Chvlty r•gistrntlon number 1163134 THE BLACKWOOD ENGINEERING TRUST ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
THE BLACKWOOD ENGINEERING TRUST CONTENTS Pag• TrustO88 reF*Jt In(kp•ndont •x8mlnerf$ Tewt stat¢m•nl oltlwrKifjJ Blanc8 8hg¢1 Note$ to the ststemonts 8-13
THE BLACKWOOD ENGINEERING TRUST TRUSTEES REPORT FOR THE YEAR ENDED 30 APRIL 2024 The truste Fffes8nt thglr mport and accowlts forth8 yw onded 30WI 2024. The financial ststsmts have been pr•par&1 in accudance ilh the aceojntkng 8el in nolo 1 to Iho flnantyal Statents and cCnpty wrth lh• tgovernir¥J docJJmentl. the ChariUe8 Act 2011 and 'Ac£ounlNJ and R$portry by Chariiies.. Stst•nnl of ReCA)MwTrd0 Practic• applkabk lo tharitbs PTeparfng Ihr a¢¢ounl$ In 8¢¢ordance whh tha Fina1&1 Standard applKobkn In th• UK and Republic of lfylaTrJ IFRS 1021" leffectivo 1 January 20191. ObJ•cllvH and a¢tlvl¢l The 818ckwood Englna•riThJ Trust ct4e(¥e advandng tho oducauon of gen9rn1ty bon8fltkng chlldren and young peopk In need by reason of povaty. stho88 or dwbility in th• UK, Belgium, China gnd Indla. The Trusl 1$ tOts1 ffnanced by conlributKJn8 from 818thvood EngIrn9 Ltd vrtth th• approval of the Directors and prlncipal shareholder. the company makes moftlhty cctribUll0nS and as such will h8vg Ilmltod resourc8s and we 11 th¢relore alffl to prlorfvse our donth.ons as lollJw3: . ChBntsbl8 org8ni58t In Blathd En9Ai••rh)g opwats kn th• UK. Chkna •nd around Ihe workt. . Proiocls that benefft chthjm wN¢h hav• lituo tun¢ng frun $lat(rttyy bodkn. Proio¢ts for ¢hlldren largdy run by voluntary LYgAnioft8 Proh8Cts h•lping $ick, dlsatAed ond ¢Xphgd ¢hlldron. In both Chlno Ind1• foc our donabons on a small number of tharflabl• CKgaftSs8tlJr that mo•t our crfterla. ènsuring thot we have maxlmum knpact on th• ehildron we are hng. tt Is our Intgnticffi to nnue to dev8k)p a lontrlwm rdalknnship lth tha8• (ryanwll¢xffj through rwlar donatiom. A¢hl•v•m•nts and p•rfornbanc• thjring th• y•ar lo 30 Aprfl 2024, tho Irust provld8d grants to IndlvklualB aThJ orgwls•tkns lotalllng £95,878 {2023'. £107.3601 In furtrence of its Ch•rItAb obJth8. FINncl•l r•¥l•w Th• trust receNed £74,(M)0 12023.. £60.LN)01 In donakn In tho poriod and pald out wnts lotalllng £95.878 12023.. £107.3601. The trust has r8slrfct8d rn8erMs of £32,361 {2023.' £54.448} whkh wll be In ffiJtuM r$ In furtheranco of its Oblt•S. Tho ¢h•rfty trusi8èS have gen cond81¥ti¢Tr to rn8jof rfsks to vthlch th• tharity is oxpos•J and $8b"$fiod thernstrlv thal FKOC8thras ar• est8blishl in order to manag• Ihoso sk8. Wé undetBland that t1• Is 8 dopendw on BI1>1 ErwJlneèrkng LIMit as an Incne gour. Blackwoc4J EngSn••rirKJ Limlt8d 1$ 8 ¥ucc8ssful buSIn aThJ th• 8k4¢kn)d EngIrng Tvust has rthv become part ol Blackwoe4J En9ineering rrththty budgeted overheads. Thèrè i dose *Iltng and r•Af of Bbckwoc4J Engkneerfng Ltd ffinandal Ststements and rash now proJ8cVons. We do not fcyesee al thls Ilme th¥1 fvnding from Blacknvood Englneering Ltd 11 be an Iswe rf in tha ftrtLrn thè fundirwJ did need to reduce, w& would know in advance ond be 8bl8 to 8¢t proactNety. Grants are only awarded rf r1¥eY i8 availabkn and rf we wwg to work vAth on-going partn&rs th¥n wants are a ygarty bas(8 eywndrre rf oJnmitt&J to kn thance. The trust888 ¢CAwd¥ rewrves are neodgd as thg are for lh8 fuTh benefft of Charity and thè trust dogs not kn¢ur adm1nistratil CC6ts.
