Charity registration number: 1132704
The Parochial Church Council of The Ecclesiastical
Parish of St.John and St.Martin (Beverley Minster)
Annual Report and Financial Statements
For the Year Ended 31 December 2023

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Contents
Admin and reference details.............................................................................................................................................
Trustees Report for the Year Ended 31 December 2023......................................................................................
Statement of Trustees, Responsibilities
.10
Independent Examinerfs Report to the Trustees of the Parochial Church Council of The Ecclesiastical Parish of
St. John and St. Martin (Beverley Minsterl...
.11
Statement of Financial Activities for the Year Ended 31 December 2023..........................................................12
Balance Sheet as at 31 December 2023.........
.13
Statement of Cash Flows for the Year Ended 31 December 2023......................................................................14
Notes to the Financial Statements for the Year Ended 31 December 2023.......................................................15

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Reference and Administrative Details
Incumbent
Rev'd Canon Jonathan Baker
Prlnclpal Offlce
The Parish Centre
38 Highgate
Beverley
HU17 ODN
Charity Registration Number
1132704
Bankers
Minster
Barclays Bank PLC
4 North Bar Within
Bevertey
HU17 8AY
CCLA Investment Management Ltd
The CBF Church of England Funds
One Angel Lane
London
EC4R 3AB
St. Leonard,
Virgin Money
10-12 Pamgon Street
Hull
HU13ND
St. Peter's
Nalwest
60 Market Place
Bevedey
HU17 8AA
The Church in Tickton
Virgin Money
10-12 Paragon Street
Hull
HU13ND
Independent Examiner
Jessica Lawrence
Azets Audit Services Limited
12 King Street
Leeds
LS1 2HL
Accountants
Dymond Chartered Accountants
Office F1, Bevedey Enterprise Cenlre,
Beck View Road,
Bevedey,
HU17 OJT

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Trustees Report for the Year Ended 31 December 2023
The Trustees present the annual report and financial statements of the charity for the year ended 31 December
2023.
The financial stslements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the Charity's governing document, the Charities Aet 2011 and "Aceounting
and Reporting by Charities". 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 IFRS
1021 (effective 1 January 20191 as detailed in the accounting policies.
Ob'ectives and activities
Beverley Minster is a cathedral-scale medieval Greater Church and the largest parish church building in the
Church of England. It is part of the Diocese of York and a member of the Association of Major Churches. The
Parochial Church Council IPCCI has the responsibility of cooperating with the incumbent, the Reverend Canon
Jonathan Baker, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic,
social and ecumenical. This includes the mission ofthe Minster's daughter churches of St. Leonard's, Molescroft,
Sl. Paul's, Ticklon las part of the Church in Tickton, an Anglican Melhodisl Local Ecumenical Partnership), and
Sl. Peler's, Woodmansey. Each of these has a Management Committee which is elected annually by its
congregation and reports to the PCC. Further, the PCC is responsible for the upkeep and use of the Parish Hall,
Emmaus Room, Peter Harrison Room and the Parish Centre in Highgate.
Public Benefit
The Trustees can confirm that they have complied with the requirements of section 4 of the Charities Act 2011
to have due regard lo the public benefit guidance published by the Charity Commission for England and Wales.
The PCC believes that by working with the Vicar and cooperating in all mallers of concern and importance for
the promotion of the whole mission of the Church, pastoral, evangelistic, social and ecumenical, the Minster,
with Ils daughter churches, provide a benefit lo the public by..
Providing resources and facilities for public worship, pastoral care and spiritual, moral and intellectual
development, both for ils members and anyone who wishes lo benefit from what the church offers
Promoting Christian values and service by members of the churches in the Parish to their communities, to
the benefit of individuals, families and society as a whole
The PCC is committed to enabling as many people as possible lo worship al our church and to become part of
our parish community. The PCC and cleryy team maintain an overview of worship throughout the parish and
suggest how our services can involve the many groups that live within our parish. Our services and worship put
faith into practice through prayer and scripture, music and sacrament.
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, awountancy practice and procedures, Health and Safety
requirements and all other legislation relating to the conduct of its affairs.
Achievements and Performanc
Church attendance and electoral roll.
Average attendance at the Minster and associated churches is shown below I"
amended figures).
2023
166
29
36
2022
168
29
30
Beverley Minster
Children under 16 years of age
St Leonard's, Molescroft
Children under 16 years of age
The Church in Tickton
Children under 16 years of age
St Peler's, Woodmansey
Children under 16 years of age
Total
14
14
23
21.
271
267"

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Trustees Report for the Year Ended 31 December 2023
Communicants at Easter and Christmas
Easter Day
2023
2022
226
203
49
41
26
21
291
Christmas Day
2023
2022
300
366
27
38
Beverley Minster
St Leonard's, Molescroft
The Church in Tickton
St Peler's, Woodmansey
Total
21
311
19
346
18
422
Conducting weddings, funerals & baptisms is an important element in the life of the church and makes a
valuable contribution lo the wider community.
In 2023, we conducted 25 baplisms133 in 20221, 17 weddings117 in 20221 and 33 funerals133 in 20221.
There were 289 members on the electoral roll presented al the 2023 APCM1284 in 20221.
Vision and Strate
The direction of travel al the Minster continues to be set by the 2021 Vision Strategy, and a process of review
has begun which will continue into 2024. A number of initial objectives have been achieved le.g. new
congregations, revamped pastoral and prayer teams, the Hope into Action partnership) and now need lo be
consolidated and grown.
2023 saw various changes lo personnel at Beverley Minster. In March the Associate Viear, Wendy Wale, moved
on to an incumbency al Bar Hill, meaning that the full-lime clergy team was down from three in 2022 to one by
Easter 2023. This led to an expectation that the Minster would be operating on a caretaking footing with limited
scope for new initiatives, although in practice several important new ventures have taken place. In July we were
joined by a new Curate, Charlie Shefford, to begin his training. The daughter churches at Molescroft, Tickton
and Woodmansey are setved by good local leadership, supported by the dergy. Numbers are growing as part
of the continuing recovery since the pandemic, helped by new people joining.
In March we celebrated the excellent work of our many volunteers with a Volunteers, Service. Also in March we
hosted the High Sheriff s Legal Service, and in May we livestreamed King Charles, Coronation.
In April funding was secured from the Deflog Foundation for a new Community Connections project including
school visits and learning opportunities, events and a popular series of heritage craft workshops.
The life of the congregation was enhanced by a well-attended Lent Course exploring major biblical themes, and
a lermly programme of Quiet Days led by visiting speakers. The new congregations al 9.15am and 4pm
continued to settle down after their launch in 2022, although with the shortage of clergy there were no significant
developments. The monthly Taizé Servi￿ was also revived and allracls folk from across the region. In the
Deanery, a monthly informal worship service was established which is supported by the Minslerfs worship band.
In October, 6 adults and one child were confirmed by the Bishop of Hull.
Support for Ukrainian refugees was developed with a monthly social evening in the Parish Hall and a special
service in August. In July we established a partnership with 'Hope into Action, which saw the opening of a house,
funded by loans chiefly from members of the Minster congregation, to house a family al risk of homelessness.
A major event was the three-week hosting of the Gaia installation in the Minster, with a related programme of
services and events, culminating in an Eco Fair supported by many local and regional organisations and
businesses. Around 30,000 people came to the combined events, which meant that the number of visitors to the
Minster over the year was signifi¢anUy higher than usual.
The Minster choir plays a vital role in the life of the Minster, both in leading worship and in running music events.
It continues lo attract new people and has a total membership of nearly 70. There is also a thriving Junior Choir.

