| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 7 | |
| Independent Examiner's |
Report | |||
| Statement ofFinancial Activities |
||||
| Balance Sheet | 10 | |||
| Cash Flow Statement | ||||
| Notes to the Cash Flow | Statement | 12 | ||
| Notes to the Financial Statements | 13 | to | 24 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |||||
| funds | funds | funds | funds | funds | |||||
| Notes | |||||||||
| INCOME AND | |||||||||
| ENDOWMENTS | FROM | ||||||||
| Donations and legacies |
90,827 | 90,827 | 161,704 | ||||||
| Other trading activities | 136,285 | 136,285 | 80,237 | ||||||
| Investment income |
2,975 | 1,571 | 4,546 | 7,582 | |||||
| Total | 230,087 | 1,571 | 231,658 | 249,523 | |||||
| EXPENDITURE | ON | ||||||||
| Raising funds | 9,197 | 9,197 | 1,507 | ||||||
| Charitable activities |
|||||||||
| Quaker Activities | 233,278 | 4,265 | 237,543 | 177,299 | |||||
| Total | 242,475 | 4,265 | 246,740 | 178,806 | |||||
| Net gains/(losses) | on | ||||||||
| investments | (68,081) | (50,793) | (6,940) | (125,814) | 44,910 | ||||
| NET | |||||||||
| INCOME/(EXPENDITURE) | (80,469) | (53,487) | (6,940) | (140,896) | 115,627 | ||||
| Other recognised | gains/(losses) | ||||||||
| Gains on revaluation | offixed | ||||||||
| assets | 672,705 | 672,705 | 475,971 | ||||||
| Net movement in |
funds | (80,469) | (53,487) | 665,765 | 531,809 | 591,598 | |||
| RECONCILIATION | OF | ||||||||
| FUNDS | |||||||||
| Total funds brought | forward | 943,142 | 366,417 | 8,446,439 | 9,755,998 | 9,164,400 | |||
| TOTAL FUNDS | CARRIED | ||||||||
| FORWARD | 862,673 | 312,930 | 9,112,204 | 10,287,807 | 9,755,998 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | funds | funds | funds | funds | ||
| Notes | ||||||
| FIXEDASSETS | ||||||
| Tangible assets Investments |
11 12 |
337,339 | 261,234 | 9,081,477 29,827 |
9,081,477 628,400 |
8,408,772 742,739 |
| 337,339 | 261,234 | 9,111,304 | 9,709,877 | 9,151,511 | ||
| CURRENT ASSETS | ||||||
| Debtors Cash at bank |
13 | 33,358 502,003 |
51,696 | 900 | 33,358 554,599 |
24,028 588,427 |
| 535,361 | 51,696 | 900 | 587,957 | 612,455 | ||
| CREDITORS | ||||||
| Amounts falling due within one |
||||||
| year | 14 | (10,027) | (10,027) | (7,968) | ||
| NKT CURRENT ASSETS | 525,334 | 51,696 | 577,930 | 604,487 | ||
| TOTAL ASSETSLESS | ||||||
| CURRENT LIABILITIES | 862,673 | 312,930 | 9,112,204 | 10,287,807 | 9,755,998 | |
| NET ASSETS | 862,673 | 312,930 | 9,112,204 | 10,287,807 | 9,755,998 | |
| FUNDS | 15 | |||||
| Unrestricted funds Restricted funds Endowment funds |
862,673 312,930 9,112,204 |
943,142 366,417 8,446,439 |
||||
| TOTAL FUNDS | 10,287,807 | 9,755,998 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | ||||
| Cash flows from operating | activities | |||
| Cash generated from operations |
(26,899) | 59,082 | ||
| Net cash (used in)/provided | by operating | activities | (26,899) | 59,082 |
| Cash flows from investing | activities | |||
