THE BLYTH WATSON CHARITABLE TRUST
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
REGISTERED CHARITY NO 1071390
THE BLYTH WATSON CHARITABLE TRUST
CONTENTS
| Page | |
|---|---|
| Trustees' Report | 1 - 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 - 14 |
THE BLYTH WATSON CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2025
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 2025.
Reference and Administration Details
Full name: The Blyth Watson Charitable Trust Registered Charity number: 1071390 Principal address: Broadfield Law UK LLP One Bartholomew Close London EC1A 7BL Trustees: Alastair John Calvert Collett Elizabeth Ann Neale Administrators Broadfield Law UK LLP One Bartholomew Close London EC1A 7BL Independent Examiner: Price Bailey LLP Tennyson House Cambridge Business Park Cambridge CB4 0WZ 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 UK 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.
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THE BLYTH WATSON CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2025
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 twice 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 maintained their value in the current 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 trustees and treated with the utmost seriousness.
Achievements 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 9). It was agreed at their meetings to usually make individual grants of no greater than £7,000. The trustees have made a number of significant one off grants to a small number of charities. The trustees noted the level of appeals received, which in most cases fell within their criteria, but continued 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 to 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 biannual basis to review the achievements and performance of the charity as well 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 between 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 per annum (approximately 3%) from the portfolio. The investment manager has informed the trustees that their income may be affected by the economic crisis. The trustees will continue to review this and advice from the
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THE BLYTH WATSON CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2025
Investment Policy and Performance (...cont)
manager throughout the year. The investment manager provided a detailed report and has attended one meeting. The manager also provides quarterly reports for review. The trustees accepted the overall performance of the portfolio and professional advice provided, given the current market conditions, and continue to review the portfolio regularly and at their meetings.
Reserves Policy
The trustees have expressed the wish to maintain their endowment, distributing the income arising. They agreed to make distributions of £50,000 to £55,000 per meeting and are prepared to use the Expendable Endowment Fund for this purpose. Any surplus will be retained on the Unrestricted 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 to commit to projects. The trustees consider the level of reserves shown in the accounts with a view to making additional distributions in future years. In the year the net income after expenditure was £80,110 (2024: £6,335) for the Unrestricted Fund. The Unrestricted Fund balance of £359,943 on 30 June 2025 (2024: £279,833) will be available for distribution which the trustees can consider in future years. The Expendable Endowment Fund had borrowed a total of £163,503 from the Unrestricted Fund at 30 June 2025 (2024: £144,283)
Financial Activities
The trust received income of £150,945 (2024: £150,386). At the year end the trust funds were held in investments and cash.
Total expenditure was £98,685 (in July 2025, grants totalling £50,000 were agreed and paid post year end) (2024: £173,612). Fundraising costs and administrative costs had been kept under review. Fundraising costs and part of the administration costs are charged to the expendable endowment: £27,850 (2024: £29,581). The trustees noted the realised and unrealised gains and losses on their investments: net gains of £177,020 in 2024/25 (2024: £583,005), reflecting the overall stock market situation. They decided to continue their policy of using a guideline of £50,000 to £55,000 per meeting for grants, accepting there may be occasions when slightly more was distributed.
Provision has been made for the administration fees paid to Broadfield Law UK LLP 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 of reserves and future objects of the charity and have concluded that it 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 concern basis in the preparation of the financial statements.
The trustees have assessed the trust's requirements for the foreseeable future, including the trust’s contingency plans if the investment income is significantly reduced, and are confident that sufficient funds will be available to enable operations to continue at a sustainable level for a period of at least 12 months from the date of approval of these financial statements. The Trust therefore continues to adopt the going concern basis in preparing its financial statements. As such, the financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist.
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THE BLYTH WATSON CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2025
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charities SORP 2019 (FRS102);
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the charity.
