2024-12-31-accounts

ILrea Quaker Meeting Registered Charity no. 1161207 Trustees Annual Report and Accounts 2024 Alston Carlisle Cockermouth Keswick Mosedale. P*nrtth

CUMBERLAND AREA QUAKER MEETING Registered Charity No. 1161207 TRUSTEES, ANNUAL REPORT AND ACCOUNTS FOR 2024 INDEX to SECTIONS Section l. Structure and organisation 2. Governance: 2.1 Trustees and responsibilities 2.ii Related information and contact details 3. Objects and activities Public benefits statement Policies Properties 7. Safeguarding 8. Sustainability 9. Future plans 10. Archives and Record5 11. Other charitable trusts within the area meeting 12. Financial review 12.1 The accounts 12.ii Summary of the main financial activtties 12.iii Grant Making Policy 12.iv Investment Policy 12.v Financial Instruments Policy 12.vi Reserve5 Policy 13. Approval of the report Responsibilities of trustees and accounting policies STATEMETr￿ OF FINANaAL AcnvmES 2024 BALANCE SHEET AT 31 DECEMBER 2024 Notes to the accounts Table l- Unrestricted funds Table 2- Restricted funds Table 3- Endowment funds Examiner's statement

CUMBERLAND AREA QUAKER MEEfiNG OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN Registered Charity No. 1161207 TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report together with the consolidated accounts for the Area Meeting for the year ended 310ecember 2024. I Structure and organisation Cumberland Area Quaker Meeting ICAQMI was formed on l January 2015. It is a merger of North Cumbria Area Meeting and West Cumbria Area Quaker Meeting of the Religious Society ot Friends. after an approval process in both area meetings and with the agreement of the appropriate committees within Britain Yearly Meeting of the Religious Society of Friends lQuakersl. It was registered with the Charity Commission on 8 April 2015 as Charity number 1161207. CAQM is an unincorporated association constituted as a membership organisation. A member is a person recorded in the register of members by a minuted decision of the Area Meeting IAMI. Within the Religious Society of Friends lQuakersl, Friends are members of their AM and thereby of 8ritain Yearly Meeting IBYMI- Members come together with regular attenders for worship and for other activities in the five Local Meetings {LMsl that comprise CAQM. During 2022, Mosedale merged with Penrith LM. Additionally. Area Meetings for Worship for Business which are open to all members, are normally held five times a year. Other area-wide events relating to the core purposes of CAQM are held from time to time. These are open to all members and attenders, and may include members of the public. CAQM has the authority to set up or lay down Lms, which are at all times subordinate to the AM. Members in each LM may have delegated responsibilities in addition to holding public Meetings for Worship IMfWI. By agreement with the AM they may manage, maintain and hire out a local meeting house- engage and manage staff,. and raise and spend funds necessary to carry out these responsibilities. The frequency of Mfw, within each of the LM5. and the people associated with them during 2024 lattenders: men and women) were as follows: Alston fourth Sunday land second Wednesday summer only) of the month. Membership: 2 men. I women. Attenders: 3 women. O men. Carlisle every Sunday and Tuesday. Membership: 11 men. 19 women. Attenders: I man, 5 women. Cockermouth every Sunday, and Thursday. Membership: 12 men, 14 women. Attenders: 7 men. 12 women Keswick-everysunday. Membership: 3 men. 12 women. Attenders: 9 men, 13 women.

Mosedale first and third Sunday of the month. Membership.. 6 men. 10 women. Attenders.. 2 men. 3 women. Penrith- every Sunday. Member5hip= 10 men, 23 women. Attenders.. 7men. 7 women. Unattached Members: 7 men. 11 women. Tota5 Membership= 51 men. 88 women. Total attenders 26 men, 43 women. Since Covid, some Local Meetings have held 'blended' meeting5 Wlth video conferencing facilities, and this continues. This has allowed some who could or would not otherwise travel to Meetings to take part in Mfw. 2 Governance th 2.1 A Governing Document was agreed with the Charity Commission on the 8 April 2015. It provides for the appointment of six to ten trustees for an initial term of three years, and provides that only in exceptional circumstsnces shall a trustee remain continuously in post for more than six years. Appointments of trustees are made by CAQM on the recommendation of its nominations committee, which is charged with searching for appropriate people to fulfil offices and undertake tasks on behalf of the AM. All must be in membership of the Religious Society of Friends. An induttion policy for new trustees and officers of the area meeting is in place, and they are given opportunities to attend courses and events to enable them to better carry out their responsibilities. The trustees nominated and appointed by CAQM to serve during 2023 were as follows (with their dates of appointment- including future appointments- stated in brackets1= Glenn Tomkin50n131.12.261 William Bewley131.12.261 Richard Parker131.12.261 (Treasurer 31.12.24) Lesley Smith131.12.2SI Maureen Lofthouse131.5.251 Loma Reynolds131.12.261 Carol Graham131.12.261 Carol Graham subsequently asked to be released from her role as a Trustee owing to personal circumstances. A new appointment of As51Stant Treasurer was made during the year with the intention that the work of the Treasurer could be shared. John Bracegirdle from Cockermouth Local Meeting was appointed. The Assistant Treasurer. John 8racegirdle. has been added as a signatory on the CAQM Cooperative Bank account1672386401 and to the various AM savings accounts. and the existing

