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2023-12-31-accounts

London West Area Quaker Meeting

Trustees' Annual Report & Accounts 2023

Westminster Friends Meeting House, 52 St Martin's Lane, London, WC2N 4EA Charity registered in England & Wales: Number 1134215

References

Registered Name

London West Area Quaker Meeting

Reporting Period

1st January 2023-- 31st December 2023 Charity Commission Registration Number 1134215

Principal Office

London West Area Quaker Meeting, c/o Westminster Friends Meeting House, 52 St Martins Lane, LONDON, WC2N 4EA

Names of all those acting as trustees on the date that this Report was approved

Sarah Bower Barbara Flack Michael Charles Jane Dawson Caroline Nursey James Robertson Clare Scott Booth Victoria Timberlake

Names of all those acting as trustees during 2023

Sarah Bower Barbara Flack Michael Charles Sandra Horsfall Caroline Nursey James Robertson Clare Scott Booth Victoria Timberlake

Names of key officers in 2023

Area Meeting Clerk: Jonathan Lingham Clerk of Trustees: Jane Dawson Treasurer: Clare Scott Booth Safeguarding Co-ordinator: Sarah Bower

Names and addresses of other relevant organisations

Bankers: CAF Bank 25 Kings Hill Avenue WEST MALLING Kent ME19 4TA Independent Examiner: Myrus Smith Chartered Accountants, Norman House, 8 Burnell Road, Sutton, Surrey, SMI 4BW.

Investment Brokers: Rathbone Investment Management 10 Queen Square BRISTOL BS I 4NT

Property Managers: London Quaker Property Trust Friends House 173 Euston Road LONDON NW I 2BJ

1. Introduction

London West Area Quaker Meeting (LWAQM) of the Religious Society of Friends (Quakers) is the basic unit of the Religious Society of Friends (Quakers) in West London and it is within LWAQM that Quakers in West London hold their membership.

LWAQM has seven constituent Local Quaker Meetings (LQMs) (i.e. local worshipping groups): Brentford & lsleworth, Ealing, Hammersmith, Harrow, Staines & Egham. Uxbridge and Westminster, and owns Jordans Burial Ground jointly with North West London Area Meeting.

LWAQM is constituted as a charity under a Governing Document which was adopted on 15 March 2009 (amended 19 July 2020) and the charity was registered by the Charity Commission for England and Wales on 9 February 20 I 0. The charity is managed by trustees appointed by the Area Meeting on the nomination, wherever possible, of each of the seven Local Meetings, who, together with one Treasurer of LWAQM ex officio, and a clerk appointed on the nomination of the area meeting nominations committee constitute the London West Area Quaker Meeting Trust.

LWAQM meets regularly to consider matters pertaining to its legal responsibilities, those set out in Quaker Faith and Practice and those on which its opinion is sought by Britain Yearly Meeting (BYM: the final constitutional authority of the Society in Great Britain, the Channel Islands and the Isle of Man) and Meeting for Sufferings (the central body which acts for the Society between Yearly Meetings).

The Quaker understanding of worship and of the right ordering of business meetings makes no distinction between meetings for worship and meetings to transact the business of the Society: all meetings of LWAQM are meetings for worship both in principle and in practice.

When referring to individuals, the terms Quaker and Friend are interchangeable.

2. Governance

The Governing Document was adopted by the members of the Area Meeting on 15th March 2009 and the decision was recorded in Minute LW/09/44. It was briefly reviewed in 20 I2 and no changes were proposed to it. The Governing document was amended by Area Meeting on 19 July 2020; the changes were accepted by the Charity Commission on 14 September 2020. The Area Meeting conducts its proceedings in accordance with the Governing Document and the Book of Christian Discipline of the Religious Society of Friends (Quakers) in Britain, currently known as Quaker Faith & Practice, the definite current version of which is published at www.qfp.quaker.org.uk

2.1 The methods adopted for the recruitment and appointment of new trustees

Each Local Quaker Meeting (LQM) within the Area has a local Nominations Committee. The name of a Friend who worships at that LQM is brought forward to the LQM for discussion and approval by its local business meeting. Once approved, the LQM forwards that name to the Area Meeting in session for further discussion, approval and appointment. The AM Nominations Committee may also nominate trustees where considered appropriate.

All trustees are appointed by the AM. The Area Meeting Treasurer is ex officio a trustee.

One trustee is appointed by the Area Meeting in session to be the clerk of the trustees. In line with the Trust's Governing Document, trustees may serve for up to two three-year terms. At the conclusion of those two three-year terms, the trustee must be released from service and may not serve again as a trustee until a clear three -year period has elapsed between serving again and the trustee's previous period of service in that capacity. Only in exceptional circumstances may a trustee remain in post continuously for more than six years. It is the duty of the clerk of trustees to receive trustees' statutory declarations and to ensure that the Charity Commissioners are promptly notified of new appointments.

2.2 Policies for the induction and training of trustees:

On appointment, trustees are issued with copies of: The 2009 Governing Document, The 2009 Trustees' Terms of Reference; The Charity Commission's Essential Trustee: What You Need To Know (CC3) Minutes of the previous year of trustees' meetings, and Trustees' Annual Reports & Accounts for the previous three years.

The clerk of trustees briefs all trustees individually and as a group on their duties and responsibilities. All new trustees are encouraged, and fees are paid, to attend the Woodbrooke Quaker study centre residential course for new Quaker trustees.

2.3 The organisational nature of the charity

The nature of the Quaker Business Method

Quakers understand that no priestly intermediary is needed between the individual and God. Quaker business method is therefore rooted in the belief that everyone can be led by the inward teacher. To work with others in listening and allowing ourselves to be that intermediary between the Holy Spirit and the life as we know it on earth is worshipful business.

The role of the Clerk in Quaker decision-making is to capture in words the sense of the meeting or the agreed expression of collective discernment. The Clerk is the servant of the meeting and may need to step aside from the role if they wish to contribute to the discussion.

The holding of Area Meeting in session

All Quakers who are recorded as being in formal membership of LWAQM are entitled (and are encouraged) to attend when the Area Meeting meets in session to conduct business. Attenders (i.e. people who attend Local Quaker Meetings without being formally registered as members of the Religious Society) are welcome to attend provided that they have sought permission from the Area Meeting Clerk in advance, which is normally granted.

Meetings specifically dedicated to the discernment of issues and problems are known as Meetings for Worship for Business or as Meetings for Worship for Church Affairs, (as

opposed to the usual Meeting for Worship held in stillness in accordance with the Quaker tradition).

Each LQM within the Area holds its own Meeting for Worship for Business regularly. Resolutions from each LQM are communicated to the Area Meeting - and vice versa - by the sending and receipt of formal minutes.

The Area Meeting met in session on six occasions in 2023 when any LQM minutes were considered, along with any other business which came directly to the Area Meeting (e.g. marriage applications, membership applications).

The minutes of the Area Meeting were sent to LQMs for information or action or, if appropriate, onward to Meeting for Sufferings for further consideration and discernment.

The holding of trustees' meetings

The trustees met as a Trustees' Meeting on five occasions in 2023.

A quorum of trustees for the proper ordering of business is half of the number of trustees appointed (rounded up) or half of the number of trustees plus one (if the number of trustees is even) and is set out in the Governing Document under Clause 17 (iv). Every meeting of the trustees was quorate.

The manner of working through the business was in accordance with the Quaker business method. At the Trustees' Meeting itself, every Meeting began with a period of silent worship followed by the acceptance by the meeting of the draft agenda. In the course of the meeting, Trustees considered each agenda item and agreed a minute before moving to the next agenda item.

