2021-12-31-accounts

		Page
Report ofthe Trustees	1	to	5
Report ofthe Independent Auditors	6	to	8
Statement ofFinancial Activities
Balance Sheet		10
Cash Flow Statement
Notes to the Cash Flow Statement		12
Notes to the Financial Statements	13	to	21

							2021	2020
				Unrestricted	Restricted	Endowment	Total	Total
INCOIIE AND			Notes	fund E	funds f	fund F	funds f	funds E
ENDOWMENTS	FROM
Donations and legacies			2	48,791	1,060,199		1,108,990	475,511
Investment income			3	226,746			226,746	204,768
Total				275,537	1,060,199		1,335,736	680,279
EXPENDITURE	ON
Raising funds				2,861		1,817	4,678	3,079
Charitable activities
Maintenance of Beverley
Minster				689,857	1,060,199	2,147	1,752,203	903,045
Total				692,718	1,060,199	3,964	1,756,881	906,124
Net gains/(losses)		on
investments				282,594		124,380	406974	,~245,113)
NET
INCOME/(EXPENDITURE)				(134,587)		120,416	(14,171)	(470,958)
RECONCILIATION		OF
FUNDS
Total funds brought
forward				3,074,085		2,545,359	5,619,444	6,090,402
TOTAL FUNDS CARRIED
FORWARD				2,939,498		2,665,775	5,605,273	5,619,444

		2021	2020
FIXEDASSETS	Notes		E
Tangible assets Investments	10 11	92,138 5,492,402	94,285 5,389,320
		5,584,540	5,483,605
CURRENT ASSETS
Debtors Investments Cash at bank	12 13	57,699 40,000 18,468	147,715 40,000 221,372
		116,167	409,087
CREDITORS
Amounts falling due within one year	14	(95,434)	(273,248)
NET CURRENT ASSETS		20,733	135,839
TOTAL ASSETSLESSCURRENT
LIABILITIES		5,605,273	5,619,444
NET ASSETS		5,605,273	5,619,444
FUNDS	16
Unrestricted funds Endowment funds		2,939,498 2,665,775	3,074,085 2,545,359
TOTAL FUNDS		5,605,273	5,619,444

		Notes	2021 f	2020
Cash flows from operating	activities
Cash generated from operations			)729,650)	)296,997)
Net cash used in operating	activities		~729,650)	~296,997)
Cash flows from investing	activities
Amounts withdrawn from porffolio Dividends received			300,000 226,746	200,000 204,768
Net cash provided by investing activities			526,746	404,768
Change in cash and cash	equivalents
in the reporting period Cash and cash equivalents	at the		(202,904)	107,771
beginning ofthe reporting	period		221,372	113,601
Cash and cash equivalents	at the end
ofthe reporting period			18,468	221,372

ACTIVITIES
				2021	2020
Net expenditure forthe reporting of Financial Activities) Adjustments for:			period (as per the Statement	(14,171)	(470,958)
Depreciation charges (Gain)/losses on investments Dividends received investment fees paid through portfolio Decrease/(increase) in debtors (Decrease)/increase in creditors				2,147 (406,974) (226,746) 3,892 90,016 ~177,814	2,149 245,113 (204,768) 3,844 (116,721) 244,344
Net cash used in operations				~729,65&j	~296,997)
ANALYSIS OF CHANGES	IN	NET	FUNDS
			At 1.1.21	Cash flow	At 31.12.21
				E
Net cash
Cash at bank			221,372	~202,904	18,468
			221,372	~202,904	1&,468
Liquid resources
Deposits included in cash
Current asset investments			40,000		40,000
			40,000		40,000
Total			261,372	~202,904	58,468

	Grants recei	ved, included in the above, are as follows:
				2021	2020
	Nave Phase 1 project Sanctuary project			465,088	E 174,954
				11,816	286,321
				453,272	461,275
3.	INVESTMENT INCOME
				2021	2020
					E
	Listed investments			226,746	204,768
4.	CHARITABLE ACTIVITIES COSTS
			Direct	Support
			Costs (see	costs (see
			note 5)	note 6)	Totals
				F	F
	Maintenance	of Beverley Minster	1,711,452	40,751	1,752,203
5.	DIRECT COSTS OF CHARITABLE ACTIVITIES
				2021	2020
	Staff costs Administrative expenses Property repairs and maintenance Professional fees			82,070 10,729 1,584,610 34,043	E 69,620 3,464 748,419 37,136
				1,711,452	858,639

					Governance
				Administration	costs	Totals
Maintenance		of Beverley Minster		26,243	E 14,50&	E 40,751
Support costs, included			in the above, are as follows:
Administration
					2021	2020
					Maintenance
					of
					Beverley	Total
					Minster	activities
Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Depreciation of tangible			and heritage		498 18,256 2,513 2,036 4? 746	297 19,896 5,960 1,250 134 851
assets					2,147	2,149
					26,243	30,537
Governance	costs
					2021	2020
					Maintenance
					of
					Beverley	Total
Auditors' remuneration Trustee liability insurance					Minster f 4,280 628	activities F 3,641 628
Bookkeeping	costs				9,600	9,600
					14,508	13,869

