Charlty number: 1061764
THE BENSON AND LIONEL BLACK CHARITABLE TRUST
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2024

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
CONTENTS
Page
Reference and admlnSstratlve detalls of the Charityg Its Trustees and advlsers
Trustees. report
Independent examiner's report
Statement of flnan¢lal actlvlties
Balance sheat
Statement of cash flows
10
Noies to the flnanclal stat8m8nts

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 5 APRIL 2024
Trust805
Mr K J Black
Ms J Black
Mrs T H Black
Mr N Young
Charlty reglstered
numbar
1061764
Principal offlce
Fiisol House
M8rcury Way, Dumplington
Urmston
Manchester
M417RR
Accountants
Crowe U.K. LLP
Ghartered Accountants
3rd floor
st G8org8's House
56 Peter Street
Manchester
M2 3NQ
Banker5
HSBC
11 Church Street
Warrington
Cheshire
WA12EY
Page 1

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees present their annual report together wilh the financial sts19ments of the Charity for tha 06 April
2023 to 5 April 2024,
Objectives and activitles
a. P¢liclas and objectlves
Trustees shall pay or apply the income of the trust fund to such chari118s or for such charilabl8 purposes as the
trustees determin@.
The Trustees meet these aims by making grants to charitable Institutions as set out in not8 5 to the accounts
In s8tting objectives and planning for activities, the Trustees have given due conslderalion to general guidance
published by the Charity Commission relating to public benefit, including the guldance 'Public banefil.. running a
charity (PB2)'.
b. Principal Activities, Objects and Review of the Trust
The charity was crealad on 18 February 1997 and was registered 8S 8 charity with the Charity Commission on
the 10 April 1997. The Irusl had been created and registered as a charity in order that the assets of an earlier
Injsl established by Mrs Helty Black on 26 March 1976 cou5d be transferred lo it. All the assels of the earlier
trusts were transferred to this trust with effect from 6 April 1998.
The truslees have wide discretionary power to donate the income arising in the trust for general charitable
purposes. Donations made in Ihe year were in accordance with the objectives of that Irusl.
K J Black is delegated by th8 truste&s to d8al with the day-to-day management of the charity, including arranging
th8 charitable activities reflecled in these accounts and obtaining appropriate advlce conc8rning investm&nls as
required.
The manag8ment of the trust is conducted solely by the trustees and Its actlvitles in Ihe year comprlsed the
financial management of its investments and the donation of the income arising in the trust, It has not
undertaken any wid@r charitable activities nor had it engaged volunteers in any activities.
In accordance with the objeds of the trust, the trustees aim to distribute trust funds for general charitable
purposes. The truslees plan to continue making distributions at similar levels lo the recent past subject to
sufficient income arising in the tNst to continue with that policy.
c. Publlc b8neflt
The Irustees dislribul& tha funds availabl8 in the trust for general charitable purposes. Details of the charitable
activities are listed in the accounts. The recipients are Ihemselves either regSstered charities or charitabl@ causes
and the donations made sUPPOrt the work they undertake, which includes educational activitigs and assisting
disadvantaged members of society. The trustees welcome applications for granls from a wide range of not for
profil organisations.
When planning the activities for the year the trustees have considered the Charity Commission's guidanc& on
public benefit.
Page 2

