| Pages | |||||
|---|---|---|---|---|---|
| Trustees' annual report (incorporating the |
director's | report) | 1 to 8 | ||
| Independent auditor's |
report to | the members | 9to 12 | ||
| Statement offinancial |
activities | (including | income and | ||
| expenditure account) |
13 | ||||
| Statement offinancial |
position | 14 | |||
| Statement ofcash flows |
15 | ||||
| Notes to the financial | statements | 16to 27 | |||
| The following pages |
do not form part of the financial statements | ||||
| Detailed statement of |
financial | activities | 29to 30 | ||
| Notes to the detailed | statement | offinancial | activities |
| Reference | and administrative | and administrative | and administrative | details | |||||
|---|---|---|---|---|---|---|---|---|---|
| Registered | charity | name | Lee Abbey | Fellowship | |||||
| Charity registration | number | 1094097 | |||||||
| Company | registration | number | 4428897 | ||||||
| Principal | office and | registered | Lee Abbey | ||||||
| office | Lynton | ||||||||
| Devon | |||||||||
| EX356JJ | |||||||||
| The trustees | |||||||||
| Revd Dr D | C R Widdows | Chair | |||||||
| Revd Dr G | R Cappleman | ||||||||
| Revd SGarner | |||||||||
| Revd J LC Hocking | |||||||||
| AC Male | |||||||||
| R Dates | |||||||||
| M Proctor | |||||||||
| M Scyner | (Appointed | 18December 2020) | |||||||
| Company | secretary | Magnus Proctor |
|||||||
| Auditor | Thomas Westcott | ||||||||
| Chartered | accountants | &statutory | auditor | ||||||
| 47 Boutpoit Street | |||||||||
| Barnstaple | |||||||||
| Devon | |||||||||
| EX31 1SQ | |||||||||
| Bankers | National Westminster |
||||||||
| 41 High Street | |||||||||
| Barnstaple | |||||||||
| Devon | |||||||||
| EX31 1BZ | |||||||||
| Solicitors | Carter Lemon Camerons | ||||||||
| 10Aldersgate Street |
|||||||||
| London | |||||||||
| EX1A4HJ |
| Y | ear end | ed 30 April | 2021 | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Unrestricted | Restricted | |||||
| funds | funds | Totalfunds | Total funds | |||
| Note | 8 | 6 | 6 | 6 | ||
| Income and endowments | ||||||
| Donations and legacies |
5 | 468,914 | 5,977 | 474,891 | 324,412 | |
| Chaditable activities |
6 | 200,189 | 200,189 | 1,738,043 | ||
| Other trading activities |
7 | 15,871 | 15,871 | 89,634 | ||
| Investment income |
8 | 1,256 | 1,256 | 3,509 | ||
| Total income | 686,230 | 5,977 | 692,207 | 2,155,598 | ||
| Expenditure | ||||||
| Expenditure on raising funds: Costs ofother trading activities Expenditure on charitable activities |
9 10,11 |
21,424 1,113,941 |
1,157 | 21,424 1,115,098 |
54,513 2,060,742 |
|
| Total expenditure | 1,135,365 | 1,157 | 1,136,522 | 2,115,255 | ||
| Net (expenditure)/income movement in funds |
and net | (449,135) | 4,820 | (444,315) | 40,343 | |
| Reconciliation offunds |
||||||
| Total funds brought forward |
5,407,436 | 39,668 | 5,447,104 | 5,406,761 | ||
| Total funds carried forward | 4,958,301 | 44,488 | 5,002,789 | 5.447,104 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | 2 | ||||
| Fixed assets | |||||
| Tangible fixed assets | 17 | 4,434,980 | 4,539,063 | ||
| Current assets | |||||
| Stocks | 18 | 129,803 | 152,824 | ||
| Debtors | 19 | 36,528 | 65,327 | ||
| Cash at bank and in | hand | 673,585 | 838,663 | ||
