RF.C.ISTF.RF.D C"II.4RITI' NIINIBER: SC04SJ28 Report i•f tht Trustees for ih¢ l-Lar End¢J.-31 Nlarch 202$ Herila)gt-_I'rvst S(,10 C)'I Idf&4 L'hartL T¢d ALLi¥iinlani KadliiLih HL?IIS I lic)il- Iliid C'liirksliin ( JI&sL?{). (i76 71 ILI
C'ontellt5 of tbe financial Siatem¢_nts for the l'ear fr-nded 31 .Ilarch PHge Report Df the Trustee5 Inclei)eTr(leni F.in7111tr.5 Reporl SrAlement of F-In&ncknl .Ittl%'ltles Balance Sheet otes lo tht Fintsnciiil St¥letnents Dei*ikxl $14temenl (bf Il¢ti% ities
C•owAn Ileril e Trust SC'IO rl of ihe Trusle¢¥ for ¢he l-e#r E_nd¢d_3J.Trlar¢.h 202.5_ Ihc tni%te¢% prt%eni thLir rert ii.'ith ihl lin¢11 slaiem¢n15 01 thL chiWi13 fw ihL l61r L'nd¢d 31 NlarLh ?1125. 1Th¢ truste hai L udilPILxI IhL pri)i isiiins i)I' IlL¥nuniing and RL"FX)rtirko by (..h<Ills.' slmni i)l- RLLI)mmcndLd l)ra4lllC appliLdblL Io cl)irilii% priparinli ihLif :ILLount% in aLi()rdilnLe 14iih LhL F'indniial RLIN)rtiiig 511drd 4ippliLable in IhL Llk and RLpubliL or IrLl4ind I l.'K% 111? I ILI'fLLlii'e l Janui 'IIK' linanLi&11 sialim¥ll15 iL)mpli li lili ihL lh1> % Iru%l dLLd. ¢hL (.-hIllLts and I rLJsleL Ini'estJnenl ISLoilandl Act 2(X)5 and thi L'hariiiis dlLioun¢s1ScL)Ilandi IIL¥u1411ions IIUb la5 iimindiQ). ,Ir.c'TlI'f.s..ITr4D,ICTII'ITIES 01)jecti%es #ibd #ini Ihl pf¥X'n iiliilll, ¥iins¥r¥alii)ii dnd priiniiilj[111 IhL' ii)IJiL¥:Il siiili)ILifL L)I' IIIL (ii}I %t1)l)L and rLiiLniion llnd dki Il(IpmLI)L i)I'(ii)i an Llld L'hurLh dnd 115 LhLiri'h! ¥ird %1 plJ¥c ill. hi%li>riLil 'ii)d Liiltiir.Il %iuJni I Il111l¥ aiid pld¥¥ i)fii'or%hip. Il)L prcii i%ii)n ol- lI1(nl anKI rL'ifLdli<)nal laLiliLiI.s thriiu thL LfLxiiiiill (Ir&rJliLTrn i)r J N i%iliir LLnifL eihibiliiig Il)L SLulpiurL ÉinJ ffiilaLI.4 hLld in (Ji)¥'an ()Id C-l)ur¥h, Ilii pf¥X'Th atiiTrn i)l- huildiiibi% i?r i)hjLLls 1)fiiisli?riLiil, arLhaL0I1)lLa1. h11¥X1Url or ¢x)nsiniLiional iniLrL'st, PJbiL I
i'an Herita
e Trust SC'IO
for ihe
AC'HIEI'ENIEN'f..IND PEKTr'OR.IlilliCE
L'baritnble actii'ities
Lil)%1 LllJ KLdLb%L
()nLc again this )'¢'4W, main Lhru5t <)I' (ii)%an l.ILriMgL' I rus1'5 Ork hiLS iK"Ln at ihe fumier ITLIi'dn ()Id churih. Ihe A-li4lcd
buildiiigj it rL"sLued fr()m ¥10surL' and ai4uifLd tri)m Ihc L'hurch ol. SLI)tland in 21)Ib. Hal'ing 4ULILs%fulli' iesliired
rirurh1.sh¥ nii)m% ()n IhL IIJllLr gTrn)und ?1111 und 211?.3. part i)i- Pha. l iiork's. Ihty Iru51 %iniL IJLLd a
ITI()Lll)lJiii i)I' i)hItlL bl(IbkinL IIIL pri)grL'&S ()I' ils sL¥()nd ph&sL' conswuLiion ol- an i.Il¢nsiun buildin¥ cTrn(u lh¥ A-Ii51L.d
Ii)nnLf Lhiirili,
'IhL LXILn%i{In ]% Liin4idLfL'd a LriiiL-.Il part i)r th¥ husinths pl:In 011 aLLÉiiinl lif Ihc addiii()nJl inLI)me.Larning commL'rcial