signatory, Trustee Bill Bewley, has been removed. For the avoidance of doubt this specifically includes the following accounts held in The Cumberland Building society laccount number 54195597 S4239365 and 54213785 The Penrith Building Society12201-00179-O The Triodos Account1219486901 The Charity Bank198472975031 and the account at The Skipton Building Society laccount number 9975875981. The Treasurer. Richard Parker. and fellow Trustee Glenn Tomkinson are also signatories on these accounts. Two out of the three signatories are required to operate each account. The Trustees agreed that the £30,IJOO deposited in the Penrith Building Society should be moved to their new 7-day business account with a higher yield of 3.25 %. The principal responsibilities of the trustees are to ensure that the AM fulfils its legal and other charitable obligations: to promote the effective management of the charity,. to use its resources to best effert: to sustain a financial strategy that enables running costs to be met and financial support provided to BYM and other Quaker charitable activity: whilst ensuring appropriate provision is made to pursue the objects and activities of the AM in the future- and holding adequate and reasonable reserves. During 2022, it was agreed at AM that donations to BYM and other Quaker related charities would in future be decided by AM trustees rather than individual Lms. AM meetings are also a forum where infofmation from Quaker-related groups and organisations are shared with members of CAQM. The final decision making organ of CAQM is the Area Meeting in session, at which everyone who is a member of the area meeting is entttled to attend. The manner of the conduct of the business and other activities of the area meeting is prescribed by Quaker foith ond prurtice.. The book of Christian discipline of the Yearly Meeting of the Religious Society of Friends (Quakers) in Britain Fifth edition 2013, and any subsequent amendments. 2.ii Administrative information All communications to the char should be addressed to the current Clerk of Tnjstees: Lesley Smith, 12 Lakehead Court, The Headlands. Keswick CA12 SEU 1017687809811 e.. am.trustees cumberland u3kers.org.uk All matters relating to the financial attivities of the chari should be addressed to the Treasurer: Richard Parker, Eastgate, Milburn. Penrith CAIO ITN 1017683615091 am.treasurer cumberland uakers.or The current examiner of the CAQM accounts is Armstrong Watson LLP, James Watson House, Montgomery Way. Carlisle CA12UU1012286901tKII e= [e-mail]. The current legal advisers to CAQM arecartmell Shepherd, Montgomeryway, Carlisle. CA12RW 1012285140771 e.. [e-mail]. Trustees manage an online current account with the Cooperative Bank and hold deposit accounts with the Cumberland. Penrith and Skipton Building Societies. and the Triodos Bank.

Each of the Local Meetings a150 have online current accounts land in some cases deposit accounts). These monies form part of the financial resources of the charity, and are shown in the accounts section of this report. During 2022 and continuing into 2023, the majority of these accounts were transferred across to online account5 Wlth the Cooperative 8ank. The Cooperative wa5 chosen as having comparatively strong ethical credentials whilst offering 'free banking. to charities. Penrith Local Meeting has a business account with online ac￿55 with the Cumberland Building Society. During 2023, CAQM progressed a plan to simplify its accounting system, now that online bank accounts have been established for each individual meeting (except Alston). The accounting system was previously reliant on Excel spreadsheets. All of the accounts have now been transferred on to a Xero accounting package which simplifies matters combined with 3 more intuitive approach. This is now being very successfully run by all the Local Meeting5 apart from Alston and has significant advantages over the previous system. The custodian trustee for properties and assets of CAQM. and its associated trusts, is Friends Trusts Limited. Friends House. 173 Euston Road. London NWI 28J. {0207 663 11211 e: friendstrusts uaker.or CAQM has a website where up-to-date information about the activities of the Area Meeting and its Local Meetings are provided together with details of its policies. This can be found at.. www.cumberland uakers.or 3 Objects and principal activities of the charity The object of the charity is the furtherance of the general religious and charitable purposes of the Religious Society of Friends lQuakersl in Britain in the area of north-west Cumbria and beyond. The principal artivity of the charity is holding meetings for worship in the manner of Quakers. The charity, through its local meetings also engages in the life of the communities. for example by making its properties available for community use. 4 Public Benefits Statement The trustees confirm that they take note of the Charity Commission's general guidance on public benefit when reviewing the objects of the charity. and when the AM plans its activities. The principal actiwty of the charity is the holding of public Mfw in its constituent local meeting5, together with opportunities at both local and area level for member5 and other interested persons to explore and develop their understanding of their faith in the light of both historic and contemporary interpretations of Quaker insights and testimonies.

