**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: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. ## **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: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. 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