CHARITY REGISTRATION NUMBER: 1134522 Hardshaw and Mann Area Quaker Meeting of the Religious Society of Friends (Quakers) in Britain Annual Report and Financial Statements For the year ended 31 December 2024
Hardshaw and Mann Area Quaker Meeting of the Rellglous Society of Friends (Quakers) In Britsin Annual Report and Flnanclal Statements Y•ar •nded 31 Dècember 2024 Page Trustees. annual report Independent auditorfs report to the Trustees Statement of financial activities 11 Statement of financial position 12 ststement of cash flows 13 Notes to the annual report and financial statements 14 Tho followlng pages do not form part of the annual report and flnanclal statements Detailed statement of financial activities 27
Hardshaw and Mann Area Quaker Meeting of the Religious Soclety of Friends (Quakers) In Britain Trust•. Annual Report Yéar ended 31 Docembar 2024 The trustees pre88nt their report and the Annual Report and financial statements of the charity for Ihe year ended 31 December 2024. Reference and admlnlstratlv• detalll R•gl•t•r•d charlty nam• Hardshaw and Mann Area Quaker Meeting of the Religious Society of Friends (Quakers) in Britain Charlty roglstrntlon numb•r 1134522 Prlnclpal office Quakers Meeting House 22 School Lane Liverpool L13BT Th• trust••• Linda Gibbs (Clerk to Trustees) Shanlhini Cawson {Treasurer) Eric Silk Jai Briedey Lieselottie Van Alwon (Appointed 21 January 2024) Audltor Xaviers Accountants Limlted Chartered Certsfied Accountants & slatulory auditor Sui18 3J Recycling Lives Centre 1A Essox Street Preston PR1 1QE Inv••tm•nl advl•or4 Rathbones Port of Llverpool Buildlng Pier Head Liverpool L3 18W 8ank•rn HSBC, 331 Lord Street, Southport, PR8 1 NJ CAF Bank Ltd, 25 kings Hill Avenue. West Malllng, ME19 4JQ Royal Bank of Scotland. 269 Lord Slr8et, Southport, PR8 1 PH The cOperatIVe 8ank. Delf House. Skelmersdale. WN8 6VrfT TS8, Heathfield Branch. 20 Smlthdown Place. Liverpool. L15 9EW The Co-operative Bank, 1 Balloon Street, Manchester, M60 4EP
Hardshaw and Mann Area Quaker Meeting of the Religious Soclety of Friends (Quakers) in Britain Trustees. Annual Report (¢oniinu•d) Year ended 31 Docomber 2024 struclurn, gov•rnanc• and management The financial statemènts have been prepared in accordance With the accounting policies Set out in note 1 to the financial statements and comply with the charity's goveming document, the Charilies Act 2011 and 'Accounllng and Reportlng by Charoties.. Statement of Recommended Practice applicable 10 charit188 preparing thelr accounts in accordance with the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102). (effective 1 January 2019). The 8ccounts have departed from the Charlties (Accounts and Reports) Regulallons 2008 only to the extent required to provide a true and fair view. This departure has involved followlng the St8t8ment of Recommended Praclice for charitl8s applying FRS 102 rather than the version of the Stst8m8nt of Recommended Practic8 which is r8ferr8d to in the R8gulations but whlch has since been wlthdrawn. Structur•, gov•rnanc• and managoment The organisation was an excepted charity under the Charilies Act 1993. A new (x)nstitution was adopted on 15th November 2009. The organisation became a registered charity on 25 February 2010 under the registered number 1134522. Hard8haw and Mann Area Meetlng18 the name for the organisatlonal unlt of the Quaker Church that encompasses the local meetings in Liverpool. Southport. St Helens. Wigan and th8 Isl8 of Man. It forms part of the Brltaln Yearly Meeting IBYM). It should be noted that the Isle of Man Local Meeting falls outside the jurisdiction of the Charity Commission for England and Wales arKI its financlal 8Ctivltles are subject only to Manx Law and hence no financial inforniatlon conceming Ihis meeting are Induded In in these accounls. The trustees who 8eNed durlw the year and up to the date of 81gnature of the flnanclal statements wer8: Llnda Gibbs (Clerk to Trustees) - Lies81otti8 Van Alwon (Appolnted January 2024) Shanthini Cawson Erlc Silk - Jal 8rlertey Trustees are appolnt8d for 3 year temis by lh8 area meeting. 8t one ol regular meetlngs, after nomlnations are made by the nominations comrnittee. Ideally, Trustees are drawn from the various Ioc81 meetings which make up the chanty. Day to day oper81ion of the Liverpool Frlend's Meeting House Is delegaled by the Trustees to their paid staff with oversighl from Liverpool Finance Property and General Purposes Committee. M•mber•hlp The Religious Society of Friends desses those attendlng Its meetings as either Members or Attender3. Members are those who have forrnally requested to be considered for membership, and have been accepted by the Area Meeting into membership. Attenders are those who have not taken this formal step, but nevertheless gUladY attend meetings for worship. Granl Maklng pollcl•s Hardshaw and Mann Area Meeting makes donations to specrfic charth'es who are undertaking work in accordance with Quaker values and concems. The names of such organisalions are agreed by the Local or Area Meeting as appropriate and donations collected on thelr behalf are pald to each Charty In the financial year.
Hardshaw and Mann Area Quaker Meeting of the Religious Society of Friends (Quakers) in Britain Trustee8' Annual Report (contlnu•d) Year ended 31 Docember 2024 Inve•tment pow•r• and poll¢y At every level of our church govemance Friends must be seen to be above reproach In our corporate, as w811 as personal conduct in respect of finances and property. We hold these assets in twst and the way we use and develop them is an important part of our witness (Quaker faith & practice 14.18). Flnancial advice was obtalned from Rathbones Greenbank Investment Management Ltd. Ethical investment criteria and investment obj'ectives have been agreed. The princip818ims of our Investment policy are: 1) To meet ethlcal and soclally responslble criterla 2) To provlde maximum Income while minimising the risk of real capital loss 3) To maintain diversity Bulldlngs 8re held on b8half of the Area Meating by Friends Twsts Llmll8d (company number., 188362. charity number.. 237698) as custodlan trustee in accordanc* wlth Chapter 14.45 of the Quaker Faith & Practice, Rl•k management We recognise the prlncipal risks to our activities ag.. Falllng attendance.. Although attendance continued to improve, w• are stlll a relatlvety small Area Meeting. This reduces our ability to take part in activrtles which might brlng our Faith to greater attention in the areas we Serve. Dlfficulty in filllng key Quaker volunteer roles.. The Area Meeting and LOCAI Meetings have W0ed to Increase the number of people who may consider taklng roles but are stlll struggllng to tlnd volunteers who can comrnll lo the considerable time required for some key roles. Global Crlse8.' We are aware that continued instabillty in the global 8FtU8tion, with an Incre888 in amied conflict. may affect our investment Income. Memberfs contributions: Members of the Religious Society of Friends (Quakers) are asked to contribute money on a regular basis towards Quaker work which can be used both locally and nationally. If membership continues to fall, then the funds avaiL9ble will be reduced. Tnjstees attend to other risks as follows.. Fr8ud l financlal mlsman8gement: Processes are In place and have been reviewed and 8trength8ned where necessary. Damage to bulldlngs I ground8: Insurance 18 in place. Re8erve8 are compliant with Charity Commission guidance Health and safety of our employees and th058 who use our premlses. Most of the actlvftles undertaken by our employees are considered low risk, and public Ilability insurance and employers compulsory liabillty insurance is provided at each meeting house. Th8 risks Identrfied require consideration bul do not present immedi818 threats lo our Ar88 Meetlng. They are also reflected in other Area Meetlngs of Ihe Brltish Y&8rfy Meetlng and there is plenty of opportunlty to learn from other Area Meetlngs experfence and seek support and guldanca.
