The Blackburn Trust
Statement of ffftancial activities
For the year ended 30 June 2023
Restricted
fuiids
Total
fiinds
2023
Totlll
funds
2022
2023
Note
Income from:
Investments
11,835
11,835
10,762
Total Income
11,835
11,835
10,762
Expenditure on:
Charitable activities:
Direct costs
GoiTernance cost5
6,662
6,790
6.662
6,790
9,942
2.003
Total expenditure
13,452
13,452
11,945
Net expenditure before net losses on investments
Net losses on initestments
(1,617)
(13,785)
(1,617)
(13,785)
(1,183)
(36,061)
Net movement In funds
(15,402)
(15,402)
(37,244)
Reconciliation of funds:
Total funds biought foThvard
Net movement in fiinds
335,919
(15,402)
335,919
(15,402)
373,163
(37,244)
Total funds carrled forward
320,517
320,517
335.919
All amounts rel￿te to continuou5 operations.
ie Statement of financial activtties includes all gains And losses recogtwed in the yeu.
Tkie notes on pages 9 to 15 lorm part ol these fin2nciAI statements.
PaJe 7

The Blackburn Trust
Balance sheet
For the year ended 30 June 2023
2023
2022
Note
Fixed assets
Investments
309,010
321.616
Casl) 2t bank and in hand
13,907
17,861
13,907
17,861
Ctcditors: amounts falling due ivithin onc }pcat
(2,400)
(3.558)
Net current a55ets
11,507
14,303
Total net assets
320,517
335,919
Charity funds
liestrictcd funds
io
320,517
335,919
Total funds
320,517
335,919
'riie financial st￿teMentS l)ave been prepared ift accordance widi the provtslons of fRS 102 Section IA _ small
entities.
Tlie fth2ncial statements ivere approved 2nd authorised for issue b), tl)e Trustees on 29 April 2024 and signed on
tlieir belialf b),:
Clcavet Fiilto
(rrustee)
nkin Triistees limited
Tlie notes on pages 9 to 15 form pArt OE these financial statements.
P8Je 8

The Blackburn Trust
Notes to the fmancial statements
For the year ended 30 June 2023
General Information
Tlie Blickburn Trust is an unincorpoiated trust. Its ptincipal office is 50 Bedfoid Strcct, Belfist. BT2 7FIYI
and it lias a cliarity registration number of 101303.
Aecountlng policiès
2.1 Basxs of preparation of financial stateftnents
The financial statements are prepared on a going concern basis. under tlie histoiic21 cost convention
unless otlicThvi5C notcd in the Accouniing policics bdoiv. The), Iiave been preP￿ed in accordance Trvith
Applicable laiv and accounting standaids issued by die Finaacial Reporting Council, induding FRS102
"The Financial Reporting Stafkdard Applic*ble in tl)e UK and RepublAC of Ireland" ("FIRS102'?, gnd tl)e
Statement OF Recommended Practice - Accounting and Reporting by clI￿ritiCS, cflccti&Fe l January 2019
C'SORP.?.
The financial statements are presented in Sterling (Q.
The Blackburn Trnst constitutes ￿ pubjic benefit entityp as defined by FRS 102.
2.2 Going concern
The trustees have assessed that The Blackburn Trnst IIR5 Adequate resource5 to meet die ongoing costs
OF the cntity lor A minimum of 12 months from the date OE signtng tlie financial statements. for t1115
reason tlic financi￿ stAtcments IiaiFe been prepared on A going concern b25is Ivliidi piesunies die
realisation oEassets and liabilities in the noimAI course of busAness.
2.3 Income
All income is rccognised once the Tn￿t has entidement to the income, it is probable tliat die income
vill be Ieceived and the amount of incomc IcccivAblc can bc measured tcliabl),.
Income tax iecoverable in relation to investment income i5 iecognised 2t the time tlie investment
income is ieceivAbk.
Investment iThcome 15 induded Ivl)en receAv?ble.
2.4 Exponditurg
Expenditure is tecogniscd once tliere ts a legal or con5tructiir obli£ation to trao5fcr cconotnic bcneFit to
third party, it is probable that A transleI of economLC benefits ivill be iequired in settlement and tlie
Amount OE the obligAtion can be meAsured reliabl).. Expenditure is da5sificd by activity. Tlie costs ol
each 2CtiVity are made up of the total ol direct costs and shared costs, including support costs ioiyolired
in undertaking cach actiipit),. D￿ect costs attributablc to A single actiiuty ATC allocated directl>r to diat
ctiVAty,. Sh2Ked costs ivhich contribute to more than one 2ctiiryt)t and suppoit costs ivhicli aic not
Attributable to a single activity are apportioned bettveen diose activities on a basis consistent ivitli tlie
use of iesources. Central stalf costs arc allocated on the basis of time spent. and dcptcciAtion cl)arges
allocated on the poition ol the assevs us
Goirernance costs include those costs associated with mecting the constitution21 and statutory
requirements of die trust.
All expenditure A5 indu5ive of iErecover2ble VAT.
PaJe 9

