0> O¢000COO 2>èa)CO ¢TI ri V Q)y) 0 O i c£>>¢ Ilii_,1$- lJ'5soC> )£ o) c O c co rs Us 'E£ o ro o)Ey qj ffj o >1? É £wS8TjEE° otJ£ i¢Ju >o>._ £¢DO)ooO£ OJ E rLC& E fn > lu 2c£osc£ UJE C ffj ¢ trj EEoc'jcÉ(J £J£w££ ££ q>7i o)L ¢j) O- > È L) iu x OE qs ()- ¢V£ to ¢pJ cc(t(LwS> 0££ ocQ) JoJJffju ¢ Iuffj Z I aE£££ E CL Oo ? c c*lU Q) > wJi)D o) u c ct£ tt)lJ T5 E7J VV >i£>o>- (O to q>DEJ £cIP£ffj£_ LUSZ ttJ0 L'cQfn<(J8 ro (N (N I ITJ E5 rLLL U(£ U (D q> o)- IJ c vi D>ICLC OQ sj) Cistt c u o ?cc (U£ *P c5J if) J > E7JO Inu r£ J q) ¢) iii J£ £ J c J £LV 00GUEU ooc ¢JJ Q) Z5¥8f£l>- 'kn u rij u o o) I CL£ tfj VJ c>ry ¢iJ > ( c£0£0> ql c ro££ > kn(L JQ rL 8cE2c£¢P XuJoo2'c CTJ CD (n? ¢nÉ g QJ'- J o) > J q> LUiUW)D o)L) o) E o 'ET)>tto£C>._ Cylql o_£ COOTj t>EE£ )'> ¢J> 3£= £Ja J a) q> o) go)J'>cO (U c 05£ CLtJ o Q) w(J C O >£"EES E (u Ll2 C Q) LU E >¥iffj£u) > L)riJ OJL) U oJ< v L) Eau C Ef5J£ £££ ¥iz> T)oC >D o) L)Q U J C E%J J 0> o ZI 0 2Q z ¢rJ CL>Ct E tt t C&8cU C> ¢yto <20 8a0£ CCL£ CD¢ £ (n c a) C Q5J>o ¢D W tD Q(L O ffj._ o u) oryj U v) £c u88J< P-f £C v)> 0 aio CoUoceDOJ cv&cLOLfD_ E Oc 11 Ilgi (IJ ty rLO 2 £._ -o¢4w ott* J Q) c g7Y"_ o) oOQk ## **Parish of Redditch Holy Trinity** ## **Financial Statements** **For the Year ended 31 December 2022** **Charity Number 1134307** ## **Parish Office:** **St Stephen’s Church** **Church Green West** **Redditch B97 4DY** Bankers: CAF Bank Ltd - West Malling HSBC plc - Redditch Lloyds TSB plc- Redditch Independent Examiner: Helen Grave BSc FCMA – Birmingham **Parish of Redditch Holy Trinity Financial Statements for the year ended 31 December 2022** ||**Page**| |---|---| |**Independent Examiner's Report**|1| |**Statement of Financial Activites ('SOFA')**|2| |**Balance Sheet**|3| |**Cash Flow Statement**|4| |**Notes to the Financial Statements:**|| |1. Accounting Policies|5-6| |2. SOFA Income|7| |3. SOFA Expenditure|8| |4. Net Transfers between Funds|8| |5. Fixed Assets|9| |6. Debtors|10| |7. Creditors|10| |8. Net Assets|11| |9. Funds|11| **Parish of Redditch Holy Trinity Financial Statements for the year ended 31 December 2022** ## **INDEPENDENT EXAMINER’S REPORT TO THE PAROCHIAL CHURCH COUNCIL ('PCC') OF THE PARISH OF REDDITCH HOLY TRINITY** This report on the financial statements of the PCC for the year ended 31 December 2022, which are set out on pages 2 to 11, is in respect of an examination carried out in accordance with the Church Accounting Regulations (“the regulations”) and section 145 of the Charities Act 2011 (“the Charities Act”). ## **Respective responsibilities of the PCC and the Examiner** The members of the PCC are responsible for the preparation of the financial statements; you consider that an audit is not required for this year under the regulations and section 144 of the Charities Act and that an independent examination is needed. ## **It is my responsibility to:** - examine the accounts under section 144 of the Charities Act - follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - state whether particular matters have come to my attention. ## **Basis of 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 financial statements with those records. It also includes considering any unusual items or disclosures in the financial statements 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 an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. **Independent examiner’s 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 130 of the Charities Act; - to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. Ms Helen M Grave BSc FCMA Lombardy House 38 Alcester Road Hollywood Birmingham B47 5NB Page 1 **Parish of Redditch Holy Trinity Financial Statements for the year ended 31 December 2021** ## **STATEMENT OF FINANCIAL ACTIVITIES ('SOFA')** |**INCOME and ENDOWMENTS**
**Notes**
Voluntary Income
**2(a)**
Activities for Generating Funds
**2(b)**
Investment Income
**2(c)**
Church Activities
**2(d)**
Grants
**2(e)**
**TOTAL INCOME**
**EXPENDITURE**
Ministry Share to Diocese
**3(a)**
Church Activities
**3(b)**
Fundraising & Publicity
**3(c)**
Administration Costs
**3(d)**
Depreciation
**3(e)**
Capital expenditure
**3(f)**
**TOTAL EXPENDITURE**
**NET INCOME/(OUTGOING)**
**BEFORE TRANSFERS**
NET TRANSFERS BETWEEN FUNDS
**4**
**NET INCOMING RESOURCES**
**BEFORE OTHER RECOGNISED**
**GAINS AND LOSSES**
Investment Gains/(losses)
**NET MOVEMENT IN FUNDS**
**9**
**BALANCES B/FWD 1 JANUARY**
**9**
**BALANCES C/FWD 31 DECEMBER**
**9**|**Unrestricted Designated Restricted Endowment**
**£**
**£**
**£**
**£**

