2023-12-31-accounts - North West London Area Quaker Meeting

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NW LONDON AREA QUAKER MEETING

(RELIGIOUS SOCIETY OF FRIENDS)

https://nwlondon.quakermeeting.org/

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Charity registered no. 1134529

The Trustees Annual Report: 1 January to 31 December 2023

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

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: Tom Bora Chartered Management Accountant 111 Watling Gate 1 297-303 Edgware Road London NW9 6NB

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.

3. Trustees and Key Officers

The Trustees during 2023 were:

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 Anne Charvet – assistant clerk Alan Asay – assistant clerk (membership) David Hickok – treasurer

4. Membership

In 2023 there were 149 people in membership and another 119 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.

7. Risk Assessments, Safeguarding and Policies for Good Governance

The Charity has a number of policies in place for ensuring good governance including a Risk Register and a policy for Safeguarding Children, Young People and Vulnerable Adults, which are each reviewed annually with a substantive review every 3 years.

There was one event during the year that we reported to the Charity Commission as a Serious Incident. As the ‘incident’ also involved Britain Yearly Meeting, an independent and external enquiry was commissioned; however the final report of the enquiry showed that no Serious Incident had ever taken place. The supervision of this complex matter involved many meetings of the trustees and an expense to NWLAM of £5,500, representing half the cost of the enquiry.

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.

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

‘Simple, Radical, Spiritual’ is the banner behind which Quakers are glimpsed.

Simplicity has been pursued during the year in 3 substantive ways. We are considering a proposal to conjoin all the 7 Area Meetings in London into one single Area Meeting so there will be a Quaker voice for this capital city. The London Quaker Property Trust in which the ownership of our properties is vested is rolling out a policy of Better Homes for our Meetings where we simplify our property stock to the strategic benefit of the whole of London. And finally Britain Yearly Meeting has drafted a Memorandum of Understanding so that all the Meetings in Britain share a simple responsibility to good governance.

Radicalism is seen in many ways. Individual members have been involved in the Just Stop Oil campaign; we have welcomed participants from the Ecumenical Accompaniment Programme to speak to us about their role in peace work in Palestine and Israel. Younger Friends have been encouraged to attend the summer school in Geneva run by the Quaker United Nations Organisation where they learn how Quakers influence world governance. And many of us have been involved in Climate Justice work on both the micro, metro and macro level.

Spirituality is manifest in all we do and can be heard in our silent Meetings for Worship that we hold both in person and online. Additionally our five local meetings organise explorative workshops, study sessions and reading groups. We share lunches and last suppers and engage with local communities and other religious organisations in unseen and unforeseen ways. With a single area meeting for the capital there could be a simple, radical, spiritual voice for London.

11. Report of the Treasurer

North West London Area Quaker Meeting continues to enjoy a solid financial position. After reviewing the consolidated 2023 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 £225,647 in 2022 to £204,407, largely as a result of a Hampstead donation to Britain Yearly Meeting (BYM) in 2023 of £27,400 for both 2022 and 2023.

Total consolidated income in 2023 was £82,602 compared to £85,008 in 2022.

Total consolidated expenditures were £89,015 in 2022 and £103,842 in 2023 due to increased donations to BYM.

2023 Consolidated Accounts

The North West London Area Quaker Meeting Consolidated Accounts detail the money received and spent by Area Meeting and Local Meetings) during 2023 and 2022 and show the financial positions at year-end 2023 and 2022. They cover the Area Meeting’s General Fund, which consists primarily of funds transferred by Local Meetings, and the Area and Local Meetings’ Designated and Restricted Funds. The Accounts also show funds held by Local Meetings and payments made by Local Meetings to Area Meeting and passed on to LQPT.

The AM Funds

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 2023, which contained third-party grants - the Quaker Quest (Euston) account. QQE was laid down during 2022.

The AM General Fund received £38,231 from Local Meetings in 2023 and £39,115 in 2022. Quota sent by Area Meeting to LQPT was £30,099 in 2023.

AM General Fund expenses in 2023 included:

£63 in bank charges;

£2683 for account examiner’s fees;

£365 for conferences and courses;

£2156 for other miscellaneous expenses (primarily bookkeeping and software fees); and

£900 to Jordans Burial Ground.

