THE GAUDIO FAMILY FOUNDATION (UK) LIMtTED
ANNUAL REPORT AND FINANCIAL STATEAIENTS
FOR THE YEAR ENDED
31 DECEMBER 2023
Company Numbgr 08966741
Gharity Number
1157301

THE GAUDIO FAMILY FOUNDATION {UK) LIMITED
CONTENTS
Pagg
Company Informatlon
TN8tee$' Report
Statement of DifeGtors' Re8pon5ibilitles
Independent AudÉto¢s Report
statement of Financlal ActlvltTes
Balanc• Shegt
10
Statement of Cash Flows
Accountlw Pollcies
12&13
Notes to the Flnancial Statements
14-16

THE GAUDIO FAMILY FOUNDATION IUKI LIMITED
COMPANY INFORMATION
Trustees
Alfred Cavallaro
Belma Gaudio
Julius Gaudlo
Company Number
08966741
Charlty Number
1157301
Roglstsred Office
wr(hers LLP
Third Floor
20 Old Bailey
London
EC4M 7AN
Audltors
PKF Littw'ohn LLP
Stalulory Auditor8
15 Westferry Circu5
Canary Wharf
London E14 4HD

THE GAUDIO FAMILY FOUNDATION IUK) LIMITED
TRUSTEES, REPORT
The Directors, being the Trustee8 under eharity law, present their report and audited financial
8lalemenl$ for tha year lo 31 December 2023. The Trustees have ailopted the provisions of the
statement of Recommended Practice 'Accounting and Reporting by Charities" in PTeparing th6
8nnual report and financial slalemenls of the Charity.
Reforonc• and Administrative Intom)atlon
The Gaudlo Family Foundation IUKI Limited (the 'Foundation,° 'Charity,' or'charitsble Companfl
is a company limited by share capital ieglslered as c(mpany number 08966741. The Charity IS 8180
registered with thè Charity Commission under charity number 1157301. The Truslegs ond principal
address of the Charity are listed. along with p8rticul8rs of its professK)nal a￿LSorS, on page 2.
structure. Govèrn#n¢$ and Manag•m•nt
The Charity does not.employ any staff, all decision5-being-m8de by"Ihe.Trustees.-.A-comprehensfve'
briefing pack including 811 relevarnl wrporate docktments (related lo formation and Compliance} and
financial stsloments is provKleA to all newly appointed Trustee5.
Govemlng Instruments
The Charity is governed by its M8moTandum and ArtK195 of Assoaalion, dal$d 28 MarGh 2014. filèd
under the name of'The Buttérs Foundab'on IUKI Limited. prior to the Charity'3 name change to'Tha
Gaudio Famrfy Foundation (UK) Limilwj" circa January 2018.
Objgcls, Alm$, Oblectlvfj$ and Actlvltlos
Charitable Objects
The Charity operate$ as a grant making foundation. The ¢haril8ble objècis of the ChBrity are
exclusively charitable purposes for the public benefit. In the furtherance of 115 gerberal charitable
purposes, the Directors, as Trustees of the Charty, hav& compljed with the duly in s.17151 of the
Ch3ri118s Aci 2011 and have due regard lo the Charity Commission's publlsh$d general guidance
corbceming the interpretation cl the Publ￿ Bgnefft requirement under that Act.
Alms and Int8nded Impact
Within Ihese objects. the Foundation aims lo provide grants aimed 81..
Relieving povety, especially in urban areas.,
Advancing and improving education, p8rt1cularty for disadvantaged children in
impoverished areas.. and
Various other charilabla endeavours at thg di8cration ofth& Trustees.
Flnanclal revlaw
During the year, th8 Charity made a surplus of income over expenditure, before forelgn exchange
gains and1055es and inwslment gains and losses, of £7,664,798 {2022 - £8,870,686) all of whlch is
unrestricted. Grants made in the year, lolalling £4,826,67412022 - £5,984,170), ha￿ been in line
with the established Grant Making Policy and are sel out in note 3 to the financial 5ts1oThenl$ on
page 14. There have been no sigrifficanl issues or problems in the year or after the yeai end.
through th8 date of signing of this reporL
The Trusteès have regard lo the rnain risks lo the Charty, which includa mÈsapplicatlon of grants by
benef￿laTies, grantee insolvency or misrnanagemenl, and failure of 8 funded project to provide
sufficient public benefit. These are addressed through regularly obtaining reports frorn grant
recipients and Èvldence of projects funding bèing implemented SU￿esSfully- appropriate due
diligence is undertaken in respect of proposed grantees to ensure funded projects are exclusiv8ly
Charrtable. Further, mulli-year grant commitments are generally not made. thereby limiting the iisk lo
the Charity.

