2023-11-30-accounts

REGISTERED CHARtrY NUMBER: 1059539 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENOED 30 NOVEMBER 2023 FOR THE ANN D FOUNDATION MHA ltrathNJ naft* of M8dntyr• Huds￿ LLPI Limited I￿￿￿.￿ partnershy in E￿and & Wates Registered ¢X312313 Ckdk Tree Court ¢¥dlll Gate 8uslness Park CARDIFF CF23 8RS

THE ANN D FOUNDATION CONTENTS OF THE FINANCIAL STATEMEKrs FOR THE YEAR ENOED 30 NOVEMBER 2023 R•port •lth• TNst••$ 1 to 2 Ind•p•nd•nt Examln•rf• R•port stAt•m•nt Of Fln•n¢l•l A¢tlth• B•t•n¢• Sh••t Not•5 to th• FINn¢F•l Stst•m•nts 8 bj g

THE ANN D FOUNDATION REPORfoF THE niusTEES FOR THE YEAR ENOED 30 NOVEMBER 2023 The trusl88s presenl Ihf report ¥Mth thè finanrA¥ $iettnts ￿ tt for year erwknj 30 November 2023. The trust￿ havè adoKthJ the prwskn$ of Accounbng and Reportiry by Charth5'. SlaterTr8nl of Recomm8ThJed PraGti¢e applicable lo charitses prepanng their acctyjnts in aco)rdarKe wth th8 FinarKd R8pth"ng Standard appliftA8 In the UK and Rewblic of Ireland IFRS 1021 leffecli¥e 1 Jar￿ry 20191- OBJECTIVES ANO ACTIVITIES Objectives and alms Tha objective5 of Th8 Ann D F￿nda1th ar• lo yo¥k1e t￿￿>￿jrXts&S lor edLtsti¢M•I purposes. Grant maklng pollcy The charity responds to apFlicatir￿ lor want assknc¢. •ssesskYJ Ihes• on Iho basil OF th&r $utsLWy th Ihe I￿ahl of the charity's obj¢cts. Pvbllc benofit The InJst8es can ¢onfim) th81 IW havo I￿1h h duty ￿ Seckn 17 of the Charitie¥ Aci 2011 to hove du• rogartl ki pthlK bonefft gthdan¢o publi$hod by Ihe CC#nrr￿h￿. SvJnfficant acti￿￿8$ Ihal ￿ undarfcJk durlry the y•4r that dernonslrate pubtlc benefit 818 set oul t￿r￿. ACHIEVEMENT APID PERFORMANCE Ch•rft4bl• •ctlvltl•• The Ann D FeundatKfi ￿ants 01 £35,LIX 12022.. £70.0fy)I 01 £3,124.Q)J12022 . £15,000) dunn9 th¢ wr for a v8ri0ty of•duc•kn81 wIp)￿. FINANCIAL REVIEW Total incorn6 lor Ihe y¥8rwos £321,636 Oft ald b1[￿ IrthM￿(2022.. £80 Int•r•it oni¥l. Totsl exp•nthJr• for th• y•afw•$ £3.170.126wthlch hdudad a £3,IYJ].IXXI donakn to the UnfverBty ofCambrtdq•. Nel expenditure £2.848.49) 12022.. rn¢ ewnditur• £92.835}. •xpeThJrturn VAS unr•strlct•d In th• curront 4rn1 priw yew. Total fvnds al th• 30 November 2023 were £128,79)12022.. £2,977.2401. Th1$ was Ilw Ir•¢ r•8m$ •vall•N•. R•••rv• poll¢y The thafity'5 pdiGy IS to resorv•s at the dl8cr•lb)n of Ihe truste88 to 8UPP)rt woigcts In Ung th• charltAbfe obi8Ctfve¥. Inv•8tment pollcy The tluslees select inveslrnerrto which ￿eld Iha m&¥J￿rn on thg fuThJs rng¥d to rthlmising ri 8nd 8n$L￿n9 fuTrJs arg avalth use when wmred. FUTURE PLANS The chanty intends to coThlknu8 to OppO￿n￿O$ fvnds lry purpx 8nd In pwkutsr lo conlnuo to se￿￿ College. STRUCTURE, GOVERNANCE AND MANAGEIIENr Gov•rnlng docum•nt Tho Ann D FoundalK)Tr 1$ 8 c￿ritatI8 Trust estAt￿ under a InJ5t deed dated 16 Septsmber 1996. Mothod ol•l•ctlon of tvu¥leg• The primary criterion for the selaaion of a tNsts• is ￿ •thl inl8re8t ￿ the thanrrnt of éducalitin br ihè ywry. The difficult per￿d leading up to and duriThJ LmNer*ty edLKaim L8 a Parfp￿trar ccrtem of The Ann D FO￿ath.

