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2020-12-31-accounts

NW LONDON AREA QUAKER MEETING

(RELIGIOUS SOCIETY OF FRIENDS)

https://nwlondon.quakermeeting.org/

Charity registered no. 1134529

The Trustees Annual Report: 1 January to 31 December 2020

1. Administration:

Clerk of the trustees: Tim Heath 89 Corringham Road London NW11 7DL 07910673114 clerknwlondon@gmail.com

The Meeting's main bank accounts are held at CAFBANK 25 Kings Hill Ave, Kings Hill, West Malling, Kent ME19 4JQ Tel : 0300 123 000

Our investments are detailed in the accounts and are held by:

Friends Trusts Ltd Friends House, 173 Euston Road, London NW1 2BJ Tel : 020 7663 1000

Our Meeting Houses are maintained and held in trust by: London Quakers Property Trust Friends House, 173 Euston Road, London NW1 2BJ

Independent Examiner of the accounts: David Stephens (Chartered Certified Accountant) 13 Newlands Road Tunbridge Wells Kent, TN4 9AS

2. Governance

The original governing document of the charity was adopted by the Area Meeting on 13 September 2007. The charity was registered on 26 February 2010 and its Registration Number is 1134529. The governing document was revised on 27 March 2019 and approved by the Charity Commission. It is published on our website.

The trustees, and the clerk of trustees are appointed from our membership by the Area Meeting at a Meeting for Worship for Business. They are required to read the guidance published by the Charity Commission and are encouraged to attend training courses provided by the Quaker Study Centre at Woodbrooke.

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3. Trustees and Key Officers

The Trustees are:

Alan Asay Charles Robertson Christopher Loveday David Hickok Diktynna Warren John Shinebourne Kimmett Edgar Louise Rendle Rod Harper Tim Heath

The key officers in 2019 were:

Tim Heath – clerk Alan Asay – assistant clerk (membership) David Hickok – treasurer

4. Membership

In 2020 there were 171 people in membership and another 171 people attend regularly (the two numbers are identical by chance).

5. Objectives of the Charity

Under the terms of our governing document, the object of the charity is the furtherance of the general religious and charitable purposes of the Religious Society of Friends (Quakers) in Britain, in the area of North West London Area Quaker Meeting and beyond.

6. Public Benefit

Consideration has been given by the Trustees to the Charity Commission's guidance on public benefit and in particular to the specific guidance on charities for the advancement of religion and is evidenced in the Clerk’s Report.

7. Risk Assessments, Safeguarding and the Pandemic

The Charity maintains a Risk Register and a Policy for Safeguarding Children and Young People and Vulnerable Adults, which are both reviewed annually. There have been no serious incidents during the year. The Trustees traditionally meet twice a year, however during 2020 we met on six occasions because of the impact of the global pandemic upon our statutory responsibilities.

8. Meeting Houses and Burial Ground

The charity meets at five locations in North West London: Finchley, Euston, Golders Green, Hampstead and Muswell Hill. Members may be buried or have their ashes scattered in the Quaker burial ground at Jordans in Buckinghamshire that we jointly own with London West Area Meeting.

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9. Employees and Property

The charity has no employees and owns no buildings. Its Meeting Houses are vested in an independent charitable company The London Quakers Property Trust.

10. Report of the Clerk

The Quaker religion was born out of civil war and nurtured in a time of plague and so the pandemic of 2020 has shaken us to our roots.

Our faith is grounded in a Meeting for Worship, one of the wonders of the spiritual world, where people gather in silence and wait in stillness. There is no one in charge, no hierarchy, no litany, no liturgy. A person who arrives at a Meeting for the first time might be forgiven for being perplexed – what is going on? And yet this puzzlement mirrors our troubled world – what on earth is going on?

During Covid we have been challenged. The Religious Society of Friends has had to lay-down and re-invent many of our traditions. Yet we have faced this with determination and success, embracing the technology of video meetings while recalling our escape from ‘Steeple Houses’ - a Meeting does not require a church or house.

Most of us have adopted Zoom, some with difficulty, others with ease, and this has enabled Friends to escape geographical constraints and gather from all corners of the globe. Our five local meetings in North West London have welcomed worshippers from Australia, America, South Africa, Europe, Singapore, Thailand and beyond. When government restrictions allowed we have tried blending the Zoom Meetings with traditional Meetings, but success requires more investment in technology than most of our local Meetings have access to at present.

Sadly we have said farewell to Friends who have laid down their body without us being able to gather in person. And the missing national gatherings of Friends from across the UK have been a great loss, especially for our young people. We have also been unable to offer hospitality to many of the community groups that use our Meeting Houses during the week, and in consequence our income has reduced, but our giving has increased.

