Roglstored number: 06861684 Charlty numbor: 1133306 YORK AREA QUAKER MEETING OF THE RELIGIOU5 SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN (A Company Limlted by Guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS IQUAKERSI IN BRITAIN IA Company Llmlted by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020 CONTENTS Page Rèfèrénce and AdmlnlstratlvÈ Detalls of the Charlty, ItsTrustees and Adviser5 rustees, Report Independent Examlner's Report li tatement of Flnanclal Actlvltl•s 12 Balance Sheet 13 rustee Approval 14 ststement of Cash Flows 15 otes to the Flnancial Statements 16-29 pago 1
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIEfY OF FRIENDS IQUAKERS) IN BRITAIN IA Company Llmlted by Guarantee) TRUSTEES, REPORT (contlnued) FOR THE YEAR ENDED 31 DECEMBER 2020 REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020 Trustees Kelth Barnes Rosallnd Batchelor Illlan Charters Ireslgned 311121201 1150n Clarke Iresi8ned 311121191 Nick Folkard lappolntèd 221021211 ohn Guest Brian Jardlnè Lèsley O'Neal Danlelle Palmour Irèslgned 311121201 Barbara Penny Roger Pleree lappolntad Oty011211 ohanna Relllv eof Sewell lappolnted 14103120201 o.opted Area Meetlng Clerk Barbafa Wlndle mpany reglstered number 6861684 harlty reglstered number 1133306 eglstered offlce uak•i Meeting House, Friargate, York, VOI 9RL ndependent Examlner BHP LLP, Rlevaulx House, I St Marfs Court, Blossom Street, York, Y024 IAH Bankers F Bank, 25 Kln8s Hlll Avenu6, W•st Malling, ME19 4TA he Charity Bank. Fos5e House, 182 High Street, Tonbridge, TN9 IBE o-operative Bank, P.0. Box 48, 1 Ballotsn Street, Manehester, M60 IGP Ecology Bulldlng Society, 7 Belton Road, BD20 OEE riodos Bank, Deanery Road, Brlstol, BSI SAS orkshlre Bank, 14 Market Place, Thirsk, Y07 IID orkshire Buildin8 SocietV* Yorksh5re House, Bradford, BD5 8U ollcltor$ Russell-cooke, 2 Putney Hill, London, SW15 6AB Rollits, Fgrsyth House, Alpha Court, Monks Cross, York Y032 9WN, UK. Insurance Broker David Edwards Herrin House Henle -In-Ard8n B95 5BY page 2
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN IA Company Llmlted by Guaranteel TRUSTEES, REPORT (contlnued) FOR THEYEAR ENDED 31 DECEMBER 2020 The Trustees (who are also dlrectors of the charlty for the purpose5 of the Companles Act) presènt thélr report and the flnancial statements of the charity for the year ended 31 De¢ember 2020. Th• Trustèès have adopted the provisions of the Statement of Recommended Practlce ISORPI "Aeeountlng and Reportlng by Charltles" In preparlng the annual report and financlal statémènt$ of the charity. Thè flnancial 5taternents have been prepared in accordance wlth the accountin8 polle5es set out notes to the accounts and comply wlth the charltws governlng docurnent, the Charltles Act 2011 and Aceountlng and Reportlng by Charltles.. Statement of Recommended Practlce appllcable to charitles preparin6 their accounts in a¢cordance with the Financlal Reportlng Standard appll¢able to UK and Republ1¢ of Ireland publlshed In Oetober 2019. ObJectlve5 andActlvltles Pollcles and oblectlves The object of the charity is to advance the religious purposes of the Rellglous Soclety of Frlends (Quakers) In Brttaln In the arèa of the York Area Quaker Meetlng IYAQMI and beyond. The trustees confirm that thèy have referred to the guldance contalned In the Charlty Comm1s51on's general Buldance on public beneflt when revlewing the aims and oblectives and planninB tha actlvitiès of the eh?rity. The principal actlvlty Is the holdlng of MÈetlngs for WorshSp In thè constituent Local Meetlngs. Further detalls as to how actlvities have fulfllled the publlc beneflt requirement are set out In the actSvltles for achlevlng oblectlves and burlal 8rounds sectlons of thi5 report. Prlnclpal responslbllltles of trustees Pr(ncipal responsSbllltles of trustees are.. • To promoto effective mana8oment of the ¢haritVs bu51n8ss affalrs, koeplng ways of workln8 undor r8vl•w $0 th?t IlmltÈd réseurces are used to best effèct- both flnanclal resourcts and the tlme and energy devotod to buslnÈss affalys by members indSvldually and colle¢tivelv. • To sustain a financlal stratesy ihat •nabl95 Tunning cgsts to be met, flnanclal support provided to Britaln Yéarly Meètlng In propDrtlon to the slze of the Arèa MÈetln8, and a wlde rangè of charltable actlvltles funded, whllst ansurlng approprlate provlslon Is made for the future. Reports from trustèes on most matters for consldèratlon by thè mernbershlp at an Arèa Meètlng are now clrculated for consld8ratlon by Local Meetings boforehznd. A brief report on each Trust8es' rneetin& prepared by the Cl4rk, usually appears In "QuakevSne' the Area Meetlng newsletter. The management tsf properties lotherthan for carrylng out mlnor repairs and Internal redacoratlonl Is ngw carried out by Area Meètlng through an Area Meetlng Tru5tees' Property Commlttee. page 3
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN {A Company Llmltsd by Gyaranteel TRUSTEES, REPORT Icontlnued) FOR THE YEAR ENDED 31 DECEMBER2020 Covld-19 A5 a result of the Covid 19 pandemic, all 5 Mèètl¥E Hous05 were closed In late March 2020 and remalnèd closed untll july. They were further closed In oarly 2021, bèfore re.openinE on a gradual basls from May 2021. DurSr)g thesè lockdown tlm65, all Locèl Méètlngs took steps to continue to hold MeetSn8 for Worshlp through the use of technology, such as Zoom, and to malntaln overslght of those Frlends who arè Istslated and p0551bly at greater rlsk. The strength of the bond between Friends has been very apparent. Between July 2020 and the year end, before thè sacond lockdown, there was a gradual re-openlng In accordance wlth the Governrnent's social dlstanclng guSdelinÈs. Throughout the pandernic a lialson 8foupi inltlated by trustees and Including a member of each meetln& has exchanged information and advice. The closure of thÈ Meetlng Houses has resulted In a slgniflcant reduction in income from lettings in 2020 whlch was part5ally offset by an interim Insuyance settlement recelved In July 2021.. In actordance wlth paragraph 5.53 of the Charity Statement of Recommended Prattlcé, th15 settlement has not been reflected In these Accounts. Some staff have contlnued In ernployment, whilst other staff have been placed In tha Government's'furlough, scheme on full pay. The overall financial impact is not posslble to quantlfy at this time but should be readily manageable within the Area Meetin$ Unrestricted Funds carrled forward at 31 December 2020. An initial action has been the walvlng of the major repalrs quota, from Local Mèetirtgs to the Afea Major Repalrs Fund, for 2020. Actlvltlos for achlevlng obJectlve8 Thé