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2023-03-31-accounts

QUAKER SERVICE (A COMPANY LIMITED BY GUARANTEE) DIRECTORS’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING CONSOLIDATED INCOME & EXPENDITURE ACCOUNT)

2023 2022
Unrestricted Restricted
funds funds Total funds Total funds
Note
£		 £ £ £
Income and endowments
Donations and legacies 5
95,493		 - 95,493 77,532
Charitable activities 6
128,398		 143,393 271,791 464,729
Investment income 7
3,783		 - 3,783 1,621
Other trading activities 8
60,592		 - 60,592 57,194
Total income 288,266 143,393 431,659 601,076
Expenditure
Expenditure on raising funds:
Costs of other trading activities 9
51,551		 - 51,551 48,114
Expenditure on charitable activities 10
298,943		 175,561 474,504 529,825
Total expenditure 350,494 175,561 526,055 577,939
Net (loss)/gain on investments 12
(15,319)		 - (15,319) 4,140
Net income/(expenditure) and net (77,547) (32,168) (109,715) 27,277
movement in funds
Transfers between funds 7,274 (7,274) - -
Net movement in funds (70,273) (39,442) (109,715) 27,277
Reconciliation of funds
Total funds brought forward 950,181 43,549 993,730 966,453
Total funds carried forward 879,908 4,107 884,015 993,730

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 16 to 30 form part of these accounts

13

QUAKER SERVICE (A COMPANY LIMITED BY GUARANTEE) DIRECTORS’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

Fixed assets
Tangible fixed assets
Investments
Total fixed assets
Current assets
Debtors
Cash at bank and in hand
Total current assets
Creditors: amounts falling due
within one year
Net current assets
Total assets less current liabilities
Creditors: amounts falling due
after more than one year
Net assets
Funds of the charity
Restricted funds
Unrestricted funds		 Note
Group
2023
£
Group
2022
£
Charity
2023
£
16
443,325
471,164
437,798
18
173,735
178,662
173,735		 Charity
2022
£
465,200
178,662
617,060
649,826
611,533
19
32,013
74,747
95,495
251,262
292,633
192,107		 643,862
190,684
180,949
283,275
367,380
287,602
20
(16,320)
(19,886)
(15,120)		 371,633
(18,175)
266,955
347,494
272,482		 353,458

884,015
997,320
884,015
21
-
(3,590)
-		 997,320
(3,590)
884,015
993,730
884,015		 993,730
4,107
43,549
4,107
879,908
950,181
879,908		 43,549
950,181
25
884,015
993,730
884,015		 993,730

These financial statements were approved by the board of trustees and authorised for issue on 19[th] September 2023 and are signed on behalf of the board by:

The accounts were approved by the directors on .

………………………………………… Elizabeth G Dickson Chair

Registered in Northern Ireland No: NI063929

The notes on pages 16 to 30 form part of these accounts

14

QUAKER SERVICE (A COMPANY LIMITED BY GUARANTEE) DIRECTORS’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

CONSOLIDATED STATEMENT OF CASH FLOWS

Cash flows from operating activities
Net income/(expenditure)
O
Adjustments for:
Depreciation of tangible fixed assets
Other interest receivable and similar income
Interest payable and similar changes
(Gains)/loss on disposal of programme related investments
Accrued Income
Changes in:
Stocks
Trade and other debtors
Trade and other creditors
Cash generated from operations
Interest paid
Interest received
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible assets
Purchases of other investments
Proceeds from sale of other investments
Movement in capital account
Net cash from investing activities
Cash flows from financing activities
Payments of finance lease liabilities
Net cash used in financing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2023
2022
£
£
(109,715)
27,277
29,901
29,548
(3,783)
(1,621)
-
(4,849)
15,319
(4,961)
(827)
-
403
42,734
(57,792)
3,585
11,211
(21,959)
8,087
-
(4,849)
3,783
1,621
3,783
4,859
(2,062)
(25,019)
(34,819)
(36,537)
25,079
39,911
(652)
-
(12,454)
(21,645)
(10,741)
(10,741)
(10,741)
(10,741)
(41,371)
(27,527)
292,633
320,160
251,262
292,633