During Lockdown the gardens of two of our Meeting Houses have been renovated and replanted. And this has energised our commitment to the crisis in our planet’s climate.

Our solitariness under Lockdown has perhaps helped to question the separateness we impose on others, in particular the racism that the Black Lives Matter movement has challenged and brought to the attention of each of us.

Reading groups, poetry sessions and our newsletters have flourished while our support for refugees, the homeless and the oppressed have become by necessity more financial than hands-on.

Our sociability has grown virtually, with virtual lunches and Internet study groups, and though the Quaker handshake has disappeared for the moment, the open windows in our Meeting Houses have brought a fresh wind of change. We attend to what love requires of us.

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11. Report of the Treasurer

ACCOUNTS 2020

North West London Area Quaker Meeting continues to enjoy a solid financial position. After reviewing the consolidated 2020 annual financial statements and expected cash-flows from recurring donations, I can also confirm that North West London Area Quaker Meeting as a whole is a going concern and has adequate reserves.

Net consolidated assets (AM and LM) at year-end rose to £236,781 from £227,796 in 2019. This was largely due to a large decrease in conference and meeting running expenses as a result of pandemic lockdowns, partially offset by an increase in donations to Woodbrooke and other Quaker bodies, and an increase in donations. In the face of a pandemic, our members and attenders donated more.

Total consolidated income in 2020 was £100,068 up from £95,612 in 2019. But 2019 included High Leigh fees of almost £6000. So without those 2019 fees income was up by roughly £11,000 from 2019.

Total expenditures and transfers in 2020 were £88,306, against £98,423 in 2019. 2020 included £10,600 in donations to Woodbrooke and other Quaker bodies compared to £4050 in 2019. 2019 included High Leigh and other conference costs of about £17,000 that were not incurred in 2020.

Because our meeting houses were closed for much of 2020, net rentals paid to LQPT plummeted from over £60,000 in 2019 to a negative figure in 2020, so that LQPT actually subsidised our meeting house maintenance cost by roughly £5,000. As our Meeting houses reopen in 2021 we will hopefully return to being a net contributor to LQPT.

At year-end 2018 Edgware Local Meeting was closed. Its members joined either Finchley or Golders Green Local Meeting. London Quakers Property Trust (LQPT) directly took over all lettings activity at the Edgware premises and Area Meeting took over the Edgware investment portfolio with effect on 1 January 2019. Once all other outstanding payments to LQPT and other creditors were cleared over the course of 2019 its remaining cash reserves at year-end 2019 were transferred to Finchley and Golders Green Local Meetings in 2020.

2021 Sole Accounts

The North West London Area Quaker Meeting Sole Accounts detail the money received and spent by Area Meeting (as opposed to Local Meetings) during 2019 and 2020 and shows the financial positions at year-end 2019 and 2020. The Sole Accounts cover the Area Meeting’s General Fund, which consists primarily of funds transferred by Local Meetings, and the Area Meeting’s Designated and Restricted Funds. The Sole Accounts also show payments made by Local Meetings to Area Meeting and passed on to London Quakers Property Trust.

The General Fund is used to cover Area Meeting expenses. The Area Meeting’s Designated Inreach/Outreach Fund is primarily devoted to Inreach/Outreach. After the transfer of the Kindlers activities to York in 2018 and the spend-down of the London Friends Programmed Meeting Fund, there was only one Restricted Fund account at year-end 2020 which contained third-party grants - the Quaker Quest (Euston) account.

The AM General Fund

The AM General Fund received £36,655 from Local Meetings in 2019 and £37,078 in 2020. Quota sent by Area Meeting to LQPT was £29,896 in 2020.

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AM General Fund expenses in 2020 included:

At year-end 2020 the AM General Fund contained £7620 up from £5981 in 2019.

– Designated Funds Inreach/Outreach

The Inreach/Outreach fund was established in 2007 and has been funded with money received from the release of centuries old endowment funds whose purpose had become outdated, the sale of a share in the old Jordan’s guest house and legacies.

The Inreach/Outreach fund is earmarked for spiritual development as well as for inreach and outreach by our Local Meetings or the Area Meeting. It was agreed that starting in 2016 participation in young people’s events and representation of the AM at Quaker conferences will be funded from the Inreach/Outreach fund.

In 2020, the Inreach/Outreach Fund had investment income of £2,073. At year-end its investments were valued at £75,315 compared to £77,155 in 2019. During 2019 the Fund received £2,429 in investment income.

In 2019 the Inreach/Outreach Fund spent a total amount of £11,731 on High Leigh and children and conference activities and received £5,898 in fees towards High Leigh, so that its net expense was £5,833.

