Registered charity number 1131372 LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2023
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 INDEX Annual Report 24 Independent Examinerfs Reptr Statement of Fin8n¢ial Activities 10 Balartce Sheat Notes to the Flnancial Ststèments 12-21 Pa9e 1
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 310ECEMBER 2023 Admlnl8trntlvo Informatlon The Parothial Church CounrAI (PCCI of the Ecdeskgsli¢xl path of St Mary wth Sl John & St Anne, Lancaster is a charity regIsted with the Charity Commission as reqLtir&J by the chare$ Act 2011. The chaiity 1$ usualty kn¢MI as Lancaster Priory and Pansh Churth of St Mary PCC. The registered charity numb8r is 1131372. Lancaster Priory and Parish Church ¥iated in St Marls Gate. L8rKa8ter and i¥ part of Ihg DioGese of Blackbym within thè Chur() of England. The Correspondence addre88 1$ The Vrage, Piiw Close. Lancaster. LA1 1YZ. PCC members {who are the trustees of the charity) have 8eNed from 1 January 2023 until tr dat8 this report was approved are.. Re%/d L 8 Vasey-S8undw¥ Ro¢d Dr L Johnson Ch8lr from 25.06 23 Exoff nsed La Mini Mrn L C KifU8y CarKJn C Mullinoaux hurc Dame P Fielding Mr D Ru88•11 to 14.06.23 from 14.06.23 S nodRe Oio Dr A E Carter Prof. R G Carter ne Dame P Fiehling Mrs B A Gardner Mx K Wilkin%)n. Roberts J D Lthis Treasurer 10 05 06.23 Imm 05.06.23 Mfs T K Duffield Dr C P HeFvenstall from 05.06.23 fmm 05.06.23 El d Member ' Mrs M E Davis Mrs S M Hutchln8 Mrs V J Pearson to 21.05.23 to 21.05.23 to 21.05.23 To seThe unJlAPCM 2024 Prof. J P DKin8on Mr B Greonwood Mr A M Nicholson Mr D J RedrrLve M$ K N R¢)bin80n Mr¥GMWitt To seNg unlilAPCM 2025 Mts C DidEinson Mr P M Mr$ 8 D Roberts MrJ N Wwalker To serrfo urtA7APCM 2026 IAr IA G Salameh IAiss J M Simpson Vicwhair from 21.05.23 Page 2
LANCASTER PRIORY AND PARISH CHURCH OF ST. IAARY ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2023 Adm5nlstrative inforniation l¢ontlnuodl Ind en min S W Hinnyn FCA CTA Scott & Wilkins Datton House 9 Dalton Squar• Larraster L411WD 8arclays Bank Wc 38 Market Street Lancaster LA1 1HR CAF Bank Llmited Kingg Hill Wèst Malling Kent ME19 4TA SolicJtors= 0g1ethpe. Sturton & Gillibrand 16 Ca$Ye P• Lancaster 11YG Day to day manag8ment18 delegated lo the IncUMbL Re¥d L B Va8ey-Saunder•. Structur9> gov•rnan¢• •nd man•gom•n¢ Th• Parochial Church Counul is ? corporat• body estsblth•(l ty th? Chwth of Engt•J. The PCC operatss undef th8 Parochlal Church Cwnryl Powefs Mwure. The PCC re9i•red with the Charity Commls81on on 29 August 2009. Th6 method ol appoinkn•nl of PCC Momr8 is sol in lh• Church Repron100n Rul•8. All Chur¢* attend•g8 Are encouraged to register on Ihe Electoral Roll and stand for election to the PCC. M•mb•rs of th• PCC ore •rther ex offirjo or elecled by the Annual Parish Churth Me•tkng {APCMI ac0)rd9n the Church Representation rules. Each •lart•d m•mb•r holds thwr seat for 3 y•ar¥. One third of the ected member8 of the counrAI retire each year. Th• PCC m¥mb•rs ar• re8pon8ibl8 for maklng dK4ilon8 on all mattern of g¥nor81 ¢0M and ImpDrt8nce lo the p8dah Including decldlng on h¢y4 the funds of the PCC ore to b& spenL The PCC ha$ wde re$pon8lbl1eS and has CL)mmittees and groups which me&t thg regular meeling8 of the PCC and roport back to the PCC. eath dgallng vhth a parts¢ular agpect of parish lrfe. The followng groups have been aclive during the year.. The Standin C0mmI oo is the onty eommittee required by law. has power to transact the trNJsiness of the PCC btheen its mo•ling$, Subject to any direclions given by the PCC. It aL80 receives and cxjnsthrs reports conceming the fabric of the build1ng and church finance8. The Resources Grou monitors tho financial affairs of th• PCC in conjunthon with the Treasurer, has responsibilitie5 for budgeting anfj also a$se5$ing other non-monetary resources availab. The Wodd and CommunI GroU looks to develop links wth various ¢harib&s $upo)rted through our charitable gmng Fryramme. The Pro - GroU look8 at all aspects of maintaining the church building. All 9rcwps arè rnguwy invitod to a PCC nwating to report on their acbvitses and submit thèir minutes lo the PCC for 1nfom)aln. The Mini TtsLm, led by the 8. ConSts of licen8ed mlnlsters and the Marsh Outreach worker. It ha8 no legal r8$pon$ibilities. bul develops plans arKI proposals for the PCC on the mission. ministy and pastoral care within the parish. em Dufing the year the PCC has continu8d to ass variw$ major risk arèas have an impact on tho rk ofthé Church in the parish. We have a Child Protecb'on and Vulnerable Aduhs Pdicy in place, a set of financial procedures for monttoring on monthly basis the acttjal resutts compared lo the annual budget, and regular inspections to monitor the condfaon of the building. In addthon, heatth & safety matters, fire risk. Insuran cover and Serty continue to be reviewed on an ongo¢ng basis. Page 3
LANCASTER PRIORY AND PARISH CHURCH OF ST. AIARY ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2023 Aim and purposes The Parochial Chur¢h Counol IPCCI has th• r•sponbilty of ctroperatry Vilh the incumben( Revd L Vasey-saunders, in promoling in the e¢desia$ti¢al parish. the thole mi88h)n of the Chyrch. pastoral. evangefislic, soiial ecajmenical. Objeetivès and •cti¥ities Lancaster Priory 1$ a wekoming. irU$1ve, Christian c¥)mmunty. The PCC is committed to enabling as many people as possible to worship al Lancaster Priory and to become part of the parish communty. The PCC maintains an oveiview of worship and music and services are revIevd on an On9ng basis. The Commission's guidance on public benafft atKI. in paitthlar, th8 suppl8m•ntary guidancé on charities for the advancement of religion has been considered in planning the acknV88 for the year. In part¢cular, we promote a parish communty whith INes out its faith through.. Worship and prayef. Provision of pastoral cère for peOe living in the parish. Mission and Outrea¢h The Church 1$ normally opon seven days a week to all who wsh to Vi5rL attend any of the mid week or Sunday ty spend time in priv¥te prayer. Th• Church is ¥vail•b for o)mmunrty group, schools and organi8ab'on8 to usa for special serv¢ces, events and COnrts. A¢hhv•monts and p•rfomianc• Durfng 2023 the Proory offered 4 range of yervlees ththJ the ek and over the ye•r. Holy Communlon IBCPI, Prlory Eucharist chdr and Young Church ICWI and Choral Evengong IBCPI on Sunday vith a Family Service held on one Sunday aftemoon per month, Tuesday moming Eucharist {BCP), d8ity moming prayw, Epiphany. Advent and Chrtstmas Carol Services, Midnight Ma88 and 8ervice8 on other 8peaal days in the Churc year. In Septernber 2023 we began a wèèkly service of Hoty Communion with prayer for healing on a Thursday at 12.30pm, this has been well received and Continues to 9row. W• havo al80 Increa8•¢J the frequency of Taizè StThiCe8. 4iming for once a warter and tht are 8gaSn, well recelved. Wedding, funeral and baptism services reguLidy tak8 Pl wtth sp8(xal seThi8 for bcal 8th00ls and other group8 as requir•d, p•rticularfy during the Christmas period. There were 184 names on Ihe electoral roll at 31 December 2023. The average regular weekly attendance counted during Octo< wa$ 173. Throughout 2023, attendance has continued to incse and continue lo see an increasing number of people attsnding midw••k and $pwal wvi¢•8. Rggul8r emall8 entitled Priory People at Prayer have been c¥rtrJlated thrgh$Xrt the year to all tr108e on the mailing Ilsl. To 988 more about worghlp Ihrou9hout th• y¢ar, ptease rlj th¢ rev4V of the year. Pastoral Care The viear IcJelher with retired dergy, licensed lay ministers and pastoral care assistants regulady visit the sick and housgbound members of the congregabon. Followng the estsblishmerrt of the pastoral contact scheme in 2022, we continue to share responsibilty for ¢ommuni¢ab"on of the of our o)ngregalion and re$pon8e lo those need8 Wrth a Slightly broader group than the dergy and mini$ty team. In 2023 we fimity re-establi$he(1 services in Care Homes. We work as a der team ol licensed clergy, dergy With p8rmission to officaate, licansed Eay ministers and authorised lay ministers. It has been 8 p8clar joy to retum to and eslablish both a monthly communion service al Nazareth House and to begin to visit residents who are nol able to attend the ¢hapel. We hope to continue to devew our pastoral ¢are, as a shared minlsty with lay and ordained people working tOgettr. The PCC has agreed to support the developmenl of Anna Chaplainoy in OUT parish and we look forward to this in 202415. Diocesan VI0 2026 and Parish Vision The PCC has been ably served by Awena Carter as wsion champion for some years. we thanked her for her service as she stepped down from this rolt and Petèr Hopknod took this manlle. Thi$ year the PCC engaged in it3 own discernment process for vision for the luture. The PCC began devdoping its strategic Fdan, to ensure that th• vision disc8m•d in 2022 moves foThvard. Thi$ Vision is mentiord elsewhere in this TewL Page4
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Achievgm$nts and perform•n¢• {continued) Mis d Outreach A sel of three leallets are 8valLable for visitorn: 10 Highlights of the Piiory. Spiribjal Walk and Stsined Glass Window Walk as well a8 short gLEides produced in a nurnber of languages. The Worfd and Communty Group has established links wth 8ix ¢harities which the PCC agreed to support from our Charitable Giving Programme. Infomiation about the tharities is nomally displayed in church, featuring a drfterent ¢h8rity each month. Representab'ves from the ¢harthes are invited attend the 10.00am Sunday Service occasionally. In 2023, Miriam Sèsay-mason from EducAJd and Fr. Arockiaraj from Reaching the unrea¢ stM)ke to th• congiegab.on on the work of their organisalions Gift$ of fruit and vegtsbl8s received al tho Haryest Festrval in Odoberwere dislritNJted to those in need. Pri W k on the Marnh The Priory ¢¢mmunty %)rker h8$ continued to vth very dosely t4th the Marsh Ctynmunity Contre. a small Ch•rfty in the Maf$h Council Estate. antj area of scrAal dewlvation. The community worker regularty visits is018 eklor1y folk on the estale. bul the majority of her Vrk is based around organising and leadbng, wlth th• help of vduntoers. 4 groups that moot every wafjk at the Communty Centre." The Coffee This ladies friendship group meets 0ry week to chol. aY board gwnas and support eath other. The majority of the members are elderty and qurte isolated or have signffi¢ant mentsl h•alth problem8. ni This group 18 a8 much about fri•nd8hlp 08 tt l• about #lnging. The group sing8 for pl8awr• but dKI sing a concert in tho Priory Church at Chri*ma•. Mini hm Th18 mother and toddler group m8ets in thè crMnity C•ntre and h88 Seen numr9 and frIendshi grow. nln Thi$ gTOUP wag desigwl to attraca a wider range of pwlg. rA>Bbfy 8orM men 4rKI trm8 like being outdoor8. The group focu8 on th¥ groundy around th• Communty Centre at tho prent tim8. ein A small frièndship and 8UPPOrt group for blind ajutts UviTrJ in th• w. fm8 The Centre Manager 88k8d the communlty I1rker rf she Would 8lart and Choir this group of 9 people. Members lÈv8 locally or arg r•oulady Involved in thè Centr• and area It has b88n very usefvl to have the I1 Cty Councillor on the Committee. Tho group started in SW•mber 2021 and ha$ met 1c¢ a tami to di5j88 Ihe noads of the area and Centre and has worf(ed to see change. mm view o The year (January) began quielty y1h on Epiphmy Carol Servica and a servi at wthith we marked Holoc8u8t Memorial Day. The end of the morth saw the Priory host the book lau for the Rt Ravd Jill Duff8 (Bishop of Lanc85ter} new book 'Lighb'ng the Beacons,. Two Youth GfOUPS also began meetsng in January- one for 9-11'J and another tor 12-18's. Thesè groups began the year exOring issues arourld mental health and grthMng up using restYJTces from Youlhscape and Di9Y Pixar. In Febrtry the dty de Fadng thg Pas( Nab"onal Hgfitage Lottery Projac( of which Lancaster Priory was the financial parent, began to roll our volunteer a $t8keholder training on Raasm and Mc•Jem Day Slavery. Several members of the Priory congregation. volunteers and stsff attènded these training ses%ons. A small team from the Priory visited Bristol overnight and visited key sites, including thè Cathedral. to expkjre hv4¥ the iity and it's stakeholders were responding to the legacy of transatlantic slavery. The Priory also hosted a very successful Gin Tasling Evening. On the 26th of February. we held a quiot vlgil in church to mark the first anniversary of the invasion of Ukraine by Russia. Page 5
