Northamptonshlr8 Area Quaker Meetlng of tho Religious Soclety of Frlends (Quaker8) In Brltaln (Registered charfty. number 1180217) Financial statements for the year endod 31 De¢8mbor 2024 Page Contents Trustees annual report Independent examiners report Receipts and Payments account ststement of assets and liabiLities Notes on accounts 9-11
Northampton8hire Aroa Quakor Meoting of the Rellglous Soclety of Frlends (Quakers) In Brlta5n Trustees, Annual Report for the year ended 31 December 2024 Full norne: Northamptonshire Area Quaker Meeting of the Reugious Societyof Friends (Quakers) In Britain Other names by whl¢h the ¢harlty Is known: Northamptonshire Area Meetlng Organlsatlon type: Charitable incorporated organisation Registered charlty number. 1180217 Prfnclpaladdress: Quaker Meeting House, Wellington Street. Northampton, NN13AS Tru8t8è8 at 31rt December 2024 0188eni ALaka - Tre8$urerfiDml*July2025 P8uI Bertln Patrick Braithwaite Annette Candy Andrew Halliwell- Tre8sumruntil IPJuly2025 Elizabeth Rees reslgned 31"C>e¢ember2024 John Theodore Sturge - C18rkto frustees fmm 1"January2025 Indépondont OX8mln•r Howard N Sanderson Accountancy Compliance Solutions (UK) Lirnited, 1 EndcliffeAvenue. Scunthorpe. North LincoLnshire, DN17 2RB Governance and monagomenl The Charity is operated under the rules of its constitution adopted 0511012018. Trustees are appointed for a period ofthreeyears bythe Area Meetingfoliowing nomination by its Nominations Committee. Bu8ines8 meetings within the Society are conducted as"Meeting forworshlp for Church Affairs" in which there is novoting.. the Clert is a servantof the meeting and the minut88 are agreed at each meeting. Membership ofthesocigty of Frignd8 is held within the Area Meeting.
Northamptonshire Area Quaker Meeting of th8 Reiiglous Soclety of Frlends (Quakers) In Brftaln Objoctlvos and activltios The object of Northamptonshire e8 Meeting 18 the furtherance of the gener8l r81igious and charitable purposes of the Religious Society of Friends (Quakers) in Brltaln In Northamptonshlre Area Meeting and beyond. Summary of the maln actlvltles undertaken forthe pubuc b8neflt The Area Meeting en8ure8the right holdingof public rnegtings forworship, and régular meetings for church affairs in e8ch of the constituent m8etings- Kettering, Northampton and Weiilngborough. The Area Meetlng supports Qu8k8rwltn8SS through its public meetings for Yr$h[p. and 8UPPOrt8 social projects for the relief of poverty and suffering as well as witness for peace and reconciliation, both withTn tts own geographical area and more widely through the work of Britsin Yearly Meeting of the Religious society ol Friends. Northamptonshlr8 Area Meetlng is one of seventy area meetings of the Religious Society of Frlends IQu8kersl in England. Wales and Seotiand. Contributlons, don8tlons, legacies. income raised from the use ofthe property by othercharitable 8nd nonprofit makingo¢anisations. and interest received are used on deepening and sharing our Spiritual experience and acts that arise from ourfaith. We support Vrk for peaGe, Justlce, a sustalnable envlronment. the aLlevlatlon of 8ufferlng and vlctlm8 of oppression. Our local meetings for worship are open to allwith no tests, and membership of the Societyis open to anyone seekingtruth. Publlc beneflt ststomont The Trustees conflrm that they have complied with the duty in Section 17 of the Chariti98 Act 2011 to have due regard to the Charity Commission's generaiguidanc8 on publlc benefit. 'Cha¥ities and Public Benefit. Summary of the main achievemènts duringthe porfod Northampton local meeting has continued to work on maklng blended meetingwork effectively as a permanentfeatureto extend worshipface toface and on-line m8eting together. The Meetings have contlnued to support the work of NDAS, Ioc8l refugees and have provided a Quaker Kitchen in Weliingborough. Flnanclal revlew The total liquid funds 8V8iL8ble to the Are8 Meeting r8m8in stable, at about £371.000: held between Area Meeting. and rts Local Meetings. The trustees consider this to be sufficlentto meet the anticipated demands of the Are8 Meetin& which includes the upkeèp ofthree Mature Meeting Houses. Each localmeeting has its own ireasurer. the Ioc81 meotingaccounts being consolidated each yearwithin ihose ofth8 Area Meeting. The three Meeting Houses are not shown as a fixed asset in the accounts. 8s they are
