The Cecil Charity
Trustees, report and unaudited financial
statements
Charity number 306248
31 March 2021

The Cecd Charlry
Trusiee5' rq)ort and unaudittd fir￿cIal st*ments
31 May¢h 2021
Trustees. report and unalldited financial statements
Colltents
Trustees and advi$ers
Trustees, report
Slrltement of Trustees, responsibilities
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the finaD¢iYdl 8t2t¢ments
8-10

The Cecil Charlty
Tn￿te¢s, r¢port and unaudiia fmancial $tstements
31 March 2021
Trustees and advisers
Trustees
The following were Trustees during th¢ y¢ar:
LAird Rockley
Lady knckley
Mrs Brian Wizard
Mrs Coreen McM¢eken (fornierty Mrs Coreen Barnett)
Mrs Claire House-Norn)an
Charity Address
Lytchett Heath
Poole
Dors¢t
BH16 6AE
Chartty Reglstratioj Number
306248
IDvestEnent mxDagers
Cazenove Capital
l London Wall Place
London
EC2Y SAU
llldependent examiner
Mrs J A Mutton FCA
Smith & Williamson LLP
Accountants
Old Library Chambers
21 Chipper Lane
Salisbury
Wiltshire
SPI IBG

The Ce¢ll Charity
Trustc¢s' r¢port and una￿lited financial statements
31 March 2021
Trustees, report
The Trustees present their a[￿Ual report and unaudited financial statements foT the year ended 31 March 2021.
The financial statements comply with the Charity's Act 2011 and Accounting and Reporting by Charities:
Stsiem¢nt of Recommended Practice. applicable lo ctwities preparing their accounts in aecordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Strncture* goverllanee ADd management
The operdtions of ihe charity are governed by an Indenture dated ioth May 1907 &$ varied by Schemes d￿ed 2￿h
September 1912, 6th January 1948 and 28th October 1971. Under the temis of the Indenture. Ihe power of
app)inting new Trustees is vested in th¢ surviving or continuing Truste¢s.
Objectives and #cti%ities
The objective of the chaxity is to award scholarships or grants to beneficiaries under the age of 25, living within
a ten mile radius of the Lyt¢hett Matraver5 Parish Chur¢h. attendin8 educational establishments.
The Trustees receive numerous gran¢ application letters throughout ihe year, whi¢h are ¢onsidered by the
Tn￿ee$ at their meetiw. The Trustees discuss the merits of the applications and after tsking account of the
funds available, grants are approved. The TnJs¢ees tend to make grants to appri)priate b¢n¢ficiaries of £2,970
(2020.. £2, 700). These ore paid to the benefi¢iaries over a three year period in 9 insts]m¢nts.
The Trt￿tee$ may aisomake one off grants to indivftduals in excepiionaE circumslances to enable them to further
their edwalion.
Public benefit
The Trustees have considered the guidanc¢ provided by the Charity Commission with regard to meeting the
public benefit objective. On reviewing their activities, the Trustees believe that The Cecil Clwity IS ￿ling for
the benefit of the public.
Achievements and perfornian¢e
During the year incorne was £31.895 (2020.. £26,386) with charitable donations lot￿lIng £26,282 of which
£18.782 were grants mad¢ ￿ some 23 individuals (2020..£ 18.912. ofwhich £14,9J2 to 22 individuals).
The Charity supports a mustc scholarship progTamme with Lyt¢hett Minster Sch￿] to provide up to £4,1)(K) per
annum to fund 25 MLLSK lessons every year for 10 students showlng musical aptitude (or up to 20 if lessons ar¢
shared).
In th¢ current year, the scheme was sigt)ificantly curtailed when th¢ county went into lockdown and th¢ school
closed. Despite these restrictions some students managed to continu¢ with face to face or onlioe lessons.
The Charity made a th)nation of £7,500 towards Bournemouth University's Covid-19 Emergency Fund for
Students.
Finallet￿ review
The Charity continues lo manage its r¢sources carefiilly. retaining a prop)rtion of its net incoming resources
each year. Th¢ overall f￿ancial position of the Charity is wured by the value of the irLvestm¢nt portfolio.
There are no restrictions on the Clwity's power to invest. The overall inv¢$tm¢nt policy is io adopt a medium
risk investment strnte&v based on producing a balance of in¢ome and capttal growth over the medium tern).
The funds are held in the Cazenove Capital Charity Multi-Asset Fund which is a long-term investment fund with
a dIve￿If1¢d strategy invesiing in equities. bonds, property and alternative assets. After suffering a sigtiificant
drop in vAlues for the yBar ended 31 March 2020. when the expected impact of the Covid-19 pandemic shocked
market& the va]ue of the portfolio hos recovered strongly throughout the year growin8 by 20%.

