| Directors: | The Directors (or trustees for the purposes of charity legislation) who served during the year were: |
|---|---|
| Nigel Barnes | |
| Linda Batten (resigned 31 December 2022) | |
| Stephen Burkeman | |
| David Harries | |
| Nick Perks | |
| Paul Whitehouse | |
| Stephen Wright (resigned 8 March 2023) | |
| Paul Wyatt (resigned 7 July 2023) | |
| Secretary: | Maureen Sebanakitta (till 12 August2022) |
| Sarah Chemonges (from 9 September 2022) | |
| Registered | Friends House |
| Office: | 173 - 177 Euston Road |
| LONDON, NWI 2BJ | |
| Main Bankers: | The Co-operative Bank plc |
| 60 Kingsway, | |
| LONDON, WC2B 6DS | |
| CafCash Limited | |
| Kings Hill | |
| WEST MALLING, ME19 4TA | |
| Investment | Rathbone Greenbank Investments |
| Managers: | 10 Queen Square |
| BRISTOL, BSI 4NT | |
| Solicitors: | Hunters Solicitors |
| 9 New Square | |
| Lincoln's Inn | |
| LONDON, WC2A 3QN | |
| Auditors: | Myrus Smith |
| Norman House | |
| 8 Burnell Road | |
| Sutton | |
| Surrey | |
| SMI 4BW |
| Notes | Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | ||
| 2022 | 2021 | |||||
| Income and endowments | ||||||
| from: | 2 | |||||
| Donations | 80 | |||||
| Donated services | 10,481 | 10,481 | 47,520 | |||
| Legacies | 121,469 | 121,469 | 60,593 | |||
| Investments | (5.895) | 127,408 | 6.222 | 127,735 | 108,950 | |
| Deposit accounts and bank | ||||||
| interest | ||||||
| Other | ||||||
| Total | 126,055 | 127,408 | 6 222 | 259,685 | 217,143 | |
| Expenditureon: | ||||||
| Raising funds: investment | ||||||
| management charges | 33,813 | 33,813 | 35,400 | |||
| Charitable activities | 3 | 10,281 | 72,538 | 45,695 | 128,514 | 336,658 |
| Total | 10,281 | 72,538 | 79,508 | 162,327 | 372,058 | |
| Gains (losses) on | ||||||
| investment assets | 973,392 | |||||
| Net income/(expenditure) | 115,774 | 54,870 | (1,431,917) | (1 ,261 ,273) | 818,477 | |
| Transfers betweenfunds | 5.1.a | |||||
| Net movement in funds | 115,774 | 54,870 | (1,431,917) | (1 ,261 ,273) | 818,477 | |
| Reconciliation of funds: | ||||||
| Total funds brought forward | 65,257 | 235,904 | 7,949,142 | 8,250,303 | 7,431,826 | |
| Total funds carried | ||||||
| forward | 181 ,031 | 290,774 | 6,517,225 | 6,989,029 | 8,250,303 |
| 2022 | 2021 | |
|---|---|---|
| Net movement in funds | (1 ,261 ,273) | 818,477 |
| Unrealised (gains) losses on investments | (896,204) | |
| Difference between realised gains on | ||
| investments | ||
| calculated on a historical cost basis and | ||
| realised gains | ||
| calculated on a carrying market value | ||
| basis | (560,885) | (530,603) |
| Historical cost net movement in funds | ||
| SummaryIncome and Expenditure Account | ||
| 2022 | 2021 | |
| Total income ofcontinuing operations | 253,463 | 152,895 |
| Total expenditure of continuing operations | (82,819) | (336,658) |
| Net (expenditure)/incomefor the year | ||
| before transfers | 170,644 | (183,763) |
| Transfer from endowment funds | 148,998 | |
| Net (expenditure) income for the year | 170,644 | (94J65)_ |
| Notes | 2022 | 2021 | |
|---|---|---|---|
| Fixed assets: | |||
| Investments | 6 | 6 486 468 | 7,878,764 |
| Total fixed assets | 7,878 764 | ||
| Current Assets: | |||
| Debtors | 9 | 18,290 | 25,119 |
| Cash at bank and on deposit | 812,448 | ||
| Totalcurrent assets | 837,567 | ||
| Liabilities: | |||
| Legacies and funds awaiting distribution | 7 | (379,951) | (365,292) |
| Other creditors | 7 | (188,051) | (100.736) |
| Creditors: Amountfalling due within one year | (568,002) | (466,028) | |
| Netcurrent assets | 502,561 | 371 ,539 | |
