| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 6 | |
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ||||
| Notes to the Financial Statements | 10 | to | 23 | |
| Detailed Statement ofFinancial Activities | 24 | to | 25 |
| REFERENCE AND ADMINISTRATIVE | REFERENCE AND ADMINISTRATIVE | REFERENCE AND ADMINISTRATIVE | DETAILS |
|---|---|---|---|
| Investment | Advisors | ||
| Ethical Investors | Group | ||
| Montpellier | House | ||
| 47 Rodney | Road | ||
| Cheltenham | |||
| GL50 IHX | |||
| Holding Trustee | |||
| Friends Trusts Limited | |||
| Friends House | |||
| 173Euston | Road | ||
| London | |||
| NWI 2BJ | |||
| (Registered | Charity 237698) |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
96,743 | 8,000 | 104,743 | 349,035 | ||
| Other trading activities Investment income |
65,596 49,597 |
964 | 65,596 50,561 |
23,806 49,374 |
||
| Other income | 41,051 | 41,051 | 38,454 | |||
| Total | 252,987 | 8,964 | 261,951 | 460,669 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 88,170 | 88,170 | 86,892 | |||
| Charitable activities |
||||||
| Quaker activities | 254,173 | 39,069 | 293,242 | 215,920 | ||
| Total | 342,343 | 39,069 | 381,412 | 302,812 | ||
| Net gains/(losses) on investments |
~115,920) | ~37,241) | ~153,)61) | 100,833 | ||
| NET INCOME/(EXPENDITURE) | (205,276) | (67,346) | (272,622) | 258,690 | ||
| Transfers between funds |
19 | 22,354 | ~22,354) | |||
| Other recognised gains/(losses) Gains on revaluation offixed assets |
15 | 42 000 | 42,000 | 16,500 | ||
| Net movement in funds |
(140,922) | (89,700) | (230,622) | 275,190 | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward |
2,743,590 | 229,044 | 2,972,634 | 2,697,444 | ||
| TOTAL FUNDS CARRIED FORWARD | 2,602,668 | 139,344 | 2,742,012 | 2,972,634 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 14 | 12,214 | 12,214 | ||
| Investments | |||||
| Investments | 15 | 807,669 | 131,459 | 939,128 | 1,109,361 |
| Investment property |
16 | 1,043,900 | 1,043,900 | 1,001,900 | |
| 1,863,783 | 131,459 | 1,995,242 | 2,111,261 | ||
| CURRENT ASSETS | |||||
| Debtors | 17 | 40,102 | 40,102 | 41,408 | |
| Cash at bank | 730,881 | 7,885 | 738,766 | 831,449 | |
| 770,983 | 7,885 | 778,868 | 872,857 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
18 | (32,098) | (32,098) | (11,484) | |
| NET CURRENT ASSETS | 738,885 | 7,885 | 746,770 | 861,373 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 2,602,668 | 139,344 | 2,742,012 | 2,972,634 | |
| NET ASSETS | 2,602,668 | 139,344 | 2,742,012 | 2,972,634 | |
| FUNDS | 19 | ||||
| Unrestricted funds |
2,602,668 | 2,743,590 | |||
| Restricted funds | 139,344 | 229,044 | |||
| TOTAL FUNDS | 2742,012 | 2,972,634 |
| Alderney | Guernsey | Portsmouth |
|---|---|---|
| Alton | Isle ofWight | Southampton |
| Andover | Jersey | Winchester |
| Basingstoke |
| DONATIONS AND |
