REGISTERED CHARITY NUMBER: 1066850
REPORT OF THE TRUSTEES AND
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
LANCASTER FOUNDATION
Xeinadin Audit Limited
Statutory Auditor
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

LANCASTER FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025
Report of the Trustees
Report of the Independent Auditors
Statement of Financial Activities
Statement of Financial Position
Statement of Cash Flows
Notes to the Statement of Cash Flows
Notes to the Financial Statements
Page
1 to 4
5 to 6
7
8
9
10
11 to
22

LANCASTER FOUNDATION
REPORT OF THE TRUSTEES
for the year ended 31 March 2025
Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The tamage Roundarion has ole opinded on Choit ine pik ane ofecia medical and phe ioul supon to the sulta,
numerous ongoing local and national youth and community projects.
Admin are evaded e he bail dis not alo the and oration of lied reques or eins ate received, the
Roue toy the nated of the price that are as arded al. t, the fruite endeavor to en is their progres and become.
applications for funding are made.
The tribes confirm erit hey have refered to the and of contes ed in the Charity Commies and eral nude gran
making policy for the year.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
During the year the Foundation continued to support charities promoting a Christian ethos undertaking practical projects
addressing poverty and social issues both in the UK and Africa. Details of grants made in the year can be seen at note 8 to
the financial statements.
Investment performance
Investment income has risen from £3,260,735 last year to £3,490,384.
The aim of the investment portfolio is to generate sufficient income on an ongoing basis to cover grant funding and ongoing
operating costs whilst preserving capital value.
FINANCIAL REVIEW
Financial position
Management of the various investment portfolios has generated income during the year enabling all grants and expenditure
for the year to be met.
strategy in order to cover annual expenditure and donations.
Page 1

LANCASTER FOUNDATION
REPORT OF THE TRUSTEES
for the year ended 31 March 2025
FINANCIAL REVIEW
It is the policy of the charity to maintain sufficient free reserves at a level to generate income adequate to cover annual
donations and management and administration costs. Unrestricted funds were maintained at this level throughout the year.
At the year end, the total value of unrestricted reserves held by the charity was £68,909,554 (2024 - £67,863,472). Within
the total unrestricted reserves there are tangible fixed assets totalling f637,539 which the charity uses itself and £66,257,090
of fixed asset investments which could only be distributed if disposed of.
The balance of the charity's general funds at 31 March 2025 was £2,014,925 (2024 - £551,667). Under Charity Commission
definitions these represent the charity's free reserves.
FUTURE PLANS
The trustees continuously evolve the Foundation's strategic giving plans; however the trustees remain committed to its
Christian principles by supporting charities undertaking practical projects in the community and addressing poverty and
social issues.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust dated 2 July 1997 and constitutes a registered charity.
Charity number 1066850.
Recruitment and appointment of new trustees
The trustees currently foresee no requirement to recruit/appoint new trustees. However, should the need arise, the trustees
will seek advice from suitably qualified advisors to help establish the specific skills required and identify prospective
Should new trustees be taken on, suitable induction procedures will be undertaken and relevant training provided where a
need is identified.
Organisational structure
The trustees who have served during the year and since the year end are set out on page 3.
A board of trustees of four members are involved day to day in the activities of the charity but they also meet more formally
when significant decisions are taken such as the investment of funds.
The organisational structure includes a Development Director who was appointed by the trustees to ensure that Trust monies
are invested carefully and to gain a sustainable income wherever possible. The Development Director also works with other
staff to evaluate charitable projects and future commitments.
Remuneration packages for key management are reviewed annually, taking account of the general market for such roles.
Related parties
Mr JE Lancaster, Mrs R Lancaster and Mr S J Lancaster are also trustees of The Grand at Clitheroe, a charitable company
limited by guarantee. The Lancaster Foundation is currently providing funding to the Grand to assist the development and
day to day running costs of the Grand and also the Skate Park.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1066850
Page 2