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Trustees Report for the Year Ended 31 December 2023
Financial Review
We began 2023 optimistic that day to day financial efficiency was continuing to improve and that we had
established greater clarity on our financial position. This was reflected in our budget, which provided for a small
surplus. As agreed when he stood as Treasurer in 2022, however, Tim Catlisle stepped down at the APCM in
May 2023. Nobody came fotward lo fill the post, so the Churchwardens were required to take responsibility in
accordance with the Church Representation Rules. This was still the situation al 31 December 2023, though
we can report that Lia Argentou was co-opted to the PCC, and appointed Treasurer, on 12 March 2024.
During the year, the Minster bookkeeping was brought back in-house. The finances of the Daughter Churches
continued to be handled by the respective Treasurers and Finance Assistant, and we are very grateful for their
support in the preparation of these Financial Ststemenls.
We continue to be a member of the Parish Giving Scheme IPGSI, providing our regular givers the option lo
donate by Direct Debit. In September 2023 we were pleased to receive a new Donation Station as a grant
through the Church of England's digital giving rollout in the Diocese of York. This enabled visitors lo the Minster
to make conlaciless donations, with Gift Aid where eligible. The administration and Gift Aid claims for both these
sources of Income are handled through PGS, freeing up a significant amount of staff lime. We also continue lo
offer other methods of donation for regular and one-off gifts and are grateful lo all our givers. They represent
significant part of our income and we could not fvjnclion wilhoul their generosity.
During 2023 a new Capital Works Board was set up, bringing together representatives from the PCC, Beverley
Minster Old Fund, The Friends of Beverfey Minster and Two Churches One Town. The Board has begun lo
help us lo prioritise and fund a number of projects, including those relating to areas of risk described in our 2022
report and below.
In March a new video was premiered at the ParloNay Cinema showcasing the work and needs of both the Minster
and St Mary's, sponsored by Two Churches One Town, and which is intended to be used as a fundraising tool.
In Juty there was an au¢lion conducted by Caroline Hawley and organised by Two Churches One Town of
redundant stonework and furnishings which raised nearly £40,000 for the Minster and Sl Mary's.
Al the end of 2023, as reported in the Financial Slatemenls, we are pleased to have a surplus of £71,000. Whilst
this is a decrease from 2022, after adjusb'ng for the significant bequests in that year, the underlying result is an
increase of around 200/D.
Despite a small percentage decrease in total income, planned giving increased by around 70/0 and our visitor
income continued to improve.
Our expenditure increased in 2023, with much of this relating to the cost of concerts and events. We did,
however, receive grants for the Gaia instsllalion and Eco Fair from the Love Your High Street Fund, Do It for
East Yorkshire Community Grants, Dogger Bank Community Fund and Routh Wnd Farm Community Fund.
This support was much appreciated and went a long way lo offselling the costs of those particular events.
We mel our pledge lo the Diocese of an increased Free Will Offer, sending £79,000 in 2023. Our pledge for
2024 is a further increase lo £87,000.
Reserves Policy
Due lo the nature of the charity, its relianTr on donations as Income and the Inerrant unpredictability of legacy
income, the Iruslees consider that six months forward expenditure is the minimum level of reserves required lo
cover current running costs and are comfortable with a level In excess of this. Current monthly running costs are
approximately £30,000. The level of free reserves al 31st December 2023 is £408,664, which equates to over
12 months forward expenditure which is above the free reserves target. This policy Is reviewed every quarter al
the finance committee meeting.
Investment Policy
Funds are placed in low and medium risk ethical investments with the objective of receiving income. The
investment policy is to achieve a rate of return, based on the Current value of investments, of al least 1°k more
than the prevailing rate on the Church of England Deposit Account.

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Trustees Report for the Year Ended 31 December 2023
Principal risks facing the charity
FinanciTal risk
The day40-day management of financial risk is delegated by the PCC to the PCC Finance Committee, and it is
this Committee that is responsible for reviewing the PCC'S annual budget The Treasurer circulates quartedy
management accounts to the Committee, showing the financial position compared to the previous year and
budget, and a forecast oullurn for the year.
Reputatlonal rlsk
This can be minimised by encouraging best practi￿ in all aspects ofthe Parish's management, thereby reducing
the risk of inappropriate actions which could have a damaging effect on the Parish. This extends both to stsff
and volunteers, all of whom need lo be familiar with their duties and adhere to laid down procedures.
Operational risk
The PCC believes that the operational risk to the Parish is relatively low. There is ongoing concern over the
fabric of the Minster, the day-to day repair of which is delegated annually lo a separate charity, Beverley Minster
Old Fund. Of most immediate concern is the condition of the roofs and the east and wesl stsined-glass windows.
There is also a need for resloralion of 3 of the 4 outer buildings owned by the PCC.. the Parish Hall, the Parish
Centre and the Peter Harrison Room.
These issues are being addressed through the Capital Works Board.
Structure Governance and Mana
ement
The Ecclesiastical Parish of St. John and St. Martin IBeverley Minslerl 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 constitution,
but work within the framework of Church of England Ecclesiastical Law, consisting of The Parochial Church
Councils Powers Measure119561 and The Church Representation Rules. Charitable status was received on 13
November 2009.
Committees
The Parochial Church Council meets regularly and operates through commillees which meet be￿een full
meetings of the PCC and as neTrssary to conduct relevant, urgent or minor business.
Standing Committoe: meets only as needed to transact urgent business. It comprises..
The Vicar
The Churchwardens
The Deputy Churchwardens
The Deputy Chairman ofthe PCC
The Treasurer
The PCC Secretary Inon-volingl
Finance Committee: advises on financial matters and gives detailed scrutiny to financial affairs
Vlslon Steerlng Group: advises on implementation of the 2021 Vision Strategy
Mlsslon Actlon Commlttee.. advises on partnerships with local, national and international charities and mission
agencies
Plant and Facilities Committee: advises on propety issues, manages and maintains PCC propety
Enterprise Committee: has an overview of all income generation, and 'Ou￿ard facing" parts of the Minsle¢s
HR Committee.. reviews the terms and conditions under which staff are employed and advises on staffing issues