8P&lLi li 1% ill LrL'ali' lind, Lxiiialli imrmirl'ini. lh¢ i%LII-.IrL IdLiIiiiL% il ¥1 ill pr()i idi flir IIIL Lntir¥ viiniplLX. <%i prLSLnl. (IL)I. I)Id
IdLkN (hi mosl cil. Iiliililiis. hd¥'inb> nLiiliLr l(iilLls ilor diwl)licl 4l¥L¢%S. '[ n¢¥% LxILll
n Herlt
e Trust SC"IO
ort of the Trustees
for the l ear Ended J I Ilarch 202.4
"I'm Ljlad 1'Lrtd. kleL
ov#n Elerita e Trust SCIO for the I'eAr Ended 31 Illarch 2025 'ork LiJnLinuLQ li)r ani)IhLf )'l4W on pl to install S(iufLe hLal pump to heal (ji)an ()Id. ProgrL'55 blin sl()iied. hoii.'Ll'Lr. bN' o i'ari¥l! ul'tiLhni¢ai (1 IL¥al pri)hlims bl(Kkin¥ illlLnipls tsi build J niii suhstJlion aJj(KCml li? (Fl)Nan ()Id ihai is niL.did bN %III.'N Netiii)rk'g 10 rrt)ii'ir lh¥ pfopoSL'd plani. .1 hL'fL' hai'L IK'Ln mLiliiplL i%%LIL5 1)r land oiiikrthip PrnI111g iiai.1Lal'L' LiinsLni% Ix'ing granlid th¥ pfL)PI)5Ld L-JhlL r()Uli l¢b ihl SItL, Il'iih ni) (Trh%'i(IU% Lmd iii i.i¢ii. SPFNI liiiallK (WtL'd fDr an aliLmaiii'L Sl)luiion i¥hi¥h is Lo ins(all a Loii I'olMg¥ L-JblL' lia a dillirini ri)utL. hel iiill niiL hiiiiLI'Lr. IK. al)li til ¥tinii¥il Ili¢ li¥%¥ %upplI' tii LhL churLh until Lh¥ cxlcn5ion is buili. li hiLh mcuns thL hL'Ji pump i¥ ill hae tii IuiiLlillli ai 61 f¥du¥¢J iJPdLllI. fiTrr IhL lir%( ) Lar. DispilL IhL %L'ilklLk. li i¥ ill niii% b¢ Piixsihle li) L(IITipILEL IIIL R%1 IP prilj¥¢l in thi nLdr lulurL. I)lans ar¥ al dn sia&>¢ for Ihl in%ldllaLiI)n in Ih¥ ril'L'r ill- LhL unLtLrnidlLf LNIIIP1¥1lI ii1iiLI) Viill piinip ii'illuf ii) and Iri)m thL huilding. l(Ir ihl riiiin¥ (Il. th¥. fL'niainin¥? anlillary LxiuipmLlli in ihi pl.kiii riii)ni. I hL IILiil i)uiiiri 1% Ili?M LNP¥¥l¥il til IK, IiPLraiiiinJl h% l Lbm ?{l?th. li i.s Sci l() trroMI thL U5¥ ill- Cii)Iwi C)lJ a ILlldhlL'. iniiimL-¢iirs1in¥ SPdLL. Lndinb ihL LliisurL l)I' the caihcdrnl biiilJin' LaLh ii'inlLr Ir(In) Ni)lem'r li) Il'wih iihin iniLmdl iimpirdiurn's IK'LiiinL LII)L(Jnifi)rt'ibl% Liild. IThL nLII' >'SILm ill niil i)nl! mJki lilli. l )Id Mi). %bIL bul il'ill JL'IiiLr dn imponL ¥ni'iroi)niL'ni%il 'nl.11i. iiiiiii)g ('{ l! Lini,%4ii)iiN friini 189 ti)iinL li) jus1 13. ISL'd io rL'rx)rt ihai li hi15 bL'¥n a hii¥Lli %tlLLL.4slul i'L'iif Lin Ihl I'isili)r Iriinl. In ihL I ? iiii)i)11i4 to I I l.Idrili ?n25 1)Iir nun)bLr% hal'l di>uhl,d (1) 15.861) Iri)m ihi Ir. l-hL fLJS1)n. ill- iilLlThI. ihL I)Pinin? i)I' Ihi nLI% 'L (In 7 %4PILnibir ?11•4. iihc)sk impaci imniidiali. 14k'LI%LLn l April 6 %¥'pliiiiiK'f ii'L Irfini 7 5¥Pl¥M.r li) .1 l ()Ll(IhLr. 9,734 thL a1'¥Y{L daili Ii&Ture inLrL'isink ITom ill li) 177. 