QUAKER HOUSING TRUST
{A Company Limited By Guarantee)
(Company No.: 924311)
(Charity No.- 2547041
REPORT & FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Kingston Burrowes Audit Ltd
308 Ewell Road,
Surbiton
Surrey.
i(r6 7AL

QUAKER HOUSING TRUST
(A Company Limited By Guarantee)
(Company No.: 924311)
(Charfty No.: 254704)
REPORT & FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CONTENTS
Legal and adminislralNe detalls
Report of the Council of Management
Independent Audilorfs Report
Statemenl of Financial Activities
10
Balance Sheet
Notes to the Financial Statements
12-20

QUAKER HOUSING TRUST
(A Company Limited By Guarantee)
The trustee directors. known as Council of Management. present t*eir annual report and the audited
financial statements for the year ended 31 December 2024.
Reference and administrative details, its trustees and advisers
Charity number..
254704
Company number:
00924311
Registered office:
Friellds House. 173 Eugton Road. London NW12BJ
Clerk=
Mark Bilel
Treasurer=
David Hickok (until 22 February 2025)
Beverley Goddard (appointed 22 February 2025)
Secretary & Grants Manager.. Jennifer Allotl (until November 2023)
Grace Burgess (from March 2024)
Bankers..
CAF Bank Ltd, 25 Kings Hill Avenue, King5 Hill, Wesl Malling, Kent ME19 4JQ
Solicitors..
CMS, 78 Cannon St, London EC4N 6AF
Auditors..
Kingston Burrowes ALbdit Ltd, 308 Ewell Road, Surbilon, Surrey. KT6 7AL
DireGtors and trustees
The directors of the charitable company (the charity) are its trustees for the purKM)ses of charity law and
throughout this report are collectively referred lo as the CoLTncil of Management. The trustees who served
as member5 of the Council of Management during the year and up lo the dale of this report are as follows=
Martin Appleton {released 27104124)
Bill Bewley
Mark Bitel
Karima Brooke lappoinled 27104124)
Jennifer Brierley (appointed 22104123}
Robin Fishwick (released 27104124)
Morayo Fagborun-Bennett
Wendy Gerard (released 221041231
Beverley Goddard
Mary Hammond (released 22104123)
David Hickok {released 22102125)
Rici Marshall Cross
Hilary Patrick {appointed 221041231
Peter Ranken (released 27104124)
Peter Rice
Staff
The work of Quaker Housing Twst is serviced on a part-lime basis by a member of Britain Yearly Meeting
staff based in Quaker Peace & Social Witness, who acts as Charity Secretary & Grants Manager.

QUAKER HOUSING TRUST
(A Company Limitod By Guarantee)
REPORT OF THE COUNCIL OF MANAGEMENT
Structurg. Governance and Management
Governing Document
Quaker Housing Trust is a charitable company limited by guarantee, governed by Tt5 Memorandum and
Articles of Association dated 9 November 1967. It wa5 incorporaled on 7 December 1967 under company
number 924311. 11 is registered as a charity with the Charity Comrnission. Its members are co-temiinous
with the Council of Management, each of whom agree lo contribute £1 in the evenl of the charity winding
p. New Articles of Association were aéopted in December 2012.. these make no change lo the original
Objects bul update the Arttcles and formalise the use of the Quaker Business Method by Council of
Management.
Appolntment of Trustees
Council of Management consists of be￿een seven and twelve members of the Religiou8 Society of
Friends lQuakersl. appointed by Meeting for Sufferings of Yeady Meeting of the Religious Society of
Friends lQuakersl In Britain (Religious Society of Friends).
They are appointed for terrns of up to three years by Meeting for Sufferings, or its successor. Names are
submilled by Its Central Nominations Committee, to form Ihe Council of Management. Appointments ru
from the rise of the annual retirement meeting al which terms of membership begin and end. In 2024 this
was the Council of Management meeting on Saturday 27 April.
Trustee induction and training
The induction materia15 for Trustees include, in addition lo Ihe Memorandum and Articles of Association,
the cornmittee and decision-making processes. and recent financial performance of the charity, details of
the history and purpose, priorities. and organisation of QHT and an ou￿1ne of the responsibility for trustees
of any charity and those specrfically relating to QHT.
At least every five years one of our meetings includes a tr8ining se55ion in the basics of charity trusteeship
and elements specrfic lo this body. We also have annual inputs from guest speakers al OLJr restdential
meeting which may include leader5 from the social housing sector in general or from projects we have
funded.
Organisation
The Council of Management admir)isters the charity. All decisions about loans and grants lo applicant
projects and about policy matters are made by the full Council of Management which meets five times a
year.
The Council of Management appoints a clerk, assistant clerk and trustee 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-
l￿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 Yearfy Meeting's concern for housing issues in its corporate work.
The Councll of Management appoints an independent book-keeper as non-truslee assistant treasurer to
keep flnancial records and financial management information. and to prepare the management 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 to which the work of okrr is exposed,
in particular, those relaled to the operations and finances of the Trust, have been identified and that
systems are in place to mitigate QHT'S exposure to such risks.
We continue lo be a conduit through which Friends, money and activity Gan be turned into practical help for
social housing projects. These in turn can transform vulnerable peoples, lives by providing them with a safe
placo to live_

