Sir John Cotton Flitwick Charity Trustees Annual Report Year Ended 31December 2024 Registered Charlty: 205226 Sir John Cotton Flitwick Charitvi Registered Charity No 202556 Trustees, Annual Report- Year Ended 31 December 2024 The Trustees, Annual Report for the Sir John Cotton Flitwick Charity is included in this report coverin8 the period from ljanuary 2024 to 31 December 2024 Sectlon A- Reference and admSn15tratlon detalls Charlty name: Sir John Cotton lor the Flitwick Charltyl Registered charity number.- 202556 Charitvs principal addre5s- 2 London Road. Biggleswade. SG18 8EP Names of the charity trustees who manage the charity are. Alan Porter Madeline Russell Daniel Whiddett Susan Chase Type of Advlsor Bank Name Barclays Bank Address 8iggleswade Sectlon B- Structure• governance and management Below are details of the structure, Bovernance and mana8ement of the Group. Type of Govemln8 Document The charity is governed by a Scheme ratffied by the Charity Commission on 31 March 21XJ9 How the Charlty Is consfftuted The charity is an unincorporated association mana8ed by Trustee5 Trustee Selertlon Methods The Trustees are appointed in accordance with clause 6 of the Scheme Additional Governance Irrformation There are currently fourTrustees on the management commlttee. The Scheme allowsfor a minimum ofthree Trustees and a maximum of7 Sertion C- Oblectlves and A¢tivltles 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 Conlngton; Icl one ninth to the Parochial Church Council of Biggleswade,. Sir John Cotton Flitwick Charity. Reglstered Charlty No 202556 Trustees. Annual Report- Year Ended 31 December 2024 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 Charity}13074351. Sectlon D- Achlevements and perfornian The Trustees continue to oversee the investment of the Charity's fund5 and to consider ways of maximlslng the funds available for distribution. The land at Maulden Road, Flitwick continues to be rented out to generate funds for the charity. The Charivs main funds are held and manaRed by Brooks MacDonald Asset Management and are reviewed by the Trustees annually. Sectlon E- Hnanclal Revlew In 2024 core income for the charity came from: Rent- £3,516, Dividends & Interest from investments- £5.106. Wayleave- £526. The use of cash holdings to purchase Investment units resulted in a deficFt of £2,680 being made through the selling and buying of investments. The total value of the investment fund rose by £18,034 by the end of the year after charges and dividends distributed had been accounted for. Costs of administration amounted to £2,677 over the year, with investment management fees of £2,413. The bulk of the administration continues to be done by Simple Solutions with Pellvs remaining the first point of call for legal issues. Distributions of £6,3IXI were paid out to beneficiaries. All distributions are up to date and paid by quarterly standin8 order. There was an overall surplus this year of £10.056, the majority from within the investment portfolio. Rent and Dividend5 continue to cover Dlstrlbutions and adminlstratSon costs with investment fees bein8 deducted at source from the investment portfolio. Full details can be seen in the 2024 financial statements. Sectlon F- Declaratlon The trustees declare that they have approved the tru5tees' report above. Signed on behalf of the charitV5 trustees: Signaturelsl Signaturels) AL￿1 Full namèls) Alan Brian Porter Full namelsl Madeline Russell Date: 09 June 2025 Date: 09 June 2025 Position; Trustee Position: Trustee **Charity No: 202556** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **FOR THE** **SIR JOHN COTTON FLITWICK CHARITY** **SIR JOHN COTTON FLITWICK CHARITY** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ||**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 2024** |Note
**Income**
Rent
1A
Dividends
Interest
Sale of Investments
Wayleave
Donation
**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 INCOME OVER EXPENDITURE**|**2024**
**£**
**3,516**
**5,019**
**87**
**36,569**
**526**
**-**

**384**
**600**
**1,551**
**862**
**39,249**
**376**
**1,693**
**6,300**|**£**
**45,717**
**15,354**
**44,715**
**6,300**
**51,015**
**10,056**|2023
£
