Docusign Envelope ID: C45321B&C69C42AD727D8EC2O8B2E CHARITY REQI8TrATION NUMBER: 1120878 The Davld and Claudla Hardlng Foundatlon Flnanclal Ststthnents For th• yoar •nd•d 31 D•c•mbor 2024
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Docusign Envelope ID: C453218K6K4W.8472Ja7D8EC208B2E Th• D•vid and Cl•udla Hardlng Found•llon Tru•t•••' AMUQI Report Y•ar •nd•d a1 D•c•mb•r 2024 Tho InNta¢8 pro9• th roport wxl Itto Ilnandal Ihe ch&rfty for Ihg yov•Thl•J 31 oKbor 2024. R•l•r¢nM •nd •thilnl•tr•iiv• d•l•l R•gl•¢•r•d ¢h•rlty n•n• The (>a¥ld I1 Clau¢Ja Hardro F¢xtsKlaU Ch•rlty r•gl•tr•tlon nwnb•i 112rA78 PrlD¢WI offl¢• Chiè Hocyeff• C¢yJrt Lomlon svrd 1AF Th• tru•l••• D W HaKllng C Hanmng S Undl•y Audltor Grefyham Ho 5-7 8t Pauth Slr••l LS12JG •ank•rn Cfrw•&Co 37 Ao01 Slr•ot Lond) EC4P 41)Q 8olleknr• Wlthw• LLP 20 ¢Jd 8•ll•y Lon(b EC4M 7AN 8trudur•. 9•wm•nM and mffi10•nfiI Th• Davhj and cla& Vh• 0dlIlIS 9ne ty • Inmt d••d 10 Aug 2(KJ7. a8 varfad Irom Ilm• lo tkn• <th• 08•rf). beon rO8ternd knllh Iho Charfty cornn 8lne• 17 S•pt•mb•r 2007. Th• Tnl Dmd ••ts th• frnmthth kn tho •ppoth•rt r••pwltAlldo•. of th• Tnxl••J. Tntyt• appj In acconlwu lth lh• TnJ•t D•od •nd f#wThlbl• lor ov•rna•iTrJ thè FourlÈtiM'8 grnnl.ma acOvlll8•. Inv•slm•nl managn•ni, Ind I u•0 ol lund•. In lkn• llh lh• FI110 rt•1. Tru•th•s Med¥• no Mriwiiértllan for th1 Th• Board ol Tr1• (th• Tn4t••? ny camprfw up lo l•n mnb•ii 8A1 athlnl8t•rn lh• FoundA11 llh approwlal• piolrfonal ar•J •thilnhtrntlve a• r•qulr•d. Any no¥v T1•0 rrtalw8 an In(knlon c4)¥ertng Ihthr18oal 4jbIlbJ18 WKl•i chadty 14w. th• Trust l)oed, lh8 Foun¢lalh)n'8 and do¢tjloftng thl a rA•w of118 ffirwKS0l porfomwKo. Rl•k rnan•g•ffl•nt Th8 Tr1•89 f8gdty Ihe wlrdpal 11 l&in9 FtyJrKlakn. hKluthn9 Ilnanciol. owallrmol. ropulalional k¥. Parllcu att8nikn ts glvén tha rnarwgrt ol gTaTrl bw•Jtrrwt p•rfrymarK•. ar¥J 90¥om•n¢o *Jules. Approwiate overnighl ThhrIn8 Ara rnalnlaln•d lo mltlgato th410 rf8k#.
Docusign Envelope ID: C45321B5-C69C42AD-8472-97D8EC20882E Th• Davld and Claudla H•rding FoundAllon Tru•t•M' Annual R•port (¢onlnu•d) Yr •nd•d 81 D•rnI)•r 2024 Obl•cllv•• and •olMII•• Th• Foundallcffi'8 chwllal Obts. a8 sel oul In Ih Tnt Deod, arn lo m•k• ol ¢•Fllal. at I dlscr•llw of IhgTnAt¢•g. •x¢tuthy lor¢hartth Anykn• kn lh• rfd. Ihllt ath4artO 8¢18•. •dwar. lh• arty. aNJ naturn ¢onethvall( athll•s d•lv•r d•ar Exam•$ IncrJ• grants 8wy)rtINJ 8el¥)larnNpJ, c(rtwo1 wh11411on8, A¢hl•v•m•nl• md p•rforniabX• Ourfty lh8 year, th• mode charftrtth d(ThlTh tolallSng £•X621 £1.141&31). SUAV a rnng• d Ca11 Fln•n¢l•l r•vl•w lh• y••r. ol iW&621 w•rn mJ• 12028: £1.143.331). donAIoM +wdv•d durkng th• ye•r totthd £10.317.811 (2023: £885.IXK)). ol £10,112,449 Th7• ath8v•d I223. £40S.809. Al Iho yaw end, lh• FouiKlallon hdd n•1 fur•J8 01 £11.C(KJ.347120ZJ.' £887.898) avauabb for fulw8 tharftablo thll•s. AR IwKl• ar¢ threjlr Ih•r•lor• iopros8nl fro1 •¥al•bl• gronlrttsw. lfiv••lm•nl polky ilThJ•r th• lemw of I TnJ8t Ihl. Tnwl088 havo full drnllcn In¥••l tho Fwthlk)n'8 a811 IMY w•r• ab6okrt• bgrnfficL41 own•rn. At th• yow WKI. th• F¢AllMon' lunds w•r• h•ld ID ¢wh ar#J 1rwe8kn lund•. In In• Thllh fv TDJlt. Icy to Pr#ar capKal Ilexlblllty lo mo81 fulw• grnth ccfnmkngnth. A•••M• pc•ll¢y Tho T1••8 lo fftalrthln lu1 lo thil lh• c•n conllnu• h• aGIMd•• •nd m••t lulur• ornnt curmllm•nl•. At th• y•ar £350,869 of 1110 fundw ¥rnre ten) to lulur• donAN¢m 1K1]èd In cr1018. R•mthlnq unrn8lrfct#d furth ar• a¥alatlo for lulur• ch•rt• puTraM• or Thlth th• Ft)undOn.fj oèloth9•. T FwMlalkn'• wtrhJ•d ty Oavld aNJ ClwJ• man9, who ¥# Inthcaknl trAli ¢$TrU•d 8iwxI to fflo01 al lulwo dwllom 4Th1 nmnlno eolts a• Nthd. ar•nt4A•klng polloy Gr1$ are carddor•d Tn1•88 IK8•J alwmenl Yllh th• FowwJaUon'• oWl¥w arnl th• W•nlW lo¥ putAYr b•ll1. Prforfty l• l¥•n la In11tAl0 trwt•J¥ar*• lh• dwrflabl• alm& Pl•n• lor lulw• pwl•d• In fulur• y•ars. th• Intarrfl• to eonllnu• lkn ¢hwltatl• Thllh a loc •uppryUn9 i•••arth and Od•110 ¢ullurnl arKI arlknwc d•¥•lopii•nt aThJ •ts)logleal e<r40Nalkn. i! l..10 l.Lf... arNJ ¥1gn•d on b•hdfol lh• bowd d lJu•t•M ty: D W Hardlng Tru•t••
Docusign Envolope ID.. C4532185.C89C42A04472-97D8EC20882E Th• Davld and Clau(40 Hardlng Foundntlon Trusl•aa' Fte•ponlblllll•• Sl•l•rn•nt Y•af •nd•d 31 lJ•c•mb•r 2024 frusto8s arg rp(YIll• for proparfng th• trt, rewrt and th8 financial statém in •pkqicab law orn1 Unltsd Klngd¢¥n 8taThJaYth qu1•d Klwjorn G8n•MIty lxgthl Acojuntlng Prncllca). The law to thArflles th EnolarKI Wal•8 Iho (wlty t0$ to ffin•rtial slaièmènts for yoar wtM¢h olvo a tr and fair biow stalo of affth of #• chlrfty and of Iho Incrynlw and oAllcal¢)n ol lou¥S. 01 th• ¢harfty lof that porfod. In pr•pf41ing th•80 finaTrlal thlnénlJ, th• Innleu are reqthll lo.. i•l•ct I81• acccAfft¥ng polk[&8 arnl th•n apFly Ih•m cthéN• ffl•lYJ• and 11[1•1 In th• appllcabl• Ixlllas SOAP: mak• hqMontI aThJ Ihal arn r•awblo and prudwl: 8IAta ihor •FplW• UK kw¥nllng Standwth hav• b•on lollNod, to mthrfd d8parbrn d0•81 and oWalno0 In th• Inaal slal•m•nts: prnpara lh• 11rwl&l 81alom cffi tho golng conc•m bull 1•1$ tt l• thwlxo1a1a to that th• ehlrtty TAIII t• In bullnw. Th• trte•s • lor It•a&ng od•guoh 4ccM¥ng Ilwl ar• lo show Oxplaln th• charftyts Irarffjactons and 118clo Ihllh fa•Bontha £ncY al any Umo th• lInw[al PIllOn ehaty •rnl WbAbl• th•m to that ts IlnAKlal •la1•MtI ¢)mWy thllh th• CA)wlll•s Aci 2011. tho &FplkAt4e Chwllb•s (Acc and Aogulalknm, arKI th• wo¥l8lono 111 the Twst 08erL Tly arè alBo lor saltyualg th• a8601• of Ihg th•rfty oTh1 hfj try takl ro88onat4e 81•ps foi th• pM¥kn •nd dttl10Th ol Ir&ud dhor Iff•901.
