REGISTERED CHARITY PalMBEIL' 504332
Report ofth• Tru•tso8 and
Flnanclal Slatsm•nts
forth• Y•ar End•d 31•t D•c•mbw 2025
The A B Grnc• Tnwt
Tth%*r8 * GomaH Lld
Chartor&J Cerbfiod Accountant¥
Rfver Vknv
96 H￿h Street
Ggr3tsng
Prgs(on
Lanc4shlTO
PR3 1WZ

The A B Grace Tn￿t
Cont•nts of tho Flnanclal Stat•ments
for Ih? Year Ended 31st Docomber 2025
P•9•
R•port of th• Tru•ts••
1 to 2
Ind•p•nil•nt ENornlnof• R•port
Ststsm•nt ol FlTr•ncll A¢¢l¥ltl
Balanc• Sh￿1
Not•• lo th• Fin￿￿•7 St•t•m•nts
8 kj 9
etsll•d Bt*tsm•rt of Finw¢Fo1 Actiblll••
10

The A B Grace Trust
Report of the Trustees
for thg Year Endod 3181 D•cembor 2025
Irustee¥ pre￿t thdr wth the fmrth*l Slat￿nts ofthe charity forthe yg¥r w¥Jed 31st Doc9m￿l 2ff25. The
INsl•e$ have wJ¢)plod tho prov151ons of A¢¢ovnllng Report*wJ by Cha￿8$. Stslew*nl of Re¢ommeThJ8d Ptaclke
appr￿ab￿ to chorfrttg thelr AC￿Unts in actO￿nCe th¢ Flnand81 Roport*¥ Standard apF4k8ble in tho IJ<
{FRS 102) (gif&* l Jonuary 20101
CBJECTives AND ACTivrrEs
ObJ•cllv•• •nd •clivit*•
Thfr man setlement 895etg hdd UN1&1 Iwsts ilKJ￿￿ed in Mrs A B Will dat8d 13 1979. The Sped81 IMI
Tn*ts havg been lom￿ty w181grgd 0￿j t*en erwatsj cfitothe tnjsts oflhe wvjlnal 1975 dg9d.
In arAordanco wkn tho Ml of Mts A 8 Grace the inclyng from th8 Clwltyls 8Wled tr chgwll*Èk pu4x689. sp￿lty
fr*the ¢h81ikn named In tho WIM. Th Charfty cannot donats to Bnyothercharltias.
dwrili88 nam&d In th8 V¥lll are BB fr4kThv8:
Guth Oogs ￿rTh¥ 811NI
Lwnard Chèshhe C4sabilty
Chwist Church, CfveT
Royal Natic¥ial Lifthat In8titd
Roy81 Sc¢*ty fc*tr* Pfole¢lOon of81rds
Roy•l Sc¢bty Pr￿nt￿Th ofCrL* to AJ4m*¥
SL Helen'8 ChuK*. ChuTchtoMI
SL Mary'8 & Sl. ￿er6 Churth. Bonds
St. Peterf8 C*M￿h, Sc4)rton
NANCIAL REIIIEW
R•MN•8 poll
The Twstees akn to maint•n I￿ of tho Tntsl w as to en8uTe trAI ov¥Ith mget b)lurfy n8•Y¥
makntslwl.
STrUrnIRE, GOVERNAIICE AND MANAGEMENT
Gov•mlng document
The c*arity was 8*at4i6h8d by a Twsl twd dobj S ju￿ 1975.
Tho TrL*t Is rnp18iernd M4th th& Charfty Cornm￿0￿ for Erylond WaBs. ROstored ￿mbpr504332.
Tt* Tw81oe8 &re GoTth*n Bell, Jamès Ian D*klnson, pa￿ Da¥id Grknwx)r*J *J ChYiAhy
Yl8lmslgy. Th8 Trust985 pwr to apFdnl new Trustegs a$ rnquired.
REFEREMCE AND ADMIIUSTRATIVE DETALS
R•gl•t•rnd Chwlty
Prfnclp•l •ddrM•
4 Wlrthcf Court
Gar¥lBThJ
P￿ton
Lanrxshlro
PR3 1DU
rGWBel
Mr J I f4cklrwi
Ur P D Grlm¥Kod
MrB S D Walm8l&y
Pag• 1