At the conclusion of the Meeting, the Trustees' minutes for that Meeting were signed in the presence of the trustees by the clerk (Governing Document, Clause I 7(v)). The Governing Document (Clause 17 (vii)) requires the trustees to report to the Area Meeting in session at least once each year in order to share their Annual Report and to discuss matters of concern to members of the London West AQM.

2.4 The relationships between the charity and related parties, including its subsidiaries

London West Area Quaker Meeting consists of itself and seven constituent Local Quaker Meetings; viz. Brentford & Isleworth, Ealing, Hammersmith, Harrow, Staines & Egham, Uxbridge and Westminster.

Each of these LQMs has its own treasurer/bookkeeper and bank accounts. The Area Meeting also has its own treasurer and bank account. In preparing the 2023 Annual Accounts, LQM accounts, together with one half share of the ownership of Jordan Burial Ground (see para 4.3 below), are consolidated to produce an Account for the whole charity.

Trustees are accountable at law for the proper use of all the resources throughout the Area Meeting. Whilst the practical day-to-day oversight is delegated to individual LQMs and their

treasurers, and the management committee in the case of Jordans Burial Ground, Trustees are conscious of their overall responsibility for the whole of the charity's business.

There are currently (2023) about seventy Area Quaker Meetings covering the countries of England, Wales and Scotland. Each of the AQMs registered with the Charity Commission is autonomous. Each AQM's trustees bear final responsibility for everything that occurs within their Area Meetings.

Delegates from each of the Area Meetings link together via a representative body known as Meeting for Sufferings which represents the views and concerns of Quakers across Britain. The final constitutional authority for Quakers in Britain is known as Britain Yearly Meeting. All Quakers who are recorded members of their Area Meeting are, ipso facto, members of Britain Yearly Meeting. All Quakers in Britain are entitled to attend Britain Yearly Meeting in session.

London Quakers Property Trust (LQPT), which assumed the responsibilities of Six Weeks Meeting with effect from 1[st ] January 2017, is made up of representatives from the seven Area Meetings within Quakers in London (of which London West AQM is one). Its main objective is to maintain, preserve and insure the places of worship of the constituent area meetings, and their contents. It holds the title to the Area Meeting's Meeting Houses and associated property. It is accountable to the constituent meetings for the funds and assets it holds on their behalf. A memorandum of understanding between LWAQM and LQPT was signed in 2017.

LWAQM paid a set fee quota to LQPT in 2023 as its contribution to the overall maintenance costs of Quaker Meeting Houses in London. In turn each LQM was asked to pay a quota to the area meeting to meet this cost. All LQMs in the seven Area Meetings in London subscribe to LQPT's supervision and maintenance of their premises in a similar manner. The level of the quota js set by LQPT with regard to the number of members in each area meeting.

2.5 Risk assessment

The major risks to which the charity was exposed, as identified by the trustees, were reviewed and systems or procedures were established to mitigate or manage those risks, for example, through taking out appropriate insurance, ensuring that appointments were made to fill key roles, examining local meeting and area meeting accounts and monitoring compliance with appropriate legislation. A Risk Register is produced and reviewed every year.

From time to time there is a need to take professional advice for which payment is made. This may include advice on employment issues, safeguarding, health& safety, disputes, mental health, financial matters.

Trustees are aware that many roles within the Society are undertaken by a limited number of people and that it is becoming increasingly difficult to fill all roles. For a number of years difficulties have been experienced in filling the role of treasurer within Local Meetings (with some Local Meetings sharing the services of a single Member) and also at Area Meeting level. In recent years some external book-keeping service has been purchased to support the work of Local Meeting Treasurers. It is hoped to consolidate bookkeeping efforts further in future years. Furthermore the Area Meeting is actively discussing collaboration with other Area Meetings in London and potentially forming one single London Area Meeting.

3. Objectives and Activities

3.1 The objects of the charity

Through its constituent LQMs, London West AQM advances religion for the public benefit and facilitates Quaker service primarily by holding public worship at its meeting houses and supporting the outreach and mission of the wider Society, both financially and through the active involvement of its Members and Attenders: the primary purpose of the Religious Society of Friends is religious.

Within LWAQM, income and property are used to further the Area Meeting's objects by work such as:

Individual Local Quaker Meetings and individual Friends undertake a range of outreach and charitable work on behalf of the Society

3.2 Grant-making policies

Funds are collected (largely but not entirely by Direct Debit and Standing Orders) from individual Friends as part of their contribution to the work of the Society. In most of our LQMs, individual Friends decide for themselves what proportion of their offering/ donation is kept for spending within their LQM and/ or is passed on to the Area Meeting. They also decide for themselves what percentage of their contributions should be forwarded to Britain Yearly Meeting to support the centrally-managed work. LQMs decide what amount from their funds is donated to BYM each year. There is no Area Meeting policy: it remains a matter for individual Friends and the LQMs.

There are no policies which decide whether support should be offered by the Area Meeting or its constituent local meetings for non-Quaker organisations. The LQMs and the AQM decide on a case-by-case basis whether they wish to support non-Quaker activities which provide services which facilitate realisation of Quaker beliefs and values. Only small donations are

made from the LQMs' own resources unless as a consequence of a tested and adopted concern. LQMs may make special collections acting as agent for other non-Quaker causes.

4. Achievements and performance

4.1 Membership

The membership statistics for the preceding year are drawn up annually. The 2023 figures were published to all Quakers in London West AQM. At the end of 2023 245 members were recorded. A further 143, including 23 children and young people, were regular attenders at our meetings for worship.

4.2 Changes to Meetings

No new meetings were established and no meetings were laid down.

4.3 Jordans Burial Ground

Jordans Burial Ground is jointly owned by London West and North West London Area Quaker Meetings in equal shares. The land was valued in 2017at£17,000 and one half of this is included on the balance sheet as a tangible asset.

The Burial Ground is managed by a committee appointed by London West, North West London and Chilterns Area Meetings, all of which pay a contribution of one third of the costs. The accounts are shown at Note 10 to the accounts.

The establishment of a new separate trust to which ownership of the burial ground would be transferred is being considered.

4.4 Public Meetings for Worship

Each of the seven Local Meetings held Meetings for Worship on Sunday mornings.

LQM Location For
whom		 When How
often		 Length
Brentford&
lsleworth		 FriendsMeeting House,
QuakersLane,London
Rd, lsleworth, TW7
5AZ.
Blended meeting on
Zoom		 Adults Sundayat
10.30 AM		 Weekly One
hour
Children Sunday
at 10.30AM		 Twice
per
month		 One
hour
Ealing Friends Meeting House,
I7 Woodville Rd, W5
2SE
Blended meeting on
Zoom		 Adults Sundayat
10.30AM		 Weekly One
hour
Children Sunday
at 10.30
AM		 First
Sunday
of the
month		 50
mins.
Then 10
mins
with
adults
Hammersmith FriendsMeeting House,
20 NigelPlayfair Ave,
until August2020 and
then 20Bradmore Park
Rd.		 Adults Sunday at
11.00AM		 Weekly One
hour
Harrow Friends Meeting House,
456RaynersLane,HAS
SOT		 Adults Sunday at
10.30AM		 Weekly One
hour
Stainesand
Egham		 Friends MeetingHouse,
9 Limes Rd,Egharn,
Surrey.		 Adults Sundayat
10.30
AM		 Weekly One
hour
Uxbridge FriendsMeeting House,
YorkRd,Uxbridge UB8
1OW
Blended meetingon Zoom		 Adults Sunday
at 10.30
AM		 Weekly One
hour
Westminster FriendsMeeting House,
52 St.
Martins Lane,
WC2N4EA
Blended meeting on Zoom
on second and fourth
Sundays
Separate in person and Zoom
meetings on other Sundays		 Adults Sundayat
11.00AM		 Weekly One
hour
In person meeting Adults Tuesdayat
1.00
PM		 Monthly Halfan
hour
Blended meeting on Zoom Adults Wednesday
at
6.15 PM		 Weekly 45
minutes
In person first and third
Sundays, online second and
fourth Sundays		 Children Sunday at
11.00
AM		 Weekly One
hour

All LQMs welcomed those who wished to participate in such Meetings for Worship whether or not they were members. Meetings for Worship were followed by opportunities for fellowship over tea/coffee. All LQMs made available to members and attenders their library of books relevant to Quaker life and worship.