| Total net assets | 6 989,029 | 8,250,303 | |
| The funds of the charity: | |||
| Total endowment funds | 5.3 | 6,517,225 | 7,949,142 |
| Restricted income funds | 5.4 | 290,773 | 235,904 |
| Unrestricted funds | 5.5 | 181 ,031 | 65,257 |
| Total charity funds | 6,989,029 | 8,250,303 |
| 2022 | 2021 | |
|---|---|---|
| Operating activities | ||
| Net movement in funds | (1 ,261,273) | 818,477 |
| Dividends | (127,735) | (108,950) |
| Interest | ||
| Investment management fees | 33,813 | 35,400 |
| (Gains)/losses on investments | 1,358,631 | (973,392) |
| (Increase)/decrease in debtors | 6,829 | 381,890 |
| Increase/(decrease) in creditors | 101,974 | 40,496 |
| 112,239 | 193,921 | |
| Investing activities | ||
| Investment managementfees | (33,813) | (35,400) |
| Purchase of investments | ||
| Proceeds from sale of investments | 1,301,095 | 1,241,864 |
| Interest received | ||
| Dividends received | 124,467 | 110,008 |
| 127,586 | 271,717 | |
| Financing activities | ||
| Increase/(decrease) in cash in year | 239,825 | 465,638 |
| Cash at beginning of year | 812,448 | 346,810 |
| Cash at end of year | 812,448 | |
| The notes on pages 12 to 25 form part of these financial statements. |
| Unrestricted | Unrestricted | Funds | Restricted | Funds | Endowment | Funds | |
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | ||
| Donations | 80 | ||||||
| Donated Services | 10,481 | 47,520 | |||||
| Legacies | 121,469 | 60,593 | |||||
| Investments | (5,895) | 127,408 | 44,702 | 6,222 | |||
| Deposit accounts and bank interest | |||||||
| Other | |||||||
| Total | 126,055 | 108,193 | 127,408 | 44,702 | 6,222 |
| Unrestricted Funds | Unrestricted Funds | Restricted | Restricted | Funds | Endowment | Funds | |
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | 2022 | 2021 | ||
| Charitable Distributions | |||||||
| In accordance with terms oftrust | |||||||
| Institutions | |||||||
| Individuals | |||||||
| Atthe discretion of the board | 156,546 | 72,538 | 129,842 | 45,695 | |||
| Support | |||||||
| costs | 7,731 | 44,970 | 2,750 | ||||
| Audit fees | 2,550 | 2,550 | |||||
| Total | 10,281 | 204,066 | 72,538 | 132,592 | 45,695 |
| 5.1 | Fund purposes | Fund purposes | |
|---|---|---|---|
| (a) | Endowment Funds | ||
| Fund | Purpose for which the income is to be applied | ||
| Anonymous MC98 | General Fund of Britain Yearly Meeting. | ||
| Blackwell | At the discretion of the Board taking account of the settlor's wishes. | ||
| Braithwaite | At the Board'sdiscretion in consultation with settlor's representative. | ||
| Colenso | General Purposes but income is for the reliefof poverty. | ||
| Cox | Britain Yearly Meeting for the provision and maintenance of Meeting |
||
| Houses. | |||
| Doncaster | 40% Worcester& Shropshire Area Quaker Meeting, | ||
| 20% South Wales Area Quaker Meeting, | |||
| 20% Southem Marches Area Quaker Meeting (212/286) | |||
| & Mid-wales Area Quaker Meeting (74/286), | |||
| 20% Britain Yearly Meeting (Peace and Service). | |||
| General Gifts and Legacies | At the discretion of the Board. | ||
| Northem | Friends Peace Board | For Northern Friends' Peace Board. | |
| Simmons | For Britain Yearly Meeting taking account of the settlor'swishes. | ||
| Stewart | 80% Sussex& Surrey Regional Quaker Meeting | ||
| 20% Tunbridge Wells Quaker Meeting. | |||
| Todd | For Meeting House repairs and purchases in the | ||
| Kingston-upon-Thamesarea. | |||
| Ward | At the discretion of the Board taking account of the settlor's wishes. | ||
| Wirral & North Wales | ForWirral & Chester and North WalesArea QuakerMeetings. | ||
