THE BLYTH WATSON CHARITABLE TRUST TRUSTEES. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 REGISTERED CHARITY No. 1071390 THE BLYTH WATSON CHARITA8LE TRUST TRUSTEES. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 CONTENTS Page REPORT OF THE TRUSTEES 14 REPORT OF THE INDEPENDENT EXAMINER STATEMENT OF FINANCIALACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENTS 8-13 THE BLYTH WATSON CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021 The charity's trustees are pleased lo present their annual Iruslees, reFK)rt together with the financial slalemenls ol the charity for the year ended 30 June 2021. Reference and Administration Details Full nsme.. The Blyth Walson Charitable Trust Registered Charity number.. 1071390 Principal address". BDB Pilmans LLP One Bartholomew Close. London, EC1A 7BL Trustees.. Mr Edward Nicholas William Brown {relired on 23 March 20211 Mr Alastair John Calvert Collett Elizabeth Ann Neale (appointed on 23 March 20211 Adminislralors BDB Pitmans LLP One Bartholomew Close, London, EC1A 7BL Independent Examiner.. Price Bailey LLP Tennyson House Cambridge Business Park Cambridge C84 OWZ Investment advisers.. Ralhbones Investment Management 8 Finsbury Circus, London, EC2M 7AZ Structure, Govèrnance and Managemen¢ The trust is governed by clause 7 01 the Will of Mrs Hilda Blyih (nee Walsonl dated 19 April 1974 who died on 1 September 1997. The Trust was &slablished in accordance with the terms of Mrs Blyth's Will in April 1998. Fund5 were derived from Mrs Blyth's own eslale snd from funds held in her husband's Will Trust over which she had a general power of appointment by Will. Mrs Blyth chose lo appoint professional Iruslees under the terms of the Will, with Mr E N W Brown being an original appoinlmenl. He retired as a Iruslee in the year. He is a Consultant in the firm ol BDB Pitmans LLP. The other Iruslees are Alastair Collell 2nd Elizabeth Neale who are partners al BDB Pilmans LLP. 11 is anlicipaled that Ihe conlinuing Iruslees would be iesponsib1e for Ihe indu¢lion and training of new Ifuslees. New Iruslees are provided with copies ol the charity's documents and meet wilh continuing Iruslees, and adminislralors if requested in order lo gain an understanding ol the chaiily. The Board are the key management of the charity. Page 1 THE BLYTH WATSON CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021 Oblectlves and Aettviti•s The trust was established lo apply the trust funds and the income arising lo or towards such charitable purposes, charitable institutions or charitable foundations in such proportions as the trustees shall in their absolute discretion think fit. Taking into accounl what was known of the wishes of Mrs Blyth, the truste&s have decided as a general rule lo make grants for the public benefit towards humanitarian causes based in Ihe UK. wilhoul excluding the possibility of considering all appeals brought to Iheir noli¢e. In general terms, the Iruslees consider applications for grants al their meetings wh￿h are held twice 2 year usually in JLJne and December, and agree whether a cause meets their criteria and provides a public benefit. In special ¢ircLJmslances the Iruslees have in the past agreed lo make loans lo suitable causes, which may be a prelude lo an oulrighl orant. Their general policy is lo make one off grants although il does not prevent them supporting some causes on a regular basis. Generally the trustees support registered charities. Ri$k Management The Iiustees have assessed the major risks to which the eharity is exposed, in particular those risks related lo the investment strategy. They are satisfied that adequate procedures are in place lo mitigate exposure lo these risks, although il Is recognised Ihal systems can only provide reasonable, not absolute, assLJrance. The Iruslees are well aware of the impact of the COVID-19 pandèmic on the charity's finances. The reduction in the value of illveslmenls in the previous year has then reversed in the year to 30 June 2021 generally with recovery beyond pre-pandemic levels and the observed reduction in income in the year lo 30 June 2021 has nol continued into Ihe current year and trustees anticipate being also lo maintain the level of grant awards. Fundralslng The charity's Income Is generated from the investments held, il does not undertake fundraising a¢livilies, il is nevertheles5 mindful of the code issued by the fundraising regulator. The charity has nol received any complainls during the year bul if il ever did receive a ¢omplainl, this would be reviewed immediately by the trustees and Irealed with Ihe utmost seriousness. Achlevements P&rformznc8 and Pvblic Benefit. Al the hall-yearly meelings, Ihe Iruslees reviewed the grant applications received and previous donations made. The Iruslees decided lo continue lo provide fullds on an annual basis lo various Charities Ifurther details in note 81. 