Charity No. 224571 THE CENTRAL ENGLAND AREA QUAKER MEETING CHARITIES TRUSTEES, REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2023
THE CEfaRAL ENGLAND AREA QUAKER MEETING CIIARMES CONTENTS QFTHE TRUSTEES, REPORT& FINANCIAL sfATEMEfiTS FOR YEAR ENDED 31 December 2023 Page Reference and administrauve detslls Trustees, Report 2-11 Report of the Independent Audsiors Charity Statement of Financial Actlvltles Consolidated (Group) Statement of Flnanclal Actlvftles Charlty Balan Sheet and Consolldaied (Gioupl Balance sheet Group Ststernent of Cash Flow Note5 to the Financial Ststements 12-14 15 16 17 18 19-33
THE CEf4TRAL ENGLAND AREA QUAKER MEETING CHARITIES Reference and admlnlstratlve detalls Rqlstered charlty name The Central England Area Quaker Meètlng Charithes w0[n£ charlty name Central En8land Quakers ICEQi Charity regl$tration number 224571 Area meetln8offl¢e 40 Bull Street, BirminBham B4 6AF The TrUee5 Christine Ba8nall Sandra Berry (from March 20241 Patricia Bradbury luntll December 20231 Huw Davies (from January 20241 James Green John Kimberley luntil May 20241 Robert Morris Carole Pannell Steven Pullan Gllllan Smith iaerkl Lyndon Thomas Ifrom January 20241 Anne Ullathome (from June 20231 Peter Ullathorne Audrtors BSN Chartered Accountants 3B Swallowfield Courtyard Wofverharnpton Road Oldbury, West Midlands B69 2JG Nomlnee for Land Friends Trusts Limited 173-177 Euston Road, Lorbdon NWI 28J N(xnlnee for Inveslment Rathbone Greenbank Investrnents 10 Queens Square Bristol BSI 4NT Banker5 CAF Bank Llmlted, Klngs Hlll, West Malling. Kent ME19 4JQ Lloyds TSB Bank Plc. PO Box 908, 125 Colmore Row. Birmingham B3 2QD Sollcllors Veale Wasbrou8hMzards 3 Brlndley Place, BlmilnEham Bl
THE CEfffliAL ENGLAND AREA QUAKER MEEfiNG CHARITIES TrUSTEE5' REPORT FOR THE YEAR ENDED 31 December 2023 A Introdurtion Central EnBland Area Meetlng trustees are pleased to report on our work In 2023. Durlng 2023 trustees recrulted and appolnted Helen Waters as business support administrator to work alongside Sarah Barker, our principal officer. With these two posts in place trustees are happy to report that all contact with the office in Bull Street Is dealt wlth promptly and professlonally. The main work of trustees thls year has been: Adjusting to different ways ofworkln8 Sateguardlng tralning for trustees and for volunteers in post across the AM Dlscerning the future for some of our property 50 that it doe5 not become a liability Supportlng the work of our AM in developlng the vislon hat does Love requlre of u ManaOn8 our reduced finances wlth no cash contribution from Priory Rooms for a third year. B Strurture. management and governance The Re1lOuS Soclety of Frlends In Britaln Is a ChrSstlan denomlnkn founded In the seventeenth century. The Yearty Meeting of the Religious Society of Friends (Quakers) in Britain is the final ConstitlOnal authorfty for thè Sodety. Its membershlp ¢onslsts of all those who belong to the hea Meetings in Great Britain. Central England Area Meetln8 Is one of approxlmately 70 con5tltuent Area Meetlngs establlshed for the advanment of reli8ious and other charftable purposes whS¢h derfve from and bear wltnes5 to the prlnclples and practlce5 of the Religious Sodety rjf Frlends. The principal attivity tsf the Area Meeting 15 the holding of Meetings for Worship which are open to all who wish to attend in its Local Meetln85, together wlth the other Branches and related projects whlch support the charit(s objects in an area roughly bounded by Walsall, Warwick and Stourbrldge and Includes the Blrmlngham and Coventry conurbatlons. There Is an office and paid administrator in Bull Street Meeting House In the centre of Blmiln8ham. On 16 March 2009 the Charity Commlsslon granted the Are• Meetlng a stheme unltlng the former registered and excepted parts of the charSty. governlng the tharitles Identifled In the scheme, to be known together ès The Central England Area Quaker Meèting Charities, registered tharity number 224571. The charl$ worklnB name Is Central England Quakers I"CE(YI. The Charitls Governing Document defines the way It Is organlsed and managed. Thi5 repoit and the financial slatements incorporate the affairs of the Lms ILocal Meetings) and Branches. There are currently 14 actfve Local Meetlng5 ILMS) whlch make up the Central England Area Meeting. Thesè being: Lo(41 Meetlngs Barnt Green and Reddltch Bournville Bull street Cotterid8e Coventry Hall Green Hartshlll Kings Heath Selly Oak Stourbridge Sutton Coldfield Walsall WaThvick There are 5'Branche5'. which are Projects or committees set up to further specific pieces of work related to Quaker cOnrn$. These are: Branches West Midland5 Quaker Peace Education Project IPeacemakersl Quaker Christmas Parcels Communlty Ju5tlce Group Pea Committee pea Hub
THE CE14TRAL ENGLAND AREA QUAKER MEETING CHARMES TRUSTEE5' REPORT FOR THE YEAR ENDED 31 DKember 2023 Icontlnued} Membershlp The total number of membeis at the end of 2023 was 41712022 was 4251. At the end of 2023 there were also 245 recorded adult attenders12022 was 2131 and 42 Childrèn wère rècorded at the end of 202312022 was 431. Trystees Trustees ère appointed by Area Meetin& on the basls of nominatlons proposed by the CEQ Nomlnations Committee. (Thls prOs5 is a key part of the Quaker Business Method, and the CEQ Nomination5 Committee is responsible for considering all vacancies for voluntary roles, and for recommendin8 "names" to area meeting. These "names" are then appointed or declined at the next area business meetingl. In 1Sne with Quaker practi, trustees are appointed for a three-year term, whlch can be eytended for a Second "trienniurn" by mutual agrèemènt beiween the trustee and Area Meeting. On occasion5 trustees serve a third term. New trustees recelve an induction "briefin8° and are given the opportunity to attend a training courses for trustees facllltated bythe Woodbrooke Quaker Study Centre. Trnstees are responsible for monitorlnE the performance of the charlty and managln8 Its artlvltfes. In 2023 there were 10 Trustees and they met 5 times (Februaryi May, August and October as planned) wJth the addltlonal meetlng bein8 a second, extra Drdlnaryi meeting in February. Meetings took the form of joint fa to fa and online meetings Iblendedl. In the Quaker tradltlon, declslons about pollcles, charitable activities and prioritie5 are taken by the member5 of the Area Meeting at regular business meetings. and not by the chariV5 trustees who Provide advi and guidance and take responslblllty for the statutory and legal dutles of the charity. Area business meeting5 are open to all members of the Area MeetinB and with a8reement to interested attenders. Local Meetin85 appoint representatives to ensure effective representatlon. All Local Meetlngs recelve minutes of the buslness meetings and can Cornment freely on the work of CEQ. In 2023 there were 9 Area Meetin8s for business. plus one Devotional Meetin& Trndinq Subsldkry Priory Rooms (Bull Streetl Umited Is a wholly owned subsldlary of CEQ. Th15 Quaker owned and managed conference centre is located at Bull Street Frlend5 MeetlnB House. Dlrertors are appointed by CEQ Area Meeting,. there are at least two CEQ trustee Directors and at least four non-trustee Direttors. The straieglc vlsbon for Prlory Rooms is described in a °Purpose and Principles. document, and the relationship betr4een the company and CEQ trustees is Set out in a detalled Management Agreement. Objed1 and Activities Quakerfaith is rooted in the belief of Ilvln8 our Ilves accordlng to our splrltual experlence. Thls Is the basls of Quaker testSmonSes to peace. truth, simplicity, equality and sustainability, which gulde Quaker behavlour, wort( and wltness. The oblect of Central England Area Meetlng is the furtherance of the Beneral religious and charitable purposes of the Rellglous Society of Friends lQuakersl In 8rltaln in the area of Central Engjand Area and beyond. Thls in¢lude5: Strèngthening the life and witness of Quaker meetings both in the area of Central En8land Area Meetin8 and beyond,. SpfeadinÉ the message of Quakers and Interpretlng and developlng the thou8ht and prathce ofthe Rell8lous Society,. Undertakln8 Quaker servlce for the rellef of sufferlng at home and abroad., Funding the tt¢n¢erns that Quaker meetlngs In the area of Central England Area Meeting or beyond have adopted or agreed to support; Provldlng the pastoral care of Indlvidual members and Attenders includin8 a5515tance to those in need and for educatlon. MalntainlnE and developlng Quaker Meeting Houses as places for public worship and from whith to carry our witness to the world: Admlnlsterlng and maintaining the orBanisation of Central England Area Meetlng and ¢ontrlbutln8 to the support of Bfltaln Yearly Meetin8. iv. i.
