Rtr.. c[A￿￿833
THE CHARLES SKEY CHARITABLE TRUST
REPORT AND FINANCIAL STATEMENTS
RFGI.YTERED CjIAR￿NUmBER.. 377097
for the year ended 5th Aprll 2024
IJJdlowTnJsÈ C(w￿y(LOz￿iI Limi*d
I Sollth&rnptoJi sii¢e¢
don
WC2R OLR

THE CHARLES SKEY CHARITABLE TRUST
CONTENTS
PAge
Tru8tee8' Atuwal Report
Report of the Ind¢F*Thl¢nt Audrton
Stat¢ment of Finoticial Activities
Balance Shcet
Cath Flow StsteTnent
Notes to the FiDaDci81 Statements
10- 15

THE CHARLES SKEY CHARLTABLE TRUST
TRUSTEESI ANNUAL REPORT
FOR THE YEAR ENDED 5th APRIL 2024
Reference *nd #dthlthkttatlve laform*do
Founder
arlo4 Henry Alall Skey {died 7th July 20121
Dates of Deeds
Trust Deed- 4th April 1979
DEed of AppoiDtment- 10th Mllrth 1987
D¢ed of AppointsneTlt- 6th May 1997
De￿ of Appointment- 8th November 2000
Decd of Appoin¢m¢n¢- 7th November 2006
De￿ of Appointment- 30th O¢tob¢r 2010
Tnwt¢e8
ChriBtophcr Bry￿ Berkeley
Jobn Matyn Leggett
Reverend James Henry Aufr¢re Le88ett
D&vid Bryan Berkeley
Edward Jam¢s Berkeley
The power lo r¢move and lo appoint i ts¢w or addiliondl Tn￿let$ 15 vr$*d ill the Trusteel.
The objec18 orth¢ Trust is to $upport or pron￿￿ su¢h ¢haritabl¢ purposc5 As thc Trn￿te
may in their abgolute di5rrrliOll determine.
Natyjre of Trust
A re8iStered ehrity, rcgis¢¢red with the Charity Commissioners for England and Wa]¢$ a
number 277697.
Resis￿red Offic¢
Ludlow Trust Con¥>any Limited
Towcr Wh￿f
Che¢5¢ L4ne
Bris101
BS2 IJJJ
liylwLd¢ni Auditor
Moore Klttgstort Smith LLP
9 Appold Stre¢t
Lonthjn. EC2A 2AP
Inv¢smient MAn&8er8
InYest¢c Wealth & lnVesm￿nt Ltd
30 Gresham Street
Lorthn. EC2V 7QN
B#nkers
C. Hoa￿ & Co.
37 Fleet Street
EC4P 4DQ
Adrnini$trators
Ludlow TnLSt Company (London) LiiNit¢d
8th Floor, I Souihampton Street
London
WC2R OLR
Solicitors
Russell-cooke LLP
2 Pulney Hill
Lotmlon. SW15 6AB

THE CHARLLS S￿y CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT{CONTINUEDI
FOR THE YEAR ENDED 5th APRIL 1014
Rtportof the Thiyteu for ttse ytrtr tndtd Sth Aprfl 2024.
The Tru$k¢s pr¢Fcnt theirTA)orl along with th¢ fujancial statemonts ofthe chatity forth¢ y¢4rendcd 5th April 2024. The
finaTKiai statements hov¢ be¢n prepgr¢d in uccordanor with th¢ accouating ry)li¢ie5 $cI out pag¢5 10 and I l and ¢omplyMth
Lhe charitys Ttust Deed, th¢ Charilies Act 2011 a[￿ the r¢quir¢ments of the Sts*nJBlll of R¢¢ommended Practice 4)pli¢tble 10
charities piepuring th¢iT accounts in accordance with tbe Financial Reportin8 Standtrd applicable in the UK Republic of
Jre]aDd including Vpdatc Bulleiin 2.
The Trusi Deed dirEcls Ehal the capital (expendable endowmEnll and incon* of the Fund bc Appli¢d to or for the benefit of
s￿￿ charitoble (r￿ltI, institytions orpuTpose8 ￿ the Tru&lEes think fil.
d Atiivi
Th¢ Trusle¢$ support causes oh In basi5, irre8ularly and on a onc off ba518. Fortho8c ¢harilie5 receivin¥ annual
donation4 lh¢ amount 10 bE ¥ivrn is rcviewed an￿ If appropriiit. award￿ •nnually. For those rtteivin¥ petiodic donalioTr5,
thc Trn5te¢5 Ire the jud8e of when & furth¢r grani should be made. For one off donHitons, the TTu51ers cxthirtc thi r¢qu¢y
which have bc¢n reccivtd and have &ol< wihority a510 which to suppurt. In gcnrral, th¢ Trnsl supports Ihosc c4US¢s wh¢
the 8rAnt i5 n￿ningfUl ts the rrfipi¢nl.
Th¢ TNst undertakes no fvndrni$in8 a¢llvitie8.' ther¢ is no involvement of third pwty fundrai5crs End Iher¢fore no conylaints
wer¢ rc¢ei¥ed in the yetr re8llTdin8 fllndrnising prartices. All incom¢ ij denved ftom the Tnjst'g endowmcnl.
The annual in¢omc from Ihc Charithbl¢ Trust and ils capLi#I are used from lim¢ lo timc to cover the attttual chuit4bl¢
and ¢xp4n5e8. The Tnjstees med ¥¥v¢ral linws ejch ￿ar ￿ d￿lde what ￿liS they wish to m#ke, in o¢e0rd￿r• with th
objectives and ￿livI1]eS polL¢y set out Ebovl.
Ai required bythc Chariiie$ Aci 2011. the TnJyte¢¥ hav¢ referred to the Ch8rrity CommiJsioft¥ 8enernl guidAncc on Pllbllo
benefit whcn formulatin8 the yini making policy. In particular, the TN*iees conyider how ¥Tlln￿ cin be made to th)sur¢
mAximum bcnefiE flows through 10 the intended uliimar¢ b¢n¢fI¢iBri¢8. The 8r8ntq benefil o number of publi¢ causes. as
d¢thiled in note 3. In sh&pin8 thcir4Jbje¢lives for Ihc and planning their a¢iivities. the TnL&tc¢i have con8id¢red the
Ch4rityCommissiofi'8 guidan¢¢ ￿UbliC benefii.. nJnninB * ¢hthty IPBZI..
Th¢ i¢iiviiic% of the Trust remoin sRtlsfactory and Ihe objects of Ihc Trusl w¢re achieved durittB the )¢&r. All th¢ fund5
of th¢ Trust are considered lo fottnpart of on¢ Unresiricied frund. which MDY bo ￿5¢d for the general furtherance ofthi
Tn]$l'y obj¢cts. The TTU8tets are 88ti#fi￿ that the Trust% 88Bets are avalloble and idequate ￿ fvifil Ihe oblis8tion$ of
the TnL8t.
To￿1 uDrc5trJcted income during th¢ yc&r arnounled lo £427,78912023.. £512,543). Totsl U￿￿trIcted ¢ipend¢iure, includin
anL8. aft￿￿￿ted to £540,49812023.. £896,250). The net I￿r¢￿Se of1ots1 fvnds 4ITK>unted to £958,44312023'. redu¢iion of
£1,685,820) after taking BccounLof invcsmieni 8oitts of £1.071,15212023.. I0￿e8 of £1.302.113). Th¢ financial 5¢al¢m¢nts for
the year are out on pa8eb 7 to 15.
The Trustees have assessed th¢ mjoi tisks lo which the Charity is exposcd, in pani¢ulAr those rEl&lEd lo thc operation
and f￿anCeS of the Trusi, and are 50ti&fied ikni yysl¢m5 are in place to rnOllAge thesc m&joT riEks. The TTU$lers' CU￿ent
pDlicyon tnaking donations is to expend, broadly speaking> an amount equiv#lertl lo IheiT annual income. either in th¢ y￿r
ID quethts￿, oron avernge ovcr a pcriod of Say 3 years. However, if a radical chan￿ in n￿rket conditions, pani¢ulaTly in
r¢lation 10 equities. wcre lo affect advcTsely the expc¢ied level of incom¢, then thr Ttuslee5 may need ID reduce th¢ level of
8rnnty In the light of this risl the TTusf¢¢5 make il ¢lcaT to the Charities supported by the Tnjsi that they cannot. and do
not, offcrany guarantee 10 Ihe ¢twitie5 a5 to the making of fuiurE 8tallts. Nev¢rth¢less, th¢ Trustees keep their iDvesment
PHgt2

