THE BLYfH WATSON CHARITABLE TRUST
TRUSTEES. ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
REGISTERED CHARITY No. 1071390

THE BLYfH WATSON CHARITABLE TRUST
TRUSTEES. ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
CONTENTS
Page
REPORT OF THE TRUSTEES
REPORT OF THE INDEPENDENT EXAMINER
STATEMENT OF FINANc￿L ACTfviTIES
BALANCE SHEET
NOTES TO THE FINANCIAL STATEMENTS
8-14

THE BLYTH WATSON CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2022
The charity's trustees are pleased lo presenl their annual Iruslees, report togelher the financial statements
ol the charity for the year ended 30 June 2022.
Referènce and Administration Details
Full name." The Btyth Wa150n Charitable Trust
Registered Charity number. 1071390
Principal address..
BDB Pitmans LLP
One Barthdomew Close. London. EC1A 7BL
Trustees..
Mr Alastair John Cafvert Collett
Elizabeth Ann Neale
Administrators
BDB Pitman5 LLP
One Bartholomew Close. L￿dOn, EC1A 7BL
Independent Examiner.
Price Bailey LLP
Tennyson House
Cambridge Business Park
carn￿dge CB4 OWZ
Investment advisers..
Rathtrones Investment Management
8 Finstr￿ry Circus, London. EC2M 7A1
Structur8, GovÈmanc8 and Mana9Èment
The trust is governed by clause 7 of the Will of Mrs Hilda Blyth (nee Watson) dated 19 April 1974 who died
on 1 Seplember 1997. The trusl was established in accordance wth the terms of Mrs Blyth's Will in April
1998. Funds werè derived from Mrs Blyth's ovm estate and from funds held in her husband's Will Ttusl
over which she had a general power of appointment by Will. Mrs 81ylh chose to appoint professional
Iruslees under the terms ol the Will, ￿1th Mr E N W Brown being an original appoinlmenl. He rètired in
March 2021. The trustees. Alaslaii Collett and Elizabeth Neale are partners al BDB Piltnans LLP. 11 is
anlicipaled that the current Iru51ees would be resptsnsible for the inductK)n and training of new Iruslees.
New Iru51ees are provided with copies of the charity's documents and meet wth continuing Ituslees, and
adminislrators if requesled in order lo gain an Ltnderslanding of the charity.
The Board are the key rnanagemenl oflhe charity.
Page 1

