2023-04-30-accounts - The Lee Abbey Movement

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Legal and administrative	information		1-2
Trustees' report			3-9
Auditors' report to the trustees			10-13
Consolidated statement	offinancial	activities	14
Consolidated balance sheet			15
Charity balance sheet			16
Consolidated cash flow	statement		17
Notes to the financial statements			18-39

				Unrestdicted Restricted	Unrestdicted Restricted	2023	2022
				funds	funds	Total	Total
			Notes 8		6	6	E
Income and endowments
Donations and legacies			2	699,309	68,746	768,055	544,049
Other trading activities			3	32,877		32,877	27,400
Investment income			4	13,912		13,912	692
Incoming resources from	charitable	activities	5	4,070,590		4,070,590	2,305,708
Other income			6	12,137		12,137	10,095
Total income				4,828,825	68,746	4,897,571	2,887,944
Expenditure
Expenditure on raising funds:
cost ofother trading	activities		7	30,865		30,865	40,553
Charitable activities			8	4,017,771	69,363	4,087,134	3,097,647
Total resources expended				4,048,636	69,363	4,117,999	3,138,200
Net incoming resources
before transfers				780,189	(617)	779,572	(250,256)
Transfer between funds				(8,146)	8,146
Net movement in funds				772,043	7,529	779,572	(250,256)
Total funds brought forward				9,291,348	183,492	9,474,840	9,725,096
Total funds carried forward				10,063,391	191,021	10,254,412	9,474,840

						2023	2022
			Notes
Fixed assets
Tangible assets				14		10,098,958	10,406,100
Current assets
Stocks				16	118,892		151,518
Debtors				17	108,404		72,457
Cash at bank and in	hand				2,766,108		1,865,257
					2,993,404		2,089,232
Creditors: amounts	falling
due within one year				19	(1,351,741)		(951,013)
Net current assets						1,641,663	1,138,219
Total assets less current			liabilities			11,740,621	11,544,319
Creditors: amounts	falling		due
after more than one	year			21		(1,486,209)	(2,069,479)
Net assets						10,254,412	9,474,840
Funds				23
Restricted income funds				27		191,021	183,492
Unrestricted income	funds:			25
Unrestricted income	funds					2,289,290	1,615,488
Designated Property	Reserve					7,774,101	7,675,860
Total unrestricted income		funds				10,063,391	9,291,348
Total funds						10,254,412	9,474,840
The financial statements		were approved		by	the board on .....I...JM....		...and signed on its
behalf by

					2023	2022	2022
			Notes
Current assets
Debtors				18	1,405,416	1,945,597
Cash at bank and in		hand			657,681	614,880
					2,063,097	2,560,477
Creditors: amounts		falling
due within one	year			20	(287,465)	(321,451)
Net current assets					1,775,632	2,239,026
Creditors: amounts		falling due
after more than	one	year			(1,486,209)	(2,069,479)
Net assets					289,423	169,547
Funds				28
Unrestricted income funds				30	289,423	169,547
Total funds					289,423	169,547
The financial statements			were approved	by	the board on,...().Ql&3.....	...and signed	on ils
Revd Dr G R	appleman
Chairman

				2023	2022
			Notes	8	8
Net income for the year				779,572	(250,256)
Interest receivable				(13,912)	(692)
Depreciation and impairment				405,776	419,689
Decrease/(Increase) in stocks				32,626	(13,354)
(Increase)/Decrease in debtors				(35,947)	51,397
Increase in creditors				400,728	61,842
Net cash from operating	activities			1,568,843	268,626
Cashflows from investing		activities
Interest received				13,912	692
Purchase offixed assets				(98,634)	(65,423)
Receipts from sale offixed	assets
Net cash from investing	activities			(84,722)	(64,731)
Cashflows from financing		activities
Cash oufflows from repayment				583,270	163,478
Net cash from financing	activities			583,270	163,478
Change in cash in year				900,851	40,IVI 7
Cash and cash equivalents		at 1 May 2022		1,865,257	1,824,840
Cash and cash equivalents		at 30April 2023		2,766,108	1,865,257
Analysis ofcash
Cash in hand				2,766,108	1,865,257

