Report ofthe Tn￿
Un*udited Statements
for th¢ Ye•r EDd¢d 29tb JaDU*ry 2024
for
The Michael Bl*nning Tru
Pinfield8 Limited
Chartered Accounlants
Meryll Howe
57 Woreester Road
BrollL8grove
B617DN

The Miclhael Bl*nnlng Tntst
Cont¢tt¢$ of the Financial Slalements
for the year ended 29tb J#nuary 2024
Page
Report of the Tn￿te¢S
I to 3
Independent Examlfter's Report
Statsment of Flnandal A¢dvliks
Balance Sheet
Notes to the FinAnctsI Stxtements
7 to 11

Tbe Ml¢lwl BlwbnSng Tntyt
Report of the Trnstees
for the ye*r ended 29th January 2024
The tnLstees present their report with the fiDallci￿ statements of the C1￿7ty for the year ended
29th January 2024. The ttuste&s have adopted the provisions of Ac¢ounts"ng Jnd R¢wrting by Chariti¢$:
' StateTn¢ryt of R¢comuKuded Ptactice applicable to ¢hotities pTEpar1￿ their accowiL4 in ￿cOrdanCe with the
Financi￿ Rcporting Stsudard appli¢abl¢ in the UK alkl R¢publi¢ of Ireland (FRS 102) {effective l Jatiuary
2019).
ORJF.CTIVES AND ACnVITIES
C)bjects vf the ch¥rity
The objects of the chatity are to use the funds and the income of the Th￿t for tbe excI￿1Ve chon'thble provision
of housing (whether with or without &wciated 8rneDities) for the aged and the relief a￿1 &ssistance of the aged.
Publlc benellt
The tmsle¢s have paid Yegard lo th¢ guidan¢¢ on public b¢nefit ISA￿1 by the Ch8Tity Commission.
ACHIEVEMEKf AND PERFORMANCE
Revlew of aetfvltles
The Tru4¢ continue$ to support th¢ Housing Asswiation with 108nS to develop The Shir¢s in Mos¢ley. Thi%
developmcnt was complet¢d during thc y¢or al￿ m8rkcaing of the apartrnents is ongoing. To further
a&%1￿ the Housin8 A&8ociation. the Tn￿e¢S havc SuS￿ded requests for interast pAyments. Whilst these
pawlents ar¢ being accrued for, th¢ TnLStees kttp this decision regularreview.
Achlevement and perforn￿ne¢
The perfoMw￿e of th¢ chanty hs set out in th¢ atta¢h¢d finan¢iAI $tst¢m¢nts. The objects of th¢ charily have
been achieved in accumulaiin8 a further sU￿lUS to reserves which will ultllna*ly be invested in housing for the
elderly as part of ihe ongoin¥ str#tw of the cbarity.
FINANCIAL REVIEW
Reserv¢8 polley
The policy of the charity is to maintain sufficient reserves at a level to fimd the ODgoiDg n]anagemcnt expenses.
Any surp1￿% rescrvi% will be a¢cumulai¢d io invest in improving the existtng housing for th¢ cld¢rly• QT in n¢w
developments, through the Michacl Blanning Tr￿1 Hollsins A&sfKiAtion Ltd
STRUCTURE. GOVERNANCE AND MANACEMENr
G'overninR body
The charity is controlleAI by its gov¢ming (kKwnen( a deed of trust a￿1 con￿1￿1¢$ an unincorp)rated ch￿￿ty.
The Ttust is 8 rEgI￿ered Charity. number 266691. Th¢ ¢h8rity 1$ ¢ontrnll¢d by its governing do¢umen( a deed of
trust, and constitutes an unincotp)rateAJ charity.
The deed w&$ dated 13 November 1973 an initial fund of £5,(KKI. A propety distx)&71, stock Etwket
iny¢stmcnts and a legacy frrth Mrs. Florence Blanning have increased th¢ valu¢ of the TnL%t as shown in the
annexed accounts.
Recrnitment and appoitttment of new tr￿Stee8
Trnstees are recruited from all sectOTS of the busi#e5s Commwiity. bawj on a skill-based nctds asse&8menl
rclevant to the charity. App)intment as a Tnltr follows infornia] meetings with the CUTrent TnL$tee5. All
Trustees are a]50 kKwrd members of the Michael BlaDDing Tn￿1 Ho￿ill8 Ass￿latIon Ltd.

