#
#
##
|||Page|
|---|---|---|
|Reference and administrative
details|||
|Trustees'
Report||2-10|
|Report ofthe independent
Auditors||11-13|
|Charity Statement of Financial Activities||14|
|Consolidated
(Group) Statement ofFinancial Activities||15|
|Charity aalance Sheet and Consolidated|(Group) ealance sheet|16|
|Group Statement of Cash Flow||17|
|Notes tothe Financial Statements||18-32|
##
##
##
##
##
##
##
##
##
##
||Strengthening
the life and witness ofQuaker|meetings
both in the|meetings
both in the|area of|Central|Central|England Area||
|---|---|---|---|---|---|---|---|---|
||Meeting and beyond;||||||||
||Spreading the message ofQuakers
and interpreting||and developing|the thought||and practice ofthe|||
||Religious Society;||||||||
||Undertaking
Quaker service for the relief of|suffering at home and||abroad;|||||
|IV.|Funding the concerns that Quaker meetings|in the|area ofCentral|England|Area|Meeting or beyond|||
||have adopted or agreed to support;||||||||
||Providing the pastoral care ofindividual
members||and Attenders
including||assistance to those in need||||
||and for education;||||||||
|VL|Maintaining
and developing
Quaker Meeting|Houses as places for||public worship|||and from which to||
||carry out our witness to the world;||||||||
|VIL|Administering
and maintaining
the organisation
of||Central
England|Area Meeting|||and contributing|to|
||the support of Britain Yearly Meeting.||||||||
##
##
##
##
##
##
##
##
##
##
##
##
|al beneficiari|es (f):-||
|---|---|---|
|Beneficiaries|||
|Overseas beneficiaries|||
|Non-CEQ Quaker charities||32,195|
|Britain Yearly|Meeting|38,330|
|Non-Quaker|charities|25,839|
|Non-charities||4,715|
|TOTAL||101,079|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|CHARITY STATEMENT|OF FINANCIAL ACTI|VITIES FORTHE YEAR ENDED|31December|2022||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||Funds|Funds|2022|2021|
|||||E|E|
|Income||||||
|Donations and legacies||90,643|149,922|240,565|185,851|
|Charitable
activities||177,351|47,433|224,784|222,727|
|Investment
Income||280,166|11,640|291,806|274,511|
|Other Income||5,372|4,034|9,406|43,582|
|Total income||553,532|213,029|766,561|726,671|
|Expenditure||||||
|Cost of raising funds||(10,225)|(6,402)|(16,627)|(11,371)|
|Charitable
activities||(730,797)|(239,715)|(970,512)|(801,160)|
|Total expenditure||(741p022)|(246~117)|(987,139)|(821,531)|
|Net gains/(losses)
on||||||
|investments||(182,049)|(128,148)|(310,197)|452,529|
|Net income/(expenditure)||||||
|before transfers||(369,539)|(161,236)|(530,775)|357,670|
|Transfers between funds||(41,640)|41,640|||
|Net movement
in funds||(411,179)|(119,596)|(530,775)|357,670|
|Total funds brought|forward|8~045~847|1~091p665|9' 37y51 2|Bp779p841|
|Total funds carried forward||7,634,668|972,069|8,606,737|9,137,512|
##
##
||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|2022|2021|
|||Note|||||
|Income|||||||
|Donations and legacies|||90,643|149,922|240p565|185,851|
|Charitable
activities|||177,351|47,433|224,784|222,727|
|Other trading activities|||515,915||515,915|110,094|
|Investment
Income|||280,166|11,640|291,806|274,766|
|Other Income|||9,372|4,034|13,406|126,212|
|Totalincome|||1,073~7|213,029|1,286,476|919,650|
|Expenditure|||||||