Donations	and legac	i	es
				Unrestricted	Restricted	2023	2022
				funds	funds	Total	Total
							8
Donations	- Fellowship			152,067	17,780	169,847	134,976
Donations	- LAISC			52,426	48,966	101,392	101,116
Donations	- Household		Communities	13,180		13,180	13,777
Donations	- Movement			223,187		223,187	132,553
Bursary Donations Received - Fellowship				46,253		46,253	28,595
Charity Concessions		-	Fellowship	86,520		86,520	52,309
Legacies -	Fellowship			125,676		125,676	11,921
Grants receivable					2,000	2,000	38,174
Government	grant income						30,628
				699,309	68,746	768,055	544,049

Other trading activities
	Unrestricted	2023	2022
	funds	Total	Total
	6	8
Shop income - Fellowship	32,877	32,877	18,331
Tea Cottage Income - Fellowship			9,069
	32,877	32,877	27,400

				Unrestricted	2023	2022
				funds	Total	Total
				6	8	6
Bank	interest	and dividends	receivable - LAF	11,947	11,947	585
Bank	interest	receivable - LAISC		415	415	28
Bank	interest	receivable - Movement		1,550	1,550	79
				13,912	13,912	692

Incoming resources from ch	aritable activities
		Unrestricted	2023	2022
		funds	Total	Total
		8	6	6
House and Beacon Fees - Fellowship		1,572,419	1,572,419	1,008,923
Contributions from community	members - HC	13,846	13,846	15,339
Selfcatering - Fellowship		115,744	115,744	156,013
Camp Fees - Fellowship		28,936	28,936	75
Discounts Received - Fellowship		434	434	349
Sundry Income - Fellowship		4,376	4,376
Estate Income - Fellowship		88,738	88,738	127,792
Fees - LAISC		2,182,851	2,182,851	972,273
Sundry Income - LAISC		58,189	58,189	17,970
Amenities Income - LAISC		5,057	5,057	6,974
		4,070,590	4,070,590	2,305,708

Other	income
		Unrestricted	2023	2022
		funds	Total	Total
		f	f	6
Other	income	12,137	12,137	10,095
		12,137	12,137	10,095

				Unrestricted	2023	2022
				funds	Total	Total
						6
Shop	Purchases	-	Fellowship	30,865	30,865	40,553
				30,865	30,865	40,553

Costs ofc	haritable ac	tivities - by f	und type
			Unrestricted	Restricted	2023	2022
			funds	funds	Total	Total
			K	8	6
Fellowship			1,894,746	2,472	2,005,974	1,618,855
International	Students'	Club	1,953,507	48,635	2,002,142	1,409,434
Household	Communities		52,863	18,256	2,510	1,990
Movement			116,655		76,508	67,368
			4,017,771	69,363	4,087,134	3,097,647

Costs ofc	haritable ac	tivities - by a	ctivity
			Activities
			undertaken	Support	2023	2022
			directly	costs f	Total K	Total 6
Fellowship			1,548,025	349,1931,897,218		1,539,882
International	Students'	Club	1,750,032	252,1102,002,142		1,445,434
Household	Communities		68,358	2,510	70,868	65,506
Movement			40,398	76,508	116,906	67,368
			3,406,813	680,321	4,087,134	3,118,190

