The Cecil Charity Trustees, reFK)rt and unaudited financial statements Charity number 306248 31 March 2025
The Ce¢ilChrrity Tru8teM' fqrt and un&uditoJ fin&18] stat¢m¢nts 31 March 2(Q5 Trustees, report and unaudlted financial statements Contents Thlgtees And advisers Trustees, report Statement of Tnee3, responsibilities Independent examiner's report Statement of flnanclal adivities Balanee sheet Notes to the financial statements 8-10
7he Cedlchartty Tr5* re¥rt ond financial Staterntr 31 M8r¢h 2025 Trustees and advisers Trustees The following were TnteeS during the year: Lord Rc¢kley Lady Ro¢kl¢y Mrs Coreen Mcmeeken Mrs Claire House.Norn]an Mr Jonathan &rfxk (appointed 14° March 2025) Charity addrv5 Lytchett He Poole Dor%t BH16 6AE Charity Registration Number 306248 Investment managers Caz£nove Capitsl l London Wall Pla London EC2Y SAU Indepaident examiner Mrs J A Mutton FCA S&W Partners Audit Limited Chartered Accountants Old Library Chambers 21 Clllpper L Salisbury Wiltshire SPI IBG
The Cedl Charlty Truths" r¢tKSrt and wuudited finalla1 &tem 31 mh2o23 Trustees, report The Trnst¢es prewit their annual wort and UDaudit¢d financial stsnnts for t¥£ yeaT ell 31 Mah 2025. The fllwwial sta¢nnts ¢ompty with the Clthrity's Act 2011 and Acwunting and R¢wYting by Cknities: Statement of P£Gommthd PractiLY, appIlbk to chariiies pr¢twing dir aeeounts in aOrdae with the Financial R¢wting Sthndard applicable iti tk UK and RUbliC of Ireland (FRS 102). Structurei governance and managemmt The oTatiOnS of the charity ate governed by an Ind¢ntwe dat¢d IO. May 1907 as led by Schemes datrd 20. Septemkr 1912, 6. January 1948 ath128° Cktot¢r 1971. Under the t¢rnts of Indenttw¢, the pow of apInting new Trust¢¢s is Trtsted in th suTrivin8 or CODlinuing Trus¢¢s. Objectives and activitiey The obje¢tiv¢ of the chaTity is to award s¢11a[shipS or to beneficiaries unts the aF of 25, living within a tsn mile rddius of the Lythett Matravers Parish Chur¢l attending educational establishments. The Trn$8 receiTrE nunwous grant applirAtion letters throughout th¢ year. Thbi¢h are considered by the Tnte¢S at tsir m¢¢tings. Tr TnS discuss the merits of the app]ications and after taking a¢¢oimt of d fimds available, grdnts ar¢ approved. The Trus¢$ typically njake grnrtts to appropriate I¢f19rs of up to £400 (2024.. £4() T univety or College tsrni. These typiGalty will contin for th¢ duration of beneficiary's (commonfy. 9 totalling £3:(IKI {2024.. £3.600)). The Trustees n)ay also one off to iudiiriduals in exceptional ¢IStaD¢e$ to enabk them to furdJeT th¢ir educati(xi. Public benefit Th¢ Trnses have Consided the guidwKe wovided bj. the Cjarity Commission Thith regard to nlIng the publi¢ benefit objective. On reviewing their tivIlIeS the Tntstees telieve that The c11 Chwity is acling for dL¢ benefit of the public. Achievanents and perforniance Durin8 th¢ y¢ar inwme was £33254 (2024." £33,447) with charitsble donations totauing £45.700 of which £32.200 We made directly to me 27 (2024.'£36,000, ofM,lu¢h £32.000 to 37 Ipthvlduols). The Charity supm a music holarS])Ip FO8ramme with Lyt¢hett Minster School to proiry& w) to £5,5(Ki annum to fill 33 lessons every y¢ar for 15 sttknts 0wing musi¢al aptitude. The Clwity pmided £8.000 to Bounrmouth University to enable them to make sufv Braots directty to 10 students who are estranged fftDm theiT families. Financi81 review The Charity ontinues lo manag¢ its resources ¢ar¢fully. r¢lain2n8 a proprtion of its net in¢omtrA8 resou¢$ each year. The overall fula1 posilion of the Charity 1$ secured by the Val of the jn%EStnnt porfojio. There are no restrictions on tk Charity's to ijrt The ov¢rnll inv¢sttii¢nt Jx)Iw is to adopt a medium risk investtnent strategy lwd on a bakn¢¢ of Anwme and capitsl growth over the medium terni. The funds are held inthe Cn0 Capitsl Chanty Multt'_Asset Fund V¥hich is a long.terni investment fund with a diversthed strategy IntIllg in equities, nds. w0rtY and all¢maliv¢ assets. During the ?ear, the fiuxls have suffettd a fall in value of1.30/0. Whilst itisappointsn& this retlects the 8bp &cline in Val Gau%d by turnioiE in global stk nwk¢ts sio¢e the end of January 2025. The Trnstees Contin to belie thata dIveled global kw0110 ren1n$ lh¢ appI0)ate bng terni sts8*gy for the CbaTity.
