OpenCharities

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

2021-03-31-accounts

Charity number 209978 Company number 183397

THE CREMATION SOCIETY OF GREAT BRITAIN

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2021

THE CREMATION SOCIETY OF GREAT BRITAIN

CONTENTS

Page
General information 1
Report of the Council 2-12
Independent Auditor's Report 13-15
Consolidated Statement of Financial Activities 16
Entity Statement of Financial Activities 17
Consolidated Balance Sheet 18
Consolidated Cash Flow Statement 19
Notes To The Accounts 20-33
The following pages do not form part of the statutory financial statements;
The Cremation Society of Great Britain
Statement of Financial Activities 34
Balance Sheet 35
Schedule of income 36
Schedule of expenditure 37-38
Schedule of investments 39

THE CREMATION SOCIETY OF GREAT BRITAIN

REPORT OF THE COUNCIL

1. GENERAL INFORMATION

The Cremation Society is a registered charity, not conducted for profit, and was originally founded in 1874 by Sir Henry Thompson, Bart. The Society was incorporated in 1922 under the Companies Act as a body limited by guarantee, and without a share capital.

Honorary President

Lord de Mauley

Vice Presidents

Ulf Lagerstrӧm, LLM The Reverend Professor Douglas J Davies FBA

Honorary Treasurer

Mr R D Clarke (appointed 20 January 2021)

Council

Lord de Mauley Professor H J Grainger OBE (Chair) Mr H Thomas CBE Reverend Dr P C Jupp (resigned 24 September 2021) Mr C F Rickman Professor H A Conway Mr A Mallalieu Mrs D A Kerslake Mr R Powell Mr R D Clarke (appointed 20 January 2021)

Executive Officer & Secretary

Mrs W Buchan (appointed 1 February 2021) Mrs M L Deacon (resigned 6 November 2020)

Registered Office

Brecon House, Albion Place, Maidstone, Kent ME14 5DZ Telephone: 01622 688292 Fax: 01622 686698 Email: info@cremation.org.uk Website: www.cremation.org.uk

Auditors

Begbies Old Printers House Stone Street Cranbrook Kent TN17 3HF

Solicitors

Geldards LLP Dumfries House Dumfries Place Cardiff CF10 3ZF

Bankers

National Westminster Bank plc Regent Street London

Registrations

Charity registered number 209978 Company registered number 183397

Page 1

THE CREMATION SOCIETY OF GREAT BRITAIN

REPORT OF THE COUNCIL

2. OBJECTIVES AND ACTIVITIES

The Society was founded in 1874 by Sir Henry Thompson, Bart to promote a more sanitary, reverent and inexpensive method of disposing of the dead. The Society’s current charitable objectives are:

Objectives

The impact of COVID

The COVID pandemic has dominated the funeral sector during the period under review and has required a diversion of time and resources in ensuring that priority was given to COVID-related issues, including ongoing publications of guidance, involvement in DMAG/Cabinet Office meetings and reporting on activities within the sector, in response to the pandemic. This has undoubtedly resulted in some plans being postponed or reevaluated, until such time as the usual activities of the Society resume.

Strategies

The Trustees have had due regard to the Charity Commission’s public benefit guidance when exercising any powers or duties to which the guidance is relevant.

Council members undertake a review of the Society’s strategy every three years to ensure the Society’s objectives are being met and to ensure that the Society’s activities remain relevant and aligned to its objectives. Under its current strategic plan, the Society included the following strategies to achieve its charitable objectives:

Page 2

THE CREMATION SOCIETY OF GREAT BRITAIN

REPORT OF THE COUNCIL

Future Aims

Looking ahead the Society plans to:

3. ACTIVITIES AND PERFORMANCE

a. External Representation

The Society is represented by its Council members or its Executive Officer on a number of external groups, which enable the Society to pursue its charitable objectives. These include:

Deceased Management Advisory Group (DMAG)

DMAG was formed in March 2020 when the government met with representative bodies from the death care sector regarding the COVID-19 outbreak. The Group is formed of representatives from the National Association of Funeral Directors (NAFD), National Society of Allied and Independent Funeral Directors (SAIF), Institute of Cemetery and Crematorium Management (ICCM), Federation of Burial and Cremation Authorities (FBCA), Funeral Furnishing Manufacturers’ Association (FFMA), Association of Private Crematoria and Cemeteries (APCC) and the Cremation Society.

Throughout the pandemic the Group has worked together to ensure accurate and timely communication with government departments, DMAG members’ respective members and the wider funeral sector. DMAG members continue to meet online on a regular basis, joined by government representatives. In addition to regular online meetings, DMAG members continue to participate in regular meetings with Cabinet Office, whilst the pandemic continues.

DMAG continues to provide an active website which provides ongoing updates on changes in guidance from across UK governments, as well as reporting on the activities of DMAG generally. The Cremation Society maintains the website and the DMAG Twitter account on behalf of the Group.

Page 3

THE CREMATION SOCIETY OF GREAT BRITAIN

REPORT OF THE COUNCIL

All-Party Parliamentary Group for Funerals and Bereavement

The Society, along with its fellow DMAG members, became associate members of the APPG for Funerals and Bereavement in October 2020. Due to the immediate issues facing the cremation and burial sectors in the midst of the pandemic, the APPG immediately highlighted issues including the lack of acknowledgement of cemetery and crematoria staff as key workers for the purposes of vaccination; the reinstatement of VAT exemption on PPE; the issues facing cemetery, crematoria and funeral staff in the event of large gatherings at funerals, in breach of government restrictions; and the need for greater cross-governmental co-ordination.

Mrs Wendy Buchan and Mr Colin Rickman represent the Society at APPG meetings.

Environmental Stewardship Group (ESG)

The ESG was formed in late 2020 with the Society working with the ICCM, FBCA and the CDS Group, as the ESG’s core members. The intention of the ESG is to provide a lead in the funeral sector in addressing the challenges brought about by the climate emergency. The Society continues to consider its environmental responsibilities and how best it can address these both as an individual organisation and in the practice of cremation generally.

Crematoria Abatement of Mercury Emissions Organisation (CAMEO)

As part of its commitment to its environmental responsibilities, the Society continues to work with its FBCA colleagues in the ongoing provision of the CAMEO scheme, with Professor Grainger representing the Society, as one of the CAMEO directors. It is intended that CAMEO Limited will continue to operate to carry through the successful Burden-Sharing Scheme for Mercury Emission Reduction.

Churches’ Funerals Group

The Society is represented on the Churches’ Funerals Group (CFG) by Debbie Kerslake who took over from the Revd Dr Peter Jupp. The CFG is chaired by the Right Reverend Christopher Foster, Bishop of Portsmouth. The CFG acts as an advisory group to co-ordinate policy in connection with the administrative and pastoral aspects of funeral services at cemeteries and crematoria and represents the Churches in negotiations or discussions with Central Government, local authorities and other organisations connected with funerals and care of the bereaved. The CFG has representatives from the Church of England, the major churches, the NAFD, SAIF, ICCM and Quaker Social Action.

As a result of the pandemic the four meetings held between June 2020 and June 2021 have all been held virtually. Among the issues and subjects the group have discussed this year have been the impact of Covid19 on funerals and memorial services, minimum standards for public health funerals, the development of a new CFG website, training and direct cremation.

The group is promoting the Cremation Society’s News Review.