We encourage all the Lms to examine ways in which they can improve sustainability, via improvements to the physical nature and fabric of their building5 and by generally making better Use of the meeting houses to include technology enabling people to attend virtually if they wish. The AM'S six meeting houses are made available and hired out to a variety of other groups land organisationsl thereby providing a valuable service to local communities. The car park at Mosedale is made available to the general public and contributions to park there are invited. The meeting house at Little Broughton had been let to the Broughton Evangelical Church since 1978 but they gave notice that they no longer required the use of the building. Consequently the building was sold at public aurtion on 10th July 2024 for £72,(m, with net proceeds of £68,623.17. The Trustees agreed to invest the net proceeds initially in a one-year ethical fixed- term savings account with the Charity Bank at 4.516% interest. The meeting house and ancillary buildings at Pardshaw are now let, on the basis of a seven-year lease to Pardshaw Quaker Centre CIO from August 2022. Mfw continue to be held there occasionally and the burial ground remains in use. 5 Policies In June 2016, after extensive consultation. the Trustees adopted and published a set of policies to assist members in managingthe Am'saffairs. Everymember and attenderwasgiven a booklet covering the policies, which are kept under regular review. The existing policies have now been omprehen5ively reviewed and revised where necessary during this year and accepted by Area Meeting in October 2024. A new Lettings policy has been drafted and it is hoped this will be completed and accepted by the Area Meeting in 2025. The policies cover". Equal opportunities Safeguarding Risk management Health and safety Dats protertion Grant making Investment General reserves Right keeping of records Privacy. Lettings Trustees are aware of the need to develop not only policies but actions and procedures. A good start has been made. For example. in safeguarding matters the co-working safeguarding coordinators have attended training courses and conferences. and a full set of procedures is in place. A new Safeguarding Policy has been developed in line with guidance from Friends House.

Risk management procedures have also been agreed. as has 3 register of risks. The trustees regularly monitor and review the risks involved in its activities. Risks include those to individuals, to property.. and to the organisation itself whether that be financial. legal and/or reputational. In practical terms this includes who is responsible for what, how it is recorded, and what triggers action. A detailed health and safety risk assessment lincludinE fife risk) has been undertaken in 2023 for each of the six meeting houses and the necessary actions implemented. The Trustees, intention is to keep its policies under continuous review- to continue the necessary changes to the administrative and accounting arrangements following the establishment of CAQM: and to seek a scheme from the Charity Commission to combine a number of previous schemes and trusts. This will enable us to use and manage our property and financial herFtage more effettively. 6 Properties CAQM owns meeting houses at Alston, Carlisle, Cockermouth. Keswick, and Pardshaw. The former meeting house at Little Broughton was sold in July 2024. The management, and trusteeship of Mosedale and Penrith meeting house5 was transferred across to CAQM in May2021. The meeting houses at Cockermouth, Mosedale. Penrith and Pardshaw have associated burial grounds. Other unattached burial grounds exist at Allonby, Beckfoot, Little Broughton. Moorhouse, and Newby. Only the burial grounds at Cockemiouth, Pardshaw and Allonby are open for buria15. The Trustees inspect all burial grounds on a three-yearly basis. Basic upkeep and maintenance of meeting houses, and raising the necessary finance is usuallv delegated to the LM. However. major repairs, renovations and improvements are overseen and funded by AM trustees through a premises fund into which certain income and agreed transfers of unrestricted funds are made. The AM Trustees also manage two residential properties in Keswick via a property manager. These were left in separate bequests with restrictions as to their use, disposal and use of income, but to the general benefit of Quaker activities within the area meeting, particularly Keswick. Following the scheme agreed with and approved by the Charity Commission in 2022 these restrictions have now been lifted and these two investment properties are to be identified a5 'unrestricted' in the annual account5. The management arrangements of both properties was extensively reviewed during 2023 and rent reviews implemented.

The trustees have instituted a five-yeèrly survey and review of each property under its ownership, on a rolling basis. All of the unattached burial grounds were inspected in 2021. Repairs were initiated where appropriate, and provision is made for regular maintenance work like ground clearance and grass-cutting. Trustees intend to continue with this approach with the intention that each of the properties will be maintained in a Sound and safe condition. During 2024 work was undertaken to deal with some of the matters identified in the previous qLbinquennial surveys. 3nd surveys of Carlisle and Penrith Meeting House were commissioned. Considerable work has been carried out by Christopher Thomas and Kath Worrall in recent years, in rationalising and simplifwng the complicated structure of some of the small endowments, legacies and trust funds forming part of CAQM. This was all done under the auspices and provisions of Section 281 of the Charities Act 2011. Many of these smaller funds were no longer relevant in todaWs world. This work has resulted in at least eight such funds being wound up. The small monetary value in each has been transferred across into eitherthe'general, or'premises. fund within the year end 2022 consolidated accounts for CAQM. As a result. the format of the accounts for 2023 are simpler than in previous years. The Meeting House at Pardshaw near Cockermouth h35 been a concern for some years, given its limited use and also the extensive nature of the buildings there. This was compounded by the fact that the site is designated as a Grade 11 listed buildin& with consequent. and fairly onerous. repairing liabilities. Some years ago, CAQM agreed to the establishment of a charity I'Friends of Pardshaw Meetinll to initially investigate what to do with the property and decide how best to move forward, given Pardshaw's long and interesting history and also its important links to the Quaker Youth Movement (through the residential stsys over the year51- This led to the establishment of the Pardshaw Quaker Centre IPQC} CIO (registered charity number 11934761 by a group of dedicated volunteers. Its purpose was to take over responsibility for managing and maintaining the buildings, thereby relievinE CAQM of its considerable liabilities and the costs involved. PQC aims to find a new use and purpose for the buildinglsl whilst having regard to its important history and legacy within the Quaker movement. Negotiations between CAQM and PQC culminated in agreement to enter into a seven-year full repairing/insuring lease agreement with PQC, operative from 1st September 2022 at a peppercorn rent. Dvring 2023, a comprehensive review of the insurance arrangement generally was undertaken across CAQM. A re-valuation of the individual sums insured was carried out and reinstatement values updated accordingly. The insurance poliry was renewed and arrangements made with the provider for a further five-year term. 7 Safeguarding The Link Trustee for safeguarding held variou5 meeting5 Wtth the safeguarding coordinators.

