The Cecil CIRarity
Trustees, report and unaudited financial
statements
Charity number 306248
31 March 2023

The Cecil Chayity
Trustees, report athd unoudit¢d fitl9￿Cial ststements
31 March 2023
Trustees, report and unaudited financial statements
Contents
Truslees and advisers
Trustees, report
Stalement of Truste¢s' responsibilities
Independent examiner's report
Statemcnt of finaneial #ctivitits
Balance sheet
otes to the finaneial statements
8-10

The Cecil Charity
TNs¢ees' jtpurt gmd uttaudited financial sittiements
31 March 2023
Trustees and advisers
Tru$tees
The following were Trusiees duritkg the y¢ar:
Lord Ro¢kl¢y
Lady Rocklcy
Mrs Coreen Mcmeeken
Mrs Claire Housc-Norman
Mrs Hannah Khanna
Charitv address
Lytchett Heath
Pool¢
Dorset
BH16 6AE
Charity Registration Number
306248
Investment managers
Cazenove Capital
l London Wall Pla¢e
l.ondon
EC2Y SAU
Independent examiner
Mrs J A Mutton FCA
Evelvn Partn¢rs LLP
Accountants
Old Library Chamber5
21 Chipper Lan¢
Salisbury
Wiltshi
SPI IBG

The Cecil Charlty
Trustee5' report and unauditgl financial stat¢m¢nts
31 Mareh 2023
Trustees, report
The Trust￿ present their annuY41 report and unaudited financial statements for the year ended 31 Ma￿h 2023.
The financial siatements comply with the Charity's Act 2011 and Accounting and Reportlng by Charilies..
Sialement of Recommended Practice, applicabl¢ lo charities preparing their accounts in accordance with the
Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102).
Strueturey governance and maDagemenl
The operations of the charity are governed by an Indenture dated i oth May 1907 ￿ varted by Schemes dated 20th
Scptember 1912. 61h January 1948 and 281h Octoter 1971. Under the terwns of ihe Indenlure, th¢ power of
appointing new TrL]sle¢s is vested in rhe surviving or continuing Trustees.
Objectives and aelivities
The objeciive of the charity is to award scholarships or grants to beneficiaries under the age of 25. living within
a ten mile r&dius of the Lytchett Matravers Parish Church, attending educational establishmenls.
Th¢ Tn￿le¢S weive numerous grnnt application letters throughout the year, which are ¢onsidered by the
Trustees at their meetings. Th¢ Trustees d5SCUSS the merits of the applications and after taking account of the
funds available, grants are approved. The Trustees typically mak¢ grants to appropriat¢ beneficiaries of up lo
£400 (2922.. £330) p¢r University or College lern). These typically will continue for Ihe durdtion of the
beneficiary's course (COTnmonly 9 payments totalling £3,600 (2022.. £2.970)).
The Trusl¢¢s may also make one off granls to individuals in ex¢epilot￿l ¢ircumstan¢¢s to enable them to further
their education.
Public benefit
The Trustees hav¢ considered the guidance provided by the Charity Commission with regard to meeting the
public benefit obj¢¢tive. On reviewit7g their activities. Ihe Trustees believe that The Ceeil Charity is acting for
the benefit of the public.
A¢hievement5 and performance
During ihe year income was £33,413 Q022.. £32,382) with charitable donations totalling £25,649 of which
£21,649 were grants made directly to some 30 individuals (2022..£ J4,530, ofwhich £12,280 10 18 individuals).
The Charity supports a music seholarship programme with Lytchett Minsler School to provide up to £4,000 per
annum to fund 25 Tnusic le55Ons every year for 10 students showing musical aptitude (or up to 20 if lessons are
shared).
Financial review
The Charity continues lo manage lis ￿$OUr¢e$ carefully, retaining a proportion of its net incorning resour
each year. The overa]I financial posltion of the Charity is Secured by the value of the investment portfolio.
There arc no restrictions on ihe Charity's power to invest. The overall investment poli¢y is to adopi & medium
risk investtnent strategy based on producing a balance of income and capital growth over the medium lern).
The funds are held in the Cazenove Capital Charity Multi-A55et Fund which is a long-t¢mi investment fund with
a diversified strategy investing in equities, bonds, property and allernative assets. The ¢apital valu¢ of the
porttolio fell 8.1 0/0 over the year, 4Q/o of which was attributable to the fixed dividend paid by the fund. Vaiues
fell in the second calendar Quarter and the sustained increased interest rate environment has continued to supress
values in this fund.
The total funds held at 31 March 2023 were £823,604 (2022.. £885.566). The Trustees continue to invest the
capital of the Charity in accordance with the Indenture, making grants out of income arising.

