2023-03-31-accounts

Charity number	Charity number	1172087
Registered	office and	Friends Meeting House
operational	address	6 Mount Street
		Manchester
		M2 5NS
Website		www. manchesterquakers.			org.uk
Trustees		Trustees who served		during the year and up to the date of
		this report were as	follows:
		Malcolm Allum			resigned		31 December 2022
		Linda Burgum			resigned		31 December 2022
		Margaret Calvert
		Christine Camacho
		Valerie Clark			appointed		1 January 2023
		Jeffrey Dean
		Ged Edwards
		Kath Haworth
		Kath Redmond
		Beck Solway			Clerk
		Hilary Tucker			Treasurer
		Ruth Turnock
		Andrew Wood			appointed		1 January 2023
Key management		Sarah Donaldson,	Executive Officer				(until 19June 2023)
personnel		Liz O' Neill, Executive		Officer (from		21 August 2023)
		Caroline Morrison,	Finance Manager				(until 31 May 2022)
		Clare McCann, Internal			Facilities Manager
		David Slater, Operations			Manager	(until 31 December 2022)
		Steve Harrold, Business			Manager	(until 30June 2022)
Nominee for land		Friends Trusts Ltd
		Friends House
		173Euston Road
		London, NW1 2BJ
Nominee for investments		Rathbone Greenbank		Investments
and stockbrokers		10Queen Square
		Bristol, BS14NT
Bankers		Co-operative Bank	pic
		1 Balloon Street
		Manchester, M60 4EP

Location		Property	Type	Insurance	Valuation
				(to nearest	F100)
				March 2023
Central	Manchester	Meetin	House		F7,874,100
Eccles		Meetin	House		E916,100
Sale		Meetin	House		E1,325,400
South Manchester		Meetin	House		E819,300
Warrin	ton	Meetin	House		E1,525,300

					2023	2022
			Restricted	Unrestricted	Total	Total
		Note		F		F
Income from:
Donations and legacies			58,339	55,435	113,774	178,680
Charitable activities			14,583	7,177	21,760	19,677
Other trading activities				666,242	666,242	310,248
Investments				91,624	91,624	54,788
Total income			72,922	820,478	893,400	563,393
Expenditure on:
Raising funds				546,908	546,908	420,831
Charitable activities			78,786	135,767	214,553	173,478
Total expenditure		8	78,786	682,675	761,461	594,309
Net income I(expenditure)	before
losses on investments			(5,864)	137,803	131,939	(30,916)
Net losses on investments		14		(53,686)	(53,686)	(61,144)
Net income I(expenditure)			(5,864)	84,117	78,253	(92,060)
Transfers between funds			520	~520
Net movement in funds		9	(5,344)	83,597	78,253	(92,060)
Reconciliation offunds:
Total funds brought forward			13,608	7,598,143	7,611,751	7,703,811
Total funds carried forward			8,264	7,681,740	7,690,004	7,611,751

As at 31 March		202	3
					The group	The group	The charity	The charity
					2023	2022	2023	2022
				Note		E	f	E
Fixed assets
Tangible assets				13	5,901,210	5,946,084	5,901,210	5,942,155
Investments				14	1,187,745	1,230,498	1,507,745	1,515,498
					7,088,955	7,176,582	7,408,955	7,457,653
Current assets
Debtors				17	132,838	101,451	34,218	20,496
Investments				18	149,330	153,448	149,330	153,448
Cash at bank and		in	hand		426,772	276,059	152,964	179,310
					708,940	530,958	336,512	353,254
Liabilities
Creditors: amounts			falling due within	1 year 19	(107,891)	(95,789)	(36,848)	(24,158)
Net current assets					601,049	435,169	299,664	329,096
Net assets				21	7,690,004	7,611,751	7,708,619	7,786,749
Funds				22
Restricted funds					8,264	13,608	8,264	13,608
Unrestricted funds:
Designated	funds				851,935	856,491	851,935	856,491
Revaluation		reserve			2,336,894	2,466,859	2,336,894	2,466,859
General funds					4,492,911	4,274,793	4,511,526	4,449,791
Total charity funds					7,690,004	7,611,751	7,708,619	7,786,749

