DoGusgn Enwdope ID.. 2B1B3BOA.21094634-AD1D-90A355B6DA94
SKELTON BOUNTY
UNAUDITED ANNUAL REPORT
& FINANCIAL STATEMENTS
FOR THE YEAR ENDED
5TH APRIL 2024
CHARITY NUMBER- 219370

DoGusgn Enwdope ID.. 2B1B3BOA.21094634-AD1D-90A355B6DA94
SKELTON BOUNTY
TRUSTEES, REPORT FOR THE YEAR ENDED 5TH APRIL 2024
The Trustees present their annual report and financial statements of the charity for the year
ended 5th April 2024.
The financial statements have been prepared in accordance with the accounting policies set
out in note 1 to Ihe financial statements and comply with the charity's trust deed, the Charities
Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practi
applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2019).
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, Blackpool, 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 £500 to a maximum of £5,000 (2023:
maximum £5,000). Factors 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 track record of successfully delivering its objectives.
Trustees are inclined to favour applications for equipment, small specific capital projects
and contributions towards overhead costs.
Public Benefit
In planning the charity's grant making activities the Trustees have given consideration to the
Charity Commission's guidance 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 81 {2023: 69) charities ranging from £562 to £2,662 (2023: £460 to
£3,000).
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 the
investments has been sufficient for the charity lo maintain its desired level of granl making.
Details of the Charity's activities can be found on www.skeltoncharity.com.
FINANCIAL REVIEW
Investment income of£104,685 (2023.. £119,265) was received during the year. This enabled
grants of £99,453 (2023.. £99,999) to be made to charities. At 31st March 2024 capital
investments were valued at £3,202,744{2023: £3,031,089}.

DoGusgn Enwdope ID.. 2B1B3BOA.21094634-AD1D-90A355B6DA94
SKELTON BOUNTY
TRUSTEES, REPORT FOR THE YEAR ENDED 5TH APRIL 2024
Reserves Policy
The policy of the 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 unexpected reductions
in income received. In practice, this policy means that the whole of the annual income
generated each year, apart from administration costs, is available for distribution in grants in
the following year. Any undistributed surpluses are carried fO￿ard for use in future years.
At the year end the charity held total funds of £3,361,637 of which £3.202.744 (2023:
£3,198,704 of which £3,031,089) are held as income funds., the balance held as unrestricted
funds and regarded as free reserves was £158,893 {2023: £167,615). The current year's
income was £104,685 {2023: £119,265} which is lower than the level of reserves actually
held due to timing differences of payments being made.
Investment Policy and Powers
The investment policy adopted is in accordance with the schedule to the Scheme for the
regulation of The Skelton Bounty made in 1991. The policy is to generate 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 recenl years.
and we took the decision to appoint an independent company to cary out a review of our
existing investments 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 investment portfolio lo 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, Greater Manchester, and Merseyside including the
unitary areas of Blackburn, Blackpool, Halton, and Warrington.
Structure, Govemance and Management
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.

DoGusgn Enwdope ID.. 2B1B3BOA.21094634-AD1D-90A355B6DA94
SKELTON BOUNTY
TRUSTEES, REPORT FOR THE YEAR ENDED 5TH APRIL 2024
The 1991 Scheme was made to 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 Sl 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.
Organisation, Management and Delegation:
The Trustees meet annually to review the charity's strategy and performance, consider
applications for grants, and monitor the charity's financial position and investments. The
Trustees also meet at other times during the year as necessary.
The Trustees have delegaled the day-t(Iday 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 trustees 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 Bounty'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
Name
Skelton Bounty
219370
Charity number
Principal Office
LCVS
151 Dale Street
Liverpool
L2 2AH
Trustees
During the year under review, the trustees were as follow
N Chaudhry
E Conn OBE JP DL
C Hankinson DL
S Lomas OBE DL (Chair)
R K Marlin
C Reeves
M Rollinson JP DL
G Singh MBE DL
G S Stanley MBE JP DL
LCVS
151 Dale Street
Liverpool. L2 2AH
(Appointed 6th July 2023)
(Appointed 6th July 2023)
Accountants