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Trustees Report for the Year Ended 31 December 2023
PCC Membership- List of members as at 316t December 2023
Ex-officio Clergy..
Rev'd Canon Jonathan Baker
Rev'd Charlie Shefford
Churchwardens
Paul Collins
Sandra Kealing
Sandra King
Dawn Pollard
Jane Chipperton
Wardens of the Daughter Churches
Andrew Hancock (St. Leonard's Molescroftl
Dawn Pollard (St. Peter's Woodmanseyl
Kate Powell ISI Paul's Ticktonl
Deanery Syn(Id nyembers- elected until 2024
Dawn Pollard
Eric Doyle
PCC Men7bers elected until 2024
Meg Choules
Catherine Drake
Hugh Meyer
Jerome Robertson
Marian Snowden
Elected until 2025
Mike Dent
Eric Doyle
Jane Ewbank
Marjorie Neaum
Kevin Vvheeldon
El8Ct8d until 2026
Patricia Brunt
Chris Chipperton
Rod McPhee
Sue Robson
Joyce Shaw
Members of the PCC can be contacted by writing to them at
The Parish Centre
38 Highgate
Beverley
HU17 ODN
Officers
Chair..
The Vicar
Vice Chairman..
Rod McPhee
Treasurer".
Tim Carlisle Iresigned 23 May 20231
Secretary to the PCC." Martin Eldred
Electoral Roll Officer".
Martin Eldred
The number of elected laity is decided by the numbers on the electoral roll. Members serve for three years, five
retiring at each Annual Parochial Church Meeting to be replaced or r&elected.

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Trustees Report for the Year Ended 31 December 2023
Beverley Minster Shop Ltd
The PCC is the beneficial owner of 1000/0 of the issued Share Capital of Beverley Minster Shop Ltd and exercises
ils control through nominee directors appointed by the PCC. All profits of the Company are covenanted to, and
transferred lo, the PCC for the unrestricted benefit of Bevedey Minster. The financial result of Bevetley Minster
Shop Ltd is included in the PCC'S financial statements, in accordance with the Accounting and Reporting by
Charities". Statement of Recommended Practice SORP IFRS 10212019.
Independent Trusts
Beverley Minster has an involvement with a number of independent trusts or charities and in no case are their
accounts included In these financial statements.
1. Vicar and Churehwardens". This is administered separately by the Incumbent and Churchwardens.
2. Hallgarth Field". This is vested in the York Diocesan Board of Finance as Custodian Trustees with the
Vicar and Churehwardens of Beverley Minster as Administrative Trustees.
3. Beverley Minster Old Fund". An independent charity (Reg no. 2242081 with an endowment established
in 1579 by Queen Elizabeth I for the maintenance of the building. Its charitable objects are". The Repair,
resloralion and maintenance of Beverfey Minster. It is managed by Independent Trustees and is not a
responsibility of the PCC. The PCC'S powers and responsibilities in respect of repairs and maintenance
of the historic fabric of Beverley Minster are delegated annually lo the Beverley Minster Old Fund.
4. The Friends of Beverley Minster.. An independent charity (Reg no. 5013021. Its charitable objects are..
The preservation and adornment of Beverley Minster and the general maintenance of the Minster, ils
activities and Servi￿$, its ornaments and furnishings., To make gifts to the Minster which may be
acceptable lo the PCC To promote public interest in the Minster ils history and its work. 11 is managed
by Independent Trustees and is not a responsibility of the PCC.
5. The Canon Nollolh Trust was registered with the Charity Commission on 12 September 1963 and is
administered by the Diocese of York.
Churchyard
The Minster Churchyard is 'closed' lo further burials and under the Local Government Act 1972, il is now the
responsibility of East Riding of Yorkshire Council to maintain the Church's grounds, paths etc. The Churchyard
al Tickton remains open.
It is recommended that the Annual Report and Financial Statements for the year ended 31 gt December 2023 be
adopted and approved for submission to the Annual Parochial Church Meeting. The annual reportwas approved
by the PCC on
and signed on ils behalf by.
Rev'd Canon Jonathan Baker
Chair of Trustees
Sandra King
Trustee and Churchwarden

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Statement of Trustees. Responsibilities
The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with
the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and
applicable law and regulations.
The law applicable lo charities requires the Trustees lo prepare financial statements for each fi'nancial year
which show a true and fair view of the state of affairs of the charity and of the incoming resources and application
of reSoUr￿S of the charity for that period. In preparing these financial stalemenls, the Trustees are required lo..
select suitsble accounting policies and then apply them consistendy.,
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
stsle whether applicable accounting stsndards have been followed, subject lo any material departures
disclosed and explained in the financial statements," and
prepare the financial statements on the going con￿rn basis, it is inappropriate lo presume that the
charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements comply with
the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the
eonslitulion. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
io

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Independent Examiner's Report to the Trustees of the Parochial Church Council of
The Ecclesiastical Parish of St. John and St. Martin (Beverley Minsterl
I report on the accounts of the charity for the year ended 31 December 2023 which are sel out on page5 12 to
This report is made solely to the charity's Trustees, as a body, in aecordanee with Section 145 of the Charities
Act 2011. My independent examination work has been undertaken so that I might stale to the charity's trustees
those matters l am required to slate to them in an Independent Examiner's Report and for no other purpose. To
the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and
the Charity's Trustees as a body, for my independent examination work, for this report, or for the opinions I have
formed.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance
with the requirements of the Charities Act 2011 Ilhe 2011 Acll. I report in respect of my examination of the
Charity's financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I
have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011
Act.
Independent examiner's statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member
of The Institute of Chartered Accounlanls in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come lo my attention in connection with the
examination giving me cause lo 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
the fi'nancial statements do not comply with the applicable requirements conceming the form and
content of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any
requirement that the accounts give 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 connection with the examination lo which attention
should be dfftwn in this report in order to enable a proper understanding of the financial statements lo be
reached.
J6SSIG&
Jessica Lawrence
Azets Audit Services Limited
12 King Street
Leeds
LS12HL
li

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
ststement of Financial Activities for the Year Ended 31 December 2023
Note Unrestrlcted Restrlcted Endowment
funds
funds
funds
Total
Total
funds 2023 funds 2022
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other income
Total income
304,855
71,440
139,051
22,798
51,039
355,894
71,440
141,686
24,324
426,094
39,164
106,490
30,329
19,600
621,677
2,635
124
1,402
538, 144
53,798
1,402
593,344
Expenditure on:
Raising funds
Charitable activities
Total expenditure
{50,5841
432 187
1482,7711
118,2941
168,8781
117,378}
453 373
458 504
1522,2511 1475,8821
139,4801
Net incomellexpenditure)
before transfers
Transfers between funds
55,373
14,318
1,402
71,093
145,795
1,148
11,1481
Other recognlsed {lossesllgalns
Gainlllossl on revaluation of
14
investments
Gainlllossl on sale of
investments
Net movement in funds
Total funds brought forward
Total funds carried
fonvard
4,413
3,300
7,713
153,578)
14
12941
12941
60,934
1,296,109
1,357,043
13,170
260,908
274,078
4,408
597,981
602,389
78,512
2,154,998
2,233,510
92,217
2,062,781
2,154,998
21
A full comparative SOFA can be found al note 30 to these financial statements.
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
12

