Charity registration number.. 1132704 The Parochial Church Council of The Ecclesiastical Parish of St.John and St.Martin (Beverley Minster) Annual Report and Financial Ststements For the Year Ended 31 De￿mber 2020 The Parochial Church Council of the Ecclesiastical Parish of St. John and St. Martin (Beverley Minster) Contents Trustees Report................................................................................................................................... Statementof Twstees, Responsibilities............................................................................................. 12 Independent Examiner's Report.......................................................................................................- 13 Statementof Financial Activities.......................................................................................................- 14 Balance Sheet................................................................................................................................... 15 Statementofcash Flows.................................................................................................................. 16 Notes tothe Financial Statements..................................................................................................... 17 The Parochial Church Councll of the Ecclesiastical Parfsh of St. John and St. Martin (Beverley Minster) Trustees Report for the Year Ended 31 December 2020 The Trustees present the annual report and financial slaternenls of the charty for the year ended 31 December 2020 Thefinancial statements have been prepared in accordance with the accounting policies set out in note 110 the financial statements and comply with the Charity's governing documant, tha Charities Act 2011 and °Accounting and Reporting by Charities.. Statement of Re¢ommended Practice applicable lo charrties preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 leffectThie 1 January 20191 as detailed in the accounting PKJlicies. Background The Parochial Ch(Jrch Council of the Eccle8iaslical Parish of St. John & Sl. Martin (Bevedey Minster) has thè responsibility of c¢)operaling with the VicaT, The Rev'd Jonathan Baker in promoting in the ec¢lesiaslical parish, the whole mission of the Church, pastoral. Èvangelistic, social and ecumenical. This includes the mission of the Minslerfs associate churches of St. LeonaTd's, Molescroft. St. Paul's, Tickton {as part of the Church in Ticklon, an Anglican Methodist Local Ecumenical Partnership), and St. Peler's, Woodmansey. Each of these has a Management Committee which is elected annualty by ils congregation and reports to the PCC. The PCC'S pc>wet3 and responsibilities iii respeGI of repairs and maintenance of the historic fabric of Boverley Minster are de￿gated annually to the Bevedey Minster Old Fund, which is an independent trust. PCC rglatod charities The incumbent of the Parish, being Ihe Vicar. together with the Churchwardens for the time being. are not Trustees of any other charity except that the incumbent, in his own right is a Trustee ofthe Beverley Minster Old Fund Ireg. no. 2242081. Endowvnent funds Endowmentfunds include bequests from Cecil Bainlon Ideceased). C H Barringer Ideceasedl and C M L Walker Ideceasedl, and also the Naylor Fabri¢ Fund of Ticklon Church. Beverley Minster Shop Ltd The PCC is the beneficia5 owner of 1 OOOA ofthe issued Share Capital of Beverley Minster Shop Ltd and exercises rts control through nominee directors appointed by the PCC. All profrts of the Company are covenanted to. and transferred to, the PCC for the unrèstricted benefit of Bevedey MinstÈr_ The financial result of Bevedey Minster Shop Ltd is included in the PCC'S financial statements. in accordance with the Accounting and Reporting by Charities.. Statement of Recommended Praclits SORP {FRS 102) 2019. Independent Trusts Beveley Minster has an invohr8m8nt wtth a number of indepéndént trusts which are listed below. Mor8 information about these trusts is provided in note 25. Vicar and Chur¢hwardens' Account Hallgarth Field Beverfey Minster Old Fund Friends of Beverley Minster Canon Nolloth Trust The John Cwper Melling Fund Tha Parochial Church Council of the E¢¢lesiastiGal Parish of St. John and st. Martin (Beverley Minster) Trustees Report for the Year Ended 31 December 2020 PCC Membership PCC members are normally eleded al the Annual Parochial Church Meating held before the end of April. The COVID-19 pandemic and the consequent control measures meant that Churchwardens and PCC members continued lo serve until the APCM was eventually held in November. Members of the PCC are ex-officio or elected in accordance wf(h the Church Representation Rules. To qualify for election to the PCC, candidate5 rnust be on the Electoral Roll of the Ece1esiasl￿al Parish of St. John & St. Martin. During 2020, the following served a5 members of the PCC.. PCC members whose membership ceased at the APCM on 2 November 2020 Mrs Rosemary Hart Miss Naoml Merrweather Mrs Carol Mounslephen Mrs Maryorie Neaum PCC members whose membership ceased at Dlh8r times in 2020.. Clive Waddinglon, David Almond and Peter Mounslephen stepped down as Churchwardens List of members at 31 December 2020.. Ex-Off￿￿ Cleoy.. R¢v'd Canon Jonathan Bak¢r Rev'd Wendy Wale R8v'd Dr. Tim Kelly Ch￿￿hWardanS Mr Paul Collins Mrs Sarah Merrell Mrs Sandra King 1st. John} Mrs Dawn Pollard Mr lan Merrywèathar IWeg1} Wardens of the Associated Churches Mr Andrew Hanc¢xk 1st. Leonard's) Mrs Dawn Pollard (St. Peter'sl Mrs Kate Powell (Ticktonl Desn¢ry Synod fflembers- elected 2023 Mrs Dawn Pollard Mr lan Merryweath8r PCC elected until 2021 Mr John Bull Mr Martin Doolan Mr Tony Kelhatn PCC é19Cted until 2022 Mr Steve George Mrs Meg Choules Mrs Deena Sharples Mrs Sarah Merrell Mrs Rachel Colllns PCC 6loGted until 2023 Mr Richard Powell Mrs Joyce Shaw Mr Roderick McPh8e Miss Naomi Merriweather Mrs Sue Robson The Parochial Church Council of the Ecclesiastical Parish of SL John and St. Martin (Beverley Minster) Trustees Report for the Year Endad 31 Docamber 2020 Ctroplgd None Members of the PCC can be contacted by wri(ing lo them at The Parish Centre 38 Highgate Beverley HU170DN Officgrs Chair.. The.Wicar Vice Chaimian.. Mr Martin Doolan Treasurer.. Mr Steve George Secretary to the PCC.. Mr Peter Morris Eledoral Roll Officer.. The Parochial Church Council of the Ecclesiastical Parish of St. John and St. Martin (Beverley Minster) Trustees Report for the Year Ended 31 December 2020 Ob]ectlvè> and act5vltS08 Beverfey Minster Parochial Church Council IPCCI has the responsibility of coopèrating with the inciimbent. the Reverend Canon Jonathan Baker, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral. evangelistic, social and ecumenical. The PCC is also specrfically responsible for the maintenance and development of its Associated churches of SL Pelerfs, Sl. Leonard's and The Church in Tickton LEP. Further. the PCC is responsible for the upkeep and use of the Parish Hall, Emmaus Room, Peter Harrison Room and the Parish Centre in Hi9hgo1o. PubliT¢ Benefit When considering the objectives of the charity. the Trustees are aware of the Charty Commission's guidance on public benefit in °The Advancement of Religion for the Public Benefit. and have regard lo it in their work in the Parish. The PCC believes that by working wf(h the Viear and cooperating in all matters of con￿rn and importance for the promotion of the whole mission of the Church. pastoral, evangelistic, social and ecumenical, tho Minster, with assoGiate churclie5, piovide a benefrt to the putsllc by.. Providin9 rèsources and facilities for public worship, pastoral care and $pirilual, moral and intellectual development, both for its members and anyone who wishes to benefit from what the church offers., Promoting Christian values and service by members of the churches in the Parish lo their communities, lo the benefit of indNiduals, families and society as a whole. The PCC is committed lo enabling as many people as possible lo worship 81 our church and lo become part of our parish community. The PCC and clergy team maintaiii an overview of worship throughout the parish and suggest how our serVI￿S can involve the many groups that live within our parish. Our services and worship put faith into practice through prayèr 2rKI scripture, music and sacrament. Structureg govgmance and management The Ecclesiastical parish of Sl. John and St. Martin IBeverley Minster} is a parish within the Church of England as defined by Canon Law. Individual parishes within the Church of England do not have a separate conslrtution, but work will)iii the framework of Church of England Ecclesiasiical Law, consisting ot the Parochial Church Powers Measure1195S) and the Church Representslion Rules. Charitable slalus was receThied on 13 November 2009. Parish Name Bovartay, St. John and St. Martin {8¢verley Minster) Minsl¢r address.. Minster Yard North, Beverley. HU17 ODP Parish Cenlre". 