NORTHUMBRIA AREA MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN
Religious Society of Friends
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of £2,449,454, which is in excess of its stated policy target of 18 months of general expenditure. However, the trustees report that planned capital expenditure on property redevelopments is expected to markedly reduce these reserves by the end of 2026, and the charity has run at a financial deficit over the past four years when excluding investment and legacy income.
What the accounts disclose
“The Trustees Reserves Policy is to hold 18 months general expenditure.”
Trustees
- Ann Georgina Smith
- Douglas McRae Rennie
- Elizabeth Andersen
- Gillian Gill
- Jonathan Hendy Boaden
- Paul David Flynn
- Robert Hugh Craig Catty
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £232k | £200k |
| 31/12/2023 | £186k | £154k |
| 31/12/2022 | £142k | £170k |
Common questions
Is NORTHUMBRIA AREA MEETING OF THE RELIGIOUS SOCIETY OF FRIENDS (QUAKERS) IN BRITAIN financially healthy?
Per its FY2024 accounts: The accounts state that the charity held unrestricted reserves of £2,449,454, which is in excess of its stated policy target of 18 months of general expenditure. However, the trustees report that planned capital expenditure on property redevelopments is expected to markedly reduce these reserves by the end of 2026, and the charity has run at a financial deficit over the past four years when excluding investment and legacy income. Its FY2024 accounts were independently examined.