THEANII D FOUNOAT REPORTOF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEIIBeR 2023 STRUCTURE. GOVERPIANCÉ AND MANAGeiiENT The organk4tiorwl 8tnJGtwe The (￿anISa￿on of mdves ¥rthY I1 frwf FoundatknrfB funLIs and whE 4Jpropriate Ihe donththi L4 the Fwndakn lurxts to silltable propds. Th fvn(ts are empostrd to r¥k by #y¥esbMnt xcwnts at x¥rofthe w BrAlsh CJEar¥vJ Banks Treasury Depoyl$. Indutdon •nd IAlnlTr4 oln trusty F￿n￿at￿n duthy th• Iry8e •J•quate hr rwtru$te81. trvstee itself the makn wJrre ol F•r¥iaty ￿ Ihe 3rn1 existr4J fx¥nmilmnts b• REFERENCE AND ADm1NMPATD￿ DETAILS R•gl¥tarnd Ch•rity numbor 1059539 Prln¢lpl •ddr••• IHW LtyYwT¢thrWn R¢•J Tochjtyton BRISTIX Bristd 6S32 4LF Tr￿leaS OrCDDob Mr9 A L BènnHW Indgp•nd•nt Examln•r MklA Oradirw na(rolMxlrtye L Llmiled liabiLty ￿rtner￿1P in Eryl•KI & VI• Reg1$le￿￿ n￿￿er¢X312JIj Elf•d Houl Oak Tree C￿rt Cardiff Gat6 P¥k CARDIFF CF23 8RS B4nk•r¥ 8ardays Leicesler LE87 2BB Dr C O Dob50n. TA￿tee

INDEPENDENT EXAMINER? REPORT TO THE TRUSTEES OF THE ANN D FOUNDATION Ind•p•nd•rf exarnlnees reportto th• trusttt¥ of The Ann D Fourthn I rerxxl lo charity trustees on my accwts c4 D FoLmdaOG¥) (the Trusll for tho y88r ended 30 Novem￿r2023. Rwdponslbllltkn and basls of report As Iho tharity Irusle8$ ol the Trust yw are resFX)th kn tha weporation of the w)yJnts in accordance wi¢h Iho requvements ofthe Charitss A¢1 2011 Cth6 Adl. I r¢port r85pecl of my exarninati￿ of Ihe Tr￿5v¥ accourts carrted ¢wt uTraer Sectkni 145 of the NKt and Sn catyng o my examin8tion I havè fo&Md wabfe Dtrectm giwen by the Charity c￿¢610￿ uTrJer SvKt&)n 14515llbl of the Ind•p•ndent examln•rfs Stat•mrt Since your charitys 9ross income e¥c4eded £250,(KX) y￿r ex8Th￿r￿ must b8 a menthr of a W8ted body. I can Confimi thal 18m qualified lo undertake the examinatyon beC￿$e l am 8 member of Assodalion of Chartore(S Car￿(1¢d countsn15. ¢M oflhe lislwj btsJ88. I h8ve Complet￿ rny exam￿￿tion. I ccfifimi that no malenal matters ¢c4n• to my att¥n￿On in connKlon lh• ex8minatv)n gNtng me cause to belleve thai in any mot•rial respecl.. accoundNJ rncords kept kn respect ofthe TNSI as requwed by S•¢tiM 130 olthe ACL" or tho aC¢fMJnts do not ac¢Nd with Ihose re¢ords'. or the arminl$ do nol cOm￿Y knlh the appwe roqwrnments ¢On¢•Mw￿ the fomi and contenl olt£c4JuTrts sel out In the Chartles IAccounts aNI Report81 RogulatKrf￿ 2LW olher than ony rfjqu1rem￿1 that the accounis give twe and fair wew Thjl a molter ¢0Trs#J8red 8$ Part of an iThYopendenl examingtim. I hav• no concms and h8ve corrn a¢m55 no other rnthw5 in *lth tho ¢xamlnalkn lo •ttoTrkn Sho￿ dra￿ In tNs rewt in orderto •nèbl8 a proper und8fStandirKJ of tha acwjnts to ￿ reached. IL9 mOrt￿r FCCA MHA (trading narne ofMo¢lntyre Hud¥￿ LLPI Limited liability partnwship in Erylar¥J & Wakns CARDIFF CF23 8RS P•Je 3

