2023-04-05-accounts

	Page
Report ofthe Trustees	1 to	4
Report ofthe Independent Auditors	5 to	6
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements	9 to	13
Detailed Statement ofFinancial Activities	14

		fort	he year ended SApril	2023
				2023	2022
				Unrestricted	Total
			Notes	fund	fundsI
INCOME AND ENDOWMENTS		FROM
Investment income				85,853	88,269
EXPENDITURE ON
Raising funds				30,268	23,025
Charitable activities
Grants				63,000	74,000
Bank charges					120
Other				11,817	2,918
Total				105,085	100,063
Net gains/(losses)	on investments			(42,781)	113,796
NET INCOME/(EXPENDITURE)				(62,013)	102,002
RECONCILIATION	OF FUNDS
Total funds brought	forward			2,752,351	2,650,349
TOTAL FUNDS CARRIED FORWARD				2,690,338	2,752,351

	The Skerritt Trust Balance Sheet 5April 2023
		2023	2022
		Unrestricted	Total
		fund	funds
	Notes	6	6
FIXEDASSETS
Investments
Investments		1828 996	1935517
Investment property		835,000	754,000
		2 663996	2 689517
CURRENT ASSETS
Cash at bank		50,767	91,893
CREDITORS
amounts falling due within one year		(24,425)	(29,059)
NET CURRENT ASSETS		26,342	62,834
TOTAL ASSETSLESSCURRENT
LIABILITIES		2,690,338	2,752,351
NET ASSETS		2,690,338	2,752,351
FUNDS
Unrestricted funds		2,690,338	2,752,351
TOTAL FUNDS		2,690,338	2,752,351

INVESTMEN	T INCOME
			2023	2022
			6
Rents received			32,381	32,076
Fixed interest	securities		2,210	8,453
Dividends			51,262	47,740
			85,853	88,269
RAISING FUNDS
Investment	management	costs
			2023	2022
				I
Porffolio management			8,194	8,135
Support costs			22,074	14,890
			30,268	23,025

COMPARATIVES F	OR THE ST	ATEMENT OF FINANCIAL ACT	IVITIES
			Unrestricted
			fundI
INCOME AND ENDOWMENTS		FROM
Investment income			88,269
EXPENDITURE ON
Raising funds			23,025
Charitable activities
Grants			74,000
Bank charges			120
Other			2,918
Total			100,063
Net gains on investments			113,796
NET INCOME			102,002
RECONCILIATION	OF FUNDS
Total funds brought	forward		2,650,349
TOTAL FUNDS CARRIED FORWARD			2,752,351

						Listed
						investments I
MARKET	VALUE
At 6 April	2022					1,935,517
Additions						225,471
Disposals						(208,211)
Revaluations						(123,781)
At 5 April	2023					1,828,996
NET BOOK VALUE
At 5 Apdl	2023					1,828,996
At 5 April	2022					1,935,517
The investments		consist of the following;
UK Listed	investments		6926,575(2022:	51,095,116)
Global Listed investments 6902,419(2022: 6840,401)
Cost or valuation		at 5	April 2023 is represented		by:
						Listed
						investments
						I
Valuation	in 2023					1,828,996
INVESTMENT PROPERTY
FAIR VALUE
At 6 April	2022					754,000
Revaluation						81,000
At 5 April	2023					835,000
NET BOOK VALUE
At 5 April	2023					835,000
At 5 April	2022					754,000
Fair value	at 5 April 2023 is represented			by:		I
Valuation	in 2023					835,000

8.	CREDI	TORS:	AMOUNTS FALLING DUE	WITHIN ONE YEAR
					2023	2022
	Other creditors				24,425	29,059
9.	MOVEMENT IN FUNDS
					Net
					movement	At
				At 6.4.22	in funds	5.4.23
				6	6	6
	Unrestricted		funds
	General	fund		2,752,351	(62,013)	2,690,338
	TOTAL	FUNDS		2,752,351	(62,013)	2,690,338

Net mo	vement	in funds, included	in the above are as foll	ows:
			Incoming	Resources	Gains and	Movement
			resources I	expended I	losses 6	in funds
Unrestricted		funds
General	fund		85,853	(105,085)	(42,781)	(62,013)
TOTAL	FUNDS		85,853	(105,085)	(42,781)	(62,013)

Compa	ratives	for movement in fund	s
				Net
				movement	At
			At 6.4.21	in funds	5.4.22
			6	6	6
Unrestricted		funds
General	fund		2,650,349	102,002	2,752,351
TOTAL	FUNDS		2,650,349	102,002	2,752,351

Compara	tive	net movement in fu	nds, included in the abo	ve are as follow	s:
			Incoming	Resources	Gains and	Movement
			resources I	expended I	losses	in funds I
Unrestricted		funds
General	fund		88,269	(100,063)	113,796	102,002
TOTAL	FUNDS		88,269	(100,063)	113,796	102,002

A curren	t year 12months and prior yea	r 12 months combined position is	as follows:
			Net
			movement	At
		At 6.4.21	in funds	5.4.23
			6	6
Unrestricb. d funds
General	fund	2,650,349	39,989	2,690,338
TOTAL	FUNDS	2,650,349	39,989	2,690,338

the abo	ve are	as follows:				,
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			6	5	6	6
Unrestricted		funds
General	fund		174,122	(205,148)	71,015	39,989
TOTAL	FUNDS		174,122	(205,148)	71,015	39,989

		The Skerritt Trust Detailed Statement of Financial Activities for the year ended 5 April 2023
			2023	2022
			6	6
INCOME AND ENDOWMENTS
Investment income
Rents received			32,381	32,076
Fixed interest securities			2,210	8,453
Dividends			51,262	47,740
			85,853	88,269
Total incoming resources			85,853	88,269
EXPENDITURE
Investment management		costs
Portfolio management			8,194	8,135
Charitable activities
Grants to institutions			63,000	74,000
Other
Investment property	costs		11,817	2,918
Support costs
Management
Management fee			19,944	12,860
Finance
Bank charges				120
Governance costs
Auditors' remuneration			2,130	2,030
Total resources expended			105,085	100,063
Net expenditure before gains and
losses			(19,232)	(11,794)
Realised recognised	gains	and losses
Gains/losses fa inve			(123,781)	61,796
Gains/losses inv prop			81,000	52,000
Net (expenditure)/income			(62,013)	102,002