| Registered Charity Number | 306606 |
|---|---|
| Principal address | 15 St Maryhaye, Tavistock, Devon PL 19 SLR. |
| Trustees | |
| Ex Officio | The Lord Bishop of Exeter: The Right Reverend Robert Atwell |
| The Dean of Exeter: The Very Reverend Jonathan Greener | |
| Chairmanofthe Exeter Diocesan BoardofFinance | |
| (Custodian Trustee&Hon. Treasurer):MrGiles Frampton | |
| The Exeter Diocesan DirectorofEducation: Mrs Susan Lockwood | |
| (appointed September 2020) | |
| Nominative | Nominated by the BishopofExeter: |
| Reverend Professor Gina Radford | |
| Nominated by the Council of the UniversityofExeter: | |
| Professor Grace Davie - Chair | |
| Professor Wendy Robinson | |
| Dr Michael Wykes - Vice Chairman | |
| Co-optative | MrDick Powell (resigned December 2020) |
| Reverend Dr David Rake | |
| The Venerable Dr Trevor Jones | |
| Miss Katie Freeman | |
| Bankers | National Westminster Bankpie,59 High Street, Exeter EX4 3DP |
| Independent Examiner | Mrs M Hutchings, Aspen Waite South West, |
| 21Bampton Street, Tiverton Devon EX166AA | |
| Solicitors | Michelmores, Woodwater House, Pynes Hill, Exeter EX25WR |
| Investment manager | CCLA Investment Management Ltd |
| Senator House,85Queen Victoria Street, London EC4V 4ET | |
| Payroll manager | Bishop Fleming Payroll, Century House, Rivera Park, Nicholson Road, |
| Torquay, Devon TQ2 7TD | |
| Pension provider | The ChurchofEngland Pensions Board, 29 Great Smith Street, |
| London SW1 P 3PS | |
| Nameofsenior staff member | The Director, who acts as Clerk to the Trustees, isDrDavid Benzie. |
| Total | Total | ||||
|---|---|---|---|---|---|
| Income | Capital | Funds | Funds | ||
| Notes | Fund | Fund | 2021 | 2020 | |
| £ | £ | £ | £ | ||
| Income andendowmentsfrom: | |||||
| Investments | 3,246 | 205,902 | 209,148 | 218,770 | |
| Bank Interest | 4 | 4 | 82 | ||
| Employment allowance | 3,792 | 3,792 | 3,523 | ||
| CJRS Grant | 4,317 | ||||
| Total income and endowments | 7,042 | 205,902 | 212,944 | 226,692 | |
| Expenditure on: | |||||
| Charitable activities | |||||
| Chapel and Chaplaincy | 2 | 4,238 | 60,854 | 65,092 | 65,005 |
| Other (Project development) | 38,873 | 38,873 | 16,912 | ||
| Administrative expenses | 3 | 35,937 | 35,937 | 39,678 | |
| Grants payable | |||||
| Major Grants | 11 | 29,018 | 29,018 | 46,378 | |
| Personal and Corporate Grants | 11 | 54,613 | 54,613 | 62,307 | |
| Prizes and awards | 400 | 400 | 800 | ||
| Total expenditure | 124,206 | 99,727 | 223,933 | 231,080 | |
| Other expenditure | |||||
| Realised Profit/(Loss)oninvestments | 6 | 15,765 | |||
| Unrealised Profit/(Loss) on Investments | 6 | 870,630 | 870,630 | 234,809 | |
| Netincome/ (expenditure) | (117,164) | 976,805 | 859,641 | 246,186 | |
| Transfers between funds | 145,048 | (145,048) | |||
| NetMovementinFunds | 27,884 | 831,757 | 859,641 | 246,186 | |
| Reconciliationoffunds: | |||||
| Balances brought forward | 111,760 | 7,089,570 | 7,201,330 | 6,955,144 | |
| Balances carried forward | 139,644 | 7,921,327 | 8,060,971 | 7,201,330 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| Fixed Assets | ||||
| Investments | 6 | 8,003,737 | 7,133,107 | |
| 8,003,737 | 7,133,107 | |||
| Current Assets | ||||
| Debtors | 7 | 36,678 | 35,510 | |
| Cash at Bank | 24,421 | 36,485 | ||
| 61,099 | 71,995 | |||
| Creditors:Amountsfallingduewithinoneyear | 8 | 3,865 | 3,771 | |
| Net Current Assets | 57,234 | 68,223 | ||
| Net Assets | 8,060,971 | 7,201,330 | ||
| Funds | ||||
| Capital | - LazenbyTrust | 9 | 1,153,720 | 1,011,626 |
| - Endowment | 9 | 6,073,392 | 5,344,856 | |
| - Expendable Project | 9 | 694,215 | 733,088 | |
| Income | - Restricted | 9 | 139,644 | 111,760 |
| 8,060,971 | 7,201,330 |
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| 2. | Costs of charitable activities - Chapel and Chaplaincy | ||