15

QUAKER SERVICE (A COMPANY LIMITED BY GUARANTEE) DIRECTORS’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

NOTES TO THE ACCOUNTS `

1. General information

The charity is a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 541 Lisburn Road, Belfast, BT9 7GQ, Co Antrim.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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 (FRS 102) (Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the statement of financial activities.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the directors for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

16

QUAKER SERVICE (A COMPANY LIMITED BY GUARANTEE) DIRECTORS’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

NOTES TO THE ACCOUNTS (CONTINUED)

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

17

QUAKER SERVICE (A COMPANY LIMITED BY GUARANTEE) DIRECTORS’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

NOTES TO THE ACCOUNTS (CONTINUED)

3. Accounting policies (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property - 2% straight line Fixture and fittings - 20% straight line Motor vehicles - 20% straight line Equipment - 20% straight line

Investments

Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.

Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. •

Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.

Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

18

QUAKER SERVICE (A COMPANY LIMITED BY GUARANTEE) DIRECTORS’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

NOTES TO THE ACCOUNTS (CONTINUED)

3. Accounting policies (continued)

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

19

QUAKER SERVICE (A COMPANY LIMITED BY GUARANTEE) DIRECTORS’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

NOTES TO THE ACCOUNTS (CONTINUED)

3. Accounting policies (continued)

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Limited by guarantee

Quaker Service is a company limited by guarantee and accordingly does not have share capital.

Every member of the company undertakes to contribute an amount not exceeding £1 each to the assets of the charitable company in the event of its being wound up.

5. Donations and Legacies

Donations
HMRC Gift Aid Reclaim
Legacies
Legacy Income
Donations
Donations
HMRC Gift Aid Reclaim
Legacies
Legacy Income		 Unrestricted
Funds
£
Restricted
Funds
£
Total Funds
2023
£
79,109
-79,109
6,135
-
6,135
10,249
-
10,249
95,493
-
95,493
Unrestricted
Restricted
Total Funds
Funds
Funds
2022
.£
62,494
-
62,494
6,256
-
6,256
8,782
-
8,782
77,532
-
77,532

The covenant for the year from Quaker Care Ltd was £9,043.

20

QUAKER SERVICE (A COMPANY LIMITED BY GUARANTEE) DIRECTORS’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

NOTES TO THE ACCOUNTS (CONTINUED)

6. Charitable activities

Unrestricted Restricted Total Funds
Funds Funds 2023
£ £
CB & HH Taylor Trust 14,000 - 14,000
Sir James Reckitt Charity 35,500 - 35,500
Oliver Moreland Trust 4,000 - 4,000
R&S Bankcroft Clark Charity Trust 2,000 - 2,000
TW Greeves Charitable Trust 600 - 600
AE Harvey Charitable Trust 10,000 - 10,000
BBC Children in Need - 26,225 26,225
Northern Ireland Prison Service - 14,858 14,858
Belfast H&SC Trust - 40,901 40,901
Department of Foreign Affairs, Trade & Investment - 16,682 16,682
Joseph Rowntree Charitable Trust 55,271 - 55,271
Department of Education Early Years Pathway Fund - 20,640 20,640
Rodmell Trust 64 - 64
WF Southall Trust 3,000 - 3,000
The Tregelles Trust 50 - 50
UK Online Giving Foundation 750 - 750
Other 3,163 - 3,163
LFT Charitable Trust - 10,000 10,000
The Ireland Fund - 4,000 4,000
Probation Board - 10,087 10,087
128,398 143,393 271,791

21

QUAKER SERVICE (A COMPANY LIMITED BY GUARANTEE) DIRECTORS’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

NOTES TO THE ACCOUNTS (CONTINUED)

