2021-12-31-accounts - Quaker Housing Trust Limited

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Legal and administrative	details
Report ofthe Council of Management		2-5
Independent Auditor's	Report	6-8
Statement of Financial	Activities
Balance Sheet
Notes to the Financial	Statements	11 —19

financial s	tatements for the year ended 31 December 2021.	tatements for the year ended 31 December 2021.
Reference	and administrative details, its trustees and advisers
Charity number:		254704
Company	number;	00924311
Registered	office:	Friends House, 173Euston Road, London		NW1 2BJ
Clerk:		Mark Bitel
Treasurer.		Malcolm Bowker (to April 2021)
		David Hickok (from April 2021)
Secretary:		Simon Phillips (to August 2021)
		Jennifer Allott (from February 2022)
Bankers:		CAF Bank Ltd, 25 Kings Hill Avenue,	Kings	Hill, West Mailing,		Kent ME194JQ
Solicitors:		CMS, 78Cannon St, London EC4N SAF
		Bates Wells, 10Queen Street Place,	London EC4R		1BE
		Holmes Mackillop, 109Douglas Street, Blythswood			Square, Glasgow G2 4HB

				UNRESTRICTED FUNDS	UNRESTRICTED FUNDS			TOTAL	TOTAL
				General	Designated	Restricted	Endowment
Income and endowments			Notes	Fund	Fundsf	Funds f	Funds f	2021 f	2020 f
from:
Donations and legacies Charitable activities Investment income			3a 3b 3c	46,645 7,434 518				46,645 7,434 518	68,400 48,258 1,623
Total income				54,597				54,597	118,281
Expenditure on:
Raising funds Charitable activities				3,315 35,802	35,129		52	3,315 70,983	375 172,863
Total expenditure				39,117	35,129		52	74,298	173,238
Net gains/(losses)	on Investments						2,983	2,983	(4,205)
Net income/expenditure		and		15,480	(35,129)		2,931	(16,718)	(59,162)
net movements in funds
Transfer between funds			13
Net movement in	funds			15,480	(35,129)		2,931	(16,718)	(59,162)
Reconciliation of Total funds brought	funds forward		14,15,16	22,532	668,649	89,500	19,667	800,348	859,510
Total funds carried	forward		14,15,16	F38,012	f633,520	f89,500	f22,598	F783,630	f800,348

			2021		2020
		Notes	F
Fixed Assets
Investments				22,598		19,667
Current Assets
Debtors		10	479,387		548,002
Cash at bank and	on deposit		286,957		237,949
			766,344		785,951
Creditors: Amounts	falling
due within one year		12	5,312		5,270
Net current assets				761,032		780,681
Net assets		17		f783,630		F800,348
Unrestricted funds
General		14	38,012		22,532
Designated		14	633,520		668,649
				671,532		691,181
Restricted funds
Audrey Deacon Legacy		16		89,500		89,500
Endowment funds		15		22,598		19,667
TOTAL FUNDS				6783,630		F800,348

		General	Designated	Restricted	TOTAL	TOTAL
		Fund F	Funds	Fundf	2021f	2020f
a)	Donations and legacies Donation and gifts Donated services (note 8)	15,887 30,758			15,887 30,758	17,663 50,737
		f46,645	fNil	fNil	f46,645	F68,400

INC	OME AND E	NDOWMENTS /c	ontd. ..
			General	Designated		Restricted		TOTAL	TOTAL
			Fund		Funds	Fund		2021	2020
b)	Charitable	activities	6		5		5	F
	Grants returned								44,658
	Administration
	charge on	loans	7,434					7,434	3,600
			F7,434		ENil		ENil	F7,434	E48,258
	All ofthe f48,258 recognised		in 2020 related		to the unrestricted		general	fund.
c)	Investment	income	6					6
	Dividends		505					505	905
	Bank interest		13					13	718
			F518		ENil		FNil	F518	61,623

		Activities	Grant
		undertaken	funding	of	Support	TOTAL	TOTAL
		directly	activities F		costs	2021f	2020
Publicity	costs	F3,315	ENII		FNil	F3,315	F375

