Charity Number: 1093610 THE BIANES TRUST STATEMEKf OF AccouKfs FOR THE YEAR ENDED 31 PAARCH 2025 THE BLANES TRUST ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS Page Trustees, Annual Report 1&2 Independent Examinor'g Report Statem&nt of Financial Activities Balance Sheet Notes to the Accounts 6t09 THE BLANES TRUST TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report and financial statem&nts of the charity for the year ended 31 March 2025 Objects and Policles The Funds are to be applied for or towards such charitable purposes at such time or times and in such manner as the Trustees shall in their absolute discretlDn think fit. The objectives are fulfilled by the Trustees through consideration of appeals and making grants or donations In response thereto. Funds held pending disbursement may be invested In securities of whatsoever nature the Trustees think fit. Acllvltles and achlevements durlng the year The Truste8s continued to consider requests for funding and to respond thereto. Income amounted to £111,933, which included a donation from the settlor of £90,001. This compared to £103,691 ( including a donation of £85,000 from the settlor) in the previous year. Donations of £56,500. wer8 made during the year compared to £55,000 in the previous year. Support costs totalled £4,233. Admlnlstrntlon Informatlon The Blanes Trust 19 constituted by a Trust Deed dated 13th March 2002 and 18 a registered Charity number 1093610 under clause 4(1). The statutory power of appointing new or additional Trustees is by a resolution of the Trustees passed at a special meeting. There is a minimum number of three Trustees. Tru8tee8 Thomas R L Astor Susle F Astor K Mackenz]e-Davey Address 3rd Floor, 12 Gough Square London, EC4A 3DW All anquirias should ba addressed to Sayers Butterworth LLP Ref SMS Bankers Investment Advisor Barclays Rathbone Investment Management Barclays Bank Leicester 30 Gresham Street Leicestershire LE87 2BB London EC2V 7QN Independent Examlner Sayers Butterworth LLP 3rd Floor. 12 Gough Squara London. EC4A 3DW Page 1 THE BLANES TRUST TRUSTEE8 ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 20 Risk Fa¢tor8 The Trust88s h8V8 lak8n advantage of 8xempllon av2llabl8 for charllle8 with Incomlng ￿sOurceS of le8S than £500,000 not to cary out a rfsk assessment. Investment Poll¢y There are no restrictions in the Trust Deed. The Trustees operats a low risk poliGy With a balance of Income and capital growth. The investments are currently held in a mixture of slack market investrnents and cash depoBIt8. There V￿re unrealised I realised losses of £27.555 on the investments held. This comp8red with unrealised I realised gaiDS of £81,953 in the previous year. Reseries Pollcy It Is th8 Trust8es pollcy to restrfct outgolng resourcès to the available Income. Clause 2 of the Trust Deed glves the power to apply the Trust fund and the income Ihereof for such Charitabl8 purposes as the Trusiees shall in their absolute dlsGrellon determlne. Accordlngly It18 PO8slble to malntaln re8erve8 at a mlnlmal18vel. Publlc Beneflt The Trustees confirm thal they have Gomplied with the duty in Sectlon 17 of the Charltles Act 2011 to have due regard to the general guldance Issued by th8 Charlll88 Comm188lon on publlc benefft. Rolated Party Tran8actlons There were no related paty tran88cilons during the perlod. Responslbllltles of the Trustees The Trustees are resF)on8ible for preparing the Trustees, report and finandal 5tstements In accordance with appllcable law and Uniled Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Practice). The law appllcable to charftle8 In England & Wale8 require8 the Trustees lo prepare financial statemènts for 88ch flnanclal year.whlch glve a Irue and falr vlew of the state of affairs of the Charty and of the Sncomlng re80urces and appllcatlon of resoU￿e8 of the Charity for thal period. In preparing these flnanclal statements the Tru8tees are requlred to,. select suitabl8 accountlng pollcl88 and then apply them con818tsntly, obs8p48 the method8 8nd