## **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 2022 ## **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 Woodbrooke Learning and Research (formally 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. 1 ## **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 2022 were: Tim Heath – clerk Alan Asay – assistant clerk (membership) David Hickok – treasurer ## **4. Membership** In 2022 there were 151 people in membership and another 121 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 and Safeguarding** 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 2022 we met on 3 occasions because of the adoption of a new Safeguarding Policy and to consider the Pan London governance project. ## **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. 2 ## **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 (LQPT). ## **10. Report of the Clerk** We held one wedding during the calendar year 2022. A Quaker wedding is one of the wonders of our Society where without priests each couple authorises their own marriage. And everyone who attends the wedding is an equal celebrant and marks their witness with a signature or sign. An infant’s foot might be pressed against a pad of ink and then against the certificate of marriage to challenge where true authority lies. About 90 Friends attended the away-weekend at High Leigh in Hertfordshire. A Local Development Worker for the whole of London was appointed. A new policy on Safeguarding was adopted. We supported Friends who had been imprisoned for protesting the climate crisis. The term Overseer was laid down after four centuries of use because of its association with slavery. We sponsored one of our members to attend a research visit to Israel & Palestine organised by the Council for Christians and Jews. Presentations were given to convince us to become an antiracist society. We revisited our approach to dementia. Our campaign to change the law on Assisted Dying was relit. And our interest was kindled in a leading to make Ecocide an international crime under the Treaty of Rome. Our own governance was reviewed with proposed changes to the articles of association of the London Quaker Property Trust that holds the ownership of our meeting houses in trust. This was put temporarily on hold while the proposals to create a single area Meeting for the whole of London leapt forward. We took part in discussions to create a memorandum of understanding across all the Area Meetings in Britain in order to share best practice among Quakers and to avoid the reputational damage of a meeting going rogue. We agreed to hold our own Area Meeting gatherings on a Sunday afternoon to avoid the winter evenings and to enable more people to attend especially children. Our website now has a forum for discussion of important issues. Finchley, one of our 5 local meetings transformed their litter picking initiative into art and their meeting house is now adorned with ceramic casts of discarded bottles and cups. We continue to walk cheerfully over the world, picking up litter, and answering that of God in everyone. Tim Heath ## **11. Report of the Treasurer** North West London Area Quaker Meeting continues to enjoy a solid financial position. After reviewing the consolidated 2022 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 dropped from £247,388 in 2021 to £225,647 in 2022, largely due to a drop of £17,734 in the market value of our investments as a result of the 3 invasion of Ukraine and other economic developments and the net cost of the biannual High Leigh Conference. Total consolidated income in 2022 was £85,008 down from £88,112 in 2021. Total consolidated expenditures in 2021 were £81,540 versus £89,015 in 2022. The increase was in part attributable to resumption of the biannual High Leigh Conference which amounted to £14,117. There was a significant decrease in contributions to Britain Yearly Meeting from £31,500 in 2021 to £16,000 in 2022 due in part to the late transfer of contributions from LMs to AM - these sums will appear in next year's accounts. Increased expenditure also reflected the hiring of a children’s coordinator by Friends House LM. 