1 1hL. li lurthLY 114 vi%ili)rN in Ni)i. &. l)Ll.) i%ili)r niimlK'p• lil (i(ii an l)Id ?11?4 1)n', .4pril 767 liuilJiii¥ ilPLny l ilpril Juni, Jul Augiu%t L'5IILnihL'r (k'iiihL'r ¥)8 ? 111)% nomiallv r&dk mi)nih i)i)niiall% ritak miiiiih 6.gf? l)riLlg?L l)pen% i)n 7 Sipl ?.XX7 liuildiiib illi% .1 l ()ili)IK'r 'i()i..11. 15.1166 -IhcrL 1% ni) doubi ihL ob()i L li¥urn'4 iiill hL ¢Xc¥XILd c)I'Lr IhL ?117S S¢&LMiri. l)ig Il'hLfL Yiiu ?11?5 11} 111?7= An i)PExiniiniii liir mLllltL'T% l)r IhL piiblii Iii nill ihLir sliX'I'L'S. n)uddi th¥ir hix)i.g and dig dLLP kS LiiillL' Iii (riii'4in li a IiLi% arih&lLI)liTrg¥ pri)¥r.IniniL JI thL liili n's aNciii)t ihurLhi'drd. l)ib Il'hifi I'ou %(and is J ?.%'Lar %ifiL'5 111 ¢ni and aLiiiilii% iiIILrinb' pci)plL ll ihanLL tl) Liig*l¥L in SLrii)u.s I¥)Ing? abi?ut thc hibtorn (Il. i)n¢ (lIL?011,5 ]MlflnI hisii)riC Sil¥S throu¥?h P&lrtiLipaliiin in ils arLhaL'LTrli)¥J. I"hL' pri)LrJmme slarted in 4eptLYnhLr ?1175. Thl pl is bLd on lh¥ siIL¢iSS 01. ii'ork UrriLd 4JuI in ?11?4 111?_S iil)L'n hUnd[L.S lil. lIPlE Iwtiiipalcd in ¢x¢ai ations and ILarn¥J atx)ui CNi?i'an and SLI)IlaNd'% hi%ii)rn' through ihL. Oih iLlliur%' graKLI JrJ. 'I.rL" IILfL tTIthI yU¥%tiiins aSKl on IhiiK I)¥(1().5 ahi)ui Vikinb>4 ihai thi ll¥ll pri)grJmmi 1% IL) liaiuri J l.'ikii]i? IhLwnL. %td¥ing col()urful I'iking'..'I&pL rL•Lll&lLliiiil)L% and ILs1iI dl%. (Ind J i%iikin¢J ol. I'ikin¥ (141mi% li) L(Trill¥id¥ li iih nLXI ( i)miiii)Ill%LJlih (iJniLI. pii>neLfLd ilii 111?4 &. ?11?) e¥¢iils diid %¥111TrsL l%l)rk di (ii)i ()Id ¥L?¢s b(i¢k li) IhL 1nid-1g(JUs iihin. in paflllLf5hip ith IhL 1414(. l jiii¢ l L41m. hi% exLJi aliiiii% tr&iiÈJ Il)< Lpf41I ei'wd'% iirig?jll% li) Ji li&s1 $1111 ,11). PJ¥L' 4
rt of ibe I'ru5tees
ffor ihe l.eyr Ended JI lIrch 202.5
IIIiiiPi11¥5 kiln iniLfL%i in th¥ rKu¥rJmniL frt)m mLmkrs 111 thL' puhli¥: 'Il i kni)M fn)m ()ur L'arfiLr iM)mmunii
LIILLIIPL TII.'Ill Iltirk LhiYL % a hu8C QPtKiil¥ l)ui Ihlrn. l()r IiPPiTrnLiniiiL lik¥ Iliii. PLI)pli drL. keL'n iii Lnb&lgL ti) 50 we
pldll (4) Th mani. a.4 14'i Liin IcirK iiiih. (r pmbiramml Ii'ill rKiiK'iJL' the L¥iiiialL'iII lif l?11 liiluniLYring 4kn)'s of
CimimiiniiN LNcai'alinns aTKI Iitl¥r ani)IFk'r l ?11 sli)15 111 Tri)pl¢' ii'hii rni¥hi IK. iniLYL.%(Id in jiiininbj ihe gr411 yi,'fftl qiTr'e!' our
Iiid¥nl% hiliL' Jlrladi %rtLa. PLrt)aps thc loug$1 l&%k wcl¢ K-en is io cngagc ur1)Ll1 I,IMMI l'oung pe(ipl¢ fr()m
Iliirti-six h171 in ihc fiLlJi%iYk.
IhL. ?.)'eir l)i¥ Kl h¢re Yi)u Sidnd ryii¥rdmine "111 hring 11)Ur¢C4 li) .SUPPI)n iiork Iha is alre&l>' luppLning. ljnil.
