The Cecil Charity
Trustees, reFK)rt and unaudited financial
statements
Charity number 306248
31 March 2025

The Ce¢ilChrrity
Tru8teM' fq￿rt 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 Tn￿ee3, responsibilities
Independent examiner's report
Statement of flnanclal adivities
Balanee sheet
Notes to the financial statements
8-10

7he Cedlchartty
Tr￿5* re￿¥rt ond financial Statern￿tr
31 M8r¢h 2025
Trustees and advisers
Trustees
The following were Tn￿teeS 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 final￿la1 ￿&tem￿
31 m￿￿h2o23
Trustees, report
The Trnst¢es prewit their annual wort and UDaudit¢d financial sts*n*nts for t¥£ yeaT ell￿ 31 Ma￿h 2025.
The fllwwial sta¢n￿nts ¢ompty with the Clthrity's Act 2011 and Acwunting and R¢wYting by Cknities:
Statement of P£Gommthd PractiLY, appIl￿bk to chariiies pr¢twing d*ir aeeounts in a￿Orda￿e with the
Financial R¢wting Sthndard applicable iti tk UK and R￿UbliC of Ireland (FRS 102).
Structurei governance and managemmt
The o￿TatiOnS 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
ap￿Inting 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¢1￿1a[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$￿8 receiTrE nunwous grant applirAtion letters throughout th¢ year. Thbi¢h are considered by the
Tn￿te¢S at tsir m¢¢tings. Tr Tn￿S discuss the merits of the app]ications and after taking a¢¢oimt of d
fimds available, grdnts ar¢ approved. The Trus*¢$ typically njake grnrtts to appropriate I￿¢f￿19r￿s of up to
£400 (2024.. £4(￿) ￿T unive￿ty 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 ¢I￿￿￿StaD¢e$ to enabk them to furdJeT
th¢ir educati(xi.
Public benefit
Th¢ Trns*es have Consid￿ed the guidwKe wovided bj. the Cjarity Commission Thith regard to n￿lIng the
publi¢ benefit objective. On reviewing their ￿tivIlIeS the Tntstees telieve that The c￿11 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 stt*knts ￿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 fu￿￿la1 posilion of the Charity 1$ secured by the Val￿ of the jn%EStn￿nt 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 C￿n0￿ Capitsl Chanty Multt'_Asset Fund V¥hich is a long.terni investment fund with
a diversthed strategy In￿tIllg in equities, ￿nds. w0￿rtY and all¢maliv¢ assets. During the ?ear, the fiuxls
have suffettd a fall in value of1.30/0. Whilst itisappointsn& this retlects the 8b￿p &cline in Val￿ Gau%d by
turnioiE in global st￿k nwk¢ts sio¢e the end of January 2025. The Trnstees Contin￿ to belie￿ thata dIve￿￿led
global kw￿0110 ren￿1n$ lh¢ appI0￿)ate bng terni sts8*gy for the CbaTity.

The Cedlcknity
Tr￿$. reprt and uwditsd finoncial stat¢m¢nts
31 MAr¢h 2025
The total fim(ts held at 31 March 2025 were £837.083 (2024.. £863.912). The Trnstees continue to invest the
apital of the Charity in &cordan¢e with Ind¢nth. nthking ￿ out of income arising,
Charity's usets
Acquisitions and disp)sals of fixed asset investments thuing year are r￿ded on page 9,
It is th¢ Tnths. aim to distribu* subsrantialty all the annual Incon￿ after pyment of any expenses. Swplus
ill¢ome is retsined in cash or reinv¢st(L The Tn￿$ review on a basis th¢ lthtl of income rewves
that they consi&r appropria*.
Risk fadors
The Tn￿te¢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 unti￿*￿A finarnial St￿¢m¢￿ts
31 Maroh 2(Q5
Statement of Trustees, responsibilities
The Tn￿5 are r¢sp)nsibl¢ f(Y we￿rIng the Tn￿$, Re￿rt the fJJMn¢ial statements in awrdawe with
applicabk law and Tegu]ations.
The law apph'cable to clwities in En8Jand and Waks requites the trustees to prepre fina￿la1 sta*ments for
each fuwicial year in &cc*dance with United Kingdom &nerally Ac¢¢pt¢d Accounting P￿tice (United
Kingdom knounting Siandards and applicabk r¢8ulations). Ujmler that law the trustees must not approve the
fmancial stst¢ments unless they satisfied that they ￿'ve a and fair view of the state of affairs of the clwity
and of the incon￿8 resour¢es and application of res0w￿$ of the charity fw thatyear.
In preparing these f￿￿￿la] ststeM¢￿ the trustees are rewired ¢0:
sele¢t suitabk ¥x￿ntIng ￿)lIcIeS and then appty them ￿l$kn￿.
observe the metbo&s and prI￿lpIeS in the Charities SORP.
• make judgments and accounting estiniates that are rCa￿nabk and prnden¢
stste vthether appb'¢abk *¢ounting Sralld￿ have been followe4 subject to any material &whre$
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 prO￿r 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 fin￿KAal ￿)SitiOn of ￿ charity and
enable th¢m to enswr that th¢ finwKial statements comply V47th ts Charities Act 201 l. the ch￿Ill¢S (Accoillits
and Reports) Regulations 2008 and th¢ PTthisions of the Indenture da*d 10 May I9Y)7 as wied b). Schemes
dated 20 SeptemlEr 1912, 6 January 1948 and 28 (ktober 1971. Tky are also respo￿lbk for safeguarding the
assets of the Ghanty and h¢wx for takiug ttasonabk sw fw the wei¢ntion and th*￿10n of fra￿1 and other
irregularities.
By order of the Trustees 14 November 2025
Lord Rockley (frnslee)

