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2022-03-31-accounts

Charity number 209978 Company number 183397

THE CREMATION SOCIETY OF GREAT BRITAIN

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2022

THE CREMATION SOCIETY OF GREAT BRITAIN

CONTENTS

Page
General information 1
Report of the Council 2-16
Independent Auditor's Report 17-19
Consolidated Statement of Financial Activities 20
Entity Statement of Financial Activities 21
Consolidated Balance Sheet 22
Consolidated Cash Flow Statement 23
Notes To The Accounts 24-38
The following pages do not form part of the statutory financial statements;
The Cremation Society of Great Britain
Statement of Financial Activities 39
Balance Sheet 40
Schedule of income 41
Schedule of expenditure 42-43
Schedule of investments 44

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

Council

Lord de Mauley (Honorary President) Professor H J Grainger OBE (Chair) Mr C F Rickman (Vice-Chair) Mr R Clarke Professor H A Conway Right Revd C Foster (appointed 21 July 2022) Mrs D A Kerslake Mr A Mallalieu Mr R Powell (resigned 21 February 2022) Revd Dr P Jupp (resigned 24 September 2021) Mr H Thomas CBE (died 13 March 2022)

Executive Officer & Secretary

Mrs W Buchan

Registered Office

Brecon House, Albion Place, Maidstone, Kent ME14 5DZ Telephone: 01622 688292 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

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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

COVID continued to affect the funeral sector during the period under review resulting in temporary alterations to working practices, meeting arrangements, and a diversion of time and resources to meet with Deceased Management Advisory Group (DMAG) colleagues and Government representatives with the emergence of the Omicron variant at the end of 2021, and a possible new peak in cases and deaths, from new variants.

Strategies

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:

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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 Suppliers’ Association (FSA), Association of Private Crematoria and Cemeteries (APCC) and the Cremation Society.

With the emergence of the Omicron variant of COVID-19, DMAG members continued to work together on the issues arising from the pandemic and the possibility of another wave of infections with resultant deaths. Post-pandemic, it is the intention of the Group to build on its existing strong working relationship and reputation with Government colleagues, to represent the sector in discussions relating to other issues facing the funeral sector.

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The collaborative working of The Cremation Society and its DMAG colleagues was recognised with the Best Association or Collaboration award at the Association Excellence Awards 2021.

DMAG held a seminar at the National Funeral Exhibition (NFE) to discuss lessons learned from the pandemic, inviting attendees to feedback on issues that should be fed into the COVID-19 inquiry. Mr Colin Rickman represented the Society at the NFE seminar.

The Cremation Society maintains the DMAG Twitter account on behalf of the Group.

All-Party Parliamentary Group for Funerals and Bereavement (APPG)

The Society, along with DMAG colleagues, is an associate member of the APPG for Funerals and Bereavement, with DMAG members equally funding the work of the APPG. An event was held in September 2021, in the Houses of Parliament, to launch the APPG’s annual report, at which Mrs Wendy Buchan and Mr Colin Rickman represented the Society.

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With the immediate issues related to the pandemic easing, it has been possible for the Group to discuss other challenges facing the sector including: FCA regulation of pre-paid funeral plans; the re-use of graves; the need for the retention of electronic registration of deaths; the implementation of the National Medical Examiner system; the need for the death care sector to be recognised with category 2 responder status in the event of another pandemic; funeral poverty, and child bereavement.

Lord de Mauley is a Parliamentary officer of the APPG; Mrs Wendy Buchan and Mr Colin Rickman represent the Society at APPG meetings.

International Cremation Federation

The ICF The Society’s Council was established in 1937 to ‘promote the practice of cremation to the highest standard’. Although the COVID-19 pandemic has resulted in recent years’ meetings being postponed, the Society’s Chair Professor Hilary Grainger will be attending this year’s General Meeting in Panama. Council members Mr Andrew Mallalieu and Professor Heather Conway also sit on the ICF’s Technical and Legal committees respectively.

– Environment Agency Process Guidance Notes Technical Working Group

A Technical Working Group was established by the Environment Agency in July 2021 to consider the revision of the current Process Guidance Notes 5/2(12) for crematoria. Mr Andrew Mallalieu represents the Society on the Working Group providing knowledge from his previous experience in the cremator manufacturing industry.

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 Hilary 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’ Funeral Group (CFG) by Debbie Kerslake. The CFG is chaired by the Right Reverend Christopher Foster, formerly Bishop of Portsmouth, who has recently been co-opted onto the Council of the Cremation Society, with the formal election taking place at the next AGM.

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 those bereaved. The CFG has representatives from the Church of England and other Christian churches, the NAFD, SAIF, ICCM and Quaker Social Action.

As a result of the pandemic, there has only been one in-person meeting held between October 2021 and September 2022, with two being held virtually. Among the issues and subjects the group have discussed this year are - Best Practise for public health funerals with the development of a document aimed at local authorities; the development of a new CFG website, the regulation of funeral planning and direct cremation. Professor Douglas Davies & Howard Pickard were due to attend the September meeting to discuss resomation, but this was postponed following the death of Queen Elizabeth. This will be rearranged.

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the CBCE conference and the National Funeral Exhibition.