THE BLACKWOOD ENGINEERING TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Tha ¢h81ity18 a registergd Chaiilabla Incaypwated Organwbon wa8 registered wlth Charity Cofflmlsslon on 14 August 2015. charty'¥ govert dC*nnI Is CIO Foundathjn CO1. Thè charity has pol1•S in pbce for Risk manag9monL Inv¢sInnts. saf&Ju¥dlng vulnwable b8n8ficiarie8. CcY)flicts of int&r•st. Volunteer management. Complaints handhng arvj payiN4 Staff. Truslees are Ihg key managemant lSonn arKI I1 do rgc4iw lary or expen889 through the tru81. The Injst r1 omploy staff.
THE BLACKWOOD ENGINEERING TRUST TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Reference and admlnhirth• d•t4M• Charlty numb•r: 1163134 Prlnclpal offlc•: TtA{ImInthatr cjo 81ackwrKrfJ Er¥Jneerlng Lknlt•d Gl8nthr Indu$tnal Eslate Aberdlknry Gwent NP13 2LN Tru#t• Mr Oomlnic Connor Or Potsf Lkyd Miss R•baLxa Cr(Thlo Mrs Re¢¢& Watkins Mi$$ Katkn LakatO8 Mrs LLW C8roy Mr Mart GcJdir¥J- Rtssy•d 17101r2024 Mrs Srnh Toln9-ApFolnlod 17K>4r3)24 K•y Mn•q•rn•nt P•r•onn•l Mr Dorninic Connor Dr Peter Lk)yd Miss Rob•cea Mrs Lucy Car•y Mls$ Katlggn Lokat Lucy CharTWon Miss Couth8y MornLh Ind•p•nd•nt Examln•r. Tr DgTh¥ Lime Tw Cwdrff G81• Bush Pwk Cardiff CF23 Bank•r•: HSBC Mallard Way Llansamlfrt Swansea SA7 OAJ Thè trusleos rewt W88 appfDved by the Bowd d Tru•81. Rebecca W•tkl Th18tse Dated..
THE BLACKWOOD ENGINEERING TRUST STATEMENT OF TRUSTEES RESPONSIBILMES FOR THE YEAR ENDED 30 APRIL 2024 Th& trustees are r84)on$itA6 for preparfng tho Twstees Report and th• financtal ststsmants in accordanc8 pplICab law United KlM AccuNirvJ Stand¥ds {Unhed lQngdom G)erdly +4£cèptI AcewnliTrJ Practic81. The law appli¢#ble to {88$ in Eld arKI Wakn rgqulr•s Ihts tru6ts8s to prapgro 1kn8ncaal Btstom•nts for 8èch flnandol year whlch glve a Irue arKI tslr TrAew ol the slat• ol of the ctharity and of thè iOrnIng rosour¢es and pplicatkjn of rèsources of th8 charity lor Ihal ywr. In prnpwng Ihese finandal Statements. the trust or• r•qJred to.. . 8èl¢¢t 8ultable accoLntir•J aThJ then appty them atattr. . objem the m•thods al in the Chartti08 SORP: . mako ludgomonts and 08timate8 that w• w8onabl& pmd•4: - State wh•th¥r awlcabto accounlng $twMJard8 ha¥9 b8on lolh)d, 8ubSecl to any mat•rbal departw dlsclDe0d and gxpL9ined In th fin1 sl•t¢ments.' - propare the financial stat•mont$ on th• b•$ unl998 tt b Inappri•t0 to presuTh that th• ¢h8rity wlll cothnue in operatkjn. Thg tru810&s #re rO8F0nb1• lor keoixng suffia•nt acts)119 that drselow with Tea50nablo 8¢¢uracy a18ny liTh the finandal Fwydibon of the charity and enabl8 Ih8m to en8urn th81 Ihè financAal 8tstsNnls comply with Ihe Cha1$ Act 2011, th¢ Charlty IAcccyJnts and R•p)rtsl Regulallons 2008 and the provlsbn$ of th• tru8t dead. Th&y are also reSpont40 for saftyuarding th• of Iho chadty and rKe taklng r•&sonablvJ steps for lh¥ •vontbn and Oete¢kn ol fraud aNI othgr rowl•rlUoB.
