Charity hum￿r. 1061764
THE BENSON AND LIONEL BLACK CHARITABLE TRUST
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2023

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
CONTENTS
Pag8
Reference and admlnlstratlve detalls of the Charity, Its Trustoès and advisèrs
Tru$tèe$' report
Indapendont examinèrfs report
Statsment of financlal actlvltles
Balan¢9 shaot
Stat•mènt of cash Ilows
10
Note5 to the financial statemonts

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 5 APRIL 2023
Tru$tg0$
Mr K J Black
Ms J Black
Mrs T H Black
Mr N Young
Charlty r¢glstered
number
ll￿1764
Principal office
Risol House
Mer¢uryWay. Dumplington
Umislon
Manchester
M41 7RR
Accountants
Crowe U.K. LLP
Chartered Acxountants
3rd floor
Thg Lexicon
Mount Street
Manchester
M2 5NT
Bankors
HSBC
11 Churth Street
Warrington
Cheshire
WA12EY
Page 1

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2023
The Trustees present their 8nnu81 report together wmlh the financial statements of the Charity for the 06 April
2022 10 5 April 2023.
Oblo¢tlvg$ and actlvltle$
a. Pollci•s and oblectlves
Trustees shall pay or apply the income of the trust fund to such charibes or for such charitable purposes as the
trustees dglermin8.
The Trustees meet these aims by mthng grants to charitable instituuons as sel out in note 5 lo tho accounts
In 8elts.ng objectives and planning for ac1ivities, the Trustees have given due consideration to generdl guidance
published by the Charity Commission relab.ng to putAic benefit. including the guidance 'Public benefrt.. running a
charity {P821'.
b. Prlnclpal Actlvltles. Oblocts and Revlew of th• Trust
The charity was created on 18 February 1997 and vras registered as a charitywllh the Charity Commission on
the 10 April 1997. Thg trust had been created and registered as a charity in order that the assets of an earlier
trust estsblishod by Mrs Hetty BLgck on 26 Maich 1976 wuld be transferred to it. Aji the assets of the earlier
trusts wère transferred to this trust y￿th effect from 6 April 1998.
The tNslees havfj wide discretionary power lo donate the income arising in the trust for general Gharitsble
purposes. Donations made in the year We￿ in accordance the objectwes of that trust.
K J Black is delegal8d by th8 Injstees to deal with th& day-l￿daY management of the charity, in¢luding arranging
the charllable activities reflected In accounts and obtaining appropriate advice conceming investrnenls as
reoulred.
The management of the trust is conducted solety by the trustee5 and Tts activities in the year comprised the
financial management of its inveslrr,ents and the donation of the income arising in the trust. 11 has not
undertaken any wder charitable activths nor had it erwJaged volunteers in any actNtti85.
In accordance with the objects of the trust, tt)e tTuslees aim to distribute trust funds for general charitsble
PUTposes. The trustees plan to continue maknng distribU￿.0ns at simiL4r levels lo the recent past subject lo
sufficient income arising in Ihe trust to Continue wth that w>li¢y.
Publlc beneflt
The Irvslees distribute the funds available in the trust for general ctharitable purposes. Details of the charitabl&
acliwlies are listed in the accounts. The recipients are themselves either registered charities or charitable causes
and the donations made support the work they undertake, which indudes educational aG￿VI￿e5 and assisting
disadvanlaged mETnber5 Df sO￿ety. The tJustees wel¢>Jme applicatsons for grants from a wde range ol not for
profit organi5ations.
When planning the activities forthe year the trustees have rjjnsidered the Chariiy Comrllission's guidance an
public benefit.
Page 2

