2025-04-05-accounts

Charity number: 1061764

THE BENSON AND LIONEL BLACK CHARITABLE TRUST

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 5 APRIL 2025

THE BENSON AND LIONEL BLACK CHARITABLE TRUST

CONTENTS

	Page
Reference and administrative details of the Charity, its Trustees and advisers	1
Trustees' report	2 - 5
Independent examiner's report	6 - 7
Statement of financial activities	8
Balance sheet	9
Statement of cash flows	10
Notes to the financial statements	11 - 22

THE BENSON AND LIONEL BLACK CHARITABLE TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2025

Trustees	Mr K J Black
	Ms J Black
	Mrs T H Black
	Mr N Young
Charity registered number 1061764 Principal office Risol House Mercury Way, Dumplington Urmston Manchester M41 7RR Accountants Crowe U.K. LLP Chartered Accountants 3rd floor St George's House 56 Peter Street Manchester M2 3NQ Bankers HSBC 11 Church Street Warrington Cheshire WA1 2EY

Page 1

THE BENSON AND LIONEL BLACK CHARITABLE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025

The Trustees present their annual report together with the financial statements of the Charity for the 06 April 2023 to 5 April 2025.

Objectives and activities

a. Policies and objectives

Trustees shall pay or apply the income of the trust fund to such charities or for such charitable purposes as the trustees determine.

The Trustees meet these aims by making grants to charitable institutions as set out in note 5 to the accounts

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Principal Activities, Objects and Review of the Trust

The charity was created on 18 February 1997 and was registered as a charity with the Charity Commission on the 10 April 1997. The trust had been created and registered as a charity in order that the assets of an earlier trust established by Mrs Hetty Black on 26 March 1976 could be transferred to it. All the assets of the earlier trusts were transferred to this trust with effect from 6 April 1998.

The trustees have wide discretionary power to donate the income arising in the trust for general charitable purposes. Donations made in the year were in accordance with the objectives of that trust.

K J Black is delegated by the trustees to deal with the day-to-day management of the charity, including arranging the charitable activities reflected in these accounts and obtaining appropriate advice concerning investments as required.

The management of the trust is conducted solely by the trustees and its activities in the year comprised the financial management of its investments and the donation of the income arising in the trust. It has not undertaken any wider charitable activities nor had it engaged volunteers in any activities.

In accordance with the objects of the trust, the trustees aim to distribute trust funds for general charitable purposes. The trustees plan to continue making distributions at similar levels to the recent past subject to sufficient income arising in the trust to continue with that policy.

c. Public benefit

The trustees distribute the funds available in the trust for general charitable purposes. Details of the charitable activities 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 includes educational activities and assisting disadvantaged members of society. The trustees welcome applications for grants from a wide range of not for profit organisations.

When planning the activities for the year the trustees have considered the Charity Commission's guidance on public benefit.

Page 2

THE BENSON AND LIONEL BLACK CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

Achievements and performance

a. Review of activities

Income for the year was £833,552 (2024: £177,550), total expenses were £831,586 (2024: £967,825) and there was a net gain on investments in the year of £Nil (2024: £26,209). This produced a surplus for the year of £1,966 (2024: Deficit of £764,066).

During the year grants of £829,251 (2024: £968,778) were made to institutions. Unrestricted funds at the year end were £1,624,787 (2024: £1,622,821).

The charity aims to keep the level of grant awarded inline with the levels of income received.

b. Investment policy and performance

The charity aims to generate a return on investment at least equal to inflation to maintain the real value of the funds invested.

Financial review

a. Going concern

After making appropriate enquires, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. The Trust has considerable unrestricted funds carried forward of £1,419,878 (2024: £1,622,821) and has flexibility with regards to the grants they give to organisations..

b. Reserves policy

The trustees consider that the reserves of the Trust should be sufficient to guarantee the long term future of the Trust. Free reserves at 5 April 2025 amount to £1,419,878 (2024: £1,417,912). The charity has a target free reserves level of £nil as it has no financial commitments other than the extent to which it awards grant funding. The trustees plan to utilise the free reserves over the next 2 years to bring in line with the reserve policy.

c. Principal funding

The principal funding of the trust is by dividends received from Risol Imports Limited and donations from Regatta Limited.

Page 3

THE BENSON AND LIONEL BLACK CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

Structure, governance and management

a. Constitution

The Benson and Lionel Black Charitable Trust is an unincorporated registered charity. The charity registration number is 1061764. There have been no changes in the objectives since the last annual report.

The trustees who served during the year were as follows:

Mr K J Black Ms J Black Mrs TH Black Mr N Young

All decisions are made by the charity's trustees.

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

c. Grant making policy

The charity provided grants to other charitable institutions within the Jewish Community in order to help fund the charitable services they provide.

d. Risk policy

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

e. Fundraising

The charity had no fundraising activities requiring disclosure under S162A of the Charities Act 2011.

f. Charity Governance Code

The Trustees intend to apply the Charity Governance Code and are currently assessing current areas of compliance and areas where improvements are to be sought

Plans for future periods

The trust plans to continue to make grants to charitable institutions for the foreseeable future.

