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





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|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<br>Westminster||Bank|Pic||||||||
|||||P.O. Box 238|||||||||||
|||||32 Corn Street|||||||||||
|||||Bristol|||||||||||
|||||BS17VG|||||||||||
|Investment|||Managers|J M Finn and Co.|Ltd||||Rathbone<br>Investment<br>Management|||||Ltd|
|||||22/24 Queen Square||||10Queen Square|||||||
|||||Bristol||||Bristol|||||||
|||||BS14ND||||BS14NT|||||||





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



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|||||Unrestricted|Funds|Funds|Endowment|Total Funds|Total Funds|
|---|---|---|---|---|---|---|---|---|---|
|||||General|Designated||Funds|2021|2020|
||||Notes||f|||||
|income and Endowments||||||||||
|investment<br>Income||||30,720||||30,720|29,511|
|Total Income||||30,720||||30,720|29,511|
|Expenditure||||||||||
|Charitaiile<br>Actwities||||25,258||||25,258|29,210|
|Costs ofGenerating|Funds:|||||||||
|Investinent<br>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<br>d Gains||Losses:||||||||
|Net gains (losses) on Investments||||||||||
|Realised (nate 5refers)||||||261|10,109|10,370|(14,395)|
|Unrealised<br>note 5|re ers|||||916|53,511|54.427|(31,337)|
|Net Movement<br>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|





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|||BAIANCE SHEETAS AT51DECESRBER2021||||
|---|---|---|---|---|---|
||||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<br>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|





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|3. Investment<br>income||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
|||||||||f|E|
|Listed Investments||||||||30,293|28,937|
|Interest||||||||427|574|
|||||||||3D,720|29,511|
|4. Expenditure||||||||||
|||||||||2021|202D|
|||||||||E||
|Charitable<br>Expenditure||||||||||
|Charitable<br>Expenditure-|SaintStephen's|||Church||||24,000|28,000|
|I n dependent<br>examination||fess||||||945|1,020|
|Admin Casts||||||||313|190|
|||||||||25,258|29,210|
|Investment<br>Management|Casts|||||||9,935|7,667|
|||||||||35,193|36,877|
|Investment<br>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<br>Fund|||||||||59,278|
|||||||||986,661|819,328|
|Cash||||||||24,243|136,175|
|||||||||1,010,904|955,5D3|
|Movements<br>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<br>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<br>Income||||||||745|3,210|
|7, Creditors||||||||||
|StStephen's<br>Church|||||||||4,00D|
|Investment<br>Manager's|Fees|||||||1,604|1,484|
|Independent<br>Examiner|fee|||||||1,145|1,020|
|other Fees &Charges|||||||||690|
|||||||||2,749|7,194|
||||||||||Page 12|





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|||Unrestricted<br>General|Funds (6)<br>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<br>General|Funds (6)<br>Designated|Endowawnt<br>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|



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||||||Unrestricted|Funds|Endowment|Total Funds|
|---|---|---|---|---|---|---|---|---|
||||||||Funds|2020|
||||||General|Designated|||
|||||Notes||6|6||
|Income and|Endowment||||||||
|Investment<br>Income|||||28,891|620||29,511|
|Tota I Income|||||28,891|620||29,511|
|Expenditure|||||||||
|Charitable<br>Activities|||||29,210|||29,210|
|Costs ofGenerating||Funds:|||||||
|Investment|Management||Costs|1e||143|7,524|/,667|
|Total Ex enditum|||||29,210|143|7,524|36,877|
|Total income/(Expenditure)|||before||||||
|gains/(losses)|on investments||||(319)|477|(7,524)|(7,366)|
|Other Reco|nised Gains||Losses:||||||
|hist gains (losses) on||Investments|||||||
|Realised||||||(174)|(14,221)|(14,395)|
|Unrealised||||||(956)|(30,381)|(31,337)|
|Net IViovement<br>in FundS|||||(319)|(653)|(52,126)|(53,098)|
|Totai Funds|Brought|Forward|||42,208|17,852|984,851|1,044,911|
|Total Funds|Carried|Forward|||41~9|17,199|932,725|992,813|