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2020-12-31-accounts

Charity Registration No. 1134526

IPSWICH & DISS AREA QUAKER MEETING TRUSTEES’ REPORT AND EXAMINED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2020

IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

CONTENTS Page
Legal and Administrative Information 3
Trustees’ Report 4 – 12
Statement of Trustees’ Responsibilities 13
Independent Examiner’s Report to the Trustees 14
Statement of Financial Activities 15
Balance Sheet 16
Notes to the Accounts 17 – 23
Management Information 24 – 26

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IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

LEGAL AND ADMINISTRATIVE

Trustees: Rachel Bach (resigned 31 March 2020)
David Coutts
Elaine Green, Clerk
Jen Larner
Lucy Pollard
Nicholas Wright, Treasurer
Charity number: 1134526
Registered address: Quaker Meeting House
St Johns Street
Bury St Edmunds
IP33 1SJ
Accountant and David Stephens
Independent Examiner: 13 Newlands Road
Tunbridge Wells, Kent
TN4 9AS
Solicitor: Kerseys Solicitors
32 Lloyds Avenue
Ipswich, Suffolk
IP1 3HD
Holding Trustee of Friends Trusts Limited
Property: Friends House
173 Euston Road
London
NW1 2BJ
Principal Advisors: Rathbone Greenbank Investments
10 Queen Square
Bristol
BS1 4NT
Clark & Simpson Estate Agents
Well Close Square,
Framlingham, Suffolk
IP13 9DU

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IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

TRUSTEES’ REPORT

The trustees present a consolidated report and accounts for the year ended 31 December 2020.

The accounts comply with the charity’s governing document; have been prepared under the historical cost convention, with the exception of investments, which are included at market value, and are in accordance with applicable accounting standards and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102) issued on 16 July 2014.

1 STRUCTURE, GOVERNANCE AND MANAGEMENT

Ipswich & Diss Area Quaker Meeting is part of the Religious Society of Friends (Quakers) in Britain and is a registered charity that is administered and managed in accordance with the Charity Commission Scheme that was adopted on 29 May 2012 and updated on 7 October 2014. The scheme covers the constituent parts of Ipswich & Diss Area Quaker Meeting, which include:

The trustees who served during 2020 are listed on page 3. The Area Meeting appoints new trustees from its 160 members. All trustees receive induction training.

2 PUBLIC BENEFIT, OBJECTIVES AND CHARITABLE ACTIVITIES

The trustees have complied with the duty in section 4 of the Charities Act 2006 to have due regard to guidance published by the Charity Commission on public benefit when reviewing our aims and objectives and in planning our charitable activities.

2.1 General Statement of Public Benefit

Meetings for Worship are held every Sunday at each of our six Local Meetings. Some Meetings for Worship are also held midweek. All these are open to the public and provide opportunities for worship and spiritual growth. Meetings for Worship are also held in prisons, but these are not open to the public.

During the Covid 19 pandemic Meetings for Worship in person have not always been legal or possible. Alternative ways of worship have been found: in gardens, by internet, singly at home at pre-arranged times. These arrangements have been publicly advertised.

The Area Meeting continues to support the vital work of other local, national and international charities through monthly special collections of funds and fundraising events. Chaplaincy support is provided locally to two prisons, a hospital and a university. We run and/or support various activities to promote inter-faith understanding, peace, social justice and equality. All of these activities are our way of putting our faith into action to make a positive impact on the lives of people within both our local and global communities. See Section 2.4 for more details.

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IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

Our four Meeting Houses are available for lettings to community groups, other charities and businesses undertaking charitable activities. As well, 21 St Nicholas Street, Diss, is let to a collective of local craftspeople. This provides a public service by contributing to community cohesion and encouraging the growth of creative businesses. During the Covid 19 pandemic most lettings have not been legal or possible. This has been greatly inconvenient to those groups and considerably decreased our income. We have been able to survive financially by use of the Government's Coronavirus Job Retention Scheme to continue to pay our wardens and cleaners.

2.2 Objectives

2.2.1 Ipswich & Diss Area Quaker Meeting and the Local Meetings

The charitable objectives of Ipswich & Diss Area Meeting and its Local Meetings are to support “the furtherance of the religious and other charitable purposes of the Religious Society of Friends (Quakers) in the area of Ipswich and Diss meeting and beyond.”

2.2.2 Ipswich and Diss Area Meeting Property Charity

The charitable objectives of the Ipswich & Diss Area Meeting Property Charity are to support the “meeting houses and burial grounds of the Religious Society of Friends or for such other charitable purposes of the Society as the Ipswich and Diss Area Meeting may direct and the trustees may think suitable: provided that the trustees may allow persons who are not members of the Society to use the meeting houses and premises and the remains of persons who were not members of the Society to be buried in the burial grounds.”

2.2.3 The Agnes Moss Bequest Trust

The charitable objectives of the Agnes Moss Bequest Trust state that “the income arising from the property or from proceeds of sale of the property are to be applied for such purpose or object (within the legal definition of a charitable purpose or object) as the Area Meeting shall direct.” The property referred to is 21 St Nicholas Street in Diss. The Area Meeting has directed that the trust is to be used 1) by Area Meeting for administration of the trust and for property maintenance and repairs of 21 St Nicholas Street and 2) by Diss Local Meeting for general purposes and property maintenance and repairs of Diss Meeting House, its burial ground and the warden’s house.

2.2.4 The Richard Waynforth Trust

The charitable objectives of the Richard Waynforth Trust are to provide “relief in need for members and attenders of the Area Meeting” through grant making. This relief includes paying for household bills, transport to and from Meetings for Worship, essential home refurbishment, household items and electrical appliances, mobility aids, training to get back to work, emergency travel, respite care and home help. The trust also finances attendance at Britain Yearly Meeting, Junior Yearly Meeting and Yearly Meeting Gathering for members and attenders who would otherwise find it financially difficult to attend. On 7 October 2014, the Charity Commission issued a revised scheme that extends the Trust’s area of benefit to include members and attenders of Waveney & Norfolk Area Meeting and Southern East Anglia Area Meeting.