| Purchase offixed asset investments Dividends 4 interest |
(11,475 ) 4,546 |
7,583 | ||
| Net cash (used in)/provided | by investing | activities | (6,929) | 7,583 |
| Change in cash and cash equivalents | in | |||
| the reporting period |
(33,828 ) | 66,665 | ||
| Cash and cash equivalents | at the | |||
| beginning ofthe reporting |
period | 588,427 | 521,762 | |
| Cash and cash equivalents | at the end | of | ||
| the reporting period |
554,599 | 588,427 |
| OPERATING ACTIVITI | ES | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Net (expenditure)/income | for the reporting | period (as per the | ||
| Statement ofFinancial Activities) | (140,896) | 115,627 | ||
| Adjustments for: |
||||
| Losses/(gain) on investments |
125,814 | (44,910) | ||
| Dividends 6c interest |
(4,546) | (7,583) | ||
| Increase in debtors | (9,330) | (2,576) | ||
| Increase/(decrease) in creditors |
2,059 | (1,476) | ||
| Net cash (used in)/provided | by operations | (26,899) | 59,082 |
| ANALYSIS OF CHANGES IN NET F | UNDS | ||
|---|---|---|---|
| At 1.1.22 | Cash flow | At 31.12.22 | |
| Net cash | |||
| Cash at bank | 588,427 | (33,828 ) | 554,599 |
| 588,427 | (33,828) | 554,599 | |
| Total | 588,427 | (33,828) | 554,599 |
| 2. | DONATIONS AND LE |
GACIES | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Donations Legacies Grants |
90,827 | 117,470 5,000 39,234 |
||
| 90,827 | 161,704 | |||
| Grants received, included | in the above, are as follows: | |||
| 2022 | 2021 | |||
| Government grants |
39,234 | |||
| 3. | OTHER TRADING ACTIVITIES | |||
| 2022 | 2021 | |||
| Hall / room hire ofsurplus | space | 136,285 | 80,237 | |
| 4. | INVESTMENT INCOIVIE | |||
| 2022 | 2021 | |||
| Dividend income Bank interest |
3,267 1,279 |
7,020 562 |
||
| 4,546 | 7,582 |
| Raising donations | and legacies | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Quaker activities | 9,197 | 1,507 | ||||
| 6. | CHARITABLE ACTIVITIES COSTS | |||||
| Grant | ||||||
| funding of | ||||||
| activities | Support | |||||
| Direct | (see note | costs (see | ||||
| Costs | 7) | note 8) | Totals | |||
| Quaker Activities | 18,735 | 15,589 | 203,219 | 237,543 | ||
| 7. | GRANTS PAYABLE | |||||
| 2022 | 2021 | |||||
| Quaker Activities | 15,589 | 10,398 | ||||
| The total grants paid to institutions | during the year was as follows: | |||||
| 2022 | 2021 | |||||
| Britain Yearly Meeting | 473 | 200 | ||||
| Other Quaker Bodies | 3,906 | 2,730 | ||||
| Non-Quaker Bodies |
5,006 | 4,758 | ||||
| 9,385 | 7,688 |
| SUPPO | RT COSTS | |||
|---|---|---|---|---|
| Governance | ||||
| Management | costs | Totals | ||
| Quaker | Activities | 197,939 | 5,280 | 203,219 |
| 10. | STAFF COSTS | ||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Wages and salaries | 96,009 | 92,393 | |||||
| Social security costs | 932 | 418 | |||||
| Other pension costs | 2,769 | 2,680 | |||||
| 99,710 | 95,491 | ||||||
| The average monthly number ofemployees |
