Charxty resistration number 1134208 SOUTHERN EAST ANGLIA QUAKER MEETING ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 STREETS WHITTLES CHARTERED ACCOUNTANTS
SOUTHERN EAST ANCLIA QUAKER MEETING LEGAL AND ADMINISTRATIVE INFORMATION TTUStees Martin Rayner Robert Parke5 Jenny Kav Sylvia leffcuck Elizabeth Prockter Chirity nun?ber 1134208 Frinctpal address QuakL'r ML'LtLJ)¥ House 6 ClitsrLli Street Colchester Essex COI INF WL.bsile 4ddress essexsullolkquAkers.org Independenl examiner Mlcha*l Greene BSC l.'CCA c/0 StrL'Lts Whittle & ParliiLrs LLP llie Old E¥changi' 64 West Siockw¥ll StrL'Lt Colchest¢r C()1 IIqL
SOUTHERN EAST ANGLIA QUAKER MEETING CONTENTS Pase Trust, report Statement of Trustees, respon5ib21ities Independent examiner's report Statement of financial activitie5 Balance Sheet Notes to tiie financial statements 8-20
SOUTHERN EAST ANGLIA QUAKER MEETING
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBEII 2023
The TTUStee5 present their annual report and financial statenients for the year ended 31 December 21)23.
Tlii fii)aiicidl statemeiits have been prepared Èli a¢cordL1nce with the accounting policie5 set out iii Jiole I to tl)i'
liiiaiicial slateinLiits and coiiipl! Wi7 thLS charity's STDVLriiiiib ducun)Lbnt, the Charities Act 2011 aiiLI lccoiiiitiii
anLI Ilcportiiig by Charities.. Statenient ul RLYoiiiJMended Practice applicable to charities preparing tlieir ati()ui)l4 111
acc()rdLiiice witli the Finajicial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1Q21 leffLrtive
I lai)uari, ?0191"
Objectives and activRtie5
I'lie olijL'clii'L' of 5vutliL'rn East An¥lia Quaker NIeetinbT TL'iiiains thL furtheTance of tlie geiierhl reltgioijs p)Iiri)DqL'4 111
I-IIL. I
SOUTHERN EAST ANGLIA QUAKER MEETING TRUSTEES, REPORT (CONTINUED) FOII THE YEAR ENDED 31 DECEMBER 2023 l-he Ar Mocting gave some Financial support tts C£lU&L?% iii keeping with its charitable OL1115', a fund coiitiniies 1<1 l?t' Il'll il¢ilile tts support refugees across Ftssex, Diii'ins tIiL year Colche8ter Meet211g House wa5 manased by two einployee8. a manageT and a caretaker. E%5entièl w<)rk. tu Yeiiovate Colchester Imeeting Hoube continued. IIIL. cfdLK iii tlie Sll, COTner uf Earls Colne Nleeting FIc)il.¥CJ Él ¥raLte 11 Itsted bLiildin8 continue9 tu be llioiiiti)I'È'cl. LLivlroJinienlal uslalnabllrl /.i)iiiii i'i)i)titiuLbd to bL' 11.%L'(I fi)r business nieetin&Ts ¢lt TrLI.Stee. AM and LNI levels, reduclng ear use for I?EirtICll)(11115. BDIII l.ayL'r ISrLbtoJi and R()nian l£oad Buri¢il Ground% cire Ill¢iiiil£liiiecl widiout Ili¢ use i)f pe5ti¢ides aiid bL'I,IIii'i'% ¢ire kc'pl in Ili)Inclil R(iad. Sudbury gardeii aiid biirial grounLI is I11711)tlIn0d to maximi5e wild flowers and Iriiit IiEL'% III Liirl% CulJ)L. burial grouiid are i?art of IhL LOI)IIIIUIIith' i)rLI)ii ril. Acliivvenienls and ptrformanc¢ I IIL. l(Irtl)L'T Quaker mLting house at Cosgeshall valuL.d dt £225,0(K) is leased to Essex County Council as <7 li)cal li(. IL'I 1111 El IL?Il¢illci' ¢Ih7fL'InL'1)t Ilirougli dn ii¥eJ)t as dues tIiLi Ildl ¢11 ColchL5ter Meeting House. ¢iiiItIllUL'5 tl) L'xercise control ()ver budgL¥tin¥. reviewLYl regulcirl}'. 'IIILI lI.(.111) 111'5erve¥ Iii IIiiL Ivltli the existing resLrve.4 policy agrLed in 2014, Iroiii unre51ricted fund5 trustees have agaii) LIL'5jhJl11l.d LilPltal/Lc?118-l eriii DevLlopJMeLiI fuiiil 51),1 IX.signatLlIl FuJid5'. Ki'nLlall & Freshfiold Flid 54,635 I£L.IIixL'¢ 5UPP()rt Ll£lL-tnii Frieiids in Need 1,656 Total 163.191