LEGAC | IES | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Donations (Inc. gift aid) | 104,543 | 107,855 | |||
| Legacies &gifts | 200 | 241 180 | |||
| 104,743 | 349,035 | ||||
| 3. | OTHER TRADING | ACTIVITIES | |||
| 2022 | 2021 | ||||
| Meeting house hirings | 45,074 | 21,355 | |||
| Other income (lnc. Residential | Weekends) | 20,522 | 2,084 | ||
| Miscellaneous income |
367 | ||||
| 65,596 | 23,806 | ||||
| 4. | INVESTMENT INCOME | ||||
| 2022 | 2021 | ||||
| Rents received | 41,867 | 45,350 | |||
| Interest ÷nds | received | 8,694 | 4,024 | ||
| 50,561 | 49,374 | ||||
| 5. | OTHER INCOME | ||||
| 2022 | 2021 | ||||
| Housing project rent |
41,051 | 38,454 |
| 6. | RAISING FUNDS | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Investment management costs |
2022 | 2021 | |||||||
| Wages Letting agents fees Maintenance to investment |
properties | 12,710 5,356 8,628 |
11,724 8,815 6,705 |
||||||
| Insurance | 3,510 | 3,270 | |||||||
| Repairs &maintenance costs Utilities |
28,236 14,407 |
19,955 8,278 |
|||||||
| Independent examiner fee Bookkeeping fees Administration costs |
2,328 911 3,811 |
14,808 2,075 782 |
|||||||
| Meeting House improvement Burial grounds Rent |
project | 6,477 1,796 |
5,783 2,405 2,292 |
||||||
| ~88 170 | ~86 892 | ||||||||
| 7. | CHARITABLE ACTIVITIES | COSTS | |||||||
| Grant | |||||||||
| funding of | |||||||||
| Direct | activities | Support | |||||||
| Costs (see | (see note | costs (see | |||||||
| note 8) | 9) | note 10) | Totals | ||||||
| Quaker Activities | 18,799 | 163,163 | 111,280 | 293,242 | |||||
| 8. | DIRECT COSTS OF CHARITABLE | ACTIVITIES | |||||||
| 2022 | 2021 | ||||||||
| Training and conferences |
1,934 | 2,023 | |||||||
| Meeting attendances Printing, postage & stationery Outreach |
105 883 1,563 |
2,390 2,081 |
|||||||
| Meeting support costs (Inc. Residential Administration |
Weekend) | 2,503 5,388 |
324 3,570 |
||||||
| Room and equipment hire |
6,423 | ||||||||
| 18,799 | 10,388 | ||||||||
| 9. | GRANTS PAYABLE | ||||||||
| 2022 | 2021 | ||||||||
| Quaker Activities | 163,163 | 98,467 | |||||||
| The total grants paid to institutions | during the year | was as follows: | 2022 | 2021 | |||||
| BYM Contribution | 53,492 | 44,695 | |||||||
| Other Donations - Quaker |
charities | 5,321 | 11,135 | ||||||
| Other Donations —non-Quaker |
charities | 79,143 | 20,395 | ||||||
| Grants to individuals | 25,207 | 22,242 | |||||||
| 163,163 | 98,467 |
| SUPPORT C | OSTS | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Governance | ||||||||||
| Management | costs | Totals | ||||||||
| Quaker Activities | 100,705 | 10,575 | 111,280 | |||||||
| Support costs |
and governance | costs are allocated | between | raising | funds | (40%) | and Quaker | activities (60%) |
||
| basis. Total costs are as follows: | ||||||||||
| 2022 | 2021 | |||||||||
| Wages | 31,775 | 29,310 | ||||||||
