Charlty Numbar: 1176080
THE DRUE HEINZ CHARITABLE TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD 1•t APRIL 2023 TO 31•t MARCH 2024

THE DRUE HEINZ CHARITABLE TRUST
CONTENTS
Page
Tru8tee8 and Professional Advi80r8
Tru8t888' Report
Independent Audltor'8 Report
statement of financial activitie8
Balance Sheet
10
Statement of cash flow8
Note8 to the financial 8tatements
12-18

THE DRUE HEINZ CHARITABLE TRUST
TRUSTEES AND PROFESSIONAL ADVISORS
Tru•tM8
J V Sh4)a
M Bookman
J L Gibson
Charfty r•glst•r•d numbor
1178080
Prlnclp•l offko
3 Lincoln'8 Inn Fields, London, IhC2A 3AA
Ind•pondont Audltor
Oxley Accountants & Bu8ines8 Advi80r8 Limlled
Sollcltor•
SincLgir Gibson LLP
Inv•8tm•nt Consultant•
Wren Investment Offi'ce Llmlted

THE DRUE HEINZ CHARITABLE TRUST
TRUSTEES, REPORT
FOR THE PERIOD 18t APRIL 2023 TO 31$1 MARCH 2024
The trustees present their annual report together with the financial statements for the perlod ended
3111 March 2024. The trustees confirm that the annual reFort and fi'nancial statements of the charity
comply with the Charities Act 2011. the requirements of Ihe charity's goveming document and the
provisions of the Statement of Recommended Practice ISORPI.. Chanties Statement of Recommended
Practice applicable lo charities prepafing their accounts in accordance with the Financial Reporting
standard 102 IFRS1021
The Charity was regv6tered on 4th December 2017. under wlstration number 1176080.
8tN¢ture, governanc• and managemont
Mothod of •ppolntm•nt or elactlon of truste•8
The charity was established by 8 Trust Deed dated 11th April 2017 a8 amended by a supplemental deed
dated 41h December 2017, by Mrs Julia Shea, Mr Mark Bookman and Miss Janel Lucy Gibson.
The tru$lees who helcl office durin9 the period and up lo the date of the r8FlJrt are as foll¢)ws'.
Julia She8
M8rk Bookman
Janet Lucy Gibson
The m8nagement of the charlty18 the responsibility of the tNst8es vtho are co-opted under the temis
of the trust deed.
Tru81ees are appointsd al the discretion of the exis￿n9 Iruslees. Th8 existing trustees are responsible
for the induction of any new trustee, which would involve awareness of a trustee's responsibilli1￿, the
govemin9 document, administrative procedures and the philosophical approach of the charity,
Organl8atlon•l slrueturn and docl•lon maklng
Trustees moel al least ￿l¢fr per year Iwilh Iruslees constituting a quorum) and major decisions
conceming the charity are made by the trustees at these meetings. The trustees also agree the broad
strategy and areas of activity for the charity, including grant making, Inveslrnent perfomiance, reserves
and risk management policies.
Day lo day admini8lration is delegated to Sinclair Gibson LLP.
ObJectfvo5 and •¢tlvltl
The principal activity of the charity is lo hold the capital and income of the trust upon trust to apply the
Income. and all or such parts of the capital, at such time or limes in such a manner to further such
objects cr purposes which are exclusively charitable according to the Law of England and Wales in any
part of the woild and in such manner as the Iruslees may in th&ir absolute discretion think fit, taking into
consideration those charitable objectives and purposes favoured by or of interest to the selllor,
Drue Heinz. The trustees have had feg8rd to the guidanc8 155u8d by the Charities Commission on
Public Benefit when selling their objects'ves.

