5 5 Quaker Voluntary Action 03908675 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of a charitable organisation. Digita Accounts Production Advanced 6.30.9574.0 true 03908675 2024-01-01 2024-12-31 03908675 2024-12-31 03908675 core:CurrentFinancialInstruments 2024-12-31 03908675 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 03908675 bus:SmallEntities 2024-01-01 2024-12-31 03908675 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 03908675 bus:FilletedAccounts 2024-01-01 2024-12-31 03908675 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03908675 bus:RegisteredOffice 2024-01-01 2024-12-31 03908675 bus:CompanySecretaryDirector1 2024-01-01 2024-12-31 03908675 bus:Director2 2024-01-01 2024-12-31 03908675 bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 03908675 core:PlantMachinery 2024-01-01 2024-12-31 03908675 countries:England 2024-01-01 2024-12-31 03908675 2023-01-01 2023-12-31 03908675 2023-12-31 03908675 core:CurrentFinancialInstruments 2023-12-31 03908675 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 xbrli:pure iso4217:GBP

Registration number: 03908675

Registered Charity number: 1083412

Quaker Voluntary Action

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

(Registration number: 03908675)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

336

321

Cash at bank and in hand

 

37,779

36,262

 

38,115

36,583

Creditors: Amounts falling due within one year

5

(1,937)

(2,041)

Net assets

 

36,178

34,542

Reserves

 

Retained earnings

36,178

34,542

Surplus

 

36,178

34,542

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 July 2025 and signed on its behalf by:
 

.........................................
JW Beatty
Director

.........................................
SA Glover Frykman
Company secretary and director

 

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Millbank Cottage
Whitney-On-Wye
Hereford
HR3 6HY
England

These financial statements were authorised for issue by the Board on 27 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Display stands

25% of cost

 

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

4

Debtors

Current

2024
£

2023
£

Prepayments

336

321

 

336

321

 

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

374

Taxation and social security

181

-

Accruals and deferred income

1,088

981

Other creditors

668

686

1,937

2,041