Analysis ofsupport c	os	ts
			Lee		Lee Abbey	Lee	Abbey	Lee Abbey
			Abbey	International		Household		Movement
		Fellowship			Students'	Communities			2023	2022
					Club				Total	Total
					6				f	8
Staff costs			114,634					19,635	134,269	139,985
Insurance			50,613		39,756				90,369	66,601
Travelling			37		751			12,616	13,404	8,385
Office Expenses					31,527				31,527	12,760
Other Support Costs			100,425		7,693				108,118	105,704
Professional fees			10,446		21,363		460	798	33,067	28,264
Auditors' remuneration			8,600		7,500		1,700	3,990	21,790	16,897
Legal and professional	fees				79,222			13,454	92,676	49,148
Promotion costs			36,393					4,437	40,830	30,569
Activity Administration			7,325					16,679	24,004	27,238
Other office expenses			2,061				350		2,411
Bank Charges			17,659					4,899	22,558	5,124
Depreciation and impairment										1,551
Gratuities			1,000		64,298				65,298	57,217
			349,193		252,110		2,510	76,508	680,321	549,443
Net incoming/(outgoing)		resources		for the year
								2023	2022
								6
Net incoming/(outgoing)		resources is		stated after charging:
Depreciation and other		amounts written			offtangible	fixed assets		405,776	419,689
Profit on disposal oftangible			fixed assets						(5,815)
Auditors' remuneration								32,085	19,995

Employees
Employment	costs		2023	2022
			6	6
Wages, salaries and community		allowances	623,612	544,638
Social security	costs		42,175	34,678
Pension costs			71332	65,218
			737,119	644,534

The avera	g	e number o	ffull-time equivalents during	the year, was as follows:
				2023	2022
				Number	Number
Fellowship				63	60
International		Students'	Club	25	25
Movement				2	3
				90
Trustees'		emoluments
Trustees'	Honoraria			6,000	6,000

		Land and	Major	Fixtures,
14.	Tangible fixed assets	buildings	Buildings fittings and		Motor
	Group	freehold	Improvements	equipment	vehicles	Total
		8	8	8		6
	Cost/Valuation
	At 1 May 2022	12,878,510	1,848,319	2,955,523	161,153	17,843,505
	Additions	23,068		75,566		98,634
	At 30April 2023	12,901,578	1,848,319	3,031,089	161,153	17,942,139
	Depreciation
	At 1 May 2022	3,073,515	1,967,896	2,279,615	116,379	7,437,405
	Prior year adjustment	119,577	(119,577)
	Charge for the year	254,031		147,804	3,941	405,776
	At 30April 2023	3,447,123	1,848,319	2,427,419	120,320	7,843,181
	Net book values
	At 30April 2023	9,454,455		603,670	40,833	10,098,958
	At 30April 2022	9,685,418		675,908	44,774	10,406,100

		Fixtures,
15.	Tangible fixed assets	fittings and
	Charity	equipment	Total
		6
	Cost
	At 1 May 2022	4,459	4,459
	At 30April 2023	4,459	4,459
	Depreciation
	At 1 May 2022	4,459	4,459
	Prior year adjustment
	Charge forthe year
	At 30April 2023	4,459	4,459
	Net book values
	At 30April 2023
	At 30April 2022

Stocks
Group
		2023	2022
		8	6
Household,	estate and goods for resale	118,892	151,518
Charity
The charity	holds no stock.

17.	Debtors
	Group
				2023	2022
				f
	Trade debtors			46,030	700
	Other debtors			829	1,227
	Prepayments		and accrued income	61,545	70,530
				108,404	72,457
18.	Debtors
	Charity
				2023	2022
				f	f
	Amounts	owed by group undertakings		1.405,416	1,845,220
	Other debtors				377
				1,405,416	1,945,597

Creditors: amounts	falling due
within one year Group		2023 E	2022f
Bank loan		284,516	290,294
Trade creditors		432,110	399,595
Other taxes and social security		14,478	1,486
Accruals and deferred	income	620,637	259,638
		1,351,741	951,013

Creditors: amounts	falling due
within one year		2023	2022
Charity
Bank loan		284,516	290,294
Amounts owed to group undertakings		12,403	23,722
Accruals and deferred	income	15,352	7,435
		287,465	321,451

