Firefox about..blank Charlty Reglstradon No. 1184459 THETUtMICK FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 BUSINESS ADVISORS & ACCOuMTAfrITS 11 De Greysquare De Grey Road Colcherter Essex C04 SYQ l of21 0810912025, 09..53
Firefox about..blank THE TUDVcK FOUNDATION CONTENTS Legal and admini5tTrlive inforrnation Chairman's oport Trustees, report Independent auditoes oport ststement of financial activit io Balance sheet li Staternent of cash flow5 12 Notes to the finala1 ststements 13-19 of21 0810912025, 09..53
Firefox about..blank THE TUDVcK FOUNDATION COMPANY INFORMATION C N Bennett V R Shaik J P Endacott TC Bennett Charlty number 1184459 Audltor TC Group 11 De Grey Square [* Grey Road Colche5ter C04 5YQ Bankers CAF Bank rnited 25 King5 Hill Avenue West Mallin£ Kent ME19 4JQ Investment managews Chawles Stanley Gr(wJp Ropetnakei Pla 25 Ropemaker Street Lond( EC2Y 9LY 3 of21 0810912025, 09..53
Firefox about..blank THE TUDVcK FOUNDATION CHAIRMAN'S STATEMENT FOR THE YEAR EPIDED31 MARCH 2025 As a grant making chartty Serving the needs of many. it ha5 been a pleasure tts report another busvvear. Within our focus area of Essex and Suffolk. we ha¥È our best to end our finantial help in most hÈlpfiJl and productive way to enhance community values. Post &wid. and with diminishing financial availability from councils and central go¥ernment. we are seeing Continual the immense effort that the charity sect(r and charitable fflinded individuals are making to help those. who for all 50rts of asOns. are ffinding l*e diffi'cult. May I refer the reader to pages 2 and 3 of these accounts to see the list of over ICI) applicants who have successfully applied to us for grant a55i5tance. Eaih of those applications have been carefully vetted Since we do try to help not the large well funded national chariries, but those who may stsrring a new charitable venture where they have identified a parri£Iar need. Such cases often find it difficult sourte traditional fijndingyet may be the ears and eyes of the community to identify the areas which have fallen outside the radar of local and certral government assistance. The range of our grants is wide In¢asIng. we a seeing SiEnifi¢ant growth in requests for help in those wtth special needs, whether they are physical or neur(8lNerEent natu. The ability to do what we can tohelp these children and adults live a life integrated with our community is a reward in itsell. In totsl we gave over £219,(tsJ, aTh increase of 40% from last year. This exceeded our investment irmrne but the exce55 wa5 cornfortably covered by donalioll5. Our investments made some progress, a5 well as providirE a good incorne retum, so our capital balances po5ent a tisfaCtOry pirtuo. With my thanks to my co trustees and my hard working e¥er diligent wretary. Chalmmn Date:......................... of21 0810912025, 09..53
Firefox about..blank THE TUDVcK FOUNDATION TRUSTEES. REPORT FOR THE YEAR EPIDED31 MARCH 2025 The trustees psent their3nnual report and financial ststernentsforthe year ended 31 March 2025. The financial 5tatement5 have been prepared in accordance wtth the accounting policies Set out in note I to the financial staternents and cornply wtth the charity's deed of trusL the Charities Act 2011 and "A¢countinB and RepoTbne by Charities.. Statement (Ff Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporring Standard applicable in the UK and Republic of Ireland IFFLS 1021- las amended for accounting periods commencing from l January 20161 Oblectlves and 8ttt¥ltles The charity's objects are the promotion of any charitable purposes for the benefit of the cornmunity primarily. but not exclusivety. in Essex and Suffolk. in the aOncernent of education. the protection of mentsl and physical health and the relief of poverty and 5ickne5s. The policies adopted in furtherance ol these objetts a the makinE of grants. piiniipally to small OanIsatiOns, for specific and well defined projetts, and the has been no change in these durinzthe year. The trustees have paid due regard to EuidarKe issued lry the Charity Comrni55ion in deciding what activities thÈ charity should undertake. Financial review During the period the charity made grants to the