Hardshaw and Mann Area Quaker Meeting of the Rellglous Soclety of Friends (Quakers) in Britain Trustees, Annual Report (condnu•dJ Year ended 31 December 2024 ObJ•ctlv•• and actlvltl•• The objecl of the Hardshaw and Mann Area Meeting is the furtherance of the general religious and charitable purposes of the Religious Society of Frlends (Quaker3) in Britain In the are8 of Hardshaw and Mann Area Meeting and beyond. AGhl•vam•nts and wrfornian¢e M••tlng for Wor•hlp and Quak•r proJ•cts In 2024 our area meeting had 95 members of the Religious Soclety of Friends (Quakers) and 86 attenders who regularly attend Meeting for Worshlp but have not yel applied for membership. In accordance wlth our Quaker prlncipal of slmpllclty and 8U8lalnablllty we also contlnue to work wlth various groups who promote these Quaker values. Friends from Chester & Wirral and Hardshaw & Mann Area Meetings gathered in Glenthome ro8identl81 c8ntre in February when many Friends enjoyed a programma of Worship and Fellowshlp. Bursarie8 wer8 8vallabl8 from our funds for those who needed it. The area meeting donated £22.815 to Britain Yearly Meeting to help fund Quaker work both nationally and Intematlonally. and In all our Local Meetings we provide for space for Meetings lor Worshlp on Sundays 8nd mid-week worship. We a180 provide a space lor Healing Prayer groups and Experiment wllh Lighi groups which are both Quaker recognised bodies. We also pay for a room in WwJan Methodist Centre to accommodate Friends from our Wigan local meeting. The trustees have considered the Charity Commission's guidanc on publlc benefft under the Charities Act 2011 and consider that the requirement5 have been met, Organlsatlonal Structur• of the Area M•etlng Staffing roles continue to be reviewed. and additlonal roles wèrè created to ensure that we have an effectlve and profession81 structure to meet our fvture ne8ds. Trusl8es employed an external Human Resources company (Realworld) to revlew our employment procedures and recommended adjustments to ensure that we are complying with best practice. Th8 Audit Commlttee continued to meet in 2024 to manage Ihe accounts audlt process in accordance with audlt govemance regulations of appointing auditors. reviewing and approving audited accounts and r8comm8nding the approval of the audlted accounts to the Trust888. Work Fund Trustees approved the allocation of funds of £5,000 per year to be di8persed to small charltles to whose work promotes the Quaker principles. A working committee has been croated with representatives from all our local Quaker meetings to receive and assess applications an¢J make grants as appropriate.
Hardshaw and Mann Area Quaker Meeting of the Religious Society of Friends (Quakers) in Britain Trustees. Annual Report (conllnu•dJ Year ended 31 D•c8mber 2024 Achl•v•m•nt• and performance Iwidnu•d) Hard8haw Estate• Trust Hardshaw Estates Trust trustoes continued to work on the proposed transfer of St H818n8 8888ts to H8rdshaw & M8nn Aréa Maetlng whlch is proving to be a protracted and complicated process due to the complex hlstorfc property18su8s datlng back to Iha 17th c8ntury. Su•talnablllty One of our Quaker testimonies relates to Sustainability. Both Liverpool Meeting House and Southport Meeting House have Solar Panels fitted which help io reduce their r81iance on other, 1888 8nvironmentally fri8ndly sources of power. All our Meeting Houses use low energy lighl bulbs and 810 frlendly cleaning products. Flnanclal r•vl•w The total Incomlng r8sources of the charty for the year to 31 December 2024 We £591,44212023 - £357,145). The regular Income of Ihe chartty comes largely from the letting of premises to outside groups on weekdays and Saturdays. and the donations of members and att8nder8. In th8 year to 31 December 2024 £409.992 12023 - £333.1591 was derived from lettlng8, £180.591 (2023 £12,818) wa8 derbved from local Quakers, regular giving and collection8. AS at 31 December 2024, the charity had reserve8 of £5,903,522 (2023.. £5,647,320). Included wlthln these r8serves are £371,175 {2023.. £371.479} of restricted funds (see note 22). Included within unrestrlcted funds are flxed assets totalllng £4,882,066 (2023: £4,882,066). These funds can only be reall8ed upon sale of these 888ets. Included wlthln restrlcted funds are Inv8Stmenl8 totalling £366,398 (2023.. £147,356). These fundg can only be realised upon sale of these ass8ts. The charity had free raseNes of as at 31 December 2024 £650,279 {2023'. £393,775). R•••rv•s pollcy Together wlth Rathl)on8 Greenbank Inv8Stments we contlnued to revlew our Investmeni pollcy to strength8n the retums. We are satisfi&d that we hav8 sufficient reseNes to cover Ihe maintenance of our Meetlng Hou888 and to cover fluctuations In lettlng and other Income which 18 needed to cover Sala88 and related 8mploym8nt costs for up to 12 months runnlng costs. Plan• for fvtur• p•rlod• Prlorltles for the futur• - Continue to work with Hardshaw Est8les trustees to achieve the transfer of funds 8rKI responslbllitl88 to Hard8haw and Mann Area Meetlng. - Tran8fer funds from our Isle of Man local meeting into Rathbone8 investment account. To support area meeting to continue our Quaker work in ac£ordance with our beliefs and testlmonies.