THE DRUE HEINZ CHARITA8LE TRUST
TRUSTEES, REPORT (continued)
FOR THE PERIOD 1st APRIL 2023 TO 318t MARCH 2024
Revlew of actlvltle8, achlevements and perfornianc•
The results for the period and financial position at the period end are considered Satisfactory by the
trustees.
During the year under review the trustee8 have worked wllh the charity's appointed Investment
consultants lo develop and implement the strategy for investment of the charity'5 assets in order to
support and sustain future grant making.
In lemis of grants and grant making. the trustees have continued to monitor progress of charitable
projects where existing commitments for grants lo be paid in inslalm8nls have been made and, having
been satisfi'ed with progress, were glad to fulfil those instalmenls. The Iruslees also reviewed and
considered new grant making opportunities and were pleased to pledge funds lor a number of new
projecls, across the health, education and arts sectors.
Golng concom
After making appropriate enquirle8, the trustees have a reasonable expectation that the charity has
adequate resources to continue in operational existence for Ihe foreseeable future, For this reason,
they continue lo adopt the going Con￿rn basis in preparing the financial statements. Further details
regarding the adoption of Ihe going concern basis can be found in the accounting policies notè.
Reserves pollcy
Reserves as at 31•t March 2024 comprise general purpose funds of £144,274,148 12023..
£130,843,31 S}, The Iruslees have taken the view that al this Stage they do not need to have in place
seNes policy. The tru8t Itself will only operate in a grant-making c8P8city', it is not a functional
charity having fixed costs or other ongoing obligations.
Flnanclol revlew
Tctal incoming resources into un￿stn'¢tel funds for the year amounted to £1.796,488 12023..
£1,370,662) and total ￿$OUr¢e$ expended amounted lo £1.282,62012023. £1,462,251). The charily
Incurred £452,62012023.' £362,251) of support costs and govemance costs.
The fi'nancial statements set out on pages 9 10 18 summaries 811 the transactions of the charity for the
period ended 31￿ March 2024.
Rlsk As8e88ment
The trustees have assessed the major risk5 to which the charity is exposed, in particu18r those relating
to the operations and finances of the charity and are satisfied that systems and procedures are in place
to miligale their exposure lo the major risks.

THE DRUE HEINZ CHARITABLE TRUST
TRUSTEES, REPORT (continued)
FOR THE YEAR ENDED 1•t APRIL 2023 TO 3181 MARCH 2024
Plans lor the futurn
Foll¢ylng the end oflhe financial period. the truste8s have Continued lo monitor projects for which grant
fvnding has been pledged and have considered opportunities for (and, where appropriate, have agreed
to make) further grant funding in the coming year5. The trustee6 envisage that the trust will continue lo
operate as a grant fvnding charity for the long term.
Trustses. r•8pon8lbllltlo8 Statement
The trustees are responsible for preparlng the trusleeg, report and the financial stataments in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Praclice).
The law appliGable lo Charities in England & W8le8 requires the trustees to preparè financial ststements
for each flnancial year which give 8 true and fair view of the stale of affairs of the Gharity and of tha
incoming resources and application of resources of the charity for that p8riod. In preparing thes8
financial statements. the trustees are required to..
select suitable accounting pjliues and then apply them ¢onsistenlly,'
make judgements and accounting e8ts'm8188 that are reasonable ond prud8nl,'
stale whether applicable accounting standard8 have been followed, subject lo any matèrial
departures disclosed and ex￿ained in the flnancial statements.,
prepare the financial 8tat&ments on the going concern basis unles6 It is inappropriate lo
presume that the charity will continue in operation..
observe the methods and principles In the Charities SORP.
The tru518es a￿ responsible for keeping proper accounting records that are sufficlent to show and
explain the charity's transactions and disclose with reasonable accuracy at any tlme the financial
position of the charity and enable them to ensu￿ that the financial statements comply wllh th8 Charities
Act 2011. the Charity (Accounts and Report51 Regulations 2008 and the provisions, of the trust deed.
They are also responsible for safeguarding the assets of the charity and hence for taking ￿¥SOnable
step3 for the preventlon and detectK)n of fraud and other Irregularities.
This rep)rt was approved by the Trustees. on 17/I/z> and signed on their behalf by..
J L Glb80n
Trustee