				2023	2022
					E
Cash used in operating activities:
Net movement in funds				78,253	(92,060)
Adjustments for:
Depreciation charges				44,874	47,228
Losses on investments				53,686	61,144
Dividends, interest and rents from investments				(91,624)	(54,788)
Increase in debtors				(31,387)	(38,599)
Increase in creditors				12,102	19,961
Net cash provided by I (used in) operating			activities	65,904	(57,114)
Cash flows from investing	activities:
Dividends, interest and rents from investments				91,624	54,788
Transfer of opening cash in	investments				7,572
Proceeds from the sale of investments				91,292	61,947
Purchase of investments				(102,225)	(53,552)
Net cash provided by investing activities				80,691	70,755
Increase in cash and cash	equivalents	in	the year	146,595	13,641
Cash and cash equivalents	at the beginning		ofthe year	429,507	415,866
Cash and cash equivalents	at the end	of	the year	576,102	429,507
Cash and cash equivalents	comprises:
Cash at bank and in hand				426,772	276,059
Cash held in current asset investments				149,330	153,448
Cash and cash equivalents	at the end	of	the year	576,102	429,507

Prior period comparatives: statement off	inancial activities
			2022
	Restdcted	Unrestricted	Total
		F
Income from:
Donations and legacies	41,210	137,470	178,680
Charitable activities	17,460	2,217	19,677
Other trading activities		310,248	310,248
Investments		54,788	54,788
Total income	58,670	504,723	563,393
Expenditure on:
Raising funds		420,831	420,831
Charitable activities	54,414	119,064	173,478
Total expenditure	54,414	539,895	594,309
Net income I(expenditure)
before losses on investments	4,256	(35,172)	(30,916)
Net losses on investments		~61,144	~61,144
Net income I(expenditure)	4,256	(96,316)	(92,060)
Transfers between funds	2,267	(2,267)
Net movement in funds	6,523	(98,583)	(92,060)

3.	Income from donations an	d l	egacies
							2023
					Restdcted	Unrestricted	Total
						F
	Collections and other donations				55,610	41,989	97,599
	Donations to local meetings	and	summer	school	2,729	13,446	16,175
	Total income from donations		and legacies		58,339	55,435	113,774
	Prior period comparative:
							2022
					Restricted	Unrestricted	Total
						E
	Collections and other donations				41,210	44,326	85,536
	Donations to local meetings	and	summer	school		12,377	12,377
	Covid support grants					80,767	80,767
	Total income from donations		and legacies		41,210	137,470	178,680
4.	Income from charitable activities
							2023
					Restricted	Unrestricted F	Totalf
	Listed Places ofWorship grants					4,036	4,036
	Residential income				14,583	3,141	17,724
	Total income from charitable		activities		14,583	7,177	21,760
	Prior period comparative:
							2022
					Restricted	Unrestricted	Total
						E
	Listed Places ofWorship grants					1,657	1,657
	Residential income				17,460	560	18,020
	Total income from charitable		activities		17,460	2,217	19,677

				2023	2022
				Totalf	Total
Lettings and other subsidiary		trading	income	666,242	310,248
All income from trading	activities was		unrestricted	in the current and prior years.

Income from investmen	ts
		2023	2022
		Totalf	Total
Dividends and interest		12,839	12,166
Income from investment	properties	78,785	42,622
Total income from investments		91,624	54,788

Total expenditure
						Support and
				Raising	Charitable	governance
				funds	activities	costs	2023 Total
				F	F
Salary costs (including		subsidiary)
(note 10)				252,085		57,841	309,926
Investment management		costs		5,528			5,528
Subsidiary trading costs				285,368			285,368
Grants payable (note 11)					44,004		44,004
Local meetings and	summer		school
expenditure					39,590		39,590
Other direct costs					15		15
Property costs						18,615	18,615
Depreciation				3,927		40,947	44,874
Office and admin costs						1,229	1,229
Staff travel, training	and	recruitment				2,868	2,868
Governance costs						9,444	9,444
Sub-total				546,908	83,609	130,944	761,461
Allocation ofsupport	and
governance costs					130,944	(130,944)
Total expenditure				546,908	214,553		761,461
Prior period comparative						Support and
				Raising	Charitable	governance
				funds	activities	costs	2022 Total
				F	F	E	E
Salary costs (including		subsidiary)
(note 10)				248,036		41,446	289,482
Investment management		costs		6,075			6,075
Subsidiary trading costs				162,436			162,436
Grants payable (note 11)					40,351		40,351
Local meetings and	summer		school
expenditure					27,865		27,865
Other direct costs					10		10
Property costs						10,355	10,355
Depreciation				4,284		42,944	47,228
Office and admin costs						1,166	1,166
Staff travel, training	and	recruitment				470	470
Governance costs						8,871	8,871
Sub-total				420,831	68,226	105,252	594,309
Allocation ofsupport governance costs	and				105,252	~105,252
Total expenditure				420,831	173,478		594,309

