2024-12-31-accounts

Sefydliad Elu<ennol Tudor Pritchard Charitable Foundation Report of the Trnstees and Financial Staten)ents for the yeai. ended 31" December 2024 The Tudor Pritdlard Charitable Fowid*tRon Charity Registration Nwnber. 32827S

Report of the Trustees and Financial Statements $t for the year ended 31 December 2024 Pkig Trustees and È￿vI.￿jl% l-or the yeAr enilL.d.I1" l)e¢emkr 2024 Trustee.s Report for the year ended 31" DeceiDber 2024...... 1nde￿￿entEXamLi)eFyReP0rt........................ Stateineiit Df tinAncial a¢liviti¢y for the year ended 31 St [)ecemlioY 2024 F.l¢i14uitye Sheet is i)f I I, D¢￿￿1￿[ 2024..... NotL"¢l() the fjnancial statements f()r the year ended 31. Decem￿[ 20?4.

Trustees and Advisors $t for the year ended 31 December 2024 Trugtees Eltsri Ceridwen PhÉllips Rhian M￿r Roberts Giufydd Elwyn Roberts Chai'ity's pi'lncipal address Rectory House Peterston super Ely Cardiff CF5 6LH Investment Managers HSBC. 8 Coi'k Street London WIS3LJ Solicitoi Geldards LLP Duinfries House DumfTies Place C.ardiff CF5 2ZF Independent Examiners Naunti)n Jones Le Ma5urier 24 St Andrews c.rescent C.aithff C.FIO 3DD

Trustees, report for the year ended 31¥t December 2024 The Trustees present their annual report and financial statements of the charity for the year ended 31 ' December 2024 The financiat statements have been prepared in accordance with the accounting policies set oiit in Note I to the aLcounts and comply with the Charity's Trust Deed, the Charities Act 2011 and the Accountingy and Reporttng by Charits'es.. Statement of Recommended Practice 2019 applicable to charities preparing their accounts in accordance with the Financiat Reportingy Standard applicable in the UK and Republic of Ireland. Structure, Governance and Management Tl)c Foundation was established by Mr Tudor Prltchard and is constituted as a Charitable Trust in accordance with a Trust Deed dated 2Y April 1989. with an initial £1,000 Investment. The power olappoillting new or additional trustees is exercisable by the trustees by deed or by resolution at a full meetsng of the trustees. The number of trustees sh￿1 not be pennitted to fall to below two. Tlie Trustees undertake their work on a voluntary basis and receive no remuneration. The Trustees tneet at intervals during the year to discuss and agree key decisions affecting the charity. The iliarity does not actively raise funds from third parties and seeks to continue the charitable work desjred by the donors throusFh the careful stewardship of ils existsng resources. Financial Review The Charity's activittes are entirely reliant on income and investment returns from its expendable endowment. The investment portfolio generated incoine of £61,441 duringy the year and £42,800 was donated to a range of chants'es. At the end of tlie year the total value of the investments (incl uding Investment Cash) was £2.4?m compared to £2.26m on 31" December 2023. '1'his repr¥sents an increase in value of 6.6 / (net of fees) comp<wed to a Total Retum of 8.1 % in the FTSE 250 during ?024 and a[] Increase of 6.4 % in the ARC Balanced PCI Index. The Trustees liaise with the investment managers to monitor the performance of the investments within a b￿anced/Med1. um nsk" profile. The administration costs of running the charity, including the Independent Examiner's fee were £1,046. The Trustees are satisfied with the ftnancial position of the charily dl the end of the y&4r. Objectives ￿ld Activities The objects of tlie trust are to supwrt or promote such charitable purposes as the Trustees inay in their absoliite discretion detennine. The capital as well as the'income of the charitable foundation shall be applicable for any puwose of the charity wtthout regard to thether such purpose is of an income or capital nature. The Trustees aim to provide grants to a Tange of registered chaTlties or entities with charitable objectives, to ensure that the activities undertaken further the chartty's puryoses for the public benefit.