SOUTHERN EAST ANGLIA QUAKER MEETING
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
111 2023 uur total income frotn all sources was £l(KJ,474. Il'e biient £120,725, a differenee of £20,251. The expenLliturL'
incluLILLI the suni of £4,6 in donations inade in keepijig witli charitable aims. 'the difference was funded out til
re5cfvLS 111 line with tlie yolicy to use fuJ)ds to ma21itaiii the propertie5 and surplus funds to support the conttrJ)s of
the AM.
At tlie end of 20 realisable assets Stand at £1,755,536. This figure is made up of ll,386,000 relating to builclitlbvs
ownecl bi, the Cliarity,, investhients of £423,854 held bi, the Charity and an unrestricted cash deficit £ifter debtor.4
.Ind crc'ilitors ol (£45,117). The Trustees believe the Charih, will be well placed to meet all its I17b111tlQ.5 in ?024.
Includii)g existiiig comniitniÈiits to identsfied conterJ)s.
AS stated above. as assets fall, the Meeting 15 seekilig greater control over its expenditure. the nieanhme tlic
'rrustees are Satisfied that our assets are sufficient to ¢nver iill ci)ntingtncie$.
Risks
'I'I'ustL'e% IiLlI'e Siisieni£iticalli' assessed tlie ri5k5 as 5ugKL51ed in current Cliarity Commission guidelLJ)¢5 and tli
SOUTHERN EAST ANGLIA QUAKER MEETING STATEMENT OF TRUSTEES, RESPONSIBILJTIES FOR THE YEAR ENDED 31 DECEMBER 2023 The I'rus¢ee5 Are respo1Ible for preparing the Trustte.s' Report cind the accounts in accordance with 7)1)12cllbIe law and Uiiited Kin8dorn Aecouiiting Standards (Unitod Kiii&Tdoiii Generally Accepted Aceoujiting Proct2cel. l-he laii, ai?I7licable to charities in England and Wales requires tlie Trustees to prepare o¢counts for ('ach li1141tlLliil I'L'ar wliicli give a true and fair view ul die state of Alfaii'5 nf the charth, dnd of thc incc?Jnins resuurcei (IllLI applicatiuii of resources of the charity for that year. Iii preparing these accouiits, the Trustees are requlrtd t()., 5ele¢i suitable ciccouiiting policies aiid tlieii applv them coiisisteiitly,. obsei'vL the method$ ajid priJ)ciple$ in the Cliar2tios SORP,. iake judgeii)ents and estimates that are reasojiable and prudeiit,, tate wliether ¢ipplicable accTruntiiig stajidards hiive beL'I) follo,ed, subject to ciny matoiial departure.% di%Lln.¥¢'LI prL'pare tIiL' ciccounts oli the goiiig concorn basis uiilL'&s it i.s inappropriatL' to presuille that the chcirity will £onliiiuL' ill aPLratioi). rii(.'I'i'u.sleis lire re5poii%ible for keepijig suflicieiit aLc(iuiiting recaril.$ that disclose with reasonable aiiiir¢l1-I' Ilt illll, ?111 I, IliLI Clicll'ili, IAccc)unt.S ¢lllLI Ileport51 RL'&pulatiany 201} 71 iiil IliL' provislnns of thL tru.$t dL'Ld. 'I'lii'i' I'l¥)1)1111?lL, l(Ir S¢)fe8uardiJiy> tlii, asse. of Uie charih,
SOUTHERN EAST ANGLIA QUAKER MEETING INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTHERN EAST ANGLIA QUAKER MEETING I report to tlie Trust*s on my examination of the financial Statements of &)uthern East Anglia QuakLTrr Nqeeting lthe charits,) for the year ended.31 December 90. ResponsibrlitlES and basis of report A5 th¢ I'rnsttt's of the charity you are responsible For the preparatÈon of the financial statements in accordai)CL? Wlth the WUiTLn)&nb of the Charitie5 Act 2011 lthe 2011 Act). I r¢port iii respect of ii)v examination of the chariti s finaiicicil statements CaLed out under section 145 of th¢ 2011 Ait. In caTrying out iiiv examination I have followed all the applicable Directitsns given by tht Charih, CDIiiiiiissioii