QUAKER SERVICE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income and endowments from: Donations and legacies Investments Olher income 183,317 7.090 26,810 52,333 235,650 7,090 26,810 151.594 4,148 10,846 162.440 4.148 Total income 217.217 52.333 269,550 155,742 10,846 166,588 Expenditure on.. Charitable activities 248,689 52.333 301.022 202,899 14,953 217,852 Total expenditure 248,689 52,333 301,022 202.899 14.953 217,852 Net gainsl{losses) on investments 10 636 636 3,523 3,523 Net expenditure (30.836) (30,836) (43,634) (4,107) (47.741) Transfers between funds (15.843) 15,843 Net movement in funds (46,679) 15,843 {30.836) (43.634) (4.107) (47,741) Reconciliatlon of funds: Fund balances at 1 April 2024 836,274 836.274 879,908 4.107 884,015 Fund balances at 31 March 2025 789,595 15,843 805,438 836,274 836,274 The statement of financial aclivities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 15-
QUAKER SERVICE STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025 2025 2024 Notes Flxed assets Tangible assets Investments 12 13 388,591 175,914 409,555 175,277 564,505 584,832 Current assets Debtors Cash at bank and in hand 14 67,048 179,103 116,593 149,346 246,151 265,939 Credltors: amounts falllng due wlthin one year 15 (5,218) (14,497) Net current assets 240,933 251,442 Total assets less current liabilities 805,438 836,274 The funds of the charlty Restricted income funds Unrestricted funds 16 17 15,843 789,595 836,274 805,438 836,274 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial stslements under the requirements of the Companies Act 2006. for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies lMe. The financial statements were approved by the trustees on 14 December 2025 Elizabeth G Dickson Trustee Company registration number N1063929 (Northern Ireland)
QUAKER SERVICE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities Cash absorbed by operations 21 (9,551) (45,300) Investing activities Proceeds from disposal of langible fixed assets Purchase of investments Proceeds from disposal of investmenls Movement in cash account Managemenl fee charged on investments Investment income received 31,809 (40.631) 41,040 {184,561) 177.057 8,414 1,071 4,148 7,090 Net ¢ash generated from investing activities 39.308 6,129 Financing activities Paymenl of finance leases obligations (3,590) Net cash used in financing activities (3,590) Net increasel(decrease) in cash and cash equivalents 29.757 (42,761) Cash and cash equivalents at beginning of year 149,346 192,107 Cash and cash equivalents at end of year 179.103 149.346 17-
QUAKER SERVICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity infomiation Quaker Service is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 541 Lisbum Road, Belfast, BT9 7GQ. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's goveming document. the Companies Act 2006. FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional cuffenGy of Ihe charily. Monetary amounts in these financial statements are rounded to the n8aresl £. The financial statements have been prepared under the historical cost convention. [modifi8d to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discrelion of the trustees in furtherance of their charitable objeclives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of Ihe restricted fijnds are sel out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors Ihat the capital must be maintained by the Gharity. 1.4 Income Income is recognised when Ihe charity is legally entilled to it after any perfomiance conditions have been met. the amount5 Gan be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require defeal of the amount. Income tax 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 receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a Contingent asset. 18-
QUAKER SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or Constructive obligation to transfer economic benefit to 8 third party. it is probable Ihat a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity- The costs of each activity are made up of the tolal of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocaled directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central stsff costs are allocated on the basis of time spent. and depreciation charges are allocated on the portion of the assel's use. 1.6 Tangible fixed assets Tanglble fixed assets are initially measured at cost and subsequently measured al cost or valuation, net of depreciation and any impairmenl losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Land and buildings Fixtures, fittings & equipment Computers Motor vehicles 20/0 Straighl line 200/. Straight line 200/0 Straight line 200/9 Straight line The gain or loss arising on the disposal of an asset is detennined as the difference belween the sale proceeds and Ihe carrying value of the asset, and is recognised in the ststement of financial activities. 1.7 Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequenlly measured at fair value at each reporting date. Changes in fair value are recognlsed in net incomel (expenditure) for the year. Transaction costs are expensed as incurred. 1.8 Impalmient of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists. the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.9 Cash and cash equivalents 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 are shown within borrowings in current liabilities. 1.10 Financial instruments The charity has elected to apply the provisions of Section 11 'Basi¢ Financial Instruments, and Section 12 '01her Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party io the contractual provisions of the instrument. Financial assets and liabilities are offsel, with the net amounts presented 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 net basis or to realise the asset and setue the liability simultaneously. 19-
