Charlty reglstratlon number 1137897 Company reglstratlon number 06947462 (England and Wales) OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN LEGAL AND ADMINISTRATIVE INFORMATION Trustses Bary Mercer Jennifer Barraclough Katherine Gee Janel Harland Howard March Alan Pearmain Terence Pollard Charlty numbèr 1137897 Cornpany number 06947462 Principal land R•glstered Office 43 St Gilès Oxford OX13LW Independent examiner Crilchleys Audit LLP Beaver House 23-38 Hythe Bridge Street Oxford OX12EP
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN CONTENTS Page TruslÈ&s' report Statement of Trustees, responsibilities Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 10-20
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their annual report and financial statements for the year ended 310ecember 2023. The financial statements have been prepared in accordance wth the accounting policies set out in note 1 to the financial statements and comply with the Charity's Igoveming do¢umenll, the Companies Act 2006 and "Ac(xiunling and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicablo in the UK and Republic of Ireland IFRS 1021. leffeclive 1 January 20191. Obleetlv•s and a¢tlvlties The objects of the Charity are, for the public benefit, 'to advance the religious purposes of the Religious Soclety of Friends (Quakers) in Britain in the area of the Oxford and Swindon Area Quaker Meeting and beyond.. These objects are mainly achieved through holding weekly public meetings for worship at our local meetings. Achiévements and performanc& Meetings for worship are held on Sundays by the consliluent Local Meetings, which are open to the public and conducted in the manner of Friends. Addillonal meetings are held during the week at Oxford Quaker Meeting House, Abingdon and Swindon Meeting House. The Local Meetings make arrangements for the pastoral Ca and for the spiritual life of their membership in accordance with the Quakor Faith and Practi.. the book of Christian discipline of the Religiou5 Soaety of Friends lQuakers). Thè management of the business of the Area Meeting is conducted at meetings for church affairs in which Members and Attenders may partiCApale and also similar mtselings conducled by the constituent Local Meetings and at meetings of trustees. These meetings have continugd lo take place during 2023, both in person and using Zoom technology. Trustees have received reports on the maintenance and upkeep of the properties in their ownership and have considered and approved ¢ertain improvements and general upkeep. A significant expenditure on repalrs lo 42 St Giles was approved and the work undertaken. Trustees have reviewed insurance cover and assessed the risks facing the charity. Safeguarding policies and practices have continued to be implemented, with support from our designated trustee for this role, Britain Yearfy Meeting and specialist agenaes. Trustees have undertaken appropriate training and DBS checks have been completed. Otjr work in consolidating adminislrative and financial support at an operallonal level across the Aa Meeting, beginning with two Local Meetings al an exp8rimenlal level, had to be discontinued when appointments could not be made. The Local Meetings concerned, whose willingness lo take part was appreciated, have now made their own arrang¢m$nls for this support. Finanaal support for an area-wide outreach group was provided, as was support lor th8 appolnlment of a Children's and Families worker. shared with Mid-Thames Area Meeting and managed by Britain Yearly Meeting. Overall. our finances have relllained stable. However, although we are confidant that at present we have the material and spiritual resources lo maintain the work of the Area Meeting, trustees a concerned that across the Area Meeting, it is proving difficult lo find Friends to fill the posS1ions needed to conduct our business as required.
