Charlty number: 1061764
THE BENSON AND LIONEL BLACK CHARITABLE TRUST
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2022

THE BENSON AND LIONEL BLACK CHARrrABLE TRUST
CONTENTS
Pag8
Reference and administrative details of the Charity. its Trustee5 and advisers
Trustees. report
Independent audltorfs report on the finan¢lal statemonts
stst•mgnt of financtal a¢tlvlUos
10
Balance sh6•t
11
statem•nt of cash flows
12
Note5 to the financial statements
13-22

THE BENSON AND LIONEL BLACK CHAR￿ABLE TRUST
REFERENCE AND ADMINISTrATIVE DETAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 5 APRIL 2022
Tru8tee$
Mr K J Blad(
Ms J Black
Mrs T H Black
Mr N Young
Charlty rggistsred
numbèr
1061764
Prfncipal offl
Risol House
Mercury Way. Dumplin9ton
Urmslon
Manchester
M417RR
Indépèndont audltor
Crowe U.K. LLP
hartered ArrAJuntants
3rd floor
The Lexicon
Mount Streèt
Manchester
M2 5NT
Bankers
HSBC
11 Church Street
WarTington
Cheshire
WA1 2EY
Page 1

THE 8ENSON AMD LIONEL BLACK CHARITABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2022
Thg Truslges prgsenl their annual report tcgether wrth the audited financial ststsmènts of the Charity for the 6
April 2021 to 5 Aprfl 2022.
Objectlvos and a¢Ovltles
a. Policies and oblectlves
Trustees shall pay or apply the Income of the trust fund to such charfties or for charitable purposes as th8
trustees delemin8.
The Trustees meet these alms by making grants trj eharhable insutulions as set crtrt In note 4 to Ihe accounts
In settlng obleclNe8 and planning for activiti8s, th8 TnIst￿S have giv8n due consideration to genoral guidance
published by the Charity Commlsslon relatirKJ lo publlc beneftL Induding the guidanco 'Publlc benefit". running a
chanty IP821'.
b. Prln¢lpal Actlvllles, Objects and Revlew of thg Trust
The charitywas created on 18 February 1997 and was regL%tèred ag a thanty wlh th8 Charty Commi58ion on
the 10 Apri11997. The trust had been created and Tegistered as a charity in order Ihal the assets of an eadier
tru51 established by Mrs Hety Black on 2e March 1976 couka be transferr&J lo it. All the assets ofth8 oarlior
trusts were transferred lo this trust Wttt) effect from 6 April 1998.
The trusleas have wide discretionary power to donate the incilme arising in the trust for general charitable
purposes. Donations mado In the year were in accordan￿ wth the obiectives of that trust.
K J Black is delegated by the trustees to deal Ihe day-t¢>day managernenl of the charity, including arranging
the charitable activltias rellected in these accounts arKI obtaining appropriate advice conceming inveslments as
required.
Thé managem8nt of th8 trust is corKtuct8d solely by the tTUSlees and its acttvtknes in th8 year comprfsed the
financial rnanag8mant of Its Investmgnts and th? donauon of the Sncome arising in the tnst. It has not
undertaken any wider charitable adtvthgs nor had il engaged volunteers in any activities.
In accordance wth thg obl8cls of the trust. the trustees aim io distslbule trust ￿ndS for general charitable
purposes. Th8 tNsl8es plan to continue makirKJ distributions at similar to thfj recent past su*ecl lo
sufficient income arising in the trust lo continue with that FK>Iicy.
c. Public benefit
The Iruslees distribute the funds available in the Iw51 for general tharitable purposes. Details of the charitab16
activities are listed in the account5. The recipients are themselves eTiher regisl&red tharities or charitable causes
and the donations made supporl Ihe work they undertake. whith includes educatlon81 activiUes and assisting
disadvantaged members of society. The tsuslees wek(Ane applications for grants from a wide range of not for
profit organisalions.
When planning the activknes for lh8 year the trustees have considered (he Charity Comrnission's guidance on
public benefit.
Pag8 2

