THE BLANDFORD TRUST
TRISTEES ANNUAL REPORT
Year to 31[st] December 2024
SUMMARY
In overall terms, the year has been one of consolidation . In the light of the underlying difficulties in the Market, the Trustees decided to crystallise some losses and aim to restore Capital. Accordingly they suspended donations for the year.
Our portfolio is constantly monitored , the Brokers have clear instructions as to the Trustee’s attitude to risk and as such, we should be able to weather any further falls in the market as and when they occur.
INVESTMENTS
Losses of £59k have been realised during the year on a number of underperforming stocks. Our Brokers have reinvested funds inline with our current attitude to risk and income.
INCOME
Income rose marginally during the year in line with expectations.
DONATIONS
As stated above……….no donations were made during the year under review.
MICHAEL WILLIS
Trustee and Treasurer
31[st ] July 2025
BLANDFORD TRUST ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
BLANDFORD TRUST INCOIMF. AN'D EXPENDITURE ACCOUIJ'T FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME Income frotn Investments Intrrest Received 29,259 605 29,864 28,912 29,030 EXPENDITURE Trust Expenses 1,950 1,940 SURPLUSI(DEFICIT) FOR THE YEAR 27,914 27,090 BALANCE BROUGHT FORWARD 177 S93 150.503 BALAYCE CARRIFD FORWARD 205 507 177 593 CAPITAL ACCOUNT Bal&nce Brought Forward 533,682 539,663 Profitll.oss on Sale of Investment5 (59,725) Balanee Carried Forw&rd 473 957 533 682 We approved thesc accounts on. ... .2025 Signcd on behalf of the Trustees.- .Trustee ..Trustce
BLANDFORD TRUST BALANCE SHEET FOR THF. YEAR F.INDF.r) 31 DF.CF.IIBF.R 2024 2024 2023 INVESTMENTS (see sehedule) 625,622 671,665 CURRENT ASSETS Cash at EFG Harris Allday. Cash at Bank Accrned Interest and Dividend5 Receivable 14,444 39,308 4.375 36,376 799 55,792 Less: CURRENT LIABILITIES Sundry Creditors NET ASSETS 679 464 711.275 Represented By: CAPITAL ACCOUNT 473.957 533,682 INCOME ACCOUNT 205,507 177 593 679 464 711275
BLANDFORD TRUST BALANCE SHEET SCHEDULE OF INVESTMENTS Closing cost 3111212024 Closing Value 3111212024 INVESTMENTS Middlefield Canada Red Part Pref Taylor Maritime JP Morgan Claverhouse VH GBL Sustainable Energv Tritax Big Box REIT PIC Dunedin Inc Growth Primary Health Properties Treasury 4,125% GCP Infrastructure DMS Latitude Global RM Infrastructure WS Guiness Global SDCL Energy Efficency Income Tesco PIC National Grid PIC BBGI Global Infrastructure Royal London Twenty Four Income Fund Cordiant Troy Trojan Income Blackrock World Mining 25000 25000 7000 25000 ioooo 15000 15000 25000 25000 42500 300 15000 20000 5000 2000 22500 40000 25000 25000 40000 6000 25,825.00 £ 20,285.00 44,846.00 26,046.00 15,791.00 £ 44,206.00 £ 21,485.00 £ 24,973.00 £ 23,105.00 60,468.00 28,950.00 19,517.00 22,815.00 13,881.00 19,318.00 35,669.00 37,222.00 26,033.00 16,045.00 67,924.00 31,218.00 £ 29,000.00 £ 19,375.00 £ 49,280.00 £ 16,500.00 £ 13,270.00 £ 40,650.00 £ 13,995.00 £ 24,878.00 £ 17,700.00 £ 66,470.00 £ 22,050.00 £ 23,349.00 £ 10,900.00 £ 18,415.00 £ 19,000.00 £ 28,035.00 £ 37,784.00 £ 27,000.00 £ 22,500.00 £ 69,860.00 £ 28,860.00 £ 625,622.00 £ 598,871.00
