2023-12-31-accounts

Friends World Commirree for Consultation WORLI) OFFICE FRIENDS WORLD COMMirrEE FOR CONSULTATION (Quakers) (Registered Charty No.: 2116471 REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 MYRUS SMITH hartered Accountants Norman House 8 Burnell Road Sutton, Surrey SM14BW

FRIENDS WORLD COMMITTEE FOR CONSULTATION TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Details of tho Charity. its Tru8tee8 and Advisers Reglstered Offlce 173 Euston Road, London NW 12AX Phone: [phone] Email.. [e-mail] Website.. www.fivcc.world Trustee$lMembers of the Central Executivo Commlttee for 2023 Michael Eccles Jonathan Fletcher Adrian Glamorgan Tim Gee Myion R. Gua¢halla Montano (until April 20241 Simon C. Lamb. Clerk of FWCC Ethel Livemiore Thuli Nokuthula Mbete Robin Mohr Esther Mombo, Assistant Clerk of FV4CC David Shiner (until 30 April 20231 Peter Ullalhome, Treasurer of FWCC Bainito Wamalwa Maryorie Angalot (from 8 May 2023) Lavonna LOe￿h (from 1 May 20231 Peler Shilemi (from 1 January 2023 until December 20231 Kenya Casanova-sales The chief executive officer is the Clerk of FWCC, a volunteer position held throughout 2023 by Simon C. Lamb. The thief operating officer. a full-time staff positson, is the General Secretary, Tim Gee. Bankers: The Co-operative Bank plc, P.0. Box 101, 1 Balloon Street, Manchester M60 4EP US Bank, P.0. Box 1800, Saint Paul, Minnesota, 55101-0800 Solicitors: Bates Wells, 10 QLTreen Street Plac8, London EC4R 1 BE Auditor: Myrus Smith, Norman House, 8 Bumell Road, Sutton. Surrey SM14BW Investment Managers: Friends Fiduciary, 1700 Market Street, Suf(e 1535, Philadelphia, PA 19103 Rathbone Investment Management Ltd, Port of Liverpool Building, Liverpool L3 1 NW CCLA investment Management Limited, One Angel Lane, London EC4R 3AB

FRIENDS WORLD cOMMI￿EE FOR CONSULTATION TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 lcont Structure, govemance and management Governing Document.. FWCC is an a550ciation whose governing document is a constitution adopted in 2004 and amended in 2007 and 2016. Trustees of FWCC: The Central Executive Committee of FWCC serves as its Trustee body with the responsibilities that this role carries under the applicable laws of England and Wales. Its members are listed above. More than half the trustees are not UK national5. Appointment of trustees.. The Clerk and Executive Secretary of each of FWCC'S four independent geographical sections selve on the Central Executive Committee ex officio. The central officers of FWCC and the Central Executive Committee members-at-large are appointed by the Central Executive Committee, on recommendation from an International Nominations Committee made up of representatnies from the four Sections, The central executive staff IGeneral Secretsryl is appointed by the Central Executive Committee, after an open international search process. Upon appointment, new trustees are inducted by the General Secretary who shares detailed infomialion with each new trustee. Organisational Stru¢ture The Religious Soclety of Friends (Quakers) is organised at the local level with places of worship (called either churches or meetings} grouping themselveg together to form yearly meetings (regional or national bodies). Because there is a great variety of mode$ of worship and belief among Fllends, some yearly meetings overlap with each other and may have little direct contact with each other_ FWCC exists lo keep all of these yearly meetings plus isolated individuals and groups in touch with one another. It is truly a committee whose membership is made up of yeaHy meeting representatives. Under the Constitution of 2016, FWCC holds World Plenary Meelings of representatives from all afFiliated meetings and groups, at intervals nol to exceed ten years. The World Plenary Meeting sets policy directions, advises the Central Executive Committee, and expresses the voice of FWCC on matters of public concern. The Central Executive Committee Ithe CECI is eTnpowered to implement and conduct the business of FWCC and to gérve as the trustee body. The CEC meets al least once per year in person, and at other times online. It is empowered by its Constitution to make decisions electronically. Minutes trom electronic meetings, as well as those approved by email, are ratified at the next meeting. All decisions are made in the Quaker mode of 'sense of the meeting, la broad fomi of consensus) or unanimously lin the case of electronic decisions). The General Secretary, the chief staff member who also serves as a trustee with the consent of the Charity Commission, has the work of making the day-to4ay decisions relating to management and staff in consuKalion with the Treasurer and the Clerk of FWCC. FWCC works in conjunction wrth ils four geographical Sections, none of which is a charity In England & Wales. although each is a separate Segal entity properly registered in its locality. The four are Section of the Americas {a reugnized US charitable organisation incorporated in Pennsylvania USA), Europe & Middle East Section la registered Scottish charity), Africa Section (registered in Kenya), and Asia-west Pacific Section (incorporated in ALtstralia). Risk Ass¢$$ment During the year the Trustees have Gontinued to review and update the org8nisation's Risk Register. In particular, the planning for the 2024 World Plenary Meeting has been subject to detailed risk assessment. The main risks to the World Office identified to date are financial and managerial. Because the London staff Is so small, much rests upon the shoulders of the General Secretary. The organisation carries a range of insurance cover including Officers and Directors Liability. FWCC has an Intem8tional Finance Committee which meets by conference call regularly to review the current stale of finances. FWCC is audited annually. Standard office procedures include dual authorisation of bank payments and storing dats from