Page 4

THE BENSON AND LIONEL BLACK CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles of the Charities SORP (FRS 102);

• make judgments and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with 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 assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Mr K J Black

Date: 26/02/26

Page 5

THE BENSON AND LIONEL BLACK CHARITABLE TRUST

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2025

Independent Examiner's Report to the Trustees of The Benson and Lionel Black Charitable Trust ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2025.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

Your attention is drawn to the 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 Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

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THE BENSON AND LIONEL BLACK CHARITABLE TRUST

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Kathryn Paul Crowe U.K. LLP Chartered Accountants 3rd Floor St George's House 56 Peter Street Manchester M2 3NQ

Dated: 3 March 2026

Page 7

THE BENSON AND LIONEL BLACK CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025

Note Income from: Donations 3 Investment income 4 Other income 5 Total income Expenditure on: Charitable activities Total expenditure Net income/(expenditure) before net gains on investments Net gains on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Unrestricted funds 2025 £ 500,000 286,790 46,762 833,552 831,586 831,586 1,966 - 1,966 1,622,821 1,966 1,624,787	Total funds 2025 £ 500,000 286,790 46,762 833,552 831,586 831,586 1,966 - 1,966 1,622,821 1,966 1,624,787	Total funds 2024 £ - 123,349 54,201 177,550 967,825 967,825 (790,275) 26,209 (764,066) 2,386,887 (764,066) 1,622,821

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 11 to 22 form part of these financial statements.

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THE BENSON AND LIONEL BLACK CHARITABLE TRUST

BALANCE SHEET AS AT 5 APRIL 2025

							2025	2025			2024	2024
			Note				£				£
Fixed assets
Investments			11				204,909				204,909
							204,909				204,909
Current assets
Cash at bank and in hand	Cash at bank and in hand				1,421,878				1,419,912
					1,421,878				1,419,912
Current liabilities
Creditors: amounts falling due within one
year			12		(2,000)					(2,000)
Net current assets							1,419,878				1,417,912
Total assets less current liabilities	Total assets less current liabilities						1,624,787				1,622,821
Net assets excluding pension asset							1,624,787				1,622,821
Total net assets							1,624,787				1,622,821
Charity funds
Restricted funds							-				-
Unrestricted funds							1,624,787				1,622,821
Total funds							1,624,787				1,622,821
The financial	statements	were	approved	and	and authorised		for issue		by	by the	Trustees on
26/02/26and signed on their behalf by:

Mr K J Black

The notes on pages 11 to 22 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 2025

Cash flows from operating activities Net cash provided by operating activities Cash flows from investing activities Dividends, interests and rents from investments Proceeds from sale of investments Net cash provided by investing activities Cash flows from financing activities Repayments of Loan Interest received Net cash provided by financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year The notes on pages 11 to 22 form part of these financial statements	2025 £ (331,586) 286,790 - 286,790 - 46,762 46,762 1,966 1,419,912 1,421,878	2024 £ (975,865) 177,550 1,048,764 1,226,314 1,007,893 - 1,007,893 1,258,342 161,570 1,419,912

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THE BENSON AND LIONEL BLACK CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

1. General information

The charity was created on 18 February 1997 and was registered as a charity with the Charity Commission on the 10 April 1997 (charity number 1061764).

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The Benson and Lionel Black Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

After making appropriate enquiries, and in light of the Charities strong balance sheet, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

2.3 Incoming Resources

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

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THE BENSON AND LIONEL BLACK CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

2. Accounting policies (continued)

2.4 Resources Expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. 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. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Grants 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 when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the Bank

2.6 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.

Investments held as fixed assets are shown at cost less provision for impairment.

2.7 Cash at bank and in hand

Cash at 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.

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THE BENSON AND LIONEL BLACK CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

2. Accounting policies (continued)

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the 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 time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.9 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.10 Critical accounting estimates and areas of judgement

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The charity has not made any estimates and assumptions concerning the future.

2.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Investment income, gains and losses are allocated to the appropriate fund.

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THE BENSON AND LIONEL BLACK CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

3. Income from donations

Unrestricted funds 2025 Total funds 2025 £ £ Donations 500,000 500,000 4. Investment income Unrestricted funds 2025 £ Investment income 286,790 Unrestricted funds 2024 £ Investment income 123,349 5. Other income Unrestricted funds 2025 £ Interest received 46,762	Total funds 2024 £ -
	Total funds 2025 £ 286,790
	Total funds 2024 £ 123,349
	Total funds 2025 £ 46,762

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THE BENSON AND LIONEL BLACK CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

5. Other income (continued)

Interest received Other income	Unrestricted funds 2024 £ 30,528 23,673 54,201	Total funds 2024 £ 30,528 23,673
		54,201

6. Analysis of grants

Grants payable to institutions Grants payable to institutions	Grants to Institutions 2025 £ 829,251 Grants to Institutions 2024 £ 968,778	Total funds 2025 £ 829,251
		Total funds 2024 £ 968,778

The Charity has made the following material grants to institutions during the year:

Grant purposes Arts Community & Religious Education & Youth Health & Welfare Outdoors & Humanitarian Public Education Re Israel and the Middle East	2025 £ 34,354 234,050 188,172 173,200 15,500 183,975 829,251	2024 £ 12,000 272,375 127,673 299,700 27,250 229,780
		968,778

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THE BENSON AND LIONEL BLACK CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

6. 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 even more 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.

