REGISTERED¢HARrrY NUMBER.. 256691 The BILlStonCharitsbleSetUemèntof 15 March 1968 Repcvlofthe Tntsiees•d Flnanclal Stslenjents forthe Year Ended 5Aprll 21r24
The B]uston Charilablesetllgrn of 15 March 1968 Coni¢rkts ¢ftho Financial Statemer lor thè yèarend¢d SAwil 2024 Page R•fgr¢ft¢aDdAthiin551rati¥e C*tal R•port of the Tkwsle68 2 to 3 Report of the IndopgTrd8nlAu(rrt¢X5 4 ¢0 6 ststementof FIna[alA¢11lt0s Balance Sheet Cash Flowstatément Note8 to Cash Ffrw Statsme 1Q Notesto the Financlal Statomenis
The 8Iu51on Charitable Setilement of 15Marth 1x8 érenceandAdmknL8traiive Detalls for Ihe year ondèd 5April 2024 Prfnclpal add$S W1V8F Sgtllor J t0Th Trust80S Anna Jacquefm8Jossa Marbn Da¥KI pnerCBE Danel Isaaclknv Adrnini5trator Prism GffL Ftmd U&L4 Bar Coutt$ & Co 440 Strarxl LoThJon C2R (¥JS Independent auditors A C Mol8 LLP CharteredAccouniants & Stabrtory Audrto staffd Fkyjse Bla&brook Patk Aven Taunto TA12PX Solicitor5 PaytHK5 Be Lir01,$ In 10 WISquare Lonth)n Invoslm¥ntrnanJge MerKJffl Inves1ThnI Management (prwiousty Veriias Investsneni Partners IUKI LThiedl 2a Soutlh¥ark 8tKJe Ro LotKltrn SE19HA RBgistBred Gharity nuMber PagBII
The BIu510fi Charitable Sellkneniof 15 IAarch 1968 Report of the TNsle8s forthoy8ar8nd8d S Aprll 2024 The Truste£s present fvir teport alory finaroal statennIS ol The Bluslon Charitable Settlemèni of 15 March 1968 I'lhe Charty'i. (Ihe Tnjst'j for ttE year t 5 April 2024. The financial statements have been prepared in accordarte with the accounting Pe$ set ovt pages 11-12 atKI U>[n Ihe Chartys ttusl deed and apFlicablÈ ConstSbJtlon and obfvcts The Bston Chari12ble SMeml ts vn(r4 InJ51ileed daw 15 Marth 1968. The Settlor 15 Jack Bst0. It is a registered chaiity no 256691. TheobierAs of IhE ChaJity are kkrlheTtUStees lo hoklthe Trvsl Fund and the incorne Ihyeof IooTlowafds or forthe bener or in furtheranceofsuch chariabb purposes ortharitabbthstilui¥)ns a$ Ih&TnL8tee$$hall in their absokrte discretion Ihink Gianlmakiny The Ttu$iees meet bannual to ¢onder appltations from rnnge of thar1. Duriw the year ended S Apn"12024. the Tiu$tee$ have $upporteQ thtitEs in the1¢knr atea5". Educaik)n of thi8 - Capital &xpenditure prqecls ferschools aThJ eduCa14 estthlwnen - Support for the welfare of Ihe underpiiwleged - Support of hospit81s and med] Inststb)ns - Universrties forsFeoficresearch k¥ojects In &drtiori lo grants ma( ID Ihe yearthe Tntstees Pove COnlled tolulure grants 85 5hcwn in th8 accounts and detwled in nole 8. Organisati The Ttuslees who ha setved duriw year atKI stheyear<Dd a 5etoul on page 1. The Charity has m empbyee5. The Twslee5 art eyw¢xd kxofes5iwaLs. for Ihwr expwi8nce and expertise. There ore no plan$ to recruit newTrustee$. FlnancHI revlewand investrnent pc4lcy During the year. the Chanty had totol income of £W).816 [2023". £647.2291. The Tiuslees made th)nalK)ns of £410.325 12023 £570.4151 The Charity's future Co[ru[ents have b delerm1 by the Tru$lees. having taken into eonsideratv)rn uncertainty ol Ilk ¢urwi e¢M(mK whth ¢<wkl have an %mpaGt on the bi-annual dividends r8cenied. The Trwle85 will contu1 to M11( and review. The Trustees have irtluded cotrunitled donatiDn& in these accounls of £127,51512023.. £375.41S. The Trustees have fuTrJs under managewl ith MeThJn In¥8Stmenl managenI wj opera18 inveslmeThl 51ralegy on beham of the Trustees. TheTrLt8es inveslmenis which generala