Due to the pandemic, in 2020 the Fund only spent £987, of which £500 was a donation to Woodbrooke conference centre, which had been closed down. The fund balance at year-end was £75,315.

The Area Meeting has the discretion to undesignate the Inreach/Outreach Fund or to designate it for other purposes.

Restricted Funds

Quaker Quest (Euston) essentially only operated online during most of 2020 and had minimal income and expenses. At year-end the QQE account held £2808 compared to £2760 in 2019.

Over the course of 2019 the London Friends Programmed Meeting for Worship Restricted Fund expended the balance of its funds held in an AM account on attending High Leigh.

Golders Green has two restricted funds: the Loftus Hare fund to be used to support the children of Golders Green LM and the Elisabeth Brown fund to support attendance at retreats by all AM members. These funds are reported in the consolidated AM accounts.

2020 Consolidated Accounts

The consolidated accounts bring together the AM Sole Accounts (General Fund, the Designated Fund for Inreach/Outreach and the Restricted Fund) with the individual accounts from each of the Local Meetings. Each Local Meeting approves its own accounts at a Meeting for Business. Funds held by Local Meetings are shown as Designated Funds in the AM Consolidated Accounts until

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actually transferred to Area Meeting since until that time the funds held by a particular meeting are designated for use by that meeting.

Local Meetings

Details of the income and expenditure of the Local Meetings are set forth in Note 2 to the AM Consolidated Accounts.

Total Local Meeting receipts in 2020 were £97,060 including a £4000 legacy to Hampstead LM, versus £85,103 in 2019 comprised of donations, collections and gift aid.

Total consolidated (AM and LM) receipts in 2020 were £100,068, £95,612 in 2019.

Total consolidated (AM and LM) expenses before donations in 2020 were £39,717 and £60,924 in 2019. The largest single expense in both years was the Quota paid to LQPT, £29,896 in 2020. In 2019 High Leigh and other conferences and courses expense amounted to £17,170. In 2020 due to the pandemic the comparable expenses were £2,685, but donations to Woodbrooke and other Quaker charities increased by roughly £6,500.

Local Meetings transferred a total of £35,540 to Britain Yearly Meeting (BYM) in 2020 and £31,500 in 2019. (Hampstead LM transferred an additional £7000 to BYM in early January 2019 to top up its 2018 donations so the real difference between years was actually not large.)

Total 2020 donations to other Quaker charities were £10,597 compared to £4053 in 2019, largely reflecting increased donations to Woodbrooke and other charities closed down by the pandemic.

Net lettings paid directly to LQPT amounted to £61,425 in 2019. Letting income largely disappeared for most of 2020 because our Meeting houses were closed as a result of pandemic lockdowns. As a result in 2020 LQPT ended up subsidising meeting house maintenance costs by £5921 using its own reserves.

At year-end 2020 Local Meetings had total funds (excluding the £22,277 Golders Green Restricted Loftus Hare Fund and £7,760 Elisabeth Brown Fund) of £121,001 compared to £112,559 in 2019.

After taking into account debtors (roughly £17,000, mostly Gift Aid on 2020 donations not yet claimed) and creditors (£7,649), total consolidated assets less liabilities at year-end 2020 amounted to £236,781, of which £129,872 was held in cash and £97,542 in investments.

Jordan’s Burial Ground

Our Area Meeting inherited a 50% ownership interest in Jordan’s Burial Ground at Jordans in Buckinghamshire. A 2018 valuation estimated a £17,000 market value for this land.

The Burial Ground is managed by a committee composed of representatives of three Area Meetings (the owners North West London AM and West London AM and the local Chilterns AM which is also allowed to use it). Each year each AM contributes roughly one third of any net operating loss as projected and set by the Burial Ground Committee.

The total contributions by all three AMs set for 2020 amounted to £2,250.

The Jordans Burial Ground accounts are prepared by or on behalf of the committee and are examined by a separate examiner. We have received the accounts for 2020, but have not ourselves reviewed any committee financial records.

During 2020 Jordans engaged in a substantial renovation of paths and landscaping at the Burial Ground, costing £19,424 largely funded by a donation campaign.

According to the accounts that we have received, in 2020 the Burial Ground operations had £24,400 in donations and other revenues (including contributions by the AMs) compared to £7,882 in 2019, and expenses of £26,576 compared to £8,197 in 2019. This resulted in a net

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operating loss of £ 2176, which will be taken into account by the committee in setting our contributions for 2022.