THE CHARLES SKEY CHARITABLE TRUST
TRusf£ES' ANP4UAL REPORT ICONTINUEDI
FOR THE YEAR ENDED Sth APRIL 2024
5trolegyundtr regular review and r¢quir¢ their ittvestmeni advis¢TS 10 4dvis¢ them if thai sty8t¢8yDo Ion8erproperly
upports, oris likely w support, Iheir doT)alions policy. Another 5iyificant risk would be A failure to CUTnply with ¥
teBulaiory requir¢TrKDi &ff£cting the Nnning of the Trust. To tnili8ate that risk, the TTuyttts instnL¢t Ludlow
CompaTJy (London) Limited lo alcrt them 10 material chanEc8 in Ihost requiTem¢nt5 and to TnDnjloT regul8rory
¢ompliRnc¢ on aTr ongoing btsi8. TheChaLnnon BJ$o adviyc5 the TEu8tr¢8 &t mcetillg Lf the Cbarity CoDvnis8ion
has issucd new 8uidon¢e which rnay rquire the Trus￿$ to th acrion.
Under thE TnLSI Deed t￿ TTU¥¢ttS mly u$¢ IkLeir absolu￿ dis￿#1190 to inV¢51 any money in Bny ￿VestM¢￿(S which
Ih¢y thirtk fit. Th¢ Trust¥ illv¢srnent NJ*nager8 have be¢n Sei & performance iarw of achievin8 the 80th per¢enlil¢ of
the ￿ncOnStra1ned fund4 as tnea5Uttd by * composi* index ba5cd 80V• on lh¢ FT Allsharc, 15% on UK Govemm¢nt
AIiAocks and on 5Yll CBsh ILIBOR). For th¢ yenT to 5th April 2024. th¢ portfolio posicd a Total RcDJrn of 9.B7V.,
¢ompared with the Benchmork reNrn of 6.41%.
Acc4>rdinB to the Charity Commission's 8uidan¢¢ updaie in their St8t¢ment ¢f Re¢omm¢nded Pr￿tiCe. Ac￿untin6
Ind RcportinB by Charili¢s' reviscd in July 2014, the TnJst'5 vxp¢ndgblc endowrncni 18 llOI C0115idgred pBrt of The
hEriWs frce res¢rv¢s. How¢vcr, this endowmenl is • con$idcr&ble sum. the capital be used al Ihe discretion
of Ihe'lru5te¢8 to fund 8nydoficii on exp¢ndilure. Il 18 Ihcrefore thc view ofthe TTu$k¢s thAI the Trust do¢6 nol n¢¢d
lo hold any &ddilional trxTrney in reserye.
The inlcnrion of the Trustees 18 to ¢onlinue with the presentovernll policywiih re84rd 10 inv¢¥tTnvnts and dOn￿lon&.
Stgltmenl ofTru•teu' Te•poNilblllt
The tnL5te•3 OT¢ T¢Spon$ible for preporing the Report of the TnJBtees and the fiD•n¢iil Jtaiements in occordpn¢¢ ￿th
8pplicable14w *nd Uttittd Kin8dom Accounti￿ SiznthTd8 (Uniied KiDgdom Gentrally Axep*d A¢¢ountinE Praclicel.
Chnrily law rEquirex the 1rn8let8 lo Prepa￿ financial ststemenis for I￿h fin8n¢iil priod thai give a truo and fair view
of the stste of 8ffair8 of the charity gDd of the in¢omin8 re50urc¢s 4nd Applic￿lon of resources, including the income
And expendinjre, ofthe charity for that period. In prepuring th05¢ finEnciil gtstsmenis, the TnJsleES are requlred ￿..
elecl wi¢able llccounlin8 policiu and then Jpply them consL8*nilyi
comply with appliGable ac¢ouniin8 $18ndDTds. includlng Fils 102, wb)￿1 tu any material dep￿ur¢S
diwlosed and explAined in finHnciil 51alcrnent$;
bEllte whether a Statemeni of R¢¢orruncnded Pr8ciice ISORPI applies and has been followcd, subject to
any mllieriol depamjru which are explained in thc financial stsiemertts..
rrtakc jUdg￿llen￿ and uliiD&I¢8 that tea80nable aDd prudcnt..
prepir¢ the firwicial 8tat¢ments on 8 80in8 ¢on¢crn b¥)5 vnless It ii inappToprial¢ to pKsumt that the
ctrLarily will ¢OLEinuo in bts$ille85.
The Trnslets are rewnsible for keeping prop￿ a¢￿￿nting T¢￿rdS which disclose with reast>nable 8¢¢uracy g18ny
litnE Ihc financial position of the Eharityand 10 enable them to ensure Ihttt Ihe fin8nci81 slat¢ll*n15 ￿mplY with the
Cbarities A￿ 2011.
They are ¥lso resp0Tr5ible for saf¢8uardin8 Ihc •s%ts of tlLC charity and hence for taking re￿nable steps for the
Prevcntion d¢tection of fraud and other iTre8uiJritlq5.
Approv¢d bythe Trustee& on..
and 5igncd on their bEhaif by..
rusi¢¢
stee
P4B¢ 3