FRIENDS WORLD cOMMI￿EE FOR CONSULTATION TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Icont the computer Se￿er in 'cloud-based' storage. The office complies with UK data protection law and safeguarding procedures. Objgctives and Actlvities From its Constitution.. 'The object of FWCC is the advancement of religion for the public benefit, by means of fostering the principles and practice of the Religious Society of Friends (Quakers) worldwide through consultation and cooperation. "FWCC was established by Minute No. 27 of a Wodd Conference of the Religious Society of Friends held at Swarthmore, Pennsylvania, USA, in 1937 and has been continued since that time by the Yearly Meetings affiliated to it as a consultstive, non-profit making organisalion, world-wide in scope. The operations of FWCC are further guided by the following Aims and Purposes, which are subservient to the objects of FWCC.. 1. To encourage and strengthen the spiritual life within the Religious Society of Friends, and its outreach in the world, through such measures as worship, inlervisitation. study, conferences and a wide sharing of experiences on the deepest level. 2. To help Friends to gain a better understanding of the wodd wide character of the Religious Society of Friends and its vocation in Ihe wortd. 3. To promote consultation amongst Friends of all cultures, countries, and languages. To bring the different groups of Frienijs into intimate touch with one another, seeking th￿r common Quaker heritage, sharing experiences, and coming to some measure of agreement in regard to their attitude tr) wodd issues. .4. To promote understanding betsveen Friend5 everywhere and members of other branches of the Christian Church and also of other religious faiths, and to interpret the specific Quaker message to those who seek further religious experien￿. .5. To keep under review the Quaker contribub'on in world affairs and to the world Christian mission- lo facilitate the examinats'on ancl presentab'on of Quaker thinking and concern in these fields,. and lo encourage Fllends to cooperate as far as possible in joint action with other groups having similar objectives.. Publi¢ Beneflt The Charities Act 2011 requires charities to fit into identified charitable purFK)ses. FWCC fits into of the identified charitable purposes.. the advancement of religion and the advancement of human rights, conflict resolution or reconciliation or the promotion of religious or racial harmony or equality and diversity. Trustees have had regard to the Charity Commission guidants In this area. FWCC'S website www.fvJcc.worldl provides information and links to each grouping of Friends around the world, including contact infom)ation where available. It links to websites maintained by the four Section offices. This informatitsn is available to Friends and non-Friends alike, and serves both to ￿nnect Friends around the worfd and to provide information about Quakers to interested seekers and the general public. In recent years, web inquiries have led lo new Quaker groups and members in Eastern Europe, *nlral and western Africa, and Asia. FVVCC also makes regular use of other social media, such as Facebook, X (Twitter), Instagram, and YouTube, to provide information about the organisation's activities and those of other Quaker groups around th8 wodd. Since its founding in 1937. FWCC has put its faith into action by promotsng peace through the support of international organisations. In 1947, Quaker peace organisations were awarded the Nobel Peace Prize. Since the founding of the United Nations, FWCC has held general consultative status, the highest status

FRIENDS WORLD cOMMI￿EE FOR CONSULTATION TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Icont NGOS can obtain. Quaker United Nations Offi￿S IQUNO} in New York and Geneva, under joint oversight by FWCC and other auaker charitable organisations, combine wognyzed expertise in key areas of intemational policy with experien￿ in facilrtalion and dialogue in a multilateral setting. QUNO work focuses on peace & disarmament, peacebuilding and prevention of violent conflict, human rights & refugees, focxj and sustainability, human impacts of Climate change, and natural resourceslconflict and cooperation. During 2023 FWCC raised funds for employing a Peace & Justi￿ Secretary to lake these aims forward over the next years. FWCC represents Quakers in the world ecumenical circles. The General Secrelèry attends the annual meeting of the General Secretaries of Christian Wodd Communions FWCC also is represented at meetings of the World Council of Churches IWCCI and on Ihe Faith and Order Commission of WCC. FWCC also serves on occasion as a channel of information and support in emergencies such as natural disasters and armed conflict, Whe￿ there is a local Quaker group seeking assistance. 2023 hlghlights January began with Southern Africa Yeady Meeting, exploring the word ubuntu word ￿ferring to interrelatedness to form part of the theme of 2024's World Plenary Meeting. A short film made at the gathering, commissioned by FWCC, has been viewed by Friends around the W0￿d. Young Adult Friends from East Africa then gathered to consider the same theme, including Friends supported by FWCC lo lake Part in SAYM In February we began the global phase of our fvndraising campaign. to enable inclusive and equitable participation in the Vvorld Plenary Meeting. A highlight of March was lo be able lo join Friends from across the diverse traditions represented in the Americas in their first ever Section meeting in hybrid form. The Quaker United Nations Office also spoke up In our name 24 times at the UN IPCC climate talks, ftcussing on the need for urgent, transformative, rights-based and ethical climate policies. In April FWCC was granted official accreditation with the UN Environment Programme, allowing QUNO to take part in encouraging progress towards a plastics pollution treaty. We also fomied part of a keynote panel at the American Friends Service Committee's annual meeb"ng, alongside leaders of other intemational Quaker agencies. In May we joined Friends from aeross Europe and the Middle East in Birmingham, England, for one of the last major intemalional events at the Woodbrooke Quaker Study Centre. Oijr international worship working group also started putting together the next World Quaker SongboDk. In June the Quaker United Nations Office celebrated ils 75th year, which we added to with articles for publications and tslks for events. We were also glad to cofacililate the 'World Quaker Voices, course, hosted by the Woodbrooke Quaker learning charity, exploring the diversity of Quakerism worldwide. In July we published a resource pack supporting Friends lo organise events to mark Gaorg& Fox's 400th birthday in 2024, which was downloaded more than 1000 limes. Our planning committees also met in South Africa lo preview and test our venue and Systems for next year's World Plenary Meeting. In August we published a consultation paper on FWCC'S future directions, proposing six priorities including Young Adult Friends, addressing the digital divide and nurturing online worship. Two committee members including the clerk also visited Burundi to engage in a thoughttul international dialogue with Young Adult Friends there. In September we spent a good deal of time answering the many enquiries about the World Plenary Meeting, following the opening of bookings.