number of Quakers registered as members is 3651369 In 20191. In addltlon, there are 242 attenders1207 in 20191, 169 adults and 73 chlldren not In membershlp. Members: Aeomb43 York IFriargatel 138 Harrogate 73 New Earswick 81 Thlrsk 30 TOTAL IN MEMBERSHIP 365 In normal tirnes Inon-pandemicl Meotlng for Worshlp is held at least once a week in each of ourfive Meetlng Houses. Each Local Mèetlng is responsiblè for a programme of activitles to support the splrltual life of the Me6tlng- th15 May Include d15cussion groups, one-off talks and meetings for learning. Occaslonally the Local MèetSng5 work together to organise ev¢ntS such a5 Quaker Quest. an outreach programme. Our Area MeetlnB Is an actlve member of Quakers In Yorksh1 and as such, plays a role in fostering Quaker activStles across the whole of Yorkshirè, including arranglng a summer hgllday pra8ramme for children and young peopl8 and a re51dentlal famlly programme at Easter. The Area Meetin8 Bursary Fund supports Members and Attend•rs wlshlng to attend cours85 and conferences to foster thelr spiritual and personal development. Wè are pleased that Friargate's additional rooms, cornpleted in 2016, continue to offer opportunltles to connect to and support a wide range of voluntary organisations through the provislon of meetlng spacès. We now have a city centre Quaker centre whlch serves the wider communitvi though the concept has been on hold during the pandemic. Each of our other Meetlng Houses also provldes outreach through the provision of meeling spaces. Unfortunately, the pandemlc has limited the use of, and Income from, all Meetin8 House spaces. The Frlargate Warden's House, no longèr néeded by staff, Is now lèt to a famlly of Syrlan refugees. Each Local Méetlng 5UPPQrts Its members who are actlve In thelr local communlty undertakln8 charltable aetlvlt1è5, and page 4
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS IQUAKERS) IN BRITAIN IA Company Llmlted by Guarantee) TRUSTEES, REPORT {contlnued} FOR THE YEAR ENDED 31 DECEMBER 2020 Inltiatives which build a harmonious comrnunlty and promote peace and soclal lustlce. Although restricted due to the Coronavirus pandemlc, examples are support for Refugee Action York, the York Clty of San¢tuary project, Harrogate Local Meetlng becomlng part of Harrogate DSstilct of Sanctuary and offerSng spaee to ¢ommunlty groups. Wh*r6 posslble, actlvltles have a150 included York Human Rlghts CSty, YorkTravell&rsTrust, St Peter's HarroBate Breakfast Club, Alternatives to Vlolence Project, Cone Exchangè Irecycling Initiative whlEh bènefits buslnesses, schoolsand charltiesl, Samaritans, Ripon Toy Libraryi SUPPOrtforthe local food banks In Northallerton and York, monthly colleetlon5 of clothing, money etc for York C3reeent (brèakfast club for socially excludèdl, support fgr the Thlrsk Clock Iwhlch helps local young people who are homeles5, lonely OT troubled), Thlrsk Talk5 (open to the publlc on a range Of subjects IncludSn8 Jervaulx Abbey and Sustalnabllltyl, prison visltlnggroups at Askham Grange and Full Sutton prlsons, confllct resolution In Carrjuniorand other Schools, Days for Glrls, VolunteerSn8 at Care4Calals.. Our Meetlng Houses are used by many communlty 8roups as well as larBer organlsatSons. Examplès of the Issues addressed by the former Inelude Mindfvlness, Improving Aece5S to Psycholo8lcal Thgraples, Famlty Mediation and Wellbelng. Burlal Grounds There are four burial grounds in the ownershSp of the Area Meetlng. The burlal ground In Thirsk adlolnlng the M•ètlng House Is well malntained and available for the scatterSnE of ashes. The hlstoric ground at Dacre Is also malntalned, and the ground at 5cotton Is malntaSned by a rnixture of pald professlonals and Harro8ate Quakers on a voluntary basls, and has been brought back Into use by Frlends for slmple'green, burials, generatlng Income to support the malntenante of the property. The burial ground at Th• Retreat In York Inot In the ownership of York Area Quakor Meetlngl has been axtended, is well malntaSned and 15 in regular use. The hlstoric burlal 8round at Blshophill Is no longer in use, but Is malntalned and can be vlslted. A leaflet has bèen prepared to publlclse the exlstènce of the burial grounds and thelr availability for burla15 and the scatterlng of ashè5. The leaflet Is avallable In Lotal Mèetin85. Achlevements andperfvrmance Revlew of actlvltles and flnanclal revlew Durlng the year the Area MeotSng's ownershlp of 20 Falsgrave Crescent. York, has contlnued. Thls was a donatlon from the Youn8 People's Fellowshlp IYPFI when the latter closad down. The building had its orl8lns as an Adult school set up by the Rowntree famlly, but latterly has been occupled by thè YorkTravellers' Trust (Yfl and the York Raclal Equallty Network IYRENI. During 2020 rent was pald to YAQM by Yrr and YREN, and YAQM ha5 Te5pon5ibility for maint8nanc•. In early 2021 YREN rellnqulshed Its spaco and thls Is belng taken over by Yrr. A nÈw, formal lease has been agreed wlth YIT. The property has be8n valued in th? Accounts by the Trustoos at £80,000, It appears on the balance she¢t as an Investment property, and thls sum together wlth the donatlon and net Income from the property has been transferred to d&slgnat•d fund of £90,465. The total incomin8 resources of the chaTltable Company for the yearto 31 December 2020 were £274,84512019- £508,941). The regular Income of the Charity com6s largely from the donatlons of members and attÈnders, and from the letting of promlses to outside groups on weekdays and Saturdays, and occaslonally on Sundays. In the year to 31 December 2020 £95,69512019- £244,662) was derived from lettln8s, £129,90112019- £138,964) was derlved fmm loeal Quaker5' regular8ivin8 and Collectlons. The MeetlnB Housas are eentral to our purposes. but ara used by members only to a Ilmlted oxtent from Monday to Saturday. The e05ts of maintenance and Improvement5, securlty, Insurance and some caretaklng have to bè met Irre5pectlve of use. Therefore, income from lettings Is essential Sf the bulldlngs are to be maintained Sn a good condition and updated ès necessary. We are also glad to see the Meeting Houses b•lng put to good use as a community resource. Vork IFriarBatel and Harrogatè Use relatively largo Meetlng Houses, each with a numb6r of rooms that Can be let slmultaneously. These Meetin8S therefore Èmploy staff to help manage the premises and have substantSal Income from page 5