THE GAUDIO FAMILY FOUNDATION (UK) LIMITED
TRUSTEES. REPORT
Financlal wlgw {contlnuedl
The Charity invests tha funds not immediately requlred for it$ ¢h8rilable granl-making accordance
with ils 8dopled Investment Policy Slalemenl which is re￿eWed regularly by Ihg Trustees. The
Charivs investments are made with the intèntion of providing a reasonably stable, growing. and
pred￿able income stream in Ihg form of dividends. intèrest 8nd Tealised gains sufficient to allow
distribLJlion of grants in furtherance of the Charity's purposes. settle all administrative costs, and to
protect the Charity's inv¢slmenl capital for the K)ng-lern. In the perlod, assets were held in a
diversified portfolio, induding a mixtuie of fixed income equlty invesbnenls, with some assets
managed on the Charity's behalf by Coutts & Co. The performanc& of tha inve31m￿l managèr is
subject lo regular monitoring and review by tho Trusle8S.
The Charity has significant unreslricled funds, mlnimal finan¢ial rFsk, and only rnodest Dverhe8d$.
Because" all" antffClP8ted-costs and expenditu￿$ are ampty provided for. the Trustaas have not
formally 8dopted a prescriptive r￿rVeS policy.
Plans for Future Periods
Having received significant donations of £8.973.41712022- £10.956,5221 from a Trustee in the year,
the Foundatron will consider a range of worthy new projects to fund, consistent with ils mission and
Grant Making Pollcy. including, wilhtsul limi(aliDn. making grants to museums for chaTilable P￿￿ose$
and lo relÈve poverty and increase access lo food and health Setv￿$ for vulnerable women and
childr8n, advan￿ education for womon and children, and protect vulnerable populallons from abuse
and èxploitation. In the coming financial periods, the Trustees intend lo increase the level of grant
making, as well as aiding enlib'es particularly hard hil by Covid-19, which are still experiencing the
èffècts of the global pandemic.
Directoys. Intsr•$ts
No Oirector had any b8neficial interest$ in the shares of tho Charptable Company at 31 December
202312022- nonè).
Provlslon of Infomiation to Audltors
So far a8 each of the Dir¢ctors is aware al the tlme this report is approved:
there is no rel&vant audll infomi8tion of which the Charstable Compaw's audftois are
unawar•', and
the Directors have taken all steps thal they ought to have taken lo make th8mgèlves aware
of any r&l8vant audtt inforrT7ation and lo estsblish that the auditors are aware of th81
Snfomiation.
Audltors
PKF Littlejohn LLP h8s Signified its willingness to continue in offlce as auditors.
Status of thi5 Trustees. Rèport
In preparing this report, th& DSieGlors have laken.advantag8 of the small companies exemption
provided by Section 485 of the Companies Act 20L%.
By Order of t
oard
Truste8
September 2024