THE CENTRAL ENGLAND AREA QUAKER MEEllNG CHARMES TrUStEES' REPORT FOR THE YEAR ENDED 31 DKember 2023 Icontlnuedl AII 14 Lms and 5 Branches have tontrltrted to the furtherance of the charivs oblertlves through.. Worshlp All of the Local Meetln¢s hold at least one MeetinB for Worship each week. Many meetings continue wlth the use of zoom and offer a blended format. Some meetings have made a consclous declslon to periodlcally hold some of thelr Meetlngs for Worshlp as In-person only events as it was felt that technolo8y can Sometimes be a barrler to engagement las well as a fadlltstor of Itl. Weekty worship in the Local Meetin85 ha5 been enhand by Friends coming together for addltional actlvitles such as Meetln8s for Learnln& Meetln8s for Healln& workshops, splrltual journey and fxperimet)t th Li8hV groups. Frlends also shared in the reading of Advlce5 and Querles, consldered questlons posed In the leaming resource'Beln8 Quaker, Doing Quakerf or heard from local Frlends who shared thelr splrltual Joumey stories. Some Friends attended Pray Brum 24 at St Chad's in BimiinBharn. Some of our Lm's hdd resldential trlp5 or away days and some used Woodbrooke Quaker Study Centre. lust prlor to ivs closure this year. 4 Lms also have a regular thlldren's meèiin8 and many of them corne together periodically to take part In AM wlde artivities. Some of our smaller meetSn8s have stru88led wlth low numbers. whilst others have begun to 8row and flourish again after periods of difficulty. We aim to support all our Friènds. whatevèr their circumstances. Cofflmunhv Frlend5 have been able to enjoy the 50clal support network offered by the Sodety and partake lrt shared lunches. coffee and chat se551ons, vlsitlng the 111 or housebound, craft and chat group and tendlng to the Meeting house gardens. ln June, Hartshill Lmlolned Frlends from other local meetlngs at St Mlchael and AnBe15 Churd) In Fenny Drayton for the unveiling of a Leicester5hlre Councll hlstory green plaque In memory of George Fox. Some Friend5 attended one of the final performance5 of Journeymen Theatre at Bournville Meetlng House. Pastoral sUPPQrt for members and attenders has contlnued throughout the year. induding explorlng ways to Include everyone both young and ¢ld, such as holdlng Sunday meetlngs In the retirement home of a Friend or celebrating significant birthdays with a Shared Sunday lunch. There have a150 been Friends who have passed away during the ve3r and will be sadly rnissed but who have been fondly remembered through memorfal meetlngs. Local Meetln8s have engaged with t1r wider communtty In a number of way5 Includln8: fllm showln8s. coffee mornlngs, warm spa, and parti¢lpating In events suth as Herita8e Day, Music and Dance Festivals and Christma5 Fèstivals. 1 of thè Meeting Houses are let to hirer5 during the week which offers an opportunlty to bulld relationships with other groups in our communities such as other church 8roups, youth 8roups, cultural 8roups. 5peaal interest group5 and those who support the vulnerable. Concerns Charltable ouireach has been approached in wide and varied ways. Many Lm's make charitable donations to concern5 which they are drawn to. Some Lm's have a150 had inwted speakers on issues such as racism and Just Stop 011. Some have 8lven talks to local groups such as GCSE students on Quakerism and peace. Centrally the Area Meetlng has supported Its own prolects whlch Include Peacemakers, Peace Hub and Quaker Chrfstmas Parcels (QCPI. qvaker Christmas Parcels A5 in the past although the 2023 'BI8 ChstmaS Parcels Pack, went well on the day wEth some 1019 par1$ distributed at a cost of approximately £18.8001£18.501bagl, the lead up lo *19 Dember wlth the orderlng of goods was not such a smooth run. In recent years the team have relied largely on Aldi and Sainsburys for the supply of m05t of the goods, whlch are given away to the famllies of prisoners, refugees and asylum seekers and others. but In 2022 Akll declded that they would no longer be able to help and in 2023 the project relied almost excluslvely on the Selly Oak branch of Salnsburys.
THE cElAL ENGLAND AREA QUAKER MEEllNG cHARlEs TRU5TEES' REPORT FOR THE YEAR ENDED 31 December 2023 Iconllnuedl Quèker Chrfstmas Parcels (Cont) The ordering was ctrmplicated by Salnsburfs not confimlng the order in¢tially and not being able to fulfll or only part fulfil some of the order. However, with muth 5UPPOrt from CEQvolunteers both in the planning and on the Thursday. Frlday evenlng and Saturday mornlng the 5tackin& packin8 and distribution of parcels seemed to go particularfy smoothly thisyear despite pad(ing 150 more parcels than In 2022. The publicity given to fundraisin8 for Quaker Chrlstmas Parcels and for the recruitment of volunteer5 worked well in 2023 wlth Income of £17.378, up 17% on 2022, and with approximately 50 volunleers. Peacemakers In 2023, the Management Committee met ft)ur times, twice in person and twice onllne. Thls Induded the first In- person meetlngs slnce 2020. The committee found that thls balanced pattern enabled them to effectNety and effiuently conduct the buslness, whlle allowin8 time to build a strong worklng relatlonship as a commlttee and wlth the dlrector. They were glad to be joined by staff for relevant items and thls provlded us wlth a voluable opportunlty to hear in-depth about aspetts of the work. The new three-year prolect Plantin8 the Seed5 of Peace wa5 launched at the start of 2023 and the name really sum5 up what Peacemakers are trylng to do.. plant seeds of peace in children and young people's lives, that it 15 hoped will flt)wÈr and frult in wonderful ways. This is done through a range of pro8rammes. some that have been running for over 30 year5 IPeacebuilders coursel and are still going StrOr and some that have been piloted for the flrst tlme In 2023 (Peaf1 Leader5hipl. In 2023: 54 programme5 were delivered 558 Chlldren and young people reIVed trainin8 415 new peer mediators were trained 910 sthool staff were trained. The full Peacernakers Annual Report for 2023 can be found HERE. Peace Hub In 2023 Peace Hub en8a8ed the public wlth ihemes on wami homes, con5cientlous objertion, Pealu1 nelghbourhoods and climate justice. These themes drew on partnershlp5 wlth Footsteps, Blmiingham Friends of the Earth. War Reslsters International. the West Midlands WOlen Redvctlon Partnership. and Brum Climate Justice Coalition. The Hub also hosted an exhibition 'Mean1[1 Textlles- Creatlon and the Enronmen from the Westhill Endowment. which was popular with visltors. Other work which contributes to our oblectlves CEQ Is Invofved in several ÈtumÈnital and interfaith activities and has made donations to projects such as Footsteps whl¢h brlngs together people of faith to share Ideas and tske actlon on dimate change and the environment. Several CEQ members are also chaplalns. offering servlces In pdsons. hospltals and local unlversStles. Meètlngs and Branches also 5UPPOrt local and Internaiional tharltles such as food and clothing bank5. Intematlonal peace and climate change work, assistin8 asylum seekers. refugees and rough sleepers.
THE CErrrRAL ENGLAND AREA QUAKER MEEnNG CHARMES TRusfEES' REPORT FOR THE YEAR ENOED 31 December 2023 IntInued) Frlends and artlvltles from a¢rossthe Central England Area Quaker Mèetlng (5¢I118e fox 16J4.1691 $1
THE CETrmiAi ENGLAND AREA QUAKER MEETING CHARMES TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Icontlnued} Servl¢l The trustees are responsible for the charity's governan and compliance as set out in the 8overnin8 document. It requlres trustees to use the property and Income to further the area meetIn5 objects through for example.. strengthening the life and witness of Quaker meetin8s- maintaining and developing Quaker meeting houses as places for publlc worship and from which to carry out our wltness to thè world,. and adrninlstering and maintaining the organisation of Central England Area Quaker Meetin8. The Governing Document sets out the responsibilities delegated to trustees and defines their role and that of the Arèa and Local Meetings. One ol the trustees responsSbillties is to report annually to Area MeetinB in session $0 that Frlends can questlon and be reassured that property, finan, employment, and COrdS are all bein8 well managed and that r15k5 are Identlfled and revlewed regularty- Trustees are alded In thls work by the Servlte commlttees for finance, property. employment, and records advlsory, eath comprlslnB members of Area Meetlng and at one or two trustees. The work and dISrnment done by these Servlce Commlttees brlngs greater depth and accountablllty to the eventual decislons made by trustees. Durlng 2023 a new Serv1 commlttee, to be called the Lettin8s Acfv150ry Committee was su88e5ted by trustees and adopted by Area Meetin8 on 18th Marth 2023 (minute 2023.0231. During the year the service committee5 each met quarterlyi and thelr mlnutes were receSved at each trustees meèting. Matters for discernment were brought to trustees, quarterly meètin8s and, when rhecessary, th decisions were taken to Area Meeting in session for further di5cemment or for Information. Suth matters are forwarded by minute or are agreed as agenda items with Area Meetine clerks. In 2023 this included the deasion to dispose of some of our properties. The Local Meetings and Branche5 (working on Quaker concerns) are all part of the Central England Area Quaker Meeting Charity and have a significant degree of autonomy. One of the challenges for trustees is to ensure complIan wlth the governing docvment of the charlty. Thls Ss done infomally by the'llnk trustees, and formally by the Memorandum of Understanding IMOUI that is completed by the sÈparatÈ bodies that make up the charity. Durlng 2023 all Local Meetlngs and Branche5 completed the checkllst to ensure the Mou between them and trustees was cornplied with. D Perforrnance and monitorin8 A5 des¢rlbed above, tru5tee5 manage the performance of the charlty through service commlttees whlch oversee flnance, property, employment, sateguardlng and records management. Llabson wlth and support lor the Lms and Branches is provlded by a'Link Trustee, who reports on key Issues vla a report to the trustees meetlng. Following the appolntment of the Pr5nclpal ¢)fflcer, who took up port In June 2022, a Scheme of Dele8atlon was developed to help darlfy roles and responsibilities. The PO role sUPPOrts the work of the trustees and their committees and seeks to undertake some of the prartlcal work prevlously carrled out by volunteer5, releaslng members to focus on the spirtiual elements of the charlty. The PO also provldes a report for each of the seyvlce committees, and trustees meetin85, hIBhlighti key artlvltles, rlsks and de¢lslons whlch need to be Consldered. The Risk Re8lster wa5 updated durlng the year and Is now a standlng agenda Item at trustee meetln8S. Safe¥uardln8 The safeguarding team comprlses 2 trustees (the Safeguardlng Coordlnator and deputy Safeguardlng Coordlnatorl and the group also Include5 the Prlnclpal Offlcer. Each LM also has its own SafardIng Lead. During 2023 there were no formal safeguardirh8 referra15 from CEQ made tt) 51atutory a8encie5 Such as social care or the pollce. However, there were a number of events or incidents where Friends sou8ht support from the SafeBuardlng Team and one partl¢ular case whSch led to 51gnthcant Ilalson wlth agencle5 Such as the pollce and probatlon. In Sprlng 2023 baslc awareness training was facilitated by the team to approximately 100 volunteers and a safe8uardin8 audit was undertaken and annual feport prePad whith was shared with trustees at the end of the year (January 20241. The AM Safeguarding Coordlnator. AM Deputy Safeguardin8 Coordinator. Clerk of Trustees and Prln¢ipal Officer ottended and completed a 31..8 online'safeguarding for Trustees, course. No Issues were escalated to the Chartty Commlsslon. The full procedure and toolklt was updated In 2023 and approved by Trustee5 at their Ortober meetin& These are available via the CEQ website.