38 Highgale, Bevertey. HU17 ODN Committees The Parwhial Church Coun¢il meets regularfy and operates through commitiees which meet btheen full meetings oflhe PCC and as ne￿$Sary lo conduet relevant, urgent or minor business. The Standing Committee meets only as needed to transact urgent business. The Standing Commitlee comprises.. The Vicar The Churchwardens The Deputy Churchwardens The Deputy Chaiman of the PCC The Treasurer The PCC Secretary Committees: Finance= advises on fin8nei81 m2tters and gpios datailed scrutiny to fi'nancial affairs. Mission Action.. advises on mission in the parish and beyond, including the distribution of financial support. Plant and Facilities: advises on property issues, manages and maintains PCC property. Worship.. advises the Minister and the PCC in ￿gard to worship within the Minster. Minster Youth and Children: oversees all aspects of Youth and Children's Ministry Enterprjse: has an oVerV￿W of all income generation, and ~ou￿ard facing" parts of the Minsterfs life. Staffing.. reviews the terms and conditions under which staff are employed and advises on staffing issues. Risk Management Risk has been defined by the PCC as.. The threat or possibility that an action or event will adversety affect our abilty lo function., The possibility that a beneficial action or evenl will be overlooked. The Parochial Church Council of the Ecclesiastical Parlsh of SL John and SL Martin (Beverley Minster) Trustees Report for the Year Ended 31 December 2020 Financial rlsk The day lo day management of financial risk is delegated by the PCC to the PCC Finance Comrnittee, and it is this Committee that is responsible for reviewing the PCC'S annual budget. The Treasurèr eireul8tos monthly management accounts lo the Committee, showing the financial position compared lo the previous year and budget, and a forecast outlurn for the year The budget for 2020 adopted by the PCC was for a deficit of £64.746 to be financed from reserves. A major expense in the budget is the PCC'S freewill offer in support of the Dioce89 Common Fund. In making this decision, the PCC felt that supporting the di0￿Se was an appropriate use of reserves in furtheran￿ of the Minster's mission and ministry. As the forecast deficit was less than that originally envisaged, the PCC approved a slight increase in the 2020 freewill offer from £130,000 to £145,000. rhe level of donation was discussed both by the Finance Committee and the whole PCC and il was agreed that supporting the Dioeese is a proper way for the PCC lo fu￿11 ils mission and ministry objectivès, and a proper use of the Minslerfs reserves. Reputatlonal rlsk This can be minimised by encouraging best practice in all aspects oflhe Parish's management, thereby reducing thè risk of inappropriate actions which could have a damaging effect on the Parish. Thi5 exiends both to staff and volunteers. all of whom need to be familiar with their duties and adhere lo laid down procedures. Serious incidents. No incidents resulting in signfficant loss of money or assets, damage lo the Minsterfs propety or harm lo the MinsteT'S work, beneficiaries or reputation have occurred during the year. Operationalrisk Olhgrth¥n tha financial risk outlined above, the PCC believes that the Operational Risk lo the Parish is relative low. There is constant concern over the fabric of the Minster, care of which is delegated to a separate charity, Bevertey Minster Old Fund. Of most immediate con¢em is the condition of the roof and some of the stained glass windows. The estimated lolal cost of Ihese repairs is £7.0 million, bul other plans for improved lighting and accessibility will bring the cost up to almost £8.5 million, and work to raise these funds began during 2018. The working group of representatives of Ihe PCC, the Old Fund and the FNends, has continued to drive the projeGt fon￿ard. As well as these essential repairs, we also have a number of other improvements in sustainability, interpretation and 8cces3ibility to the Minster which ¢ould be realised should the appeal raise morè than tha ftjnds needed. The PCC secured a phase 1 grant of £16,300 from the HLF which has started preparations for 8n Èxhibition of Beverley- A Place of Sanctuary, and lo begin repairs on the south lesser transept roof. The HLF funding has been matched by funds from the Old Fund, Friends and PCC. A successful bid for the major phase 2 funding was submitted in May 2019. Work on the Sanctuary exhibition and the more prosaic roof repair started early in 2020. To prevent reseNes from being depleted over lime a small team is developing and implementing a 81ralegy aimed at increasing ordinary income by adopting the DIc￿eSan approach of.. 'Rea¢h, Grow, Sustain. Reaehing Ihosa wa currentty don't Growing in numbers and influence Achieving sustainable finan￿S. The PCC have taken this up too. The objective is lo achieve a sustainable financial status within 5 years, where a sustainable financial position is defin¢d tas one where'ordinary expeiiditure is covered by ordinary income and saving5 and reserves are u8ed only for investment" In financial terms this means achieving a balanca budget, that 'breaks even. over the financial year and that our "invèstmgnts. are evaluated, prioritised and disciplined to achieve our strat￿le objectives, which are lo grow and reach those we currently do not. A 5 year forward plan, focussed mainly on improving income as the key driver lo an improved financial posfiion. Clearly the effects of the pandemic and consequent regulations caused a reappraisal of the strategy, which shifted Ihe short-lerm focus from income growth to cost savlng. Statutory and Legal Requirements The PCC strives lo comply with Church of England guidelines, including those on safeguarding children and vulnerable adults, Charity Commission regulations, accountancy practice and procedures. Health and Safety requirements and all other legislation relating lo the conduct of ils affairs. Electoral roll and church attendance. There were 274 members on the electoral roll presented al the 2020 APCM {274 in 20191. The Parochial Church Council of the Ecclesiastical Parish of St. John and SL Martin (Beverley Minster) Trustees Report for the Year Ended 31 December 2020 Church attendance. Comparisons b8tw88n 2019 and 2020 are essentially mesningless as our churches were closed to visitors and either closed or reslricled for worshippers for much of the year. Average adu￿ attendance at the Minster and associated churches is shown below. The figures are aggregated for the Minster and the three associated churehes. Usual Sunday attendance.. 2020- 25412019- 2961 Communicants al Easter and Christmas 2020 2019 Easter Christmas 339 403 261 The Minster was also the venue for the Sl. John of 8eveNey eNic service. The Trustges Can eonfirm that they h8v8 complied with the requirements of section 4 of the Charities Ad 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Groups with the Minster fami￿ contribute lo supporting public benefit. They are wide-ranging. and include, amongst several others, CAMEO, (Come & Meet Each Other}, Food & Fellowship. The Men's Groups, and a number of House Groups. Minster Youth & Children {MYACI Navigating the pandemic over the last nine months, wrth rf(s share of lockdown. furfough, school c105ures and whatever else COVID-19 has thrown at us hxs bepn an experiencé in learning new gkills quickty and bèing at peace wf(h plans having lo change al the drop of a govemmenl press conferen￿1 We have obviously been restrided with what workwe can do, but have been ableto think creatively on howto continue to support sch¢)ols, children and young people in our town. Schools Work We began the school year with an aim lo provide a recorded collective worship each week for our church schools We manage this on a rots beb￿een the threa clergy and myse￿, using materials from Root3 end Fruits 2 to keep a Consistency with our work. I record a bespoke intro and outro for Minster Priniary, Tickton and Woodmansey each week lo top and tail whoever is recording the collective worship itself. This has meant we have had consi8tent contact with the￿ three schools each week since September. We l)ave aolded St Nick's to the Ilsl after some work I did wrth them after halfterm, and they invited me to record a Christmas message to add to their Christmas Mdeo that the children made to be shown in class and sharej with parents. This now means I have lots of children pointing at me in the P￿yground at school drop off and pick up as I'm 'lhe one from the screen in class°1 l am also recording generic top and tail segments each week so that I can edit together a VerS￿Jn of the video that can be sharèd more widely via our social media, and York Diocese's school's team. We also pul togelhera schools Harvesl Festival service video that we shared with our schools, plus a Chrislingle schools semce al the request of the Children's Society. Child￿n,$ Work During lockdowns we have produced a weekly Sunday School video which has been well recewed by viewers from near and far,. w¢ have regular viewers in Allanta and Brisbanel Wendy & Sarah Merrell began running a support group for new mums at the beginning of Lockdown 2 Our second course bégan this month, so we're up lo 24 mums with babies signed up. Thi8 ha8 been a really valuable thing lo do. with local NHS representatives over the moon that we're providing this support group. Youth Wo This week we began an online version of our weekly The Oasis youth dTOP-in group. We will be concenlraling on thinking about mental health and wellbeing in these strange and uncertain times with our young people. 