DriKiill ¥xplJin%'.
h() (h iliri)ugh li M ¢ li ill learn nii>rL' a %lru¥lure iir UIIL'JrthLJ di ihL south5[ Li)rnLY ol.
churchiard. i%hich il'l ix'lj¥li' huili li) IhL (ii)1th1 Sarii>phdgus and 4iliiL l)r Ihe iAhLT %l(InLN ii¥rL'
unidnhL'J in IhL mid. l(hh Linlurl. lrtl¥fL%lingl¥. th i)n lh¢ NiiL l)I" IIiL iTrriuTrjTI:Il n}L1
Herlia e Trus1 SCIO rt of the Trustees ror the l'ear Ended 31 larch 20LS F"in4nci#l position T1)] rL'i'enuL' li)r _ ?1114.:'?5 1¥'as 1316,855, Lompri5in¥ BrJnis Ill. t?hb.5114. th)ndiions of £.1¥.114S. 8uh.rip(iorLS of Efjll rL'ni & sundrn inLI)mL l)I' 11 ? 242. Grants illLlikle5: 12?.IH7 £ 6(i.fyiii) £ 81.77? £?(Ih.£I8 RLUTrL'neralll)n C'dipiidl ( irdnl F'und PI..N NLI /.¥rii I, 111)d Cil6ibgllli C'11 L'i)UllLiI Ixp¢iiditLire im ¢hariiable aLlii'ilies 4OUn ii) £$4.674 in ihL li)Ili)Iling LilLLgoriL'%'. 11.Ci15 114¢Tr Rdtis &" 1i411¢r In511rdnL¢ 3.6117 9.611? .liCtriiii) puhliLil%' 4,276 KiP&iir% &. IiiainiLnunLe LiillLI':II LNPII) l)X9 2,l)11.I Pri)ILK%iI)niil fic Skn)p s1(iik 54,()74 V iih audili)rf% rt'miineraliiin lif £? S(Ml added. lirtal L'XPLndiiufL' amiiunis 11) £57.174, Limm&ir4 InLI)mL &. expLllLliiiirL': Un rL•I'LnuL 01" È316.¥55 dna XnlItIr4 i)f i7.174. Ihere 1% d 4UTplii% ljbr ihL V¢W i)r L?_Sg.(?X l. -1 hi. ai)oi"e figures e¥iludi itipiial meni.s iihich arc nol iKLI)unl¥J Ic)r undLY I&.F. L'%PinJiiurn'. In 14iLt. Ihe ifLi%I'% findnLial aLIiI ill tlurin¥ Il)i !"ii]r liliwd prinLipiillN on Lapitsl ii'ork'k "h1¢h amc)urtEid t() £ *66.1)3 in¢ludLJ', £1 ?7.114X IRr(?uiidii (irk4 C (InifaLI ?? l .liX kl¥dl I'unip £166 ()34 'llJLrL ii&s an a(kliliL)n411 tl.116101 l. ixiurL's & l. illing%. Trnn%lirrL"d iii ihi halankl sh¥il. Ihi alxsI'¥ figurL'S inLrL'&Si l angibl , ,I55¥1s t(1 l? $4)11.81)11. 'I'lTr. i% an ddditliiI I leritagTr¢ T&ikin&? diji)Linl ill- { Iirr¥l)l il5sL'ls lil tl4.?1i(Tr l.idhil illL% l)I- £1611.?7X I hank. Irudl ir¥dil(FTS &- (iih¥r i.IlL}r5). there ts a Nei l'uellI I,iabilili rrtJ%iiiiin lil-£ I.AC).(15? Pagi 6
Cil)van Htrita e Trust .10 rt of the Trustee5 for the l ¢#r Ellded JI NlJ)rth 202 Total Assds againsi Litsbililies £2.4¥4.S(W, an incrc&ie in Asseis ol. £?59.681. Rcscr% e5 polic) I'hi I rIll. arL aiiJfLb L)I' thL Iru%l'% I InrLlriLILd F'unds dLfiLiI 1£4ti 1)41 rclianie i)n nngiiiing support From ihe reliiled IhJrili. (JUN II'L)rL%paLL Lid. LO Liinlinu¢ to ILind 115 nLI i)pLralinLTr LL)%L% uniil ihL fLdLI Lli)pinLllt 14iTrrk% th ( ii)Vdn ()Id are complLlI. I hi Iru51 Il'ill ih¥n bL in u p(1siliiin i() LlJl'L'r ILS i)P-rJiin¥ c(Ist5 uliimalLI) rvpuv its remthninb) dcbi to CioNart "Orksl l.ld Irom ihL' IL'(iings rL'LLiPLS ihai iN'ill bl gin¥ratLd trom ihc n¥ii' urL'4L4 iK'in¥ LTL"Jied. Cjning concer IinTr)rtJiiili'. IIIL I nist ill1(11 % th¢ angTri)iiik %uppi)rt lil. %i%lLf Lharill (ii)i'an 11 iirkNpaLi 11.hiih pw.j¥X'I munogLS dil'LlopmL'ni iirk ditrj i¥liibb¢ bL1'd Iil'Llireili)Th reniJin