during | the | year was as follows: | ||||
| 2022 | 2021 | ||||||
| Administration | 8 | 8 | |||||
| No employees received emoluments |
in excess off60,000. | ||||||
| 11. | TANGIBLE FIXEDASSETS | ||||||
| Freehold | |||||||
| property | |||||||
| COST OR VALUATION | |||||||
| At 1st January 2022 | 8,408,772 | ||||||
| Revaluations | 672,705 | ||||||
| At 31stDecember 2022 | 9,081,477 | ||||||
| NET BOOKVALUE | |||||||
| At 31stDecember 2022 | 9,081,477 | ||||||
| At 31stDecember 2021 | 8,408,772 | ||||||
| Cost or valuation at 31stDecember |
2022 is | represented | by: | ||||
| Freehold | |||||||
| property | |||||||
| Valuation in 2022 |
9,081,477 |
| Bognor Meeting House | 686,022 | |||
|---|---|---|---|---|
| Brighton Meeting House | 5,027,128 | |||
| Chichester Meeting House | 1,020,793 | |||
| Ditchling Meeting House |
369,796 | |||
| Littlehampton Meeting House |
871,334 | |||
| Worthing Meeting House |
1,106,404 | |||
| 9,081,477 | ||||
| 12. | FIXEDASSETINVESTMENTS | |||
| Listed | ||||
| investments | ||||
| MARKET VALUE | ||||
| At 1st January 2022 | 742,739 | |||
| Additions | 11,475 | |||
| Revaluations | (125,814) | |||
| At 31stDecember 2022 | 628,400 | |||
| NET BOOKVALUE | ||||
| At 31stDecember 2022 | 628,400 | |||
| At 31stDecember 2021 | 742,739 | |||
| There were no investment | assets outside the UK. | |||
| Cost or valuation at 31stDecember 2022 is represented |
by: |
| Listed | |
|---|---|
| investments | |
| Valuation in 2022 |
628,400 |
| HISTORICAL COST | |
| At 31stDecember 2022 | 616,920 |
| At 31stDecember 2021 | 605,445 |
| DEBTORS: | AM | OUNT | S FALLING | DUE WITHIN ONE Y | EAR | ||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Trade debtors | 5,452 | 3,539 | |||||
| Other debtors | 27,906 | 20,489 | |||||
| 33,358 | 24,028 | ||||||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||||||
| 2022 | 2021 | ||||||
| Other creditors | 10,027 | 7,968 | |||||
| MOVEIVIENT IN FUNDS | |||||||
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 1.1.22 | in funds | funds | 31.12.22 | ||||
| Unrestricted | funds | ||||||
| General fund | (2,005) | (9,566) | (11,571) | ||||
| Woodbrooke | 771 | (668) | 237 | 340 | |||
| Property Maintenance | 457,953 | (72,392) | 28,155 | 413,716 | |||
| Insurance | (8,685) | 9,480 | 795 | ||||
| Worthing | 209,195 | (20,600) | (5,451) | 183,144 | |||
| Brighton | 159,329 | 9,021 | (9,378) | 158,972 | |||
| Ditchling | 12,501 | 5,982 | (3,016) | 15,467 | |||
| Chichester | 60,246 | 14,214 | (7,076) | 67,384 | |||
| Bognor Regis | 19,417 | (3,450) | (601) | 15,366 | |||
| Littlehampton | 23,730 | (1,886) | (2,784) | 19,060 | |||
| 943,142 | (80,469) | 862,673 | |||||
| Restricted funds | |||||||
| Edward Hamper | 4,799 | 987 | 5,786 | ||||
| Gwendoline | Barker Trust | 361,618 | (54,474) | 307,144 | |||
| 366,417 | (53,487) | 312,930 | |||||
| Endowment | funds | ||||||
| Area Meeting | Property | Fund | 8,409,672 | 672,705 | 9,082,377 | ||
