2023-04-30-accounts - Lee Abbey International Students' Club

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						Pages
Trustees' annual report (incorporating			the	director's	report)	1to6
Independent auditor's	report to	the members				7to10
Statement offinancial	activities	(including		income and
expenditure account)
Statement offinancial	position					12
Statement ofcash flows						13
Notes to the financial	statements					14to 24

	Ye	ar end	ed 30April	2023
				2023		2022
			Unrestricted	Restricted
			funds	funds	Total funds	Total funds
		Note	'Z		8	6
Income and endowments
Donations and legacies		5	3,460	48,966	52,426	55,190
Charitable activities		6	2,209,532		2,209,532	981,574
Other trading activities Investment income		7 8	36,565 415		36,565 415	15,643 28
Total income			2,249,972	48,966	2,298,938	1,052,435
Expenditure Expenditure on chadtable	activities	9,10	1,994,507	48,635	2,043,142	1,445,434
Total expenditure			1,994,507	48,635	2,043,142	1,445,434
Net income/(expenditure) movement in funds	and net		255,465	331	255,796	(392,999)
Reconciliation offunds
Total funds brought forward			3,657,116	76,803	3,733,919	4,126,918
Total funds carried forward			3,912,581	77,134	3,989,715	3,733,919

	30 April	2023
			2023		2022
		Note			8
Fixed assets
Tangible fixed assets		15		5,427,247	5,702,430
Current assets
Stocks		16			8,361
Debtors		17	77,030		127,567
Cash at bank and in hand			587,054		195,929
			664,084		331,857
Creditors: amounts	falling due within one year	18	(936,663)		(619,148)
Net current liabilities				(272,579)	(287,291)
Total assets less current liabilities				5,154,668	5,415,139
Creditors: amounts	falling due after more than
one year		19		(1,164,953)	(1,681,220)
Net assets				3,989,715	3,733,919
Funds ofthe charity
Restricted funds				77,134	76,803
Unrestricted funds				404,347	302,407
Designated Property	Reserves			3,508,234	3,354,709
Total charity funds		21		3,989,715	3,733,919

		Year en	ded 30April 2023
				2023	2022
				8	E
Cash flows from operating Net income/(expenditure)	activities			255,796	(392,999)
Adjustments for:
Depreciation oftangible fixed assets				285,397	285,204
Other interest receivable and similar income				(415)	(28)
Interest payable and similar	charges			90,495	51,051
Changesin:
Stocks				8,361
Trade and other debtors				50,537	(17,251)
Trade and other creditors				341,051	87,907
Cash generated from operations				1,031,222	13,884
Interest paid				(90,495)	(51,051)
Interest received				415	28
Net cash from/(used in) operating		activities		941,142	(37,139)
Cash flows from investing	activities
Purchase oftangible assets				(10,214)	(12,079)
Net cash used in investing	activities			(10,214)	(12,079)
Cash flows from financing activities Repayment of(proceeds from) loans from group undertakings				(539,803)	141,058
Net cash (used in)/from financing		activities		(539,803)	141,058
Net increase in cash and	cash	equivalents		391,125	91,840
Cash and cash equivalents at		beginning	ofyear	195,929	104,089
Cash and cash equivalents at		end ofyear		587,054	195,929

orshe is a Donations	member, or within one ye and legacies	ar after he or she	ceases to be a	member.
			Unrestricted	Restricted	Total Funds
			Funds f	Funds f	2023 f
Donations
Donations			3,460	48,966	52,426
			Unrestricted	Restricted	Total Funds
			Funds F	Funds f	2022 f
Donations
Donations			9,264	45,926	55,190
Charitable	activities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds f	2023 f	Funds f	2022 f
Resident fees and income from
running hostel		1,670,344	1,670,344	927,881	927,881
Guest fees		512,507	512,507	44,392	44,392
Sundry income		21,624	21,624	2,327	2,327
Laundrette	income	960	960	6,122	6,122
Cafe income				72	72
Room hire		4,097	4,097	780	780
		2,209,532	2,209,532	981,574	981,574

