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← Leeds Area Quaker Meeting

2024-12-31-accounts

REGISTERED CHARITY NUMBER: 1134542

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR

LEEDS AREA QUAKER MEETING

Simply Sums Ltd 26 Moorhead Terrace Shipley West Yorkshire BD18 4LB

LEEDS AREA QUAKER MEETING

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2024

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Financial Statements 13 to 22
Detailed Statement of Financial Statements 23 to 24

LEEDS AREA QUAKER MEETING

REFERENCE AND ADMINISTRATIVE DETAILS for the Year Ended 31 December 2024

TRUSTEES C Middleton
D Griffiths
C Staynes
P Gerwat
RS Bevan
T Griffin
T Bland
K Forrest
PC Ellis
S Horsfall
PRINCIPAL ADDRESS Quaker Meeting House
188 Woodhouse Lane
Leeds
LS2 9DX
REGISTERED CHARITY 1134542
NUMBER
INDEPENDENT EXAMINER Simply Sums Ltd
26 Moorhead Terrace
Shipley
West Yorkshire
BD18 4LB
SOLICITORS Ramsdens Solicitors LLP
Ramsden Street
Huddersfield
HDl 2TH
STOCKBROKERS Charles Stanley & Co. Limited
7 Park Row
Leeds
LSI 5HD

Page 1

LEEDS AREA QUAKER MEETING

REPORT OF THE TRUSTEES for the Year Ended 31 December 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of lreland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Status and Objectives

Leeds Area Quaker Meeting is a Registered Charity 1134542. The object of the Leeds Area Meeting is the furtherance of the general religious and charitable purposes of the Religious Society of Friends (Quakers) in Britain, in the area of the Leeds Meeting and beyond.

Charity Details

Charity number: 1134542

Registered Address Friends Meeting House, 188 Woodhouse Lane Leeds LS2 9DX

Website: www.leedsquakers.org.uk

Custodian Trustees

Property Friends Trust Limited, 173-177 Euston Road, London, NWl 2BJ

Stockbrokers

Charles Stanley & Co. Limited, 7 Park Row, Leeds, LSI 5HD

Accounts Examiner

Simply Sums Ltd, 26 Moorhead Terrace, Shipley, West Yorkshire, BD18 4LB

Membership

The members of LAQM are those persons whose names are for the time being recorded in the official register maintained in accordance with the Quaker Faith and Practice of Britain Yearly Meeting.

Membership (2024) 168 (2023) 170

Page 2

LEEDS AREA QUAKER MEETING

REPORT OF THE TRUSTEES for the Year Ended 31 December 2024

OBJECTIVES AND ACTIVITIES

Trustee Appointments 2024

The following trustees served in the reporting period 1st January - 31st December 2024:

Sophie Bevan (from 07/07/2021) Unattached 2nd term ends 31/12/2026 Tracey Bland Carlton Hill 1st term ends 31/12/2025 Paul Ellis (from 25/01/2023) Roundhay 1st term ends 31/12/2025 Ken Forrest Carlton Hill 1st term ends 31/12/2025 Pat Gerwat (from 04/05/21) Adel 2nd term ends 31/12/2025 Tricia Griffin (from 05/09/2021) Carlton Hill 1st term ends 31/12/2024 David Griffiths Rawdon 2nd term ends 31/12/2025 Sandra Horsfall Adel 1st term ends 31/12/2026 Christine Middleton Roundhay 2nd term ends 31/12/2024 Chris Staynes Gildersome 2nd term ends 31/12/2026

Trustees are required to sign Register of Interest statements annually.