QUAKER HOUSING TRUST
(A Company Limited By Guarantèé)
REPORT OF THE COUNCIL OF MANAGEMENT
IGonlinued
It is part of the ethos of Quaker Housing Trust that lo achieve our objectives we disburse whatever fvnds
are currently available to us at our application meetings. Our pattern of expenditure on loans and grants
has continued to be in excess of annual income through donations, which reflects the success al putting
Quaker money actively lo work.
The activity of the Trust has always been thus, and we have in place a strategy to ensure conlinualion of
the charity.
Council of Management have a risk management strategy which comprises..
an annual review of the risks the charity may face., and
the establishment of systems and procedures to mitigate those risks idenlrfied in the plan.. and
the implemenlalion of procedures designed to minimise any potential effect upon the charity
should those risks materialise.
We are awa￿ of possible risks lo our charitable fLJnd5 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 formed in 1967 in response to Friends, concern about the provision of adequate
and appropriate housing. Our work is a practical expression of Friends, concern about Ihe needs of badly
housed, homeless and vulnerable people in Britain. Independent of the Britain Yeady fvAeeting funds,
Quaker Housing Trust is a channel whereby Friends may give money for such provision.
The Trust makes grants and interest-free loans to charitable organisalions meeting a real housing need.
We require them lo be providing good quality, appropriate accommodation at a rent which low income
occupants can genuinely afford.
The trLJStees confirm that they have referred to the guidance contained in the Charity Commission's
general guidance on Public Benefit when reviewing the Trust's aims and objectives, and in planning future
activities and setting grant and loan making policy for the future year.
Athievements and Performance
In 2022 we reviewed our grant givlng wlicy, seeking lo ensure our limited funds are targeted to projects
which ￿flect our housing concern. Followng discernment, we agreed the following paragraph Ou￿[nIng our
priorities for awaré giving.
'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 access lo quality housing. We support charities which provide homes for people who have a specrfic
housing need or are al points of transition in their lives. Examples of this need might be people seeklng
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
effictent to address the climate crisis and reduce fuel poverty- Until the end of 2024, we are particularly
interested in projects from areas geographically underrepresented in our previous grant applications
(Wales and the East of England) and minoritised communities. Our aim is to use our funding to create
homes. We look lo fund projects which meet a real housing need and where our funding makes a real
difference. This will be updated in 2025 for a further &year term.
In reviewing our grant giving policy, we also identified a need to support Qu2ker Meetings which have
surplus assets and wish to consider tuming these into social housing. We developed a new grant scheme,
the Quaker Asset Feasibility Grants which allow Area Meetings to apply for up to £6000 to support work
looking al the feasibility of transforming Quaker assets into social housing. We made the first of these
grants during 2024,.

QUAKER HOUSING TRUST
IA Company Limited By Guarantee>
REPORT OF THE COUNCIL OF MANAGEMENT
Icontinued
In 2024, we paid out grants totalling £98,379 to the following projects..
1. Arisaig Community Trust- a grant of £15,000 lo contribute towards infraslruthre, and construction
costs of six new houses for affordable rent lo local families and individuals in need.
2. Ella's- a further grant of £19,000 to purchase a safe home for women who have been trafficked.
3. Deprford Ragged Trust- a grant of £19,0￿ lo contribute towards the build of 33 flats in Lewisham
for people experiencing homelessness.
4. Vvesl of Scotland Area Meeting- a Quaker asset grant of £6,000 lo conduct a feasibility study to
explore the viability of creating affordable, rented residential accommodation, which would
priorilise those with particular housing needs, by refvrbishing the meetillg house.
5. East Kent Area Meeting for Canterbury Refugee House- a grant of £19,999 to purchase a
property lo provide housing for people with refugee status
6. Consolidated Almshouse Charlty of Swanscombe- a grant of £15,000 from the Audrey Deaco
Legacy Fund.
7. North Somersel Area Meeting- a grant of £4,380 to condLtcl a feasibility study into developing the
existing Meeting House lo provide affordable flats to fneet local hoLJsing need.
Financial Review
Reviaw of grants and loans made
All decisions about loans and grants are made by the full Council of Management which met fNe times in
2024. Applications are actively encouraged from 5uilable charities. and during the year we agreed lo offer
loans and grants lotalling £180,000. We expect the balanc8 of these loans and grants to be paid to
applicants during 2025.
Finances
The main financial transactions during the year consisted of loans and grants.
The major sources of income were gifts and donations (rf £92,062 and investment income & bank interest
£6.794.
Quaker Housing Trust's financial FX)Sition al the balance sheet date is sound. The assets of each of the
funds are more than adequate lo cover loans and grants already authorised, and further loans and grants
will be paid in the following year within Ihe level of available resources.
Investment powers and poliGy
The company has powers to invest monies not immediately required for its purposes in such investments,
securities or property as may be thought fit. We currently have only the Endowment Fund investments.
which continue lo be held in a Fidelity Fund Neiwork account in the name of Quaker Housing Trust.
Reserrfes 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 Trustees sel aside only sufficient fur)dg for one year's running
costs.
Trustees also hold in the cash reserves sufflcienl fijnds for one year's running costs.

