REGISTERED CHARrrY NUMBER: 1016701
Report of the Trugtees and
Audlted Flnandal Statements
for the Year Ended 5 Aprll 2024
The Skerr]tt Trust
Clayton & Brewill
Statutory Auditors and
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NGI 7HR

The Skerritt Trust
Contents ol the Flnanclal Ststements
for the year ended S April 2024
Page
Report of the Trustees
Report of the Independent Auditors
Statement of Financial Artlvltles
Balance Sheet
Notss to the Flnanclal Statements
9 to 13
Detailed Statement of Flnanclal Actlvltles
14

The Skerritt Trust
Report of the Trustees
lor the year ended 5 April 2024
The trustees present thelr report with the financial statements of the charity lor the year ended
5 April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charltles..
statement of Recommended Practice appllcable to charftles preparing their accounts in accordance with
the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) (effective I
January 2019).
OBJECTIVES AND AcfIvITIES
Objectives and aims
The aims and objects of the Charlty are to SUPPOrt the housing needs of the elderly in the Nottingham
area withln a ten-mlle radlus from the Nottlngham Market Square. The Charity carries out these obj'erts
by provlding grants to projects and organisations that seek to aS515t the elderly in maintaining their
Independence by belng able to stay in their own homes and also to provlde additional facllltles and
comfort to the elderly in community houslng and associate amenitie5.
Grantmaklnq
The Charlty has establlshed Its grant maklng pollcy to achleve its objectlves for the public beneflt to
improve the lives of the elderly, The Trustees revlew the grant making policy annually to ensure that It
reflects the Charlty's objectlves and thereby advan￿5 publlc benefit. The beneflclaries of the grants are
elderiy per50n5 Ilvlng in the Nottingham area within a ten-mile radius from the Nottingham Market
Square, as Set out in the Trust Deed. Such persons either live In their own homes or
communlty
hou51ng.
Any benefit received by the organlsatlons applying for fundlng Is purely Incldental to the
objectives of the Charlty.
The Charity Invltes appllcatlons for funding items and facilities from oryanisations who assist in the
houslng needs of the elder5y either in community housing or in their own homes. Applications are to be
made in wrlting with supporting annual accounts and detai15 of the cost of items or facllltles needed.
ACHIEVEMENT AND PERFORMANCE
Charltsble artlvltles
Grants awarded totalled £58,000 (2023: £63,000).
The Trustees decided to contlnue the grants to Age UK and Joint Homes Committee since they have
dirert contsct wlth the elderly and can more easlly Identlfy thelr housing needs. The grant to Age UK
amounted to £36,000 which help5 fund5 repairs and maintenance to homes, as well as mobility
assistance items such as grab rails, stalr ralls and chalr Ilfts.
The grant to Jolnt Homes Commlttee amounted to £20,000 for the year and the funds were used to cover
the cost of items for residents in the variou5 housing associations for the elderly such as stalr Ilfts,
floorlngi decorating, bedding and furniture.
Grants to both Age UK and Jolnt Homes have been paid quarterly. The Trustees were pleased to receive
the reports from both organisations, which set out clearly how the funds have a5515ted the houslng needs
of the elderly.
A grant of £1,000 was paid to Radford Care Group to cover part of the cost of a new caterlng oven and
water boiler and finally a grant of £1,000 was paid to My Sight to help purchase items such as audio
equipment and desktop magnlflers to a5515t Indivlduals with sight loss In their homes,
Page I