The Cecil Churiry
Trustee5' report at]d unaudited finattcial Slalcm¢Jts
31 March 2023
Charity'8 assets
Acquisitions and disposals of fixed assei investments during the year aTe recorded on page 9.
Reserves
It is the Tn￿ees, aim to distribute substantially all the annual in¢ome after payment of any ¢xpenses. Surplus
income is retained in cash or reinvested. The Trustees review on a regular basis the level of income reserves
that they consider appropriaie.
Risk factors
The Trustees have assess¢d ihe risks to the Fund's assets and are satisfied that sufficieni controls are in place
and this will b¢ subject to regular review.
Truslees, and employees, remuneration and expenses
During the year the Trusiees received no remuneration {2022.. £nil). The Charity has no employees (2022..

The Cecll Charlty
Trustees, retK>rt and unaudiied finanLial statements
31 MaTch 2023
Statement of Trustees, responsibilities
The Truslees are r¢sponsible for preparing the Trustees, Report and the ftnancial statements in accordance with
applicable law and regulations.
The law applicable to ¢harili¢s in England and Wai¢s requires the trustees to pffpw? finan¢ial statements for
each financial year in accordance with United Kingdom Getterdlly Accepted Ac¢ounting Pra¢ti¢e {United
Kingdom Accounting Standards and applicable regulations}. Under that law the trustees must not approve the
financiai sthtemettts unless they are satisfied that they give a true and fairview ofthe stale of affairs ofihe charity
and of the incorning resources and application of rtsources of the charity for that year.
In preparing ihese financial statements, the trustees ar¢ r¢quir¢d to:
select suitabl¢ accounting policies and then apply them consistently,.
observe the methiNJs and principles in the Charilies SORP;
make judgments ajjd accounting eslimates that are reasonable and pNdent'
state whether applicable accounting standards have been followed. subject to any material departures
disclosed and explained in the finan¢ia] statements- and
prepare the financial statements on the going concern basis unless it is inappropriate to presume thai the
Charity will continue in business.
The Trustees are responsibl¢ for keeping proper accounting Tecords which are sufficient to show and explain the
charity's transactions and disc105e with r¢&sonable ac¢uracy at any lime the financial position of the charity and
enable them to ensure ihat the financial statements comply with the Charities Act 2011, the Charities (Aceounts
and Reports) Regulations 2008 and the provisions of th¢ Ind¢niure dafrd 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 reasonable steps for the prevention aTKI detection of fraud and other
irregularilies.
Bv order of the Trustees 7, July 2023
LW
Lord Roekky ffru51ee)

