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2022-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FLITWICK

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDING

31 DECEMBER 2022

CONTENTS

CONTENTS
Page
Trustees Report 2 - 6
Independent examiner's report 7
Statement of fnancial activities 8
Balance sheet 9
Notes to the fnancial statements 10 - 15

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 2022

Aim and Purpose

The Parochial Church Council has the responsibility of co-operating with the Incumbent and 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 all people to be able to live out their faith as part of our parish community through:

Achievements and Performance

Worship and Prayer continues to be impacted by COVID 19 and being in vacancy for part of the year. However, we have continued to be a worshipping community. Our worship has included:

2

Pastoral Ofces

The following pastoral services were taken this year:

Type of Service 2022 2021
Funerals (ChurchandBurial) 20 24
Internment of Ashes 5 9
Baptisms 11 21
Funerals(Crematorium) 5 13
Weddings 10 8

Pastoral Care:

As restrictions began to lift, normal hospital visiting, pastoral care visits and home communions resumed. Visits to care homes began again towards the end of the year and continue to be monitored closely by the homes.

Mission and Evangelism:

Our Pioneer Enabler, along with the Open the Book team regularly visited schools to take assemblies throughout the year. Harvest and Christmas services were taken into schools by our incumbent and Pioneer Enabler.

Our Eco-church team was relaunched as restrictions lifted and a new focus has been given to our churches environmental impact.

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.

Messy Church, our outreach service to families, resumed in October and was such a success that a second one was run at Christmas.

Flitwick Food Extra (FFX) continued throughout the year. Providing local families food boxes during the school holidays, the boxes consisting of lots of fresh produce and recipe cards.

Worship has continued in Church 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 our services.

Ecumenical Relationships:

The church is a member of Churches Together in Ampthill and Flitwick, and we are now building strong relations with Kings Baptist Church.

3

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.

Financial Review:

Income and expenditure:

Description 2022 £ 2021 £ Comments
Income £73,727 £70,845 Income for the year was slightly up.
Due to a return to regular worship in
church, and grants from the diocese to
helpwith Energycosts.
Expenditure £73,004* £87,380* Like all households the impact of the
dramatic increase in energy costs is a
serious and ongoing concern for our
church.
Surplus/
(Defcit)		 £723 £ (16,535)

*Expenditure on St Andrews was incorrectly charged to reserves of £6,997 in 2021 & £2,917 in earlier years. This is reversed in 2022 £9,914. This is a debtor and fully refundable.

Giving:

Type of Stewardship/Giving 2022 2021
Number of Parishioners who support our church via the
monthlyParish Givingscheme.		 41 40
Number of Parishioners who support our church via a
monthly/weeklystandingorder.		 14 38
Number of Parishioners who support our church via the
regular Gift Aid envelope scheme.		 10 8

To ease the administration burden on our church and to improve cash flow, we are actively asking parishioners to consider moving to the Parish Giving scheme.

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 £20,150 to £42,300 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 £36,915.

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. Use of Legacy Reserves to fund specific projects requires approval of the PCC via a PCC resolution. At the yearend, the Legacy reserve stood at £24,125 (2021 £24,125).

4

The costs relating to a future sale of St. Andrew’s Hall have been identified and will be recovered when St. Andrew’s Hall is sold. As at 31[st] December the balance was £10,204 (2022 £9,914).

The restricted reserves of £21,947 (2021 £24,191) 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 £11,211 (2021 £11,103) 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 registered with the Charity Commissioners for England and Wales (Charity no. 1169624)

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.

5

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.

The following have served as members of the PCC during the calendar year ending 31 December 2022. The number of meetings attended is shown in brackets.