The Blackburn Trust
Notes to the fmancial statements
For the year ended 30 June 2023
Accounting policies (continued)
2.5 Invastments
Fixed asset investmcnts Arc A Foitn OE financial instrLiinent and 2re Alliti2lls1 reco￿[sed at tlieir transaction
Cost And Subsequently measured at f2ir v31ue at tlie Balance slieet date. unlcs5 tEie iTaluc cannot be
mellsured Ieli11bl)' in ivl]ich ckse it is meqsured At cost less Jtnpairmenc. Jniresiment gains 1¢ nd losses,
vhcdicr rcali5cd or unrealised, 2re combined and presented as 'Gains/(Lo ) on invc5UncAts' in thc
5SCS
Statement OF financial activitics.
2.6 Cash at bank and in hand
C*sli at bank and in hand includes cash And short-terin l]iglil}' liquid investsnents ivid) 2 slioit m41turity
of diree months or less from the date ol acquisition or opening ol thc dcposit ot siii]ilRr accoiint.
2.7 Liabilities and provisions
Liabilities are recogoised ivhcn tlicrc is an obligation at the Balance slieet dite as a result OE a pist eiFent,
it is probable tliat 2 transfer of cconomic bcncfit ivill bc rcquitcd in 5cttlen￿nt, and die all￿u￿t OE die
settlement C2n be estitnated rcliably.
Liabilttics arc rccogoised At die Aiiiount tl)At tlie Trust anticipates it i¥ill PA), to setde tlie debt oi tlie
ainount it lias receiired as advanced payments fr)r tlie good5 or scrvicc5 It inust proiFide.
Provisions are tneisured at the best estimate of tlic aniounts reqiiired to setde die obligation. Illhere the
eFfect of tlic timc ITAlue of money ts Mater￿1, tlie provision is based on die piescnt IT411uc of tliose
Imounts, dtscounted t die pre-tax discount rAte that reflects tlie rtsks specific to tlie liability. Tlie
univinding OF tlie discount is recognised ￿ die Statement of f￿anCIal activities as a fu)14 nce cost.
2.8 Fund accountSng
Gcnerql fund5 Arc unrestricted funds ivhicli are airaiiable For use at dic discretion of tlic TIu5tCC5 i
luitherance of the geTheral objcctiVC5 of thc TIu5t And ivl)tcli liave not been design2ted for odier
PUfP05CS.
Restricted funds are funds ivhich are to be used in Accordance ividi speclfic restrictions imposed by
donois or ivhlcli havc bccn raiscd by die Trust for p2rticu12r purposes. The costs of rliising and
administering sucli Eunds are cl)atged against the specific Eund. Thc aim and use of eacli restLiCtcd fund
is set out in tlie notcs to tlic [￿&[1clAI statements.
Page 10

The Blackburn Trust
Notes to the F￿ancial statements
For the year ended 30 June 2023
Crltlcal accountln9 estlmates and areas of judgement
EstimAtes And judgements are required ivhen applying Accounting poIicfic5. Thesc arc continuall}T ClTaluated
nd based on lllstorical exp￿ienCe ind otlier factots. including expectations of events dJAt are
believed to be rvdsonlble under tlie circum5tanCC5.
Tlie trust makes estimates and assumptions concerning thc future. Ivhich can involve a l)igli dwee OF
judgement oi complexity. The rcsulting Accountiag estimates ivill, b). de£￿ItiOn, sddom equtd die related
actual results. The estimates 2nd Assumptions diat liairc a significant risk of c2using a materfial adju5tmcnt to
dic cArr)Ting amount5 01 asscts and liabiltties ivithin the next financial }iear are addiessed beloiw.
Fair valiie of investments
Uses vArious valuation techniques to deterniine the f#kr value of [￿ancIal insttuments (Ivhere active market
quotes are not kvailable) and non-financial Assets. This involves developing estimAtes and assumptions
consi5tcnt ivitli IioTrv inarket partictP￿ntS ivold price tlie instrument. llie trvstee bases its assumptions on
obseivablc datA as FaI as possible but diis ts not alivi)Is available. In diat case, min2gement uses tlie best
inlormation available. Estimated faix values m2y v%w. fiom the Actual prices tliat ivould be kchieired in an
Arn]'s length transactiOlI at the reporting date.
Investment income
Restticted
fiinds
2023
Total
fiinds
2023
Listed investments
Intciest recetved
10.042
1.793
10,042
1,793
Total 2023
11.835
11,835
Restricted
Funds
2022
Total
funds
2022
Li5tcd investsnents
Interest reccivcd
10,759
10,759
Total 2022
10,762
10,762
Page11

