Registered charity number l 131372 LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 INDEX Page Annual Report Independent ExaMineS Report Statement of Financial Aclivities 10 Balan Sheet 11 Notes to the Financial Statements 12-21 Page 1
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 Administrative infomiation The Parochial Church Council (PCC) of the Ecdesiastical Parish of St Mary with St John & St Anne, Lancaster is a charity registered with the Charity Commission as required by the Chartlies Act 2011. The charity is usually known as Lancaster Priory and Parish Church of St Mary PCC. The registered charity number is 1131372. Lancaster Priory and Parish Church is situated in St Marfs Gate, Lancaster and is part of the DI0Se of Blackburn within the Church of England. The Corresponden address is Priory Close. Lancaster, LA11YZ. PCC members (who are the trustees of the tharity) who have seNed from 1 January 2024 until the date this report was approved are". Incumbent.. Revd L 8 Vasey-saunders Revd Dr L Johnson Chair to 20 10.24 Ex Officio - LIn$ L Ministe Mrs L C Kirtley Canon C Mullineaux to 19.05.24 Churchwardens.. Dame P Fielding Mr D Russell from 19.05.24 SnodRe resenlatives Diocesan S nod.. Dr A E Carler Prof. R G Carter Mrs T K Duffield Elected Deane Dame P Fielding Mrs B A Gardner Dr J D Lev$ to 19.05.24 Treasurer Co-o Mrs T K Duffi8ld Dr C P Heppenstall to 21.05.24 to 21.05.24 Elected Members: Prof. J P Dickinson Mr 8 Greenwood Mr D J Redmore to 19.05.24 to 19.05.24 to 19.05.24 To serve unhl APCM 2025 Mrs C Dickinson Mr P M Hopwood Mrs B D Roberts Mr J N W Walker To seNe until APCM 2026 Mrs H Hopwood Ms K N Robinson Mr M G Salameh Miss J M Sirnpson from 19.05.24 To s8Ne until APCM 2027 Mr S Acomb Mr A M Nitholson Mrs R-A P(Ywers MrsGMWrtt from 19.05.24 fmm 19.05.24 Page 2
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 Administrative Infomiation Iconllnued) Inde endent Examiner. S W Hinnigan FCA CTA Xeinadin Dalton House 9 Damon Square Lancaster LA11WD Bankers.. Barclays Bank UK pl Leicester LE87 2BB CAF Bank Limited Kings Hill West Malling Kent ME194TA Oglethorpe, Sturton & Gillibrand 16 Castle Park Lancaster LA11YG Day to day management is delegated to the incumbent. Revd L B Vasey-saunders. Structure> governance and managernent The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC registered with the Charity Commission on 29 August 2009. The method of appointm8nt of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the EleOral Roll and stsnd for election to the PCC. Members of the PCC are either ex officio or elected by the Annual Parish Church Meeting (APCM) in accordance with the Church Representation rules. Each elected member holds their seat for 3 years. One Ihird of the elected members of the council relire each year. The PCC members are responsible for making decisions on all matters of general concem and importance to the parish including deciding on how the funds of the PCC are to be spent. The PCC has V4ide responsibilities and has committees and groups which meet beeen the regular meetings of the PCC and report back to the PCC, each dealing with a particular aspect of parish life. The following groups have been active during the year: The Standin Committee is the only committee required by law. It has pNer to transact the business of the PCC between its meotings, subject to eny directions given by the PCC. It al80 receive8 and ¢Jon8ider8 raport8 conc•min9 tha fabric of the building and church finans. The Wodd and Commun Grou looks to develop links with various charities supported through our charitable giving programme. The Pro Grou looks at all aspects of maintaining the church building. All groups are regularly invited to a PCC meeting to report on their activities and submrt their minutes to the PCC for infonnation. The Eco Grou looks to develop a pathway towards a carbon-neutral church and community and monitor progress. The Mission on the Marsh Grou works to develop plans to reach out and put down deeper roots on this part of our parish. The Ministry Team, led by the vieAr. consists of licensed ministers and the Marsh Outreach wrker. It has no legal responsibilities, but develops plans and proposals for the PCC on the mission, ministry and pastoral care within the parish. Rev'd Clare Shepherd joined us (albeit very very part time due to her role as Chaplain to the University of Cumbria) in June 2024. Rev'd Dr Louis Johnson left us in October 2024 to return to the Diocese of Liverpool. Risk mana ement During the year the PCC has continued to assess various major risk areas which have an impact on the work of the Church in the parish. We have a Child Protection and Vulnerable Adults Policy in place, a set of financial procedures for monitoring on a monthly basis the actual results Compared to the annual budget. and regular inspections to monitor the condition of the building. In addition, health & safety matters, fire risk. insurance cover and seculity conts'nue to be reviewed on an ongoing basis. Page 3