INDEPENDEF4T AUDrroR'S REPORT
TO THE TRUSTEES OFTHE CHARLES SK£Y C1L4R￿ABLE TRUST
FOR THE YEAR ENDED 5th APRIL 2024
OplnloTh
We have aUdI￿d ihe fin￿￿]￿1 statements ofThe Charl¢$ Skcy Charitable Trust forthe year cnded 5th April 2024 which ¢ompri
the Statement of Financial Adiwties. the Bal4nce SheeL Cfish Flow Ststemeni and notes to th¢ fiLttn¢ial statem¢nls, in¢lud¢ng
ignificant aCCOUttlin8 policieL The financial reportill8 frAtllew￿ that h&s beets applied in their prepAr&iion is 8pplicabl¢ law
and United KingdiKnAecountillg Standard4 including FRS 102 'The FiD￿cIal Reporting St￿￿Td Applicable in the UK
and Ireland, (United Kin8dorn Generally Acceptd A¢¢oun¢in8 Praciicel.
In our opiniort the finfyncial statements..
8iv¢ a In￿ and fair view of the state ofih¢ Charity's affair8 8s 115th April 2024, and of ils incoming ￿5[￿JrrcS 4nd
ttppli¢otion of re80wces. for the year then ended..
have been prop¢rly PT¢par¢d in 8ccord&nce wilh United Kingdom Gcncrally Acccpted AecountinR PTaCticc' and
have been wepaTed in ￿￿￿rd￿nCe with the Tequiretnen15 Of tbe ch￿itieS Act 2011.
B48h for oplnk+n
W¢ rondud¢d our oudit iti a¢¢oTdancc with Intern&iionJl Swndlrds on AuditllJ8 IUKI IISAs(UKII and app12table law. Our
Ttsponsibilitiey under Ihose standardx &rr furth¢r dc5cribed in the AudilTrr's Rcspon¥ibilities for Ihe Hudit ofthe fJnHncial 41atemenls
se¢lion of our Tepffi. We are independeni of the charity Tn A¢COTdance with Ihe elhiGal T¢quiKm¢nts IhAI are relevant lo our Audit
ofihe finan¢ial ¥lat¢ments in thc UK. including thc FRC'8 Ethical SiaThd&rd. and w¢ hove fijlfilled our other ethical ￿SponSIbl]i11tS
Itt occothnce with thege requirrn¢n￿. We believe th&t ib¢ iudil cvidcncc we have obtsined 18 sufficieni and appr(yri&l¢ lo provide
a basi$ for OUT ￿IDIOn.
Conclu￿oni relAtln¥ to goln8 conttrn
In auditing thc firwnrigj statements. we httve concluded Ihot the truytee$' of th¢ 80ifbg concem ba8ii of ￿0￿￿11￿¥ in Ihe
pitpitAlion of the financial Mat¢m¢ntJ is appropriate.
Bttsed on Ihc work we have performed. ￿ have not iderttified ony rnHttrial uncertainties rcltttln8tO ¢VCDI8 or condittons th&t.
ludivid￿11Y¥t ¢ollcrtiv¢ly* may cu818i8ttLfJ¢ant doubt on itse charity's 8bilily to ¢¢)ntinue 08 a going ¢on¢¢rn for a prriod of al least
twelve monihs from when Ihv financial stalemcnis Are authuriyed for issue.
Ourre8ponsibilities ond the re8p)nyibililie5 of the trustee8 with r¢$p¢ci to Boingconcern ire d¢￿Tibed in tbe relevant settionB of this
Other thformitlo
The other infmnation ¢omprise5 the infom)ation included in the annual Tep(rt, other ihan the financial stAtsmEnlx Jnd our lluditor's
rKFrt ther¢on. The tDJslc¢s are re&wnbibl¢ for Ihe Oiher infOr[￿lion contained wiihin the ann￿1 Teport. Our opinion on the finNn¢i&l
slatemcnis d￿$ not covcr thc other infomiaiion Bnd, ¢xcep¢ w the exieni oih¢rws¢ ￿P1)cit1Y in our repoT4 w¢ do rLoI expTeBS
anyform of &55uTrnc¢ tonclusion Ihcreon.
Our TeSponsibility 15 lo re8d the oth¢r infornalion #nd. in doing so, consider whthher the other inf0m￿t10ll Is materially inconsi$t¢nl
with ihe finan¢i81 stateTnents orourknowledEe obtained in ihc ¢outK of the &udit or oihm¥ise appears tu b2 tnBl¢rially misswied, Tl
w¢ identify such ma*rial inconsistencies or apparent material mi55lal¢mcnt$. wc are requitcd to delcrniinc whether there is a maleiial
mi5slaiement in the rLnllDGj￿ STat¢ments therLselves. If, based OD Ihe work we h&v¢ pcrforncd. wc ¢on¢lude that Ihere is a rnal¢rial
misstaiemcnt of thi5 other inf0m￿li0￿. w¢ •r¢ required io report iknt fact.
We have nothing to r¢port in this regard.
Matters on wbleb we Tequlred to report by excepdon
W¢ hJve noihinB 10 report in r¢sp¢ci of Ihe following Tnatters where the Chatities Acl 2011 rcquirc5 us to Tepori to you if, in our
opinion".

INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTELS OF THE CHARLES SKEY CHARITABLE TRusf (CONTINUED)
FOR THE YEAR ENDED 51h APRIL 2024
Matten on pblcb we ir¢ requSr¢d to report by ex¢eptlon (¢ontknued)
tk infoThnatloth giwen in the T￿￿1¢¢8, Rewl is inconsistenl in 8rty material respcct with th¢ finattcial stalcments. i)T
th¢ ¢hority hag not kepi adequatc 8CCOUrtiinB records., or
¢he finanLial sthternents T￿1 in 8gre¢ment wilh the accounting ie¢oTds 2nd rebjrns. or
wc have noL received Hll the ittfortnaiitin and ¢xplaJJations we rcguir¢d for OUT audit.
Re1pon￿bIlIt￿e1 tsf the truxtt
As Explained more fijlly in the trustCCS' T¢spon%ibilitie$ slaiement sct out on p8ge 3, the t￿slee3 ttre re$￿sIble forthe prepBT&tion
of ihe finan¢iAI si8icmcnis and for bEin8 $21isfied Ihai Ihey Bivc a INe 8nd fair view, &nd foT such ini¢rnal control as the mLgtees
d¢tErrin¢ is necessary to enJbl¢ th¢ prcparalion of fIna￿la1 Bl•tcm¢Di$ that 8T¢ free fr￿ M￿￿1&1 missratemenl, whcther du¢
rtaud or error.
In preparing the fin&neiÈl Stsltmenis, the I￿ste¢S [¢5￿1$1b1e for a55eujn8 the charily'g abiliiy to continue as 8 going conttn
diyc105in81 a5 rtppli¢rtble. matters rclat¢d to goin8 concern and using lh¢ 8oinB concern bag18 of 4c¢ounting unle98 the ITusIc¢5
ciiher in￿d to liquidatc the charity or lo ceise oper￿10￿S, or havr no r¢ali8tic aliemative but to do 80.
Audltor'i Rt•POTrslblll¢les for the audlt of the flnindal g¢4¢¢ment•
We havc ken appointed 88 audiwr undcr 8e¢tion 144 of the Ch&rities Act 2011 And report ill aCCOTd￿¢e with re8ulations rrthd¢
undcr sectiatt 154 of that Act.
Our obj¢¢tiV¢4 are lo obtain reasortAbk ¥sur8ncc about wlL¢thrr the fitw)cial s¢alemcnts as a whole are free from m&l¢risl
nyg$ia*menl, wtleiher due to fraud or error. and to issu¢ an audiiur's reporl thai includ¢s our I>PiniOll. Rea50nabl¢ ￿sUranCe is
8 high level of assuran¢E. but i8 noi 8 8varanlec ikni an Audil conducicd in accord￿C with ISAS IUKI will &lwEy8 deiecl o malcri&l
mi4s¢alemenl wh¢D It rxi$is. Missi8lemetLt5 from fraud or error llnd ￿ wnsidered mllleriHI if, individually or in a8￿gate,
th¢y could r¢*8onably be expected lo infl￿￿¢¢ th¢ xonomic decision$ of us¢rs taken on the basi5 of th¢$e financial sta￿rn¢nts.
As plrt of An audit in accordanc¢ wilh ISAS IUKI we exercis¢ PTofc$sional judgement and Tn8intsin PTofeBBionol 6ceoi¢ism
throushoui the audit. We also.,
Identify and a$5¢55 the risks of material misstalernent of the financial 5tHlcment8, whether due lo fraud or error. design and
pcrfom) audit procedures res[￿s1ve to tho3¢ risk$, and obtain Hudit ¢￿dence th81 is suIfici¢nl and #ppropriaie io provid¢ 4
bH$is for our opinion. The risk of rLQt d¢l¢ctiT]8 a maleridl mi55tat¢ment resuliing from fraud is higher than for Qllc TC5uItlTh8
from ¢rror. Is fraud may involv¢ ¢ollu$ion, forKery. LTrteDtional thni88ions. mi8represcrtlation$, ￿ the oveTri¢k of int¢nLiI
c(mtrol.
Obiain an understanding of irti¢rnal control relevant to the ftudii in Order to design tsudii pr(rtedure8 Ippr￿riate in
the CiTcum5tan¢e5. bllt noi for the Purposes of expressinB an opinion th¢ ¢ffectiveness of the chRrity'S internal control.
Evaluat¢ the apprDpriRtene88 of accounting policies used and the r¢a50n8bl¢ne$s of accounting estLIn8ies and related
disclo5￿reS made by the tDJSIC¢S.
Conclude on the appropTiarenes5 of th¢ tswgtee$' use of the going ¢oncern b&8is of accountin8 and, based on thc lludit
evidence obtained, wh¢th¢r a tnaterial uncertainly u1515 rc]aied to evcn15 or condilion5 that m8y C8St 5ignifi¢ant doubt on
the chanty's ability to ¢onlinue as a going conc¢rn. If we conclude that a [1￿1¢T107 uncertainty exists, w¢ are rcquired to draw
attention in our auditor's report to thc r¢latcd di5closllres itt the financi415titements OT, ifsuch di￿10$ureS are inadequHte,
to tn(Klify our i)pinion. Our conclusi0Th5 are basd Ihc al￿1t ¢vid¢nce obtsincd up to th¢ date of Dur audilor's rcpLYt.
However. hjture events or conditL0115 tnay Cause the charityto cease to colliinue as 8 going concern.
Ev8luate the overall pr¢sentAlion. structurc and CODtent of the financial statcmcnts. iDcludinE the di8c5osures, ÈThd whether
the financial sialetnetLts repr¢5cnl Ihc underlyiThg transaction5 and Cvents in a matmer thai achi¢v¢s fair pteseniaiion.
PaKe5

