| Pages | ||||||
|---|---|---|---|---|---|---|
| Trustees' annual'report | (incorporating | the | director's | report) | 1to 6 | |
| Independent auditor's |
report to | the members | Tto10 | |||
| Statement offinancial | activities | (including | income and | |||
| expenditure account) |
||||||
| Statement offinancial | position | 12 | ||||
| Statement ofcash flows | ||||||
| Notes to the financial | statements | 14to 22 |
| Lee | Abbey Househol | Abbey Househol | d | d | Communities | Communities | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company Limited |
by | Guarantee | |||||||||
| Trustees' | Annual | Report (Incorporating | the Director's Report) (continued) | ||||||||
| Year ended 30 | April 2022 | ||||||||||
| Reference | and administrative | details | |||||||||
| Registered | charity | name | Lee Abbey Household | Communities | |||||||
| Charity registration | number | 1053813 | |||||||||
| Company | registration | number | 03137720 | ||||||||
| Principal office and | registered | Lee Abbey | |||||||||
| office | Lynton | ||||||||||
| Devon | |||||||||||
| EX356JJ | |||||||||||
| The trustees | |||||||||||
| SEdmondson | Chair | ||||||||||
| Revd M C Bishop | |||||||||||
| Revd Dr G RCappleman | |||||||||||
| Ven Dr AJJolley | |||||||||||
| Revd C Mcllroy | |||||||||||
| Mr R Pool | (Resigned | 4 December 2021) | |||||||||
| Mr D Hase | (Appointed | 2 February 2022) | |||||||||
| Ven A D Wooding Jones | (Appointed | 23 November 2021) | |||||||||
| Company | secretary | CLC Secretarial Services Limited | |||||||||
| Auditor | Westcotts (SW) LLP | ||||||||||
| Chartered accountants |
&statutory | auditor | |||||||||
| 47 Boutport Street | |||||||||||
| Barnstaple | |||||||||||
| Devon | |||||||||||
| EX31 1SQ | |||||||||||
| Bankers | Lloyds Bank Pic | ||||||||||
| 207 High Street | |||||||||||
| Erdington | |||||||||||
| Birmingham | |||||||||||
| B236SZ | |||||||||||
| Solicitors | Carter Lemon Camerons | LLP | |||||||||
| 3"Floor, 20 King Street | |||||||||||
| London | |||||||||||
| EC2V 8EG |
| Year end | ed 30April | 2022 | |||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Unrestricted | Restricted | ||||||
| Note | funds | funds | Total funds | Totalfunds f |
|||
| Income and endowments | |||||||
| Donations and legacies Chaiitable activities Investment income |
28,776 15,339 |
38,174 | 66,950 15,339 |
46,992 25,695 63 |
|||
| Total income | 44,115 | 38,174 | 82,289 | 72,750 | |||
| Expenditure Expenditure on charitable |
activities | 8,9 | 45,858 | 19,648 | 65,506 | 62,202 | |
| Total expenditure | 45,858 | 19,648 | 65,506 | 62,202 | |||
| Net income and net movement | in | funds | (1,743) | 18,526 | 16,783 | 10,548 | |
| Reconciliation offunds Total funds brought forward |
416,794 | 28,373 | 445,167 | 434,619 | |||
| Total funds carried forward | 415,051 | 46,899 | 461,950 | 445,167 |
| 30April | 2022 | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Note | 6 | E | ||||
| Fixed assets | ||||||
| Tangible fixed assets | 14 | 340,182 | 349,831 | |||
| Current assets | ||||||
| Debtors | 15 | 850 | 160 | |||
| Cash at bank and | in | hand | 123,215 | 97,026 | ||
| 124,065 | 97,186 | |||||
| Creditors: amounts | falling due within one year | 16 | (2,297) | (1,850) | ||
| Net current assets | 121,768 | 95,336 | ||||
| Total assets less | current liabilities | 461,950 | 445,167 | |||
| Net assets | 461,950 | 445,167 | ||||
| Funds ofthe charity | ||||||
| Restricted funds |
46,899 | 28,373 | ||||
| Unrestricted funds |
415,051 | 416,794 | ||||
| Total charity funds | 17 | 461,950 | 445,167 |
| Year en | ded 30April 202 | 2 | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| 5 | ||||
| Cash flows from operating Net income |
activities | 16,783 | 10,548 | |
| Adjustments for: Depreciation oftangible fixed Other interest receivable snd Accrued expenses |
assets similar income |
9,649 447 |
9,649 (63) 150 |
|
| Changesin: Trade and other debtors |
(690) | 53 | ||
| Cash generated from operations |
26,189 | 20,337 | ||
| Interest received | ||||
| Net cash from operating activities |
26,189 | 20,400 | ||
| Net increase in cash and cash equivalents Cash and cash equivalents at beginning |
ofyear | 26,189 97,026 |
20,400 76,626 |
|
| Cash and cash equivalents | at end ofyear | 123,215 | 97,026 |
