## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FLITWICK**
## **REPORT AND FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDING**
## **31 DECEMBER 2021**
## CONTENTS
|CONTENTS||
|---|---|
||Page|
|Trustees Report|2|
|Independent examiner's report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the financial statements|9 - 14|
The Parochial Church Council of the Ecclesiastical Parish of Flitwick, is registered with the Charity Commissioners for England and Wales (Charity no. 1169624)
1
## **Parochial Church Council of the Ecclesiastical Parish of Flitwick**
## **TRUSTEES’ REPORT FOR YEAR ENDING 31 DECEMBER 2021**
## **Aim and Purpose**
The Parochial Church Council has the responsibility of co-operating with the Incumbent and during the current vacancy the Churchwardens in promoting in the ecclesiastical parish of Flitwick the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has the responsibility for the maintenance of the Parish Church and Chapter House.
## **Objectives and Activities**
When planning our activities for the year, we have considered the Charity Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through:
- Worship and prayer, learning about the Gospel: developing knowledge and trust in Jesus
- Provision of pastoral care for people living in the parish
- Missionary and outreach work
## **Achievements and Performance**
Worship and Prayer continues to be impacted by COVID 19 and being in vacancy. However, we have continued to be a worshipping community. Our worship has included
- Morning Prayer livestreamed on Facebook each weekday from the home of a member of the ministry team leading to twice a week in person in Church as the year progressed.
- Wednesdays Coffee and Chat on Zoom went back to Church for a Communion service until vacancy then changed to Coffee and Reflection on the Gospel reading in the Chapter House.
- An all-age Sunday Celebration at 9am on the lawn and in the building as restrictions and weather allowed
- Parish Eucharist worship in Church at 10.30am Sundays continued in Church as permitted throughout the year and was also live streamed.
- Lectionaries and devotional materials sent by post for those not online, together with details of worship available by phone, on the radio and television.
- Special services throughout the year including Midnight Mass and a Carol Service were held in Church as well as live streamed. The Christmas Eve afternoon Carol services were replaced by a Christingle service on the lawn.
## Pastoral Offices
The following pastoral services were taken this year:
|**Type of Service**|**2021**|**2020**|
|---|---|---|
|Funerals(Church and Burial)|24|18|
|Internment of Ashes|9|0|
|Baptisms|21|10|
|Funerals(Crematorium)|13|8|
|Weddings|8|0|
2
## Pastoral Care
During COVID restrictions our normal visits to hospital, homes and care homes were not permitted these are restarting as restrictions are being lifted. Mission and Evangelism
Members of the congregation, and our Pioneer Enabler would usually regularly visit schools providing assemblies, RE curriculum support and other activities. These activities continued online by live streaming and zoom recordings
As a Church we continue to make regular contributions to the Need Project food bank, as well as raising money for other charities carrying out Gods work.
Make Lunch continued throughout the year but broke away from the national charity to become Food Extra concentrating on providing local families food boxes during the school holidays, the boxes consisting of lots of fresh produce and recipe cards
Worship continued in Church where possible and on the lawn for Sunday Celebration when the weather allowed. The 10.30am Sunday Eucharist continued to be live streamed therefor allowing more people to come in contact with faith.
## Ecumenical relationships
The church is a member of Churches Together in Ampthill and Flitwick.
## Deanery Synod
Three members of the PCC sit on the Deanery Synod. This provides the PCC with an important link between the parish and the wider structures of the church.
## Buildings
Routine maintenance of our building continues where possible. In 2021 the Quinquennial was carried out pointing out a small number of jobs required which were being dealt with.
## **Financial Review**
Income in 2021 was down £21,045 from the prior year (2021 £68,523 - 2020 £89,568), largely due to the effects of the Covid pandemic and lockdowns. The income streams most affected by Covid were Collections at Services, Fundraising Events and the biggest impact has been a reduction in regular giving.
Last year we offset similar reductions in income against one-off “Other Donations” of £12,724 but in 2021 this figure was £ Nil. The PCC now receives 86 regular planned giving donations, 40 (down from 48) by Direct Debit through the Parish Giving Scheme 38 by Standing Order or Bank Transfer and 8 via our Envelope scheme. This represents a decrease of 12 donors during 2021.