4.5 Reports from Local Meetings

All LMs met regularly to consider the administration of the LM and other issues at meetings for worship for business. All members of the LM, and attenders with notice, were normally invited to attend and participate in such meetings.

The spiritual well-being of all the LMs, and the right ordering of meetings for worship, is the particular responsibility of those called Elders. All members have a responsibility for the physical and mental health of members and regular attenders and seek to avoid or mediate emotional or material want, but Friends are appointed as Pastoral Care teams to take particular responsibility. The Elders and Pastoral Care teams of most LMs have joint meetings and some LMs appoint joint Elders and Pastoral Care teams. Interventions for individuals were undertaken on a confidential basis.

Brentford and Isleworth

Brentford and Isleworth Quakers have continued to hold blended meetings. This has enabled Friends to be included who might otherwise be prevented. They have also held regular children’s meeting. Fellowship has been nurtured through garden working parties, the Craft and Chat group and shared lunches and have taken part in the London Open House weekend.

The meeting has spend time considering the London wide consultation, ‘Better Homes for our Meeings’

There have been no burials or interment of ashes during this period.

Ealing

Ealing local meeting continued to hold blended meetings for worship each Sunday morning. Children’s meeting resumed in the meeting house once a month, though numbers are low at present. The meeting community was strengthened by a monthly shared lunch, book group, and a wide range of study and learning opportunities. An annual “attenders lunch” provides the opportunity for those newer to meeting to learn more about aspects of Quakerism.

The meeting house is hired to a wide range of community groups. One of the rooms has been affected by subsidence and had to be closed during 2023, reopening in the summer of 2024.

Members of the meeting were active in various types of social action and the meeting continued to support groups working with refugees and asylum seekers by making space in the meeting house available and funding the cost.

Hammersmith

Our attendance increased from low teens to regularly 20 and more members and attenders. Some of the newcomers are in their 20’s and 30’3, thus lowering our age profile. In addition to our weekly MFW, we host ‘Openings’ sessions before MFW from 9.45- 10.45, with topics relating to Quaker concerns, lead either by members or outside speakers. These topics have included Spiritual Light, Peace and Nonviolence, and Quaker Conscientious objectors in WW1 & 2,with special reference to Wormwood Scrubbs. These tend to be held bi-monthly. For the third year, we opened our doors to London Open House where, despite the Sunday weather, we had around 120 visitors. Stewart Dodd, our architect, kindly came again from Devon to speak to visitors, always a visitor-attracting offer.

We continue, in partnership with LBHF Council, to host monthly Ukrainian Welcome sessions and are beginning our third year. Some members also hold Saturday morning English conversation sessions at St John’s Church in Notting Hill. Also in LBHF partnership, we host four seasonal welcome sessions for local Asylum Seekers. Additionally we worked with the Council to host a ‘Women’s Day’ celebration of local women, where our member and speaker Sheila Hancock ensured a full house

Our relationship with the Council continues to be productive community-wise and financially, as we served again as polling station in the recent elections. Our premises committee continues to labour to make the building more accessible and useful (including replacing the problematic front door!), and installing sound mitigation features and AV equipment. Our office manager works diligently to increase rentals, and we are pleased to have such a personable, supportive and highly-competent person on board. Pan London: Our meeting is mightily exercised over this issue. While many new attenders are, understandably, not involved with this, there is a concerned and vocal group who, for the time being, remain highly anxious about forthcoming developments. Other members are happy to move forward with the Pan London programme and positively support the ongoing exploration.

Harrow

Harrow holds a Meeting for Worship in the Meeting House every Sunday as well as a blended meeting on alternate Sundays. We also hold a MFW on Thursday evenings on Zoom. Current numbers attending on Sundays are around 12 to 15 together with a small group of Friends on Zoom.

We occasionally welcome visitors on Sundays and several have joined on a more regular basis. We have not had a meeting for children for some years now. A monthly meeting for healing continues on Zoom. Meetings for business are held six times a year. We hold occasional shared lunches and have also been holding fortnightly discussion groups which take place after Meeting for Worship

The Meeting House is widely used by local Community groups. During the week we have a nursery every morning and a variety of other groups hire the MH in the evening and at weekends. We currently have only limited capacity for additional users.

Our Meeting was unanimous in their support of the proposed Pan-London Area Meeting, although we appreciate there is still much work to be done. Also the Meeting was left a large legacy and this has been passed on to BYM to fund Youth and Local Development workers for London for several years.

Staines and Egham

Staines & Egham is a small meeting with six regular members and three attenders. Three members are restricted by health issues or work commitments. The Clerk lives in Jamaica but regularly joins the worship via Zoom. The meeting has spent time considering “Better Homes for our Meetings’

Uxbridge

Uxbridge Meeting continues to provide a place of worship and spiritual nourishment. The Meeting House also provides similar opportunities to other faith-based and spiritually led groups. Whilst small in number, with an average attendance at Meeting of between 8 to 10 Friends, the spiritual life of the Meeting is strong. Small numbers restrict what can be achieved in terms of outreach, but Uxbridge Friends continue to represent Quaker Testimonies and values through active participation in Churches Together and in friendship with a local Mosque and support of local groups We will shortly be starting an experimental film night open to all. We continue to consider how we may use our Meeting House to extend further our outreach into the local community.

Small numbers present many challenges. For the past year the management of the Meeting House has been on a ‘collective’ basis with Friends volunteering to take on tasks. Our Clerk is now supported by two other Friends in a ‘Clerking Team’ but we are aware we do not meet all the administrative

requirements laid on local meetings and required for the running of the Meeting House. Despite this, we have seen a rise in others using the Meeting House. In this respect we are grateful for the help from our external Treasurer and those managing our accounts, including LQPT.

Westminster

Westminster was a growing meeting during 2023 with worshipping numbers averaging 40- 50 on Sundays and 20-30 on Wednesdays. Children’s meeting was offered on most Sundays and children add to the richness of the meeting. We benefit from London Young Adult Friends using the meeting house on two or three Sundays a month and teenagers on another. Some attenders have applied for membership and more are hoping to do so during 2024.

Community activities include monthly ‘soup Sundays’ and our traditional shared lunch and carols in December. Spirituality has been nurtured through a monthly worship sharing and a small reading group. Shared witness included taking part in the vigil at the Arms Trade Fair and opening the Meeting House for those on the Pride March and various climate change actions, while the Meeting supports individual Friends in a wide range of personal witness.

London West Area Meeting (LWAM)

The Area Meeting serves as the main body responsible for the proper conduct and oversight of church affairs for Quakers within an area that stretches outwards in a triangle from Westminster as far west as the M25. The Area Meeting’s overarching role is to develop and support the community of Friends attached to its seven constituent local Quaker meetings in this part of London.

