## **Blackstone Trust**
**Charity number: 1203588**
**TRUSTEES’ ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR FROM 1 JULY 2024 TO 30 JUNE 2025**
## **Blackstone Trust Trustees’ Report and Financial Statements For the Year Ended 30 June 2025**
|
**Contents**|**Page**|
|---|---|
|Trustees’ Report|2-4|
|Independent Examiner’s Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8-12|
Charity Registration No. 1203588
1
**Blackstone Trust Charity Registration No. 1203588 Trustees’ Report for the Year Ended 30 June 2025**
The Trustees present the annual report and financial statements of the Charity for the Year Ended 30 June 2025. The financial statements comply with current statutory requirements and the requirements of the Charity’s governing document. The financial results are set out in the enclosed accounts.
## **Objectives and Activities**
As a dynamic charity organisation, we are committed to creating lasting social impact through a holistic approach. From rescuing street kids and providing shelter homes to advancing education and executing vital water projects, our mission is to address diverse needs within communities.
We believe in the transformative power of education, viewing it not only as an immediate relief measure but as a catalyst for long-term empowerment. Our hands-on engagement sets us apart, actively participating in project implementation to ensure efficiency and impactful results. With a vision for sustainable change, we strive to break the cycle of poverty and build a brighter future for those we serve.
## **Achievements and Performance**
In the Year to 30 June 2025, Blackstone Charity delivered a mix of emergency response and longer-term development work across its core appeals including water access, rescuing street children, building schools, housing, and broader humanitarian support under Heal the World. A key example of rapid-response delivery was its mobilisation around the Bangladesh flooding crisis, which the charity described as affecting over 5.2 million people, with communities left without shelter, clean water, or basic supplies prompting an urgent appeal for support.
Alongside humanitarian response, Blackstone Charity also emphasised structured, sustainable delivery and community-building through fundraising and programme infrastructure. It highlighted event-led fundraising such as its London to Amsterdam cycling challenge to support education in Bangladesh, and it reinforced the importance of strong operational foundations, funding core capability such as governance, professional oversight, systems, and monitoring to ensure projects are delivered with integrity and accountability. In the UK, it also referenced community-based wellbeing initiatives, including a free 12-week women’s HIIT programme delivered in partnership with the Muslim Sports Network in 2024, demonstrating a parallel focus on local impact.
Charity Registration No. 1203588
2
## **Review of the financial position**
The financial results of the charity for the Year Ended 30 June 2025, are fully reflected in the attached financial statements together with the notes thereon. Total income was £310,161 (2024 - £171,055), and total resources expended were £234,457 (2024 - £152,816) - resulting in net income of £75,704 (2024 - £18,239). On 30 June 2025, the charity had total funds of £93,943 (2024 - £18,239) – with £72,213 (2024 - £18,239) held as unrestricted funds, and £21,730 (2024 - £NIL) held as restricted funds.
## **Reserves**
The Charity is acutely aware of the need to sustain its viability in the medium to long term. The Charity has total unrestricted reserves of £72,213 which is within the charity’s reserve policy. The Trustees take a particularly prudent approach to reserves, in particular due to the changing environment of funding in the charity sector, and also due to the charity being in its formative years.
## **Structure, Governance and Management**
The Charity has been set up as a charitable incorporated organisation (CIO) and is governed by a Trust deed.
Charity Registration No. 1203588
3
**Blackstone Trust Charity Registration No. 1203588 Trustees’ Report For the Year Ended 30 June 2025**
## **Reference and Administrative Details**
**Charity Name** Blackstone Trust
**Charity Registration Number** 1203588
**Registered Office** 135 Ingrebourne Road Rainham RM13 9AH
## **Names of the Charity Trustees who manage the Charity**
1. Natasha Granville
Chair
2. Abdul Kayoum Trustee Trustee
3. Mohammed Shafique Uddin
## **Independent Examiner**
Mohammed Zakir Karim, FCA Pangea Baraka Unit 2, 60 Hanbury Street London E1 5JL
## **Declaration**
We confirm that the information produced to enable the independent examination of our accounts to be conducted does contain a full and correct record of our financial transactions and activities to the best of our knowledge and belief. We have approved the Trustees' report.
Signed on behalf of the charity’s trustees.