THE CETrifRAL ENGIAND AREA QUAKER MEEnNG CHARlEs TRU5TEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 IcontSnuedl Finan¢ial Review Grants PoltLy The Area Meeting is not a grant-making charlty and the Items referred to as'grants. mostty consist of the gifts lfrorn central funds and Local Meetlngsl to the ¢haritWs parent body, Britain Yearly Meetin& contrlbutlons to other Quaker work. donations to non-Quaker charilies Imainly by Local Meetin8$ actin8 under cOnrnI and subscrlptlon5 to ecumenkal bodies of whlch CEQ is a member. In 2023 the folk*win8 donations were made from charitable funds to extemal beneficlaries l£l:_ Beneficiaries Oversea5 beneficiarie5 Non-CEQ auaker charlties 8.330 Bdtaln Yearly Meetlng 34,9CiI NonQuaker charitie5 37,340 Non-¢hatIeS 500 TOTAL 81,070 • In¢ludes a £20.orx) donation to e¢obirmin8ham Iformerly a a Branch but from July 2018 an independent CIO). The funds used for these purposes derlve from members, donations and investment income and not from the general public. 1 of the donatlons las1Ssted above) were approved at a formal business meetin& and recorded by Minute. ResensPOIkY andperfornionce The reserves poliry for.the Area MeetInS ntral funds was first approved by trustees In Aprll 2Q)9. 11 Is regularly reviewed and was further revlsed in 2022.A copy can be found on the CEQ website. The purpose of the pollcy Is to= 31 to ensure that the chartty has adequate funds to undertake Its charltable activities and protect itself from fluctuations in income or expenditure and bl to Tea55ure CEQ members and the public that it is using ils Income for charitable work. and not accumulatlng excesslve resetves. All the.cash funds contained at least the target values, set out in the policyi on 31st December 2023. These being: General Fund: bank balance £30,000 Trustee Fund.. bank balance £60,000 Trustee Building Fund: bank balance £60.000 Most Lms and Branches a150 carry some reserve5 to cover their day to day needs and guidance ha5 been issued bv the finance committee with re8ard5 to th15, Indudln8 encouraBln8 them to develop Indlvldu31 reserves pollcles. Investment Propertles In addition to the Meeting Houses which are used by Lms the charity also has a number of other propertlÈs and land which are used for regular lettings or leased on a longer term basts to bring in additional revenue to support the charltV5 oblectlves. These are managed centially by the trustees and Prlncipal Officer. Prlory Rooms Ltd jtradlng subsldlaryl Althou8h 2023 continued to See a return to pandemiC business levels for Prlory Rooms they were afferted bv transport strikes which impacted on thelr business. They also had to continue bulldSng up thelr reserves again, meaning they were unable to make any donatlons to CEQ The Servlce 4reement between the Charlty and Prfory Rooms, prevlously started In 2020, continued in 2023 and Included the provision of service5 to support 4 centrallv managed Meeting Houses.
THE CENTRAL EP46LAND AREA QUAKER MEETING CHARME5 TRusfEE¥ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 l¢ontinuedl Overall flnanclal resuftsfor the year Overall 2023 has been a good year for Central Engtand Quakers with the rnajority of our Meetirw enjoying re8ular worship and witness activities. Income Is falrly eventy spllt between donations. ientals and income-8eneratSng activitles and the overall level has risen to £975,C(Q 12021 £726k. 2022 £766kl. This increase is in part due to SuC$Sful Brant appllcation5 by our Branches. one LM who are ralslng substantial funds for their building renovations and also the Improved performance of our investments. As we look to the fvture, we are grateful to all those who support our MÈètin8s and our project work. Our expendlture has remalned falrly conslstent wlth last year at £992,000 12021 £821k, 2022 987kl- We thèrefore report a deficit of £17,000 thi5 year compared with £220,000 In the prevlous year. Encouragingly the market value of our investments Increased thSs year and we report an overall galn of £369.(y)o for the year. We anticipate that we can further Improve thls slluatlon In the followlng years as we focus on our key prlorlties and more efficient management of resources. Our balance sheet remalns strong. at the end of 2023.. A more detaile<l breakdown ot the charity accounts is induded in the accornpanying Statement-of Hnancial Activitie5 ISOFAI and notes, however ihe overall financlal plcture remaSns positive, parti¢ularly 8iven the ongolng challenge5 of the pandemic, Strikes. high utS1ity costs and substantlal expendfture on govemance and property repalts and malntenance. Overall, the charity is in a sound position as it Eoes into 2024. Going Concern The trustees are of the view that the Charlty Is a golng concern, the evldence for whSch is as follows: The key fund5 held by the charity a overall above target levels, as defined In the Reserves Poll¢y. Prlncipal sources of Income are the rents from investment properties, donations from members and the hire of r00rn5. The rent income Is underplnned by the len8th and stability of the leases, wlth no known rlsk of any sl8nlflcant reduction. The Covld-19 pandemlc has had a Significant lrnpart on the charlivs finances which contlnued Into 2023, but the are sufficient reserves to support the charity through this perlod. The risks fad by the charlty are well understood, with extensive mitl8atlon measures In place. Specific financial risks are incorporated In the reserves policy. With the exception of one of its Branche5, the rhaiity is not dependent on external fundin8 or fundraising for its Income, and Ihe relativety small scale of the adivitTres Ilmits the rlsks associated with thi5 Branch. Property Irep6ir and malntenan¢el risks are mltl8ated by the re8ular Iqulnquenniall bulldlng surveys undertaken, and by the Comprehensive insurance cover that is in pla. Major unforeseen expenditure on property is Protected by the substantial Ic. £500,000) ntral Buildin8 Fund hetd in resèrvè. G Publlc Benefit Statement The trustees consider they have complled wlth the duty in Section 17 of the Charltles Att 2011 to have due regard to public benefit guidan published by the Charfty Commission. The charity makes avallable and provlde5 the followin8 lo fvrther its purposes for the public benefit: Re8ular holding of public Meetings for Worshlp. O Provision of information about the Quaker way to "seekers" Ihrough coursès, dlscusslon, siudy groups and literature. O Meeting House5 which are Used by many dlfferent groups and are of valuè to thè local community. O Support for a Dance School. whld) leases Redditch Meeting House, and provides tuition foi young people. / Support for ecoblrmlngham, arb envlronmental charfty which leases property In Northfield. O Information on enew-savlng and Ilfestyle improvements through CEQ Climate Emergency Actlon Group. Training in mediation skills in Khools and anti-bullyin8 Strategies, provided onllne by the West Mldlands Quaker Peace Educatlon Project IPeacemakersl. rf Glfts of food for famllies in need, throu8h the Quaker Christmas Parcels project and invplvement wtth foodbanks In local areas. / Houslng and Ca for elderly people, in partnehIP wlth other Quaker charltles. O Fundlng for overseas work and for witness In UK.
THE CENTRAL ENGLAND AREA QUAKER MEEnNG CHARrnES TRiISTEES' REPORT FOR ThE YEAR ENDED 310ECEMBER 20231contlnued) Trustees consSder that the followlng Sn partlcular benefft from the charlvs actlvrtles: O Members of the publlc O All who are Interested in the ReliBiOUS Society of Friends, Its worship. values, testimonies. business method5, prtsjects and concerns. Members of CEQ who are entouraged to participate artwely rn the w(Jrk of the charity and its decision making. Quakers have no paid cler8y, and volunteers who are Blven tralnln8 as requlred, and 3cqulre knowled8e and skills, carry out muth of the work. "Attenders" at Meetings for Worship, who are perniitted to take an active part in many Qu?ker roles, and who may benefit as above. O Local communitles, which benefit from the use of Quaker Meetin8 Hou5e5. O Local counclls. whlch may benefft from the use of Meeting Houses as pollln8 Ststlons and councillors. surgeries. O Prisoners SUPPOTted by Quaker prison chaplains. and Quakers involved in the erSmlnal lustlce systèrn. O A5urn seekers, who are supported by various projects and through the work done on thèlr bÈhalf. rf Mental health patlents and students in the Birmingham area, who benefit from ihe work of Quaker chaplalns. O Older people, throuBh the prov15ion of resldèrttial care. 0 People interested in developing a more sustainable, low carbon lifestyle, through the Eco Churd) scheme and the servlce5 of ecoblrmlngham. Future Plans Continue to explore ways of supportlng our Lo1 Meeting and branche5 to enable them to contlnue. whllst releasing volunteers of some of the more burdènsome roles. Facilitate opportunlties for all age worship and 50cial events across the AM. Contlnue to review our property FJ)rtfollo and ensure we are ut11121ng our resources efficientty and effectively. Explore way5 to contlnue to grow the member5hlp ofthe sodety and wltnes5 In our communltles. Explore opportunities to develop the Peace Hub, includlng plloting new way5 of worklng wlth volunteers and developing new projects. Contlnue to promote and increase the uptske of peace educaiion In the UK for 7-11 year olds. io-