TIIL following donations weie made during the year.. Prostate Cymru Charity Nutnber 1168682 £800 Alzheimer's Society Charity NumbeT 296645 £500 Cor y Gleision Charity Number 1192490 £5,000 Blood Bikes Wal¢s ChaTity Number 1201700 £2,000 Maggie's Charity Charity Number SC024414 £500 Lord Taverner's Charity Number 306054 £5,000 Urdd Gobaith Cym c.harity Number 524481 £5.000 Carers Trust Charity Number 1145181 £io.000 RNLI Charity Number 209603 £2.000 DEC. c.harity Number 1062638 £5,000 Horatio's Garden Cliarity Number 1151475 £2,000 Llamau Charity Number 701772 £5.000 Total £42000 The Trustees in rnaking payments from the trust have had reg￿d to the Charity Commission's guidance oil public benefit and are satisfied that the payments made will have made a difference to and benefited the chaTlties supported. The trust intends to continue making donthons where the trustees see fit. Risk management The Trustees have considered the major risks to which the charity is exposed and have reviewed those risks d established procedures to manage those risks. The Trustees consider variability of investment returns on the expendable endowment to constitute the charity's major financial risk. whic4 may arise durinu volatility in world stock markets. "file Trustees have instructed professional investment managers to advise on and manage the investment portfolio to ensure that the tund is balaiiced and not overly exposed to higher risk investments. The investment advisois are instructed to invest and ma%imise the return on the expendable endowment funds within the constr<ynts of a meth'um risk investment portfolio.

Policy on ReSc￿e5 As the charity has minimal on-going costs and financial commitments, the Trustees are of the opinion that general ieserves not required. Any unplwmed or unforeseeii costs, whlch are likely to be small, will be met from annual income. Trustees. ￿SpOnsibl11t1eS in reliition to the financial statements The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance vith applicable law and United ￿. Iigdom Accountsng Standards (United Kingdom Generally Accepted Accounting Practsce). The law applicable to charities in England and Wales requires the Trustees to prepare financial statements foi each financial year, which give a true and fair view of the state of affairs of the charity and of the IncominLv resources and application of resources of the charity for that period. In prepanng these financial stateIiients, the Trustees are required to.. select suitable accounting policies and then apply them consistently, observe the tnethods and principles of the Charities SORP. niake Judgements and estimates that are reasonable and prudent. state whether applicable accounb'ng standards have been followed. subj ect to any material departures disclosed and explained in the financial statements. and. prepare the financial statetnents on tl)e Lyoing concern basis unless it is inappropriate to presume thdt the cliarity will continue in business. The Trustees are responsible foi keeping accountingT records, which disclose with reasonable accuracy. at any time, the financial position of the charity and enable them to ascertain to ensure that the financial statements comply wtth the Charities Act 2011, th¢ applicable Chariti¢s (Accounts and Reports) Reg*ulations and the provisiov&S of the Trust Deed. "rhey are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for tjie prevention and detection of fra.ud and other irregularities. This report was approved by the Trustees on . d is signed on their behalf by: G E Roberts - Trustee

liidependent Examiiiers Report on the Accounts of The Tudor Pritchard Charitable Foundalion foi. tlie year ended 31" Decembei" 2024 The cliarity's trustees aye responsible for the preparation of the accounts. The Charity, s tiustees consider that an autht is not required for this year under section 144 of the Charities Act 2011 ("the Charlties Act") and thai an independent exan]iiiation is needed. It is my responsibility to". examine the accounts under section 145 of the Chanties Act, follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charitses Act. and state whether particular matters have come to my attention. My examination Nvas carried out in accordance with gyeneral DRrections given by the Charity Commission. An examinatlon includes a revlew of the accountingy records. kept by the charity and a comparison of the accoiints presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seekints explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is gLven as to whether the accounts present a 'true and fair, view. and the report is limited to those matters set out in the statement below. In connection with my examination. no matter has come to my attention.. which gives me re￿Onable cause to believe that in, any material respect, the requirements.. o to keep accounting records in accordance wilh section E 30 of the Charities Act; and o to prepare accounts thich accord with tlie accountin¢tr records and comply with the accounting tequirements of the Chanties Act. have not been met. or to which. in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached. Signed.. C R Caiidy FCCA Naunton Jones Le Masurier charter￿ Certified Accountants and Registered Auth'tors 24 St Andrews Crescent CFIO 3DD Date. Jp//p/M&f

