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2021-12-31-accounts

The Annual Report of the Icknield Way Parish Trust

LEGAL AND ADMINISTRATIVE INFORMATION

Charity name: The Icknield Way Parish Trust Charity Commission registered number: 1074639 For the financial year beginning on: 01/01/2021 For the financial year ending on: 31/12/2021

Charity’s principal address: The Church Office, Crawley End, Chrishall, Royston, Herts, SG8 8QL Governing document: Declaration of Trust dated 20[th] January 1999

Objects of the charity: The advancement of the Christian religion through the churches of the Parish of the Icknield Way Villages. Specific investment powers: None.

TRUSTEES AND GOVERNANCE

Name of trustee

Dates during which the Basis of appointment named trustee acted if not for the whole year

Rev. Dr Anand Sodadasi (chair)

By virtue of office

Jon Wayper (Churchwarden)

By virtue of office

Laurence Brett (Treasurer)

By virtue of office

Melanie Chandler

By resolution of trustees

Trustee selection method: by virtue of office, or by resolution of the trustees.

Trustee Payments : None of the Trustees is paid any fee or salary by the Trust.

Page 1

The Annual Report of the Icknield Way Parish Trust

Trading Activities : Any functions or events arranged on behalf of the Trust are organised by volunteers on its behalf. The Trust does not operate any trading company.

ACTIVITIES AND ACHIEVEMENTS

The Trustees met 4 times during the year, in January, March, May and September. The Trust continues to administer the payment of the diocesan quota for the Parish of the Icknield Way Villages (“the Parish”), receiving for this purpose donations from individuals, contributions from each of the seven district churches of the Parish, and the proceeds of various fund raising events. In 2021 the Parish was unable to meet the full Quota.

The Trust is fortunate to be able to maintain a part-time Parish Manager and the parish office. This serves a vital role in providing a contact point for the community. Additionally the Trust supports the rector’s expenses and provides resources associated with the Sunday services, together with the wider mission of the church in the Parish.

The village web continued production, providing a free publication and opportunity to message every household in the Parish.

Fundraising in the year has relied on individual donations with no events held in the year. We are truly grateful to all who supported the vital yet virtual work of the Parish Trust.

RESERVES POLICY .

The Trust has designated funds set aside to replace equipment when needed. There are also restricted funds to be used for the employment of a youth worker (not used in 2021), for funds donated for the benefit of third parties and for the choir. The Trust has a policy of keeping reserves for general expenditure under 10% of annual expenditure, believing church members will increase their giving if an urgent need arises.

The General Fund showed a surplus in 2021 of £4,445.30. This “surplus” masks the fact that quota payments were not fully met.

Total funds at 31[st] December 2021 amounted to £18,751.20 (2020: £13,670).

Page 2

The Annual Report of the Icknield Way Parish Trust

GRANT MAKING POLICY .

The Trust has the power to make donations to any person or organisation existing for the advancement of the Christian religion in any part of the world.

SIGNATURE AND DECLARATION

Declaration: We declare, in our capacity of charity trustees, that:

Signatures D.A.Sodadasi L.J.Brett

Full names Revd Dr Anand Sodadasi. Laurence Brett

Position Rector Treasurer

26 April 2022

Page 3

Icknield Way Parish Trust Accounts 31st December 2021

Icknield Way Parish Trust Income & Expenditure for the year ended 31 December 2021

Incoming Resources (page 5)
Voluntary Income
Planned Giving (Gift Aided)
Collections & Plate
Sundry Donations and appeals
Income Tax recovered
Grants
Income from Districts
Activities for generating funds
Fetes, Concerts etc
Investment Income
Dividends and Interest
Income from Church Activities
Income to be redistributed
Fees from Weddings, Funerals etc
Parish Magazine
Miscellaneous
Other Incoming Resources
Great Chishill Bells Project
Total Incoming Resources		 Unrestricted
Designated
Designated
Restricted
Restricted
Restricted
Designated
Unrestricted
General
Donations
Equipment
Choir
Fees
Youth
Youth
3rd Parties
Total
2020
39,694.80
2,410.00
42,104.80
37,900.00
245.00
245.00
593.61
737.15
0.00
737.15
2,223.93
11,794.88
753.97
12,548.85
15,510.30
29,302.96
29,302.96
34,657.08
353.06
353.06
920.71
0.00
0.00
0.00
7,748.41
7,748.41
761.51
5,102.00
5,102.00
3,214.00
3,150.00
3,150.00
4,029.50
13.43
13.43
97.28
14,583.99
107,623.68
0.00
0.00
0.00
5,102.00
3,163.97
0.00
0.00
101,305.66
99,907.92

