2020-12-31-accounts - Beverley Minster Old Fund

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		Page
Report ofthe Trustees	1	lo	5
Report ofthe Independent Auditors	6tog
Statement ofFinancial Activities		10
Balance Sheet
Cash Flow Statement		12
Notes to the Cash Flow Statement		13
Notes to the Financial Statements	14	to	21

Beverley Minster Old Fu Balance Sheet 31stDecember 2020	nd
		2020	2019
	Notes	6
FIXEDASSETS
Tangible assets Investments	10 11	94,285 , 89 32D	96,434 5,838,276
		5,483,605	5,934,710
CURRENT ASSETS Debtors	12	147,715	30,994
Investments Cash at bank	'l3	40,000 221.372	40,000 113,601
		409,087	184,595
CREDITORS
Amounts falling due within one year	14	(273,248)	(28,903)
NET CURRENT ASSETS		66989	155,682
TOTAL ASSETSLESS CURRENT
LIABILITIES		5,619,444	6,090,402
NET ASSETS		6619433	90904D2
FUNDS
Unrestricted funds		3,074,085	3,441,393
Endowment funds		2 45.359	2,849,009
TOTAL FUNDS		5519484	6090402

RECONCILIATION OF NET (EXPENDITURE) ACTIVITIES	/INCOME TO NET CAS	H FLOW FROM	OPERATING
		2020 6	2019 f
Net (expenditure)/income for the reporting Statement ofFinancial Activities)	period (as per the	(470,958)	673,886
Adjustments for: Depreciation charges Losses/(gain) on investments Dividends received		2,149 245,113 (204,768)	2,149 (680,138) (263,241)
Investment fees paid through portfolio (Increase)/decresse in debtors Increase/(decrease) in creditors		3,844 (116,721) 244,344	3,948 1,933 ~2,196
Netcashusedin operations		~296,997	~263.659

ANALYSIS OF C
	At 1.1.20 f	Cash flow f	At 31.12.20 f
Net cash
Cash at bank	~tt3 601	107,771	~221 372
	~113601	107,771	~221 372
Liquid resources
Deposits included in cash Current asset investments	40,000		~40 000
	40,000		40,000
Total	~153 601	107,771	~261 372

for I	he year ended 31stDece	he year ended 31stDece	mber 2020
3.	INVESTMENT INCOME
					2020 f	2019 f
	Listed investments				~204768	~263241
4.	CHARITABLE ACTIVITIES COSTS
				Direct	Support
				Costs (see	costs (see
				note 5) f	note 6) f	Totals f
	Maintenance	of Beverley Minster		858,639	~44 406	903,045
	DIRECT COSTS OF CHARITABLE ACTIVITIES
					2020f	2019 F
	Staff costs Administrative expenses Property repairs and maintenance Professional fees				69,620 3,464 748,419 37,136	55,045 5,170 157,909 56,263
					~858 639	274,387
6.	SUPPORT COSTS
					Governance
				Administration f	costs f	Totals f
	Maintenance	of Beverley Minster		30,537	~13S69	44,406
	Support costs, included		in the above, are as follows.
	Administration
					2020	2019
					Maintenance
					of
					Beverley	Total
					Minster f	activities F
	Rates and water				297	63
	Insurance Light and heat Telephone Postage and stationery				19,896 5,960 1,250 134	17,041 7,923 1,056 98
	Sundries				851	137
	Depreciation	oftangible	and heritage
	assets				~2149	~2149
					~30 537	28,467

STAFF COS	TS
						2020	2019
						6	f
Wages and salaries						64,253	51,148
Social security costs						1,926	1,415
Other pension	costs					~3441	2,481
						69,620	55,045
The average	monthly	number	ofemployees		during the year was as follows:
						2020	2019
Maintenance	of Beverley Minster					2	2
No employees	received emoluments			in excess ofE50,000.

for	the year ended 31stDeoernber 2020	the year ended 31stDeoernber 2020	connue
9.	COMPARATIVES FORTHE STATEMENT		OF FINANCIAL	ACTIVITIES
			Unrestricted	Restricted	Endowment	Total
	INCOME AND ENDOWMENTS	FROM	fund f	fund f	fund f	fundsf
	Donations and legacies		49,555			49,555
	Investment income		263,241			263,241
	Total		312,796			312,796
	EXPENDITURE ON
	Raising funds		837		1,675	2,512
	Charitable activities
	Maintenance of Beverley Minster		314,387		2,149	316,536
	Total		315,224		3.824	319,048
	Net gains on investments		~420315		259,823	680,138
	NET INCOME		417,887		255,999	673,886
	Transfers between funds		~51,I90)		51 190
	Net movement in funds		366,697		307,189	673,886
	RECONCILIATION OF FUNDS
	Total funds brought forward		3,074,696		2,341,820	5,416,516
	TOTAL FUNDS CARRIED FORWARD		3,441,393		2,549,009	6,090,402
10.	TANGIBLE FIXEDASSETS
				Freehold	Plant and
	COST			property f	machinery F	Totals f
	At 1stJanuary 2020 and
	31st December 2020			97,779	5,811	1~03590
	DEPRECIATION
	At 1stJanuary 2020 Charge for year			2,912 1,456	4,244 693	7,156 2,149
	At 31stDecember 2020			4,368	~4937	9,305
	NET BOOK VALUE
	At 31stDecember 2020			93,411	874	94,285
	At 31stDecember 2019			94,867	1,567	96,434

s to the Financial Statements year ended 31stDecember 2020 FIXEDASSET INVESTMENTS	-continued
		Cash and
	Listed	settlements
	investments	pending	Totals
	E		E
MARKET VALUE At 1stJanuary 2020 Additions Disposals Impairments	5,653,404 120,693 (438,797) ~245,113)	184,872 114,261	5,838,276 234,954 (438,797) ~245,113)
At 31stDecember 2020	~5090187	299,133	~5389320
NET BOOK VALUE At 31stDecember 2020	~54090 187	299,133	~5,389320
At 31stDecember 2019	~5,653404	164,872	5,838,276

	Included in above are E703,532(2019:f611,665) of investments that	Included in above are E703,532(2019:f611,665) of investments that	are invested outside	the UK.
	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR		2020 E	2019 f
	Trade debtors VAT Prepayments and accrued	income	250 8,341 ~139124	368 7,516 23,110
			147,715	30,994
13.	CURRENT ASSET INVESTMENTS		2020	2019
			E
	Deposit account		4 DDD	40,000
14.	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR	2020 F	2019 f
	Trade creditors Taxation and social security Other creditors		234,648 1,202 37,398	21,712 2,702 4,469
			273,248	26,903

					2020	2019
		Unrestricted	Restricted	Endowment	Total	Total
		fund F	fund f	fund f.	funds f	funds f
	Fixed assets			94,285	94,285	96,434
	Investments	3,078,768		2,310,552	5,389,320	5,838,276
	Current assets Current liabilities	268,565 ~275SN		140,522	409,087 ~14$	184,595 ~28903)
		3,074,085		~2545359	~5819444	6,090,402
16.	MOVEMENT IN FUNDS

		Incoming	Resources	Gains and	Movement
		resources f	expended f	losses	in funds f.
Unrestricted	funds
General fund		680,279	(902,873)	(144,714)	(367,308)
Endowment	funds
Permanent	Endowment		(3,251)	(100,399)	(103,650)
TOTAL FUNDS		~680279	~906 124	(245,t t3)	~470958