QUAKER ACTION ON ALCOHOL AND DRUGS
ANNUAL REPORT & ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
QUAKER ACTION ON ALCOHOL AND DRUGS
FOR THE YEAR ENDED 31 DECEMBER 2022
COMPANY INFORMATION
BANKERS
HSBC
22 Abington Street
Northampton
NN1 1AJ
INDEPENDENT EXAMINER
David Stephens
Chartered Certified Accountant
13 Newlands Road
Tunbridge Wells
Kent TN4 9AS
REGISTERED OFFICE
Garden Flat
28 Belmomnt Road
Bristol
BS6 5AS
Company Number: 3265669
Charity Number: 1059310
QUAKER ACTION ON ALCOHOL AND DRUGS
FOR THE YEAR ENDED 31 DECEMBER 2022
PAGE INDEX
1-2 REPORT OF THE BOARD
3 STATEMENT OF FINANCIAL ACTIVITIES
4 BALANCE SHEET
5-9 NOTES TO THE FINANCIAL STATEMENTS
10 INDEPENDENT EXAMINER’S REPORT
QUAKER ACTION ON ALCOHOL AND DRUGS 1.
REPORT OF THE BOARD
The Board presents its Report and Accounts for the year ended 31 December 2022.
Structure, governance and management
The charity (charity no. 1059310) is a company limited by guarantee and not
having a share capital and was incorporated on 18 September 1996. The company
(company no. 3265669) was established under a Memorandum of Association which
established the objects and powers of the charitable company and is governed
under its Article of Association. In the event of the company being wound up
members are required to contribute an amount not exceeding £10. The directors of
the company are also the charity trustees for the purposes of charity law. The
minimum number of trustees is three, and one third of trustees are subject to
retirement by rotation at the annual general meeting. Trustees are appointed by
existing trustees.
Objectives and activities
The charity seeks to advance public education about all aspects of the use and
misuse of alcohol, other drugs and gambling.
The aims of the charity are:
To provide education on the misuse of alcohol, drugs and gambling
To assist with the prevention and treatment of alcohol, drug and
gambling related problems
To promote public awareness of the problems of alcohol, drugs and
gambling
The trustees have considered the Charity Commission’s guidelines on public
benefit and believe the requirements are met as the activities are open to the
public and are for public benefit.
Achievements and performance
During the year, income from investments and donations was principally applied
in the form of a Director and publicity in furtherance of the charitable objects
of the charity.
Financial review
The charity is reliant on income from investments and donations from
individuals, trusts and Quaker Meetings and the realisation of investment assets
to carry out its charitable activity.
The company has a policy of maintaining reserves equivalent to three months
expenditure. The current level of unrestricted reserves is considered to be
satisfactory.
Plans for the future
Plans are to publicise the work of the charity through the sale of books and
through other literature and to pursue our objectives as stated.
State of Affairs and Future Prospects
Details of the income and expenditure for the year are given in the Statement of
Financial Activities below. The Charity’s financial position on 31 December 2022
is set out in the Balance Sheet on page 4. These financial statements should be
read in conjunction with their related notes. In the opinion of the Board the
future prospects of the Charity are satisfactory.
QUAKER ACTION ON ALCOHOL AND DRUGS 2.
REPORT OF THE BOARD (continued)
Board
The Membership of the Board during 2022 was as follows:-
Trustees:
Ronald Barden, Eva Deregowska, Tim James, Jon Lyon, Christine Pryer,
David Barry and Peter Varney (resigned April 2022).
Responsibilities of the Board
Company law requires the Board each financial year to prepare financial
statements, which give a true and fair view of the state of affairs of
the Charity and of the surplus or deficit of income over expenditure for
the year. In the preparation of these statements the Board must make
judgements and estimates that are reasonable and prudent, must follow
suitable and consistent accounting policies, follow applicable
accounting standards, subject to any material departure disclosed and
explained in the financial statements, and must apply the going concern
basis unless it is inappropriate. The Board is also responsible for
keeping proper accounting records in accordance with company law, for
safeguarding the assets of the Charity and for taking reasonable steps
for the prevention and detection of fraud and other irregularities.
In preparing these accounts we hereby confirm:-
(a) that for the year in question the company was entitled to the
exemption conferred by section 477 of the Companies Act 2006;
(b) that no notice has been deposited at the registered office of the company pursuant to section 476 requesting that an audit be conducted for the year ended 31 December 2022.