QUAKER HOUSING TRUST
{A Company Limited By Guarantee)
REPORT OF THE COUNCIL OF MANAGEMENT
Icontinued
Plans for future periods
Quaker Housing Trust is 2 practical expression of the long-standing Quaker concern about housing need in
Britain. The concern is not just about houses.. it 1$ about people and lives. and having a safe, secure and
appropriate place to INe. 11 recognises that housing
a home - is a vttal element of an inclusive and
compassionate society.
Quaker Housing Trust was created in 1967 as Yeady Meeting in Britain's own housing charity. It is a
national channel through which Quakers (Friends) can pul money directly into projects creating homes. We
turn 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 success at putting Quaker money actively lo 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 can
mean that funds available at any meeting for rEew loans and grants are sometimes low.
We have previously worked with Triodos Bank a￿ut the use of monies held in its Quaker Social Houslng
Saver accounts, bul are no longer involved in how these funds are used to SUPF)(Kt SOCi81 housing projects.

QUAKER HOUSING TRUST
{A Company Limited By Guarantee>
REPORT OF THE COUNCIL OF MANAGEMENT
Iconlinued
Trustees. responsibilities statement
The trustees (who are also dire¢lors of Quaker Housing Trust for the purposes of company law} are
responsible for preparing the Trustees, Report and the financial statements in accordance with applicable
law and United Kingdom A¢¢ounting Stsndards {United Kingdom Generally Accepted Accounting
Practice).
Company law ￿qUireS the trustees lo prepare financial 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 of the incoffling resources and
application of resources, including the income and expenditure, of the charitable company for that period.
In preparing these financial statements, the Iruslees are required lo-
select suitable accounting policies and then apply them ¢onsi$lenlly-,
observe the methods and principles in the Charities SORP 2015 IFRS 102
make judgements and estimates thal are reasonable and prudent-
state whether applicable UK Accounting Standards have been followed. subject lo any material
departures disclosed 2nd explained in the f5nancial slalemenls,.
prepare the financial statements on the going concern basis unless it Is inapproprlate to presume that
the charitable company will continue in operation.
The Iruslees are resF)onsible for keeping adequate accounting records that disclose with reasonable
accuracy al any lime the financial position of the charitable company and enable them to ensure that the
financial statements comply with the Companies Aot 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 irrogularilies.
In so far as the trustees are aware..
there is no relevant audit information of which the charilable 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 to establish that the auditor is aware of that infomialion.
Approved by the Council of Management on l i l ?
2025 and signed on their behalf by..
Mark 8ilel, 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 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet and
oles to the financial statements, 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 Stsndard
applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial stalements-
give a true and fair view of the stale of the charitable company's affairs as al 31 December 2024,
and of its incoming resources and application of resources, including ils Income and expenditure,
for the year then ended.,
have been properly prepared in accordan￿ with United Kinglom Generally Accepled Accounting
Practice., and
have been prepared in accorijance wlth the requirements of the Companies Act 2006.
Basls for opinion
We conducted our audit in accordance with International Standards on Auditing {UK) (ISAS (UK)} 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 reqU1￿ments that are relevant lo our audit of the
financial statements in the UK, including the FRC'S Ethical Slandard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons rglating to going concérn
In auditing the financial slatemenls, we have concluded that the trustees, use of the going ¢oncem basis of
accountiThJ in the preparation of the financial statements is appropriate.
Based on the work we have perfomed. we have not identified any material uncertainties relating lo events
or conditions Ihal, individually or collectively, may cast significant doubt on the charitable company's abilily
to continue as a going concern for a period of at least twelve months from when the financial slatemenls
are authorised for issu8.
Our responsibilities and the responsibilities of Ile trustees with respect to going cOr￿M are described in
the relevant sections of this report
Other Infomiation
The trustees are responsible for the other information. The other information ¢omprises the informatiors
induded in the trustees, annual report, other than the financial $12temenls and our auditorfs report thereon.
Our opinion on the financial statements does not cover the other information and. except lo the exlenl
otherwise explicitly staled in our report, we do not express any fomi of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsiblllty is to read the other information
and, in doing so. consider whether the other infom)alion is materially inconsislenl with the finallcial
statements or our knowledge obtained in the audit or otherwise appears lo be materially misstated. If we
identify such material inconsistencies or apparent material misslatemenls, we are required lo determine
whether there is a material misslatemenl in the financial statements or a material misslatemenl of the other
information. If, based on the work we have performed. we conclude that there is a material misslatemenl of
this other infomiation, we are required lo report that fact.
We have nothing to report in this ￿gard.

INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF
QUAKER HOUSING TRUST
IA Company Limited By Guarantee)
Continued....
Opinions on other matters prescribed by the Companles Aet 2006
In our opir)ion, based on the woik undertaken in the course of the audit..
the information given in the Iruslees, report (incorporating the directors, report) for the financial
year for which the financial slatemenls are prepared is consistent with the financial slalements.,
and
the directors. report has been prepared in accordan￿ with applicable legal Tequirements.
Matters on which we are requlred to report by exception
In the light of our knowledge and understanding of the charitable company and ils environment obtained in
the course of the audit, we have not identified material misslatemenls in the directors, report.
We have nothing lo report in respect of the following matters in relation to which the Companies Act 2006
requires us lo 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 agreemellt with the accounting records and returns- or
certain disclosures of directors. remuneratiortr specrfied by law are not made- or
we have not received all the information and explanations we require for our audit,. or
the Iruslees were not enlilled to prepare the financial statements in aGcor(tance with the small
companies, regime and lake advantage of the small companies, exemptions in preparing the
directors. report and from the requirement lo prepare a strategic report.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement, the Iruslees (who are also the directors
of the charitsble company for the purpose5 of company lawl are responsible for the preparation of the
financial statements and for being satisfied thal they give a true and fair view, and for such internal control
as the IrL¢Stees determine is necessary lo enable the preparation of financial statements that are free from
material misstalemenl. whether due to fraud or error.
In preparing the financial statements, the Iruslees are responsible for assessing the charitable company's
ability to continue as a going concern, disclosing, as applicable, matter5 related to going concern and usir7g
the going concern basis of accounting unless the trustees either intend to liquidate the charitable company
or to cease operations, or have no realistic altemative bul to do so.
Auditor's responsibilities for the audlt of the financial statements
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are
free from material misslatemenl, 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, bul is not a guarantee that an
audit conéu¢ted in accordance with ISAS {UKI will always detect a material misstatement when il exists.
Misstalemenls can arise from fraud or error and are considered material rf, individually or in the aggregate,
they could reasonably be expected lo influence the economic decisions of users taken on the basis of
these financial stalemenls.
Irregularities, including fraud, are instances of non-compliance wtth laws and regulations. We desig
procedure5 in line with our responsibilities. outlined above, to detect material misststements in respect of
irregularities, including fraud. The specific procedures for this engagement and the exlerrt to which these
a￿ ¢apable of detecting irregularities, including fraud is detailed below..

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
QUAKER HOUSING TRUST
IA Company Limited By Guarantee)
Continuedl....
Enquiry of managèment and I￿￿e charged with governance about actual and potential litigatlon or
claims and the identrfication of non-compliance with laws and wgulalions.
Reviewing minLJles 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 overriée of controls, induding lesling journal entries and other
adjustments for appropriateness.
Performing analytical procedures lo identrfy any unusual or unexpected relationships that may
indicate risks of material misstatement due lo fraud.
Professional sceplicism in course of the audit and with audit gampling in material audit areas.
Bocause of the inherent limitations of an audit, the￿ is a risk that we wll not éelect all irregularities,
including those leading lo a material misslalement in the financial statements or non-compliance with
regulation. This risk increases the more that compliance with a law or regulation is removed from the
events and transactions reflected in the financÈal slatemenls. as we will be less likely lo beeome aware of
instances of non-compliance. The risk is also greater regarding irregLJlarilies occurring due to fraud rather
than error, as fraud involves intentional concealment. forgery, collusion, omission or misrepresentation.
A further description of our restx)nsibililies for the audit of the financial statements is located on the
Financial Reporting Council's Website at.. NVWW.frc.org.uklauditorsresponsibilities. This description forms
part of our auditor's report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3
of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the
charitable company s members Ih05e matters we are required lo slate to them In an auditor's report and
for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo
anyone other than the charitable company and the charitable company's members as a body, for our audit
work. for this report. or for the opirFions we have formed.
//fj/,l_
K.C. Fisher (Senior Statulory Auditor)
For and on behalf of Kingston Burrowes Audit Ltd
statutory Auditor
Date: é hwJLAstr 2025
308 Ewell Road
Surbiton
Surr8y
KT6 7AL