THE BLYTH WATSON cHAF￿TABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2022
Objectives and Activities
The trust was established lo apply the trust furKls and the inc(Yne arising lo or towards such charitable
purposes, charitable inslilulh)ns ot charrtable foundatk)ns in such propOrt￿n$ as the Iruslees sh311 in their
absolute discret￿n think fit.
Taking into account what was known ol the wshes of Mrs Btyth, the Iruslees have decided as a general
rule to make grants for the publi¢ benefrt towards humanitarian causes based in the UK, wilhoul
excluding the possibility of considering all appeals brought to their nolw.
In general temis, the tnjstees consider applic2tions for grants al their m￿lingS which are held Iwi¢e a
year usually in June and December. and agree whelher 2 cause meets their criteria and provides a
public benefit. Generally the Iruslees support registered charities, making scrne regular grants and some
one off.
Risk Management
The Iruslees have assessed Ihe major risks to wh￿h the charity is exposed. in particular those risks
related to the investment strategy. They are satisfied that adequate pr￿edu￿S are in place to mitigate
exposure lo these risks. atthough il is recognisecl Ihal systems can only provide reasonable, not
absolute, assurance. The Iruslees are well awaie of the impact of the COVID -19 pandemic on the
charity's finances and also Ihe wai in Ukraine and the current e¢onomi¢ crÈsis. The reduction in the value
of investments in the current year is Sign￿1cant, bul Ihe trust￿S are invested for the long term and
continue lo have confKlence in Ralhbones, who manage the portfolio on a discrelionary basis. Despite
Ih&se flu¢lualions the Iruslees anlicipale they Can maintain a similar level of grant awards.
Fundralsiny
The charity's income is generated from the inveslmenls held, tt does not undertake fundraising aclivilies,
il is nevertheless mindful of the code issued by Ihe fundraising reguTalor. The charity has not received
any complaints during the year bLrt rf it ever did receive a complaint, thi5 would be reviewed immediately
by the Iruslees and Irealed wlh the ulmosl seriousness.
Achievements Performance and Public Benefit
At the half-yearly meetings, the Iwslees reviewtsd the grant application5 r￿1Ved and previous donations
made. The Iruslees de¢ided to continue lo promde funds on an annual basis lo various charities (further
details in note 81. 11 was agreed al their meetings to usually make individual grants no giealef than
£7.000. The Iruslees noted the level of appeals received, which in most cases fell within their criteria, bLJI
continued lo feel that their pattem ol grant making would prowde the besl level of benefit rather than
spreading the funds loo thinly. They maintained 8 policy of being open to having causes which would
benefit the public. recommended to them as worthy of support and refer lo the Charty Commission's
general guidan￿ on public benefit when rewewing the trust's aims and objectNes when deciding on the
grants lo be made. The Iruslee5 plan lo continue lo m*1 on a bi-annual basis to reiqew the
a¢hievemenls and performance of the charity as well as lo ag￿ on dislribulions to be made lo UK
based regislered charities with a guideline of £50,000 10 £55,000 meeting. The Iruslee5 are also
considering several one off larger granls of arround £15.0(X) e￿h to ulilise their surplus income They are
l(>oking al surtable projects lo take this forward and have agreed lo support building works al New
College Oxford wlh a large grant.
Page 2

THE BLYTH WATSON CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2022
Financial Review
Investment Poll¢y and Perforrnance
The trustees have inslrucied Ralhbones Investment Management to advise on their inveslmenls. They
have an Investment Policy Slalemenl in place. Their pK)licy is lo maintain a balance between capital and
income wrth a high level of risk. as defined by the managers_ The trustees had sel a target for a minimum
income of £140,OCM) per annum I30￿) from the portfolio. The inveslmeTrl managei has infomied the
Iruslees that their income may be affected by the economic crisis. The Iruslees will continue lo review
this and adwce from the manager throughout the year. The investment manager provided a detailed
report and attended one meeting. The manager also prowdes quartedy reports for review. The trustees
cepled the overall perfomiance of the portfolio arKI professional ￿vi￿ provKJed. gThien the current
market condrf(K)ns, and continue to review the portFolio al their iegular meetings.
Reserve$ Pollcy
The Iruslees have expressed the wsh to maintain their endovrnenl, dislribuling the income arising.
They agreed lo make distributions of £50,000 10 £55.￿0 pei m&ling and are prepared lo use the
Expendable Endowrnenl Fund for this pulpose. Any surplus will be retained on the Unreslricled Fund
rather than as a specrfi¢ reserve. Given the funds in hand, they shoukl be in a position lo rneel any
commitments rather than relwng on a spectfic reserve, particulady as it is not their policy lo commit lo
projects. The Iruslees consider the level of reserves shown in the accounts yvilh a view lo making
additional distributions in future years_ In the year the net income after expenditure was £45,47812021'.
£1161 for the Unreslricled Fund. The Unrestricted Fund balance of £258,340 on 30 June 2022 12021..
£212,862) will be available for distribLrtion which the Iruslees can consider in future years. The
Endowment Fund had borrowed a lolal of £150.587 from the Unresricled Fund at 30 June 202212021..
£139.7491
Finan¢lal A¢tivities
The trust received income OF £159,65612021.. £126,604). Al the year end the trust funds were t￿Id in
investments and Cash.
Toial expenditure was £143,82612021.' £155.9261. Fundraising costs and administralive costs had been
kept under revw. Fundraising costs and part of the ￿lMInIstrat￿)n cosls are charged lo the expendab
endownenl". £29,648 {2021.. £29,438). The Iruslees noted the real￿ed and unlea11s￿ gains and losses
on theii investments.. net losses of £446,381 in 2021122 12021". nel gains of £814,471}, reflecting the
overall stock market srtualion. They d￿lded to continue their wlicy of using a guideline of £50,000 10
£55,000 per meelillg for grants. accepting there may be ctcasions when slightly more was distributed
and also are mindful ol the impact on income as a resutt of the current economic crisis.
Provision has been made for the administralion fees paid to BDB Pitmans LLP who carry out the
administration ol the fund and the fees of the independent examiner.
Going Concem
The trustees have reviewed the financial position. level of reserves and future objec15 01 the charity and
have concluded that il is reasonable to expecl that Ihe trust has adequate resouices to continue in
operational existence for the foreseeable future_ For this reason they continue lo adopt the going concern
basis in the preparation of the financial stalements.
Page 3