wcLYne lorneet the charitable Oft Charity. R•$eN¢s pdi¢y The intention of thè Ttuslees i% lo retain IhÈ Bhtston seevrds shares are not trjable) together with Ihe other asseis 18Cl8d from the Eslale ofiha kte Eknbeth ts510n. as 94ern inveslrnents. They11 di$lribute the Tiusl Irome within a leasonab peiitrj each year d. Cash reserves a Mainta¥ in order to meei forthccthi commithnIS. Safeguarding and IAh¢rpolKi¢¥ The Charily has a Sel of pOlS Ihat are wulatly tEviev1 by IhE Truslees inthding a S3feguarding pakry. The Safety aThd w8War8 of any cl¥kJren. young peopte or wulnerab athjns leoVeciNety. ulnerale persons'l assisied or olhewise impacted ty the Charity's or the actMls and prOgrMe9 it SUFPUts paiam(xJnl nnportan( to Ihe Charity. Compliancewith local legal and gulatory51afk1ardsand be5twxtKe arecor6hJered Ihe 8bsoluleminimuM requiremenl. T1 Twsl may seek assuran that hvJhe(5tsr8[ds are rnp)5ed. Page12
l•Blu8tyJn¢h•ll¥l•S•ff•n•ntol 15 1969 R4PWtofth• ThIiiM¥ rth•yw wtd•dS Aprtl 2024 Th8 haVeO11den10w1k1YSp•)kr.sk# To¥t &ven that IM• of th8 Imrt dCOVlD-19 b be TnAte8B knat kn8 n5k Itimps¢kng Publ1¢ B4n•fit Th8 TrusteB5 019 C(IISLaLMAI OTIM wM181nas wthbenelt Ilmso Wmtoftnqs are •PWied Br8ccx10r•a. gt•t•m•ntafTru8t•••'rwpw•bnii•• Trust08s ar8 reipcfft$Olg tr prepwng tre Trleas. Amu RePutj On11 Glalomonts In wdan¢• epplicab19 w •id UAIOU KiTrJ(knm RwrlryJ StoThYard 102 The Firwial Roptyinp StsThJaid aWt40 In UK ol Wrkd Armmb Law b¢hwOi85 kn Ervjernl ¥ThJWstW05 kn8 $laierMnts fty firwial yoaf thich gv8 8 true and l@Irw trtsle rfafèrs dlty4j cl1 •xr•ndiknr8 thanty trat pwio1 In W¢Ie1$tsn. theTrustpK we rewr8d ts . S•l&itw.tat e¢coJrtJng pJi¢kx SF# ¥$1. -MakB Judoemrts enu wmAthoe$lm8les hat4r• re&sL¥9 .Cb5erv8 the m8tryJl¥ OnmOI In Ihe Ghwity SCIIP.. . Stslg whethBrappii¢8t44 >othtngstsntsrd& hthTO brdFRd &tslt0ydIPItkn8s and 8Wan8d it8tements", nu84n The Trusieés 81• rosKth$¢J thscby8 wikn 8¢Jr 8t b)0 orClaI 110 aTrjqrIo Gtatem8nls ts)m#y¥w Lh• ChaThtss Art 2011. ChqThty (Acccurds art Flfjprytsl 2008 aThJ FIc51rS of Trustooed They 8T8 also r05pcn¥bl8 fcf EaPaouarding ts wsqts of lh¢ Chgrty IxriC8 ts re86(mabl& sws pro¥eNx• aTrJ tocots) Orr1a Énd owirrwJibqs In $0 far as tre Trvslfje5 W8 8ii£r8 . Th010 18llo re¥ttIl Infum8b)nofThth th8 (n4¢or980ltr$ we . TheTrust•u on al 6kp6 cwhl )h8 kn toftmlo 6we DI any rdev8niwLIt f(ymabc snd toes&bliBh auth&y8 w4 •w¢ dm1iiflf ai¢ dTrvs06 artm D Pwwfjr C8E- Trwe l Ot. TrL¥* ptyJg13
Reportof th& Independfrnl Auditor5 to IheTru8te88 Ot The Blu$lan CharttablB Seltlement of 15 March 196B Opknlon We hav8 aL#1ited the finanrAal statements ol Thè UstOn Ch>rtstk Sdlknnt of 15 March 1 I"Ihe Charrtl'l for year ended 5April 2Q24 which comprtselheStat8nntofFNwialActNrbe5. tIE Bthn Sheet. theCa5h Flow Slalement and n(4es lo fioanoal statements. dUd1Thj a $thM8ry of aCCn polmxès. Ihe financial rèporti framew that has been apd in their pparall0n is wlicablelaw aThJ United Kingdom AcccrfJnling St8ThJards (United Generally Aceepled Accountiry pra). Y11r¥j FinaKiaF Repothry Standard 102 The Finanaal Reportiry S18ndard appl'cle in the UK and Repth ollrelaThJ'. In ouropinion IhE financial slalernents". gwe a Irue and fair of Ihe stale of Ihe Chariys aNairs as al 5April 2024 ar of it5 vKorniTrJ resour and applKaltr)n of iesources. for Ihe yearlhen eTthd." have been properfy prepared n accoidanc8 th United