2023-04-30-accounts - Lee Abbey Fellowship

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						Pages
Trustees' annual report (incorporating			the	director's	report)	1to 7
Independent auditor's	report to	the members				8to 11
Statement offinancial	activities	(including		income and
expenditure account)						12
Statement offinancial	position					13
Statement ofcash flows						14
Notes to the financial	statements					15to 26

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 G R Cappleman
				Revd SGarner
				Revd J L C Hocking
				AC Male
				M Proctor			(Retired	1	January 2022)
				Revd D C RWiddows
				Mr R Dates
				Mr M Scyner			(Retired	7	July 2022)
				Rev P Harwood			(Appointed		25 September 2023)
Company	secretary			CLC Secretarial Services Limited
Auditor				Westcotts (SW) LLP
				Chartered accountants		&statutory	auditor
				47 Boutport Street
				Barnstaple
				Devon
				EX31 1SQ
Bankers				National Westminster		Bank pic
				41 High Street
				Barn staple
				Devon
Solicitors				Carter Lemon	Camerons
				10Aldersgate	St
				London
				EC1A4HJ

			Year end	ed 30April	2023
					2023		2022
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
			Note	E	6		6
Income and endowments
Donations and legacies			5	509,882	17,780	527,662	354,756
Charitable activities			6	1,810,647		1,810,647	1,295,041
Other trading activities			7	45,014		45,014	32,604
Investment income			8	11,947		11,947	585
Total income				2,377,490	17,780	2,395,270	1,682,986
Expenditure
Expenditure on raising funds:
Costs ofother trading	activities		9	30,864		30,864	40,553
Expenditure on charitable	activities		10,11	1,930,745	2,472	1,933,217	1,539,882
Other expenditure			14				(3,832)
Total expenditure				1,961,609	2,472	1,964,081	1,576,603
Net income and net movement		in	funds	415,881	15,308	431,189	106,383
Reconciliation offunds
Total funds brought forward				5,041,236	67,936	5,109,172	5,002,789
Total funds carried forward				5,457,117	83,244	5,540,361	5,109,172

		30 April	2023
				2023		2022
			Note			6
Fixed assets
Tangible fixed assets			18		4,341,178	4,363,488
Current assets
Stocks Debtors			19 20	118,893 31,344		143,157 56,699
Cash at bank and in	hand			1,427,218		930,981
				1,577,455		1,130,837
Creditors: amounts	falling	due within one year	21	(378,272)		(385,153)
Net current assets					1,199183	745 684
Total assets less current		liabilities			5,540,361	5,109,172
Net assets					5,540,361	5,109,172
Funds ofthe charity Restricted funds					83,244	67,936
Unrestricted funds Designated funds					1,521,783 3,935,334	1,060,267 3,980,969
Total charity funds			24		5,540,361	5,109,172

	Year e	nded 30April 20	23
			2023	2022
			6
Cash flows from operating	activities
Net income			431,189	106,383
Adjustments for:
Depreciation oftangible fixed assets			110,730	124,836
Government grant income Other interest receivable and Gains on disposal oftangible Accrued expenses/(income)	similar income fixed assets		(11,947) 2,066	(30,628) (585) (3,832) (3,767)
Changes in:
Stocks Trade and other debtors			24,264 37,759	(13,354) (20,171)
Trade and other creditors			(21,351)	116,813
Cash generated from operations			572,710	275,695
Interest received			11,947	585
Net cash from operating activities			584,657	276,280
Cash flows from investing	activities
Purchase oftangible assets Proceeds from sale oftangible assets			(88,420)	(53,344) 3,832
Net cash used in investing activities			(88,420)	(49,512)
Cash flows from financing	activities
Government grant income				30,628
Net cash from financing activities				30,628
Net increase in cash and cash equivalents			'498;237	257,396
Cash and cash equivalents	at beginning	ofyear	930,981	673,585
Cash and cash equivalents	at end ofyear		1,427,218	930,981

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

Donations	and le	gacies
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2023
			E	F	8
Donations
Donations			201,033	17,780	218,813
Lee Abbey Friends income Bursary donations received Charity concessions			50,400 46,253 86,520		50,400 46,253 86,520
Legacies Legacies			125,676		125,676
Grants
Government	grant	income
			509,882	17,780	527,662

Donations	and le	gacies (caaarnved1
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2022
				6	E
Donations
Donations			132,676	26,620	159,296
Lee Abbey	Fdends	income	50,400		50,400
Bursary donations		received	28,595		28,595
Charity concessions			73,916		73,916
Legacies
Legacies			11,921		11,921
Grants
Government	grant	income	30,628		30,628
			328,136	26,620	354,756

Charitable activities
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2023	Funds	2022
		8		6
House and sundry fees	1,450,267	1,450,267	906,970	906,970
Self catering	115,744	115,744	156,013	156,013
Sundry income	4,376	4,376	1,889	1,889
Camp fees	28,936	28,936	75	75
Discounts received	434	434	349	349
Estate income	88,738	88,738	127,792	127,792
Beacon fees	122,152	122,152	101,953	101,953
	1,810,647	1,810,647	1,295,041	1,295,041
Other trading activities
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2023 f	Funds f	2022 6
Tea Cottage income			9,069	9,069
Shop income	45,014	45,014	23,535	23,535
	45,014	45,014	32,604	32,604