The Ceefl Chortty
TnJst¢es' rew)rt 8nd unaudited fmancial statements
31 March 2021
The iotsl funds held at 31 March 2021 wer¢ £843235 (2020.. £710,123J. The Trustees continue to invest the
capitsl of the Charity in accordance with The Indenture. making grants out of income arising.
Charity's assets
Acquisitions and disposals of fixed asset investments during the year are recorded on page 9.
Reserves
It is the Tr￿Slees, aim to digtribute substantially all the annual income after payment of any expenses. Surplus
income is retained in cash or reinvested. The Trus￿ review on a regular basis the level of income Teserves
that they consider appropriate.
Risk f8t¢ors
The Trustees have &ssEssed the risk5 to the FLuJd's assets and are s￿Isfied that sufficient controls are in place
and ihis will be Subject lo regular review.
Trn8le¢s' aud empl￿ee8, remunerntion and expe
During the year the Trustees rec¢ived no remuneration (2020.. £nll). The Charity has no employees Q020..
kwnej.

The Ce¢il Charty
Tn￿ees. report snd unaudited fit)anci21 statements
31 March 2021
Statement of Trustees, responsibilities
The Trustees are responsible for preparing the Trustees, Report and the financial statem¢Tts in ￿e0rdance with
appli¢able law and regujations.
The law applicable to ctwilies in Englond and Wale5 requires the tn￿ceS to p￿p￿ financial statements for
each fmancial year in accordance with United Kingdom Genera]ly Accepted A¢ww)ting Practice (United
Kingdom Ac¢ounting Standards and applicable regulations). Under that law the tru5tes musl not approve the
financial statements unless they are satisfied Ihatthey give a true and fair view of the stste of affairs of the chariry
and of the in¢oming Rsources and application of resources of the eharity for that year.
In preparing these finan¢iai 5ts1emenW the tnLslees ar¢ required to:
select suitsble a￿OUntIng policies and then apply them consistently.
observe th¢ methods and principles in the Charities SORP,
make judgments and accounting estimates that are reasonable and pn￿ent.
stat¢ whether appli¢able accounting stsndards have been followed, SUbj￿t to any material departures
dis¢105ed and explained in the financial statements. and
prepare the financial statements on th¢ going concern basis unless tt is inappropriate to presume thai the
charity will ¢ontinue in business.
The TTuslees are responsible for keeping adequate a¢¢ounting records which are sufficient to Show and explain
the charity's transactions and dis¢lose with re&sonable accuracy al any time the financial position of the chariry
and enable them lo ensure that the financial Swements comply with the Chfyrities Acl 2011, th¢ Charities
(Accounts and Reports) Regulations 2008 and ihe provision5 of the Indeniure dated 10 May 1907 as varied by
Schemes dated 20 September 1912. 6 January 1948 and 28 October 1971. They are also responsible for
safeguarding the assets of the charity and hence for taking r¢asonable steps for the prevention and d¢le¢lion of
fraud and other irregularities.
By order of the Trustees 16 Jul) 2021
IA)rd Rockley (Truslee)