The Cedlcknity Tr$. reprt and uwditsd finoncial stat¢m¢nts 31 MAr¢h 2025 The total fim(ts held at 31 March 2025 were £837.083 (2024.. £863.912). The Trnstees continue to invest the apital of the Charity in &cordan¢e with Ind¢nth. nthking out of income arising, Charity's usets Acquisitions and disp)sals of fixed asset investments thuing year are rded on page 9, It is th¢ Tnths. aim to distribu subsrantialty all the annual Incon after pyment of any expenses. Swplus ill¢ome is retsined in cash or reinv¢st(L The Tn$ review on a basis th¢ lthtl of income rewves that they consi&r appropria. Risk fadors The Tnte¢S have a&8¢ss¢d th¢ iisks to the Fwid's asxts and are satisfied that suffKient callrol$ are in pl¢ and this will b¢ sUbJ"t to regular review. Trustees. and employees. remuneration and expenses During tlLe year the Trnstees re£eived no xemuneration (2024.. £nil). The Clwity has no employees (2024.. none).
The Ceal Charlty Tft. rep)rt&nd untiA finarnial St¢m¢ts 31 Maroh 2(Q5 Statement of Trustees, responsibilities The Tn5 are r¢sp)nsibl¢ f(Y werIng the Tn$, Rert the fJJMn¢ial statements in awrdawe with applicabk law and Tegu]ations. The law apph'cable to clwities in En8Jand and Waks requites the trustees to prepre finala1 staments for each fuwicial year in &ccdance with United Kingdom &nerally Ac¢¢pt¢d Accounting Ptice (United Kingdom knounting Siandards and applicabk r¢8ulations). Ujmler that law the trustees must not approve the fmancial stst¢ments unless they satisfied that they 've a and fair view of the state of affairs of the clwity and of the incon8 resour¢es and application of res0w$ of the charity fw thatyear. In preparing these fla] ststeM¢ the trustees are rewired ¢0: sele¢t suitabk ¥xntIng )lIcIeS and then appty them l$kn. observe the metbo&s and prIlpIeS in the Charities SORP. • make judgments and accounting estiniates that are rCanabk and prnden¢ stste vthether appb'¢abk ¢ounting Sralld have been followe4 subject to any material &whre$ discloged and expla]wl in tk flllancial Statsmen and pr¢par¢ the fllwIGial stat¢ments on the going basis wlless it is inappropiiat¢ to w¢sume the Cknity will Contin in buwss. Tr Trustees responsibk f(r keeping prOr ac¢owiting rec(rds Viknh ar¢ suffi¢ient to show and explain the ¢harity'S transactions and disclose with r¢a)nabk a¢curxy at any lime the finKAal )SitiOn of charity and enable th¢m to enswr that th¢ finwKial statements comply V47th ts Charities Act 201 l. the chIll¢S (Accoillits and Reports) Regulations 2008 and th¢ PTthisions of the Indenture dad 10 May I9Y)7 as wied b). Schemes dated 20 SeptemlEr 1912, 6 January 1948 and 28 (ktober 1971. Tky are also respolbk for safeguarding the assets of the Ghanty and h¢wx for takiug ttasonabk sw fw the wei¢ntion and th*10n of fra1 and other irregularities. By order of the Trustees 14 November 2025 Lord Rockley (frnslee)
The C¢dl Chthty Trust¢¢s' and TMlted finala1 stst¢ments 31 Much2025 Independent examiner's report to the trustees of The Cecil Charity I report to the trustees on my eyamination of the axoiints of The Cecil Charity for £ year en&d 31 March 2023 which Comprise the stst¢m¢nt of finala1 activitie4 the balanc¢ sh¢¢t and th¢ llO¢S to th¢ accowits, including a summary of Si1Cant aOUnting poJics. Respertive responsibilities of trusteeg and examiner and b•sig of report As the charity's trustees, you are respnsibk for de weprallon of the aLKounts in acCOrde with requirements of