Docusign En¥elope ID.. 148AD402-FBBE40EE-826A421113038873 Nancy, Viscountess Blakenham's Charitable Trust A Registered Charity Report and Financial Statements 5 April 2024
Docusign Efwelope ID 148AD402-FBBE40EE-826A421113038873 Nancy, Viscountess Blakenham's Charitable Trust - A Registered Charity CONTENTS Page TRusfEES' ANNUAL REPORT INDEPENDENT EXAMINER'5 REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET STATEMENT OF CASHFLOWS NOTES TO THE FINANCIAL STATEMENTS 8-14
Docusiqn Enve)ope10.. 148A0402_FBBE40EE.826A421113038873 Nancy, Viscountess Blakenham's Charitable Trust - A Registered Charity TRUSTEES, ANNUAL REPORT for the year ended 5 April 2024 The Trusiees present the financial statements and ènnual report for the ye3r ended 5 April 2024. The flnancial statements have been prepared in accord3n£e with thè atcounting pelicies set out in note I to the financial statements and cornply with the Charity's trust deed dated 10 July 1973, the Charities Act 2011 and Accounting and the Charitie5 Statement of Recommended Practite leffective l January 20191 and Financ131 Reporting Standèrd FR5 102. Reference and Administration Details of the chlty, it5Tru5tees and Ad¥is¢xs The Rt Hon BÈryl Nancy Viscountess Blakenham Date of Deed IOJuly 1973 Re8istered Charity Number 266198 Tfustees The Hon Mr5 Mary-Anne Ser¥ison-Brooke &mon Cowell Nicholas Brooke Re8lStered Address Chippin8 Warden Manor Banbury O¥on OX17 ILB Accountants TMF Global Sorvites IUKI Ltd 13th Floor, l Angel Court London EC2R 7HJ Investment Athiisors Cazenove Capitèl Mènagement l London Wall Place London EC2Y SAU Independent Exarniners Foxley Kin&ham 260-270 Great M6rling5 Butterfield Business Park Luton LU2 8DL Bankers Handelsbanken Banbury Branch, Unit Ib Banbury (Iffice Village, Noral Wav 8anbury. Oxon OX16 25B Trust Objectives income To Charitable purposes or acrvmulated for 21 year5 to 2 November 1986. To be retained by the Trustee5 or, at their discretion, applied as for incorne.
Do¢ign Envelope ID." 148AtM02-FBBE40EE-826A421113038873 Nancy, Viscountess Blakenham's Charitable Trust - A Registered Charity TRUSTEES, ANNUAL REPORT for the year ended 5 April 2024 structure, Go¥ernance and Manazement The Charity'5 ongoin8 attivities and policies are set at distretion of the Trustees in accordance with the objertives of the Trust Deed. Thè Trust's principal activitv IS Its grant rnaking programme, which Is financed by Income derived from the Charity's inve51meni portfolio. As far as possible. on a ye8r to year ba515, the Trusteès seek to spend thi5 incorne ori viable, well researched charitable project5 in accordance with the objects of thè Trust Deed and Lady Blakenham'5 wishes. Under the terms of the Trust Deed. the Trustees have wide powers of investment at their di5crÈtion and are speciticalty allowed by the deed not to diversify The Trustee5 maintain a substantial balance in C35h to enable them to fulfil any emergency grant requirements. The power tc appoint new or additional Tru5tee5 vested it) the 5etilor during her lifetirne and thereafter in the existing Trustees. The Trustees have adopted a policy in the event of the appointment of H new Trustee which includes a brief induction and training proces5. Thi5 includes a meeting w4th the existing Trustee5 to advise on investment policy, the 8rant making process and the power5 and responsibilities of the Trustee5. In addition, ary new Trustee will be provided with a copy of the latest finantial statements and annuil return and any recent investrnent rEPOrts. Finanrial Review Total intominE resources of the Trust in the year 10 5 April 2024 were £27,62912023 £14,476). Charitable dOatIonS made in the year to 5 Apri1 2024 totalled £43.00012023 £50.0001. Activitie5 lorthe PLtbllc Benefit The Trustees confirm that they have referred to the guidance contaed in the Chority CornThi5sion's general guidance on public benefit when reviewing the Charity'5 aim5 and objectives and planning future èctivitie5 and setting the 8rant mèkin6 policy for the year. The Trustees are satisfied thar all gfants made during the year are for the benefit of the public and thèt the benefit of each and every grant see note 4 in the tinancial statements. The Trustees consider all organisations that they have supported duringthe year to be of equal importance. Plan5fer Fuiufe Periods The Trustees look forward to continuing to make further charit3ble donations In the future. Reseryes Policy It is the Trustee5' intention that any Surplus income should carried fopward for distribution a5 Part of the grant rnaking programme in the following year. The deficit of £19.509 has been deducted from the unrestricted funds in the incorne account. The policy on reserves Is revlewed annually. Risk Polity The majof risks to which the Charity 15 exposed, as identified by the Trustees, have been reviewed ond the Trustees are satisfied that the system5 are in place to mitigate those risk5.
