Sir John Cotton Flitwick Charity Trustees Annual Report Year Ended 31December 2021 Registered Charity: 205226 Sir John Cotton Flitwick Charity, Registered Charity No 202556 Trustees, Annual Report - Year Ended 31 December 2021 The Trustees, Annual Report for the Sir John Cotton Flitwick Charity is included in this report covering the period from I january 2021 to 31 December 2021 Section A- Referen¢e and administration details Charity name.. Sir John Cotton lor the Flitwick Charitvl Registered charity nLtmber= 202556 Charity's principal address.. 2 London Road, Biggleswade, SG18 8EP Names of the charity trustees who manage the charity are.. Alan Porter Anthony Marshall Madeline Russell Daniel Whiddett Susan Chase Type of Advisor Bank Name arclay5 Bank Address 8iggleswade Sertion B- Strurture* governance and management Below are details of the structure, governance and management of the Group. Type of Governing Document The charity is governed by a Scheme ratified by the Charity Commission on 31 March 2(K)9 How the Charity is constituted The charity Is an unincorporated association managed by Trustees Trustee Selection Methods The Trustees are appointed in accordance with clause 6 of the Scheme Additional Governance Information There are currently five Trustees on the management committee. The Scheme allows for a minimum of three Trustees and a maximum of 7 Section C- Objectives and Activities The object of the Charity, as set out in the Scheme. is to apply the income held by the charity in the following proportions.. lal two ninths to the Parochial Church Council of St Neots- Ibl two ninths to the Parochial Church Council of Holme with Conington,. Icl one ninth to the Parochial ChLtrch Council of Biggleswade,. Sir John Cotton Flitwick Charity, Registered Charity No 202556 Trustees, Annual Report - Year Ended 31 December 2021 Idl two ninths to the charity known as Sir John Cotton's Educational Foundation13118211; lel two ninths to the charity known as Sir john Cotton's Educational IFlitwick Charityl13074351. Section D- Achievements and performance The Trustees continue to oversee the investment of the Charity's funds and to consider ways of maximising the funds available for distribution. The land at Maulden Road, Flitwick continues to be rented out to generate funds for the charity. The CharitV'5 main funds are held and managed by Brooks MacDonald Asset Management and are reviewed by the Trustees annually. Section E - Financial Review In 2021 core income for the charity came from.. Rent - £3,516, Dividends & Interest from investments - £3,708, Wayleave - £510. A surplus of £9,428 was made through the selling and buying of investments although the total increase in the investment fund at the end of the year after charges and dividend5 distributed amounted to £2,247 Costs of administration amounted to £2,557 over the year, with investment management fees of £2,690. The bulk of the administration is now done by Simple Solutions with Pelly's remaining the first point of call for legal issues. Distributions of £7.290 were paid out to beneficiaries. The regular annual distribution is now £6,300. In addition to the 2021 distributions a figure of £990 was paid out to cover past distribution5 not claimed by the beneficiary. Distributions are now paid by standing order on a quarterly bas55 and there are no further unclaimed amounts. There was an overall surplus this year of £6,872, the majority from within the investment portfolio. Rent and Dividends continue to cover Distribution costs with administrative fees being covered by investment income. Full details can be seen in the 2021 financial statements. Section F- Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees.. Signaturelsl Signaturelsl Full namelsl Anthony Michael Howitt Marshall FLIII namelsl Madeline Russell Date.. 17 March 2021 Date.. 17 March 2021 Position= Trustee Position.. Trustee **Charity No: 202556** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2021** ## **FOR THE** **SIR JOHN COTTON FLITWICK CHARITY** **SIR JOHN COTTON FLITWICK CHARITY** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ||**Page**| |---|---| |**Income & Expenditure Account**|1| |**Balance Sheet**|2| |**Notes to the Financial Statements**|3| **SIR JOHN COTTON FLITWICK CHARITY** ## **INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021** |Note
**Income**
Rent
1A
Dividends
Interest
Sale of Investments
Wayleave
**Increase/(Decrease) in Investment Fund**
**Expenditure**
Pellys - administration
Smith Wardle - financial advice
Brooks Macdonald - asset management
Investment trading costs
Purchase of Investments
Brown & Co – commission
Simple Solutions – accountancy & administration
**Distributions**
2
