| Page | |||
|---|---|---|---|
| Introduction from the Chair |
|||
| Report ofthe Trustees | 2 | to | 4 |
| Report ofthe Independent Auditors |
5 | to | 6 |
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes to the Financial Statements | 9 | to | 18 |
| FO | RTHE YEAR | ENDED 5AP | RIL 2021 | ||||
|---|---|---|---|---|---|---|---|
| 5.4.21 | 5.4.20 | ||||||
| Unrestricted | Restricted | Endowment | Total | Total | |||
| funds | fund | fund | funds | funds | |||
| Notes | |||||||
| INCOME AND | |||||||
| ENDOWMENTS FROM | |||||||
| Investment income |
251,487 | 251,487 | 295,803 | ||||
| EXPENDITURE ON | |||||||
| Raising funds | 61,282 | 61,282 | 56,579 | ||||
| Charitable activities |
|||||||
| Direct charitable grants |
323,331 | 323,331 | 353,088 | ||||
| Other | 27,702 | 27,702 | 32,283 | ||||
| Total | 351,033 | 61,282 | 412,315 | 441,950 | |||
| Net gains/(losses) on |
|||||||
| investments | 3,381,454 | 3,381,454 | (1,303,791) | ||||
| NET | |||||||
| INCOME/(EXPENDITURE) | (99,546) | 3,320,172 | 3,220,626 | (1,449,938) | |||
| Transfers between funds |
12 | 43,553 | (43,553) | ||||
| Net movement in funds |
(55,993) | 3,276,619 | 3,220,626 | (1,449,938) | |||
| RECONCILIATION | OF | ||||||
| FUNDS | |||||||
| Total funds brought forward | 73,632 | 10,266,312 | 10,339,944 | 11,789,882 | |||
| TOTAL FUNDS CARRIED | |||||||
| FORWARD | 17,639 | 13,542,931 | 13,560,570 | 10,339,944 |
| 5A | PRIL 2021 | ||||||
|---|---|---|---|---|---|---|---|
| 5.4.21 | 5.4.20 | ||||||
| Unrestricted | Restricted | Endowment | Total | Total | |||
| funds | fund | fund | funds | funds | |||
| Notes | |||||||
| FIXEDASSETS | |||||||
| Investments | 13,542,931 | 13,542,931 | 10,319,449 | ||||
| CURRENT | ASSETS | ||||||
| Debtors | 10 | 1,634 | 1,634 | 5,470 | |||
| Cash at bank | 27,669 | 27,669 | 60,564 | ||||
| 29,303 | 29,303 | 66,034 | |||||
| CREDITORS | |||||||
| Amounts falling due within one |
|||||||
| year | 11 | (11,664) | (11,664) | (45,539) | |||
| NET CURRENT ASSETS | 17,639 | 17,639 | 20,495 | ||||
| TOTAL ASSETSLESS | |||||||
| CURRENT | LIABILITIES | 17,639 | 13,542,931 | 13,560,570 | 10,339,944 | ||
| NET ASSETS | 17,639 | 13,542,931 | 13,560,570 | 10,339,944 | |||
| FUNDS | 12 | ||||||
| Unrestricted | funds | 17,639 | 73,632 | ||||
| Endowment | funds | 13,542,931 | 10,266,312 | ||||
| TOTAL FUNDS | 13,560,570 | 10,339,944 |
| INVESTMENT INCOME | ||
|---|---|---|
| 5.4.21 | 5.4.20 | |
| UK stock exchange - Dividends | 214,897 | 254,467 |
| UK stock exchange - Fixed interest | 36,590 | 38,994 |
| Bank interest | 2,342 | |
| 251,487 | 295,803 |
| 5.4.21 | 5.4.20 | ||
|---|---|---|---|
| Quaker Work &Witness | |||
| Britain Yearly Meeting | 50,000 | ||
| Quaker Tapestry | 10,000 | ||
| Rookhow | 5,000 | ||
| Woodbrooke Quaker Study Centre |
25,000 | ||
| Glenthorne Quaker Centre (forKindlers) |
5,000 | ||
| 1(I)Other grants up to $3,000each | 2,000 | 1,000 | |
| 67,000 | 31,000 | ||
| 5.4.21 | 5.4.20 | ||
| Peace and Reconciliation | |||
| Nuclear Education Trust (CND Peace | Education) | 3,150 | |
| British American Security Information |
Council (BASIC) | 3,000 | |
| British Shalom Salaam Trust | 3,000 | ||
