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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|
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||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|
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||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|
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|||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|
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|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|
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|Oth|er trading activities|||||||
|---|---|---|---|---|---|---|---|
|||Unrestdicted|Total|Funds|Unrestricted|Total|Funds|
|||Funds
f||2023
f|Funds
f||2022
f|
|Flat|rental|36,565||36,565|15,643||15,643|
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|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|
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|||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|
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||Year ended 30|April 2023|||
|---|---|---|---|---|
|Telephone||7,693|7,693|7,126|
|Other office|expenses|31,529|31,529|20,064|
|Depreciation||||1,550|
|Grants and|scholarships|64,298|64,298|56,927|
|Contribution|to Lee Abbey Movement|41,000|41,000|35,000|
|||293,112|293,112|213,452|
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||||||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|
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|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|
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|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|
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|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|
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|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|
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|||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|
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|Restrict|ed funds|||||||
|---|---|---|---|---|---|---|---|
||||At||||At|
||||1 May 2022
5|Income
f|Expenditure
F|Transfers
8|30April 2023
f|
|Building|the Future|Fund|75,921|1,211|(880)||76,252|
|Bursary|Fund||882|47,755|(47,755)||882|
||||76,803|48,966|(48,635)||77,134|
||||At||||At|
||||1 May 2021|Income|Expenditure|Transfers|30April 2022|
||||5|6||F|5|
|Building|the Future|Fund|75,040|881|||75,921|
|Bursary|Fund||7,805|45,045|(51,968)||882|
||||82,845|45,926|(51,968)||76,803|
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|Analysis ofnet as|se|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|
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|Anal|ysis ofchanges
in net debt||||
|---|---|---|---|---|
|||At||At|
|||1 May 2022|Cash flows
F|30Apr 2023
f|
|Cash|at bank and in hand|195,929|391,125|587,054|
|Debt|due within one year|(264,000)|23,536|(240,464)|
|Debt|due after one year|(1,681,220)|516,267|(1,164,953)|
|||(1,749,291)|930,926|(818,363)|
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