| Page | |||
|---|---|---|---|
| Introduction from the Chair |
|||
| Report ofthe Trustees | 2 | to | 4 |
| Report ofthe Independent Auditors |
5 | to | 7 |
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes to the Financial Statements | 10 | to | 21 |
| FO | RTHK YEAR | ENDED 5AP | RIL 2023 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 5.4.23 | 5.4.22 | ||||||||
| Unrestricted | Restricted | Endowment | Total | Total | |||||
| funds | fund | fund | funds | funds | |||||
| Notes | |||||||||
| INCOME AND | |||||||||
| ENDOWMENTS | FROM | ||||||||
| Investment income |
328,823 | 328,823 | 273,091 | ||||||
| EXPENDITURE | ON | ||||||||
| Raising funds | 57,851 | 57,851 | 69,868 | ||||||
| Charitable activities |
|||||||||
| Direct charitable grants |
315,501 | 315,501 | 411,948 | ||||||
| Other | 45,720 | 45,720 | 36,592 | ||||||
| Total | 361,221 | 57,851 | 419,072 | 518,408 | |||||
| Net gains/(losses) | on | ||||||||
| investments | (1,745,906) | (l,745,906 ) | 473,199 | ||||||
| NET | |||||||||
| INCOME/(EXPENDITURE) | (32,398) | (1,803,757) | (1,836,155) | 227,882 | |||||
| Transfers between |
funds | 13 | 32,582 | (32,582) | |||||
| Net movement in |
funds | 184 | (1,836,339) | (1,836,155 ) | 227,882 | ||||
| RECONCILIATION | OF | ||||||||
| FUNDS | |||||||||
| Total funds brought | forward | (11,506) | 13,799,958 | 13,788,452 | 13,560,570 | ||||
| TOTAL FUNDS | CARRIED | ||||||||
| FORWARD | (11,322) | 11,963,619 | 11,952,297 | 13,788,452 |
| 5.4.23 | 5.4.22 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | fund | fund | funds | funds | ||
| Notes | ||||||
| FIXEDASSETS | ||||||
| Investments | 10 | 11,963,619 | 11,963,619 | 13,799,958 | ||
| CURRENT ASSETS | ||||||
| Debtors | 5,516 | 5,516 | 2,068 | |||
| Cash at bank | 21,268 | 21,268 | 23,722 | |||
| 26,784 | 26,784 | 25,790 | ||||
| CREDITORS | ||||||
| Amounts falling due within one |
||||||
| year | 12 | (38,106) | (38,106) | (37,296) | ||
| NET CURRENT | ||||||
| ASSETS/(LIABILITIES) | (11,322) | (11,322) | (11,506) | |||
| TOTAL ASSETSLESS | ||||||
| CURRENT LIABILITIES | (11,322) | 11,963,619 | 11,952,297 | 13,788,452 | ||
| NET ASSETS | (11,322) | 11,963,619 | ]1,952,297 | 13,788,452 | ||
| FUNDS | 13 | |||||
| Unrestricted funds |
(11,322) | (11,506) | ||||
| Endowment funds |
11,963,619 | 13,799,958 | ||||
| TOTALFUNDS | 11,952,297 | 13,788,452 |
| 5.4.23 | 5.4.22 | ||
|---|---|---|---|
| UK stock exchange | —Dividends | 257,328 | 220,344 |
| UK stock exchange | - Fixed interest | 69,280 | 52,747 |
| Bank interest | 2,215 | ||
| 328,823 | 273,091 |
| Investment | management costs |
||
|---|---|---|---|
| 5,4.23 | 5.4.22 | ||
| Portfolio management | 56,351 | 68,177 | |
| Investment | advice | 1,500 | 1,691 |
| 57,851 | 69,868 | ||
| GRANTS | PAYABLE | ||
| 5.4.23 | 5.4.22 | ||
| Direct charitable grants |
315,501 | 411,948 |
| 5.4.23 | 5.4.22 | |||
|---|---|---|---|---|
| Quaker Work &Witness | ||||
| Britain Yearly Meeting | 50,000 | 50,000 | ||
| Airton Friends Meeting | 5,000 | 5,000 | ||
| Glenthome Quaker Centre |
5,000 | |||
| Quaker Tapestry | 5,000 | |||
| Crawshawbooth Quakers |