At year-end 2020 the Jordans Burial Ground operation had reserves of £11,693 including cash at CAF Bank of £3,100 and units in COIF Charities Ethical Investment Fund valued at £8,583. The use of these reserves is controlled by the joint Burial Ground committee. As these funds are not controlled by our Area Meeting they have not been fully consolidated in our accounts.

The Trustees Annual Report is signed on behalf of the Trustees

Tim Heath David Hickok Tim Heath, Clerk David Hickok, Treasurer

22 September 2021

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NORTH WEST LONDON AREA QUAKER MEETING (Religious Society of Friends)

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020

Charity Number 1134529

NORTH WEST LONDON AREA QUAKER MEETING (Religious Society of Friends)

Consolidated Financial Statements

Statement of Financial Activities for the year ended 31 Dec 2020

`

Notes AM General Fund Designated Funds
( Note 1)		 Restricted Funds AM General Fund AM General Fund Designated Funds
( Note 1)		 Restricted Funds
2020 2019
SOFA
INCOME
Donations
17
Charitable activities
Investment Income
Other income - literature, b&b & other sales
Total incoming resources
EXPENDITURE
CHARITABLE EXPENDITURE
Activities:
LQPT Quota
Conferences & Courses
20
Library & literature
Meeting Running Expenses
21
Other
16
Bank charges
Premises not chargeable to LQPT
Donations, Subs etc. sent:
To Yearly Meeting
To Other Quaker
13
To Non Quaker
14
Subscriptions
Total donations etc.
Governance
8
TOTAL RESOURCES USED
INCOMING RESOURCES less
RESOURCES USED before transfers
Transfers and Investment
Transfers to AM from LM
15
Transfer between funds
15
Acting as Agent In
5
Acting as Agent Out
Realised gains/-losses on investments
Unrealised gains/-losses on investments
7
Total transfers and gains
CHANGES IN RESOURCES
Balance B/F at 1 January
Balance C/F at 31st December
REPRESENTED BY:
Current assets
Debtors
9
Cash at bank & in hand
Total current assets
LESS creditors due within 1 year
10
Current assets less current liabilities
Fixed Assets: Investments
7
TOTAL ASSETS LESS LIABILITIES		 0
95,876
316
96,192
0
38
0
38
1
2,170
523
2,694
0
1,087
57
1,144

1
99,171
896100,068
29,896
0
29,896
0
2,685
0
2,685
0
501
0
501
118
663
781
2,756
2,549
339
5,644
60
150
210
32,830
6,548
339
39,717
0
366
366
0
35,450
0
35,450
1,340
9,257
0
10,597
501
501
0
405
405
1,340
45,613
0
46,953
34,170
52,527
339
87,036
1,270
1,270
35,440
52,527
339
88,306
-35,439
46,644
557
11,762
36,936
-36,936
0
142
-142
0
0
0
11,546
11,546
-11,546
-11,546
0
0
0

0
-3,030
253
-2,777
37,078
-40,108
253
-2,777
1,639
6,536
810
8,985
5,981189,780 32,035 227,796
7,620196,316 32,845236,781
0
17,016
0
17,016
7,666110,430 11,776129,872
7,666
127,446 11,776
146,888
1,270
6,379
7,649
6,396
121,067 11,776
139,239
1,224
75,249 21,069
97,542
7,620196,316 32,845236,781		 0
81,948
1,219
83,167
0
5,898
0
5,898
2
2,629
593
3,224
0
2,955
368
3,323

293,430
2,180
95,612
30,535
0
30,535
735
16,023
412
17,170
0
1,572
0
1,572
45
767
812
2,954
5,334
2,232
10,520
60
255
315
34,329
23,951
2,644
60,924
0
587
587
0
30,000
1,500
31,500
1,030
3,023
0
4,053
67
67
0
272
272
1,030
33,362
1,500
35,892
35,359
57,900
4,144
97,403
1,020
1,020
36,37957,900
4,144
98,423
-36,377
35,530
-1,964
-2,811
36,655 -36,655
0
0
0
0
0
0
21,123
21,123
-21,123
-21,123
0
0
0
0
7,809
1,822
9,631
36,655 -28,846
1,822
9,631
278
6,684
-142
6,820
5,703 183,096
32,177
220,976


5,981 189,780
32,035
227,796
017,369
0
17,369
4,653 113,869
11,244
129,766



4,653 131,238
11,244
147,135
1,020
18,613
25
19,658
3,633 112,625
11,219
127,477
2,348
77,155
20,816
100,319
5,981 189,780
32,035
227,796

1

Consolidated Financial Statements

NORTH WEST LONDON AREA QUAKER MEETING (Religious Society of Friends)

Balance Sheet at 31 December 2020

2020
Notes
Fixed Assets: Investments
7
97,542
Current assets
Debtors
9
17,016
Cash at bank & in hand
129,872
Total current assets
146,888
LESS creditors due within 1 year
10
7,649
Current assets less current liabilities
139,239
Total Assets
236,781
Represented by the funds of the Area Meeting
Restricted Income Funds
3
32,845
Unrestricted Income Funds
1 203,936
236,781
2019
100,319
17,369
129,766
147,135

19,658
127,477
227,796
32,035
195,761
227,796

We acknowledge our responsibilities for keeping accounting records in accordance with section 130 of the 2011 Charities Act and to prepare accounts which accord with the accounting records and comply with accounting requirements of the Act.

