WILLIAM ARTHUR RUDD MEMORIAL TRUST
ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Hunters Law LLP
g New Square
Lincoln's Inn
London
WC2A 3QN
LAW.PAC.43020-1

WILLIAM ARTHUR RUDD MEMORIAL TRUST
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
CONTENTS
Page
ststement of the Trustees, Responsibilities
Trustees, Report
Independent Examiner's Report
Statement of Flnancisl Activities
Balance Sheet
Notes to the Accounts
9-14

WILLIAM ARTHUR RUDD MEMORIAL TRUST
STATEMENT OF TRUSTEES. RESPONSIBLITIES IN RESPECT OF THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees are responsible for preparing the Trustees, report and the financial statements in accordan
wth applicable law and United Kingdom Accounting Standards. The law applicable to charities in England
and Wales requires the trustee(s) to prepare financial statements for each financial year which give a true
and fair view of the state of affairs of the charity and of the incoming resources and application of reSoUr￿S
of the charity for that period. In preparing these financial statements, the trustees are required to:
select suitsble accounting policies and apply them consistently"
observe the methods and principles of the Charities SORP.
make judgements and accounting estimates that are reasonable and prudent..
state whether applicable accounting standards have been followed. subject to any departures disclosed
and explained in the financial statements.. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the charity wll continue in business.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the
financial position of the charity and enable them to ensure that the financial statements comply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust
deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable
steps for the prevention and detection of fraud and other iThegularities.

WILLIAM ARTHUR RUDD MEMORIAL TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Reference and Administrative Details
Charity registration number
326495
Principal address
9 New Square
Lincoln's Inn
London WC2A 3QN
Trustees
Alexandra Ahavni Sarkis
David Hamilton Smyth
Robert George Maples
Independent Examiners
S Rose
Dixon Wilson
22 Chancery Lane
London
WC2A 1LS
Solicitors
Hunters Law LLP
9 New Square
Lincoln's Inn
London WC2A 3QN
Bankers
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Investment managers
Investec Wealth & Investment
30 Gresham Street
London
EC2V 7QN

WILLIAM ARTHUR RUDD MEMORIAL TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure Governance and Mana
ement
Governing document
The William Arthur Rudd Memorial Trust was created by the late Mrs Mary Templeton Rudd. the Settlor. by
a trust deed dated 31st De￿mber 1983 in memory of her late husband, William Arthur Rudd.
Method of appointment of new trustees
The power of appointing new trustees is vested in the Trustees.
Organisational structure of the charity
The Trustees manage the Charity. They meet twice a year and liaise regularly to take all necessary
decisions jointly wth ￿gard to the Charitys activities and achievement of its objectives. Certain day-to-day
administrative tasks are delegated to the charitys legal and investment advisers.
Volunteers
The Charity receives no assistance from volunteers.
Wider Network
The Charity acts independently and is not part of a wider nety￿rk.
Donations
The Charity is not involved in fund-raising or publicity and has never received donations.
Related Partles
The Charity has no subsidiaries and is not connected with any other Foundation.
Risk pollcy
The Trustees have assessed the major risks to which the Charity is exposed. in particular those related to
the safeguarding of financial assets of the Charity. and are satisfied that systems are in place to mitigate
their exposure to these risks.

WILLIAM ARTHUR RUDD MEMORIAL TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Ob'ectlves and Activities for the Publlc Benefit
Objects and significant activities
The Charity is a grant making charity and the trust deed provides that income is to be applied in making
such donations to charitable organisations and bodies and suth other charitable applications or charitable
purposes a5 the Trustees in their discretion think fit. In exercising their discretion the Trustees may have
regard to wishe5 previously expressed by the Settlor. The Trustees meet twce a year to make their choi￿.
As the object5 of the Charity are not linked to any specific areas of charitable activity, the Trustees receive a
large number of applications for donations. They revlew the applications received during the year at their
meetings and any wishes previously expressed by the Settlor and make their Wdrds. Due to the high
number of applications received, the Trustees are unable to reply or retum printed material supplied.
During the year under review they made donations totalling £208,940 to registered charities in the United
Kingdom. There have been no material changes in the policies of the Charity since 31 st December 2023.
Mrs Mary Ru¢Jd, set up the charity in memory of her late husband. died on 4th January 2019 and in her
Will left her residuary estate outside Spain to the Charity.
Publlc Benefft Statement
The Trustees consider that the Charitsls activities. as set out in its Objectives and Activities detsiled above,
are for the public benefit, and confirm that they have complied with their duty under $17{5) of the Charities
Act 2011 to have due regard to the guidance on public benefit published by the Charity Commission for
England and Wales.
Achlevements and Performance
Charltable activities
During the year to 31 st December 2024 the Charity received income from its investments of £205,972
(£223.154 in 2023) and made charitable donations totalling £208,940 (£133,000 in 2023). The largest
donation VRS £48,000 and the smallest %Yas £2,000.
Investment Performance
The Trust has professional investment advisers who manage the Charity's investments on a discretionary
basis. subject to the regular review of the Trustees. After accounting for all investments sold and purGhased
during the year, the value of the Charitys net assets increased during the year by £387,490 to £8.185.123.
The market value of the Charity's investments increased from £7,870,211 to £8,185,767 during the year.
Calculation of Reallsed gains and Losses
The average cost method has been used to calculate realised gains or losses on investment sales.

