## **THE BLANDFORD TRUST** 

## **Annual Review** 

## **Year to 31[st] December 2021** 

## **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 taking advantage of the rise in the Market have crystallized gains of £25,817 

Our portfolio which was valued on 31[st] December 2021 at £761k…………which reflects the post Covid recovery of the Market. 

## **INCOME** 

Our income fell from £31k in 2020 to £28k in 2021 . The running yield is projected as being about £29k which is in line with our instructions. 

## **BENEFACTIONS** 

In 2021  our Benefactions amounted to  £25k………which sum, with our Trustee’s expenses, meant that in overall terms, our income just exceeded our grant giving for the year as was planned. Our underlying level of capital  is considered acceptable and in line with our philosophy. 



BLANDFORD
UST
ACCOUNTS FOR THE YEAR ENDED
31 DECEMBER 2021

BLANDFORD TRUST
INCOME AND EXPENDITURE ACCOiINT
FOR TRK YEAR E14DED 31 DECEMBER 2021
2021
INCOME
JDcome from Jnvestments
27,728
30.985
Trust ExpEnses
2.05•
1.824
BENEFACTIONS
DEMAND
Herts Young Homeless
Herts kn¢lvsive Theatr¢
Asyects
Grnve Cottagc
The thunselling Foundation
Herts Community Foundation {Admin)
St Albans CAB
Business Educ￿10n Events
ForeveT Support Young Peopk
Strenyh ill Mind
Transttiolls UK
The Gificd
North￿1$ Community Foundation
250
2,0(X)
5.OIK>
5,O¢KJ
5,000
500
500
Iwjo
5.0
181M)
15011
5,OlJO
4.921
(W 27321
2,5
2500
35
SURPLUS FOR THE YEAR (202041efielt)
207
(4,339)
ALAfqcE BROUGHT FORWARD
151255
151
151255
ITAL
luce Brongbt Forward
487.417
S25,￿8
Profit1￿)59 on Sal¢ Of Investments
25,817
(37,591)
BAlance Carr5ed ForwArd
513
487 417
Weapprovedtheseaecountson...................................2022
Signed OD behalf of the Trus1eu..................
Trust¢¢
..TnJ#ce

BLANDFORD TRUST
ENDED
ECEMBE
2020
INVESTMENTS (lee i¢lwduk)
650,832
625,438
CURRENT ASSETS
Cash at EFG Harris Allday
Cash at Bank
Accrued Inttrtsl and Dividends Receivable
5,138
7,419
1.682
4.715
7.998
861
Less: CURRENT LIABIL￿lEs
SuDdry Creditors
37S
13
340
13234
NET ASSETS
064,696
638 672
RePre￿￿ted By:
CAPITAL ACCOUNT
51S234
487.417
INCOME ACCOUNT
151
638 672

INDEPENDENf EXAMINERS* REPORT TO
THE TRUSTEES OF THE BLANDFORD TRUST
I have cxamincd the fthancial statements of Ibe Blandford Trust for the ye4r ended 31 December 2021 whidj comprise
statement of income and expenditure acc4)unt alld balaDCe she&.
ve R¢s
On￿?111t1¢S of Trnste¢s and Exaniner
Th¢ charity's trustees aye responsiblc for the preparation of the a¢¢ounts. The charity's consider that an ￿dit is
ot requiied for this year under s￿l0n 144 of the CbarAti¢s Act 2011 (the chariti￿ Act) aDd t]￿t an indepffld¢Dt
¢xamitl*ioll is need￿.
It is my r¢spon&bility to."
a) examine the accounts under section 145 of the Charities A¢t.
b) to follow the procedures laid down in the G¢neral Dir¢¢tiong given by th¢ Charity CoMmi￿10n {und¢r ￿110￿
145(SXb) of the Charities A¢L and
¢) to state whetherparticul&rmatters hav¢ come to my attcntio
Basis of tndc
dent Examiners, Re rt
My examination was carri&l out in ￿e0rdance with General Dfftreetions given by the Charity Commission. An
examination tncludes a Teview ofthe accounting records kept by thE charity and a compaTison of th¢ accounts presented
with those recordL It a]50 in¢lude5 consideration of any unusual items or disc1ts5ur￿ in the a¢¢ounts, and seeking
explanations frorn the trnst¢¢s concerning any such matters. The procedur¢s undertaken do not provide all thc ¢vidence
that would be rcquired in an audiL and consequently, no opinion is given as to whether the aceounts present a 'true and
fair view, aDd the report is limited to th¢s¢ matlers set out in the statement bclow.
JTtde
dent Examinets. Statement
In connection witb rny examiajation. no matter has ¢omc to my attenti¢m:
l) which gives me reth)nabl¢ Cause to believe tbat in, a4y rnat¢ria] respx the trustees have not met the
requir¢ments to ¢nsure that.
a) proper accounting recor4Js are kept ID accordancc with seetion 130 of the Charities Act,. altd
b) accounts are prepar&1 whieh agrcc with the accounting records and comply with thc a￿0￿￿tin8 r¢qiiirem¢nts of
the Ch￿ltieS A¢t,' or
2) to which, in my opinion, attention should be thawn in order to enable a proper underst2Dding of thc accounts to
be reachcd.
84rah J V'flliam$ FCA
WAITES BLACKWELL BAILEY & CO LTD
ered A
nt
Lynch Farn)
The Lynch
Kenswonh LU6 3QZ