There has been less activity by Council members representing the Society during the year, due to COVID restrictions. The Society is represented at the following external groups where it aims to promote cremation practice and improve best practice generally, as well as the ongoing work of the Society where appropriate. Meetings have been postponed during the year, due to pandemic:

Page 4

THE CREMATION SOCIETY OF GREAT BRITAIN

REPORT OF THE COUNCIL

b. Public and Sector Education

o Educational Events

Cremation and Burial Communication and Education (CBCE) Virtual 2021

The in-person event was due to be held at the Hilton, Ageas Bowl, Southampton from 21[st] to 23[rd] June 2021. Due to ongoing social distancing restrictions as a result of the COVID-19 pandemic, the in-person event was postponed until June 2022.

In order to continue to provide the sector with updates from across the sector, the Society, working with its colleagues at the Federation of Burial and Cremation Authorities (FBCA) took the decision to provide a free-to-attend one-day CBCE Virtual 2021 event and this took place on 23 June 2021.

The theme of the event was ‘Reflecting on the challenges, preparing for the future’ which provided an opportunity for speakers to address their experiences of the COVID-19 pandemic, as well as to consider changes in practices for the future, particularly with the environment in mind.

The online event attracted approximately 160 attendees, including attendees from New Zealand, Sweden and India.

The speakers’ papers will be published in future issues of the Society’s Pharos International publication, where permission allows.

o Publications

The Society produces a number of publications which are either available to view freely via the Society’s website or to purchase. These include:

The Society’s annual Directory of Crematoria holds detailed information about crematoria in Great Britain and the Republic of Ireland. It is the definitive publication of its kind with 300 copies printed annually.

Page 5

THE CREMATION SOCIETY OF GREAT BRITAIN

REPORT OF THE COUNCIL

Other publications include ‘Questions Ask about Cremation’, ‘May Catholics Choose Cremation?’ and the ‘Directory of Pet Crematoria’. The Society intends to publish a new publication addressing the subject of Catholics and cremation, in late 2021.

As part of its commitment to reduce its environmental impact, the Society is researching the possibility of providing these publications in an on-line format where requested.

Online

The Society provides online resources and communications via its website, a monthly news review and its Twitter page:-

 Website

The Society’s website can be accessed at www.cremation.org.uk and provides free access to material on all aspects of cremation in the UK, including providing the central repository of national and international cremation statistics. At the beginning of the COVID-19 pandemic, a dedicated COVID-19 news update webpage was added.

 Newsletter and Twitter

The monthly news review is circulated to over 1600 recipients worldwide and includes the Society’s own news as well as updates on government legislation, crematoria planning updates, as well as national and international cremation news. The newsletter is free-to-view and can be subscribed to via the Society’s website. The Society promotes all cremation news updates, including publicising the Society’s own news, on its Twitter page which has just over 760 followers.

Page 6

THE CREMATION SOCIETY OF GREAT BRITAIN

REPORT OF THE COUNCIL

Statistics

The Society carries out an annual survey of all crematoria across the British Isles, which includes numbers of cremations per crematorium, cremation fees, and provisions of crematoria facilities and services. National and international cremation statistics are published on the Society’s website and a full report on the data gathered, is published in a dedicated statistics issue of Pharos International. The statistics have been used by the Competition and Markets Authority as part of their Funerals Market Investigations, as well as being provided to government departments particularly during the pandemic. The Society relies on the goodwill of crematoria in providing their information and cremation numbers. The Council would like to record its thanks to all who provided their information, enabling a full report to be published based on a 100% response.

Public and Sector Engagement

 Enquiries

The Society regularly fields enquiries from members of the public and funeral sector colleagues covering many issues, from disputes over the entitlement to ashes, to bariatric cremations. During the period of the pandemic, many enquiries related to the limit on numbers of mourners, face masks and other COVID-related restrictions.

 Archives

The Society’s Archives are stored at the University of Durham’s Palace Green Library (Special Collections Section). Details of the collection can be found via the Society’s website at www.cremation.org.uk/archives

4. FINANCIAL REVIEW

The Group results for the year are shown in the consolidated summary income and expenditure account and the consolidated statement of financial activities. The net increase in funds of the Group for the year was £1,086,348 as compared with an increase of £91,891 for the previous year.

Page 7

THE CREMATION SOCIETY OF GREAT BRITAIN

REPORT OF THE COUNCIL

Brecon House

The property provides a significant income for the Society and following the vacation of the third floor by previous tenants in November 2018, the Society has seen a reduction in its rental income. The ground floor and second floor were rented by tenants until 1 September 2021. The property will be kept under review as the commercial rental market has altered significantly in the wake of the pandemic and changing working patterns. The current intention is to fully re-let all vacant floors.

Messrs Watson Day, Chartered surveyors, act as the Society’s property managers advising the Society on all aspects of its responsibilities.

The Society intends to undertake an environmental assessment of its own offices to be carried out, in order that improved working practices can be explored, with its environmental responsibilities in mind.

Investments

The Society’s investment portfolio is managed by Sarasin & Partners. A formal review presentation is made to the Council at least once during the year by the Investment Fund Manager. The latest presentation was given at the Council Meeting held on 30 April 2019. On the advice of the Society’s investment managers, the income distribution from the portfolio has been reduced since the financial year end and will be kept under review.

Subsidiary company - The London Cremation Company plc

The charity is the major shareholder in The London Cremation Company plc, a company registered in England, which owns and operates crematoria at Golders Green and St. Marylebone in London, Woking St. John’s in Surrey, Banbury in North Oxfordshire and the Garden of England (Sittingbourne) and Thames View (Gravesend) both situated in Kent.

During the year under review the Company’s profit before taxation amounted to £1,413,156. In the previous year the profit before taxation amounted to £464,443. The Company carried out 10,616 cremations during the year, an increase of 1,350 (14.6%) on the previous year.

Market value of subsidiary’s freehold and leasehold land and buildings

In the opinion of the Directors of The London Cremation Company plc, the market value of the freehold and leasehold land and buildings of the subsidiary is considerably in excess of the net book value of £9,802,862. In the absence of a professional valuation of all the properties the Society’s Council is unable to quantify that excess.

Reserves policy

The charity has adequate reserves to sustain its activities of educating the public and developing best practice in the disposal of the bodies of dead persons. The Trustees aim to keep the income and expenditure of the charity before revaluations in balance; the net income for the last year was £27,213 compared with a net loss of £59,669 in the previous year.

Page 8

THE CREMATION SOCIETY OF GREAT BRITAIN

REPORT OF THE COUNCIL

5. FUTURE PLANS

The Society’s ongoing plans include:-

6. STRUCTURE, GOVERNANCE AND MANAGEMENT

The Society is a registered charity and a company limited by guarantee. It is governed by its Memorandum and Articles of Association dated 26 July 1922 as amended on 14 October 2004, 17June 2008 and 10 October 2018.

Governance

The Society’s Council currently comprises of nine members whose skills and knowledge cover a wide range of aspects of the cremation, funeral and bereavement sectors. Appointments to the Council are on the basis of need identified by Council members and the Council acknowledges the need for diversification in its appointments. Council members serve for a term of three years after which they are eligible for re-election. The Council meets five times each year and all meetings have been held online during the period of the pandemic.

Page 9

THE CREMATION SOCIETY OF GREAT BRITAIN

REPORT OF THE COUNCIL

The Society appointed Mr Richard Clarke as Honorary Treasurer in January 2021. Mr Clarke trained as a chartered accountant and was a partner at PricewaterhouseCoopers. He has served as Honorary Treasurer at five charities including twelve years at Cruse Bereavement Care and is a member of the Honorary Treasurers’ Forum. He is also joined the Board of ExtraCare Charitable Trust in 2006 where amongst other roles he has been the Chair of the Audit Committee.