|Cost of raising funds|||(490,644)|(6,402)|(497,046)|(353,193)|
|Charitable
activities|||(691,440)|(239,715)|(931,155)|(772,263)|
|Total expenditure|||(1p182084)|(246117)|(Lp428y201)|(Lp125p456)|
|Net gains/(lasses)
on|||||||
|investments|||(182,049)|(128,148)|(310,197)|453,309|
|Net income/(expenditure)|||||||
|before transfers|||(290,686)|(161,236)|(451,922)|247,504|
|Transfers between|funds||(41,640)|41,640|||
|Net movement
in funds|||(332,326)|(119,596)|(451,922)|247,504|
|Total funds brought|forward||8172269|1091p665|9g263g934|9' 16p428|
|Total funds carried|forward||7,839p943|972,069|8,812,012|9,263,934|
||Note|Charity|Charity|Group|Group|
|---|---|---|---|---|---|
|||2022|2021|2022|2021|
|Fixed assets||||||
|Tangible assets||1,402,865|1,500,591|1,414,801|1,522,062|
|Investments|12|6,468,209|6,825,885|6,468,209|6,825,885|
|Totalfixed assets||7,871,074|8,326,476|7,883,010|8,347,947|
|Current assets||||||
|Debtors|13|23,890|21,917|143,550|58,379|
|Cash at bank and in||749,920|820,437|884,356|915,227|
|hand||||||
|Total current assets||773,810|842,354|1,027,906|973r606|
|Liabilities||||||
|Creditors falling due|14|(38,147)|(31,319)|(105,696)|(82,745)|
|within 1year||||||
|Net current assets||735,663|811,035|922,210|890,861|
|Total assets less||8,606,737|9,137p512|8,805,220|9,238,808|
|current liabilities||||||
|Creditors falling due|14|||||
|after 1year||||||
|Provisions|16|||(6,793)|(25,125)|
|Net assets|19|8,606,737|9,137,512|gp812p013|9p263p934|
|Unrestricted||6,204,538|6,215,658|6,409,814|6,342,079|
|Restricted|17|972,069|1,091,665|972,069|1,091,665|
|Designated|18|1,430,130|1,830,189|1,430,130|1,830,189|
|Totalfunds||8,606,737|9,137,512|8,812,013|9,263,934|
##
|GROUP STATEMENT OF CASH F|LOW FOR THE YEAR ENDED|31December 2022||
|---|---|---|---|
|||2022|2021|
|||Total|Total|
|||Fundsf|Funds
f|
|Net movement
in funds||(451,921)|247,504|
|Depreciation
Charge||112,379|101,079|
|Dividends
and interest||(291,806)|(274,766)|
|Losses/(gains)
on investments||310,197|(437,882)|
|(Increase)/decrease
in debtors||(85,171)|(2,562)|
|Increase/(decrease)
in creditors|and provisions|41,284|(30,170)|
|Net cash used in operating activities||(365,038)|(396,797)|
|Cash flows from investing activities:||||
|Dividends
and interest received||291,806|274,766|
|Purchase offixed assets||(5,118)|(565)|
|Net sale/(purchase)
ofinvestments||47,479|74,985|
|Net cash provided
by investing|activities|334,167|349,186|
|Cash flows from financing activities:||||
|Repayment
of borrowing||||
|Management
ofliquid resources||||
|Movement
in short term deposits||(19,603)|20,905|
|Increase/(decrease)
in cash in the year||(50,474)|(26,705)|
|Increase/(decrease)
in short term deposits||19,603|(20,905)|
|Cash at bank and in hand||802,719|829,424|
|Short term deposits||112,508|133,413|
|Nat funds brought forward||915,227|962,837|
|Cash at bank and in hand||752,245|802,719|
|Short term deposits||132,111|112,508|
|Net funds carried forward||884,356|915,227|
##
##
##
##
##
##
##
##
|Furniture
and fittings|at varying rates on cost|
|---|---|
|Computer
equipment|25SLon cost|
|Heating and hot water system|10years|
|Refurbishment
of Meeting house|20years|
|Conference
Centre etc.|50years|
##
##
##
##
|||Unrestricted|Restricted|2022|2021|
