Unaudited Financial Statements The Blackburn Trust For the year ended 30 June 2023 The Blackburn Trust Contents Page Rgference and admlnlstrative details of the Trust. its Trustees and advisers Trustees. report Independent examlner's report statement of financial activities Balance sheet Note5 to the financial statements 9-15 The Blackburn Trust Reference and administrative details of the Trust, Its Trustees and advisers For the year ended 30 June 2023 Trustees Rogcr Courtney Iqric Abbott Siobhan Fit£patrick Vxlerie NlcGuFE Kate Ingram Heather Knrjx Julie Healy Clcavu Fulton R2nkin Trustees limited, (AdministratilTe Trustec) Charity reglstered number 101303 Principal office aeaver Fulton Raokin Trustees IAmited 50 Bedford Street Belfist BT2 7FKV Accountants Grant Thornton Cliartered Accountants 12 - 15 Doncgall Squarc Ivcst BelEast BTI 6JH (ND LLP p￿e1 The Blackburn Trust Trustees, report For the year ended 30 June 2023 Tlie Trustees present theAr report together iVAdi die fin2ncial statements of tlie Trust for thc )FcAr l Jul), 2022 to 30 Junc 2023. The ChAIity registered number is 101303 and the registered oFFicc is 50 Bcdford Street, Belfas¢ BT2 7NII. Objectives and actlvities Policies and objective5 Tlie Trust's objective is to mana8e dic tniiestnients and p%}1 tlie net income from tliosc Anirc5tmcnt5 for thc bcncfit of 5uclI cliaritable institutions as thc Govcining T￿￿tecS shall direct. b. Main activltles undertaken to further the charity's purposes for the public beneflt Tlie Ttust's purposc is to manage the investments and PAY tlie net income from those investn]ent5 For die benefit of sucli cliantable institutions or charitable foundation5 %S the Goirerning I"rustees slilill dii'ect. Tlie direct beoefits Ivliicli floiv arc thc fts]qncial qssist1nce ro tlje cliarities aod thc pcople tlicy bcncfit. Tlic benefits are evidenced througli feedback Eroin tlie Ch￿itIeS. Achievements and performance a. Review of activities Tlic trust continued to n]anage investrttents and prowde funds to tlic Govcrning Trnstees during tlie year, and the TIu5tee is pleAsed ividi tlie results of tl)e Trust t1￿0￿￿10ut the )reAr. b. Investment pollcy and performance 'I'lic Tn15t inanqge5 a sliire portfoho Ind pays the net incomc 8cncratcd froni tliqt portfolio to die cliiritible institutions or cliarit41ble loundlltions as the Govcrning"I'n]stees direct. Nuiiierous applic3uons are subiiiitted to die Goirerning Tru5tecs t1￿ce timcs per }pear 2nd p2yments are made to tlic 5UCCC55tul cliaritable applicants on eqcli Occasion. Financial teview During tlie ye21 die trust made a bss of £15.402 (2022 - £37,244). At the end of die }Fear die Twst Iiad net 11 ssets of £320.517 (2022 - £335,919). a. Reserves policy The Trust liolds reserves sulficient to meet die dA}F to da)F rcquirements of operations. b. Golng Concern After making appropriate enquiiies. die trustees hswc a reasonable expectation tl)at the Trust lifts adequate resources to conunue in oPe[￿tIonal cxi5tcnce for tlie foreseeable future. For this rcason thc)T continue to adopt tlie going concern basts in preparing the financial shtemcnts. Furthu details iegarding tlie adoption of tlie going concern basis CSLn bc lound in the Accounting Policies. PaJe 2 The Blackburn Trust Trustees, report (continued) For the year ended 30 June 2023 Structiite) govemance and management Constitutlon Tlic Trust is g()verned under the Trust Deed dated 10 June 1969. Tlie TAusVs objcctivc is to iiiaIia8c LILe iiivtsixIieiiiS P'AY oi apply tIIc LThpiixI or dLe iieL lllLuiiie IIDiii iliose inire5tmcnts to or toivards or for the benefit or furtherance of such c112ritable institutions or cliarAtable foundation5 as the Governing Txustees shall dArect. There haiTe been no changes ill thc objectives since die ]ast Annu21 repoit. b. Methods of appointment or election of Tru5tee5 The manAgcmcnt of the trust 15 the iesponsibility of the Trustees ivho are dected and co-OPted under die term5 of die Trust Deed dated 10 June 1969. Cleaver Fulton Rankin Ttustees IAmited ivas tlic Admini5trativc Trustcc of dic T￿￿t during tlic current And prior year. The folloiving ivere Goveming Twstees during the current and prior year: Roger Courtney Iarie Abbott Siobhan Fitzpatrick Valerie NIcGuEfin Kate Ingram He2tlier Knox Ju]ke Heal), p￿e3 The Blackburn Trust Trustees. report {contlnuedl For the year ended 30 June 2023 statement of Trustees. responsibilltles Tlie Trustees is responsible lor preparing the Trnstees, report and the financial statemcnts in accordstncc ivtdi 1pplic2ble laiv And United Kingdom Accounting Standard5 (Unitcd Kingdoin Generally Accepted Accoutiting Practice Tlie 12iv applicabje to charitie5 in NoIdiern Ire12nd requires tlie Trustees to piepare financial statcn]ent5 foi eacli F￿ancI￿71 ivl]icli 8iiFe 2 true ind fair vieiv of tlie state ol alfairs of die Trnst OF its incoining resources and appliC￿tion of Kesources. including its income cxpenditure, for tl)at period. In prcparing tlicsc financfjal statements. the Trnstees are required to: 5dect suitable accounting poJicAes 2nd thcn Apply diem consistently: observe the method5 principles of tl)e Cl)#rities SORP (FRS 102); make judgemcnts And accounting estimates that 2re reasonAblc and prudcnt" state ivlietlier applicAble UK Accounting Standards (FRS 102) have been folloived. subject to an), iiiatcrlal dcpqrttlrcs disclosed and explained in the financial stli tcnients- pTcpqre tlie fm2nnal st8tetJients on tlic going concern basts unle55 It is inappropriate to presiiirje tlil¢ t tlie Tiust ivill continue An business. Tlie Tiustees is tesponsible lor keeping adequate accounting records that Rrc sufficient to 51ioiv and explain tlie Tru5es transactions nd disclose ivitli reA50niqble accuracy at an), time tl)e financial position of tlic 'frust aTLd cnablc diem to ensuic tliat tlic tLaqllcÈ215tatenients compl)i ivitii tl)e CIIxiJucs Act (NOidi￿n lielaod) 2008, tlie Cliaiities (tlccounts And Repoits) RegulTr¢ tions (Noiil)ern IrelAnd) 2015 And tlie proiFisions OF tl)e "I rust deed. "I'lie)T iie 411so responsible for safc8uarding dic a5scts ol tlie Trust and lience for takiog rcasonablc steps for tlic picvcntion nd detection of li%ud aThd otlier ￿[egul2rAtIe$. Approved by order of tl)e members of the board of Trustee5 on 29 April 2024 and signed on tlieir beh21f by. Cleavet Fiilto (rrustee) Rankin Trustees limited Page 4