By order of the Board
A Mather 10 June 2023
.....................
Alison Mather
Secretary
QUAKER ACTION ON ALCOHOL AND DRUGS 3.
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
Res- Unres- Total Res- Unres- 2021
tricted tricted tricted tricted
FundsFunds Funds Funds
Notes
£ £ £ £ £ £
INCOMING RESOURCES
Donations
& legacies 3 - 19,776 19,776 - 7,482 7,482
Investments - 11,699 11,699 - 15,142 15,142
Other income - 2,479 2,479 - - -
Total Incoming _____ _______ _______ _____ _______ _______
Resources - 33,954 33,954 - 22,624 22,624
RESOURCES EXPENDED
Charitable
activities 4 - 47,178 47,178 - 42,014 42,014
Other _ -- _--- _-__
Total Resources
Expended - 47,178 47,178 - 42,014 42,014
Net income/(expenditure)
before investment
gains/(losses) - (13,224) (13,224) - ( 19,390) ( 19,390)
Realised gains(losses)
on investments - - - - - -
_____ ______ ______ ______ ______ ______
Net income/
(expenditure) - (13,224) (13,224) - (19,390) (19,390)
Unrealised
gains(losses)on
investments 8 - ( 24,983) ( 24,983) - 61,299 61,299
_____ ______ _______ ______ ______ ______
Net Movement
in Funds - ( 38,207) ( 38,207) - 41,909 41,909
FUND BALANCES
B/FORWARD - 508,339 508,339 - 466,430 466,430
_______ _________ _________ _______ _______ ________
FUND BALANCES
C/FORWARD - 470,132 470,132 - 508,339 508,339
_______ _________ _________ _______ _______ ________
4.
QUAKER ACTION ON ALCOHOL AND DRUGS
BALANCE SHEET AT 31 DECEMBER 2022
Notes Res- Unres- Res- Unres-
tricted tricted Total tricted tricted 2021
FIXED ASSETS £ £ £ £ £ £
Tangible Assets 7 - 23 23 - 27 27
Investments 8 - 476,998 476,998 - 501,981 501,981
_____ _______ _______ _______ _______ _______
- 477,021 477,021 - 502,008 502,008
_____ _______ _______ _______ _______ _______
CURRENT ASSETS
Debtors 9 - - - - - -
Cash at Bank
and in hand 11 - 5,934 5,934 - 8,654 8,654
_____ _______ _______ _______ ______ ______
- 5,934 5,934 - 8,654 8,654
CREDITORS: Amounts Falling
Due in 1 Year 10 - (12,823) (12,823) - ( 2,323)( 2,323)
_____ _______ ______ ______ ______ ______
NET CURRENT ASSETS - ( 6,889) ( 6,889) - 6,331 6,331
(LIABILITIES) _____ _______ ______ ______ _____ ______
NET ASSETS £ - 470,132 470,132 £ - 508,339 508,339
_____ _______ _______ _______ _______ _______
FUNDS
Funds 12 £ - 470,132 470,132 £ - 508,339 508,339
_____ _______ _______ _______ _______ _______
In preparing these financial statements as directors of the company we confirm:
(a) that for the year in question the company was entitled to the exemption
conferred by section 477 the Companies Act 2006;
(b) that no notice has been deposited at the registered office of the company
pursuant to section 476 requesting that an audit be conducted for the year ended
31 December 2022; and
(c) we acknowledge our responsibilities for:
ensuring that the company keeps accounting records which comply
with section 386, and preparing accounts which give a true and fair
view of the state of affairs of the company as at the end of the
financial year and of its results for the year then ended in
accordance with the requirements of sections 394 and 395 and which
otherwise comply with the provisions of the Companies Act relating
to accounts, so far as applicable to the company.
R Barden J Lyon
......................... ......................
R Barden J Lyon
10 June 2023 Company Number 3265669
5.
QUAKER ACTION ON ALCOHOL AND DRUGS
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
1. BASIS OF PREPARATION
These accounts have been prepared under the historical cost convention
with items recognised at cost or transaction value unless otherwise
stated in the relevant notes to these accounts.
These accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by
Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland
(FRS102) issued on 16 July 2014
and with the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland (FRS102)
and with the Charities Act 2011.
2. ACCOUNTING POLICIES
INCOMING RESOURCES
Income is recognised when the charity becomes entitled to the income.