Approved by the trustees

D Hickok

...................................................... Trustee and Treasurer

1 October 2021

...........................................

Dated

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Consolidated Financial Statements

NORTH WEST LONDON AREA QUAKER MEETING (Religious Society of Friends)

FOR THE YEAR ENDED 31ST DECEMBER 2020

Accounting Policies

Basis of Accounting.

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

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

Investments. Investments are valued at market value at the Balance Sheet date.

Funds. Unrestricted funds - referred to as the Area Meeting general fund - are available to spend at the discretion of the trustees in furtherance of the charitbale objectives of the charity.

Designated funds are set aside at the discretion of the trustees for specific purposes. They would otherwise form part of unrestricted funds. The only Area Meeting designated fund is the Inreach/Outreach fund. Restricted funds are subject to specific restrictions imposed by the donor or by the nature of the appeal. The Area Meeting restricted funds are the Quaker Quest funds.

Endowment funds represent funds of the Area Meeting received as an endowment and the Area Meeting can only use the income generated from them.

Incoming resources. Donations and gifts are recognised when received by or on behalf of the meeting. Income tax recoverable on Gift Aid donations is recognised when the donation is received. Realised gains or losses on investments are recognised when the investment is sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December.

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

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

Tangible fixed assets

Expenditure on tangible fixed assets is written off when incurred.

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Consolidated Financial Statements

NORTH WEST LONDON AREA QUAKER MEETING (Religious Society of Friends)

Notes to the accounts for the year ended 31 December 2020

Note Unrestricte d Designated Funds d Designated Funds 2019
67,638
14,310
5,898
0
0
2,631

2,955
93,432
0
Notes AM General Fund Inreach/Outreach
Fund		 Local Meetings
(Note 2)		 Total Designated
Funds		 2019
1 Designated Funds 2020
INCO
NET
EXP
CHA
OTH
INCO		 ME
Donations
Income Tax Reimbursed
Activities
19
Grants & Legacies
Bank Interest
Investment Income
Other income - literature, b&b & other sales
Total incoming resources
Resources Expended
Cost of Generating Funds
Fundraising
INCOMING RESOUCES AVAILABLE
FOR CHARITABLE APPLICATION
ENDITURE
RITABLE EXPENDITURE
Activities:
LQPT Quota
Conferences & Courses
20
Distribution, Advertising & Literature
Meeting Running Expenses
21
Other
16
Bank charges
Total Activities
Premises not chargeable to LQPT
Donations, Subs etc. sent:
To Yearly Meeting
To Other Quaker
13
To Non Quaker
14
Subscriptions
Total donations etc.
TOTAL DIRECT EXPENDITURE
ER EXPENDITURE
Governance
8
TOTAL OTHER EXPENDITURE
TOTAL RESOURCES USED
MING RESOURCES less
RESOURCES USED before transfers
Transfers and Investment
Transfers to AM from LM
15
Transfers between funds
15
Acting as Agent In
5
Acting as Agent Out
Realised gains/-losses on investments
Unrealised gains/-losses on investments
7
Total transfers and gains
NGES IN RESOURCES
Adj to opening balances
Balance B/F at 1 January
nce C/F at 31st December		 1 38
2,073		 76,675
15,201
0
4,000
21
76
1,087		 76,675
15,201
38
4,000
21
2,149
1,087		 76,675

15,201

38

4,000

21

2,150

1,087

99,172

0
99,172

29,896

2,685

501

781

5,305

210

39,378

366

35,450

10,597

501

405

46,953

86,697

1,270

1,270

87,967

11,205

0

0

11,546

-11,546

0

-3,030

-3,030

8,175

0

195,761

203,936
1
 2,111 97,060
0		 99,171
0
1 2,111 97,060 99,171 93,432
30,535
16,758
1,572
812
8,288

