| Page | ||
|---|---|---|
| Reference and Administrative | Information | |
| Trustees' Report |
||
| Independent Auditors' Report |
to the Trustees | |
| Consolidated Statement ofFinancial Activities |
12 | |
| Charity Statement ofFinancial | Activities | 13 |
| Balance Sheet | 14 | |
| Consolidated Statement ofCash Flows |
15 | |
| Notes to the Accounts | 16 |
| Unrestricted | Unrestricted | Restricted | Endowment | 2021 | 2020 | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Total Funds | Total Funds | |||
| Notes | |||||||
| Income and endowments | from: | ||||||
| Donations and legacies |
171,980 | 181,271 | 133,914 | ||||
| Charitable activities |
391443 | 391.443 | 459,740 | ||||
| Other trading activities |
3,719,266 | 3.719,266 | 3,720,846 | ||||
| Investments | 3 | 1,198,316 | 6 889 | 1.205,205 | 940.071 | ||
| Other | 3,630,931 | 3,630,931 | 3,915.401 | ||||
| Associate —share ofnet profit |
911,644 | 911,644 | 1,251,659 | ||||
| Joint venture - share ofnet | profit | ||||||
| Total income | 10,023,580 | 9391 | 6,$S9 | 10,039,760 | 10,421,631 | ||
| Expenditure on: |
|||||||
| Raising funds | 6 | 3,478,732 | 2.289 | 3.481,021 | 3,8?7.265 | ||
| Charitable activities |
7 | 6,460,689 | 9,291 | 149 | 6470,129 | 6,036,391 | |
| Total expeuditure | 9+39,421 | 9~91 | 2,438 | 9+51,150 | 9+13,656 | ||
| Net income and net movement | in funds | ||||||
| before gains and losses on hn estments | 84,159 | 4451 | 88,610 | 507 975 | |||
| Yet gainsl posses) on investments | 7,642,174 | 76,150 | 7,718,324 | 2,691,195 | |||
| Transfers between funds |
33,466 | (33,466) | |||||
| Net income (expenditure) | and | ||||||
| net mm ement in funds | 7,759,799 | 47,135 | 7,806834 | 3.199,170 | |||
| Reconciliation offunds: | |||||||
| Total funds brought forward |
75,845 944 | 1,951,571 | 7,887,023 | 85,684,538 | 82,485,368 | ||
| Total funds canied forward | 83.605,743 | i+51,571 | 7+34,158 | 93,491,472 | 85,684,538 |
| Charity Statement of | Financial Activities | Financial Activities | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | 2021 | 2020 | ||
| Funds | Funds | Funds | Total Funds | Total Funds | ||
| Notes | f. | |||||
| Income and endowmeuts | from: | |||||
| Donations and legacies |
171,980 | 9.291 | 181271 | 133,914 | ||
| Charitable activities |
406,265 | 406,265 | 482,137 | |||
| Investments | 3 | 1,990,255 | 6.889 | 1,997.144 | 2541,608 | |
| Other | 3,345,715 | 3,345,715 | 3,663,544 | |||
| Total income | 5gl4gl5 | 9391 | 6,S89 | 5830,395 | 6,821303 | |
| Expenditure on: |
||||||
| Raising funds | 6 | 301,590 | 2,289 | 303.879 | 246,065 | |
| Charitable activities |
7 | 6.520.416 | 9,291 | 149 | 6,529,856 | 6,080,538 |
| Total expenditure | 6,822,006 | 9/91 | 2,438 | 6,833,735 | 6/26,603 | |
| Ivet (expenditure)/mcome | aud uet movement in funds |
|||||
| before gains and losses | on investments | (907,791) | 4451 | (903,340) | 494,700 | |
| Net gains!(losses) on investments | 7 642.174 | 76 150 | 7 718,324 | 2 691 195 | ||
| Transfers between funds |
33.466 | (33,466) | ||||
| Net income (expenditure) | and | |||||
| net movement in hmds |
6,767,S49 | 47,135 | 6,814+84 | 3,185,S95 | ||
| Reconciliation offunds: |
||||||
| Total funds brought forward |
64,816,691 | 1,951571 | 7 887,023 | 74,655,285 | 71.469.390 | |
