| INDEX | |
|---|---|
| Page | |
| AnnualReport | 2-',10 |
| Independent Examinef sReport | 11 |
| Statement of FinancialActivities | 12 |
| Balance Sheet | 13 |
| Notes totheFinancial Statements | 14-23 |
| FOR THEYEARENDED3{DECEMBE | R2O2O | |||||
|---|---|---|---|---|---|---|
| Unrestrieted | Restrictcd | TOTALFUNDS | ||||
| Funds | Funds |
2024 | 2019 | |||
| Note | tf | et | ||||
| INCOMEANDENDOWIT'IENTS | ||||||
| Voluntaryincome | 2(a) | 239,554 | 53,149 | 292,703 | 311,576 | |
| Churchactivities | 2(b) | '11,428 | 15 | 11,443 | 25,747 | |
| Activitiesfor generatingfunds | 2(c) | 15,387 | 1,537 | 16,924 | 90,239 | |
| lncomefrominvestments | 2(d) | 2,5v | 1,752 | 4,286 | 3,055 | |
| Otherincoming resources | 2(e) | 1,920 | 1,920 | 4,909 | ||
| TOTALINCOME | 270,823 | 56,453 | 327,276 | 435,526 | ||
| EXPENDITURE | ||||||
| Raisingfunds | 3(a) | 6,424 | 79 | 6,s03 | 30,809 | |
| Church activities | 3(b) | 419,882 | 53,852 | 473,7U | 344,414 | |
| TOTALEXPENDITURE | 426,306 | 53,931 | 480,237 | 37s,223 | ||
| NETTNCOME/(EXPENDTTURE) | (15s,483) | 2,522 | (152,e61) | 60,303 | ||
| BEFOREINVESTMENTGAINS | ||||||
| NET GAINSON INVESTMENTS | 4,907 | 3,480 | 8,387 | 11,896 | ||
| TR,ANSFERSBETWEENFUNDS | ||||||
| Transferto FabricFunds | (33s) | 335 | ||||
| NETMOVEMENT INFUNDS | (150,911) | 6,337 | (144,574| | 72,199 | ||
| TOTAL FUNDS BROUGHT FORWARD | 13 | 383,U7 | 221,992 | 605,839 | 533,640 | |
| TOTALFUNDSCARRIED FORWARD | 11& 13 |
232,936 | 228,329 | 467,265 | 605,839 |
| LANCASTERPRIORYANDPARISHCHUR BALANCE SHEET AS AT 31STDECENiBER2O2O |
CH OFST.MARY | |||
|---|---|---|---|---|
| 202A | 2A19 | |||
| Note | € | € | ||
| FIXEDASSETS | ||||
| Tangible fixedassets | 60,938 | 55,3'10 | ||
| CURRENT ASSETS | ||||
| Stock | 3,815 | 3,337 | ||
| lnvestments | 129,836 | 121,M9 | ||
| Debtors | 44,460 | 48,732 | ||
| Cash at bank and in hand | 252,669 | 401,809 | ||
| 430,780 | 575,327 | |||
| LIABILITIES | ||||
| Creditors- amounts fallingduein oneyear | 30,453 | 24,798 | ||
| NETCURRENT ASSETS | 400,327 | 550,529 | ||
| TOTALNETASSETS | 11 | 461,265 | 605,839 | |
| PARISHFUNDS | 13 | |||
| Unrestricted | ||||
| General | 't1&13 | 229,975 | 380,886 | |
| Designated | 11&13 | 2,961 | 2,961 | |
| Restricted | 11&13 | 228,329 | 221,992 | |
| 461,265 | 605,839 |
2 |
INCOMEAND ENDOWMENTS |
|||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | TOTAL FUNDS | ||||
| Funds | Funds | 2020 | 2019 | |||
| (a) | Voluntary income | Note | f | I | f, | € |
| Committed giving: | ||||||
| Gift aid donations | 68,246 | 68,246 | 69,382 | |||
| Othercommittedgivlng | 8,445 | 8,445 | 9,335 | |||
| Tax recoverable | 21,989 | 2,275_ | 24,264 | 23,843 | ||
| Collections(open plate)at allservices | 8,821 | 8,821 | 23,332 | |||
| Legacies Grants anddonations |
5 | 112,6U | 36,491 | 149,125 | 85,302 75,421 |