23.	Analysis of net assets between funds	Analysis of net assets between funds
	Group		Unrestricted Restricted			Total
				funds	funds	funds
				8	8	K
	Fund balances at 30 Apdil 2023 as represented		by:
	Tangible	fixed assets	10,098,958			10,098,958
	Current	assets		2,802,383	191,021	2,993,404
	Current	liabilities		(1,351,741)	—	(1,351,741)
	Long-term liabilities			(1,486,209)	—	(1,486,209)
			10,063,391		191,021	10,254,412
	Group
	Fund balances at 30April 2022 as represented		by:
	Tangible	fixed assets	10,406,100			10,406,100
	Current	assets		1,905,740	183,492	2,089,232
	Current	liabilities		(951,013)	-	(951,013)
	Long-term liabilities			(2,069,479)	—	(2,069,479)
				9,291,348	183,492	9,474,840
24.	Analysis	ofnet assets between funds
	Charity	Unrestricted		Total
			funds	funds
			8	8
	Fund balances at 30April 2023as represented		by:
	Current	assets	2,063,097	2,063,097
	Current	liabilities	(287,465)	(287,465)
	Long-term liabilities		(1,486,209)	(1,486,209)
			289,423	289,423
	Charity
	Fund balances at 30 Apdil 2022 as represented		by:
	Current	assets	2,560,477	2,560,477
	Current	liabilities	(321,451)	(321,451)
	Long-term liabilities		(2,069,479)	(2,069,479)
			169,547	169,547

Unrestricted	Unrestricted	funds	At			At
Group			1 May Incoming	Outgoing		30 April
			2022resources	resources Transfers		2023
			f f	f	f	f
General	Fund		(1,700,209)4,828,825	(3,664,781)	510,812	(25,353)
Fixed assets		reserve	3,315,697 -	(152,418)	(848,636)	2,314,643
Designated		Property Reserve	7,675,860	(231,437)	329,678	7,774,101
			9,291,348 4,828,825	(4,048,636)	(8,146)	10,063,391
			At			At
			1 May Incoming	Outgoing		30April
			2021resources f	resources Transfers f f		2022f
General	Fund		(1,604,563)2,777,224	(2,818,661)	(54,209)	(1,700,209)
Fixed assets		reserve	3,176,437 -	-	139,260	3,315,697
Designated		Property Reserve	8,006,517	(244,741)	85,916	7,675,860
			9,578,391 2,777,224	3,063,402	(865)	9,291,348

Unrestricted	Unrestricted	At			At
Charity		1 May	Incoming	Outgoing	30April
		2022	resources	resources	2023
		6	6	8
General	Fund	169,547	304,105	(184,229)	289,423
		169,547	304,105	(184,229)	289,423
		At			At
		1 May	Incoming	Outgoing	30 April
		2021 8	resources f	resources	2022 6
General	fund	150,222	204,032	(184,707)	169,547
		150,222	204,032	184,707	169,547

Restricted funds	At				At
Group	1 May	Incoming	Outgoing		30 April
	2022resources resources Transfers f F f F				2023f
Estate & Buildings		225	(225)
Knowle West Maintenance		2,000	(2,000)
Inglis fund	2,988	20			3,008
Aston Development	22,679			(1,854)	20,825
Mission &outreach		14,259	(105)		14,154
Build the Future	65,921	1,211	(880)	10,000	76,252
Community Project	1,750				1,750
Plymouth Diocese	26,074		(16,256)		9,818
Bursary Fund	882	47,755	(47,755)		882
Provision of Hydro Electric Power	8,381	830	(1,982)		7,229
Special Projects	23,332	250			23,582
Camp Friends	31,485	2,036			33,521
Devon Ministries		160	(160)
	183,492	68,146	(69,363)	8,146	191,021
	At				At
	1 May	Incoming	Outgoing		30April
	2021resources f f		resources Transfers f F		2022f
Estate &Buildings	(855)	1,472	(1,482)	865
Inglis fund	2,938	50			2,988
Aston Development	22,679				22,679
Mission &Outreach		1,250	(1,250)
Build the Future	65,040	881			65,921
Community Project	1,750				1,750
Plymouth Diocese	7,548	38,174	(19,648)		26,074
Bursary Fund	7,805	45,045	(51,968)		882
Provision of Hydro Electric Power	7,261	1,120			8,381
Special Projects	3,332	20,000			23,332
Camp Friends	29,207	2,278			31,485
Devon Ministries		450	(450)
	146,705	110,720	(74,798)	865	183,492