frJllowinK orRanisations and indrviduab= My Life y¢ 4 All HNe £3,1 £3,(KK) £3,) E2.612 Refugee Wum Seeker Jaywick Communtty Resource Rotary Club of Manningt Harwich Museum ststus Creative ac Toni Smith El,51X) £i,(xy) £i,(XK) £996 Young People Taking Action Friends of RUShme knbrary Stour VallÈy Men's Shed status Creative CIC E920 05 £1,6 £8(M) J Portway E3.N) Gee Gees Ranch & Rescue Hummingbird Community Age Well East Ri¥*r Church Ipswich Crearive Leiston CIC Kewon Sl Marfs Church BuryTown Pastors Framlingham Area Youth Action Whitton Youth Partnership Little Lifts Handicapped Children's Art Samaritsns ofwest Suffolk The Forge Cornrnunity Chufch Risby Willage Hall Asperger East Anglsa Grant Sea Change Projects The London Bus Theatre Co National Song Schcol Welcorneto the UK £51K) 1st Whisron scout Group Lowestoft Museum Rowan Hunter E450 E5(K) 50 £5(M) Brightlingsea Allotments Framilingham sports Club Mission to Music CIC El.2 E2.7(K) £1,8(M) £3.) E3.N) £3.(XK) £3.(XK) £3.(XK) E3.(XK) E2.(XK) £2.CKK) £1.965 EI.51K) £2.1XK) £1.5CK) £2.C £3.(XK) £3.1XK) £3.Ct £3.(XXI £2.340 The Aurumn Cenrre CIC Ending Life's Tatrx Colchester Samaritans Abacus Counselling and Support Inside Out Community Arts South Hanningh'eld Village Wendons AmtrK) Pre-school New Life Church Make Play Colchester Nepalise Society Strongbones Children's Charity I Can Run CIC Boys and Men UK CIC £2.9S4 E2.1 £3.ClJ) £1. El.S(K) El.1 £2.619 £2.430 £2.{1 5of21 0810912025, 09..53
Firefox about..blank THE TUDVcK FOUNDATION TRUSTEES. REPORT ICONTrNUEDI FOR THE YEAR EPIDED31 MARCH 2025 Fresh Start Charity The Seagull Lowestoft CIC Cruse Bereavernent Supw)rt Happy Hill Alurnah CIO Suffolk Accident Rescue Shake Fesiival POP E55ex Limitless Futu5 Cohere Art5 CIC Walton Comrnunity Forurn Christ Church with St Mary Lofty HeiEhts CIC rIpte Community Hub Hadleigh Grand Feofftnent SEND the Right Message Stowmarket ASD Saturdty aub Aspire Educational MÈntor Dig it ComtnunityA1lotnts Flutter Jutt 42 PCCA Dvmont Hall Portico A¢ademyTrust BurlinEton Baptist Church Bury Drop In CDCN Kool Caor5 South East Capel Street St Mary Methodist Ch The Boys Brigade Waltham Arnber 8ee CIC Braintree Youth Proiect Breast Friends CIC MakeThem Srnile We are the Minorie5 Orwell Mutb" AcadernyTrust The Wo0eT5t0ne Project Parents and Carer5 Together The Racing Cent MCD CIC Leiston Land CommunityTrust still Go(Kl Fo(Kl Castle Point S¢Kial Car Scheme Colnevalley Railways Campjojo The Caedmon Companv £3.IM The Mad Ab(rtrt Theat Companv £3,(KK) Able Kid2 £3,) stsrtstrong FtnesS CIC Youth Employment StrateEy Basic Essex Accident Rescue HNe £2,CXJ) £1.8) £1,542 £1,5C(J £1.5CKJ £1,5) £1,5C(J £i,CKKJ £7Th) £3,Cts) £1,650 £1.5CKJ El,4(M) E850 £3.CKKJ E3,CX)) E3,CX)) £3,(XK) £2,984 E2,950 £2,5(K) £2,(XK) E2,CX)) El,952 £1,5(K) £1.5(K) £i.(XK) £i,(XK) £329 £2.(D) £1.5OJ £1.50) El.5OJ £1.50) £i.coJ 2.171 £1.5(M) £1.50) El.l))J £3,(KK) El.5OJ 1.50) El.5(K) £3,N) El,820 £3,N) £3.) E3.N) £2,950 £1,5(M) El.5(M) The Harwich Festival Clatton & District Local History Flexfit Yoea CIC Haylèy Debenham Food ForThought Lighthouse Family Trust LEAPS Suffolk Brenrwood CV5 Heads2Minds £1.5(K) Total £219.189 It is the policy of the charity that unrestricted fvnds which ha¥e not been deswnated for a specffic use should be maintained at a level equNalent to between three and six month's expenditure. The trustees considers that reserves at thi5 level will ensure that. in the event of a significant drop in funding, they will be able to continue the charity'5 current activitse5 while consideration is given to Way5 in which &lditional funds may be raised. This level of reserves has been maintsined thr(ut the year. 6of21 0810912025, 09..53