|
| Other income and sundry donations | 19,419 | 14,383 | 33,802 | 24,961 | ||
| 239,554 | 53,149 | 292,703 | 311,576 | |||
| (b) | Churchactivities | |||||
| Newslink | 52 | 52 | 737 | |||
| Fees | 2,783 | 15 | 2,798 | 11,2M | ||
| Use ofChurchbuildings | 205 | 205 | 637 | |||
| Contributions to otherexpenses | 8,095 | 8,095 | 9,747 | |||
| Social&outreacheventsincome | 187 | 187 | 3,083 | |||
| Youngpeople,families& outreach work | 106 | 106 | 339 | |||
| 11,428 | 15 | 11,443 | 25,747 | |||
| (c) | Activities forgeneratingfunds | |||||
| Bookstall | 1,866 | |||||
| Fundraising events | 1,03; | 1,537 | 2,573 | 55,058 | ||
| Coffee shop | 3,671 | 3,671 | 12,978 | |||
| Use of Church buildings | 10,680 | 10,680 | 20,337 | |||
| 15.387 | 1.537 | 16,924 | 90,239 | |||
| (d) | lnvestment income | |||||
| Dividends onCBF lnvestmentFund Shares | 2,132 | 1,512 | 3,6i44 | 2,144 | ||
| Bank andother interest | 402 | 240 | 642 | 911 | ||
| 2,534 | 1,752 | 4,286 | 3,055 | |||
| (e) | Other incoming resources | |||||
| lnsuranceclaims | 1,920 | 1,920 | 4,909 | |||
| TOTAL | 270,823 56,453 | 327,276435,526 |
| 3 EXPENDITURE |
|||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | TOTALFUNDS | |||
| Funds | Funds | 2020 | 2019 | ||
| Note | f, | G | €€ | ||
| (a)Raisingfunds | |||||
| Bookstallexpenses | 827 | 827 | 2,126 | ||
| Coffeeshopexpenses | 3,406 | 3,406 | 5,435 | ||
| Eventexpenses | 1,097 | 79 | 1,176 | 21,627 | |
| Publicity costs | 1,005 | 1,005 | 1,343 | ||
| Committedgivingand Gift Aidenvelopes | 89 | 89 | 278 | ||
| 6,424 | 79 | 6,503 | 30,809 | ||
| (b)Churchactivities | |||||
| Missionary and charitablegiving | 13 | 7,915 | ,u1 | 8,272 | 7,889 |
| Ministry:Diocesanparishshare | 83,813 | 83,813 | 75,329 | ||
| Other ministry costs | 6,033 | 6,033 | 10,395 | ||
| Music | 227 | 5,214 | 5,41 | 12,618 | |
| Salaries | 53,497 | 31,127 | u,624 | u,492 | |
| Churchrunning and maintenance | 40,130 | 1,423 | 41,553 | 99,535 | |
| Majorfabricrepairs | 20/,,812 | 11,626 | 216,438 | 22,218 | |
| Young people,families& outreachwork | 536 | 2,139 | 2,675 | 7,440 | |
| Social & outreach eventscosts | 487 | 487 | 3,386 | ||
| Newslink &TheSee | 93 | 93 | 686 | ||
| Mustard Seed@PrioryHallexpenses | 1,948 | 1,948 | 1,498 | ||
| Stationery,telephoneandoffice equipment | 6,874 | 6,874 | 6,518 | ||
| Officeequipmentleasecharges | 1,603 | 1,603 | 1,493 | ||
| Bankcharges | 1,lU | 18 | 1,202 | 1,477 | |
| Independentexamine/sremuneration | 3,621 | 3,621 | 3,025 | ||
| Sundryexpenses | 1,037 | 1,037 | |||
| Depreciation & loss ondisposals | 8,020 | 8,020 | 6,415 | ||
| 419,882 | 53,8s2 | 473,7U | 344,414 | ||
| TOTAL | 425,30653,931 | 48,0,237 | 375,223 | ||
| 2A2A | 2019 | ||||
| € | I | ||||
| STAFFCOSTS | |||||
| Wagesand salaries | 80,739 | 80,938 | |||
| Employer'spensioncontributions | 968 | 699 | |||
