2023-12-31-accounts

REGISTERED COMPANY NUMBER: 12120938 (England and Wales) REGISTERED CHARITY NUMBER: 1185773

Two Churchè$ On• Town Cont•nt• of th• Financlal Stat•m•nts for tho year end•d 31st D•c•mb•r 2023 Pag• Rofer•nc• and Admlnlstr•tlvo D•tall• Roport of th• Tru8to0• 3 to 5 R•port of lh• Ind•p•nd•nt examln•rn Stat•m•nt ol FlnAncS•l Artlvttl Balanc• Sh••t Not•• lo th• Flnanclal Stst•m•nts 9 10 14

Two Churche8 One Town Raf•ronco and Admini•tratlv• Details for th• y•ar 8nded 31st DoC0mber 2023 TRUSTEES Rev.Canon J W Baker Mr T J Carlisle Mr K Gilsen18ppolnted 1 July 20231 Mr D R KSlburn Rev R A Lumley MrALMaTr Mr R l Trhvn8pnrt COMPANY SECRETARY W A FI￿8r (Resigned 30 September 20231 Rollils LLP, Clladel House. 58 High Street Hull HU1 1QE (Appolnlod 1 October 20231 REGISTERED OFFICE Rolllls LLP. Ci18del House, 58 High Streal Hull U1 1QE REGISTERED COMPANY NUMBER 12120938 (England and Wale5) REGISTERED CHARITY NUMBER 1185773 INDEPENDENT EXAMINER Smalles Goldig Chartered AeLounlan18 Regent's Court Prlncess Street Hull East York5hife HU2 88A BANKERS Sanlander UK PLC 6-8 King E￿ard Street Hull East Yorkshire HU1 3SS SOLICITORS Rolllls LLP Ciladel House, 58 High Street Hull HU1 1QE Page 1

Two Churchè* On• Town R•f•r•nco and AdmlnlBtratlvo 00ts118 for th• y•ar •nd•d 31st D•combgr 2023 ADVISERS Archltecl-. Andy Burrell Architecture Ltd 169 Weslem Road Ha￿ardS Heath We81 Sussex RH16 3LH Suryeyor8.' Tumer end Holman 7 The P8ddock Fangfoss York Y041 SSH SuNeyors'. Brundell Wodlty Ltd The Terrace Granlham Street Lincoln LN2 1BD Page 2