THE DRUE HEINZ CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES
OF THE DRUE HEINZ CHARITABLE TRUST
FOR THE PERIOD 1st APRIL 2023 TO 31¥t MARCH 2024
Oplnion
We have audited the financial 818temen19 of The Drue Heinz Charitable Trust Ilhe 'charity'l for the
period ended 3111 March 2024 set out on pages 9 10 18. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom A¢counling Standards, including
Financial Reporting Stsndard 102 'The Financial Reports'ng Standard applicable in the UK and Republic
of Ireland, Iunited Kingdom Generally Accepted Accounting PractiGel.
In our opinion, the financial statements..
giv8 8 true and fair view ol the stale of the charity's affairs as al 311t March 2024 and of
incoming resources and applic81ion of resources for the period then ended".
have been properly prepared in accordan￿ wilh United Kingdom Generally Accepted
A¢¢ounling Practice., and
hav8 been prepared in accordanc8 Wlth the requiTements of the Ch8rities Act 2011.
8atsl• for oplnlon
We Conducted our audit in accordance with Inlematlonal Stsndards on Audillng {UKI IISAS {UK)l and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements seclion of our report. We are independenl of
the charily in a¢cordance with the ethical requirements that are relevant to our audit of the fi'nanGial
statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and
we have fulfilled our other ethical responsibilities in accordance with these requirements. We believa
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclu8lon• relatlng to golnq concern
In auditsng the financ￿1 statements, we have concluded that the Irustees, use of the going concern basis
of accounting in the preparation of the financlal statements 18 appropriate.
Based on the work we have performed, we have not identified any material uncertaints'es relatin9 to
events or conditions that, individually or collectively, may cast signihcant doubl on the charity's ability
to continue as a going concern for a period of al least twelve months from when the fi'nancial slalemenls
are authorised for issue.
Our responsibilitses and the responsibilllies of the trustees with ffjspect to golng concern are described
in the relevant sections of this report.

THE DRUE HEINZ CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES
OF THE DRUE HEINZ CHARITABLE TRUST (continued)
FOR THE PERIOD 1st APRIL 2023 TO 314t MARCH 2024
Othor Infomiatlon
The trustees are ￿SpOnsible for the other information. The other infomialion comprises the information
included in the Annu81 report, other than the financial statements and our auditof s report thereon. Our
opinion on the financial statements does not cover the other Infomiation and we do not express any
fom of assurance Conclusion thereon.
In connecllon with our audrt of the financial statements, our responslbility is to read the other information
and, In doing so, congider whether the olheT information is materlally inconsislenl with the financial
statements or our knowledge obtsined in the audit or otherwise appears to be malerially mlsslated. If
we identify such material misstalemenl in the financial stalemenls, we a￿ required to delemiin8
whether there Is a materi81 misstatement in the financial statements or a material misstatement of the
other informallon, If, based on the work we have performed. we conclude that there is a rnalerial
mi8Stalement of this other Inft)rmation, we are required to report that facl.
We have nolhlng lo ￿port in thi8 reg8rd.
Matt•r8 on whl¢h wo •rn r•qulred to report by •xc•ptlon
We have nothing to report in respect of the following m8tters where the Charities (Accounts and
Reports) Regulations 2008 requires us to report to you if, in our opinion.,
the infomialion given in the tru8tee5' report 18 inconsi818nl in any materlal respect wth the
fi'nancial statements,. or
suffi'cient accounting records have not been kept". or
the financial statements are not in agreement with the accountsng re¢ord8 and r8tum8', or
w& have not received all the infomiats'on and explanations we require for our audit.
Ro8pon8lbllltlo• ol tru•t•••
As explalned more fully in the trustee5' responsibilities statement, the trustees are responsible for thè
preparation of the flnancial statements which give a true and fair view, and for such internal control as
the trustees determine is necessary lo enable the preparation of financial statements that are free from
material misslalement, whether due lo fraud or error.
In preparing the financial slatements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as 8pplicable. matters related to going concern and using the
going concern basis ol accountsng unless the trustees eilher intend to liquidate the charrty or to cease
operations, or have no realistic allernalive but lo do $0.

