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 De￿mber 2024

The Parochial Church Council of the Ecclesiastical Parish of St. John and
St. Martin {Beverley Minster)
Contents
Admin and reference details.............................................................................................................................................
Trustees Report forthe Year Ended 31 December 2024......................................................................................
Statement of Trustees, Responsibilities .
-11
Independent Examinerfs Report to the Trustees of the Parochial Church Council of The Ecclesiastical Parish of
St. John and St. Martin (Beverley Minsterl.........................................................................................................12
Statement of Financial Activities forthe Year Ended 31 December 2024..........................................................13
Balance Sheet as at 31 December 2024..............................................................................................................14
Statement of Cash Flows for the Year Ended 31 December 2024......................................................................15
Notes to the Financial Statements for the Year Ended 31 December 2024.......................................................16

The Parochial Church Council of the Ecclesiastical Parish of St. John and
St. Martin {Beverley Minster)
Reference and Administrative Details
Incumbent
Rev. Canon Jonathan Baker
Principal Office
The Parish Centre
38 Highgate
Beverley
HU17 ODN
Charity Registration Number
1132704
Bankers
Minster
Barclays Bank PLC
115 King Edward Street
Hull
HU13RL
CCLA Investment Management Ltd
The CBF Church of England Funds
One Angel Lane
London
EC4R 3AB
St. Leonard's
Virgin Money
10-12 Paragon Street
Hull
HU13ND
St. Peterfs
Natwest
60 Market Place
Beverley
HU17 8AA
The Church in Tickton
Virgin Money
10-12 Paragon Street
Hull
HU13ND
Independent Examiner
Jessica Lawrence FCA CTA
Azets Audit servI￿s Limited
12 King Street
Leeds
LS12HL
Accountants
Dymond Chartered Accountants
Office F1, Beverley Enterprise Centre.
Beck View Road,
Beverley.
HU17 OJT

The Parochial Church Council of the Ecclesiastical Parish of St. John and
St. Martin {Beverley Minster)
Trustees Report for the Year Ended 31 December 2024
The Trustees present the annual report and financial statements ofthe charity forthe year ended 31 December
2024.
The financial statements have been prepared in accordance ￿fjth the accounting policies set out in note 1 to the
financial statements and compty with the Charity's goveming document, the Charities Act 2011 and 'Accounting
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 (FRS
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 (PCC) has the responsibilty 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 includesthe mission ofthe Minster's daughterchurches ofst. Leonard's, Molescroft,
St. Paul's, Tickton {as part of the Church in Tickton, an Anglican Methodist Local Ecumenical Partnership), and
St. Peter'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 ofthe Parish Hall,
Emmaus Room, Peter Harrison Room and the Pansh 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 to the public benefit guidance published by the Charity Commission for England and Wales.
The PCC believes that by working with the Wicar and cooperating in all matters of concem and importance for
the promotion of the whole mission of the Church, pastoral, evangelistic, social and ecumenical, the Minster,
with its daughter churches. provide a benefit to the public by=
Providing resources and facilities for public worship, pastoral care and spiritual, moral and intellectual
development, both for its members and anyone vtho wishes to 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 to worship at our church and to become part of
our parish community. The PCC and clergy team maintain an overview of worship throughoLrt 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 to 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 to the conduct of its affairs.
Achievements and Perfomiance
Church attendance and electoral roll.
Average attendance at the Minster and associated churches is shown below.
2024
2023
166
29
36
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 Peter's. Woodmansey
Children under 16 years of age
Total
19
35
11
14
21
23
233
271

The Parochial Church Council of the Ecclesiastical Parish of St. John and
St. Martin (Beverley Minster)
Trustees Report for the Year Ended 31 December 2023
Communicants at Easter and Christrnas
Easter Day
2024
2023
294
226
49
15
21
311
Christmas Day
2024
2023
271
300
34
27
Beverley Minster
St Leonard's, Molescroft
The Church in Tickton
St Peter's. Woodmansey
Total
15
22
375
20
325
19
346
Conducting weddings, funerals & baptisms is an important element in the life ofthe church and makes a
valuable contribution to the wider community.
In 2024, we conducted 21 baptisms (25 in 2023), 13 weddings (17 in 2023) and 33 funerals (33 in 2023).
There were 310 members on the electoral roll presented at the 2024 APCM (289 in 20231.
Mission and Minis
2024 saw the expansion of the ministry team with the arrival of Rev. Eileen Wallis in May, followed by the
priesting of Rev. Charlie Shefford. With the team back up to a level not seen since 2022, we were able to run
o Alpha Courses and a SHAPE Course {on personal discipleship) leading to a Confirmation Service in
November at which 7 adults and two youngsters were confimied by the Bishop of Hull. Several other adults
returned to faith at the same time. Two new small groups were set up as a result.
Our operational capacity has also been much improved by the appointment of a Director of Operations in
February who has brought much needed expertise in matters of compliance, governance and HR, as well as
events and volunteer management. A new Safeguarding Officer is reviewing all our Safeguarding policies and
procedures and making sure that training is provided at all levels.
Work has been done revising the Minsterfs Vision Strategy d￿uMent, now called 'Minster 28,. This will be
launched in early 2025, and wll focus on discipleship, youth and children, the pla￿ of music in our mission and
ministry, and taking forward the next phase of the consetvation work due to be carried out on the Minster and
its ancillary buildings. In this connection, an 'Expression of Interest, was approved at the end of the year by the
National Lottery Heritage Fund. This is the first step towards a bid for £4 million as part of a £6.6 million project
to renew the retroquire, quire and lesser north transept roots, conserve the Great East Window, and renew the
lighting system, as well as enabling an extensive range of community engagement activity and fresh
interpretation. A bid for a development grant will be submitted in May 2025.
The choir continues to grow, and when the Junior choir is taken into account now numbers over 100 people.
This is an extraordinary scale ofoperation fora parish choir. The Music Department also runs regular free Friday
Lunchtime concerts which have a growing following and generate a useful income. as well as a new partnership
with the catering department of the East Riding College.
The 9.15am service has now been running fortwo year5 and is settled. The Sunday afternoon 'Cr055ing' service
has been paused as a review is made of its content and sustainability. Eight Joint Services were held, combining
the 9.15 and 11am congregations, in order to maintain a sense of unity across the Minster family. A pattern of
Family Days three times a year has been re-established since the pandemic. with numbers attending growing
to several hundred each time. The young people's'drop-in, session on Tuesday aftemoons has enjoyed recent
growth and now feels much more viable.
A new fortnighdy Spirituality Group has been set up and is growing as it explores different forms of Christian
spirituality.
A new monthly Ladies Lunch Club has begun and now has over 40 members. We also held our second service
marking Ukrainian Independence Day and welcomed over 100 members of the Ukrainian community.