The group has received regular reports related to Council of British Funeral Services, Byw Nawr (Living Now), Life Events, Dying Matters and the Direct Funerals Association.

Council of British Funeral Services

The Council of British Funeral Services is a forum of representatives from across the death care sector, providing an opportunity for every organisation to discuss and exchange information and challenges. Mrs Wendy Buchan represents the Society on the Council and has provided updates at the meetings held during the period under review. It is the intention that the April meetings will be held online with the October meetings and AGM being held in-person.

b. Public and Sector Education

o Educational Events

Cremation and Burial Communication and Education (2022)

The Cremation Society works with the Federation of Burial and Cremation Authorities (FBCA) in co-hosting an annual conference, with keynote speakers providing updates and information to delegates. CBCE 2022 was held at the Hilton, Ageas Bowl, Southampton from 20 to 22 June 2022.

The theme of the event was ‘Return and Reset. Exploring post-COVID changes in the cremation and burial sector’ with speakers including representatives from the Ministry of Justice, Dr Alan Fletcher (National Medical Examiner), Simon Holbrook (Environment Agency), Professor Douglas Davies (Durham University), Professor Lucy Easthope (Universities of Bath and Durham), Dr Kate Woodthorpe (University of Bath), Kevin Smith (Marchini Curran Associates), and Jamieson Hodgson (Memoria), as well as other highly respected speakers.

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

The Society funded a bursary, awarded to Daniel Burrell of Durham University, who is currently working on the Society’s archives held at Durham University.

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’ ‘ ’ Joint Organisations Seminar - The Impact of Burial and Cremation on the Environment

The Cremation Society worked with colleagues from the Association of Private Crematoria and Cemeteries (APCC), the Federation of Burial and Cremation Authorities (FBCA) and the Institute of Cemetery and Crematorium Management (ICCM) in co-hosting a one-day conference held at the Stratford Manor Hotel, Stratford-upon-Avon, aimed at tackling the issues surrounding the impact of the bereavement sector on the environment. Speakers covered topics including: ‘Changing Fuel Sources’, ‘Changing Technologies’, and ‘Reducing the Impact of Existing Technologies’. Delegates had the opportunity to discuss their own experiences and thoughts on the various topics discussed.

APSE Cemeteries and Crematoria Seminar

Professor Hilary Grainger represented the Society at the Association for Public Service Excellence Cemeteries and Crematoria Seminar in November 2021, addressing delegates on ‘Designs on Death: the architecture and cultural significance of crematoria’.

Birmingham University Graduates Club

Professor Hilary Grainger represented the Society at the Birmingham University Graduates Club in February 2022, with a paper titled: ‘Death Styles: Changing attitudes to Death, Disposal and Memorialisation’.

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o Publications

The Society produces a number of publications some of which are either available to purchase, or view freely, via the Society’s website. 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 and used widely across the funeral sector.

Other publications include ‘Questions People Ask about Cremation’ , and a newly published edition of ‘Catholics and Cremation’ written by Monsignor Kevin McGinnell, both of which are available as a free download from the Society’s website.

As part of its commitment to reduce its environmental impact, the Society intends to make as many publications as possible available in an on-line format, where requested.

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

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.

The most commonly visited page of the website is the Society’s ‘Statistics’ page which includes information on the progress of cremation from 1885; annual cremation statistics from crematoria across the British Isles and internationally; annual cremation numbers by county, as well as an annual cremation fee league table for crematoria across the British Isles.

 Newsletter and Twitter

The Society’s monthly e-news review is free-to-view and can be subscribed to via the Society’s website. It is currently circulated to over 1700 recipients worldwide, providing updates on all aspects affecting the cremation sector, including highlighting environmental and other best practice initiatives. The Society has social media engagement via Twitter (910 followers) and Linkedin (470 followers). Updates on changes to COVID guidance and other general legislative and news updates are shared on Twitter to provide ‘real-time’ engagement with the public.

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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, collating annual cremation numbers (including specific information on direct cremations) as well as information on cremation fees, and the provision of facilities/services by crematoria. The annual cremation numbers (for both national and international crematoria) and cremation fee information are published on the Society’s website. A dedicated statistics issue of Pharos International is published annually providing a full picture of moving trends, as well as data on death and cremation rates.

The statistics have been used by the Competition and Markets Authority (CMA) as part of their Funerals Market Investigations, as well as being provided to government departments particularly during the pandemic. The information published is also widely used by organisations within the death care sector. The Society relies on the goodwill of crematoria in providing their information and cremation numbers and the Society’s 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

The Society regularly fields enquiries from members of the public and funeral sector colleagues covering many issues relating to cremation. These range from disputes over the entitlement to ashes, queries on requirements for the scattering of ashes, queries concerning pacemakers, families trying to locate scattered ashes, the cremation of body parts, and the repatriation of ashes. The Society has also assisted the police in a number of enquiries over potential offences committed under the Cremation Act 1902. All enquiries are retained in a log within the Society’s offices. The Society works with fellow organisations to try to ensure bereaved members of the public are able to resolve any issues raised.

 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.