102,776
198
11,909
0
50,442
0
645
0
26,770
7,965
25,503
0
19,623
0
2,556
0
100
11,825
648
0|**2022**
**Total**
**£**

114,883

51,087

60,238

22,179

12,574|**2021**
**Total**
**£**

152,563

21,096

36,517

22,250

71,991| |---|---|---|---| ||**199,711**
**19,988**
**41,261**
**0**|
**260,960**|
**304,417**| ||127,493
0
0
0
49,134
12,666
18,531
0
3,692
0
0
0
6,324
442
19
0
0
0
1,379
0
2,260
0
16,621
0|
127,493

80,331

3,692

6,785

1,379

18,881|
114,769

293,932

1,439

18,786

1,379

50,810| ||**188,903**
**13,108**
**36,550**
**0**|
**238,560**|
**481,115**| ||**10,808**
**6,880**
**4,712**
**0**
(2,000)
0
2,000
0|
**22,400**

0|**(176,698)**

(0)| ||**8,808**
**6,880**
**6,712**
**0**|
**22,400**|**(176,698)**| ||(5,088)
(38,931)
(72,769)
(412)|(117,200)|143,397| ||**3,721**
**(32,051)**
**(66,057)**
**(412)**|**(94,800)**|**(33,301)**| ||||| ||**108,301**
**443,502**
**998,965**
**59,325**|**1,610,093**|**1,643,394**| ||||| ||**112,021**
**411,451**
**932,908**
**58,913**|**1,515,293**|**1,610,093**| **Page 2** **Parish of Redditch Holy Trinity Financial Statements for the year ended 31 December 2022** ## **BALANCE SHEET** |**Notes**
**FIXED ASSETS**
Tangible assets
**5**
Investments
**5**
**TOTAL FIXED ASSETS**
**CURRENT ASSETS**
Debtors
**6**
Cash at bank and in hand
**TOTAL CURRENT ASSETS**
**TOTAL ASSETS**
**CURRENT LIABILITIES**
Amounts falling due within one year
**7**
**NON-CURRENT LIABILITIES**
Amounts falling due in more than one year
**7**
**TOTAL LIABILITIES**
**TOTAL NET ASSETS**
**8**
**REPRESENTED BY:**
Unrestricted funds
**9**
Designated funds
**9**
Restricted funds
**9**
Endowment funds
**9**
**TOTAL FUNDS**|**31/12/22**
**£**
3,793
1,053,620
**1,057,413**
6,980
469,660
**476,639**
**1,534,052**
18,559
200
**18,759**
**1,515,293**
112,021
411,451
932,908
58,913
**1,515,293**|**31/12/21**
**£**
5,172
1,072,297| |---|---|---| |||**1,077,469**| |||4,756
545,208| |||**549,964**| |||| |||**1,627,433**| |||16,932
408| |||| |||**17,340**| |||| |||**1,610,093**| |||108,301
443,502
998,965
59,325| |||**1,610,093**| ## **Approved by the PCC on and signed on their behalf by:** **Philip A Mitchell Chairman** **Page 3** **Parish of Redditch Holy Trinity Financial Statements for the year ended 31 December 2022** |**CASH FLOW STATEMENT**
**Notes**|**£**
**£**
**£**
**£**
**2022**
**2021**|**£**
**£**
**£**
**£**
**2022**
**2021**|**£**
**£**
**£**
**£**
**2022**
**2021**| |---|---|---|---| |**Net cash from operating activities**
**Cash flows from investing activities:**
Dividends and interest received
Proceeds from the sale of investment
**5**
Purchase of investments
**5**
**Net cash provided by/(used in) investing activities**
**Change in cash in reporting period**
**Cash at 1 January**
**Cash at 31st December**|(12,263)
21,291
20,607
300,000
(84,576)
(63,285)
(75,548)
545,208
**469,660**||(222,905)
320,607| ||||| ||||97,702
447,506| |||**469,660**|**545,208**| ||||| |**Reconciliation of net income/(expenditure)**
**before investment gains:**
**Net incoming resources before other recognised gains**
**and losses**
**Adjustments for:**
Dividends reinvested
**5**
Dividends and interest received from investments
Depreciation charges
**5**
(Increase)in debtors
**6**
Increase/(Decrease)in creditors
**7**
**Net cash provided by/(used in) operating activities**|22,400
(176,698)
(13,947)
(15,911)
(21,291)
(20,607)
1,379
1,379
(2,223)
(1,076)
1,419
(9,992)
(34,663)
(46,207)
**(12,263)**
**(222,905)**||| ||||| ||||| ||||**(222,905)**| ||||| |**Analysis of cash:**
Bank current account
CCLA & CAF Deposit Platform deposit accounts
Float cash||269,666
199,543
450
**469,660**|236,261
308,507