The Parochial Church Council of the Ecclesiastical Parish of St. John and
St. Martin (Beverley Minster)
Trustees Report for the Year Ended 31 December 2024
Our community engagementteam offered a diverse programme of heritage craftworkshops, most ofwhich were
sold out. The annual Christmas Tree Festival continues to grow and this year welcomed nearly 140 sponsoring
organisations. This is a great shop window for community life across Beverley. For the first time we welcomed
a successful lightshowfrom Luxmuralis. who arean annual fixture atmany Cathedrals. and this attracted several
thousand visitors.
The daughter churches at Molescroft, Tickton and Woodmansey continue to be served by good local leadership,
supported by the clergy. Numbers are still growing as part ofthe continuing recovery since the pandemic. At the
end of 2024 St Peterfs Woodmansey was preparing for the installation of a new kitchen and toilets as well as
disabled aC￿ss, and this will be delivered early in 2025. Minster 28 will provide more opportunities for the
daughter churches to benefit from some of the new activity at the Minster itself.
Overall there has been much to encourage us and we look forward to taking some of these initiatives fvrther
foward in 2025.
Financial Review
We began 2024 wth a clear image of our financial position, optimistic that day to day financial efficiency was
continuing to improve and with a budget accounting for only a small loss. Whilst the overall 2024 Financial
Statements show a loss of £50,000. our day-ttrday expenditure suggests a break-even situation compared with
a forecasted deficit of £10,000. The bulk of difference belween the day-to-day and overall situations are down
to the planned expenditure of designated funds during 2024.
During the year, the Minster bookkeeping has remained in-house, allowng for better understanding ofthe areas
needing improvement and transparency. The finances of the Daughter Churches continued to be handled by
the respective Treasurers and Finance Assistsnt, and we are very gratefvl for their continued support.
Due to operational changes, there have been significant increases in both total income and expenditure
compared with 2023 and the budget for 2024. There were two major contributors to our increasing expenditure..
Firstly, there was a significant increase in our energy bills from 2023 to 2024, predominantly arising from
a return to heating the Minster during the winter months in 2024.
Secondly, urgent work was required to make safe the Parish Hall bell tower.
These combined come to a similar value as the large donations received this year.
Also of note is expenditure of around £40,000 from previously designated ftjnds to increase administrative
support personnel.
In terms of income, increases were observed across most donations and collections, but we were particularly
thankful for a small number of large donations totalling 446,000. Our clergy, staff and volunteers are
continuously trying to modemise giving and donations by promoting contactless payments and the Parish Giving
Scheme.
We also continue to offer other methods of donation such as cash and regular and one-off gifts and are grateful
to all our givers. They represent a signfficant part of our income and we could not function without their
generosity. Furthermore, we are also looking towards securing our future with the recent Generous Living
ampaign aiming to communicate the financial needs of the Minster to our congregation.
Enterprise activity also delivered an increased revenue of -170kn compared to the budget.
We met our pledge to the Diocese for our Free Mfill Offer, sending £87,000 in 2024 - an increase on 2023, wth
a further increase planned for 2025. We aim to cover our clergy costs by 2026.

The Parochial Church Council of the Ecclesiastical Parish of St. John and
St. Martin (Beverley Minster)
Trustees Report for the Year Ended 31 December 2024
Reserves Policy
Due to the nature of the charity, its reliance on donations as income and the inerrant unpredictability of legacy
income, the trustees consider that six months forward expenditure is the minimum level of reseNes required to
cover current running costs and are comfortable wtih a level in excess of this. Current monthly running costs are
approximately £30,000. The level of free rese￿eS at 31st December 2024 is £185,279. which equates to over 6
months forward expenditure which is above the free reserves target. This policy is reviewed every quarter at the
finance committee meeting.
Investment Policy
Funds are pla￿d in low and medium risk ethical investments wtth the objecttve of receiving income. The
investment policy is to achieve a rate of retum. based on the current value of investments, of at least 10A more
than the prevailing rate on the Church of England Deposit Account.

The Parochial Church Council of the Ecclesiastical Parish of St. John and
St. Martin {Beverley Minster)
Trustees Report for the Year Ended 31 December 2024
Principal risks facing the charity
Financial risk
The day-to-day management of financial risk is delegated by the PCC to the PCC Finance Committee, and it is
this Committee that is responsible for reviewng the PCC'S annual budget. The Treasurer circulates quarterly
management accounts to the Committee. showng the financial position compared to the previous year and
budget, and a forecast outturn for the year.
Reputational risk
This can be minimised by encouraging best practice in all aspects of the Parish's management, thereby reducing
the risk of inappropriate actions which could have a damaging effect on the Parish. This extends both to staff
and volunteers, all of whom need to 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 to a separate charity, Beverley Minster
Old Fund. Of most immediate concern is the condition ofthe roofs and the east and west stained-glass windows.
There is also a need for restoration 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 Capitsl Works Board.
Structure Governance and Mana
ement
The Ecclesiastical Parish of St. John and St. Martin {Beverley 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 constitution,
but work within the framework of Church of England Ecclesiastical Law, consisting of The Parochial Church
Councils Powers Measure (1956) and The Church Representation Rules. Charitable status was received on 13
November 2009.
Committees
The Parochial Church Council meets regularfy and operates through committees which meet between full
meetings of the PCC and as necessary to conduct relevant, urgent or minor business.
Standing Committee: 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 (non-voting)
Finance Committee: advises on financial matters and gives detailed scrutiny to financial affairs
Vision Steering Group: advises on the implementation and revision of the 2021 Vision Strategy
Mission Action Committee: advises on partnerships local, national and international charities and mission
agencies
Plant and Facilities Committee: advises on property issues. manages and maintains PCC property
Enterprise Committee: has an overview of all income generation, and "OU￿￿rd facing" parts of the Minster's
life
Strategy Group for Visitor Ministry: takes an overview of all aspects of our interactions as a church with our
visitors to inform strategic planning and to enhance understanding of the sacred through the rich heritage of our
building
HR Committee: reviewstheterms and conditions underwhich staff are employed and advises on staffing issues

