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, [￿xce*S Rep)rtable In¢ome ana equalisation
Jdjusttm¢iil
4,537
5,197
Net realistxl/ unrealiscd 8ain% (Note 8)
180,678
88,729
Mx*k¢¢ 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

10. 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
11. Debtors
2024
2Cb21
liii'e8lmenl incontr reLeiiyed lli Janiwiv 2025 (lattuary 2024)
490
748
12. Related party diselosures
There were no related paty transactions durAng tlie period.
ti

13. 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