THE BLYTH WATSON CHARITABLE TRUST TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 REGISTERED CHARITY NO 1071390
THE BLYTH WATSON CHARITABLE TRUST CONTENTS Page Trustees. Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes lo the Financial Statements 8-14
THE BLYTH WATSON CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 The charity's trustees are pleased to present their annual trustees, report together with the financial statements of the charity for the year ended 30 June 2024. Reference and Administration Details Full name.. The Blyth Watson Charitable Trust Registered Charity number.. 1071390 Principal address. Broadfield Law UK LLP (formerly BDB Pitmans LLP) One Bartholomew Close London EC1A 7BL Trustees.. Alastair John Calvert Collett Elizabeth Ann Neale Administrators Broadfield Law UK LLP (formerly BDB Pitmans LLP} One Bartholomew Close London EC1A 7BL Independent Examiner.. Price Bailey LLP Tennyson House Cambridge Business Park Cambridge CB4 OWZ Investment advisers.. Rathbones Investment Management 8 Finsbury Circus London EC2M 7AZ Structure, Governance and Management The trust is governed by clause 7 of the Will of Mrs Hilda Blyth (nee Watson) dated 19 April 1974 who died on 1 September 1997. The trust was established in accordance with the terms of Mrs Blyth's Will in April 1998. Funds were derived from Mrs Blyth's own estate and from funds held in her husband's Will Trust over which she had a general power of appointment by Will. Mrs Blyth chose to appoint professional trustees under the terms of the Will, with Mr E N W Brown being an original appointment. He retired in March 2021. The trustees, Alastair Collett and Elizabeth Neale are partners at Broadfield Law LLP {formerly BDB Pitmans LLP). It is anticipated that the current trustees would be responsible for the induction and training of new trustees. New trustees are provided with copies of the charity's documents and meet with continuing trustees, and administrators if requested in order to gain an understanding of the charity. The Board are the key management of the charity. Objectives and Activities The trust was established to apply the trust funds and the income arising to or towards such charitable purposes, charitable institutions or charitable foundations in such proportions as the trustees shall in their absolute discretion think fit. Page 1
THE BLYTH WATSON CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 Objectives and Activities (continued) Taking into account what was known of the wishes of Mrs Blyth, the trustees have decided as a general rule to make grants for the public benefit towards humanitarian causes based in the UK, without excluding the possibility of considering all appeals brought to their notice. In general terms, the trustees consider applications for grants at their meetings which are held lce a year usually in June and December, and agree whether a cause meets their criteria and provides a public benefit, Generally the trustees support registered charities, making some regular grants and some one off. Risk Management The trustees have assessed the major risks to which the charity is exposed, in particular those risks related to the investment strategy. They are satisfied that adequate procedures are in place to mitigate exposure to these risks, although it is recognised that systems can only provide reasonable, not absolute, assurance. The trustees are well aware of the impact of the current economic crisis, The investments have performed well over the year. The trustees are invested for the long term and continue to have confidence in Rathbones, who manage the portfolio on a discretionary basis. Despite fluctuations the trustees anticipate they can maintain a similar level of grant awards Fundraising The charity's income is generated from the investments held, it does not undertake fundraising activities, it is nevertheless mindful of the code issued by the fundraising regulator. The charity has not received any complaints during the year but if it ever did receive a complaint. this would be reviewed immediately by the trusiees and treated with the utmost seriousness. Achlevements Performance and Public Benefit At the half-yearly meetings, the trustees reviewed the grant applications received and previous donations made. The trustees decided to continue to