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 Aim and purposes The Parochial Church Council (PCC) has the responsibilty of CCH)perating with the incumbent, Revd L Vasey-saunders, in promoting in the ecclesiasb'cal parish. the whole mission of the Church. pastoral. evangelistic. social and ecumenical. Objectives and activities Lancaster Priory is a welcoming, inclusive, Christian communty. The PCC is committed to enabling as many people as possible to worship at Lancaster Priory and to become part of the parish CA)mmunty. The PCC maintains an overview of vrshIp and music and ServIS are reviewed on an ongoing basis. The Commission's guidance on public benefrt and, in particular. the supplementary guidance on chartties for the advancement of religion has been considered in planning the activtties for the year. In particular. we promote a parish communty which lives out its faith through= Worship and prayer. Provision of pastoral care for people living in the parish. Mission and Outreath work. The Church is normally open seven days a vmek to all who wish to visit. attend any of the mid week or Sunday seNices or spend time in private prayer. The Church is available for communty groups, schools and organisations to use for special services, events and concerts. Achievements and performance Worshi and Pra er During 2024 the Priory offered a range of services during the week and over the year: Holy Communion {BCP), Priory Eucharist with choir and Young Church (CW) and Choral Evensong (BCP) on Sunday with a Family Servick held on one Sunday afternoon per month, Tuesday moming Eucharist (BCP). Thursday Communion service with prayer for healing, daily morning prayer, Epiphany, Advent and Christmas Carol Services, Midnight Mass and servi$ on other special days in the Church year. We have also In¢ased the frequency of Tavzé Services. aiming for once a quarter and these a again, well received. Wedding, funeral and baptism services regularfy tske place with special services for local schools and other groups as required, particularly dufing the Christmas petiod. There were 190 names on the electoral roll at 31 Decemb8r 2024. The average regular weekly attendance counted during October was 170. Throughout 2024. attendance has continued to slowty increase and vft continue to see an increasing number of people attending midweek and special services. Regular emails entitled Priory People at Prayer have been circulated throughout the year to all those on the mailing list. To see more about worship throughout the year, please read the review of the year. Postoral Care The vicar together with retired clergy. linsed lay ministers and pastoral care assistants regularty visit the slck and housebound members of the Congregation. Follo*fjng the establishment of the pastoral contact scheme in 2022. we continue lo share SpOnsIbl11ty for communication of the needs of our congregation and response to those needs wth a slightly broader group than the clergy and minislry team. We continue to develop our work in Care Homes, particulady through the ministry of our new Anna Chaplain (commissioned in Autumn 2024). We Yrk as a wider team of linsed clergy, Clergy with permission to officiate, linSed lay ministers and authorised lay ministers. We hope to continue to develop our pastoral Care, as a shared ministry with lay and ordained people working together. Di¢Jcesan Vision 2026 and Parish Vision The PCC continues to work with the dI0san vision with the support of champion Peter Hopwood. We have participated in the review and discemment for the new emerging plans beyond 2026. The PCC'S ongoing development of mission and ministry has tsken a different direction in 2024, as a resutt of the emerging urgency that the Church building is facing. Page 4
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and perf0mnCe {continued) Mission and Outreach A set of three leafiets are available for visitors: 10 Highlights of the Priory, Spiritual Walk and Stained Glass Window Walk as well as short guides produced in a number of languages. The Wodd and Community Group has established links wtlh six charities vthich Ihe PCC agreed to support from our Charitable Giving Programme. Information about the charities is nomially displayed in church. featuring a different charily each monlh. Representatives from the charities are invited attend the 10.C(Jam Sunday service occasionally. In 2024. Lex and Alan our CMS Partners spoke to the congregation on the worf( of their organisation. Gifts of fruit and vegetables received at the Harvest Festival in October were distributed to those in need. Prio Communi Work on the Marsh The Priory communty worker has continued to work very dosely with the Marsh Communty Centre, a small Charity in the Marsh Council Estate. and area of social deprivation. From May 2024 we began experimenting with presence on the Marsh one day a week, hiring St Thomas More Church on Wednesdays. This included meeting for morning prayer, coffee and bible study. Eucharisl and lunch and then being a registered 'Plao of Wel¢ome' in the aftemoon. During school holidays we hosted activities for families and at Christmas we hosted a special celebration of Christmas. The community worker regularfy visits isolated elderly folk on the estate. but the majority of her work is based around organising and leading, with the help of volunteers, 4 groups that meet every week at the Community Centre.. The Coffee and Cake Club This ladies friendship group meets every week to chat, play board games and support each other. The majority of the members are elderly and quite isolaled or have significanl mental health problems. The Marsh Communi Choir This group is as much about friendship as it is about singing. The group sings for pleasure but dld sing a concert in the Priory Church at Christmas. Mini MahMallOW$. This mother and toddler group meets in the Communty Centre and has seen numbers and friendships grow. The Gardenin Club This group was designed to attract a wider range of people, possibly some men and those who like being outdoors. The group focus on the grounds around the Communty Cenlre at the present time. 