REGISTERED CHARITY NUMBER: 504332
R•port of th• Trust•es and
FIn￿cIal StateM￿ts
for the Year End•d 31st December 2024
The A B Grace Trust
Towers + Gomall Ltd
Chartered Certified Accountants
River
H￿h Street
Garsiang
Preston
Lan￿Shire
PR3 1WZ

The A B Grace Trust
Contents of th• Financlal Statements
for tho Year Ended 31st D•cember 2024
R•port of th• Trustw•
1 to 2
IndoPond•nt Examln•V8 Rewt
stst•m•nt of Flnanclal Actlvltl•s
Balanc• She•t
Note$ to th• Flnandal Stat•monts
6 to 9
Detalled SLitem•nt of Flnanclal Acilvltles
10

The A B Grac• Trust
Report of the Trustees
for the Year Ended 31st December 2024
Th8 trnstees Kyesent thèir report vAth th6 financial sLqtements of the chanty for the year ended 31st D8c8mb8r 2024. The
trustees have a(Jopted the provlslons ol knounong arKI Reportlr¥J by Charftles." Statement of Recommended Praclice
applicable to charities preparirvJ thelr accounts in accordance with the Financial Reporting Siandar(l applicable in the UK
and Rep￿liC of Ireland (FRS 102) (effective 1 Jawary 2019).
OBJECTIVES AND ACTMTIES
objectiv￿ and actlvlt1•8
Th8 main sattlement assets are held under iNsts included in Mrs A B Grac8's dated 13 July 1979. Tl* Special Will
Trusts have been fomally registered aNI have been engrafted onto the trusts of the original 1975 d88d.
In accordance with the Will of Mrs A B Grace Ihe inc(Kne from the Charity is applied ch*ttatAe purposes. specifically
for the charities named in the Will. The Charity cannoi donat8 to any other (t￿lties.
Th8 charities named In the Will arè as folk)ws:
Guide Dogs For The 81ind
Leonard Cheshire Disability
Christ Church. Over Vlyr8sdale
Royal National Lrfeboat Institijlion
Royal Society for the Proteclion of Birds
Royal S¢xiety for the Prevention of c￿￿lty to Animals
St. Helen's Church. Churchto*n
St. Mary's & St. Mich￿1.$ ch￿th. B
St. Peterfs Church. Scort
United Refornied Church, Gar5tsTr3
FINANCIAL REVIEW
Reserves policy
The TrLtstees aim to maintwb the reserves of the Trusi so as to ensure that Income availalAe lo meet future negjs is
maintained.
STRUCTURE, GOVERNANCE AND MANAGEMEKr
Governlng documont
The charity was establlshed by a Twst D8ed dated 5 June 1975.
The Trust is registered ￿1th the Chty COmnxssk￿ for ErKJland and Wales. Registered knbar 504332.
Recruitment and appolnlmenl ol new trustees
The current Trustees are Gordon Walker Bell. Janes lan Dkklnscffi, Pa￿ David Sandra DcYothy
Walmsley. The TNst8es have the power to appcint new Trustees as required.
REFERENCE AND ADMINISTRATIVE DEfAILS
Reglstered Charity number
504332
Prlnclpal addr•
4 WirKJsor Court
Garstang
Preston
Lancashi
PR3 1DU
Trustees
MrGWBell
Mr J l Dickin80n
Mr P D Grimwood
Mrs S D Walmsley (apOnt8d 6rir24)
Page 1

The A B Grace Trust
Report of the Trustoes
for the Year Ended 31 st December 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Mr M R Gomall
Towers + Gomall Ltd
Chartered Certified Accountsnts
River View
96 High Stre8t
Garstang
Preston
Lancashire
PR3 1WZ
Investment fund manag•m•nt
The portfolio of investments whlch generates the funds from whlch the trust makes charltable donations Is managed on
behalf of the trust by Investec Wealth & Investment Llmited.
I? .J.ULY.2015.....
Approved by order of the board of trustses on ......... .... . .
and signed on Its behalf by:
Bell - Trustee
Paae 2