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2022
Achlevements and perfomiance
a. Rgvlow of activities
Income for the year was £3.354.75412021: £542,679) and total expenses were £717,080 {2021.. £503,570). This
produced a surplus for the year of £2,637,67412021.' Surplus of £39.1091.
During the year, the Charity receNed £1.004.442 as a donation in rB8uM of a merger wth the Lionel Black
Charitable Trust.
During Ihe year gr3nts of £709.23112021.. £￿1.7[￿) were mada to insb'tution8. Unrestricted funds at the year
were £2.916.992 (2021.. £279.3181.
The charity alms to keep the lev¢1 of grant awdrde(I Inllne Ihe levels of income rec￿1Ve￿.
b. Investment pollcy and perfornianco
The charity aims to generate 2 relum on inveslmerrt at least equal lo infiats'on to maintain thè real value of the
fiJnds invested.
Financlal review
. Gdng concgrn
The Covid-19 pandemic has not had a signif￿￿nI. immediate impad on the charitys oporations. After making
appropriate enquiries. the Iruslees have a reasonable expectation thal the Charity has adequate resou￿8 lo
continue in operatsonal e￿sten￿ for the foreseeable future. For this r8ason they continue to adopt the going
concern basis in preparing Ihe financial statements. The Trust has C4JnSiderab￿ funds carried forward of
£2,916,992 12021= £279,318} and has flexibility wilh regards to the grants they give to organlsalions. Furthèr
detalls regarding tho adoption of Ihe going concem basis can be found in the Accounting Pollcles.
b. ReseTVÈS poIIcy
The trustoes consider that the reserves of the Tnjst shoukl be suffio8nt lo guarantee the long temi future of th
Trust. Free reseN8S al 5 Aprfl 2022 amount to £2.712.08312021.. £70,276). The charity has a target free
reserves level of £nil as it has no financial commitsnents other than the extent to which it awards grant fvnding.
The Iruslees plan to utilise the free reserves over the next 2 years to bring in line wf(h the reserve wlicy.
c. Principal fundlng
The principal funding of the trust is by dimdends rerEived from Ri801 Imports Limited and donations from Reg8tt8
Limited.
Pagè 3

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR TrIE YEAR ENDED S APRIL 2022
structur¢* govornance and management
a. Constitutlon
The 3enson and Lionel Black Charitable TTUSt is an unincorporated registered charity. The charity registration
number is 1061764. There have been no changes in Ihe objectives since the last annual report.
The tmslees who $8rved during the year were as follows".
MrK J Black
Ms J Black
Mrs TH Black
Mr N Young
All decisions are mad8 by th8 charitys trustw.
b. Methods of appolntmenl Qr elxtlon ol Trustees
The management of the Charity is th8 responsibility of the Trustees are elected and co-opted under the
letrns of the Trust dead.
c. Grant maklng pollcy
The charity provided grants to other charitable instibjlions vthin the Jewsh Communily In order to help fund the
thariiable seNices they provide.
d. Rlsk pollcy
Th9 Trustees have assessèd the major risks to which the Charity is exposed. in particular Ih05e related lo the
operabons and finances of Ihe Charity, and are s3tssffi￿I that systsms ané procedures are in place ID mitigate our
exposure lo the major risks.
8. Fundra55ing
The charlty had no fvndraising activths requiring disclosure under S162A of the Charities Act 2011.
f. Charlty Governance Code
The Truste8s intend to apply the Charity Governance Code and are GUTrenty assessing current areas of
compliance ar￿ awas where Improvements are lo be sought
Plans for fulurg P9riods
The trust plan8 lo continue lo make grants to charttable institutions for the foreseBable future.
Pago 4

THE BENSON AJID UONEL BLACK CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED S APRIL 2022
Statement of Trusts•$' respon8ibilitiès
The Trustees are responsible for preparing the Trustees. report and the financial slalements in accordancg with
applicable law and United Kingdom Accounting Standards (United Kingdom Gen8rally Accepted Accounting
Practice}.
The law applicab5e to charites in England & Wales requires the Trustees to prepare financial ststements for
each flnandal which give a true and fair view of the stale of affairs of the Charity and of its incoming resources
and application of resour(xs, including sts inujrne and expenditure, for that period. In preparing these financial
statements, the Trustees are required lo..
select suitable a¢￿untIng polioes and then appty them consistenlw,
obsaNe tha mbthcxls and prinoples of th& Chaiiti&s SORP IFRS 1021:
make judgments and ac¢c¥un￿ng esb'mates that a￿ reasonable and prudent..
slate whether applicab￿ UK Accounting Stsndards (FRS 1021 have been followed, sublect lo any material
departures disclosed and explained in the ffinaw81 statements.,
prepare the fiNan¢ial statements on the going conc£m basis un￿ts it is inapptDprio18 to presume that the
Charlty will contlnue in business.
The Trustees are responslble for ke8 ￿ng adeouale accounting records that are sufficient to show and explain
the Charrtls Iransactiolls and disclose wrth reasonable accuracy at any tim8 the financial position of the Chafily
and enable them to ensure that the financkal statements compty ￿ the Charities Act 2011, the Charity
{A￿O￿nts and R8lXYtsl Regulations 2008 and the provisions of the Trust deed. They are also responsib￿ for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and deleclicin of
fraud and other irregularitiès.
Disclosuro of Inforniatlon to audllor
Each of the persons who are Trustees at the time when this TfUStees' repcrft 19 approved has confimied Ihal..
80 far as that Trustee is aware, th8rg is no relevant audit infomiation of which the charitys aLbditor Is
unaware. and
that Trustee has taken all the steps that ought to have been taken as a Tmslee in order lo be aware ol
any relevant audit inf0m￿t'0n and to establish that the chariws auditor is aware of that infom)ation.
Auditor
The auditor, Crow8 U.K. LLP. has indicated w11ingn￿ to continue in office. The cle5ignated Trustees wlll
propos8 a motion reappointing the auditor at a wneeting of the Trustees.
Approved by order of the members of the board of Trustegs and swjned on Iheir beha￿ by..
Dale..
ULIDxJz3
Page S