provide funds on an annual basis to various charities (further details in note 81. It was agreed at their meetings to usually make individual grants no greater than £7,000. However, the trustees are considering a number of significant one off grants of £10,000 to £15,000 to a small number of charities. During the year, the trustees continued to consider one off larger grants and a donation of £20,000 was made to the Foundling Museum, The trustees continue to consider one off larger donations alongside their usual donations. The trustees noted the level of appeals received, which in most cases fell within their criteria, but ontinued to feel that their pattern of grant making would provide the best level of benefit rather than spreading the funds too thinly. They maintained a policy of being open lo having causes which would benefit the public. recommended to them as worthy of support and refer to the Charity Commission's general guidance on public benefit when reviewing the trust's aims and objectives when deciding on the grants to be made. The trustees plan to continue to meet on a bi-annual basis to review the achievements and performance of the charity as we51 as to agree on distributions to be made to UK based registered charities with a guideline of £50,000 to £55,000 per meeting. Financial Review Investment Policy and Performance The trustees have instructed Rathbones Investment Management to advise on their investments. They have an Investment Policy Statement in place. Their policy is to maintain a balance belween capital and income with a high level of risk, as defined by the managers. The trustees had set a target for a minimum income of £140,000 Page 2
THE BLYTH WATSON CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 Invgstrnent Policy and Performance l...conti per annurr lapproximalely 3°/ol from the portfolio. The investment manager has informed the Iruslees that their income may be affected by the economic crisis. The trustees will continue lo review this and advice from the manager throughout the year. The Investment manager provided a detailed report and has attended one meeting. The manager also provides quarterly reports lor review The trustees accepted the overall performance of the portfolio and professional advice provided, given the current market conditions, and continue lo review the portfolio regularly and al their meetings. Re80rve3 Policy The Iruslees have expressed the wish lo maintain their endowment. dislribuling the income arising. They agreed to make dislribulions of £50.000 to £55,000 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 reserve. Given the funds in hand, they should be in a position to meet any commitments rather than relying on a specific reserve, particularly as It is not their policy lo commit to projects. The Iruslees consider the level of reserves shown in the accounts with a view lo making additional dislribulions in lulure years. In the year the net income after expenditure was £6,35512023'. £15,138) for the Unreslricled Fund. The Unrestricted Fund balance of £279,833 on 30 June 202412023. £273,478) will be available lor distribution which the Iruslees oan consider in future years. The Endowment Fund had borrowed a total of £144.283 from the Unresricted Fund al 30 June 202412023. £128,194) Financlal Actlvltles The trust received income of £150,386 12023.. £154,292). At th8 year end the trust funds were held in investments and cash. Total expenditure was £173,61212023'. £168,448). Fundraising costs and admirnislralive costs had been kept under review. Fundraising costs and part of the administration costs are charged lo the expendable endowment. £29,58112023'. £29,294). The trustees noted the realised and unrealised gains and losses on their investments." nel gains of £583,005 in 2023124 12023.. £51,509). reflecting the overall stock market situation. They decided to continue their policy of using a guideline of £50,000 10 £55,000 per meeting for grants, accepting there may be occasions when slightly more was distributed and also are mindful of the impact on income as a result ol the current economic cri51S. Provision has been made for the administration lees paid to Broadfield Law UK LLP (formerly known as BDB Pilmans LLPI who carry out the administration of the fund and the fees of the independent examiner. Going