QUAKER SERVICE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Donations and legacies
Investm8nt8
151,594
4,148
10,846
162,440
4,148
232,934
3,783
143,393
376,327
3,783
Total income
155,742
10,848
166,588
238,717
143,393
380,110
Expendlture on:
Charftsbla actlvlties
202,899
14,953
217,852
298,945
175,561
474,506
Total expondlture
202,899
14,953
217,852
298,945
175,561
474,506
Net gainsl{lossesl on
inve8trnents
3,523
3.523
{15.319J
(15,319)
Net expenditure
143,6341
{4,107)
(47,741)
177,5471
132,168) {109,715)
Transfers be￿een
funds
7,274
17,274)
Net movement in
funds
143,634)
(4,107)
147,7411
170,273)
(39,442) (109,7151
Reconclllatlon of funds:
Fund balances at 1 April 2023
879,908
4,107
884,015
950,181
43,549
993.730
Fund balances at 31 March
2024
836,274
836,274
879,908
4,107
884,015
The stalemenl of flnanclal activllies in¢lude8 all gains and losses recognised in the y88r. All Income and expenditure
derive from continuing activities.
13-

QUAKER SERVICE
STATEMENT OF FINANCIAL POSITION
ASAT31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
Investments
11
12
409,555
175,277
437,798
173,735
584,832
611,533
Current assets
Deblors
Cash at bank and in hand
13
116,593
149,346
95,495
192,107
265,939
287,602
Creditors: amounts falling due wlthln
one year
15
(14,4971
(15,120)
Net current assets
251,442
272.482
Total assets less currenl liabllitles
836,274
884,015
The lunds of the charity
Restricted income fvnds
Unrestricted funds
16
17
4,107
879,908
836,274
836,274
884,015
The company is entitled to the exemption from the audit requirement contained in secllon 477 of the Companie8 Act
2006, for the year ended 31 Ma￿h 2024. although an audit ha8 been carried out under section 65 of the Charities
Act (NII 2008
The dlrectors acknowledge their re8ponslbllltl8s for complylng with the requlrements of the Companies Act 2006
with re8pect to accounting records and the preparation of financial stalements.
The members have not required the company to obtain an audlt of ils flnancial statements ￿nder the requirements
of the Companies Act 2006, for the year in question in accordance with sects'on 476.
These financial statements have been prepared in accordance with the provisions applleable to companles subject
to the small companies regime.
The financial statements were approved by the trustees on . X
Trustee
Company registration number N1063929 {Northem Ireland)
14-

QUAKER SERVICE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activities
Cash labsorb8d byllgenerated from
operations
21
145,3001
30.566
Investlng actlvltles
Purchase of tangible fixed as¥et8
Purchase of investm8nt$
Net proceeds from disposal of investments
Movement in cash account
Management fees charged on investments
Inv8Stment income received
12,062}
134.8151
25,079
18521
(184,5611
177,057
8,414
1,071
4,148
3,783
Net cash generated froml{used In)
Investing actlvltles
6,129
18,667)
Financlng activities
Payment of finance18ases obllgations
(3,590)
(10,741)
Net cash used In flnancing actlvltles
(3,590)
110,741)
Net (de¢rease}Ilncrease In cash and cash
equivalents
{42,761 }
11.158
Ca8h and ca8h equivalents et beginning of year
192,107
180,949
Cash and cash equlvalents at end of year
149,346
192,107
15-