Two Churches One Town port of tho Trust••S for th• y•ar end•d 31st Decamber 2023 The tnjstees who are also dirgclors of the charity for the purposes of the Companies Act 2006. present their report with Ihe financlal statements ol the charity for the year ended 31st December 2023. The trLJslees have 8dople(I the provisions of Accounting and Reporting by ChaTilies'. Statement ol Recommended Practice applicable lo charib'es preparing Ihwr accounts In accordance with th8 Fin8n¢ial Reportlng Standard applicable In the UK and RepulJic of Ireland IFRS 1021 (8ffeclive 1 January 20191. OBJECTIVES AND ACTIVITIES Objectlves and alm¥ Our Charity's purposes as sel out In the objec15 contained in the company's Artlcles Df A&8oeiatlnn Ar8.. 1) lo preseN8 for the public benefit Ihe churches known as Beverley Minster and St. Mary's Church. Boverlay 21 the advancement of educallon of the public by.. the PTomolinn nf thp. e,hiirr.hp.s pl8ces of herflag8 lacililallng an improved understanding Df the herilagc the provlsion lor thè dev8lopmenl of skills 31 the pfomolim of the arts lor the publlc ben8fil in 8everley and the surroundina area. The aims of our ch8rlty are lo rescL and keep sale fcrf all, Beverfey Minster and Sl. Mary's Church and lo nurture and gr￿￿1 Ihe uniou8. lasling linitg of Hérltaga, Muslc and LLcirriiiiy Ilidl biiid Ili¥ Iwu G'liurclies aiid the lowr. The Iruslees In maklng deci￿On8 about wh81 the chartty has ejone durlng the period to carry out these purposes for the bllc benefit have had due regard lo the Charfly Commlsslon's publlc benefit guidance when exerclslng any powers or duiies lo which the guidance is relevant. b) Enjurlng our work dellvors our olme We review our alms, objectives and acllvllles each year. Thls revlew looks Al ￿81 we 8chleved and the outcomes ot our work during 2023. The revigw looks 81 the success ol each key activity and the benefits each one has brought to those groups of people we are committed lo help. The review 81so helps us lo ensure our 81ms. obleclives and adlvllies rernained focused on our Staled purposes. We have referred lo the guidance contained In the Charity Commi5SIDn's general guidance on publlc b8nefll when revlewing oui aims and objectives And in planning our lulure 8ctivilles. In PBrtlcular, the trusteès consider how plann8d activities wll contribute lo the alms and oblectlves Ih8y have sel, Th• focu• of our work Our main objecyves durlng the perlod wgre securing lund5 for the reslor81ion work al 8everley Mlnsler and Sl. Mary's Church, Beverlgy and facllilallng ways and means to grow and devebp the links of Herllaoe, Music and Le8rning. The slralagies we have us8d lo meet these objeelives indude.. ProduLyng a film to assist with allracting donatlons from oranl maklng trusts and indivlduals Securing the servlces of 8 professional fund raislng team lo deliver fundlng for the reslorallon work. developing 8nd dellvertng ways of inlerprgllng the buildin9s, Ihelr role, story and the herilage throuoh Ilnks wilh historian5 based in Beverley. fadlilatiro concerts and events lo place Beverfey as a fcK81 point of the mu51cal lile of the reglon. During ihe year Two Churches One Town recelveil B Civic Award from Beverley T¢)wn Councll on becoming a Partner. In July 2023 0 highly 8uccessful charity auth'on was OTgani8ed by H￿￿ey$ Auctioneers raising over £39,000 for the harily with regional Media interest induding lelevlslon coverage. Public b•neflt We will deliver public benefit by saving this priceles5 heritage and keeping the buildings open for everyone and sale and free lo visit. The IAlnsler need5 essential repairs to the leakin9 roof arml windows. Sl. Mary's needs urgent repair5 to ils slongwork. The current resloralion project lo preseNe the heriloge wll cost £20 million over a len year period. The restoration will enable us lo preselve and grow the music and learning opportunities flowing from the buildings. We were successful in Ihe year in attraoling donations from grant making trusts and fr¢)m indivbduals. We continue lo update our websS18. which expl8ins our activities lo our stakeholders.. www.bev&leyiwo¢hurche5.co.uk. The website enables people lo volunteer and to make a donalkjn. Page 3

Two Churches Ono Town Roport of the Trustse8 for th• y•ar •ndad 31st D•combgr 2023 OBJECTIVES AND ACTIVITIES Public bon•fit- contlnued We could not have achieved this success wilhoul the sup￿1 of our trustees, offlcers, friends and volunteers and I would like lo record our &ncere thanks lo them all. FINANCIAL REVIEW Financial positlon The charity has generated loial income of £128,94712022. £78,328> and funds tolalled £170,411 al 31st Oecember 2023 12022." £98, 193}. The Iruslees consider the financial position of the charity al the end of the year lo be acceptable. In addition lo the income recognlsed In these flnanclal slalemenls, the charlly algo 8ss15ts in the appllcallons for grants on bèhalf of the PCC'S of the relèvant church". Sl Mary's or the Minster. The conlraclual relallonship lor such gr8nls IS between the Donor and the PCC of the relevant church." Sl Mary's or the Minster. The fund6 secured were paid directly to the specific PCC and therefore 8re not induded in these financial slalements. R•Mrv•• pollcy This is the reserves policy for Two Churches One Tcvwn I'TCOT"). This policy has been dr8lled after considering Charity Commlsslon guldance 'charily reserves.. building resilience ICC191', published in January 2016. This guidance was revlewed and upd8led by the Ch8rtly Comml8slon In Ils paper 'ch8ri1y reserves policies.. demonslr81ing and building resllience,, published in November 2018. TCOT was est8bllshed in July 2019 and this 58 the Reserves Policy th8 Iruslees have adopted since that date. 11 Is the Iruslees, inlenbon lo hold sufficient resoryes lo undertake an orderly wlndlng up of the charity should Ihls become necessary. Some monies raised by TCOT are reslricle¢J funds sèl aside lo meet agreed future distribullon. such as the reslorallon projects pr¢vlously 8greed, This policy will consider the reserves of unreslricled funds lo be held and therefore designated funds are exduded. The polbcy wlll be revlewed 8nnu8lly and was last reviewed In April 2023. Funds Unr•*trict•d fvnd• r•s•ry• On 31 sl December 2023 unrestricted fund8 were £134.918. Two Church86 One Town ITCOTI doe8 not own any fix•d assets. The trustees h8v& agreed lo sel a8ide £5.000 of unreslricled funds as a future reBerve. This amount is considered lo bo sufflclenl lo meet TCOT'S oulslanding Ilabililies, should il cease Ils activits8S. Re8trlct•d funds r•Mrv• On 3151 D￿e￿tser 2023 reslricl¢d funds were £35,493. These fund8 represent donation$ received 8peciflc8lly reslrbcted to the Individual Churches as Indicated In nolg 11. After considering the Ch8rily Commission's guldance, the Iruslees do not conslder Ihal leslrlcted funds should be held In reserve lor the long lem future. Should TCOT cease trading. the trustees will use Ihelr b991 endeavours lo dlslribule re81ricled furKls ￿thOut undue delay. Investm•nt of r•up49$ Reserves of unrestricted funds will be held In an interest bearlng account with not more than one month's wilhdr8wal notice. This account will be held with TCOT'S bank. currently Sanlander PLC. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng do¢um•nt The organisation is a chaiilable company Ilmiled by gu8r8nlee, incorporated on 24th July 2019 and ￿gIStered as a charity on 14th October 2019, The company was estsblished under a Memorandum of Association which eslabllsh8d the cblects and powers of the ch8rltable company and is governed under ils Articles of Association. Page 4