| 839,916 | 1,056,814 | ||||
| Creditors: amounts | falling due within one year | 20 | 272,107 | 148,773 | |
| Net current assets | 567,809 | 908,041 | |||
| Total assets less current liabilities | 5,002,789 | 5,447,104 | |||
| Net assets | 5,002,789 | 5,447,104 | |||
| Funds ofthe chadity | |||||
| Restricted funds | 44,488 | 39,668 | |||
| Unrestricted funds |
781,942 | 5,407,436 | |||
| Designated funds |
4,176,359 | ||||
| Total charity funds | 23 | 5,002,789 | 5,447,104 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| 6 | F | |||
| Cash flows from operating Net (expenditure)/income |
activities | (444,315) | 40,343 | |
| Adjustments for: Depreciation oftangible fixed assets |
130,476 | 130,476 | ||
| Government grant income Other interest receivable and similar income |
(98,769) (1,256) |
(3,509) | ||
| Accrued expenses/(income) | 27,168 | (130,774) | ||
| Changes/n: Stocks |
23,021 | (44,721) | ||
| Trade and other debtors | 1,387 | 52,249 | ||
| Trade and other creditors | 123,578 | (252,859) | ||
| Cash generated from operations |
(238,710) | (208,805) | ||
| Interest received | 1,256 | 3,509 | ||
| Net cash used in operating |
activities | (237,454) | (205,296) | |
| Cash flows from investing Purchase oftangible assets |
activities | (26,393) | (9,950) | |
| Net cash used in investing activities |
(26,393) | (9,950) | ||
| Cash flows from financing activities Proceeds from loans from group undertakings Government grant income |
98,769 | (3,970) | ||
| Net cash from/(used in) financing activities |
98,769 | (3,970) | ||
| Net decrease in cash and Cash and cash equivalents |
cash equivalents at beginning ofyear |
(165,078) 838,663 |
(219,216) 1,057,879 |
|
| Cash and cash equivalents | at end ofyear | 673,585 | 838,563 |
| Donations | and le | gacies | ||||
|---|---|---|---|---|---|---|
| Unrestdicted | Restncted | Total | Funds | |||
| Funds | Funds | 2021 | ||||
| E | E | |||||
| Donations | ||||||
| Donations | 208,527 | 5,977 | 214,504 | |||
| Lee Abbey Friends income Bursary donations received Charity concessions |
50,400 9,344 27,756 |
50,400 9,344 27,756 |
||||
| Legacies Legacies |
74,118 | 74,118 | ||||
| Grants | ||||||
| Government | grant | income | 98,769 | 98,769 | ||
| 468,914 | 5,977 | 474,891 | ||||
| Unrestncted | Restricted | Total Funds | ||||
| Funds | Funds E |
2020 f |
||||
| Donations | ||||||
| Donations | 104,235 | 23,001 | 127,236 | |||
| Lee Abbey Friends income Bursary donations received Charity concessions |
50,400 54,609 83,747 |
50,400 54,609 83,747 |
||||
| Legacies Legacies |
8,420 | 8,420 |
| Year en | ded 30 April | 2021 | ||||||
|---|---|---|---|---|---|---|---|---|
| 5. | Donations and legacies |
fronrhvnri | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2020 | ||||||
| E | E | E | ||||||
| Grants | ||||||||
| Government | grant income | |||||||
| 301,411 | 23,001 | 324,412 | ||||||
| 6. | Charitable activities |
|||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2021 | Funds | 2020 | |||||
| E | E | |||||||
| House and sundry fees Self catering Sundry income Camp fees Discounts received |
3,782 89,492 115 161 |
3,782 89,492 115 161 |
1,318,041 78,350 3,857 37,568 781 |
1,318,041 78,350 3,857 37,568 781 |
||||
| Estate income | 105,691 | 105,691 | 105,534 | 105,534 | ||||
