CHARITY REGISTRATION NUMBER: 297616 The Pauline Aviges-Graham Foundation Unaudited Financial Statements 31 March 2025 CHAMBERLAINS UK LLP Chartered Accountants 173 Cleveland Street London UK W1T6QR
The Pauline Aviges-Graham Foundation Flnancial Statemènts Year ended 31 March 2025 Pages Trustees, annual report Independent examinerfs report to the trustees Staten*nt of fmancial activitses 1to4 Statement of fmancial position Notes to the financial statements 8t012 The followlng pages do not fomi part of tho financlal statements Detaikd statement of financial activities 14 Notes to the detailed statement of financial activitss 16
The Pauline Aviges4raham Foundation Trustees. Annual Report Year ended 31 March 2025 The trustees present ther report and the Unalited financial statemts ofthe chforthe yearended 31 March 2025. Referen¢0 and admlnlstratlve detalls Reglstered charity namo The Pa1n8 Avwrahgm F¢)undation Charity rnglstrallon numb•r 297615 Prlnclpal oflke 16 Yoakley Road stoke Nthvinglon London N16 OBA Unrted The trust•es Mrs A Tappas Mr K Tappas Mrs M Ln05 Indgpenthnt examlner Shammir Shah chaMdaInS UK LLP Chartered AcnIarS 173 ClevelarKI Slre¢t UK W1T6QR Structhre, goVernaE and management Governing DoGumenl The Pauline Avige5Qraham FlatIn is constituted urmler a D&kration of Trust Deed dated 23rd AUSt 1987 as amended by resolutions datejj 18 Seplember2001 and 23 Juty 2LN)7 al is a registered charity under Ihe registration number 297615. Appolntment of Tnteg5 The Foundatwjn shdl hwle at ltrweetrustees. Ebwfuluretrustee shall be appointed by a resolution of the trustees passed at a speual meeting. In sele(Aing persorts to be appointed as trustee5. the tnths shall take into account the beneffts of apwnlirKJ a perSLm who able by virtue of his or hgr personal or professk)nal qUalrfKati0 lo make a cOntUtIon to the pursuit of the obiects or the management oftr charfty. Public Benofft Ststement In &cordance with the Charities Ad 2011. ts trustees cothmi that they h grrfen dug consthration to the Charity commi55K Public 8en8fft Guid as 18qur 4 of the charit Act 2011.
The Paullne Aviges-Graham Foundation Tw8tees' Annual Report{¢onllftu Year ended 31 March 2026 ObJe¢tlves and actlvltle8 The objectfve$ of the charity is forthe advorKemenl of education and far the relief of poverty. Th8 strategies employed to achieve the Gharity'8 obiectivas are as follows.. to provide or assi81 th8 provi$Son of money. matsrfals or other help towords rellof of povety; to enquire into Iho materfal and aducatlonal needs,. lo promote the establishment or maintenance of Charitable in8lkute8. colleges or 8chools and the holdlng of events such as seminars. cour898, confererKe8 and work5hops', to provhle book# and leaching rnoteri218 of any klnd; Irrf} {v) to provth s¢holarnhips, bur8arfe8 or other asslstanca: (vil to publicAtion of books, films, tape8 or other publNllon8' (1) to cwperale or collaborate wlth other p•r8ons ar organlsatlon8 for the purpo8• of advanclng the objects of the charity,. and (11) 10 6ng8ge. employ, consult or retain such pernon or per8on8 for lh8 Purp of advanclng the objects of the charity., Achl•v•rn•nts •nd perforni4nc• Tho Tru8lee8 of the Chaty have Conllnued lo a88e88 the need8 of varlou$ charltle8 during the yoar and made charftable donations of £30,000 In lolal lo History ofWomen'8 Liberallon, Hackney Migrant Centre and Scafamouche s8iThng Trust. The Truslees have staled that they will continue lo a88888 th• n0•d8 of various charillo$ in th• forthcoming financial yearwilh a view to moking charft8ble donalk*n$. aolng con¢•rn The trustees belleve Ihat duo to Ihe avallabllrty of r88erve8, th8re are no material uncertainlteB About the charty's ability lo continue for al18881 thè next 12 months from the date of this report. Rl8k minaoomonl The trustees have a rlsk managom8nl strategy whtch compri8e8.' an annual review ol the major r18ks the charty may lace., the establishment of sy8tèms and procedu8 degigned to mitp3ale major riBk8', the implemenlatlon of procedurgs designed to minimise any polentlal Impact on tho chortty should those rr&ks materiall8e.