The A B Grace Trust
RoPQrt of the Trust0•5
for thé Y￿r Ended 31st December 2025
REFERENCE ANO ADMII4ISTrAMVE DETAILS
Indop•nd•nt Exarriwr
Mr M R Gom811
Towers * Gcmall Lfd
Charte￿d C8rtffj•d Acc£*untarts
96 Hjgh Streot
Garstang
Preston
PR31WZ
Inw•stmwnt fvDd m￿aY•m*nt
Thè porfolio of investmènts ynerÉt8S the funds ffom thch the ijtjst fflek￿ ch8rtabb (knatFons Is managgd on
behall of lh& twst ty RathlJone¥ Invgstsn¢nl M8nagem&rt Linhed. The [￿11(*9 w89 pwIou8￿ by IFWOStgc
we￿i￿ & I￿stsT￿ ur￿1￿ vnbl (É trans[eTh￿ to R8trth)rns 12 April 2025.
L7....JvA£...2r*%. oTrd8lgned on Its bds911 by:
Approve(I by orderof the bD8nl of Iwste88 (¥t...... -
ell- Tnthe

1ndèp0nd￿l Examlnarfs R•port to the Tru8ts•s of
The A B Graco Trust
knd•p•nd•ftl •xamln•rf• r•porf toth• InAt￿O 01 Th• A B ¢3ra¢• Trn•t
I report to thè (*8rity trusteee on my examwhx of the 8¢¢ounts ofThe A 8 Tntst (the Truyl) ts)r lh6 yew eTrJed
31st L)era)knr 2025.
R￿p￿¥1b￿lIlleI and b￿1$ olieport
As tho tharlty tru*oss of Ihg Tr￿1 you ar¢ for lh8 wepwatlon of the ￿￿JnI# In
r8ry4remonts of the Chadtl•s Act 2011
I rwrt in rs¥p&X of my examlnakn of the Tn￿t'S accounts rarTled oul under SeL*on 145 01 tho AL* ?nd In cwwr¥J Qut
my oxamlnaucth I have all 8ppJieat4è Dirgctlon$ 9N8n by th& Chartty Conwnlsslon Sedon 145(SXb) of tho
Indo￿nd•nt 0￿MInets •t•tsm•nt
I hBve Compl8￿ my ￿n￿natI￿. I C4th that no fflatorfal fflatlers ha￿ cm kn my *it￿tIc￿ In ¢tynn•cl¢n wlth U*
•xarnlnatlon ¢aU80 to bqllo¥0 Ihal in any matorial vvsp8¢t'.
9¢￿￿ni#￿ records kept Oft￿T￿J8t aswtred ty s￿11¢• (lthe A¢L' or
tho aCc￿nts th rKJl accord t￿th those records.. or
the acccKtnts c(*npty wmh awkable requlrements the fm Ind ￿￿nI Of￿￿nts 8&ttyA
in thè Charits•s IAcwints orKS Repgrt51 Regulalyons 2008 elhor than aiy requff￿nt ttsl Ihe accourtg
and tslrvlow wh*h Ls not8 matt•r¢onsk*r8(J 08 part of an Inde￿danI ￿￿￿l￿aknn.
b• drn4vn In c¥d8rlo •n￿b￿ a prnp8runder81aThlrffj oflhe acr￿nts to be Texhod.
R Gomal
T¢Jrn + Lt
Rryervbw
96 Htgh Str•et
Garntary
Prnston
Laneashbr
PR3 1V4Z
Page 3