Concern The trustees have reviewed the financial position, level ol reserves and future objects of the charity and have concluded that il is reasonable to expect that the trust has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going conrn basis in the preparation ol the financial slalements. The trustees have assessed the Irusl'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 to continue al a sustainable level for a period of at least 12 months from the dale of approval of these financial slalemenls. The Trust therefore continues lo adopt the going concern basis In preparing Ils financial statements As such. the financial sl8lemenls have been prepared on a going concern basis as the Iruslees be11eve that no material uncertainties exist Page 3
THE BLYTH WATSON CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 Statement of Trustees. Responsibilities The Iruslees are responsible for preparing Ihe Trustees, Report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) The law applicable lo charities in England & Wales requires the Iruslees lo prepare financial slalemenls for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources of the charity lor that period. In preparing these financial statements. the Iruslees are required lo. Select suitable accounting policies and then apply them consistently., Observe the methods and principles in the Charities SORP 2019 IFRS1021, Make judgements and estimates that are reasonable and prudent., Slate whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the financial statements., and Prepare the financial slalements on the going concern basis unless il Is inappropriate lo presume that the charity will continue in business. The Iruslees are responsiblé for keeping proper accounting records that disclose with reasonable accuracy al any lime the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charity IAccounts and Reports) Regulations 2008 and the provisions of the trust deed, They are also responsible for safeguarding the assets ol the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irrègularities. The trustees confirm that thèy have complied with the duty 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 24 Alastair John Calvert Collett Trustee Date Page 4
THE BLYTH WATSON CHARITABLE TRUST INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE BLYTH WATSON CHARITABLE TRUST FOR THE YEAR ENDED 30 JUNE 2024 I report lo the charity trustees cn my examination of the accounts of the charity fr)r the year ended 30 June 2024, which are set out on pages 6 to 14. Your attention is lo drawn to the lact that the charity has prepared the financial statements in accordan with the relevant version of the Slalemenl of Recommended Practice applicable lo charities preparing their aount$ in accordanTr wlh the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities". Statement ol Recommended Praecice issued on 1 April 25 which is referred to in the extant regulations bul has been withdrawn. We understand that this has been done in order for the financial statements lo provide a tnje and fair VEW in a(OrdanCe with UK Generally Accepted Accounting Practice. Rèsponsibilities and basis of report As the charity's Iruslees you are restx)nsible for the preparation of the accounts in aordarnCe with the requirements of the Charities Act 20111'lhe Act'l I report in respect of my examination of the charity's account5 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 14515llbl of the Act. Independent examiner'8 Statement I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examination giving me cause to believe that In any material resp1.. a¢xounling records were not kept in respect of the charity a5 requirgJ by section 130 of the Act,. or 2. the accounts do not accord with those records,. or 3. the account5 do not comply wrth the applicable requiffments concerning the fomi and content of accounts sel out in t Charities (Accounts and Reportsl 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 COnmS and have come across no other matters In connection with the examination lo which attention should be awn in this rert in order lo enable a proper understanding ol tre accounts lo be reached. Shaun Jordan ACA For and behalf of Price Balley LLP Tennyson House Cambridge Business Park Cambridge C84 OVVZ Date. 29 April 2025 pe5
