Company registration number 06947462 (England and Wales) Charity registration number 1137897 (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 2025
OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees H March A Pearmain K Nicholas T Massey K Harris G Green S White Charity number 1137897 Company number 06947462 Principal (and Registered Office 43 St Giles Oxford OX1 3LW Independent examiner Gravita Audit Oxford LLP Park Central 40-41 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 | 1 - 4 |
| Statement of Trustees' responsibilities | 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 - 8 |
| Balance sheet | 9 - 10 |
| Notes to the financial statements | 11 - 21 |
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 2025
The Trustees present their annual report and financial statements for the year ended 31 December 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with 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: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
Objectives and activities
The objects of the Charity (the “Objects”) 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.
Our aims are to hold public Meetings for Worship on at least a weekly basis at each of our Local Meetings, to support our members and attenders in their spiritual life, to carry out outreach work and other charitable work arising from our testimonies.
Public benefit statement
The Trustees have considered the Charity Commission guidance on public benefit and believe that the charities' objectives are for the benefit of the public.
Achievements and performance
Our members and attenders continue to take national roles in Britian Yearly Meeting and Regional Meeting in addition to their work within the Area Meeting. We organise public meetings in topics that align with our core values and make our meeting house spaces available to organisations that are also in keeping with our values.
We have undertaken outreach work and charitable work. We continue to repair and improve our meeting houses, with particular regard to sustainability.
Membership
At the end of 2025 Oxford and Swindon Area Quaker Meeting had 354 (351) Members and 241 (197) Attenders. The figures in brackets refer to those numbers at the end of 2024. An Attender is anyone who regularly attends Meeting for Worship but is not in Membership.
Our local meetings and area meeting
Public meetings for worship are held on Sundays by the constituent Local 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, at St Ethelwolds House, Abingdon and Swindon Meeting House. The Local Meetings continue to make arrangements for the pastoral care and for the spiritual life of their members and attenders.
The Area Meeting, which can be attended by all members of the area meeting, meets six times a year and is our decision-making body. Decisions are made in accordance with our historical practice as described in Quaker Faith and Practice: the book of Christian discipline of the Religious Society of Friends (Quakers).
A Children’s, Youth and Family Development Worker (CYFDW), works 50% of her time in OSAM and is 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.
Principal funding sources
Our funding principally comes from contributions from our members and attenders, together with the rent from letting our investment property.
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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 2025
Financial review
The financial statements of the charity for the year ended 31st December 2025 include the income and expenditure, as well as the assets and liabilities, of the Area Meeting and all its constituent local meetings.
The charity had an operational deficit of £36,463 (2024: £47,712) during the year ended 31st December 2025. The charity had an investment gain of £43,185 (2024: £18,969) during the year ended 31st December 2025. We hope that the operational deficit can be reduced further in 2026, but it is manageable from our reserves.
The total funds of the Charity at 31 December 2025 were £2,640,080 (2024: £2,633,358).
Our reserves have been spread to reduce risk and trustees continue to review deposit accounts which are ethical but with the prevailing very low interest rates they can hardly be said to give a satisfactory rate of return. One of our investments was in a fund that decided to close during the year and we have put the proceeds in our deposit account until we decide on a new investment. We are currently reviewing our investment policy.
Risk management
The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
We have a safeguarding policy and procedures, which we review, and one trustee has a specific safeguarding responsibility. No significant safeguarding event occurred during 2025. Trustees have undergone safeguarding training and been DBS checked.
Reserves policy
Each Local Meeting is required to hold enough reserves to fund six months activities. In addition, each Local Meeting that owns a meeting house must 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 charity as a whole has unrestricted and undesignated reserves of £704,399, which is sufficient to support activities for a significant period.
The Trustees are aware of their duty to 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
We had been asked by Banbury and Evesham Area Meeting to consider the transfer of the three Local Meetings in Oxfordshire that are part of their area meeting to OSAM. It proved difficult to do due diligence on this request with our limited managerial resources and it is now probable that the meetings will transfer to another Area Meeting that has more management resources.