THE BENSON AMD LIONEL BLACK CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED
FOR THE YEAR ENDED 5 APRIL 2023
Achievemonts and pgrfom)anc8
a. Rgvlgw of a¢￿vItIeS
Income for the year was £201,139 12022: £3,354,754). total 8xpensgs were £753,799 12022.. £717,080) and
ther8 was a nel gain on invfjslmenls in the year of £22.555 (2022.. £nil}.. This produced a defidt for the year of
£530,10512022.' Surplus of £2.637,674}.
During the year grants of £748,193 {2022'. £709,231) were made to institutions. Unrestricted funds al the year
end were £2,386,88712022.' £2:916.992).
The charity a'.ms lo keep the level of grant awarded Inline with the levels of income received.
b. Inv&8tment policy and performance
The charity aim5 to generdle a reknm on investment at leasl equal to infiation to maintsln the real value of the
funds inv8Stad.
On 18 May 2022, th8 trust made an investment of £1.000,000 wth Northgm Trust. This has gTown by £22,555 by
05 April 2023.
Flnanclal re¥￿W
. Going concern
AfteT making appropriat& enquiras, thè trustees have a re850nabk expectstion that the charity has adequate
resource8 to Continue in operational e￿Sten￿ for Ihe foreseeable futur6. For this raason, they continuè to 8dc>pt
the going concern basis in preparing the financial statements. The Trust has considerable unrestricted funds
carried forward of £2.386,887 12022.. £2,916.9921 and ha5 flexibility wrth regards to the gmnls they give lo
organisalions..
b. Reserves policy
The trustees ¢onsider that the reserves of the Trust should be suffiaenl to guarantee the long term futuw of the
Trust. Free reserves at 5 April 2023 amount to £1.159,42312022'. £2,712,C1831. The charity has a largel free
reserves level of £nil as it has no financial ¢ommiknent5 Other than the extent to which it awards grant funding.
The trusteès plan to uliliso the Iree reserves over the next 2 years to bring in line with the reserve poly.
c. Prlncipal funding
The prlncipal fundSng of the tnjst is by dividends re￿iVed from Risol Imports ￿MIted and donations from Regatta
Limited.
Page 3

THE BENSON WID LIONEL BLACK CHARITABLE TRUST
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2023
Structurè, governan￿ and managemgnt
Constltutlon
The Benson and Lionel Blad( Charitable Trust is an unincorporated registered charity. The charity regislradon
number is fj061764. There have been no changes in the objectives since the last annual report.
The trustees who served during the yearwere as follows:
MrKJBlad
Ms J Black
Mrs TH Black
Mr N Young
All decisions arè mad8 by the charitys InJsle8s.
b. Methods of appolntment or ole¢tlon of Trustees
Th? management of the Charity Is the responsibility of the TTUStees who are elected and co-opted undar the
terms of the Tw* deed.
Plans for fuluro perlods
The trust plans lo continue lo make grants to charitable institutions for the foreseeable future.
Statement of Trustees. re$ponsibilltl•$
The TNstee5 are responsible for preparing ihe Trustees, repui the financial stalem8nts In accordance with
applicable law and Unitgd Kingdom Accountsng Standards {United Kingdi)m Generdlty Accepted Accounting
Praclicel.
The law applicable to charities in England & Wales requires the Trustees to prepare financi81 stslemenls for
each financial which give a true and fair wew of Ihe state of affairs of the Charity and of its incoming resources
and application of resources. including its Income and expenditure. for that pèri[￿. In preparing hos8 financial
statements, the Trustees are required to..
select suitable accounting pdictes and then apply them consistently.
observe the methods and principles of the Charities SORP {FRS 1021-
makè judgments and accountin9 eslimates tha: are reasonab￿ and pmdenl.,
stale whether applicable UK Accounting Slandards IFRS 1021 have been folbwed. subject lo any material
departures disdosed and explained in the financial statements.,
prepare the financial slalemenls on the going concem basis unless il is inappropri8te to pr&sum& that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting recoFd5 that are sufficignl lo show and explain
the Charitys transactions and disclose with reasonable accuracy al any time the finanGial posillon ol the Charity
and enable them to ènsure "that the finanoal statem8nis comply ￿th the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the as5els of the Charity and hen￿ for taking reasonable steps for the prevention and detection of
fraud and other irregu18rities.
Pag¢ 4