The Skerritt Trust
Report of the Trustees
for the year ended S April 2024
ACHIEVEMENT AND PERFORMANCE
Investment performance
The trustees have wide investment powers afforded to them by the Trust Instrument and power to apply
the annual income of the Charity for its charitable purposes. The trustees have not adopted an ethical
investment policy. The trustees a150 have power to accumulate any income, which is not so used, and to
add it to the capital of the Trust Fund. They also have power to Use the accumulated fund as though It
was income arising during the then current year. The Charity's investments are held in safe custody by
Freeths LLP and are registered In their Nomlnee Company Willoughby Corporate Trustee knmited for ease
of administrntlon by the Charity. Brewin Dolphin Llmited and Sarasln & Partners provldes investment
advlce.
The Charity is reliant on its income from its investments. The gross income earned for the year ended 5
April 2024 amounted to £83,912 (2023: £85,853).
The total grants awarded by the Tnjstees amounted to £58,000 {2023: £63,000) and the cost of
administrating the charlty amounted to £17,441 {2023'. £30,268).
The Charity's total income ex￿eded its expenses, before deducting grants, by £58,463. The market
value of the Charlty'5 investment5 ha5 increased in value by 2.2010 to £2,726,653.
FINANCIAL REVIEW
Reserves policy
Tt Is the policy of the Charlty to always malntaln funds, which provlde sufficlent funds, to cover
management, administration and 5UPPOrt costs for one year. The Tru5tee5 consider that £40,000 should
be retalned for thi5 purpose. The Charity'5 total financlal reserves a5 at 5th Aprll 2024 are £2,773,638
which represents accumulated Income which may change from time to time.
FUTURE PLANS
It Is hoped that a more favourable investment cllmate wlll provide higher levels of income to enable the
trustees to Increase the level of grants in the forthcoming year.
The trustee5 would also hope to receive applications from a wider source within their geographical remit
so as to prevent repetitlve grants.
STRUCTURE, GOVERNANCE AND MANAGEMEKr
Governlng document
The charity is controlled by Its governlng document, a deed of trust and constltutes an unincorporated
charity.
The Skerritt Trust Is an unincorporated trust constituted under a Trust Deed dated 24th November 1992
by the then Chalmian and Dlrertor of the Nottingham Q)uncil for VolLtntary Service, following the bequest
to the Council by the late Gertrude Annie Skerritt of her residuary estate following her death on the 20th
January 1970. It was Mlss Skerritt'5 wish that her residuary estate be used for the housing needs of the
elderly.
Recrultment and appolntment of new trustees
The power to appoint new trustees vests In the trustees from tlme to time appointed, there being
maximum of twelve but no less than eight. At the time of trustees meetingi four trustees form a quorum
with questions being decided by a majorlty vote, the Chalrman having a second or casting vote In the
case of an equality of votes.
Organlsatlonal structure
At the trustee's quarterly meetings, the trustees consider applicatlons for grants, review Investments and
flnancial reserves.There can also be speaal meetings, if a particular topic is needed to be discussed.
The trustee5 keep the sklll requirements for the Trustee Body under revlew and in the event of there
being a vacancy for a new trustee, recommendations are received from existing trustee5 of members of
the community wlth skllls and an In depth knowledge of the housing need5 of the elderly.
Related partles
Some of the trustees of Skerritt Trust are also trustees of the recipients of the grants paid. All grants are
awarded through the correct procedures wlth no reflectlon on the trustees Involvement. Detai15 of such
related party tran&irtion5 durlng the year can be found in the notes to the accounts.
Page 2

The Skerritt Trust
Report of the Trustees
for the year ended 5 Aprll 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Re9i$tered Charity number
1016701
Prlnclpal address
PO Box 11228
Nottingham
Nottinghamshire
NG14 6YY
Trustees
D Lowe
R Taylor
S Wanyn5ka
Mrs A Davles
Mrs T Clayton
Ms R Hatvie
R Turner
N Cullen
Audltors
Clayton & Brewlll
Statutory Audltors and
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottlnghamshire
NGI 7HR
Solicitors
Freeths LLP, Cumberland Court, 80 Mount Street, Nottingham NGI 6HH
Advlsers
Brewin Dolphin, 1st Floor Waterfront House, Waterfront Pla2a, 35 Statlon Street, Nottingham NG2 3DQ
Sarasln & Partners LLP, Juxon House, 100 St. Paul's Churchyard, London EC4M 8BU
STATEMENT OF TRUSTEE5' RESPONSIBIUTIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in
accordance with applicable law and Unlted Klngdom Accounting Standards (Unlted Klngdom Generally
Accepted Accounting Practice),
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and
Reports) Regulatlons 2008 and the provislons of the trust deed requires the trustees to prepare financial
statements for each financial year which give a true and fair view of the State Df affairs of the charity and
of the incomlng resources and application of resources, Includlng the Income and expenditure, of the
charity for that period. In preparing those financial siatements, the trustees a￿ required to
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent;
prepare the flnancial statements on the golng concern basis unless it is Inappropriate to presume that
the charity will continue in business.
The trustees are responslble for keeplng proper accounting record5 which disclase with reasonable
accuracy at any tlme the financial position of the charity and to enable them to ensure that the financial
statements comply with the Charitie5 Att 2011, the Charity (Accounts and Reports) Regulations 2008 and
the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 3