|---|---|---|---|---|---|
|||Funds|Funds|Total|Total|
|||||f|f|
|priory Rooms (RollSt)Limited:||||||
|Meeting 8|conference facilities|462,085||462,085|366,490|
|Corporation|Tax|18,334||18,334|(24,668)|
|Commercial|let tingsr|||||
|Letting fees||4,917||4,917|4,964|
|Other||5,308|6,402|11,710|6,407|
|||490,644|6,402|497,046|353,193|
|2021||350,068|3,428|353,193||
##
|Support, governance
and other cost
required
centrally
and there are no|s are directly incurred
by
central function costs.|the various funds|, there is no ap|portionmen|
|---|---|---|---|---|
||Unrestricted|Restricted|2022|2021|
||Funds|Funds|Tatal|Total|
|Payroll costs|67,945|133,024|200,969|190,669|
|Repairs and maintenance|204,291|11,985|216'276|140,248|
|Costs ofQuaker activities|130,728|45,221|175,949|181,223|
|Depreciation|112,379||112,379|101,079|
|Other employee costs|54,132|28,681|82,813|72,857|
|Utilities|52,795|9,745|62,540|29,429|
|Insurance|25,147|2,251|27,398|28,489|
|Costs ofgovernance|36,983|10|36,993|18,260|
|Other costs|7,040|8,798|15,838|10,010|
||691,440|239,715|931,155|772,263|
|2021|576,394|195,869|772,263||
##
##
|The average number|ofemployees
during the year analysed|by function was:||
|---|---|---|---|
|||2022|2021|
|Conference facilities||11|13|
|Other Branches and|projects|5|5|
|Wardens, caretakers|and gardeners|5|5|
|Administration||1|1|
|||22|24|
|The total staff costs|for the year were:|||
|||2022|2021|
|||f|f|
|Wages and salaries|—conference facilities|211,944|238,629|
|Wages and salaries|—other|182,266|170,686|
|National
insurance||22,144|29,570|
|Pension costs||20,019|21,037|
|||436,373|459,922|
|Net gains/(losses)
on investments|||
|---|---|---|
||2022f|2021f|
|Unrestricted|(30,020)|224,457|
|Designated|(152,029)|134,693|
|Restricted|(128,148)|94,159|
|Total net gains|(310,197)|453,309|
##
|Group||||||
|---|---|---|---|---|---|
||Refurbishment|Conference|Furniture|Computer||
||ofMeeting House
f|centre etc.
f|&fittings
E|equipment
f|Total
f|
|Cost||||||
|At 1January 2022|854,667|2,015,647|248,496|35,683|3,154,493|
|Additions|||5,118||5,118|
|At 31December 2022|854,667|2,015,647|253,614|35,683|3,159,611|
|Depreciation||||||
|At 1January 2022|650,255|719,468|228,807|33,901|1,632,431|
|Charge for year|57,413|40,313|13,787|866|112,379|
|At 31December 2022|707,668|759,781|242,594|34~767|1p744~810|
|Net book amounts||||||
|At 31December 2022|146,999|1,255,866|11,020|916|1,414,801|
|At 31December 2021|204,412|1,296,179|19,689|1,782|1,522,062|
|Charity||||||
||Refurbishment|Conference|Furniture|Computer||
||ofMeeting House
f|centre etc.
f|&fittings
f|equipment
f|Total
f|
|Cost||||||
|At 1January 2022|854,667|2,015,647|10,262||2,880,576|
|Additions||||||
|At31December 2022|854,667|2,015,647|10,262||2,880,576|
|Depreciation||||||
|At 1January 2022|650,255|719,468|10,262||1,379,985|
|Charge for year|57,413|40,313|||97,726|
|At31December 2022|707,669|759,781|10,262||1377,712|
|Net book amounts||||||
|At 31December 2022|146,999|1,255,866|||1p402,865|
|At31December 2021|204,412|1,296,179|||1,500,591|
##
##
|depreciated
at the
balance
sheet
dat
accumulated
depreciation
amounts.|depreciated
at the
balance
sheet
dat
accumulated
depreciation
amounts.|depreciated
at the
balance
sheet
dat
accumulated
depreciation
amounts.|e.