No offsetting of assets and liabilities, or income and expenses, has
been carried out unless permitted by the FRS 102 SORP or FRS 102.
Grants and donations are only included when the general income criteria
are met.
Legacies are included when the receipt is probable.
Government grants are included when received.
Gift aid receivable is included when there is a valid declaration from
the donor, and is treated as an addition to the same fund as the initial
donation unless the donor or the terms of the appeal have specified
otherwise.
Donated goods are measured at fair value (the amount for which the asset
could be exchanged) unless impractical to do so.
Donated services and facilities are only included if the value can be
measured reliably.
The value of voluntary help received is not included in the accounts but
is described in the trustees’ annual report.
Interest is included in the accounts when receipt is probable and the
amount receivable can be measured reliably.
RESOURCES EXPENDED
Liabilities are recognised where there is a legal obligation to pay out
resources and the amount of the obligation can be measured with
reasonable accuracy.
Support and governance costs have been allocated to charitable
activities.
Grants payable are included when there are no conditions attaching to
the grant that enables the charity to realistically avoid the
commitment.
QUAKER ACTION ON ALCOHOL AND DRUGS 6.
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
FUND ACCOUNTING
Restricted, designated and unrestricted funds are disclosed in the notes
to the accounts.
donor or by the nature of the appeal.
Designated funds are set aside at the discretion of the board for
specific purposes. They would otherwise form part of
unrestricted funds.
Unrestricted funds are available to spend at the discretion of the Board
in furtherance of the charitable objectives of the
Charity.
INVESTMENTS
Listed investments are included in the balance sheet at market value.
Realised gains and losses on disposal in the year and unrealised gains
and losses on investments at the balance sheet date are included in the
Statement of Financial Activities. The historical cost of investments is
shown in the notes to the accounts. In the case of gifts or legacies of
investment assets, the historical cost is taken as the market value at
the date of the gift.
FIXED ASSETS
Assets below a value of £1000 are written off in the year of
acquisition.
Depreciation is provided on other assets in instalments over the
expected life of the asset at the following rates:
Computer equipment 40% in the first year, then 30% per annum.
Office equipment 15% per annum on net book value.
INCOME FROM INTEREST AND DIVIDENDS
This is included in the accounts when receipt is probable and the amount
receivable can be measured reliably.
CREDITORS
Creditors are included at settlement amounts less any discounts.
DEBTORS
Debtors are included at settlement amounts less any discounts.
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Restricted Unrestricted 2022 2021
£ £ £ £
3 DONATIONS & LEGACIES
Donations & gifts - 18,519 18,519 7,001
Legacies - - - -
Gift aid - 1,257 1,257 481
__ ______ ______ ______
-19,776 19,776 7,482
4 CHARITABLE ACTIVITIES
Promotion & conferences - 7,668 7,668 4,278
Salary & pension costs - 35,184 35,184 34,041
Administration _- 4,326 4,326 3,695
- 47,178 47,17842,014
5 OTHER ITEMS
Independent Examination - 605 605 595
___ _____ _____ _____
6 STAFF COSTS 2022 2021
£ £
Salaries 32,780 31,519
Social security costs - -
Pension costs 2,404 2,522
35,18434,041
No employee received emoluments of more than £60,000.
The average number of employees during the year was as follows:
2022 2021
Number Number
Charitable Activities 1 1
No trustees received any remuneration during the year. In addition £nil (2021:
£nil) was paid to trustees for reimbursement of travel expenses.