| Donations | and legacies | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds E |
Funds f |
2022 8 |
||
| Donations Donations Donations |
from Lee Abbey Movement | 13,329 15,447 |
13,329 15,447 |
|
| Grants Grants receivable - Diocese ofExeter |
38,174 | 38,174 | ||
| 28,776 | 38,174 | 66,950 | ||
| Unrestricted | Restdicted | Total Funds | ||
| Funds | Funds | 2021 | ||
| 8 | 8 | |||
| Donations Donations Donations |
from Lee Abbey Movement | 7,992 22,000 |
7,992 22,00'0 |
|
| Grants Grants receivable —Diocese ofExeter |
17,000 | 17,000 | ||
| 29,992 | 17,000 | 46,992 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |||
| 6 | 6 | 6 | ||||
| Contdbutions | from Communities | 15,339 | 15,339 | 25,695 | 25,695 | |
| 7. | Investment | income |
| Restricted | Total Funds | Restricted | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds f |
2022 f |
Funds 6 |
2021 f |
|||
| Bank interest | receivable | 63 | 63 | |||
| / | ||||||
| Expenditure | on charitable | activities by fund type | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2022 | ||||
| 6 | 6 | |||||
| Christian Support |
faith costs |
ministries | 41,468 4,390 |
19,648 | 61,116 4,390 |
|
| 45,858 | 19,648 | 65,506 | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds 8 |
Funds 6 |
2021 f |
||||
| Christian Support |
faith costs |
ministries | 44,608 8,142 |
9,452 | 54,060 8,142 |
|
| 52,750 | 9,452 | 62,202 |
| Expendit | ure | on charitable acti | vities by activity typ | e | ||||
|---|---|---|---|---|---|---|---|---|
| Activities | ||||||||
| undertaken | Total | funds | Total fund | |||||
| directly 6 |
Support | costs 6 |
2022 f |
2021 | ||||
| Christian | faith | ministries | 61,116 | 4,390 | 65,506 | 62,202 |
| Analysis of | supp | ort costs | |||
|---|---|---|---|---|---|
| Analysis of | |||||
| supportcosts activity 1 |
Total 2022 | Total2021 | |||
| 6 | 6 | ||||
| Premises Communications Human resources |
and IT | 1,990 2,400 |
1,990 2,400 |
1,950 3,792 2,400 |
|
| 4,390 | 4,390 | 8,142 | |||
| Net income | |||||
| Net income | is stated after charging/(crediting): | 2022 | 2021 | ||
| 6 | 6 | ||||
| Depreciation | oftangible fixed assets | 9,649 | 9,649 |
| 14. | Tangible fixed asse | ts | ||
|---|---|---|---|---|
| Land and | ||||
| buildings | ||||
| Cost | ||||
| At 1 May 2021 and 30April 2022 | 426,830 | |||
| Depreciation | ||||
| At 1 May 2021 Charge for the year |
76,999 9,649 |
|||
| At 30April 2022 | 86,648 | |||
| Carrying amount |
||||
| At 30April 2022 | 340,182 | |||
| At 30April 2021 | 349,831 | |||
| 15. | Debtors | |||
| Other debtors | 2022 f 850 |
2021 5 160 |
||
| 16. | Creditors: amounts | falling due within one year | ||
| 2022 | 2021 | |||
| Accruals and deferred | income | 2,297 | 1,850 |
| 18. | Analysis ofnet as | se | ts between funds | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||
| Tangible fixed assets Current assets Creditors less than 1 |
year | Funds 8 340,182 77,166 (2,297) |
Funds f 46,899 |
2022 6 340,182 124,065 (2,297) |
||
| Net assets | 415,051 | 46,899 | 461,950 | |||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2021 | ||||
| Tangible fixed assets Current assets Creditors less than 1 |
year | 349,831 66,963 |
28,373 | 349,831 95,336 |
||
| Net assets | 416,794 | 28,373 | 445,167 | |||
| 19. | Analysis ofchanges | in net debt | ||||
| At | At | |||||
| 1 May 2021 | Cash flows | 30 Apr 2022 | ||||
| Cash at bank and in | hand | 97,026 | 26,189 | 6 123,215 |
| 2022 | 2021 | ||
|---|---|---|---|
| 6 | 5 | ||
| Income and endowments | |||
| Donations and legacies |
|||
| Donations Donations from Lee Abbey Movement Grants receivable —Diocese ofExeter |
13,329 15,447 38,174 |
7,992 22,000 17,000 |
|
| 66,950 | 46,992 | ||
| Charitable activities |
|||
| Contributions from Communities |
15,339 | 25,695 | |
| Investment income |
|||
| Bank interest receivable | 63 | ||
| Total income | 82,289 | 72,750 | |
| Expenditure | |||
| Expenditure on charitable |
activities | ||
| Wages and salaries Rates and water Repairs and maintenance Other establishment Legal and professional fees Other office costs Depreciation Contribution to Lee Abbey Movement Bank Charges |
17,453 8,112 9,974 15,595 1,990 177 9,649 2,400 156 |
9,452 8,719 11,987 12,303 1,950 5,592 9,649 2,400 150 |
|
| 65,506 | 62,202 | ||
| Total expenditure | 65,506 | 62,202 | |
| Net income | 16,783 | 10,548 |