THE GAUDIO FAMILY FOUNDATION IUKI LIMITED
STATEMENT OF
TRUSTEES, RESPONSIBILITIES
The Twst9es ara r8sponslblo for preparing the Trustees. rep￿1 and the financial statements in
a¢wrdancÈ with appli¢xbJe law and regulations.
Company and Charity law iequlre5 the Trustees lo prepaie financial statements for each finan¢k41 year.
Under that law the Trustees have elected to Prepa￿ the financial statetllents in accordance with Charilie8'
Statement of Recommended Pr8clice, Accounting and Reporting by Charities (Uniled Kingdom Financial
Rfyporting and A¢¢ounting Standards and applicable lawl. Under Company and Charity law the Trustèeg
must not approve the financial statements unlèss they are satisfied that they give a twe and fair view of
thè slate of affairs ol tho Charitable Company and of the surplus ol tho Chatitablo Company for that
perfod. In preparing these finanrjal statements. the Trustees are required to..
eleGI $uitabl8 accounting polic￿$ and appty them consistently,
obsetvg the methuds and principles of the Charities, SORP,-A-¢coun
Charities.,
ing and-"Kepoiting by
make judgments and estimates that are ieason8ble and prudent,"
slate whether applicable United Kingdom Generally Acceptèd Ac¢oLrnling Practice {United
KSngdom A¢counting Standards and applicable lawl has been fdlowed, 8nd disclose and •xplain
any departures therefrom in the Finandal Slatsmenls,. and
prepare the Financial Slalements on th• going concem basis unless il inappropriate to assum8
that the Charity will be able lo continue in operation.
The Trustees are reskY)nsible for keeping adequate accounting records that are SUffi¢￿nI to $hDW and
explain the Charilablfj Company's transactions and disdose with reasonable accuracy al any lime thè
financial position of the Charitable Company and gnable them to ensure that the financial slalements
o)mply with th8 Compani8s Acl 20L% and Charities Act 2011. They are also responsible for safeguarding
the assets of the Charitable Company and hence for taklng reasonable 51ep5 for the prevention and
detection of fraud and other irregularitiès.

THE GAUDIO FAMILY FOUNDATION IUKI UMITED
INOEPENDENT AUOITOR'S REPORT
Independent Audltor's report to the sharaholdgr of The Gaudlo Family Foundatlon (UK) Llmlt8d
Opinion
We have audited the financial slalements of The Gaudio F8rllily Foundation (UK} Lirniled (the 'Charilable
Company) for the ytrar ended 31 December 2023 which compriso the Stalernenl of Financial Aclwities,
the Balance Sheet, the Stat8m8nl of Cash Flows and notes to the financial 8talemenls. inclLtding a
summary of signifi'cant a¢¢ounting policies. The financlal reporting frafflework that has been applied in
their preparation is applicabl8 law and United Kingdom kcounling Standards, including Financial
Reporti'ng Standard 102 Thé Financial R9POrting Standard sP￿1cable ￿ th8 UK and R8public of Ireland
{Uniled Kingdom Generalty Accepted Accounting Praclicel.
In our opinlon. the finan¢k4151atemenls',
give a tnje and fair vlew of the stal$ of the Charilable Company's afl8irs as al 31 De￿rnber 2023
and of its Incorning ￿$¢UrceS and aFylication of resources. in¢luding Jts incom8 an¢J expenditure,
for the year then ended",
have been properly pr8parèd in accordance with United lfjngdom Genèrally Accepted A¢¢ounling
Practice.. and
have* been prepared in accordance with the requirements of the Companies Act 2006.
Ba$i* for opinion
We conducted our audit in accordan￿ with Inlemab'onal Standards on Auditing IUKI IISA$ {UK)l and
8pplirable law. Our responsibilities under those standards are further described in the Auditorfs
rèsponsibilittes for the audit of the financial slalemenls section of our repo)rt. We are independent of the
Charitable Company In accordance with the ethi¢al requirements that are relevant lo our audit of th*
financ¢al slalemen15 in the UK, including the FRC'S Ethlcal Standard, and w& have fulfilled our other
ethic81 rèspon3ibiliti&s in accordance with these requirements. We believe that thg audit evidonco we have
obtained is suffi¢ionl alld approprlale to prowde a basis for ouropinion.
Conclusions rfrlatlng to going con¢em
In auditing the financial statements, we hav8 concluded that the Trustee5' use of the going concem ba8iS
of accounting in the preparation of the financial statamenls is approprtale.
Based on the work we have perfomed. we hav8 not identified any material uncertainties relating lo events
or conditions that, individually or colle¢tNety. may cast significant doubl ¢M the Charitabl& Company's
ability lo Continue as a going concern for a period of at least ￿e1ve months from when the financial
statements are aulhorised for Issue.
Our responsibilities and the responsibilities of the Trustees with respect lo going concem are descrlbed in
th¢ relevant sections of this 1gPOrt.
Oth8r infomatlon
The other inlom*lon comprises th8 informallon Included In the Truslegs. annual report. other than the
financial ststements and our auditor's report Ihèreon. The Twslee5 are responsible for the other
infomalion contained within the TnJsteeB' annual report. Our opinion on thg financial st8lemenls does not
cover the other information and we do not express any fomi of as$ufance conclusion Ihereon. Our
responsibility is lo read th8 other infomlation and. in dolng so, ￿nSIder whethèr the other information is
maleri8lly inconsislont with the financial stat$rnenls or our knowledge obtained in thg course of the audit.
or oth&￿iSe appears lo be materially misstated. If we identty such material inconsistencies or apparent
material misstslements, we are requirèd lo determine whether thls glves risg to a material misslalement In
the financial statements Ihernselves. If, based on the woth we have perfomied. we concludÉ that therg is a
material misstatement of this other infonnalion, we are rgqulred lo report that fact.
We ha￿ nothing to report In this regard.

