|**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.|
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|||||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|
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|||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|
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|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||
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|**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|
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|||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|
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|**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|
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|**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|
##
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||**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|