THE INTERNATIONAL FEDERATION OF AROMATHERAPISTS
A COMPANY LIMITED BY GUARANTEE
REPORT AND FINANCIAL sfATEMEN15
FOR THE YEAR ENDED 31 DECEMBER 2023
BOYDELL & CO
Chartered Accountants
146B Chiswick High Road
London
W4 IPU
Charity number: 1165766
Company number: 09732439

CONTENTS
Company inforniation
Report of the Executive Committee
2-5
Report of the Independent Examiner
Statement of Financial Activities
Balance sheet
Notes to the Financial Statements
9-14

THE INTERNATIONAL FEDERATION OF AROMATHERAPISTS
COMPANY INFORMATION
EXECUTIVE COMMITfEE
Josie Donaldson (Chair)
Anne Andenaes
Trevor Dwyer
Catherine Jacobs
Rui Parkinson
Jon Tay Seng Tong
Kyoto W(x)d
COMPANY NUMBER
09732439
CHARITY NUMBER
1165766
REGISTERED OFFICE
146 South Faling Road
London
W5 4QL
INDEPENDENT EXAMINER
Malcolm Barry Boydell FCA
Chartered Accountant
146B Chiswick High Road
London
W4 IPU

THE INTERNATIONAL FEDERATION OF AROMATHERAPISTS
REPORT OF THE EXECLrrtVE COMf¥llThEE
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees, who are also directors of the charitable company for the purposes of the Companies
Act, submit their annual report and the independently examined financial statements of the
charitable company for the year ended 31 December 2023.
The financial statements comply with the Charities Act 2011, the Companies Act 21M)6, the
Memorandum and Articles of Ass(Kiation 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 (FRS 102) (effective I
January 2015).
PURPOSES AND AIMS
The charity had been operating for many years as an unincorporated entity (charity registration
number 327290) but these activities were taken over by the new charitable company from l April
2016. The assets and liabilities of the unincorporated charity were taken over on this date. The
company was incorporated (company number 09732439) on 13 August 2015 and registered with
the Charity Commission (re8. number 1165766) on 25 February 2016. The charitable cornpany is
governed by its Memorandum and Articles of Associatio
There are currently 7 members of the charitable company. All members agree to contribute £1 in
the event of the company winding up.
The objects of the Federation are the preservation of health by advancing the knowledge, practi
of and expertise in aromatherapy by educatiorn teachin& research and training.
The thair of the Trustees is nominated and elected by the Board of Directors at the first council
meeting after the AGM. New members are nominated by the Trustees and selected for
appointment by the Trustees.
New Trustees undergo a period of induction to brief them of their legal obligations under Charity
and Company Law, the content of the Memorandum and Articles of Association and the decision-
making processes.
RISK MANAGEMENT
The trustees have examined the major strategic, business and operational risks which the charity
faces and confirni that systems have been established to enable regular reports to be produced so
that the necessary steps can be taken to lessen these risks.
RESERVES POLICY
It is the policy of the charity to maintain unrestricted funds. which are the free reserves of the
charity. at a level, which equates to approximately six months unrestricted expenditure. This
provides sufficient funds to cover management and administration and support costs.