LANCASTER FOUNDATION
REPORT OF THE TRUSTEES
for the year ended 31 March 2025
Principal address
Turret House
Edisford Road
Clitheroe
Lancashire
BB7 2LA
Trustees
Dr JE Lancaster MBE
Mrs R Lancaster MBE
Mr SJ Lancaster
Mrs JR Broadhurst
Auditors
Xeinadin Audit Limited
tatutory Auditos
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB
Bankers
Handelsbanken
1st Floor, Wallander House
Capricorn Business Park
Blakewater Road
Blackburn
Lancashire
BB1 5QR
STATEMENT OF TRUSTEES' RESPONSIBILITIES
harity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees ha
ected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practi
(United Kingdom Accounting Standards and applicable law).
Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair
view of the state of affairs of the charity and of the incoming resources and application of resources, including the income
and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will
continue in business.
Page 3

LANCASTER FOUNDATION
REPORT OF THE TRUSTEES
for the year ended 31 March 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the
financial position of the charity and to enable them to ensure that the financial statements comply with the Charities
2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the
charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees have had due regard to guidance published by the Charities Commission on public benefit.
Approved by order of the board of trustees on .....
7201/2026 and signed on is behalfly.
Allans
DY JE Lancaster MBE - Trustee
Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
LANCASTER FOUNDATION
We have audited the financial statements of Lancaster Foundation (the 'charity') for the year ended 31 March 2025 which
comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to
the UK and Republic of Ireland'.
In our opinion the financial statements:
- give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and
application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our
responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial
statements section of our report. We are independent of the charity in accordance with the ethical requirements that are
relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our
other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the
preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that,
individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of
at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant
sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the
Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly
stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so,
consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in
the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements
themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other
information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008
requires us to report to you if, in our opinion:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit.
Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
LANCASTER FOUNDATION
Responsibilities of trustees
As explined more ly in the Stateme and i vices, ane ponsibies, the rustes are responsis for the preparation or the
enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going
concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless
the trustees either intend to liquidate the charity or to cease opcrations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and
relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material
misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs
(UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
) Discussions with trustees and management, including consideration of known or suspected instances of non-complianc
vith laws and regulation and fraud. This includes legislation that affects the running of the Foundation such as the Charitie
Act 2011 and current payroll and employment legislation.
2) Challenging assumptions and judgements made by the trustees and management in their significant accounting
estimates,
most significantly the valuation of investment property.
) Identifying and testing journal entries, in particular those posted with unusual account combinations. This includ
viewing significant entries around the year end and any journals posted throughout the year that are outside the norm
pattern of monthly journals.
A unties descrip an of our coronablties for the audit of the nancial salemons pa cated on poet or cal deporting
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and
Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters
we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do
not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work,
for this report, or for the opinions we have formed.
Xeinaden
Xeinadin Audit Limited
Statutory Auditor
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB
Date: ....
22/01/2026
Page 6

LANCASTER FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 March 2025
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Total
EXPENDITURE ON
Charitable activities
Making Grants to Institutions
Net gains/(losses) on investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
Notes
2
3
2025
Unrestricted
fund
€
745,922
3,490,384
4,236,306
2024
Total
funds
405,152
3,260,735
3,665,887
4
2,815,959
(374,265)
1,046,082
2,582,989
1,794,696
2,877,594
67,863,472
68,909,554
64,985,878
67,863,472
The notes form part of these financial statements
Page 7

LANCASTER FOUNDATION
STATEMENT OF FINANCIAL POSITION
31 March 2025
FIXED ASSETS
Tangible assets
Investments
Investments
Investment property
Notes
10
11
12
CURRENT ASSETS
Debtors
Cash at bank and in hand
2025
Unrestricted
fund
637,539
24,069,016
42,188,074
66,894,629
1,197,690
1,449,305
2,646,995
(632,070)
2,014,925
2024
Total
funds
678,380
25,526,578
41,106,847
67,311,805
1,107,013
3,884,758
4,991,771
(4,440,104)
551,667
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
68,909,554
67,863,472
NET ASSETS
68,909,554
67,863,472
FUNDS
15
Unrestricted funds
68,909,554
TOTAL FUNDS
68,909,554
67,863,472
67,863,472
The financial statements were approved by the Board of Trustes and authorised for issue on. 22/01/2026
and were signed on its behalf by:
gestane
Dr JE Lancaster MBE - Trustee
The notes form part of these financial statements
Page 8