undeT 5eittvii 14515llbl of the 2011 Act. Independent exaininer's statement I liave CL)Inpleted Jny examination. I confirm that no matters have come to my attention in connectii)n with tjie exaniination giving me cause to believe tliat in any iiiatL?rial rospect.. aci()uiitiiig records werL not kept in respect vf the charity a5 required by section 130 of the 2011 AtL or IhL fiiiai)cial statei)ieJits do iiot accord with those recori15.' or the fiiiancial statenients do iiot complv witli tlie applicable requirements conceming the forni and content of accoujits set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiJEmeiit Il)at the dCC()Ullts' ¥ive a true anLI fair view which is not a Inatier co1ldLred as part of an independent examinatiun. I liai'e iio coiilpriis aiid l)ave eonie across lio Oler Jmallers iii i()iiiiectioii witli the exainination to whiih cltlLllti()ti slioulil lie Llrawi) iii thi5 report ij) ordLlr to ibnable a proper unJerstallLling of the finajicial Statements tts be rLJacl)I'd. ael Cieene BSC FCCA c/0 Streets Ivhittle & Partner5 LLP The ()Id Excliai)ge fA West Stockwell Street ColchL?.sler COI 114E Dated.. 21 August 2U24
SOUTHERN EAST ANGLIA QUAKER MEETING STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Ilestricted funds funds 2023 2023 Total Unre5trtrted Restricted funds funds 2022 2022 Total 2011 Notes 2022 Income from.. CoJ)tributioiis, doiiatiDns and legacie5 reteivLd PToperh' income Ii)ve5tnient income 21,144 69,857 21,144 69,857 24.457 52,867 7,777 24,457 52,8C?7 7.777 TotAI intome 100,474 l(XJ,474 85.101 85,101 endilmre on.. IIiiiL5tmenl managemL'nt 3,912 3,912 4,788 4,7118 Cl)arilable activities Llui'saries Donothons and 3,843 9,778 5,090 7,699 4,fAK) I'rupert). rujining costs C)ther propertv costs Culiflre1)Cs 16.748 16,74B 90,361 7,751 4.322 94,683 7,751 101,089 9.206 101,oby 'I'olal rharitable expenditure 106,555 10,257 116,812 132,588 137,678 TotaI expenditUTe 110,467 10,257 120,724 137,376 14? 466 011 iJIVLltiiien io 24,348 24,348 In,wJi 171.99?1 Nel n)ovement in funds 14,355 110,257) 4,U98 1124,268) 15,0901 112L),.35111 Fuiid balanies at l January ?023 1.745,504 I[,727 1,855.231 1,869.772 114.817 1,984.589 Fuiid balances at 31 DeceIiiber 2023 1,759,859 99,470 1.859,329 1.745,5U4 109,727 1.855,1?1 The stdleingiit of financial 3ctivities iiicludes all gains aiid It)S5es rLroKnised in the year. All in¢ome and expL'IILliture
SOUTHERN EAST ANGLIA QUAKER MEETING BALANCE SHEET AS A T 31 DECEMBER 2023 2023 2022 Notes Fixed a85ets TIL Jigible assets Inve5tiiient property 12 13 1,161,(XM) 225,000 1,1(?l.IKM) 225,OUII Current asset5 Dé.btor5 Iiivestments Cash at baiik and in hand lJ86,000 1,186.000 14 15 1,263 413,855 54,354 1.374 434,132 39,944 Creditors- amount$ falling due within one year 479,472 475.550 16 16,1431 {6.3191 Nel current asgets 473,329 4h9,ty21 Total asset5 le8$ current liabilitie5 1,859,329 Net a$sels excludrng pension liability 1,859,329 1,855.?31 The funds vf the charlry Re5tri¢ied income luJ)ds LnrLStTiCted fund5 17 99,470 1,759,859 109.7?7 1,745.5Q4 1,859329 1,855,231 Tlie finincial statements were approved by the Trustees on 21 August 2024 leiin! Kay Trustee 8a PnoaLrf Elizhbetli Prockter Trustee
SOUTHERN EAST ANGLIA QUAKER MEETING
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Ac¢ountxng polities
Charity informatRon
Soutlierji East Anglia Quaker Meetiiis is a charity rLgistered with the Charity Conimission under re8lStratioii