THE INTERNATIONAL FEDERATION OF AROMATHERApFrs
REPORT OF THE EXECLrrivE COMMrrrEE
FOR THE YEAR ENDED 31 DECEMBER 2023
CONTINUED
FINANCIAL REVIEW
The charity recorded a surplus of a73,646 for the year (2022: surplus of £83,811) resulting in total
reserves of £1,297,240 at 31 December 2023 (2022: £1.123.594). All reserves are unrestricted.
ACTtVlTIES
The accounts show a good year with an increase of revenue, this is due to a steady increase of
exams annually which has resulted in an expansion of membership. *hooIs have all benefited by
instructor-led training within their courses. ensuring the calibre of IFA teachers are of the highest
Standard. We intend to arranse this type of training annually.
Due to Covid the overseas schools and members had not been vxsited for several years. We
attended two exhibitions during the year 'The Diet and Beauty Show 'Tokyo Uapan) and
'Cosmoprof' (Hong Kong) surrounding this event we organised regional meeting and workshops
to support our members continual professional development programme5. Both these platforms
allowed us important public relations opportunities to showcase our members and research
projects. We have since been invited to be interviewed for various magazines internationally. We
also organised our National 'Aromatherapy Awarene&s Week, in the 2nd week of June, this was
well received with health centres, clinic, hospices and care homes promoting Aromatherapy.
For 2023 we sponsored Mandeville Special Needs school where the children are severely disabled
with multiple disorders. We tsught the line managers how to introduce aromatherapy into the
classrooms, further training will take place in 2024 for continuity. We also SUPPOTted our yearly
Christmas Crisis project for the homeless again, which involved our local communities.
We invested and collaborated with Northumbria University during 2022 on two of three research
projects. The first research project tested the IFA chosen blend of essential oils against the
biomarkers markers of stress, which scientifically proved to reduce stress and improve mental
health. These findings are being submitted for publication in various medical journals. We are
waitins for the results of the second project using the Same blend but using C02 plant extracts
these will be compared with the traditionally extracted 0115. Members of the public and our
aromatheraplsts have participated in iK)th trials.
We continue to be accredited by the Professional Standards Authority (PSA), a UK body
accountable to parliament and are an active member of the PSA Collaborative group and
Integrated Health Collaboration (IHQ. We are also a verifying organisation of aromatherapists
for the Complementary and Natural Healthcare Council (CNHC) and consultants for Nationa]
Institute and Care Excellence (Nice). This enables US to ensure our members are at the forefront of
developments in the field and to represent our members interests collectively before Government
bodies. We also continue to be recommended by the NHS. UK Government National Careers
Office and Universities and Colleges Admissions Office (UCAS) and our journal registered with
the British Library.

THE IKTERNATtONAL FEDERATION OF AROMATHERAPISTS
REPORT OF THE EXECUTtVE COMMITTEE
FOR THE YEAR ENDED 31 DE￿MBER 2023
CONTINUED
DIREcfoRS AND TRUSTEES
The directors of the charitable company are its trustees for the purEK)ses of charity law. The
trustees serving during the year and since the year end were as follows..
Directors and Trustees:
Anne Andenaes
Josie Donaldson
Trevor Dwyer
Catherine Jacobs
Rui Parkinson
(appointed 20 May 2023)
Jon Tay Seng Tong (appointed 28 April 2023)
Kyoto Wood
(appointed 28 April 2023)
Sara Hawkins
Alison Savage
Martyn Yates
(resigned 20 May 2023)
(resigned 20 May 2013)
(resigned 20 May 2023)
TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The Trustees (who are also the directors of the International Federation of Aromatherapists for the
purposes of company law) are responsible for preparing the Trustee's annual report and the
financial statements in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Prartice).
Company law requires the T￿￿tee$ to prepare financial statements for each financial year whAch
give a true and fair view of the state of affairs of the charitable company and of the incoming
resources and application of resources, including the income and expenditure, of the company for
that period. In preparing those financial ststements, the Trustees are required to:
select suitable accounting policies and apply them consi5tentiy;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any
material departures disclosed and explained in the fAnancial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the company will continue in business.

THE INtERNATIONAL FEDERATION OF AROMATHERAPISTS
REPORT OF THE EXECUTIVE COMMITfEE
FOR THE YEAR ENDED 31 DECEMBER 2023
CONTINUED
IRUSTEES. RESPONSIBILITIFS IN RELATION TO THE FINANCIAL STATEMENrs
CONTINUED
The Trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the charity and to enable them to ensure that the
financial statements comply with the Companies Act 21X)6. They are also responsible for
safeguarding the assets of the tharity 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 charitsble company s website. l£gislation in the United Kingdom
governing the preparation and dissemination of financial statements may differ from legislation in
other jurisdictions.
In accordance with company law, as the charitable company Trustees, we certify that:
so far as we are aware, there is no relevant inforniation of which the charitable company's
independent examiners are unaware; and
as the Trustees of the charitable company have taken all the steps that we ou8ht to have taken
as directors in order to make ourselves aware of any relevant information and to establish
that the company's independent examiner is aware of that information.
INDEPENDENT EXAMINER
The trustees consider that for the year ended 31 December 2023 the company was entitled to
exemption from a statutory audit under section 477 of the Companies Act 2006. Under the
provisions of the Act, the directors have appointed Mr Malcolm Barry Boydell FCA, as Independent
Examiner.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies
Act 2c￿6 relating to small companies.
ON BEHALF OF THE TRUSTEES:
sie Donaldson
2024
146 South Ealing Road
London
W5 4QJ

