Company registration number 08263274 (England and Wales)
CREMATORIA ABATEMENT OF MERCURY EMISSIONS ORGANISATION LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
PAGES FOR FILING WITH REGISTRAR
CREMATORIA ABATEMENT OF MERCURY EMISSIONS ORGANISATION LTD
CONTENTS
Page
Directors' report
1 - 2
Independent auditor's report
3 - 5
Income statement
6
Statement of financial position
7
Notes to the financial statements
8 - 10
CREMATORIA ABATEMENT OF MERCURY EMISSIONS ORGANISATION LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
- 1 -
The Federation of Burial and Cremation Authorities (FBCA) and The Cremation Society of Great Britain (CSGB) created a not-for-profit Company, limited by guarantee, to deliver a national burden-sharing scheme, acceptable to DEFRA. The primary objective was to facilitate the reduction of mercury emissions by at least 50 per cent, and thereafter to continue to encourage the downward trend.
The company, Crematoria Abatement of Mercury Emissions Organisation (CAMEO) Ltd, was incorporated on 22nd October 2012. The company was formed with a Board of Directors and Members representing the two sponsoring organisations.
The Directors appointed HSKS Greenhalgh, Chartered Accountants and Business Advisers, to provide financial advice and prepare the annual accounts.
CAMEO undertook a Pilot Trading Programme in 2013 which established that there would be sufficient mercury-abated cremations to meet the expected demand from non-abated Crematoria. The Pilot Programme also identified four primary areas of difficulty: returns took longer than expected; the accuracy of returns was sometimes poor; payments took longer than hoped for to recover and the financial administration was more complex than anticipated. These four areas of difficulty have unfortunately continued, however building on the experience of the Pilot Scheme and its years of trading, CAMEO has continued to deliver a successful trading scheme.
In 2021, 152 (2020: 254) crematoria out of a total of a possible 310 in the United Kingdom took part in the Scheme. The company received £612,480 (2020: £724,625) from cremation authorities contributing to the burden sharing scheme, of which £584,640 (2020: £691,088) was then distributed and is committed to future distribution to Crematoria with tradable mercury abated cremations for sale (TMACS). The directors expect these numbers and amounts to reduce steadily over time as more abatement plants are installed.
In this its eighth year of operation, CAMEO's trading has shown a small decrease in the value of a Tradable Mercury Abated Cremation (TMAC). This is the result of the increased number of cremation authorities installing abatement equipment and as a result, fewer cremation authorities contributing to the burden sharing part of the scheme.
CAMEO is confident that it successfully delivered a fair and balanced programme and the Directors were pleased to issue certificates of compliance recognised by DEFRA, Local Authority Regulators and SEPA. The Board of Directors have commissioned the audit of the process of collating and calculating the trading of TMACs, in accordance with Section 7 of the scheme rules. The independent report of the audit will be published on the CAMEO website.
CAMEO supplies DEFRA with details of Crematoria who have traded within the CAMEO scheme and those who have chosen not to do so, or for which no information has been obtained.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Mr B J Day
Mr M P Birkinshaw
Professor H J Grainger OBE
CREMATORIA ABATEMENT OF MERCURY EMISSIONS ORGANISATION LTD
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 2 -
Statement of directors' responsibilities
The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Statement of disclosure to auditor
So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s
auditor
is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s
auditor
is aware of that information.
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mr B J Day
Director
30 November 2022
CREMATORIA ABATEMENT OF MERCURY EMISSIONS ORGANISATION LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF CREMATORIA ABATEMENT OF MERCURY EMISSIONS ORGANISATION LTD
- 3 -
Opinion
We have audited the financial statements of Crematoria Abatement of Mercury Emissions Organisation Ltd (the 'company') for the year ended 31 December 2021 which comprise the income and expenditure account, the statement of financial position and notes to the financial statements, including 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 company's affairs as at 31 December 2021 and of its deficit 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.
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
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 directors' 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 company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors 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.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit
:
-
the information given in the directors'
r
eport for the financial year for which the financial statements are prepared is consistent with the financial statements
; and
-
the directors' report has been prepared in accordance with applicable legal requirements.
CREMATORIA ABATEMENT OF MERCURY EMISSIONS ORGANISATION LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF CREMATORIA ABATEMENT OF MERCURY EMISSIONS ORGANISATION LTD
- 4 -
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie
d
material misstatements in the directors'
r
eport
. 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:
-
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of
remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit; or
-
the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the directors' report and from the requirement to prepare a strategic report.
Responsibilities of directors
As explained more fully in the directors'
r
esponsibilities
s
tatement, the directors 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 directors 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
directors 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 directors 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:
We considered the nature of the Company's business and its control environment. We also enquired of
management about their identification and assessment of the risks of irregularities.
We obtained an understanding of the legal and regulatory framework in which the Company operates and
identified key laws and regulations that:
- Had a direct effect on the determination of material amounts and disclosures in the financial statements,
which included the Companies Act 2006, tax legislation and payroll legislation; and
- Did not have a direct effect on the financial statements but compliance with which may be fundamental to
the Company's ability to operate.
