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





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|||fort|<br>he year ended SApril|2023||
|---|---|---|---|---|---|
|||||2023|2022|
|||||Unrestricted|Total|
||||Notes|fund|fundsI|
|INCOME AND ENDOWMENTS||FROM||||
|Investment<br>income||||85,853|88,269|
|EXPENDITURE ON||||||
|Raising<br>funds||||30,268|23,025|
|Charitable<br>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|





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||The Skerritt Trust<br>Balance Sheet<br>5April 2023|||
|---|---|---|---|
|||2023|2022|
|||Unrestricted|Total|
|||fund|funds|
||Notes|6|6|
|FIXEDASSETS||||
|Investments||||
|Investments||1828 996|1935517|
|Investment<br>property||835,000|754,000|
|||2 663996|2 689517|
|CURRENT ASSETS||||
|Cash at bank||50,767|91,893|
|CREDITORS||||
|amounts<br>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<br>funds||2,690,338|2,752,351|
|TOTAL FUNDS||2,690,338|2,752,351|





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|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|



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|COMPARATIVES<br>F|OR THE ST|ATEMENT OF FINANCIAL ACT|IVITIES|
|---|---|---|---|
||||Unrestricted|
||||fundI|
|INCOME AND ENDOWMENTS||FROM||
|Investment<br>income|||88,269|
|EXPENDITURE ON||||
|Raising funds|||23,025|
|Charitable<br>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|





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|||||||Listed|
|---|---|---|---|---|---|---|
|||||||investments<br>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<br>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|





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|8.|CREDI|TORS:|AMOUNTS<br>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,<br>included|in the above are as foll|ows:|||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources<br>I|expended<br>I|losses<br>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)|



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|Compa|ratives|for movement<br>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<br>in fu|nds,<br>included<br>in the abo|ve are as follow|s:||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources<br>I|expended<br>I|losses|in funds<br>I|
|Unrestricted||funds|||||
|General|fund||88,269|(100,063)|113,796|102,002|
|TOTAL|FUNDS||88,269|(100,063)|113,796|102,002|





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|A curren|t year 12months<br>and prior yea|r 12 months<br>combined<br>position<br>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|<br><br> as follows:|<br>|||,<br>|
|---|---|---|---|---|---|---|
||||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|



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