THE DRUE HEINZ CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES
OF THE DRUE HEINZ CHARITABLE TRUST Icontinuad)
FOR THE PERIOD 1¥tAPRIL 2023 TO 315t MARCH 2024
AudSlor's r•sponslbilities for the audit of th• flnancial statements
Our objectives are to obtain reasonable assurance about whether the financial slalements as a whole
are free from material mis5talemenl, whether due to fraud or error, and to Issue an auditor's report Ihal
includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee that
an audit condu¢led in accordance with ISAS IUKI will always detect a material misstalemenl when it
exists. Mis$latement5 can arise from fraud or error and are considered material if, individually or in the
aggregale, they could reasonably be expected to influence the economic decisions of users tsken on
the basis ol these financial statements.
A further descriplkjn of our responsibllllies for the audit of the financial ststements Is located on the
Financial Reporting Council'swebsite at www.lrc.or
kla
itorsies
onsibililies This d8scription fofms
part of our auditor's report,
Extent to whlch the audlt was consldernd capable of dotgcllng Irregul•ritio•, Includlng fraud
Irregularities, including fraud, are instances of non-compliance with law8 and regulalron8. We identified
and assessed the risks of material misstatement of the financial statements from irregularities, whether
due lo fraud or error, and discussed these be￿een our audit team memkrs. We then designed and
performed audll procedures responsive to those risks, including obtaining audit evidence sufficient and
appropriate lo provide a basis for our opinion.
We obtained an understanding of the legal and regulatory fr8mework within which the charity operateg,
focusing on those laws 8nd regulations that have a direct effect on the delerminalion of material
amounts and disclosu￿$ in the financial stalemenls. The law and regulations we considered in this
context were the Charities Act 2011 together with the Charities SORP IFRS 1021. We assessed the
required compliance with these law5 and regulallons 85 part of our audit procedures on the related
ffinancial statement item8.
In addllion, we consider provis￿n$ ol other laws and regulations that do not have a direct effect on the
financial slalemenls but compliance with which might be fundamental lo the chaiity's ability lo operate
or to avoid a material penalty. W8 also considered the opportunities and incentives that may existwilhin
the charity for fraud. The laws and ￿gulatIonS we considered In this context for the UK operations were
General Data Prolecllon Regulation {GDPRI.
Auditing standards limit the required audit procedures lo identify nonrycompliance with these laws and
regulations to enquiry of the Trustees and other management and inspection of regulatory and legal
correspondence, if any.
We identth'ed the greatest risk of material impacton the flnancial statements from irregularities, including
fraud, to be within the override of controls by management. Our audit procedu￿8 lo respond lo these
sks, included enquiries of management about their own idenlificalion and assessment of the risks of
irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases,
reviewing regulatory correspondence with the Charity Commission and reading mlnules of meetings of
those charged with governance.

THE DRUE HEINZ CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES
OF THE DRUE HEINZ CHARITABLE TRUST (continued)
FOR THE PERIOD 1•tAPRIL 2023 TO 31$t MARCH 2024
Extent to whlch the •udlt was consldor•d capable of d•t•¢ting Irr¢gularltle8, includlng fraud
Iconllnuad)
c￿Ing to the inherent limitations of an audit, there is an unavoidable d5k that we may not have dete￿ed
some material misstatements in the financial statements, even though we have properly planned and
performed our audit in accordance with audillng stsndards. For example, the further iemved non-
compliance with laws and regulations lirregularits'esl is from the events and transactions ￿flected in the
financial statements, the less likely the inherentty limited procedu￿9 required by auditing stsndards
would identify it. In addibon, as with any audit, there remained 8 higher nsk of non-deteclion of
Ir￿guIanties, as these may involve collusion, forgery, intentional omissions, misrepresentation5, or the
override of internal controls. We are not r8sponsible for preventing non-compliance and Gannot be
expected lo detect non-compliance with all laws and regul8llons.
U•0 ol our report
This report is made solely to the ch8rity'8 trustees, as g body, in accordance with Part 4 of the Ch8rltie8
(Accounts 8nd Reports} Regulations 2008. Our audit work has teen und8rt8ken so that we might stale
lo the charity's trustees those matters we are required lo stat8 to them in an auditor's report and for no
other purpose. To the fullest extent pemiitted by 18w, we do not accept or assum8 responsibility to
anyone other than the charity and its trustees, as 8 body, for our audit work, for thls report, or for the
opinions we have forn￿d.
G W Oxloy
Isenlor Statutory Audltorl
Forand on bohalf of
Oxley Accountant8 & 8uslne
Advl8ors Llmltod
Chartered Accountant• &
8tstutory Audltor
17 Manor Road
Ea¥Jt Molo8ey
SuTrey
KT8 9JU