6. Charitable activities (continued)

Unrestricted Restricted Funds Total Funds
Funds 2022
£ £
Jessie Cairns Trust
 - 6,000 6,000
CB & HH Taylor Trust 14,000 - 14,000
Sir James Reckitt Charity 15,000 - 15,000
Oliver Moreland Trust 4,000 - 4,000
R&S Bankcroft Clark Charity Trust 3,000 - 3,000
H&A Clark Charitable Trust 7,000 - 7,000
TW Greeves Charitable Trust 600 - 600
AE Harvey Charitable Trust 10,000 - 10,000
Stephen Clark Charitable Trust 1,000 - 1,000
BBC Children in Need
 - 36,414 36,414
R&K Stanley Chapman Trust - 10,000 10,000
Irish Quaker Faith in Action
 - 3,500 3,500
Northern Ireland Prison Service
 - 19,973 19,973
Belfast H&SC Trust - 127,775 127,775
Department of Foreign Affairs, Trade & Investment
 - 12,537 12,532
Joseph Rowntree Charitable Trust
 - 44,211 44,211
Department of Education Early Years Pathway Fund 13,671 29,178 42,849
The Executive Fund
 - 43,527 43,527
Ulster Garden Villages 10,000 - 10,000
Rodmell Trust 64 - 64
Belfast City Council - 6,924 6,924
Public Health Agency
 (123) - (123)
The Tregeltes Trust 50 - 50
Benevity Charitable Giving 135 - 135
UK Online Giving Foundation 966 - 966
Community Foundation NI
 - 18,465 18,465
Family Group Conference
 - 23,362 23,362
Youth Action
 - 1,500 1,500
Groundwork/Tesco
 500 - 500
Education Authority
 - 1,500 1,500
79,863 384,866 464,729

22

QUAKER SERVICE (A COMPANY LIMITED BY GUARANTEE) DIRECTORS’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

NOTES TO THE ACCOUNTS (CONTINUED)

7. Investment income

Interest Receivable
Income from Equity Fund		 Unrestricted Total Funds
Funds
2023
Unrestricted
Funds
Total Funds
2022
£
£
£
£
-
-
107
107
3,783
3,783
1,514
1,514
3,783
3,783
1,621
1,621

8. Other trading activities

Income from trading subsidiaries
Comparative
Other Income
Income from trading subsidiaries		 Unrestricted
Restricted
Total Funds
Funds
Funds
2023
£
£
£
60,592
-
60,592
60,592
-
60,592
Unrestricted
Restricted
Total Funds
Funds
Funds
2022
£
£
£
98
-
98
57,096
-
57,096
57,194
-
57,194

9. Costs of other trading activities

Costs of other
trading activities		 Activities
undertaken
Support
Total Funds
Total Fund
directly
Costs
2023
2022
£
£
£
£
51,551
-
51,551
48,114
51,551
-
51,551
48,114

23

QUAKER SERVICE (A COMPANY LIMITED BY GUARANTEE) DIRECTORS’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

NOTES TO THE ACCOUNTS (CONTINUED)

10. Expenditure on charitable activities by activity type

Quaker Connections
Quaker Cottage
Youth Programmes
Administration &
Governance		 Activities
undertaken
Support
directly
Costs
£
£
33,758
-
258,611
-
72,718
-
-
109,417		 Total Funds
Total Fund
2023
2022
£
£
33,758
44,162
258,611
251,750
72,718
98,465
109,417
135,448
365,087
109,417		 474,504
529,825

11. Analysis of support costs

Staff costs
Premises
General office
Governance costs		 Analysis of
Total Funds
Total Fund
Support Costs
2023
2022
£
£
£
96,497
96,497
121,512
-
-
4,101
7,855
7,855
47,343
5,065
5,065
2,630
109,417
109,417
175,586