THE CENTRAL ENGLAND AREA QUAKER MEETINfj CHARtnES Trustee responslbllltles In relatlon to the financlal statements The charlty trustees are responslble for preparlng the trustees, annual report and the financlal Statements in accordarKe with applicable law and Unlted Klngdom Accountlng Standards Iunlted Klngdom Generalty Accepted Accounting Practice). The law appllcable to charltles In England and Wales requires the ¢hartty trustees to prepare financial statements for each year whlch ve a true and falr vlew of the State of affairs of the chèrlty and of the Sncoming resources and appIltIon of resourcè5, Includlng the Income and expendrture, of the charitsble group for that rIod. In preparinB these financial statements, the trustees are rÈqulred to: select suitable accounting policle5 and then app them ¢onslstently,' observe the methods and prinaples in the appllcable a)arltles SORP,. makeludBements and esllmates that are reasonable and prudent,. state whether appll¢able UK accountlng statidards have been followed. subjert to any material departures that must be dls¢losed and explalned In the financlal ststements: and prepare the financial statements on a golng ¢oncern basls unless St is inappropriate to presume the charity will contlnue In operation. The trustees are rèsponsible for keèpinÉ proper accounting records that disclose with reasonable accuracy at any time the financial position of the charlty and enable them to ensure that the financial statements comply wtth the Charltles Act 2011, the applicable Charities IAccounts and Reportsl Regulatlons, and the provlslons of the Governin8 Document. They are also responsible for safeguarding the assets of the charlty and the group and hen for tsking rèasonable steps for the prevention and detection of fraud and other Irre8ulaTltles. The tru5tee5 are responsible for the maintenance and Integrity of the corporate and financial informatlon Included on the charlVs webslte. LeBlslation In the Untted Kin8dom governin8 the prèparation and dissemination of financial staternents may dlffer from leglslatlon in otherjurlsdlctions. Statement of InfoTmatl¢)n to the auditors In 50 far a5 the trustees are aware at the time of approwng our trustees. annual report.. there Is no relevant information. being information needed by the auditor in connectlon wlth preparlnB thelr report, of which the group's audltor Is unaware,. and the trustees, havlng made enquiries of fellow trustees and the 8rourfs audltor that they ou8ht to have individually taken, have taken all steps that they ought to have taken as trustees in order to make themselves aware of any relevant audlt Informatlon and to establlsh that the auditor 15 aware of that information. The trustee annual report was approved on 6 August 2024 and slgned on behalf of the trustees by; Sandra Berry I trustees Anne Ullathorne The flnancSal statements were submitted to the Chadty Commlsslon on 6 September 2024 and to the 8YM Recordlng Clervs Office on 6 September 2024. li
THE CENTRAL ENGLAND AREA QUAKER MEEnNG CHARMES REPORT OFTHE INDEPENDE14T AUDITORSTQTHE ThusrÈES OF TrIE CENTRAL ENGLAND AREA qUAKER MEEnNfj CHARMES Oplnlon We have audlted the flnanclal staternents of The Central England Area Quaker Meeting Charities and group for the year ended 31 December 2023 which comprise of the tharity and group statement of flnanual activities, the charity and group Statement of financbal p051tlon, statement of cash flows and the lated notes. Includlng a summary of slgnlflcant accountlng pollcies. The financial reportlng framework that has been applled In thelr preparatlon is appllcable law and Unlted Klngdom Accounting Standards, including FRS 102 The Flnanclal Reportin8 standard applicable in the UK and Republi¢ of Irelan& {Unlted Kln8dom Generally Accepted Accountin8 Prartitel. Thi5 report 15 made Sole to the tharitls members, as a body. In accordance wlth sectlon 144 of the Charltles Art 2011 and regulations made under section 154 of that Att. Dur audlt work has been undertaken so that we mlght stste to thè tharftws members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest èxtent permltted by law, we do not accept or assume responsibility to anyone other than the charity and the charlty's members as a body. for our audlt work, for Ihls report or for the oplnlons we have formed. In our opinion the financial statements.. glve a true and falr vlew of the state of the group and charlty's affairs a5 at 31 December 2023 and of its Incomlng resour and applicatlon of resources. Includlng Sts income and expendlture, for the year then ended; have been properly prepared in attordance with United Kingdom Generally ACpted A¢¢ountlng Prartlce- have been prepared In accordance wlth the requlrements of ihe Charities Art 2011. Basisforoplnlon We condurted our audit in a¢cordan¢e with Intematlonal Standards on Auditin8 IUKI IISAS IUKII and applicable law. Our responslbllltle5 under those stsndards are fvrther des¢rlbed ln the audltor's responsibllltles for the audlt of the flnandal StateMer sectlon of our report. We are Independent of the charity in accordants wlth the ethlcal reoulrements that are relevant to our audit of the financial statements in the UK, Includlng the FRCS Ethlcal Stsndard, and we have fvlfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficlent and approprSate to provide a basi5 for our opinion. cOluSIOnS relatlngto golng concern In auditing the financial statements, we have concluded that the trustee's use of the Bolng concern basls of a¢tountln8 In the preparatlon of the financial statements is appropriate. Based on ihè work we have performed, we have not Identlfleil any malerlal uncertaintles Telating to events or conditions that, Indlvldually or collertlvely. may cast slgnlficant doubt on the charity's or the group's ablllty to continue as a going Conrn for a period of at least twefve months from when the finandal statements a authorlged lorlssue. Our responslbilltles and the responslbllltles of the trustees wlth Pect to going conrn are descrlbed in the relevant section5 of this report. Other infomiatlon The other information comprlses the Inforniation induded in the annual reporL other than the finanaal statements and our audttorfs report thereon. The Trustees are responsible for the other Informatlon. Our oplnlon on the financlal statements does cover the other Informatlon and, expt to the extent otherwlse explldtly stated In our report, we do not express any forn) of assuran concluslon thereon. In connectlon wlth our audlt of the flnan¢lal statements. our respons1bil b to read the other infomiation and. in doing so, conslder whether the other Informatlon 15 materlally Incon51Stent with the finandal statements or OUT knowledge obtslned In the audlt oi otherwlse appears to be materlally misstated. If we Identlfy such material inton515tencies or apparent material misstatements. we are required to dÈtèrmlne whether there Is a material mtSStatement In the financial statements tsr a material misstatement of the other infomiatlon. If, based on thè work we have performed. we conclude that there 15 a material mi5Statement of this other information, we are required to report that fart. We have nothing to port in this regard. 12-
THE CENTIIAL ENGLANDAREA QUAKER MEETING CHARITIES REPORT OF THE INDEPENDENT AUDtroRSTO THE TRUSfEES OF THE CENTRAL ENGLAND AREA QUAKER MEETINfj CHARITIES (<ontInu? Matters on whlch we are requlrnd to r•port by excepdon In the li8ht of the knowledge and understandlng of the charV and its environment obtslned in the course of the audit, we have not identified materlal mlsststements In the Trustees, report. We have nothlng to report In respect of the followin8 matter5 in relation towhith the Charities Act 2011 requires us to report to you If, in our opinlon: the information glvèn in the Trustees, report 15 inconsistent in any material SpeCt wth the flnan¢ial Statements; or certaln disclosures of Trustee remuneratlon spedfled by law are not made,. or adequate accounting records have not been kept by the parent charlty- or returns adequate for our audlt have not been received from Branches not vlslted by u5- or the flnanclal statements are not in agreement wtth the accountlng records and returns- or we have not received all the infomiatlon and explanations we require for our audit. Responsibilities of Trustees As explalned more fully in the Trustees, responsibilities statement, the Trustees are responsible for the preparation of the fin?nclal statements and for being satisfied that they Bive a true and fair view. and for such Internal control a5 the Trustees determlne Is necessary to enable the preparation of ffinancial statements that are free from materlal mlsstatement. whether due to fraud or error. In apptying the financial reporting framework, the Trustees have made a number of subjective judgements, for example in respect of 5i8nlflcant accountin8 estimates. In making such estimates, they have made assurnptions and considered fvture events. In preparin8 the flnanclal statements. the Trustees are responsible for assessing the chailty's ability to contlnue as a goin8 concern. disdosin& as appllcable, matters related to 80in8 concern and usin8 the BoinB concèrn basls of accounting unless the Trustees elther Intend to Ilquldate the charity or to cease operations, or have no realistic alternative but to do so. Audltor's r•sponslbllltl•s for the audlt of the flncIal stattments We have been appointed as audltor under Sectlon 151 of the Charitie5 Act 2011 and report in accordance with the Acts and relevant re8ulatlons made or havlng effect thereunder. Our objective5 are to obtain reasonablè assuraft about whether the finanaal statements as a whole are free from material mlsstatement, whether due to fraud or error, and to issue an auditorfs report that includes our oplnlon. Reasonable assurance Is a hlgh level of assurance. but Is not a guarantee that an audit conducted in accordan wlth ISA% (UK} will always detect a materlal mlsstatement when It exists. Misststements fdn arise from fraud or error and are considèred material if. individually or in the ¥Tegate, they could reasonably be expected to Influence the economic detisions of users taken on the basis of these finantial stètements. Irregularities, Includlng fraud, are InStanS of non-compliance with laws and regulations. We deslgn procedures In line with our responslbllltles, Outllned above, to detect rnaterial misstatements in rèspect of Irregularltle5, Includlng fraud. The extent to whlch our proCedUS are capable of detecting irregularitles, Includln8 fraud Is detalled below: We have revlewed financlal statement dlsclosures and tested these to supporting documenlatlon to assess compliance wlth applicable laws and regulations. We have audited the risk of management override of ¢ontrols, including through testing journal entries and other adjustments for approprlatene55, and ewaluating the buslness ratlonale of significant transactions outslde the normal course of bu5ine55. We have also made enquiries of entity staff In tax and compliance functions to identify any Instsnces of non-compliance with law5 and regulations. 13-