QUAKER HOUSING TRUST
(A Company Limlted By Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
UNRESTRICTED FIJNDS
General
Deslgnat8d
Fund
Fu￿$
TOTAL
TOTAL
R8Stricted Endowment
Funds
Funds
Notes
2024
2023
Income and endowments
from:
Donations and legac￿S
Charitable activities
Investment incom8
3a
3b
92,062
2.750
6.794
92,062
2.750
6.794
43.374
5,375
5,654
Total Income
101.606
101,606
54,403
Expgndlture on:
Raising funds
Charitablé activitiès
1,698
30.754
1.698
129,213
851
100.690
83,379
15,000
80
Total expenditur•
32.452
83,379
15,000
80
130.911
101.541
Not galns/llo￿SI on Investments
641
14641
Net incomelexpendlture and
t movements in funds
69.154
{83,379} 115,0001
561
128,6641
147.fj021
Transfer btheen funds
13
Net movem•nt in fvnd$
69.154
{83.379) {15,0001
561
128.6641
147.6021
Reconclllatlon of fund5
Total fvnds brought forward
14,15,16
88,351
533,374
74,5LXJ
21,404
717.629
£765,231
Totsl funds carried foNftrd
14,15,16 £157,505
£449,995
£59,500
£21,965
£688.965
£717,629
Al income and expendilure derives from continuing activities. 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 Financial Stalemenls.
10

QUAKER HOUSING TRUST
(A Company Limited By Guarantee)
BALANCE SHEET AS AT 31 DECEMBER 2024
2024
2023
Notes
Fixgd Assets
Investments
21,965
21,404
Current Assets
Debtors
Cash at bank and on deposit
10
365,600
307,334
414,700
286,685
672,934
701,385
Credltors.. Amounts falling
due within one year
12
5,934
5,160
Net ¢urrent assets
667,000
696,225
N6t assets
17
£688,965
£717,629
Unrostrlcted funds
General
Des¢gnated
14
14
157,505
449.995
88,351
533,374
607.500
621,725
Restricted funds
Audrey Deacon Legacy
16
59,500
74,500
Endowment funds
15
21,965
21,404
TOTAL FUNDS
£688,965
£717,629
Approved by the Council on
ILII
2025 and signed on ils behalf by:
Mark Bitel - Clerk
Member of Council of Management
The note5 on pages 12 to 20 form part of these Financial Statements

