LAY COMMUNITY OF ST BENEDICT Company limited by guarantee TRUSTEES. REPORT AND UNAUDITED ACCOUNTS for the year ended 30 Nw"12022 Charity l$trats)n 11C(638 Company registration 04838564 *ABE7NIIL•, 0811012022 COMPANIES HOUSE "J8DFNg)G' 2710Wi022 OMPANIES HOUSE
114
.iL A19
41
P•Je 1 of 15
LAY COMMUNITY OF ST BENEDICT LEGALAND ADMINISTRATIVE INFORMATION Trustees who held Off during the per•)d ended Aw'l 2022 Alain Anderton {elect&J June 2017) Veronica Baley Iresuned 2021) Patrk Cleary (elected Nov 2018) Catherine Fitrsimons lewed Nov 2018) Laurence Pearce leted Nov 2018) Stephen Serpell (elected Nov 2014. retired 2017. and elected chair Nov 20181 Kenr Adam SirTr)n {eiecbJ Nov 2020 and annualty thereafter) Fr Chris Dobson (egd 2021) Hughes (elected Dec 2021) Secretary & Treasurer Lauren PeaTce. appoirtsd Nov 2018 Admin*tralor Fna Rae wa5 sur%eeded by Petw Agius on 1s1 August 2021 Chafrty numb 110LW8 Company number 4838564 Principal address PO Box 7686 Kettering NN166LP Registered office 2 Egdean Vva Sevenoaks Kert TN13 3UQ Independgnt examiner 7 Curbey Close West ChiAirtgton RH20 2HU Bankers CAF Bank PO Box 289 West Malling Kent ME19 4TA Pa9e 2 of 15
LAY COMMUNITY OF ST BENEDICT Table of Contents LEGAL AND ADMINISTRATIVE INFORMATION .. ...................... TRUSTEES, REPORT ..44 INDEPENOENT EXAMINER'S REPORT TO THE TRUSTEES...................... STATEMENT OF FINANCIALACTIWTIES................... BALANCE SHEET.......................................................................................................... NOTES TO THE ACCOUNTS..... 10-15 Crynpany Nurnber4838564. Charity Nwnter 110CE38 Page 3 of 15
LAY COMMUNITY OF ST BENEDICT TRUSTEES. REPORT FOR THE YEAR ENDED 30 APRIL 2022 The Injstees who are akso directors of the charity for the purposes of the Companies Act 2006 present their rewt and axounts for the year ended 30 April 2022. The accounts have been prepared in &cordan¢e with the xcountin9 pleS set oui in Note 1 to the accounts and compty with the charity's MerIrandurn ar>J ArtleS of AslaIan. applicable law and the uiiements of Accounting and Reportin9 by Charities." Statement of Recommended Practice aPpIable to charrties preparing their accounts in accordance wrth the Financol Reporting Standard applicable in the UK and Republic of IrelandlFRS1021{effectNe 1 January 20151.the CharItS SORPIFRS 1021, the Financi81 Reporting Standard aPp1Kab in the UK and Republic of Ireland(FRS1021. Companie5 Act 201X and the Charrties Act 2011. LCSB'S objects LCSB is a company limrted by guarant and was in¢orptyated on 19 July 2003. It then apPld for and was granted charitable status. Its charity registration nurnber is 11tsJ638. The prineipal actNty of LCSB is the promotion of Benedictine spirrtualty and rts values of prayer. serve. and hosprtality in stable communty. Govemance The comrnunty 15 led, in partnership wrth a Council. by a member. called the Leader of the communty. This role is to ¢olLaborate wrth the council and the corrrfnunty in discerning the 5trategi¢ direction of the LCSB. to work lor the spiritual wellbeing of all membèrs and the communty. to inspire members of the community to deepef spintual ¢ommrtment and to represent the community to both rts rnembers and the outsrde world. The ¢UTrenl leadgr. Adam Simon. has declined an hOnOl, and has been co-opted 35 a Trustee. The Truste•s The Tru$lees are tho twst88s of thè LCSB as a charitable body. reporting as appropriate to the Charities Commission. and also the directors of LCSB Limited, reporting to the" Registrar of cOnni&s. They are PTimarity concerned with legal and regulatw ctrnpliance and submission of the stutory annual report and accounts. Together wrth the Leajer and Councrf Tru51ees deal wrth employment