For professional investors and advisers only
Schroder UK Property Fund Feeder Trust
Interim Unaudited
Financial Statements
30 September 2014
1
Schroder UK Property Fund Feeder Trust
Interim Unaudited Financial Statements 30 September 2014
REPORT OF THE AUTHORISED
FUND MANAGER AND STATEMENT
OF RESPONSIBILITIES
The Financial Statements
We are pleased to present the Unaudited
Financial Statements of Schroder UK
Property Fund Feeder Trust (“the Trust”) for
the period ended 30 September 2014.
Statement of the Authorised Fund
Manager’s Responsibilities
The Collective Investment Schemes
Sourcebook of the FCA (Financial Conduct
Authority) requires the Authorised Fund
Manager to prepare financial statements for
each accounting period which give a true
and fair view of the financial position of the
Trust at the period end and of the net income
and net gains or losses on the scheme
property of the Trust for the period then
ended.
In preparing the financial statements
the Manager is required to:
The Manager is required to keep proper
accounting records and to manage the Trust
in accordance with the Regulations and the
Instrument of Incorporation.
The Manager is responsible for taking
reasonable steps for the prevention and
detection of fraud and other irregularities.
We hereby approve the Unaudited Financial
Statements of the Schroder UK Property
Fund Feeder Trust for the period to 30
September 2014 in accordance with the
requirements of the Collective Investment
Schemes Sourcebook of the FCA.
C.E. Helmstetter
P. Wallace
–follow applicable accounting standards;
–make judgements and estimates that are
reasonable and prudent;
–select suitable accounting policies and
then apply them consistently;
–prepare the financial statements on the
going concern basis unless it is
inappropriate to presume that the Trust
will continue in operation for the
foreseeable future; and
–comply with the disclosure requirements
of the Statement of Recommended
Practice for Authorised Funds issued by
the IMA (Investment Management
Association) in October 2010.
Schroder Unit Trusts Limited
9 December 2014
Schroder UK Property Fund Feeder Trust
2
Interim Unaudited Financial Statements 30 September 2014
STATEMENT OF TOTAL RETURN
For the six months ended
30 September 2014
£’000
31 March 2014
£’000
Net capital gains
4,271
444
Revenue
1,395
1,055
–
–
Net revenue before taxation
1,395
1,055
Taxation
(262)
(182)
Net revenue after taxation
1,133
873
Total return before distribution
5,404
1,317
Finance costs: distributions
(1,133)
(873)
Change in net assets attributable to
unitholders from investment activities
4,271
444
30 September 2014
£’000
31 March 2014
£’000
59,766
26,069
4,985
33,253
Income
Expenses
STATEMENT OF CHANGE IN
NET ASSETS ATTRIBUTABLE
TO UNITHOLDERS
For the six months ended
Opening net assets attributable to unitholders
Amounts receivable on issue of units
Amounts payable on cancellation of units
–
–
Net amounts receivable on issue of units
4,985
33,253
Change in net assets attributable to unitholders
from investment activities
4,271
444
69,022
59,766
Closing net assets attributable to unitholders
Schroder UK Property Fund Feeder Trust
3
Interim Unaudited Financial Statements 30 September 2014
BALANCE SHEET
At
30 September 2014
£’000
31 March 2014
£’000
ASSETS
Investment Assests
69,022
59,766
Total Investment Assets
69,022
59,766
Debtors
228
227
Cash and Cash equivalents
471
255
Total other assests
699
482
69,271
60,248
513
282
Total Assets
LIABILITIES
Creditors
Distribution payable
186
200
Total Liabilities
699
482
69,022
59,766
30 September 2014
£’000
31 March 2014
£’000
1,364
922
(1,148)
(749)
(1,148)
(749)
Purchase of investments
(4,985)
(33,253)
Total cash inflow from financial investments
(4,985)
(33,253)
Net assets attributable to unitholders
CASHFLOW STATEMENT
For the six months ended
Net cash inflow from operating activities
Servicing of finance
Distributions paid
Total cash outflow from servicing of finances
Financial investments
Financing
Amounts received on issue of units
4,985
33,253
Total cash inflow from financing
4,985
33,253
Increase in cash for the period
216
173
Net cash at the start of the period
255
82
Net cash at the end of the period
471
255
Schroder UK Property Fund Feeder Trust
Interim Unaudited Financial Statements 30 September 2014
NOTES TO THE FINANCIAL
STATEMENTS (UNAUDITED)
Accounting policies
Basis of accounting
The accounts have been prepared
under the historical cost basis, as
modified by the revaluation of
investments, and in accordance with
the Statement of Recommended
Practice for Authorised Funds issued
by the IMA in October 2010.
The accounting policies applied are
consistent with those of the annual
accounts for the period ended
31 March 2014 and are described
in those annual accounts.
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5
Schroder UK Property Fund Feeder Trust
Interim Unaudited Financial Statements 30 September 2014
UNAUDITED GENERAL
INFORMATION
Reports & Accounts
Manager Contacts
This document is a short report for
the Schroder UK Property Fund Feeder
Trust for the period to 30 September
2014. Further information about the
activities and performance of the Fund
during this period can be found within
the Quarterly Investor Reports on the
Schroder UK Property Fund Feeder
Trust website:
http://www.schroders.com/spf.
For general information and queries
on secondary market availability,
please contact:
Olivia Pember
Product Manager
olivia.pember@schroders.com
+44 (0)20 7658 3552
James Lass
Fund Manager
james.lass@schroders.com
+44 (0)20 7658 3980
Schroder UK Property Fund Feeder Trust
Interim Unaudited Financial Statements 30 September 2014
6
S C H R O D E R
U K
P R O P E R T Y
Issued in April 2013 by Schroder Investment Management Limited, 31
Gresham Street, London EC2V 7QA which is authorised and regulated
by the Financial Conduct Authority. w46135
F E E D E R
T R U S T