2.3 Activities in Relation to the Charity’s Objectives

Ipswich & Diss Area Quaker Meeting performs the following activities in relation to its objectives:

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IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

2.4 Charitable Activities for Public Benefit

This section sets out the charitable activities for public benefit as a local church within a national framework. The format adopted reflects the strategic aims of Britain Yearly Meeting, the national body.

2.4.1 Meeting for Worship is the bedrock of living as a Quaker

Whilst places of worship were closed until July, Quakers across Suffolk chose to worship as summarised in paragraph 2.1 above. Many worshippers were shielding for the remainder of the year and participated in collective worship where this was arranged online and accessible to them in their own homes.

At the most restricted times during the year, only three of our Local Meeting felt able to continue regular worship via online video-conferencing or a mix of online and in-person, when it was lawful to do so. Bury St Edmunds and Ipswich Local Meetings were able to support Sunday as well as a mid-week collective worship throughout the year.

In 2020 Diss Meeting offered only in-person worship, as the circumstances allowed, but had online access to neighbouring Meetings for Worship as well as online social exchange and support at other times. When Leiston Meeting House was closed down, on Sundays mornings Friends held silent meetings in their homes at the regular worship time; the Elders suggested for each ‘Meeting’ a passage from the Quaker book of discipline for each worshipper to read. They shared an online social exchange after the worship. Leiston also held shorter Meetings for Worship online on Tuesday mornings and these attracted Friends who do not normally come to the Meeting House for a variety of reasons. From 6th September to 1st November Meetings for Worship in person resumed, whilst throughout the year, Elders and Pastoral Care Friends held their meetings online.

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IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

A number of worshippers in all Local Meetings took the opportunity during 2020 to join other online Quaker worshipping communities; some within the same Area Meeting, some elsewhere within Britain or Europe and some further afield. This has enriched their personal spiritual experience.

Our two Local Meetings who meet for worship on hired premises both lost their existing sites during the first lockdown period of 2020 and had to undertake the task of finding alternatives. One successfully found suitable accommodation but, was prevented from gathering in worship during the remainder 2020 when the new premises were themselves under Covid closure. Woodbridge Friends did not find suitable accommodation and continued to meet online. When restrictions where eased, Friends met at each other’s homes to join the meetings on the virtual platform. Woodbridge Local Meeting set up weekly newsletters and extra phone calls to strengthen Friends’ contact, love and support for each other.

Towards the end of the year, our gathered communities reviewed their particular experiences of their spiritual life under the restrictions. The discernment of the social and spiritual impact of gathering in person or by video-conferencing on the quality of the Quaker form of worship for the individual and the gathered community continues within our Local and Area Meetings. There has emerged a general feeling of a greater sense of community and spirituality for most than there had been prior to the pandemic, but our Meetings are conscious that Friends who cannot or do not wish to participate in online worship have not been well served.

2.4.2 Quaker communities are loving, inclusive and all age

The experience of whole or partial online worship has been reviewed throughout 2020. The practical setting up and operation of video-conferencing via personal and Meeting House equipment presented problems as a new platform and format for collective worship. Overall, the evidence suggests that, as an addition to in person traditional gathering, the format has effectively extended opportunities for worship, spiritual learning and social interaction and wider accessibility has been achieved by mixing formats. Local Meetings have continued working on the practical problems of video sound and vision quality in Friends’ homes and in the Meeting House for a worship offering that is a mix of online and in person though they are realistic about what can be achieved technically. One discouraging indication that emerged was that younger Friends who worked or studied for a greater part of the week online during the varying periods of restriction had no appetite for a virtual Meeting for Worship.

2.4.3 Quaker work collaboratively

Quakers in this Area Meeting have, like other faiths, found it more difficult to cooperate with partners through the more traditional channels. While there were fewer regular activities and events organised through Churches Together after February 2020, a representative from Woodbridge Local Meeting continued to attend and promote online meetings and the Meeting contributed to the local Churches Together Easter video. As meetings moved online however, some work revived, such as the decision by Ipswich and Woodbridge Local Meetings to identify and work with the Sanctuary Everywhere movement, holding their first group meeting in late August. In November, Ipswich and Diss Area Meeting constituted itself as an active Sanctuary meeting.

During the early part of the year the Local Meetings donated collections to the causes they had planned to support. Such financial gifts were restricted to this short portion of 2020 and directed as follows: Empowering Palestinian Women, Bolivia Biosand Water Project (Bury St Edmunds Meeting); Quaker Homeless Action, Freedom from Torture, The Mason Trust (Diss Meeting); Smile Train UK, Anti-Slavery International (Felixstowe Meeting), Phoenix Prison Trust, Refugee Action, War on Want, Red Cross, FIND (Ipswich Meeting); Lighthouse, Prism the Gift, Childhood Trust, Woodbrooke Quaker Study Centre (Woodbridge Meeting).

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IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

2.4.4 All Friends understand and live by Quaker discipline

The requirement to live up to the Quaker testimonies of equality, simplicity and sustainability, peace, integrity and truth has remained but the community has found it more challenging to act on our principles when our main medium of interaction has been online. Elders developed and revised guidance for the proper conduct of online and mixed-format worship to help Friends come to gather in worship with hearts and minds prepared. Other study and discussion groups took place throughout the year to focus on other aspects of discipline such as the quality of business meetings and the discernment required for right decision-making. Spiritual development work is continuing.

2.4.5 Quakers are well known and widely understood

There has been less opportunity in this last year to conduct public events or actions which foster wider understanding of the Quaker faith and practice. Some individuals have attended ecumenical or social action events that have taken place online and have effected some limited personal outreach by doing so.