THE ANN D FOUNDATION STATEMENT OF FfNANCtAL AcnvmES FOR THE YEAR ENDED 30 NOVEMBER 2023 2023 Unrestricts(I Jnd 2022 Total fund$ INCOME AND ENDOWMENTS FROM Oonalions and legaC￿S 304.750 Inveslrnent incom• 16.886 80 Y4)t•l 321.636 EXPENDITURE ON Charitablo a¢￿¥111• Providln9 education￿ opPth￿ll￿s Donah'ons Supwl costs 35.000 3.124,000 70,OC Totsl 3 170126 NEf INCOAIEIIEXPENDIYURE) I2.848,4￿) 192.8351 RECONCILIATION OF FUNDS Tot81 fund5 broughl forywafil 2,977.240 3,070.075 TOTAL FUNDS CARRIED FORWARD 2.977 128 750 ￿40 The notes forni part ofllw finan￿ $terner P•ae 4

YHEAIIN D FOUIIDATIOII BALAPI¢E SHEEr 30 NOVEAIBER 2023 Totsl CURRENfASSET8 D•btvs C•sh at b•r* 40.990 129 2.979.367 CREDITORS Afftourds la￿n9 ye 10 {1,140) (2.147) NEf ¢lJRRENTO3SETS TOTALASSETS LÈ8S CURReNf UAeiLrr 128,750 2.977,2AO NET ASSEYS 2.977 240 FUNQS 7YJ 2 977 TOTAL FUNUS 2.977 240 wern •lgn8d on ila ty..

THE ANN D FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 STATUTORY INFORMATION The Ann O Is dtawity ilh(n It U￿ted lfjnfvn. Th8 wncapal addre55 is Hous•. LowTocktyon Rogd, To￿￿￿. Brtsld. 8532 4LF. The financial Statem￿ aro in Stsrkn3 Wl, Ihe cknaTh"tyS fvn(th￿ rAwr￿, ar¥J r￿jnded lo the nearest pound. The wnupBI acllvlty and nalum of the th& ed￿akn the yom9, partKularty h Ih8 dilficuw perfjj le•Jing Upto durw¥J edwtion. The $1gnffi¢6nt accounting Wicies ap￿￿￿￿ Its the prvporakn of tt￿5fr fManc1￿ 8talèments aro sot out betrw. These poliaes have been eornsi51onlJy aFvled lo a# year5 prgsontsd unloss olhemse 5t8ted. ACCOUNTING POLICIES BaSs olpr•p•rlng th• Ilnancknl ¥l•t•m•nts The financial State￿￿nts of Ihe charitabl& crmpony tx)d&r FRS 102, have ￿en p¥8pared Ln o¢¢or¢$nee witti I Chorities SORP IFRS 1021 Attovnting by Charibas". Statemanl ol Re¢Mvnendod Procllc4

pplicable to Charit￿8 preparir9 their o¢counts in accordaKe wih tha Finanoal Repwbng Sl8nd8rd Bpplicable In