THE CENTRAL ENGLAND AREA QUAKER MEEnMG CHARITIES REPORTOF THE INDEPENDErAU1roRSTO THE TRUSTEES OF THE CEPrnAL ENGLAND AREA QUAKER MEEnNG CHARMES l¢ontlnuedl A5 part of an audit in accordance wh ISA5 IUKI, we exercise professional jud8ment and maintain professional pticism throughout the audit. We also.. Identlfy and asses5 the risks of matettal mi$5tstement of the financial ststements, whether due to fraud or error. dÈslgn and perform audlt prOdureS responsive to those risks, and obtaln audii eVIden that is sufflaent and appropriate to provide a basis for our opinion. The sk of not deterting a material misstatement resulting from fraud Is hlgher than for one resulting from error, as fraud may involve colluslon, forBery, intentional r)mi55ions, misrepre5entstions, or the override of Internal control. Obtaln an understanding of internal control relevant to the audlt In order to deslgn au(Ilt procedures that are approprlate in the clrcumstances. but not for the purpose of expresslng an oplnlon on the effectlveness of the iniernal control. Ewdluate the approprlatene55 of accountlng pollcles used and the reasonableness of accounting estlmates and related d15dosures made by ihe Trustees. Conclude on the appropriateness of the Trustee5' use of the going concern basis of accountlnB and, based on the audit eviden obtsined, whether a material uncertalnly exlsts related to events or conditlons that may cast significant doubt on the charlvs ablllty to contlnue as a golng concem. If we conclude that material uncertainty exists, we are requlred to draw attentlon Sn our audltor's report to the "related disclosures in the financial statements or. if such di5c105ure5 are inadequate. to modfy our opinion. Our conclusions arè based on the audit evidence obtained up to the date of our audltorfs report. However, future events or conditions may cause the charity to cease to contlnue as a golng concern. Evaluate the overall presentation, structure and content of the flnanclal statements, induding the disclosures, and whether the financial statements represent the undertylng transactions and events in manner that achleve5 falr presentatlon. Owing to the inherent Ilmltatlons of an audlt. there is an unavoldable rlsk that we may not have detected some material mlsstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non<ompliance with laws and regulations Ilrre8ularSt5esl is from the event5 and tran5aCtion5 refiected in the financial statements. the less Ilkely the Inherently Ilmlted procedures requlred by auditing standards would Identlfy tt. In additlon. as with any audit. there remalned a higher risk of non4etection of irregularities, as these may involve ¢ollu5ion. forgery, intentional omlssions, mlsrepresentstions. or the override of internal controls. We are not responslble for preventinB non- tt*mpliance and cannot be expected to detect non-compliance wsth all law5 and reBulations. We communicate with those charged with 8overnance regardin& amon8 Other matters, the planned scope and tlmlng of the audit and slgnlflcant audit findings, including any significant deficiencies In Internal control that we Identify during our audtt. Use ol our report Thls report Is made solety to the ¢hariW5 tru5tee5, as a body, in accordance with Part 4 of the Charltiès IA¢¢ount5 and Reports) Re8uEation5 2008. Our audit work has been undertaken so that we mlght stste to the charivs trustees those rnatters we are Tequlred to state to them In an audltorfs report and fcsr no other purpose. To the fullest extent permitted by law. we do not accept or assume responslblllty to anyone other than the charlty and the charity's trustees as a body, for our audit work, for thls réport, or for the opinions we have formed. Philippa Miller-Hawkes BA CA Isenior Statutory Auditorl For and on behalf of BSN A55wate5 knmited Chartered Accountants & statutory audltor 3B Swallowfield Courtyard Wolverhampton Road Oldbury W1 Mldlands B69 2JG 6 August 2024 14-
ThE CENTRAL ENGLANDAREA QUAKER MEETING CHARITIES CHARITY sfATEMENT OF FINANCIAL AcnviTIES FOR ThE YEAR ENDED 31 December 2023 Unrestrlrted Restrlcted Funds Funds Total 2023 Total 2022 Income Donations and leEaaes Charitablè al¥ltIeS Investment In¢omè Gift from PrS0ry Rooms other Income 122,875 21B,705 292,859 60.000 45,099 174,339 43,147 14,333 297,214 261,852 307,192 60,000 49,594 240,565 224.784 291,806 4,295 Totsl Inmme 73938 236,114 975fi52 766,561 Expenditsre Cost of ralslng fund5 Charitable activltles 19,CQll 115,4241 1700,0261 1267,6831 {24N251 116,6271 1967,7091 1970,5121 Total expendilure 09,0271 1283,1071 1992,1341 {987,1391 Net 8ains/llossesl on investments 334,571 51,258 385I29 1310.1971 Plèt incomèllexp•nditurel before transfers 365,085 4,265 369,347 1530,7751 Transfers between funds 143,3501 43,350 Net movement In funds 32L732 47,615 369J47 1530,77S) Totsl funds brou¥ht forward 7.634,668 972,069 8A06,737 9.137.512 Tthèl funds tarrfed forward 7,956800 IP19,684 8.976,084 8,6,73? 15-
THE CENTRAL ENGLIIMD AREA QUAKER MEEfiM6 CIIARMES CONSOUDATED (GROUP) STATEMENTOF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 December 2023 Unrestrlcted Restrlrted Funds Funds Totsl 2023 Total 2022 Note In¢¢me Donations and le8acies Charitable actltieS Other tradlnB acllvltles Investment Income Other Income 122,875 218.705 686,710 292,859 42,099 174,339 43.147 297,214 261.852 686,710 307,192 46394 240.565 224.784 515,915 291,806 13,406 14,333 4,295 Total Income lJ63,Z48 236,114 I99362 1,286A76 Expendlture Cost of faising fvn(Js Charitable artivities 1595,0911 115,4241 1667.0121 1267.6831 (610.5151 1497,046) (934,6951 {931.155) Total expendlture 11,262,103) 1283,107) IIW,2101 11.428,201) Net galnslllosses} on investments 334,571 51.258 38529 1310,1971 Net Incomel(expendSture} ljefore tran5fer5 435.716 4,265 439,981 {451O22) Transfers beeeTr fvnds 143,3501 43,350 Nrt movement in funds 39¥66 47.615 439,981 {451J221 Totsl funds brou8htforward 7,839,943 972,069 81&012 9,263,934 Totsl funds <arrled tonvard 8,232J09 11119,684 9251,993 812,012 16
ThE CE14TRAL ENfjiAND AREA QUAKER MEETING CHARMES CIIARITY AND CONSOUOATED IGROUP} BALANCE SHEET AS AT 31 DKember 2023 ote Charlty Charlty 2022 Group Group 2022 2023 2023 Hxed assets Tangible a55ets li 1,314,314 IA02,865 1,328,8 1.414,801 Investments 12 6.770,652 6,468,209 6,770.652 6.468,209 Totsl fixed assets 8W,966 7A71.074 8,099A53 7,883.010 Currert assets Debtor5 80.003 23.890 103,953 143,550 Cash at bank and In hand 908,038 749,920 1,209,838 884.356 Totsl current assets 988,041 773AIO 1,313,791 IJ)27.906 Uabllltles Credltor5 falling due withln l year Net current assets 14 196,9231 138.1471 1159,0711 1105.6961 891,118 735M3 1,154,720 921210 Total assets less ¢urrent Ilabllltles 8,976,084 8.606.737 9,254,172 8.805.220 Creditors falling due after I year 14 Provlslons 16 2,179 16,793 Net assets 19 8,976x184 8,606,737 9.251.993 8.812.013 Unrestricted 6,376,062 6.204.538 6,651,971 6.409,814 Restrlcted 17 1,019,684 972,069 1,019,684 972,069 DeslBnated 1.580,338 1,430.130 1,580,338 1.430.130 Totsl funds 8,976,084 8,606,737 9.251.993 8I12,013 The flnancial statements were approved byt Trustee5 on 6th Au8USt 2024 and 51gned on thelr behalf by: Sandra Berry Trustees Anne Ullathome 17-
THE NTRAL ENGLAND AREA QUAKER MEEnNG CHARMES GROUP STATEMENTOF CASH FLOW FOR THE YEAR ENDED 31 December 2023 2023 2022 Total Funds Funds Net movement In funds Depreclatlon Charge Dlvldends and Inte$t Lossesllgainsl on investments Ilncreaselldecrease in debtors Increaselldecreasel in credltor5 and provlslons 439,981 96,529 1307,1921 1385,8291 39,597 62,346 1451,9211 112,379 1291,8061 310,197 185,1711 41,284 Net cash used In operatlry actlvlties 154,568} 1565,038) Cash flows from Investlng actlvlll Dividends and interest received Pur¢hase of flxed assets Net salellpurchasel of Investments 307,192 {10,5281 291.806 15.1181 47.479 Net cash proVId by Invostlng actl¥llles 3.050 3YI,167 Cash flow5 from tInalg artlvttles: Repayment of borrowin8 Management of Ilquld resourrns Movement In short term deposlts 18,7701 {19,6031 Imreaselldecrease) Sn cash In the year Increaselldecrease) in short tern) deposlts 316,712 770 (50.474) 19,603 Cash at bank and In hand Short temi deposlts 751245 iiii 801719 112,508 Iletfvnds brou8htforward 884,356 915,227 Cash at bank and in hand Short tem deposits 1.068,957 140.881 752,245 132,111 Net funds carrfed forward 1,209038 814356 18-
THE CEKfRAL ENGLANO AREA QUAKER MEEnNfj CHARME5 NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 December 2023 General Informatlon The charlty Is a reglstered charlty In England and Wales and Is unlncorporated. The address of the area meetinB Offi is.. 40 Bull Street. Birmingham B4 6AF. Statement of tompllance These flnanclal statements have been prepared In compliance wlth FRS 102. Ihe Flnancial Reportlng Standard applicable in the UK and the Republic of Ireland,, the Statemènt of Rec()mmertded Pra¢tite applicable to the CharleS preparin8 thelf accounts In accordance with FRS 102 ICharitle5 SORP IFRS 10211 and the Charities Art 2011. Accounting polKie5 Ba515 of preparation and assemmenl of 8oin8con¢ern The financial statements Incorporate the affalrs of Central England Area Quaker Meellng and the Local Meeting5 and other Branches sel out in note 20 to the financial statements. Transfers between the Local Meeting5. the Branches and the Area Meeting are eliminated from income and expenditure. The financial statements also exclude those donations recelved by the Area Meeting and Local Meetings. which are paid over to variou5 charitie5 at the donors, requests. The financlal statements also Incorporate, where appllcable and where amounts are de5crlbed as 'group'. the affalrs of Prlory Rooms (Bull Street) Llmlted, a wholly owned Subsidiary. The 5ub5idiary, which is a limited Company and not a charlty has been consoll¢Jated on a Ilne by line basis. Intergroup balances have been eliminated on con501idation. The flnanclal Statements are prepared in sterlin& which is the functional ¢urrenLy of the entity. Central En8land Quakers ICEQI constitutes a public benefit entity as defined by FRS 102. Assets and liablllties are initially recoEnised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The Trustees wnsider there are no material unrtaintieS about the charltys ability to contlnue as a Boln8 concern, as set out in their report. Fund a¢eounting In order to differentiate the availability of fund5 they are cate8ori5ed accordinB to the following defir&itions= Unrestrlcted general funds are avallable for any purpose otthe Charlty. Designated funds represent amounts set èside for speclflc purposes but whlch remaln at the dlscretlon of the Area Meeting,. and Restricted funds represent contributions, legacies and donatlons recelved earmarked by the testator or donor for specOfi¢ purposes. Income All incomels recoBni5ed once the charity has entitlement to the income. it is probable that the income will be received and the amount of income receivable can be measured reliabty. Voluntary Income Is reco8nbsed as above except where the income Is sublect to condltSons that require a level of performantè before the charity is entitled to the funds. when the income is deferred and not recogni5ed until either those condition5 are fully met, or the fulfilmènt of those condltions is wholly within the control of the charity and it is probable those conditions will be fulfilled in the reportin8 period. LewaLy glfts are recognlsed on a case by case basls followlng the grant of probate and when the charlty has been notlfied of the amount and settlement date. Investment income is retognised when receivable and Is shown gross to Include Income recovered and recoverable. Other income is accounted for on the basis of amounts recelvable for the year. 19-