RD TRUS
a05ing Crnt
31st Decemlxr 2021
a0￿￿valUe
31st December 2021
Mlddlefield Canadian Inc G8P P
Ta￿et F￿althrIre REIT GBP 0.01
Glaxosmlth Kllne PLCGBP 025
Taylor Mèrltime
JP ￿gan aaverhouse Inv GBP 0.25
Digital 9 Infrdstructure
RuFfer Inv Co Ltd Red PTG Pref SHS
Tritax Eurbox
Trltax Bia Box REIT PLC GBP 0.01
Dunedin Inc Growth INV TST GBP 0.25
RM Inrnstrurture
SDCL Energy Effidency Ine Trnst
Gore Street EneT8V
Primary Health Props GBPO.125
BBGI Global Infrastructure S A GBO
Greencote Wlnd
BB Healthore Trust PLC
39￿￿4.75
15,365.75
20.465.87
30.270.ty)
44,846.IXI
25.25730
51118.84
42,501.50
23,93835
57,517.46
2494958
62,S4&12
30.871.50
51.316.98
I9.5￿.78
34.017.24
6Lnl.75
47,IlXI
17,71JO
20,083
43,221
.000
1.250
42.511
25.L
28,450
67.390
49.800
65.200
28.5(KJ
68,541
35.4(
52.99)
30.730
35.150
70350
20.000
58,333
35,IXK)
17,5
25,(J)O
35,IlXI
650￿.17
761,445

BLANDFORD
UST
ACCOUNTS FOR THE YEAR ENDED
31 DECEMBER 2021

BLANDFORD TRUST
INCOME AND EXPENDITURE ACCOiINT
FOR TRK YEAR E14DED 31 DECEMBER 2021
2021
INCOME
JDcome from Jnvestments
27,728
30.985
Trust ExpEnses
2.05•
1.824
BENEFACTIONS
DEMAND
Herts Young Homeless
Herts kn¢lvsive Theatr¢
Asyects
Grnve Cottagc
The thunselling Foundation
Herts Community Foundation {Admin)
St Albans CAB
Business Educ￿10n Events
ForeveT Support Young Peopk
Strenyh ill Mind
Transttiolls UK
The Gificd
North￿1$ Community Foundation
250
2,0(X)
5.OIK>
5,O¢KJ
5,000
500
500
Iwjo
5.0
181M)
15011
5,OlJO
4.921
(W 27321
2,5
2500
35
SURPLUS FOR THE YEAR (202041efielt)
207
(4,339)
ALAfqcE BROUGHT FORWARD
151255
151
151255
ITAL
luce Brongbt Forward
487.417
S25,￿8
Profit1￿)59 on Sal¢ Of Investments
25,817
(37,591)
BAlance Carr5ed ForwArd
513
487 417
Weapprovedtheseaecountson...................................2022
Signed OD behalf of the Trus1eu..................
Trust¢¢
..TnJ#ce

BLANDFORD TRUST
ENDED
ECEMBE
2020
INVESTMENTS (lee i¢lwduk)
650,832
625,438
CURRENT ASSETS
Cash at EFG Harris Allday
Cash at Bank
Accrued Inttrtsl and Dividends Receivable
5,138
7,419
1.682
4.715
7.998
861
Less: CURRENT LIABIL￿lEs
SuDdry Creditors
37S
13
340
13234
NET ASSETS
064,696
638 672
RePre￿￿ted By:
CAPITAL ACCOUNT
51S234
487.417
INCOME ACCOUNT
151
638 672

