2020-12-31-accounts

THE BLANDFORD TRUST

Annual Review

Year to 31[st] December 2020

SUMMARY

In overall terms, the year has been one of Consolidation in Investment terms whilst maintaining the planned level of Benefactions.

Our portfolio is constantly monitored, the Brokers have clear instructions as to our attitude to risk. We are in a suitably defensive position in respect of the level of our income and we should be able to weather any significant falls in the Market as and when they occur.

INVESTMENTS

The Brokers have monitored the Market and during the year and have accepted losses of £37,591 .

Our portfolio which was valued on 31[st] December 2020 at £654k…………which , given the difficulties as a result of Covid is considered reasonable

INCOME

Our income fell from £35k in 2018 to £31k in 2020 . The running yield is projected as being about £30k which is in line with our instructions.

BENEFACTIONS

In 2020 our Benefactions amounted to £34k………which sum, with our Trustee’s expenses, meant that in overall terms, we expended slightly more than our income for the year. This situation was anticipated and our underlying level of capital is considered acceptable and in line with our philosophy.

LANDFORD T ST ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER

BLANDFORD TRUST INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31 DE EMBER 2020 2Q 019 INCOME Inwme from InvesLrnents 3(IP85 34.81yJ Trust Expenses 2,024 BENEFACTIONS DEMAND Hert8 Young Homdess Herts Inclusive Theatre Aspects Grove Cotta8e The Counselling Foundatton Herts Community Foundation (Admin) SPACE Business Education Even¢$ Youth Talk Trestl¢ Theatre Compally Contact (For families with disable41 childrell) Rcnnie Grove Hospice Care The Gifted Kexh Hospice Care Nonhallts Community Foundation 2,000 5,IXIO s￿0 1.000 5,000 5.(K)O 5.0(Ki 4.914 1,500 2.000 2.5(M) 5.0(K) 00 35J24 DEFICIT FOR THE YEAR <4J39) (1.638) BALANCE BROUGHT FORWAIU) ISS394 157232 BALANCE CAIUUED FORWARD 151 CAPITAL ACCOUNT Balance Browtbt Forw•rd 525,008 488,145 t4)y￿Profit on S￿e of InveJtmeDtI (37J91) 36,863 Bgl•u¢e C￿rIed Fonvard Weapprovedthes¢a¢countson........................... ......2021 SigttedonbehalfoftheTrustees........................................Trustee

BLANDFORD TRUST ALANCE EET FOR TIIE YEAR ED JI DECEMBER 202 INVESTMENTS (Me J¢beduie) 62S438 655.577 CURRENT ASSETS Cash at EFG Harris Allday C&sh at Bank Accwed Interest and Dividends Receivable 4,715 12.235 11,711 861 Les$: CURRENT LIABILITIES Sundry Cye41itors 3411 340 NET A&SETS 680002 Repwented By: CAPITAL ACCOUNT 487A17 525,Cl)8 INCOME ACCOUNT 151 155 594 680 602

INDEPEfffjENT EK4MINERS' REPORT TO THE TRUSTEES OF THE BLANDFORD TRUST I have examined th¢ flnancial statm¢nts of th¢ Blandford Trust for the year ended 31 Ikcember 2020 which comprise statement of income and upenditur¢ acwwt and balauce sbeet. tive R¢s onsibilities of Truslees and Examiner The charity's t￿￿tee8 are responsible for th¢ preparation of the 4¢rount& Th¢ ¢F￿nty'S trustee$ consider that an audit is not required for this year under scction 144 of the Cbarities Act 2011 (the Charities Act) and that an ittdepffldent exarnination is needed. It is my responsibility to: a) exaTnin¢ the accounts und¢r section 145 of the Chariti&s ACL b) to follow ih¢ piocedures laid down tn the General DIr￿tiOnS given by the Charity ConunI￿On (under Scction 145(5)(b) of the Charities A4 and c) to state wbeth¢r panicular matters have Come to my ottention. Basis of Jndc ndent Examina5, Re ort My examination w&s carried out 11] accordance with General ThrectiODS given by the Charity Commi&sio]L examinalion Includes a review of the ￿0￿nting re¢ords kept by the charity and a comparison of the accounts prrsent with those r￿rds. It also includes eonsidetation of any unusual item$ or disclosures in the acwunt& and seeking explanations frorn th¢ ttMst¢es ¢oncerRing any such matters. The procedur¢s undertthn do not Provide all the evidence that would be r¢quircd in an audit. and consequently, no opinion 15 gÈven as to whether th¢ accounts present a 't￿¢ ajjd foir view. and the rcport 1$ lirnited to thos¢ matters sd out in the statement below. Ind¢ ¢ndent Examiners. Ststement In conncction with my eX￿nInatIOn, no matter has com¢tO my ￿entiOn. l) which gives m¢ reawnable cause to believe th* in, any rnaterial r¢speffj th¢ truste&s bave ttot met the requirernents to ensur¢ that. &) proper Rccountins records ar¢ kept in ac¢oTdance with section 130 of the Charities Act; and b) accounts are prepared which agrc¢ with the a¢¢ounting re¢ords and comply with the accounting requir¢m¢nts of the Cbarittes Aci. or 2) to whieh. in my opinion, attention should be drdwn in order ¢0 eDable a proptt understanding of the accounts to be reachrd. . arab J WUli4ms FCA LL BAI EY&COLTD h8rtered A OIiDtfjnts THWAITE BLA Ly￿h Farm The Lynch Kettsworth LU6 3QZ I Se tember 2021