2.4.6 Quaker values are active in the world

Living out Quaker social witness has been more difficult during 2020. Some individuals were able to attend Black Lives Matter demonstrations during the summer months when lockdown was lifted and have been able to support online campaigns in relations to human rights and environmental concerns.

The decision by Woodbridge Friends described in 2.4.3 above was unusual in 2020 as a whole community act of witness. It was hoped that the Sanctuary meetings initiative might act as a boost to the spiritual life of those involved and act as a catalyst for change.

Quakers in Suffolk look beyond COVID-19 and do not lose sight of other matters such as our Testimony on sustainability and climate change. (See below)

3. SUSTAINABILITY / ENVIRONMENTAL INTERESTS

As individuals and families, Quakers in this Area Meeting continued to uphold by their own actions the Testimony on the earth’s sustainability. This has included care over the purchase, re-use and disposal of plastics, the avoidance of palm oil as an ingredient, an alternative approach to essential travel to reduce the personal and communal carbon footprint and investment in alternative technologies for energy generation. Despite the challenges of online shopping which can limit the marketplace for sustainable goods, Friends have continued to develop habits of buying personal hygiene and laundry products that have a less damaging impact on the environment.

This is the first year that our progress in environmental sustainability has been collated in a standard format for long term monitoring. In the summer of 2020, Bury St Edmunds Local Meeting installed an extra layer of fibre-glass lagging in the roof spaces of the Meeting House, as recommended in the latest Quinquennial Survey's Sustainability Report. Also following that report, Bury Friends enquired into the feasibility of installing secondary double-glazing in the main Meeting Room.

There were regular checks of the Meeting Houses for insurance and Health & Safety purposes. Some Meeting Houses chose to keep the gas boiler running at a lower temperature, especially without knowing during the changing periods of restrictive use how long the premises were going to be out of use. The advice received from heating engineers was not to close down the gas boilers completely during the lockdowns.

Some of our Meeting Houses are now starting to monitor their energy usage, although 2020 was not a typical year against which to benchmark.

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IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

4. FINANCIAL REVIEW

4.1 Principal Funding Sources and Expenditures

4.1.1 Ipswich & Diss Area Quaker Meeting

Ipswich & Diss Area Quaker Meeting’s annual income is primarily from contributions from the members and attenders of its six Local Meetings, Gift Aid and room lettings in its four Meeting Houses. In 2020, it also received £17,151 from the Government's Coronavirus Job Retention Scheme. Additional income occasionally comes from legacies, fundraising and grants. In 2020, the Area Meeting received two legacies totalling £41,854.

The Area Meeting’s support costs include wages for wardens and cleaners, utilities, property repairs and maintenance, furniture and equipment and administration. Governance costs were for accountancy services. Other costs include conferences, payments to other Quaker bodies and outreach and publicity.

4.1.2 Ipswich & Diss Area Meeting Property Charity

Ipswich & Diss Area Meeting Property Charity’s fixed assets are five freehold properties: the Meeting Houses at Bury St Edmunds, Diss, Ipswich (including a warden’s flat) and Leiston as well as a private house in Diss (formerly the warden's house). There are burial grounds at Bury St Edmunds, Diss and Leiston Meeting Houses and former burial grounds at Bredfield, Needham Market and Woodbridge, which is let to Woodbridge Town Council on a repairing lease for 30 years at a peppercorn rent from May 2004. All of the properties and burial grounds are registered with the Land Registry.

The charity also holds a permanently endowed restricted fund, the majority of which has been invested with Rathbone Greenbank. The remainder of the restricted fund’s assets are held with the Co-operative Bank, Ecology Building Society, Triodos Bank and Eastern Savings & Loans. The income from these investments contributes towards the charity’s annual expenditure, which consists of quinquennial surveys and buildings, contents and public liability insurance.

The charity is also responsible for annual recoupment payments. In the late 1980s, land belonging to Ipswich & Diss Monthly Meeting United Charities at Tower Ramparts, Ipswich, was sold for the enlargement of the Marks & Spencer store. Of the approximately £125,000 raised, the Charity Commission gave permission for £103,000 to be spent on refurbishment of the three Meeting Houses then in the Monthly Meeting, as follows:

Date of Scheme Meeting House Sum Spent Annual Repayment
11.08.1986 Bury St Edmunds £16,000 £144
09.03.1987 Ipswich £30,000 £270
13.11.1987 Leiston £57,000 £513

Authorisation to spend the funds was on condition that the sums were recouped over a period of 40 years at the rate of 0.9% per annum with the Official Custodian of Charities. These repayments, totalling £927 a year, are payable until 2026/27. The value held with CCLA was £143,433 on 31 December 2020. When the capital and income become accessible in 2026/27, the capital will be added to the endowment fund of the Ipswich & Diss Area Meeting Property Charity.

Income from the Property Charity is at present insufficient to pay for the maintenance costs of the four Meeting Houses, the private house and the warden’s flat, so these expenses are borne by their Local Meetings or from one of three Meeting House Funds:

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IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

4.1.3 Agnes Moss Bequest Trust

The income for this permanently endowed restricted fund is from the letting of 21 St Nicholas Street in Diss. DesignerMakers21, a collective of local craftspeople, have been renting 21 St Nicholas Street under threeyear leases starting January 2015 and January 2019. They pay utilities and insurance.

The Agnes Moss Bequest Trust’s annual expenditure can include building repairs and governance costs (e.g., legal and estate agent fees) for 21 St Nicholas Street as well as maintenance and repairs costs for Diss Meeting House, its burial ground and private house.

In addition, the trust must pay the cost of buildings and public liability insurance and utilities and council taxes, when 21 St Nicholas Street has no tenant. Diss Local Meeting may also use the fund for general purposes, when required. All cash assets are held with the Co-operative Bank, Ecology Building Society and Eastern Savings & Loans.

