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¢1￿1lt0s 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￿$S W1V8F Sgtllor J* ￿t0Th Trust80S Anna Jacquefm8Jossa Marbn Da¥KI p￿nerCBE Danel Isaaclknv Adrnini5trator Prism ￿ GffL Ftmd U&L4 Bar* Coutt$ & Co 440 Strarxl LoThJon C2R (¥JS Independent auditors A C Mol8 LLP CharteredAccouniants & Stabrtory Audrto staff￿d Fkyjse Bla&brook Patk Aven Taunto TA12PX Solicitor5 Payt*HK*5 Be Lir￿01￿,$ In 10 WISquare Lonth)n Invoslm¥ntrnanJge MerKJ*ffl Inves1Th￿nI Management (prwiousty Veriias Investsneni Partners IUKI LThiedl 2a Soutlh¥ark 8tK*Je 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 staten￿nIS 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 P￿￿e$ set ovt pages 11-12 atKI U>[n￿ Ihe Chartys ttusl deed and apFlicablÈ ConstSbJtlon and obfvcts The B￿ston Chari12ble S￿Mem￿l ts vn(*r4 InJ51ileed daw 15 Marth 1968. The Settlor 15 Jack B￿st0￿. 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 b￿annual￿ to ¢on*der appltations from rnnge of thar1￿. Duriw the year ended S Apn"12024. the Tiu$tee$ have $upporteQ thtitEs in the1¢kn￿r￿￿ atea5". Educaik)n of thi￿￿8￿ - Capital &xpenditure prqecls ferschools aThJ ￿eduCa14￿￿ estthlwnen - Support for the welfare of Ihe underpiiwleged - Support of hospit81s and med￿￿] Instst￿b)ns - Universrties forsFeoficresearch k¥ojects In &drtiori lo grants ma(* ID Ihe yearthe Tntstees Pove COn￿lled tolulure grants 85 5hcwn in th8 accounts and detwled in nole 8. Organisati The Ttuslees who ha￿ setved duriw year atKI s￿￿theyear
*othtngstsntsrd& hthTO b￿rd￿F￿Rd &ts*lt0￿ydIPItkn8s and 8Wan8d it8tements", nu84n The Trusieés 81• rosKth$¢J￿ thscby8 wikn 8¢*Jr￿ 8t b)0 or￿ClaI 110 aTrjqr￿Io Gtatem8nls ts)m#y¥w* Lh• ChaThtss Art 2011. ChqThty (Acccurds art Flfjprytsl 2008 aThJ FIc￿51r￿S 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 o*wirrwJ*ibqs In $0 far as tre Trvslfje5 W8 8ii£r8 . Th010 18llo re￿¥￿t￿tIl Infum8b)nof*Thth th8 (￿n￿4¢or9￿80￿ltr$ we . TheTrust•u ￿on al 6kp6 cwhl ￿)h8￿ kn toftmlo 6we DI any rdev8niwLIt f(ymabc￿ snd toes&bliBh auth&y8 w4 •w¢ dm1iifl￿f ai¢ dTrvs*06 artm D Pwwfjr C8E- Trw*e 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 Sdlkn*nt of 15 March 1￿ I"Ihe Charrtl'l for year ended 5April 2Q24 which comprtselheStat8n*ntofFNwialActNrbe5. tIE Bthn￿ Sheet. theCa5h Flow Slalement and n(4es lo fioanoal statements. ￿dUd1Thj a $th￿M8ry of aCC￿n￿￿ polmxès. Ihe financial rèporti framew￿ that has been ap￿*d in their p￿parall0n is wlicablelaw aThJ United Kingdom AcccrfJnling St8ThJards (United Generally Aceepled Accountiry pra￿￿). Y￿￿11r¥j FinaKiaF Repothry Standard 102 The Finanaal Reportiry S18ndard appl'c*le 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￿ General￿A¢¢￿ted A¢¢tyJntirwJ PtaGIKe." wxl haye been prepared in a(wId¥n￿*7Ih It* r8quir8D*nisofthe ChJii*s Ad 2011 