SKELTON BOUNTY
ANNUAL REPORT
AND INDEPENDENTLY EXAMINED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2023
CHARITY NUMBER: 219370

SKELTON BOUNTY
TRUSTEES, REPORT FOR THE YEAR ENDED 5TH APRIL 2023
The Trustees present their annual report and financial statements of the charity for the year ended
5th April 2023. The financial statements have been prepared in accordance with the charity's trust
deed, the Chaiities Act 2011 and Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021 update bulletin
2 {effective 1 sl January 2019}.
The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to
the extent required to provide a true and fair view. This departure has involved following the
Statement of Recommended Practice for charities applying FRS 102 rather than the version of the
Statement of Recommended Practice which is referred lo in the Regulations but which has since
been withdrawn.
OBJECTIVES AND ACTIVITIES
The charity makes grants to legally constituted charities situated working within the counties of
Lancashire, Greater Manchester, and Merseyside (including the unitary areas of Blackburn,
BlackpoDI, Halton and Warrington).
Grant Making Policy:
The availability of grants is publicised and applications for grants are received each year between
February and May. Decisions about which applications are to be supported are taken by the
Trustees at their annual meeting which is usually held in June or July. The Bounty makes grants
whose sizes range from as little as £50 to a maximum of£5,000 {2022.' maximum £5,000). Faclors
which are taken into account in choosing the successful applications include the amount sought, the
nature of the applicant charity and the project, and whether the applicant charity has a Irack record
of suc￿SsfUllY delivering its objectives with previous assistance from the Bounty. The Trustees
prefer to make grants to assist capital or one-off projects rather than recurring routine expenditure.
Public Benefit:
In planning the charity's grant making activities the Trustees have given consideration to the Charity
Commission's guidan￿ on public benefit. As a grant making charity, all applications are considered
to ensure beneficiary charities themselves deliver public benefit.
ACHIEVEMENTS AND PERFORMANCE
Grants were awarded to 6912022.. 84) charities ranging from £460 to £3,000 (2022-. £400 to
£2,015).
The charity's investments are held in composite funds which are actively monitored and managed
throughout the year by the Investment Managers. The income generated by Ihe investments has
been sufficient for the charity to maintain its desired level of grant making.
Details of the Charity's activities can be found on www.skeltoncharily.com.

SKELTON BOUNTY
TRUSTEES, REPORT FOR THE YEAR ENDED 5TH APRIL 2023
FINANCIAL REVIEW
Investment income of £119,265 (2022.. £112,140) was received during the year. This enabled grants
of £99,999 (2022.. £99,068) to be made to charities. At 3151 March 2023 capital investments were
valued at £3,031.089 (2022.. £3,192,032).
Reserves Policy:
The policy of Ihe Trustees is to hold free reserves of approximately one year's income to protect the
Bounty's ability to continue to make grants in the event of unexpecled reductions in income
received. In practice, this policy means that the whole of the annual income generated each year,
apart from adminislralion costs, is available for distribution in grants in the following year. Any
undistributed surpluses are carried forward for use in future years.
At the year end the charity held total funds of £3,198,704 of which £3,031,089 {2022: £3,353,048 of
which £3,192,032} are held as permanent endowment funds,. the balance held as unreslricted funds
and regarded as free reserves was £167,615 (2022.. £161,016). The current year's income was
£119,265 {2022', £112,140) which is lower than the level of reserves actually held due to timing
differences of payrnents being rnade.
Investment Policy and Powers:
The investment policy adopted is in accordance with the schedule to the Scheme for the regulalion
of The Skelton Bounty made in 1991. The policy is lo generale income for the making of grants,
while maintaining capital growth to protect the value of the investments in real terms.
Historically, our investment approach has been generally UK focused with a relatively narrow asset
allocation. Investment opportunities have become much more global in recent years, and we took
the decision to appoint an independent company to carry out a review of our exisling investmenls to
help ensure we can continue to provide a sustainable level of grants in future years. This review has
now been completed and, based on the recommendations provided, we have broadened our
investmenl portfolio to take advantage of the wider investment universe.
Risk Management:
The main risks to which the charity is exposed, as identified by the Trustees, have been considered
and systems have been established to mitigate those risks. A detailed process is undertaken by
LCVS as the grants administrator to validate applicants and applications for grants.
Plans for the Future
The objectives of the charity remain unchanged for the future,. the intention is to continue to steward
the charity's investment assets with the aid of professional fund managers and to continue to use
the investment income to assist charities working in the area of benefit. Currently the areas are
Lancashire, Greatei Manchester, and Merseyside including the unitary areas of Blackburn,
Blackpool, Halton, and Warringlon.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisation, Management and Delegation..
The Trustees meet annually to review the charity's stralegy and performance, consider applications
for grants, and monitor the charity's financial position and investmenls. The Trustees also meet at
other times during the year as necessary.

