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|||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|
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||||||||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|
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|||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|
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|||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withdrawn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|
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|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|
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||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|
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||||||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|
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|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|
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|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|
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|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|
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|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|
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|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)|
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