QUAKER HOUSING TRUST
{A Company Llmitod By Guarantee)
{Company No.: 9243111
{Chartty No.: 254704)
REPORT & FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
MYRUS SMITH
Chartered Accountants
Norman House,
8 Burnell Road,
Sutton, Surrey.
SM14BW

QUAKER HOUSING TRUST
(A Company Limlted By Guarantee)
(Company No.: 924311)
(Charity No.: 2547041
REPORT & FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
CONTENTS
Legal and admlnlstrauve details
Report of the Council of Management
Independent Auditor's Report
statement of Financial Activities
10
Balance Sheet
11
Notes to the Financial Statements
12-20

QUAKER HOUSING TRUST
(A Company Limited By Guarantee)
The tnjstee directors. known as Council of Management, present their annual report and the audited
financial statements for the year ended 31 Decefflber 2023.
Referen￿ and administrative details, its trustees and advisers
Charity number..
254704
Company number..
00924311
Registered Offi￿..
Friends House, 173 Euston Road, London NW1 2BJ
Clerk..
Mark Bitel
Treasurer..
David Hickok
Secretary & Grants Manager..
Jennifer Allott {until November 20231
Grace Burgess If￿M March 2024)
Bankers..
CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill. West Malling, Kent ME19 4JQ
Solicitors:
CMS, 78 Cannon St, London EC4N 6AF
Auditors..
Myrus Smith, Nomian House. 8 Burnell Road, Sutton, Surrey SM14B
Dlrectors and trustees
The directors of the charitable company (the charity) are its trustees for the purposes of charity law and
throughout this report are collectively referred lo as Ihe Council of Managernent. The trustees who seNed
as members of the Council of Management during the year and up lo the date of this report are as follows..
Martin Appleton
Bill Bewley
Mark Bilel
Karima Brooke {appoinled 27104120241
Jennifer Brierley (appointed 22104123}
Robin Fishwick
Morayo Fagborun-Bennett
Wendy Gerard (released 221041231
Beverley Goddard
Mary Hammond Ireleased 22104123)
David Hickok
Rici Marshall Cross
Hilary Pa*rick (appointed 221041231
Peter Ranken
Peter Rice
Staff
The work of Quaker Housing Trust is setviced on a part-time basis by a member of Britain Yearly Meeting
staff based in Quaker Peace & Social Witness, who acts as Charrty Secretary & Grants Manager.

QUAKER HOUSING TRUST
(A Cornpany Limited By Guarantee)
REPORT OF THE COUNCIL OF MANAGEMENT
Structure, Governance and Management
Coverning Document
Quaker Housing Trust is a charitable company limited by guarantee, governed by its Memorandum and
Articles of Association dated 9 November 1967. It was incorporated on 7 December 1967 under company
number 924311. It is registered as a charity with the Charity Commission. Its members are co-terminus with
the Council of Management, each of whom agree to contribute £1 in the event of the charity winding up.
New Articles of Association were adopted in December 2012.. these make no change to the original Objects
but upd2ts the Arti¢les and formalise the use of the Quaker Business Method by Council of Management.
Appointment ot Trustees
Council of Management consists of be￿een seven and Iwelve members of the Religious Society of Friends
lQuakersl, appointed by Meeting for Sufferings of Yearly Meeting of the Religious Society of Friends
(Quakers) in Britain (Religious Society of Friends).
They are appointed for terms of up to three years by Meeting for Sufferings. Names are submitted by its
Central Nominations Committee, to form the Council of Management. Appointments run from the rise of the
annual retirement meeting al which terms of membership begin and end. In 2023 this was the Council of
Management meeting on Saturday 22 April.
Trustee induction and training
The induction matertals for Trustees include, in addition lo the Memorandum and Articles of Association,
the committee and decision-making processes, and recent financial performance of the charity, details of
the history and purpose, priorities. and organisalion of QHT and an outline of the responsibility for trustees
of any charity and those specifi'cally relating to QHT.
At least every three years one of our rneetings includes a training session in the basics of charity
trusteeship and elements specific lo this body.
Organi5ation
The Council of Management administers the charity. Al decisions about loans and grants to applicant
projects, and about policy matters are made by the full Council of Management which meets five limes a
year.
The Council of Management appoints a clerk, assistant clerk and truslee treasurer from amongst their
number, using the Quaker method of nominations.
The Charity Secretary & Grants Manager, who is an employee of Britain Yearly Meeting, manages the day-
to-day operations of the charity. The cost of this secretarial support 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 Council of Management appoints a freelance consultant as non-trustee assistant treasurer to keep
financial records and financial management information, and to prepare the draft annual accounts.
Risk management
Risk assessment is a continual process which we bear in mind throughout the year, as well as reviewing
the risks and controls annually. We are satisfied that the major risks lo which the work of QHT is expos￿.
in particular, those related to the operations and finances of the Trus[ have been identified and that
systems are in place to mitigate QHT'S exposure to such risks.
We continue to be a conduit through which Friends, money and activity can be turned into practical help for
social housing projects. These in turn can transform vulnerable peoples, lives by providing them with a safe
place to Ilve.
It is part of the ethos of Quaker Housing Trust that to achieve our objectives we disburse whatever funds
are currently available to us at our application meetings. Our pallern of expenditure on loans and grants
has continued lo be in excess of annual income through donations, which reflects the su¢¢ess at putting
Quaker money actively to work.