THE BLACKWOOD ENGINEERING TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BLACKWOOD ENGINEERING TRUST I report to the trustees on my examination of the financial statement5 of The Blackwood Engineering Trust (the charity) lor the year ended 30 April 2024. Responsibilities and ba51s of report As the trustees ol the charity you are responsible for the preparab'on of the financial statements in accordance with Ihe requirements ol the Charities Act 2011 Ithe 2011 Acll. I report in respect of my examination ol the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my 8xamination I h8V8 followed all the applicable Directions given by the Chanty Commisslon under Section 14515llbl of the 2011 Act. Independent examinerfs 5tatemont Your attention is drawn lo the fact thal the charity has prepa financSal stalernents in accordance with Accounting and Reporiing by Charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 1021 In prefenCe to the Accounting and Reporting by Charities.. Statement of Recornmended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that this has been done in order for financial statements lo provide a true and fair view in accordance with Generally Aocepled Accounting Practice effective for por11n9 periods beginning on or after 1 January 2015, I have Completed my examination. I confim) that no matters have corne to my attention in connection with the examination giving me cause to believe that in any material respect.. 8ccounling records were not 4ept in respecl of the charity as required by Section 130 of the 2011 Act, or the financial statemenis do not accord with those records., or Ihe financial statements ¢Jo not comply with the applicable requirements concerning the form and content of accounts set tsut in the Charities (Account5 and Reports) Regulations 2008 other than any requiremenl Ihat the accounts give a tnje and fair view which is not a mattèr considered as part of 8n independent examination. I hav8 no concems and have corne acr05S no other matters in connection wth the examination to which attention should be drawn in this report In order to enable a proper understanding ol the financial slalements to be reached. Craig Yearsley FCCA AzÈts Audit Services clo I12Èts Ty Dèrw, Limè Trèè Court Cardiff Gate Business Park Cardiff CF23 8AB Uniled Kingdom 19 F8bruary 2025 Dated.
THE BLACKWOOD ENGINEERING TRUST STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30APRIL 2024 R•&trl¢t•d Re•tricl•d fuiW$ fvnd8 2024 2023 Not•• 00n8tnS and legad•$ 74,(KQ 80,000 Charft8bkg a¢tivitkrys 96,087 107.568 N•t In¢tyn•ll•xp•ndltur•l for th• ywl N•t m•v•m•nt In fund• 122,087) {47,568) Fund balanc8$ at 1 May 2023 102.016 Fund b•lanu• at 30Aprll 2024 32.361 54,448 Th• statrt offlnandal acNIth Indud•s al galns ar1 bsses rnc¢gned in th• yw. I Incom& and 4xpendr6 dorfve from CA)ntkwlThJ
THE BLACKWOOD ENGINEERING TRUST BALANCE SHEEr ASAT30APRIL 2024 2024 2023 Current •sMts Cash al bank and in hand 32,381 54,448 Crgditors: amoutth flllng duo Tlthln on• y•ar N•t wrrent asB•t3 32,361 In¢¢>m• fund8 Restricted fiJnd8 Unre8tdctod fund 32.361 54,448 32,361 54,448 1É1.2.1.2 Th •ccoun18 w•rn arvo¥*d by Trtotogs on ... R•b•GC• W•lklns Trwts•