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF ThE BENSON AND LIONEL BLACK
CHARITABLE TRUST
Oplnlon
We have audlted the financial statements of The Benson and Lionel Bkck Charilabie Trust (the 'charityl for thg
year end&d 5 Apnl 2022 which comprise the Slat8m8nl of finanaal activrtigs, tho Balance sheet. the Slalgment of
cash flows and the r&laled notès, IndLHYlng a sumwnary of svJniticant accounung pollcies. The financial reportlng
framework that has been applied in th￿r preparation is appI￿ab￿ law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK
and Republic of Ireland, {United Kingdom Generally Accepted Accounting Pfactic81.
In our opinion the financtal statements..
glve a true and fair vigw of th& sl818 of the therit*s affairs as al 5 April 2022 and of Tis incoming Te8ources
and 8pplication of Tesourcgs for the year th8n onded.,
have been properly prepared In accordance wlth Unw Kingdom Generally AcLepted Accounlng
Practice; and
have been prepared in aC￿rdance wtth the requiretnerts of the Charities Act 2011.
8a$l$ for oplnlon
We conducted our audit in acQxwdan￿ wtih 1ntemab.onal Standards on Auditing {UKI {ISAs (UK)) and applicable
law. Our responsibilities under those standards are further described in the Audilorfs responsibilities for the audit
of thg fin8ncial statèments sèction af our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the finanual statements in the United Kingdom, including the
Financial Reporting Counthl's Ethical Standard, arKJ we have fulfilled our other tslhical responsibilities in
accordancè with these requirements We believe Ihat the audit evidence we have obtained is sufficient and
appropriate to provid& a basis for our opinh)n.
Concluslons relatlng to golng concem
In audltlng the financial slatemenls, we have condud8d that the Truslegs. us8 of the golng Goncern basis of
accounting in the preparalion of the finanual statements is appropriate.
Bas8d on th& work we have perfomied, we hava r￿t idantif￿d any maierial uncertainties relating lo events or
conditions that, individually 0¢ Lyjllectively, may ca51 significant doubt on the d)aritys ability lo continue as a going
concem for a period of at least ￿e1ve month5 from when the financial statements are aulhorised for issuo.
Our responsibilllies 8nd the responsibilibes of the Tn￿tee$ th respect to going concem are described in the
relevant sections of this report.
Page 6

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
INDEPENDEKf AUDrroR'S REPORT TO THE MEMBERS OF THE BENSON AND LIONEL BLACK
CHARITABLE TRUST IcoKfiNUEDI
Olher Infomiatlon
The other Inforniakn'on r￿mp￿seS the information indud6d in the Annual report other than the financial stal8m8nts
and our Auditorfs r8P)rt thereon. The Trustees are reswn&ble for the other informat50n contslned within th8
Annual report. Our oplnlon on the finanaal statements does not cover the other infomiation and, except to the
exlenl olhenNis8 explicitly stated in our ioporL we do not express any form of assurance conclusion thereon. Our
responsibility Ss to read the other information and, in doing so. consider wh8ther the other informatltsn 18
materially inconsislenl with the finanual statements or our knowle(ige obtained in the course of the audit, or
otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent malarial
misstatements. we are required to detemiine whethor this gtves rise to a material misstatement in the financial
statements themselves. If, based on the work we have perfomied, we conclude that there is a material
misstatement of this other informatlon, we are required to report that fact.
We have nothing lo report in this regard.
Matters on which we are requlred to rnport by •xceptlon
We hav8 nothing tr) report in respect of the following matters where the Charities {Ac￿Unts and Reports)
Regulalon8 2008 r8quir8S US to report to you rf, in our opinion..
the inforniatlon glven in the Trustees, rewrt is inconsistent in any material respect wilh lh9 flnanclal
stst6menls-, or
sufficienl accounting records have not been kept: or
the financlal statements are r￿1 in agreement with the accounting rerxjrds and retum8.' or
we have not recelved all thè inf0m￿tiOn and explanations we require for our audiL
Re5ponsibllltles of trustees
explained more fully In 1he Trustses, responsibilities statemtsnl, the Trustees are responsible for the
preparation of the financial statem8nls whTrch give a true and fair fftew, and for such intemal control as the
Truslees dgtemine is ne￿SSary to enab￿ the preparation of financial state[T￿ts that are free from materfal
misstatement. whether due lo fraud or error.
In preparing financial statements, the Trustees ar8 responsible for assessing the charivs ability lo continu8
as a going concern, disclosing, as applicable, matters related lo going concem and using thp going concern
basis of accounting unless the Trustees eithgr intend to liquidate Ihe charfty or to ￿ase operations, or have no
realistic allernalive but to do so.
Page 7