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED S APRIL 2023
Approved by order of th&
embers of-the board of Truslee
and signed on their behalf by..
Mr K J Black
Dale.. IT January 2024
Page 5

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 5 APRIL 2023
Independent Examlnerfs Report to the Trustsos of Thg Benson and Llonel Black Charltable
Trust I'the Charity'l
I report to the charty Twstees on my examination of the acccyjnls of Ihe Charity for the year ended S April 2023,
Responslbllltles and Basis of Report
As th8 Trus188s of thè Charity you are re8FM)nsible for Ihe p￿paration of the acccyjnls in accordance with the
requlremonls of tha Charbties Act 2011 lthe 2011 Acfl.
I report in respect of my examlnatlon of the Charivs acctyjnts carried under sedon 145 of tho 2011 Act and
n Carrying out my examination I have followed the applicable Directions given by the Charty Commission undw
section 14515llbl of the 2011 Act.
Independent Examln*r's Statamgnt
Your attention Is drawn to the fact that the Charity has prepared the accounts in accordance with A￿UntIng and
Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in
accordance wlh the Financial Reporting Standard applicable in the UK and Republi¢ ol Ireland IFRS 1Q21 in
preference to the A¢counting and Reporling by Charities.. Slalement of R8commgnd8d Practicè issued on 1 April
2005 whid) Is referred to in the extant regulations but has been withdrawn.
l understand that this has bgan done in order for the a￿O￿nts to provide a true and fair view in accordance with
the Generalty Acceple(l AGcountSng Practice effecbve for reporting periods beginnlng on or aftor 1 January 2015.
I have completed my examination. I confinn Ihat no matters have come to my ali8ntion in (£Jnneclion the
examination giving me cause to believe that in any material respecL'
accounting rgcords were not kept in respect of the Charity as required by section 130 of the 2011 Act,. or
the accounts do not accord with those rgcord5; C
Iho accounts do not Comply wtth the 8pplicAble iequirements concerning the forni and conlenl of
accounts sel out in the Charities (Accounts and Reports) Regulatlons 2008 other than any requlroment
that the accounts give a 'true and faif ￿fjW which is not a matter consldered as part of an independent
examination.
I have no concems and have come across no other mattars in connection Nwth the examination to which
attention should be drawn in this rewrt in orderto enable a proper understsnding of the accounts to be reached.
Page 6

THE BENSON AND LIONEL BLACK CHAR￿ABLE TRUST
IMDEPENDENT EXAMINER'S REPORT ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2023
Thls repDrt is made Sole￿ to the Chaiivs Trustees, as a b(HJy. In accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has LEen undertaken so that I might state to the Charivs
Trustees those matters l am required to stsle to them in an Independent examinerfs report and for no other
purpose, To the fullest extent permitted by law. I do not accept or assume respon5ibilily to anyone other than th@
Charity and the Charitys Trustees as a body. for my work or for this report.
Slgn8d.'
Dated: 6th Febrnary 2024
Vicky Szullst ACA
Crowe U.K. LLP
Chartgred Accountants
3rd Floor The Lexicon
Mount Strgel
Manchester
M2 5NT
Page 7

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENOED 5 APRIL 2023
Unr•strlct8d
funds
2023
Total
funds
2023
To181
funds
2022
Income from:
Donations
Inveslmgnl Income
Other income
3.004.442
339.213
11,099
193,246
7,893
193,240
7.893
Total In¢omo
201,139
201,139
3,354,754
Expendlture on:
Charitable activities
753.799
753,799
71T,080
Total expondlturo
753,799
753,799
717.080
Net lexpendlture)Ilncome before net gains on
inve5tsnents
1552.660)
22.555
1552.660)
22.555
2,637,674
Net gains on inv8Stm8nts
Net movement in funds
(530,1051
{530,1051
2,637,674
Reconciliation of funds:
Total lunds brought fotward
Net movement in funds
2.916,992
{$30,105}
2,916,992
{530,1051
279.318
2,637,674
Total funds carried forward
2.386.887
2,386,887
2,918,992
The Statement of Flnanaal Activities indudes all galns and losses recognised in th8 y8ar.
The notes on pages 11 to 21 form part of these financial slal8ments.
Page 8