440| ||||**545,208**| ||||| **Page 4** **Parish of Redditch Holy Trinity Financial Statements for the year ended 31 December 2022** ## **1 ACCOUNTING POLICIES** 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. The financial statements have been prepared under FRS102 (2016) as the applicable accounting standards and the 2016 version of 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 market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. ## **FUNDS** ## **Unrestricted Funds** These represent the remaining income funds of the PCC that are available for spending for general purposes at the discretion of the PCC for furthering the mission and ministry of the Church in the Parish . A General Fund reserve is used to pay all the PCC's 'everyday' expenses. The PCC may decide to assign some of the 'unrestricted' funds to separate 'designated' funds for future use such as, for building development or maintenance, growing mission and ministry. The value of such funds is reviewed annually in the light of planned or likely actions in the next 5 years. If ‘designated’ funds are found to exceed requirements, then the surplus is released for general use. ## **Restricted Funds** These are income funds that must be spent on restricted purposes, confined to objectives which have been specified by the donor or the particular fund raising activity, and the PCC cannot use them for general purposes. ## **Endowment Funds** These are restricted fund 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. ## **INCOME** Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resources to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable and is accounted for gross. **Page 5** **Parish of Redditch Holy Trinity Financial Statements for the year ended 31 December 2022** ## **Agency Fee Income** Certain monies are collected by the District Church Councils within the Parish as agents for other parties. These include fees for vergers, organists, bell ringers, choir, and non-stipendiary ministers, for officiating at Church occasional offices, as well as parochial fees which are remitted to the Worcester Diocesan Board of Finance Limited. These agency collections and remittances are not included in income or expenditure shown in the Statement of Financial Activities (‘SOFA’). ## **EXPENDITURE** Grants and donations are accounted for when paid over or when designated for charitable donation, if that designation creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross. ## **FIXED 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. ## **Moveable church furnishings** These are not capitalised but all items are included in the Church's inventory in any case. ## **Tangible fixed assets for use by the charity** Spending on computers, fixtures, fittings and equipment is capitalised where the cost exceeds £1,500. This cost is amortised over the useful life of the asset which is up to 3 years for computers and between 3 and 7 years for other assets. Investments quoted on a recognised stock exchange or those whose value derives from them are valued at markte value at the year end. ## **RESERVES POLICY** The PCC policy is to maintain a General Fund reserve that is used to pay all the everyday expenses. The balance on the General Fund will be kept at a level which, where possible, is at least equal to 3 months of future everyday expenses. The General Fund reserve at the year-end amounted to £112,021 (2021 £108,301), which represents 8 months (2021 8 months) of everyday expenses in the year. In view of the current uncertainties surrounding the energy prices crisis ,together with potential continued loss of income from regular giving, the PCC has determined that this level of General Fund is necessary. **Page 6** **Parish of Redditch Holy Trinity Financial Statements for the year ended 31 December 2022** ## **2 INCOME and ENDOWMENTS** |**2(a) Voluntary Income**
Plate collections
Planned giving and gift aid donations
Tax recoverable
Donations and legacies
**2(b) Activities for Generating Funds**
Summer fete
Christmas fayre
Rent, hall hire & parking
Church on the Green
Other fundraising events
**2(c) Investment Income**
Interest & dividends received
**2(d) Church Activities**
Fees
Other
**2(e) Grants**
**TOTAL INCOME**|**Unrestricted Designated Restricted Endowment**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**|**TOTAL**
**2022**
**£**|**TOTAL**
**2021**
**£**| |---|---|---|---| ||12,326
0
1,136
0
69,230
0
1,560
0
17,537
0
1,314
0
3,683
198
7,899
0|
13,462