Trustee Appointments 2025

The following trustees were appointed to serve in 2025

Sophie Bevan Unattached Oversight of Safeguarding and of Safeguarding and Health & Safety Tracey Bland Carlton Hill Oversight oof Investment, Employment, Property and Data Protection Paul Ellis Roundhay Oversight of Investment Ken Forrest Carlton Hill Oversight of Property Pat Gerwat Adel David Griffiths Rawdon Oversight of Grantsof GrantsGrants Sandra Horsfall Adel Oversight of Grantsof GrantsGrants Rachel Muers Carlton Hill Chris Staynes Gildersome Oversight of Health and Safety David Swindells Carlton Hill

Oversight of Safeguarding and of Safeguarding and Health & Safety Oversight oof Investment, Employment, Property and Data Protection Oversight of Investment Oversight of Property Oversight of Employment and of Data Protection Oversight of Grantsof GrantsGrants Oversight of Grantsof GrantsGrants

LAQM Area Meeting Office Holders 2024

Co-Clerks Clerk of Trustees LAQM Co-Treasurers Safeguarding Coordinators Safeguarding Trustee

Robert Keeble, Juliet Prager Tracey Bland Paul Ellis, Gill Pearson Sarah Coltman, Christine Middleton, Ruth Woodhead Christine Middleton

Page 3

LEEDS AREA QUAKER MEETING

REPORT OF THE TRUSTEES for the Year Ended 31 December 2024

FINANCIAL REVIEW Quaker Meetings in the Leeds Area

One of the primary ways we fulfil our charitable purpose is through the regular holding of public meetings for worship in the manner of Friends: it is the leadings in these meetings for worship that inform and nurture our spiritual development and the action that springs from it. During 2024, meetings for worship were organised at the following locations and at the days and times indicated.

Location Address Time Phone Email; notes
Adel Friends Meeting House, New
Adel Lane, Leeds, LS16 6AZ		 Sunday,
10.45am
plus Zoom		 0113 289 9626 adelquakers@gmail.com
Carlton
Hill		 Friends Meeting House, 188
Woodhouse Lane, Leeds, LS2
9DX		 Sunday,
10.45am
plus Zoom		 0113 2422208 carltonhill@quaker.org.uk
Gildersome Friends Meeting House, 75 Street
Lane, Gildersome, Leeds, LS27
7HX		 Sundays,
10.45am		 07973 450 368 robertkeeble@hotmail.com
Ilkley Friends Meeting House, Queens
Road, Ilkley, Leeds, LS29 9QJ		 Sundays,
10.30am		 hello@ilkleyquakers.org.uk
Otley The Courthouse, Courthouse
Street, Otley LS21 3AN		 11.15am 0113 318 8084 Last Sunday of the month
Rawdon Friends Meeting House, Quakers
Lane, Rawdon, Leeds, LS19 6HU		 Sundays,
10.45am		 0791 494 4368 rawdon@leedsquakers.org.uk
Roundhay Friends Meeting House, 136 Street
Lane, Leeds, LS8 2BW		 Sundays,
10.45am
plus Zoom		 07754 711025 roundhay@leedsquakers.org.uk
Leeds
University		 Claire Chapel, The Emmanuel
Centre, Leeds LS2 9JT		 Tuesdays
1.05pm		 Staff
and
students
from
the
University of Leeds and Leeds
Beckett University welcome
Bedford
Court		 Extra Care Housing and
Residential Home, Olive Lodge,
Broadgate Lane, Horsforth, Leeds
LS18 4SE		 first & third
Wednesday
of the month
10.30am

Area and Local Meeting Activities

In their State of the Meeting reports for 2024, many meetings reported that they had held regular learning and discussion sessions. A number of meetings continue to hold blended or online Meetings for worship as well as meeting in person and some have held all age worship sessions. Caring Circles are keeping Friends connected at Adel and Rawdon , but Carlton Hill meeting found that large numbers and geographical spread posed challenges for pastoral care. Gildersome Meeting was grateful for the shared fellowship of a smaller meeting.

Adel Meeting asked trustees to make plans to remove the burden of maintaining the premises from the local meeting as a drop in numbers and donations reduced their ability to do this. Building improvements are ongoing at Roundhay; Rawdon Meeting have redesigned the burial grounds to enable easier maintenance, and work took place in the garden at Adel including erecting a bike rack and installing a handrail by the steps.

Roundhay Meeting continues to support the witness for peace at Menwith Hill and put on a soup lunch during Christian Aid week. Displays were provided for heritage open days at Adel and Gildersome Meeting Houses and Ilkley and Rawdon Meetings spoke to local schools about Quakerism. A talk about Gildersome Meeting House was delivered to a group of visitors from Pudsey Adults with Time to Spare (PATS).

