2023-12-31-accounts

REGISTERED CHARITY NUMBER: 252498 REPORT OF THE TRUSTEES AND VNAUDITEO FINANCIAL STATEMEPITS FOR TME YEAR ENDED 31ST DECEMBER 2023 VOR THE CHARrrAIILE FV14D OV ThE LONDON ASSOCIATION OF FUNERAL DIRECTORS Clemence Hoar Cummin9S Chartered Accountants Rlverslde House 1.5 Com0 Street Romford E55ex RM7 7DN

THE CHAR￿ABLE FUND OF THE LONDON ASSOCIAT1014 OF FUNERAL OIREcfoRS CONTENTS OF THE FINANCIAL SfATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 Pag• R•port of th• Tru•tw• I to 3 Ind•p•nd•nt Ex•mln•r'• R•port Stat•m•Trt of Flnanclal Artlvltl•• D•lanc• Sh••t 14ot•• to th• Fln•nd•l *•t•m•nts 7 to 11 D•tall•d St•t•m•nt of Fln•n¢l•l Artl¥ltl•• 12

THE CHARITABLE AIND OF TME LONDON ASSOCIATION OF FUNERAL DIRECTORS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 The trustees present thelr report wrth the flnanoal statements of the charty for the yèar ended 31st December 2023. The trustees have adopted the provisions of ACCOUn￿ng and Reporting by Charities.. ststèment of Recommended Prattice ap￿1¢able to charities 9￿pann9 their accounts in accordance with the Flnancial Reporting Standard applicable the UK ant1 Republic of Ireland IFRS 102) leffectr.ve i January 2019). OBJECTIVES ANO AcfivITXES ObJ•ctlves and alms The objects for which the Charttable FurKI was estab115hed are.. the rellef, Sn any suitable manner, of poverty. in partKular among persons and the spouses, children or other dependents of such pe￿In5 who have engaged In the Dlsposal of the Dead. whether or not such persons are or We￿ fomiedy members of the Association. the promotion of education Jnd In parwcular the educats.on and tultk>n of persons seekln9 to study and be engaged In the Disposal of the Dead the prornot￿n of ￿searCh Into and the advancement of knowledg• of methods of D15po￿l of the Dead and the disseminatlon of the results of the Research. The Chadtable Fund Is attlve in Greater LorKlon and the Home Countles. Slgnlllcant •ctlvltl The main a￿VItY of the Charts￿• Fund Ls the prnvI￿ort of eduCa￿On opportunltles for those Involved In the re and disposal of the deatj. Thls has Included the estsbllshment and operation of • fornal education course. The course equlps those engaged In funeral service with the knowle(Jge and skllls to care for the deceased and to gulde the bereaved through the legal requlrements and •rrangements for dlsposal of the deceased, Including Jdvislng on appropdate fvneral thtes and practices. Other educatlon opportunltle5 4re provlded to malntaln. update and enhance the knowled9e and sk1115 of prattitloners. Vldeoconferenclng platforms al￿ were used to dellver lettu￿ on rnatte￿ of general Interest to the funeral sector, providino a cost-effective metht>J ol engagement. As positlve feedback wa5 received, similar opportunttles wlll be offered In future. A benefit of the Innovation In dellvery of educatlon has been the opportunlty for Improved access and the capacity to respond to the continulng geo9raphlcally dl¥erse demand for places. FINAIICIAL REVXEW Flnancl•l position The Trustees and managers Intentyon Is ffj retaln fvnds to enable the Charitable Fund to meet Ilabilldes, Incurred from its athvlties, as they fall due. The Charft•ble Fund benefits from retyms on %xne long-held. small Investsments. glfted by the A5s0¢1•tion. The eduCat￿n provlsSon has the capacty to generate some surplus. which Is retained to 5UPPOrt the Charltable Fund's attivities. Despite ongoing challenges wlth ri51n9 costs, Trustees and managers will continue to manage income and costs of education events. with the aim of growing resource to further the Charitable Fund's objects. Page I