THE CENTrAL ENGLAND AREA QUAKER MEETING CJWRMES NOTES TOTHE FINANaAi STATEMENTS FOR ThE YEAR ENDED 31 December 2023 A¢awntln8 pollcles Icontlnu8dl Donatsd $eThl¢es and fl[ltIeS Donated profes51onal or facilities are recogn15ed as Income when the charty has control over the Item. any condition5 associated with the donated ttem have been met, the recelpt of e¢or¢omlc benefft from the use by the charlty of the ttem is probably and that econornic benefit can be measured reliably. The charlty benefrts greatly from the involvement and enthusiastk support of Its many members, In accordance wlth the Chaylties SORP IFRS 1021, the general volunteer tlme of members Is not recognlsed. On ceIpt. donated professlonal serv15 or facllltles are recognised on the basis of thè value of the gift to the charf(v which is the amount thè charity would have been willinB to pay to obtain services or facilities of equivalènt economic benefit on the open market: a corre5pondlnB amount Is then recognlsed In expenditure In the period of receipt. Empendlture Liabi1Stles are re¢o8nised as expenditure a5 soon a5 there is a legal or constructive obligation committing the ¢harity to that expenditure. it is probable that settlement w511 be requlred and the amount of the obli8ation can be measured rellabty. All expendlture Is accounted for on using the at£ruals basis, inclusive of any value added tsx that cannot be reowered. Taxatlon Prlory Rooms (Bull streetl Mited is thargeable to corporation tax on Its Income and ¢apltal galn5. otherwlse Central England Area Quaker Meetlng 15 a charity and is exempt from tsxallon on Inme deVed from its charitable activitie5. Priory Rooms (Bull Street) LimltÈd provides for taxation deferred a5 a result of timing differences that have orlglnated but not reversed at the balance sheet date. Unrelieved tax losses and other deferred tax assets are ¢0nISed to the èxtent that It Is probable that they will be recovered agaSnst the reversal of deferred tax Ilabllltle5 or other future taxable profits. Deferred tax Is measured using the t8x rates and laws that have been enacted or substantively enacted by the reportln8 date that a expected to apply to the reversal of the tlmlng dIfferen. Tangible fixed a55ets The charlty owns a number of functSonal PTopertle5 comprising Meetlng Houses, wardens. a¢commodatlon and their contents, and other buildings used by CEQ Branches. These bulldin8s are held in perpetuity for Meetings for Worshlp or other charltable actlvltles, and contribute to the furtherance of the Central England Quakerfs charitable objectives and are considered to be heritage assets under FRS 102. The heritage assets have been 8rouped together In the followlng categorles: Meetlng Mouses, Wardens, A¢Mmmodatlon and other bulldln8S There Is no cost or accumulated Ilepreclatlon recognised fc•r these heritage assets. as allowable under Sectlon 18 of FRS 102. Whilst it is believed that the market value. both at the time of acquisition and at the balance sheet ¢iate, wa5 slgnlficantly In excess of £nll drned 5t and net book value, It Is not possible to obtaln a reliable estimate of the market value at elther date. Conventional valuation ted)niques are not appropriate for the unique and historical nature of the assets. In addbtlon, the Trustees conslder it an inefficient use of the charlty's funds to obtam valuation5 for all 16 PToperties and not befitting of the objectlves of the charity- Major expenditure on Improvements to property al 40 Bull Street incurred durin8 1999 were capitalised and are being depreclated at 5% per annum on Cost from l January 2004. Expendlture on the conference centre in Bull Street Is beln8 depreclated at 2% per annum on c05t from I january 21))4. A replacement heatinB system for 40 Bull Street was installed during 2020 and is beln8 depreclated at IO% per annum on cost from l November 2020. This has been induded wlthln the Refurblshment of Meetlng House asset category in note 11. Any developmènts or improvÈments to the building greater than £IO,CQO are capitalised at cost and depreciated over the improvemenvs useful economSc Ilfe. maIntenan costs are charBed to the SOFA in the period they are incurTed. Contents of MeetlnB House5 A number of the Meeting House5 contents have also been recognised at £nil cost and £nil attumulated depreciation as it is impracticable and an Inefflcient use of the charlvs OurceS to value the specific items in the followlng categodes.. organs, planos, Quaker artwork, Ilbrary books and other contents. -20-
THE CENTRAL ENGL4ND AREA QUAKER MEETIPIG CHARMES NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2013 rouhtln8 pdldes (contlnuedl The Trustee5 capitali5e individual ilerns of equipment costSng £10,000 or more where there is a continuing economlc value and a reliable measurement of cost or fair value is avallable. These assets are depredated annually so as to wrlte off the cost er thelr econornic useful Ilves. In the subsidiary company equipment Is capitalised where the asset has a contlnulng economic value. Other fixed assets. whlch have been capitalised, are beinB depreciated at the followln8 annual rates on cost: Furniture and fittings Computer equipment Heatlng and hot water system Refurblshment of Meetlng house Conference Centre etc. at varying rates on cost 25% on cost 10 years 20 years 50 years Invtstmènts All investments are carrled at their fair value. Investment5 in equities and fixed interèst securlties are all traded In quoted publi¢ markets, primarlly the London Stock Exchange and falr value is eqvivalent to the market value. Holdings in cornmon inveument funds. unit trusts and open*nded Investrnent companles are at bld pr1. The charity doe5 not acquire put options, derivatlves or oiher complex financlal Interests. Investment properties are re-valued perlodlcally or when change5 in rental income necessltate revaluailon. Fair value is generally open market value. All galns and105ses are taken to the Statement of Flnanclal Actlvltles as they arlse. Short term deposits comprise funds held in savln8s or deposlt (rather than currentl accounts whlch are surplus to Immedlate cash flow requirements and arè classifled as cash and cash equivalents. Penslon costs The charlty and its subsldlary contrlbute to deflned contrlbution scheme5 for some of thelr employees. The pension cost represents the total amount payable to the schemes in the lyear. The pension cost Is dlrectly tharged to funds with contributory employees. Flnanctal Instruments The charity onty has flnanclal assets and finanual liabllltles of a klnd that quallfy as basic financial instruments. Baslc flnanclal instruments are initially recognised at transartion value and subsequently measured at their settlement value wlth the exception of bank loans which are subsèquèntly measured at amortised cost using the effertlve Inlerest method. Income The comparatlve amounts for 2022 between consolidated funds are= Unrestrlcted Furtds Reslrirted Funds Total 2022 Donatlons and le8acies Charltable actlvltles Other tradlng actlvities Investment Income Other Income 90,643 177.351 515.915 280,166 9,372 149,922 47,433 240,565 224,784 515,915 291,806 13.406 11,640 4,034 Total Income 1.073A47 213,029 1,286,476 -21-
THE CENTRAL ENGLAND AREA QLIAKER MEEfiNG CHARMES NOTES TOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 December 2023 Costs of ralslng funds (Group) Unrestrltted Restrlcted Funds Funds 2023 Total 2022 Total PrforyRMms (BullStI Umlted.. Meeting & conference f3cllltle5 Corporation Tax 569,714 16,376 569,714 462,085 16,376 18.334 Commerclallettinqs.. Lettlng fees 2,714 2.714 4.917 Other 6,287 15,424 2¥711 IL710 595,091 15,424 610,515 497W6 2021 490,644 V02 497,046 Expenditure on ¢haiitable artfvftles (Group) Support. BOVernan and other costs are dlrectly Incurred by the varlous fvnds, there Is no apportlonment requlred ntral1¥ and there are no central functlon tosts. Unrestricted Restricted Funds Funds 2023 Totsl 2022 Total Payroll costs Repalrs and malntenance Costs of Quaker activitie5 Depreciation Other employee costs Utilities Insuran Costs of governan Other costs 109.286 154,419 111.018 96,529 54,121 73,983 29,935 25,047 12,674 129,695 17,013 42.156 238,981 171,432 153,174 96,529 110,167 88,556 32.668 25,074 18,114 200,969 216,276 175,949 112.379 82.813 62.540 27,398 36,993 15.838 56,046 14,573 2.733 27 5.440 667J112 267,683 934,695 93L155 2022 691A40 239,715 931,155 Included vAthln the expendlture Oh attivities are amounts paid to defined contribution pension plans for employees of £12A3912022: £95421. -22-