Total expenditure was down £13,204, from the prior year (2021 £80,383 - 2020 £93,587). A reflection of lower running costs due to decreased activity during Covid and to the impact of vacancy. Expenditure currently includes those expenses relating to the sale of St Andrews (£6,997 in 2021). We also incurred £1,008 in costs related to the quinquennial inspection.
3
## **Reserves**
It is PCC policy to try to maintain a balance on free reserves which equates to between three and six months of unrestricted payments. This is equivalent to approximately £20,100 to £40,200. It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of the free reserves (unrestricted reserves which have not been designated by the PCC for use for other purposes) at the year-end were £38,839.
Our PCC legacy policy is to use legacy gifts to help fund significant development projects, whether buildings, equipment, mission or staff. The PCC has created a designated Legacy Reserve Fund to separate legacy donations from free reserves and has transferred the legacies donated in 2019 & 2020 to this reserve. Use of the reserve to fund specific projects requires approval of the PCC via a PCC resolution. At the year-end, the Legacy reserve stood at £28,031.
The costs relating to a future sale of St. Andrew’s Hall have been separated into a separate designated reserve, to be netted off against any future income from that sale. The St Andrews sale reserve had a deficit balance of £9,914 at year end.
The restricted reserves of £23,712 can only be spent for the purposes for which they were originally donated. The largest of these is the Religious Education Fund of £6,992 which can only be spent on Education. The Religious Education Fund receives income from the Old School Sunday School fund.
The endowment reserves of £12,698 are a special kind of restricted fund that must be retained permanently as capital. The income on the PCC’s endowment reserves can only be spent on fabric related items and are paid into the restricted Chancel and Fabric repair funds.
It is our policy to invest cash balances over and above those required to fund day to day expenditure with the CCLA Church of England Deposit Fund. Endowment funds are invested in the CCLA Church of England Investment Fund
## **Structure, governance and management**
The Parochial Church Council of the Ecclesiastical Parish of St Peter & St Paul with St Andrew, Flitwick is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measures. The PCC is a registered charity.
The method of appointment of PCC members is set out in the Church representation Rules. In this parish, the membership of the PCC consists of the incumbent, members of the Ministry team, members of Deanery Synod and members elected by those members of the congregation who are on the electoral roll of the Parish.
## **Administrative Information**
The Parish Church of St Peter and St Paul is situated on Church Road, Flitwick, MK45 1E. The Parish is part of the Diocese of St Albans within the Church of England. The correspondence address is The Vicarage, 26 Dew Pond Road, Flitwick, Bedford, MK45 1RT.
4
PCC members who have served at any time from 1[st] January 2021 until the date this report was approved are:
Incumbent Revd Lucy Davis – Chair until 4[th] July 2021 Churchwardens Mr David Watson Lay Chair until 27[th] April 2021 Mr Chris Macintosh Lay Chair from 27[th] April 2021 Mrs Linda Foale from 27[th] April 2021 Assistant Curate Revd Andrea Maffei until 29[th] August 2021 Representatives of the Dr Anthony Brown from 12[th] October 2020 Deanery Synod Mr Anthony Davis until 27[th] April 2021 Mr David Watson from 27[th] April 2021 Mr David Golding from 12[th] October 2020 Other Elected members Ms Donna Morris (Treasurer) Mrs Linda Foale (secretary until 27[th] April 2021) Mr Nigel Taylor (secretary from 27[th] April 2021) Mrs Jane Thompson (safeguarding until 27[th] July 2021) Mrs Emma Williams (safeguarding from 27[th] July 2021) Ms Becky Mynett (ex-officio from 4[th] July 2021) Mr Ciaran Diver Mrs Sam Davis Mrs Carol Thompson Mr Ian Cook Mrs Heather Macintosh (until 11[th] October 2021) Mrs Karen Rabjohn Mrs Mary McKeand Ms Jo Chandler Mr David Loader
## **Report approved by the PCC on 9[th] October 2022 and signed on their behalf by**
**Christopher Macintosh Linda Foale Mr Chris Macintosh Mrs Linda Foale Churchwarden Churchwarden**
5
## **INDEPENDENT EXAMINER’S REPORT**
## **Report to the Parochial Church Council of the Ecclesiastical Parish of Flitwick. Charity Number 1169624**
I report to the trustees on my examination of the accounts of the above charity (“the PCC”) for the year ended 31 December 2021, set out on pages 7 to 14.