The Parochial Church Council of the Ecclesiastical Parish of St. John and
St. Martin {Beverley Minster)
Trustees Report for the Year Ended 31 December 2024
PCC Membership - List of members as at 31°, December 2024
Ex-officio Clergy."
Rev. Canon Jonathan Baker
Rev. Eileen Wallis
Rev. Charlie Shefford
Churchwardens
Paul Collins
Sandra Keating
Sandra King
Dawn Pollard
Wardens of the Daughter Churches
Andrew Hancock (St. Leonard's Molescroftl
Dawn Pollard (St. Peter's Woodmansey)
Kate Powell (St Paul's Ticktonl
Deanery Synod members- elected until 2026
Dawn Pollard
Eric Doyle
PCC Members elected until 2025
Mike Dent
Mellissa Dolman
Eric Doyle
Jane Ewbank
Kevin Wheeldon
Derek Kirby (c¢>optedl
EleGted until 2026
Patricia Brunt
Chris Chipperton
Rod McPhee
Sue Robson
Joyce Shaw
Elected until 2027
Lia Argentou
Catherine Drake
Matthew Leivers
Hugh Meyer
Marian Snowden
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 Chaimian..
Rod McPhee
Treasurers..
Lia Argentou (appointed 12 March 2024) and Matthew Leivers (20 May 20241
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 re*lected.

The Parochial Church Council of the Ecclesiastical Parish of St. John and
St. Martin (Beverley Minster)
Trustees Report for the Year Ended 31 December 2024
Beverley Minster Shop Ltd
The PCC is the beneficial owner of1 OOYO of the issued Share Capitsl of Beverley Minster Shop Ltd and exercises
its control through nominee directors appointed by the PCC. All profits of the Company are covenanted to, and
transferred to, the PCC for the unrestricted benefit of Beverfey Minster. The financial result of Beverley Minster
Shop Ltd is included in the PCC'S financial statements (see note 14), in accordance with the Accounting and
Reporting by Charities: Statement of Recommended practi￿ SORP (FRS 102) 2019.
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.
Vicar and Churchwardens.. 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 Churchwardens of Beverley Minster as Administrative Trustees.
3. Beverley Minster Old Fund.. An independent charity (Reg no. 224208) with an endowment established
in 1579 by Queen Elizabeth I for the maintenance of the building. Its charitable objects are.. The Repair,
restoration and maintenance of Bevedey Minster. It is managed by Independent Trustees and is not a
responsibility ofthe PCC. The PCC'S powers and responsibilities in respect of repairs and maintenance
of the historic fabric of Beverley Minster are delegated annually to the Beverley Minster Old Fund.
4. The Friends of Beverley Minster= An independent charity (Reg no. 501302). Its charitable objects are..
The preservation and adornment of Beverley Minster and the general maintenance of the Minster, its
activities and services, its omaments and fijmishings,. To make gifts to the Minster which may be
acceptable to the PCC To promote public interest in the Minster its history and its work. It is managed
by Independent Trustees and is not a responsibility of the PCC.
5. The Canon Nolloth Trust was registered wtth the Charity Commission on 12 September 1963 and is
administered by the Diocese of York.
Churchyard
The Minster Churchyard is 'closed' to further burials and under the Local Govemment Act 1972, it is now the
responsibility of East Riding of Yorkshire Council to maintain the Church's grounds. paths etc. The Churchyard
at Tickton remains open.
It is recommended that the Annual Report and Financial Statements for the year ended 31 $1 December 2024 be
adopted and approved for submission to the Annual Parochial Church Meeting. The annual report was approved
by the PCC on
and signed on its behalf by..
Rev. Canon Jonathan Baker
Chair of Trustees
Lia Argentou
Treasurer
io

The Parochial Church Council of the Ecclesiastical Parish of St. John and
St. 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 to charities requires the Trustees to prepare financial statements for each financial year
which show a true and fair view of the state of affairs ofthe charity and of the incoming resources and application
of resources of the charity for that period. In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the Charities SORP..
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed. subject to any material departures
disclosed and explained in the financial statements- and
prepare the financial statements on the going con￿rn basis. it is inappropriate to presume that the
charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose wth reasonable accuracy at
any time the financial position ofthe 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
constitution. 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.
li

The Parochial Church Council of the Ecclesiastical Parish of St. John and
St. 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 Minster)
I report on the accounts of the charity for the year ended 31 December 2024 which are set out on pages 13 to
35.
This report is made solely to the charity's Trustees. as a body, in accordance with Section 145 of the Charities
Act 2011. My independent examination work has been undertaken so that I might state to the charity's trustees
those matters l am required to state 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 forthe preparation of the financial ststements in accordance
with the requirements of the Charities Act 2011 (the 2011 Act). 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 14515}Ib} of the 2011
Act.
Independent examinerfs statement
Since the Charity's gross income ex￿eded £250,000 your examiner must be a member of a body listed in
section 145 ofthe 2011 Act. I confimi that l am qualrfied to undertake the examination because l am a member
of The Institute of Chartered Accountsnts in England and Wales, which is one ofthe listed bodies.
I have completed my examination. I confirm that no matters have come to 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
the financial statements do not comply with the applicable requirements conceming the form and
content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the account5 give a true and fair view which is not a matter considered as part of an
independent examination.
I have no concems and have come across no other matters in connection wf(h the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be
reached.
0810512025
Jessica Lawrence
Azets Audit Services Limited
12 King Street
Leeds
LS12HL
12

