2024-12-31-accounts - Sussex West Area Quaker Meeting Of The Religious Society Of Friends (Quakers) In Britain

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REGISTERED CHARITY NUMBER: 1147831

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

Lewis Brownlee (Chichester) Limited Chartered Accountants Appledram Barns Birdham Road Chichester West Sussex PO20 7EQ

SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

	Page
Report of the Trustees	1 to 5
Independent Examiner's Report	6
Statement of Financial Activities	7
Balance Sheet	8
Cash Flow Statement	9
Notes to the Cash Flow Statement	10
Notes to the Financial Statements	11 to 22

SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Area Meeting is a charity established for the advancement of religion and other charitable purposes such as derive from or bear witness to the principles and practices of the Religious Society of Friends (Quakers) in the area of Sussex West Area Quaker Meeting and beyond. The principal activity is the holding of Meeting for Worship in the constituent Local Quaker Meetings of Bognor Regis, Brighton, Chichester, Ditchling, Littlehampton and Worthing.

The main objectives of the charity are:

To administer and manage Sussex West Area Meeting and its property in accordance with its Governing Document
To further the general religious and charitable purposes of the Religious Society of Friends (Quakers) in Britain in the areas of Sussex West Area Meeting and beyond.

Significant activities

The six Local Quaker Meetings in Sussex West Area Quaker Meeting have held regular Meetings for Worship and Meetings for Business. The main purpose of these Meetings is to further spiritual growth and community development within the area of Sussex West.

The Area Meeting and the Local Meetings meet to inform and educate the members and attenders and to encourage its members and attenders to represent, as appropriate, the Area Meeting at national Quaker conferences.

Public benefit

The trustees have had due regard for the guidance from the Charity Commission for England and Wales in respect of public benefit and consider that the charity satisfies these criteria through the activities described above and in the course of this report.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Our six Local Meetings worship every Sunday, plus twice a month there is a Meeting on a Sunday in Haywards Heath and Midhurst. In addition, some Meetings for Worship are held on weekdays. Most of our Meetings offer a Zoom option for those who cannot get to Meeting, including some who are abroad. Business meetings are held regularly. Whilst overall the number of members and attenders is slowly declining, we have regular Meetings for children and each Local Meeting supports Local Friends in a variety of ways.

We keep our buildings in a good state of repair as a matter of policy; our Meeting Houses are hired out to a wide range of local groups which are in alignment with our testimonies (values). These Meeting Houses are managed by Wardens. Many refurbishments have been carried out to ensure that our buildings are accessible to all, as far as is possible within our financial constraints, and that work is done in an eco-friendly way, wherever practicable.

We have a robust policy on safeguarding and ensure that everyone is aware of it by training, DBS checks and references for certain appointments.

Many Quaker community events were organised; shared lunches, film shows, outings, discussion groups and craft meetings. Most of these were open to the general public. There were workshops on many topics, including aspects of our spiritual life and how Local Meetings are part of, and support, their local communities. Events were held to mark the 400th anniversary of the birth of George Fox, founder of the Quaker faith. Local Meetings took part in Quaker Week.

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SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

ACHIEVEMENTS AND PERFORMANCE

Sustainability

Quakers have had a concern for the environment for centuries. This concern is more relevant today that ever before because of climate change. We have read Advices and Queries 41 and 42 in our book of discipline, Quaker Faith & Practice:

Try to live simply. A simple lifestyle freely chosen is a source of strength. Do not be persuaded into buying what you do not need or cannot afford. Do you keep yourself informed about the effects your style of living is having on the global economy and environment?
We do not own the World, and its riches are not ours to dispose of at will. Show a loving consideration for all creatures and seek to maintain the beauty and variety of the world. Work to ensure that our increasing power over nature is used responsibly, with reverence for life. Rejoice in the splendour of God's continuing creation.

Quaker Peace and Social Witness (QPSW) is working on climate change to link climate with justice, one of our testimonies. QPSW is also looking at the actions we can take on climate, individually and as an Area Meeting.