QUAKER SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Contlnued) Basic financial assets Basic financial assets, which include debtors and cash and bank balances. are initially measured at transaction price including transaction Gosts and are subsequently carried at amortised cost using the effective interest method unless the arrangemenl conslilutes a financing transaction. where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaGtion, where Ihe debl instrument is measured at the present value of the future paymenls discounted at a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade credilors are obligations to pay for goods or services that have been acquired in the ordinary course of operations 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-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of finan¢lal liabilities 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 is recognised in the period in which the employee's services are received. Tenytination benefits are recognised immediately as an expense when the charity is demonstrably committed to temiinate the employment of an employee or lo provide temiination benefits. Critical accounting estimates and judgements In the application of the Ghartty's accounting policies, the trustees are required to make judgements, estimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors Ihat are considered to be relevant. Actual results may differ from these estlmates. The estimates and underfying assumpts'ons are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in Ihe period in which the estimate is revised where the revision affecls only that period, or in the period of the revision and future periods where Ihe revision affects both current and future periods. -20-
QUAKER SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and legacies Unrestricted Restricted funds funds 2025 2025 Total Unrestrlcted Restricted funds funds 2024 2024 Total 2025 2024 Donations and gifts Grants 68,716 114.601 68,716 166,934 59,530 92,064 59.530 102.910 52,333 10,846 183,317 52.333 235,650 151,594 10,846 162.440 Donations and gifts Friends donalions HMRC gift aid Quaker Care gift 53,496 3,453 11.767 53,496 3,453 11.767 56,169 3,361 56,169 3.361 68,716 68,716 59,530 59.530 Grants Joseph Rowntree Charitable Trust CB & HH Taylor Trust The Oliver Moreland Trust AE HaNey Charitable Trust R&S Bankcroft Clark Trust Nl Prison Service Black Mountsin Shared Space Domiant accounts Sir James Reckitt Charity Department for Communities Other 55,000 14,000 4.000 55,000 14,000 4,000 55,000 14,000 4,000 55,000 14,000 4.000 8,000 8,000 8,000 8.000 2,000 2,000 19.000 2,000 2,000 14,953 19.000 14.953 808 808 33,333 15,000 8,032 8,032 33,333 15.000 7,636 8,157 7,636 8,157 1,032 (4,107) (3,075) 114,601 52,333 166,934 92,064 10,846 102,910 21
QUAKER SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from investments Unrestricted Unrestrlcted funds funds 2025 2024 Income from listed investments Other income 7,090 4,143 7,090 4,148 Other Income Unrostricted Unrestricted funds funds 2025 2024 Net gain on disposal of tangible fixed assets 26,810 Expenditure on charitable activitles Charitable activities 2025 Charitable activities 2024 Direct costs Quaker connections Quaker cottage Teenage project Frederick Street 51,498 33,794 46,146 52,697 292 26,173 111,465 99,135 Share of support and governance costs (s88 note 7) Support 189,557 118,717 301.022 217,852 Analysis by fund Unrestricted funds Reslricted funds 248,689 52,333 202,899 14.953 301,022 217,852 Included within the Quaker cottage expenses of £33,794 is £15.894 (2024.. £28,243 } of depreciation. -22-
QUAKER SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to activities 2025 2024 Staff costs Running costs Governance costs Charitable activities Volunleer costs 164.110 13,624 10,056 1,767 85,618 16,084 14,760 2,220 35 189,557 118,717 Analysed between: Charitable activities 189,557 118.717 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from Ihe charity during the year. Employees The average monthly number of employees during the year was: 2025 Number 2024 Number Employment costs 2025 2024 W8ges and salaries Social security costs Other pension costs 183,652 13,959 5.334 109.434 6.128 202,945 119,206 There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel was as follows: The charity considers its key management personnel includes all persons that have authority and SpOnsIbl11ty for planning, directing and controlling the activities of the charity- The total compensation paid to key management was £121.512 (2024.. £117.378). -23-