7 FIXED ASSETS Office Computer Total
Equipment Equipment
£ £ £
Cost or valuation
At 1 January 2022 1,095 5,579 6,674
Additions - - -
_____ _____ _____
At 31 December 2022 £ 1,095 5,5796,674
Depreciation
At 1 January 2022 1,069 5,578 6,647
Provided in the year 4 - 4
_____ _____ _____
At 31 December 2022 £ 1,073 5,5786,651
Net book value
At 31 December 2022 £ 22 1 23
At 31 December 2021 £ 26 1 27
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
8 INVESTMENTS
a) UK Listed Investments
Restricted Unrestricted Total
£ £ £
Market Value
At 1 January 2022 - 501,981 501,981
Disposals at opening book value - - -
Acquisitions at cost - - -
Net gain/(loss) on revaluation - ( 24,983) ( 24,983)
_____ _______ _______
At 31 December 2022 £ - £ 476,998 £ 476,998
Historic Cost
At 31 December 2022 £ 269,929 £ 269,929
At 31 December 2021 £ 269,929 £ 269,929
b) Reconciliation of movements in unrealised gains on investment assets
£
Unrealised gains at 1 January 2022 232,052
In respect of disposals in year -
Net loss arising on revaluation in the year ( 24,983)
Unrealised gains at 31 December 2022 £ 207,069
c) Listed investments include £406,320 of direct holdings. The balance of
£70,678 is held in unit trusts. Funds held in listed investments at 31 December
2022 include the following investments -
Equities:
Ball Corporation (equal to 5.61% of the total portfolio) £ 26,741
Mondelez (equal to 6.95% of the total portfolio) £ 33,136
Glaxo 25p shares (equal to 7.15% of the total portfolio) £ 34,126
HSBC 0.5$ shares (equal to 6.88% of the total portfolio) £ 32,831
RELX plc shares (equal to 18.68% of the total portfolio) £ 89,118
Unilever shares (equal to 12.68% of the total portfolio) £ 60,472
9 DEBTORS 2022 2021
£ £
Debtors and prepayments - -
Income tax recoverable --_
£ - £ -
_____ ____
10 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£ £
Taxes and other social security costs 1,577 1,728
Loan 10,000 -
Other creditors and accruals 1,246 595
£ 12,823 £ 2,323
The loan was repaid in 2023.
QUAKER ACTION ON ALCOHOL AND DRUGS 9.
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
11 CASH AT BANK AND IN HAND
£ £
Short term deposits - -
Cash at bank and in hand 5,934 8,654
£ 5,934 £ 8,654
12 FUNDS
Balance at Incoming Outgoing Net gains/ Balance at
1 Jan 2022 Resources Resources (losses)on 31 Dec 2022
revaluation
£ £ £ £ £
Restricted funds - - - - -
Unrestricted funds
Charitable funds 508,339 33,954 ( 47,178) ( 24,983) 470,132
_______ ______ _______ ______ _______
Total funds £ 508,339 £ 33,954 £( 47,178) £( 24,983) £ 470,132
Restricted funds - There were no restricted funds in the year.
Designated funds - £25,000 has been designated for specific projects.
13 MEMBERS’ LIABILITY
Quaker Action on Alcohol and Drugs is a company limited by guarantee, and is
registered as a charity with the Charity Commission (Charity Registration Number
1059310). Copies of its Memorandum and Articles of Association can be obtained
from the Secretary at the registered office. The liability of each member in the
event of the Charity being wound up is limited to a sum not exceeding £10.
14 PENSION SCHEME
Quaker Action on Alcohol and Drugs contributes to the employee’s pension scheme.
2022 2021
£ £
Amounts paid in the year 2,404 2,522
__________
Total costs £ 2,404 £ 2,522
4
QUAKER ACTION ON ALCOHOL AND DRUGS 10.
FOR THE YEAR ENDED 31 DECEMBER 2022
INDEPENDENT EXAMINER’S REPORT
To the trustees of Quaker Action on Alcohol and Drugs
I report on the accounts of the company for the year ended 31 December 2022,
which are set out on pages 1 to 9.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of
company law) are responsible for the preparation of the accounts. The charity’s
trustees consider that an audit is not required for this year under section 145
of the Charities Act 2011 (the Act) and that an independent examination is
needed.
Having satisfied myself that the charity is not subject to audit under company
law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 130 of the Act;
-
follow the procedures laid down in the General Directions given by the Charity Commission under section 145 of the Act; and
-
state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the
Charity Commission. An examination includes a review of the accounting records kept by
the charity and a comparison of the accounts presented with those records. It also
includes considering any unusual items or disclosures in the financial statements and
seeking explanations from you as trustees concerning any such matters. The procedures
undertaken do not provide all the evidence that would be required in an audit, and
consequently, no opinion is given as to whether the accounts present a ‘true and fair
view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the
requirements to keep accounting records in accordance with section 386 of the
Companies Act 2006; and to prepare accounts, which accord with the accounting
records, comply with the requirements of the Companies Act 2006 and with the
methods and principles of the Statement of Recommended Practice: Accounting and
Reporting by Charities (revised 2005) have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a
proper understanding of the accounts to be reached.
.................................... .......................
David Stephens FCCA Dated
Chartered Certified Accountant
13 Newlands Road
Tunbridge Wells
Kent TN4 9AS.