FRIENDS WORLD COMMITTEE FOR CONSULTATION TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Icont Al the start of October Friends from many ￿untrieS and traditions discussed, discerned, studied and contemplated the word ubuntu, as part of Wodd Quaker Day. Friends from across Asia and the West Pacrfic came together for their first meetng for a number of years as did the Quaker Peace Ne￿Ork for Africa both of which we were glad to join. In November we joined the Quaker agen¢ie$ in a statement urging a bilateral ceasefire and retum of hostages in Israel-Palestine. In December we announced the glob81 programme of activities marking 400 years since the birth of George Fox. including more than 50 events, an exhibition and a children's drawing cornpelition. Volunteers and Stsff The General Secretary is QU￿entlY the only full-time FWCC employee. The office has part-time employees responsible for administralive assistance and database management. Financial Management is handled by a contractor who works in the office as needed, approximately 1 day per wee The work of FWCC depends on volunteers who serve on its committees. In addition lo the CEC, these include International Nominations Committee, Intemalional Finance Committee, Staff Advisory Committee, Intemational Membership Applications Committee, International Planning Committee, Future Directions Working Group, Geneffil Secretary Support Committee, and the oversight committees for both Quaker United Nations Offices. The QUNO committees, made up of representatives from all four Sections, meet at least On￿ a year in person, typically at or close lo their respective offices in New York and Geneva. The remaining committees, named by the CEC or by appointment by the Sections, are made up of Friends trom each of the four Sections. They meet by audio or video conference call as often as needed. They report to and bling recommendations to the CEC for action. It is not possible to account for the hours of volunteer work. Volunteers are entitl￿ lo claim ffimbursement for their out-of-pocket expenses inoluding travel {upon submission of appropriate recelptsl, although some choose lo bear their own costs as an indirect donation lo FWCC. Financial Revi8w Ovepilew 2023 has been a period of consolidation and planning. The financial environment has been mre stable. and much effort has been pul into successfvlly raising funds to support the 2024 World Plenary Meeting. £100k of new funding has been received for this, adding to the £85k brought forward from 2022. A special nd has been established for a new post of Justice & Peace Secretary., £78k has been received in the year. Further sums are expected to be raised through the Global Fundraising Campaign to support new initiatives over the next few years. The income and expenditure on running the existing programme of Wortd offi.ce work was largely on budget. Cash and deposits have been built up during the year to enable the expenditure on the World Plenary to be covered as needed. Inveslments recovered some of the losses incurred in 2022 and are remaining stable at the time of writing. Unrestrlcted Income and Expendlture Unrestricted income was £203k in 2023 ¢ompared with £190k in 2022. Contributions from Sections and Meetings rose from £183k to £193k. The figure for Salaries and ReL4ted Costs tolalled £131 k. Restricted Income and Expenditure Restricted income from donations, legacies, and investment incorne in 2023 totalled £169k {2022 £32k) and is also shown in Note 2 to the Financial Ststemenls. This includes contributions towards the 2024 World Plenary of £80k and funding for the new Justi￿ and Peace Secretary role 01 £78k. The costs of the first few months of this work amounted to £17k. The gain in market value of investments increased the funds by £14k 12022 £35k lossl. Restricted funds rose by £207k after transferring £70k of designated funds to support the 2024 Wodd Plenary Meeting.

FRIENDS WORLD COMMITfEE FOR CONSULTATION TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 l¢ont Endowment funds fell by £18k after gains on the underlying investments12022 £56k decreasel., £21 k from the Committee Travel Fund was utilised to meet the costs of the CEC meeting held in Johannesburg, South Africa in July 2023. Net Movement in Funds In 2023 the Unrestricted Funds deficit was £68k, the restricted funds had a surplus of £207k and the endowment funds a de[￿lt of £18k, resulting in an overall surplus of £121k. The lotal funds rose from £763k to £884k. Reserves and Investments The policy on General Fund reserves is to relain on hand an amunt equal to 6 months operating expenses. Currenlty we have £226k in the General Fund which is over 6 months normal costs. £63k is in designated funds for planned expenditure, and restricted and endowment funds total £595k. A large proportion of the latter funds are planned to be used to meet the costs of the first World Plenary meeting for eight years. In particular, the committee responsible for the Young Adult Friends Deve5opment Fund has approved substantial grants lo support Young Friends attending the forthcoming meeting in South Africa. Our investment policy is to hold funds not required for immediate use in professionally managed investments which do not support war-related, alcohol, iobacco, or fossil fuel related businesses. Vvhere possible they are identified as ethical investments that contribute to peace and eco-juslice. Investments are held in two holdings.., the COIF Charities Ethical Investment Fund, managed by CCLA Investment Management and units in the Friends Fiduciary Quaker Growth & Income Fund Iformerly the Green Fund). The portfolio of stocks managed by Rathbone Greenbank was sold during 2023 and reinvested in the COIF fund and deposit account. In 2023 the market value of these investments increased by some £52k and at the year-end amounted to £534k. The investment porfolio was reduced in March 2023 by £100k teing transferred to the COIF Deposit account to fund the upcoming World Plenary Meeting. Future estlmates Regular income continues to be at a lower level than in the past, and budgeted expenditure remains constrained as a result, although a special appeal lo fund work on peace and Justi￿ has enabled us to expand the work done in this area. In 2022 we launched a global fund-raising campaign to engage Friends worldwide with the opportunities for expanding the work of the Committee in linking Friends and Meetings everywhere, and to ftjnd the World Plenary Meeting being held in Soulhem Africa in 2024. Funds received from this appeal in 2023 a￿ included in the current yearfs income and substantial fvrther sum$ a expected to be receNed in 2024. Funds Hold as Custodlan Trustee on Behalf of Others As the accounts show, FWCC collects and passes along annually funds for Quaker UN work, the SeC￿Ons, and other emergency work. These funds are passed along at least annually and usually more frequenlty especially in the case of emergency support.