We discussed among the audit engagement team the opportunities and incentives that may exist within the
organisation for fraud and how / where fraud might occur in the financial statements.
In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to
the risk of management override. In addressing the risk of fraud through management override of controls, we
tested the appropriateness of accounting adjustments and journal entries, assessed whether accounting
estimates were reasonable and accurate and reviewed the accounting records for any significant and unusual
transactions.
CREMATORIA ABATEMENT OF MERCURY EMISSIONS ORGANISATION LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF CREMATORIA ABATEMENT OF MERCURY EMISSIONS ORGANISATION LTD
- 5 -
In addition, our procedures to respond to the risks identified included:
- Reviewing financial statement disclosures by testing to supporting documentation to assess compliance with
provisions of relevant laws and regulations described as having a direct effect on the financial statements;
- Performing analytical procedures to identify any unusual or unexpected variances that may indicate risks of
material misstatement due to fraud;
- Enquiring of management about any instances of non-compliance with laws and regulations and any
instances of known or suspected fraud.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This
risk increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of instances of
non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as
fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
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.
This report is made solely to the 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 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 company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Philip Handley FCA
Senior Statutory Auditor
For and on behalf of HSKS Greenhalgh
6 December 2022
Chartered Accountants
Statutory Auditor
3rd Floor
Butt Dyke House
33 Park Row
Nottingham
NG1 6EE
CREMATORIA ABATEMENT OF MERCURY EMISSIONS ORGANISATION LTD
INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2021
- 6 -
2021
2020
£
£
Turnover
726,110
792,160
Cost of sales
(552,405)
(737,962)
Gross surplus
173,705
54,198
Administrative expenses
(176,809)
(39,716)
(Deficit)/surplus before taxation
(3,104)
14,482
Tax on (deficit)/surplus
(Deficit)/surplus for the financial year
(3,104)
14,482
The income and expenditure account has been prepared on the basis that all operations are continuing operations.
CREMATORIA ABATEMENT OF MERCURY EMISSIONS ORGANISATION LTD
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021
31 December 2021
- 7 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
4
250
551
Current assets
Debtors
5
36,700
84,577
Cash at bank and in hand
89,564
119,620
126,264
204,197
Creditors: amounts falling due within one year
6
(47,269)
(122,399)
Net current assets
78,995
81,798
Net assets
79,245
82,349
Reserves
Income and expenditure account
79,245
82,349
Members' funds
79,245
82,349
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 30 November 2022 and are signed on its behalf by:
Professor H J Grainger OBE
Director
Company Registration No. 08263274
CREMATORIA ABATEMENT OF MERCURY EMISSIONS ORGANISATION LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
- 8 -
1
Accounting policies
Company information
Crematoria Abatement of Mercury Emissions Organisation Ltd is a
private
company
limited by guarantee
incorporated in
England and Wales
.
The registered office is
3rd Floor, Butt Dyke House, 33 Park Row, Nottingham, NG1 6EE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
1.2
Turnover
Turnover represents income from participators of the burden sharing scheme. Turnover is recognised in accordance with the scheme rules which requires the trade of the burden sharing scheme to take place between January and March.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer equipment
33% on cost
1.4
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or
fixed assets
.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.5
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
CREMATORIA ABATEMENT OF MERCURY EMISSIONS ORGANISATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 9 -
2
Judgements 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 estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
2
2
4
Tangible fixed assets
Computer equipment
£
Cost
At 1 January 2021 and 31 December 2021
1,651
Depreciation and impairment
At 1 January 2021
1,100
Depreciation charged in the year
301
At 31 December 2021
1,401
Carrying amount
At 31 December 2021
250
At 31 December 2020
551
5
Debtors
2021
2020
Amounts falling due within one year:
£
£
Trade debtors
30,525
83,105
Other debtors
5,776
1,073
Prepayments and accrued income
399
399
36,700
84,577
CREMATORIA ABATEMENT OF MERCURY EMISSIONS ORGANISATION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 10 -
6
Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
11,469
48,072
Taxation and social security
1,065
Accruals and deferred income
34,735
74,327
47,269
122,399
7
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
8
Related party transactions
During the year, £
19,030
(20
20
: £
16,830
) was received from The London Cremation Company PLC,
regarding receipts under Tmacs. Professor H J Grainger OBE, is Chair of the Cremation Society of
Great Britain, which has a majority shareholding in The London Cremation Company PLC.
During the year, £
4,376
(20
20
: £
5,116
) was paid to Redditch Borough Council, an organisation in
which M P Birkinshaw is employed as Bereavement Services Manager, regarding payments under
Tmacs.
9
Ultimate controlling party
The company is controlled by its members.
2021-12-31
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06 December 2022
CCH Software
CCH Accounts Production 2022.300
No description of principal activity
Mr B J Day
Mr M P Birkinshaw
Professor H J Grainger OBE
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