OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Nottinghamshire And Derbyshire Area Quaker Meeting

2023-12-31-accounts

Nottinghamshire and Derbyshire Area Quaker Meeting of the Religious Society of Friends Annual Report and Accounts 2023

ANNUAL REPORT: CONTENTS

The annual report and accounts for Nottinghamshire and Derbyshire Area Quaker Meeting, usually abbreviated to Notts & Derby Area Quaker Meeting (N&DAQM), for the year 1 January 2023 to 31 December 2023. The report is based on contributions received from local meetings, Area Meeting role holders and the Area Meeting trustees.

Page Item

a nd

  1. Funding the concerns that Quaker Meetings in the area of Notts and Derbyshire AQM or beyond have adopted or agreed to support

  2. 11 5. Providing for the pastoral care of individual Friends, including assistance to those in need and for education

  3. 12 6. Maintaining and developing our meeting houses as places for public worship and from which to carry out our witness to the world

  4. 13 7. Administering and maintaining the organisation of Nottinghamshire and Derbyshire Area Quaker Meeting and contributing to the support of Britain Yearly Meeting

  5. 14 Celebrating successes and achievements

  6. 15 Reflecting on difficulties and challenges

  7. 16 Area Meeting Membership

1

2

Annual Report Of Nottinghamshire and Derbyshire Area Quaker Meeting of the Religious Society of Friends (Quakers) nottsandderbyquakers.org.uk

Charity Registration Number 1134531

Address:

Friends Meeting House, 25 Clarendon Street, Nottingham NG1 5JD Website www.nottsandderbyquakers.org.uk

Status and Objectives

The Religious Society of Friends in Britain is a Christian denomination established in the seventeenth century. In legal terms it is a charity for the advancement of religion. Britain Yearly Meeting is the final constitutional authority of the Religious Society of Friends in Great Britain. Its membership consists of all those who belong to its Area Meetings. Nottinghamshire and Derbyshire Area Quaker Meeting is one of the constituent Area Meetings within Britain Yearly Meeting (BYM).

The object of Nottinghamshire and Derbyshire Area Quaker Meeting is the furtherance of the general religious and charitable purposes of the Religious Society of Friends (Quakers) in Britain in the area of Nottinghamshire and Derbyshire and beyond.

This report covers the year 1[st] January 2023 to 31[st] December 2023.

It sets out the charitable objectives in more detail and gives some examples of how they are met. In it, trustees have sought to give as faithful as possible an account of the ways Nottinghamshire and Derbyshire Area Quaker Meeting has worked to these charitable objectives, and to meet its legal, financial, spiritual and social responsibilities.

Quaker Meeting for Worship (MfW) is the bedrock of Quaker faith and practice. Details of meetings for worship held by our eight constituent Local Meetings (LMs) are set out on the next page. Bingham Local Meeting laid itself down in 2022, and Bingham Friends continued to meet in each others’ homes in 2023 as a worshipping group[1] .

This is followed by a brief outline of activities in our various local meetings – activities undertaken by meetings as a whole as well as individual Friends (the word ‘Friend’ is used interchangeably with ‘Quaker’). This includes successes and achievements in 2023, and reflections on the difficulties and challenges faced.

1 Worshipping groups are not open to the public. Bingham Friends are now recorded as individual unattached members of the Area Meeting.

3

Quaker Meetings in Nottinghamshire and Derbyshire Area Quaker Meeting: Details of Meetings for Worship 2

Bakewell Friends Meeting House Chapel Row, Matlock Street. Bakewell, DE45 1EL Meeting for Worship: each Sunday at 10.30am

Beeston Meeting is held at Chilwell Memorial Hall, 128 High Road, Chilwell, NG9 4AT Meeting for Worship: each Sunday at 10.30am

Chesterfield Friends Meeting House 27 Ashgate Road, Chesterfield, S40 4AG Meeting for Worship: each Sunday at 10.30am

Derby Friends Meeting House, St Helen’s Street, Derby, DE1 3GY Meeting for Worship: each Sunday at 10.45am and each Tuesday at 12.30pm

Fritchley Friends Meeting House Chapel Street, Fritchley, Belper, DE56 2FR Meeting for Worship: each Sunday at 11am

Mansfield Friends Meeting House Rosemary Street, Mansfield, NG19 6AB Meeting for Worship: each Sunday at 10.30am

Nottingham Friends Meeting House 25 Clarendon Street, Nottingham, NG1 5JD Meeting for Worship: Each Sunday at 10.30am and each Thursday at 1pm.

Worksop Meeting is held in Upstairs Meeting Room, Crossing Church and Centre, Newcastle Street, Worksop S80 2AT Meeting for Worship: 1[st] , 2[nd ] and 4[th] Sundays at 10.15am

2 Details correct as of 31[st] December 2023. Please see the Area Meeting website for any updates, directions etc.:

nottsandderbyquakers.org.uk

4

All our local meetings have contributed notes about their activities and practice over 2023 which have helped our Area Quaker Meeting to meet its charitable objectives.

1. Strengthening the Life and Witness of Quaker Meetings both in the area of Notts and Derby Area Quaker Meeting and beyond.

The Quaker Meeting for Worship is the bedrock of the Quaker community, its spiritual and practical life:

“A meeting for worship usually lasts for an hour. In Quaker worship there are no ministers or creeds. We first gather together in silence to quiet our minds …. In the stillness we open our hearts and lives to new insights and guidance. Sometimes we are moved to share what we discover with those present. We call this 'ministry'.[3] ” All the local meetings regularly held Sunday meetings for worship in person, as detailed above on page 4. In addition, some held weekday meetings, and additional meetings in outside venues apart from their Meeting House.