20 Apr 2026 A J C Collett Alastair Collett (Apr 20, 2026, 10:57am) Alastair John Calvert Collett Date Trustee
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THE BLYTH WATSON CHARITABLE TRUST
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE BLYTH WATSON CHARITABLE TRUST
FOR THE YEAR ENDED 30 JUNE 2025
I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 June 2025, 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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
27 April 2026
Suzanne Goldsmith FCA For and on behalf of
Date
Price Bailey LLP Tennyson House Cambridge Business Park Cambridge CB4 0WZ
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THE BLYTH WATSON CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025
| Note Unrestricted Fund £ Income and Endowments from: Investments 2 150,945 Total 150,945 Expenditure on: Raising funds 3 - Charitable activities 4 70,835 Total Expenditure 70,835 Net Income / (Expenditure) 80,110 5 - Net Movements in Funds 80,110 Reconciliation of Funds: Fund balances brought forward 279,833 359,943 Total funds carried forward at 30 June 2025 Realised and unrealised gains on investments |
Expendable Endowment Fund £ - - 22,261 5,589 27,850 (27,850) 177,020 149,170 5,535,119 5,684,289 |
Total Funds 2025 £ 150,945 150,945 22,261 76,424 98,685 52,260 177,020 229,280 5,814,952 6,044,232 |
Total Funds 2024 £ 150,386 |
|---|---|---|---|
| 150,386 21,079 152,533 |
|||
| 173,612 (23,226) 583,005 |
|||
| 559,779 5,255,173 |
|||
| 5,814,952 |
The notes on pages 8 to 14 form part of the financial statements
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THE BLYTH WATSON CHARITABLE TRUST
BALANCE SHEET AS AT 30 JUNE 2025
==> picture [461 x 270] intentionally omitted <==
----- Start of picture text -----
Notes 2025 2024
£ £ £ £
Fixed Assets
Investments 5 5,848,971 5,681,532
Current Assets
Cash at bank 6 209,798 215,983
Less: Current liabilities
Creditors 7 14,537 82,563
Net Current Assets 195,261 133,420
Total Net Assets 6,044,232 5,814,952
Funds of the charity: 10
Unrestricted Fund 359,943 279,833
Expendable Endowment Fund 5,684,289 5,535,119
6,044,232 5,814,952
----- End of picture text -----
The notes on pages 8 to 14 form part of the financial statements
20 Apr 2026
Approved by the trustees on
and signed on their behalf by:
A J C Collett Alastair Collett (Apr 20, 2026, 10:57am)Alastair John Calvert Collett
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THE BLYTH WATSON CHARITABLE TRUST
NOTES FORMING PART OF THE FINANCIAL STAEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1 Accounting Policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
(a) Basis of accounting
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to give a 'true and fair' view. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
(b) Income and Expenditure
The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. All investment income is accounted for when the charity is entitled to receive the income. Dividends are recognised when the shareholder’s right to receive payment is established. All other income is recognised once the charity has entitlement to income, it is probable that income will be received and the amount of income receivable can be measured reliably. Expenditure and liabilities are accounted for on an accruals basis. All expenditure is shown as Charitable (i.e. support costs - associated with grantmaking), with the exception of Raising Funds (investment management fees).
(c)
Funds
Unrestricted Funds comprise those funds which the trustees are free to use in accordance with the charitable objects. The Endowment Fund represents those assets which are held for the charity, principally investments. 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 (unrestricted), if needed it can be used for grants payable on the Unrestricted Fund.
(d) Investments
Investments represent UK quoted securities and are stated at market value at the balance sheet date. Realised gains and losses are taken to the Statement of Financial Activities on disposal of investments and unrealised gains and losses are taken to the Statement of Financial Activities on revaluation of the assets each year.
(e)
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 trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside the control of the trust.
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THE BLYTH WATSON CHARITABLE TRUST
NOTES FORMING PART OF THE FINANCIAL STAEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1 Accounting Policies (…cont)
(f) Remuneration
Broadfield Law UK and Rathbones Investment Management are paid for administering the trust. The trustees received no personal remuneration or reimbursement of expenses during the period under review, in their capacity as trustees.
(g) Going Concern
The trustees have considered the charity's financial position and the likely impact of the ongoing war in Ukraine and the current economic crisis on financial markets and its future investment income. The trustees are of the opinion that the charity has adequate resources to continue in operational existence for the foreseeable future and there are are no material uncertainties about the charity’s ability to continue as a going concern.
The trustees have assessed the trust's requirements for the foreseeable future, including the trust’s contingency plans if the investment income is significantly reduced, and are confident that sufficient funds will be available to enable operations to continue at a sustainable level for a period of at least 12 months from the date of approval of these financial statements. The trust therefore continues to adopt the going concern basis in preparing its financial statements. As such, the financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist.
The financial statements do not include the adjustments that would result if the trust was unable to continue as a going concern.