Cecil Chdrlty
TTUStees' ￿port and unaudited fiAan¢i31 sthteTn¢nts
31 March 2023
Independent examiner's report to the trustees of The Cecil Charity
I report lo the trustees on my examination of the accounts of The Cecil Charity for the year ended 31 March
2023 which comprise the staternent of finan¢ial activilies, the balance Sheet and the notes to the accounts,
in¢luding a summary of signiticant accounting poli¢ie5.
Respective responsibllities of trustees and examiner and basis of report
As tète charity's trustee& you are responsible for the preparaiion of the accounts in accordance with the
requirements of the Charities Aci 2011 I'the Act,).
I report in respect of rny examination of Ihe charity's accounts carried out under section 145 of the Act and in
carrying oul my examination I have followed all the applicable Directions given by th¢ Charity Commission
under Section 145{5)(b) of the Act.
Independent examiner'$ $tatemeD¢
I have completed my examination. I confirni that no tnat¢rial matt¢rs have ¢ome to my attenlion in connection
with the examination giving me cause to believe that in any material respect..
accounting records were not kept in resp¢¢t of th¢ charity as required by section 130 of the ACL or
2. the accounts do not accord with those records; or
3. the accounts do not comply wilh the applicable requirements concerning the fonn and content of the accounts
set out in the Charities (Accounts and Reports} Regulations 2008 otherihan any requirement thaÈ the accounts
giv¢ a Irue and fair view whi¢h is noi a matter considered &$ part of an independent examination.
I have no concems and have come across no oiher matters in conne¢tion with the examination to which att¢ntion
should be drawn in this report in order to enable a proper understhnding of the &ceounts to be reached.
Mrs J A Mutton
Fellow of The Institute of Chartered Accountants in England & Wales
Evelyn Partners LLP
Accountants
Old Library Chambers
21 Chipper Lane
Salisbury
Wiltshire
SPI IBG
Date.. 10 July 2023

The Cecil Ch&rity
Ttustce5' report •nd unaudited finafttial $taiemtnt$
31 MaTch 2023
Statement of financial activities
for ihtyear ended 31 March 21125
Note
UThre&tricted
futhd$
2023
Unrestricted
funds
2022
Investsment inCOTDe from li5tcd inv&stments
Donarions
33.163
250
32.382
Totsl
33,413
32.382
Raising fimd5
Charitable adivtti¢S- 8rants
Chwitsble activities- ￿pport costs
{2J82
{25,6491
(892)
12,4721
114.5301
{1,1741
Tvt81
128.9231
118,1761
et income btfore RAlns and losw inveslmellts
4,4
14,206
Net IlosrsVgain5 on inve51ments'.
R¢dised
Unttdised
166,4521
28.125
Net m(Trv¢m¢nt in funds
161,962}
42,331
Toftolreconcllla￿on offtsttds..
Fund ba]ances brought forward al l April
885,566
843,235
Fund balan¢es tarried forward 9131 Marth
823,604
885.566
Th¢ notes on pages 8 to 10 forn) part of these financial sta￿MentS.

The Cecil Cknrtty
Trustees, rcport and unaudited firtan¢ial stst¢m¢n
31 March 2023
Balance sheet
ol 31 March 2(123
Nole
2023
2022
FSxed a55tts
Investhien
75&869
823,321
Current assets
C&th ai bank
68JOI
Crtditor5= gmoynts falling within Ot￿ ye*r
Accruals
{1,$661
11.7641
Yet current assets
66,735
62.245
Totsi 1$5ets le￿ eurrent liabilities
23ffj04
885,566
Fursds
UnTesirict￿ fund
823,(AM
88J,566
Approved by lh¢ Trusfres on 7" July 2023
o-¥
Lord Rockley
Trusfe