Page 4

LEEDS AREA QUAKER MEETING

Carlton Hill reported a renewed commitment to faith in action and reinstated an extended Meeting for Worship once a month Several Friends were arrested on their way to take part in peaceful action and learning at a Reclaim the Power climate camp.

Area Meeting considered the recommendations from the Yorkshire Quaker Governance Group to create a single charitable body for Yorkshire and agreed to merge with other Yorkshire Area Meetings. At an Area and Local Meeting level, we continued to consider reparations and participated in Britain Yearly Meeting’s discernment regarding the wording of the Quaker Marriage Declaration.

Page 5

LEEDS AREA QUAKER MEETING

REPORT OF THE TRUSTEES for the Year Ended 31 December 2024

Trustee Business in 2024

Trustees met 6 times in 2024. Our safeguarding officers prepared a safeguarding induction document for key role holders and liaised with local meetings to ensure all relevant roleholders completed basic safeguarding training. There were no safeguarding incidents in 2024..

Trustees updated a number of policies during the year: our Health & Safety, Data Protection, Equality & Diversity in Employment, Bullying & Harassment, Complaints & Grievance policies were all reviewed.

Following a process of discernment Trustees proposed an initial commitment of £20,000 towards reparations, which was adopted.

Some meetings are facing financial challenges, partly because bookings for room hire have not returned to pre-covid levels at all meeting houses. Partly to address this, the Trustees have spent time reviewing the Risk Register to ensure that emerging challenges receive sufficient focus, including encouraging local meetings to have a forward-looking approach to their affairs and interactions with their local communities.

Reserves policy

Our reserves policy was formally adopted on 16th May 2018 and amended on 20th November 2018. The policy is to hold at Local Meeting level:

• a current reserve of 50% of normal expenditure plus a reserve equal to 50% of rents from investments properties (to account for void rental periods);

At Area Meeting level, the following Central reserves will be maintained, subject to annual review:

The Area Meeting reserves will be the sum of the local meeting reserves and the Central reserves. The acceptable range of reserves shall lie between a £20,000 deficit and a £50,000 surplus on the calculated figure. The reserves will be maintained by an annual review by the treasurers and reported to the trustees, and by the discipline of setting aside a proportion of the rebuilding costs of our various buildings into the Building Futures Fund each year.

Building Futures Fund

Most of this fund is held in a Leeds City Credit Union account from which we do not take interest so that it can be used to good effect while not required by LAQM. Part of the fund is held in a current account for cash flow purposes.

Local meetings contributed £17,000 to the fund in 2024.

The value of the fund at the year-end was £142,860.

Page 6

LEEDS AREA QUAKER MEETING

REPORT OF THE TRUSTEES for the Year Ended 31 December 2024

Grants

Our Small Grants Fund is supported by income from investments and by withdrawal from the investments as necessary. The risk appetite for our investments is set to allow for potential growth to underpin our grant making activity, balanced against other calls on our reserves.

The Ministry & Resources Sanctuary Everywhere and Enrichment Funds were fixed sums of £20K and £10K respectively committed in 2018 for ongoing work with asylum seekers and refugees and to support the administration and spiritual life of our local meetings. As in previous years, the Enrichment Fund has been used to provide archiving materials for the Quaker archive held at Leeds University and to pay a Burial Grounds Administrator for our local meetings.

The Small Grants sub-committee of the Trustees continued to meet to consider applications to all of these funds from organisations and individuals in need throughout the year. Appropriate due diligence is conducted to ensure that funds are prudently disbursed. For non-Quaker organisations trustees accept Minutes from the Small Grants Subcommittee giving reasons for the donations. All of these Minutes were accepted by trustees in 2024.