INDEPENDENf EXAMINERS* REPORT TO
THE TRUSTEES OF THE BLANDFORD TRUST
I have cxamincd the fthancial statements of Ibe Blandford Trust for the ye4r ended 31 December 2021 whidj comprise
statement of income and expenditure acc4)unt alld balaDCe she&.
ve R¢s
On￿?111t1¢S of Trnste¢s and Exaniner
Th¢ charity's trustees aye responsiblc for the preparation of the a¢¢ounts. The charity's consider that an ￿dit is
ot requiied for this year under s￿l0n 144 of the CbarAti¢s Act 2011 (the chariti￿ Act) aDd t]￿t an indepffld¢Dt
¢xamitl*ioll is need￿.
It is my r¢spon&bility to."
a) examine the accounts under section 145 of the Charities A¢t.
b) to follow the procedures laid down in the G¢neral Dir¢¢tiong given by th¢ Charity CoMmi￿10n {und¢r ￿110￿
145(SXb) of the Charities A¢L and
¢) to state whetherparticul&rmatters hav¢ come to my attcntio
Basis of tndc
dent Examiners, Re rt
My examination was carri&l out in ￿e0rdance with General Dfftreetions given by the Charity Commission. An
examination tncludes a Teview ofthe accounting records kept by thE charity and a compaTison of th¢ accounts presented
with those recordL It a]50 in¢lude5 consideration of any unusual items or disc1ts5ur￿ in the a¢¢ounts, and seeking
explanations frorn the trnst¢¢s concerning any such matters. The procedur¢s undertaken do not provide all thc ¢vidence
that would be rcquired in an audiL and consequently, no opinion is given as to whether the aceounts present a 'true and
fair view, aDd the report is limited to th¢s¢ matlers set out in the statement bclow.
JTtde
dent Examinets. Statement
In connection witb rny examiajation. no matter has ¢omc to my attenti¢m:
l) which gives me reth)nabl¢ Cause to believe tbat in, a4y rnat¢ria] respx the trustees have not met the
requir¢ments to ¢nsure that.
a) proper accounting recor4Js are kept ID accordancc with seetion 130 of the Charities Act,. altd
b) accounts are prepar&1 whieh agrcc with the accounting records and comply with thc a￿0￿￿tin8 r¢qiiirem¢nts of
the Ch￿ltieS A¢t,' or
2) to which, in my opinion, attention should be thawn in order to enable a proper underst2Dding of thc accounts to
be reachcd.
84rah J V'flliam$ FCA
WAITES BLACKWELL BAILEY & CO LTD
ered A
nt
Lynch Farn)
The Lynch
Kenswonh LU6 3QZ

RD TRUS
a05ing Crnt
31st Decemlxr 2021
a0￿￿valUe
31st December 2021
Mlddlefield Canadian Inc G8P P
Ta￿et F￿althrIre REIT GBP 0.01
Glaxosmlth Kllne PLCGBP 025
Taylor Mèrltime
JP ￿gan aaverhouse Inv GBP 0.25
Digital 9 Infrdstructure
RuFfer Inv Co Ltd Red PTG Pref SHS
Tritax Eurbox
Trltax Bia Box REIT PLC GBP 0.01
Dunedin Inc Growth INV TST GBP 0.25
RM Inrnstrurture
SDCL Energy Effidency Ine Trnst
Gore Street EneT8V
Primary Health Props GBPO.125
BBGI Global Infrastructure S A GBO
Greencote Wlnd
BB Healthore Trust PLC
39￿￿4.75
15,365.75
20.465.87
30.270.ty)
44,846.IXI
25.25730
51118.84
42,501.50
23,93835
57,517.46
2494958
62,S4&12
30.871.50
51.316.98
I9.5￿.78
34.017.24
6Lnl.75
47,IlXI
17,71JO
20,083
43,221
.000
1.250
42.511
25.L
28,450
67.390
49.800
65.200
28.5(KJ
68,541
35.4(
52.99)
30.730
35.150
70350
20.000
58,333
35,IXK)
17,5
25,(J)O
35,IlXI
650￿.17
761,445