## **Responsibilities and Basis of Report**
As the charity's trustees, you, are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the PCC’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable 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 which gives me cause to believe that in any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Terry Thurley
Terry Thurley October 2022
Gladive, 15 Hampden Close Flitwick Bedford MK45 1HR
6
## **Parochial Church Council of the Ecclesiastical Parish of Flitwick**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 DECEMBER 2021**
|**Note**|**Unrestricted**
**Funds £**|**Restricted**
**Funds £**|**Endowment**
**Funds £**|**Totals**
**£**|**Totals**
**£**|
|---|---|---|---|---|---|
|||||**2021**|**2020**|
|**2 Income and endowments:**||||||
|•
Donations & legacies|59,453|66|0|59,519|83,245|
|•
Income from Church activities|6,991|0|0|6,991|4,122,|
|•
Activities for generating funds|2,079|0|0|2,079|1,671|
|•
Income from Investments|0|2,118|0|2,118|530|
|**Total income:**|**68,523**|**2,184**|**0**|**70,707**|**89,568**|
|||||||
|**3 Expenditure on:**||||||
|•
Raising funds|0|0|0|0|2,442|
|•
Expenditure on Church
activities|80,383|0|0|80,383|91,144|
|**Total expenditure:**|**80,383**|**0**|**0**|**80,383**|**£93,587**|
|||||||
|**Net income/(expenditure)**|**(11,860)**|**2,184**|**0**|**(9,676)**|**(4,018)**|
|||||||
|**Transfers:**||||||
|Gross transfers between funds in|0|0|0|0|0|
|Gross transfers between funds-out|0|0|0|0|0|
|||||||
|**Other recognised gains/losses**||||||
|Gains/losses on investment assets|0|0|0|0||
|Gains on revaluation, fixed assets|0|0|0|0|717|
|||||||
|**Net movement in funds**|**(11,860)**|**2,184**|**0**|**(9,676)**|**(3,301)**|
|||||||
|**Reconciliation of funds:**||||||
|**Total funds brought forward**|**£74,673**|**£24,126**|**£11,103**|**£109,901**|**£113,202**|
|**Total funds carried forward**|**£56,956**|**£23,712**|**£12,698**|**£93,367**|**£109,901**|
The notes on pages 9 to 14 form part of these financial statements
7
## **Parochial Church Council of the Ecclesiastical Parish of Flitwick**
## **BALANCE SHEET AT 31 DECEMBER 20210**
|||**2021**|**2021**|**2020**|**2020**|
|---|---|---|---|---|---|
||**Note**|**£**|**£**|**£**|**£**|
|**Fixed Assets:**||||||
|Tangible assets|7|772||1,207||
|Investments|10|11,103||11,103||
||||**£11,875**||**£12,310**|
|**Current Assets:**||||||
|Cash at bank & in hand||91,952||97,806||
|Debtors||0||2,507||
|||£91,952||£100,312||
|**Current Liabilities:**||||||
|Creditors payable within one year||£10,460||£2,720||
|||||||
|**Net Current Assets:**|||**£81,492**||**£97,592**|
|||||||
|**Total Net Assess**|||**£93,367**||**£109,902**|
|||||||
|**The Funds of the Charity:**||||||
|General|8|32,353||50,221||
|Designated||24,125||24,452||
||||£56,478||£74,673|
|**Restricted Income Funds:**||||||
|Restricted|9|24,191||24,126||
|Endowment|10|12,698||11,103||
||||36,889||£35,229|
|||||||
|**Total Funds of the Charity**|||**£93,367**||**£109,902**|
## **Approved by the PCC on 9[th] October 2022 and signed on their behalf by**
Christopher MacIntosh Mr Christopher Macintosh Deputy Church Warden
Nigel Taylor Mr Nigel Taylor PCC Secretary
8
## **Parochial Church Council of the Ecclesiastical Parish of Flitwick**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2021**
## **1 ACCOUNTING POLICIES**
## **Basis of preparation:**
The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations’ “true and fair view” provisions, together with FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).