THE CHARrrABLE FUND OF THE LONDON ASSOCIATION OF FUNERAL DXRECTORS REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 31ST DECEMBER 2023 STRUCTURE. GOVERNANCE AND MANAGEMENT Gov•rning do¢um•nt The Charitable Fund of the London Assoclation of Funeral Directors (the 'Charltable Fund.) was established by ordlnary resolution of the members of the London Association of Funeral Dlrectots I'the Assoclatlon") In General Meeting on 2fjth February 1944. The Associatlon Is a trade associats.on ol Funeral Dlrertors and others engaged Sn funeral serwlce. Thè Charltable Fund operates In accordance w¢th the provisions of rts goveming document, The Rules of the Charitable Fund I"Rules'l; the prÈvalltng Ru￿5 werè adopted on 17th ooober 1968. Racrultm•nt and appolntm•nt of n•w tru•t• In accordance with the RLJles. the Officer5 and Member5 of the Assodatlon'5 Executive Committee ar* tasked wth provldlng management of the Chanta￿e Fund. Induding the ap￿IntMeftt of Trustee5. The Rules requlre that Trustees are servlNJ or past Officers or Membets of the A5s0thatlon's Executlve Committee. REFERENCE AND ADM1141sfAATIVE DETAILS R¢gist•r•d Charlty nymb•r 252498 Prlnelpal addr••• Clo The Secretary London AssO¢lation of Funeral Dlrectors 70 Western Road Southall Mlddle5ex UB2 5DZ A11 Trustees In office at the date of approval of the Flnandal Statements had Served throughout the fln4nclal period. The Trustee5 untll l June 2023 wer•: Claire Austln John Lodge Slmon Truelove On l June 2023 the following Trustees werè appolnted Raymond Bames Bary Pritchard Matthew Barber None recelved any remyneratron for seNlce as a Trustee. nor any relmbLbrsement of expenses. Ind•p•nd•nt Ex•mln•r David 8elbin Bsc FCA DChA Clemence Hoar Cummln9S Chartered Accountants Rlver51de House 1-5 Como street Romford Essex RM7 7DN Page 2

THE CHARThABLE FUND OF THE L014DON ASSOCIATION OF FUNERAL DIREcfoRS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31sr DecEM8ER 2023 Approved by order of the boartl of trnstees on ... and signed on Its behalf by: Raymond 8ames - Trustee Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CHARITABLE FU14D OF THE LONDON ASSOCIAT1014 OF FUNERAL DIREcfoRS Indep•nd•nt •xamin•r's r•port to th• trut•w of Th• Charlt•bl• Fund of th• Lond¢)n A•¥oclatk¥n of Funéral Dlrertors I report to the charity trustees on my examination of the accounts of The Charltable Fund of the London Association of Funeral Directors (the Trust) for the year ended 31# D&￿ernber 2023. Re•ponsib515tlw •nd ba£is of r•port As the charity trustees of the Trust you are responsible for the preparatr.on of the accounts In accordance wlth the requlrements of the Charities Act 20111.the Art.). I report in re5pert of my eXaMinat￿n of the Trust's accounts Carried out under Sertion 145 of the Att and in carrylng out my examinarion I have followed all applicable Directsons glven by the Charity Commlsslon under Sectlon 145151{b} of the Att. Ind•p•nd•nt •xmln•r'• •t•t•m•nt I have ¢ompleted my examin•tion. I confirm th•t no materfal matters havè coffle to my atten￿On In connettion wlth the examination glvlng me caus¢ to belleve that In any material respett.. xcountlng records were not kept In respett of the Trust as ￿￿lTed by Se￿on 130 of the Art,. or the accounts do not accord wlth those records: or the accounts do not comply with the applicable requlrements concerning the fomi and content of •ccounts set out in the CharlUes {Accounts and Reports) Regulatsons 2008 other than any requlrement that the accounts give a true Jnd fair which Is not a matter congLlere11 as part of an Independent examination. I have no concerns and have come across no other matters In UInne￿on wlth the examinatlon to vrfhlch attentlon should be drawn In thls reFort In order to enable a proper un¢JeTStandlng of the accounts to be reached. Davld Belbln Bsc FCA DChA Clemence Hoar Cummlng5 Chartered Accountants Rlverslde House 1-5 Como Street Romford Essex RM7 7DN Page 4

ThE CHARrrABLE FUND OF ThE LOPII>ON ASSOCIATION OF FUNERAL DIREcfoRS srATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DecEMBER 2023 2023 UDre*trict•d fund 2022 Total funds Notes INCOME AND ENDOWMENTS FROM Charitable activities 30,595 27,949 Investment income 476 500 Total 31,071 28,449 EXPENDtTURE 014 Ch•rlt•blo actlvltl• Charity acdvity 20,SQ6 23,820 Other (822) (1,6801 Tot•1 19,684 22,140 Net galnsl(losses) on Investments 1,34• (2,2861 Nrr 114COME Il735 4,023 RECONCILIATION OF FUNDS Total funds brought forward 51,068 47,045 TOTAL FUNDS CARRIED FORWARD 63,803 51,068 The notes forni part of these financlal statements Page 5

