2025-10-31-accounts

LUCILLE GRAHAM TRUST LIMITED

Company Number 2757857 Registered Charity Number 1017034

ANNUAL REPORTS AND UNAUDITED FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2025

LUCILLE GRAHAM TRUST LIMITED Company Number 2757857 Registered Charity Number 1017034 Annual Report and Financial Statement for the year ended 31 October 2025

Annual Report of the Trustees/Directors of Lucille Graham Trust Limited for the year ended 31 October 2025

The Trustees present their report along with the financial statements of the charity for the year ending 31 October 2025. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to those statements and comply with current statutory requirements and the Statement of Recommended Practice: Accounting and Reporting by Charities in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and Update Bulletin 1 (effective 1 January 2016).

Constitution

Lucille Graham Trust Limited is a company limited by guarantee and has no shareholders. It is registered in England and Wales, company number 2757857. The governing document of the Trust is its Memorandum and Articles of Association. The Trust is also a registered charity number 1017034.

Trustees (Directors)

The Trustees who served during the year were as follows:

Esther Cavett - Chair Thomas Hyde – Vice Chair Bridget Palmer- Secretary Philip Davies - Treasurer Christian Flackett Alison Porter Rebecca Redclift Allison Rosser Rosalind Ventris

Registered office

93 Aldwick Road, Bognor Regis, West Sussex PO21 2NW

Bankers

COIF Charities Deposit Fund, Senator House, 85 Queen Victoria Street, London EC4V 4ET Triodos Bank NV, Deanery Road, Bristol BS1 5AS

Investment Managers

Cazenove Capital, 1 London Wall Place, London EC2Y 5AU

Independent Examiner

Matthews Hanton Limited, Chartered Certified Accountants 93, Aldwick Road, Bognor Regis, West Sussex PO21 2NW

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LUCILLE GRAHAM TRUST LIMITED Company Number 2757857 Registered Charity Number 1017034 Annual Report and Financial Statement for the year ended 31 October 2025

Appointment and induction of new trustees

New trustees must be elected individually at board meetings. Upon their recruitment, new trustees are advised of their responsibilities in that capacity and are instructed to visit the Charity Commission website and read the guidance publications available.

Organisation and risk management

The Board of Trustees meets twice a year and makes decisions by a majority of votes. In the case of an equality of votes, the Chair has the casting vote. The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Objectives and Activities

The objects of the Charity as set out in its Memorandum of Association, are to promote, maintain and advance education, particularly musical education and to encourage the arts of music, drama, mime, dancing and singing. When planning activities for the year, the Trustees' have considered the Commission's guidance on public benefit, as published within s17(5) of the Charities Act 2011. Details of the way these objects have been achieved during the year are set out in the review of the year contained in this report and the attached financial statements.

The Trust achieves these objects by allocating grants to organisations undertaking relevant projects.

Charitable donations made during the year totalled £39,059 (2024: £35,200) . Grants were made to eleven organisations undertaking a variety of projects, all in accordance with the objectives of the Trust. A complete list of grants made during the year can be found in Note 5 of the accounts.

Investment Powers

Under the Memorandum of Association the trustees have power to make any investments they think fit.

Financial Review of the Year

The Cazenove investment portfolio recorded unrealised gains of £105,870 over the year ( 2024: unrealised gains of £85,317 ). Investment income and bank interest amounted to £35,447 for the year, compared to £35,959 in 2024. The target income of 4% p.a. on the Cazenove Fund was maintained.

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LUCILLE GRAHAM TRUST LIMITED Company Number 2757857 Registered Charity Number 1017034 Annual Report and Financial Statement for the year ended 31 October 2025

Reserves Policy

The Trustees are satisfied that the accumulated general fund will produce sufficient income to enable them to continue to carry out the charitable objects of the Trust in the future.

Financial Management Policy

The nature and value of the investments and cash deposits comprising the Charity's funds are kept under regular review and an up to date detailed report is presented to the Trustees at their twice-yearly meetings. It is the Trustees' policy to invest in quoted managed funds available only to charities and to hold cash only in accounts designed for charities.

The Trustees have not authorised any fund-raising activities to take place.

Future Plans

The Trustees intend to continue managing the charity as they have done during the period with the intention of meeting the objects and aims mentioned above.