Firefox about..blank THE TUDVcK FOUNDATION TRUSTEES. REPORT ICONTrNUEDI FOR THE YEAR EPIDED31 MARCH 2025 It is the policy of the charity that the capttal is ernployed to gr¥E an inci)me which will fund the 8rJnt5. During the year the charity made grants in exce55 of inNE5tment incorne. The shorrfall was rnore than made good by a £5(K>.(XK) donallon from a trustee. All our holdings are quoted. professionally managed and diversified investment trusts. the vast m?4ority of which have rnet or exceeded their benchmarks. They are all Showing gains over c05t. Investment perforrnance 15 rnonitored at each trustee rneeting. Chjr obieLtives to Secure an aL¥Jve average income with long term inflationary pr4)tecbon have been met. Risk Is closely monitored. Our growing capital base needs to be proterted and we take the view that whilst stock markets can show volatility in thÈ short tefm. it is the insidious devaluation ta$ by inflation that is the long term risk. The constituents of our in4*rtnt portfolio ha¥e denjjnstrnted the historical ability to offer satisfactory protection. Our future plans embrace further expansion in the amount and extent of the asslstsre we can giveto those who seek to help others in our wide range of tenefits. Strurture. governance and management The charity 15 an unincorporated charity and is controlled bya deed of trust. The trustees who served during the year and up to the date of signature of the financial ststements were.. C N Bennett V R Shaiklv J P Endacott T C Bennett New trustees are recruited and appointed by the existirvx trustee The trustees met eight times during the year to monitor investment performaKe and award grants. 7of21 0810912025, 09..53
Firefox about..blank THE TUDVcK FOUNDATION TRUSTEES. REPORT ICONTrNUEDI FOR THE YEAR EPIDED31 MARCH 2025 ststement of trustee5' reswnslly1itl¢s The tru5tee5 are responsible lor preparing the Trustees, Report and the financial Statements in accordance with applicable law and United Kingdorn Accounting Standards (Unrted Kingdtstn Generally A¢pted Accounting Practicel. The law applicable to charities in England and Wales requires the trustees to prepare financial ststements for each financial year which give a true and fair Vie of the stste of affairs of the charity and of the in£orning re50urce5 and application of resource5 of the Char for that year. In pparinEthe$e financial sratements. the trusteesare required to= - selert suitable accountin8 wlicies and then appty them cortsistenl.' - observe the methods and principle5 in the Charitie5SORP.. - make judgements and esrim*es that are wsonable and prudent: state whether applicable accounting stsndards have been followed. subject to any material departure5 di5c105ed and explained in the financial 5tatements,' and ppare the financial statements on the lThE concern basis unless tt s inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping sufficient acCoTrN1 records that disclose with reasonatrAe accuracy at any time the financial position of the charity and enable them to ensure that the finanaal statements comply with the Charitie5 Act 2011. the Charity (Accounts and Report51 Regulatiors 2008 and the provisions of the trust deed. They are a150 responsible for Safeguarding the a55ets of the charity and hence for taking 3$Onable stepslorthe pre%enifion and detettj.on of fraud and other irregularities. The trustees. rewrt was approved the Board of Trustee> C N B•nnott Trustee Dated.. 29 Au8USt 2025 8of21 0810912025, 09..53
Firefox about..blank THE TUDVcK FOUNDATION INDEPENDENT AU(XTORS REPORT TO THE TRUSTEES OF THE TUDWCK FOUNDATION Oplnlon We have audited the linancial Statements of The Tudwick Foundation Ithe'charity'l for the year erxled 31 March 2025 which cornpri5e the 5tsterneTht ol financial acbvtbes. the balance sheet. the 5tsternent of cash flows and notes to the financial statements, including signtficant accounting policies. The finantial reporring framework that has been applied in their preparation is applicable law and United King¢)m Accounting Standards, including Financial Reporting Stsndard 102 The Finonciol Repothng Stondord opplicoble in the UK ond Republic ol Irelond (United Kingdorn Generalty Accepted Accounting PtICe). In our opinion. the financial statements= give a true and fair view of the State of the charity's affair5 as at 31 March 2025 and of it5 incoming sources and application of osoutces. forthe yearthen ended,. have been proper prepared in accordance wth Uniteil Kingdom Generally Accepted Accounting Practi., and have been prepad in accordance with the reqU1ments of the Charities Att 2011. Basis for opinion We conducted our audit in accordance with International Standards on Audon8 IUKI11SAs IVKII