8.	STAFF COSTS
								2021	2020
	Wages and salaries Social security costs Other pension costs							73,470 5,347 3,253	64,253 1,926 3,441
								82,070	69,620
	The average monthly	number	of	employees		during the year	was as follows:
								2021	2020
	Maintenance of Beverley Minster							3	2
	No employees received emoluments				in excess off60,000.
	COMPARATIVES FOR THE		STATEMENT			OF FINANCIAL	ACTIVITIES
						Unrestricted	Restricted	Endowment	Total
						fund	funds	fund	funds
						E	E	F	F
	INCOME AND ENDOWMENTS			FROM
	Donations and legacies					475,511			475,511
	Investment income					204,768			204,768
	Total					680,279			680,279
	EXPENDITURE ON
	Raising funds					1,977		1,102	3,079
	Charitable activities
	Maintenance of Beverley Minster					900,896		2,149	903,045
	Total					902,873		3,251	906,124
	Net gains/(losses) on	investments				~144.714)		~100,399)	~245,113)
	NET INCOME/(EXPENDITURE)					(367,308)		(103,650)	(470,958)
	RECONCILIATION OF FUNDS
	Total funds brought	forward				3,441,393		2,649,009	6,090,402
	TOTAL FUNDS CARRIED FORWARD					3,074,085		2,545,359	5,619,444

for t 10.	he year ended 31stDecember 2021 TANGIBLE FIXEDASSETS
		Freehold	Plant and
		property	machinery	Totals
	COST
	At 1stJanuary 2021 and
	31st December 2021	97,779	5,811	)03530
	DEPRECIATION
	At 1stJanuary 2021 Charge for year	4,368 1,455	4,937 692	9,305 2,147
	At 31stDecember 2021	5,823	5,629	11,452
	NET BOOK VALUE
	At 31st December 2021	91,956	182	92,138
	At 31st December 2020	93,411	874	94,285
11.	FIXEDASSET INVESTMENTS
			Cash and
		Listed	settlements
		investments	pending	Totals
	MARKET VALUE
	At 1stJanuary 2021 Additions Disposals Revaluations Management fees Withdrawals	5,090,187 78,546 (266,600) 406,974	299,133 (78,546) 266,600 (3,892) ~300,000)	5,389,320 406,974 (3,892) ~300,000)
	At 31st December 2021	5,309,107	183,295	5,492,402
	NET BOOK VALUE
	At 31st December 2021	5,309,107	183,295	5,492,402
	At 31stDecember 2020	5,090,187	299,133	5,389,320

	Cash and
Listed	settlements
investments	pending	Totals
5,309,107	183,295	5,492,402

DEBTORS:A	MOUNTS	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR
						2021	2020
Trade debtors						920	248
Other debtors VAT Prepayments	and accrued		income			1,649 20,586 34,544	8,341 139,126
						57,699	147,715
CURRENT ASSET INVESTMENTS
						2021	2020
Deposit account						40,000	40,000
CREDITORS:	AMOUNTS		FALLING DUE WITHIN ONE		YEAR
						2021	2020
							F
Trade creditors Taxation and social security Other creditors						20,421 4,342 70,671	234,648 1,202 37,398
						95,434	273,248
ANALYSIS OF NET ASSETS BETWEEN FUNDS
						2021	2020
			Unrestricted	Restricted	Endowment	Total	Total
			fund	funds	fund	funds	funds
					E		E
Fixed assets Investments Current assets Current liabilities			2,959,454 75,478 ~95,434)		92,138 2,532,948 40,689	92,138 5,492,402 116,167 ~95,434)	94,285 5,389,320 409,087 ~273,248)
			2,939,498		2,665,775	5,605,273	5,619,444

MOVEMEN	T IN FUNDS
			Net
			movement	At
		At 1.1.21	in funds	31.12.21
				P
Unrestricted	funds
General fund		3,074,085	(134,587)	2,939,498
Endowment	funds
Permanent	Endowment	2,545,359	120,416	2,665,775
TOTAL FUNDS		5,619,444	~14,171)	5,605,273

Net movement	in funds, includ	ed in the ab	ove are as foll	ows:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
				E	F	F
Unrestricted	funds
General fund			275,537	(692,718)	282,594	(134,587)
Restricted funds
Nave Project			699,015	(699,015)
Sanctuary Project			(11,816)	11,816
Nave Project	Phase 2		373,000	~373,000)
Endowment	funds		1,060,199	(1,060,199)
Permanent Endowment				(3,964)	124,380	120,416
TOTAL FUNDS			1,335,736	~1,756,881)	406,974	~14,171)
Comparatives	for movement	in funds
					Net
					movement	At
				At 1.1.20	in funds	31.12.20
						E
Unrestricted	funds
General fund				3,441,393	(367,308)	3,074,085
Endowment	funds
Permanent Endowment				2,649,009	(103,650)	2,545,359
TOTAL FUNDS				6,090,402	~470,958)	5,619,444

Comparative	net movement in fun	ds, included in the abov	e are as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds		F	F	E
General fund		680,279	(902,873)	(144,714)	(367,308)
Endowment	funds
Permanent	Endowment		(3,251)	(100,399)	(103,650)
TOTAL FUNDS		680,279	)906,124)	~245,113)	L470,958)