Doabsign Envelope ID.. 148AD402_FBBE40EE.820A421113038873 Nancy, Viscountess Blakenham's Charitable Trust - A Registered Charity TRUSTEES, ANNUAL REPORT for the year ended S April 2024 Statemeni of Trustee5' re5ponsibilitiesfor the financlal statements Law applicable to charitie5 in England & Wales reouires the Trustees to prepare financial 5tstements for each financial year which give a true and fair view of the Charity's financial activities durin8 the year and of its financial position at the end of rhe year. In preparing financial statementsgivin£a true and fairview, the Trustee5 should follow best practice and.. select suitable accounting policies and then apply them cor1515tentlv.' observe the methods and principles in the Ch3ritie5 SORP.. make judgement5 arid estimates that are reasonable and prudent,. state whether applicable accounting standards have been followed, Subject to any departure5 disclosed and èxplained in the financièl statements.. and prepare the financial statements on the going concern basis unless it 15 inappropTiate to presurne that the Charity will continue in operation. The Trustees are responsible for keeping arcounting records which disclose with reasonable a£curacy the financial position of the Chariiy. They are èlso responsible fer safeguardin8 the assets of the Charity and hence for takin¥ reasonable steps for the prevention and detection of fraud and other irregularities and ensuring compliance with the trust deed. Approved by the Trustees on". 29 January 2025 | 9.33.14 AM GMT Date and signed on their behalf by.. Docu91gMdby' Trustee
Doolgn Envelope ID.. 148AD402-FBBE40EE-826A421113038873 INDEPENDE EXAMINER'S REPORT totheTrustees of N&n¢y. Vlscoynte55 Blakenham's CharitableTrust I report to the charity Trustees on my examination of the financial statements of the Nanty. Viscountess Blakenham's Charitable Trust for the year ended 5 Aprfl 2024. Responslbllitles aml basls of report As the charity trustee5 of the Trust you are responsible for the preparatian of the financial 51atements In accordante with the requirements of the Charitie5 Act 20111'th? A¢t'l- I report in respect of my examination of the Trust's financial statements carried out under section 145 of the Act and in carrying out my examination I hève followed 311 applicable Directions given by the Charity CommissOrt under section 14515llbl of the Act. IndependeTrt examlher's atement I have completed my examiriation. I confirm that no material mètters have come to my attention in tonnection with the exarnination giving me cause to believe that In any material respect. accountin8 records were not kept in re5PPtt of the Trust 15 required by settion 130 of the Act,. or the financial statements do not accord with those records-, or the financial statement5 do not comply with the applicable requirements concerning the forrn and tontent of financial Statements set oui in the Charities (Atcounts and Report51 Regulations 2008 other ihan any requirerTTrent that the financial statements give a true and fair view which 15 noi a matterconsidered as part of an independent examination. I confirrn that there are no other unatters to which ¥our attention should be drawn to enable a proper understanding of ntstob Mr Step Mason BSC FCA For and n behalf of FKCA Limited 260-270 Great Marlin8s Butterfield 6usine55 Park Luton LU2 80L Oate..