THE DRUE HEINZ CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD 1st APRIL 2023 TO 31st MARCH 2024
Unro8trlcted
funds
2024
Unre51rlcted
funds
2023
Incom• from:
Investments
1,798,488
1,370,662
1,796,488
1,370,662
Exp•ndliurn on:
Donation8
Other expenditure
830.000
452.620
1,100,000
362,251
Total expenditure
1,282,820
1,462.251
N•t operntlng Incomè
Profit on disposal of investments
Exchange movements
Revaluation of inve8lmenls
513,868
280,727
11.746,563)
14,391,801
191,589)
1302.7161
8,076,050
3,460,215
Net mov•m•nt In fund8
13,439,833
11,141,960
Re¢onclllatlon ol fund•:
Total funds brought forward
130,834,315
119,692,355
Total fund• ¢arrf•d forward
144,274,148
130,834,315
The notes on pages 12 to 18 form part of these financial statements

10
THE DRUE HEINZ CHARITABLE TRUST
BALANCE SHEET
AS AT 31st MARCH 2024
2024
2023
Not•
FIXED ASSET8
Investments
135.881.645 121,747,660
CURRENT ASSETS
Cash al bank and in hand
8,496,813
9,177,820
8.496,813
9,177,820
CREDITORS: amounts f811ing due within one
year
104.310
91,165
NET CURRENT ASSETS
8,392.503
9,086,655
NET ASSETS
144,274,148 130,834,315
CHARITY FUNDS
Unrestricted funds
144,274,148 130,834,315
TOTAL CHARITY FUNDS
144,274,148 130,834,315
22===
The financial statements were approved by the tru¥tees on 1711 /L> . and signed on their behalf
J L Glb8on
The notes on pages 12 to 18 form part of these financial statements

11
THE DRUE HEINZ CHARITABLE TRUST
STATEMENT OF CASH FLOWS
FOR THE PERIOD 1Bt APRIL 2023 TO 31st MARCH 2024
2024
2023
CASH FLOWS FROM OPERATING ACTIVITIES
Nel cash provided by operating actlvities
Investment income
Nel investment aclivlty
11,269,475) 11,408,498)
1,796,488
1,370,662
{1,208,0201 {110.514,111)
CHANGE IN CASH & CASH EQUIVALENT IN THE
YEAR
Cash and cash equivalents brought forward
{681,0071
9,177.820
110,551,945
119.729,765
CASH AND CASH EQUIVALENTS CARRIED
FORWARD
8,496,813
9,177,820
z*EZE
The nol88 on page8 12 to 18 form part of these financial sta18ments

12
THE DRUE HEINZ CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1•t APRIL 2023 TO 31•t MARCH 2024
Accountlng poll¢le•
1.1 8a8h ol proparatlon of flnanclal •tatements
The financial 8talem8nls have been prepared in accordance with the Chari118s SORP
IFRS 1021 applicable to charities preparing their accounts In accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland and the
Charities Act 2011 and UK Generally k¢gpled PractiL* as it appl￿5 from 11t January
2015.
The financial statements have been pTrpared to give a 'lrue and fair view. and have
departed from the Chaiibes (Accounts and Reports) Regulatsons 2008 only lo the extent
quired to provid8 a 'lrue and fair view.. Thi8 d8P8rture has involved followlng
Ac¢ounting and Reporting by Charities preparing their accounts in accordance with the
Flnancial Rewrting Standard applicable in the UK and Republic of Ireland IFRS 1021
rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practs'co effedive from 1* April 2005 which has since been withdrawn.
1.2 Golng concern
After making enquiries. the Iwstees have 8 reasonable expectation that the charlty has
adequate resources to continue in operational existence and meets Ils liabilities as they
fall due lor the foreseeable futu￿, being a peri¢é of at least twelve months from the dale
these linancial statements were approved. Accordingly, they wntinue to adopt the
going concern basis in preparing the financial stalemenls.
1.3 Fund accountlng
General fvnds are unreslrictsd funds whl¢h are available lor use at the dlscrellon of the
Iruslees in furtherance of the general obleotlves of the charity ancj whlch have not been
desi9naled for other purposes.

