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2021-04-30-accounts

The Lee Abbey	Movement
Company Limited	by Guarantee
Financial Statements
Year ended 30	April 2021

					Pages
Trustees' annual report (incorporating the			director's	report)	1 to 8
Independent auditor's	report to	the members			gto12
Statement offinancial	activities	(including	income and
expenditure account)					13
Statement offinancial	position				14
Statement ofcash tlows					15
Notes to the financial	statements				16to 24
The following pages	do not form part ofthe financial statements
Detailed statement of	financial	activities			26
Notes to the detailed	statement	offinancial	activities		27

			Year ended	30April	2021	2021
					2021		2020
					Unrestricted
				Note	funds f	Total funds f	Total funds f
Income and endowments
Donations and legacies				5	159,135	165,135	139,947
Charitable activities				6	25,400	26,400	57,900
Investment	income			7	1,941	1,941	13,023
Total income					197,476	197,476	210,870
Expenditure
Expenditure	on raising funds
Costs	of raising donations		and legacies	8	108,526	108,526	1D2,037
Expenditure	on charitable	activities		5,10	79,534	79,634	81,593
Total expenditure					158,160	188,160	183,53D
Net income	and net movement		in funds		9,316	9,316	27,240
Reconciliation offunds
Total funds	brought forward				14D,906	140,906	113,655
Total funds	carried forward				150,222	150,222	140,906

					30 April	2021
						Note	2021 f		2020 f
Current assets
Debtors						15	1,804,162		1,689,914
Cash at bank and		in	hand				950,140		616,951
							2,754,302		2,306,865
Creditors:	amounts		falling	due within	one year	16	259,569		490,301
Net current	assets							2,494,733	1,816,564
Total assets less		current		liabilities				2,494,733	1,816,564
Creditonu one year	amounts		falling	due after	more than	17		2,344,511	1,675,658
Net assets								150,222	140,906
Funds ofthe charity
Unrestricted	funds							150,222	140,906
Total chariity funds						18		150222	140906

		Year en	ded 30April 20	21
				2021		2020
				f
Cash flows from operating Net income	activities			9,316		27,240
Adjustments for.
Other interest receivable and	similar income			(1,941)		(13,023)
Accrued expenses/(income)				230		(740)
Changesin Trade and other debtors				(114,248)		140,308
Cash generated from operations				(106,643)		153,785
Interest received				1,941		13,023
Net cash (used in)/from operating		activities		(104,702)		166,808
Cash flows from financing	activities
Proceeds from borrowings				424,102		(173,368)
Proceeds from loans from group		undertakings		13,789		9,361
Net cash from/(used in) financing		activities		437,891	,	(164,007)
Net increase in cash and cash		equivalents		333,189		2,801
Cash and cash equivalents	at	beginning	ofyear	616,951		614,150
Cash and cash equivalents	at	end ofyear		950,140		616,951

6.	Charitable	activities	activities
						Unrestdicted		Total Funds	Unrestricted	Total Funds
							Funds f	2021 f.	Funds f	2D20
	Contnbutions		from communities				28,400	26,400	57,900	57,900
7.	Investment	income
						Unrestricted		Total Funds	Unrestricted	Total Funds
							Funds f	2021 f	Funds	2020 f
	Other interest		receivable				1,941	1,941	13,023	13,023
8.	Costs ofraising donations				and legacies
						Unrestricted		Total Funds	Unrestncted	Total Funds
							Funds f	2021 f	Funds	2020 f
	Staff and fundraising			costs			36,126	36,126	31,697	31,697
	Making grants development		for community		ministry		72,400	72,400	70,340	70,340
							108,528	106,526	102,037	102,D37
9.	Expenditure		on charitable		activities	by	fund type
						Unrestricted		Total Funds	Unrestricted	Total Funds
							Funds f	2021 f	Funds f	2020 f
	Support costs						79,634	79,634	81,593	81,593
10.	Expenditure		on chaditable		activities	by	activity type
									Total funds	Total fund
								Support costs f	2021 f	2020 f
	Making grants		for community		ministry	development		79,834	79634	81,593

			Analysis of
			support costs	Total 2021 f	Total 2020 5
Premises			30,433	30,433	30,509
Communications		and IT	1,444	1,444	1,485
General	office		3,066	3,088	17,406
Human	resources		2,769	2,789	4,000
Finance	costs		7,184	7,184	3,084
Auditor	remuneration		4,550	4,550	3,418
Professional fees			3,751	3,751	5,255
Interest			23,688	23,888	15,948
Bank charges			2,749	2,749	468
			79,634	79,634	81,593

Staff costs
The total staff costs	and employee		benefits for		the reporting	period are analysed as follows
						2021 f	2020 5
Wages and salaries						48,136	40,295
Social secunty costs						1,444	1,485
						48,895	41,780
The average head	count of employees			during	the year was 3 (2020 3).The average		number of
full-time equivalent	employees	dunng		the year	is analysed	as follows:
						2021	2020
						No.	No.
Number ofstaff						3	3

15.	other recognised gains and losses on the statement of financial ac Oebtors	tivities
		2021 f	2020 f
	Amounts owed by group undertakings	1,804,162	1,689,914
16.	Creditors: amounts falling due within one year
		2021 f	2020 f
	Bank loans and overdrafts	231,989	476,740
	Amounts owed to group undertakings Accruals and deferred income	23,150 4,430	9,361 4,200
		259,569	490,301
17.	Creditors: amounts falling due after more than one year
		2021 f	2020 f
	Bank loans and overdrafts	2,344,511	1,675,658

			At				At
		1	May 2020 f	Income f	Expenditure f	30April 2021 f
General	fund		140,906	197,476	(188,160)		150,222
			At				At
		1	May 2019	Income	Expenditure f		30April 2020 f
General	fund		113,666	210,870	(183,630)		140,906

19.	Analysis ofnet as	se	ts between funds
				Unrestricted	Total Funds
				Funds	2021
				E	f
	Current assets			2,754,302	2,754,302
	Creditors less than 1 Creditors greater than		year 1 year	(259,569) (2,344,511)	(259,569) (2,344,511)
	Net assets			150,222	150,222
				Unrestricted	Total Funds
				Funds f	2020 f
	Current assets			2,306,865	2,306,865
	Creditors less than	1	year	(490,301)	(490,301)
	Creditors greater than		1 year	(1,675,658)	(1,675,658)
	Net assets			140,906	140,906
20.	Analysis ofchanges		in net debt

Anal	ysis ofchang	es in net debt
			At		At
			1 May 2020	Cash cows	30Apr 2021
			F	E
Cash	at bank and	in hand	616,951	333,189	950,140
Debt	due within one year		(486,101)	230,962	(255,139)
Debt	due aher one	year	(1,675,658)	(568,853)	(2,344,511)
			(1,544,808)	(104,702)	(1,649,510)