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIEfY OF FRIENDS (QUAKERS) IN BRITAIN IA Company LlrnSted by Gu¥r8nteel TRUSTEES, REPORT Icontlnued) FOR THE YEAR ENDED 31 DECEMBER 2020 lettlll8S, though support cgsts are relatively high. The Maètlng Htsuses used by Acomb, New Earswlck and Thlrsk are smaller. These Meetings have a more rnodest Income from lettlngs, but at a tnuch lower tost. The total r850urce5 expended by tho charStablt company in respect of the year to 31 December 2020 were £331,208 12019- £333,521), glvln8 net outgolng resources before donatlon of property and other recognised galns and losses of £56,36312019- net Incoming resources of £175,420). Th8 key areas of oxpendlture were 8rants and donations of £117.14712019- £67,544) and support cost5 of £152,46112019- £178,248). Eleven grant5 totalling £9,699 w•ra made to non-Quaker bodles In 202012019- five grants totalling £1,470) Inv85tmÈnts recorded overall galns of £2,06212019- £6,3421 in th? year. There wa5 nll movemènt on Restrlcted Funds and Endowment Funds In the year12019 Endowment Funds £nil, Restricted Funds £nlll re5ultlng kn a net decrease In funds of £54,30112019- net increa58 of £181,762). The closlng funds of the charitable company at 31 Oecembèr 2020 wèrè £1,378,97812019- £1,433,279) of whlch £701,40912019- £701,409) were endowment funds, £12,60612019- £12,606) rèstrletèd funds, and £664,963 12019- £719.2641 werè unrestrlcted funds. Change In AccountlnB Poll¢y Durlng the yearth• trusteès agreed a recommendation to change the accounting policy forthe valuatlon of the Meetlng Houses in the Annual Atcount5. In atrdance wlth Section 18 of the Charity Statement of Recommended Practlce, the Meetin8 Houses have been deemed as heritage assets at the date that they were transferred to the Area Meeting at nil eonsldaratlon In 2011. The trustees conslder that the cost of obtalnlng è current market valuatlon of the buildings would not be commensurate with the benefit to the users of the accounts and to the charlty for Sts own stewardshlp purposes, and thèy theréfore determSned that a notional nil value should be placed on them In 2011. Major Improvements to the Meetlng Housès slnce 2011, whlch represent developments at Friar8ate In the period 2014-2017, aro Included In the Accounts at cost. The effect of thè change In Accountlng Pollcy Is set out in Note 23 to the AontS. The eurrent valuation of the Meetlng Housès for Insurant6 purposes Is £6.0m. Brltaln Yearly Meetlng Donatlon In March 2020, an extra one-off donatlon of £30,000 was made to Britain Yearly Meeting from Area Meetlng Funds. Thls follow•d the repayment, In October 2019, gf the same amount by Frlargate Local MeetinB to Area Meeting Fund5. Golng eonceyn AftÈr maklng approprlate enquSrles, the trustèès hav• a rèasonable expectatlon that the charStable company has adequatè resources to contlnue In operational existence for the foresoeable futuro. For this reason they continue to adopt the 801n8 wncèrn basls In p¥eparlng the flnanclal statements, Reserves poIIcv Trust88s hav8 examined the charlty'5 requir•mants for reserves Sn liBht of the main ri5k5 to the organisatlon. Our Intentlon Is to malntaln reseNes at a level whlch wlll enable the actlvltles of York Area Quaker Meetlng to be contSnued and the buildlngs undèr our stewardship to be maintained. All of thé fiv$ constituent Local Meetings use buildings that are sultable fortheir purpose and In good condltion. The Area Meetlng Trustets, Property Committee rnanages the charity's estate, and Is responslble for major repairs of Meeting House5, 50 thère Is a shared Major Repalrs Reserve. Total funds at 31 December 2020 are £1.378,97812019- £1,433,279). The levèl of free rèsèrves lunrestrictèd fvnds lèss pagÈ 6
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS IQUAKERS) IN BRITAIN (Acompany Llmlted by Guarantee) TRUSTEES, REPORT Icontlnuedl FOR THE YEAR ENDED 31 DECEMBER 2020 desl8natad and unrestricted fixed assets) 3t 31 Decemb•r 2020 is £408,32112019- £462,622), In consultatlon wlth Local Meetlngs, Trustees revlewed the DesiBnated ènd General and Local Funds such that thÉrè Is ngw.. al A general fund for each maetlng, bl A single Area Meeting Malot Repairs Fund. cl A fTee reserve, whlch the Area Meeting consld¢rs UslnB for promotlng Quakeroblertiv6s, such as support fgr BTltaln Yearly Meetin8. Structure* qovemt7nce monagement Memorandum and Artl¢les of Assoclatlon The charlty is a company Ilmited by guarantee, boln8 re8lster8d in England and Wales under company number 06861684. The company was Incorporated on 27 March 2009. The cornpany was re8lstered as a charltywlth the Charity Cornmlsslon on IS December 2009, with charity number 1133306. Th? charitable company adopted a m8morandum and articles of assoclation upon incorporatlon on 27 March 2009. ThSs governlng docurnént was amended by $e131 resglutlon In January 2010 and at a Generèl MèÉtlng held on 13 Septembèr 2014. Durin8 2011, a Scheme wa5 agreed with the Charity Commission, whlch governs the various small charities Isome now defunct) assoclated wlth YorkQuakerArea Meètlng. Thls also covers thè propertles owned bythèArea MeetlnB. Thes& are collectlvely knLiwn a5 The York Area Quaker Meetlng Charlt1é5 and share the r•gSstered number of York Area Quaker Mèetlng. Followln8 the agr•ement of thls schema the propertles and Investménts previously held by Frlènds Trusts Limlted as custodlan trustees were transferr to the Companv. Thè Board of Trustees has thè duty and responsSblllty to mana8e the buslnèss of the charity as requlred by law. Under the currenl Éovernlng document, the Board should conslst of no fèwer than flve and no more than f5fteen persons appointed by the member5 of the Charlty,. every trustee must be a mèmber of York Area Quaker Meetlng. The tiustees are appolnted from members of the York Arèa Quaker Meetin8 nomSnated by the Nominatlons Committee, The 3ppointrnents take placè at meetin8$ of the mombers of the charlty. A trustee may be appointed for a perlod of three years. At the end of such period he or she may be reappointed on up to two occasions gSvln8 a maxlmum term of offlce as a trustee of nine years. In èxceptlonal clrcumstances a trustee mav be appolnted for a further term exceeding the maxlmum term but only wlth the consent of the membèrs. A trustee who has served a perlod of nine years may be rèappointed for further pariod5 of offlce If not less than one year has elapsed slnco hé or she Izst seNed as a Trustèe. The Board has the power to apptslnt up to three Frlends as additional co-opted trusteès. They will hold offlea until the next annual general mèeting, or where no annval general meeting Is held, until 12 months followlng the original appointment, when the Board may reappolnt them. No co-opted trustee can serye more than thrfre years without the agreemont of the members. Organlsatlon York Area Quaker Meetlng is constituted as a member5hlp organisation. Members cornè tO8ether wlth regular 'attenders' for worshlp and other a¢tlvSties In the flve local Meetlng Houses In the area, page 7