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Financial review The financial slalements of the charity for the year ended 31BI December 2023 include the income and expenditure, as well as the assets and liabilities of the Are8 hAeeling and all its consliluenl local meetings. The charity had an operational deficit of £64,46412022.' Surplus of £14,777) during the year ended 31Ét December 2023. The charity had an investment gain of £27,10812022' investment loss of £35.2571 during the year ended 31 December 2023. The total funds of the Charity al 31 December 2023 were £2,662.10112022'. £2.699,4571. Reserves pollcy Reserves policy Each Ioc81 meeting is required to hold enough reserves to fund six months activities, the amount of which varies by meeting. The charily as a whole has unrestricted and undesignated reserves of £713,523, which is sufficient lo support ath'vits'es for a significant period. In addition, each local meeting which owns a meeting house must hold designated building reserve baseé on the Quinquennial Remew an4J an assessment of risks, agr8ed between the Area Meeting Treasurer and the Property Trustee. Th8 Trustees are aware of their duly to apply funds of the charity within a reasonable lime of their recelpt and monitor the level of actual reserves against the above tsrgel levels on an on-going basis. Plan5 for future perlods In future, the charity plans lo maintain its current provision of local meetings and to continue lo provide opportunities for the general public to encounter worship with the Society of Friends. Structure. governance and management The Oxford and Swindon Area Quaker Meeting of the Religlous Soclely of Friends (Quakers) In Britain is a company limited by guarantee and registered as a charity under the Charities Act under the name The Religious Society of Friends The Oxford and SndOn Area Quaker Meetings Charities. The charitable company is governed by its Memorandum and Articles of Association. The Charity w85 incorporated as a company on June 29th 2009 (registered company number 069474621 and registered by the Charity Commission on September 23Td 2010 (charity number 11378971. Prior lo gIStratIon with the Ch8rity Commission. the ch8rity held excepted charity ststus. The Iruslee 5ctors set out below held office during the whole of the period expt there otheNise ststed. The company has no shar8 capital and the director5 have no interests in it. Christine Walters Barry Mercer Jennifer Barraclough KalheTin& Ge8 Janet Harland Howard March Nicholas Mayhew Alan Pearmain TenCe Pollard (Appointed 5 November 2023 and resigned 29 February 2024) {Appointed 15 February 2023 and resigned 8 Juty 20231
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Recruitment and appoinlm8nt of twslees The Board consists of no fewer than five and no more than fifteen persons appointed by the members of the Charity. The Trustees ar8 appointed from Friends nominated by the Area Meeting Nominations Gommitlee. The Board can appoint up to three Friends as additional co-opted Trustees. They will hold office until the next annual general meeting, or where no annual general meeting is held, until 12 months following the original appointment, when they may be reappointed by the Board. No Trustee appointed in this way shall serve more than three years without the agreement ol Ihe members. P8rttcular emphasis is placed upon the appointment of Trustees with knowledge and experfence relevant lo the charitable company's activities. Before appointment, prDposed new Iruslees are asked to Tead induction materials which include a trustee job description, background information on the charity, and an overview of Iheir responsibilities under the Cornpanies and Charities Acts. Organisatnal struGture Day lo day administration of the charity is delegated lo th6 Local Meetings under the supervision of the Board of Trustees. DecAsion-making powers are retained by the Twslees and exercised at their regular meetings. Thts Trustees have identified and considered the major risks to which the charity is exposed and have established systems and procedures to manage those risks. Quakers have no paid ministry, so th8 work and administration of both the Area meeting and its consliluenl local meetings a mostly carried out by volunteers. The Truslees, report was approved by the Board of Trustees. Jennifer Barra Trustee lough Dale..
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees, who are also the directors of Oxford and Swindon Area Quaker Meeting of the Religious Society of Friends lQuaker51 In Britain for the purpose of company law, are responsible for preparing the Trustees, Rèport and the financial statements in accordance wrth applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Praclicel. Company Law requires the Trustees lo prepare financial staternents for each financial year which glve a true and fair view of the stste of affairs of the Charity and of the incoming resources and application of resources, including the income and gxp&ndilure, of the tharilable company for that year. In preparing these financial slalemen15, the Trustees are required to.. select suitable accounting policies and then apply Ihem consistently.. - observe the methods and principles in the Charities SORP., make judgaments and eslimales that are reasonable and prudent., slate whether applicable UK Accounting Standards have been followed, subject to 3ny material departures disclosed and ewained in the financial stataments., and prepare the financial ststemenls on the going conrn basis unless it is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for ké8ping adequate accounting records that disdose with reasonable accuraw 8t any time Ihe financial position of the Charity and enable them to ensure that the fin8n¢ial statements comply wf(h the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps lor the preventr'on and detection of fraud and other irregularities.