| Chapel- | |||
| Running Costs - General | 2,198 | 2,294 | |
| Repairs | 2,040 | ||
| Chaplaincy - | |||
| Chaplain's Stipend | 11,835 | 13,178 | |
| Salaries | 28,308 | 30,766 | |
| Pension contributions | 9,224 | 7,767 | |
| Block Grant | 9,000 | 9,000 | |
| Chapel Music grant | 2,000 | 2,000 | |
| Other expenses | 486 | ||
| 65,091 | 65,005 | ||
| 3. | Administrative costs | ||
| Office Expenses | 405 | 441 | |
| Trustee Expenses | 1,123 | ||
| Administrative Salaries | 24,489 | 24,493 | |
| Pension contributions | 4,136 | 4,130 | |
| Meeting Expenses | 38 | 1,235 | |
| Computer Expenses | 72 | 72 | |
| Professional Fees and Subscriptions | 2,353 | 3,994 | |
| Advertising | 617 | 659 | |
| Accountancy Fees paid to Independent Examiner | 1,440 | 1,260 | |
| Independent Examiners Fees for External Scrutiny | 600 | 600 | |
| Payroll costs | 1,123 | 1,012 | |
| Bank Charges | 26 | 26 | |
| Other | 638 | 633 | |
| 35,937 | 39,678 |
| Theaveragenumberofpersons employedbytheFoundation was: | Theaveragenumberofpersons employedbytheFoundation was: | ||||
|---|---|---|---|---|---|
| NumberofEmployees | - Full time | 1 | |||
| - Part time | 5 | 5 | |||
| £ | £ | ||||
| StaffCosts: | |||||
| Wagesand Salaries | 63,439 | 66,570 | |||
| Social Security Costs | 1,193 | 1,867 | |||
| Pension costs | 13,360 | 11,897 | |||
| 77,992 | 80,334 |
| Trustees remuneration and expenses | ||||
|---|---|---|---|---|
| £ | £ | |||
| Trustee Mrs Alice Hutchingsin capacityofAnglican Chaplaincy Administrator | ||||
| Remuneration | 0 | 687 | ||
| Pension | 0 | 0 | ||
| 0 | 687 |
| 2021 | 2020 | |
|---|---|---|
| Investments | £ | £ |
| Market Value at 1August2020 | 6,353,107 | 6,802,533 |
| Investments purchased duringyear | ||
| Proceeds from saleofinvestments | (700,000) | |
| Realised profit(loss) on saleofinvestments | 15,765 | |
| Unrealised profit (loss) | 870,630 | 234,809 |
| Valueofshares held at31July 2021 | 7,223,737 | 6,353,107 |
| Cash held inCBFDeposit Fund | 780,000 | 780,000 |
| Market Value at31July2021 | 8,003,737 | 7,133,107 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Investments Comprise: | Market | Income | Market | Income | |
| Cost | Value | Received | Value | Received | |
| £ | £ | £ | £ | £ | |
| 109,153CBFFixed Interest | 163,296 | 157,412 | 7,121 | 164,341 | 5,434 |
| 259,147CBFInvestment Fund | 1,135,310 | 5,097,043 | 137,122 | 4,447,010 | 139,216 |
| 638,602CBFProperty Fund | 742,210 | 774,748 | 30,383 | 736,346 | 39,047 |
| 464,817CBFGlobal Equity Fund | 524,200 | 1,194,534 | 30,524 | 1,005,410 | 31,210 |
| 160,000CBFDeposit Fund | 80,000 | 780,000 | 3,999 | 780,000 | 3,863 |
| 2,645,016 | 8,003,737 | 209,148 | 7,133,107 | 218,770 |
| 7 | Debtors | ||||||
|---|---|---|---|---|---|---|---|
| Investment income | 34,668 | 33,478 | |||||
| Sundry debtors and prepayments | 2,010 | 2,032 | |||||
| 36,678 | 35,510 | ||||||
| 8 | Creditors:Amounts falling due | within one year | |||||
| Grants payable | |||||||
| Sundry accruals | 3,866 | 3,771 | |||||
| 3,866 | 3,771 | ||||||
| 9A | Statement of Funds | ||||||
| Al1 August | New | Investment | At31July | ||||
| 2020 | designations | Expended | gains | Transfers | 2021 | ||
| £ | £ | £ | £ | £ | £ | ||
| Capital - Lazenby Trust | 1,011,626 | 32,402 | 60,854 | 142,094 | 28,452 | 1,153,720 | |
| - Endowment | 5,344,856 | 173,500 | 728,536 | (173,500) | 6,073,392 | ||
| - Expendable Project | 733,088 | 38,873 | 694,215 | ||||
| Total Capital Fund | 7,089,570 | 205,902 | 99,727 | 870,630 | (145,048) | 7,921,327 | |
| Income Fund | 111,760 | 7,042 | 124,206 | 145,048 | 139,644 | ||
| Total Funds | 7,201,330 | 212,944 | 223,933 | 870,630 | 8,060,971 | ||
| At 1 August | New | Investment | At31July | ||||
| 2019 | designations | Expended | gains | Transfers | 2020 | ||