3 - - - ‘How Quakers worship’ www.quaker.org.uk/faith/our faith/how quakers worship

5

Building Community and Enriching Friends’ Spiritual Lives:

Worksop Walk: A very 'atmospheric' day at Clumber Park 21/1/23

Meetings remained small, one meeting reported that “We continue[d] to be prepared for any visiting children or young people with safeguarding, training and materials [in place].” Nottingham held a children’s meeting

4 The Book of Christian Discipline of the Yearly Meeting of the Religious Society of Friends (Quakers) in Britain. An online copy is available at https://qfp.quaker.org.uk/

6

every 2[nd] and 4[th] Sunday, and all age worship twice a year (summer and Christmas).

2. Spreading the message of Quakers and developing the thought and practice of the Religious Society of Friends

It is not possible to report the full extent of activities undertaken by Friends in their own localities and in the wider community. Local meetings have however cited a variety of examples of ways they helped to promote Quakerism and develop Quaker thought and practice over the past year, as individual Friends and as Meetings, by working together with other faith groups, and living our Quaker testimonies.

2(a) Some examples of interfaith work included

2(b) Examples of working for the Quaker Peace Testimony included

7

Friends attended the protest against the arms trade and DSEI (Defence and Security Equipment International) Fair in London.

The journey continues: “In October 2023 I left the Journey For Peace book with Redlands Meeting in Bristol...”

2(c) Work and practice relevant to the Quaker testimony on equality in 2023 included:

8

welcome, building alliances with groups opposing racism and to work to change the laws on destitution, detention, deportations and removals”[5] .

Mansfield: addressing the issues of Islamophobia in the Mansfield/Ashfield area.

of Quakers to all who visit.

Book launch at Nottingham Meeting House, December 2023 (photo courtesy of Five Leaves Bookshop)

2(d) Testimony on Simplicity: “The heart of Quaker ethics is summed up in the word ‘simplicity’. Simplicity is forgetfulness of self and remembrance of our humble status as waiting servants of God…”[7]

seminar on Simpler Meetings, facilitated by the Quaker Local Support Worker for the East Midlands.

5 See Quakers in Britain website for further information on Quaker Sanctuary Meetings: https://www.quaker.org.uk/

6 Jonathan Doering, Nim Njuguna: Enlarging the Tent : Two Quakers in Conversation About Racial Justice Dialogues and Worksheets

7 Simplicity and Equality: QF&P 20.27 https://qfp.quaker.org.uk/passage/20-27/

9

2(e) Sustainability and the Environment

Simpler meetings are one way of endeavouring to make our meetings organisationally more sustainable, and sustainability is also of fundamental importance in Friends’ concern and testimony on the environment. Our Meeting Houses have all sought ways of making their buildings more environmentally efficient by for example improving insulation; one revitalised a solar water heating system; Friends also took personal action at home (fitting heat pumps, installing a battery to

store solar energy, fitting water butts etc).

3. Undertaking Quaker service for the relief of suffering at home and abroad and

4. Funding the concerns that Quaker Meetings in the area have agreed to support

As with many of our charitable objectives, there was considerable overlap between them, and the notes below relate to both of these objectives. As detailed above, local meetings have made regular collections to support specific named charities at home and abroad. Individually and collectively (as a Local and an Area Meeting) Friends have supported Quaker organisations including Northern Friends Peace Board and Britain Yearly Meeting. In addition there were many practical ways that Friends have worked and contributed their time and resources. Acts of practical support, whether small or large, can help to make a difference, and these included:

10

5. Providing for the pastoral care of individual Friends, including assistance to those in need and for education

Quaker Faith and Practice gives detailed guidance on the responsibilities of both eldership and pastoral care (formerly called oversight); it is recognised that there is considerable overlap between the two and of primary importance is “to meet regularly to uphold the meeting and its members in prayer”, and “ to encourage attendance at meeting for worship…. ensure that the pastoral needs of everyone associated with the meeting are being noticed...”[8]

Bakewell MH: ready for Meeting for Worship on Sunday. See also page 12. 

  - One meeting reports _“we had a full team of three Elders for 2023, supported by a larger team of Duty Elders who share the load [by takeing] responsibility for the Sunday Meeting for Worship on a rota basis…. We have had two appointed Pastoral Friends in place over the year. The meeting sees pastoral care as a shared responsibility.”_ (Bakewell LM)

  - The four of our smaller Local Meetings were recorded as operating a system of collective responsibility for eldership and pastoral care[9] .

  - Beeston reported: “ _We maintained good contact_

8 https://qfp.quaker.org.uk/ chapter 12 para. 12 and 13

9 Tabular Statement of Notts & Derby Area Meeting, at 31 December 2023

11

staying connected via phone calls etc.” and “ Friends endeavour to offer lifts to Meeting for Worship and other meetings and events to those without their own transport.” (Chesterfield Meeting)

6. Maintaining and developing our meeting houses as places for public worship and from which to carry out our witness to the world

The Area Meeting owns six meeting houses. Whilst trustees carry overall responsibility for these, day to day running and maintenance is carried out by Friends at the local meetings, by appointing premises’ or stewardship committees who consult with trustees regarding any major decisions. Without each local meeting’s knowledge, hard work, care and diligence, maintaining and developing our meeting houses would not be possible.

Bakewell MH: set up for a community event one Saturday.