Hardshaw and Mann Area Quaker Meeting of the Rellgious Soclety of Frlends (Quakers) In Britsin Tru•t•o•' Annual Report (conllnu•d) Year end•d 31 December 2024 Tru•t•••' r••pon•lbllltl•• •tstomont The trustees are responsible for preparing the Trustees, Report and the finandal statements in accordance with applicable law and United Kingdom Accounting Standards Including Financial Reporting Standard 102: The FlnanGial Reporting Stsndard applicable in the UK and R8publlc of Ireland (Unrted Klngdom Generally Accepted Accounllng Practlc8). The law applicable to charities in England and Wales requires the charity trustees to prepare Annual Report and fin8nclal statements lor each year which give a true and fair view of the stale of affairs of the charity and of the incoming r880urc8s and applicatlon of r880ur¢e8, of the charity lor that period. In preparing these Annual Report and financial statements. the trustees are required to: select suitable 8ccountlng policies and then app them consl8tently: ob88N8 the m8thods and prlndpl88 In the appllcabl8 Charitkgs SORP; make Judgments and accountlng estlmates that are reasonable and prudent: state whether applicable UK Accounting Standards have been followed, subject to any materlal departures disclosed and explained in the Annual Report and financial statements,. prepare the Annual Report and financial statements on the golng concem basis unless li is inapproprlate to presume thal the charty wlll continue in business. The Irustees are responsible for keeping adequate accounting records that are sufflcient to show and explain the charity's transactions and disclos8 with reasonable accuracy at any time the financial K)sition of the charity and enable them lo ensure that the Annual Report and financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulatlons. and the Pfovisions of the Trust Deed. They are also responsible for safeguarding th8 assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularitles. Th8 tru8tee8' annual r8POrt W88 approved and Signed on behalf of the board of trustees by: on (Tr•asur•r) Dat•: 21 l Of12D2
Hardshaw and Mann Area Quaker Meeting of the Religlous Soclety of Friends (Quakers) In Britsin Indepondent Audltorfs Report to the Trustees of Hardshaw and Mann Area Quaker Meeting of the Religious Soclety of Friends (Quakers) In Brltsln Year ended 31 December 2024 Oplnlon We have audlted the Annual Report and flnanclal statements ol Hardshaw and Mann Area Quaker Meeting of the Religious Society of Friends {Quakers) in Britain (the 'charlty') for the year ended 31 December 2024 which comprise the statement of financial activities, Statement of financial position, statement of cash flows and the related notes. including a summary of 5ignificanl accounting policies. The financial reporting framework that has been applied in their pparatiOn is applicable law and United Kingdom Accounting Standanls. induding FRS 102 The Financial Reporting Standard applicable In Ihe UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice}. In our 0nIOn the Annual Report and financial statements: give 8 Irue and fair view of the state of the chariV8 affairs as 8t 31 December 2024 and of Its incoming resources 8nd application of resources, including its Income and expendituTr, for the ye8r then ended: havo been properly prep8rod in accordance with United Kingdom Generally Accepted Accountlng Practlce.. have been prepared In accordance wlth the requlrernents of the charfe& Act 2011. Ba•1• lor oplnlon We conducted our audit in accordance with Intemats'onal Standards on Auditing (UK) IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditorfs responsibilities for the audit of the annual report and finanrA815tatements section ol our report. We are independent of the charity in accordance with the ethical requirnents that are relevant to our audit of the Annual Report and financial ststements in the UK. including the FRC'S Elhical Standard. and we have fulfilled our othef ethical responsibilities in 8ccnrdance with these qUireMents. We believe that the audit evidence we have obtained is sufficient and appropriate to Pfovide a basis for our opinion. Conclu•lon• relatlng to golng concern In audlting the Annual Report and financial statements, we have conclud8d that the trustw, use of the golng concem basis of accounting In the preparatlon of th8 Annual Rèport and financlal 8tatements is appropriate. 88sed on the work we have perfomied, we have nol idenbfied any matenal uncertaints'es relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of al least twelve months from when the Annual Report and flnanclal ststements are authorlsed for issue. Our responsibilities arid the responsibilities of the trustees wlth re8pe¢t to going conc8m are described In the relevant sections of this report.
Hardshaw and Mann Area Quaker Meeting of the Religious Soclety of Friends (Quakers) in Britain Independent Audltorfs Report to the Trustees of Hardshaw and Mann Area Quaker Mootlng of the Rellglous Society of Frlends (Quakers) In Brltaln (conlln(Md) Year ended 31 December 2024 Oth•r Inforniatlon The other Infomiatlon comprlses the Infomatlon Included In the annual report. other than the Annu81 Report and financial stslements and our auditor's report thereon. The trustees are responslble for Ihe other Infomiatlon. Our oplnion on the Annual Report and financlal statements does not cover the other information and. except to the extent otherwise explicitly slated In our report, we do not express any fonn of assurance conclusion Ihereon. In connectlon wlth our audlt of Ihe Annual Report and financial statements. our responsibilty Is to road the other Information and, In dolng so, consider whether the other information is malerially Inconslslent wlth the Annual Report and financlal ststements or our knowledge obtained in the audit or otherwise appears to be materially mi8Staled. If we identify such material inconsistencie5 or apparent materfal misstatements, we are required lo determine whether there is a material misslatement in the Annual Report and financial statements or a material misstatement of the other information. If, based on the work we have perfoTrned. we conclude that there is a material misstatement ol this other infomiatK)n, we are required to report that fact. We hava nothlng to report In thls rngard. Matt•r• on whlch w• ar• r•qulr•d to r•port by •xc•ptlon In the Ilght of the knowledge and understanding of the charity and its environment obtained In the course of the audit. we have not identlfied matenal misstatements In the truste8s' report. We have nothing to report in respect of th8 fdlowing matters in relation to which the Charities Act 2011 require8 US to report to you il, in our opinion: the Infomiatlon glven In the trust8es' roport18 Inconsistent In any material respect th the Annual Report and financial statements., or adequate accounting records have not been kept; or the Annual Report and finanrial statements are not in agreernènt with the accounting records and returns., or we have not recelved all the Infomatlon and explanatlons we requlre for our audlt. R••ponslbllftle• of tru•t••s AS explained more lully In the trustees. responsibilities 8tatement, the tru8lees are regponsible for the preparation of the Annual Report and financial statements and for being satisfied Ihal they give a true and fair view, and for such inlemal control as the trustees detemiine is necessary to enable the preparation of Annual Report and financial statements that are frpe from material mi88tatem8nt, whether due to fraud or error. In preparlng the Annual Report and tlnanclal statements. the trustees are responsible for assesslng the charity's abillty to contsnue as a going concem, disclosing, as appllcable. matters related to golng conc8m and uslng the going concem basis of accountlng unless the trustees either inl8nO to Ilquld8te the charity or to cease operatSons, or have no realistic altemative bul to do so.