QUAKER HOUSING TRUST
IA Company Llmited By Guarantee)
REPORT OF THE COUNCIL OF MANAGEMENT
Icontinued
The activity of the Trust has always been thus, and we have in place a strategy to ensure continuation of
the charity.
Council of Management have a risk management strat￿Y which comprises..
an annual review of the risks the charity may fa￿., and
the establishment of systems and procedures to fniligate those risks identified in the plan., and
the implementation of pr(￿edureS designed to minimise any potential effect upon the charity should
those risks materialise.
We are aware of possible risks to our charitable funds at a time when the projects we help are still facing
increasing difficulties in obtaining revenue and capital funds.
Objectives and Activlties
Quaker Housing Trust was fomied In 1967 in response lo Friends, concern about the provision of adequate
and appropriate housing. Our work is a practical expression of Friends, concem about the needs of badly
housed, homeless and vulnerable people in Britain, Independent of the Britain Yearly Meetsng funds,
Quaker HoLtsing Trust is a channel whereby Friends may give {and in the past also lend) money for such
provision.
The Trust makes grants and interest free loans to charitable organisalions meeting a real housing ne￿.
We require them to be providing good quality, appropriate accommodation at a rent which low income
occupants can genuinely afford_
The trustees confirm that they have referred lo the guidance contained in the Charity Commission's general
gLJidance on Public Benefit when reviewing the Trusys aims and objectives, and in planning future activities
and setting grant and loan making policy for the future year.
Achievements and Perfomiance
In 2022 we reviewed our grant giving policy, seeking to ensure our limited funds are targeted to projects
which reflect our houslng concern. Following discemmenl, we agreed the following paragraph outlining our
priorities for award glving.
Quakers have long supported housing justice. Finding a safe, comfortable. and affordable home challenges
many people in Britain. Our Quaker testimony of equality means we believe everyone should have aC￿sS
to qLJality housing. We support charities which provide homes for people who have a specific housing need
or are at points of transition in their lives. Examples of this need might be people seeking asylum.
recovering from addiction. leaving prison, or moving from domestic abuse. Aligning with our Quaker
testimony of sustainability, we expect housing projects which we support to be highly energy efficient to
address the climate crisis and redu￿ fuel poverty. Until the end of 2024, we a￿ particulady interested in
projects from areas geographically underrepresented in our previous grant applicats'ons (Wales and the
East of England) and minoritised communities. Our aim is to use our funding to create homes. We look to
fund projects which meet a real housing need and where our funding makes a real diffeTence.
In reviewing our grant giving policy, we also iolentifted a need to support Quaker Meeting which have
surplus assets and wish to consider turning these into social housing. We developed a new grant scheme,
the Quaker Asset Feasibility Grants which allow Area Meets'ng to apply for up lo £6000 to support work
looking al the feasibility of transforming Quaker assets into social housing. During the year, we consulted
with Quaker meetings on the design of this grant programme.
The projects offered loans andlor grants in 2023 totalling £147,999.
The applicants were..
Ella's
which provides housing to who have survived trafficking and sexual exploitation, was awarded a
grant of £25.000 to purchase a safe home for women who have been traffi'cked.

