REGISTERED CHARITY NUMBER: 1092201
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
FOR
THE GEORGE'S GARAGE (GEORGE AND MAISIE BLACKBURN) CHARITABLE TRUST
Rushtons Chartered Accountants Shorrock House 1 Faraday Court Fulwood Preston Lancashire PR2 9NB
THE GEORGE'S GARAGE (GEORGE AND MAISIE BLACKBURN) CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 12 |
| Detailed Statement of Financial Activities | 13 |
THE GEORGE'S GARAGE (GEORGE AND MAISIE BLACKBURN) CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
The trustees present their report with the financial statements of the charity for the year ended 30 April 2025. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the trust, as set out in the terms of the will, are to apply the income and capital for the furtherance of such charitable objects or purpose in such proportions as the trustees shall from time to time think fit. The charity invites charitable organisations to apply for grants, which are awarded at the trustees' discretion. The Trustees seek to support charitable organisation for the benefit of children and young people in the South Fylde areas. The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the year.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
Details of the grants made during the year in the furtherance of these objectives are set out in the notes to the accounts.
FINANCIAL REVIEW
Financial position
The details of the charity's income and expenditure for the year and its net assets at 30 April 2025 are on statement of financial activities and balance sheet of the accounts. There are no restrictions on the charity's power to invest. The investment strategy is reviewed regularly by the trustees and takes account of demand for funds.
Reserves policy
The reserves policy is to hold the original capital received under the terms of the will and to generate an appropriate level of investment income to be applied for the provision of grants and to cover annual management and administration costs.
At 30 April 2025, £1,564,979 was held in the capital account to generate future investment income. At 30 April 2025 £146,194 was held in the income fund to be used to fund future grant applications and management and administration costs.
FUTURE PLANS
The trustees plan to apply income for the provision of grants for charitable objects or purposes as appropriate. Local charitable organisations have been made aware of the availability of grants for appropriate projects and an increase in applications is expected as this becomes more widely know. The trustees wish to distribute the accumulated income within the coming year but have in the past been unable to so do because of the limited number and nature of applications.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
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THE GEORGE'S GARAGE (GEORGE AND MAISIE BLACKBURN) CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
The Trust was established on 2 November 1999 under the terms of the last will of George William Blackburn dated 5 May 1998. The Trust is subject to the Standard Provisions of the Society of Trust and Estate Practitioners (1st Edition). the residue of the estate was transferred to the Trust in January 2006 and was subsequently invested.
Recruitment and appointment of new trustees
In identifying and appointing trustees the existing trustees approach prospective candidates which are resident in the communities which are primarily served by the Trust, who have appropriate business or professional experience in management and administration, and also are already engaged in public service. Before appointments they are asked to supply a CV and are interviewed before an invitation is made. Thereafter, appropriate identification checks for anti-money laundering and other purposes are concluded before appointment is ratified.
Risk management
The trustees have assessed the major risks which may arise in the conduct of the charity and will monitor these annually.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1092201
Principal address
C/O Harrison Drury Assembly Rooms Dicconson Terrace Lytham Lancashire FY8 5JY
Trustees
J D G Hinchliffe E Townsend C R Dickson
Independent Examiner
Rushtons Chartered Accountants Shorrock House 1 Faraday Court Fulwood Preston Lancashire PR2 9NB
21/11/2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by: A_~ ..........................................................
C R Dickson - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GEORGE'S GARAGE (GEORGE AND MAISIE BLACKBURN) CHARITABLE TRUST
Independent examiner's report to the trustees of The George's Garage (George and Maisie Blackburn) Charitable Trust
I report to the charity trustees on my examination of the accounts of The George's Garage (George and Maisie Blackburn) Charitable Trust (the Trust) for the year ended 30 April 2025.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Christopher Calvert ACA
Rushtons Chartered Accountants Shorrock House 1 Faraday Court Fulwood Preston Lancashire PR2 9NB 10/12/2025 Date: .............................................