11 was agreed al their meetings lo usually make individual grants no grealer than £7,000. The Iruslees noted the level of appeals received, which in most cases fell within their criteria, bul continued lo feel that their pallein of grant making would provide the besl level of benefit rather than spreading the funds loo thinly. They maintained a policy of being open lo having causes which would benefit the public, recommended lo them as worthy of support and refer lo the Charity Commission's general guidance on publi¢ benefit when reviewing the Irusl's aims 2nd objectives when deciding on the grants lo be made. The trustees plan lo continue lo meet on a bi-annual basis lo review the achievements and performance of the charity as well as lo agree on dislribulions to be made lo UK based registered Charities with a guideline of £50,000 lo £55.000 per meeting. Page 2 THE BLYTH WATSON CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021 Financial R&view Investment Policy and Performance The Iruslees have instructed Ralhbones Inveslmenl Management lo advise on their invesimenls. They have an Investment Policy Slalemenl in place. Their policy is lo maintain a balance between capital and income with a high level of fisk, as defined by the managers. The Iruslees had sel a largel for a minimum income of £140.000 per annum 130/0) from the portfolio. The inveslmenl manager has informed the trustees that their income may still be affected by the covid pandemic bul lo a much lower level than before. The Iruslees will continue lo review this and advice from the managei throughout the year. The investment manager provided a detailed report and allended one meeting. The Iruslees accepted the overall performance ol the portfolio and professional advice provided, given the currenl market conditions, and continue to review the portfolio al their regular meetings. Reserve3 Pollcy The Iruslees have expressed the wish lo maintain their endowment, distributing the income arising They agreed lo make dislribulK)ns of £S0,OQO lo £55,QOO per meeting and are prepared lo use the Expendable Endowment Fund for this purpose. Any surplus will be retained on the Unreslricled Fund rather than as a specific reseNe. Given the funds in hand, they should be in a position lo meet any commitments rather than relying on a specific reserve, particularly as il is not their policy lo commit lo projects. The Iruslees consider the level ol reserves shown in the a¢¢ounls with a view lo making additional dislribulions in future years. In the year the nel income after expenditure was £116 12020.. £23,977) for the Unreslricled Fund. The Unreslricled Fund balance of £212,862 on 30 June 2021 12020.. £272,746) will be available for distribution which the Iiuslees can consider in future years. The Endowment Fund had borrowed 2 total of £139,749 of unreslricled funds al 30 June 2021 12020.. £137,694). Flnanclal Activiti&s The trust received income of £126.60412020.. £141.0001. Al Ihe year end the Iiusl funds were held in investments and cash. Total expenditure was £155,926 12020.. £148.8711. Fundraising costs and administrative costs had been kept under review. Fundraising costs and part of the adminislralion costs are charged lo the expendable endowmenl.. £29,438 12020. £31,848). The trustees noted the realised and unrealised gains and losses on their investments.. nel gains of £814,471 12020.. net losses £232.0071, refle¢ling the overall stock market situation. They decided lo ¢onlinue their policy of using a guideline of £50,000 10 £55,000 per meeting for grants, accepting there may bè occasions when slightly more was distributed and also are mindful ol the impact on income as a result ol the COVID-19 Crisis. Provision has been made for the adminislralion fees paid lo 8DB Pilmans LLP who carry out the adminislialion of the fund and the fees of the independent examiner. Going Concern The trustees have reviewed the financial position, level of reserves and fulLJre objects of the chaiily and have concluded that il is reasonable lo expeel that the trust has adequate resources lo conlinue in opeialional