The Pauline Avlges4raham Foundation Tntstees. Annual Report Year endad 31 Plarch 2025 Flnancial revtew During the year. ts Charty recei4&1 dNKlends. interest aThl InVestrr income of £119,387 (2024: £109,948). The charty had also made charitsble do1wtK of£30.(KIO (2024: £30,OIYJI. R•sefveg polky The total resèrve funds as 0131 March 2025 stood * £3,434.338 (31 Mwth 2024: £3,348,289) and all the reseNes are unrestrKed ie. they can be aPpld al the disuetion ofthe trustees. The charity onty has unreslrthd fvnd8.ll has the poly of keeping suknnt furKts to cover atleast two years estimat expendrture. This has been nwntalld during the year. The rest of the unrestr¢cted funds. are avaibblo to be paKI ¢xrt in charitable donatiTh. The8e fiKKts we regukty revitred by the trustees. Plans for future perh)ds The Tnjstees wll ensure that the fiThls invested by the F(MThlakn geate a 8te retum which can be uwj to achwe the FourKlalion's obpctNes. Tnth's rnsponsibilities statw The trustees are responsble for prep8rry the tnBtees' rewrt arttl the finartial Statements in accordanee with aPp]Kab and unrt Jd0M Accounting Standards (United Kingdom Generalty Accepted AccAlUntitYJ Prth). The law applicabk to charities in England W requires the chity truskes to prepare financial statements for each year whKh 9Tr a true ard fair view of the sta& of aff8irs of the chwty arml of the incomiry resources arKI appl1 of resources. of the charity for that perh. In preparing these finarla1 slements. th8 trustees are required to: Se suitable aecounlrwJ polrcies and Ihen Aiply them CO1¢n. observe the methods and prirKples in the appl Charttw SORP: stale whether applicable UK AccountwwJ Standard5 h¥4e been fOlknd, subiwA to any material departures disclosed and expbined in the financHI statemrts.. prepare the financHI st8teffl on the goirYJ concwn ba515 unless It is inwopri to presume that the charty 11 continue in business. The Irustee5 are respons*>ie for keeping records that we SUffient to shcm and explain the charity's transactions and disclose with reasonabkn xcuracy at any time the financHI posilh?n ofthe charity enabk to ensure that the finala1 statements compty wtth the Charflbs Act 2011, the aPpble Charthes (Accounts and Reports) Regulatw%, the prS1On$ of the Trust Dee(l. TW are also responsible for Safeguarding the assets of thg charity and henca for taking reasonable steps for the prevention and deterthn of fraud and other irregularities.