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THE GEORGE'S GARAGE (GEORGE AND MAISIE BLACKBURN) CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2025
| Notes INCOME AND ENDOWMENTS FROM Investment income 3 EXPENDITURE ON Raising funds 4 Charitable activities Grants Other Total NET INCOME/(EXPENDITURE) Other recognised gains/(losses) Gains on revaluation of fixed assets Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2025 2024 Unrestricted Total funds funds £ £ 46,278 42,201 14,383 13,574 40,650 12,580 3,151 5,606 58,184 31,760 (11,906) 10,441 12,795 119,646 889 130,087 1,710,284 1,580,197 1,711,173 1,710,284 |
2025 2024 Unrestricted Total funds funds £ £ 46,278 42,201 14,383 13,574 40,650 12,580 3,151 5,606 58,184 31,760 (11,906) 10,441 12,795 119,646 889 130,087 1,710,284 1,580,197 1,711,173 1,710,284 |
|---|---|---|
| 13,574 12,580 5,606 |
||
| 31,760 | ||
| 10,441 119,646 |
||
| 130,087 1,580,197 |
||
| 1,710,284 |
The notes form part of these financial statements
Page 4
THE GEORGE'S GARAGE (GEORGE AND MAISIE BLACKBURN) CHARITABLE TRUST
BALANCE SHEET 30 APRIL 2025
| Notes FIXED ASSETS Investments 8 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS |
2025 2024 Unrestricted Total funds funds £ £ 1,566,230 1,568,714 153,760 155,142 (8,817) (13,572) 144,943 141,570 1,711,173 1,710,284 1,711,173 1,710,284 |
|---|---|
The notes form part of these financial statements
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continued...
THE GEORGE'S GARAGE (GEORGE AND MAISIE BLACKBURN) CHARITABLE TRUST
BALANCE SHEET - continued 30 APRIL 2025
| FUNDS | 10 | ||
|---|---|---|---|
| Unrestricted funds: | |||
| Unrestricted income | |||
| 146,194 | 150,645 | ||
| Unrestricted capital | 1,564,979 | 1,559,639 | |
| 1,711,173 | 1,710,284 | ||
| TOTAL FUNDS | 1,711,173 | 1,710,284 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 21/11/2025
............................................. J D G Hinchliffe - Trustee
............................................. E Townsend - Trustee ............................................. C R Dickson - Trustee
The notes form part of these financial statements
Page 6
THE GEORGE'S GARAGE (GEORGE AND MAISIE BLACKBURN) CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1. LEGAL FORM
The trust is a registered charity, established under the last will of George William Blackburn.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The financial statements are prepared on a going concern basis. The trustees are required to assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The Trustees make this assessment in respect of a period of at 12 months from the date of authorisation of the accounts, The majority of the expenditure of the charity is at the discretion of the Trustees and the charity also has sufficient reserves to offset any potential reduction in investment income. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity, therefore the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
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THE GEORGE'S GARAGE (GEORGE AND MAISIE BLACKBURN) CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
2. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Investments
Investments are stated at market value as provided by Canaccord Genuity Wealth Management.
Investment income is credited to the income fund on an accrual basis.
3. INVESTMENT INCOME
| Deposit account interest Dividend income Investment interest 4. RAISING FUNDS Investment management costs Portfolio management 5. GRANTS PAYABLE Grants |
2025 £ 2,720 43,358 200 46,278 2025 £ 14,383 2025 £ 40,650 |
2024 £ 2,542 38,890 769 |
|---|---|---|
| 42,201 | ||
| 2024 £ 13,574 |
||
| 2024 £ 12,580 |
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THE GEORGE'S GARAGE (GEORGE AND MAISIE BLACKBURN) CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
5. GRANTS PAYABLE - continued
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Freckleton Music Festival | 650 | - |
| AKS Lytham Foundation | 35,000 | - |
| Fylde Mayoral Charities | 5,000 | 4,000 |
| Fylde District Scout Council | - | 2,000 |
| Freckleton Parish Council | - | 6,580 |
| 40,650 | 12,580 | |
In considering grant applications the Trustees have sought to benefit all sections of the community in South Fylde and all age groups but with particular emphasis on the Warton and Freckleton area in accordance with wishes expressed by the late George Blackburn. The grants therefore support particular activities or interest groups as well as benefiting the community as a whole in the provision of community facilities and in the support of the Mayoral nominated charities for the year, all of which benefit the wider community.