Ind•pendent Examlnerfs Report to the Trustees of
The A B Grace Trust
Indopond•nt examlnerfB roport to tho trusts•s of Th• A B Gra¢• Trust
I report to the charfty tru8tees on my examinBtion of the accounts of The A B Grace Tru8t (the Tru8t) for the year erKled
31st December 2024.
Responslbllltlu and basls of r•port
As the charity truBtees of the Trust YOU are ￿spOn￿ble for the preparallon of the accounts In accordance wllh thè
requir8m8nts of the Charltles Act 2011 {Ihè Acr).
I rewrt In respect of my examinatlon of th8 Trusvs accounts carrfed out under Section 145 of the Act and In carylng OLrt
ry exaMIna￿On I h8ve followed all appllcable Dlrecdons gfven by the Charlty Commls61on under Sedon 145(5Xbl of th8
Ind•pondont •xamIne￿$ statement
I have completed my examlnatlon. I confim that no materfal matter8 have come to my attentlon In connectlon with the
examlnatlon gfvlYvJ me caus8 to bell8ve that In any material respect
accountlng records were not k&pt in r8spect of the Trugt as requlred by Sectlon 130 of the Act or
the accounts do not accord wlth those records,. or
the accounts do not comply wlth th6 applicable requlrements conc8mlng th8 fonn and contsnt of accounts 8gt out
In th8 Charft188 (Accounts and R8POrts) R8gulatlons 2008 other than any requlrèmènl that th8 accounts give
truo and fair vi8w which18 not a matter con8ider&d a8 part of an Independent examination.
I have no conèerns and have come across no other matters In connectlon wllh the examlnatlon to whlch attenllon should
be drawn in thls r8POrt In order10 8nabl8 8 prop&r understsndlng of the 8¢counts to be reached.
Mrm R Gomall
The A88oclallon of Chart8red Certlfied Accountants
Tower8 + Gomall Ltd
Chartered C8rtlfled A￿Juntants
River V18W
ge High Stre
Garst8ng
Preston
Lancashlrg
PR31WZ
9-1-15
Page 3

Tho A B Grace Trust
Statement of Financial Actlvltles
for th8 Y•ar Ended 31st Dacomber 2024
2024
Total
thjnds
2023
Total
funds
Unrestrkted Restrlcted Endowm8r
furld
nd
fund
Notes
INCOME
Investment income
Other in¢orne
48,501
48.501
47.112
15.140
Total
51.156
62
99 657 ￿52
EXPENDITURE ON
Charltablo actlvllle8
Charitable Distributions
59.0
59,0
60.oc
NET INCOMEI(EXPENDITURE)
(132&5)
27.121
(10.780)
RECONCIUATION OF FUNDS
T¢)tal funds broLwJht forward
27.299
1.139.309
1.166.608
1.1TI.388
TOTAL FUNDS CARRIED
FORWARD
1179715
1 166608
The notes forni part of Ih8se finan(aal statements
Page 4

The A B Grace Trust
Balance Sheet
31st December 2024
2024
Totsl
funds
2023
Totsl
funds
Unrestricted
fund
Restricted
fund
Endowment
fund
Notes
FIXED ASSETS
Investments
1,176.356
1,176,356
1,119,141
CURRENT ASSETS
Debtors
Cash at bank
1.168
54,499
15.870
3,823
19,693
55,667
CREDITORS
Amounts falling due vhthin one
year
(1,856)
1464)
(2,320)
18.20D}
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT UABILITIES
14.014
1,179,715
1.193.729
1.166,608
NET ASSETS
14,014
1 179715
1 193 729
1.186 608
FUNDS
Reslrlded funds
Endowment fvftd$
14,014
1179715
27.299
1139 309
TOTAL FUNDS
1193 729
1 166 608
The fln
ncial 8tatsments were approved by the Board of Tru8tees and authorised for Issue on
19.. yu&.y...4o.l.S..... an(J were slgned on It8 behalf by:
W Bell - Trustee
r J l Dickinson - Trustee
Mr P D Grlmwoo
Mrs S D W8lmsley- Truslee
The notes forn part of these financial ststements
Page 5