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN IA Company Llmlted by Guarantee? TRUSTEES, REPORT (contlnued) FOR THE YEAR ENDED 31 DECEMBER 2020 MembgTS from Local Meetlngs come tQ8ether slx tlmes a year In an Area Meatlng for Buslness, to whlch all members and attenders are Invlted. When trusteas are flrst appolnted tonsld•ratlon Is glvèn to thè experlence and 5k1115 they wlll brln& and any hÈed for tralnlng or p3rticular support Is identlfled, Before taklnH up office new trustees are invited to sit in as observers at a meetlns of the trustee body. Trustees work wSthln terms of reference approved by the members of the Area Meetlng reflecting principles of governance set down It)"Quaker Faith and Practice c)f the Rellgious SocSèty of Frlgnds In BrltaSn', The member5 of each Local Meeting have delegated responslbllitles for ralsSn8 funds, managing expendlture, routine maintenance and managln8 any staff, advlsed by local flnance andlor prèm55es commltt•8s. Each Local M•etlngappolnts a Treasurer who prepares a budg&t and produces managernent accounts. During thè yèar thère has been joint werk5ng wlth Local Meetings, where appropriate, to ensure polieie5 and practices are ¢oherent- while respecting the diveTSlty of Loeal MeetirKs. Current Snvestments are all now the responsibility of Area Meetin8 Trustees. with advice from consultants, Investing Ethically. Property Trustees have overall responslblllty for en5urlng that qulnquennlal survèys of thè propèrtlÈs are carrled out and that thè practlce of Local Meetings mèet5 the standard5 of health and safety policies. Malor repairs to all buildings are the responsSbllity of Area Meetlng Trustees throu8h the Area Meetln8 Propertv Commlttee. Local Meetlngs remaln responslble for day-to-day malntenancè. Tru5tee5 have sècured agreement wlth York Housing Association that the property at 14 Friargate wlll be used for soc5al housing only,. if York Housing A5soc5ation no longer wish to use the premlses for social housin81 the Housin8 Association must offer to surrender the lease to York Area Quaker Meetln8. Thè bulldlng at 20 Falsgrava Crèscent, York was donatèd to YAQM durfng 2019. An insurance pollcy, taklng Into account the professional review of the values undertaken In 2015, is in force, Employment York Area Quaker MeÈtlng Is a livlttg wage employ•r reglstered wlth thè Llvlng Wage Foundatlon. York IFrlargatÈl has a part-tlme Business Manager, two part-time Meeting House Assistants and twr> Meeting House Asslstants on casual tontracts. These numbers are likely to chan8e during the comin8 year. In December, trustees agreed to offer a revised contract to the Frlargate buslness manager, extendln8 her hours and responslbllltles, to provlde more assistance with the runnlng of the Afea Meetlng. Harrogate ha5 a part-time Wardèn and a part tlme Cleaner. Thlrsk has a part tlme Caretaker/Cleaner. In early 2020 a new part.time person was employed to a5515t with Trustees, and other admSnlstration. In each case, the contract of employment is with the Area Meetin& with line-rnanagement re5ptsnslbllltltrs delegated to the Local Meetlngs as approprlate. During the year an employment group advlses trL*Stees. Cleaning 5ervlces for Acomb. Frlargate, and New EarswSck Meetlngs are provlded ¢Jnder contract. The management and conduct of all affairs of the Area and Local Mèetings is otherwise undertaken by the members workln8 on a voluntary basis. Trustees monitor the ways In whlch Local Meetlngs exercise thelr delegated Management responslbllltles, advlslng and taklnE actlon as necessary. Rl$k man8%ement Trustees have complled a consolldated reglster of thÈ arrangèmènts ftsr rlsk managÈmènt made by each Local MeètlnB, and by trustees themselves. Meetings are asked to keep their arrangement5 for risk management under review and makt any Improvements requlred, havlng consldered the steps belng taken by other Meetings. Such reviews are reported paga 8
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN IA Company Llmlted by Guaranteel TRUSTEES, REPORT Icontlnued) FOR THE YEAR ENDED 31 DECEMBER 2020 blennially toTrusteÈs. We are 5atlsfiedthatflnanclal, employmant, data protectlon, health and safety and other practlces meet regulatory requirernents. Data York Area QuakÈr Meetin8 has publlshed a Data Prlv?cy Notlce on our webslte yorkquakers.org.uk Sustslnab511ty Over 18 months a 8roup of Frlends In York Area Meeting trled to find out about our responses to the challenge of sustainability. Thay obtaSned informatSon through quèstionnalres, phone calls and Sntarviews. The rosults and a subsequent report to the Area Meetlng can be found on the York Area Meetlng web$lte'. yorkquakeis.org.uk. The results were grouped underslx headin8S: Food Hom85, Heatln81 Energy Wtste Wash and Clean Travel Action and Dllemrnas The report posed the questlon.. Does the realls3tlon of th• cllmate emergency requlre more or dlfferent actlons and angagement from us? Plans for future perlod5 Our main challenges forthe irnmedlate future will be to readjust cur actlvltie5 to cope wlth Covld-19, and to further dèvelop the arrangements for managlng our propertlès, ensurlng we have adequate funds available for thls. addition, the use of 20 Falsgrave Crescent wlll be kept under revlew, as will our us¥ of free reseNes. A slgnSficant effort is belng made by trustees to further Improve our saf&guardlng policy followlng advice from BYM. Thls Is Ilkely to result In some chan8es to the way we appolnt Friend5 to partleular roles. Informatlon on fundralslng practlces Local Meetlngs contad Mernbers and Attenders, usually by letter once each yèar, to ask them to consider maklng a financlal donation to our work. Area and Local MeetSngs oceaslonally se8k fl¥Tranclal 5UPPOrt Irom other Quaker mèètlngs and Quaker charitable bodla5 In 8rltain Yearly Meètlng when seekin8 financlal help wlth major biJ11ding work on our m8etlng houses, We do not fundralse from M•Mr5 of the 8eneral public. Trustees, responslbllltles Statement The Trustee5 (who ar6 also directors of the charity for the purpose5 of cornpany lawl are responslble for preparfng the Trustee5' Annual Rèport 3nd the flnanclal statements In aceordance wlth applicable law and United KinÉdom Accountln8 Standards Iunlted Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare flnancial statern•nts for each flnanclal year, which glve a true and falr VIÈW of the state of affalrs of the eharitable company and of the incomlng resourcés and applicatlon of resources, Includin8 the Incorne and expenditure, of the charltable companyfor that period. In preparing these flnaneial statements, the Trustees are required to.. select sultable accountlng pollcles and thèn apply them conslstentlv,. pa80 9