DEPEINDENT EXAMINERS, REPORT TO THE TRUSTEES OF THE BLANDFORD TRUST I have examined the financial slalemenls of ilie Blandford Trust for the year ended 31 December 2024 whicli comprise statement of income and expenditure account and balance slieel. Res cctivc Res oiisibiliiics ot Trustees and Examiner The charity's trustccs arc responsible for the preparation of the accounts. The charity's Irnstees consider that an audit IS not requii'ed tor this year undcr section 144 of Ilie Charities Act 20I I (the Charities Act) and that an independent examination is needed. It is my responsibility to.. a) examinc thc accounts under section 145 of thc Charities Ac b) to follow the proccdurcs laid down in the General Dircctions given by the Charity Commission (under section 145(5){b) of the Charities Act, and c) lo state whethei. particular matiers have come to my allcntion. Basis ot" Inde cndcnt Exami ort Ici's. RCL My examination was carried oiit in accordance with General Dii'ection5 givcn by the Charity Commission. An cxarnination includes a review of Ihc acLounting records kept by the cliarity and a comparison of the accounts presentcd with those rccords. 11 also includes considcration of any unusual item5 or disclosures in the accounts, and seeking cxplanalions from thc trustees conccming any such matters. The procCdU s undertaken do not provide all the evidence that would be requircd in an audit, and consequently. no opinion is givcn as lo whether thc accounts prescnt a 'true and fair vicw, and Ihe rcporl is limitcd lo those matlcrs set out in Ili¢ statement below. Ii)d¢ endeiii F.xaniiiicis' Sialciiicni In connection wich my examination, no matlcr has come to my attention. l) which gives mc reasonable causc to believe thai in. any material rcspect, the tNstces have not met thc rcquirements to ensure that. a) propcr accounting records are kept in accordance with section 130 of the Charitie5 Act; and b) accounts are prepared wliich agree with the accounting records and comply with the accounting requiremcnls of the Charities Act. or 2) to which. in my opinion, atkntion should be drawn in ordcr to enable a proper undcysiaiidiii bc reached. of tlie accounts 10 Sarah J Williams FCA THWAITF.S BLACKWELL BtllLF.Y & CO LTI) Chartered Accountants Lynch FArm Tlie Lynch Kenswoith LU6 3QZ
BLANDFORD TRUST ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
BLANDFORD TRUST INCOIMF. AN'D EXPENDITURE ACCOUIJ'T FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME Income frotn Investments Intrrest Received 29,259 605 29,864 28,912 29,030 EXPENDITURE Trust Expenses 1,950 1,940 SURPLUSI(DEFICIT) FOR THE YEAR 27,914 27,090 BALANCE BROUGHT FORWARD 177 S93 150.503 BALAYCE CARRIFD FORWARD 205 507 177 593 CAPITAL ACCOUNT Bal&nce Brought Forward 533,682 539,663 Profitll.oss on Sale of Investment5 (59,725) Balanee Carried Forw&rd 473 957 533 682 We approved thesc accounts on. ... .2025 Signcd on behalf of the Trustees.- .Trustee ..Trustce
BLANDFORD TRUST BALANCE SHEET FOR THF. YEAR F.INDF.r) 31 DF.CF.IIBF.R 2024 2024 2023 INVESTMENTS (see sehedule) 625,622 671,665 CURRENT ASSETS Cash at EFG Harris Allday. Cash at Bank Accrned Interest and Dividend5 Receivable 14,444 39,308 4.375 36,376 799 55,792 Less: CURRENT LIABILITIES Sundry Creditors NET ASSETS 679 464 711.275 Represented By: CAPITAL ACCOUNT 473.957 533,682 INCOME ACCOUNT 205,507 177 593 679 464 711275