| Total funds carried fonvard | 71,584,540 | i+51,571 | 7+34,158 | 81,470269 | 74,655385 |
| (Held in connection ivith th A31"b2021 |
e religious conununity | ofBenedictine | Monks established at | StMary 's Abbey, Buck | fast, Devon) | fast, Devon) | |
|---|---|---|---|---|---|---|---|
| s at Octoer | Charity Commission | Number 232497 | |||||
| Balance Sheet | |||||||
| Group | Group | Charity | Charity | ||||
| 2021 | 20'IQ | 2021 | 2020 | ||||
| Notes | |||||||
| Fired assets: | |||||||
| Tangible assets | 11 | 23919.508 | 24.781,616 | 23.724.409 | &7.495,937 | ||
| Investments | 12 | 47.476399 | 39305681 | 50,675,341 | 42 504623 | ||
| Investments in associate |
|||||||
| Share ofnet assets | 14 | 14.627.566 | 13.975 121 | ||||
| Investments injoint |
venture. | ||||||
| Share ofnet assets | 15 | 5,436.406 | 4,146,682 | ||||
| Total fixed assets | 91,459,879 | 82~~09,100 | 74@99,75Q | 67,000%60 | |||
| Cunwnt assets: | |||||||
| Stocks | 154~OS | 198,776 | 23367 | ||||
| Debtors | 17 | 2.054203 | 3074 '711 | 3,513)89 | 4036,064 | ||
| Investments | 12 | 1,764,383 | 2,043 418 | ||||
| Programme related investment |
1S | 6,852,117 | 7,425 907 | 6,852,117 | 7425 907 | ||
| Cash on short tenn deposit | 2.965462 | 2 559496 | 2,965.462 | 2a59496 | |||
| Cash at bank and in hand | 321,892 | 272 351 | 172P00 | 15S,523 | |||
| Total currant assets | 14.112~65 | 15,574,159 | 13l 7.433 | 14199234 | |||
| Liabilities: | |||||||
| Creditors —Amounts |
fatling due | ||||||
| within one year | 19 | 3518772 | 3286221 | 1/06 916 | 1044509 | ||
| Net current assets | 10%94,093 | 12~$7/38 | 12320~19 | 13,154,725 | |||
| Total assets less cun ent liabilities | 102,053+72 | 94,497,038 | 86,72Q +69 | 80,155 +85 | |||
| Creditors - Amounts | falling due | ||||||
| after more than one year | 19 | 8.562 500 | 8 812,500 | 5/50.000 | |||
| Total net assets | 93,491,472 | 85,684,53S | 81,470~69 | 74,655~~85 | |||
| The funds ofthe charity: | |||||||
| Endo~ment funds | 7.934.15S | 7,887,023 | 7,934,158 | 7,887,023 | |||
| Restricted income funds | 22 | 1951.571 | 1@51.571 | 1.951,571 | 1951571 | ||
| Unrestricted income funds |
22 | 68485 597 | 61717750 | 71584540 | 64,S16691 | ||
| Non-charitable trading funds |
22 | 15.120 146 | 14128,194 | ||||
| Total charity funds | 93,491.472 | 85,6S4~38 | Sl,470 "69 | 74,655,2S5 |
| Consolidated Statement ofCash Flows |
Consolidated Statement ofCash Flows |
|||
|---|---|---|---|---|
| 2021 | 2020 | |||
| i%otes | ||||
| Cash flows from operating activities: |
||||
| Net cash provided by operating activities |
24 | 1,226,811 | 767~45 | |
| Cash flows from investing activities: |
||||
| Dividends, interest and rents from investments |
1 205 205 | 940.071 | ||
| Proceeds from sale ofproperty, plant 2 |
equipment | 41 041 | 70 256 | |
| Proceeds from sale ofinvestments | 15,125,678 | 26,00?,135 | ||
| Purchase ofproperty plant k equipment |
(1 128,258) | (1,670.118) | ||
| Purchase ofinvestments | (15,299,036) | (29,468,90S) | ||
| Programme related investment loans |
573,790 | (433,732) | ||
| Investment injoint venture |
(1289,724) | 67,072 | ||
| Net cash (used in) investing activities |
(771@04) | (4,488 &24) | ||
| Cash flows from financing activities: |
||||
| Cash inflows from new borrowing | 1,000,000 | |||
| Payment ofloan | ||||