To ensure that the Council is fulfilling its statutory duties and responsibilities, Council Members and the Executive Officer have the opportunity to attend appropriate trustee training courses whenever possible and are regularly updated on regulation and statutory changes.

Officers and Council

The Directors of the Society (who are honorary and known as Members of the Council) who served during the year were as follows:-

Lord de Mauley Professor H J Grainger OBE (Chair) Mr H Thomas CBE Reverend Dr P C Jupp (resigned 24 September 2021) Mr C F Rickman Professor H A Conway Mr A Mallalieu Mrs D A Kerslake Mr R Powell Mr R D Clarke (appointed 20 January 2021)

The undermentioned members of the Council were also Directors of the Society’s subsidiary, The London Cremation Company plc, from which they received total emoluments of £74,500 during the year ended 31 March 2021 (2020: £74,500).

H Thomas CBE Revd Dr P C Jupp Lord de Mauley

The interest of members of the Council, including family interests, in shares of the subsidiary at the beginning and end of the year, were as follows:

and end of the year, were as follows:
Ordinary Shares Preference Shares
31/03/2021 01/04/2020 31/03/2020 01/04/2019
H Thomas CBE 2,046 1,182 2,014 2,014
Revd Dr P C Jupp - - 951 951
Lord de Mauley - - - -
Non-Beneficial Trustee Interests:
H Thomas CBE 220,000 220,000
-		 -

Page 10

THE CREMATION SOCIETY OF GREAT BRITAIN

REPORT OF THE COUNCIL

Management

The day to day operations of the charity are delegated to Mrs Wendy Buchan (Executive Officer & Secretary) and her team based in Brecon House. Mrs Wendy Buchan was appointed as Executive Officer & Secretary on 1 February 2021 following the resignation of Mrs Miriam Deacon on 6 November 2020. The Council offers warm thanks for the team’s enthusiastic work and commitment.

Staff have returned to Brecon House and will continue to be office-based.

All staff undertake regular online training covering data protection, office safety, cyber security, and equality and diversity. An external HR consultancy service has been engaged in order to provide ongoing HR support.

The Council’s remuneration sub-committee reviews staff remuneration on an annual basis.

The Council regularly reviews the major risks to which the Society may be exposed with regard to its practical operations. During the period under review the Council commenced a comprehensive risk assessment exercise identifying the likelihood of any occurrence, the severity of its impact and any mitigating factors that should be taken into account. This exercise is being implemented on an on-going basis and is reviewed regularly in order to maintain an up to date Risk Register. The Society maintains Directors and Officers Liability Insurance cover for all of its Council Members and the Executive Officer. The Register was updated in July 2020.

7. STATEMENT OF COUNCIL MEMBERS’ RESPONSIBILITIES

Company law requires Council Members to prepare financial statements for each financial year which give a true and fair account of the financial status of the Society and of the group and of the net income or expense of the Society and the group for that period. In preparing those financial statements we are required to:

The Council is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Society and enable it to ensure that the financial statements comply with the Companies Act. The Council is also responsible for safeguarding the assets of the Society and for taking reasonable steps for the prevention and detection of fraud and other irregularities. We are required to issue consolidated accounts of the Society and its subsidiary.

8. STATEMENT OF DISCLOSURE TO THE AUDITORS

So far as the Council is aware, there is no relevant audit information of which the group’s auditors are unaware. Additionally, Council Members hav ~~e t~~ aken all the necessary steps required of them as Directors in order to make themselves aware of all relevant audit information and to establish that the group’s auditors are aware of that information.

Page 11

THE CREMATION SOCIETY OF GREAT BRITAIN REPORT OF THE COUNCIL 9. APPOINTMENT OF AUDITORS A resolution will be submitted to Ihe forthcoming Annual General Meeling that Messrs Begbies, Chartered Accountants, be re-appointed Auditors of the Society. BY ORDER OF THE COUNCIL Professor Hllary J. Grainger OBE Chair Dated= Page 12

THE CREMATION SOCIETY OF GREAT BRITAIN

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF THE CREMATION SOCIETY OF GREAT BRITAIN FOR THE YEAR ENDED 31 MARCH 2021

Opinion

We have audited the financial statements of the Cremation Society of Great Britain (the 'charitable company') for the year ended 31 March 2021 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is 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).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, including the trustees’ report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 13

THE CREMATION SOCIETY OF GREAT BRITAIN

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF THE CREMATION SOCIETY OF GREAT BRITAIN FOR THE YEAR ENDED 31 MARCH 2021

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities set out in the trustees' annual report, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Page 14

THE CREMATION SOCIETY OF GREAT BRITAIN Ir4DEPENDENT AUDITORIS REPORT TO THE MEMBERS AND TRUSTEES OF THE CREMATION SOCIETY OF GREAT BRITAIN FOR THE YEAR ENDED 31 MARCH 2021 making enquiries of managemet]t as to wliere tliey consideiEd there was susceptibility to fraud, their knowledge of actual, suspe¢ted and alleged fraud,. Agreement of the flnancial statement disclosures to underlying SUPPOrting documentation. Enquirie5 and confirfftation of management and tlie trustee5 as to their identifi¢ation of any non- complsance with laws oi. regulations. or ally actual OT Potential claims. • Review of minutes of Board meetings throughout the period. Incorporating unpredi¢tsbility into the nature, timing andlor extent of testing. Evaluation of the selection and application of the accounting policies chosen by the Charity. In relation to the risk of manauement override of internal controls, by undertaking procedures to review joumal entrtes and evaluating whether there was evidence of bias that represented a risk of material misstatement due to fraud,. and We assessed the susceptibility of tlie charity's financial staternelltS to material misstatement. in¢luding how fraud might oc¢llr by considering the key risks impacting the financial statements. Our audit procedures were designed to respond to risks of material misstatement in the fiiiallcial statement& re¢ognising that the risk of not detecting a material misstatement due to fi'aud is higher than tlie risk of not det￿titsg one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepreselltations or throu￿1 collusion. There are inherent lirllitstions in the audit procedur¢5 performed and the further retnoved non- compliance with laws and regulations is from the events and transactlolls reflected in the fillancia statements, the less likely we are to become aware of it. A fuilher description of our responsibilities is available on tlie Financial Reporting Coiincil's website at: https:Ilww.fr¢.org.uklauditorsresponsibilities. This description forms part of our auditor'5 reporL Us¢ ol our report This report Is made solely to the charitable cotnpany'5 members. a5 a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's repoit and for no other pui'pose. To the fullest extent pei'mitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable cotnpany's members as a body, for our audit work, for this report, or for the opinions we have formed. Dgniel Valemtine ACA Senior Statuiory Auditor For and on behalf of Begbies Chartei'ed Accountants and Statutory Auditois Old Printers House Stone Street Cranbrook TN173 Begbies i5 Cligible to act as an auditor in temis of sectson 1212 of the Companies A¢t 2006. Pige 15

THE CREMATION SOCIETY OF GREAT BRITAIN

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Notes
Income from:
Donations
Charitable activities
4
Other trading activities
5
Investments
6
Total income
Expenditure on:
Raising funds
- Other trading activities
7
- Investment management fees
7
Charitable activities
8
Other expenditure
- Taxation
15
- Preference dividends paid to minority
shareholders
Total expenditure
Net (losses)/gains on investment assets
Net income/(expenditure)
Attributable to minority interest
Transfers
Transfers between funds
Net movement in funds
Reconciliation of Funds
Total Funds at 1 April 2020
Total Funds at 31 March 2021		 2021
Unrestricted
Funds
£
-
37,274
8,391,367
111,575
8,540,216
6,962,520
44,366
195,971
351,909
6,035
7,560,801
272,326
1,251,741
(165,393)
-
1,086,348
10,243,656
11,330,004		 Unrestricted
Funds
£
-
47,176
7,210,474
134,744
7,392,394
6,745,386
127,653
217,510
56,317
6,116
7,152,982
(83,923)
155,489
(63,598)
-
91,891
10,151,765
10,243,656
2020

The Statement of Financial Activities includes all gains and losses recognised during the year.

