| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 6 | |
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ||||
| Cash Flow Statement | 10 | |||
| Notes to the Cash Flow | Statement | |||
| Notes to the Financial Statements | 12 | to | 24 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||||
| funds | funds | funds | funds | funds | ||||
| Notes | ||||||||
| INCOME AND | ||||||||
| ENDOWMENTS | FROM | |||||||
| Donations and legacies |
161,704 | 161,704 | 111,970 | |||||
| Other trading activities Investment income |
80,237 6,160 |
1,422 | 80,237 7,582 |
58,645 9,546 |
||||
| Total | 248,101 | 1,422 | 249,523 | 180,161 | ||||
| EXPENDITURE | ON | |||||||
| Raising funds | 1,507 | 1,507 | 9,874 | |||||
| Charitable activities |
||||||||
| Quaker Activities | 176,249 | 1,050 | 177,299 | 180,493 | ||||
| Other | 64 | |||||||
| Total | 177,756 | 1,050 | 178,806 | 190,431 | ||||
| Net gains/(losses) investments |
on | 23,953 | 21,125 | (168) | 44,910 | 42,752 | ||
| NET | ||||||||
| INCOME/(EXPENDITURE) | 94,298 | 21,497 | (168) | 115,627 | 32,482 | |||
| Other recognised | gains/(losses) | |||||||
| Gains on revaluation | offixed | |||||||
| assets | 475,971 | 475,971 | 449,030 | |||||
| Net movement in |
funds | 94,298 | 21,497 | 475,803 | 591,598 | 481,512 | ||
| RECONCILIATION | OF | |||||||
| FUNDS | ||||||||
| Total funds brought | forward | 848,844 | 344,920 | 7,970,636 | 9,164,400 | 8,682,888 | ||
| TOTAL FUNDS | CARRIED | |||||||
| FORWARD | 943,142 | 366,417 | 8,446,439 | 9,755,998 | 9,164,400 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |||
| funds | funds | funds | funds | funds | |||
| Notes | |||||||
| FIXEDASSETS | |||||||
| Tangible assets | 11 | 8,408,772 | 8,408,772 | 7,932,801 | |||
| Investments | 12 | 393,945 | 312,027 | 36,767 | 742,739 | 697,829 | |
| 393,945 | 312,027 | 8,445,539 | 9,151,511 | 8,630,630 | |||
| CURRENT ASSETS | |||||||
| Debtors | 13 | 24,028 | 24,028 | 21,452 | |||
| Cash at bank | 533,137 | 54,390 | 900 | 588,427 | 521,762 | ||
| 557,165 | 54,390 | 900 | 612,455 | 543,214 | |||
| CREDITORS | |||||||
| Amounts falling due within |
one | ||||||
| year | 14 | (7,968) | (7,968) | (9,444) | |||
| NET CURRENT ASSETS | 549,197 | 54,390 | 900 | 604,487 | 533,770 | ||
| TOTAL ASSETSLESS | |||||||
| CURRENT LIABILITIES | 943,142 | 366,417 | 8,446,439 | 9,755,998 | 9,164,400 | ||
| NET ASSETS | 943,142 | 366,417 | 8,446,439 | 9,755,998 | 9,164,400 | ||
| FUNDS | 15 | ||||||
| Unrestricted funds |
943,142 | 848,844 | |||||
| Restricted funds |
366,417 | 344,920 | |||||
| Endowment funds |
8,446,439 | 7,970,636 | |||||
| TOTAL FUNDS | 9,755,998 | 9,164,400 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Notes | ||||
| Cash flows from operating | activities | |||
| Cash generated fiom operations |
59,082 | (25,612) | ||
| Net cash provided by/(used |
in) operating | activities | 59,082 | (25,612) |
| Cash flows from investing | activities | |||
| Purchase offixed asset investments | (264,359) | |||
| Dividends &interest |
7,583 | 9,546 | ||
| Net cash provided by/(used |
in) investing | activities | 7,583 | (254,813) |
| Change in cash and cash the reporting period |
equivalents | in | 66,665 | (280,425) |
| Cash and cash equivalents | at the | |||
| beginning ofthe reporting |
period | 521,762 | 802,187 | |
| Cash and cash equivalents | at the end | of | ||
| the reporting period |
588,427 | 521,762 |
| RECONCILIATION | RECONCILIATION | OF NET INCOME TO NET CASH FLOW FROM | OF NET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | OPERATING ACTIVITIES |
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Net income for the | reporting | period (as per the Statement of Financial | |||
