2022-12-31-accounts

SSEC STATEMENT OF	FINANCIAL ACTIVITIES FOR	FINANCIAL ACTIVITIES FOR	THE YEAR END 31 DECEMBER 2022 - DRAFT	THE YEAR END 31 DECEMBER 2022 - DRAFT	THE YEAR END 31 DECEMBER 2022 - DRAFT
		Unrestricted Funds (Note 2)	Endowment Funds	Total Funds 2022	Total	Funds 2021
	Notes	£	£	£		£
Income and Endowments
Investment Income	4	31,647	-	31,647		30,720
Total Income		31,647	-	31,647		30,720
Expenditure
Charitable Activities	5	28,334	-	28,334		25,258
Costs of Generating Funds:
Investment Management Costs	5
Current Year		-	9,489	9,489		9,935
Prioryear rebate		-	(1,521)	(1,521)		-
Total Expenditure		28,334	7,967	36,301		35,193
Total lncome/(Expenditure) before		3,313	(7,967)	(4,654)		(4,473)
Other Recognised Gains (Losses):
Net gains (losses) on Investments
Realised_(note 6 refers)_		-	(7,669)	(7,669)		10,370
Unrealised (note 6 refers)		-	(42,572)	(42,572)		54,427
Net Movement in Funds		3,313	(58,209)	(54,895)		60,324
Total Funds Brought Forward_(note 9_	refers)	65,571	986,566	1,052,137		991,813
Total Funds Carried Forward(note 9 refers)		68,884	928,357	997,241		1,052,137
	BALANCE SHEET AS AT 31 DECEMBER 2022 - DRAFT
				2022		2021
	Notes			£		£
Fixed Assets
Investments	6			952,865		1,010,904
Current Assets :
Debtors	7			285		745
Cash at Bank				46,970		43,237
				47,256		43,982
Creditors:
Amounts Falling due within one year	8			2,881		2,749
Net Current Assets				44,376		41,233
Net Assets				997,241		1,052,137
Represented By:
Unrestricted Funds:
General	9			68,884		65,571
				68,884		65,571
Endowment Funds	9			928,357		986,566
Total Funds	9			997,241		1,052,137

3. Unrestricted Funds

At their March 2022 meeting, Trustees agreed to subsume the prior year designated fund into the general fund

4. Investment Income Listed Investments Interest 5. Expenditure Charitable Expenditure Grants to St. Stephen's Church Independent examination fess Admin Costs Investment Management Costs	2022 £ 31,053 595 31,647 2022 £ 26,486 972 876 28,334 7,968 36,301	2021 £ 30,293 427
		30,720
		2021 £ 24,000 945 313
		25,258 9,935
	36,301	35,193

TBC Investment management costs are allocated to the endowment and unrestricted reserves designated on the basis of these funds at the beginning of the period to the market value of the investments at the same date.

6. Fixed Assets - Investments, Market Value Listed Investments: Stocks & Shares Bonds Unlisted Investments: Property Fund Cash Movements in fixed asset investments were: Market value at 1 January Additions to investments at cost Disposal of investments at market value Net Investments gain (loss) Realised Unrealised Market value at 31 December The cost of investments held at 31 December 7. Debtors Investment Income	2022 £ 773,271 141,604 - 914,875 37,989 952,865 986,661 45,492 (67,036) (7,669) (42,572) 914,875 828,569 285	2021 £ 866,508 120,153 -
		986,661 24,243
		1,010,904
		819,328 224,067 (121,531) 10,370 54,427
		986,661
		858,934
		745

8. Creditors Investment Manager's Fees Independent Examiner fee Other Fees & Charges	1,512 972 397 2,881	1,604 945 200
	2,881	2,749

9. Analysis of Net Assets and Liabilities Between Funds

Year end December 2022: Fixed Asset Investments Current Assets Current Liabilities (-) Year end December 2021: Fixed Asset Investments Current Assets Current Liabilities (-)	Unrestricted Funds (£) Endowment Funds (£) Total (£) 24,507 928,357 952,865 47,257 - 47,257 (2,881) - (2,881)
	68,884 928,357 997,241 Unrestricted Funds (£) Endowment Funds (£) Total (£) 24,338 986,566 1,010,904 43,982 - 43,982 (2,749) - (2,749)
	65,571 986,566 1,052,137

The unrestricted funds of the charity may be applied for charitable purposes in accordance with the objects of the Trust.

10. Related Party Transactions

There were no other related party transactions during current or preceding year. None of the Trustees received any remuneration or expenses from the charity during the year