## **The Blandford Trust** 

# **Annual Report 31[st] January 2023** 

## **Current Liquidity** 

|Our current position is as follows:-|£6,159|
|---|---|
|Current Account at 31stDecember 2022|£6,159|



## **Treasures Report to the Trustees** 

Following our ongoing decisions to distribute rather less than we receive    ( so as too build capital whilst having a “spare “ pot should a worthwhile local need arise )  there have some changes and  further additions to the overall portfolio. It is important to understand that none of these changes have altered our overall attitude to risk. 

The valuation of our Investments at 31[st] December 2022 indicates a combined value of £611,826k ( against a cost of £642,667k ) which, given the destabilising effect of  Brexit , Covid and the War in Ukraine vote, is satisfactory………not to say a relief……..and appears to justify our conservative and balanced investment approach. 

Unless we, as a Board of Trustees, choose to alter our approach, our basic requirement  and attitude to risk remains unchanged.  Essentially, this is a desire to protect our Capital and maintain or improve our level of Income thus  enabling us to maintain our pattern of giving . 

## **Grant Giving.** 

Our Grants this year have amounted to £32,594. This sum was marginally in excess of our income for the year (£31,635 ) but enabled us to retain some surplus cash . 

## **MWW** 

## **January 2023** 



BLANDFORD TRUST
ACCOUNTS FOR THI YEAR EIYDED
31DE
EMBER 2022

LANDFORD
RUST
IP4COME AND EXPENDITURE ACCOiINT
FOR THE YEAR ENDED
I DFLEMBER 2022
2022
COME
Ill￿￿¢ from Inveskn¢nts
I￿￿reSt Re¢¢ived
31J52
27.728
EXPEL¥DITURE
TDtst Ext*nses
2,100
2.050
BENEFACTIONS
H¢rts Community FouDdation (A4Jmin)
St Albans CAB
Business E4kn¢ation Events
Forever Support Young People
Stren8th in Mind
Transitions UK (rebJrned)
The Gifted
Northants Community Foundation
Herts In¢lusive Theatrc
Youthtalk
LeAnn&8 Wish
Go Set TenrJi5
Po￿1 IN
Walkihe Walk
Crui8e BereaVen￿lt
500
2,(KJO
5,000
2,800
2,500
(5,f144)
2,501J
2.500
4,921
2,500
250
10,000
s.[￿0
4,&78
4J60
5.0110
DEFICIT FOR THE YEAR
(959)
207
BALANCE BROUGHT FORWARD
151,255
BALANCE CARRIED FORWARD
150
151.462
CAPITAL ACCOUNT
Biknnce Brought FonNrd
511234
487.417
ProfitlLos8 on S*le off IDvesthaeDts
26829
25,817
B4latt¢e C•rrled Forward
S39,663
513,234
W¢approvediheseaccountson..................................2023
Signedonb¢halfoftheTn￿........................................Tr￿￿ltt
Tn￿te¢

BLANDFORD TRUST
EYKARE
DED31D
EMBER 2
2021
INVESTMEwfs (tte s¢hedule)
642,668
650,832
CURRENT ASSETS
Cash Al EFG Hanis Allday.
Cash at Bank
Acuued Interest and Dtyidtnds Receivable
39,814
0,159
1,925
47.898
5.138
7,419
Lesj: CURRENT LIABILITIES
Sundry Cr¢diiOiS
400
47
98
375
NET ASSETS
664 696
Repr¢sentsd By".
CAPITAL AccouNr
539,663
513234
INCOME ACCOUNT
I511￿03
151,462
664.696