8aslsfor oplnton We conducted ouraudit ￿ acct￿n￿With lnlematw)n￿ Standards on AU￿liNd lu￿ IISAS lu￿} and aPpI￿ab￿ law. Our respon51bilittes U￿￿er thos8 slanda¥d5 are further 4Jescrthd in the A￿litOrS. iesports*>liiB5 foi thE audit of the finanrAal slaletnenls sedion of our rewrt. We are Ind￿￿Jen1 of the Charity in acCo￿rKe with the e￿ic￿ requirements thal ale relevant to our al￿￿ fin2n¢121 ststements in the FRCS Ethical Slarxlwd. we hav8 ￿￿illed our other elhical r&sponsibilil*s ￿ accordarfe with reg￿eMÈmts. Ihat IhÈ audrt ÈVKlÈncÈ WÈ have oblained is sufficrenl and awrcPr￿ie to piovth a basis fOr￿r 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 ur￿rtaintE5 relaling lo events or Contfit￿￿nS that. or colle¢t￿ety. rnay ra5t 5ignthcar4 dovbl on the Chardys abilty lo continue as a goiTrJ conc*rn lor a Fefh)d ol at leastlwelve monlhs from %¥hÈn the Iinantial statemÈlll$ ao aulhori5ed for issue. I￿r re5ponsibilitEs the responsibthtE5 of the Trnstees*ith resFecI to g￿ng corKem arèdéscrb*l in lh& rdevanl $e¢iions tsf Ihi$ reporL Other inforniation Th8 olher iThformalK>n CoMp￿e$ the infonnation in¢hJded in IhÈ Annual Report ind￿1n9 thÈ Trusiees Reporf ￿her1han the financi31 statements ourauditors reporf Ihereon. TrTruslees ar8 reSp￿SIbl&for1h&0I￿r 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 infNmaiK*n is maieiiaty I)¢￿$￿*1enI with the finart￿al 4atemen15 or our knoYAedge oblained inlhe audit orothe￿￿eappearstO 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 &*rfryrn￿l. we concI￿re Ihal Iheie ￿ a mater￿1 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 I￿k￿n9 malte¥s*the￿ the Charit*s Acl 2011 wuitES U5 tv rewrt lo you rf. in Ih2 otxnion". ihe in1ormat￿A9Iven in IheTm51ees'Annua Rewti8inthiststentinanym8tetial lespedy￿Ih 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 r￿oUr￿1drt 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' Res￿￿th$. Trustees are reSpOnsb￿ for the preparation of the finantial 8tal8rt*nlswhich givèatrue andfair¥thf. ondforsuth w4emal¢tyrtrol as t￿TrusteeS￿ete￿ine 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 g￿r ¢on¢ew. dis¢losing. as Èppli¢abk. ma￿ets okited to gotng C￿eM 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 apP￿nted 85 auditors undei Seclion 144 01th8 Chariiies Ad 2011 and rwrt in ac¢ordance t￿th the A¢1 and rekvanl legulal￿Trs made or having effect Ihereunder. Ourobjedwe5 areto t*tain reasonab￿asSUr8Tr￿ atK)ut**thr1t￿fiNanu9Istst￿neTrtS arefree from m8leri81 mi$slatÈmenl. whether due to fiaud or Èrror. to Issue a Rèport of the IrKJepèndÈnl A￿lIorS thai includes oui opinion. RÈasonabl8 assurance is a high ￿Ve1 of assuran(*. bul i% ￿0t a guarantee that an a￿11 cO￿dudEd in aCGordance bmlh ISAS IUKI will al￿ayS delect a materi81 mis51atemenl when * extsis. Misst8tem8nls can arKse from fraud or error and