Docusign Envelope ID.. C45321B5-Cfj9C42AD-8472-9708EC208B2E Th• D•vld and aaudla Hardkng Foundotl•Jn Inthp•nthnl Audhoe• R•wi to th• M•mb•M Th• Davld Ind Cl•uth• H•rdln9 Foundatlon Ymr •nd•d 31 Doc•rnb•T 2024 Oplnlon We have aud6t8d Iho Ilnanelal 81atoffth of Th• Da¥ld WKI QaiK114 Hardng Foundallon lth• 'charttrn ILY th• year •ndfAI 21 Doconknr 2024 twhl¢h lh• •tsiwMnl d fimniial acthvll. 6ts1•m•nl d fmr¢W F#xIkn. #thiément af cath floYK6 and tho ral8 rw IAlIng a •urMiary of 4tgn511c•Thl potthB. The thartiAI w4xJrtkv4 frnm•th thal ha8 be akpled in Ih•lr law a1 Unw Ktrffjdom SthThJafd8. FRS 102 Tr• Flnanc4al Fl•portlng ap¢•blO in the UK aThl Rewblk of Ir•land Ac¢w Atttythlng Prathal. In lh• lwi¢W •tat•iwds: glyo a Iru• latr 0W ol Iho 81at• ol lh• affojrn al 31 De¢•rtw 2024 ol tts ure6 and aprllcakn ol r•wurcw. 1lIng Its InpJn• I1 •xpon¢ure. lor th• yo•r th•n •ThJ•d; IMv• b•m wéparnd In xe4ydArte Thllh I0nnIS 01tt (knll•• Acl 2011. B••l• lor •plnlon W8 Condld our alIt In lth lnhm0lkjr stand ¢n Anll IUKI OSA• IUKI) aThl ar¥kat4• law. O r•8poniiblllil•8 •taThJwd• •r• h¥th•r 4Jfjwlbed In thè I1110¢ fwthalltt•s for th• audlt of the lknanc4al 8td•m•nb doui rnwjrt. WO ar• th• In lIh ts att ar• rg18vant lo our a(xlt of lh• Fn th• UK. Irdudk¥ lh• FAC'• Eth1 Sland•fd. and ¥M hav4 Ial8d Ouf ath•r •tlal r•8poMlblNtlo9 kn wxorylm vAtr ttw80 W• bdl•v• thAI IM awjll •kl•rta VA hav• cthln•d Iftd aW0pIe lo prolth a bas1• tsour qiblon. Con¢••• r•Wlng 10 MlleWII In audlllw tha Its)la1 8tat•n•nts, h•v• crKKlwJul Ihal lJk• trw¢w•' al th• ean¢•m l>•ili of Kcounlng In I 8aMd on lh• woth w• p•f(ffiwd. Y4 havo Id•rthl •w fflthrf•l unc•rtdnl# rnlaling •¥•nts trwl, duaty or cowwy. ¢ul 8lgntlkArt clwrfty8 4blllty lo COru o 4 gxK4Nn for a at l•a# Iw•h• frtyn flnAndal •talwnits am 1¢Ah0rf tor Our re•p(Thl)IliUM •nd ts wo•p)n8lllMbw ol th• lJ4wlw• llh rapl tr• emm ar• d•wlbfjd In th• Ml•¥)t •KIIty 01 thlo f•WI. fth•r Infarmallon W11t#)ul quallfytng our opfftSon TA• draw allenlSon to lh• Pollclo• In Nolo 3 to tho 11n•1 •latwn•nts and Ihe l&1 Ihal lh• ¢<nparnlN• lh• aceourf• WA• una•xlll•d as th• dwrNy •ppll•d Ih•lr wlllom•nl to •xnptlon fnm In the oryw. Th• olh•r Inlomwlon th• lrtmlon fftlud•d In th• annwl r•port. Ihan th• ffnwjal ond fAff awlKorb ropcrtl Ih•rwJn. Th• InAt•O8 arn T•spbI• otsr Inlonmlkm. OuroK4nkn) •lairnl8 do•• not ¢T th• olh•r InlomNgliw tr lh• exl4nl ¢)Itth•ft• •WkAIy at•d In ¢)ur rqwl, wfr nol expr••8 lom) a4WTan¢o ¢on¢lwJlon th•rnm. In WM•Ctlwi •)w ol th• Ilaiiftts. our rn•ptywlWMty h lo r••d lh• olh•r Irdomth aftd, th dolng • ¢onold•r wh•lh•r lh• other Snfomwllon l• malwlalty IMxMl•t•nl wlth th• Nn•nclal •lo1•Mty or our ¢)btdnod In lh• a¢ or olh8rlv •ppe•rn to b• mat•rWly m181tat•d. If th• idwiuty Such m•ifjrlal Incl81 or >par•nI mailal mN#la1)ts. w• afo r•4ulred to d•Thrn& Ih•M l• a mAl•rf ml8thknmwrt In tho fIn1 8lalorn0 or a matorfal ma8Iat•ml ol Iho oth•r Inlomalttyk 11, l)iJ rxt lh• wotk hAVO fvwrfomwd, TA• c(XX4J• thal thw• l• a mi¥atam•nt of thth othw Inf0mwdt, arn r•qulr•d lo roipM Ihat fact, W• h4v• I11j tr) In Ihl• •tt•r• an whlc w• ar• rnqulf•d lo r•port by •x¢•ptlofi In tha Ilghl ol th• krnxrf•dg8 ar¥J ur#lorntandlng ol tho ¢harfty and its wNlffjnm•nt dth•d In Iho ol th• audth. h&v• fiot en1110•d malwlal rnts•lat•moth In lh• tn•teJ r•po Wo nolhiftg ts Nport In of th• lolovArvJ mollor• kn rdallon to whlch lh• A¢t 2011 to v•ivl YJu11, In our ttw Inlomiallon tho IN•1, r•p)rt l• In any fflderfal fe8p•ct llh lh• flnondal alatomont•; or •¢J•qyafv a(¥wnirffj hav• ftol bow kt or lh• lin,$116fflonts arn nol kn awogmèni ith thè aNI welums: or