Stattment of finallcial activities for the year ended 31 ' December 2024 Tutal Funils 'I'otal Fund8 UnMtritÉcd Fund Expendab 2024 In¢utne and Endowfftents Note UK DiN'ideiids ￿ld Untt'fTUSt irtl¢iesL 12,3114 12J84 46.22) OvLYsta5 dividends inttr¢$i 44.522 44522 Other iiicom¢ 6.1190 TraiLsCcr io Chariry Bauk Acci)utrkt 70,000 (70,000) (8,559) Tts¢#l ittc()me 70,0( 61,441 (1(?.¥31 c.ost ofraLgiA¥ funds.. lJiw¢¥ttttciit iJiana8eii?¢J]t Costs (l j,431) {1S,433> 15.917) Exr¢nd&tyreon Ch&ritabl¥ ActivitiLS". 111de￿nde1it r.xaiiiiAI¢T'S 1¢¢ 1.010 1,01 'JLI2 Charitable Atytiviti¢8- Grants 10 42.8W 421JOO 2C).()Ixi Adtiiinistiatioll Costs and Bank Chttr8CS -ifj 52 C'.ost of Crgnt maktng (43,846) (43J1461 12C).9551 Ttst#l Tr'.xpendithre (43,846) (15,433) (59,279) {_3?:872) -Vot iiwomel (Èypenditure) bEfure OJJ in￿'eStments" 26,154 (23.992) 2.162 -A_1.9C>l 'et nii investments 18().678 180,678 88,729 NLt.Movvment in Vund$ 26,154 156.686 182040 122.6YO R¢conLYllation of funds Tiitxl hnwght ffjrward 13,956 2.257,481 2,271.437 2,14S,747 'I'vt?l Funds carried fonvai'd 40.110 2,414.167 2,454,277 2.271.4.17

Balance sheet as of 31., December 2024 Tvt Fund$ Ti)tal Unre.4trActed Funds Expendable EThdnwmcnt 2024 2023 N()le InvLslrnenls 2.404.542 2,404042 2,137,661 c￿r￿nt a$%et% Iiivesthicnl gers Cash ALL()iinL 13,119 123,142 L'lurity B1￿k Accnuiit 41.158 15.059 l)¥bi£)rs 49(1 4911 748 Cre(litor8: #mounty falling due. within one yéar 3_)( 84 5,173 Wet cMrYtnt aslels 4(1.1111 9.625 49,735 133,776 Creditors: talling in tDiJre th￿ yvar NL.t a.¥%et% 40,110 2.414.1(?7 2.454,277 2.271.437 I'h¢ hTrd%' of thi. eharitv: ENpendablc E'ndowment lund8 2.414,167 2,414,167 2,2.57,481 [Ji￿e.￿trI¢tea Iiiboine l.und 40,110 411,110 13,956 Tvtal Lharit). fund 40.110 2,4 14.167 2,454277 2271,437 Tli¢ Iioies on IM8es C) to 14 fon]i part of thvbe accounts. 'rhe financitsl stdtLmLI)ts on pa8L 7 10 14 ￿erL tippiI)ved M, the I'ruscL)es 011 'and signed their bLhall' by.. l.i L, I{ol￿rt.% 'Ini%lLb

Notes to the financial statements st for the year ended 31 December 2024 l. Pjineipal accounting policies Basis of accounting The financiat statements are prepared under the Iiislorical cost convention with items recoLnised at cost 01 tratksaction value, apart from investmeDts wfrll.ch are stated at market value. The accounts (fRnancial statement4) have been prepared in accordance with Accounting and Reporting by Chari.ties". Statenient of Recommended Practtce 2019 applicable to Charities preparingr their accolmts in accord￿lce with the Financial KeportKng Standard applicable in the UK and Republic of Ireland (FRS102) and the Chariknes Act 2011 and the UK Genera]ly Acceptea Practice. Tlie Foundation constitute5 a public benefit entity as defilled by FRS 102. The Trustees consider that there are no material uncertainties about the Foundation's abillty to coniinue as a going concern. A gummary of the more important accountsng policies, thch have been consistently applied. Is set out below.. Income Incoming resources are included in the stalement of fiiiancial activities when the charity becomes entitled to tlie resources, the tiustees are virtually certain they will receive the resources and the monetory value can be measured with sufficient reliability. Investment income is included in the financial statements when receivable When incoming resources have related expenditure. the resources and expenditure are reported gross in the statement of financial activities. All gdins and losses are take]i to the Statement of Financiat Activities Is they arise. Rea]ised (Fains and losses on investments are calculated as the difference between sales proceeds and openirjg market v￿ue (purchase date if later) UnrealLsed gains and I0￿eS are calculated as the difference between their fair value at the ye￿._end and opening market value (or pur¢h&s¢ date if later) Realised and unrealised g￿n$ are combined in the Statement of Financial Activities.