and contractual issues. data protecti)n, ensuring adequate safeguarding. and taking m8jor financial decisions. Trustees generalty serve for three yeats but may b8 re4e¢ted for a fvrther three years. The cn¢11 puts forward norninees for consideration for vacaftcies but electbJn 15 by the Trustees. At the Trustees AGM in Decembef 2021 VerCra Bai resNJned as a trustee and Fr Chris Dobson and Aidan Hughes were cckopted as Iruslees. During the perKvJ ur¥Jer review the progress of the t)evebpment Plan was monitored. In addrtion there was a iolling reviow of pKJlKies. the addffi of new poli¢s wheo wuired. and an annual update lo th8 Risk Re9iSter Training in the duties and responsibilittes of Trustees aThl conyany directors is an on-goiThJ press. A Risk Re9iSter of p0sble threats to the organisalion is maintained and regulaty reviewed by the Council and Trustees. The Trust5 are salisffied Ihal the resewves hehl by the organtsation are at an appropriate kvel lo maintain conlinuty even in the event of a major internjption to income streams and in line with our reser policy. They Jo not seek to IrKrease theffl further. No Twslee is paid for their service5. As in prewous years the Safeguarding 01fer has rev•ed the Safeguarding and training requirement5. A$ a result. all officfrholders and lers have reLeNed fornial safeguarding training. comp Number4838564, Charty Num¢ 11rK6 Pagè4of15
LAY COMMUNITY OF ST BENEDICT Achievernents and perfom)an Finance LCSB is fvrKled essentsalty by (knnations from ffmbers. Ouring the periLJ under review, the LCSB has wn small deficrt, of £2,696, as antIpated under Developrrnnt PLgn approved at the 2020 E.G.M. Expenditure on yth DeveloprrnI rose to £25.8. As a resu the conditions of ts grant from Porticus were met in fvll both as regards giant spend and as regards matchin9 LCSB spend. During the pericJ under review LCSB continued to empby an Administrator on a part-time basis for 1S h¢xJrs a week and a Finance & Bc#)kings Secretary for 7 'A hours a week. The Adminislralor and Finance and Bookings se¢retary have pernianent signed contracts. and reFoI to line managers. In additn. a Discipleship aThJ Digital Coordinaior is employed on a hvelve tYM)nlh contracl, reporting to Adam Simon. Review of financial positlon: during the year covered by these accounts the LCSB PrU¢¥d a deficit of £2,696 {as against a surplus of £12.032 in the prrteding peritsJl, as shown in the Statement of Financial Activities on page 8 of these accounts. New Membe New membefs result from enquiries frun friends of members. from the website and from the reaching ol age 16 of family members. There ts a peric#J of format)n supported by a companion that may pr¢xeed after about a y&ar lo full membership. marked by makiThJ a promise at a ¢emOnY. Largely as a result of the Devekjprnent PLAn. the number of rnber$ during the year under review has increased from 185 10 201. Enquiries reced by the Adminislrator have also increased, mainly from the website and the personal c£ytscl of members. Council and Organisational Framework: there is a CYC of four Council Meetings. linked with tsyice a year Trustee meetings, and Team Leaders. meetings, devsed to maximise the use of peoples. time. and minimise travel expenses. All meetings in the peric¥J under revww weo conducted either by Zoom or were hybrid meetings, partly by Zwm and partly in person. embers are encouraged to be in at least one of ten Teams.. Chaplaincy. Enquirers and Formation, Spirr(ual Devek)pment, Events, Marketing an¢J Oulreach. Liturgy and mus. Regb)nal Devebpmenl. Fund-raising, Web and Youth Devebpment. In 2021 a new team structure was laurKhed" team aderS. who serve for three yeats, renewable for a further three yeats, are now 5UPPOrted by a small workgroup. which helps ensure that they are well supported in the core xlivilies of their teams. Members are invrted to contribute lo one of the teams but are no longer allocated. Currenlly. 