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2025-07-31-accounts

THE JUDY BLAME CHARITABLE TRUST

Trustees’ Report

and Unaudited Financial Statements

for the year ended 31 July 2025

Registered Charity Number 1184541

THE JUDY BLAME CHARITABLE TRUST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

INDEX

Page
Charity information 1
Trustees’ report 2
Independent examiner’s report 6
Statement of financial activities 7
Balance sheet 8
Accounting policies 9
Notes to the financial statements 11

THE JUDY BLAME CHARITABLE TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

CHARITY INFORMATION

Trustees

Robert William Barnes CBE Jennifer Elizabeth Forestell David Alvin Rolfe Stephanie Joy Nash

Principal office

9 Grafton Mews London W1T 5HZ

Registered charity number

1184541

Independent examiner

Katie Wilson FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Page 1

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

THE JUDY BLAME 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 31 July 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 Judy Blame Charitable Trust is a registered charity constituted under a trust deed dated 22 July 2019, and registered as a charity 23 July 2019.

The power to appoint and remove Trustees is vested in the Trustees and exercised by deed. The number of Trustees shall be not less than three and in the event of their number falling below three, such additional Trustees or Trustee shall forthwith be appointed as shall be necessary to make their number up.

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 are responsible for authorising grant payments, for ensuring all grants are made in pursuance of the objectives of the Trust and for ensuring the objectives of the Trust are met.

The Trustees are responsible for identifying and reviewing the major risks to which the Trust is exposed and confirm that, as far as is possible given the nature of the grant payments and locations to which they are made, arrangements have been established to mitigate those risks.

OBJECTIVES AND ACTIVITIES

The charity’s objects are to advance public education in and appreciation of the arts by:

In directing the activities of the charity the Trustees have had regard to the Charity Commission’s guidance on public benefit and in furtherance of these objectives grants have been provided as shown in the notes to the accounts.

ACHIEVEMENTS AND PERFORMANCE

The Trustees and other collaborators have continued to foster and monitor the steady interest in Judy Blame’s archive of work. Items from the archive such as clothes, jewellery and other accessories are borrowed for use in photo shoots and premieres amongst other activities which have been logged in and out and recorded. With a continued log of archive loans, the Trust can measure the interest in Judy Blame’s work, which every year continues to increase.

The Trust’s Archive Coordinator continues to oversee the process for loaning items, including cataloguing, tracking, item maintenance, and requesting donations for item loans. The Archive Coordinator also helps manage the Trust’s social media accounts spreading awareness of the Trust and its activities, and maintaining Judy’s legacy. The Trust has noticed a larger engagement throughout its social media page with an increase of followers and people within the creative industry sharing and engaging with the Trust’s posts.

Loans of archived items include the following:

  1. ARENA HOMME Stylist Alasdair Mclellan // cover story 12th September

  2. WUNDER KARMA EXHIBITION Russell Marsh 12th September

  3. RE-EDITION NENEH CHERRY Photographer: Nicola and Manuel // Stylist: Hamish Wirgman // Talent: Neneh Cherry 23rd September

  4. NENEH CHERRY GRAHAM NORTON SHOW Stylist Simone Beyene 3rd October

  5. SHOWSTUDIO FILM Videographer Charlie Tronchot // Stylist Hollie Williamson 4th October

  6. HIMESH PATEL AUDIBLE COVER SHOOT Stylist Kim Howells 17th September

  7. HIMESH PATEL THE FRANCHISE PREMIERE Stylist Kim Howells 12th October

Page 2

THE JUDY BLAME CHARITABLE TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

TRUSTEES’ REPORT

  1. THE FACE Stylist Danielle Emerson 5th November

  2. DAZED Stylist Elle Grace Cumming 8th November

  3. MAX GLATZHOFER SHOOT Stylist Yuriko Hiratsuka 8th November

  4. HIMESH PATEL // GQ MAN OF THE YEAR AWARDS Stylist Kim Howells 15th November

  5. ACNE PAPER Styling & Creative Direction: Emman// Photographer: Julia Hetta 25th November

  6. LADY GAGA Stylist Hardstyle 10th December

  7. WALL STREET JOURNAL Stylist Poppy Kane 10th December

  8. ETERNAL Stylist Kim Howells 7th January

  9. ASHNIKKO PRESS SHOTS Stylist Suzie Walsh 10th January

  10. WALL STREET JOURNAL // LISA BLACKPINK Stylist Alice Goddard // Photographer Alasdair McLellan 9th January

  11. FANTASTIC MAN Fashion editor: Jodie Barnes // Photographer: Oliver Hadlee Pearch // Talent: Rocco Ritchie 10th January