At year-end 2023 the AM General Fund contained £14,422 up from £10,4982 in 2022.

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 2023, the Inreach/Outreach Fund had investment income of £2,218. At year-end its investments were valued at £59,375 compared to £77,366 in 2021 due in part 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. In 2023 it paid a deposit for a future conference and £537 primarily for meeting websites.

The fund balance at year-end 2023 was £59,472.

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 2023 the QQE account held £2,452 compared to £2,824 in 2021. Quaker Quest (Euston) was laid down in 2023. Those funds have been donated to Discovering Quakers, an on-line initiative started by a number of Friends including Geoffrey Durham, formerly a member of Hampstead LM.

Golders Green has one restricted fund: the Loftus Hare fund to be used to support the children of Golders Green LM. This fund is reported in the consolidated AM accounts.

Local Meeting Funds

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 were £79,764 in 2023 and £74,081 in 2022, including gift aid and legacies.

Total consolidated (AM and LM) receipts were 85,008 in 2022 and £82,602 in 2023. The 2022 AM receipts were boosted by participant fees paid for the biannual High Leigh Conference.

Total consolidated (AM and LM) expenses before donations in 2023 were £59,012 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, £30,099 in 2023 and £30,838 in 2022. LM conferences and courses expense amounted to £1,313 in 2022. LM library expense was £521 and bank charges £120. LM meeting running and various other expenses totalled £14,757 in 2023 up from £13,968 in 2023.

Local Meetings donated a total of £39,400 to Britain Yearly Meeting (BYM) inn 2023, up from £16,000 in 2022 and £31,500 in 2021. Two Local Meetings made no contributions to BYM in 2022.

Total 2023 LM donations to other Quaker charities were £1,741.

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. In 2022 there was another drop, but in 2023 net rentals rose to £20,152.

Local Meetings had total funds (excluding the £22,277 Golders Green Restricted Loftus Hare Fund) at year-end of £126,211 in 2022 and £101,460 in 2023.

After taking into account debtors (£17,659, mostly Gift Aid on donations not yet claimed) and creditors (£14,623) total consolidated assets less liabilities at year-end 2023 amounted to

£204,407, of which £128.284 was held in cash and £73,087 in investments. In 2022 total consolidated assets amounted to £225,647 with £12,815 in debtors, £31,546 in creditors, £150,307 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 2023 amounted to £3,300. Other donations and fees amounted to £735, headstone reimbursements were £7,950 and dividends were £266, resulting in a total income of £13,043.

In 2023 upkeep was £1,619 and total expense with headstone and digging and other costs of £8,272 and £1090.

There was an unrealised gain on investments of £1,982.

At year-end 2023 the Jordans Burial Ground operation had reserves of £14,948, including cash at CAF Bank of £3,809, units in COIF Charities Ethical Investment Fund valued at £9366 and £1,772 in debtors. The use of these reserves is controlled by the joint Burial Ground committee. As our Area Meeting does not control these funds they are not fully consolidated in our accounts.