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS IQUAKERSI IN BRITAIN IA Company Llmlted by Guarantee) TRUSTEES, REPORT Icontlnued} FOR THE YEAR ENDED 31 DECEMBER2020 observè thè methods and prlntlples Iri the Charities SORP 2019 IFRS 1021,. make judgments and estimates that are reasonable and prudent,. state whether applicable UK Acco¢Jntlng Stsndards havè bean followed, subjèct to any materlal dapartures dlsclosed and oxplained In the flnanclal statements,. prepare the flnanclal stat&monts on thé golng Concern basi5 unless It Is Inapproprlate to presume that the charitable company wlll contlnue In opèratlon. The Trustees are re5ponslble for keepinB adequate acwunting records that disclose with reasonable accuracy at any time the flnanclal position of the charitable company and enable them to ensure that the flnanclal statements comply wlth the Companies Act 2006. They are also responsible for safeguardlng the assets of the charltable ¢ompany and hene¢ for taking reasonable 5tep5 for the prevention and detection of fraud and other irregularities. Thls report was approved by the Trustees on 7 December 2021 and slgn•d on thelr bthalf by.. Kelth Barnes Trustee page 10
Jane Marshall (Dec 20, 2021 11:08 GMT)
Dec 20, 2021
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS IQUAKERS) IN BRITAIN IA Company Llmlted by Guarantee) TATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020 Unrestflcted funds Restrlcted funds Endowment funds Total funds Total f¢Jnds 2019 2020 2020 2020 2020 Restatèd Income and endowments from: Donatlons and le8acles Qthertrading actlvltles ob Retentlon Scheme (Furlough) Investments 153.655 110,146 7.913 3,131 153,655 110.146 7,913 3.131 250,335 256,391 2,215 otal Income and endowmenls 274 845 508 941 Expendlture on: Ralslng funds.. Fundra15ing tradlng 115.924 115,924 166,147 Charitsble actltIeS 215 284 167 374 otal expendlture ayl 208 333 521 Net lexpendlturelllncome before Investmentgalns 156.3631 156,3631 175,420 et galnslllossesl on Investments 62 Net lexpendlturel/5ncome before transfers 154,3011 154.301} 181,762 ransfers between funds et lexpek)dlturelllncome before other recognlsed 8aln5 and losses 17 154.3011 {54,3011 181,762 Net lexpendlturelllncome and n movement In funds 154,301} 154,3011 181,762 otal funds brou8ht forward 719 264 701409 1251517 otal funds carrled forward The Statement of Flnanclal Actlvltlos Sncludes all Balns and losses In the year. page 12
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN IA Company Llmlted by Guaranteel The notès on pages 16 to 29 form part of these flnanclal st?t¥ments. BALANCE SHEET S AT 31 DECEMBER 2020 2019 Restated 2020 Note Ixed assets Heritage assets anglble assets Investment property li 12 701,409 5.81)0 80,000 701,409 13 80,000 Investrnents 14 832,835 824.696 Current assets D•btor5 15 30,807 36,695 Cash at bank and In hand 557 769 613 931 588.576 650,626 fedltors: amounts falllng due wlthln onè year 16 Net currentassets 608 $83 otal assets le$$ ¢urrent1Sabllltles 1,378,978 1.433,209 redltors: amounts fallrng due after one year et assets 17 Charlty Funds Endowment funds 17 701,409 701,409 Restrlcted funds 17 12,606 12,606 Unrestricted fLsnd5 17 719 264 otal funds Reglsterèd Number 06861684 page 13
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIEfY OF FRIENDS (QUAKERS) IN BRITAIN IA Company Llmlted by Guarantee) TRUSTEE APPROVAL Th8 eompany'sfinanclal statements have been prèpared in accordanee wlth the provislons appllcableto companies sublect to the small companies. reglme. The flnancial Statèments were approved and authorised for15sue by the Trustee5 Qn 7 December 2021 and signed on their behalf bv.. Trustee Trustee Th? notès on pa8es 16 to 29 forrn part of these financlal statements. page 14
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN (A Company Llmlted by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020 2020 2019 Note Cash flow5 from operatlng actlvltle5 Net cash (used inl/provlded by operatlnB actlvltle5 20 59.016 ash Ilows from Investln8 actlvltles: Dlvldends, Interest and rents frorn Investments Purchase of property, plant and equipment Proceeds from sale of investments Purchase of investmènts Inetl 3,131 2,215 277 500 Net cash provlded by/lu$ed Inl Investlng artlvltle5 hange In ¢a$h and cash equlvalents In the year {56,1621 73,761 sh and cash equivalents brought forward 613 931 540 170 ash and cash equlvalents carrled forward 21 pa80 15
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS IQUAKERS) IN BRITAIN IA Company Llmlted by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Accountlng Pollcles as15 ofprepurotlon oAAlnunclolstotements he financlal statèments have been prepared In accordancè wlth Accountln8 and Reporting by CharStSes.' tatement of Recommended Practlce appllcable to chaTltles preparing their accounts In accordance with th? Flnancial Reporting Standard appllcable In the UK and Repuhllc of Ireland Issued in October 2019, the Flnancial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021, the Companies Act 2006. he Charltles Act 2011 and UK Generally AccèptÈd Accountlng Practlce. ork Area Quaker Meetlng of the Religious Soclety of Frlènds lQuakersl In Brltaln meets the deflnltlon ol a ublic bentrfit entity under FRS 102. A55ets and liabillties are initially recogni5ed at hSstorical cost or ransaction value unless otherwlsè stated in the relevant ontIng pollcy. he flnanclal statement5 are prepared in storllngj whlch is the functlonal currèncyof tho charfty. Monetary mounts in these financlal statèments are rounded to the nearest £. ncome 11 income Is rècognlsed once the charitable company has entltlement to the income, it Is probabl6 that the Ineome w511 be recelved and the amount of Income recelvable Can be measured rèllably. rants, where settlement is not condltlonal on the dellvery of a spe¢lflc performance by the charltvi are recognised when the charity becomès uncondStlonally entltled to the grant. xpendlture sts of generating fund5 aré costs Incurred in attracting voluntary Ineome, and those incurred in trading ctivities that raise funds. 11 expenditure is accounted for on an a¢cruals basls and the malorlty of costs are allocated directly to th* ctivity to whlch they relate. upport cost5 arè those Incurred In support of the actSvltles of the char4table company, and arè apportloned n the basls of estlmated usage. Governance costs are thosè Incurrad In fulflllln8 the statutory and othèr imilar obli8ations of tha charitable companv. enslon costs he ¢h4ritablè company operatesa deflned contrtbutlon pension s¢hem¢ and the panslon charge represents he amounts payable by thè charltable company to the fund In respect of the year. pag• 16