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEFS ON THE UNAUDITED ACCOUNTS OF
THE INTERNATIONAL FEDERATION OF ARONffHERAPISTS
GUARANTEE
A COMPANY LIMrrED BY
FOR THE YEAR ENDED 31 DECEMBER 2023
I report on the accounts of the company for the year ended 31 December 2023 which are set out on
pages 7 to 14.
Res
ective re5
onsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are
responsible for the preparation of the accounts. The trustees consider that an audit is not required
for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent
examination is needed.
Having satisfied myself that the charity is not subj'ect to audit under company law and is eligible
for independent examination, it is my responsibility to:
examine the accounts under section 145 of the 2011 Art;
to follow the procedures laid down in the general Directions given by the Charity Commission
under section 145(5)(b) of the 2011 Act: and
to state whether particular matters have come to my attention.
Basis of inde
endent examiner's re
rt
My examination was carried out in accordance with the general Dirertions given by the Charity
Commission. An examination 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
concerning any such matters. The procedures undertaken do not provide all the evidence that
would be required in an audit and consequently no opinion is given as to whether the accounts
present a 'true and fair Vie￿ and the report is limited to those matters set out in the statement
below.
Inde
endent examinerfs statement
In connection with my examination, no matter has come to my attention:
(l) which gives me reasonable cause to believe that in any material respect the requirements:
(a) to keep accountins records in accordance with section 386 of the Companies Act 2006: and
(b) to prepare accounts which accord with the accounting records, comply with the accounting
requirements of section 386 of the Companies Act 2(￿￿ and with the methods and principles
of the Statement of Recommended Practi￿. Accounting and Reporting by Charities have not
been met; or
(2) to whicll in my opinion, attention should be drawn in order to enable a proper understandilig
of the accounts to be reached.
Malcolm Barry Boydell FCA
Chartered Accountant
146 B Chiswick High Road
London
W4 IPU
2024

ThE INrtERNATIONAL FEDERATtON OF AROMATHERAPtSTS
STATEMENT OF FINANCIAL A￿1v1T1Fs
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Note
Incomin
Resources
Membership
Examinations
Registration of schools
Booklets and leaflets
Gift Aid - covenanted income
Magazine
Workshops
Other income
Net investment income/
(charge)
302,956
205,610
37Jg)
3,141
3,037
I,iii
18,650
261,643
163.454
39.651
4.740
3.602
1.599
15.521
8,193
(7,028)
Total incomins resources
483,182
Resources Ex
ended
Cost of generating funds..
Fundraising expenses
Charitable expenditure:
Direct charitable
expenditure
Management and
administration
109,629
IfJ,717
306,786
268.326
Total resources expended
416,415
362,043
Net surplus for the year
163053
121,139
Value adjustments in respect of
investments - unrestricted
9,793
(37,328)
Total surplus for the year
173.646
83.811
Fund balances brought forward
1.123594
1,039,783
Fund balances carried forward
£ 1,297,240
£ 1,123,594
The notes on the following pages form an integral part of these financial statements.

THE INTERNATIONAL FEDERATION OF ARoMATHE1￿PlsTS
BALANCE SHEET AT 31 DECEMBER 2023
Note
2023
2022
FIXED ASSETS
Tangible assets
320,512
328,143
320,512
328,143
CURRENf ASSE15
Debtors and prepayments
Investments
Cash at bank
3.951
361,463
617.6n
17,340
344,032
469,210
983,085
830.582
CREDITORS: amounts falling due
within one year
(6J57)
(35,131)
NET CURRENT ASSETS
976,728
795,451
TOTAL ASSE15
£ 1.297,240 £ 1,123,594
Represented by:
uNRESfRI￿ED FUNDS
io
£ 1,297,240 £ 1,123,594
For the financial period ended 31 December 2023 the company was entitled to exemption from audit
under section 477 Ismall company exemption] Companies Act 21x16; and no noti￿ has been
deposited under section 476 [membeT or members requesting an audit].
The trustees acknowledge their resporLSibilities for ensuring that the company keeps accounting
records which comply with s. 386 and for preparing accounts which give a true and fair view of the
stste of affairs of the company as at the end of the financial year and of its surplus or deficit for the
financial year in accordance with the requirements of sections 394 and 395 and which otherwise
comply with the requirements of the Companies Act 2(KK) relating to accounts. so far as applicable
to the company.
The financial statements have been prepared in accordance with the special Provisions of Part 15 of
the Companies Act 2(KNfj relating to small companies.
The financial statements were approved by the Trustees on
2024.
Josie Donaldson
The notes on the following pages form an integral part of these financial statements.