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Achievem•nts and perforniance {¢onllnu•d) view of the Year contsn Lent began with the usual Ash Wednesday ServirA. Durirwj Lerrt. the parish undertook to read How lo Eat Bre8d by Miranda Threlfall-Holm•s. Mothering Sunday was rts usual Priory event. beautiful posies made by Rosemary Brockbank and hgr team of volunteers. Throughout lent {M•rchl, the vicar h05ted several coffee moming5 and 8 chèese and wne evening. Ihgse were not as well attended as they might have been but were a helpfvl experiment in di5ceming how to cale 8P8ce for th& Priory Community and especially new members to connect outside of worship. These eAded the most successful gvènt al bringing together a diverse group of people Priory P[ing Party, after eveA$on9 on Mothering Sunday. A great $u¢cess and huge thanks to Bev•r1ey ROrtS for her coorth"nakn'ort and to all those made the delicious puddings. April began with Holy W••k and a se of Stsb"on$ of the Cross using sxjr Sanctuary Guild embroideries. The vicar, R&v'd Leah Vasey-Saunder$, preached throughout Hoty Week and we saw an increa88d attendance on the previous year. drawing nearer lo prè-pandemic numbers. On E•sttr Day we said tsrev•ll to wr Director of Music. Don Gilllhorpo. A $mall presentation was made as the Priory Communty thanked Don for his contribution to the life and WOTship of L)ur parish. Mr Jeremy Tru8love steppd into the breech to support the Priory Music Dep8thent durin9 the rec¥uitmonl process for a new D1Ctor of Musio. During May the Amnu81 Parochial MeetirvJ met and •l•cted Dave Ru88dl 48 ward8n. trxrt wè had a vacancy for a second Churchwarden. As a resutt of this were pse that Rebekah Mulligan and 8evetlgy Roberts were willing to take on the Inewl roles of As$i$tsnt Churchwarden to 8UPWt Dave in his work. We thanked Pauline Fielding for hor dedication and service #s she 18id down the role of warden. On the 6th of May, the cg)ronation of HRH Chades 111 look pla in Westminster Abbey. thi$ eoincided wth a long booked wedding at the Priory. so we vlero unable to organi8e any ents in the church on that day. We held a sp•oal Choral Evensong on the 14th May lo pray for our n&wty crowned King and hi$ family. The Vicar represented the Priory al the Mayor Making for th• new Mayal year. On the 29th of May thè Faung th& Past project held itg community fesb'val day with lour8 arourxl the uty and public wrfomwnce8 of dancE and MUS and Poetry refiecting on thg hi8tory and connecti¢)n8 Wrth tranlantiC slavery. This ontsd vAlh a VpJil at the Capred Africans Memodal on the Quayslde, by our Vlcar. In Jun• we we1corrd Revd Dr Lwi$ jOhnn 89 assocyats pr ond ha was IKèrrted by Rt Rd Philip North. 8i$hop of Blackbum. We also ho8led the High Shefrrffs Shld Hangin9 8ervi¢e, at vthich our Prlory Choir sang beaulrfully. induding a T8ndi1Son of John Lennon's Imagine performed by Sam Copnar. thoir member. In Jun•, we Saw an incre8$in9 number of sch¢)ol tours undertaking the Facing the Pa81 SdKd$ Trail across tho oty. many of knom briefiy vi8ited the Priory as part of this tour. These continued throughoul th• vAnner months of Ihe y•ar and we anbcApat8 will be a lon9 t•mi activity through thts Maritime Museum. There were 38 Coffee Con¢erts throughout the year, the8è were •x¢•ll•nt opporbjnth'es not onty for performers but al80 10 build community. Thank you to all who made and served coffee, to perbmiws and audiencg m8mbers and of Course to Steph Edward8. fijndraieing an¢Y ovonts coordiniitor. for managing th•• booking¥. July wa• qul•t•r than laet yaar whén WA had the Gala exhibOn. The PCC took a day logethgr in the Pry Church to begin to eyplore how they might develop il as a resource for mission and ministy in the ngx¢ 350 years. We enjoyéd a fabulous final cholr Sunday wsth a BBQ (moved 5ndoors due to tht rain) to whlch we Invited The 0510n81 Sirrfjèrs. This intergeneratiCal featu of our music departrrent is great, and we h¢)pe lo build on thi$ in the fvbjre. 8eeing each distinctive ekment and 9roup th are part of ft as a gtft W• afo grateful to our Inlwirn Director of and Pfiory Organist for their excellent work. to thè two tutcfs who leach our ehoral 8chol8r$, and to those who volunteer to prOn•, tath Ihwi. organi8• robes, and more. The n)nth ended with repeal of the now, infamous Priory Pudding Partyl ThroughoLrt year we held 7 weddings and 16 Baptssm$. During Augustthe Ocawonal Singers (led by lan Paltinsonl ably led our music so that the Priory Choir could tske 8 vdl eamed rest. We also hosteij th8 Mothers, Union 'Soul of our Shoes, exhibition, highlighting the cause of Domests"c Violence through the shtss of women, thildren and men. This was thanks to Gill Ireland, Diocesan MU PresidenL Page 6