THE BLYTH WATSON CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 Expendable Endowment Fund Note Unrestricted Fund Total Funds 2024 Total Funds 2023 Income and Endowments from: Investments 150,386 150,386 154.292 Total 150,386 150,386 154,292 Expendlture on: Raising funds 21,079 21,079 20,286 Charitable a1VitieS 144,031 8,502 152,533 148,162 Total Expenditure 144,031 29,581 173,612 168.448 Nat Income I (Expenditure) 6,355 129,5811 123,2261 114,1561 Reallsed and unrealised gains on investments 583,005 583,005 51.509 Net Movemènts In Funds 6,355 553,424 559,779 37,353 Reconci1Satlon of Funds: Fund balances brought forward 273,478 4,981,695 5,255.173 5,217,820 Total funds Carrled forward at 30 June 2024 279,833 5,535,119 5,814,952 5,255,173 The notes on pages 8 10 14 form part of the financial slalemenls Page 6
THE BLYTH WATSON CHARITABLE TRUST BALANCE SHEET AS AT 30 JUNE 2024 Notos 2024 2023 Flxed Assots Investments 5,881,532 5,130,112 Current As8et8 Cash at bank 215,983 143,489 Loss,. Curront Ilabillties Creditors 82,563 18.428 Net Current A888ts 133,420 125,061 Total Net Assets 5,814,952 5,255,173 Funds of the charlty: Unreslricled Fund Expendable Endowment Fund 10 279.833 5,535,119 273.478 4,981,695 5.814,95 5,255,173 The notes on pagés 8 10 14 form part of the financial statements Approved by the Iruslees on and signed on their behalf by.. Alastair John Calvert Collett Page 7
THE BLYTH WATSON CHARITABLE TRUST NOTES FORMING PART OF THE FINANCIAL STAEMENTS FOR THE YEAR ENDED 30 JUNE 2024 1 Accounting Policies The principal accounting policies adopted. judgements and key sources of eslimalion uncertainty In the preparation of the financial slalemenls are as follows. lal Basis of accounting The financial statements have been prepared in accordance with Accounting and Reporting by Charities." Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordanTr with the Financial Reporting Standard applicable in the UK and Republic of Ireland iSSLJed in October 2019. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, the Charities Act 2011 and UK Generally Accepted Accounting Practice The financial statements have been prepared lo give a 'lrue and lair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the exlenl required lo give a 'lrue and fair, view. This departure has Involved following the Accounting and Reporting by Charities". Slalemenl ol Recommended Practice 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 rather than the Accounting and Reporting by Charities.. Slalemenl ol Recommended Practice effective from 1 April 2005 which has since been withdrawn. {bl Income and Expenditure The financial slalemenls are presented in st6rling which is the functional currency of the charity and rounded lo the nearest £ All investment income is accounted lor when the charity is entitled lo receive the Income Dividends are recognised when the shareholder's right lo receive payment is established All other income is recognised once the charity has enlillement lo Income, il Is probable that Income will be received and the amount ol income receivable can be measured reliably. Expenditure and Iiabililies are accounted for on an accruals basis. All expenditure 15 shown as Charitable li.e support costs associated with granlmakingl, with the exception ol Raising Funds linveslmenl management lees). l¢} Funds Unreslricled Funds comprise those funds which thè Iruslees are free to use in accordance with the charitable objects. The Endowment Fund represents those assets which are held for the ¢harity, principally inveslmenls. Income arising on the Endowment Fund can be used In accordance with the objects of the charity and is included In the unrestricted Income. Any capital gains or losses arising on the investments form part of this fund. Investment management charges are charged against this fund Legal fees are charged against both funds. The Endowment Fund Is an expendable fund lunrestricledl, If needed It can be used lor grants payable on the Unreslricled Fund. Id} Investments Investments represent UK quoted securities and are 51aled al market value at the balance sheet dale. Realised gains and 105ses are taken lo the Slalement of Financial Activities on disposal of Investments and unrealised gains and losses are taken lo the Statement of Financial Activities on revaluation of the assets each year. lel Grantmaking Grants payable are payments made to third parties in the furtherance of the charitable objects of the trust Grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the Iruslees have agreed lo pay the grant wilhoul 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 IrLJsI Page 8