The A B Grdce T￿￿1
ststomeTrl gf Flnanclal Actfvltle8
for th• Y￿r Ended 318t Decembor 2025
25
Totsl
fiJTrJ$
2024
TotAI
fund
Notes
W4COIAE FROII
47.9S3
47,953
48,501
Tatal
47
Ch•rlt•bl• •￿¥111•*
cha11tab￿ Db6fFthlons
59.1)Q)
13
rolal
61.867
INGOMEqEXPENDmAIEI
{4J771
59,283
27.121
CONC1UATK￿ OF FUKIS
Tolal fvThJ8 fvrwanl
14.014
1.179.715
1.193.729
1,186,e08
TOTAL FUNDS CARRIED
FORWARD
1 193 729
Thè nth$ k)nn pert oftr*se f1nènd8l8ithn￿l%
Paw4

The A B Grace Trust
Balan￿ Sheot
31st Docembgr 2025
2Q25
2024
Tclal
fitnd8
fund
fund
lund
FIXED ASSETS
Inveslmonts
1,240,544
1240,544
1,176.356
CLIRRENT MSETS
Cash 81 bank
11.585
3a17
14,gY
19.693
CREDifoRS
Amcunts or
11,9481
14861
12.4341
{2.320}
NEf CllRRENf ASSETS
12
17
TOTAL ASSETS LESS
CURRENT UABIUTIES
9.637
1243.375
1,253.012
1.193.729
NET ASSETS
9.637
1243 375
1253 012
1 193 729
FUNDS
R•strieted fund5
En¢lVWff￿nt fund8
9.837
14.014
75 1 179 715
TOTAL FUND8
2 1193729
Thè fin0￿￿&1 8tstement8 Mre approvgd by the Boaro of TrLF6t•gy and au1￿$•d for r88u• on
7.AUelA..2p.2a... and ww¥ $hJe(l on tts b¢lKgllby:
B¢ll. Tw8te8
J l Llc*inwn. Tiustee
Mr P D TA￿tse
s r) Waliii*y- Trusteè
The r#)tesftrfm part ofth8Ee fwrKa81 stsl¢monts
Page 5

