mailes Goldie
CHAR TERED ACCOUNT ANTS
REGISTERED CHARITY NUMBER:1185773
REGISTERED COMPANY NUMBER: 12120938
Two Churches One Town
Unaudited Financial Statements
31 December 2024
ICAEW
CHARTERED
AccouNfANTS

Two Churches One Town
Contents of the Financlal Stalements
for the ygar and￿ 31st Docembgr 2024
Reference and Admlnlslrailvè D4ts118
1 to 2
Rgport of the Tru3tges
3 to 5
Independent Examinèrfs Report
statsment of Flnanclal Activltle8
Balance Shget
8 to 9
Notes to the Flnanclal Statamants
10 to 15

Two Chur¢hes Onè Tovm
Reference and Administratlva Detalls
for the year ended 31st December 2024
TRUSTEES
Rev.Can¢)n J W Baker
MrT J Catlisle
Ms C Cenjtb
Mr K Gilson
Mr M C S Hall- Chainn8n
Mr D R Kllburn
RevRALum
MrALMa
Mr M J Smith
Mr R l Townsend
COMPANY SECRETARY
Wilknn Chapman Rolllls
Cttadel House
58 High Street
Hull
HU1 1QE
REGISTERED OFFICE
Wilknn Chapman RollÉls
Citadd Hc)us&
58 High Street
Hull
HU1 1QE
REGISTERED COMPANY
NUMBER
12120938 (EngL3nd and Wales)
REGISTERED CHARrrY NUMBER 1185773
INDEPENDENT EXAMINER
Smalles G(4(fie
C*artered Accwntants
Rewys Court
princ￿ Street
Hull
HU2 8BA
BANKERS
Santander UK PLC
ep8 King Edward Street
Hull
HU13SS
soucrroRS
Wil￿n Chapman Rdlits.
Citaet House,
58 HHJh Str8&t
Hull
HU1 1QE
Page 1

Two Churches One Town
Reference and Admlnlstratlvo Dotslls
for the y8ar ended 31st December 2024
ADVISERS
A￿hIte(l to both thurches:
dy Burr8fl Archiiecture Ltd
169 Westem Fload
Haywards Heath
West Sussex
RH16 3LH
SuTveyor to Bever]ey Minster.
Ccoper & Hall Limited
Ycwk Htyjse
Tadcaslw Ente￿ri8e Park
Slatitm Road
Tadcast
LS24 9JF
Survey(x to Sl Mary'$ Church:
Brun(ktl w￿AleY Ltd
The Terrace
Grantham Street
ncdn
LN2 18D