Hardshaw and Mann Area Quaker Meeting of the Rellgious Society of Friends (Quakers) in Britain Independent Auditofs Report to the Trustees of Hardshaw and Mann Area Quakar Meetlng of the Rellglous Soclety of Frlends (Quakers) In Brltaln (¢onllnu•¢lJ Year ended 31 December 2024 AudIt0* r•sponslbllltl•• lor th• audll of th• annual report and flnanclal statements We hav8 b88n appolnted as audltors under sectlon 144 of the Charllles Act 2011 and report In accordance with regulations made under sectK•n 154 of that Act. Our objectives are lo obtain reasonable assurance about whether the financial stalements as a whole are free from malerial misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audlt conducted in accordance wlth ISAS {UKI will always detect a material misstatement when bt exlsts. Misstatements can ariso from fraud or error and are considered materlal If, Individually or In the aggregale, Ihey could reasonably be expected to influence tho economlc decl8ion8 of users taken on the basi8 of the88 financlal stalernents. Irregularitles. Including fraud, are instances of nonqcompliance with laws and gUlatiOns. We design procedures in line with our responsibilities, outlined above, to delect material misstatements in respect of irregularities, including fraud. The extent lo whlch our procedures are cap8ble of d8t8Cting Irregularities. induding fraud is detailed below.. Capabillty of the audit In detecting irregularities In Klentifying and assessing risks of material misstatement in respect of irregularitle5, Induding fraud arKJ non-compliance with laws and regulations, our procedures included the following.. We enqulred of management, which Included obtalnlng and r8viewlng supporting documenlatlon. concerning the charity's policie8 and procedures relating to.. Identifying, evaluating, and complying with laws and regulations and whether they wère aware of any Instances of non-compliance; Detecting and responding to the ri8ks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud; The internal controls establlshed to mltigate risks related to fraud or non-compllance wtth law8 and regulatlons. - We Inspected the mlnutes of meetings of those charged wlth govemanco. We obtalned an understanding of the legal and regulatory framework that the charlty operate81n. focusing on those laws and regulatlons that had a material effect on the financlal statements or that had a fundamental effect on the operations of the charity from our professlonal and sector experlence. - We communlcated applicabl8 laws and regulatlons throughout the audlt team and remalned alert to any Indlcations of noncornpliance throughout the audlt. - We rewewed any pOrtS made to regulator8. We revlewed the fin8nc181 statement dlsclosures and tested these to 8UPPOrtlng documenlatlon 10 assess compliance with applicable laws and regulations. We perfomied analytical procedures to idenlfy any unusu81 or unexpected r•lationshlp8 that may indicate risks of material misstatement due lo fraud. In addressing the risk of fraud through management oveId9 of controls. we lested the
Hardshaw and Mann Area Quaker Meetlng of the Religious Soclety of Friends (Quakers) in Britain Independent Audltorfs Report to the Trustees of Hardshaw and Mann Area Quaker Meetlng of the Rellgious Soclety of Friends (Quakers) In Brltaln (¢onlInd) Year ended 31 December 2024 appropriateness of joumal entries and other adjustments. assessed whether the judgements made in making accounting e8tim8les are indicative of a potential bias and tested snIficant transaclions that are unu8U81 or th08e outside the nwnal course of business. Becau88 of the Inherent Ilmltatlons of an audlt. there 18 a rlsk thal we wlll not detect all Irregularflie8, including those leading to a material misstatement in Ihe financial statements or noncompliance with regulation. This risk increases Ihe more thal cornpliance with a law or regulatlon is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instsnces of non-compliance. The risk is also greater regarding irrogularities occurring due to Iraud rather than error. as fraud involves intentional concealment, forgery. colluslon. omission or misrepresentstion. A further description of our responsibilities for the audit of Ihe financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description fomis part of our auditorfs report. We communlcate wth those charged wlth govemance r6g8rdlng, among other matters, the planned SCOP8 and timing of the audit and snIficant audit findings. includlng any slgnlficant deficiencles In Intemal control that we identSfy during our audlt. U8• ol our r•port Thls r8POrt is made solely to the charlty's trustees. as a body, In accordance with section 144 of the Charities Act 2011 and regulation8 made under sectK)n 154 of that Act. Our audit work has been undertaken so that we might stale to the charity's trustees those matters we are required to state to them in an audltofs report and for no other purpose. To the fullest exient Pemiltted by law, we do not accept or assume responsibility lo anyone other than the charity 8nd the charity's trustees a8 a body. for our audit work. for this report, or for Ihe opinions we have fomied. I, U) L Xavl•r• A¢¢ountant• Llmlt•d Chartor•d C•rtlfled Account•nts & statutory audltor Sulte 3J Recycling Llves Centre IA Essex Street Preston PR1 1QE Date: 2 2 %¢ Xavlers Accountants Lirnlted Is eligible for appointment 88 auditor of the charity by virtue of its 8llglbllty for appolntment a8 auditor of 8 company under Section 1212 of the Companlas Act 2006. 10
Hardshaw and Mann Area Quaker Meeting of the Religlous Soclety of Friends (Quakers) in Britain Statement of Flnancial Actlvltles Year ended 31 Decémber 2024 2024 Reslrided funds Total lund• Total funds 2023 Unrestricted funds Not• Incom• and •ndowmont8 Donations and legacies Other trading activitles Investment income Oiher income 160,591 409,992 8,782 8,011 160,591 409.992 12,848 8,011 591,442 12.818 333.159 4,943 6,225 Total Incom• 587,376 4,066 357,145 Exp•ndlture Expenditure on raising funds: Costs of other trading activities Investment management cost8 Expenditure on charitable 8cts'vilies Total oxpendlturn {251,344) (251,344) <219,053) (3.769) (2.085) (79.526) (63,281 > (3.769) (334,639) (284,419) (3.769) 10,11 (79.5261 (330.870) Net (lossesygains on investments 13 {601) (601) 8,931 N•t Income and net movement In funds 256.506 (304) 256.202 81,657 Roconclllallon of funds Total funds brought forward Total lund• carrl•d forward 5.275,841 371.479 5.647,320 5,565,663 22 5,532,347 371,175 5.903,522 5,647,320 The statement of finanaal activltles includes all gains and108888 recognised In the year. All income and expenditure derive from continuing activities. Tho not•• on pag•• 14 to 25 fom p•rt of th•M Annual R•port and flnanclal •tst•m•nt•. 11