Area Meeting met in session for business six times in 2023. Between 30 and 40 Friends usually took part on each occasion, either in person or online. All Quakers who are recorded as being members of LWAQM are entitled (and encouraged) to take part in our business meetings. Attenders (those who attend Local Quaker Meetings regularly, but without being registered as members of the Society) are welcome to attend provided they have sought permission from the Area Meeting Clerk in advance, which is normally granted.

Quakers have no paid clergy. An appointed Clerk is responsible for the conduct of our business Meetings, which are held in a spirit of worship. These meetings provide an opportunity to consider issues and concerns brought by local meetings for wider discernment, as well as to hear reports from central committees and other Quaker organisations. The Area Meeting appoints those responsible for providing pastoral care to Friends, and appoints others to act as Elders to foster the spiritual life of our meetings. Friends are also appointed to serve on the various bodies that ensure proper governance and right stewardship of the wider Religious Society of Friends. The meeting considers the Area Meeting’s annual budget, and the narrative and financial reports prepared by trustees for the Charity Commission.

Since 2019, each of our business meetings has enabled Friends to explore a different “topic” which have special relevance to our faith.

4.6 Sustainability throughout the Area Meeting and its Activities

Regular maintenance of all our meeting houses is undertaken by London Quaker Property Trust (LQPT). LQPT has continued to focus on physical measures to reduce energy consumption and has negotiated special tariffs for meeting houses in London with a sustainable energy company. Where possible in our local meeting houses roof space insulation and window double glazing have been provided. Recycling of waste materials depends upon the policies of the local borough where individual meeting houses are situated; individual meetings strive as best they can to recycle and consume ethically.

5. Financial review

5.1 Annual Accounts for 2023

London West AQM’s Total Funds (including those of its constituent Local Meetings) decreased during the year from £1,031,694 at 1st January 2023 to £889,064 at 31[st] December 2023 with no Local Meeting accounts in deficit.

This was largely due to deliberate spending of restricted, designated and general funds on specific charitable projects. At Harrow LQM, the remainder of a large legacy fund, mostly distributed in 2023, was spent, amounting to £29,738. At Westminster LQM the meeting sold investments in order to fund a strategy of spending some of the reserves: a donation of £40,215 from the designated bequest reserve was made to London Quaker Property Trust to fund work at the meeting house. At Hammersmith, a payment of £60,675 was made to LQPT from the Building Fund representing costs of the new meeting house which had been expended by LQPT. The area meeting funded half the cost of the new business manager at Hammersmith from reserves. The aim of this post is to increase hirings at the new Hammersmith Meeting House, both to increase income to fund building expenses, and to benefit the local community.

Unrealised gains on investments amounted to £33,146 (2022 loss £119,839). The overall movement in funds was a decrease of £142,630 (2022 decrease of £899,232).

The funds were made up of £671,937 unrestricted (of which £422,811 was designated for particular purposes), £93,870 restricted and £123,257 endowment funds (in 2022 £758,371 unrestricted, £156,998 restricted and £116,325 endowment funds).

5.2 Principal funding sources

Income largely comes from Friends in membership of the Religious Society and Attenders who are encouraged to contribute money to support the Area Meeting, its concerns and its business, but only at a level at which individuals can afford.

Voluntary donations, excluding legacies, of this nature in 2023 total £86,861 (2021 £81,936) and there was an income from legacies of £5,957 (2022 £50,544). The income from legacies returned to a more usual level following the large legacy received in 2021 and 2022.

The Area Meeting itself has income from investments but the majority of investments are held by Local Meetings. Income from investments for 2023 amounted to £13,789 (2022 £10,734).

London West AQM’s funds are largely unrestricted though there are some restricted funds and endowment funds, mostly acquired as legacies over many years and connected to the maintenance and support of specific meeting houses, including the replacement of Hammersmith Meeting House, whose building fund (restricted) at the year-end stood at £82,199 (£145,273 at end 2022).

The Area Meeting was the lead sponsor for the West End Welcome Project, initiated by Westminster LM with the American International Church and the Bloomsbury Baptist Church. Funds raised are held in a restricted fund which had a balance of £3,171 at the end of 2022 (£3,225 in 2022). These funds, raised from donations, were used for the expenses of a refugee Syrian family who arrived in 2021. Consideration is now being given to use of the remaining funds.

5.3 How LWAQM’s direct expenditure has supported the Area Meeting’s objectives

Apart from passing on quota contributions from local meetings to London Quakers Property Trust for the upkeep of all Quaker meeting houses London-wide, London West’s direct expenditure in 2023 consisted mostly of supporting the Hammersmith Business Manager post and administrative support to enable the clerks and trustees to carry out the area meeting’s business. A breakdown of AM income and expenditure is included at notes 2 and 3 of the accounts.

5.4 Reserves policy

Trustees are mindful that, as a charity, their funds should be used to meet their charitable objectives, rather than hold funds in the longer term. However, they believe that they need to hold reserves in longer term to ensure the sustainability of the Area Meeting and the wider Quaker community in the long term. They are aware that many Friends today have less capacity to contribute to the upkeep of Meeting Houses and other Quaker activities and they are fortunate to hold reserves which have built up often from generous legacies from previous generations of Quakers. However the Trustees recognise the need to balance short term need to use the funds to support Quaker activities and the longer term needs for sustainability of the Area Meeting and will continue to keep this under review.

Within this overall policy, each Local Meeting has determined its own reserves policy as they have delegated authority to hold and manage a high proportion of the AM’s funds.

Brentford & Isleworth

The Meeting aims to keep unrestricted free reserves of about £25,000 which represents about 2 years of regular local expenditure. It also holds a designated reserve arising from a legacy for a special purpose.

Ealing

Ealing Meeting's money is used to further Quaker work and sustain the life of the meeting. The LM finds it prudent to keep a level of reserves to deal with unexpected fluctuations in income and liabilities between six months' and one year's anticipated expenditure.

Hammersmith

Hammersmith Friends have a policy of retaining reserves in anticipation of expenditure related to the new Meeting House. They continue to support relevant charitable giving on a case by case basis.

Harrow

When Harrow’s reserves policy was established, £100,000 was ‘earmarked’ for dispersal to such Quaker and other causes as the Meeting itself discerns over the next 10 years. The remaining £30,000+ is to be held for future ‘closure’ or other demands. This policy has been followed since the policy was established with the sum ‘earmarked’ for dispersal falling to around £20,000 by the end of 2023.

Staines & Egham

As a small local Meeting, Staines and Egham consider that they need to hold the current level of reserves in case of any emergencies which would not be met from centrally held funds.

Uxbridge

Uxbridge’s expenditure frequently exceeds their income from Ffriends (members) so they rely on legacy/reserve funds for ongoing survival. All their legacies have been left to Uxbridge Local Meeting.. It is intended to keep reserves for ongoing regular costs as a LM, some for the spiritual well-being of the LM, including grants to local Friends for study etc., some for Meeting House upkeep, and some for local charities/worthy causes and Quaker organizations.

Westminster

Westminster currently holds three types of reserves: endowment, designated funds and general reserves, which have benefitted in recent years from unrealised gains in the value of investments. The endowment fund is the Douglas and Doris Lee Memorial Fund. Under the terms of the endowment, the income

generated by the capital is used to help international friendship and peace. Designated funds are legacies received where a particular purpose was specified. The majority of designated funds have been received since 2010. A further legacy was allocated for spending on the Westminster Meeting House premises and Friends have agreed to draw down on this to make certain improvements including to equipment for holding blended meetings. With regards to general funds, they benefit from receiving all the income from investments and bank interest so a practice has been established of not asking Friends for direct contributions to the running of the local meeting. As a result, a large proportion of “where most needed” contributions go direct to BYM.