KiWj GeneralA¢¢ted A¢¢tyJntirwJ PtaGIKe." wxl haye been prepared in a(wId¥n7Ih It r8quir8Dnisofthe ChJiis Ad 2011 8aslsfor oplnton We conducted ouraudit acctnWith lnlematw)n Standards on AUliNd lu IISAS lu} and aPpIab law. Our respon51bilittes Uer thos8 slanda¥d5 are further 4Jescrthd in the AlitOrS. iesports>liiB5 foi thE audit of the finanrAal slaletnenls sedion of our rewrt. We are IndJen1 of the Charity in acCorKe with the eic requirements thal ale relevant to our al fin2n¢121 ststements in the FRCS Ethical Slarxlwd. we hav8 illed our other elhical r&sponsibilils accordarfe with regeMÈmts. Ihat IhÈ audrt ÈVKlÈncÈ WÈ have oblained is sufficrenl and awrcPrie to piovth a basis fOrr Concluslorts rèlatlng to going e¥)neém In audrfTng the financial stÈlernen15. we have that the Trustee5' use ofllE goir¥ corrern basis of accounliw in the preparation ofthe fiDaDckql statements is approwmts. Based on Ihe work we have perfoimpd. we have rKA hlerlthed arry malerial urrtaintE5 relaling lo events or ContfitnS that. or colle¢tety. rnay ra5t 5ignthcar4 dovbl on the Chardys abilty lo continue as a goiTrJ concrn lor a Fefh)d ol at leastlwelve monlhs from %¥hÈn the Iinantial statemÈlll$ ao aulhori5ed for issue. Ir re5ponsibilitEs the responsibthtE5 of the Trnsteesith resFecI to gng corKem arèdéscrbl in lh& rdevanl $e¢iions tsf Ihi$ reporL Other inforniation Th8 olher iThformalK>n CoMpe$ the infonnation in¢hJded in IhÈ Annual Report ind1n9 thÈ Trusiees Reporf her1han the financi31 statements ourauditors reporf Ihereon. TrTruslees ar8 reSpSIbl&for1h&0Ir infomiation ¢onlainedwithin the annual reporf. In connection Trhilh otr audfl of thefinantsalst2temerts. thjr responsbTlity is to read the Dtherinfotmalion aThd, in doing so. consider whelher the other infNmaiKn is maieiiaty I)¢$1enI with the finartal 4atemen15 or our knoYAedge oblained inlhe audit orotheeappearstO bematerialty misslaled. Ifwe¥lenirfysud) material inrA>nsistencies ar¥parent rnalerial misslalemenls. we are requi to deleimirE this gNes rise lo a materia1 misslalement in the financial $talèm8nts Ihemsefves. If. based on Ihe wtyk we have &rfryrnl. we concIre Ihal Iheie a mater1 misststemenl of Ihis other information. we are required lo reportlhat fad We have Mthing to tÈport in Ihts 3rd. M3tters OD which we are required to report by excepilon We have nolhiThJ lo report In respect ofih8 Ikn9 malte¥sthe the Charits Acl 2011 wuitES U5 tv rewrt lo you rf. in Ih2 otxnion". ihe in1ormatA9Iven in IheTm51ees'Annua Rewti8inthiststentinanym8tetial lespedyIh thÈfinantrdl 5tal£rntrnts, 5ufficEnl accounling records Iwe nol been kepl". L the Iinancial SiaiemÈ$ arÈ not In agieemenl htheaCrwn1I rewds relum5'. we have not recewed all the Informabon aNJ expLgnation$ we roUr1drt P4e14
Roport of the Independent Aud5f0 tothoTrLk%iees of Th& Blu$iw Chariiable Settlementof 15 March 1968 R8sponslbllt10s of Trust8e5 As explained tnore lulty in the Stalernelll gfTrustees' Resth$. Trustees are reSpOnsb for the preparation of the finantial 8tal8rtnlswhich givèatrue andfair¥thf. ondforsuth w4emal¢tyrtrol as tTrusteeSeteine nece55ary lo enable the preparalKn of financial slalements Ihat are free frorn malerial mi$stalemenl. therdue lo fraud or error. In preparing th8 finawk91 statements. theTr$tees arÈrespJnsA)le forassessirKJ Ihechaniy's abilitylo Contin as a gr ¢on¢ew. dis¢losing. as Èppli¢abk. maets