THE BLYfH WATSON CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2022
The trustee5 have assessed the trusfs requirements for the foreseeable future, including the trust's
contingency plans if the inveslrnent income is signifiGanlly reduced, and are confident that sufficient funds will
be available to enable operations to continue al a sustainable level for a period of al least 12 months from the
dale of approval of these financial siatements. The Trust therefore coniinues to adopt the going concern basis
in preparing ils financial slalemenls. As such, the finanGial statements have been prepared on a going concem
basis as the truslees believe that no material uncertainties exist.
STATEMENT OF TRUSTEE RESPONSIBILITIES
The trustees are responsible for preparing the Trustees, Report and the financial statemen15 in accordance
wth applicable law and United lfjngdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
The law applicable lo thanbes in England & Wales requires Ihe tnjstees lo prepare finanryal statements for
each financial year vthich give a true and fair view of the state of affairs of the charrty and of the incoming
resources and applicAti(>n ol resources of the charrty fof that period. In preparing these finan¢ial ststements,
the trustees are required lo..
Select suitable acc¥)unling ￿lIcIeS and then apply them u)ftsislently'
Observe the methods and principles in the Charities SORP 2019 IFRS1021'.
Make judgements and estimates thal are reasonable and prudent..
Slate whether applicable accounting slandaids have been followed, subject to any malerial
departures disdosed and explained in the financial siatements.. and
Piepare the financial statements on the going txJn¢em basis unless it is inappropriale tc>
presume that the challty will continue in business.
The Iruslees are responsible for keeping proper accounting records Ihal disclose wlh reasonable accuracy al
any lime the financial position of the eharily and enable them lo ensure thal the financial stalemenis comply
th the Charities Act 2011. the Charily (Accounts and Reports) Regulations 2008 and the provisions of the
trust deed. They are also responsible foi safeguarding the assets of the charity and hence for tsking
reasonable steps for the prevention and detectior) of fraud and olher irregulaiities.
The Iwslees wnfirm that they have complied wth the duly in Section 17 of the Charities Act 201110 have due
regard to the public benefit guidance published by the Charity Commission in deletmining the activities
undertaken by the Gharity.
Alastair John Calvert Collett
Truste&
Date
P3&e 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 2022** 

I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 June 2022 which are set out on pages 6 to 14. 

## **Responsibilities and basis of report** 

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

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

## **Independent examiner’s statement** 

I have completed my examination. I confirm that no material 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 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. 