The Skerrltt Trust
Report of the Trustees
for the year ended 5 Aprll 2024
Approved by order of the board of trustees on
by:
..2.TrK>v
and signed on its behalf
N Cullen - Trustee
Page 4

Report of the Independent Audltors to the Trustees of
The Skerrltt Trust
Oplnlon
We have audited the flnancial statements of The Skerritt Trust (the 'charity') for the year ended
S April 2024 whlch comprise the Statement of Financial Activitie5, the Balance Sheet and notes to the
financlal statements, including a Summary of significant accounting policies. The financial reporting
framework that has been applled in their preparation is applicable law and United Klngdom Accounting
Standards (United Kingdom Generally Accepted Accounting Prartice),
In our opinion the financial statement5-
glve a true and fair vlew of the State of the charfty's affairs as at 5 Aprll 2024 and of Its Incoming
resources and application of resources, for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accountlng
Practice; and
have been prepared in accordance wlth the requirements of the Charltles Art 2011.
Basis for opinion
We conducted our audlt in accordance with International Standards on Auditing (UK) (ISAs (UK)) and
appllcable law. Our responsibilitles under those standards are further descrlbed in the Auditors.
responsibilities for the audit of the financial statements section of our report. We are independent of the
charity In accordance wlth the ethlcal requlrements that are relevant to our audlt of the financial
statements In the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responslbllltles In accordance with these requirement5. We belleve that the audlt evldence we have
obtalned is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financlal Statements, we have concluded that the trustees, use of the golng concern basis
of accountlng In the preparatlon of the flnancial statements is approprlate.
8ased on the work we have performed, we have not identified any materla5 uncertalntles relatlng to
events or condition5 that, individually or collectively, may cast slgnlflcant doubt on the charity's ability to
continue as a golng concern for a perlod of at least twelve months from when the financlal statements are
authori5ed for issue.
Our responsibillties and the responsibilities of the trustees with respect to going concern are described in
the relevant sectlons of th15 report.
Other Informatlon
The trustees are responsible for the other Informatlon. The other Informatlon comprises the information
Included in the Annual Report, other than the flnanclal statements and our Report of the Independent
Auditors thereon.
Our opinlon on the financial statements does not cover the other Information and, except to the extent
otherwlse expllcltly stated In our report, we do not express any form of assurance concluslon thereon.
In connectlon wlth our audlt of the flnancial statements, our responsibility is to read the other Infomatlon
and, in doing so, consider whether the other inforniation is materlally Incon515tent with the financial
statements or our knowledge obtalned sn the audlt or otherwlse appears to be materially misstated. If we
identify such materlal incon515tencies or apparent material misstatements, we are required to determine
whether this gives rise to a material mi5Statement in the financlal statements themselves. If, based on
the work we have performed, we Conclude that there is a material misstatement of this other infomiation,
we are required to report that fact. We have nothlng to report in this regard.
Matters on which we are requlred to report by exceptlon
We have nothing to report in respect of the following matters where the Charitie5 (Accounts and Reports)
Regulatlons 2008 requires us to report to you If, in our opinion:
the information given in the Report of the Trusttts is inconsistent in any material respect with the
financial statements, or
sufficient accounting records have not been kept,. or
the financial statements are not in agreement with the accounting records and returns. or
we have not received all the information and explanations we require for our audit.
Page 5