Trustees agreed the following grants in 2024:

Grants to non-Quaker organisations

Grants to non-Quaker organisations
Organisation Purpose Fund Amount
Heritage Crew Contribution to non-recurring office costs, including
a computer in support of a youth led arts project
within Heritage Corner CIC		 Small Grants £2,398
LEDAS Provision of housing and support to homeless
asylum-seekers who are without recourse to public
funds		 Sanctuary Everywhere £3,000
Conversation Club
Leeds		 Helps asylum seekers and refugees to make friends,
practice speaking English and gain confidence in
their new surroundings		 Sanctuary Everywhere £950
Individuals in need Friends Action on Poverty £500

Grants to non-Quaker organisations

In addition to the Grants made at Area Meeting level, some Local Meetings hold collections for, or pass on funds on behalf of individuals to, various charities throughout the year. In 2024 amounts were as follows:

Acting as agent:

Receipts £24,615 Payments £23,463 Balance held £1,152

Public Benefit Statement

In summary, the Trustees have demonstrated above how LAQM complies with the duty in Section 17 of the Charities Act 2011 to have due regard to public benefit, through

Page 7

LEEDS AREA QUAKER MEETING

REPORT OF THE TRUSTEES for the Year Ended 31 December 2024

Financial Review of 2024

The financial position of LAQM is shown in pages 10-22 of this report. Most activities within the Area Meeting are undertaken on a delegated basis by Local Meetings.

Each Local Meeting has its own treasurer. Local Meeting accounts are consolidated to produce the Leeds Area Quaker Meeting financial statements. The 2024 accounts consolidation activity has been undertaken by Simply Sums Ltd.

During 2024, Trustees encouraged Local Meetings to seek to achieve fund- raising targets to raise money in support of the centrally-managed work of the Religious Society of Friends (Quakers) in Britain; the work of the Northern Friends Peace Board; Quaker collective activity in Leeds; and in support of Quakers in Yorkshire which emphasizes opportunities for Children and Young People and wider outreach.

In relation to support of the centrally-managed work the sum of £250 per member was advised and attained to provide our yearly quota for BYM. Overall, this represents an excellent achievement to enable the central charitable work in the UK and overseas to be conducted on behalf of all Quakers in Britain.

The net movement of funds for the year was (£46,260) comprising a surplus of £10,580 on restricted funds and a deficit of

(£56,840) on unrestricted funds. £8,577 represents gains on investments. Our unrestricted free reserves were £4,630,135 on 31 December 2024.

Trustees governance

Trustees of LAQM are appointed in accordance with the charity's governing document which states: The Area Quaker Meeting shall appoint from its membership a body of trustees not ordinarily fewer than five or more than fifteen persons.

i. The trustees shall so far as practicable include the Area Quaker Meeting treasurer and representatives of each meeting contained within the Area Quaker Meeting but not the clerk of the Area Quaker Meeting, nor any employee of the Area Quaker Meeting.

ii. One trustee, but not the Area Quaker Meeting treasurer, shall be appointed by Area Quaker Meeting in session to act as clerk to the trustees.

The appointments shall be reviewed at intervals not exceeding three years. A trustee can be reappointed on no more than two occasions to give an unbroken term of service as a trustee of the Area Quaker Meeting not exceeding nine years. That person cannot then be reappointed as a trustee of that Area Quaker Meeting until three years have elapsed after the end of the last period of service in that capacity.

Future Developments

Over the course of 2025, it is hoped that:

Page 8

LEEDS AREA QUAKER MEETING

REPORT OF THE TRUSTEES

for the Year Ended 31 December 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Leeds Area Quaker Meeting (LAQM) Governing Document was adopted in December 2008 and was reviewed in February 2018. Previously an excepted charity, LAQM was registered with the Charity Commission on 26 February 2010. In addition to the Governing Document adopted in 2008 there is a Charity Scheme which brings together all the former trusts relating to previous Monthly Meetings into the current Area Meeting. This can be described as "The scheme governing the charities now known together as Leeds Area Quaker Meeting ( 1134542) and altering or affecting part of Brighouse, Leeds and Settle Buildings Charity ( 228684) dated 3lst March 2015 ".

Britain Yearly Meeting (BYM) is the final constitutional authority of the religious Society of Friends in Great Britain. Its membership consists of all those who belong to the Quaker Area Meetings. LAQM is one of70 constituent Area Meetings within Britain Yearly Meeting.