are con5ideRd rn•leri#l if. Indiv￿￿01￿ 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. outl￿d above. lo del￿[ mat￿￿ mi5Stat&Menls in respect of irreguLarities. irncludit¥J Iraud. T￿eXIent lo which Ourpro￿￿re5 are (apabk ofdetedw¥ irregU￿rt￿. i1￿￿11r¥j fwd is detailed bdw. Identltylng and assesslng potentlal rosks of matsw6al mlsstat•m8ntduo to Irr8gularitles consithred the follown9 when ￿e￿Irfylry 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 oper*s the nature Df Ihe settor in whith the Ch￿ty D￿rateS the control wwironfflenl and coTrlrols eslablEhed lo rnrtyate 5uth risks the results of our eNuirEs ofmanagemenl about t￿11 KIen1rf￿1ts)n aThJ assessment ol risk$ of irregularrt*$ d￿￿$510￿8 ￿lItt Ihe audit eDgagemenl team akn)ul **Wet￿ Ir8ud mpjhl ctt Ihe inr*nlNes lor (laud L8ws and regulalioTrswhith are conS￿ere[¢t0 be s¥nff￿ant indLKle Ihoserelalwy loihe requiren*nts of financial reporting framew(Mk FRS102. Ihe Charit*$ Acl 2011 and UK lax kgisblK)n. In ￿lti0n, we co￿￿*r olher ￿w5 and regul*K)n$ whKh may rK)t diredty ￿pa￿ firwrKial slaternents bui may OD ¢)peTrbon5. As 8 result oflhese pr4xedur8S￿ con￿L￿d. In a￿ord•r*¢*￿1th lntemationalAcC￿ntiWJ 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 aLKlIlte5￿9 lo respond lo these ii$ks. The additional pro￿dUreswe wndertook ￿¢￿Jded fokn¥RIg." gaining an undetsta￿1w ofthe pr￿*dureS for ensuriw ¢ompliarKewlh 1*4p& and regulations lest￿g 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 i￿sU making enquirEs of management 8￿uIn￿g as to corrty)Iiance ￿th key Charf*s Ad requirem￿1$ thriNJ Ihe penod corioboraling our ￿qUirieS thr￿h of Boaid I41n￿e5 and correspoTrJe We ¥150 comrnvnraled r*¥anl law5 4rKI regutstions and potential fra￿$ ri5k$ lo al engagetnent team members 8nd remained a￿rt to any indicalors of fraud oi fiortornpliant* laws an*1 regulalK)ns thioughoul the audit. B￿ause of the ￿he{ent limitalionsof an aLhJil. thwe is a riskthatwe %*il notdeted all 1wularil￿$, I￿￿Jding Ihose leading lo a malenal Tni5slatemenl inthe slolements oi non-c0ryr￿r￿with 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 08￿me aware ol insiantes of The ii%k Is al$0 greater wardiw irregularities otcuriing due lo fraud ralhei Ihan eiror. a5 Ira￿1 invo￿& ￿te￿I￿al concearnpnt. forgery. collU￿On. omi55ion or misreprèsw)iatson. A further descnplhin of ovi re5ports1￿"1ft￿ for th8 clthe finanual 8lat8ft*nts is hxateo on tha F*ian&al Reporting Counul's website al w¥vw.frc.OTg.uklauditor5respOnyb￿￿s. Thi5 desuybon f(xms part ol our Reporf ol the Independent A￿rtors. Page15 Report ofthe Indew)denlAudltots lotheTntstees of Th* Blust¢)n Chaiitable S¢tll¥n*ntof 15 March 1968 U88 of our report This report is madE sow lo Ch31iWs T￿slee$. 