We are called to consider the effect of our lives on the world's limited resources, and to work together to build low-carbon, sustainable communities. In 2011, Britain Yearly Meeting made a statement, which is part of the Canterbury Commitment, named after the city where the Meeting took place:

'To individual Friends, we issue a clear call to action to consider the effect of their lives on the world's limited resources and in particular on their carbon usage... We are grateful to those Friends who have responded in their own lives and who have encouraged and informed us... there is much more which may yet be done.' - Britain Yearly Meeting 2011

As an Area Meeting, we have considered the effect of our life and work on climate and the environment in terms of our buildings, our energy consumption, our waste, our travel, our investments and the way we live our private lives.

In 2024 and in earlier years, we have held discussions on our spiritual engagement with sustainability, developed low carbon practices for our Meeting Houses, recycled waste where possible, reduced travel where practical, invested in an ethical way and sought to minimise or eliminate our consumption of fish and meat. We use green suppliers of energy where possible.

FINANCIAL REVIEW

Results for the year

The total income in the year was £285,186 (2023: £249,028) of which £2,324 was attributable to restricted funds.

The total expenditure in the year was £291,550 (2023: £358,933), of which nil was attributable to restricted funds.

The trustees have considered the basis on which the freehold properties are recognised in the financial statements. These have historically been revalued on an annual basis to reflect the insured values as there is no record of the original costs and given the purposes for which the properties are held there is no reliable basis for a professional valuation. Using insured values is not in accordance with recommended accounting practice.

The trustees have agreed to restate the properties as heritage assets and to revalue them to nil. This has resulted in a one-off reduction in the property endowment fund of £10,171,258 as at 31 December 2024.

The total funds carried forward at 31 December 2024 were £1,163,515 (2023: £11,315,576), of which £356,737 (2023: £336,982) was attributable to restricted funds and £32,214 (2023: £10,203,623) was attributable to endowment funds.

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SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Reserves policy

As part of their responsibility for the financial affairs of Sussex West Area Meeting, trustees have regularly reviewed the reserves held by the Area Meeting and the constituent Local Meetings, following guidance provided by Britain Yearly Meeting, to ensure there are sufficient reserves for the efficient working of the Area Meeting.

The target level of free reserves at 31 December 2024 was £450,000, to hold in case of ongoing revenue expenditure not covered by income and for planned and unplanned capital expenditure, again not covered by income.

The actual level of free reserves at the year end, excluding investments which are held for the long term, was £405,702 (2023: £414,390), which is below the target level. The trustees plan to use these free reserves to cover the costs of a course to engender spiritual growth for the Area Meeting and also cover increased general and salary costs, as paid employees take the place of volunteers owing to the dearth of volunteers.

FUTURE PLANS

The key objective is to encourage spiritual growth within Sussex West Area Quaker Meeting and its constituent Local Meetings and to support the Quaker community and Quaker values in Sussex West and beyond.

In 2022, trustees asked Area Meeting for guidance on the vision of the future of the organisation, to enable trustees to apply financial and other resources to deliver on that vision. Area Meeting asked a small working group of Friends to consider this matter and report back. This has been ongoing through 2024.

In 2025, the working group produced a report called the Vibrancy Report and this Report has been approved by Area Meeting. The Report sets out three sets of recommendation, one each for Area Meeting, Local Meetings and trustees. Trustees plan to comment on the Vibrancy Report and their response on the recommendations in their Trustees' Report for the financial year 2025.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is administered in accordance with its governing document, a deed of trust and is an unincorporated charity.

The affairs of the Area Meeting are governed by "Quaker Faith and Practice", the Book of Discipline of Britain Yearly Meeting. The Area Meeting has a Governing Document dated 8 March 2008. It was formerly excepted from registration with the Charity Commission under Statutory Instruments 180 of 1996 and 1598 of 2002. It was registered as a charity with charity number 1147831 on 26 June 2012.