Docusign Envelope ID.. 148AD402.FBBE40EE_826A421113038873 Nancy, Viscountess Blakenham's Charitable Trust - A Registered Charity STATEMENT OF FINANCIAL AcfiviTIES for the year ended S April 2024 Unrestrfjcted Funds Expendable Endowment Total Tal Income 2024 2023 Noie INCOME AND ENDOWMENTS Inve5trnents 27,629 27,629 14,476 TOTAL INCOME 27.629 27.629 14,476 EXPENOITURE C05t of raising funds 912 912 1,376 52.220 47,138 47,138 TOTAL EXPENDITURE 912 47,138 48,05D 53,596 NET IEXPENDITUREIIINCOME BEFORE GAINS AND LOSSES ON INVESTMENTS 119,5091 120,4211 139,1201 Net 8ains/l1055e51 on inve5tTnent assets 132,557 132.557 178,7141 NET INCOMVIEXPENDITUREI AFfER GAINS ANO LOSSE5 ON INVESTMENYS WHICH REPRESENTS NET MOVEMENT IN FUNDS 131,645 119,5091 112.136 1117.8341 FUND BALANCES BROUGHT FORWAIIL) 1,515,115 34,441 1,549,556 1,667,3 FUND BAiANCES CARRIEO FORWARD 1,646.760 14,932 1.661,692 1.549.556
Docusign Env8lope10.. 148A0402-FBBE40EE426A427113038873 Nancy, Viscountess Blakenham's Charitable Trust A Registered Charity BALANCE SHEET as at 5 April 2024 2024 20Z3 FIXED ASSÈTS Investments 1.648.681 1,524,256 1,648,681 1,524,256 CURRE ASSET5 Cash at bank 20.537 28.332 20.537 7,526 28,332 3,032 LIABILITIES.. aMnla111& due within one year NETCURRENT ASSErs 13,011 25,300 TOTAL ASSETS LESS CURREKf LIABILITIES 1,661,692 1,549.556 Repre5entin8". UNRESTRICTED FUNDS Expendable endowment Income io io 1,646,760 14,932 1.515,115 34,441 1,661,692 1,549.556 Approved by the Trustee5 On.. 29 January 2025 | 9.33.14 AM GMT Date and siÉned on their behaK by-. 18956215iM4Q4BB Trustee
Docusign Envelope ID." 148AD402-FBBE40EE426A421113038873 Nancy, Viscountess Blakenham's Charitable Trust - A Registered Charity STATEMENT OF CASHFLOWS for the year ended S April 2024 2024 2023 Note Cash flows from operaiing activities.. Net cash used in operating artbvities 14 143,5561 152.5361 Cash Ilowslrom inveIng artl¥ltles: Investrnent income 27,629 14.476 46.028 Proceeds frorn sale of investments Net Cash provided by inve5tiTh8 attwities 27,629 60,504 Changt bn cash and cash equivalents in the year Cash and cash equivalents atthe beginnin8of the year 115,9271 57,923 7.968 49.9SS Cash and c•sh eqyi¥alentS * the Ènd of the year 41,996 57,923 Represented by.. Cash held within the investment portfolio Cash at bank 21,4S9 20,537 29,591 28,332 41,996 57,923
DOC1gn Envelopp ID 148AD402.FBBE40EE.826A421113038873 Nancy, Viscountess Blakenham's Charitable Trust - A Registered Charity NOTES TOTHE FINANCIAL STATEMENT5 at S April 2024 ACCOVNnNG POLICIES The principal accounting policies adopted are as follows-. al B?515 Ot preparatrb and assessment of gotnz concern The financial 5tatement5 have been prepared ln actordance with Accounting and Reporting by Charities.. Statetnent of Recommended Practice 13pplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211 leffective l January 20191 and the Charitie5 Act 2011. The financial staternent5 have been prepared under the historical cost convention with item5 reco8ni5ed at C05t of tran$3ciion Vèlue unle55 Otherwise 5tate(l in the relevant notelsl to these financial statements. TheTrustees consider that there are no material uncertaintie5 aboutthe Charity's ability to continue 3$ a going concern. bl Fund struaure The expendable endowment represents the fund5 ori8inally gifted to the Charily and 15 to be retained by the Trustees or. at their discretion, applied as for income. The unrestricted funds repre5ent5 the funds available for distribution by the Trustees In accordance with the trust deed. tl Income recoEnr(ioTr All Income is recogni5ed once the Charity has entitlement ttr the income, there 15 sufficient certalnty of receipt and 50 It 15 probable that the income will be received, and the amount of income receivable can be measured reliablv. Interest on lunds held is included upon notification of the interest Paid or payable. Dwidends are recognised once the dwidend has been declared and notification has been received of the dividend due. dl Expendbtyre rewnitlon Liabllities are recogni5ed a5 Expenditure •$ soon as there is a legal or constructive obligation committing the Charit¥ to that expenditure. It is probable that settlement will be required and the amount of the obligation can be measured All expendr(ure Is accourited for on an accruals ba515. All expenses, including support iosts and 8overnance costs, are allocated or apportioned to ihe applicable exppndittjre headln8s in the Statetnent of Flnancial Actwities. Ftsr more inforrnation on this allocatioD referto note el below. Grants payBble are payments made to thtrd part1es In furtherance of the charitable objectwes of the Charity. Provision is made for grants approved by the Tru5teÈs in the year. During the year, all granr5 approved by the Trusiees were paid. el Allocatlon of govevnènte and other support toms Governantr and 5UPPOrt Costs have been allotèted between charitable activities and governance based on the activity to which they relate. The allocation is analysed In note 5. Governance costs comprise all costs involvin¥ the public accountabilty of the Charity ar its CoMpln£e with regulation and good practice. fl Cost of ralslngfund5 The c05t of generating funds comprise5 the Investment rnanagement charges.