The A B Grace Trust
Notos to tho Flnthnclal Statements
for the Y8ar Endod 31st Docgmb•r 2025
ACCOVIITING POUCIES
ofprwrlng th• flnw¢W •tst•mn¢o
The finartl41 ststthnts d the ch￿. *thleh is • ￿nOrrt ur*Jèr FRS 102. have beon wep8r•J In
¥¢cordarKg vAth the Charftl88 SORP {FRS 102) AGcounitr4 and ty charfl￿$. Statement of
Recommended Prnctice appl￿ble to ¢h811￿e￿ prop8rn9 th* xcKJunts In accudm th the Flnarrial
Roportlw StAndgrrf applkgblè In th& UK and Rgpubk ol Ireland {FRS 1021 leffociive 1 January 3)19r. Fth8￿1
Repoitiiyd Standard 102 Tr Fin&r￿* Rewting s￿dard aW¢c8ti18 In th8 UK aTrJ ROw￿le of lYÉlar•S And
Ch3ri1ie$ Act 2011. The tharKial staiemgnts ha￿ wop8r¢d undgr th8 hlst&lcal ¢ost corhvenikn. ¥￿th tho
8x¢epth)n ollnveslmènts whk* 8T9 Indud•d 81 mgt*st v¥lug. 88 m(Kllfigd by thg reVaI￿￿on of certaln as60ts.
In¥￿tmont Inco
I Inoyne 1$ re¢wL90a h) the siJiemonl of F￿￿￿[al once th& ch8rlty hag erfikmonl to ts lund8. tt1$
Proba￿ that thè wwmè be ¥￿eN$d aTKI ts am¢)￿1 bg Nw$urgd v9tlably.
ExwndStur•
LlaNtIUes 10cog1ms￿ 8$ aB 600n as there Is a legal or constDJdlve O￿lgatIon cornm￿1￿ thè
tholty to that oxpendbwro, It Is pr¢b8ble that 8 tr￿Sfer of econo￿ tenefits be fequhod In s&ttl8mant And
tho ￿￿oUnt of the obli9ation cgn be measured ￿1iabty. ExFxndlbJrfr 18 lor cn an b8*8 8nd
has been dèssSlled und&r hsadlry thet awegaio all cctst r8fated to tha cat&Jory. Ivhare c￿sts earmt bs
dtredty gmrfbuted to path￿al I￿adi1￿ thèy ha¥a boèn •lk¢gted to oc1m1￿ on a b8ws ¢￿SIstert vlth th•
of reS￿rces.
Grants offered wbkcl to ctA¥JiIv￿s nol bgBn met at the year end ¢Jate we noted as a c(ffimarwnt
Tho exwfram ts¢hathtA¢ a¢lbths.
Fund •¢countlng
art60 when yollad ty lh$ dcmr or*tsn fvndb are ra188d kn p8rtsr#Jlar Te8tr1ded purwJsg8.
a￿d Inv0511r￿S have been valued at nw¢Sm8thet ¥•￿ In whh Rothbong5 valuaocfi at the
Bal•￿ dato. kny un￿￿(sed galns or logses on ￿￿luatiOn aré Sh¢Y￿ in Ihe slat0T￿nI of Finandal
Aclth es f)ther IwMme'.
INV&ThENT INCOME
2tr25
Int4rn8t Stoc48
Or(Iln8ry Shores
Urat Tru8ts
Bank I1￿8r88t Recelwed
10.508
18,424
18.TT7
244
5.691
17,378
24,822
610
TRUSTEEV REMUNERATION AMD BEhEFITS
There waré no trust￿. remun0rf￿ or other benefft8 for tha year ondod 318t Do¢￿trr W25 nor lor tho y
•r#l8d 31st [￿Mbtf2O24.
There Were truste80' ¢xponfjs• pold lor tho year ended 3181 Deeorthr 2025 Th)r for th8 year 8ThJ8d
?1st C*ceffttsryr2024.
P•Je 6

The A B Grac• Trust
Not08 to tho Flnan¢lal Statement8- eontlnu•d
for th• Y•ar Endod 31st Decembor 2025
COIIJPARATIVES FOR THE STATEMENT OF FINAMCIAL AcmvmES
Unr•$tricltrJ
Restrl¢ied End(rrtment
fund
fvThJ
fvnd
Total
INCOME AND ENDOWMEi¥fs FROM
InVestm￿t Inw
48.501
48,￿¢
51.156
T*X41
51156
EXPENDITURE ON
h•Mtabl• •ctlTthI•s
CharltaNe DIstrItr￿￿cTh8
13
10 ￿36
72
NET INCOMÈIIEXPENDITURE)
(13,2651
27.121
RECONCIUAnoM OF FUNDS
Total fvnds fw8rd
27.299
1.139.309
1.166.608
TOTAL FVKIS CARRED FORWARD
14
14 1179715
FIXED ASSET INVESTIEt4TS
Llsted
MARI￿ VALUE
Al 1st Jarthry 2025
A￿ditIonS
DispD¥als
Reva*JaUon6
1.170.&
290,232
{299.241)
At 318t 0￿￿ter2025
40
MET BOOK VALI
At 31•t OeLxmbw2025
At318t De¢gmber 2024
Tha misvs tm16strnents 80k8ty Thwn•y3d ty RathbonaB. As S￿h, Ilw af8 tr￿tod as Inw8tmonl ¥$￿ts In
Cost orva￿9bl)ft gt 31st C*c8mt•r2025 Is rwr8￿tsd ty..
In¥•¥bn￿lS
V8lu81th kn 2024
40
Pag6 T
conlinued...