Recruitment and appointment of new trustees

The members of the Area Meeting are all those persons whose names are for the time being recorded in its official register of members. The Managing Trustees are those appointed as such by the Area Meeting in session, generally on a triennial basis. The Area Meeting also appoints two members to serve on Meeting for Sufferings, a representative conference which advises the Trustee body for the centrally-managed work of Britain Yearly Meeting.

Organisational structure

The Managing Trustees are appointed by the Area Meeting in session and the following persons served as Trustees during the period covered by this report, as set out below:

Officers

Co-Clerks: P Gibson, Littlehampton Local Meeting and K Grove, Chichester Local Meeting Treasurer: K Grove, Chichester Local Meeting

Holding Trustee for Property

Friends Trusts Ltd Friends House 173 Euston Road London NW1 2BJ

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SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Holding Trustee for Investments

Fidelity Investment Services (UK) Ltd Oakhill House 130 Tonbridge Road Hildenborough Tonbridge TN11 9DZ

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The trustees have considered the risks which the charity faces and put in place policies to mitigate these. The two major risks are the safeguarding of children and vulnerable adults and the securing of the long-term financial viability of the charity. The trustees have set up and operate a safeguarding policy. They hold reserves to ensure the charity's financial viability.

The trustees consider that there is sufficient cash held in unrestricted funds to secure the financial viability of the charity in 2025 and beyond. In addition, long term investments of £360,000 are held in unrestricted funds and, as such, not included in the calculation of reserves. These long-term investments could be realised as cash, if needed. Accordingly, the trustees concluded that the charity is a going concern and that the 2024 accounts should be, and have been, prepared on the going concern basis of accounting.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1147831

Principal address

Friends Meeting House Priory Road Chichester West Sussex PO19 1NX

Trustees

Ms K W Dyer (appointed 11/8/2024) R A Morris Ms H Cooke H P Jones G Dean (resigned 1/1/2025) Ms K Grove (resigned 31/12/2024) P H Gibson Dr C Pitt (appointed 18/1/2025)

Independent Examiner

Sarah Alexander FCCA FCA Lewis Brownlee (Chichester) Limited Chartered Accountants Appledram Barns Birdham Road Chichester West Sussex PO20 7EQ

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

Independent examiner's report to the trustees of Sussex West Area Quaker Meeting of the Religious Society of Friends (Quakers) in Britain

I report to the charity trustees on my examination of the accounts of Sussex West Area Quaker Meeting of the Religious Society of Friends (Quakers) in Britain (the Trust) for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

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 accounts to be reached.

Sarah Alexander FCCA FCA

Lewis Brownlee (Chichester) Limited Chartered Accountants Appledram Barns Birdham Road Chichester West Sussex PO20 7EQ

13 November 2025 Date: .............................................

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SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 69,103 Other trading activities 3 200,178 Investment income 4 13,581 Total 282,862 EXPENDITURE ON Raising funds 5 7,969 Charitable activities 6 Quaker Activities 283,581 Total 291,550 Net gains/(losses) on investments 8,281 NET INCOME/(EXPENDITURE) (407) Other recognised gains/(losses) Gains/(losses) on revaluation of fixed assets - Net movement in funds (407) RECONCILIATION OF FUNDS Total funds brought forward 774,971 TOTAL FUNDS CARRIED FORWARD 774,564	Restricted funds £ - - 2,324 2,324 - - - 17,431 19,755 - 19,755 336,982 356,737	Endowment funds £ - - - - - - - (151) (151) (10,171,258) (10,171,409) 10,203,623 32,214	2024 Total funds £ 69,103 200,178 15,905 285,186 7,969 283,581 291,550 25,561 19,197 (10,171,258) (10,152,061) 11,315,576 1,163,515	2023 Total funds £ 68,318 170,684 10,026 249,028 5,729 353,204 358,933 47,893 (62,012) 1,089,781 1,027,769 10,287,807 11,315,576