7. Administering and maintaining the organisation of Nottinghamshire and Derbyshire Area Quaker Meeting and contributing to the support of Britain Yearly Meeting

10 See https://www.quaker.org.uk/faith/quaker-life for details of the work of Quaker Life

11 Meeting House Matters | Quakers in Britain

13

Successes and Achievements All the local meetings were invited to identify successes and achievements. Amongst these

Mansfield: their notice board acts as a good information point about Quakers for visiting groups

meeting. It reported :” We have a vibrant community. A number of young

14

Quakers/Attenders from the two universities [started] to attend Meeting on Sundays and we have a good deal of new attenders…. Children’s Meeting restarted in earnest and regularly hosted 4-6 children.”

15

the lives of Friends in 2023. They too have fewer active people to undertake roles: “In response we are looking at slimming down the number of formal roles, sharing responsibility across teams of Friends, and using paid assistance with the management of the Meeting House.”

Area Meeting Membership

Overall membership in 2023 was 231. This compares with 232 in 2022. In addition there were 129 Attenders (Friends identified by LMs (Local Meetings) as in regular attendance at Meeting for Worship, but not in formal membership) giving an overall total of 360.

The area meeting appointed a new Supporting Friends’ Co-ordinator in September 2023, the previous co-ordinator having completed her period of office after extending it by a year. The new co-ordinator reported:

“During 2023, five people have been accepted into Membership – two at Chesterfield Local Meeting, one at Beeston, one at Fritchley, and one at Worksop. One Transfer Out was accepted, and one Laying Down of Membership. “In June 2023 the Area Meeting sent its response to Meeting for Sufferings with reflections and varied views on Membership from across our Area Meeting. It was felt that membership is still necessary, but that the present process is cumbersome and that it should be possible to be a member of Britain Yearly Meeting and not just one Area Meeting.”

The Area Meeting Membership Clerk extended her period of service into 2024 to ensure timely submission of the Area tabular statement for 2023 to Britain Yearly Meeting. She also reported ongoing important work: “The list of members needs more accurate updating; this will involve working with all the local meetings. I would be very happy to work together with the new Membership Clerk (when appointed) to hand over this and all other parts of the role.”

Quaker Meeting for Business

The Area Meeting in Session – its Meeting for Business - is the major decision making body of the area Quaker meeting. It is also responsible for appointing Area Meeting role holders, including the Area Meeting clerk and co-clerk or correspondence clerk, the treasurer and assistant treasurer, the elders and pastoral friends to serve in local meetings, and the charity’s trustees. It appoints a nominations committee to assist in this process by bringing forward names of Friends able to serve in these roles.

It should be noted that our area meeting was unable to appoint a co-clerk, or an assistant treasurer, in 2023. This reflects difficulties experienced across many

16

Quaker meetings, both at local and area levels, in making appointments at this time.

It is a central tenet of Quaker understanding that all life is sacred and that there is no clear demarcation between the sacred and the secular. It is in this spirit that Quakers refer to their business meetings as 'meetings for worship for business'. Quaker business meetings (whether at local, area, or national level) seek discernment rather than consensus in their decision making, by utilizing quiet reflection and spiritual guidance rather than heated debate. The clerk is both a member of the meeting, and its servant (“an official who whose role lies somewhere between chairperson, secretary, and servant!”[12] and will ‘stand away from the table’ if they wish to contribute to discussion around an issue. They will write a minute at an appropriate time, reading it back to the meeting to ask if it is acceptable.

Notts and Derby Area Meeting for Worship for Business met in session four times in 2023, each time by Zoom. The Correspondence Clerk acted as Minuting Clerk for three of these meetings; one meeting was co-clerked by a Friend acting as clerk ‘this time’.

The Correspondence Clerk played an important part in strengthening the life and witness of the local meetings and area meeting in 2023, ensuring that business continued by holding regular area meetings, contacting Local meetings, collating replies to requests from Meeting for Sufferings. In addition she kept lists of role holders, liaised with trustees and visited local meetings when this was possible. Lack of communication between local meetings and not enough attendees at Area Meetings were seen as challenges. Looking Forward to 2024, outreach linked to the 400th anniversary of the birth of George Fox is seen as an opportunity. The Correspondence Clerk combined the role with Website Administrator for the Area Meeting.

12 S. Jocelyn Burnell: Broken for Life (The 1989 Swarthmore Lecture) p2

17

Safeguarding

Safeguarding remained a central responsibility for trustees, underscored by the appointment of a new Safeguarding Co-ordinator by the Area Meeting in March 2023, who reported:

“Close collaboration between the Lead Trustee for Safeguarding and the Area Meeting Safeguarding Co-ordinator ensures that the Trustee Body stays abreast of any significant developments. Supported by local meeting Safeguarding Friends, they diligently execute the safeguarding policy throughout our meetings. A comprehensive review of the Safeguarding Policy led to minor updates, prioritising its relevance. Despite the limited number of children attending some of our local meetings, consistent adherence to our policy is imperative for their safety during meetings, activities, and events. Moreover, we acknowledge the expanding responsibility for safeguarding adults, particularly within an ageing membership demographic.

“To foster best practices, the Area Safeguarding Co-ordinator engaged with counterparts in York to exchange insights on policy implementation. Such collaborative efforts aim to fortify our ability to safeguard our membership effectively. We continue to maintain our membership with Thirtyone:eight [31:8], a leading organisation providing safeguarding advice and training. The Safeguarding Coordinator has actively participated in various courses offered, including 'How to protect adults from harm', 'Managing offenders', and a comprehensive two-day training for 'Safeguarding Leads'.”

Eldership and Pastoral Care

As stated above, Elders and Pastoral Friends are appointed by the area meeting in session, to serve in their individual local meetings (see also page 11 above). The group of elders and pastoral friends met twice in 2023. In May, amongst other matters, they discussed the importance of each considering the needs of other meetings besides their own local meeting. For meetings which did not have specially appointed Friends (but a shared responsibility) it was an opportunity to consider how these roles might be carried out. In the November meeting, they looked at the importance of involving the whole worshipping community in discussions about how to organise the Local Meeting and share responsibility: everyone can make a contribution.