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￿ otr*r 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 Br￿ncha￿tableS¥tIIernv￿l of 15 Atsrth 1968 ststementof FinanciJlAelNtt68S lorthe year ended SApril 2024 2024 2023 fur*ts Total lunds Incomeand endowments from Inv8Stmenl Inc￿Me ExpendStur* Charitable acli¥111è8 Cost of ra￿Ing funds 410.325 614.941 Total exp8ni*lur• ILos5yGains ￿ in%*stm￿ assets 3433 141 Net incom*14et movemont In fvnds 1567.49DI 3.465,429 Rèc¢*n¢1￿aIlon 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•nt￿lty CaBh ott4nk 713.404 371.199 Cr•dltsr• Amcuits falhno s 1143.5031 29.071.999 29.639,489 NET ASSETS Funds LknrQstr￿kn lJnc4 Tolal I￿rt• Tr• s*lemwtsww@ wr6Yedby theB¢xtd ofTrnths tri$￿￿n 8n rth Q p81￿0[ COE. D8rxdl D￿f￿- Trus￿8 P*Je18 The Bluston Charilablo Setilornent of 1S Marth 1968 Cash Flow St*emo*rt forthe year•nded 5 April 2024 2024 2023 Ca$h flowsfrom O￿Ta￿￿9 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. GaI￿lI05s￿5 on rive5trr Inte￿$1 re¢enied Dividends re￿Ned 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 Accoun￿￿9 poll¢l¢s AGcounting convention The financial slalements of the Chaty. wh￿h is a enlty under FRS 102. hav8 been p￿pa￿d in accordan￿ ￿th lh& Chariiw S(%iP (FRS 1021 AccounlirvJ and ReportiTrJ by Chariti8s.' Slalemenl of Recommended Pract￿•pl1¢al￿elo th3rthes prepanng I￿raC0)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 Charil*s Act 2011. The finanual stalernenls ha￿ been prepared uTrJerthe hist(4icalcosl con¥ention, wrth Ihe exceplion of inv8strr*nls which are indudèd ai morkei value. riticd a¢¢ount¥￿ estimatss and J￿￿MentS The preparaion of the filla￿a￿ slalemenls ￿ confrywwlh FRS 102 requtres the Trustees to make judgements, estimate$ and aSs￿n￿tIOnS that affett the uf polcw qnd reported 8mounls of assets and k*ilit￿￿. incom•. eXp*￿e$. E$limates and jLKlgements are (xJniM￿aty evthatsy aTrl are bas•Y on hBtorical exF*r￿nce aThJ factofd. including expe¢t8knon$ Olfutu￿e￿etrtS thatare I￿￿È¥È￿ lo be rea8￿* uno*rthe circumstarw. The 7ruslees maE estim*s and assth?pI￿￿ c£￿em￿j Thè re$L*￿9 actthjniing es1¥na￿S 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￿ In￿1r￿8￿5 n Ihe Sh￿e$ of &uston Securities L*mited, a prival? l¥nited ts)mpany. The Tru$lees have Con￿dèred thÈ nei assets Drnkny. Ihew sh¥eho￿ing and an •)k¥opiiale diseounl laclorlovaluethe itweslment. In IIEevenlofa dwxksaloftkEse Investrnents it Ihatsale Proc￿15 could dfftei fiom vdualion. Detats ofthe Va￿a￿on 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 mtrasur￿l tdiat4y. Inv8slrnent i￿￿￿e i5accovThl￿ fol in Ihe PWKOJ the Ch*ty ts to recapt. Dividends are OllQ Ihe ¥JiTr￿￿￿￿ has be￿ deda￿d 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 Se11￿Ment*￿I ￿18QUIred aThJ the amount of the 0￿￿￿tIOn w be maasured reliably. All expenditure ts a¢￿Unted on an %csu218 basis. Charitsble ex￿nd￿￿re comprtses IIK)se (x)$1$ ￿G￿r[e￿ ty the Chwly n the