The Parochial Church Council of the Ecclesiastical Parish of St. John and
St. Martin {Beverley Minster)
Statement of Financial Activities for the Year Ended 31 December 2024
Note Unrestricted Restricted Endowment
funds
funds
funds
Total
Total
funds 2024 funds 2023
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other income
Total income
314,722
57.514
155,992
26.866
68,631
383,353
57,514
159,256
28.094
355,894
71,440
141,686
24,324
3,264
1,228
555.094
71.895
1,228
628.217
593,344
Expenditure on:
Raising funds
Charitable activities
Total expenditure
{49,754)
552,424
(602,178)
(25,320)
50,994
(76,314)
(75,074)
(68,878)
603,418
453,373
{678,492) (522,251)
Net incomellexpenditure)
before transfers
Transfers between funds
{47,084)
(4,419)
1,228
(50,275)
71,093
78,868
(78,868)
Other recognised Ilosses)Igains
Gainllloss} on revaluation of
investments
14
Gainllloss} on sale of
investments
Revaluation gain
Net movement in funds
Total funds brought fomard
Total funds carried
forward
5,119
439
5,558
7,713
14
(294)
5,000
6,667
602,389
609,056
5,000
(39,717)
2,233,510
2,193,793
36,903
1,357,043
1.393,946
(83,287)
274,078
190,791
78,512
2,154,998
2,233,510
20
A full comparative SOFA can be found at note 29 to these financial statements.
The statement of financial activities indudes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
13

The Parochial Church Council of the Ecclesiastical Parish of St. John and
St. Martin (Beverley Minster)
(Registration number: 1132704)
Balance Sheet as at 31 December 2024
Fixed assets
Note
2024
2023
Tangible assets
Investments
13
14
1,397,210
420,513
1,411,120
413,726
1,817,723
1,824,846
Current assets
Stocks
Debtors
Cash at bank and in hand
15
16
3,212
68,090
405.226
3,444
41,988
415,256
476,528
460,688
Creditors: Amounts falling due within one year
17
100,458
52,024
Net current assets
376,070
408,664
Total assets less current liabilities
2,193,793
2,233,510
Creditors: Amounts falling due after more than one year
Net assets
2,193,793
2,233,510
Funds of the charity:
Endowment funds
Restricted funds
609,056
190,791
602,389
274,078
Unrestricted funds
1,393,946
1,357,043
Total funds
20
2,193,793
2,233,510
The financial statements on pages 13 to 35 were approved by the Trustees, and authorised for issue .
Slgned on their behalf by=
0710512025
and
Rev. Canon Jonathan Baker
Chair of Trustees
Lia Argentou
Treasurer
14

The Parochial Church Council of the Ecclesiastical Parish of St. John and
St. Martin {Beverley Minster)
Statement of Cash Flows for the Year Ended 31 December 2024
Note
2024
2023
Cash flows from operating activities:
Net cash provided byl{used inl operating activities
28
30,231
77,105
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
28,094
(1,229)
24,324
(1,4021
4,930
(8,6751
19,177
96,282
318,974
415,256
(6,663)
20,202
(10,029)
415,255
405,226
15

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 2024
Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the
preparation of the financial statements are as follows=
Charity Information
The Parochial Church Council of the Ecdesiastical Parish of St. John and St. Martin (Beverley Minster) is a
charity registered in England and Wales (charity registration number 1132704). The correspondence address is
The Parish Centre, 38 Highgate. Beverley. HU17 ODN.
Accounting Convention
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)
(Charities SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102} and the Charities Act 2011.
Basis of preparation
The Parochial Church Council of the Ecclesiastical Parish of St John and St Martin (Beverley Minster) meets
the definition of a public benefit entity under FRS 102.
The financial statements are prepared in sterfing. vthich is the functional currency of the Charity. Monetary
amounts in these financial ststements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention, modified to include the
revaluation of investments and certain fixed assets at fair value. The principal accounting policies adopted are
set out below.
Going concern
At the time 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 borrowngs however does rety on the general goodwill ofthe
public for much of its income.
Income and endowments
Voluntary income of legacies 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 when receipt is probable and the amount can be
reliably measured.
Grants receivable
Grants are recognised when the charity has an entitlement to the fvnds and any conditions linked to the grants
have been met. Vvhere performance conditions are attached to the grant and are yet to be met, the income is
recognised as a liability and included on the balance sheet as deferred income to be released.
Deferred income
Deferred income represents amounts received for fijture 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 fijture accounting periods., or the donor has
imposed conditions which must be met before the charity has unconditional entidement.
Investment income
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the
harity., this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised
once the dividend has been declared and notificab'on has been received of the dividend due.
16

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 2024
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 constructive obligation to that expenditure, it 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 to that category. Where costs cannot be directly attributed to
particular headings, they have been allocated on a basis consistent with the use of resources, with central staff
osts 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 attracting voluntsry 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 attributable 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 it's income and gains are exempt from taxation to the extent
that they are applied for charitable purpose.
Tangible fixed assets
Consecrated pmperty and movable church furnishings
Consecrated and beneficed propety of any kind is exduded from the accounts by S.1012}la) of the Charities
Act 2011. No value is placed on movable church fumishings held by the Churchwardens on special trust for the
PCC and which require a faculty for disposal Sin￿ the PCC considers this to be inalienable propety. All
expenditure incurred in the yearon 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 buildings
The Parish Hall, Peter Harrison Room, Parish Centre and the residential property at 23 Outer Trinities were
professionally valued in February 2025 by Emma Bennett MRICS, an independent Chartered Surveyor. The
land and properties were revalued on the basis of Fair Value as at 31 December 2024.
Office 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 vffltten off to the income statements when the asset
is acquired.
17