Hardshaw and Mann Area Quaker Meetlng of the Religious Soclety of Friends (Quakers) in Britain Statement of Flnancial Posltlon 31 December 2024 2024 2023 Not• Flxed as••t• Tangible fixed as8els Investments 17 4,882,088 18 366,398 4,882,066 147,356 5,248,464 5.029.422 Curr•nt a•••ts Debtors Cash at bank and In hand 19 27,209 673.138 700.347 64,221 598,291 662,512 Cr•dltor•: •mount• fallln9 due wlthln one year N•t curr•nt a•s•ts 20 {45,289) 655.058 (44,614) 617,898 Total a•••t• l•• currnnt Ilabllltl•s 5,903.522 5,647,320 N•t ass•t• 5,9)3,522 5.647.320 Fund• ol th• charlty Restricted funds Unrestricted fund8 371,175 5.532,347 371,479 5,275,841 Total charlty funds 22 5.903,522 5,647,320 These Annual Report and financlal statements were approved by the board of trust88S and author168d for18sue and are 8igned on behalf ol the board by: on (Tr•a•ur•rl rustso Dat•: 21loq l 26zr Th• not•• on pag0• 14 to 25 lorm part of th•• Annual R•port and fin•nclal •1•t•m•nt•. 12
Hardshaw and Mann Area Quaker Meeting of the Religious Society of Friends (Quakers) in Britain Statement of Cash Flows Year ended 31 December 2024 2024 2023 Cash flows from operallng actlvltle• Net income 256.202 81,657 Adjustments for.. Net (losse8Vgains on Invèstments Dlvidends, inlerest and rents from investments Olher interest recelvable and similar Income Accrued expenses (2,694> (4,066) {8,782) 9.256 114,977) (1 ,382) (3,561 > 10,157 Changes In.. Trade and other debtors Trade and other credltors 36.847 (8.416) 278,347 (15.590> (6,176 50,128 C88h generated from operation8 Interest recelved 8.782 3,561 Net cash from operatlng acttvltlos 287,129 53,889 Cash flow• frorn Inve8tlng acllvltle8 Dlviden(Is, interest and rents from Investments Purchases ol other investments Proceeds from s81e of other Investments 4.066 (278,016) 61,668 1,382 (2,182) 8.931 Nel cash (used inyfrom investlng aclivitles (212.2821 8,131 Not Incr•a•• In cash and cagh oqulval•nt8 Ca•h and ca•h •qulvalents at b•glnnlng of yoar Ca•h and ca•h •qulval•nt• at •nd of y•ar 74,847 598,291 81,820 536,471 673.138 598.291 Tho not•s on pag•8 14 to 25 ft+rm part of th••• Annual R•port •nd fin¥n¢l•l •lat•m•nts. 13
Hardshaw and Mann Area Quaker Meetlng of the Religious Society of Friends (Quakers) in Britain Note• to the Annual Report and Flnanclal Statemènts Year ended 31 December 2024 Ganeral Inforniatlon The charity is a public benefit ents'ty and a registered Charity in England and Wales and is unlncofporat8d. The address of the principal office is Quaker Meeting House. 22 SGhool Lane, Llverpool. L138T. ststement of ¢ompllanc• Th88e Annual Report and financlal statements have been prepared In compllance with FRS 102, The Financlal R8POrting Standard applicablè In the UK and the Republlc of Ireland,, the ststem8nt 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 1021 (Charities SORP {FRS 102)) and Ihe Charities Act 2011. Accountlng pollcl•s Ba•1• of pr•paratlon The Annual Report and financial statements are prepared In sterllng. whlch Is the functional currency of the entity. Tho chadty has taken advantsge of the provl$k>ns In the SORP for charille8 not to pr8pare a Statement of Cash Flows. The financi81 siatemenls have departed from the Charities (Accounls and Reports) Regulatlons 2008 only to the extent required to provide a Irue and fair view. This departure has Involved followlng the Statement of Recommended Practice for charlti88 applying FRS 102 rather than the vefslon of the Statement of Recommended Pr8Ctlce, which Is referred to In the Regulatlons, but which has since b88n withdrawn. The financial statements have been prepared under the historical cost convention, modified to Include the revaluation of freehold properties and to include investment properties and certaln financial instruments at fair value. The principal accounting policies adopted are sel out below. Golng conc•m At the time of approving the financial statements. the trust888 h&rfe a reasonable expectation that the charity has adequat8 resources to conlinue in operational exislence for the foreseeable future. Thus, the tnjstoos continue to adopt the going concem basis of accounting in preparing the fin8ncial statements. Judg•m•nt• and koy •ourcM of ••tlmatlon uncartalnty In the applicalion of the charfty's accountlng pollcles, the trustees are required to make judgements, eslimates and assumptions about the carying amount of assels and liabilities that are not readily apparent from other sources. The estimates and associated assumption5 8re based on historical experience 8nd other factors that are c(sIdered to be r8lev8nt. Actual results may differ from these astimates. The estlmales 8nd undedylng as8umptlons are revlewed on an ongolng b8sI8, Revlsions to accountlng estimates are recognised In the period In whlch the estimate Is revised where ethe revlslon affects only that period. or in the perlod of the revi8ion and luture perlods where the revislon affects both current and future periods. 14
Hardshaw and Mann Area Quaker Meeting of the Religious Soclety of Friends (Quakers) in Britain Not•B to the Annual Report and Flnanclal Statements f¢4¥Jllnu•d) Year onded 31 Décomber 2024 Accountlng pollcl•s (¢onllnu•é) Taxatlon The charlty benefits from varlous exemption8 from taxation afforde(I by tax legislatlon an(1 18 not liable to corporation tsx on income or gains falling within those exemptions. Irrecov8rable VAT Is charged ag81nst tha category ol exp8ndltur• for whlch It was Incurred. Fund accountlng Unrestrlcted funds are available for use al the discretion of the trustees to further any of the chanty's purpos8s. Restricted funds are subj'ect to specrfic conditions by donor5 as to how they may be used. The purposes and uses of the restricted funds are set out in Ihe notes to the financial ststements. Cash and cash •qulval•nt• Cash and cash 8quivalen15 include cash in hand, deposits held at call with banks, other short-temi Ilquid inveslments with original maturilies of three months or less. and bank overdrafts, Bank overdrafts are shown within borrowings in current liabilities. Incomlng r•sourc•s Income 18 recognised when the charlty is legally enlitled lo it after any perforniance conditions have been met, the amunt8 can be measured reliably, and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Ald