THE GAUDIO FAMILY FOUNDATION (UK) LIMITED
INDEPENDENT AUDITOR'S REPORT
Oplnlons other matters prns¢rlbed by the Companles Act 2006
In our opinion, based on the worf( undertaken In Ihe coursè of the aud((.'
the information given in the Trustees. report, which includes the Dlredors. report prepared for the
purposes of company law. lor the financid year for whl¢h the financial statements ars prepared is
consistent with th& financial slatem8nls', and
the Directors, report included within the Truste￿, report has b*n prepared in accordance with
applicable legal requirements.
Matters on whlch we are requirèd to rwort by exceptlon
In the light of the knowledge and understanding of the Charitable Company and ils environment obtained
in the course of the audil,-we have-not"idenlifi￿-maI￿lal-m1sStateM8nts in Ihe-Dir8Ctors'_report included
within th8 Trustees, annual report.
Wg have nothing to r¢port in respect of the following malters in relation to which the Companies Act 2006
and the Charities Act 2011 requires us to report to you rf. in our opinion-
ad8quale and sufficient accounting records have not been kept by the Charitable Company, or
returns adequate for our audit have not been r￿1Ved from branches not visited by us,. or
the Charitable Company's fin8ncial slalements are not in agreement with the accounting records
and rèturns,. or
certain di5dosures of Trustees. rernunerallon specified by law are not made., or
we have not re￿iVed all the infomiation and explanations we require for our audrt.
Responslbilitles of Trustg9S
As explained more fully in the Trustees. Stslgrnènl of Responsibilities. the Trustees (who are also the
Directors (rf the Charitable Company for the purposes of company law) are responsible for the preparation
of the Charitable Company's financial statements and for being satisfied that they give a true and fairview,
and for such internal control as the Trustees del¢m)ine is necessary lo enable the preparation of financlal
stalernanls that are free from material misstatement, whather due to fraud or error.
In preparing the Charitablè Compan￿5 firanc¢al statements, the Trustees are responsible for assessing
the Charitable Company's ability lo continue as a going concern, disclosing, as applicable, matters related
lo going COn￿M and using the going concern basis of accounting unless the TNslees either Intènd lo
liquidate the Charitable Company ot to cease operations, or have no realistic alternative to do so.
Audltov's responsiblliti8s for the audit Of the flnanclal ststemènts
We have been appoirbted auditor under the Companie$ A¢t 20C6 and section 151 ofthe Charities Act 2011
and report in &cordance with those Acts and rolevanl regulatlons made or having effect th$reunder.
Our objeclThies are lo obtain reasonable assurance about whether the fina￿la1 slalemenls as a whole are
free from malorial misstalemenl. whelher due lo fraud or èrror. and to 18gue an auditorfs report that
Includes our opinion. Reasonable assurance is a high level of assurance bul is not 8 gLJaranlee that an
audit conducted in accordan¢e with ISAS IUKI wll aways detect a rnalerial misstatement when it exists.
Misstalernenls (*n arise from fraud or error and are consldered material if. individually or in the aggreg81e.
could reasonably be axpecled to influ•nce the economlG declsions of user5 taken on the basis of
these financial slalemenls.
Irregularflies, Including fraud. are instan￿$ of non4M)plian¢e wilh laws and règulations. We design
procedures in line with our responsibilitie8, oulllned above, lo detect material misstatements In respect of
Irregularities. including fraud. The extent lo which our procedures ala capable of delecling irregularities.
including fraLJd is detailed below..

