Charity registration number 1137897 IEngland and Wales) Company registration number 06947462 OXFORDAND 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 2024
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN LEGAL AND ADMINISTRATIVE INFORMATION Trustees J Barraclough H March A Peamiain K Nicholas T Massey K Harris G Green Charity number 1137897 Company number 06947462 Principal land Registered Office 43 St Giles Oxford OX1 3LW Indepgndent examlngr Gravita Audit Oxford LLP Park Central 4041 Park End Street Oxford OX1 1JD
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN CONTENTS Page Trustees, report Statement of Trustees, responsibilities Independent exarninerfs report Stslemenl 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 2024 The Trustees present their annual report and financial slalements for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out In note 1 to the financial 51alemen15 and comply wlh the Charity's governing document, the Companies Act 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Objectlves and actlvltles The objects of the Charity are, for the public benefit. 'to advance the religious purposes of the Religious Society 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 al our local meetings. Achievements and perfonnance Meetings for worship are held on Sundays by the constituent Loc21 Meetings, which are open to the public and conducted in the manner of Friends. Additional meetings are held during the week at Oxford Quaker Meeting House, Abingdon and Swindon Meeting House. The Local Meetings continue to make arrangements for the pastoral care and for the spiritual life of their membership in accordance with the Quaker Faith and Practice.. the book of Christian discipline of the Religious Society of Friends (Quakers). The management of the business of the Area Meeting is conducted al meetings for church affairs in which Members and Attenders may participate and also similar meetings conducted by the constituent Local Meetings and al meetings of trustees. These meetings have continued to tske place during 2024, 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 rtain Improvements and general upkeep. A significant expenditure on repairs lo 42 Sl Giles was approved and the work Is in progress. Trustees have reviewed insurance cover and assessed the risks facing the charity. Safeguarding policies and practices have continued lo be implemented. with support from our designated trustee for this role, Britain Yearly Meeting and specialist agencies. Trustees have Ljndertaken appropriate training and DBS checks have been completed. The demographics of the Area Meeting continue lo be of ConM.. il is becoming increasingly difficult to find Friends with lime and energy lo carry out the voluntary work which is an essential part of our worshipping community. To respond to this issue, financial support for an area-wide outreach group wa5 provided, as was 5UPPOrt for thè appointment of a Children's, Youth and Family Development Worker ICYFDW), shared with Mid-Thames Area Meeting and managed by Britain Yearly Meeting. We also benefit from the appointment of a Local Development Worker. shared with two other Area Meetings and managed by Britain Yearly Meeting. Overall, our finances have remained stable. We are confident that at present we have the material and spiritual resources lo maintain the work of the Area Meeting. Trustees remain Conrned that across the Area Meeting, finding Friends lo fill the positions needed to conduct our business is challenging. That said, il is pleasing to note that recently appointed Iruslees have come forward and bring a wealth of experience In trust administration and financial matters. Trustees remain grateful for the contribution made by many lo the right conduct of our business and spirf(ual matters.
