2022-03-31-accounts - Lancaster Foundation

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			Page
Report ofthe Trustees		1	to	3
Report ofthe independent Auditors		4	to	5
Statement ofFinancial	Activities
Statement ofFinancial	Position
Statement ofCash Flows
Notes to the Statement	ofCash Flows
Notes to the Financial	Statements	10	to	19

				2022	2021
				Unrestricted	Total
				fund	funds
			Notes
INCOME AND ENDOWMENTS		FROiYI
Donations and legacies					115,750
investment income				3,414,408	2,844,700
Total				3,414,408	2,960,450
EXPENDITURE ON
Charitable activities
Making Grants to Institutions				3,041,969	2,519,578
Net gains on investments				6,229,035	2,243,936
NET INCOME				6,601,474	2,684,808
RECONCILIATION	OF FUNDS
Total funds brought forward				61,321,455	58,636,647
TOTAL FUNDS CARRIED FORWARD				67,922,929	61,321,455

		2022	2021
		Unrestricted	Total
		fund	funds
	Notes
FIXEDASSETS
Tangible assets	10	729,567	755,618
Investments
Investments	11	28,460,662	26,455,641
Investment property	12	44,432,555	36,365,322
		73,622,784	63,576,581
CURRENT ASSETS
Debtors	13	946,033	2,633,656
Cash at bank and in hand		1,711,865	2,506,465
		2,657,898	5,140,121
CREDITORS
Amounts falling due within one year	14	(8,357,753)	(7,395,247)
NET CURRENT ASSETS		(5,699,855)	(2,255,126)
TOTAL ASSETSLESSCURRENT
LIABILITIES		67,922,929	61,321,455
NET ASSETS		67,922,929	61,321,455
FUNDS	15
Unrestricted funds		67,922,929	61,321,455
TOTALFUNDS		67,922,929	61,321,455

				STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS
				for the year ended	31March 2022
					2022	2021
				Notes
Cash flows from operating		activities
Cash generated from operations					918,275	(68,223)
Interest paid					(175,419)	(136,257)
Finance costs paid					76
Tax paid					(4,296)	(4,713)
Net cash provided by/(used		in) operating		activities	738,636	(209,193)
Cash flows from investing		activities
Purchase oftangible fixed	assets				(9,836)
Purchase offixed asset investments Purchase ofinvestment property Saleoffixed asset investments					(50,001) (3,843,645 ) 50,427	(3,500,000) (8,196,501) 3,499,999
Sale ofinvestment property						1,049,150
Interest received					177,000	122,975
Dividends received					1,003,794	863,850
Net cash used in investing	activities				(2,672,261)	(6,160,527)
Cash flows from financing		activities
New loans in year					1,139,025	3,167,269
Net cash provided by financing activities					1,139,025	3,167,269
Change ia cash and cash	equivalents		in
the reporting period					(794,600)	(3,202,451 )
Cash and cash equivalents		at the
beginning ofthe reporting		period			2,506,465	5,708,916
Cash and cash equivalents		at the end	of
the reporting period					1,711,865	2,506,465

RECONCILIATION	RECONCILIATION	OFNET INCOME TO NET CASH FLOW FROM	OFNET INCOME TO NET CASH FLOW FROM	OPERATING ACTIVITIES	OPERATING ACTIVITIES
				2022	2021
Net income for the	reporting		period (as per the Statement ofFinancial
Activities)				6,601,474	2,684,808
Adjustments for:
Depreciation charges				35,887	33,975
Gain on investments				(6,229,035)	(2,243,936)
Interest received				(177,000)	(122,975)
Interest paid				175,419	136,257
Finance costs				(76)
Dividends received				(1,003,794 )	(863,850)
Decrease in debtors				1,691,919	72,416
(Decrease)/increase	in	creditors		(176,519)	235,082
Net cash provided	by/(used		in) operations	918,275	(68,223)

	At I/4/21	Cash flow	At 31/3/22
Net cash
Cash at bank and in hand	2,506,465	(794,600)	1,711,865
	2,506,465	(794,600)	1,711,865
Total	2,506,465	(794,600)	1,711,865

Long leasehold		2%on cost
Improvements	to property	10%on cost
Fixtures and fittings		20%on cost
Motor vehicles		5 to 10years