QUAKER SERVICE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity informatlon
Quaker servi￿ is a private company limited by guarantee incorporated in Northérn Ireland. The régistered
office is 541 Lisbum Road, Belfast, 8T9 7GQ.
1.1 Accountlng convention
The financial statements have been prepared in accordance with the charity's Igovèrning documentl, the
Companies Act 2006, FRS 102 "The Financial Reportsng Standard applicable in the UK and Republic of
Ireland. {"FRS 102") and the Charities SORP "Accounting and Reporting by Charrties.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}. (effective 1 January 20191. The
charity is a Public Benefit Entity a8 deftned by FRS 102.
The financial statements are prepared in 8terilng, which 18 the funcllonal currency of th8 charity. Monetary
amounts in these financial Statements are rounded to the nearest £.
The financlal Statements have been prepared und@r the hlstorical cost convention, Imodified to include the
revaluation of freehold properties and lo include inv8Stment properties and certain financial instruments at fair
V81ue]. The principal accounting policie8 adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that thè charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the tru8tee8
continue to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestrict8d funds are available for use at the discretion of the trustees in furtherance of their charitable
objective8.
Restricted funds are 8ubject to specific conditions by donors or grantors as to how théy may be u8ed. Th8
purposes and uses of the restricted funds are set out in the notès to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charity.
1.4 Income
Income is recognised when the diarity is legally entitled lo it after any performancé conditions have been met.
the amounts can be measured r81iably, and It 1$ probable that income will be re¢elved.
Cash donations are re¢ognised on receipt. Oiher donations are recognised once the charity has been notified
of the donation, unless performanGe conditions require deferral of the amount. Income lax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on re￿Ipt or otherwise if the charity has been notified of an impending distribution,
the amount is kn¢)wn, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent as8et.
16-

QUAKER SERVICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policies
(Continued)
1.5 Expenditure
Expenditure is recognised once Ihere 18 a legal or constructive obligation to transfer 6conomic benefrt to a
third party, it is probablé that a transfer of economic benefits will be réquired in settlement, and the amunt of
the obligation can be measured reliably.
Expendilure is classified by actlvlty. The c08ts of each activity are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single
activity ar8 alltseated directly to that activity. Shared costs which contribute to more than oné actimty and
support costs which ar8 not attributable to a single activity are apportioned be￿een those activities on a basis
consistent with th8 use of resources. Centrel staff costs are allocat8d on the basis of time spent, and
depreciation charges aro allocated on the portion of the asset's U88.
1.6 Tangible flxed assets
Tangible fixed assets are initially measured at cost and subsequently mea8ured at cost or valuation, n8t of
depreclation and any impairment1088es.
Depreclatlon is recognised 80 as to wrrte off the cosl or valuation of a888t81865 their resldual values over their
useful lives on the following bases..
Land and buildings
Fixtures, fittings & 8quipment
Computers
Motor vehicles
2% Straight line
20% Straight lin8
200A Straight line
200A Straight line
The gain or loss ari8ing on the disposal of an asset is detemiined a8 the difference be￿een the sale proceeds
and the carying value of the asset, and is re￿gnised in the Statement of financial activities.
1.7 Flxed asset investments
Fixed asset inveslments are initially measured at transaction price excluding transaction costs, and are
8ubsequently measured at fair value at each reporting date. Changes in fair value are recopnised in net
incomel{expenditure) for the year. Transgction costs are expensed as incurred.
1.8 Impalrment of flxed assets
At each reporting end date, the charrty reviews the carrying amounts of its tangib18 a$88ts lo det8rmine
wh6th8r thére 18 any indication that those assets havé suffered an impairment loss. If any such Indication
exists, th8 recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss lff any).
1.9 Cash and cash equlvalents
Cash and cash equivalents Include cash in hand, deposits held at call with banks, other short-temi liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts ar8 shown
within borrowings in current liabilities.
1.10 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Inslruments, and Section 12
'other Financial Instruments Issues, of FRS 102 lo all of its financial instruments.
Financial instruments are recognised in the charity's balan￿ sheet ￿en the charity becomes party to the
contractual provi8ions of the instrument.
Financial assets and liabilities are offset, with the net amounts presènted in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a n8t
basis or to realise the asset and Settle the liability simultaneously.
17-