70,790

18,852

11,780|
4,801

75,738

22,882

49,141| ||102,776
198
11,909
0|
114,883|152,563| ||7,931
0
0
0
4,703
0
0
0
30,968
0
0
0
2,667
0
0
0
4,173
0
645
0|
7,931

4,703

30,968

2,667

4,818|
5,115

3,602

8,115

2,011

2,254| ||50,442
0
645
0|
51,087|
21,096| ||26,770
7,965
25,503
0|
60,238|
36,517| ||14,614
0
2,556
0
5,009
0
0
0|
17,170

5,009|
15,764

6,486| ||19,623
0
2,556
0|
22,179|
22,250| ||100
11,825
648
0|
12,574|
71,991| ||**199,711**
**19,988**
**41,261**
**0**|
**260,960**|**304,417**| **Page 7** **Parish of Redditch Holy Trinity Financial Statements for the year ended 31 December 2022** ## **3 EXPENDITURE** |**3(a) Ministry Share to Diocese**
**3(b) Church Activities**
Mission & charitable giving
Clergy expenses
Service fees and expenses
Water, heat & light
Maintenance and Cleaning
Insurance
Sundry expenses
**3(c) Fundraising & Publicity**
Summer fete costs
Christmas fayre costs
Church on the Green
Other fundraising costs
**3(d) Administration Costs**
Office expenses
Independent Examiner honorarium
Professional fees and subscriptions
Subscriptions
Bank charges
**3(e) Depreciation**
St. Leonard’s Church
**3(f) Capital Expenditure**
St Leonard's Church
St. Philip’s Church
St. Stephen's Church
**TOTAL EXPENDITURE**|**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**£**
**£**
**£**
**£**|**TOTAL**
**2022**
**£**|**TOTAL**
**2021**
**£**| |---|---|---|---| ||127,493
0
0
0|
127,493|
114,769| ||4,542
0
3,085
0
34
0
0
0
1,323
0
709
0
13,218
0
0
0
15,700
12,590
14,642
0
10,531
0
0
0
3,787
77
95
0|
7,627