THE GAUDIO FAMILY FOUNDATION IUKI LIMITED
INDEPENDE￿r AUDITOR'S REPORT
We obtained an understandlng of the Charrtable Company and th8 38Ctor in which they operate lo
identify laws and regulations that could reasonably be expected lo hava a direct effect on the
financial statements. We obtsined our undèrstanding in IhE8 regard through discussion5 With
managwnent, industry research. appllcatlon of cumulative audit knowledge and experiencA of the
sector.
We deleminèd the prlncipal laws and regulations relevant lo Iha Charitable Company in IhSs
regard to be those arising from Cornpanies Act 2006. CharitY&s Act 2011, Charlties IA¢counls and
Reports) Regulations 2008 and lax leglslalion.
Wa designed our audit procedures lo ensure that the audit team considered whether there were
any indications of non-complianTr by the Ch8rit8ble Company with those laws and regulations.
These procedur8s Included, but were not limited to, enquiries o>f Trustees and review of governing
docurnentatiorn.
Wg also identified the risk8 of material misstatement of the financial statements duo lo fraud. We
nsidered. in addition lo the non-rabuttable presumption of a risk of fraud arising from
rnanag8menl override of controls, that the ¢omplelengss of liabilities was also an area of risk.
As in all of our audits, wa addressed the risk of fraud 8ri5ing from management override of eonlrols
by perfomiing audlt procedures which Ir￿lUded, bul were not limited to.. reviewing actounling
estimat￿ lor e￿den￿ of bias,, and evaluating the business rationale of any significant
transactions that are unusual or outsid& the nom81 course of business.
Because of the inherent limitalions of an audit, there is a risk that we will not detect all irregularitres,
In¢luding those leading to a m8leri81 misstatement in the financial statements or non-compliance with
¥egulalion. Thi5 risk increases the more that complian¢8 with a law or regulation is removed from tha
events and Iransacticin8 reflect8d in the financial statements. as we will be less likdy lo become aware of
instances of non-compliance. The risk is also greater rogarding irregularities occurring due lo fraud rather
Ihall error. as fraud involves intentional concealment. forgery, eollusion, omission or misrepresentslion.
A furthèr description of oui responsibilitie5 foi thè audit of the financial statements Is located on the
Financial Reporting Ctsun¢li'$ w&bsile at,. www.frc.or
.uklauditorsrés
onsibil'tie
This description foms
part ofour aud(iorfs report.
Use of our report
Thss report is made solely to the Charitable Company's members. as a body, in accordance with Chapter
3 of Part 16 of thè Compani8s Act 2006 and to the Ch8rS18ble Company's Trustees. as a body, in
accordance with Part 4 of the Charilles (Accounts and Reports) Regulations 2008. Our audit work has
been undertak8ri so that we might slate lo the Charitable Company'$ members and Trustees those
matters we are required to yt8t8 lo them in an audrtorfs report and for no other purposg. To the fullest
extent pemiittwj by law, we do not accept or assume ￿SPOnSIbl11ty lo anyone, other than the Charitable
Company and the Charitable Company's mernbers as a body and the Charitable Company's Trustees as
a body, for our audit Work. lorthis rgport, or for the opinions we have formed.
Alastair Duke {Senior Statutory Auditor)
For and on behalf of
PKF Llttl•lohn LLP
Statutory ALKlilor
15 Westforry Circus
Canary Wharf
London E14 4HD