prlnciples In the Charities SORP; make Judgments and accounting estimates that are reasonable and prudent: stste whelher applicable UK Acwunling Standards have been followed, Subject ta any material departures disclosed and explalned In the flnandal statements; and prepar8 the finandal 8tatements on the golng concem basis unless it is inappropriate to presume that the charity will continue in operallon. The Trustee5 are responslble for keeplng adequate accountlng records thal are suffident to show and explain the charity's transactlons and dlsclose reasonable accuracy at any time the financial position of the charlty and enable them to ensure that the financial statements comply with the Charities Act 2011. th8 Charity (Accounts and Reports) Regulation8 2008 8nd the provisions of the Trust Deed. They are also responslble for safeguardlng the assets of the charity and hence for tsking reasonable st &far th8 prevenllon of fraud and other Irregutarltles. T Astor Signed on bah If of the Trusts8S'. Date: 9 December 2025 Page 2 THE BLANES TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Independent Examlnerfs Report to the Trustees ol The &ane8 Trust I report to the charity Trustees on my examinations of accounts of The Blanes Trust for thè year ended 31 March 2025 vknich comprise the Ststement of Firwicial Actsvikne5, the Balance Sheet and related notes. Thls report is made solety to the charitys Irustees, as a body, In accordance ￿￿th seclion 145 of th8 Charities Act 2011. My Y￿rk has b88n undertaken so that I migm slate to Charity's trustees those matters l am required to state to them in an Independent Examinees report and for no other purpos8. To th8 fullest 8￿ent Permitted by law. I do not accept or assume responslbil'ty to aryone other than th8 Charity and the Charity'8 trustees as a body. for my v￿rk. for thls report. or for th8 O￿niOnS I hav8 ft)m)ed. ReBponslbllltles and basls of roport As the Trustees of the Charity you are re8pon8lble for the preparalion of the financial statements in accordance wtlh the requlrements ofthe Charitles Act 2011 Cth8 Acl). I rewrt In respect of my examInati￿ of the Charitys financial statemenis carried out under section 145 of the Act and in carrying out my examinallons I have follty•ed 811 the appllcabl8 Directions given by the Charity Commission under section 145(5)Ib) of Ihe Act An independent examinat6on does not Invofve gathering all the evldenc8 that VK)uld be required In an audit and consequenlty does not cover all the matters that an auditor considets in giving thelr oplnlon on the financlal 8taternents. The planning and condu(* of an audit goe8 beyorkl the Ilmrted assurance that an Ind&p8ndent examination can providg. Consequently l exp￿$8 oplnlon as to vthèther th8 finanaal Statements present a 'lrue and fair ￿eW and my report Is limited to those spec4fic matters set out in the Independent examlnerfs st*ment Independent examlneff8 Statement I have ccmpleted my examlnatlon. I confirm that no materfal matters have come to my attentlon In connection ith the examination giving me cause to believe that In 8ny m8tsrial respect: accounting record5 were not kept in respect of the charity as requlred ty section 130 of the Ac( or the finanryal statemerrts do not accord th05e records: or the financial statements do not comply wilh the applicable rewirements concerning the forn content of a¢￿Unts set aut in the Charities {Afxounts and Reptyts) Regulatlons 2008 cther than any requirement that the aco)unts give a 'true and fair vlew 18 not a rnatter considered as part of an independent examination. I have no concems and have come across no other matters in connection y￿th the examination to ￿1¢h attentlon should be dr8vm In this report in order to endable a proper und8rstanding of the finanrAal statements to be reached. Andrew Burch, FCA Sayers Butterwjrth LLP 3" Floor 12 Gough Squar8 London EC4A 3DW Date: g December 2025 Page 3 THE BLANES TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Note Expendable Endowment Unrestricted