The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at fair value.
## **Income and Endowments:**
**Recognition:** These are included in the Statement of Financial Activities (SOFA) when:
1. the PCC becomes legally entitled to the use of the resources; and
2. inflow of economic benefit is probable; and
3. the monetary value can be measured with sufficient reliability.
**Fund Raising:** Funds raised from events and trading activities are reported gross in the SOFA – i.e., before any related costs that may have been deducted from the gross proceeds.
**Grants and donations:** Grants and donations are included in the SOFA when any preconditions preventing their use by the PCC have been met. For collections and planned giving this is when the funds are received.
**Gift Aid Tax claims, etc., on cash donations:** Gift Aid and other tax claims are included in the SOFA at the same time as the cash donations to which they relate.
**Investment gains and losses:** This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
## **Expenditure & Liabilities:**
**Liability Recognition:** Liabilities are recognised as soon as there is a legal or constructive obligation and settlement is probable and quantifiable.
## **Assets:**
**Consecrated and benefice property:** In so far as consecrated and benefice property of any kind is excluded from the statutory definition of “charity” by Section 10(2) (a) and (c) of the Charities Act 2011 such assets are not capitalised in the financial statements.
**Tangible fixed assets for use by charity:** These are capitalised if they can be used for more than one year, and cost at least £400. They are valued at cost.
Depreciation is calculated to write off the capitalized cost of fixed assets less their currently anticipated residual fair value over their estimated useful lives as follows:
## ▪ Office equipment - 5 years
**Investments:** Investments quoted on a recognised stock exchange or whose value derives from them are valued at market value at the year end.
**Short term deposits:** Include cash held on deposit either with the CBF Church of England Funds or at the bank.
## **Funds:**
**Unrestricted Funds:** These represent the funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on future projects.
**Restricted Funds:** These are income funds that must be spent on restricted purposes and details of the funds held and restrictions provided are shown in the notes to the accounts.
**Endowment Funds:** These are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of their restrictions are shown in note 10.
9
|**NOTES TO THE FINANCIAL STATEMENTS (cont.)**|**NOTES TO THE FINANCIAL STATEMENTS (cont.)**|**NOTES TO THE FINANCIAL STATEMENTS (cont.)**||||
|---|---|---|---|---|---|
|||**Unrestricted Funds**|**Restricted**|**Endowment**|**Totals**|
||||**Funds**|**Funds**||
|**NOTES TO THE FINANCIAL STATEMENTS (cont.)**|**NOTES TO THE FINANCIAL STATEMENTS (cont.)**|**NOTES TO THE FINANCIAL STATEMENTS (cont.)**|**NOTES TO THE FINANCIAL STATEMENTS (cont.)**|**NOTES TO THE FINANCIAL STATEMENTS (cont.)**|**NOTES TO THE FINANCIAL STATEMENTS (cont.)**|**NOTES TO THE FINANCIAL STATEMENTS (cont.)**|
|---|---|---|---|---|---|---|
||**Unrestricted Funds**||**Restricted**
**Funds**|**Endowment**
**Funds**|**Totals**||
||**General**|**Designated**|||**2021**|**2020**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|**2. Income & endowments**|||||||