11 was a lot of fun involving scavenger hunts, chal about favourile movies and conversations about how lo survTrie lockdown. l am planning for a youth Bible study group in the style of The Galhenng for Lent and beyond, again on Zoom. The Parochial Church Council of the Ecclesiastical Parish of St. John and St. Martin (Beverley Minster) Trustees Report for the Year Ended 31 December 2020 2(i40s Wencty has gathered anyone who broadly identifies in the 2040 age group for a regular Zoom chal. They've met every 2 weeks (weekly during lockdowns) to check in on everyone's well being, share stories of work or home schoollng, swap ilps on good bc)Dks, filrns and tv series a5 well a5 enjoying tnonlhly 'pub quiaes,. During the Summer a group met in the pub and lots of distanced walks have taken place. Up lo 20 people are wnnected in different ways and more are part of a Glos¢d Facebook group. Worship We began The Crossing service on Zoom in November, averaging around 30 each week, befvleen Wendy, Tim and myself. We were go hopino to bè able to run this live in-peTson, but our start date happened to coincide with the first weekend of Lockdown 2, so onto Zoom il wasl Vve have kept wth the online forum, as we are aware that socially distsncing small children inside the Minster building would be loo much forsome. It has also alk)wed us to invite people from further afield. Currently we run for about 35 minutes and each session has a film or quiz, a Bible passage, a craft activity, MUS￿ and big questions lo think about. Our longer-lerm vision is lo create an atternative worship space for people of all ages who want to explore and grow their faith in creative ways. It has been a delight to see our families each week, many ofwhom have been unable to attend a Servi￿ sin¢e March 2020. Online Ghrislingle Service In conjunction with the Children's Society Ben, Tim and Wendy filmed an allemative Christingle servi￿ which can be viewed here." Ill TE BSKo31 It was part of a wider vision to keep the presence of the Minster visible around Bevertey even when the doors were largety shut. We filmed in local shops, slre¢ts and the Westwood las we did with the Carol Servicel end enjoyed some 9reat ￿nversatIOnS with local people- Tim even gol a free orange from Brown's greengrocersl Ben was Clear￿ made to be an orange...... Welking Nativity Whèn it beeame elearthat we coiild not safely risk assess our usual Crib Service {up to 200 children plus £dU￿S walking round the Minster) We were delighted when Jonathan suggested he had a bright idea involving an outdoor Naliwly that involved the West end of the Minster, the Secret Garden, a grumpy innkeeper and a Gandalf-like story lellerl Wrth the help of Nell Baker we were able lo singalong the way and everyone who attended {fully booked for 3 aftemoons of 35 people each timel had a wonderful time and want us to do it again next year, whatever the regulationsl PCC matters 2020 will go down as the year of Covid-19, the wrus which complelety dominated daily life for most of the year, and well Into 2021. The various lock-down rules introduced to combat the spread of the vbrus Snevilably affected our churches and congregation. The closure of the Minster and our associated churches affected not only our finances, {more about that in the Trea5urerfs report), but also our ability lo hold services and welcome vlsltors. As so often, a catastrophe on the one hand can also be an opportunty on the other. Our churches, as important parts of our communities, are often in the front line of reacting to disasters. It's al such time$, people frequently turned to the church for comfort. The lockdown obviously restricted our ability to respond on a face-to-face basis, but modern technology did enable us lo reach out lo our congregation and wider communty. We were able to hold 6 meetings during the year, with three using the Zoom platform. We also held Ihe Annual Parochial Church Council Meeting in the Minster, by observing the rules of the day. Attendance at the meetings was smaller than we would nOmial￿ expect, but, nonetheless, we were able to deal with the major questions of the day. Déspite the lockdown. and the limitations imposed by Zoom. The PCC had a busy, constructive year. A cornerstone of our finances has always been the regular, planned giving of our congregation. but we are frequentty COn￿rned thst the giving trend is Steadi￿ downwards. As an initlative lo reverse thattrend, wejoined, as a pilot parish. the new diocesan Parish Giving Scheme. Early reSU￿S seem promising. The Parochial Church Council of the Ecclesiastical Parish of St. John and SL Martin (Beverley Minster) Trustees Report for the Year Ended 31 December 2020 We We￿ able to agree lo the Union of the Minster and Routh benefices, so creating"The Benefice of Beverley Saint John and Saint Martin with Routh All Saints.. Safeguarding, of course, remains an important aspect of all our lives, and the PCC decided th81 safeguarding should be a regular item on the agenda of all our committeès. Over the years, we have often, and in d[ffe￿nI ways, benefitted from the generosty of the Friends of BeverIey Minster. As a slep along the way to aligning the objectives of both organisalions, the PCC slated its intention to identity and document key projects which will need funding, and the order in which we would like lo implement them. Thè FrEnds appreciated the initiakn've and now plan to appoint a parallel group to list their favoured projects and then Compare notes. Our major project oflhe moment is the Sanctuary project, an investment ofover£700,000 funded by the Heritage Lottery Fund. the Minster Old Fund and the Friends. The project is designed to reveal the history of Beverfey as a place of sanduary through the years. A major part of the investment is in re-leading part of the roof. We appointed Ali Bodley as the education offI￿r lo engage with schools. and groiips tn the wider community who would not otherwise come to Beverley Minster. A fimi of designers who were involved in the design stsge, are being asked on board to interpret Oltr ideas and turn them into an outline plan. In addrtion, through the support of 'Two Churches One Town Story and the successful bid lo the Government's Heritage Cultural Fund half of the Nave roof has been re-leaded. Currentty the other ha￿ is being Completed with the generous support of the Friends and Old Fund. A faculty was raised to re-gild the Minsterfs clock face and the DAC gave pennission lo proceed with a réplacement notice board al St. Leonard's without a facuky (under the reeent list thot Can be approved by the Archdeacon}. During the year we had lo say farewell lo two of our Churehwardens, which placed a heavy burden on the three remaining Vvardens. who rose lo the challenge. Our Youth and Children's Ministry eontinijed as miich as permitted, with Time Out and a Mums, Bible stuity group wh￿h began well. There is a live￿ Lunch Club each Thursday al Sl. Pelerfs School in Woodmansey and attendance al the'3.30 Group, is finally on thè up Among our capital projects. reordering of the Nave, se¢n as symbolically important, reffl￿tIng and developing the Minster's key purpose worship. Other key priorities We￿ the replacement of the boilers and refurbishmenvrebuild of the toilets. We would also likè to improve the level and quality of lighting as well a# reducing running costs. The costof our ambition is eslimaled at £450k, towhich the PCC commilled 25'A from reserves and fund4aising activity. The standing Committee met on a number of occasior¢s to come lo grips with the frequently changing rules on the re-opening of churches. As f8r as possible. the church was opened for semces and privgtè prayer. Sunday services were also broadcast on line and morning prayer live-streamed. Furlovghing. Staff were furloughed or un-furloughed lo meel the Ghuich's needs at the lime. This meant that one of the principal tasks of the clergy, helped by some staff and volunteers, has been lo produce on-line devotional m8terial, ITr which technology has been botli cenlre-5tage and essential. 