All income and expenditure derive from continuing activities.

The Notes to the Accounts form part of the Financial Statements

Page 16

THE CREMATION SOCIETY OF GREAT BRITAIN

SOCIETY ONLY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Income from:
Donations
Charitable activities
Investments
Total income(page 3)
Expenditure on:
Raising funds
Charitable activities
Total expenditure(pages 4-5)
Net income before investment gains/(losses)
Net gains/(losses) on investment assets
Realised
Unrealised
Net income
Transfers
Transfers between funds
Net movement in funds
Reconciliation of Funds
Total Funds at 1 April 2020
Total Funds at 31 March 2021		 Total
2021
£
2,500
37,274
227,776
267,550
44,366
195,971
240,337
27,213
-
272,326
272,326
299,539
-
299,539
2,487,390
2,786,929		 Total
2020
£
2,500
47,176
235,818
285,494
127,653
217,510
345,163
(59,669)
852
(84,775)
(83,923)
(143,592)
-
(143,592)
2,630,982
2,487,390

Page 17

THE CREMATION SOCIETY OF GREAT BRrrAIN CONSOLIDATED BALANCE SHEET AT 31 MARCH 2021 Group Society Notes 2021 202Q 2021 2020 Fixed gs$ets Tangible assets Intsngible assets Investments 16 17 18 13,533,965 72,931 ,890,327 13.859,598 72.931 1,563,028 15.495.557 525,0011 575,000 2,138,680 15,497,223 2,663,680 2,386,381 Current assets Stocks Debtors Cash at batth and in hand 20 21 12,684 1,322,533 5,025,116 1,408,979 3,294,303 4,714,498 31,922 139,986 9,449 134,983 144.432 6,360,333 171,908 Creditors: Amount$ falling due within one year 22 2,123,604 {1.729.2361 2,985,262 45,953 40.717) 103,715 Net current assets 4,236,729 125,955 Total assets les$ current liabilities 19,733,952 18,480,819 2,789,635 2.490.096 Creditors: Amount$ falling due after more than one year 23 {6,118,655) {6.I72,8311 Provision for liabilities and charges Net assets 25 681,645 1605,9481 2,706 12,706 12,933,6S2 11,702,040 2,786,929 2,487,390 The fund5 of the chgrity Unrestricted funds Geneial fund Designated fund5 27 27 10,792,164 537,840 9,656,424 587,232 2,000,736 786,193 1,651,805 835.585 Total Ch2rity fund5 11,330,004 10.243,656 2,786,929 2.487.390 Minority interest 1.603,648 1,458,384 12,933,652 11,702.040 2,786,929 2,487.390 Approved by the Council and signed on . 11 2021 on their behalf by.. 14 Lrt/bty J Professor H J Gr2ingtr OBE Chair The Notes to the A¢¢ounts fomi part of the Financial Statements P#ge 18

THE CREMATION SOCIETY OF GREAT BRITAIN

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

Cash flows from operating activities
Net income for the year (as per the Statement of Financial Activities)
Adjustments for:
Depreciation
(Gains)/losses on sale of tangible fixed assets
(Gains)/losses on revaluation of tangible fixed assets
(Gains) /losses on investments
Dividends, interest and rents from investments
Interest paid
Taxation charge
Decrease/(increase) in stocks
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Corporation tax paid
Net cash generated from operating activities
Cash flow from investing activities
Dividends, interest and rents from investments
Payments to acquire tangible fixed assets
Payments to acquire intangible fixed assets
Payments to acquire fixed asset investments
Proceeds from sale of fixed asset investments
Net cash used in investing activities
Cash flow from financing activities
Repayment of loans
Equity dividends paid to minority
Interest paid
Net cash used in financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at 1 April 2020
Cash and cash equivalents at 31 March 2021
Cash and cash equivalents at the year end comprise:
Cash at bank and in hand
Cash at brokers		 2021
£
1,251,741
625,303
22,475
50,000
(322,326)
(111,575)
178,357
351,909
(1,468)
86,446
330,981
(2,771)
2,459,072
111,575
(372,145)
-
-
-
(260,570)
(264,230)
(20,129)
(178,357)
(462,716)
1,735,786
3,326,941
5,062,727
5,025,116
37,611
5,062,727		 2020
£
155,489
594,087
43
-
83,923
(134,744)
190,032
56,317
(1,201)
(28,120)
133,058
(116,361)
932,523
134,744
(724,869)
(18,699)
(23)
90,000
(518,847)
(252,990)
(20,129)
(190,032)
(463,151)
(49,475)
3,376,416
3,326,941
3,294,303
32,638
3,326,941

Page 19

THE CREMATION SOCIETY OF GREAT BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

1 ACCOUNTING POLICIES

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

a) General information and basis of preparation

The Cremation Society of Great Britain is a charity incorporated and registered in the United Kingdom as a private company limited by guarantee without share capital. The address of the registered office is given in the charity information on page 2. The nature of the charity's operations and principal activities are to promote the practice of cremation for the respectful disposal of bodies of dead persons; to advance public education in the practice and ethics of cremation and to investigate methods of disposing of the bodies of dead persons which appear to the Society to be superior to cremation and, if the Society thinks fit, to promote such methods and advance public education in their practice and ethics either instead of or in addition to cremation.

The financial statements are prepared on a going concern basis as the members believe that no material uncertainties exist. The expected income and expenditure, together with the level of reserves, is sufficient for the charity to be able to continue as a going concern. The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling and rounded to the nearest £.

b) Statement of Recommended Practice

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.

c) Format of financial statements

In accordance with Paragraph 3(3) of Schedule 4 of the Companies Act certain amendments to the standard layout of the company's financial statements have been made. These amendments relate to the wording used in the financial statements and have no effect on the net income or expenditure for the financial year. These changes are made to enable the financial statements to show a true and fair view in light of the special nature of its activities and charitable status.

d) Group financial statements

These financial statements consolidate the results of the charity and its subsidiary, The London Cremation Company Plc on a line by line basis. A separate Statement of Financial Activities is also presented for the charity itself because in the trustees' view this is fundamental to understanding the financial position of the parent company.

e) Intangible fixed assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. No amortisation is provided in respect of these assets until they are brought into use.

f) Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the charity. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to the Statement of Financial Activities during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line method or on the reducing balance basis.

Page 20

THE CREMATION SOCIETY OF GREAT BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

Depreciation is provided on the following basis:

Furniture, fittings and equipment 10%
Buildings - freehold 1%
- leasehold 2%
Plant & machinery - furnaces 5%
- other 20%
Fixtures and fittings - memorials 2%
- other 10%
Motor vehicles 25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Financial Activities.

No depreciation is provided in respect of land, or other fixed assets until they are brought into use

g) Freehold land and buildings

The Society owns the office block from which it operates. As a significant proportion of the building is let on commercial leases the property is treated as an investment property and included at estimated market value.

h) Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment is recognised immediately in the Statement of Financial Activities.

i) Fixed asset investments

Investments are included in the financial statements at market value, except for the Society's investment in the subsidiary company, which is shown at cost.

For unlisted investments, the Council's valuation is based on the last known transactions in the shares prior to 31 March 2021.

j) Estimated liability for cremation fees

k) Subsidiary company activities

The turnover of The London Cremation Company Plc is included in income from other trading activities.

l) Income

Income from trading activities is recognised as the related goods and services are provided.