13
THE DRUE HEINZ CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE PERIOD 1st APRIL 2023 TO 31#t MARCH 2024
Accounllng pollcl08 l¢ontlnu?d)
1.4 Incomlng r8sourc88
All incoming resources are included in the statement of h'nancial activities when th&
charity has entitlement to the funds, certainty of receipt and the amount can be
measured with sufficient reliability.
1.5 Ro•ource• expended
Expenditure Is accounted for on an accruals basis and has b88n included under
expense categories that aggregate all costs for allocation to activities. Where costs
cannot be diwctly attrlbuled lo particular activities they have been allocated on a basis
consistsnl with the use of the resources.
Support costs are those costs incurred directly in support of expenditure on the object8
ofthe charity and include governance costs which are those costs incurred in ¢onne¢tion
with administration of the charity and compliance with conslilultonal and statutory
requirem8nls.
Fundraising ￿$1$ are Ihoge inCUr￿d in seeking voluntary contributions and do not
include the costs of disseminating information in support of th8 charitable activities.
Governance costs are those incurred in Gonnection with administrat￿n of the charity
and compliance with constituth'onal and statutory requirements.
Charilabk activities and Governance costs are costs incurred on the Charity's
operations, including support costs relating lo the governance of th8 ch8rity apportioned
lo the charitable aclivilies.
All expenditure is inclusive of irrecoverabl8 VAT.
1.6 Inve8tmènt•
Net realised and unrealised gains and losses are reflected in the Statement of Financial
Activities. Investments are stated in the Balance Sheet at nel market value.
1.7 Cash at Bank and In hand
Cash at bank and in hand includes cash and short term highly liquid investments with a
Short fflalurity of three rTh)nlhs or less from the dale of acquisilKin or opening of the
d8p051t or similar aGcounl.

14
THE DRUE HEINZ CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE PERIOD 1•t APRIL 2023 TO 3181 MARCH 2024
1.8 Flnancial Instruments
The charity has elected to app￿ Sections 118nd 12 of FRS 102 in respect of financi81
instruments.
Financial assets an¢J financial liabilities are recognised when the charity becomes party
lo the contractual provision8 of the inslrumenl.
Financial liabili118s and equity instruments are classified according to the substance of
the conlraclual arrangement5 entereé into. An equity instrument 15 any contract that
evklenc85 a resldual interest In the assets of the charity after deducting all of its
11gbilities.
Flnanclal a•sot•
Ba$ic financial 38set8. includlng trade and other debtors and cash and bank balances
are initially reeognised at transadion price, unless the arrangement constitutes
financing transaction, where the transaction 18 measured al the present value of the
fvlure receipts discounted al a market rate of interest for a similar debt instrument.
Financing transactions are those in which payment is deferred beyond normal business
terms or is financed at a rale of Inte￿$t that16 not a market rate.
Such a6S81s are subsequently carried al amortised cost Using the effective Interest
method. less any impairment.
Fln•nclal Il•blllti
Basic fi'nancial liabilities. including trade and other ¢￿ditOrs, are initially recognlsed al
transaction price, unless the arrangement consts'lutes a financing transaction. where the
debt instrument is measured al the present value of the fvture payments discounted at
a market rate of interest for a similar debt inslrurnent. Financing transactions are those
in whiGh payment is deferred beyond normal business terms or Is financed 8t a rate of
interest that 1$ not a market r8te.

