2020-12-31-accounts - Sheffield And Balby Area Quaker Meeting Of The Religious Society Of Friends

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1	Legal and administrative information	Legal and administrative information	..	..
	1.1	Registration Number.
	1.2	Principal office...
	1.3	Trustees „
	1.4	Officers.
	1.5	Independent Examiner
2	Trustees' Annual Report .. 2.1 Structure, governance and management.						.					2 .. 2
	2.1.1 2.1.2	Governing document Governance. ..										......2 2
	2.1.3 2.1.4 2.2	Appointment ofTrustees Risk management. Objects and activities ..	..									......2 .....,2 ...3
	2.2.1	Objects ..										3
	2.2.2	Use ofvolunteers.
	2.2.3 2.3	Grant making policy .. Achievements and performance		..								...3 ...4
	2.3.1	Introduction. .
	2.3.2	Sheffield Central ...
	2.3.3	Nether Edge.
3	2.3.4 Balby Doncaster. 2.3.5 Hope Valley. . 2.3.6 Area and Local Meeting action Financial review..					on environmental				sustalnability	and responses	8 to climate emergency. . 10 .10
	3.1	AM General Fund ..										.10
	3.2	General Bursary fund ..										.10
	3.3	Woodbrooke Bursary fund (restricted) ..										.10
	3.4	AM Relief Trusts (endowment)		and	Assistance			Bursary		Fund (restricted) ..
	3.5	AM Education Trusts (endowment)				and Education			Bursary Fund (restricted)....
	3.6	Alili Property Trusts (endowment)			and AM Premises Fund .
	3.7	Sheffield Central Local Meeting.
	3.8	Balby (Doncaster) Local Meeting.
	3.9	Nether Edge LocalMeeting. ..										.12
	3.10	Hope Valley Local Meeting										.12
	3.11	Operational and financial impact of				COVID-19...						..12
4	Reserves policy ... 4.1 Background.											„14 .14
	4.2	Reserves Summary. ..										..15
5 6	Investment policy and objectives ... Statement of responsibilities ofthe trustees. .											.16 ..16
7 Independent Examiner's report tothe Trustees Friends ("the Charity" )...							ofSheffield			&Balby Area	Quaker Meeting	ofthe Religious Society of ..17
Financial statements
	Statement offinancial activities...											..18
	Balance sheet...											..19
	Notes	tothe accounts..										.......20 - 31

review by Tr	ustees	in November 2021.	in November 2021.
Funds within		Balance at31Dec2020
balances held as		(excluding tangible fixed		Target and Notes
reserves		assets)
				Recommendation isto reduce gradually to
				E8,000.
AM General (unrestricted)	Fund	E20,255		While the pandemic continues to seriously threaten the viability oflettings business for our two meeting Houses, Trustees are
				reluctant to run down any reserves which	may
				be required to maintain the viability ofthe	AM
				as a whole.
				Recommendation isto reduce gradually to	a
AM General				maximum of610,000.
Bursary Fund (designated)		615,995		There are fluctuating calls on this fund (especially for triennial Yearly Meeting
				Gatherings).
				Trustees believe the current level is
				acceptable to manage annual fluctuations	in
				capital work and to accommodate large risk
AM Premises (designated)	Fund	E133,692		items in the coming months. Trustees will be reviewing the use ofthis fund
				by Balby Doncaster Meeting, including the	use
				ofa deposit ofaround f19,000 held by Balby
				Doncaster.
0 erational/Con5n		en Fundsfor toca)MeeBn
Hope Valley (designated)		K1,582		Recommendation isto increase reserve gradually to E3,000.
Nether Edge (designated		E6,695 f116,477(total)	split:	Recommendation is to increase reserve gradually tof10,000. Recommendation isto reduce operational reserve to between f77,000and f103,000,
Sheffield Central		f103,001operational		which has been achieved by reallocation of
(designated)		reserve		funds from unspent legacies.
		f13,476unspent	legacies
				Recommendation isto achieve atarget of
				around E21,000.
Balby Doncaster (designated)		f43,539		Approximately f19,000 held in Balby
				Doncaster balances is under consideration	for
				transfer to the AM Premises Fund (see above)

					Permanent
			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	2020	2019
		Notes	E	E		E	E
Income from:
Donations, legacies and grants			81,839	20,259		102,098	63,030
Charitable activities - Quaker	literature
Room hire and services			37,001			37,001	140,365
Investments			6,352	30	599	6,981	7,948
Other income						140	4,125
Total income			125552
Expenditure on:
Room hire			110,249			110,249	136,666
Charitable activities -support	ofMeeting	5	59,650	20,906		80,556	95,371
Total expenditure						~190 m5	~23 037
Net gains/(losses) on investments			(3,716)		(6,376)	(10,092)	10,658
Net income/(expenditure)			(48,283)	(617)	(5,777)	(54,677)	(5,596)
Transfers between funds		15	447	151	(598)
Other recognised gains/(losses):
Gains/(losses) on revaluation	offixed assets
Net movement in funds
Total funds brought forward			1,230,415	8,724	61,185	1,300,324	1,305,920
Total funds carried fonuard			11		~52	2 en	am 5n
Fora prior year corn parislon	ofthe SoFA split by funds see note 18.