t>oGu¥ign Envelope ID: C45321B&c69C42A8472-g7DaEC2QeB2E Th• Davkl and Cjwdla H•rding Foundjtion Ind•p•nd•nt Audito¢• R•part to lh• M•mb•rn ol Tha Dav and Claudla Hardlng FOund1¢xl (cwlthu•d) Y•ar •nd•d 31 Decefflb•r 2tr24 we havo nol fo¢aived all ts Inlomiallw 0¥IonaUon8 x r•qulrn tor awjl. Awon•lbllhl•• oltrujl As •Wned In tho trltyt, re6pYbIud•& tht•mMI. 1h• IfUSt•è# Aré léap th• para of t ISna{al slal•m•nts aTrJ for S111j Ilwt Ihoy ¢vo a Iw• a1 lalr ¥lw, and for Such Iniamal ¢()trol as I tr1001 dg1wm1 L8 nec8800ry to lh• proparnlkm ol In181 slthrnen18 Ihal are Iree frorn mal•rtal rn38lat•rnt, v#h•lhar ( lo lrnth or •wTh. In piyrtng Iho •lthnwth, th• t1891 are M¥FKThlbl• for thg ¢h•lty8 ablllty lo cMYnue as a gory ¢•m, dlsdoglno, awllcablo, matt•rn rnla to gotsw e¢YLeém uslrKJ th• grin9 ¢orKem a¢¢0 trugte6s elher knt•NI to IWd&to Iho or to eeaBe opw•kn. or Iklve no rgallth allw¥8 bul lo do so. Audlloe• rn•pon•lbllld•A lor th• •udlt ol th•tlMnclal •tstsm•nlB We hwe bew apportod 08 •Ath ll•f 144 of th• ChArlliM Art 2011 qnd report 1h 1• undor 154 ol Our oblO¥08 arn * ol)tsln r8a84Thbl• about Iho fknoThJ418lalgmw• w a lrn• Irtyn nlal mlMt8temonl. duè to tra1 Qf e1. a1 lo14¥u• an Audllorn. r•F¢rt that Includ•s oplnlork ROan• a88ularol8 hlgh leval ol duurno, rtIS Mt a yrnnt•• Ihnl an a11¢ ¢rykluclod In •xonl00 vrtth ISA8 {UKI lll d4cl & mAl•rto1 m19tstaIl Awn11 arf88 Inj or •Thor arnl are cofijldered malorf1l, IndM¢knlly oi In Iho aggr•gal•. IW eoukl b• oxpKl•d to Inllu8nco tho {MOm[C d•dBILTh d u8•rn lak•n cn lh• bul8 01 th08• fIn•nl stat•nw Iff•gulwMl••, fvwd. •ro Irlww ol n(¥K(x11ao 41h IM and r•gdatlorn. W• dJn h) Iln• our r•srAthilt8# abty4•.1o d•l•cl ml8stat•ménts In r•¥•¢t of lffogul•rlM fraud. Th• oxlwrt to whkh +Jur prxthro8 W• [ts1• ol delxdnp Indwllng lrnwj l• d•lall•d b•low' Wo t)btakd an dlI¥Ing of th• l•gd 9•tOry llNn ¢ompww op•ratM. Iho•a laws ¥J wulitlryw Ilwt Iwv• a (Ir•¢t •ll•ct on th• do18mnlIan ol ma¢•rfal In Iho Ilwi¢W W• bJ•ndfi•d lh• waa11 rf•k al mAl•rtal Iroact on th• ffn•n¢thi frnrn iwul•rfYe• I tra1 lo bo MAnagwnont twwrfd• ofc4)ntrol8 lo fflth4pulalo th• VXnPAty• p•rfomiaru Ir1 lo rn•W lary•ls Tlmlng of rw•nu• T•coythn Marwggment IwJg•rn•nl •ppll•d In ¢ClAll pTh48lN ¢ornpllanc• knllh Ml•vant IAWS ragulalon• fAthl¢h (roclly IlnwKW and IPTh• Ihal lh• ¢ornpany n¢gdB lo CoMY llh lor Ihe pury>o8e ol tradtng Ouraudll pffx•dur•8 lo re1pmI * Ihgm rfk• I1•d.. T•slng ol loum•l onldo8 ad]wbTh•nts for Evalura Itr ialloMl• of 6Wllkant traraellon# outsid• lh8 nomiil ¢ow•• ol b1n R8vlolng I19•nI& mAd• ty manag8m•nt m Ihètr eulth ol Ar{xnth9 OBUma lor W•nltnl rn•nI bJa• ErquIrt ol monagem•nt •bout1Sllgallon aThl clalms arnl ol rolevanl l•gal arKI WDIM8knal feeg lo kI1ty iThlcalkwwol a¢lu41 or Wonllal Ildgad¢)n, and any iih lavA and Awthcal to