Name: Natasha Granville Position: Chair Date: 30 April 2026
Charity Registration No. 1203588
4
**Independent Examiner’s Report on the Accounts**
## **Blackstone Trust**
We report on the accounts of the charity for the Year Ended 30 June 2025, as set out on the following pages.
## **Respective responsibilities of the Trustees and Examiner**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination has been undertaken.
It is our responsibility to examine the accounts under 145 of the 2011 Act, follow the procedures laid down in the General Direction given by the Charity Commission under section 145(5)(b) of the 2011 Act; and state whether particular matters have to come to our attention.
## **Basis of independent examiner’s report** :
Our examination was carried out according to the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view ‘and the report is limited to those matters set out in the statements below.
## **Independent examiner’s statement** :
In connection with our examination, no matter has come to our attention that gives us reasonable cause to believe that, in any material respect, the requirements to keep accounting records following section 41 of the 1993 Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met. We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.
## **Mohammed Zakir Karim, FCA**
Pangea Baraka Unit 2, 60 Hanbury Street London E1 5JL
30 April 2026
**Blackstone Trust**
Charity Registration No. 1203588
5
## **Statement of Financial Activities including Income & Expenditure Account For the Year Ended 30 June 2025**
|
**Notes**
**Income from:**
Donations and legacies
3
Charitable activities
4
**Total**
**Expenditure on:**
Raising funds
5
Charitable activities
6
**Total**
**Net income / (expenditure)**
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**funds 2025**
**Restricted**
**funds 2025**
**Total**
**2025**
**£**
**£**
**£**
22,942
236,246
259,188
50,973
-
50,973
**73,915**
**236,246**
**310,161**
19,941
-
19,941
-
214,516
214,516
**19,941**
**214,516**
**234,457**
**53,974**
**21,730**
**75,704**
18,239
-
18,239
**72,213**
**21,730**
**93,943**|Total 2024
**£**
171,055
-|
|---|---|---|
|||171,055
9,323
143,493|
|||152,816|
|||18,239|
|||-|
|||18,239|
Charity Registration No. 1203588
6
## **Blackstone Trust Balance Sheet As of 30 June 2025**
|
**Notes**
**Current assets**
Cash at the bank and in hand
**Creditors**
Amounts falling due within one year
9
**Net current assets / (Liabilities)**
**Creditors**
Amounts falling due within more than
year
10
**Net assets**
The funds of the charity:
Unrestricted income funds
11
Restricted income funds
**Total**|**30 Jun 2025**
**£**
131,686
1,250
130,436
36,493
**93,943**
72,213
21,730
**93,943**|30 Jun 2024
**£**
92,036
8,044|
|---|---|---|
|||83,992|
|||
65,753
|
|||18,239
18,239
-|
|||18,239|
The accounts were approved by the Trustees on 30 April 2026 and signed on their behalf by:
Natasha Granville ( Chair)
30 April 2026
Charity Registration No. 1203588
7
**Blackstone Trust Notes to the Financial Statements For the Year Ended 30 June 2025**
## **1. Basis of preparation**
## **Basis of accounting**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Going concern**
At the time of approving the Financial Statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the Financial Statements.
## **2. Accounting policies**
## **Income recognition**
Recognition of income takes place in accordance with applicable accounting policies and results are presented in accordance with SORP & FRS 102. All incoming resources are included in the Statement of Financial Activities (“SOFA”) when there is entitlement to receive them, it is probable that the income will be received and that the amount can be measured reliably. Grants and donations are recorded in the period in which they are received or the Charity is entitled to the income. Any donations tied to a particular purpose are credited to restricted reserves.
Income from revenue grants and other grants are credited to the Statement of Financial Activities when received or receivable. Where unconditional entitlement to grants receivable is dependent on fulfilment of conditions within the Charity's control, the incoming resources are recognised when there is sufficient evidence that conditions will be met, is probable that the income will be received and the amount can be measured reliably and is not deferred. Contractual income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.
## **Tax reclaims on donations and gifts**
There was no gift aid reclaimed in this year.
Charity Registration No. 1203588
8
## **Donated services and facilities**
Donated services and facilities are included in the Statement of Financial Activities (“SOFA”) when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Charitable activities**
These costs are incurred by the charity in the delivery of its activities and services for beneficiaries. It includes both costs that can be allocated direct to such activities and those costs of an indirect nature necessary to support them.