3,000 | |||
| Forward Africa Education | 3,000 | |||
| Sussex East Quakers | 3,000 | |||
| Gatesbield Quaker Housing |
Trust | 6,500 | ||
| Owestry Quaker Meeting |
5,000 | |||
| 0(1)Other grants up to E3,000 |
each | 2,000 | ||
| 74,000 | 68,500 | |||
| 5.4.23 | 5,4.22 | |||
| Peace and Reconciliation | ||||
| Peace Museum | 5,000 | 5,000 | ||
| Quaker Congo Partnership | 4,000 | 4,000 | ||
| Blackley Centre | 3,000 | |||
| Headliners (UK) |
3,000 | |||
| Lansbury House Trust |
3,000 | |||
| Peacemakers (WMQPEP) |
3,000 | 3,000 | ||
| Safe! Support for Young People Affected by Crime | 3,000 | 3,000 | ||
| CRESST | 4,875 | |||
| Alternatives to Violence Project (AVP) |
3,000 | |||
| BEARR Trust | 3,000 | |||
| British Shalom Salaam Trust | 3,000 | |||
| Habitat for Humanity GB |
3,000 | |||
| International Voluntary Services |
3,000 | |||
| Spirit ofPeace | 3,000 | |||
| Welsh Centre for international | Affairs | 3,000 | ||
| 1 (1)Other grants up to K3,000 |
each | 2,250 | 2,500 | |
| 26,250 | 43,375 |
| 5.4.23 | 5.4.22 | ||||
|---|---|---|---|---|---|
| Enviroumental Action |
and Sustainability | ||||
| Climate Ed Grant | 5,000 | ||||
| Movements Trust (Climate |
Emergency UK) | 5,000 | |||
| Caplor Horizons | 3,000 | ||||
| Carymoor Environmental | Trust | 3,000 | |||
| Clear Rivers Trust | 3,000 | ||||
| Friends ofMonze | 3,000 | ||||
| Ghana Outlook | 3,000 | ||||
| Lotus Flower Trust | 3,000 | ||||
| Mango Tree Orphan | Support | 3,000 | |||
| SEED | 3,000 | ||||
| Sumatran Orangutan |
Society | 3,000 | |||
| Third I-Iope | 3,000 | ||||
| Tripod Ltd | 3,000 | ||||
| Tuppenny Barn Education |
3,000 | ||||
| UK Harvest Ltd | 3,000 | ||||
| Zimbabwe Educational |
Trust | 3,000 | |||
| Feed the Mind | 5,000 | ||||
| Aber Food Surplus Ltd | 4,570 | ||||
| Springhead Trust |
4,500 | ||||
| Classroom in the Clouds |
3,000 | ||||
| Eco Birmingham | 3,000 | ||||
| Frozen Ark Project | 3,000 | ||||
| International Needs UK |
3,000 | ||||
| Midlands Park Forum |
3,000 | ||||
| 4(5)Other grants up |
to | K3,000 each | 7,500 | 10,720 | |
| 59,500 | 39,790 | ||||
| 5.4.23 | 5.4.22 | ||||
| Social Action | |||||
| Bloody Good Period | 5,000 | ||||
| DZI Foundation | 5,000 | 5,000 | |||
| No Way Trust | 5,000 | ||||
| Norwich-Dezda Partnership |
5,000 | ||||
| Rainbow Migration | 5,000 | ||||
| Second Sight | 5,000 | ||||
| Shareware Clothing |
Scheme | 5,000 | |||
| StAugustine Centre |
Halifax | 4,917 | 4,917 | ||
| Hope at Home | 4,300 | 4,300 | |||
| SALVE International | 3,945 | ||||
| Alternatives to Violence |
3,000 | ||||
| AMURT UK | 3,000 | ||||
| Barons Court Project | 3,000 | ||||
| Child in Need | 3,000 | 3,000 | |||
| Children Change Colombia |
3,000 | ||||
| CIFA Trust | 3,000 | ||||
| Clowns Without Borders | 3,000 | ||||
| Entraide (Mutual Aid) | 3,000 | 3,000 | |||
| Faithworks Wessex |
3,000 | 3,000 | |||
| Five Talents UK | 3,000 | 3,000 | |||
| Growing Well Limited |
3,000 | ||||
| HALOW (Birmingham) | 3,000 | ||||
| Hardman Trust |
3,000 | ||||
| lce and Fire Theatre | Company | 3,000 |
| Maun Refuge | 3,000 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| National Association |