DOC￿J￿ Envd(w ID." 2B1B3BOA.21094634.AD1tkgDA355BBDA94
SKELTON BOUNTY
TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2024
TH
Accountant &
Admlnlstrator
LCVS
151 Dale Street
Liverpool
L2 2AH
Independent Examlner
Tony Stanley ACA
Mitchell Charlesworth
Suite C,t),E & F
100 Old Hall Street
Liverpool
L3 9QL
TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charity Irustees are responsible for preparing a trustees, annual report and financial
Statements in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice). The law appli&?ble to charities
in England and Wales requires the charity trustees to prepare financial statements for each
year which give a true and fair view of the state of affairs of the charily and of the incoming
resources and application of resources, of the charity for that period. In preparing the financial
statemenls. the trustees are required lo..
select suitable accounting policies and then apply them consistently..
observe the methods and principles in the applicable Charities SORP:
• make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed. subject to any material
departures that must be disclosed and explained in the financial statements-
prepare the financial statements on the going concem basis unless It is inappropriate to
presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy al any time the financial position of the charity and to enable them to
ensure that the financial statements comply with the Charities Act 2011, the applicable
Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They
are also responsible for safeguarding the assets of the charity and taking reasonable steps
for the prevention and detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf by
S Lomas Trustee
C Reeves Trustee
27/0112025
Date..............................
21/01/202 5
Dato..............................

DoGusgn Enwdope ID.. 2B1B3BOA.21094634-AD1D-90A355B6DA94
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
SKELTON BOUNTY
I report to the trustees on my examination of the accounts of Skelton Bounty for the year ended
5" April 2024.
This report is made solely to the charity's trustees, as a body, in accordan￿ 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 state to them in an Independent Examiner's report 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 the opinions I have formed.
Responsibilities and basis of report
As the charily Irustees you are responsible forthe preparation ofthe accounts in accordance with
the requirements of the Charities Act 2011 (the Acti.
I report in respect of my examination of the charity'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)Ib) of the Act.
Independent examiner's statement
Your attention is drawn to the fact that the charily has prepared acix)unts in accordance with
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial
Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102} in preference to the
Accounting and Reporting by Charities- Statement of Recommended Practice issued on 1 April
2005 which is referred to in the extant regulations but has now been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in
accordance with Generally Accepted Accounting Practice effective for reporting periods
beginning on or after 1 January 2015.
I have completed my examination. I can confimi 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 not kept in respect of the charity 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 applicable requirements conceming the fomi and
content of accounts set out in the Charities (Accounts and Reports) Regulations 2008
other than any requirement that the accounts give a 'true and fair, view which is not a
matter considered as part of an independent examination.
I have no concems and have come across no other matters in connection with 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
Mitchell Charlesworth
Suite C,D,E & F
100 Old Hall Street
Liverpool
L3 9QL
Dated:
2710112025

DoGusgn Enwdope ID.. 2B1B3BOA.21094634-AD1D-90A355B6DA94
SKELTON BOUNTY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2024
Unrestricted Funds
Capital
Funds
2024
Income
Funds
2024
Total
2024
Total
2023
Income from:
Investments
Notes
104,685
104,685
119,265
Total income
104,685
104,685
119,265
Expenditure on:
Charitable activities
113,407
113,407
112,666
Total expenditure
113,407
113,407
112,666
Net (expenditure)lincome
(8,722)
(8,722)
6,599
Net gainsl(loss) on
investment
171,655
171,665
(160,943)
Net movement in funds
(8,722)
171,655
162,933
(154,344)
Reconciliation of funds..
Total funds brought
forward
167,615 3,031,089 3,198,704 3,353,048
Total funds carried
forward
158,893 3,202,744 3,361,637 3,198,704
The notes on pages 9 to 17 form part of these accounts.
The net movement in the funds in the year is derived from the continuing activity of the
charity.
All of the charity's funds are unrestricted for years ended 5th April 2024 and 5th April 2023.