79 Mem[$ are actNety involved in the worft of team5. council or Iruslees. The Leader is electtrj by meners of the Community w three>years and the current le8derfs three-year tomi will run unlil the Trxtalus at the Summer GatheriThJ and AGM in summer 2023. Our mission is 10.. Nurture the spiritual lrfe of members rcr)te(l inprayèr. work. the tosbef4nd the Rule of Sl Benedict Actjoyfully as missionary disciples. going OLrt as indNhluals and communty lo those in need Be a beacon of inclusion Encourage young people into the kn arKI love of Christ A briof ¢)verview of the yearfs actNities.' The CO actNrty of the Community is a daity routine of online ptsy, now six limes a day and supplemented by regular formatKJn meetings during the vthk, and an e¢uMenal service on Sunday LCSB roles." Adam Simn will complete the second year of hB term of off in summer 2022. Fil Rae retired after eight years, service in August 2021 and was replaced as LCSB Administrator by Peter Agius Emily Westlake has been in post since May 2020. In 2021 the Communty ceEebfated 50 years since rts fw)dation by Worth Abbey. This concluded in December 2021. after a year of celebratn$ and talks. with a communty Serv of thanksgiving. Cwpany Number 4&38S64. Chanty Nunber 11C(638 Paqe 5 of 15
LAY COMMUNITY OF ST BENEDICT In Aust 2021 a book was published to commemorate the SCTr anniversary, entitled 'The Lay Communty of St 8enedict - A Short Hi%lory 1971-2021,. Thts history was compiled wrth input from many drfferenl conlribulors br¢)Ught t¢)gether by Martin Hollin$. It is available on Amazon. As a resutt of the 2020 Appeal for irKreased income to fvnd the Devdopment ptan, donations of £14,837 Wore Inc¢)me Tax Reclaimable were receNed in the year under review. Youth Developwl Plan and PortU$ Grant.. POrtuS gave a grant of £35.000 tvwards the project 'Young Lay Formation in the mlands.. The rtrd was ortr3inaLly to Cover the project for a peric¥J of years with a commrfment for the LCSB to match the funding in the third year. In January 2019 Porticus 4reed that the period of the grant be extended for a fvrther two years, tt) mid-2021. The target was mel at the end of Octthr 2021. The Diseipleship artd Digital Coordinator, fiJrbJed by the Portuls gra)l and LCSB funds. has made Significant ¢onlribulion lo the lrfe of the communty. grLwng our young aduAs group. supporting the teens, activity, and prodwThJ and other dyrtal outputs. In earfy 2022 the LCSB, at the invrtalion of Pope Francis. explored syncvJalty as an ecumenical ¢cKnmunity in a number of con$ultatKJns, culminating in a report which was subrnitted lo the Archdiocese of BiTmin9ham and the DrKese of Arundel and Brhlon. In March 2022 the new LCSB website was completed wrth the addrtion of six videos inlroduGing the lrfe of the ccffnmunty. Wrth a m&Jem Interface and look. the LCSB ts now easier lo g&t to know and cess. The websrte also serves as the hub of our online prayer and community life. The Easter TriduLtm 2022 which twk place at Cefn Lea was the fIt time that the ctynmunty had gathered physi¢alty since 2019- 105 members and their familw attended, a record number in recent yews. LCSB PoIleS." Council and Trustees ievkewed the LCSB'S pdicies during the year. updaled 50rne and added a number of new pol¢cies to ensure surt*• coverage of all areas. Basls of preparatlon of this report Thi$ report has been prepara in accordan with the specol provtsions of Part 15 of the Conwanies Act . 20C6 relating lo srnall conwnies.. The Trustees, Report was approved by the Board of Trustee5 C 2022 Trustee and Director Sferw rinlN Trustee and Director Print Name Company Numtw4838564. Chanty Numtw 11C(638 Page 6 of 15