| Witting | Individual relief: 40% England, 40% Germany, 20% Poland. | ||
| Young Friends General Meeting | For Young Friends General Meeting. |
| 5.2 Analysis of net assets between funds |
|||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2022 | 2021 | |
| Funds balances at 31 | |||||
| December are represented by: | |||||
| Investments | 6,486,468 | 6,486,468 | 7,878,764 | ||
| Net Current Assets | 181 ,031 | 290,773 | 30,757 | 502,561 | 371,539 |
| 181 031 | 290,773 | 6,517,225 | 6 989,029 | 8,250,303 | |
| Included above are unrealised (losses) gains | |||||
| on investments as follows | |||||
| Unrealised gains (losses) at 1 January | 3,619,555 | 3,619,555 | 3,253,954 | ||
| Add (Deduct) in respect of disposal in year | (560,885) | (560,885) | (530,603) | ||
| Deduct / Add: net (losses) /gains arising on | |||||
| revaluations in year | (1,249,263) | 896,204 | |||
| Unrealised gains (losses) at 31 December | 1 809,407 | 1 809,407 | 3,619,555 | ||
| Comparative information as follows: | |||||
| Unrestricted | Restricted | Endowment | Total | Total | |
| Funds | Funds | Funds | 2021 | 2020 | |
| Funds balances at 31 | |||||
| Decemberare represented by: | |||||
| Investments | 7,878,764 | 7,878,764 | 7,102,481 | ||
| Net CurrentAssets | 65,257 | 235,904 | 70,378 | 371 ,539 | 329,345 |
| 65 257 | 235,904 | 7,949,142 | 8,250,303 | 7,431,826 | |
| Included above are unrealised (losses) gains | |||||
| on investments as follows | |||||
| Unrealised gains (losses) at 1 January | 3,253,954 | 3,253,954 | 2,284,499 | ||
| Add (Deduct) in respect of disposal in year | (530,603) | (530,603) | 240,363 | ||
| Deduct / Add: net (losses) / gains arising on | |||||
| revaluations in year | 896,204 | 896,204 | 729,092 | ||
| Unrealised gains (losses) at 31 December | 3,619,555 | 3,619,555 | 3,253,954 |
| 5.3 Endowmentfunds | ||||||
|---|---|---|---|---|---|---|
| Unrealised | ||||||
| Balance as | & Realised | Balance as | ||||
| at 1 Jan | Income | Resources | Gains | at 31 Dec | ||
| 2022 | Resources | Expended | (Losses) | Transfers | 2022 | |
| Anonymous MC98 | 595,770 | 10 | (10,547) | (100,469) | 484,764 | |
| Blackwell | 3,537,482 | 5,883 | (15,153) | (616,234) | 2,911,978 | |
| Braithwaite | 130,584 | 2 | (2,311) | (22,020) | 106,255 | |
| Colenso | 409,656 | 7 | (7,089) | (67,529) | 335,045 | |
| Cox | 969,653 | 16 | (17,167) | (163,513) | 788,989 | |
| Doncaster | 449,967 | 7 | (7,966) | (75,880) | 366,128 | |
| General Gifts and Legacies | 282 | (4,276) | (170,120) | 834,697 | ||
| Northem Friends Peace Board | 36,748 | (651) | (6,199) | 29,899 | ||
| Rowntree | ||||||
| Simmons | 247,395 | 4 | (4,380) | (41,715) | 201,304 | |
| Stewart | 116,681 | 2 | (2,066) | (19,673) | 94,944 | |
| Todd | 255,124 | 4 | (4,516) | (43,022) | 207,590 | |
| Ward | 115,753 | 2 | (2,049) | (19,518) | 94,188 | |
| Wirrall & NorthWales | 37,716 | 1 | (668) | (6,362) | 30,687 | |
| Young Friends General Meeting |
37,802 | 1 | (669) | (6,377) | 30,757 | |
| 7,949,142 | 6,222 | (79,508) | 6,517,225 |
| Comparative information is as fo | llows: | |||||
|---|---|---|---|---|---|---|
| Unrealised | ||||||
| Balance as | & Realised | Balance as | ||||
| at 1 Jan | Income | Resources | Gains | at 31 Dec | ||
| 2021 | Resources | Expended | (Losses) | Transfers | 2021 | |
| Anonymous MC98 | 516,924 | 8,022 | (2,697) | 73,521 | 595,770 | |
| Blackwell | 3,118,383 | 4,967 | (15,991) | 430,123 | 3,537,482 | |
| Braithwaite | 113,304 | 1,758 | (591 ) | 16,113 | 130,584 | |
| Colenso | 356,661 | 5,392 | (1,813) | 49,416 | 409,656 | |