okited to gotng CeM aThY using the wing concern basis ol accounti unlw the Trustees either Inte to bquidale the Charty (x to cea or have Tr) realislK 3tterrk3lNe but to ( Our resptsnslbitstlestorthe audit of thefinancial slaten We have been apPnted 85 auditors undei Seclion 144 01th8 Chariiies Ad 2011 and rwrt in ac¢ordance tth the A¢1 and rekvanl legulalTrs made or having effect Ihereunder. Ourobjedwe5 areto ttain reasonabasSUr8Tr atK)utthr1tfiNanu9IststneTrtS arefree from m8leri81 mi$slatÈmenl. whether due to fiaud or Èrror. to Issue a Rèport of the IrKJepèndÈnl AlIorS thai includes oui opinion. RÈasonabl8 assurance is a high Ve1 of assuran(. bul i% 0t a guarantee that an a11 cOdudEd in aCGordance bmlh ISAS IUKI will alayS delect a materi81 mis51atemenl when * extsis. Misst8tem8nls can arKse from fraud or error and are con5ideRd rn•leri#l if. Indiv01 or in the aggregate. they coubj Te850nBbts bp expecl8d lo Influence Ihe economic derasions of users taken on the basis of these ffflan(aal statements_ Irwul8ri1ies. including fraud, ale insts[S of with La KI UlatiOns. We design protedurès IA line th our re8ponsits"Iitses. outld above. lo del[ mat mi5Stat&Menls in respect of irreguLarities. irncludit¥J Iraud. TeXIent lo which Ourprore5 are (apabk ofdetedw¥ irregUrt. i111r¥j fwd is detailed bdw. Identltylng and assesslng potentlal rosks of matsw6al mlsstat•m8ntduo to Irr8gularitles consithred the follown9 when eIrfylry and assessi ri%ks of material mi55taternent lo gUlarl[s, fraud and rwompli?nce wilh tsws and regulalw)ns-. the kgal and regL4alory fram[ In the Chanty opers the nature Df Ihe settor in whith the Chty DrateS the control wwironfflenl and coTrlrols eslablEhed lo rnrtyate 5uth risks the results of our eNuirEs ofmanagemenl about t11 KIen1rf1ts)n aThJ assessment ol risk$ of irregularrt$ d$5108 lItt Ihe audit eDgagemenl team akn)ul Wet Ir8ud mpjhl ctt Ihe inrnlNes lor (laud L8ws and regulalioTrswhith are conSere[¢t0 be s¥nffant indLKle Ihoserelalwy loihe requirennts of financial reporting framew(Mk FRS102. Ihe Charit$ Acl 2011 and UK lax kgisblK)n. In lti0n, we cor olher w5 and regulK)n$ whKh may rK)t diredty pa firwrKial slaternents bui may OD ¢)peTrbon5. As 8 result oflhese pr4xedur8S conLd. In aord•r¢1th lntemationalAcCntiWJ Slarxjaftss. Ihata risk relalion the potenlral for managementovettide of controb exisled. Audlt rèsptsnsèsto rlsks Idonlified We undertook 2udit procedures lo respmd to risks Klpntrw. arKI desKJned our aLKlIlte59 lo respond lo these ii$ks. The additional prodUreswe wndertook ¢Jded fokn¥RIg." gaining an undetsta1w ofthe prdureS for ensuriw ¢ompliarKewlh 14p& and regulations lestg the appropiiateness of joumal enlnes and other adjuslrnents consideriry whether accounting eslima18swerÈ indKatNe of potential bh considering whether any tran5aclvJn5 arose outsth Ihe rntmalixxjrse of isU making enquirEs of management 8uIng as to corrty)Iiance th key Charfs Ad requirem1$ thriNJ Ihe penod corioboraling our qUirieS thrh of Boaid I41ne5 and correspoTrJe We ¥150 comrnvnraled r¥anl law5 4rKI regutstions and potential fra$ ri5k$ lo al engagetnent team members 8nd remained art to any indicalors of fraud oi fiortornpliant laws an1 regulalK)ns thioughoul the audit. Bause of the he{ent limitalionsof an aLhJil. thwe is a riskthatwe %il notdeted all 1wularil$, IJding Ihose leading lo a malenal Tni5slatemenl inthe