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! Wi￿7 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. Soulliern Last Ai)glia Q)uaki'r .Ilc'i'titis', .iiicI L?L'l'(Ind, as set out iii the soverning dc)cuniLiit. TlILJ.4e p)IlTIII)SL5 iiicluile thL riglit linlding of public NILYtlllb75 liir IVc)rsliip aiid ol leL'tlJlg75 for Church AffaiTS 111 th¢ ci)i)StilLietit L()Ccil Meetings. MLmbers1iip for tlie yc'¢lJ' IV Iliii.¥t' In tl)e AM and beyond who are unable to attend ii) persun. Mont]ily blended meL'tings fcir ￿￿.[?1.5111￿1 ci)JItIllUL'Lt ot ColchestEr. 11 i)f IhL'%i. Meetings were ()pen to tlie public 311d pr()i'iilLbd opportunities for worship and spiritU¢il grc>wili. All .Ilt'eiiiigs hLive cnntsnued ti) experience increa.sc iii lie￿. enquirers and attenders with appliccltiujis for I'ho -I'i-uslee% liave (Iliseri,ed guidance issued by thL CIIEiril}' Coiiiii)i55Lon on tlie nature vf activitie.s tliL' clTrai'il)' %lii)LIILI ui)dLI'tAkL.. To support tlie gi)1'ernan￿ of tlie ArLA N.IL'eting IAN41 and its constituent L(Ic31 NIL'Lltiiib?s Q)Uiik'i'r .Ileetin85 for Cl)urrli Affairs K'ei'L* held iii i)L41'51)J) and i'la Zooni. Tl)is included coniiiiittL'('5 Il'ltII I-I'SPl)11s11)ility. for pastorcil care,. eldcrsliip,. K'arden5I1ip.' prei)ii5es. 'FrusteL•S continued to iiieet cind IllÉikL Llt'cisiiin% i'la iTrnliiie iiiedia. TIIL goveTniiig docunient M'ils aii)L'Jicled liv ANq to allow this practice to contiiiue. SE.,IQII leeliii%s lor Church Affairs took place in each of the MeLtiJig bl()uses. %v&.kencl ro51dential gathering took place at High Lei81) in Hertford5hire. It followtsd sessii)Ns lecl bi, 'W()()Ilbrni)k'v 11 herL. You Are. iL central Quaker bc>L4y. St)mc ii)eLtIDg5 and events, open to tl)e AM M'eie i)rgTaiii%vd bi, ,4NI Gr()up to dLiveltrp spirituality and fellowsl)ip. I'1)¢, Ilrecl ￿leetIng has proi'ided financial suppr)rt ti) ciialilc Lii)tli its iiii'mbcrs and 41ttL&iider5 to attend troijiing cnui'ses Hiicl ic)nference5. I'lie niDnthly INew'sletter, SL)nt bv email or p05t report5 on the life of the AM and the websites di58LlI)Inati' infortiialioii to the wider world. The polir! ol the AM continues tts be thaL when ix)ssible. roi)In5 at £ill Mecting Hnu.%es are made avÉiilLilile f()r liiri. This p?rui'icfLS a seri'ice lo tlie cuiiiinunity aiid coiitributes to toiiin)unili' ci)liii%i{)11. ..I14uLllTriJr!', £ili agL'lIt i))aiiagLS the liiriiigs £ind general iiiaiiileil¢ince iii return for a fee. lj)tLrfaith 5upip(Jrl continues to be oElered bi. Sudburv where tlie MLEling Hause i5 liirL'LI l)!, h ki luslijn group and iii Clclctuji bi, BuLI(Iliist5 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 I11￿711)t￿lIn0d 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 mL*ting 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'5jh*Jl￿11l.d LilPltal/Lc?118-l eriii DevLlopJMeLiI fuiiil 51),1 IX.signatLlIl FuJid5'. Ki'nLlall & Freshfiold F￿lid 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 I1￿7b111tlQ.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 tlif LOCLII K.Ii'L'ting5 ILMS) at Clactoj), Colcliester, Ear15 Colrte, Hai'ivicl) aiid Sudbury. TrustL'CS are apptsinted bv the Area MeÈting IAMI. H'e 4iini provide all trustee3 wid) ¥uidance 011 their dutlL'.4 ion aiipuiiitjmeiit, and tliey are encouraged to attend Iiainiiig li'2di Woodbrooke Quaker study CeiiEre. Tho ti'u£teL'S Serving in tlie >'ear were.. l 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 Ca￿Led 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 co1￿ldLred as part of an independent examinatiun. I liai'e iio coiilpriis aiid l)ave eonie across lio O￿ler 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 Culifl￿re1)C￿s 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 Iir accouiits iii a¢c()rdance with the Financial Reportiiix fi￿1￿da1.ll applicable in tlie UK and Republic of Ireland IFRS 1021 leflective l January 20191 The charitv a l?ubli BL'Jiefit EJ)titv as defineLI bv FI￿ 102. IhL Charl￿ has taken advantage of the provi5ion5 in the SORP for Charities applying FRS 102 UpdatL? Bullétin I iiot to Prepare a Statement of Cash Flows. Tlic financial stateiiients are prepared in $terling. whicl) 15 the functional currency of die charitt.. Nloniitari. an)i)unt5 in these Financial statenients are roundLd In the iii.. The finaiieial statements have been prepaTrd under tlie historical cost convention, niodified t(1 snLludL' the rei'aluatinii of frceliold properties aiid to include invLStiiient properties and tertain financial instruiiiL'ntS £lt fhii. value. The prijicipal accounting pulicie5 adopted are set out below. 1.2 Goins concern At the tiniL OF approvii)g t]ie financial stateniLiits, Ihe'l'ru.stL'LS havL a reasonable expectation th4lt Ilie chLiriti' has ade4uate rLsources to Continue in operational existente for the fore5Eeable future. Thus thL' l-ru.stees continui> to adopt the going concern basi5 of accaunling in prei7ariiig the financidl stateniL'nts. 1.3 Charitable funds Unrestricted fund5 are available for use at tile discreti(?n of the Tru5tee5 in furtherance of their cliarit¢ible objectii'es. Restriited fuiids are subject tn specific coiiditiviis b!, Ilonor5 or grantors as to how they may be used. -ni¢, purpo.svs and uses of the restricted funds are set out iii the iiotes to tlie financial statemeiits. 1.4 Incom Incoiiie zs reco8nrsed when the charity z5 legallv eiititleLI lo it after any perforniajice conditiolis 1)ai'e IEen iiiet, Ilie aniounts can be iiieasured reliably, and it IS PTubable tliat Income will be received. Ca&li dujiations are recognised on receipt. Otlier doi)atlOlls are retOb?ni5ed njice the eharitt, lias been iiotified uf tl)e diination, unle55 PLlrformaJ)ce coiiditi()Jis require dL.ferral of the aniounl. Incon)e lax rgcDI'erablL in relation lo donahons received under Gift Aid or deeils ol coiieiiant 15 recogni5ed annually wheii tlii. i laii)i is niaLlI' aiid received. Legacies are recosni5ed on receipt 01- otJ)erwiJL if tlie cliciJ'iN lias been notified vl ali iinpending Lli%tribLilion, Ilie aiiii)uiit is kjiown, and receipt is expected. If tjie ¢12nount is not known, the legacy is Iredted a cc)iitinL7eJit asset. 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 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 cli￿1r1￿b]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 0￿ratIng 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 Unfo￿￿een 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 fu￿re 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 eJ￿ure 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 PayM￿lt5". 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.