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 in 2020. As our meeting houses gradually reopened in 2021 we returned to being a net contributor with £13,353 paid to LQPT. During 2022 the underlying health of our net contributions to LQPT continued to recover though this has yet to be fully reflected in the accounts. ## **2022 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 2022 and show the financial positions at year-end 2021 and 2022. 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 £39,115 in 2022. Quota sent by Area Meeting to LQPT was £30,838 in 2022. AM General Fund expenses in 2022 included: £86 in bank charges; £1,050 for account examiner’s fees; £365 for conferences and courses; £3,102 for other miscellaneous expenses (primarily bookkeeping and software fees) ; and £400 was paid to London Quakers and £900 to Jordans Burial Ground and we donated £1,500 to Citizens UK for refugee support. At year-end 2022 the AM General Fund contained £10,498, up from £8417 in 2021. 4 ## **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 2022, the Inreach/Outreach Fund had investment income of £1,520, income from High Leigh participant fees of £7,707 and received £972 in High Leigh bursary contributions by Local Meetings. At year-end its investments were valued at £59,375 compared to £77,366 in 2021 due to a general drop in capital markets, In 2022 the Inreach/Outreach Fund spent £14,117 on the High Leigh conference and £509 for other activities, primarily for children. The fund balance at year-end 2022 was £59,441 and £77,432 at year-end 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) only operated online during most of 2021 and 2022 and had no income and minimal bank charge and website expenses. At year-end 2022 the QQE account held £2,477 compared to £2,824 in 2021. Quaker Quest (Euston) was laid down in 2023. Golders Green has one restricted fund: the Loftus Hare fund to be used to support the children of Golders Green. The fund is reported in the consolidated AM accounts. ## **2022 Consolidated Accounts** The consolidated accounts bring together the AM Sole Accounts (General Fund, the Designated Fund for Inreach/Outreach and the Restricted Funds) with the individual accounts from each of the Local Meetings. Each Local Meeting approves its own budgets and accounts at Meetings for Worship 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 in 2022, including gift aid and legacies, were £74,081. Additional gift aid on 2022 donations to Hampstead LM of roughly £4000 will be shown in the 2023 accounts so that fully accrued 2022 receipts would be roughly £78,000. In 2021 total receipts were £84,721. There was a drop of £5,906 in donations from 2021 to 2022. Total consolidated (AM and LM) receipts were £87,201 in 2021 and £84,515 in 2022. The AM receipts were boosted by participant fees paid for the biannual High Leigh Conference, 5 Total consolidated (AM and LM) expenses before donations in 2021 were £45,576 and £66,513 in 2022, the difference largely due to High Leigh in 2022. The largest single expense in both years was the Quota paid to LQPT, £30,208 in 2021 and £30,838 in 2022. LM conferences and courses expense amounted to £545 in 2022. LM library expense was £403 and bank charges £162. LM meeting running and various other expenses totalled £13,968, up significantly from £4753 in 2021 as Friends House LM hired a children’s coordinator. ## Total 2022 LM donations to other Quaker charities were £1,550 and £1,300 in 2021. Local Meetings had total funds (excluding the £22,277 Golders Green Restricted Loftus Hare Fund and the £7,760 Golders Green Designated Elisabeth Brown Fund) at year-end 2021 of £127,668 and of £133,971 in 2022. During the year the Elizabeth Brown Fund at Golders Green Meeting was undesignated and all the funds amounting to £7,760 were transferred to the General Purposes Fund of Golders Green. 