nuniber 1184208, aiid 15 governed in accordance with nornial Quaker practite, as laid down In Cliapter 4 uf
Quaker Faitli and Praclice, ai)d the governing docunieiil adopted on 9 September 2007 b!, Minutt, 2007174.
1.1 Accounting convention
The financial statements have been prepared in 4ccoJ'dancL Wjth the charity'5 governing docunient. tlie
Charitl¢s Act 2011 and "Accounting and I
SOUTHERN EAST ANGLIA QUAKER MEETING NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accouiitins policies (Continued) 1.5 Expenditure E¥peiiililurL is recognised once ther is a lebTral or constructive obligation to traJ)sfer economic benèfrit to a third party. it Is probable that a transfer ol econoniic bLlJiefits will be requirecl in setdement, aiiil tlii. i)IllOUI)t of IhL obligatiDJi can be nieasured Tellablv. Expenditure is classified by activitv. Tlie ¢05ts vf eacli <iCtivity are made up of the total of dirict CC)5ts aliLI shared eosts, inclLJding )upport e05ts iiivolvtd iii iindertaking each activity. Dtrect Costs attributcible to (I sinbTle activity are allotated directly to that activih,. SliarLd costs which contribute to more than actii'iti, tsjicl support Costs which are not attributablL, lo a single clctivit! are apportioned betweeji those activities oli basi5 con515tent witii tile use of re50urce5. Central stall costs re allocated on the basis of tiiiie %peiit, aiid depreciation charges are allocated on the portion of the a55et's use. ThLse are recogni5ed in the period in which they are iiicurrd. Resources expended include VAT h.liirh caiiiiot be recovered. Management and adniiJ1i5tration coiiiprise5 costs for the day to dai. ruiiiiii)bT i)1 the Cl)Lirih' ilsell a5 an urganisahoii. 1.6 Tl]iSible fixed a88ets I'¢ll)%iblL fixed assets are initially measured at cost and subsequently measured at Cost or valuation, net of depreciation dnd ani, impatrment losses. Pr()pertI¢s are incltsded in the balance slieet at an iii ll5e valuation, on which no depreciation i5 cliai"bTtIl. L1É nd and l)uildings No clei)rL'ciahon provided Tlie gail) or Ios5 arisitig on the disposal of an asset Is detLrn)ined as the differente between the salL proietc15 and arrying value of the a5seL and is recogiiised in thL' statement tsf financial activities. 1.7 Investment propertie5 IJivL'StJiieJit propL'rtv. whtch ts propert! lield to earn renta15 and/or for capital appretiotion, is Iliitiallv re¢ogni5ed at cost, whtch ineludes the purcliase cost aiid any directl! attrtbutable expenditure. Subse4ueiitl%' it is imeasured at lair value at the reporting end d<e. 1.8 Impairment of fixed a5set$ Ilt ehch TLporknng end date, the cliarity reviews the carrying amounts of tts tangible assets t(? detirininL .hetliLJr thLre is ajiy indication that those absets h¢ive sul-fered ai) iinpairment loss. If any sucl) iJidicLlti()n LXiSts. tlie recoverable amount of tho assL't is estimatL.d in ()rder to deterinine tlie extLI loss lif anv}. ot of the iJiipairiiiL4nt 1.9 Financial instrunient5 Ila%ii ljiiaiicial ii)strum¢nts are initiall), reioxniseLI at tTansaLtion value atid subse4uentli' iiiea.surLIl Llt aiiil InvLStii)ents. A SPLrilic provision is niadL. l(Ir dL.l)ts For ivliiili recoverability 15 in dnubt. Casli at li(iJik aiid iii hand is definÈd as all cash lield iii instaiit aCCL'SS b¢iiik accounts and used K15 working capital. Fiiiaiiiial liabilitit's 1)eld at aiiiortised cost coniprise all creditors except si)cial security and other ta%es, deELrrLd iiiconie ai)d provision5.