or deeds of covenant Is recognised at the tlme of the don8tion. Granls, where entluement 18 not condltional on the dellvery of a specitlc pertomiance of the charlty, are recognised when the charlty becomes unconditionally entlled to Ihe grant, Grants are credlt8d to the Statement of Flnancial Activlt18s In the year In whlch they are recelvable. Incorne is deferred only where the charity ha8 to fulfil condltK)n8 before becomlng entitled to it or where the donor h88 specified that the income rJ to bee expend•d in a tuture perfod. The charity received substantial amounts ol voluntary help from Its members, On average each member volunteered of 115 hours per year giving a total of 10,925 hours voluntary servic8. However, no attempt is made to place a financial value on these services, and they have not been included in the financial figures. Divldends and Interest are accounted for when due and payabl8. Interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognised In the same accounting year. 15
Hardshaw and Mann Area Quaker Meeting of the Religious Society of Friends (Quakers) in Britain Notes to the Annual Report and Flnanclal Statements (¢ondnu•d) Year ended 31 December 2024 Accountlng poll¢le• {¢onllnu•d) R•sourc•• •xpond•d Grants and donatlons are accounted for when paid over. or when awarded, if that award places a bindlng obligation on the charlty. All 6xpan888 relating to fundr8lslng, publlclty. public relations and Investment management charges ar8 treated as ralslng funds. Charltable activllles comprise those costs incurred by the charity in d611very of Its a¢tlvitles and 8eTrices for its beneficiaries. It includes both the costs that can ba all¢Jc8ted directly to such activitie8 and tho80 costs of an indirect nature necessary to support them. Support costs include 8taffing and premlses costs and are allocated behveen Quaker actlvitl68 and generating funds by estlm8ting the percentage of time rne8ting houses are used for Quaker aclivities and hirings. Tanglbl• a•••t• Tanglble fixed assets are initially measured at cost aThJ subsequently measured at cost or valuation. net of depreciation and any impairnient losses. All equlpment, flxiures and fittlngs wlth an orlgln81 cost ol les8 than £10,000 are wrltten off In the year in which the expendlture was Incurred on the basis that due to the nature of the ch8rity'8 actlvrties, Ihere is no exp8Ctation that the costs of the assets will be recovered in the way of future revenues. Depreclation is recognised so as to wrile off the cost or valuatlon of ass8ts 1888 thdr r88ldu81 values over thelr useful lives on the following bases.. Freehold18nd and buildings Fixtures and fittings Not depreciated - 20% on cosl The value of buildings are shown at estimated values and are not depreciated as the trustees are of the opinlon that these values are maintained by day to day maintenance costs Incurred and any depreciation in relation lo the meeting houses is considered immaterial. The buildings are also considered to have a useful life of more than 50 years, 80 any depreciatlon charge is consldered immaterlal. The galn or loss arfslng on d18PO8al of an asset Is determlned a8 the difference b6t4veen the 8ale proceeds and the carrying value of the asset and is rgcognised In the statement of financlal activiti88. Inv••tm•nt• Fixed asset investments are inltially me8sure8 at transaction pric8 excluding transact6on c08ts and are subsequently rneasud at fair value at each reporting date. Changes in lalr value are recognlsed In net incom81{expendltura) for the year. Tran8action costs are expensed as Incurred. 16
Hardshaw and Mann Area Quaker Meeting of the Religious Society of Friends (Quakars) in Britain Notes to the Annual Report and Flnanclal Statements (conllnu•d) Year ended 31 December 2024 Accounllng pollclos (contlnu•dJ Impalrmont of flx•d assots At each reporting end date. the charity reviews the carrying amounts of its tangible assets to delennine whether there is any indication that Ih05e assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the assets is ests'mated in order to detennine the extent of the Impairment loss lif any). Flnanclal In•trum•nt• The charity has elected lo apply the provisions of Section 11 '8asic Financial Instruments. and Section 12 '0ther Financi81 Instruments Issues, of FRS 102 to all its financial Instruments, Flnanci81 instruments are recognised in the charlty's balance sheet when the charity becomes paty to the contractual provlslons of the instrument. Flnancial assets and Ilabllltl88 are offset, with the net amounts presented In the financlal 8tat8ments, when th8r8 is a18gally enforceable right to set off the r8cognised amounts and th8r8 Is an intantion to settla on a net basis or to reali88 the asset and 88tt18 the Ilabillty Simultaneously. Baslc financlal assets, which include debtors and cash and bank balance, are Inttlally m6asurad at transacbon price including transaction costs and are subsequenlly carried al amortised cost uslng the effectlve Interest method unless the arrangement constltutes a flnancing transactlon. where the Iransaction is measured al the pr8S8nt valu8 of th8 future receipt8 discounled at market rate of Inter88t, Financlal assets classified as receivable wlthin one year are not amortlsed. Basic financial liabilitie8, Including creditors and bank loans are kniti811y recognlsed at transactlon price unless th8 arrangement constitutes 8 financing transacti¢, where the debt instrument is measud at the present Value of th8 future payments discounted at a market rate of interest. Financi81 li8bilitie8 classified as payable within one year are not 8mortiS8d. Debt instruments are subsequently carried at amortlsed cost. Using the effective Interest rate method. Trade credStors are obllgatlons to pay for goods or servlcas that have baen acquired In the ordlnary course of operations from 8uppll8rs. Amounts payable are classlfied 88 current Ilablliti08 rf payment is due within one year or less. If not. they aro presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost Using the effectlve interest method. Flnanclal IlabilltS88 8r8 derecogni8ed when the charlty's contractual obllgatlons explre or are dlscharoed or cancelled. 17
