THE BLYTH CHARITABLE TRUST
Trustees’ Report
and Financial Statements
for the year ended 18 December 2025
Registered Charity Number 1176537
THE BLYTH CHARITABLE TRUST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 DECEMBER 2025
CONTENTS
| Page | |
|---|---|
| Charity information | 1 |
| Trustees’ report | 2 |
| Independent auditor’s report | 4 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Statement of cash flow | 9 |
| Accounting policies | 10 |
| Notes to the financial statements | 12 |
THE BLYTH CHARITABLE TRUST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 DECEMBER 2025
CHARITY INFORMATION
Trustees
Lord James Blyth Lady Pamela Blyth
The Honourable Abigail Blyth Ludlow Trust Company Limited, corporate trustee. The directors of the corporate trustee, company no. 12492064, during the year under review:
Mr Gary St John Collins (resigned 31 March 2026) Mr Walter Duncan Coxon Mr Ali Reza Sarikhani Miss Ziba Christina Sakine Sarikhani Mr Christopher Ian Thurlow Mr Matthew John Wickers Mr Alexander Edward Mulroe (appointed 1 April 2026)
Principal office
1st Floor Tower Wharf Cheese Lane Bristol BS2 0JJ
Registered charity number
1176537
Independent Auditor
Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
Banker and investment manager
Coutts & Co 440 Strand London WC2R 0QS
Page 1
FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 DECEMBER 2025
THE BLYTH CHARITABLE TRUST
TRUSTEES’ REPORT
The trustees have pleasure in presenting their annual report for the purposes of the Charities Act 2011, together with the accounts for the year ended 18 December 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.
STRUCTURE GOVERNANCE AND MANAGEMENT
The Blyth Charitable Trust is a registered charity constituted under a trust deed dated 18 December 2017, and registered as a charity 05 January 2018.
The trust is controlled by the trustees. The power to appoint and remove trustees rests with the settlor trustees, or survivors of them, during their lifetime and subject to this is exercisable by the trustees from time to time.
On agreeing to become a trustee of the charity, the trustees are thoroughly briefed by the existing co-trustees on the constitution of the Trust, the day-to-day management, responsibilities of the trustees, the current objectives and future plans.
The trustees have assessed the major risks to which the charity is exposed. The trustees believe that by ensuring controls exist over key financial systems they have established effective systems to mitigate those risks.
OBJECTIVES AND ACTIVITIES
The charity’s objects are:
The Trustees shall hold the capital and income of the Trust Fund upon trust to apply the income, and all or such part or parts of the capital, at such time or times and in such manner to, or for the benefit of such exclusively charitable objects and purposes in any part of the world as the Trustees may in their discretion think fit.
In furtherance of the charity’s objects for the public benefit the trustees provides grants. In determining the charity’s activities the trustees have had regard to the Charity Commission’s guidance on public benefit.
ACHIEVEMENTS, PERFORMANCE AND FINANCIAL REVIEW
Incoming resources for the period totalled £365,165 (2024: £367,435) consisting of investment income of £234,099 (2024: £290,081) and transfers from the capital fund of £131,066 (2024: £77,354).
Charitable expenditure in the period comprised grants to charitable organisations totalling £316,000 (2024: £316,000) while support and governance costs amounted to £39,927 (2024: £38,113) with investment management fees of £51,563 (2024: £49,039) giving total resources expended of £407,490 (2024: £403,152).
Given the availability of the expendable endowment fund the trustees do not consider that the charity needs to maintain any significant free reserves although they recognise that such reserves will arise from time to time. As at 18 December 2025 free reserves were a surplus of £72,230 (2024: £62,992).
PLANS FOR FUTURE PERIODS
The trustees intend to continue the charity’s grant-making activity.
Page 2
THE BLYTH CHARITABLE TRUST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 DECEMBER 2025
TRUSTEES’ REPORT
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:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
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.
APPOINTMENT OF INDEPENDENT AUDITOR
For the period under review the charity exceeded the audit threshold and appointed Blue Spire Limited as auditors. Blue Spire Limited have expressed their willingness to remain as auditors of the charity.
Approved by the trustees and signed on their behalf.