SOUTHERN EAST ANGLIA QUAKER MEETING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Critical acrounting estimates and judgements In the application OF tl)e charity'5 accounting policies, the trustees are r4uired to make judgements, ¢'stimates and assuiiiptioJ)s about the earrying amount of assets and liabilitie5 tliat are not readily apparent froin other suurce5. The E'5tiinates and associated a5sumptivns are based on historical experience and other E£lCtor5 tlial a. consid¢red to be relevant. Actual results niay differ from these estimate5. The e5tiiiicltes aiid ujiderlyinu assumptiot15 are reviewed on an ongoing basis. Revisions to accouiitiii¥ estiniate5 are recognised in t]ie peric>d in which d)e ostimate is revtsed where the revision affet15 01111. tl)at perit)d, or in the period of revision ajid futuie poJ'lilLIs where the revision affects botii curreiit aiid futui"i' periods. Income froin donations and legacie$ Unrestrirled funds 2023 Unre8¢Ttcted funds 2022 DoJiatiL)ns cind gifts Legaiies recL'ivable Contributions 112 1,000 20,032 157 24,300 21,144 Property income Unrestricled Unrestricted funds fuiids seneral gencral 2023 2022 Rent Mnd Hiring Receivable 69,857 52,867 In¢ome from Rnvestments Unreslrirted Unrestricted funds fund5 2023 2022 Incoine from listed inve5tJnents Interest Teceivable 7,860 6,5()4 io-
SOUTHERN EAST ANGLIA QUAKER MEETING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charithble activities Btsrsaries Donattons and contributions Property Other running property Costs costs TotaI Total 2023 2023 202Y 2013 2011 2022 Unrestricted expenditure Restricted expenditure Othor expenditure IuFiTestricted} 395 90,840 3,908 5.935 95,14.3 5.935 115,510 5,090 362 362 s,5 757 .840 3,908 101,440 124,6411 ShaTe of governaiice costs (see noté 7) 3.843 3,843 3,843 3,843 9,778 4.6110 94,683 7,751 116,812 l.a7.678 Analysis by Eund Ui)rL?stricted fund5- general RestrictL.d funds 3.843 5.935 4,600 90,361 4,322 7,751 106,555 10,257 112.5811 5,0gU 9,778 4,60U 94,683 7,751 116,812 117,678 Costs are allocated to charitsble activities on the basis of the expenditure actuall}, incurred by the aLtii'ih, OVL'riiance costs have been apportioiiecl equallv betiveeji charitable activitirs. Governance costs paiii froin restriited fujids attributable to a charitable activity are allocated oli an actual ba515.