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Achievements and performance
a. Rovlow of actlvltlos
Income for the year was £177,550 {2023: £201,139>, total expenses were £967,825 (2023., £753,799) and there
was a net galn on investments in the ygar of £28,209 {2023,' £22,555}.. This produc@d a deficit for the year of
£764,066 {2023: Deficil of £530,105).
During the year grants of £968,778 (2023.. £748,193) were made to institutions. Unrestricted funds at th6 year
end were £1,622,82112023.' £2,386,887).
The charity aims to keep the level of grant awarded inline with the levels of income received.
b. Inv8slment policy and performance
The charity aims to generate a return on Investment al laast equal lo inflation to maintain the r8al valu6 of the
funds inv8Sted.
Flnanclal revlew
. Going concern
After making appropriate anquires, the trustaes have a reasonable 8xpect8lion that the charity has adequate
resources to continu8 in op8rational exislence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements. The Trust has considerable unrastricted funds
carried fomard of £1,622,821 12023.. £2,386,887) and has flexibility with regards to the grants they give to
organisations..
b. Reserves pollcy
The trustees consider that Ihe reserves of the Trust should be sufficient to guarantee the long term future of the
Trust. Free reserves at 5 April 2024 amount to £1,417,912 (2023: £1,159,423). The charity has a targ8t freg
reserves level of £nil as it has no financial commitments other than th& ext8nt to which it 8wards grant funding.
The trustees plan to utilise the fr88 r8S8rves over the next 2 years to bring In line with the reserve policy.
c. Prlnclpal fundlng
The principal funding of the trust is by dividends received from Risol Imports Limited and donations from Regatta
Lim ited.
Page 3

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Structuro, govomance and management
a. Constltutlon
The Benson and Lionel Black Charitable Trust is an unincorporated registered charity, The charlty registration
number Is 1061784. There have been no changes In the oblecllves since the last annual report.
The trustees who served during the yaar w8re as follows..
Mr K J Black
Ms J Black
Mrs TH Black
Mr N Young
All decisions are mad8 by the charity's trusteas.
b. Methods of appolntment or election of Trustees
Th8 management of th8 Charity is the responsibility of the Trustees who are elecled and co-opted under the
terms of the Trust deed.
Plans for future period5
The trust plans to conlinue to make grants to charitable institutions for the for8see8ble future.
Stat8m8nt of Trustees. responsibilities
The Trustaas are r8sponsible for preparing the Truste85' r&port and the financial statements In accordance with
applicab16 law and United Kingdom Accounting Standards (United Kingdom Generally Acceptad Accounting
Practice).
Th8 law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial which give a true and fair vlew of the state of affairs of the Charity and of its incoming resources
and applicalion of resourc8s, including its income and expenditure. for that period. In preparing these financial
slatemenls, the Tnjstees are required to:
salact suitable accountlng pollcies and Ihan apply them consistently.,
observe the methods and principles of the Charities SORP (FRS 1021.
make judgm8nts and accounling estimates that are rgasonable and prudent.,
state whether applicab5e UK Accounting Standards IFRS 102) have been followed, subject to any mat8rial
departures dlsclosed and explained in tha financial statements.,
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
Charity will continue in businass.
The Trustees are responsible for keeping adequate accounting records Ihat are sufficient to show and explain
the Charity's transactions and disclose with reasonable accuracy at any tim8 the financial position of the Charity
and enable them to ensure that the financial statements comply with the Charlties Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for tsking reasonable steps for the prevention and delection of
fraud and olher irregularilies.
P8ge 4

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Ap
ro
d by order of the me
ers
e board of Trustee
nd signed on their behalf by:
Black
Date.. 4 February 2025
Page 5

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 5 APRIL 2024
Independent Examlnerfs Report to the Trustees of The Bonson and Llonel Black Charitable
Trust {'the Charity.)
I report to the charity Trustees on my examlnation of the accounts of the Charity for the year ended 5 April 2024.
Responsibilities and Basis of Report
As the Trustees of thé Charity you ar8 responsible for the preparation of th8 accounts in accordance with the
requlremén18 of Iha Charilies Act 2011 {'the 2011 Act,).
I report in respect of my examination of the Charity's accounts cart18d out under section 145 of the 2011 Act and
in carrying out my examination I have followed th8 applicabl8 Directions given by the CharSty Commission under
section 145(5)(bl of the 2011 Act.
Independent Examiner's Statomont
Your attention is drawn to Ihe fact that the Charity has prepared the accounts in accordance with Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 1021 in
pr8f8rence to the Accounting and Reporting by Charities: Statement of Recommended Practica issu9d on 1 April
2005 which is referred to In the extant regulatlons but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and falr vlew in accordance with
the Generally Accepted Accounting Practlce effective for reporting periods beginning on or after 1 January 2015.
I have completed my examinalion. I confirm that no matters have come to my attention in connection wilh th
examination giving me cause to believe that in any material respect,,
accounting records w8r8 not kept In respect of the Charity as required by section 130 of the 2011 Act. or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concsrning the form and content of
accounts Set out in the Charities (Accounts and Reports} RegulatSons 2008 other than any requirement
that the accounts glve a 'true and faiff view which is not a matter consldered as part of an independent
examination.
I have no Goncerns and have come across no oth8r matters In connection with tha examination to which
attention should bg drawn In this report In order to enable a propar understanding of the accounts to be reached,
Page 6