DOC￿J￿ Envd(w ID." 2B1B3BOA.21094634.AD1tkgDA355BBDA94
SKELTON BOUNTY
BALANCE SHEET AS AT 5 APRIL 2024
TH
*h Aprll 2024
th
5 Aprll 2023
Flxed assets
Investments
Notes
3,202.744
3,031,089
Current assets
Debtors
Bank & Cash balances
4,665
168,092
11,775
168.902
172,757
180,677
Current liabilities
Creditors
(13,864)
113,062)
Net current assets
158,893
167,615
Net assets
3.361,637
3,198,704
The funds of the charlty:
Income funds
Capital funds
158,893
3.202.744
167,615
3,031,089
3,361,637
3,198,704
Approved and authorlsed for Issue by the Trustees and slgned on thelr behalf by
6Wlbr
S Lomas Trustee
C Reeves Trustee
27101/2025
Date..............................
21/0112025
Date....................................

DoGusgn Enwdope ID.. 2B1B3BOA.21094634-AD1D-90A355B6DA94
SKELTON BOUNTY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024
1. ACCOUNTING POLICIES
Basis of Accounting
The financial statements 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
Ireland (FRS102) (SORP 2019) and the Financial Reporting Standard applicable in the
United Kingdom and Republic of Ireland (FRS102) (effective 1st January 2019) and the
Charities Act 2011.
The accounts have been prepared under the historical cost convention with items
recognised at cost or transaction value unless otherwise staled in Ihe relevant note(s) to
these accounts.
The trust constitutes a public benefit entity as defined by FRS 102.
The accounts are prepared in sterling. which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The Charity has taken advantage of the provisions in the SORP for Charities applying FRS
102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Going concern
At the time of approving the accounts, the trustee has reasonable expectalion that the
charity has adequate reserves to continue in operational existence for the foreseeable
future. Thus the trustee continues to adopt the going con￿rn basis of accounting in
preparing the accounts.
Investments
Investments held as fixed assets, in accordance with SORP 2015, are stated and included
in the balance sheet at their market value at the year end or at the valuation date nearest
to the year end. UK listed securities and foreign securities quoted on a recognised stock
exchange are stated at market values ruling at the year end. Investments denominated in
foreign currencies are translated using the sterling rate of exchange ruling at the year end.
Unit Trust and managed fund investments are stated at the average of the bid and offer
prices quoted by the Trust's managers nearest to the year end.
The Statement of Financial Activities includes unrealised gains and losses arising from the
revaluation of the investment portfolio. The trustees consider that the cash held as parl of
the portfolio to be cash at bank, and it is included in the balances at bank.
Fund accounting
Restricted funds are subject to specific restrictive conditions imposed by the donor. All
restricted funds are accounted for as restricted income and expenditure for the purposes
is charged to the fund.
Unrestricted funds are considered 'free' reserves and are available for use or retention at
the discretion of the Trustees, in accordance with the charity's objectives. Free reserves
are undesignated funds available forthe furtherance ofthe general objectives ofthe charity.

DoGusgn Enwdope ID.. 2B1B3BOA.21094634-AD1D-90A355B6DA94
SKELTON BOUNTY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024
Income recognition
Income from investments comprises dividend income and interest and are recognised
when the amount is certain.
Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive
obligation committing the charity to that expenditure, it is probable that settlement will be
required, and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accrual basis. All expenses, including support and
governance costs, are allocated or apportioned to the applicable expenditure headings in
the statement of financial aclivities.
Raising funds costs relate to expenses incurred in the management of the investment
assets. Charitable activities include grant funding, along with associated support costs, to
beneficiaries. These are dealt with in the Statement of Financial Activities when payment
has been approved by the charity. Governance costs relate to compliance with
constitutional and statutory requirements and specifically include all costs incurred by the
charity in producing the Annual Report.
Charitable activities include grant funding, along with associated support costs, to
beneficiaries. These are dealt with in the Statement of Financial Activities when payment
has been approved by the charity. 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 at call with banks, other
short-term liquid inveslments with original maturities of three months or less, and bank
overdrafts.
Financial instruments
The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments,
and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial
instruments.
Financial instruments are recognised in the 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
statements, 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 to realise the asset and settle the liability
simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially
measured at transaction price including transaction cosls and are subsequenlly carried at
amortised cost using the effective 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.
io