The A B Grace Trust
Notes to tho Flnancial Stalements
for the Year Ended 31st December 2024
ACCOUNTING POUCIES
Basis of Pfeparing the flnanclal stat•m•nts
The financial statemènts of the chty. vknich 1$ a public b8r•efft enuty under FRS 102, have been prepare(l in
accordance with the Charities SORP (FRS 102) 'AccO￿￿'r¥j and ReportirMJ by Charibes: Statement of
Recommended PractKe apFdiGable to charit*s prepariNJ thar acccAmts in accordance ￿ the Financlal
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) {effectiv8 1 January 2019).. Flnancial
Rep¢JrtSng Standard 102 The Finartlal ReF#Ming Standard applicable in UK and R8public of Ireland, and the
Charities A£t 2011. The financial stat8m8nts have been prepared under the historKal cost conventlon, with the
exception ￿ invesln*nts whM* are irtjuded at mathet value. as mOthfi￿1 ty the revak￿M)n of certain a68ets.
Inv•8trn•nt in￿m•
All income ts recognlsed In the Stalement of Fina￿lar Actsvithes once th8 charity IkAS enbtlwnent to Ihe funds, It 1$
probable that the income %*ryll be received ￿ the arn￿t Gan be measured reliabPy.
Expèndlturè
Liabilities are r8cts3nised as eXp￿dItijre as SO￿ as there is a legal or co1￿￿ obligakn committiffj the
charity to that expenditure, it is probable that a transfer of economic bgnefiis be req￿red in settlement and
the amount of the obligation can be Measured r8knab￿. Expenditure is a(xounted for on an axruals basis and
has been dassified under headiNJs that a93regate all cost related to the category. Vthere costs cannot be
direcuy attributed to particular headirKJs th8y have been alkKabJ to athitses on a basis ￿nSiStenI with ts us8
Grants offered subject lo condilwJ)s have not be8n m8t 811h8 year end date are noted as a commltment
but not as 8xp8nditixe.
Taxation
The charity is exempt from lax on ib tharlable *prfibg&
FurKI accounting
ReStr￿ted funds can only be used for partular restricted purposes ￿1n the objects of ihe charity. Restrictions
arise when specified by the donor or when lunds ar8 raised for particular restiict8d purposes.
Quoted investrnents have been valued at rTm&ma￿et valu8 in accordance wilh ts Investec valuation at the
Balance Sheet date. Any unrealised gaj'ns or k)sses on revalLHticY) are shown in the Statsment of Financial
A¢tivib'e$ as 'Other Incom8'.
INVESTMENT INCOP&lE
2024
2023
Fixed Interest St(
Ordinary Shares
Unit Trusts
Bank Interest Received
5.691
17,378
24.822
610
1.416
16.537
28.023
TRUSTEES, REMUNERATION AND BENEFITS
There %*Ère no trusteès. ￿mUneral#￿ or other ber*fits k)r the year errfled 31 st De¢￿ber 2024 nor for the year
ended 31st December 2023.
Trustees. expenses
There were no trustees, expenses p*d kn the year 3181 December 2024 nor for the year ended
31 st December 2023.
Pag8 6
continued...

The A B Grace Trust
Notes to the Financial Statements . continued
for the Year Ended 31st December 2024
COMPARATIVES FOR THE STATEpAeNT OF FINANCIAL ACTMTIES
Unrestitted
Restiided
fund
Endowment
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Inv8Stment in￿)Ma
Other ￿CoM8
47.112
47.112
Total
EXPENDITURE ON
Charltablè actlvltl••
Charltable DistrlbutN)n8
60.0(K)
Total
NET INCOMEI{EXPENDrruRE)
(14,608)
3.828
{10.780)
RECONCIUATION OF FUNDS
Totsl funds brought forward
41.907
1.135.481
1,177,388
TOTAL FUNDS CARRIED FORWARD
FIXED ASSEf INVESTMENrs
Listed
investrnents
MARKET VALUE
Al 1 st January 2024
Addilions
Disposals
Reva￿alK)n5
1.119.141
237.938
{231,879)
Ai 31st t)8¢8mber 2024
1 176356
NET BOOK VALUE
At 31st D8C8mber 2024
At 31st CiecemLEr 2023
1 119141
The trusfs investments we solety manwJed ty Investe¢. As such. they are Ireated as knvestsnenl assets in the
UK.
Cosi or valuation at 31 st December 2024 Is re(K8s8nted ty:
Listed
investments
Valuatlon in 2024
1 176356
Page 7
c¢Jilinued...