London West Area Quaker Meeting

London West AQM itself aims to maintain a reserve equivalent to one-year’s expenditure (inclusive of the levy payable to the London Quaker Property Trust) which is kept to enable it to meet Area Meeting’s financial needs in the short term.

5.5 Investment Policy

London West AQM subscribes to the principles of investing in a socially, environmentally and ethically sound manner and retains Rathbone Greenbank Investment Management Ltd as its investment broker to invest funds held by Westminster Local Meeting. The Trustees maintain a small working group to review the AM’s investments.

6 Key Plans for the Future

6.1 Hammersmith Friends' Meeting House Redevelopment Project

This project, begun in 2008, finally reached completion in 2020, but occupation and development of the use of the building was hampered by the Covid-19 pandemic. The Trustees agreed to fund a post to develop use of the building. This was slower than expected during 2022 due to the ongoing effect of the pandemic. In 2023 the Trustees agreed to continue to fund 50% of the costs of the post, the remainder being funded by LQPT. A business plan has been drawn up to significantly increase the use of the building for community purposes and to increase income.

6.2 Pan London Area Quaker Meeting

Quakers across London have been considering the desirability of creating a London-Wide charitable Area Meeting to take over the critical administrative, financial and legal responsibilities of running all the seven currently constituted London Quaker AMs. Some AMs in London have found it increasingly difficult to find volunteers who would act as trustees, especially in an environment where these responsibilities become ever more onerous.

In 2023 these discussions progressed and Friends from London West AQM were heavily involved in developing proposals. During the year the area meeting agreed in principle that it would join a London Area Meeting, expected to begin its work in 2025.

7. Public Benefit Statement

In pursuance of the Charity Commission's guidance on public benefit, the Trustees of London West Area Quaker Meeting confirm that they have had regard to the Charity Commission's public benefit guidance when exercising any powers or duties to which that guidance is relevant.

8. The Reporting of Serious Incidents

Pursuant to the Charity Commissioners' guidance on reporting serious incidents, the Trustees of London West Area Quaker Meeting declare that, during the reporting year 1 January 2022 – 31 December 2022, there were no serious incidents which they failed to bring to the Commissioners' attention.

9 Safeguarding

Our Area Meeting has in place an appropriate safeguarding policy. One ongoing risk is being managed. One trustee is appointed as Safeguarding Coordinator.

10 Acknowledgements

The trustees acknowledge with gratitude those Friends whose contributions made this annual report possible and whose work and upholding sustained the Area Meeting throughout 2022.

This report and the attached accounts were approved by the trustees on 11 November 2024 and the clerk was authorized to sign them.

Jane Dawson, Clerk

London West Area Quaker Meeting: Consolidated Accounts for year ended 31 December 2023 SOFA

Note
Incoming Resources
Income from donations
Income from legacies
Investment income
Income from Quaker activities
Total incoming resources
2
Resources Expended
Charitable Activities
3
Other
Total Resources Expended
Net (outgoing) incoming resources before transfers
Transfers between funds
8
Net incoming (outgoing) Resources
Recognised gains (losses) on investment assets
Net Movement in Funds
Balance b/f at 1 January 2023
Balance c/f at 31 December 2023
Incoming Resources
Income from donations
Income from legacies
Investment income
Income from Quaker activities
Total incoming resources
Resources Expended
Charitable Activities
Other
Total Resources Expended
Net incoming (outgoing) resources before transfers
Transfers between funds
Net incoming (outgoing) Resources
Recognised gains (losses) on investment assets
Net Movement in Funds
Balance b/f at 1 January 2022
Balance c/f at 31 December 2022		 2023
Unrestricted
funds
Restricted
funds
Endowment
funds
TOTAL
£
£
£
£
86,861
86,861
5,957
5,957
10,194
1,316
2,279
13,789
69
69
0
103,081
1,316
2,279
106,676
(216,258)
(64,808)
(1,386)
(282,452)
(216,258)
(64,808)
(1,386)
(282,452)
(113,177)
(63,492)
893
(175,776)
37
364
(401)
0
(113,140)
(63,128)
492
(175,776)
26,706
0
6,440
33,146
(86,434)
(63,128)
6,932
(142,630)
758,371
156,998
116,325
1,031,694
671,937
93,870
123,257
889,064
2022
Unrestricted
funds
Restricted
funds
Endowment
funds
TOTAL
£
£
£
£
81,936
81,936
50,544
50,544
8,986
293
1,455
10,734
92
0
141,558
293
1,455
143,306
(907,030)
(14,618)
(1,051)
(922,699)
(907,030)
(14,618)
(1,051)
(922,699)
(765,472)
(14,325)
404
(779,393)
6
63
(69)
0
(765,466)
(14,262)
335
(779,393)
(100,817)
(19,022)
(119,839)
(866,283)
(14,262)
(18,687)
(899,232)
1,624,654
171,260
135,012
1,930,926
758,371
156,998
116,325
1,031,694

All income and expenditure derives from continuing activities. The Statement of Financial Activites includes all gains and losses recognised in the year.

The notes form part of these financial statements

Page 1

London West Area Quaker Meeting: Consolidated Accounts for year ended 31 December 2023

BALANCE SHEET 2023

see note
FIXED ASSETS
Investments
9
Land
10
CURRENT ASSETS
Debtors
4
Cash at bank and in hand
4
CURRENT LIABILITIES
Creditors Due within One Year
4
Net Current Assets
Creditors Due after One Year
4
NET ASSETS
FUNDS
8
Unrestricted general
4
Unrestricted designated
4
Unrestricted total
Restricted
4
Endowment
4
TOTAL FUNDS		 2023
545,855
8,500
554,355
5,420
373,497
378,917
(43,423)
335,494
(785)
889,064
249,126
422,811
671,937
93,870
123,257
889,064		 2022
622,521
8,500
631,021
8,571
446,941
455,512
(54,559)
400,953
(280)
1,031,694
266,367
492,004
758,371
156,998
116,325
1,031,694

Approved by London West Area Meeting Trustees on

and signed on its behalf by

Jane Dawson, Clerk

The notes form part of these financial statements

Page 2

London West Area Quaker Meeting: Consolidated Accounts for year ended 31 December 2023

Note 1 Accounting polices

a) Statutory information

London West Area Quaker Meeting is an unincorporated charity registered with the Charity Commission.

b) Basis of preparation

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

c) Scope

The accounts reflect the activities of the London West Area Quaker Meeting itself together with the consolidated results of the Local Meetings within the area.

d) Debtors and Creditors

Accruals and prepayments have been included in the income and expenditure where in the opinion of the Trustees the amounts are significant and their inclusion will give greater clarity to the financial statements

e) Investments

Investments are valued at market value at the Balance Sheet date. Realised gains and/or losses on investments are recognised when the investment is sold. Unrealised gains and/or losses are accounted for on revaluation at the Balance sheet date.

f) Fund accounting

Restricted funds are funds which must be used for the specific purposes laid down by the donors. Restricted funds held are the Hammersmith Building Fund from an appeal towards the cost of their new Meeting House. West End Welcome fund is towards the joint project with the American Church and Bloomsbury Baptist church to support a refugee family from Syria under the Home Office scheme.

Unrestricted funds are donations and other incoming resources received or generated may be used for the furtherance of the charitable purposes.