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
This report is made $0181y to th8 Charitvs Trustees, as a body, In accordance with Part 4 of the Charltles
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charitrfs
Trustees those matters l am required to slate to them in an Independent examin8r's report and for no other
purpose. To the fullest extent permitled by law, I do not acc8pt or assume responsibility to anyone other than the
Charity 8nd tha Charitls Trustees as a body, for my work or for this report,
Signed..
Datsd.,
5th February 2025
Vicky Szulist ACA
Crowe U.K. LLP
Chartered Accountants
3rd Floor The Lexicon
56 Pater Street
Manchester
M2 3NQ
Page 7

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2024
Unr8Stricted
funds
2024
Total
funds
2024
Total
funcls
2023
Noto
Income from:
Investment income
Oth8r incom8
123,349
54.201
123,349
54,201
193,246
7,893
Total income
177,550
177,550
201,139
Expendlture on:
Charitable activities
967,825
967,825
753, 799
Total expenditure
967,825
967.825
753, 799
Net expendlture before net galns on Investments
Net galns on Investments
(790,275)
26,209
(790,2751
26,209
(552,660)
22,555
Net movement In funds
(764,066)
{764,066)
(530, 105)
Reconciliation of funds..
Total funds brought forwar
Net movement Sn funds
2,386,887
{764.0661
2,386,887
(764,066)
2,976,992
(530,105)
Total funds Carried forward
1,622,821
1,622,821
2,386,887
The Statement of Financial Aclivities includes all gains and Ios5e5 recognised in the year.
The notes on pages 11 to 21 form part of these financial statements.
Page 8

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
BALANCE SHEET
AS AT 5 APRIL 2024
2024
2023
Note
Fixed assets
Investments
204,909
1,227,464
204,909
1,227,464
Current assels
Debtors
Cash at bank and in hand
10
1,007,893
161,570
1,419,912
1.419,912
1, 169.463
Creditors.. amounts falling due within one
year
{2.000)
(10.040)
Net current assets
1,417,912
1,159,423
Total assets less current liabilities
1,622,821
2, 386,887
Net assets excluding pension asset
1,622,821
2.386.887
Total net assets
1,622,821
2, 386,887
Charity funds
Restricted funds
Unrestricted funds
1.622.821
2,386,887
Total funds
1.622,821
2,386,887
Th
nancial statements were
sidned on their behalf by-
authorise
for issue by the Trustees on 04 February 2025 and
Mr K J Black
The notes on pages 11 to 21 form part of these financial statements.
Page 9

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 5 APRIL 2024
2024
2023
Cash flows from operatlng a¢tiviti•s
Net cash provided by operating activities
{975,865) (750,701)
Cash flows from investing actlvltlos
Dividends, interests and renls from investments
Proce8ds from sale of investments
177,550
1,048,764
201, 139
Purchase of inveslments
(1,000,000)
Net cash providad byl{us8d in) investing activities
1,226,314
(798,861
Cash flows from financing activities
Loan to related party
Repayments of Loan
(1,007,893)
1,007,893
Net cash provided byllused In) flnan¢lng actlvltles
1,007,893 (1,007,893)
Change In cash and cash 8quivalonts in the year
Cash and cash equivalents at the beginning of the year
1,258,342 (2,557,455)
2,779,025
161,570
Cash and cash equivalents at the end of the year
1,419,912
161,570
The notes on pages 11 to 21 form part of Ihese financial statements
Page10