  12. HUNGER MAGAZINE Stylist Brittany Newman 15th January

  13. HUNGER MAGAZINE //MASTER PEACE Stylist Brittany Newman 20th January

  14. INTERLOPE MAGAZINE // PALOMA ESSER Stylist Aly Cooper // Photographer Anna Victoria Best 27th January

  15. DAZED Stylist Feranmi Eso 28th January

  16. SHOW STUDIO // ASHNIKKO Stylist Suzie Walsh // Nick Knight 2nd April

  17. DOUBLE MAGAZINE Stylist Jodie Barnes //Photographer Liv Liberg 5th May

  18. GWEN TRANNOY Stylist Abby Adler 29th May

  19. NOKI FASHION SHOW Stylist Kim Howells 10th June

  20. INTERVIEW MAGAZINE Stylist Hannah Elwell 24th June

  21. FAMILY STYLE Stylist Myles Mansfield 28th July

  22. V4 COVER Stylist Karl Templer 11th July

  23. DAZED Stylist Abby Adler 10th July

The Trust continues to be committed to helping students, artists, and emerging talent with financial and educational support:

Glasgow School of Art – The Trust will continue the support of the Access Scholarship and Portfolio Preparation Bursaries programs until 2027. Two new recipients of the Portfolio Preparation Bursaries were selected by the school. The Access Scholarship students remains the same as previous year.

University of Westminster – The Trust has confirmed its continuation in sponsoring Photography Forum - A Public Talk Series, for the year 2025/26. This pre-programmed series at The Photographers’ Gallery works as free public lectures open to all, with several interesting artists who make or write about photography. They are invited to talk about their work as political gestures questioning the relationship between visual representation and political presence within socially orientated practice. This has continued to show great popularity and works on a variety of levels, offering an enriched curriculum for the University of Westminster students as well as promoting what they do through an opening of dialogue that is free and accessible. Trust Judy Blame logo is being used on all press releases and posters.

University of Westminster – The Trust has confirmed its support of the UoW Menswear Fashion MA (1 year) Scholarship. It will provide full tuition fees for one student during the course of the year. The scholarship is aimed at students from an underprivileged background, marginalised communities and LGBTQI+ who demonstrates exceptional potential in menswear design, embodying Judy’s vision of a more inclusive creative landscape. Applications have begun, with the recipient expected to be selected beginning of August 2025.

Moschino Fashion Show - A collaboration with the Trust and Moschino took place in the autumn of 2024 where a selection of Judy’s archive pieces were showcased in the Moschino Women’s Spring/Summer 25 Show in Milan. A T- shirt was also designed and produced, using of one of Judy’s necklaces as a trompe l’oeil print. The T-shirt is being sold on Moschino’s website and will be available until August 2026.

Wunder Karma - Russel Marsh Exhibition - The Judy Blame “Heel Bag Collage” was displayed for Russel Marsh’s “Wunder Karma” exhibition in London during 12th - 15th September 2024. It exhibited Marsh’s voyage of exploration,

Page 3

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

THE JUDY BLAME CHARITABLE TRUST

TRUSTEES’ REPORT

showcasing his collected souvenirs from all the places he’s been, the faces he’s seen, displaying them in a one-man Wunder Karma - an autobiography given extravagant, immersive physical form: visual, aural, tactile.

The Face Magazine Culture Shift Exhibition - The Face Magazine: Culture Shift celebrated iconic fashion images and portraits from The Face, a trail-blazing youth culture and style magazine that has shaped the creative and cultural landscape in Britain and beyond. Photographs of Judy was featured in the exhibition at National Portrait Gallery in London, 20th February - 18th May 2025.