We do not expect that we will make any significant change in our operations in 2026.
A number of Area Meetings in different parts of the UK have merged, partly due to the problems of finding enough people with sufficient time to take on trustee and other roles within the Area Meetings. We may need to explore possible mergers in the future.
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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 2025
Structure, governance and management
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. The charitable company is governed by its Memorandum and Articles of Association. The Charity was incorporated as a company on June 29th 2009 (registered company number 06947462) and registered by the Charity Commission on September 23rd 2010 (charity number 1137897). Prior to registration with the Charity Commission, the charity held excepted charity status.
Day to day administration of the charity is delegated to the Local Meetings under the supervision of the Board of Trustees. Decision-making powers are retained by the Trustees and exercised at their regular meetings.
Quakers have no paid ministry, so the work and administration of both the Area meeting and its constituent local meetings is mostly carried out by volunteers.
The trustee directors set out below held office during the whole of the period except where otherwise stated. The company has no share capital and the directors have no interests in it.
J Barraclough (Resigned 5 July 2025) K Gee (Resigned 11 January 2025) J Harland (Resigned 11 January 2025) H March A Pearmain T Pollard (Resigned 30 March 2025) K Nicholas T Massey (Appointed 11 January 2025) K Harris (Appointed 11 January 2025) G Green (Appointed 11 January 2025) S White (Appointed 15 October 2025)
Recruitment and appointment of trustees
The Board consists of no fewer than five and no more than fifteen persons appointed by the members of the Charity. The Trustees are appointed from Friends nominated by the Area Meeting Nominations Committee. 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 of the members.
Particular emphasis is placed upon the appointment of Trustees with knowledge and experience relevant to the charitable company’s activities. Before appointment, proposed new trustees are asked to read induction materials which include a trustee job description, background information on the charity, and an overview of their responsibilities under the Companies and Charities Acts.
Although we have more than the minimum number of trustees required in our constitution, we continue to struggle to recruit more trustees so that the work can be better divided.
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OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustee$. rt was approved by the Board of Trustees. A Pearma Trust•• 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 2025
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 statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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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 statements of Oxford and Swindon Area Quaker Meeting of the Religious Society of Friends (Quakers) In Britain (the Charity) for the year ended 31 December 2025.
Responsibilities and basis of report
As the Trustees of the Charity (and also its directors for the purposes of company law), 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 financial 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 carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
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. I confirm that I 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 to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the Charity as required by section 386 of the Companies Act 2006.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
Gary Pready FCA Gravita Audit Oxford LLP Park Central 40-41 Park End Street Oxford OX1 1JD Date: ............................28 July 2026
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OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
| Unrestricted Restricted Endowment funds funds funds 2025 2025 2025 Notes £ £ £ Income and endowments from: Donations and legacies 3 156,115 5,035 - Charitable activities 4 180,331 - - Investments 5 24,910 - - Other income 3,617 53 - Total income 364,973 5,088 - Expenditure on: Raising funds 6 3,831 - - Charitable activities 7 397,334 5,359 - Total expenditure 401,165 5,359 - Net gains/(losses) on investments 11 43,185 - - Net income/(expenditure) and movement in funds 6,993 (271) - Reconciliation of funds: Fund balances at 1 January 2025 2,574,073 59,280 5 Fund balances at 31 December 2025 2,581,066 59,009 5 |
Total Unrestricted Restricted Endowment funds funds funds 2025 2024 2024 2024 £ £ £ £ 161,150 189,032 4,228 - 180,331 174,069 - - 24,910 24,292 - - 3,670 4,654 - - 370,061 392,047 4,228 - 3,831 2,480 - - 402,693 437,873 3,634 - 406,524 440,353 3,634 - 43,185 18,969 - - 6,722 (29,337) 594 - 2,633,358 2,603,410 58,686 5 2,640,080 2,574,073 59,280 5 |
Total 2024 £ 193,260 174,069 24,292 4,654 396,275 2,480 441,507 443,987 18,969 (28,743) 2,662,101 2,633,358 |
|---|---|---|
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OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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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 2025