No
reliable
information
exists to include
origi|e.
No
reliable
information
exists to include
origi|n|al
|cost and|
|---|---|---|---|---|---|---|---|
|The charity isthe beneficial owner ofthe|||following
heritage asset properties:|||||
|Type of|property||Year|Address||||
|Freehold||||||||
|Meeting|House||1969|6 Sandhigs
Road, Barnt Green, 845 8NR||||
|Meeting|House and wardens'|bungalow|1964|23Wafford Road, Cotteridge,
Birmingham,|||8301JB|
|Meeting|House||1930|Church
Road, Northfield,
Birmingham,|8312LB|||
|Meeting|House and Conference Centre||1931|40 Bull Street, Birmingham,
84 6AF||||
|CEQ Peace Hub|||1931|41 Bull Street, Birmingham
84 6AF||||
|Meeting|House||1953|Hill Street, Coventry,
CV1 4AN||||
|Meeting|House||1892|George Road, Edgbaston,
Birmingham,||815|1JP|
|Meeting|House||1927|Hamlet
Road, Hall Green, Birmingham,||828|9BG|
|Meeting|House and wardens'|flat|1972|112Castle Road, Hartshill,
CV10 OSG||||
|Meeting
Meeting|House
House and warden s' flat||1983
1695|17Colmore Row, Kings Heath, Birmingham,
39 High Street, Warwick, CV34 4AX|||8147PE|
|Meeting|House||1939|Kenelm Road, Sutton Coldfield, 873 6HD||||
|Woodlands
Quaker Home|||1945|434 Penn Road, Penn, Wolverhampton,||WV4 4DH||
|long leasehold||||||||
|Meeting|House||1689|Scotts Road, Stourbridge,
Dyg 1UR||||
|Meeting|House||1905|65 Linden
Road, Bournville,
Birmingham,||830 1JT||
|Short leasehold||||||||
|Meeting|House||1926|930Bristol Road, Selly Oak, Birmingham,||829 6NP||
##
|Group investments:||||||
|---|---|---|---|---|---|
||||2022||2021|
|||Freehold|l.isted|Freehold|Listed|
|||propertiesf|securities
f|properties
f|securities
f|
|Market value brought forward||4,465,650|2,360,235|4,270,650|2,192,338|
|Net additions/(sales)|||(47,479)|195,000|(269,985)|
|Revaluation|||(310,197)||437,882|
|Total Group investments||4,465,650|2,002,559|4,465,650|2,360,235|
|Group fixed asset investments|are held between|funds as|follows:|||
|||||2022|2021|
|||||f|f|
|Unrestricted||||4,682,685|4,712,702|
|Restricted||||742,447|869,979|
|Designated||||1,043,077|1,243,204|
|Total Group Investments||||6,468,209|6,825,885|
|Charity investments:||||||
|||||2022|2021|
|||||f|f|
|Market value||||||
|Freehold
properties||||4,465,650|4,465,650|
|Listed securities||||2,002,559|2,360,235|
|Total Charity investments||||6,468,209|6,825,885|
##
##
|The types of invest|ment
held at 31December 2022 and their market|values were:||
|---|---|---|---|
|||2022|2021|
|||E|5|
|Listed investments|(incl. loan stocks)|211,623|241,644|
|Investment
properties||4,465,650|4,465,650|
|Social investments||5,409|5,409|
|Other investments|(Unit Trusts, Branch &Trustee Reserves)|1,785,527|2,113,182|
|Total Group investments||6,468,209|6,825,885|
##
|England
|Quakers.|||
|---|---|---|---|
|||2022|2021|
|||E|6|
|Aggregate|capital and reserves|205,275|126,422|
|Profit for|the year after taxation|78,853|(110,166)|
##
##
##
||2022|2021|
|---|---|---|
||6|6|
|Sales ofconference facilities|569,925|169,694|
|Cost ofsales|(97,199)|(15,499)|
|Distribution