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Aehi•vom•nts and perforniance IcontOnu•d) Review of Yè contsnued In S•ptember we welcomed ba¢k the Priory Choir and a nthv dirÈdor of music Dr Rebekah OkFx>ti. We continuè to enloy having undergraduate sirgers from Lan¢aster University in the tt1r. These senior choral 8cholars make a wonde1 contributson to the mu$i¢al lrfe of the church. We 81s0 currenlly have three organ s¢trK)lars generou51y supported by the Duchy of Lan¢a$ler BeneVent Fund". tsvo 5th001-age Juni scholars and one undergraduate senior s¢holar. In September Andrew Ni()olson, Priory expert undertook several tours for Heritsge Week and had a sefies of ¢on¢arts to celebrate our Palronal Festival with our usual Fesbv81 of Song. The Very Revd Peter HovMII-Jones preached for our Patronal Festival Eucharist. September ended wrth 3 concert wsitor for the Priory - the London Film Con¢8rt Orchestra and these ware completely booked out months in advance. Octob•rwa8 a quiet month th much preparalion for the latter part of the year. Light Up Lan¢astor always starts Novemb•r 5FCtaFarfy. Remembrance Day was marked at the ¢ity memorial in the town hall gardens, and again on Sunday. Sunday also induded a parade to the Priory Chwch 8nd a very well attended Clvic S8rvice. We also celobraty.ng the feast of Saints and also vAth our annual Al Souls ServTh (this year an Evensong), remembring Iho8e who have died in years past. On the 28th of November the Fatyng the Past Proièd launched an exhibition of The Three Sophia$. a direct response and conlIa110n vthich evofved from the research by Melinda Elder into the specifi'c ¢ompli¢ity of Lancastsr Pry in the Transatlanttc Sve Trade. This exttib was 11 received and wll continue Into 2024. Durfng Adv•nt ID•c•mb•rl a 8bJdy group 8xplorod The mearing is ui th• w3n9 by Paula Good•r. whllst another group 1ri8l¥d material from the Bring With Course from St Marb'n in the Fields, training and preparing leadors for Lent. We also said Compllne together weekly on zoom, thanks to OLtr ordinand Kaarina Leong for coordinabng this. Th& forner Mustard Seed Group and friends prepared around 100 Christrna5 Parc•l$ for tsmilies receiving free 8cool meals at Willow Lane Prlmary, and al80 to 80me lamiligs in need Vilhin the East Meots West N•tth. We held an Advent Carol servi and a Christmas Carol Servic• hostwl aervlce8 for Sl John's Hosplco. Lancaster GiTls' Grnmmar School, Lancaster R¢)yal Grammar Sthocl and Ripkny Sl Thoma8 Academy. Tho Chrlstma8 Candle1ht ConrtS took on a fo$ in 2023, vthich ras to hh1Oht th• ent vhthin the mu81C department il$elf. These concerts forjjssed on the Organ. Cholr and our homè team. The drfl•r8nt empha8i3 wa8 w811 recèived and we l¢)ok f¢)NArd to developing this in the fLrture. Our loddlor crib servlce f•ll on a SurKlay this year arKI go wa rul1 th• u•ation of the elib into an 1 Age moming $ervlce including families and Chrislingle lat thich we welcomed Children's for the first timel}. Msdnighl Mass and Christmas Day Service8 wert thrivin9 as USLbal. Whilstwe do not keep St John'$ l)ay * St John's Ch4JTch, we did keep this al the Priory. 2023 wa8 a wonderful year at Lanoa8tor Priory e• w• h4vè b4un to •xp•rim•nl now tiVI"•$ 4nd ••• mor• now facaB amidst our congregations. The sue$S of thls. as every year. 18 d¢)wn to the commiiment {both in tem)s of their time and their money) and dedication of our congregations. our Parc¢hial Churth Council. our staff and volunteers. We couldnl be a thriving part8h wth plans to grow our rn10n and ministy In th8 future without thwn. Thank you to everyone, byt most Imp(Mtsnlly- Thanks be to Godl Flnancial Ttview Total r8ceipls on unrestrictsd funds We £261.242 whlth induded £95,885 from unrestricted planned giving donations, £24,786 frorn Grft Aisj recovere<l on all ffxm$ of eltgible giwng and £15,259 from grants & donatr'ons. Restricted 9r8nl$ totalling £19.636 were received. boin9 for Marsh outr&ic arKI support of the thoir. Grants and donatJns are detailed in notè 5 to the flnancial statements. The planned gin9 through envelopes and standing order5 sh(ywed an Crease of 14.8% 12022.. 2.5%) ow tho year. Unrestricted collectt'ons showed a decrease of 11.4% {2022." 28_1% increase). The use of Gift envelopes Is encouraged for collections at special serwces. at regul8r servtces for those who do not give by Stsnding order or planned giving envelope8 and al80 for single donab"ons. Contscdess card panent is an 8ltemative donation option and has proved to be beneficial. The calculated Paiish Share for 2023 was £94,704. The Parish sha targety provide$ the sts'pends aThY houslng for our ¢leryy. The lolated Parish Share for 2024 has dec¥eased to £90.752. Page 7
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 R•$•rm poli¢y The reserves policy adopted by the PCC 1$ to maintain free Unrestri reserves at a level whth equates to li) up to 3 months running ar stsffing costs and (ill a further £50,000 rese to 811thv for the considerable respon8ibilthe$ of maintsining a Gr¥de 1 listed building. The free unresln"¢*ed reseNes required under this poliry based on the but1ggted expenditure for 2024 1$ £107,464. The reserves poly is revIev1 annualty. Total unrestricted reserves held at the year eThJ am(nted lo t195,982. Included in unrestricted rese09 are designated reseNes totalling £7,358 of vthich £2,886 are to be used at the vie4f8 disuelion and £4,472 for choir costs . The free unrestricted r&8erves, not committed or invested in tangible fixed ass•ts and bookshop stock. held by thè PCC at 31 December 2023 amounted to £157,633. This is above the nonnal level of free unrestricted reseThes requif&d under the policy $¢t by the trustees. However. there is a proiected budget deficit of £55.053 for 2024 ar work 1$ required to the north aisle arch at a 8ub$tanlial 8t whi¢h cannot be covered from annual ino)me, rendering It necEssary to hold a hKJhgr level of reserv88 for the being. Steps will be taken by the PCC durlng 2024 and in fijture periods to redu¢0 budget deficAls in order to bo able to hold a lower level ol reserve8 In Ilne wtth the reserves Fdicy. 1118 the PCC'S poliw to imiesl surplu$ fvnds in CBF thjnds and irthrest bearing accounts at ris bank. Statutory compllanc• Tha accounts comply with the current statuw requiremants. the requirements of the Chw¢h Accounting Regulallons and the Charities SORP {FRS 1021. Thg PCC has complied with the duty lo reg•rd to Houso of Bishops, Ndance M s•f•gUording. Th& account$ Ifinanual statements) have been prepared In accordance Vlilh Accounting ancl Repon9 by Charities.. Statement of Recommended Practice applicab to charities preparing their attourtts in wjrdance with the Financial Reporting Standard aPIcable in the UK arKI Republic of Iland {FRS 1021 {effective 1 January 20151. the Charifjes Act 2011 and UK Generally Accepted PractKe as il appIS from 1 January 2015. On behaw oflhe PCC Revd L 8 Va8ey-Saunder8 Incumbent Oate ?2 Page 8