| Notes Fixed assets Tangible assets 13 Investment properties 14 Investments 15 Current assets Debtors 16 Cash at bank and in hand Creditors: amounts falling due within one year 17 Net current assets Total assets less current liabilities Capital funds Endowment funds - general Income funds Restricted funds 18 Unrestricted funds Designated funds 19 General unrestricted funds |
2025 £ £ 26,456 1,380,500 451,553 1,858,509 58,928 801,966 860,894 (79,323) 781,571 2,640,080 5 59,009 1,876,667 704,399 2,581,066 2,640,080 |
2024 £ £ 30,685 1,380,500 510,055 1,921,240 21,104 774,763 795,867 (83,749) 712,118 2,633,358 5 59,280 1,890,303 683,770 2,574,073 2,633,358 |
2024 £ £ 30,685 1,380,500 510,055 1,921,240 21,104 774,763 795,867 (83,749) 712,118 2,633,358 5 59,280 1,890,303 683,770 2,574,073 2,633,358 |
|---|---|---|---|
| 1,921,240 712,118 |
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| 2,633,358 | |||
| 5 59,280 2,574,073 |
|||
| 2,633,358 |
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OXFORD AND SWINDON AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN BALANCE SHEET (CONTINUED) AS AT31 DECEMBER 2025 The MpanY is enlilled lo the exemption from the aud fequirement contsined in 8ection 477 of the Companies Act 20c, for the yoar ended 31 Decembef 2025. The directors acknowledge their Twonsibilrtles for tsjmptying with the requlrements of tha Companies Acl 2006 with resp9cI lo accounting records and th& preparallon of financial slatomgnts. The members have not requirwj the company to otrfain an aud6t of Its financial statements for the year in quèstion in accordance wtth seclion 476. The8e fin8nrAal Statements have beèn prepared in accordanco wlth t proMslon8 8pplicable to MpanIeS subject lo the small companies rogimg. The financial statèmènts were approved by the Trustees on .. A PeaTmain Thistse Company regi*tration numb•r 06947462 10-
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 2025
1 Accounting policies
Charity information
Oxford and Swindon Area Quaker Meeting of the Religious Society of Friends (Quakers) in Britain is a charitable company in the United Kingdom. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the 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 benefit entity as defined by FRS 102.
1.1 Accounting convention
The financial statements have been prepared in accordance with 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 Ireland (FRS 102) effective from 1 January 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2019.
The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
1.2 Going concern
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity.
1.3 Charitable funds
- Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to 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 financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
1.4 Income
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income, after any performance conditions have been met. The amount can be measured reliably and it is probable that the income will be received.
Donations
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation which requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
Legacies
For legacies, entitlement is the earlier 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 to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.
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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 2025
1 Accounting policies
(Continued)
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 entitlement is not met 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 recognised when entitlement has occurred.
Investment Income
Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity’s right to 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 earned.
1.5 Expenditure
All 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 following headings:
Cost of raising funds
These costs include all expenditure incurred by the charity to raise funds for its charitable purposes and include costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities
These costs include support costs and costs relating to the governance of the charity apportioned to charitable activities.
Grants payable to third parties are within the charitable objectives. 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 included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees' Annual Report.
1.6 Tangible fixed assets
Tangible Fixed Assets are stated at historical cost less depreciation. Depreciation is provided using various bases and rates which reflect the anticipated useful lives of the various assets and their estimated residual values. Depreciation is charged on the following bases:
Land and buildings 50 years straight line Building improvements 10 years straight line Freehold land is not depreciated
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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 2025
1 Accounting policies
(Continued)
1.7 Fixed asset investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in 'net gains/(losses) on investments' 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 impairment.
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in 'net gains / (losses) on investments' in the SoFA.