## **Martin Clapson FCA** 

For and on behalf of 

## **Price Bailey LLP** 

Tennyson House Cambridge Business Park Cambridge CB4 0WZ 

_Date_ 

Page 5 



THE BLYTH WATSON CHAR￿ABLE TRUST
STATEMENT OF FINANc￿L AcTIV￿lEs (INCLUDING INCOMEAND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 30 JUNE 2022
UNRESTRICTED EXPENDABLE
FUND
ENDOWMENT
TOTAL
2022
TOTAL
2021
Noies
Incomé and Endowments from
Inveslments
159.656
159.656
126,604
Totsl Incomo
159.656
159,656
126,604
EXPENDITURE ON
Raising Funds
22.180
22.180
20,040
haritable Activities
114.178
121,646
135.886
Total Expenditure
114,178
29,648
143.826
155.926
NET INCOMEIIEXPENDITVREI
45.478
129.6481
15.830
(29,3221
Net galns I Ilossesl on investments
1446,3811
1448.3811
814.471
Net Movement in Fun¢ts
45.478
1476.0291
1430,5511
7￿,149
Reconciliat5on of Funds
Fund Balances brought fotvrartj
212.862
5.435.509
5.648.371
4,863,222
TOTAL FUNDS CARRIEO FORWARD AT
30 JUNE 2022
258.340 £ 4,959.480 £ 5,217,820
£ 5.648.371
PaBe6

THE BLYTH WATSON CHARITABLE TRUST
BALANCE SHEET AS AT 30 JUNE 2022
Notes
2022
2021
Fixed Assets
Inveslmenls
5.110,662
5,576,376
Current Assets
Cash
157,868
140,321
Less: Creditors
Amounts falling due within one year
50,710
68.326
Net Current Assets
107,158
71,995
Totsl Nèt Assets
5.217.820
£ 5,648,371
Represented by:
ExpwdaNe Endowmenl
Unrestrided Fund
4,959.480
258.340
5.435.509
212.862
Total Funds
5.217.820
£ 5,648,371
The notes on pages 8 to 14 form parl of the financial statements
-.X.. 2££F...￿Id Wgned on thwr t￿half by
Approved by the Iruslees on..............- ..-
Alastair John Calvert Collelt- Trustee
Charity registration No. lo713￿)
Page 7

THE BL￿H WATSON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Accounting Policies
The prinapal accounting policies adopted, jud￿ments and key souros of estimatKJn Un￿rtaInty in the preparath)n
of the financial staletnents are as folk)ws'.
(al Basis of accounting
The financial statements have been Wep8￿ in wilh Ac£cxJntiro and Reporting by Charities.
Statement of Recotnmended Prad1￿ aP￿iCable lo tharilies preparing the¥ aCc￿ntS in accordance with the
Finanaal Reporting Standard appliCa￿e in the UK arKJ Republic ol Ireland issued in October 2019, the
Finanaal Reporting Standard applicatAe in the UK and Republ￿ of Iidand IFRS 1021. the Charrties Act 2011
and UK Generalty A￿pted A(xx)unting Practi￿.
The finanaal slalements have been p￿pared lo give 3 'true arKI faiff view and have departed from the
Charitle5 (Accounts atKI Reports) Re9ulalKbns 2(XJ8 lo It￿ extent required to give a 'true and lairf view.
This departure has involved following the Accounting ar¥J ReKKKtsng by Charib"es". Stalemenl of Re(x)mrnerKled
Pradice appli￿ble to tha151Es preparin9 their acLounls in accordan￿ with the Finanaal Rewrting Standard
applKable in the UK and Republic ol Ireland issued in Odober 2019 rather than the Accounting and Reporiing
by Charities". Stalernent of Recornmended Pract￿e effective from 1 April 2005 which has since been
withdrawn.
Ibl Income and Expenditure
All investrnent Ir￿The is accounted for when the charity is enlilsed to recwve the income. Dividends are
rec(Yunised when the shareholderfs righl to re￿1ve payment is estsbtished. All other inwme is rewgnised once
the charity has entitlement to income. it is piobaNe thal in(we will be received and the amount of income
receivable can measured rella￿y. Expendituce and Ikibilities are accounted for on an 8(Lruals basis. AII
expenditure is slThn as Charitable (i.e. support (X)s1s - asso(xat￿l with grantmaking}, with Ihe ex￿ptIOn ol
Raising Funds (Investment managemenl lees).
Icl Funds
Unrestricted Funds Ix>tnwise those funds whith Ihe ItU51ees are free to use in a￿ordan￿ with the tharitable
objects. The Endowmenl Fund represents those assels whth a￿ held for the charity. PrinGipally inveslmenls.
Inu)me arisirvJ on the Endcwrnént Fund ¢xn be useil in aC(xydan￿ with the Obl￿tS of the d)arily and is
induded in the unrestr￿ted Inc(￿ne. Any capital gains or k)sses aAstng on the investrnenls forrr part of this
fund. Inve5tThenl rt)anagernent chatge5 are chaiged against this fvnd. Legal fees are charged against bolh
funds. The Endowmenl Fund is an expendable fund lunreslr￿ed), il needed rt (xn be used for grants payable
on the UnreStr￿ed Fund.
Idl Investments
Investments represenl UK quoted securities a￿1 ar8 staled at tnarkel value at the balance sheet date.
Realised gains and losses are taken lo Ihe Stalement of Finanual Athvib"es on distK)sal of investrnenls 8nd
unrealised 9ains and k)$5es ale taken to the Statement of Financial Aciivilies on revaluatTm ol Ihe assets each
year.
lel Grantmaking
Giants payable are payments made lo Ihiid parbes in the furthwanct ol the tharitable objecls ol Ihe Irust.
Grants are accounted lor wkn either the rec4pienl has a reasonable expedalion thal Ihey will re￿1Ve a grant
and the trustees have agreed lo pay the granl without condition. or the recipienl has a ieasonable expectalK)n
that they wll ietsive a grant and any condrtion attathing lo the gianl is outside the control of the Iiusl.
PaEe 8