costs|(3,418)|(284)|
|Administrative
expenses|(376,121)|(372,410)|
|Other operating
income|4,000|82,630|
|Management
charge to parent charity|||
|Operating
profit/(loss)|97,187|(135,869)|
|Income and realised gains from investments||255|
|Gain on financial assets at fair value||780|
|Profit before taxation|97,187|(134,834)|
|Provision for deferred taxation (note 17)|(18,334)|24,668|
|Profit after taxation|78,853|(110,166)|
|The company
paid a dividend of6Nil to the parent charity during the year (2021:Enil).|||
|Debtors|||
||2022|2021|
|Group|||
|Trade debtors|97,091|19,321|
|Other debtors|46,459|39,058|
||143,550|58,379|
||2022|2021|
|Charity|||
|Trade Debtors|||
|Other debtors|23,890|21,917|
||23,890|21,917|
##
##
|Creditors: Amounts|Creditors: Amounts|falling due within one year|||
|---|---|---|---|---|
||||2022|2021|
|Group|||||
|Trade creditors|||6,773|3,993|
|Social security and other taxes|||44,293|27,166|
|Accruals|||36,569|40,829|
|Other creditors|||18,061|10,757|
||||105,696|82,745|
||||2022|2021|
|Charity|||||
|Social security and other taxes|||12,592|10,679|
|Accruals|||25,555|20,640|
||||38,147|31,319|
|Creditors:|Amounts|falling due after one year|||
||||2022|2021|
|Group|||||
|Corporation|Tax (in|Subsidiary)|||
##
##
##
##
##
##
|Analysis ofGroup assets|between funds|||||
|---|---|---|---|---|---|
|||Fixed|Net|Creditors||
||Tangible|Asset|Current|due after||
||Fixed Assets|Investments|Assets|one year|Total|
|Unrestricted
funds|1,414,801|4,682,684|305,536|6,793|6,409,814|
|Restricted funds||||||
|Local Meetings||92,719|41,027||133,746|
|Other Branches||21,200|162,509||183,709|
|Building
Fund||411,619|26,086||437,705|
|Trustees Reserves||216,909|||216,909|
|Designated
funds||||||
|Local Meetings||642,318|314,256||956,574|
|Redditch||||||
|Bull Street||||||
|Building
Fund|||57,605||57,605|
|Black Country|||15,191||15,191|
|Trustee Reserves||400,760|||400,760|
||1,414,801|6,468,209|922,210|6,793|8,812,013|
##
||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||Funds|Funds|2021|2020|
|||Nate|||||
|Income|||||||
|Donations
and legacies|||98,774|87,077|1$5JI51|290,948|
|Charitable
activities|||192,444|30,283|222,727|79,951|
|Other trading activities|||110,094||110,094|188,942|
|Investment
Income|||264,389|10,377|274,766|274,465|
|Otherlncome|||120,628|5,584|126,212|189,356|
|Total income|||786,329|133,322|919,650|1,023,661|
|Expenditure|||||||
|Cast of raising funds|||(350,068)|(3,125)|(353,193)|(412,405)|
|Charitable
activities|||(576,394)|(195,869)|(772,263)|(1,079,281)|
|Total expenditure|||(926,462)|(198,994)|(1,125W6)|(1/I91,6$6)|
|Net gains/(losses)
on|||||||
|investments|||359,150|94,159|453,309|90,796|
|Net income/(expenditure)|||||||
|before transfers|||219,016|28,487|247p504|(377~229)|
|Transfers between|funds|7|(40,532)|40,532|||
|Net movement
in funds|||178,485|69,020|247,504|(377,229)|
|Total funds brought|forward||7,993,782|1,022,646|9,016,428|9,393,658|
|Total funds carried|forward||8,172,268|1,091,666|9,263,934|9,016,428|
##
##