The C¢dl Chthty
Trust¢¢s' and T￿M￿lted fina￿la1 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 fina￿la1 activitie4 the balanc¢ sh¢¢t and th¢ llO¢S to th¢ accowits,
including a summary of Si￿￿1Cant a￿OUnting poJic*s.
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 acCOrd￿￿e with
requirements of the CbaTitRes Act 2011 (the ￿￿).
I report in re$￿t of my exaMI￿Oll 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.
Inde￿dell1 examiner's stAtement
I have completed my examin￿on. l ¢onfTh that no n￿￿la1 matters have con* to my attention in coJme¢tion
with the exaniillthon giving cause to b¢kve that in any material r¢sFct:
l. a￿Oun}￿llg records wer¢ not kept in resm of & ¢ban'ty as requi￿d 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 cOn￿rning the f(ffm a￿l ¢ontent of the accounts
set out inthe ch￿IneS (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 inth*nt ¢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 re￿rt in order to enable a proEer Under￿dIng of the xcoiints to Lx reached.
Mrs J A Mutton
Fellow of The Institute of Cliartered AcCoUnt￿ts 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¢nti￿c￿t frLin litsj invulm
33,447
Total
33,447
Raising fjjnds
CtwIta￿4c 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 A￿1
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 m￿Ch ?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
unre￿ri¢l￿ fund
837,
863.912
ApproN'ed by the Trustecs on 14 Noi'ember 202)
Lord Rocldey
Tiustee

7he C¢¢ilCh(*lty
Truth$' reprt and unaudi*d financiAI 6tAt¢ments
31 m￿h2￿5
Notes
l Accounting policies
The following acmting wli¢ies hav¢ been applied ￿nSIstendY ill dealing with itans which are
onsider¢d material in relation to the Tn￿'S stai¢ment&
i) Basls ofpreparadon
The fmancial statements have Iwi Prepar￿ in ¥xordaDce with Acwunting and R¢ming by Charities:
Ststement of Recommended p￿tice applicabk to chan'ties preparing their financial statements in
accordance with th¢ Financial R¢porting stand￿ applicabk in the UK and RepublK of Ireland (FRS 102)
(effectiv¢ l January 2019).
The financial statanents have be￿ pryared under the historical ￿$t ￿nve￿I0￿ as M￿lfied 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 L￿nCern b&8iS.
The charity is an unincoryorat¢d trus¢ ￿nSti￿rted under an Indenture dated I￿ Maj 1907 and its registered
offi¢¢ is L￿￿ett 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 Ex￿ndItUre 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 Ch￿ab]e eweuth.ture but which are in reS￿¢t
of the general administration of th¢ charity and overall management of funds.
(fv) Ift￿1￿e
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¢ diff￿enCe 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 di￿retion of the
Truste¢s ill fiwth¢ranc¢ of th¢ general objects of the Charlty and bave not beell desi8nated for any other
purposes.

The Cecilch￿1ty
TTUStees reprt and vnaudtied financial stat¢ment8
31 M￿ch ?￿5
(w) T￿ation
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
20*4
Raising fiinds
InNestment m&twment C￿lS
ChaTitable activiti¢s
Grants to iThJividuals for edueatiovwl pwws
Grants to individ￿S (adinii)Èstered IA. an iJstituli¢M)
Clwritsbl¢ athiiilies- support Costs..
A¢eountsTKy lTrJepthdent ¢xamTn¢r's f￿5 (goTrrmanct costs)
Legal fees
Adinillistsation costs
(1408)
(2270)
(32,21MI)
(13,5￿1)
(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, prOr￿rty and
alternatI￿C 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 [t￿l￿tion at 31 March
{lQ615)
46.047
Market ￿lue at 31 M8T¢h
789.451
800.&16

The Cealchanty
Trwgtee$' reprt and unaudilKd fina￿10[ 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* p￿0110 are:
Coll￿1Ve Fw¥Js
Ca7aMve Captsl ClwityMulti-A88¢t Fund
Iiy)
ITh)
4 Trustees and related party transactions
r*wing 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