Id•rfy any or unoxrAet•d tronth Tè#fjng rwnlwl In th• yur •xl p1 y•af end. rn¥• awxopthidy. BKakffje ol Ihe inhwonl atIOn¥ ol w •JJl. Ih•r• ks a rfsk thal Th)t do11 al lieg1110, InCltIrj th080 leadlng lo a malqrfal MI141 In th• Ilnencl•f slatonI# or rKrfKcAnFllan¢8 AIth r•gulAtkn. Th18 tl8k tr¢r6fi1•8 mor• that ¢i)Mlar0 wth a law ry r•gulAttI8 rwThyMd Imm ts th119 dnd 1(an•Ill Ihe final81 $latements, wo 111 b•10$8 Ilk•ty lo bK¢m8 ol In81arw ol noTrccryfknu Tho rfak Is alsogrutor T•gArdng Irr8gulili#a 011n9 dua to ralhar th emr, aB fra1 Invo5vM ITrt•n CO0n1, foryary, cdItsA omis8lon or ml81epr08latkn. A lurthor doscdplion ol our Ywonsib115UgB for a1 cl Ihe Ilnand•l stat•Y1$ Is kut•d tré FIn¢ A8wtsng Councs WBbsite aL' w.Ilc.OfgAWaI0rIrtspI1Ilél. TPdS dnptrOn tom wl of our ro5yL
DoGu5ign Envelope ID: C4532185-C69C42ADW72-97D6EC20882E Tho D•vld and Claudla Hwdkn9 Found•ll•n Ind•p•nd•nl Audltotr• R•port lo th• IA•mbor• ol Th• David and Claudla Harthng Found•llon (eonlknu•dJ Y•ar •nd•d 31 D•Mmb•r 2024 U•• ol oui i•port Th1& rèw ts rrdo 8ddy to mwnborn, aB a I, In leci1c 144 ol tt Chftrftl88 A¢1 2011 and reouLqllon• mado undor trftiLM1 154 of tst Ad. Our athlll wc** boon urnlrAIkn 80 Ih•t we thghl •lat• to th• thwilrfs m8rnbor8 thos• rnatt•rn arn rnqdmd to slat• to thwn in an aThJ I no NiriM¢. To thé OXI1 p•mltt•d ty Lqw. do rKrt &e•O ty wum8 1¢ an1• othgr ts Ihg thwfty and tho ¢h•rftyb a& bcKty. loi our audll lor INS r•)tyl. or fov th0 QOn1$ Th• hw• Ir)mwJ. AA8 A11 & Accounlwy Umllfjd Stslutory A101 &7 Sl P•uf• Str••t L••ds LSI 2JG 231iolzs
Docusign Envelope ID.. C4532185.C89C42AD-8472-97D8EC20882E Th• D•vld and Claudla Hardlng FoUndon Slat•rn•nl ol Fln•nclal ActlvlU•• Y•ar •nd•d 31 D•c•rnb•r 2024 (Unatsdltéd) T¢)tal fLnJ8 Tolal Not• Incom• and •nd0wmts 0tiOn8 aNI ltylcl•4 In¥trnon1 IrKtmO 10.317,811 10.317.811 T•l•l In¢orn• 10.386250 10.386.250 931.689 Exp•nd5tur• ExFwKlltur• on thafti•blo •£MIlYJ T•lal •xp•ndI1• 17 1.152226 1.152.228 1.837,498 1,152328 1,837,498 Nel gwn8 on nVastThnls 10 ern425 878.425 N•l Invom•A9•ndII> •nd n•t mg¥•rn•Tht In fi•nd• 10,112.449 10,112849 1405,809) A•eoft¢lll•llon Of lufid• Total IwKl¥ Ixought T•l•l fund• ovfl•d lorn•rd 887.898 1,293,707 I1.C.347 11,QCQ.347 887098 Tho Stat8 d IMal r£tJos tttthla6 8.1 lAS artrj 1•e0wd In th• y••r. I IT(0 and e¥pwrftttte dw¥• lffjm c(YAlnulng advfd•# Th• nol•8 Jn pry•• 1010 16 lonn ol th•#• fin*n¢lal •l&tsm•nl
DoGugign Envelope ID.. C4532185-C69C42AD-8472-97D8EC208B2E Th• D•vid and ClaudLq MA1n0 FoundAtlon Stal•m•nt of FlnwKlal Po8hlon 81 D•¢•mb8r 2024 Not• Tanglbl8 Ilx•d a88010 In¥e8tménts I301 920S,571 16 9287,872 Cun•nl a•••i• 17 4.859 2.111187 157 IA37.971 Ca8h arrtl In hd 2.121,046 1x3518 Cr•dltw•: amoml• lalllw dy•vAthln OM y•ar 18 (3571) (465,6W) 1.087.898 1.762,476 TalAI •••l• IM• ¢urrnnt lknblllllr 11.OSO,347 I,,698 CMdltor•: •mount• Iallkng du• ts m•r• th•A on• s 1• (50,000) (2Q) kN)J) 887,808 11.I>JO.347 Pund• 91 lh• ¢h•rfty 11,OWA47 887.898 Tot•1 th•rfty lund• 21 11,(th¥7 8•7.898 %}/.! ol.zs Tr1• flnandal 8laténwao w• •Ax6¥•d ty tho bowd d li1•¥ and aullKirf••J ft>T I•Ju• M .. . b•hilt tho bowd br. arè D W Hwdlng Th• noi•• offt 10 to 16 form part •1 th• Iln•n¢l•l •tstwnml•.