Alexander Mulroe on behalf of Ludlow Trust Company Limited Trustee
Date 30 July 2026
Page 3
THE BLYTH CHARITABLE TRUST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 DECEMBER 2025
INDEPENDENT AUDITOR’S REPORT
Independent Auditor’s Report to the Trustees of The Blyth Charitable Trust
Opinion
We have audited the financial statements of The Blyth Charitable Trust (the ‘charity’) for the year ended 18 December 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charity’s affairs as at 18 December 2025, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
-
the information given in the trustees’ report is inconsistent in any material respect with the financial statements; or
-
sufficient accounting records have not been kept; or
-
the financial statements are not in agreement with the accounting records; or
-
we have not received all the information and explanations we require for our audit.
Page 4
THE BLYTH CHARITABLE TRUST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 DECEMBER 2025
INDEPENDENT AUDITOR’S REPORT
Responsibilities of trustees
As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
Based on our understanding of the Charity and the industry in which it operates, we identified the principal laws and regulations that directly affect the financial statements to be the Charities Act, and Trustee Act. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.
In addition, the Charity is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. As an investment and donation funded grantmaker there is a limitation to areas most likely to have such an effect. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence if any.
Audit procedures performed by the engagement team included:
-
Enquiry of those charged with governance around actual and potential litigation and claims and any instances of non-compliance with laws and regulations;
-
Reviewing minutes of meetings of those charged with governance;
-
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
- A further description of our responsibilities is available on the FRC's website at: https://www.frc.org.uk/auditors/audit assurance/auditor-s-responsibilities-for-the-audit-of-the-fi/description-of-the-auditor%E2%80%99s-responsibilitiesfor. This description forms part of our auditor’s report.
Page 5
FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 DECEMBER 2025
THE BLYTH CHARITABLE TRUST
INDEPENDENT AUDITOR’S REPORT
Use of our report
This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Blue Spire Limited, Statutory Auditor
Cawley Priory South Pallant Chichester West Sussex PO19 1SY
Date 30 July 2026
Blue Spire Limited is eligible for appointment as auditor of the charity by virtue its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006
Page 6
THE BLYTH CHARITABLE TRUST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 DECEMBER 2025
STATEMENT OF FINANCIAL ACTIVITIES
| Note INCOME AND ENDOWMENTS FROM: Investments 1 Total EXPENDITURE ON: Raising funds 2 Charitable activities 3 Total Net gains/(losses) on investments 7 Net Income/(expenditure) Transfers between funds 10 Net movement in funds Reconciliation of funds: Total funds brought forward 9,10 Total funds carried forward 9,10 |
Income Fund £ 234,099 234,099 - 355,927 355,927 - (121,828) 131,066 9,238 62,992 72,230 |
Capital Fund £ - - 51,563 - 51,563 762,833 711,270 (131,066) 580,204 10,959,693 11,539,897 |
2025 Total Funds £ 234,099 234,099 51,563 355,927 407,490 762,833 589,442 - 589,442 11,022,685 11,612,127 |
2024 Total Funds £ 290,081 |
|---|---|---|---|---|
| 290,081 | ||||
| 49,039 354,113 |
||||
| 403,152 | ||||
| 947,065 | ||||
| 833,994 - |
||||
| 833,994 10,188,691 |
||||
| 11,022,685 |
The charity has no recognised gains or losses other than those dealt with in the statement of financial activities.
