Meeting for Sufferings: Financial activities

Peter Ullathorne delivered a report on BYM finances

Peter Ullathorne, treasurer of Britain Yearly Meeting (BYM), spoke to the ‘Review of financial activities for 2013’ and described the position as ‘reasonably robust’.  He highlighted a new ‘project funding proposal’, which will see any legacy income above the budgeted £1.5 million per year made available to fund ‘distinctive Quaker work’. Projects will undergo a bidding process and, at present, proposals will come from BYM departments, supported by minuted committee decisions.

Peter also talked about the Co-operative Bank. He confirmed that BYM is still with the bank but that this would be reviewed in the coming months. However, as many Friends are involved with the Co-op, Quaker Peace & Social Witness has been preparing an information sheet regarding the current situation, to be made available to treasurers in an upcoming mailing.

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