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 2024
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 date. Realised gains and losses on
investments are calculated as the difference be￿een sales proceeds and their market value at the start of the
year, or their subsequent cost are charged or credited to 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
harged to the Statement of Financial Activities based on the market value at the year end.
Funds are placed in low and medium risk ethical investments wth the objective of receiving income. The
investment policy is to achieve a rate of retum, based on the current value of investments, of at least 10A more
than the prevailing rate on the Church of England Deposit Account.
Stock
Stocks relate to the cost of the choir and organ CD'S held by the Director of Music. Stocks are stated at the
lower 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 balan￿ sheet when the Charity becomes paty to the
ontractual provisions of the instrument.
Financial assets and liabilities are offset, wtth the net amounts presented in the financial ststements, when there
is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Trade debtors
Amounts owing to the PCC at the 31 St December, in respect of fees, rents or other income are shown as debtors
less provisions for amounts that may prove uncollectable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-temi 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 cu￿ent liabilities. rf they do not have an unconditional right, at the
end of the reporting period, to defer sethement of the creditor for at least twelve months after the reporting date.
If there is an unconditional right to defer settlement for at least ￿e1ve months after the reporting date, they are
presented as non-current liabilities.
18

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 2024
Fund structure
Unrestricted funds.. represent the funds ofthe PCC that are not subject to any restrictions regarding their use.
Funds designed for a particular purpose by the PCC are also considered to be unrestricted.
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 foryn of restricted fund where the donor has specified that only the income from the
money or asset donated can be spent. The original asset (the 'capital') cannot normally be spent. The donor of
the endowment fund specifies the use to which the income can be put. so it can be more restricted than for the
general purposes of the PCC.
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's SeNi￿S are
received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed
to terminate the employment of an employee or to provide temiination benefits.
Leases
Rentals payable under operating leases, including any lease incentives re￿ived. are charged as an expense
on a straight line basis over the term of the relevant lease.
19

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 2024
Income from donations and legacies
Unrestricted
funds
General
For the year to 31 December 2024
Restricted
funds
Total
2024
Donations
Wisitor box donations
General collections
Planned giving
Gift aid reclaimed
Donations for refreshments
Donations for prayer candles
Bequests
Grants, including capital grants
45,059
27,243
57,654
114,259
47,044
5,400
10,468
52,156
97,215
27,243
57,654
114,259
47.044
5,400
10.468
7,595
314,722
16,475
68,631
24,070
383,353
Unrestricted
funds
General
For the year to 31 December 2023
Restricted
funds
Total
2023
Donations
Wisitor 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
51,039
Income from charitable activities
Unrestricted
funds
Restricted
funds
For the year to 31 December 2024
Total 2024
Lettings
Rents
Church fees
Mission income
Sundry income
34,190
12,594
10,730
34,190
12,594
10,730
57,514
57,514
20

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 2024
Income from charitable activities (continued)
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
4. Income from other trading activities
Unrestricted
funds
Restricted
funds
For the year to 31 December 2024
Total 2024
Trading..
Donation from Beverley Minster Shop
Events income."
Concerts, events and recitals
Photography permits
Other fundraising income
20,626
20,626
118,651
2,849
13.866
155,992
118,651
2,849
17,130
159,256
3,264
3,264
Unrestricted
funds
Restricted
fvnds
For the year to 31 December 2023
Total 2023
Trading..
Donation from Beverley Minster Shop
Events income."
Concerts, events and recitsls
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
21

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 2024
Investment income and other income
Unrestricted Restricted Endowment
funds
funds
funds
For the year to 31 December
2024
Investment income
Income from dividends."
Dividends re￿1vable
Interest receivable..
Other interest receivable
Total 2024
19,798
1,228
21,026
7,068
26,866
7,068
28,094
1,228
Other income
Free Will Offer Contribution
26,866
1,228
28,094
Unrestricted Restricted Endowment
funds
funds
funds
For the year to 31 December
2023
Investment income
Income from dividends."
Dividends receivable
Interest receivable.-
Other interest receivable
Total 2023
18,964
1,402
20,366
3,834
22,798
124
124
3,958
24,324
1,402
Other income
Free Will Offer Contribution
Expenditure on raising funds
Unrestricted
funds
Restricted
funds
Total 2024
For the year to 31 December 2024
Cost of generating voluntary income
Concert and events costs
Other trading and fundraising costs
Allocated support costs
329
45.475
3,950
329
45,475
29,270
25,320
49,754
25,320
75,074
Unrestricted
funds
Restricted
funds
Total 2023
For the year to 31 December 2023
Cost of generating voluntary 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
18,294
68,878
22

The Parochial Church Council of the Ecclesiastical Parish of St. John and
St. Martin {Beverley Minster)
Notes to the Financial Ststements for the Year Ended 31 December 2024
Charitable activities
General
Restricted Endowment
funds
funds
Total
2024
For the year to 31 December 2024
Wages and salaries
Social security
Pension costs
Clergy expenses and housing costs
Visitor ministry
Youth
and
Children's
(excluding payroll costs)
Mission costs
Allocated support costs
Parish Hall and rooms
Cost of services and worship
Recruitment and training costs
Building project costs
Mission and charitable giving
Contribution to Diocese common fund
Church and minster running costs
191.646
10,527
6.107
5,378
3,329
826
191,646
10,527
6,107
5,378
3,329
826
ministry
181
18.417
46,262
12.097
1,460
2,650
2,831
18,417
46,262
12,173
1,460
76
15.889
87,000
141,401
540.520
11,904
552.424
15,889
87,000
189,669
591,514
11,904
603,418
48,268
50,994
Governance and support costs (Note 8)
Total cost of charitable activity
50,994
General
Restricted Endowment
funds
funds
Total
2023
For the year to 31 December 2023
Wages and salaries
Social security
Pension costs
Clergy expenses and housing costs
Visitor ministry
Youth and Children's ministy (excluding
payroll costs)
Mission costs
Allocated support costs
Parish Hall and rooms
Cost of seNices and worship
Building project costs
Mission and charitable giving
Contribution to Diocese common fijnd
Church and minster running costs
154.367
8,942
3.985
5.469
3,186
654
154,367
8,942
3,985
5,469
3,416
654
230
60
13.818
9,495
6.068
(3.823)
29.164
79.000
106,694
417.079
15,108
432.187
60
13,818
9,495
6,098
(3,823)
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
23