THE BLYTH WATSON CHARITABLE TRUST NOTES FORMING PART OF THE FINANCIAL STAEMENTS FOR THE YEAR ENDED 30 JUNE 2024 1 Accounting Policies l...conti If) Remuneration Broadfield Law UK and Ralhbones Investment Management are paid lor administering the trust. The trustees received no personal remuneration or reimbursement of expenses during the period under review, in their capacity as trustees. Igl Going Concem The trustees have considered the charity's financial position and the likely impact of the current economic crisis on financial markets and It's future investment income. The trustees are of the opinion that the charity has adequate resources to continue in operational existence lor the foreseeable future and there are are no material uncertainties about the charity's ability to continue as a going concern. The Iruslees have assessed the Irusl's requirements for the foreseeable future, including the Irusl's contingency plans if the investment income is signilicanlly 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 statements. The trust therefore continues to adopt the going concern basis in preparing its financial slalemenls. As such, the financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The financial slalem8nls do not include the adjustments that would result il the trust was unable to continue as a going concern. Ihl Cash or cash equlvalènts Cash and cash equivalents includes cash and short term highly liquid Investments with short term malurily of three months or less from the dale ol acquisition or opening of the deposit or similar account. {11 Credltors and provlslons Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the Iransler ol funds lo a third party and the amount due lo settle the obligation can be measured or eslimaled reliably. Creditors and provisions are normally recognised al their settlement amount after allowing for any trade discounts due. The Iruslees do not consider there lo be any significant estimates or judgement5. ti) Flnanclal Ingtruments The charity only has financial assets and financial liabilities ol a kind Ihat qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measured al their selllemenl value. The portfolio ol investments held by the charity is included al fair value. 2 Investment Incomè 2024 2023 Income from investments 150386 154292 3 Raising Funds 2024 2023 Rathbones Investment management fees All expenditure on raising funds in the current and prior year are paid from the Expendable Endowment Fund 21 079 20 286 2423 24 Iipls Page 9
THE BLYTH WATSON CHARITABLE TRUST NOTES FORMING PART OF THE FINANCIAL STAEMENTS FOR THE YEAR ENDED 30 JUNE 2024 4 Charitabl8 Activities 2024 2023 Grants madelcommitted in ear - all lo Institutions 46 grants madel committed in the year12023.' 41 grants) Further details In note 8 132.000 126,800 ort Costs Independent examinèrs fées Bank charges Broadfield Law LLP - fees Ishared equally beell funds) 3,444 85 17,004 3,336 10 18,016 Total Charltable A¢tlvltleg 152.533 148.162 Expenditure on charitable activities includes £144,031 12023 £139,154) spent from Unrestricted Funds and £8,50212023. £9.0081 spent from Expendable Endowment funds. S Inv•$tmonts Reallsed and unrealised gains and 11088881 Addltlon$ at ¢o$t 2023 Dlsposals 2024 Quoted securities 5130 112 262.472 294 057 583 005 5681532 Realised losses Unrealised gains 116,7751 599,780 Historic cost as at 30 June 2024 3 281 977 12023. £3,248,840 1 6 Cash 2024 2023 Melrobank Broadfield Law UK LLP Rathbone Investment Management 54.000 14 161,969 24,626 14 118.849 215983 143 489 7 Credltorg 2024 2023 Accruals Grants payable 39.563 43.000 4.428 14.000 Page 10
