||||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|
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|||||||||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|
##
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||||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|
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|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|
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|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|
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|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|
##
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|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|
##
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|||2022|2021|
|---|---|---|---|
|Britain Yearly Meetings||2,025|2,944|
|Other Quaker|Bodies|||
|Non-Quaker|Bodies|3,940|2,320|
|||5,965|5,264|