| Socialsecuritycosts | 2,917 | 2,855 | |||
| u,624 | u,492 |
| FO | R THEYEARENDED31 DECEMBER2O2O | |||
|---|---|---|---|---|
| 2020t | 2019 f |
|||
| 5 | GRANTS AND DONATIONS RECEIVED | |||
| Earl PeelTrustFund | (2,017) | 26,871 | ||
| TheJohnPillingTrust | 5,000 | 5,000 | ||
| Kings Own Chapel Trustees | 25,000 | 4,495 | ||
| Lancaster Priory MusicTrust | 6,703 | 8,800 | ||
| Listed Places ofWorshipGrantScheme | 38,790 | 4,892 | ||
| TheMossMemorialTrust | 15,000 | 15,000 | ||
| National LotteryCommunityFund | 9,998 | |||
| PrioryHallTrusteeFund | 9,635 | uu: | ||
| HMRCJob Retention Scheme | 5,460 | |||
| Allchurches Trust | s,000 | |||
| DuchyofLancaster Benevolent Fund | 3,000 | |||
| HistoricEnglandCultural RecoveryFund | 31,554 | |||
| TheLord Shuttleworth Foundation | 500 | |||
| JillFranklinTrust | 500 | |||
| WMB Trust | 2,000 | |||
| Elizabeth & RichardWilson CharitableFund | 3,000 | |||
| 149,125 | 75,421 | |||
| FIXEDASSETS FORUSEBY THEPCC | Office | Other | ||
| EquipmentEquipment ff |
Total E |
|||
| GROSSBOOKVALUE | ||||
| At1January 2020 | 4,192 | 101,944 | 106,136 | |
| Additions | - | 14,443 | 14,443 | |
| At31December2020 | 4,192 | '116,387 | 120,579 | |
| DEPRECIATION | ||||
| At1January2020 | 4,192 | 46,634 | 50,826 | |
| Charge for theyear | 8,8't5 | 8,815 | ||
| At31December2020 | 4,192 | 55,449 | 59,641 | |
| NETBOOK VALUE | ||||
| At31December2020 | - | 60,938 | 60,938 | |
| At31 December20'19 | - | 55,310 | 55,310 | |
| 2A20 | 2019 | |||
| INVESTMENTS | ||||
| Current asset investment | ||||
| 6,349.98CBFChurch of EnglandlnvestmentFundlncomeShares | ||||
| Marketvalue at1January2020 | 121,449 | 59,U7 | ||
| Additioninyear Gain/(loss) onannualrevaluation |
8,387 | 50,000 f,642 |
||
| Marketvalueat3{December 2020 | 129,836 | 121,449 | ||
| Costat3lDecember2Al9 | 100,000 | 100,000 |
| OR | THEYEARENDED3IDECEMBER2O2O | ||
|---|---|---|---|
| 2020 | 2019 | ||
| E | I | ||
| 8 | DEBTORS | ||
| lncometax recoverable | 17,405 | 18,266 | |
| Other debtors | 11,981 | 2,362 | |
| Prepayments | 15,074 | 28,1M | |
| 44,460 | *;r" | ||
| LIABILITIES: AMOUNTS FALLINGDUEWITHIN ONE YEAR | |||
| Othercreditors | 21,055 | 7,310 | |
| Accruals | 4,157 | 10,619 | |
| lncome receivedinadvance | 5,241 | 6,869 | |
| 30,453 | 24,798 |
| Equipment | ||
|---|---|---|
| Within'1 year | 208 | |
| Betweenl-5years | 6,092 | 5,276 |
| 6,300 | 5,276 |
| Unrestricted | |||||
|---|---|---|---|---|---|
| GeneralDesignated | Restrieted | ||||
| Fund | Fund | Fund | Total | ||
| €E | g | f | |||
| Tangible | fixed assets | 60,938 | 60,938 | ||
| Current | assets | 191,978 | 2,961 | 23s,W1 | 430,780 |
| Current | liabilities | (22,941| | {7,s12|(30,453) | ||
| 229,975 | 2,961 | 228,329 | 461,265 |
| Compar | ativeofnetassetsbyfund: | ||||
|---|---|---|---|---|---|