DoGusgn Enwdope ID.. 2B1B3BOA.21094634-AD1D-90A355B6DA94
SKELTON BOUNTY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024
Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction pri
unless the arrangement constitutes a financing transaction, where 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
rate method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or
are discharged or cancelled.
Taxation
The charity benefits from various exemptions from taxation afforded by tax legislation and
is not 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 the charity's accounting policies, the trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities
that are not readily apparent from other sources. The estimates and associated
assumptions are based on historical experience and other factors that are considered to
be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going 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 the period of the revision and future periods where
the revision affects both current and future periods.
2. Income and endowments from:
Unrestricted Unrestricted
Total
Total
Funds
Funds Unrestricted Unrestricted
2024
2024
2024
2023
Income
Capital
Investments
Investments dividends and
interest
Bank interest
101.628
101.628
118,085
3,057
3,057
1,180
104,685
104,685
119,265
li

DoGusgn Enwdope ID.. 2B1B3BOA.21094634-AD1D-90A355B6DA94
SKELTON BOUNTY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024
3. Expenditure on charitable activities:
a. Analysed as follows:
2024
2023
Unrestricted Unrestricted
Funds
Funds
Direct charitable expenditure..
Grant funding
Grant making administration costs
LCVS
99,453
99,999
8.777
8,059
108,230
108,058
2024
2023
Support & Governance GOSts.'
Website development
Trustees meeting
Accountancy
Independent examination
660
150
2,507
1,860
540
145
2,303
1,620
5,177
4,608
Total expenditure on charitsble
activities
113,407
112,666
12

DoGusgn Enwdope ID.. 2B1B3BOA.21094634-AD1D-90A355B6DA94
SKELTON BOUNTY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024
The following grants were made during the year:
Grants to organisations of £1,000 and over
1st Thornton Cleveleys Scout Group
Age UK Lancashire
Aiming Higher
Al-Ghazali Multicultural Centre
Arts 2 Heal
Autism Together
Autism Ventures
Basic (Brain and Spinal Injury
Bluecoat
Bobby Colleran Trust
Bolton Toy Library
Brain Charity
Brunswick Youth And Community
Bury Hospice
Bury Society For Blind And Partially Sighted People
Channel South (Channel Area J F
Chelwood Foodbank Plus
Children Today Charitable Trust
Croxteth & Gillmoss Community
Daisy Inclusive UK
Dialogue Society
Dig In
Douglas Bader Foundation
Fazakerley Parish
Friends Of Conway Park
Friends Of Everton Park
Girlguiding Greater Manchester
Go Kids Go
Home-start Central Lancashire
Imagine If Trust
Iranian Liverpool Community
Kfca
Life Youth Hub
Liverpool Somali Community
Making Space
Manchester Ymca
Marine In The Community
Mencap Liverpool & Sefton
Merseyside Lowland Search
Mhist
Nephra Good Neighbours
1,500
1,212
1,463
1,613
1,563
1,563
1,063
1,563
1,063
1,563
1,063
1,563
2,663
1,563
1,063
2,163
1,063
1,063
1,063
1,563
1,313
1,313
1,000
1,563
1,063
1,063
1,063
1,100
1,563
1,563
1,563
1,063
1,063
1,563
2,000
1,063
1,063
1,563
1,034
1,563
1,042
13