18

List of Trustees

Trustees serving the Nottinghamshire and Derbyshire Area Quaker Meeting in 2023 were

Name Appointed (and re-
appointed)		 Served/serving until
David King 19thMay 2018
(Re-appointed
19thMay 2021)		 18th May 2024
Gwen Schaffer 10thSeptember 2022 10th September 2025.
Grant Fletcher-Harrison 11thJuly 2020 10th July 2023
Zoe Jackson 11thJuly 2020 10th July 2023
Clerk to Trustees13 10th July 2023
Roger Ibbett 12thSeptember 2020
(Re-appointed
11thSeptember 2023)		 11thSeptember 2026
Clerk to Trustees 11th December 2023 11th September 2025
Ian Forrester 12thFebruary2022 12thFebruary2025
Paul Nicholas 10thJune 2023 10thJune 2026

Holding Trustees

Friends Trusts Limited, Friends House, 173 -177 Euston Road, London, NW1 2BJ

Trustees Report

In 2023 the Trustees met nine times. For a period (10/7/23 – 11/12/23) the area meeting had been unable to appoint a Clerk to Trustees, and during this period trustees undertook the duties by agreement and on an ad hoc basis. In addition to the trustees, the Area Meeting treasurer attends meetings in an ex-officio capacity.

Data from questionnaires circulated to local meetings by the Clerk to Trustees early in 2023 high lighted:

13 Note that the Clerk is a fully functioning member of the trustees’ body as well as its servant, as explained in the section on Quaker Meeting for Business, page 17 above

19

It will be noted from the report above that some of these issues have been addressed with a certain measure of success; others remain problematic in particular appointments to various key roles both at area and local level (including, at area level: assistant treasurer and a co-clerk to work with the correspondence clerk, as well as more trustees, and Friends from different local meetings to serve on the area nominations committee).

In 2023, and in addition to its various responsibilities relating to premises (and residential accommodation) owned by the Area Meeting trustees:

20

trends of declining membership and attendance. Economic demands, familial and community duties and other pressures on Friends have limited their abilities to serve the Meeting.

Governance

The charity is run in accordance with our governing document, adopted on 19th July 2008, updated May 2022 and a Charity Commission Scheme dated 8th June 2015.

The AM in session appoints trustees, after nomination by the AM Nominations Committee. We encourage new trustees to attend the “Being a Quaker Trustee” course held by Woodbrooke Quaker Study Centre, unless they have recent relevant Quaker trustee experience.

Public Benefit

Our charitable aims and public benefit are set out in this report, along with examples of how we met them in 2023.

Trustees’ Statement

The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales to the best of their ability. As an AM we offer public religious worship and maintain buildings for this purpose. This fulfils our central charitable purpose of advancing religion. We work to create Quaker communities where learning, pastoral care and other activities enrich our lives. This enables us to serve society on local, national and international levels.

21

Structure of the AM

As stated above, we have eight constituent LMs: Bakewell, Beeston, Chesterfield, Derby, Fritchley, Mansfield, Nottingham and Worksop. Six of these use Meeting Houses owned by the AM.

Though Trustees and the AM hold overall responsibility, much of the day-to-day running of our LMs and Meeting Houses is done by LMs. This is in line with our Equality testimony. Each LM works to fulfil our charitable aims as they feel led through Meetings for Worship for Business.

Financial Management

Our Area Meeting Treasurer, and Assistant Area Meeting Treasurer (to June 2023), have undertaken the day-to-day management of the Area Meeting’s finances and the five Area Meeting funds, which they carried out on behalf of the trustees. The Treasurer regularly attended trustees’ meetings and prepared the Area Meeting budget and collation of the annual accounts.

Specific aspects of our financial management have included:

Financial Management

Our Area Meeting Treasurer has undertaken the day to day management of the Area Meeting’s finances and the five Area Meeting funds, which they carried out on behalf of the trustees. They kept the trustees regularly informed about their work and attended trustees meetings as needed, particularly for the preparation of the Area Meeting budget and collation of the annual accounts.

22

Specific aspects of our financial management have included:

• The use of the QuickBooks cloud accounting system, which has enabled an accurate oversight of our Area Meeting and Local Meeting finances throughout the year.

• QuickBooks facilitates the production of frequent and detailed reports. It is also a useful tool for producing budgets and enables us to monitor trends, particularly as we now have seven years of easily accessible data.

• Local and Area Meeting treasurers held ad-hoc online meetings to offer support and encouragement to each other, to share good practice and to prepare for the end of year collation of accounts.

• Further support has continued to be provided to Local Meeting treasurers, where needed. Good liaison has been maintained between our meetings with employees and our payroll provider.

• The Area Meeting Treasurer communicate to the local meeting treasurers, area business meeting, and trustees to ensure that the management of our Area Meeting funds and our finances are well understood.

• We continue to monitor the interest rates on our bank accounts and returns on our investments. We aim to balance optimal returns while maintaining an ethical stance both in terms of the banks we use and the funds we invest in.

Financial Review

The Area Meeting’s total resources include cash, investment funds and some investment properties. This excludes the value of our meeting houses. In 2023 the total value increased by approximately 2.6% to £ 3,680,650 from £3,587,694 in 2022, of which 35.4% was held in unrestricted funds, 8% in restricted funds and 56.6% in endowed funds.

The level of contributions (donations) from individuals for our Area and Local Meetings showed an increase to £76,046 from £64,243 in 2022. This excludes £5,000 in 2023 and £22,000 received in unrestricted legacies in 2022.