DONATIONS AND LEGACIES
	2022	2021
Gift Aided donations		92,600
Refund ofGifl Aid tax		23,150
		115,750
IiVVESTMENT INCOME
	2022	2021
	8
Rents received	2,169,918	1,828,002
Insurance re-charges	70,169	51,702
Other fixed asset invest - Fll	1,003,794	863,850
Deposit account interest	3	2,823
Other interest receivable	170,524	98,323
	3,414,408	2,844,700

			2022	2021
Achievement through		collaboration - 3G Pitch	175,000
A J Hunter - Presence			8,100	37,555
Alpha International			10,000	10,000
Betel ofBritain			60,000	60,000
Bethany Project				8,000
Big Church Day Out			30,000	50,000
Blackburn Cathedral	Appeal			2,000
Breakout Trust			7,000	14,000
CF180				28,650
Charis Ministries			7,000	1,000
Changing Tunes			1,000
Cheer Trust			8,000	11,000
Christchurch Harpurhey			20,500	21,000
Christchurch Clevedon			5,000	5,000
Christians Against Poverty			12,000	12,000
Christian Solidarity			15,000
Church Mission Society			3,000	3,000
Cinnamon Network			55,000	74,000
Clitheroe Wolves				3,570
Community Resources			15,000	15,000
Community Solutions			1,000	25,000
Crossgate Church				50,500
CSW				5,000
Dignity			17,000	34,000
Everylife Emergency				10,000
Evangelical Alliance			10,000	10,000
Every Life International			130,500	101,000
4Front Theatre			5,000
Gateway Trust			5,000	11,000
Hidden Treasure			18,000	6,000
Home for Good				5,000
Horne Start			10,500	7,500
Hope Metro			105,526
Hope Together			10,000	10,000
Image and Pregnancy	Helpline		2,000
International Aid Trust			10,000
International Aid Trust		- Ukraine	25,000
Joanna Guardian Angel			7,200	7,200

Just-Ice Poynton						10,000
Kyrie Network						5,000
L'Arche							1,000
Life Association							3,000
Light						20,000
Linden Church						37,968	1,000
Love and Joy Ministries						72,000	72,000
Magdalene Project						27,000	27,000
Make Jesus Known						20,000	20,000
Mary's Meals						158,928	158,928
Message Trust						212,052	212,052
Message Trust -	Prison Ministry		and Lighthouse		School	95,820	95,820
Message Trust -	Community	groc		ery project		38,000	50,000
Mission Aviation	Fellowship					50,000	50,000
New Generation	Music and	Miss'	toit			130,504	125,504
Nightsafe						25,000	25,000
Noah Initiative						5,000	7,500
Northpoint Fostering							20,000
Oasis Centre						46,261	25,311
Open Arms International						69,337	98,000
Open Arms for Rachel						1,044	1,044
Others (less than	61,000)					2,278	1,432
PAIS							5,000
Philo Trust						15,000	15,000
Proclaim Trust						10,000	10,000
RVCST - 3G pitch							3,570
Saltmine Trust						96,000	96,000
Salvation Army						1,300	1,300
Sophie Hayes Foundation						20,500	29,500
Source ofHope							23,500
Sporting Marvels						20,000	20,000
StBartholornews	CAP						1,000
Stonyhurst Charity Day						1,000	1,000
StJames Parish Church							15,000
StJames Parish Church for CAP						12,500	17,500
StJames Over Darwen							2,500
SW Youth Ministries						5,000	2,000
Tear Fund						10,000	25,000
The Grand at Clitheroe						122,160
The Wayfayer Trust						26,500	1,500
TLG the Education Charity						50,000	50,000
Turi Micah Project							5,000
The 180Project						70,250
The BigGive						15,000
24-7 Prayer						145,000	105,000
Urban Life							10,000
Urban Saints						25,000	25,000
Vinelife Church	Manchester						30,000
Visible Ministries						42,500	40,000
Wren Bakery						16,000	15,000
Youthscape						40,000
						2,558,228	2,171,936