THE CEPITRAL ENGLIND AREA QUAKER MEEfiNG CHARMES NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 December 2023 Expendlture on charStable aetfvlties (continued) Costs of governan includes the auditors, remunèration of £10.362 12022= £10,0311 for auditing and accountlng fees whlch Is Incurred by the central fund5 and is not apportioned to individual Branches. The amount 3150 Includes Irrecoverable value added tax. Restrirted Transfers The transfers into the restricted fund were 8rants from the Trv5tee5 General fund into the Pe8m¥kerS for £30,l and the Peace Hub £3,OC(J a5 well as donatlons rd15ed from local meetlnBS lo support the on8oin8 work of these branches. Staff detalls and analys15 of staff costs, trustee remwnemion and expenses The Trustees consider the Principal OffIr to be key management who uridertakes much of the day to dav managemènt on their behalf. The Trustees were not pald or recelved any other benefits from employment wlth the charlty or Its subsidiary in the year12022'. £Nil.l. No Trustee5 received reifflbursernent of travellin8 Èxpenses in 2023 12022- ÉNIII. No trustee recelved payment for professional or other servlces supplied to the charity12022'. £Nill. No employee earned £60,C¥JO per annum or more12022: £Nill. Pension costs are InrIed dlrettly by the cost tentre where staff are employed and allocated to the various funds attordingly. There are 7 statutory director5 of the subsidiary12022.. 71 who receive no remuneration or benefrts. The average number of employees durlng the year anaSed by functlon was: 2023 2022 conferen facllltles Other Branches and projects Wardens, caretaker5 and gardeners Admln55tratlon 13 li 22 The total 5tsff costs for the year were= 2023 2022 Wages and salarle5- ConfereTr facilities Wages and salarSes- other Natlonal Insurance Penslon costs 260,680 214,512 28.936 24,817 211,944 182,266 22,144 20,019 528,945 436.373 All conference faalities staff are employed by the subsidiary company* Prlory Rooms18ull Street) Llmtted. These $ts are indudeil in costs of raising funds. Net 8alns/llosses) on Investments 2022 Unrestricted Designated Restricted 237.286 97,285 51,258 130.020 1152,0291 1128.1481 Total net galns I11055e51 38529 1310,197}
ThE CEPURAL ENGLAND AREA QLIAKER MEEfiNG CHARrnES NOTES TO THE FINA14CIAL sfATEMEpffs FOR THE YEAR ENDED ai December 2023 io. Related party transactlons Induded withln donatlon5 to the charlty is an aggreEate amount of £7,44512022: £10,031) reIved from theTrustee5. ii. T¥ibItred a55ets (*oup Refurblshment of Merflns House Conference Centre etc. Furniture Computer & flttlngs equlpment Tthal At l Jaftuary 2023 Addition5 854.667 2,015,647 253,614 7.288 35,683 3,159,611 3,240 10,528 At 31 Dttembtr 2023 854,667 2,OIS.647 38.923 3,170,139 Depredatlon At l January 2023 Charge for year 707,668 48,238 759,781 40,313 242,594 7.318 34.767 660 1,744,810 96,529 Al 31 Duemb•r 2023 755,906 800,094 W&,912 35N27 &841J39 Net book amounts At YI Dtt8mb•r 2023 98,761 12IS,553 10,990 3N96 4328I00 At 31 December 2022 146,999 1.255,866 11.020 916 1.414,801 Charity Refurblshment of Meetlng House Conteren ¢entre et¢. Fumlture Computer & ffttlngs equlpment Total At l January 2023 Additions 854.667 2.015,647 10.262 2,880,576 At Ji De¢ember 2023 854,667 2,015,647 10,262 1880.S76 Depr•Cla0Th At l January 2023 Charge foryear 707.668 48,238 759,781 40,313 10,262 1,477.711 88,551 At 31 Dttember 2023 755,906 10.262 &566.262 Net book amounts At 31 Duenther 2023 98.761 1.215,553 314J14 At 31 December 2022 146.999 1,255,866 1,402.865 -24-
THE CENTRAL ENGLANDAREA QUAKER MEETING CHARITIES NOTESIO THE FINANCIALsTATEMEfs FOR THE YEAR ENDED 31 December 1023 ii. Tan8lble flxed •ssÈt5 {contlnued) l Group tangible assets are classrfied as unrestricted funds as they are held as part of the Trustee5 Fund where all assets ale used for whatever Is deemed approprbate to furtherthe charws objectives. conferen Centre The centre conslsts of a conference sulte and ground level refreshment area for the use of the charity and other Quaker and ¢harltsble bodles together wlth g18nlfl¢ant ¢ommer¢ial use. The operation of the centre is managed by the charity5 subsidiary company, Priory Rooms (Bull Street) Limited. The conference centre Is belng depreclated at 2% per annum from l January 2CKYI. Herits8e assets As described in the accountin8 policie5 note, there 15 a cost and accumulated depreclatlon of £nll for the MeetSng Houses and wardens. accommodation owned and used by the tharlty an¢J group for Worshlp and charlty actfvitles. The bulldlngs are malntalned by the charlty for thelr contrlbutlon to knowledBe and culture of the Quaker faith. It would be Impracrlcable and an Inefficlent use of the charws funds to obtain market valuations for such unique assets and their contents. A description is given of each of the assets below and the year in whlch the Meeting Houses were constructed. On the basls of the age of the propertles, had the orlglnal cost been capltallsed, the Tiustees are of the view ihat the ass5 would be fullv depreclated 'at the balan sheet date. No re113ble Informatlon ex15 to Indude orlglnal cos¢ and accumulated depreclatlon amounts. The charity r5 the beneficial owner of the followin8 heritage asset propertles.. Trpe of property Year Address Freehold Meeting House Meèting House and wardens, bungalow Meeting House Meeting House and Conference Centre CEQ Peace Hub Meeting House Meetin8 House Meetlng House Meèting House and wardens, Ilai Meetlng House Meeting House and wardens, flat Meeting House Woodlands Quaker Horne Long leasehold Meeting House Me8tinB House Short leosehold Meeling House 1969 1964 1930 1931 1931 1953 1892 1927 1972 1983 1695 1939 1945 6 Sandhills Road. Barnt Green, B45 8NR 23 Watford Road, Cotterid8e, Birrnin8ham, B30 IJB Church Road. Northfield, Birmingharn, B312LB 40 Bull Street, Binningham, B4 6AF 41 Bull Street, Birmingham B4 6AF Hill Street, Coventry, CVI 4AN GeorBe Road, Ed8baston, BlrminBham, B15 p Hamlet Road, Hall Green. Blrmingham. B28 9BG 112 Castle Road, Hartshill. CVIO OSG 17 Colmore Row, Kin8s Heath. Blmlngham. B14 7PE 39 HIBh StrèÈt, Warnfitk, CV34 4AX Kenelm Road, Sutton Coldfield, B73 6HD 434 Pertn Road, Penn, Wofverhampton. WV4 4DH 1689 1905 Scotts Road, Stourbrid8e, DY8 IUR 65 LSnden Road. Bournville, Birmin8ham. B30 UT 1926 930 Bristol Road, Selly Oak, Blrmlngharn. 829 6NP The heritage asset contents of the above propertie5 for which there is no recorded cost are classified Into the following categories.. organs, pianos, Quaker artworl library books and other contents. The.Trustees preserve these assets by keepin8 a register of 355ets held at each Branch and Insurln8 the assets appropriatety to protect thern from damage or loss. The titles to all of the properties owned by the charlty and 8roup are held by Friend5 Trusts Ltd as Nominee with strict restrirtions on dlswjsition of the frèehold which rèqulres authorisation by an order of the court. 25-
THE CENTRAL ENGLANDAREA QUAKER MEETING CHARrriES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 Oecember 2023 Flxed asset hwemments Group Investments: 2023 2022 Freehold propert$ Usted securities Freehold properties Listed securftles Market value brought forward Net addltlons/tsalesl Revaluation 4,465.650 2.002,559 183,386 169,329 4.465,650 2360,235 147,4791 1310.1971 216,MO Totsl Group Investments 4,682.150 2,1)88,502 4,465,650 2,002,559 Group fixed asset Investments are held between fvnds as follows: 2023 2022 UnrÈstritted Restfleted Designated 4,919,968 4,682.685 800,486 742.447 1,050,198 1,043,077 Totsl &oup Investments 6,770,652 6,468.209 Ctharlty Investments: 2022 MarketvJlue Freehold propertles Llsted secudtles 4,682,150 4,465,650 2.088.502 2.002559 Totsl Charlty Imie5tments 6,770,652 6,468,209 Freehold Propertles The tharity and 8roup own the following freehtsld invÈstment propertles hèld by Friends Trusis Ltd as Nominee- Two bungalows adlacent to Bamt Green MeetSng House at 63 & 6b Sandhllls Road, Barnt Green. The 6a property was valued on an open market basls at £180.000 by Lawreft & Wi8htman, Charred Surveyors on 31 December 2020. The 6b property, formerly a wardÈn'% bUrlOw. was converted to privatÈ rented accommodation and reclassified as an investment property in May 2021, and both propertie5 are subjecl to shorthold tenancies. The 6b property was valued on an open market basis at £195,000 by Lawrence and Wlghtman, Chartered SuNeyors on 30 March 2022. The property known as Redditch Meetin8 House, Matthborough, Redditch, B98 OER. Folltswin8 the terniination of a lease to wOrSter County Council (from 2009 to 20151. the property was let on short lease from l November 2015 to Latham School of Dance and from l August 201B to Amella's Dance Academy. The property was revalued on an open market basis at £180,000 by KWB, Chartered Surveyors in July 2024. 26-
THE CENTRAL ENGLAND AR£A QUAKER MEETING CHARITIES NOTE5TO THE FINANCIAL STATEMEIITS FOR THE YEAR ENDED 31 Deomber 2023 12. Flxed asset Investments (continued) PrTvate flat and CLimmunity cafe at 39 High Street Warwl¢k CV34 4AX. The property was valued on an open market basls at £120,0)O by Lawrence and Wlghtman, Chartered Surveyors on 31 December 2020. The property has been let to private tenantlsl sincejune 2016. Office accommodation at 51 Churth Road. Northfield, Birmln8ham, B312LB. It is lease(J to Oulsnam and a renewed ten year lease from 25 December 2013 wa5 Signed in August 2014. This 15 now a rolling tenancy. Offlce attommodatlon at 53 (hurch Road, Northfleld. Blrmlngham, B31 2LB. It Is leased to ecobirmingham, nd a 3 year lease was slgned from July 2023. Both 51 and 53 Chvrch Rd have been valued by KWB chartered surveyors to be worth a total of £31XI,CW collectively in May 2024. A bungalow adjacent to ihe MÈètlng House In Selly Oak was formerly warden's accommodation and treated s a fun¢tSonal property but durin8 2014 it was adapted for commertial lettln& and was redassffied as an investment property. The property was valued on an open markèt basis at £27,150 by Lawrèncè & Wlghtman, Chartered Surveyors on 31 December 2020. A flat within the Hartshill Meetin8 House has been converted Into prlvate rented accommodatlon and was redasslfled as an Investment propety for 2019. The flat was valued at £65.000 on an open market bas15 by Lawrence & Wightman on 31 December 2020. An office development on land owned by the Area Meeting at I Colmore Square, Birmingham. The land Ss let on a 250 year5 lease from 29 September 1999 and was valued on an open market basis at £3.615,CK)O by Lawrence & Wightman. Chartered Surveyor5 on 31 December 2020. The types of Invment held ai 31 December 2023 and thelr market values were.. 2022 LSsted Inve5tment5 Ilncl. loan stock51 Investment properties Soclal Investments other Investments (Unlt Trusts, Branch & Trustee Reserve51 232,409 4,682,150 5,409 1.850.684 211,623 4,465,650 5,409 1,785,527 Totsl Group InVrnents 6.77052 6,468,209 Unllsted Investments The charlty owns 100% of the Ordlnary share capital of Priory Rooms IBull Streetl Limited l¢ompany number.. 051296311. There Is no Investment cost included for the 5ub5idiary in the charity's balance sheet, wlth all profit is donated back to the parent entity to support with the charitable objecti¥e5 of Central England Quakers. 2023 2022 Aggregatè tapital and reserves Profit for the year after taxation 275,910 70,634 205,276 78.853 At the year end, Priory Rooms (Bull Streetl Lrmlted made a ple(Ige to £60,CK)O to the parent charity. There was no Such donatlon in the prior year dye to the performanteof the tradlng subsldlary. 27-