| Edward Hamper | Capital | 36,767 | (6,940) | 29,827 | |||
| 8,446,439 | 665,765 | 9,112,204 | |||||
| TOTAL FUNDS | 9,755,998 | 531,809 | 10,287,807 |
| Net movement | 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 |
5,826 | (7,831) | (2,005) | |||||
| Woodbrooke | (668) | (668) | ||||||
| Property Maintenance |
(5,160) | (67,232) | (72,392) | |||||
| Insurance | (8,685) | (8,685) | ||||||
| Worthing | 14,439 | (35,039) | (20,600) | |||||
| Brighton | 142,103 | (132,233) | (849) | 9,021 | ||||
| Ditchling | 9,052 | (3,070) | 5,982 | |||||
| Chichester | 34,245 | (20,031) | 14,214 | |||||
| Bognor Regis | 7,211 | (10,661) | (3,450) | |||||
| Littlehampton | 17,211 | (19,097) | (1,886) | |||||
| 230,087 | (242,475) | (68,081) | (80,469) | |||||
| Restricted funds | ||||||||
| Edward Hamper | 987 | 987 | ||||||
| Gwendoline | Barker Trust | 584 | (4,265 ) | (50,793) | (54,474) | |||
| 1,571 | (4,265 ) | (50,793) | (53,487) | |||||
| Endowment | funds | |||||||
| Area Meeting | Property | Fund | 672,705 | 672,705 | ||||
| Edward Hamper | Capital | (6,940) | (6,940) | |||||
| 665,765 | 665,765 | |||||||
| TOTAL FUNDS | 231,658 | (246,740) | 546,891 | 531,809 |
| Net | Transfers | ||||||
|---|---|---|---|---|---|---|---|
| movement | between | At | |||||
| At 1.1.21 | in funds | funds | 31.12.21 | ||||
| Unrestricted | funds | ||||||
| General fund |
(7,804) | 3,737 | 4,067 | ||||
| Woodbrooke | 971 | (200) | 771 | ||||
| Property Maintenance |
436,718 | 21,891 | (656) | 457,953 | |||
| Insurance | (487) | (8,474) | 8,961 | ||||
| Worthing | 207,627 | 4,868 | (3,300) | 209,195 | |||
| Shoreham | 399 | (149) | (250) | ||||
| Brighton | 113,785 | 54,454 | (8,910) | 159,329 | |||
| Ditchling | 10,425 | 4,992 | (2,916) | 12,501 | |||
| Chiche ster | 48,362 | 5,649 | 6,235 | 60,246 | |||
| Bognor Regis | 14,175 | 6,368 | (1,126) | 19,417 | |||
| Littlehampton | 24,673 | 1,162 | (2,105) | 23,730 | |||
| 848,844 | 94,298 | 943,142 | |||||
| Restricted funds | |||||||
| Edward Hamper | 4,152 | 647 | 4,799 | ||||
| Gwendoline | Barker Trust | 340,768 | 20,850 | 361,618 | |||
| 344,920 | 21,497 | 366,417 | |||||
| Endowment | funds | ||||||
| Area Meeting | Property | Fund | 7,933,701 | 475,971 | 8,409,672 | ||
| Edward Hamper Capital | 36,935 | (168) | 36,767 | ||||
| 7,970,636 | 475,803 | 8,446,439 | |||||
| TOTAL FUNDS | 9,164,400 | 591,598 | 9,755,998 |
| 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 | (1,335) | 23,226 | 21,891 | ||||
| Insurance | (1) | (8,473) | (8,474) | ||||
| Worthing | 33,457 | (28,589) | 4,868 | ||||
| Shoreham | 616 | (765) | (149) | ||||
| Brighton | 151,847 | (98,120) | 727 | 54,454 | |||
| Ditchling | 7,245 | (2,253) | 4,992 | ||||
| Chiche ster | 16,471 | (10,822) | 5,649 | ||||
| Bognor Regis | 10,858 | (4,490) | 6,368 | ||||
| Littlehampton | 16,000 | (14,838) | 1,162 | ||||
| 248,101 | (177,756) | 23,953 | 94,298 | ||||
| Restricted funds | |||||||