Noki x Fashion District Fashion Show - Stylist and creative director Kim Howells curated a runway show at The Fashion District Festival on 10th June 2025, presenting a standout line-up where artist NOKI, a friend of Judy’s, styled his jewellery into the collection for the runway show. Their collection pushed creative boundaries, featuring striking prints, elegant silhouettes and up-cycled materials. The festival was a six day event dedicated to sustainability, circular and regenerative fashion.

Update on proposed Judy Blame book - The Trust has created a draft book proposal and taken advice on its creation from several sources, including author Alan Parks. The Trust has also begun the process of interviewing and vetting potential writers and collaborators.

FINANCIAL REVIEW

During the year under review, grants of £nil (2024: £nil) were made to individual beneficiaries with £8,000 towards Glasgow School of Art and £13,500 towards the University of Westminster (2024: £2,025 towards University of Westminster) under the objectives of the trust.

The charity’s total income of £32,503 (2024: £18,002). Total expenditure for the year under review amounted to £55,431 (2024: £31,790), inclusive of the grants noted above.

At the balance sheet date the charities reserves amounted to £422,817 (2024: £445,745).

Risk management

The Trustees have assessed the financial risk management objectives and policies of the Trust. The exposure of the Trust to price risk, credit risk, liquidity risk, and cash flow is considered not material for the assessment of the assets, liabilities, financial position and surplus of the Trust.

PLANS FOR FUTURE PERIODS

There are plans for a potential collaboration between Trust Judy Blame and Japanese brand Soph for a Judy Blame X Universal Experiment collection. There are also potential plans for a collaboration with Dover Street Market’s Designer Kei Ninomiya.

The Judy Blame Scholarship for UoW Menswear Fashion MA student is planned to be publicly announced in December 2025.

Page 4

THE JUDY BLAME CHARITABLE TRUST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 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:

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 AN INDEPENDENT EXAMINER

During the period since the year end the Trustees appointed Blue Spire Limited as independent examiners. Blue Spire Limited have expressed their willingness to continue as examiners to the charity.

Approved by the Trustees and signed on their behalf.

Trustee Date 27 April 2026

Page 5

THE JUDY BLAME CHARITABLE TRUST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

INDEPENDENT EXAMINER’S REPORT

Independent Examiner’s Report to the Trustees of The Judy Blame Charitable Trust

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 July 2025 which are set out on pages 7 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:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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.

Katie Wilson FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Date 27 April 2026

Page 6

THE JUDY BLAME CHARITABLE TRUST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

STATEMENT OF FINANCIAL ACTIVITIES

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
1
Investment income
2
Other trading income
3
Total
EXPENDITURE ON:
Charitable activities
4
Total
Net income/(expenditure)
Transfers between funds
13
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
12, 13
Total funds carried forward
12, 13		 Unrestricted
Funds
£
1,260
14,685
16,558
32,503
55,431
55,431
(22,928)
-
(22,928)
445,745
422,817		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-		 2025
Total
Funds
£
1,260
14,685
16,558
32,503
55,431
55,431
(22,928)
-
(22,928)
445,745
422,817		 2024
Total
Funds
£
1,345
16,657
-
18,002
31,790
31,790
(13,788)
-
(13,788)
459,533
445,745

None of the charity’s activities were acquired or discontinued during the above two financial years. The charity has no recognised gains or losses other than those dealt with in the statement of financial activities.

Page 7

THE JUDY BLAME CHARITABLE TRUST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

BALANCE SHEET AS AT 31 JULY 2025

Note
FIXED ASSETS
Investments
9
CURRENT ASSETS
Debtors
10
Cash at hand and in bank
Total current assets
CURRENT LIABILITIES
Creditors: amounts falling due within one year
11
Net current assets/(liabilities)
Net assets/(liabilities)
THE FUNDS OF THE CHARITY
Restricted funds
12, 13
Unrestricted funds
12, 13
Total charity funds		 £
£
100
18,398
420,374
438,772
16,055
422,717
422,817
-
422,817
422,817
2025		 £
£
100
45,613
404,658
450,271
4,626
445,645
445,745
-
445,745
445,745
2024		 £
£
100
45,613
404,658
450,271
4,626
445,645
445,745
-
445,745
445,745
2024
445,745
-
445,745
445,745

The notes on pages 11 to 14 form part of the financial statements

Approved by the Trustees and signed on their behalf

Trustee

Date 27 April 2026

Page 8

THE JUDY BLAME CHARITABLE TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

ACCOUNTING POLICIES

General information, scope and basis of the financial statements

The Judy Blame Charitable Trust is an unincorporated charity constituted under a trust deed. The address of the principal office is given in the reference and administrative details section and the nature of the charity’s operations and principal activities are given 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. These policies have been consistently applied to all years presented unless otherwise stated.