The Trustees Annual Report is signed on behalf of the Trustees by

Tim Heath

17 September 2024

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

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMEBER 2023

Charity Number 1134529

Consolidated Financial Statements

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

Statement of Financial Activities for the year ended 31 Dec 2023

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SOFA 2023 2022
INCOME
Donations 17 - 78,423 - 78,423 - 67,611 - 67,611
Charitable activities - - - - - 7,533 - 7,533
Investment Income 39 2,767 581 3,387 548 1,581 493 2,622
Other Income-Literature, b&b & other sales - 792 - 792 659 6,583 - 7,242
Total Incoming resources 39 81,982 581 82,602 1,207 83,308 493 85,008
EXPENDITURE
CHARITABLE EXPENDITURE:
Activities:
LQPT Quota 30,099 - - 30,099 30,838 - - 30,838
Conferences & courses 345 2,963 3,308 365 14,662 348.00 15,375
Library & literature - 1,058 1,058 - 403 - 403
Meeting Running Expenses 21 - 830 830 - 1,721 - 1,721
Other 16 2,156 14,757 25 16,938 3,102 14,477 349.00 17,928
Bank charges 63 120 183 86 162 248
32,663 19,728 25 52,416 34,391 31,425 697 66,513
Premises not chargeable to LQPT - 6,596 - 6,596 - 690 - 690
Donations, Subs etc. sent:
To Yearly Meeting - 39,400 - 39,400 - 16,000 - 16,000
To Other Quaker 13 - 1,741 - 1,741 1,300 1,550 - 2,850
To Non Quaker 14 - 480 - 480 1,500 - - 1,500
Subscriptions - 526 - 526 0 412 - 412
Total donations etc. - 42,147 - 42,147 2,800 17,962 - 20,762
32,663 68,471 25 101,159 37,191 50,077 697 87,965
Governance 8 2,683 - - 2,683 1,050 - - 1,050
TOTAL RESOURCES USED 35,346 68,471 25 103,842 38,241 50,077 697 89,015
INCOMING RESOURCES less
RESOURCES USED before transfers -35,307 13,511 556 -21,240 -37,034 33,231 -204 -4,007
Transfers and Investment
Transfers to AM from LM 15 38,231 -38,231 - - 39,115 -39,115 - -
Transfer between funds - - - - - 7,760 -7,760 -
Acting as Agent in 5 - 4,953 - 4,953 - 6,013 - 6,013
Acting as Agent out - -6,180 - -6,180 - -6,013 - -6,013
Realised Gains/-losses on investments - - - - - - - -
Unrealised gains/-losses on investments 7 - - - - - -13,564 -4,170 -17,734
Total transfers and gains 38,231 -39,458 - -1,227 39,115 -44,919 -11,930 -17,734
CHANGES IN RESOURCES 2,924 -24,720 556 -21,240 2,081 -11,688 -12,134 -21,741
Balance B/F at 1 January 10,498 193,412 21,737 225,647 8,417 205,100 33,871 247,388
Balance C/F at 31st December 13,422 168,692 22,293 204,407 10,498 193,412 21,737 225,647
REPRESENTED BY:
Current Assets
Debtors 9 282 17,377 - 17,659 - 12,815 - 12,815
Cash at bank & in hand 20,306 102,975 5,003 128,284 19,208 136,880 4,447 160,535
Total current assets 20,588 120,352 5,003 145,943 19,208 149,695 4,447 173,350
LESS creditors due within 1 year 10 7,166 7,457 - 14,623 15,888 15,658 - 31,546
Current assets less current liabilities 13,422 112,895 5,003 131,320 3,320 134,037 4,447 141,804
Fixed Assets: Investments 7 - 55,797 17,290 73,087 7,178 59,375 17,290 83,843
TOTAL ASSETS LESS LIABILITIES 13,422 168,692 22,293 204,407 10,498 193,412 21,737 225,647
1) 1)
Notes Fund Funds Fund Funds
AM General Designated Funds (Note Restricted AM General Designated Funds (Note Restricted
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Consolidated Financial Statements

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

Balance Sheet at 31 December 2023

Notes 2023 Fixed Assets: Investments 7 73,087 Current Assets Debtors 9 17,659 Cash at bank & in hand 128,284 Total current assets 145,943 LESS Creditors due within 1 year 10 14,623 Current Assets less current liabilities 131,320 Total Assets 204,407 Represented by the funds of the Area Meeting Restricted Income Funds 3 22,293 Unrestricted Income Funds 1 182,114 204,407	2022
	83,843 12,815 160,535 173,350 31,546 141,804 225,647 21,737 203,910 225,647

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

Tim Heath

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

17 September 2024.............................................................................. Dated

Consolidated Financial Statements

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

FOR THE YEAR ENDED 31ST DECEMBER 2023

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 charitable 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 funds 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 work of the meeting are accounted for when payable

Tangible fixed assets

Expenditure on tangible fixed assets is written off when incurred.