slolements oi non-c0ryrrwith rEgul81ion. This risk Increases th8 more fftal compth'an with a13w or rpgulation is removed frorm the evenls arid Iran5actK)ns iellected in the financial statements. as wé will be les$ 5ikdy io 08me aware ol insiantes of The ii%k Is al$0 greater wardiw irregularities otcuriing due lo fraud ralhei Ihan eiror. a5 Ira1 invo& teIal concearnpnt. forgery. collUOn. omi55ion or misreprèsw)iatson. A further descnplhin of ovi re5ports1"1ft for th8 clthe finanual 8lat8ftnts is hxateo on tha F*ian&al Reporting Counul's website al w¥vw.frc.OTg.uklauditor5respOnybs. Thi5 desuybon f(xms part ol our Reporf ol the Independent Artors. Page15
Report ofthe Indew)denlAudltots lotheTntstees of Th Blust¢)n Chaiitable S¢tll¥nntof 15 March 1968 U88 of our report This report is madE sow lo Ch31iWs Tslee$. a5 a tKMty. in accordance iih section 114 of the CharilEs Act 2011 and the regulatitrns made UNJÈr sedion 154 of IhatA¢t. Our a¥it work has been undertaken so th81 we rnight at&to the Charivs Trusle8s Ihose maNers we are requi lo slate lo them in an auditOJS' rew)rt atKI for no other putposÈ. To the lullasl axlenl p8miitted ty law. do not ac£epl or assm resp$ 10 any otrr than Iha Charty'$ Tw$l883 as body. forour audbtwork, for thi5 report. oi for the opn1$ have lomed. A C Mole LLP hartwed Accountants & StaluloryAL*lrtor Slalfofd House Blackbfook Park Avenue Taunton TA1 2PX P4e16
BrnchatableS¥tIIernvl of 15 Atsrth 1968 ststementof FinanciJlAelNtt68S lorthe year ended SApril 2024 2024 2023 furts Total lunds Incomeand endowments from Inv8Stmenl IncMe ExpendStur Charitable acli¥111è8 Cost of raIng funds 410.325 614.941 Total exp8nilur• ILos5yGains in%stm assets 3433 141 Net incom14et movemont In fvnds 1567.49DI 3.465,429 Rèc¢n¢1aIlon of funds: Tolal lunds bTavght forward 29.639.489 26.174,COO Tolal furyd¥ cafiied forward AII are unre5trided. P4e17
Th•8¥bA Chwllth8¢¢i¢Nwtof 15IA•roh 1•81 n&•8h•l for th•y•r •nd•d SApA 2024 Flx•d4•8• Irw8sffits 28.452.018 29.6S7.405 Curr•ntlty CaBh ott4nk 713.404 371.199 Cr•dltsr• Amcuits falhno s 1143.5031 29.071.999 29.639,489 NET ASSETS Funds LknrQstrkn lJnc4 Tolal Irt• Tr• slemwtsww@ wr6Yedby theB¢xtd ofTrnths tri$n 8n rth Q p810[ COE. D8rxdl Df- Trus8 PJe18
The Bluston Charilablo Setilornent of 1S Marth 1968 Cash Flow Stemort forthe year•nded 5 April 2024 2024 2023 Ca$h flowsfrom OTa9 a¢tivibe5 Cash Iwd le[al}n$ Net cash used in operat¥w actiwtss 656 418 Cash flows from investing actfvit68S Inleresl recewed Dividends recaived 13.655 687.161 802 646,427 PurchasÈ ofinveslmenls 1990.WOI sa ofinveslmenls Net cash ptowided by investing adNi1$ 647 229 Change In cash and cash ewfvdenis In tho reportlng perfod Cash and cash equivalents at the beglnning of*h¢ pOrting p¢rio 411,783 173,2971 371 199 444 496 Cash and cash 8qulval8nts at theend of the reporting period Pag819
The BlustonCharftabl8Settl8ment of 15Marchl Notes totheC89h Flow Statemènt forthe year ended 5 April 2024 Rfjconclllation of net Incorneto n8t cash Itowlrom operatlny xtivit$ 2024 2023 Net income forthe reporting perfod las statèM•ntof Flnahd ActNitiesl Adjustments tor. GaIlI05s5 on rive5trr Inte$1 re¢enied Dividends reNed Decrease in cr8dRors 1567.4901 3,465.429 1.057,500 13.433.141) 113,6551 18021 1887 1611 1646.4271 245 612 Nèttash usèd In ¢)per*iti Anatysls of changès In netlur At 8W23 C4$h I At Not cash Cash ai bank Cash hekj within investment port&)&) Tol 371.199 392.285 19.498 763.484 Page110