The hfjclhael Tr￿
Report ofthe Tn
for the year ended 2*h January 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Rbk m*n*gement
' The TNstces have erdn)itied th¢ major stTatwc, business Al￿ operational Tisks that the chan'ty fac&s. The
Financc and Risk M8na8¢m¢nt SU￿￿￿11¢c¢ of the Michael Blantiin8 TTh￿t Housing AsscKiation Ltd ￿gularlY
￿￿1¢W aTKI r¢[￿ upon wch risks and wast and inwIeme￿ improvements.
REFERENCE AND ADMtNISTRATIVE DETAllS
Registered Chg4rity number
266691
Prfinelpal #ddres8
Shakespeare Martineau LLP
No I Co]more Squwr
Birniingham
B4 6AA
Tru%tees
J B I lughes Cbllinnan
J D Loudon
K R James deceased (rasigned 15.5.23)
A G Garnett
A H Knowles
R J Kcnncdy
M A BIM)th (resigned 3.10.23)
A C M Oulsnam
H Andrews
J S Wheatley {appointoJ 25.7.23)
Independent Ex#mlDer
Pinfields Limited
Chartered A¢count8nts
Meryll House
57 Worcester Road
Bromsgrove
Worc0￿Cr￿hirC
B617DN
Sollcltors
Shakespeare Martineau LLP
No I Colmore Square
BirtninghaTn
B4 6AA
STATEMF.NT OF TRUSTEES, RESPONSIBILrrILs
The ttustees are responsible for prq)aritig thc Rwrt of th¢ Trusltts and the financial statements in &rKordan¢e
with applicable law and United Kingdom Aixxbunting Standarth (United Kingdom Gcneralty Acceptod
Accounttng Prncts"¢¢}.

Tbe Ml¢hael BI￿nIng Trust
Rewrt ofthe Trnstees
for the year end￿ 29th Jalluary 2024
STATEMENT OF TRUSTELS, RESPONSIBILITILS- contthued
' The law applicabl¢ to ¢harities in E* aml Wales the ch￿itieS Act 2011. Ch&Tity (A￿ullts and Reports)
R¢gulations 2(K)8 and thc provisioDS of the tn￿t detd requires th¢ tnLStees ￿ prepare financial ststements for
h financial y¢ar which give a and fair view of the stale of affair5 of the charity and of the tncoming
resources and application of resources, including the in¢(￿e and expendiwT< of the chartry for that period. In
preparing th(ks¢ fin&n¢i81 statemenis. the tru￿e¢S arc rcqwred to
5el¢xt suitable arLountin8 p)Iici&4 gnd then apply than
observe the methods and pnn¢iples in the CbaTJ"ty SORP.
It￿e judg¢ments 8TKI eth'maics that arc rwonable atMI ￿ud￿lt.
prepare the financial statements on the going conc¢m b&sis unless it is in8pprW to presume tha¢ the
charity will continue in businw.
The tswstees are respoD8ible for kcepiDg pro￿ accounting re￿ which disclosc with re4s0nable a¢cur8¢y at
any tsme the financial p)sition of the ¢harity and to ¢nabl¢ thcm to CDSUTC that thc financial srat¢ments ¢omply
with the Ch#rities Aci 2011, the Charity {Aecounts and Reports) Re8ulats'ons 2(K)8 and the provisions of the trkL81
deed. They are also resp)nsible for 5afeguardin8 the a&sets of th¢ ¢i)an'ty and hence for ¢aking reasonable 51eps
for the prevelltion and detectioD of fraud and other irregularities.
23....QK4..loLF... and si8￿j on its b¢halfby:
Approved by order of the Ethrd of tntstees on .. ......
JBHU
Page 3