Northamptonshlre Area Quaker Meetlng of the Rellglous Soclety of Frlends (Quakers) In Brltaln functional properties and there is no intentlon to sell them. Buildings are Insured for £3,345,000 in total. Additionally, the Area Meeting own8 two investrnent properties. Both are currontly leased to Northampton Domestic Abuse Service as refuge house5 and are in3uredfor £490,000 in totaL The income from rents is Used forgeneral purposes. It should be noted that 8lthough iabelled as investment properties. the provislon of th8setwo Refugg Houses is undertaken primarily a8 a me8n8 of providing8 80Ci8IIy Sustainable use for Capitsl Assets of the Ar80 Meeting and 18 not Managed on profit maximisation principle8. The rènt of thè inv88tmgnt properties provides some income, but the majority of income within the Area Meeting come from the contributions of members and attenders. and from the hiring of the Meeting Houses to other groups. Matching expenditure and Income rem8lned challenging in a time of high inftation and fairly static income streams, butthe Area Meeting Cash Flow as a whole was able to grow by about £9,000 in 2024. Hiring revenu88 remain below pre-pandemi¢ level8. but are slowly recovering. Member contributions remain broadly flat. Offset again8t this is th8 impact of rising inflation, which puts pressure8 on costs. ReseNes remain at a comfortable levelfor now, with i)verall Gash flow3 positive in 2024. However. inGome and expenditure will need to be carefully managed to prevent an entrenched structural deficit from developlng. The three Meetlng Houses 8re of an age that require ongoin& substantial renovation to ensure their proper upkeep. The comblnation of subst8ntial cash and investment assets and reguiarcontribution income provide strong ri8k protection againstvariable hiring income and ongoing upkeep cost8 of malntalnlnglls 3 Meetlng Houses. The long-term viability of The Area Meetlng ultlmately rests on malntalnlng fts membershlp at a vlable level In the decades and conturies to come, as existing local meetings grow or dects'ne, and new local meetings arise. The Funds of the Area Meeting and tts constituent Local Meeting8 are not cumuLatively al current risk of running into deficit. The option and facility exist to transfer funds from one fund to anotherwithin the Area Meetlngwhere required. Ultimatelythe contribution3 Of m8mb8rs have 8lw8ys remoinBd the core me8ns of malntainingthe liquidityof thBArea Meeting and have remaln8d responsiveloth8 needs oftheArea Meeting. The charlty's pollcy on resems. Local Meeting8 have theirown Reserves Policy. Northampton Local Meeting implemented a reserves pollcy in 2015. Kettering Local Meetingimplemented thelrs In 2017; Wellingborough Local Meeting adopted theirs in July 2020.
Northamptonshire Area Quaker Meeting of the Religious Soclety of Friends (Quaker$) In Brltaln Are8 Meeting does not currently have a separate formal reserves poilcy, but in practice maintains 8 r&seNe sufficienrto enable itto undertake thefoiiowingyear's expenditure a8 well as to respond to unforeseen needs, both for property restoration and ongoingsupportforthe concems supported bymemb8rs of the Me8tlng.To this end rolling budget is maintained and fweyearlysurveys ofthe propertles are carried out. Whilst Local Meetings paythe costs foreveryday repairs and maintenancetheArea Meeting itself 8ssumes the responsibiiitylor the renovation works on the Meeting Houses: accordlngiy. a core and ongoingpriorityofArea Meeting i8to ensure there are sufflclent reserves ataiitimes to COVgrsuGh c05tswlthln the Building Fund. Annual Contrlbutionslrom Localmeetingstothe Building Fund areto en8ure the Bulldlng Fund remains healthy. A quinquennial surveywas conducted in 2024 and work needed on the M88ting Hou8e8 Is In progress. Signed on behalf of the charitvs Trustees: Signed: Dated: 11 Th80 Sturga Clerk to the Trustses
North•mptoMhlrnAr•• Qu•k•r MMlln4 D•eKbor2024. Inq¢e•rdaneatAthth• rnwlr•m•nt8rtlh Chltl••P4t2011 l¥•wtln r••p•¢tol ¢•iryln¥o rnyex4mwiionl h44vfDiIMdith••pp¥c•bl•D*KloMikYntyth•Ch•rfty Comml#h>ftund8riaciion 14qSMbl olthBA th• A¢r. ry rna¢h•¢L 17 10