| Unrestricted | |||||
| GeneralDesignated Fund Fund [€ |
Restricted Fundt |
Total f |
|||
| Tangible | fixed assets | 55,310 | 55,310 | ||
| Current | assets | 347,915 | 2,%1 | 224,451 | 575,327 |
| Current | Iiabilities | (22,339) | (2,4s9) | (24,7e8) | |
| 380,886 | 2,961 | 221,992 | 605,839 |
| FUND DETAILS | ||||
|---|---|---|---|---|
| TheUnrestricted fund comprises: | Balanceat lncoming 01.01.20nosources |
ResourcesTrensferc& Balanceat expendedinvestment31.12.20 |
||
| gainsllosses | t | |||
| Designated funds: | ||||
| Vicar'sfund | 2,961 | 2,961 | ||
| 2,961 | 2,961 | |||
| Generalreserve | 380,886270,823 | (426,306) | 4,572 | 229,975 |
| 383,847270,823 | (426,306) | 4,572 | 232,936 |
| ComparativesofUnrestrictedfunds: | Balanceat 01.01.19 |
lncoming nes{ruroes |
ResourcesTransferc& Balance at expendedinvestrnent31.72.19 |
ResourcesTransferc& Balance at expendedinvestrnent31.72.19 |
ResourcesTransferc& Balance at expendedinvestrnent31.72.19 |
|---|---|---|---|---|---|
| gainsllosses | |||||
| € | E | € | g | ||
| Designated funds: | |||||
| Education,youthand children'sfund | 3,766 | (179) | (3,584 | ||
| Music fund | 3,780 | 20 | (3,800) | ||
| Charity fund | 300 | (300) | |||
| Vicar'sfund | 2,961 | 2,96; | |||
| Generalreserye | 7,U6 274,598 |
20 376,607 |
(4,279) (30e,2lM) |
(626) 38,925 |
2,961 380,886 |
| 282,444376,627 | (313,s23) | 38,299 | 383,847 |
| FUND DETAILS(continued} | |||||
|---|---|---|---|---|---|
| TheRestricted fund comprises: | Balanceat | lncoming | Resources | Transferc& | Balanceat |
| 01.01.20 | resounces | expendedinvestment31.12.20 | |||
| gains/losses | |||||
| € | f | g | f, | e | |
| Priory Fabric Fund | 39,247 | 20,774 | (s,724|33s | 50,632 | |
| Education, Youth & Children'sWorkFund | 122,634 | 9,135 | (12,3s9) | 3,480 | 122,886 |
| Marsh Fund | 11,619 | 7,502 | (12,631) | 6,490 | |
| Music Fund | 19,476 | 16,859 | (13,576) | 22,759 | |
| Organ fund | 23,256 | 867 | (3,336) | 20,787 | |
| CharitableObjectsFund | 5,7U | 1,316 | (2,305) | 4,775 | |
| 221,99256,453 | (53,e31) | 3,815 | 228,329 |
| Comparativesofrestrictedfunds: | |||||
|---|---|---|---|---|---|
| Balanceat | lncoming | ResourcesTransfensBalanceat | |||
| 01.01.r9 | resources | expendedinvestment31.12.19 | |||
| gains/losses | |||||
| f | t | E | € | € | |
| PrioryFabricFund | 35,996 | 3,693 | (3,847) | 3,405 | 39,247 |
| Education,Youth& Children'sWorkFund | 125,748 | 7,800 | (11,315) | 397 | 122,630 |
| MarshFund | 3,150 | 17,503 | (9,103) | 69 | 11,619 |
| MusicFund | 19,442 | 26,M6 | (26,812) | 19,476 | |
| Organ fund | 26,556 | 298 | (3,5e8) | 23,256 | |
| Charitable Objects Fund | 5,856 | 2,1U | {2,276) | . | urun:_ |
| Vicar's fund | 2,431 | 530 | (2,e61) | ||
| TheVicar&Churchwardens'Fund | 27,452 | (4,224) | (23,273) | ||
| Sundryfunds | 2.422 | (1,000) | (1,422) | ||