'Il b8 S88in A small friendship and support group for blind adults living in the area. ou. mmun en The Centre Manager asked the community W0er if she would start and Chair this group of 9 people. Members live locally or are regularly involved in the Centre and aa. It has been very useful to have the local City Councillor on the Commtttee. The group slarted in September 2021 and has met a temi to discuss the needs of the area and Centre and has worked to see change. Review of the Year The year (January) began with the continuing of the Sophia, Facing the Past Exhibition, which was featured during Ihe month on BBC North West. This increased engagement and footfall during what is usually a quiet time of the year. Holo¢aust Memorial Day was marked at the Town Hall in an Interfatlh event. In February we hosted Ihe HOPE exhibrtion by Neil Eckersley and also the Lancaster Black Hislory Group 'Slavery Family Trees, Exhibilion. Lent began with the usual Ash Wednesday serViS. During Lent, the parish undertook Lent Groups based on diocesan resou materials. As Lent began V also hosted a day retreat in church. Mothering Sunday was its usual Priory event, with beautiful posies made by Rosemary Brockbank and her team of volunteers. Throughout Lent (March), the vicar hosted several socials for newcomers to the Priory. We also hosted Leeds Contemporary Pop Choir for a concert in partnership local secondary schools - their young people participating in the conrt. We also hosled an opera composed by our ovm Director of Music inspired by our Facing the Past work - Sophia Fileen.. the unwanted burden by Dr Rebekah Okpoti. Page 5
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and perfornian¢e l¢ontinued} Review of the Year continued Holy Week and a se1 of Stations of the Cross using our Sanctuary Guild embroideries. The Bishop of Birf(enhead, Rt Revd Julie Conalty. preached throughout Holy Week and V saw an increased attendance on the previous year. (April) We hosted a Holiday Bible Club in Church Monday - Thursday in the week after Easter, engaging children in Bible stories and music and art. During May the Annual Parochial Meeting met and elected Dave Russell as warden, and Dame Pauline Fielding as a second Churchwarden for one year only due to Church Representation Rules and her previous servi. As a result of this we were pleased that Rebekah Mulligan was willing to continue as Assistant Churchwarden to support Dave and Pauline in their work. The Vicar represented the Priory at the Mayor Making for the new Mayoral year. During this month a new meditation group called 'Knit to Pray, began monthly on Saturdays. In June we welcomed Revd Clare Shepherd as associate priest and Chaplain to the Universty of Cumbria, and she was licensed by Rt Revd Jill Duff, Bishop of Lancaster. We also hosted the High SherFffs Shield Hanging SeICe. at which our Priory Choir sang beautifully, including a rendilion of a Kyrie sung in Urdu. assisted by Children frorn Willow Lane Primary School. We also had a structural survey of the Priory building this month, conducted by our newly appointed Strudural Engineer. David Wiggins. St Andrews Madtigal Group and Lancashire Music seiCe cOnrt Band also held concerts outside of the Coffee cOnrt pattern. On the 12th of June we participated in the city's first formal 'Lancaster Day, _ our bells rang out in celebration and Sanctuary Guild curated a small exhibition of the Lancaster Cope for visitors to the church building. The Priory also saw ordinand Kaarina Leong move on to her curacy at Christ Church Lani2ster and ordination as a Deacon this month - it was lovely to have Kaarina on placement with us and we wsh her well in her fubjre ministry. There were 36 Coffee ConrtS throughout the year. these were exollent opportunitFes not onty for performers but also lo build community. Thank you to all who made and served ¢J)ffee. to perfomers and audien members and of o)urse to Steph Edwards, fundraising and events coordinator. for managing these bookings. July was a quieter month. but we hosted the Deanery Synod wtth a Jacobs Join meal and the annual Lancaster Royal Grammar School Founders. Day Service. We enjoyed a fabulous final choir Sunday with a BBQ (moved indcors due to the rain) to which we invited The Occasional Singers. This intergenerational feature of our music department is great, and y hope to build on this in the future, seeing each distinctive element and group that are part of tt as a gift. We are grateful to our Director of Music and Priory Organist for their exlIent work, to the Iwo tLrtors who teach our choral scholars, and to those who volunteer to chaperone, teach theory, organise robes, music and more. Throughout year we held 4 weddings, 21 Baptisms and 9 funerals. During August the Occasional Singers (led by lan Pattinson) ably led our music so that the Priory Choir could tske a V11 eamed rest. An Art Group used our building weekly throught this month, and this was a valued space for them. In September we welcomed back the Priory Ch(Hr. We continue to enjoy having undergraduate singers from Lancaster University in the choir. These senior choral scholars make a wonderful contribulion to the musical life of the church. We also Gurrently have thre8 organ scholars generously supported by the Duchy of LanSter Benevolent Fund." tsvo school-age junior scholars and one undergraduate senior scholar. In September Andrew Nicholson, Priory expert undertook several tours for Heritage Week. We also celebrated our Patronal Festival Eucharist and held a light touch Festival of Song in lebratiOn of our patron saint, Saint Mary. We also hosted .1 am Matk, a touring one man (Stefan Smart) presentation of the Gospel of Mark. this was attended by a range of people and much enjoyed. There vS an Exhibition of the woth of Associated Artists of King Street Studio throughout the month. LanrAster Jazz Festival nrtS were also a treat and the London Film Orchestra Candlelit Concerts were a sell-out. October was a quiet month with much preparation for the latter part of the year but we were a key venue once again