12. Net gains on investments

Gains/(Losses) on
listed investments		 Unrestricted
Funds
Total Funds
2023
£
(15,319)
(15,319)
Unrestricted
Funds
Total Funds
2022
£
£
4,140
4,140

13. Net income/(expenditure)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation of tangible fixed assets
Fees payable for the audit of the
financial statements		 2023
2022
£
£
29,901
29,548
4,320
4,676

24

QUAKER SERVICE (A COMPANY LIMITED BY GUARANTEE) DIRECTORS’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

NOTES TO THE ACCOUNTS (CONTINUED)

14. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

Wages and salaries
Social security costs
Employer contributions to pension plans
Redundancy payments made		 2023
£
2022
£
290,118
385,210
22,221
32,139
10,859
15,715
71,096
-
394,294
433,064

The average head count of employees during the year was 9 (2022: 15)

No employee received employee benefits of more than £60,000 during the year (2022: Nil).

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £117,026 (2022: £144,732).

15. Trustee remuneration and expenses

The directors neither received nor waived any emoluments or expenses during the year.

16. Tangible fixed assets - group

Cost
At 1 April 2022
Additions
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Carrying amount
At 31 March 2023
At 31 March 2022		 Freehold
property
£
Fixtures &
fittings
£
Motor
vehicles
£
Equipment
£
Total
£
509,644
19,437
65,898
18,443
613,422
-
700
-
1,362
2,062
509,644
20,137
65,898
19,805
615,484
•
••••
90,735
6,798
37,839
6,886
142,258
10,192
4,909
12,030
2,770
29,901
100,927
11,707
49,869
9,656
172,159
408,717
8,430
16,029
10,149
443,325
418,909
12,639
28,059
11,557
471,164

25

QUAKER SERVICE (A COMPANY LIMITED BY GUARANTEE) DIRECTORS’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

NOTES TO THE ACCOUNTS (CONTINUED)

17. Tangible fixed assets - company

Freehold Fixtures &
Motor		 Equipment Total
property fittings vehicles
£ £ £ £ £
Cost
At 1 April 2022 505,200 16,140 65,898 18,443 605,681
Additions - 700 - 1,362 2,062
At 31 March 2023 505,200 16,840 65,898 19,805 607,743
•
Depreciation
At 1 April 2022 89,936 5,820 37,839 6,886 140,481
Charge for the year 10,104 4,560 12,030 2,770 29,464
At 31 March 2023 100,040 10,380 49,869 9,656 169,945
Carrying amount
At 31 March 2023 405,166 6,460 16,030 10,149 437,798
At 31 March 2022 415,264 10,319 28,059 11,557 465,200
18. Investments
Cash or cash Other
equivalents investments Total
£ £ £
Cost or valuation
At 1 April 2022 176,215 2,447 178,662
Additions 23,408 11,411 34,819
Disposals (24,027) (1,052) (25,079)
Management charge (995) - (995)
Movement in capital
account 652 - 652
Fair value movements (14,324) - (14,324)
At 31 March 2023 160,929 12,806 173,735
Impairment
At 1 April 2022 and 31
March 2023 - - -
Carrying amount
At 31 March 2023 160,929 12,806 173,735
At 31 March 2022 176,215 2,447 178,662

Listed investments were held with and valued by Quilter Cheviot, Belfast. Other investments are held with NI Community Energy and are held at cost.