TV￿ Churches Ono Toyffl
Report of th8 Trustees
for the year ended 31st Dgcgmbor 2024
The trustees who are also directors of the chatity for Ihe purposes of the Companies Act 2006, presonl thèir report
ilh the finan(xal slalemerrts of the tharity fDr fhe year ended 31st D￿mber 2024. The Iruslees have adopted Ihe
provisions of Accounting and Reporting by Charities.. Ststement of Recomtnended Practi￿ applicable lo charities
preparing their 8ccxxJnts IA a(*ord8nce wth th8 Fin8n(xal R8portsng Standard appIl￿ble in tho UK and Republlc of
Ireland (FRS 102} (effective 1 January 20191.
OBJECTVrfES AND ACTivrriES
ObjÈetives and aims
Our charity's purposes as s8t out in Ihe otyecas contsined in the wmpanls Ar￿e$ of Assoc4al1c￿ are..
11 lo pr￿er￿e for the public benefft the thurch8s known as 8ev8rl8y Minstsr and SL Mary's Church, 8everfey
21 tho advancement of ￿UCatIon of the public by:
the promotion of the Churches as plac8s cl he￿1896
faomlitating an improved urKJerslanding of the heritag8
tha provisi(￿ for the develcpmenl of thlls
3) the promclion of th8 arts for the pu￿[0 benefit in B8verfey and Ihe ￿rr(MInding arèa.
b)
The aims d our charity are to pres8rv8 an(J keep safe for all. B8verfey Minster and St Mary's Church and lo nurtur¢
and grow the unTque, lasl'ng links of H￿tage. Music and Leaming that Lmnd the churches and the town.
The trustees in making decI￿On$ about what tho charrty has dr￿& during the peri(￿ lo cary out these purposes for
the public benefit have had due regard lo the Charity Commission's public tsenefil guidarKe vA)en exer(xsing any
powers or duties to which the guidan￿ is rdevant.
Ensuring ourwork delive￿ our aims
We revlew our aims. objeGtives and aGtivilies each yew. This rewew hxks al what we athieveLI and the out(
of our w(Kk during 2024. The r@view looks al the ￿¢¢esS of ead) key 8Ctiwty and the benefits each one has brought
lo thos& groups of people we are committed to ITelp. Ihe review dso helps us to ensure our aims, obj8clives and
actiwkn'es remained focused on our staled purpos8s. W8 have referred to the guidan￿ contained in the Charity
Commission's general guidance on public benefit when rewwng our aims and objectives and in planning wr future
actiwti8s. In particular, the tru8t8es ￿nSider how plann￿1 activities wll contribute lo the aims and objeGtives they
have set.
The focus of our work
Our maln objgctives dUrir￿ the ￿0d were sec#Jring fUnd8￿th9 restoration at Beverfey Minsterand St. Mary's,
BOV￿&y.1n.accOrdance wth the.works $8t out in the arthitect's ￿hedule. The stral8g19s wo have used and
a￿ developing lo meet these objectives indude:
Producing an U￿ated Mdeo highlighting Ihe important Part the Iwo Churchès play in tre I￿al community.
Supporting bié submissTons to granl making trusts: in parti(xJlar Th& Nat￿al Lottery Heritage Fund.
Creating connects'ons wtlh local busine&%es and net worth individuals.
Assisting both churches with their legacy and WL￿1$ pdiLies.
Publlc banefit
We will deliver public b6nefrt by saving thls pri￿lesS hffiitage ar￿ keeping the buildings op8n avaryone and safe
and fr69 to visil. The Mins18rne8ds ess8nti81 repairs to the leaking r￿f and wrKJows. Sl. Mary's needs urgent repairs
lo its stonework. The current restoration projeet lo preserve the heritage will cost circa. £20 million over a len year
period. The restordllon wll enaNe us to preserve and grow tha MUS￿ and leaming opportuniti68 fl¢)wing from the
buildings.
We wore SUC￿&sful in the year in attractirvJ ￿￿tionS from grdnt mak(ng tNsts and from Indfviduals.
We cA)nlinue lo update our webstte. www.beverfeyhv(x*urches.co.uk, whTrch explains c￿r 8Ctiviliè8 to our
stakeholders. The website enables people to vdunteer and to make a don*ion.
We wuld not have achieved this suc￿sS Wthout the sup1￿ of wr tNs18es, officws, friends and vdunteers and I
would like to record our 8incere thanks io them 811.
Page 3