If 21 St Nicholas Street is sold, the proceeds will be invested as a permanent endowment fund with the investment income still being used by Diss Local Meeting for general purposes and maintenance and repairs of the Meeting House, burial ground and the private house.

4.1.4 Richard Waynforth Trust

The majority of this permanently endowed restricted fund has been invested with Rathbone Greenbank to produce an annual income for relief-in-need grant-making. The remaining funds are held with the Cooperative Bank, Ecology Building Society and Eastern Savings & Loans. In addition to grants, the fund incurs investment management costs and £500 of support costs annually.

4.2 Reserves Policy

Reserves are that part of a charity's unrestricted income that is freely available to spend on any of the charity's purposes, once it has met its commitments and covered other planned expenditure. Charity law requires any income received by a charity to be spent within a reasonable period from receipt. The Charity Commission advises trustees that they should be able to justify the holding of income as reserves, because reserves levels that are too high may tie up money unnecessarily and reserves that are too low can jeopardise a charity's solvency and its future activities. The trustees have used this guidance, plus a financial risks assessment, to set the reserve levels for the Area Meeting, Local Meetings and linked charities.

The levels of reserve funds for the Area Meeting, Local Meetings and linked charities are assessed annually when the Area Meeting trustees and each Local Meeting review their previous year’s annual accounts and confirm their annual budgets for the coming year. Adjustments to the level of reserves are made as necessary, for instance to cope with inflation. Regular reviews of income versus expenditure help identify peaks and troughs in cash flow and give a warning of when reserves might need to be called on. Trustees review the reserves policy itself triennially.

4.2.1 Ipswich & Diss Area Quaker Meeting and the Local Meetings

Restricted funds, which include endowments and restricted income funds, are excluded from the calculation of reserves for Area Meeting and the Local Meetings, because these funds can only be used for particular purposes--not for the overall charitable purposes of the Area Meeting. The restricted funds excluded from the Area Meeting and Local Meeting reserves are the Agnes Moss Bequest Trust, Richard Waynforth Trust and Ipswich & Diss Area Meeting Property Charity.

Although designated funds are unrestricted, the AM Meeting Houses Fund and the Bury St Edmunds LongTerm Meeting House Maintenance Fund are excluded from the calculation of reserves. These funds are earmarked for a particular use and not for Area Meeting’s overall charitable purposes. The Area Meeting’s

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IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

functional fixed assets (i.e., four Meeting Houses, burial grounds, private house, warden’s flat and 21 St Nicholas Street) are also designated and excluded from the calculation of Area Meeting and Local Meeting reserves.

Any future legacies received for particular purposes, or programme-related investments made solely to fund a planned spending commitment that cannot be met from future income, will be restricted or designated and hence excluded from Area Meeting and Local Meeting reserves.

The equivalent of six months’ expenditure has been agreed as the most that Area Meeting and the Local Meetings should hold in reserve. The Area Meeting’s Reserves Policy provides a calculator for determining the amount of reserves that can be retained each year by the Area Meeting and Local Meetings.

Reserves are not used to fund short-term deficits in a cash budget (e.g., reserve funds are not spent before funding is received), but reserves can be used:

Amounts held in excess of six months’ expenditure are available for discretionary spending, as agreed by Area Meeting or the Local Meeting. Donations can be made to the Bury St Edmunds Long-Term Meeting House Maintenance Fund, the AM Meeting Houses Fund and Britain Yearly Meeting as well as international and national Quaker and Quaker-related charities.

4.2.2 Ipswich and Diss Area Meeting Property Charity For the Ipswich & Diss Area Meeting Property Charity’s restricted fund, the designated AM Meeting Houses Fund and the designated Bury St Edmunds Long-Term Meeting House Maintenance Fund, all unspent income is retained as reserves; there is no discretionary spending. For the past several years, the Ipswich & Diss Area Meeting Property Charity was having to use its restricted fund’s reserves, because the charity’s annual investment income was insufficient to cover its annual expenditures for quinquennial surveys; buildings, contents and public liability insurance and annual recoupment payments (see section 4.1.2). After reviewing possible sources of additional income, the trustees asked the Local Meetings to reimburse their shares of the cost of the buildings, contents and public liability insurance to the Property Charity starting in 2019. All six Local Meetings have agreed. Bury St Edmunds and Leiston Local Meetings have also agreed to reimburse their shares of the recoupment payments. From 2020, any deficit will be met direct from Area Meeting funds.

4.2.3 Agnes Moss Bequest Trust

The Agnes Moss Bequest Trust is a restricted fund for the use of Diss Local Meeting, so all unspent income is retained as reserves; there is no discretionary spending.

4.2.4 Richard Waynforth Trust

The Richard Waynforth Trust is a restricted fund, so all income that is not spent on grant making is retained as reserves; there is no discretionary spending. Because the trust had high reserves, on 7 October 2014, the Charity Commissioned issued a revised scheme that extended the Trust’s area of benefit to include members and attenders of Waveney & Norfolk Area Meeting and Southern East Anglia Area Meeting. Trustees regularly review the grant guidelines to ensure that the scheme is applied most effectively.

4.3 Investment Policy Ipswich & Diss Area Quaker Meeting’s cash assets held in current accounts with the Co-operative Bank and invested in savings accounts with Triodos Bank, Ecology Building Society, Eastern Savings & Loans and CCLA. The restricted, designated and/or endowed funds of the Ipswich & Diss Area Meeting Property Charity

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IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

and Richard Waynforth Trust are invested with Rathbone Greenbank in line with the Trustee Act 2000 and the trust instrument.