INDEPENDENT EXAMINE
ORT TO
THE TRUSTEES OF THE BLANDFORD TRUST
I have examined the financial statements of the Blandford Trust for th¢ yur ended 31 December 2022 wbi¢h ￿MpriSe
ststemellt of income and expeDditUT¢ account a￿1 balance sheeL
Res
tive Res
sibilities of Trustees and Examin¢r
The charitys tNstec8 are responsible for the PT¢POration of the ￿COUnts. Th¢ ch￿Tty'S tsusttes ¢onsider that audit is
not requircd foT this year urtdcT section 144 of the Charities Act 2011 {th¢ Charities Acl) and that )Nd¢p￿dent
examination is oeeded.
It is my responsibility to..
a} ¢x8mxtte the accounts undeT SKtion 145 of the Charities ACL
b) to follow the prOctth￿es laid down ith the Genero1 Ditrections given by the Ch8riry Comtnission {und¢r sects.on
145(5)(b) of the Charities Act. atsd
) to slatc wbeth¢r parti¢ulAT rnatter8 have come to my altention.
Basis of Jnde deni Examiners. Re
Myexamination was Carried out in iccordance with Gen¢ral DirectKOn5 given bythe Charity Coromission. An examination
include5 a revi¢w of the a￿OUnting reeords kept by the charity and a ¢omparison of the acCo￿lS prcsent¢d with those
rttords. It also ij)¢ludes coDsid¢ration tsf any unusual items or disclosures in the acwunts, and sceking explanation$ from
the trust¢escon¢erning anysu¢h matters. Th¢proceduTesuodertsken do notprovide all the evid¢nc¢ thatwould bc required
in an wdit, and ¢oJsequelltly, no opinion is yven as to whether th¢ ￿coUnts Present a 'tm¢ and fair view, and the report
18 limited to those matters set out in the statement below.
Inde dent ExaD)in¢rs' Siatejnent
In coJJnection with my exarnination, no matt¢T has ¢oJne to niy #ttention;
l) which giv¢sme reayonablecause to believ¢ that in, anymat¢rial respect. the truste¢8 havenot mettherequir¢ments
10 ¢nswe thai,.
a) proper occountiajg rtcords arc kcpt in accordance with sedion 130 of the Charities Act. and
b) ac¢ounts are prepared which agree with thc accounting records alld cornply with th¢ accounting requtrements of
the Charities A¢i'
2) to which, in my opinion, atrention should be dtAWtt iti order to enablc a proper ￿￿erStanding of thiaccount5 to
be rea¢hed.
WillI￿n
THWAITLS BLACKWELL BAILEY & CO LTD
Cbartered Ateowitants
Lynch Farjn
The Lynch
Kcnsworth LU6 3QZ

BLANDFORD TRU
BALANCE SHEEf SCHEDULE OF INVEsfMENTS
Closing cost
3111212022
Closlng Value
3U1212021
INVESTMEKrs
Middlefield Canadian Inc GBP PCC
Taylor Maritime
JP morgan Claverhou5e Inv GBP 0.25
Digial 9 Infrastructure
VH G8L Sustainable Energy
Trltax Eurbox
Trltax Big Box REIT PLC GBP 0.01
Dunedin Inc Growth INV TSTGBP 0.25
RTM Secured Dlrect
SDCL Energy Efflciency Int Trust
Gore Street Energy
Prlmary Health Props GBP 0.125
Twentyfour Income Fund
BBGI Global Infrac5tuttures SA GBO
Greencote Wind
LE Ruffer
UK Treasury 5%
25CK)O
25,824.63
£ 31.250.23
£ 44.846.00
£ 52,169.13
E 26,046.IX)
£ 42,501.50
£ 27.699.34
£ 28.934.58
£ 28,949.58
£ 28,520.00
£ 30,871.50
£ 42,970.87
£ 26.146.(Kl
£ 29.580.78
£ 28,393.68
£ 77,181.65
£ 70,782.30
29,688
36,OCKJ
49,000
43.200
25,250
24,560
27,720
29,200
25,5CK)
24.125
33,300
33,240
24,7(Ki
27,405
26,6iJ)
80.295
72,043
25￿0
40000
20CM)O
10000
300c￿l
25000
3LKJOO
300(X)
17500
17500
750CK)
£ 642,667.77
611.826

BLANDFORD TRUST
ACCOUNTS FOR THI YEAR EIYDED
31DE
EMBER 2022

LANDFORD
RUST
IP4COME AND EXPENDITURE ACCOiINT
FOR THE YEAR ENDED
I DFLEMBER 2022
2022
COME
Ill￿￿¢ from Inveskn¢nts
I￿￿reSt Re¢¢ived
31J52
27.728
EXPEL¥DITURE
TDtst Ext*nses
2,100
2.050
BENEFACTIONS
H¢rts Community FouDdation (A4Jmin)
St Albans CAB
Business E4kn¢ation Events
Forever Support Young People
Stren8th in Mind
Transitions UK (rebJrned)
The Gifted
Northants Community Foundation
Herts In¢lusive Theatrc
Youthtalk
LeAnn&8 Wish
Go Set TenrJi5
Po￿1 IN
Walkihe Walk
Crui8e BereaVen￿lt
500
2,(KJO
5,000
2,800
2,500
(5,f144)
2,501J
2.500
4,921
2,500
250
10,000
s.[￿0
4,&78
4J60
5.0110
DEFICIT FOR THE YEAR
(959)
207
BALANCE BROUGHT FORWARD
151,255
BALANCE CARRIED FORWARD
150
151.462
CAPITAL ACCOUNT
Biknnce Brought FonNrd
511234
487.417
ProfitlLos8 on S*le off IDvesthaeDts
26829
25,817
B4latt¢e C•rrled Forward
S39,663
513,234
W¢approvediheseaccountson..................................2023
Signedonb¢halfoftheTn￿........................................Tr￿￿ltt
Tn￿te¢

