## ## ## ## |||||||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|able|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|falling due within one year||| |---|---|---|---| |||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|