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 April 2025 nor for the year ended 30 April 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2025 nor for the year ended 30 April 2024.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Investment income EXPENDITURE ON Raising funds Charitable activities Grants Other Total |
Unrestricted funds £ 42,201 13,574 12,580 5,606 31,760 |
|---|---|
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THE GEORGE'S GARAGE (GEORGE AND MAISIE BLACKBURN) CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| NET INCOME Other recognised gains/(losses) Gains on revaluation of fixed assets Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 10,441 119,646 130,087 1,580,197 1,710,284 |
|---|---|
8. FIXED ASSET INVESTMENTS
| Market Value at 1 May 2024 |
Additions | Disposals/ reorganisa tions |
Change in Value |
Market Value at 30 April 2025 |
Cost at30 April 2025 |
|
|---|---|---|---|---|---|---|
| Portfolio | ||||||
| UK Equities |
478,118 | - | (15,150) | 20,261 | 483,229 | 282,084 |
| Domestic Bond Collectives |
223,135 | 57,000 | (18,020) | 6,111 | 268,226 | 265,552 |
| Foreign Equity Collectives |
210,607 | - | 37 | 1,000 | 211,644 | 98,727 |
| Real Estate |
8,606 | - | - | 1,261 | 9,867 | 9,742 |
| Investment Trusts |
603,649 | 85,049 | (103,502) | (16,562) | 568,634 | 392,476 |
| Sub Total | 1,524,116 | 142,049 | (136,635) | 12,071 | 1,541,600 | 1,048,582 |
| Cash Balance |
44,598 | 24,630 | 24,631 | |||
| 1,568,714 | 1,566,230 | 1,073,213 | ||||
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THE GEORGE'S GARAGE (GEORGE AND MAISIE BLACKBURN) CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors 10. MOVEMENT IN FUNDS Unrestricted funds Unrestricted income Unrestricted capital TOTAL FUNDS |
At 1.5.24 £ 150,645 1,559,639 1,710,284 1,710,284 |
2025 2024 £ £ 8,817 13,572 Net movement At in funds 30.4.25 £ £ (4,451) 146,194 5,340 1,564,979 889 1,711,173 889 1,711,173 |
2025 2024 £ £ 8,817 13,572 Net movement At in funds 30.4.25 £ £ (4,451) 146,194 5,340 1,564,979 889 1,711,173 889 1,711,173 |
2024 £ 13,572 |
|---|---|---|---|---|
| 1,711,173 | ||||
| 1,711,173 |
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| Unrestricted income | ||||
| 46,278 | (50,729) | - | (4,451) | |
| Unrestricted capital | - | (7,455) | 12,795 | 5,340 |
| 46,278 | (58,184) | 12,795 | 889 | |
| TOTAL FUNDS | 46,278 | (58,184) | 12,795 | 889 |
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THE GEORGE'S GARAGE (GEORGE AND MAISIE BLACKBURN) CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds Unrestricted income Unrestricted capital TOTAL FUNDS |
At 1.5.23 £ 132,587 1,447,610 1,580,197 1,580,197 |
Net movement At in funds 30.4.24 £ £ 18,058 150,645 112,029 1,559,639 130,087 1,710,284 130,087 1,710,284 |
Net movement At in funds 30.4.24 £ £ 18,058 150,645 112,029 1,559,639 130,087 1,710,284 130,087 1,710,284 |
|---|---|---|---|
| 1,710,284 | |||
| 1,710,284 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds Unrestricted income Unrestricted capital TOTAL FUNDS |
Incoming resources £ 42,201 - 42,201 42,201 |
Resources expended £ (24,143) (7,617) (31,760) (31,760) |
Gains and losses £ - 119,646 119,646 119,646 |
Movement in funds £ 18,058 112,029 130,087 130,087 |
|---|---|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2025.
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THE GEORGE'S GARAGE (GEORGE AND MAISIE BLACKBURN) CHARITABLE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2025
| INCOME AND ENDOWMENTS Investment income Deposit account interest Dividend income Investment interest Total incoming resources EXPENDITURE Investment management costs Portfolio management Charitable activities Grants to institutions Support costs Finance Bank charges Governance costs Accountancy and legal fees Total resources expended Net (expenditure)/income |
2025 £ 2,720 43,358 200 46,278 46,278 14,383 40,650 - 3,151 58,184 (11,906) |
2024 £ 2,542 38,890 769 |
|---|---|---|
| 42,201 | ||
| 42,201 13,574 12,580 65 5,541 |
||
| 31,760 | ||
| 10,441 |
This page does not form part of the statutory financial statements
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