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
BALANCE SHEET
AS AT 5 APRIL 2023
2023
2022
Note
Fixed assets
Snvestments
10
1,227,464
204,909
1,227,464
204,909
Currènt assets
Debtors
Cash al bank and in hand
1,007,893
161,570
2, 719,025
1,169,463
2,719,025
Creditors.. amounts falling due within Dne
yaar
12
110,0401
(6,942)
Net current assets
1.1 S9,423
2, 712,083
Total assèts less current liabilitie5
2,386,887
2,916,992
Net assets excluding pension assat
2,386,887
2,916,992
Total net a55etS
2,386,887
2,916,992
Charity funds
Reslricted ftjnds
Unreslricled funds
2,386,887
2,916,992
Total funds
2,386,887
2,976,992
The fina
signed on
cial slalemenls
heir behalf by.
ere approved and aulhorised lor issue by th8 Trustges on 17 JanLJary 2024 and
Mr K J Black
The noles on pages 1110 21 form part ol these financial slalements.
Page 9

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 5 APRIL 2023
2023
2022
Cash flows from operatlng actlvllles
Nel cash provided by operating act￿￿e$
1750,7011 2,630,979
Cash flow5 from investing aetivities
Dividends, interests and rents frorn investments
Proceeds from sale of investments
Purchase of investrnents
201.139
14,599
(1.000,0001
Net cash lU￿d InVpr¢)vlded by Invgstlng a¢tfvitks
1798,861)
14.599
Cash flows from flnanclng actlvltles
Loan lo related party
{1.007,893
Net cash (used In}Iprovlded by flnanclng a¢tivltios
11,007.893)
Change In cash and cash equlvalents In the year
Cash and cash equivalents al the beginning of the year
12.557,4551 2,645,578
2,719,025
73,447
Cash and cash equlvalents at the •nd of the year
161.570
2,719,025
The notes on pages 11 10 21 form part of these financial st2tements
Pagè 10

ThE BENSON AND LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FINMCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
General Informatlon
The charity was created on 18 February 1997 and was r￿aistered as a charity with the Charity
Commission on the 10 April 1997 {cb.ariiy number 10617641.
Accounting policlos
2.1 Basis of preparation of Ilnan¢lal statsments
The finanual statements have been pr8par8d in accordance with the Charities SORP IFRS 1021-
Accounting and Reporting by Charities- StsleTnenl ol Recomrnended Practice appli¢abl8 lo charities
preparing their accounts in accordanc4 wilh the Financial Reporting Standard applicable In Ihg UK
and Rapublic of Ireland {FRS 102) leffeclNe 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charrties Act 2011.
The Benson and Lionel Black Charttable Tnjst meets Ihe dgfinillon of a public bonefil enllty under
FRS 102. Assets and liabilits.es are initialty recognised al historfcal cost ortransaction value unless
olhemse staled in Ihe relevant a￿u￿ting policy.
22 Going ooncern
After making appropriate enquiries, and in IwJhl of the Charili8s strong bal8n¢& sheet, th? Iruslees
have a reasonable 8xpèctstion that the charity has 8dequale resources lo continue in operational
existence lor the foreseeabfe future. For this ￿sOn they continue to adopt the going concern basis
in preparing the finanrAal Statem￿ts.
2.3 Incomlng Rgsources
I Incorne Is recogni5ed On￿ the Chartty has entrtlemenl to tha incomo, il is probablo that tho
income will be receNed and the 8mUnt of income receivable can be m8asuTed reliably.
Income tax recoverable in relation to investment income is recognised al the time the inveskn8nt
income is receivable.
Other income is recognised in the Peri￿ in whith ti is receivable and lo the extent the goods have
been provided or on completion of the servi￿.
Page11