During the year, no reports or questions regarding any safeguarding concerns within CAQM were received. 8 Sustainability The Covid pandemic has resulted in the development of 'blended' meetings which can offer a significant saving in both energy costs and transport, as some choose to meet virtually for worship landlor for business meeting51. Others prefer to attend in person. Keswick Meeting House continues to generate elertricity from its solar panels. Mosedale has an air source heat pump to supplement its more conventional heaters. Carlisle sourtes all its electricity from a 100% renewable supplier and Cockermouth obtains its electricity from a company that uses renewable resources. Sustainability work commenced on the complete re-roofing of ￿Ston Meeting House which included new insulation. More ideas and plans are needed to improve the sustainability of our meeting houses. 9 Future plans At the time of preparing this report ljuly 2025} Local Meetings continue to meet, although the number of members is slightly reducing, due mainly to the older/advanced age profile of the Membership in line with the general decline in interest in faith-based organisations more generally. Bookings by third parties have though largely resumed to pre-covid levels. Whilst the bounce back in bookings post-covid is welcome, LM finances continue to be a cause for concern due to the above factors, coupled with the recent cost of living pressures and 3150 the relatively high upkeep and maintenance costs associated with the meeting houses, such as the proposed re-roofing of Alston MH. De5Plte this. the overall charty ICAQMI has reasonably healthy reserves (though some funds are 'restricted' and therefore only available for specific purposes). Some further minor rationalisation of some of the remaining smaller trusts is intended. The Area Meeting continues to progress the idea of a wider group of area meetings to combine together as a larger group, as has been successfully managed in Wales and is progressing in Scotland. The Trustees are offering their full 5UPPOrt to this initiative. Trustees continue to work on matters that are both spiritual and practical. In the former category. we strive to develop and enrich Quaker ministry and those it touches. In the latter, we strive to discern ways of making our property and premises financially sustainable in the longer term and meeting the aspirations of better sustainability. including working towards becoming carbon neutral. y doing this last we hope to become better able to provide public benefits fit for the 21# century. 10

10 Archives and Records The Custodians of Records intend to work toward achieving an index of all current and archived documents within CAQM. These have been added to the index of records prior to making decisions about records to be lodged with the appropriate County Record Office. This work was delayed by the pandemic. Two Custodians of Records were appointed on the am31gamation of the two previous Ams as it was thought helpful to have people familiar with the past history of both. It is intended to have a single appointment in future, although local government reorganisation has led to some concern over which Record Office will be appropriate to use for the storage of our archives. As before. we continue to get enquiries from people researching family history. These are directed to the relevant Cumbria County Record office. 11 Other Charitable Trusts within the Area Meeting AM Trustees took advantage in 2022 of legislation permitting expenditure lon their objects) of small valLbe endowment funds. thus winding up several small fundsltrusts. Mosedale Local Meeting House was previously a charitable trust in its own right Iregistration number 10917741 along with Penrith Meeting House (which was owned by Strickland Monthlv Meeting Property Trust registration number 23CK)411- In May 2021. the Trustees approved a minute giving both trusts to CAQM. The small amount of remaining funds held by these tharities were transferred to CAQM, but separately identified. The Meeting House at Carli51e is owned by a charity known as The Meeting House and Burial Ground at Carlisle (Ref= L311315351. Thi5 trust was originally set up on 25 February 1748. The charitable trust deed dated 7 October 1967 makes clear that the charity is administered by Carlisle & Holme Monthly Meeting. This trust has therefore been treated as wholly irktegral within CAQM in this report and accounts. Hugh Tickell's Charity (Registration no.2365291 is for the poor of Cumberland. In the recent past, funds have mainly gone to members and attenders. There is, on average, an income of approximately £l,CK4) per annum to distribute. mostly in £l(X) gifts. depending on the number of requests received. The Henry Wright Trust (Charity reg. no. 2S13601 brings together a number of trusts established between 1713 and 1804 for various purposes to support Friend5 of Pardshaw Meeting. It is now used to make grants to individual Friends for general educats.onal purposes or to attend Quaker events and activities.

