2022-04-30-accounts - Lee Abbey Fellowship

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						Pages
Trustees' annual report (incorporating			the	director's	report)	1tog
Independent auditor's	report to	the members				10to 13
Statement offinancial	activities	(including		income and
expenditure account)						14
Statement offinancial	position					15
Statement ofcash flows						16
Notes to the financial	statements					17to 28

Year ended 30April 20	22
	2022	2021f
Costs ofother trading activities
Costs ofother trading activities -Shop costs Shop costs -purchases	40,553	21,424
Costs ofother trading activities	40,553	21,424
Expenditure on charitable activities The operation ofLee Abbey and its community
Activities undertaken direcfiy Staff and casual wages Staff - Employer's NIC Staff pension costs Rates Power light and heating The Beacon Repairs and maintenance Catering costs Exceptional repairs Activity Conference pastoral and audio Depreciation &loss on disposal Camp costs Estate costs	324,018 17,861 42,995 83,103 107,132 38,379 82,687 237,709 26,947 28,564 124,836 314 46,356	272,304 15,070 49,833 17,087 81,748 8,459 77,320 94,266 10,046 6,746 130,476 1,996 51,322
	1,160,901	816,673
Grant funding activities Busary grants	17,555	9,729
Support costs Personnel department costs Insurance IT support Leadership and finance training Professional -Auditor remuneration Promotion costs Activity administration Community sundry costs Gratuities Contdibution to Lee Abbey Movement	107,634 41,375 93,450 9,027 38,137 34,131 6,448 934 290 30,000	107,407 23,476 103,061 1,667 15,263 14,040 3,865 (1,035) (48) 21,000
	361,426	288,696
Expenditure on charitable activities	1,539,882	1,115,098

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 D C RWiddows			Chair
				Revd Dr G R Cappleman
				Revd SGarner
				Revd J L C Hocking
				A C Male
				R Dates
				M Proctor			(Retired 31	December 2021)
				M Scyner			(Retired 7July 2022)
Company	secretary'			CLC Secretarial Services		Limited	(Appointed	1 January 2022)
Auditor				Westcotts (SW)LLP
				Chartered accountants	&	statutory	auditor
				47 Boutport Street
				Barnstaple
				Devon
				EX31 1SQ
Bankers				National Westminster
				41 High Street
				Barnstaple
				Devon
				EX31 1BZ
Solicitors				Carter Lemon Camerons		LLP
				3'd Floor,-20 King Street
				London
				EC2V 8EG

				2022		2021
			Unrestricted	Restncted
			funds	funds	Total funds	Total funds
		Note		8	6	6
Income and endowments
Donations and legacies Charitable activities Other trading activities Investment income		5 6 7 8	328,136 1,295,041 32,604 585	26,620	354,756 1,295,041 32,604 585	474,891 200,189 15,871 1,256
Total income			1,656,366	26,620	1,682,986	692,207
Expenditure
Expenditure on raising funds:
Costs ofother trading Expenditure on charitable Other expenditure	activities activities	9 10,11 14	40,553 1,536,710 (3,832)	3,172	40,553 1,539,882 (3,832)	21,424 1,115,098
Total expenditure			1,573,431	3,172	1,576,603	1,136,522
Net income/(expenditure)	and net
movement in funds			82,935	23,448	106,383	(444,315)
Reconciliation offunds
Total funds brought forward			4,958,301	44,488	5,002,789	5,447,104
Total funds carried forward			5,041,236	67,936	5,109,172	5,002,789

	Statement ofFin 30April	ancial 2022	Position
			2022		2021
		Note		8	E
Fixed assets Tangible fixed assets		18		4,363,488	4,434,980
Current assets Stocks Debtors Cash at bank and in hand		19 20	143,157 56,699 930,981		129,803 35,528 673,585
			1,130,837		839,916
Creditors: amounts	falling due within one year	21	(385,153)		(272,107)
Net current assets				745,684	567,809
Total assets less current liabilities				5,109,172	5,002,789
Net assets				5,109,172	5,002,789
Funds ofthe charity Restricted funds Unrestricted funds Designated funds				67,936 1,060,267 3,980,969	44,488 781,942 4,176,359
Total charity funds		24		5,109,172	5,002,789

Year e	nded 30 April 2022
		2022	2021
Cash flows from operating activities		5
Net income/(expenditure)		106,383	(444,315)
Adjustments for:
Depreciation oftangible fixed assets Government grant income Other interest receivable and similar income Gains on disposal oftangible fixed assets Accrued (income)/expenses		124,836 (30,628) (585) (3,832) (3,767)	130,476 (98,769) (1,256) 27,168
Changes /n:
Stocks Trade and other debtors Trade and other creditors		(13,354) (20,1'71) 116,813	23,021 1,387 123,578
Cash generated from operations		275,695	(238,710)
Interest received		585	1,256
Net cash from/(used in) operating activities		276,280	(237,454)
Cash flows from investing activities
Purchase oftangible assets Proceeds from sale oftangible assets		(53,344) 3,832	(26,393)
Net cash used in investing activities		(49,512)	(26,393)
Cash flows from financing activities
Government grant income		30,628	98,769
Net cash from financing activities		30,628	98,769
Net increase/(decrease) in cash and cash Cash and cash equivalents at beginning	equivalents ofyear	257,396 673,585	(165,078) 838,663
Cash and cash equivalents at end ofyear		930,981	673,585