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. In 2022 total consolidated assets amounted to £225,647 with £12,815 in debtors, £31,546 in creditors, £160,535 in cash and £83,843 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 2023, but have not ourselves reviewed any committee financial records. The total contributions by all three AMs set for 2022 amounted to £2,700. Other donations and fees amounted to £1535, headstone reimbursements were £6,144 and dividends were £266, resulting in a total income of £10,645. In 2022 upkeep was £3,170 and total expense with headstone and digging and other costs were £6,769. There was a loss on investments of £1,210. This resulted in a net loss of £504. At year-end 2022 the Jordans Burial Ground operation had reserves of £11,506, including cash at CAF Bank of £1,827, units in COIF Charities Ethical Investment Fund valued at £8,529 and £1,150 in debtors. The use of these reserves is controlled by the joint Burial Ground committee. As these funds are not controlled by our Area Meeting they are not fully consolidated in our accounts ## David Hickok The Trustees Annual Report is signed on behalf of the Trustees by Alan Asay, Trustee, 4 October 2023 6 **NORTH WEST LONDON AREA QUAKER MEETING** **(Religious Society of Friends)** **CONSOLIDATED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31ST DECEMBER 2022** 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 2022** ||**SOFA**|**Notes**|**AM General Fund**|**Designated Funds**
**( Note 1)**|**Restricted Funds**|**2022**||**AM General Fund**|**Designated Funds**
**( Note 1)**|**Restricted Funds**|**_2021_**| |---|---|---|---|---|---|---|---|---|---|---|---| |**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
67,611
0
67,611
0
7,533
0
7,533
548
1,581
493
2,622
659
6,583
0
7,242
1,207
83,308
493
85,008
30,838
0
30,838
365
14,662
348
15,375
0
403
0
403
0
1,721
1,721
3,102
14,477
349
17,928
86
162
248
34,391
31,425
697
66,513
0
690
690
0
16,000
0
16,000
1,300
1,550
0
2,850
1,500
0
1,500
0
412
412
2,800
17,962
0
20,762
37,191
50,077
697
87,965
1,050
1,050
38,241
50,077
697
89,015
-37,034
33,231
-204
-4,007
39,115
-39,115
0
0
7,760
-7,760
0
0
6,013
6,013
-6,013
-6,013
0
0
0
0
-13,564
-4,170
-17,734
39,115
-44,919 -11,930
-17,734
2,081
-11,688 -12,134
-21,741
8,417
205,100
33,871
247,388
**10,498**
**193,412**
**21,737**
**225,647**
0
12,815
0
12,815
19,208
136,880
4,447
160,535
19,208
149,695
4,447
173,350
15,888
15,658
31,546
3,320
134,037
4,447
141,804
7,178
59,375
17,290
83,843
**10,498**
**193,412**
**21,737**
**225,647**|||||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|||| 1 ## **Consolidated Financial Statements** ## NORTH WEST LONDON AREA QUAKER MEETING (Religious Society of Friends) ## **Balance Sheet at 31 December 2022** |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|**2022**||**2021**| |---|---|---|---| ||83,843
12,815
160,535
173,350
31,546
141,804
**225,647**
21,737
203,910
**225,647**||101,577
15,721
150,307| ||||166,028
20,217| ||||145,811
**247,388**| ||||33,871
213,517| ||||**247,388**| 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 Alan Asay ...................................................... Trustee 4 October 2023 ........................................... Dated 2 ## **Consolidated Financial Statements** NORTH WEST LONDON AREA QUAKER MEETING (Religious Society of Friends) ## **FOR THE YEAR ENDED 31ST DECEMBER 2022** ` ## **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 2022** |**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**|**2022**||**_2021_**| |**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**||58,454