The Paullne Aviges-Graham Foundatlon Trustees, Annual Report (cle) Year ended 31 March 2026 The truslees. annual report was approved on 6 March 2026 and Sigrd on behalfofthe board oftru8tees by.. Mrs A Tap Trtea
The Paullne Avlg8s4raham Foundation Independ•nt Examlnerfs Report to the TruBto•• of Th Paullne AvIgM43ralm Year •nded 31 March 2025 F1lon I1 th•nty) f¢r ts year 31 Mwch 2025. I repcrft in wpacl ol my examin•th)n of th• ch•nty'• frn11 statoffnts c•rried out under ••ctlon 145 of the 2011 h£t and in c•rryiry out my examinan I fokn•d •ll trw applr•bkn given by Ilw Chwity conthn under $•c1K 1451SXb) A connection wtth th• •x•minatton caw to b8lve th•t in mthrial reip&#'. accountlNJ Mcorth were not k•pt kn r••p•cl of the chwy u r•qulr•d by 130 01 tha and content ol )Unts set (XA h) ttrrft Ch•ritw (Account• and RepNts} Regul•tKM 2008 otrr than ary rnquwwnent that th• rKcountS gr a f•irf VV4T l• • m•tt¢r consered as part of an indynd•nt oxwnination. •ttenliDn sh in thK• rw kn tyd•r b wwblo • prr41w thtdIng of th• be Shammir Sh8h Ch*nberlaln8 UK LLP Charternd Accountants 173 CbThwLwKI Stro8t London UK W1T8QR 8 March 2028
The Pauline AVigesraharn Foundatlon Statement of Flnanclal Actlvltles Year ended 31 March 2025 2025 2024 funds Tot•1 funds Total fund$ Income and ondowments Investment inc¢ 119.367 119.367 119,367 119.367 109,948 109.948 Total Incomg Expondttur• Expenditura on raislNJ funds.. Investmènt management costs Expendituffj on charrtable aclivit6 Total exp•ndllure 33.531 35,212 33,531 36,212 68,743 31,396 33,920 68.743 65,316 {gaInSe$ on Inv86trYnls (35.424) 136h241 (160,8581 N•t Incom• •nd n•t movemont In fund• 205,490 R•conclllatlon of lund8 Total lund8 brwhl fop*¥rd Totsl funth carrl•d forward 3,348,289 3A48,289 3,142,799 3,434,337 3A34,337 3,348,289 The 8tat•ment of finwl01 actf4rtM InckK185 gairfd and ki•88• fecognl•od In tho year. All income and •xpendtture dtirr from continuirwj adi¥th8.
The Pauline AvIgesrahaM Foundation Statement of Fonancial Poslllon 31 March 2025 2024 Flxed assets Irwestments 13 1991229 2.956,805 Current assets Cash at bank and in hand 391,484 Credltorn: amounts falllng due one year Net current assets 14 441108 3A34,337 3A3V37 391,484 Totsl assots leg8 current liabi1111gs 3,348,289 3,348,289 Net assets Funds of the charity Unrestrtcted fijnds 3h34,337 3.434,337 3,348.289 Totsl charlty fund5 15 3,348.289 TP*e fIrncr1 statements were approvwj by the board CA trustee5 aKI authorffjed for issue on 26 February 2026, and are on behalF ofthe board lry.. Mr8 A Tappas The nots• on pages B lo 12 forni partofthege flNnclal •iatofftonts.
The Pauline Aviges4raham Foundation Notes to the Flnanclal Statements Year ended 31 March 2025 G8n8ral informatlon The charity is a public benefft enlty and 8 rrfistered charity in England and IN8les and vs uninccApored. The address ofthe principal office is 16 Yoakley Road, Stoke NewlrWn, LorKlon, N16 OBA. Statement of compllanc8 These financial statements have been prepared in compliance with FRS 102, The Flnafteial Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Practice applicable to charities preparing their a(uunts in accordance wrth the Financial Reporting Standard applicable in the UK and Republ¢c of Ireland {FRS 102) (Charities SORP (FRS 102)) and the Charfties Act 2011. Accountlng pollcles Basis of preparatlon The financid statements have bean prepared on the historical cost b88i8. as modified by the valuation of certain financial a¥sets and liabilitie8 and investment properties measured at fair value through income or expendrture. The financial 51alements are prepared in sterlwig, which 18 the functlonal currew of t enlty. Golng concorn The trustees believe that due to the availabilty of re8eNes. there are no material uncertainties about the charity's abilty to continue for at jeasl the next 12 months from the date of thi8 repo Judgements ond key sources of e6tlmatlon un¢ertainty preparation of the financial slalements requires management to makelLKlgemenls, estimates and assumptions that affect the amounts reported. These estimates and judgements are continualty reviewed and are based on experience and other factors, includin9 expectstions of future events th are befieved to be reasonable urKler the GIuM$tanCes. Income tax The company is a registered charfty and as such is entitled to the exeMpn from tax to the extent that the income falls within section 505 ICTA 1988 and section 256 CGTA and 1$ appfied for ¢haritable purposes on. Value Added Tax 1$ not rec¢werable by the company and 18 therefore irduded in th¢ levant costs in the Statement of Financial Actmtles. Fund accounllng un$tr1ded fvnds are available for use at the lellon of th8 trustees to further ary of the charivs purposes. Des*3naled fvnds are unrestricted funds eam18rked by the trustees for partl¢ular fvture project or commitment. Restrtcted funds are subje¢ted to restrictions on their expenditure declared by the donor or through the ter ofan appeal. and fall into one ofiwo sub<lass8s: restricled in¢ome funds or endowment funds.