QUAKER HOUSING TRUST
(A Company Limlted By Guarantee)
REPORT OF THE COUNCIL OF MANAGEMENT
Icontinued
Deptford Ragged Trust - a charity which provides a community space to people in Lewisham, was a
awarded a grant of £25,000 to contribute towards the build of 33 flats for people in the area experiencing
homelessness.
Assist Sheffield -SUPPOrts people who have been refused asylum and have no recourse to public funds
and refugees. Assist Sheffield was awarded a grant of £10,000 and a loan of £25,000 lo contribute towards
the purchase and renovation of a property which will house families with refugee status and people seeking
asylum.
YMCA Glenrothes - a charity with a community centre, sports clubs and housing was awarded a grant of
£9,999 and a loan of £10,000 to contribute towards the purchase of a former council house. This property
provides homes for people who have experienced homelessness.
West of Scotland Area Meetlng IWSAMI- This Quaker Meeting was awarded a Best Practice grant of
£6,ODO. The grant enabled WASM to conduct a feasibility study to explore the viability of creating
affordable, rented residential accommodation, which will priorilise those with particular housing needs, by
refurbishing the meeting house.
East Kent Area Meeting - Canterbury Refugee House - East Kent Area Meeting. a Quaker Meeting.
was awarded a grant of £25,000 lo purchase a property to provide housing for people with r6fugee status.
Financial Review
Revlew of grants and loans made
All decisions about loans and grants are made by the full Council of Management which met five times in
2023. Applications are actively encouraged from suitable charities, and during the year we paid grants
lotalling £70,999 to social housing projects.
Finances
The main financial transactions during the year consisted of loans and grant5.
The major sources of income were gifts and donations of £43,374 and investment income & bank interest
£5,654.
Quaker Housing Trusvs financial position at the balance sheet date is sound. The assets of each of the
funds are more than adequate lo cover loans and grants already aulhorised, and further loans and grants
will be paid in the following year within the level of available resources.

QUAKER HOUSING TRUST
(A Company Limited By Guarantee)
REPORT OF THE COUNCIL OF MANAGEMENT
Icontinued
Investment powers and policy
The company has powers to invest monies not immediatety required for its purposes In such investments,
securities or propety as may be thought fit. We currently have only the Endowment Fund investsnents,
which contsnue to be held in a Fidelity Fund Nelwork account in the narne of Quaker Housing Trust.
Reserves Policy
The spirit and ethos of the founding purposes of Quaker Housing Trust is to make available the maximum
funds for the work of the charity. To that end Twslees Set aside only sufficient funds for one yeaffs running
costs.
Trustees also hold in the cash ￿serveS sufficient funds for one year's running costs.
Plans for future perlods
Quaker Houslng Tmst is a practical expression of the long-standing Quaker Can￿rn about housing need in
Britain. The concem is not just about houses.. il is about people and lives, and having a safe, secure and
appropriate pla￿ to live. It recognises that housing
a home - is a vital element of an inclusive and
compassionate society.
Quaker Housing Trust was created in 1967 as Yearly Meeting in Britaln's own housing charity. It is a
national channel through which Quakers (Friends) can put money directly into projects creating homes. We
tum this Quaker vision, energy and money into help for charitable social housing projects which can
transform the lives of people who would otherwise be badly housed or homeless.
Our su￿sS at putting Quaker money actively to work means that income from the annual repayment of
loans and the donations from Friends cannot always keep pace with the applications we receive. This Gan
mean that funds available at any meeting for new loans and g￿nIS are sometimes low.
We continue to work with Triodos Bank about ways in which the monies held in its Quaker Social Housing
Saver accounts could be used more effectively to help social housing projects.

QUAKER HOUSING TRUST
{A Company Limited By Guarantee)
REPORT OF THE COUNCIL OF MANAGEMENT
Icontinued
Trustees. responslblllties statement
The Iruslees (who are also directors of Quaker Housing Trust for the purposes of company lawl are
responsible for preparing the Trustees, Report and the financial statements in accordan￿ with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi￿1.
Company law requires the trustees to prepare flnancial statements for each financial year. Under company
law the trustees must not approve the financial statements unless they are satisfied that they give a true
and fair view of the state of affairs of the charitable company and ol the incoming resources and applicatio
of resources, including the income and expenditure, of the charitable company for that period.
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP 2015 IFRS 102
make judgements and estimates that are reasonable and prudenl.,
stale whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial stalements on the going concem basis unless il is inappropriate to presume that
the charilable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure that the
financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable company and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
In so far as the trustees are aware:
there is no relevant audit information of which the charitable company's auditor is unaware., and
the trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant audit information and lo establish that the auditor is aware of that information.
Approved by the Council of Management onlVI
2024 and signed on Iheir behalf by..
Mark Bitel, clerk
Friends House
173 Euston Road
London NW12BJ