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS IQUAKERSI IN BRITAIN IA Company Llmlted by Guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Accountln8 Pollcles Icontlnuedl T¢7nqlbleflxedossets anddepreclarfon he land and bulldings of the charity ar6 deerned as h•rltage assets In accordance with Sectlon 18 of the harlty Statement of Recommended Practice. notlonal nll value has been plad on the land and buildings atthe date theyweretransferred to the charity t nll conslderatlon In 2011. Addition5 slnce 2011 are included in the Aceounts at cost. No depreciatSon Is provided on land and buildings as they are malntalned in a statè of good repalr and ccordingly the Trustees considerthat the lives of these assetsare so lon8 and the residual value5 are so hlgh hat any depre¢lation charge would be Inslgnifieant. E¥pendlturo on Indlvldual Items of computèr equlpment and softwarè In excess of £2,5001s deproelated over 3 years. Fixtures and flttlng5 are charged to the Statement of Financlal A¢tivities sn the year of xpenditure. Computer and other office equlpment up to £2.500 Is charged to the Statèment of Flnancial tivities In the year of expenditure.. expenditure ov*r £2,500 Is capltalised and depreciated over 3 years, ommencing in the year of purchase. nvestments Flxed a55et Investments are a form of flnancSal Instrument and are Inltlally recognlsed at thelr transactlon ost and subsequently measured at falr value at the Balance Sheet date, unless fair value c?nnot be eè5ured Yeliably in whlch case it is measured at cost1$ss impairment. Investmentgains and losse5, whether ea115ed or unreallsed, are comblned and shown in the hèadlng 'Gain5/llossesl on Inv85tmentg In the tatement of Financlal Activities incorporatin8 IncomÈ and Expendlture Account. LSsted investments 15 taken to mean investments listed on a recognSsed stock exchangè or investments alued by reference to such Investmènts, and includes for example equitltrs, fixed interest securitles, ommon investment funds, opèn ended investment eompanles and unSt trusts. unduc¢ountlng eneral fund5 are unrestricted funds whieh are avallable for use at the discretlon of the Trustees in urtherance of the general oblectlves of the charltable company and whlch have not b8&n de518nated foi ther purposes. eslgnated fvnds comprlse unrestrlcted funds that have beerk set aslde by the trustees for partlcular urposes. Local funds are a type of unrestrictèd fund- they reflect 8eneral funds of tha Individual Local Meetlngs that re treèted as unrestrlcted ft4nds at the Area Meeting level. estrlcted funds arè fuftds which are to be used In accordance wlth 5peclflc restrSctions Imposed by donors r which have been raised by the Charlty for partlcular purposes. page 17
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIEfY OF FRIENDS (QUAKERS) IN BRITAIN IA Company Llmlted by Guarantsel NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Accountlng Pollcles Icontlnued) trSt recelvuble Interèst on funds held on depos5t Is included when re¢eivable and the arnount can be measured rellably by he cornpany,. thi5 15 normally upon notification of the interest pald or payable by the Bank. btors rade and other dèbtors are recogn15ed at the s•ttl•ment amount after any trada dlseount offered. Prepayments are valued at the amount propaSd net of any trade discounts du•. i.io ash ot Bank and In hund ash at bank and in hand Ineludès cash and short term highly Ilquld Investments with a Short maturlty of up o twelve months or lèss from the date of acqulsltlon or opening of the deposlt or slrnllar account. .11 bllltles andprovtslon5 Llabilitles are re¢ognlsed when there Is an obllgatlon at the Balance Shèet datè as a result of a past event, It s probable that a transfer of economlc benefit will be 18qulrtd In settlement, and thè amount of the ettlement can bè estlrnated rellably. Liabllities are recognised at the amount that the charitable company nticlpatos It w511 pay to settle the debt or the arnount it has received as advanced payments for the goods r servlces It must provlde. Provi51ons are measured at the best estlmate of the amounts requlred to settl he obligatlon. Where thé effect of the time valuÈ of money Is materlal, the provlsion Is based on the present lue of those amounts, discounted at the pre-tax dlscount rate that reflect5 thè rlsks speclficto the liabillty. he unwlndSng of the dlscount is recognised within interest payablè and similar charges. 1.12 mployee benejits ha costs of short term •mployee beneflts are reeognlsèd as a IlabSllty and expense. he cost of any unused hollday entltlement is recognlsed In the parlod In which the employèè's sèrvlces re received. ermlnation benefits arè recognlsed immediately as an expense when the company Is demonstrably ommitted to terminate the employment of an employee orto provlde termlnatlon beneflts. Pa8e 18
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN IA Company Llrnlted by Guarantee) NOTESTOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2020 Accountlng Pollcles {contlnuedl .13 rltlcul (coUntIng estlmutes ond t¥rea5 oAJudgment stimates and judgments are contlnuallyevaluated and are based on historical experlence and otherfactors, including expectations of future events that are believed to be reasonablè under the clrcumstances. rltlcal accounting estlrnates and as$umptions'. he company makes estlmates and assumptions coneernln8 the future. The resultlng accounting ostlmates nd assumptions wlll, by definitlon, seldom equal the related actual results. The est5mates and assumptlons hat havè a significant rlsk of causing a material adlustm•nt to the carrylng amounts of asséts and liabilltSes ithin the next financial year are discussed below. and and bulldlngs ho land and bulldln8s of the Charity are lrtcluded at £NII at the dat• of transfer to th$ charity in 2011 and 05t since 2011. 1.14 olng concern t thè tlme of approvlng the flnan¢Sal statements, the Trustees have a reasgnable expectation that the charlty has dequate resources to contlnuè In operatlonal Èxlsten¢e for the foreseeable future. Thus, the Trustees contlnu• o adopt the 8oin8 eon¢ern basis ol a¢wuntin8 In pr8pèrinB the flnan¢ial statements. onatlons and legJ¢les Unrestrlcted funds 2020 Restrlcted fund$ 2020 Endowment funds 2020 Total funds 2020 Totsl fund5 2019 Donations of Members 4nd Attenders Tants, Other Donations and Legacles ift of propertv otal donatlons and le8acSès 129,901 129.901 138,964 23,754 23,754 31,371 80,000 otal 2019 250,335 250,335 page 19