The object of LAQM is the furtherance in Leeds and beyond of the general religious and charitable purposes of the Religious Society of Friends (Quakers) in Britain, or Britain Yearly Meeting (BYM). There are seven clauses set out in the charity's governing document which describe this more fully:

Approved by order of the board of trustees on 21[st] September 2025 and signed on its behalf by:

T Bland - Trustee

Page 9

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEEDS AREA QUAKER MEETING

Independent examiner's report to the trustees of Leeds Area Quaker Meeting

I report to the charity trustees on my examination of the accounts of Leeds Area Quaker Meeting (the Trust) for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Certified Accountants (ACCA), which is one of the approved listed bodies.

I have completed my examination. I confirm that no material 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 Trust 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 applicable 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.

Julie Akkermans BA (Hons) FCCA

Simply Sums Ltd 26 Moorhead Terrace Shipley West Yorks BD18 4LB

20[th] June 2025

Page 10

LEEDS AREA QUAKER MEETING

STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 31 December 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment Income
2
Other income
Total income
EXPENDITURE ON
Raising funds
3
Charitable activities
Depreciation
Administrative costs
Utilities, services and insurance
Property maintenance
Donations to other Quaker organisations
Grants payable
Salaries, NI and pensions
Non-Quaker donations
Independent examination costs
Total expenditure
NET INCOME/(EXPENDITURE)
Transfers between funds
Net gains/(losses on investments)
Net movement in funds
RECONCILIATION OF FUNDS
Fund balances brought forward
Fund balances carried forward
2024
2024
2024
2023
Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
£
£
£
£
60,673
3,102
63,775
66,029
50,319
1,977
52,296
45,953
106,666
3,993
110,659
173,395
217,658
9,072
226,730
285,377
19,224
19,224
17,212
0
1,525
1,525
4,920
21,944
60
22,004
58,751
43,935
43,935
31,690
92,064
92,064
58,150
48,020
48,020
4,320
6,212
2,898
9,110
8,578
38,246
38,246
32,902
2,320
2,320
184
1,170
1,170
1,745
274,660
2,958
277,618
218,452
(57,002)
6,114
(50,888)
66,925
19,596
(19,596)
4,020
4,557
8,577
17,795
(33,386)
(8,925)
(42,311)
84,720
4,686,975
240,046
4,927,021
4,842,301
4,653,589
231,121
4,884,710
4,927,021

The notes form part of these financial statements

Page 11

LEEDS AREA QUAKER MEETING

BALANCE SHEET 31 December 2024

2024 2024 2024 2023
Notes Unrestricted Restricted Total Funds Total Funds
£ £ £ £
FIXED ASSETS
Tangible assets 9 4,131,749 0 4,131,749 4,133,274
Investments 10 146,470 213,849 360,319 396,159
4,278,219 4,278,219
213,849		 213,849
4,492,068		 4,492,068
4,529,433
CURRENT ASSETS
Debtors 11 7,276 0 7,276 4,190
Cash at Bank 12 370,416 17,272 387,688 395,143
377,692 377,692
17,272		 17,272
394,964		 394,964
399,333
CREDITORS
Amounts falling due within one year 13 (2,322) (2,322) (1,745)
NET CURRENT ASSETS 375,370 370
17,272		 272
392,642		 642
397,588
TOTAL ASSETS LESS CURRENT LIABILITIES 4,653,589 231,121 4,884,710 4,927,021
NET ASSETS 4,653,589 589
231,121		 121
4,884,710		 710
4,927,021
Funds 14
Unrestricted funds 4,653,589 4,686,975
Restricted funds 231,121 240,046
TOTAL FUNDS 4,884,710 710
4,927,021

The financial statements were approved by the Board of Trustees and authorised for issue on 21[st] September 2025 and were signed on its behalf by:

T Bland - Trustee

P C Ellis - Trustee

The notes form part of these financial statements

Page 12

LEEDS AREA QUAKER MEETING

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of lreland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The trustees are satisfied that there are no material uncertainties that will affect the charity's ability to continue as a going concern for a period of no less than 12 months from the signing of the Balance Sheet.

Incoming resources:

Donations and legacies

All incoming donations and legacies are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured witl1 sufficient reliability.