THE CHARThABLE FUND OF THE L014DON ASSOCIATION OF FUNERAL DIREcroRs BALANCE SHE 31Sf DECEMBER 2023 2023 Unrnstrlct•d fund 2022 Totsl funds Notes FIXED ASSETS Investments 18,258 16,910 CURRENT ASSETS DÈbtors Cash at bank 1,390 40,581 47,773 47,773 41,971 CREDITORS Amounts falllng due wlthln one year (2,228) (7,8131 NET CURRENT ASSErs 45,545 34,158 TOTAL ASSETS LESS CURRENT UABILITIES 63,803 51,068 NET AssErs 63,803 51,068 FU14DS Unrestricted funds 63,803 51,068 TOTAL VVPIDS 63,803 51,068 The flnanclal statements were 4ppm•d by the Board of Trustee5 and authodsed for Issue on . and were s19r￿￿ on its behalf by: Raymon mes - Trustee prttchard ee Matthew 8arber - Trustee The notes fomi part of these financial statements Page 6

THE CHARtTABLE FUND OF TME L01400N ASSOCIATION OF FUNERAL DIRECTORS NOTES TO THE FINANCIAL sfATEME14TS FOR THE YEAR ENDED 31ST DECEMBER 2023 ACCOUNTING POUCIES Ba•1• of pr•parfng the finnd•l #tatsm•nts The financlal 5taternÈnts of the charity. which is è public benefit ontity undor FRS 101, have been prepared in accordan￿ wlth the char￿"eS SORP {FRS 102) 'Accountsng 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 IFRS 102} (effective l January 20191., Finan¢sal Reportlng Stant1ard 102 The Financial Reporting Standard applicable In the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the histr¥ric•l cost conventson. with the exception of investments whith are Included at market value, a5 modlfied by the re¥4luatyon of certain assets. Ineom• All income Is recognlse(I In the Statement of flnandal Actlvltfje5 once the thartty has entytlement to the fvnds, ￿ is probable that the Income wlll be recelved and the amount can be measured rellably. exp•ndltur• abilities are recognlsed as exPend￿Ure as soon as there Is a legal or construttlve obllgatlon commitb'ng the charity to that expenditure, it Is probable that a transfer of economic benefits wlll be reqU[￿d In settlement and the amount of the obllgatlon can be measured ￿lIably. Expendlture Is accounted for on an accruals tya$is an(J has been classlfied under headlngs that aggregate all cost related to the category. whe￿ costs cannot be dlrectly attributed to partlcuL4r h￿ding$ they have been allocated to a¢tlvitles on a basls conslstent wlth the use of resources. Grants offered subjert tt cond￿10n$ whlch have not been met at the year end date are noted as commltmenr but not •¢¢rued as exwnditure. T•xatlon The charlty Is exempt from tax on Its charltable artiv￿les. Fund accountlng Unrestrirted funds can be used In acthance wlth thè tharfthble objectlves at the dlscretlon of the trustees. Rexritted funds can only be used for Pa￿cUlar reStrItt￿ purposes wlthin the obJKts of the tharlty. Retyittlons orlse when speclfted ty the donor or t*ffien fvnds are r•iseO for p•rti¢ulJr re$tritted purposes. Further explanatlon ol the naubre and p￿r￿se of each fuThl Is Induded in the notes to the finandal Statements. Page 7 ontlnued...

ThE CHARITABLE FUND OF THE LONDON ASSOCIATION OF FUNERAL DIRECTORS 140TES TO THE FINA14CIAL STATEME14TS - contlnu FOR THE YEAR ENDED 31sr DECEMBER 2023 INVEsfMENT INCOME 2023 2022 Deposit account interest 476 500 TRUSTEES. REMU14ERAT1014 AND BENEFZT5 There were no trustees. remuneration or other benefits lor the year ended 31st December 2023 nor for the year ended 31st De¢ember 2022. Tru•t••s' •xp•nM• There were no trust￿$, expenses Pald for the year ended 31st December 2023 nor for the year ended 31st December 2022. COMPARATZVES FOR TME STATEMENT OIV VZNANCJAL ArnVITIES Unrestrlcted fund INCOME AND ENDOWMENTS FROM Charltable •ttlvifjes 27,949 Investrnent income 500 Tot•1 28,449 EXPENDThURe ON Charlt•bl• artlvltl Charlty attivity 23,820 Other 11,6801 Total 22, 140 Net galnsl{Iosses) on Investments {2,286) NET INCOME 4,023 RECONCXLIATZON OF FUNOS Total fvnds brought forward 47,045 TOTAL FUNDS CARRIED FORWARD 51.068 Page 8 continued...