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS IQUAKERS) IN BRITAIN IA Company Llmlted by 6u?ranteel NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Other tYadlnB actlvltle$ Unrestrlcted funds 2020 Re$tYlcted funds 20ZO Enilowment funds 2020 Totsl funds 2020 Total funds 2019 Lèttlng Income 95,695 95.695 244,662 Investment propertv Other Income 8.913 5,5Y8 8,913 5.538 7,988 3,741 otal 2019 2S6,391 256.391 Investment Income Unrestrlcted funds 2010 Restrlcted funds 2020 Endowment fund5 2020 Totsl funds 2020 Total funds 2019 Income Irom UK listed investments Bank Interest recelvable 753 2,378 753 2.378 960 1,255 otal 2019 aln8 funds ettlng costs and other costs Unrestrlcted funds 2020 Restrlcted funds 2020 Endowment funds 2020 Total funds 2020 Total funds 2019 Irèct eosts upport COSts. premlses and staff tt¢5ts Bad debts nve5tThènt propertv xpenditure 2,074 2,074 11,560 107N61 3.328 3,061 107,461 3,328 3061 133,600 11,569 ,328 otal 2019 page 20
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS IQUAKERSI IN BRITAIN {A Company Llmlted by Guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2020 Charllable a¢tlvltle$ Governance ¢ost$ Other charltsble ¥ctlvltSes Support costs Total 2020 Total 2019 overnance costs Inote 91 Premlses and staff Meeting a¢tlvltl•s rant5 and dor*ations Major repaSr projects 9,797 9,797 45.000 18,954 117.147 24,386 14,846 44,648 24,287 67,544 16,049 45WO 18.954 117,147 24.386 otal 2019 14,846 107,880 44,648 167,374 Other Charltable octlvltle$ Meetlng actlvltles Grants and donatlon$ Malor repalr projects Total 2020 Total 2019 ommittees, conference5 and tralnlng Outlngs and events Programme, publlclty and outreach Insurance Prison rnlt)Istry Burlal grounds eneral and other ther activities costs Bursarles rant to Britain Yearly Meetlng Yants to other Quaker Bodles ther grants Major paIr project5 1,525 1,325 5,274 964 1,109 6.678 262 7.007 1,458 538 577 1.109 6,678 262 7,007 1.458 538 577 100,918 6.530 9.699 24386 4,064 6,175 650 2,546 1,709 2,905 60,125 5,949 1,470 16,049 100,918 6.530 9,699 24,386 88 otal 2019 24,287 67,544 16,049 107,880 page 21
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS IQUAKERSI IN BRITAIN IA Company Llmlted by Guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2020 taff costs and emoluments 2020 2019 ages and salarles Social security C05ts Other pension costs otal 75.437 I,oiy 4.136 80,590 83,916 1,321 4,481 89,718 ther pension costs relate to amounts payable by the charity into defined contributlon penslon schemes on behalf f certaln employees. Partlcular5 of employees.. he average numberof ¢rnploye*s durlnithe yearwa5 as follows: 2020 2019 Wardens and other support staff Ipart-timel io io No employees recelved ÈMolumÈnts In excess of £60,000 In the year to 31 DecembÈr 202012019.. nonè) overnance costs Unfestyitted fund$ 2020 Restrlctsd funds 2020 Endowment funds 2020 Total fund$ 2020 Total funds 2019 udit fees Independent Examlnerfs fees eneral and office eosts Profe55ional fees 6,090 3,300 1.433 5,064 1.433 5,064 3,768 4,988 otal 2019 14,846 14.846 io. et lempendlturelllncome his Ss stated after charglng.. uditor's remuneration- audlt Independent Examlnerfs fèe5 2020 2019 6,000 Durlng the yèar, no Trustees received any remuneratlon12019- £NILI. Dulln6 the year, no Trustees Ncelved any beneflts in kind12019- £NILI. DurSn8 the year, no frusteès rècèlved any relmbur5ement of expen5es12019- £NILI. page 22
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN IA Company Llmlted by Guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ii. Herlta e Assets Ass•ts recognised at cost Meeting Housès 2020 Total 2020 C4rryinB value at ljanuary 2020 701,409 701,409 Car Ing valu• at 31 December 2020 Analysis of heritage asset transactlons 2020 2019 2018 2017 2016 Addltlons Meetlng House5 30,183 Total addltlons The land and buildlngs of the charity are deemed as heritage assets In accordance wlth Seetlon 18 of the Charlty Statement of Rècommended Practlce. A notSonal nll value has been place on thè land and buildlngs at the date they were transferred to the charity at nll conslderation In 2011. Additlons slnee 2011 are include(f In the Accounts at cost. The land and buildings of the Area Meetin8 are all freehold properties, with the exception of the New Earswick MeetSng House. Thls is a leasehold property hèld on a lease duè to expire in 2136.. no additlons have been made to thls property slnce 2011. The current value of the land and bulldlngs for Insurance PL¢fpose5 is £6.0m. anglble fixed assets Computer equlpment Inc, software Total Cost t l January 2020 dditlons during year t 31 December 2020 8.700 8,70D 8.700 8.700 preclatlon t l January 2020 harge foryear t 31 December 2020 et book volue 2,900 2.900 t 31 Decembèr 2020 t 31 December 2019 5.800 5,80D page 23
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN IA Company Llmlted by Guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 13. Investment Yo ertv Estimated value of property at 31 Decèmber 2019 and 31 December 20 The Investment property conslsts of the freehold property at 20 Falsgrave Croscent, York. The market value of the propèrtv at 31 December 2020 has been estimated by theTru5tee5. 80.000 14. Ixed a658t inveslments Llsted se¢urltles orket value t I january 2020 43.287 ddltlons es5 Costs of management @valuation t 31 Decembèr 2020 753 14761 2.062 Istorkulcost 26,756 nvestments at market value comprls•'. 2020 2019 Isted Investments 45,626 43,287 All the flxèd 3S5ét Investments 8Ye held In the UK The followin8 investments accountad for at least 10% of the total Investments held at 31 D¢e•mbar 2020.. Komes ethical corporate bond- £7,10612019.' £6,596) Kame5 ethlcal Èqulty fund- £8,46812019'. £8,617) - BMO Respgnsible UK Income fund- £7,93812019.. £8,803) Llontrust SF European Growth Ac¢- £7,11612019,. £5,7251 luplter Ecology Fund £6,82812019.. £5.6161 15. Debtors 2020 2019 rade debtor$ repayments and accrued income 6.309 24.498 19,567 17,128 18. redltors: Amounts falllng due wEthln one year 2020 2019 radè Credltors ther taxatlon and soclal securlty ther credltors ccruals and deferrèd Income 1,376 i.oio 34,727 5.320 3,474 2,907 26,416 9,246 page 24