				Governance
				costs
				6
Making	Grants	to	Institutions	210,270

			2022	2021
Wages and salaries			112,471	83,166
Social security costs			7,409	5,038
			119,880	88,204
The average monthly	number ofemployees	during the year was as fogows:
			2022	2021
Administrative			1	I
Management			2	1
Grounds			I	1

		improvements	Fixtures
	Long	to	and	Motor
	leasehold	property	fittings	vehicles	Totals
			6
COST
At I April 2021	1,090,464	364,096	247,736	119,180	1,821,476
Additions			9,836		9,836
At 31March 2022	1,090,464	364,096	257,572	119,180	1,831,312
DEPRECIATION
At I April 2021	425,866	275,065	245,747	119,180	1,065,858
Charge for year	21,809	11,129	2,949		35,887
At 3 I March 2022	447,675	286,194	248,696	119,180	1,101,745
NET BOOKVALUE
At 31 March 2022	642,789	77,902	8,876		729,567
At 31March 2021	664,598	89,031	1,989		755,618

FIXEDASSET INVESTMENTS
	Investinents
MARKET VALUE
At I April 2021	26,455,641
Additions	50,001
Disposals	(52,000)
Revaluations	2,007,020
At 31March 2022	28,460,662
NET BOOK VALUE
At 31March 2022	28,460,662
At 31March 2021	26,455,641

Fair value	at	31March 2022 is represented
Valuation	in	2019		1,728,221
Valuation	in	2022		4,223,588
Cost				38,480,746
				44,432,555
DEBTORS
			2022	2021
Amounts	falling due within one year:
Rental income debtors			140,073	444,663
Other debtors			108,790	532,247
Tax			11,850	7,554
Prepayments		and accrued income	288,762	270,063
			549,475	1,254,527
Amounts	falling due atter more than one year.
Other debtors			396,558	1,379,129
Aggregate	amounts		946,033	2,633,656

CREDITORS	: AMO	UNTS FALLING DUE WITHIN	ONE YEAR
			2022	2021
Trade creditors			7,277	70,322
Social security	and other taxes		3,965	2,560
VAT			87,203	283,830
Other creditors			7,821,294	6,667,269
Accruals and deferred		income	438,014	371,266
			8,357,753	7,395,247

MOVEMENT	MOVEMENT
			Net
			movement	At
		At I/4/21	in funds	31/3/22
Unrestricted	funds
General fund		61,321,455	6,601,474	67,922,929
TOTAL FUNDS		61,321,455	6,601,474	67,922,929

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted		funds
General	fund		3,414,408	(3,041,969)	6,229,035	6,601,474
TOTAL	FUNDS		3,414,408	(3,041,969)	6,229,035	6,601,474

			Net
			movement	At
		At I/4/20	in funds	31/3/21
Unrestricted	funds
General fund		58,636,647	2,684,808	61,321,455
TOTAL FUNDS		58,636,647	2,684,808	61,321,455

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		2,960,450	(2,519,578)	2,243,936	2,684,808
TOTAL FUNDS		2,960,450	(2,519,578)	2,243,936	2,684,808

			Net
			movement	At
		At I/4/20	in funds	31/3/22
			8
Unrestricted	funds
General fund		58,636,647	9,286,282	67,922,929
TOTAL FUNDS		58,636,647	9,286,282	67,922,929

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		6
Unrestricted	funds
General fund		6,374,858	(5,561,547)	8,472,971	9,286,282
TOTAL FUNDS		6,374,858	(5,561,547)	8,472,971	9286,282

	2022	2021
Betel ofBritain	60,000	60,000
Charis Ministries	6,000
Cheer Trust	12,000
Christchurch Clevedon	5,000
Christians Against Poverty	12,000
Church Mission Society	3,000
Cinnatnon Network		55,000
Dignity		17,000
Evangelical Alliance	10,000

Everylife		130,000
Joanna Guardian	Angel	7,200	7,200
Kyria Network		5,000
Magdalene Project		23,500
Mary's Meals		158,928	158,928
Message Trust		307,872	307,872
Mission Aviation	Fellowship	50,000	50,000
NGM		120,504
Iv'ightsafe			25,000
Oasis Centre		45,261
Open Arms international		70,000	70,000
Philo Trust			15,000
Pais Project		20,000
Saltmine Trust		96,000	96,000
Sophie Hayes Foundation		15,000
Sporting Marvels		20,000	20,000
StJames Youth worker		10,000
The 180Project		39,750
TLG Education charity		50,000
Urban Saints		25,000
Visible Ministries		22,500	20,000
Wayfarer Trust		1,500
Wren Bakery			15,000
24-7 Prayer		145,000	145,000
		1,471,015	1,062,000