WILLIAM ARTHUR RUDD MEMORIAL TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Flnancial Review
Reserves policy
It is the policy of the Trustees to maintain adequate reserves to enable the Charity to Tnaintain the amount
given as charitable grants each year and to preserve the income generating capital base.
Principal funding sources
The Charitsls income is derived from its investment portfolio. All investrnent income is accounted for when
received.
Investment policy and objectives
The Trustees have the authority to invest the funds of the Charity in a range of investments for the
furtherance of the objects of the Charity. and their policy and objectives are reviewed annually by the
Trustees and their professional investment managers.
Fut
re develo
ments
The Trustees hope to be able to continue at approximately the same level of activity in 2025 as in 2024. The
Charity will continue to operate solely as a grant-making charity.
We declare that in our capacity as the Trust's Trustees
have approved the report above.
Alexandra Ah
rkis
Robert George
aples

WILLIAM ARTHUR RUDD MEMORIAL TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WILLIAM ARTHUR RUDD
MEMORIAL TRUST
I report on the accounts of the charity for the year ended 31 Decembar 2024, whlch are set OLrt on pages 7 to 14.
Responsibilities and basis of rnport
As the charity's Trust885, you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 {'the Acr). You are satisfied that an audit is not required for this year under
charily law and that an independent examination is needed.
I report in respect of my examinatlon of the Tnjst's accounts carrted out under section 145 of the 2011 Act and in
carying out my examination I have followed all the appllcable Directlons given by the Charity Commission under
sectlon 145{5Xb> of the Act.
An independent examination does not involve gathering all the evidence that would be requirèd in an audit and
consequently does not cover all the matters than an auditor considers In giving their opinion on the accounts.
The planning and conduct of an audit goes beyond the limited assurance that an independent examination can
provide. Consequently, l express no opinion as to whether th8 accounts present a 'tNe and fairf view and my
report is limited to those specific matters set out in the independent exaMine￿S statement.
Independent examine￿8 statement
l am qualified to undertake the examlnatlon ty ￿Ing a qualified member of the Institute of Chartered Accountants
in England and Wales.
I have completed my examination. I confim that no material matters have come to my attention in connection
wtth the examination giving me cause to believe that in any material respecl..
accounting ￿CordS were not kept in respect of the Trust as required by section 130 of the Act. or
2. the accounts do not accord with those records,. or
3. the accounts do not comply with the applicable requirements concerning the fom and content of
accounts set out in the Charitles (Accounts and Reports) Regulations 2008 other than any rèquirement
that the accounts give 8 'true and fair view which is not a matter consldered as part of an independent
examination., or
4. the accounts have not been prepared in accordance with the methods and principles ofthe Statsment of
Recommended Practlce for accounting and reporting by charitie5 applicable to charities preparlng their
accounts in accordance with the Financial Reporting Standard applicable in the UK arKI Republic of
Ireland (FRS 102}.
I have no concems and havo come across no matters in connection with the examination to which attentlon should
be drawn in this report In order to enable a proper understanding of the accounts to be reached.
S Rose ACA
Dixon Wilson
22 Chancery Lane
London WC2A 1 LS
16 October
2025

WILLIAM ARTHUR RUDD MEMORIAL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Expendable
Income
Endowment
Fund
Fund
2024
Total
2023
Total
Notes
Income and endowments from:
Investments
205.972
205,972
205,972
223, 154
223. 154
Total incoming resources
205.972
Expenditure on:
Raising funds
Charitable activit18S
42,289
42,289
261.172
62
40.543
193,880
26
261,172
62
Othèr
Total expendlturo
261,234
42,289
303,522
234,449
Net galnsl (losses) on Investments
Net movement in funds
485,040
442,751
485.040
387.490
253,568
242.272
(55,261)
Reconclllatlon of funds
Total funds brought forward at 1 January
36,489
7,761,145
7,797,633
T.555.361
Totsl funds carried fomard at 31 December
03,896
8,185,123 775TS3r