for Lancaster Music Festival. Coffee and Theology Group. led by Michael Fielding and supported by Pauline Fielding met in the year, providing a much valued space to engage with the Bible over good coffee. Light Up Lancaster aEways starts November spectacularty, this year with the Priory Organ playing a key role in the installation. Huge thanks to Rebekah Okpoti for providing over 8 hours of live playing (interspersed with some recorded organ for breaksl). Remembrance Day was marked at the memorial in the Town Hall gardens. and again on Sunday. Sunday also inc]uded a parade to the Priory Church and a very well attended Civic seiCe 7Mth a new timetable - the Civic servi happening before the Act of Remembrance at 11am and the Parish Eucharist being in the aftemoon. We celebrated the feast of All Saints and also wth our annual All Souls seiCe (this year an Evensong). remembering those who have died in years past. In 2024, the Priory re-launched its men's fell(Iwship group wth great SucsS and we thank those vtho organise and provide the hospitality for this. Page 6
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and perf0mnCe Icontinued) Review of the Year continued During AiJvent {December) the fonner Mustard Seed Group and friends prepared around 100 Christmas Parcels for families receiving free school meals at Willow Lane Primary School and also to some families in need wtthin the East Meets West Network. The Christmas Candlelight Concerts were SU$sTu1 in 2024. continuing to highlight the talent within the music department rtself. These o)ncerts focussed on the Organ. Choir and our home team. Our Choir Vre extremely busy during the Advent and Christmas Season fulfilling many engagements at the Judges Lodgings, Lancaster Castle, on the back of a lory at the BID lights switch on for the city and by no means least in singing for the visit of the Duke of GEOUster to mark the 1 Ooth anniversary of the dedication of the cty war memorial. Our toddler crib service and Christingle (at which we welmed Children's choir for the first timel) continue to grow numerically, and Midnight Mass and Christmas Day Serlices were thriving as usual. Whilst we do not keep St John's Day at St John's Chur¢h, we did keep this at the Priory. 2024 was a wonderful year at Lancaster Priory. though the latter part of the year has pethaps slowed down as our ¢18rgy numbers were reduced. We continue to see rn0 new faces amidst our congfegations. The success of this. as with every year, is down to the commitment (both in temis of their time and their money) and dedication of our congregations, our Parochial Church Council, our staff and volunteers. We c<)uldn't be a thriving parish with plans to grow our mission and ministry in the future without them. Thank you to everyone, but most imporlanlly- Thanks be to Godl Flnanclal revlow Total receipts on unrestricted funds Yre £267,755 which included £99,269 from unrestricted planned giving donations, £26,558 from Gift Aid recovered on all fonns of eligible giving and £34.073 from grants & donalions which included £27,831 from the Earf Peel Trust Fund towards the cost of fabric related expenditure. Restricted grants and donations totalling £400,942 were reived, being for Marsh outreach, support of the choir, building repairs and provision of a community space. Grants and donations are detaiSed in note 5 to the finaneAal statements. The planned giving through envelopes and stsnding orders showed an Increase of 3.50h (2023.. 14.8%) over the year. Unrestrided collections showed a de¢ase of 23.50A (2023.. 11.4%). The use of Grft Aid envelopes is encouraged for collections at special services. at regular seplices for those who do not give by standing order or planned giving envelopes and also for single donations. Contadless Gard payment is an altemative donation option and has proved to be beneficial. The calculated Parish Share for 2024 was £90.752. The Parish sha largely provides the stipends and housing for our clergy. The calculated Parish Share for 2025 has increased to £91,821. Res8rves poll¢y The reselves policy adopted by the PCC is to maintsin free unrestricted reser88 at a lev81 which equates to li) up to 3 months running and staffing cosls and (li) a further £50,OCrf) reserve to all¢JW for the considerable responsibilities of maintaining a Grade 1 listed building. The free unrestricted reser¥es required under this policy based on the budgeted expenditure for 2025 is £1C,3S7. The reserves policy is reviewed annually. Total unrestricted reserves held at the year end amounted to £193,248. Induded in unrestricted reserves are designated reserves totalling £10.175 of which £2,986 are to be used at the vicarfs disuetion and £7,189 for choir costs The free unrestricted reserves, not committed or invested in tangible fixed assets and bookshop stock, held by the PCC al 31 December 2024 amounted to £163.111. This is above the nomial level of free unrestricted reserves required under the policy set by the trustees. However. there is a projected budget deficit of £45,142 for 2025 and work is still required to the north aisle arch and other areas of the building at a substsntial cost whith cannot be covered from annual income, rendering it necessary to hold a higher level of reserves for the time being. Steps will be taken by the PCC during 2025 and in future periods to reduce budget deficits in order to be able to hold a lower level of resep4es in line with the reserves policy. It is the PCC'S policy to invest surplus funds in CBF funds and interest bearing accounts at its bank. Page 7