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 Sector engagement

The Society has supported other organisations within the death care sector in attending a number of events, many postponed during COVID-restrictions, during the period under review. These have included attending the National Funeral Exhibition, dedication services for new crematoria at Huntingdon, Stirling and Sirhowy Valley, together with the 30[th] anniversary of Westerleigh Crematorium and Cemetery, with Professor Hilary Grainger being invited to prepare the foreword to Westerleigh’s commemorative book. Professor Grainger also represented the Society at the BIFD Gala Dinner in Cheshire.

Professor Hilary Grainger, as Chair of the Society, produced the foreword to a monograph on the architect Richard Twentyman, the designer of Bushbury Crematorium, Wolverhampton and Redditch Crematorium. The book is due for publication later this year/early 2023 (Christopher Kennedy & Aiden Ridyard, Richard Twentyman).

 Media engagement

Professor Hilary Grainger represented the Society on Times Radio’s breakfast show, discussing the anniversary of the first cremation carried out at Woking Crematorium, and also featured in a BBC Idea’s video: ‘A potted history of cremation’ which has had over 2,900 views on YouTube.

Research

The Society continues to work with Professor Douglas Davies of Durham University on his ‘COVID-19 and Cremation’ research project, having circulated a questionnaire to UK crematoria seeking crematoria staff feedback on the COVID-19 pandemic, how the crematorium facilities were viewed and used during that time, the challenges faced, and their own experiences and that of their teams. The Society looks forward to the outcome of Professor Davies’ research which will be published in Pharos International when available.

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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 £183,337 as compared with an increase of £908,318 (as restated) for the previous year.

Brecon House

The property provides a significant income for the Society and following the vacation of the ground and second floors in September 2021, the Society has seen a reduction in its rental income. The second and third floors are now occupied and it is hoped the ground floor will be re-let in the near future. The property is kept under review as the commercial rental market moves but at present the current intention is to re-let any 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 is in the process of carrying out an environmental assessment of its own offices and will be taking action to improve its environmental impact.

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 21 July 2022. The income from the portfolio’s endowment fund is being monitored to keep track of whether income distributions in the future will be reduced.

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 £590,225. In the previous year the restated profit before taxation amounted to £1,152,794. The Company carried out 8,415 cremations during the year, a decrease of 20.7% on the previous year, as demand reverted to pre-pandemic levels.

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 £9,681,879. 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 £37,472 compared with a net income of £27,213 in the previous year.

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FUTURE PLANS

The Society’s ongoing plans include:-

5. 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.

The Society’s Council currently comprises of eight 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 future meetings will be held remotely wherever possible, to reduce the Council’s environmental impact, but in-person whenever there is a need.

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The Society’s Council lost two valued members with the resignation of Revd Dr P C Peter Jupp in September 2021 and the sad death of Harvey Thomas CBE in March 2022. Both served as Council members for many years and acted as Chair to the Council from 2001 to 2009 and 2009 to 2018 respectively. Their knowledge of the sector and their contribution to the achievements of the Society, will be missed.

The Society appointed Bishop Christopher Foster to the Council in July 2022. Bishop Christopher Foster chairs the Churches Funerals' Group. He was Church of England Bishop of Portsmouth (and previously of Hertford) and a Lord Spiritual until May 2021. With over forty years of ordained ministry, after a short time as an academic economist in two universities, he has wide experience of diverse people and communities. His pastoral understanding of the sensitivities and challenges at and around the time of death and bereavement mean that he is committed to the best provision possible by all those involved in funerals. During his time as a member of the House of Lords he frequently spoke on matters of fairness and respect. Christopher is a non-executive director of NHS Somerset, chairing the Renumeration Committee, and a board member and trustee at the Royal Hospital for Neuro-disability, chairing its' ethics 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 unpaid and known as Members of the Council) who served during the year were as follows:-

Lord de Mauley (Honorary President) Professor H J Grainger OBE (Chair) C F Rickman (Vice-Chair) R Clarke Professor H A Conway Mrs D Kerslake A Mallalieu Revd Dr P C Jupp (resigned 24 September 2021) R Powell (resigned 21 February 2022) H Thomas CBE (died 13 March 2022)

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 £69,250 during the year ended 31 March 2022 (2021: £74,500).

H Thomas CBE (died 13 March 2022) Revd Dr P C Jupp (resigned 24 September 2021) 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:

Ordinary Shares Ordinary Shares Preference Shares Preference Shares
31/03/2022 01/04/2021 31/03/2022 01/04/2021 31/03/2022 01/04/2021
H Thomas CBE (deceased) 4,208 2,046 2,014 2,014
Revd Dr P C Jupp - - - - 951 951
Lord de Mauley - - - - - -
Non-Beneficial Trustee Interests:
H Thomas CBE (deceased) 220,000 220,000 220,000 220,000 220,000 220,000
- -		 - -

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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. The Council offers warm thanks for the team’s enthusiastic work and commitment.

All staff undertake regular online training covering data protection, office safety, cyber security, and equality and diversity. An external HR consultancy service is 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. Fire risk and health and safety assessments have also been carried out for both the 1[st] floor offices occupied by the Society’s office team, as well as the common areas of Brecon House.

6. 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.

7. 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.

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8. APPOINTMENT OF AUDITORS

A resolution will be submitted to the forthcoming Annual General Meeting that Messrs Begbies, Chartered Accountants, be re-appointed Auditors of the Society.