DoGusgn Enwdope ID.. 2B1B3BOA.21094634-AD1D-90A355B6DA94
SKELTON BOUNTY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024
Neuro Drop In Centre
Norris Green Youth Centre Limited
North West Can￿r Research
Opening Doors Project
Pagoda Arts
Pcc St Matlhew & St James Church
Positivitree
Rainbow Youth & Community Trust
React
Ribble Rivers Trust
Sefton North District Scouts
Sliding Doors
South Central Community Transport
Sparks Of Success
St Cyril's Community & Young People
Stick 'N' Step
Switch180 Charity
Walton Youth and Community Project
Women's Health ISC
Woodlands Hospice Charitable T
Yellow House
Young Star Mentoring
1,063
1,563
1,663
2,063
1,063
1,063
1,063
1,563
2,196
1,563
1,113
1,163
1,563
1,063
1,373
1,537
1,063
1,563
1,200
1,533
1,063
1,063
Total grants over £1,000
86,312
Other grants
13,141
Total grant funding
99,453
4. Fixed Asset Investments
2024
2023
Quoted Investments
Fair value at 6th April 2023
Disposal proceeds
Acquisitions at cost
Unrealised (losses)Igains on
investment assets
Realised (losses) on investment assets
3,031,089 3,192,032
(.) (1,404,668)
1,404,668
155,817)
(105,126)
171,655
th
Market Value at 5 April 2024
3.202,744 3,031,089
th
Book Value at 5 April 2024
1.918,890 1,918,890
14

DoGusgn Enwdope ID.. 2B1B3BOA.21094634-AD1D-90A355B6DA94
SKELTON BOUNTY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024
The Charity holds 44.9 % {2023 46.60/0} 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.
At 5th April 2024, the charity held 1,581,402 units of Charity Multi Asset with a price of
90.91 pence per unit. {2023 1,581,402 units with a price of 89.62 pence per unit)
The remaining 55.1 / (2023 53.4 % ) of Ihe charity's fixed asset investments are held in
COIF Charilies Investment Fund, a constituent fund of COIF Charity Funds which are
managed by CCLA Investment Management Limited and registered with the Charity
Commission.
At 5th April 2024, the charity held 86,386 units of COIF Charities Investment Fund with
price of 2,043.26 pence per unit (2023= 86.386 units with a price of 1,873.66 pence per
unit).
5. Debtors
2024
2023
Accrued income
4,665
11,775
4,665
11,775
6. Creditors
2024
2023
Accountsncy fee LCVS
Independent examination fee
11,284
2,580
10,362
2,700
13,864
13,062
7. Financial instruments
2024
2023
Carrying amount of financial assets:
Debt instruments measured at cost
172,758
180,677
Equity instruments measured at fair
value through income and expenditure
3,202,744
3,031,089
Carrying amount of financial
liabilities:
Measured at cost
13,864
13,062
15

DoGusgn Enwdope ID.. 2B1B3BOA.21094634-AD1D-90A355B6DA94
SKELTON BOUNTY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024
8. Analysis of Net Assets between funds
Fixed
Asset
Investments
Net
Current
Assets
Total
2024
2024
Unrestricted Funds:
Capital Fund
Income Fund
3,202,744
3,202,744
158,893
158,893
3,202,744
158,893
3,361,637
Fixed
Asset
Investments
Net
Current
Assets
Total
2023
2023
Unrestricted Funds:
Capital Fund
Income Fund
3,031,089
3,031,089
167,615
167,615
3,031,089
167,615
3,198,704
9. Unrestricted Funds
Reserves
at
beginning
of year
Net
Net
Reserves
{expenditure) (losses)Igains at year end
lincome on investment
assets
2024
Capital Fund
Income Fund
3,031,089
167,615
171.655
3,202,744
158,893
(8,722)
3,198.704
{8,722)
171,655
3,361,637
Reserves
at
beginning
of year
Net
Net
Reserves
(expenditure) (losses)Igains at year end
lincome on investment
assets
2023
Capital Fund
Income Fund
3,192,032
161,016
(160,943)
3,031,089
167,615
6,599
3,353,048
6,599
(160,943)
3,198,704
16

DoGusgn Enwdope ID.. 2B1B3BOA.21094634-AD1D-90A355B6DA94
SKELTON BOUNTY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024
Capital Fund.. These funds are held for the purposes of providing annual income for grant
making.
Income Fund.. Investment income received to fund grant payments and costs incurred in
the administration of the Charity.
There were no restricted funds received during the year or held at the year end (2023:
None)
10. Related Party Transactions
No trustee received remuneration or was reimbursed expenses during the year {2023=
None).
No other transactions have been undertaken by or on behalf of the charity in which a
Trustee or connected person has a material interest.
17