315
58,280
587
30,000
4,053
67

272
34,392
29,896
118
2,756
60		 565
422		 0
2,120
501
663
2,127
150		 0
2,685
501
663
2,549
150
32,830
1,340		 987 5,561
366
35,450
9,257
501
405		 6,548
366
35,450
9,257
501
405
1,340 0 45,613 45,613
34,170
1,270		 987 51,540 52,527
0		 93,259

1,020
1,020
1,270 0 0 0
35,440 987 51,540 52,527
94,279
CHA
Bala		 RESOURCE -35,439 1,124 45,520 46,644 -847
0
0
21,123
-21,123
0

7,809
7,809
36,936
142		 -3,030 -36,936
-142
11,546
-11,546
0
0		 -36,936
-142
11,546
-11,546
0
-3,030
37,078 -3,030 -37,078 -40,108
1,639
5,981		 -1,906
77,221		 8,442
112,559		 6,536
0
189,780		 6,962
0
188,799
7,620 75,315 121,001 196,316 195,761

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Consolidated Financial Statements NORTH WEST LONDON AREA QUAKER MEETING (Religious Society of Friends)

Notes to the accounts for the year ended 31 December 2020

Note

Edgware LM Finchley LM Friends House LM Golders Green LM Hampstead LM Muswell Hill LM
2020 2019
2 Local Meeting Funds
INCOME
Contributions, Donations & Collections
Income Tax Reimbursed
Activities
Grants & Legacies
Bank Interest
Investment Income
Other income - literature & other sales
Total incoming resources
Resources Expended
Cost of Generating Funds
Fundraising
NET INCOMING RESOUCES AVAILABLE
FOR CHARITABLE APPLICATION
EXPENDITURE
CHARITABLE EXPENDITURE
OTHER EXPENDITURE
TOTAL OTHER EXPENDITURE
TOTAL RESOURCES USED
INCOMING RESOURCES less
RESOURCES USED before transfers
Transfers and Investment
Transfers to AM from LM
15
Transfers
15
Acting as Agent In
Acting as Agent Out
Gains/-losses on investments
Total transfers and gains
CHANGES IN RESOURCES
Balance B/F at 1 January
Balance C/F at 31st December
Activities:
Conferences & Courses
Library & literature
Meeting Running Expenses
21
Other
16
Bank charges
Total Activities
Premises not chargeable to LQPT
Donations, Subs etc. sent:
To Yearly Meeting
To Other Quaker
13
To Non Quaker
14
Subscriptions
Total donations etc.
TOTAL DIRECT EXPENDITURE		 6,995
18,106
4,283
35,856
11,435
76,675
1,525
3,417
883
7,360
2,016
15,201
0
4,000
4,000
21
0
21
33
43
76
3
81
1,003
1,087		 67,638
14,310
0
0
0
200
2,955
0
8,523
21,544
5,199
47,297
14,497
97,060
0		 85,103
0
0
8,523
21,544
5,199
47,297
14,497
97,060		 85,103
1,100
529
54
0
437
2,120
51
0
214
119
117
501
0
61
144
458
663
995
227
130
165
499
111
2,127
60
60
30
150		 4,291
1,572
767
5,334
255
995
1,378
780
493
792
1,123
5,561
195
171
366
2,000
3,500
1,250
21,000
7,700
35,450
125
2,232
2,500
3,600
800
9,257
216
285
501
405
405		 12,219
587
30,000
3,023
67
272
0
2,125
5,732
3,750
24,816
9,190
45,613		 33,362
995
3,698
6,512
4,243
25,608
10,484
51,540		 46,168
0
0
0
0
0
0
0		 0
995
3,698
6,512
4,243
25,608
10,484
51,540		 46,168
-995
4,825
15,032
956
21,689
4,013
45,520
-3,148
-7,975
-3,987 -16,579
-5,247 -36,936
-2,266
1,889
-142
377
-142
177
1,183
195
8,586
1,405
11,546
-177
-1,183
-195
-8,586
-1,405 -11,546
0		 38,935
-36,655
-8,213
21,123
-21,123
0
-2,266
-1,259
-8,117
-3,610 -16,579
-5,247 -37,078
-3,261
3,566
6,915
-2,654
5,110
-1,234
8,442
3,261
16,760
26,620
15,078
33,634
17,206 112,559		 -44,868
-5,933
118,492
0
20,326
33,535
12,424
38,744
15,972 121,001		 112,559

5

Consolidated Financial Statements

NORTH WEST LONDON AREA QUAKER MEETING (Religious Society of Friends)