| Mission and | Outreach | 948 | 948 | 193,912 | 193,912 | |||
| 200,189 | 200,189 | 1,738,043 | 1,738,043 | |||||
| 7. | Other trading activities | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2021 | Funds | 2020 | |||||
| E | E | E | E | |||||
| Lee Cottage Shop income |
income | 8,973 6,898 |
8,973 6,898 |
34,538 55,096 |
34,538 55,096 |
|||
| 15,871 | 15,871 | 89,634 | 89,634 | |||||
| 8. | Investment | income | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2021 | Funds | 2020 | |||||
| E | E | E | F | |||||
| Interest and | dividends | receivable | 1,256 | 1,256 | 3,509 | 3,509 | ||
| 9. | Costs ofother trading | activities | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2021 | Funds | 2020 | |||||
| E | E | E | E | |||||
| Costs ofother trading costs |
activities - Shop | 21,424 | 21,424 | 54,513 | 54,513 |
| Expenditure |
on char'itable activities by fund typ |
e | ||
|---|---|---|---|---|
| Unrestricted | Restncted | Total Funds | ||
| Funds | Funds | 2021 | ||
| 6 | 6 | 6 | ||
| The operation Support costs |
ofLee Abbey and its community | 825,245 288,696 |
1,157 | 826,402 288,696 |
| 1,113,941 | 1,157 | 1,115,098 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| 6 | ||||
| The operation Support costs |
ofLee Abbey and its community | 1,560,855 432,535 |
67,352 | 1,628,207 432,535 |
| 1,993,390 | 67,352 | 2,060,742 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Grantfunding | Total funds | Total fund | |
| directly f |
ofactivities f |
Support costs | 2021 F |
2020 f |
| The operation ofLee |
||||
| Abbey and its community 816,673 |
9,729 | 288,696 | 1,115,098 | 2,060,742 |
| Analysis ofsupport costs | ||||
| Analysis of |
||||
| support costs 6 |
Total 2021 6 |
Total 2020 f |
||
| Premises | 18,806 | 18,806 | 42,043 | |
| Communications and IT |
23,476 | 23,476 | 49,648 | |
| General office | 9,361 | 9,361 | 9,000 | |
| Human resources |
103,061 | 103,061 | 95,072 | |
| Finance costs | 1,667 | 1,667 | 12,811 | |
| Legal fees Bank charges Promotional costs |
779 5,124 14,040 |
779 5,124 14,040 |
667 15,383 66,753 |
|
| Activity administration Community sundry costs Gratuities |
3,865 (1,036) (48) |
3,865 (1,036) (48) |
13,515 4,501 4,470 |
|
| Trustees' expenses Contribution to Lee Abbey Movement Community allowances |
21,000 88,601 |
21,000 88,601 |
1,404 27,500 89,769 |
|
| 288,696 | 288,696 | 432,536 |
| Company Limited by Guarant |
ee | ||
|---|---|---|---|
| Notes to the Financial Statements | /continued/ | ||
| Year ended 30 April 2021 | |||
| Bursary grants | |||
| 2021 f |
2020 f |
||
| Grants to institutions | |||
| Grants to institutions | 9,729 | 56,732 | |
| Total grants | 9,729 | 56,732 |
| Net (expenditure)/income | is stated | after charging/(crediting): | ||
|---|---|---|---|---|
| 2021 f |
2020 f |
|||
| Depreciation oftangible |
fixed assets | 130,476 | 130,476 | |
| Staff costs | ||||
| The total staff costs and | employee | benefits for the reporting | period are analysed as 2021 f |
follows. 2020 |
| Wages and salaries Social security costs Employer contributions |
to pension | plans | 379,711 15,070 49,833 |
521,911 16,125 70,874 |
| 444,614 | 6Oe,gtO |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| No. | No. | ||||
