2020-12-31-accounts - Leeds Church Institute (Incorporated)

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TRUSTEES	Reverend 5J C Coriey
	P J Sandbach
	A Bland
	Reverend 5 A Hancox
	Reverend J D Cortis
	Canon A D Nicholl
	Reverend 5 M Shaw
	R Mapanga (appointed	28/09/2020)
	LGroenewald (appointed		28/09/2020)
	J V Betts (resigned 28/09/2020)
	A E Beal (resigned 28/09/2020)
	Reverend M Harwood	(resigned		18/05/2020)
REGISTERED OFFICE	20 New Market Street
	Leeds
	LS16DG
REGISTERED COMPANY NUMBER	00155840 (England and		Wales)
REGISTERED CHARITY NUMBER	220966
SENIOR STATUTORY AUDITOR	Christopher Darwin FCA
INDEPENDENT AUDITORS	Thomas Coombs Limited
	Statutory Auditor
	Chartered Accountants
	3365The Pentagon
	Century Way
	Thorpe Park
	Leeds
	West Yorkshire
	LS158ZB
OPERATIONAL STAFF
Director	Dr Helen Reid
Learning Centre Manager	Paul Mann (until 31/12/2020)
Administrator	Miriam O'Keeffe
Media and Events Coordinator	Lawrence Cockrill (until		31/01/2020)
Learning Centre Assistant	Karen Horner (until 31/05/2020)
Events Assistant	Bethany Roberts
Venue Assistant	Leo Joslin (until 31/07/2020)

						2020	2019
				Unrestricted	Restricted	Total	Total
				funds	fund	funds	funds
			Notes	E	E	E	E
INCOME FROM
Donations and legacies							35,050
Charitable activities
Licence fees				267		267	1,069
Other income				21,775	3,650	25,425	950
Investment income				207,766		207,766	224,500
Total				230,041	3,650	233,691	261,569
EXPENDITURE ON
Raising funds				112,053		112,053	63,872
Charitable activities
Employee costs				105,045		105,045	85,311
Direct costs				81,609	3,650	85,259	58,310
Premises costs				15,308		15,308	10,007
General administrative		expenses		54,977		54,977	49,640
Support costs				24,256		24,256	21,834
Total				393,248	3,650	396,898	288,974
NET EXPENDITURE (before gains on Investments)				(163,207)		(163,207)	(27,405)
Net gains on investments				289,488		289,488	646,274
NET INCOME				126,281		126,281	618,869
RECONCILIATION	OF FUNDS
Total funds brought forward				6,188,870		6,188,870	5,570,001
TOTAL FUNDS CARRIED FORWARD				6,315,151		6,315,151	6,188,870

					2020	2019
			Unrestricted	Restricted	Total	Total
			funds	fund	funds	funds
		Notes	E	E	E	E
FIXEDASSETS
Tangible assets		13	488,313		488,313	479,478
Investments
Investments		14	5,741,058		5,741,058	5,571,570
			6,229,371		6,229,371	6,051,048
CURRENT ASSETS
Debtors		15	71,254		71,254	118,697
Cash at bank			56,513		56,513	32,305
			127,767		127,767	151,002
CREDITORS
Amounts falling due within one year		16	(41,987)		(41,987)	(13,180)
NET CURRENT ASSETS			85,780		85,780	137,822
TOTAL ASSETS LESSCURRENT LIABILITIES			6,315,151		6,315,151	6,188,870
NET ASSETS			6,315,151		6,315,151	6,188,870
FUNDS		17
Unrestricted	funds:
General fund- free reserves					85,780	137,822
Designated-	fixed asset				6,229,371	6,051,048
					6,315,151	6,188,870
TOTAL FUNDS					6,315,151	6,188,870