Closlng Cost Closing Value 31st December 2020 Middlefield Canadian IncGBP PCC TwentyFour Income Fund Red GBP 0.01 Target Healthcare REIT GBP 0.01 Diverse Income Trust PLC GBP 0.￿1 Glaxo Smith Kline PLC GBP 0.25 IP Morgan Claverhouse Inv GBP Q25 Ruffer Inv Co Ltd Red PTG Pref SHS Tritax Blg Box REIT PLC GBP 0.01 Dunedin IncGrowth INVTSTGBPO.25 Seneca GBL Inc & Groeth TST GBP 0.25 RM Secured Dlrect Lending GBP 0.01 SDCL Enerey Efflciency Inc Trust GCP Infrastructure Inv Ltd GBP QOI Primary Health Props GBP 0.125 B8GI Global Infrastructure S A GBO Supermarket REIT PIC GBP 0.01 Gravts Clean Energy Inc FD C Inc BB Hea￿h¢are Trust PLC 40,CKK) 39,Y4.75 36.8￿. 31,81M). 17,IC(J.00 34.650.1KI 16.775.00 25.960.00 60.260.00 50.370.00 58,11)0.00 20.593.75 13,050.00 31,577.25 43.600. 53.480. 30.415.CK) 31,950.LKI 54,077.52 44,375.00 15,365.75 30,260.&7 20,465.87 24,289.15 52,118,84 35,907.82 57.917A6 ti 22,275,06 15,145.63 31.520.22 45,601.23 51316.98 29.580.78 31.662.88 48,127.88 42.831.49 35.(XKI L250 23,(MXJ 30,(X 20,1￿0 12.500 15,IK 29.650 40,000 35.000 ' 17.SCLI 25,0 25,000 625N37A7 654,933.52

LANDFORD T ST ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER

BLANDFORD TRUST INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31 DE EMBER 2020 2Q 019 INCOME Inwme from InvesLrnents 3(IP85 34.81yJ Trust Expenses 2,024 BENEFACTIONS DEMAND Hert8 Young Homdess Herts Inclusive Theatre Aspects Grove Cotta8e The Counselling Foundatton Herts Community Foundation (Admin) SPACE Business Education Even¢$ Youth Talk Trestl¢ Theatre Compally Contact (For families with disable41 childrell) Rcnnie Grove Hospice Care The Gifted Kexh Hospice Care Nonhallts Community Foundation 2,000 5,IXIO s￿0 1.000 5,000 5.(K)O 5.0(Ki 4.914 1,500 2.000 2.5(M) 5.0(K) 00 35J24 DEFICIT FOR THE YEAR <4J39) (1.638) BALANCE BROUGHT FORWAIU) ISS394 157232 BALANCE CAIUUED FORWARD 151 CAPITAL ACCOUNT Balance Browtbt Forw•rd 525,008 488,145 t4)y￿Profit on S￿e of InveJtmeDtI (37J91) 36,863 Bgl•u¢e C￿rIed Fonvard Weapprovedthes¢a¢countson........................... ......2021 SigttedonbehalfoftheTrustees........................................Trustee

BLANDFORD TRUST ALANCE EET FOR TIIE YEAR ED JI DECEMBER 202 INVESTMENTS (Me J¢beduie) 62S438 655.577 CURRENT ASSETS Cash at EFG Harris Allday C&sh at Bank Accwed Interest and Dividends Receivable 4,715 12.235 11,711 861 Les$: CURRENT LIABILITIES Sundry Cye41itors 3411 340 NET A&SETS 680002 Repwented By: CAPITAL ACCOUNT 487A17 525,Cl)8 INCOME ACCOUNT 151 155 594 680 602