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
General Informatlon
The charily was created on 18 February 1997 and was registered as a charity wlth the Charity
Commission on the 10 April 1997 (charity number 10617641.
Accounting policles
2,1 Basis of preparation of financial statements
The financial statements have been prepared in accordanc8 with the Charities SORP {FRS 1021
Accounting and Reporting by Charities.. Stat8ment of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Slandard applicable in th& UK
and, Republic of Ireland IFRS 102) {effecllve 1 January 2019), tha Financial R8POrting Standard
applicable in the UK and R8public of Ireland {FRS 102) and the Chariti8s Act 2011.
The Benson and Llonel Black Charitable Trust meets the definition of a public benefit gntity under
FRS 102. Assets and Ilabilitles are initially recognisgd at historical cost or transaclion value unless
otheNis8 Stated in th8 relevant accounting policy.
2.2 Going concern
After rnaking appropriate enquiries, and in light of the Charilies strong balance sheet, the trustees
have a reasonable expectation that the charity has adequate resources lo continue in operational
existence for the foreseeable future, For this reason they continue to adopt the going concern basis
in preparing the financial slat8m8nts.
2.3 Incoming Resources
All income is recognised once th8 Charity has enli118m8nt to the income, it is probable that the
income will be received and the amounl of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised al the time the investment
income is receivable.
Olher incomg is recognisod in the period in which it is receivable and to the extent the goods have
been provided or on completion of the service.
P8ge11

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounling pollcles (contlnued)
2.4 Resources Expended
Expenditure is recognised once there is a legal or construclive obligation to transfer economic benefit
to a third party, it is probable thal a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activlty. The costs
of each activity are made up of the total of direct costs and shared costs. including support costs
involved in undertaking each activity. Dir@ct cost8 attributable to a single activity are allocated directly
to that activlty. Shared cosls which contribute to more than one actlvity and support costs which are
not attribLJtab18 to a single activity are apportloned between those actlvltles on a basis consistent with
the use of resources. Central staff costs are allocated on tha ba818 of tima sp8nt, and depreclatlon
charges allocated on the portion of th8 asset's use.
Expenditure on charitable aclivilles is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
Granls payable are charged in the year when the offer is made except in those cases where the offer
is conditional, such grants being recognised as expenditure whan the conditions attaching are
fulfilled. Grants offered subjact to conditions which have not been met al the year end are noted as a
commilm8nt, bul not accrued as exp8nditur8.
All expenditure is inclusive of Irrecoverable VAT.
2.5 Intergst receivable
Inleresl on funds held on deposit is included when receivable and the amc)unl can be measured
reliably by the Charity., this is normally upon notification of the interest paid or payable by the Bank
2.6 Investments
Fix&d assel investm8nl8 are a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance sh8et date, unSess th6 Value
cannol be measured reliably in which case it is measurad at cost18ss impairmant. Investment gains
and losses, whelher realisad or unrealised, are combined and presented as 'Gainsl(Losses) on
invastments, in Ihe Statement of financial activities.
Investments held as fixed assets are shown at cost less provision for impalrment.
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any Irade dlscounts due,
2.8 Cash at bank and in hand
Cash al bank and in hand includes cash and short term highly liquid Investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account,
Page 12

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accountlng pollcles Icontlnued)
2.9 Liabilitles and provlslons
Liabilities are recognised when there is an obligatlon al the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit wlll be required In settlement, and the amount
of th8 settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to seltle the debt or the
arnount It has received as advanced pawnents for tha goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the tlme value of money Is material, the provision is based on the present value of those
amounts, discounted at Ihe pre-tax discount rate that reflects the risks specific lo the liabilily. Th8
unwinding of the discount is recognised in the Slat6m@nl of fin8ncial activities as a finance cost.
2.10 Financial instruments
The Charfty only has financial assets and financial liabililies of a kind that qualify as basic financial
instruments. Baslc financial instruments are initially recognised at transaction value and subsequently
m8a8ured at their settlement value with the exception of bank loans which are subsequenlly
measured at amortiS8d cost using th8 8ff&ctiva inl8rest m8thod.
2,11 Critical accountlng estlmates and areas of Judgement
Eslirnates and judgments are continually evaluated and ar8 based on historical experi8nce and other
factors. including expectations of future events that are believed to be reasonable under the
circumstances.
Critical accounting estimates and assumptions..
Th8 charity has not made any estimates and assumptions concerning tha future.
2.12 Fund a¢countlng
General funds are unrestricted funds which are available for use at the discretion of the Trustegs in
furtherance of the general objectives of lh8 Charity ané which have not been dasignaled for other
purpos8S,
Investment Income, gains and losses are allocated to the appropriate fund.
Page 13