THE CEiffRAL ENGLAND AREA QiIAKÉR MEETING CWITIES NOTESTO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 December 2023 Fixed asset Investments luntlnuedl The followin8 IS a 5urnrnary of the profit for the year after taxatlon In Prlory Room518ull Street) Llmlted. 2023 2022 Sales of conference facilities Cost of sales Db5trlbutlon costs Admlnlstratlve expenses Other operating income Donations to parent company Management charge to parent chadty 727,702 569,925 1123,5071 197,1991 13,5701 13,4181 1450,6151 {376,1211 4,Tr)0 160,¢)JOI I3,() Oper*ln8 profftJl1055) Income and reallsed gains from investments Gain on finanual a55ets at fair value 87,010 97,187 Profft before tatIOn 87.010 97.187 Taxatlon (note 161 116.3761 118,3341 Profit after taxatlon 70,634 78,853 The company paid a dividend of £NII to the parent charlty durln8 the year12022- £nill. 13. Debtors 2023 2022 Group Trnde debtors Other debtors 56,917 47,036 97.091 46.459 103.953 143,550 2023 2022 Charlty Trade Debtors Other debtors Amounts owed by tradlng subsldlary 20,003 60,CQO 23,890 23A90
ThE CE14TRAL ENGLANO AREA QUAKER MEEnNG CHARtriES NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 December 2023 Cr¢dFtors: Amounts falllng due wlihln one year 2023 2022 Group Trade Credltors Social security and other taxes Corporation tax Accruals Other creditors 4,242 41,207 6.773 44.293 91,333 14,885 36,569 18,061 159.071 105,696 2022 Charlty Sodal securlty and other taxes Accruals and deferred Income 13,057 83A66 12,592 25,555 96,923 38.147 CxedIto Amounts falling due after one year 2023 2022 fjroup 15. Secured assets Freehold land and building5 at Penn Road, Wolverharnpton, West Midlands, WV4 4DH. have been glven as Security for loan flnance x 3 obtalned In the Charlty5 name from Triodos Bank NV, Quaker Hou5in8 Trust and Or¢hard 8rook Ltd and in turn made avallable to Woodlands Quaker Horne in respect of expenditure on new bulldlng5. The amount of loan flnance outstandlng at 31 December 2023 was £28,112 on the Tiiod05 loan. The Trlodos loan was repald In full In March 2024. The loans are not included in these financial statements as the charlty does not èxpert to have to meet any part of the debt. The last relevant market valuation for the secured property wa5 £1,450.0 in May 2019 {inc. the business). Friends Trusts Ltd. as nomlnee for land.15 a party to the leases lex¢ludlng tenancy agreements) pertalning to CEQ Investment propertle5, which aTe I Colrnore Square, Redditch Meetin8 House, 51 thurth Road. 53 Church Road and the Woodlands. 29-
THE CENTRAL ENGLAND AREA QUAKER MEN6 CHARITIES NOTES TO THE FIIIANaALsfATEMETrtrs FOR THE YEAR ENDED 31 December 2023 16. Prnvision for Ilabllltle5 2023 2022 Deferred tax Accelerated capital allowances Tr3ding1055es Unpald remuneratlon 2,381 1,815 18.6081 12021 2,179 {6,793) Deferred tsx Balance at l January 2023 Provided durlng year 16.793) 8,972 At 31 December 2023 2,179 The provision for deferred taxation arlses In the charws subsidiary company. The provisSon relates to UnStriCte{l fvnds in 2023 and 2022. 17. Restrlcted fvnds {Charltyand fjroupl Openlng Balance Income Expendkure Investrnent 8alr61l10ss) Transleys Closlng Balance Local Meetings Other Branches CIG Buildin8 Fund Trustees ReseNes 143W7 173,647 52,079 174,509 144,8411 1234,3411 8,870 2,082 8,202 41,466 3,302 9,6201 168.117 157.363 437.706 216,9)9 9.526 13,9251 19,001 21,305 452.688 238.214 Resthcted lunds 971,1%9 236A14 1283.1071 51,258 43350 .684 Local Meetings funds a ve Meetlngs an omt are raise(re1r memrnom letting ers or Local Meetin8$ fvnds arefor the purpose of the respective Meetin8$ and are raised from thelr members or from lettin8 their pmiseS to third partles. These fund5 are needed for the repair and maintenance of premlses, to meet various adrnini5tratSve costs and to support committees and charitable actlvitles. Local Meetlng5 also organlse collections after Meetln8 for Wcrshlp for a variety of bodies, some of which are Quaker and others not. These monies pass through the Local Meetings on to the bodies Concerned. The Local Meetings may also choose to add to a collection or make a 5peclal grant from funds for charltable purposes. ort e purpose o e respert Other 8ranches consist of those bodies set up by the Area Meeting for particular purposes and identifièd in the Trustees Report. The definition of a Branch is a committee or project that has Its own bank account. As descrlbed In the Tiusiees Report, branches of note are West Midlands Quaker Peace Education Project Ikncwn aS"Pearnaker5'l and Peace Hub. CJG was a branch wlth Its own bank account until the end of 2023, when it dosed bts account and transferred the balance to the General Fund, but the funds donated by Frienijs 4 Biven Specifically for CJG acilvlty arKI are therefore restrirted and reported separately. -30-
THÉ CENTRAL ENGLAND AREA QUAKER MEEfiNG CHARITIES NOTESTO ThE FINANCIALSTATEMETrifs FOR THE YEAR ENDED 31 Decembèr 2023 17. Restrlcted funds (Charlty and Group) (Continuedj Bulldln8 Fund Investments Iprevlously dasslfled as designated) comprise of investment5 held to support the malntenance, repalr and lrnprovement of the charlty's Meetlng Houses. The Income from the investments is applied to a designated "Building Fund" bank account from which grants and loans are made to Indlvldual Local Meetlngs. In Trustees. Reserve Funds. there are four Reserve Funds whlch conslst of Investments held by Trustees. derNed from the sale of prevlous Meetlng Houses together wlth Some bequests, where the income Is applled to the beneflt of some Local Meetings. The two Funds whlch remaln restrlcted are the proceeds of Ather5t¢ne Meèting House wlth income applied to Hartshill Local Meeting and the proceeds of Cotteridge Land Sale with income applied to Cotterid8e Local Meetlng. DeSIgtsd funds (Charlty and Group) Openlng Balance Inme Empendlture Investment galMI(lossesl Tran5fer5 C1051n8 Balance Local Meetlr Bulldlng Fund Black Country TNstees ReseNes 944,074 70,106 15,189 4(KJ,761 442,473 iii 8,332 3,924 1357,2771 1941 57,923 129.3541 12,7681 I8,0) 13.9241 IM57,839 67,355 15.021 400,123 39.362 Desi8nated funds IN30.130 454 1357371) 97,285 144,5461 1,580,338 Local Meetlny funds are for the purpose of the respective Meetings and are ralsed from thelr mernbers or from letting thelr premlses to third parties. These funds are needed for the repalr and maintenance of premises. to meet varlous administrative costs and to 5UPPOrt commlttees and Charltable activities. Local Meetin8s a150 or8anise Collections after Meeting for Worship for a variety of bodles, some of whl¢h are Quaker and others not. These monie5 Pass throLtgh the Local MeetinBS on to the bodies concerned. The Local meetin8s.may also choose to add io a collectlon or make a S131 Brant from funds for tharitable purposes. The 6uildln8 Fund reIveS income from Bulldlng Fund Investments (see Restricted Funds) and provide5 loan5 or grants to asslst Local Meetings to maintain their properties if a major repalr Is beyond their means and to carry out agreed improvements to premises. The 8la¢k Country Fund Is a deslgnated fund establlshed by area meetlng In June 2015 to support the developrnent of Quakèrism In the Black Country. From 2024 this will be merged with the Trustee Fund as ft has no income source and will reduce the number of Internal transfers. In Trustees, Reserve Funds, there are four Reserve ndS whlch consist of investments held by Trustees, derived from the sale of previous Meetlng Houses together with some bequests, where the income Is applied to the benefit of some Local Meetlngs. -31-
THE CENTrAL ENGiANDAREA QUAKER MEETING CHARrriES MOTESTOTHE FINANCIAL STATEMEPITS FOR THE YEAR ENDED 31 De¢¢mber 2023 19. Analysls of Griwp assets between funds Fix ranBlble A55el Flxed A55ets lnve5tffts Net Credltors Current due after Assets one year Totsl Vnresiricted fund5 1,328,8frfJ 4,919.968 405J82 l179 6,651,971 Reslrlrted lunds Local Meetin8S Other Brdnche5 Building Fund Communlty Justio Group Trustees Reserves 97,589 23,282 441,400 70,526 134,082 11,288 3,302 168,115 157J64 452,6 3.302 238,215 238,215 Deslgnated funds Local Meetings 610,07S 447,764 1,057A39 Bulldlng Fund Black Country Trustee Reserves 67,355 15,021 6755 15,021 440.123 440.123 1,328I00 6,rn1ffi52 1,154,720 2,179 9.251,993 -32-
THE CENTRAL ENGLAND AREA QUAKER MEEnNG CHARMES NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 December 2023 20. Conwltdated (Groiipl Statement of Flnondal Activitl•s for the year ended 31 DeMb¥ 2022 Unregtrlcted Restri¢ted Funds Funds Totsl 2022 Total 2021 Noie In¢ome Donatlons and legacies Charitsble adivltles Other trading activities Investment Income othpr Income 90,643 177,351 515,915 280,166 9,372 149,922 47.433 240,565 224.784 515,915 294806 185,851 222.727 110,094 274,766 126,212 11,640 4.034 Total Income 1.073A47 213,029 1286N76 919,650 Expendire Cost of ralslng funds Charltable actfvlties 1490,6441 16.4021 1691,4401 1239,7151 1497.0461 1353,1931 1931,1551 1772,2631 Total PendIture 11.1820841 1246,11 (IA28,2011 11,125,4561 Nei Ealnslllossesl on Investments 1182.0491 1182,0491 1310,197) 453,309 Net Incomellexpendlturel befo transfers {290M61 1161,2361 14SI,9221 247,51)4 Tran5fer5 between fund5 141,6401 41,640 Net movement in funds 1332,3261 1119,5961 (451,9221 247,504 Total funds brought forward 8.172,269 IA191,665 9,263,934 9,016A28 Total funds carrfed forward 7W9.943 972,069 s12.012 9,263,934 21. Capltsl commltments There was no future capltal expendItU contracted for but not provided In Ihe finanaal statements at 31 December 2023 and 31 December 2022. 22. Events after the Teportlng rIOd During the 2024 flnanaal year, the Trustees aBreed to put the investment propertles 51153 Church Road, Northfteld and Reddltch Meetlng House up for sale. Offers of £300,OCQ and £190,OCQ respectively have been received for these Investment properties. The Trustee5 have agreed to the sale of 51153 Church Road, Northfield and the Property Committee are ojrrently consldering the offer recelved to purchase Redditch Meeting House. The offers are in line wfth renewed valuatlons whith were provided to Trustees by KWB. Chartered suNÈyors and these valuations, whlch were hlgher than expected. have been refiecte(I In the 2023 account5. -33-