Ihe UK and Republ￿ of IreLand IFRS 102 SIA Updats Bulletin 11 lellethe 1 January 20191,, Finan081 R8POrting $18ndard 102 The Financial Rewtin9 Stsndard ap￿I￿a￿e in the UK 8nd Repu￿￿ of Ird8nd' and th8 chan￿¢• Acl 2011. The financlal ststements have t¢en prepared underthe t￿￿tOrIc￿ ¢ost conventioTh. The chwlty h•5 prepared tha finand4 9tsteft￿ts In ￿aTrce wblh Accrmjntkng 8nd Repcmlng by Charflles.. stAtgrent of Recornmended Pracb¢e to thanlies prepanTrJ thair accounts in a¢¢ordance wllh the Flnancjal ￿e￿rffj Slandard applkalje in th8 UK and the Republic of Irdand IFRS 1021 leffectiv& 1 January 20151 in pr8fer8nce to the w¢J Reporfing by charit￿$". Statoment of Recommended Practico l$$v&J on l April 2005 %thich is relerred to in the ¢xtsnl re9vtsfyty)s iwjt ha5 thce been wIhdr8￿. ThLs has been dc in order for Ihe accowts to provid& 8 trvo aTrJ fair ¥7￿ in acCOrda￿e ￿th ￿ Gpn•rJlly Aecopled AKwnlng Practice effecttve lor r&portir poriod5 on or aftar 1 January 2015. The m••tS Ihe definition of8 PUt4K bwofit•nt¢ty u dorrM$tsated wllhln the Rgport ofth• Trust•e5. Incorne AJI income re¢ognised In Ihe Stslement ol Fina￿ Ackn￿￿8$ the Charity has onbYem8nl k• the funds, tt Is probable Ihal incJJrne wdl be r•¢ty¥•d. lh• can ￿ measur•J r￿la￿. Donatlon# Donaiion$ are a¢counlJ for 88 IrwnlrvJ r¢s(wrcos upm re¢eipt or wthen the ￿8￿P118 probablo and Ihfr arnount r8co1vg￿0 can be 8Stwnaled rgwty. irKryn• i% th d8lorTed v4hen the d0Th￿ ¥eclfie$ 11 musl be u8•d In lUlu￿ 8ccounting peri1￿5 or the (krnr has mu51 be mel before the th&rity h49 un¢onditional •ntilJèrnenl. Investmont Incom• In￿stment in¢ome15 recogrlsed on a r￿•814¢ bwis. ExpondOtur• LIa￿lIVeS are r8(x>gnised a5 Oxponditure as SC￿ as there 4$ a legal or eoAStructive obligation committlry the Gharity to thal exp8nditur8, il i8 rM0bar￿ thai a tr#r6fer ol eCorKffi￿ benefits be required in $dlernenl and the arrtswnl ol the obllgalion Can be rneawred relkqbty. Evnditu￿ is accounted on an a¢¢ruals basi$ and has been d8$$rf￿ under headings that aggreg8t6 ￿1 cost to tho ￿te￿. WhBf6 costs cannot be dlre¢Uy Oknbuted Io p8rtKular have been lo ac1p￿S on a basis consé&tent the u8e of resources. Expenditure on chari¢aN8 acMs (tsts inJr¥Bd ty the tharity in tha del￿ery of Its XO￿tIeS and services lor it5 b8nefio8rte$. It indude5 bJlh cr4ts that can be auctated dIre￿Y to su¢h thtie$ and Ihose Costs of an fvK4re¢t nature necessary to suppc¥i I￿n. Sipport costs arg thase thaL whrf5t [￿￿sSary io ddNer an thty, do no¢ thoMse￿oS or constitute Ihe wtr*rt ol Ihe thari18bl8 acti¥ty. I￿￿dES wvemaNt Q)Sts which #re those w5ts assouated meetiro the constibJtsOn￿ arKI statsrt(Ky wu¥remeTrts of the tharity and indLklè aceountanrry fees aTrJ costs linked to Ihe stratfjg￿ ofthe thaity. PwJe 6 continued...