Consolidated Financial Statements

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

Notes to the accounts for the year ended 31 December 2023

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Note Unrestricted Designated Funds
1 Designated Funds 2023 2022
INCOME
Donations 62,272 62,272 62,272 58,454
Income Tax Reimbursed 16,151 16,151 16,151 6,917
Activities 19 - - - 7,533
Grants & Legacies - - - 2,240
Bank Interest 39 445 445 484 26
Investment Income - 2,218 104 2,322 2,322 2,103
Other income-literature, b&b &
other sales 792 792 792 7,242
Total Incoming resources 39 2,218 79,764 81,982 82,021 84,515
Resouces Expended
Cost of Generating Funds
Fundraising - - - -
NET INCOMING RESOURCES AVAILABLE
FOR CHARITABLE APPLICATION 39 2,218 79,764 81,982 82,021 84,515
EXPENDITURE
CHARITABLE EXPENDITURE
Activities:
LQPT Quota 30,099 - - 30,099 30,838
Conferences & Courses 20 345 1,650 1,313 2,963 3,308 14,662
Distribution, Advertising & Literature - 537 521 1,058 1,058 403
Meeting Running Expenses 21 830 830 830 1,721
Other 16 2,156 14,757 14,757 16,913 17,579
Bank charges 63 120 120 183 248
Total Activities 32,663 - - 2,187 - 17,541 19,728 52,391 65,451
Premises not chargeable to LQPT 6,596 6,596 6,596 690
Donations, Subs etc. sent: - - - -
To Yearly Meeting 39,400 39,400 39,400 16,000
To Other Quaker 13 1,741 1,741 1,741 2,850
To Non Quaker 14 480 480 480 1,500
Subscriptions 526 526 526 412
Total donations etc. - 42,147 42,147 42,147 20,762
TOTAL DIRECT EXPENDITURE 32,663 2,187 66,284 68,471 101,134 86,213
OTHER EXPENDITURE
Governance 8 2,683 - - 2,683 1,050
TOTAL OTHER EXPENDITURE 2,683 - 2,683 1,050
TOTAL RESOURCES USED 35,346 2,187 66,284 68,471 103,817 87,263
INCOMING RESOURCES LESS
RESOURCES USED before transfers -35,307 # - - 31 - 13,480 13,511 -21,796 2,748
Transfers and Investment
Transfers to AM from LM 15 38,231 -38,231 -38,231 - -
Transfers between funds 15 - - - - 7,760
Acting as Agent In 5 4,953 4,953 4,953 6,013
Acting as Agent Out -6,180 -6,180 -6,180 -6,013
Realised gains/-losses on investments - - - -
Unrealised gains/-losses on investme 7 - - - - - -13,564
and gains 38,231 - - -39,458 -39,458 -1,227 -5,804
CHANGES IN RESOURCES 2,924 31 - -24,751 -24,720 -21,796 -9,607
Adj to opening balances
Balance B/F at 1 January 10,498 59,441 133,971 193,412 203,910 213,517
Balance C/F at 31st December 13,422 59,472 109,220 168,692 182,114 203,910
Notes Fund h Fund (Note2) Funds
AM General
Inreach/Outreac Local Meetings Total Designated
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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 2023

Note

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2 Local Meeting Funds 2023 2022
Income
Contributions, Donations &
Collections 6,044 12,314 5,886 29,116 8,912 62,272 58,454
Income Tax Reimbursed 1,542 2,913 1,220 8,300 2,176 16,151 6,917
Activities - - - - - - -
- - - - - -
Grants & Legacies 2,066
Bank Interest - 445 - - - 445 26
Investment Income 32 72 104 35
Other income-literature & other
sales 32 - - 760 - 792 6,583
Total Incoming resources 7,618 15,672 7,138 38,176 11,160 79,764 74,081
Resouces Expended
Cost of Generating Funds
- -
Fundraising
NET INCOMING RESOURCES AVAILABLE
APPLICATION 7,618 15,672 7,138 38,176 11,160 79,764 74,081
EXPENDITURE
CHARITABLE EXPENDITURE
Activities:
Conferences & Courses 810 - - 370 133 1,313 545
Library & Literature - - - 483 38 521 403
Meeting Running Expenses 130 - - 644 56 830 1,721
Other 387 8,073 1,072 5,146 79 14,757 13,968
Bank charges - 60 60 - - 120 162
Total Activities 1,327 8,133 1,132 6,643 306 17,541 16,799
Premises not chargeable to LQPT 3,215 - - 2,698 683 6,596 690
Donations, Subs etc. sent:
-
To Yearly Meeting 2,000 4,000 27,400 6,000 39,400 16,000
To Other Quaker 75 200 66 1,200 200 1,741 1,550
To Non Quaker 480 480 -
Subscriptions 114 412 526 412
Total donations etc. 2,075 4,200 180 29,080 6,612 42,147 17,962
TOTAL DIRECT EXPENDITURE 6,617 12,333 1,312 38,421 7,601 66,284 35,451
OTHER EXPENDITURE
TOTAL OTHER EXPENDITURE
TOTAL RESOURCES USED 6,617 12,333 1,312 38,421 7,601 66,284 35,451
INCOMING RESOURCES less
RESOURCES USED before transfers 1,001 3,339 5,826 -245 3,559 13,480 38,630
Transfers and Investment
Transfers to AM from LM 15 -2,736 -10,020 -4,457 -15,545 -5,473 -38,231 -39,115
Transfers between funds 15 - - - - - - 6,788
Acting as Agent In 837 - 371 1,928 1,817 4,953 6,013
Acting as Agent Out -837 - -637 -2,902 -1,804 -6,180 -6,013
- -
Gains/-losses on investments
Total transfers and gains -2,736 -10,020 -4,457 -15,545 -5,473 -39,458 -32,327
CHANGES IN RESOURCES -1,735 -6,681 1,369 -15,790 -1,914 -24,751 6,303
Balance B/F at 1 January 22,146 32,012 21,204 47,953 10,656 133,971 127,668
Balance C/F at 31st December 20,411 25,331 22,573 32,163 8,742 109,220 133,971
LM LM
Finchley LM Friends House LM Golders Green LM Hampstead Muswell Hill
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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 2023