| Activities) | 115,627 | 32,482 | |||
| Adjustments for: |
|||||
| Gain on investments | (44,910) | (42,752) | |||
| Dividends &interest | (7,583) | (9,546) | |||
| Increase in debtors | (2,576) | (1,077) | |||
| Decrease in creditors | (1,476) | (4,719) | |||
| Net cash provided | by/(used | in) operations | 59,082 | (25,612) | |
| ANALYSIS OF CHANGES | IN NET FUNDS | ||||
| At 1.1.21 | Cash flow | At 31 1221 | |||
| Net cash | |||||
| Cash at bank | 521,762 | 66,665 | 588,427 | ||
| 521,762 | 66,665 | 588,427 | |||
| Total | 521,762 | 66,665 | 588,427 |
| 2. | DONATIONS | AND LEGACIES | AND LEGACIES | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Donations | 117,470 | 76,277 | |||
| Legacies Grants |
5,000 39,234 |
35,693 | |||
| 161,704 | 111,970 | ||||
| Grants received, | included | in the above, are as follows: | |||
| 2021 | 2020 | ||||
| Government grants |
39,234 | 35,693 | |||
| 3. | OTHER TRADING ACTIVITIES | ||||
| 2021 | 2020 | ||||
| Hall / room hire ofsurplus | space | 80,237 | 58,645 | ||
| 4. | INVESTMENT INCOME | ||||
| 2021 | 2020 | ||||
| Dividend income |
7,020 | 7,592 | |||
| Bank interest | 562 | 1,954 | |||
| 7,582 | 9,546 |
| 5. | RAISING FUNDS | ||||||
|---|---|---|---|---|---|---|---|
| Raising donations | and legacies | ||||||
| 2021 | 2020 | ||||||
| Quaker activities | 1,507 | 9,874 | |||||
| 6. | CHARITABLE ACTIVITIES COSTS | ||||||
| Grant | |||||||
| funding of | |||||||
| activities | Support | ||||||
| Direct | (see note | costs (see | |||||
| Costs | 7) | note 8) | Totals | ||||
| Quaker Activities | 17,863 | 10,398 | 149,038 | 177,299 | |||
| 7. | GRANTS PAYABLE | ||||||
| 2021 | 2020 | ||||||
| Quaker Activities | 10,398 | 12,659 | |||||
| The total grants paid to institutions | during | the year was as follows: | |||||
| 2021 | 2020 | ||||||
| Britain Yearly Meeting | 200 | ||||||
| Other Quaker Bodies | 2,730 | 6,652 | |||||
| Non-Quaker Bodies |
4,758 | 1,675 | |||||
| 7,688 | 8,327 |
| Governance | ||
|---|---|---|
| Management | costs | Totals |
| 144,838 | 4,200 | 149,038 |
| 10. | STAFF COS | TS | |||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Wages and salaries Social security costs |
92,393 418 |
100,447 2,136 |
|||||
| Other pension | costs | 2,680 | 2,706 | ||||
| 95,491 | 105,289 | ||||||
| The average monthly | number ofemployees | during the year was as follows: | |||||
| 2021 | 2020 | ||||||
| Administration | 8 | 9 | |||||
| No employees | received emoluments | in excess of560,000. | |||||
| 11. | TANGIBLE | FIXED | ASSETS | ||||
| Freehold | |||||||
| property | |||||||
| COST OR VALUATION | |||||||
| At 1st January | 2021 | 7,932,801 | |||||
| Revaluations | 475,971 | ||||||
| At 31st December 2021 | 8,408,772 | ||||||
| NET BOOK | VALUE | ||||||
| At 31st December 2021 | 8,408,772 | ||||||
| At 31st December 2020 | 7,932,801 |
| Cost or valuation at 31st |
D | ecemb | er 2021 is repr | ese | nted |
by: | |||
|---|---|---|---|---|---|---|---|---|---|
| Freehold | |||||||||
| property | |||||||||
| Valuation in 2021 |
8,408,772 | ||||||||
| In line with the Charity's | policy; | fieehold property | is revalued | each year to its insured value. | |||||
| The freehold properties | comprise | the following | Meeting | Houses: | |||||
| Bognor Meeting House | 635,205 | ||||||||
| Brighton Meeting House | 4,654,748 | ||||||||
| Chichester Meeting House |
945,178 | ||||||||
| Ditchling Meeting House |
342,403 | ||||||||
| Littlehampton Meeting House |
806,790 | ||||||||
| Worthing Meeting House |
1,024,448 | ||||||||
| 8,408,772 | |||||||||
| 12. | FIXEDASSET INVESTMENTS | ||||||||
| Listed | |||||||||
| investments | |||||||||
| MARKET VALUE | |||||||||