Independent EDmlner'$ Rewtyrt to the Trustees of
Independent examiner'8 report to tbe trn8teos of Tht Ml¢h*el Bl*nDing Tn
I report to the ckn.ty trustees OT) my exwninatton of the rnts of The Michael BIAnning Tru￿ (the Trnstl for
th¢ year cndcd 29th January 2024.
Responslbilitles basb 0[re￿rt
' As thL charity truste￿ of the Trust you ￿ resp)nsibk for the PrePa￿lon of the accoullts An aco)rdatt¢e wilh the
quir¢m¢nLS of the Chariti&S Ad 2011 Cthe Ad).
I report respect of my eXamI￿Oll of the TDJst'S 8CCOUDts carri￿ under Section 145 of the Act and in
ing out my examination I h•ve followed all appli￿ble Di￿lon8 given by the Cljarity ConJmi$sion under
Section 145(5)(b) of the Act.
Ind¢pendent ex8mlner'$ $t4tement
I have completej tny examination. I confirni that no mataial rnatte￿ have come to my atteniion in conni%lion
with the examination giving me cause to believe that in any mawial r¢spe¢t:
a¢coulltitig r¢¢ords were noi k¢pt in rwl of the Tntsl as wuireAJ by Section 130 of the ACL. or
thL accounts do not accord with th(K re(xTrrds' or
the accounts do not comply with the applicable requir¢m¢nts ¢ffi¢¢rning the fomi al￿ orntent of accounts
sel out in the Charitses (AecounLS and Reports) Regulatsons 2(K)8 other than any ryuirement that the
ccounts give a trne and fair view which is not a matter considered ls part of an indep¢nd¢nt
cxamination.
I have no concerns and hav¢ Come a¢mss ￿ other matters in conne¢tion with the eXaMi￿Ort to which attention
should be dTrwn in this rep)rt in ￿der to enable a prnper ￿￿1¢Th￿Ing of the accounts to be reached.
Paul J Tivey FCA FCCA
Pinfi¢ld8 Limited
Meryll House
57 WorLYster Road
BrOms￿v¢
W0￿¢st¢r5hl
B617DN
DAts'.
Pag¢4

The Trfrbael Blannlng Tn
Balance Sheet
29th January 21ll4
2024
UDrestrlcted
fund
2023
Total
Notcs
CURRENT ASSETS
D¢btors
Lash at bank
5.419,095
59.021
5,283.199
140,804
5.478,116
5.424,003
CREDITORS
Amounts falling due within one year
($965
{5.881)
NET CURRENT A&SETS
5,472,151
5,4111,122
TO'fAL ASSETS LESS CURRENT
LIABILITIES
$472,151
5.418.222
NET ASSETS
$472,151
5.418.122
FUNDS
un￿StriCted fiJnd8:
General fiind
$471151
5.418,122
TOTAL FUNDS
5,472.151
5,418,122
The financial 8talcments weff 4yroved by the Board of Tnts*es and authorised for issue on
. and were signed on its b¢half by..
J D Loudon- TtUStee
JBHugh
The notc6 forni part of thc5¢ financial statem