QUAKER HOUSING TRUST
(A Company Limited By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
al Basis of preparation
The charity conslilutes a public benefit entity as defined by FRS 102. The financial statements have
been prepared in accordan￿ with Accounting and Reporting by Charities-. Statement of
Recommended Practice applicable lo charities preparing their accoursls in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) issued in
October 2019, the Financial Reporting Stsndard applicable in the United Kingdom and Republic of
Ireland IFRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted
Practice.
The financial statements are prepared on a going concern basis under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the charity.
The signrficant accounting policies applied in the preparation of these financial statements are set
out bel¢)w. These policies have been consislentiy applied to all years presented unless oth￿$Se
staled.
b} Incoming recognition policies
Items of income are recognised and included in the accounts when all of the followiw criteria are
met:
The charity has entitlement to the funds-,
Any performance conditions attached lo the ilem{s) of income have been met or are fully within
the control of the charity.
There is sufficient certainly that re¢eipt of the income is consldered probable.. and
The amount can be measured reliably.
c) Expenditure recognition
Expenditure is ￿cOgnised once there Is a legal or constructive obligation to make a payment to a
third party, it is probably that settlement will be required and the amount of the obligation Gan be
measured reliably. Expenditure is classffjied under the following activity headings..
Costs of raising funds comprise the ￿$ts agsocialed with advertising and marketing to further
the charity'5 purpose.
Expenditure on charitable activities includes the costs undertaken lo further the purF*)ses of the
Charity and their associated support costs.
d) Allocation of supwrt costs
Support costs are Ihose functions that assist the work of the Charity but do not directly undertake
charitable activities. Support costs include back Offi￿ costs, finance, personnel 8nd governance
costs. These costs have been allocated between cost of raising funds and the expenditLJre on
charitable a¢livities.
e) Investment assets
Investments are initially recognised at their transaction value and subsequently measured at their
market value al the Balance Sheet dale using the closing quoted market price. The Slalement of
Financial Activities includes the net 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 2024
Icontd...
1. ACCOUNTING POLICIES Iconld...
Fund accounting
Unrestricted funds are available to spend on activities th21 further the objectives of the charity-
Design21ed funds are unreslricled funds set astde by the tnJStees for particular purposes.
Restricted funds are those funds which can only be used in accordance with the wishes of the donor
or which have been raised for a particular purpose.
Endowment funds are those funds for which the charity is required lo hold the capital on
permanent b8SIS.
g} Debtors and creditors
Debtors and ¢￿dItorS with no staled interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impaimienls are recognised in axpendilure.
ConGessionary loans are recognised at the amount received or paid, with the carying amount
adjusted lo refiect subsequenl repayments. Interest free loans are not discounted to nel present
value.
h) Taxation
The charitable company is exempl from corporation tax on its charitable adivities.
2. LEGAL STATUS OF THE CHARITY
The Charity is a private company {no. 924311) limited by guarantee, has no share capital and is
regisleree in England and Wales. The registered office is given in the reference and administrative
details on page 1.
Members of the charilable company guarantee lo contribute an amount not exceeding £1 to the assets
of the charitable company in the event of winding up.
3. INCOME AND ENDOWMENTS
General
Fund
Designated Restricted
Funds
Fund
TOTAL
2024
TOTAL
2023
a) Donations and legacles
Donation and gifts
Donated Se￿1￿ {note 81
Legacies
66,879
23,183
2,000
66,879
23,183
2,000
22,937
20,437
£92,062
£Nil
£Nil
£92,062
£43,374
All of the £43,374 ￿COgniSed in 2023 rdaled 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 2024
Iconld...
3. INCOME AND ENDOWMENTS Iconld...
General
Fund
Designated Reslricled
Funds
Fund
TOTAL
2024
TOTAL
2023
b) Charitable activitles
Administration
charge on loans
2,750
2,750
5,375
£2,750
£Nil
£Nil
£2,750
£5,375
All of the £5,375 recognised in 2023 related to the unrestricted general fund.
c) Investment income
Dividends
Bank inler8sI
927
5,867
927
5,867
771
4.883
£6,794
£Nil
£Nil
£6,794
£5,654
All of the £5.654 recognrsed in 2023 related to the unrestricted general fund.
4. RAISING FUNDS
Activilies
undertaken
directly
Grant
funding of
activities
Support
costs
TOTAL
2024
TOTAL
2023
Publicity costs
£1,698
£Nil
£Nil
£1,698
£851
All of the £851 recognised in 2023 related lo unrestricted fund.
14

QUAKER HOUSING TRUST
(A Company Limited By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Iconld...
ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Activities
Grant
undertaken funding of
directly
activities
Suppc
costs
TOTAL
2024
TOTAL
2023
Capitsl grants
Feasibility grants
Quaker grants
BYM support {note 8}
Legal fees
Bookkeepi
Secretarial expenses
Subscriptions I fees
Council of Management
Governance costs (Note 61
Sundry expenses
Bad debt
Recruitrnenl
Insuran
87,999
87,999
64.999
6,000
10,380
10,380
23.183
23,183
20,437
1,908
1,908
1.871
816
655
2,683
2,410
187
1,370
1,370
1,404
2,508
140
1,404
2,508
140
299
333
321
321
Total Gharitable expenditurè
£1,404
£98,379
£29,430
£129,213 £100.690
Of the £129,213 {2023.. £100,690) axpendilure in 2024, £30,754 {2023: £29,636) was charged to
unrestricted general funds, £83,379 12023.. £70,999} lo designated funds, £15,0(M) (2023.. £ Nil) to
restricted funds and £80 {2023.' £551 lo endowment funds.
The above expenditLJre was all incurred irn respect of the sole activity of the charity, which is that of
assisling the needs of badly housed, homeless and vulnerable people of Britain by way of grants (to
inslilutions} or loans.
Analysis of Gapital grants
Designated Restricted
fund
fund
Support
costs
TOTAL
2024
TOTAL
2023
Airsaig ComTnunity Trust
Ellas Home
East Kent Area Quaker Meeting
Consolidated Alrnhouse Charity
The Deprford Ragged Trust
Total 2023
15,000
19.000
19.999
15,000
19.000
19,999
15,000
19.000
15,000
19.000
64,999
£72,999
£15.000
£Nil
£87,999 £64.999
Analysis of Quaker grants
Designated Restricted
fund
fund
Support
costs
TOTAL
2024
TOTAL
2023
West Scouand Area Meeting
North Somerset Area Meeting
6,000
4,380
6,000
4,380
£10,380
£Nil
£Nil
£10,380
£Nil
15