Rathbone Greenbank is instructed to manage all of the investments in such a way as to provide sufficient income to enable the Ipswich & Diss Area Meeting Property Charity and the Richard Waynforth Trust to carry out their purposes effectively both in the short term and over the longer term. Where possible, the value of the assets should be enhanced so as to at least keep pace with inflation over the longer term. To this end, the portfolios are managed as follows:

Both portfolios’ performances are monitored against the returns of the APCIMS Income Index, although this index more likely represents performances of medium risk income portfolios without ethical constraints. The appointed investment manager is a suitably authorised person, within the meaning of the Financial Services and Markets Act 2000, of Rathbone Greenbank.

The investment policy is reviewed every two years, or as required, by the trustees to ensure that it remains compatible with the charity’s objects and requirements, particularly those of the Ipswich & Diss Area Meeting Property Charity and the Richard Waynforth Trust. The investment management services provided by Rathbone Greenbank are also formally reviewed every two years, or at such time as deemed appropriate by the trustees.

5 DUE DILIGENCE, RISK MANAGEMENT AND LEGAL COMPLIANCE

The Area Meeting trustees are the managing trustees of the four Meeting Houses, and Friends Trusts Limited is the holding trustee. The Ipswich & Diss Area Meeting Property Charity is responsible for their building, contents and third-party insurance. The third-party insurance also covers Felixstowe and Woodbridge Local Meetings.

The Area Meeting trustees issue a Compliance with Regulations checklist, which has to be completed annually by Local Meetings with Meeting Houses. These Local Meetings are required to report that they have complied with fire, health and safety, gas and electrical regulations as well as the Disability Discrimination Act, employment procedures and other relevant government regulations. From 2020, Local Meetings have also been asked to report on their measures to support the ecological sustainability of their community activities and management of their land and buildings.

For other identified risks and to ensure legal compliance, the Area Meeting follows its formal policies for safeguarding, equality, grant making, data protection, grievances, disciplinary issues, internal financial controls and financial crime, including a fraud policy, fraud response plan and whistle-blowing procedures.

Trustees have a schedule for formally reviewing all Area Meeting policies annually, biennially or when there is a change in legislation. Trustees also ensure that these policies are provided to employees, self-employed staff and Ipswich & Diss Area Meeting members and attenders, as necessary.

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IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

Law applicable to Charities in England and Wales requires the trustees to prepare Financial Statements for each financial year, which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing Financial Statements giving a true and fair view, the trustees should follow best practice and:

The trustees are responsible for keeping accounting records, which disclose with reasonable accuracy the financial position of the Charity and which enable them to ensure that the Financial Statements comply with applicable law and regulations. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

On behalf of the board of trustees:

(signed)

Elaine Green Clerk to Trustees

Date: 17 July 2021

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IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

To the Trustees of the Ipswich and Diss Area Quaker Meeting

I report on the accounts of the charity for the year ended 31 December 2020, which are set on pages 15 to 24.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below.

Independent examiner’s statements

In connection with my examination, no matter has come to my attention:

(signed)

David Stephens FCCA

13 Newlands Road Tunbridge Wells, Kent TN4 9AS

Date: 17 July 2021

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IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

STATEMENT OF FINANCIAL ACTIVITIES 2020 2019
Unrestricted
funds
Restricted
funds
Endowment
funds
Total funds		 Unrestricted
funds		 Restricted
funds
Endowment
funds
Total funds
Notes £
£
£
£		 £ £
£
£
Incoming resources

Incoming resources from generated funds

Donations and legacies
2		 94,234
3,733
-
97,967		 44,412 2,103
-
46,515

Activities for generating funds
3		 30,996
5,000
-
35,996		 74,028 5,000
-
79,028

Investment income
4		 5,016
14,044
-
19,060		 6,296 17,291
-
23,587
Incoming resources from charitable activities

Contributions to conferences		 -
-
-
-		 - -
-
-
Other incoming resources
6		 22,249
-
-
22,249		 23,776 -
-
23,776

Total incoming resources		 152,495
22,777
-
175,272		 148,512 24,394
-
172,906
Resources expended
Cost of generating funds

Investment management costs		 3,007
-
8,080
11,087		 2,988 -
8,129
11,117

Charitable activities
5		 115,383
15,602
-
130,985		 107,723 23,182
-
130,905
Governance costs
7		 1,098
-
-
1,098		 2,217 -
-
2,217
Other resources expended
8		 21,979
-
21,979		 33,432 -
33,432
Total resources expended 141,467
15,602
8,080
165,149		 146,360 23,182
8,129
177,671
Net income for year before transfers 11,028
7,175
-8,129
10,123		 2,152 1,212
-8,129
-4,765
Transfers between funds 1,573
-1,573
-
-		 -427 427
-
-
Net income for the year before other recognised
gains and losses		 12,601
5,602
-8,080
10,123		 1,725 1,639
-8,129
-4,765
Other recognised gains/losses
Gains on investment assets 6,158
12,937
49,883
68,978		 13,860 23,485
157,584
194,929
Net movement in funds 18,759
18,539
149,455
79,101		 15,585 25,124
149,455
190,164
Total funds brought forward 341,071
823,363
1,147,451
2,311,885		 325,486 798,239
997,996
2,121,721

Prior year adjustments		 -
-
-
-		 - -
-
-
Total funds carried forward 359,830
841,902
1,189,254
2,390,986		 341,071 823,363
1,147,451
2,311,885

15 of 26

IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

BALANCE SHEET as at 31 December 2020

2020 2020 2019
Notes £ £ £
-
Fixed assets
Tangible assets
11		 568,595 568,595

Investments
12		 1,501,268 1,442,450
2,069,863 2,011,045
Current assets
Debtors
13		 7,591 9,195
Cash at bank and in hand 320,326 298,423
327,917 307,618
Creditors: amounts falling
due within one year
14		 -6,794 -6,778
Net Current Assets 321,123 300,840
Total assets less current liabilities 2,390,986 2,311,885
Unrestricted funds
15		 359,830 341,070
Restricted funds
15		 841,902 823,364
Endowment funds
15		 1,189,254 1,147,451
16 2,390,986 2,311,885

The accounts were approved by the Board and signed on behalf of the trustees:

(signed)

Nicholas Wright Trustee and Treasurer

Date: 17 July 2021

16 of 26

IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

NOTES TO THE ACCOUNTS

1. Accounting policies

1.1 Basis of preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.

These accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities and with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014.