LANCASTER PRIORY AND PARISH CHURCH OF ST. PaARY ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 Ststutory compllance The accounts comply the current statuw requirements. the requirements of the Church Attounting Regulattons and Ihe Charities SORP (FRS 102). The PCC has mplIed the duty to have regard to House of Bishops, guidance on safeguarding. The accounts (financial ststem8nts} have been prepared in a(xordance with Accounting and Roporting by Charities: Statement of Recommended Practice applicab to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) {eff8ctive 1 January 2015). Ihe Charities Act 2011 and UK Generally Acopted Practic£ as it applies from 1 January 2015. On behalf of the PCC Dame P Fieldlng Churchwarden Date IS Lfr 2S- Page 8
LANCASTER PRIORY AND PARISH CHURCH OF ST. paARY INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent Examlnetrs Report to the Parochial Church Councll of Lancaster Prlory and Parish Church of SL Mary I report on the finan(aal ststements of ts PCC for the year ended 31 DecEmber 2024. as set out on pages 10 to 21. Your attention is drawn to the fact that Charity has ppared the Financial Statements in accordan with Accounting and Reporting by Chartlies preparing their ac£ounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charibes: Ststement of Recommend8d Practice issued on 1 April 2005 which is referred to tn the extant regulations but has Sin been withdrawn. We understand that this has been done in order for the aw)unts to provide a tnp and fair view in accordance with the Generally Accepted A¢¢ourting Practlce effective for reporting periods beginning on (K after 1 January 2015. This report is made solely to the PCC'S members. as a body. in accordance with the Church Accounting Regulations 2006 {'the Regulations.) and secion 145 of the Charities Act 2011. My work has been und8rtak8n so that I might state to the PCC'S mernbers those matters l am required to state to them in this report and for no other purpose. To the fullest extent perrnstted by law. I do not accept or assume responsibilty to anyone other than the PCC and the PCC'S members as a body for my work or for this report. Rasponslbllltlo8 and bas18 of roport As members of the PCC y(yJ are responsible for the preparalion of th8 finanaal statements in accordance with the requirements of the Charities Act 2011 Cthe Arf). I report in respect of my axamination of the charivs accounts carried out under section 145 of the Act and in carying out my examinatlon I have fotlowed all the appli(xble Dire(thns glven by the Charity Cornmisslon under section 145(5){b) of the Act. Indopendgnt examlnerf• 8tatemont Since the charitys gross income exceeded £250,OCQ your examiner must be a m8mb8r of a l)ody listed in section 14S of the Act. I confirm that l am qualified to undertake the examination becau8é18m a member of ICAEW, which is one of the listed bodies. I have completed my examination. l oxffim) that no material matters have ¢xme to my attention in connection with the examination giving me cause to believe that in any material respecL 1. accounting cordS were not kepl in r8SP8Ct of the (arity as required by section 130 of the Act, or 2. the ac¢ounts do not accord with those r8cords", or 3. the accounts do not comply with the applicable requirements ¢onceming the form and content of accounts set out In the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts givé a 'tNe and fair view, whl¢h is not a matter considered as part of an independent examination I have no Goncems and have come across no other mattws in c4)nnection Ith the examination to which attention should b8 drawn in this report in order to enable a prr undérstanding of thé accounts to be reac1d. S W Hlnnigan FCA CTA Xelnadln Dalton House 9 Dalton Square Lancaster LA11WD Date Page 9
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted Funds Funds TOTAL FUNDS 2024 2023 INCOME AND ENDOWMENTS Voluntary income Church activities Facing Ihe Past activities Activities for generating funds Income from investments 2(a) 2(b) 2(c) 2(d) 2(e} 193,360 17.( 401,905 595,265 17,C60 201,302 20,019 193,067 61,325 6,228 54.302 3.033 54,302 7,398 TOTAL INCOME 267.755 406.270 674,025 481,941 EXPENDITURE Raising funds Church activities Facing the Past activilies 3{a) 3{b) 3(c) 11,657 260.969 31 11,657 301,600 1.8 13,455 295,655 193,519 40,631 1.769 TOTAL EXPENDITURE 272,657 42,400 315,057 502,629 NET INCOME I (EXPENDITURE) BEFORE INVESTMENT GAINS (4.902) 363,870 358,968 (20,688) NET GAINS ON INVESTMENTS 2.168 1,118 3.286 12,442 NET MOVEMENT IN FUNDS (2.734) 364,988 362,254 {8,246) TOTAL FUNDS BROUGHT FORWARD 14 195,982 211,406 407,388 415,634 TOTAL FUNDS CARRIED FORWARD 13&14 193,248 676,394 769,642 407,388 The funds breakdown for 2023 is shown in note 17. The notes on pages 12 to 21 form part of the financial statements. Page 10
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY BALANCE SHEET AS AT 31ST DECEMBER 2024 2024 2023 FIXED ASSETS Tangible fixed assets 19,868 28,388 CURRENT ASSETS Sto Investments Debtors Cash at bank and in hand 613 146.829 62.655 551,9n 3,214 143,543 39,733 215,758 762,070 402.248 LIABILITIES Creditors - amounts falling due in one year 10 12,296 23,248 NET CURRENT ASSETS 749.774 379,000 TOTAL NET ASSETS 13 769.642 407,388 PARISH FUNDS 14 Unrestrfcted General Designated Restricted 13&14 13&14 13&14 183,073 10,175 576,394 188,624 7,358 211,408 769,642 407,388 These accounts have been prepared in accordance wilh the Charities SORP (FRS 102) Approved by the Parochial Church Council on 28 April 2025 and signed on its behalf by Dame P Fielding Churchwarden 21 (k Is- Oate The notes on pages 12 to 21 fomi part of the financial statements. Page11