| Net cash provided bv financing activities |
1,000,000 | |||
| Change in cash and cash equivalents | in the year | 455,507 | (2.720,879) | |
| Cash and cash equivalents at the beginning ofthe year |
2.831.847 | 5.552.726 | ||
| Cash and cash equivalents at the end |
ofthe year | 25 | 3~87+54 | 2,831,847 |
| Group | Gt~up | Charih | Charity | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |||
| Unrestricted funds |
||||||
| Dividends k, interest |
—listed securities | 682,998 | 546,413 | 682,998 | 546,413 | |
| Interest on cash deposits | 219 | 8.947 | 219 | 8,947 | ||
| Other UK investments | 515.099 | 378,501 | 669,530 | 520,543 | ||
| Dart Abbey Enterprises | Ltd giff aid P.rent | 637,508 | 1459,495 | |||
| 1 198,316 | 933,861 | 1,990,255 | 2,535398 | |||
| Endomnent funds |
||||||
| Dividends k interest | —listed securities | 6,889 | 6,210 | 6,889 | 6.210 | |
| Total | 1 205,205 | 940,071 | 1,997,144 | 2,541,60S |
| Trust for | Unapplied | Total | ||||||
|---|---|---|---|---|---|---|---|---|
| Investment | Total Return | Endomuent | ||||||
| The investment | fund and | application oftotal return to | ||||||
| permanent endowment funds: |
||||||||
| At 1November | 2020 | |||||||
| Gift component | ofpermanent | endowment | 100.000 | 100,000 | ||||
| Unapplied total |
return | 170,460 | 170,460 | |||||
| Total | 100000 | 1?0.460 | 270460 | |||||
| Movements in |
unapplied | total return | and endomnent | in the vear: | ||||
| Investment return dividends |
and interest | 6 559 | 6,559 | |||||
| Investment return: recognised |
and unrecognised | gainst'(losses) | 72,505 | 72,505 | ||||
| Investment management |
cost= | (2,179) | (2,179) | |||||
| Net movement | in the year | 76 885 | 76,885 | |||||
| At 31October | 2021 | |||||||
| Gift component | ofpermanent | endowment | 100.000 | 100,000 | ||||
| Unapplied total |
return | 247,345 | 247 345 | |||||
| Total | 100,000 | 247,345 | 347,345 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Turnover | 3,906,423 | 3.839,666 | |||
| Cost ofsales | (384,508) | (552,163) | |||
| Gross profit | 3,521,915 | 3287.503 | |||
| Operating expenses |
(2,965,468) | (3,194,878) | |||
| Other income | 285,216 | 25I.757 | |||
| Interest receivable | 276,107 | 244,632 | |||
| Interest payable | (112,883) | (124,695) | |||
| Xiet profit before taxation | 1,004,887 | 464,319 | |||
| Taxation | |||||
| Net profit after taxation | 1,004.887 | 464,319 | |||
| Gift Aid to The Buckfast Abbey Trust | (494 042) | (1316,029) | |||
| Retained in Subsidiary | 510845 | (851.710) | |||
| Costs ofRaising Funds: Cost ofGoods Sold and Other Costs | |||||
| Group | Group | Charity | Charity | ||
| 2021 | 2020 | 2021 | 2020 | ||
| Unrestticted funds |
|||||
| Trading subsidiary: |
|||||
| Cost ofsales | 292,461 | 474,037 | |||
| Staff costs | 1,757,967 | 1,943,862 | |||
| Depreciation | 193761 | 230,582 | |||
| Other costs | 932953 | 982,719 | |||
| Investment management |
301,590 | 244 052 | 301.590 | 244,052 | |
| 3,478,732 | 3,875,252 | 301 590 | 244,052 | ||
| Endome ent funds | |||||
| Investment management |
2,289 | 2,013 | 2,013 | ||
| Total | 3.481,021 | 3.877.265 | 303 879 | 246.065 |
| Group | Direct | Support | ||||
|---|---|---|---|---|---|---|
| activitie | costs | 2021 | 2020 | |||
| Unrestricted funds |
||||||
