## ## ## |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| ## ## ## ## ## ##