Icknield Way Parish Trust Accounts 31st December 2021

Icknield Way Parish Trust Resources Expended (Page 6)
Costs of Generating Voluntary Income
Income distributed
Fundraising trading Costs
Event Costs
Church Activities
Donations
Diocesan Quota
Other Clergy Costs
Insurance
Upkeep of services
Parish Magazine
Youth Work Costs
Car Running Costs
Church Office Costs
Bank Charges & Interest
Miscellaneous
Great Chishill Bells
Total		 Unrestricted
Designated
Designated
Restricted
Restricted
Restricted
Designated
Unrestricted
General
Donations
Equipment
Choir
Fees
Youth
Youth
3rd Parties
Total
2020
13,659.15
5,047.00
18,706.15
3,971.71
0.00
19.00
19.00
1,239.83
15.75
15.75
917.75
60,409.56
60,409.56
72,071.04
508.00
508.00
487.26
469.17
469.17
425.76
501.29
501.29
649.66
3,444.00
3,444.00
3,536.00
142.00
142.00
414.91
867.67
867.67
1,423.95
10,800.38
2,422.32
13,222.70
12,622.38
151.50
151.50
237.03
1,730.71
1,730.71
1,055.60
10,621.20
103,178.38
0.00
0.00
0.00
5,047.00
2,583.32
0.00
0.00
110,808.70
99,052.88

Icknield Way Parish Trust Accounts 31st December 2021

(page 7)
Total Incoming Resources as above (see page 5)
Less Total Resources Expended as above (see page 6)
Net Incoming (outgoing) Resources
Transfers between funds
Gains (losses) on revaluation of Fixed Assets
Gains (losses) on investment assets
Net movement in Funds
Add Total Funds brought forward at 1 January 2021
Total Funds carried forward at 31 December 2021		 Unrestricted
Designated
Designated
Restricted
Restricted
Restricted
Designated
Unrestricted
General
Donations
Equipment
Choir
Fees
Youth
Youth
3rd Parties
Total
2020
107,623.68
0.00
0.00
0.00
5,102.00
3,163.97
0.00
0.00
115,889.65
99,907.92
103,178.38
0.00
0.00
0.00
5,047.00
2,583.32
0.00
0.00
110,808.70
99,052.88
4,445.30
0.00
0.00
0.00
55.00
580.65
0.00
0.00
5,080.95
855.04
0.00
0.00
0.00
4,445.30
0.00
0.00
0.00
55.00
580.65
0.00
0.00
5,080.95
855.04
-7,437.00
10,075.39
5,541.27
1,107.47
-501.67
4,253.34
1,822.89
-1,191.44
13,670.25
12,815.17
-2,991.70
10,075.39
5,541.27
1,107.47
-446.67
4,833.99
1,822.89
-1,191.44
18,751.20
13,670.21

Icknield Way Parish Trust Accounts 31st December 2021

Icknield Way Parish Trust Balance Sheet
Fixed Assets
Tangible Fixed Assets
Investments
Total Fixed Assets
Current Assets
Stocks
Debtors
Short Term Deposits
Cash at Bank & in hand
sub-total
Less: Creditors falling due within 1 year
Total net Current Assets
Total Fixed & Current Assets less current liabilities
Less creditors falling due after 1 year
Net Assets
Funds
Endowments
Designated
Restricted
Unrestricted
Total Funds		 Unrestricted
Designated
Designated
Restricted
Restricted
Restricted
Designated
Unrestricted
General
Donations
Equipment
Choir
Fees
Youth
Youth
3rd Parties
Total
2020
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
-2,991.70
10,075.39
5,541.27
1,107.47
-446.67
4,833.99
1,822.89
-1,191.44
0.00
0.00
-2,991.70
10,075.39
5,541.27
1,107.47
-446.67
4,833.99
1,822.89
-1,191.44
18,751.20
0.00
-2,991.70
10,075.39
5,541.27
1,107.47
-446.67
4,833.99
1,822.89
-1,191.44
18,751.20
0.00
-2,991.70
10,075.39
5,541.27
1,107.47
-446.67
4,833.99
1,822.89
-1,191.44
18,751.20
0.00
-2,991.70
10,075.39
5,541.27
1,107.47
-446.67
4,833.99
1,822.89
-1,191.44
18,751.20
0.00
0.00
10,075.39
5,541.27
1,822.89
17,439.55
17,533.66
1,107.47
-446.67
4,833.99
5,494.79
3,232.04
-2,991.70
-1,191.44
-4,183.14
-7,949.69
-2,991.70
10,075.39
5,541.27
1,107.47
-446.67
4,833.99
1,822.89
-1,191.44
18,751.20
12,816.01

The Icknield Way Parish Trust.

Charity Number 1074639.

Independent Examiner’s report to the Trustees.

I report on the accounts of the Icknield Way Parish Trust for the year ended 31 December 2021, which are presented as:

 Accounts on pages 7 to 10

Respective responsibilities of the Trustees and the Examiner

The Trustees are responsible for the preparation of the accounts. The 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

Basis of Independent Examiners 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 you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an opinion on the accounts.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

Signed: …. (signed copy held by charity)