LANCASTER PRIORY AND PARISH CHURCH OF ST. AqARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Th8 financial statements have been prepared in accordan with Accounts"ng and Reporting by Charities". Statement of Recommended Practi applicabEe to charities preparing their ac¢ounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effertive October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Stsndard apicable in the UK and Republic of Iand (FRS 102), the Church AUntIng Regulations 2006 and the Chatities Act 2011. The financial ststements have been prepared to give a Irue and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view. This departure has involved following ihe Accounting and Reporting by Chartlies: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities- Statement of Recommended practi effective from 1 April 2005 which has SITr been withdrawn. Lancaster Priory and Parish Church of St. Mary meets the definition of a public benefft entity under FRS 102. Assets and liabilities are initially recognised at histori(21 cL)st or transaction valu8 unless otherwise stated in the relevant accounting policy noles. The financial statements are presented in GBP and rounded lo the nearest £1. The financial statements indude all transadions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that afe informal gatherings of church members. Exemption from preparing a cash flow statement The Charity has taken advantsge of the foll0Yng disdosure exemption in preparing these financial statements, as permitt8d by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: Ihe requirements of Section 7 Statement of Cash Flows. Funds R8Stricted funds represent donations, grants and other income reiVed for a specific object or invited by th8 PCC for a specific objed. The funds may only be expended on the spectfi¢ object for vthich they were given. Any balance remaining unspent at the end of ea¢h year must be carried forward as a balance on thal fund. The PCC does not usually invesl separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on the basis of the balances held in each fund on a daily basis. Details of funds held are provided in note 14 to the financial statements. unStriCted funds are 98neral funds of the PCC that are not subject to any restrictions regarding their use and are available for the application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC form part of the unrestricted fund and are detailed in note 14 to the finanal statements. Incom8 Donationa and leg•cl¢• Committed giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to whith they relate is re1ved. Grants and legacies are accounted for vthen the PCC is legally entitled to the amounts due. Government grants The charity receives govemment grants. Income from govemment and other grants are recognised al fair value when the charity has entitlement after any perfornian conditrons have been met, it is probable that Ihe income will be received and the amount can be measured reliabty. If entitlement is not met then these amounts are deferred. Other trading activities Income from fund raising events are accounled for gross. Coffee Shop sales are accounted for gross. Rental income from the letting of church premFses to outsrde lyxlies is accounted for when earned. Page 12
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES (Continued) Investments Dividends are accounted for vthen due and receivable. Inte$t enttuements are accounted for as they ac£rue. Church activities Parochial fees due to the PCC for weddings. funerals. etc are accounted for vthen due. All other income is accounted for when due. Investment gains and losses Realised gains or losses are recognised when investrnents are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December. Expendituro Church activltles Grants and donations are accounted for when paid. or when awarded. rf that avRrd creates binding obligations on the pcc. The Diocesan parish share is accounted for when payable and any assessment unpaid at 31 December is shown as a creditor in the Balan Sheet. All other expenditure is recognised vthen it is incurred and is accounted for gross. Flxed A880ts Consecrated land and bulldlngs and moveable ¢hurch furnishings Consecrated land and buildings and beneficed propety of any kind is exduded from the financial statements by 510(2){a) and {¢) of the Charities Act 2011. No value is placed on moveable church fumishings held by the churchwardens on special trust for the PCC and which requi a faculty for disposal since the PCC considers this to be an inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings. induding the pipe organ which is considered to be an immoveable item and part of the fabric of Ihe church, and moveable church fumishings, whether maintenance or improvement, is written off as expenditure and separately disclosed. Other flxtures, fithngs and office equlpment Equipment used within the ¢hur¢h premises is depreciated on a straight line basis over 4 years, 10 years or 20 y8ars as appropriate. Individual items of equipment with a PUf¢hase pric8 of £1,(XJO or less a written off in the period in which the asset is acquired. Inve81ments Invè8tm6nt$ ar• valued at market value ot 31 Dgcombor. Current assets Stock of goods for resale is stated at the lower of cost or net realisable value. Amounts owing to the PCC at 31 December in respeci of fees, rents or other income a shi)wn as debtors less any provision for amounts that may prove irrecoverable. Short-term deposits include cash held on deposit at the bank. Operating lease8 Rentals payable under operating leases are charged to the SOFA on the straight line basis over the term of the lease. Going concern The financial statements have been prepared on a going conrn basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial stalements. The budgeted in¢xme and expenditure is sUffIent with the level of reserves for Ihe charity to be able to continue as a going concem. Page 13