for Children | ofAlcoholics (N | ACOA) | 3,000 | 3,000 | |||||||
| Nottinghamshire Refugee |
Forum | 3,000 | ||||||||||
| Prison Phoenix Trust | 3,000 | |||||||||||
| Salt ofthe Earth | 3,000 | |||||||||||
| Sanctuary Kirklees |
3,000 | |||||||||||
| STAA | 3,000 | |||||||||||
| Sudden Productions | 3,000 | |||||||||||
| Survivors Fund (SURF) |
3,000 | |||||||||||
| Survivors ofHuman | Trafficking | 3,000 | ||||||||||
| Treasures Foundation | 3,000 | |||||||||||
| Turning Point Trust | 3,000 | |||||||||||
| Young Roots | 3,000 | |||||||||||
| Calderdale Community |
Foundation | (Together We | Grow) | 5,000 | ||||||||
| Changing Tunes |
5,000 | |||||||||||
| Create (Arts) Limited | 5,000 | |||||||||||
| West Yorkshire Community |
Chaplaincy | Project | 5,000 | |||||||||
| Quaker Tapestry Ltd | 5,000 | |||||||||||
| Sheffield Methodist | District | (Who | is Your Neighb | 5,000 | ||||||||
| Team Kenya | 5,000 | |||||||||||
| Project Buzz Ltd | 4,616 | |||||||||||
| Joseph Rowntree Charitable |
Trust | (for Seeds for C | hange) | 4,500 | ||||||||
| Broomhall Centre |
4,315 | |||||||||||
| Baynards Zambia Trust | 4,000 | |||||||||||
| LAMB Health Care | Foundation | 3,643 | ||||||||||
| AdAmi Project | 3,000 | |||||||||||
| A&ican Outreach | 3,000 | |||||||||||
| Alternatives Trust East London |
3,000 | |||||||||||
| BASEDUK | 3,000 | |||||||||||
| Cambridge Development |
Initiative | 3,000 | ||||||||||
| Carers Worldwide | 3,000 | |||||||||||
| Carriers ofHope | 3,000 | |||||||||||
| Children ofRwanda | 3,000 | |||||||||||
| Disability A&ica | 3,000 | |||||||||||
| Downs Syndrome International |
3,000 | |||||||||||
| Economic, Social and | Cultural | Rights in | Just Fair) the UK ( |
3,000 | ||||||||
| Educaid Siera Leone | 3,000 | |||||||||||
| EdUKaid | 3,000 | |||||||||||
| Eduspots | 3,000 | |||||||||||
| Emmanuel International |
3,000 | |||||||||||
| Friends ofHebden Bridge | Picture | House | 3,000 | |||||||||
| Hands Around The World |
3,000 | |||||||||||
| HealthProm | 3,000 | |||||||||||
| Hinge Centre | 3,000 | |||||||||||
| Hope International Development |
Agency | 3,000 | ||||||||||
| Hot Lines Meals Service | 3,000 | |||||||||||
| Inter Care Ltd | 3,000 | |||||||||||
| Kidasha | 3,000 | |||||||||||
| Kids Club Kampala | 3,000 | |||||||||||
| Labour Behind the Label | 3,000 | |||||||||||
| LAFI Burkina | 3,000 | |||||||||||
| LIFEFoundation | 3,000 | |||||||||||
| Livingstone Tanzania |
Trust | 3,000 | ||||||||||
| Lorna Young Foundation | 3,000 | |||||||||||
| Made in Hackney | 3,000 | |||||||||||
| Makhad Trust | 3,000 | |||||||||||
| Morton Hall Visitors | Group | 3,000 |
| 4. | GRANTS PAYABLE | - continued | |||
| On Call A&ica | 3,000 | ||||
| PartnerAid UK |
3,000 | ||||
| PHASE Worldwide | 3,000 | ||||
| Prisoners' Penfriends |
3,000 | ||||
| Quaker Service | 3,000 | ||||
| Raising Futures Kenya | 3,000 | ||||
| Refugee Action Kingston | 3,000 | ||||
| Rwanda Action | 3,000 | ||||
| Student Action for Refugees (STAR) | 3,000 | ||||
| Surrey Drug &Alcohol | Care | 3,000 | |||
| Teach2Teach International | 3,000 | ||||