11 has been encouraging to see how many have tsken part in our Facebook midday prayers, online Sunday Eucharist and daily reflections on the website. The Parochlal Church Council of the Ecclesiastical Parish of St. John and SL Martin (Beverley Minster) Trustees Report for the Year Ended 31 December 2020 The lockdown has, perhaps, given us the opportunity to make better use of the freedom remaining lo us. We can ch0088 to respond to the Current requirement to stay inside not as a frustration but as an opportunity, rfwè will. An opportunity lo go deeper. To look afresh al our routines. To experienee respfte from busyness. To find pleasure in 8mall things. To rediscover unused creatNe grfts. And maybè èven to seèk a fresh discipline of prayer. Atthough the lock-down has naturally dominated muGh of Ihe year, before it stsrted a number of pastoral initiatwes had been started. A six-week prayer course has been run. For the first time in several years, we had a complete ministry teaffl, whiGli allowed us to strengthen the links with our three church achools. Tim Kel arrived as our new curate and quickly made his presence feltwth the setting up of"The GatheTing forteenagers every other Sunday, and Oasis every Wednesday, which is beginning to reach more youngsters from the Grammar School. Our inf(iatives with Sunday groups for children and young people with more leaders and helpers is bearing fruit, we'iE seeiiig a few mor¢ families on Sunday Mornings. All in all, a difficutt, cha15onging year, but one in which important decisions were made forlhe future development of the Minster and the church's future mission and Tninistry. Churchyard The Minster Churchyard is 'closed' to further burials and under the Local Government Act 1972. r( is now the responsibility of East Riding of Yorkshire Council to maintain the Church's grounds, paths ete. The Churchyard al Tickton remains open. Mission and evangelism Beveiley Minster and the Assochate churches support a number of"mi8sion partners.. Th¢s¢ partners are based within Beverley itself le.g. Jacob's Well, Beverley School Christian Trust,), local Hull and East Rising area {e.g. Open Doors) and globally around the world {e.g Christian Service Unil in India. Church Mission Society in Argentina, St Joseph's hospital in Congo, Compassion UK in Uganda, Embrace in The Middle Easll. The support of these partners is in three main ways.'.11) Regular prayer. The partners provide topics needing prayer which are included in the weekly notice sheet shared with the congregation al The Minster and Associate churches and on the Minster F8￿boOk sile. {21 Profile and publicity by circulating news letters received from the mission partners. (3} Financial support which is used for tnany differenl Iieeds required in spreading tho gospel and living the gospel. This includes translating the Bible into local languages around the world, trdining of pastors, educating pupils, nursing the elderly, t88ching professions lo enable people to be able to suprKJrt themselves. basic ne￿$sitieS for refugees, construction of buildings to hokl setvi¢es. Ecumenlcal relationships The Minster is an active partner in Churches Together in BeveAey. Churches Together in BeVer￿Y represents 8 numbar of Christian Ghurches in Beverfey, ￿￿tributeS events & Infomauon frorn these Chuit*e5 an(J orgonisesjoint events, such as the annual carol seNce. Reserves Policy Due lo the nature of the eharity, its relian￿ on donations as income and the inerrant unpredictability of legacy income, the Trustees consider that six months forward expenditure is the minimum level of reserves required to cover current running wsts are conifortable with a level in exces? of this. Current monthly running costs are approximately £38,000. The level of free reserves at 31 December 2020 is £224,035, which equates to just under six monthg fopNard expenditurè which is above thé free reserves target. This policy is reviewed every quarter al the finance committee. Fundraising Section 162a of the Charities Act 2011 requi￿5 charfties to make a 51aletnenl regarding fundraising activities. The legislation defines fundraising as °soliciting or otherwise procuring money or other property for haritable purpose8'. Such amounts are presented in our financial st3t8m8nls wichin "Donationg and legacies. which includes donations from indimdual supporters, corporate donations and legacies. In relation lo the above, we confirm that all solicilalions are managed internally, without the involvement of commercial participators, professional fundraisers or third parties. The day lo day management of all income generated is delegated to the executive staff team who act under authorty deleg8ted by the Trustee. The Parochial Chur¢h Council of the Ecclesiastical Parish of St. John and St. Martin (Beverley Minster) Trustees Report for the Year Ended 31 December 2020 Treasurers Report. The Minslerfs Financial Plan for 2020 wo8 set out in the Budget, adopted by the PCC al its ITieeling on 18 November 2019. This planning preceded the outbreak of the Covid-19 Pandemic and was largely based on a programme of Church Services and activities similar to 2019, but wrth an approved inveslmeiil in growing our Music and expanding our events, con￿rtS and enterprise income. The 2020 plan envisaged Ihatthe PCC'S Strategic Plan foroperations, would, over 5 years"reduce the structural deficit. so that ordinary incomè paid for ordinary expendituré and the reserves were On￿ usod for inv8Stm8nt'. This would be achieved by.. A planned deficit of £66,237 in 2020, maintaining a tight conlr()l of costs, identifying and implementing new and incresspd income lèspeeially by setting up the new Parish Giving Scheme). arranging an expanded programme of Concerts and to secure new Choir funding. There was also to be a major new visitor allraction, based on the theme of 'SanctU8rY lunded by the National Heritage Lottery Fund, The Old Fund, and the Friends of Beverley Minster and which would make a major financial contribution to the 10-year programme of roof renewal in 2020 and increase ￿sitOr income from 2021. However, during the year, the Coronavirus became a Pandemic, resulting in the closure of all social, cultural, economic and indeed Church actwty, as al various times people were confined to home, unable to go out lo work, school. entertainment or travel. As a result, the Minster was closed to worshippers, and visitors, inwme fell from £15,925 10 £4,573. The Parish Offi￿ was closed and staff sent home. The Minster took advantage of the Government's Job Retention Scheme, which paid 800/0 of salaries of staff who could not work due to the Government restriGtions and the PCC tnade thi8 up lo 100.10 by using Reserves. This exira income allowed staff lo be retained, bul the loss of income, from a budgeted £478,475 10 £401,608 has resulted in a mUGh larger deficit than planned foi and during the year a cost reduction programme was adopted, resulting in a reduction in stsff posts. During the year the Minster maintained it's {Pre-Pandemicl ￿MMItMent to the Diocese, but these and other costs, without the income from visitors and enterprise activity have put a stain on our reserves. ￿ducIng them significantly from £2,167,502 10 £2,001,199. Free reserves at the year end of 31 December 2020 was £224,035, thè figure comprises of vnroslrictod funds lèss designated funds, Igss capital eommilmenls, less un￿StrIcted fixed assets. However, there is some good financial news from 2020, in that we have re￿iVed £41.513 from the Heritage Lottery Fund and £19,570 from the Friends of 8everley minster.to support the"Sanctuary Project.. securing th Lesser South Transept Roof and a new and excrting visitor attraction. I'd also like lo particularty thank the Parishioners of Bevedey Minster, because your Planned Giving actually went up during 2020, your financial support h8s been in stark contrast lo the stories I have heard from my fellow Treasurers around the Diocese. Thanks too for those who have joined the Parish Giving Seheme. As we emerge froni 2020, and the re*5tablishment of Minster activities financially our protslems lie ahead. The programme of reviews, begun in 2020, has yel to complete, bul further cost reductions are needed in 2021. as it is unlikely that our I￿roMe5 will recover until 2022. We will need our reseNes to fund operations in 2021, so plans for investment, new staff, and facilities, may well have to be delayed. Expect drfficull decisions and changes aimed al inciea5ing income in 2021.. financially a year to be suNived whilst looking forward to a recovery in 2022. 20 Zi Steve George Honorary Treasurer io The Parochial Church Council of the Ecclesiastical Parish of St. John and st. Martin {Boverley Minster) Trustees Report for the Yoar Ended 31 December 2020 Report from Steve Baker Ilnternal accountant). I have been inVo￿ed with the Minster for 3 years. Firslty, as the external accountant helping to PTepare final accounts and advice. However, with the retirement of the previous internal accountant, from April 2021, il was decided that my role should now be incorporated into the internal accountant role. I have reviewing systems. procedures and making recommendations which wlll be implemented during 2021. Steve BakarACA ￿AT. Aceounlant It is recommended that the Annual Report and Financial Slalements for the year ended 31sI December 2019 be adopted and approved for submission to IheAnnual Parochial Church Meeting. The annual reportwas approved by the Trustees of the charity on lo 1¥2Pk..11.. and signed on f(s behalf by: Rev'd Canon Jonathan Baker Chair of Trustoos Mr Steve George Trustee and Treasure li The Parochial Church Council of tho Ecclesiastical Parish of St. John and St. Martin (Beverley Minster) Statement of Trustees, Responsibilities The Trustees are responsible for preparino the Trusle8s' report and the financial Statements in accordance with the United Kingdom Accounting Standards {Untted Kingdom Generally Accepted Accounting Practi￿) and applicable law and regulations. The law applicable lo charilEs requires the Trustees to prepare financial slalemenls for e8eh financial year which Show a true and fair view of the state of affairs of the charity and of ihe incoming resources and application of resources of the charty forthat period. In preparing these financial stalemenls. the Trustees are required to.