							2020	2019
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					E	E	E	E
Sundry income					21,775	3,650	25,425	950
INVESTMENT INCOME
							2020	2019
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					E	E	E	6
Net rents	received				58,625		58,625	71,820
Investments					149,141		149,141	152,680
					207,766		207,766	224,500
INCOME	FROM CHARITABLE ACTIVITIES
							2020	2019
							Licence	Total
							fees	activities
							E	E
Licence fees							267	1,069
RAISING	FUNDS
Investment		management		costs
							2020	2019
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					f	E	E	E
Staff costs					8,132		8,132	6,013
Property	management		and related fees		9,883		9,883	9,000
Property	costs				94,038		94,038	48,859
					112,053		112,053	63,872

CHARITABLE ACTIVITI	ES COSTS
		Support
		costs (see
		note 8)
		E
Employee costs		105,045
Direct costs		85,259
Premises costs		15,308
General administrative	expenses	54,977
Support costs		24,256
		284,845

			Education,
			research,
			events
			dissemination	Governance
			5grants	costs	Totals
			E	E	E
Employee costs			105,045		105,045
Direct costs			85,259		85,259
Premises costs			15,308		15,308
General administrative		expenses	54,977		54,977
Support costs			18,976	5,280	24,256
			279,565	5,280	284,845
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
				2020	2019
				E	E
Auditors' remuneration				5,280	4,338
Depreciation -owned assets				8,260	6,553
Other operating	leases			46,875	37,680

STAFF COS	TS
			2020	2019
			E	E
Wages and	salaries		120,223	147,469
Redundancy	costs		16,000
Social security			10,321	8,380
Other pension costs			13,059	15,191
Recharged	to LCI Trading	Limited	(28,548)	(64,987)
			131,055	106,053

2020	2019
5	6

	No employees received	emoluments
12.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			funds	fund	funds
			E	E	E
	INCOME FROM
	Donations and legacies		35,050		35,050
	Charitable activities
	Licence fees		1,069		1,069
	Other trading activities		950		950
	Investment income		224,500		224,500
	Total		261,569		261,569
	EXPENDITURE ON
	Raising funds		63,872		63,872
	Charitable activities
	Employee costs		85,311		85,311
	Direct costs		58,310		58,310
	Premises costs		10,007		10,007
	General administrative	expenses	49,640		49,640
	Support costs		21,834		21,834
	Total		288,974		288,974

12.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -	continued
			Unrestricted	Restricted	Total
			funds	fund	funds
			f	E	E
	RECONCILIATION OF FUNDS
	Total funds brought forward		5,570,001		5,570,001
	TOTAL FUNDS CARRIED FORWARD		6,188,870		6,188,870
13.	TANGIBLE FIXEDASSETS
			Fixtures
		Freehold	and
		property E	fittings E	Totals f
	COST
	At 1January 2020	433,333	221,828	655,161
	Additions		17,095	17,095
	At 31December 2020	433,333	238,923	672,256
	DEPRECIATION
	At 1January 2020		175,683	175,683
	Charge for year		8,260	8,260
	At 31December 2020		183,943	183,943
	NET BOOK VALUE
	At 31December 2020	433,333	54,980	488,313
	At 31December 2019	433,333	46,145	479,478

					Investment	Shares in group
					property	undertakings		Investments	Totals
					E	E			E
MARKET VALUE
At 1January 2020					866,667		1	4,704,902	5,571,570
Disposals								(120,000)	(120,000)
Revaluations								289,488	289,488
At 31December 2020					866,667		1	4,874,390	5,741,058
NET BOOK VALUE
At 31December 2020					866,667		1	4,874,390	5,741,058
At 31December 2019					866,667		1	4,704,902	5,571,570
There were no investment	assets outside the UK.
Investments
The investments comprise:
CCLA Investment Management		Limited						2020	2019
								E	E
The CBFChurch of England	Investment			Fund
197,294.91(2019:199,810.05)		Income		Shares				4,042,040	3,830,179
The CBFChurch of England	Global Equity Income Fund
111,290.99(2019:138,880.65)		Income		Shares				293,441	307,621
The CBFChurch of England	Property		Fund
416,435.67(2019:416,435.67)		Income		Shares				538,909	567,102

