Finance Score: -8

Governance Score: 3

Support Score: 3

Excess reserves: -3
Positive trading contribution: +2;Multiple Deficits: -2
Fundraising costs high: -5

Good trustee age range: +3

Gov Income
Grant maker support: +3

Overall GiG Score: -2

LAUNDE ABBEY TRUST

The advancement of the Christian faith:mainly, but not exclusively, by encouraging, developing and co-ordinating opportunities for growth in prayer, mission and spirituality within the Diocese of Leicester;.both within and outside the Diocese of Leicester by providing a welcome and retreat house for members of the public wishing to worship and/or wishing to contemplate the Christian faith.

Analysis by Giving is Great

Positives:

The charity has received Government grants
More than half of total income was derived from trading and fees in the latest year
Spending has increased over the last 3 years relative to the previous period
The Board appears to be well diversified in terms of age

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £3,495,609 available, equivalent to 39 months of spending and so may not be able to utilise additional funding
On several occasions in recent years income has been less than spending
Fundraising costs are extremely high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/22		£1,129	£1,068	£61	£382	£3,510	£3,496	39.3	37	25
31/12/21		£627	£756	£-129	£1	£3,441	£3,431	54.4	21	30
31/12/20		£651	£776	£-125	£1	£3,569	£3,561	55.1	39	25
31/12/19		£1,331	£1,024	£307	£145	£3,716	£3,706	43.4	37	50
31/12/18		£869	£751	£118	£5	£3,384	£3,362	53.7	34	25
31/12/17		£848	£710	£138	£5	£3,267	£3,234	54.7	19	0
31/12/16		£807	£730	£77	£4	£3,160	£3,143	51.7	33	0
31/12/15		£681	£918	£-237	£13	£3,083	£3,069	40.1	32	0
31/12/14		£631	£807	£-176	£8	£3,320	£3,289	48.9	19	0
31/12/13		£664	£678	£-14	£10	£3,496	£3,436	60.8	21	0
31/12/12		£665	£675	£-10	£20	£3,510	£3,425	60.9	31	0
31/12/11	*	£693	£689	£4	£5	£3,520	£3,411	59.4	25	0

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Financial Ratios

Fundraising Costs/Relevant Income: 112%
Fundraising Costs/Total Spending: 35.7%
Highest pay band: Less than £60,000
Liabilities/Assets: 29%
Liabilities/Income: 126%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 39.3 months
Net Current Assets/Spending: 3 months
Quick Ratio: 1.3

Asset Split ?

Established: 13 years

http://www.laundeabbey.org.uk/

info@launde.org.uk

01572 717254

Charity Commission for England and Wales

Listed activities

Religious Activities

GiG Classification

Christian congregations

How it operates

Provides buildings/facilities/open space
Provides human resources
Provides services

Where it operates

Leicestershire,

Who it helps

The General Public/Mankind

Who works here?

37 employees
25 volunteers

LAUNDE ABBEY TRUST

Analysis by Giving is Great

Positives:

Financial issues to consider:

Financial Data ?

Income & Spending ?

Sources of Income ?

Financial Ratios

Asset Split ?

Listed activities

GiG Classification

How it operates

Where it operates

Who it helps

Who works here?

Who's supporting them? ?

How is it governed?

Trustees (9)

Current Trustees appointed

Gender Split

Age Range of Trustees: 45-79

Legal constitution

Gift Aid

Policies in force

Filing Record

Main office

Objectives

Data Sources

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