| Retreat centre 4 guesthouse | 21,911 | 2,386 | 24,297 | 57,112 | ||
| Educational activities Parish k ministry support |
99,793 901,336 |
8,316 75,033 |
108,109 976,369 |
136,654 1.108.772 |
||
| Building and ground | maintenance | 4,397035 | 365,634 | 4.762.669 | 4,141,329 | |
| Charitable giving |
81,528 | 6,735 | 88,263 | 159,584 | ||
| Religious community |
support | 460,826 | 40,156 | 500.982 | 418.790 | |
| 5,962,429 | 498,260 | 6,460,689 | 6,022,241 | |||
| Restricted and endowment |
funds | |||||
| Parish 8 ministry support |
9.440 | 14,150 | ||||
| Total | 5,971,869 | 498.260 | 6,470,129 | 6.036,391 | ||
| Charity | Direct | Support | Total | Total | ||
| acthities | costs | 2021 | 2020 | |||
| f. | ||||||
| Unrestricted funds |
||||||
| Retreat centre k guesthouse | 28 S76 | 2,386 | 31,262 | 64,669 | ||
| Educational activities Partsh k mtntstry support |
100,673 908,297 |
8,316 75,033 |
108,989 983,330 |
139,243 1 116,543 |
||
| Building and ground |
maintenance | 4,426.121 | 365,634 | 4,791 755 | 4.156,259 | |
| Charitable giving |
81,528 | 6,735 | 88,263 | 159,584 | ||
| Religious community |
support | 476,661 | 40,156 | 516 817 | 430090 | |
| 6,022 156 | 49S,260 | 6,520,416 | 6,066,388 | |||
| Restricted and endomnent |
funds | |||||
| Parish k ministry support |
9,440 | 14,150 | ||||
| Total | 6,031 596 | 498,260 | 6 529 S56 | 6,080 538 |
| 8 Support Costs |
||||
|---|---|---|---|---|
| Other | Total | Total | ||
| Governance | costs | 2021 | 2020 | |
| Of5ce wages and salaries | 21.977 | 159637 | 181,614 | 166627 |
| Bank interest and charges | 222 109 | 222,109 | 237,351 | |
| Auditors fees |
19,600 | 19,600 | 16,080 | |
| Other office costs | 9,067 | 65.870 | 74,937 | 114,745 |
| 50.644 | 447,616 | 498,260 | 534,803 |
| 10Staffcosts | |||||
|---|---|---|---|---|---|
| Group | Group | Chatity | Charity | ||
| 2021 | 2020 | 2021 | 2020 | ||
| Wages and salaries | 3,088,082 | 2,988.161 | 1,648 548 | 1,345,830 | |
| Social security costs | 277,167 | 241,664 | 133,158 | 120,556 | |
| Defined contribution | pension contributions | 309,873 | 386,710 | 135,450 | 206 287 |
| 3,675,122 | 3 616,535 | 1,917,156 | 1 672,673 |
| harity (and group) for the year was f163 | ,300(2020:f153,94 | 4). | |||
|---|---|---|---|---|---|
| Group | Group | Chatity | |||
| 2021 | 2020 | 2021 | 2020 | ||
| The average number ofemployees | |||||
| during the year was: |
125 | 119 | 59 | 52 | |
| The number ofemployees ofthe Group whose emoluments | amounted | to over 660000 in the year | was as | ||
| follows | |||||
| f60,001 - f70 000 | 1 | ||||
| f,70,001 —f80,000 | |||||
| X90,001 - 1100,000 | |||||
| f100,001 - f110,000 | |||||
| f,110,001 - 1120000 |
| Notes to the accounts 11Fixed assets —Tangible |
|||||
|---|---|---|---|---|---|
| Group | Buildings | ||||
| erected on | Other | ||||
| permanent | functional | FhMres | |||
| endomnent | land and | Motor | fittings and | ||
| land | buildings | vehicles | equipment | Total | |
| Cost | |||||
| At 1November 2020 | 1S,QS9.OO4 | 24360.045 | 9259$1 | 6,486298 | 46.831328 |
| A.dditions | 572.506 | 345.145 | 146.016 | 64,591 | 1,128.258 |
| Disposals | (70.608) | (85 187) | (155795) | ||
| At 31October 2021 | 15,631,510 | 24 7Q5 190 | 1,001.389 | 6,465,702 | 47 803,791 |
| Depreciation | |||||