BLANDFORD TRUST BALANCE SHEET SCHEDULE OF INVESTMENTS Closing cost 3111212024 Closing Value 3111212024 INVESTMENTS Middlefield Canada Red Part Pref Taylor Maritime JP Morgan Claverhouse VH GBL Sustainable Energv Tritax Big Box REIT PIC Dunedin Inc Growth Primary Health Properties Treasury 4,125% GCP Infrastructure DMS Latitude Global RM Infrastructure WS Guiness Global SDCL Energy Efficency Income Tesco PIC National Grid PIC BBGI Global Infrastructure Royal London Twenty Four Income Fund Cordiant Troy Trojan Income Blackrock World Mining 25000 25000 7000 25000 ioooo 15000 15000 25000 25000 42500 300 15000 20000 5000 2000 22500 40000 25000 25000 40000 6000 25,825.00 £ 20,285.00 44,846.00 26,046.00 15,791.00 £ 44,206.00 £ 21,485.00 £ 24,973.00 £ 23,105.00 60,468.00 28,950.00 19,517.00 22,815.00 13,881.00 19,318.00 35,669.00 37,222.00 26,033.00 16,045.00 67,924.00 31,218.00 £ 29,000.00 £ 19,375.00 £ 49,280.00 £ 16,500.00 £ 13,270.00 £ 40,650.00 £ 13,995.00 £ 24,878.00 £ 17,700.00 £ 66,470.00 £ 22,050.00 £ 23,349.00 £ 10,900.00 £ 18,415.00 £ 19,000.00 £ 28,035.00 £ 37,784.00 £ 27,000.00 £ 22,500.00 £ 69,860.00 £ 28,860.00 £ 625,622.00 £ 598,871.00
DEPEINDENT EXAMINERS, REPORT TO THE TRUSTEES OF THE BLANDFORD TRUST I have examined the financial slalemenls of ilie Blandford Trust for the year ended 31 December 2024 whicli comprise statement of income and expenditure account and balance slieel. Res cctivc Res oiisibiliiics ot Trustees and Examiner The charity's trustccs arc responsible for the preparation of the accounts. The charity's Irnstees consider that an audit IS not requii'ed tor this year undcr section 144 of Ilie Charities Act 20I I (the Charities Act) and that an independent examination is needed. It is my responsibility to.. a) examinc thc accounts under section 145 of thc Charities Ac b) to follow the proccdurcs laid down in the General Dircctions given by the Charity Commission (under section 145(5){b) of the Charities Act, and c) lo state whethei. particular matiers have come to my allcntion. Basis ot" Inde cndcnt Exami ort Ici's. RCL My examination was carried oiit in accordance with General Dii'ection5 givcn by the Charity Commission. An cxarnination includes a review of Ihc acLounting records kept by the cliarity and a comparison of the accounts presentcd with those rccords. 11 also includes considcration of any unusual item5 or disclosures in the accounts, and seeking cxplanalions from thc trustees conccming any such matters. The procCdU s undertaken do not provide all the evidence that would be requircd in an audit, and consequently. no opinion is givcn as lo whether thc accounts prescnt a 'true and fair vicw, and Ihe rcporl is limitcd lo those matlcrs set out in Ili¢ statement below. Ii)d¢ endeiii F.xaniiiicis' Sialciiicni In connection wich my examination, no matlcr has come to my attention. l) which gives mc reasonable causc to believe thai in. any material rcspect, the tNstces have not met thc rcquirements to ensure that. a) propcr accounting records are kept in accordance with section 130 of the Charitie5 Act; and b) accounts are prepared wliich agree with the accounting records and comply with the accounting requiremcnls of the Charities Act. or 2) to which. in my opinion, atkntion should be drawn in ordcr to enable a proper undcysiaiidiii bc reached. of tlie accounts 10 Sarah J Williams FCA THWAITF.S BLACKWELL BtllLF.Y & CO LTI) Chartered Accountants Lynch FArm Tlie Lynch Kenswoith LU6 3QZ