|**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**<br>**Funds (Note 2)**|**Endowment Funds**|**Total Funds**<br>**2022**|**Total**|**Funds  2021**|
||**Notes**|**£**|**£**|**£**||**£**|
|**Income and Endowments**|||||||
|Investment Income|4|31,647|<br>_-_|31,647||30,720|
|Total Income||31,647|<br>_-_|31,647||30,720|
|**Expenditure**|||||||
|Charitable Activities|5|28,334|<br>_-_|28,334||25,258|
|**Costs of Generating Funds:**|||||||
|Investment Management Costs|5||||||
|Current Year||_-_|<br>9,489|9,489||9,935|
|Prioryear rebate||_-_|<br>(1,521)|(1,521)||_-_|
|Total Expenditure||28,334|<br>7,967|36,301||35,193|
|**Total lncome/(Expenditure) before**||**3,313**|<br>**(7,967)**|**(4,654)**||**(4,473)**|
|**Other Recognised Gains (Losses):**|||||||
|**Net gains (losses) on Investments**|||||||
|Realised_(note 6 refers)_||_-_|<br>(7,669)|(7,669)||10,370|
|Unrealised _(note 6 refers)_||_-_|<br>(42,572)|(42,572)||54,427|
|**Net Movement in Funds**||**3,313**|<br>**(58,209)**|**(54,895)**||**60,324**|
|Total Funds Brought Forward_(note 9_|_refers)_|65,571|<br>986,566|1,052,137||991,813|
|**Total Funds Carried Forward**_(note 9 refers)_||**68,884**|<br>**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**<br>Listed Investments<br>Interest<br>**5.  Expenditure**<br>Charitable Expenditure<br>Grants to St. Stephen's Church<br>Independent examination fess<br>Admin Costs<br>Investment Management Costs|**2022**<br>**£**<br>31,053<br>595<br>**31,647**<br>**2022**<br>**£**<br>26,486<br>972<br>876<br>28,334<br>7,968<br>36,301|**2021**<br>**£**<br>30,293<br>427|
|---|---|---|
|||**30,720**|
|||**2021**<br>**£**<br>24,000<br>945<br>313|
|||25,258<br>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**<br>**Listed Investments:**<br>Stocks & Shares<br>Bonds<br>**Unlisted Investments:**<br>Property Fund<br>Cash<br>**Movements in fixed asset investments were:**<br>Market value at 1 January<br>Additions to investments at cost<br>Disposal of investments at market value<br>**Net Investments gain (loss)**<br>Realised<br>Unrealised<br>**Market value at 31 December**<br>The cost of investments held at 31 December<br>**7.  Debtors**<br>Investment Income|**2022**<br>**£**<br>773,271<br>141,604<br>-<br>**914,875**<br>37,989<br>**952,865**<br>986,661<br>45,492<br>(67,036)<br>(7,669)<br>(42,572)<br>**914,875**<br>**828,569**<br>285|**2021**<br>**£**<br>866,508<br>120,153<br>-|
|---|---|---|
|||**986,661**<br>24,243|
|||**1,010,904**|
|||819,328<br>224,067<br>(121,531)<br>10,370<br>54,427|
|||**986,661**|
||||
|||**858,934**|
|||745|





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



## **9.  Analysis of Net Assets and Liabilities Between Funds** 

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