BY ORDER OF THE COUNCIL

Professor Hilary J. Grainger OBE

Chair

Dated:

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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 2022

Opinion

We have audited the financial statements of the Cremation Society of Great Britain (the 'charitable company') for the year ended 31 March 2022 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.

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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 2022

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:

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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF THE CREMATION SOCIETY OF GREAT BRITAIN FOR THE YEAR ENDED 31 MARCH 2022

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion.

There are inherent limitations in the audit procedures performed and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company’s members, as 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 report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Daniel Valentine ACA

Senior Statutory Auditor

For and on behalf of

Begbies Chartered Accountants and Statutory Auditors Old Printers House Stone Street Cranbrook TN17 3HF

Page 19

THE CREMATION SOCIETY OF GREAT BRITAIN CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

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 gains/(losses) 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 2021
Total Funds at 31 March 2022		 2022
Unrestricted
Funds
£
-
41,485
7,760,941
83,622
7,886,048
7,151,453
50,224
186,414
303,553
5,854
7,697,498
39,459
228,009
(44,672)
-
183,337
11,151,974
11,335,311		 As restated
Unrestricted
Funds
£
-
37,274
8,391,367
111,575
8,540,216
7,222,882
44,366
195,971
302,440
6,035
7,771,694
272,326
1,040,848
(132,530)
-
908,318
10,243,656
11,151,974
2021

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 20

THE CREMATION SOCIETY OF GREAT BRITAIN SOCIETY ONLY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Income from:
Donations
Charitable activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
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 2021
Total Funds at 31 March 2022		 Total
2022
£
2,500
41,485
230,125
274,110
50,223
186,415
236,638
37,472
-
39,459
39,459
76,931
-
76,931
2,786,929
2,863,860		 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

Page 21

THE CREMATION SOCIETY OF GREAT BRITAIN CONSOLIDATED BALANCE SHEET AT 31 MARCH 2022

Notes
Fixed assets
Tangible assets
16
Intangible assets
17
Investments
18
Current assets
Stocks
20
Debtors
21
Cash at bank and in hand
Creditors: amounts falling due within one
year
22
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
23
Provision for liabilities and charges
25
Net assets
The funds of the charity
Unrestricted funds
- General fund
26
- Designated funds
26
Total Charity funds
Minority interest		 As restated
2022
£
£
13,159,486
13,533,965
36,802
72,931
1,930,621
1,890,327
15,126,909
15,497,223
16,841
12,684
1,279,529
1,322,533
5,740,967
5,025,116
7,037,337
6,360,333
(2,206,306)
(2,334,497)
4,831,031
4,025,836
19,957,940
19,523,059
(6,158,663)
(6,118,655)
(873,540)
(681,645)
12,925,737
12,722,759
10,797,493
10,614,134
537,818
537,840
11,335,311
11,151,974
1,590,426
1,570,785
12,925,737
12,722,759
2021
Group		 2022
£
£
528,814
525,000
-
-
2,178,974
2,138,680
2,707,788
2,663,680
-
-
32,704
31,922
178,958
139,986
211,662
171,908
(42,884)
(45,953)
168,778
125,955
2,876,566
2,789,635
-
-
(12,706)
(2,706)
2,863,860
2,786,929
2,077,689
2,000,736
786,171
786,193
2,863,860
2,786,929
-
-
2,863,860
2,786,929
2021
Society

Approved by the Council and signed on 23 November 2022 on their behalf by:

Professor H J Grainger OBE Chair

The Notes to the Accounts form part of the Financial Statements

Page 22

THE CREMATION SOCIETY OF GREAT BRITAIN CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

Cash flows from operating activities
Net income for the year (as per the Statement of Financial Activities)
Adjustments for:
Depreciation
Amortisation
(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 intangible fixed assets
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 2021
Cash and cash equivalents at 31 March 2022
Cash and cash equivalents at the year end comprise:
Cash at bank and in hand
Cash at brokers		 2022
£
228,009
640,383
43,053
30,535
-
(39,459)
(83,622)
166,898
303,553
(4,157)
42,968
340,830
(266,761)
1,402,230
83,622
(309,660)
(6,924)
(46)
13,221
(219,787)
(275,607)
(23,298)
(166,898)
(465,803)
716,640
5,062,727
5,779,367
5,740,967
38,400
5,779,367		 2021
£
1,040,848
625,303
-
22,475
50,000
(322,326)
(111,575)
178,357
351,909
(1,468)
86,446
541,874
(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

Page 23

THE CREMATION SOCIETY OF GREAT BRITAIN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

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. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. No amortisation is provided in respect of these assets until they are brought into use.

Computer software and website - 10 years straight line

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.

Page 24

THE CREMATION SOCIETY OF GREAT BRITAIN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their estimated useful lives on the following bases:

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

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

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 comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

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 2022.

j) Estimated liability for cremation fees

Claims on membership certificates during the year are charged to the Statement of Financial Activities. The estimated liability on outstanding certificates is considered on the basis of information extracted from the Society's membership records and taking into account the incidence of claims over the years but the precise number of future claims cannot be accurately determined.

k) Subsidiary company activities

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

Page 25

THE CREMATION SOCIETY OF GREAT BRITAIN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

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.