58,454
58,454
6,917
6,917
6,917
7,533
0
7,533
7,533
174
2,066
2,240
2,240
26
26
26
548
1,520
35
1,555
2,103
659
6,583
6,583
7,242
1,207
9,227
74,081
83,308
84,515
0
0
0
1,207
9,227
74,081
83,308
84,515
30,838
0
0
30,838
365
14,117
545
14,662
15,027
403
403
403
1,721
1,721
1,721
3,102
509
13,968
14,477
17,579
86
162
162
248
34,391
14,626
16,799
31,425
65,816
690
690
690
16,000
16,000
16,000
1,300
1,550
1,550
2,850
1,500
0
0
1,500
412
412
412
2,800
0
17,962
17,962
20,762
37,191
14,626
35,451
50,077
87,268
1,050
0
1,050
1,050
0
0
0
1,050
38,241
14,626
35,451
50,077
88,318
-37,034
-5,399
38,630
33,231
-3,803
39,115
-39,115
-39,115
0
972
6,788
7,760
7,760
6,013
6,013
6,013
-6,013
-6,013
-6,013
0
0
0
-13,564
0
-13,564
-13,564
39,115
-12,592
-32,327
-44,919
-5,804
2,081
-17,991
6,303
-11,688
-9,607
0
0
8,417
77,432
127,668
205,100
213,517
**10,498**
**59,441**
**133,971**
**193,412**
**203,910**|||||||||||64,360
13,522
0
5,100
32
2,051
2,136| |||||||||||||||87,201
0| |||||||||||||||87,201| |||||||||||||||30,208
4,395
710
1,208
8,491
288| |||||||||||||||45,300
558
31,500
2,450
0
406| |||||||||||||||34,356| |||||||||||||||80,214
1,050| |||||||||||||||1,050| |||||||||||||||81,264| |||||||||||||||| |**CHA**
**Bala**|**RESOURC**|||||||||||||5,937| |||||||||||||||0
0
15,946
-15,946
0
3,644| |||||||||||||||3,644| |||||||||||||||9,581
0
203,936| |||||||||||||||**213,517**| 4 NORTH WEST LONDON AREA QUAKER MEETING (Religious Society of Friends) ## **Consolidated Financial Statements** ## **Notes to the accounts for the year ended 31 December 2022** ## **Note** |**2**|**Local Meeting Funds**|||**Finchley LM**|**Friends House LM**|**Golders Green LM**|**Hampstead LM**|**Muswell Hill LM**|**2022**||**2021**| |---|---|---|---|---|---|---|---|---|---|---|---| |**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**|||5,605
13,294
4,376
24,277
10,902
58,454
64,360
1,401
2,243
951
36
2,286
6,917
13,522
0
0
66
2,000
2,066
5,100
0
12
14
0
26
32
35
35
87
3,522
3,061
6,583
1,620||||||||| ||||7,006
19,071
5,407
29,374
13,223
74,081
84,721
0
0||||||||| ||||7,006
19,071
5,407
29,374
13,223
74,081
84,721||||||||| ||||380
140
0
25
545
903
0
212
144
47
403
710
0
779
798
144
1,721
1,208
1,660
7,310
520
1,639
2,839
13,968
4,753
81
81
162
192||||||||| ||||2,040
7,531
1,592
2,581
3,055
16,799
7,766
280
410
690
558
2,000
8,000
6,000
16,000
31,500
1,400
150
1,550
1,300
0
0
412
412
406||||||||| ||||2,000
8,000
0
1,400
6,562
17,962
33,206||||||||| ||||4,320
15,531
1,592
3,981
10,027
35,451
41,530||||||||| ||||0
0
0
0
0
0
0||||||||| ||||4,320
15,531
1,592
3,981
10,027
35,451
41,530||||||||| ||||2,686
3,540
3,815
25,393
3,196
38,630
43,191
-3,750
-9,454
-4,509
-16,141
-5,261
-39,115
-36,524
-972
7,760
6,788
0
338
236
4,228
1,211
6,013
15,946
-338
-236
-4,228
-1,211
-6,013
-15,946
0
0||||||||| ||||-3,750
-10,426
3,251
-16,141
-5,261
-32,327
-36,524
-1,064
-6,886
7,066
9,252
-2,065
6,303
6,667
23,210
38,898
14,138
38,701
12,721 127,668
121,001||||||||| ||||**22,146**
**32,012**
**21,204**
**47,953**
**10,656 133,971**
**127,668**||||||||| 5 ## **Consolidated Financial Statements** NORTH WEST LONDON AREA QUAKER MEETING (Religious Society of Friends) ## **Notes to the accounts for the year ended 31 December 2022** ## **Note** |**3**|**Restricted Funds**|**Euston Quaker Quest**|||**Golders Green - Elisabeth**
**Brown Fund**||**Golders Green - Loftus Hare**|**2022**||**2021**| |---|---|---|---|---|---|---|---|---|---|---| |**INCOME**
Contributions, Donations & Collections
0
0