Report of the Independent Auditors to the Trustees of
The Skerrltt Trust
Responsibllities of trustees
As explalned more fully In the Statement of Trustees, Responsibilities, the trustees are responsible for the
preparatlon of the financlal ststements whlch glve a true and falr view, and for such internal control as
the trustees determine is necessary to enable the preparatlon of financial statements that are free from
rnaterial rnisstatement, whether due to fraud or error.
In preparlng the finanoal statements, the trustees are responsible for assessing the charlty's ablllty to
ontlnue as a golng concern, disclosing, as applicable, matter5 related to going concern and uslng the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operatlons, or have no realistlc alternative but to do so.
Our responslbllltles for the audit ol the flnJnclal statements
We have been appointed as auditors under Section 144 of the Charitles Act 2011 and report in
accordance with the Act and relevant regulatlons made or having effect thereunder.
Our objectlves are to obtaln reasonable assurance about whether the financial ststements as a whole are
free from material misstatement, whether due to fraud or error, and to Issue a Report of the Independent
Auditors that Includes our opinion. Reasonable assurance Is a high level of assurance, but is not a
guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material
mlsstatement when it exists. Misstatements can arise from fraud or error and are considered material if,
individually or in the aggregate, they could reasonably be expected to influentt the economic decisions of
Users taken on the basls of these flnanclal statements.
The extent to which our procedures are capable of detectlng Irregularftles, Includlng fraud Is detalled
below:
Enqulry of management and those charged wlth governance around actual and potential litigatlon and
claim5;
Revlewlng flnancial ststement disclosures and testlng to supportlng documentation to assess
cornpllance with applicable laws and regulatlons;
Perfonning audlt work over the risk of management overrfde of controls, includlng testlng of Joumal
entries and other adjustments for appropriateness, evaluating the business rationale of significant
tran5artions outslde the normal course of business and reviewing accountlng estimates lor bias.
A further descrlptlon of our ￿SpOnsIbIlitIeS for the audlt of the flnanclal statements Is located on the
Financial Reporting Council's website at www.frc.org.uk/audltorsresponsibllltles. Thls description forms
part of our Report of the Independent Auditors.
Use of our report
Thls report Is made solely to the charity's trustees, as a bodyi In accordance with Part 4 of the Charltles
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to
the charity's trustee5 those matter5 we are required to state to them in an auditors, report and for no
other purpose. To the fullest extent permitted by law, we do not accept Dr assume responsibility to
anyone other than the charity and the charlty's trustees as a bodyi for our audit work, for this report, or
for the opinions we have formed.
Clayton & Brewill
Statutory Auditors and
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NGI 7HR
Date: ...
Page 6

The Skerritt Trust
ststement of Financial Activities
for the year ended 5 April 2024
2024
Unrestricted
fund
2023
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Investment income
83,912
85,853
EXPENDITURE ON
Raising funds
17,441
30,268
Charitable activitles
Grants
58,000
63,000
other
8,008
11,817
Total
83,449
105,085
Net gains/(losses) on investments
82,837
(42,781)
NET INCOME/IEXPENDITURE)
83,300
(62,013)
RECONCILIATION OF FUNDS
Total funds brought forward
2,690,338
2,752,351
TOTAL FUNDS CARRIED FORWARD
2,773,638
2,690,338
The notes form part of these financiBI statements
Page 7

The Skerritt Trust
Balance Sheet
5 April 2024
2024
Unrestricted
fund
2023
Total
funds
Notes
FIXED ASSETS
Investments
Investments
Investment property
2,052,653
674,000
1,828,996
835,000
2,726,653
2,663,996
CURRENT ASSETS
Cash at bank
68,399
50,767
CREDITORS
Amounts falling due within one year
(21,414)
(24,425)
NEf CURRENT ASSETS
46,985
26,342
TOTAL ASSETS Less CURRENT
LIABILITIES
2,773,638
2,690,338
NEf ASSETS
2,773,638
2,690,338
FUNDS
Unrestritted funds
2,773,638
2,690,338
TOTAL FUNDS
2,773,638
2,690,338
The flnanclal sta
ements w
re approved by the Board of Trustees and authorlsed for Issue on
and were signed on its behalf by..
N Cullen - Trustee
The notes form part of these financial stotements
Page 8