BLANDFORD TRUST
EYKARE
DED31D
EMBER 2
2021
INVESTMEwfs (tte s¢hedule)
642,668
650,832
CURRENT ASSETS
Cash Al EFG Hanis Allday.
Cash at Bank
Acuued Interest and Dtyidtnds Receivable
39,814
0,159
1,925
47.898
5.138
7,419
Lesj: CURRENT LIABILITIES
Sundry Cr¢diiOiS
400
47
98
375
NET ASSETS
664 696
Repr¢sentsd By".
CAPITAL AccouNr
539,663
513234
INCOME ACCOUNT
I511￿03
151,462
664.696

INDEPENDENT EXAMINE
ORT TO
THE TRUSTEES OF THE BLANDFORD TRUST
I have examined the financial statements of the Blandford Trust for th¢ yur ended 31 December 2022 wbi¢h ￿MpriSe
ststemellt of income and expeDditUT¢ account a￿1 balance sheeL
Res
tive Res
sibilities of Trustees and Examin¢r
The charitys tNstec8 are responsible for the PT¢POration of the ￿COUnts. Th¢ ch￿Tty'S tsusttes ¢onsider that audit is
not requircd foT this year urtdcT section 144 of the Charities Act 2011 {th¢ Charities Acl) and that )Nd¢p￿dent
examination is oeeded.
It is my responsibility to..
a} ¢x8mxtte the accounts undeT SKtion 145 of the Charities ACL
b) to follow the prOctth￿es laid down ith the Genero1 Ditrections given by the Ch8riry Comtnission {und¢r sects.on
145(5)(b) of the Charities Act. atsd
) to slatc wbeth¢r parti¢ulAT rnatter8 have come to my altention.
Basis of Jnde deni Examiners. Re
Myexamination was Carried out in iccordance with Gen¢ral DirectKOn5 given bythe Charity Coromission. An examination
include5 a revi¢w of the a￿OUnting reeords kept by the charity and a ¢omparison of the acCo￿lS prcsent¢d with those
rttords. It also ij)¢ludes coDsid¢ration tsf any unusual items or disclosures in the acwunts, and sceking explanation$ from
the trust¢escon¢erning anysu¢h matters. Th¢proceduTesuodertsken do notprovide all the evid¢nc¢ thatwould bc required
in an wdit, and ¢oJsequelltly, no opinion is yven as to whether th¢ ￿coUnts Present a 'tm¢ and fair view, and the report
18 limited to those matters set out in the statement below.
Inde dent ExaD)in¢rs' Siatejnent
In coJJnection with my exarnination, no matt¢T has ¢oJne to niy #ttention;
l) which giv¢sme reayonablecause to believ¢ that in, anymat¢rial respect. the truste¢8 havenot mettherequir¢ments
10 ¢nswe thai,.
a) proper occountiajg rtcords arc kcpt in accordance with sedion 130 of the Charities Act. and
b) ac¢ounts are prepared which agree with thc accounting records alld cornply with th¢ accounting requtrements of
the Charities A¢i'
2) to which, in my opinion, atrention should be dtAWtt iti order to enablc a proper ￿￿erStanding of thiaccount5 to
be rea¢hed.
WillI￿n
THWAITLS BLACKWELL BAILEY & CO LTD
Cbartered Ateowitants
Lynch Farjn
The Lynch
Kcnsworth LU6 3QZ

BLANDFORD TRU
BALANCE SHEEf SCHEDULE OF INVEsfMENTS
Closing cost
3111212022
Closlng Value
3U1212021
INVESTMEKrs
Middlefield Canadian Inc GBP PCC
Taylor Maritime
JP morgan Claverhou5e Inv GBP 0.25
Digial 9 Infrastructure
VH G8L Sustainable Energy
Trltax Eurbox
Trltax Big Box REIT PLC GBP 0.01
Dunedin Inc Growth INV TSTGBP 0.25
RTM Secured Dlrect
SDCL Energy Efflciency Int Trust
Gore Street Energy
Prlmary Health Props GBP 0.125
Twentyfour Income Fund
BBGI Global Infrac5tuttures SA GBO
Greencote Wind
LE Ruffer
UK Treasury 5%
25CK)O
25,824.63
£ 31.250.23
£ 44.846.00
£ 52,169.13
E 26,046.IX)
£ 42,501.50
£ 27.699.34
£ 28.934.58
£ 28,949.58
£ 28,520.00
£ 30,871.50
£ 42,970.87
£ 26.146.(Kl
£ 29.580.78
£ 28,393.68
£ 77,181.65
£ 70,782.30
29,688
36,OCKJ
49,000
43.200
25,250
24,560
27,720
29,200
25,5CK)
24.125
33,300
33,240
24,7(Ki
27,405
26,6iJ)
80.295
72,043
25￿0
40000
20CM)O
10000
300c￿l
25000
3LKJOO
300(X)
17500
17500
750CK)
£ 642,667.77
611.826