These are consolidated accounts that include the Area Meeting, the Ipswich and Diss Property Charity, the Agnes Moss Bequest Trust, the Richard Waynforth Trust and the six Local Meetings at Bury St Edmunds, Diss, Felixstowe, Ipswich, Leiston and Woodbridge.

1.2 Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

1.3 Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Costs of generating funds comprise the costs associated with investment management and the investment property. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the accountancy fees and costs linked to the strategic management of the charity.

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of resources.

1.4 Taxation

The charity is exempt from tax on its charitable activities.

1.5 Accumulated funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Included within unrestricted funds are designated funds, which have been put aside at the discretion of the trustees for specific charitable activities.

Restricted funds are subject to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Endowment funds are permanent; income from these funds is normally unrestricted, except for the Richard Waynforth and Agnes Moss Bequest Endowments.

1.6 Investments

Investments are shown at market value. Differences arising on closing market value are taken to the Statement of Financial Activities as an unrealised movement. Income arising from investments is accounted for on an accruals basis.

1.7 Tangible fixed assets

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life as follows: Freehold property - 2% on cost. However, the trustees consider the valuation of the freehold property to be significantly higher than cost and therefore no depreciation has been provided.

17 of 26

IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

NOTES TO THE ACCOUNTS (continued) 2020
2019		 2020
2019
£
£
2.
Donations and legacies
Donations 32,063
33,039
Gift Aid 4,891
6,839
Legacies 41,854
-
Other income 19,159
6,637
97,967
46,515
3.
Activities for generating funds
Fundraising -
97
Hiring of rooms 35,872
78,868
Book and literature sales 124
63
35,996
79,028
4.
Investment income
Interest received 542
1,021
Dividends 18,518
22,566
19,060
23,587
5.
Charitable activities
Wages - wardens, cleaning etc. (Note 10) 46172
41,370
Heat, light and insurance (2019 figure corrected) ,
16,248
19,725
Property rental 314
2,495
Property repairs & maintenance 16,814
13,800
Capital repairs 10,762
19,592
Furniture & equipment repairs and replacements 5,720
6,085
Conference costs (excluding T&S) 1,080
4,343
Travel & subsistence 121
1,539
Outreach and publicity 979
2,402
Sundry administrative costs 2,058
1,114
Grants/Loans 30,717
18,440
130,985
130,905
Number of grants/loans made 37 30
An analysis of the grants is as follows:
Individuals 8,467
Britain Yearly Meeting 8,798
Quaker Charities 2,890
Non Quaker Charities 10,562
30,717

Grants to individuals are all made from the Richard Waynforth Trust under the terms of that trust (see paragraph 2.2.4 of the Trustees' Report).

The Area Meeting requires all room hirers to have public liability insurance in order to hire the Area Meeting’s premises.

18 of 26

IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

NOTES TO THE ACCOUNTS (continued) 2020
2019
£
£
6.
Other incoming resources
Receipts as agent - Britain Yearly Meeting 17,659
14,998
Receipts as agent - Britain Yearly Meeting Gift Aid 2,669
2,329
Receipts as agent - Special Collections 1,921
6,449
22,249
23,776
7.
Governance costs
Independent Examination 900
1,000
Bank charges -
-
Administration 198
1,217
1,098
2,217
8.
Other resources expended
As agent - Britain Yearly Meeting 17,659
14,998
As agent - Britain Yearly Meeting Gift Aid 2,669
2,329
As agent - Special collections 1,921
6,449
Britain Yearly Meeting - Local Meeting Funds -270
9,656
21,979
33,432

An analysis of the resources received and expended as acting as agent follows:

Acting as agent Received Expended
£ £
BYM 20,328 20,328 with £7,559 reflected in 2020 creditors
Quaker Charities 525 525 with £0 reflected in 2020 creditors
Non Quaker Charities 1,396 1,396 with £32 reflected in 2020 creditors

9. Trustees No trustee received any remuneration during this year nor had any personal interest in any contracts or transactions, including related-party transactions, entered into by the charity.

10. Employees

All employees are part-time; the average monthly number of employees during the year was:

Employed Meeting House wardens and cleaners
Wages and salaries
PAYE and National Insurance
Pension contributions		 2020
2019		 2020
2019
8 7
£
£
39,857
34,960
3,752
4,294
2,563
2,116
46,172
41,370

No employee’s annual remuneration was £60,000 or more. Redundancy or termination payments of £1,476.84 were made. No employee contracts are with or are paid by a related party. The pension scheme is with The People's Pension and is offered to all employees. Total pay is used as the definition of salary for pension contributions. The Area Meeting and employee both make a 3.5% pension contribution.

