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2021-12-31-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 2021

1. Administration:

Clerk of the trustees:

Tim Heath 48 The Orchard London NW11 6YN 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. As part of the induction new trustees are provided with a complete set of the previous year’s minutes.

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3. Trustees and Key Officers

The Trustees are:

Alan Asay Christopher Loveday Claire Farrier David Hickok Janet Cummins John Shinebourne Kimmett Edgar Peter Jones Tim Heath

The key officers in 2021 were:

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

4. Membership

In 2021 there were 159 people in membership and another 143 people attended regularly.

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, Young People and Vulnerable Adults, which are both reviewed annually with a substantive review every 3 years. There have been no serious incidents during the year. The Trustees traditionally meet twice a year, however during 2021 we met on five 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

There is a Minute from a Quaker Meeting for governance that records ‘After failing to reach agreement on a new colour for the door to the Meeting House we moved on to discuss the problem in Palestine.’ It’s an apocryphal story that gently mocks our unheed for haste, the unbounded scope of our discernment and our love of record keeping.

This year we have embraced many issues of governance – from the day-to-day business of running our five local Meetings to an initiative to bring together all the Meetings across London under a single administration. As a registered charity we have updated our policies on data privacy, risk assessment and safeguarding while all the time pursuing our religious imperative.

The divine and the secular are indistinguishable to Quakers and many of our religious activities require an extraordinary administrative effort. To give one example, the waves of refugees sweeping across the world inspired Quakers in North West London to enrol in the Community Sponsorship Scheme - an initiative from the Home Office working in conjunction with the United Nations Commission on Human Rights. As a Friend patiently observed, ‘It is not an exaggeration to say the process is akin to setting up an entire local authority in miniature’. Yet through persistence we are soon to bring a family from a refugee camp to re-settle in the United Kingdom. To save a single child is to save the entire world.

Our activities range from the profound to the particular – the climate crisis, mental health, marriage, torture, racism, reparation and the colour of the Meeting House door.

In the stillness of our meetings we oversee a troubled world yet our own historic term for one who cares, an overseer is itself under review because the term affronts so many who continue to scavenge justice from the jaws of history. Is our Quaker dialect rooted in peace, equality, truth, simplicity and the natural world? Perhaps, but it a language whose imperative is to offer beautiful questions.

11. Report of the Treasurer

ACCOUNTS 2021

North West London Area Quaker Meeting continues to enjoy a solid financial position. After reviewing the consolidated 2021 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 £247,388 from £236,781in 2020.

Total consolidated income in 2021 was £88,112 down from £100,068 in 2020. This decrease was primarily due to a decrease in LM contributions and collections of £12,315. In 2020 Hampstead received a one-time legacy of £4,000 and in 2021 £5,100.

3

Total consolidated expenditures in 2021 were £81,540 versus £88,306 in 2020. 2020 included £10,600 in pandemic support and other donations to other Quaker bodies compared to just 2,450 in 2021, while other expenses rose somewhat as pandemic restrictions eased.

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 gradually reopened in 2021 we returned to being a net contributor with £13,353 paid to LQPT.

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 2021 and 2020 and show the financial positions at year-end 2021 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 LQPT.

The General Fund is used to cover Area Meeting expenses. The Area Meeting’s Designated Inreach/Outreach Fund is primarily devoted to Inreach/Outreach. There was only one Restricted Fund account at year-end 2021 which contained third-party grants - the Quaker Quest (Euston) account.

The AM General Fund

The AM General Fund received £36,524 from Local Meetings in 2021 and £37,078 in 2020. Quota sent by Area Meeting to LQPT was £30,208 in 2021.

AM General Fund expenses in 2021 included:

£96 in bank charges;

£1,050 for account examiner’s fees;

£510 for conferences and courses;

£3,229 for other miscellaneous expenses (primarily bookkeeping and software fees) ; and

£400 was paid to London Quakers and £750 to Jordans Burial Ground.

At year-end 2021 the AM General Fund contained £8417 up from £7620 in 2020.

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.

4

In 2021, the Inreach/Outreach Fund had investment income of £1,964. At year-end its investments were valued at £77,366 compared to £75,249 in 2020

In 2021 the Inreach/Outreach Fund spent £2,982 on conferences (most of which was a deposit to reserve High Leigh for spring 2022) and £509 for other activities, primarily for children.

Due to the pandemic, in 2020 the Fund had 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 in 2020 and £77,432 in 2021.

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 2021 and had minimal income and expense. At year-end 2021 the QQE account held £2,824 compared to £2808 in 2020.

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.

2021 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 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, including gift aid and legacies, in 2021 were £84,721. In 2020 total receipts were £97,060.