LANCASTER FOUNDATION
STATEMENT OF CASH FLOWS
for the year ended 31 March 2025
Notes
1
2025
Cash flows from operating activities
Cash generated from operations
Interest paid
Finance costs paid
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of investment property
Sale of fixed asset investments
Sale of investment property
Interest received
Dividends received
Net cash provided by/(used in) investing activities
ash flows from financing activitie
Joan repayments in yea
Net cash (used in)/provided by financing activities
(521,267)
(165,619)
(573)
(687,459)
(450)
(233,491)
1,081,227
93,479
1,117,535
2,058,300
(3,806,294)
(3,806,294)
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of the
reporting period
(2,435,453)
3,884,758
1,449,305
The notes form part of these financial statements
Page 9
2024
€
9,302
(192,694)
(1,043)
(184,435)
(3,736)
(2,884,018)
58.,359
985,688
(1,843,707)
(2,028,142)
5,912,900
3,884,758

2.
LANCASTER FOUNDATION
NOTES TO THE STATEMENT OF CASH FLOWS
for the year ended 31 March 2025
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
Net income for the reporting period (as per the Statement of Financial
Activities)
Depreciation charges
Gain on investments
Interest received
inance cost
ividends receive
(Decrease)/increase in creditors
Net cash (used in)/provided by operations
1,046,082
41,291
(471,401)
(93,479)
165,619
(1,117,535)
(90,677)
(1,740)
(521,267)
2,877,594
41,479
(1,761,851)
(58,359)
192,694
1,043
(985,688)
(360,003)
9,302
ANALYSIS OF CHANGES IN NET FUNDS
Net cash
Cash at bank and in hand
Total
At 1/4/24
3,884,758
3,884,758
3,884,758
Cash flow
(2,435,453)
(2,435,453)
(2,435,453)
At 31/3/25
1,449,305
1,449,305
1,449,305
The notes form part of these financial statements
Page 10

LANCASTER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025
1.
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act
2011. The financial statements have been prepared under the historical cost convention, with the exception of
Going concern
The charity's trustees have a reasonable expectation that the charity has adequate resources to continue in
operational existence for the foreseeable future. There are no material uncertainties about the charity's ability to
continue as a going concern. Therefore, the accounts have been prepared on a going concern basis.
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is
probable that the income will be received and the amount can be measured reliably.
Services donated to the charity are recognised as a donation where a fair value can be measured reliably as required
by the SORP.
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity
to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount
of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified
under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular
headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not
accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold
Improvements to property
Fixtures and fittings
Motor vehicles
- 2% on cost
- 10% on cost
- 5 to 10 years
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses.
Such cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is
provided on all property, plant and equipment, at rates calculated to write off the cost, less estimated residual value,
of each asset on a systematic basis over its expected useful life. The carrying values of tangible fixed assets are
reviewed for impairment when events or changes in circumstances indicate the carrying value may not be
Investment property
Investment properties are stated at fair value being their market value at the balance sheet date in accordance with
the Charities Sorp (FRS 102).
Taxation
The charity is exempt from tax on its charitable activities.
Page 11
continued...

LANCASTER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
1.
ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis
the period of the lease.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme
are charged to the Statement of Financial Activities in the period to which they relate.
Investments
Listed investments are shown at their market values. Unlisted investments are valued following an assessment of the
ompany's financial performance. Any aggregate surplus or deficit arising from changes in the market value i
ransferred to gains and losses on investment assets on the statement of financial activitie
Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an
original maturity date of three months or less. For the purpose of the consolidated cash flow statement, cash and cash
equivalents consist of cash and cash equivalents as defined above, net of outstanding bank overdrafts.
Short-term debtors and creditors
Jebtors and creditors with no stated interest rate and receivable or payable within one year are recorded
ransaction price. Any losses arising from impairment are recognised in the income statement in other operatin
expenses.
Interest-bearing loans and borrowings
finance revenue in the income statement.
Page 12
continued...