OXFORD AND SWINDON AREA QUAKER MEETING OF THE C R I T C H L E Y S RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) BRITAIN INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN I report lo the Trustees on my examlnalion of the finanaal statements of Oxford and Swndon Area Quaker Meeting of the Religious Society of Friends (Quakers) In Britain (the Charilyl for the year ended 31 December 2023. Responsibilities and b35is of report As the Trustees of the Charity land also ils directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance wilh the requirements of the Companies Act 2006 {Ihe 2006 Acll. Having satisfied myself that the financi81 statements of the Charity a not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's financial stslemenls carried oul under section 145 of the Charities Act 2011 Ith8 2011 Act). In carrying oul my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Ind•pendent examlner's statsmont Since the Charitls gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination bec3uge l am a member of the ICAEW. which is one of the listed bodies. I have completed my examination. I confirm that no matters have come lo my attention in Connection wth the eyaminalion giving me cause lo believe that in any material respect.. accounting records We not kept in respect of the Charity as required by section 386 of the 2006 Act.. or the financial ststements do not accord with those records., or the financial statements do not comply with the accounting requirernenls of section 396 of the 2006 Act other than any requirement that the accounts give a trLJe and fair vSew which is not a rnatter considered as part of an independent examination., or the financial slalements have not been prepared in accordance with the methods and principles of the ststemÈnt of Recommended Practice for 8ccounting and reporting by charities applicable lo tharities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republie of Ireland IFRS 1021. I have no conrnS and have come acfOSS no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Katherine Wllkès FCA Datod: 1819124 Crilchleys Audit LLP Be8ver House 23-38 Hythe Bridge Street Oxford OX1 2EP
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OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN BALANCE SHEET ASAT 31 DECEMBER 2023 2023 2022 Notes Fixed assets Tangible assets Investment properties Investments 13 14 15 34,914 1,380,500 491,085 42,288 1,380,500 463,977 1,906,499 1,886,765 Current assets Debtors C8sh al bank and in hand 16 60,989 733,694 49,439 798,914 794,683 848,353 Creditors: amounts falling due within one year 17 (39,0811 135,6611 Nel current assets 755,602 812,692 Total assets less current liabilities 2,662,101 2,699,457 Capltal funds Endowment funds- general Income fund5 Re5tri¢ted funds Unresiricted funds Designated funds General unreslri¢ted funds 18 58,686 64.334 19 1,889,887 713.523 1,922,298 712,820 2.603.410 2,635,118 2.662,101 2,699,457
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS IQUAKERS) IN BRITAIN BALANCE SHEET (CONTINUED AS AT 31 DECEMBER 2023 The company is enlilled to the exempts'on from the audit requirement contained in seciion 477 of the Companies Act 2006. for the year ended 31 December 2023. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of financial slalements. The members have not required the company to obtain an audit of ils financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with thg provisions applicable to companies subje lo the small companies regime. 13.0?.24 The financial slalements were approved by the Trustees or* ........................ ennifer Barra¢lo Trustee Company règistration number 06947462
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS IQUAKERS) IN BRITAIN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng policies Charity informatlon Oxford and Swindon Area Quaker Meeting of the Religious Society of Friends (Quakers) in Britain is ch¥ritsble company in the United Kingdom. In the event of the charity being wound up, the liability in respect of the guarantee is limited lo £1 per member of the charity. The address of the gIStered office is given in the charity inlomiation on page 1 of these financial statements. The natu of the charity's operations and principal actwities are holding public meeting for Worship. The charity conslilules a publlc benefll entity as defined by FRS 102. 1.1 Accounting convèntlon The finanaal statements have been prepared in accordance with Accounting and Reporting by Charities.. Stslemenl of Recommended Practice applicable to charitie5 preparing their accounts in accordan¢e with the Financial Repong Standard applicable in the UK and Republic ol Ireland IFRS 1021 effective from 1 January 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021. the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Pfactice as it applies from 1 January 2019. The Charity has taken advantage of the prowsions in the SORP for charities not to prepare a Statement of Cash Flow5. 1.2 Golng concern The financial slalements are prepared on a going concem basls under the historical cost convention. modified lo include certain items at fair value. The financial statements are prepared in slerfing which is the funth'onal currency of the charity. 