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 2024 Financial review The financial stslemenls of the charity for the year ended 31 * December 2024 include the income and expenditure, as well as the assets and liabilities of the Area Meeting and all its constiluenl local meetings. The charity had an operational deficit of £47,71212023'. £64,464) during the year ended 31st December 2024. The charity had an investment gain of £18,9(2o23.' £27,108) during the year ended 31 St December 2024. The total funds of the Charty a131 December 2024 were £2,633,35812023. £2,662,101). ReseeS policy Reserves pollcy Each local meeting is required to hold enough reserves to fund six months activities, the amount of which varies by meeting. The charity as a whole has unrestricted and undesignated reserves of £683,770, which is sufficient to support adivilies for a significant period. In addition, each local meeting which owns a meeting house musl hold a designated building reserve based on the Quinquennial Review and an assessment of risks, agreed between the Area Meeting Treasurer and the Property Trustee. The Trustees are aware of their duly lo apply funds of the charity within a reasonable time of their receipt and monitor the level of actual reserves against the above target levels on an on-going basis. Plans for future periods In future, the charity plans lo maintain its current provision of local meetings and lo continue to provide opportunities for the general public to encounter worship with the Society of Friends. Struure. governance and managemenl The Oxford and Swindon Area Quaker Meeting of the Religious Society 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 Friend5 The Oxford and Swindon Area Quaker Meetings Charitie5. The chaiilable company Is governed by Its Memorandum and Articles of Association. The Charity was incorporated as a company on June 29th 2009 (registered company number 069474621 and registered by the Charity Commission on September 23rd 2010 (charity number 11378971. Prior to registration with the Charity Commission, the charity held excepted charity status. The Iruslee directors set out below held office during the whole of the period except where otherwse slated. The company has no share ¢apitsl and the directors have no interests in it. C Walters B Mercer J Barradough KGee J Harfand H March A Pearmain T Pollard K Nicholas T Massey K Harris G Green (Resigned 29 February 20241 (Resigned 16 July 20241 (Resigned 11 January 20251 (Resigned 11 January 20251 (Resigned 30 March 20251 (Appointed 11 April 20241 (Appointed 11 January 20251 (Appointed 11 January 20251 (Appointed 11 January 20251
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN TRUSTEES. REPORT (INCLUDING OIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Recrurfment and apwnlment of Injslees The Board COnstS Df na fewer than fivè and no FnorB than fiftgèn persons appointed by Iho mamb8rs ol the Chanty. The Trustees are appointed from Fiiends nominated by the Area M88ling Nominations Comm1ttee. The b03rd can appoint up lo the Friènds as additional co-opted Trustees. They wll ho offic£ Ljnb'l the next ann1 general meeting, or where no annual general meets.ng Is hekj, until 12 months follow# the original app01ntrnellt. vmen they may be reappointed by the Boar¢. No Trustee appoin In this way shall serve more than three yeaTS ¥thOut the agreement ol the members. PartULr Emphasbs Is placed upon the appoinlrnent ol Trustees knowledge and &xpenence relevant to thfj harilable company's adivilies. Before appointrnenl, proposed new trustees are asked to rea¢J induclion materials vknith incjude a tru51ee job descrtption, background infomètion on the charity, and an ovetmew of their r8sponsibilltles under the Companies and Charities Acts. OrganisalionalslnKture Day to day admini5tralion of the tharity is delegated to the Loc21 Meets'ngs under the $upeNsion of the Board DI Twstees. Deasion-making ww¥iè rttsined by the Trustees anij exercised at their regular meellngs. The Trusiees have identified considered major risks lo which the chaiTty is exp9 and have estsblisheLI Sysiems and proureS to manage Ose nsks. auakers have no palé ministry. so the work and administrat of both Ihe Area meeting and rts ¢Stent IrKal meetstvJs afe mosty camed out by vdunteers. The TTuslee5' r8P011 wa5 app0Ve* by the Board of Tnjstees. J Barradough Date..
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 2024 The Trustees, who are also the directors of Oxford and Swindon Area Quaker Meeting of the Religious Society of Friends (Quakers) In Britain for the purpose of company law, are responsible for preparing the Trustees, Report and the financial slalements in accordan with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Aepted A¢¢ounling Practi1. Company law requires the Trustees lo prepare financial slalements for each financial year which give a true and fair view of the slate of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitsble Company for that year. In preparing these financial stslemenls, the Trustees are required lo.. select suitable accoLJnting policies and then apply them consistently., observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., slate whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial slalements., and prepare the financial statements on the going concern basis unless il Is Inappropriate lo presume that the Charity will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any lime the financial position of the Charity and enable them to ensure that the financial slalèments comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities.