| £ | £ | £ | £ | £ | £ | ||
| Capital - Lazenby Trust | 971,728 | 33,887 | 62,711 | 39,898 | 28,824 | 1,011,626 | |
| - Endowment | 5,879,863 | 185,943 | 210,676 | (931,626) | 5,344,856 | ||
| - Expendable Project | 16,912 | 750,000 | 733,088 | ||||
| Total Capital Fund | 6,851,591 | 219,830 | 79,623 | 250,574 | (152,802) | 7,089,570 | |
| Income Fund | 103,553 | 6,862.00 | 151,457.00 | 152,802 | 111,760 | ||
| Total Funds | 6,955,144 | 226,692 | 231,080 | 250,574 | 7,201,330 |
| lysis of | Net Assets between Funds | |||
|---|---|---|---|---|
| Net | ||||
| Invest- | Current | |||
| ments | Assets | Total | ||
| £ | £ | £ | ||
| Capital | Fund | 7,921,327 | 7,921,327 | |
| Income | Fund | 82,410 | 57,234 | 139,644 |
| 8,003,737 | 57,234 | 8,060,971 |
| Continuing | ||
|---|---|---|
| Grants paid in the year: | New Awards | Awards |
| £ | £ | |
| Corporate Awards: | ||
| Corporate awards - to further, higher & other education institutions for research & | ||
| other purposes which contribute to the advancement of religious education and theology. | ||
| Corporate awards - major | ||
| SWMTC | ||
| Supporting theological formation | 29,018 | |
| Corporate awards - small | ||
| Dave Francis Education Ltd | ||
| Developing "Big ideas for RE" resources | 3,000 | |
| THEOS | ||
| University chaplaincy during the covid-19 pandemic | 5,000 | |
| 8,000 | ||
| Personal awards - for researchintheology or religious education | ||
| Rev Dan Brown | 1,000 | |
| RevSueButler | 1,000 | |
| RevSamCrossley | 1,000 | |
| MrJack Driver-Szekely | 750 | |
| MrNathan Dunn | 750 | |
| MrKevin Glasgow | 1,500 | |
| Rev Tom King | 750 | |
| Mrs Anna Leyden | 1,000 | |
| Mrs SuzanneMatthews | 1,000 | |
| Rev TomMumford | 1,000 | |
| MrMiles Tradewell | 750 | |
| Mrs Louise Annison | 1,000 | |
| MrRory Balfour | 1,500 | |
| Rev'd Nick Brown | 1,500 | |
| DrSamDurley | 750 | |
| Rev Luke Foster | 1,000 |
| 15 St Luke's College Foundation Notes to the Financial Statements (Continued) Year ended31July 2020 |
|||
|---|---|---|---|
| Continuing | |||
| 11 | Grants paidinthe year (continued): | New Awards | Awards |
| Personal awards - for research in theology or religious education (continued) | £ | £ | |
| MrValentin Gerlier | |||
| Miss Christie Gilfeather(Broom) | 750 | ||
| MrEddGraham-Hyde | 1,500 | ||
| Rev Simon Leigh | 1,000 | ||
| MrRichard Lodge | 1,000 | ||
| RevCaraLovell | 1,000 | ||
| Revd ShemilMathew | 1,000 | ||
| Rev'd Denise Maud | 750 | ||
| Miss Hattie Mcinerney | 750 | ||
| RevIan Mobsby | 750 | ||
| Miss Shannon Parrott | 1,500 | ||
| Rev Roger Revell | 750 | ||
| MrSamRylands | 1,000 | ||
| Mrs Maureen Smith | 1,000 | ||
| RevGraham Stevenson | 1,000 | ||
| Mrs Katie Stock | 1,500 | ||
| Miss Selina Stone | 750 | ||
| RevCat Thatcher | 1,000 | ||
| Miss Julia Maria Vidal-Alvarez | 1,500 | ||
| RevAlison Walker | 1,000 | ||
| Rev Tim Wall | 113 | ||
| 1,500 | |||
| Personal awards - for taught studiesintheology or religious education | |||
| Mrs Catherine Johnson | 700 | ||
| Rev BenMorganLundie | 1,500 | ||
| Rev'd MichaelMair | 1,000 | ||
| Rev Gerard Rundell | 1,000 | ||
| Rev'd Catherine Williams | 1,500 | ||
| Rev'dFr.Darren A'Court | 750 | ||
| Revd Ben Bradshaw | 750 | ||
| RevPeter Butchers | 1,000 | ||
| RevChrisMurphy | 300 | ||
| Rev JohnWhite | 750 | ||
| Personal awards paid in the year (total £54,613) | 16,200 | 30,413 | |
| Overall totals | |||
| Total all Corporate Major Awards: | 29,018 | ||
| Total all Corporate Small Awards: | 8,000 | ||
| Total all Personal Awards: | 46,613 | ||
| Total Corporate Small Awards& all Personal Awards: | 54,613 | ||
| Total all awards excluding prizes: | 83,631 | ||
| Total Prizes (not included in tables above): | 400 | ||
| Overall total for all awards& prizes: | 84,031 |