SKELTON BOUNTY
TRUSTEES, REPORT FOR THE YEAR ENDED 5TH APRIL 2023
The Trustees have delegated the day-to-day administration of grant-making, including receiving and
making preliminary assessments of applications, to LCVS which is also responsible in the first
instance for maintaining the charity's financial records.
Recruitment and Appointment of New Trustees:
New Iruslees are selected by the existing Board of Trustees, on the basis of skills and experience
and to ensure that as a group the Trustees are knowledgeable about the whole of the Bounly's
geographical area of benefit. The Board is also responsible for the induction and training of the new
trustees. New trustees are appointed, by a resolution of the Trustees passed at a special meeting of
which not less than 21 days, notice has been given, for a term of five years,. a trustee reaching the
end of herlhis first term can be re-appointed but no trustee can serve more than two consecutive
terms.
REFERENCE AND ADMINISTRATIVE DETAILS
Skelton Bounty is a registered charity, number 219370, established under a Scheme of the Charity
Commission sealed on 7th March 1991 and amended administratively by an Order of the Charity
Commission dated 6th February 2004. The Scheme was updated on 11th July 2018. The 1991
Scherne was made lo unite three separate charities, The Charity of Joseph Skelton founded by Will
proved on 13th August 1915, The Charity of Charles Jones Skelton founded by Will proved on 1$1
February 1927 and The Charity of Ann Skelton founded by Will proved on 22nd June 1931.
The charity uses the working name The Skelton Charity.
Principal Office..
151 Dale Street, Liverpool L2 2AH
Trustees:
The Trustees during the year and up to and including the date of this report were..
Mr R. E Hough CBE, DL (retired 30th March 2023)
Sir Mark Hedley DL (retired 30th March 2023)
Mrs E. Conn OBE, JP, DL
Mrs G. S Stanley MBE, JP, DL
Mrs S. Lomas OBE, DL
Mr C. Hankinson DL
Mrs N. Chaudhry
Mrs C. Reeves
Mr G. Singh MBE, DL
Mr M. Rollinson (appoinled 6th July 2023}
Mr R.K Martin (appointed 6th July 2023}
Professional Advisers:
Bankers
Natwest PLC
130 Lord Street,
Southport PRg OAE

SKELTON BOUNTY
TRUSTEES, REPORT FOR THE YEAR ENDED 6TH APRIL 2023
Independent Examiner
Tony Stanley ACA
BWM Chartered Accountants
Suite 5.1, 12 Tithebarn Street
Liverpool L2 2DT
Liverpool Charity and Voluntary Services (LCVS)
151 Dale Street,
Liverpool L2 2AH
Accountant &
Administrator
Trustses, Responslbllltles
The Trustees are responsible for preparing the Trustees, Report and the accounts in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare accounts for
each financial year which give a true and fair view of the state of affairs of the charily and of the
incoming resources and application of reSoUr￿S of the charity for that year.
In preparing these accounts, the Trustees are required to:
select suitable accounting policies and then apply them consistently.,
obseNe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the accounts., and
prepare the accounts on the going con￿rn basis unless 6t Is Inappropriate to presume that
the charity will continue in operation.
The Trustees are responslble for keeping sufficlent accounting records that dlsclose with
reasonable accuracy at any time the financial position of the charity and enable th6m to
ensure that the accounts comply with the Charities Act 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 rea80nable steps for the
prevention and detection of fraud and other irregularities.
Approved on 6th July 2023 by the Trustee8 and signed on their behalf by
Trustè8
Trustoo
Dated:

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
SKELTON BOUNTY
I report to the Trustees on my examination ofthe accounts of Skelton Bounty for Ihe year ended 5th
April 2023.
This report is made solely to the charity's trustees, as a body, in accordance with Section 145 of the
Charities Act 2011. My examination has been undertaken so that I might state to the charity's
trustees those matters l am required to slate to Ihem in an Independent Examiner's ieport and for
no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to
anyone other than the charity and the charity's trustees as a body, for my examination, for this
report, or for Ihe opinions I have formed.
Responsibilities and basis of report
As the trustees of Skelton Bounty you are responsible for the preparation of the accounts in
accordance with the requiremenls of the Charities Act 2011 {'the Act,).
I report in respect of my examination of the Trusl's accounts as carried out under section 145 of the
2011 Act and in carrying out my examination I have followed all the applicable Directions given by
the Charity Commission under section 145(5) (bl of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect..
accounting records were nol kept in respect of the Trust as required by section 130 of the
Act., or
2. the accounts do not accord with those records., or
3. the accounts do not comply with the accounting requirements concerning Ihe form and
content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other
than any requirement that the accounts give a 'lrue and fair, view which is not a malter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection wilh the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Tony Stanley ACA
BWM
Chartered Accountanls
Suite 5.1,
12 Tithebarn Street
Liverpool L2 2DT
01

SKELTON BOUNTY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2023
Year to 5th A ril 2023
Permanent
Unrestricted Endowment
Funds
Funds
Year to
5th April 2022
Total
Notes
Total
Income and Endowments from:
Investments
119,265
119,265
112,140
Total
119,265
119,265
112,140
Expenditure on..
Raising fLJnds
Charitable activities
5,000
110,476
112,666
112,666
Total
1q2,666
112,666
115,476
Net Tncomel(expenditurel and net
movement in funds before gains
on investments
6,599
6,599
13,336)
other recognised gains
ILosses}IGains on investment assets
{160,943} (160,943)
202,902
Net movement in funds
6,599
(160,9431 1154,344)
199,566
Reconciliation of funds:
Total funds brought forward
161,016 3,192,032 3,353,048 3,153,482
Total funds Carried forward
8-10
167,615
3,031,089
3,198,704 3,353,048
The notes on pages 10 to 16 form part of these accounts.
The net movement in funds in the year was derived from the continuing aclivity of Ihe charity.
These Linaudited financial statements have been subjected lo independènt @xaminalion See rèport on page e.

SKELTON BOUNTY
TH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2023
PRIOR YEAR COMPARISON
Year to 5th A ri12022
Permanent
Unrestricted Endowment
Notes
Funds
Funds
Total
Income and Endowments from."
Investments
It2,140
712,140
Total
112,140
112,140
Expenditure on."
Raising funds
Charitable activities
5, 000
110,476
5,000
f10,476
Total
115,476
115,476
Net (expenditure)/income and net
movement in funds before gains
on investments
(3,336)
(3,336)
Other recognised gains
Gains on investment assels
202, 902
202,902
Net movement in funds
(3,336J
202,902
199,566
Reconciliation of funds..
Total funds bmughl fonvard
164,352 2,989,130
3,153,482
Total funds carried forward
161,016 3,192,032 3,353,048
The notes on pages 10 10 16 form part of these accounts.
The net movement in funds in the year was derived frDm Ihe continuing activity of (he charity.
These unaiidiled financial statements have been subjected lo independelll examination. See report on page 6.