THE INTERNATIONAL FEDERATION OF AROMATHERApisrs
NOTES TO THE FINANCIAL ￿ATEmENTs
FOR THE YEAR ENDED 31 DECEMBER 2023
I. ACCOUNTING POLICIES
Statutory information
The International Federation of Aromatherapists is a private company. limited by guarantee,
and domiciled in England and Wales. It has a Companies House registration number 09732439
and is registered at the Charity Commission under reststration number 1165766.
The Federation's resistered office is 146 South Ealing Road, London, W5 4Ql.
Staternent of compliance
The Federation's financial statements have been prepared in accordance with the provisions of
the Accounting and Reportins by Charities: Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reportin8 Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019) - (Charities
SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) (as amended by SORP update bulletin I conceming the non-disclosure of a cashfiow
statement), the Companies Act 2006 and the Charities Act 2011.
There were no material departures from the standard or acts.
The International Federation of Aromatherapists 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 notes.
Goin
concern
The Trustees have reviewed the Federation's financial position and considered the impact of
future activities, including the impact of the COVID 19 pandemic, to ensure it is approprxate to
produce the accounts on a soing concern basis.
Tan
ible fixed assets
Long leasehold buildings are depreciated at an annual rate of 2% on a straight-line basis.
Other financial irLStruments
Other financial instruments which include investments in equity instruments are initially
measured at fair value, which is normally the transaction price. Such assets are subsequently
carried at fair va]ue and the changes in fair value are recognised in the Statement of Financial
Activities, except that investnients in equity instruments that are not publicly traded and
whose fair values may not be measured relxably are measured at cost less impainnent.
Financial assets, other than those held at fair value, are assessed for indicators of impairment at
each reporting end date.
Turnover
Turnover represents predominantty world-wide membership fees receivable.

10.
THE INfERNATIONAL FEDERATION OF AROMATHERAPIS15
NOTFS TO THE FINANCIAL sfATEMEN15
FOR THE YEAR ENDED 31 DE￿MBER 2023
CONfINUED
l. AccouNfiNG POLICIES
Value Added Tax
Value Added Tax is not recoverable by the charity and as such is induded in the relevant costs in the
Statement of Financial Activities.
Unrestricted Funds
Unrestricted funds are donations and other incoming re8ouTces receivable or generated for the objects of
the charity without further specified purpose and are available &$ general funds.
Restricted Funds
Restricted funds are to be used for speclfic purposes as laid down by the donor. Expenditure which
meets these criteria is charged to the fund, together wlth a fair allccation of management and support
costs.
2. NET INV
INCOME
CHARGES
2023
2022
Interest on cash deposits
Other interest received
Dividends received
Other income distributions
(Loss) on disposal of investments
Investment charges
478
4,404
6,601
669
(1,468)
(2,491)
ioi
3,092
5,878
495
(13,8481
(2,746)
£ 8.1¥3
£ (7,028)
3. DIRECT CHARITABLE EXPENDfTURE
2023
2022
Translation costs
Magazines
Books purchased for resale
Booklets, le￿ets and directories
Exhibitions and meetings
Examinations
Miscellaneous costs
Patents and tradernark8
Research costs (Universlty of Northumbria)
UK conference costs
Workshop costs
Charity projects
7,933
11,968
4,185
14,170
273
40,912
243
26,202
591
43,140
44,1
423
1.925
1793
£ IIY3,629
£ 93,717