Rental/Hire of meeting houses and investment properties

Incoming resources from rental activities are included in the Statement of Financial Activities (SOFA) in the period in which the charity becomes entitled to the funds.

Interest receivable

Interest is included in the Statement of Financial Activities (SOFA) when receivable by the charity.

Resources expended

Resources expended are recognised in the period in which they relate to. Resources expended include attributable VAT which cannot be recovered.

Resources expended are allocated to the particular activity where the cost relates directly to that activity. Where costs are attributable to more than one activity, the costs are apportioned across those activities on the basis of an estimate of their usage. Charitable activities include expenditure associated with the operation of the meeting houses and running charitable activities and include both the direct costs and support costs relating to these activities. Governance costs include those costs incurred in the governance of the Charity and its assets and are primarily associated with constitutional and statutory requirements.

Raising funds

Resources expended in relation to the raising of funds relate to the management costs associated with the fixed asset investments and the maintenance costs associated with the freehold land and buildings which are held at cost. Expenditure is recognised in the period to which it relates.

Charitable activities

Resources expended on charitable activities covers the majority of the operations of the charity. This includes all administrative and general operating costs of the charity, including the employment of a residential warden at one meeting house and a 0.2FTE Quaker University Chaplain until October. Donations to other organisations and grants offered are also included in this breakdown.

Grants

The charity offers grants to other organisations as well as individuals.

Grants payable with performance conditions

Where the charity offers a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised as resources expended in the Statement of Financial Activities (SOFA) once the recipient of the grant has completed their obligations to meet the performance conditions.

Page 13

continued...

LEEDS AREA QUAKER MEETING

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024

1. ACCOUNTING POLICIES - continued

Charitable activities

Grants payable without performance conditions

Where there are no conditions attached to a grant offered by the charity, the full cost of the grant is recognised in the Statement of Financial Activities (SOFA) as an outgoing resource in the period where the grant is offered and accepted by the donee.

Tangible fixed assets

Individual fixed assets costing £500 or more are capitalised at cost.

Depreciation is provided on all tangible fixed assets at rates calculated to write each asset down to its estimated residual value evenly over its expected useful life, as follows:-

Fixtures, fittings and equipment: straight line over 5 years Freehold land & buildings : regular revaluations

Taxation

As a charity, the organisation benefits from rates relief and is generally exempt from corporation tax, but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.
INVESTMENT INCOME
Rent from investment property (cottages and Carlton Hill offices)
Interest and dividends		 2024
£
42,054
10,242
52,296		 2023
£
38,274
7,679
45,953

Page 14

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LEEDS AREA QUAKER MEETING

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024

3. RAISING FUNDS

3.
RAISING FUNDS
Investment management costs
Investment management costs
Maintenance of investment property		 2024
£
5,091
14,133
19,224		 2023
£
5,029
12,183
17,212

4. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

2024 2023
Full time equivalent 1 1

No employees received emoluments in excess of £60,000.

Page 15

continued...

LEEDS AREA QUAKER MEETING

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2024

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS
FROM
Donations and legacies
Investment Income
Other income
Total income
EXPENDITURE ON
Raising funds
Charitable activities
Depreciation
Administrative costs
Utilities, services and insurance
Property maintenance
Donations to other Quaker organisations
Grants payable
Salaries, NI and pensions
Non-Quaker donations
Independent examination costs
Total expenditure
NET INCOME/(EXPENDITURE)
Transfers between funds
Net gains/(losses on investments)
Net movement in funds
RECONCILIATION OF FUNDS
Fund balances brought forward
Fund balances carried forward		 2023
2023
2023
Unrestricted
Restricted
Total
funds
funds
funds
£
£
£
61,172
4,857
66,029
45,953
45,953
173,395
173,395
280,520
4,857
285,377
17,212
17,212
4,920
4,920
58,690
61
58,751
31,690
31,690
58,150
58,150
4,320
4,320
2,314
6,264
8,578
32,902
32,902
184
184
1,745
1,745
212,127
6,325
218,452
68,393
(1,468)
66,925
7,608
10,187
17,795
76,001
8,719
84,720
4,610,974
231,327
4,842,301
4,686,975
240,046
4,927,021