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY INDEPENDETrtr EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 1nd•nd8nt Examinerfs Roportto th• Parochi•l Church c0ClI of L•n¢astsr Prfory and Parlsh Church of SL Mary I report on tha finanaal statements of th• PCC for year en¢Jed 31 December 2023. as set out on pages 10 to 21. Your attention is drawn to the fact that the Charity has prepared IhÈ Finanaal Ststements in accordance wlh Accounting and Reporting by Charitses preparing Ihthr a¢counls in accordancè wth the Finanual Rep)rth'ng Standard applicable in the UK and Republic ol Ireland {FRS 1021 in preférence to A0untr.ng and Retx)rting by Chariti"es'. Statement of Recommended Pracaice issued on l April 2005 lch is referred to fft the extant regulab.ons tryjt has sifi been withdrawn. We understand that this has been don8 in ordeT for tho accounts to pwde a true and frdir view in acrtIanCe with the Generally Acxepted A¢untr.g Prxtice effecb.ve lor reporling period5 k¥inning on or aft¥ 1 January 2015. This pOrt is made 801ely to the PCC'S members. as a boty. in acoxjrdanee with the Churth A¢¢ounting RegulalSon$ 2006 I'lhe Regulation8'1 and secbon 145 of the Chariiie$ Ad 2011. My work has been undertaken so that I might stat8 lo the PCC'S members tho86 matters l am required to stst• to them in this report and for no other purFose. To the fvlle8t extsnt permitted by law, I do not a¢x8pt or a88umo rnsponsibilty to an othw than the PCC the PCC'S membern as a body for my work or for this report. Rosponsibilities and l>asl• of report members of the PCC you are re8F4)nslble for th• preparallon ol finantial Statsments in accordanc• the requirements ofthe Charthes Act 2011 Ilhe Arti. I report in rèspect of my examinatlon of the charity'y 8&x)unts cathed out tjntjer $ecf5on 145 of th• Act and in carrwng Qut my examinats'on I have followed 811 the awicable Direclions given by the Charity Commission und•f Sg¢tion 14515llbl of the Act. Indop•ndent •x•mln•f• st•tom•nt Since the chanty'8 gross incom• exceeded £250.000 your examiner musl b8 8 mamber of a body list•d in section 145 of the Act. I confirm that l am qualified to undertake th• examlnatlon ba¢au88 1 am a member of ICAEW. which is one of the listed bodi88. I have completed my examlnallon. I confimi ttlat no material mattors hava come to my atttion In conn•ction with the txamlnatlon glvlng me cau#e to believo th•t in any matsrial reep•ct l. accounting records were not kept in reypo¢t of the Charity as requlred by 8Kbon 130 of the Act.. or 2. Ihtr ac¢ounts do not accord Vlith those re¢ord$.' or 3. the accounts do not Comply wth the applicable requir¢m&nts conceming th• fom) and content of accounts set out in the Charitie8 IAccounl$ 8nd Reports} Regulation8 2008 othor Ihan any requlrtment that the account$ give a 'true and fair we whlch Is not ¥ matter con$idered as part of an independant axamination I have no concerns and have Come aeross no other matters in conneLon the examination to which attention should be rawn In th1$ r•port In OT(ler to enable a piow unoewstsndlng olthe accounts to be reaGW. SW Hlnnlgan FCACTA Scott & Wilkin$on Dalton Hous 9 Dalton Squar• Lancaster LA1 1WD Date i¢& ILU Page 9
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrntrictsd R•stri¢ted Fund• Funds TOTAL FUNDS 2023 2022 INCOME AND ENDOWMENTS Voluntary income Church ath'vities Facin9 the Past activrties Activ((ie8 for generating furKIs Inoome from investments 2{a) 21b) 21c) 21dl 216) 178.634 19.834 22.668 185 193.067 1291 3,488 201.302 20.019 193,067 61.325 8,228 200,875 15,414 56.781 91,220 4,289 60.034 2.740 TOTAL INCOME 261,242 220.699 481,941 368,559 EXPENDITURE Raising funds Church actlvifj85 Faong the Past activrtl•$ 3{a) 3{bl 31¢) 12,765 268,984 13.455 295.655 193,519 53.429 311.444 56.423 26.671 193.519 TOTAL EXPENDITURE 281,749 220.880 S02,629 421,298 NET EXPENDITURE BEFORE INVE8TMENT GAINS (20,5071 (181} (20.6881 152,7371 NET GAINS I (LOSSES} ON INVESTMEMTS 7.279 5.183 12,442 117,4041 TRANSFERS BETWEEN FUNDS Transfer from Facing The Past Pfol•ct 3.520 13,520) NET MOVEMENT IN FUNDS {9.7081 205,690 1.462 (8,2481 170.1411 TOTAL FUNDS BROUGHT FORWARD 14 209,944 415.834 485,775 TOTAL FUNOS CARRIED FORWARD 13&14 195.982 211.406 407.388 416,634 The fvnd8 bwkdown for 2022 IB 8hwi kn nots 17. The notès on pages 12 to 21 fomi part of the finan<aal slatemenls. Page 10
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY BALANCE SHE AS AT 31ST DECEMBER 2023 2023 2022 FIXED ASSETS Tangible fixed assets 28,388 38.664 CURRENT ASSETS Stock Invesknents Debtor8 Cash al bank and In hand 3,214 143,543 39,733 215,758 3,698 131,101 3e,555 225,123 402,24B 396,477 LIABILITIES Credrtors- amounts falllng du• in one year 10 23,248 19,507 NET CURRENT ASSETS 379.000 376,970 TOTAL NET ASSETS 13 407.388 415,834 PARISH FUND8 14 Unreslricted General De8ign8ted R•strict•d 13&14 13&14 13&14 188,624 7,358 211,4(K8 199,301 6,389 209,944 407.388 415.834 Th088 acLounts have been prepared in accordance vith lh8 Chaiilies SORP (FRS 102> Approved by the ParcKhial Churth CoLm¢il on ?). 4. 3 ¥ and 8vJned on bts behall by Revd L B Vasey-saun Incumbent The notes on pages 12 trj 21 fom part 0lth& finanual statements. Page11