THE BLACKWOOD ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 A¢¢ountlng Wkl 1.1 A¢¢ountlng conv•nlkn The financiol statements have been prepared in aCrdara Wth th? chariws tgoverning ¢)MnI]. tho Chadtles Acl 2011, FRS 102 Ihe Finanaal RskxMtirv4 StandaTd a01cab in the UK and Repu¢ ot Ir•land' I"FRS 102.1 and the Charftios SORP 'A¢unting and Reporting by Charltie$: Statement Rècofflmended Practice applicat4e to charibes preparing their accounts in accudancA thè Flnancial Roporting S¢aThJard applkabl& In th8 UK And Rapublk of Irèland IFRS 1021'18ffoclNe 1 Jantsary 20191. The tharity 18 a Pubk Benefft Entty as t18fingd by FRS 102. The charity has takan ¥thantag• of lh• wovl$kM8 In Ihe SORP for charllS88 Mt to w4>or• a Stalrnl of Cash Fkjws. Thg Itn8n¢lal 8lat•m•nts ar8 prepared in BterNryJ, vthlth Is tho funcllonal rrrKY of th& charlty. Mon•tsry 8munt¥ in these finandal 8tatements aro roundod io the £. Tho fin8ndal Btatoments ha¥8 boen prnp•rfjd urder h1$1¢81 c¢xt convention. Th• wlndp•l utIng policlos adopted are set out b8knv. 1.2 Golng con¢•rn Al Iht of approvNy the fln01 8lat•ments. th tru8tO88 havè a reasonable tsxpoctat)n that the charlty has adequatg rg¥our¢gs to c(nbnug In cwabonal •xlstsnce for Ihe frneeobl8 fijturg. Thus tho trLtslees continue to adopt tho 90irwJ eonrm b8sls d a(xx)un15Tha In prnpadng th• finandal stat•mont8. 1.3 Ch4rlt4bl• fund• Unre$tricled funds ar• avalabl• for al t dL8csollon of th? IJu8le08 kn furthwanco of thoir charftgble obj8cOv•s. Restrfcted funds ar8 $ublo¢t to SF4¢Tfi¢ ¢MdTtith)s by donors as to how tsy mgy bv wd. purp8& aThJ uses of th• rostrl¢l•d funds are sot out IA Ihe noles to the Ikwl01 gtatwnts. 1A Incomlng r•sour¥ In¢om• is induded In th Slatsment FInarKa Acbvibos (SOFA) lhffien: . Thè charity havo entillemMt to th• fijnds., ' any perfomance contlrtiorts attaced to th• Ilwnl81 ol incomfr have mat or ar• fvlly wtthln the conlrol of the chadty or tts subgdlary: there is suffluent certainty Ihat leIpl of th¢ YKx¥ne18 l5je[8d pr(thb,. and the aThTrt can be measur•d r•lkqbty. Gr•nts and donatlon• Grants and donath)ns are onW In Ihe SOFA lh& gebW81 rec(3nthon e11tl0 arè met 15.10 to 5.12 FRS 102 SORPI. Donatk¥ns Donations, are recognised wh•n the charity has begn nolified in wrfng of IM)th th& amount and settlement date. In Ihe event that a donallon Lq 8LJhd io that Tequil• a level ol perforniance lfore Ihg charity ss entilkd the fyjnds. the Incomo is deferrgd arvj not reccsnised until ther Ihose eondthns are lully mel. or the lIMent of those Cd1th)n3 k8 WIlY within ts control of the chanty aThl rt Is ¥ob#bto that those conditions be lulfilted in the wortlng F.
THE BLACKWOOD ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMENTS {coKfiNUED) FOR THE YEAR ENDED 30 APRIL 2024 Accountlng pollcl•s Icontlnuedl 1.5 R•soure•s •xp•nd•d Expenditure is rec4Jgnis4d th8re is 8 gaI or c4>nstru¢tfve to make a payThnt to a Ihlrd party. It 18 probabfe that settkm&nl ¥•iM be wuir&J and th• amount ol tho rlW'on con bg moawJred reliably. Expenditure i8 dasSI undor the fdlowing VIty Grant• p•yabl• wlthout perfomwnc• condlllon• hera th¢r¢ are ())ndit6 attachin9 to the grant that enth the donor dMrity to rgalBUcxlty avoid th& cornmitm&nt. a liability lor Ihe fijll Obl9t musl be reccsnised. Thèrg h8B been no offsetting ol 8s8•ts liaknlth. LY Irn9 exp808, unL8us r•qred or pgrmRtod by th• FRS 102 SORP or FRS 102. 