| At 1st January 2021 Revaluations |
697,829 44,910 |
||||||||
| At 31st December 2021 | 742,739 | ||||||||
| NET BOOK VALUE | |||||||||
| At 31st December 2021 | 742,739 | ||||||||
| At 31st December 2020 | 697,829 | ||||||||
| There were no investment | assets | outside the UK. | |||||||
| Cost or valuation at 31st December 2021 is represented |
by: | ||||||||
| Listed | |||||||||
| investments | |||||||||
| Valuation in 2021 |
742,739 |
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| 2021 | 2020 | |
| Trade debtors | 3,539 | 385 |
| Other debtors | 20,489 | 21,067 |
| 24,028 | 21,452 | |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2021 | 2020 | |
| Other creditors | 7,968 | 9,444 |
| Net | Transfers | ||||||
|---|---|---|---|---|---|---|---|
| movement | between | At | |||||
| At 1.1.21 | in funds | funds | 31.12.21 | ||||
| Unrestricted | funds | ||||||
| General fund Woodbrooke |
(7,804) 971 |
3,737 (200) |
4,067 | 771 | |||
| Property Maintenance Insurance |
436,718 (487) |
21,891 (8,474) |
(656) 8,961 |
457,953 | |||
| Worthing | 207,627 | 4,868 | (3,300) | 209,195 | |||
| Shorcham | 399 | (149) | (250) | ||||
| Brighton Ditchling Chiche ster |
113,785 10,425 48,362 |
54,454 4,992 5,649 |
(8,910) (2,916) 6,235 |
159,329 12,501 60,246 |
|||
| Bognor Regis Littlehampton |
14,175 24,673 |
6,368 1,162 |
(1,126) (2,105) |
19,417 23,730 |
|||
| 848,844 | 94,298 | 943,142 | |||||
| Restricted funds |
|||||||
| Edward Hamper Gwendoline Barker Trust |
4, 152 340,768 |
647 20,850 |
4,799 361,618 |
||||
| 344,920 | 21,497 | 366,417 | |||||
| Endowment | funds | ||||||
| Area Meeting Property Edward Hamper Capital |
Fund | 7,933,701 36,935 |
475,971 (168) |
8,409,672 36,767 |
|||
| 7,970,636 | 475,803 | 8,446,439 | |||||
| TOTAL FUNDS | 9,164,400 | 591,598 | 9,755,998 |
| Net movement in funds, included in the |
above are as follows: | |||
|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |
| resources | expended | losses | in funds | |
| Unrestricted funds |
||||
| General fund | 11,608 | (7,871) | 3,737 | |
| Woodbrooke | (200) | (200) | ||
| Property Maintenance Insurance Worthing Shorcham |
(I) 33,457 616 |
(1,335) (8,473) (28,589) (765) |
23,226 | 21,891 (8,474) 4,868 (149) |
| Brighton Ditchling Chiche ster |
151,847 7,245 16,471 |
(98,120) (2,253) (10,822) |
727 | 54,454 4,992 5,649 |
| Bognor Regis Littlehampton |
10,858 16,000 |
(4,490) (14,838) |
6,368 1,162 |
|
| 248,101 | (177,756) | 23,953 | 94,298 | |
| Restricted funds |
||||
| Edward Hamper Gwendoline Barker Trust |
1,037 385 |
(390) (660) |
21,125 | 647 20,850 |
| 1,422 | (1,050) | 21,125 | 21,497 | |
| Endowment funds |
||||
| Area Meeting Property Fund Edward Hamper Capital |
475,971 (168) |
475,971 (168) |
||
| 475,803 | 475,803 | |||
| TOTAL FUNDS | 249,523 | (178806) | 520 881 | 591,598 |
| Comparatives | fo | r movement in funds |
||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.1.20 | in funds | funds | 31.12.20 | |||
| Unrestricted | funds | |||||
| General fund | (14,637) | (688) | 7,521 | (7,804) | ||
| Woodbrooke | 1,171 | (200) | 971 | |||
| Property Maintenance Insurance |
402,575 (1,727) |
17,203 (6,944) |
16,940 8,184 |
436,718 (487) |
||
| Worthing Shorcham |
226,856 631 |
(15,729) 35 |
(3,500) (267) |
207,627 399 |
||
| Brighton Ditchling Chiche ster |
144,167 10,170 48,073 |
(21,438) 3,315 7,439 |
(8,944) (3,060) (7,150) |
113,785 10,425 48,362 |
||
| Bognor Regis Littlehampton |
11,695 15,356 |
2,299 19,222 |
181 (9,905) |
14,175 24,673 |
||
| 844,330 | 4,514 | 848,844 | ||||
| Restricted funds |
||||||
| Edward Hamper Gwendoline Barker Trust |
2,295 314,359 |
1,857 26,409 |
4, 152 340,768 |
|||
| 316,654 | 28,266 | 344,920 | ||||