2.
3.
4.
5.
LANCASTER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
DONATIONS AND LEGACIES
Gift Aided donations
Donations
Refund of Gift Aid tax
2025
487,639
106,179
152,104
745,922
2024
246,301
97,276
61,575
405,152
INVESTMENT INCOME
Rents received
Insurance re-charges
Other fixed asset invest - FII
Deposit account interest
Other interest receivable
2025
2,225,008
44,129
1,117,535
93,765
9,947
3,490,384
2024
2,147821
38,147
985,688
79,375
9,704
3,260,735
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
Making Grants to Institutions
Direct
Costs
€
436,469
2,179,604
Support
costs (see
note 6)
199,886
Totals
f
2,815,959
GRANTS PAYABLE
Making Grants to Institutions
2025
2,179,604
2024
2030,509
Grants were paid to institutions during the year in order to further the charitable aims of the Foundation - see also the
Report of the Trustees. They were paid to the following institutions:
Adullam Program
Altitude Mission
Aruka
Awareness Foundation
B&A Church Bristol
Barnabus Manchester
Betel of Britain
Big Give Trust
Bishop Radford Trust
Bradford Central Foodbank
Brave Church
2025
5,000
5,000
5,000
2,000
3,000
3,830
25,500
3,000
2,000
14,500
2024
:
Page 13
continued...

LANCASTER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
5.
GRANTS PAYABLE - continued
Breakout Trust
Bridge Tha Gap Football
CF180 Christian Fellowship
Charis Ministries
Charnwood 20:20
Cheer Trust
Church Mission Society
Churches Together Lancashire
Cinnamon Network
Colne Parish Church
Community Resources
CROPS
Cry in the Dark
CSW
Dignity
E:merge
Every Life International
Flame Trust
4Front Theatre
Fusion UK Student Link-up
Gateway Trust
Grand Lancashire Environmental
Growing Hope
Handelsbanken charity
Hidden Treasure
Homeless Pastors
Homes of Hope
Home Start
Hope Community Church
Ising Pop
Joanna Guardian Angel
Just-Ice Poynton
Justice and Care
Kairos Housing
Kidz Club Leeds
Kings Cross Church
Kyria Network
Life Church
Light
Linden Church
Love and Joy Ministries
Magdalene Project
Mary's Meals
Medair UK
Message Trust
Message Trust - Prison Ministry and Lighthouse School
Mission Aviation Fellowship
Mosaic Middle East
:
:
Page 14
continued

5.
LANCASTER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
GRANTS PAYABLE - continued
New Generation Music and Mission
Nightsafe
Nxt Move Europe
Oasis Centre
Open Arms International
Open Arms for Rachel
Orchards
Others (less than £1,000)
PAIS
Partner Organisations
Pillar Organisations
Preston Minster Spear
Proclaim Trust
Prodigal Arts
Project Organisations
Rainbow Hub NW
Restore York
Rock Community
Safe Families for Children
Saltmine Trust
Salvation Army
Sophie Hayes Foundation
Sorted Church
Sporting Marvels
St Bartholomews CAP
St Lukes
tonyhurst Charity Day
t James Parish Church for CAl
SW Youth Ministries
The Bridge Project
The Grand at Clitheroe
The Keys Project
The Wayfayer Trust
The 180 Project
TLG the Education Charity
Urban Devotion
24-7 Prayer
Visible Ministries
Wren Bakery
Ykids
You Can Flourish
Youthscape
27,780
1,000
15,000
5,000
201,180
7,000
26,500
87,500
50,000
5,000
165,120
76,750
1,000
2,000
2,100
40,000
2,179,604
:
175,000
34,750
1,000
-
40,000
2,030,509
Page 15
continued...

6.
8.
9.
LANCASTER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
SUPPORT COSTS
Governance
costs
199,886
Making Grants to Institutions
AUDITORS' REMUNERATION
Included within expenditure are amounts payable to the charity's auditors in respect of statutory audit and other
financial services. These were £7,200 and €5,400 respectively.
TRUSTEES' REMUNERATION AND BENEFITS
During the period the entity purchased a corporate membership at Clitheroe Golf Club the primary purpose was to
enable the unlimited use of the board rooms for remote meeting spaces. There is an incidental benefit of a number of
rounds of golf which are available for use by senior management and the trustees.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
STAFF COSTS
Wages and salaries
Social security costs
The average monthly number of employees during the year was as follows:
Administrative
Management
Operations
Grounds
2025
154,890
9,814
164,704
2025
1
2
1
1
2024
150,577
10,947
161,524
2024
1
2
-
1
5
The number of employees whose total employee benefits excluding pension contributions earning over £60,000,
classified within bands of £10,000 is as follows:
2025
£60,000 - £69,999
-
4
2024
-
Total key management personnel remuneration was £56,750 (2024 £109,114)
Page 16
continued...