Two Churches One Town Rèport of the Trustee8 for the year end•d 31st Docombgr 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Recrultm•nt and appolntrnènt of now Iru8t•o8 The directors of the company are also charity trustees for the purposes of charity law. In selecllng individuals for 8ppolnlment as ¢harSty Iruslees, the trustees will have regard to the skills, knovAedge and experionce needed for the effective administration of the charity. hlr Keith Gilson w8s appointed as 8 Trustee with effect from 111 July 2023. All other Iruslees were in office throughout the yoor. One third lor the number nearest one Ihlrdl of Iruslees, other than the ex-officio Trustees, musl relir8 al each annual trustees, meellng. Ihosg longèst in offlce relirlng first and the cholce between any ol 8ouAI Serv￿.6 being mado by dr8wing lols. Mr D R KSlburn and Mr R l Townsend ￿11 therefore retire 81 the 8nnuBI trustees meeting lo be held on 16 Aprll 2023 and bang 81iglble, offer themselves for releclion. All truste88 glve thelr tlme volunt8ri1y and receive no benellls from the company. Organisalional structur• The charity operates wllh a lull Ilme Dlreclor of FundraSslng o part Ilme He8d of Grsnls, a volunleer team lookbng alier the L88mlng. Music and Herltage segments, and one in finance. The role ol company secretary Is outsourced lo Rolllts LLP. Rlsk man•g•mant Thp Irii%lo8 have conducted a ￿vIeW of th8 malor risks lo whlch the charlly Is exposed. A rlsk fegisl8r has been 88labli5hed and will reviewed annually. The next annual revlew Is due In September 2024. Where appropriate. system¥ or procedures wlll bè establlshed lo mlugale the risks the charSly faces. STATEMENT OF TRUSTEES. RESPONSIBILITIES The Iruslee8 (who are also the dlreclors of Two Churches One Town lor th8 purposes of company lawl are responsible for prep8rlng the Report of the Trust99$ and the financial slalemenls in accord8nce with applicable law and United Klngdom Accounung Standards Iuniled Kingdom Gener811y Accepted Accounting Practice} induding Flnanclal Reporllng Standard 102 "The Financi81 Reporting Slandard appllcable In Ihe UK and Republlc of Ireland". Company law requlres the Iruslees lo prepare financial slalemenls for each fin8nclal year whlch give a true and falr vlew ol the slate of affairs ol the charitable company and ol the Incoming resources and application of resources, Including the income and expendllure. ol the charllable company for Ihal perlod. In preparing those linanrial slalemenls, the Iruslees are raquired lo., select suitable accounting policies and then apply Ihern eonslslenlly; observe the rnelhods and principles in the Ch8rily SORP., make judgements and eslimales th81 are re8sonable and prudent., prepare the financial statements on the gving concgm basis unless il is Inapproprfate lo presume that the ch8rltable company will conilnug in busines5, The truste95 arè respon8lble for keeping proper accounting rewrds whiL*) disclose with reasonable accuracy at any time the 1Snancial position of the charllable company and to enable them lo ensure that the financial s181emenls comply with the Comp8nies Act 2006. They are 81$0 responsible for safeguarding the assets ol the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregtjlarllies. Approved by (xder of the board of trustees on 16 April 2023 and signed on its beham by.. Mr T J C8rlisle- Trustee Page 5

Report of the Independent Examiners to the Members of Two Churches One Town

Independent Examiner's Report to the Trustees of Two Churches One Town

I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31st December 2023 which are set out on pages 7 to 15.