| 249,053 | 58,899 | (62,17s) | (23,785) | 221,992 |
| ComparativesforEndowmentfunds: | Balanceat | Revaluation | lnvestment | Transfers | Balanceat |
|---|---|---|---|---|---|
| 0r.01.19 | inyear | lncome | in year | 31.12.19 | |
| € | E | f | g | g | |
| ChurchChancelFund | 2,143 | 294 | (2,437) | ||
| 2,143 | 294 | - | (2,437) |
| ASTERPRIORYAND PARISH CHURCHOFST.MARY S TOTHE FINANCIAL STATEMENTS THEYEAR ENDED31DECEMBER2O2O |
||
|---|---|---|
| RELATEDPARTIES | 2020f | 20r9 f |
| UnconditionaldonationsreceivedfromPCC members andtheirclosefamily | 25,225 | 25,249 |
| SCHEDULE OF DONATIONS | ||
| Donationsnominatdvia'Bride'sCharityScheme'andotherspxifieddonations | ||
| AchingArms Alzheimer'sSociety |
20 o |
|
| Lancaster &DistrictHomelessActionService | 10; | |
| Little PrincessTrust | 5; | |
| Macmillan Cancer Support MarshCommunityCentre |
5; | 181 |
| More Music | 105 | |
| Ronald McDonald House | 9 | |
| Safenet | 10; | |
| St John's Hospice | 36 | |
| TheOliveBranch | 1,765 | 141 |
| Wolfirood | 67 | |
| 2,015 | 626 | |
| Donationsfromcharitablegivingprognamme | ||
| CMS | 1,000 | 1,000 |
| DECCycloneldaiAppeal | 300 | |
| DEC CoronavirusAppeal | 200 | |
| EducAidSierraLeone | 1,000 | 1,000 |
| MarshCommunityCentre | 1,000 | 1,000 |
| Musalaha UK | 1,000 | 1,000 |
| Open Doors UK | 1,000 | 1,000 |
| ReachingtheUnreached | 1,000 | 1,000 |
| 6,200 | 6,300 | |
| Donationsfromspecialseruices, collectionsandevents: | ||
| Children'sSociety-Christingle Service andChristmasstars | 57 | 697 |
| RoyalBritishLegion | 266 | |
| 57 | 963 | |
| TOTAL DONATIONS | 8,272 | 7,889 |
| Unrestricted | RestrictedEndowmentTOTAL FUNDS | RestrictedEndowmentTOTAL FUNDS | RestrictedEndowmentTOTAL FUNDS | ||
|---|---|---|---|---|---|
| Funde | Funds | Funds | 2019 | ||
| Note | € | f€t | |||
| INCOMEANDENDOWMENTS | |||||
| Voluntaryincome | 2(a) | 264,,218 | 47,358 | 311,576 | |
| Churchactivities | 2(b) | 25,587 | ,160 | 25,747 | |
| Activities forgeneratingfunds | 2(c) | 79,sil | 10,885 | 90,239 | |
| lncomefrominvestments | 2(d) | 2,559 | 496 | 3,055 | |
| Otherincomingresources | 2(e) | 4,909 | 4,909 | ||
| TOTAL | 376,627 | 58,899 | 435,526 | ||
| EXPENDITURE | |||||
| Raisingfunds | 3(a) | 22,423 | 8,386 | 30,809 | |
| Churchactivities | 3(b) | 291,100 | 53,314 | u4,414 | |
| TOTAL | 313,523 | 61,700 | 375,223 | ||
| NETTNCOME/(EXPENDTTURE) | 63,'t04 | (2,801) | - | 60,303 | |
| BEFOREINVESTMENTGAINS | |||||
| NETGAINS ONINVESTMENTS | f,2a5 | 397 | 294 | 1'1,896 | |
| TRANSFERS BETWEEN FUNDS | |||||
| Releaseofrestrictedfunds | 27,094 | {27,494) | |||
| Release of endowmentfunds | 2,437 | (2,437) | |||
| NETIilOVEMENTIN FUNDS | 101,403 | (27,061|(2,143) | 72,1se | ||
| TOTAL FUNDS BROUGHT FORWARD | 282,444 | 249,053 | 2,143 | 533,640 | |
| TOTALFUNDSCARRIED FORWARD | 383,847221,992 | - |
605,839 |