The Pauline Avlges.Graham Foundation Note8 to the Financlal Statements (coftdftuÉdJ Year endod 31 March 2025 Accounllng pollcl89 (¢onlthuedJ lnvostmonts Unlisted equty investmonts are recorded * cost re88 impaim)ant10sses. Llstsd inveslm8nl8 are mea¥ured at fair valu? with changes In falr valu8 being regnISed in Income or 8xpondlture. Invo8tm8nt property Investment propety Is inilialty recorded al cost, whkh include8 purchaoe price and any directly attributabl• expenditure. Investment property is revalued to its falr vdue at each reportlng date and any chang88 In faFr value are recognised In In¢om8 or expenditure. 11 a reliable measure of falr value 1$ no longer availabla for an Item of Inv88lmenl property, It shall be ITanslerred to tangible awts and Ifeated 0$ $LKh unlll 6t15 expected that tsiT value wlll be religbty m8a8urable on an on*oing ba818. InvHtm•nt Incom• Unrestrfcted Totsl Funds Unrmtrioled Total Fund8 Fund6 2025 Funds 2024 Income from listed inve81ment• Bank Int8ras1 receNable 116,853 2,714 116,663 2,714 119,367 109,910 109,910 38 119.367 109,948 109,948 Inv••tment man•gem•nt co¥1¥ UnTestrtct Totsl Fund8 Unrestricled Total FundB Funds 2026 Fund• 2024 Portlollo managwnont fees 33,531 33,531 31,398 31,396 Exp•ndltur• on ¢h•rltabl• actfvltlm by fund typ• Unrestricted Total Funds Unr•$tricted Total Funds Fund¥ 2025 Funds 2024 Charitable donallons Support costs 30,000 5,211 35,211 30,000 5,212 30,000 3.920 30,000 3,920 33,920 36,212 33,920
The Pauline Aviges4raham Foundation Notes to the Financial Statements Year ended 31 March 2025 Expondlture on charltable a¢fjvlll•s by actfvlty typ• urKlertaken &JpFKJrt Totsl fvnd¥ Tdal fund 2025 2024 charitab donaltons 30.0 5,212 35212 5.212 3,920 33.920 5.212 Net (gainsylosses on Inveslments Unr8slrthd Total Funds Unwtricted Tolal Funds 2025 Funds 2024 Unreali3ed GainSl{k*s) on investments Realised Gainsl(k)ssts) on listed investments 35,424 35h24 242.503 242.503 181.645) 3S,424 160,858 (81.645) 160,858 35.424 Net inGome Net incryne is stated afterchargW{crediliry): 2024 1A12 169 10. Independent examlnatlon f•09 2025 2024 Fees payable to the IndePer ex8MllrI0r Independent examinatw of finanal slateme 1JlO 11. Staff Gosts The average head count ofemptyes dur¥w the yew was Nil (21r24.' Nll). No emph)yee received emphryee berth of more than £60.000 the year12024'. Nil). 12. Tnth remuneratlon and expe cerrfed by the Inlee8. 10