| Traidcraft Exchange | 3,000 | ||||
| UK Harvest Ltd | 3,000 | ||||
| Unlock | 3,000 | ||||
| Water Harvest | 3,000 | ||||
| Zink Project | 3,000 | ||||
| 14(15)Other grants | up | to $3,000 each | 24,589 | 30,992 | |
| 153,751 | 260,283 | ||||
| 5.4.23 | 5.4.22 | ||||
| Southall Award | |||||
| Bath Spa University | 2,000 | ||||
| 2,000 | |||||
| 5. | SUPPORT COSTS | ||||
| Governance | |||||
| costs | |||||
| Other resources expended | 45,720 | ||||
| Support costs, included | in the above, are as follows: | ||||
| 5.4.23 | 5.4.22 | ||||
| Other | |||||
| resources | Total | ||||
| expended | activities | ||||
| Trustees' remuneration |
etc | 777 | 972 | ||
| Wages | 24,989 | 20,835 | |||
| Pensions | 1,250 | ],042 | |||
| Auditors' remuneration |
4,401 | 3,823 | |||
| Auditors' remuneration |
for non audit work | 2,305 | 2,141 | ||
| Insurance | 385 | ||||
| Meeting expenses | 2,713 | 4,906 | |||
| Other administration | costs | 1,550 | 1,793 | ||
| Legal and professional | fees | 7,350 | 1,080 | ||
| 45,720 | 36,592 |
| 5.4,23 | 5.4.22 | |||||
|---|---|---|---|---|---|---|
| Fees payable to the charity's | auditors for the audit ofthe charity's | financial | ||||
| statements | 4,401 | 3,823 | ||||
| Auditors' | remuneration | for | non audit work | 2,305 | 2,141 |
| Trustees' | expenses | ||
|---|---|---|---|
| 5.4.23 | 5.4.22 | ||
| Trustees' | expenses | 777 | 972 |
| STAFF COSTS | ||||||
|---|---|---|---|---|---|---|
| 5.4.23 | 5.4.22 | |||||
| Wages and salaries | 24,989 | 20,835 | ||||
| Other pension costs | 1,250 | 1,042 | ||||
| 26,239 | 21,877 | |||||
| The average monthly | number ofemployees | during the year was as follows: | ||||
| 5.4.23 | 5.4.22 | |||||
| Administration | 1 | 1 | ||||
| No employees received emoluments |
in excess off60,000. | |||||
| COMPARATIVKS | FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||||
| Unrestricted | Restricted | Endowment | Total | |||
| funds | fund | fund | funds | |||
| INCOME AND ENDOWMENTS | FROM | |||||
| Investment income |
273,091 | 273,091 | ||||
| EXPENDITURE ON | ||||||
| Raising funds | 69,868 | 69,868 | ||||
| Charitable activities |
||||||
| Direct charitable grants |
411,948 | 411,948 | ||||
| Other | 36,592 | 36,592 | ||||
| Total | 448,540 | 69,868 | 518,408 |
| COMPARATIVES | FOR THK STATEMENT OF FINANCIAL | FOR THK STATEMENT OF FINANCIAL | FOR THK STATEMENT OF FINANCIAL | ACTIVITIES - continued | ACTIVITIES - continued | ||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | ||||
| funds | fund | fund | funds | ||||
| Net gains on investments | 473,199 | 473,199 | |||||
| NET INCOME/(EXPENDITURE) | (175,449) | 403,331 | 227,882 | ||||
| Transfers between |
funds | 146,304 | (146,304) | ||||
| Net movement in funds |
(29,145) | 257,027 | 227,882 | ||||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 17,639 | 13,542,931 | 13,560,570 | |||
| TOTAL FUNDS CARRIED FORWARD | (11,506) | 13,799,958 | 13,788,452 | ||||
| 10. | FIXEDASSET INVKSTMKNTS | ||||||
| Listed | |||||||
| investments | |||||||
| MARKET VALUE | |||||||
| At 6 April 2022 | 13,799,958 | ||||||
| Additions | 1,322,498 | ||||||