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
QUAKER HOUSING TRUST
(A Company Limited By Guarantee)
Opinion
We have audited the financial statements of Quaker Housing Trust (the 'charitable company'l for the year
ended 31 Deoember 2023 which comprise the Statement of Financial Activities. the Balance Sheet and
notes lo the financial slatemenls, including a summary of significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a Irue and fair view of the stale of the char¢table company's affairs as at 31 D￿rnber 2023,
and of its incoming resources and application of resources, including its income and expenditure,
for the year then ended.,
have been propedy prepared in accordance with United Kingdom Generally Accepted Accounting
Practsce., and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for oplnion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS {UKII and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
charitable company in accordance with the ethical requirements that are relevant to our audil of the
financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethica
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going concom
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
aC￿unting in the preparation of the fi.nancial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo events
or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability
to continue as a going con￿rn for a period of at least twelve months from when the financial statements
are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in
the relevant sections of this report
Other information
The trustees are responsible for the other information. The other infomiation comprises the information
included in the trustees, annual report, other than the financial statements and our auditor's report Ihereon.
Our opinion on Ihe fi'nancial statements does not cover the other information and, except to the extenl
otherwise explicitly stated in our report, we do not express any form of assuran￿ conclusion thereon.
In connection with our audit of the financial statements, our responsibility is lo read the other information
and, in doing so, consider whether the other infom)alion is materially inconsistent wth the financial
statements or our knowledge obtained in the audit or othe￿ise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required to determine
whether there is a material misstatement in the financial statements or a material misstalement of the other
information. If, based on the work we have performed, we conclude that there is a material misslatemenl of
this other information, we are required to report that fact.
We have nothing to report in this regard.

INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF
QUAKER HOUSING TRUST
(A Company Limited By Guarantee)
Continued.
Opinions on other matters prescribgd by Ihg Companies Act 2006
In our opinion, based on the work undertaken in the ¢ourse of the audit".
the infomiation given in the trustees, report lincorporaling the directors, report) for the financial year
for which thè financial stateménts are prepared is consislenl with the financial statements., and
the directors, ￿pOrt has been prepared in ac¢ordan¢e with applicable legal requiremenls.
Mattets on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in
the course of the audit, we have not identified material misstatements in the directors. report.
We have nothing to rewrt in respect of the following matters in relation tr) which the Companies Act 2006
requires us to report to you if, in our opinion..
adequate accounting records have not been kept. or returns adequate for our audit have not been
received from branches not visited by us,. or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of directors, remuneration specified by law are not made., or
we have not received all the inft)miation and explanations we require for our audit,. or
the trLJstees wère not entitled to pfftpare the financial statements in accordance wth the small
companies, regime and lake advantage of the small companies. exemptions in preparing the
directors, report and from the requirement to prepare a strategi¢ report.
Responsibilities of trustees
As explained more fully in the trustees. responsibilits'es statement, the trustees (who are also the directors
of the charitable company for the purposes of company law} are responsible for the preparation of the
financial statements and for being satisfied that they gTve a true and fair view, and for such internal control
as the trustees determine is necessary to enable the preparation of financial statements that are free from
material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's
ability lo continue as a going cOn￿rn, disclosing, as applicable. matters related lo going concern and using
the going concern basis of accounting unless the trustees either intend lo liquidate the charitable company
or to cease operations, or have no realistic alternative bul to do so.
Audltoffs responslbllltles for the audlt of the flnanclal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and lo issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit Conducted in accordan￿ with ISAS (UK) will always detect a material misstalement when it exists.
Misstatements can arise from fraud or error and are consider& material if, individually or in the aggregate,
they could reasonably be expected to inffuence the economic decisions of users taken on the basis of
these financial statements.
Irregularities, including fraud, are InStan￿S of non-compliance with laws and regulations. We design
procedures in line with our re5ponsibililies, outlined above, to detect material misstalemenls in respect of
irwularities, including fraud. The specific procedures for this engagement and the exlenl to which these
are capable of detectlng irregularities, including fraud is detailed below..

INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF
QUAKER HOUSING TRUST
{A Cornpany Limited By Guarantee)
Continuedl....
Enquiry of management and those Gharged with governance about actual and potential litigation or
claims and the identification of non-compliance with laws and regulations.
Reviewing minutes of meetings of those charged with governance.
Reviewing financial statement disclosures and testing lo supporting documentation to assess
compliance with applicable laws and regulations.
Auditing the risk of management override of controls, including testing journal entries and other
sdjuslments for appropriateness.
Performing analytical procedures to identify any unusual or unexpected relationships that may
indicate risks of material misslaternenl due to fraud.
Professional sceplicism in course of the audit and with audit sampling in material audit areas.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities,
including those leading to a material misstatement in the financial slateTllents or non-compliance with
regulation. This risk increases the more Ihat Complian￿ with a law or regulation is removed from the
events and transactions reflected in the financial slatemenls, as we will be less likely to become aware of
InStan￿S of non-compliance. The risk is also greater regarding irregularities occurring due lo fraud rather
than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation_
A further descTiPtion of our responsibilities for the audit of the financial ststements is located on the
Financial Reporting Council's website at.. www.fr¢.org.uklaudilorsresponsibililies. This description forms
part of our auditolg reKx)rt.
Use of our report
This report 15 made solely lo the charitsble Company's members, as a body, In accotdance with Chapter 3
of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the
charitable company's membefs those mallers we are required to slate lo them in an auditor's report and
ft)r no other purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibility to
anyone other than the charitable company and the charitable company's members as a body. for our audit
work, for this ￿pOrt, or for the opinions we have formed.
K.C. Fishèr (Senior Statutory Auditor)
For and on bohalf of Myms Smith
ststulory Audttor
Norrnan House
8 Bumell Road
Sutton, Surrey
SM14BW
Date.. 17 September 2024