LAY COMMUNITY OF ST BENEDICT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I feFort on the accounts of the Lay Cunmunty of St Benedict (LCSB) for the year ended 30 April 2022. whtch are sel out on pages 8 to 14. Responslbilities and basis of report As the Trustees of the LCSB (and also its directOf5 for the purposes of Conwany Lawl you are responsible for the preparation of the accounts in a¢dance with the requirements of the Companw Act 2006 Ilhe 20C6 Ad'l Having Satisf myself that the accounts crf the LCSB ¥e nc* required to be audrted under Part 16 of the 20C6 Act and are elwible for independent examinat. I reFQrt in respect of my examination of your charty's accounts as carried OLrt urtder sectK)n 145 of the CharItS Act 2011 ('the 2011 Act'l. In Carrying out my examination I have followed the Directn$ gNen by the Charity Commission under sectKJn 145151 {b} of the 2011 Act. Independent examiner's stslemenl I have completed ry examination. I confimi that no rnatte have CGme lo my attentn in connedKJn wrth the examination giving cause lo believe". 1. Accounting rerdS were not kept in respect of the LCSB as required by section 386 of the 2006 Act.. or 2. The accounts do not accord with tho$e records., 3. The accounls do not compjy with Ihe accounting requirements of sect 396 of the 20(6 Act other than any reqUIrnI that the accounts gNe a true and lair ViV4¥ which is not a matter considered as part of an indewdenl examination.. or 4. The acwunts have nci been prepared in accordance wrth the methods and principles of the Statement of Rec(ymmen¢Jed Practs'ce for accounting and reporting by charrtie5 applicab to charities prepariThJ their accounts in accordance with the Financhal Reporting Standard applicable in the U.K and republ of Ireland IFRS 1021. I have no crN)cems and have como acrckss no other matters in connection with the examinab'on to which attention shoukj be drawn in this report in order to enabk a proper understanding of the accounts lo be reached. Signed.. Dated: 2022 A Radiwd, Charted Accountan¢ 7 Curbey Close Wesl Chiliington RH20 2HU Company Numbtr4838W, Charty Number 1ICth38 Page7of 1S
LAY COMMUNITr OF ST BENEDICT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YE4R ENDED 30 APRIL 2022 Notes Genernl Restricted funds funds Totsl 2022 Totsl 2021 INCOME FROM: Donatn5 lalll General Fund Donations lalll DeveloKxnent Fund Donations (Youth Oevelopment furKI) Donations (Gcoj WcAks fund) Fundraising Activrties Gift A*J refvnd (GenerDeVeloplrntl Gift Ajd refvnd Iyouth Dev ful) Gift AKI refund (Good Work$ fund) Charitable aGINitYéslOther Investment Incr 18,905 14.837 18.905 14,837 2.749 17,607 7,984 3,866 228 2.749 180 141 6.428 141 6,428 637 45 22.299 4,529 637 45 45 1,921 40 37,196 22.299 Total 62.617 3.611 66.228 EXPENDITURE ON: Charitable a¢tivitios Direct Chaniable aclivitses TOTAL: 43.028 43.028 25,896 25,896 68,924 68,924 25,164 25,164 NET INCOME 19.589 122.285) 12.696) 12.032 Transfer btheen fun(Is 1706) 7C6 NET MOVEMENT IN FUNDS FOR THE YEAR 18.883 121.579) 12.6961 12,032 RECONCILIATION OF FUNDS: Opening fund baknce5 CLOSING BALANCES 7S.393 94.276 24.682 3.103 100.075 97,379 88,043 100,075 Company Number 4838564, Chanty Number 11(NM8 Pagè8of15