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED SAPRIL 2023
A¢counUng pollcles Icontlnued)
2.4 Resourcès Expend•d
Expendilure is recognised On￿ there is a legal or ￿nStruthe obligation to transfer economic b&n8fit
lo a third p8rty, It is probablè that 8 transfèr of economic bènèfits ￿11 b8 raquired in settlernenl and
the arnount of the obligation can be measured reliabty. Expenditure is classrfied by activity. The Costs
ol each activity are made up of the lotal of diTect costs and shared costs, including suppor. costs
Invo￿ed in undertaking each a¢tivty. Direct ￿$ts attributable lo a single activity are allocated dirèdly
lo that acllvity. Shared costs whlch contribute lo more than one activity anLI support costs which ar8
not attributable lo a single actNity are apportiorLed between those activities orh a basis consislenl wlth
Ihe use of resources. Central staff costs are allocated on the basis of time spgnt, and depr8cialion
charges allocated on th8 potlion of the asset's use.
Exp8ndilure on charilabl8 actniities is incurred on dir8cty undertaknng the activities which further the
Charitys objeGtivg3, as well as any assouated support costs.
Grants payable are d￿rged in the year when the offer is made except those cases whem the offer
is conditional. such grants being rewnised as expèndrture when the conditions attaching ar&
fulfilled. Grants offered subject to conditions whiGh have not b8en met at the year end are noted as a
commitment, but not accxued as expenditure.
l exp8ndtture Is incluslve of Irrecoverable VAT.
2.5 Intorgst recolvable
Inleiesl on funds held on depostt is included when receivable and the awnount can be measured
reliably by the Charity., this is normally upon nottfication of the interest paid or payable by the Bank
2.6 Inve8tmonts
Fixed asset inveslmenls are a fomi of fi￿n081 instrument and are initially recognised at their
transaction coyt and subsequendy measured 8t fair value at the Balance sh@6t datè, unlèss the value
cannot be measured reliably in vthich case il is measured at cc)st less impaimenl. Inveslmanl gains
and losses, whether realised or unrealised. are combined and pmsented as 'Gains/lLosse81 on
nvestmenls, in the Slatement of financial acbvib'8S.
Investments h8ld as fixod assèts ar8 shown at cost less prowsion for Impairment.
2,7 Debtors
Trade and other debtors are recognised al Ihe settkmenl amount after any trade discount offered.
Prepayments are valued at the amount prepaid rbel.of any trade diS￿unIS due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short temi highly liquMI investments with a short
maturity of three months or less from the date of a¢quisition or Dp&ning ol thg deposit or slmllar
account.
Page 12

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
Accountlng poliGSe$ {contlnued)
2.9 Llabllltles and provlsions
Liabilitigs are re￿gniSed when there is an oblig8tw)n at the 881an¢e sheet dale as a result Df a past
event, it is probablè that a transfer ol ewnomic benefit will be required in settlemenL and the amount
of Ihe selllement can be estimated reliabty-
Liabilities are rgmgnised at the amount Ih81 the Charity anticip8les il will pay lo settle the dèbl or th8
amount il has recelved as advance(i payTnents for the goods or $8rvicgS it must provide.
Provisions are measured at the best estimate of the amoun15 required ID S8tUe the obligation. Where
the effect of the time value of rnoney is material, the provision is based Dn the prgsenl value of those
amounts, discounted at the pre-tax discwnt rat8 that rgflgcls the risks speafic lo the liability. The
unwinding of the discount is re¢ognised in the Ststement of financial activities as a finance cost.
2.10 Flnanclal Instrumont5
The Charity only has finanual assets and financial liabilTh"e5 of a kind that qualify as basic financial
instrumonts. Basic fingnoal instruments are inib'ally recognised at transaction value and subsequently
measured at their settlement valu8 With thg gx¢8plion of bank loans which are 8ubsequenlly
m8asur8d at amortiS8d cost using the effectbve interest rnethod.
2.11 Crltlcal accounting estimates anil areas of Judgement
Esb'mates and judgments are continually evaluate(l and are based on historical experience and other
factors, including expectations of fulLbre events that are b81ieved lo bg reasonable under the
circumstances.
CriUcal accounting estimates and assumplions..
The charily has not made any estimates and assumptions tt)neeming the future.
2.12 Fund accounting
General furKIs are unrestricted fund9 which are availab￿ for use al the diS￿ellOn of the Trustees in
furtherance of the general objecttves of the Charity and whic* have not been dèsignated for other
purposes.
Investment income. gains and losses are allocated to the appropriate fund.
PBge13

