sco]SH CHARITY NUMBER SC052431 THE FUNERAL FUND ASSOCIATION {SCIO) TRUSTEES. ANNUAL REPORT AND ACCOUNTS For the year ended JO Sepiembcr 2024 Mann Judd Gordon Ltd Chartered Accountants 26 Lewis Strect Stornoway Tsle of Lewis HSI 2JF www.mannjudd.co.uk
THE FUNERAL FUND ASSOCIATION (SCIO) TRUSTEES. ANNUAL REPORT AND ACCOUNTS Year ended 3(Y Seplernber 2024 The Trnstees pKsenl their report with the financial statements of the chan'ly for the year ended 30th September 2024. Formation o(¢harity The Funerdl Fund Ass(Kiation {SCIO) was fonnally registered as a charity by the Scottish Charity Regulator (OSCR) on 22 March 2023. Prior to ihaL the organisation had been known as The Funerdl Fund Association for Lewis Fishcrnien and Women. All were transferred into the harity. Objeetlves and Activities Back This long-esiablished Funeral Fund has iKen providing reassurdnce for i51and families since 1904. Originally set up to repatriaie the remains of fishernien and those ancillary wotkels who followed th¢ herring flcets around the UK, the fund continues to do this but. duc to on-going demand. is also available to any persons. up to ihe agc of fifty-fivc on first membership. residing in Wards 5-1 l of Comhairle nan Eilean Siar i.e. (he town of StsnK)way and the aT¢&S of PoinL Back and Lochs. The Funeral Fund ¢ontribut&S UP to £4 iowards the cost of the cotTin and up to £8(K) towards the CO of transport olihe remains back to Lewis for burial. For the elderly, those in ill-health. those affected by disability. those in fjnancffial hardship or disadvantaged in any other way• thc knowledge that these costs will be borne by the Funeral Fund brings great comfort. The Fund volunteers ailn to continue this re&ssurance. Stated charliable ob-ectives The organisation's purposes are to l$t the community of Comhairle Nan Eilean Siar. L(Kal authority Isle of t£Wi5 wards 5 - 1 I, wherever a Funeral Fund doesn'i exisi, to: (a)Pr¢vent or fflieve poverty through collection and management of a wmmunity neral fund (b)Relieve those in need by reason of agc. ill-health. disability. financtal hardship or other disadvanlages (c)Pursue any other purpose that may reasonknly be re8arded as analogous to any of the preceding PUTposes
THE FULYERAL FUND ASSOCIATION (SCIO) TRUSTEES. ANNUAL REPORT AND ACCOUNTS Year ended 31yh September 2024 Achievement and Performance The Fund's twenty-eight volunteer comnlittee member4 which included the six Tnjslees, all pull rogether lo ensuTe that the five ihousand members are well served by the Fund. The Trustees continue to engage with the local media to remind the public ihal the Fund offers support ITJ time of need. The weekly n¢wspaper'Stornoway Gazette. and the rnonthly cotnmunity magazines have recently Carried articles explaining ihe service offered by the Fund and reminding Members how (o pay their fees. Th¢ twenty-eight committee members S¢TV¢ &8 ¢ontscts for the members in their own areas and are a source of advice and support to membeTh Funeral claims aTe pro¢¢ed quickly. The Fund continues lo bc able to donate money annually to the I1 hospital and hospice and lo Ihe care homes. all situated in the area of Stornoway. The trusiees consider these donations to be in line with Section 4 (b) of the constitution, where the stale charitable PUTposes 15 to, "Relieve those in need by reason of age. ill-healih. disability. financial hardship or othcr disadvantages." Flnancial Revie The principal fijnding source for the Fund comes from ihe very modest annual membership fee of £1.50 per member. The charity rescrves are maintained in a bank account wilh the Royal Bank of Scoiland and lo date thc level of reserves has been more than suffici¢nt to meet the administrative Tunnin8 expenses of Ihc charity and to rnc¢t all funeral claims submitted. With the agreement of the TteeS and approved by a membeTS meeling. a Te5erv¢ a¢¢ount has been opened with Royal Bank of Scotland which offers better interest rates and a small working account remains with Royal Bank of Scotland. Trustee remuneration and expenses The only remuneration paid lo Irustees in the period under review relaled to fees payable to the Secretary and Treasurer. for Services rendered in these regards. Payment for adminisiration work, being different to the work of Ttees, is perniissible under Clause 6, whereby the Fund's purposes noted in Clause 4 are furthered by administrative work Reserves The trustees have not yel eslabli5h¢d a rerveS policy. Futhre Plans The Trnstees and ihe Cornmitte¢ continue to WO together io ensu th¢ continuation of the Fund for the reassuring benefit of all its members. Trustces continue to make cfforts to attract more volunieers from the outlying communitics.