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin {Beverley Minster)
{Registration number: 1132704)
Balance Sheet as at 31 December 2023
Fixed assets
Note
2023
2022
Tangible assets
Investments
13
14
1,411,120
413,726
1,425,155
410222
1,824,846
1,835,377
Current assets
Stocks
Debtors
Cash al bank and in hand
15
16
3,444
41,988
415,256
3,535
61,591
318,974
460,688
384,100
Croditors: Amounts falling due within one year
17
52,024
64,479
Net current assets
408,664
319621
Total assets less current Ilabllltles
2,233,510
2,154,998
Credltors: Amounts falllng due after more than one year
18
Net assets
2 233 510
2 154998
Funds of the charity:
Endowment funds
Restricted funds
602,389
274,078
597,981
260,908
Unrestricted funds
1 357 043
1 296 109
Total funds
21
2,233,510
2,154,998
The financial statements on pages 12 to 34 were approved by the Trustees, and aulhorised for issue
signed on their behalf by..
0910512024
and
Rev'd Canon Jonathan Baker
Chair of Trustees
Sandra King
Trustee and Churchwarden
13

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Statement of Cash Flows for the Year Ended 31 December 2023
Note
2023
2022
Cash flows from operating activities:
Net cash provided byllused inl operating activities
29
77,105
151,595
Cash flows from investing activities:
Investment income received
Purchase of investments
Sale of investments
Cost of fixed asset additions
Net cash provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
24,324
11,4021
4,930
18,6751
19,177
96,282
318,974
415,256
19,549
110,7801
117,9071
9,138
142,457
176,517
318,974
14

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Notes to the Financial Statements for the Year Ended 31 December 2023
Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainly in the
preparation of the financial statements are as follows..
Charity Information
The Parochial Church Council of the Ecclesiastical Parish of Sl. John and St. Martin (Bevedey Minslerl is a
charity registered in England and Wales (charity registration number 11327041- The COrresFX)nden￿ address is
The Parish Centre, 38 Highgale, Beverley, HU17 ODN.
Accounting Convention
The financial statements have been prepared in accordance with Aecounling and Reporting by Charities..
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 IFRS 1021 (effective 1 January 20191
(Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 and the Charities Act 2011.
Basis of preparation
The Parochial Church Council of the Ecclesiastical Parish of Sl John and Sl Martin IBeverfey Minster) meets
the definition of a public benefit entity under FRS 102.
The financial statements are prepared in slerfing, which is the functional currency of the Charity. Monetsry
amounts in these financial statements are rounded lo the nearest £1.
The financial statements have been prepared under the historical cost convention, modified lo indude the
revaluation of investments and ￿rtain fixed assets al fair value. The principal accounting policies adopted are
set out bebw.
Going concern
Al the lime of approving the financial statements, the Trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future and not less than one
year from the date of approval. The charity has no borrowings however does rely on the general goodwill of the
public for much of il's Income, as such the pandemic could give rise to a material flu¢lualion in results and some
uncertainty in regard to going concem, however this 15 being constantly monitored.
Income and endowments
Voluntary income of legacies that provide core funding or are of a geneml nature is recognised when the charity
has entitlement lo the income, it is probablè that the income will be received and the amount can be measured
with sufficient reliability-
Donatlons and legacles
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be
reliably measured.
Grants recelvable
Grants are recognised when the charity has an entitlement lo the funds and any conditions linked to the grants
have been met. Where performance conditions are attached lo the grant and are yel to be met, the income is
recognised as a liability and included on the balance sheet as deferred income to be released.
15

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Notes to the Financial Statements for the Year Ended 31 December 2023
Deferred income
Deferred income represents amounts received for future periods and is released to incoming resources in the
period for which it has been received. Such income is only deferred when..
The donor specifies that the grant or donation must only be used in future accounting periods., or the donor has
imposed conditions which musl be met before the charity has unconditional entiuement.
Investment income
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the
charity,. this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised
once the dividend has been declared and notification has been received of the dividend due.
Expenditure
All expenditure is recognised once there is a legal or conslruclive obligation to that expenditure, il is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs lo that category. Where Costs cannot be direcdy 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 incurred in attraeling voluntary income, the management of investments and those incurred in
trading activities that raise funds.
Charitable activities
Items of expenditure are charged to the Statement of Financial Activities on an accruals basis. The offer to the
Diocese is charged as paid, usually Monthly, although the commitment is for a full year.
Governance costs
These include the costs attributsble to the charity's compliance with constitutional and statutory requirements,
including audit, strategic management and Trustees, meetings and reimbursed expenses.
Taxation
The charity is a registered charity and therefore il's income and gains are exempl from taxation to the extent
that they are applied for charitable purpose.
Tangible fixed assets
Consecratedproperty and movable church fumishings
Consecrated and benefi￿d property of any kind is excluded from the accounts by S.1012llal of the Charities
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 Considers this to be inalienable propety. All
expenditure incurred in the year on consecrated or beneficed buildings and movable church furnishings, whether
maintenance or improvement, is written off to the income statement in the year of expenditure.
Other freehold land and buiTldings
The Church Hall, Peter Harrison Room, Parish Centre and the residential property al 23 Outer Trinities were
professionally valued in April 2019 by John English Bsc M.R.l.C.S, an 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 different to the
professional valuation as at 31 December 2023.
Offlce and other equipment
Equipment used within the church premises 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.
16

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Notes to the Financial Statements for the Year Ended 31 December 2023
Depreciation
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 economic life.
Fixed asset investments
Fixed asset investments are included at market value at the balance sheet dale. Realised gains and losses on
investments are calculated as the difference be￿een sales prO￿ed$ and their market value al the start of the
year, or their subsequent cost are charged or credited lo the Statement of Financial Activities in the period of
disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or
charged to the Statement of Financial Activities based on the market value al the year end.
Funds are placed in low and medium risk ethical investments with the objective of receiving income. The
investment policy is to achieve a rale of return, based on the current value of investments, of al least 1'/o more
than the prevailing rate on the Church of England Deposit Account.
Stock
Stocks relate lo the Cost of the choir and organ CD'S held by the Director of Music. Stocks are stated at the
l()wer of cost and estimated selling price.
Financial instruments
The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there
is a legally enforceable right to sel off the recognised amounts and there is an intention lo setde on a
net basis or to realise the asset and settle the liability simultaneously.
Trade debtors
Amounts owing to the PCC at the 31st December, in respect of fees, rents or other income are shown as debtors
less provisions for amounts that may prove uncolleclable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-lerm highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change In value.
Trade creditors
Obligations to 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, at the
end of the reporting period, lo defer settlement of the creditor for al least twelve months after the reporting date.
If there is an unconditional right lo defer settlement for at least ￿e1ve months after the reporting dale. they are
presented as non-current liabilities.
17