WILLIAM ARTHUR RUDD MEMORIAL TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Fixed assets
Investments
8,185,767
7,870,211
Current assets
Cash at bank
Debtors
30,556
65,139
99,244
6.628
Total current assets
95,694
105,872
Creditors: amounts falling due within one year
96,338
178,450
Net current assetsl (liabilities)
(644)
72,578)
Net assets
Th• funds of the charlty..
Unrestricted income fund
(Page 7)
Expendable endowment funds (Page 7)
(18,772)
8,203.896
36,489
7.761,145
Total charfty funds

WILLIAM ARTHUR RUDD MEMORIAL TRUST
NOTES TOTHE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Basis of preparation
Basis of accountin
The accounts (financial statements) have been prepared under the historical cost convention with
items recognised at cost or transaclion value unless otherwise stated in the relevant note(s) to
these accounts. The financial ststements have been prepared in accordance with Accounting
and Reporting by Charities Statement of Recommended Practice: preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102} effective 1 January 2019 and the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Chan
e in basis of accountin
There has been no change to the accounting policies since last year.
Accounting policles
Incoming resources are included in the Statement of Financial Activities (SOFA) when..
the charity becomes entitled to the resources;
the trustees are virtually certain they will receive the resources., and
the monetary value can be measured with sufficient reliability
Where incoming resources have related expenditure, the in¢omlng resources and related
expèndltura ar8 r8POrt8d gross in the SOFA.
Grants and donations are only included In the SoFAwhen the charity has unconditional
entitlement to the resources.
Incoming resources from tax reclaims are included in the SOFA at the same lime as the
the income to which they relate.
Investment income is included in the accounts when re￿1Vable.
Investment gains and losses include any gain or loss on the sale of investments and any
gain or loss resulting from revaluing the investments to market value at the end of the year.
Liabilities are recognised as soon as there is a legal or constructive obligation committing
the charity to pay out resources.
Governance costs include the cost of the preparation and examination of statutory accounts,
the cost of trustee meetings and the cost of any legal advice to the trustees on governance or
constitutional matters.

WILLIAM ARTHUR RUDD MEMORIAL TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Grants payable are payments made to third parties in the furtherance of the charitable
objectives of the trust. The grants are accounted for where either the trustees have agreed
to pay the grant without condition and the recipient has a reasonable expectation that they
will receive the grant, or any condition attaching to the grant is outside the control of the trust.
2.10
Investrnents quoted on a recognised stock exchange are valued at rnarket value at the year end.
2.11
The Charity has an expendable endowment tund created by a gift. The income of this trust is
unrestricted. The terms of the endowment allow the capital of the fund to be spent if the
Trustees so determine.
Unrestricted income funds comprise those funds which the Trustees are free to use for any
purpose in furtherance of the charitsble objeds. Unrestricted funds Include designated funds
where the Trustees, at their dlscretion, have created a fund for a specific purpose.
Investment assets
2024
2023
Quoted investments
Market value brought forward
Additions
Disposals
Net reallsedlunrealised investment gainsl (losses)
7,870,211
1,326.550
(1,496,033)
485.040
7,370,338
4,021,018
(3, 774, 713)
253.568
Market value at 31 st December 2024
Inve5tment5 at market value consists of:
2024
2023
Equities
Fixed interest secLFrities
6,044,176
2.141.591
5,844.999
2,025,212
All investments ar8 carriad at th8ir fair value. Investment in equities and fixed interest securities
are all traded in quoted publlc markets, primarily the London Stock Exchange. Holdings in
common investment funds, unit trusts and open-ended investment companies are at the bid price.
The basis of fair valu8 for quot8d investments is equivalent to the market value, using the bld
price. Asset sales and purchases are ￿COgniSed at the date of trad8 at cost (that is their
transaction value).
10-

WILLIAM ARTHUR RUDD MEMORIAL TRUST
NOTESTOTHE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Cash account balances
2024
2023
CAF Bank account
Investec capital account
15.046
15.510
8,924
90.320
Debtors
2024
2023
Money due from Investec
Cash due to CAF bank from Investec
8,127
57,012
6,628
Credltors: amounts falling due within one year
2024
2023
Trade creditors
Accruals
Other creditors
21,638
2,700
72,000
34,440
6,010
138.000
Transactions with Trustees
Robert Maples charged a professional Trustee fee of £1,920 {2023 - £1,800).
The payment was made under the authority given in the Trust Deed under Clause 9a.
No Trustee has been reimbursed for any outknof-pocket exp8nses (2023 - NIL).
Alexandra Sarkis 15 a Trustee of the Charity and was a consultant of Hunters Law LLP for part
of thè year. She ceased being a consultant on 30 September 2024. For the year to 31 st December
2024 Hunters Law LLP Charged f88s of £48,682 (including VAT) (2023 - £52,470) fOr1￿al,
secratarial and administration servlces.