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN 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 to the Trustees on my examination of the financial stslemenls of Oxford and Swndon Area Quaker Meeting of the Religious Society of Friends (Quakers) In Britain Ilhe Charity) for the year ended 31 December 2024. Responslbllltles and basls of report As the Trustees of the Charity land also its directors for the purposes of company lawl, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the finanaal statements of the Charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the Charity's financial statements carried out under section 145 of the Charities Act 2011. In carying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the Charities Ac12011. Independent examinerfs ststement Since the Charity's gross income exceeded £250.000. the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. 1 Confirm that l am qualified to undertake the examination because I 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 with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 386 of the Companies Act 2006. the financial slalements do not accord with those records,. or the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the finanaal statements give a true and fair view, which is not a matter considered as part of an independent examination,. or the financial slalements have not been prepared in accordance wlh the methods and principles of the Statement of Recommended Practi for aoUntIng and reporting by Charities applicable lo ¢harilies preparing their financial statements in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no COnrn$ and have ¢ome across 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. Gary Pready FCA Gravita Audit Oxford LLP Park Central 4041 Park End Street Oxford OX1 1JD Date. 22.JuLy..2025...
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OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notgs Flxed assets Tangible assets Investment properties Investments 13 14 15 30,885 1,380,500 510,055 34,914 1,380,500 491,085 1,921,240 1,906,499 Current assets Debtors Cash at bank and in hand 16 21,104 774,763 60,989 733,694 795,867 794,683 Creditors: amounts falling due within one year 17 {83,7491 139,0811 Net current assets 712,118 755,602 Total assets less current Ilabllltles 2,633,358 2,662,101 Capltsl funds Endowment funds- general Income funds Restricted funds Unrestricted funds Designated funds General unrestricted funds 18 59,280 58,686 19 1,890,303 683,770 1.889.887 713,523 2,574,073 2,603,410 2,633,358 2,662,101
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN BALANCE SHEET (CONTINUED) AS A T 31 DECEMBER 2024 The company Ss enutled to the Èxemption from the audit requifement contsined In sectlon 477 01 the Companies Act 2006. for the year ende(J 31 December 2024. Th8 directors 8cknowledge their responsibilities lor 0)mng wilh the requirements of the Cornpanie8 Act 2006 ith respect to accounting records and the preparation of financial ststements. Thè mèmbtrs have not requirad th8 (x)mpany to obtain an audit of 115 finantial statèments for the year in question in accordance wmth section 476. These financial statements have been prepared in acurdance with the provisions applicable lo companies subject to Iht small colnpanies regime. The financial statements were approved by the Trustees on ... .. arraclough Tfustee C¢Mnpany r•glstratlon number 06947462
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity inforniation Oxford and Swindon Area Quaker Meeting of the Religious Society of Friends (Quakers) in Britain is a charitsble company in the United Kingdom. In the event of the Charity being wound up. the liability in respect of the guaranlee is limited to £1 per member of the charity. The address of the registered office is given in Ihe charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are holding public meeting for worship. The charity constitutes a public beneff( enlily as defined by FRS 102. 1.1 Accounting convention The financial slalements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 effective from 1 January 2019, the Finanaal 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 Practice as it applies from 1 January 2019. The Charity has tsken advantage of the provisions in the SORP for charities not lo prepare 8 Statement of Cash Flows. 1.2 Going concern The financial slalements are prepared on a going concern basis under the historical Cost convention, modified lo include certain items al fair value. The financial slalemenls are prepared in sterling which is the ftjnctional currency of the charity. 1.3 Charitable funds Unrestricted funds are available for use al the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject lo specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the finanaal slalements. Endowment funds are subject to specific conditions by donors that the capitsl musl be maintained by the Charity. 