||||||||
|**Donations & legacies**|||||||
|Parish Giving Scheme|22,680|0|0|0|22,680|65,262|
|Regular Stewardship (Gift
Aided)|14,769|0|0|0|0
14,769|0|
|Regular Stewardship (Not
Gift Aided)|3,140|0|0|0|0
3,140|0|
|Donations (Gift Aided)|2,401|0|0|0|2,401|2,611|
|Donations (Not Gift Aided)|2,155|0|0|0|2,155|0|
|Donation machine|829|0|0|0|829|0|
|Charities Aid Foundation|2,487|0|0|0|2,487|0|
|PayPal|811|0|0|0|811|0|
|Candle stand Donations|630|0|0|0|630|0|
|Gift Aid Tax Reclaim|7,455|0|0|0|7,455|0|
|Listed Places of Worship|284|0|0|0|284|0|
|Historic Churches Grant|70|0|0|0|70|0|
|Philippian Trust|80|0|0|0|80|0|
|Coffee|12|0|0|0|12|0|
|Covid Grant Central Beds
Council|2,000|0|0|0|2,000|0|
|Assistance with costs during
vacancy|(350)|0|0|0|(350)|0|
|Make Lunch/Transforming
Life’s (net)|0|0|66|0|0|1,200|
|Other donation|0|0|0|0|0|12,737|
|Grants for Religious
Education|0|0|0|0|0|1,435|
|**Total Donations & Legacies**|**£59,453**|**£0**|**£66**|**£0**|**£59,519**|**£83,245**|
||||||||
|**Income from Church**
**Activities**|||||||
|Weddings|2,314|0|0|0|2,314|2,576|
|Funerals|4,677|0|0|0|4,677|1,546|
|Parish Magazine
Subscriptions|0|0|0|0|0|0|
|**Total Income from Church**
**Activities**|**£6,991**|**£0**|**£0**|**£0**|**£6,991**|**£4,122**|
||||||||
|**Activities for Generating**
**Funds**|||||||
|Fundraising Events|0|0|0|0|0|607|
|Parish Magazine Advertising|20|0|0|0|20|100|
|Chapter House Letting|2,059|0|0|0|2,059|964|
|**Total Activities for Generating**
**Funds**|**£2,079**|**£0**|**£0**|**£0**|**£2,079**|**£1,671**|
||||||||
|**Income from Investments**|||||||
|Bank interest|0|0|0|0|0|218|
|Dividends from Investment
Funds|0|0|2,118|0|2,118|312|
|**Total Income from**
**Investments**|**£0**|**£0**|**£2,118**|**£0**|**£2,118**|**£530**|
||||||||
|**Total Income & Endowments**|**£68,523**|**£0**|**£2,184**|**£0**|**£70,707**|**£89,568**|
10
## **NOTES TO THE FINANCIAL STATEMENTS (cont.)**
||**Unrestricted Funds**|**Unrestricted Funds**|**Restricted**
**Funds**|**Endowment**
**Funds**|**Totals**|**Totals**|
|---|---|---|---|---|---|---|
||**General**|**Designated**|||**2021**|**2020**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|**3. Expenditure:**|||||||
||||||||
|**Raising Funds:**|||||||
|Giving & Gift Aid costs
(Netted Off for 2021)|0|0|0|0|0|160|
|Sale of St Andrews Costs
(2020 charge written back &
shown as a Debtor at
31/12/21)|0|0|0|0|0|2,282|
|**Raising Funds Totals**|**£0**|**£0**|**£0**|**£0**|**£0**|**£2,442**|
||||||||
|**Expenditure on Church**
**Activities:**|||||||
|Parish Share|56,818|56,818|0|0|56,818|61,023|
|Parish Clergy Expenses|3,745|3,745|0|0|3,745|1,261|
|Worship Supplies & Costs of
Services|268|268|0|0|268|2,115|
|Organist & Organ|1,337|1,337|0|0|1,337|415|
|Director of Music Salary|2,050|2,050|0|0|2,050|2,084|
|Parish Administrator Salary|3,568|3,568|0|0|3,568|2,879|
|Administration & parish
Office Costs|1,461|0|0|0|0|1,826|
|Training & Safeguarding|46|46|0|0|46|10|
|Cleaning & Routine
Maintenance|2,589|2,589|0|0|2,589|2,875|
|Gas, Electric & Water|2,934|2,934|0|0|2,934|2,762|
|Insurance|2,346|2,346|0|0|2,346|2,067|
|Depreciation|435|435|0|0|435|436|
|Bank Charges|121|121|0|0|121|0|
|Bike Rack|289|289|0|0|289|0|
|Quinquennial Inspection
Report|1,008|1,008|0|0|1,008|0|