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.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

p) Dividends

The subsidiary's equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Page 26

THE CREMATION SOCIETY OF GREAT BRITAIN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

q) Fund accounting

Unrestricted general fund

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

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.

t) Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown with borrowings in current liabilities.

u) Financial instruments

The Society and its subsidiary company have elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

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.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

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.

Page 27

THE CREMATION SOCIETY OF GREAT BRITAIN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

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

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

The areas where uncertainty of estimation arise are in deferred income, where management judgement is employed to defer income based on estimated time spent on memorial maintenance 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.

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		 Group
Total
2022
£
41,485
Group
Total
2022
£
7,760,941
Group
Total
2022
£
50,754
2,848
21,594
8,376
50
83,622		 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

All income from investments arises in respect of the Unrestricted General Fund.

Page 28

THE CREMATION SOCIETY OF GREAT BRITAIN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

7
EXPENDITURE ON RAISING FUNDS
Other trading activities
The London Cremation Company Plc
Cost of sales, administrative expenses and interest payable
Exceptional items
- 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
2022
£
7,151,453
-
-
7,151,453
34,097
16,127
7,201,677
Group
Total
2022
£
43,508
142,906
186,414		 Group
Total
2021
£
7,035,653
133,882
53,347
7,222,882
25,077
19,289
7,267,248
Group
Total
2021
£
25,038
170,933
195,971

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

9
SUPPORT COSTS
Staff costs
Establishment and administration
Finance and sundry expenses
Depreciation
Allocation for 2021
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 of tangible fixed assets
Loss on disposal of tangible fixed assets
Amortisation of intangible assets
Operating lease charges		 Raising
funds
£
(see note 7)
9,291
2,362
4,410
64
16,127
19,289		 Charitable
activities
£
(see note 8)
82,327
20,926
39,081
572
142,906
170,933		 Total
2022
£
91,618
23,288
43,491
636
159,033
2022
£
5,500
3,475
275
20,500
4,000
5,750
155,975
640,383
30,535
43,053
42,355		 Total
2021
£
127,316
22,943
39,963
-
190,222
190,222
2021
£
5,150
3,350
250
24,500
4,450
4,050
167,434
625,303
2,287
-
42,355

Page 29

THE CREMATION SOCIETY OF GREAT BRITAIN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

----- Start of picture text -----
||||| |---|---|---|---| |11|STAFF COSTS|2022|2021| |£|£| |Wages and salaries|2,657,884|2,673,194| |Social security costs|267,534|257,412| |Pension contributions - defined contributions|129,896|133,582| |3,055,314|3,064,188| |The average number of persons employed by the group, excluding non-executive directors, during the year was as follows:| |Society| |- charitable, fundraising and administration|4|5| |Subsidiary| |- Operational|45|40| |- Administrative|32|37| |81|82| |Subsidiary company directors' remuneration|£|£| |Directors' emoluments|367,351|362,213| |Directors' pension costs - defined contribution scheme|22,500|22,500|

----- End of picture text -----

The highest paid director received remuneration of £154,810 (2021: £150,415), and pension contributions of £14,000 (2021: £14,000).

Charity

No charity employee received employee benefits of more than £60,000.

Total emoluments received by the charity's key management personnel

----- Start of picture text -----
||| |---|---| |2022|2021| |£|£| |66,010|103,329|

----- End of picture text -----

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 £1,309 (2021 - £217) were reimbursed to 5 (2021 - 5) 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.

----- Start of picture text -----
|||| |---|---|---| |Restated| |The summary financial performance of the subsidiary is:|2022|2021| |£|£| |Turnover|7,760,941|8,391,367| |Cost of sales, administrative expenses and interest payable|(7,151,434)|(7,035,653)| |-| |Exceptional administrative expenses|(187,229)| |Donation to parent undertaking|(2,500)|(2,500)| |Preference dividends paid|(16,797)|(16,958)| |Interest receivable|15|3,767| |Profit before tax|590,225|1,152,794| |Tax on profit|(303,553)|(302,440)| |Profit after tax|286,672|850,354| |Retained earnings at beginning of the year|8,956,899|8,235,719| |Dividends paid|(160,625)|(129,174)| |Retained earnings at the end of the year|9,082,946|8,956,899|

----- End of picture text -----

Page 30

THE CREMATION SOCIETY OF GREAT BRITAIN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

Restated
2022 2021
The assets and liabilities of the subsidiary were: £ £
Tangible fixed assets 12,630,672 13,008,965
Intangible fixed assets 36,802 72,931
Current assets 6,825,675 6,188,425
Current liabilities (2,163,422) (2,288,544)
Other liabilities (7,123,527) (6,901,624)
Total net assets 10,206,200 10,080,153
Aggregate share capital and reserves 10,206,200 9,358,973
14 INTEREST PAYABLE 2022 2021
Bank loans and overdrafts £
161,399		 £
161,399
Subsidiary preference dividends paid to minority shareholders 5,874 6,035
167,273 167,434
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 2022
£
131,051		 2021
£
226,743
Adjustments in respect of prior periods (9,391) -
Total current tax 121,660 226,743
Origination and reversal of timing differences 181,893 75,697
Total deferred tax 181,893 75,697
Tax on profit on ordinary activities 303,553 302,440
Reconciliation of tax charge to accounting profit
Profit on ordinary activities before tax 590,225 1,152,794
Profit on ordinary activities multiplied by small company rate of
corporation tax - 19% (2021: 19%) 112,143 219,031
Effect of:
Expenses not deductible for tax purposes 4,255 2,951
Adjustments to tax charge in respect of prior periods (9,391) -
Fixed asset permanent difference 14,604 9,488
Change in deferred tax rate 181,895 70,970
Research and development tax credit (5,754) -
Other permanent differences 5,801 -
Current tax charge for the year 303,553 302,440

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.