1.0 G••h and ¢h •qulv•b•nts Cash and cash equivaknts Indud8 &qsh in hand, d•Fthit• held at c41 wllh bgnb, oth•r Shorble Ilqukl Investments vAth orwnal maturth8 01 I1 montfo ¢x1888. bank ovordrafts. Bonk overdraft8 awe sh(Mn within borrowiw in wrenl Ikgbilliles. 8•41¢ fln•n¢W Basie flnan¢lo1 asse18, whkh debtry8 8rLI ¢a8h and bank balan¢8s. or• inltlalty ma$ur•d •t transadion w¢• in¢ludlng trBnsacth)n costs and 8r• subwuenty carrled at gmortlsod co81 u51ng the eff8dv& Interest m¢thoJ unle88 the arTanpm•nt n$ll1vIeS a flnandrvJ transg¢tbn. where the tran8aCtlon 1$ In8A8ured al th pre6ent value ol futufg rec•lpts dMyJntI at a m•rk•t rat• ol IntW08t. Flnandal 88tst8 d88sW 88 rwivable wlthln one yg8r org fy)18rn(xD3ed. B•$k fln•n¢l•l Il•bllftl•s Bosk finBnc4AI118ts'1ities, indudlThJ credltors bank inibany r•cJonW at tranBacth)n prlcg unl•88 the arrang•m•nl ¢on8Utule8 0 fknanclng transaction. debt inslNThnt Is measured at the pms•nl Value of th? fuiure paents dl8countsd at ¥ markot of IntergsL Finan¢lal liabilth'es da8fied os p8yabl6 Ihln ono year are not amortis•d. D•bl Instrumts wo 3U¢n at wnortl8ad cosL using thè ¢ff•¢tNe Interegt Ta¢9 mothod. Trnde CTvdttoTS are c4>lwJatKYffj to w ft>r goc#JB or 8•Th1c4s that ha¥• bo a1)4u8d in th• or¢In Courno of opemtions from suppliers. Arrb)unts payable ar• das$ 88 rrent I1xleS If payTh•nt is due within one year or ss. If not, thgy are pr•s¢nltd as n-c1t liobill. Trade creditors are recognijed trtIallY at Iranyaction pric8 and 8ub¥•qu¢nty measwod al amorlw ¢4st the offecb've inter8St method. Financial lialNlrfieB aro dorgc<ynlg•d whon tho drity8 oJnlr8¢tt•1 oblalh)n8 èxpire or are dix41•rggd or ancelled. 1.7 Tax•tlon As a re9iSteTed charfty, Tho Blackm Engwieth Tntht b& a11•d to th• entk)n from taxatbjn In wp¢ of in¢ome and capital galns ralV8 with sections 478489 of th8 Cw8tion Tax Act 2010 #nd S9¢t 256 of th¢ T8xatN)n of Chargeabk G¥irn3 kt 1992 10 the oxiont that th0$0 are apled to Ks rantabl& obj purp)ses onty. 1.8 Ba*1¢ fIn¢la1 In4trum•nts The charity 8WAJunts bas finandal inslruments on Infdal recow6tb)n as par p8ragrath 10.7 FRS 102 SORP. Subsequenl mea6uremont b 88 w pwyapts 11.17 10 11.19. FRS 102 SORP.
THE BLACKWOOD ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Crltlul accoubn9 08tlmaté• and Judo•m•nts In apF4iCali ol the charTty'8 acc¥ pdl¢Jg8. tho trustee8 8re qr0d to make jud9&n•nts. 8Jtlmats8 and aumptionS about the caffw.ro alrn1 ol ass•ts and Iobiltw that are not readlty apparent from oth8f 8ourcè8. The esllmales as80datsd assumption¥ Jre bg8ed on hlslorical ewence and other f8CtUs that are con8ider•J to be relevant. A(au resurts nw dfftor Irc¥n these estimates. The estimates and und•rlyin9 a55umplkn$ aro leVd on an orvJolrvJ basls. Revo to accullng estirnates are r¢¢(Jnl8¢¢1 in the pencrfj in %thic the estimate is rnvised where tho affects cmly Ihat P8riod, or in p81iod of thtr rw48 and luture rIodS wfiorg the wision affocts both current and fulurg p•rknd8. Don•tlon• •nd l•g•cl•• R••trl¢t•d RMtrlct•d