19 of 26

IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

NOTES TO THE ACCOUNTS (continued)

11. Tangible fixed assets

Cost and Net Book Value Freehold property

At 1 January 2020 and 31 December 2020 568,595

The above amount represents the sum spent on the extension of Bury St Edmunds Meeting House. The four Meeting Houses, six burial grounds, warden’s house in Diss and warden’s flat within Ipswich Meeting House are not shown in the accounts. Although no historical cost is available for these properties, the valuations of the four Meeting Houses, the private house and warden’s flat for insurance purposes in 2020/21 are:

Bury St Edmunds
Meeting House
1,432,539
Insurance value
Diss
Meeting House
595,771
Insurance value
Diss
Private House
112,411
Insurance value
Ipswich
Meeting House & Warden’s Flat
1,203,474
Insurance value
Leiston
Meeting House
590,384
Insurance value		 Bury St Edmunds
Meeting House
1,432,539
Insurance value
Diss
Meeting House
595,771
Insurance value
Diss
Private House
112,411
Insurance value
Ipswich
Meeting House & Warden’s Flat
1,203,474
Insurance value
Leiston
Meeting House
590,384
Insurance value
12.
Fixed asset investments		 Cash
Investments
Investment
Property
Total
£
£
£
£
At 1 January 2020
Additions
Disposals
Revaluation
At 31 December 2020
Historical cost		 -
1,207,450
235,000
1,442,450
-
-
-
-
-
-
-
-
-
58,818
-
58,818
-
1,266,268
235,000
1,501,268
-
856,751
-
856,751

Investments are valued by reference to listed investments. An investment with COIF Charities Ethical Investment Fund (accumulation units) represents 10.7% of the listed investments.

The investment property relates to 21 St Nicholas Street in Diss and is revalued by the trustees annually at open market value, as advised by Clark & Simpson Estate Agents and with £5,000 added without advice by Trustees in 2020.

13.
Debtors		 Total 2020
Total 2019
£
£
Gift Aid to be claimed from HMRC 7,559
9,168
Other debtors and prepayments 32
27
Total 7,591
9,195
14.
Creditors: amounts falling due within one year		 Total 2020
Total 2019
£
£
Other creditors and accruals 6,794
6,778
Total 6,794
6,778

20 of 26

IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

NOTES TO THE ACCOUNTS (continued)

15.
Movement in funds		 At 1
January
2020
Prior year
adjustment
Net
movement
in funds
Transfers
between
funds
At 31
December
2020
£
£
£
£
£
Unrestricted funds
Bury St Edmunds Local Meeting 26,440
-
28,708
-9,920
45,228
Diss Local Meeting 4,313
-
-1,246
-2,849
218
Felixstowe Local Meeting 4,242
-
338
-801
3,779
Ipswich Local Meeting 58,304
-
3,827
-3,670
58,461
Leiston Local Meeting 19,146
-
68
-887
18,327
Woodbridge Local Meeting 4,885
-
2,383
-1,387
5,881
Area Meeting 9,746
-
-18,328
22,014
13,432
Bury St Edmunds MH Maintenance Fund 106,895
-
2,636
-
109,531
Ipswich and Diss Property – General 16,906
-
-1,097
-927
14,883
AM Meeting House 90,193
-
-103
-
90,090
341,070
-
17,186
1,573
359,830
Restricted funds
Agnes Moss Bequest 22,184
-
-1,630
2,000
21,814
Richard Waynforth Fund 103,014
-
5,545
-500
108,059
Bury St Edmunds MH Maintenance Fund 568,595
-
-
-
568,595
Property Charity Recoupment Fund 129,571
-
12,937
927
143,434
823,364
-
20,112
-1,573
841,902
Endowment funds
Agnes Moss Bequest 235,000
-
-
-
235,000
Richard Waynforth Fund 751,395
-
37,077
-
788,472
Property Charity Fund 161,056
-
4,726
-
165,782
1,147,451
-
41,803
-
1,189,254
2,311,885
-
79,101
-
2,390,986

The Bury St Edmunds Maintenance Fund consists of unrestricted, but designated, funds and restricted funds held within the Property Charity. The Property Charity consists of unrestricted funds, restricted funds and restricted endowment funds. The restricted endowment fund is invested with Rathbone Greenbank. This portfolio also includes investments for the designated Bury St Edmunds Maintenance Fund and the designated AM Meeting Houses Fund. The trustees have agreed that the income from these Funds’ investments will be spent on capital repairs and maintenance only, and the invested capital will be used only in emergencies.

21 of 26

IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

NOTES TO THE ACCOUNTS (continued)

Net movement in funds, included in the above, is as follows:

Incoming
resources
Resources
expended
Gains and
losses
Net
movement
in funds
£
£
£
£
Unrestricted funds
Bury St Edmunds Local Meeting 66,287
37,579
-
28,708
Diss Local Meeting 11,134
12,380
-
-1,246
Felixstowe Local Meeting 3,193
2,855
-
338
Ipswich Local Meeting 21,137
17,310
-
3,827
Leiston Local Meeting 16,307
16,239
-
68
Woodbridge Local Meeting 11,459
9,076
-
2,383
Area Meeting 18,163
36,491
-
-18,328
Bury St Edmunds MH Maintenance Fund 1,060
601
2,177
2,636
Ipswich and Diss Property – General 2,779
5,680
1,804
-1,097
AM Meeting House 973
3,253
2,177
-103
152,492
141,464
6,158
17,186
Restricted funds
Agnes Moss Bequest 8,766
7,136
-
-1,630
Richard Waynforth Fund 14,012
8,467
-
5,545
Bury St Edmunds MH Maintenance Fund -
-
-
-
Property Charity Recoupment Fund -
-
12,937
12,937
22,778
15,603
12,937
20,112
Endowment funds
Agnes Moss Bequest -
-
-
-
Richard Waynforth Fund -
8,080
45,157
37,077
Property Charity Fund -
-
4,726
4,726
-
8,080
49,883
41,803
175,270
165,147
68,978
79,101
16.
Analysis of net assets between funds		 Unrestricted
funds
Restricted
funds
Endowment
funds
Total
£
£
£
£
Fund balances at 31 December 2020 are:
Fixed assets -
568,595
-
568,595
Fixed asset investments 110,521
201,493
1,189,254
1,501,268
Current assets 256,104
71,813
-
327,917
Creditors: amounts due within one year -6,794
-
-
-6,794
359,831
841,901
1,189,254
2,390,986

