SIR ALEC BLACK'S CHARI ACCOUNTS for the year ended 12 APRIL 2024 SIR ALEC BLACK'S CHARITY Accounts for the year onded 12 APRIL 2024 INDEX Page Trustees Report Independent Examiners Report ststement of Assets and Liabilities Receipts and Payments Account SIR ALEC BLACK'S CHARir year ended 12 APRIL 2024 Trustees. Report The Trustees present their annual report and the aG¢ounts for the year ended 12 April 2024. Referonce and Administration Details Registered Charity Number 220295 Trustees J N Harrison S Wilson Dr D F Wilson M Parker OBE P A Harrison (appointed 15 May 20241 Address 27 Osborne Street Grimsby North East Lincolnshire DN31 1NU Secretaries and Accountants RNS Chartered Accountants The Poplars Bridge Street Brigg North Lincolnshire DN20 8NQ Bankers National Westminster Bank plc PO 8ox 200 Grimsby North East Lincolnshire DN31 3XA Solicitors Wilkin Chapman LLP Cartefgale House Chantry Lane Grimsby North East Lincolnshire DN312LJ Slwkbrokers RBC Brewin Dolphin 10 Wellinglon Place Leeds LS14AN Independent Examiner J P Heeney FCA RNS Chartered Accountants 50-54 Oswald Road Scunlhorpe North Lincolnshire DN15 7PQ Structure, Governance and Management Governing Documelll Order of the High Court of Justs"ce, Chancery Division dated 3 April 1959 Constitution Trust created by the will of Sir Alec Black who died on 28 June 1942 Appointment of Trustees 8y resolution of the existing Irustees Page 1 SIR ALEC BLACK'S CHARir Trustees. Report- contlnued Objectives and Activities The primary purposes of the Charity are.. the purchase of bed linen and down pillows of the finest quality and their distribution to charitable organisalions which ¢are for the sick and infirm the provision of pensions and grants to persons employed by Sir Alec Black during his lifetime the benef￿t of sick, poor fishermen from the Borough of Grimsby The secondary purpose of the Charity is for the benefit of sick poor persons resident in the Borough of Grimsby_ The ulbmate purpose is for the benefit of sick poor persons resident anywhere in the Unrted Kingdom. The trustees confirm they have referred trj the guidance contained in the Charity Commission's general guidance on public benefit when ￿VIewIng the charity's aims and objectives and in p5anning future activities. Achievements and Perfomiance During the year the Charity has met these purposes by.. providing bed linen lo 24 charitable organisations making grants to 53 sick poor individuals making grants to 4 organisalion to assist in supporting sick PLX)r individuals Flnanclal Review The trustees, policy on reserve5 IS to preserve capital by retaining and reinvesting the proceeds from any income producing assets and to distribute each year the balance ol income arising after provision for all known revenue expenses. The accounts for the year to 12 April 2024 have been prepared on the receipts and payments basis in accordance with relevant legislation and comprise a statement of assets and liabilities al that date together with a receipts and payments account for the year There is an excess of payments over rettipt$ for the year amounting to £{16,862.931 which has been deducted from the cash funds brought forward lo leave a balance of cash funds to carry forward at the year end of £78,173.74. RBC Brewin Dolphin manage the quoted investments on a discretionary basis and provide advice to the Iruslees. These investments have performed salisfaclorily in the year. Fees paid in the year for accountancy and administrative se1vi￿S to RNS Chartered Accountants, a firm of which S Wilson, one of the trustees, is an employee amounted to £12.500 plus VAT. J P Heeney, a partner of RNS Chartered Accountants, has continued lo act as Independent Examiner for the Charity. On Behalf of the Trustees J N Harrfson Chairnan 20 Novembef 2024 Page 2 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES ON THE ACCOUNTS OF SIR ALEC BLACK'S CHARITY I report lo the challty Iruslees on my examination of the accounts of the charity for the year ended 12 April 2024 which are sel OLtI on pages 4 and 5. Re8ponsSbllltles and basls of report As the ¢harity'$ trustees you are responsible for the preparation of the accounts in accordance with the Charities Act 20111'the AcV}. 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 145ISllbl of the Act. Independent examine￿$ stalom?nt I have completed my examinab"on. I confirm that no material matters have come to my attention in ¢onne¢tion with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act", or Ihe accounts do not accord with those records I have no concerns and have come across no other matters in connection with the examination lo which attention shoukl be drawn in this report in order to enable a proper understanding of the accounts to be reached. J P Heeney BA (Hon8} FCA RNS Chartered Accountants 50-54 Oswald Road Scunthorpe DN15 7PQ 18 D￿8mb￿r 2024 Page 3 SIR ALEC BLACK'S CHARITY STATEMENT OF ASSETS AND LIABILITIES at 12 APRIL 2024 2024 2023 ASSETS Inv¢$tmènts British funds and corporation stocks Imafkel value £288,829) 310,946.23 383,843.70 stocks and shares of United ￿ngdoM and overseas companies Imarkel value £2.672,0821 2,122,650.39 2,034,192.07 Freehold ground rents 395.96 395.96 2,433,992.58 2,418,431.73 Debtors 1,439.91 Cash Funds Stockbrokers deposit account Bank current accounts 36,517.51 41.656.23 11,546.33 83,490.34 78.173.74 95,036.67 2,513,606.23 2,513,468.40 CURRENT LIABILITIES 9,900.00 18,646.75 £2,503,706.23 £2,494,821.65 The accounts were approved by the trustees on 20 November 2024. J N Harrison S Wllson Dr D F Wilson Parker OBE P A Harrfson Page 4 SIR ALEC BLACK'S CHARITY RECEIPTS AND PAYMENT ACCOUNT year onded 12 APRIL 2024 2024 2023 Recelpts Gross interest on British funds and corporation stocks 13,063.28 12,432.87 Diy￿endS on stocks and shares of United Kingdom and overseas companies 78.917.26 76,120.49 Ground rents 20.88 8.38 Stockbrokers interest 695.78 39.68 92,697.18 88,601.42 Sale of investments 597,457.10 214,091.83 690,154.28 302,693.25 Paym¢nts Secretarial and accountancy serVi￿S Independent examiners fee Stockbrokers fee Trustees travelling, meeting and general expenses 15.000.00 900.00 18.238.12 18,600.00 900.00 17,840.42 5.838.35 39.976.47 4,660 90 42.001.32 650,177.81 260,891.93 Purchase of investments 529,451.15 169,972.79 120.726.66 90,719.14 Charhable Dbsbursements Bed linen and down pillows for charitable organisalions Sick, poor persons and organisations supporting such individuals 87,395.81 40,821.90 50,193.78 137,589.59 54,138.70 94,960.60 Net IPaymentsVRacelpts {16.862.93} (4,241.461 Cash Funds 13.04.23 95.036.67 99,278. 13 Ca8h Funds 12.04.24 £78,173.74 £95,036.67 Page 5