QUAKER HOUSING TRUST
IA Company Limited By Guarantee}
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
UNRESTRICTED FUNDS
Ge￿ra1
DeS￿nated
Fund
Funds
TOTAL
TOTAL
ReStr￿ed End(ywment
Funds
Funds
Notes
2023
2022
Incame and èndowmènts
from:
Donations and legacies
Charitable activities
Investment incom8
38
3b
43,374
5,375
5.654
43,374
5,375
5,654
62,083
3,475
2,0
Total income
54,403
54,403
67,654
Expenditure on:
Raising funds
Charitable activities
851
29,636
851
100,6
2,591
82,840
70.999
55
Total expenditure
30,487
70,999
55
101,541
85,431
Net gainsll1088esl on Investments
14641
{4641
16221
Net incorne19xpgnditur8 and
net movemènts in funds
23,916
170,9991
1519)
147.6021
118,3991
Transfer belween funds
13
Nèt movamant in funds
23,916
170,9991
1519)
147,6021
118,3991
Re¢on¢lllatlon of lund$
Total funds brought fotward
14,1S,18
£64,435
£604,373
£74,500
£21,923
£765.231
783,630
Total funds carr￿d fO￿ard
14,15,16
£88,351
£533,374
£74.500
£21,404
£717,629
£765,231
All In￿Me and expenditure derives from continuing actNities. The Statement of Financial activities include
all gains and losses recognised during the year.
The notes on pages 12 to 20 form part of these Finan¢lal Statements.
10

QUAKER HOUSING TRUST
IA Company Limited By Guarantee)
BALANCE SHEET AS AT 31 DECEMBER 2023
2023
2022
Notes
Flxed Assets
Investments
21,404
21,923
Current Assets
Debtors
Cash at bank and on deposit
10
414,700
286,685
434.374
316,496
701,385
750.870
Credltors.. Amounts falling
due within one year
12
5.160
7,562
Not current a88ets
£696,225
743,308
Net assets
17
£717,629
£765,231
Unrestrlctsd funds
General
Destgnated
14
14
88,351
533,374
64,435
604,373
621,725
668,808
Rgstricted funds
Audrey Deacon Legacy
16
74,500
74,500
Endowment funds
15
21,4(14
21,923
TOTAL FUNDS
£717,629
£765,231
Approved by the Council on
ig I q l L* 2024 and signed on ils behalf by..
Mark Bitel - Clerk
Member of Council of Management
The notes on page5 12 to 20 form part of these Financial Statements
11

QUAKER HOLISING TRUST
IA Company Llmited By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
a) Basis of preparation
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have
been prepared in accordance with Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued i
October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland {FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generalty Accepted
Practice.
The financial statements are prepared on a going concem basis under the historical cost Conventlon.
The financial statements are presented in sterling which is the functional currency of the charity-
The signiftcant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied lo all years presented unless otherwise slated.
bl Incoming recognition policies
Items of income are recognised and included in the accounts when all of the following Griteria are
Tnet..
The chartty has entitlement to the funds.,
Any performance conditions attached to the itemls) of income have been met or are fully within
the control of the charity-
There is sufficient certainty that receipt of the income is considered probable- and
The amount ¢an be measured reliably.
c) Expenditure recognition
Expendi￿re is recognised once there is a legal or constructive obligation to make a payment to
third party, it is probably that settlement will be required and the amount of the obligation can be
measured reliably. Expenditure is classified under the following activity headings..
Costs of raising funds Comprise the Costs associated with advertising and marketing lo further
the charity's purpose.
Expenditure on charitsble activities includes the costs undertaken to further the purposes of the
Charity and their asS￿lated support costs.
d} Allocation of support costs
Support costs are those functions that assist the work of the Charity but do not directly undertake
charitable activities. Support costs include back office costs, finance, personnel and governance
costs. These costs have been allo¢ated between cost of raising funds and the expenditure on
Charitable a¢livthes.
e) Investment assets
Investments are initially recognised at their transaction value and subseqLJenly MeasU￿d at their
market value al the Balance Sheet date using the closlng qLJoled market price. The Statement of
Financial Activities Includes the nel gains and losses on revaluations and disposals throughout the
year.
12