Activities
0
Grants & Legacies
0
Income tax reimbursed
0
Investment Income
2
491
493
Other income
0
**NET INCOMING RESOUCES AVAILABLE**
**FOR CHARITABLE APPLICATION**
2
0
0
491
493
**EXPENDITURE**
**CHARITABLE EXPENDITURE**
**Activities:**
Conference & Courses & Events
348
348
Distribution & Advertising
0
p
j
Other
349
349
**Total Activities**
349
0
0
348
697
**Donations, Subs etc. sent:**
To Yearly Meeting
0
To other Quaker
0
**Total donations etc.**
0
0
0
0
0
**TOTAL DIRECT EXPENDITURE**
349
0
0
348
697
**INCOMING RESOURCES less**
**RESOURCES USED before transfers**
-347
0
0
143
-204
Investment gains/(losses)
-4,170
-4,170
Transfers between other funds
-7,760
-7,760
**CHANGES IN RESOURCES**
-347
-7,760
0
-4,027
-12,134
Balance B/F at 1 January
2,824
7,760
0
23,287
33,871
**Balance C/F at 31st December**
**2,477**
**0**
**0**
**19,260**
**21,737**||||||||||292
0
0
0
521
98| |||||||||||911| |||||||||||0
0
276| |||||||||||276
0
0| |||||||||||0| |||||||||||276| |||||||||||635
391
0| |||||||||||1,026
32,845| |||||||||||**33,871**| 6 ## **Consolidated Financial Statements** NORTH WEST LONDON AREA QUAKER MEETING (Religious Society of Friends) ## **Notes to the accounts for the year ended 31 December 2022** |**4**|**Funds**||**Opening Fund**
**Balance**|**Income**|**Expenditure**|**Transfers**
**Gains& Losses**
**Adjustments**||**Fund Balance**
**at 31st**
**December**
**2022**| |---|---|---|---|---|---|---|---|---| |**AM FUNDS**
**_UNRESTRICTED_**
AM General Purposes Fund
22
8,417
1,207
38,241
39,115
**_DESIGNATED_**
AM Inreach/Outreach Fund
77,432
9,227
14,626
(12,592)
**Total AM Designated Funds**
77,432
9,227
14,626
(12,592)
**_RESTRICTED_**
AM Quaker Quest (Euston) Fund
2,824
2
349
0
**Total AM Restricted Funds**
2,824
2
349
0
**TOTAL AM FUNDS**
**88,673**
**10,436**
**53,216**
**26,523**
**LM FUNDS**
**_DESIGNATED_**
**Finchley LM Funds**
General Purposes Fund
23,210
7,006
4,320
-3,750
**Total Finchley Funds**
23,210
7,006
4,320
-3,750
**Friends House LM Funds**
General Purposes Fund
38,898
19,071
15,531
-10,426
**Total Friends House Funds**
38,898
19,071
15,531
-10,426
**Golders Green LM Funds**
General Purposes Fund
14,138
5,407
1,592
3,251
**Total Golders Green Funds**
14,138
5,407
1,592
3,251
**Hampstead LM Funds**
General Purposes Fund
38,701
29,374
3,981
-16,141
**Total Hampstead Funds**
38,701
29,374
3,981
-16,141
**Muswell Hill LM Funds**
General Purposes Fund
12,721
13,223
10,027
-5,261
**Total Muswell Hill Funds**
12,721
13,223
10,027
-5,261
**TOTAL UNRESTRICTED FUNDS**
**127,668**
**74,081**
**35,451**
**-32,327**
**_RESTRICTED_**
Golders Green - Elisabeth Brown Fund
7,760
0
0
-7,760
Golders Green - Loftus Hare Fund
23,287
491
348
-4,170
**Total Restricted Funds**
31,047
491
348
-11,930
**TOTAL LM FUNDS**
**158,715**
**74,572**
**35,799**
**-44,257**
**TOTAL FUNDS**
Unrestricted
Restricted||||||||10,498| |||||||||59,441| |||||||||59,441| |||||||||2,477| |||||||||2,477| |||||||||**72,416**
22,146| |||||||||22,146| |||||||||32,012| |||||||||32,012| |||||||||21,204| |||||||||21,204| |||||||||47,953| |||||||||47,953| |||||||||10,656| |||||||||10,656| |||||||||| |||||||||**133,971**| |||||||||0
19,260| |||||||||19,260| |||||||||**153,231**
**203,910**
**21,737**| |||||||||**225,647**| 7 **Consolidated Financial Statements** NORTH WEST LONDON AREA QUAKER MEETING (Religious Society of Friends) ## **Notes to the accounts for the year ended 31 December 2022** |**6**|**Net hirings paid direct to**
**LQPT**||**Gross**|**Expenses**|**Net**|**2022**|| |---|---|---|---|---|---|---|---| |Finchley
Friends House
Golders Green
Hampstead
Muswell Hill
**TOTAL COLLECTED**
Friends House Meeting has no properties to|||10,048
10,531
-483
1,832
7,689
10,575
-2,886
-8,057
0
5,123
-5,123
11,957
31,340
21,358
9,982
7,621
49,077
47,587
1,490
13,353
let.