Responsibilities and basis of report

As the charitable company’s trustees (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’) and Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the charitable company are not required to the audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charitable company’s accounts as carried out under section 145 of the Act. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the charitable company as required by section 130 of the Act or by Section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements of Section 396 of the 2006 Act 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; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Stephen Bramall BSc., FCA for and on behalf of Smailes Goldie Chartered Accountants Regent's Court Princess Street Hull East Yorkshire HU2 8BA

16 April 2024

Page 6

Two Churches One Town Stat•m•nt of Flnanclal Activiti95 for th• yo•r and•d 31st D•cembèr 2023 Year gndod Year ended 2023 2022 Total Total funds funds Unrestr￿18d funds Reslricled funds INCOME AND ENDOWMENTS FROM Dongtions and Grants 87,353 122.037 77,025 Investment Income 6.101 Total 93.4S4 35,493 128.947 78,328 EXPENDITURE ON Charltabl• •clSvities SupkX)rl Lust¥ Cthurch preseNallon 31,729 31.729 25,000 12.359 25,000 Total 31,729 25,000 56.729 12,359 NET INCOMEIIEXPENDITUREI 61,725 10.493 72,218 65,969 Tr•n•l•rn b•lw••n fund• N•t mov•mont In funds 61,T25 10,493 72.218 65.969 RECONCILIATION OF FUNDS Total funds brougm forwwd 73,193 25,000 98.193 32,224 TOTAL FUNDS CARRIEO FORWARO 134918 170411 The notes form p8rt of these financial ststemenls Page T

Two Churches Ono Town (Reglstered number: 12120938) Balance Sh••t 31st Docombar 2023 2023 Totsl funds 2022 Tot81 funds Unreslrfcled funds Restr￿ted funds Noley CURRENT ASSETS Prepayments and accrued Sncome Cash al bank 551 139.772 140,323 551 175.265 175,816 2.787 107,8C6 110,593 3S,493 35,493 CREDITORS Amounts falling due wllhln one year 10 15,405) 15,405) 112,4001 NET ASSETS 134 918 170 411 98.193 FUNDS Unfeslricled funds.. General fund Designated fund- Future Reserve 129,918 68,193 134918 73.193 R8slrfGted funds.. Beverley Mlnsler Nave Roof Ph88e 2 8eveTley Minster Specific Funds St Mary's sp￿lfiC Funds 25,000 29.949 TOTAL FUNDS 170 411 98,193 For the nnancl81 year In quesllon the charllable company waB entitled lo exempllon undar 477 of the Companle8 Act 2006 relating lo sm811 companies. No members have required the charilgble wmpany lo obtain an audll of Its accoun15 lor the year in question In aceLJrdancg with section 476 of the Companies Act 2006. The Iruslees acknowledge their responsibllily for complylng wSth the requlremenls of the Act with rgspect to accounting rècords and for the prgpar811on of accounts. These f￿nancial slalemenls have been prepared in accordance ￿th the provlslon8 appllcablè to charltable comp8nlg5 subject lo the small companies. regime. The financial slalements were approved by the Board of Tnjslees aulhorlsed for Issue on 16 Aprll 2024 gnd were signed on ils behalf by.. Mr J Carlisle- T The notes forni part of these financial statements Page 8