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 INCOME AND ENDOWMENTS TOTAL FUNDS 2024 Funds Funds 2023 Nots (a} Voluntary Income Planned giving= Gift aid donations Other planned giving Tax recoverable Collections (open plate) at all services Legacies Grants and donations Other income and sundry donations 86.029 13,240 26.558 10.796 86.029 13,240 26.648 10.796 84.451 11,434 25.269 14,104 500 34,895 30,649 34.073 400,942 873 435,015 23,537 193.360 401,905 595,265 201.302 (b) Church actlvltles Fees Use of Church buiklings Contributions to other 8xpenses Social & outreach income Young people, families & OLrtrea¢h work 3.998 215 10.965 3.998 215 10,965 5,549 519 12,664 1,107 180 838 838 17,060 17,060 20,019 (c) Facing the Past a¢tlvitle$ Facing the Past joint project 193,067 193,067 Id) Actlvltles for generatlng fund$ Bookstall Fundraising events Coffee shop Use of Church buildings 12 19,531 11,361 30,421 13,952 8,893 31.457 13,952 8,893 31,457 54,302 54,302 61,325 (e) Investment Income Dividends on CBF Investment Fund Shares Bank and other inlere8t 2,331 702 1,653 2,712 3.984 3.414 3,923 2,305 3,033 4,365 7,398 6,228 TOTAL 267.755 406.270 674,025 481,941 Page 14
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 EXPENDITURE Unrestricted Restrlcted Funds Fund5 TOTAL FUNDS 2024 2023 (a) Raising funds Bookshop expenses & stock wlo Coffee shop expenses Event expenses Publicity costs Planned giving and Gift Aid envelopes 2,509 5,405 3.592 77 74 90 5,170 8.058 70 67 5,405 3,592 74 11,657 11,657 13,455 {b) Church activities Missionary and charitable giving Ministry.. Diocesan parish sha Other ministry costs Music Salaries Church running and maintenance Structural reports Young people. families & outreach work Social & outreach costs Stationery, telephone and office equipment Office equipment lease ¢harges Bank charges Independent examinels remuneration Quinquennial Inspection fee Legal fees Sundry expenses D8preciation & loss on disposals 18 6,700 90,752 9,553 513 7.213 90,752 9,553 7,974 75,835 74.353 10,110 5,066 140 7,412 94.704 10,118 6.033 63,429 87,015 7,290 23.014 1.530 52,821 72,823 10,110 17 140 5,049 819 267 7,615 931 1,302 3,483 2,183 1.297 290 3,598 1.297 350 3.598 3,175 3,175 68 10,276 8,520 8,520 260.969 40,831 301,800 295,655 (¢) Facing the Past actlvltles Facing the Past joint project 31 1,769 1,800 193,519 TOTAL 272,657 42.400 315,057 S02,629 2024 2023 STAFF COSTS Wages and salaries Employe¢s pension contributions Social security costs 70,646 1.211 3,978 59.528 924 2,977 75,835 63,429 During the year the PCC employed an organist, choir director. operations manager, 1 assistant verger. outreach worker, volunleer and events Co-ordinator I P A to Vicar. none of whom eamed £60.0 p.a. or more. PCC members were reimbursed expenses of £92 (2023 - £323) for the year. There were no other disdosable transactions in respect of PCC members. persons dosely connecied vth them or other related parties. There are no full time employees. The part time employee roles equate to an average of approximately 2.7 full time employees. Page 15
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 GRANTS AND DONATIONS RECEIVED Earf Peel Trust Fund Jessica Lofthouse Fund Lancaster Priory Music Trust Listed Places of Worship Grant Sd)eme Priory Hall Trustee Fund Duchy of Lancaster Benevolent Fund Benefact Trust The National Lottery Community Fund Coronation Grant Moss Memorial Trust 27.831 10.317 9.325 2,520 353.722 12,772 6,637 2,217 3.000 4,250 19,250 9,999 270 7,800 435,015 34,895 FACING THE PAST PROJECT Grant- National Lottery Heritage Fund Partner contributions 192,067 1,000 193,067 FIXED ASSETS FOR USE BY THE PCC Office Other Equlpment Equlpment Total GROSS BOOK VALUE At 1 January 2024 Disposals 4.192 (4.192) 115,188 (4.020) 119,380 (8,212) At 31 Dernber 2024 111,168 111,168 DEPRECIATION At 1 January 2024 Charge for the year Disposals 4.192 86,800 8,240 (3,740) 90,992 8,240 (7,9321 (4.192) At 31 December 2024 91.3LK) 91,300 NET BOOK VALUE At 31 December 2024 19,868 19,868 At 31 December 2023 28,388 28,388 2024 2023 INVESTMENTS Current asset investment 6,349.98 CBF Church of England Investment Fund Income Shares Market value at 1 January 2024 Gain l {loss} on annual revaluation 143.543 3,286 131.101 12.442 Market value at 31 December 2024 146,829 143,543 Cost at 31 December 2024 100,000 100,000 Page 16
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR Income tsx re¢overable other debtors Prepayments 18.829 6.649 37,177 20.998 3.044 15,691 62,655 39,733 10 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors Accruals Income received in advan Loan - Priory Hall Trustee Fund 3,868 6,925 1,503 4,895 6,334 2,774 9,245 12,296 23,248 11 COMMITMENTS OPERATING LEASE COMMITMENTS The minimum lease payments under operating leases fall due as folkwd.. Equipment Within 1 year Beeen 1- 5 years 1,099 3,298 1,099 4,397 4,397 5,496 12 CONNECTED CHARITIES During the year the PCC ceiVed grants from the foll0vng chartties and trusts which support the Priory as appropriate within the terms of their goveming documents and objects.. Lancaster Priory Music Trust which is a charty involved in raising funds for the support of the music department at Lancaster Priory. The amount received in 2024 was £9,325 (2023.. £6,637). The Earl Peel Trust Fund - £27,831 (2023: £12,772) for qualifyqng fabric repairs. Priory Hall Trust00 Fund - £353,722 {2023 - £Nil). During the year the PCC paid £5,523 {2023: £Nil) to the Priory Hall Trustee Fund in part repayment of a loan of £15,000 received in 2021 to assist with cash flow in connection with the lighting scheme. The remaining balance on the loan of £3.722 was waived by the Priory Hall TrLtstees. Page 17