Docusign Envelope10: C45321 BG9&42A0-e472-9F0BEC2o882E Th• Oavld and Claudla Hardln9 Foundallon Sl•t•rn•nt ol Ca•h Aow• YMr ended 310oc•rnbar 2024 2(Q3 C•th 11gw• from •p•rnOng •cUvM•• lncomo1(•xndttur9l 10.112,449 (4C6.809) 08pr8datSon ol iarffjltrAe txod ao801s N•t galrvj on In$ents Other Inlore8t w6celvat40 ond MKn• Acenjèd éxpnsè# Donallons ol )th•r InvMkn8nts 1878.425) 168,439) 4.175 110a15,Wl 146.6891 Chanq•s In.. Trado arKI o*r dgblo Trndè and olheT C151018 10.688 P61,2241 {1,395.6151 (3.619) 172,047 Cash g•n•rat•J Imm ¢)pgrnlloM 1283.780 Int•ml ra¢•lv 46,889 liVI In) op•ralng actl¥ll (1,Yd7,176) (237,071) CA8h flow• from Inv••tln9 I1¥111•# purch ol larywo Proc••ts Irom ul• rf otyw tThiulmord• 12.7S3) 1,908.156 Nol cg•h u8gd In lfivo•llng KtMIIo1 1.WS.302 N•1 Inor•aMI{d•¢r•a••) In fA•h ind •h •qulval•nl• e••h and c••h •qulv•l•nl• •1 b•glnnlng ol y•ar Ca•h and •h •qulv4lmts al md ol y•v 678.216 I,?,?71 (YJ7,071) 1,776,042 2116.187 l.W,971 Th• not•8 on 10 ta 16 forni part of the8• fln•n¢lal •lat•m•nl&
DoGu¥i9n Envelope ID.. C4532185-C69C42AtM472-97D8EC208B2E
Th0 04vld and Clwdl• H•rdlng FndItIon
Nol•8 to tho FIMn¢ial Stal•m•nts
Y•ar •nd•d 31 Doc•mb•r 2024
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C)ocu5ign Emielope ID: C453218&C69C42AD4472-97D8EC20882E Th• Oavid and ClolIa rdIng Found•llon Not•8 to tho Fln•n¢lal Sl4l•m•nt• (Mnllmmd) Y•Br •nd•d 31 D•c•mb•r 2024 A¢¢ounllno pollcl•• (4¥•) Exp•ndltw• Expwdlw• Is on on lJagLg. Incl1¥0 ol VAT. LI41111 arn T•>j9r as M8ourco8 oxpw#ll 88 Aoon al ltrw• IB a Iggol or Camlnth cuMMfflTWJ Iho ehartty to Ihé é¥pondhuro. Charftabl• donallons are pAYMts mwJ• lo thtyd p8rf18s In th• lutheranco (4 th• ¢hartlable objocts ol Iho twrnlatlon. Slnglé ¢)r ml1.Yot arn lor •llhor th• r•clpl•nl hAS a r•asonabl• •xpwI0n th Ih6y WMI I11¥• a thnallon •Thl tho Iwil8eJ have agiofjd lo pay Iho drywllon llh(Krt coThJllknn, thfr wl8n1 hlls a rea8onabl• oxpfjclallon Ihat Ilw rK•ivo a O)natlon and carlI10n alla¢hlry lo Ih thjnatkm 18 tyjtsldè Ihe control of tho lourtdatlon. Where thlong are payoblo ofter mN• than fy)• y•ar and thè éftrtt l# m&lèrtal, a Atè IMt4d on th• pproprtaté UK gov8rnmqnl bNKts opood. Th• unthlndlng ol Ihl8 dl•oounl rnt•18 as a fflna• Casl and Is Included vAthln w•l•. Go¥orn8nc• calts GA)mprf# colts for Ihe Nnnlng ol lh• cfiArfty110olla• an T•nglbl• w••t• Tanglblo au•l6 af• Irthiwly ld•d At co•1, arnl lu•quenty •lal•d at CO Iw any aeeumL4atthl d)110n •1 Imp•Inl Io•M•. D•Pr•cln procE&llon18 cknlalod K a8 lo wrtt• off th• eo•l OT ¥aluallon ol an ••wL Iw• h feknl ov•r Ith• u•01 •¢orKml¢ Ill• ol thal a8861 a• lolLY. C%Jxpukn 4pAnt 25% dlfi9 b•1•• Inv••trn•nt• Ll$t•d In¥8sbnMts am rnèa8uI at llli Yalu• Thllh In l•lr valu• b•lry r•Mgnl•od In profft of lom. Flnaftelal In•trum•Tht• A flnon¥W aomt or a Ihwncw Ihblllty l• rwnlBod lyty lh• wrtlty b•com# a paty to lh• ntractU prv41olon• of Bo•lc I•1 Irwtrumwts w• thillAIIy M¢ognl••d •t th• fecolvo1e or payabl• krf>Jlng •iiy 41# Irangacllon costs, lh• anangemt comllluhs a IlnwKlng iran•ackn. hl)or•11 b• r•g4nlMd at th• pr•Mnt valu• ol lh• lutur• paym•nts (l1nted ai A ftwkol rnt• ol Inlqrejt for a Ilwlwmrt. Cuff1 asg•1s ewr•N arn •th•qU1 nwa8w•d al th• cath or othw xmdd•rallon •wl•rl lo b• pld or fÉc8l¥od and nol dlKouNed. D•fin•d ¢pnlfylhn plifi• Contrbthlon8 lo d8llnkxI contrifM¥on pl•n& 4r• rwnlmd a• w oxpth)8• In lh• In thl¢h th• rnlalod l• pro¥ld•d. •pAId o)ntrlbulkxw a8 an aJBo1 lo lh• •xl•nl M piepawnenl TAII lo•J lo a i•ducllon In lutuifr pdyftwth or rofwKI. Whw ¢onlrllMbn• w• rnl •yX•J lo bo ththoHy thlthjn 12 InthI of lh• thg fapoth In enylDyq•S Iho fdat•J 8•Thlc•. Ih IlablNty18 mlwurèd M d d1*eoUnt v•lu& bath. Th• unwlndlng ol lh• acounl b rnwi88d as an e¥gww kn Ihe pethyj h) whkh11 arf8M. (lon•tl¢n• •nd l•qacl UnrwlllOd Total Fund8 2024 Unrestrid#d Ftsnd• Totsl Fw¥J• Ocnalh) lo.31711 IOJ17.811 885.(K(I 885.Oly) 11