and applicable law. Our responsibilities under those stsndards are fvrther descriw in theAuditor's responsibilitiesfor the otsdit of the fi"nonciol statements section of our report. We are independent of the charty ITh aCCordare with the ethical requirernents that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have lulfilled our other ethical responsibilithe5 ITh accordance with these requirement5. We believe that the audit ewderKe we have obtained 1$ 5uffKient and appropriate to provide a basis lor our opinion. Conclusions relating togoinE concern We have nothing to rÈport in respett of the f0l1frtfi matters in relation to which thÈ 1&4s IUKI rquire us to report to you where.. the trustees. use of the going concern basis of accounti in the preparation of the financial statements is not appropriate.- or the trustees have not disclosed in the firsancial statements any identified material uncertsinties that may £ast significant doubt about the chariws ability to continue to adopt the going concern ba515 of Lcounting for a period of * least twefve months frorn the date when the financial ststernentsaTe authorised for issue. Other Inforn The other inforrnation comprise5 the information included in the annual rewrt other than the financial ststÈments and our auditor's report thereon. ThÈ trustees are re%nsible frr the other information contained within thÈ annual report. Our opinion on the financial ststements does not £o¥er the other informati)n and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other inbrmètion and, in doing so, consider whether the other information is materially irOnsi$lent with the financial strtements or our knowledge obtained in the course of the audit. or otheise appears to be rnaterially misststed. If we identify such rnaterial incon515tencie5 or apparent material mi$5taternents. we a reqUId to determine whether this gives rise to a rnaterial mi55tstement in the financial statetnents thernsefves. If, based tsn the work we have performed, we conclude that there is a material misstatement of this other infrjrmation. we are required to report that latt. We have nothing to report in this reward. 9of21 0810912025, 09..53
Firefox about..blank THE TUDVcK FOUNDATION INDEPENDENT AU(XTORS REPORT ICONnNUEDI TO THE TRUSTEES OF THE TUDWCK FOUNDATION Matters on whkh we aro requlred to report lry excepti We have nothing to report in respect of the following matter5 in relation to which the Charities (Accounts and Report51 ReEulations 2CX)8 requi u5 to report to you if. in our opinion.. the information ENen in the financial statements is inconsistent in any material $pert wtth the trustees, port,. or suffi"tient accovnting re¢ords have not been kept; or the h"nantial statements are Mt in agreement with the atcountin8 records.. or we have not received all the infomation and explanations we require for audit. Responsibilities of trustees As explained more ful in the ststement of trustees. reS)nSibIlitieS. the trustees are resrx)nsible for the preparation of the financial statements and for being satisfied that they gi¥ a true and fair view. and for sCh internal control as the trustees determine is necessary to enable the preparation of financial ststement5 that are free from material mi55tatement. whether due to fraud or error. In preparing the financial 5tstements, the tru5tee5 are responsible for a55essing the Charl5 abiltty to continue a5 a going concern, di5c105in& a5 applicable, matters related to Eoing concem and using the eoinE con¢em basis of accounting unless the trustees either interid to ¢ea operations. or have no iealisbc ae[native but to do $0. Auditor's re5pon5ibilitie5 for the audit of thefinancial statemEnts We have been appointed as auditor Trder section 144 of the Chariiies Act 2011 and report in accordance with the Att and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an auditor's report that include5 our opinion. Reasonable assurance is a high level of as5urantr but is Trot a guarantee that an audit conLbJcted in accordance with 1&4$ IUKI will always detert a material mtsststement when it exists. Mi5Staternents (an arise frorn fraud or error and aTe consideied rnaterial if, indwidualty or in the