QUAKER HOUSING TRUST
(A Company Limited By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Icontd...
1. ACCOUNTING POLICIES Iconld...
Fund accounting
Unrestricted funds are available to spend on activities that further the objectives of the charity.
Designated funds are unrestricted funds set aside by the trustees tor particular purposes.
Restricted funds are those funds which can only be used in accordance with the wishes of the donor
or which have been ralsed for a particular purpose.
Endowment funds are those funds for which the charity is required to hold the capital on a permanent
basis.
g) Debtors and creditors
Debtor5 and creditors with no stated interest rale and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairments are recognised in expenditure.
Concessionary loans are recognised 81 the amount received or paid, with the carrying amount
adjusted to reflect subsequent repayments. Interest free loans are not discounted to net present
value.
h) Taxation
The charitable wrnpany is exempt from corporation tax on its charitable activities.
2. LEGAL STATUS OF THE CHARITY
The Charity is a private company {no. 9243111 limited by guarantee, has no share capital and is
registered in England and Wales. The registered office is given in the reference and administrative
details on page 1.
Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets
of the chanlable company in the event of winding up.
3. INCOME AND ENDOWMENTS
General
Fund
Designated Restricted
Funds
Fund
TOTAL
2023
TOTAL
2022
al Donations and legacles
Donation and gifts
Donated services (note 8)
22,937
20,437
22.937
20.437
39,393
22,690
£43,374
£Nil
£Nil
£43,374
£62,083
All of the £62,083 recognised in 2022 related to the unrestricted general fund.
13

QUAKER HOUSING TRUST
{A Company Limited By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Icontd...
3. INCOME AND ENDOWMENTS Icontd...
General Designated Restricted
Fund
Funds
Fund
TOTAL
2023
TOTAL
2022
bl Charitable activities
Administration
charge on loans
5,375
5,375
3,475
£5,375
£Nil
£Nil
£5,375
£3,475
All of the £3,475 recognised in 2022 related to the unrestricted general fund.
cl Investment income
Dividends
Bank interest
771
4,883
771
4,883
790
1,306
£5.654
£Nil
£Nil
£5,654
£2,096
All of the £2,096 reC[￿nised in 2022 related to the unrestricted general fund.
4. RAISING FUNDS
Activities
undertaken
directly
Grant
funding of
activities
Support
costs
TOTAL
2023
TOTAL
2022
Publicity cosls
£851
£Nil
£Nil
£851
£2,591
All of the £2,591 rec￿niSed In 2022 related to unrestricted fund.
14

QUAKER HOUSING TRUST
(A Company Limited By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Icontd...
5. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Activities
Grant
undertaken funding of
directly
activities
Support
costs
TOTAL
2023
TOTAL
2022
Capital grants
Feasibility grants
BYM support {note 8)
Legal fees
Bookkeeping
Secretarial expenses
Subscriplions I fees
Council of Management
Governance costs (Note 61
Sundry expenses
Bad debt
Recruitment
Insurance
64,999
6,000
64,999
6,000
20,437
39,047
5,100
22,690
955
2,289
1,030
407
2,752
2,250
153
6,167
20.437
1,871
816
655
1,871
816
655
2,683
2.410
187
2,683
2,410
187
299
333
299
333
Total charitsble expendlture
£1,720
£70,999
£27,971
£100.690
£82,840
Of the £100,690 12022.. £82.840) expenditure in 2023 £29,636 12022.. £38,640) was charged to
nreslricted general funds. £70,999 12022.. £29,147} to designated funds, £Nil 12022.. £15,000) to
restricted funds and £ 5512022.. £53} to endowment funds.
The above expenditure was all incurred in respect of the sole activity of the charity, which is that of
assisting the needs of badly housed, homeless and vulnerable people of Britain by way of grants (to
institutions) or loans.
Analysis of capital grants
Designated Restricted
fund
fund
Support
TOTAL
2023
TOTAL
2022
Common Ground against
Homelessness
Waltham Forest Night Shelter
Open Door (North East)
Total 2022
25,000
19,999
20,000
25.000
19,999
20.000
39.047
£64,999
£Nil
£Nil
£64,999 £39,047
Analysi5 of feaslbility grants
Designated R6slri¢ied
fund
fund
Support
costs
TOTAL
2023
TOTAL
2022
st Anne's Hostel
Berkswell Charities
5,100
6,000
6,000
£6,000
£Nil
£NII
£6,ODO
£5,100
15