QUAKER SERVICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policles
(Gontinued)
Basic financlal assets
Basic financial assets, which include debtors and cash and bank balances, arè initially measured at
transaction price induding transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement conslilule8 a financing transaction, where the transaction is
mèasured at the present value of the future receipts discounted at a martet rate of interest. Finanaal assets
classified as receivable within one year are not amortised.
Basic financlal Ilabiliflos
Basic financial liabilitses, including creditors and bank108ns are Inltially recognisèd at transaction prfce unless
the arrangernent constitutes a financing transaction, where the debt instwment is measured at the present
value of the future payments di8counted at a market rate of interest. Financlal liabililies clas$lf18d as payable
within one year are not amortised.
Debt instruments ar8 subsequently carriéd at amortlsed cost, using the effective interest rat8 method.
Trade creditors are obligations to pay for goods or services that hav8 been acquired in the ordinary course of
oper8tions from suppliers. Amounts payable are classified as Current liabilities if payment is due within one
year or less. If not, they are presented as non-CUTrenl liabililias. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cosl using the effective interest method.
Derecognltion of flnancial liabllities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.11 Employee benefits
The cost of any unused holiday entitlement 18 recognised in the period in which the employee's services are
received.
Temiination benefits are recognised imm8dlately a8 an expense when th8 charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefit8.
1.12 Leases
Leases are classified a8 flnance leases whenèv8r the term8 of the lease transfer substantially all the risks and
rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets h8ld under finance leasés are recognised as assets at the lower of the assets fair value at the date of
inception and the present value of the minimum lease payments. The relatéd liability 1$ In¢luded in the
stslement of financial position as a finance lease obligation. Lease payments are treated as consisting of
capital and interest elements. The interest is charged to net incomellexpenditurel for the year 80 as to
produce a constant periodic rate of interest on the remaining balance of the liability.
Crltical a¢countlng estimates and Judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assels and liabilities that are not readily apparent from other
sources. The estimates and associatsd assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the pertod in which the estimate is revised where the revision affects only that
period. or in the period of the revision and future periods where the revision affects bolh current and future
periods.
18-

QUAKER SERVICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from donations and lègacies
Unrestrlcted Restricted
funds
funds
2024
2024
Total Unrestrlcted Restricted
funds
funds
2023
2023
Total
2024
2023
Donations and gifts
Leaacies
Grants
59,530
59,530
85,244
10,249
137,441
85,244
10,249
280,834
92,064
10.846
102,910
143,393
151,594
10,846
162,440
232,934
143,393
376,327
Donatlons and glfts
Fri8nds donatlan$
HMRC gift ald
58,169
3,361
56,169
3,361
79,109
6,135
79.109
6,135
59,530
59,530
85,244
85,244
Grants
Joseph Rowntree
Charitable Trust
CB & HH Taylor Trust
The Oliver Moreland Tru8t
AE Harvey Charitable
Tru8t
R&S Bankcroft Clark
Trust
Nl Pri80n Service
Black Mountain Shared
Space
WF Southall Trust
Sir James Reckltt Charlly
LFT Charitable Trust
Other
55,000
14,000
4,000
55,000
14,000
4,000
55.271
14,000
4,000
55,271
14,000
4,000
8,000
8,000
10,000
10,000
2,000
2,000
14,953
2,000
2,000
14.858
14,953
14,858
8,032
8.032
1,050
3,000
35,500
1,050
3,000
35,500
10,000
131,155
10,000
118,535
1,032
(4,107)
(3,075)
12,620
92,064
10,846
102,910
137,441
143,393
280,834
Government grants
Further breakdown of the restricted funding re￿ived within other above can be found in note 17.
Also included within 'otherf in Ihe prior year was a gift from the trading subsidiary of £9,043. No gift was
received in 2024.
19-

QUAKER SERVICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from investments
Unrestricted Unrestricled
fvnds
funds
2024
2023
Income from listed investm8nts
Other income
4,143
3,783
4,148
3,783
Expendllure on charitable activities
Charitable
activllles
2024
Charitablo
activitles
2023
Dlrect costs
Quaker conn8clion8
Quaker cottage
Teenage project
46.146
52,697
292
33.757
258,611
72,718
99,135
365,086
Share of support and governance costs (see note 6)
Support
118,717
109,420
217,852
474,506
Analysis by fund
Unrestricted funds
Restricted funds
202,899
14,953
298,945
175,561
217,852
474,506
Included within the Quaker cottage expen8es of £52,697 is £28,243 (2023.. £29,463) of depreciation.
-20-