aEgowe. they iould re*onably be expected to influence the economic decisions of users tsken on ihe basis of these financial statements. A further descriptton of our responsibilities is available on the Financial RÈporting Council's website at.. https..11 www.frc.org.uklauditorsre5pjnsibilities. This description forms part of our auditorfs report. other matte The prior period's financial ststements were not audi(ed. as the charty qualffied as a small charity in that period. Consequently, we do not express any opinion on the comparative figure5 in these financial 5taternent& Your attention is drawn to the fact that the charity ha5 prepared financial 5tatement5 in accordartt with 'Accounting and Rewrbng by Charities= Ststement of Recornmended Pracbce applicable to Charities preparing their accounts in accordance with the Financial Reporting stsndard applicable in the UK and Republ¢ ol Ireland IFRS 1021" las amended) in prefence tothe Actounting and RertIng by Charities.. Statement of Recommended Practice issued on l April 2(MIS which is referred to in the extsnt regulations has now been witmrnwn. This has been done in orderforthe financial ststernentsto provide a true and fair view in accordarKe with current GeneralAcCepted AccountinE Pracbce. IOof21 0810912025, 09..53
Firefox about..blank THE TUDVcK FOUNDATION INDEPENDENT AU(XTORS REPORT ICONnNUEDI TO THE TRUSTEES OF THE TUDWCK FOUNDATION Jocqudine FrostACA (Sonior StatUry Audit(>r) for and on behalFof TC Group StatutoryAuditor Offi"te.' Colchester 4 September 2025 TC Group is eligible for appointment as auditor of the charity byvirtue of its eligibility for apwintment as avditor of a company under ofsection 1212 of the CompaniesAtt 2(K 11 of21 0810912025, 09..53
Firefox about..blank THE TUDVcK FOUNDATION STATEMENT OF FINANaALAcTrvmES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR EPIDED31 MARCH2025 Unrestricted Unrestricted lunds fund5 2025 2024 Incoffl•from: Donations and legacies Charitable acrivities Investments 625,2Q) 676 135.210 145,026 121,604 Total income 761,086 266,630 Expenditure on: Charitable a¢itvities 226,931 162,029 Total expenditure 226.931 162,029 Net gainslllossesl on invesu7)ents li 142.941 24,375 Net IoMe and m0ven In funds 677.096 128,976 Reconciliation of funds.. Fund balances at l April 2024 2.691.661 2.562,685 Fund balances at 31 March 2025 3.368.757 2.691,661 The ststernent of financial activitie5 includes all gain5 and 1055es recognised in the year. All irKome and expenditure derive from continuing activities. 10- 12of21 0810912025, 09..53
Firefox about..blank THE TUDVcK FOUNDATION 8ALANCE SHEET ASAT31 MARCH 2025 2025 2024 Flxed assets Inve5trrents 3.227.102 2,662,866 Curr•rrt ass•ts Debtors Cash at bank and in hand 14 130,731 14.074 29.983 3,392 144,805 33.375 Creditors: amDunts falling due within one year 13,1501 14.5801 Net current assets 141.655 28.795 Total assets les5 current lialmltties 3.368.757 2.691,661 The funds of the charlty Unrestritted funds 16 3.368.757 2.691,661 3.368.7S7 2.691,661 The financial statements were approved by the trurtees on 29Au8USt 2025 C N Bennett 13of21 0810912025, 09..53
Firefox about..blank THE TUDVcK FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR EPIDED31 MARCH 2025 2025 2024 Cash generated fromllat150rbed by) operati0fi5 18 296,767 144,2071 IrwEstinE acknvilies Purchase of investrnents Proceeds from disposal of investrYnts Investment income eNed 1664.4451 243,150 135,210 1392.4411 266.081 121.604 Net cash used in irbve5tiry acki¥its 1286.0851 14.7561 Net G4sh used infinananE acli¥itie5 Net increaselldecreasel in cash arKI cash equivaler 10.682 148.9631 Cash and cash equivalents at beginning of year 3.392 52,355 Ca$h and ¢a5h qUts at end Of*[ 14.074 3.392 12- 14of21 0810912025, 09..53