LANCASTER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
10.
TANGIBLE FIXED ASSETS
Long
leasehold
Improvements
to
property
Fixtures
and
fittings
COST
At 1 April 2024
Additions
At 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
1,090,464
364,096
1,090,464
364,096
289,049
450
289,499
491,293
21,809
513,102
308,452
11,129
319,581
265,484
8,353
273,837
577,362
599,171
44,515
55,644
15,662
23,565
Improvements to property relate to long leasehold property.
11. FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 April 2024
Revaluations
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
There were no investment assets outside the UK.
Motor
vehicles
119,180
119,180
119,180
119,180
Totals
1,862,789
450
1,863,239
1,184,409
41,291
1,225,700
637,539
678,380
Investments
25,526,578
(1,457,562)
24,069,016
24,069,016
25,526,578
On 7th November 2023 following the King's Speech the Leasehold and Freehold Reform Act was announced. The
act has subsequently received Royal Assent, introducing significant changes to the residential leasehold and freehold
markets. This Act, along with the proposed Leasehold and Commonhold Reform Bill announced on 17th July 2024,
has created material uncertainty in the residential ground rent market. The charity has invested in a residential
property fund that is affected by these legislative changes. The Fund's independent valuer has applied a Material
Uncertainty Clause to the valuation of the Fund's residential property assets. As a result, the Fund remains suspended
in accordance with FCA rules. The Charities investment is included at a year end market value of £2,305,726 (2024
£3,026,485) within these financial statements.
The following investments had material valuations at the balance sheet date:
Page 17
continued...

11.
LANCASTER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
FIXED ASSET INVESTMENTS - continued
Listed investments
Unlisted investments
3,732,209
20,336,806
12.
INVESTMENT PROPERTY
FAIR VALUE
At 1 April 2024
Revaluation
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
€
41,106,847
1,081,227
42,188,074
42,188,074
41,106,847
Investment properties were valued on an open market basis on 31 March 2025 by the Trustees and not by a
independent qualified valuer.
Fair value at 31 March 2025 is represented by:
Valuation in 2019
Valuation in 2022
Valuation in 2024
Valuation in 2025
Cost
€
1,728,221
173,612
1,290,275
1,081,227
37,914,739
42,188,074
13. DEBTORS
Amounts falling due within one year:
Rental income debtors
Other debtors
Tax
Prepayments and accrued income
2025
153,280
118,342
24,842
451,754
748,218
2024
144,331
122,831
19,621
293,295
580,078
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continued...

LANCASTER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
13. DEBTORS -continued
2025
2024
Amounts falling due after more than one year:
Other debtors
449,472
526,935
Aggregate amounts
1,197,690
1,107,013
Other debtors includes a loan made to Good News Family Care, in 2015, of £407,831. The loan was to be repaid
over 10 years together with interest accrued at 2.5% per annum. The loan has not been repaid within the original
timeframe.
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
VAT
Other creditors
Accruals and deferred income
2024
3,144
3,653
92,847
3,806,294
534,166
4,440,104
15. MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Incoming
resources
Unrestricted funds
General fund
4,236,306
TOTAL FUNDS
4,36,306
At 1/4/24
67,863,472
67,863,472
2025
19,441
4,266
101,396
506,967
632,070
Net
movement
in funds
1,046,082
1,046,082
At
31/3/25
f
68,909,554
68,909,554
Resources
expended
(2,815,959)
(2,815,959)
Gains and
losses
(374,265)
(374,265)
Movement
in funds
1,046,082
1,046,082
Page 19
continued...