tNDEFE14DENT AVDITOR'5 REPORT
TOTHE TRVSTEES OFThE CHARLE5 SKEY CHARITABLETRUSTICOP4TINUEDI
FOR THE YEARENDED Sth APIULIIJ24
Audltsr't RespondbMltl•yf•rthèAuditof ¢kn IIThAAchl•t*Ètm¢Dt•(¢ontiThutd)
W¢ ¢omrnunicat¥ with Ihosechar8ed withBovernLKernBardill& ATrMgother mutten. th¢plJnnwJ Scope andtimi￿ of the avth"I
and¥iyificontaudit fiodi*g4 incluthn8 anyli￿lfiUn¢ dcficirncics in inth&l rQntrol thjiwc id¢miifyduringourAud
Expl*DAIIDn tD Vbatoxt￿f tht •wditwM ronth•red upbLt•fd¢tEthlli Irrryularkie4 frNud
IrrewJTaritie8, )￿lUdIn￿ hud, Bf¢ in5thnce4 of non4ornpl1w￿Wilh laws and regulltiow. wcdes1￿prttedv1e& irj ljny withiwr
respoll5ibilitie& 0￿)1￿¢d abovc, lodtheei mitetial rn135L8terncms in respert Dri[￿sU￿ri11e&, includin8 ftaud. TheextEnl to whichouT
pr￿AUt£S a￿(aPAble ofdcteetin8 irrewdaritics, including frBud Is detsi1￿ ￿10￿.
The objwiivesofour lllldit th rEApecl of frllud, are.. 10 ideoUfyAJd 461css the riik& ofJw(*iAl￿5Sl8le￿¢niof the f￿￿claI stAt4ntn
duv ￿ frgu4' io DbtÈthAufffticniappropri&Le audit ov1dr￿(C regardinglhc ￿l¢s￿d riskiof rmleri￿ mi5StstetMni to fra￿1.
d¥i8rtin¥ ind irnpkmcTriin8 ttPPrtpriDtc rc5ponsfl to thoie assessed risks, 4nd to rcypr>nd &pprtytiatBly ioiD5t8nc¢sof fraud
or5usprclcd f[*L￿ idmiifiedduringtheAudiT. Howwer, the primary rqspw¥ibility foT the prevention ind dth¢ciion of frllud TNts With
b¢thYathug￿￿Illld th¢￿ eharKtsJ with w¢rnanc£ofth¢¢hrity,
OUr￿Pro1¢h w¥ ¥ followi..
Weobtsin¢dill uTh1orstAndi￿￿of IhokBolind rew2lotOry]EqviromEnis QFplic#blo to lh¢ ¢I￿lty •wJ coniiLkred th#1 the m￿1
¥i￿lfIcant ale th¢ Ch#rilitsAci 2011, Ihechoriiy SQRP, Ind UK finDnci41 tepornni$￿a￿rd5 88 iiiued by the Fing0¢111
R4￿inge0￿ftth1.
We ob￿￿Ed pnwththndiD8 ofknw th¢¢hrily¢iwllu with th￿£ Nuhmcnt&by dixuliioni wiib rnDn1￿t￿ thos2
chArAed wlih ￿CM￿n¢8.
we456¢￿¢d the of**iEriil MI￿tht￿MenI0r th¢ fill￿¢1&] st4t¢mcni4 incluthngthp nsk ofmitcrial Mi￿#1￿rnOnl due ID
fvoud and h¢w il might orcur, by hfrldtn¥diy¢uJsy>nb with rnDrwmii Ind tho¥¢ ch4rocd with 8o¥cm•nce.
We illquired ¢f thos¢¢harBo4 with lovernor￿e*l to •ttyknDwn iwthncoi ofn¢n4ompbinrciYwipethod
Y4)n-¢tthpISDncBwith ￿wI
Bolcd on this undor*tsndin& w¢ d￿•$ned s￿1(1¢ •pproprill* audit proeeduy¢s tD idcnlify in8tfin¢KX of non-eompliAMeÈ liws
I￿1 rea￿1#¢10￿1. Th15 enquiri¢$ 0fMDgrnni￿Qth0I￿ch1rgdWith 8ovemonceand ¢b￿l￿1￿8 4ddilional
corroboratsv•¢yid￿u roquired.
Trteaye IthEnT li1r￿latiOnS in theAudit pro¢tduresdeJcribed obov¢. We trc less lik¢ty tobe¢0t￿t￿W￿￿r7n3I4wes of zvJn4oDwliÈn¢¢ with
l&w$ and TeBulnlionx thtt ore notcki¥cly r¢lit¢d tocvtnts #nd trww¢tiQN¥ Tcfle¢tyl in thc finanFi41 sthi¢rn¢nts. Al8q the rijk ofnotdet¢¢tlng4
m&lEnÈl mivafolemtn¢ du¢ ir> fr4ud ￿ ￿1￿cr than th¢risk Drn￿ d¢leciin8 los￿h)n6 from t¥ror. frnud rnoy involvcdelibcrilcconccBhncni
foTcxarnpl¢, for8vry ur intvntionil nllweyttxntltlo￿$, DT¢1￿Jlh ¢oilwioTr.
ofNr r•port
Thi4 report 15 rnadc solety lo the ¢han￿5 tru*ocy. body, awordjnce wi¢h Chap￿r] of Pprt8 of the Chariiies Ac120I l. Ouruudit wue
Bs bccn undcrthken So th￿t￿mi￿¢S￿te ￿thechanry'1 tru5ttts th0￿ rnDLtcra weare rwulrtd trj 8iaie io ￿ in an aydiiorf$ r¢port and forn
othcrpurprrt. To thE tb11¢5t cxtentperrnitted by &w.w¢ do not iccep10rusllTh￿ rE5PDll8ibility tQ 4ryparty othErthDn th¢¢lwriryand charityx
InWtO￿ lli a b￿y1 foT Duf Audii vjork, for this ryQrt, or forthe roinioTh WE h*￿ fDrmLYJ.
ocrt
Qkk LLP
M•DtsKIDyloll Smlth LLP
Sé•fytory •¥dlthr
9 Awk15ttvt
Lon6on
D•te: 2511112024
MooreKth8$t¢ts knTb LLP Li t￿￿ble toarl 458uditorio tern￿ of S¢¢tion L212 8f *CothpAnithAct2006.

THE CHARLES SKEY CHARITABLE TRUST
STATEMENT OF FINANCIAL AcfivITIES
FOR THE YEAR ENDED 5th APRIL 2024
Unreitrkted Fund&
Expendable
EndDwni¢nt
Unrestricted Fund$
Exp¢ndablc
End0v￿￿￿t
Toial
Fund5
2023
Income
Fllnd
2(124
lYJ¢ome
Not¢s
Ineomt and El￿ndItU
INCOME
JnvestTnent ittcome
427,789
427,789
427.789 512.543
427.789 512.543
512.543
512,543
TOTAL INCOME
EXPENDITURE
Costs of raising funda
Investmen¢ ￿￿88¢Ment Coats
Chan'14ble activities
TOTAL EXPENDITURE
69.163
69,163
471 J35 826.579
540,498 826,579
69.671
69,671
826.579
896,250
471 J35
471 J35
69.163
69,671
NET OPERATING {EXPENDITURE)
{43W6)
169,163)
(112,7119) 1314.036)
169,671) {383,707)
OTHER RECOGNISED (LOSSESVCAINS
Reali8ed (Losses) on inve8tsnent dispo￿15
Gain51(Losges) on revaluation of invesm)¢nts
1313,619) 1313,6191
lJ84.771
1,384,771
1191.42SI 1191.425)
1,110,688) {1.110.688
NET IEXPENDITUREytNCOME
143J46)
1,001.989
958,443 1314.0361 11,371,784) 11,685.8201
OT05S traThJfer ben¥een Fundj
43J46
(43.5461
314,036
(314,036)
NET MOVEMENT IN FUNDS
958,443
958,443
11,685,820) 11,685,820)
RECONCILIATION OF FUNDS
Total fiJndB brought forward
15,018.839 15.018,839
16,704.659
16.704,659
BALANCES CARRIED FORWARD
15,977.282 15.977.282
15,1I18.839 15,018.839
All amounts relate to continuing 8¢tivitie&. All rryogniséd g8in$ and198se8 aTE included in the Statemeni of Fin8n¢ial Actsvities.