Two Churchesone Town Not•9 to th• Flnanclal Stat•rn•nts for th• year ond•d 31st December 2023 ACCOUNTING POLICIES Basls of pr•p•rlng th• financial stat•mants The finanryal slalemenls of the Charity. which is o public benelil enlily under FRS 102, have been prepared in accordance wlh thg Charities SORP IFRS 1021 'Accounling 8nd Reporting ty Charities.. Ststement of Recommended Practice applicable lo chari1185 preparing their accounts in a¢xofdance with the Flnanclal Reporting Standard applicable in the UK and Republlc of Irelond {FRS 1021 leffectlve 1 January 20191,, Financlal Reporting Standard 102 The Fin8nci81 Reporting S18ndard applicable in the UK and Republic ol Ireland, and the Charities Act 2011. The financial ststemenls have prepared under the historical cost convention, with th8 8xcepllon of inveslrnenls which are included al market value, as modlfbed by the revaluation of cert8in assels. The Iruslee" Consider th81 there are no materigl uncertainlles about the Charlty's abillly lo ¢onlIn￿9 as ki goin9 concern. Incom• r•wgnition Income is measured al the fair value of the conslderallon recglved or raceiv8ble. The pollcles adopled for the recognillon ol income are 8s lollows.. Income from donations. government 8nd other grants. whether c8pllal or revenue, Is Tecognlsed when the ch8rlty has enlillemenls lo the funds, any performance Gonditicns allached lo ihe grants have been rnel and il is probable that the Income will be recelved and the amounl can be me8sured rellably. Exp•ndllurg LiAbililie5 aro rocogniscd as expendIlu￿ as soon 88 there is a legal or con81ruellvè oblloallon commlttlng the chorily lo that exp&ndllure, 11 Is probable that a Iransler ol economic bgnelils will be required in selllemenl and the amount ol the oblSgalion can be measured rellably. Expenditur8 is accounted for on an accruals basis and has bean classified under headinos that aggregate all cosl re181ed to the category. All expenses Includlng support costs and governance costs are allocated lo the appllcable expendllure he8dlng. Gfanls offered sublacl lo condlllons vthlch have not b6èn mel al the year end dale are noted as a commllment bul nol accrued as expenditure. Allocallon •nd apportlonm•nt of Support costs have been 8lloc8led bglween #dmlnislralion and governance costs. Govern8nce costs comprise all costs involvlng Ihe public accounlablllly ol the charrty ansy ils eompliance wlh regulation and good pr8cIi such as Costs reloled lo bookkeeplng and Independent ex8mlnallon leos. There has been no apporlionmenl of costs. Taxatlon The charity Is exernpl from eorporalion lax on its Charitable actlvllles. Fund •¢countlng Unre8lricletJ funds can be used In acenrdance with the chari18ble oblectlves at the discrellon of the trustee¥. Reslrlcled funds can only be used for particular reslricled purposes wilhln the objects of the ch8rlty. Reslricllons arise when specifi&J by the donor or when funds 8re raised for P8rticular reslrlcted purposes. Further explanation of the nature and purpose of each fund is inrluded in the notes lo the financAal slalemenls. D9btors and cr•ditorn recoivabl•lpayable within one yoar Debtors and creditors with no staled interest rale and 8re rece￿able or payable wllhln one year are recorded at transactbon price. Any losses arising Irom Impalmienl are recognised In the slalemenl of financial activities allocated lo the appr¢x)riale heading. Page 9 continued...

Two Churches On• Town Notas to tho Flnanclal Ststom8nts- contlnued for th• y•ar •nd•d 31st D•c•mbgr 2023 DONATIONS AND LEGACIES 2023 2022 DonallLMS Grants 120,837 70,825 122,037 Grants re￿iVed. Included In the above. are a8 follows.. 2023 2022 0011 for East Yorkshire grant Beverley Town Council grant 5,000 INVESTMEpif INCOME 2023 2022 Bank ￿K¥Unt intere81 CHARITABLE ACTIVITIES COSTS Granl funding ol 8cllvllies {sèe note 51 Support cosls18ee note 61 Tota18 Supp￿1 costs Church preservation 31.729 31,729 25,000 Page 10 ontlnued...

Two Churche* OM Town Nots• to tho FlnanGl•l Stat•m•nts. contiN•d for th• y￿r •nd•d 31st Decemb•r 2023 GRANTS PAYABLE 2023 2022 Beverfey Mlnster Nave Phase 2 SUPPORT COST8 Salarf85 Accounls Examiners, remungrallon Webslle developmenl Dlrectors and Officers kn8blllty Insuranc Fundr81slng Servlce Admlnislralion c0618 15.274 2,103 323 9,108 1,941 NET INCOMEI{EXPENDrruRei Nat Incomel{expendilurel is 8taled 8fter charginwlcredlllngl.. 2023 2022 Independent Examlners, remunorallon Page11 continued...

