|INDEX||
|---|---|
||Page|
|AnnualReport|2-',10|
|Independent Examinef sReport|11|
|Statement of FinancialActivities|12|
|Balance Sheet|13|
|Notes totheFinancial Statements|14-23|





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|FOR THEYEARENDED3{DECEMBE|R2O2O||||||
|---|---|---|---|---|---|---|
|||Unrestrieted|Restrictcd|TOTALFUNDS|||
|||Funds|<br>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&<br>13|232,936|228,329|467,265||605,839|





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|LANCASTERPRIORYANDPARISHCHUR<br>BALANCE SHEET<br>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|





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|<br>2|<br>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<br>Grants anddonations|5|112,6U|36,491|149,125|85,302<br>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||





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|3<br>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|





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|FO|R THEYEARENDED31 DECEMBER2O2O||||
|---|---|---|---|---|
||||2020t|2019<br>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<br>ff||Total<br>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<br>Gain/(loss) onannualrevaluation||8,387|50,000<br>f,642|
||Marketvalueat3{December 2020||129,836|121,449|
||Costat3lDecember2Al9||100,000|100,000|





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|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|



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|Equipment|||
|---|---|---|
|Within'1 year|208||
|Betweenl-5years|6,092|5,276|
||6,300|5,276|



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|||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<br>Fund<br>Fund<br>[€||Restricted<br>Fundt|Total<br>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|





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|FUND DETAILS|||||
|---|---|---|---|---|
|TheUnrestricted fund comprises:|Balanceat<br>lncoming<br>01.01.20nosources|ResourcesTrensferc&<br>Balanceat<br>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<br>01.01.19|lncoming<br>nes{ruroes|ResourcesTransferc&<br>Balance at<br>expendedinvestrnent31.72.19|ResourcesTransferc&<br>Balance at<br>expendedinvestrnent31.72.19|ResourcesTransferc&<br>Balance at<br>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<br>274,598|20<br>376,607|(4,279)<br>(30e,2lM)|(626)<br>38,925|<br>2,961<br> 380,886|
||282,444376,627||(313,s23)|38,299|383,847|





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|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|



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|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)||





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|ASTERPRIORYAND PARISH CHURCHOFST.MARY<br>S TOTHE FINANCIAL STATEMENTS<br>THEYEAR ENDED31DECEMBER2O2O<br>|||
|---|---|---|
|RELATEDPARTIES|2020f|20r9<br>f|
|UnconditionaldonationsreceivedfromPCC members andtheirclosefamily|25,225|25,249|
|SCHEDULE OF DONATIONS|||
|Donationsnominatdvia'Bride'sCharityScheme'andotherspxifieddonations|||
|AchingArms<br>Alzheimer'sSociety||20<br>o|
|Lancaster &DistrictHomelessActionService|10;||
|Little PrincessTrust||5;|
|Macmillan Cancer Support<br>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|



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|||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||<br>-|605,839|