Note

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3 Restricted Funds 2023 2022
Income
Contributions, Donations & Collections - - -
Activities - -
Grants & Legacies - -
Income tax reimbursed - -
Investment Income - 581 581 493
Other income - -
NET INCOMING RESOURCES AVAILABLE
FOR CHARITABLE APPLICATION - - - - - 581 581 493
EXPENDITURE
CHARITABLE EXPENDITURE
Activities:
Conferences & Courses - - 348
Distribution & Advertising - 0
Other 25 25 349
Total Activities 25 - - - - - 25 697
Donations, Subs etc. sent:
- -
To Yearly Meeting
To Other Quaker - -
Total Donations etc - - - - - -
TOTAL DIRECT EXPENDITURE 25 - - - - - 25 697
INCOMING RESOURCES less
RESOURCES USED before transfers - 25 - - - - 581 556 -204
Investment gains/(losses - -4,170
Transfers between other funds - - -7,760
CHANGES IN RESOURCES - 25 - - - - 581 556 -12,134
Balance B/F at 1 January 2,477 - - 19,260 21,737 33,871
B alance C/F at 31st December 2,452 - - - - 19,841 22,293 21,737
Hare
Euston Quaker Quest Golders Green- Loftus
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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 2023

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4 Funds
AM FUNDS
UNRESTRICTED
AM General Purpose Fund 22 10,498 39 35,346 38,231 13,422
DESIGNATED
AM Inreach/Outreach Fund 59,441 2,218 2,187 - 59,472
Total AM Designated Funds 59,441 2,218 2,187 - 59,472
RESTRICTED
AM Quakers Quest ( Euston) Fund 2,477 - 25 - 2,452
Total AM Restricted Funds 2,477 - 25 - 2,452
TOTAL AM FUND 72,416 2,257 37,558 38,231 75,346
LM FUNDS
DESIGNATED
Finchley LM Funds
General purpose Funds 22,146 7,618 6,617 -2,736 20,411
Total Finchley Funds 22,146 7,618 6,617 -2,736 20,411
Friends House LM Funds
General purpose Funds 32,012 15,672 12,333 -10,020 25,331
Total Friends House Funds 32,012 15,672 12,333 -10,020 25,331
Golders Green LM Funds
General purpose Funds 21,204 7,138 1,312 -4,457 22,573
Total Golders Green Funds 21,204 7,138 1,312 -4,457 22,573
Hampstead LM Funds
General purpose Funds 47,953 38,176 38,421 -15,545 32,163
Total Hampstead Funds 47,953 38,176 38,421 -15,545 32,163
Muswell Hill LM Funds
General purpose Funds 10,656 11,160 7,601 -5,473 8,742
Total Muswell Funds 10,656 11,160 7,601 -5,473 8,742
TOTAL UNRESTRICTED FUNDS 133,971 79,764 66,284 -38,231 109,220
RESTRICTED
- - - - 0
Golders Green- Loftus Hare Fund 19,260 581 - - 19,841
Total restricted Funds 19,260 581 - - 19,841
TOTAL LM FUNDS 153,231 80,345 66,284 -38,231 - 129,061
TOTAL FUNDS
Unrestricted 182,114
Restricted 22,293
204,407
2023
Balance Income
Expenditure
Opening Fund Transfers Gains & Losses Adjustment Fund Balance at 31st December
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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 2023