| At 1November 2020 | 7456,040 | 10444271 | 616182 | 3533219 | 22,049712 |
| Charge foryear | 605.972 | 836259 | 154,610 | 393,526 | 1,990e368 |
| Eliminated on dispesals |
(70,608) | (S5.188) | (155796) | ||
| At 31October 2021 | S,062.012 | 11280.530 | 700 184 | 3,841557 | 23 884283 |
| Net book amounts | |||||
| At 31October 2021 | 7,569,49& | 13,424 660 | 301205 | 2,624,145 | 23919508 |
| At 31October 2020 | 7602r964 | 13915774 | 309,799 | 2,953079 | 24781616 |
| Charity | Buildings | ||||
| erected on | Other | ||||
| permanent | functional | Fixtures | |||
| endo' ent | land and | Motor | flttlRgs and | ||
| land | buildings | vehicles | equipment | ||
| Cost | |||||
| At 1November 2020 | 15,059,004 | 24,360045 | 616,426 | 4~00 544 | 44r336,019 |
| Additions | 572506 | 345 145 | 43.0QO | 59.424 | 1020Q75 |
| Disposals | (35,108) | (21251) | (56~59) | ||
| At 31October 2021 | 15631510 | 24.705,190 | 62431$ | 4338,717 | 45 ~99735 |
| Depreciation | |||||
| At 1November 2020 | 7,456040 | 10444271 | 404228 | 1335543 | 19,84Q,082 |
| Charge foryear | 605.972 | $36259 | 89,272 | 260 100 | 1,791 603 |
| Eliminated on disposals |
(35,108) | (21,251) | (56~59) | ||
| At 31October 2021 | S062 012 | 11280530 | 458~92 | 1,774392 | 21575~26 |
| Net book amounts | |||||
| At 31October 2021 | 7 569.498 | 13424,660 | 1659 6 | 2.564r325 | 23,724409 |
| At 31October 2020 | 7 602 964 | 13,915,774 | 212,198 | 2 765,001 | 24,495,937 |
| Group | Group | Charity | Chatity | ||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | ||||
| Contracted but not provided | for | 178.599 | 178.599 | ||||
| Authorised but not contracted |
for | ||||||
| 12 Investments | |||||||
| Group | Group | Charity | Charity | ||||
| 2021 | ')080 | 2021 | 2020 | ||||
| A.t 1November 2020 |
41»49.099 | 36,196,131 | 42,504,623 | 3S423 628 | |||
| A.dditions | 15299,036 | 28468 90S | 15 17S,071 | 26.900171 | |||
| Dispo sais | (15,125,67S) | (26,007 135) | (14.725,67S) | (25510»71) | |||
| Realised gains (losses) on investments | 2»27 937 | 2531,770 | 2»27,937 | 2531770 | |||
| Revaluation | 5»90»88 | 159425 | 5»90»88 | 159,425 | |||
| At 31October 2021 | 49240 78 . |
41»49,099 | 50,675»41 | 42,504,623 | |||
| Analys ed between- | |||||||
| Fixed asset investments | 47476»99 | 39»05,6S1 | 50,675»41 | 42 504,623 | |||
| Current asset investments | 1,764»83 | 2,043418 | |||||
| 49240 782 | 41»49.099 | 50,675,341 | 42,504,623 | ||||
| Analys ed between | |||||||
| Listed investments | 37457 155 | 30.191.469 | 37457 155 | 30,191,469 | |||
| Investment in DAE Ltd |
100.000 | 100,000 | |||||
| J Chandler 8t,Co.(Buckfast) Ltd (note 14} |
3,09So42 | 3098,942 | |||||
| Programme Related Investments |
(note 18} | 15,027,500 | 14877500 | 15,027 500 | 14,877500 | ||
| Cash held as part ofinvestment | portfolio | 2 103,027 | 1256252 | 2.103.027 | 1256252 | ||
| Investment properties |
|||||||
| Other investments | 1,76S»83 | 2,047418 | 4000 | 4,000 | |||
| LO811 | (7,115283) | (7.023 540) | (71152S3) | (7 023 540) | |||
| 49240.7S2 | 41»49099 | 50675»41 | 42 504623 |
| '2021 | '7Q'OQ | |
|---|---|---|
| Assets | 9,427230 | 9.407,753 |
| LiaMities | (S206,S19) | (S69S,IS!) |
| Funds | 1 '720,411 | 709r566 |
| Group | Group | Charity | Charib- | ||
|---|---|---|---|---|---|
| 2021 | 2020 | 2Q21 | '7QNQ | ||
| Due within one year | |||||