- seiecl suitable accounting policies and then apply them consislenlly., obseNe the methods and principles in the Charities SORP.. make judgements and estimates that are reasonable and prudent., stale whelher applicable accounting standards have t)een followed, subject to any material departures disclosed and explained in the financial slalements., and prepare the financial statements on the going concem basis. il is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper aceounting records that disclose with reasonable accuracy al any time ihe financial position of the charity and enable them to ensure that the financial slalemenls comply with the Charities Act 2011, the applicable Charrties IAecounts and Reports) R￿UlatIOns, and the provisions of the constitution. The Trustees are also responsible for safeguardiiig the a55ets of the charfty and hence for taking reasonable step$ for the prevention and detection of fraud and other irregularities. 12 The Parochial Church Council of the Ec¢lesiasti¢al Parish of SL John and St. Martin (Beverley Minster) Independent Examiner's Report to the Trustees of the Parochial Church Council of The Ecclesiastic Parish of SL John and St. Martin (Beverley Minstsr) I report on the accounts of the charty for the year ended 31 December 2020 which are set out on pages 14 to 36. This report is made solety lo the charitys Trustees, as 8 body, in acwrdance with Section 145 of the Charities Act 2011. My independent examination work has been undertaken so that I mKJhl state lo the charity's trustees those matters l am required to state to them in an Independent Examinerfs Report and for no other purpose. To the lullesl extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charty's Trustees as 8 body, for my independent examination wotk. for this report, or for the opinions I have fomed. Responsibilities and basis of report As the Trustees of the Charfcy you are responsible for the preparation of the financial statements in accordanc8 wrth the requirements of the Charrties Act 2011 (the 2011 Act). I report in respect of rny examlnation of the Charty's financial slalements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Direction8 given by the Charty Commission under seclign 1451Sllbl of the 2011 Act. Independent examlnerfs statement Since the Charity'$ grosg income exceeded PI50,000 your examinér must be a mèmber of a body listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination because l am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confimi that no matters have come lo my attention in connection with the examination giving me cause to believe that in any material respect". accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act.. or the financial statements do not accord with those records., or th6 financial statements do not Comply with the applicable requirements conceming the form and conlenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts gNe a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in Gonnection with the examination lo which attention should be drawn in this report order to enable a proper understanding of the financial statements to be raaehèd. Laura sheder FGA DChA 31.F￿￿..I?Il.. Garbutt & Elliott LLP Chartered Accountants Triune Court Monks Cross Drive York Y032 9GZ 13 The Parochial Church Council of the EcGleslastical Parish of St. John and St. Martin {Beverley Minster) statement of Financial Activities for the Year Ended 31 December 2020 Note Unrestrfcted Restri¢tgd Endovmient funds funds tunds Total Total funds 2020 funds 2019 Income and Endowments from: Donations and legacies Charit£ble activities Other trading activities Investment income Total income 204,801 34,508 17,783 19.206 276,298 123,941 372 328,742 34,880 17,783 20,203 401,608 345,363 49,080 88,631 22,317 505,391 997 125.310 Expendlture on: Raising funds Charitable activities Total expenditure {5,672} 412.658 1418,330} (5.6721 141,1561 349 491,822 470,463 {3491 1497,4941 1511,619) 78,815 178.81S) Net lexpenditur91 before transfers Transfers be￿een funds {142,0321 3.126 46,495 1.686 13491 1,440 (95,886) 16,228} Other recognlsed (Iossgsygains ILoss}Igain on revaluation of inve8tments 14 Gain on revaluation of fixed assets Net movement in funds Total funds brought forward Total funds carried forward 12.4841 12,331} 17001 15,4951 17.531 13 155,000 166,303 2.001.199 {147,6221 1 249 981 45,850 331 329 391 586.192 (101,381) 2 167.502 21 1,102,359 377,179 586,583 2,rfi6,121 2,167,502 A full comparative SOFA can b¢ found at note 30 to these financial statem¢nts. The slalement of financial activities includes all gains and losses recognised in the year. All income and expendf(ure derive from continuing activities. 14 The Parochlal Church Council of the Ecclesiastical Parish of St. John and SL Martin (Beverley Minster) (Registration number: 1132704) Balance Sheet as at 31 D8cember 2020 Flxed assets Note 2020 2019 Tangible assets Investments 13 14 1,432,746 1,440,9L 421912 1,850 386 1,862 818 Current assets Stocks Deblors Cash al bank and in hand 15 16 5,424 89,810 269 593 1,526 31,067 327 529 364,827 360.122 C￿dItOrS. Amounts falllng due withln one year 17 148,642 54,988 Net currant assets 216 185 305,134 Total a$sgts less current Ilabllitle8 2,066,571 2,167.952 Crèdltors: Amounts falling duè after more than one year 18 450 450 Net assets 2 C66,121 2 167502 Funds of the charity: Endowment funds Restricted funds 586,583 377.179 586.192 331.329 Unreslricled ftjnds 1 102,359 1249,981 Totsl funds 21 2 c￿6 121 2 167 502 The financial statements on pages 14 to 36 were approved by the Trustees, and authorised for issue lo. Aia(*F.11 and signwj on their behalt by: Mr Steve Treasurer Rev'd Canon Jonathan Baker Chalr of Trustees Iwzi 15 The Parochial ChurGh Council of the EGcleslastical Parish of St. John and St. Martin (Beverley Minster) Statement of Cash Flows for the Year Ended 31 December 2020 Not9 2020 2019 Cash flows from opèrating actSvlt5es: Nel cash (used inll provided by operating activities 29 41,069 Cash flows from investing activities: Investment income recowed Purchase of investments Cost of fixed asset additions Net cash provided by investing actrvities Change in cash and cash equivalents in the year Cash and cash equivalents 81 the beainning of the year Cash and cash equivalents at the end of the year 20,203 11,2231 111.0621 7,918 157.9361 327,529 269,593 22,317 {1,3271 16,319) 14,671 55,740 271,789 327 529 16 The Parochlal Church Council of the Ecclesiastical Parish of St. John and st. Martin (Beverley Minster) Notes to the Financial StstÈm@nts for the Year Ended 31 December 2020 A¢wuntln9 pollcSes Tho principal accounting policies adopted, judgements and key SOUTces of estimation uncertainty in the preparation of the ftnancial slalements are as follows.. Charty Information The Parochial Church Council of the Ecclesiastical Parish of St. John and St. Markn'n (Beverley Minster) is a charty registered in England and Wale3 l¢liarity re9lStration number 1132704). The correspondence addre?8 IS The Parish Centre. 38 Highgale, Beverfey, HU17 ODN. Statement of compliance The financial statements have been prepared in accordance wth Accounting and Reporting by Charities.. Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 20191 (Charrties SORP IFRS 10211, the Financlal Reporting Standard applicable in th¢ UK and RepubliG gf Ireland {FRS 102} and the char￿e$ Act 2011. The financial slalements have been prepared lo give a 'lrue and fairf view and have departed from the Chanties IAccounts and Reports) Regulation$ 2008 On￿ lo the e￿(ent required to provide a 'true and fair view,. This departure has involved following Charities SORP IFRS 102} ratherthan Accounting and Reporting by Charities.. Slalemenl of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Basis of preparatlon The ParoGhial Church Council of the Ecclesiastical Parish of St John and St Martin (Beverley Minslefl mg91$ the defini(ion of a public benefrt entty under FRS 102. The firkancial statements are prepared in steding, which is the functional currency of the Charty. Monetary amounts in these finan¢ial statements are rounded lo the nearest £1. The financial statements have beèn prepared under the historical cost convention, m¢Jdifi'ed to include the revaluatlon of investments and Gertain fixed asset¥ ai lair value. The prinGipal accounting policies adopted are set out below. Golng conc9m Al the lime of approving the fsnancial statements, the Trustees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future and not less than one year from the dale of approval. The Trustees are constantly mon(toring the financial position of the charty and the ongoing uncertain silualion In respect of Covi(J-19. The charty has no borrowings however does rely ori Ilie general goodwill of the public for much of il's income, as such the pandemic could give rise to a material ucluation in results and 80m¢ un￿rtainty in regard to goin9 con￿rn, however this is baing constantly moni(ored. Income and endowments Voluntary income of legacie5 that provide core funding or are of a general nature is recognised when the charity has entitlement to the income. it is probable that the income will be received and the amount can be measured with sufficient reliability. Donations and legacies Donations and legacies are recognised on a receivable basis whan recaipl is probablÈ and thè amount can be reliably measured. Grants recelvable Grants are recognised when the charity has an enif(lement lo the funds and any conditions linked to the grants have been met. Where perfornian￿ conditions are attached to the grant and are yel ID be Inel, the inGome is recognised as a liability and included on the balan¢e sheet as deferred income to be released. 