SOUTHERN EAST ANGLIA QUAKER MEETING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charitable activities (Continued) For the year ended 31 December 2022 Bursari¢$ Donations and contributtons Property runnin8 ost$ Other Conference5 property Costs Total 2022 Unrestricted expenditure RL'Strieted expenditure ()ther expenditUTe lunresErictedl 10,100 98,481 6,598 5,0 330 115,511) 5.090 4,NO 4,040 5,091 14,140 98,48] 6.598 124,640 SliarL' of gtsvemante costs (see nate 4 2,608 2,608 1606 1.3,0.38 7,699 16,748 101,089 9,206 2,936 137,678 Analysts by fund Unrestricted funds- gL'JII'Tal Rvslrictecl funds 16,748 lo1,(9 9,206 5,090 2,936 132,588 7,699 16,748 101,089 9,206 1936 137.678 Cost5 are allocated to Charitable activities on the basi.5 of the expenditure actuall}. incurred by the activih. Goi'L¥riiance t05ts have been apportioned equally bet¥%'een cli1r1b]e acttvities. Governance costs paid Iram restTjCted funds attributable to a charitable activity, arL' allocated on an actual basi5. Support ¢ost5 atlocated to actfftvities 2023 2U22 GovL'rn41nce e05ts 15,372 Analysed between.. Bursaries Doi)ations and contributions Propertv runnin&v c{)sts ()thLTrr propertv costs Coiiferences 3,843 3,843 3,843 .3,84.3 2,6118 16U8 2.(rf16 15372
SOUTHERN EAST ANGLIA QUAKER MEETINC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support tOSt5 allocated to attivitfftes Icontinuedl tEgal aiid prolessional fee5 includes a cliarge rLlating to die independent examination of the ac¢ouiits' ol £4,OfU12022.. LI.3601. Trustees NoiiL' of the Trustees lor any persons coiinected with them} received any remuneration durtn¥ the l'ear. Trustees are reimbursed for travel costs incurred and claimed when attending meekn'ngs of th¥ cl)ariN,. The total LXPL'nses reinibursed in the year M'as £5?1?U22.. L421 Employees The average mi)nthly number of ernplovees during the vear was.. 2023 Ntsmber 2022 N'umber IVar(lens Caretaker Total There w¥re no employe*5 whose annual remuneration wa5 n)OTe than £60.(KM). 10 Gain5 and losses on Anvestments Unrestricted Uiir¢'slrictL.d funds funds 2023 2022 Gai115/llosse51 ari5ziig on.. Rei'aluation of investn)eiits 24,348 171,9911 Taxation The cl)arity 15 exempt from taxation on its activities because all its income is applied for charitable purposes. 13-
SOUTHERN EAST ANGLIA QUAKER MEETING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBEII 2023 12 Tansible fixed as$ets L4nd and building5 Cost or valuatron At l January 2011 1,161,00() At.31 Dfftmber 2023 I,ifii,001) Carryins amount At.71 Deceniber 2013 At31 December 2022 1,IAI.UOO There are four properties in current use as places of ivor5hip and diey are located in Colchester. Clacton-on- Sea, Sudbury and Ear15 Colne. The propertie5 In Colclie5ter ai)d Earls ColDe, along witli the tw'o buridl ground5, Ivere revalued rn 2011, the property, in Clacton-oti-sea was revalued in 2012 and Il)e prL)perM' in £udburi' in 2013. The revaluation5 were tarried out on ali in use basis b), a firm of independent Chartered Survei'ors, FeJ)ii Wright. The Trustee5 do not believe that the fair value of tlie IixL'(l assets l)a5 niaterially ch3nged Ln thL tL'rnis c)f tlii, net a55ets" of the ihaTih' and so do not prDPOSL to instruct furthLr valuations. At 31 December 2013, had the revalued a55ets been carriod ht historic cost les5 accumulated depreciatioj) hnd accumuldted inipairiiient105se5, their carrving ainDunt would liave been £nil12022.. £nill. 13 Jnve51ment propeTty 2023 Fair value ,It l January 2013 and 31 December 20 ?25,UOO