THE BLYfH WATSON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30JUNE 2022
1. Accountin9 POlic￿S- Continued
lfj Remuneration
BD8 Pitmans and Ralhbones InVestft￿t Managerr*nl a￿ paKI ￿1rn￿L%1erin9 the trust. The trustees re¢ewed no
PerS￿al remuneration or rw[T￿v￿efit ofexpenses during the pEr¥xl under revew. in their taparity as trvslees.
Igl Golng Concem
The trustees have cortshlerèl the charivs finatstsal posilion the Ikety impaci of the ongoing war in Ukrait
8nnd the current econ(Knic crists on finanaal matkels and ifs future invÈsln*nl in(x)me. The trustees are of tk
opinion that the charity ha5 adeqvaie reSoUr￿S to continue in operatDnal e￿$tence for the foresee8￿e future and
there ale are no material uncertainties atxxrt Ihe tharitls a￿lIty lo COnt￿Ue as a going cOn￿M
The truste￿ have assessed tF* trusts requirerrEnls for the foreseeabk future. induding the trust's ¢ontingency
P￿DS if the invesknent income ￿ 5yJftrficanUy reduced. ard are ￿n[1dent that sufficient funds will be availablè to
enable Lyerations lo continue 81 a sustainable level for a peri￿ of at kast 12 ffl￿th5 frotn the date of approval of
thÈse finanual ststements. The trust lherefO￿ conb.nues to adept ts going concern basE in preparing Its financial
statements. As such. the finanoal Stslem&nts have been prepared OD a goiThJ concern basi% as the Trustees believe
Ihat no rnalerial un￿rtaInl￿$ e￿$t.
The finanoal Statements do [￿t inclLKle Ihe aljuslm2nts Ihat woutrj result rf Ue trust was unable to wntinue as a
g¢yrvJ Con￿￿.
Ihl Cash or ¢ash èquivalents
Cash and cAsh eqUNa￿0￿ indLKJes cash and short tertn hyhly IKlU￿ investmenis with short tetrn tnaiurty of three
rnonths or less from Ihe dale of acoui%ition ¢y opening of Ihe dew5ti Otswnibr ac£ount
lil Creditors and provistons
Creditors and provisions are recogntsed where the tharity has a present otAoation resulti￿ from 8 past event that
11 pro￿b￿ resutt In the transler of funds to a third party and th8 afflount due to sellle the oblig2tion can be
nEasured or estimated r81iabty. credito￿ and provisK>ns are nortnally re￿nised al their selUemenl amount after
allowing for any trade discoun15 due The Irustees do not consi(Ser there to be any signffit8nl esb"m8les or
judgements.
til Finantlal instruments
The charity only has finanoal assets and financial liabilrties of a knnd that qualfy as bas￿ financol Instruments.
Basic finantsal In$lrumÈnls, ind￿ling trade Other debtofs at¥J cr￿jitOrS arÈ initially recognised al transaelion
valué and Subsequ￿1￿ measvred at their Sett￿ment ¥a￿e. The portlolp) of iTrve5trnents held by the charity is
cluded at fair value.
2. Investment Income
2022
2021
Income from inve$knents
159.656
126.604
159,656
£ 126,604
Page 9