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Notes to the Financial Statements for the Year Ended 31 December 2023
Fund structure
Unrestricted funds.. represent the funds of the PCC that are not subject lo any reslriclions regarding their use.
Funds designed for a particular purpose by the PCC are also considered lo be unreslricled.
Designated funds.. represent unrestricted funds set aside for specific purposes at the discretion of the Trustees.
Restricted funds.. are funds which can only be used as specified by a donor or when funds are raised for a
particular purpose.
Endowment funds". are a form of restricted fund where the donor has specifi'ed that only the income from the
money or asset donated can be spent The original asset Ilhe 'capital'l cannot normally be spent. The donor of
the endowment fund specifies the use lo which the income can be pul, so it can be more restricted than for the
general purposes of the PCC.
Employee benefits
The cost of any unused holiday enlillemenl is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed
to terminate the employment of an employee or lo provide lerminalion benefits.
Leases
Rentals payable under operating leases, including any lease incentives r￿1ved, are charged as an expense
on a straight line basis over the term of the relevant lease.
18

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Notes to the Financial Statements for the Year Ended 31 December 2023
Income from donations and legacies
Unrestricted
funds
General
For the year to 31 December 2023
Restricted
funds
Total
2023
Donations
Visitor box donations
General collections
Planned giving
Gift aid reclaimed
Donations for refreshments
Donations for prayer candles
Bequests
Grants, including capital grants
33,131
25,689
52,454
116,508
42,134
4,746
11,118
425
18,650
304 855
23,639
56,770
25,689
52,454
116,508
42,134
4,746
11,118
425
46,050
355 894
27 400
Unrestricted
funds
General
For the year to 31 December 2022
Restricted
funds
Total
2022
Donations
Visitor box donations
General collections
Planned giving
Gift aid reclaimed
Donations for refreshments
Donations for prayer candles
Bequests
Grants, including capital grants
57,722
20,295
48,931
108,893
56,492
3,132
10,061
94,600
5,390
405 516
20,578
78,300
20,295
48,931
108,893
56,492
3,132
10,061
94,600
5,390
426 094
Income from Charltable actlvltles
Unrestricted
funds
Restricted
funds
For the year to 31 December 2023
Total 2023
Lettings
Rents
Church fees
Mission income
Sundry income
41,672
12,424
17,344
41,672
12,424
17,344
71,440
71,440
19

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Notes to the Financial Statements for the Year Ended 31 December 2023
Income from charltable actlvltles {contlnuedl
Unrestrlcted
funds
Restrlcted
funds
For the year to 31 December 2022
Total 2022
Lettings
Rents
Church fees
Mission income
Sundry income
8,747
14,050
12,539
8,747
14,050
12,539
3,828
39,164
3,828
39,164
4. Income from other trading activities
Unrestrieted
funds
Restricted
funds
For the year to 31 Deeember2023
Total 2023
Tradlng."
Donation from Beverley Minster Shop
Events income..
Concerts, events and recitals
Photography permits
Other fundraising income
24,593
24,593
99,211
2,220
13,027
139,051
99,211
2,220
15,662
141,686
2,635
2,635
Unrestricted
funds
Restricted
funds
For the year to 31 Deeember 2022
Total 2022
Tradlng."
Donation from Beverley Minster Shop
Events income."
Concerts, events and recitals
Photography permits
Other fundraising income
25,000
25,000
76,170
2,315
3,005
106,490
76,170
2,315
3,005
106,490
20

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Notes to the Financial Statements for the Year Ended 31 December 2023
Investment Income and other Income
Unrestricted Restricted Endowment
funds
funds
funds
For the year to 31 December
2023
Investment income
Income from dividends..
Dividends reTrivable
Interest ￿CeIv￿bIe.'
Other interest reTrivable
Total 2023
18,964
1,402
20,366
3,834
124
124
3,958
Other income
Free Will Offer Contribution
Unrestricted Restricted Endowment
funds
funds
funds
For the year to 31 December
2022
Investment income
Income from dividends..
Dividends re￿1vable
Interest receivable..
Other interest re￿1vable
Totsl 2022
24,781
24,781
Other income
Free Will Offer Contribution
19,600
19,600
19,800
19,600
Expenditure on raising funds
Unrestricted
funds
Restricted
funds
Total 2023
For the year to 31 December 2023
Cost of generating volLJntary income
Concert and events costs
Other trading and fundraising costs
Allocated support costs
396
47,732
2,456
396
47,732
20,750
18,294
50,584
18294
68,878
Unrestrlcted
funds
Restrlcted
funds
Total 2022
For the year to 31 December 2022
Cost of generating voluntary income
Concert and events costs
Other trading and fundraising costs
Allocated support costs
17,378
17,378
17,378
17,378
21

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Notes to the Financial Statements for the Year Ended 31 December 2023
Charitable activities
General
Restricted Endowment
funds
funds
Total
2023
Forthe yearto 31 December 2023
Wages and salaries
Social security
Pension costs
Clergy expenses and housing costs
Visitor ministry
Youth
and
Children's
(excluding payroll costs)
Mission costs
Allocated SUPF)Ort costs
Parish Hall and rooms
Cost of services and worship
Building project costs
Mission and charitable giving
Contribution lo Diocese common fund
Church and minster running costs
154,367
8,942
3,985
5,469
3,186
654
154,367
8,942
3,985
5,459
3,416
654
230
ministry
60
13,818
9,495
6,068
13,8231
29,164
79,000
106,694
417,079
15,108
432,187
60
13,818
9,495
6,098
13,8231
29,164
79,000
127,620
438,265
15,108
453,373
30
20,926
21,186
Governance and support costs (Note 8}
Total cost of charitable activity
21,186
General
Restricted Endowment
funds
funds
Total
2022
Forthe yearto 31 December 2022
Wages and salaries
Social security
Pension costs
Clergy expenses and housing costs
Visitor ministry
Youth and Children's ministry lexcluding
payroll costs)
Allocated support cost5
Parish Hall and rooms
Cost of services and worship
Building project costs
Mission and charitable giving
Contribution lo Diocese common fund
Church and minster running costs
138,069
9,171
3,485
31,597
169,666
9,171
3,485
2,298
1,170
73
2,298
1,170
73
22,267
8,769
16,511
22,267
8,769
16,511
3,823
10,404
65,000
133,665
446,302
12,202
458,504
3,823
10,404
65,000
121 931
396,850
12,202
409,052
11,734
47,154
2,298
Governance and support costs INole 81
Total cost of charitable activity
47,154
2,298
22