THE GAUDIO FAMILY FOUNDATION IUKI LIMITED
STATEMENT OF FINANCIAL ACTNITIES
Ilncorporating an In¢ome and expenditure account)
Year •ndgd 31 0o¢ember 2023
Note
2023
2022
Incom• and •ndowments from:
Donations
Gift aid
Investment income
8.973,417 10,956,522
2.724,960
3,890,239
1.179,318
421,932
Total Income
12.877,695 15,268,693
Expgndlture on-
Cost of raising funds
Charitable activities
137,277
S,075,620
149.276
6,248.731
Total Expondlture
5.212.897
6,398,007
Ngt Income for the y•ar
7,664,798
8.870,686
Other gain￿11¢$$eSI
Foreign exchange gains
Investments
11.543,5911 2.730,292
2,167,832 12.399,6951
Net movement In funds
8,289.039
9,201,283
8aiance brought fryward al start of year
52,414,396 43.213,113
Balancè carrlèd foTrvard at end of year
£60,703,435 £52.414,396
All irmme a￿1 expendilure is unrestricted and derives from continuing activities.
The statement of fin8n¢HI activities indudes all gains and k)sses recognised during the year.
Thg Acwunting Policie5 and Notes M pages 1210 16 form part of these Financlal Statgmant8.

THE GAUDIO FAMILY FOUNDATION (UK} LIMITED
Company number: 08966741
BALANCE SHEET
As at 31 December 2023
2023
2022
Flxod A￿ets
Investments
26.895.083
24.445,848
Currant Assats
D8btors
Unpaid Sha￿ capital
Interest receivable
Short term deposits
Cash al bank and in Iiand
386.362
14.904,299
18,526,391
27,984,288
33.817.053
27,984,289
Credltors.. amounts falling duè
within ong year
18.71)0)
115,740)
Net Current Assets
33,808,353
27.968.549
Net A8$•ts
£60,703,436
£52.414.397
Re80rvo8
Called up share capital
General fund
60.703.435
52.414.396
£60.703.436
£52.414.397
These Financial Stat￿]￿nIs were appn)ved by the Board of Trustees Qnlosepten￿er 2024 and signed
On its behalf by.
Mr
Trus
Cav
Ilaro
The Accounting PolirAes and Notes on page$ 12 to 18 forrn part of Ihese Financial Sl8temenls.
10

THE GAUDIO FAMILY FOUNDATION IUKI UMITED
STATEMENT OF CASH FLOWS
Year 8nd•d 310ecomber 2023
2023
2022
Net cash flow from op•ratlng a¢thiltle$ {soè belowl
6.092,078
8.440,621
Cash from investing activities
Payments lo acquire investments
Decreaselllncreasel in ¢ash held al investment manage
Proceeds from sale of investments
Dividends and interest from investments
114,436,739) {10,240,588)
658.194
13.497.142
1297,529)
9,880,397
1,179,318
421,932
Nèt ca$h flow by Inve5tlng actlvltles
897,915
1235.788}
Effect of exchange rale flU￿￿atKjn$ on cash hgld
11.543.591) 2,730,292
Chang• Sn cash and ¢a$h equlvalents in the year
5,446,402 10,935,125
Cash and cash equivalents broughtforward
27,984.288 17.049,163
Cash and cash equlval•nts ¢arrl8d fopNard
£33,430,690 £27,984.288
N•t In¢om* for tho year
Dividends and interest fiom investments
In¢reasellOecreasel in creditors
Ilncr8as8yDè¢reas6 in debtors
7,664,798
8.870.686
11.179,3181 (421.932}
17,0401
{8,133)
I388,3￿2)
Net ¢a$h flow fr¢m operating activities
£6,092,078 £8,440,621
The Accounting Policies and Notes on pagos 12 to 16 fO￿n part of these Fina￿101 Staloments.