| Edward Hamper | 1,037 | (390) | 647 | ||||
| Gwendoline | Barker Trust | 385 | (660) | 21,125 | 20,850 | ||
| 1,422 | (1,050) | 21,125 | 21,497 | ||||
| Endowment | funds | ||||||
| Area Meeting | Property | Fund | 475,971 | 475,971 | |||
| Edward Hamper Capital | (168) | (168) | |||||
| 475,803 | 475,803 | ||||||
| TOTAL FUNDS | 249,523 | (178,806) | 520,881 | 591,598 |
| Net | Transfers | ||||||
|---|---|---|---|---|---|---|---|
| movement | between | At | |||||
| At 1.1.21 | in funds | f'unds | 31.12.22 | ||||
| Unrestricted | funds | ||||||
| General fund | (7,804) | 1,732 | (5,499) | (11,571) | |||
| Woodbrooke | 971 | (868) | 237 | 340 | |||
| Property Maintenance | 436,718 | (50,501) | 27,499 | 413,716 | |||
| Insurance | (487) | (17,159) | 18,441 | 795 | |||
| Worthing | 207,627 | (15,732) | (8,751) | 183,144 | |||
| Shoreham | 399 | (149) | (250) | ||||
| Brighton | 113,785 | 63,475 | (18,288) | 158,972 | |||
| Ditchling | 10,425 | 10,974 | (5,932) | 15,467 | |||
| Chichester | 48,362 | 19,863 | (841) | 67,384 | |||
| Bognor Regis | 14,175 | 2,918 | (1,727) | 15,366 | |||
| Littlehampton | 24,673 | (724) | (4,889) | 19,060 | |||
| 848,844 | 13,829 | 862,673 | |||||
| Restricted funds | |||||||
| Edward Hamper | 4,152 | 1,634 | 5,786 | ||||
| Gwendoline | Barker Trust | 340,768 | (33,624) | 307,144 | |||
| 344,920 | (31,990) | 312,930 | |||||
| Endowment | funds | ||||||
| Area Meeting | Property | Fund | 7,933,701 | 1,148,676 | 9,082,377 | ||
| Edward Hamper | Capital | 36,935 | (7,108) | 29,827 | |||
| 7,970,636 | 1,141,568 | 9,112,204 | |||||
| TOTAL FUNDS | 9,164,400 | 1,123,407 | 10,287,807 |
| Incoming | Resources | Gains and | Movement | ||||
|---|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||||
| Unrestricted | funds | ||||||
| General fund |
17,434 | (15,702) | 1,732 | ||||
| Woodbrooke | (868) | (868) | |||||
| Property Maintenance |
(6,495 ) | (44,006) | (50,501) | ||||
| Insurance | (I) | (17,158) | (17,159) | ||||
| Worthing | 47,896 | (63,628 ) | (15,732) | ||||
| Shoreham | 616 | (765) | (149) | ||||
| Brighton | 293,950 | (230,353) | (122) | 63,475 | |||
| Ditchling | 16,297 | (5,323) | 10,974 | ||||
| Chichester | 50,716 | (30,853) | 19,863 | ||||
| Bognor Regis | 18,069 | (15,151) | 2,918 | ||||
| Littlehampton | 33,211 | (33,935) | (724) | ||||
| 478,188 | (420,231) | (44,128) | 13,829 | ||||
| Restricted funds | |||||||
| Edward Hamper | 2,024 | (390) | 1,634 | ||||
| Gwendoline | Barker Trust | 969 | (4,925 ) | (29,668) | (33,624) | ||
| 2,993 | (5,315) | (29,668) | (31,990) | ||||
| Endowment | funds | ||||||
| Area Meeting | Property | Fund | 1,148,676 | 1,148,676 | |||
| Edward Hamper Capital | (7,108) | (7,108) | |||||
| 1,141,568 | 1,141,568 | ||||||
| TOTAL FUNDS | 481,181 | (425,546) | 1,067,772 | 1,123,407 |
| 2022 | 2021 | ||
|---|---|---|---|
| Britain Yearly Meetings | 2,025 | 2,944 | |
| Other Quaker | Bodies | ||
| Non-Quaker | Bodies | 3,940 | 2,320 |
| 5,965 | 5,264 |