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||||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|
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||||||||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|
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|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|
##
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##
|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|
##
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##
|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|
##
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|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|