Total consolidated (AM and LM) receipts in 2021 were £88,112 and and in 2020 £100,068.

Total consolidated (AM and LM) expenses before donations in 2021 were £45,576 and £39,717 in 2020. The largest single expense in both years was the Quota paid to LQPT, £30,208 in 2021 and £29,896 in 2020. LM conferences and courses expense amounted to £903 in 2021. LM library expense was £710 and bank charges £192. LM meeting running and various other expenses totalled £5,961

Local Meetings transferred a total of £35,540 to Britain Yearly Meeting (BYM) in 2020 and £31,500 in 2021.

5

Total 2021 LM donations to other Quaker charities were £1,300. Total 2020 LM donations to other Quaker charities were £9,758 due to increased donations to Woodbrooke and other charities closed down by the pandemic. In effect budgeted conference expenses were diverted to support closed Quaker conference centers.

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 gradually reopened in 2021 we returned to being a net contributor with £13,353 paid to LQPT.

At year-end 2021 Local Meetings had total funds (excluding the £22,277 Golders Green Restricted Loftus Hare Fund and £7,760 Elisabeth BrownFund) of £127,668 compared to £121,001 in 2020.

After taking into account debtors ( roughly £15,721, mostly Gift Aid on 2021 donations not yet claimed) and creditors (£20.217 ), total consolidated assets less liabilities at year-end 2021 amounted to £247,388, of which 150,307 was held in cash and £101,577 in investments.

Jordan’s Burial Ground

Our Area Meeting inherited a 50% ownership interest in Jordan’s Burial Ground at Jordans 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 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 and examiner’s report for 2021, but have not ourselves reviewed any committee financial records.

The total contributions by all three AMs set for 2021 amounted to £2,250. Other donations and fees amounted to £4190 resulting in a total income of £7160.

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. In 2021 upkeep was £4548 and total expense with headstone and digging costs was £7999.This resulted in a net operating loss of £ 839, which will be taken into account by the committee in setting our contributions for 2023.

At year-end 2021 the Jordans Burial Ground operation had reserves of £12,013 ,including cash at CAF Bank of £2171, units in COIF Charities Ethical Investment Fund valued at £9,739 and a £100 debtor. 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, Clerk David Hickok, Treasurer

22 September 2022

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NORTH WEST LONDON AREA QUAKER MEETING

(Religious Society of Friends)

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

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 2021

SOFA Notes AM General Fund Designated Funds
( Note 1)		 Restricted Funds 2021 AM General Fund Designated Funds
( Note 1)		 Restricted Funds 2020
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
82,982
292
83,274
0
0
0
0
0
2,083
521
2,604
516
1,620
98
2,234
516
86,685
911
88,112
30,208
0
30,208
510
3,885
0
4,395
0
710
0
710
0
1,208
1,208
3,229
5,262
276
8,767
96
192
288
34,043
11,257
276
45,576
0
558
558
0
31,500
0
31,500
1,150
1,300
0
2,450
0
0
0
406
406
1,150
33,206
0
34,356
35,193
45,021
276
80,490
1,050
1,050
36,243
45,021
276
81,540
-35,727
41,664
635
6,572
36,524
-36,524
0
0
0
0
0
0
15,946
15,946
-15,946
-15,946
0
0
0
0
3,644
391
4,035
36,524
-32,880
391
4,035
797
8,784
1,026
10,607
7,620
196,316
32,845
236,781
8,417
205,100
33,871
247,388
0
15,721
0
15,721
6,716
131,180
12,411
150,307
6,716
146,901
12,411
166,028
1,050
19,167
20,217
5,666
127,734
12,411
145,811
2,751
77,366
21,460
101,577
8,417
205,100
33,871
247,388		 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
896
100,068
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
5,981 189,780
32,035
227,796
7,620 196,316
32,845
236,781
0
17,016
0
17,016
7,666 110,430
11,776
129,872
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
7,620 196,316
32,845
236,781

1

Consolidated Financial Statements

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

Balance Sheet at 31 December 2021

Notes
Fixed Assets: Investments
7
Current assets
Debtors
9
Cash at bank & in hand
Total current assets
LESS creditors due within 1 year
10
Current assets less current liabilities
Total Assets
Represented by the funds of the Area Meeting
Restricted Income Funds
3
Unrestricted Income Funds
1		 2021 2020
101,577
15,721
150,307
166,028
20,217
145,811
247,388
33,871
213,517
247,388		 97,542
17,016
129,872
146,888
7,649
139,239
236,781
32,845
203,936
236,781

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

...................................................... Trustee

David Hickok ........................................... Dated

22 September 2022

2

Consolidated Financial Statements

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

FOR THE YEAR ENDED 31ST DECEMBER 2021

`

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.