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Taxation
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the 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.
2 Critical accounting estimates and judgements
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
3 Donations and legacies
| Unrestricted Restricted funds funds 2025 2025 £ £ Contributions / Schedules 153,211 - Legacies receivable - - Donated goods and services - 4,014 Collections / Fundraising 2,904 1,021 156,115 5,035 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 153,211 183,941 - - 2,072 - 4,014 - 1,124 3,925 3,019 3,104 161,150 189,032 4,228 |
Total 2024 £ 183,941 2,072 1,124 6,123 |
|---|---|---|
| 193,260 |
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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 2025
| 4 | Income from charitable activities | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Other trading activities | |||
| Charitable rental income | 180,331 | 174,069 | |
| 5 | Income from investments | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Other income | 24,910 | 24,292 | |
| 6 | Raising funds | ||
| **Unrestricted ** | Unrestricted | ||
| funds | funds | ||
| 2025 | 2025 | ||
| £ | £ | ||
| Raising Funds | 3,831 | 2,480 | |
| 3,831 | 2,480 |
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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 2025
7 Expenditure on charitable activities
| Charitable | Charitable | ||
|---|---|---|---|
| expenditure | expenditure | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Direct costs | |||
| Staff costs | 90,568 | 83,983 | |
| Depreciation and impairment | 4,229 | 4,229 | |
| Grants payable | 105,888 | 123,747 | |
| Premises costs | 162,728 | 133,366 | |
| Library/Outreach | 2,357 | 2,740 | |
| Insurance | 9,262 | 18,793 | |
| Other charitable expenditure | 15,477 | 22,552 | |
| Legal and professional fees | 12,184 | 13,528 | |
| Bad debt expense | - | 38,569 | |
| 402,693 | 441,507 | ||
| Analysis by fund | |||
| Unrestricted funds | 397,334 | 437,873 | |
| Restricted funds | 5,359 | 3,634 | |
| 402,693 | 441,507 | ||
| 8 | Net movement in funds | 2025 | 2024 |
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Fees payable for the independent examination of the charity's financial | |||
| statements | 8,040 | 7,680 | |
| Depreciation of owned tangible fixed assets | 4,229 | 4,229 |
9 Trustees
The Trustees neither received or waived any remuneration during the year, or had any expenses reimbursed during the year (2024: £Nil) 10 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Employees | 5 | 5 |
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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 2025
| 10 | Employees | (Continued) | |
|---|---|---|---|
| Employment costs | 2025 | 2024 | |
| £ | £ | ||
| Wages and salaries | 90,568 | 83,983 |
There were no employees whose annual remuneration was more than £60,000.
11 Gains and losses on investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| Gains/(losses) arising on: | £ | £ |
| Revaluation of investments | 41,998 | 18,969 |
| Sale of investments | 1,187 | - |
| 43,185 | 18,969 |
12 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
13 Tangible fixed assets
| Tangible fixed assets | |
|---|---|
| Building | |
| improvements | |
| £ | |
| Cost | |
| At 1 January 2025 | 346,183 |
| At 31 December 2025 | 346,183 |
| Depreciation and impairment | |
| At 1 January 2025 | 315,498 |
| Depreciation charged in the year | 4,229 |
| At 31 December 2025 | 319,727 |
| Carrying amount | |
| At 31 December 2025 | 26,456 |
| At 31 December 2024 | 30,685 |
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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 2025
14 Investment property
| Investment property | |
|---|---|
| 2025 | |
| £ | |
| Fair value | |
| At 1 January 2025 and 31 December 2025 | 1,380,500 |
The investments are held primarily to generate an investment return for the charity. 42 St Giles was revalued during 2022 and review of the latest available market information suggests no material change in value since. Specialist revaluation will typically occur every five years.