These financial statements have been prepared in accordance with the special provisions of s419(2) of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Esther Cavett ______ Esther Cavett (Apr 17, 2026 21:15:52 GMT+1) _________ Apr 17, 2026 Esther Cavett Date

Esther Cavett Chair

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LUCILLE GRAHAM TRUST LIMITED

Company Number 2757857 Registered Charity Number 1017034 Annual Report and Financial Statement for the year ended 31 October 2025

Independent Examiner's Report to the Trustees of Lucille Graham Trust Limited

I report on the accounts for the year ended 31 October 2025 as set out on pages six to twelve.

Respective responsibilities of trustees and examiner

The charity's trustees (who are also directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under s144(2) of the Charities Act 2011 and under Part 16 of the Companies Act 2006) and that an independent examination is required (under s145(5)(b) of the Charities Act 2011).

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

• i. examine the accounts under Section 145 of the 2011 Act

• ii. follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and

• iii. state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statements below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention

1. which gives me reasonable cause to believe that in any material respect the requirements i. to keep accounting records in accordance with Sections 386 and 387 of the Companies Act 2006; and ii. to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394, 395 and 396 of the Companies Act 2006 and the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or

2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Matthews Hanton Limited Chartered Certified Accountants 93 Aldwick Road Bognor Regis West Sussex PO21 2NW

Matthews Hanton Limited Matthews Hanton Limited (Apr 20, 2026 08:12:31 GMT+1)

Apr 20, 2026 Date: ________

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LUCILLE GRAHAM TRUST LIMITED

Company Number 2757857 Registered Charity Number 1017034 Annual Report and Financial Statement for the year ended 31 October 2025

BALANCE SHEET as at 31 October 2025

		2025			2024
	Note	£	£	£	£
FIXED ASSETS
Investments	2		965,367		866,497
CURRENT ASSETS
Cash at bank and in hand		1,873		16,136
LIABILITIES
Creditors:
Amounts falling due within one year	3	0		(16,680)
NET CURRENT ASSETS			1,873		(544)
TOTAL ASSETS LESS			967,240		865,953
CURRENT LIABILITIES
TOTAL NET ASSETS			967,240		865,953
THE FUNDS OF THE CHARITY
Unrestricted capital and reserves	8		967,240		865,953
TOTAL FUNDS			967,240		865,953

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LUCILLE GRAHAM TRUST LIMITED

Company Number 2757857 Registered Charity Number 1017034

Annual Report and Financial Statement for the year ended 31 October 2025

BALANCE SHEET as at 31 October 2025

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The Trustees have not required the charitable company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The Trustees acknowledge their responsibilities for:

i. ensuring the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006; and

ii. preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year in accordance with the requirements Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

These financial statements were approved by the Board on 15[th] April 2026 and were signed on its behalf by:

Philip Davies ~~___~~ Philip Davies (Apr 18, 2026 14:25:32 GMT+1) __

Philip Davies Treasurer

Esther Cavett ~~___~~ Esther Cavett (Apr 17, 2026 21:15:52 GMT+1) __

Esther Cavett Chair

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LUCILLE GRAHAM TRUST LIMITED

Company Number 2757857 Registered Charity Number 1017034 Annual Report and Financial Statement for the year ended 31 October 2025

STATEMENT OF FINANCIAL AFFAIRS for the year ended 31 October 2025

Note Income from Investments Total Income Expenditure on Charitable activities 5 Governance costs 6 Administration expenses 6 Total Expenditure Investment asset gains/(losses) Net Income/(Expenditure) for the year Net movement in funds 8 Total funds brought forward at start of period Total funds carried forward at end of period	Unrestricted Funds 2025 £ 35,447 35,447 39,124 764 142	Total 2025 £ 35,447 35,447 39,124 764 142 40,030 105,870 101,287 101,287 865,953 967,240	Total 2024 £ 35,959
			35,959
			35,320 697 0
	40,030		36,017
	105,870 101,287 101,287 865,953 967,240		85,317
			85,259
			85,259
			780,694
			865,953

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LUCILLE GRAHAM TRUST LIMITED

Company Number 2757857 Registered Charity Number 1017034 Annual Report and Financial Statement for the year ended 31 October 2025

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 October 2025

1. ACCOUNTING POLICIES

Accounting convention

The financial statements are prepared in accordance with applicable accounting standards under historical cost convention with the exception of investments which are included at market value, and in accordance with the Charities Act 1993, and the Statement of Recommended Practice: Accounting and Reporting by Charities in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and Update Bulletin 1 (effective 1 January 2016).