|Advert New Vicar|459|459|0|0|459|0|
|Repair Bell|479|0|479|0|479|0|
|Sound Speaker|370|370|0|0|370|0|
|Flowers|20|20|0|0|20|0|
|Beds & Herts Historic Trust|40|40|0|0|40|0|
|Fresh Expression Costs|0|0|0|0|0|27|
|Education & Children|0|0|0|0|0|439|
|Make Lunch Costs|0|0|0|0|0|533|
|Mission Giving|0|0|0|0|0|1,405|
|Mission & Evangelism|0|0|0|0|0|59|
|Other Church Running Costs|0|0|0|0|0|57|
|Parish Magazine Costs|0|0|0|0|0|354|
|Major Repairs &
Maintenance|0|0|0|0|0|714|
|Major Installations|0|0|0|0|0|3,422|
|Upkeep of Churchyard|0|0|0|0|0|3,780|
|St Andrews Running Costs|0|0|0|0|0|601|
|**Expenditure on Church**
**Activities:**|**£80,383**|**£79,904**|**£479**|**£0**|**£80,383**|**£91,144**|
||||||||
|**Expenditure Grand Total**|**£80,383**|**£79,904**|**£479**|**£0**|**£80,383**|**£93,587**|
11
## **NOTES TO THE FINANCIAL STATEMENTS (cont.)**
|**4**|**Staff Costs & Employee Benefits**|**2021**|**2020**|
|---|---|---|---|
|||||
||Wages & Salaries|5,618|4,963|
|||||
||Employees|2|2|
|||||
||During the year the PCC employed a Director of Music and a Parish Administrator (both part-time).
Payments were not large enough to attract social security costs.|||
|**5**|**Transactions with Trustees**|
|---|---|
|||
||During the year the Rev’d Lucy Davis, chair of the PCC and the Rev’d Andrea Maffei, a PCC member,
received a total of £3,596 of expenses related to the performance of their duties as parish clergy. In addition,
a further £149 was paid to visiting clergy during vacancy. All expenses are consistent with Church of
England guidance on the parochial expenses of clergy. During the year members of the PCC, were
reimbursed for expenditure incurred as agents on behalf of the PCC. These other payments were recorded
in the accounts under the relevant expenditure category.|
|**6**|**Independent Examiners Remuneration:**|
|---|---|
|||
||The Independent Examiner was not remunerated for his work on the 2021 accounts (2021 £nil)|
|**7**|**Tangible Fixed Assets**|**Cost 1st**
**Jan’21**|**Accum**
**Dep 1st**
**Jan’21**|**Net Value**
**1st Jan’21**|**Dep in**
**2021**|**Carrying**
**Value 31st**
**Dec’21**|
|---|---|---|---|---|---|---|
||||||||
||Office Computer|499|300|199|100|99|
||Photocopier|1,680|672|1,008|336|672|
||Carry forward value 31stDec’21|£2,179|£972|£1,207|£436|£771|
||||||||
|**8**|**Unrestricted Funds**|**1st Jan’21**|**Income**|**Expend**|**Transfers**|**31st**
**Dec’21**|
||General Fund|50,220|68,523|79,904|0|38,839|
||Legacy Fund (Designated)|27,370|661|0|0|28,031|
||St Andrews Sale Fund (Designated)|(2,917)|0|6,997|0|(9,914)|
||||||||
||**Total Unrestricted Funds**|**£74,673**|**£69,184**|**£87,380**|**0**|**£56,956**|
||||||||
||Legacy gifts are used to help fund significant projects, whether building, equipment, mission or staff.||||||
12
## **NOTES TO THE FINANCIAL STATEMENTS (cont.)**
|**9**|**Restricted Funds**|**1st Jan’21**|**Income**|**Expend**|**Transfers**|**Gains/**
**(Losses)**|**31st**
**Dec’21**|
|---|---|---|---|---|---|---|---|
||Religious Education Fund|6,992|0|0|0|0|6,992|
||Lynch Gate Repair Fund|3,751|0|0|0|0|3,751|
||Fabric Repair Fund|3,189|0|0|0|0|2,5323,18
9|
||Bell Fund|3,011|0|479|0|0|2,532|
||Fresh Expression Fund|2,588|0|0|0|0|2,588|
||Furnishing Fund|1,673|0|0|0|0|1,673|
||Make Lunch Fund|977|66|0|0|0|1,043|
||Choir Fund|689|0|0|0|0|689|