| Insurance | 8,775 | 8,176 | ||||||||
| Repairs k, maintenance | costs | 70,590 | 49,890 | |||||||
| Utilities | 36,018 | 20,692 | ||||||||
| Meeting House improvement | project | 16,193 | 14,458 | |||||||
| Burial grounds | 4,490 | 6,013 | ||||||||
| Rent | 5,730 | |||||||||
| Independent | examiner | fee | 5,820 | 37,020 | ||||||
| Bookkeeping | fees | 2,277 | 5, 188 | |||||||
| Administration | costs | 9,528 | 1,960 | |||||||
| 185,466 | 773437 | |||||||||
| Support costs, | included | in the | above, are as follows: | |||||||
| 2022 | 2021 | |||||||||
| Quaker | Quaker | |||||||||
| activities | activities | |||||||||
| Wages | 19,065 | 17,586 | ||||||||
| Insurance | 5,265 | 4,906 | ||||||||
| Repairs k, maintenance | costs | 42,354 | 29,935 | |||||||
| Utilities | 21,611 | 12,414 | ||||||||
| Meeting House improvement | project | 9,716 | 8,675 | |||||||
| Burial grounds | 2,694 | 3,608 | ||||||||
| Rent | 3,438 | |||||||||
| Independent | examiner | fee | 3,492 | 22,212 | ||||||
| Bookkeeping | fees | 1,366 | 3,113 | |||||||
| Administration | costs | 5,717 | 1,178 | |||||||
| 111,280 | 107,065 |
| 14. | TANGIBLE FIXEDASSETS | |||
|---|---|---|---|---|
| Computer | ||||
| equipment | Totals | |||
| COST | ||||
| At 1st January 2022 Additions |
16,286 | 16,286 | ||
| At 31stDecember 2022 | 16,286 | 16286 | ||
| DEPRECIATION | ||||
| At 1stJanuary 2022 Charge for the year |
4,072 | 4,072 | ||
| At 31stDecember 2022 | 4,072 | 4,072 | ||
| NET BOOK VALUE | ||||
| At 31stDecember 2021 | ||||
| At 31stDecember 2022 | 12,214 | 12,214 | ||
| 15. | FIXEDASSET INVESTMENTS | |||
| Listed | Unlisted | |||
| investments | investments | Totals | ||
| MARKET VALUE | ||||
| At 1stJanuary 2022 | 1,099,361 | 10,000 | 1,109,361 | |
| Additions | 644,868 | 644,868 | ||
| Disposals Revaluations |
(661,940) ~153,161) |
(661,940) ~353,363) |
||
| At 31stDecember 2022 | 929,128 | 10,000 | 939,128 | |
| NET BOOK VALUE | ||||
| At 31stDecember 2021 | 1,099,361 | 10,000 | 1,109,361 | |
| At 31stDecember 2022 | 929,128 | 10,000 | 939,128 |
| FAIR VALUE | |
|---|---|
| At 1st January 2022 | 1,001,900 |
| Revaluation | 42,000 |
| At 31st December 2022 | 1,043,900 |
| NET BOOK VALUE | |
| At 31stDecember 2021 | 1,001,900 |
| At 31stDecember 2022 | 1,043,900 |
| The properties and their values are: |
|||
|---|---|---|---|
| Investment Property |
Market Value | ||
| Upper Flat (formerly warden's flat) in Alton Meeting House Private G/F Studio Flat in Alton Meeting House |
144,000 132,000 |
||
| Upper Flat (formerly wardens' flat), Basingstoke Flat (formerly wardens' flat), Portsmouth Meeting |
Meeting House House |
200,400 126,000 |
|
| Cottage adjoining Portsmouth Meeting House |
96,000 | ||
| Cottage (formerly wardens' flat) in grounds of Southampton |
Meeting House | 216,000 | |
| One-seventh share of "LaChasse", Jersey |
125,000 | ||