Rent and other investment income is recognised on a receivable basis.

Income from charitable activities is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

Credit for income from new memorials is taken partly in the year of sale with the remainder apportioned over the period of dedication; income from memorial renewals is recognised over the period of re-dedication. The directors of the subsidiary company are of the opinion that the company's activities constitute one class of business and therefore that segregated analysis is not appropriate.

Page 21

THE CREMATION SOCIETY OF GREAT BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

Revenue is recognised to the extent that is probable that the economic benefits will flow to the charitable company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, VAT and other sales taxes.

m) Expenditure

Expenditure is provided for an accruals basis.

Costs of raising funds are those costs incurred in attracting voluntary income and those costs incurred in trading activities that raise funds and include the direct and indirect costs of the subsidiary.

Expenditure on charitable activities includes expenditure associated with the promotion of cremation and direct and indirect costs and support costs relating to those activities.

Support costs have been allocated to activity cost categories on the basis of the time spent by the staff involved or by their usage.

Irrecoverable VAT is charged against the category of expenditure for which it was incurred.

n) Pensions

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which fixed contributions are paid into a separate entity. Once the contributions have been paid, there are no further payment obligations.

The contributions are recognised as an expense in the Statement of Financial Activities when they fall due. Amounts not paid are included in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the charitable company in independently administered funds.

o) Taxation

The Society is registered as a charity under the Charities Act 1960 and is therefore exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges arise in the charity.

The subsidiary company is liable to corporation tax and the charge for the year includes current and deferred taxation. The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantially enacted by the reporting date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that

Deferred tax balances are not recognised in respect of permanent differences in respect of business combinations when deferred tax is recognised on the differences between the fair values acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantially enacted by the reporting date.

p) Dividends

The subsidiary's ordinary share dividends are recognised when declared, not when proposed. The subsidiary's preference share dividends are recognised when declared.

q) Fund accounting

Unrestricted general fund

This fund can be used in accordance with the charitable objects at the trustees' discretion.

Page 22

THE CREMATION SOCIETY OF GREAT BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted designated funds

The designated freehold property fund represents the net book value of Brecon House. The designated fixed asset investment fund represents the book value of investments in cremation authorities (including the subsidiary company). These funds are not readily available to meet the normal running expenses of the Society.

Restricted funds

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for a particular restricted purpose.

r) Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

s) Debtors

Short term debtors are measured at transaction price less any impairment.

u) Financial instruments

v) Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, save that financial liabilities payable in less than 12 months are not amortised.

w) Provisions for liabilities

Provisions are made where an event has taken place that gives a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the obligation.

Provisions are charged as expenditure in the Statement of Financial Activities in the year the Society becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are made they are charged to the provision carried in the Balance Sheet.

x) Finance costs

Finance costs are charged to the Statement of Financial Activities over the term of the debt using the effective interest method so that the amount charged is at a constant rate over the carrying amount.

2 JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires the trustees to make judgements, estimates and assumptions that affect the amounts for income and expenditure during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The areas where uncertainty of estimation arise is in deferred income and the valuation of investment property.

3 ANALYSIS OF TURNOVER

The whole of the subsidiary company's turnover is attributable to the company's principal activity and arose solely in the UK.

Page 23

THE CREMATION SOCIETY OF GREAT BRITAIN

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021

4
INCOME FROM CHARITABLE ACTIVITIES
Cremation conference and publications
All income from charitable activities arises in respect of the Unrestricted General Fund.
5
INCOME FROM OTHER TRADING ACTIVITIES
Turnover - The London Cremation Company Plc
All income from other trading activities arises in respect of the Unrestricted General Fund.
6
INCOME FROM INVESTMENTS
Listed investments
Unlisted investments
Rents receivable
Service charges receivable
Short term deposits and bank interest
All income from investments arises in respect of the Unrestricted General Fund.
7
EXPENDITURE ON RAISING FUNDS
Other trading activities
The London Cremation Company Plc
Cost of sales, administrative expenses and interest payable
Exceptional iterms
- Legal fees in respect of CMA investigation into the funerals market
- Roof repairs at St Marylebone crematorium
Investment management costs
Investment property expenses
Support costs (see note 9)
All expenditure on raising funds arises in respect of the Unrestricted General Fund
8
EXPENDITURE ON CHARITABLE ACTIVITIES
Cremation conference and publications
Support costs (see note 9)		 Group
Total
2021
£
37,274
Group
Total
2021
£
8,391,367
Group
Total
2021
£
54,920
2,027
35,275
15,533
3,820
111,575
Group
Total
2021
£
6,775,291
133,882
53,347
6,962,520
25,077
19,289
13,969,406
Group
Total
2021
£
25,038
170,933
195,971		 Group
Total
2020
£
47,176
Group
Total
2020
£
7,210,474
Group
Total
2020
£
55,582
3,745
35,275
20,939
19,203
134,744
Group
Total
2020
£
6,231,274
209,250
304,862
6,745,386
110,261
17,392
13,618,425
Group
Total
2020
£
63,381
154,129
217,510

All expenditure on charitable activities arises in respect of the Unrestricted General Fund.

Page 24

THE CREMATION SOCIETY OF GREAT BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

9
SUPPORT COSTS
Raising
Charitable
funds
activities
£
£
(see note 7)
(see note 8)
Staff costs
12,910
114,406
Establishment and administration
2,326
20,617
Finance and sundry expenses
4,052
35,911
Depreciation
-
-
19,289
170,933
Allocation for 2020
17,392
154,129
10
NET INCOME/(EXPENDITURE) FOR THE YEAR
This is stated after charging :
Auditor's remuneration
Society
- Audit
- Accountancy services
- Other services
Subsidiary
- Audit
Current
- Taxation services
- Other services
Interest payable
Depreciation
11
STAFF COSTS
Wages and salaries
Social security costs
Pension contributions - defined contributions
The average number of persons employed by the group, excluding non-executive directors, during the year w
Society
- charitable, fundraising and administration
Subsidiary
- Operational
- Administrative
Subsidiary company directors' remuneration
Directors' emoluments
Directors' pension costs - defined contribution scheme		 Total
2021
£
127,316
22,943
39,963
-
190,222
2021
£
5,150
3,350
250
24,500
4,450
4,050
167,434
625,303
2021
£
2,673,194
257,412
133,582
3,064,188
as as follows:
5
40
37
82
£
362,213
22,500		 Total
2020
£
112,982
29,722
28,817
-
171,521
171,521
2020
£
5,000
3,200
245
23,750
9,225
2,800
179,109
594,087
2020
£
2,515,556
232,350
107,511
2,855,417
4
39
32
75
£
256,043
13,340

The highest paid director received remuneration of £150,415 (2020: £139,543), and pension contributions of £14,000 (2020: £13,340).

Page 25

THE CREMATION SOCIETY OF GREAT BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

12 COUNCIL MEMBERS' EMOLUMENTS AND EXPENSES

Neither the Society nor its subsidiary paid any emoluments for services as Council members.

Out of pocket travel expenses of £217 (2020 - £11,633) were reimbursed to 5 (2020 - 10) Council Members in the year.

13 INCOME FROM OTHER TRADING ACTIVITIES

The Society owns 84.417% of the ordinary share capital of The London Cremation Company Plc, a company registered in England (company no. 00612939). This trading subsidiary is a cremation authority and its principal activities are carrying out cremations and providing memorials at its crematoria. In addition, the Society owns 64.41% of the 10% cumulative preference shares.