The A B Graco Trust
Noto8 to the Financjal Slat•monts- ¢ortinuod
for thè Year Endod 31st D•cbmbor 2025
CREDITORS". AMOUNTS FALLING DUE wrrMIN ONE YEAR
2025
2024
)untsnty ac¢N
MOVEMENT IN FUNDS
rnDvemw
in fvnrts
Al 111125
31J12125
R•Btrlct•d fund
14,014
14.371
9,637
EndownMnt funds
1,179,715
1243,375
TOTAL FUNDS
53
1193T29 ￿&3 aL12
mov¢m•tt kn fwKI8. hduded In th• arè as
Incom￿ Rowuyw Mov¢ment
In lund$
47953
152.330)
14.377)
Endowmfrnt funds
pern￿nent 6ndrA￿entI￿nd
73.197
19.5371
TOTAL FUNDS
Comptrall¥w forn￿￿￿nt In fvnd•
At 111r24
31112r24
R￿￿￿e1•d fund•
R¥81ithd Income Fund
272
1132851
14,014
Endowmenl fvnd•
Perm8Mnt fuThl
1.139,3CIJ
1,179.715
TOTAL FUNDS
1193 729
P&Je 8

The A B Grace Trust
Nots8 lo thg Flnanclal Slalement8 - Wltinu•d
for tho Year End9d 31st D•c•rn￿r 2025
IOVEMEiif IN FUNDS- ¢onUnu•d
cA￿parat￿O n61 movèm8nt In ￿nds. Indudèd in th& abov¢ arn 0$ fc4ow8'.
lrtamlng
expended
In fur¥ts
R•¥trfEtsd fund*
Restrtded Fund
48,501
(81,7881
{13.2&5)
End+y*mont lunds
P•nnan2n¢ eThafftnl fur
51,186
(10,7501
40.4L
TOTAL FUNDS
99.657
A curfent yew 12 montr* F￿vrY881 12 ftp)nth$ ¢¢)mbhxd pothn Is 8$
movém￿1
In fund6
At
3111V25
At 111fL4
R￿trICI•d fvnd8
Rèstrktod IntAJrnO Fund
27.299
117,862)
9.637
Endowm•rt fvnd•
mianert 8nd(Tfftntfw
1.139.309
104.
1.243.3TS
TiJfAL FVP4D8
1166808 a04 Z012
A ￿￿10n1 year 12 ￿￿)nthS •xI y￿￿ 12 monlh8 wnbh*d not •) funds. inrauded In ￿ •bov• 8r•
a8 fd1¢)￿.
Ir￿Orn1r#￿
ReBWr￿ Movèment
oxp8rKled
In tur
Re8trfcted InLXXM Fund
(114.116)
{17,862}
Endty•m*ntfvndB
P8M￿nent￿￿Wl8ntfUnd
124.353
120287}
104,(166
TOTAL FUIIDS
RELATED PARTI DISCLOSURES
Thr• w8r• Tr) relaled party tsansa¢*knw br the ￿a￿end￿j 31st C*(*mber 2026.
Pago 9

The A B Grac• Trust
Dots11od Statement of Flnanc181 Aetlvltl•$
for the Y•ar Endod 31st D•c•mb•r 2025
2025
2024
Flx•Y Intgre8t Stc¢k8
CKknary Shargs
UnttTwsls
Bank Inter•8t Rocofv•J
10.508
18,424
18,777
244
5.691
17J78
24m2
610
47.953
48x11
Oth•r Incom•
Galn on sale oflnlangik41 aTwt•
Totsl Incomlng r••our
121.1
EXPEIXIITURE
CharflaA• prtiviil•¥
charfIa￿ tXstiibLdl
SupPort¢￿ts
Managernert AdmlThstraUon
N•¢ IrKom•
Page 10

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11 1113
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1111. 35
v¢
11 a
I I I
5195 311111 I JE
11 IEEIII I XJ
J Isaay
131, Ilji J j
111 1311111g:
lilli ljlillliii!!!]Iliij
V4*

i¥1
IIiIZi
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