Land and Buildings	20-50 years straight	20-50 years straight	line
Fixtures and Fittings	4 years straight	line
Motor Vehicles	4 years straight	line

Donations	and le	gacies
			Unrestricted	Restricted	Total Funds
			Funds E	Funds	2022 f
Donations Donations Lee Abbey Friends income Bursary donations received Chadity concessions			132,676 50,400 28,595 73,916	26,620	159,296 50,400 28,595 73,916
Legacies Legacies			11,921		11,921
Grants Government	grant	income	30,628		30,628
			328,136	26,620	354,756

			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
Donations				E	E
Donations Lee Abbey Friends income Bursary donations received Charity concessions			208,527 50,400 9,344 27,756	5,977	214,504 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

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2022	Funds	2021
House and sundry fees Self catering Sundry income Camp fees Discounts received Estate income Beacon fees	906,970 156,013 1,889 75 349 127,792 101,953	6 906,970 156,013 1,889 75 349 127,792 101,953	3,782 89,492 115 161 105,691 948	F 3,782 89,492 115 161 105,691 948
	1,295,041	1,295,041	200,189	200,189

Other trading activities
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2022	Funds	2021
Tea Cottage income Shop income	E 9,069 23,535	6 9,069 23,535	6 8,973 6,898	8,973 6,898
	32,604	32,604	15,871	15,871

				Unrestricted	Total	Funds	Unrestricted	Total	Funds
				Funds		2022	Funds		2021
Interest	and	dividends	receivable	E 585		6 585	1,256		E 1,256

					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2022	Funds	2021
					6	6	6
	Costs ofother costs	trading	activities - Shop		40,553	40,553	21,424	21,424
10.	Expenditure	on charitable		activities	by fund type

Expenditure	on charit	acti	vities b	y fund	type
						Unrestricted	Restncted	Total Funds
						Funds	Funds	2022
						5	5	6
The operation Support costs	of Lee Abbey	and	its community			1,175,284 361,426	3,172	1,178,456 361,426
						1,536,710	3,172	1,539,882
						Unrestricted	Restricted	Total Funds
						Funds	Funds	2021
						5
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
Expenditure	on charitable	activities by activity type
		Activities
		undertaken directly F		Grant funding ofactivities Support costs			Total funds 2022 6	Total fund 2021 f
The operation	ofLee
Abbey and its community		1,160,901			17,555	361,426	1,539,882	1,115,098
Analysis ofsupport costs
						Analysis of
						support costs	Total 2022 f	Total 2021
Personnel department costs Insurance Auditors remuneration IT Support Leadership and finance training						24,689 41,375 9,840 93,450 9,027	24,689 41,375 9,840 93,450 9,027	18,806 23,476 9,361 103,061 1,667

	Legalfees Bank charges Promotional costs Administration costs Community sundry costs Gratuities Contribution to Lee Abbey Movement Community allowances	Legalfees Bank charges Promotional costs Administration costs Community sundry costs Gratuities Contribution to Lee Abbey Movement Community allowances			14,338 13,959 34,131 6,448 934 290 30,000 82,945	14,338 13,959 34,131 6,448 934 290 30,000 82,945	779 5,124 14,040 3,865 (1,036) (48) 21,000 88,601
					361,426	361,426	288,696
13.	Bursary grants
	Grants to institutions					2022	2021 f
	Grants to institutions					17,555	9,729
	Total grants					17,555	9,729
14.	Other expenditure
			Unrestricted	Total	Funds	Unrestdicted	Total Funds
	(Profit)/Loss on disposal oftangible		Funds		2022	Funds f	2021 f
	fixed assets held for charity's	own use	(3,832)		(3,832)
15.	Net income/(expenditure)
	Net income/(expenditure) is stated after charging/(crediting):
	Depreciation oftangible fixed Gains on disposal oftangible	assets fixed assets				2022 6 124,836 (3,832)	2021 f 130,476

Gains on disposal oftangible fixed Staff costs	assets		(3,832)	,
The total staff costs and employee	benefits for the	reporting	period are analysed as	follows:
			2022	2021
Wages, salaries and community allowances Social security costs Employer contributions to pension plans			431,652 17,861 42,995	379,711 15,070 49,833
			492,508	444,614

Tangible fixed assets
	Land and	Fixtures and	Motor
	buildings	fittings	vehicles	Total 6
Cost At 1 May 2021 Additions Disposals	6024 159	997,800 47,529	158,671 5,815 (3,333)	7,180,630 53,344 (3,333)
At 30April 2022	6,024,159	1,045,329	181,153	7,230,641
Depreciation At 1 May 2021 Charge for the year Disposals	1,631,459 102,812	997,800	116,391 22,024 (3,333)	2,745,650 124,836 (3,333)
At 30April 2022	1,734,271	997,800	135,082	2,867,153
Carrying amount At 30April 2022	4,289,888	47,529	26,071	4,363,488
At 30April 2021	4,392,700		42,280	4,434,980
Stocks
			2022	2021
			8
Rawmaterials andconsumables			143,157	129,803