InvLaslnient property, ropresents the fornitrr Ci)xgeshcill fvleeting House whith is leased to Essex Countt. Council as a braiich libran,. ThL fair value of the Inve5tn)L'llt property has been arrivLd at on the basi.4 OF a valuatioji carried OLJt In Nqarth 2019 for accountanc!. purpose5 b}, an independent prcife5sionall)' qualified i'aluLr. "Flie valuation was made on the basis of capital and rentsl values of the property. The tTU5teL'5 110 1)i)t bL.IiL%'L' that the (air valtsi. of the invesbnent prapL¥rt! has niaterially changed in th¢ ternts of the net a55LSt5 111 the charity and so do not propose to instruct further valuation5. 14-
SOUTHERN EAST ANGLIA QUAKER MEETING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 14 Debtor$ Amount5 falling due wsthin one year.. 2023 2022 Prepa!meTrts and accrued income 1.263 1.374 IS Current asset inve5tment8 2023 2022 Listed investnients 423,855 4.34,?32 Current dsset investments are composed of listed stotk5 and 5hare5 which are stated at m£irket i'alue lagethLr 'ith Cdsh lield for trading ptsrpose5. The l)i5tnric cost of Ilie stocks and shares eIetnent held 3t tl)e J'edT end 15 50,79812022.. £343,734). 16 Cr¢dÈtor5'. ajnounts falling due wiihin one year 2023 2022 ()tlier tsxatiuii and social security Accrua15 and deferred ineome 446 5,697 5.996 6.143 17 Restricted funds T]iv restricted fuiids of the charity conipri5e the follom'ing unexpvnded balances of donations and kTrant5 held 01) trust for specific purpose5'. At l January 2023 Resource8 expended Al.11 Decetnber 2023 Jcihii Savage legacv lack Field5 Trust legacy Toiii, Wheeler legacv Isiirial brround OthLJr Sudbury Legacte5 40,083 6,257 54.750 7,537 I,i(x) (4,3221 15,9351 -35,761 -3?? 54.i5D 1,1 109,727 110,2571 99.47n 15-
SOUTHERN EAST ANGLIA QUAKER MEETING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 17 Restrrcted funds Iconlinuedl Previou5 year: At J January 2022 Resources expended At31 Deceniber 2022 Johii Sai'agL legacy 147ck Field5 Trust legacy T()nv Wheeler legacy Burial ground Other Sudbury Legacies 40.083 11,347 51,750 4U.011.? 6,257 54,75a (5,0901 I,l(K) I,ioo 114,817 15.0901 I1,797 Tl)e lohn Savage legacy and tl)e Tony Wheeler leuac}' are restricted for by the Sudbury LM. Tlie lack bields Trust legary was left to CalLlie5tL41' Lill for the educational purposes of iiiL'nibers and ,Ittendee5, but has since been authorised for tliL benefit i?f tl)L Area Nleetin¥. The Burial Ground fund arose froni the sale of one of die AM burial gTounds and is restrictecf for Use on maintenance of the remaining ground5. 16.
SOUTHERN EAST ANGLIA QUAKER MEETING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 18 Unregtricted funds The uiirestricted funds of thL char2ty' coniprisLS tIIL) UllL'xpeiided balances ()[ ctuiiatioj ajid graiits M'IIiLli are iivt %ubject to specific conditiojis by donor5 and gr¢)IItOTS as to how they may be used. These incliide desigiiated funds which have been set aside out of uiirestricted fund5 by the trustees for specific purposes. At l January 2023 JncomRns re8ource5 Resources expended Transfer8 Gaitt5 and losse5 A131 Deceinbcr 2023 Tlie Kendall & Freshfield Desixnated Funcl Getieral operating Losts Capilal/Long 'fi'rin Dei'eli)pment Fund Ci)iilingent 54,635 50,000 50,OOU 50,(KM) 50,UW BuilLIIii¥5 tV5ts RL.fu¥ee support Rei'&luation resi'rve Clailvii Friend 13,718 113,7181 5,0110 13521 1,656 1,519,032 1,519,fl3? GeiierAI futlds 51.111 1.900 I1,K)} l(K>,474 1,900 77,&B6 196.397) 24,348 J,745.5( 100,474 {110,467) 24,348 1.759,859 17.