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin {Beverley Minster)
Notes to the Financial Statements for the Year Ended 31 December 2023
Analysls of governance and support costs
Unrestricted funds
General
Restricted
funds
Total
2023
Accountancy and Independent examination
Other governance costs
13,775
1,333
13,775
1,333
Unrestricted funds
General
Restricted funds
Total
2022
Accountancy and Independent examination
Other governance costs
11,221
981
12,202
11,221
981
12,202
Net incomellexpenditurel
Total
2023
Total
2022
This is stated after chargingllcredilingl
Independent examiner's fees
Depreciation of fixed asset5
2,760
22,710
2,520
23,321
10. Trustees remuneration and expenses
No Trustees, nor any persons connected with them, have received any remuneration from the charity during the
year.
No Trustees have received any reimbursed expenses or any other benefits from the charity during the year.
The Trustees are considered lo be the key management of the charity.
11. Staff costs
The aggregate payroll costs were as follows..
Total
2023
Total
2022
Staff costs during the yearwere
Wages and salaries
Social security costs
Pension costs
154,367
8,942
3,985
167,294
169,666
9,171
3,485
182,322
The average number of persons (including senior management leaml employed by the charity during the year
were as follows..
Total staff
2023
No.
2022
No.
No employee received emoluments of more than £60,00012022- no employeel during the year.
23

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Notes to the Financial Statements for the Year Ended 31 December 2023
12. Taxation
Beverley Minster is a registered charity and as such is a charity within the meaning of Schedule 6 of the
Finance Act 2010. Accordingly, the Charity is potentially enlilled to tax exemption under part 11 of the
Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income
and gains arising.
13. Tangible fixed assets
Land and buildings
Furniture and
equipment
Total
Cost
At 1 January 2023
Additions
Disposals
Al 31 December 2023
Depreciation
Al 1 January 2023
Charge for the year
Disposals
At 31 December 2023
Nel book value
At 31 December 2023
At 31 December 2022
1,140,000
459,723
8,675
1,599,723
8,675
1 140 000
468 398
1,608,398
174,568
22,710
174,568
22,710
197 278
197 278
1 140,000
1,140,000
271,120
285,155
1,411,120
1,425,155
The value of unrestricted freehold propety included above is £630,00012022 - £630,000).
Revaluation
The fair value of the Charity's land and buildings was revalued on 3rd April 2019 by John English Bsc M.R.l.C.S
a chartered surveyor, an independent surveyor. The Iruslees are of the opinion that there is no material change
al 31 St De￿mber 2023. The next revaluation is due in 2024.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £917,500
12022 - £917,500).
The company's land and buildings include The Church Hall (including the Emm8us Room), Peter Harrison
Room, Parish Centre and 23 Outer Trinities which are Included at their 2019 valuation.
Changes in valuations are shown as unrealised gains or losses, which are respectively credited to or charged
within the Statement of Financial Activities ISOFAI.
24

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin {Beverley Minster)
Notes to the Financial Statements for the Year Ended 31 December 2023
14. Flxed asset Investments
Investment in
Subsidiary
Quoted
Investments
Total
Cost or valuation
Al 1 January 2023
Revaluation
Disposals
Additions
Adjustment in respect of prior period
Al 31 December 2023
Net book value
At 31 Decem￿[ 2023
At 31 December 2022
25,000
385,222
7,713
15,2251
1,402
386
388 726
410,222
7,713
15,2251
1,402
386
413726
25,000
25,000
388,726
385,222
413726
410,222
Investments which are included al their market value as al 31 December 2023 have a historic cost of £334,060
12022 - £337,883).
2023
2022
Interest re￿iVed from Bank and other Deposit Accounts
Dividends received from PCC investments
3,958
18,964
22,922
5,548
14,001
19,549
The investments earned a gross rale of return on market value of
3.27°
2.75'/0
The PCC receives haw the income from the Estsle of Grace Farrar deceased, bul does not hold or control the
investments, which are administered by the Diocese of York. The lotsl value of the investments was £363,021
which generated a total income of £11,86412022 - £9,731) a return of 3.27Yo12022- 2.75 /0l- The income was
divided equally between the PCC and Bevedey Minster Old Fund.
Details of undertakings
Details of the investments in which the charity holds 200/0 or more of the nominal value of any class of share
capital are as follows".
Undertaklng
Country of Holdlng Proportion of voting
Incorporation
rights and shares
held
Prlnclpal actlvlty
Subsidiary undertakings
Beverley Minster Shop Limited England and Ordinary
(company number 041031611
Wales
1000
Other retail sale of new
goods in specialised
stores
The profit for the financial period of Beverfey Minster Shop Limited was £24,593 {2022.' £25,064) and the
aggregate amount of capital and reserves at the end of the period was £25,000. The Beverley Minster Shop
Limited profil of £24,593 was donated to Beverfey Minster.
25

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Notes to the Financial Statements for the Year Ended 31 December 2023
15. Stock
2023
2022
Stocks
3,444
3,535
16. Debtors
2023
2022
Trade debtors
Prepayments
Accrued income
VAT recoverable
Other debtors
20,454
1,026
7,166
1,447
1,764
16,564
34,650
61,591
3,322
17,186
41,988
17. Creditors: amounts falling due within one year
2023
2022
Trade Creditors
Accruals
Deferred ineome
Social security and taxes
Other creditors
Agency eolleclions
9,632
28,480
300
2,179
3,720
7,713
52,024
28,911
18,753
200
2,673
8,212
5,730
64,479
2023
2022
Deferred income at 1 January
Resources deferred in the period
Amounts released from previous periods
Deferred income at 31 December
200
300
12001
300
3,916
200
13,9161
200
18. Credltors: amounts falllng due after one year
2023
2022
other creditors
26

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Notes to the Financial Statements for the Year Ended 31 December 2023
19.
Penslon and other schemes
Beverley Minster PCC participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is
administered by the Church of England Pensions Board, which holds the CWPF assets separately from those
of the Employer and other participating employers.
CVVPF has sections..
1. the Defined Benefits Scheme
2. the Pension Builder Scheme, which has two subsections,.
a deferred annuity section known as Pension Builder Classic, and,
a cash balanTr section known as Pension Builder 2014.
Pension Builder Scheme
Both sections of the Pension Builder Scheme are classed as defined benefit schemes.
Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a
deferred annuity during employment based on terms sel and reviewed by the Church of England Pensions
Board from lime to lime. Discretionary increases may also be added, depending on investment returns and
other factors.
Penslon Bullder 2014 is a cash balance scheme that provides a lump sum which Members use lo provide
benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary
bonuses may be added before retirement, depending on investment returns and other factors. The account,
plus any bonuses declared is payable, unreduced, from age 65.
There is no su￿￿divIsion of assets between employers in each section of the Pension Builder Scheme.
The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is
because it is not possible lo attribute the Pension Builder Scheme's assets and liabilities to specific employers
and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The
pensions costs charged to the SOFA in the year are the contributions payable12023'. £3,985, 2022.. £3,485).
A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation
was carried out as at 31 De￿rnber 2019.
For the Pension Builder Classic section, the 2019 valuation revealed a deficit of £4.8m on the ongoing
assumptions used. At the most recent annual review effective 1 January 2024, the Board chose to grant a
discretionary bonus of 6.70/9 to both pensions not yet in payment and pensions in payment In respect of
service prior to April 1997,. and a bonus on pensions in payment In respect of post April 2006 service so that
the pension increase was 5'/o Iwhere usually it would be calculated based on inflation up to 2.50/91- This
followed improvements in the funding position over 2023. There is no requirement for deficit payments at the
current lime.
For the Pènsion Builder 2014 section, the 2019 valuation revealed a surplus of £5.5m on the ongoing
assumptions used. There is no requirement for deficit payments al the current time.
The next valuation is due as al 31 December 2022. Calculations for this are currently under way.
The legal slruelure of the scheme is such that if another employer fails, Bevedey Minster PCC could become
responsible for paying a share of the failed employer's pension liabilities.
27