17 The Parochial ChurGh Council of the EGclesiastlcal Parlsh of St. John and st. Martin (Beverley Minster) Notes to the Financial Statements for the Year Ended 31 December 2020 Deferred income Deferred income represents amounts received for future periods and is released lo ineoming resources in the period for which (( has been received. Such income is only deferred when". The donor specrfies that the grant or donation must only be used in future accounting periods.. or the donor has imposed conditions which must bo met béfore the charity has uncondrtional entitlement. Investment Ineome Interest on funds held on deposit is included when receivable and the amount cart be measured reliably by the charity,. this is normally upon notification of the interest paid or payable by the bank. Dwidends are recognised On￿ the dividend has been deCla￿d and nolificalion has been received of the dividend due. Expendlture All expenditure is recognised once there is a legal or constructThie obligation lo that expendf(ure. il is probable settlement is required and the arnount can bé measured roliably. All costs are allocated to th¢ applicable expendf(ure heading that aggregate similar costs lo that category. Where eosls cannot be directly attributed lo particular headings, they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Raising funds These are costs incU￿ed in attractin9 voluntary income, the m8nagement of investments and those incurred in trading aclNrties that raise funds. Charitable activitie5 Items of expenditure are charged to the Slalemenl of Financial Activities on an 2￿rualS basis. The offer lo the Dittese is charged as paid, usually monthly, although the commitment is for a full year. Govornance costs These include the costs attributable lo the charity's compliance with constilulional and stalulory requirements, includino audit, strategic management and Trustees, meetings and reimbursed e>penses. Taxatlon The charity is a registered charity and therefore f('s income and gains are exempt from taxation lo the extent that they are applied for eharftable purpose. Tangible fix¢d assets Consecratedproperty and movable church furnlshings Consecrated and beneficed property of any kind is excluded from the a￿OUnts by S.10121{al of the Ch8ritiÈs Act 2011. No value is placed on movable church furnishings held by the Churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC wnsiders this lo be inalienable propety. All expenditure incurred in the year on consecrated or beneficed buildings and movable church fumishings, whether maintenance or improvement, is written off lo the income statement in the year of expendrture. Otherfreehold land and bulldings The Church Hall. Peter Harrison Room. Parish Centre and the residential property at 23 Outèr Trinities were professionally valued in April 2019 by John English Bsc M.R.l.C.S, 2n independent Chartered Surveyor. The land and properties were revalued on the basis of open market value. The Trustees do not consider that the value of freehold land and buildings is materially drfferent to the profe88ional valuation as at 31 D¢Gember 2020. Office and othor equlpment Equipment used within the church prernises is generally depreciated on a straight line basis over 4 or 5 years. Individual items with a purchase price of £1,000 or less are written off to the income statements when the asset is acquired. 18 The Parochial Church Council of the Ecclesiastical Parish of SL John and St. Martin (Beverley Minster) Notes to the Financial Statements for the Year Ended 31 December 2020 Dèpr•elatlon and amortlsatSon Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful econom￿ life. Fixed asset investments Fixed asset investments are included at market value al the balance sheet dale. Realised gains and losses on investments are ￿lculated as the differen￿ between sales pro￿d$ and their market value al the start of the yaar, or thair subsaquant cost ara chargod or credited to the Statement of Financial Activitiès in thè pèriod of disposal. Unrealised gains and losses represent the movement in maikel values during the year and are credf(ed or charged lo the Statement of Financial Actimties based on the mart(et value at the year end. Funds are placed in low and medium risk ethical investments with the objective of recewing income. The investment policy is to achiove a rate of retum, based on the current value of investments, of at least 1% more than the prevailing rale on the Church of England Depostt Account. stock Stocks relate to the cost of the choir and oryan CD'S held by the Director of Music. Financial instrurnents The Charity has elected lo apply the provisions of Section 11 'BasiG Finan¢ial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instrument5. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party lo the contractual provisions of the instrument. Financial assets and liabilf(ies are offset, wf(h the nel amounts presented in the financial statements, when Iherg Is a legally enforceable right to set off the recognised amounts and there is an intention to settle a nel basis or to realise the asset and settle the liabilty simultaneously. Tradè dèbtors Amounts owing lo the PCC at the 31￿ December. in respect offee$, rents orother income are shown as debtors less provisions for amounts that may prove uncollectable. ash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investrments that are readi￿ convertible to a known amount of cash and ere subject to an insignificant rssk of change in value. Trade creditors Obligations lo pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities, if they do not have an unconditional right, al the end of the reporting period, lo defer settlement ofthe credTtor for at least twelve months after the reporting date. If there 13 an uii¢uriditiurial iiglil to deler setilenienl for at least iwelve months after the reporting date, they are presented as nonwn as unrealiscd gains or losses, which are respectively credited to or Gharged within the Statement of Financial Activi(ies {SOFA). 26 The Parochial Church Council of the Ecclesiastical Parish of St. John and St. Martin (Beverley Minster) Notes to the Financial Statements for the Year Ended 31 December 2020 14. Fixed asset investments Investrnent in Subsidiary Quoted investments Total Cost or valuatlon At 1 January 2020 25,000 396,912 15,495) 421,912 15.495) RevalLxation Disposals Additions Al 31 December 2020 Net book value At 31 December 2020 At 31 Detsmber 2019 1,223 392,640 1,223 417,S40 25.000 392,640 396,912 417,640 421912 25 000 Investments which are included at their market value as ?t 31 December 2020 have a historic cost of £332,189 {2019- £324.6421 2020 2019 Interest receNed from Bank and other Deposit Accounts Dividends received from P.C.C investments 723 19,583 1,323 22,317 The P.C.C recew88 half tha ineoma from the Estate of Grace Farrar deceased. bul does not hold or control the inveslmenls, which are administered by the DI0￿Se of York. The total value of the investments £363,319 which generated a total in¢omg of £9.582 12020 £9,582} a retum of 3Y. 130A in 2020). The incomè was divided be￿een the P.C.C and the Old fund, with the P.C.C recewing £4,48812020.' £4.4891 All the income was received within the year. 27 Tho Parochial Church Councll of the Ecclesiasti¢al Parish of St. John and St. Martin (Beverley Minster) Notes to the Financial Statements for the Year Ended 31 December 2020 Details of undertaklngs Details of the investmént$ in which the charity holds 200￿ or more of the nominal value of any class of share capital are as follows.. Undertaking Country of Holding Proportion of votlng Incorporation rights and shares held Prin¢ipal activity Subsidiary undertakings Beverley Minster Shop Limited England £nd Ordinary (company number 041037611 Wales 100% Other retail sale of new goods in specialised stores The profil for the financial pericd of BeVer￿Y Minster Shop Limited was £9,500 12019.. £25,513) and the ag￿￿gate amount of capf(al and reserves at the end of the period was £25,000. The Bevedey Minster Shop Limited profil of £9,500 was donated to the Bevedey Minster. 