## **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: - 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 - The ministry and administration of significant life events; weddings, baptisms, and funerals. ## **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: - Daily Prayer livestreamed on Facebook each weekday from the home of a member of the ministry team. - Morning Prayer resumed in church, led by the ministry team after the vacancy was filled. - Wednesday mornings coffee and reflection ended when the vacancy was filled and the 10am Communion service resumed. - An all-Age Sunday Celebration Service at 9am in Church or on the lawn, weather permitting. - Parish Eucharist worship in Church at 10.30am Sundays continued in Church as permitted throughout the year and was also live streamed. - A new All Together monthly worship service for all ages and stages of life and faith. - 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 all Easter services, In Loving Memory, Baby Loss Service, Midnight Mass and a traditional Carol Service were held in Church. The Christmas Eve afternoon Carol services were replaced by two Christingle services. - A Service of Remembrance was held in memory of our late Queen Elizabeth II - An ecumenical Civic Service was held in conjunction with Flitwick Town Mayor and Town Council. - The re-introduction of Sunday groups for children and young people. 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: - 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. 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: - 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. **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