Charity registration number 1000173 (England and Wales)
HENRY BLANK CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
HENRY BLANK CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr. H Blank
Mr. M Blank Dr. M Blank-Settle Mr. M Blank-Settle
Charity number (England and Wales)
1000173
Accountants
Paragon Partners Limited Churchill House 137-139 Brent Street London NW4 4DJ
HENRY BLANK CHARITABLE TRUST
CONTENTS
| Page | |
|---|---|
| Trustees‘ report | 1 |
| Accountants’ report | 2 |
| Statement offinancial activities | 3 |
| Balance sheet | 4 |
| Notestothefinancialstatements | 5-8 |
HENRY BLANK CHARITABLE TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 5 APRIL 2025
The trustees present their annual report and financial statements for the year ended 5 April 2025,
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the trust's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 (FRS 102)”.
Objectives and activities
The trust's objects are to fund any exclusively charitable purpose according to the law of England and Wales for the public benefit that the trustees may from time to time in their absolute discretion determine.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake.
Achievements and performance
During the year the trust supported various charitable objectives and the amount of donations made during the year amounted to £7,109 (2024 - £6,371).
Financial review
The statement of Financial Activities shows an excess of income over expenditure of £30,674 (2024 - £861 deficit) for the year.
Reserves policy
The trustees consider that due to the iow level of running costs there is no need for a minimum level of funds to be kept as reserves.
Structure, governance and management
The trust was established by a charitable trust deed on 8 January 1990.
The trustees who served during the year and up to the date of signature of the financial statements were: Mr. H Blank Mr. M Blank Dr. M Blank-Settle Mr. M Blank-Setile
The trustees' report was approved by the Board of Trustees.
----- Start of picture text -----
TrusMr. Blankae 7 ~
11 December 2025
----- End of picture text -----
-1-
HENRY BLANK CHARITABLE TRUST
CHARTERED ACCOUNTANTS’ REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HENRY BLANK CHARITABLE TRUST FOR THE YEAR ENDED 5 APRIL 2025
In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the financial statements of Henry Blank Charitable Trust for the year ended 5 April 2025, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at https://Awww.icaew.com/regulation.
This report is made to the charity's trustees, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Henry Blank Charitable Trust and state those matters that we have agreed to state to the charity's trustees, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF, To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Henry Blank Charitable Trust and the charity's trustees as a body, for our work or for this report.
It is your duty to ensure that Henry Blank Charitable Trust has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of Henry Blank Charitable Trust. You consider that Henry Blank Charitable Trust is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.
We have not been instructed to carry out an audit or a review of the financial statements of Henry Blank Charitable Trust. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Paragden Partners Limited Chartered Accountants Churchill House 137-139 Brent Street London NW4 4DJ 11 December 2025
-2-
HENRY BLANK CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED5 APRIL 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 35,897 | 3,527 |
| Investments | 4 | 2,593 | 2,049 |
| Total income | 38,450 | 5,576 | |
| Expenditure on: | |||
| Charitable activities | 5 | 7,109 | 6,371 |
| Otherexpenditure | 8 | 667 | 66 |
| Total expenditure | 7,776 | 6,437 | |
| Netincome/(expenditure} and movement infunds | 30,674 | (861) | |
| Reconciliation offunds: | |||
| Fund balances at 6April 2024 | 38,654 | 39,515 | |
| Fundbalancesat5April2025 | 69,328 | 38,654 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
-3-
HENRY BLANK CHARITABLE TRUST
BALANCE SHEET
AS AT 5 APRIL 2025
| 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |||
| Current assets | |||||||
| Debtors | 10 | 6,000 | - | ||||
| Cash at bank and in hand | 63,928 | 38,654 | |||||
| 69,928 | 38,654 | ||||||
| Creditors: amounts falling due within | 11 | ||||||
| one year | (600) | - | |||||
| Net current assets | 69,328 | 38,654 | |||||
| The funds ofthe trust | |||||||
| Unrestricted funds | 12 | 69,328 | 38,654 | ||||
| 69,328 | 38,654 | ||||||
| Fl | |||||||
| iestatementswereapproved bythe trusteeson11December2025 Mr.Hwef \P\J Trustee’fe ee a= |
|||||||
| ‘ | a | ||||||
| | | = |
-4-
HENRY BLANK CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
- 4 Accounting policies
Charity information Henry Blank Charitable Trust is a registered charity established by a charitable trust deed on 8 January 1990.
- 1.1. Accounting convention The financial statements have been prepared in accordance with the trust's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 (FRS 102)". The trust is a Public Benefit Entity as defined by FRS 102.
The trust has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements 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 to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
- 1.2. Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
- 1.4 Income Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount. income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
-
1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settkement, and the amount of the obligation can be measured reliably.
-
1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at calt with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
-5-
HENRY BLANK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025
- 1 Accounting policies
(Continued)
-
1.7 Financial instruments
-
The trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the trust's balance sheet when the trust 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 costs and are subsequently 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.
2 Critical accounting estimates and judgements
In the application of the trust's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets andliabilities 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 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 the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Donations | and | gifts | 35,897 | 3,527 |
- 4 Income from investments
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Interest | receivable | 2,553 | 2,049 |
-6-
HENRY BLANK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025
5 Expenditure on charitable activities
----- Start of picture text -----
|||||
|---|---|---|---|
|Heading|Heading|
|#ac982|#ac982|
|2025|2024|
|£|£|
|Direct|costs|
|Donations|7,109|6,371|
|Analysis|by|fund|
|Unrestricted|funds|7,109|6,371|
----- End of picture text -----
6 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the trust during the year.
7 Employees
The average monthly number of employees during the year was:
----- Start of picture text -----
||||
|---|---|---|
|2025|2024|
|Number|Number|
|Total|:|-|
----- End of picture text -----
There were no employees whose annual remuneration was more than £60,000.
8 Other expenditure
----- Start of picture text -----
|||||
|---|---|---|---|
|Unrestricted|Unrestricted|
|funds|funds|
|2025|2024|
|£|£|
|Bank|charges|67|66|
|Accountancy|600|-|
|667|66|
----- End of picture text -----
9 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
10 Debtors
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|2025|2024|
|Amounts|falling due|within|one|year:|£|£|
|Other debtors|6,000|-|
----- End of picture text -----
-7-
HENRY BLANK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025
11. Creditors: amounts falling due within one year
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Accruals | and | deferred | income | 600 | - |
12 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 6April | Incoming | Resources | At 5April | |
|---|---|---|---|---|
| 2024 | resources | expended | 2025 | |
| £ | £ | £ | £ | |
| General funds | 38,654 | 38,450 | (7,776) | 69,328 |
| Previous year: | At 6April 2023 |
Incoming resources |
Resources expended |
At 5April 2024 |
| £ | £ | £ | £ | |
| Generalfunds | 39,515 | 5,576 | (6,437) | 38,654 |
13 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
-8-