The charity does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.

Consolidation

The charity does not prepare consolidated accounts for the group on the basis it is not required to in respect of the year. More information on the group structure is provided in note 8.

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.

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the Charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Investment income consist of interest received or receivable and accrued at the balance sheet date when material.

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:

● 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 registered for VAT. Irrecoverable VAT is accounted for within the expenditure category to which the underlying costs relate.

Taxation

The charity 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 9

THE JUDY BLAME CHARITABLE TRUST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

ACCOUNTING POLICIES

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.

Foreign currency

Monetary assets and liabilities denominated in foreign currencies are translated into Pounds Sterling at rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Pounds Sterling at the rate ruling on the date of the transaction. Exchange gains and losses are recognised in the Statement of Financial Activities.

Fund accounting

Unrestricted general funds are incoming resources receivable or generated for use in furtherance of the general objects of the charity without restriction.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in note 13 of these financial statements.

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 10

THE JUDY BLAME CHARITABLE TRUST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

NOTES TO THE FINANCIAL STATEMENTS

1. Donations and legacies

1. Donations and legacies
Donations
2. Investment income
Bank interest received
3. Other trading activities
License income
4. Charitable activities
Grants to institutions (See note 4a.)
Archive maintenance
Support costs
4a. Grants to institutions
Recipient
Glasgow School Art
University of Westminster		 Income
Funds
£
1,260
1,260
Unrestricted
Funds
£
14,685
14,685
Unrestricted
Funds
£
16,558
16,558
Unrestricted
Funds
£
21,500
5
33,926
55,431
Country
Scotland
England		 Restricted
Funds
£
-
-
Restricted
Funds
£
-
-
Restricted
Funds
£
-
-
Restricted
Funds
£
-
-
-
-
no.
1
2		 2025
Total
Funds
£
1,260
1,260
2025
Total
Funds
£
14,685
14,685
2025
Total
Funds
£
16,558
16,558
2025
Total
Funds
£
21,500
5
33,926
55,431
2025
Total
Funds
£
8,000
13,500
21,500		 Income
Funds
£
1,345
1,345
Unrestricted
Funds
£
16,657
16,657
Unrestricted
Funds
£
-
-
Unrestricted
Funds
£
2,025
56
29,709
31,790
Country
England		 Restricted
Funds
£
-
-
Restricted
Funds
£
-
-
Restricted
Funds
£
-
-
Restricted
Funds
£
-
-
-
-
no.
1		 2024
Total
Funds
£
1,345
1,345
2024
Total
Funds
£
16,657
16,657
2024
Total
Funds
£
-
-
2024
Total
Funds
£
2,025
56
29,709
31,790
2024
Total
Funds
£
-
2,025
2,025

At the balance sheet date the charity had funding commitments in respect of grants for scholarship awards at Glasgow School of Art amounting to £16,000. No liability has been recognised for this amount as the awards are subject to ongoing monitoring and review prior to approval.

Page 11

THE JUDY BLAME CHARITABLE TRUST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

NOTES TO THE FINANCIAL STATEMENTS

5. Support costs

Insurance
Accountancy Fees
Wages
Legal fees
Website
Bank Charges
Storage
Governance Costs:
Independent examiner's fees
6. Independent examiner's fees
Examination current year		 Unrestricted
Funds
£
1,977
6,727
18,175
-
330
69
5,248
1,400
33,926
Unrestricted
Funds
£
1,400		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
Restricted
Funds
£
-		 2025
Total
Funds
£
1,977
6,727
18,175
-
330
69
5,248
1,400
33,926
2025
Total
Funds
£
1,400		 Unrestricted
Funds
£
1,960
6,162
14,300
600
315
13
4,959
1,400
29,709
Unrestricted
Funds
£
1,400		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
Restricted
Funds
£
-		 2024
Total
Funds
£
1,960
6,162
14,300
600
315
13
4,959
1,400
29,709
2024
Total
Funds
£
1,400

7. Related party transactions

No Trustees or companies where a Trustee was a director received any remuneration or expenses during the year (2024: £nil).