| Endowment | funds | |||||
| Area Meeting Property Fund Edward Hamper Capital |
7,484,671 37,233 |
449,030 (298) |
7,933,701 36,935 |
|||
| 7,521,904 | 448,732 | 7,970,636 | ||||
| TOTAL FUNDS | 8,682,888 | 481,512 | 9,164,400 |
| Incoming | Resources | Gains and | Movement | ||||
|---|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||||
| Unrestricted | funds | ||||||
| General fund | 6,611 | (7,299) | (688) | ||||
| Woodbrooke | (200) | (200) | |||||
| Property Maintenance Insurance |
(220) (6,944) |
17,423 | 17,203 (6,944) |
||||
| Worthing | 17,338 | (33,067) | (15,729) | ||||
| Shoreham | 820 | (785) | 35 | ||||
| Brighton Ditchling Chiche ster |
91,172 5,733 17,363 |
(111,694) (2,418) (9,924) |
(916) | (21,438) 3,315 7,439 |
|||
| Bognor Regis Littlehampton |
6,940 31,652 |
(4,641) (12,430) |
2,299 19,222 |
||||
| 177,629 | (189,622) | 16,507 | 4,514 | ||||
| Restricted funds |
|||||||
| Edward Hamper Gwendoline Barker Trust |
2,257 275 |
(400) (409) |
26,543 | 1,857 26,409 |
|||
| 2,532 | (809) | 26,543 | 28,266 | ||||
| Endowment | funds | ||||||
| Area Meeting | Property | Fund | 449,030 | 449,030 | |||
| Edward Hamper | Capital | (298) | (298) | ||||
| 448,732 | 448,732 | ||||||
| TOTAL FUNDS | 180,161 | (190,431) | 491,782 | 481,512 |
| Net | Transfers | ||||||
|---|---|---|---|---|---|---|---|
| movement | between | At | |||||
| At 1.1.20 | in finds | funds | 31.12.21 | ||||
| Unrestricted | funds | ||||||
| General fund | (14,637) | 3,049 | 11,588 | ||||
| Woodbrooke | 1,171 | (400) | 771 | ||||
| Property Maintenance |
402,575 | 39,094 | 16,284 | 457,953 | |||
| Insurance Worthing |
(1,727) 226,856 |
(15,418) (10,861) |
17,145 (6,800) |
209,195 | |||
| Shoreham | 631 | (114) | (517) | ||||
| Brighton Ditch ling Chiche ster |
144,167 10,170 48,073 |
33,016 8,307 13,088 |
(17,854) (5,976) (915) |
159,329 12,501 60,246 |
|||
| Bognor Regis Littlehampton |
11,695 15,356 |
8,667 20,384 |
(945) (12,010) |
19,417 23,730 |
|||
| 844,330 | 98,812 | 943,142 | |||||
| Restricted funds | |||||||
| Edward Hamper Gwendoline Barker Trust |
2,295 314,359 |
2,504 47,259 |
4,799 361,618 |
||||
| 316,654 | 49,763 | 366,417 | |||||
| Endowment | funds | ||||||
| Area Meeting Property Edward Hamper Capital |
Fund | 7,484,671 37,233 |
925,001 (466) |
8,409,672 36,767 |
|||
| 7,521,904 | 924,535 | 8,446,439 | |||||
| TOTAL FUNDS | 8,682,888 | 1,073,110 | 9,755,998 |
| A current year 12 month as follows: |
s and prior year |
12 months combined ne |
t movement in f |
unds, included i |
n the above a |
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| Unrestricted funds |
|||||
| General fund |
18,219 | (15,170) | 3,049 | ||
| Woodbrooke | (400) | (400) | |||
| Property Maintenance Insurance Worthing Shoreham |
(I) 50,795 1,436 |
(1,555) (15,417) (61,656) (1,550) |
40,649 | 39,094 (15,418) (10,861) (114) |
|
| Brighton Ditchling Chiche ster |
243,019 12,978 33,834 |
(209,814) (4,671) (20,746) |
(189) | 33,016 8,307 13,088 |
|
| Bognor Regis Littlehampton |
17,798 47,652 |
(9,131) (27,268) |
8,667 20,384 |
||
| 425,730 | (367,378) | 40,460 | 98,812 | ||
| Restricted funds |
|||||
| EdwardHamper Gwendoline Barker Trust |
3,294 660 |
(790) (1,069) |
47,668 | 2,504 47,259 |
|
| 3,954 | (1,859) | 47,668 | 49,763 | ||
| Endowment funds |
|||||
| Area Meeting Property Edward Hamper Capital |
Fund | 925,001 (466) |
925,001 (466) |
||
| 924,535 | 924,535 | ||||
| TOTAL FUNDS | 429,684 | (369,237) | 1,012,663 | 1,073,110 |
| The funds rec | eived as agent were: | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Britain Yearly Meetings | 2,944 | 4,288 | |
| Other Quaker | Bodies | ||
| Non-Quaker | Bodies | 2,320 | 3,458 |
| 5,264 | 13,980 |