QUAKER SERVICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs allocated to actlvltles
2024
2023
staff costs
Running costs
Govemance costs
Charitab18 aclivlties
Volunteer costs
85,618
16,084
14,760
2,220
35
96,497
6,648
5,065
1.210
118,717
109,420
Analysed between:
Charitable activities
118,717
109,420
Thi$t¢•s
None of the trustees lor any person8 connected with them) recelved any remunerallon or benefit8 from the
charity durfng th8 year.
Employees
Th8 average monthly number of employèes during the year was..
2024
Number
2023
Number
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
Redundancies
109,434
6,128
3,644
252,846
22.221
10,234
71,096
11g,206
356,397
There were no employees whose annual remuneration was more than £60,000.
21

QUAKER SERVICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Employees
(Continued)
Remuneration of key management per50nn•l
The remuneration of key management per50nn81 ￿d8 a8 follows..
The charity consider8 its key management personnel includes all persons that have authority and
responsibility for planning, directing and controlling the activities of the charity. The totsl compensation paid to
key management was £117,378 (2023.. £117,026).
Galns and105se5 on investments
Unrestricted Unrestrl¢ted
funds
funds
2024
2023
Gain8111088e81 arising on:
Revaluation of investments
Sale of investments
1,020
2,503
{15,3191
3.523
(15,3191
10 Taxatlon
The charity is exempt from taxation on ils 8Ctivitl88 because all its income is applled for charitable purposes.
11 Tangible flxed assets
Land and
bulldlngs
Fixtures.
fittings &
•quipment
Gomput•rB
Motor
vehicl•s
Total
Cost
At 1 April 2023
505,200
16,840
19,805
65,898
607,743
At 31 March 2024
505,200
16,840
19,805
65,898
607.743
Depreciation and impairment
At l April 2023
Depreciation charged in the year
100,040
10,304
10,381
3,368
9,656
3,541
49,868
11.030
169,945
28,243
At 31 March 2024
110,344
13,749
13,197
60,898
198,188
Carrying amount
At 31 March 2024
394,856
3.091
6,608
5,(H]O
409,555
At 31 March 2023
405,160
6,459
10,1SO
16.029
437,798
-22-

QUAKER SERVICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Fixed asset investments
Listed
Unlisted
investments investments
Total
Cost or valuatlon
At 1 Aprll 2023
Additions
Valuation changes
Managem8nt charge
Movement in c4Pital account
Di8p08al8
160,929
184,561
231
{1,0711
{8,4141
1173,7311
12,806
173,735
184,561
1,020
11,0711
18,414)
1174,554)
789
(823)
At 31 March 2024
162,505
12,772
175,277
Carrying amount
At 31 March 2024
182,505
12,772
175,277
At 31 March 2023
160,929
12,806
173,735
13 Debtors
2024
2023
Amounts falllng due wlthin one year:
Tradé debtors
other debtors
Prepayment8 and accrued income
102,058
14,535
63,541
31,952
116,593
95,495
14 Finance lease obllgatlons
Future minimum lease p8ymenls due under flnance le88es'.
2024
2023
Within one year
3.590
-23-

QUAKER SERVICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Credltors- amounts falling due wlthln one year
2024
2023
Notes
Obligation8 under finance leas8S
Trade creditors
other creditors
Accruals and deferred income
14
3,590
689
5,570
5,271
797
4,519
9,181
14,497
15,120
16 Restricted funds
The restricted funds of the charity comprisè the unexpended balanc88 of donation8 and grants held on trust
subject to specific conditions by donors as to how they may ￿ used.
At 1 Aprll
2023
Incomlng Resources
resources
expended
Transfers At 31 March
2024
Northern Ireland Prison SèNice
Community Foundation Nl
14,953
(4,107)
114,953)
4.107
4,107
10,846
{14,9531
Prevlous year".
At 1 April
2022
Incomlng
r•sources
Resources
expended
Transfers At 31 March
2023
Northern Irèland Prison Service
Community Foundation Nl
Belfast HSCT
Department of Foreign Affairs,
Trade & Investment
Departmenl of Education
LFT.Charitab18 Trust
BBC Children in Need
The Execulive Fund
Family Group Confrence
Nl Probation Board
The Ireland Fund
14,858
(14,858)
111,325)
(40,901)
15,432
4,107
40,901
18,682
20,640
10,000
26,225
(16.6821
{20,640)
{10,OCNJI
{26,2251
7,274
20,843
(7,274)
{20.8431
110,087}
14,000)
10,087
4,000
43,549
143,393
175.561
(7,274)
4,107
The charity receives restricted funding for several of its projects as noted above. More details of the purpose
of these fvnds and activities undertaken are given in the directors. report.
-24-