Ll)ITiinillL'd ill IIK. fLÉLn¥raiii)n 4)fcJi)NJn ()lJ. FII'I'IIRfr'. PL.4NS i iahli luiurk li)r ih¥ <l-lisliJ builJing. I'hL m41ill Priiiril} Lil- IhL ii)ming li1r li Ill li) LiiiiipILIL liindriiiNin& liir PliJs¥ ti).stsrt Ll)JtsLrucii()n kni)rk. IJ STRIICTIIRE. C.O%'ERNI ,INC'F...IN'D 11..IN..IC,EINIEP*T Go% crning ilocunicnt hL (iiii I ILrildeL' I nL%I 14 jl %iiiiii%h ('h%iriidblL Ini()rpLTrrai¥d l )rb?'IniwliiTrn l%C"Il )). li rLgi%ti.d in its LurrL'nl Iig(I1 li)mi bi l)SC'R <)n 7 JunuJr¥ ?U l S Reernitment and appointment of new Iru$ites In 4l¥LM)r(lJn¥L i%'iih th¥ Lh:irit% .5 Ll)n%liluli()n, tru%iLL% dfL fLLruiliJ Iriini Ihl mimhiT%hip ill, IhL Lliarii%, I ILiiihifs1iii) is iitKIi C'lauSL 711 ill- Ihl Cil I'l. %(-[() Liinsiiliiiiiin %l'ilLS IhJl JI LdLlI ,,11 ill i>llL iiiiJrlLr Iri)uiidthl dillll)i%Jr&4 if IiiLL%%Jri'l i)I' IhL' iK'¥n ni)minaiid IL)r r¥'"¥lLili()n. Related pirties I IIL l iiii dii I Ild pri)jeil ¥iinlinuL'S 11) Ix. IL'd nianagl si4l¥f Lli(wiTh' 11-vrkSLL l.ld thn)ukh it5 5LniDr stull- %¥h() ILII L Ii¥L'rnLI'n L-dLh s(d&'L' l)l- IIIL dii Lliipni¢iil priKLSS fnTriii lh¢ ¢iwlii%l iiinLLpI pl11117. Iliriiugli Iii lui)drJi%ing. d¢sign 1141111 pr(li'iJfLII)I111. priijix I Iii'UlJ&lLlllkni 4tnil .iJniiiiislr:Iliiiii i)l- ¥raiils &. linaiiiL.8. ITI)wJn IN'i)rk'%pdLt li) Lonlinul lil Liimmil rLsibiir¢LS Iii LnsLifL dLIiKLr% (Il'&l %LIILL%%ful %LliimL. R Tr- F-ERENC.'E .4IID ..IDl¥lI f+4151-tu'rii'E DL'I'.41I.S Re2i.Stered C'haril! nuillber PTincip:Il lldilre55 LJi)K.'Iii 11 iii-k5P4LLe l.iniilL4d 11111 l.'IdLrpJrk SiriLI
Goi.'aD H¢riti&¢ Trys.i_S('AV. rt ocihe TrstrtS fur ihe l ear Ended J I illarch 2025 Independent Exgmlner ()'1 I.1% L'IMrtLr¢NI K.knllLibh I l(?LLSL' l ( riiifRIK ('lar&'%li¥i (176 71111 S¢)Ilcitors C'&WX-Ila IILiilding I'lirk Slr¢et Ilank¢ra I iiiii I ru%l IlJnk plL 9 IITiiiJIL% plaLL AppA)I'id b! (wdLr i)i-Ihi. k1rd lil. Iruslee% (In . t........ ill %i&inLuJ ijn ItN thall"bY., PagL 8
Ind¢p¢n41tn¢ F_x#min¢r's ib¢ T_ry5JLe& o oi In V¢ri¢ig¢.Trw5t S('lQ I report iTrn the aciounis for the endl 31 Nldrih ?0?5 .4L'I i)ui (Fn pag¥ tLn to ninLILen. Re41)ecil%t rt%pon411)Ilitles ofirustee4 •nd eiAminer I Iii L IiJrii% s iru%lL'¥% ¥if¥ TL'SPi?Ii%ihlL liir Pl'LPUI-Jiion of Ihe &LIMinis" in lianl5 i%iili IhL iemis lif thL Chariiic4 and '1 ni%l¥%' Ini LSlmLnl 1Siiitliind I rlil ?IMIS IhL' L'hdriiiL'S AIL4111nis I%L(JilaiKI i Ki¥iilaliiiii% ?IMKI '[1 ihariti. tru%li'S cim%iJLr ihJi IhL ll11 fLquifLYllinl DI- RLgulaiion I IN l Mill lii IL l (Il- IhL ALii)Iinl% R¢gpiilaiiiin% Th)t dppIN. li 1% mv rL%PIMsibiljl% ts) I¥11. Ihe aLcounis as 'qUIra undiT S¥Llj(In 441 I l ill. thi ..lil 41nJ Iii sial¥ i¥hL%hif PilrtiiiilJr maiiirs ii'L come io m). atteniion. Ila%1% IbC¢he indepenllent eAMminer's rep(1 NI¥ LN.111)iii,Ilii)11 ii:i% LarriLd iHIl iii iiiLiifLldiiie li lili RLgulthii)ii I l i)r thL c.h&111L4 ALi(ILUll$ IsLI)IldJ> Regulatio8 ?IMK). Iln ixiimindlli)n iniluJLs J r¥"¥ie¥¥ lif lh¢ L{lni1n¥ reLI)rds kLTI h) IIIL LliJril! dnJ a ii)mp41ri4)n lil. thL L{jnIS prklld iiith Ihi)K' ri'LrdS,. li dls11 inilu(ks 11)nsidLrali()n i>l- wiusuul ilLII)5 JiKlii%ur¢% in IhL aLLI)uni%. (Ind ¥kinb pl,.mali()fLS In)m al IllL%tLX"5 LiinLLYningT ani Suih m4llIL. lh¢ prixL4lur¢% undLTtdkLn th) ni?1 priTri illl all illi Li i&k.IlL Ihth iiuuld rLYu1rn in wi audit. wid LOtisiNuLmil!' l Ji) nibl Lxpfi%s dudil opiniffl on (hL % iLI%' ¥i¥Ln b%" IhL ULLI?unl Indtptndent eiaminer's %t#temenl Iri iiiriiiuxlliiri i¥ lili iii% LldllllllkLIIIIII. 114) malWY has Lom¢ tLI m). uttenii()n ( l ) which ¥ii mc re&%iale LJiL' lil lleNe thai, in an). mdiLYial resLL tIK' rwuirimcnLs io kLX'P dicounting reLiirds in uccordanLL' Hiih 44( l Md) <Trl' IhLb ?IMIS IILI arKI KLiiuldlii)n 4 151. I. ?IN)(Tr kliLI)uni% Rkgulaii()n% at l() pr¥P ilhiih LI)ra Iliih IhL Ji¢i)uniins rciorJs and its Lompl% li ith KL¥ulJliiin ¥ L?I' IhL 21JJ6 iliLouni 'L' ri(Il b. ML'I.. i)r (21 1() iihiLh. in m) i)piniiiTr. u11L1111n .%h(iuld bl. in idLY ti) eniiblL undir%l.'IiiJiii&) i)l- IIK. aiLI)ullL% li) Ix. 'aLhiJ. -l-hL InslilUIL' Ibl'('hJrtLfLd ,lLLIIUIII1ls 111 Si(Illa (Yl lar&% I'hai1LfLd AL41)ulliJnl l ( till I. R4)th1 C'lJrktstiin (170 7111.1
G_9%n Herli e Trus1 SC'IO Stlltemellt of Financial.4ctii'i for the l.ear E'Trded 31 i¥lar¢h ?OLS 2n?5 20?4 TuiJl funds Llnreqricled rund Re5triLied I"unJ.s funds INI.'OINIE AIYD ENDOII'I%lLN'I'S fr"R01 Di)i)aiii)IiS L l¥gaii¥ 311.U95 31)4.bl. -$16,h30 C'li#rit#ble Mclivities 1 ?.24? Ll..I14 Total 511,.337 ?()().) 111 -1 l (?.H55 j2£.944 EIPENDITI'RE ON C'li:Irit'ible nctii'ities 57,174 03,911 Oihlr 871 Total 57,174 thJ.781 F.I' I N( I)%IEJ(Tr.I PF.NDI'I'I IRE) 16,%371 ?fi6,-$18 251}.6¥1 461.Ih3 REC'ONC"ILIATION OF FIIYDS 1.10,111171 2.?61.IKIj 1 ??4.9114 1.71Jl,75f 'I'() I',11, FI IND¥i C'IlRRIF.D FORII'.IRD 14? C)? J I 2.4?7.5?3 ?.4114.SIN) ? ?24.l) I .1 hL nol¥S lorm pdrt Ill. IhL5i linJnLial %iaiLmLnts )ag¥ 111
Bxl4nce Sheet 31 lTch 202$ 2025 [Inreslriil¢d fund R¢4triLied fund$ Noies FIIF.D .ISSF.TS 3.80.1 2.%86.W7 ?l).7()1 ? fjLAI.Xfrf) 21).791 ? ??11.IK)3 ?41.7111 H¢ritJgpe J,Kth.I ? (?1{1.7XII ? 6?0.651 ? 24l).¥54 C'I'RRF.NT 115SETS IX.hiibr C &sh al bank and in lund 168 5,lUII 11.147 11,-115 7,761 5.?611 18,1)58 C'R Tr. I)1 I ()R. .4mLiuni) lilling Ju¥ lihin (Inl !'L'i)r 10 1 S?.0$5 I Ih(1,?711) 146,?02 1 F.T C-I:RRF.NT .ISSF.TSlIl.l..IBII.ITIF.S) 146.787 1 IX().?651 1116.11$?) 1?4.113171 .1 ()1.41_ .4%5L'I'S C'I:KREY' LIABII.I-I'IES 147 É)74 2.S?7..123 2,4X4.549 2.?24.()1 ¥ ? 2?4()18 12 I InrLS(riLILd lunds RL%iriLILd liinds 136.I)X7 1 ? ?61.1) ? 527.5?3 TOT.11. FIINDS ! 4X4.SW ! ?74.glX I hL. lin]ll1 sialen)LnL% %iLfL uppri)¥'i'd b! thc Ejoard Ol. IN%lL'L% Jnd i1uthi)ri¢L'd lor on und on its ik.huif bs.. rk)IL% Iiirni P41n fin4(11 5tatfflients dgi 11
Goi'an Ilerlta
e Trust SCIO
Notes lo the IL.