The A B Grace Trust
Notes to the Financial Ststements - continuod
for the Year Ended 31st December 2024
DEBTORS: AMOUNTS FALLING OUE wrrHIN ONE YEAR
2024
2023
Tax repayn￿l daim
CREDITORS: AMOUNTS FALLING DUE WIThIN ONE YEAR
2024
2023
Accountancy accrual
St Petsr's Church. Scorton
2.320
2,200
2.320
8,200
MOVEMENT IN FUNDS
Net
movement
funds
Al 111r24
31112124
R•strl¢ted funds
Restslcted Income FUTh
27,299
(13.285)
14.014
Endowmènt funds
Pernianent endo¥*ment fund
1.139.309
40,406
1,179,715
TOTAL FUNDS
1 193 729
Net movement In funds, induded in the above we 8$ follm..
Incomir¥J
Resources
Movem8nt
in ￿ndS
Restrfct•d funds
Restricted Income Fund
48.501
(61.786)
(13,285)
Endowment fvnds
Pemianent endowment fund
51.156
(10,750)
40.4[
TOTAL FUNDS
99.657
comparat1￿8 for movwnent In funds
Net
movement
in fthds
At
31112123
At 111r23
Reslrlcled lunds
Restricted Income Fwwj
41.￿7
{14.608)
27,299
Endowment funds
Pemianent endo￿nent fund
1,135,481
3.828
1.139,309
TOTAL FUNDS
Page 8
Continu￿1...

The A B Grace Trust
Notes to the Flnancial Statements - continued
for the Year Ended 31st December 2024
MOVEMENT IN FUNDS - wrtlnu•d
Compardtive net n*>ve￿t In funds. I￿luded in th8 above are as fdlows:
Incomiro
Resourc8S
experKled
Movement
In funds
ReStrfeI￿ fund8
Restricted Incryne Fund
47.112
(61.720)
(14.608)
Endo￿nI funds
Permanent endoThnt fiThJ
15.140
(11.312)
3.828
TOTAL FUNDS
62.252
A current year 12 months and wior year 12 months cOmbw￿d pO￿￿n is as ftIIow8:
Net
movem￿(
in funds
Al
31112124
At 111r23
Restrlcted fvnds
RestrKted Income FWKI
41.￿7
127.893)
14.014
Endown*nt fvnds
Pemian8nt end1￿*m0nt fund
1,135,481
44.234
1.179.715
TOTAL FUNDS
1.193.729
A Gurrent year 12 months and prior year 12 months COmb¥￿d net Move￿ In furKls. kncluded in lh8 aiK)ve are
as f(AIow5:
Incixniry
Resources
resww expended
Mov8ment
¥1 funds
R•81riCt￿ fund•
R&st￿d lThy)me FUNI
95.613
(123.506)
(27.8931
Endowrnont funds
Pemian8nt endo*Thent fund
(f2,062)
44.234
TOTAL FUNDS
161,9)9
(145,568)
RELATED PARTY DISCLOSURES
There were no related party transxtknns for the year ended 31sl December 2024.
Page 9

The A B Grace Trust
Detailed Statement of Financial Activities
for th• Year End6d 31 st Dec•mber 2024
2024
2023
INCOME
Invulm•nt Incom•
Fixed Interest Stocks
Ordinary Shares
Unit Trusts
Bank Interesl Recerrfed
5.691
17.378
24.822
610
1,416
16,537
28,023
48.501
47.112
Other Incoff
Gain on sale of inlangible fixed assets
51,156
Total Incomlng res￿r¢¢6
99,657
62.252
EXPENDITURE
Charftable actlvltles
Charitable Distrft)ulions
59,IXTrI
60.OIJJ
Support costs
Gov•rnanco costs
Man￿eMent and Administralion
Total resour¢es expendod
72.536
73.032
Net In¢omo1(•xpondlturn)
Pa98 10

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