THE BENSON AND LIONEL BLACK CHAR￿ABLE TRUST
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BENSON AND LIONEL BLACK
CHARrrABLE TRUST (CONTINUED)
AudltOT'S responslbllltles for the audlt of the financlal ststamènts
W6 have been appointed as auditor under section 144 of the Charlties Act 2011 and rewrt In accordan¢o wlh
the Act and relevant regulations mad& or hav¢ng affect theiounder.
Our obj6ctives are lo obtain reasonable assurance about whelher tho financial statement5 as a whole are fre8
from mal&rlal mlsslalemenl. whether due to fraud or error, and to issue an Auditorfs foport that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee thal an audit conducted in
accordance with ISAS IUKI will detect a Tnaterial misststement when it exists. Misstalemenls can arise
from fraud or error and are considered mat8rial if. indivKlually or in Ihe aggregate, they could reasonably be
expected to irtftuence th8 economic decisions of usors taken on the basis of these financlal s18tements.
Irragularities. Induding frdud. are Instan￿ of nonvc0mpl1an￿ with18ws and regulations. We design procedures
in line with our responsibilities. outlined above, to detect material mi5Statemenls in respect of irregularilie5,
including fraud. The extent lo which our procedures are capable of detecting irregularities, including fraud is
detailed below..
We obtained an undarstarKllng of the legal and regulatory frameworks within whlch the charity op6rales, focusing
on those laws and regulations that have a direct effect on tho dglerminalion Df material amounts and éisdosures
in the fflnan¢lal statements. The laws and regulations we considered In thls Ix)nlext were the Charitie8 Act 2Q11
together with the Charities SORP {FRS 1021. We assassed the required complianc6 with these laws and
regulations as part of our audit procedur&s on the rolated financial statement items.
In addition, we considered provisions of other laws and regulations that do nol have a direct effect on the
financial statements but compliance wth whlch might be fundamental to the charity's ability to operate or to av￿￿
a materfal penalty- We also considered the opportunits.es and Incentives that may exist wlthln the charity for
fraud. The key laws and regulations we consKJered in this context were General Dats Protection Regulation, and
health and safely legislation. Auditing standards limrf( th8 required audit procedures lo identify non-wmpliance
with these laws and regulations to enquire of the Trustees and olher management and Inspection of regulalDry
and legal corresFX)ndence. il any.
We idenbfied the greatest risk of material impact on the financial ststements from Ir￿gu1a1rtieS, Including fraud,
lo be the ovenid8 of controls by management. Our audit proowlures to r¢5pond lo these risks included enquiries
of management 8nd the Board 8tKKrt their own identification and assessment of the risks of irregularities,
reviewn9 record keeping, reMewirvJ accounting 88tim8tes for biases, and reading minute8 of meeungs of those
charged with govemance.
Ovmng to the inherent Ilmitalions of an audit, ther8 is an Unavoidab￿ risk that we may not have d8t8¢t@d som8
wnalerial misslalements in Ihe finan￿al statement5. even though we havè properly planned and performed our
audit in accordance with audil'ng stsndards. For examplg, th8 further removed non-compllance with laws and
regulations lirregularitiesl is from the events and transadons reflected in the financial slatemenls, the less likély
the Inherently limiled procedures required by audibng standards would id8ntify it. In addition, as with any audll.
there remaineé a higher risk of non-del&ction of irregularities. as these may Invofve colluslon. forgery, intentional
omissions. misrepresenlalion5, or the ovèthde of intemal controls. W@ are not responsib￿ lor prevenUng
noncompliance and cannot be expected to detect non￿(￿npllan￿ with all laws and regulations.
A further description of our responsibilities for Ihe audit of the financial statements is located on th9 Financial
ReKK>rting Council's website at." www.frc.o
.uklauditorsres
nsibillties. This descripb'on fomis part of our
AuditOT'S report.
Page 8