Notes to the accounts for the year ended 31 December 2020

Note

er Quest - Elisabeth
und		 n - Loftus
e		 2019
3 Restricted Funds uak een
n F		 ree
Har		 2020
Euston Q Golders Gr
Brow		 Golders G
INCOME
Contributions, Donations & Collections
316
0
316
Activities
0
Grants & Legacies
0
Income tax reimbursed
0
Investment Income
523
523
Other income - literature & other sales
57
57
NET INCOMING RESOUCES AVAILABLE
FOR CHARITABLE APPLICATION
373
0
0
523
896
EXPENDITURE
CHARITABLE EXPENDITURE

Activities:
Conference & Courses & Events
0
Distribution & Advertising
0
Other
325
14
339
Total Activities
325
14
0
0
339
Donations, Subs etc. sent:
To Yearly Meeting
0
To other Quaker

0
Total donations etc.
0
0
0
0
0
TOTAL DIRECT EXPENDITURE
325
14
0
0
339
INCOMING RESOURCES less
RESOURCES USED before transfers
48
-14
0
523
557
Investment gains/(losses)
253
253
Transfers between other funds
0
CHANGES IN RESOURCES
48
-14
0
776
810
Balance B/F at 1 January
2,760
7,774
0
21,501
32,035
Balance C/F at 31st December
2,808
7,760
0
22,277
32,845		 316
57		 1,219
0
0
0
593

368
2,180
412
0

2,232
2,644
1,500

0
1,500
4,144
-1,964
1,822
0
-142
32,177
32,035

6

Consolidated Financial Statements

NORTH WEST LONDON AREA QUAKER MEETING (Religious Society of Friends)

Notes to the accounts for the year ended 31 December 2020

Opening Fund
Balance		 Income Expenditure Transfers
Gains& Losses
Adjustments		 Fund
Balance at
31st
December
2020
4 Funds
AM FUNDS
UNRESTRICTED
AM General Purposes Fund
22
DESIGNATED
AM Inreach/Outreach Fund
Total AM Designated Funds
RESTRICTED
AM Quaker Quest (Euston) Fund
Total AM Restricted Funds
TOTAL AM FUNDS
LM FUNDS
DESIGNATED
Edgware LM Funds
General Purposes Fund
Total Edgware Funds
Finchley LM Funds
General Purposes Fund
Total Finchley Funds
Friends House LM Funds
General Purposes Fund
Total Friends House Funds
Golders Green LM Funds
General Purposes Fund
Total Golders Green Funds
Hampstead LM Funds
General Purposes Fund
Total Hampstead Funds
Muswell Hill LM Funds
General Purposes Fund
Total Muswell Hill Funds
TOTAL UNRESTRICTED FUNDS
RESTRICTED
Golders Green - Elisabeth Brown Fund
Golders Green - Loftus Hare Fund
Total Restricted Funds
TOTAL LM FUNDS
TOTAL FUNDS
Unrestricted
Restricted		 5,981 1
35,440		 37,078
7,620

75,315

75,315
2,808

2,808
85,743

0

0
20,326

20,326
33,535

33,535
12,424

12,424
38,744

38,744
15,972

15,972

121,001
7,760

22,277

30,037
151,038
203,936

32,845

236,781

7

Consolidated Financial Statements NORTH WEST LONDON AREA QUAKER MEETING (Religious Society of Friends)

Notes to the accounts for the year ended 31 December 2020

Acting as Agent Total
2020
2019
Edgware
Finchley
Friends House
Golders Green
Hampstead
Muswell Hill
TOTAL COLLECTED		 0
766
177
1,593
1,183
8,011
195
482
8,586
10,271
1,405
0
11,546
21,123

Also acting as agent, but included separately below, are payments to London Quaker Property Trust.

6 Net hirings paid direct to Gross Expenses Net 2019
LQPT
Edgware
0
6,667
Finchley
8,655
7,153
1,502
18,103
Friends House
Golders Green
4,769
8,659
-3,890
7,332
Hampstead
14,189
13,164
1,025
17,399
Muswell Hill
11,883
16,441
-4,558
11,924
TOTAL COLLECTED
39,496
45,417
-5,921
61,425
Friends House Meeting has no properties to let.		 0
6,667
8,655
7,153
1,502
18,103
4,769
8,659
-3,890
7,332
14,189
13,164
1,025
17,399
11,883
16,441
-4,558
11,924
39,496
45,417
-5,921
61,425
Additions-
7 Investments 2020 Disposals. Gain/-loss 2019
Transfers
Kames Ethical Cautious Managed Fund
Ecclesiastical Amity Sterling Bond Fund A
Golders Green - Loftus Hare (Restricted)
Designated funds
F&C Responsible UK Income Fund
Kames Ethical Cautious Managed Fund A
Epworth Affirmative Fixed Interest Fund
Ecclesiastical Amity Sterling Bond Fund A
Market value of investments
at 31 Dec 2020		 0
-4,065
4,065
0
-4,974
4,974
21,069
25,982
253
-3,968
20,816
29,950
20,114
4,974
150
14,990
6,723
393
6,330
23,654
4,065
395
19,194
97,542
0
-2,777
100,319