Incumbent Rev Claire Harald (6) From 5 May 2022
Church Warden Linda Foale (7) Elected 16 May 2022
Church Warden Christopher MacIntosh (9) Church Warden until 16
May
2022
Church Warden Richard Fullbrook (4)
Elected 16 May
2022
Deanery Synod Tony Brown (9)
Deanery Synod David Watson (9)
Treasurer Donna Morris (1) Resigned 12 September 2022
Treasurer Terry Thurley (3) Co-opted 12 September 2022
Secretary Nigel Taylor (9)
Safeguarding Ofcer Emma Williams (7)
Joanna Chandler (6)
Ian Cook (0) Resigned 10 March 2022
Samantha Davis (6)
Ciaran Diver (7)
David Golding (3)
Emma Herman (7) Co-opted 10 January
2022
David Loader (1)
Mary McKeand (9)
Becky Mynett (3)
Karen Rabjohn (0)
John Staford (4) Elected 16 May 2022
Carol Thompson (7)
Sophie Tucker (8) Co-opted 10 January 2022

Report approved by the PCC on 13[th] September 2023 and signed on their behalf by:

Linda Foale Churchwarden

Richard Fullbrook Churchwarden

6

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 2022, set out on pages 8 to 15.

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:

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.

27[th] August 2023

Natalie Coleman FCCA Chartered Certified Accountant 24 Dew Pond Road Flitwick Bedford MK45 1RT

8

Parochial Church Council of the Ecclesiastical Parish of Flitwick

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 DECEMBER 2022

Not
e		 Unrestrict
ed
Funds £		 Restrict
ed
Funds £		 Endowm
ent
Funds £		 Totals
£		 Totals
£
2022 2021
Income and endowments: 2

Grants		 1,279 0 0 1,279 2,070

Donations & legacies		 57,952 2,246 0 60,198 57,587

Income from Church
activities		 8,031 0 0 8,031 6,991

Activities for generating
funds		 1,486 0 0 1,486 2,079

Incomefrom Investments		 2,733 0 0 2,733 2,118
Total income: £71,481 £2,246 £0 £73,727 £70,845
Expenditure on: 3

Raisingfunds		 0 0 0 0 0

Expenditure on Church
activities		 70,652 2,352 0 73,004 87,380
Total expenditure: £70,652 £2,352 £0 £73,004 £87,380
Net Surplus/(Defcit) before
investmentgains /(losses)		 £829 (£106) £0 £723 £ (16,535)
Transfers between funds £2,138 £
(2,138)		 £0 £0 £0
Other recognised
gains/losses
Unrealised Gains/(losses) on
investment assets		 0 0 108 108 0
Net movement in funds £2,967 (£2,244) £108 £831 £(16,535)
Reconciliation of funds:
Total funds brought forward £58,073 £24,191 £11,103 £93,367 £109,902
Total funds carried forward £61,040 £21,947 £11,211 £94,198 £93,367

The notes on pages 9 to 15 form part of these financial statements

9

Parochial Church Council of the Ecclesiastical Parish of Flitwick

BALANCE SHEET AT 31 DECEMBER 2022

2022 2022 2021 2021
Not
e		 £ £ £ £
Fixed Assets:
Tangible assets 7 0 772
Endowment investments 8 11,211 12,845
Total Fixed Assets £11,211 £13,617
Current Assets:
Cashatbank 11 80,157 91,952
Debtors &prepayments 9 11,099 0
Total Current Assets £91,256 £91,952
Creditors: amounts falling due
within oneyear		 10 £8,269 £10,460
Net Current Assets: £82,987 £81,492
Total Net Assess £94,198 £93,367
The Funds of the Charity:
Unrestricted 12 61,040 58,073
Restricted 13 21,947 24,191
Endowment 14 11,211 11,103
Total Funds of the Charity £94,198 £93,367

Approved by the PCC on 10[th] May 2023 and signed on their behalf by

Mrs Linda Foale Churchwarden

Mr Richard Fullbrook Churchwarden

10

Parochial Church Council of the Ecclesiastical Parish of Flitwick

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2022

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 as the applicable accounting standards and 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:

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.

Designated Funds: These represent unrestricted funds that are set aside for a designated purpose.

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.

11

NOTES TO THE FINANCIAL STATEMENTS (cont.)

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.