The B]anthg Tn
Notes to the w1na￿lI1 ststtm￿ts
for tht year ewied 29th January 2024
ACCOUNTING POLICIES
BASIS of preparlDg the finanel*l statements
The financial ststements of thc charity. whicb i8 a public bthefit ¢ntity under FRS 102, have been
pwared in accordance with the Charities SORP (FRS 102) Accounting and Rewrting by Charities:
Statement of Recommended Practice appIl￿ble ￿ elwitics preparing their accounts in accordanee with
the Financial Reporting Standard applicAbk in the UK and Republic of Ereland (FRS 102) {effe¢ts"ve I
January 2019),. FinAncial Reporting Stsndard 102 Tr Financial R¢p)rting Srondard applicable in thc
UK and Republic of Ireland, and the CFon'ti¢s 2011. The financial statements have been prepared
under the historical cost convention.
FiDanciAI Re￿rtIng Standard J02- redu¢ed dSs¢losMre exemptions
I'he clwity has taken kdvantagc of th¢ followtng discliMir¢ exemption in preparin8 these firwicial
st4tem¢nt& as pemutted by FRS102
-th¢ requircments of Scction 7 of CashflowT.
The fllw]cial statements have been prepared to pv¢ 8 In￿ and fair view and have departd from the
ChJriii¢s IA¢wunts wjd R¢ports) Regulations 2(M)8 only to the eX￿t requ￿ to providc a ttu¢ and f￿r
vicw. This dcwdrtUTC has involved following the ￿aritieS SORP (FRS 102) published in Octobcr 2019
ther than the Accounting and Reporting by Charities. ' St8tewKnt of Recommendcd Practice Effective
from l April 2￿5 wlllch b&$ Sillce been wtththxw
The prtsentation 0￿rencY of these financial Sfatemc￿tr 18 St¢rlin8 (£) and they are rounded to the nearest
£1.
Crld¢AI Aecountlne Jud2¢meDts key ￿￿ree8 of estlmxtlon unccrt*lnty
There are no ¢riti¢al a¢¢ourning judg¢m¢nts or key SOUTC¢5 of o8timation uncertainty.
In¢ome
All income is recogDi8¢d in tbe Sts*mEnt of FinarKial Activities once the charity h&s entitl¢m¢llt to the
funds. it is probable that the Income will be rtceivoj and the amount can b¢ m¢8sur¢d reliably.
￿￿endItUre
LiabilitsLs are re£ogDised &8 expenditute &8 S￿n &8 thcrc is a legal or c0Th51n￿￿¥t oblig81ion rLJmmittiDg
thc charity io ihat ¢xp¢ndimr¢, It ig PFobabl¢ that 4 transfer of ecorM)mic b￿efits will be ￿qUired in
settlement and the amount of the ob￿.￿l10n can be Me&sU￿d reliably. EX[￿ditUrE is a¢count¢d for on an
acenwls bas'is and hgs been Cl&￿51fied under headings that a¥w￿e all cost rel￿ed to the cate¥ory.
Wh¢ff ￿$ts cannot b¢ dir¢¢tly Attribu*d w I￿nIcUlar headings they have been ailoL*ted to activities on a
basis consistent with the use of resour¢es.
Taxgtion
The ctwity i8 exempt from lax i)n its charitable activities.
Fund accounting
Unre&tsiLted fLllJd5" cart be used in accordw with th¢ thitable objcctiv¢s at the discretion of the
tnL8tces.
Page 7
nttnu¢d..

The MICh￿ Bl*nllkng Trust
Notes to the Fin*ncial Statements- Continued
for the year ended 29th January 2024
Accour(riNG POLICIES. t¢Jn¢iDued
Fund aeeollntlng
Rc%tricted funds can only be ￿ed for particular I￿triCIal PUTW8e8 within the obJ'eAs of the clwity.
Restrictions arise when specified by the donoror Wh￿ fuTx15 are raised for particular restricted purpos¢s.
Further ￿planatt.0ll of the Dature a￿j of firwj is included in the not&4 ￿ ihe fir￿CIal
Slatements.
Financial instruments
The Associauon has elect&J to apply the t￿0￿1$10￿$ of Section 11 Financial Instruments, and
SeL*ion 12'(thr Finan¢ial IILStnimmts Issw, of FRS IIY2, in fvu. to all of its financiAI 1n8tnlly￿.
Financial assets and financial liabilities are reLognised when the Aswiation be¢om¢s 4 party to the
contractual provisions of the instruments arwj are offset only wh¢n the Aswcialion currently has a legally
¢nfoK'¢abl¢ right to set off th¢ r¢¥owwol amounts and inten(L% either to scttle on a net b88is. or to r¢alisc
the &88ei and 8¢ttlc thc liabiliry qimultaneo￿8]y.
Tiad¢ d¢btors are re¢¢ivabl¢ within one year afyj Iberefo￿ th) not ¢onstitute a financing transaction. They
arc Tneasured at trdnsaction pric¢ although a provision for impairnient of trade debtors will be ¢stablished
if ihcrc 18 obJ￿tive cyidence that the 8mounts will not be colle¢t¢d a¢¢ordin8 to the ori&nal ternis of
the contract.
Trade creditors are payable within one year and therefore do not ti)nstityt¢ a financing transaction.
TRUSTEES, REMUNERATION AND BEI¥EFITS
There wer¢ no Th￿te¢s, r¢muDeratioD N)r any oth¢r Ixnefits paid or due for the ye4r (2023.. £Nil). The
TnL8tees are considered the key managemeni of the Tft￿l
STAFF COSTS
Th¢tr ar¢ no employtts and therefo￿ no individu81 earAs mor¢ tlwn £60,(XKI.
Th¢ avcragc monthly numi*r of ¢mploye¢s dutiDg Y￿ was as follows:
2024
2tr23
No employees Teceived emolumeDts ID exce&8 of £60.IXKJ.
Page 8
continued...