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
Invastment Income
Unrestricted
funds
2024
Total
funds
2024
Investment income
123,349
123,349
Unr$strict&d
funds
2023
Total
funds
2023
Inveslment income
193,246
193,246
other Income
Unrestricted
funds
2024
Total
funds
2024
Interest received on Loan
Other income
3Q,528
23,673
30,528
23,673
54,201
54,201
Unreslrioted
funds
2023
Total
funds
2023
Interest received on Loan
7,893
7,893
Page 14

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Analy$ls of grants
Grants to
Institutions
2024
Total
funds
2024
Grants payable to Institutions
968,778
968,778
Grants to
Institutrons
2023
Tot81
funds
2023
Grants payable to institutions
748, 193
748,193
Th& Charity has made the following material grants to institutions during the year..
2024
2023
Name of Institution
Arts
Community & Religious
Educ81ion & Youth
Heallh & Welfare
Outdoors & Humanitarian
Public Education Rg Isr6al and the Mlddle East
12.000
272,375
127,673
299,700
27,250
229,780
75,200
137,731
196,087
264.675
44,000
90,500
968,778
748, 193
P8ge 15

## **THE BENSON AND LIONEL BLACK CHARITABLE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024** 

## **5. Analysis of grants (continued)** 

We have chosen not to disclose the details of the recipients of grants made to institutions on the grounds that these details could seriously prejudice the furtherance of the purposes either of the recipient institution or of the charity itself. Below is the general purpose of these grants. 

## **Education and Youth** 

The Trust supports organisations that advance Jewish education, connection and culture, provide students with access to practical, welfare, spiritual, and educational support. Eighteen grants were provided for this purpose. 

## **Health and Welfare** 

The Trust supports organisations that provide support and care to Jewish people of all ages through services such as residential care, nursing care, supported living and mental health. Eighteen grants were provided for this purpose. 

## **Community and Religious** 

The Trust supports organisations that are dedicated to promoting a flourishing UK Jewish community, work to ensure that the British community values and respects the UK Jewish community and promote religious harmony. Thirty grants were provided for this purpose. 

## **Public education regarding Israel and the Middle East** 

The trust supports organisations with objectives to invest in young people and education in Israel and the UK Jewish Community, and the connection between the two communities, to ensure that the next generation is informed and motivated to learn about their Jewish identity and Israel. Seventeen grants were provided for this purpose. 

## **Outdoors and Humanitarian** 

The Trust supports organisations across the globe that work to share expertise and respond to emergencies along with Israel's national medical emergency, disaster, ambulance and blood service. Five grants were provided for this purpose 

## **Arts** 

The Trust supports organisations that aim to promote Jewish knowledge, Israel engagement and mental well-being through our work with Israeli culture. Three grants were provided for this purpose. 

|**6.**|**Analysis of expenditure by activities**|**Activities**<br>**undertaken**|**Grant**<br>**funding of**|**Support**|**Total**|
|---|---|---|---|---|---|
|||**directly**|**activities**|**costs**|**funds**|
|||**2024**|**2024**|**2024**|**2024**|
|||**£**|**£**|**£**|**£**|
||Professional fees|367|968,778|(1,320)|**967,825**|