Asat 31Decemb	er	2020
					Notes	2020		2019
Fixed Assets
Tangible Assets					11	846,557		859,109
Investments					12			57,867
							846,557		916I976
Cunent assets
Debtors					13	63,468		23,204
Short term deposits						269,315		268,035
Cash at bank and in		hand				87,973		108,110
Total current assets						420I756		399,349
Creditors: amounts		falling	due within one year		14	~21,666		16.001
Net current assets							399,090		383,348
Total assets less current liabilities							1,245,647	ld300,324
Creditors: amounts		falling	due after more than one year
Total net assets								1	324
Funds ofthe Charity
General funds						20,254		17,778
Designated funds (including			revaluation	reserve)		~162,325		1,212,637
Total unrestricted	funds						1,182,579	1,230,415
Restricted income	funds						8,258		8,724
Endowment funds							54,810		61,185
Totalfunds					163g17

Expenditure	a	n	mom hire
						Unrestricted	Restricted	Endowment	Total	Total
						funds	funds	funds	2020	2019
						E	E	f	E	E
Salaries						85,827			85,827	82,421
Subcontracted			services			1,563			1,563	6,140
Premises 8	edmin					22,859			22,859	48,105
						110,249			110,249	136,666
Prior year mm		parison				Unrestricted	Restricted	Endowment	Total
						funds	funds	funds	2019
						E	E	E	E
Salaries						82,421			82,421
Subcontrocted			services			6,140			6,140
Premises 0	admin					48,105			48,105
									136,666
Expendkure	on charitable			activities
						Unrestricted	Restricted	Endowment	Total	Total
					Note	funds f	funds f	funds f	2020f	2019 E
Salaries						17,380			17,380	17,429
Subcontracted			services
Premises L	edmln					10,521			10,521	21,862
Grants						16,110	20,906		37,016	36,841
Depreciation						12,552			12,552	12,702
Governance:
Independent		examination				1,260			1,260	2,100
Independent		examination		-earlier years		1,289			1,289
Tex										300
Other						538			538	4,137
						59,650	20,906		80,556	95,371
Price year cont		p	eris err			Unrestricted	Restrkted	Endowment	Totoi
						funds	funds	funds	2019
						E	E	E	E
Salaries						17,429			17,429
Premises 8	odmin					21,862			21,862
Grants made						15,311	21,530		36,841
Depreciation						12,702			12,702
Governance:
independent		examination							2,100
Acmuntancy
Tox						300			300
Other						4,137			4,137
						73,841	21,530		95,371

Staff Costs
			2020	2019
			6	E
Salaries			95,078	94,589
Employer's	National	Insurance	2,957	3,422
Employer's	Allowance		(2,564)	(3~2)
Pension costs			5,136	5,261
Redundancy	costs		2,600

Grants made
							2020	2019
							E	E
Quaker:		Britain Yearly Meeting					18,518	14,939
		Other Quaker					16,992	8,212
Non-Quaker:		Other non-Quaker					1,506	13,690
In addition to the Britain		Yearly	Meeting grant, other grants made to organisatlons			over E1,000were:	E
BYMYouth Worker oflice rent							1,440
Quaker Tapestry							1,000
Quaker Social Action							1,000
Woodbrooke Quaker	Study Centre						11,200
Northern Friends Peace		Board					1/26
Feesto Independent	examiner's		organisation
							2020	2019
							6	E
Feefor independent	examination		(includes	accountancy	work)
Other fees paid to Independent			examiner's	organisation:
Tax								300
Payroll and HR services							1,307	908
Other services								350

										2020	2019
										f	E
	Trade debtors									1,892	11,616
	Prepayments									61,576	11,588
14	Creditors: amounts		faglng due within		cme year					2020	2019
										8	E
	Other creditors									21,666	16,001
										11668	L e
15	Transfers between		funds
								General	Designated	Restricted	Endowment
				Ter			To/(From):	funds	funds	funds	funds
								E	6	E
	Balby (Doncaster)	LM		AM General fund			1,000	1,000	(1,000)
	Balby (Doncaster)	LM		have contributed	towards the work ofother funds from their			surpluses.
	AM Property Trusts			AM Premises			447
	AM Relief Trusts			Assistance Bursary Fund			145
	AM Education Trusts			Education Bursary Fund			6
	Transfer investment		income from endowment			funds				151	(598)
	Total transfer out
	Total net transfers	between funds						4000	(553)	151	(598)

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