Th8 Blvston Charitsble Seiiiementof 15 March 1968 Notesto the Fiwclal Statements torthe yearermled S Apnl 2024 Accoun9 poll¢l¢s AGcounting convention The financial slalements of the Chaty. whh is a enlty under FRS 102. hav8 been ppad in accordan th lh& Chariiw S(%iP (FRS 1021 AccounlirvJ and ReportiTrJ by Chariti8s.' Slalemenl of Recommended Pract•pl1¢alelo th3rthes prepanng IraC0)UnIS In accordancewiih the Financial ReportiTrJ Standard applKable in the UK and RepublK of liel2ThJ (FRS 1021 (effective 1 January 20191,, Financial Reporting Standard 102 'The Fin8rKtral Reporting Standard aFpIKabfe ifi the UK and Republ of Ireland, atxl the Charils Act 2011. The finanual stalernenls ha been prepared uTrJerthe hist(4icalcosl con¥ention, wrth Ihe exceplion of inv8strrnls which are indudèd ai morkei value. riticd a¢¢ount¥ estimatss and JMentS The preparaion of the fillaa slalemenls confrywwlh FRS 102 requtres the Trustees to make judgements, estimate$ and aSsntIOnS that affett the uf polcw qnd reported 8mounls of assets and kilit. incom•. eXpe$. E$limates and jLKlgements are (xJniMaty evthatsy aTrl are bas•Y on hBtorical exFrnce aThJ factofd. including expe¢t8knon$ OlfutueetrtS thatare IÈ¥È lo be rea8 unorthe circumstarw. The 7ruslees maE estims and assth?pI c£emj Thè re$L9 actthjniing es1¥naS wl, defnrfion, seldom equ the rdaled aclual iasurts. The key sources ofeslinalw)n UnC6rta Iha finatKial sta$ fty¢4Jrrwtt woryearare a5 fol)w5." ne The Iru5t hokfs un1st In1r85 n Ihe She$ of &uston Securities Lmited, a prival? l¥nited ts)mpany. The Tru$lees have Condèred thÈ nei assets Drnkny. Ihew sh¥ehoing and an •)k¥opiiale diseounl laclorlovaluethe itweslment. In IIEevenlofa dwxksaloftkEse Investrnents it Ihatsale Proc15 could dfftei fiom vdualion. Detats ofthe Vaaon ale ujckkded in no 7. IncDme recognltio All in¢we is re¢ognised in the Statement ol Financial AcINrf orKe the Charty hls eThlitknenl tothe hjnds, il is probable Ih8t the in¢e %wll be reteNed ar amount can be mtrasurl tdiat4y. Inv8slrnent ie i5accovThl fol in Ihe PWKOJ the Chty ts to recapt. Dividends are OllQ Ihe ¥JiTr has be dedad aThY nolifKakn ha5 been receNed olthe dNk1end due. EKpendltur• COgnItIO Liabilrfies ale rectrjThS a& expetKliture a5 as Ihere i% a W otCOll51tuthe the Charity lo that expenditure. it is probat4elknal Se11MentI 18QUIred aThJ the amount of the 0tIOn w be maasured reliably. All expenditure ts a¢Unted on an %csu218 basis. Charitsble exndre comprtses IIK)se (x)$1$ Gr[e ty the Chwly n the of 115 aclNrfB5 and SeiCe5 for its berEfitsarts. It includes bolh eosts that Lan bè alkntated dir8ety to sud) ad11$ and Ihose cosi$ of an indirect nature necess8ry lo support them. Goyemance ¢o$i$ In¢1 rn515 attri11 lo Ihe ChaTiW5 c(ffl9Ce with con5tibJtional and slalulory re4U1meThIS. Irt111Th9 audit. Strateg rnaTrageml aNI TtusteÈ's methg5 atKI reunbu expenses. Gianlg offer8d subject to cerfain Condth Thfiich have ken mel al the ar end dale arè Ind11 as frjmard commiknils. Raising funds Taxation The Charty ts exemptfrom taxon is that1tab lnik5 to the ÈxlÈrt Ihalllw arè arWl fOr1e purptses. Fund stru¢tuM All funds are Un$tred aThJ aval*forthÈ atttre.$.sfjrtn infithran(% Dfthe o14eclve5 oflhe chanty. P8ge111
