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2020-12-31-accounts

The Annual Report of The Parish of the Icknield Way Villages

LEGAL AND ADMINISTRATIVE INFORMATION

Charity name: The Parochial Church Council of the Ecclesiastical Parish of the Icknield Way Villages (the “Parish” of the “PCC”) Charity Commission registered number: 1136222 For the financial year beginning on: 01/01/2020 For the financial year ending on: 31/12/2020

Charity’s principal address: The Church Office, Crawley End, Chrishall, Royston, Herts, SG8 8QL

Governing document: The Parochial Church Council Powers Measure (1956) as amended and Church Representation Rules, supported by the Parish Constitution approved on 26[th] October 2009. The Parish is a Church of England parish within the Diocese of Chelmsford

Objects of the charity: Promoting in the Parish the whole mission of the Church. Specific investment powers: None.

Page 1

The Annual Report of The Parish of the Icknield Way Villages

TRUSTEES AND GOVERNANCE

Name of trustee

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

Basis of appointment

Rev. Dr Anand Sodadasi By virtue of office (chair) Jon Wayper By virtue of office (Parish Warden) Laurence Brett By virtue of office (Treasurer) Jenny Leitch Little Chishill DCC Peter Gale Hamlet DCC Angela Patrick Great Chishill DCC Fiona Dyer Chrishall DCC Liz Stott Strethall DCC Jane Duffus Heydon DCC John Holford Elmdon DCC Bill Jones David Wilkinson Mel Chandler

PCC members’ selection method: by virtue of office, or by election, or by appointment, one from each of the seven District Church Councils within the Parish.

The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to their local DCC’s. A General meeting of the parish is held annually at which all those on the Electoral Rolls across the Parish are encouraged to take part.

PCC members Payments : None of the PCC members is paid any fee or salary by the PCC.

Page 2

The Annual Report of The Parish of the Icknield Way Villages

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

ACTIVITIES AND ACHIEVEMENTS

The Revd. Dr Anand Sodadasi chairs the PCC.

The PCC supervises the activities of the Parish of the Icknield Way Villages. The accounts presented with this report show the financial outcome of the combined activities of the 7 Districts within the Parish for the year ending 31st December 2020.

The Districts are responsible for the promotion of the whole mission of the church in their communities, pastoral, evangelistic, social and ecumenical, and for the operation and maintenance of the church buildings within those communities. They also support the PCC by arranging to provide financial transfers so that the PCC can fulfil its obligations (via the Icknield Way Parish Trust) to pay its quota to the Diocese, to support the Parish Office and to maintain its presence in the community.

The PCC met 5 times during the year in February, June, September, October and November.

The population of the Parish is approximately 2,300. During 2020 there were 141 (2019 – 130) parishioners on the Church Electoral Rolls. During 2020 our services moved online with a weekly you-tube service. These were regularly viewed by over 100 viewers and shared with others outside of the Parish. Whilst we look forward to the return of physical services we recognise that, there may be a need to continue some form of on-line worship.

The Parish is fortunate to be able to make use of the parish office and a part-time parish manager. This serves a vital role in providing a contact point for the community, and is funded by the Parish Trust. During the year the Trust was able to take advantage of the HMRC Job Retention Scheme (furlough) for this role.. Additionally through the Parish Trust, the Parish supports the Rector’s expenses and provides resources associated with the Sunday services, together with the wider mission of the church in the Parish.

Page 3

The Annual Report of The Parish of the Icknield Way Villages

Whilst challenged by lockdowns and the restrictions during the year Parish activity has continued all year presenting:

The Church Alive in the Community .

Activities directly related to our Christian Faith and its development .

Activities designed to appeal to a wider audience of people who might not normally consider attending church, examples of which include :

Page 4

The Annual Report of The Parish of the Icknield Way Villages

RESERVES POLICY .

The PCC, including its DCC’s showed a deficit of income on general funds of £2,829 (2019 deficit £2,829) during the year. The deficit was carried to reserves.

At the year end there were £52145 (2019 £62,975) in general funds across the Parish. There were also restricted and designated funds available only for the purposes (mainly fabric and repairs) specified by their donors of a further £174,949 (2019 £207,207)

In addition there are endowment funds, which are severely constrained in their uses, where the net movement of funds during the year showed a surplus of £ 12,758 (2019 surplus £117,158) during the year. These endowment funds are mainly held in Trust for the Parish by the Diocese. Endowment fund values totalled £955,151 (2019 £942,393)

These funds are held by the major high street banks, the CBF Church of England Investment Funds, building societies. Investments are also held by the Diocese of Chelmsford, by approved investment managers and by the Parish as custodians of the endowment and other funds concerned.