Page 16

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LEEDS AREA QUAKER MEETING

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024

7 RESTRICTED FUNDS

RESTRICTED FUNDS
Friends Action on Poverty
LAQM Trust Fund
Small Grants Fund
Refugee Appeal
LCC Ukraine Support Fund		 Balance
b/f at
1.1.24
Incoming
Outgoing
Transfers
between
funds
Balance
c/f at
1.1.25
£
£
£
£
£
5,953
10
(500)
5,463
228,914
213
(15,278)
213,849
4,610
2,055
(2,398)
5,000
9,267
569
5,291
(3,318)
2,542
0
6,000
(6,000)
0
240,046
13,569
(2,898)
(19,596)
231,121

Fund Name

Fund Name
Friends ActiononPoverty To providegrantsto individualsor organisationsinthe Leeds area to relieve
poverty.
LAQMTrustFund This fund was formerlymanaged as a separatecharity butwasmergedwith
LAQM on 30 December 2012.The object of thefundisthefurtherance of the
general religious andcharitable purposes of the Religious Society of Friends
(Quakers) in Britain in thevicinityof Leeds andIlkley andbeyond. Most ofthe
fund balance is in investments andthe incomeis thegrowth on thatinvestment.
Small GrantsFund Toassist voluntary and charitableorganisations running projects inlinewith
Quaker values of Truth, Simplicity, Sustainability,PeaceandEquality. The
income is a combinationofdividendsand withdrawalsfromthe LAQMTrust
Fundinvestments,bank interestandincomefrom solar panels
Refugee Fund Donations from fundraising appealtowards supportingrefugees.The transfer
represents a proportion of the lossof rental incomefrom theRoundhay
investment property used for theUkranian family programme
LCC Ukraine Support Fund Grant towards the cost of hosting aUkranianfacility.The transfer representsa
proportion of the loss of rental incomefrom the Roundhay investmentproperty
used for the programme.

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LEEDS AREA QUAKER MEETING

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024

8 DESIGNATED FUNDS
Sanctuary Everywhere
Enrichment		 Balance b/f
at 1.1.24
Incoming
Outgoing
Transfers
between funds
Balance c/f
at 1.1.25
£
£
£
£
£
13,702
3,950
9,752
8,062
100
7,962
21,764
0
4,050
17,714

Fund name Reason for designation

Sanctuary Everywhere To support the work carried out by the local meetings in relation to refugees and asylum seekers.

Enrichment A fund to help support the life of local meetings and to enrich the spiritual life of the meetings.

9. TANGIBLE FIXED ASSETS

COST
At 1st January 2024 and 31st December 2024
DEPRECIATION
At 1st January 2024
Charge for year
At 31st December 2024
NET BOOK VALUE
At 31st December 2024
At 31st December 2023		 Freehold
Property
Computer
Equipment
Total
£
£
£
4,131,749
24,627
4,156,376
23,102
23,102
1,525
1,525
24,627
24,627
4,131,749
0
4,131,749
4,131,749
1,525
4,133,274

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NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024

10. FIXED ASSET INVESTMENTS

MARKET VALUE
At 1st January 2024
Income generated
Management fees
Withdrawals
Gain/(loss) on revaluation
At 31st December 2024
NET BOOK VALUE
At 31st December 2024
At 31st December 2023		 Listed
investments
£
396,159
10,174
-5,091
-49,500
8,577
360,319
396,159

Fixed asset investments consist of a range of holdings, managed by an investment manager on behalf of the Charity. Investments held at the reporting date are made up of a global portfolio of gilts, corporate bonds and index funds which diversify the portfolio such that the relative risk of the investment is reduced.