The Blackburn Trust
Notes to the fmancial statements
For the year ended 30 June 2023
Analysis of expenditure on charitable activities
Siimmary by fund type
Restrlcted
fijnds
2023
Total
2023
Disbursements to benefici2ry
Inirestment expcnses
Le￿1 1¢ nd professional fees
6.810
2J28
4.314
6,810
2,328
4,314
Total 2023
13,452
13,452
Restrlcted
fi]nds
2022
Total
2022
Disbursements to beneficiary
niTestment expenses
Legal and professional fees
9.942
2,573
(570)
9,942
2,573
(570)
Totil 2022
11,945
11,945
Resources expended
DurEThg tl)e )year, no Trustees received An). remunciation (2022 - £NIL).
Diiritig tl)e }Tear, no Trustee5 received any benefits in kind (2022 - £NIL).
During tlie }TcAr, no Trustees received 2ny reimbursement ofexpenses (2022 - £NIL).
115 dctliilcd in Notc 12, tlic Trnstces received iemuneration foI seThFices ieThdered to tlie Trust in tlie c￿rent
year.
Independent examiner'5 remuneration
2023
2022
Fees P42)Tible to tlie Trust's independent cNaminer loI dic indepcndcnt
cxamioation of d]e Trust's 2nnu21 accounts
J,800
600
Page 12

The Blackburn Trust
Notes to the financial statements
For the year ended 30 June 2023
Fixed asset investments
Listed
investments
Cost or valiiation
At l July 2022
AddLtion5
321,616
43,636
(42,456)
(13,785)
Disposals
Cliange m market value
At 30 June 2023
309,010
Net book valile
At 30 Junc 2023
309,010
At 30 June 2022
321,616
Creditors: Amounts falling due within one year
2023
2022
Accruals and delerrcd income
2,400
3.558
Page 13

The Blackburn Trust
Notes to the fmincial statements
For the year ended 30 June 2023
40.
statement of funds
statgmgnt of funds- current year
Balance at I
Jiily 2022
Gains/
Balance at
(Loi>l>Cb) 30 Jiinc 2023
InLomc Expcnditiirc
Re5tticted fiinds
Restticted Funds - all fund5
335,919
11,835
(13,452)
(13,785)
320,517
Statement of funds - prior year
B212nce at
Gaxns/
Balance at
(Losses) 30 June 2022
l Jul}, 2021
Income Eypenditure
Restricted fiinds
Restticted Funds - ldl funds
380,963
.800)
10,762
(19,745)
7.800
(36,061)
335,919
Odier Restricted funds
373,163
10,762
(11,945)
(36,061)
335,919
Page 14

The Blackburn Trust
Notes to the fmancial statements
For the year ended 30 June 2023
11.
Analysis of net assets between funds
Analysis of net assets between funds - current year
Restticted
fiinds
Total
Aiiids
2023
2023
FiNed asset investments
309,010
13.907
(2,400)
309,010
13,907
(2,400)
Current assets
editors due ivithin one star
Toial
320,517
320,517
Analysis of net assets between funds - prior year
RestrLCted
lunds
2022
Total
funds
2022
Fiked asset inirestments
Current assets
321,616
17,861
(3.558)
321,616
17,861
(3.558)
Cieditors due ivitl]in one year
Total
335,919
335,919
12.
Ralated party transactions
During dic year to 30 Junc 2023, legal fees of £5,400 (2022: D.600) Ivere paid to Cleaver Fulton Rankin
sollcitors. Cleairer Fulton Rankin Trustees IAmited is the AdministratiiFe Tiustee of die tru5L
Page15