THE BENSON AND LIONEL BLACK CHAR￿ABLE TRUST
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BENSON AND LIONEL BLACK
CHARrrABLE TRUST {CONTINUEDI
Ust of our report
Thls report is made solety lo Ihe charitys trustees, as a body. in accordance with Part 4 of th8 Charltle8
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale lo the
harivs trustees those matters we are required to slatg to them in an Audilorfs report and for no other purpose.
To the fullast extent permtrted by L4w. we do not a￿pt ur assume responslbility to anyong other than the charity
and its trusiees. as a tx)dy, for our audit work, for Ihis report, or fi)r the opinions w8 have fomgd.
UKUF
Crowe U.K. LLP
Chartèr8d Accountsnts
3rd floor
The Lexi¢on
Mount street
Manchester
M2 SNT
Date.. 3rd August 2023
Page 9

THE BENSON AND UONEL BLACK CHAR￿ABLE TRUST
STATEMENT OF FINATrICIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2022
Unr•strl¢tgd
funds
2022
Total
funds
2022
Total
funds
2021
Nots
Income from:
Dorhalions
Investments
Other income
3,004A42
339,213
11.099
3.004.442
339,213
11,099
540,000
2,679
Total Income
3.354.754
3,354,754
542,679
Expendllure on..
Charttable act1￿￿￿$
717,080
717.080
503,570
Total expendlture
717.080
717,080
503,5TO
Net m?vamont In funds
2,637.674
2,637,674
39.109
Reconclliatlon of funds:
Total funds brought forward
Nel movement in funds
279.318
2,637,674
279,318
2,637,674
240,209
39,109
Total funds carrlèd forward
2,916,992
2.916,992
279,318
The Statement of Finanoal Activrties includes all g8ins and bssos recognised in the year.
The notes on pages 13 10 22 fomi part of these financial statements.
Page 10

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
B￿ANCE SHE
AS AT S APRIL 2022
2022
2021
Flxod ass8ts
Investmonls
204.909
209,042
204,909
209,042
Curr¢nt ass¥ts
Cash at bank and in hand
2.719.025
T3,447
2,719,025
73,447
Cr8ditors.' amounts falling due within one
year
12
(6.9421
(3.171)
Not Gurrgnl assets
2,712,083
70,276
Total a6Sèts1oss current Ilabllltles
2.916.992
279,318
Net assfjts excludlng pension asset
2,916,992
279,318
Total not •ssots
2.916.992
279,318
Charlty funds
R8Stricled fLtnds
Unrestricted funds
2.916.992
279,318
Total funds
2,916,992
2T9,318
The finan(aal statements were approved and authorised
the Trus188S
on
oLlorliJ
8nd sign&d
Iheir behalf
Thg notes on pages 13 10 22 fomi part of theso finanual s18tem8nts.
Page11

THE BENSOM AND UONEL BLACK CHARITABLE TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 5 APRIL 2022
2022
2Q21
Cash flows from 0￿ratIng actlvttles
Net (*sh provided by op8rating activities
2,630,979
38,894
Cash flows from Invegtlng actlvltlès
Proceeds from sale of investments
14.599
Net cash provided by imiesting actlvltles
14,599
Cash flows from flnanclng actlvltles
Not cash provlded by financing actlvmèg
Change In cash and cash equiyalerrts in the yèar
Cash and cash equivalents al the beginning ofthe year
2,645,ST6
73N47
38,894
34,553
C￿h and cash equivalents at the end of the year
2.719.025
73,447
Th8 notes on pages 13 to 22 form part ot these finanaal staternenls
Page 12