THE BLYTH WATSON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
3. Raising Funds
2022
2021
Rathbones Investment management fees
22.180
20,040
All expènditure on raising funds in the current aThJ pr•)r year are paid from the Expendable Endowment Fund.
4. Charitsble Activities
2022
2021
Grants madelcommrtted in
ear- all to institutions
36 Grants madel ¢ommitted in the year (2021. 44 granisl
further details in note 8
104,01)0
114.750
Su
rt Costs
Independent examiners fees 2021r22
Bank charges
BDB PitrnarB LLP- fees (shared equally be￿n fur￿$)
2,700
10
14,936
2.340
18.796
17.646
21.136
Total Charitable Activities
21.64
Expenditure on charitable adivities indudes £114.17812021 - £126,488) spent from unrestri¢ted funds and
£7,46812021- £9,398) spent Irom expendable endcwmenl fvnds.
5. Invastments
Additions
at C05t
Realised and
Unrealised
gainsl Ilossesl
2021
Disposals
2022
Quoted se¢urits"e5
5,576,376 359.330
{378,6631
1446,3811
5,110,662
Historic cost as al 30 June 2022
is £3,189,63612021 [3.(￿7.038}
Realised losses
UNealised losses
126,3341
1420.0471
P38e 10

THE BLYTH WATSON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30JUNE 2022
2022
2021
6. Cash
Melrobank
BDB Piimans LLP
Ralhbone Investment Management
79.334
14
78,520
63,427
76,894
£ 157,868
140,321
7. Creditors
2022
2021
Accruals
Grants payable
3,710
47,000
4,576
63,750
50.710
Movement In recognisad grant commitments
during the year
2022
2021
Granl Commitments recognised at the start of the year
63,750
Grant commitments charged lo the SOFA {nole 4 & 8}
104,000
Granls paid duiing the year ladiusting for returned grants) 1120,7501
3,000
114.750
154.000)
Amount ol grant commitments rewgn1s￿j ' 30 June 2022 £ 47,000
63,750
Page 11