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5 Acting as Agent
Finchley 837.00 837.00 - 338
Friends House - - - -
Golders Green 371.00 637.00 -266 236
Hampstead 1,928.00 2,902.00 -974 4,228
Muswell Hill 1,817.00 1,804.00 13.00 1,211
TOTAL COLLECTED 4,953 6,180 -1,227 6,013
Also acting as agent, but included separately below are payments to London Quaker Property Trust
6 Net hiring paid direct to LQPT
Finchley 13,223 10,977 2,246 1,832
Friends House
Golders Green 8,029 15,071 -7,042 -8,057
Hampstead 35,884 27,831 8,053 11,957
Muswell Hill 42,332 25,437 16,895 7,621
TOTAL COLLECTED 99,468 79,316 20,152 13,353
Friends House Meeting has no properties to let.
7 Investments 2022 Sold 2023
Golders Green- Loftus Hare (Restricted) 17,290 - 17,290
Designated Funds
F&C Responsible UK income Fund 25,968 - 25,968
Kames Ethical Cautious Managed Fund A 17,019 - 17,019
Epworth Affirmative Fixed Interest Fund 4,779 4,756.00 23
Ecclesiastical Amity Sterling Bond Fund A 18,787 6,000.00 12,787
Market Value of Investments
at 31 Dec 2023 83,843 0 10,756 73,087
Acting Agent In Acting Agent Out Net 2023 Agent in 2022
Gross
Expenses Net 2023 Net 2022
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The investments sold in the year were worth £10,756

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 profit in 2023 of £1,982 on revenues of £13,043 including the contribution by NWLAM reported in the accounts and year-end assets of £14,948. We have not participated in the preparation or examination of committee's accounts.

Consolidated Financial Statements

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

Additional notes to the accounts for the year ended 31 December 2023

8 Governance costs

Comprise Independent Examination fees

9 DebtorAM debtors-prepayments LM debtors 10 Creditors represent: Independent Examiner Other creditors Local Meetings: other creditors	2023 2022 £ £ 282 - 17,377 12,815 17,659 12,815 2023 2022 £ £ 2,683 1,050 4,483 14,838 7,457 15,658 14,623 31,546

11 Staff Costs

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

12 Trustees

No trustee received any remuneration during the year

13 Other Quaker Donations

Area Meeting Other Quaker donations comprises contributions to Jordans Burial Ground of £900. Local meeting donations totalled £1,741.

14 Non Quaker Donations Other donations 15 Transfers to AM from LM Quotas for London Quaker Property Trust Local Meeting Quotas for AM	2023 2022 £ £ 480 1,500 480 1,500 £ £ 30,099 30,838 8,132 8,277 38,231 39,115

16 Other

Expenditure on the 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.

17 Donations and legacies Donations and gifts Legacies Gift Aid	2023 2022 £ £ 62,272 58,454 - 2,240 16,151 6,917 78,423 67,611

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 £8500.

19 Activities

Comprise None High Leigh receipts this year

20 Conference and Courses

Include £1,000 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 Purpose Fund

The transfers were primarily to Area Meeting from Local Meetings.

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 2023

Respective responsibilities of Trustees and examiner

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

It is responsibility to:

(i) examine the accounts under section 145 of the 2011 Charities Act ( the Act):

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

(iii) to state whether particular matters have come to my attention.

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 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:

(a) which gives me reasonable cause to believe that in any material respect the requirement;

(i) to keep accounting records in accordance with section 130 of the Act; and

(ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements to the Act; have not been met; or

(b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

........................................................... Signed

17 September 2024 ~~.~~ ................................. Dated

Tom Bora

Chartered Management Accountant 111 Watling Gate 1 297-303 Edgware Road London NW9 6NB