The notes form part of these financial statements

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gJSSEX WEST AREA QUAKER MEETING OF ThE REUGIOUS SOCIEfY OF FRIt14LIS (QUAKERS) IN BRrrAIN aALACE SHEEr 310ECEMBER 1024 2024 Tot•1 lunds 2023 TDtal lunds lund• lund ot•s FIXED IISSETS TangiNe asse In¥eY]nents 10,171.258 676 293 701 35862 301.678 31,314 70254 10,847,551 14 24,422 392 941 24,422 36.668 Cash ot Iwk 91)0 417.363 55,059 900 473A22 483.387 CREDrroRS Aywunts rollin9 withln one 15 (11,661) {ii,Mi) {15.362) NET CIIRRÉNT ASSETS 461661 TOTAL ASSETS LESS CURRENT UASJLmes T14,$64 354737 31214 1.163,515 11.311576 J56 737 FUNDS un$t( lundi Re5tnctcd fuTh15 Endowrnert lundg 16 774,504 356,737 774,971 336,9B2 10 Z03 623 TOTAL FUNDS 1 163 51S 11315 516 rIn[jaI ststements apwovcd rd of Trv#ees •)d aulh)rtsed ts 1S5ue CAI . rnl Wer 5oned on ts behall ty: -¥hfv).e,fr" P H &bth. frystèe Or C Pltt. Tnjstee The nctes forrn af these fiMNclal ststernents Page 8

SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024

Notes Cash flows from operating activities Cash generated from operations 1 Net cash used in operating activities Cash flows from investing activities Dividends & interest Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period	2024 £ (13,724) (13,724) 15,905 2,181 2,181 446,719 448,900	2023 £ (117,906) (117,906) 10,026 10,026 (107,880) 554,599 446,719

The notes form part of these financial statements

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SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024

RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING	RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING	RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING
ACTIVITIES
	2024	2023
	£	£
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)	19,197	(62,012)
Adjustments for:
Gain on investments	(25,561)	(47,893)
Dividends & interest	(15,905)	(10,026)
Decrease/(increase) in debtors	12,246	(3,310)
(Decrease)/increase in creditors	(3,701)	5,335
Net cash used in operations	(13,724)	(117,906)

2. ANALYSIS OF CHANGES IN NET FUNDS

	At 1/1/24	Cash flow	At 31/12/24
	£	£	£
Net cash
Cash at bank	446,719	2,181	448,900
	446,719	2,181	448,900
Total	446,719	2,181	448,900

The notes form part of these financial statements

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SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure.

Raising funds

Costs of generating funds comprise those costs directly attributable to publicising the charity.

Governance costs

Governance costs include the costs of governance arrangements which relate to the general running of the charity.

Allocation and apportionment of costs

Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Heritage assets

The Charity owns a number of Meeting Houses. These properties are held in perpetuity for Meetings for Worship or other charitable activities and contribute to the furtherance of the charitable objectives. There is no cost and no accumulated depreciation recognised for these heritage assets, as allowed under Section 18 of FRS 102. Whilst it is believed that the market value, both at the time of acquisition and at the balance sheet date, was significantly in excess of the deemed cost and net book value, it is not possible to obtain a reliable estimate of the market value at either date. Conventional valuation techniques are not appropriate for the unique and historical nature of the assets.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Endowment funds can only be use for particular restricted purposes relating to the capital element of the asset in question.

continued...

Page 11

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

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SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2. DONATIONS AND LEGACIES

2. DONATIONS AND LEGACIES
Donations 3. OTHER TRADING ACTIVITIES Hall / room hire of surplus space 4. INVESTMENT INCOME Dividend income Bank interest 5. RAISING FUNDS Raising donations and legacies Quaker activities	2024 £ 69,103 2024 £ 200,178 2024 £ 11,789 4,116 15,905 2024 £ 7,969	2023 £ 68,318 2023 £ 170,684 2023 £ 6,441 3,585 10,026 2023 £ 5,729

continued...

