2021-12-31-accounts - St Stephen Ecclesiastical Charity

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Reference and Administrative Details
Report ofthe Trustees				4-7
Independent Examiners	Report
Statement of Financial	Activities,	Current	Year	9
Balance Sheet				10
Notes to the Finanoal Statements				11-13
Statement of Financial	Activities,	Prior Year		14

Ex Officio	Ex Officio			The Revd. Lee Barnes	The Revd. Lee Barnes
Nominated				Mr R.Williams		Parochial				Church	Council	ofthe Ecclesiastical Parish of
						StStephen				with	StJames	and St John the		Baptist, Bristol
				Mr P.J Marshall
				Mrs C. Ouckworth		The		Society ofMerchant Venturers					ofthe	City of Bristol
				Mr P.N.C. Rowe		The Antient Society ofSt						Stephen's	Ringers
Co-opted				Iulr P.R.C Densham		Chairman
				Mr J.N. Porter
				Mr J. Ellis
The Revd. Lee garnes ceosed as Incumbent					ofSl Stephen's				in	September 2021.Since this time				the position hos
remained		vacant. There		has been no change to		trusrees between the					year-end	and the	date ofthis report.
Clerk				Mrs. A Maddox
Corres	ondence Address
Charities		Office
1All Saints			Court
Bristol
BS11JN
Other Information
Independent			Examiner	Joshua ydngston	BScACA
				Burton Sweet Limited
				The Clock Tower
				5 Farleigh Court
				Old Weston Road
				Flax Bourton
				Bristol BS48J,UR
Bankers				National Westminster		Bank	Pic
				P.O. Box 238
				32 Corn Street
				Bristol
				BS17VG
Investment			Managers	J M Finn and Co.	Ltd				Rathbone Investment Management					Ltd
				22/24 Queen Square				10Queen Square
				Bristol				Bristol
				BS14ND				BS14NT

						Year	2020		Year	2021
					Fund		Benchmark	Fund		Benchmark
FTSEWMA	Balanced	Index	—Total	Return	-2.4'		1.95SS	12.68		12.54

				Unrestricted	Funds	Funds	Endowment	Total Funds	Total Funds
				General	Designated		Funds	2021	2020
			Notes		f
income and Endowments
investment Income				30,720				30,720	29,511
Total Income				30,720				30,720	29,511
Expenditure
Charitaiile Actwities				25,258				25,258	29,210
Costs ofGenerating	Funds:
Investinent Management		Costs				156	9,779	9,935	7,667
Total Ex enditure				25,258		156	9,779	35,193	36,877
Total Inmme/(Expenditure)
before gains/(losses)	on			5,462		(156)	(9,779)	(4,473)	(7,366)
investments
Otll d Gains		Losses:
Net gains (losses) on Investments
Realised (nate 5refers)						261	10,109	10,370	(14,395)
Unrealised note 5	re ers					916	53,511	54.427	(31,337)
Net Movement In Funds				5,462		1,021	53,841	60,324	(53,098)
Total Funds Brought	Forward (note		8refers/	41,889	17,199		932,725	991,813	1,044.911
Total Funds Carried	Forward (note 8refers)			47,351		18,220	986,566	1,052,137	991,813


		2021		202D
Fl»ed Resets
In»as(mant»		2+10,904		955,503
Cunent Assets:
Debtors			745	3,210
cash atsank
		da,	Ra»
Crcgtors:
Amounts FaElns due within one year		2,749		7,194
Net Cerrerd	Assets	41,208		36.810
Net Assets
Represented	Byr
Unrssuksed	Funds.
General		47,351		41,899
DesISnated
		65,571
Endowment	Funds	986,566		932.725
Tarsi Furuh		1 9	t07	99 a13

3. Investment income
								2021	2020
								f	E
Listed Investments								30,293	28,937
Interest								427	574
								3D,720	29,511
4. Expenditure
								2021	202D
								E
Charitable Expenditure
Charitable Expenditure-	SaintStephen's			Church				24,000	28,000
I n dependent examination		fess						945	1,020
Admin Casts								313	190
								25,258	29,210
Investment Management	Casts							9,935	7,667
								35,193	36,877
Investment management	costs are allocated to the endowment				and	unrestricted	reserves designated	on the basis ofthese funds
atthe beginning afthe period tothe market value ofthe Investments						atthe same	date.
S. Fixed Assets - Investments,			Market	Value
								2021	2020
								f	E
Listed Investments.
Stocks &Shares								986,661	608,083
Bonds									151,967
Unlisted Investments:
Property Fund									59,278
								986,661	819,328
Cash								24,243	136,175
								1,010,904	955,5D3
Movements in fixed asset		investments		were:
Market value at1January		2021						819,328	961,341
Additions to investments	at cost								208,457
Disposal of investments	at	market value							(304,739)
Net Investments gain (loss)
Realised								10,370	(14,395)
Unrealised								54,427	(31,337)
Market value at 31December			2021					884,125	819,328
The cost ofinvestments	held at		31December 2021					961,869	741,642
All assets are held in the	United		Kingdom
6. Debtors
Investment Income								745	3,210
7, Creditors
StStephen's Church									4,00D
Investment Manager's	Fees							1,604	1,484
Independent Examiner	fee							1,145	1,020
other Fees &Charges									690
								2,749	7,194
									Page 12

		Unrestricted General	Funds (6) Designated	Endownwnt	Total (6)
Year end	December 2021
Fixed As~et Investments		6,118	18,220	986,566	1,010.904
Current	Assets	43,982			43,982
Current	Liabilities (-)	(2,749)			(2,749)
		47,351	18,220	986,566	1,052,137
		Unrestricted General	Funds (6) Designated	Endowawnt d ( )	Total(g)
Year end	December 2020,
Fixed Asset investments		5,579	17,199	932,725	955,503
Current	Assets	43,504			43,504
Current	Liabilities (-)	(7,194)			(7,194)
		41,889	17,199	932,725	991,813