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 ExaMine￿S 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 DI0￿Se 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 - LI￿n$
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 Ele￿Oral 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 be￿een 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 finan￿s.
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 w￿rker. 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 v￿rshIp and music and ServI￿S 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. li￿nsed 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 Y￿rk as a wider team of li￿nsed clergy, Clergy with permission
to officiate, li￿nSed 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 dI0￿san 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 perf0m￿nCe {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 Ma￿hMallOW$.
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 W0￿er if she would start and Chair this group of 9 people. Members live locally or
are regularly involved in the Centre and a￿a. 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 serVi￿S. 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 con￿rt. 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 se￿1￿ 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 Se￿ICe. 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 se￿iCe cOn￿rt Band also held concerts outside
of the Coffee cOn￿rt 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 Con￿rtS 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
ex￿lIent 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 V￿11 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 Lan￿Ster 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 v￿S an Exhibition of the woth of Associated Artists of King
Street Studio throughout the month. LanrAster Jazz Festival ￿n￿rtS 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 se￿iCe 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 se￿iCe (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 Suc￿sS 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 perf0m￿nCe 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 V￿re 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 GEOU￿ster to mark the 1 Ooth
anniversary of the dedication of the cty war memorial.
Our toddler crib service and Christingle (at which we wel￿med 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 Y￿re £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 re￿ived, 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 reser￿88 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 p￿pared 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 sec*ion 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 I￿th the examination to which attention should b8
drawn in this report in order to enable a pr￿r undérstanding of thé accounts to be reac1￿d.
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 ap￿icable in the UK and Republic of I￿and (FRS 102), the Church A￿UntIng
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 foll0Y￿ng 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 re￿iVed 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.
un￿StriCted 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 finan￿al 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 r￿e1ved.
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 con￿rn 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
sUffI￿ent 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 v￿th 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 De￿rnber 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
Be￿een 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 foll0v￿ng 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 child￿n'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 y￿rk 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 TU￿eY 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 be￿een 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