1.3 Charitable funds Unreslricled funds are available for use al th8 discretion of the Trustees in furtherance of their charilablg objectives. Restricted funds are subject to speufic conditions by tJonors OT grantors as lo how they may be used. The purposes and us9s of the restricted funds are sel out in the notes to the financial Stslemen. Endowment funds are subject lo specific conditions by donors that the capital must be maintained by the Char+ly. 1.4 Inc¢me All incoming resources are included in the Statement of Financial Activities ISOFAI when the charity is legally entitled lo the income, after any perfomance conditions have be8n met. The amount Gan be measured reliably and it is probable that the income will be received. Donations For donations to be recognised the chgrity will have been notified of the amounts and the settlement dale in writing. If there are conditions atiached to the donation which qUireS a level of perfomiance before entstlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those condition5 IS within the conlrol of the charity and (c is probable that they will be fulfilled. Legacies For legacies, entitlement is the earfier of the charity being notified of an impending distribution or thè legacy btring received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible lo measure the amount expected to be distributed. On these occ8sions, the legacy is treated as a conlingenl asset and dis¢losed. 10-
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policiès IC¢ntlnuedl Grants 'Income from grants are Tecognised at fair value when the charity has entitlement after any performance conditions have been mel, il is probable that the incorlle will be received and the aTnoun15 can be measured reliably. If enlillemenl is not met then these amounts are deferred. Trading Activitle$ Income from trading 8ctivilies includes incomè earned from trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise lund5 and is recognised when entillemenl has occurred. Investmant Income Investment income is eaTned through holding assets for investment purposes such as shares and property. It includes diwdends, interest and Tent. Where it is not practicable to identify investment tllanagement costs incurred within a scheme with reasonable accuracy the investment income is reported nel of these costs. It is included when Ihe amount can be fneasured reliably. Interest income is recognised using the effective interest method and dividend and rent incorne is recognised as the charity's right to receive payment is established. Income from activities for gènerating funds IncorNe from activities for generab'ng funds consists of income frorwi sale of work. which is recognised when eam8d. 1.5 Exp•ndltuFe All expenditure is accounted for on an accruals basis and has been dassified under headings that aggregate all cosls related lo the category. Expenditure is recognised where there is a legal or ¢onslruclive obligation to make paymenls to Ihird parties, il is probable that the selllement will be qLl1red and the amount of the obligation can be measured reliably. 11 is categorised under the following headings.. Cost of raising funds These costs include all exp8nditure Incurred by the charity to raise fvnds for its charitable purposes and include costs of all fundraising activititrs events and non-charitable trading. Expendlture on charftabl• actlvltles These costs include support Costs and costs relating to the governance of the charity apportioned to charitable activities. Grants payable lo third parties are within the charitable objeclives. Where unconditional grants are offered. this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. No amount is induded in the financial siatements for volunteer lime in linè with the SORP IFRS 1021. Further detail is given in the Tru5tee5' Annual Report. 1.6 Tangible fixed ass8t$ Tangible Fixed Assets are stated 8t historical cost less depreciation. Depreciation is provided using various bases and rates which reflect the Bnti¢ip8ted useful lives of the variou5 85sels and their estimated residual values. D8pr8cialion is charged on the following b8se8'. Land and buildings Building improveTNenls Freehold land is not depreciated 50 years straight line 10 years straight line
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcl•$ {Contlnuedl 1.7 Fixed asset Investmènts Investments are recognised initially at fair valije which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in 'net gainslllossesl on inveslm8nls' in the SOFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impaimient. Investment propertie5 for which fair value can be measured reliably wilhoul undue cost or effort are measured al fair value at each reporting date with changes in fair value recogni5ed in 'net gains I Ilossesl on inveslmenls. in the SOFA. Assets not measured al fair value are reviewed for any indicab'on that the asset may be impaired at each balance sheel dale. If such indication exists. the recoverable amount of the asset is estimated and compared lo the carrying amount. Where the carrying amount exceeds its recoverable amount, an irrpairment loss is recognised in profil or loss unless the asset is carried at a revalued amount where the Impairment loss is a revaluation decrease. 1.8 Cash and cash eqvlv•lents Cash and cash equivalents include cash in hand, dep05115 held at call with banks, other short-lerm liquid investments with original malurib'es of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in CLJrrent liabilities. 1.9 T8xation The charity is an gxempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the lesls set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore il m8ets the definition of a Charitab company for Èhe UK Corporation tax purposes. Crltlcal accounting estlmat8s and judgements Estimates and judgements are continually evaluated and are based on historlcal experience and other factors, including expectations of future events that are believed lo be reasonable under the circumstance5. Donations and legacles Unrestricted Restricted funds funds Total Unrestricted funds Restricted funds Total 2023 2023 2023 2022 2022 2022 Contributions I Schedules Legacies receivable Donated goods and seNices Collections l Fundraising 149,595 1,000 149,595 1,000 130,926 43,446 130,926 43,446 2.313 666 2,313 5,492 1,940 795 1,940 5,892 4,826 5.097 155,421 2,979 158,400 179.469 2.735 182,204 12-
