Charity Registration
## THE FRIENDS OF LAUNDE
ANNUAL REPORT
AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30th APRIL 2022
THE FRIENDS OF LAUNDE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022
## CONTENTS
Trustees' annual report
Independent Examiner's report
Financial statements -
Receipts and Payments account
Notes to the accounts
THE FRIENDS OF LAUNDE
TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 30TH APRIL 2022
Reference and administratve informaton:
Charity name The Friends of Launde
Charity number 519042
Principal ofce Launde Abbey, East Norton, Leicestershire. LE7 9XB.
## Bankers
HSBC Bank plc, 2-6 Gallowtree Gate, Leicester. LE1 1DA CCLA Investment Management Limited, Senator House, 85 Queen Victoria Street, London. EC4V 4ET
Independent examiner P Simpson Esq. 2 Coleridge Way Market Harborough Leicester LE16 8FL
## Executve Commitee/ Trustees
The following have served on the Committee since 1st May 2021 Revd. Canon Brian Davis - Chairman Mrs Madeleine Wang - Vice-Chairman appointed 9th October 2021 Mr Patrick Rendall - Hon. Secretary Mrs Sarah Longhill - Hon. Treasurer Mr Jan Zientek - Membership Secretary - Mrs Beverley Lott Mr Bart Hellyer - Resigned 9th October 2021 - Mrs Rachel Kellett The Hon. Mary Rose de Lisle - Resigned 9th October 2021 - Mrs Mary Weston - Mrs Jane Thornalley Ms Stephanie Preston-Hall - Resigned 6th October 2022 Ms Ann Green - Mrs Frances Rendall - Resigned 3rd November 2021 Mrs Miriam Stoate - Resigned 4th February 2022 Ms Jill Bruce - Resigned 4th February 2022 Revd. Michael Playdon - Resigned 9th October 2021
1
THE FRIENDS OF LAUNDE TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 30TH APRIL 2022
## Structure, governance and management
The Friends is an Unincorporated Association affiliated to the Launde Abbey Trust and is a Registered Charity governed by a written constitution originally adopted on 9th March 1987 and subsequently updated on 20th July 2009.
Under the constitution the officers are subject to re-election at each Annual General Meeting (AGM).
Other Committee members are elected at the AGM for a renewable term of three years. One third of these members are required to retire by rotation at the AGM.
Members can receive a copy of the annual accounts and Trustees' Report at the AGM or by application to the Secretary.
## Objectves and actvites
The object of the Charity is to provide financial assistance, to make grants and donations to and provide equipment and apparatus for the furtherance of the objects of the Launde Abbey Trust. When planning the activities for the year, the Executive Committee has considered the Charity Committee in particular, and believe they satisfy the public benefit requirement by supporting Launde Abbey as a Christian retreat and conference centre. It seeks to be a place of refreshment, renewal and peace and is open to all. In addition, membership of the "Friends" is open to anyone who is interested in furthering the work of the Charity.
## Achievements and performance
During the last year we have contributed towards the decorating of the Stable block.
Launde Leaves has been published twice annually and been available electronically. It contains article interest to members and visitors to Launde. We also organised a retreat for members at Launde.
## Financial review
The results for the year are set out in the Receipts and Payments account on page 4 and the Notes on page 5.
## Reserves Policy
The Executive Committee considers that the levels of reserves are adequate to meet the future objectives of the "Friends". We remain committed to supporting the Abbey and have assured the Launde Abbey Trust that we will make funds available to them when we can.
This report was approved by the Executive Committee on 6th October 2022 and signed on their behalf by:
Revd. Canon Brian Davis
2
THE FRIENDS OF LAUNDE
INDEPENDENT EXAMINER'S REPORT
I report on the accounts of The Friends of Launde for the year ended 30th April 2022 which are set ou 4 and 5
Respectve responsibilites of Trustees and examiner y p p pi y audit is not required for this year under section 144(2) of the 2011 Act and that an independent exam d d It is my responsibility to:
· examine the accounts under section 145 of the 2011 Act; · follow the procedures laid down in the General Directions given by the Charity Commis section 145(5)(b) of the 2011 Act; and
· state whether particular matters have come to my attention.
## Basis of independent examiner’s report
pi y and seeking explanations from you as Trustees concerning any such matters. The procedures underta id ll h id h ld b i d i di d l i i i i
## Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
1) which gives me reasonable cause to believe that in any material respect the requirements:
· to keep accounting records in accordance with section 130 of the 2011 Act, and
· to prepare accounts which accord with the accounting records and to comply with t accounting requirements of the 2011 Act; have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
P Simpson Esq. 2 Coleridge Way Market Harborough Leicester LE16 8FL
October 2022
3
THE FRIENDS OF LAUNDE RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 30th APRIL 2022
|Receipts
Voluntary receipts
Subscriptons and donatons
Gif Aid
Actvites for generatng funds
Investment income
Deposit interest
Interest on Gif Aid
Other income
Friends Retreat
Concert at Nosely
Cream teas
Total receipts
Payments
Charitable actvites Launde Abbey Trust
Stable windows
Zoom subscripton
Pathway to Shepherds' Huts
Decoratng
Costs of generatng funds:
Launde Leaves
Postage, statonery & ofce costs
Bank charges
Miscellaneous
Governance costs
AGM expenses
Other payments
Friends' Retreat
Total payments
Excess of receipts over payments
Bank balances at 1st May 2021
Bank balances at 30th April 2022|Unrestricted
2022
2021
£
£
13,528.02
12,812
2,486.50
1,394|
|---|---|
||16,014.52
14,206
10.11
20
1.77
1
2,159.75
1,110
8,160.00
0
409.05
0|
||26,755
15,337|
||0.00
12,000
0.00
120
0.00
3,950
12,000.00
0|
||12,000.00
16,070
677.39
23
251.90
371
82.80
0
0.00
0
0.00
0
3,309.03
0|
||16,321.12
16,464|
||10,434.08
(1,127)
16,917.37
18,044|
||27,351.45
16,917|
4
THE FRIENDS OF LAUNDE NOTES TO THE ACCOUNTS
Accountng policies Basis of accountng
The financial statements have been prepared using the Receipts and Payments basis
The financial statements include all transactions, assets and liabilities for which the Charity is responsible in law. They do not include the accounts of groups that owe their affiliation to another body, nor those which are informal gatherings of members.
## Fund accountng
Funds held by the Charity are as follows:
Unrestricted - Unrestricted funds are expendable at the discretion of the Trustees' in furtherance of the Charity's objects. They include designated funds that have been earmarked for particular projects but the designation has an administrative purpose only and does not legally restrict the Trustees' discretion to apply the funds.
Restricted - Restricted funds are funds subject to specific trusts which may be declared by donors or created through legal process. The funds can only be applied for particular purposes within the wider objects of the Charity.
## ASSETS AND LIABILITIES AS AT 30 APRIL 2021
|Assets
Cash Funds
HSBC - Bank current account No 21302132
HSBC - Bank current account No 01197843
CBF Deposit Fund
Launde Abbey
Other assets
Gif aid receivable
Liabilites
Retreat fees received in advance|Unrestricted
2022
2021
£
£
17,391.65
4,412
384.48
440
9,575.32
12,065
0|
|---|---|
||27,351.45
16,917|
||3,067.25
2,486|
||0.00
1,110.00|
There were no grants to Launde Abbey that were approved but not paid .
The accounts were approved by the Executive Committee on 6th October 2022 and signed on its beh
by The Revd. Canon Brian Davis
5
n No. 519042
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