				Unrestricted	Funds	Unrestdcted	Funds
				Funds	2023	Funds	2022
				6		6	6
Interest	and	dividends	receivable	11,947	11,947	585	585

					Unrestricted	Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds	2023	Funds	2022
						6	6	F	5
	Costs of other costs	trading	activities - Shop			30,864	30,864	40,553	40,553
10.	Expenditure	on charitable		activities	by fund	type
							Unrestricted	Restricted	Total Funds
							Funds	Funds	2023
							f	F	8
	The operation Support costs	ofLee	Abbey	and its community			1,545,554 385,191	2,472	1,548,026 385,191
							1,930,745	2,472	1,933,217
							Unrestricted	Restricted	Total Funds
							Funds 8	Funds	2022 f
	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

		Activities
		undertaken	Grant funding		Total funds	Total fund
		directly E	ofactivities 5	Support costs 5	2023 6	2022
The operation	ofLee
Abbey and its community		1,517,358	30,668	385,191	1,933,217	1,539,882

Analysis		ofsupport c	osts
				Analysis of
				support costs
				activity 1	Total 2023	Total2022
				6		6
Personnel Insurance		Development	Costs	28,566 53,070	28,566 53,070	24,689 41,375
Auditors	remuneration			14,064	14,064	9,840
IT Support Leadership		and finance	training	97,968 5,554	97,968 5,554	93,450 9,027

	Legalfees									4,982	4,982	14,338
	Bank charges									17,859	17,659	13,959
	Promotional	costs								36,393	36,393	34,131
	Administration		costs							1,769	1,769	6,448
	Trustee expenses									37	37
	Community	sundry costs								2,060	2,060	934
	Gratuities									1,000	1,000	290
	Contribution	to	Lee Abbey Movement							36,000	36,000	30,000
	Community	allowances								86,068	86,068	82,945
										385,191	385,191	361,426
13.	Bursary grants
											2023	2022
												E
	Grants
	Grants										30,668	17,555
	Total grants										30,668	17,555
14.	Other expenditure
							Unrestricted		Total Funds		Unrestricted	Total Funds
							Funds			2023 6	Funds	2022 f
	(Profit)/Loss	on	disposal	oftangible
	fixed assets	held for charity's			own		use				(3,832)	(3,832)
15.	Net income
	Net income	is stated after charging/(crediting):
											2023	2022
											6
	Depreciation	oftangible		fixed	assets						110,730	124,836
	Gains on disposal oftangible				fixed		assets					(3,832)
16.	Staff costs
	The total staff costs and			benefits		for the reporting		period		are analysed	as follows:
											2023 f	2022 5
	Wages, salaries		and community			allowances					498,733	431,552
	Social security costs										23,253	17,881
	Employer contributions			to pension			plans				48,103	42,995
											570,089	492,508

Tangible fixed assets
	Land and	Fixtures and	Motor
	buildings 6	fittings F	vehicles 6	Total 6
Cost
At 1 May 2022 Additions	6,024, 159 23,068	1,045,329 65,352	161,153	7,230,641 88,420
At 30April 2023	6,047,227	1,110,681	161,153	7,319,061
Depreciation At1 May 2022 Charge for the year	1,734,271 99,157	997,800 7,632	135,082 3,941	2,867,153 110,730
At 30April 2023	1,833,428	1,005,432	139,023	2,977,883
Carrying amount At 30April 2023	4,213,799	105,249	22,130	4,341,178
At 30April 2022	4,289,888	47,529	26,071	4,363,488
Stocks
			2023 f	2022 6
Rawmaterials and consumables			118,893	143,157

Debtors	Notes to the Financial Statem Year ended 30April	ents (can((sued) 2023
		2023	2022
Amounts owed by group undertakings			23,721
Prepayments	and accrued income	30,679	27,000
Other debtors		665	5,978
		31,344	56,699

Creditor	s: amounts	falling due within one year
			2023	2022
			6	f
Trade creditors			53,112	50,989
Amounts	received on	account	278,465	308,919
Accruals	and deferred	income	22,829	20,763
Amounts	owed to group undertakings		12,404
Social security and other taxes			4,080	3,178
Other creditors			7,382	1,304
			378,272	385,153

25.	Analysis of net a	sse	ts between funds
				Unrestricted	Restricted	Total Funds
				Funds f	Funds f	2023
	Tangible fixed assets			4,341,178		4,341,178
	Current assets			1,481,807	83,244	1,565,051
	Creditors less than	1	year	(365,868)		(365,868)
	Net assets			5,457,117	83,244	5,540,361
				Unrestricted	Restricted	Total Funds
				Funds f	Funds f	2022 f
	Tangible fixed assets			4,363,488		4,363,488
	Current assets			1,062,901	67,936	1,130,837
	Creditors less than	1	year	(385,153)		(385,153)
	Net assets			5,041,236	67,936	5,109,172
26.	Analysis ofchanges		in net debt
				At		At
				1 May 2022	Cash flows f	30Apr 2023 f
	Cash at bank and	in	hand	930,981	496,237	1,427,218