Firefox about..blank THE TUDVcK FOUNDATION NOTESTOTHE FINANCIALSTATEMENTS FOR THE YEAR EPIDED31 MARCH 2025 Accounting wlkles Charlty Irrforniatlon The Tudwick Foundation is a an unincorporated charity. gobErned by tts deed of trust. 1.1 Accounting convention The financial staternents habE been prepared in accordance wrth the charity's deed of trust. the chare5 Art 2011 and -Ac¢ounting and Rew)rtin8 by Chartries= Ststement of Recommended Practice applicable t¢ Charities preparing their atcounts in accordance with the Financial Reporting stsndard 3pplioble in the UK and Republic of Ireland (FPS 1021- las amended for accounting periods commencing from l January 20161. The charity is a Public Benefft Entity a5 defined by FRS 102. The financial ststements are prepared in sterling. which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial ststernents have been prepared under the historical c05t comientioTh. Imodified to indude the revaluation of freehold properknes and to include investment properties and certain financial instrurnent5 at fair valuel. The principal accounting w)licie53dopted are Set out below. 1.2 Golng concern At the titne of appwn2 the ffinancial 5tstements, the trustees have a oastsnable e¥pertation that the £harity has adequate re50urce5 to continue in operational existence for the ft>re5eeable future. Thus the trustees tontinue to adopt the 80ing Corn ba% of accounting in preparing the financial statements. 1.3 Charitable funds UnrÈstrictÈd funds a ailable for se at the discretion of the trustees in furtherance ol their charitable objectives. Restritted funds are subject to specific conditsons by donors of grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial ststements. Endowrnent fvnds are subject to specific conditions by donors that the (apitsl must be maintsined bythe charity. 1.4 Incomlng resources Income 15 recogni5ed when the chartty 15 lewolty entitled to it after any performance CondOn5 haR been met, the amounts can be measured liab. and it is probable that intome will be received. Cash donation5 a recoBvi5ed on receipt. Other donation5 are recoBni5ed once the chaTity hès been notified of the donation, unless performance condithons require deferral of the amount. Income tax tovÈrable in relation to donations received underGift or deeds of covÈnant is re£ognisÈd at the time of the donation. Investment income is recognised when receNed. 13- 15of21 0810912025, 09..53
Firefox about..blank THE TUDVcK FOUNDATION NOTESTOTHE FINANCIALSTATEMENTS ICONnNUEDI FOR THE YEAR EPIDED31 MARCH 2025 Attounilng polktes Iconilntsedl 1.5 Résources expondod Liabilitie$ are recognised as soon as there is a leeal or ¢onstructive obligation wmmitting the tharity to that expenditu, it is probable that a transfer of economic beneffits wll be quIred in settlement and the amount of the oblwation can be measured reliably. Expenditure is accounted for on an accruals basis and ha5 been cla55ified under headingsthat aggregate all cost related to the category. Grants payable by the charity are recognised when they are awarded by the Trustees. unless they a awarded subject to conditions that have not teen rnet at the ar end. in which case they are noted & a cornmitment but not accrued as expenditure. The charity tsnly ha5 olle charitable *bvity, that of 8rantrnakin& $0 all 5UPPOrt and governance costs are allocated to that athyity. 1.6 Fixed asset irNestments Fixed asset investments are initialty measured at transaction Pri excluding transaction costs, and are subsequentty measured at fair value at each reporting date. Changes in fair value are recognised in net incornellexpenditurel for the year. Transacknon costs are expensed a5 incurred. Fair value is determined with reference to publicly available price5. 1.7 Cash and $h equlvalents Cash and cash equivalents include cash in hand. deposits hehl at call with banks. other short-term liquid investrnents with original tnaturities of three month5 or le55. and bank overdTrft5. Bank overdrafts are shown within borrowings in current liabilmes. Unrestricted Unrestrfrted fiJnd$ fund5 2025 1024 Donations anil gifts 625,2CM) 145,026 Unrestricted Unrestricted lunds fund5 2025 1024 Grantmaklng Unspent grants returned 676 14- 16of21 0810912025, 09..53
Firefox about..blank THE TUDVcK FOUNDATION NOTESTOTHE FINANCIALSTATEMENTS ICONnNUEDI FOR THE YEAR EPIDED31 MARCH 2025 Unr•strfrted Unrestdrted funds nds 2025 2024 IncorDe Irtsm listed investments Interest telable 131.320 120,083 1,521 135.210 121,604 Grantrnaknng 1025 1024 Grant fvnding ol aCDwties (see note 61 219,1) 156,280 Share of supwjrt costs Isee note71 Share of governance Costs lsee note71 6,093 4,143 1.606 226.931 162,029 Grantrnaknng The charity makes grants to institutions and indNiduals to bjrther the objects of the charity. A fvll list of grants awarded during the year iS8Nen in the trustees. reFrt. 15- 17of21 0810912025, 09..53