LAY COMMUNITY OF ST BENEDICT BALANCE SHEET AS AT 30APRIL 2022 30.04.22 30.04.21 Current assets Debt 7.865 6,189 Cash al bank and in hand 110.549 118.414 96,479 102.668 Credltors: amounts due wlthln ono year 12 (21.035) 12.593) Net current assets 97.379 100,075 Total assets less current liabililies 97,379 100.075 30.04.22 30.04.21 Funds UnrestrScted funds General lund Restrlcted funds Youth Developrrenl fvnd Good Works fund 13 94,276 75,393 21,804 2,878 100,075 3.103 97.379 For the 12 month peri(*J erKled 30 April 2021 Lay Communrty rA St Benedict ILCS8) was entitled to exemption under 477 of the Companies Act 2006. No members have required LCSB to obtain an audit of its accounts for the period in qUeStn in acCA)rdan with section 476. The Trustees Xknowledge their fe5ponsibilty for.. ensuring LCSB keeps accounliwvJ records whKh ¢c#mply with sect$ 386 and 387.. and preparing accounts which give a and fair vie•¥ of the stale of affairs of LCSB a5 at the end of ils finan¢ial accounting period and of ts In)ming resources and application of resources, including ils income an(J expeftdrtu, for the financial accounting period in accordance wrth sections 394 and 395, and which otherwise comply wth the requirements of the Companies Act 2006 relating to accounts. as f as applicable to LCSB. The accounts were approved by the Board of Trustees on 10th August 2022. Trustee and Director ned Truslee and Director ned Ccmpany Nunber 48S8W. Charty NLmbèr 11638 Pagè9of15
LAY COMMUNITY OF ST BENEDICT NOTES TO THÉ ACCOUNTS FOR THE YE4R ENDED 30 APRIL 2022 IcomparatNes are for the 12 months ended 30 AprTrl 20211 Accounting policies Basis of preparatlon The ac¢ount$ have been prepared in accord with the charty's Memorand and Artths of Assocthbon, the Ccmpanies Act 20C6 and 'ACUntIng and RepoitirvJ by Chanties.. Statement of Recommended Practice applicable to charrtw preparing their accounts in rdance with the Financial Reporting Standard applicable in the UK and Republic of Ijaftd {FRS 1021 (effective 1$1 January 20191.. The ch¥ty is a Public Benefft Entty as defined by FRS 102. The charity has tsken ats9e of ts pro¥is)ns in the SORP lor charitie$ apptying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Fkws. In¢ome Donations and similar Incomm TrSOUfces are ¢1ed in the pefiod in whh they are received. Expendltur• EyendrtU is irduded when irKuffed. Chantabb expenditure comprises those costs Ir[red by the charity in the d8lNery of its ¥lNies. Support ¢ost$ include offi¢e running $ts. as well as staff costs. They aL80 indude the governance costs ass¢ciated with meeting the nsIrttIOnal and statutory wuirements of the charity. Tanglble fixed assets Only assets cosbng more than £250 a capitalised. Taxation The ¢harty is exempt from corporth Tax oi lis tharlable ¥tNities. Fund accounting Unrestricted Funds can be used for any charitable obJ"eth"¥e5 at the dtSCtetion of the Trustee5. Restricted Funds Can onty be used for partUr restricled purposes wthin the objects of the charity. RestriCtS arise when speafied by the donor or when funds are raised for partular purposes. Cwp3ny Number4836564. Chanty Numbet 11(Th38 Page 10of 15
LAY COMMUNITY OF ST BENEDICT Donations sumrnary 2022 2021 General Fund 18.905 17.607 Development Fund 14.837 7,984 Youth Development Fund 2,749 3,866 GI1 Works ProjKt Fund 180 228 Total 36.671 29,685 2a Youth Oevelopment Fund Fund set LV in 21)0516 to supwt for young people. 2b Good Works fund Fund set up in 2tsJ516 to support specffic 'GocMJ Works. in accordance with the objects of LCSB {V*ilh Speal focus on support for the s. and for woths of education and training}. Investment Income Investment income consisled of Bank inteiesl •xl interest on Tox Refunds èmounting to £7 {2021'. £401 Incoming resources from charitable activitles During the year under reVW the Easter celebratK)ns We COfK1ued physicalty. at Cefn Lea. Income from the event was £14.044. Ouring the year under review the income from other events was £5,255 land in the period ended 30 April 2021 where all events were 'virtual' income was £7621. There was also a Legacy of £3.OCKJ received frrxn the esme of a former member. c(panY Numbar 4838W. Chaity Nurntw 11(K638 P8ge11 of15