QUAKER SERVICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Unrestricted funds
The unrestricted funds of the chatily comprise the unexpended balances of donations and grants which arè
not subject to specific conditions by donors and granlors as to how they may be used. These includ8
deslgnated funds which have been set aside out of unrestricted funds by the trustees for spècific purposes.
At 1 April
2023
Incoming
resources
Resources
expended
Transfers
Galns and At 31 March
losses
2024
General funds
Property fund
Friend legacy
359,509
408,717
111,682
155,742
(192,595)
(10,304)
3,523
326.179
398,413
111,682
879,908
155,742
1202,899)
3,523
836,274
Prevlous year:
At 1 Aprll
2022
Incomlng
resources
Resources
expended
Transfers
Gains and At 31 M4rch
losses
2023
General fiJnd8
Property fund
Friend legacy
398,914
439,142
112,125
226,968
(278,5611
{10,1921
{10,1921
27,507
(20,233)
(15,319)
359,509
408,717
111,882
9,749
950,181
236,717
298,945
7,274
115,319}
879,908
The directors had previously de8ignat8d funds to replace minibu8es u8eé for the cott8g8 proj8ct. All vehide8
are now hired rather than purchased so the funds have been transferred to the cottage PTojecl. Oth8r
transfers are made lo support the projects in receipt of restructured funds for general re8erv8S.
18 Analysis of net assets between funds
Unr•strlcted
funds
2024
Restricted
funds
2024
Total
2024
At 31 March 2024..
Tangible assets
Investments
Current 8ssetsllliabilitie8)
409,555
175,277
251,442
409,555
175,277
251,442
836.274
836,274
25-

QUAKER SERVICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Analysi5 of net assets belween fund5
(Continued)
Unrestricted
funds
2023
Re5trlcted
funds
2023
Total
2023
At 31 March 2023:
Tangible assets
Invèstments
Current assetsllliabiliti88)
437,798
173,735
268,375
437,798
173,735
272,482
4,107
879,908
4,107
884,015
19 Flnanclal commltmentsp guarantees and contlngent Ilabilities
There were no financlal commitments at the year end.
20 Related party transactlons
As a direct sub81dlary under the control of Quaker Servlce, Quak8r Care Ltd 18 considèred to be a related
paty of the company.
During the year Quaker Care Ltd donated by way of gift aid its profit for the year ended 31 March 2024,
£1,03212023: £9,043).
At 31 March 2024 the amount due to th8 company from Quaker Care Ltd was £102,05612023'. £63,541)
21 Cash generated from operations
2024
2023
Oeficit for the year
(47,741)
{109,715)
Adjustments for..
Investment income recognised in statemènt of financial activitie8
IGain)Iloss on disposal of investments
Fair value gain8 and losses on investments
08preciation and impairment of tangible fixed assets
14,148)
12,503)
11,020)
28,243
13,783)
15,319
29,463
Movements in working capital..
Ilncreaselldecrèase in debtors
Increase in creditors
121.0981
2,967
95,186
4,096
Cash (absorbed byllgenerated from operations
145,300)
30,566
26-

QUAKER SERVICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
22 Analysls of Changes In net funds
At l April 2023
Cash flowsAt 31 March 2024
Cash at bank and in hand
192,107
142,761)
149,346
Obligation$ under finance lease8
{3,590}
3,590
188,517
139,171)
149.346
23 Legal statu$ of the charlty
The Charity 18 8 company limitsd by guarantee and does not have a share capital. It 18 govemed by a
Memorandum & Articl8s of Association and the liabilfty of e8¢h member Is limlted to an amount not 8xceedlng
£1.
-27-