QUAKER HOUSING TRUST
{A Company Limitad By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Iconld...
6. GOVERNANCE COSTS
2024
2023
Audit fees
£2,508
£2,410
7. TRUSTEES, REMUNERATION AND EXPENSES
The payment of emoluments lo members of the Council of Management is not permltted by the
Company Articles of Association.
Trustees are enlilled lo recover the costs of travel in carrying out the work of the Tnjsl and thege are
considered lo be part of the charitable expenditure of the Trust.
The costs of the Council of Management includes trustees travel expenses of £1,27912023'. £9631 and
the room hire and accommodation lo hold the meetings of £12512023.. £Nil}. The number of trustees
whose expenses were reimbursed or paid on their behalf was 912023 .' 9)-
8. DONATED SERVICES
The cost of secretarial support provided by Britain Yearly Meeting lo the Quaker Housing Trust has
been paid by Britain Yearfy Meeting in the year as a reflection of the Yearly Meeting's COr￿ern for
housing iSSLJes in ils corporate work. The suwn of £23,183 12023". £20,437) has been included in the
Slalement of Financial Activities as donated services and as support costs.
9. FIXED ASSET INVESTMENTS
2024
2023
Market Value brought fO￿ard
Disposa1 in year Iproceeés}
Nel unrealised gain l {loss)
Nel realised gain l (loss)
21.404
180}
636
21,923
(551
{4631
Market Value carried forward
£21,965
£21,404
Investments al market value compri5ed'.
UK Unil Trusts
£21.965
£21,404
Historical Cost
£10.786
£10,827
10. DEBTORS
2024
2023
Due within one year..
Loans lo housing charities (Note 11 }
60,878
52,599
Due after one year=
Loarns lo housing charities INote 11)
304,722
362,101
£365,600
£414.700
16

QUAKER HOUSING TRUST
{A Company Llmited By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Iconld...
11. LOANS TO HOUSING CHARITIES
Loans for housing activities in 2024 were to the following charities=
Balancè
1Jan
2024
Balan¢e
31 Dec
2024
Advanced
In Year
Repaid
In Year
Repayable
By
Note
Desi
natèd Funds
General Loan Fund
AEOB House People
Bridgenorth Housing Trust
Calder Valley Community Land Trust
Canopy Housing ProSe¢t
Central England AQM
Coatham House
East Cleveland Youth Housiro Tnjst
Ernrnaus Hastings & Rolhar
Gilead Foundations Charity
Giroscope
Helmsdale & DistrKt Development Trust
Hope Intr) Action.. East of England
Jericho Foundation
L.A.T.C.H.
Mull and lona Corntnunity Trust
Norman ￿mhOUse8 Charity
SAHWR
St Hilda's Arnshouses Trust
Stop Gap Supported Housing
stralhglass and Affric Communlty
street Connéct
Street Connect 2
YMCA Glenrothes
Common Ground against Homelessness
Open Door (North East)
staffin Community Trust
7,000
8,000
3.200
6,000
9,334
22,300
9,000
6,667
3,000
8,340
10,000
48,000
8,000
29.250
6,300
12,500
7.000
8.000
19,680
20,000
9,000
13,000
6,000
24,829
30,000
25.OCKJ
7,000
6,000
3,000
5,000
7,000
16,050
7,500
6,667
2026
2026
2040
2029
2027
2028
2029
2033
2,000
200
1,000
2,￿4
6.250
1.500
3,000
1,666
1,000
4,000
2,000
3,25
2,100
2,500
1,000
2,OOf)
6,674
9,000
44,000
6,000
26,000
4,200
10,000
6,000
6,000
19.680
20,000
7,000
12,000
4,500
24,829
27,OOD
23.750
2028
2033
2035
2027
2032
2026
2029
2D31
2027
2032
2037
2029
2031
2027
2032
2032
2.000
1.000
1.500
3.000
1,250
stricted Fund
Audrey Deacon Legacy
Calder Valley Community Land Trust
Glandale Gateway Trust
16.800
38,5LKJ
1,050
3,500
15,750
35,000
2040
2034
Total Loans
£414,700
£NII
£49,100
£365,600
Loans due to be repald ¥￿thIn one year
Loans due to repaid afterone year
52,599
362,1f11
60.878
304,722
£414,700
£365,600
17