| International Refugee Trust |
3,000 | ||
| Peace Brigades International | 3,000 | 3,000 | |
| British Friends ofQCEA | 3,000 | ||
| Yachad | 3,000 | ||
| 3(5)Other grants up to K3,000each | 5,250 | 8,895 | |
| 20,400 | 17„895 | ||
| 5.4.21 | 5.4.20 | ||
| Environmental Action and Sustainability |
|||
| Friends ofthe Earth Scotland | 5,000 | ||
| Meanwood Valley Urban Farm |
5,000 | ||
| Bumba Foundation | 3,000 | ||
| Friends ofMonze | 3,000 | ||
| Lake District Foundation | 3,000 | ||
| Life Cycle UK | 3,000 | ||
| Natural History Consortium |
3,000 | ||
| Sunnyside Rural Trust |
5,000 | ||
| Feed the Minds | 3,000 | ||
| Hope for the Future | 3,000 | ||
| Little Ouse Headwaters Project |
3,000 |
| Tuppenny Barn Education |
3,000 | |||
|---|---|---|---|---|
| UKHarvest LTD | 3,000 | |||
| West Cumbria Rivers Trust | 3,000 | |||
| 2(5)Other grants up to X3,000each | 4,000 | 9,402 | ||
| 29,000 | 32,402 | |||
| 5.4.21 | 5.4.20 | |||
| Social Action | ||||
| Amantani UK |
5,000 | |||
| Carers Worldwide | 5,000 | |||
| City ofSanctuary | 5,000 | |||
| Create Recovery Ltd | 5,000 | |||
| Dentaid | 5,000 | |||
| ECPAT UK | 5,000 | |||
| Frontier Youth Trust | 5,000 | |||
| Happy Baby Community | 5,000 | |||
| Hope for Kids | 5,000 | |||
| Khulisa | 5,000 | |||
| Norwich-Dedza Partnership |
5,000 | |||
| Quaker Service | 5,000 | |||
| Quaker Social Action | 5,000 | |||
| Redress Trust | 5,000 | |||
| Scholarship 4 Street Kids | 5,000 | 4,854 | ||
| START (Students and Refugees | Together) | 5,000 | ||
| Traveller Space | 5,000 | |||
| StAugustine's Centre Halifax |
4,917 | 3,000 | ||
| Malawi Music Fund | 4,000 | |||
| Medic to Medic | 3,910 | |||
| Survivors Fund (SURF) | 3,684 | |||
| Grand Union Studios | 3,380 | |||
| Children in Need India |
3„000 | 3,000 | ||
| Faithworks Wessex |
3,000 | |||
| Five Talents UK | 3,000 | |||
| Forward A&icaEducation | Trust | 3,000 | ||
| Give aBook | 3,000 | |||
| Hello World | 3,000 | |||
| Karen Hilltribes Trust |
3,000 | |||
| Kisumu Children | 3,000 | |||
| Made in Hackney | 3,000 | |||
| Nottinghamshire Refugee Forum |
3,000 | 3,000 | ||
| No Way Trust | 3,000 | |||
| Peace Child International | 3,000 | |||
| Pragya UK | 3,000 | |||
| Raising Futures Kenya | 3,000 | |||
| Routes to Roots (Poole) | 3,000 | |||
| Salt ofthe Earth | 3,000 | 3,000 | ||
| School Club Zambia | 3,000 | |||
| Team Kenya | 3,000 | |||
| Tools for SelfReliance | 3,000 | 3,000 | ||
| Traidcraft Exchange | 3,000 | 3,000 | ||
| Turning Point Trust | 3,000 | |||
| Water Harvest | 3,000 | 3,000 | ||
| Second Sight | 10,000 | |||
| Together We Grow) Calderdale Commy Foundation ( |
5,000 | |||
| Edinburgh Direct Aid |
5,000 |
| Feast Youth Project | 5,000 | |||||
|---|---|---|---|---|---|---|
| Outside Edge Theatre | Co | 5,000 | ||||
| Pecan | 5,000 | |||||
| ReWork Ltd Bristol | 5,000 | |||||
| West Yorkshire Community | Chaplaincy | Project | 5,000 | |||
| Create (Arts) Ltd | 4,709 | |||||
| Peasholme Centre York |
4,500 | |||||
| Hope at Home | 4,300 | |||||
| Livingstone Tanzania |
Trust | 3,400 | ||||
| AdAmi Project | 3,000 | |||||
| Advocacy Academy | 3,000 | |||||
| African Outreach | 3,000 | |||||
| Alternatives Watford |
3,000 | |||||