Our COIF charity ethical investment fund units increased in value over the year from £677,636 to £744,193, this is still short of the £773,763 in 2021. This represents a decrease in unit value of 8.7% over 2021. The £21,287 (£21,114 in 2022 and £20,817 in 2021) received in dividends from these units provided income for our Education, Hardship and Property Maintenance Restricted Funds and our Unrestricted Building Maintenance Reserve Fund.

23

Room hire income at our six meeting houses continued to recover from the impact of the pandemic and increased to £57,219 (£15,431 in 2021 and £85,181 in 2019 pre-pandemic).

Expenditure on maintaining our meeting houses increased by 9.6% in 2023 compared to 2022.

Reserves Policy

Trustees split reserves into general reserves and building maintenance reserves. Local Meetings and Area Meeting are advised to maintain a general reserve equal to a year’s anticipated expenditure.

Those Local Meetings responsible for maintaining property are advised to hold an additional building maintenance reserve of 2% of the insured value of the relevant properties.

To support Local Meetings, Area Meeting tries to maintain a central building maintenance fund of up to 7% of the insured value of all properties.

Trustees have reviewed our reserves. The Area Meeting general reserve at £35,893 represents around 24 months of normal expenditure. Trustees consider the reserve to be within our policy. The Area Meeting unrestricted building maintenance reserve at £192,591 represents around 2% of the insured value of our functional property. There is a further £49,293 in restricted building funds, which together represents 2.6% of insured value. This compares with a policy of holding 7%, however trustees recognise that the 7% is a long-term goal rather than an urgent target therefore they consider no action is required.

24

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the trustees of the charity on 20/08/24 and signed on its behalf by:

Roger Ibbett Clerk to Trustees

25

Nottinghamshire & Derbyshire Area Quaker Meeting

Independent Examiner's Report to the trustees of Nottinghamshire & Derbyshire Area Quaker Meeting

Independent examiner’s report to the trustees of Nottinghamshire & Derbyshire Area Quaker Meeting

I report to the trustees on my examination of the accounts of Nottinghamshire & Derbyshire Area Quaker Meeting (the Charity) for the year ended 31 December 2023.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

...................................... John O’Brien MSc, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners

Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

Date: 21/08/2024

26

Nottinghamshire & Derbyshire Area Quaker Meeting

Statement of Financial Activities for the Year Ended 31 December 2023

Note Unrestricted
£
Restricted
£
Endowment
£
Total
2023
£
Total
2022
£
Income and Endowments from:
Donations and legacies
2		 77,195
10,370
-
87,565
82,676
Charitable activities
3		 59,681
-
-
59,681
68,456
Other trading activities
4		 55
-
-
55
102
Investment income
5		 19,789
33,913
-
53,702
47,764
Total Income 156,720
44,283
-
201,003
198,998
Expenditure on:
Raising funds
6		 (2,552)
(9,057)
-
(11,609)
(19,076)
Charitable activities
7		 (137,815)
(23,080)
-
(160,895)
(153,968)
Total Expenditure (140,367)
(32,137)
-
(172,504)
(173,044)
Gains/losses on investment
assets		 13,190
-
53,367
66,557
(96,127)
Net movement in funds 29,543
12,146
53,367
95,056
(70,173)
Reconciliation of funds
Total funds brought
forward		 698,723
157,964
1,117,347
1,974,034
2,044,207
Total funds carried forward 14 728,266
170,110
1,170,714
2,069,090
1,974,034

All of the charity's activities derive from continuing operations during the above two periods.

The funds breakdown for the period is shown in note 14.

27

Nottinghamshire & Derbyshire Area Quaker Meeting

Statement of Financial Activities for the Year Ended 31 December 2023 (continued)

These are the figures for the previous accounting period and are included for comparative purposes

Note Unrestricted
£
Restricted
£
Endowment
£
Total
2022
£
Income and Endowments from:
Donations and legacies
2		 70,857
11,819
-
82,676
Charitable activities
3		 68,456
-
-
68,456
Other trading activities
4		 102
-
-
102
Investment income
5		 15,936
31,828
-
47,764
Total Income 155,351
43,647
-
198,998
Expenditure on:
Raising funds
6		 (2,234)
(16,842)
-
(19,076)
Charitable activities
7		 (131,725)
(22,243)
-
(153,968)
Total Expenditure (133,959)
(39,085)
-
(173,044)
Gains/losses on investment
assets		 (19,050)
-
(77,077)
(96,127)
Net movement in funds 2,342
4,562
(77,077)
(70,173)
Reconciliation of funds
Total funds brought forward 696,381
153,402
1,194,424
2,044,207
Total funds carried forward
14		 698,723
157,964
1,117,347
1,974,034

28

Nottinghamshire & Derbyshire Area Quaker Meeting

(Registration number: 1134531) Balance Sheet as at 31 December 2023

Note 2023
£
2022
£
Fixed assets
Investments
10		 1,398,193
1,331,636
Current assets
Debtors
11		 8,306
5,836
Cash at bank and in hand
12		 666,357
639,981
674,663
645,817
Creditors: Amounts falling due within one year
13		 (3,766)
(3,419)
Net currentassets 670,897
642,398
Netassets 2,069,090
1,974,034
Funds of the charity:
Endowment funds 1,170,714
1,117,347
Restricted income funds
Restricted funds
14		 170,110
157,964
Unrestricted income funds
Unrestricted funds 728,266
698,723
Total funds
14		 2,069,090
1,974,034

The financial statements were approved by the trustees, and authorised for issue on …20/08/2024... and signed on their behalf by:

......................................... Roger Ibbett Trustee

29

Nottinghamshire & Derbyshire Area Quaker Meeting

Notes to the Financial Statements for the Year Ended 31 December 2023

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Nottinghamshire & Derbyshire Area Quaker Meeting meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Exemption from preparing a cash flow statement

Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregates similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

30

Nottinghamshire & Derbyshire Area Quaker Meeting

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Furniture and equipment. These are written off at the time of purchase.