Funds 2025 Total Funds 2024 Total Funds Income from: Investment income Donation from settlor 21.932 21,932 90,001 18.691 85,000 90.001 Total Income 90.001 21.932 111933 103,691 Expendlture on: Raising funds Charitable activities 6,972 2.100 6,972 60,733 6,419 59,088 58,633 Total •xp•ndltur• 9,072 58,633 67,705 65.507 Net {loss) Igains on Investments (27.555) (27,555) 81,953 Net Income and movemont In funds 53,374 (36.701) 16,673 120,137 Trnnsfer of fund8 (50,000) 50,000 Reconclllatlon of funds Total funds brought forward 1,122,179 30,588 1,152,767 1,032,630 Total funds carrfed fO￿ard 1,125,553 43,887 1,169.440 1,152,767 All actvities relate to continuing operations. The notes on pages 6 to 9 fom) part of these financial statements. Page 4 THE BLANES TRUST BALANCE SHEET ASAT 31 MARCH 2025 31 March 202S 31 March 2024 Note Fixad Assèt Invastm•nts at Markot Valua Quoted investments UK quoted securttleg Current As80ts Debtors Dlvldend 1,100.351 1,109.569 784 1,356 Cash at Bank Barclays Rathbone Investment Management Capltal Account CAF 33,698 31,620 9,984 30,988 16,624 74,548 48,244 1,175,683 1,159,169 Current Ilabllltlos Sayers Butterworth LLP Sayers Butlerworth LLP Independent Examlnars Rathbone Investment Management 3,120 3,040 1,500 1,623 1,700 1,682 6,243 6,402 Not Assets 1169440 1152 767 REPRESENTING: Expendable Endowment Funds 13 1,125,553 1,122,179 Unrestrlcted Income Funds 13 43,887 30,588 1169440 1152 787 The ac re approved by the Trustees on 9 December 2025 and slgned on thelr behalf, by. T Astor Page 5 THE BLANES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 202S 1 Accounting Policie5 (al Basis of preparatlon of financlal statements The financial statements have been prepared In xcordance with Slat8m6nt of Recommended Ac￿UntIng and Reporling by Ch8riti8S préparing Iheir accounts In accordance %Mth the Financial Reporting Stsndard applicable in the United lQngdorn and RepubliG of Ireland (FRS 102) (Second Ed￿On) and the Financial Standard applicable in Ihe United lfjngdom and Republ￿ of Ire5and (FRS 102) and the Charilies Act 2011. Th8 financial stalèrnénts have been prepared to glve a Irue and lairf vrew 8ThJ have departed from ￿ Charities (Accuunts and Rep¢yt5) Regul4llons 2008 On￿ to the exlent required to provide a 'true and faw vieyl. Thi¥ departure has invofved following Accounting and Reporting by Gharibes preparing their a￿Unts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102) (Second Edthn) rather than the Accounting Rewting by Charities: Slatemenl of Recommended Praoticè èff@ctNe from 1 April 2005 which has slnce teen ￿￿thdraWn. Th8 Blanes Tr￿81 is a public benefit entty as defln&l ty FRS 1￿2. There are no matwial uncertantss regatding the Charivs ability to contlnue and so the going concern basis has been adopted. (b) InGome Investment Income Is 8ceo)unled for In the period in th& tharity is enlilkd to receipL Inve5ts[￿nt ￿cOme received by Ihe Charty qualifying for the repayment of income lax has bEen grossed up fortax recoverth arKI this gross amaurrt is ￿cOgnISed on the SOF Income from donations is included in incoming resources vthen these are ￿e1vable, except as foULV•V¥: When donors SFeafy that donations gNen to the Charity must be used in fulura a￿o￿ntIng periods. the Income Is deferred untll those pèriDcls. When donors Impose COnd￿lOnS whlch have to ￿ fulflled befor& the Trust becomes enlilled to use such income. the income is deferred and not induded in inccming resources until the pre Govemance costs indudé th¢￿ cosls assod*d with meellng tha constitutiond and statutory requirernents of the Charity and indude costs linked to the strategic m8nagement of the Charty. (fj Investments are Ydlued at open marf(elvak (g) Fund aGcounting- Dètali s of the nature and purpose of eath fixKI k set tyJt in note 11. (h) Cash at bank and In hand Cash at bank and In hand indudes cash and short temi hb*ty Iw4uwJ investrnents viith a 8hort malwty of three morrths or less from the dale of aquisition or opening of deposit or simli ar ac¢ounL