THE BENSON AND UONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
General InformaUon
The charty was created on 18 February 1997 and was registered as a d￿rity with thè Charfty
Commisslon on the 10 Apnl 1997 (charity nurnber 1061764).
Accountlng poll¢le$
2.1 Basis of preparatlon of flnanclal stat•m•nts
The financial ststements have been prepared in ae4x)rdan(x wth the Charitses SORP IFRS 1021-
Accounting and RapL)rting by Chariti88'. Stat&menl of Recommended Practice applicable lo charities
preparing their accounts in accordance wkh the Flnanclal Rewrting Standard applicable in thè UK
and Republic of Ireland IFRS 102) (effective 1 January 20191, the Financlal Reporting Standard
applicable in the UK and Republlc of Ireland {FRS 1021 and the Charities Act 2011.
Th8 Benson and Lionel Black Charttable Trust meets the definition of a public ben8fil entity under
FRS 102. Assets and liabilities aw iniLalty recognised al histori(xl cost or transaction value unless
olherwse staled In the relevant aou)unting p)licy.
2.2 Golng ¢on¢em
The Covid-19 parKlemic h85 not had a signfftart Immediat& impact on the charitys operdlions. After
making appropriate enquiries. the trustees have a reasonable expe¢tation that the tharily has
adequate resources to contr'nue in operational existence for the foreseeable future. For this reason
they continue to adopt th6 going ¢xbncem basis in preparing the ffinancial statements
2.3 Incomlng R•sour¢¢$
l incom8 Is recognised once the Charity h85 8nbUem8nt to Iho InC￿rne. it is probab5e that the
Income wlll be received and the amount of incomè r￿1vab￿ can be measured reliab￿.
Income tax recoverable in reLgtion to Investment Income is rec￿nISed at the ￿me the Investment
income is re￿Nable.
Oiher income is recognised in the peri￿J in whlch il is receivable and to the extent the goods havo
been provided or on complotion of ihe servi￿.
Page13

THE BENSOM AND LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
Accountlng pollcles (conllnued)
2.4 Rèsources Expended
Ex￿ndItUre Is recognised onca there is a legal or constructtve obllgation to transfer economi¢ benèfit
lo a third party, it is probable that a transfer of economic bènefits ￿11 be required in sgtt1gm8nl and
the amount Df the obligation can be m8awred reliably. Expenditure is classified by actlvlty. The costs
of each activity are madg up of the total of direct costs and shared costs, induding suprx)rt Costs
inVo￿ed in u￿derta￿.ng each actwty. Direct costs attributable lo a singlg activity are allocated directly
to that actiwty. Shared costs whith contribute to more than one activity and support costs which ar8
not attributable to a single activity are apportioned between those activrties on a basis consislenl with
the use of resources. Central staff costs are alk)cated on the basis of ￿me spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charli8b￿ a(*vllles Is inujrred on directty undertaknng the oCtiviti8s which further the
Charitys objecb'ves, as well as any asswated support ￿Sts.
Grants p8y8ble ar8 charged in the year wh8n th8 offer is made except in those cases where the offer
is conditK)nal. such grants ￿ng re(x)gnised as expenditure when tho conditions attaching are
fulfilled. Grants off8r8d subj8Ct to conditions which hav8 nDt beèn met at the year end are notgd as a
commitment, bLrt not accrued as o￿n￿riu￿.
l expendrfcure is inclustve of irrerAiverable VAT.
2.5 Inter•st re¢elvable
Interest on fvnds h8ld on d9POSit is included when rece￿able and the amount can be msasurect
reliably by the Charity, this is nomially upon nDtification of Ihe Interest paid or payable by the Bank
2.6 Investments
Fixed asset investTnents 8re a forwn of financial instrutnent and a￿ initially recognised al their
transaction cost and subsequenuy measured at fair value al the Balance sheet dale, unkgss thè value
cannot be mèasured reliably in which case it is measured at cost less Impairment. Investment gains
and losse5, whether reali5ed OT unrealised. are cL)mbined and presented as 'G?insl{LossEsl on
investments, in the Statement of finanaal acbvibes.
Inveslmenls held a8 fixed assets are shown at cost less provision for impaimi8nl.
2.7 Cash at bank and In hand
Cash al bank and in hand includes cash and short temi highly liquid investments wlth a short
aturity of thr&e months or less trom the date of acquisition or opening of the dewsil or similar
acwunt.
Page 14