the CbaTitRes Act 2011 (the ). I report in re$t of my exaMIOll of the charity's &ullts ¢arried out under s¢¢tion 145 of the A¢t and in rying out my ¢xamination I have followed all th¢ app'cabk Directions given by the Charity Commission wider section 145(5)(b) of the Act. Indedell1 examiner's stAtement I have completed my examinon. l ¢onfTh that no nla1 matters have con to my attention in coJme¢tion with the exaniillthon giving cause to b¢kve that in any material r¢sFct: l. aOun}llg records wer¢ not kept in resm of & ¢ban'ty as requid by sKtion 130 of the Act, or 2. the accounts do not accord with thos¢ records. or 3. th¢ Counts do notcompty with the applicabk r¢quir¢wts cOnrning the f(ffm al ¢ontent of the accounts set out inthe chIneS (Accounts and R¢ts) Regulations 2CM)8 otF¢rtlwk any r¢quir¢m¢nt that the accounts give a true and faiT view whKh is not a matter consitsed as part of an inthnt ¢xamination. I have no con¢ern5 and have come across no other nwtters in comwtion with the examination to which attention should b¢ drawi] in this rert in order to enable a proEer UnderdIng of the xcoiints to Lx reached. Mrs J A Mutton Fellow of The Institute of Cliartered AcCoUntts in England & Wales S&W Partners Audit Limited Chartered Accountants Old Library Chambe 21 Chipper Lane Salisbury Wiltshi SPI IBG 18 November 2025
Th¢ Cedlchrfty Trwtr¢s' reprt and unaudtled financial tstements 31 March ?025 Statement of financial activities for theyear ¢nd¢d31 March 2025 Nots Unre&tricted 2024 Inv¢Sthi¢ntict frLin litsj invulm 33,447 Total 33,447 Raising fjjnds CtwIta4c acti%itiesv gTaDtS ctwi'lRble a¢tivitie8. SlVPXt co$ (14( (4&7IAI) (Iw) {2270) (36.OW) (916) Total (49,468) (39,186) (IA21 {5.739) N¢t(ios8esy8AinS on inve&. Unreaiised (lQ615) 46,047 Y4e¢ movemeDt In fulld8 (829) 40,308 Futsj kn ir¢JJ8ht fcawd at l A1 823,604 L17,(*3 863.912 The notes on pages 8 to 10 fonn part of tlw¢ financial statements.
Tlie Cecilcharity Trustees rep)rt and unaudited financial stat¢nients 31 mCh ?0?5 Balance sheet at 31 Mtvch 2025 -Voie ?0?4 Ixed assets Ini'eskneJ)t¥ 789,451 CMrreDt Assets Cath at bank 49.718 64.1%8 CreditorJ: amounts fallSngdue Trithin one ye*r A¢cruals (1086) 1822) Nct currellt a&sets 47,632 Total 4$8ets less cunynt llabllltles &17.183 863.912 Fun(Ls unreri¢l fund 837, 863.912 ApproN'ed by the Trustecs on 14 Noi'ember 202) Lord Rocldey Tiustee
7he C¢¢ilCh(lty Truth$' reprt and unaudid financiAI 6tAt¢ments 31 mh25 Notes l Accounting policies The following acmting wli¢ies hav¢ been applied nSIstendY ill dealing with itans which are onsider¢d material in relation to the Tn'S stai¢ment& i) Basls ofpreparadon The fmancial statements have Iwi Prepar in ¥xordaDce with Acwunting and R¢ming by Charities: Ststement of Recommended ptice applicabk to chan'ties preparing their financial statements in accordance with th¢ Financial R¢porting stand applicabk in the UK and RepublK of Ireland (FRS 102) (effectiv¢ l January 2019). The financial statanents have be pryared under the historical $t nveI0 as Mlfied to include the r¢valuation of certain asse The Trustees confirm that the ¢lwity is a pubhc IKnefit entity as d¢fin¢d by FRS 101 The financial stat¢m¢nts are pryared on a going LnCern b&8iS. The charity is an unincoryorat¢d trus¢ nStirted under an Indenture dated I Maj 1907 and its registered offi¢¢ is Lett P(y)le. Dorset BH16 6AE. The chan'ty is r¢tered with the Charity Commission in England & Wales (No. 