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY NOTES TO THE FINANCIAL STATEMETrirs FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES The financial statements have been prépared in ac0Ydan Aoxunting and Reporttng by Charitiés.. Statement of Recommended Pra¢tice applicable to charities preparing their accounts in aco)rdance with the Financial Repong Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 JanLAry 20151- (Charities SORP IFRS 1021), the Finanaal ReportÈng Stsndard appli¢able in the UK and RepublK of Ireland IFRS 1021. the Church Accounting RegulatK)ns 20CI% and the Charthes At# 2011. The financial statements have been prepawl to give a Inje and f&"rf view and have departed from the Charlb"&8 {AccwntS and Reports) Regulations 2008 onty to the extent required to pmmde a kn and fair view,. This dèparture has involved following the Accounting and Reporting by Charities.. Ststèment of Rethmmended Pr8¢tice appli¢ablo to ¢h8rities preparing their accounts in a¢cordance wrth the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS 1021 issued in October 2019 rathw than the Accounting arKI Reporting by Charities.. statement of Recommended Praclice effecbvo from 1 April 2005 has sinc been wthdravm. Lancaster Priory and Partsh Churth of SL Mary meets tht thfintbon of a Publ benefit entity under FRS 102. Assets and liabilities are In011Y rocogni8ed at hislori¢al cost oi transacK>n value unless othenM$e stated in the relev8nt 8c¢ounting lleY notss. The finanoal 8tst8ments ar• pwsented in GBP anil Tourrtled to tho neare81 £1. Thg flnaneial statements IndLtde all transions. assets and liabilities for Wh the PCC is responsible in law. They do not indude thè accounts of church groups that owe their main affilialion to another body, nof those that are infomal gatherings of church mgmbers. Ex•mptlon from proparlng a cash flow $tst•mgnt The Chartty opted to ad1 Bullotin 1 wbliBhed on 2 F•bnMry 2016 arml have therefore not Induded a ca8h flow 8Lgtemenl in the8e finan¢ial $tat•ments. Funds Restricted funds repregent drM¥tion¥. grants and other incom• r1Ved for a sp•dfic object or Invitad by the PCC for a cffic object. The funds may only ba axpended on thè speufic obj•¢t for whSch they were given. Any balanc• r8malning un8pont at the end of each year must camed forward as a balance on that fijnd. The PCC does not u8ually inv•sl separately for •¥¢h fund. Wher¢ there is no separats investh)ent, intsrest is apportioned to indivldual funds on the basis of th• b81gnces hekl in •ath fund a daity basis. D•tsll$ of funds held ar¥ providad In nots 14 10 th• financial statements. Unrgslrtclgd funds a 98neral funds of the PCC that are not subiec to any rn8tricti0 regarding their use and are avallable for the application on the gemral purposes of the PCC. Funds designated for a particular purpo89 by the PCC frym part of tho unrestricted fund and ar• detailed in note 14 to the finanry81 statements. Incom• Don•Uons andlep•¢l Commrtte<J giving, collections and d¢Jwtions are recogniged vthen recglved. Tax refund$ are recogni5ed when incoming SoUrCe to whi¢h they relate 15 reeefved. Grants and18gacies are accounted lor when the PCC is legalty enlided to the amounts d. Government grants The charity receNès govemmerrt grants. Income frDm governrrt and othèr grants are r¢¢ognised al fair value when the charty has ent'tlemenl after any perfOrrnan ¢ondNions have been met, it is prObae that the income will btt receiv and the amount ¢an be measured rdiably. If enlillement 1$ not met then theso amourts are ¢Jeferred. Other tradlng a¢UvlUes Income from fund raising 8vents are 8c¢ountsd ts gross. Bookstall and Coffè8 Shop sales are lntsd for gross. Rerrtal IrMe from the letling of thurch Premises to oulside bodie5 is accoted tswhen eamed. Page 12
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY NOTES TO THE FINANCIAL STATEPAENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNMNG POUCIES (Continued) Investments Dividends are accounted for when due and Tl¥able. Interest enlillements are aL)Xnted for as thèy accrue. Church 8¢tlvlties Parochial fegs dLEe lo the PCC forvtsldings. funerals. etc e ap>)unted for Wrt1 duè. All other ineome is accountgd for when due. Investsnent galns and loss Realised gains or l¢)sses are recr•3ni$8d VIIn investments are Sold. Unreali8gd galn8 or108ses are aoUnted for ¢)n revaluation of invgstsnents at 31 O•cember. Exp•ndlturn Church a¢tlvlll8s Grants and donations ar• acc4)untsd for vknen paid. or vthan aw4rd•d, rf that award cTrate8 binding obligations on the pcc. Th¥ Diocesan p¥iish share is accounted for vth•n payable and any assessmt unpaid at 31 DK8mber 18 Bhown a# a creditor in the Balance Sh••t. All other expenditure is recognSsed when It is Inrred accountsd for gros#. Flxod A••ots Consecrated l•ndand bulldlngs and moveable church fumlshlngs Consecrated land and building8 and b8nefKad syoperty of any kind Is exduded from the finanoal statements by 81012llal and Icl of the Charities Act 2011. No valu818 placed on moveable thur¢h fumishiry ld by the thurchwarden$ on 8peo>al trust for th• PCC and which r•qulre a faculty for disposal 8inc¢ the PCC nSid•[S th1$ to an inalienabk pnjpetty. All expenditur¥ incurred during the year on ¢on$8cTated or tén•fi&8d buildirkgs, induding tho pipe organ wthich is nSId•red to be an immoveable item and part of the fabric ol thè chLtrch, and moveable thur¢h furrishlngs. whthr main¢enancè or improvemont, 18 written off as 8xpendrture and $eparalety disclosed. Oth•r flxture¥. ffttlngs and offl¢e •qulpment Equipment u$ed within tho church prembgeg is depreciatsd w a thight lif ba8 over 4 years. 10 years or 20 ye8rs as appropriatfj. Individual 1m$ of equipment with a purcose wee of £1.000 or le98 ar• written off In th8 period In whi the asset is acquired. Invostm•nts Investments are valued al markot value at 31 December. Currnnt assets Stock of goods for resal8 is 8tated at the of cost ¢y net reali88ts1• value. Amounts owng lo the PCC at 31 December in r•spt of fees, r•nts or other Income are 8hcwm as debtors less any provlsion lor amounts that may prove irreeovernble. Short-term deposits indude ca8h h•kl on deFn8it at the ban Op•ratlng 18as Rgntals payable ufider operating leases are carged to the SOFA the straight linè basis overth• term of the lease. Golng concem The finandal $latsments have been prepared on a going thncem basis as the tru5teÈs tdieve thal no material uncertainties exisL The Irustees have considered the level of ftjnds held and the 8XFCted levgl of income and expenditure for 12 months from authorising these financial Ststements. The budgeted in¢xMnQ and expenditure is 8Lfficient with the level of reserves for the tharty to be able to csyllinue as a going concem. Page 13