Two Churthes One Town
Rgport of the Trustees
for the year ended 31st D8￿mber 2024
FINANCIAL REVIEW
Financlal posltion
The charity has generated lolal income for the year of £113:47012023." £128.9471 and funds Ic*alled £219,791 at
31st December 202412023.. £170,411). The trustees consider the filla￿￿1 px)sition of the Charity at the end of the
y8ar to be acceptable.
In addition lo the in(x)me r￿gnI￿j In these fin8Thial stat￿nents. the charity also assists in the applications for
grants on behalf of the PCC'S of Sl Marls or The Minster. The contractual relationship for suth grants is t*tween
th8 Donor and th8 PCC ol Sl Mary's or The Minster. Thè funds s￿red wEre paid dIreC￿Y to the specific PCC and
therefore are not induded in these flnanc4al ststements or were paid to Two Churches One Town I'TCOT") and then
reimbursed to the PCC'S of Sl Mary's orTh8 Minster.
Reserves policy
This is th8 r8s8rves policyforTCOT. This polw has been dr8fted aftero)n&dering the Charity Commission guidance
'charlly reserves.. building resilienGe (CC191', published irs January 2016 and updated in June 2023. Thi8 guidance
as reviewed and updated by the Charity Commission in tts papor 'charity reserves policies". demonstralir@ and
building resilience,. published in ￿vember 2018 and also Updat￿ in June 2023. TCOTwas established in July 2019
. and this is th8 Reserves Policy th8 trust88s hav8 adopted that date. It is the trustees, intention lo hold 8ufficienl
-.reserves lo Und￿take an winding up of the charity shouhl this become neGessary. S(xne monies raised by
TCOT are restricted funds sel aside to meet agreed future distribubon, such as the r8Storation projects pr8vbu￿Y
agreed. This policy.will cons￿er thg r8setV8s of unresthd8d funds to be hdd and theref¢Ye fBStriG1￿j funds are
excluded. The policy was last re￿eWed on 31 Decemt*r 2024.
Funds
Unrestrfcted fund$ r8s8rv•
On 31st December 2024 unrestrthd fvnds were £189.113. Two Churches One Town (TCOT) does not own any
"fixed assets..The.truslee>have.agreed lo set aside £5,000 of unreslrKled funds as a futurg reserve. This is
considered lo be sufficient to meet TCOTS outstsnding liabililies. shwldll ￿88 ils activities.
RgStrict•d funds reserve
- On 31st. December 2024 restricted funds were £30,678. These funds represent donations recewed specrfically
rastri¢led to the indiwdual Churches as indicat8d in not8 12. After con￿denT)g the Charity Commission's guidancE.
the Iruslees do not consider that restricted funds shc¥Jki held in reseNe for the future. Should TCOT cease
operations, the tnjsleeS￿II uSe.th￿r best endeavours to distn.buie restn.cted funds wthout undue delay.
Investment of reserves
Reserves of unrestricted funds wll be held in an inter6St bearing alxounti￿th not morg than month's wilhthawal
noti￿. This account wll be held wth Tcofs banl fAJrrenty Sant8nder PLC.
STRUGTURE, GOVERNANCE AND MPJIAGEMEKr
Governing do¢umgnt
The organi58tion is a charitable company limited by guarantee, inccffpryaled ¢)D 24th Juty 2019 and r4ist&d as a
charity on 14th October 2019. The company was establi%hed under a Memorandum of Assctiation bthich established
the objects and powers ol thè charitabl8 company and is govemed under its Artides of Asscuation.
Racrultmenl and apFJointment of new trustees
The directors of the company are also charity trustees fc* the purpose8 of charity law.
In seleGtin9 ifKlividuals fc￿ appointment as charity Irustees. the trustees V•ill have regard to the skills, knwledge and
experience needed for the effectwe aéministration of the chartty.
One third lor tha number nearest c￿e thirdl of twstees. other than the ex-offiryo Tnjstees, musl r8tire al each annual
Iruste&s' m88ting, thosg long8St in Offic￿ ret'ring first and Ihe (*￿1￿ betw￿￿ any of equal seNi¢2 ￿ing made by
drawing lols.
Mr M J Smith, Mr M C S Hall and Ms C CenJNi wEre appointed as trustees Im 1st October 2024.
Al tsustees give their time v(Auntary and receive no teneffts from the company.
Pag8 4

Two Churches One Tovm
Rèport of the Trustees
for the year ended 31st December 2024
STRUCTURE, GOVERNANCE AND MANAGEMEKr
Organisational structurè
The charlly operates with a full time Direthr of Fundraising a part time Head of Granls, a volunteer team Iwking
after the Leaming, Music and Heritsge segments. and one in finan￿. The role of ccthpany secretsry Is outs￿rtsd
ID Wilkln Chapman Rollits.
sk managamont
The trustees have condwtgd a remew of the major ri*s lo which the chaiity is exposéd. A risk register has been
established 8nd wll ba reviewed annually. The last annual revw Wds June 2025. Wh8r8 approwiate, systems or
prwgdures will be establigied lo mitigate the risks tha tharity far￿.
STATEMENT OF TRUSTEES. RESPONS181LITIES
The Injslees (who are also the directors of Two Churthes One T(Mn for Ihe purposes of company lawl are
responsible far pr8paring the Report of the TnJslees and the finanoal ststemonls In accordance with applicable law
and United Kingdom Accounting Standards {United Trfjngdom Generally Ac￿￿￿j AC￿untIftg Practi￿) induding
Flnancial Reporting Standard 102"The Finanoal Repyting Standard applicable in the UK and Republic of Ire￿nd..
Company law requires the trustees lo prepare finanryal statements for each finarKaal year give a true and fair
vlew of the state of affairs of the charitabl8 company and of the i￿￿￿nIng and appli(zt1c￿ of reswrcas,
including the income and expend" itu"re,"or thè tharitable Lxmnpany that period. In preparing those finantrAal
slatomenl& the trustees are requir￿ to
select suilabl8 a(wunling pdioes and then apFAy th￿ con&stentty.
observ6 the methods arKI prin(?ples in the Charity SORP..
make judgements and estimates that are ￿8$onable and PrUd￿L
prepare the finanaal Statem￿lS on the going (x)nc8m basis unless rt is inappropriate to p￿ume that the
charftable compary ￿11 continuè in Iwsiness.
. The trustees are responsible for keeping proper awounting rec(￿dS ￿1¢h disclose wlh reasonable aC[￿ra￿ al any
time the finanoal posibon of the charitabl8 CA)mpany and lo enable them to ènsure thal the finanual slalements
comply with the Companies Act 2006. They are also r85ponsible f(￿ safeguarding th8 assets of the charitsble
company and h8nc8 fty lakiThJ reas(￿able steps tha prevention and det￿t￿n of fraud and other irregularitie&
Approved by order of the b08rd.oflrust￿ on .............
and Sgned C￿ tts bghalf by..
Mr M C S Hall - Trustee
Page 5