Expenditure Liabilities are iecognised as resources expended as soon as there is a legal obligation committing the charity to the expenth. ture. All expenditure is accounted for on an accruals basis, Grants Grants payable are payments made to third parh. es In the furtherance of the charltable objects of the trust. Single or multi year giants aTe accounted for when eithei the recipient has a reasonable expectation that they will receive the grant and the trustees have aLFreed to pay the grant without condition or the recipient has a reasonable expectation that they will receive a grant and ￿]Y condition attaching to the grant is outside the control of the Trust. VAT Irrecoverable VAT is charged against the category of resources expended for thlch it was incurred Trade and othei. debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offeied. Prepayments are vall￿d at the amount prepaid net of any trade discounts due. Cash and cash equivalents C,ash and cash equivalents comprise rash at bank and on hand. demand deposits with banks and other short-term highly liquid investments with oiiginal maturities of three months or less and bank overdrafts. Iii the statement of financial positson, bank overdrafts ate shown withiii borrowings or current liabtlities. In the Statement of Cash Flo￿. cash and cash equivalents are shown net of bank overdrafts that aTe repayable oil demand and form an integral part of the company's cash managem2nt. Investments Investments are reflected in the balance sheet at market value Volunteers The value of any volunteer help received is not included in the accounts. 2. Taxatio The trust is a reLiistered charity L￿d accordingly is exempt from taxation on its income and gains where they are applied for charitable purposes. Trustees, remllnei%tion and expenses The trustees received no remuneration during the year. The trustees, in relation to the administration of the charity, incuried expenses tot￿ling £36 (2023. £53)

Aceountancy seiviees 2024 2(123 Analysis of Lharg¢ pald Jiidependent I:XllTnir)É2tion Fee ioio 902 Fixed assets investments 2024 1023 M4rkLt Value Mark¥t value l J￿luary 2.137,661 2,072.024 Adth"li()ns in the iieriod at ¥lOSt 1,263,093 2,010,7117 Di$￿saI% in the ￿riod at camluig i'aluL' (1.181,427) (2,039.256) Net non-ca%h accuunt units, [￿xceS Rep)rtable In¢ome ana equalisation Jdjusttm¢iil 4,537 5,197 Net realistxl/ unrealiscd 8ain% (Note 8) 180,678 88,729 Mxk¢¢ walue tsn 31 DecL'mber 2,404,542 2.137,Ci61 Analysis of investments 2024 2023 Equilitys ,566,4iO 1181,lJ97 F'ixcd Interedl Money Mark-Ll 621.962 631.515 ljther InvL'%(m¢nL8 216.130 125,049 Totxl inve8tm¢nt 2,404542 2,137,661 L¢ish IielJ within th¥ Ini,e￿￿nYlll puilli)lio 13,119 123,142 Tvtiil FnvestmeD*s held bv InvLstmen¢ Manager 2,417,661 2.260,1101

CITditors: amounts falling due within one year 2024 2023 5,032 5,17.1 Net gain/ (loss) on investments 2024 2U23 Nel ILali.%edl unrea118cd giiin/{1085) ()ii iiivesttnenls (Note 5) 180,678 Admiiiistratioii Costs 2023 Admiiii.stration costs, including %tationery. postage. Wlliting, phot¢)copying and irdvcl. inburrfyl by the trustees 36 53

1. ChaiitAble Activities 202_1 PiostatL. Cyniru Cliarily I li6027 800 &¥051ate C'<Qll¢CI IIK C'harity l(K)i541 I,000 C￿rdi11 dnd Valu Health Ch￿l[1t3, CIwTily IOi6i44 i,O(K) Alzheimer's S'ociety Chlltity 79664) %É)uilTr Wales PoliL¢ Trust Charity 1133(1)7 2,500 Cf)r i, CTlei4ion C'harit).. l ijl 24(111 5,000 Bliiod fsiL¢s Wales Charitv 12017(K) 2,00 M&L&Tj¢ s L'IMrity Charity, SC024414 500 Lord TavLm¢r' Cknrily _31160.54 Cli?{ Iity l(h52638 CarLYs TnL%I Charity 11451 Sl iO.(M) 10.(x)o 14uTatio'% (i8rdLn Lliaril}, 11.51475 2,000 URF)D Gi)baiih Ljntu CIMILly i24481 .s,niio RNLI C'hEJrits, 2096(11 2,UOO Llamau Charity 701772 -5,000 5,011(? Tot*1 42,800 26.11(Kl
2. Debtors 2024 2Cb21 liii'e8lmenl incontr reLeiiyed lli Janiwiv 2025 (lattuary 2024) 490 748

3. Related party diselosures There were no related paty transactions durAng tlie period. ti

4. Apportionment of costs Costs have been apportioned between each income category based on a percentage of income. )vers¢as 'rran5fc dividend% aiid Cliarilv f4aiiL A¥ Other Iijiome otal Ivid¢nd just 11)teTesi Inv¥sim¢llt iii&na¥¢mLM)t ¢osr 1.139 li.43.A lild¥￿Id¢ll( EXami￿er.8 204 75 LQIO ChaTilable Activities 8,62fy -11.015 42,81M) Adiiiillistratioii Costs and El￿21]k Chars¥% 36 11,948 42,95S 4,376 59379 14