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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|
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|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||||||
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||||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|
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|||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|
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||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|
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|Land and Buildings|20-50years straight|20-50years straight|line|
|---|---|---|---|
|Fixtures and Fittings|4 years straight|line||
|Motor Vehicles|4 years straight|line||
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|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|
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|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|
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|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|
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|||||Unrestricted|Total|Funds|Unrestdcted|Total|Funds|
|---|---|---|---|---|---|---|---|---|---|
|||||Funds||2023|Funds||2022|
|||||6|||6||6|
|Interest|and|dividends|receivable|11,947||11,947|585||585|
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||||||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|
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|||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|
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|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|
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||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|
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|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|
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|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|
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|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|
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|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|
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