SKELTON BOUNTY
BALANCE SHEET AS AT 5TH APRIL 2023
At
5th April 2023
At
5th April 2022
Note5
Fixed assets."
Fixed asset investments
3,031,089
3,192,032
Total fixed assots
3,031,089
3,192,032
Current assets..
Debtors
Cash balance
11,775
168,902
12,592
159,943
Total current assets
180,677
172,535
Liabilities..
Creditors falling due within one year
{13,062)
{11,519)
Net current assets
167,615
161,016
Net Assets
3,198,704
3,353,048
The funds of the charity..
Permanent Endowment Funds
Unreslricted Funds
8,10
9,10
3,031,089
167,615
3,192,032
161,016
3,198,704
3,353,048
Approved and authorised for issue by the Trustees and signed on their behalf by
Trustee
Trustee
Dated:.
These unaL￿dIted financial statements have been subjected lo independent examination See report on page 6.

SKELTON BOUNTY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2023
ACCOUNTING POLICIES
Basis of Preparation
The accounts have been prepared under the historical cost convention with items recognised at
cost or transaction value unless olheNise staled in the relevant note(sl to these accounts. The
financial slatements have been prepared in accordance with the Statement of Recommended
Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Iieland IFRS102} update bulletin
2 (effective 1 Janiiary 20191 and Charities Act 2011. The charity is a public benefit entity as defined
by FRS102.
The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to
the extent required to provide a true and fair view. This departure has involved following the
Statement of Recommended Practice for charities applying FRS 102 ratlier than the version of the
Statement of Recommended Practice which is referred to in the Regulations but which has since
been withdrawn.
The accounts are prepared in slerling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to Ihe nearest £.
The Charity has taken advantage of the provisions in the SORP for Chartlies applying FRS 102
Update Bulletin 1 not to prepare a Statement of Cash Flows.
Going concern
The Trustees have prepared financial projections and are satisfied that the charity can continue as a
going concern for at least 12 months from the date of approval of these accounts. At the time of
approving the accounts, the trustees have a reasonable expectation Ihat the charity has adequate
resources to continue in operational existence for the foreseeable future. Thus the trustees continue
to adopt the going con￿rn basis of accounting in preparing the accounts.
Fund AcGounting
Permanent Endowment funds are intended to be held in perpetuity. They may be invested. and the
income arising from them made available for the Trustees to apply at their discretion in accordance
with the charity's objectives.
Unrestricted funds are the charity's free reserves available for the Trustees to distribute in
accordance with the charity's charilable objectives.
Investn7ents
In accordance with Statement of Recommended Practice.. Accounting and Reporting by Charities,
charity-specific and lisled investments held as fixed assets are stated at market value on a date
closest to the accounting period end, in particu5ar, 31st March 2023, the trustees do not consider the
value to have changed materially at the year end. Realised and unrealised gains and losses,
including the gains and losses on investments held within the charity-specific funds, are dealt with
as movements on the Permanent Endowment Fund. Investments are valued at the mid-market price
on the valuation date.
Income recognition
Investment income is stated on an accruals basis.
These iiiiaudilecl financial statements have heen SLibjecled lo independent examination. See report on page 6.
iu