12 FINANCIAL REVIEW 12.1 Accounts for 2024 The consolidated accounts for CAQM are on pages 15-27. These incorporate the accounts of the Am's general fund, its premises fund la designated reserve fund for the upkeep of meeting houses and burial grounds), the accounts of the Am's constituent meetings and the accounts of restricted and endowments funds of, associated with, or operating within the AM. 12.ii Summary of the main financial figure5 for 2024 There are three main sources of financing the AM and its constituent LMS: Donations and legacies from Friends and attenders totalled £50,2561£46.235 in 20231. Hiring meeting houses land car parking spaces) to other users brought in £44,329 {£33,851 in 20231- Income from investments. including gr055 rent from the investment properties. was £36,6341£28,302 in 20231. Other income in 2024 amounted to £72.CKKJ l£nil in 20231 due to the sale of a property during the year. Total income in 2024 was £203,219 {£108.388 in 20231. Expenditure in 2024 totalled £153,8551£101.451 in 2023). The main elements were: Of expenditure on raising funds, £32.289 was the element of expenditure on meeting houses to enable them to be let1£8,428 in 20231. Expenditure on meeting houses and burial grounds not allocated to raising funds was £59,5921£38,872 in 20231. £12,848 was spent on managing and renowJting investment properties1£8.079 in 20231. Expenditure on activities to practice and promote Quakerism. including giving financial support from area or local meeting funds to Britain Yearly Meetin& Northern Friends Peace Board, Northern Friends Youth Events Trust and other Quaker and non-Quaker organisation5, and grants to individuals from Quaker trusts. was £40,989 1£37.118 in 20231. This expenditure is detailed in Note 8 to the Statement of Financial Activities on page 20. Governance costs for the area meeting were £8.123. A detailed analysis of these is given in Note 8 to the Statement of Financial Activities on page 20. In 2023 these costs were £8,891. No trustees received any remuneration. The value of all funds in and associated with the area Meeting increased by £1,308.474 in 2024 lincrease of £16.484 in 20231- CAQM, with its constituent rneetings. is a membership organisation and all its activities are arranged and carried out by members or those not in formal memberships who choose to associate themselves with the Religious Society of Friends. Consequently the concept of "volunteert as identified in many secular charities las distinct from other classes of persons such as employeesl is neither used nor comprehended within this charity. Asset5 acquired or enhanced of a value under £IO.(KJO are charged to revenue on acquisition. 12

Assets acquired or enhanced of a value of £lO,tKK) or more are capitalised and depreciated over the useful life of the asset. Note 11 to the accounts shows the number of years over which the two assets noted there are depreciated. In summary an analysis of the funds of the area meeting is= 2024 2023 Unrestricted funds of the area meeting or under the management of AM trustees £297,422 £121,481 Ftjnds held within the Revaluation Reserve £1,880,(KJO £0 AM funds designated for a special purpose 1£23.1091 £17.423 Unrestricted funds of Lms (which are required to be treated as designated funds of the AMI £113,393 £112,669 Funds restricted for special purposes of which £25.019 is currently expendable. £25,019 £805,769 Endowed fund5 which cannot be spent., only the income being expendable £258,431 £185,340 Total value of all funds £2,551.156 £1.242,682 *Endowment funds and bequeathed properties. though of value in the accounts, are not redeemable to cash except in special circumstan￿5 and so are not expendable. 12.iii Grant making policy The policy requires grants from restricted funds to be made only in accordance with the criteria in those funds and from unrestricted funds of CAQM or local meetings to be made by minuted decisions of the relevant meeting. Grants shall be made to non-Quaker bodies only where thev are made in pursuance of the area meeting's charitable objectives. 12.iv Investrnent policies In investing furlds CAQM seeks to achieve the best interests of the area meeting and its funds and to comply with the requirements of relevant legislation. Units in commercial investment funds for four trust funds achieved a return of 5.93% on the end of year market price15.85% increase in 20231 which the trustees consider acceptable in the current economic climate. Two properties bequeathed on terms which require named persons to be granted tenancies for life are treated as investments. The accounts reflect a quinquennial revaluation of these propertie5 in 2024 which applied a discount related to the tenant's age to the otherwise open market value assessed by the firm of surveyors managing the properties. 13

12.v FiD.ancial instruTnents policy The charity ha5 finanrial asEpts and liabilitie5 onSv of a kind thèt qualify as b3sic financial instruments. These are initially recognised ai transacrion value and are subsequently measured Iijp 12.vi Rese". ves pulicy rh,p 'i=3." 2019 :: IAJ25 b.2t the trustarS h3d reiiigwod and then revised and adopted a new reserves policy. While trustee5 were aware OT wnat expendable funds were available, it was not clear what reserves could actually be needed. The complicating factor was the meeting house at Keswick. This building had twice been flooded lin 2005 and 20101 and subsequently repaired- as a consequence the insurance company removed cover for any future damage by floodinE. The trustees then considered options for the future Should there be a recurrence of flooding. The wish of members in Keswick was to retain a meeting house in the current location rather than other options such as building elsewhere. In 2023 the TnJstees considered that in view of the resilience measures and other precautions taken after the flood in 2010 sufficient funds needed to be available for possible repairs after a further flood Ilikely as a result of further Global Warming), but that we need not consider the costs of completely rebuilding nor retain reserves necessary to completely rebuild the Meeting House. The revised reserves policy was approved by trustees in November 2020 and adopted by the Area Meeting in January 2021. The full reserves policy. together with the other policies concerning health and safety. etc. is available on the CAQM'S website - see http.'//www.cumberlandquakers.org.uk/ 13 Approval of this report Signed on behalf of the trustees Lesley Smith Clerk to the Trustees Date: I liDI25 14

CUMBERLAND AREA QUAKER MEEfiNG CONSOLIDATED ACCOUNTS FOR 2024 Trustees, responsibilities statement The trustees ère responsible for preparing the Trustees Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting practi￿}. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity and of its incoming resources and its application of resources for that period. In preparing these financial statements the trustees are required to: select suitable accounting policies and apply them consistently: observe the methods and principles in the Charities SORP 2019 IFRS1021,' make judgements and estimates that are reasonably prudent,. state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the area meeting will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the area meeting and its constituent. local meetings and enable them to ensure that the financial statements comply with the Charities Act 2011, the Accounting and Reporting by Charities- Statement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland ISORP 2019- FRS1021 and with the provisions of the area meeting's governing document. The trustees are also responsible for safeguarding the a55ets of the area meeting and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Accounting policies API These accounts have been prepared on the basis of historic cost lexcept for investments shown at market value) in accordance with the Accounting and Reporting by Charities-. Statement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republit of Ireland IFRS102- effective l January 20191 and with the Charities Act 2011. 15