1.4 Income All incoming resources are included in the Statement of Financial Activities ISOFAI when the charity is legally enlilled lo the income, after any performance conditions have been met. The amount can be measured reliably and il is probable that the income 11 be reived. Donations For donations lo be recognised the charity will have been notified of the amounts and the settlement dale in writing. If there are conditions attached lo the donation which requires a level of performance before enlillement can be obtained then income is deferred until those conditions are fully mel or the fulfilment of those conditions is within the control of the charity and Il is probable that they will be fulfilled. Legaclgs For legacies, entitlement is the eadier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected lo be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed. 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 2024 Accountlng pollcles Icontlnuedl Grants Income from grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amounts can be measured reliably. If enlillement is not mel then these amounts are deferred. Trading Activities Income from trading activities includes income earned from trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is re¢ognised when enlillement has occurred. Investment Income Investment income is eamed through holding assets for investment purposes such as shares and property. 11 indudes dividends, interest and rent. Vvhere il Is not practicable lo identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported nel of these Costs. 11 is induded when the amount can be measured reliably. Inte$1 income is recognised using the effective interest method and dividend and rent income is recognised as the charity's right lo receive payment is established. Income from activities for generating funds Income from activities for generating funds consists of income from sale of work, which is recognised when eamed. 1.5 Expenditure l expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the followng headings.. Cost of raising funds These costs include all expenditure incurred by the charity lo raise funds for its charitsble purposes and indude costs of all fundraising activities events and n0charItsb1e trading. Expenditure on charitable activities These costs include support costs and costs relating to the governance of the charity apportioned lo charitable aclivilies. Grants payable lo third parties are within the charitable objectives. ere unconditional grants are Offed, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient wll re1ve the grants. No amount is included in the financial statements for volunteer lime in line with the SORP IFRS 1021. Further detail is given in the Trustees. Annual Report. 1.6 Tangible fixed assets Tangible Fixed Assets are ststed al historical cost less depreciation. Depreciation is provided using various bases and rates which reflect the anlicipaled useful lives of the various assets and their estimated residual values. Depreciation is charged on the following bases.. Land and buildings Building improvements Freehold land is not depreciated 50 years straight line 10 years slraighl 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 2024 Accountlng pollcles Icontlnuedl 1.7 Flxed asset Investments Investments are recognised inrf(ially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured al fair value with changes recognised in 'nel gainslllossesl on inveslmenls, in the SOFA if the shares are publidy traded or their fair value can otherwise be measured reliably. Other investments are measured al cost less impairment. Investment properties for which fair value can be measured reliably wthout undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in 'net gains I Ilossesl on investments. in the SOFA. Assets not measured al fair value are reviewed for any indication that the asset may be impaired at each balance sheet 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 Impaitmenl loss is recognised in profil or loss unless the asset is carried al a revalued amount where the impairment loss is a revaluation decrease. 1.8 Cash and cash equlvalants Cash and cash equivalents indude cash in hand, deposits held al call wth banks, other short-lerm liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown wthin borrowings in current liabilities. 1.9 Taxation The Charity is an exempl charity wf(hin the meaning of schedule 3 of the Charities Act 2011 and is considered to pass Ihe tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for the UK corporation tax purposes. Crltl¢al accountlng g$tlmat9s and Judggm9nts Eslimales and judgements are continually evaluated and are based on historical experience and other factors, induding expectations of ftjlure events that are believed lo be reasonable under the circumstsnces. Donatlons and legacles Unrestrlcted Restrlcted funds funds Total Unrestricted Restricted ftjnds ftjnds Total 2024 2024 2024 2023 2023 2023 Contributions I Schedules Legacies rèceivable Donated goods and services Collections l Fundraising 183,941 2,072 183,941 2,072 149,595 1,000 149,595 1,000 1.124 3,104 1.124 6,123 2,313 666 2,313 5,492 3,019 4,826 189,032 4,228 193,260 155,421 2,979 158,400 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 2024 Income from charitable activities Unrestrlcted Unrestrlcted funds funds 2024 2023 Other