existence for the foreseeable future. For this reason they conlinue to adopt the going Concern basis in the preparation of the financial stalemenls. Page 3 THE BLYTH WATSON CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021 The Iruslees have assessed the trust's requirements for the foreseeable future, including the Irusl's contingency plans if the investment income is significantly reduced. and are confident that sufficient funds will be available lo enable operations lo continue al a sustainable level for a period of al least 12 months from the dale of approval ol these financial slalemenls. The Trust therefore continues to adopt the going concern basis in preparing ils financial slalemenls. As such, the financial slalemenls have been prepared on a going concern basis as the trustees believe that no malttrial uncertainlies exist. STATEMENT OF TRUSTEE RESPONSIBILITIES The Iruslees are responsible lor preparing the TrL)Stees' Report and the financial slalemenls in accordance with applicable law and United Kingdom Aeeounling Standards Iuniled Kingdom Generally Accepted Accounting Praclicel. The law applicable lo ¢harilies in England & Wales requires Ihe trustees lo prepare financial slalemenls for each financial year which give a true and fair view of the slate ol affaiis of the charity and of the incoming resources and appli¢alion of resources of the charity for that period. In preparing these financial slalemenls, the Iruslees are required lo.. Select suitable accounting policies and then apply them consislenlly., Observe the methods and principles in the Charities SORP 2019 IFRS1021'. Make judgements and eslimales that are reasonable and prudent., Slate whether applicable accounting standards have been followed. subject lo any material departures disclosed and explained in the financial slalemenls., and Prepare the financial slalemenls on the going concern basis unless il is inappropriate lo presume that the charity will continue in business. The Iruslees are responsible for keeping proper accountin9 records that disclose with reasonable accuracy al any lime the financial position of the charity and enable them lo ensure Ihal the financial slalemenls comply wilh the Charities A¢1 2011, the Charity (Accounts and Reports) Regulaliolls 2008 and Ihe provisions ol the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps lor the prevention and detection of fiaud and other irregularities The Iruslees confirm that they have complied with Ihe duly in Section 17 01 the Charities Act 2011 to have due regard lo the public benefit guidance published by the Charity Commission in determining the activities undertaken by the charity. Alastair John Calvert Collett Trustee Date Page 4 THE BLYTH WATSON CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BLYTH WATSON CHARITABLE TRUST FOR THE YEAR ENDED 30 JUNE 2021 I report lo the charity Iruslees on my examination of the accounts of the charity lor the year ended 30 June 2021 which are sel out on pages 6 10 13. Responsibilities and basls of report As the charity's Iruslees you are responsible for the preparation of the accounts in accordance with the requirements ol the Charities A¢1 2011 I'lhe Acl'l. I report in respect of my examination of the charity's accovnls Carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by Ihe Charity Commission under section 14515llbl of Ihe Act. Independent examiner's statement I have completed my examination. I conliim that no material mallers have come to my allenlion in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act", or the accounts do not aecord with those records., or the accounts do not comply with the applicable requiiemenls concerning the form and conlenl of a¢counls sel out in the Charilies IA¢¢ounls and Reports} Regulalions 2008 other than any requirement that the accounts give a 'lrue and fair view. which is not a maller considered as part of an independent examination I have no cOn￿rnS and have Come across no other matters in Connection with the examinalion lo which allenlion should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Martin Clapson FCA For and on behalf of Price Bailey LLP Tellnyson House Cambridge Business Park Cambricsge CB4 OWZ Dale 25 April 2022 Page 5 THE BLYTH WATSON CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES IINCLUDING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 30 JUNE 2021 UNRESTRICTED EXPENDABLE FUND ENDOWMENT TOTAL 2021 TOTAL 2020 Notes Income and Endowments from Inveslmenls 