AP2 Contributions, legacies. grants. interest and dividends are treated as income in the year in which they are received. Rents receivable in the year and Gift Aid claimed on ca5ions received in the year are accounted for in the year to which they relate. Other accruals and prepayments have been included in the income and expenditure only where the amounts are significant and their inclusion will give greater clarity- AP3 Support costs (which are mainly the costs of managing and maintaining premises) are allocated between Quaker Artivities and Generating Funds by calculating or estimating the percentage of cost or time a meeting house is used for Quaker activtties and for lettings. AP4 Atting as Agent- Some sums are collected specifically for passing on to other bodies. They do not represent incorne for the area meeting and are Consequently not included in accounting for the income and expendwture of the area meeting. APS Unrestricted funds are freely available for any purpose of the area meeting. Designated funds are unrestricted funds which are set aside for specific purposes, but remain at the discretion of the area meeting. The otherwise unre5trirted funds of local meetings are treated as designated funds of the area meeting in accordance with accounting regulations for charities. AP6 Restricted funds have been earmarked by the donor or testator for certain specific purposes. Endowment funds must have their capital preserved, but the income can be used for the purposes specified by the donor or testator. AP7 Area Meeting Designated Fund5- The Area Meeting Premises Fund ha5 been set aside in order to make provision for future expenditure on maintenance and repair of meeting houses and burial ground5. Disbursements from this fund remain at the discretion of the Area Meeting. AP8 The five constituent local meetings keep their own accounts of the funds raised and held by them. These accounts are separately examined, where necessary, before consolidation into the area meeting accounts. AP9 Area Meeting Restricted Funds-The Carlisle Local Meeting Elders and Overseers Fund and the Cockermouth Personal Crisis Fund are far use at the discretion of the elders andlor overseers of that meetin8 only for certain restricted purposes. They originate from donations given specifically for those purpose5. APIO The Wigton Meeting House Trust arises from the sale of Wigton Meeting House in 2011. The capital is permanently endowed and can be used only for the purchase or building of a meeting house in the Wigton area. Under a scheme from the Charity Commission dated 19 August 2010 it was directed that the capital funds could be invested and the income used for the repair and maintenance of meeting houses within North Cumbria Area Meeting. The income is, since 2015, credited to the Area Meeting Premises Fund. 16

APII Whitehaven Meeting House was sold by auction in October 2015 at a hammer price of £16,5C4). After deducting allowable costs trustees believe that the sum of £13,668 should be treated as endowed. It is expected that the Charity Commission will enatt a scheme whereby the use of the income will be restricted. At present the income is accumulated. AP12 In principle the monies allocated to the Area Meeting Premises Fund from a number of the trust fund5 should be treated as a restricted fund separate from other income of or transfers to the Premises Fund which is a desiEn3ted fund. However, as the outgoings from the Premises Fund in recent year5 and again in 2022 considerably exceeded the endowment income credited to the fund during the same period this restricted income may be treated as spent and the balance of the Premises Fund treated wholly as a designated fund. AP13 Functional properties owned by the area meeting comprise of meeting houses and burial grounds which are held for the furtherance of the area meetin¥s charitable objects. The majority of these properties were acquired or constructed several centuries ago, their historic cost is unknown so they have never been valued for balance sheet purposes. In the opinion of the trustees the cost of professional valuation would not be a justifiable use of charitable funds. Therefore for the requirements of SORP 2019 IFRS 1021 these properties are treated for balance sheet purposes as having a nil valuation. This approach was challenged by the examiner of the 2021 and 2020 accounts. Repair and renovation work to these propertie5 15 financed from funds held a5 reserves and the cost is charged to revenue. Major development work to buildings, and acquisition of equipment costing over £IO.IXKI, are included in the Balance Sheet and depreciated over the estimated life of the asset. Minor work to buildings and acquisition of contents for meeting houses are written off at purchase. The annual running costs and routine maintenance of their particular meeting house is the main financial liability of local meetings. Insurance of buildings and public liability is efferted through either a policy arranged by the local meeting or, in the case of the meeting houses and the burial grounds of the former West Cumbria AQM. through a combined policy with the costs charged to meetings and to the Broughton Evangelical Church on a proportionate basis. AP15 Investment properties are two residential properties left to the Society in 1987 and 1998, each with a tenant to whom the donor granted a tenancy for life. These properties and their trusts are managed by trustees of the area meeting, though in practice by a local Friend and a local manager appointed for that purpose. The values shown in these accounts, which are reviewed annually and revised periodically. recognise the effect of the life tenancies by applying substantial discounts to estimated market values for a sale with vacation possession. Income from the properties is applied first to their management and maintenance and then to an emergency repairs reserve with any surplus being available in accordance with the terms of the donor's will. AP16 Tangible assets held at value in the accounts are held at cost less depreciation annualised over the anticipated life of the asset. See note 11 to the accounts. 17

