. It Is my responslblllty to.. examine the accounts under sertion 145 of the 2011 Art to follow the procedures laid down in the general Directions given by the commissron under section 14515llbl of the 2011 Act to state whether particular matters have come to my attention Basis of indepeftdent examinerf$ report My examination wa5 carried out in accordance with the general Directions glven bv the Charlty Commission. An examlnatlon Includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees coneerning any such matters. The procedures undertaken do not provide all the ev1deft￿ that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and falr Vie￿ and the report Is Ilrnited to those matters Set out in the next statement. Independent examlnerfs ststement In connection wlth my examlnatlon, no matter has ￿rne to my attentlon: 111 whlch glves me reasonable cause to believe that In any material respect the requlrements: to keep accounting records In accordance with section 130 of the 2011 Act and to prepare atcounts which accord with the accounting records and tomply with the accounting reqU1￿ments of the 2011 Art have not been met or 21 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Dated this 14 Day of June 2021 John Graham 51 Sunningfields Road London NW4 4FIA

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THE FRIENDS OF BROMPTON CEMETERY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2020

				Total Funds	Total Funds
	Note	Unrestricted	Restricted	2020	2019
		Funds	Funds	(12 months)	(11 months from
					6 December
					2018)
		£	£	£	£
Income and endowments
Transfer of assets from former charity	2a	-	-	-	376,866
Donations and legacies	2a	6,897	-	6,897	2,682
Charitable activities	2b	3,316	-	3,316	10,543
Investments	2c	13,422	-	13,422	3,157
		_____	_	_____	______
Total income		23,635	-	23,635	393,248
Expenditure
Raising funds	3a	2,402	-	2,402	4,088
Charitable activities	3b	10,207	-	10,207	2,744
Governance costs	3c	1,290	-	1,290	1,695
		_____	_	_____	_____
Total expenditure		13,899	-	13,899	8,527
Net income/(expenditure) from		9,736	-	9,736	384,721
operations
Net gains/(losses) on investment assets		(48,760)	-	(48,760)	9,087
Net movement in funds		(39,024)	-	(39,024)	393,808
Balances brought forward at		393,808	-	393,808	-
1 November 2019 (6 December
2018)
Balances carried forward at		£354,784	£NIL	£354,784	£393,808
31 October 2020 (31 October
2019)

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THE FRIENDS OF BROMPTON CEMETERY

BALANCE SHEET AT 31 OCTOBER 2020

	Note	31 October 2020	31 October 2019
		£	£
FIXED ASSETS
Investments	4	315,291	350,760
CURRENT ASSETS
Debtors and prepayments	6	-	3,760
Cash at bank and in hand:
General account - Barclays		32,386	16,711
General account – Barclays (not yet transferred)		4,592	21,645
Account at PayPal		3,266	1,682
		______	______
		40,244	43,798
CREDITORS: AMOUNTS FALLING DUE	7	750	750
WITHIN ONE YEAR
NET CURRENT ASSETS		39,494	43,048
		_	_
TOTAL NET ASSETS	5	£354,785	£393,808
FUNDS OF THE CHARITY	8
Restricted		-	-
Unrestricted		354,785	393,808
		_	_
		£354,785	£393,808

Approved by the Trustees on 3 June 2021 and signed on their behalf by:

Elise Ormerod Chair

Carolyn Stubbs Secretary

The notes on pages 12 to 17 form part of these accounts.

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THE FRIENDS OF BROMPTON CEMETERY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2020

1 ACCOUNTING POLICIES

Basis of preparation and assessment of going concern

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

Funds

Unrestricted funds are general funds that are available for use at the Trustees’ discretion in furtherance of the objectives of the charity.

Restricted funds are those donated for a particular area or for specific purposes, the use of which is restricted to that area or purpose and the restriction means that the funds can only be used for specific projects or activities.

Income and endowments

Voluntary income, including subscriptions and donations that provide core funding or are of a general nature, are recognised when they are received.

Grants and legacies are accounted for as soon as the charity is notified of its legal entitlement and the amount due and when there is certainty of receipt.

Funds raised by the Open Day and similar events are accounted for gross.

Sales of calendars, guide books, maps and postcards are accounted for gross.

Income from investments

Dividends and interest are accounted for when receivable. Tax recoverable on such income is recognised in the same accounting year.

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THE FRIENDS OF BROMPTON CEMETERY

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 OCTOBER 2020

1 ACCOUNTING POLICIES (continued)

Expenditure

Costs of generating funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the charity.

All other expenditure is recognised when it is incurred and is accounted for gross.

Governance costs include those incurred in the governance by the Trustees of the charity’s assets and are primarily associated with constitutional and statutory requirements of operating the charity.

Fixed assets

Other fixtures, fittings and equipment

Equipment is depreciated on a straight-line basis over 4 years. Individual items with a purchase price of £1,000 or less are written off when the asset is acquired.

Investments

Investments are included at market value at the balance sheet date.

Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the statement of financial activities in the year of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the statement of financial activities based on the market value at the year end.

Current assets

A low level of stocks, being calendars, guide books, maps and postcards, is held. These are not included in the balance sheet, as the cost is written off in the year of purchase. The chair estimated the value of stock as at 31 October 2020 as £2,500 (31 October 2019: £500).

