| Page | ||
|---|---|---|
| Report of the Trustees | 1 to | 4 |
| Report ofthe Independent Auditors |
5to6 | |
| Statement of Financial Activities | ||
| Balance Sheet | ||
| Notes to the Financial Statements | 9 to | 13 |
| Detailed Statement of Financial Activities | 14 |
| for t | he year ended 5 April |
2021 | ||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Unrestricted | Total | |||||
| fund | funds | |||||
| Notes | E | E | ||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Investment income |
85,499 | 96,429 | ||||
| EXPENDITURE ON | ||||||
| Raising funds | 21,352 | 22,093 | ||||
| Charitable activities |
||||||
| Grants | 70,060 | 106,878 | ||||
| Other | 4,490 | 4,149 | ||||
| Total | 95,902 | 133,120 | ||||
| Net gains/(losses) | on | investments | 415,037 | (119,070) | ||
| NET INCOME/(EXPENDITURE) | 404,634 | (155,761) | ||||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 2,245,715 | 2,401,476 | |||
| TOTAL FUNDS CARRIED FORWARD | 2,650,349 | 2,245,715 |
| The Skerritt Trust Balance Sheet 5 April 2021 |
||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | E | E | ||
| FIXEDASSETS | ||||
| Investments | ||||
| Investments | 1,899,159 | 1,552,797 | ||
| Investment property |
702,000 | 675,000 | ||
| 2,601,159 | 2,227,797 | |||
| CURRENT ASSETS | ||||
| Cash at bank | 79,291 | 45,729 | ||
| CREDITORS | ||||
| Amounts falling due within |
one year | (30,101) | (27,811) | |
| NET CURRENT ASSETS | 49,190 | 17,918 | ||
| TDTal. ASSETS LESScURRENT | ||||
| LIABILITIES | 2,650,349 | 2,245,715 | ||
| NET ASSETS | 2,650,349 | 2,245,715 | ||
| FUNDS | ||||
| Unrestricted funds |
2,650,349 | 2,245,715 | ||
| TOTAL FUNDS | 2,650,349 | 2,245,715 |
| INVEST | MENT INCOME | ||
|---|---|---|---|
| 2021 | 2020 | ||
| F | E | ||
| Rents received | 30,336 | 33,340 | |
| Fixed interest securities | 9,719 | 8,830 | |
| Dividends | 45,444 | 54,096 | |
| Interest | on cash deposits | 163 | |
| 85,499 | 96,429 |
| Investment | management | costs | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| E. | ||||
| Portfolio management | 8,000 | 7,925 | ||
| Support costs | 13,352 | 12,244 | ||
| 21,352 | 20,169 |
| COMPARATIVES FO |
R THE STA | TEMENT OF FINANCIAL ACT | IVITIES |
|---|---|---|---|
| Unrestricted | |||
| fund | |||
| E | |||
| INCOME AND ENDOWMENTS | FROM | ||
| Investment income |
96,429 | ||
| EXPENDITURE ON | |||
| Raising funds | 22,093 | ||
| Charitable activities |
|||
| Grants | 106,878 | ||
| Other | 4,149 | ||
| Total | 133,120 | ||
| Net gains/(losses) on |
investments | (119,070) | |
| NET INCOME/(EXPENDITURE) | (155,761) | ||
| RECONCILIATION OF FUNDS |
|||
| Total funds brought | forward | 2,401,476 | |
| TOTAL FUNDS CARRIED FORWARD | 2,245,715 |
| Listed | ||||
|---|---|---|---|---|
| Investments | ||||
| f | ||||
| MARKET VALUE | ||||
| At 6 April 2020 | 1,552,797 | |||
| Additions | 167,975 | |||
| Disposals | (209,650) | |||
| Revaluations | 388,037 | |||
| At 5 April 2021 | 1,899,159 | |||
| NET BOOK VALUE | ||||
| At 5 April 2021 | 1,899,159 | |||
| At 5 April 2020 | 1,552,797 | |||
| The investments | consist ofthe following; | |||
| UK Listed investments | f1,143,685 (2020:f1,217,200) | |||
| Global Listed investments f755,474 (2020: f335,457) |
||||
| Cost or valuation | at 5 | April 2021 is represented | by: |
| Cost or va | luation at 5 April 2021 is repre |
sented by: |
|
|---|---|---|---|
| Listed | |||
| investments | |||
| Valuation | in 2021 | 335,024 | |
| Cost | 1,564,135 | ||
| 1,899,159 | |||
| INVESTMENT PROPERTY | |||