26

QUAKER SERVICE (A COMPANY LIMITED BY GUARANTEE) DIRECTORS’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

NOTES TO THE ACCOUNTS (CONTINUED)

19. Debtors

9. Debtors
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income		 Group
2023
Group
2022
Charity
2023
Charity
2022
£
£
£
£
25,005
48,098
24,946
47,753
-
-
63,541
116,282
7,008
26,649
7,008
26,649
32,013 74,747
95,495 190,684

20. Creditors: amounts falling due within one year

Trade creditors
Accruals and deferred income
Obligations under finance leases and hire
purchase contracts
Other Creditors		 Group
Group
Charity
Charity
2023
2022
2023
2022
£
£
£
£
1,889
5,951
689
4,240
5,271
3,194
5,271
3,194
3,590
10,741
3,590
10,741
5,570
-
5,570
-
16,320
19,886
15,120
18,175

21. Creditors: amounts falling due after more than one year

Obligations under finance leases and hire purchase contracts

2023 2022
£ £
- 3,590

22. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

Not later than 1 year

Later than 1 year and not later than 5 years		 2023
2022
£
£
3,590
10,741
-
3,590
3,590
14,331

27

QUAKER SERVICE (A COMPANY LIMITED BY GUARANTEE) DIRECTORS’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

NOTES TO THE ACCOUNTS (CONTINUED)

23. Deferred income

At 1 April 2022
Amount released to income
Amount deferred in year
At 31 March 2023		 2023
2022
£ £
-
16,648
-
(16,648)
-
-
-
-

24. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £10,859 (2022: £15,715).

25. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
General funds
Property Fund
Friend Legacy		 1 April 2022
Income
Expenditure
Transfers
Gains and
losses
At
31 March
2023
£
£
£
£
£
398,914
278,517
(340,302)
27,507
(15,319)
349,317
439,142
-
(10,192) (20,233)
-
408,717
112,125
9,749
-
-
-
121,874
950,181
288,266
(350,494)
7,274
(15,319)
879,908

28

QUAKER SERVICE (A COMPANY LIMITED BY GUARANTEE) DIRECTORS’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

NOTES TO THE ACCOUNTS (CONTINUED)

25. Analysis of charitable funds (continued)

Belfast Health and Social
Care Trust
Department of Foreign
Affairs, Trade & Investment
Department of Education
Early Years Pathway Fund
LFT Charitable Trust
BBC Children in Need
The Executive Fund
Northern Ireland Prison
Service
Community Foundation NI
Family Group Conference
NI Probation Board
The Ireland Fund		 At 1 April
2022
£
Income
£
Expenditure
£
Transfers
£
Gains
and
Losses
£
31 March
2023
£
-
40,901
(40,901)
-
-
-
-
16,682
(16,682)
-
-
-
-
-
-
20,640
(20,640)
-
-
-
-
10,000
(10,000)
-
-
-
-
26,225
(26,225)
-
-
-
7,274
-
-
(7,274)
-
-
-
14,858
(14,858)
-
-
-
15,432
-
(11,325)
-
-
4,107
20,843
-
(20,843)
-
-
-
-
10,087
(10,087)
-
-
-
-
4,000
(4,000)
-
-
-
43,549
143,393
(175,561)
(7,274)
-
4,107

The Executive Fund

£7,274 was brought forward as at 31 March 2022. However, this income was actually allocated against expenditure that occurred during the 2020/21 financial year. As this expenditure was recognised through unrestricted funds a transfer has been accounted for in these financial statements.

29

QUAKER SERVICE (A COMPANY LIMITED BY GUARANTEE) DIRECTORS’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

NOTES TO THE ACCOUNTS (CONTINUED)

26.
Analysis of charitable funds
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
27.
Analysis of changes in net debt
Cash at bank and in hand
Debt due within one year
Debt due after one year		 Unrestricted
Funds
Restricted
Funds
£
Total Funds
2023
£
443,325
-
443,325
173,735
-
173,735
279,168
4,107
283,275
(16,320)
-
(16,320)
-
-
-
879,908
4,107
884,015
1 Apr 2022
Cash flows
31 March
2023
292,633
(41,371)
251,262
(10,741)
7,151
(3,590)
(3,590)
3,590
-
278,302
(30,630)
247,672

28. Taxation

The Company is a registered charity, and as such is entitled to tax exemptions on income and profits in furtherance of the charity’s primary objectives.

30