Functional properties.

These are integral to our charitable purposes and are unlikely to be sold. As they comprise the meeting houses and burial grounds, they are not included in the Balance Sheet and not depreciated. Details of these properties are set out below.

Investment properties

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss. The market values of the investment properties were ascertained by professional valuations dated the 8th June 2015 for the three MR&A properties and 20th February 2020 for 25A Ashgate Road.

Fixed asset investments

Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

31

Nottinghamshire & Derbyshire Area Quaker Meeting

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year.

32

Nottinghamshire & Derbyshire Area Quaker Meeting

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

2 Income from donations and legacies

Unrestricted
funds
Restricted
Total
Total		 Unrestricted
funds
Restricted
Total
Total
General
£
funds
£
2023
£
2022
£
Donations and legacies;
Donations from individuals 77,195
10,370
87,565
82,676
77,195
10,370
87,565
82,676
3
Income from charitable activities
Unrestricted
funds
Total
Total
General
£
2023
£
2022
£
Meeting house hiring 57,172
57,172
45,865
Catering income 824
824
554
Feed in tariff (Nottingham) 260
260
235
Insurance claim 1,418
1,418
21,682
Events 7
7
-
Repairs -
-
120
59,681
59,681
68,456
4
Income from other trading activities
Unrestricted
funds
Total
Total
General
£
funds
£
2022
£
Local fundraising and street collection income 55
55
102
55
55
102

33

Nottinghamshire & Derbyshire Area Quaker Meeting

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

5 Investment income

5
Investment income
Unrestricted
funds
Restricted
Total
Total
General
£
funds
£
2023
£
2022
£
Interest receivable and similar
income;
Interest receivable on bank deposits 5,008
2,316
7,324
2,170
Other income from fixed asset
investments		 14,781
31,597
46,378
45,594
19,789
33,913
53,702
47,764

6 Expenditure on raising funds

a)

Investment management costs

a)
Investment management costs
Unrestricted
funds
Restricted
Total
Total
Note General
£
funds
£
2023
£
2022
£
Other investment
management costs;
Amounts payable to
property managers		 1,219
4,177
5,396
5,024
Property repairs 1,333
4,880
6,213
14,052
2,552
9,057
11,609
19,076

34

Nottinghamshire & Derbyshire Area Quaker Meeting

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

7 Expenditure on charitable activities

Unrestricted
General
£
Restricted
£
Total
2023
£
Total
2022
£
Administration 4,120
-
4,120
3,158
Governance costs 5,930
-
5,930
3,934
Life of meeting costs 24,492
15,320
39,812
45,913
Maintaining meeting houses 103,273
7,760
111,033
100,963
137,815
23,080
160,895
153,968

8 Staff costs

The aggregate payroll costs were as follows:

8
Staff costs
The aggregate payroll costs were as follows:
2023
£
2022
£
Staff costs during the year were:
Wages and salaries 36,731
43,440
Pension costs 1,208
1,683
37,939
45,123

The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:

the year was as follows:
2023
No
2022
No
Staff 7
8

4 (2022 - 4) of the above employees participated in the Defined Contribution Pension Schemes.

Contributions to the employee pension schemes for the year totalled £1,208 (2022 - £1,683).

No employee received emoluments of more than £60,000 during the year

9 Taxation

The charity is a registered charity and is therefore exempt from taxation.

35

Nottinghamshire & Derbyshire Area Quaker Meeting

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

10 Fixed asset investments
2023
£
2022
£
Investment properties 654,000
654,000
Other investments 744,193
677,636
1,398,193
1,331,636
Investment properties
Investment
properties
£
Cost or Valuation
At 1 January 2023 654,000
Provision
At 31 December 2023 -
Net book value
At 31 December 2023 654,000
At 31 December 2022 654,000

There has been no valuation of investment property by an independent valuer since June 2015.

Restricted Endowment Investment Properties:

These investment properties are administered by a professional estate and lettings agency and form part of the expendable endowment capital of the Matilda Rickman's Gift. Brook Cottage £185,000 Chestnut Bank Cottage £125,000 Woodland Cottage £160,000

Unrestricted Investment Property: Mansfield Bungalow £100,000

Permanent Endowment Investment Property: 25A Ashgate Road £84,000

36

Nottinghamshire & Derbyshire Area Quaker Meeting

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

Other investments

Other investments
Unlisted
investments
£
Total
£
Cost or Valuation
At 1 January 2023 677,636
677,636
Revaluation 66,557
66,557
At 31 December 2023 744,193
744,193
Net book value
At 31 December 2023 744,193
744,193
At 31 December 2022 677,636
677,636

Ethical Investment Fund:

Investments are held in the COIF Charities Ethical Investment Fund managed by CCLA Fund Managers Limited and are considered to be Alternative Investment Funds under the European Alternative Investment Fund Managers Directive operative from July 2013.