Hardshaw and Mann Area Quaker Meetlng of the Rellglous Soclety of Friends (Quakers) in Britain Notes to the Annual Report and Flnancial Ststements (¢ryJllnu•d) Y•ar and•d 31 December 2024 Accountlng pollcle• iwntlnu•dJ Dofin•d contrlbutlon plans Payments to defined contribution retirement benefit scheme8 are charged as an expense as they fall du8. Employ•• b•n•flts The cost of any unused holiday enlitlemenl Is recognised in the period In whlch the ernployee's services are received. Tennination benefits are recognised immediately 8$ an expense when the charity is demonstrably committed to tenninate the employment of an employee or to provide termination b8n8fits. Donatlons and l•gacl•s Unrestricted Totsl Fund• Unrestricted Total Funds Funds 2024 Funds 2023 Donatlon• Donations and gifts 160.591 160.591 12,818 12,818 Donations include £150,000 (2023.. £nll) reCeed Irom the Is18 of Man Local Quaker Meetlng. non-UK Meeting fomially part of Hardshaw and Mann Area Meetlng. Olh•r tradlng actlvltl•• Unrestrlcled Total Funds Unrestricted Total FurKIs Funds 2024 Funds 2023 Meetlng house hirings and car park rentals Trading actlvty income: other 330.751 79.241 330,751 79,241 255,567 77,592 255,567 77,592 409,992 409,992 333,159 333.159 Inve•tmont Incom• Unrestricted Funds Restricted Total Funds Fund8 2024 Income from listed Investments Interest receN8ble 4.086 4,066 8.782 8,782 8.782 4,066 12.848 18
Hardshaw and Mann Area Quaker Meeting of the Rellglous Soclety of Friends (Quakers) in Britain Notes to the Annual Report and Flnancial Statements (conWnu•d) Year onded 31 December 2024 Inv•8tmenl Income (¢onllnu•d) Unfestricted Funds Restricted Total Funds Funds 2023 Income from listed investments Interest recelvable 1.382 1,382 3,561 3,$81 3,561 1.382 4,943 Olhor Incom• Unrestricted Total Funds Unrestricted Total Funds Fund8 2024 Funds 2023 Other Income 8,011 8,011 6.225 6.225 Costs of other tradlng actlvltlas Unre8lricted Total Fund• Unrestricted Total Fund8 Fund6 2024 Funds 2023 C08ts of other tradlng actlvlties 251,344 251.344 219.053 219,053 Support costs are split between costs of tradlng activities £251,34412023: £219.053) and cost of charitable activities - support costs (Note 12)- £49,00512023: £56.9(M)) based on the level of hirings at each meeting house, Inv•8tm•nt manag•m•nt Costs Restrided Total Fund• Funds 2024 Restricted Total Fund8 Funds 2023 Portfolio management 3.769 3,789 2.085 2,085 10. EXndItur0 on charllablo •ctlvttle• by fund typ• Unrestricted Total Funds Unrestrlcted Total Funds Funds 2024 Funds 2023 Outr68d), publicity, new81ett8r Travel Donatlon8 to Brltaln Yearty Meeting (BYMI Donatlons lo non-Quaker bodles Sundrles Support costs 5,125 130 5.125 130 1,292 195 1.292 195 22.815 (2841 2,735 49,005 22.815 {284) 2,735 49.005 2,165 2,165 2,533 56,900 2,533 56,900 79,526 79,526 83,281 83,281 19
Hardshaw and Mann Area Quaker Meeting of the Religious Soclety of Frlends (Quakers) in Britain Not•• to tho Annual Report and Financlal Statements (¢ontlnu•dJ Yoar ended 31 Docember 2024 11. Expendltur• on charltable actlvltle• by actlvlty typo Religious activities Support costs Total funds 2024 Totsl fund 2023 Outreach, publlclty, nowsl8tter Travel Donatlon8 to Brltaln Yaarfy Meeting (BYM) Donations to non-Quaker bodies Sundries Support Costs Govemance costs 5.125 130 5,125 130 1,292 195 22,815 (284) 2.735 22,815 1284) 2.735 40,523 8,482 2,165 196 2,533 42.922 13,978 40.523 8,482 30,521 49,005 79,526 63,281 12. Analy•l8 of support costs Analy8is of support costs Total 2024 Totsl 2023 22.659 22.659 19.008 13,213 13,213 15,085 581 581 276 4.070 4.070 8,555 8.482 8,482 13,976 Staff costs Premises Communications and IT General office Govamance costs 49,005 49,005 56,900 13. N•t {1098e•>lgalns on Inv•8tm•nts Restricted Total Funds Funds 2024 Restricted Totsl Funds Funds 2023 Gainsl(losses) on listed investments (601) (601) 8.931 8,931 14. Audltor• r•mun•ratlon 2024 2023 Fees payable for the 8udlt of Ihe annual report and fin8nci81 statements 3,500 3,500 Fees payable to the chantys auditor and its associates for other 8er¥ice8: Other nOn-aUd ser4lce8 2,250 2,000 20
Hardshaw and Mann Area Quaker Meeting of the Religlous Soclety of Friends (Quakers) in Britain Not•• to the Annual Report and Flnancial Statements (contlnu•d) Year onded 31 Decembor 2024 15. Staff co•t• The total staff costs and employee benefits for the reporting perlod are analysed as follows.. 2024 2023 Wages 8nd s8larl8s Social s8curlty costs Empk)yer contributlons to penslon plans Other employee benefits 175,284 7,839 4,110 160 146.797 5.329 3,087 187,393 155,713 The average head count of employees during the year was 12 (2023: 11). No employ88 received 8rnploye8 benefits of more than £60,OtKJ durlng the year {2023: NII). 16. Tru•t•e r•mun•rntlon and •xpen••• None of the tru8t888 (or any persons connected with them) recelv8d any r8muner8don or b8n8fits from the charfty during the year (2023: £nll). 17. Tanglblo flx•d a•8et• Freehold Flxtures and propety fittings Totsl Cost At 1 January 2024 and 31 Dec•mb•r 2024 D•pro¢latlon At 1 January 2024 and 31 Dec•mbor 2024 Carrylng amount At 31 Docomber 2024 4.882.066 146.864 5.028.930 146,864 146.864 4,882,066 4,882,066 At 310ecemb8r 2023 4,882,066 4,882,066 The fr88hold prop6rt1es carded In the accounts conslst of Meellng Houses and Burlal Grounds and the lille deeds 8re held in the name of Friends Trusts Limited. Historical costs were not known and the cost values were based on reinslatement values for insurance purposes. which were considered to represent deemed cost on transition to FRS102 at 1 January 2014. The value of th888 bulldlngs are not depreclated as th8 trust888 ar8 of the oplnlon that th8S8 values are maintained by day-to4ay maint8nance costs incurrad and any d8pr8ciation Is immatertal. The freehold land and buildings are held by a custodian trustee, Frlends Trusts Llmlted (company nurnber 188362, charity number 237698) In accordance with Chapter 14.45 of the Quaker faith & practice. 21
Hardshaw and Mann Area Quaker Meeting of the Rellglous Soclety of Friends (Quakers) in Britain Note• to the Annual Report and Flnanclal Statemonts (contlnu•dJ Year •nded 31 Docember 2024 18. Invmtments Cash or cash Listed equivalents investments Total Co8t or valuatlon At 1 January 2024 Addltlons Dl8posals Fair value movements Net movement In cash 11.304 136,052 278.016 (62,269} (4,293) 147,356 278,016 {62,269) <4,293) 7,588 At 31 D•comb•r 2024 18.892 347,506 366.398 Impalrnient At 1 January 2024 and 31 DK•mb•r 2024 Carrylng amount At 31 D•cèmb•r 2024 18,892 11.304 347.506 366,398 At 31 December 2023 136.052 147,356 All Investmants shown above are hold al valuation. Fln•nclal a•••ts h•ld at falr value Hlstorlcal cost of the Listed Investrnents Included atK)ve was £321,02612023: £83.383). 19. D•btor• 2024 2023 Trade debtors Prepayments and accrued income Olher debtors 21,600 4,433 1.176 54.765 5.221 4,235 64,221 27,209 20. Cr•dltor•: amounts falllng du• wlthln on• y•ar 2024 2023 Trade credltor8 Accruals and deferred Income Social security and other tax08 Other creditors 11.168 32.687 570 18,745 23,596 2,273 45,289 44.614 22