(h)
Cash or cash equivalents
Cash and cash equivalents includes cash and short term highly liquid investments with short term maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
(i) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. The trustees do not consider there to be any significant estimates or judgements.
(j) Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measured at their settlement value. The portfolio of investments held by the charity is included at fair value.
2 Investment Income
| Income from investments 3 Raising Funds Rathbones Investment management fees |
2025 £ 150,945 2025 £ 22,261 |
2024 £ 150,386 |
|---|---|---|
| 2024 £ 21,079 |
All expenditure on raising funds in the current and prior year are paid from the Expendable Endowment Fund.
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THE BLYTH WATSON CHARITABLE TRUST
NOTES FORMING PART OF THE FINANCIAL STAEMENTS FOR THE YEAR ENDED 30 JUNE 2025
4 Charitable Activities
| Grants made/committed in year-all to institutions 22 grants made/ committed in the year (2024: 46 grants) Further details in note 8 Support Costs Independent examiners fees Bank charges Broadfield Law UK LLP - fees (shared equally between funds) Total Charitable Activities |
2025 £ 62,000 3,216 30 11,178 76,424 |
2024 £ 132,000 3,444 85 17,004 |
|---|---|---|
| 152,533 |
Expenditure on charitable activities includes £70,835 (2024: £144,031) spent from Unrestricted Funds and £5,589 (2024: £8,502) spent from Expendable Endowment funds.
5 Investments
| 2024 £ Quoted securities 5,681,532 3,281,562 ( 30 June 2024 : £ 3,281,977 ) 6 Cash Metrobank Broadfield Law UK LLP Rathbone Investment Management 7 Creditors Accruals Grants payable Historic cost as at 30 June 2025 |
Realised and unrealised Additions at gains and cost Disposals (losses) £ £ £ (320,411) 177,020 Realised losses 468 Unrealised gains 176,552 2025 £ 7,630 14 202,154 209,798 2025 £ 5,537 9,000 14,537 310,830 |
2025 £ 5,848,971 |
|---|---|---|
| 2024 £ 54,000 14 161,969 |
||
| 215,983 | ||
| 2024 £ 39,563 43,000 |
||
| 82,563 |
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THE BLYTH WATSON CHARITABLE TRUST
NOTES FORMING PART OF THE FINANCIAL STAEMENTS FOR THE YEAR ENDED 30 JUNE 2025
8 Movement in recognised grant commitments during the year
| Grant Commitments recognised at the start of the year New grant commitments charged to the SOFA (note 4 & 9) Grants paid during the year Amount of grant commitments recognised: 30 June 2025 9 Grants committed Agreed at the December 2024 meeting Action AT Amber Trust Barts Charity Christmas Appeal Batten Disease Family Association (Bertie's Helpers) Blackfriars' Settlement Chestnut Tree House Connections at St Martin in the Field Cystic Fibrosis Dystonia UK East Anglia Children's Hospices Faith in Action - Merton Homelessness Project Foundling Museum Hackney Night Shelter Haringey Law Centre Little Lifts Merton Music Foundation National Youth Choir (via the Big Give) Nelson Trust Oxfordshire Homeless Movement Pets as Therapy Redhill Food Bank Royal Trinity Hospice Sheriffs' and Recorder's Fund Singers Resound Society for the Relief of Distress Sonoro Sophie's Legacy South West London Law Centre St Christopher's Hospice St John's Hospice Strawberry Hill Museum Streets of London The Connection at St Martins The Don's Local Action Group Grants agreed at the December 2024 meeting carried forward |
2025 £ 43,000 62,000 (96,000) 9,000 2025 £ - 1,000 2,000 2,000 2,000 - 5,000 - - 2,000 2,000 3,000 2,000 3,000 - - 2,000 2,000 2,000 2,000 - 5,000 5,000 - 5,000 - 1,000 3,000 - - 3,000 5,000 - - 59,000 |
2024 £ 14,000 132,000 (103,000) |
|---|---|---|
| 43,000 | ||
| 2024 £ 2,000 - 2,000 - - 2,000 - 1,000 2,000 - - - 2,000 3,000 1,000 2,000 1,000 - - - 1,000 5,000 5,000 1,000 5,000 2,000 - 3,000 2,000 - - 5,000 5,000 1,000 |
||
| 53,000 |
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THE BLYTH WATSON CHARITABLE TRUST