Unrestricted funds include designated funds which the trustees have, at their discretion, set aside for particular purposes. Brentford &Isleworth holds funds set aside towards the up keep and improvement of its Meeting House. Ealing holds funds to spend on courses and training. Staines & Egham hold funds for spiritual and educational life of the meeting. The Westminster’s Bequest Fund is held towards the up keep and improvement of its Meeting House.

Page 3

The capital on endowment funds are to be preserved, with the income only to be expended in the year. AM holds a General Purposes Endowment fund for the furtherance of the area Meeting, and a Six Weeks Meeting Fund for the maintenance of places of worship and the relief of poor Friends. Westminster holds the Douglas and Doris Lee Memorial Fund for the furtherance of International Friendship and Peace.

g) Expenditure and irrecoverable VAT.

Grants and donations are accounted for when paid or agreed if a binding obligation is created. Costs directly related to the work of the meeting are accounted for when payable.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred

h) Incoming resources

Donations and gifts are recognised when the meeting has entitlement; the amount can be measured reliably or has received by or on behalf of the meeting.

Grants and legacies are accounted for when the meeting is notified of its legal entitlement and the amount due is quantifiable.

i) Pensions

The Meeting makes contributions to a pension scheme for its eligible employees, which are included in the accounts when they become payable and are allocated to the related staff costs.

Page 4

London West Area Quaker Meeting: Consolidated Accounts for year ended 31 December 2023

Note 2 Analysis of income

----- Start of picture text -----
UNRESTRICTED INCOME
2023
Brentford& Hammer- Staines LM Totals TOTAL
Isleworth Ealing smith Harrow &Egham Uxbridge Westminster 2022 AM 2022
£ £ £ £ £ £ £ £ £ £
UNRESTRICTED FUNDS
Incoming Resources
Income from donations 6,852 10,984 8,418 13,665 3,284 3,480 40,088 86,771 90 86,861
Income from legacies 5,000 457 500 5,957 5,957
Investment income 863 78 26 1,036 188 44 7,223 9,458 736 10,194
Income from Quaker activites 69 69 69
0
Total incoming resources 7,715 16,062 8,444 15,158 3,472 3,524 47,880 102,255 826 103,081
RESTRICTED INCOME ENDOWMENT INCOME
2022 2022
Hammer-
smith AM General
Building West End Purposes AM "Six Weeks
Fund Welcome TOTAL Fund Meeting" fund Westminster TOTAL
Income
Income from grants and donations -
Income from legacies
Investment income 1,310 6 1,316 37 364 1,878 2,279
Income from Quaker activies
Other income
Total Incoming Resources 1,310 6 1,316 37 364 1,878 2,279
----- End of picture text -----

Hammersmith Building Fund is from an appeal towards the cost of their new Meeting House. West End Welcome is a restricted fund set up to fund the joint project between Westminster LM, The American Church and Bloomsbury Baptist church to support a refugee family from Syria under the Home Office scheme

AM General Purposes Fund is held for the furtherance of the Area Meeting AM "Six Weeks Meeting" Fund is for the provision and maintenance of places of worship and relief of poor Friends

Westminster's Douglas and Doris Lee Memorial Fund is held for the furtherance of International Friendship and Peace.

PREVIOUS YEAR
Income
Income from donations
Income from legacies
Investment income
Income from Quaker activies
Total Incoming Resources
Income
Income from donations
Income from legacies
Investment income
Income from Quaker activies
Other income
Total Incoming Resources		 UN RESTRICTED INCOME
2021
Brentford&
Isleworth
Ealing
Hammer-
smith
Harrow		 Staines
&Egham
Uxbridge
Westminster
Area Meeting
TOTAL
£
£
£
£
7,612
11,225
4,927
16,512
49,544
1,033
9
450
40
8,685
11,234
4,927
66,506
Hammer-
smith
Building
Fund
West End
Welcome
TOTAL
289
4
293
289
4
293
RESTRICTED INCOME
2021		 £
£
£

2,826
3,747
34,309
778
81,936

1,000
50,544

42
24
7,112
316
8,986
52
92
2,868
4,823
41,421
1,094
141,558
AM
General
Purposes
Fund
AM "Six Weeks
Meeting" fund
West minster
TOTAL
6
63
1,386
1,455
6
63
1,386
1,455
ENDOWMENT INCOME
2021

Page 5

London West Area Quaker Meeting: Consolidated Accounts for year ended 31 December 2023

Note 3 Detail of Expenditure

----- Start of picture text -----
Unrestricted Expenditure 2023
LocaL
Brentford& Hammer- Staines meeting
Isleworth Ealing smith Harrow &Egham Uxbridge Westminste totals Area Meeting TOTAL
Charitable Activities
LQPT Quota 48,768 48,768
AM Gathering -
Conferences and training 447 75 522 20 542
Meeting expenses 766 3,436 486 618 175 384 14,058 19,923 3,347 23,270
Expenditure on premises not LQPT 4,500 - 406 17 3,071 7,994 11,032 19,026
Donations made
Britain yearly Meeting 3,000 20,000 60 14,000 37,060 - 37,060
Other Quaker causes 35 6,150 280 46,565 53,030 - 53,030
Non Quaker causes 584 10 29,178 110 3,180 33,062 33,062
Governance costs
Independent Examination - 1,500 1,500
Other - -
Charitable activities TOTAL 5,850 6,928 892 55,946 192 909 80,874 151,591 64,667 216,258
RESTRICTED EXPENDITURE ENDOWMENT EXPENDITURE
2023 2022 2023 2022
Donation to Britain Yearly
Expenditure on project 364 60 64,384 64,808 4,229 2,174 8,215 14,618 Meeting 1,386 1,051
Charitable activities TOTAL 364 60 64,384 64,808 2,397 3,518 168 6,083 Charitable Activities Total 1,386 1,051
Unrestricted Expenditure 2022
Brentford& Hammer- Staines
Isleworth Ealing smith Harrow &Egham Uxbridge Westminste [ Totals 2020 ] Area Meeting TOTAL
Charitable activities
LQPT Quota 47,569 47,569
AM Gathering -
Conferences and training 580 95 19 150 844 2,379 3,223
Meeting expenses 4,058 132 307 1,989 409 986 8,736 16,617 3,196 19,813
Expenditure on premises not LQPT 16 115 85 100 3,833 4,149 18,493 22,642
Donations made
Britain yearly Meeting 3,000 450,000 15,000 468,000 - 468,000
Other Quaker causes 35 231,050 100 8,300 239,485 500 239,985
Non Quaker causes 531 10 70 100,595 3,298 104,504 104,504
Governance costs
Independent Examination - 1,140 1,140
Other 66 88 154 154
0
Charitable activities TOTAL 4,589 3,773 587 783,653 494 1,402 39,255 833,753 73,277 907,030
AM SWM Fund AM WE Welcome Hamm Building Fund total AM SWM Fund AM WE Welcome Hamm Building Fund total West minster West minster
----- End of picture text -----

Page 6

London West Area Quaker Meeting: Consolidated Accounts for year ended 31 December 2023

Note 5 Net rents paid to London Quakers Property Trust (LQPT) by Local Meetings 2023

The figures shown are income and expenditure received and spent as agent for LQPT, expenditure on the meeting houses incurred directly by LQPT is not included.