THE BENSON AND LIONEL 8LACK CHARrrA8LE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
Income from donatlon$
Unrestrithd
funds
2023
Total
funds
2Q23
Donations
Unrestricted
fvnds
2022
Total
funds
2022
DonalK)ns
3.004,442
3,004,442
Invesbnent Income
Unrestrlctod
fund6
2023
Totsl
fund$
2023
Inveslmenl income
193.246
193,246
Unrestrlcled
fijnds
2022
Total
funds
2022
Investmer71 income
339,213
339,213
Pag914

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2023
othèr Income
Unre$trlct8d
funds
2023
Total
funds
2023
Other income
7,893
7,893
Unrestricted
funds
2022
Total
funds
2022
Other incom&
11,099
11,099
Analysis of grants
Grants to
Institutlons
2023
Total
funds
2023
Grants payabl& to institutions
748,193
748,193
Granls lo
Inslrtulions
2022
Total
fvnds
2022
Grants payable to Instilutions
709,231
709,231
The Charity has made the followng material grants to institutions during the year..
Page15

THE BENSON LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
Analysls of grants {contlnuedl
2023
2022
Name of In$titutlon
J8wsh Leadershlp Council
Follicular LJThphoma Fourn1ation
The Fed
DrDr Eshbal
United Jewish Israel appeal
CST
J8wish Care
Norwtrjd
Peres cent￿ for Po8¢8
World Jewish Relief
UK Fr￿ndS of Yad Yisroel
Oth8r Grants less than £20.000
100,000
S0.IXIO
45.000
41.178
41,000
35,000
30,000
25,500
23.084
15.000
100,000
35,000
loo,000
35,000
25.000
25,000
21.750
71,000
25,000
271.481
342,431
748,193
TOg,231
Analy$ls of vxpendlture by activities
Actlvltlas
ndertaken
diredly
2023
Grant
fundlng of
actlvhles
2023
Support
costs
2023
Total
funds
2023
Professir)nal fees
748,193
5.240
753,799
A¢tiwtie$
undertaken
dimcély
2022
Grant
fvnding 01
8GtAVAties
2022
Support
costs
2022
Total
rund$
2022
Professional fees
118
709.231
7.737
717,080
Page 16

ThE BENSON AND LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
Audltofs remuneration
Fees payabl6 lo the Charitys independent examiner for the independènt examination of the Charivs
annual a¢(￿u￿15 were £1,400. In th8 prior year the Auditorfs remuneralion amounts lo an audit fee of
£4,200.
Trustees. remuneratlon and axpenses
During tho ygar, no Trustees received any remuneration or other beJn8fits (2022- £NIL).
During the year gnded 5 Ap￿1 2023, no Trustee expenses have been In(xJrrod (2022- £NIL).
10. Fixed asset Inv6stm•nts
Other ffxed
asset
Inv¥stmtrnts
Cost orvaluation
Al 6 April 2022
Additions
204,909
1,022,555
At 5 April 2023
1.227.464
Ngt book value
At 5 April 2023
1227.464
At 5 Aprftl 2022
204,909
Page 17