| Hannah House, Hunnyhill, Isle ofWight |
4,500 | ||
| Total | 1,043,900 |
| DEBTO | RS:AMOUNTS FALLING DUE WIT | HIN ONE YEAR | |
|---|---|---|---|
| 2022 | 2021 | ||
| Debtors | 20,102 | 21,408 | |
| Deposits | held | 20,000 | 20,000 |
| 40,102 | 41,408 |
| CREDIT | ORS: AMOUNTS FALLING DUE WITHIN | ONE YEAR | |
|---|---|---|---|
| 2022 | 2021 | ||
| Trade creditors | 24,829 | 4,788 | |
| Acting as | Agents | 1,449 | 876 |
| Accruals | and deferred income | 5,820 | ~5820 |
| 32,098 | 11,484 |
| 2022 | 2021 | ||
|---|---|---|---|
| As at 1st January | 2022 | 876 | 1,491 |
| Received during Expended during |
the year the year |
5,134 2,500 ~4,561)~3,115) |
|
| As at 31stDecember 2022 | 1,449 | 876 |
| MOVEMENT | IN F | UNDS | ||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.1.22 | in funds | funds | 31.12.22 | |||
| Unrestricted funds |
||||||
| AM General Fund | 1,006,097 | 3,667 | 55,995 | 1,065,759 | ||
| Alice Southwell | Legacy (Basingstoke) | 5,396 | 21 | (21) | 5,396 | |
| Claire Smith Legacy | (Basingstoke) | 3,439 | (1,001) | 2,438 | ||
| Guernsey Legacy Fund |
5,887 | 22 | 5,909 | |||
| Joyce Warwick | Fund | (Portsmouth) | 5,683 | 5,683 | ||
| Anne Parmeter | Legacy (Jersey) | 62,000 | (9,847) | 52,153 | ||
| La Chasse (Jersey) | 125,000 | 125,000 | ||||
| Peggy Jackson | Legacy (Southampton) | 377,609 | (63,965) | 313,644 | ||
| Patrick Nott Legacy | (IOW) | 324,886 | (56,990) | 267,896 | ||
| AM Property Fund |
107,412 | (17,059) | 90,353 | |||
| Alderney | 1,448 | 308 | 1,756 | |||
| Alton | 24,577 | 4,982 | (2,709) | 26,850 | ||
| Ando ver | 1,090 | 2,228 | (1,806) | 1,512 | ||
| Basingstoke | 21,866 | 814 | (3,323) | 19,357 | ||
| Guernsey | 2,719 | 755 | (960) | 2,514 | ||
| Isle ofWight | 56,366 | (3,057) | (4,284) | 49,025 | ||
| Jersey | 29,802 | 5,921 | (2,394) | 33,329 | ||
| Portsmouth | 32,337 | 6,318 | (4,515) | 34,140 | ||
| Southampton | 213,933 | (38,656) | (8,211) | 167,066 | ||
| Winchester Gillian Davies |
Legacy (Winchester) | 114,503 221,540 |
8,783 ~6,520) |
(5,418) | 117,868 215,020 |
|
| 2,743,590 | (163,276) | 22,354 | 2,602,668 | |||
| Restricted funds |
||||||
| AM Building Fund | 55,658 | (8,840) | 46,818 | |||
| AM Loan Fund | (Dorothy Searle Legacy) | 26,574 | (4,220) | (22,354) | ||
| McBain Fund | 92,716 | (41,088) | 51,628 | |||
| IOW Hewland | Fund | 17,073 | (17,073) | |||
| IOW Building | Fund | 15,358 | (2,439) | 12,919 | ||
| IOW Legacy Fund | 10,619 | (1,686) | 8,933 | |||
| Alderney Fund |
1,046 | 1,046 | ||||
| Sawell Fund | 5,000 | 5,000 | ||||
| Winchester Building |
Fund | 5,000 | 8,000 | 13,000 | ||
| 229,044 | ~67,346) | ~22,334) | 139,344 | |||
| TOTAL FUNDS | 2,972,634 | ~230,622) | 2,742,012 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted funds |
|||||
| AM General Fund | (310) | (26,593) | 30,570 | 3,667 | |
| Alice Southwell | Legacy (Basingstoke) | 21 | 21 | ||