Independènt Examinevs Report to the Truste8s of
Two Churches Ono Town
Independent 9xaminerfs r¢port to the trusta8s of Two Churches One Town (Ihe Charitable CompanY)
I reptxt lo the charity trustees on my examination of the g(Lounts of tho Charilable Company for the year ended
31 st December 2024.
R9spon8ibilitlg8 and basis of report
As the charitable company's trusteas land also Its dir￿a¢yS the purrJ)ses of company law) you are responsibl6
for the p￿paratIon of Ihe accounts in aC£Ordan￿ wth the requirements of the Charities Act 2011 I'the Acl'l and
Companies Act 20061'lh8 2006 Aci,).
Hawing Satisfied mygelf that the aC￿nIS of lh8 Charitable c￿panY are not requlred lo be audited under Part 16 of
the 2006 Act and are eligitAe fc* independent examinaton, I report in resfv of my examination of your charitable
company's accounts as carried out under Section 145 of the Act In ca￿1ng out my examination I havo followed the
Directions given by the Charity Commission undèr Secti(￿ 145(5} Ibl of th8 ACL
Indepèndent examlnar's statement
I have completed my examination. I wnfirm that no matters have to my attenti￿ in connection with th¢
examination giwng me cause to believe..
accounting records were not kept in respect of the Charitable c￿panY as required by Section 130 of the Act
or by Section 386 of the 20C6 Acl" or
th8 accounts do not accord with those reLLYds" or
..th6 accounts do not ¢omply vlth tt)e aCc￿nIing reqUir￿ents of Section 396 of th6 20￿ Act other than any
requirement that the accounts give a true arKJ fair vthith is a matter consid8red as part of an
independ8nl examination.. or
the accounts have not been prepared In a￿X}rdan￿ wth the meth(xJs and principles of the Slalement of
. Recomm8nded Practi￿ fcK acwunling and rewting by charities (applicable to charities preparing their
accounts in 8owrdance wlh the Financtal Rep(Kling Standard aPpI￿able In the UK and Republic of ltsland
{FRS 10211.
I have no conc8ms and have come across no other matters in oMnection V￿th the examination to whith attention
should be drawn in this rewrt In Q￿der to ￿able 8 pryer understanding of the accounts lo b8 reached.
Stephen Bramall Bsc., FCA
Smalles G(Adie
Chartered A¢xountsnts
Regènt's Court
Prfnckss Slreat
Hull
HU2 8BA
01 September 2025
D81e'.
Pag8 6

Two Churches One Town
Statement of Financlal Actlvities
for the year ended 31st Dewnber 2tY24
2024
Totsl
funds
2023
Total
funds
Unrestrlcted Restrlcted
furKIs
Notes
INCOME AND ENDOWMENTS FROM
Donations and grants
97.351
6,01)0
103,357
122,037
Investment Income
10.113
6.910
Totsl
107470
6.000
113470
128,947
EXPENDrruRE ON
Charitable aclivitie8
Church preseNation
53275
NET INCOMEI{EXPENDrruRE)
195
{4,815)
49,380
72,218
RECONCIUATION OF FUNDS
Total funds brought forward
134918
170.411
98,193
TOTPL FUNDS CARRIED FORWARD
189 113
30,678
219.791
170411
The notes fom) part of these finarKial slatemwrts
Page 7