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Notes to the Financial Statements for the Year Ended 31 December 2023
20.
Commitments; Operating leases
There were no commitments at the year end12022- none).
21. Funds
Balance at
1 January
2023
Income
Expenditure Transfers
Other
Balance at
recognised
31
gainslllosses) December
Revaluation
2023
For the year to 31
December 2023
Unrestricted funds
General
Designated
Unreslricled funds
Restricted funds
Endowment funds
893,030
403,079
1,296,109
260,908
597,981
538,054
90
538, 144
53,798
1,402
{482,7711
583
565
1,148
11,1481
4,413
953,309
403,734
1,357,043
274,078
602,389
1482,7711
139,4801
4,413
3,006
Total funds
2,154,998
593,344
522,251
7,419
2,233,510
Balance at
1 January
2022
Income
Expendlture Transfers
Other
Balance at
recognised
31
gainsl{losses) December
Revaluation
2022
For the year to 31
December 2022
Unrestricted funds
Geneml
Designated
Unreslricled funds
Restricted funds
Endowment funds
650,838
423 651
1,074,489
398,938
589,356
601,098
1426,4311
121,103
153,5781
893,030
403,079
1,296,109
260,908
597,981
601,098
20,578
1426,4311
100,531
147,1541 1111,4541
12,2981
10,923
153,5781
Total funds
2 062 783
621 676
475,883
2 154 998
28

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Notes to the Financial Statements for the Year Ended 31 December 2023
Funds (continued)
Balance at 1
January
2023
Income
Expenditure Transfers
Other
recognised
gainslllossesl
Irevaluations
Balance at 31
December
2023
For the year to 31
December 2023
Unrestricted funds
General
Sl Peter's General fund
Sl. Leonard's General fund
Minster General fund
Tickton LEP General fund
69,063
14,521
804,150
5,296
893,030
34,133
24,474
463,917
15,530
538,054
122,2801
110,2071
1434,7831
15,501
482,771
12001
7,675
16,6821
210
583
80,716
36,463
831,015
5,115
953,309
4,413
4,413
DesiTgn8ted
Assistant Director of Music
Minster Development Fund
St Peters Garden Project
565
565
403,079
go
403,734
403,079
90
90
403,079
565
Total unrestricted funds
1296 109
538 144
482 771
1 357 043
Restricted Funds
Dorcas Fund
Community Connections
Project
Minster Bells Fund
Sanctuary
John Cooper Melling Fund
Organ Fund
Tickton Development Fund
Volunteer & Hospitality
Fund
Youth and Children Fund
Assistsnl Director of Music
Choral Foundation
Tickton community
Tickton (Naylor Trust Inv)
851
40
20,035
11041
18,4451
787
11,590
11,780
111,0091
771
2,175
12,1751
3,851
2,244
3,851
158.696
73,169
15,697
166,872
79,027
16,8851
12,9291
13031
15,5351
12,9291
16,000
5,783
15,7831
15651
565
10,918
500
10,065
19,8051
11,178
15001
339
339
Total restricted funds
260,908
53,798
139,4801
11,1481
274,078
Endowment Funds
Total Endowment funds
597 981
602 389
Total Funds
2 154 998
593 344
522 251
2233510
29

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Notes to the Financial Statements for the Year Ended 31 December 2022
Funds {continued)
Balance at 1
January
2022
Income
Expenditure Transfers
Other
recognised
gainslllos$esl
Irevaluations
Balance at 31
December
2022
For the year to 31
December 2022
Unrestricted funds
General
Sl Peter's General fund
Sl. Leonard's General fund
Minster General fund
Tickton LEP General fund
28,400
19,337
595,119
7,982
650 838
54,976
25,461
503,964
16,697
601 098
114,3131
130,2771
1362,4581
19,383
426 431
69,063
14,521
804, 150
5,296
893 030
121,103
153,5781
121 103
Designated
Two churches
Assistant Director of Music
Minster Development Fund
MLJSIC and Choir Fund
Organ Fund
Mission fund
Vicars garden Fund
Youth and children Fund
1,592
11,722
403,079
3,050
4,077
130
13
12
423,651
11,5921
111,7221
403,079
13,0501
14,0771
11301
1131
403,079
Total unrestrleted funds
1,074,489
601,098
426,431
100,531
53,578
1,296,109
Restricted Funds
Assistant Organist Fund
Dorcas Fund
Nave roof
Men's Group Fund
Minster Bells Fund
Minster Development Fund
Sanctuary
Music and Choir Fund
Organ Fund
Tickton Development Fund
Vicar's Garden Fund
Youth and Children Fund
Assistant Director of Music
Choral Foundation
Tickton community
Mission Fund
80
851
1801
851
276
12761
1181
43,890
98,630
16,231
167,929
90,731
1871
121,0111
11001
143,8901
135,4191 161,0361
116,2311
2,175
11,0571
166,872
79,027
111,7041
87
21,011
665
565
10,918
500
20,578
19,6601
500
1.000
Total restricted funds
398,938
20,578
147,1541 1111,4541
260,908
Endowment Funds
Total Endowment funds
589 356
597 981
Total Funds
2 062,783
621,676
475,883
53,578
2,154,998
30