Two Church•s One Ti>wn Not•s to th• Flnancial Stat•m•nts - contlnugd lor the year end•d 31st D￿mber 2023 TRUSTEES. REMUNERATION AND BENEFITS Trusleos, and offi&ryrs liability insurance of £323 was paid in the year 12022 £3131. There are no tru8tee8' remuner8ts.on or other benefi18 for the peric<l ended 31st Deeembgr 202312022 £NILI. Trust•è8' •xp•ns•8 Ther8 were no trustees, expenses paid the year ended 31st Decembgr2023 nof for the perbd ended 31st December 2022. COMPARATIVES FOR THE STATEMEKf OF FINANCIAL ACTIVITIES Unre51ricled funds Rgstricled furbjs Tot81 funds INCOME AND ENDOWMENTS FROM Donations and legacles 77,025 77,025 Investment inwne Total 78,328 78,328 EXPENDITURE ON Charll•ble actlvlUa• Supporl costs Church preseNallon 12,359 12,359 Total 12,359 12.359 NET INCOMEI{EXPENDITUREI 65.969 65,969 Tr•n•f•r• b•lw••n funds Not mov•mgnt In fund• 65,969 65,969 RECONCILIATION OF FUNDS Total fund• brought forward 7,224 25,000 32,224 TOTAL FUNDS CARRIED FORWARD 98,193 10. CREDITORS: AMOUNTS FALLING DUE WTHIN ONE YEAR 2023 2022 AeGrued expenses 5,405 12,400 5,405 12,400 Page 12 conlSnued...

Two Churchfjs One Town Notss to th• Flnan¢lal Stat•m•nt•. contlnu•d for th• y￿r •nd•d 31st Decembèr 2023 11. MOVEMENT IN FUNDS Net movement in fvnds Transfers beiween funds At 31.12.23 Al 1.1.23 Unr98lrict•d funds General fund t)p.%ignaled fund - Future Reserve 68.193 5.000 61,725 129.918 5,000 RMtrict•d funds Bever.'ey Minstcr Navc Roof Ph3se 2 Beverfey Minsler Specific Funds Sl Mary'g Speciflc Funds 25,000 125,0001 29.949 29,949 TOTAL FUNDS 170 411 Not movement In funds, Induded In the 8bove 8re as fdlows.. Incoming IWaULIIiAI¥ Rgsourees 8xpeNJ8d Movemanl In funds Unrojtrlctod funda Generyl luri 93,454 131,729) 81.725 93,454 131,729) 81.725 TOTAL FUNDS Comparatlv•• for mov•monl In lund• Nel movemgnl in funds Transfers between funds At 31.12.22 At 1.1.22 UnreBtrlct•d fund• Ggneral fund Designated fund- Fuiure Reserve 7.224 65.969 15,0001 5,000 68.193 5.000 R•slrlctod funds Beverley Mlnsler Nave Roof Phase 2 25.000 25,000 TOTAL FUNDS 32,224 65,969 98.193 Page 13 continued...

Two Churches One Town Noto¥ to the Flnancial Ststoments- contlnuod for th• yèar •nded 31st O•cqmb•r 2023 11. MOVEMENT IN FUNDS- contlnu•d Comparative net movement in funds. included In the above are as follow8.. Incomlng reSou￿S Resources expended Movement in funds Unr•stricted fund• General fund 78.328 12,3591 65.969 TOTAL FUNDS 78.328 The Beverley Mlnsler Nave Roof Phase 2 fund relates lo don8llon5 re￿iVed lo commence the second phase of the nave roof iepairs. Thg £25,000 remaining in the restricted fund ha¥ been Spent post ye8r4nd, with £12,500 each belno 811ocaled lo both Friends of B8verley Minsler and Bevarley Minster Old Fund who pald In advanGg for repairs lo same. The Beverfey Minster Specific Funds Ss a fvnd restricted io the pursull of the chgrllobla objects of Two Churd)e¥ One Town relating lo Beverley Min518r. The Sl M8ry'$ Specific Fund818 8 fund rostricted to pur8utt of the chanlable objeclB of Two Churche8 One Town relating to Sl Mary's church. The genero1 fund represents lunds whlcl) have no specffic designation. The Future Raserve repres8nls amounts de8lonat8d to meel exp8Cted 118bllltl88 and closure costs, should the ch8rlly de¢lde lo ce8se Its aclivilie5. 12. RELATED PARTY DISCLOSURES There were no related party Iran8aclions for the year ended 3151 December 2023. Page 14