| Amigos Worldwide | 3,000 | |||||
| BASED-UK | 3,000 | |||||
| Baynards Zambia Trust | 3,000 | |||||
| Changing Tunes |
3,000 | |||||
| CHASE A&ica | 3,000 | |||||
| Child ofHope | 3,000 | |||||
| Children ofRwanda | 3,000 | |||||
| Cowcliffe Preschool | 3,000 | |||||
| DEKILtd | 3,000 | |||||
| Downs Syndrome International |
3,000 | |||||
| DZIFoundation | 3,000 | |||||
| Forgiveness Project | 3,000 | |||||
| Fresh Start (Scotland) | 3,000 | |||||
| International Association for |
Human Values | 3,000 | ||||
| Keys Project | 3,000 | |||||
| Kids Aid Tanzania | 3,000 | |||||
| Kids Club Kampala | 3,000 | |||||
| Learning Partnerships | 3,000 | |||||
| Lorna Young Foundation | 3,000 | |||||
| Makhad Trust | 3,000 | |||||
| Medair UK | 3,000 | |||||
| Nepal Youth Foundation | 3,000 | |||||
| Oarsome Chance | 3,000 | |||||
| On Call Africa | 3,000 | |||||
| Orkid studio | 3,000 | |||||
| Practical Tools Initiative | 3,000 | |||||
| Purple Field Productions | 3,000 | |||||
| Recovery Two | 3,000 | |||||
| Redress Trust | 3,000 | |||||
| Restore (Birmingham | Churches Together) | 3,000 | ||||
| Saltbox | 3,000 | |||||
| Sedgely and District Community | Association | 3,000 | ||||
| STAR (Student Action | for Refugees) | 3,000 | ||||
| Surrey Drug and Alcohol Care | 3,000 | |||||
| Wycombe Youth Action | 3,000 | |||||
| Young Ealing Foundation | 3,000 | |||||
| Zambia Orphans Aid | 3,000 | |||||
| IS(29)Other grants up to$3,000 each | 36,040 | 61,02S | ||||
| 206,931 | 271,791 |
| 5.4.21 | 5.4.20 | |||||
|---|---|---|---|---|---|---|
| Fees payable to the charity's | auditors for the audit ofthe charity's | financial | ||||
| statements | 3,550 | 3,740 | ||||
| Auditors' | remuneration | for | non audit work | 1,910 | 2,020 |
| Trustees' | expenses | ||
|---|---|---|---|
| 5.4.21 | 5.4.20 | ||
| Trustees' | expenses | 62 | 1,926 |
| STAFFCOSTS | ||||||
|---|---|---|---|---|---|---|
| 5.4.21 | 5.4.20 | |||||
| Wages and salaries | 20,173 | 11,062 | ||||
| Other pension costs | 1,008 | 541 | ||||
| 21,181 | 11,603 | |||||
| The average monthly | number ofemployees | during the year was as follows: | ||||
| 5.4.21 | 5.4.20 | |||||
| Administration | 1 | 1 | ||||
| No employees received emoluments |
in excess of$60,000. | |||||
| COMPARATIVES | FORTHE STATEMENT OFFINANCIAL ACTIVITIES | |||||
| Unrestricted | Restricted | Endowment | Total | |||
| funds | fund | fund | funds | |||
| INCOME AND ENDOWMENTS | FROM | |||||
| Investment income |
295,803 | 295,803 | ||||
| EXPENDITURE ON | ||||||
| Raising funds | 56,579 | 56,579 | ||||
| Charitable activities |
||||||
| Direct charitable grants |
353,088 | 353,088 | ||||
| Other | 32,283 | 32,283 | ||||
| Total | 385,371 | 56,579 | 441,950 | |||
| Net gains/(losses) on |
investments | (1,303,791) | (1,303,791) |
| FORTHE YEA | FORTHE YEA | FORTHE YEA | R ENDED 5APRIL 2021 | R ENDED 5APRIL 2021 | R ENDED 5APRIL 2021 | ||
|---|---|---|---|---|---|---|---|
| COMPARATIVES FORTHE STATEMENT | OF FINANCIAL ACTIVITIES - continued | ||||||
| Unrestricted | Restricted | Endowment | Total | ||||
| funds | fund | fund | funds | ||||