| Running Lee Management |
Abbey and Administration |
46 5 |
95 5 |
||
| 51 | 100 |
| 17. | Tangible fixed | assets | |||||
|---|---|---|---|---|---|---|---|
| Land and | Fixtures and | Motor | |||||
| buildings | fittings | vehicles | Total | ||||
| 5 | E | F | |||||
| Cost | |||||||
| At 1 May 2020 Additions |
5,997,766 26,393 |
997,800 | 158,671 | 7,154,237 26,393 |
|||
| At 30April 2021 | 6,024,159 | 997,800 | 158,671 | 7,180,630 | |||
| Depreciation | |||||||
| At 1 May 2020 Charge for the |
year | 1,532,455 99,004 |
989,770 8,030 |
92,949 23,442 |
2,615,174 130,476 |
||
| At 30April 2021 | 1,631,459 | 997,800 | 116,391 | 2,745,650 | |||
| Carrying amount At 30April 2021 |
4,392,700 | 42,280 | 4,434,980 | ||||
| At 30April 2020 | 4,465,311 | 8,030 | 65,722 | 4,539,063 | |||
| 18. | Stocks | ||||||
| 2021 | 2020 | ||||||
| E | E | ||||||
| Raw materials | and consumables | 129,803 | 152,824 | ||||
| 19. | Debtors | ||||||
| 2021 | 2020 | ||||||
| E | E | ||||||
| Amounts owed by group undertakings Prepayments and accrued income Other debtors |
23,150 13,378 |
9,130 36,512 19,685 |
|||||
| 36,528 | 65,327 | ||||||
| 20. | Creditonn amounts |
falling due within | one year | ||||
| 2021 | 2020 | ||||||
| E | |||||||
| Trade creditors | 20,991 | 21,838 | |||||
| Amounts received on |
account | 216,341 | 84,102 | ||||
| Accruals and deferred | income | 24,530 | 24,774 | ||||
| Social security Other creditors |
and other taxes | 560 9,685 |
2,671 15,388 |
||||
| 272,107 | 148,773 |
| Government | grants | grants | |||
|---|---|---|---|---|---|
| The amounts | recognised in the financial statements |
for government | grants are as follows: 2021 |
2020 | |
| 8 | |||||
| Recognised | in income from donations | and legacies: | |||
| Government | grants income | 98,769 |
| Analysis ofcharitable | funds | ||||
|---|---|---|---|---|---|
| Balance at | Expenditur | Balance at | |||
| 1 May 2020 | Income 5 |
e 5 |
Transfers f |
30Apr 2021 F |
|
| Provision of Hydro | |||||
| Electric Power | 6,061 | 1,200 | 7,261 | ||
| Special Projects Camp Friends Devon Ministries |
2,082 26,837 |
1,250 2,370 490 |
(490) | 3,332 29,207 |
|
| Estate snd Buildings Inglis Fund |
2,938 | 417 | (417) | 2,938 | |
| Mission and Outreach | 250 | (250) | |||
| Community Project |
1,750 | 1,750 | |||
| Total | 39,668 | 5,977 | (1,157) | 44,488 |
| 24. | Analysis of net as | se | ts between funds | |||
|---|---|---|---|---|---|---|
| Unrestdicted | Restricted | Total Funds | ||||
| Funds | Funds | 2021 | ||||
| E | E | |||||
| Tangible fixed assets Current assets |
4,434,980 795,428 |
44,488 | 4,434,980 839,916 |
|||
| Creditors less than | 1 | year | (272,107) | (272,107) | ||
| Net assets | 4,958,301 | 44,488 | 5,002,789 | |||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2020 | ||||
| f | F | E. | ||||
| Tangible fixed assets Current assets |
4,539,063 1,017,146 |
39,668 | 4,539,063 1,056,814 |
|||
| Creditors less than | 1 | year | (148,773) | (148,773) | ||
| Net assets | 5,407,436 | 39,668 | 5,447,104 | |||
| 25. | Analysis ofchanges | in net debt | ||||
| At | At | |||||
| 1 May 2020 | Cash flows | 30Apr 2021 | ||||
| F | F | |||||
| Cash at bank and | in | hand | 838,663 | (165,078) | 673,585 | |
| 26. | Related parties |