THE CHARITABLE FUPID OF THE LONDOII ASSOCIATION OF FV14ERAL DIREcfoRS NOTES TO THE FZNANCIAL STATEMEI4TS- contlnuod FOR THE YEAR ENDED 31ST DECEMBER 2023 FIXED ASSET 114VESTMENTS Unllsted Investments MARKET VALUE At 1st January 2023 Revaluations 16,910 1,349 At 31st December 2023 18,258 NET BOOK VALUE At 31st December 2023 18,258 At 31st D￿mber 2022 16,910 There were no Investment assets outside the UK. Ffjxed Asset Investments held in COIF funds a￿ valued at the mld market value at the year end. Any thange In m4fket Value Is shown In the Statement of Hnancial A￿l￿tIes. DEBTORS: AMOUNTS VALUNG DUE wrrHIN 014E YEAR 2023 2022 Prepayments and accruqd Income 1,390 CREDITORS: AMOUNTS fALUNG DUE WITHIN 014E YEAR 1023 2022 Trade credltt*rs Other creditors 2,228 7,812 2,22• 7,813 MOVEMENT IN FUNDS Net movement In fund5 At 31.12.23 At 1.1.23 UThr•#trlct•d fufid• Genèral fund 51,068 12,735 63,803 TOTAL FUNDS 51,068 12.735 63,803 Page 9 conb"nued...

THE CHAR￿A￿LE FV140 OF THE LONDON ASSOCIATIOII OF FUNERAL DIREcfoRS NOTES TO THE F114ANCIAL STATEMEfffs - c)ntinu•d FOR THE YEAR ENDED 31ST DECEMBEA 2023 MOVEMENT IN FUNDS- cofitlnu•d Net movement In fvnds, Induded In the above ao as follows: Incomlng Resources e¥pended Galns arml losses Movement in funds Unr••trlrt•d luTrd General fund 31,071 (19,684) 1,348 12,735 TOTAL FUNDS 31,071 (19,684) 1,348 12,735 CoM￿rat1v•1 for rnov•m•nt In fund• Net movement In funds At 31.12.22 At 1.1.22 Unr••trfrt•d fund• General fund 47.045 4.023 51,068 TOTAL PU14Dg 47,045 4,023 51,068 Comp•r•tl¥e net movement In fvnds, Induded In the atw)ve ¥e Js follows: Incoming Resources exFended Gains and losses Movement In funds Vnr••trlct•d fund• General fund 28,449 (22, 140) (2.286) 4,023 TOTAL fUNDg 28,449 {22,140) 12,286) 4.023 A Cu￿ent year 12 months and p￿Or year 12 months comknned pos*tlon 15 a5 follows: Net movement in funds At 31.12.23 At 1.1.22 Unr•strlct•d fund• General fund 47,045 16,758 63,803 TOTAL FUNDS 47,045 16,758 63,803 Page 10 continued...

ThE CHARtrABLE FUND OF THE LONDON AssoaATION OF FUNERAL DIREcfoRS NOTES TO TME FINANCIAL sfATEMENTS - continu•d FOR THE YEAR ENDED 31sr DECEMBER 2023 MOVEMENT 114 VUI4DS- contlnu•d A current year 12 months and prbor year 12 months combined net movement in fvnds. Induded In the abov• a￿ as follows: Incoming resources Resources expended Gains and losses Movement In funds Unr•strlct•d fund• General fund 59,520 (41,824) (938) 16,758 TOTAL FUNDS 59,520 {41,824) {9381 16.758 RELATED PARTY DISCLOSURES There were no related party transartions for the year tnded 31st December 2023. Page 11

ThE CHARITABLE FUND OF THE L014DON ASSOCIATION OF FUNERAL DIRf cfoAS DETAILED STATEMENT OF FIPIANCIAL ACYIVITIES VOR THE YEAR ENDED 31ST DECEMBER 2023 2023 2022 INCOME APID ENOOWME14TS Charltabl• •ctl¥ltl Gift5 Course fees 30.595 27,948 30,595 27,949 Inv•stm•nt Incom• Deposlt account Interest 476 500 Tot•1 Incomlng r••oiirc 31,071 28,449 expeNOITURE Ch•rttabl• actlvltl Course expenses Student Awards 13,169 296 16,172 13,465 16,172 Sypport co•ts FSn•n¢• 8ank char Independent examlnerfs fee i•0 864 106 762 1,0 868 Oth•r I Adminlstrators costs $,175 5,100 Total resources expended 19,684 22, 140 N•t Incom• 11,387 6,309 Thls page doe5 not fomi part of the statutory hnandal statements Page 12