Page 31

THE CREMATION SOCIETY OF GREAT BRITAIN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

16 TANGIBLE FIXED ASSETS

a. Group
Cost or valuation
At 1 April 2021
Additions
Disposals
Revaluations
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
Eliminated on disposal
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021
b. Society
Cost or valuation
At 1 April 2021
Additions
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 Freehold
investment
property
£
525,000
-
-
-
525,000
-
-
-
-
525,000
525,000		 Freehold and
leasehold
property
£
11,204,337
-
-
-
11,204,337
1,401,475
110,983
-
1,512,458
9,691,879
9,802,862		 Assets
under
construction
£
50,411
22,741
-
-
73,152
-
-
-
-
73,152
50,411		 Plant and
machinery,
motor vehicles
£
5,681,091
182,326
(115,686)
-
5,747,731
3,090,768
486,317
(71,930)
3,505,155
2,242,576
2,590,323
Freehold
investment
property
£
525,000
-
525,000
-
-
-
525,000
525,000		 Fixtures
and
fittings
£
1,288,490
104,593
-
-
1,393,083
723,121
43,083
-
766,204
626,879
565,369
Fixtures
and
fittings
£
30,205
4,450
34,655
30,205
636
30,841
3,814
-		 Total
£
18,749,329
309,660
(115,686)
-
18,943,303
5,215,364
640,383
(71,930)
5,783,817
13,159,486
13,533,965
Total
£
555,205
4,450
559,655
30,205
636
30,841
528,814
525,000

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 trustees consider the market value at 31 March 2022 will not be materially different. 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).

Page 32

THE CREMATION SOCIETY OF GREAT BRITAIN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

17 INTANGIBLE FIXED ASSETS

a. Group
Cost or valuation
At 1 April 2021
Additions
At 31 March 2022
Amortisation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021
a. Group
Market value
At 1 April 2021
Additions
Cash at brokers
At 31 March 2022
Cost
At 1 April 2021
Additions
Cash at brokers
At 31 March 2022
FIXED ASSET INVESTMENTS
Net (losses)/gains on revaluations		 Listed
£
1,839,876
-
39,527
1,879,403
38,400
1,917,803
1,407,856
-
1,407,856
38,400
1,446,256		 Unlisted
£
12,840
46
(68)
12,818
-
12,818
297
46
343
-
343		 Computer
costs and
website
£
72,931
6,924
79,855
-
43,053
43,053
36,802
72,931
2022
£
1,852,716
46
39,459
1,892,221
38,400
1,930,621
1,408,153
46
1,408,199
38,400
1,446,599		 Total
£
72,931
6,924
79,855
-
43,053
43,053
36,802
72,931
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

18 FIXED ASSET INVESTMENTS

Page 33

THE CREMATION SOCIETY OF GREAT BRITAIN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

b. Society
Market value/cost
At 1 April 2021
Additions
Cash at brokers
At 31 March 2022
Cost
At 1 April 2021
Additions
Disposals at cost
At 31 March 2022
Cash at brokers
At 31 March 2022
Net (losses)/gains on revaluations		 Subsidiary
£
248,353
-
-
248,353
-
248,353
248,353
-
-
248,353
-
248,353		 Listed
£
1,839,876
-
39,527
1,879,403
38,400
1,917,803
1,407,856
-
-
1,407,856
38,400
1,446,256		 Unlisted
£
12,840
46
(68)
12,818
-
12,818
297
46
-
343
-
343		 2022
£
2,101,069
46
39,459
2,140,574
38,400
2,178,974
1,656,506
46
-
1,656,552
38,400
1,694,952		 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

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

19 GAINS AND LOSSES ON FIXED ASSET INVESTMENTS

GAINS AND LOSSES ON FIXED ASSET INVESTMENTS
Unrealised gains and losses
Market value at 31 March 2022
Cost
Unrealised gains to date
Unrealised gains b/fwd at 1 April 2021
Unrealised gains/(losses) in year
Unrealised gains c/fwd at 31 March 2022		 2022
£
1,892,221
(1,408,199)
484,022
444,563
39,459
484,022		 2021
£
1,852,716
(1,408,153)
444,563
122,237
322,326
444,563
20 STOCKS
Brochures and transit urns
Memorials
21 DEBTORS
Trade debtors
Other debtors
Prepayments and accrued income		 2022
2021
£
£
11,315
8,146
5,526
4,538
16,841
12,684
2022
2021
£
£
836,684
875,462
68,078
18,973
374,767
428,098
1,279,529
1,322,533
Group
Group		 2022
2021
£
£
-
-
-
-
-
-
2022
2021
£
£
21,396
25,688
1,809
1,844
9,499
4,390
32,704
31,922
Society
Society