SKELTON BOUNTY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2023
Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, il is probable that settlement will be required and
the amount of the obligation can be measured reliably.
All expenditure is ac¢ounted for on an accruals basis. All expenses, including support costs and
governance costs, where applicable, are allocated or apportioned between activities depending on
the estimaled proportion of time attributable to each activity. Support and governance cosls are
applied lo unrestricted funds unless specifically included in the restrictions, as specified by the
donor.
Raising funds relates lo expenditure on the management of the investments. Charitable activities
includes granl funding, along with associated support costs, to beneficiaries. These are dealt with in
the Stalernenl of Financial Activities when payment has been approved by the charily. Governance
costs relate to compliance with constitutional and statutory requirements and specifically include all
costs incurred by the charity in producing the Annual Report.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-term
liquid investments with original maturities of three months or less, and bank overdrafls.
Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and
Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of ils financial instruments.
Financial instruments are recognised in Ihe charity's balance sheet when the charity becomes party
to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial
stalemenls, when there is a legally enforceable right to set off the recognised amounts and there is
an intention to settle on a net basis or lo realise the asset and settle Ihe liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using
the effeclive interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of
interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction
price unless the arrangement constitules a financing transaction, wheie the debt instrument is
measured at the present value of the future receipts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised. Debt instruments are
subsequently carried at amortised cost, using the effective interest rale method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are
discharged or cancelled.
These unaudited linaiicial statements have been subjected lo independènt examination. See report on page 6.
li

SKELTON BOUNTY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2023
Taxation
The charity benefits from various exemplions from taxation afforded by tax legislation and is nol
liable to corporation tax on income or gains falling within those exemptions. The charity is not able
to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT.
CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
In the application of Ihe charity's accounting policies, Ihe Irustees are required lo make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The eslimales and associated assumptions are based on historical
experience and other factors that are Considered to be relevant. Actual results may differ ITOM these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only that period, or in Ihe period of the revision and future periods where the
revision affects both current and future periods.
CHARITABLE ACTIVITIES
Unrestricted
2023
Unrestricted
2022
Direct charitable expenditure..
Grant funding
Grant making administration
99,999
8,059
99,068
7,158
108,058
106,226
Support and governance costs..
Website development
Trustee meeting
Accountancy
Independent examination
540
145
2,303
1,620
612
129
2,045
1,464
4,608
4,250
112,666
110,476
'these unaudited financial slalemenls have been subjected to independent exarnina11on. See report on page 6.
12

SKELTON BOUNTY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TFI APRIL 2023
During the year the following grants of £1,000 and over were made to charities:
Active Hope Ltd
ADHD Foundation Neurodiversily Charity
Age UK Blackburn with DaNen
Age UK Wigan Borough
Angels of Hope for Women
Autistic Society Greater Manchester Area
Blesma, The Limbless Veterans
Bold Rangers Junior Football Club
Bolton Deaf Society
Bridge2
Catholic Blind Institule
Christians Against Poverty South Liveipool
Clair's Parenls Meeting Parents ADHD Support Group
Deeplish Community Centre Association
Dr Kershaw's Hospi
East Lancashire Scouts
EMERGE 3RS
EMMAUS South Manchester
Fighting With Pride
Fishwick Rangers Youth & Community Development Scheme
HH CoTnmunity Business Salford
Homeless Support Projecl
Knowsley Foodbank
Lancashire School Sailing Association
Lindley Educational Trust (Ashton Youth Club)
Lister Sleps Ltd
Living Paintings Trusl
Merrnaids
Micah Liverpool
Mode Rehabilitation
Newton Le Willows Sea Cadets
Open 360
Perth Community Centre
Porchfield Community Association
Poullon le Fylde Guide Centre
Pure Insight 1628
Rainbow Hub NW Ltd
1,000
2,260
1,320
1,630
1,000
1,500
1,500
1,000
1,680
1,500
1,500
1,000
2,000
2,000
2,000
1,000
2,203
1,5DO
1,000
1,500
1,500
2,203
2,203
1,045
1,500
1,240
1,000
1,000
1,800
1,000
1,550
1,500
1,500
1,500
1,500
3,000
1,500
56,634
These unaudited finanoial slalemeiils h8ve been subjected lo independent examination. See report on page 6.
13