The Skerritt Trust
14otes to the Flnanclal Statements
for the year ended 5 April 2024
ACCOUNTING POLICIES
Basls of preparlng the flnancial ststements
The financial Statements of the charity, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accountlng and Reporting by Charitles..
statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance
with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Charities Act 2011. The flnanclal statements
have been prepared under the historical cost convention, wlth the exception of investments which
are Included at market value, as modlfled by the revaluation of certaln assets.
Income
All income is recognised in the Statement of Financial Activltles once the charlty has entitlement to
the funds, It Is probable that the Income wlll be recelved and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
commlttlng the charity to that expenditure, It Is probable that a transfer of economlc benefits wlll
be required in settlement and the amount of the obllgation can be measured reliably. Expendlture
is accounted for on an accruals basls and has been classifled under headlngs that aggregate all
cost related to the category. whe￿ c05ts cannot be directly attrlbuted to partlcular headings they
have been allocated to actlvit5es on a basis consistent with the use of resources.
Grants offered subject to condltlons whlch have not been met at the year end date are noted as a
commitment but not accrued as expendlture.
Ralslng funds
The costs of generating funds con51St of investment management fees
Charltable activities
Costs of charitable actlvitle5 consist of grants made per note 5.
Governance costs
Governance costs comprise all costs involving the public accountabi1Sty of the charlty and Its
compliance wlth regulation and good practice. These costs Include costs related to statutory audit
and solicltors management fees.
Fixed auet Investments
Investments are stated at market value as at the balance sheet date. The statement of financial
activities includes the net gain5 and losse5 arising an revaluation and disp05a15 throughout the
year.
Taxatlon
The charity is exempt fmm tax on its charitable activities.
Fund ac¢ountlng
Unrestricted fund5 can be used in accordance with the charitable obj'ectives at the discretlon of the
trustees.
Reallsed galns and losses
All gains and 10sse5 are taken to the statement of financial attivities a5 they arise. Realised gains
and 1055es on investments are calculated as the difference between sales proceeds and opening
market value (purchase date if later). Unrealised gains and losse5 are calculated as the dlfference
between the market value at the year end and opening market value (or purchase date if later).
Reallsed and unrealised gains are not separated in the Statement cf Financial Actlvitles.
Page 9
continued...

The Skerritt Trust
Notes to the Financlal Statements - contlnued
for the year ended 5 Aprll 2024
INVESTMENT INCOME
2024
2023
Rents received
Fixed interest securities
Dividends
29,028
9,483
45,401
32,381
2,210
51,262
83,912
85,853
RAISING FUNDS
Investment management costs
2024
2023
Portfolio rnanagement
Support costs
8,209
9,232
8,194
22,074
17,441
30,268
TRUSTEES, REMUNERATfON AND BENEFITS
There were no trustees, remuneration or other beneflts for the year ended 5 Aprll 2024 nor for the
year ended 5 Aprll 2023.
Truste•s' expenses
There were no trustees, expenses pald for the year ended S April 2024 nor for the year ended
5 April 2023.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcrIvrrIES
Unrestricted
fund
INCOME AND ENDOWMENTS FROM
Investment Income
85,853
EXPENDrruRE ON
Raising funds
30,268
Charltable activities
Grants
63,000
other
11,817
Total
105,085
Net galnsl(1055es) on Investments
(42,781)
NEf INCOME/(EXPENDITURE)
(62,013)
RECONCIUATION OF FUNDS
Total funds brought forward
2,752,351
TOTAL FUNDS CARRIED FORWARD
2,690,338
Page 10
continued...