		Activities	Grant
		undertaken	funding	of	Support	TOTAL	TOTAL
		directly F	activities f		costs	2021 F	2020 F
Capital grants			35,129			35,129	101,932
Working groups							181
BYM support (note 8)					30,758	30,758	50,737
Legal fees							12,791
Bookkeeping					1,266	1,266	1,440
Secretarial expenses					249	249	404
Subscriptions / fees					397	397	1,464
Council of Management		458				458	1,003
Governance costs (Note 6)					2,250	2,250	2,220
Sundry expenses					476	476	691
Total charitable	expenditure	f458	F35,129		f35,396	F70,983	F172,863

institutions)	or loans.				y y	g
Analysis of	capital grants	Designated	Restricted	Support	TOTAL	TOTAL
		fund F	fundf	costs	2021	2020
Handcrafted	Projects	5,000			5,000
Ella's Home		8,000			8,000
BoAZ Trust		13,125			13,125
Pathways for all People		9,004			9,004
Total 2020						101,932
		f35,129	FNil	fNil	f35,129	f101,932

2021	2020
F
E2,250	F2,220

DONATED SERVICE	S	S
The cost ofsecretarial	support		provided	by Britain Yearly Meeting to the Quaker Housing		Trust has been
paid by Britain Yearly	Meeting		in the year as a reflection		of the Yearly Meeting's concern		for housing
issues in its corporate	work.		The sum	ofF30,758 (2020:F50,737) has been included		in the Statement
of Financial Activities	as donated services and as support				costs.
FIXEDASSET INVESTMENTS
					2021f		2020f
Market Value brought	forward				19,667		23,934
Disposal in year (proceeds)					(52)		(62)
Net unrealised gain / (loss)					2,975		(4,194)
Net realised gain / (loss)					8		(11)
Market Value carried	forward				822,598		F19,667
Investments at market value comprised:
UK Unit Trusts					F22,598		819,667
Historical Cost					810,879		F10,908
DEBTORS
					2021		2020
Due within one year:					F		6
Loans to housing charities		(Note 11)			73,508		74,987
Other Debtors					1,347		2,667
					74,855		77,654
Due after one year:
Loans to housing charities		(Note 11)			404,532		470,348
					F479,387		F548,002

Loans for housing activit	ies	in 2	021 w	ere to t	he following	charities:
					Balance			Balance
					1 Jan	Advanced	Repaid	31 Dec	Repayable
~oi bdF d				Note	2021	In Year f	In Year	2021f	By
General Loan Fund
AEOB House People					12,000		2,000	10,000	2026
Big Help Project					25,000			25,000	2030
Bridgenorth Housing Trust					14,000		4,000	10,000	2026
Calder Valley Community	Land	Trust			3,800		200	3,600	2040
Canopy Housing Project					2,450		2,450
Canopy Housing Project					9,000		1,000	8,000	2029
Central England AQM					16,334		2,334	14,000	2027
Coatham House					34,800		3,200	31,600	2032
East Cleveland Youth Housing		Trust			13,500		1,500	12,000	2029
Emmaus Hastings & Rother					10,667		1,333	9,334	2033
Gilead Foundations Charity					9,000		3,000	6,000	2023
Giroscope					13,339		1,666	11,673	2028
Handcrafted Projects					29,750		1,500	28,250	2038
Harrogate FHA					2,000		2,000
Harrogate FHA					5,000		5,000
Helmsdale 8 Distdict Development			Trust		13,000		1,000	12,000	2033
Hope into Action: Black Country					7,333		1,000	6,333	2027
Hope into Action: East of England					60,000		4,000	56,000	2035
Jericho Foundation					14,000		2,000	12,000	2027
L.A.T.C.H.					39,000		3,250	35,750	2032
Manchester Settlement					15,000		16,000		2024
Mull and iona Community	Trust				12,600		2,100	10,500	2026
Norfolk and Waveney AM					5,000		2,500	2,500	2022
Norman Almhouses Charity					20,000		2,500	17,500	2029
SAHWR					10,000		1,000	9,000	2031
St Hilda's Almshouses Trust					14,000		2,000	12,000	2027
StVincent's &StGeorge's	Assoc				1,600			1,600	2022
Stop Gap Supported Housing						21,000		21,000	2032
Street Connect					16,000		2,000	14,000	2029
Street Connect 2					15,000		1,000	14,000	2030
Sussex Emmaus					3,212		3,212
Wensleydale 8 Swaledale	Q Trust				2,000		2,000
Whitby Area Development	Trust				9,000		3,000	6,000	2023
YMCA Glenrothes					10,500		1,500	9,000	2027
Restricted Fund
Audrey Deacon Legacy
Calder Valley Community	Land	Trust			19,950		1,050	18,900	2040
Glendale Gateway Trust					49,000		3,500	45,500	2024
Powell and Welch Almshouse		Charity			7,500		2,500	5,000	2023
Total Loans					f545,335	f21,000	f88,295	f478,040
Loans due to be repaid within	one	year			74,987			73,508
Loans due to repaid after one	year				470,348			404,532
					f545,335			f478,040