The summary financial performance of the subsidiary is:
Turnover
Cost of sales, administrative expenses and interest payable
Exceptional administrative expenses
Donation to parent undertaking
Preference dividends paid
Interest receivable
Profit before tax
Tax on profit
Profit after tax
Retained earnings at beginning of the year
Dividends paid
Retained earnings at the end of the year
The assets and liabilities of the subsidiary were:
Tangible fixed assets
Intangible fixed assets
Current assets
Current liabilities
Other liabilities
Total net assets
Aggregate share capital and reserves
INTEREST PAYABLE
Bank loans and overdrafts
Subsidiary preference dividends paid to minority shareholders		 2021
£
8,391,367
(6,775,291)
(187,229)
(2,500)
(16,958)
3,767
1,413,156
(351,909)
1,061,247
8,235,719
(129,174)
9,167,792
13,008,965
72,931
6,188,425
(2,077,651)
(6,901,624)
10,291,046
10,291,046
2021
£
161,399
6,035
167,434		 2020
£
7,210,474
(6,231,274)
(514,112)
(2,500)
(17,039)
18,894
464,443
(56,317)
408,126
7,956,767
(129,174)
8,235,719
13,284,598
72,931
4,570,066
(1,688,519)
(6,880,103)
9,358,973
9,358,973
2020
£
172,993
6,116
179,109

Page 26

THE CREMATION SOCIETY OF GREAT BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

15 TAXATION

No tax charges have arisen in the charity. The subsidiary is liable to corporation tax and the charge for the year is as follows:

Current year tax charge
Total current tax
Origination and reversal of timing differences
Changes to tax rate
Total deferred tax
Tax on profit on ordinary activities
Reconciliation of tax charge to accounting profit
Profit on ordinary activities before tax
Profit on ordinary activities multiplied by small company rate of
corporation tax - 19% (2020: 19%)
Effect of:
Expenses not deductible for tax purposes
Adjustments to tax charge in respect of prior periods
Fixed asset permanent difference
Change in deferred tax rate
Deferred tax not recognised
Current tax charge for the year		 2021
£
276,212
276,212
4,727
70,970
75,697
351,909
1,413,156
268,500
2,951
-
9,488
70,970
-
351,909		 2020
£
(32,295)
(32,295)
100,790
(12,178)
88,612
56,317
464,443
88,244
5,646
(35,066)
24,570
(12,178)
(14,899)
56,317

Factors that may affect future tax charges

On 10 June 2021, the Finance Bill 2021 received Royal Assent. The Bill confirms an increase in the corporation tax rate from 1 April 2023. From this date, the rate will taper from 19% for businesses with profits of less than £50,000 to 25% for businesses with profits over £250,000.

16 TANGIBLE FIXED ASSETS

a. Group
Cost or valuation
At 1 April 2020
Additions
Disposals
Asset transfers
Revaluations
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
Eliminated on disposal
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Freehold
investment
property
£
575,000
-
-
-
(50,000)
525,000
-
-
-
-
525,000
575,000		 Freehold and
leasehold
property
£
11,161,817
42,520
-
-
-
11,204,337
1,290,795
110,680
-
1,401,475
9,802,862
9,871,022		 Assets
under
construction
£
51,388
-
(188)
(789)
-
50,411
-
-
-
-
50,411
51,388		 Plant and
machinery,
motor vehicles
£
5,504,212
256,626
(80,536)
789
-
5,681,091
2,676,427
472,590
(58,249)
3,090,768
2,590,323
2,827,785		 Fixtures
and
fittings
£
1,215,491
72,999
-
-
-
1,288,490
681,088
42,033
-
723,121
565,369
534,403		 Total
£
18,507,908
372,145
(80,724)
-
(50,000)
18,749,329
4,648,310
625,303
(58,249)
5,215,364
13,533,965
13,859,598

Page 27

THE CREMATION SOCIETY OF GREAT BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

b. Society
Cost or valuation
At 1 April 2020
Revaluation
At 31 March 2021
Depreciation
At 1 April 2020
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Freehold
investment
property
£
575,000
(50,000)
525,000
-
-
525,000
575,000		 Fixtures
and
fittings
£
30,206
-
30,206
30,206
30,206
-
-		 Total
£
605,206
(50,000)
555,206
30,206
30,206
525,000
575,000

The Society purchased the freehold of Brecon House, in which its offices are located, in December 1999 and the majority of the building is let on commercial leases. The investment property was valued by the Council at 31st March 2021 by Watson Day Chartered Surveyors at an estimated market value of £525,000. The original cost of the property was £803,876.

The group's freehold and leasehold land and buildings also include £2,050,770 of long leasehold property that was bought into use during August 2003 and subject to depreciation from that date. The figure also includes non-depreciated land of £2,367,025 (2020: £2,367,025).

17 INTANGIBLE FIXED ASSETS

a. Group

Cost or valuation
At 1 April 2020
Additions
At 31 March 2021
Depreciation
At 1 April 2020
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Website
£
18,699
-
18,699
-
-
18,699
18,699		 Computer
Costs
£
54,232
-
54,232
-
-
54,232
54,232		 Total
£
72,931
-
72,931
-
-
72,931
72,931

Page 28

THE CREMATION SOCIETY OF GREAT BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

18 FIXED ASSET INVESTMENTS

a. Group
Market value
At 1 April 2020
Additions
Disposals at market value
Cash at brokers
At 31 March 2021
Cost
At 1 April 2020
Additions
Disposals at cost
Cash at brokers
At 31 March 2021
b. Society
Market value/cost
At 1 April 2020
Additions
Disposals at market value
Cash at brokers
At 31 March 2021
Cost
At 1 April 2020
Additions
Disposals at cost
At 31 March 2021
Cash at brokers
At 31 March 2021
Net (losses)/gains on revaluations
Net (losses)/gains on revaluations		 Subsidiary
£
248,353
-
-
-
248,353
-
248,353
248,353
-
-
248,353
-
248,353		 Listed
£
1,518,158
-
-
321,718
1,839,876
37,611
1,877,487
1,407,856
-
-
1,407,856
37,611
1,445,467
Listed
£
1,518,158
-
-
321,718
1,839,876
37,611
1,877,487
1,407,856
-
-
1,407,856
37,611
1,445,467		 Unlisted
£
12,232
-
-
608
12,840
-
12,840
297
-
-
297
-
297
Unlisted
£
12,232
-
-
608
12,840
-
12,840
297
-
-
297
-
297		 2021
£
1,530,390
-
-
322,326
1,852,716
37,611
1,890,327
1,408,153
-
-
1,408,153
37,611
1,445,764
2021
£
1,778,743
-
-
322,326
2,101,069
37,611
2,138,680
1,656,506
-
-
1,656,506
37,611
1,694,117		 2020
£
1,704,290
23
(89,148)
(84,775)
1,530,390
32,638
1,563,028
1,486,737
23
(78,607)
1,408,153
32,638
1,440,791
2020
£
1,952,643
23
(89,148)
(84,775)
1,778,743
32,638
1,811,381
1,735,090
23
(78,607)
1,656,506
32,638
1,689,144

Details of the company's investment in its subsidiary can be found in note 13.