SKELTON BOUNTY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2023
Grants conlinued... .
Read for Good
Sahir House
Salford Heart Care
Shaftesbury Youth Club
Skerton Community Association
Soijth Pennine Archaeology Group
Southport Sea Cadets
st Helen's Parish Church
stanley Grange Community Association
stockport Loaves and Fishes
Summit Education Society
The Federation of Jewish Services
The Hope Foundation
The LightBeam Academy
The Lighthouse Foundation
Thè National Autistic Society
The Sandcastle Trust
The Together Centre
The Wellspring
TLC St Luke's Drop in Project
Trawden Forest Community Centre
Tuebrook Hope Group
Walthew House
Warm Hut UK
West Coast Crash Wheelchair Rugby
Whitehough Educational Cenlre
Youth Federation for Cheshire, Halton, Warrington and Vwirral
Youth Leads UK
56, 634
1,000
1,500
1,500
1,000
1,000
1,000
2,000
1,000
2,000
1,000
2,000
1,700
2,000
2,000
1,000
1,000
1,000
2,400
2,000
1.000
1,685
1,000
2,000
1,500
1,000
1,000
1,500
2,000
97,419
2,580
other grants
99,999
These unaiidiled linaii¢p81 slalements have been subjected to independent examination. See report Dn page 6.
14

SKELTON BOUNTY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2023
FIXED ASSET INVESTMENTS
2023
2022
Charity-specific Investments:
Market value at 6th April
Disposal proceeds
Acquisitions at cost
Unrealised (lossesllgains on investment assets
Realised gains on investmenl assets
3,192,032
(1,404,668)
1,404,668
(55,817)
(105,1261
2,989,130
202,902
Market value at 5th April
3,031,089
3,192,032
Historic cost at 5th April
1,918,890
939,705
The Charity holds 46.6 % of its fixed asset investments in the Charity Multi Asset Fund managed by
M&G Investments, Charities Division on behalf of M&G Securities Limited.
Al 51h April 2023, the charity held 1,581,402 units of Charity Multi Asset with a price of 89.32 pence
per unit.
The remaining 53.4 % of the charity's fixed asset investments are held in COIF Charities
Investment Fund, a constituent fund of COIF Charity Funds which are managed by CCLA
Investment Management Limited and registered with the Charity Commission.
At 51h April 2023, the charity held 86,386 units of COIF Charities Investment Fund with a price of
1,873.66 pence per unit12022'. 86,386 units with a price of 1,947.35 pence per unit).
In 2022, the charity held 101,409 units of COIF Charities Fixed Inteiest Fund, with a price of
125.17 pence per unil, these units were disposed of during the year.
At 51h April 2022 the charity held 79,269 units of Charifund with a price of 1,579.71 pen￿ per unit
and 110,680 units of Charibond with a price of 118.03 pence per unit, these units were disposed of
during the year.
DEBTORS
2023
2022
Accrued income
£11,775
£12,592
CREDITORS
2023
2022
Administration
Independent examination fee
10,362
2,700
9,203
2,316
13,062
11,519
These unaudited financial statements have been subjeG18d lo Independent exaininalioii. See report on page 6.
15

SKELTON BOUNTY
TH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2023
FINANCIAL INSTRUMENTS
2023
2022
Carrying amount of financial assets..
Debt instruments measured al cosl
180,677
172,535
Equity instruments measured at fair value through income
and expenditure
3,031,089
3,192,032
Carrying amount of financial liabililies:
Measured at cost
13,062
11,519
PERMANENT ENDOWMENT FUNDS
These funds are held for the purposes of providing annual income for granl making.
UNRESTRICTED FUNDS
Investment income received to fund grant payments and cosls incurred in the administration of the
Charity.
10. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Fixed Asset
Investments
Current
Assets
Current
Liabilities
Total
Unrestricted Funds
180,677
113,0621
167,615
Permanent Endowment Funds
3,031,089
3,031,089
3,031,089
180.677
{13,0621
3,q98,704
RELATED PARTIES
No trustee received remuneration or was reimbursed expenses during the year {2022'. None).
No olher transactions have been undertaken by or on behalf of the charity in which a Trustee or
connected person has a material interest.
These unaiidited financial statements have been 5ubjeclÈd lo independent examination. See report on page 6.
16

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