GRANT MAKING POLICY .

The PCC in its own right 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.

Page 5

The Annual Report of The Parish of the Icknield Way Villages

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 27 April 2021.

Treasurer

Page 6

Icknield Way Villages Accounts 31st December 2020

Icknield Way Villages Income & Expenditure for the year ended 31 December 2020

Consolidated IWP and DCC accounts

Incoming Resources (page 7)
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
Insurance Claims
Total Incoming Resources		 Unrestricted
Restricted
Designated
Endowment
General
Total
2019
15,931.00
930.00
16,861.00
17,500.96
7,289.00
1,120.00
8,409.00
1,857.00
5,361.00
5,288.00
10,649.00
23,645.39
11,835.00
1,294.00
13,129.00
4,427.91
25,167.00
4,000.00
29,167.00
73,381.26
8,556.00
340.00
8,896.00
20,933.39
212.00
629.00
3.44
29,986.72
30,831.16
40,135.95
0.00
0.00
2,327.00
2,327.00
6,854.00
0.00
0.00
3,014.00
3,014.00
0.00
79,692.00
13,601.00
3.44
29,986.72
123,283.16
188,735.86

Icknield Way Villages Accounts 31st December 2020

Icknield Way Villages Resources Expended (Page 8)

Costs of Generating Voluntary Income
Parish Transfers to Trust
Fundraising trading Costs
Event Costs
Church Activities
Donations
Diocesan Quota
Other Clergy Costs
Church running expenses
Church maintenance
Insurance
Upkeep of services
Upkeep of Churchyard
Church Office Costs
Bank Charges & Interest
Miscellaneous
Work Completed
Total		 Unrestricted
Restricted
Designated
Endowment
General
Total
2019
0.00
735.00
735.00
1,245.31
310.00
310.00
992.67
33,335.37
33,335.37
35,085.40
0.00
6,477.00
6,477.00
38,444.08
8,205.00
2,677.00
10,882.00
57,740.45
6,620.00
6,620.00
12,846.00
0.00
0.00
0.00
2,767.00
0.00
0.00
5,225.44
5,225.44
0.00
2,000.00
13,813.00
1,000.00
56,212.00
6,000.00
11,940.95
74,152.95
0.00
113,894.37
22,490.00
0.00
17,166.39
153,550.76
150,120.91

Icknield Way Villages Accounts 31st December 2020

(page 9)
Total Incoming Resources as above (see page 7)
Less Total Resources Expended as above (see page 8)
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 2020
Total Funds carried forward at 31 December 2020		 Unrestricted
Restricted
Designated
Endowment
General
Total
2019
79,692.00
13,601.00
3.44
29,986.72
123,283.16
188,735.86
113,894.37
22,490.00
0.00
17,166.39
153,550.76
150,120.91
-34,202.37
-8,889.00
3.44
12,820.33
-30,267.60
38,614.95
23,372.28
-23,372.28
0.00
2,441.60
0.00
-2,504.15
-2,504.15
-10,830.09
-32,261.28
3.44
12,757.78
-30,267.60
38,614.95
62,975.11
187,817.01
19,390.79
942,393.11
1,212,576.02
12,816.01
52,145.02
155,555.73
19,394.23
955,150.89
1,182,245.87
51,430.96

Icknield Way Villages Accounts 31st December 2020

Icknield Way Villages 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
Restricted
Designated
Endowment
General
Total
2019
3,913.07
16,407.35
861,636.39
3,913.07
16,407.35
0.00
861,636.39
881,956.81
969,189.40
1,121.52
1,121.52
549.85
7,289.18
7,289.18
19,153.38
48,231.95
139,148.38
19,394.23
85,103.80
291,878.36
220,410.95
48,231.95
139,148.38
19,394.23
93,514.50
300,289.06
220,410.95
48,231.95
139,148.38
19,394.23
93,514.50
300,289.06
220,410.95
52,145.02
155,555.73
19,394.23
955,150.89
1,182,245.87
1,209,303.62
52,145.02
155,555.73
19,394.23
955,150.89
1,182,245.87
1,209,303.62
955,150.89
955,150.89
1,023,780.50
19,394.23
19,394.23
30,410.01
155,555.73
155,555.73
92,138.00
52,145.02
52,145.02
62,975.11
52,145.02
155,555.73
19,394.23
955,150.89
1,182,245.87
1,209,303.62

The Parochial Church Council of the Ecclesiastical Parish of the Icknield Way Villages (The Icknield Way PCC) Charity Number 1136222

Independent Examiner’s report to the Trustees.

I report on the accounts of the The Parochial Church Council of the Ecclesiastical Parish of the Icknield Way Villages for the year ended 31 December 2020, 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)