of 115 aclNrfB5 and Se￿iCe5 for its berEfitsarts. It includes bolh eosts that Lan bè alkntated dir8ety to sud) ad1￿1*$ and Ihose cosi$ of an indirect nature necess8ry lo support them. Goyemance ¢o$i$ In¢1￿ rn515 attri￿11￿ lo Ihe ChaTiW5 c(ffl￿￿9￿Ce with con5tibJtional and slalulory re4U1￿meThIS. Irt1￿11Th9 audit. Strateg￿ rnaTragem￿l aNI TtusteÈ's methg5 atKI reunbu￿￿ expenses. Gianlg offer8d subject to cerfain Condth￿ Thfiich have ken mel al the ￿ar end dale arè Ind￿1￿1 as frjmard commikn*ils. Raising funds Taxation The Charty ts exemptfrom taxon is that1tab￿ *lnik*5 to the ÈxlÈrt Ihalllw arè arW*l f￿￿Or1￿￿e purptses. Fund stru¢tuM All funds are Un￿$tr￿￿ed aThJ aval*forthÈ att￿tr￿e￿.$￿.sfjrt￿n infithran(% Dfthe o14eclve5 oflhe chanty. P8ge111 Th8 Bluston Chavllabl¢S¢tUem*ntof 1S March 1968 Not¢s toth¢ Financi￿ stat￿￿￿ts-¢oDty￿UPd 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. wh*th 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 ￿l￿10n SecuritEs Lwnrted Ihwj party Wa￿1S ￿ value the CoMp￿Y'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?￿al￿n. All gains h)s5es on revaluabJn are inthded in the Statem￿1 of F￿ntial A¢tivii*s 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 inlorrnat￿n. in￿dIng the futu￿ ¢a5h flows in making their assesSM￿l_ This assessment tiweritmj a perKxl of a minimLYn of IwelvÈ months Irom approval of Ihe5e financial slatemenl$. 8ased on tl*se asse55Th1Ènts. ttE TnFSlee5 have thal ttw Gan continue to ad(yl the going concern basis in preparir¥J the ann￿1 iepm arKI aL￿unt. Cash and cash equivalents Cash aNI ￿$h equivalents¢Nnpiise Oft hartd and C4depQ￿ts. JndotherslK)rtterm hvJhtyl'quKI in¥esirnei that are ieadity conv&rt￿lè 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￿)SIdiar*S. 4$$0¢4afrs or joint venlure5. are iTritially measured at fair ¥a￿e. 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 Tha￿al 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¥•$tment Incom& 2024 2023 Dividends receivab Interesl reC￿aN8 Deposft account wilerest 887.161 4.310 9.345 646,427 802 PwJ8112 The DI￿10￿Chari12b1e Sttknentof 15 March 1968 Notes to the Fb*n¢ta Statemerts. ¢ontlnu•d for the yearended 5 April 2024 charitabte actlvltlBs costs GlartfU￿1ln9 ofathiil 1$¢¢ note5 4 & 81 2024 Sypportcosts so• note Sl 2024 Total 2024 Char"rtable aCt￿lI￿S Sup￿￿ cosls 367,497 367,497 2023 2023 2023 charitab￿ 2cbwt*s Support tosts 570.415 570.415 44 Grat)ts payablo Charity Number 2024 2023 B&1 Halo¢kn UK Biilish Frier￿S of Beth Medr05h Govtha- LakeHo￿l East 8rilish F￿ndS of Sha￿a The Br￿1$h Friends of Zithron Menachem Camden Psycholher8py Unrt Central Brrfish Fund for W￿d Jw*i5h Relef Chief RabbinaieTwsi Childhood Tmst Faims for Cty Children Lwnited Friends ofOr¢hos Torah Go￿er$ Green Beth HaThedrash C4ngregaic Give11 Forward Today Thé Btilish Frier￿S of