Exemption from preparing a cash flow statement:

Exemption has been taken from preparing a cash flow statement on the grounds that the charity qualifies as a small charity.

Incoming Resources:

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income, the amount can be quantified with reasonable accuracy and it is more likely than not the charity will receive the resources.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be attributed to a particular heading they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from taxation on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives of the Trust.

Valuation of investments

Investments, as noted below, are managed unit funds and are valued by the managing entity at market value.

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Company Number 2757857 Registered Charity Number 1017034

LUCILLE GRAHAM TRUST LIMITED

Annual Report and Financial Statement for the year ended 31 October 2025

2. INVESTMENTS

Cost Market value at start of period Additions Disposals Unrealised gains/(losses) during period Market value at end of period	2025 £ £ Fixed Asset Investme nt Current Asset Investmen t 750,323 19,900 846,597 19,900 - - - (7,000) 105,870 0 952,467 12,900	2025 £ Total Investmen t 770,223 866,497 - (7,000) 105,870 965,367	2024 £ Total Investmen t 770,323
			781,280 - (100) 85,317
			866,497

3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accrual for grants awarded Other creditors	2025 £ - - -	2024 £ 16,000 680
		16,680

4. SHARE CAPITAL

The Company is limited by guarantee and has no share capital.

5. DIRECT CHARITABLE EXPENDITURE

Grants to institutions Website	2025 £ 39,059 65 39,124	2024 £ 35,200 120
		35,320

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Company Number 2757857 Registered Charity Number 1017034

LUCILLE GRAHAM TRUST LIMITED

Annual Report and Financial Statement for the year ended 31 October 2025

5. continued

All grants were made to fund musical education activities, including the following:

Music Masters Grounded Sounds Live Music Now Citizens of the World Choir Matthew Barley Arts Foundation National Youth Theatre International Guitar Foundation New Future Collective - Hackney Showroom Barbican Centre Trust Music in the Round East London Metropolitan Opera Pimlico Musical Foundation Brixton Chamber Orchestra Protein Dance Aurora Orchestra Nucleo Blackheath Halls English National Opera Streetwise Opera Link in my bio productions London Handel Society	2025 £ 4,000 5,000 3,731 3,000 3,000 5,000 3,970 2,000 2,000 4,358 3,000 39,059	2024 £ 3,000 5,000 3,500 3,000 2,700 1,000 4,000 5,000 5,000 3,000
		35,200

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Company Number 2757857 Registered Charity Number 1017034

LUCILLE GRAHAM TRUST LIMITED

Annual Report and Financial Statement for the year ended 31 October 2025

6. GOVERNANCE COSTS

Independent examination of accounts Administration and bank charges Meeting costs	2025 £ 692 72 142 906	2024 £ 680 17 - 697

7. RELATED PARTY TRANSACTIONS

Trustees are not remunerated and no trustee was reimbursed during the year for expenses in relation to their work as trustees.

8. UNRESTRICTED FUNDS

Balance brought forward at start of period Incoming resources Resources expended Investment gains Balance carried forward at end of period	2025 £ 865,953 35,447 (40,030) 105,870 967,240	2024 £ 780,694 35,959 (36,017) 85,317
		865,953

9. CONTROLLING PARTY

The Company is under the control of the Board of Trustees.

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Lucille Graham Trust Annual Report and Financial Statements 31 October 2025

Final Audit Report

2026-04-20

Created: 2026-04-17 By: Matthews Hanton Limited ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAAKWY3l62WvsZ06m5XHLHG9ughwCoynBU4

"Lucille Graham Trust Annual Report and Financial Statements 31 October 2025" History

Document created by Matthews Hanton Limited ([e-mail]) 2026-04-17 - 11:00:39 GMT

Document emailed to Esther Cavett ([e-mail]) for signature 2026-04-17 - 11:01:32 GMT

Email viewed by Esther Cavett ([e-mail])

2026-04-17 - 20:15:26 GMT

• Document e-signed by Esther Cavett ([e-mail])

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• Document emailed to Philip Davies ([e-mail]) for signature 2026-04-17 - 20:15:53 GMT

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