Unrestricted
Funds		 Unrestricted
Funds		 Restrict
ed
Funds		 Endowm
ent
Funds		 Totals Totals
2. Income & endowments Gener
al		 Designat
ed		 2022 2021
£ £ £ £ £ £
Grants
Energy Grant 1,279 0 0 0 1,279 0
Historic Churches Grant 0 0 0 0 0 70
Covid Grant Central Beds
Council		 0 0 0 0 0 2,000
Total Grants Received £1,279 £0 £0 £0 £1,279 £2,07
0
Donations & legacies
ParishGiving Scheme 21,343 0 0 0 21,343 22,680
Regular Stewardship (Gift
Aided)		 12,185 0 0 0 12,185 14,769
Regular Stewardship (Not Gift
Aided)		 2,340 0 0 0 2,340 3,140
Donations(Gift Aided) 2,026 0 0 0 2,026 2,401
Donations (NotGift Aided) 5,060 0 2,246 0 7,306 2,293
Donation machine 1,432 0 0 0 1,432 829
CharitiesAidFoundation 600 0 0 0 600 2,487
Candle stand Donations 344 0 0 0 344 630
Gift AidTax Reclaim 9,987 0 0 0 9,987 7,455
Philippian Trust 1,160 0 0 0 1,160 80
LittleFishes 200 0 0 0 200 0
Flitwick Town Council 100 0 0 0 100 0
St AlbansDiocese 1,175 0 0 0 1,175 0
PayPal 0 0 0 0 0 811
ListedPlaces of Worship 0 0 0 0 0 284
Cofee 0 0 0 0 0 12
Assistance with costs during
vacancy		 0 0 0 0 0 (350)
Make Lunch/Transforming
Life’s(net)		 0 0 0 66
Total Donations & Legacies £57,95
2		 £0 £2,246 £0 £60,198 £57,5
87
Income from Church Activities
Weddings 3,105 0 0 0 3,105 2,314
Funerals 4,926 0 0 0 4,926 4,677
Total Income from Church
Activities		 £8,031 £0 £0 £0 £8,031 £6,99
1
Activities for Generating
Funds
Parish Magazine Advertising 55 0 0 0 55 20
Xmas Stars 83 0 0 0 83 0
Chapter House Letting 585 0 0 0 585 2,059
VillageHallCofeeMorning 330 0 0 0 330 0
SundayMorningcofee 165 0 0 0 165 0

12

Quiz 268 268 0 0 0 0 0 0 268 268 0
Total Activities for Generating
Funds		 £1,486 £0 £0 £0 £1,486 £2,07
9
Income from Investments
Bank interest 345 0 0 0 345 0
Dividends from Investment
Funds		 2,388 0 0 0 2,388 2,118
Total Income from
Investments		 £2,733 £0 £0 £0 £2,733 £2,11
8
Total Income & Endowments £71,48
1		 £0 £2,246 £0 £73,727 £70,8
45
Unrestricted
Funds		 Restrict
ed
Funds		 Endowm
ent
Funds		 Totals
Gener
al		 Designat
ed		 2022 2021
£ £ £ £ £ £
3. Expenditure:
Expenditure on Raising Funds 0 0 0 0 0 0
Expenditure on Church
Activities:
ParishShare 55,757 0 0 0 55,757 56,818
Parish ClergyExpenses 331 0 0 0 331 3,745
Worship Supplies & Costs of
Services		 619 0 0 0 619 268
Organist and Organ
repairs/maintenance		 1,550 0 0 0 1,550 1,337
Repairsto organ 200 0 0 0 200
Music licence 171 0 0 0 171
RoyalChoirSchool 45 0 0 0 45
Choir Director 2,050 0 0 0 2,050 2,050
Parish AdministratorSalary 3,516 0 0 0 3,516 3,568
Broadband/Ofce
Software/Zoom/Printing/Postage
& Stationeryetc.		 2,431 0 0 0 2,431 1,467
Cleaning 1,150 0 0 0 1,150 0
Repairs & Maintenance 2,437 0 0 0 2,437 0
Cleaning &RoutineMaintenance 0 0 0 0 0 2,589
Light & Heat Parish Ofce 1,021 0 0 0 1,021 0
Light&HeatChurch 4,193 0 0 0 4,193 0
Electric St Andrews 48 0 0 0 48 0
WaterChurch 259 0 0 0 259 0
Gas,Electric & Water 0 0 0 0 0 2,934
Insurance 2,487 0 0 0 2,487 2,346
Depreciation 772 0 0 0 772 435
BankCharges 110 0 0 0 110 121
Flowers -63 0 0 0 -63 20
Beds &HertsHistoricTrust 40 0 0 0 40 40
Mission 35 0 0 0 35 0
Upkeep ofChurchyard 219 0 0 0 219 0
Rev’d Claire’s Induction 353 0 0 0 353 0
Safeguarding 3 0 0 0 3 46
Miscellaneous 455 0 0 0 455 0
Corgi HomePlan 252 0 0 0 252 0
Guide Dogs for the Blind 60 0 0 0 60 0
Eco Church 29 0 0 0 29 0