11 Debtors

2023
£
2022
£
Trade debtors 1,537
1,584
Prepayments 113
113
Other debtors 6,656
4,139
8,306
5,836
12 Cash and cash equivalents
2023
£
2022
£
Cash at bank 666,357
639,981
13 Creditors: amounts falling due within one year
2023
£
2022
£
Trade creditors 78
289
Other creditors 3,688
3,130
3,766
3,419

37

Nottinghamshire & Derbyshire Area Quaker Meeting

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

14 Funds
Balance at 1
January 2023
£
Incoming
resources
£
Resources
expended
£
Transfers
£
Other recognised
gains/(losses)
£
Balance at 31
December 2023
£
Unrestricted funds
General
Area General Fund 27,376
13,617
(7,903)
1,400
-
34,490
Designated
Area Building Maintenance 183,841
9,066
(10,660)
-
13,190
195,437
Area Property Fund 100,000
-
-
-
-
100,000
Bakewell Meeting 49,997
24,283
(19,791)
(1,400)
-
53,089
Beeston Meeting 621
1,416
(1,680)
-
-
357
Chesterfield Meeting 51,789
39,436
(38,237)
-
-
52,988
Derby Meeting 83,512
23,183
(16,667)
-
-
90,028
Fritchley Meeting 6,817
1,705
(1,415)
-
-
7,107
Mansfield Meeting 14,009
7,674
(7,865)
-
-
13,818
Nottingham Meeting 156,902
35,928
(35,357)
-
-
157,473
Worksop Meeting 1,195
401
(792)
-
-
804
Bakewell Building Maintenance Fund 15,882
-
-
-
-
15,882
Derby Building Maintenance Fund 6,782
11
-
-
-
6,793
671,347
143,103
(132,464)
(1,400)
13,190
693,776
Total unrestricted funds 698,723
156,720
(140,367)
-
13,190
728,266

38

Nottinghamshire & Derbyshire Area Quaker Meeting

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

Balance at 1
January 2023
£
Incoming
resources
£
Resources
expended
£
Transfers
£
Other recognised
gains/(losses)
£
Balance at 31
December 2023
£
Restricted funds
N&D Property Maintenance 51,758
5,295
(7,759)
-
-
49,294
N&D Poor Friends 44,035
6,297
(4,301)
-
-
46,031
MR&A Education 62,171
22,321
(9,707)
-
-
74,785
Acting as Agent (BYM) -
10,370
(10,370)
-
-
-
Total restricted funds 157,964
44,283
(32,137)
-
-
170,110
Endowment funds
Permanent
25A Ashgate Road 84,000
-
-
-
-
84,000
Monyash MH & BG Capital 129,938
-
-
-
12,762
142,700
213,938
-
-
-
12,762
226,700
Expendable
Ladybrook Poor Friends 6,211
-
-
-
610
6,821
MR&A Education 555,724
-
-
-
6,455
562,179
N&D Poor Friends 31,933
-
-
-
3,136
35,069
N&D Property Maintenance 2,459
-
-
-
242
2,701
Richardson Capital 306,020
-
-
-
30,057
336,077
Toadhole Property 1,062
-
-
-
105
1,167
903,409
-
-
-
40,605
944,014
Total endowment funds 1,117,347
-
-
-
53,367
1,170,714

39

Nottinghamshire & Derbyshire Area Quaker Meeting

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

Balance at 1
January 2023
£
Incoming
resources
£
Resources
expended
£
Transfers
£
Other recognised
gains/(losses)
£
Balance at 31
December 2023
£
Total funds 1,974,034
201,003
(172,504)
-
66,557
2,069,090

40

Nottinghamshire & Derbyshire Area Quaker Meeting

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

Balance at 1
January 2022
£
Incoming
resources
£
Resources
expended
£
Transfers
£
Other recognised
gains/(losses)
£
Balance at 31
December 2022
£
Unrestricted funds
General
Area General Fund 26,582
8,005
(8,584)
1,373
-
27,376
Designated
Area Building Maintenance 204,329
8,562
(10,000)
-
(19,050)
183,841
Area Property Fund 100,000
-
-
-
-
100,000
Bakewell Meeting 22,374
40,766
(12,143)
(1,000)
-
49,997
Beeston Meeting 1,308
1,393
(1,880)
(200)
-
621
Chesterfield Meeting 43,348
40,968
(32,482)
(45)
-
51,789
Derby Meeting 75,284
22,751
(14,473)
(50)
-
83,512
Fritchley Meeting 7,001
1,260
(1,444)
-
-
6,817
Bingham Meeting 693
-
(115)
(578)
-
-
Mansfield Meeting 20,492
10,674
(17,657)
500
-
14,009
Nottingham Meeting 170,734
20,601
(34,433)
-
-
156,902
Worksop Meeting 1,575
368
(748)
-
-
1,195
Bakewell Building Maintenance Fund 15,882
-
-
-
-
15,882
Derby Building Maintenance Fund 6,779
3
-
-
-
6,782
669,799
147,346
(125,375)
(1,373)
(19,050)
671,347
Total unrestricted funds 696,381
155,351
(133,959)
-
(19,050)
698,723

41

Nottinghamshire & Derbyshire Area Quaker Meeting

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

Balance at 1
January 2022
£
Incoming
resources
£
Resources
expended
£
Transfers
£
Other recognised
gains/(losses)
£
Balance at 31
December 2022
£
Restricted funds
N&D Property Maintenance 47,735
5,023
(1,000)
-
-
51,758
N&D Poor Friends 45,215
6,284
(7,464)
-
-
44,035
MR&A Education 60,452
20,771
(19,052)
-
-
62,171
Acting as Agent (BYM) -
11,569
(11,569)
-
-
-
Total restricted funds 153,402
43,647
(39,085)
-
-
157,964
Endowment funds
Permanent
25A Ashgate Road 84,000
-
-
-
-
84,000
Monyash MH & BG Capital 148,370
-
-
-
(18,432)
129,938
232,370
-
-
-
(18,432)
213,938
Expendable
Ladybrook Poor Friends 7,092
-
-
-
(881)
6,211
MR&A Education 565,048
-
-
-
(9,324)
555,724
N&D Poor Friends 36,462
-
-
-
(4,529)
31,933
N&D Property Maintenance 2,808
-
-
-
(349)
2,459
Richardson Capital 349,431
-
-
-
(43,411)
306,020
Toadhole Property 1,213
-
-
-
(151)
1,062
962,054
-
-
-
(58,645)
903,409
Total endowment funds 1,194,424
-
-
-
(77,077)
1,117,347