Two Churchos One Town
Balance Sheet
31st Decèmber 2024
2024
Total
funds
2023
Totsl
fur￿8
Unrèstricte(l Restrlcted
furxls
funds
Notes
cuRRE￿r ASSETS
Prepayrnents and accrued incc¥ne
C88h at bank
381
196.261
3BI
175265
196,642
30.678
227,320
175,816
CREDITORS
Amounts falling due wthin one year
11
,529)
(7.529)
15,405)
NET CURRENT ASs￿s
189.113
30,678
219,791
170411
TOTAL ASSETS LESS CURRENT
LIABILITIES
189.113
30,678
219,791
170.411
NET ASSETS
189.113
219 791
170.411
FUNDS
un￿striCted fundg:
Ggn8ral fund
Designated Fund - Futuré ReSe￿e
12
184,113
129,918
5,000
189 113
134,918
Restriclgd funds:
Bevedey Minster SpeGifiG Funds
St Marls Spe¢ff￿ Funds
25.134
29,949
TOTAL FUNDS
219 791
170.411
The Gharitable company is enlilled to exempts'￿ from audit U￿er Sedion 477 of the Companies Act 2QD6 for the
y8ar endgd 31st D￿m￿￿r 2024.
The members have not required the company to obtsin an aLJdf( of its finan(xal ststemenls for th6 year ended
31st DeGember 2024 in accordance Section 476 of Ihe Companies 2006.
The trustees aCkno￿edge their responsibilities f(
lal
uring that the charitable company keeps acccwntiro r￿rdS Ihal aNnply ￿￿th SeciK)ns 386 8nd 387 of the
Companies Act 2006 and
preparing financial statements whith give a tnje and fair vlew of the state d affairs of th8 tharitsble company
as al tha end of eath financial year and of ils surplus or deficit for each financial year in acc(￿dan￿ wlh the
r8quSrgm8nts of Sert1(￿s 394 and 395 and whith othemse Gcxnply the requirements of the Companies
Act 2006 relating lo financid statements. so far as applicable lo the tharitable coynpany.
Ibl
The notes form part of thes8 fin8naal statements
Page 8
cc￿lInUed...

Two Churches One Town
Balanco Sheet- ￿ntinUed
31st DeCem￿r 2024
These fln£ncÉal slat￿entS have been prepar￿1 in aC￿r￿an￿ vmh thè provisi￿S appllcable lo tharilabFe cKJmpanies
subject to the small companies regime.
The finan￿al statements were approwj by th8 Board of TnJste8s and authorised for issue on
.. and ￿rg signed on its behalf by:
Mr M C S Hall - Trustee
The notes form part of these financial statem￿lS
P¥9