||Chancel Fabric Fund|536|0|0|0|0|536|
||Pither Legacy (Charitable uses in
Parish) Fund|476|0|0|0|0|476|
||Appeals for Charity Fund|183|0|0|0|0|183|
||Church Flowers Fund|60|0|0|0|0|60|
||**Total**|**£24,125**|**£66**|**£0**|**£0**|**£0**|**£23,712**|
|**Restricted Funds have been donated to the PCC for the specific purposes**
**and may only be used for the purpose for which they were donated.**|**Restricted Funds have been donated to the PCC for the specific purposes**
**and may only be used for the purpose for which they were donated.**|
|---|---|
|Religious Education Fund|Represents the accumulated income from the Old School Endowment, a separate
charity of which the Vicar and Churchwardens are Trustees. The income of such
Endowment Funds is restricted by an Act of Parliament and can only be used for
Religious Education.|
|Lynch Gate Repair Fund|Represents amounts donated to fund the repairs to the Lynch Gate in 2018/19.
The remaining balance will be spent on completion of the planned repairs and
future repairs to the Lynch Gate.|
|Fabric Repair Fund|Represents amounts donated by individuals as well as the Friends of Flitwick
Church and is restricted to, expenditure on the fabric of the church building
(including the Chapter House) and the Churchyard.|
|Bell Fund|Is restricted to repairs and maintenance of the Bells and other Bellringing
expenses.|
|Fresh Expression Fund|Is the balance of a grant from the Dioceses of St Albans towards the costs of
Flitwick FX.|
|Furnishing Fund|Is restricted to expenditure on furnishings for the Church and Chapter House.|
|Make Lunch Fund|Represents donations towards the Make Lunch scheme to provide meals to
families in food poverty.|
|Choir Fund|Represents donations by individuals for Choir related expenditure.|
|Chancel Fabric Fund|Is restricted by the Ecclesiastical Dilapidations Measure 1923 to repairs to the
Church Building and Churchyard.|
|Pither Legacy (Charitable
uses in Parish) Fund|Is restricted to charitable use within the Parish and is spent at the discretion of the
incumbent.|
|Appeals for Charity Fund|Represents collections for specific Charities which have yet to be paid to the
Charity.|
|Church Flowers Fund|Represents donations to the Church Flower Fund, which is administered by the
Flower Arrangers.|
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|**10**|**Endowment Funds/Fixed**
**Asset Investments**|**1st Jan’21**|**Income**|**Expend**|**Transfers**|**Gains/**
**(Losses)**|**31st**
**Dec’21**|
|---|---|---|---|---|---|---|---|
||Brooks Legacy Endowment
(Fabric)|5,602|163|0|0|806|6,408|
||Byron Bequest Endowment
(Fabric)|308|9|0|0|42|350|
||Chancel Endowment Fund
(Chancel Fabric)|5,193|1,946|0|0|747|5,940|
||**Total**|**£11,103**|**£2,118**|**£0**|**£2**|**£1,595**|**£12,698**|
|||||||||
||These Endowment Funds are restricted funds, that must be retained as trust capital permanently and
generate income for the PCC to be used for restricted purposes. Income from the Brooks and Byron funds is
restricted to fabric expenditure and is recorded against the restricted Fabric Fund. Income from the Chancel
Fund is recorded against the restricted Chancel Fund.
These Funds are invested in The CBF Church of England Investment Fund. Income from them is restricted
to fabric expenditure.|||||||
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