FRIENDS WORLD COMMITTEE FOR CONSULTATION TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Icont ststement of Trustses, Responsibllllles The trustees are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and Uniled Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial ststements, the trustees are required to.. select suitsble accounting policies and then apply them consistently,. observe the methods and prln¢iples in the Charities SORP 2019 IFRS 1021., rnake judgements and estimates that are reasonable and prudent., state whether applicable accounting stsndards have been followed, subject to any material departures disclosed and explained in the financial ststements., prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose wf(h reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Circulated and approved by the Trustees, Simon C. Lamb, Trustee 6 July 2024

Independent Auditorfs Report to the Trustees of: FRIENDS WORLD COMMITTEE FOR CONSULTATION Opinion Vve have audited the financial statements of Friends World Committee for Consultation (the 'charity'l for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet and notes lo the financial statement5, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounts'ng Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generalty Accepted Accounting Practice}. In our opinion the financial statements- give a true and fair view of the slate of the charity's affairs as at 31 December 2023, and of ils incoming resources and application of resources, for the year then ended", have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Charthes Act 2011. Basls for opinion We conducted our audst in accordance with International Stsndards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs ￿ sponsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriale to provide a basis for our opinion. Conclusions relatlng to going concern In audrting the financial statements, we have concluded that th6 trustees, use of the going con￿rn basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubl on the charity's ability to corllinue as 8 going concern for a period of at least iwelve nwjnlhs from when the financial statements are authorised for issue. Our responsibilities and the ￿spOnSibl11tieS of the trustees with respect to going concern are described in the relevant sections of this report. other Information The Trustees are responsible for the other information. The other information comprises the information included in the Trustees, report other than the financial statements and our auditor's report thereon. Our opinion on the financial slaterrents does not cover the olheT information and, ex￿pt to the extent otherwise explicitly ststed in our report, we do nol express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the ftnancial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such materi81 inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misslatemenl of this other information, we are required to report that fact We have nothing to report in this regard.

Independent Auditor's Report to the Trustees of: FRIENDS WORLD COMMIThEE FOR CONSULTATION Matters on which we are requlred to report by excoption We have nothing to report in respect of the following matters in relation to which the Charitiès (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion., the information given in the financial statements is inconsistent in any material respect with the Trustees, report., or sufficient accounting records have not been kept by the charity- or the financial statements are not in agreement with the geeounling records and returns,. or we have not received all the information and explanations we require for our audit. Re$pon$lbllltles of Trustees As explained more fully in the Trustees, resF)onsibilities ststement sel out on page 7. the Trustees are responsible for the preparation of financial stslements and for being satisfied that they give a trLJe and fair view, and for such internal control as the Trustees determine is ne￿SSary lo enable the preparation of financial statements that are free from material misstatemen( whether due to fraud or error. In preparing the financial slalemenls, the trustees are responsible for assessing the charity's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees erther intend to liquidate the charity or to cease operations, or have no ￿811811C alternative but to do so. Audltor's responsibilities for the audit of the financial ststoments We have been appointed as audltor under section 145 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free frorn material misstatement, whether due lo fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an aLJdit conducted in accordance with ISAS IUKI W￿1[ always detect a material misstatement when il exists. Mi551aternents can arise from fmud or error and are considered material if, individually or in the aggregate, they coijld reasonably be expected tr) influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. ouuined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below.. Enquiry of management and those charged with governance about actual and potential litigation or claims and the identification of non-compliance with laws and regulations. Reviewing minutes of meetings of those charged with governan￿. Reviewing financial statement disclosures and testing lo supporting documentation to 88ges$ compltance with applicable laws and regulations. Auditing the risk of management override of controls, including testing journal entries and other adjustments for appropriateness. Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. Professional scepticism in course of the audit and with audit sampling in material audit areas. Because of the inherent limitations of an audit, there is 8 risk that we will not detect all irregularities, including those leading lo a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the fi'nancial slalemenls, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional ¢oncealmenl, forgery, collusion, omission or misrepresentation. A further description of our resFX)nsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.o .uklauditorsres onsibilities. This description forms part of our auditorfs report.

Independent Auditorfs Report to the Trustees of: FRIENDS WORLD COMMITTEE FOR CONSULTATION Use of our report This report is made solely lo the charity's Trustees, as a body, in ac￿rdanCe with Part 4 of the Charities IA¢¢ounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's Trustees those matters we are required to slate to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charity and the charity's Trustees as a body, for our audit work, for this report, or for the opinions we have formed. Norman House 8 Burnell Road Sutton, Surrey SM14BW MYRUS SMITH Chartered Accountants and stalutory Auditors 11th July 2024 Myrus Smith is eligible to act as an audltor in terms of Section 1212 of the Companies Act 2006. 10

FRIENDS WORLD COMMirrEE FOR CONSULTATION {Registered Charty No.: 2116471 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restricted Endowment Funds Funds Funds Tol81 2023 Tot31 2022 Notes Income and endowments from: Donations and grants Charitab5e activities Investments 192,571 157,387 349,958 202,164 10,332 11,753 2,106 24,191 22,769 Total 202,903 169,140 2,106 374,149 224.933 Expenditure on: Raising funds Charitable activities 7,851 208,358 7,851 276,537 8,694 219,337 46,738 21.441 Totsl 216,209 46,738 21,441 284,388 228,031 Net lexpenditurell Income before investment galns {13,306) 122,402 119,3351 89.761 13.0981 Net gainsl{lossl on investments 15,256 14,409 1,195 30,860 1110,0461 Net In￿Me1(eXpendlture} 1,950 136,811 118,1401 120,621 {113,1441 Transfer bebNeen fvnds 13 {70,0001 70,000 Net movement In funds {68,0501 2(K,811 118,1401 120,621 1113,1441 Reconclllatk)n of funds: Total funds brought forward 11 356,728 261,725 144.770 763,223 876,367 Total funfls carried fonvard 11 £288,678 £468,536 £126,630 £883,844 £763,223 The Statement of Financial Aclivitses includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities. The notes fom part of these Financial Statements. 11