126,604 126,604 141,000 Total Income 126,604 126,604 141,000 EXPENDITURE ON RaSsing Funds 20,040 20.040 19,425 Charitable Activities 126.488 9,398 13S,886 129,446 Total Expenditure 126,488 29,438 155,926 148,871 NET INCOMEIIEXPENDITUREI 116 129,4381 129,3221 17,8711 Net gains I Ilossesl on investments Net Movement in Funds 814,471 785,033 814,471 1232.0071 116 785,149 1239.8781 Reconciliatlon of Funds Fund Balances broughl forward 212,746 4.650,476 4,863.222 5,103.100 TOTAL FUNDS CARRIED FORWARD AT 30JUNE 2021 212,862 £ 5,435.509 £ 5,648.371 £ 4,863,222 Page 6 THE BLYTH WATSON CHARITABLE TRUST BALANCE SHEET AS AT 30 JUNE 2021 Notes 2021 2020 Fixed Assets Investments 5.576,376 4,791,230 Current Assets Cash 140.321 83,452 Less: Croditors Amounts falling due within one year 68,326 11,460 Net Current Assets 71,995 71.992 Total Net Assets 5,648,371 £ 4,863,222 Represented by: Expendable Endowment Unrestricted Fund 5,435,509 212,862 4,650,476 212,746 Total Funds 5.648,371 £ 4,863,222 The notes on pages 8 10 13 fom part ol the financial slalemenls Approved by the Iruslees on.. .and sign on their behalf by Alastair John Calvert Colletl- Trustee Charrty registration No. 1071390 Page 7 THE BLYTH WATSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 1. Accounting Pollcles The principal accounting policies adopted, judgements and key sources ol eslimalion uncertainty in the preparation of the financtal slalemenls are as follows.. Basis of accounting The finanei81 slalemenls have been prepared in accordance with A¢counling and Reporting by Charities.. Slalemenl of Recommended Praclice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, the Charities Act 2011 and UK Generally Aceepled Accounting Practice. The financial slalemenls have been prepared lo give a 'true and fair. view and have departed from the Charities IAccounls anol Reports) Regulations 2008 ollly lo the extent required lo give a 'lrue and fairf view. This departure has involved following the Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their aecounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities." Slalemenl of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Income and Expenditure All investment Income is 2CCOLJnled for when the charity is enlilled lo receive the income. Dividends are recognised when the shareholder's right lo receive payfllenl is established. All other incorlle is recognised once the charity has enlillemenl lo income, it is probable that income will be received and the amount ol income receivable can be measured reliably. Expenditure and liabilities are accounted for on an accruals basis. All expenditure is shown as Charitable li.e. support costs - associated with grantmakingl. with the exception of Raising Funds linveslmenl management fees). Funds Unreslricled Funds comprise those funds which the Iruslees are free lo use in accordance with the charitable objects. The Endowment Fund represenls those assets which are held lor the ¢harily, principally inveslmenls. In¢ome arising on the Endowment Fund Can be used in accordance with Ihe objects ol the ¢harily and is included in the unreslri¢led income. Any capital gains or losses arising on the investments form part ol this fund. Iriveslmenl management charges are charged against this fund. Legal fees are charged against both funds. The Endowment Fund is an expendable fund lunreslricledl, if needed il can be used for grants payable on the Unreslricled Fund. Investments Investments represent UK quoted securities and are staled al maikel value al the balance sheet dale. Realised gains and losses are taken lo the Slalemenl of Financial Activities on disposal ol investments and unrealised gains and losses are taken lo the Slalement of Financial Activities on revaluation ol the assets each year. Grantmaking Grants payable are payments made to Ihird parties in the furtherance ol the charitable objects ol the trust. Granls are ac¢ounled for when either the recipient has a reasonable expectation that they will receive a grant and the Iruslees have agreed lo pay the granl without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching lo the grant Is outside the control of the Irusl. Page 8 THE BLYTH WATSON CHARITABLE TRUST NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 1. Ac¢ounting Policles Cont. Remuneratlon BOB Pittmans and Rathbones Inveslment Management are paid for administering the trust. The trustees received no personal remuneration or reimbursement ol expenses during the period under