SOUTHERN EAST ANCLIA QUAKER MEETING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 18 Unrestlicled fund5 Icontinued Previou5 year. Al l January 2022 Incoming resources RL50urces expended Tran$fers Cain5 and 10s5es A131 Decenib¢r 2022 The KeiiLlall & J4TV5hfielLI Desigiiated l-.ujid Rei'alaution resL'Tve General operatin8 costs Capital/Long $1.6.a5 1.519,032 1,519,(132 50,0 50,000 Dei,¥lopn)ent 50.000 Coiitingent 50,OOU Building5 Costs Refiige 5UPPL)rl Coiilj'ibution to 52,011 1,053 139.3461 13.n8 3.048 14.0401 l(Nl8 YNI GL'neral funds 10,uoo 71,048 110,CKK>I (83,9901 136.046 1,869,772 85,101 {137,376) 17],993} 1,745,5(M 18-
SOUTHERN EAST ANGLIA QUAKER MEETING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 18 Unrestsicled Eunds (Continued) Ihe Keiidall and Fre.5hfield Designated Fuiid is for cduc¢ltir)n31 purposes in aJiti¢ipation of the di.S¢1I1l)L',- of theJaek Fields Restricted Fund. It L5 die polity of the rneetiiig to set aside general 0ratIng costs amounting to 6 rnonths wurtli of expLJiLtiture to allow continuation of the Meetins in the event of uiiforeseen circumstances. 'I'lie Qapital/Loiig Terln Development Fund is intended to fnrni the starting point for any Unfoeen capital expeiiditure that SEAQM nia!, iiicur. either in terJn.4 of risk Inanagement or establishing new Jmeetiiigs ii) respL)llse to cliajising Llcjnogriiphics of the Ioccil Quaker population. Tlie cojitiiigent employment liabilities fund is iiitended to meet any fure potential costs cirising froJ)I Emplol'ee redundanc). or Subcontractor teTllljll£ltion Pfl!'i)ieiits that may be ne¢essari'. I'he buildings costs fui)d is intended to nieet the costs of m£iintaiiiing/repairiiig the btsildings oi&'neil bi. the ILetiJ)g lo eJure good stewardship of its buildiiigs. Tlie Refugee support fund provides aid to SyTiaJi relugeL5 as need arises. As iiienibers <)f Britain Yearlv Meeting IIJYNII, ,7 coiiti'iblltiotl 15 made to their running costs aiid tc) theiT cliarithble work. ClactL)n FrtenLI in Need is the balance of a donahoii receivell in the previous year. 19 Analysis OE net assets between fund5 Unrestri¢ted funds Restricted funds 2023 Total 2023 At 31 Deceinber 2023.. 'langJblc 75sets Inve5tmeiit prni)trTties CurrL4iit assets/{liabilitiesl 1,161,000 1,161,000 373,859 99,470 1.759,859 99,470 1,859,379 Uniestricfed funds 2022 Reslritted funds 2022 Total 2022 Al 31 December 2022: I'angiblL assets Investiiient prvpertles Curit'iit assets/lltabilitie5} 1,161.000 225,IKA) 359.504 1,161.000 225.000 4(?4.231 109,727 1,745,504 109,727 19.
SOUTHERN EAST ANGLIA QUAKER MEETING NOTES TO THE FINANCIAL STA TEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 20 Revaluation reserve liicltsded iji the uiirestsict¢d fulids figure Is aii djnount of £1,519,032 (2022.. £1,519,032) reprL'SLlltlll¥ tli revaluation reservLY. Tl)is is conip05ed of tlie gains on revaluatton of ii)vesbMents and property .heii the treatmint of these chaiiged iii line witli Llll upclate Its the Charities SORP. 21 Operating lease coinmitments Lessor ol the charity'5 propertie5 is held for rcntal piirp()5es l.4ee J)ole 131. RL?]ital income is due uiiilL'r IhL' ILa5e of LIU.750 per year aiiLI the teiiant is coiiii)iilleLI f()r les5 Ihaii 01)e vear. All operating lease ¢oi)tl-Liit5 i()l)taii) )arkilt revieKp Llausos in the eveiit diat the ILsseL exercist'5 IL% option to renem,. The lessoe dot's iioi hai'e ali optiiiii t(J purchase the property at the expiry? otr thL' lease PL'TjUd. Ai the reporting end date the Charity had contracted with tenants for the following minimum lease PayMlt5". 2023 2022 Within onc year Between two and five year5 8,063 10,75U 22 Related party transactions 'tliere were no disc105able related partyp transactioiis Ilkiriiib tlie year12022- noiiel. The charity has iio disclosure to make regardiiig related parts. transactions.