Thg Cetil Charity
T￿￿t¢s, report and Unaudited fin&n¢ial sthtements
31 M8r¢h 2021
Independent examiner's report to the trustees of The Cecil Charity
I report io ihe truste¢s on my examination of the ac¢ounts of The Ce¢il Charity for the year eTrJed 31 March
2021 which comprise the statemeni of financia] activities. the balance sI￿t and the notes to the accounts,
including a summary of significant accounting policies.
Re5pe¢tive responsibilities of trustees And t￿mIDer aDd basis of rep)rt
As the charitys trustees, you are responsible for the preparation of the accounts in accordance with the
requir¢m¢nts of the Charities Aci 2011 ('the Act,).
I report in respect of my examination of the ¢harity's a￿oU￿¢S carried out under section 145 of the Act 8nd in
carrying out my examination I have followed all ihe applicable Directions given by the Charity Commission
under section 145(5Xb) of th¢ Act.
IndtpendeJt examiner's ststemellt
I have completed my examination. l Confimi that no maleriai matters have come to my attention irk connection
with the examination giving me ¢ause to believe that tn any material respect:
accounting records were not kept in rtspect of the Charity as required by section 130 of the Act" or
2. the a¢counts do not accord with those records,. or
3. the accounts do not comply with the applicable requ1￿ments concerning the form and conlent ofthe accounts
set out itl the Ch￿ltieS (Accounts and Reports) Regulations 2008 otherthan any requirementthat the accounts
give a true and fair view which is a matter conSide￿d as part of arL independent examination.
I have no ¢on¢erns and have come acTOSS no otheT matters in Conne￿lOn with the ¢xamination to which att¢nlion
should be drawn in th1$ repon in order to ¢nable a proper understanding of the accounts to be T¢ached.
Mrs J A Mutton
Fellow of The Institute of Charter¢d Accountants in England & Wales
Smith & Williamson LLP
Accountsnts
Old Library Chambers
21 Chipper IAne
Salisbury,
Wiltshire
SPI IBG
Date..
22 July 2021

The Cecrl Chority
TNst¢e5' rcport and utkaudited firsanci&l statements
31 Mawh 2021
Statement of fiD8ncial activities
lor iheyeor ended31 March 2021
.w￿e
Unrutri¢t¢d
d$
2021
UnTestriaed
funds
2020
I￿vestMent income from li51ed invesmJ¢nts
Inte￿st receiv8ble
31*95
26,339
47
TotAI
31J9S
26,386
R￿sing fuT*ds
Chtiritable •¢tivitie5" grants
ChaTithbleaaiviti¢S- costs
(2,242
(263821
18191
12.7251
118,9121
{2,2901
Totsl
I29￿￿)
(23,927)
illcomd(t4)ttyditurel befort gal￿1 and 10sse5 on Investhktttts
2.459
Netgain￿1losses) ott invrmfflts..
20,830
(102.269)
Unreali*l
130J6
nb•vement th
133,112
{78,980)
F￿d ￿]￿E￿¢S brou8ht foJTrwd at l April
7111123
782103
Fllnd b#l•nees clrriwl forward •t31 M*r¢h
710.123
The notes on pages 810 10 fonn part of these flnancial statements.

The Cetil Chorlty
Tru*es' report unaudited financial statem¢nts
31 M8r¢h 2021
Balance sheet
31 M&r¢h 2021
2021
2020
Flxed a55ets
Inv¢sttnents
791,907
661.347
CurrentU9¢ts
C&sh at bar
51988
49.616
Credltors: athounts fallI￿g duewithin oneytsr
(6601
18401
Net eyrrent #s*ts
SlJ28
48,776
Totsl *¥¥ets less ¢urreni Ilwbillties
710.123
Fyllds
unre￿¢1&1 ￿nd
843335
710.123
Approved by the Tru$te¢s on 16 July 2021
Lord Ro¢kley
Trustee

The Cecil Ch¢Jrity
TNsiees' report and unaudited fLnancial statements
31 March 2021
Notes
(tormlngpart ofihejlnoncltslsiutements)
l Accounting ￿lICIeS
The following accounting policies have been applied consislently in dealing with items which are
nsidered material in relation to the Trusi's fman¢ial statements.
(i) Bosis ofpreparation
The financial statements have been prepared in accordance with Accountin8 and Reporting by Charities:
Stafrment of Reeornm¢nded Practice appli¢able to charitle5 preparing their financial statements in
accordance with the Financial Rew)rting Stsndard applicable in the UK and Republic of Ireland (FRS 102)
(effective l January 2019).
The financtal stateM￿t5 have been prepared underthe historical Cost convention &s modified to include the
revaluation of certain assels.
The Trustees Confirm that the charity is a public benefrt entity as defined by FRS 102.
The financial stat¢ments are prepared on a going GOn￿rn basis.
The eharity is an unin¢orpornted trust, constituted under an Ind¢nture dated 10 May 1907 and its registered
office is Lytchett H¢*h. Pix)le, Dors¢t BH16 6AE. The charlty is registered with the Charity Commission
n En8land & Wales (No. 306248).
{11) Income
Inv¢stment incom¢ is crediied in the period in which it is receivable.
Interest r¢¢eivable is accouni¢d for on an awn￿1$ basis.
(iu) Expendilure
Expenditur¢ is recognis¢d on an accrnaEs b8sis as a liability is incurred. Expenditure includes any VAT
which cannot be recovered and is reported as a part of the exp¢nditure to which it relates.
Grants ar¢ payment5 made to third p4rti¢s in furtheranoe of the ¢haritabl¢ objectives of the Trust. The
grants are account¢d for where the Trustees have agr¢¢d to pay the grant without condition and the recipTrent
has a reasonable expo-wlation that they will receive th¢ grant.
Oth¢rcosts consist of costs not directly attributable to direct Charitable expenditure but which are in re$p¢ct
of the general administration of the charity overdll management of funds.
(Iv) Jnvesfvwnls
Investments are Stat￿ at market value * th¢ balance sheet date.
Realised inv¢stm¢nt gains and loss￿ are calculaled as the difference bettveen the market value at l April
2020 or the value on the date of purchase if later and the value at which the investhient was 501d.
Unrealised investment 8ains and loss¢s are calculat¢d as tbe differ¢nc¢ between the market value at 3 1st
March 2021 and th¢ value at I. April 2020 or the valu¢ on the date of pur¢hase if later.
(y) Funds
All transactions are recorded in the unrestricted fund. All funds are availabl¢ to use at the discretton of the
Trustees in furtherattc¢ of the g¢n¢rdl objects of the Charity and have not been designat￿ for any other
purposes.