DocuswJn Ertvelope ID." 148A0402.FBBE40EE.826A421113038873 Nancy, Viscountess Blakenham's Charitable Trust - A Registered Charity NOTES TO THE FINANCIAL STATEMENTS t S April 2024 ACCOUNTING POLICIES- continued 81 Charitable acti¥lties The expenditure on charitable activities comprises grènis made in the year Bnd governante costs. No sUPPOrt costs are incurred by the Trustees In the grant making proce55, 45 the Trustees undertake this service at no charge. hl Meda$Set Investmet)ts 5nvestmenis are initially reco8ni5ed at their transaction value and stsbsequently measured at their market value a5 at the Balance Sheet date usingthe closing quoted market price. The Statement of Financial Attivities includesthe gains nd losses arising on revaluètion ènd disposals throughout the year. il Reali5ed ¥ain5 and105ses All gains and 1055e5 are taken to the Statement of Financial Activities as they arist. Realised Eains and losse5 on investments are calcylated as the difference between sales proceeds and their openin8 carrying value or their purchase value If acquired subsequent ID the first day of the financial year. Unrealised gains and losses are calculated as the differente between the fair value at the year end and their carrying value. Reali5ed and unrealised investment gains and losses are combined In the Statement of Financial Acrivities. Il Currency The financial statement5 are prepared in Sterling, which is the functional CUrncY of the Charity. Monetsry omounts in these financial statements are rounded to the nearest £. INCOME AND tNDOWME 2024 2023 Investment Income Geographically.. Within the UK 26,997 15.268 26,997 632 15,268 Interest on cash deposits HM Revenues and Ctsstoms debtor write off 173 19651 27.629 14,476 All in¥e5trnent income relates to quoted Investments. COST OF RAISING FUNDS 2024 2023 Investment rnana8ement charEe5 912 1,376
Dorusign Envelope ID." 148A0402.FBBE40EE.826A421113038873 Nancy, Viscountess Blakenham's Charitable Trust - A Registered Charity NOTES TO THE FINANCIAL STATEMENTS at 5 April 2024 ANALYSIS OF CHARITABLE AcfiviTIES The Charity undertakes its charitable actwities throughgrant making and awarded grants toa nurnberof institutions in furthÈrènce of it5 ch3ritable objective5. 2024 2023 Grant funded acttvity Support and governance costs 43,000 4,138 50,000 2,220 47,138 52.220 The follewnggrants were made by the Trustees duringthe year.. 2024 2023 OVERSEA5 112023- 11 donJtion totalltng PHYSICAL DISABILITIES 512023- 41 donations totalling MeDICALWELFARE AND RE5EAPCH 312023-31 donotions totallin8 OTHER 612023- 61 donation5 totalling 3,000 3,0 14.OCrt) li.(MJO 11.000 21.0 15.000 15.000 43,000 50,000 All grants were rnade to institutions. IKNATIONS TO REGISTERED CHARITIES 2024 2023 OVERSEAS ZANE- Zimbabwe a National Emergency 3,000 Total fof OversÈas 3,(MlO PHYSICAL DISABILITIE5 4 Sight Blind Veterans UK Fight for Sight Turtle Key Wavery Stardust 3,000 3,000 3.000 3,OOD 3,000 3,000 2,000 Total for Physical Disabilities 14.000 11,000 10