| Trade debtors | 51.24S | 107.895 | 49 164 | ||
| Amount due from subsidiary |
2.5S2.962 | 3,143 974 | |||
| Amount due f'rom associate |
823,617 | 1593.401 | |||
| Other debtors | 87493 | 91603 | 56,119 | ||
| Prepa5ments | and accnted income | 732 765 | 785.74S | 561747 | 543354 |
| 1.695 123 | 2573.647 | 3749,992 | 3,737 734 | ||
| Due after more than one year. | |||||
| Prepayments | and accrued income | 13,1S4 | 23775 | 14000 | |
| Other debtors | 345,896 | 477289 | 256,597 | 284,830 | |
| 2054203 | 3,074211 | 3,513589 | 4.,036,064 |
| are included a |
t afair value of52m. |
||
|---|---|---|---|
| Concessions' | |||
| Loans | Properh- | ||
| At 1tttovember | 2020 | 7,425907 | 14,877,500 |
| Advances 'additions | 150000 | ||
| Interest | 246210 | ||
| Repayments disposals |
(820000) | ||
| At 31October | 2021 | 6852.117 | 15027 500 |
| 19 | Creditors | |||||
|---|---|---|---|---|---|---|
| Gxwup | Group | Charity | Charity | |||
| ~0"1 | 2020 | 2021 | 2020 | |||
| Amounts | falling due within one year. | |||||
| Bank loan | ||||||
| Trade. creditors | 556210 | 570974 | 347763 | 402.868 | ||
| Amount | due to subsidiary | |||||
| Amount | due to associate | 1.518526 | 1526,465 | |||
| Taxation | and social security | 216955 | 348 101 | |||
| Other cre.ditors | 1.053978 | 749264 | 687 050 | 550,224 | ||
| Accruals | 172603 | 91,417 | 172,603 | 91,417 | ||
| 3518272 | 3286/21 | 1206.916 | 1,044509 | |||
| Amounts | falling due after more than one year.- | |||||
| Bank loans | 8~12300 | 8312300 | 5.000.000 | 5.000.000 | ||
| Other creditors | 250 000 | 250.000 | 500000 | |||
| S 562s500 | S812500 | 5 '750.000 | 5&00000 |
| 2021 | |
|---|---|
| Not later than one year | 238,438 |
| Later than one year and not later than five years | 315,564 |
| Later than five years | 275 265 |
| 829,267 |
| Incoming | ||||||
|---|---|---|---|---|---|---|
| At | resources/ | Transfers/ | At | |||
| 1Norember | new | Expenditure/ | Imestment | 31October | ||
| &0&0 | designation | utilised | Gains | 2021 | ||
| Endo+ment funds: | ||||||
| Buildings in PEFarea | 7602.964 | (33,466) | 7,569,498 | |||
| StScholastica's Abbey | ||||||
| Teignmouth | 270,460 | 6,559 | (2 1SO) | 72 505 | 347344 | |
| lvtiss Stone's Trust | 6,138 | 149 | (198) | 1,646 | 7,735 | |
| Warren-Vernon Annuities |
7,461 | 181 | (60) | 1999 | 9581 | |
| Total endowment funds |
7 887 023 | 6889 | (2.43S) | 42 684 | 7,934,158 | |
| Restricted funds: | ||||||
| Contemplative Nuns |
1,951,451 | 1,951,451 | ||||
| Other | 120 | 9291 | (9291) | 120 | ||
| Total restricted funds | 1,951/71 | 9291 | (9291) | 1951571 | ||
| Unrestricted income funds: |
||||||
| Designatttdfands: | ||||||
| Community support |
21 156.773 | (486,101) | 8409566 | 29080238 | ||
| Buildings Er,plant |
16892.973 | (1 185 631) | 447 569 | 16,154.911 | ||
| iVIaintenance | ||||||
| k,improvement | 2,408,045 | (3 082 005) | 3487 970 | 2,S14010 | ||
| Programme | ||||||
| related investments | 20503.407 | (423,791) | 20,079616 | |||
| Worhng capital |
756552 | 5090.545 | (2 008 542) | (3,481.733) | 356822 | |
| Total unrestricted | funds | 61,717,750 | 5,090,545 | (6.762279) | S,439 5&1 | 6S485,597 |
| i%on charitable trading funds: | ||||||
| Subsidiary tS:joint venture |
153,073 | 4280 591 | (3,177,141) | (763,943) | 492 580 | |