£
3,516
5,104
37
14,313
514
**60**
23,544
7,569
317
1,000
1,453
338
11,935
176
1,393
16,612
6,300
6,300
22,912
8,201|2023
£
£
3,516
5,104
37
14,313
514
**60**
23,544
7,569
317
1,000
1,453
338
11,935
176
1,393
16,612
6,300
6,300
22,912
8,201| |---|---|---|---|---| |||||22,912
8,201| Page 1 ## **SIR JOHN COTTON FLITWICK CHARITY** ## **BALANCE SHEET 31 DECEMBER 2024** |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 Excess
**TOTAL RESERVES**|**2024**
**£**
**208,380**
**-**
**2,975**
**15,655**
**1,758**
**129**
**228,897**
**163**
**-**
**163**
**228,734**|**£**
**218,678**
**10,056**
**228,734**|2023
£
193,887
2,630
7,778
12,487
1,758
327
218,866
188
-
188
218,678|£
210,477
8,201| |---|---|---|---|---| |||||| |||||218,678| Page 2 **SIR JOHN COTTON FLITWICK CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** 1. **INCOME** ## **A. RENTAL INCOME** W.J. Palmer: Period 25.03.2024 – 28.09-2024 1,758 Period 29.09.2024 – 24.03.2025 1,758 Central Bedfordshire Council – Folly Farm nil **TOTAL £3,516** **TOTAL** ## **2. DISTRIBUTIONS** - A. SIR JOHN COTTON EDUCATIONAL FOUNDATION BIGGLESWADE (two-ninths share) 01/03/2024 350.00 01/06/2024 350.00 01/09/2024 350.00 01/12/2024 350.00 **Total 1,400.00** - B. SIR JOHN COTTON EDUCATIONAL FOUNDATION HOLME (two-ninths share) 01/03/2024 350.00 01/06/2024 350.00 01/09/2024 350.00 01/12/2024 350.00 **Total 1,400.00** - C. PAROCHIAL CHURCH COUNCIL OF ST ANDREWS BIGGLESWADE (one-ninth share) 01/03/2024 175.00 01/06/2024 175.00 01/09/2024 175.00 01/12/2024 175.00 **Total 700.00** D. PAROCHIAL CHURCH COUNCIL OF ST MARY’S - ST NEOTS (two-ninths share) 01/03/2024 350.00 01/06/2024 350.00 01/09/2024 350.00 01/12/2024 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 2024** - D. PAROCHIAL CHURCH COUNCIL OF ST GILES HOLME WITH CONINGTON (two-ninths share) 01/03/2024 350.00 01/06/2024 350.00 01/09/2024 350.00 01/12/2024 350.00 **Total 1,400.00** ## **TOTAL DISTRIBUTIONS: £6,300.00** ## **3. BALANCE SHEET** ## **A. BROOKS MACDONALD ASSET PORTFOLIO** |**A. BROOKS MACDONALD ASSET PORTFOLIO**
**2024**
2023
See Investment Report for detailed breakdown
**208,380**
193,887
**B.**
**OTHER DEBTORS**
**2024**
2023
**£**
£
**VAT**
**129**
327
**Brown & Co – rent**
**1,758**
1,758
**1,887**
2,085
**C.**
**CREDITORS**
**2024**
2023
**£**
£
Accountancy
**75**
100
Brown & Co
**88**
88
**163**
188|**A. BROOKS MACDONALD ASSET PORTFOLIO**
**2024**
2023
See Investment Report for detailed breakdown
**208,380**
193,887
**B.**
**OTHER DEBTORS**
**2024**
2023
**£**
£
**VAT**
**129**
327
**Brown & Co – rent**
**1,758**
1,758
**1,887**
2,085
**C.**
**CREDITORS**
**2024**
2023
**£**
£
Accountancy
**75**
100
Brown & Co
**88**
88
**163**
188|**A. BROOKS MACDONALD ASSET PORTFOLIO**
**2024**
2023
See Investment Report for detailed breakdown
**208,380**
193,887
**B.**
**OTHER DEBTORS**
**2024**
2023
**£**
£
**VAT**
**129**
327
**Brown & Co – rent**
**1,758**
1,758
**1,887**
2,085
**C.**
**CREDITORS**
**2024**
2023
**£**
£
Accountancy
**75**
100
Brown & Co
**88**
88
**163**
188| |---|---|---| |||2,085| |||2023
£
100
88| |||188| Page 4 Sir John Cotton Flitwick Charity FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Independent Examiners. Report to the Trustees of The Flitwlck Charity I have independently examined the accounts of the Charity as required by Charity Commission regulations. The Charity has elected to prepare its accounts on an accrual basis and to subjert its accounts to independent examination rather than audit My responsibilities are to: Identify whether proper accounting records have been kept Check that the Charity accounts agree with the accounting records Look for possible significant errors in the accounts Check the accounts have been properly prepared in accordance with the relevant Accounting Regulations in so far as these apply to the accruals basis. Where matters arise from this examination it is my duty to report it. No matters have arisen during the course of my examination where I have to give an adverse reporL Hf frJlh& Date: 4 September 2025 Helen Fordham 10 Greenfields Eltisley Cambridgeshire PE19 GTN