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13 ANALYSIS OF NET ASSETS BY FUND Unrestricted General t)85ignated Fund Fund Restrlct&d Fund Total Tangible fixed assets Current assets Current liabilities 19,868 174.704 (11.499) 19,868 762.070 (12.296) 10.175 577.191 (79n 183.073 10,175 576,394 769,642 Comparatlve of net avdets by fund: Unrgstricted General Deslgnated Restrlcted Fund Fund Fund Totsl Tangible fixed assets Current assets Current liabilities 28,388 182.442 (22.206) 28.388 402,248 (23,248) 7,358 212.448 (1,042) 188.624 7,358 211.406 407,388 14 FUND DETAILS The Unre8trf¢tsd fund ¢ompri8e8: Balanco at 01.01.24 Incomlng Resources Transfers & Balance at rosourcos expendod Invgstmont 31.12.24 galnsllosses Designated funds.. Vicar's fund Music Fund 100 2,988 7,189 4.472 2,677 7,358 188,624 2,677 {509> 10.175 183,073 General reserve 267.615 (272,65n 195,982 267,755 (272,657) 2.168 193.248 The Vicarfs fund is for expenditure at the discretion of the vicar. The Music Fund is for expenditure to support the music department. The g8neral reserve represents those funds lch are unrestricied and not specifically designated for other purposes. Comparatives of Unrostricted funds: Balance at Incomlng Resource5 Trnnsfers & Balance at 01.01.23 mources exwded Investment 31.12.23 gainsllosses Designated funds- Vicals fund Music Fund 2,861 3.528 25 2,886 4,472 6.389 199.301 25 261,217 7,358 188.624 General reserve (281.749) 9.855 205.6 261.242 (281,749) 10,799 195,982 Page 18
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14 FUND DETAILS (conllnued) The Restricted fund compris88: Balance at Incoming Resources Trdnsfers & Balance at 01.01.24 resources ?xpendgd Investment 31.12.24 gainsllosses Priory Fabric Fund Education, Youth & Children's Work Fund Marsh Fund Music Fund Organ Fund Charitable Objects Fund Facing the Past Joint Project FurKI Priory Hall Fund 30,229 113,272 8.601 36,824 16,312 4,399 1.769 15.170 2,405 27,050 10.486 582 577 45.399 116,530 20.553 27,260 15,364 4,463 (265) (15,098) (20.050) (1.530) (513) (1,769) (3,175) 1.118 350.0 346.825 211,406 406,270 (42,400) 1,118 576,394 The Priory Fabric Fund is for expenditure on the Church buildings and fixtures. The Education, Youth and childn'S Work Fund supports the WO of the education department and work with young people and families. The Marsh Fund is for use in the Marsh residential area of the Parish. The Music Fund is to promote the yrk of the Priorrfs d)oirs and music making. The Organ Fund is for expenditure on the renewal or repair and tuning of the Priory (Kgans and piano. The Charitable Objects Fund represents monies for the support of Wofk the homeless through Mustard Seed and donalions received which are to be distributed to other charities. The Facing the Past Joint Project Fund represents monies held by the PCC as fund manager for a joint project involving Lancaster Priory, More Music, Lancasler Judges Lodgings Museum. Lancaster City Council and local schools, primarily funded by grants from Arts Council England for Phase 1 and National Lottery Heritage Fund for Phase 2. The project has now concluded. The Priory Hall Fund must be used for the purpose of providing community Spa for use by and beyond the church community. Comparatlves of restricted funds: Balance at Incoming 01.01.23 resources Rosources expended Transfers Inv9Stmgnt galnsllosses Balance at 31.12.23 Priory Fabric Fund Education. Youth & Children'5 Wotk Fund Marsh Fund Music Fund Organ fund Charitable Objects Fund Facing the Past Joint Project Fund 29.956 1(,082 9.259 36,867 17,481 4,558 5.741 273 2.109 9,999 14,086 500 30,229 113,272 8,601 36,824 16,312 4,399 1,769 (82) (10,65n (14,129) (1,669) (824) {193,519) 5,163 193,067 (3.520) 209.944 220,699 (220.880) 211,406 2024 2023 15 RELATED PARTIES Unconditional donations received from PCC members and their close family 35,595 34.421 Page 19
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 16 SCHEDULE OF DONATIONS Donations from specified donations Lancaster & District Homeless Action Service DEC Turf(ey Appeal British Red Cross Libya & Morocro Appeal 200 176 237 613 Donations from charitable gfvlngprogrnmme CMS DEC TUeY Appeal EducAid Sierra Leone Lancaster & District Homeless Action Servi Marsh Community Centre Musalaha UK RAIS Lancaster Reaching the Unreached 1,100 1,000 100 1,000 1,100 100 1,100 1,100 1,100 1,100 1,000 1,000 1,000 1,000 6,700 6,100 Donatlons fmm speclal setvlces. Collections and eveiits.. Children's Society - Christingle Sep4ice Royal British Legion 513 624 75 513 699 TOTAL DONATIONS 7,213 7.412 Page 20
LANCASTER PRIORY AND PARISH CHURCH OF ST. MARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 17 COMPARATIVE OF STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted TOTAL FUNDS Funds Funds 2023 Note INCOME AND ENDOWMENTS Voluntary income Church activitses FarAng the Past activities Acts'vities for generating funds Income from investments 2(a) 2{b) 2{c) 2{c) 2(d) 178,634 19,834 22.668 185 201,302 20,019 193,067 61,325 6,228 193,067 1,291 3,488 60,034 2.740 TOTAL 261.242 220.699 481,941 EXPENDITURE Raising funds Church activities Facing the Past activitses 3{a) 3{b) 3(c) 12.765 268.984 690 13,455 295,655 193,519 26,671 193,519 TOTAL 281.749 220,880 502.629 NET EXPENDITURE BEFORE INVESTMENT GAINS (20,507) (181) (20,6881 NET GAINS ON INVESTMENTS 7.279 5,163 12,442 TRANSFERS BETWEEN FUNDS Transfer to Facing The Past Proje 3,520 {3,520) NET MOVEMENT IN FUNDS (9,708) 1,462 {8,2481 TOTAL FUNDS BROUGHT FORWARD 205.690 209,944 415,634 TOTAL FUNDS CARRIED FORWARD 195,982 211,406 407,388 In line with the requirements of FRS 102 SORP the above note shows the splrt of comparative infomiation beeen the funds. The option to prepare a separate note has been taken. over the integration thin the existing SOFA {i.e. the eight column approach). Page 21