Page 7
THE BLYTH CHARITABLE TRUST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 DECEMBER 2025
BALANCE SHEET AS AT 18 DECEMBER 2025
| Note FIXED ASSETS Investments 7 CURRENT ASSETS Cash at hand and in bank Total current assets CURRENT LIABILITIES Creditors: amounts falling due within one year 8 Net current assets/(liabilities) Net assets/(liabilities) THE FUNDS OF THE CHARITY Capital (expendable endowment) 9, 10 Income 9, 10 Total charity funds The notes on pages 12 to 16 form part of the financial statements |
£ £ 11,386,179 258,855 258,855 32,907 225,948 11,612,127 11,539,897 72,230 11,612,127 2025 |
£ £ 10,799,260 254,263 254,263 30,838 223,425 11,022,685 10,959,693 62,992 11,022,685 2024 |
£ £ 10,799,260 254,263 254,263 30,838 223,425 11,022,685 10,959,693 62,992 11,022,685 2024 |
|---|---|---|---|
| 11,022,685 | |||
| 10,959,693 62,992 |
|||
| 11,022,685 | |||
Approved by the trustees and signed on their behalf
Alexander Mulroe on behalf of Ludlow Trust Company Limited Trustee
Date 30 July 2026
Page 8
THE BLYTH CHARITABLE TRUST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 DECEMBER 2025
STATEMENT OF CASH FLOWS
| Note £ £ Net cash flow from operating activities (see below) (405,421) Cash flow from investing activities Investment income 234,099 Payments to acquire investments (2,559,858) Receipts on sale of investments 2,735,772 Net cash flow from investing activities 410,013 Net increase/(decrease) in cash and cash equivalents 4,592 Cash and cash equivalents at 19 December 254,263 Cash and cash equivalents at 18 December 258,855 Cash and cash equivalents consist of: Cash at bank and in hand 258,855 Cash and cash equivalents at 18 December 258,855 Reconciliation of net income to net cash flow from operating activities £ £ Net income/(Net expenditure) 589,442 Adjusted for: Investment income (234,099) Net (gains)/losses on investments (762,833) Increase/(decrease) in creditors 2,069 (994,863) (405,421) 2025 2025 |
£ £ (392,296) 290,081 (8,215,397) 8,268,842 343,526 (48,770) 303,033 254,263 254,263 254,263 £ £ 833,994 (290,081) (947,065) 10,856 (1,226,290) (392,296) 2024 2024 |
£ £ (392,296) 290,081 (8,215,397) 8,268,842 343,526 (48,770) 303,033 254,263 254,263 254,263 £ £ 833,994 (290,081) (947,065) 10,856 (1,226,290) (392,296) 2024 2024 |
|---|---|---|
| (392,296) |
Page 9
FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 DECEMBER 2025
THE BLYTH CHARITABLE TRUST
ACCOUNTING POLICIES
General information, scope and basis of the financial statements
The Blyth Charitable Trust is a registered unincorporated charity, established under a trust deed, in England and Wales. The address of the principal office is given in the charity information of these financial statements and the nature of the charity’s operations and principal activities are detailed in the trustees' report.
The charity constitutes a public benefit entity as defined by FRS 102. 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 United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the Charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the Charity and it is probable that they will be fulfilled.
Investment income is earned through holding assets for investment purposes such as shares. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity’s right to receive payment is established.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following expenditure headings:
-
Raising funds; these include investment management fees charged by the charity's investment managers
-
Charitable activities; these include grants to third parties and the costs of administering the charity inclusive of governance costs
Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.
Support and governance costs are those that assist the work of the charity but do not directly represent charitable activities. They are incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in the governance of the charity and primarily associated with the constitution and statutory requirements.
VAT
The charity is not registered for VAT and is unable to recover VAT incurred. On this basis costs are recorded inclusive of VAT within the SOFA.
Taxation
The Charity is an exempt Charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in sections 521 to 536 Income Tax Act 2007 (ITA 2007), as such no income tax is payable on the Charity's activities.
Page 10
FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 DECEMBER 2025
THE BLYTH CHARITABLE TRUST
ACCOUNTING POLICIES
Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Where investments are denominated in currencies other than Sterling, transactions are translated at the rate prevailing at the date of the transaction and year end values are calculated using the exchange rate prevailing at the year end.
Debtors receivable and creditors payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
Cash and cash equivalents
Cash and cash equivalents includes cash at bank and in hand and cash balances within the investment portfolio available for investment transaction purposes.
Fund accounting
Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Capital (endowment) funds comprise the original gifts introduced by the settlor trustees and associated gift aid, together with the accumulated realised and unrealised surpluses arising on investments acquired with those gifts, less any donations made out of capital. The capital funds are expendable at the discretion of the trustees. Investment management charges and legal advice relating to the fund are charged against the fund. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income.
Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. 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 to be able to continue as a going concern.