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 2024
Analysis of governance and support costs
Unrestricted fvnds
General
Restricted
funds
Totsl
2024
Accountancy and Independent examination
Other governance costs
6,182
5,722
11,904
6,182
5,722
11,904
Unrestricted funds
General
Restricted funds
Total
2023
AGGountancy and Independent examination
other governance costs
13,775
1,333
15.108
13,775
1,333
15,108
Net incomel{expenditure)
Total
2024
Total
2023
This is stated after chargingl(crediting)
Independent examinerfs fees
Depreciation of fixed assets
3,000
24.288
2,760
22,710
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 to be the key management of the charity.
11. Staff costs
The aggregate payroll costs were as follows=
Total
2024
Total
2023
Staff costs during the year were
Wages and salaries
Social security costs
Pension costs
193,660
10,488
5,366
209,514
154,367
8.942
3,985
167,294
The average number of persons (including senior management team) employed by the charity during the year
were as follows..
Total stsff
2024
No.
12
2023
No.
10
No employee received emoluments of more than £60,000 (2023- no employee) during the year.
24

The Parochial Church Council of the Ecclesiastical Parish of St. John and
St. Martin {Beverley Minster)
Notes to the Financial Ststements for the Year Ended 31 December 2024
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 Charty is potentially entitled 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
Fumiture and
equipment
Total
Cost
At 1 January 2024
Additions
Revaluation
Adjustments
Disposals
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
Disposals
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
1,140,000
468,398
6,663
1,608,398
6,663
5,000
(1,284)
5.000
{1,284)
1,145,000
473,777
1,618,777
197,278
24.289
197,278
24.289
221,567
221,567
1.145,000
1,140,000
252,210
271,120
1,397,210
1,411,120
The value of unrestricted freehold property included above is £630.00012023- £630,000).
Revaluation
The fair value of the Charity's land and buildings was revalued on 10 February 2025 by Emma Bennett MRICS
a chartered surveyor, an independent su￿eyor. to provide valuations as at 31 December 2024. The nexi
revaluation is due in 2029.
Had this class ofasset been measured on a historical cost basis. the carrying amountwould have been £917,500
{2023 - £917,500).
The company's land and buildings include the Parish Hall (including the Emmaus Room), Peter Harrison Room,
Parish Centre and 23 Outer Trinities.
Changes in valuations are shown as unrealised gains or losses. which are respectively credited to or charged
within the Statement of Financial Activities (SOFA).
25

The Parochial Church Council of the Ecclesiastical Parish of St. John and
St. Martin {Beverley Minster)
Notes to the Financial Ststements for the Year Ended 31 December 2024
14.
Fixed asset investments
Investment in
Subsidiary
Quoted
Investments
Total
Cost or valuation
At 1 January 2023
Revaluation
Disposals
Additions
Adjustment in respect of prior period
At 31 December 2023
Net book value
At 31 December 2024
At 31 December 2023
25.000
388,726
5,558
413,726
5,558
1,229
1,229
25.000
395.513
420,513
25,000
25,000
395,513
388,726
420,513
413,726
Investments which are included at their market value as at 31 December 2024 have a historic cost of £335,288
{2023 - £334,060).
2024
2023
Interest received from Bank and other Deposit Accounts
Dividends received from PCC investments
7,068
19,797
26,865
3,958
18,964
22,922
The investments earned a gross rate of retum on market value of
3.33%
3.27°
The PCC receives haff the income from the Estate of Grace Farrar de￿ased, but does not hold or control the
investments, which are administered by the Diocese of York. The total value of the investments was £378,767
which generated a total income of £12,600 (2023- £11,864} a retum of 3.33 % (2023- 3.27 %). The income was
divided equally be￿een the PCC and Bevedey Minster Old Fund.
Details of undertakings
Details of the investments in vthich the charity holds 20°A or more of the nominal value of any class of share
capital are as follows=
Undertaking
Country of Holding Proportion of voting
incorporation
rights and shares
held
Principal activity
Subsidiary undertakings
Beverley Minster Shop Limited
(company number 04103161)
England and Ordinary
Wales
100%
Other retail sale of new
goods in specialised
stores
The profit for the financial period of Beverfey Minster Shop Limited was £20,626 12023.. £24,593) and the
aggregate amount of capital and reserves at the end of the period was £25,000. The Beverley Minster Shop
Limited profit of £20,626 was donated to Beverley Minster.
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 2024
15. Stock
2024
2023
Stocks
3,212
3,444
16. Debtors
2024
2023
Trade debtors
Prepayments
Accrued income
VAT recoverable
Other debtors
25,963
1,075
20,454
1,026
8,824
32,228
68,090
3,322
17,186
41,988
17. Creditors: amounts falling due within one year
2024
2023
Trade Creditors
Accruals
Deferred income
Social security and taxes
Other creditors
Agency collections
10.122
49,537
13,025
(1,447)
22,253
6,968
100,458
9,632
28,480
300
2,179
3,720
7,713
52,024
2024
2023
Deferred income at 1 January
Resources deferred in the period
Amounts released from previous periods
Deferred income at 31 December
300
13,025
{300}
13,025
200
300
1200)
300
27