ii.
IHE INTERNATIONAL FEDERATION OF AROMATHERAPISTS
NOTFS TO THE FINANCIAL STATEMENrs
FOR THE YEAR ENDED 31 DECEMBER 2023
CONTINUED
4. MANAGEMENT AND ADMINISTRATION EXPENDITURE
2023
2022
Note
Gross salaries
Other staff costs
Staff training and recruitment
Office heating, lighting and council tax
Office telephone and intemet
Website
Postage, printing and stationery
Travel, accommodation and
council expenses
Property service charges and insurance
Advertising, PR and UK entertainins
Bank charges
Book-keeping and accountancy
Professional Standards Authority
Other association5
Independent examiner's fee
Repairs and low value assets
Computers and IT maintenance
Depreciation - leasehold property
Photocopier rental
162,357
3,831
156,808
3,856
2,167
3.923
6,143
5.657
43.597
43.953
31,098
7.824
534
8.744
6,598
11,708
1,169
3,780
2,780
5,891
7,631
3,154
2,746
1,295
7,383
3,608
11,503
1,127
3,780
2,091
5,042
7,631
5,703
£ 306,786
£ 268226
5. OPERATING SURPLUS
Operating surplus is shown after charging:
2013
2022
Depreciation on tangible fixed assets
£ 7,631
£ 7.631

12.
THE INfERNATIONAL FEDERATION OF AROMATHERAPlSt5
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2(Y13
CONTINUED
6. STAFF COS15
2023
2022
Gross wages and salaries
Social security costs
Pension costs
140,921
9,435
12,(Kll
135,459
10,552
10,797
£ 162357
£ 156,808
No Trustee received any remuneration during this or the previous year in their capacity as a
trustee. One employee Teceived remuneration between £60,(K)l and £65,000 (2022: one
employee).
The average number of staff employed by the charity during the year was as follows:
2023
2022
Direct charitable work
7, TANGIBLE FIXED ASSE15
Leasehold
Property
COST
At l January and 31 December 2023
381,560
DEPRECIATION
As at l january 2023
Charge for the period
53,417
7.631
As at 31 December 2023
61,048
NET BOOK VALUE
As at 31 December 2023
£ 320.512
As at 31 December 2022
£ 328,143

13.
THE INTERNATIONAL FEDERATION OF AROMATHERAP1515
NOTFS TO THE FINANCIAL sfATEMEW15
FOR THE YEAR ENDED 31 DECEMBER 2023
coNriNUED
8. CURRENT ASSET INVFsfMENTS
2023
2022
Listed investments
£ 361,463
£ 344,032
At the reporting date, listed investments held with Quilter Cheviot Limited are held at their
market value. in accordance with their valuation report prepared by Quilter Cheviot.
9. CREDITORS: Amounts fallin
due within one
ear
2023
2022
Trade CTeditors
Accruals
Social security and other taxes
Income received in advance
1,666
3,780
911
27,613
3,780
£ 6J57
£ 35,131
10. ACCUMULATED FUND - UNRESTRIcfED
2023
2022
Balance at I January 2023
1,123,594
1,039,783
Excess of income over expenditure for the year
173,646
83,811
Balance at 31 December 2023
£ 1,297,240
£ 1,123,594
11. RELATED PARTIES
There are no related party transactions to report, other than the remuneration earned by the
Federation's employees.
12. OTHER FINANCtAL COMMTfMEW15
At 31 December 2023 the Federation had no annual comniitments under non-cancellable
operating leases.
13. CONTENGENT LIABILITIES
At 31 December 2023 the Federation had no contingent liabilities.

14.
THE INTERNATIONAL FEDERATION OF AROMATHERAPISTS
NOTES TO THE FINANCIAL sfATEMENrs
FOR THE YEAR ENDED 31 DECEMBER 2023
CONTINUED
14. OFF BALAN￿ SHEET ARRANGEMENTS
There are no material off-balanee sheet arrangements to disclose.
15. EVENTS SINCE THE BALANCE SHEEf DATE
There are no events on which to report.
16. FINANCIAL INSTRUMENTS
Other than its investments, the Federation has no other financial instruments than basic
financial instruments.
17. TRUSTEES. ADVANCES CREDIT AND GUARANTEES
There were none made during the year.