Ihe Jaffa Institute Jewith Council for Racial Equalty Holow51 Educaborial Ttwt Ini8rfink FOu￿at￿n 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- ¢ontIn￿d forth* yoarended 5 April 2024 Support cl￿ts Governanc• GoYemanc8 costs costs 2024 2023 Support costs Ana￿$15 01 supyJrt C45ts 2024 2023 Bank chwges Auditors, fees- audtswvkx Administration fee Audrtors. fees- aud* SW￿18Cc¢4￿tsntyI Legal and professional 385 280 5.218 7,4DO 28,800 27.600 4.470 6,900 TrustW8' remuneration and benefts Anna Josse ￿ a diredorofPiism Admtr)istrabon L Thrted. whKth *ministration and Twsiee semceslo Ihe Charity. Duriro Ihe year. the Chaiity pa*J Ihtr afwNenThoned ccthpany £28.80012023- £27.6DOI Martin PaisMr is a partnerof Payne ge￿. yov*l8s Wl 5er¥ic88 to the Charty. During Ile year, the Chariiy paKI the a[orenE￿.med busir*ss £1.5CI)12023". £2.3461 TnJstO88' expeii The{8￿re no fNslees' expense5 pahj fortheyearethl 5Apra 2024 norfortheyear enthd 5April 20rJ. Flxed asset tnvestsnents Irw¢stments Invèstments Total MaTk8t value At 6April 2023 AddilH)n$ 1.157.405 28.5ry).( 29.65T.405 990,000 11.157.385) 1057 SCKJ Di$p05al Revaluat*)n 11,157.385 92 500 1.082,520 27.350.000 28.432.520 Cash hekl wlhin invesbYÈnt FKXtrtAh) At 5 Npiil 2024 There w¥e no investrnenl assets ortsxlelhev Page114 The Bluston CharftabkSÈiuement of 1S March l￿B Notes toth8Flnan¢AI Slatements- contonutrd forthe Y8arel￿d 5 2024 Ct>sI or ¥th¥l￿n al SAWI 2024 1$ iepiesented ty. Unlisted Investm¢hts invesbmenls T¢)tals va￿atiOn 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 e￿￿e￿ S April 2Q24. Ihe Tr￿ have vaw the Uftquuted iThve51menls hek1 al £27.35m 12023. £28.&nl. havirrfJ tak￿ into ¢M$￿tkin Ih8 net assets of B￿51￿ Securili8s Ltd and the rental of certafrn Inve$imeTrls Il holds based on aval￿b￿ infomiatthi at tl* dale of approvin9 IhesÈ financ&al stalemenl8. A (fist￿￿1 faclorof 10% has been appl￿d In IhÈ olthe Yalualk)n Ihe Trusl8es cor*ideirea50nable. Martin O Pai%rErCBE is a ¢Jirector of B￿St￿ SepJrilEs Lmitad. The valuation is irn accofdamt TryEtees' reporfHYJ 0￿￿JaI￿)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 $eek lo re￿. Crodltor8'. amounts lalllng due*ithln on8 year 2024 2023 Grants payable Accruals 127.915 375,415 lrnduded in oll*rtAlitor5 are￿f¢•?￿ C4)mmitments 202410 2025.. 2024 2023 Btilish Inslitule of Inlemalb)nal &Ctynparab¥e L Magg￿S Piisoners Abioad Variely Sha8rei Torah S0,LYJO 125,iYJO 50.000 150.415 62,500 40,415 25 Related party d*closures Securit￿$ Lin Martin Paisner a Tmstee Of1h￿ Charily is abo a Thie(#orol Bluston SeoJritses Limrted. Durirvj Iha yearThe Bluslon arIlab￿ Setllemerrt receN￿l dN*Jend irthme 01£881.491 from ￿UsIOn Securitie5 tsmiled12023'. £646.42n. Olhw Iharn Ihose tEferr￿ lo wthin [￿e6 8￿j above. I1*re￿￿re no t8￿ted party trdTr5actif￿5 for1l8yearend8d 5 April 2024. PwJ8115