QUAKER SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Gains and losses on investments Unrestricted Unrestricted funds funds 2025 2024 Gainsl(losses) arising on: Revaluation of investments Sale of investments 1,020 2.503 636 636 3,523 11 Taxation The charity is exempt from taxalion on its activities because all its income is applied for charitable purposes. 12 Tangible fixed assets Land and buildings Fixtures, fittings & equipment Comput8rs Motor vehicles Total Cost At 1 April 2024 Disposals 505,200 16,840 19,805 65,898 (55,898) 607,743 {55.898) At 31 March 2025 505.200 16.840 19,805 10,000 551.845 Depreciation and impairment At 1 April 2024 Depreciation charged in the year Eliminated in respect of disposals 110,344 10,104 13,749 3,091 13,197 2,769 60,898 198,188 15.964 (50.898) (50,898) At 31 March 2025 120.448 16.840 15.966 10,000 163,254 Carrying amount At 31 March 2025 384,752 3,839 388,591 At 31 March 2024 394,856 3.091 6,608 5,000 409,555 -24-
QUAKER SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Fixed asset investments Listed Unlisted investments investments Total Cos* or valuation Al 1 April 2024 Additions Valuation changes Managemenl charge Movement in capital account Disposals 162,505 40,631 (474) (431) 1.613 {40,403) 12,772 175,277 40,631 (773) {431) 1,613 (40,403) (299) At 31 March 2025 163,441 12,473 175,914 Carrying amount At 31 March 2025 163,441 12.473 175,914 At 31 March 2024 162,505 12,772 175,277 14 Debtors 2025 2024 Amounts falling due within one year: Other debtors Prepayments and accrued income 60,008 7,040 102,058 14,535 67,048 116,593 15 Creditors: amounts falling due within one year 2025 2024 Trade creditors Other creditors Accruals and deferred income 1,043 575 3,600 797 4.519 9,181 5,218 14,497 -25-
QUAKER SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Restricted funds The restricted funds of th8 charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 April 2024 Incoming resources Resources expendad Transfers At 31 March 2025 Norlhern Ireland Prison Service Dormant Accounts Family Group Confrening 19,000 33,333 (19,000) (33,333) 15.843 15.843 52,333 (52,333) 15,843 15,843 Previous year: At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 Northern Ireland Prison Service Community Foundation Nl 14,953 (4,107) (14,953) 4,107 4,107 10,846 (14,953) The charity receives restricted funding for several of its projects as noted above. More details of the purpose of these funds and activities undertaken are given in the directors, report. During the year the charity identified thatfunds relating to the Family Group Conferencing should be recognised as restricted and a transfer from unrestricted funds has been shown to reflect this. 17 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestrided funds by the trustees for specific purposes. At 1 Aprll 2024 Incoming resources Resources expended Transfers Gains and At 31 March losses 2025 General funds Property fund Friend legacy 326,179 398,413 111,682 217.217 (238,585) (10.104) (15,843) 636 289.604 388.309 111.682 836,274 217,217 (248.889) (15,843) 636 789,595 -26-
QUAKER SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Unrestricted funds (Continued) Previous year: At 1 April 2023 Incoming resources Resources expended Transfers Gains 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 (202,899} 3,523 836,274 The directors had previously designated funds to replace minibuses used for the cottage project. All vehicles are now hired rather than purchased so the funds have been transferred to the cottage project. Other transfers are made to support the projects in receipt of restructured funds for general reserves. 18 Analysls of net assets between funds Unrestricted funds 2025 Restricted funds 2025 Totsl 2025 At 31 March 2025: Tangible assets Investments Current assetsl(liabilities) 388,591 175,914 225,090 388,591 175.914 240,933 15,843 789,595 15,843 805.438 Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Investments Current assetsl(liabilities) 409,555 175.277 251.442 409.555 175,277 251,442 836,274 836,274 19 Financlal ¢ommitmont$. guarantees and contingent liabilities There were no financial commitrnents at the year end. 20 Related party transactions -27-
QUAKER SERVICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Related party transactions (Continued) As a direct subsidiary under the control of Quaker Service, Quaker Care Lld is considered to be a relaled party of the company. During the year Quaker Care Lld donated by way of gift aid its profitfor the year ended 31 March 2025, £11.767 (2024= £1,032). At 31 March 2025 the amount due to the Company from Quaker Care Ltd was £59.506 {2024: £102.056) 21 Cash generated from operatlons 2025 2024 Deficit for the year (30,836) (47,741) Adjustments for.. Investment income recognised in statement of financial activities Gain on disposal of tangible fixed assets Gain on disposal of investments Fair value gains and losses on investments Depreciation and impaimient of tangible fixed assets {7,090) (26,810) {636) {409) 15,964 (4,148) (2,503) (1,020) 28,243 Movements in working capital: Decreasel(increasel in debtors {DecreaseKincrease in creditors 49,545 (9,279) (21,098) 2,967 Cash absorbed by operations (9,551) (45,300) 22 Analysls of changes in net funds The charity had no material debt during the year. 23 Legal status of the charity The Charity is a company limited by guarantee and does not have a share Capitsl. It is govemed by a Memorandum & Artides of Association and the liability of each member is limited to an amount not exceeding £1. -28-