34

2,032

13,218

42,931

10,531

3,958|
6,840

2,425

2,188

10,212

257,680

10,976

3,611| ||49,134
12,666
18,531
0|
80,331|
293,932| ||1,027
0
0
0
712
0
0
0
1,856
0
0
0
95
0
0
0|1,027
712
1,856
95|
1,213

211

0

15| ||3,692
0
0
0|3,692|
1,439| ||4,066
0
14
0
400
0
0
0
0
330
0
0
1,622
0
0
0
236
112
5
0|4,080
400
330
1,622
353|
3,472

350

13,082

1,122

761| ||6,324
442
19
0|6,785|
18,786| ||0
0
1,379
0|1,379|
1,379| ||0
0
1,379
0|1,379|
1,379| ||0
0
11,905
0
4,716
2,260
0
0
0|11,905
4,716
2,260|
1,826

48,705

279| ||2,260
0
16,621
0|18,881|
50,810| ||||| ||**188,903**
**13,108**
**36,550**
0|**238,560**|
**481,115**| In 2022 St. Stephen's Church spent a total of £12,919 (2021 £263,411) on the completion of the Roof Repair project, comprising maintenance costs of £12,589 (2021 £250,329) and professional fees of £330 (2021£13,082). In 2022 St. Leonard's Church started a project to upgrade their sound system, which is due for completion in early 2023. St. Philip's Church completed the build and fitting out of their Community Centre in 2021 ## **4 NET TRANSFERS BETWEEN FUNDS** |**NET TRANSFERS BETWEEN FUNDS**||| |---|---|---| |**2022**
St. Philip General Fund to Community
Centre (Restricted) Fund
**2021**
St. Leonard Growing Mission & Ministry
Fund to General Fund
Other|**Unrestricted Designated Restricted Endowment**
**£**
**£**
**£**
**£**
(2,000)
2,000|**Total**
**£**
0| ||**(2,000)**
**0**
**2,000**
**0**|**0**| ||8,383
(8,383)
652
(540)
(112)|0
(0)| ||**9,035**
**(540)**
**(8,383)**
**(112)**|**(0)**| **Page 8** **Parish of Redditch Holy Trinity Financial Statements for the year ended 31 December 2022** ## **5 FIXED ASSETS** |**Tangible assets**
**Cost:**
At 1 January
Additions
At 31 December
**Depreciation:**
At 1 January
Charge for year
At 31 December
**Net Book Value**
At 1 January
**At 31 December**
**Investments**
Market value at 1 January
Sales
Purchases
Introduce Milward Charity Fund
Dividends Reinvested
Revaluation Loss
**Market Value at 31 December**
**TOTAL FIXED ASSETS**|**Unrestricted Designated Restricted**
**Endowment**
**£**
**£**
**£**
**£**|**2022**
**Total**
**£**|**2021**
**Total**
**£**| |---|---|---|---| ||0
0
6,895
0
0
0
0|6,895
0|6,895
0| ||**0**
**0**
**6,895**
**0**|**6,895**|**6,895**| ||0
0
1,723
0
0
0
1,379
0|1,723
1,379|344
1,379| ||**0**
**0**
**3,102**
**0**|**3,102**|**1,723**| ||0
0
5,172
0
**0**
**0**
**3,793**
**0**|
5,172