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SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

6. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
Grant funding of activities Support Direct (see note costs (see Costs 7) note 8) £ £ £ Quaker Activities 18,261 7,476 257,844 GRANTS PAYABLE 2024 £ Quaker Activities 7,476 The total grants paid to institutions during the year was as follows: 2024 £ Britain Yearly Meeting 336 Other Quaker Bodies 1,544 Non-Quaker Bodies 4,811 6,691	Totals £ 283,581 2023 £ 6,474 2023 £ - 1,255 2,599 3,854

CHARITABLE ACTIVITIES COSTS

Grant
funding of
activities
Support
Direct
(see note
costs (see
Costs
7)
note 8)
£
£
£
Quaker Activities
18,261
7,476
257,844
GRANTS PAYABLE
2024
£
Quaker Activities
7,476
The total grants paid to institutions during the year was as follows:
2024
£
Britain Yearly Meeting
336
Other Quaker Bodies
1,544
Non-Quaker Bodies
4,811
6,691

Totals
£
283,581
2023
£
6,474
2023
£
-
1,255
2,599
3,854

7. GRANTS PAYABLE

Grants to Non-Quaker institutions are made to promote the charitable objects, after agreement and approval at the relevant Meeting for Business.

8. SUPPORT COSTS

Governance Management costs £ £ Quaker Activities 252,744 5,100	Totals £ 257,844

The greater part of the charitable work is carried out by trustees and members as volunteers, at no charge to the charity. The governance costs comprise entirely the fee of the independent examiner.

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

During the year, one (2023: one) trustee was reimbursed for travel and treasurer expenses of £192 (2023: £29).

continued...

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SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

10. STAFF COSTS Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Administration No employees received emoluments in excess of £60,000. 11. TANGIBLE FIXED ASSETS COST OR VALUATION At 1 January 2024 Disposals At 31 December 2024 NET BOOK VALUE At 31 December 2024 At 31 December 2023	2024 £ 132,995 2,561 3,371 138,927 2024 10	2023 £ 119,450 851 3,216 123,517 2023 10 Freehold property £ 10,171,258 (10,171,258) - - 10,171,258

As a result of a change in accounting policy the freehold property shown above has been transferred to heritage assets in 2024. The basis for this is that the buildings are maintained by the Charity for their contribution to knowledge and culture of the Quaker faith and it would be impracticable and an inefficient use of the Charity's funds to obtain market valuations for such unique assets.

12. HERITAGE ASSETS

The Charity is the beneficial owner of six heritage asset properties. The historical cost of the properties was unable to be obtained and as such no value has been listed in the accounts. However, the insured values of the properties are listed below.

Bognor Meeting House Brighton Meeting House Chichester Meeting House Ditchling Meeting House Littlehampton Meeting House Worthing Meeting House	£ 814,446 5,968,208 1,211,887 439,023 1,034,449 1,313,524 10,781,537

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SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

13. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
	Listed
	investments
	£
MARKET VALUE
At 1 January 2024	676,293
Revaluations	25,561
At 31 December 2024	701,854
NET BOOK VALUE
At 31 December 2024	701,854
At 31 December 2023	676,293
There were no investment assets outside the UK.
Cost or valuation at 31 December 2024 is represented by:
	Listed
	investments
	£
Valuation in 2024	701,854
HISTORICAL COST
	616,920
At 31st December 2024
At 31st December 2023	616,920

The investment portfolio is held to finance improvements to the Meeting Houses. The policy is to invest sustainably for the future, in accordance with the Charity's ethical investment policy. Further details of the ethical investment policy are available on request.