Jay Stephanie Nash, who is a trustee of the Trust, is also a director of Michael Nash Associates Limited, a company which provided storage services to the Trust amounting to £5,248 (2024: £4,959) during the year. At the balance sheet date, £nil (2024: £nil) was accrued or prepaid in respect of these fees.

8. Staff costs

8. Staff costs
Gross wages
Employer's NIC
Pension		 2025
Total
Funds
£
17,943
-
232
18,175		 2024
Total
Funds
£
14,085
-
215
14,300

The average number of employees, calculated on average headcount basis, was:

2025 2024
Charitable activities 2 2

No employee received employee benefits (excluding employer pension costs) above £60,000 in this or the comparative year.

Page 12

THE JUDY BLAME CHARITABLE TRUST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

NOTES TO THE FINANCIAL STATEMENTS

9. Investments - unlisted

9. Investments - unlisted
Investment in subsidiary share capital 2025
£
100
100		 2024
£
100
100

The Judy Blame Charitable Trust ('the charity') owns the entire share capital of its trading subsidiary Trust Judy Blame Trading Limited ('the trading company') being 100 ordinary shares of £1. A license agreement exists between the charity and the trading company under which royalties are due to the charity based on the trading company's income. £16,558 (2024: £nil) of royalties were due during the year under review. At the balance sheet date £16,558 (2024: £43,762) was payable by the trading company.

10. Debtors

Amounts due from trading subsidiary
Other debtor
Prepayments		 2025
£
16,558
841
999
18,398		 2024
£
43,762
852
999
45,613

11. Creditors: amounts falling due within one year

Accruals
Other tax and society security
Grants payable within one year		 2025
£
2,513
42
13,500
16,055		 2024
£
1,825
201
2,600
4,626

12. Analysis of net assets between funds

Non current assets
Current assets
Current liabilities		 Unrestricted
Funds
£
100
438,772
(16,055)
422,817		 Restricted
Funds
£
-
-
-
-		 2025
Total
Funds
£
100
438,772
(16,055)
422,817		 Unrestricted
Funds
£
100
450,271
(4,626)
445,745		 Restricted
Funds
£
-
-
-
-		 2024
Total
Funds
£
100
450,271
(4,626)
445,745

Page 13

THE JUDY BLAME CHARITABLE TRUST

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

NOTES TO THE FINANCIAL STATEMENTS

13. Net movement in funds
Unrestricted funds
General funds
Unrestricted funds
General funds
14. Comparative statement of financial activities
INCOME AND ENDOWMENTS FROM:
Donations and legacies
Investments
Other trading income
Total
EXPENDITURE ON:
Charitable activities
Total
Net income/(expenditure)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
Total funds carried forward		 Year ended 31 July 2025 Year ended 31 July 2025 Year ended 31 July 2025
Total funds
brought
forward
£
445,745
445,745		 Total
Total
Transfers
incoming
resources
between
resources
expended
funds
£
£
£
32,503
(55,431)
-
32,503
(55,431)
-
Year ended 31 July 2024		 Total funds
carried
forward
£
422,817
422,817
Total funds
brought
forward
£
459,533
459,533
Note
1
2
3
4
13
12, 13
12, 13		 Total
incoming
resources
£
18,002
18,002		 Total
resources
expended
£
(31,790)
(31,790)
Unrestricted
Funds
£
1,345
16,657
-
18,002
31,790
31,790
(13,788)
-
(13,788)
459,533
445,745		 Transfers
between
funds
£
-
-
Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-		 Total funds
carried
forward
£
445,745
445,745
2024
Total
Funds
£
1,345
16,657
-
18,002
31,790
31,790
(13,788)
-
(13,788)
459,533
445,745

Page 14