THE GAUDIO FAMILY FOUNDATION (UK) UMITED
ACCOUNTING POLICIES
General Infomlatlon and basls af preparatlon
The Gaudio Famlly Foundation IUKI Limited is 8 charitable company limited by shares, incorporated on 31
March 2014 and règisleFed as a charrty on 3 June 2014 in the United Kingdom (incorporated and
registored under the name of °The Butters Foundation IUKI Limitèd. prior to the Charity's name change to
'The Gaudio Famify Foundation IUK} Limited. ciica January 20181. The addr&ss of the registered office is
given in the charty infomialion on page 2 of these financial statements. The naturo of the Charity's
operations and its prill￿par activity Is the making of grants.
The financlal statements havè been pr6p8red in accordan¢e with Accounting and Reporting by Charities..
Stslemenl of Ract>mmended Practice applicab￿ lo charities preparing their accounts in accordancè with
the Finana81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, the Finan¢ial
Reportlng Standard applicable in the United Kingdr)m and Republi¢ of Ireland IFRS 1021, the Charities Acl
2011. Ihfj Companies Act 2006-and-UK Generally Accepled-Accounting' Practice-as il applies from" I
January 2019.
The ffnancial stslements are prepared on a going con¢em basis under the historical c051 convention,
modified lo includè certain items al fair value. The financtal statements are prepared In slerting which is
the functional Cltrrency of the Gharily.
The significant accounting policies applied in the preparation of these financial slalemenls are sel out
beiow. These policies have been consistently applied lo all years presented unless Otherwise slated.
Income recognltton
All Incoming r8sources are included In the Statement of Financial Activities ISoFA} when Ihe Charity 1$
legally entitled lo the income, after any perfomiance ¢olldilions have boen mel, wh&n the amount be
measured reliabty and when il is probable that the income will be re¢elved.
Income from donations is re¢ognised on ￿Ceipt, unless there are conditlons attached lo the donation that
rèqijirè 8 level of porformance bfrforg enlillement can be obtained. In thts case Income is deferred until
those conditions are fully met or the f4Jifitsn8nt of those conditions is within the control of the Charity and11
is probable that they will be fulfilled.
Investment income Is recognised as the Chaiitls rightto recefve payment is established.
Expénditure r8cognition
All expenditure is ac¢ounled for on an accruals basis. Expenditure is recoyni5ed where Ihgre is & legal or
construcltve obligation to make payrnents lo thlrd parties. il is probable that the settlement will be required
and the amount of the obligation can be measured reliably. It is categorised as expenditur¢ on charitable
activ(tie8.
Grant8 payable to third parties are Included in exp8ndilure on Charitable acllvKies. Vthera unconditional
grants are madè, these a￿O￿nts are recognised when a conslruclive obligation is ¢realed. typlcally when
the recipi8nl is notified that a grant will be made to them. Where grants are conditional on performance,
then th8 gtanl is onty recognised once any unfulfilled condition$ are outside of th8 control of the Charity.
Support costs have been irbcluded within charitable actiwti6s and consist of the costs of running the
Charity.
For•lgn ¢urr8ncy
Forei9n currency transactions are inili8lly recognised by applying to the forèign currency amount the spot
ex¢hange rate between the functional currency and the foreign currency al the date of the transaction.
Monetsry assets and llabll1￿eS denominated in a foreign currency 81 the balan¢e sheet date are translated
using the closing rat&.
Gains and losses on forgign exchang8 are shown in the Statement of Financlal Aclimlies.
12

THE GAUDIO FAMILY FOUNDATION IUKI LIMITED
ACCOUNTING POLICIES
InV￿tments
Publicly traded investments, or those where fair value Can olhewise b8 mèasured reliably, are measured
at fair value 818acl balanc& sheBt (iats. with changes in fair valu* rècognised in 'nel gains I Iloss•sl on
inveslmtrnls. in the SOFA.
Tax
As a regsslered ch8rty land havSng been duly recognised as such by HMRC), the Charitable Company is
enlilled lo ￿rtain tax exemptions on income and profits from investments carried on in furtherance of the
Charitable Company's prirnary ofy'e¢lives. if the68 profits are applied solely tor charitable purposes.
13