Page 29

THE CREMATION SOCIETY OF GREAT BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

19 GAINS AND LOSSES ON FIXED ASSET INVESTMENTS

GAINS AND LOSSES ON FIXED ASSET INVESTMENTS
Realised gains and losses
Proceeds
Cost
Gains/(losses) recognised in year
Unrealised gains and losses
Market value at 31 March 2021
Cost
Unrealised gains to date
Unrealised gains b/fwd at 1 April 2020
Less: Realised gains in year
Unrealised gains/(losses) in year
Unrealised gains c/fwd at 31 March 2021		 2021
£
-
-
-
1,852,716
(1,408,153)
444,563
122,237
-
322,326
444,563		 2020
£
90,000
(78,607)
11,393
1,530,390
(1,408,153)
122,237
217,553
(11,393)
(83,923)
122,237
20 STOCKS
Brochures and transit urns
Memorials
21 DEBTORS
Trade debtors
Other debtors
Prepayments and accrued income		 2021
2020
£
£
8,146
7,429
4,538
3,787
12,684
11,216
2021
2020
£
£
875,462
870,896
18,973
131,330
428,098
406,753
1,322,533
1,408,979
Group
Group		 2021
2020
£
£
-
-
-
-
-
-
2021
2020
£
£
25,688
6,451
1,844
-
4,390
2,998
31,922
9,449
Society
Society

22 CREDITORS: amounts falling due within one year

Bank loans
Trade creditors
Corporation tax
Taxation and social security
Other creditors
Accruals and deferred income		 2021
2020
£
£
275,607
264,230
648,310
629,422
276,154
2,713
127,383
101,610
93,003
64,580
703,147
666,681
2,123,604
1,729,236
Group		 2021
2020
£
£
-
-
4,107
5,484
-
-
1,739
(46)
19,025
14,536
21,082
20,743
45,953
40,717
Society

23 CREDITORS: amounts falling due after more than one year

Bank loans
Deferred income
10.5% cumulative preference shares (held by
minority shareholders)		 2021
2020
£
£
3,721,011
3,996,618
2,340,951
2,117,969
56,693
58,244
6,118,655
6,172,831
Group		 2021
2020
£
£
-
-
-
-
-
-
-
-
Society

Page 30

THE CREMATION SOCIETY OF GREAT BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

24 LOANS AND DEFERRED INCOME: analysis of maturity of debt

Within one year or on demand
- loans
- deferred income
Between one and two years
- loans
- deferred income
Between two and five years
- loans
- deferred income
After five years (includes preference shares)
- loans
- deferred income		 2021
2020
£
£
275,607
264,230
472,004
469,952
265,545
275,607
410,561
390,685
663,079
699,208
821,133
797,147
2,792,387
3,021,803
1,109,257
930,137
6,809,573
6,848,769
Group		 2021
2020
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Society

The London Cremation Company plc's total term loan outstanding at the year end amounted to £140,578 (2020: £215,403), held under the security of a debenture and a fixed charge on abatement equipment. A further bank loan of £3,856,040 (2020: £4,045,445) is held under the security of debentures and a charge over the freehold land and buildings at the company's crematoria in St Marylebone and Banbury. This loan is repayable over 20 years at base rate plus 1.79%.

25 PROVISION FOR LIABILITIES AND CHARGES

Membership subscriptions repayable
Deferred taxation		 2021
2020
£
£
2,706
2,706
678,939
603,242
681,645
605,948
Group		 2021
2020
£
£
2,706
2,706
-
-
2,706
2,706
Society

The provision for deferred taxation is made up of £526,589 (2020: £466,929) accelerated capital allowances and £152,350 (2020: £136,313) timing difference arising on rollover relief.

26 FINANCIAL INSTRUMENTS

Financial assets
Financial assets measured at fair value through
statement of financial activities
Financial assets that are debt instruments
measured at amortised cost
Financial liabilities
Financial liabilities measured at amortised cost		 2021
2020
£
£
5,025,116
3,294,303
894,435
1,002,226
5,919,551
4,296,529
(4,737,931)
(4,954,850)
Group		 2021
2020
£
£
139,986
134,983
27,532
6,451
167,518
141,434
(23,132)
(20,020)
Society

Financial assets measured at fair value through profit and loss comprise cash at bank and in hand.

Financial assets measured at amortised cost comprise trade debtors and other debtors.

Financial liabilities measured at amortised cost comprise trade creditors, term loans and other creditors.

Page 31

THE CREMATION SOCIETY OF GREAT BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

27 UNRESTRICTED FUNDS

a. General fund
Balance at 1 April 2020
Net movement for the year
Transfer from/(to) designated funds
Balance at 31 March 2021
b. Designated freehold property fund
Balance at 1 April 2020
Transfer from General fund
Balance at 31 March 2021		 2021
2020
£
£
9,656,424
9,558,295
1,086,348
91,891
49,392
6,238
10,792,164
9,656,424
2021
2020
£
£
575,000
575,000
(50,000)
-
525,000
575,000
Group
Group		 2021
2020
£
£
1,651,805
1,789,159
299,539
(143,592)
49,392
6,238
2,000,736
1,651,805
2021
2020
£
£
575,000
575,000
(50,000)
-
525,000
575,000
Society
Society

The designated freehold property fund represents the net book value of Brecon House. The reserves invested in the property are not readily available to meet the normal running expenses of the Society.

c. Designated fixed asset investment fund
Balance at 1 April 2020
Transfer from General fund
Balance at 31 March 2021		 2021
2020
£
£
12,232
18,470
608
(6,238)
12,840
12,232
Group		 2021
2020
£
£
260,585
266,823
608
(6,238)
261,193
260,585
Society

The designated fixed asset investment fund represents the book value of investments in cremation authorities (including the subsidiary). These are long term investments and the funds are not available to meet the normal running expenses of the Society.

Total designated funds
At 31 March 2021
537,840
ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS
Tangible fixed assets
Intangible fixed assets
Investments
Net current assets
Creditors: amounts falling due after more than one year
Provisions for liabilities and charges
Less minority interest
Total funds		 587,232 Unrestricted
general
fund
£
13,008,965
72,931
1,877,487
4,236,729
(6,118,655)
(681,645)
12,395,812
(1,603,648)
10,792,164		 786,193
Unrestricted
designated
funds
£
525,000
-
12,840
-
-
-
537,840
-
537,840		 835,585
Total
2021
£
13,533,965
72,931
1,890,327
4,236,729
(6,118,655)
(681,645)
12,933,652
(1,603,648)
11,330,004

28 ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS

Page 32

THE CREMATION SOCIETY OF GREAT BRITAIN

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021

Tangible fixed assets
Intangible fixed assets
Investments
Net current assets
Creditors: amounts falling due after more than one year
Provisions for liabilities and charges
Less minority interest
Total funds		 Unrestricted
general
fund
£
13,284,598
72,931
1,550,796
2,985,262
(6,172,831)
(605,948)
11,114,808
(1,458,384)
9,656,424		 Unrestricted
designated
funds
£
575,000
-
12,232
-
-
-
587,232
-
587,232		 Total
2020
£
13,859,598
72,931
1,563,028
2,985,262
(6,172,831)
(605,948)
11,702,040
(1,458,384)
10,243,656

29 PENSION COMMITMENTS

The London Cremation Company Plc operates a defined contributions scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totalling £19,630 (2020 - £14,066) were payable to the fund at 31 March 2021 and are included in creditors.

30 OPERATING LEASE COMMITMENTS

Total future minimum lease payments under non-cancellable operating leases were as follows:

Within one year
Between two and five years
After more than five years		 2021
2020
£
£
56,932
50,938
176,217
169,394
2,750,654
2,788,132
2,983,803
3,008,464
Group

31 MEMBERSHIP SUBSCRIPTIONS REPAYABLE

Membership subscriptions received since September 1978 are repayable on production to the Council, within six months of the death of a member, of evidence satisfactory to the Council that the body of the member has been cremated. This liability of £2,706 (2020: £2,706) represents the full value of all outstanding certificates issued by the Society under these terms.