Northamptonshire Area Quaker Meeting of the Rellglous Soclety of Frlends (Quakers) In Brltaln Recelpts & payrnents accoum forthe year ended 31 December 2024 Lkn105trlcl Fynd$ &570 EbWm•nI Funds TOtaFd$ ToiFuThds Recol Bank intsre5t Cblle¢tiofis&O)nirfbullons Oonation5 and yants recd caftald Giftaid'.Intuest Hie ol meefjng rooms Other Mlscelilneous InMme Rents recel S570 2L9r8 Totairtt•lpts 74S3 Paymont&' Donalontti BYM GoVnarKe¢0Sts InioThaltran5ferfromAM Inwn8itrarTrsfertoAM Lifeofmeets"n8¢0Sts Misedthneou9 Epeftses 0mcwera1AllrnlnlStraiEwd1Wres OPWtyCOSts &ndrybpenye 133) Z879 17.457 17. T4)talpwrn•nts P4•t r•ulpNpwrnwntsl C45h fund$ atstsrtof Ihls peifjod Qa$lJ fund$ * end ol thls pothd
Northamptonshlre Area Quakor Meetlng ot the Religious Soclety of Frlends (Quakers) In Brltaln Statement of Assets and Llabllltles at 31 December 2024 Unrestrfeted Funds Restrl¢t¢d nds Endent Funds Totsl Funds Total Funds Propertle$- F¢lIonaI * Kèttering Welllnetrf)rou Northampton i.W.220 L248,207 42W U60N76 ' functionalpropetycompfiskngof three localme8tknghouses- shown atinsuredvalues Propertles. thwestments atcost Ketterlng House WellingborouO) House I& ,164 iTro 175,tKKJ Cash assets 8anka¢counts less Monles held a$ agent .391 11,4491 Other asset$ Insurance prepayment Uablutles Legal and professlonal fees Monies held as agent Iw) IW9) {1,4491 iuji These flnancial statements are accepted on behalf of tho charity by. Signed: Dated: 11 0 kndrew HaUiwaU-Trustg0
Northamptonshire Area Quaker Meeting of the Rellglous Society of Frlends (Quakers) In Brltaln Notes to the accounts 1. R•c•lpts & paym•nt¥ ac¢ount$ Receipts and payment8 accounts contain a summary of money re¢eived and money 8p8nt during the period and a list of assets and tiabilities atthe end ofihe period. Usually, cash received, and cash 8pentwill includetransactionsthrough bankaccounts and cash in hand. 2. Notej to the accounts T•W Fui Totsl Funds Fun 2a.CollecllMslCortrllyJll¢ns R¢¢W" C•tlxOonsforAasA O)ntribubons OtherMlJ4Uan•ous htc•m•: oth Income Quakts ath¥ide5 514 S)lar paneisbl74H UnrAtegorise(S Income 10 BaTbk¢harg¢s eookkttping LtYl&k¥0fonO1le¢s 74 I8 tll•ol Thiollnicosts: L743 Jqs and hrIp¥On$ 410 itbrary Meaisand enrralnment Othet paw))ents Posiage& safegu2[n¥ W•bsiie&SM 145 17A57
Northamptonshlre Area Quaker Meetlng of the Rellglous Society of Frlends (Quakers) In Brftaln Totalnts Yoi&Funds Fur Fund¥ 32.PropBrtycost¥ 7A44 GBrden EqpMl4fid Malntsian &8T2 Insurances KI1thATrd Caieilr MalorP4al norPrfo11S 74 7.xl 7,761 Fteru$•OND Fpalrs&MaInthnat UbUlle5 f*neral UU1IUBrQ•b8ThJ es.'Bthtity LWlllJe&Gas 4n4 4n4 3. Restrlctod Funds summary R•rnlpts Cioslni BBlarKo The Gr8V8ly Legacy is 8 restricted ftjnd to finance 7•W)rk in the annexe (Communty Room}, g8rd8n and meeting house in Welilngborough- The transfers from the Local Meetlng funds to the Area Buildingfund reflectthe quotas charged to the Local Meetings. io
Northamptonshlre Area Quaker Meeting of the Religlous Soclety of Frfend8 (Quakers) In Brltaon 4. Endowmont funds 8nalysl• The following Endowm8nt funds are held as part of the Kettering Investment propety: Betty Desborough fund Kingsthorpe Land Ac¢umulakd Income Klngsthorpe Land Capitsl Land at Old Accumulated Income land at Old Qpital Illam thyAccLFmulated Income Wtlllam DryQpitsl Woodlord aoseAccumuia*d Income Woo(fford aose Capitsl The Area Meetlng holds wlthln its assets The Betty Desborough Fund. a legacy given specifically forthe purpo3e3 of Outreach Work and is thus held and used byth8Area Meetingas a restrictèd fund forthls purpose. Its current size is £50,000 or 25% 01 anyfuture sale proceeds ofthe Kettering investment property, whichevèr is the greater. Note, the Betty Desborough Fund is currently invested within the Kettering property th8t Is rented out; and that In the event of that prop8ty's sale the receipts would be returned to the fund proportionatelyto its orional stake. Trustees have utili8ed en accounting convention of dividing its {unrestsi¢tedl funds beeen the General Fund, and a Building Fund. The 8uildingfund is designed to provide a sufficient pot of moniesto be used over a 5-year cycle forthe pre3ep4ation in good Condition ofthe 3 Meeting Houses that il owns. topped up each year through contributions from the local meetlngs. Note th8t everyday m8inten8n¢e and repairs are paid for by the local meetings directly. 5. TfU8ts•s' remuneration Tru3t898 recelved no expenses. remuneration or benefits in thls period. li