fun fund• 2024 2023 DonaOn$ ar¥J g 74,000 80.000 Chrltbl• etfvW•• 2024 2023 Gr•nt• ld 21 Plus Orphanag8 ChInn Child Braln Iry Twst Whlzz4Qdz Rgad for Good cldrenS AkAMbukgrl H•#lth Help Intwn8t Hope GB AJJertillery LeamiThJ Cc¥nmunty Cerebra Ebenez8r Food Bank Ffflndlou Ysgol HoFe House Chlkl KLA Sponsorship Noahs Ark Chty SPARKLE The Honeypot Chikjren's Chartty Wyndham Vovrfes Conynunty Centm Bag Books Bamar(los Beaufort Colis BG Foj 8ank BlueBird$ C8nc8r Support ChilLgX Dlnky Dwns Couiity: UK ROW 12.SC¥) 11,000 2.187 2.000 UK UK Indi• UK UK UK UK UK UK UK UK UK UK UK UK UK UK UK UK UK UK UK 1,0ts) 1e.oo) 16.r 4,000 2,000 1,740 2.000 2,000 1,000 9,000 1,)0 1,300 2,Crf)o 10.714 1,000 500 750 2.000 3.000 500 4.500 8,CLIO 3,750 10-
THE BLACKWOOD ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMEiifs (COKTINUED) FOR ThE YEAR ENDED 30 APRIL 2024 Charltabl• acthiltl•• IConlinu•d) Emma $8waTd Gift Friends of North Grang8 Unlverslty Icc Make 4 Mo¥e Penknyynmwwr Reeva$ Joumey Ron81d M¢DcM)¥ld Ronakl McDonald House Brtgtol Rotary Rush Sofving KidB Techniquest TK Fooj Bank Trea of Ho Ukralnlan Rgftye8 Wallace & Gromlt Ysgol Bro Hdyg Ysgol Gymr889 Zion Min•r8 AbOlIary 8ell88 Adopfjon UK Blaenavon U15 Team Just Giving. MND Chiljrens HoBpit81 8•9 Fr8ya Foundation Happy Day Josh the (Cerebral Palsy crJ) Loc81 Musuem Pr8der- Willi R8888r¢h REACT Av8 M8e Roald Dahl CC St Vicentiu Tewwae Canr Trust The Equine Therapy The Good Witchas United Response Ysgol Cymra8g ZoTggioepAwm UK UK UK UK UK UK UK UK UK UK UK UK UK UK UK UK ROW UK UK UK UK UK UK UK UK UK UK UK UK UK UK UK UK UK Belgium UK UK Be4lum UK UK 8elgiLKn 4,000 71J) 2.415 500 1,000 2.000 1,000 600 300 1,897 4,000 2.750 1,000 1,050 1,000 1,0 1,OC¥) 1,OCQ 1110 250 514 1.000 2,000 2,568 2,000 945 95,878 107,360 The tharity incuffed bank f888 of£209 {2023.' £2081. 11
THE BLACKWOOD ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 None of tho trusteeB {or any Frnorta CrIe¢a•d wlth tsm) rn¢eYrtl ariy remunerallon or bèmffts from the charity durirg tr• y•ar. Thoro trustoes th1 Th)t daim experw8. The 8vera9e numbèr ol dwTrJ th? year was: 2024 Nwnb•r 2023 Numb•r Tolal The key man8gomenl personnol oflhe th•rity are th& trLth•8. There wern no th080 r•munwatlon mor• £60,OtK). The chanty is axampt from tsx on N)¢omg arKJ gains falli wthin sodion 505 of t1 Tax&s A¢t 1968 or section 252 of the TaxatK>n of Ch8rgg•bl• Galns 1992 10 the extent that these are applied to it8 dbarttabb objects. R•strl¢t•d fund The funds of the charity wKhJde rnstrlct8d fvnds ¢ryolrwJ foltrwkng ungxpend&S b8l•nco8 of O)nattons aTrJ grants hekl on tt for Bpecth rpO8. ov•m•nt In fvnd• Mov•m•nt In lund• •l•n¢• ai •xp•nd•d JO Aprll 2024 l Mly 1022 BL9d[l(l Englneering 102.016 80.IXKI {107.5881 74,000 I,087) 32,381 Amtysls of n•t as$•ts b•tw••n funds Funds 2024 Funds 2023 Fund balarths at 30Aprll 2ff24 arn repr ty. Curr¥nl a8setslOlabllttSesl 32.361 54.448 32.361 54.448 12-
THE BLACKWOOD ENGINEERING TRUST NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 30 APRIL 2024 10 R•lat•d yrty trnnMct1¢S The only related paty tranSadi0 arè tho ¢kn8lion8 from Blgckwotsd Englnaarlng Linlted to tho trust who are Ilnked thrthoh commn dlrgthr& 13-