The Pauline Aviges4raham Foundation Notss to the Financlal Statements (¢ Year ended 31 March 2026 Listed Instment Totsl Cost or valuailon At 1 Aprf 2024 Additsor Fair value mo¥ennts 2.824.188 132.619 2,956 35.424 3S,424 132.619 2.991229 At 31 March 2025 2.859.610 Impalmi¢fftt At l April 2024 and 31 March 2025 Carrylng amount At 31 March 2025 2.8S9.610 132,619 2,991229 2.956.805 At 31 March 2024 2.824.186 132,619 All Invest shtrn abm we hehj at valuat#)n. Investment properti The V410n of investment pmpety was carrd OLrt at the balance gheet date by the Trustees. of the Foundion on an open market basis. No deprecwlton or amortIsatn is provtded in rgspect of ttrwe properties. The hist1(1 c05t of the 1rNeStr pttyety rnnted to £132.619 12024.. £132,619). Flnanclal assets held at lalrva All inve5trnts ld aboNE are their mwket vabje at the balance sheet date aryl the gain or105S is tsken to the Statement of Finala1 Actrlitw. 14 Credltorn: amounts falllng du• Tlthln one year 2024 A¢¢ruals and defeTheA income 15. Anatysls of charllabh fvnds Gains arKI Al losses 31 March 2026 1 Aprd 2024 ExpXIuTe GeneTrl funds 3.348.289 119.367 (68,743) 35,424 3A34,337 Gatrts arml At sses 31 March 2024 1 Awl 2023 Expwdlure Genernl funds 3.142.799 109.948 (65,316) 160.858 3,348,289 11
The Pauline Aviges4raham Foundation Notes to the Flnanclal Ststements fc Year ended 31 March 2025 16. Anatysl$ of not assets betwn fvnds Unrestrleted Tolal Funds Funds 2025 Investrnenls Current assets Credilorn less than 1 year Net ass•ts 2,992,229 446,008 (3,91JO) 3,434.337 2,992,229 446,008 13,900 3,434,337 Unrestricted Total Funds Funds 2024 Irwestments Current assets Creditors less than 1 year Net assets 2.956.805 2,956,805 391,484 391,484 3.348289 3.348,289 12
The Pauline Aviges4raham Foundation Management Information Year ended 31 PAarch 2025 The followlng p•gfjs notforni part of th• fknanclal statement 13
The Pauline Avlges4raham Foundation Detailed Ststsment of Financlal Activities Year ended 31 March 2026 2025 2024 Income and endoY4monts Investment income ]rOrne from Ilsled inv8slmenl8 Bank interest reCe18b1& 118,6S3 2.714 119,367 109,910 38 109.948 Totsl income 119,367 109,948 Expendlture Investment management costs Portfolto management fees 33,531 31.396 Expendlturn on charitable activities Legal and professional fees Fore¢gn exchange gainlloss Charitable donations 3,900 1.312 30,000 3&212 3.751 169 30,000 33.920 Totsl expendituro 68,743 65.316 Nèt Igaln#yIoss8s on Investments Unrealised Gain81{losses} on listed investments Realisad Galnslllosses) on listed inveslm8nts (35N24) (242.5031 81,645 (35A24) (160,858) Net income 205,490 14
The Pauline Avige84raham Foundatlon Notss to the Detslled Statsment of Flnanclal Actlvltle8 Year ended 31 March 2025 2025 2024 Expendlture on chaflt•bl8 actlvltle• CharltAble donatlon8 ActIvItl undertaken ldY Charitable aclivty Govomanco costs Govemance costs- accountancy fees Governance (08ts-18gal 8nd other professional fee8 Govemance costs- irKlependenl examiner fee6 Fore¢gn exchange gainlllossl 30,000 30,000 1,600 600 1,800 1,312 6,212 1.950 1,801 169 3,920 Exp•ndlturn on charltsble actlvltl•• 36,212 33.920 16