UNRESTRICTED FUNDS
		Designated
	General	Grant and	Total
	Fund	Loan Fund	2021
	F
Balance at 1 January 2021 Net income/(expenditure)	22,532 15,480	668,649 (35,129)	691,181 (19,649)
Transfer between funds
Balance at 31 December 2021	f38,012	f633,520	F671,532

Comparative information for the analysis of u	nrestricted funds in the pre	vious year is as	follows:
		Designated
	General	Grant and	Total
	Fund	Loan Fund	2020
	F	F	5
Balance at 1 January 2020 Net income/(expenditure) Transfer between funds	13,508 47,037 (38,013)	732,568 (101,932) 38,013	746,076 (54,895)
Balance at 31 December 2020	F22,532	8668,649	5691,181

ENDOWMENT FUNDS
					Total
		Revaluation		Endowment	2020
			E		F
Balance at 1 January 2021 Disposal Revaluation during the year			8,759 (23) 2,983	10,908 (29)	19,667 (52) 2,983
Balance at 31 December 2021		F11,719		F10,879	F22,598
Comparative information for the analysis	ofendowment	funds	in the previous year isas		follows:
					Total
		Revaluation		Endowment	2020
			F	E	E
Balance at 1 January 2020 Disposal Revaluation during the year			12,997 (33) (4,205)	10,937 (29)	23,934 (62) (4,205)
Balance at 31 December 2020			F8,759	E10,908	F19,667

RESTRICTEDFUNDS
	Total	Total
	2021	2020
	F.	E
Balance at 1 January 2021	89,500	89,500
Expenditure
Balance at 31 December 2021	F89,500	F89,500

ANALYSISOFNETASSETS B	YFUNDS
			Other Net
2021	Investments E	Loans	Assets F	Total F
Unrestricted Funds: General Fund Designated Funds		408,640	38,012 224,880	38,012 633,520
Restricted Funds Audrey Deacon Legacy		69,400	20,100	89,500
Endowment Funds	22,598			22,598
At 31 December 2021	E22,598	F478,040	E282,992	F783,630

Comparativ	e information for the	analysis of net assets	by funds in the pr	evious year is as	follows:
				Other Net
2020		Investments	Loans	Assets	Total
			F	F
Unrestricted	Funds:
General	Fund			22,532	22,532
Designated Funds			468,885	199,764	668,649
Restricted	Funds
Audrey Deacon Legacy			76,450	13,050	89,500
Endowment	Funds	19,667			19,667
At 31 December 2020		E19,667	F545,335	6235,346	F800,348

the Council	of Man	age	ment but h	ave not bee	n paid or accru	ed for in the Fi	nancial Stateme	nts.
					Loans	Grants	2021	2020
							F	F
Arisaig Community		Trust				20,000	20,000	20,000
Assist Sheffield						6,000	6,000	6,000
BOAZ Trust						12,875	12,875
Ella's Home								8,000
Handcrafted	Projects							5,000
Rural Urban	Synthesis		Society					4,100
Staffin Community		Trust						20,000
Strathglass	and Affric		Community	Group		10,000	10,000	10,000
					FNil	F48,875	848,875	873,100