Th8 Bluston Chavllabl¢S¢tUemntof 1S March 1968 Not¢s toth¢ Financi statts-¢oDtyUPd for the y•ar ended 5 April 2024 A¢unting poh¢ies-cothtinued Fixed assel in¥estm•nts Li%ted Invaslmenls Listed H)v8stmeni$ are Stsledai fairvalJeatlhebalan¢esheei date. whth isdeterrnn bytheirpthlkshed market value. Unlisled lMeThI Unlisted inveslmenls are valued by the TAts¢ees. irNe5trnerts r4)mprise shares in Bluslw SewrilE5 Limited. 8 propety inveslmenl cryny. The Directors of l10n SecuritEs Lwnrted Ihwj party Wa1S value the CoMpY'S pmpaty portfofio as al 31 March 2024. the Valua1 based thi MartetvaI. and uThYertaken byJows LaThJ Lasalle. The Tmstees have detemiined vabje of Ihe shares the Trust kts in thè cffiipany based on the nel assds of the Company 3t 31 March 2024, whth (Orporate Y?aln. All gains h)s5es on revaluabJn are inthded in the Statem1 of Fntial A¢tiviis m the year in Y4hich they occur. Going concem The accounts are wepared M Ihe basi% that the Charity has alequala wesouices lo Contin to operale. T Tivslee5 have reviewed and wn5idered rEbvant inlorrnatn. indIng the futu ¢a5h flows in making their assesSMl_ This assessment tiweritmj a perKxl of a minimLYn of IwelvÈ months Irom approval of Ihe5e financial slatemenl$. 8ased on tlse asse55Th1Ènts. ttE TnFSlee5 have thal ttw Gan continue to ad(yl the going concern basis in preparir¥J the ann1 iepm arKI aLunt. Cash and cash equivalents Cash aNI $h equivalents¢Nnpiise Oft hartd and C4depQts. JndotherslK)rtterm hvJhtyl'quKI in¥esirnei that are ieadity conv&rtlè to a krkn¥n amounl of tash and subjetl to an insunfftknt of thange In yah. Financlal instnjments Other basic finanthal assels. ft)dUd1 invesknenls in 4uity instrurnemts whit ate S)SIdiarS. 4$$0¢4afrs or joint venlure5. are iTritially measured at fair ¥ae. whth is tK)trnaly Ihp IransactiDn pri_ Such assets Hre Subsequenlty carried al faw ¥abJe and changes in farvalL* reco9nised profil or loss. 6asK financ4al inslrL¥nents incbjdes basc f Thaal liakn"IdEs- cl[ payabks- whKh are 81 transxlion price and rN8sknenls which are atmatkel vatue Cash al bank indvdes hekj banks otlrilhjn 5horttemi inve51rrwl5. In¥•$tment Incom& 2024 2023 Dividends receivab Interesl reCaN8 Deposft account wilerest 887.161 4.310 9.345 646,427 802 PwJ8112
The DI10Chari12b1e Sttknentof 15 March 1968 Notes to the Fbn¢ta Statemerts. ¢ontlnu•d for the yearended 5 April 2024 charitabte actlvltlBs costs GlartfU1ln9 ofathiil 1$¢¢ note5 4 & 81 2024 Sypportcosts so• note Sl 2024 Total 2024 Char"rtable aCtlIS Sup cosls 367,497 367,497 2023 2023 2023 charitab 2cbwts Support tosts 570.415 570.415 44 Grat)ts payablo Charity Number 2024 2023 B&1 Halo¢kn UK Biilish FrierS of Beth Medr05h Govtha- LakeHol East 8rilish FndS of Shaa The Br1$h Friends of Zithron Menachem Camden Psycholher8py Unrt Central Brrfish Fund for Wd Jw*i5h Relef Chief RabbinaieTwsi Childhood Tmst Faims for Cty Children Lwnited Friends ofOr¢hos Torah Goer$ Green Beth HaThedrash C4ngregaic Give11 Forward Today Thé Btilish FrierS of Ihe Jaffa Institute Jewith Council for Racial Equalty Holow51 Educaborial Ttwt Ini8rfink FOuatn 114699) 1023816 1081887 11Q2612 1112967 290767 1(rJ5678 1154032 25120 1178679 1138578 1153393 282049 1132666 18,0 10,0(M) io.o(M) 22,000 5.fX)D 25.iX)O 55.tM)o 10.mD 35,0 10,1KIO 10.oc s.000 50.OLX) 10.DJO 25.OfKI 10,000 10.000 25,000 10.OOD 25.IK)O 10,LX)O 25.0 9.997 1079311 1117644 802559 271519 10982( 207994 1rA)4992 326442 1151329 327912 2LYJ259 290767 20.000 Jewtsh Care Kish8ron Mxcabi GB Marie Cur Ohel Sarah Shaarei Torah Stand Wrth US UK The Friend$ ofohel Toiah T1• Variety Th8 Chiklren's Ch8rty wo[ Jewsh Relief 25.0( lo,0 5.OOD 10.000 5.000 25.QOO 50.000 50.000 ,rK)D 50.OLK) 10.OLKI 60.000 150.0001 .0 1fMI.415 25.000 367A9.7 Page113