LANCASTER PRIORY AND PARISH CHURCH OF ST. PAARY NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2023 INCOME AND ENDOWMENTS TOTAL FUNDS 2023 Fund• Funds 2022 {a) Voluntary Income Planned giving: Gift aid donations Other planned giving Tax recoverable Collections (open platel at all se1# Lègacies Grants and donations Other income aThJ sundry dmatifms 84,451 11.434 24.786 14.104 500 1 S,259 28,100 84.451 11,434 25,269 14.104 500 34.895 30,649 71.826 11,690 27,557 15.910 500 47.104 26,288 483 19,636 2,549 178.634 22.668 201,302 200,875 Ibl Church aGtlvltlo• 5.379 $19 12.664 1.107 165 170 S,549 519 12.864 1.107 180 4.583 130 9.859 752 290 Use of Church building# Contribthions to other expen888 Social & outreach income Young people, familiey & outreath V•Drk 15 19,834 185 20,019 15,414 Icl F•clng th8 Past acvvltl F4¢ing the Pastjoint project 193,087 193.C67 $8,781 193.7 193,067 56.761 Idl Actlvltlgs ftlf yn•rallng fund• Bookstall Fundraising events Coffee shop U89 of Church buildings 12 18.240 11,361 30,421 12 19,531 11.361 30,421 8,142 S2.115 11,462 21,501 1.291 60.034 1.291 61,325 91,220 lel Invo$tm•nt Incom• Dividends on CBF Investmerrt Fund Shares Bank and oth•r interest 2.295 445 1.828 1,860 3.923 2.305 3,902 387 2.740 3.488 6,228 4.289 TOTAL 261.242 220,699 481.941 368,669 Page 14
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 EXPENDITURE TOTAL FUNDS 2023 Fund¥ Funds 2022 lal Ral$lng funds Bookstall eXnseS Coffee 8hop oxpnses Event expenses Publi¢ty Costs Planned giving and Grft enknpes 90 5,170 8,058 70 67 6.474 5,863 40,964 263 85 5.170 69] 70 67 12.765 690 13,455 53.429 (bl Church actlvltlo• M189ionary and charilablo givlng Ministry.. Diowan parish share Other ministry co$ts Mu$io Salaries Church running and maintenance Major fabric repairs Young people. families & oulreath v Soaal & oulreath costs Mustard Seed Priory Hall expenses Stationery. lelephono and offTh aquipment Office equlpmenl190$8 Charges Bank ¢h8r9es Independent examinerfs remun•ra Quinquonnial Insp8CtK)n fee Sundry expens08 Depr¥ciatt'on & loys on di8PO8a18 18 6,588 94,704 10,118 824 7.412 94,704 10,118 6.033 63.429 87.015 7,899 101,694 5,334 18,597 1.069 8,452 94,951 48,930 16.775 58 70 1,098 7.942 931 1,545 3.193 44.832 85,346 153 819 267 267 7.615 931 1,208 3,483 2.183 7,615 931 1,302 3,483 2,183 68 10.276 70 10,872 10276 268.984 20,671 295,855 311.444 {c) Fa¢lng tho P•st aclMtI•• FacAng the Past joint proiect 193.519 193.519 56,423 TOTAL 281,749 220.880 602,829 421.296 2023 2022 STAFF COSTS Wages and salaries Employerfs pension contributions SocAal secunty costs 59,528 924 2.977 89.163 1.318 4,470 63.429 94,951 During the year the PCC employed an orgartisL d1r director. operalions manager, 1 assistsnt vergar, ouireach worker. volunteer and events ¢Tr0rdinat, none of whom eamed £60,000 p.a. or more. PCC members were reimbursed expenses of £323 {2022 - £2211 for the year. There were other disdo8abie trsactiOr in respect of PCC MeMr8, persons dosety connected them or other related partbes. There are no full time employees. The part tim8 employee ro eqL*te to an average of apprOrnate 2.5 fv11 time employees. Page15
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 GRANTS AND DONATIONS RECEIVED Earl Peel Trust Fund The John Pilling TTU5t Lancaster Priory Music Trust Listed Plac8s of Worship Grant Stheme Priory Hall Trustee Fund Duchy of Lanrastw Benevdent FuThJ Blackbum Diocesan 8oard of Finmi The National Lottery Communty Fund Coronation Grant 12.772 9.892 5,000 14,439 2,281 755 3.000 1.787 9.950 6.637 2,217 9,999 270 34.895 47,104 FACING THE PAST PROJECT Grant- Arts Counril England Grant- Natsonal Lottery H•ritsge Fund Partner contn"bution8 1,485 44,918 10.358 192.067 1,000 193,067 56,761 FIXED ASsS FOR USE BY THE PCC Offi¢0 Other Equlpmont Equlpment Totsl GROSS BOOK VALUE Al l January 2023 4.192 115,188 119.380 At 31 D8mber 2023 4.192 115,188 119.380 DEPRECIATION At 1 Janu8ry 2023 Charge for tho 4.192 76.524 10,276 80,716 10.276 At 31 D•c*mber 2023 4.192 86,800 90.992 NET BOOK VALUE At 31 D&cemlJer 2023 28,388 28.386 At 31 December 2022 38,884 38.e84 2023 2022 INVESTMENTS Current u••t Inv•stThnt 8,349.98 CBF Churth of England 1rbvestTh Fund Ino)me Shares Market value 8t 1 January 2023 Gain l {loss} on annual revalual 131,101 12,442 148,505 117.404) IAork•t value at 31 DK•mber 2023 143,543 131,101 Cost at 31 December 2023 100.1)00 100.000 Page 16
LANCASTER PRIORY AND PARISH CHURCH OF ST. IAARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 DEBTORS Income lax recoverable Other debtors Prepayments 20.998 21.102 3,990 11,483 15,691 39,733 36,555 10 UABILITIES: AMOUNTS FALUNG DUE H1N ONE YEAR Other creditors Accrual¥ Income ¢•IVed in advance Loan . Priory Hall TNst•• FUNI 4,895 6.334 2.774 9,245 4,308 4,300 1.854 9,245 23,248 19,507 11 COMMITMENTS OPERATING LEASE COMMITMEPWJ rho minlmum lease payments under opernting lea¥è8 fall du• as folltrw8.' Equipment Within 1 yoar Betsveen 1- 5 years 1.099 4,397 882 1,767 5,496 2,849 12 CONNECTEO CHARITIES During th• year th• PCC reNed grants from the fdkming thariti85 and trusts pport the Priory as appropriate within the terms of their governing do¢uments and objects: Lancaster Priory Music Tru81 vthKh is a chanty involved raising thJnd8 fry Ihe Support of the music deportment al Lancaster Priory. The an)Unt re1ve in 2023 vr45 £6.837 {2022.. £14.4391. The E4d Peei Trust Fund- £12,77212022: £9.8921 for qu•lfying fobric Trpair8. Prfory Hall Tru$lee Fund- £NIl 12022- £7551. During th• yèar the PCC paid £Nil {2022: £5,755} to the Priory Hall Trustee Fund in part ropayment of a loan of £15.000 received in 2021 to assist with cash flow in 0)nnlDn V•ith th¢ lYht 6chwn&. Page 17