**3,793**|
0

**5,172**| ||21,847
327,955
663,170
59,325
0
0
0
0
0
0
84,576
0
0
0
0
3,708
0
7,965
5,982
0
(1,186)
(38,931)
(76,671)
(4,120)|1,072,297

0

84,576

3,708

13,947
(120,907)|1,212,989
(300,000)

0

0

15,911
143,397| ||**20,661**
**296,989**
**677,057**
**58,913**|**1,053,620**|**1,072,297**| ||||| ||**20,661**
**296,989**
**680,850**
**58,913**|**1,057,413**|**1,077,469**| In 2021, St. Stephen's Church sold part of their St. David's, Batchley designated fund investment to raise £300,000 towards the costs of the roof repair project. **Page 9** **Parish of Redditch Holy Trinity Financial Statements for the year ended 31 December 2022** ## **6 DEBTORS** |**DEBTORS**|||| |---|---|---|---| |Income Tax Recoverable
Sundry Debtors & Prepayments
Accounts Receivable
**Total Debtors**|**Unrestricted Designated Restricted Endowment**
**£**
**£**
**£**
**£**|**2022**
**Total**
**£**|**2021**
**Total**
**£**| ||2,965
284
0
3,731
0
0
0
0
0
0|3,249
3,731
0|2,069
2,587
100| ||**6,696**
**0**
**284**
**0**|**6,980**|**4,756**| ## **7 CREDITORS** |**Due within one year**
Sundry Creditors & Accruals
Deposits Received In Advance
Accounts Payable
**Due in more than one year**
Deposits Received In Advance
**Total Creditors**|**Unrestricted Designated Restricted Endowment**
**£**
**£**
**£**
**£**|**2021**
**Total**
**£**|**2020**
**Total**
**£**| |---|---|---|---| ||13,688
0
1,781
0
1,759
0
0
0
662
0
670
0|15,469
1,759
1,331|13,477
3,113
343| ||16,109
0
2,451
0
200
0
0
0|18,559
200|16,932
408| ||**16,309**
**0**
**2,451**
**0**|**18,759**|**17,340**| **Page 10** **Parish of Redditch Holy Trinity Financial Statements for the year ended 31 December 2022** ## **8 NET ASSETS** |**NET ASSETS**|||| |---|---|---|---| |**FIXED ASSETS**
**CURRENT ASSETS**
Debtors
Cash at bank and in hand
**CURRENT LIABILITIES**
**NON-CURRENT LIABILITIES**
**FUNDS**|**Unrestricted Designated Restricted Endowment**
**£**
**£**
**£**
**£**|**2022**
**Total**
**£**|**2021**
**Total**
**£**| ||20,661
296,989
680,850
58,913
6,696
0
284
0
100,973
114,462
254,225
0
(16,109)
0
(2,451)
0
(200)
0
0
0|1,057,413
6,980
469,660
(18,559)
(200)|1,077,469
4,756
545,208
(16,932)
(408)| ||**112,021**
**411,451**
**932,908**
**58,913**|**1,515,293**|**1,610,093**| ||||| ||**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**£**
**£**
**£**
**£**|**2022**
**Total**
**£**|**2021**
**Total**
**£**| |**Balance at 1 January**
Incoming resources
Resources expended
Net Transfers between funds
Investment revaluation gains/(losses)
**Balance at 31 December**|108,301
443,502
998,965
59,325
199,711
19,988
41,261
0
(188,903)
(13,108)
(36,550)
0|
1,610,093

260,960

(238,560)|
1,643,394

304,417
(481,115)| ||119,109
450,382
1,003,677
59,325
(2,000)
0
2,000
0
(5,088)
(38,931)
(72,769)
(412)|
1,632,493

0
(117,200)|
1,466,696

(0)
143,397| ||**112,021**
**411,451**
**932,908**
**58,913**|
**1,515,293**|
**1,610,093**| ## **9 FUNDS** **Page 11**