The Area Meeting owns a 50 percent interest in Jordan's Burial Ground. A 2018 valuation estimated a £17,000 market value for this land. The Burial Ground is managed by a committee of representatives of three Area Meetings, and North West London Area Meeting does not control its operations. The committee has reported a net loss in 2018 of £60 on revenues of £8,464 including the contribution by NWLAM reorted in these accounts and year-end assets of £12,411. We have not participated in the preparation or examination of the committee's accounts.

8

Consolidated Financial Statements

NORTH WEST LONDON AREA QUAKER MEETING (Religious Society of Friends)

Additional notes to the accounts for the year ended 31 December 2020

8. Governance costs

Comprise Independent Examination fees

9. DebtorAM debtors - prepayments
LM debtors
10. Creditors represent:
Independent Examiner
Other creditors
Local Meetings:
other creditors		 2020
£
0
17,016
17,016
2020
£
1,270

6,379
7,649		 2019
£
0
17,369
17,369
2019
£
1,020
25
18,613
19,658

11. Staff costs

There were no employees and therefore none whose annual remuneration was £60,000 or more.

12. Trustees

No trustees received any remuneration during the year.

13. Other Quaker Donations

Area Meeting Other Quaker donations cmprises donations to London Quakers £400, London Link 200 and contributions to Jordans Burial Ground of £740. Local meetings donations totalled £9,257.

uaker Donations
Other donations
By Hampstead
By Muswell Hill
ers to AM from LM
Quotas for London Quaker Property Trust
Local Meeting Quotas for AM		 2020
£
216

285

501
£
29,896

7,182
37,078		 2019
£
0

67

67
£
30,535

6,120
36,655

14. Non Quaker Donations

15. Transfers to AM from LM

16. Others Expenditure on other activities and administration included:

ons and Legacies
Donations and gifts
Legacies
Gift Aid		 2020
£
76,991
4,000
15,201
96,192		 2019
£
68,857
0
14,310
83,167

17. Donations and Legacies

18. Jordans Burial Ground

The payment of £740 to Jordans Burial Ground represents Area Meeting's share of the upkeep for one year. Area Meeting owns 50% of the Burial Ground, the value of which is not included in these figures. A professional valuation was made on 15 February 2018, the value of its 50% share was £8,500.

19. Activities

The £38 comprises contributions for High Leigh.

20. Conferences and Courses

Include £565 for Woodbrook conference and £2,120 for local meeting conferences and courses.

21. Meeting Running Expenses

Only include expenses reimbursed to officers and trustees. All other expenses not specifically listed are included in other activities.

22. General Purposes Fund

The transfers were primarily transfers to Area Meeting from Local Meetings.

9

Consolidated Financial Statements

NORTH WEST LONDON AREA QUAKER MEETING (Religious Society of Friends)

Independent Examiner's Report to the Trustees of NW London Area Meeting

I report on the accounts of the trust for the year ended 31 December 2020.

Respective responsibilities of Trustees and examiner

The charity's Trustees are responsible for the preparation of the accounts.

It is my responsibility to:

(ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145 of the Act; and

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 I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

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

have not been met; or

D Stephens Signed 18 October 2021 Dated

David Stephens

Chartered Certified Accountant 13 Newlands Road Tunbridge Wells Kent TN4 9AS

10

Balance Sheets Workings - not part of the accounts

2020

AM Edgeware
LM		 Finchley LM Friends
House LM		 Golders
Green LM		 Hampstead
LM		 Muswell Hill
LM
2020
Investments
Current Assets
Debtors
Cash at bank
Total current assets
Current Liabilities
Creditors
Current assets less
current liabiliites
Total assets
Represented by
funds of the Area Meeting
Restricted Income Funds
Unrestricted Income Funds		 76,473
21,069
97,542
0
1,364
3,533
883
9,220
2,016
17,016
10,540
20,464
30,002
21,070
30,518
17,278
129,872
10,540
0
21,828
33,535
21,953
39,738
19,294
146,888
1,270
1,502
0
561
994
3,322
7,649
9,270
0
20,326
33,535
21,392
38,744
15,972
139,239
85,743
0
20,326
33,535
42,461
38,744
15,972
236,781
2,808
30,037
32,845
82,935
20,326
33,535
12,424
38,744
15,972
203,936
85,743
0
20,326
33,535
42,461
38,744
15,972
236,781