THE CHARLES SKEY CHARITABLE TRUST
BALANCE SHEET
AS AT 5th APRIL 21J24
Notsi
2024
2023
FIXED ASSETS
Investjwits
15J91,485
14.138,681
CURRENT ASSETS
Cash at Bank
FIX￿ ternj deposii
Debton
327,629
250,00
46854
624,483
359,675
soo.000
50,954
910,629
CURRENT LIABILfTIES
Cr¢ditors- falling due within one year
138.6861
30,471
IYET CURREiYT ASSETS
585.797
880.158
NET ASSETS
15,977,282
15.018,839
UNRESTRICTED FUNDS
Exp¢ndable Endownent
15,977,282
15,018.839
TOTAL UNRESTRICTED FUNDS
15.977,182
15,018,839
Approved by th¢ Trustees and authorised for i88Ue Ort..
gnd signed on their beh&lf by..
Dale
Trllslee -
TtU5tce
Pllgo 8

THE CHARLES SKEY CHARITABLE IRUST
CASH FLOW STATEMENT
FOR THE YEAR ENDED 5TH APRIL 2024
2024
2023
Not¢5
Cmh floivj from op¢rthtln8 atdwllks
r4et t*8h In) operAtID8 8rd￿tt
io
{528,1831
1873.8521
Cash no*A from Invejtbne xtlvltlu
Dividends 8nd in*re&t from invemEnts
Movement in fixtd terni d¢posits
Pro¢eods fvom Bale of fLicd J&&¢¢ inv¢$th￿rtts
Flwcha8e of fLI￿ inv￿fU￿￿ts
427,789
250.(X)O
2.516.92J
12.694,7361
512.543
776234
{472,0851
Np* ¢w¥b proTAded by knveid•K gtlfvllks
499.978
816.692
Chiiy In elih AAd ti>h equlvAientJ ID tb¢ r¢portltt8 pèrfod
128,20SI
157.160)
CA•b ••d ¢Aih equlvAI¢Dts At l*¢ b4lttttln8 of tlt reportlD8 perlod
365.120
422280
Ciih Ald equlvAleDti at th¢ ¢ttd of the reportlnl perlod
336.915
365,IZO
Cash & ¢1sh cquivolents compri4¢'.
C8sh 81 Bank
Cash held IL invejtsnentportfolio
327.629
9286
339,675
5,445
331915
365.120
The notes on p88es 10 to IS form pErtof those financial 8t8*rnent

THE CHAPLES SKEY CHARfTABLE TRUST
NOTES TO THE FINANCIAL STATEMEf4TS
FOR THE YEAR ENDED 5th APIUL 2024
ACCOUT4TING POLICIES
(81 B￿18 of PreparAtlon
Th¢se fuwicial stsi¢m¢nt$ art Pteparcd on a going concern b&8i$, under th¢ historical ¢051 convention,
modifi¢d by th¢ revaluation of invcslments bein8 M￿￿red at fair valuc throuBh income and cxpcndttute y￿thi
th¢ Stst¢menl of Financial Acliviti¢s.
The fJnArtClAI $tatem¢nts havc been prepared in 8ccordan¢¢ with th¢ Financial Rq)orting Standard applicable in
Ihe UK And Rcpublic of Ireland IFRS 102). Th¢ ChAn'ty 15 a public benefit enttty for the purposes of FRS 102 and
¢hcrefore the Charity a]so pr¢pared its financial siaterncnL8 in acCOrd*￿t with the Statement of Recornrnendgl
Practice applicable to charitics PTq)arin8 their accounts in a¢¢ordan¢¢ with the Financial ReFQrting Standard
&ppli¢4ble in the UK and Republic ofirel8nd (The FRS 102 Charit1¢5 SORP) includin8 Upd8ie Bullditt 2 und lh¢
Chariti¢5 Act 2011.
The finAn¢i81 stalemenls are prepared in sterli￿ which is the fifftctionlll Currency of the clJArity. Monetary
atnounts in these finarKial statellwils are rounded io the The￿est pound.
The principAI a¢wuntittg poli¢ies Adopted in the prep￿tIon ofthe fitten¢idl ¥tslcments arc 5Ct out below.
(b) Fund Structure
The Expendthle Endowmeni Fund represcnt8 those a15cls which are held for thc l(>nBer terni of the Trust, in
accordance wirh th¢ t¢m)$ of the Trust Deed. Income orisin8 on th¢ Expendablc EndowThenl Fund can used
in the UnT¢8rri¢*d Funds. As lln Expendable Endowment Futtd can bc uscd in accordance with the objects of
the Trnst, capital can &lso be $peni in ¢¢nfyin cir¢um$thnccs in fijltilrnent of the Trllst'$ objects. Any capital
88in5 or losse8 ari$in8 on ih¢ inv¢$tmefits held in the ExpeThd&ble Endowment Fund form pArt of thdt Fund.
{¢) In¢om¢
All income 18 reCo￿ls￿ in the Slatemertt otFinan¢ihl Activities (SOFA} when the conditions for r￿Cipt have
becn mct and receipt is prob&ble. Whcrc J claim for repayment of in¢om¢ WK h8$ bE¢n or will be rnade. such
inc4)me 18 grossed up for Ihc i&x rccoverllble. The followin8 a£￿U￿tIng poli¢ic5 are Epplied lo ditTereni
¢at¢gories Of irt¢omc'.
Crants ADd DonAtloni Re¢eiYoble
Grants xnd Donalion5 &rc rccogniBed in the SOFA wheTh conditio115 for Teceipl have been complied wiih.
lthv¢$tment Income
Interest receivable on deposit Artd SeCUTit1¢5 is accounted for as it A¢¢ni¢$. Dividend income Teceiyable on
securities is accouttid for when received by the inve$tm¢nt rna￿￿¢r.
(d) Expendlture
Liabilities are recOgniS￿ a5 upenditure as soon as there is 41¢881 or ¢on$tni¢iive obligation committing the
charity to th¢ ¢Kp¢nditsre, All expetlditure 1$ 2ccoun*d for on an accrua15 basis and has been cl&88ified under
headin85 that 88gregaie all costs relBt¢d to th¢ ¢#¢¢gory. The following accounting JM)licies are Appli¢d to the
different categories of eXp￿IltUrE..
Costs of Ral$ing FuDd5
Th¢ wst5 of raisiTLg funds consisl of inv¢stm¢nt man8g¢m¢nt and C￿tain legal fees.
Chirltable Actlvltles
Donaiions payable ite retogni$¢d when they are approvcd by the Injsteeg knd th¢ r¢cipi¢nt of the ￿￿( has
been )nforn￿d of thE amDunr to be paid.
Page10