Amounts owing to the charity at 31 October 2020 (31 October 2019) are shown as debtors less provision for amounts that may prove uncollectible.

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THE FRIENDS OF BROMPTON CEMETERY

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 OCTOBER 2020

2 INCOME AND ENDOWMENTS

			Total Funds	Total Funds
	Unrestricted	Restricted	2020	2019
	Funds	Funds	(12 months)	(11 months)
	£	£	£	£
2(a) Donations and legacies
Transfer of assets from former charity	-	-	-	376,866
Subscriptions	3,952	-	3,952	2,682
Donations	2,084	-	2,084	-
Donations – in memoriam	861	-	861	-
	_____	____	_____	_
	£6,897	£NIL	£6,897	£379,548
2(b) Charitable activities
Receipts from Open Day	-	-	-	2,582
Sale of literature and postcards	1,408	-	1,408	217
Sale of calendars	799	-	799	-
Receipts from guided tours	321	-	321	3,720
Receipt from lectures	-	-	-	410
Receipt from London Month of the Dead	-	-	-	3,614
Receipt from concert	500	-	500	-
Receipt from The Royal Parks towards volunteers	288	-	288	-
	_____	____	_____	______
	£3,316	£NIL	£3,316	£10,543
2(c) Investments
Bank and deposit interest and refunds	131	-	131	-
Income from investments
- Charifund	9,420	-	9,420	2,216
- Charibond	3,871	-	3,871	941
	______	____	______	_____
	£13,422	£NIL	£13,422	£3,157
Total income	£23,635	£NIL	£23,635	£393,248

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THE FRIENDS OF BROMPTON CEMETERY

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 OCTOBER 2020

3 EXPENDITURE

				Total Funds
	Unrestricted	Restricted	2020	2019
	Funds	Funds	(12 months)	(11 months)
	£	£	£	£
3(a) Raising funds
Expenditure on Open Day	-	-	-	925
Cost of literature	160	-	160	3,163
Cost of calendars	2,242	-	2,242	-
	_____	____	_____	_____
	£2,402	£NIL	£2,402	£4,088
3(b) Charitable activities
Grants and donations:
Donation - concerts	-	-	-	380
Bulb planting in Brompton Cemetery	1,925	-	1,925	-
Guided tour	250	-	250	-
Insurance	271	-	271	-
Cost of magazines	2,206	-	2,206	920
Cost of research	98	-	98	-
Farewell present to Chairman	1,072	-	1,072	-
Administration:
General administration	2,428	-	2,428	479
Website design and maintenance	752	-	752	377
Paypal costs	84	-	84	50
Equipment costs	160	-	160	241
Catering costs	790	-	790	291
Bank charges	83	-	83	6
Memberships & subscriptions:
National Federation of Cemetery Friends	20	-	20	-
Royal Parks Guild	10	-	10	-
Mausolea & Monuments	36	-	36	-
ASCE	22	-	22	-
	______	____	______	_____
	£10,207	£NIL	£10,207	£2,744
3(c) Governance and other professional costs
Legal costs regarding incorporation	990	-	990	1,320
Independent examiner’s remuneration	300	-	300	375
	_____	____	_____	_____
	£1,290	£NIL	£1,290	£1,695
Total expenditure	£13,899	£NIL	£13,899	£8,527

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THE FRIENDS OF BROMPTON CEMETERY

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 OCTOBER 2020

4 FIXED ASSETS

Investment assets

	Charifund – Equities	Charibond	Total Funds
	Investment Fund for	Charities Fixed
	Charities	Interest Common
		Investment Fund
		Accumulation
		Shares
	£	£	£
Market value at 1 November 2019	182,358	168,402	350,760
Purchases – dividend distributions	9,420	3,871	13,291
Disposals	-	-	-
Unrealised gains / (losses)	(50,101)	1,341	(48,760)
	_	_	_
Market value at 31 October 2020	£141,677	£173,614	£315,291

These investments were valued by M&G Investments as at 31 October 2020.

5 ANALYSIS OF NET ASSETS BY FUND

Unrestricted Funds Restricted Funds 31 £ £ Fixed assets 315,291 - Current assets 40,244 - Current liabilities (750) - _ ____ £354,785 £NIL	Total October 31 October 2020 2019 £ £ 315,291 350,760 40,244 43,798 (750) (750) _ _ £354,785 £393,808

6 DEBTORS

	31 October 2020	31 October 2019
	£	£
Accrued income	-	3,614
Other debtors	-	146
	____	_____
	£NIL	£3,760

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THE FRIENDS OF BROMPTON CEMETERY

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 OCTOBER 2020

7 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR

	31 October 2020	31 October 2019
	£	£
Creditors for goods and services:
Goods and services	-	-
Other creditors	750	750
	____	____
	£750	£750

8 FUND DETAILS

	31 October 2020	31 October 2019
	£	£
General Fund (unrestricted)	354,785	393,808
Restricted fund	-	-
	_	_
	£354,785	£393,808

9 TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES

Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits from an employment with The Friends of Brompton Cemetery.

Trustees’ expenses

No trustee expenses have been incurred.

Transactions with related parties

There have been no related party transactions in the reporting period.

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