The Skerritt Trust
Notes to the Financial Statements - contlnued
for the year ended 5 Aprll 2024
FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 6 April 2023
Addition5
Disposals
Revaluations
1,828,996
312,804
(210,927)
121.780
At 5 April 2024
2,052,653
NET BOOK VALUE
At 5 April 2024
2,052,653
At 5 April 2023
1,828,996
The Investments conslst of the followlng.
UK Listed investments £1.106,889.48 {2023', £926,575)
Global Listed investments £945,763.52 (2023.. £902,419)
Cost or valuatlon at 5 AprS12024 15 rep￿sented by..
Llsted
investments
Valuation In 2024
2,052,653
INVESTMENT PROPERTY
FAIR VALUE
At 6 April 2023
Disposals
Revaluation
835,000
(140,000)
(21,000)
At 5 April 2024
674,000
NEf BOOK VALUE
At S Aprll 2024
674,000
At 5 Aprll 2023
835,000
Fair value at 5 April 2024 is represented by..
Valuation in 2023
Valuatlon In 2024
835,OQO
(161,000)
674,000
The fair value of the investment properties were valued at the year end date by the trustees with
the assistance of a reputable property valuation website.
Page 11
continued...

The Skerrltt Trust
Notes to the Flnanclal Statements - continued
for the year ended S Aprll 2024
CREDITORS: AMOUNTS FALLING DUE WITHXN ONE YEAR
2024
2023
Other creditor5
21,414
24,425
MOVEMENT IN FUNDS
Net
movement
in funds
At
5.4.24
At 6.4.23
Unrestrlcted funds
General fund
2,690,338
83,300
2,773,638
TOTAL FUNDS
2,690,338
83,300
2,773,638
Net movement in funds, Included in the above are as follows..
Incomlng
resources
Resources
expended
Galns and
losses
Movement
in funds
Unre•trlcted funds
General fund
83,912
{83,449)
82,837
83,300
TOTAL FUNDS
83,912
(83,449)
82,837
83,300
Comparatlves for movement In funds
Net
movement
In funds
At
5.4.23
At 6.4.22
Unrestrlcted lund$
General fund
2,752,351
162,013 } 2,690,338
TOTAL FUNDS
2,752,351
(62,013)
2,690,338
Comparative net movement in funds, Included In the above are as follow5:
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestrlcted funds
General fund
85,853
(105,085)
(42,781)
(62,013)
TOTAL FUNDS
85,853
(105,085)
(42,781)
(62,013)
Page 12
continued..

The Skerritt Trust
Notes to the Pinancial Statements - continued
for the year ended 5 Aprll 2024
MOVEMENT IN FUNDS - continued
A current year 12 months and prlor year 12 rnonth5 combined position 15 as follow5..
Net
movement
In funds
At
5.4.24
At 6.4.22
Unrestrlcted funds
General fund
2,752,351
21,287
2,773,638
TOTAL FUNDS
2,752,351
21,287
2,773,638
A current year 12 months and prior year 12 months combined net movement in funds, included in
the above are as follows..
Incomlng
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestrlcted funds
General fund
169,765
(188,534)
40,056
21,287
TOTAL FUNDS
169,765
(188,534)
40,056
21,287
10. RELATED PARTY DISCLOSURES
Teresa Clayton is a trustee of the Jolnt Homes Committee who received total grants of £20,000
durlng the year.
Sandra Warzynska Is a trustee of Age UK Nottm and Notts and also a trustee of Radford Care
Group who received total grants of £36,000 and £1,000 during the year respectlvely.
The grants were awarded through the correct procedure with no ￿fferti0n on the trustee5
Involvement.
Page 13

The Skerrttt Trust
Detsiled Ststement of Flnanclal Actlvltles
ft•r the year ended 5 Aprll 2024
2024
2023
INCOME AND ENDOWMENTS
Investment Income
Rents received
Fixed Interest securitles
Dividends
29,028
9,483
45,401
32,381
2,210
51,262
83,912
85,853
Total Incomlng resources
83,912
85,853
EXPENDITURE
Investment management costs
Portfolio management
8,209
8,194
Charltable actlvltles
Grants to institutions
58,000
63,000
Other
Investment property costs
8,008
11,817
Support costs
Management
Management fee
6,949
19,944
Flnance
Bank charges
Governance costs
Audltors, remuneratlon
2,281
2,130
Total re50ur¢es expended
83,449
105,085
Net Income/(expendlture) before
galns and losses
463
(19,232)
Realised recognised galns and losses
Galns/losses f a Inve
Galns/losses Snv prop
121,780
(38,943)
(123,781)
81,000
Net Income/(exp•ndlture)
B3,300
(62,013)
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