THE CHARLES SKEY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5th APRIL 2024
ACCOUNTING POLICIKS IcontlDy¢d)
Govern*nc¢ Colti
Govemance c051s comprise all costs involving Ihc public accountability tsf the charity and its ctsmpli8n¢e with
re8ulation and good practic¢. These COS15 ITitlude costs rclatcd lo statutory Audit fees together with 5UPPOrt
Costs.
(e} Flxed A$#tts
tnvestments are statcd al market value al the Balance Sheet date. The SOFA includes the net gains artd los
on r¢vAlu81ion and disposa15 throug1￿ the y¢ar.
(f) Reilked Unreallied GAIDS and Lomei
All gains and losse5 are taken its the SOFA as they arise. Rcwli5¢d gain5 8nd losses on invcstmcnt5 •r¢ ¢al¢ulal¢d
&& the difference between sllle5 pro¢¢eds And openirbg market vuluc (PUTchw dale if181eTI. Unreali5cd Bain$ and
105$¢$ Are calCul￿ed QB the diffcrence betwe¢n th¢ mfyrket value at the year end and optnin8 markei value (or
purch88e date if18terl.
{gl Coln¥ concern
The tnLStees have assesscd whether ih¢ use of ihe gohng concern basis LS appropria¢t and have con5idcTed
PDssible evtnts or conditions that might C￿1 signifi¢ani dwbi on the ability of thr chgriry to continue as a going
conccrn. The ttustees have rn2de thi8 a88e55menE for a p¢rod of at leasl one year from ihe date of approval of
the financial sr&temcnt$. The tru$t¢¢s have the flexibility io draw down on the expendable endowment furtd if
required lo support grant cxpcndilutt. After making enquirie8 the tN$tee$ hAv¢ ¢on¢luded that there is a
Trasonable ¢xpectatioTh that thc charity has ad¢qu81¢ T¢SQUTces to continue in op¢t*ional existence that ¢her¢
l5 a reasonxbl¢ ¢xp¢ct&lion that the charity h88 Adequa1¢ r¢sow¢¢8 to continue in oper3lion#l eJLisience for ihe
foreSe￿ble future. The ¢hariiy ther¢for¢ ¢onlinuc5 to adopi Ihe goin8 ¢oncern bAsis in prepariu¥ its financiAI
statements.
) Fln*ntiJil Injtruments
The charity has elected lo apply the proviBion8 of Section I I 'Basi¢ Financial In8lNm¢n¢S' of FRS 102 to all of ils
financial inslnjmenls. FinHncio1 instruments are recogni8cd in the ¢hariry's bal8nce sheet when the charity becomes
pany to the contrachwl provi5ion5 of the Ins￿ment. Financial 855cls and li8bilit1¢5 are offset, with the net arnoun
PTesEnted in th¢ financial statements. when IhcTe 1$ A legally enforceoble right to 5Ct off th¢ recognised amounts and
there is an inten(ion ¢0 set¢l¢ on a net b&qis or w rcajise ihc asset 8T￿ s¢tt1¢ the liability 5imultsTh¢4)usIy.
With th¢ ¢x¢eplion$ ofprepa)rynents and dcfetted income all other debtor and creditor bal&nces are con5Lder¢d
to bc basic fiT￿n￿lI7 instsuments urth FRS 102. S¢¢ rtotc 8 for the debknr8 notc and note 9 for th¢ ¢reditors note.
(11 Cgih and taih equlvalelltS
C¥sh ¢ash eqLLivalents include ca5b in hand, d¢po8iis held at call with banks, Diher short-term liquid
investments with originol maiuriLies of three monitL5 or less.
(J) K¢y E•tlm&tr and JudiemeAts
In prep2rirtg finimcial slalemenls il i5 n¢ce558ry ¢0 make certain judgements, cs1irn￿ts ond &8sumptions that affc¢t
th¢ th￿unts r¢¢ogni8¢d in the fi￿n¢la[ statements,
In the view of the ITU8t¢eS ID gppI)Yng the aecouniing policies adopt¢d, tto judgements were required that hayc
sigrtificant effect on the amounts reco￿l￿j in the financial staiements llOT do any esiimaies or assumptions rnade
cary a $igttifJtAnt risk of material adju5tsn¢nt in the M¢xt fJnancia] year.
Pwll

THE CHARLES SKEY CHAR￿ABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (COIYTINUED)
FOR THE YEAR ENDED 5th APRIL 2024
INVESTMENT INCOME
2014
2023
Investmenl income
Intere51 on cash deposits
409.775
18,014
427,7¥9
508,833
3,710
512,543
CHARITABLE ACTIVITIES
The charity underwok no direct ch4ritsblc actiwli￿ but awarded donation$ to a number of ittstitutions in
fwther8Thcc of its charil3bl¢ a¢tivities.
2024
2023
Grants n￿de
424,500
8￿￿,000
Support C08t5
Governance Costs (see note 4)
46.835
471,135
26,579
826.579
The 8Tanl$ m￿¢ ¢ompriscd the following..
Advinttrnent of educatlo
Bra5enoEe Colle8e, Oxford
Monkion Combe School
St Sepul¢hre-without-NewAat¢
48,5(Ml
15,000
30,000
3JlYJ
45,0110
15,(K)O
30,000
AdvAn¢em¢nt of rellglon
Becontrc¢ Chur¢h
Faith in Kids
Immanuel Church
LoDdon Clty Mission
St. James, Chur¢h, Rydo
Stewardship (Eam Cow¢s)
80,000
280,000
250,001)
10,000
iO,ODO
20.OIJO
10,000
30,OIJO
20.000
10,000
Adv•ncernent of Ilealth or the i*vlD¥ of Ilves
Detncntia UK
French Hospital
World Sighi Foundation
30,000
10,000
io.(wo
lo.￿)0
30.000
10.000
10,000
10.000
Adv&lleeJnent of cllizeDBhlp or ¢ommuDIty deveJoprneDt
C¢ntr¢ for Enterprise Markets and Ethics
Envision
Th¢ Brnnch, ChippingNonon
411,01
70,000
10,DOO
10,000
50,000
30.OIKI
Page12