| Claire Smith Legacy (Basingstoke) | 13 | (1,014) | (1,001) | ||
| Guernsey Legacy Fund |
22 | 22 | |||
| Anne Parmeter | Legacy (Jersey) | 302 | (10,149) | (9,847) | |
| Peggy Jackson | Legacy (Southampton) | (63,965) | (63,965) | ||
| Patrick Nott Legacy (IOW) | 3,292 | (60,282) | (56,990) | ||
| AM Property Fund |
523 | (17,582) | (17,059) | ||
| Alderney | 2,154 | (1,846) | 308 | ||
| Alton | 29,468 | (24,486) | 4,982 | ||
| Ando ver | 4,139 | (1,911) | 2,228 | ||
| Basingstoke | 13,796 | (12,982) | 814 | ||
| Guernsey | 4,504 | (3,749) | 755 | ||
| Isle ofWight | 8,089 | (11,146) | (3,057) | ||
| Jersey | 24,086 | (18,165) | 5,921 | ||
| Portsmouth | 17,621 | (11,303) | 6,318 | ||
| Southampton | 39,666 | (73,900) | (4,422) | (38,656) | |
| Winchester Gillian Davies |
Legacy (Winchester) | 105,601 | (94,966) | (1,852) ~6,520) |
8,783 ~6,520) |
| 252,987 | (342,343) | (73,920) | (163,276) | ||
| Restricted funds |
|||||
| AM Building Fund |
271 | (9,111) | (8,840) | ||
| AM Loan Fund | (Dorothy Searle Legacy) | 129 | (4,349) | (4,220) | |
| McBain Fund | 437 | (21,996) | (19,529) | (41,088) | |
| IOW Hewland | Fund | (17,073) | (17,073) | ||
| IOW Building | Fund | 75 | (2,514) | (2,439) | |
| IOW Legacy Fund | 52 | (1,738) | (1,686) | ||
| Winchester Building Fund |
8,000 | 8,000 | |||
| 8,964 | ~39,069) | ~37,241) | ~67,346) | ||
| TOTAL FUNDS | 261,951 | ~301,412) | (111,161) | (230,622) |
| MOVEMENT IN F | UNDS - contin | ued | ||||
|---|---|---|---|---|---|---|
| 2021 Comparatives | for movement | in funds | ||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.1.21 | in funds | funds | 31.12.21 | |||
| Unrestricted funds |
||||||
| AM General Fund | 997,899 | (27,902) | 36,100 | 1,006,097 | ||
| Alice Southwell Legacy (Basingstoke) Claire Smith Legacy (Basingstoke) |
5,396 4,162 |
I (723) |
(I) | 5,396 3,439 |
||
| Guernsey Legacy Fund |
5,887 | 5,887 | ||||
| Joyce Warwick Fund (Portsmouth) Anne Parmeter Legacy (Jersey) |
5,683 62,455 |
(455) | 5,683 62,000 |
|||
| La Chasse (Jersey) | 125,000 | 125,000 | ||||
| Peggy Jackson Legacy (Southampton) Patrick Nott Legacy (IOW) |
322,055 342,180 |
55,554 (17,294) |
377,609 324,886 |
|||
| AM Property Fund |
83,586 | 23,826 | 107,412 | |||
| Alderney | 1,258 | 690 | (500) | 1,448 | ||
| Alton | 37,168 | (6,751) | (5,840) | 24,577 | ||
| Andover | 1,434 | 1,176 | (1,520) | 1,090 | ||
| Basingstoke | 19,291 | 5,754 | (3,179) | 21,866 | ||
| Guernsey | 9,552 | (5,873) | (960) | 2,719 | ||
| Isle ofWight | 63,928 | (5,397) | (2,165) | 56,366 | ||
| Jersey | 31,104 | 643 | (1,945) | 29,802 | ||
| Portsmouth | 29,478 | 7,219 | (4,360) | 32,337 | ||
| Southampton | 201,231 | 20,502 | (7,800) | 213,933 | ||
| Winchester | 120,275 | (352) | (5,420) | 114,503 | ||
| Gillian Davies Legacy (Winchester) | 221,540 | 221,540 | ||||
| 2,469,022 | 272,613 | 1,955 | 2,743,590 | |||