The BIu51on Charitst48 SetU¢mentof 15 March 1968 Notes tot1 Financlal Staiwnonts- ¢ontInd forth yoarended 5 April 2024 Support clts Governanc• GoYemanc8 costs costs 2024 2023 Support costs Ana$15 01 supyJrt C45ts 2024 2023 Bank chwges Auditors, fees- audtswvkx Administration fee Audrtors. fees- aud SW18Cc¢4tsntyI Legal and professional 385 280 5.218 7,4DO 28,800 27.600 4.470 6,900 TrustW8' remuneration and benefts Anna Josse a diredorofPiism Admtr)istrabon L Thrted. whKth ministration and Twsiee semceslo Ihe Charity. Duriro Ihe year. the Chaiity paJ Ihtr afwNenThoned ccthpany £28.80012023- £27.6DOI Martin PaisMr is a partnerof Payne ge. yovl8s Wl 5er¥ic88 to the Charty. During Ile year, the Chariiy paKI the a[orenE.med busirss £1.5CI)12023". £2.3461 TnJstO88' expeii The{8re no fNslees' expense5 pahj fortheyearethl 5Apra 2024 norfortheyear enthd 5April 20rJ. Flxed asset tnvestsnents Irw¢stments Invèstments Total MaTk8t value At 6April 2023 AddilH)n$ 1.157.405 28.5ry).( 29.65T.405 990,000 11.157.385) 1057 SCKJ Di$p05al Revaluat*)n 11,157.385 92 500 1.082,520 27.350.000 28.432.520 Cash hekl wlhin invesbYÈnt FKXtrtAh) At 5 Npiil 2024 There w¥e no investrnenl assets ortsxlelhev Page114
The Bluston CharftabkSÈiuement of 1S March lB Notes toth8Flnan¢AI Slatements- contonutrd forthe Y8areld 5 2024 Ct>sI or ¥th¥ln al SAWI 2024 1$ iepiesented ty. Unlisted Investm¢hts invesbmenls T¢)tals vaatiOn in 2120 Valuation in 2021 Valwlion in 2022 Valuation in 2023 Valuation in 2024 1.187.395 5,673 31.1 166.8591 74.885 20.000,000 21.187.395 5.673 5.031,196 3.433,141 1 224 885 5.Crt)O,QOO 3.500,000 1 15D(M)O Total 8 432 520 Cash hell inve5trnenl Fortfor For year ee S April 2Q24. Ihe Tr have vaw the Uftquuted iThve51menls hek1 al £27.35m 12023. £28.&nl. havirrfJ tak into ¢M$tkin Ih8 net assets of B51 Securili8s Ltd and the rental of certafrn Inve$imeTrls Il holds based on avalb infomiatthi at tl dale of approvin9 IhesÈ financ&al stalemenl8. A (fist1 faclorof 10% has been appld In IhÈ olthe Yalualk)n Ihe Trusl8es corideirea50nable. Martin O Pai%rErCBE is a ¢Jirector of BSt SepJrilEs Lmitad. The valuation is irn accofdamt TryEtees' reporfHYJ 0JaI)n and the lair value of the BIu51on Secuiities Limrted shaieholdiTVJ foi charity xcthJnliNJ purposes skKJuld not L 1reale as anything other than an exwession of the opin of the Trustees and not as a tepresentaben upon whth any IhKd paty or should $eek lo re. Crodltor8'. amounts lalllng dueithln on8 year 2024 2023 Grants payable Accruals 127.915 375,415 lrnduded in ollrtAlitor5 aref¢•? C4)mmitments 202410 2025.. 2024 2023 Btilish Inslitule of Inlemalb)nal &Ctynparab¥e L MaggS Piisoners Abioad Variely Sha8rei Torah S0,LYJO 125,iYJO 50.000 150.415 62,500 40,415 25 Related party dclosures Securit$ Lin Martin Paisner a Tmstee Of1h Charily is abo a Thie(#orol Bluston SeoJritses Limrted. Durirvj Iha yearThe Bluslon arIlab Setllemerrt receNl dNJend irthme 01£881.491 from UsIOn Securitie5 tsmiled12023'. £646.42n. Olhw Iharn Ihose tEferr lo wthin [e6 8j above. I1rere no t8ted party trdTr5actif5 for1l8yearend8d 5 April 2024. PwJ8115