review. in their capacity as trustees. Golng Concern The trustees have considered the charilvs financial position 8nd the likely impact ol COVID-19 on financial markels and it's future investment inooffle. The Iruslees are of the opinion that the chaiity has adequate resouioes to continue in operational existence for the foreseeable fulure and Ihere are are no material un￿rtainlieS about the charity's 8bility lo Continue as a going concern. The trustees have assessed the Itust's requirements for the foreseeable future, including the Irusl's contingency plans if the investment income is significantly ￿dUCed, and are confident th81 sufficient funds will be available to enable operations lo continue 8t a sustainable level for a period of at least 12 months from the date ol approval of these financial $18lemenls. The Irust therefore continues lo adopt the going oncern basis in preparing its financial slatemenls. As such, the financial statements have been prepared on a going concern basis as the Trustees believe that no rnalerial un￿rtaIntieS exist. The financial slaletnenls do not tnclude the adjustments that would result if the Irusl was unable to conlinue as a going concern. Cash or cash equlvalents Cash 8nd cash equivalents includes cash and short term highly liquid investmenls with short term maturity ol three months or less from the date of acqui51tion or opening ol the deposit or similar account. Creditors and provlslons Credi1015 and provisions are recognised where the charity has a present obligation resulting from a past event Ihal will probably result in the transfer of funds lo a Ihiid party and the amount due to settle the obligation can be measured or estlffl8ted reliably. Creditors and provisions are norrnally iecognised al their settlement amount after allowing for any trade discounts due. The trustees do not consider there to be any siqnilicanl estirnales or iudqementS. Flnanclal instruments The charity only has financial assets and financial liabilities of a kind (hat qualify as basic financial instruments. Basic financial instruments. including trade and other debtors and cieditors are initially iecognised 81 transaction value and subseqLiently measured at Iheii settlement value. The portfolio of investments held by the charity is included at f8ir value. 2. Investment Income 2021 2020 Income from investments 126,604 141.000 126,604 £ 141.000 3. Raising Funds 2021 2020 Rathbones Investment management fees 20,040 19.425 All raising funds in the current and prior year ale paid from the Expend3ble Endowment Fund. Page 9 ## **THE BLYTH WATSON CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021** |**4. **|**Charitable Activities**
Grants made/committed in year-all to institutions
44 Grants made/ committed in the year (2020: 45 grants)
further details in note 8
Support Costs
Independent examiners fees
Independent examiners fees - previous year adjustment
Bank charges
BDB Pitmans LLP - administration fees (shared equally
between Funds)
**Total Charitable Activities**|**2021**
**£**
**114,750**
**2,340**
**-**
**-**
**18,796**
**21,136**
**135,886**
**£**|**2020**
**£**
105,000
2,340
(2,760)
20
24,846| |---|---|---|---| ||||24,446| ||||129,446
£| Expenditure on charitable activities includes £126,488 (2020 - £117,023) spent from unrestricted funds and £9,398 (2020 - £12,423) spent from expendable endowment funds. |**5. **|**Investments**||**Additions**|**Additions**||**Realised and**||| |---|---|---|---|---|---|---|---|---| |||**2020**|**at cost**||**Disposals**|**Unrealised**||**2021**| ||||||**gains/ (losses)**|||| |||**£**||**£**|**£**|**£**||**£**| ||Quoted securities|**4,791,230**|**414,207**||**(443,532)**|**814,471**||**5,576,376**| ||Historic cost as at 30 June 2021|||Realised gains||28,794||| ||is £3,067,038 (2020 : £2,953,499)|||Unrealised gains||785,677||| ||||||**2021**|||**2020**| |**6. **|**Cash**||||**£**|||**£**| ||Metrobank||||**63,427**|||9,697| ||Rathbone Investment Management||||**76,894**|||73,755| |||||**£**|**140,321**
||£|83,452
| |**7. **|**Creditors**||||**2021**|||**2020**| ||||||**£**|||**£**| ||Accruals||||**4,576**|||8,460| ||Grants payable||||**63,750**|||3,000| |||||**£**|**68,326**
||£|11,460
| ||**Movement in recognised grant**|**commitments**|||**2021**|||**2020**| ||**during the year**||||**£**|||**£**| ||Grant Commitments recognised at the start of the year||||**3,000**|||12,000| ||New grant commitments charged to|the SOFA (note 4 & 8)|||**114,750**|||105,000| ||Grants paid during the year||||**(54,000)**|||(114,000)| ||Amount of grant commitments recognised as at 30||June 2021|**£**|**63,750**