Firefox about..blank THE TUDVcK FOUNDATION NOTESTOTHE FINANCIALSTATEMENTS ICONnNUEDI FOR THE YEAR EPIDED31 MARCH 2025 Support Costs allorated toacll4ryt 2024 Staff costs 5,568 137 178 210 3,486 210 187 260 Governance costs 7.741 5,749 Grantmakin 7.741 5.749 All supwjrt and governance costs have been alhxated to the charity's sole charitable acovtty of grant- making. Auditor's rernuneration Fees payable to the charrty's auditor and associates: 1014 For audit 5ervice5 Audit of the financial sratements ol the charity For othersevvice5 Audit-related assurance ser¥Kes Trustees NonÈ of the tnjstees lor ary persty)s connetted with them) received any remuneration or benefits fr(Th the charity during the year. 10 Employees The average rnonthty Trumber of employeesduring the year was.. 2025 ZOZ4 Number Numb 16- 18of21 0810912025, 09..53
Firefox about..blank THE TUDVcK FOUNDATION NOTESTOTHE FINANCIALSTATEMENTS ICONnNUEDI FOR THE YEAR EPIDED31 MARCH 2025 10 Employees Iconilntsedl Employrnent COSts 2025 2024 Wages and salar5 5,568 3,486 There were no employees whose annual MneratiOn was MO than £,(xx). li Net 8ains/l105ses1 on in4utTh Unrestricted funds ¥eneral 2025 Total 2024 Revaluation of investments 142,941 24,375 12 Ta¥oti¢Jn The charity is exempt from tsxaty)n on its acDvtDes because all its income is applied for charitable purrKJses. 13 Fixed a5S•t irNgslments Listed Cash in Total Cost orvaluatlon At l April 2024 Additions Valuarion changes Disposals 2.528.401 134,465 664.445 2,662,866 664,445 142,941 1243,1501 142.941 1243.1501 At 31 March 2025 2.671.342 555.7fA) 3.227,102 Carrylng amount At 31 March 2025 2.671.342 S55.760 3.227,102 At 31 March 2024 2.528.401 134.465 2.662,866 17- 19of21 0810912025, 09..53
Firefox about..blank THE TUDVcK FOUNDATION NOTESTOTHE FINANCIALSTATEMENTS ICONnNUEDI FOR THE YEAR EPIDED31 MARCH 2025 13 Flxed asset Investments Iconilntsedl 2024 Investments at lairvalue compfise: Listed investments 2,671,342 2,528,401 Fixed asset irNestment5 revalued Listed investments are valued at market value by reference to publicly available unit prices. The historical cost of the listed investments at the year end was £2.334.39712024.. £2.334.3971. Flxed asset Investments not (athed at market valuè Cash balances in the investment rtfOlIO are valued at cost. 14 Debtors 2025 2024 Amounts falllng due wSthln one ar. Corporation tax recoverable Other debtors 5.731 125.( 4,983 2S,((¥J 130.731 29.983 15 Credltors: arUnts fallln8 due wlthln oneye8r 2025 2024 Accruals and deferred incon 3.150 4.580 16 Vnrestrkted funds The unrertricted funds of the charity comprise the unexpended balances of donations and grants which are not Subject to Specific conditions by donor5and grantor5 as to how they rnay be used. These include designated fvnds which have been set aside out of un$tritted funds by the trustees for specih"c purposes. AtIAwl 2024 IncorninE R•sour(e¥ Gain5 and At 31 March lossos 2025 General fvnds 2,691.661 761,086 1226,9311 142,941 3,368,757 18- Oof21 0810912025, 09..53
Firefox about..blank THE TUDVcK FOUNDATION NOTESTOTHE FINANCIALSTATEMENTS ICONnNUEDI FOR THE YEAR EPIDED31 MARCH 2025 16 Unrestricted fvnds Iconilntsedl Prwous yeor: AtIAwl 2023 Gin5 and At 31 March 1024 General fvnds 2.562.685 266,630 1162.0291 24.375 2.691,661 17 Related party transattlons Durin8 the year the charity recei¥ed donations from trnses totalling E625.(XM)12024.. E145,IMM)I. 18 Cash generated from operation5 1014 Surplus for the year 677.1YJ6 128.976 Adjustments for.. Investment income recognised in stsiement of financial actiwbes Fairvalue gains and losses on investment properhes 1135.2101 1142.9411 1121.6041 124,3751 Movements in working capital= Ilncreasel in debtors (Decreasel in creditors IIIX).7481 11.4301 14851 126,7191 Cash generated fromllabsorbed by) )perat 296.767 144.2071 19 Analysls of thanges In net funds The charity had Tro material debt during the year. 19- l of21 0810912025, 09..53