QUAKER HOUSING TRUST
IA Company Limited By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Iconld...
12. CREDITORS - Amounts falling due within one year
2024
2023
Loans from Friends- interest freg
Accruals
2,810
3,124
2,810
2,350
£5,934
£5,160
13. TrANSFERS BETWEEN FUNDS
The Trustees have reviewed the balances in the General Fund in line with their policy of only holding
sufficient fund5 for one year's running costs. Balances above that are transferred to Designated
Funds lo make available the maximum funds for the work of the charity.
14. UNRESTRICTED FUNDS
Designated
Grant and
Loan Fund
General
Fund
Total
2024
Balance at 1 January 2024
Net incomellexpendilurel
Transfer between funds
88,351
69,154
533.374
183.3791
621.725
114.225}
Balance at 31 December 2024
£157,505
£449,995
£607,500
Comparative information for the analysi5 of unrestricted funds in the prevlous year is as follows..
Designated
Grant and
Loan Fund
General
Fund
Total
2023
Balance at 1 January 2023
Nel incomellexpendilurel
Transfer between funds
64,435
23,916
604.373
170.999)
668.808
147.083)
Balance al 31 December 2023
£88,351
£533.374
£621.725
Designated funds are funds sel aside for making grants and loans to housing charities.
18

QUAKER HOUSING TRUST
(A Company Limited By Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Iconld..
15. ENDOWMENT FUNDS
Total
2024
Revaluation
Endowment
Ba￿ar￿ al 1 January 2024
Disposal
Revaluation during the year
10,577
(401
641
10,827
140)
21.404
180)
Balance al 31 December 2024
£11,178
£10,787
£21,965
Comparative information for the analysis of endowment funds In the previous year is as follows..
Total
2023
Revaluation
Endowinenl
Balance at 1 January 2023
Disposal
Revaluation during the year
11.069
128)
{464)
10,854
1271
21,923
{55)
(464}
BalanGe at 31 December 2023
£10,577
£10,827
£21,404
The endowment fund represents those assets which must be held permanently by the charity.
The revaluation fund represents the amount by which investments exceed their historical cost.
16. RESTRICTED FUNOS
Total
2024
Total
2023
Balance al 1 January 2024
Expenditu
74,500
115.0001
74,500
Balan¢e at 31 December 2024
£59.500
74,500
The Audrey Deacors Legacy Fund is restricted to organisations that provide accommodation lo
elderly people, partiCLtlarly those who are physically or mentally infirm.
17. ANALYSIS OF NET ASSETS BY FUNDS
Other Net
Assets
2024
Investments
Loans
Total
Unrestri¢ted Funds..
General Fund
Designated Funds
157,505
143,895
157,505
449,g95
306,100
ReslriGted Funds
Audrey Deacon Legacy
59,500
59,500
Endowment Funds
21,965
21,965
At 31 December 2024
£21,965
£365,600
£301,400
£688,965
19

QUAKER HOUSING TRUST
(A Company Limited By Guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Iconld...
17. ANALYSIS OF NET ASSETS BY FUNDS (Continued)
Comparative information for Ihe analysis of net assets by funds in the previous year is as follows..
Other Nel
Assets
2023
Investments
Loalls
Total
Unrestricted Funds:
General Fund
Designaled Funds
88.351
173,974
88,351
533,374
359.400
Restricted Funds
Audrey Deacor) Legacy
55,300
19,2Th)
74.500
Endowment Funds
21,404
21,404
At 31 December 2023
21,404
414,700
281,525
717,629
18. COMMITMENTS
The following loan5 and grants have been aulhorised from the combirsed Grants and Loans Fund by
the Council of Management but have not been paid or accrued for in the Financial Statements.
Loans
Grdnts
2024
2023
Arisaig Community Trust
Assist Sheffield
Chooselrfe Cymru
East Cleveland Housing
Bonny Downs Baptist Church
Street Connect Glasgow
Deptford Ragged Trust
Assist Sheffield
YMCA Glenrolhes
West of Scotland Area Meeting
East Kent Area Meeting
Pathways Housing Solutions
Ella's
Raasay Development TrLlSt
North Somersel Area Meeting
Cirence5ter Housing for Young People
Emmaus Coventy ar)d Warwickshire
Rooted in Honey
Zinlhiya Trust
15,000
29,828
10,000
25,000
25.000
10,000
15,000
10,000
40,000
40,000
17,000
30.000
15,000
15,000
7,000
15,000
25,000
25,000
10,000
19,999
6,000
25,000
6.000
25.000
10.000
10,000
6.000
6.000
10,000
8,000
1,620
6,000
6,000
6.000
6,000
18.000
1.620
6.000
6,000
6,000
6,000
£95,000
£101,620
£196,620
£186,827
20