| Associate | 13975 12.1 | 652.445 | 14627 566 | |||
| Total trading funds | 14.128,194 | 4,933.036 | (3.177,141) | (763943) | 15 120,146 | |
| Total group funds | S5,684,53S | 10.039,761 | (9,951 149) | 7 718@22 | 93,491,472 |
| Analysis ofcha | ritable fun |
ds movements | —previous | year | ||
|---|---|---|---|---|---|---|
| Incoming | ||||||
| At | resources/ | Tt~sfers/ | At | |||
| 1November | net | Expenditure/ | Investment | 31October | ||
| 2019 | designation | utilised | Gains | 2020 | ||
| Endowment funds: |
||||||
| Buildings in PEFarea | 7236 5SS | 366~76 | 76Q2,964 | |||
| StScholastica's Abbey | ||||||
| Teignmouth | 271,777 | 5,911 | (1916) | (5,312) | 270 460 | |
| iXiiss Stone's Trust | 626Q | 136 | (136) | (122) | 6138 | |
| Warren-X'ernon Annuities |
7.497 | 163 | (53) | (146) | 7.461 | |
| Total endowment funds |
7 5~&.122 | 6210 | (2,105) | 360.796 | 7.887.023 | |
| Restricted funds: | ||||||
| Contemplative Kiuns |
1961,463 | (10,012) | 1,951,451 | |||
| Other | 1S5 | (65) | 120 | |||
| Total restricted funds | 1tt61,648 | (10077) | 1,951 571 | |||
| Unrestricted income funds: |
||||||
| Designated fiutds: | ||||||
| Community support |
20201972 | (392262) | 1,347,063 | 21,156,773 | ||
| Buildings kplant | 17S51,512 | (1242.744) | 584205 | 16S92973 | ||
| Maintenance | ||||||
| P improvement | 2,706.497 | (2229.932) | 1,931,480 | 2,408,045 | ||
| Programme | ||||||
| related investments | 17.42S624 | 3,074.783 | 20503,407 | |||
| Worhng capital | 998073 | 5,629,S21 | (2,405e336) | (3,466,006) | 756552 | |
| Total unrestricted | funds | 5S,886,67S | 5,629,821 | (6270274) | 3,471,525 | 61.717,750 |
| Non charitable trading funds: | ||||||
| Subsidiary 8:joint | venture | 1,164,657 | 3,760,742 | (3 631 00) | (1,141126) | 153073 |
| Associate | 12950263 | 1,024,858 | — | — | 13975,121 | |
| Total trading funds |
14,114,920 | 4 785600 | (3,631200) | (1,141,126) | 14,12S,194 | |
| Total group funds | 82,485~68 | 10,421,631 | (9913,656),691,195 | 85,684,538 |
| Tangible | Fixed | Other | Total | |||
|---|---|---|---|---|---|---|
| Fixed | Asset | Net | Net | |||
| Assets | Investments | Assets | Assets | |||
| f. | ||||||
| Community support |
32,080,238 | (3,000,000) | 29,080,238 | |||
| Buildings R plant | 16,154,911 | 16,154.911 | ||||
| Maintenance k | ||||||
| improvement | 2,814,010 | 2,814,010 | ||||
| Programme | ||||||
| related investments | 13,227,500 | 6,852,117 | 20,079.617 | |||
| Working capital |
4,000 | 352,820 | 356,820 | |||
| Endowment | 7 569,498 | 364,661 | 7934,159 | |||
| Restricted income | 1.800 000 | 151571 | 1,951,571 | |||
| Associate | 14,627,566 | 14,627,566 | ||||
| Non-charitable | trading | kjoint venture | 195,099 | 5,436,406 | (5,138.925) | 492.580 |
| At 31October 2021 | 23,919,508 | 67,540,371 | 2,031,593 | 93491,472 | ||
| Previous year | ||||||
| Tangible | Fixed | Other | Total | |||
| Fixed | Asset | Net | Net | |||
| Assets | Investments | Assets | Assets | |||
| f, | ||||||
| Community support Buildings 4plant |
16,892,973 | 24.156.773 | (3,000,000) | 21.156,773 16S92,973 |
||
| Maintenance k | ||||||
| improvement | 2,408,045 | 2,408,045 | ||||
| Programme | ||||||
| related investments | 13,077,500 | 7425 908 | 20,503,408 | |||
| Working capital |
(12,651) | 769,202 | 756,551 | |||