**NET EXPENDITURE OVER INCOME**|**2021**
**£**
**3,516**
**3,708**
**-**
**57,584**
**510**

**346**
**500**
**1,535**
**1,155**
**48,156**
**176**
**1,535**
**7,290**|**£**
**65,318**
**2,247**
**53,403**
**7,290**
**60,693**
**6,872**|2020
£
£
3,516
3,826
3
9,677
985
18,007
12,901
657
500
1,452
394
24,000
158
1,239
28,400
6,135
6,135
34,535
(3,627)| |---|---|---|---| Page 1 ## **SIR JOHN COTTON FLITWICK CHARITY** ## **BALANCE SHEET 31 DECEMBER 2021** |Notes
**CURRENT ASSETS**
Brooks Macdonald Asset Portfolio
3A
Cash at:
Pellys Solicitors
Brooks Macdonald Asset Management
Barclays Bank Plc
Other Debtors
3B
**VAT**
**CURRENT LIABILITIES**
Creditors & Accruals
Distributions not cashed
3C
**NET ASSETS**
**RESERVES**
Previous year’s Reserve
Current Year Surplus
**TOTAL RESERVES**|**2021**
**£**
**189,918**
**2,630**
**19,735**
**10,411**
**-**
**306**
**226,900**
**500**
**-**
**500**
**226,400**|**£**
**219,528**
**6,872**
**226,400**|2020
£
188,827
2,630
12,233
17,748
-
112
221,550
1,157
865
2,022
219,528
|£
223,155
(3,627)
219,528| |---|---|---|---|---| |||||| Page 2 **SIR JOHN COTTON FLITWICK CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** 1. **INCOME** ## **A. RENTAL INCOME** W.J. Palmer: Period 25.03.2021 – 28.09-2021 1,758 Period 29.09.2021 – 24.03.2022 1,758 Central Bedfordshire Council – Folly Farm nil **TOTAL £3,516** **TOTAL** ## **2. DISTRIBUTIONS** - A. SIR JOHN COTTON EDUCATIONAL FOUNDATION BIGGLESWADE (two-ninths share) 01/03/2021 350.00 01/06/2021 350.00 01/09/2021 350.00 01/12/2021 350.00 **Total 1,400.00** - B. SIR JOHN COTTON EDUCATIONAL FOUNDATION HOLME (two-ninths share) 01/03/2021 350.00 01/06/2021 350.00 01/09/2021 350.00 01/12/2021 350.00 **Total 1,400.00** - C. PAROCHIAL CHURCH COUNCIL OF ST ANDREWS BIGGLESWADE (one-ninth share) 01/03/2021 175.00 01/06/2021 175.00 01/09/2021 175.00 01/12/2021 175.00 **Total 700.00** - D. PAROCHIAL CHURCH COUNCIL OF ST MARY’S ST NEOTS (two-ninths share) 01/03/2021 350.00 01/06/2021 350.00 01/09/2021 350.00 01/12/2021 350.00 **Total 1,400.00** Page 3 ## **SIR JOHN COTTON FLITWICK CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021** ## D. PAROCHIAL CHURCH COUNCIL OF ST GILES HOLME WITH CONINGTON (two-ninths share) 01/03/2021 350.00 01/06/2021 350.00 01/09/2021 350.00 01/12/2021 350.00 **Total 1,400.00** ## **2021 DISTRIBUTIONS £6,300.00** **plus** : 2018 contributions re-issued: Sir John Cotton Educational Foundation, Biggleswade £990.00 ## **TOTAL DISTRIBUTIONS: £7,290.00** ## **3. BALANCE SHEET** ## **A. BROOKS MACDONALD ASSET PORTFOLIO** |**A. BROOKS MACDONALD ASSET PORTFOLIO**
**2021**
2020
See Investment Report for detailed breakdown
**189,918**
188,827
**B.**
**OTHER DEBTORS**
**2021**
2020
**£**
£
**VAT**
**306**
-
**306**
-
**C.**
**CREDITORS**
**2021**
2020
**£**
£
Distribution cheques not cleared
**-**
-
Pellys
**-**
597
D Whiddet
**-**
60
Smith Wardle
**500**
500
**500**
1,157|**A. BROOKS MACDONALD ASSET PORTFOLIO**
**2021**
2020
See Investment Report for detailed breakdown
**189,918**
188,827
**B.**
**OTHER DEBTORS**
**2021**
2020
**£**
£
**VAT**
**306**
-
**306**
-
**C.**
**CREDITORS**
**2021**
2020
**£**
£
Distribution cheques not cleared
**-**
-
Pellys
**-**
597
D Whiddet
**-**
60
Smith Wardle
**500**
500
**500**
1,157|**A. BROOKS MACDONALD ASSET PORTFOLIO**
**2021**
2020
See Investment Report for detailed breakdown
**189,918**
188,827
**B.**
**OTHER DEBTORS**
**2021**
2020
**£**
£
**VAT**
**306**
-
**306**
-
**C.**
**CREDITORS**
**2021**
2020
**£**
£
Distribution cheques not cleared
**-**
-
Pellys
**-**
597
D Whiddet
**-**
60
Smith Wardle
**500**
500
**500**
1,157| |---|---|---| |||-| |||2020
£
-
597
60
500| |||1,157| Page 4 **INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE SIR JOHN COTTON FLITWICK CHARITY** I report on the accounts for the year ended 31 December 2021 which are set out on pages 1 to 4 of the Financial Statements. ## **Respective responsibilities of the Executive Committee and the Examiner** The Charity’s trustees are responsible for the preparation of the accounts. The Charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to - examine the accounts under section 145 of the 2011 Act, - follow procedures laid down in the General Directions given by the Charity Commissioners section 145(5)(b) - of the 2011 Act, and - state whether particular matters have come to my attention. ## **Basis of the Independent Examiner’s Statement** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent Examiners Statement** In connection with my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 103 of the 2011 act, or, to prepare accounts which accord with these accounting records have not been met, Or, 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.