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 Una￿lited financial statem￿ts ofthe ch￿forthe yearended
31 March 2025.
Referen¢0 and admlnlstratlve detalls
Reglstered charity namo
The Pa￿1n8 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 L￿n05
Indgpenthnt examlner
Shammir Shah
chaM￿daInS UK LLP
Chartered Ac￿nIar￿S
173 ClevelarKI Slre¢t
UK
W1T6QR
Structhre, goVerna￿E and management
Governing DoGumenl
The Pauline Avige5Qraham F￿￿lat￿In is constituted urmler a D&kration of Trust Deed dated 23rd
A￿USt 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 Tn*teg5
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 cOnt￿UtIon 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$Son of money. matsrfals or other help towords rellof of povety;
to enquire into Iho materfal and aducatlonal needs,.
lo promote the establishment or maintenance of Charitable in8lkute8. colleges or 8chools and
the holdlng of events such as seminars. cour898, confererKe8 and work5hops',
to provhle book# and leaching rnoteri218 of any klnd;
Irrf}
{v)
to provth s¢holarnhips, bur8arfe8 or other asslstanca:
(vil
to publicAtion of books, films, tape8 or other publNllon8'
(￿1)
to cwperale or collaborate wlth other p•r8ons ar organlsatlon8 for the purpo8• of advanclng
the objects of the charity,. and
(￿11)
10 6ng8ge. employ, consult or retain such pernon or per8on8 for lh8 Purp￿ of advanclng the
objects of the charity.,
Achl•v•rn•nts •nd perforni4nc•
Tho Tru8lee8 of the Cha￿ty have Conllnued lo a88e88 the need8 of varlou$ 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 procedu￿8 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 unrestrK*ed ie. they can be aPpl￿d 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 nwntall*d during the year. The rest of the unrestr¢cted
funds. are avaibblo to be paKI ¢xrt in charitable donatiTh. The8e fiKKts we regukty revitr*ed by the
trustees.
Plans for future perh)ds
The Tnjstees wll ensure that the fiThls invested by the F(MThlakn ge￿ate 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 ch*ity 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 appl￿1￿ of resources. of the charity for that perh￿.
In preparing these finar￿la1 sl*ements. th8 trustees are required to:
Se￿ suitable aecounlrwJ polrcies and Ihen Aiply them CO￿￿1¢n￿.
observe the methods and prirKples in the appl￿￿ Charttw SORP:
stale whether applicable UK AccountwwJ Standard5 h¥4e been fOlkn￿d, 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 SUffi￿ent 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 fina￿la1 statements compty wtth the Charflbs
Act 2011, the aPp￿ble Charthes (Accounts and Reports) Regulatw%, the pr￿S1On$ 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 (cl￿￿￿￿e￿)
Year ended 31 March 2026
The truslees. annual report was approved on 6 March 2026 and Sigr￿d on behalfofthe board oftru8tees
by..
Mrs A Tap
Tr￿tea

The Paullne Avlg8s4raham Foundation
Independ•nt Examlnerfs Report to the TruBto•• of Th Paullne AvIgM43ral￿m
Year •nded 31 March 2025
F￿￿1*lon I1￿ th•nty) f¢r ts year 31 Mwch 2025.
I repcrft in wpacl ol my examin•th)n of th• ch•nty'• frn1￿1 statoff*nts c•rried out under ••ctlon 145
of the 2011 h£t and in c•rryiry out my examin￿￿an I fokn•d •ll trw applr•bkn given
by Ilw Chwity con*th￿n under $•c1K￿ 1451SXb) A
connection wtth th• •x•minatton caw to b8l*ve th•t in mthrial reip&#'.
accountlNJ Mcorth were not k•pt kn r••p•cl of the chw*y u r•qulr•d by 130 01 tha
and content ol ￿)Unts set (XA h) ttrrft Ch•ritw (Account• and RepNts} Regul•tKM 2008
otr*r than ary rnquwwnent that th• rKcountS gr￿ a f•irf VV4T l• • m•tt¢r
cons￿ered as part of an indynd•nt oxwnination.
•ttenliDn sh￿￿ in thK• rw kn tyd•r b wwblo • prr41w ￿tht￿dIng of th• be
Shammir Sh8h
Ch*nberlaln8 UK LLP
Charternd Accountants
173 CbThwLwKI Stro8t
London
UK
W1T8QR
8 March 2028

The Pauline AViges￿raharn 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 aclivit*6
Total exp•ndllure
33.531
35,212
33,531
36,212
68,743
31,396
33,920
68.743
65,316
{gaInS￿￿￿e$ on Inv86trY*nls
(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 finw￿l01 actf4rtM InckK185 gairfd and ki•88• fecognl•od In tho year.
All income and •xpendtture dtirr￿ from continuirwj adi¥th8.

The Pauline AvIges￿rahaM 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 fIr￿ncr￿1 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
uninccApor*ed. 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 GI￿uM$tanCes.
Income tax
The company is a registered charfty and as such is entitled to the exeMp￿n from tax to the extent
that the income falls within section 505 ICTA 1988 and section 256 CGTA and 1$ 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 ￿l￿ellon 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 re￿gnISed 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￿ ex8Mll￿rI0r
Independent examinatw of finan￿al 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 In￿lee8.
10

The Pauline Aviges4raham Foundation
Notss to the Financlal Statements (¢
Year ended 31 March 2026
Listed In￿stment
Totsl
Cost or valuailon
At 1 Aprf 2024
Additsor
Fair value mo¥en*nts
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￿ shtr*n abm we hehj at valuat#)n.
Investment properti
The V4￿10n of investment pmpety was carr*d OLrt at the balance gheet date by the Trustees. of
the Found*ion on an open market basis. No deprecwlton or amortIsat￿n is provtded in rgspect of
ttrwe properties. The hist￿1(*1 c05t of the 1rNeStr￿ pttyety rnnted to £132.619 12024..
£132,619).
Flnanclal assets held at lalrva
All inve5tr*nts ￿ld aboNE are *their mwket vabje at the balance sheet date aryl the gain
or105S is tsken to the Statement of Fina￿la1 Actrlitw.
14 Credltorn: amounts falllng du• T*lthln one year
2024
A¢¢ruals and defeTheA income
15. Anatysls of charllabh fvnds
Gains arKI
Al
losses 31 March 2026
1 Aprd 2024 Exp￿XI￿uTe
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
]r￿Orne from Ilsled inv8slmenl8
Bank interest reCe￿18b1&
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 ￿l￿dY
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