Docusign Envelope ID: C45321 B&C69C42AD-8472-97D8EC208B2E Th• Dwld •fid Claudla Haf(kng Foundatlon Nol•8 lo lh• FIMn¢ll Stal•m•nl• (¢onllrn Year •nd•d 31 D•e•mb•r 2024 Inv••thiMI Iarn• uftr4thfc Total Fund8 Lknr••lthl•d Total FwKI• Fw#J• 2024 8ank Intsrojt tIo 46.889 EKp•n&llvr• on ¢h•rfl•bh •¢llvlll•• by typ• UrMlrtcl•d Tothl Fund• Fufftdl Unf•8trklod Total FXI¥ (Jwllth Support .621 213.605 938.621 213.605 1,143,&31 194.167 1,143J31 194.167 1.162,220 1,152.t28 1,837.498 1.3)7.499 Éxp•ndllw• on ¢h•rlt•tsh •Gtlvlll•• by •a114Ity typ• GMt iunthty ac11vltl 8ukwi e48 Totsl luThJ• 2024 Tolal lund %123 838.621 1.587 30.Q18 1.122209 30.018 IA11.900 1&598 938,621 213,005 1.162226 1,337.498 An•ly•l• of IPOrt M• OTr• cc•ts St•ff ¢oBi• Totsl 24 Told 23 G•n•ral offko 179. 183.987 ,018 175,se8 18,598 Total 8upp)rt o)•ty 213,ICfj 191,187 Analy•l• ol y•ni• Th• ¢hathy urKl•rtk•• Its ¢hrftabl• Ilwough maklry domtsoni and wl0•d dcmalkm to th• loMolrrfJ •trtullaM thJrfTrJ lh• P•tr. 8d•re Muaathi CA•on W 8thln Othar lo (uThlo1 £80,OC(11 RoAé P•t•Tw T11 250,(rf10 17S.f 1.821 150.O¢XI 1fKI,iyJ) 60.th)0 so.ty)o 43.331 11X),IXXI CVH Trust Paryljoumo CAmrAlun Pow ExchorvJ• Hor¥ard Cillogo 1,(1 14XI.C*J) 1rA).( Inlountvor DEC Earthquth• Biiti$h R•d Cr 50.rAo 938,621 1.143,S31 Told grant• 938,621 1,143a31 12
t)ocusign Envelope ID.. CA5321 B&C69C4Z4D4472-9708EC208B2E Th• D•vtd and Clwdl• Hardlng Fwnd•tlgn lot•8 to lh• Flrnnelal Slal•m•nt8 {conNn• Y•ar •nd•d 31 D•c•mb•r 2024 An•ly•l• ol qi•nl• (eonthiu•d) Tho fdlowtsw dtywllM8 Irrtl(Klod wom ¢Thrnltt•d to by IM Fwthtron. Ixrt Iwl not bow pth at th• yMr ond a8 Ih•y rekn to p&ymwts cixnrnilted lor POrtrKI6: 2023 Unfvérnlty of Pol8 Pollcy Ex¢lww• Unit•d Sclortt Phlldnthn)prf AINarKo Ros• PatIts Trnst 173.398 59,889 100.(KIO Donatl¢x 359.889 10. N•t qalm •Tr Iiiiwknffil• Tolal Funds untrIld Total Fwxls 2(Q4 Fun 868.010 10.407 868,018 10,407 Réali8wJ on t101 trNwim 878.425 878.25 11. N•1 Incomrf•xp•ndliw•) N•t I<•XpthIr•} [• •latwJ aft•r ch•rgW(credlthy): 2024 Depfeclalon ol Iwvlblo fixwj aM•l• Ftygn oxchorqo dknc48 F••s payobl• for lh• a111 of th• 8lat•m•nts 462 3.171 72rx) (2,726) 4.980 19. Audlt•r f• Fo08 payabva lor the audll 12023 . If7t •xaffllMttonl of lh• fthanclal ilat•m•nh £7,200 and £4,gKI Iwp•eU¥•ty. 13. 81•ff ¢o•t• StAfl tosts diiiiryi Iho y••r cuwrl••• 9•• and Mlartts 01 £151,313 r2023 £148.921). •mplry•rn Nl 01 £19.61712023: £18,82n corrtfitxth(m al £3.532120fd" £3,513) arnl appr•nll¢• Iv•y of £756120za: £728> •nd olhef •nWoy•• b•llls 01 £4.590. Th• av•rag• h• eount al 4mth••s durfng lh• 1 (20YJ'. 1). Thg of wn*yo9• rnmun•rnOM lor lh• yw lex Wlllm lh• foll¢yMIMI bfjnd$, w•r•: 2024 2023 £140.(MX)10 £149.999 ij
