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THE BLYTH CHARITABLE TRUST

Registered charity 1176537 · accounts filings on the Charity Commission register

Latest income
£365k
Latest spending
£407k
Registered
2018
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that free reserves were a surplus of £62,992, which the trustees consider sufficient given the availability of the expendable endowment fund. The charity reported total incoming resources of £367,435 and total resources expended of £403,152, resulting in a net movement in funds. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.

What the accounts disclose

Reserves policy: no significant free reserves (held: £63k)
“Given the availability of the expendable endowment fund the trustees do not consider that the charity needs to maintain any significant free reserves although they recognise that such reserves will arise from time to time.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Ludlow Trust Company Limited charged the charity £36,013 for administrative services. The document states: 'Other than the fees noted above, no remuneration was paid to nor expenses paid to or on behalf of any trustee during the period under review.' Ludlow Trust Company Limited is the corporate trustee, and its directors are listed as trustees. The payment was for administrative services provided by the corporate trustee entity, not direct remuneration to individual trustees for their trustee roles, nor payments to a trustee-connected business distinct from the corporate trustee itself. However, Note 6 explicitly lists this as a related party transaction involving the corporate trustee. The prompt rule 6b says 'present=true ONLY where one or more trustees received REMUNERATION or payment for services (or payments flowed to a trustee-connected business)'. Ludlow Trust Company Limited IS the corporate trustee. The payment flowed to the corporate trustee. Is the corporate trustee a 'trustee-connected business'? It is the trustee itself. The rule distinguishes between 'reimbursement of out-of-pocket expenses' (not a payment) and 'remuneration or payment for services'. The £36,013 is for 'administrative services'. This is a payment for services to the corporate trustee. Therefore, present=true.
“During the year under review Ludlow Trust Company Limited charged the charity £36,013 (2023: £40,666) for administrative services with £7,779 (2023: £7,564) accrued at the balance sheet date. The Trust has no employees, all administration being carried out by the trustees. Other than the fees noted above, no remuneration was paid to nor expenses paid to or on behalf of any trustee during the period under review.” — page 16
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Administrative services
“During the year under review Ludlow Trust Company Limited charged the charity £36,013 (2023: £40,666) for administrative services with £7,779 (2023: £7,564) accrued at the balance sheet date. The Trust has no employees, all administration being carried out by the trustees. Other than the fees noted above, no remuneration was paid to nor expenses paid to or on behalf of any trustee during the period under review.” — page 16
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Blue Spire Limited.

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
18/12/2025£365k£407k
18/12/2024£367k£403k
18/12/2023£307k£338k
18/12/2022£175k£395k
18/12/2021£179k£389k

Common questions

Is THE BLYTH CHARITABLE TRUST financially healthy?

The accounts state that free reserves were a surplus of £62,992, which the trustees consider sufficient given the availability of the expendable endowment fund. The charity reported total incoming resources of £367,435 and total resources expended of £403,152, resulting in a net movement in funds. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Blue Spire Limited.

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