T14E ANN D FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- Gontlnued FOR THE YEAR ENDED 30 NOVEMBER 2023 ACCI)UNTING POUCIES-¢•nlinwd Expendltum Grafits offere{$ SUt￿Ct lo Ce￿11￿"0nS h8¥e tx)I bew [1￿1 al Iho year eThJ dat8 are noted a$ a commltrnenl tyjt not accTued as expendituro. Th• tharity exernpt from lax￿ It8 ¢haritabl• a¢thvifre& Fund accountlng Unr¢$tri¢led funé5 can be u88d kn o¢¢tyl•Ke wilh thB charitatifeowtives atlhe oltho Irusteg8. R¢8trfdod fvnd$ can or be ￿ed for partb)Jar restrtrA•Y wrposes withkn Ihe obieds of thg charfty. Restrktion art$e when 5Fwfied by th8 dorx or wPn fvnds aro rawj for p8thular rastrthd Further eXF4an8tth ofth• and of eath tyr¥J 1$ trKknl•d In lh8 rKe5 bj the fin8nck918tst•Thnts. FIMn¢l•l Intrumvnt8 The tharity only has fin8fKaal •ss•ts and fin￿01 c4 • Ih•t as btsk In$trwnents. 88sic flnan¢lo1 in$trumonts e iib8ty recognised at tr8nsa¢kn and 5ub8•]u8ntty rn88sur¢d at thalr settbmenl value. Accrued rnttgnlsed at Ihe sell18￿nI sfflwnt due. Cr•ditor5 are recog1￿Sed vfvr• Ihe ha5 a present oW8lon reS￿r￿J 8 p4$1 •veni thal I￿11 prcknJb resuh in th8 Iransler ol lurs to a thwd paty and Ihe amtyjni due to $eMe tho thkda15on can be measured or eslimatsd rdlably. CrgdittX5 are nrrnuy r8cc4wd at trlr Wlttpmgnl aff￿L DONATIONS AND LEGACIES 2023 2022 Donavons Gm aid 263,800 INVESTMENT INCOME 2023 2022 Bank Interest GRANTS PAYABLE 2023 2022 Proyldlng Oppor￿n11￿S Grwts payatAe to in the 4bove: 2023 2022 Durham University S8ney Sussex Col CambiidgÈ VnNer5ity Fo¢JTr$8tion Se￿n Cdlege Queen Mary Unl¥ernlty of London 10,IXKI 25,1 to.000 35,OOC> 5.000 70,000 PJe 7 conlnued...

THE ANN D FOUNDATION NOTES ro ThE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDEO 30 NOVEMBER 2023 GRANTS PAYABLE- ¢oDtlnued In additcn to Ihe granls pa￿, Ihv aL￿ mado the Ickn¥ing dcfflatiorts to instittrfNM: 2023 2022 University of C8mbrid Univer5ty of Carnbnd98. Malerlal Chaw Van Mihlert College Tnat Cambridge Arts Theatre E8sts￿e Commuw Truit Eorthwalch Evrope 3.OtKI.ooD 1¢XI,Ofr) 10,0 5,0 4,000 SUPPORT COSTS 2023 2022 Trnvel and 5ub5151•nc8 Accommodaljon costs Ind8p8ndent Exaftkn•rf•• Bonk ¢hargoS S,878 3,636 1.140 104 11.126 TRUSTEES. REMUNERATI¢)N AND BENEFITS No r8muneralhJn w88 p)id to ary tsustho thJriTrJ th* or the prKff year. TN•te••' •xp•nM• Travel. subs'518nc• & acLYJmmDd81ifM) •ynso$ 01 £5.87812022.. £3.(#)41 reknthrs￿ th) 2 tru$ts•$ durfThJ the year. Al the year tr￿ £Nil12022- £1,007) was thved to Ihe trustees. STAFF COSTS The thority has no •mF4oy DEBTORS.. AMOUNTS FALUNG DUE wmllN ONE YEAR 2023 2022 Pw8 continued...

THE ANN D FOUNDATIOF4 NOTES TO THE FINANCIAL STATEMENTS-confinugd FOR THE YEAR ENDED 30 NOVEAIBER 2023 10. CREDITORS: AMOUNTS FALUNG DUE wmiiN ONE YEAR 2023 2022 AcuuBIs and def6rr8d Int4ne 1.140 2.147 RELATEO PARTY DISCLOSURES There were rn related party transX1￿5ng the Year￿ the w8VhW8 Y￿r. Page 9