for the I'tttr Ended 31 Nlllrch 2025
ACC'OI'I%"I"ING PULIC'ILS
BlS Df preparing tht flnancial stigtements
"lThi lIncid1 %UILmLni% of Ihl (hill.. ii'hiih is a public Ik'nclii LniiTh' undir I,'K% IU) hui'L. iKYn prLI)(IfLd in
aLLI)rdai)i¥ Il'itl) IhL. I'hJriijt Sl)RP IFIIS 111?1 'AiCI)uniing Kiporling L.'hinii¥%: SldlLminl i)r
R¢ii)Iiin)L'nd¢d PrdLIiLL api)liLabl¢ lii ¥hille prLpng ihlir acLI)unis in aLcordan¢L' ii.i(h th. l.inanci(Il IiLpLlrtin¥
SILlI)d.IrLI 'ippliLihlL iii IIIL I IK 'uiJ RLiiuhlii {)( IrLl%ind Il.RS 111?} ieifeLIiiL l ?1111))'. l.in¢]1 RLPL)rting
Si&ll)Lld 111? ' I'lii l- ii)clll¥ial Klkxining Siiiiid4irJ Jpplii
an Herila
e Trust SCIO
Note5 to the Trinllncial Statements- conlinued
for the l'ear Ended J I Ilarch 2025
ACC:OL'NTIliG POLICIES- eonliDued
Tan%ible filed assets
SuLli ds%e15 (ii)van ()Id. iihiLI) i¥&s iransfLrM in thL' irusi ai nil Cilsi in ¢lugu5t 2U16. li has noi b¢Ln
Pl)S5ihlL (i) Iihi£iill &ini. hi%liiriL Lii%l dL141il% rL"Idiing 11) Ili1% &5.5¢1 and ihL' I"rn%lLL arL ()r Ihi I'j¢ii Ihth LhL onerous co5
ol- in%lruiLii)gJ dll IIILl{lilIII iuluaiiiin Ill- Ilie %itL ai)Ll ihLirih hLiIILlingJ %igJiiifi¥anilN' i)ul¥vLigh an8, hL"nclil Ihat iii)uld
bL' obiuin¥d Irom SLKh lin ix¢r¥isL' i%hilL' IhL fLdLI1prtl¥I1l M Lirks 4irL' i)ngi)iiig.
Bulldlngs under dei'elopmenl
Thi% LOmPri5L.S Kill L'%penkliiurL' lil dal¥ at ihk baldncc shcci d(IIL cin IhL L'xlL'n%ii)n lind rL-dL'I L.l(IpmLiiI i¥(Irk% JI Ciibl an
C)Id, ii.hiLh iiLfL ni)1 ii)mplLl¥d i)r briiLlb?hi intll Usi ill IhL bal4illi¥ 5hiLI ddiL. -] r&ui%lirn iiill . M'IJL lftim (l)is
CiilLTh¥IOn. li) the rL.leN anl catLITI)n' ol-"1 angiihlL fill Ilss¥l.S i)r In¥"e.%iminL5 i%hLn Ihi dL'fvLIiiJ JfL. brou¥hi inii)
prLiithiion LulLiilul¥J lo ¥¥ril¥ dL)i¥n Iht Ll)s1 less e%limaiLLI rL'sidii'il 13luL of all t)71b1L liicd asS¢t% {QleP1
land ond buildit7&Tr5 unJ¥'r dLN'LI()pmL'nll iin J %lrdlLhi linL h&4is Ji rJlLs %uniLienl t() li'riiL di?K¥n ihL'ir i05I to IhLir
csiimat¥d rL.4idu411 fvului, Iii'Lr Ihiir ¥51imalLd U5L'lul lii'Lb.
Il¢ri¢ugt assets
LrililbL drL JLIIiiLd l¥lllgTjI)li iILms iiith hi%li)riial. arli4tiL. KliiiiifiL. ILihniil)giLal. b¥()phi sj¥dl iir
Lli% iriiiiniLiilal LiiialiiiLS ili&il arl h¥lJ diid Iiiaintiij)i Iiriniipalli It)r iliLif Luniribulion li) knoii ILd&)L <inJ iuliurL.. I hL'
Ini_st a nLimbLr 1. arll fiiiiS 1th1n ( i(IN lin I IIJ LhiirLh inL IiidinL IhL l iliiiW Si(InLS. ¥ihiLh li u rarL' Ci)Ileilion
ol"larl niidiLi JI sLuIpiuL's Im1ndnI iTriiiK lil ,l)r.IlLJ i)dli(Iiialli kil li)iia, %1 ,,IndrL'¥%% and Nl'liiil)i)m.