22 of 26

IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

NOTES TO THE ACCOUNTS (continued)

17. Local Meeting and Linked Charity Statement of Financial Activities, Balance Sheet and Summary Finances

Bury St
Edmunds
LM
Diss
LM
Felixstowe
LM
Ipswich
LM
Leiston
LM
Wood-
bridge
LM
Area
Meeting
Agnes
Moss
Richard
Waynforth
Property
Charity
Total
£
£
£
£
£
£
£
£
£
£
£
Income 66,287
11,134
3,193
21,137
16,307
11,459
18,163
8,766
14,012
4,812
175,270
Expenses -37,579
-12,380
-2,855
-17,310
-16,239
-9,076
-36,491
-7,136
-16,546
-9,534
-165,146
Gain/loss on investments -
-
-
-
-
-
-
-
45,156
23,820
68,976
Transfers within funds -9,920
-2,849
-801
-3,670
-887
-1,387
22,014
-2,000
-500
-
-
Surplus for year 18,788
-4,095
-463
157
-819
996
3,686
-370
42,122
19,098
79,100
Brought forward balance 26,440
4,313
4,242
58,304
19,146
4,885
9,746
257,184
854,409
1,073,216
2,311,885
Prior year adjustments -
-
1
-
-
-
-
-
-
-
1
Closing balance 45,228
218
3,780
58,461
18,327
5,881
13,432
256,814
896,531
1,092,314
2,390,986
Fixed assets -
-
-
-
-
-
-
-
-
568,595
568,595
Investments -
-
-
-
-
-
-
235,000
846,532
419,736
1,501,268
Cash 43,687
1,187
3,219
57,771
17,926
7,794
12,946
21,814
49,999
103,983
320,326
Debtors 2,090
577
561
1,251
786
1,644
1,386
-
-
-
8,295
Creditors -549
-1,546
-
-561
-385
-3,557
-900
-
-
-
-7,498
Net Assets 45228
218
3,780
58,461
18,327
5,881
13,432
256,814
896,531
1,092,314
2,390,986

The total debtors and creditors figures both include an amount of £1,104 being the sum of amounts owed by Woodbridge and Diss Local Meetings to the Area Meeting.

23 of 26

IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

IPSWICH & DISS AREA QUAKER MEETING MANAGEMENT INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2020

The following pages do not form part of the statutory financial statements.

24 of 26

IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
Restricted
funds
Endowment
funds
Total 2020
£
£
£
£
24,867
-
-
24,867
5,036
-
-
5,036
4,891
-
-
4,891
41,854
-
-
41,854
17,586
1,573
-
19,159
-
2,160
-
2,160		 Total 2019
Incoming resources £
Voluntary income
Contributions for LM funds 25,812
Contributions for AM funds 5,124
Gift Aid reclaimed 6,839
Legacies received -
Grants & donations 6,637
Other sources 2,103
94,234
3,733
-
97,967
-
-
-
-
30,872
5,000
-
35,872
124
-
-
124		 46,515
97
78,868
63
Activities for generating funds
Fundraising
Hiring of rooms
Book and literature sales
30,996
5,000
-
35,996
-
-
-
-
426
116
-
542
4,590
13,928
-
18,518		 79,028
-
1,021
22,566
Investment income
Rents and expenditure recovered
Interest received
Dividends
5,016
14,044
-
19,060
ctivities
-
-
-
-		 23,587
-
Incoming resources from charitable a
Contributions to conferences
-
-
-
-
17,659
-
-
17,659
2,669
-
-
2,669
1,921
-
-
1,921		 -
14,998
2,329
6,449
Other incoming resources
Contributions for BYM funds
Gift Aid for BYM
Receipts as agent - special collections
22,249
-
-
22,249		 23,776
Total incoming resources 152,495
22,777
-
175,272		 172,906

25 of 26

IPSWICH AND DISS AREA QUAKER MEETING FINANCIAL STATEMENTS Year ended 31 December 2020

DETAILED STATEMENT OF FINANCIAL ACTIVITIES (continued)

Unrestricted
funds
Restricted
funds
Endowment
funds
Total 2020
£
£
£
£		 Total 2019
Resources expended £
Investment property costs -
-
-
-		 -
Investment management costs 3,007
-
8,080
11,087
46,172
-
-
46,172
14,075
2,173
-
16,248
314
-
-
314
16,814
-
-
16,814
5,800
4,962
-
10,762
5,720
-
-
5,720
1,080
-
-
1,080
121
-
-
121
979
-
-
979
2,058
-
-
2,058
22,250
-
-
22,250
-
8,467
-
8,467		 11,117
Charitable activities
Wages – wardens, cleaning etc. 41,370
Heat, light and insurance 19,725
Property rental 2,495
Property repairs & maintenance 13,800
Capital repairs 19,592
Furn. & equip. repairs and renewals 6,085
Conference costs (excl T&S) 4,343
Travel & subsistence 1,539
Outreach and publicity 2,402
Sundry administrative and other costs 1,114
Grants/loans to institutions 5,485
Grants to individuals 12,955
115,383
15,602
-
130,985
900
-
-
900
-
-
-
-
198
-
-
198
1,098
-
-
1,098		 130,905
Governance costs 1,000
Accountancy -
Bank charges 1,217
Administration 2,217
17,659
-
-
17,659
2,669
-
-
2,669
1,921
-
-
1,921
-270
-
-
-270
-
-
-
-
21,979
-
-
21,979
14,998
Other resources expended 2,329
BYM contributions 6,449
BYM Gift Aid 9,656
Special contributions -
BYM – Local Meeting Funds 33,432
Other
141,467
15,602
8,080
165,149		 177,671
Total resources expended 11,028
7,175
-8,080
10,123		 -4,765
Net income 14,075
2,173
-
16,248		 19,725

26 of 26