7. Analysis of expenditure by activities

	Activities	Grant
	undertaken	funding of	Support	Total
	directly	activities	costs	funds
	2025	2025	2025	2025
	£	£	£	£
Professional fees	571	829,251	1,764	831,586

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THE BENSON AND LIONEL BLACK CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

7. Analysis of expenditure by activities (continued)

	Activities	Grant
	undertaken	funding of	Support	Total
	directly	activities	costs	funds
	2024	2024	2024	2024
	£	£	£	£
Professional fees	367	968,778	(1,320)	967,825

8. Auditor's remuneration

Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts were £1,540 (2024: £1,470).

9. Staff costs

During the year, the charity incured £Nil (2024: £Nil) staff costs.

The average number of staff during the year was Nil (2024: Nil).

No employee received remuneration amounting to more than £60,000 in either year.

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 5 April 2025, no Trustee expenses have been incurred (2024 - £NIL) .

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THE BENSON AND LIONEL BLACK CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

11. Fixed asset investments

Cost or valuation At 6 April 2024 At 5 April 2025 Net book value At 5 April 2025 At 5 April 2024 . Unquoted securities and other investments Risol Imports Limited £1 Ord Shares (number of shares - 278)	2023 £ 3,093,423 3,093,423	Other fixed asset investments £ 204,909
		204,909
		204,909
		204,909
		2022 £ 204,909 204,909

The charity’s fixed asset investments were revalued during the year by an independent qualified valuer. This valuation resulted in an increase in fair value of £2,888,514 (2024: £Nil), which has been recognised as a gain in the Statement of Financial Activities.

The Benson and Lionel Black Charitable Trust owns 5.14% of the shares of the company.

12. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	2,000	2,000

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THE BENSON AND LIONEL BLACK CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

13. Financial instruments

Financial assets Financial assets measured at amortised cost Financial liabilities Financial liabilities measured at amortised cost	2025 £ 1,626,787 2025 £ 2,000	2024 £ 1,624,821
		2024 £ 2,000

Financial assets measured at amortised cost comprise cash at bank and fixed asset investments.

Financial liabilities measured at amortised cost comprise accruals.

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THE BENSON AND LIONEL BLACK CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

14. Summary of funds

Summary of funds - current year

General funds Summary of funds - prior year Balance at 6 April 2023 £ General funds 2,386,887	Balance at 6 April 2022 £ 1,622,821 Income £ 177,550	Income £ 833,552 Expenditure £ (967,825)	Expenditure £ (831,586) Gains/ (Losses) £ 26,209	Balance at 5 April 2025 £ 1,624,787
				Balance at 5 April 2024 £ 1,622,821

15. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted funds 2025 £ Fixed asset investments 204,909 Current assets 1,421,878 Creditors due within one year (2,000) Total 1,624,787 Analysis of net assets between funds - prior year Unrestricted funds 2024 £ Fixed asset investments 204,909 Current assets 1,419,912 Creditors due within one year (2,000) Total 1,622,821	Total funds 2025 £ 204,909 1,421,878 (2,000)
	1,624,787
	Total funds 2024 £ 204,909 1,419,912 (2,000)
	1,622,821

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THE BENSON AND LIONEL BLACK CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

16. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the year (as per Statement Activities) Adjustments for: Gain on investments Dividends from investments Interest received Increase/(decrease) in creditors Net cash used in operating activities 17. Analysis of cash and cash equivalents Cash at bank Total cash and cash equivalents 18. Analysis of changes in net debt Cash at bank and in hand	of Financial At 6 April 2024 £ 1,419,912 1,419,912	2025 £ 1,966 - (286,790) (46,762) - (331,586) 2025 £ 1,421,878 1,421,878 Cash flows £ 1,966 1,966	2024 £ (764,066) (26,209) (123,349) (54,201) (8,040) (975,865) 2024 £ 1,419,912 1,419,912 At 5 April 2025 £ 1,421,878 1,421,878

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THE BENSON AND LIONEL BLACK CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

19. Related party transactions

During the year a grant of £105,000 (2024: £125,000) was made to the Jewish Leadership Council, a charity for whom Mr K Black is a trustee.

During the year, donations of £500,000 (2024: £Nil) were received from Regatta Limited, a company for which Mr K Black and Ms J Black are directors.

During the year, investment income of £286,790 (2024: £123,349) was received from the investment held in Risol Imports Ltd, a company for which Mr K Black, Ms J Black, Mrs T H Black, and Mr N Young are directors.

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