**2022**
**Gain/-loss**
**2021**
17,290
-4,170
21,460
25,968
-3,504
29,472
17,019
-4,638
21,657
4,779
-1,543
6,322
18,787
-3,879
22,666
**83,843**
**0**
**-17,734**
**101,577**||||| |**7**|**Investments**||**2022**||**Gain/-loss**|**2021**|| |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 2022**|||||||| 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 reported in the 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 2022** ## **8. Governance costs** Comprise Independent Examination fees |**9. Debtor**AM debtors - prepayments
LM debtors
**10. Creditors represent:**
Independent Examiner
Other creditors
Local Meetings:
other creditors|2022
£
0
12,815
12,815
2022
£
1,050
14,838
15,658
31,546|2021
£
0
15,721| |---|---|---| |||15,721| |||2021
£
1,050
0
19,167| |||20,217| ## **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 £900. Local meetings donations totalled £1,550. |**14. Non Quaker Donations**
Other donations
Citizens UK
**15. Transfers to AM from LM**
Quotas for London Quaker Property Trust
Local Meeting Quotas for AM|2022
£
1500
1,500
£
30,838
8,277
39,115|2021
£
0| |---|---|---| |||0| |||£
30,208
6,316| |||36,524| ## **16. Others** Expenditure on other activities and administration included: - for the General Fund, bookkeeping, catering and expenses incurred for the children's work. - for Quaker Quest, meeting expenses and bank charges. |**ons and Legacies**
Donations and gifts
Legacies
Gift Aid|2022
£
58,454
2,240
6,917
67,611|2021
£
64,652
5,100
13,522| |---|---|---| |||83,274| ## **17. Donations and Legacies** ## **18. Jordans Burial Ground** The payment of £900 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** Comprise High Leigh receipts of £7,533. ## **20. Conferences and Courses** Include £14,117 for High Leigh costs. ## **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 Consolldatad Flnanclal Statomonts NORTH WEST LONDON AREA QUAKER MEETING (Religious Society of Friends) Indo￿ndent Examln&fs R•port to lh• Trusttts of NW London Arna M••fjng I rewt on the accounts of the tnjst lorthe year and•d 31 December 2022. ReS￿tIVe rnsponslblllti•s of Trustaes and examinor The charitys Truste6s arn r8sponstr*>l& forthe preparatiori of Ihe accounts. ttls my re¥A)ns¢￿1￿Y to." lil exarnine the accounts under section 145 of the 2011 char￿￿$ Act Ithg Ad}.. lill to follow the procedures laid down in the general Directions given by the Charity Commission under sectw)n 145 of the Ala., and liiil to stats whether partic￿lar mattern have come to my attention. Basls of Ind•ixnd•nt •Mmin•fs rnport My examination was carried gut in ￿e0rdance th9 9gneral Dirtetions givèn by tho Charity Commission. An examinabon indudes a review of the acc4)unts'ng records kept by the tharity and 8 c(vnpari¥on of tho accounts presènted wth thos8 records. It also indudès eonsid&r8b"on of any unusual rtems or disdosures in the accounts, and seeking explanal￿nS from YOLS as lrnstaas concaming any such matters. The procedures undertaken do not provide all the evidence that would r8quired in an aLtdit, and consequenty I do not express an audit opinion on the view given by the accounts. Independent examln•ffs statement In eonn¢etion with my ox¥mination, no mattter ha$ lo my attention.. lal whKh giv&s m• reasonablo ¢ausè to bolievo that in any mal*rial respect tho rgquirnmonts; lil to kéap accounting record$ in accordancè wth sè¢b"on 130 of thè Art. 8nd li1} to prapare accounts accord Ihe o￿n￿.￿o records and with the ac¢ountFng requirements of the Act.. h8vè not ba8n mèt., or Ibl to vthith. in my opinw)n, attenti￿ should be dravm in order to en*Ag a proFW undgrstsrKling Slgnad Davk1 Stsw Chartere4 Cerknf*d ￿￿ountant 13 N￿￿and5 Road Tunbiidge 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||||2022| |---|---|---|---|---|---|---|---|---|---|---| |||||||||||| |||||||||||| ||||**AM**||**Finchley LM**|**Friends**
**House LM**|**Golders**
**Green LM**|**Hampstead**
**LM**|**Muswell Hill**
**LM**|**2022**| |||||||||||| |**Investments**|||66,553||||17,290|||83,843| |||||||||||| |**Current Assets**||||||||||0| |Debtors|||||3,430|2,289|745|4,065|2,286|12,815| |Cash at bank|||21,751||18,716|29,723|24,868|51,821|13,656|160,535| |Total current assets|||21,751||22,146|32,012|25,613|55,886|15,942|173,350| |||||||||||| |**Current Liabilities**||||||||||| |||||||||||| |Creditors|||15,888||||2,439|7,933|5,286|31,546| |||||||||||| |Current assets less||||||||||| |current liabiliites|||5,863||22,146|32,012|23,174|47,953|10,656|141,804| |||||||||||| |**Total assets**|||72,416||22,146|32,012|40,464|47,953|10,656|225,647| |||||||||||| |Represented by||||||||||| |funds of the Area Meeting||||||||||| |||||||||||| |||||||||||| |Restricted Income Funds|||2,477||||19,260|||21,737| |||||||||||| |Unrestricted Income Funds|||69,939||22,146|32,012|21,204|47,953|10,656|203,910| |||||||||||| ||||72,416||22,146|32,012|40,464|47,953|10,656|225,647|