## **Allocation of support costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities.
## **Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Creditors**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle 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.
Charity Registration No. 1203588
9
## **3. Income - Donations and legacies**
|
**Income from:**
General Donations
Gaza Emergency Aid
Tour De Kenya 2025
7 Sisters Hike
**Total**|**Unrestricted**
**funds 2025**
**Restricted**
**funds 2025**
**Total 2025**
**£**
**£**
**£**
22,942
172,514
195,456
-
26,633
26,633
-
22,180
22,180
-
14,919
14,919
**22,942**
**236,246**
**259,188**|Total 2024
£
171,055
-
-
-|
|---|---|---|
|||171,055|
## **4. Income - Charitable activities**
|**4. Income - Charitable activities**|**activities**|||||
|---|---|---|---|---|---|
|**Unrestricted**
**funds 2025**
**Restricted**
**funds 2025**
**£**
**£**
**Income from:**
Event registration fees
50,973
-
**Total**
**-**
**-**
**5. Expenditure - Raising funds**
Staf costs
Fundraising costs
Support costs (see Note 8)
**Total**
**6. Expenditure - Charitable activities**
Staf costs
Consultancy costs
General charitable activities
Travel & accommodation
Support costs (see Note 8)|**Unrestricted**
**funds 2025**
**Restricted**
**funds 2025**
**£**
**£**
50,973
-||**Total 2025**
**£**
50,973
**50,973**
**Total 2025**
**£**
9,899
6,818
3,225
**19,941**
**Total 2025**
**£**
39,594
33,500
90,299
38,225
12,898||Total 2024
£
-|
||||||-
Total 2024
£
1,400
5,009
2,914|
||||||9,323
Total 2024
£
5,600
46,426
74,179
5,633
11,655|
||||**214,516**||143,493|
Charity Registration No. 1203588
10
## **7. Staff Costs**
|**Total 2025**
**£**
Wages and Salaries
42,286
Taxation and social security
7,206
**Total**
**49,492**
The average monthly number of employees during the year was
No employee received emoluments in excess of £60,000|Total 2024
£
7,000
-|
|---|---|
||7,000
1|
## **8. Analysis of Support Costs**
|Accountancy
Computer & Website
Insurance
Other expense
Exchange fees
Other fees
Printing & Postage
Web processing fees
**Total**|**Total 2025**
**£**
1,357
4,553
33
451
818
7,972
321
618
**16,213**|Total 2024
£
900
4,995
-
667
-
7,815
192
-|
|---|---|---|
|||14,569|
## **9. Creditors: Amounts falling due within one year**
|Taxation and social security
Other Creditors
**Total**|**Total 2025**
**£**
-
1,250
**1,250**|Total 2024
£
1,079
6,965|
|---|---|---|
|||8,044|
Charity Registration No. 1203588
11
## **10. Creditors: Amounts falling due after more than one year**
|**Total 2025**
**£**
Other Creditors
36,493
**Total**
**36,493**
Amounts falling due more than fve years:
Loan Rashid Ali
36,493
**11. Movement in Funds**
The funds of the charity:
**30 Jun 2025**
Net movement
Unrestricted income funds
**72,213**
53,974
Restricted income funds
**21,730**
21,730
**Total**
**93,943**
**75,704**|**Total 2025**
**£**
Other Creditors
36,493
**Total**
**36,493**
Amounts falling due more than fve years:
Loan Rashid Ali
36,493
**11. Movement in Funds**
The funds of the charity:
**30 Jun 2025**
Net movement
Unrestricted income funds
**72,213**
53,974
Restricted income funds
**21,730**
21,730
**Total**
**93,943**
**75,704**|Total 2024
£
65,753|
|---|---|---|
|||65,753
39,453
30 Jun 2024
18,239
-|
||**93,943**
**75,704**|18,239|
## **11. Related Party Disclosures**
There were no related party transactions for the year ended 30 June 2025 (2024 - £nil).
## **12. Trustees’ Remuneration and Benefits**
There were no trustees’ remuneration or other benefits for the year ending 30 Jun 2025 (2024 - £nil).
There were no expenses claimed by trustees for the year ending 30 Jun 2025 (2024 - £nil).
Charity Registration No. 1203588
12