FRIENDS WORLD COMMIThEE FOR CONSULTATION (Registered Charity No.: 2116471 BALANCE SHEET AS AT 31 DECEMBER 2023 Notes 2023 2022 FIXED ASSETS Tangible fixed assets Investments 811 681,691 534,431 534,431 682,502 CURRENT ASSETS Debtors Cash at barsk and in hand 119,588 331,210 18,209 89,657 450,798 107,866 CREDITORS.. Amounts falling due within one year 101,385 21,004 NET CURRENT ASSETS 349,413 86,862 TOTAL ASSETS LESS CURRENT LIABILITIES 883,844 769,364 CREDITORS: Amounts falling due after more than one year 6,141 NET ASSETS 10 £883,844 £763,223 FUNDS Unrestricted .' General Unrestricted .' Designated 11 11 226,110 62,568 244,160 112,568 288,678 356.728 Restricted Funds Endowment Funds 11 11 468,536 126,630 261,726 144,770 TOTAL FUNDS 11 £883,844 £763,223 Approved by the Trustees on 6 July 2024 signed on their behalf by Simon C. Lamb The notes form part of these Financial Slaten)ents 12

FRIENDS WORLD COMMITfEE FOR CONSULTATION (Registered Charity No.: 211647) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 1. ACCOUNTING POLICIES a. Basis of Accountin The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011 and UK Generally A￿pIed A¢counting Practice. The financial statements are prepared on a going concern basis under the historical cost convention and modified to include certain investment items at fair value. The financial statements are presented in sterling which is the functional currency of the charity. The significant accounting policies applied in the preparation of these financial statements are set out betow. These policies have been consistently applied to all years presented unless otherwise slated. The accounts refl8Ct the activities of the World Offi¢e of the Committee. They exclude the accounts of the four individual FWCC Sections, except for direct transactions between them and the World Office. They also exclude the accounts of the QUNO Offi￿S in Geneva and New York which are administered on behalf of FWCC by Quaker Peace and Social W51ness (Londonl and the American Friends Service Committee (Philadelphial r8spectively. c. Incomin Reco nition Income is recognised when the charity is entitled to the income, receipt is considered probable and the amounts can be measured reliably. Donations are recognised when the charity has been notified of the amounts and the settlement date in wriling or, if earlier, when the donation is received. The charity received government support through the Coronavirus Job Retention Scheme which Is accounted for on the accrual model. d. Ex enditure Reco nilion Expenditure is recognised once there is a 5egal or constructive obligation lo make payment lo a third party, it is piobable that settlement will be required and the amount can be measured reliably. Expenditure on charitable activities comprises Ihe costs of running the various actrvities and services for th8 charity's beneficiaries. Expenditure includes those costs of a direct nature which can be allocated to a specific activity. It also includes indirect costs, including governance costs that do not relate to a specific activity but are necessary to support them. e. Tan ible Fixed Assets costing £500 or more ar8 capitali5ed and depreciation is provided al rates estimated to write off the cost of each assel over ils ex￿cled useful life as follows.. sets Furniture and Fittings Office Equipment 4 years straight line 4 years straight line 13

FRIENDS WORLD COMMITTEE FOR CONSULTATION {R¢gistered Charlty No.: 2116471 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 contd,.. 1. ACCOUNTING POLICIES Icontlnuedl f. Taxation As FWCC is a registered charity, the results of its normal activities are not liable to income tax or corporation tax. g. Investments Listed investments are initially recognised at ¢ost and subsequently restated at rnarket value based on published stock exchange valuations al the end of each accounting period. Revalualion gains and losses are recognised in the Ststement of Financial Activities. h. Fund Accountin Unrestrscted funds are available for use at the discretion of the Trustees in furtherance of the general objective5 of the charity and which have nol ken designated for other purposes. Designated funds are unrestricted funds earmarked by the Trustees for parti¢ul8r purposes. Restricted funds are to be used for specific purposes as laid down by the donor or which havé béen raised by the charity for particular purposes. Endowment funds are to be retained permanently by the charity or in Ihe case of expendable endowmerits, the TrL¢Stees have powers lo use the capital if they Gonsider it appropriate. Forei n Currenc Foreign currency transactions are recorded at the average exchange rate for the particular month. Balance Sheet valuations a￿ made as al 31 December each year, using the closing spot rate. Gains and losses on exchange are recognised in the Statement of Financial Activities. Pension Costs The charity operates a defined contribution pension scheme. Contributions payable for the year are charged in the Statement of Financial Activities. The assets of the scheme are administered by Trustees in a fund independent from those of the charity. k. Leases Operating lease rentals are charyed lo the statement of financial activities on a straight line basis over the period of the lease. Debtors and creditors Debtors and ¢￿dItorS with no slated inleresl rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of financial 8Ctivities. 14