THE BENSON AMD LIONEL BLACK CHAR ￿ABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
Accountlng polleles Icontlnuad)
2.8 Liabllltl•s and provlslons
Llabllllles are recconised when th8re is an obligation at th8 Balance shget d818 as a ￿Ul1 of a past
event. il is probable that a transfer of economlc ￿nefft wlll be required in settlemenL and the amount
of the settlement can be estimated reliably.
Liabilities are ￿COgnised al the amount that Ihe Charity anliapat8s it will pay to settl8 the debt Dr the
amount it has received as advan(%d payments for th8 g¢x>ds or services it musl provide.
Provisions are measured at the best estimate of th8 amoun￿ required to settle the obligation. Where
th& effect of the time value of rnoney is material. the provision is based on the present value of thos
amounts, discounted at the pr&tax discount rate that reflects the risk5 specific lo the liability. The
unwnding of the discounl is re(x)gnis&l in the Statement of finanaal activities as a finan¢9 cost.
2.9 Flnancial instfumonts
The Charity only has financial assets and finanual liabiliti8s of a kind that qualify as baslc financial
instruments. Basic financial instruments are inriially recognised al transactiDn valu8 and subsequently
measured at their setUem8nl value with the exception of bank loans whl¢h ar? subsoquenlly
measured at amortised ￿8t using the 9118cllvo interest method.
2.10 Crltleal accounting 8Stimates and areas of Judgement
E51imat8s and judgments are conts"nualty evalual&J and are basgd on historical èxperlence and other
factors, includin9 expectstions of luture events Ihat are belleved lo be reasonabl8 ufKJer the
circumstsnces.
Critical accounting estimates and assumplions".
The charity has not made any estimates and assumptions conceming the futuie.
2.11 Fund accounling
Genèral funds are unrestricted furKls whidi are av8ilabk for use al the discretien of the Truste8s In
furtherance of the general objectives of the Charity and which have not been designated for othttr
purposes.
Inveslmgnl incom&, gains and losses are allocated to the apprt>priale fund.
Morgèr wlth Uonel Black Charitablo Trust
On 5th May 2021 the Trustees of The Lionel BLack Chantable Trust {charity no 11841441 passed a
resolution lo transfer the net assets of Ihe charity to The Benson Ar￿ Llonel Black Charitabl@ Trust. This
Tesulted in a gift arnOun￿ng to £l,(MM.442 received as a donation on 10th May 2021 in the accounts of
The Bénson and Lionel Blad( Charitable Trust. Post donation. The Lionel Black Charitable Trust was
woundup.
Page 15

THE BENSON AMD LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FIMANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
Incomè from donatlon8
Unrostrlcted
funds
2022
Total
fund5
2022
Donallons
3.004,442
3,004,442
UntB$tricled
funds
2021
Total
funds
2021
Oonations
540,000
540,000
Deta115 of Grarrts Payable- Instilutional
2022
2021
Grants payable to instiiubons
709.231
501,106
Totsl
7Q9.231
501,706
2022
2021
CST
Norwood
mmanuel college
Jewish Leadership Counal
Per&s Centre for Pea
Jewish Care
World Jewish Relief
35,000
25.000
70,000
33,009
35,000
100,000
21,750
25,000
71.000
25.000
35,DOO
100,000
271,481
25,000
UK Fnends of Yad Yisroel
The Fed
United Jewsh Israel Appeal
Other Grants less than £20,000
33,250
120,900
185,456
Totsl
709.231
501,706
Page16

THE BENSON LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FIMANCIAL STATEMENTS
FOR THE YEAR ENDED 5APRIL 2022
ets118 of Grants Payable - Instltutional (continued)
Grants were awarded to the above Instsiutsons In order to help fur￿ tho charitable sgrvlcos they provide.
Grants can be S￿[t into the followlng rAtagori8S:
Education and Youth
£92.075
Health and Welfare
£124,800
Communlty and Rellglous
£187.20CI
Public Education regarding Isra81 and Ihe MKldle East £187.206
Outdoors and Humanitariars
£96,000
£21.950
Education and Youlh
The Tru51 support5 organisalions who are engaged in the education of and the development of people,
often in the formative years of their lives.
Health and Welfare
The Trust supports oruanisations who help people who are ekjety. di8abled, or in need of asslslance. The
TNst also supports research into suence and medicine.
Communi
and R81-
ious
The Trust supports a range of tharrbes. predominanty in the Jewish communty, which protect and
strengthen cornmunlty cohesion and 8ngag8menl.
Public Educaknon re
ardin
Israel and the MKldle East
Thè Trust supports public understanding and educalion aiMwI and wthin Israel and the MKJdlo East
OutdoDrs and Suslainabili
The Trust supports a range of outd¢Jor. sustainabilrty. enwronmental and development causes.
Arts
The Trusts supports the arts and CU￿￿ra1 sector.
In 2022, of the total grants payable. £709,231 was to unrestricted funds and £NIL was lo restricted funds
12021.. £501,7Q6 Lsnreslricled. £NIL restricted lundsl.
Investment income
Unreytrictèd
funds
2022
Total
fvnds
2022
Totsl
funds
2021
Investment income
339,213
339,213
Page17