Page 11
THE BLYTH CHARITABLE TRUST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 DECEMBER 2025
NOTES TO THE FINANCIAL STATEMENTS
1. Income from investments
| 1. Income from investments | ||||||
|---|---|---|---|---|---|---|
| Income from investment assets Interest on cash deposits 2. Raising funds Investment management fees |
Unrestricted Funds £ 222,698 11,401 234,099 Unrestricted Funds £ - - |
Endowment Funds £ - - - Endowment Funds £ 51,563 51,563 |
2025 Total Funds £ 222,698 11,401 234,099 2025 Total Funds £ 51,563 51,563 |
Unrestricted Funds £ 272,567 17,514 290,081 Unrestricted Funds £ - - |
Endowment Funds £ - - - Endowment Funds £ 49,039 49,039 |
2024 Total Funds £ 272,567 17,514 |
| 290,081 | ||||||
| 2024 Total Funds £ 49,039 |
||||||
| 49,039 |
3. Expenditure on charitable activities
| Grants to institutions (see note 4) Support and governance costs Administrative management fees Auditor's fee |
Unrestricted Funds £ 316,000 36,627 3,300 355,927 |
Endowment Funds £ - - - - |
2025 Total Funds £ 316,000 36,627 3,300 355,927 |
Unrestricted Funds £ 316,000 36,013 2,100 354,113 |
Endowment Funds £ - - - - |
2024 Total Funds £ 316,000 36,013 2,100 |
|---|---|---|---|---|---|---|
| 354,113 |
Page 12
FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 DECEMBER 2025
THE BLYTH CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
4. Grants to institutions - one payment unless indicated
| No. British Limbless Ex-Service Men's Association (BLESMA) Cotswolds Cats & Dogs Home Friends of St Thomas Church, Todenham Kate's Home Nursing Maggie Keswick Jencks Cancer Caring Centres Trust Oxfordshire Commiunity Foundation Reach Learning Disability Retraining of Race Horses Ronald McDonald House Charities (UK) St Rirchards Hospice Foundation St Thomas of Todenham The Clink Charity The Countryside Alliance Foundation The Gloucestershire Society The Injured Jockeys Fund The Myton Hospices University Of Glasgow Trust World Horse Welfare Royal Society for The Prevention of Cruelty to Animals Cotswolds, Gloucester & District Branch |
2025 Total Funds No. £ 75,000 - 1,000 10,000 10,000 - - 25,000 - 5,000 10,000 - - 50,000 5,000 50,000 50,000 - 25,000 316,000 |
2024 Total Funds £ 75,000 5,000 - 10,000 10,000 5,000 25,000 - 15,000 - 10,000 1,000 20,000 10,000 5,000 50,000 - 50,000 25,000 |
|---|---|---|
| 316,000 |
5. Independent auditor's fee
| 5. Independent auditor's fee | ||||||
|---|---|---|---|---|---|---|
| Auditor's fee - audit | Unrestricted Funds £ 3,300 3,300 |
Endowment Funds £ - - |
2025 Total Funds £ 3,300 3,300 |
Unrestricted Funds £ 2,100 2,100 |
Endowment Funds £ - - |
2024 Total Funds £ 2,100 |
| 2,100 |
6. Related party transactions
During the year under review Ludlow Trust Company Limited charged the charity £36,627 (2024: £36,013) for administrative services with £8,044 (2024: £7,779) accrued at the balance sheet date.
The Trust has no employees, all administration being carried out by the trustees.
Other than the fees noted above, no remuneration was paid to nor expenses paid to or on behalf of any trustee during the period under review.
