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 Ih*f report ¥Mth thè finanrA¥ $i*ett*nts ￿ tt* for year erwknj 30 November 2023. The
trust￿ havè adoKthJ the prwskn$ of Accounbng and Reportiry by Charth5'. SlaterTr8nl of Recomm8ThJed PraGti¢e
applicable lo charitses prepanng their acctyjnts in aco)rdarKe w*th th8 FinarKd R8pth"ng Standard applif*tA8 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 ￿ undarfc*Jk 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 wh*E 4Jpropriate Ihe donththi L4 the Fwndakn lurxts to silltable propds. Th fvn(ts are empostrd to
r¥k by #y¥esbMnt xcwnts at x¥r*ofthe w BrAlsh CJEar¥vJ Banks Treasury Depoyl$.
Indutdon •nd IAlnlTr4 oln** trusty
F￿n￿at￿n duthy th• Iry*8e •J•quate hr rwtru$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¢lp*l •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(r*olMxlrtye 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 resF*X)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 w*abfe Dtrectm giwen by the Charity c￿¢610￿ uTrJer SvKt&)n 14515llbl of the
Ind•p•ndent examln•rfs Stat•m*rt
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 conc*ms 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￿ $t*erner
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•. Lo*wTocktyon 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 $1gnffi¢6nt accounting Wicies ap￿￿￿￿ Its the prvporakn of tt￿5fr fManc1￿ 8talèments aro sot out betrw.
These poliaes have been eornsi51onlJy aFvled lo a# year5 prgsontsd unloss olhemse 5t8ted.
ACCOUNTING POLICIES
Ba*Ss olpr•p•rlng th• Ilnancknl ¥l•t•m•nts
The financial State￿￿nts of Ihe charitabl& crmpony tx)d&r FRS 102, have ￿en p¥8pared Ln o¢¢or¢$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$$v&J
on l April 2005 %*thich is relerred to in the ¢xtsnl re9vtsfyty)s iwjt ha5 thce been wIhdr8￿. ThLs has been dc
in order for Ihe accowts to provid& 8 trvo aTrJ fair ¥7￿ in acCOrda￿e ￿th ￿ Gpn•rJlly Aecopled AKwnlng
Practice effecttve lor r&portir* poriod5 on or aftar 1 January 2015.
The m••tS Ihe definition of8 PUt4K bwofit•nt¢ty u dorrM$tsated wllhln the Rgport ofth• Trust•e5.
Incorne
AJI income re¢ognised In Ihe Stslement ol Fina￿ Ackn￿￿8$ the Charity has onbYem8nl k• the funds, tt Is
probable Ihal incJJrne wdl be r•¢ty¥•d. lh• can ￿ measur•J r￿la￿.
Donatlon#
Donaiion$ are a¢counl*J for 88 IrwnlrvJ r¢s(wrcos upm re¢eipt or wthen the ￿8￿P118 probablo and Ihfr arnount
r8co1vg￿0 can be 8Stwnaled rgwty. irKryn• i% th d8lorTed v4hen the d0Th￿ ¥eclfie$ 11 musl be u8•d In
lUlu￿ 8ccounting peri1￿5 or the (krnr has mu51 be mel before the th&rity h49
un¢onditional •ntilJèrnenl.
Investmont Incom•
In￿stment in¢ome15 recogrlsed on a r￿•814¢ bwis.
ExpondOtur•
LIa￿lIVeS are r8(x>gnised a5 Oxponditure as SC￿ as there 4$ a legal or eoAStructive obligation committlry the
Gharity to thal exp8nditur8, il i8 rM0bar￿ thai a tr#r6fer ol eCorKffi￿ benefits be required in $dlernenl and
the arrtswnl ol the obllgalion Can be rneawred relkqbty. Evnditu￿ is accounted on an a¢¢ruals basi$ and
has been d8$$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 acM*s (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$e when 5Fwfied by th8 dor*x or wP*n fvnds aro rawj for p8thular rastrthd
Further eXF4an8tth ofth• and of eath tyr¥J 1$ trKknl•d In lh8 rK*e5 bj the fin8nck918tst•Thnts.
FIMn¢l•l In*trumvnt8
The tharity only has fin8fKaal •ss•ts and fin￿*01 c4 • Ih•t as btsk In$trwnents.
88sic flnan¢lo1 in$trumonts *e ii*b8ty 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 lur*s to a thwd paty and Ihe amtyjni due to $eMe tho thkda15on can be measured or
eslimatsd rdlably. CrgdittX5 are nrrnuy r8cc4wd at tr*lr 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
S*8ney 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
P*Je 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