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 2024
18.
Pension 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.
CWPF has two sections..
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 balance sects'on known as Pension Builder 2014.
Pension Builder Scheme
Both sections of the Pension Builder Scheme are classed as defined benefft schemes.
Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a
deferred annuity during employment based on terms set and reviewed by the Church of England Pensions
Board from time to time. Discretionary increases may also be added, depending on investment returns and
other factors.
Pension Builder 2014 is a cash balance scheme that provides a lump sum which members use to provide
benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary
bonuses may be added before retirement, depending on investment retums and other factors. The account,
plus any bonuses declared is payable, unreduced, from age 65.
There is no sulTrdivision of assets belween employers in each section of the Pension Builder Scheme.
The scheme is considered to be a multi*mployer 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 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 payable {2024: £6,107, 2023.. £3,985).
A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation
was carried out as at 31 December 2022.
For the Pension Builder Classic section, the valuation revealed a surplus of £34.8m on the ongoing
assumptions used. At the most recent annual review effective 1 January 2025, the Board chose to grant a
discretionary bonus of 6.7.￿ to both pensions not yet in payment and pensions in payment in respect of
seNice prior to April 1997., and a bonus on pensions in payment in respect of post April 2006 service so that
the pension increase was 2.70h (where usually it would be calculated based on inflation up to 2.50/0). This
followed improvements in the funding posits'on over 2024. There is no requirement for deficit payments at the
current time.
The next valuation is due as at 31 December 2025.
For the Pension Builder 2014 section, the valuation revealed a surplus of £8.5m on the ongoing assumptions
used. There is no requirement for deficit payments at the current time.
The legal structure of the scheme is such that rf another employer fails, Beverley Minster PCC could become
responsible for paying a share of the failed employerfs pension liabilities.
28

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 2024
19. Commitments," Operating leases
In July 2024 the Minster entered into a lease agreement with Konica Minolta for the lease of a printerlcopier.
The lease will run for 5 years.
The total value of future minimum lease payments was as follows:
Expiry date:
2024
2023
Under 1 year
In to five years
Total
1,508
5,278
6,786
20. Funds
Balance at
1 January
2024
Income
Expenditure Transfers
Other
recognised
gainsl(losses)
Revaluation
Balance at
31
December
2024
For the year to 31
December 2024
Unrestricted funds
General
Designated
Unrestricted funds
Restricted funds
Endowment funds
953,309
403,734
1,357,043
274.078
602.389
555.094
(602.178)
78,958
90
(602,178)
78,868
(76,314) 178.868)
5,119
990,302
403,644
1,393,946
190,791
609,056
555,094
71.895
1.228
5,119
5,439
Total fvnds
2,233,510
628,217
678,492
10,558
2,193,793
Balance at
1 January
2023
Income
Expenditure Transfers
Other
Balance at
recognised
31
gainsl(losses) December
Revaluation
2023
For the year to 31
December 2023
Unrestricted funds
General
Designated
Unrestricted ￿ndS
Restricted funds
Endowment funds
893,030
403,079
1,296,109
260,908
597,981
538.054
90
538.144
53.798
1,402
(482.771)
583
565
1,148
{1,148)
4,413
953,309
403,734
1,357,043
274,078
602,389
(482.771)
(39,480)
4,413
3,006
Total funds
2,154,998
593,344
522,251
7,419
2,233,510
29

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 2024
Funds {continuedl
Balance at 1
January
2024
Income
Expenditure Transfers
Other
recognised
gainslllosses)
Irevaluations
Balance at 31
December
2024
For the year to 31
December 2024
Unrestricted fvnds
General
St Peter's General fund
St. Leonard's General fund
Minster General fund
Tickton LEP General fund
80.716
36,463
831,015
5,115
953.309
19,133
27,050
490,549
18,362
555.094
{14.552)
(23,198)
{533,888)
30,540
{602,178)
90
85,387
40,315
798,494
66,106
990,302
5.699
73,169
78.958
5,119
5,119
Designated
Assistant Director of Music
Minster Development Fund
St Peters Garden Project
565
403.079
90
403.734
565
403,079
90
90
403,644
Total unrestricted funds
1.357.043
555.094
602,178
78,868
5,119
1,393,946
Restricted Funds
Dorcas Fund
Community Connections
Project
Minster Bells Fund
Alpha Course
John Cooper Melling Fund
Organ Fund
Tickton Development Fund
Volunteer & Hospitality
Fund
Youth and Children Fund
Music & Choir Fund
Lighting Project Fund
Choral Foundation
Gardeners Fund
Tickton (Naylor Trust Inv)
787
11,590
787
13,756
14,864
{12,698}
771
34,988
5,100
80
330
{35,759)
(2.649)
2.451
3,931
149,332
3,851
156.696
73,169
15,697
(7.694)
(73,169)
(482)
15,215
5,699
251
4,815
5,325
443
(5,699)
251
(4,815)
{12.217>
11.178
4.286
443
339
339
Total restricted funds
274.078
71,895
{76.314> (78,8681
190,791
Endowment Funds
Total Endowment funds
602,389
1,228
5,439
609,056
Total Funds
2.233.510
628.217
678,492
10,558
2.193,793
30

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 2024
Funds {continued)
Balance at 1
January
2023
Income
Expenditure Transfers
Other
recognised
gainslllosses)
Irevaluations
Balance at 31
December
2023
For the year to 31
December 2023
Unrestricted funds
General
St Peter's General fvnd
St. 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
{22,280)
{10,207)
(434,783)
15,501
482,771
(200)
7,675
(6,682)
210
583
80,716
36,463
831,015
5,115
953,309
4,413
4,413
Designated
Assistant Director of Music
Minster Development Fund
St Peters Garden Project
565
565
403,079
90
403,734
403,079
90
90
403,079
565
Total unrestricted funds
1.296,109
538.144
482,771
1,148
4,413
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
Assistant Director of Music
Choral Foundation
Tickton communty
Tickton (Naylor Trust Inv)
851
40
20,035
(104)
(8,445)
787
11,590
11,780
{11,009)
771
2.175
(2.175)
3,851
2,244
3,851
156,696
73,169
15,697
166,872
79.027
(6,885)
(2.929)
{303)
(5,535)
(2,929)
16,000
5,783
(5,783)
{565)
565
10,918
500
10,065
(9,805)
11,178
{500)
339
339
Total restricted funds
260,908
53,798
{39,480)
(1,148)
274,078
Endowment Funds
Total Endowment funds
597.981
1,402
602 389
Total Funds
2.154,998
593.344
522,251
7,419
2,233,510
31