THE CHARLES SKEY CllkRITABLE TRUST
NOTES TO THE FINAf4CIAL STATEMEPffS (CONTINUED)
FOR THE YEAR Ef4DED 5th APRIL 2024
CHARITABLK AcfiviTIES Co•t'd
24
2023
Adv#ncemen¢ of ¢ultur•. lerlts8¢ or 8thD¢e
Alm¢ida Th￿tre
British Film In&llw
Gre¢nwi¢h Foundati(￿ for the Old Royol Naval Coll¢g¢
Insiitutc of [n￿ginatIott
Polka The&tr
Royal Museurns Ott¢nwi¢h
Woodchester ManBion
137,50
Isooo
137.500
l2.5(Y)
10.000
35.000
30.000
10.000
40,0Tr)
60,100
io,wo
21•00
22,500
Advinttmtnt of•m#ttur
MCC Found•iion
On Cours¢ Found4tiort
45.000
20,000
25.000
50,orK>
30.0(K>
20,0
Relltfof iboie IN n¢¢d by rtawfi ofyouth, 18ei lll-h¢AIth.
dtsAbllity* finan¢l•l b•rdshlp or oihtrdl•r¢dvantsR¢
Hebridean Pwjulis OutdoorLe￿in￿
SiMBA
Stephen House Mcnwrial Fund
we￿ Ham Soll Cadets
23JOO
22.500
147,5fy1
22,51M>
25.(MKS
100,orMI
1,000
Promollon ofihe ¢tll¢lellfy of the Irthed for¢e• of the Crowoi
OT ofthe trritltnty of the pollte. flre awd ￿r¥I¢* or
AmbulAnce itrvltei
Th¢ FusilicTh Fund
The Welsh Cmard
dO,(hXI
20,000
20.r
zfj,000
ANALYSIS OF GOVERNANCE COSTS
2024
2023
TT￿le¢s. expen8e8
Audiiorfs r¢muu¢ratLOrt.'-
Audit fee for thB ye
Priorytar underpToviwon
Messr& HoBr¢ Tru5t¢gs:.
Adminiytr&tiDn fee foi the ye•r
Prior ye4r underllov¢rl provi$i¢m
R￿5¢1[ Cooke LLP le881 f¢¢8
819
1323
7JOO
i Jty)
5.900
210
.000
4,200
5,016
18.000
lJ46
26,579
IDVagttnent M8D&8ell￿nt Cc4ts
Inveslec Wealth & tnve5ttneDt- Ixgal Elltity ldtnufl￿ r
Invcstec Managetnent f￿&
78
69.593
69.671
69,103
69,163
Pa￿ 11

THE CHARLES SKEY CHARTtABL& TRUST
NOTES TO THE Fif4ANCiAL STATEMKf4TS (CONTINUED)
FOR THE YEARENDED 5th APRIL 2024
REMUNERATION OF TRUSTEES
In the fJtsatttiAI year ended 5th April 2024 non¢ of rhe Tr￿tee4 who ar¢ d¢¢mcd to b¢ keymaDa8emettt rrtrsonDcl.
T¢¢¢iv¢d any remuner￿l0rt fTOtti the Charity12023.. Nill. Five TrusL¢¢B received a total of£819 in r¢spxt of the
rcimbuT8ement of in¢u￿¢d ¢n thesrdllties li Twtcc& {2023.. £I.223).
Ther¢ were no employ¢¢g durin8the yur under review {2023', nil).
FIXED ASSET INVESTMENTS
Mowemtnt In nI¢d lllvestmpnts
2024
2023
L4•ted IAvéiimen
Markd Value Brought Fonv4rd
Addi¢ions ai co¥1
Ltsg Di8poyEI prtteeds
R¢aliKd on distxwls
Gain￿11￿88e5I on rcv4luNtion
Mlrket Volu¢ C4rrlfd ForwArd
Cash h#ld by brokers
14,133.236
2,694,7M
2JIA9231
{313,619)
l J84,771
ISJ8Z,199
9.286
15,439,498
772.085
1776,234}
1191,4251
14.133.236
5,445
Tot*l IDV¢ltm¢nti It 5th Aprll 2024
lJJ91.485
14,138,681
Hisiori¢AI e08t of Investments 8$ At 5th April 2024
10,043,796
9,784.151
G¢o8r4pbl¢AI An4ly•l•
United Kin8dom inv¢5trrt¢nts
Overgea5 Lnvejtmente
SJ52.674
9,829.525
1SJ82,199
5,968,645
8.158,487
14,127,132
VUND TRANSFEILS
The mad¢ a tT4n8f¢r of £43,54612023.. £314,036) from Ihe Expendable Endowm¢nt Fund lo the Income Futs
DEBTORS
2024
2023
Year end incom¢ ￿$h lrnnsfer due from Inv¢s*
46,854
46054
50.954
50,954
CREDITORS
2024
2023
ItbveytEC W¢alih & Investment MBnJg¢m¢nl fees
Moor¢ KinB*on Smith- Audito￿5 R¢muneraiion
Ludlow T￿51 Company (Loisdonl Lid AdtllilliStrati¢)n ftt5
7J86
7.500
23,800
38.686
6.571
5,900
18.0(K
30.471
P4et 14

THE CHARLES SKEY CHAIUTABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5th APRIL 21124
RECONCILIATION OF OPERATING DEFICIT TO NET CASH
OUTFLOW FROM OPEIL4TING ACTIVITIES
2024
2023
Net operating expenditure
Investment Income
De¢reas¢l(In¢r¢ase) in Debtors
(Decrease)Ilncrease in CreditOT5
Nei cash oufflow from operating a¢tivilies
(112,709)
(427,789)
4,100
8,215
(383,707)
(512,543)
20.717
873.852
RELATED PARTY DJSCLA)SURE
In the y¢ar the ¢harity gave grBnts totslling £lO.000 (£10,000; 2023) to St James'5 Church Ryde for
the furtherance of theiT chariiable obje¢tiYes. a chatity with a trustee in common with The Charles
Sk¢y Cbaritable Trust.
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