DoGusign Envelcpe It)., C45321B5-C69C42ADW72-97D8EC208B2E Th• Oavld and Claudla Harding FoundAllon Nol•• to th• Flmnclal Stat•rn•rt• (RU•d) Y•ar 8nd8d 31 D•c•mb•r 2024 K•y MM•0•Mt P•r•onft•l Th• kty IlWrnVllVrt ol tho charfty th• Sthoi Reloarthr. Tho tolal lrnount of •mpknfft bw) {IfKludtrvJ plOYer p•1¢ comrfbullons) kgy m4w•n8nt lor tt1r 8W¥¢88 b) Ilw clwrfty wa8 £179,808 (21Yd.' E171,9&V, 14. Tru•• r•mun•rallon and •xpM••• No r•rNJrratlon ¢x oth•r In r••px ol 4•rt01 prV41d to lh• tNw• tho Tru•téè• fvam lh• Foundakn or • r•lat•d . Erl). Tftxl888 oxp•ns•s ol Enll w•rn by aTrJ to triom In p¢ ol arnl Coal•. duthYJ th• y•ar (21Y23. £nll). 16. T•nglbl• flx•d •M•ts •wlpmwl Tolal Co•¢ AI 1 jUmY 2024 Addikn• 2,7&3 Al 81 D•¢wnb•r 2024 D•yrflallon At 1 J•nuw 2024 Cth•fg• lor tho At 31 D•wnb•r 2024 462 eArylng 0fit At 31 D•¢•mb•r 2024 2M01 2,a01 AI 31 2023 1•. Inv••tm•nl• ¢••1 or valu•lkin Al 1 January 2Q24 lo15.>)1 F1 ¥alu• fflmn 878,425 At 81 D•thnlxf 2a24 9.286,S71 Impalmi•nt Al 1 J•nu•ry %124 afvd 21 O•¢•mtMr 2094 CrrylAg amounl At $1 O•e•mb•r 2024 9,285.571 At 31 D•c•nb•r2023 All Inve8kn8nts abov• ar• hdd al val. Th• htytlxk c1 at th• swr•Thl waB £8,417552. 14
Docusign Envelope ID.. C4532185-G69G42AD-8472-97D8EC20882E 7h• Dwid and Claudla Harthng Fourxl•lion Not•• lo lh• Fin•ncl•l Stal•m•nt• (¢onthu•dJ Y•ar •ndod 31 (J•c•mb•r 2024 17. D•btr•rA Pv•paym•nts arKI ac¢nAd trtom Olhèi dablors 29 210 14.32S 1.222 4.8S9 15.547 18. Cr•dltor•: •nouTrl• tslllng wltNn on• y• 2023 Trad• ¢voditorn 5.IP3J 12.095 18.086 a09,889 13,361 Sla1 Ity aThJ la DMollonJ PAy•bl• 18.184 7,213 358.S71 485,620 1•. Cr•dHoM: Miount• f•lllng du• aft•r thin on• y••r 2023 Don pwat48 S0,CQO 2IYJ.Q(Xi lovurthilj In orMI e4mmilmts durfre Itt• yw. Gfanl comrnllmonli 1•w$•d •11 J•nu•ry 2024 Now grant Qrantl a1 dM•lloM pald durry th• y•ar Grnnl coThm:lrnfflt• •131 D•c•rnb•r 2024 150.wo (422,4341 859,860 P•n•lon• olh•r pa•t r•dr•mMt b•n•N O•lln•d ¢onlflbullon pl•n• Th• •nouN fwina•d ffj Incom• Of p*1Ul0 a8 an ty1grn• In Id•kn lo d•lln•J ¢onIrt) wa• £3,532 12WJ'. £3,513) 21, An•ly•li ol ¢h•rlt•bl•fun lthr••lrf¢t•d lufid• Goln• and At31 los Dff•rnhr 2024 1 24 IrKo Exp•n(Ilw• G•narnl fur 887.89e 10,386,250 (1,152.226) 87&425 11.IXK),347 Ai 1 Janiw 2023 At31 1088•$ 1)xenknr 20¥J Incr G8Mral fwdl 1,293.707 931,689 {1.337,4981 887.898 15
Docusign Envelope ID.. C45321B5-C69C42AD4172.97D8EC208B2E Th• Davld and Cl•udla Hftrdlng FoUndan Not•• ¢0 th• Flnan¢l•l St•t•m•nt• I11 Y•ar •nd•d 31 D•e•mbw 2ty24 Analy d ¢h•rllabl• fvnd• (¢ndI lh881 g•n•r•l fund• avallabl• lor at tho d1•1 Irwte88 In tr furth•ran Iha gén•rnl An•ty•h ot n•1 a•••l• I1• lund• Llnrastrldad FWKII Tol•J FwKI8 Flx•l ass•l8 InlMOnts Curmni as8al• Cradllors 1•88 l yaaf Cr•dllor8 Ihkn 1 21 9.285.571 2.121.046 1358.571) (50,Q)O> 11,cw.a47 2W1 9,26571 2,121,046 1368,671) (SO.() 11,(wJ>.a47 Uni•alrtct•d Fund• Tolal Funds 2023 InvMtffj•nts Cuvrenl a8seil Cr•dltorn I Ihan 1 y• CMthtU8 groatorlkn 1 y• 1,516 146S,82 12CQ.Cth) 887.898 1A53.518 (465.6201 (200.Cml 887,898 2J. Analy ¢h•noM In n•t d•bt At l Jin 2024 Cath kn¥8 At 31 IY•e IQ24 at bMk WKI In 1.537.971 578216 2.116.187 24. A•l*l•d party Iran•Athl•n• DurfrwJ th• yev, p•1(1 f••• 01 £697012023 . £5,118) w•rn ¢hAry•d ty Gllxm eLM)Ih Qwrt•r•J Accou, • Ilrm In ththleh S Llndl8y 18 • partmr, A ts1•n of £11.847 w•8 a169 C•tAi•l M•iwgwnonl lid (21JrJ . £4,494). rohlng to lxpw# I•d on b8h•ll al Dawd WKI cl111 Horflng F¢Axthkn. D W H•wdn9 h Mu••x• over Ihb e4mpany Th•r• w• al•0 l¥•d ol £IOJ15.30112(¢J . £885,OCQ) fffjm D W H&Ing Iho yom. At Iho WKI tho thfjrfty hdd •lww v•luthl al £9,285&71 In • lund mrnwl wtnlm cw. O W Ha1n9 has $4nSllcart 1rnluofr ovw fimi 16