FRIENDS WORLD cOMMI￿EE FOR CONSULTATION IReg18tered Charity No.: 211647) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Iconld,. 2. DONATIONS AND GRANTS 2023 2022 Unrestricted Section of the Ameri¢as-. Operatsng Fund Friends and Meetings 73,111 658 73,976 5,608 73.769 79.584 Asia-west Pacific Section World Plenary Gathering Europe and Middle East SeGtion- Britain Yearly Meeting Friends and Meetings Trust Fltnds (Great Britsin) 2,738 20.000 12,176 60,000 35,854 210 63,701 25,205 2,040 96,064 90,948 192,571 182,706 Restricted Sustainability Officer IBYM gift in kindl Worfd Plenary Relief Fund Appeals Justice and Peace Secretary 7,906 9,587 1.965 79,625 77,762 157,387 19,458 TOTAL £349,958 £202,164 Included within donation5 and legacies are the following grants received from charitable organisations in 2023.. Total Funds 2023 Total Funds 2022 General Funds Restrictod Funds Britain Yearly Meeting (main grant) Iliam P Bancroft Charitable Trust Westward Trust 60,000 10 200 60,000 10 200 63,701 2,040 £60,210 £Nil £60,210 £65,741 15

RIENDS WORLD COMmI￿EE FOR CONSULTATION {R8gistered Charlty No.: 211647> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Icontd... INVESTMENT INCOME Unrestri¢led Restricted Endowment Funds Funds Funds Total 2023 Total 2022 Dividends and interest £10,332 £11,753 £2,106 £24,191 £22,769 Of the £22,769 recognised in 2022. £7.492 related to unreslrided funds, £12,502 to restricted fijnds and £2,775 10 endowment funds. TOTAL RESOURCES EXPENDED Raising Funds Charitable Goveman¢e Activities Costs 2023 Total 2022 Total Salaries and Related Costs Office Managernenl Information Technology and Communications Travel in the Ministry WPM Preparatory Cost International Membership Committee Literature and Publications Quaker United Nations Committees Grants lo Institutions Central Executive Committee Investment Management Charges Auditors, Remuneration- Audit services Non-audit 5,863 122,009 25,099 2,931 130,803 25,099 116,475 22,042 8,068 8,525 27,532 8,068 8,525 27,532 6,390 11,010 2,126 12,190 2,328 16,772 32,938 3,260 3,660 11,561 8,962 15,110 11,561 8,962 15,110 21,443 1,988 3,660 21,443 1,988 3,660 Legal Fees Consultancy Fee5 Foreign Exchange (Gain) l Loss Relief Fund Appeals 16,655 4,362 620 16,655 4,362 620 (3,146) 1,986 Total 2023 £7,851 £248,503 £28,034 £284,388 £228,031 Total 2022 £8,694 £180,022 £39,315 £228,031 All of the £8,694 cost of raising funds and £39,315 g0Veman￿ costs in 2022 were charged lo unreslricled funds. Of the £180,022 cost Df charitsble activities in 2022, £134,108 was charged to unrestricted fijnds. £18,352 wa8 Charged to restricted fjjnds and £27,562 was charged lo endowment funds. STAFF COSTS AND NUMBERS 2023 2022 Salaries and Wages Social Security Costs Employer Pension Contributions Pension Deficit Adjustment Fixed Contract Staff (Freelancers) 114,384 3,433 6,597 92,720 4,111 7,070 13,694) 10,488 6,389 £130,803 £110,695 16

FRIENDS WORLD COMMITTEE FOR CONSULTATION (Registered Charity No.: 211647) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023 Icontd... As permitted by the charity's governing document, the General Secretary, Tim Gee. who is also a trustee, re￿iVed a salary of £51,940 12022.. £47,733). The total employee benefits of the charity's Key Management personnel amounted to £61,622 12022.. £56,958}. Under FRS 102, employee benefits include gross salary, employerfs National Insurance contribution5 and employer's pension contributions. No employee received total employee benefits (excluding employer pension wstsl of more than £60,000_ The average number of employees during the year was 412022.. 4}. The 8vetage number of employees during the year, calculated on the basis of full time equivalents, was 2.612022. 2.61. FIXED ASSETS Equipment 2023 Cost At 1 January 2023 Additions in year 3,247 At December 2023 3,247 De recialion At 1 January 2023 Charge fi)r the year 2,438 811 At December 2023 3,247 Net book value al 31 December2023 £Nil Net book value al 31 December 2022 £811 17

FRIENDS WORLD COMMIThEE FOR CONSULTATION (Registered Charty No.: 211647) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Icontd... INVESTMENTS 2023 2022 Listed Investments.. Market value brought forward Additions al cost Disposals at opening market value Foreign exchange gainslllossesl Unrealised Ilossllgains on revaluation 677,661 26,999 (199,4861 121,6251 50,882 791.171 151.967 {168,3821 53,100 {150,1951 Market value carried fO￿ard Cash held for investment 534,431 677,661 4,030 Total market value of investments £534,431 £681,691 Historical cost carried forward £420,854 £683,624 Investment loss ins: Unrealised Ilossllgains on revaluation Realised {lossllgains on disposal Foreign exchange gain 50,882 1,603 121,6251 {150,1951 113,5571 53,706 £30,860 £{110,046} Of the £{110,046) recognised in 2022, £142,988) related to unrestricted funds, £135,826) to restricted funds and £131,232) to endowment funds. DEBTORS 2023 2022 Amounts fallin due within one Section accounts Other debtors ear.. 33,923 85,665 17,608 601 119,588 18,209 Amounts fallin due after more than one Section of the Americas £119,588 £18.209 CREDITORS 2023 2022 Amounts fallin due within one Taxation and social security Other creditors and accruals Def8rred income ear.. 9,584 35,674 56,127 9,402 11,602 £101,385 £21,004 Amunts fallin due after more than one Pension deficit liability eaf.. £Nil £6,141 18