Page 13
FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 DECEMBER 2025
THE BLYTH CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
7. Fixed asset investments - Listed
| Brought forward Additions Disposals at proceeds Change in market value Gains/(losses) on investments |
2025 £ 10,799,260 2,559,858 (2,735,772) 762,833 11,386,179 762,833 762,833 |
2024 £ 9,905,640 8,215,397 (8,268,842) 947,065 |
|---|---|---|
| 10,799,260 | ||
| 947,065 | ||
| 947,065 |
8. Creditors: amounts falling due within one year
| 8. Creditors: amounts falling due within one year | ||
|---|---|---|
| Accruals - Audit fees Accruals - Administrative Management fees Accruals - Investment Management fees Accruals - Grant |
2025 £ 3,300 8,044 11,563 10,000 32,907 |
2024 £ 2,100 7,779 10,959 10,000 |
| 30,838 |
9. Analysis of net assets between funds
| Fixed assets investments Net current assets |
Unrestricted Funds £ - 72,230 72,230 |
Endowment Funds £ 11,386,179 153,718 11,539,897 |
2025 Total Funds £ 11,386,179 225,948 11,612,127 |
Unrestricted Funds £ - 62,992 62,992 |
Endowment Funds £ 10,799,260 160,433 10,959,693 |
2024 Total Funds £ 10,799,260 223,425 |
|---|---|---|---|---|---|---|
| 11,022,685 |
10. Net movement in funds
| Endowment funds Unrestricted funds Endowment funds Unrestricted funds |
Year ended 18 December 2025 | Year ended 18 December 2025 | ||||
|---|---|---|---|---|---|---|
| Total funds brought resources £ 10,959,693 62,992 11,022,685 |
Total incoming resources £ - 234,099 234,099 |
Total Transfers resources between expended funds £ £ (51,563) (131,066) (355,927) 131,066 (407,490) - Year ended 18 December 2024 |
Gains/(losses) on investment assets £ 762,833 - 762,833 |
Total funds carried forward £ 11,539,897 72,230 |
||
| 11,612,127 | ||||||
| Total funds brought resources £ 10,139,021 49,670 10,188,691 |
Total incoming resources £ - 290,081 290,081 |
Total resources expended £ (49,039) (354,113) (403,152) |
Transfers between funds £ (77,354) 77,354 - |
Gains/(losses) on investment assets £ 947,065 - 947,065 |
Total funds carried forward £ 10,959,693 62,992 |
|
| 11,022,685 |
The transfer from endowment to unrestricted funds was implemented to provide resources for grant awards in furtherance of the charity's objectives.
Page 14
FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 DECEMBER 2025
THE BLYTH CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
11. Financial instruments
The carrying amounts of the charity's financial instruments are as follows:
| 11. Financial instruments The carrying amounts of the charity's financial instruments are as follows: |
|
|---|---|
| 2025 Total Funds £ Financial assets Measured at fair value through net income/(expenditure): Fixed asset investments 11,386,179 11,386,179 The income, expense, net gains and net losses attributable to the charity's financial instruments are summarised as follows: 2025 Total Funds £ Income and expense Financial assets measured at fair value through net income/(expenditure) Investment income 222,698 Investment management fees (51,563) 171,135 Net gains and losses (including changes In fair value) Financial assets measured at fair value through net income/(expenditure) Net gains/(losses) on investments 762,833 762,833 |
2024 Total Funds £ 10,799,260 |
| 10,799,260 | |
| 2024 Total Funds £ 272,567 (49,039) |
|
| 223,528 | |
| 947,065 | |
| 947,065 |
Fixed asset investments are held at fair value with valuations obtained by reference to market prices from the appropriate stock exchange, bid prices and last traded prices where applicable.
Page 15
THE BLYTH CHARITABLE TRUST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 DECEMBER 2025
NOTES TO THE FINANCIAL STATEMENTS
12. Comparative statement of financial activities
| Note INCOME AND ENDOWMENTS FROM: Investments 1 Total EXPENDITURE ON: Raising funds 2 Charitable activities 3 Total Net gains/(losses) on investments 7 Net Income/(expenditure) Transfers between funds 10 Net movement in funds Reconciliation of funds: Total funds brought forward 9,10 Total funds carried forward 9,10 |
Income Fund £ 290,081 290,081 - 354,113 354,113 - (64,032) 77,354 13,322 49,670 62,992 |
Capital Fund £ - - 49,039 - 49,039 947,065 898,026 (77,354) 820,672 10,139,021 10,959,693 |
2024 Total Funds £ 290,081 |
|---|---|---|---|
| 290,081 | |||
| 49,039 354,113 |
|||
| 403,152 | |||
| 947,065 | |||
| 833,994 - |
|||
| 833,994 10,188,691 |
|||
| 11,022,685 |
Page 16