THE FUNERAL FUND ASSOCIATION (SCIO) TRUSTEES, ANNUAL REPORT AND ACCOUNTS Year ended 30 September 2024 Structure. Governanee and Management Govemin Document The charity is a Scottish Charitable Incon)ornied Organisation (SCIO) and the PUTposes and administration arrangements are set out in ihe coTrstitution which w&8 adopted on 22 March 2023. Recruitment and a oinlment of new Irusttt5 The Members of the Board, who are the [nteeS for the purposes of charity law. rnay be appointed by way of a resolution passed by majority vote al a board meeting. Ai ¢ach annual general meeting at least one Ihird of the board musi r¢tiTe. bui those retiring are eligible for Te-election. Induclion and iraini of new tru¢¢$ The charity undertakes trdining of trustee5 to ensure awareness and understanding of The rcsponsibility of being a tnLSi¢¢ The organisational structure of the charity Thc financial p)siuon of the chatity The fu(ure plans and objectives of the charity Statement Of TTUStees' Responsibllitles The trustees are responsible for preparing the Rem of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accouniing Practice). The law applicable to charities in Scotlarf the Charities and Trustee Inv&sthi¢nt (S¢oiland) Aci 2005. Charities Accounts {SCland) R¢gulations 2(KI6 (as amended) and the provisions of the Charitys constitution. requires the trustees to prq)are financial statements for Wdch financial year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and application of r¢sour¢¢s. including the income and expenditurc, of the clwity for that period. In preparing ihosc flnancial statements, the tte¢S are required to select suitable a¢¢ouniing policies and then apply them consistently: observe the methods and principles in the Charity SORP. make judgements and ¢Slimales that art r¢&sonable and pnent. prepare the financial 51aiemcnls on the going concern basi5 unl5 it is iDappropriate lo presume ihal the charity will conlinuc in business. The trustees are resp)nsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial position of the charity and to enable Ihern to ensure that ihe financial statements comply with the Charities and Truee Investment (Scotland) Act 2005, the Chariti¢s A¢¢ounts (Scotland) Regulations 2(K16 (as amended) and the provisions of the charity's constitution. Thcy arc also rosponsible for safeguarding th¢ asseis of ihc charity and hence for taking reasonable sieps for th¢ prevention and dctection of fraud and other irregularitics. oftrust¢¢son...... ..... . and signcd on its behalf by: Ti usL¥¢
THE FUNERAL FUND ASSOCAATION (SCIO) RECEIPTS AND PAYMETrrrs ACCOUNT Year ended 30, September 2024 2024 2023 unreStrird Restricted Total Total RECEIPTS Donations Mcmtrrtrship Fccs Bank interest 6..798 6,798 344 7,861 TOTAL RECEIJryS 7,142 7.242 7.861 PA YMENTS Claims paid Paid to collcciors Donations paid Administration Secrelary and Treasurer's fees Accountancy 4.110 550 2250 653 4.110 550 2.250 653 900 750 3,365 564 2.250 1,142 900 306 750 TOTAL PAYMENTS 9.213 9,213 Ex¢¢ss of rcccipts over paymcnts for year / (Excess of payments over rcipts for year) {2.071) (2.071) (666)
THE FUNERAL FUND ASSOCIATION {SCIO) STATEMENT OF BALANCES As al 30, September 2024 2024 2023 CASH AT BANK Unrestricted Restricied Total Total Opening balanccs 68,433 68,433 69.1)99 Excess of receipts over payments foryear l (Excess of payments over rCip for year) (2.071) (2,071) (666) Closing balances 66.362 66J62 68,433 Represented by: Bank account balances Cash in hand War Stock at Cost 3.5Yo 66J57 67.21 23 1.200 Closing balan¢es 66J62 68.433 Approved by the Trustccs and signed on their behalf. Tnislc sl,,1
THE FUNERAL FUND ASSOCIATION {SCIO) Independen¢ Examiner8, Report to The Funeral Fund Association (SCIO) I report on the accounls of th¢ charity for the period ended 30th September 2024 which are set out on page5 4 and 5. Regpertlve responsibilities of trustees examiner The charity's trustees are responsible for the preparation of ihe accounts in ac¢ordan¢e with the lemis of ihe Chariti¢s and TTUStee Investment (Scotland) Act 2(X)5 and the Charities Accounis (Scotland) Regulations 2006. The chariry ttee5 consider that the audil requirement of Regulalion 10(1 ) (d) of the Accounls Regulations do&s not apply. It is Tny responsibility to examine the accounts as required under section 44(1) {c) of the Act and to stale whether particular matters have come to my attention. Basis of independeDt examiDer5' Statement My examination is Caled out in accordance with Regulation I l of the Charities Accounts (S¢otland) Regulations 2006. An examlnation includes a review of the accounting records kept by Ihe charity and a comparison of the accounts presented with those records. It 8150 includes consideration of any unusual iiems or disclosures in the accounts. and seeks explanations from the irnstees concerning any such mallers. The pN)cedures undertaken do not provide all the evidence that would b¢ r¢quir¢d in an audit. and Consequently I do not expre&s an audit opinion on the view 8iven by the accounts. Independent examiners, statement In Ihe course ofmy examination, no matter has come lo my attention which gives me reasonable ause to believe thai in any mat¢rial rp¢¢t th¢ r¢quiTcmcnts' to keep accounting records in accordance wilh Section 44(1) (a) ofthe 21X)5 Act aTKI Regulation 4 of the 2006 Accounts Regulations. and to prepare accounts which accord with the accounting rerdS and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or 2 to which. in my opinion. attention should be drawn in order lo enable a proper understanding Mann Judd Gordon Lid Chartered Accountants 26 Lewis Street Stornoway Isle of Lewis HSI 2JF