FRIENDS WORLD COMMITfEE FOR CONSULTATION (Registered Charlty No.: 2116471 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Iconld... 10. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Fund5 Restricted Endowment Funds Funds Total Funds Tangible fixed assets Fixed asset investments Net current assets Non4urrent liabilities 59,158 229,520 327,202 141,334 148,071 {21,4411 534,431 349,413 Net assets at 31 December 2023 £288,678 £468,536 £126,630 £883,844 Comparatwe information for the net assets be￿een funds in the previous year is as follows-. Unrestricted Funds Restrided Endowrnent Fund5 Funds Totsl Funds Tangible fixed assets Fixed asset investments Net current assets Non-current Ilabilities 811 237.317 124,741 16,141) 811 681,691 86,862 (6,141) 299,604 (37,879) 144,770 Net assets at 31 December 2022 £356,728 £261,725 £144,770 £763.223 19

FRIENDS WORLD COMMITTEE FOR CONSULTATION (Registgred Charty No.: 211647) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Icontd... 11. MOVEMENT IN FUNDS Income Transfers At 1.1.23 Ilncl. inv Expenditure (Note 131 At 31.12.23 lossl Unrestrict9d Funds General Funds 244.160 198,159 216,209 226,110 Deslgnated Funds {unrestricted) WorSd Pbenary UN Conferences Attendance Fund Conference and T￿Ve1 Fund Young Adult Friends Fund 50.000 5,967 30,122 26,479 20.000 170,0001 5,967 30,122 26,479 Totsl Designated Funds 112,568 20,000 170,0001 62,568 Restricted Funds Justice and Peace Secretary World Plenary World Plenary Travel and Accommodation Quaker Online Sustainability Conferen Young Adult Friends Development Fund Sustainability Officer Future WGYF Fund Relief and Peace Making Fund 77,762 16,655 61,107 34.973 134,9731 670 79,625 29.463 104,973 155,805 5,478 5,478 213,978 26.162 240,140 5,000 1,626 5,000 1,006 620 Totsl Restricted Fund$ 261.725 183.549 46,738 70.000 468,536 Endovmient Funds Expendable Endowments". C.B. Taylor Travel Bursary Committee Travel 115,402 29,368 2,631 670 118,033 8.597 21,441 Total Endowment Funds 144,770 3,301 21,441 126.630 Total Funds £763,223 £405,009 £284,388 £Nil £883.844 Details of the above funds are given in note 12. 20

FRIENDS WORLD COMMITTEE FOR CONSULTATION (Registered Charlty No.: 211647) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Icontd... 11. MOVEMENT IN FUNDS Icontd... Comparatsve information ft)r the movement in fvjnds in the previous year is as follows= Income Transfers Al 1.1.22 {Incl. gains) Expenditure (Note 141 At 31.12.22 Unrestricted Funds General Funds 280,579 147,210 182.117 {1,5121 244,160 Designated Funds lunrestrictedl World Plenary UN Conferences Attendance Fund Conference and Travel Fund Young Adult Friends Fund 50,000 5,967 30,122 26,479 50,000 5,967 30,122 26,479 Total Deslgnated Funds 112,568 112,568 Restrlcted Funds Quaker United Nations Work- Geneva World Plenary Travel and Accommodation Quaker Online Sustainability Conference Young Adult Friends Development Fund Sustainability Officer Future WGYF Fund Relief and Peace Making Fund 1,512 1,512 28,745 670 8.376 2,148 34,973 670 5,478 5,478 240,891 122,1131 7,906 4,800 7,906 213,978 5,(K)O 1,647 5,000 1,626 1,965 1,986 Total Restricted Funds 282.431 13,866) 18,352 1,512 261,725 Endowment Funds Expendable Endowments.. C.B. TaylorTravel Bursary Committee Travel 134,458 66,331 119,0561 19,4011 115.402 29,368 27,562 Totsl Endowment Fund5 200,789 128,457} 27,562 144.770 Tolal Funds £876,367 £114,887 £228,031 £Nil £763,223 21

FRIENDS WORLD COMMIThEE FOR CONSULTATION (Registered Charity No.: 211647) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2023 Icontd... 12. PURPOSES OF FUNDS (MAJOR FUNDS ONLY) Deslgnated Funds Wortd Plena This fvnd has been established to ring-fence funds towards the costs of future World Plenary meeting$. Intemalional Re resenlatives Meetin Fund These meeting5 for representatives from Friends around the World occur normally at three to five yearly inlervals and this fund is lo even out the financial impact of organising the same. This fund ¢ontains any surplus lor deh'cill from International Representatives Meetings. It is used to meet expenses for the following Intemational Representslves Meeting (previously known as Triennialsl. UN Conferences Attend8nce Fund This is to fund Quaker representatives to selected United Nations ¢onferen¢es. confe￿nce and Travel Fund This fund is used to assist in the planning of, and travel to, international Conferences of Friends, particularly to assist in the participation of economically deprived Friends. It is also used for travel in the ministry betsveen Sections. Youn Adult Friends Fund This fund is made of funds from the dissolution of the World Gathering of Young Friends charity, plus aulhorisalion from their governing body to release restricted funds FWCC was holding on their behalf. This fund is used as directed by the Central Executive Committee (Trusleesl, with preference for activities wrth and for Young Adult Friends worldwide. Restricted Funds Quaker United Nations Work Funds received towards the work of ihe Quaker United Nations Offi￿ in Geneva and in New York. World Plena Funds received specifically towards the costs of future World Plenary meetings. Quaker Online Sustainabili Conference This fund resulted from a grant and other donations towards the costs of holding a conference on the subject of sustainability- Justice and Peace Secreta The Justice and Peace Fund has been established to support the work of the Justice and Peace Secretary, who will maintain contact belween the committee and the tsvo Quaker United Nations Offices, coordinate the Global Quaker Sustainability Network, and establish conversations between Quaker Organisations about Historical Justice.