3

Consolidated Financial Statements

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

Notes to the accounts for the year ended 31 December 2021

Note Unrestricted Designated Funds
 Unrestricted Designated Funds
 Unrestricted Designated Funds
 Unrestricted Designated Funds
 Unrestricted Designated Funds
 Unrestricted Designated Funds
 Unrestricted Designated Funds
 Unrestricted Designated Funds
 Unrestricted Designated Funds
 Unrestricted Designated Funds
 Unrestricted Designated Funds
1 Designated Funds Notes AM General Fund Inreach/Outreach
Fund		 Local Meetings
(Note 2)		 Total Designated
Funds		 2021 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		 64,360
64,360
64,360
13,522
13,522
13,522
0
0
0
5,100
5,100
5,100
32
32
32
1,964
87
2,051
2,051
516
1,620
1,620
2,136
516
1,964
84,721
86,685
87,201
0
0
0
516
1,964
84,721
86,685
87,201
30,208
0
0
30,208
510
2,982
903
3,885
4,395
710
710
710
1,208
1,208
1,208
3,229
509
4,753
5,262
8,491
96
192
192
288
34,043
3,491
7,766
11,257
45,300
558
558
558
31,500
31,500
31,500
1,150
1,300
1,300
2,450
0
0
0
406
406
406
1,150
0
33,206
33,206
34,356
35,193
3,491
41,530
45,021
80,214
1,050
0
1,050
1,050
0
0
0
1,050
36,243
3,491
41,530
45,021
81,264
-35,727
-1,527
43,191
41,664
5,937
36,524
-36,524
-36,524
0
0
0
0
15,946
15,946
15,946
-15,946
-15,946
-15,946
0
0
0
3,644
0
3,644
3,644
36,524
3,644
-36,524
-32,880
3,644
797
2,117
6,667
8,784
9,581
0
0
7,620
75,315
121,001
196,316
203,936
8,417
77,432
127,668
205,100
213,517		 76,675
15,201
38
4,000
21
2,150
1,087
99,172
0
93,432
29,896
2,685
501
781
5,305
210
39,378
365
35,450
10,597
501
405
46,953
86,697
1,270
1,270
87,967
CHA
Bala		 RESOURC 11,205
0
0
11,546
-11,546
0
-3,030
-3,030
8,175
0
195,761
203,936

4

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

Consolidated Financial Statements

Notes to the accounts for the year ended 31 December 2021

Note

2 Local Meeting Funds Finchley LM Friends House LM Golders Green LM Hampstead LM Muswell Hill LM 2021 2020
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
Activities:
Conferences & Courses
Library & literature
Meeting Running Expenses
Other
Bank charges
Total Activities
Premises not chargeable to LQPT
Donations, Subs etc. sent:
To Yearly Meeting
To Other Quaker
To Non Quaker
Subscriptions
Total donations etc.
TOTAL DIRECT 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		 6,673
15,168
5,303
27,549
9,667
64,360
76,675
1,768
2,903
1,003
5,740
2,108
13,522
15,201
0
0
5,100
5,100
4,000
1
20
11
0
32
21
87
87
76
808
121
277
414
1,620
1,087
9,250
18,212
6,594
38,803
11,862
84,721
97,060
0
0
9,250
18,212
6,594
38,803
11,862
84,721
97,060
380
523
0
903
2,120
255
206
225
24
710
501
171
530
144
363
1,208
663
82
3,342
150
1,179
4,753
2,127
96
96
192
150
888
3,961
832
519
1,566
7,766
5,561
283
275
558
366
2,000
22,000
7,500
31,500
35,450
1,000
300
1,300
9,257
0
501
406
406
405
2,000
0
0
23,000
8,206
33,206
45,613
3,171
3,961
832
23,519
10,047
41,530
51,540
0
0
0
0
0
0
0
3,171
3,961
832
23,519
10,047
41,530
51,540
6,079
14,251
5,762
15,284
1,815
43,191
45,520
-3,195
-8,888
-4,048
-15,327
-5,066
-36,524
-36,936
0
-142
160
14,021
1,765
15,946
11,546
-160
-14,021
-1,765
-15,946
-11,546
0
0
-3,195
-8,888
-4,048
-15,327
-5,066
-36,524
-37,078
2,884
5,363
1,714
-43
-3,251
6,667
8,442
20,326
33,535
12,424
38,744
15,972 121,001
112,559
23,210
38,898
14,138
38,701
12,721 127,668
121,001