15 Fixed asset investments
| Other Investments Social Investments £ £ Cost or valuation At 1 January 2025 499,555 10,500 Valuation changes 43,088 - Disposals (101,590) - At 31 December 2025 441,053 10,500 Carrying amount At 31 December 2025 441,053 10,500 At 31 December 2024 499,555 10,500 16 Debtors 2025 Amounts falling due within one year: £ Other debtors 58,928 17 Creditors: amounts falling due within one year 2025 £ Other creditors 79,323 |
Total £ 510,055 43,088 (101,590) |
|---|---|
| 451,553 | |
| 451,553 | |
| 510,055 | |
| 2024 £ 21,104 |
|
| 2024 £ 83,749 |
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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 2025
18 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At | 1 January | Incoming | Resources | At 31 | |
|---|---|---|---|---|---|
| 2025 | resources | expended | December | ||
| 2025 | |||||
| £ | £ | £ | £ | ||
| Garden Room | 49,497 | 53 | - | 49,550 | |
| Dudderige | 5,100 | - | - | 5,100 | |
| Sharp Ross | 3,201 | - | - | 3,201 | |
| Faringdon | 428 | 1,021 | (1,021) | 428 | |
| Abingdon | 190 | 1,996 | (2,186) | - | |
| Marlborough | - | 635 | (635) | - | |
| Swindon | 823 | 1,383 | (1,517) | 689 | |
| Others | 41 | - | - | 41 | |
| 59,280 | 5,088 | (5,359) | 59,009 | ||
| Previous year: | At | 1 January | Incoming | Resources | At 31 |
| 2024 | resources | expended | December | ||
| 2024 | |||||
| £ | £ | £ | £ | ||
| Garden Room | 49,242 | 255 | - | 49,497 | |
| Dudderige | 5,100 | - | - | 5,100 | |
| Sharp Ross | 3,201 | - | - | 3,201 | |
| Faringdon | 428 | 869 | (869) | 428 | |
| Abingdon | - | 1,366 | (1,176) | 190 | |
| Marlborough | - | 271 | (271) | - | |
| Swindon | 644 | 1,467 | (1,288) | 823 | |
| Others | 71 | - | (30) | 41 | |
| 58,686 | 4,228 | (3,634) | 59,280 |
The Evelyn Dudderidge Fund comprises monies provided to be used for education. The fund is maintained by the Burford Local meeting.
The Sharp / Ross Fund comprises monies provided to be used for peace work studies. The fund is maintained by Burford Local meeting.
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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 2025
19 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At Unrestricted funds Designated General funds Previous year: At Unrestricted funds Designated General funds |
1 January 2025 Incoming resources Resources expended Gains and losses At 31 December 2025 £ £ £ £ £ 1,890,303 24,413 (38,049) - 1,876,667 683,770 340,560 (363,116) 43,185 704,399 2,574,073 364,973 (401,165) 43,185 2,581,066 1 January 2024 Incoming resources Resources expended Gains and losses At 31 December 2024 £ £ £ £ £ 1,889,887 35,726 (35,310) - 1,890,303 713,523 356,321 (405,043) 18,969 683,770 2,603,410 392,047 (440,353) 18,969 2,574,073 |
|---|---|
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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 2025
| 20 Analysis of net assets between funds Unrestricted funds Designated funds Restricted funds Endowment funds 2025 2025 2025 2025 £ £ £ £ Fund balances at 31 December 2025 are represented by: Tangible assets - 26,456 - - Investment properties - 1,380,500 - - Investments 283,867 159,385 8,301 - Current assets/(liabilities) 420,532 310,326 50,708 5 704,399 1,876,667 59,009 5 |
Total Unrestricted funds Designated funds 2025 2024 2024 £ £ £ 26,456 - 30,685 1,380,500 - 1,380,500 451,553 342,369 159,385 781,571 341,401 319,733 2,640,080 683,770 1,890,303 |
Restricted funds Endowment funds 2024 2024 £ £ - - - - 8,301 - 50,979 5 59,280 5 |
Total 2024 £ 30,685 1,380,500 510,055 712,118 |
|---|---|---|---|
| 2,633,358 |
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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 2025
21 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
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