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Incom• from charitable activiti8s Unrestricted funds 2023 unrèstr1ed funds 2022 Other tradlng activities Sales of Literature Leltings l Use of Premises 43 127.164 156,058 156.058 127,207 Income from Invèstmonts Unrestricted UnrastrSct•d funds funds 2023 2022 Investment Income 17,360 7,888 Ral$lng funds Unre$trlcted Unre$trlcted funds 2023 2023 Raising Funds 6,652 4,845 6,652 4,845 13-
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expendlturn on charitable a¢tSvltles Charltable Charltable expènditure expenditur• 2023 2022 Dlrect costs Staff costs Depreciation and impairment Grants Payable Premises Costs Library l Outreach Insurance Other Charitable Expenditure Legal and Professional Fees 62,099 7,374 157,698 127,231 2,806 10,931 11,989 11.904 63,456 11,649 122,052 78,436 1.965 8,529 12,533 11,795 392,032 310,415 Analysls by fund Unrestricted funds Restricted funds 388,940 3,092 308,720 1,695 392,032 310,415 Net movement in fund8 2023 2022 The net movement in funds is stated after chargingllcreditingl: Depreciation of owned tsngible fixed assets 7,374 11,649 Trustags The Trustees neither received or waived any remunerakn.on during the year, or had any expenses reimbursed during the y8ar12022.' £Nill 10 Employees The average monthly number of employees during the year was: 2023 Number 2022 Nurnber Employees Employment costs 2023 2022 Wages and s3laries 62.D99 63,456 14-
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Employ••$ Icontlnuedl There were no employees whose annual remuneration was more than £60,t)DD. 11 Galns and los$ on Investments Unrostrlcted Restrlcted funds funds 2023 2023 Totsl Unrestricted R•strlctèd funds funds 2022 2022 Total 2023 2022 Gainslllossesl arising on.. Revaluation of investments 32,643 15,5351 27,108 133,7131 11.5441 {35.2571 12 Taxation The charity is exempl from taxation on ils activities because all its income is applied for charitable purposes. 13 Tangible fixed assets Bulldlng improvomonts Cost At 1 January 2023 346,183 At 31 December 2023 346,183 Depreciation and impalnnerrt At 1 January 2023 Depreciation charged in the year 303,895 7,374 At 31 December 2023 311,269 Carrying amount At 31 December 2023 34,914 Al 31 December 2022 42.288 14 Investment property 2023 Falr value At 1 January 2023 and 31 December 2023 1.380.500 The investments are held primarily lo generate an investment return for the charity. 42 St Glles was revalued during 2022 and review of the latest available market information suggests no material change in value since. Specialist revaluation wll typically occur every live years. 15-
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 15 Fix•d asset investments Other Social Investment$ Investments Totsl Cost or valuation At 1 January 2023 Valuallon changes 453,477 27,108 10.500 463,977 27,108 At 31 December 2023 480.585 10,500 491,085 Carrying amount Al 31 December 2023 480.585 10.500 491.085 At 31 December 2022 453.477 10,500 463.977 16 Debtors 2023 2022 Amounts falllng due wlthln one year". Other debtors 60,989 49,439 17 Credltors: amounts falling due wlthln onè year 2023 2022 Other creditors 39.081 35,661 16-
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 18 Restricted funds The restri¢ted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as lo how they may be used. At 1 January 2023 Incoming resources Resources expended Transfers Gains and losses At31 December 2023 Garden Room Dudderige Sharp Ross Faringdon Abingdon Marlborough Swindon Others 48,827 8,211 5,474 328 70 415 151 49.242 5,100 3.201 428 {3,2621 12.2731 100 1,439 363 511 {1,5091 13631 11,2201 1.353 71 644 T1 64,334 2.979 13,0921 15,5351 58,68 Previous year.. At 1 January 2022 Incoming resourc8S Resources èxpended Transf&rs Gains and 1055es At31 December 2022 Garden Room Dudderige Sharp Ross Faringdon Abingdon Marfborough Swindon Others 79,927 9,343 5,793 328 702 93 131.8021 48,827 8,211 5,474 328 70 {1.2251 {3191 625 695 620 15551 16951 14451 1,178 71 1.353 71 96,640 2.735 11,6951 131,8021 (1,5441 64,334 The Evelyn Dudderidge Fund comprises monies provided to be used for edub.On. The fund Is maintained by the Burford Local me8ting. The Sharp l Ross Fund comprises monies provided to be used for peace work studies. The fund is maintained by Burford Local meeting. 17-
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 19 Unrnstrict•d funds The unrestricted funds of the charity comprise Ihe unexpended balances of donalions and grants which are not subject to specific conditions by donors and grantors as lo how they may bo used. These include designated funds which have been sel aside out of unreslricled funds by the trustees for specific purposes. At 1 January 2023 Incoming resource8 R8$ourc•s expended Transfers Galn$ and losses At31 December 2023 Unresmcled funds Designated General funds 1,922,298 712,820 44,247 286,994 1117,3021 1278,2901 40,644 140,6441 1,889,887 713,523 32.643 2,635,118 331,241 1395,5921 32,643 2,603,410 Prevlous y•ar: At 1 January 2022 Incoming resources Resources expended Transfers Galns and Io$sgS At31 December 2022 Unrestricted funds Designated General funds 1,917,961 705.331 44,448 282,854 197,1961 {216.3691 63,481 131,6791 {6,3961 127,3171 1.922.298 712,820 2,623,292 327.302 {313,5651 31,802 133,7131 2.635.118 18-
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OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 21 Rglat•d party tran$a¢tions There were no discloyable related party trans8Ctions during the year12022- none). 20-