QUAKER HOUSING TRUST
IA Company Limtted By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Iconld...
6. GOVERNANCE COSTS
2023
2022
Audit fees
£2,410
£2,250
7. TRUSTEES, REMUNERATION AND EXPENSES
The payment of emolurnents to members of the Council of Management is not permitted by the
Company Articles of Association.
Trustee5 are entitled to recover the costs of travel in carrying out the WOTk of the Trust and these are
considered to be part of the charitable expenditure of the Trust.
The cosls of the CounGil of Management includes Iruslees travel expenses of £963 (2022". £9501 and
the room hire and accommodation lo hold the meetings of £Nil 12022.. £Nill. The number of trustees
whose expenses were reimbursed or paKI on their behalf was 9 (2022 .' 9}-
8. DONATED SERVICES
The cost of secretarial support provided by Britain Yeady Meeting to the Quakei Housing Trust has been
paid by Britain Yearly Meeting in the year as a reflection of the Yeady Meeting's concern for housing
issues in its corporate work. The sum of £20,43712022'. £22.6901 has been included in the Statement
of Financial Activities as donated servKes and as support costs.
9. FIXED ASSET INVESTMENTS
2023
2022
Market Value brought forward
Disposal in year Iproceedsl
Nel unrealised gain I Ilossl
Net realised gain I Ilossl
21,923
1551
14631
22,598
1531
{6211
Market Value carried forward
£21,404
£21.923
Investments at market value comprised-.
UK Unil Trusts
£21,404
£21,923
Historical Cost
£10,827
£10,854
10. DEBTORS
2023
2022
Due within one year.
Loans to housing charities (Note 111
52,599
58,199
Due after one year..
Loans to housing charities (Note 111
362,101
376,175
£414,700
£434,374
16

QUAKER HOUSING TRUST
IA Company Limited By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Icontd...
11. LOANS TO HOUSING CHARITIES
Loans for housing activities in 2023 were lo the following charities..
Balance
1Jan
2023
Balan
31 Dec
2023
Advanced
In Yeai
Repaid
Inyear
Repayable
By
Ncte
Desi
nated Fund3
General Loan Fund
AEOB House People
Big Help Project
Bridgenorth Housing Trust
Calder Valley Cornmunity L8nd TNst
Canopy Housing Project
Central England AQM
Coalham House
East Cleveland Youth Hou$lng Trust
Emmaus Hastin98 & Rother
Gilead Foundations Charity
Giroscope
Handcrafted Projects
Helmsdale & District Development Trust
Hope Into Action". East of England
Jericho Foundation
L.A.T.C.H.
Mull and lona Community Trust
Nofman Almhouses Charity
SAHWR
St Hilda's Altn8hou5e5 Trust
Slop Gap Supported Housing
Strathglass and Affric Communiiy
Street Conneol
Street Gonnect 2
Whilby Area Development Trust
YMCA Glenrothes
Common Ground a9alnst Homelessn8ss
Open DOOT (North East)
Staffin Community TTUSI
8,000
25,000
8.000
3,400
7,000
11.667
27.300
10,500
8,001
3,000
10.006
26,750
11,000
52,000
10,000
32.500
8,400
15.000
8,000
10,000
21.000
20,000
12,000
13,000
3.000
7.500
1,000
25,000
7,0
2026
8,000
3,200
6,000
9,334
22,300
9.000
6.667
3,ODO
8,340
2026
2040
2029
2027
2032
2029
2033
2023
2028
200
1,000
2,333
5,000
1,500
1,334
1,666
26,750
1,000
4.000
2,000
3,250
2.10Q
2,500
1,000
2,000
1,320
10.OtK)
48,000
8,000
29,250
6,300
12.500
7,000
8,000
19.680
20,000
9,(X)O
13,000
2033
2035
2027
2032
2026
2029
2031
2027
2032
2037
2029
2031
3,000
3,000
1,500
6,000
24,829
30,000
25,000
2027
2032
2032
2040
24,829
30,QOO
25.000
Restricted Fund
Audrey Deacon Lggacy
Caldei Valley Community L8nd Trust
Glendale Gateway Trust
Powell and Welch AITnshouse Charity
17,850
42,000
2.500
1,050
3,SOQ
2,500
18,800
38,500
2040
2034
Total Loan3
£434,374
£79,829
£99,503
£414,700
Loans due to be repaKI wthin one year
Loans due to repaid after one year
58,199
376.175
52,599
362,101
11
£434,374
£414,7
17