WILLIAM ARTHUR RUDD MEMORIAL TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysls of Incomlng resources
Investment Income
2024
2023
UK bank intarast
UK interest
UK unit trust interest
UK gilt interest
UK dividends
UK propety income dlvldends
Unit trust dividends
Overseas dividends
Overseas interest
Interèst on bank d8POSIts
665
38,905
8,876
3,382
55,329
875
37,544
30
21,996
6,351
9, 709
14,274
4, 190
51.070
I I
44,186
13,617
2,595
38,019
75,433
2.083
Income from investment assets is attributable to the unrestricted fund.
Analysis of resources expended
Investment management costs
2024
2023
Investec W8alth & Investment
42.289
40,543
Expenditure on investment managemant costs is attributable to the expendable endowment
fund.
Charltable activities
2024
2023
Governance costs {note 8.3)
Charitable donatlons (not8 8.4)
52,232
208,940
60,880
133,000
Expenditure on charitable activities 15 atlributable to the unrestricted income fund.
12-

WILLIAM ARTHUR RUDD MEMORIAL TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Governance costs
2024
2023
Accountancy fee
Independent examination fees
Prior year fee adjustment
Legal, secretarial and administration fees
Trustee fee
1.380
2.760
(2,640)
48.812
1.920
3.970
2,640
52.470
1,800
Charitable donations
2024
2023
Belltree Music Therapy
Criminon UK
Cystic Fibrosis
Drama Expressions
Guide Dogs for the Blind
Holy Trinity Church Las Palmas
Home-start Westminster
Jigsaw (South East)
Kids Space
Koestler Art Scholarships
Leap - Confronting Conflict
MS Trust
Parklnson's UK
Providence Row
Ripple Effect
Royal Trinity Hospice
Success Life After Cure Ltd
Sunny Days Children's Fund
Teen Enterprise
The Respite Association
The Trussell Trust
The Wallace Collection
UK for UNHCR
UK Hospice
World Vision
2.000
10.000
3,000
3,000
4,000
10,000
20,280
5,000
3,000
5,000
20,000
5,000
48.000
48,000
5,000
3,000
5,000
7,000
5,000
14,000
15,000
2,000
5,000
3,000
5,000
5,000
5,000
10.000
10.000
5.000
5,000
10,000
7,660
10.000
5.000
10.000
Other
2024
2023
Bank charges
62
26
Other expenditure is attributable to th8 unrestricted income fund.
The Trust eTnployed no staff during the year ended 31 December 2024 (2023 - none).
13-

WILLIAM ARTHUR RUDD MEMORIAL TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10
Analysis of funds
10.1
Analysls of net assets tsefv￿en funds
Unrestricted
Income Fund
Expendable
Endowrnent
Fund
2024
Total
Investments
Cash and debtors
Creditors
8,185.767
18.129
8.185.767
95.694
{96,338)
77,566
{96,3381
8.185.1
After the year-end the Trustees resolved to make a transfer of £18,772 from Expendable Endowment funds lo Unrestricted
funds as permitted under the constitution of the Fund.
10.2
Analysts of charltable funds
Balancg
brought
forward
Balance
Ca￿led
forward
Incomlng
resources
Resources
Investment
gxpended Gainslllosses)
Unrestrictd income fund
E>pend8ble endowment fund
36.489
7.761.145
205,972
1261.2341
(42,2891
118.772)
8,203,896
485,040
10.3
Prior year- analysis of net assets ￿tween funds
Unrestricted
Income Fund
Expendable
Endowment
Fund
Total
Investments
Cash and debtors
Cr8Jitors
7,870.211
1109,0661
7.870,211
105.872
{178,4501
214.939
{178,4501
10.4
Prior year- analysis of charitable funds
Balance
brought
Incoming
forward resources
Balance
carried
fonvard
Rpsource5
Investment
expended gainsl{losses)
Unrestricted income fund
Expendable endDwrnent fund
7.241
7.548.120
223.154
{193,9061
{40,543)
36,489
7.761.145
253.568
7.555,
1234,4491 Th5T56r
97.634
14-