LAY COMMUNITY OF ST BENEDICT Charitablo Activities Costs and Support costs Note Direct costs Support costs Totals Payments for from enyioyees 2.244 12.724 14,968 1.144 1,144 , publition and website costs 1,409 1,409 Other event costs 23,610 23,610 Youth wo 10 25.8 25,896 500 Donation to P8le$line ryphanage Govemance Costs- rneetg expenses 1.397 1,397 $2.250 16,674 68,924 Net in¢om• Net income is ststed after charging 2022 2021 Independent examinws fees 57 57 Trustees Remuneration and benefits None of the Trustees l Directors of LCSB (and no petson ¢onne¢ted with any of them) ffj¢eNed any remuneration from LCSB during the year. Travel and meetirvJ expenses are inclLwJed in Governce Costs, some of which have been reimbursed by LCS8 to Twstees 8rtd Council ffrrers. Payments for s•tv1$ and honorniia and youth dev•k>wnent project work Payments for services represent salary paymenls under permanent ¢ontra¢ts for the part-time services of an Administrof and a Boc&ingslFinance administrator. plu5 Me sixth of the personnel cosls of a DISCIphlp and Dwjrtal Cc)r(1inalor. No honoraria payffnts were made during the peric1. EaeT and lorrnalion weekends and relaled experws During the yesr under review the pbnned Easter celebration for April 2022 took place 'phy$ically' at Cefn Lea for the first lime in three ye•s. Tcrtal costs were £18,677 before irtcome and subsidies. and £4.673 more than inccffle. During the year under review the costs of othw events and lated expenses paid from the General Fund were £4.933 land in the penod ended 30 April 2(r21 We £7211. Crynpany Nwnber 48J8564. Chaiity NLtmter 11CI%38 Pag• 12 of15
LAY COMMUNITY OF ST BENEDICT 10 Youth WO (from Porticus grant and LCSB funds) A tclal of £25,8 was spent during the year. The main headings of Èxpenditure were as follows.. Discipleship and DKJital Coordinalor- fve SLxths of sa Cokjur and Shape £11.223 £2,779 in 202¢)r21 £7.683 £2.317 in 2020r21 Debto The Debtors as * the B*ance Sheet date are made up as follows". 2022 2021 Glft aid rendS General Funds 6.428 4.529 Youth Oeveh)pment FuTrJ 637 Gotyj Works Furnl 45 7.110 5.414 Prnpayments 755 Total 7.865 6.189 12 Credlto The credrtots as at the Balae Sheet date relate to the General Fund and are m•ae up as follows". 2022 2021 Easter 2020 repayments Easter 2022 costs 2CN) 15,083 her Total 21.035 2.S93 Ccmpany Nurnber 4838W. Chanty Numbèr 111x638 Page 13of15
LAY COMMUNITY OF ST BENEDICT 13. Movements of Funds Opèning Balance IncoTh Expondilure Transfers Closing Balance 01.05.21 30.04.22 General Fund 75,393 62,617 (43,028) (7061 94.276 Restrlcted Funds Youth Development Fund Pcvlus Youth Deveh)pmenl FurKJ - LCSB Gooj Works Fund 8,405 {8.405} 13,399 117,491) 706 2.878 22S 3,103 24.682 3.611 125,8) 706 3,103 Total Funds 100.07S 66.228 (68.924) 97,379 Youth development Fun& Porticus Grant given by Port¢us ttyvards the proiect"Young Aduli Lay Fcrfmation in the Midlands" Youth Development Fund- Other Fund set up in 2¢X)6 to $UFQ(Xt for young pecple. Good Works fund Fund set up in 2CK)516 to supp)rt $ifiC 'Good Iwlcrfks. in aCclanCe vrth the 0.eCts of LCS8 (with spetsal focus on support for the sth. aml knrrf(s of educatKJn and training). Company Nurnber4838W. Chanty Number 110C638 Pag• 14 of15
LAY COMMUNITY OF ST BENEDICT 14. Analysls of Not Assets betwn Funds Debtors Cash at Bank Creditors Total General Fund 7.820 107.491 {21,035} 94,276 RestrScted Fund Youth Development Fund- port$ Youth Devekjpfflent Fund- LCS8 Good Works Fund 45 3.058 3,103 45 3.058 3,103 Total 7.865 110.549 121.03SI 97.379 Cc¥Mpany Numter 4838W. Charity Numter 11138 Pa98 15of1S