Oo¢usi9n Envdope ID." 148AfM02-FBBE40EE-826A421113038873 Nancy, Viscountess Blakenham's Charitable Trust - A Registered Charity NOTES TO THE FINANCIAL STATEMENTS at 5 April 2024 ANALYSIS OF CHARITABLE AcfiviTIES. ¢onlinued 2024 2023 MEDICAL WELFARE AND RESEARCH Marie Curie Cancer Care 3,000 15,000 3.000 Maggies Cancer Caring Cèntre The National Brain Appeal S.O(Ki 3,000 Totol for Medical Welfare and Research 11,000 21,fMM) OTNER gerby Toc H Childreri's Camp Open AÉe Spentercontact The Bruce Trust 2.000 3,000 2.000 2,000 2.000 2,000 3,OOD 3,000 The Suffolk Foundation 3,000 3,000 The National LiteracyTrust Total forother 15,rKJo 15,000 5. AILOCATION OF GOVERNANCE AND OTHER 5UPPORTCOSTS 2024 2023 Charitable Charitable Artivitie5 VNRESTRICTED INCOME FUND G¢wernante Artivitbes Governo¢ Bank charge Independent Examiners Accountancy and taXatn seNices io 1.830 2,298 2.220 4.138 2,220 6. TRUSTEES EXPENSESAND REMUNERATION None of the Trustees received any remuneration or reimbur5ernent of expenses in respect of the finjncial yeèr ended 5 April 202412023 ENill. The Trust ha5 no ernployees. The Trust had no secretèria1 fees for the year12023 11
Docusign Envelope ID". 148AD402-F8BE40EE-826A421113038873 Nancy, Viscountess Blakenham's Charitable Trust - A Registered Charity NOTES TO THE FINANCIAL STATEMENTS at S April 2024 FIXED A55ET INVESTMENTS Total 2024 Total 2023 Market value at 5 April 2023 Disposal proceed5 Net gainslllossesl on revaluation and disposal 1,494,665 1,619.407 146,0281 178,7141 132,557 Market value at 5 April 2024 Cash held within the investment portfolio 1,627,222 21.459 1,494,665 29,591 1,648,681 1.524,256 Hi5toric31 c05t as at 5 April 2024 1,351.378 1,351,378 Geographical 5plit'. Investment assets in the UK 1,627,222 1,494,665 All investments are quoted. Investments include the followin8Wlth a value greater than 5% of the portFolio at 5 April 2024.. Name Hokffing Marketvalue Gryphon East River Fund 6,559 1.627,222 CASH AT BANK 2024 ZOZ3 Stockbrokers income account 30 65 Bank actount 20,507 28.267 20,537 28,332 12
Docusi9n Envelope ID 148AD402-F8BE40EE-826A421113038873 Nancy, Viscountess Blakenham's Charitable Trust - A Registered Charity NOTES TO THE FINANCIAL STATEMENTS at S April 2024 9. LIABILITIES- amounts falling due wiihln one year 2024 2023 Investment managers Indèpendent Examiners AccDuntingand taxation services 1,179 1,830 4,517 812 2.220 7,526 3,032 10. uNREsTRlED FUNDS Expendable Endowment Ints)me Fund Total Unrestritted funds compr15e the following.. Investments Cash 1,648,681 11,9211 1,648,681 20.537 17.5261 22,458 17,5261 Creditors 1,646,760 14,932 1,661,692 11. RELATEO PARTIES There were no trarisattions with related parties. 12. GRANT COMMITMENTS There are no future non-binding commitmet)ts. 13. VOLUNTEERS Other than the Trustees, the Charity receives no contributiori frorn volunteers. 14. RECONCILIATION OF NET MOVEMEvfs IN FUNDSTO CASH FLOW FROM OPERATING A1VITIEs 2Q24 Net movement in funds las per the Statetnent of Financial Activitie51 IGainsl/losses on investments shown In investing activities Deduct investTnent Income shown In Investing activities Increasejldecreasel in creditors Ilncreaselldecrease in debtors 112.136 1132,5571 127,6291 4,494 1117,8341 78,714 114,4761 95 965 Balance c3rried forward 143,5561 152,5361 13
Docusign Envelope ID.. 148A0402-FBBE40EE-826A421113038873 Nancy, Viscountess Blakenham's Charitable Trust - A Registered Charity NOTES TOTHE FINANCIAL STATEMENTS at 5 April 2024 IS. SUMMARY OF FUND MOVEMENrs Fund balan brovtht lorward Fund balances rried forward Galns and losses Fund Name lthtome Expenditure Transftrs Expendable endowment 1,515.115 34.441 132,557 1,646,760 14,932 Incorne 27,629 147.1381 Total Funds 1.549,556 27,629 148,0501 132,557 1,661.692 14