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13 ANALYSIS OF NET ASSETS BY FUND UnT08tiictsd rnort1 D8¥lynated Rtrictsd Fund Fund Fund Total Tangible fixed assets Current assets Current liabilthes 28,388 182.442 (222t6) 28,388 402,248 123,248} 7.358 212.448 {1,0421 188,624 7.358 211,406 407,388 Compar•tlv• of not as#•ts by fund: G•nval DMlgnat•d R•8trbct•d Fund Fund Fund Total Tangiblo fixed a8ts Current assets Current liabilities 38.664 178,913 {18.2781 38,684 398,477 119,5071 8.389 211,175 11.2311 199,301 6,389 209,944 415.834 14 FUND DETAILS Th• Unmtrktsd fund mPra. lnc• al th¢(thlng R••ourc•• Tr•n•l•rn & 8#n¢• •l 01.0123 r••ovrt•• •xp•Dd•d Invmtrrnnt 31.12.23 9•10$•• Designat•d fvnd8'. Vlc8rf$ fund Music Fund 2,861 3.528 2,886 4.472 6,389 199.301 25 281.217 7,358 188,624 General re8orve {281,7491 9,855 205.690 261,242 1281,749) 10,799 195.982 The Vlcarfs furKI is lor •xp8nditur• at Ihe disryotion of th• vicar. The Music Fund is for eXp9ndire to Support the music deportment The general Serve repre$8nts those funds whlc ar• Unrestr and not speafically designated for othw purpose8. Compr¥tlv•8 of UnYv4tr1cted fund•: Blan¢• at In¢oming Re•ourC Tr•n8forn & 8alan¢e at .22 I•u[¥ oxp•nded le$1m8nt 31.1122 9•1n8llo¥¥ Designated funds.. Iricarfs fund Music Fund 2.961 11001 2.861 3.528 3,328 2.1 256,250 200 265.596 {100) 1308,7351 3.328 113.810} 6,389 199,301 General reserve 259,211 265.7 (308.8351 {10,4821 205,690 Page18
LANCASTER PRIORY AND PARISH CHURCH OF ST. IAARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 14 FUND DETAILS Icontinugdl Tha Restrictod fund c¢)mprlso8: Bal•n¢e at In¢orning R•soure•• Translvrs & Balan¢• •t 01.01.23 re8ourees expendgd Trnv•8trnent 31.1223 qaln8llosse• Priory Fabric Fund Education, Youth & Chlldren's WoTk Fund Marsh Fund usic Fund Organ Fund Charitable Objects Fund Facing the Past JnI Project Fund 29,956 1C.082 9,259 36,867 17,481 4.558 S.741 273 2,109 9.999 14.086 500 665 193,C67 30,229 113.272 8,601 36.824 16.312 4,399 1.769 182} {10,65n (14,1291 11,6691 {824} (193.5191 5.183 (3.5201 209.944 220.699 1220.8801 1,843 211,406 The Priory Fabric Fund is for expenditurè on the Churth buildlngs and ffixtures. The Education, YOU and Children's Work FLmd ¥upports the of the èducalion departsnenl and Work bwlh yourrfJ people an¢J f8mi1188. The Marsh Fund 18 for uie In Ihfj Marnh residential ar•a of Parlsh. The Music Fund18 to promots tho v)rk of tho Priorfs th)irn and MUSK maklng. The Organ Fund is tor 8xpenJitur• on Iho rInl or repair and tuning of tho Priory (xg8n$ and an0. The Ch8ritable Obie¢ts Fund prnts moni•s for the $upport of WO vlilh th• homèless through Mustard S•ed and donalons received which are to distr1trt0d to other ¢h8ritie8. Th• Facing P881 Jolnl Proje0* Fund rewe8ents monie• held by fv PCC a# fund mana9er for a joint prO¢t involving Lancaster Priory. More Music, LaraSter Judp8 Lodgings Museum. Lancaster Clty Countyl and local schools, prlmarily fund8d by grants from Arts Council England for Phase 18nd National Lottery Heritage Fund for Phase 2. Comp•r•tlves of rnstrlct•d fund•: •t In¢omlng R••wrc•• Tr•nBf•r• 8aknn¢• at 01.IM.22 ro¥our¢M •xp•nd•d In¥e•kn•nt 31.12.22 g•ln•llo•• Priory Fabrk Funa Educats'on, Youth & Children's Work Fund Mar¥h Fund mUC Fund Organ fund Charitable Objects Fund Facing the Past Joint Project Fynd 35,306 120.642 8,329 33.109 19,316 4.759 5,103 10 1.631 9.950 32,138 139 2,134 56.761 {6,3801 18.9691 {9,0201 128,3801 11,974} 12,335) {56.4231 29,958 106,082 9,259 36.867 17,481 4,558 5,741 (7.222) 300 226,584 102.763 1112,4611 {6,9221 209,944 2023 2022 15 RELATED PARTIES Uncondrtional donabons reeAV8d from PCC membels and their clD#e fami 34,421 27,964 Page19
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 18 SCHEDULE OF DONATIONS Donatlons from specified donatlons Lan¢aster & Di31n& Homele88 Servk* DEC Turkey Appeal 8riiish R8d Cross Libya & Morocco Appeal 200 176 237 250 613 250 Donatlons from ¢harltable glvingprogramrn CMS DEC Ukraina Appeal DEC Pakistan Flood Appeal DEG Turkey Appeal EducMd Slerya Leone Marsh Communty Centre Mu38laha UK RAIS Lancaster R•aching the Unr•a¢hed 1.000 1,000 851 100 100 1,000 1,000 1.000 1,000 1.000 1,000 1,000 1,000 1,000 1.000 6,100 6.951 Dortatlons from spKlals•rnl¢es, colloctlons and •v•nts." Children's SocSety- ChrÉstingle Service Royal British Legion 824 75 536 162 699 698 TOTAL DONATIONS 7.412 7,899 Page 20
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 17 COMPARATIVE OF STATEMENT OF FINANCIAL ACTMTIE8 UnrBStricted R•Jtrl¢t•d TOTAL FUNDS Funds Funds 2022 INCOME AND ENDOWMEMT8 Voluntary jncomo Churth acb"vities Faelng the Past activities Adivthe$ for 98ner*ing fund5 InciJm8 from Inveskn8nts 159.924 15,414 40.951 200,875 15,414 56.781 91,220 4,289 21al 21b) 21cl 2{c) 21d) 56,781 3,191 1.860 88.029 2,429 265.796 102,763 368,559 TOTAL EXPENDITURE Ralsing fvnd8 Church activthes Fadn9 the Past activlbes 5.119 50,919 56.423 53,429 311.444 58,423 318) 3(b) 3(c) 48,310 280.525 421,296 TOTAL 308.835 112.461 NET EXPENDITURE BEFORE INVESTMENT GAINS NET L08SE8 ON INVESTMENTS 143,0391 19.698) 152,7371 110,1821 17,222) 117,4041 TRANSFERS BETWEEN FUNDS Transfer to Facing The Past Project 13001 300 NET MQVEMENT IN FUND8 TOTAL FUNDS BROUGHT FORWARD 153,5211 259.211 (18.62Q) 170,141} 226,564 485.775 TOTAL FUNDS CARRIED FORWARD 205,690 209.944 415,634 In line with the requifements of FRS 102 SORP the atrt)ve fX)to shm the split of cLJmparatNe infomiation betsveen th funds. The option to prepare a separate note has been taken. over the integration wilhhn the existing SOFA (i.e. the elght column approach). Page 21