Hardshaw and Mann Area Quaker Meeting of the Religious Soclety of Friends (Quakers) in Britain Notes to the Annual Report and Flnancial Statements (contlnu Year ended 31 December 2024 21. P•nslon• and other post rntlr•mènt beneflts Dned contrlbutlon plan8 The amount recognised in income or expendituro as an expense in relation to defined contribution plans was £4,110 (2023.. £3,087). The charlty operat&8 a defined contribution pension scheme for all quallfylng employ888. The assets of Ihe scheme 8r8 held separately from those of the charlty In an Independently administered fund. 22. Analy•l• of charltable lund• Unrnstrlct•d fund• Galns and At losses 31 D•c 2024 At 1 Jan 2024 Income Expendllure General fund8 5,275,841 587.376 (330,870) 5,532.347 Galns and At losses 31 Dec 2023 At 1 Jan 2023 Income Expendilure General funds 5,202.412 355.763 (282,3341 5,275.841 De8ign8ted lunds: During the year the sum of £150,000 was recelved from the Isle of Man Local Qu8k8r M88ting, a non-UK meeting formally part of Hardshaw and Mann Ar88 Me8ting and Included In the general funds. The transfer was mad8 In th8 Inlerests of Improved gov8m8nce of the Isle of Man Local Quaker Meeting and of the Area Meeting, particularty wlth the increased complexty of banking regulations. The funds are Hardshaw and Mann Area Meeting funds and are not restrictad but are held for the benefit of the Isle of Man Meeting. R••trlct•d funds Gains and At losse3 31 D•c 2024 Al 1 Jan 2024 Income Expendilure Re8trlct8d Fund 1 Hallet & Young Fund 371.479 4.066 {3.7691 1601> 371.175 Gains and At losses 31 Dec 2023 At 1 Jan 2023 Income Exp8ndilure Restricled Fund 1 Hallet & Young Fund 363,251 1.382 (2,0851 8,931 371,479 23
Hardshaw and Mann Area Quaker Meeting of the Religlous Soclety of Friends (Quakers) in Britain Notes to the Annual R8POrt and Flnancial Statemonts (¢onllnu Year ended 31 December 2024 22. Analys18 of charltabl• funds {contlnu•dJ H•ll•t & Young Fund This fund is for charitable purposes in respeci of 8pwfic costs incurred by the LNerpool Local Meeting declded upon by that meetlng. Transfers from Re8trlcted lunds to Unrestricted funds £Nil (2023.. £Nil) relate to the net rental income recelved from the Wlg8n Meeting House to off88t the Llverpool Local Meeting Hou88 Costs in accordance with the dono¢s wishes. 23. Analy•l• of nol a•Mts between funds Unrestrfcted Funds Restrlcted Total Funds Funds 2024 Tangible fixed assets Investments Curr8nt assets Creditors less than 1 year N•t a•••t• 4.882,066 4,882.066 366,398 700.347 {45.289) 5.903,522 366,398 4,777 695.570 <45,2891 5.532,347 371,175 Unrestrlcted Funds Reslrlcted Tot81 Funds Funds 2023 T8nglble fixed assets Investments Current assets Credltors less than 1 year N•t a•••t• 4.882,066 4,882.066 147.356 662,512 <44.614) 5.647.320 147,356 224,123 438,389 {44.614) 5,275,841 371,479 24. Flnanclal Instruments The carrying amount lor each category of financial instrument is as follows: 2024 2023 Flnanclal a•••ts that ar• d•bt In•trum•nts m•asur•d at amortl••d cost Financial assets that are debt Instruments measured at amrtised 08t 695,914 657.291 Flnanclal a••ets that ar• •qulty Instruments m•a•ur•d at cost l••• Impalm•nt Financial assets that are equity instruments measured at cost less impairment 366,398 147,538 Flnanclal Ilabllltlos measured at amortlsed cost Financial liabilities measured at amortised cost 45,289 44.614 24
Hardshaw and Mann Area Quaker Meeting of the Rellglous Soclety of Friends (Quakers) in Britain Notes to the Annual Report and Financial Ststements (¢onllnu•d) Year ended 31 Decomber 2024 25. Analy•l• ol ¢hang•• In net debt At At 1 Jan 2024 Cash flows 31 De¢ 2024 Ca8h at bank and In hand 598,291 74,847 673,138 26. R•lat•d partles During the year the charity donated £22,815 (2023: £2.165) to the Britsln Yearly Meetlng of the Religious Society of Friends {Quakers), charity number: 1127633. Thi8 charkty acts as an umbrella organisats'on for all Area Meetings. During 2024 and 2023 the charity occupied, on a rent free basis, Quaker meeting houses in Southport and St Helens. The Southport building and the Liverpool building are owned by Friends Trusts Limited, charity number 237698 and the Sl Helens building is owned by Society of Friends- Hardshaw Estates Charities. charity number 223418. 25
Hardshaw and Mann Area Quaker Meeting of the Religlous Soclety of Friends (Quakers) in Britain Management Infomiation Yoar ended 31 December 2024 Th• followlng pages do not forni part of th• annual r•port and flnanclal •tatomonl•. 26
Hardshaw and Mann Area Quaker Meeting of the Rellglous Soclety of Friends (Quakers) In Britain Detall•d Statement of Flnanclal Actlvlties Year ended 31 December 2024 2024 2023 Income and ondowments Donatlons and legacles Donations and gifts 160,591 12.818 Othor tradlng actlvltl•8 Meeting house hirings and car park rent818 Trading activity income.. other 330,751 79,241 255,567 77,592 409.992 333,159 Inv••tm•nt In¢om• Income from listed investments Int8re8t receivable 4,066 8.782 1.382 3.561 12,848 4.943 Othor Incomo Other income 8,011 6.225 Total Income 591,442 357,145 27
Hardshaw and Mann Area Quaker Meeting of the Rellgious Society of Friends (Quakers) in Britain Dotallod Ststament of Flnanclal Actlvltles (contlnu•d) Yoar ondod 31 December 2024 2024 2023 Exp•ndlture Costs of oth•r tradlng actlvltl•• Wages and s81aries Employerfs NIC Pension costs Other employee benefits Llght and heat Repairs and malntenance Insurance Legal and professlonal fee8 Telephone Other office costs (153,836> (129.131) (7,055) (4,796) (3,699) (2,778) (144) (27,660) (23,046) (17,403) (14,977) (7,064) (6,080) (997) 1545) (5,232) (2,481) (28,254) (35.219) (251,3441 {219,053) Inve8trn•nt managem•nt co•ts Portfollo management (3.769) <2.085) Expendlture on charltablo actlvttl•s Wages and salaries Employerfs NIC Penslon costs Other employee b8nafit8 Rent Llght and heat Repairs and malntenance Insurance Legal and professlonal fees Telephone Other olfice costs (21.448) (784) (411) (16) (650) (6,671) (4,612) (1.280) (8,593) 1581 > (34.480) (79,526) (17,666) 1533> 1309> 1500> 17111 (8,858) (4.343) (1.171) {14.039) (276) {14,875) (63,281) Total •xp•ndltur• {334,639) (284,419) N•t (10$808)Igalns on Invostments Gainsl(losses) an listed investmen18 {801) 8,931 N•t Incom• 258.202 81.657 28