Page 16 



THE BENSON AND LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Analysi8 of exp&ndituro by activiti&s (continued)
Activities
undertaken
directly
2023
Grant
funding ol
activities
2023
Support
costs
2023
Total
funds
2023
Professional fees
366
748, 193
5,240
753, 799
Audltor's remuneralion
F88s payable to the Charity's independent examiner for the independent examination of Ihe Charitys
annual accounts were £1,470 {2023: £1,400).
Trust8es' remuneration and expenses
During tre ygar, no Truste8s r8ceiv8d any remuneration or other b8nefits (2023 - £NIL)-
During the year ended 5 April 2024, no Trustee expenses have been incurred (2023 - £NIL).
Fixed a8S8t investments
Other flxed
asset
invostmenls
Cost or valuallon
At 6 April 2023
204,909
At 5 April 2024
204,909
Net book valu
At 5 April 2Q24
204,909
At 5 April 2023
204,909
Page17

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Unquotod sacurltlos and othor Invostmènts
2023
2022
Risol Imports Limited £1 Ord Shares (number of shares- 2781
204,909
204, 909
204,909
204,909
The Risol Imports investment is stated at cost as fair value cannot be measured reliably, The net assets
of Risol Imports Ltd al 31 January 2024 are £1 D4,073,000 (2023: £101,572,000),
The B8nson and Lionel Black Charitable Trust owns 5.140k of the shares ofthe company.
10.
D8blors
2024
2023
Due wlthin on8 yoar
other debtors
I,OQ7,893
1,007,893
11. Creditors: Amounts falling due within one year
2024
2023
Accruals and deferred income
2.000
10,040
Page 18

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
12.
Financial instruments
2024
2Q23
Flnanclal assets
Financial assets measured at amortised cost
1,419,912
2,39S,927
2024
2023
Flnanclal Ilabllltles
Financial liabilities measure at fair value at amortlsed cost
2,000
70,040
Flnancial assets measured al amortised cost comprlse cash at bank, debtors and Investments at cost.
Financial liabilities measured at amortised cost comprise accruals.
13. Summary of funds
Summary of funds - current year
Balanca at 6
April 2022
Gainsl Balance at 5
(Lossos) April 2024
Income Expènditure
G8neral funds
2,386,887
177,550
(967,825)
26,209
1.622,821
Summary of funds - prlor year
Balance 81
6 April 2022
881ance al
Income Expenditure 5 April 2023
General funds
2,916,992
223, 694
(753, 799) 2,386,887
Pag8 19

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
14. Analysls of net assets between funds
Analysis of net assels between funds . current period
Unrestrlcted
funds
2024
Total
funds
2024
Fixed asset invastments
Current assets
Creditors due within one year
204,909
1,41g.g12
{2,000)
204,909
1,419,912
(2.000)
Total
1,622,821
1,622,821
Analysls of net assgts between funds - prior perlod
Unrestricted
funds
2023
Total
funds
2023
Fixed asset investments
Current assets
Creditors due within one year
1,227,464
1.169,463
(10.040)
1,22T,464
1,169,465
(10,040)
Total
2,386,887
2,386,887
15.
Reconclllatlon of net movement In funds to net cash flow from operating activitios
2024
2023
Net 6xpenditur8 for the period (as per Statement of Financlal Activities)
1764,066)
(530,105)
Adjustments for..
Gain on investments
Dividends from investments
Interest income
Incr@aselldecrease) in credltors
(26,2091
(22,555)
(123,349) (193,244)
{54,201)
(7,894)
(8,040)
3,098
Net cash used in operating activities
(975,865)
(750, 70QJ
Page 20

THE BENSON AND LIONEL BLACK CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
16. Analysis of cash and cash equlvalonts
2024
2023
Cash in hand
1,419,912
167,570
Total cash and cash equivalents
1,419.912
161,570
17. Analysls of changes in net debt
At 6April
2023 Cash flows
At 5 Aprll
2024
Cash al bank and in hand
161,570
1,258,342
1,419,912
161,570
1,258,342
1,419,912
Related party transactions
During tha prior year, a loan was granted to Reg8lta Limited for £1,007,893, a related party to the Trust.
This was fully repaid in the year,
During the year a grant of £125.000 (2023.. £100,000) was made to the Jewish Laad6rship Council, a
charity for whom K Black is a trusl88,
Page 21