13

MessyChurch 28 0 0 0 28 0
BaptismCards 8 0 0 0 28 0
Bike Rack 0 0 0 0 0 289
Quinquennial Inspection Report 0 0 0 0 0 1,008
Advert New Vicar 0 0 0 0 0 459
Repair Bell 0 0 0 0 0 479
Sound Speaker 0 0 0 0 0 370
FFX Food 0 0 2,352 0 2,352 0
Adjustment to St Andrews
Expenses		 (9,914) 0 0 0 (9,914) 6,997
Expenditure on Church
Activities:		 £70,65
2		 £0 £2,352 £0 £73,00
4		 £87,3
80

14

NOTES TO THE FINANCIAL STATEMENTS (cont.)

4 Staf Costs & Employee Benefts 2022 2021
Wages & Salaries £5,566 £5,618
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.
No employeereceived employee beneftsfor the yearof morethan £60,000.

5 Transactions with Trustees During the year the Rev’d Claire Harald, chair of the PCC, received a total of £331 of expenses related to her duties within the parish. 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 her work on the 2022 accounts (2021 £Nil).

7 Tangible Fixed Assets Ofce
Equipme
nt		 Total Total
Cost
At 1st January2022 £2,180 £2,180
Additions 0 0
Disposals 0 0
At31st December 2022 £2,180 £2,180
Depreciation
At 1st January2022 £1,409 £1,409
Depreciation £771 £771
Disposals 0 0
At31st December 2022 £2,180 £2,180
Net Book Value at 1st January2022 £771 £771
Net Book Value at 31stDecember
2022		 £0 £0
8 Investments Valuation
at 31st
December
2022		 Valuation
at 31st
December
2021
Listed Investments £11,211 £11,103
9 Debtors and Prepayments 2022 2021
Prepayments £895 0
Other Debtors £10,204 0
£11,099 0

15

NOTES TO THE FINANCIAL STATEMENTS (cont.)