NOTES FORMING PART OF THE FINANCIAL STAEMENTS FOR THE YEAR ENDED 30 JUNE 2025
| 9 Grants committed(… cont) Grants agreed at the December 2024 meeting brought forward The Foundling Museum The Old Vic The Passage The Ways and Means Trust York Steiner School Agreed at the June 2024 meeting (Trustees met July 2025) Haringey Law Centre L'arche LMK (Let Me Know) Malaria Consortium Multitude of Voices Reading Central District Scout Group Royal Albert Hall Trust Royal Trinity Hospice Sheriff and Recorder's Fund Society for the Relief of Distress Society of Friends of Foreigners in Distress Sonoro South West London Law Centre The Dystonia Society The Project Trust Trussell Trust YMCA Young Minds Other payments The Foundling Museum |
2025 £ 59,000 - - 1,000 - 2,000 62,000 - - - - - - - - - - - - - - - - - - - - - 62,000 |
2024 £ 53,000 5,000 2,000 1,000 1,000 - |
|---|---|---|
| 62,000 | ||
| 5,000 2,000 1,000 1,000 1,000 1,000 2,000 5,000 5,000 5,000 2,000 3,000 5,000 2,000 1,000 3,000 3,000 3,000 |
||
| 50,000 | ||
| 20,000 | ||
| 20,000 | ||
| 132,000 |
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THE BLYTH WATSON CHARITABLE TRUST
NOTES FORMING PART OF THE FINANCIAL STAEMENTS FOR THE YEAR ENDED 30 JUNE 2025
10 Analysis of assets between funds
| Investments Current Assets Creditors Inter fund borrowing Total Net Assets Prior year comparative: Investments Current Assets Creditors Inter fund borrowing Total Net Assets |
Unrestricted Fund £ Unrestricted Fund £ - (13,358) 209,798 163,503 359,943 279,833 - 215,983 (80,433) 144,283 |
Endowment Fund £ 5,848,971 - (1,179) (163,503) 5,684,289 Endowment Fund £ 5,681,532 - (2,130) (144,283) 5,535,119 |
Total 2025 £ 5,848,971 209,798 (14,537) - 6,044,232 Total 2024 £ 5,681,532 215,983 (82,563) - 5,814,952 |
Total 2024 £ 5,681,532 215,983 (82,563) - |
|---|---|---|---|---|
| 5,814,952 | ||||
| Total 2023 £ 5,130,112 143,489 (18,428) - |
||||
| 5,255,173 |
11 Information regarding Trustees remuneration and related party transactions
The charity has no employees (2024: none). No trustee received remuneration and no expenses were reimbursed during the year current or prior year.
The trustees of the charity are partners at Broadfield Law UK LLP who administer the charity. Fees of £11,178 (2024: £17,004) were payable to Broadfield Law UK by the charity during the year.
At the year end amounts owed to Broadfield Law UK totalled £2,358 (2024: £4,260). These are included within the accruals.
During the year, grants of £5,000 were paid (2024: £15,000) to Sonoro (2025: £NIL, 2024: £5,000) and the Sheriffs' and Recorder's Fund (2025: £5,000, 2024: £10,000). Elizabeth Neale is a trustee of Sonoro and Alastair Collett is a trustee of the Sheriffs' and Recorder's Fund. Neither of the trustees received a personal benefit, whether direct or indirect, from the transactions. There were no amounts outstanding at the year end (2024: £5,000).
There were no other related party transactions (2024: none).
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THE BLYTH WATSON CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 Showing the split between funds
| 12 Income and Endowments from: Investments Total Expenditure on: Raising funds Charitable activities Total expenditure Net Income / (Expenditure) Realised and unrealised gains (losses) on investments Net movement in funds Reconciliation of funds: Fund balances brought forward Total funds carried forward at 30 June 2024 |
Unrestricted Fund £ 150,386 150,386 - 144,031 144,031 6,355 - 6,355 273,478 279,833 |
Expendable Endowment Fund £ - - 21,079 8,502 29,581 (29,581) 583,005 553,424 4,981,695 5,535,119 |
Total Funds 2024 £ 150,386 |
|---|---|---|---|
| 150,386 | |||
| 21,079 152,533 |
|||
| 173,612 | |||
| (23,226) 583,005 |
|||
| 559,779 5,255,173 |
|||
| 5,814,952 |
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