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors Other debtors	2024 £ 4,222 20,200 24,422	2023 £ 14,925 21,743 36,668

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SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 16. MOVEMENT IN FUNDS Net movement At 1/1/24 in funds £ £ Unrestricted funds General fund (7,694) 1,940 Woodbrooke 340 (100) Property Maintenance 391,007 8,153 Insurance (140) (9,259) Worthing 157,034 (15,681) Brighton 121,370 19,903 Ditchling 15,036 1,803 Chichester 62,108 (6,500) Bognor Regis 16,945 3,550 Littlehampton 18,965 (4,216) 774,971 (407) Restricted funds Edward Hamper 6,444 1,208 Gwendoline Barker Trust 330,538 18,547 336,982 19,755 Endowment funds Area Meeting Property Fund 10,172,158 (10,171,258) Edward Hamper Capital 31,465 (151) 10,203,623 (10,171,409) TOTAL FUNDS 11,315,576 (10,152,061)	2024 £ 11,661 Transfers between funds £ 20,208 - - - (3,360) (9,840) (3,153) (6,600) (1,080) 3,825 - - - - - - - -	2023 £ 15,362 At 31/12/24 £ 14,454 240 399,160 (9,399) 137,993 131,433 13,686 49,008 19,415 18,574 774,564 7,652 349,085 356,737 900 31,314 32,214 1,163,515

continued...

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SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds General fund Woodbrooke Property Maintenance Insurance Worthing Brighton Ditchling Chichester Bognor Regis Littlehampton Restricted funds Edward Hamper Gwendoline Barker Trust Endowment funds Area Meeting Property Fund Edward Hamper Capital TOTAL FUNDS	Incoming resources £ 9,600 - - - 30,927 173,115 6,811 35,628 9,350 17,431 282,862 1,208 1,116 2,324 - - - 285,186	Resources expended £ (7,660) (100) (86) (9,259) (46,608) (153,254) (5,008) (42,128) (5,800) (21,647) (291,550) - - - - - - (291,550)	Gains and losses £ - - 8,239 - - 42 - - - - 8,281 - 17,431 17,431 (10,171,258) (151) (10,171,409) (10,145,697)	Movement in funds £ 1,940 (100) 8,153 (9,259) (15,681) 19,903 1,803 (6,500) 3,550 (4,216) (407) 1,208 18,547 19,755 (10,171,258) (151) (10,171,409) (10,152,061)

continued...

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SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds General fund Woodbrooke Property Maintenance Insurance Worthing Brighton Ditchling Chichester Bognor Regis Littlehampton Restricted funds Edward Hamper Gwendoline Barker Trust Endowment funds Area Meeting Property Fund Edward Hamper Capital TOTAL FUNDS	At 1/1/23 £ (11,571) 340 413,716 795 183,144 158,972 15,467 67,384 15,366 19,060 862,673 5,786 307,144 312,930 9,082,377 29,827 9,112,204 10,287,807	Net movement in funds £ (1,552) - 22,708 (9,179) (22,398) (28,072) 2,585 (52,776) 2,623 (1,641) (87,702) 658 23,394 24,052 1,089,781 1,638 1,091,419 1,027,769	Transfers between funds £ 5,429 - (45,417) 8,244 (3,712) (9,530) (3,016) 47,500 (1,044) 1,546 - - - - - - - -	At 31/12/23 £ (7,694) 340 391,007 (140) 157,034 121,370 15,036 62,108 16,945 18,965 774,971 6,444 330,538 336,982 10,172,158 31,465 10,203,623 11,315,576

continued...

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SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

16. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund Property Maintenance Insurance Worthing Brighton Ditchling Chichester Bognor Regis Littlehampton Restricted funds Edward Hamper Gwendoline Barker Trust Endowment funds Area Meeting Property Fund Edward Hamper Capital TOTAL FUNDS	Incoming resources £ 5,270 - - 23,866 164,152 8,512 24,809 7,234 13,013 246,856 1,158 1,014 2,172 - - - 249,028	Resources expended £ (6,822) (384) (9,179) (46,264) (192,374) (5,927) (77,585) (4,611) (14,654) (357,800) (500) (633) (1,133) - - - (358,933)	Gains and Movement losses in funds £ £ - (1,552) 23,092 22,708 - (9,179) - (22,398) 150 (28,072) - 2,585 - (52,776) - 2,623 - (1,641) 23,242 (87,702) - 658 23,013 23,394 23,013 24,052 1,089,781 1,089,781 1,638 1,638 1,091,419 1,091,419 1,137,674 1,027,769

continued...