Two Churchas One Town
Notes to the Financial Statèments
for tho year ended 31st Decomber %124
ACCOUNTING POLICIES
Basis of preparing the financlal statements
The finanaal stalem8nls of the charity. which is a public beneftt ¢nUty under FRS 102. havè been prepared
in accordance with the Charities SORP IFRS 102} 'Accounting and Reporting by Charities: Slalemont of
Recommended Practice applicable to tharibes preparing their accx)unts in alxL)rdan￿ with the Flnanaal
Reporting Standard applicable in the UK and Repullic of Ireland IFRS 1021 leffeGtive 1 January 20191,.
Finanaal Reporting Standard 102 The Finanual Repottng Standard applicable in tha UK 8nd Republic of
Ireland, and the Charflies Ad 2011. The financaal stalfftnts have been prepared under the historical cosl
cmvenlion, with the excep11L￿ of investments which are indLKJgd al mark81 value, as modified ty the
revaluatiDn of certain assets.
The trustees consider that there are no material uncwkinties about fhe Charitys ability lo G(Krtinue as a going
Income recognition
Income is rneasur￿ al the falr value of the ¢))nsIde[afK￿ receN&J or rweivable. Th8 poI￿leS adopted for tho
r￿￿nitIOn of incom8 8r8 as foll(hvs:
Incnm8 from donations. governrnent and other grants, vthelher capital or revenue, is recognised when the
charity has entitlem￿lS lo tho funds, any pwfr)rmance CL￿dIt￿)￿S 8ttaehed to Ihe grants have been met. it is
probable that the incc*ne will be received arKI the amount Gan be m8asumd reliably.
Exp¢nditurn
- Liabilitses"are"rwnised as expenditure as as there is a Iwyl or Construc￿Ve obligation (￿)Mittlng th8
charity to that expendilure, ￿ is probable that a transf￿ of economic benefits ￿711 be rffjuired in settlement
and the arrK)unt of the obligation can ￿ measur&Y rdiaw. Expendittjre is accounted for on an accruals basis
and has been classified under headings that aggregats all o)st rdated to the catsgory. All expenses includlng
support costs and govem8nce costs are allocated lo the applicable expenditure headi[￿.
Grants offered subj￿1 to condiliorts which have not been met 8t the year end date are not￿ a8 a ci¥nmilment
bul not acuued a8 exp￿￿lture.
Allocation and apF)Ortlonrnwrt of costs
Support costs have been allocated between administration 8nd govemarTrce costs. Governanc8 costs
comprise all costs involving the pU￿1C aCc￿￿tablITty of the tharity and its cL¥npliance with regulation and
good practice such as costs rdated to boc*keeping and Statut￿ audit. Th￿8 has been no apportionrnent of
Taxation
Th8 charity Is 8X8mpt from ccKporation tax on its charitable acttvits88.
Fund accounting
Unrestr￿ted funds can be used in aC￿r￿an￿ vrith the chaiitaNe obj*tiveg al the diwetion of the Iruslees.
Restrict￿ funds can only be used for parbcular restricted purposes within the objects of the charity.
ReslriGtions arise when speafied by the donor or %then funds are raised for par1Kulgr raslricted purposes.
Further 6xpl8nalion of Ihe nature and purpose ofeath f￿d is inrJuda(J in th8 notes to thg financAal statements.
Penslon costs and other post-retirement beneffts
The charitable company opefates a defined Contributi(￿ scheme. Contributi￿S payable lo the
Charitab￿ company's ￿slon S(1￿Me are charged to the Statem￿1 of Financial Activities in the period to
whlch they relate.
Page 10
conlinu8d..

Two chU￿h95 One Town
Notes to the Flnanclal Ststéments - contlnued
forthe year ended 31st December 2024
ACCOUNTING POLICIES- GOnt￿U0￿
Debtors and credltors receivablelpayable within one year
Debtors and creditors with no staled interest rale and are r￿1Vable or payable within one year are
recorded at Iransactlon price. A￿Y losse5 arising from impalm￿t afft recognised in the statement of
finanaal activities all(xated to the appropriate heading.
DONATIONS AND GRAfrrrs
2024
2023
Dor￿li(￿S
Grants
83,727
19,630
120,837
1,200
103357
122,037
INVESTMEKf INCOME
2024
2023
Bank account interest .
10.113
6.910
CHAR￿ABLE ACTWMES COSTS
Grant
fundlng of
actlvriles
(see note
6}
Direct
Costs l$e8
note 5)
Support
costs Isoe
note 7)
Totals
Unr8slrict8d funds
Restricted funds
10263
43.012
5127S
10,815
Church preservation"
10.263
10.815
64,090
DIRECT COSTS OF CHARITABLE ACTivmES
2024
2023
Net zero project
chitect
10.000
Page11
continued...

Two Churchas One Town
Notes to the Financial Statements- contlnued
for the year end8d 31st December 2024
GRANTS PAYABLE
2024
2023
Church preservation
10,815
The total gTants paid lo insl1tuii￿S durfng the yoar was as follry•VS:
2024
2023
Beverfey Minster (Nave Rwfj
Beverley Minster
St Mary's Church
25,000
4815
6,000
10,815
25,000
SUPPORT COSTS
2024
2,007
2023
2,103
15.274
2,980
¥23
9,108
Independent Examin6rs' Remunerab¢)n
Salaries
Website Development"
Diroctors and Offic8rs ￿abilIty Inyjrance
Fundraising Service
Administration Costs
718
302
&139
43.012
31,729
TRUSTEES, REMUNERATION AND BENE
Thero were no Irusle8s' remunerati(￿ or oth8r benefits ￿ the year ￿e￿ 31st Dethmber 2024 nor.for the
year ended 31st De￿mber 20￿.
Truste8s' expenses
There were no trustees. expenses paid f(￿ the year ended 31st D￿mber ￿24 for the year endgd
31st De￿mber 2023.
STAFF COSTS
2024
2023
Wages and salaries
other pension (x)sts
31,671
3.173
15,274
15,274
The averag6 monthly number of enwloyees during the year was as fdlows..
2024
2023
Fundraising
The charity had no eTryloyees at the year end.
No empk)yees received en1￿uments in excess of £60,LN)O.
Page 12
ctsntinu￿...