11 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade Debtors
Prepayments
12 CASH AT BANK
Central
Adel
Carlton
Gildersome
Ilkley
Rawdon
Roundhay
Leeds City Credit Union		 2024
£
2,500
4,776
7,276
2024
£
73,412
40,005
73,382
11,449
16,289
20,670
41,483
110,998
387,688		 2023
£
566
3,624
4,190
2023
£
41,063
48,236
93,791
21,648
23,227
21,936
34,244
110,998
395,143

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NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024

13 CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR
Accrued expenses
Creditors (acting as agent)		 2024
£
1,170
1,152
2,322		 2023
£
1,745
1,745
14. MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS		 At 1.1.24
Net movement
in funds
At 31.12.24
£
£
£
4,686,975
-33,386
4,653,589
240,046
-8,925
231,121
4,927,021
-42,311
4,884,710

Net movement in funds included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS		 Incoming
resources
Outgoing
resources
Gains and losses
Movement in
funds
£
£
£
£
213,161
-250,567
4,020
-33,386
13,569
-27,051
4,557
-8,925
226,730
-277,618
8,577
-42,311

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LEEDS AREA QUAKER MEETING

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024

14. MOVEMENT IN FUNDS - continued
Net
Balance b/f movement in Transfers Balance c/f
at 1.1.23 funds between funds at 31.12.23
Comparatives for movement in funds £ £ £ £
Unrestricted funds
General fund 4,610,974 76,001 4,686,975
0
Restricted funds
Restricted funds 231,327 17,859 -9,141 240,045
TOTAL FUNDS 4,842,301 93,860 -9,141 4,927,020
Comparative net movement in funds, included in the above are as follows:
Incoming Outgoing Movement
resources resources Gains and losses in funds
£ £ £ £
Unrestricted funds
General fund 262,717 -195,057 8,341 76,001
Restricted funds
Restricted funds 22,941 -23,676 9,454 8,719
TOTAL FUNDS 285,658 -218,733 17,795 84,720

A current year 12 months and prior year 12 months combined position is as follows:

Comparatives for movement in
funds
Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS		 Balance b/f
at 1.1.23
Net
movement in
funds
Transfers
between funds
Balance c/f
at 31.12.24
£
£
£
£
4,610,974
42,615
0
4,653,589
231,327
8,935
-9,141
231,121
4,842,301
51,550
-9,141
4,884,710

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LEEDS AREA QUAKER MEETING

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024

14. MOVEMENT IN FUNDS – continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS		 Incoming
resources
Outgoing
resources
Gains and losses
Movement in
funds
£
£
£
£
475,878
-445,624
12,361
42,615
36,510
-50,727
14,011
-206
512,388
-496,351
26,372
42,409

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the years ended 31 December 2024 or 31 December 2023.

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LEEDS AREA QUAKER MEETING

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Grants received
Investment Income
Rent from investment property
Interest and dividends
Charitable activities
Insurance claim
Other income
Other receipts
Activities
Letting of Meeting Houses
Other fundraising income
Total incoming resources
EXPENDITURE
Investment management costs
Investment management costs
Maintenance of investment property
Charitable activities
Property maintenance
Administration and consultancy
Utilities, service and insurance
Salaries, National Insurance and pension
costs
Library
Outreach
Committees and conferences
Grants payable
Activities
Northern Friends Peace Board (NFPB) quota		 2024
2023
£
£
63,775
66,029
13,828
9,277
6,000
5,500
83,603
80,806
42,054
38,274
10,242
7,679
52,296
45,953
83,679
0
83,679
1,994
1,600
571
(6)
88,266
72,863
482
90,831
74,939
226,730
285,377
5,091
5,029
14,133
12,183
19,224
17,212
92,064
58,150
9,683
850
43,935
31,690
38,246
32,902
1,749
1,267
7,385
275
1,772
3,352
9,110
8,578
1,415
8,027
1,700
1,730

Continued…

This page does not form part of the statutory financial statements

Page 23

LEEDS AREA QUAKER MEETING

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 31 December 2024

Charitable activities continued
QIY quota
Donations to yearly meeting
Donations to other Quaker groups
Non-Quaker donations
Depreciation
Accountancy and independent examination
Total expenditure
Net income / (expenditure) before gains and losses
Realised recognised gains and losses
Realised gains/(losses) on fixed assets investments
Net income/(expenditure)		 850
0
42,500
43,250
2,970
4,320
2,320
184
1,525
4,920
1,170
1,745
277,618
218,452
-50,888
66,925
8,578
17,795
-42,310
84,720

This page does not form part of the statutory financial statements

Page 24