15. Stock 2020 2019 stocks 5,424 1,526 16. Debtors 2020 2019 Trade debtors Prepayments Accrued income VAT recovèrablè Other debtors 9,611 26,968 39,369 3,445 10,417 89,810 5,275 4,538 14,292 3,023 3.938 31,067 17. Cr8dEtors: amounts falling du8 wlthln one yoar 2020 2019 Trade Creditors Accruals Deferred income Agency collections 5,321 32,811 97,595 12,915 148,642 11.524 17,917 8,390 17,157 54,988 2020 Deferred income at 1 January 2020 Resources deferred in the period Amounts released from previous periods Deferred income al 31 Detsmber 2020 8,390 97,575 (8,390) 97,575 28 The Parochial Church Council of the Ecclesiastical Parish of St. John and st. Martin (Beverley Minster) Notes to the Flnancial Statements for the Year Ended 31 December 2020 18. Creditors- amounts falling due after one year 2020 2019 Other creditors 450 450 19. Ponsion 2nd othèr schemgs Defined contribution pension schema The charity operates a defined contribution pension scheme. The pension cost charge for the year represents nliibulions payable by the Gharity to the scheme and amounted to £6,42812019- £10,171). Beverfey Minstèr {PB Classic) partirypate$ in thè Pension Build8r SchemÈ sectKon of CWPF for lay staff. The scher￿ 1$ administered by the Church of England Pensions Board, which holds the assets of the schemes separately from those of the Employer and the other participating employers. The Church Workers Penslon Fund has a section known a5 the Defined Benefils Scheme, a deferred annuty $ection known as Pension Builder Classic and a cash balance section known as Pension Builder 2014. Pension Bullderscheme The Pension Builder Scheme of the Church Workers Pension Fund is made up of two sections, Pension Builder Classic and Pension Builder2014, both of which are classified as defined contribution schemes. Pension Builder Classic provides a pension for members lor payment from retiremeni, accumulated from eontritiuilons paid and converted into a deferred annuity during employment based on terms sel and reviewed by the Church of England P¢nsions Board from time to lime. Bonuses may al80 be declared. depending upon the investment returns and olherfaclors. Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use lo provide benefits at retirement. Pension contributions are recorded in an account for each member. The account may have bonuses added by the Board before retirement. The bonuses depend on investment experience and other factors. There is no requirement for the Board to grant any bonuses. The account, plus any bonuses declared. Is payable from members, Normal Pension Age. There is no 8ub4ivision of assets beb￿eèrn employers in each section of the Pension Builder Sehémè. Th8 scheme is considered to be a mulli-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme's assets and liabilities to specific employers and that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs harged to the SOFA in the year are contributions payable 2020 - £6,42812019 - £10,171). A valuation of the scheme is earried OLrt once every Ihree years. The most recent scheme valuation completed was carried out as at 31 December 2016. This revealed, on the On9￿n9 assumptions used, a daficit of £14.2m There is no requirement for deficit payments al the current time. Pension Builder 2014 will be valued in relati)n to the lump surn payable to members al nomial pensDn age. Beverley Minster contributes 80/0 of basic salary for two employees in the scheme. Contributions of 10h are required lo be made from a further five employees. Beverley Minster had 7 active members and 7 deferred members in the DCS at 31 December 2020. 29 The Paro¢hial Church Council of the Ecclesiastical Parish of SL John and St. Martin (Beverley Minster Notes to the Flnancial Statements for the Year Ended 31 December 2020 20. Commitments - Operating leases In September 2016, the Minster ente￿d into a lease agreement with Siemens Leasing for the lease of a copier. The leasè will run for S years. The total value of future minimum lease payments was as follows. Explry date: 2020 2019 Under 1 year In two to five years Total 1,261 2,104 21. Funds Balan¢9 at 1 January 2020 Income Ex￿nditUre Transfers Other Balance at recognised 31 gain51llossesl December Revaluation 20 For the year to 31 December 2020 Unrestrictèd funds General Designated Un￿striCted funds Restricted funds Endowment funds 814,351 435,63D 1,249,981 331,329 586,192 275,798 500 276,298 125,310 {418,3001 30 1418,3301 178,8151 1349) 10.532 13,658 13.1261 1,686 1,440 {2,4721 679,909 422 450 1.102.359 377,179 586,583 12,4641 12,331) 17001 Total funds 2.167.5Q2 401608 2 C66,121 Balanee at 1 January 2019 Incom Exp•ndtturg Transfers othor recognlsed 31 gainslllossesl Decombar Revaluation 2019 Balanee at For the year to 31 December 2019 UnrgstrScted fund$ General Designated Unrostri¢ted fund3 Restricted funds Endowment funds 846,269 298.539 1,144,808 339,560 516.831 412,044 37,721 449,765 55,626 1439,1 LXII {107,329} 514 99,884 (439,6141 (7,4451 171,3661 7.445 16391 102,467 814,351 435 630 1,243,981 331,329 586,192 102,467 70,000 Total funds 2 001,199 505 391 511,619 172,531 2 167 502 30 The Parochial Church Council of the Ecclesiastical Parish of St. John and St. Martin (Beverley Mlnster) Notes to the Financial Statements for the Year Ended 31 December 2020 Funds {continu8dl Balance at 1 January 2020 Income Expendlture Transfers Other recognised gainslllosses) Irevaluations Balance at 31 December 2020 For the year to 31 December 2020 Unresiricted funds General St Peterfs General fund St. Leonard's General fund hAinster General fund T￿kton LEP General fund 28,297 26,976 757,255 1,823 814,351 4,240 8,667 255,012 7,879 275,798 14,*51 (14,8651 1396.4281 27,572 20,778 623,899 10.532 12.472) 418,300 10,532 2,472 679,909 Designated Two churches Assistant Director of Music Minster Development Fund usic and Choir Fund Organ Fund ission Fund Vicars garden Fund Youth and children Fund 1,592 11,622 416.761 1,435 4,077 130 13 1,592 11,722 403,079 1,849 4,077 130 13 12 422 450 100 (301 114,1 $21 4C 500 12 435,630 500 30 Totsl Un￿StrICted funds 1,249,981 276,298 418.330 1 102359 Rgstriotgd Funds Assistant Organist Fund Dorcas Fund Nave Toof Men's Group Fund Minster Bells Fund Minster Development Fund Sanctuary Music and Choir Fund Organ Fund Tickton Development Fund Vicarfs Garden Fund .Youlh and Children Fund Assistant Director of Musi Two churches Ticklon community Mission Fund 80 851 80 851 10,588 276 18 43,890 30,077 3,647 172.597 90,731 1871 112,167} 1100} 35,278 500 1,000 12,649 {2,C611 270 200 43,890 13,987 3,522 177,263 90,731 (182) 61,088 1,731 39 {46,4841 1207) 15,155) 1,488 {4061 450 (993) 1871 124,6391 1250) 13,806 254 11001 11,3381 285 500 34,993 1,000 Total r8strictgd funds 331,329 125,310 {78.815} 12,331} 377.179 Endowment Funds Totsl Endowment funds 349 1,440 00 586,583 Total Funds 2 167 502 401,608 497 494 2 (66 121 31 The Parochial Church Council of the Ecclesiastical Parish of St. John and St. Martin {Beverley Mlnster) Notes to the Financial Ststements for the Year Ended 31 December 2020 Funds Icontlnuedl Balance at 1 January 2019 Income Expenditure Transfers Other recognised gainslllosses) Irevaluations Balance at 31 Decemb9r For the year to 31 December 2019 2019 Unre¥tricted funds General Sl Peter's General fund St. Leonard's General fund Minster General fund Ticklon LEP General fund 29,818 26,910 786,171 3,370 846,269 7,930 15,203 370,218 18,693 412,044 {9,4511 115,1371 1394,2721 1107,329} 20,240 439,100 28,297 26,976 757,255 1,823 814,351 102,467 107,329 102,467 Deslgnated Two ehurches Assistant D1￿clOr of Music Minster Development Fund Music and Choir Fund Organ Fund Mission Fund Vicars garden Fund Youth and Children Fund 1,592 12,1061 1,592 11,622 416.761 1,435 4,077 130 13 13,728 86.272 293.355 1,091 4,077 37,134 344 130 16 (31 113 113 298,539 514 435,630 Total unrestricted funds 1.144.808 449,765 439,614 102,467 1,249,981 Restricted Funds Assistant Organist Fund Dorcas Fund Flower Fund Men's Group Fund Minster Bells Fund Minster Development Fund Sanctuary Music and Choir Fund Organ Fund Ticklon Development Fund Vicars Garden Fund Youth and Children Fund Assistant Director of Mus Two churches Tickton community 80 1( 100 165 665 80 851 745 564 204 1664) 199) 1465} 270 200 43,890 13,987 3,522 177,263 90,731 43.890 17,567 1,923 182,381 91,688 92 14,998 2,257 712 200 {18,5781 16931 {5,8451 (1,1571 1951 123,893} 11501 119,7271 35 15 16,337 7,292 150 14 12501 20,006 285 500 500 Total restricted funds 339,560 55,626 {71,3661 7,445 331.329 Endowment Funds Total Endowinent funds 516.831 639 70,OCX) 586 192 Total Funds 2 001 199 505 391 511619 172 531 2.167.502 32 The Parochial Church Council of the Ecclesiastlcal Parlsh of St. John and St. Martin (Beverley Minster) Notes to th8 Financial Statements for the Year Ended 31 December 2020 Fund¥ {Gontinued) For the year lo 31 December 2020 Balance at 1 January 2020 Incomè Expenditure Transfers Other recognisgd gainslllosses) Balane• at 31 December 2020 Endowment funds Investment Endowment Music Endowment Property Endowment Tickton NayloT Fabric Total endowment funds 61,007 22,428 $02,360 397 586,192 1700} 60,307 22,428 503,451 397 586,583 13491 1,440 1349 1,440 700 For the year to 31 Dècember 2019 B4lanGe at 1 January 2019 InGom8 Expend5ture Transfers Other recognlsed oainslllossesl Balance at 31 December 2019 Endowmentfunds Investment Endowment Music Endowment Propety Endowment Tid(ton Naylor Fabric Totsl endovfflient funds 61,007 22,428 432,999 397 516,831 61,007 22,428 502,360 397 586,192 (6391 70,000 639 70,000 Unrestridgd {and D•slgnat4d) Funds