Investment i	nco	me
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
						6
Bank interest	receivable		415	415	28	28
Expenditure	on	charitable	activities
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2023
				E	6	E
The management Support costs		ofthe hostel and community		1,750,030 244,477	48,635	1,750,030 293,112
				1,994,507	48,635	2,043,142
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2022
				6	6
The management		ofthe hostel and community		1,231,982		1,231,982
Support costs				161,484	51,968	213,452
				1,393,466	51,968	1,445,434
Expenditure	on	charitable	activities
			Activities
			undertaken		Total funds	Total fund
			directly	Support costs	2023	2022
			6	6		F
The management community		ofthe hostel and 1,750,030		293,112	2,043,142	1,445,434

		Analysis of
		support costs
		activity 1	Total 2023	Total 2022
		E	K	6
Trustees expenses Motor vehicle and travel expenses		751	751	69 5,059
Insurance		39,756	39,756	31,041
Finance costs		79,222	79,222	45,304
Auditor remuneration		11,073	11,073	7,226
Professional	fees	17,790	17,790	4,086

					2023	2022
					E
Depreciation	oftangible	fixed assets			285,397	285,204
Staff costs
The total staff	costs and	benefits		for the reporting	period are analysed as follows:
					2023	2022
					E
Wages, salaries and community			allowances		185,291	180,671
Social security costs					18,922	16,817
Employer contributions		to pension		plans	23,229	22,223
					227,442	219,711

equivalen	ts	duding	the year is analysed as follows:
				2023	2022
				No.	No.
Running	of	hostel		20	20
Management		and	administration	5	5
				25	25

Year e Tangible fixed assets	nded 30April 2023
	Land and	Fixtures and
	buildings	fittings	Total f
Cost
At 1 May 2022 Additions	8,275,840	1,905,735 10,214	10,181,575 10,214
At 30April 2023	8,275,840	1,915,949	10,191,789
Depreciation At 1 May 2022 Charge for the year	3,223,631 145,225	1,255,514 140,172	4,479,145 285,397
At 30April 2023	3,368,856	1,395,686	4,764,542
Carrying amount At 30April 2023	4,906,984	520,263	5,427,247
At 30April 2022	5,052,209	650,221	5,702,430

16.	The freehold Stocks	land and buildings are used as part ofsec	udity for a loan for Lee Abbey	Movement.
			2023 f	2022 F
	Raw materials	and consumables		8,361
17.	Debtors
			2023	2022
			6	F
	Trade debtors		46,030	84,037
	Prepayments	and accrued income	31,000	43,530
			77,030	127,567

Creditor	s: amounts falling due within one year
		2023	2022
			6
Trade creditors		100,533	39,686
Amounts	received on account	204,898	79,019
Amounts	owed to group undertakings	240,464	264,000
Social security and other taxes		11,063	4,286
Other creditors		379,705	232,157
		936,663	619,148
Creditors: amounts falling due after more than one year
		2023	2022
			6
Amounts	owed to group undertakings	1,164,953	1,681,220

		At					At
		1 May 2022 f	Income f	Expenditure 6	Transfers 30April 2023
General fund Fixed asset reserve		(2,045,314) 2,347,721	2,249,972	(1,709,110) (140,172)	(298,750)	(1,504,452) 1,908,799
Property	reserve	3,354,709		(145,225)	298,750		3,508,234
		3,657,116	2,249,972	(1,994,507)			3,912,581
		At					At
		1 May 2021	Income	Expenditure	Transfers	30	April 2022
		6	6				6
General fund Fixed asset reserve		(1,931,482) 2,495,228	1,006,509	(1,120,341) (140,845)	(6,662)	(2,045,314) 2,347,721
Property	reserve	3,480,327		(132,280)	6,662		3,354,709
		4,044,073	1,006,509	(1,393,466)			3,657,116

Analysis ofnet as	ts between funds
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2023
		6		6
Tangible fixed assets		5,427,247		5,427,247
Current assets		586,950	77,134	664,084
Creditors less than 1 Creditors greater than	year 1 year	(936,663) (1,164,953)		(936,663) (1,164,953)
Net assets		3,912,581	77,134	3,989,715
		Unrestricted	Restricted	Total Funds
		Funds 5	Funds 5	2022 f
Tangible fixed assets		5,702,430		5,702,430
Current assets		255,054	76,803	331,857
Creditors less than 1 Creditors greater than	year 1 year	(619,148) (1,681,220)		(619,148) (1,681,220)
Net assets		3,657,116	76,803	3,733,919