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SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund Woodbrooke Property Maintenance Insurance Worthing Brighton Ditchling Chichester Bognor Regis Littlehampton Restricted funds Edward Hamper Gwendoline Barker Trust Endowment funds Area Meeting Property Fund Edward Hamper Capital TOTAL FUNDS	At 1/1/23 £ (11,571) 340 413,716 795 183,144 158,972 15,467 67,384 15,366 19,060 862,673 5,786 307,144 312,930 9,082,377 29,827 9,112,204 10,287,807	Net movement in funds £ 388 (100) 30,861 (18,438) (38,079) (8,169) 4,388 (59,276) 6,173 (5,857) (88,109) 1,866 41,941 43,807 (9,081,477) 1,487 (9,079,990) (9,124,292)	Transfers between funds £ 25,637 - (45,417) 8,244 (7,072) (19,370) (6,169) 40,900 (2,124) 5,371 - - - - - - - -	At 31/12/24 £ 14,454 240 399,160 (9,399) 137,993 131,433 13,686 49,008 19,415 18,574 774,564 7,652 349,085 356,737 900 31,314 32,214 1,163,515

continued...

Page 20

SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund Woodbrooke Property Maintenance Insurance Worthing Brighton Ditchling Chichester Bognor Regis Littlehampton Restricted funds Edward Hamper Gwendoline Barker Trust Endowment funds Area Meeting Property Fund Edward Hamper Capital TOTAL FUNDS	Incoming resources £ 14,870 - - - 54,793 337,267 15,323 60,437 16,584 30,444 529,718 2,366 2,130 4,496 - - - 534,214	Resources expended £ (14,482) (100) (470) (18,438) (92,872) (345,628) (10,935) (119,713) (10,411) (36,301) (649,350) (500) (633) (1,133) - - - (650,483)	Gains and losses £ - - 31,331 - - 192 - - - - 31,523 - 40,444 40,444 (9,081,477) 1,487 (9,079,990) (9,008,023)	Movement in funds £ 388 (100) 30,861 (18,438) (38,079) (8,169) 4,388 (59,276) 6,173 (5,857) (88,109) 1,866 41,941 43,807 (9,081,477) 1,487 (9,079,990) (9,124,292)

Funds in Deficit

The deficits on the general fund will be cleared by further designations of unrestricted funds in 2024.

Restricted Funds

Edward Hamper

Income to this fund is used to pay welfare grants to individuals.

The Gwendoline Barker Trust Fund

The Gwendoline Barker Trust fund is held for the benefit of Chichester Local Meeting for those in financial need of urgent medical treatment or short term nursing home care.

Endowment Funds

Area Meeting Property Fund

This fund holds the meeting houses as a permanent endowment for the Charity.

Edward Hamper Capital

This fund holds investments as a permanent endowment. Income from these investments is paid into the Edward Hamper restricted fund and disbursed as detailed above.

continued...

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SUSSEX WEST AREA QUAKER MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

16. MOVEMENT IN FUNDS - continued

Transfers between funds

Transfers between funds represents area levies paid for on behalf of the individual meeting houses as well as miscellaneous repair work.

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.

18. FUNDS RECEIVED AS AGENT

The Charity receives funds as agent rather than as principal and with no discretion as to how these funds are to be spent. Such funds are not accounted for as income or expenditure of the Charity in these financial statements. The funds received as agent were:

Britain Yearly Meetings Other Quaker Bodies Non-Quaker Bodies	2024 £ 4,077 - 5,799 9,876	2023 £ 2,025 - 3,940 5,965

The balance of funds received as agent at 31 December 2024 was a credit of £12,024 (31 December 2023: credit £10,027), reflecting timing differences between receipts and payments.

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