INDEPEfffjENT EK4MINERS' REPORT TO THE TRUSTEES OF THE BLANDFORD TRUST I have examined th¢ flnancial statm¢nts of th¢ Blandford Trust for the year ended 31 Ikcember 2020 which comprise statement of income and upenditur¢ acwwt and balauce sbeet. tive R¢s onsibilities of Truslees and Examiner The charity's t￿￿tee8 are responsible for th¢ preparation of the 4¢rount& Th¢ ¢F￿nty'S trustee$ consider that an audit is not required for this year under scction 144 of the Cbarities Act 2011 (the Charities Act) and that an ittdepffldent exarnination is needed. It is my responsibility to: a) exaTnin¢ the accounts und¢r section 145 of the Chariti&s ACL b) to follow ih¢ piocedures laid down tn the General DIr￿tiOnS given by the Charity ConunI￿On (under Scction 145(5)(b) of the Charities A4 and c) to state wbeth¢r panicular matters have Come to my ottention. Basis of Jndc ndent Examina5, Re ort My examination w&s carried out 11] accordance with General ThrectiODS given by the Charity Commi&sio]L examinalion Includes a review of the ￿0￿nting re¢ords kept by the charity and a comparison of the accounts prrsent with those r￿rds. It also includes eonsidetation of any unusual item$ or disclosures in the acwunt& and seeking explanations frorn th¢ ttMst¢es ¢oncerRing any such matters. The procedur¢s undertthn do not Provide all the evidence that would be r¢quircd in an audit. and consequently, no opinion 15 gÈven as to whether th¢ accounts present a 't￿¢ ajjd foir view. and the rcport 1$ lirnited to thos¢ matters sd out in the statement below. Ind¢ ¢ndent Examiners. Ststement In conncction with my eX￿nInatIOn, no matter has com¢tO my ￿entiOn. l) which gives m¢ reawnable cause to believe th* in, any rnaterial r¢speffj th¢ truste&s bave ttot met the requirernents to ensur¢ that. &) proper Rccountins records ar¢ kept in ac¢oTdance with section 130 of the Charities Act; and b) accounts are prepared which agrc¢ with the a¢¢ounting re¢ords and comply with the accounting requir¢m¢nts of the Cbarittes Aci. or 2) to whieh. in my opinion, attention should be drdwn in order ¢0 eDable a proptt understanding of the accounts to be reachrd. . arab J WUli4ms FCA LL BAI EY&COLTD h8rtered A OIiDtfjnts THWAITE BLA Ly￿h Farm The Lynch Kettsworth LU6 3QZ I Se tember 2021

Closlng Cost Closing Value 31st December 2020 Middlefield Canadian IncGBP PCC TwentyFour Income Fund Red GBP 0.01 Target Healthcare REIT GBP 0.01 Diverse Income Trust PLC GBP 0.￿1 Glaxo Smith Kline PLC GBP 0.25 IP Morgan Claverhouse Inv GBP Q25 Ruffer Inv Co Ltd Red PTG Pref SHS Tritax Blg Box REIT PLC GBP 0.01 Dunedin IncGrowth INVTSTGBPO.25 Seneca GBL Inc & Groeth TST GBP 0.25 RM Secured Dlrect Lending GBP 0.01 SDCL Enerey Efflciency Inc Trust GCP Infrastructure Inv Ltd GBP QOI Primary Health Props GBP 0.125 B8GI Global Infrastructure S A GBO Supermarket REIT PIC GBP 0.01 Gravts Clean Energy Inc FD C Inc BB Hea￿h¢are Trust PLC 40,CKK) 39,Y4.75 36.8￿. 31,81M). 17,IC(J.00 34.650.1KI 16.775.00 25.960.00 60.260.00 50.370.00 58,11)0.00 20.593.75 13,050.00 31,577.25 43.600. 53.480. 30.415.CK) 31,950.LKI 54,077.52 44,375.00 15,365.75 30,260.&7 20,465.87 24,289.15 52,118,84 35,907.82 57.917A6 ti 22,275,06 15,145.63 31.520.22 45,601.23 51316.98 29.580.78 31.662.88 48,127.88 42.831.49 35.(XKI L250 23,(MXJ 30,(X 20,1￿0 12.500 15,IK 29.650 40,000 35.000 ' 17.SCLI 25,0 25,000 625N37A7 654,933.52