42

Nottinghamshire & Derbyshire Area Quaker Meeting

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

Balance at 1
January 2022
£
Incoming
resources
£
Resources
expended
£
Transfers
£
Other recognised
gains/(losses)
£
Balance at 31
December 2022
£
Total funds 2,044,207
198,998
(173,044)
-
(96,127)
1,974,034

43

Nottinghamshire & Derbyshire Area Quaker Meeting

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

The specific purposes for which the funds are to be applied are as follows:

Unrestricted funds:

The Area Meeting General Fund can be used for any of N&DAQM charitable purposes;

The Area Meeting Building Maintenance Fund is to help Local Meetings maintain and administer their Meeting Houses and can be used for any of N&DAQM charitable purposes;

Local Meeting funds can be used for any of N&DAQM charitable purposes in the area covered by each Local Meeting;

Both Derby and Bakewell Local Meetings have designated building funds to help maintain their Meeting Houses.

Restricted and Endowment funds:

The N&D Property Maintenance Fund is used for maintaining Meeting Houses and Burial Grounds;

The N&D fund for Poor Friends is used for the relief of Poor Friends and attenders of meetings linked to the Area Meeting;

The MR&A (Matilda Rickman & Ashover) Education fund is used for education in recognised Quaker educational institutions or the education of Friends in general; The Acting as Agent (BYM) Fund covers funds, including gift aid, collected on behalf of Britain Yearly Meeting;

The income from the Richardson Capital Fund can either be used for Poor Friends and attenders of meetings linked to the Area Meeting or maintaining Meeting Houses and Burial Grounds at trustees discretion. The income is split between the N&D Fund for Poor Friends and the N&D Property Maintenance Fund. (the 2022 basis was allocated 50:50 between each fund);

The income from the Ladybrook Fund is merged into the N&D fund for Poor Friends and can be used for the relief of Poor Friends and attenders of meetings linked to the Area Meeting;

The income from the Toadhole Property Fund is merged into the N&D Property Maintenance Fund and used for maintaining Meeting Houses and Burial Grounds.

Permanent Endowment funds:

25A Ashgate Road is let as a private dwelling. The property, now treated as an investment property, forms part of the endowed Local Meeting House. Income from the fund is applied to the Chesterfield Local Meeting;

The Monyash Meeting House and Burial Ground Capital Fund, was formed with the proceeds of the sale of this endowed property. Income from the fund is applied to the Area Meeting Building Maintenance Fund.

44

Nottinghamshire & Derbyshire Area Quaker Meeting

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

15 Analysis of net assets between funds

15 Analysis of net assets between funds
Unrestricted
Endowment
General
£
Restricted
£
Permanent
£
Expendable
£
2023
Total funds
£
Fixed asset investments 247,479
-
226,700
924,014
1,398,193
Current assets 483,205
171,458
-
20,000
674,663
Current liabilities (2,418)
(1,348)
-
-
(3,766)
Total net assets 728,266
170,110
226,700
944,014
2,069,090
Unrestricted
Endowment
General
£
Restricted
£
Permanent
£
Expendable
£
2022
Total funds
£
Fixed asset investments 234,289
-
213,939
883,408
1,331,636
Current assets 467,063
158,754
-
20,000
645,817
Current liabilities (2,629)
(790)
-
-
(3,419)
Total net assets 698,723
157,964
213,939
903,408
1,974,034

45

Nottinghamshire & Derbyshire Area Quaker Meeting

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

16 Related party transactions

There were no related party transactions in the year.

17 Functional Property

Book Value
£
Insured Value
£
Property
Derby Meeting House and Burial Ground (Unrestricted) 250,000
1,264,793
Fritchley Meeting House (Unrestricted) 50,000
321,674
Bakewell Meeting House and Burial Ground (Endowment) 340,000
1,450,819
Chesterfield Meeting House (Endowment) 340,000
1,450,819
Mansfield Meeting House (Endowment) 250,000
1,181,361
Nottingham Meeting House and Burial Ground (Endowment) 460,000
3,149,774
Toadhole Furnace Burial Ground (Endowment) 100
-
1,690,100
8,819,240
18 3rd party funds
Opening balances
£
Incoming
resources
£		 (Resources
expended)
£
Closing balances
£
Acting as Agent -
1,991		 (1,991)
-
-
1,991		 (1,991)
-
**18 ** 3rd party funds
Incoming (Resources
Opening balances resources expended) Closing balances
£ £ £ £
Acting as Agent - 1,991 (1,991) -
- 1,991 (1,991) -

19 Trustees remuneration and expenses

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

20 Independent examiner's fees

During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:

2023
£
2022
£
Independent examination 1,950
1,950
Other financial services 884
828
2,834
2,778

46

Quaker Life additional information

Note 21

Additional Information Requested by Quaker Life Central Committee

Donations and Grants 2023
Donations and Grants to: £
Individual friends 4950
BYM 13,600
Quaker Charities 8,750
Non-Quaker Charities 950
Acting as Agent 2023
Acting as Agent: £
BYM contributions and Gift Aid 14,457
Quaker Charities (*) 273
Non-Quaker Charities (*) 7,553

(*) Some Acting as Agent Collections do not go through the LM accounts; hence these figures do not match the amounts in Note 18: 3rd party funds

47