306248). Investmfflt incom¢ is LTedited in the peri in which it is receivable. Interest receivable is accountrd for on all accruals ba$. (Ul) Eypen Expenditure is T¢gnised on an u81$ basis as a liabilty is incurred ExndItUre includes any VAT which cannot be recovered and is rep)rted as a part of the exTendittut to which it relates. Grants are pay111ents made to third parties in fillther of the charitable objectives of the Trust. The ants are xcounted for where the Tn have to pay the grant without WndIti and the re¢ipi¢nt has a reawnable exp¢¢tation that they will Teceive the anL Other costs exinsist of costs n(t directty attributable to Chab]e eweuth.ture but which are in reS¢t of the general administration of th¢ charity and overall management of funds. (fv) Ift1e Investments are stat&J at mark.et Vah at the bala sbeet d*e. Realis¢d inv¢5tment gains and losses are ulculated as the difference tetween the mark¢t value at I. April 2024 or the value on the date of purchase if Iater and the value at W.th the investment was sold Unrealised investment gains and losses are calculated as th¢ diffenCe betTr"een the market value at 3 I. March 2025 and the value at I" Apnl 2024 or the value on the date of tha$e if later. All transactions are recor&d in the unresti1¢t fund All fithds are ffi'ailable to us¢ at the diretion of the Truste¢s ill fiwth¢ranc¢ of th¢ general objects of the Charlty and bave not beell desi8nated for any other purposes.
The Cecilch1ty TTUStees reprt and vnaudtied financial stat¢ment8 31 Mch ?5 (w) Tation The Charits. is a registered charity and therefore is not liable for income tax or corporation t&x on income derived from its charitable actiiities: as it falls M'ithin the various exemptions ai'ailable to registered charities. 2 Expenditure 204 Raising fiinds InNestment m&twment ClS ChaTitable activiti¢s Grants to iThJividuals for edueatiovwl pwws Grants to individS (adinii)Èstered IA. an iJstituli¢M) Clwritsbl¢ athiiilies- support Costs.. A¢eountsTKy lTrJepthdent ¢xamTn¢r's f5 (goTrrmanct costs) Legal fees Adinillistsation costs (1408) (2270) (32,21MI) (13,51) (32.0(X)) (4.(M)O) (4) 1360) {L?2) (94) Tot81 (49.468) (39.186) 3 Fixed asset investments Cost at 31 March 202S Market Iglue t31 M8Trh 2025 MaTk¢t value at 31 March 31 March Fi¥1 asset ini'estJnenls 763,616 789.451 763.616 Investments ilcre held in the Cazenove Capital Charity Multi-Asset Fund. The Charits, Multi-Asset Fund is a long-terni ini'cstment fund iiith a dii"ersificd strategv iniesting in equities. bonds, prOrrty and alternatIC assets. 202S 20?4 Market value ai l Awil 646 7)6.869 Le&8'. Thsposats at opening FKJok' i'al I) (2270) Acquisitions at ¢05t N¢1 (loss¢s)'8ain% on [tltion at 31 March {lQ615) 46.047 Market lue at 31 M8T¢h 789.451 800.&16
The Cealchanty Trwgtee$' reprt and unaudilKd fina10[ stat¢tn¢nts 31 Marnh ?025 3 Fixed asset investments (continued) Illvestments at m&et value within the CaTrnove Capital Multi.Asset Fund ¢(prIsed. 2024 Equti¢8 P4)nds Alt¢rnatiYes Cadl 379,S27 75, 1111625 563,551 96222 123.587 17286 Porfolio At 31 MaTch 789.431 materi inv¢stments over 5 /0 of the mathet value ofd p0110 are: Coll1Ve Fw¥Js Ca7aMve Captsl ClwityMulti-A88¢t Fund Iiy) ITh) 4 Trustees and related party transactions rwing the year none of the Trustees (nor any persLMS LXOllKCt¢d with them) received any r¢muneration from the Charity Q024.. £nil). 5 Employees The Charity has no employKs Q024.' none). 10