Page 34

THE CREMATION SOCIETY OF GREAT BRITAIN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

22 CREDITORS: amounts falling due within one year

Bank loans
Trade creditors
Corporation tax
Taxation and social security
Other creditors
Accruals and deferred income		 2022
2021
£
£
265,545
275,607
535,887
648,310
81,582
226,685
87,458
95,332
68,132
93,003
1,167,702
995,560
2,206,306
2,334,497
Group		 2022
2021
£
£
-
-
8,176
4,107
-
-
1,547
1,739
12,088
19,025
21,073
21,082
42,884
45,953
Society

23 CREDITORS: amounts falling due after more than one year

Bank loans
Deferred income
10.5% cumulative preference shares (held by
minority shareholders)		 2022
2021
£
£
3,455,466
3,721,011
2,647,449
2,340,951
55,748
56,693
6,158,663
6,118,655
Group		 2022
2021
£
£
-
-
-
-
-
-
-
-
Society

24 LOANS AND DEFERRED INCOME: analysis of maturity of debt

Within one year or on demand
- loans
- deferred income
Payable after one year
- loans
- deferred income		 2022
2021
£
£
265,545
275,607
508,146
472,004
3,615,244
3,881,734
2,647,449
2,340,951
7,036,384
6,970,296
Group		 2022
2021
£
£
-
-
-
-
-
-
-
-
-
-
Society

Included within bank loans is £61,776 (2021 - £140,578 ). This loan is repayable over 143 months with an interest rate of 5.1%. A further bank loan of £3,659,235 (2021: £3,856,040 ) is held under the security of debentures and a charge over the freehold land and buildings at the subsidiary company's crematoria in St Marylebone and Banbury. This loan is repayable over 20 years with an interest rate of Base Rate plus 1.79%.

25 PROVISION FOR LIABILITIES AND CHARGES

Deferred taxation
Membership subscriptions repayable and cremation fees
payable		 2022
2021
£
£
12,706
2,706
860,834
678,939
873,540
681,645
Group		 2022
2021
£
£
12,706
2,706
-
-
12,706
2,706
Society

The provision for deferred taxation is made up of £687,247 (2021: £526,589) accelerated capital allowances and £173,587 (2021: £152,350) timing difference arising on rollover relief.

Page 35

THE CREMATION SOCIETY OF GREAT BRITAIN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

26 UNRESTRICTED FUNDS

a. General fund
Balance at 1 April 2021
Net movement for the year
Effect of prior period restatement
Transfer from/(to) designated funds
Balance at 31 March 2022
b. Designated freehold property fund
Balance at 1 April 2021
Transfer from General fund
Balance at 31 March 2022		 2022
2021
£
£
10,614,134
9,656,424
183,337
1,086,348
-
(178,030)
22
49,392
10,797,493
10,614,134
2022
2021
£
£
525,000
575,000
-
(50,000)
525,000
525,000
Group
Group		 2022
2021
£
£
2,000,736
1,651,805
76,931
299,539
-
-
22
49,392
2,077,689
2,000,736
2022
2021
£
£
525,000
575,000
-
(50,000)
525,000
525,000
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 2021
Transfer from General fund
Balance at 31 March 2022		 2022
2021
£
£
12,840
12,232
(22)
608
12,818
12,840
Group		 2022
2021
£
£
261,193
260,585
(22)
608
261,171
261,193
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 2022
537,818
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		 537,840 Unrestricted
general
fund
£
12,634,486
36,802
1,917,803
4,831,031
(6,158,663)
(873,540)
12,387,919
(1,590,426)
10,797,493		 786,171
Unrestricted
designated
funds
£
525,000
-
12,818
-
-
-
537,818
-
537,818		 786,193
Total
2022
£
13,159,486
36,802
1,930,621
4,831,031
(6,158,663)
(873,540)
12,925,737
(1,590,426)
11,335,311

27 ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS

Page 36

THE CREMATION SOCIETY OF GREAT BRITAIN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

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
£
13,008,965
72,931
1,877,487
4,236,729
(6,118,655)
(681,645)
12,395,812
(1,603,648)
10,792,164		 Unrestricted
designated
funds
£
525,000
-
12,840
-
-
-
537,840
-
537,840		 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 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 £16,272 (2021 - £19,630) were payable to the fund at 31 March 2022 and are included in creditors.

29 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		 2022
2021
£
£
58,438
56,932
164,459
176,217
2,712,996
2,750,654
2,935,893
2,983,803
Group

Page 37

THE CREMATION SOCIETY OF GREAT BRITAIN NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

30 PRIOR PERIOD ADJUSTMENT

Changes to the balance sheet
Creditors due within one year
Corporation tax
Taxation and social security
Accruals and deferred income
Net assets
Funds of the charity
General fund
Minority interest
Changes to the statement of financial activities
Expenditure on other trading activities
Taxation
Net income
Attributable to minority interest
Net movement in funds		 As previously
reported
£
276,154
127,383
703,147
12,933,652
10,792,164
1,603,648
6,962,520
351,909
1,251,741
165,393
1,086,348		 Adjustment
£
(49,469)
(32,051)
292,413
(210,893)
(178,030)
(32,863)
(260,362)
49,469
(210,893)
32,863
(178,030)		 As restated
at 31/03/21
£
226,685
95,332
995,560
12,722,759
10,614,134
1,570,785
7,222,882
302,440
1,040,848
132,530
908,318

The directors of the subsidiary identified VAT undercharged by suppliers in 2021. Accordingly, the trustees have decided to restate the comparatives.