| Endowment | 7,602 964 | 2S4,059 | 7 887,023 | |||
| Restricted income | 1,800,000 | 151.571 | 1,951 571 | |||
| Associate | 13,975 121 | 13,975,121 | ||||
| 'Non-charitable | trading | &.joint venture | 285,679 | 4 146,682 | (4,279 288) | 153,0?3 |
| At 31 October | 2020 | 24.781,616 | 5?.427,484 | 3,475,438 | 85,684 538 |
| 4 Reconciliatio |
n ofNet Income to Net Cash Inflow from Ope |
rating Activities |
|
|---|---|---|---|
| 2021 | 2020 | ||
| f. | |||
| Net movement | in group funds for the year | 7,806,934 | 3,199,170 |
| Depreciation | 1,990,367 | 1,993,269 | |
| Net (gains) on | investments | (7,?18,324) | (2,691,195) |
| (Profit) on sale | oftangible fixed assets |
(41 042) | (7,889) |
| Associate share | of(profit) | (652444) | (1,024,858) |
| Dividends, interest and rents f'rom investments |
(1,205,205) | (940,071) | |
| Decrease (Increase) in debtors | 1,020,0Q7 | 3Q5,379 | |
| Decrease (increase) in stocks | 44,467 | 111,885 | |
| (Decrease) increase in creditors | (17,949) | (178,345) | |
| 1,226,811 | 767,345 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| f. | |||||
| Cash | on | short | term deposit | 2,965,462 | 2,559,496 |
| Cash | at | bank | and in hand | 321.892 | 272,351 |
| 3287.354 | 2,831,847 |
| At Start of | Gash Flows | At End of | |||||
|---|---|---|---|---|---|---|---|
| Year | Year | ||||||
| Cash | 2,831 847 | 455 507 | 3,287,354 | ||||
| Loans | falhng | due | within | one year (refer to Note 12) | (7 Q23 540) | (91743) | (7,115,283) |
| Loans | falling | due | after | one year | (8312,500) | (8.312.500) | |
| (12504 193) | 363,764 | (12,140.429) |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Income | ||||||
| Charitable activities |
72,149 | 47.108 | ||||
| Donations, grants and |
legacies | 181,271 | 133.914 | |||
| Royalties and investments |
4.505 454 | 4.621.538 | ||||
| Dart Abbey Enterprises Limited profit Rents and property income Insurance and IRS claims |
494,042 477,582 199,897 |
1,316029 578,495 124219 |
||||
| 5,930 395 | 6,821,303 | |||||
| Expenditure | ||||||
| Activities direct costs | 44,563 | 92,647 | ||||
| Provisions | 95,232 | 94.593 | ||||
| iXfaintenance and support |
51,191 | 153,619 | ||||
| Church and sacristy |
61 600 | 66,797 | ||||
| Wages and salaries | 1,917 157 | 1,672,673 | ||||
| Water rates | 10,041 | 14,896 | ||||
| General rates and rent | 54 273 | 82453 | ||||
| Insurance | 93,015 | 102,983 | ||||
| Light and heat | 130,836 | 158,567 | ||||
| Repairs and maintenance | 1,115850 | 627,747 | ||||
| Cleaning, clothing, household |
and laundry | 79 729 | 100,182 | |||
| Infirmary Education safeguarding, |
health k safety | 310312 70.196 |
246,278 55 729 |
|||
| iXiotor and travel | 31 718 | 24,060 | ||||
| Telephone and postage |
15,492 | 24,639 | ||||
| Printing. stationery and |
advertising | 23,483 | 39,303 | |||
| Professional | 451,270 | 407,952 | ||||
| Subscriptions | ?535 | 11,820 | ||||
| Charitable donations |
80.247 | 148,855 | ||||
| Finance and bank charges | 222,109 | 237.351 | ||||
| Computer and media studio |
191.889 | 191,5?6 | ||||
| Audit and accountancy | 19600 | 16,080 | ||||
| Depreciation | 1,755,561 | 1 754,798 | ||||
| Sundry and biennium |
expenses | 736 | 1,005 | |||
| 6,833,735 | 6,326 603 | |||||
| Yet income for the financial | year | (903340) | 494,700 |