				2023f	2022
Depreciation				44,874	47,228
Operating	lease payments			657	657
Trustees'	remuneration			Nil	Nil
Trustees'	reimbursed	expenses		28	40
Auditors'	remuneration	(excluding	VAT):
	~ Statutory	audit and accounts preparation		10,300	8,200
	~ Other services			300	300

Staff costs and numbers Staff costs were as follows:
	2023	2022
	F	E
Salaries and wages	274,886	256,528
Social security costs	16,344	14,124
Pension costs	18,696	18,830
	309,926	289,482

(2022:F	110,685	).
				2023	2023	2022	2022
				No.	FTE	No.	FTE
Average	number	of	employees	15		18	13

Grants making activities Total grants committed to during the year were as follows:
	2023f	2022
Britain Yearly Meeting	35,160	32,218
Northern Friends Peace Board	1,800	1,929
Grants via Quaker Work Fund	2,534	1,500
Refugee and asylum seekers	1,595
Small Grants and Donations	2,915	4,704
Total grants payable to institutions	44,004	40,351

	donates available profits to the parent charity unde	r the gift aid scheme.
13.	Tangible fixed assets
	Group	Land and	Furniture	and
		buildings	equipment		Total
		E
	Cost
	At 1 April 2022 and 31 March 2023	6,260,000	221,433		6,481,433
	Depreciation
	At 1 April 2022	322,125	213,224		535,349
	Charge for the year	38,500		6,374	44,874
	At 31 March 2023	360,625	219,598		580,223
	Net book value
	At 31 March 2023	5,899,375		1,835	5,901,210
	At 31 March 2022	5,937,875		8,209	5,946,084

Not	es to the financial statements
For	the ear ended 31 March 2023
13.	Tangible fixed assets (continued)
	Charity	Land and	Furniture	and
		buildings	equipment		Total
	Cost
	At 1 April 2022 and 31 March 2023	6,260,000	165,750		6,425,750
	Depreciation
	At 1 April 2022	322,125	161,470		483,595
	Charge for the year	38,500		2,445	40,945
	At 31 March 2023	360,625	163,915		524,540
	Net book value
	At 31 March 2023	5,899,375		1,835	5,901,210
	At 31 March 2022	5,937,875		4,280	5,942,155

the results oft	he subsidiary are shown	below:
		2023	2022
		K	E
Turnover		744,985	352,647
Gross profit		744,985	352,647
Administrative	expenses	(576,381)	(414,754)
Other operating	income	44	80,984
Operating profit		168,648	18,877
Interest receivable Interest payable		~12,265	6 ~5,798
Profit for financial year		156,383	13,087
The aggregate	ofthe assets, liabilities	and funds was:
		2023	2022
			E
Assets		372,429	181,635
Liabilities		(391,044)	(356,633)
Funds		~18,615	~174,998
Parent charity
The parent charity's gross income and		the results for the year are disclosed as follows:
		2023f	2022 F
Gross income Results for the	year	215,638 ~78,129	135,552 ~195,147

17.	Debtors
							The group		The charity
							2023	2022	2023	2022
										F
	Accrued income						28,559	23,393	25,335	20,186
	Trade debtors						86,273	70,025	176
	Prepayments						18,006	8,033	8,707	310
							132,838	101,451	34,218	20,496
18.	Current asset investments
							The group		The charity
							2023f	2022 E	2023 f	2022
	Cash held	in deposit		accounts			134,254	132,692	134,254	132,692
	Cash held	in investment			portfolio		15,076	20,756	15,076	20,756
							149,330	153,448	149,330	153,448
19.	Creditors: amounts			due within		1 year
							The group		The charity
							2023f	2022 E	2023 f	2022
	Trade creditors						16,130	21,452	9,016	2,975
	Accruals						51,253	46,507	27,832	20,873
	VAT liability						10,228	5,484
	Deferred	income	(note 20)				28,192	22,346		310
	Other creditors						2,088
							107,891	95,789	36,848	24,158
20.	Deferred	income
							The group		The charity
							2023	2022	2023	2022
							f	E		F
	At 1 April	2022					22,346	9,503	310
	Deferred Released	during the during the		year year			28,192 22,346 ~22,346 ~9,503		~310	310
	At 31 March 2023						28,192	22,346		310

Analysis of net assets betwee	n funds
	Restricted	Designated	Revaluation	General	Total
	funds	funds	reserve	funds	funds
		F
Tangible fixed assets			2,126,067	3,775,143	5,901,210
Investments		851,935	210,827	124,983	1,187,745
Net current assets	8,264			592,785	601,049
Net assets at 31 March 2023	8,264	851,935	2,336,894	4,492,911	7,690,004