FRIENDS WORLD COMMITTEE FOR CONSULTATION (Reglstered Charity No.: 211647) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Icontd... 12. PURPOSES OF FUNDS (MAJOR FUNDS ONLY> IGontd... R•$trlct8d Funds Icontd... Youn Adult Friends Develo ment Fund After an extensive review of the Quaker Youth Pilgrimage program, the CEC reached a decision to change the program from a biannual tour in Europe or the Americas for about ￿enty young adults to a grant-making program to support and empower youth events and activities around the world Sustsinabili OffI￿r BYM pays for half of the employment Cost of a Sustainability Officer who works fijll time for FWCC. In substance, this is a gift in kind and a reslricled grant towards salary costs. Future World Gatherin ofyoun Frtends Fund Seed funds lo be used lo meet the costs of a fvture Worfd Gathellng of Young Friends. Relief and Peace Makin Fund Money collected by Friends for transmission by FWCC to support Quaker work in aress of con)lict or distress. This fund also includes income which is to be passed direcuy to the intended recipient via FWCC. Endowment Funds ndable Endowments.. CB Ta lor Endowment Fund This provides resources lor Friends, travel in the ministry, primarily in economically deprived areas of the world with a focus on Africa and Asia. Committee Travel Endowment Fulld This fund enables committee members to participate in committee meetings wherever they are located. 13. TRANSFERS BETWEEN FUNDS12023) Be￿een Desi naled Funds and Restricted Funds £70,000 from World Plenary designated funds to world Plenary Travel & Accommodation restricted fvnds. £34,973 from World Plenary restricted funds to World Plenary Travel & Accommodation restri¢ted funds. 14. TRANSFERS BETWEEN FUNDS12022) Be￿een General and Restricted Funds £1,512 to Quaker United National office to cover the expenses. 23

FRIENDS WORLD COMMITTEE FOR CONSULTATION {Registered Charity No.: 211647} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Icontd... 15. CONTINGENT LIABILITIES The Pension Trust- The Growth Plan The charity participates in the above multi-employer pension scheme which provides benefits to some 1,300 non- associated participating employers. The scheme is a defined benefit scheme in the UK. 11 is not possible for the Charity to obtain Suff￿lent information to enable it to account for the scheme as a defined benefit scheme. Therefore, il accour¢ls for the ￿heme as a defined contribution scheme. The scheme is SLJbject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial standards issued by the Financial Reporb"ng Council, set out the framework for funding defined benefit occupational pension schemes in the UK. The scheme is classiffed as a 'last-man standing arrangement,. Therefore, the charity is potentially liable for other participating employers. obligations if those employers are unable to meet their share of the scheme defi¢it following wilhdffiwal from the scheme. Participating employers are legally required to meet their Sha￿ of the scheme deficit on an annuity purchase basis on withdrawal from the scheme. A full actuarial valuation for the scheme was carried out at 30 September 2020. This actuarial valuation showed assets of £800.3m, liabilities of £831.9m and a deficit of £31.6m. To eliminate this funding shortfall, the Trustees and the participating employers agreed that additional conth"bubons will be paid to the scheme as follows.. From 1 April 2022 10 31 January 2025. £3.312m per annum (payable monthly). The recovery plan contributions are allocated lo each partlcipaling employer in line with their estimated share of the Series 1 and Series 2 scheme liabilities. The charity's share of Ihe recovery plan contributions amounts lo £5,668 per annum up to 31 January 2025. The full amount of the contributions due under the original recovery plan which coMMen￿d in April 2013 totalling £110,983, was recognised as an expense in the year ended 31 December 2012. The recovery plan was subsequently amended with effect from 1 April 2016 and this resulted in an additional liability of £22,079 which was recognised as an expense in the year ended 31 Decefnber 2015. The eslimaled debt on withdrawal from the scheme is £33.590 leffective dale September 2022}. As a result of recent changes lo the reGovery plan, effective from 1 April 2022, which has seen the charity's contributions decrease, a credit of £3,694 was recognised against expenditure for the year ended 31 December 2022. 24

FRIENDS WORLD COMMIThEE FOR CONSULTATION (Reglstered Charity No.: 211647) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Iconld.. 16. OPERATING LEASE COMMITMENTS The total minimu¥n lease payments due under non-cancellable operating leases are as lollows.. 2023 2022 Land and Buildings Land and Buildings Other Other Due within.. One year One lo five years 13,628 13,628 Total minimum lease payments £13,628 £Nil £13,628 £Nil The total lease payments recognised as an expense in the Statement of Financial Activities amounts to £13,628 12022.. £15,285). 17. RELATED PARTY TRANSACTIONS Travel and a¢¢ommodab'on costs amounting to £21,441 12022.. £29.4191 were reimbursed to andlor paid on behalf of 14 Truslees12022.' 121. The aggregate donations received from related parties without conditions amounted to £1,000 {2022.. £2,062). 25

FRIENDS WORLD cOMMI￿EE FOR CONSULTATION (Registered Charity No.: 211647) UNRESTRICTED FUNDS FOR THE YEAR ENDED 31 DECEMBER 2023 Total Unrestricted Funds General FurKI$ Designated Funds 2023 Income and endowments from: Donattons and grants Charitable activities Investments 172,571 20,000 192,571 10,332 10,332 Total 182,903 20,000 202,903 Expenditure on: Raising funds Charitable activitses 7,851 208,358 7,851 208,358 Totsl 216,209 216,209 Not Incomellexpenditure) before Investment gains 133,3061 20,000 {13,3061 Net gains on investments 15,256 15,256 Net Incomellexpfrnditure) before transfers 118,0501 20,000 1.950 Transfers be￿een funds 170,000} {70.000) Net movement in funds 118.0501 {50,000) {68.0501 Total funds brought fo￿ard £244.160 £112,568 £356,728 Total funds ¢arrled forward £226,110 £62.568 £288,678 This page does not form part of the statutory Financial Statements. 26