CUMBERLAND AREA QUAKER MEETING CONSOLIDATED ACCOUNTS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Incomè & end¢)wmefits from: Doftations legacies Ch¥rtaYe xlritses 45235 Other tradin9 actmties Imstments 4179 33,151 7.441 1•.•1 Other • n.•M Tothl Income xi Reconcili81ion of hjnds: Total funds brought forward Total funds carried foThArd 251.5n ￿.70 A5.3* l)q112 2$3.•12 178.ai IX7.n6 25,•19 Xl,431 51,1 251,575 115,341 13JI6M Figures on ihi5 atcourt are Hthduzmy shovm to ihè neare￿ £ N￿eS to this statement are on pages 20-21. These accounts We￿ apwtyed ty the Iwstees on Lesley Smith Clerk to the Tnjstees "chard Parf(eT Area Meeling Tieasurer 18

CUMBERLAND AREA QUAKER MEETING CONSOUDATED ACCOUNTS BALANCE SHEET AT 31 DECEMBER 2024 Fixed Asse￿. Tangl￿e Assels Inyestrnents. 17X li.X5 T8A• 12 12 • f32.• stocts. 5haTes& kn¥estrrontFund 12 • 4,J • 4824J 8ank & BS deg05ts2years LY¢rKKe 12 64.815 14.ln 131.• 216.74 • 75M6 IY.197 Total Itweslments Total fixed a58•ts 12 f.981.7•4 14.843 116.431 I189.9n 43.W 115.JI• 1111.119 14.14J 1K4JI ijrj f1141 115J• CurTeni Asse￿. Det4ors 13 UNRESTAKTKI Rt¥&4w7estr 1.OJl.• AM F￿$ DESW47EOty￿ p UJ.l•5 43.1 17.413 11.423 113. 113. 11160 112.169 • a.• 2S,•19 1 *5.m • a•.431 25B,43f q 11S.Jl• Total fvnds 2￿7.￿5 25.•11 251.4J1 l551156 251.5r$ 115.rn 185.Y• 1341.6 Figures oft this account are indi¥idu31ty showrb to the nearest £ Notes to this statement are on pages 2￿21 These accounts were ap￿￿d by Ihe trustees on Lesley Smith Clerk to the Trustees "chafd Parker AJea Meeting Treasurer 19

CUMBERLAND AREA QUAKER MEETING Notes to the 2024 Consolidated Accounts Nolè Notes to the Statement of Financial Activities FIBies 2 tc 1¢ are CCTr¢nerkS cn rr an&yp SS D., 1stsre5 ￿ Ire staLer￿n15 of FNi&ntl an-'.he a0￿￿ce reQb¥e￿tr.LS O, tt¢ ￿0￿￿?-.: 2 In¢on% Irom dona￿n# s amst entrety fromthose assocotts Wlh the SOC￿ ol rrnds. as educalxinalev￿ts. 2024 S Income Irom Investments Gross rerfal from iivesbwt wowls t4bJents and nteresl frorn slod¥. shares Jnd mvestsrtnl teres¢ frorn lernJewsts fjnd other bnnk b•lJnces 18.$27 16.120 2.505 sa￿ ofPropety Ttstslother 7 ExpÈndityre orb rafving fund•: Expend¢ure on rnL5Mg dollotr)fis kJentsfd costs of bcalffeetrg howes Costs of rnanag￿9 investywt prowt¢s ￿•￿en￿l Totsi expendi￿re on rai•w 65 12.847 45.151 8.079 16.572 Practtt and pron¥)thn of Quakertsm Don8bin5 to 8rta Yearty Kleelmg Donab)nS to other Quakéf ofyhSatKIfts Donat•￿ Dr 5ub5cryIKnsto non-auakerv91n￿tsn￿ Grants to ffldr4¢uab Irom Quokerlnjsts Total expendrture on practice of IJu•kerim Bo￿nce of upkeep oi auaker I￿9 lo￿8eS (not m note Tl Upkeep of Quaker 8uro1 Grnunds ttol hikdtfj kncas￿ Tofal expenditure on propertyiori)thr wrpo Govemafict costs. ts)rr¢rsmg". Tranng fee5 fpr other offKers ofthe 1.785 2.135 9.190 5.877 2,157 1.949 37 118 35.372 2.650 40.989 .231 38.872 1.710 1.913 s.ooJ 3.120 8.123 108.704 2,100 SUbsrw￿nS ond other costs Totsl governance cosi• forthe area meeliThJ Account8ncy and examabjft wort lor kic41 ￿lI19s Tolalgvvemaftce cffjsts 5.786 3.los 8.891 84.881 Sundry Exwdknre 20