TV￿ Churches One Town
Notss to th8 Financial Statements- contlnued
for the year ended 31st December 2024
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AGfMTIES
unrestrIct￿ Restricted
funds
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donallons and grants
87,353
34,684
122,037
Investment Income
6,101
809
6.910
Total
93.454
128,94T
EXPENDITURE ON
Charitable activlties
Church preservatton
25,QDJ
NET.INCOME
61.725
10.493
72,218
RECONCILIATION OF FUNDS
Total funds tKought forward
73,193
25,000
98,193
TOTAL FUNDS CARRIED FORWARD
134,918
170,411
-11.
CREDITORS: AMouKfs FALLING DUE WtrHIN ONE YEAR
. 2024..
2023
Acorued and deferred income
7.529
5.405
12. MOVEMENT IN FUNDS
Nat
movement
In funds
At 111124
31112124
Unrestrlthd funds
General fund
Designated Fund - Future Resarv8
129,918
54195
184,113
5,000
14918
S4.1
189,113
Restricted funds
Bevadey Minster Specific Funds
Sl Mavs Specific Funds
(48151
25,134
4.815
TOTAL FUNDS
170,411
49.380
219791
Page 13
conlinuÉd...

Two Churches Ona Town
Notes to the Financial sL￿aMents - contlnued
for the year ended 31st Dec8mber 2024
12.
MOVEMENT IN FUNDS. Contlnued
Net movement In fund& IndUd￿ in the above are as fd1(￿$.
Incomi
resour
Rèsources
expended
Movement
in funds
Unrestricted funds
General fund
107,470
{53,275)
S4,195
Restricted funds
Beverley Nlinsler Sp￿lf￿ Funds
Sl Marls SpeGrfic Funds
<4,815)
{4,815}
TOTAL FUNDS
113470
Comparatlves for movgment in funds
Net
movement
in funds
At
31112123
At 111123
Unrestricted funds
General fund
D8signat&J Fund - Future Resetve
68,193
61.725
129,918
5.000
73.193
61,725
134.918
Rostrlcted funds
B8v8dey Minster Nave RcMJf Phase 2
Bev&rfey Minster Speafic Funds
St Marfs Spectfic Funds
125.WO)
29,949
29,949
5,544
25.txx)
10,493
35.493
TOTAL FUNDS
98.193
72,218
170,411
Page 14
¢ontinued...

Two Churchos Ong Town
Note5 to the Financial Statements . contlnued
for the year ended 31st Docember 2024
12.
MOVEMENT IN FUNDS- Co￿￿nued
Comparative nel movem￿1 in fuThJs, Induded in Ihe above ar8 8$ fdlows:
Incoming
resources
R￿OUrCes
ex￿nded
Iliovement
in funds
Unrastrlctod funds
Goneral fund
93,454
{31,729}
61,725
Restricted funds
Bev&rf8y Minster Nave Roof Phase 2
Bevedey Minster Sp￿lfi¢ Funds
Sl Mary's Sp￿1￿¢ Funds
{25,CW}
{25,OQ>O)
29,949
35,493
TOTAL FUNDS
128.947
56,729}
The Beverfey Minster Nav8 Roof Phase 2 fund relaled lo dc￿atiOnS weived to 17)mmence the second phase
of the nave rcK)f repairs. The £25,000 in this fund was sFent in the prK)r year, with £12.500 bèiftg allocated
each lo Friends of 8everf8y Minster and Bevertey Minstsr Old Fund.
Th8 Bevedey Minster 6p8cific Funds is a fund restricted lo tho pursuit of the tharilabl8 objects of Two
Churches One Town relating to Beverfey Minster.
"-Ihe St Ma￿S Specific Funds is"a fund restricted to the pursurt of the charitab18 thjects of Two Churches One
Town relating to St Mary'8 church.
. .Tha g￿er81 furKI repr￿n1$ fundswhth have no speofic designation.
The Future Reserve represents amounts designated to meet expe(*ed liabilities a￿1 closure costs. should
the charity decide lo cease its actfvilies.
13.
RELATED PARTY DISCLOSURES
There w8rg no related party transac*lons for the year ended 31st Dwkmber 2024.
Page 15