trading activities Charitable rentsl income 174,069 156,058 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Other income 24,292 17,360 Raising funds Unrestricted Unrestricted funds funds 2024 2024 Raising Funds 2,480 6,652 2,480 6,652 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 2024 Expenditure on charitable activities Charitable Charitable expenditure expenditurè 2024 2023 Dlrect costs Staff costs Depreciation and impairment Grants payable Premises costs Libraryloulreach Insurance Other charitable expenditure Legal and professional fees Bad debt expense 83,983 4,229 123,747 133,366 2,740 18,793 22,552 13,528 38,569 62,099 7,374 157,698 127,231 2,806 10.931 11,989 11,904 441,507 392,032 Analysls by fund Unrestricted funds Restricted funds 437,873 3,634 388.940 3,092 441,507 392,032 Net movernent in funds 2024 2023 The nel movement in funds is slated after chargingllcreditingl.. Fees payable for the independent examination of the charity's financial slalements Depreciation of owned tangible fixed assets 8,040 4,229 7,680 7,374 Tru$lee$ The Trustees neither received or waived any remuneration during the year, or had any expenses reimbursed during the year12023' £Nill 10 Employees The average monthly number of employees during the year was". 2024 Number 2023 Number Employees 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 2024 10 Employee$ Icontlnuedl Employment costs 2024 2023 Images and salaries 83,983 62,099 There were no employees whose annual remuneration was more than £60,000. 11 Gains and losses on investments Unrostrlcted R9Strlcted funds funds 2024 2024 Total Unrestrlcted Rgstrlcted funds funds 2023 2023 Total 2024 2023 Gainslllossesl arising on.. Revaluation of investments 18,969 18,969 32,643 15,5351 27,108 12 Taxation The charity is exempt from laxalion on Its activities because all Ils Income is applied for charitable purposes. 13 Tangible fixed assets Building improvements Cost Al 1 January 2024 346,183 Al 31 December 2024 346,183 Depreciation and impainnent Al 1 January 2024 Depreaalion charged in the year 311,269 4,229 Al 31 December 2024 315,498 Carrylng amount At 31 December 2024 30,685 Al 31 December 2023 34,914 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 2024 14 Investment property 2024 Falr value At 1 January 2024 and 31 December 2024 1,380,500 The investments are held primarily to generate an investment return for the charity. 42 Sl Giles was revalued during 2022 and review of the latest available market infomiation suggests no material change in value since. Specialist revaluation will typically occur every five years. 15 Flxed asset Investments other Social investments investments Total Cost or valuation Al 1 January 2024 & 31 December 2024 Valuation changes 480,585 18,970 10,500 491,085 18,970 Carrying amount At 31 December 2024 499,555 10,500 510,055 Al 31 December 2023 480,585 10,500 491,085 16 Dgbtors 2024 2023 Amounts falllng due wlthln on& year: Other debtors 21,104 60,989 17 Credltors: amounts falllng dug wllhln one year 2024 2023 Other creditors 83,749 39,081 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 2024 18 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject 10 Specific conditions by donors as lo how they may be used. At 1 January 2024 Incoming re50urce5 Resources expended Gains and 1055es At31 December 2024 Garden Room Dudderige Sharp Ross Faringdon Abingdon Marfborough Swindon Olheis 49.242 5,100 3,201 428 255 49,497 5,100 3,201 428 190 869 1,366 271 1,467 18891 11,1761 12711 11,2881 1301 644 71 823 41 58,686 4,228 13,6341 59,280 Previous year- At 1 January 2023 Incoming resources Resources expended 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 13,2621 12,2731 100 1,439 363 511 11,5091 13831 11,2201 1,353 71 644 71 64,334 2,979 13,0921 15,5351 58,686 The Evelyn Dudderidge Fund comprises monies provided lo be used for education. The fund is maintsined by the Burford Local meeting. The Sharp l Ross Fund comprises monies provided to be used for peace work studies. The fund is rnainlained 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 2024 19 Unrestricted funds The unrestricted funds of the charty comprise the unexpended balances of donation5 and grants which are not subject to specific conditions by donors and grantor5 as lo how they may be used. These Include designated funds which have been sel aside out of UnstrICted funds by the trustees for specific purposes. At 1 January 2024 Incoming resources Resources expended Transfers Gains and losses At31 December 2024 Unrestricted funds Designated General funds 1,889,887 713,523 35,726 356,321 {35,3101 1405,0431 1,890,303 683,770 18,969 2,603,410 392,047 1440,3531 18,969 2,574,073 Previous year- At 1 January 2023 Incoming Resources resources expended Transfers Gains and losses At31 December 2023 Unrestricted funds Designated General funds 1,922,298 712,820 44.247 286,994 (117,3021 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 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 {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 21 Related party transactions There were no disclosable related party transactions during the year12023 - none). -20-