	2022	2021
	5	8
Amounts owed by group undertakings Prepayments and accrued income Other debtors	23,721 27,000 5,978	23,150 13,378
	56,699	36,528

Creditors: amounts
	2022 6	2021 f
Trade creditors Amounts received on accounts Accruals and deferred income Social security and other taxes Other creditors	50,989 308,919 20,763 3,178 1,304	20,991 216,341 24,530 560 9,685
	385,153	272,107

The amount contribution Government	recognised in income or expenditu plans wes 242,995(2021:549,833). grants	recognised in income or expenditu plans wes 242,995(2021:549,833). grants	re as an ex	pense in relation to	defined
The amounts	recognised in the financial statements		for government	grants are as follows:
				2022	2021
				6
Recognised	in income from donations	and legacies:
Government	grants income			30,628	98,769

Analysis ofcharitable	funds
	Balance at				Balance at
	1 May 2021 6	Income E	Expenditure	Transfers 6	30Apr 2022 6
Provision of Hydro Electric Power Special Projects Camp Friends Devon Ministries	7,261 3332 29,207	1,120 20,000 2,278 450	(450)		8,381 23,332 31,485
Estate and Buildings Inglis Fund Beacon/Youth Community Project	2,938 1,750	1,472 50 1,250	(1,472) (1,250)		2,988 1,750
Total	44,488	26,620	(3,172)		67,936

The Estate and Build estate.	ings fund provides	support for	the Lee Abbey	environment,	house and
Unrestricted Funds	analysis Balance at				Balance at
Fixed Asset Reserves Property Reserve General Funds	1 May 2021 6 258,621 4,176,359 523,321	Income K 1,656,366	Expenditure (22,024) (102,812) (1,448,595)	Transfers 30Apr 2022 6 145,922 382,519 (92,578) 3,980,969 (53;344) 677,748
Total	4,958,301	1,656,366	(1,573,431)		5,041,236

			Unrestricted	Restricted	Total Funds
			Funds f	Funds 2	2022
	Tangible fixed assets Current assets Creditors less than 1	year	4,363,488 1,062,901 (385,153)	67,936	4,363,488 1,130,837 (385,153)
	Net assets		5,041,236	67,936	5,109,172
			Unrestricted	Restricted	Total Funds
			Funds f	Funds f	2021
	Tangible fixed assets Current assets Creditors less than 1	year	4,434,980 795,428 (272,107)	44,488	4,434,980 839,916 (272,107)
	Net assets		4,958,301	44,488	5,002,789
26.	Analysis ofchanges	in net debt

							At		At
						1	May 2021	Cash flows	30Apr 2022
Cash	at	bank	and	in	hand		673,585 .	257,396	930,981

Detailed Statement of Year ended 30	Financial Activities April 2022
	2022f	2021
Income and endowments
Donations and legacies
Donations Lee Abbey Friends income Bursary donations received Charity concessions Legacies Government grant income	159,296 50,400 28,595 73,916 11,921 30,628	214,504 50,400 9,344 27,756 74,118 98,759
	354,756	474,891
Charitable activities
House and sundry fees Self catering Sundry income Camp fees	906,970 156,013 1,889 75	3,782 89,492 115
Discounts received Estate income Beacon fees	349 127,792 101,953	161 105,691 948
	1,295,041	200,189
Other trading activities
Tea Cottage income Shop income	9,069 23,535	8,973 6,898
	32,604	15,871
Investment income
Interest and dividends receivable	585	1,256
Total income	1,682,986	692,207

Year ended 30April 20	22
	2022f	2021 8
Costs ofother trading activities
Costs ofother trading activities -Shop costs Shop costs - purchases	40,553	21,424
Costs ofother trading activities	40,553	21,424
Expenditure on charitable activities
The operation ofLee Abbey and its community
Activities undertaken directly Staff and casual wages Staff - Employer's NIC Staff pension costs Rates	324,018 17,861 42,995 83,103	272,304 15,070 49,833 17,087
Power light and heating The Beacon	107,132 38,379	81,748 8,459
Repairs and maintenance Catering costs Exceptional repairs Activity Conference pastoral and audio Depreciation &loss on disposal Camp costs Estate costs	82,687 237,709 26,947 28,564 124,836 314 46,356	77,320 94,266 10,046 6,746 130,476 1,996 51,322
	1,160,901	816,673
Grant funding activities Busary grants	17,555	9,729
Supportcosts Personnel department costs Insurance	107,634 41,375	107,407 23,476
ITsupport Leadership and finance training Professional - Auditor remuneration	93,450 9,027 38,137	103,061 1,667 15,263
Promotion costs	34,131	14,040
Activity administration Community sundry costs Gratuities Contribution to Lee Abbey Movement	6,448 934 290 30,000	3,865 (1,035) (48) 21,000
	361,426	288,696
Expenditure on charitable activities	1,539,882	1,115,098