5

Consolidated Financial Statements

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

Notes to the accounts for the year ended 31 December 2021

Note

3 Restricted Funds Euston Quaker Quest Golders Green - Elisabeth
Brown Fund		 Golders Green - Loftus Hare 2021 2020
INCOME
Contributions, Donations & Collections
292
0
292
Activities
0
Grants & Legacies
0
Income tax reimbursed
0
Investment Income
521
521
Other income
98
98
NET INCOMING RESOUCES AVAILABLE
FOR CHARITABLE APPLICATION
292
0
0
619
911
EXPENDITURE
CHARITABLE EXPENDITURE
Activities:
Conference & Courses & Events
0
Distribution & Advertising
0
p
j
Other
276
276
Total Activities
276
0
0
0
276
Donations, Subs etc. sent:
To Yearly Meeting
0
To other Quaker
0
Total donations etc.
0
0
0
0
0
TOTAL DIRECT EXPENDITURE
276
0
0
0
276
INCOMING RESOURCES less
RESOURCES USED before transfers
16
0
0
619
635
Investment gains/(losses)
391
391
Transfers between other funds
0
CHANGES IN RESOURCES
16
0
0
1,010
1,026
Balance B/F at 1 January
2,808
7,760
0
22,277
32,845
Balance C/F at 31st December
2,824
7,760
0
23,287
33,871		 316
0
0
0
523
57
896
0
0
339
339
0
0
0
339
557
253
0
810
32,035
32,845

6

Consolidated Financial Statements

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

Notes to the accounts for the year ended 31 December 2021

4 Funds Opening Fund
Balance		 Income Expenditure Transfers
Gains& Losses
Adjustments		 Fund Balance
at 31st
December
2021
AM FUNDS
UNRESTRICTED
AM General Purposes Fund
22
7,620
516
36,243
36,524
DESIGNATED
AM Inreach/Outreach Fund
75,315
1,964
3,491
3,644
Total AM Designated Funds
77,221
1,964
3,491
3,644
RESTRICTED
AM Quaker Quest (Euston) Fund
2,808
292
276
0
Total AM Restricted Funds
2,760
292
276
0
TOTAL AM FUNDS
85,743
2,772
40,010
40,168
LM FUNDS
DESIGNATED
Finchley LM Funds
General Purposes Fund
20,326
9,250
3,171
-3,195
Total Finchley Funds
20,326
9,250
3,171
-3,195
Friends House LM Funds
General Purposes Fund
33,535
18,212
3,961
-8,888
Total Friends House Funds
33,535
18,212
3,961
-8,888
Golders Green LM Funds
General Purposes Fund
12,424
6,594
832
-4,048
Total Golders Green Funds
12,424
6,594
832
-4,048
Hampstead LM Funds
General Purposes Fund
38,744
38,803
23,519
-15,327
Total Hampstead Funds
38,744
38,803
23,519
-15,327
Muswell Hill LM Funds
General Purposes Fund
15,972
11,862
10,047
-5,066
Total Muswell Hill Funds
15,972
11,862
10,047
-5,066
TOTAL UNRESTRICTED FUNDS
121,001
84,721
41,530
-36,524
RESTRICTED
Golders Green - Elisabeth Brown Fund
7,760
0
0
0
Golders Green - Loftus Hare Fund
22,277
619
0
391
Total Restricted Funds
30,037
619
0
391
TOTAL LM FUNDS
151,038
85,340
41,530
-36,133
TOTAL FUNDS
Unrestricted
Restricted		 8,417
77,432
77,432
2,824
2,824
88,673
23,210
23,210
38,898
38,898
14,138
14,138
38,701
38,701
12,721
12,721
127,668
7,760
23,287
31,047
158,715
213,517
33,871
247,388

7

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

Notes to the accounts for the year ended 31 December 2021

5 Acting as Agent Total
2021		 2020
Finchley
Friends House
Golders Green
Hampstead
Muswell Hill
TOTAL COLLECTED		 160
177
0
1,183
0
195
14,021
8,586
1,765
1,405
15,946
11,546

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

6 Net hirings paid direct to
LQPT		 Gross Expenses Net 2020
Finchley
Friends House
Golders Green
Hampstead
Muswell Hill
TOTAL COLLECTED
Friends House Meeting has no properties to		 7,400
5,568
1,832
1,502
3,860
11,917
-8,057
-3,890
20,911
8,954
11,957
1,025
20,681
13,060
7,621
-4,558
52,852
39,499
13,353
-5,921
let.
2021
Gain/-loss
2020
21,460
391
21,069
29,472
3,490
25,982
21,657
1,543
20,114
6,322
-401
6,723
22,666
-988
23,654
101,577
0
4,035
97,542
7 Investments 2021 Gain/-loss 2020
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 2021

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 2021

8. Governance costs

Comprise Independent Examination fees

9. DebtorAM debtors - prepayments
LM debtors
10. Creditors represent:
Independent Examiner
Other creditors
Local Meetings:
other creditors		 2021
£
0
15,721
15,721
2021
£
1,050
19,167
20,217		 2020
£
0
17,016
17,016
2020
£
1,270
6,379
7,649

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 and contributions to Jordans Burial Ground of £750. Local meetings donations totalled £1,300.

