For professional investors and advisers only
Schroder UK Property Fund Feeder Trust
Interim Unaudited
Financial Statements
30 September 2013
1
Schroder UK Property Fund Feeder Trust
Interim Unaudited Financial Statements 30 September 2013
REPORT OF THE AUTHORISED
FUND MANAGER AND STATEMENT
OF RESPONSIBILITIES
The Financial Statements
We are pleased to present the Interim
unaudited financial statements of the
Trust for the period ended
30 September 2013.
The Manager is required to keep
proper accounting records and to
manage the Trust in accordance with
the Regulations and the Instrument
of Incorporation.
Statement of the Authorised
Fund Manager’s
Responsibilities
The Manager is responsible for
taking reasonable steps for the
prevention and detection of fraud
and other irregularities.
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:
–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 Instrument of
Incorporation and the Statement
of Recommended Practice for
Authorised Funds.
We hereby approve the Interim
unaudited Financial Statements of the
Schroder UK Property Fund Feeder
Trust for the period to 30 September
2013 in accordance with the
requirements of the Collective
Investment Schemes Sourcebook
of the FCA.
Schroder Unit Trusts Limited
19 December 2013
Schroder UK Property Fund Feeder Trust
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Interim Unaudited Financial Statements 30 September 2013
STATEMENT OF TOTAL RETURN
For the six months ended
30 September 2013
£’000
31 March 2013
£’000
(118)
(709)
357
156
–
–
Net revenue before taxation
357
156
Taxation
(69)
(31)
Net revenue after taxation
288
125
Income
Net capital gains / (losses)
Revenue
Expenses
Total return before distribution
170
(584)
Finance costs: distributions
(288)
(125)
Change in net assets attributable to unitholders
from investment activities
(118)
(709)
30 September 2013
£’000
31 March 2013
£’000
Opening net assets attributable to unitholders
13,792
–
Amounts receivable on issue of units
12,395
14,501
STATEMENT OF CHANGE IN
NET ASSETS ATTRIBUTABLE
TO UNITHOLDERS
For the six months ended
Amounts payable on cancellation of units
Net amounts receivable on issue of units
Change in net assets attributable to unitholders
from investment activities
Closing net assets attributable to unitholders
–
–
12,395
14,501
(118)
(709)
26,069
13,792
Schroder UK Property Fund Feeder Trust
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Interim Unaudited Financial Statements 30 September 2013
BALANCE SHEET
At
30 September 2013
£’000
31 March 2013
£’000
26,069
13,792
94
45
82
22
ASSETS
Investment Assests
Debtors
Cash and Cash equivalents
Total other assests
Total Assets
176
67
26,245
13,859
LIABILITIES
Creditors
Distribution payable
Total Liabilities
100
31
76
36
176
67
26,069
13,792
30 September 2013
£’000
31 March 2013
£’000
310
111
Net assets attributable to unitholders
CASHFLOW STATEMENT
For the six months ended
Net cash inflow from operating activities
Servicing of finance
Distributions paid
(250)
(89)
Total cash outflow from servicing of finances
(250)
(89)
Financial investments
Purchase of investments
(12,395)
(14,501)
(12,395)
(14,501)
Amounts received on issue of units
12,395
14,501
Total cash inflow from financing
Total cash inflow from financial investments
Financing
12,395
14,501
Increase in cash for the period
60
22
Net cash at the start of the period
22
–
Net cash at the end of the period
82
22
Schroder UK Property Fund Feeder Trust
Interim Unaudited Financial Statements 30 September 2013
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 2013 and are described
in those annual accounts.
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5
Schroder UK Property Fund Feeder Trust
Interim Unaudited Financial Statements 30 September 2013
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
2013. 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:
Tom Dorey
Head of Property Product
tom.dorey@schroders.com
+44 (0)20 7658 3020
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 2013
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. w44566
F U N D
F E E D E R
T R U S T