THE GAUDIO FAMILY FOUNDATION {UK} LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Year endgd 31 December 2023
l. Donatlon8
Income in the yearwas unrestricted and in the foTh of du)ations from a Trustee (see note 101.
2023
2. Costs of ra151ng funds
2022
Invesimont man898rs fees
£137,277 £149,276
3. Expenditure on charftable oetlvtties
2023
2022
Grants mad¢'.
Gaudio Family Foundatson
Wesl London Zone
Sl Giles Trust
Refugoe Adion
CAMFED USA Foundallon
City Harvest Limited
Smart Works charity
Resurgo Trust
New Horizon Youth Centre
Root Capital In¢
Namali Inc
Little Vi118ge
GFF UK Trust
Room lo Read
Onside Youth Zon8
Diiva Forward Foundafjon
Siobhan's Trust
So¢ Des Amis National
Safè Lives Limited
The Anna Freud c￿tre
Girls not Brides
Mental Health Innovations
Football Beyond Borders
Pla¢e2Ba
2,197,571 3.983.377
250,000
175,000
250,000
175.000
225,￿]0
125,000
207,928
200.000
200.000
175,OlX)
175.000
166,352
137,537
125,000
120,905
119,386
100,000
100,000
50,000
26.995
150.000
125,000
150,000
100,000
100.000
100,000
25,793
150,000
150,000
150,000
150,000
100,000
75,000
4.826,674 5,984,170
Support ￿$1$".
Professlonal fees
248,948
264.561
£5,075.620 £6,248,731
4. Net movemont In funds
2023
2022
Net income is stsled after chaTging'.
Auditors. remunèration (nat ofVAT)
statutory 3udil
tax services
£7,300
£1,300
£7,165
£1.050
14

THE GAUDIO FAMILY FOUNDATION IUKI LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Year èndad 31 December 2023
5. Invostmonts
2023
2022
Balan¢¢ brought fotwatd
Additions
Sale proceeds
Net gainsllkjsses)
23,384,346 25,423,850
14,436,739 10,240.588
{13.497.1421 {9.880,3971
2.167,832 (2,399,695}
26,491,T15 23,384.346
Cash held at investment managers
403,308
1,061,502
£26.895.083 £24.445,848
Itweslments at fairvalue include
Equltle8
Bonds
Cash wlhin investment porltolio
18,213.326 15,346,139
8,278.449
8.038.207
403,308
1,C61,502
£26,895.083 £24.445.848
6. Credltors: amounts falllng due wlthln one year
2023
2022
A¢¢rual8
£8,700
£15,740
7. Share Capltal
Author150d
l Ordinary share of £1 oach
£1
£1
Allottod, called up and fully paid
1 Ordinary shares of £1 each
£1
£1
8. R•¢oncMlatlon of Mov8m•nts In Reserves
2023
2022
Result for the year
Opening shareholderfs furKI8
8,289.039
9.201,283
52.414.396 43,213,113
Closing shareholdels lund8
£60.703,435 £52,414,396
9. Ultlmats Paront Undertaklng
The parent undgrt8king at the yearond is The Gaudio Family Foundation, a US based charitable
Foundation.
15

THE GAUDIO FAMILY FOUNDATION (UK) UMITED
NOTES TO THE FINANCIAL STA TEMENTS
Year ended 31 Decgmber 2023
10. Relatod party transactions
During the year a Trustee donated £8,973.4f7 {2022 £10.956,5221. No condillons were attached lo the
donation.
Two grants tolalllng £2,197,571 lindivldual grants of $1,700.0008nd $1,101.350 wwe mad& during th8
year to the parent undartaking, The Gaudio Family Foundation, lo be applied by Tr& Gaudio Family
Foundation In furtheranee of the charity's charitable putposes. In 2022 three gran18 were rnada for
£3,983,377 (individual grants of $857.498, $673,000 and $3,300,000). With respect to all su¢h giants to
The Gaudio F8mily Foundation. The Gaudio Family Foundation has provided written confirmation lo The
G8udio Family Foundation IUKI Llmiled confirmin9 that all such funds have be&n disbursed as of thé dale
of this Report and were proper￿ deployed directly for purpo$os that qualify as charitablg under the law Df
England and Wales.
One grant of £120.905 was made in the year lo The GFF UK Trust. a newly established eharfty in the year
wherg Julius Gaudio is a Iruslee.
16