Pa9È 6 THE BLANES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies (continued) (i) Cr8ditors and provisions Credrtors and provisions are recognised where the charity has a present obligation resuting from a past evenl that will probably result in a transfer of funds to a third paty and the amount due to settl8 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. U) Financlal Instruments The Charity only has financial instruments of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at Settlement value. Trustees Remuneratlon and Expenses No Trustees received remuneration or expenses. Investmént Income 2025 2025 Unrestrlcted Fund• 2025 2024 Expendable Endowm•nt Totsl Totsl Bank deposit interest Dividends 675 21,257 675 21,257 926 17,765 1,93 1,93 18,691 4 Flx8d Asset Investments Quoted Inv￿tmentS 2025 2025 2024 2024 Opening market value at 1 April 2024 Investments transferred from Settlor Additions during the year Disposals during the year Accumulation Dividends Equalisation Payment Net realised (loss)Igain on disposals Net unrealised (loss)Igain on revaluation 1,109.569 90.001 141.743 (213.8341 712 12851 935,150 85,000 398,357 (390.051) (840) (963) 126.592) 5,177 76,776 (27 5551 81,953 Closlng markot value at 31 March 2025 Hlstorlcal cost 1,041,400 1,029,982 2025 2025 2024 Exp•ndab10 Unr•$trlctsd Expendable Endowment Funds Endowmont 2024 Unre8tricted Fund8 S Costs of Charitsble Activities Donations Support costs 56,500 2.133 58.63 55,000 2,044 ,044 2,100 2,100 2,044 ,044 Page 7 THE BLANES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 6 support Costs lincluding Governance costs) 2025 2025 Expvndablo UnTPStrktsd Endowment Funds 2025 2024 Total Total Accountancy and taxauon charyes Year ended 31st March 2025 1.350 1.350 2,700 2,388 Indepfrndent Examlnfrr8 revigw Year ended 31st March 2025 750 750 1.500 1,700 Bank ¢hzTgg8 33 33 7 Donatlons payablo 2025 2024 Camden Girls School Hamp8tead Theatre Mlnority Rights Group Myeloma New Bridgg The Roundhouse Theatre Wlnston's Wish 4.000 16,000 25.000 2,500 5,000 5,000 5.000 15,000 25.000 10,000 The obiècbves of the Tru8t are fulfilled by th? Trustee$ through consldaration of 8ppoals and maklng grants in response thgreio. Al grants made are for the g8n•ral support of the f8dplonL 8 Employees Th8re were no employees during the year 9 Related Party Transactlong Asldo from donallons receivéd during the ￿£r, from one of the trustees, th8ra wer8 no r8lated paty transactions during the parlod. 10 Controlllng Party No one paty has overall control of the TrusL Page 8 THE BLANES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 11 Funds Unrestricted funds comprise those funds thich the Trust is free to use in a¢cordan¢e with the charitable obje¢t8. Expendable endowment fund represents those assets, principally inv8Stments. that are held by the charity on a more permanent basis. Any capital gains or losses arising on the investments fomi part of the fund. Investment management charges and legal advice relating to the fund are charged against the fund. Income ansing on the endowment fund 18 included as Unrestricted income. Clause 3 of the Trust Deed gives the power to apply the Trust Fund for such charitable purposes as the Trustees shall in their absolLrte discretion detemiine. 12 Analy818 of cash and cash oqulvalonts 2025 2024 Cash at bank 74,548 48,244 74,548 48,244 13 Analy818 of net a880ts between funds Exwndabl• Unro8trlct•d Endowm•nt Incom• Fund Fund 2025 2024 Total Total Fund balances at 31 March 2025 are represented by.. Fixed assets Current assets Creditors.. amounts falling due wthin one year 1,100,351 29,135 3.933 1,125.553 1,100,351 1,109,569 46,197 75,332 49,600 2.310 6.243} 6.402 43,887 1,169.440 1.152,767 14 Statoment of funds 8rou9ht Forw•rd Incorning Exp•ndltur• Gaino 1 Resourc Tr•n•f•r bgtweon Fund• Carriod Forward Unrestricted funds 30,588 21,932 58,833 50,000 43,887 Expendable endowment funds 1.122.179 90,001 9,072 27.555 50,000 1.125,553 Total of funds 1.152.767 111,933 67,705 27.555 1.169.440 Page 9