32 RELATED PARTY TRANSACTIONS

At 31 March 2021, The London Cremation Company Plc was owed £15,000 (2020: £104,724) by Golders Green Foundation, a registered charity whose trustees are all either directors of the Society or its subsidiary undertaking.

Page 33

THE CREMATION SOCIETY OF GREAT BRITAIN

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

The following pages do not form part of the Statutory Financial Statements.
Statement of Financial Activities 34
Balance sheet 35
Schedule of income 36
Schedule of expenditure 37-38
Schedule of investments 39

THE CRETrIAT10Tr4 SOCIETY OF GREAT BRITAIN STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021 Designated 2021 General 2021 Total 2021 Total 2020 Incoine from: Donations Charitable activities Investments 2,500 37,274 227,776 2,500 37,274 227,776 2,500 47.176 235.818 Total income (page 36) 267,550 267,550 285,494 Expenditure on: Raising funds Chai'itable activities 44,366 195,971 44 J66 195,971 127,653 217,510 Total expenditure (pages 4-5) 240,337 240,337 345,163 Net income before investment gainsl(losses) 27,213 27,213 (59,669) Net g8insl(losses) on investment a55ets Reglised Unrealised 852 (84,775 83,923 (49,392 49,392 321,718 272,326 321,718 272,326 Net ineome (49J92) 348,931 299,539 1143.592) Transfcrs Transfers between funds Net movement in funds (49,392) 348,931 299,539 (143,592} Reconciliation of Funds Total Funds at l AprEI 2020 835,585 1.651,805 2,487,390 2,630,982 Total Funds at 31 March 2021 786,193 2,000,736 2,786,929 2,487.390 Page 34

THE CREMATION SOCIETY OF GREAT BRITAIN

BALANCE SHEET

AT 31 MARCH 2021

Fixed assets
Tangible assets
- Investment property
- Fixtures, fittings & equipment
Investments (page 6)
- Unlisted
- Listed
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one
year
Net current assets
Total assets less current liabilities
Provision for liabilities and charges
Net assets
The funds of the charity
Unrestricted funds
- General fund
- Designated funds		 £
£
525,000
-
525,000
261,193
1,877,487
2,138,680
2,663,680
31,922
139,986
171,908
(45,953)
125,955
2,789,635
(2,706)
2,786,929
2,000,736
786,193
2,786,929
2021		 £
£
575,000
-
575,000
260,585
1,550,796
1,811,381
2,386,381
11,867
134,983
146,850
(43,135)
103,715
2,490,096
(2,706)
2,487,390
1,651,805
835,585
2,487,390
2020

Page 35

THE CREMATION SOCIETY OF GREAT BRITAIN

SCHEDULE OF INCOME FOR THE YEAR ENDED 31 MARCH 2021

INCOME FROM DONATIONS
Donation from London Cremation Company Plc
INCOME FROM CHARITABLE ACTIVITIES
Cremation conference and publications
Cremation conference
Bereavement Seminar
Pharos Journal
Directories of crematoria
Other publications
Royalties received
INCOME FROM INVESTMENTS
Listed
Sarasin & Partners LLP
Unlisted
Edinburgh Crematorium (£1 ordinary shares)
Subsidiary (unlisted)
London Cremation Company Plc
10.5% Cumulative preference shares
50p ordinary shares
Investment property
Rent receivable
Service charges
Interest received
Other income
TOTAL INCOME		 2021
£
2,500
2,500
-
-
27,524
7,599
191
1,960
37,274
54,920
2,027
10,923
109,045
176,915
35,275
15,533
53
-
227,776
267,550		 2020
£
2,500
2,500
5,496
7,400
24,793
8,395
137
955
47,176
55,583
3,745
10,923
109,045
179,296
35,275
20,939
222
86
235,818
285,494

Page 36

THE CREMATION SOCIETY OF GREAT BRITAIN

SCHEDULE OF EXPENDITURE FOR THE YEAR ENDED 31 MARCH 2021

EXPENDITURE ON RAISING FUNDS
Investment property expenses
Light and heat
Water and sewerage
Health and safety fees
Caretaking, cleaning and refuse
Repairs to property
Bad debt provision
Legal and professional
Watson Day management charge
Share of support costs
EXPENDITURE ON CHARITABLE ACTIVITIES
Charitable activities
Cremation conference
Bereavement Seminar
Professional fees
Pharos Journal
Literature and brochures
Directories of crematoria
Travelling and meeting expenses
Share of support costs
TOTAL EXPENDITURE		 2021
£
4,154
1,648
477
9,363
2,935
-
1,500
5,000
25,077
19,289
44,366
-
-
6,477
16,178
193
2,190
-
25,038
170,933
195,971
240,337		 2020
£
4,568
3,443
1,387
12,756
80,107
-
1,031
6,969
110,261
17,392
127,653
7,768
9,819
-
16,343
1,732
3,161
24,558
63,381
154,129
217,510
345,163

Page 37

THE CREMATION SOCIETY OF GREAT BRITAIN

SCHEDULE OF EXPENDITURE FOR THE YEAR ENDED 31 MARCH 2021

SUPPORT COSTS
Establishment and administration expenses
Staff costs
Staff welfare
Staff Training
Pension costs
Cleaning
Light and heat
Insurance
Rates
Repairs and renewals
Advertising
Office equipment hire
Printing and stationery
Postage
Telephone and internet
Travelling and meeting expenses
Financial and sundry
Audit and accountancy
Bookkeeping services
Bank charges and interest
Computer training and maintenance
Irrecoverable VAT
Legal and professional
Subscriptions
Sundries
Donations
Bad debts
Depreciation
TOTAL SUPPORT COSTS
ALLOCATED TO:
EXPENDITURE ON RAISING FUNDS (10.14%)
CHARITABLE ACTIVITIES (89.86%)		 2021
£
120,559
238
390
6,129
1,545
2,619
3,611
6,754
1,784
870
1,549
986
1,603
1,785
837
151,259
10,753
12,563
238
4,152
558
8,736
1,325
433
200
5
-
38,963
190,222
19,289
170,933
190,222		 2020
£
105,318
1,157
330
6,177
2,272
2,241
6,964
6,388
2,864
1,200
1,489
934
1,887
1,583
1,900
142,704
9,484
12,334
294
3,707
932
-
1,349
397
-
320
-
28,817
171,521
17,392
154,129
171,521

Page 38

THE CREMATION SOCIETY OF GREAT BRITAIN SCHEDULE OF INVESTMENTS YEAR ENDED 31 MARCH 2021

No
Cost
Carrying
Value
No
Cost
No
UNLISTED INVESTMENTS
London Cremation Co Plc
50p Ordinary
1,896,436
128,616
128,616
10.5% cum. Preference shares
104,030
119,737
119,737
Edinburgh Crematorium Ltd
£1 ordinary
6,758
297
12,232
248,650
260,585
-
LISTED INVESTMENTS
Sarasin
Sarasin Endowments Fund Class A (income)
1,542,687
1,407,856
1,518,158
Cash at brokers
32,638
32,638
1,440,494
1,550,796
-
1,689,144
1,811,381
-
Additions		 Disposals
Closing
Proceeds
Cost
MV
Gain /
(loss)
No
Cost
Carrying
Value
1,896,436
128,616
128,616
104,030
119,737
119,737
6,758
297
12,840
-
-
-
-
248,650
261,193
-
1,542,687
1,407,856
1,839,876
37,611
37,611
-
-
-
-
1,445,467
1,877,487
-
-
-
-
1,694,117
2,138,680		 Revalue
-
-
608
608
321,718
321,718
322,326

Page 39