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Notes to the Financial Statements for the Year Ended 31 December 2023
Funds {continued)
For the year to 31
December 2023
Balance at 1
January
2023
Income
Expenditure Transfers
Other
Balance at
recognised
31
gainslllossesl December
2023
Endowment funds
Investment Endowment
Music Endowment
Property Endowment
Total endowment funds
65,315
22,666
510,000
597,981
4,754
11,7481
70,069
22,320
510,000
602,389
1,402
1.402
3,006
For the year to 31
December 2022
Balance at 1
January
2022
Income
Expenditure Transfers
Other
recogni$ed
gainslllossesl
Balance at 31
December
2022
Endovmient funds
Investment Endowment
Music Endowment
Property Endowment
Ticklon Naylor Fabric
Totsl endowment funds
60,307
22,428
506,224
397
589,356
5,008
238
6,074
397
10,923
65,315
22,666
510,000
12,2981
2,298
597,981
Unrestricted {and Designated) Funds include:
The Minster General Fund, the daughter churches, general funds and the Minster Development Fund.
The designated Minster Development Fund was established to fund future capital projects, fInan￿d by
bequests and major donations. This policy was established in 2010.
Restricted funds include..
Community Connections Project.. This was set up In 2023, funded by a grant from the Deflog Foundation, to
connect the people of Beverley with the heritage of their town, ils community and its culture via workshops,
events and learning opportunities.
Minster Bells Fund.. Projects were identified in 2023 for which the Friends of Beverley Minster agreed lo
provide funding. This fund holds the contributions received, less invol￿S paid, lo date.
Sanctuary Fund.. A fvnd established for the Sanctuary project, transforming the space in the North Transept
into an exhibition highlighting the Minster as a place of sanctuary and Beverley as a place of refuge. This
project included resloffition of the Lesser South Transept roof. The funding came from the National Lottery
Heritage Fund, Beverley Minster Old Fund and the Friends of Beverley Minster. The Sanctuary Project
concluded in November 2022 and so this fund has now closed following settlement of the final invoice.
John Cooper Melling Fund. In previous years this was reported as an Independent TrusL During 2023,
following discussions with the Melling family, the balance was transferred lo the PCC account as a reslri¢led
fund, to be administered by the Incumbent and Youth Minister. It is still to be used for Children's and Youth
Ministry projects al Beverley Minster that fall outside the regular expenditure and salary covered by other
Youth and Children Funds held within the PCC accounts.
Organ Fund.. A fund established lo maintain the Minsterfs organ, which requires regular tuning and a major
refurbishment every 25-30 years.
31

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Notes to the Financial Statements for the Year Ended 31 December 2023
Tickton Development Fund.. This was sel up as a restricted fund lo allow for improving accessibility into the
church and providing kitchen facilities within the church. The Fund now represents the value of the asset
Volunteer and Hospitality Fund.. This was sel up lo manage a restricted donation received in 2022. Funds are
available to ensure that the invaluable work of our volunteers is recognised and so that hospitality can be
provided al specified significant events. The reslriclion includes conditions as lo the amount that can be spent
each year.
Choral Foundation.. A fvjnd sel up to allow choristers at the Minster to access instrumental lessons irrespective
of their financial Circumstan￿$. Following support from the Friends of Beverley Minster, an initial grant was
re￿iVed from the Deflog Foundation in 2022, with further funding from them In 2023.
22. Analysis of net assets by fund
As at 31 December 2023
Tangible fixed assets
Investments
Nel current assets
Lon
term liabilities
Unrestricted Restricted Endowment
Total
827,951
73,169
510,000 1,411,120
25,000
296,337
92,389
413,726
504,092
195,4281
408,664
1,357,043
274,078
602,389 2,233,510
As at 31 December 2022
Tangible fixed assets
Investments
Nel current assets
Lon
term liabilities
Unrestricted Restrlcted Endowment
Total
913,731
511,424 1,425,155
25,000
65,315
410,222
362,912
21,242
319,621
319,907
{64,5331
1,301,643
255,374
597,981 2,154,998
23. Connected Persons- Members of the PCC
During 2022 the clergy received the following..
2023
2022
Accommodation costs
2298
2,298
2,843
There were no other related party transactions in the year.
24. Endowment funds
Following enactment of the Church Accounting Regulations 2006, the Financial Statements include both the
income arising from and the capitsl values of the following..
The C.H. Barringer legacy, Trustees.. the PCC
The C.M.L. Walker legacy, Trustees.. the PCC
The Beverley Minster Music Fund, Trustees.. the PCC
32

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin (Beverley Minster)
Notes to the Financial Statements for the Year Ended 31 December 2023
25. Independent Trusts
Beverley Minster has an involvement with some 5 independent trusts or charities and in no case are their
accounts included In these financial statements. These are listed on page 9 under the heading Independent
Trusts.
26.
Property Insurances
All our properties are insured with Ecclesiaslieal Insurance, with policies covering the following..
Minster, Parish Hall, Peter Harrison Room
Minster boilers, lifting equipment, wiring
Parish Centre
23 Outer Trinities
St. Peter's Woodmansey
St. Leonard's Molescroft
The Church in Tickton LEP
27. Special Collections On Behalf Of Others (Agency Accounts)
The Minster regularly collects funds on behalf of others. These funds are administered by the Minster, and pass
through the Minster's bank account, but do not form part of the Minster's income.
These collections are held in separate agency accounts from the time of collection until such time as the funds
are disbursed. 11 is the PCC'S aim lo make payments as soon as possible, although in the case of some funeral
collections the family's instructions may not be immediately available.
The balances on these accounts are shown below:
2023
2022
Colle¢lions for others
Friends of Beverley Minster
Funeral Collections
6,388
778
547
7,713
4,050
272
5,730
28. Accounting For Financial Interaction with The Beverley Minster Old Fund
There are a number of agreed financial arrangements between the PCC and the Beverley Minster Old Fund.
These relate to the income from roof and ground floor tours, the visitor box donations, the heating charges and
the insurance premiums.
33

The Parochial Church Council of the Ecclesiastical Parish of SL John and
SL Martin {Beverley Minster)
Notes to the Financial Statements for the Year Ended 31 December 2023
29. Net Cash {Used Inl Operatlng Actlvltles
2023
2022
Net movements in funds
Lossesllgainsl on fixed asset investments
Gain on revaluation of tangible fixed assets
Income from investments
Depreciation
Other adjustments
Ilncreaselldecrease in stocks
Ilncreaselldecrease in debtors
Increaselldecreasel in creditors
Net Cash provided byllused inl Operating Activities
78,512
{7,419)
86,681
53,578
124,3241
22,710
386
91
19,603
12,454
119,5491
28,856
701
129,3801
30,708
151 595
30. SOFA For the Year
ended 31st
December 2022
Unrestricted Restricted Endowment
funds
funds
funds
Total
funds 2022
Income and Endowments from:
Donations and
legacies
Charitable activities
Other trading activities
Investment income
Other income
Total income
405,516
20,578
426,094
39,164
106,490
30,329
19,600
601,099
39,164
106,490
30,329
20,578
621,677
Expenditure on:
Raising funds
Charitable activities
Total expenditure
117,3781
409 052
1426,4301
117,3781
458 504
12,2981 1475.8821
147, 1541
Net lexpenditurel
before transfers
Transfers between
funds
174,669
100,531
126,5761
1111,4541
12,2981
10,923
145,795
Other recognlsed galnslllossesl
Gainlllossl on
revaluation of
investments
Net movement in
funds
Total funds brought
forward
Total funds carried
forward
153,5781
153,5781
221,622
1138,0301
8,625
92,217
1,074,487
398,938
589,356
2,062,781
1,296,109
260,908
597,981
2,154,998
34