LANCASTER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
At 1/4/23
Net
movement
in funds
Unrestricted funds
General fund
64,985,878
2,877,594
At
31/3/24
€
67,863,472
TOTAL FUNDS
64,985,878
2,877,594
67,863,472
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Unrestricted funds
General fund
3,665,887
Resources
expended
(2,582,989)
Gains and
losses
1,794,696
Movement
in funds
€
2,877,594
TOTAL FUNDS
-
3,665,887
=
(2,582,989)
1,794,696
2,877,594
A current year 12 months and prior year 12 months combined position is as follows:
At 1/4/23
Net
movement
in funds
At
31/3/25
Unrestricted funds
General fund
64,985,878
3,923,676
68,909,554
TOTAL FUNDS
64,985,878
3,923,676
68,909,554
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as
follows:
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
7,902,193
(5,398,948)
1,420,431
3,923,676
TOTAL FUNDS
-
7,02,193
(5,398,948)
1,420,431
3,923,676
Page 20
continued...

16.
LANCASTER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
OTHER FINANCIAL COMMITMENTS
In addition to the grants paid during the year, the Trustees have also authorised the payment of further grants,
Bayabt duried thexpenyiar, as at a March 2020 are a flons of certain conditions. The total amounts authorisd
2025
2024
Adopt a child
Altitude Mission
Bartholomews CAP
Big Church Festival
eakout Tru
AP Centre - Padiha
Changing Lives Charity
Charis Ministries
Cheer Trust
Church Mission Society
Cinnamon Network
Create Bolton
CSW
Everylife
Flame Trust
Friends of Serenity
4FrontTheatreR
Fusion UK Student Link Up
Gateway Trust
Hope Together - Amplify
Joanna Guardian Angel
Kyria Network
Linden Church - Presence Project
Love & Joy
Magdalene Project
Mary's Meals
Message Trust
Mission Aviation Fellowship
NGM
Nightsafe
Nxt Move Europe - The Youth Gathering
Nxt Move - Europe
Oasis Centre
Open Arms International
Open Arms - Danson
Open Arms - Projects
Preston Minster - SPEAR
Rise CIO - Love Blackburn
Salvation Army
Saltmine Trust
Sophie Hayes Foundation
South West Youth Ministries
Sporting Marvels
St James CAP
St Lukes Church
The 180 Project
The Bridge Project (Tadcaster)
216
432
5,000
2,500
40,000
7,000
31.000
9,000
500
500
31,000
1,200
500
55,000
3,000
160,000
5,000
550000
15,000
5,000
7,200
7,000
39,102
72,000
17,660
307,872
95,000
:
96,528
11,500
130,000
5,000
5,000
30,000
10,000
5,400
22,000
46,295
72,000
25,000
35,320
221,208
50,000
120,000
10,000
3,000
10,000
-
1,044
3,750
5,000
1,000
300
20,000
5,000
5,000
12,150
37,500
96,000
15,000
2,500
100,000
5,000
Page 21
continued...

16.
LANCASTER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
OTHER FINANCIAL COMMITMENTS - continued
Visible Ministries
Wayfarer Trust
Youthscape - Satellites Festival
24-7 Prayer (2024 includes A & H Taylor)
45,000
40,000
175,000
1,266,028
45,000
1,500
40,000
212,000
1,479,949
17.
RELATED PARTY DISCLOSURES
Loan interest of €59,441 (2024 - £95,418) has been paid to the trustees, Mr J E and Mrs R Lancaster during the year,
a total figure of Enil (2024 - £3,854,003) is due to the trustees at the year end. This loan was provided to the Charity
at below market value, a separate donation has been recognised at the difference between interest charged and Bank
of England base rate during the period.
During the year the Charity made grants of £201,180 (2024 - £201,754) to The Grand at Clitheroe, a charitable
company limited by guarantee, of which Mr J E Lancaster, Mrs R Lancaster and Mr S J Lancaster are trustees. The
grants were to assist in the development and running of the Grand and also the Skate Park.
During the year to 31 March 2024 the Charity bought investment properties from the JE & R Lancaster
Discretionary Trust, a trust of which Mr J E and Mrs R Lancaster are trustees, at an open market value of
£2,880,000. At 31 March 2025 the trust owed the Charity £68,981 (2024 - £68,981), this is included within debtors.
Mrs A Lancaster, wife of Mr S Lancaster (trustee) received remuneration of £46,800 (2024 - £42,367).
Page 22