Hires and other income
Expenses
Salaries/fees
Caretakers remuneration
Cleaning
Repairs & Maintenance
Equipment renewals
Annual test and servicing
Garden costs
Waste collection
Electricity
Gas
Water
Print & Stationery
Post & Telephone
Council Tax
Other
Total Expenses
Net rents to LQPT		 2023
Brentford&
Isleworth
Ealing
Hammer-
smith
Harrow
Staines
&Egham
Uxbridge
Westminster
2023
Totals
26,278
34,193
24,076
32,780
3,066
25,329
190,664
336,386
0
2,455

0
0
0
18,330
20,785
0
0
0
5,434
0
0
1,309
6,743
85
5,762
1,418
3,028
742
2,605
17,880
31,520
852
804
520
945
459
1,836
10,271
15,687
887
423
0
0
0
0
1,687
2,997
221
516
220
0
268
0
796
2,021
3,791
1,212
236
618
1,097
2,700
23
9,677
1761
751
164
0
0
0
1,587
4,263
1,289
983
400
1,034
1,525
1,313
12,286
18,830
219
2,067
330
4,018
1,009
4,249
2,915
14,807
1,005
213
480
0
308
257
2,184
4,447
0
0
198
0
0
253
451
0
701
771
169
532
457
1,347
3,977
0
0
0
0
0
0
800
800
7,469
0
0
0
0
311
2,042
9,822
17,579
15,887
4,737
15,246
5,940
13,728
73,710
146,827
8,699
18,306
19,339
17,534
(2,874)
11,601
116,954
189,559*

*The business manager's salary at Hammersmith was funded directly by LQPT and LWAM so does not appear here

PREVIOUS YEAR
Hires and other income
Expenses
Salary/wage costs
Caretakers remuneration
Cleaning
Repairs & Maintenance
Equipment renewals
Annual test and servicing
Garden costs
Waste collection
Elecrticity
Gas
Water
Print & Stationery
Post & Telephone
Council Tax
Other
Total Expenses
Net rents to LQPT		 2022
Brentford&
Isleworth
Ealing
Hammer-
smith
Harrow
Staines
&Egham
Uxbridge
Westminster
Totals
24,149
25,634
5,800
24,143
2,078
43,521
117,810
243,135
3,959
18,306
22,265
4,958
4,958
5,081
988
2,891
659
1,783
15,240
26,642
783
461
1504
657
1,520
1,360
4,124
10,409
1,525
228
285
16
2,895
4,949
367
161
556
345
1,429
5,000
1,204
75
720
1,252
79
8,330
692
57
856
1,605
1,101
617
2,716
1,111
1,223
1,434
7,085
15,287
1,973
1,007
32
1,440
490
3,586
3,076
11,604
128
163
601
359
230
1,481
57
57
978
463
1,216
168
388
421
1,808
5,442
760
760
7,173
160
437
143
2,698
10,611
19,028
14,196
7,973
11,662
5,920
10,066
56,984
125,829
5,121
11,438
(2,173)
12,481
(3,842)
33,455
60,826
117,306

Page 7

London West Area Quaker Meeting: Consolidated Accounts for year ended 31 December 2023

Note 4 Details of the Balance sheets of Local Meetings and the Area Meeting

----- Start of picture text -----
CURRENT YEAR 2023
Jordans
Brentford Hammer- Staines Local Meeting Burial
&Isleworth Ealing smith Harrow &Egham Uxbridge Westminster Total Area Meeting Ground TOTAL
£ £ £ £ £ £ £ £ £ £ £
FIXED ASSETS
Investments 18,265 4,463 506,536 529,264 16,591 545,855
Land 8,500 8,500
18,265 0 0 0 4,463 0 506,536 529,264 16,591 8,500 554,355
CURRENT ASSETS
Debtors 1,811 763 2,490 356 5,420 5,420
Cash 17,365 26,148 90,759 56,812 5,710 29,881 66,707 293,382 80,115 373,497
17,365 27,959 91,522 59,302 6,066 29,881 66,707 298,802 80,115 378,917
CURRENT LIABILITIES
Creditors Due within One Year (2,169) (7,201) 0 (6,489) (800) (2,939) (5,000) (24,598) (18,825) (43,423)
Net Current Assets 15,196 20,758 91,522 52,813 5,266 26,942 61,707 274,204 61,290 335,494
Creditors Due after One Year (310) (475) (785) (785)
Net Assets 33,461 20,448 91,522 52,338 9,729 26,942 568,243 802,683 77,881 8,500 889,064
FUNDS
Unrestricted- general 7,961 15,761 9,323 52,338 3,607 26,942 76,273 192,205 56,921 249,126
Unrestricted - designated 25,500 4,687 6,122 386,502 422,811 422,811
Unrestricted - total 33,461 20,448 9,323 52,338 9,729 26,942 462,775 615,016 56,921 671,937
Restricted 82,199 82,199 3,171 8,500 93,870
Endowment 105,468 105,468 17,789 123,257
Total Funds 33,461 20,448 91,522 52,338 9,729 26,942 568,243 802,683 77,881 8,500 889,064
----- End of picture text -----

For details of the designated, restricted and endowment funds, see note 8

----- Start of picture text -----
PREVIOUS YEAR 2022
Local Jordans
Meeting Burial
Totals Area Meeting Ground TOTAL
FIXED ASSETS
Investments 27,072 4,275 575,245 606,592 15,929 622,521
Land 8,500 8,500
27,072 0 0 0 4,275 0 575,245 606,592 15,929 8,500 631,021
CURRENT ASSETS
Debtors 0 1,821 1,603 2,997 1,945 0 205 8,571 0 8,571
Cash 7,125 19,201 152,619 102,498 8,858 42,738 21,615 354,654 92,288 446,942
7,125 21,022 154,222 105,495 10,803 42,738 21,820 363,225 92,288 455,513
CURRENT LIABILITIES
Creditors Due within One Year (3,794) (2,730) (480) (4,980) (800) (9,431) (5,205) (27,420) (27,140) (54,560)
Net Current Assets 3,331 18,292 153,742 100,515 10,003 33,307 16,615 335,805 65,148 400,953
Creditors Due after One Year (280) (280) (280)
Net Assets 30,403 18,012 153,742 100,515 14,278 33,307 591,860 942,117 81,077 8,500 1,031,694
FUNDS
Unrestricted- general 403 18,012 8,469 70,777 8,156 33,307 67,180 206,304 60,063 266,367
Unrestricted - designated 30,000 29,738 6,122 426,144 492,004 492,004
Unrestricted - total 30,403 18,012 8,469 100,515 14,278 33,307 493,324 698,308 60,063 758,371
Restricted 145,273 145,273 3,225 8,500 156,998
Endowment 98,536 98,536 17,789 116,325
Total Funds 30,403 18,012 153,742 100,515 14,278 33,307 591,860 942,117 81,077 8,500 1,031,694
Brentford &Isleworth Ealing Hammer- smith Harrow Staines &Egham Uxbridge Westminster
----- End of picture text -----

Page 8

London West Area Quaker Meeting: Consolidated Accounts for year ended 31 December 2023

Note 6 Staff cost and Trustees renumeration and expenses

----- Start of picture text -----
Staff costs: 2023 2022
Salaries & Wages 38,177 37,133
Socal Security Costs 2,862 2,851
Employers contribution to pension scheme 2,097 1,972
TOTAL 43,136 £ 41,956
Recharged to London Quakers Property Trust (£32,211) (£23,979)
Cost to London West Area Meeting £ 10,925 £ 17,977
----- End of picture text -----

The full staff costs are shown because the staff are employees of London West Area Meeting. However the full cost of one member of staff was treated as an expense of hiring and reclaimed from LQPT out of hiring income (see note 5). The cost of the other member of staff was borne by LWAM in 2022 and 50:50 by LWAM and LQPT in 2023.

No employee received total employee benefits (excluding employer pension costs) of more than £60,000 The average number of employees during the year was 2 (2022: 2)

No Charity Trustee received any renumeration or other benefit from the charity or payment of expenses during during the year (2022: Nil) No remuneration was paid to key management personnel during the current or previous year.