QUAKER HOUSING TRUST
(A Company Llmlted By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Icontd...
11. LOANS TO HOUSING CHARITIES (Continued)
Notes:
1. The Triodos Bank runs the Quaker Social Housing Saver Ifomierly Quaker Social A¢¢ounl) in
partnership with QHT. Partnership loans were a form of joint loan arrangement beiween QHT and
Triodos during the early years of the account created to maximise the benefit to projects of funds
from both sources. The QHT loan is independently secured against assets held by the project and
repaid directly by the project lo QHT.
12. CREDITORS- Amounts falling due within one year
2023
2022
Loans from Friends- interest free
Acwals
2,810
2,350
2,810
4,752
£5,160
£7.562
13. TRANSFERS BETWEEN FUNDS
The Trustees have reviewed the balances in the General Fund in line wth their policy of only holding
sufficient funds for one yearfs running costs. Balances above that are transferred to Designated
Funds to make available the maximum funds for the work of the charity.
14. UNRESTRICTED FUNDS
Designated
Grant and
Loan Fund
General
Fund
Total
2023
Balance at 1 January 2023
Net incomellexpenditurel
Transfer between funds
64.435
23,916
604,373
170,9991
668,808
{47,083}
Balan￿ at 31 December 2023
£88.351
£533,374
£621,725
Comparative information for the analysis of unrestricted funds in the p￿VIouS year is as follows..
Designated
Grant and
Loan Fund
General
Fund
Total
2022
Balance at 1 January 2022
Net incomellexpenditurel
Transfer between funds
38,012
26,423
633,520
129,1471
671,532
12,7241
Balan￿ at 31 December 2022
£64,435
£604,373
£668,808
Designated fijnds are funds sel aside for rnaking grants and loans to housing charities.
18

QUAKER HOUSING TRUST
{A Company Llmtted By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Iconld...
15. ENDOWMENT FUNDS
Total
2023
Revaluation
Endowment
Balance at 1 January 2023
Disposal
Revaluation during the year
11,069
1281
{4641
10,854
127)
21,923
{55)
1464)
Balance at 31 December 2023
£10,577
£10,827
£21,404
Comparative information for the analysis of endowment funds in the previous year is as follows.
Total
2022
Revaluation
Endowment
Balan￿ al 1 January 2022
Disposal
Revaluation during the ye2r
11,719
1281
{622}
10,879
{25)
22,598
1531
1622)
Balance al 31 Decemkr 2022
11,069
10,854
21,923
The endowment fund represents those assets which must be held permanently by the charity.
The revaluation fund represents the amount by whloh investments exceed their historical cost.
16. RESTRICTED FUNDS
Total
2023
Total
2022
Balance at 1 January 2023
Expenditure
74,500
89,500
(15,000)
Balance at 31 December 2023
74,500
74,500
The Audrey Deacon Legacy Fund is restricted to organisations thal provide accommodation to
elderly people. particularly those who are physically or mentally infirm.
17. ANALYSIS OF NET ASSETS BY FUNDS
other Net
Assets
2023
Investments
Loans
Total
Unresthcted Funds..
General Fund
Designated Funds
88,351
173,974
88,351
533,374
369,400
Reslricled Funds
Audrey Deacon Legacy
55,300
19,200
74,500
Endowment Funds
21,404
21,404
At 31 December 2023
21,404
414,700
281,525
717,629
19

QUAKER HOUSING TRUST
IA Company Limited By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Icontd...
17. ANALYSIS OF NET ASSETS BY FUNDS (Continued)
Comparative infomiation for the analysis of net assets by funds in the previous year is as follows..
Other Net
Assets
2022
Investments
Loans
Total
Unrestricted Funds..
General Fund
Designated Funds
64,435
232,349
64,435
604,373
372,024
Restricted Funds
Audrey Deacon Legacy
62,350
12,150
74,500
Endowment Funds
21,923
21,923
At 31 December 2022
£21,923
£434.374
£308,934
£765,231
18. COMMITMENTS
The folkiwing loans and grants have been authorised from the combined Grants and Loans Fund by
the Council of Management but have not been paid or accrued for in the Financial Statements.
Loans
Grants
2023
2022
Arisaig Community Trust
Assist Sheffield
Common Ground Against Homelessness
Waltham Forest Night Shelter
Open Door {North Eastl
street Connect Glasgow
Deptford Ragged Trust
Assist Sheffield
YMCA Glenrothes
West of Scotland Area Meeting
East Kent Area Meeting
Pathways Housing Solutions
Ella's
15.000
4.828
15,000
29,828
20,000
4,828
25,000
25,000
20,000
10,000
25,000
15.000
10,000
25.000
10,000
9,999
6,000
25.000
6.000
25.000
25.000
25.000
10,000
19,999
6.000
25,000
6,000
25,000
10,000
£50,000
£136,827
£186,827
£104,828
20