The Mkhad Bl*Dning Trust
Notes to the Slatements- contlnued
for the y￿r ended 29th 2024
MANAGKMENT AND ADMINISTRATION
2024
2023
Legal and profe&8ion81 fees
I￿endent exami￿$ ftts
Batd( charge
5,100
1,764
5,400
1.680
867
7.082
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
LA)on to Michael Blanning Trust Howng Association Lid
Loan interest reccivablc
5262,016
157,079
5.187,016
9C),183
&419,095
5.283.199
Houslng Trust IAMDS
The loan iniejE8t receivable from Michael Blanning Tn￿t H¢JJsing Association Ltd for the year of
£60,896 12023.. £60.896) has been ¢alculatrd ai 2.50/0 on £2.435,820 (2023.. £2,435,820) being the loan
balance on completed developments. The agreed policy for the Tn￿¢ is to d¢f¢r or not Charge any interesl
on loans for the acquisition of land or for development& untsl a housin8 scheme is complete tind
c¢cypied.
The balanrz of interest outstsnding from Mich￿1 Blamiing Tn¥t Housm8 Aswciation Ltd. at 29 January
2024 is £157,079 (2023.. £96,183) whi¢h 18 included in thbtots in note 4 aE*)ve.
The loans are secur￿1 by way of lega] ch￿geS on variow proiknie& 18 no fixed repa￿ent date.
Th¢ Tr￿St h&8 d¢f¢rr¢d all lo￿ and m)rtfdges to a secottd cknge following Michael Blanning TnLSt
Housing Association Ltd obtsining finance for new developmen￿ s￿h finance being ￿U[¢d by a first
charge or mortgage to developnent fill￿er8.
continued...

The Midthel Bly4￿ning Trnst
Notes to the Win*llcial St*tements- ¢onthiued
for the year ended 29th J#nuary 2024
CASH AT BANK
2024
Totsl
2023
Total
funds
NatWe￿ plc. current account
59.021
140,804
Totsl
59,021
140,804
CREDITOIL8: AMOUNTS FALLING DUE wfTillN ONE YEAR
2024
20
ACcn￿lS
5.965
5.881
RELATED PARTY TRANSACTIONS
During the year the Trt￿t incurred ￿Sts for le￿1 servi(Y amounting to £9￿ (2023.. £1,2￿) 10
Shakespeare Mtirtineau LLP. Solicitor4 a firni in T￿l¢b Tntste¢s Mr. L IL James and Mr. J. Hughes. are
onsultants.
The Trust over the years has made substantial loans to Michael Blarffting TnL8t Housing Akqociaiion Ltd..
a registered ¢omkwy uThJ¢r the Cw)erativ¢ ond Community Ben￿1$ S￿le11£s Act 2014 {Re￿$tratiOn
Numbcr 27848R) whose iy)Ard m¢n)bers Are aiso Trust¢¢s of the Tru￿. The amount due to the charity al
the year end w&$ £5,262.016 (2023.. £5,187,016) 18 in Not¢ 4 trj th¢ a￿)unts. plus accrued
inierest of £557.079 (2023: £96.182) &8 sts￿d in Note 4.
The tNsl is controlleA by its Tn￿e￿.
The loans ar¢ s¢¢ured by way of legal charges on Vario￿ The￿ is no fixtAI repaymen¢ date.
The Trust has deferrryj all loans aTKI vTh)rtgages to a second cbaTBe following Michael Blanning Trust
Housing Association Ltd obtaining finartt f￿ ncw developn￿￿ such finan¢¢ being S￿VrEd by a fjrst
charge or mortgage to development ful￿er$.
Pagc 10
continuciL..

The Michael Bl*nnkng Trust
Notes to the FmgJncRai StateD)ellts- ¢oDtln¥ed
for the y￿r ellded 29th January 2024
2024
2023
Capitsl funds
In¢om¢ fimds
3539,490
1.932,655
3,539,496
1.878.626
5A72,151
5.418,122
10.
INDEPENDENT EXAMINER'S FEE
The independent exAminef8 fee was £1,764 inch￿1Ve of VAT (2023: £1,680).
Pag¢ 11