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 2024
Funds {continued)
For the year to 31
December 2024
Balance at 1
January
2024
Income
Expenditure Transfers
Other
Balance at
recognised
31
gainsl(losses} December
2024
Endowment funds
Investment Endowment
Music Endowment
Property Endowment
Total endowment funds
70,069
22,320
510,000
602,389
333
106
5,000
5,439
70,402
23,654
515,000
609,056
1,228
1.228
For the year to 31
December 2023
Balance at 1
January
2023
Income
Expenditure Transfers
Other
recognised
gainslllosses)
Balance at 31
December
2023
Endowment funds
Investment Endowment
Music Endowment
Property Endowment
Total endowment funds
65,315
22,666
510,000
597,981
4,754
(1,748)
70,069
22,320
510,000
602,389
1,402
1,402
3,006
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, financed 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, its communty 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 to
provide funding. This fund holds the contributions received. less invoices paid, to date.
John Cooper Melling Fund= In previous years this was reported as an Independent Trust. During 2023,
following discussions with the Melling family. the balance was transferred to the PCC account as a restricted
fund, to be administered by the Incumbent and Youth Minister. It is still to be used for Children's and Youth
Ministry projects at Beverley Minster that fall outside the regular expendtture and salary covered by other
Youth and Children Funds held wthin the PCC accounts.
Organ Fund." A fund established to maintain the Minsterfs organ, which requires regular tuning and a major
refurbishment every 25-30 years.
Volunteer and Hospitality Fund= This was set up to manage a restricted donation received in 2022. Funds are
available to ensure that the invaluable work of our volunteer5 is recognised and so that hospitality can be
provided at specified significant events. The restnction includes conditions as to the amount that can be spent
each year.
32

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 2024
Choral Foundation.. A fund set up to allow choristers at the Minster to access instrumentsl lessons irrespective
of their financial circumstances. Following support from the Friends of Bevedey Minster, an initial grant was
received from the Deflog Foundation in 2022, with further funding from them in 2023 and 2024.
21. Analysis of net assets by fund
As at 31 December 2024
Tangible fixed assets
Investments
Net current assets
Lon
term liabilities
Unrestricted Restricted Endowment
Total
882,210
515,000 1,397,210
25,000
94,056
420,513
486,736
376,070
301,455
(110,664)
1.393,946
190,791
609,056 2,193.793
As at 31 December 2023
Tangible fixed assets
Investments
Net 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
(95.428)
408,664
1.357,043
274.078
602,389 2,233,510
22. Connected Per30ns - Members of the PCC
During 2024 the clergy received the following=
2024
2023
Accommodation costs
4,319
4,319
2,843
2,843
There were no other related paty transactions in the year.
23. 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
24. 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 10 under the heading Independent
Trusts.
25. Property Insurances
All our properties are insured with Ecclesiastical Insurance. viith policies covering the following=
Minster, Parish Hall. Peter Harrison Room
Minster boilers. lrfiing equipment, wiring
Parish Centre
23 Outer Trinities
St. Peter's Woodmansey
St. Leonard's Molescroft
The Church in Tickton LEP
33

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 2024
26. 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 Minsteff s income.
These collections are held in separate agency accounts from the time of collection until such time as the funds
are disbursed. It is the PCC'S aim to make payments as soon as possible, allhough in the case of some funeral
collections the family's instructions may not be immediately available.
The balances on these accounts are shown below:
2024
2023
Collections for others
Friends of Beverley Minster
Funeral Collections
3,594
147
3,227
6,968
6,388
778
547
7,713
27. Accounting For Financial Interaction with The Beverfey Minster Old Fund
There are a number of agreed financial a￿angeMentS between the PCC and the Beverley Minster Old Fund.
These relate to the income from and cost of running roof and ground floor tours, the visitor box donations, the
heating charges and the insurance premiums.
34

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 2024
28. Net Cash (Used in) Operating Activities
2024
2023
Net movements in funds
Lossesl(gains} on fixed asset investments
Gain on revaluation of tangible fixed assets
Income from investments
Depreciation
Other adjustments
{InGreaselldecrease in stocks
{Increaselldecrease in debtors
Increaselldecrease) in creditors
Net Cash provided byl{used in) Operating Activibes
(39,717)
(5.558}
(5,0001
(28,094)
24,289
1,284
232
(26,102)
48,435
30,231
78,512
17.4191
(24,324)
22,710
386
91
19,603
12,454
77,105
29. SOFA For the Year
ended 31
December 2023
Unrestricted Restricted Endowment
funds
funds
funds
Total
funds 2023
5t
Income and Endowments from:
Donations and
legacies
Charitable activities
Other trading activities
Investment income
Other income
Total income
304.855
51.039
355,894
71,440
139,051
22.798
71,440
141,686
24,324
2,635
124
1.402
538,144
53,798
1,402
593,344
Expenditure on:
Raising funds
Charitable activities
Totsl expenditure
(50,584)
432,187
(482.771)
{18,294}
21,186
(39.4801
(68,878)
453,373
(522.251 }
Net (expenditure)
before transfers
Transfers be￿een
funds
55.373
14.318
1.402
71,093
1.148
(1.148)
Other recognised gainslllosses)
Gainllloss} on
revaluation of
investments
Gainllloss} on sale of
investments
Net movement in
funds
Total funds brought
fotward
Totsl funds carried
forward
4.413
3,300
7,713
(294)
(294)
60,934
13,170
4,408
78,512
1.296.109
260.908
597,981
2,154,998
1,357,043
274,078
602,389
2,233,510
35