ineludè.. The Minster General Fund, the daughter churches, general funds, the bell fund and the projects development fund. The Newham investments are included. These were classifi'ed as an endowment fund before 2009. Note.. Part ol the Coster bequesi was the main source of funds to purchase the parish cenlre, a general fund fixed asset. Hence, this portion of the Cosler bequest was Irealed as spent by the end of2009. The income from the remaining Coster fund, invested in shar¢s, was designated for youth WO￿ in 2010 and 2011. From 2012, the Cosler income reverted to the P_C.C which made a commitment lo the continued development of the Youth and Childrèn's Ministry. The result of this. coupled with increasing staffing, means that the Youth Fund is now in defi¢ii. Assistant Director of Music.. This is a designated fund established to fund the new posf(ion of Assistant Director of Music for one year. The post was expected lo be self-financing after the first year. Restrlcted funds include: The Vicar's garden fund, the organ fund, the youth fund, Dorcas fund, flower fund, mission committee fund, the bell fund, men's group and choir fund. Aso the Tom Kell fund of Ticklon Chuf¢h. Minster Development Fund." There are both designated and restricted elements to this, however, the purpose 1$ the same. The development fund was established to fund future capital proj*%ts, and is financed by bequests and major donations. Sanctuary.. A fund established for the on-going Sanctuary project, which will transfom the space in the North Transept into an exhibition highlighting the Minster as a pla￿ of sanctuary. and Beve￿eY a$ a place of refuge. The funding is coming from the Heritage Lottery fund and the Friends of Beverfey Minster. Organ Fund". A fund established to maintain the mIn￿er$ organ, wh￿h requires regular tuning and a major refurbishment every 25-30 years. Tid(ton Development Fund.. The Tickton development fund was sel up as a restricted fund to allow for imprt)ving accessibility into the church and providing kitchen facilftiés within the church 33 The Parochial Church Council ot the Ecclesiastical Parish of St. John and St. Martin (Beverley Minster) Notes to the Financial Statements for the Year Ended 31 December 2020 Endowment Icapltall Funds includo: Bequests from Cecil Bainlon deceased, C.H. Barringer deceased. P.Tery deceased, and C.M.L Walker deceased, Friends of Cathedral Mu8ic (Beverley Mister Music Fund) and also the Naylor Fsbric fund of fickton Church. 22. Analysis of not assets by fund As at 31 December 2020 Tangible fixed assets Investments Net current assets Lon term liabilrties Unr9Stricted Restrlcted Endowment Total 878,351 511,160 1,389,511 8,300 75,423 460,875 216,185 216,185 45C> 450 1,102,386 586,583 2,066,121 377.152 377,152 As at 31 Oecember 2019 Tangible fixed assets Investments Net current assets Lon tèrm liabilities Unrestricted Restricted Endowment Total 938,546 502,360 1,440,906 6,751 83,832 421,912 305,134 305.134 450 450 1,249,981 586,192 2,167,502 331,329 331,329 23. Connected Persons- MemboTS of the PCC During 2020 the clergy received the following.. 2020 2019 Reimbursement of 8etual expenditure Accommodation costs 333 2,743 3,075 3,034 3,034 There wore no other related paty transactions in the year. Endowment funds Following enaclmenl of the Church Accounting Regulations 20￿, the Financial Sialemenls inelude both the ncome arising from and ths eapital values of the following.. The Cecil Bainlon legacy, Trustees.. the P.C.C The C.H. Barringer legacy, Trustees.. the P.C.C The P Terry legacy, Trustees.. the P.C.C The C.M.L. Walker legacy, Trustees.. the P.C.C The Nayk)r Fabric Fund of Tickton Church, Trustees". the P.C.C The Beverley Minster Music Fund, Trustee5.' the P.C.C 34 The Parochial Church Council of the Ecclesiastical Parish of St. John and SL Martin {Beverley Minster) Notes to the Financial Statements for the Year Ended 31 December 2020 25. Indgpendent Trusts The Vicar and Church Warden's accounts are not included in the Consolidated Accounts as they are administered separalety by the Incumbent and Churchwardens. In addition, the Hallgarth field vested in the Yorf( Diocesan Board of Finance as Cuslodkgn Trustees wrf(h the Vicar and Churchwardns ol Beverley Minster as Administrative Trustees. For this reason, the Hallgarth Field ￿Ount$ are not included in the ￿nsol1dated accounts. Beverley Minster is connected with th¢ Bavarley Minstér Old Fund, and Endowment Èstablished in 1579 by Queen Elizabeth I for the maintenance of the building. It is managed by Independent Trustees and is not a responsibility of the P.C.C. The Friends of Beverfey Minster are also connected with the Minster and have an Independent Constitution and Council. The Canon Nolloth Trust, which wes reyistered with the Charty Commission on 12 Septem￿r 1963, is administered by the Di0￿Se of Yolk. The trust holds 61 units in the M&G Charrfund Account and the income is paid into the Diocesan Stipénd Account. The trust also owns land in Beverley known as the Vicarfs Garden.. The John Cooper Mg11ing fund was established in 2001 to be used for Children's and Youth Ministry projects at BeverSey Minster. The fund, which receives donations from member5 of the Mdling famlly, Is adminislered by the Incumbent and Youth Minister. 26. Property Insuran¢es All our properties are insured with Ecclesiastical Insurance.. Insured property Minster, Parish Hall, Peter Harrison Room Minster boilers, irfiing equipment, wlrlng Parish Centre 23 Outer Trintties st. Peter's Woodmansey St. Leonard's Molescroft The Church in Tickton LEP Insured value Building £48,400,000 Contents £1,425,000 Other £1,000,000 £589,112 £248,178 £5,200,000 Included in buildings £5,200,000 Includaj in buildings £5,200,000 Included in buildings £34,484 Speclal Collectlons On Behalf Of Others (Agency Accounts) The Minster r￿uladY collects funds on behalf of othèrs. These funds are ￿MinISterSd by the Mingter, and pa$$ through the Minslerfs bank account, bul do not fom) part of the Minslerfs income. These colle¢lDns are held in separate agenw accounts frcTh the time of collection until such time as the fund5 are disbursed.11 is the P.C.C's aim to make payments as soon as possible, although in the ease of some funeral collections the family s instructions may not be immediately available. The negatwe figures shown below represent expenditure the Minster has incurred on behalf of a third paty and which will be recouped. Thè balances on these accounts are shown below: 2020 2019 Choir Tour Diocesan Fees Collections for others Funeral Fee Clergy Travel st leonards Doughter ChurGh- St Petefs Minster Shop PCC Fèes Daughter church - Tickton Minster Old Fund Tours Funeral Collections Music Scholarship Foundation 2,924 1,738 294 2,324 941 1,832 188 101 183 200 287 1,089 4,137 218 10,415 15,918 35 1,602 12,915 The Parochlal Church Councll of the Ecclesiastical Parish of St. John and St. Martln {Beverloy Minstor) Notes to the Financial Statements for the Year Ended 31 December 2020 28. Accounting For Financial Interaction with The Beverley Minster Old Fund There are a number of agreed frnancial arrangements between the P C C and the Beverfy Minster Old Fund. The Minslerfs vergèrs provide roof and gTound tours of the Minster on behalf of the Old Fund, so the income from these tours, less the associated salary cost is passed on to the Old Fund. We have also agreed that the proceeds from the visitor donation boxes in the Minster are shared equally. The Old Fund conlribules almost 30'fi of the Minsterfs healing costs and also pays 500/0 of the Minsteff s fabric insurance cost. The Old Fund also makes a donation to the P.C.C equivaleiil lo Ilie prior year's nel tOUT income (net of Vergeffs cost5 and VAD. The Old Fund has been paying 400/0 ofthe costs of the Project Development Manager. The P.C.C has paid 200/0 with the remaining 400/0 bèing paid by the Friends. 29. Ngt Cash (Used inl Operatlng Actlvities 2020 2019 Nel movements in fund$ Lossesllgainsl on fNed asset investments Gain on rèvaluation of tangible fixed ass¢ls Income from investments Depreciation (Increaselldecrease in stocks (Increaselldecrease in debtors In¢rease in creditors Net Cash (used inllprovided by Operating Acliviiies 195,8861 5,495 166,303 117,531} 1155,000) 122,3171 18,5(YJ 2,411 29,785 {20,2031 19,222 (3,8981 158,7431 60,359 41,089 30. Statement of Financlal Aetivities for the Year Ended 31 December 2019 Unre$trictod funds Re8triGted funds Endowment funds Total 2019 Income and Endowments from: Donations and legacies CliarilablE activities Other trading activities Inveslrnent income 293,051 47,413 88,410 20,891 52,312 1,667 221 345,363 49,080 88,631 22,317 Total income 449.765 55 626 505,391 Expendrture on.. Raising funds Charitable activities Other expenditur¢ Govemance costs 141,1101 1253,1381 1140,4281 1461 128,579) {23,060) 141,1561 {282,356) 1163,4881 (6391 Total expendf(ure (439,613} 171.3661 {639} 1511,618} Other recognised gains and losses 17,466 64 17,530 Gross transfers be￿een funds 17,4451 7,445 N81 movemÈnl in funds 105,173 18,231) 69,361 188,303 Total funds brought fotward 1,144.808 339 560 516.831 2.001 199 Total funds carried forward 1,249 981 331,329 586 192 2 167 502 36