| FAIR VALUE | |||
| At 6 April | 2020 | 675,000 | |
| Revaluation | 27,000 | ||
| At 5 April | 2021 | 702,000 | |
| NET BOOK VALUE | |||
| At 5 April | 2021 | 702,000 | |
| At 5 April | 2020 | 675,000 | |
| Fair value | at 5 April 2021 is represented | by: | f |
| Valuation | in 2021 | 27,000 | |
| Cost | 675,000 | ||
| 702,000 |
| CREDI | TORS: | AMOUNTS FALLING DUE |
WITHIN ONE YEAR | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Trade creditors | 1,848 | ||||
| Other creditors | 28,253 | 27,811 | |||
| 30,101 | 27,811 | ||||
| MOVEMENT IN FUNDS | |||||
| Net | |||||
| movement | At | ||||
| At 6.4.20 | ln funds | 5.4.21 | |||
| F | |||||
| Unrestricted | funds | ||||
| General | fund | 2,245,715 | 404,634 | 2,650,349 | |
| TOTAL | FUNDS | 2,245,715 | 404,634 | 2,650,349 |
| Incoming | Resources | Gains and | Movement | ||||||
|---|---|---|---|---|---|---|---|---|---|
| resources | expended | losses | ln funds | ||||||
| E | E | E | |||||||
| Unrestricted | funds | ||||||||
| General | fund | 85,499 | (95,902) | 415,037 | 404,634 | ||||
| TOTAL | FUNDS | 85,499 | (95,902) | 415,037 | 404,634 | ||||
| Comparatives | for | movement | in | funds | |||||
| Net | |||||||||
| movement | At | ||||||||
| At 6.4.19 f |
ln funds f |
5.4.20 E |
|||||||
| Unrestricted | funds | ||||||||
| General | fund | 2,401,476 | (155761) | 2,245,715 | |||||
| TOTAL | FUNDS | 2,401,476 | (155,761) | 2,245,715 |
| Compara | tive | net movement ln fu |
nds, included ln the abo |
ve are as follow | s: | |
|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | ln funds | |||
| E | E | |||||
| Unrestricted | funds | |||||
| General | fund | 96,429 | (133,120) | (119,070) | (155,761) | |
| TOTAL | FUNDS | 96,429 | (133,120) | (119,070) | (155,761) |
| A curren | t yea | r 12 months and prior yea |
r 12 months combined position is |
as follows: | |
|---|---|---|---|---|---|
| Net | |||||
| movement | At | ||||
| At 6.4.19 f |
in funds E |
5 4 21 E |
|||
| Unrestricted | funds | ||||
| General | fund | 2,401,476 | 248,873 | 2,650,349 | |
| TOTAL | FUNDS | 2,401,476 | 248,873 | 2,650,349 |
| the abo | ve are | as follows: | , |
|||
|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |||
| resources E |
expended E |
losses E. |
in funds f |
|||
| Unrestricted | funds | |||||
| General | fund | 181,928 | (229,022) | 295,967 | 248,873 | |
| TOTAL | FUNDS | 181,928 | (229,022) | 295,967 | 248,873 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| E | ||||
| INCOME AND ENDOWMENTS | ||||
| Investment income |
||||
| Rents received | 30,336 | 33,340 | ||
| Fixed interest securities | 9,719 | 8,830 | ||
| Dividends | 45,444 | 54,096 | ||
| Interest on cash deposits | 163 | |||
| 85,499 | 96,429 | |||
| Total incoming resources |
85,499 | 96,429 | ||
| EXPENDITURE | ||||
| Investment management |
costs | |||
| Portfolio management | 8,000 | 7,925 | ||
| Charitable activities |
||||
| Grants to institutions | 70,000 | 106,878 | ||
| Other | ||||
| Investment property |
costs | 4,490 | 4,149 | |
| Support costs | ||||
| Management | ||||
| Management fee |
11,399 | 12,244 | ||
| Finance | ||||
| Bank charges | 60 | 30 | ||
| Governance costs | ||||
| Auditors' remuneration |
1,953 | 1,894 | ||
| Total resources expended | 95,902 | 133,120 | ||
| Net expenditure before gains and |
||||
| losses | (10,403) | (36,691) | ||
| Realised recognised | gains | and losses | ||
| Gains/losses fa Inve |
388,037 | (262,103) | ||
| Gains/losses inv prop |
27,000 | 143,033 | ||
| Net income/(expenditure) | 404,634 | (155,761) |