||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)|