**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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**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**
- to promote the practice of cremation for the respectful disposal of the 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 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:
- hosting of regular cremation conferences, meetings and lectures, both nationally and internationally,
- promoting the work of the International Cremation Federation
- publication of materials and public communications to disseminate knowledge about cremation;
- continued collation and publication of national and international statistical information and cremation data
- monitoring all forms of new technology and equipment that may better protect the environment for the future
- providing an impartial resource to members of the public and funeral sector generally on all matters relating to cremation
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**THE CREMATION SOCIETY OF GREAT BRITAIN**
## **REPORT OF THE COUNCIL**
## **Future Aims**
Looking ahead the Society plans to:
- further develop communication and networking opportunities with government departments, stakeholders and fellow organisations
- promote the role of the Society as the international repository of cremation statistics and data worldwide and by building on existing relationships with international colleagues, to promote cremation practice across the world
- employ a data analyst on short term contract to work on specific projects regarding statistics for the sector and the public
- through Council members’ appointment to the International Cremation Federation’s technical, and legal sub-committees, to continue to promote best cremation practice nationally and internationally
- foster national and international research projects on cremation, for worldwide dissemination, including the funding of a research project led by Professor Douglas Davies from the Centre for Death and Life Studies at the University of Durham to look at the impact of the COVID-19 pandemic on the cremation sector
- continue to explore additional or alternative methods of disposal where appropriate, particularly with the environmental impact of alternative methods in mind
- monitor its operations in order to evaluate the success of its strategies.
## **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 CREMATION SOCIETY OF GREAT BRITAIN**
## **REPORT OF THE COUNCIL**
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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**THE CREMATION SOCIETY OF GREAT BRITAIN**
## **REPORT OF THE COUNCIL**
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 CREMATION SOCIETY OF GREAT BRITAIN**
## **REPORT OF THE COUNCIL**
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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**THE CREMATION SOCIETY OF GREAT BRITAIN**
## **REPORT OF THE COUNCIL**
’ ‘ ’ 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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**THE CREMATION SOCIETY OF GREAT BRITAIN**
## **REPORT OF THE COUNCIL**
## `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:
- Pharos International – the official journal of the Cremation Society and the International Cremation Federation. Since July 2019 an additional dedicated annual statistics issue has been published. Contents include CBCE presentations, environmental news, articles contributed from authors from across the cremation world, crematoria planning updates, and the development of the practice of cremation in countries where it has not yet been introduced.
- Directory of Crematoria
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 CREMATION SOCIETY OF GREAT BRITAIN**
## **REPORT OF THE COUNCIL**
- **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.
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**
- Enquiries
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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**THE CREMATION SOCIETY OF GREAT BRITAIN**
## **REPORT OF THE COUNCIL**
## 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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**THE CREMATION SOCIETY OF GREAT BRITAIN**
## **REPORT OF THE COUNCIL**
## 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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## **REPORT OF THE COUNCIL**
## **FUTURE PLANS**
The Society’s ongoing plans include:-
- Continuing to work with government departments, stakeholders and fellow organisations, particularly through its membership of the Deceased Management Advisory Group
- Representing the interests of the bereaved and the cremation sector through its membership of the All-Party Parliamentary Group for Funerals and Bereavement
- Expanding its role as the international repository of cremation data, in order to provide more information for use by both the public and sector colleagues
- Continuing to promote best practice through its shareholding of its subsidiary company shares. The subsidiary company is developing a decarbonation roadmap to achieve net zero carbon emissions by the end of 2030
- Promoting cremation practice internationally through Council members’ work with the International Cremation Federation’s generally and within the technical and legal sub-committees
- Continuing to press government departments to give more priority to the clarification and development of cremation guidelines including contributing to the Law Commission’s 14[th] Programme of Law Reform which has been confirmed will include ‘A Modern Framework for Disposing of the Dead’
- Contributing to improved environmental practices, through its inclusion in the Environment Agency’s Technical Working Group formed as part of the Process Guidance Notes 5/12 review
- Investigating new research projects, including those relating to the environmental impact of cremation, alternative fuel sources, and other methods of disposal
- Continuing to explore additional or alternative methods of disposal, with environmental impacts in mind
- Monitoring its operations in order to evaluate the success of its strategies.
## **5. STRUCTURE, GOVERNANCE AND MANAGEMENT**
- **Structure**
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 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 CREMATION SOCIETY OF GREAT BRITAIN**
## **REPORT OF THE COUNCIL**
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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**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. 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.
- **Risk Management**
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:
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Society will continue in business.
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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## **THE CREMATION SOCIETY OF GREAT BRITAIN**
## **REPORT OF THE COUNCIL**
## **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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## **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:
- give a true and fair view of the state of the group's and the parent charitable company's affairs as at 31 March 2022 and of the group's and the parent charitable company's net movement in funds, including the group's and parent income and expenditure for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **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 17**
**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:
- the information given in the trustees’ report, which includes the directors’ report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the directors’ report included within the trustees’ report has been prepared in accordance with applicable legal requirements.
## **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:
- the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us;
- the parent charitable company's financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law or not made; or
- we have not received all the information and explanations we require for our audit.
## **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:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
**Page 18**
**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**
- Audit planning and fieldwork included specifically engaging with the auditors of the company's subsidiary, London Cremation Company plc, to ensure that their audit procedures correctly take account of the possibility of irregularities, including fraud, and instances of non compliance with laws and regulations, and that they respond to any such instances appropriately
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
- Agreement of the financial statement disclosures to underlying supporting documentation;
- Enquiries and confirmation of management and the trustees as to their identification of any noncompliance with laws or regulations, or any actual or potential claims;
- Review of minutes of Board meetings throughout the period;
- Incorporating unpredictability into the nature, timing and/or extent of testing.
- Evaluation of the selection and application of the accounting policies chosen by the charity.
- In relation to the risk of management override of internal controls, by undertaking procedures to review journal entries and evaluating whether there was evidence of bias that represented a risk of material misstatement due to fraud; and
- We assessed the susceptibility of the charity’s financial statements to material misstatement, including how fraud might occur by considering the key risks impacting the financial statements.
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**