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
Unquoted securltles and other investments
2023
2022
Risol Imports Limited £1 Ord Shares {numbor of shares- 2781
Aurum Investments
204,909
1,022,555
204,909
1.227,464
204,909
The Risol Imports investment is ststed at (x)st as fair value cannot be measured reliably. The nel assets
of Rlsol Imports Ltd at 31 January 2023 are £101.572,000 {2022.. £100,018,000)
The Benson and Llonol Black Charttable Trust owns 5.14% of the shares of the company.
The AuTum Investment Is slated at mark8t valu& as the fair value can be reliably measured.
The cost on acqLJisilion dale 118 May 20231 was £1,OOD,000. At financial year end, this grew lo
£1,022,555.
11. D¥btors
2023
2022
Due within one year
other debtors
1.007,893
1.007.893
12. Cr•dltors'. Amounts falling due within one year
2023
2022
Accruals alld deferred income
10,040
6,942
Page 18

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
13. Flnanclal Instruments
2023
2022
Flnan¢lal assets
Fin8n¢ial assets measured at amortised cost
2,396.927
2,923,935
2023
2022
Flnanclal Ilabllltles
Financial liabilittes measure at fabr value at amorbsed cost
10.040
6.942
Financial assets measured at amortised cost ￿MpriSe ￿$h al bank, debtors and investments al wst.
Finanaal liabilities measurod at 8mortisa(I cost comprise accruals.
14. Surnmary of fvnds
Summary of funds - current year
Balance at 6
Aprfl 2022
Balance at S
April 2023
Income Expenditure
General funds
2,916.992
223,694
(753.799} 2.386,887
Summary of lund$ - prlor year
Balan￿ al
6 Apnl 2021
Bslance al
Income Expenditure 5 Apnl 2022
General funds
219,318
3.354, 754
(717,080) 2.916,992
Page 19

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 PSIRIL 2023
15. Analysls of net assets between funds
Analysls of net ass8ts ￿t*•en lunds . ¢urrnnt year
Unrestricted
funds
2023
Total
funds
2023
Fixed asset inveslmenls
Current 8ssel8
Creditors due within one year
1,227,464
1.169,463
110,0401
1.227,464
1.169,463
110,0401
Total
2,386,887
2,386,887
Analysis of net assets batwggn fvnds- prior year
UnTrstricted
funds
2022
Total
funds
2022
Fixed asset inv8Stmenls
Current assets
Credllor5 due within one year
204,909
2, 719,025
(6.942)
204,909
2,719,025
{6,942)
Total
2,916,992
2,916,992
16.
Reconclllatlon of net movement In fvnds to nèt cash flow from operatlng actlvltlgs
2023
2022
Nel incomelexpenditure for the year {as per Ststsment of Financial
Activities)
1530,105) 2,637,674
Adjustments for.
Gain on inveslmgnls
Dividends frown investrnents
Interest income
Increase in creditors
122,$551
1193.2441
17,8941
3,098
(10,466J
3, 771
Net cash provldod byllused In) operating activities
{750,700} 2,630,979
Page 20

THE BENSON AND LIONEL BLACK CHARITA8LE TRUST
NOTES TO THE FINANCIAL STATEMEMTS
FOR THE YEAR ENDED S APRIL 2023
17. Analysls of cash and cash èqulvalgnts
2023
2022
Cash in hand
161,570
2.719,025
Total ¢a$h and cash equivalents
161,570
2, 719.025
18. Analysis of changes In net debt
At 6 April
2022 Cash flows
At 5 Aprfl
2023
Cash al bank and in hand
2,719.025
12.557.455)
161,57Q
2,719.025 12,557,455)
161,570
19. Related party transaction5
During the year, a loan was granted lo Regatta Limited for £1.007.893. a related party lo the Trust.
During the year a grant of £100,000 {2022.' £100,000) was made to th6 Jebwsh Leadership Council, a
Charity for whom K Black is a trustee.
Page 21