The Cecil Chartty
Trustees. report and unaud2ted financial statements
31 March 2023
Notes
(formingpart ofiheJlnAnclulst&iem*nlS')
l Accounting policies
The following accounting policies have been applied consistently in dealing with items which are
considered material in relation to the Trust's financial statements.
(i) Basis ofpreparalion
Th¢ financial statements have b¢¢n prepared in accordance with Ac¢owiting and Reporting by Charities-
Statem¢nt of Recommended Practice appli¢abl¢ to charities preparing their financial statem¢nls in
accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective l January 2019).
Th¢ financial statements have b¢en prepared under the historical cost convention as modified to Tnclude the
revaluation of certain assets.
The Trustees confirni that the charity is a public benefit entity as defined by FRS 102.
Th¢ financial statements are prepared on a going concern basis.
Th¢ ¢harity is an unincorporated trusl, constituted under an Indenture dated I￿ May 1907 and its regisiered
o￿lCe is Lytchett Heaih, Poole. Dorset BH16 6AE. Th¢ charity is registered with the Charity Commission
in England & Wales (No. 306248).
(li) Income
Investment income is credited in the period in which it is ￿etiVable.
Interest receivable as a¢¢ounted for on an accruals basis.
(iu) Erpendilure
Expendiiure is recognised on an Ac¢ntals basis as a liability is inCu￿¢d. Expenditure includes any VAT
which cannot be rewvered and is reported as a part of the expenditure to which it relates.
Grants are payments mad¢ to third parties in furtherdnce of the charitable objectives of the Trust. The
grants are accounted for where ihe Trustees have agreed to pay the grant without condition and the recipient
has a re&sonable exp¢¢tation that they will receiv¢ th¢ grant.
Other costs consist of costs not directly 8ttributable to direct charitable expenditUTt but which are in respect
of the general administration of the charity and overall management ot'fundq.
(iv) Investments
Investments are ststed at market value at the balanc¢ sheet date.
Realis¢d investment gains and losses are calculated a5 the diffe￿n¢t between the Tnarket value at l* April
2022 or the value on the date of purchase if later 2nd the value at which the investm¢nt was sold.
Unrealised investhient gains and loss¢s are calculatcd as the differ¢n¢e betw¢¢n thc markei value at 31.
March 2023 and the valu¢ at IK April 2022 or the value on the date of purchase if later.
(v) Funds
All transactions are recorded in th¢ unrestricted fund. All funds are available to use at the discretion of the
Trustees in furtherance of the generdl obj¢¢ls of the Charity and hav¢ not been d¢signated for any other
purposes.

Cecil Cknity
TrU￿Ces, report attd unaudited financial Statements
31 March 2023
(vi) Toyaliort
The Charity is a registered charity and therefore is not liable for income i&¥ or corporation tsx on income
derived from its charitable a¢tiviti¢s. as it falls within the various exemptions available to regist¢r¢d
charities.
2 Expenditure
2023
2022
R8ising funds
Investment manag¢m¢tht costs
Charitsble¥tiviti¢S
Gr8nts to individuals for educational purposes
Ch8Jitablc aaiviiies- supp)rtctssts'.
Accountan¢y/Ittdepthd¢M wThin¢r's fees{governw¢¢ tosts)
Legal ft%S
Administration costs
12J82
12,472}
125.649)
Il4,5301
1822)
1744}
13()01
1701
Totsl
128923}
{18.176}
3 Fixed asset investments
C•5t at
31 Marth
2023
Market value
*t31 Marth
2023
COM al
31 March
2022
Market value
at 31 March
2022
FIX￿ a$8et investtn¢nts
76J.616
756.869
763.616
823.321
Investments were held in the Cazenove Capital Charity Multi-Asset Fund. Th¢ Charity Multi-Asset Fund
is a long-tem) investment fund with a diversified strategy investing in equities. bonds, propety and
altemattve assets.
2023
2022
Market Val￿01 l April
823J21
795.196
Le￿..
Disposals & o￿ningbook value
Add..
Acqui￿li0ns atcost
Net{logs¢sygain5 On revai￿lon ai 31 March
166A521
28.125
Marka value at 31 mA￿h
7%J69
823.J21

The Cectl Charl
Trusiets. report and unaudited financial statements
31 Marth 2023
3 Fixed asset investments (continued)
Invesknents at market value within the Cazenove Capitsl Charity Multi-Asset Fund comprised..
2023
2022
Equiti
Bonds
Multi-Asset Funds
Alternatives
48A187
99SO
12557
13&446
22.139
571,020
64.412
14.154
153.214
20,521
Cash
Porrfolio total at 31 March
75fi869
823,321
Material investments over 511/0 of the market value of the portfolio are..
2022
Collective Funds
Cazenove capi￿ Charity Multi-Asset Fund
l(K)
loo
4 Trustees and related party transactions
DLiring the year none of the Trustees (nor any persons conneeted with them) received any remuneration
from the Charity (2022..£nil).
5 Employees
The Charity has no employ¢¢s (2022.. nop7¥).
10