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN {A Company Llrnlted by Guoranteel NOTESTO THE FINANCIAL STATEMENT5 FOR THE YEAR ENOEO 310ECEMBER 2020 17. Statement of fund$- Current year Balance at I January 2020 Restated Balance at 31 December 2020 Transfers Inlout Galnsl {Lossesl Deslgnated funds Income Expendlture ork Area Major Repalrs ork Area120 Falsgravè Crescent) 166.177 166,177 90.465 256 642 90,465 156 642 enernl& Localfvnds ork Area comb Harrogate New Earswlck Friargate hlrsk Investment Rèvaluatlon Reserve 106,508 13.865 88,274 48.852 167,019 21.296 15,091 31,575 42,417 37,945 134,662 13,155 1690371 111,1811 153.2921 132,5621 {151.1781 113,1581 15,620 12.2771 503 13.1121 18,6061 12.128} 67.382 31,982 77,902 51,123 141.897 19,165 16008 462 622 2,062 18,870 408 321 331208 otal Unrestrlcted fund5 719 264 274 331208 All general fund5 are avallable for use by the York Area. Deslgnated funds have been set aside for specSfic purpose5 Such as property malntgnance. ndowmentfvnds Frlargate Endowment Fund 701.409 701.409 701 Frlar8at• Endowment Fund conslsts of the Cost of Improv•m8nt5 to th? Meetln8 Houst slnce 2011. estrtctedfvnds Frlargate (Speclal Glftsl Fund rlargate Meèting House Community Use Fund 1,542 1.542 11.064 11.064 The Frlar8ate (Speclal Glftsl fund Is a holdln8 fund for g1ft5 wlth asslgnod dèstlnatlon5. The Frlargate Meetlng House Communlty use fund represents money glven for thè purpose of Increaslng the communlty use of the Friargate Meeting House. otal of fLtnds 1433 279 274 845 331208 pagè 25
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIEfY OF FRIENDS IQUAKERSI IN BRITAIN {A Company Llmitsd by Guarantee) NOTESTO ThE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 DECEM8ER 2020 si#t¢m¢nt of funds- prloryear alance at I nuary 2019 estated Balance at 31 December 2019 Transfeys Inlout Income Expendlture Galns/llo$sesl Deslgntitedfvnds ork Area (Propartvl 25.000 16,8701 148.047 166,177 ork Area18ur5ary fund) ork Area120 Falsgrave Crescent) comb (Propertvl 3,207 13,2071 90.465 119,7511 90A65 19,751 Harrogate Ipropertyl 59.358 159.3581 New Earswltk IBuSldingl 58,168 158.1681 New Earswlck (Buildlngl ii.000} New Earswick IBursaryl hirsk IElders, Overseers) hlrsk IBulldin81 1.878 304 15fi31 11,8781 13041 115,6311 184 297 70 256 642 GenertJl& Loc¢7lAunds York Area omb Harrogate New Earswlck Friar6ate hirsk Investrnent Revaluatlon- Reserve M18,461 19,777 49.382 24A63 119.362 20,894 107.620 22,580 66,457 52.594 244,403 15.287 133A251 120.7201 147,5161 129.0391 {184,9011 110.6501 175,7481 17,7721 19,951 434 111.8451 14,2351 106,508 13,865 88.274 48.852 167,019 21,296 10,466 16.808 353 205 326 651 462 622 otal Unrestricted funds 537 502 508 941 333 521 ndowmentfvnds FrlarBate Endowment Fund 701.409 701A09 701 701409 page 26
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN IA Company Llmlted by Guarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2020 estrfrtedAunds rlargate Ispecial Glfts) Fund Friargate Meetlng House Community Use Fund 1,542 1,542 11,064 11,064 otal of fund5 ummary of funds- current year B4lan¢e at 31 Deomber 2020 Balance at I January2020 Tfansleis Inlout 6alns/ (Losses) Incom* Expendlture Deslgnated funds eneral funds 256,642 462,622 256,642 408,321 274045 1331,2081 2,062 719,264 274,845 1331,2081 2,062 664,963 Endowment funds 701,409 701,409 Restrlct8d funds 12.606 12,606 ummary of funds- prlor year B•lance ot 31 Dacember 2019 B&lin¢• at I January 2019 Tmnsfers Inloui Galn (Losses) Intorne EMpendltur• Deslgnated funds General funds 184.297 353,205 16,8701 1326.6511 79,215 179.2151 256,642 462.622 508,941 6.342 537,502 508,941 1333.5ZII 6,342 719,264 Endowment funds 701.409 701009 estrlcted funds 12,606 12.606 page 27
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS IQUAKERSI IN BRITAIN IA Company Llmlted by Guayanteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 18. nalysls of net assets between funds Current year Unrestrlcted funds 1020 Restrlcted funds 2020 Endowment funds 2020 Total fund5 2020 HerStage assets anglbSè fixed assets Investment property Flxed asset Investments Current assets Credltors due wlthln one year 701,409 701,409 5.800 80.000 45.626 588,576 142,4331 80,000 45,626 575,970 142,4331 12,606 nalysls of net assets between funds Prlor year Unrestrlcted funds 2019 Restrlcted funds 2019 Endowment funds 2019 Total funds 2019 Heritage assets Flxed asset investments Investment propèrty urmnt assets 701A09 701.409 43,287 80.000 650,626 43,287 80,000 638.020 12,606 redltors duè wlthln one year 142JN31 142,0431 19. Company ststus The company. belng Ilrnlted by guarantee, has no share capltal. Every rnembtr Is Ilablè to tontrlbutt a Sum not eKceedlnB £1 In the evant of the company belng wound up whi15t stlll a member or withln one year thereafter. If the Company is wound up or dlssolved, and there remains any property after all debts and liabllltles have been met, the property must be glven ortransferred to.. al Onè or more Aroa Me•tlngs Iprovlded such Arèa Mèetlngs art e5tsblished with excluslvely charitable objectsl in such proportlons a5 Meetlng for Sufferings of the Rellgious Soclety of Frlends lQuakersl in Britain shall declde. or, falling that. bl To Britaln Yearly Meetlng of the Rellglous Soclety of Frlonds (Quakers) In BrStaln shall decld8; or, faillng that, cl To some other charity wlth objects the same or substantially the same as the ob5ects as Britain Yearly Meetln8 of the Rell8ious Society of Frlends lQuakeisl in Britaln shall dlrect. page 28
YORK AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKÉRS) IN BRITAIN IA Company LIMlted by Guarantee) NOTE5 TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 DECEMBER 2020 econoiliation of net movement In fuTrd5 to net cash flow from i)pÈratlng ctivitles 2020 2019 etlexpendlturelllncome forthe year las per Ststement of flnancial activltiesl 154,3011 181,762 d5ustmentfor: Donation of iovestment propèrty dditions to fixed assets epreciation Gainsl/losses on investment5 Dividend5, interest and rents from Invgstm¢nts Inetl Decrease In debtors n¢reasellDecrea581 In Creditors 180,0001 18.7001 Z,900 12.0621 13,1311 5,888 390 16,3421 12,2151 23,488 et cash Iu5ed Inllprovlded bv operatlnE actlvltles nalys5s of cash and cash equlvalents 2020 2019 ash In hand 557 769 613 931 otal Related party transactlons Thèr8 werè no related party transactlons durlng the period. 23. Prlor year adjustment The freohold and leasehold property of the charlty was previously included under tanglblè flxed a$5ets at Insured value. Followlng a review of tha assèts It was deemed that the property conslsts of 'herltage assets,. Accordingly, a notional nll value has been placed on them at the date that thèy were transferred to tho charitv at nll conslderatlon In 2011. The impact on thè flgures forthe prSor years is to decreasè the charitV'5 funds as at 31 Decembèr 2018 bv £5,083,134 to £1,251,517 and to decrease the charlS funds at 31 December 2019 by £5.083,134 to £1,433,279. page 29