Page 38

THE CREMATION SOCIETY OF GREAT BRITAIN FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

The following pages do not form part of the Statutory Financial Statements.
Statement of Financial Activities 39
Balance sheet 40
Schedule of income 41
Schedule of expenditure 42-43
Schedule of investments 44

THE CREMATION SOCIETY OF GREAT BRITAIN STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Income from:
Donations
Charitable activities
Investments
Total income(page 41)
Expenditure on:
Raising funds
Charitable activities
Total expenditure(pages 42-43)
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 2021
Total Funds at 31 March 2022		 Designated
General
Total
Total
2022
2022
2022
2021
£
£
£
£
-
2,500
2,500
2,500
-
41,485
41,485
37,274
-
230,125
230,125
227,776
-
274,110
274,110
267,550
-
50,223
50,223
44,366
-
186,415
186,415
195,971
-
236,638
236,638
240,337
-
37,472
37,472
27,213
-
-
-
-
(68)
39,527
39,459
272,326
(68)
39,527
39,459
272,326
(68)
76,999
76,931
299,539
46
(46)
-
-
(22)
76,953
76,931
299,539
786,193
2,000,736
2,786,929
2,487,390
786,171
2,077,689
2,863,860
2,786,929

Page 39

THE CREMATION SOCIETY OF GREAT BRITAIN BALANCE SHEET AT 31 MARCH 2022

Fixed assets
Tangible assets
- Investment property
- Fixtures, fittings & equipment
Investments (page 44)
- 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
3,814
528,814
261,171
1,917,803
2,178,974
2,707,788
32,704
178,958
211,662
(42,884)
168,778
2,876,566
(12,706)
2,863,860
2,077,689
786,171
2,863,860
2022		 £
£
525,000
-
575,000
261,193
1,877,487
2,138,680
2,713,680
31,922
139,986
171,908
(45,953)
125,955
2,839,635
(2,706)
2,836,929
2,000,736
786,193
2,786,929
2021

Page 40

THE CREMATION SOCIETY OF GREAT BRITAIN SCHEDULE OF INCOME FOR THE YEAR ENDED 31 MARCH 2022

INCOME FROM DONATIONS
Donation from London Cremation Company Plc
INCOME FROM CHARITABLE ACTIVITIES
Cremation conference and publications
Cremation conference
Seminar
Pharos Journal
Directories of crematoria
Other publications
Royalties received
Claims
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
TOTAL INCOME		 2022
£
2,500
2,500
3,450
1,320
26,351
7,396
46
2,915
7
41,485
50,754
2,848
10,923
135,595
200,120
21,594
8,376
35
230,125
274,110		 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

Page 41

THE CREMATION SOCIETY OF GREAT BRITAIN SCHEDULE OF EXPENDITURE FOR THE YEAR ENDED 31 MARCH 2022

EXPENDITURE ON RAISING FUNDS
Investment property expenses
Light and heat
Water and sewerage
Health and safety fees
Caretaking, cleaning and refuse
Repairs to property
Legal and professional
Watson Day management charge
Share of support costs
EXPENDITURE ON CHARITABLE ACTIVITIES
Charitable activities
Cremation conference
Seminar expenses
Professional fees
Pharos Journal
Literature and brochures
Directories of crematoria
Claims paid
Provision for cremation claims
Share of support costs
TOTAL EXPENDITURE		 2022
£
4,853
915
2,910
9,543
6,078
4,298
5,500
34,097
16,126
50,223
5,770
285
8,422
16,142
1,002
1,880
7
10,000
43,508
142,907
186,415
236,638		 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

Page 42

THE CREMATION SOCIETY OF GREAT BRITAIN SCHEDULE OF EXPENDITURE FOR THE YEAR ENDED 31 MARCH 2022

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%)		 2022
£
87,673
158
915
2,872
2,156
2,843
3,572
5,011
2,072
835
1,212
857
1,131
492
3,107
114,906
10,170
13,530
315
6,698
944
9,518
878
1,238
200
-
636
44,127
159,033
16,126
142,907
159,033		 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
17,392
154,129
171,521

Page 43

THE CREMATION SOCIETY OF GREAT BRITAIN SCHEDULE OF INVESTMENTS YEAR ENDED 31 MARCH 2022

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
12,840
24
46
248,650
261,193
46
LISTED INVESTMENTS
Sarasin
Sarasin Endowments Fund Class A (income)
1,542,687
1,407,856
1,839,876
Cash at brokers
37,611
37,611
1,445,467
1,877,487
-
1,694,117
2,138,680
46
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
6,782
343
12,818
-
-
-
-
248,696
261,171
-
1,542,687
1,407,856
1,879,403
38,400
38,400
-
-
-
-
1,446,256
1,917,803
-
-
-
-
1,694,952
2,178,974		 Revalue
-
-
(68)
(68)
39,527
39,527
39,459

Page 44