10 Creditors & Accruals
2022		 2021
Trade Creditors
£8,269		 £10,460
Accruals
0		 0
£8,269 £10,460
11 Cash at bank& in hand
2022		 2021
Short Term Deposit Accounts
£52,796		 0
Cash at bank
£27,362		 £91,952
£80,158 £91,952
12 Funds of The Charity
1st		 Income Expend Transfer 31st
Jan’22 s Dec’22
General Fund
33,948		 71,481 70,652 2,138 36,915
LegacyFund (Designated)
24,125		 0 0 0 24,125
Total Unrestricted Funds
£58,073		 £71,481 £70,652 2,138 £61,040
Legacy funds are used to help fund signifcant projects, whether building, equipment, mission
or staf.
1
3		 Restricted Funds Restricted Funds 1st
Jan’22		 Income Expend Transfe
rs		 Gains/
(Losses
)		 31st
Dec’22
Religious Education Fund 6,992 0 0 0 0 6,992
LychGateRepair Fund 3,751 0 0 0 0 3,751
Fabric Repair Fund 3,189 0 0 0 0 3,189
Bell Fund 3,011 460 0 0 0 3,471
FFX(Flitwick Food Extra) 3,631 1,785 2,351 (2,138) 0 927
FurnishingFund 1,673 0 0 0 0 1,673
Choir Fund 689 0 0 0 0 689
Chancel FabricFund 536 0 0 0 0 536
Pither Legacy (Charitable
usesin Parish)Fund		 476 0 0 0 0 476
Appeals for CharityFund 183 0 0 0 0 183
Church FlowersFund 60 0 0 0 0 60
Total £24,191 £2,245 £2,351 (£2,138
)		 £0 £21,947
Restricted Funds have been donated to the PCC for the specifc purposes,
and may only be used for thepurpose 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 onlybe 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
plannedrepairs andfuturerepairstotheLynchGate.
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 (includingthe Chapter House)and the Churchyard.
Bell Fund Is restricted to repairs and maintenance of the Bells and other Bellringing
expenses.
FFX(Flitwick Food Isthe balance of theFFX Fund.
1
3		 Restricted Funds Restricted Funds 1st
Jan’22		 Income Expend Transfe
rs		 Gains/
(Losses
)		 31st
Dec’22
Religious Education Fund 6,992 0 0 0 0 6,992
LychGateRepair Fund 3,751 0 0 0 0 3,751
Fabric Repair Fund 3,189 0 0 0 0 3,189
Bell Fund 3,011 460 0 0 0 3,471
FFX(Flitwick Food Extra) 3,631 1,785 2,351 (2,138) 0 927
FurnishingFund 1,673 0 0 0 0 1,673
Choir Fund 689 0 0 0 0 689
Chancel FabricFund 536 0 0 0 0 536
Pither Legacy (Charitable
usesin Parish)Fund		 476 0 0 0 0 476
Appeals for CharityFund 183 0 0 0 0 183
Church FlowersFund 60 0 0 0 0 60
Total £24,191 £2,245 £2,351 (£2,138
)		 £0 £21,947
Restricted Funds have been donated to the PCC for the specifc purposes,
and may only be used for thepurpose 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 onlybe 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
plannedrepairs andfuturerepairstotheLynchGate.
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 (includingthe Chapter House)and the Churchyard.
Bell Fund Is restricted to repairs and maintenance of the Bells and other Bellringing
expenses.
FFX(Flitwick Food Isthe balance of theFFX Fund.

16

Extra) Extra)
Furnishing Fund Is restricted to expenditure on furnishings for the Church and Chapter
House.
Choir Fund Represents donations byindividualsforChoir related expenditure.
Chancel Fabric Fund Is restricted by the Ecclesiastical Dilapidations Measure 1923 to repairs
tothe 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 specifc Charities which have yet to be paid to
the Charity.
Church Flowers Fund Represents donations to the Church Flower Fund, which is administered
bythe Flower Arrangers.
14 Endowment Funds/Fixed
Asset Investments		 Income
Generat
ed
2022		 1st
Jan’22		 Expend Transfe
rs		 Unreali
sed
Gains/
(Losses
)		 31st
Dec’22
Brooks Legacy Endowment
(Fabric)		 168.38 5,602 0 0 54 5,657
Byron Bequest Endowment
(Fabric)		 9.21 307 0 0 3 310
Chancel Endowment Fund
(Chancel Fabric)		 156.08 5,194 0 0 51 5,244
Total £11,103 £0 £0 £108 £11,211
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
restrictedtofabric expenditure.

15 Old Sunday School Fund: When the Old Sunday School was sold the proceeds were placed in Trust with the Diocese. The Funds were/are to be used for the “ purpose of religious education of the children of Flitwick” . The Vicar and Church Wardens decide how the monies should be spent, not the Parochial Church Council (PCC). As the Old Sunday School Fund is not controlled by the PCC, it does not need to be reflected in these accounts. For information purposes only - the value of the Old Sunday School Fund as at 31[st] December 2022 was £51,631 (2021 £58,485).

17