THE BENSON AND UONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
Other Income
UnrestrlGted
fund$
2022
Total
funds
2022
Other income
11,099
11.099
Unrgslrictod
fvnds
2021
Tolol
funds
2021
Other Ir￿oMe
2,679
2,679
An?lysl¥ of expendlture by ad]vltles
Aclivitios
undertaken
directly
2022
Grant
funding Elf
activities
2022
Support
costs
2022
Total
funds
2022
Professional fees
GTanl Funding
118
7,731
7.849
709,231
709,231
118
709.231
7.731
717,080
Activrf￿s
undwtaken
directly
2021
Grant
fvnding of
activities
Support
costs
Total
funds
2027
2021
2021
Prof&ssional fe8S
Grant funding
T9
1,785
1,864
501,706
501.706
79
507,706
1,785
5Q3,570
Paga 18

THE BENSON AND UONEL BLACK CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEPR ENDED 5 APRIL 2022
Audltorfs romun•ratlon
Audttor's remuneradon aTr￿unts to an audit fee of £4.200.
10. Trustees. remuneratlon and 8xpenses
During th& year. no Truste8s r￿1ved ary remuneration or other benefrts (2021- £NILJ.
During the year ended 5 April 2022. no Trustee expenses have bogn incurrod (2021- £NILJ.
11.
Flxed assot InV￿tments
Othar flxed
asset
Invèstments
Cost or valuation
Al 6 April 2021
Disposals
209,042
14133}
AI 5Apri12022
204.909
Net book valuè
Al 5 April 2022
204,909
AI 5Apn"12021
209,042
Unquoted sècurftlos and other inv•$tments
S 2022
2021
Rlsol Imports ￿Mited £1 Ord Shares {number of shares- 278}
Chièf rent8
204,909
204,90J
4, 133
204,909
209,042
All investments are stated at cost as falr value cannot b8 m8asur8d reliably. The net ass8ts of Rlsol
Imports Ltd al 31 January 2022 are £100.018.00012021: £80,956.0001.
The Benson and Llonel Black Charitable Trust owns 5.14% of Ihe shares of thg company.
Page 19

THE BENSOM AND LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMEFrrs
FOR THE YEAR ENDED 5 APRIL 2022
12. Crèdltors: Amounts falling duo wlthln ong year
2022
2021
Accruals and deferred income
6,942
3,171
13. Finan¢lal instruments
2022
2021
Financial assats
Finanoal assets measured at amorbsed cost
2,923.934
282,849
Financ4al assets measured 01 amortised ￿)st comprise cash at bank and investments al cost.
14. summary of funds
Summary of funds . ¢urr•nt year
Balance at 6
Aprfl 2021
Balance at 5
Aprll 2022
Income ExpDndlturg
General funds
279.318
3.354.754
(717,0801
2.916,992
Surnmary of funds- prfor year
Bal&nGe al
6 Apnl 2020
Bal8nGe al
Income Ewendilure 5 Apnl 2027
General funds
240,209
542,679
(503,570)
279,318
Pagg 20

THE BENSON AND LIONEL BLACK CHARffABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022
15. Analysls of nét assets betw•on funds
Analysls of net assets betwoen fvnds - Current year
Unrostrlct•d
lunds
2022
Total
funds
2022
Fixed ass81 inv8stm8nls
Current assets
Creditors due within one year
204,9t19
2,719,025
{6,9421
204,909
2,719,025
16,9421
Total
2,916,992
2,916,992
Anatysls of not assets b•tween funds . prlor year
UnTrstri¢l6d
funds
2021
Total
funds
2021
Fixed asset investments
CurT&nl assets
Creditors du8 wlhin one y8ar
209,042
73,447
(3,171)
2Q9,042
73,447
(3, 171)
Total
279,318
279,3q8
16. Roconclllatlon of net movement In funds to net cash flow from operatlng actlvltles
2022
2021
Net income for Ihe year {as per Statement of Financial Activities)
2.637.674
39,109
Adjustments for:
Gainsl(lossesl on investrnents
Increaselldecreasel in creditors
(10,4661
3.771
[215)
Not cash provlded by op8rntlng activitses
2.630,979
38.894
Pag& 21

THE BENSON AND UONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 5 APRIL 2022
17. Analysls of cash and ¢a$h gqutvalents
2022
2021
Cash in hand
2.719,025
73,447
Total cash and cash oquivahnts
2,719.025
73,447
18. Analys18 of ehangos In net debt
At 6 Aprll
2021 Cash flows
At 5 Aprfl
2022
Cash at bank and in hand
73.447
2,645.578
2,719,025
73.447
2,645,578
2,719,025
19. Related pa￿ transactions
During the prior year. a grant of £4,000 was made to Nightingale Hammerson, a chartfy for whom J Black
was a trustee.
During the year a grant of £100.000 was mad6 lo the Jewish Leadership coun￿1, 8 charily for whom K
Black Is a Irustee. A grant of £35.000 was also made to CST, a charity for whom K Black was a
trustee.
Page 22