THE BLYTH WATSON CHARITABLE TRUST NOTES FORMING PART OF THE FINANCIAL STAEMENTS FOR THE YEAR ENDED 30 JUNE 2024 8 Movomgnt in recognised grant commitments during the year 2024 2023 Grant Commitments recognised al the start of the year New grant commitments charged lo the SOFA Inole 4 & 91 Grants paid during the year 14,000 132,000 1103,0001 47,000 126,800 1159,8001 Amount of grant ¢ommltm•nts recognised: 30 June 2024 9 Grant8 committed 2024 2023 Agroed at the Novernber 2023 meetlng Action AT Barts Charity Christmas Appeal Behind Every Kick Chailey Heritage Foundation Chestnut Tree House Crisis Cystic Fibrosis Dystonia UK Footsteps Hackney Night Shelter Harringey Law Centre Little Lifts Magic Breakfast Merton Music Foundation National Youth Choir (via the Big Givel Off the Record Twickenham Redhill Food Bank Royal Tr1nity Hospice Sherriff and Recorde¢s Fund Singers Resound Society for the Relief ol Distress Sonoro South Vvest London Law Centré St Chrislopherfs Hospice st John's Hospice Street Storage Streets of London Swaffham Bulbeck Primary School The COnneCtOn al St Martins The Don's Local Action Group The Foundling Museum The Old Vic The Passage The Ways and Means Trust 2.000 2.000 2,000 1,000 1,000 2,000 2,000 2,000 1,000 2,000 1,000 2,000 3,000 2,000 3,000 1,000 2,000 2,000 1,000 2,000 1,000 5,000 5,000 1,000 5,000 2,000 3,000 2,000 5,000 3,000 5,000 2,000 3,000 5,000 1.000 5,000 800 5,000 5,000 5,000 1,000 5,000 2,000 1,000 1,000 1,000 Grants agreed at the November 2023 meeting carried forward 62,000 53 800 Page11
THE BLYTH WATSON CHARITABLE TRUST NOTES FORMING PART OF THE FINANCIAL STAEMENTS FOR THE YEAR ENDED 30 JUNE 2024 9 Grants committed{... contl 2024 2023 Grants agreed al the November 2023 meeting brought forward 62.000 53,800 Agr¢ed at the June 2024 meeting Barts Charity Batten Disease Family Association Eve Appeal Haringey Law Centre Horseback UK L'arche LMK (Let Me Knowl Malaria Con50rtium Multitude of Voices Princess Alice Hospice Reading Central District Scout Group Royal Albert Hall Trust Royal Academy of Music Royal Trinity Hospice Sheriff and Recorder's Fund Society for the Relief ol Distress Society ol Friends of Foreigners in Distress Sonoro South West London Law Cenlré St Sepulchre wilhoul Newgate The Big Give Trust via DEC - Ukraine Appeal The Oystonia Society The Project Trust Trussell Trust YMCA Young Minds 10,000 2.000 2,000 3,000 1,000 5,000 2,000 1.000 1.000 1,000 1,000 1,000 2,000 1,000 2,000 2,000 5,000 5,000 5,000 1,000 5,000 5.000 5.000 2.000 3.000 5,000 3.000 2.000 5,000 2,000 1,000 3,000 3,000 3.000 3,000 50.000 53,000 Other payments National Youth Choir via the Big Give New College Oxford Stepchange The Foundling Museum 3.000 15.000 2,000 20,000 20,000 20,000 132.000 126,800 Page 12
THE BLYTH WATSON CHARITABLE TRUST NOTES FORMING PART OF THE FINANCIAL STAEMENTS FOR THE YEAR ENDED 30 JUNE 2024 10 Analysis of assets between funds Unrestricted Endowment Fund Fund Total 2024 Total 2023 Investments Current Assets Creditors Inter fund borrowing 5.681,532 5,681,532 215,983 182,5631 5,130,112 143.489 118,4281 215,983 180.4331 144,283 12,1301 1144,2831 Total Net Asset8 279,833 5,535.119 5,814,952 5,255,173 Prlor year cornparative.. Unrestricted Endowment Fund Fund Total 2023 Total 2022 Investments Current Assets Creditors Inter fund borrowing 5,130,112 110,8031 19,4201 1128.1941 5,130,112 143,489 118,4281 5,110,662 157,868 150,7101 154,292 19,0081 128.194 Total Net A88ets 273.478 4,981,695 5,255.173 5,217,820 11 Infomiatlon regardlng Trusteeg remuneratlon and rolatod party tran8actlon8 The charity has no employees 12023.. none). No trustee received remuneration and no expenses were reimbursed during the year current or prior year. The trustees of the charity are partners al Broadfield Law UP LLP who administer the charity. Fees of £17,00412023 £18,0161 were payable to Broadfield by the charity during the year. Al the year end amounts owed to Broadfield lolalled £4,26012023. £1,500) Thesè arè included within th8 accruals. There were no other related paty Iransaclions12023'. none). Page 13
THE BLYTH WATSON CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023 Showing the split between funds 12 Expendable Unrestricted Endowment Fund Fund Total Fund$ 2023 Income and Endowmentg from: Investments 154,292 154,292 Total 1 $4,292 154,292 Expendlture on: Raising funds 20,288 20,286 Charitable activities 139,154 9,008 148,162 Total expendlture 139,154 29,294 168,448 Net Income I IExpendituro) 15,138 129,2941 114,1561 Reallsed and unrealised gain8 IIOs8e8} on investments 51,509 51,509 Net rnovement Sn funds 15,138 22,216 37,353 Roconclllatlon of funds.. Fund balances brought forward 258,340 4,959,480 5,217,820 Total funds carried forward at 30 June 2023 55, Page 14