Prior year comparative	Restricted	Designated	Revaluation	General	Total
	funds	funds	reserve	funds	funds
		P
Tangible fixed assets			2,227,502	3,718,582	5,946,084
Investments		856,491	239,357	134,650	1,230,498
Net current assets	13,608			421,561	435,169
Net assets at 31 March 2022	13,608	856,491	2,466,859	4,274,793	7,611,751

Movements in funds
					Transfers
	At 1 April				between	At 31 March
	2022 E	Income	Expenditure F	Losses E	funds	2023f
Restricted funds
Contributions small
groups		5,536	(5,392)			144
Contributions BYM		35,299	(35,299)
Winifred Locke legacy	473		(288)			185
Ditton Trust	5,622					5,622
Refugees and asylum
seekers	995	918	(1,595)			318
Bursary fund	172		(172)
Summer School fund	6,346	14,583	(21,449)		520
Restricted Local Meeting
accounts		16,586	14,591			1,995
Total restricted funds	13,608	72,922	(78,786)		520	8,264
Unrestricted funds
Designated funds:
Sinking funds for
maintenance	616,588					616,588
Cost contingency	191,000					191,000
Legacies funds	25,369	1,000	(2,202)			24,167
Quaker work fund Local meeting accounts	11,864 11,670	2,729	(2,534) ~3,549			9,330 10,850
Total designated funds	856,491	3,729	(8,285)			851,935
General funds	4,274,793	816,749	(660,515)	(53,686)	115,570	4,492,911
Revaluation reserve	2,466,859		(13,875)	-	(116,090)	2,336,894
Total unrestricted funds	7,598,143	82D,478	~682,675	~53,686	~52D	7,681,74D
Total funds	7,611,751	893,400	(761,461)	(53,686)		7,690,004

For	the ear ende	d 31 March 2023	d 31 March 2023
22.	Movements	in funds (continued)
	Purposes of	restricted	funds
	Contributions	small	For contributions to other Quaker connected			charities.
	groups
	Contributions	BYM	For contributions to the Britain Yearly Meeting.
	Winifred Locke legacy		For assistance to		attend conferences	aimed			at	spiritual		development,
			particularly	for young	people, including a residential				Yearly		Meeting.
	Ditton Trust		For the Warrington		Meeting, for the relief		of		the	necessitous			poor,	the
			assistance	of Friends	in need and the education			of	children		of Friends.
	Refugees and asylum		To support	work with	refugees and asylum seekers.
	seekers
	Bursary fund		To provide	bursaries	for education.
	Summer school fund		Monies for	the running	costs of Friends' Summer			School.
	Restricted Local Meeting		Monies for	the running	costs of local meeting	houses.
	accounts
	Purposes of	designated	funds
	Sinking funds	for	Reserves	set aside	for payment of substantial				or	unplanned		maintenance
	maintenance		expenses.
	Cost contingency		Reserves	set aside	to cover short-term excess of expenditure							over income
			and to cover all potential redundancy costs.
	Legacies funds		Monies donated in the form of legacies.
	Quaker work	fund	For the giving ofgrants to worthy causes.
	Local meeting	accounts	Monies held for local		use.

For	the ear ended 31 March 2023	the ear ended 31 March 2023
22.	Movements in funds (continued)
	Prior year comparative					Transfers
		At 1 April				between	At 31 March
		2021	Income	Expenditure	Losses	funds	2022
			F			F	F
	Restricted funds
	Contributions small
	groups		8,434	(8,434)
	Contributions BYM		32,218	(32,218)
	Winifred Locke legacy	473					473
	Ditton Trust	5,990		(368)			5,622
	Refugees and asylum
	seekers	450	545				995
	DSEI funds		13	(172)		159
	Bursary fund Summer School fund	172	17,460	~13,222		2,108	172 6,346
	Total restricted funds	7.085	58.670	~54.414		2,267	13,608
	Unrestricted funds
	Designated funds:
	Sinking fund for
	maintenance	616,588					616,588
	Cost contingency	191,000					191,000
	Legacies funds	24,369	1,000				25,369
	Quaker work fund	8,864		(1,500)		4,500	11,864
	Local Meeting accounts Summer school	13,922 2,108	12,937	(14,977)		(212) ~2, 108	11,670
	Total designated funds	856,851	13,937	(16,477)		2,180	856,491
	General funds Revaluation reserve	4,366,850 2,473,025	490,786	(523,418)	(54,978) ~6,166	(4,447)	4,274,793 2,466,859
		6839875	49D,786	~523,418	~61,144	~4,447	6,741,652
	Total unrestricted funds	7,696,726	5D4,723	~539,895	~61,144	~2,267	7,598,143
	Total funds	7,703,811	563,393	(594,309)	(61,144)		7,611,751