| Cox | 841,331 | 13,057 | (4,390) | 119,655 | 969,653 | |
| Doncaster | 390,417 | 6,059 | (2,037) | 55,528 | 449,967 | |
| General Gifts and Legacies | 875,304 | 13,584 | (4,567) | 124,490 | ||
| Northem Friends Peace Board | 31,883 | 495 | (166) | 4,536 | 36,748 | |
| Rowntree | 148,473 | 525 | (148,998) | |||
| Simmons | 214,658 | 3,331 | (1,120) | 30,526 | 247,395 | |
| Stewart | 101,242 | 1,571 | (529) | 14,397 | 116,681 | |
| Todd | 221,362 | 3,435 | (1,155) | 31,482 | 255,124 | |
| Ward | 100,437 | 1,558 | (524) | 14,282 | 115,753 | |
| Wirrall & NorthWales | 32,723 | 508 | (171) | 4,656 | 37,716 | |
| Young Friends General | ||||||
| Meeting | 32,798 | 509 | (172) | 4,667 | 37,802 | |
| 64,246 | (35,398) | 973,392 | (148,998) | 7,949,142 |
| .4 Restricted Funds |
|||||
|---|---|---|---|---|---|
| Balance as | Balance as | ||||
| at 1 Jan | Income | Resources | at 31 Dec | ||
| 2022 | Resources | Expended | Transfers | 2022 | |
| Anonymous MC98 Blackwell |
(202) 40,341 |
12,536 52,660 |
(58,393) | 12,334 34,608 |
|
| Braithwaite | (255) | 2,748 | 2,493 | ||
| Colenso | 1 ,550 | 8,426 | (950) | 9,026 | |
| Cox | 92 | 20,403 | 20,495 | ||
| Doncaster Northern Friends Peace Board |
(175) (14) |
9,468 774 |
9,293 760 |
||
| Rowntree | 6,892 | 6,892 | |||
| Simmons | (97) | 5,205 | 5,108 | ||
| Stewart | (45) | 2,455 | 2,410 | ||
| Todd | (99) | 5,368 | 5,269 | ||
| Ward | (45) | 2,436 | 2,391 | ||
| Witting Narrowly Restricted | 187,991 | 3,339 | (13,195) | 178,135 | |
| Wirrall & NorthWales | (15) | 794 | 779 | ||
| Young Friends General Meeting | (15) | 796 | 781 | ||
| Total | 235,904 | 127,408 | (72,538) | 290,774 | |
| Comparative information is as follows: | |||||
| Balance as | Balance as | ||||
| at 1 Jan | Income | Resources | at 31 Dec | ||
| 2021 | Resources | Expended | Transfers | 2021 | |
| Anonymous MC98 | 6,981 | (7,183) | (202) | ||
| Blackwell | 45,809 | 44,701 | (50,169) | 40,341 | |
| Braithwaite | 1,796 | (2,051) | (255) | ||
| Colenso | 4,756 | (3,206) | 1,550 | ||
| Cox | 11,363 | (11,271) | 92 | ||
| Doncaster | 5,273 | (5,448) | (175) | ||
| Northern Friends Peace Board | 431 | (445) | (14) | ||
| Rowntree | 6,892 | 6,892 | |||
| Simmons | 2,899 | (2,996) | (97) | ||
| Stewart | 1,367 | (1,412) | (45) | ||
| Todd | 2,990 | (3,089) | (99) | ||
| Ward | 1,356 | (1 ,401) | (45) | ||
| Witting Narrowly Restricted | 230,996 | (43,005) | 187,991 | ||
| Wirrall & NorthWales | 442 | (457) | (15) | ||
| Young Friends General Meeting | 443 | (458) | (15) | ||
| Total | 323,794 | 44,701 | (132,591) | 235,904 |
| Balance as | Income | Resources | Balance as at | ||
|---|---|---|---|---|---|
| at 1 Jan 2022 | Resources | Expended | Transfers | 31 Dec2022 | |
| General Gifts and Legacies | 65,257 | 126,055 | (10,281) | 181,031 | |
| Total | 65,257 | 126,055 | (10,281) | 181 ,031 | |
| Comparative information is as follows: | |||||
| Balance as | Income | Resources | Balance as at | ||
| at 1 Jan 2021 | Resources | Expended | Transfers | 31 Dec2021 | |
| General Gifts and Legacies | 12,132 | 108,193 | (204,066) | 148,998 | 65,257 |
| Total | 12,132 | 108,193 | (204,066) | 148,998 | 65,257 |
| Total | Total | |
|---|---|---|
| 2022 | 2021 | |
| Cash | 232,449 | 274,921 |
| Common investment funds | ||
| OEICs and unit trusts | 1,412,971 | 1,907,473 |
| UK equities | 2,475,219 | 3,087,137 |
| I-JKfixed interest | 765,944 | 457,084 |
| Overseas equities | ||
| Overseasfixed interest | 263,450 | 308,781 |
| Overseas unit trusts | ||
| Total investments | 6,486,468 | 7,878,764 |
