|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)| ## ## ## ## ##