CUMBERLAND AREA QUAKER MEETING Notes to the 2024 Consolidated Accounts 10 Tran$f¢fg between funds of Cumberland AQM eomprise: Recbssificatx)n of kl P0￿Ck & D LNersxYge accounts to UTrrestrthd FufHIs Transfer CockerTTrJuth BYI.I contrbutsn paKJ post year end. Transfer Rodway Legacy Local ffeting subs and other payrrtots to AKI Gener81 Fund lal wlhii UnreslrKledl Ke$w￿k Ll.1 costs Pa￿ by IA P0￿Ck 8equest Account Sor panel ban repa￿ lal wthm UnfesiThXedj Rea￿Catsn otTr￿108 ￿terest from Unre3tr#ed to ReS￿led Fund 2024 2023 3.000 28.520 25.000 2.792 Noi Notes to the Balance Sheet 11 Tanoible assets". 2024 2023 Total Cosl At begnn¥ig of year Addthns Less disposa At end of year 13.917 20.000 31917 33.917 13.917 20.00 33.917 33.917 Dtpreciation At beg￿nn9 of year DepreaatDn cknarged ￿ year Less tJ6posa At end ol year 7.257 555 8.4110 400 15,657 9SS 14.702 955 7.812 8.800 16,612 15.657 Ilet book ¥alue a$ at 31 Oecember 2024 6.105 17.305 18.260 Net book ¥a￿e as at 31 DecefflJer2023 11.600 18.280 Years over whth the asset s deprec•ted 12 Inves￿en1$ anaty$ed by type: Meetiig houses and res￿ent￿lI properts at vakn8trJn 2024 1.860.000 2023 622.000 Bunal grounds stocks. $h8res or m¥esfvnt fun¢ts at market pr Nomal investment m a coryrunty housmg assocotsn Terni cash deposts of 1 year Of rrKire Total hjng term mYeslTrnts 20.000 88.232 s.000 216.746 2.189.978 87.123 5.000 212.303 926 426 The Itovses and ￿$￿entAl propertu were vabed by Duncan Yourt9. 1.IA IC8ntsb} MRfS ol klere ConTherc￿l a5 at 31 Decerrer 2024 at open ff•rket vabe at a vakje of £1.86eFfL 13 Oebtors retewa0￿ wthii one yeor represent afix)unts owed li to the h¥e of houses m resoect ot Cartsk LM. Keswtk Lkl and COcern￿uth KLU. and for Gift A•1 in respect ol CockefllK•uth LM. 14 C¥edrtOrn oayabÈ after mie Ih8n one year repre5ert arTh)¥nts owed m the nomMI ujurse ol 8¢twty. tyamety £300 m reL91￿￿ to the Hu9h Tthfs Charty. 21

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ENDOYIMENT FUNDS sTATEmEP￿ OF FINANCIAL ACTIVITIES 2024 CUMBERLAND AREA QUAKER MEETING TOTAL$ SORP Rel Income & endovmients from: A1 Donations and legacies A2 Ch3rrtable actmties AJ Other trading actMtie$ Investmenls Tris 1$ 1K0￿1￿m&s￿ts dassedas A5 Other Total Expendiiure oTr:. 81 Raising Funds sh&re 82 Charitable Actmties &¥)Vtry￿ cosrs 83 Other Totsl 72,tVJ) B4 Net yain51llossesl on iavestmènis Nèi incomellexpendilufe) c Transfers between funds (see nots 101 Other recognised gainslllossesl- Gainslllossesl on revalualion of fixed zssets 02 Other gainslllossesl Net movemeni in fvnds n. rj. Reconciliaiion ol tund$- Tol31 hsnds broughl fo￿ard Total funds carrFÈd forward 5. 258.4Ji 13 ds 242 117,997 ,￿ 49.333 26

Table J ENDOYIMENT FUNDS BALANCE SHEET 2024 CUMBERLAND AREA QUAKER MEETING TOTALS | SOR Fixed Assets-. 5 3ngibl¥ M?sets A4 Irwestments". IrNestrnent Properties stotts. Shares and InvestrnenlFun(ts .nJ 1j7.wl 8ankand 8S teim deposts of2years ormore Total Irhstments 117. IJ. 431 13.EoB 5.433 Totsl fixedassets 431 IV,9>7 Cuneni Asse￿. B2 De￿0 B3 Investments l)em&t5atle5s IIMn3fiK¥knsK¢ic 84 Cash at bank and in hand r4.••b Liabilities: C1 Creditors Arn¥nts fakn9the wthm oneye•r Nel CUFrent a￿￿ orliabilifres YO￿ assets less cuThen¢liabilibes Transfers belween funds lJ.6f8 5.4JJ n••b 49,JJJ C2 Credrtors ￿￿9*￿¢•fter ffw¢th•Tr oTr¢year C3 Prwsions for ljatlalrties Tothl net assets or liabilities 431 IIT,9 13.668 4J.J3J CUM8ERLAND AREA QUAKER MEETING 27

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent examiner's report to the Trustees of Cumberland Area Quaker Meeting Ithe'tharity'l I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2024. Thi5 report is made solely to the charity'5 Trustees. as a body. in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2(X)8. My work has been undertaken so that I might state to the charity's Trustees those matters l am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent perrnitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as 3 body. for my WOTk or for thi5 report. Responsibilities and ba￿$ of report As the Trustees of the charity you are re5ponstble for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the 2011 Act'l. I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Oirection5 given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examiner'5 Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in. any material respect= accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act- or the accounts do not accord with those records.. or the accounts do not complywith the applicable requiremenis concerningthe form and tontent of account5 set out in the Charities (Accounts and Reports) Regulations 2008 other than any reqLSiTement that the accounts give a'true and fair. viewwhich is not a matter considered as part of an independent Èxamination. I have no concerns and have come acr055 no othèr matters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. Karen Rae FCCA. DChA Armstrong Watson LLP Chartered Attountants Date 3cL￿j 2) 28