| NET INCOME/(EXPENDITURE) | (89,568) | (1,360,370) | (1,449,938) | ||||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 163,200 | 11,626,682 | 11,789,882 | |||
| TOTAL FUNDS CARRIED FORWARD | 73,632 | 10,266,312 | 10,339,944 | ||||
| 9. | FIXEDASSETINVESTMENTS | ||||||
| Listed | |||||||
| investments | |||||||
| MARKET VALUE | |||||||
| At 6April 2020 | 10,319,449 | ||||||
| Additions | 1,358,110 | ||||||
| Disposals | (1,287,880 ) | ||||||
| Revaluations including |
cash movement | 3,153,252 | |||||
| At 5 April 2021 | 13,542,931 | ||||||
| NET BOOKVALUE | |||||||
| At 5 April 2021 | 13,542,931 | ||||||
| At 5 April 2020 | 10,319,449 | ||||||
| There were no investment | assets outside the UK. | ||||||
| The following investments |
have amarket value greater than 5%ofthe total portfolio | oflisted investments. | |||||
| 5.4.21 | 5.4.20 | ||||||
| Brown Advisory Funds | 1,081,722 | 742,558 |
| DEBTORS | :AMOUNTS FALL | ING DUE WITHIN ONE Y | EAR | ||
|---|---|---|---|---|---|
| 5.4.21 | 5.4.20 | ||||
| Prepayments | and accrued income | 1,634 | 5,470 | ||
| CREDITORS: AMOUNTS FALLING DUK WITHIN ONE | YEAR | ||||
| 5.4.21 | 5.4.20 | ||||
| Social security and other taxes | 440 | 224 | |||
| Pensions payable |
125 | 281 | |||
| Accrued expenses | 11,099 | 45,034 | |||
| 11,664 | 45,539 | ||||
| MOVEMENT IN FUNDS | |||||
| Net | Transfers | ||||
| movement | between | At | |||
| At 6.4.20 | in funds | funds | 5.4.21 | ||
| Unrestricted | funds | ||||
| Income fund | 73,632 | (99,546) | 43,553 | 17,639 | |
| Endowment | funds | ||||
| Endowment | fund | 10,266,312 | 3,320,172 | (43,553) | 13,542,931 |
| TOTAL FUNDS | 10,339,944 | 3,220,626 | 13,560,570 | ||
| Net movement in funds, included |
in the above are as follows: | ||||
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| Income fund | 251,487 | (351,033) | (99,546) | ||
| Endowment | funds | ||||
| Endowment | fund | (61,282) | 3,381,454 | 3,320,172 | |
| TOTAL FUNDS | 251,487 | (412,315) | 3,381,454 | 3,220,626 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 6.4.19 | in funds | 5.4.20 | ||
| Unrestricted | funds | |||
| Income fund | 163,200 | (89,568) | 73,632 | |
| Endowment | funds | |||
| Endowment | fund | 11,626,682 | (1,360,370) | 10,266,312 |
| TOTAL FUNDS | 11,789,882 | (1,449,938) | 10,339,944 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| Income fund | 295,803 | (385,371) | (89,568) | |||
| Endowment | funds | |||||
| Endowment | fund | (56,579) | (1,303,791) | (1,360,370) | ||
| TOTAL FUNDS | 295,803 | (441,950) | (1,303,791) | (1,449,938) | ||
| A current year 12months | and prior year 12months | combined position is as follows: | ||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 6.4.19 | in funds | funds | 5.4.21 | |||
| Unrestricted | funds | |||||
| Income fund | 163,200 | (189,114) | 43,553 | 17,639 | ||
| Endowment | funds | |||||
| Endowment | fund | 11,626,682 | 1,959,802 | (43,553) | 13,542,931 | |
| TOTAL FUNDS | 11,789,882 | 1,770,688 | 13,560,570 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| Income fund | 547,290 | (736,404) | (189,114) | ||
| Endowment | funds | ||||
| Endowment | fund | (117,861) | 2,077,663 | 1,959,802 | |
| TOTAL FUNDS | 547,290 | (854,265) | 2,077,663 | 1,770,688 |