| Disposals | (1,534,593 ) | ||||||
| Revaluations including |
cash movement | (1,624,244 ) | |||||
| At 5 April 2023 | 11,963,619 | ||||||
| NET BOOK VALUE | |||||||
| At 5 April 2023 | 11,963,619 | ||||||
| At 5 April 2022 | 13,799,958 | ||||||
| The investments are |
located as follows; | ||||||
| 5.4.23 | 5.4.22 | ||||||
| Within UK | 9,543,253 | 11,541,148 | |||||
| Outside the UK | 2,420,366 | 2,258,810 | |||||
| 11,963,619 | 13,799,958 |
| Analysis ofinvestments | at fair | value | |||
|---|---|---|---|---|---|
| 5.4.23 | 5.4.22 | ||||
| Equities | 10,517,380 | 12,753,618 | |||
| Fixed interest securities | 1,310,594 | 906,346 | |||
| Cash held within the investment | portfolio | 135,645 | 139,994 | ||
| 11,963,619 | l | 3,799,958 |
| DEBTORS: | AMOUNTS FALLING DUE | WITHIN ONE Y | EAR | |||
|---|---|---|---|---|---|---|
| 5.4.23 | 5.4.22 | |||||
| Prepayments | and accrued income | 5,516 | 2,068 | |||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||||
| 5.4.23 | 5.4.22 | |||||
| Social security and other taxes |
1,270 | 826 | ||||
| Pensions payable |
180 | 131 | ||||
| Accrued expenses | 36,656 | 36,339 | ||||
| 38,106 | 37,296 | |||||
| MOVEMENT IN FUNDS | ||||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 6.4.22 | in | funds | funds | 5.4.23 | ||
| Unrestricted | funds | |||||
| Income fund | (11,506) | (32,398) | 32,582 | (11,322) | ||
| Endowment | funds | |||||
| Endowment | fund | 13,799,958 | (1,803,757) | (32,582) | 11,963,619 | |
| TOTAL FUNDS | 13,788,452 | (1,836,]55 ) | 11,952,297 |
| Incoming | Resources | Gains and | Movement | ||||
|---|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||||
| Unrestricted | funds | ||||||
| Income fund | 328,823 | (361,221) | (32,398) | ||||
| EndowInent | funds | ||||||
| Endowment | fund | (57,851) | (1,745,906) | (1,803,757) | |||
| TOTAL FUNDS | 328,823 | (419,072) | (1,745,906) | (1,836,155 ) | |||
| Comparatives | for movement | in funds | |||||
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 6,4.21 | in funds | funds | 5.4.22 | ||||
| Unrestricted | funds | ||||||
| Income fund | 17,639 | (175,449) | 146,304 | (11,506) | |||
| Endowment | funds | ||||||
| Endowment | fund | 13,542,931 | 403,331 | (146,304) | 13,799,958 | ||
| TOTALFUNDS | 13,560,570 | 227,882 | 13,788,452 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| Income fund | 273,091 | (448,540) | (175,449) | ||
| Endowment | funds | ||||
| Endowment | fund | (69,868) | 473,199 | 403,331 | |
| TOTAL FUNDS | 273,09] | (518,408) | 473,199 | 227,882 |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 6.4.21 | in funds | funds | 5.4.23 | ||
| Unrestricted | funds | ||||
| Income fund | 17,639 | (207,847) | 178,886 | (11,322) | |
| Endowment | funds | ||||
| Endowment | fund | 13,542,931 | (1,400,426) | (178,886) | 11,963,619 |
| TOTAL FUNDS | 13,560,570 | (1,608,273) | 11,952,297 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| Income fund | 601,914 | (809,761) | (207,847) | ||
| Endowment | funds | ||||
| Endowment | fund | (127,719) | (1,272,707) | (1,400,426) | |
| TOTAL FUNDS | 601,914 | (937,480) | (1,272,707) | (1,608,273 ) |