14. Non Quaker Donations
Other donations
By Hampstead
By Muswell Hill
15. Transfers to AM from LM
Quotas for London Quaker Property Trust
Local Meeting Quotas for AM		 2021
£
0
0
0
£
30,208
6,316
36,524		 2020
£
216
285
501
£
29,896
7,182
37,078

16. Others

Expenditure on other activities and administration included:

ons and Legacies
Donations and gifts
Legacies
Gift Aid		 2021
£
64,652
5,100
13,522
83,274		 2020
£
76,991
4,000
15,201
96,192

17. Donations and Legacies

18. Jordans Burial Ground

The payment of £750 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

Nil.

20. Conferences and Courses

Include £425 for Woodbrook conference.

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

Consolldated Flnanclal Statsments NORTH WEST LONDON AREA QUAKER MEETING (Religious Society of Friends) Indepgndgnt Examin¥rfs ￿port to thè Tru8t••8 of NW London Ar•a M••tlng I report on the a¢counts of the trust for tho year on¢Y¢d 31 Docembor 2021. Respe¢tlvo Trsp0n$lbilrt￿ of Trustw and •xamln Tho ¢hanty's TNstg9$ are rg$ponsiblg for tho pr8paration of thg accounts. is my resKN)nsibility to.. lil èxamine tha accounts under secbon 145 of the 2011 Charibes Act (the Act).. lill to follow the procdures laid down in th gnèral Directions givèn by the Charity Commission under section 145 of the Act.. and liiil to state whether PA￿"Cular matt&rs have come to my attention. Basls ot Ind•l￿dant •xamlnorfs r•port My examination was carried out in accordance the general ￿reCtionS given by the Charity Commission. An èxaminabon includès a r•vwrf of the accounting r8cords kapt by the charity and a comparison of the ac¢ounts prèsèntéd with thosè réeords. It also includès eonsi(lèr8tion of any unusual itams or disdosufes in the accounts, and seeking exptanatrons from you as twstees conceming any such mattgr5. Thè prctsdurès undertaken do not provide all the ewdgnce that would be requitpd in an au¢JTi and consequenuy I do rtot express an audrt opinion on the view given by the ac¢ounls. Independent gxaminerfs statsrnent In connection wth my examination, no mattter has rA)me to my attention.. lal which 9iv&s m• r•asonabl& cause to believe that In any material respect the requ1￿Ments., lil to keep accounting records in accordance section 130 of the Act,. and lil) to pr&pare accounts %thich accord ￿￿th Ihe accounting records and ojmply wilh the a¢￿Inting requirements of the Act.. have not been met.. or Ib) to which. in my optnion. atténtion should b• dr￿ in ord•r to •nabl• a prop•r undorstanding of the acmjnts to be rgached. Sigrd Dawd Stephen5 Chartered Certffied Acwjntsnt 13 Ne￿and¥ Road Tu￿￿￿Oe Wel Kent TN4 9AS 10

Balance Sheets Balance Sheets Workings-not part of the accounts Workings-not part of the accounts Workings-not part of the accounts Workings-not part of the accounts 2021
AM Finchley LM Friends
House LM		 Golders
Green LM		 Hampstead
LM		 Muswell Hill
LM		 2021
Investments 80,117 21,460 101,577
Current Assets 0
Debtors 1,768 2,903 1,003 7,593 2,454 15,721
Cash at bank 9,606 22,776 40,439 22,722 43,678 11,086 150,307
Total current assets 9,606 24,544 43,342 23,725 51,271 13,540 166,028
Current Liabilities
Creditors 1,050 1,334 4,444 12,570 819 20,217
Current assets less
current liabiliites 8,556 23,210 38,898 23,725 38,701 12,721 145,811
Total assets 88,673 23,210 38,898 45,185 38,701 12,721 247,388
Represented by
funds of the Area Meeting
Restricted Income Funds 2,824 31,047 33,871
Unrestricted Income Funds 85,849 23,210 38,898 14,138 38,701 12,721 213,517
88,673 23,210 38,898 45,185 38,701 12,721 247,388