||£|3,000
| Page 10 THE eLYTH VVATSON CHARITA8LE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 8. Grants ¢ommltled 2021 2020 Acti￿ lor A-T 8arts Charity Chrislmas Appe81 Cambr￿ge Handel Opera Cotnpany Heritage Foundation Cysli¢ Fibrosis Trust Foundling Museum Hann9ey Law Centre Help Mus¢ian$ Hotne$iart Impenal Healih Foundat￿ 2,OOD 1,0 2,000 1.0 2.0 s,000 2,000 5.000 2.000 1,000 1,000 2.ODO 1.000 Lord Mayor's $OOth AnDiversary Avrdrds Trust Love 146 MedAir Millon's Collage Tru51 Old Vit Theatre Company The P$ssag¥ Royal Tnnily Hospi Sheriffs Recordei's F￿d Society for ihe Relief ol Distress South West London Lawcentre a Siblillg sp￿ In Mind Sl Barihdomew Ihe Grt81 Sl Bad$ Charity Sl John's HOsp￿e Sl Martin-In-Ihe-Fields- Endo¥wn$ni Ttusl sireets of L￿d Stroke Assocp3lion S￿￿fihaM Bulbeck PTA Warchild Waier Smart Found3tioD Youn9 Minds Total for N0vembèrlDs¢om￿r Trustees, Meeting Access Sport Action loiA-T Slavery Baiiens Disease Family Association Behind Ev¥ry Kick The Chron￿ Disease Reseaich Foundation Children's Radio Foundation UK Dysionia Fooi¥iEp$ Foun¢lin9 Museu Gill of Sight- Universiiy ¢1 Soulh8mpion Hann9ey Lawcenire Helen Bsrnber Foundalion Help Musicians Homesiart Ho￿era UK Jigslw Plus Love 146 Mercy Central Old Vic Theatre CcRmpany 1.000 1.000 1.000 1,000 2,000 1,000 5.000 5,000 5.000 2.000 1.000 5,000 5,000 5.000 1,000 1,000 1.000 1.￿0 1.wo s.1￿0 s,￿0 4,OOQ z,ooo 5.000 S.OOD 5.000 2.ODD 1.0 1,000 1,000 1.000 2.000 ST,000 55,000 $00 2,000 1,000 2,000 1.000 1,000 1,000 2.ODO 1.￿0 1.000 1.500 1.000 5.000 5.000 1.000 2,000 2,000 2.000 1,000 500 1,000 1.000 2.500 2.0 1.000 4.000 2.000 s,ooo 5,000 5.000 5.000 Rpyal Academy ol Music Royal Albert Hall Trust 4.000 2000 4.000 2.ODO 5.000 Sheriffs and Rè¢orderfs Fund Soulh Wesl London Cenire Spurgeons Sl B8fiholomewlh¢ Great Sl John's Hospice Stephen Ha￿kIn5 School Siroke AssocialK)n 3.mo 1.000 4.750 4.000 2.000 Total for June Trustees. Meetlng 57,750 50.000 Total Grants commitied 114,7$0 E 105.000 Page11 THE BLYTH WATSON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 9. Analysis of assets between funds Unrestricted Fund Endowment Fund Total 2021 Total 2020 Investments CLJrrenl Assets Creditors Inter fund borrowing 5,576,376 5,576,376 140,321 168,3261 4,791,230 83,452 111,4601 140,321 167,2081 139,749 11,1181 {139.7491 Total Net Assets 212,862 £ 5,435,509 £ 5,648.371 £ 4,863.222 Prior year comparative.. Unrestricted Fund Endowment Fund Total 2020 Total 2019 Investments Current Assets Creditors Inter fund borrowing 4.791,230 4,791,230 83.452 111,4601 5,012.345 113,975 123,2201 83,452 18.4001 137.694 13,0601 1137,6941 Total Net Assets 212,746 £ 4,650,476 £ 4.863,222 £ 5,103,100 10. Information regarding Trustees remuneration and related party transactions The charity has no employees12020' none) No Iruslee recèived iemuneralion and no expenses were reimbursed during the year current or prior year. The Iruslees of the Charity are partners al BDB Pilmans LLP who administer the charily, during the year Nicholas Brown retired as Iruslee and remains a Consultant of BDB Pitmans LLP. Fees of £18,796 were paid lo BDB Pitmans by the charity in the period ended 30 June 2021 allocated to charitable expendilure.12020". £24,846). Al the year end amounls owed lo BDB Pitmans lolalled £2.23612020'. £6,120) were included within the accruals. There were no other related party transactions12020.' none). Since the year end there has been a fall in global stock market values and as a result the value of the Charity's listed investments has fallen. As al the dale of signing these a¢¢ounls, the market value of the Iisled investments had decreased by around £116,000 10 £5.46m Page12 THE BLYTH WATSON CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2020 showing the split between Funds Unrestricted Fund Expendable Total Funds Endowment 2020 Fund Income and Endowments from: Investments 141,000 141,000 Total Income 141.000 141,000 Expenditure on- Raising funds 19.425 19,425 Charitable aclivrfLies'. 117,023 12,423 129,446 Total expenditure 117,023 31,848 148,871 Net Income I lexpenditurel 23,977 131,8481 17,8711 Nel Ilossesl I gains on Investments 1232,007} 1232,0071 Net movement in funds 23,977 {263,855 {239.8781 Reconciliation of funds.. Balances brought forward from previous year 188,769 4.914,331 5,103,100 Balances carried forward at year end 212,746 4,650,476 4,863,222 Page 13