										2020	2019
										E	f
	Trade debtors									1,293	923
	Amounts	owed			by group		undertakings			5,437	57,802
	Prepayments			and accrued income						64,524	59,972
										71,254	118,697
16.	CREDITORS:		AMOUNTS				FALLING	DUE WITHIN ONE YEAR
										2020	2019
										E	f
	Trade creditors									14,117	5,870
	Other creditors									1.333	1,333
	Accruals	and		deferred		income				26,537	5,977
										41,987	13,180
17.	MOVEMENT			IN FUNDS
										Net
										movement	At
									At 1/1/20	in funds	31/12/20
									f	f	f
	Unrestricted			funds
	General	fund-		free reserves					137,822	(52,042)	85,780
	Designated-		fixed asset						6,051,048	178,323	6,229,371
									6,188,870	126,281	6,315,151
	TOTAL	FUNDS							6,188,870	126,281	6,315,151
	Net movement				in funds,		included	in the above are as follows:
								Incoming	Resources	Gains and	Movement
								resources	expended	losses	in funds
								f	f	f	f
	Unrestricted			funds
	General	fund		—free reserves				230,041	(393,248)	111,165	(52,042)
	Designated-		fixed asset							178,323	178,323
								230,041	(393,248)	289,488	126,281
	Restricted funds
	Grants							3,650	(3,650)
	TOTAL	FUNDS						233,691	(396,898)	289,488	126,281

	Land and buildings	Land and buildings	Other operating	leases
	2020	2019	2020	2019
	E	E	E	E
Expiring:
Within one year			790
Between one and five years				2,369
In more than five years	1,462,500	1,500,000
	1,462,500	1,500,000	790	2,369

				2020	2019
				E	E
INCOME
Donations and legacies
Gift aid					34,230
Subscriptions					820
				233	35,050
Other trading activities
Sundry income				25,425	950
Investment income
Net rents received				58,625	71,820
Investments				149,141	152,680
				207,766	224,500
Charitable activities
Licence fees				267	1,069
Total incoming resources				233,691	261,570
EXPENDITURE
Raising funds
Staff costs transferred	from support		costs	8,132	6,013
Property management	and related fees			9,883	9,000
Property costs transferred		from premises costs		94,038	48,859
				112,053	63,872
Charitable activities
Employee costs
Staff salaries				95,676	127,093
Pensions for charitable		staff		13,059	14,044
Redundancy costs				16,000
Employers Nl				7,761	6,555
Staff costs recharged	to	LCI Trading	Limited	(28,548)	(64,987)
Training and welfare				1,002	2,191
Travel and subsistence				95	415
				105,045	85,311
Direct costs
Conferencing and catering costs				172	122
Reading materials				1,027	1,233
Events and seminars				30,789	20,453
Resource costs				36,972	28,779
Marketing services				16,299	7,723
				85,259	58,310

Premises costs					2020	2019
Insurance					11,490	13,473
Light and heat					24,956	33,134
Rates					6,962	6,550
Cleaning and refuse					21,520	35,683
Repairs					35,298	34,456
Security					9,120	1,950
Property costs	recharged		to LCI Trading	Limited		(66,380)
Property costs	transferred		to costs of raising funds		(94,038)	(48,859)
					15,308	10,007
General administrative		expenses
Telephone					3,247	2,776
Postage and stationary					4,752	6,594
Subscriptions					704	1,195
Equipment expenses					22,112	16,197
Accountancy					2.213	3,764
Legal and professional					8,&45	11,110
Sundry expenses					4,718	1,270
Depreciation					8,260	6,553
Bank charges					126	181
					54,977	49,640
Support costs
Volunteer expenses						161
Administration	salaries				24,547	20,376
Pension costs						1,147
Employers Ni					2,560	1,825
Staff costs transferred		to	costs of raising	funds	(8,132)	(6,013)
Auditors remuneration					5,281	4,338
					24,256	21,834

			2020	2019
			E	E
Total resources	expended		396,898	288,974
Net expenditure	before gains and losses		(163,207)	(27,405)
Realised recognised		gains and losses
Unrealised gains	on	investments	289,488	646,274
Net income			126,281	618,869