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 con￿rn 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 a￿ount$ 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 2￿5 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 a￿ordarnCe 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 resp￿1..
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 COn￿mS and have come across no other matters In connection with the examination lo which attention should be
awn in this re￿rt 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
p￿e5

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 a￿1VitieS
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 be￿￿ell 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 COnneCt￿On 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