THE BLYTH WATSON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
8. Grants committed
2022
2021
Action for A-T
Alzheimerfs Society
Anti Slavery
Barts Christma5 ApKtal
Ballen Disease Family Ass(tiali
Behind Every Ki
Cancer Research - RequEm to Can￿r
Chailey Heritage Foundation
Children's Radio FoundalK>n
Chroni¢ Disease
Cystic Fibrosis Trust
Dyslonia Sixiety
Footsteps
Foundling museum
Haringey Law Cenlre
Help Musi¢ians
Imperial Health FoundalK)n
Jigsaw Plus
Jubilee Sailing Trust- unpaKJ
Lrtlle Village
London Mozart Players
Merton Music Foundation
National Deaf Children's Society
Revilalise
Royal Academy of Musi¢
Royal ￿bert Hall Trusl
Royal Trinity Hospice
Society for the Relief of Distress
South West London Law Centre
Sponsor a Sibling
Sport in Mind
Sl Bartholemew the Great Chuich
Sl John's Hospice
Streets of London
Swaffham Bulbeck PTA
The Old V
The Connection al Sl Martins
The Foijndling Museum
The Passage
The Q Trust
The Sherriffs and Recorderfs Fund
The Society for the Relief of Distress
The Stroke Ass￿latiOn
The Tru5sell Trust
Tommy's
Water Smart Foundation
Young Minds
2,000
2.000
4,(X)O
1,(X)O
1,CKJO
2,QX)O
1,mD
1,000
2,0(KJ
2,000
1,(X)D
1,(KlO
1,(X)O
2,WO
1.000
3,0￿)
2.000
1.WO
5,(KJO
8,￿0
7,000
6,000
4,000
1,000
11.0001
1,000
2,000
4.000
2,000
1,000
4,000
2,000
10,000
10.000
10.000
1,000
1.000
2.000
9.750
5.000
1.000
4.000
5,000
2,000
10.000
5,000
6.000
1,000
10.000
5,000
2,000
5,000
3,000
1.000
2,000
6,000
5.000
2,0(X)
3,000
2,000
5,000
2,000
1,000
2,(K)O
3.OLX)
Total
104,000
114,750
Page 12

THE BLYTH WATSON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
9. Analysis of assèts betwegn funds
Unrestri¢tsd Endowmènt
Fund
Fund
Total
2022
Totsl
2021
Investments
Current Assets
Creditors
Inter fund borro￿1ng
5,110.662
5,110.662
157,868
{50.7101
5,576,376
140,321
(68.3261
157,868
{50.1151
150.587
{5951
{150,587}
Total Net Assets
258,340 £ 4,959,480 £ 5,217,820 £ 5,648,371
Prior year comparativo:
Unrestrictèd Endowment
Fund
Fund
Total
Totsl
2020
2021
Investments
Current Assets
Creditors
Inter fund borrowing
5,576,376
5,576,376
140,321
(68,3261
4,791.230
83,452
{11.460}
140.321
167.2081
139,749
11,118}
1139.749)
Total Net Ass&ts
212.862 £ 5,435,509 £ 5,648,371 £ 4,863,222
10. Information regarding Trustees remunèration and related party transactions
The charity has no employees12021- ￿)ne). No Iwstee received remuneialion and no expenses were
reimbursed during the year current or prior year.
The truslees of the charity are partners at BDB Pilmans LLP administer the ¢harity, in 2021 Nicholas
Brown retired as Iruslee. He remains a consultant of BDB Prtmans LLP. Fees of £14,936 were payable lo
BDB Pilmans by the charty in the period ended 30 June 2022 12021.. £18.7961. At the year end amounts
owed lo BDB Pilmans tolalled £1.190 (2021.. £2.236} these were included wlhin the accruals.
There were no other retated paty Iransacbons {2021'. none).
Page 13

THE BLYfH WATSON CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES {INCLUDING INCOME AND
EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2021
showing the split between Funds
Unrestricted
Fund
Expendable
Endowment
Fund
Total Funds
2021
Income and Endowments from:
Investrnenls
126,604
126,604
Total Income
126.604
126,604
Expenditure on-
Raising funds
20.040
20,040
Charitable acliwlies..
126.488
9.398
135,886
Total expenditure
126,488
29.438
155,926
Net income I (expenditure)
116
{29,4381
129.3221
Nel {lossesl I gains on Investmenls
814.471
814.471
Net movement in funds
116
785.033
785,149
Reconciliation of funds-
Balan￿S brought forward from prevK>US year
212,746
4.650,476
4.863,222
Balances carried forward at year end
212,862
5.435,509
5,648,371
Page 14