Note 7 Related Party Transactions

There are no related party transactions to disclose for 2023 (2022 none)

There are no donations from related parties which are outside the normal course of business or given with conditions

Note 8 Movement in Funds

Note 8 Movement in Funds
Endowment Funds
AM General Purposes
AM "Six Weeks Meeting" Fund
Westminster D &D Lee Memorial Fund
TOTAL endowment funds
Restricted Funds
AM "Six weeks Meeting fund" Income
Hammersmith Building Fund
West End Welcome
Jordans Burial Ground
TOTAL Restricted Funds
Unrestricted Funds
Designated Fund
B&I Meeting House
B&I towards London Citizens
B&I legacy
Ealing Libby's Fund for courses and training
Westminster Bequest Fund
Harrow David Crick legacy to be passed on
Total Designated funds
General Fund
TOTAL Unrestricted
TOTAL FUNDS
S&E towards Spiritual and educational
development of the Meeting		 2023 Transfers
End of
year
(37)
1,645
(364)
16,144

105,468

(401)
123,257

364
0

82,199

3,171
8,500

364
93,870
25,000
0

500
4,687
4,687
6,122

386,502
(29,738)
0		 2022
At start of
year
income
gains
Expend
/losses
1,645
37
16,144
364
98,536
1,878
6,440
(1,386)
116,325
2,279
6,440
(1,386)
0
(364)
145,273
1,310
(64,384)
3,225
6
(60)
8,500
156,998
1,316
(64,808)
25,000
0
5,000
(4,500)
0
6,122
426,144
18,501
(58,143)
29,738		 At start of
year
Income
Gains
Expend
/losses
Trans
End of
year
1,645
6
(6)
1,645
16,144
63
(63)
16,144
117,223
1,386
(19,022)
(1,051)
98,536
135,012
1,455
(19,022)
(1,051)
(69)
116,325
4,166
(4,229)
63
0
153,199
289
(8,215)
145,273
5,395
4
(2,174)
3,225
8,500
8,500
171,260
293
(14,618)
63
156,998
25,000
25,000
500
(500)
0
5,000
5,000
0
0
6,237
(115)
6,122
547,199
(92,871)
(28,184)
426,144
745,194
49,544
(765,000)
29,738
492,004 0
18,501
(62,643)		 (25,051)
422,811		 1,329,130
0
(92,871)
(793,799)
0		 492,004
25,088
249,126
266,367
103,081
8,205
(153,615)		 295,524
92,014
(7,946)
(113,231)
6
266,367
758,371
103,081
26,706
(216,258)		 37 671,937 1,624,654
92,014
(100,817)
(907,030)
6
758,371
1,031,694
106,676
33,146
(282,452)		 0
889,064		 1,930,926
93,762
(119,839)
(922,699)
0 1,031,694

Page 9

London West Area Quaker Meeting: Consolidated Accounts for year ended 31 December 2023

Note 9 Investments

Note 9 Investments
Investments (all Westminster held by except* )
Cash held at Rathbones
British Government stock
Overseas Govt Bonds
High Quality Investment Grade
Goldman Sachs Sovereign Green Bd R Hgd I Inc
NN Investment Partners (LUX)
Total Liquidity
Equity-type risk
Edentree Inv Mgmt Resp & Sust Sterling Bd B Inc
CT UK ICVC Responsible Stg Corp Bond 2
Rathbone Unit Trust Ethical Bond S Inc
Royal London Unit Trust Ethical Bond Z inc
Lombard ODIER Gbl Climate Bd Syst Hgd
Mirova Funds Global Green Bd HSIA
Fixed income total
CIVITAS Social Housing PLC
Home REIT 1p Ord
ABRDN OEIC II UK Ethical Equity Instl
Aegon Asset Mgt Ethical Equity B
CT UK ICVC V Responsible UK Inc 2
Edentree Inv Mgt Resp & Sust Equity B Fund
Janus Henderson UK Responsible Inc I Inc
Aberdeen Standard Fund
Edentree Amity UK B inc
Mayfair Capital Investment Property Inc Trust for charity
B&I
F&C Responsible UK Income Fund (BMO)
AM
Eden Tree UK A Amity Income fund
S&E
COIF Charities Deposit
Uk Investment Companies total
Equity Trustees Fund Services AllianceBern Sust US Inc
Brown Advisory Funds US Sustainable Growth C Inc
Legg Mason Global Funds Clearbridge US Eqty Sust S
Liontrust Investments Ltd SF European growth
Stewart Investors Asia Sustainability B
Stewart Investors Global Sustainability B
Fund partners Ltd Im WHEB Sustainabilty
Impax Funds Environmental Mkts A
Janus Hernderson Investments Gbl Sustainability
Pictet Asset Mgt Gbl Environment Opps J DY Inc
Schroder Investment Mgt Global Energy
Global Investments total
Digital 9 Infrastructure plc
Foresight Sustainable
Greencoat UK Wind plc ord shares
Octopus renewables Infrastructure Trust share
Renewables Infrastructure Npv ord shares
Mayfair Capital Property Inc Trust for Charity
Diversifiers total
Total*
Historical cost carried forward		 4,591
45,559
45,277
9,599
105,026
15,085
15,618
11,917
12,194
54,814
2,131
75,653
75,160
152,944
18,265
16,591
2023		 2022
49,988
35,314
10,192
10,774
106,268
11,308
14,862
15,293
11,388
7,796
60,647
2,209
2,131
42,896
54,367
50,721
47,036
199,360
27,072
15,929
4,275
47,276
246,636
33,993
34,290
6,339
2,867
8,426
23,398
25,583
28,548
7,982
171,426
5,308
2,855
5,624
10,589
4,030
9,138
37,544
622,521
£411,226
4,463
39,319
192,263
76,143
10,175
24,448
9,128
36,339
9,876
6,827
172,936
1,828
1,647
5,606
3,528
8,209
20,818
545,857
£345,168
545,857
£345,168

Page 10

London West Area Quaker Meeting: Consolidated Accounts for year ended 31 December 2023

Note 10 Jordans Burial Ground

Jordans Burial Ground is owned jointly by London West Quaker Area Meeting and North West Quaker Area Meeting. The land was measured at fair value during 2017 at £17,000 and one half of this value is consolidated in these accounts. LWAQM, NWLAQM and Chilterns Area Meeting contribute to the cost of upkeep of the Burial Ground which is managed by a Committee nominated by the 3 Area Meetings

STATEMENT OF FINANCIAL ACTIVITIES

STATEMENT OF FINANCIAL ACTIVITIES
INCOME
Area Meeting Contributions
Donations
Dividends
Digging Fees
Headstones
EXPENDITURE
Upkeep of Burial Ground
Digging fees
Headstones
Paths and Landscaping
Sundries
Bad debt
BALANCE SHEET
Net incoming resources
Movement in debtors
Unrealised gains on investments
NET MOVEMENT IN FUNDS
BALANCE BROUGHT FORWARD
BALANCE CARRIED FORWARD
HELD AS
COIF Charities Ethical investment Fund
Cash at Bank
Debtors
Creditors		 2023
3,300
735
268
790
7,950
13,043
1,698
1,090
8,272
11,060
2023
1,982
622
837
3,441
11,506
14,947
9,366
3,809
1,772
14,947		 2022
2,900
710
266
625
6,144
10,645
3,170
625
6,144
0
0
0
9,939
2022
706
(1,210)
(504)
12,010
11,506
8,529
1,827
1,150
0
11,506

Page 11