| 6.2 Investment movements |
||
| Total | Total | |
| 2022 | 2021 | |
| Market value at 1 January | 7,878,764 | 7,102,481 |
| Acquisition at cost | 1,264,163 | 1,044,755 |
| Disposal at carrying market | ||
| value | (1,164,675) | |
| Unrealised gains (losses) in | ||
| year | 896,203 | |
| Market value at 31 December | 6 486,468 | 7 878 764 |
| Historic cost | 5,189,129 | 4,738,892 |
| Total | Total | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Balance at 1 January | 365,292 | 10,000 | ||
| Funds | and legacies received | 914,228 | I | ,254,444 |
| Funds | and legacies distributed | (899,569) | (899,152) | |
| Balance at 31 December | 379,951 | 365,292 | ||
| 8. | Othercreditors | |||
| Total | Total | |||
| 2022 | 2021 | |||
| Accrued Grants | 169,511 | 91,282 | ||
| Other | 18,540 | 9,454 | ||
| Balance at 31 December | 188,051 | 100,736 | ||
| 9. | Debtors |
| Total | Total | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Accrued | Legacy Income | 15,022 | 12,569 |
| Other | 3,268 | 12,550 | |
| Balance | at 31 December | 18,290 | 25,119 |
| Ackworth School 1950Trust | To hold funds of gifts, legacies, donations, etc. for the benefit of Ackworth School. |
|---|---|
| Breckenbrough School: After Care | To give help and advice to former pupils of Breckenbrough School |
| Committee | |
| Camfield's (Francis) Trust | Supporting individualQuakers in need witnessing to Christian and |
| Quaker testimonies | |
| Central England Quaker Old People's Fund | Charitable purposes for the benefit of the aged, particularly for |
| Trust | those who are members of Central Erglarri Area Quaker Meeting |
| of the Religious Society of Friends (Quakers) | |
| Society of Friends - Charney Manor |
Furthering thereligious and other charitable purposes of the |
| Society of Friends | |
| Cole, Susanna (and Others), Charities | To supportand help friends in need who are members or |
| attenders of Central England Area Quaker of the |
|
| Religious Society of Friends | |
| Friends I-busing Bursary Trust | For the benefit of elderly poor persons in Great Britain who are |
| need of financial assistance to providethem with suitable housing | |
| accommodation | |
| Glenthorne Quaker Centre | To provide a place where Quaker spiritual, charitable and |
| educational concerns can be advanced. | |
| Gorman George Memorial Fund | The advancement of (religious) education and the advancement of |
| religion according to the principles and beliefs of the Religious | |
| Society of Friends | |
| Greenwood Educational Trust | To advance the education of persons under the age of 25 and in |
| need of financial assistance who are connected with the Society of | |
| Friends in Essex or Suffolk | |
| I-brniman (John) Trust: Bedford Institute | Income to be used by Quaker Social Action |
| Tickells (Hugh) Charity | For the general benefit ofsuch poor people as the trustees in their |
|---|---|
| discretion think fit | |
| Wensleydale & Swaledale Quaker Trust | 1. The relief of Quakers, Atterders and other people who are in |
| need, hardship ordistress and are resident in the area of benefit; | |
| 2. The maintenance and upkeep of the Quaker meeting houses | |
| and burial grounds within the area of benefit; 3. To further ttE | |
| religious and other charitable deeds and works of the | |
| Wensleydale and Swaledale Area Quaker Meeting in Britain and | |
| overseas. | |
| Woodbrooke Quaker Study Centre | Provision of learning to Quakers and others to advance the |
| Quaker faith and enhance of social and spiritual |
|
| matters. |