15
THE DRUE HEINZ CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (continuod)
FOR THE PERIOD 1st APRIL 2023 TO 318t MARCH 2024
Accountlng pollclo8 (contlnuedl
Flnanclal1Sabllltle• (contlnuod)
Debt instruments ar8 subsequently cathed at amortised cost, using the effective interest
m8thod.
Irro¢over•blo VAT
Irrecoverable VAT is charged againsl the expendItU￿ heading for whlch il was Incurred.
1.10 Logacy Ropaymonts
Under the term8 of the legacy left lo the Trust by the Settlor, the Estate of Druè Heinz18 to
be refvnded legacy funds if required lo me81 oulslanding liabilities of the Estate.
Donatlo
Future
2023 Commltmonts
2024
National Portrall Gallery
Great Ormond Slre6t Hospital Children's Charity
English Heritage
G￿at Ormond Street Hospital Children'8 canc8r care
Th8 Professional Teaching Institution
Oxford University Hospitals Foundation Trust
250,000
200,000
150,000
200,000
30,000
200.000
150,000
600,000
300,000
800,000
120,000
750,000
750,000
830,000 1,100,000
2,570,000

16
THE DRUE HEINZ CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE PERIOD 18t APRIL 2023 TO 31•t MARCH 2024
other oxpenditurn
Totftl
2024
Charlty,
•ctlvltles
Ral•lng
fund8
Tol•l
2023
Oth•r
ort co$t$
Auditor's fees
Prof8$8ional
Other
Investment management fees
8,400
103.260
500
328 860
441,020
8,400
103,260
6,000
54,858
742
266 831
328,431
500
328 880
329.360
111,660
her G05ts
Legacy ￿PayM&nI8 {8ee 1.10
page 151
11,600
11,800
33.820
452,620
123,260
329,360
362,251
Nol Income
Thls is stated after charging..
2024
2023
Auditors, remuneration - audrt (includes £1,200
under provision for 20221231
8,400
8,000
During the year, no Iruslees ￿GeNed any remuneration, benefits in kind or ￿1MbUr$ement of
expenses {2023.' £Nill.

17
THE DRUE HEINZ CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE PERIOD 1st APRIL 2023 TO 311¢ MARCH 2024
Flxed Asset Invo8lm•nts
This is stated after charging..
2024
2023
Market Value 1,4.23
Currency movements and revaluations
Net income genefated
Profil on disposal
121,747.660 122,402,104
12,647,123
11,542,839)
1,206.135
1,191,111
280,727
1302,7161
Market Value 31.3.24
135,881,645 121,747,680
Investment breakdown.
Equities
Fixed interest securiti'e8
Allematives
Cash & ￿$h equivalent
103,976,207
24,535,310
3,041.584
4.328,544
73,916.871
33,654,537
1.765,552
12,410,700
135,881,645 121,747,680
Crodftors: Amounts falllng due wllhln on•
year
2024
2023
Professional fees
Investment management fees
35,670
68,640
25,165
66.000
104.310
91,165

THE DRUE HEINZ CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE PERIOD 1st APRIL 2023 TO 31st MARCH 2024
statefflofit of fund
statement of funds
Gglnsl
(L088e8)
Income Expondlturn R•v•lu•tlon
Balanc• It
1.4.13
Balance
•t 31.3.24
General fund8-
all funds
130,834,315
1,796,488 11,282.620)
12,925,965 144.274,148
statement of funds- prior year
G•ln•l
ILo8808)
Incom• Expenqlltur• Rw•luatlon
Balance at
1 A.22
B•l•nc•
•t 31.3.23
General fvnds
all funds
119,982,￿9
1,370,862
11.462,2511 11,233,549 130,834,315
An•ly•l• of n•t a88•ts betw•en fund•
All funds are unrestricted.
Roconclllatlon of not movement In funds to n•t rA•h flow from opor•ting actlvltl
2024
2023
Net movement in funds for the year {as per Statement
of Flnancial Activities)
Decrease in debtors
Increase in creditors
Investment income
Investment gains
13,439,833
11,141,960
13,145
(1,796,488)
{12,925,965}
53,755
11,370,662)
{11,233,5491
{1,269,4751
{1,408,4￿)
10. Related party trdnsactlon8
During the year Sinclair Glbson LLP, of which J L Gibson is a member, charged the
Charitable Trust £86.050 + VAT for legal services.