ri* Cec¥l Charity
Trnsle¢5' report a￿d unaud2ted f￿ancial statements
31 March 2021
(vi) TtLrotion
The Charity is a registered charity and th¢r¢fore is not liable for in¢om¢ tsx or corporation tax on income
deriv¢d from its ch8rttable activitie4 as it falls within the various exemptions available to re8iSt¢r¢d
hariti¢s.
2 Expenditure
2021
2020
Rtiising funds
Inv¢5tment man88¢ment¢osts
Charitsble activities
Grgnts to llJdividua]5 for cknational purFws
Charitsbleactiviiies- supp)rt costs..
AccowJtwylIndepa]dent examil￿r.$ fees Igovemothce costs)
Le8￿ fees
Admini5traiion eo
(22421
12.7251
{262821
118,9121
{6￿)
1660)
11.560)
170)
{1591
Tot•1
129J43)
123,9271
3 Fixed asset investments
Cost at
31 Mareh
2021
mark￿ Value
atjl Mar¢b
2021
COA at
31 March
2020
Mork¢i Yalue
31 Mar¢h
2020
Fix&1 asset ￿1vestments
76&616
791,
763,616
661,347
Investments were held in the Cazenove Capital Charity Multi-Asset Fund. Th¢ Charity Multi-AsS¢t Fund
is a long-terni invesm]ent fund with a diversified strategy invesling in ¢quities. bonds, prop¢rty and
alternative assets.
2021
2020
Masket va]u¢ at l April
661J47
720,986
Dis]M)S￿S￿ opening tr*Jok va]ue
Add..
(735,9261
A¢quisitions at cost
￿]￿￿{10￿8¢S) on reiduation at 31 M8r¢h
77&556
1102.2691
130
Market vajue at 31 March
791.907
661,347

The Cecll Charity
Tru*e¢5' TCPOrt and unaudited fllwi¢ial stateTnent5
31 M¥trch 2021
3 Fixed a&8et investments (continued)
Investments at markel value within the Cgzenove Capital Charity Multi-Asset Fund comprised..
2021
2020
Equiiies
Bonds
multi-AS￿ Funds
Aliematives
Cash
557191
69J41
24h26
114A49
25,41)0
434,766
35,769
42,235
110,256
38,321
Portfolio ti*a] at 31 Mar¢h
791A17
661.347
Material inv¢stm¢nts over 50/0 of the market value of the portfolio are:
2021
2020
Collcctivc Ftmds
Caz£fjove Copitai Chgrity Mulri-knrf Futhd
i(
100
4 Trustees alld related party transactions
During the y¢ar none of the Trustees (nor any persons connected with ihem) received any remuneration
from the Charity (2020.'£nil).
During the year the Charity donated £7,500 to Bournemouth University to supp)rt the Univ¢rsity's Student
Covid-19 Emergency Relief Fund. Mrs Clair¢ House-Norn)an, a Trust¢¢. is Director of Fundraising at
Bournemouth Universty.
S Employees
The Charity has no ¢mploye¢s (2020.. none).
10