| Restricted funds |
||||||
| AM Building Fund | 55,251 | 407 | 55,658 | |||
| AM Loan Fund (Dorothy Searle Legacy) | 26,167 | 407 | 26,574 | |||
| McBain Fund | 96,788 | (4,072) | 92,716 | |||
| IOW Hewland Fund |
22,169 | (5,096) | 17,073 | |||
| IOW Building Fund | 14,834 | 524 | 15,358 | |||
| IOW Legacy Fund Alderney Fund |
12,167 1,046 |
407 | (1,955) | 10,619 1,046 |
||
| Sawell Fund | 5,000 | 5,000 | ||||
| Winchester Building |
Fund | 5,000 | 5,000 | |||
| 228,422 | 2,577 | ~1,955) | 229,044 | |||
| TOTAL FUNDS | 2,697,444 | 275,190 | 2,972,634 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| INCOME AND ENDOWMENTS | |||||
| Donations and legacies |
|||||
| Donations (Inc. gift aid) | 104,543 | ]07,855 | |||
| Legacies &gifts | 200 | 241,180 | |||
| 104,743 | 349,035 | ||||
| Other trading activities | |||||
| Meeting house hirings | 45,074 | 21,355 | |||
| Other income (Inc. Residential | Weekends) | 20,522 | 2,084 | ||
| Miscellaneous income |
367 | ||||
| 65,596 | 23,806 | ||||
| Investment income |
|||||
| Rents received | 41,867 | 45,350 | |||
| Interest ÷nds received |
8,694 | 4,024 | |||
| 50,561 | 49,374 | ||||
| Other income | |||||
| Housing Project rent | 41,051 | 38,454 | |||
| Total incoming resources |
261,591 | 460,669 | |||
| EXPENDITURE | |||||
| Investment management |
costs | ||||
| Wages | 12,710 | 11,724 | |||
| Letting agents fees | 5,356 | 8,815 | |||
| Maintenance to investment |
properties | 8,628 | 6,705 | ||
| Insurance | 3,510 | 3,270 | |||
| Repairs &maintenance | costs | 28,236 | 19,955 | ||
| Utilities | 14,407 | 8,278 | |||
| Independent examiner fee |
2,328 | 14,808 | |||
| Bookkeeping fees |
911 | 2,075 | |||
| Administration costs |
3,811 | 782 | |||
| Meeting House improvement | project | 6,477 | 5,783 | ||
| Burial grounds | 1,796 | 2,405 | |||
| Rent | 2,292 | ||||
| 88,170 | 86,892 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Charitable activities |
||||
| Training and conferences Meeting attendances Printing, postage &stationary Outreach |
1,934 105 883 1,563 |
2,023 2,390 2,081 |
||
| Meeting support costs (Inc. Residential Weekend) Administration |
2,503 5,388 |
324 3,570 |
||
| Room and equipment hire Grants to institutions |
6,423 124,470 |
76,225 | ||
| Grants to individuals | 38,693 | 22,242 | ||
| 181,962 | 108,855 | |||
| Support costs | ||||
| Management Wages Insurance |
19,065 5,265 |
17,586 4,906 |
||
| Repairs &maintenance Utilities |
costs | 42,354 21,611 |
29,935 12,414 |
|
| Meeting House improvement Burial grounds Rent |
project | 9,716 2,694 |
8,675 3,608 3,438 |
|
| 100,705 | 80,562 | |||
| Governance costs |
||||
| Independent examiner Bookkeeping fees Administration costs |
fee | 3,492 1,366 5,717 |
22,212 3,113 1,178 |
|
| 10,575 | 26,503 | |||
| Total resources expended | 381,412 | 302,812 | ||
| Net income/(expenditure) | (119,821) | 157,857 |