riiL I'ru%liiS ill. Ilil npinii)n Ilial Jui l() lh¢ i)Jturi ill. Suih TL'li')hli L11511)r i iillliiiicin inl(Inn
Goon.H&rbw_T.rysJ.SC.IQ. Nl¢t he Financial Siatements- colltinued Cor the l'ear Ended 31 li Inrch 202$ AC'C'OL'N'I'I YG POI.IC'ILS - tontinued Debtors shi)n limi d¥biors ar¢ mL&sufLd ai iransaction pricy, II5S Lini. TmpiiirmL'ni. l.ciJn% l(l'llbIL arc tnr&%ureJ initiall% at 41ir NdluL, nLI l)I' tran%ailii)n ii)51S. I . mLaSUrn'4J 5uIM'4UintlN ul IimibrtlSLJ LOSI usinb ihL' ¢'lliXtil'L Illtercst ni¢ihi)d. 1¢%% inipaimiLni. C'#sh nl blink in h&nd C Lsh ill hJiik .IllLI L'is11 iii li'ii)J iiiLliide% La41i r(Ir Ili¥ ¢¢71)pM¢nL pri)jL'¥L. Crtdliors C'rLdilt7r% pro¥'isiollb . ()1n1.d i1y. Ihe LhJrili' hils J prL'%¢nl (thlibj'iljiii) rLwltin& fr(ilii d r4tNi ifv'Lnl ih ill priihdhlv rL%uli in thi irart%fLf Dl. funds tu th third pth!. LhL' ami)uiii diiL lu %iiil¢ Ihl iTrhlibiar lii)n b¢ mithsufLJ i)r LqiniJlLd ILli¥ibl%.. C'rediiofs (uid proi'isions afi nomall) reLi)b¥nI% ill thiir K'iIILniLni Jni()Lint 4iliLr allii%¥ ing li)r iui). Ili%ii)uiits duL'. DUN..I'I'I<)NS ,INI) I,fr-(:.I('IL 711?5 20?4 l)Iinali()n% ( IrJnl% Silbrip[1l1I 31.IK>Y 48i,571 sn 76(J.-$12¢ ?IH,613 510,6.311 (JrJnts rcLL'ii'kd. inLludL'd in ihL' dh)I'L. iifL us libl1()¥%. ?112.fj ()(hLr g•rdnL ?()h.SlX 4x5 $71 (irani% rL'Leii'L'd during ihi. l¥¥f(' 11)11{i¥%%', I'l.'N N¥i /.Lft) IrLstriLicd I C'l%.dL. Xlissiiin I rL'%triLlIJi ( ila%gi(}i% L'ili C-'iiuniil I r¥slriil¢dl I£¥L¥LllLrJtiiin C'.Ipilal { irilllt l.lind Irc%lriLILdl ('([,Il> IrL%ifiLILd I CJ()i:In Q'rc)s5 11?ii I IL'ril'lLI' 113.77 12•,IH7 394.-5?4 34.bl) I ?11.7119 11).7.18 8.667 C-i(1 l)¥%il i rn'%iriLl¥di 4x5.571 Pa¥¢, 14 ci)nlinuLXL..
Goi"an Heritx eTNs ..JJLEillLneI I Ststtments- eoniinued oles lo t for ibe I'e#r F.nded 31 lr< h 2025 INC'OIIIE bRO%I C'H..IRII'IlBLE AC.. I'li'i'riE5 1D?5 2U24 .4LliI-iI CharitablL aciiiili RLnt and .sundrn" income IIPPOR"I C'Ol•TS Cyo¥'Lrnani¥ Lharilahlc aLIiIiIICS 2,51M TRIISTEES, REIIIINE]LITION kli%D BF.YF.FITS 'I'herL' i%'ere nv IruslLI'S' rL'munerdtion or oiliLr hcnefils li)r ihl >L'ar ¢ndk'J 31 lr(h ?1121 n()r liTrr IhL %¥df ¥nd¢J -1 l Nl&irLh ?1114. ()nL ()I' thc IrusiiLS L ri'munLrdliiJTr In)m Ihi rilJlLd Lharil).. (iLlI'Jn Il'(irk"tsPJLi l.imiicd, Trus¢¢, eip¢Thses I'hLre ¥ierL' n4) Ini%tLX'%' PiiiJ li)r IhL }'¥ar endLd 31 NliirLh 2015 rK)r li)r the %'Lar LndLd 31 I1Lh 11?4. C'ONI PA R.4'1'11'F.% FOR 'I'H F. ST.4'1'Tr.11Tr:N'l Ol F l N,INC'I.,11, IlC'TII-ITIF.S RusirieiLd fuiiLI% fuiid lund II%l'OIIF. .INf) Tr-,NIX)II'NII:NTS FROII 31.115X 4115.572 C'hiirltablt #illtr'ltles 9,.114 Toll 411,372 485 $7? EXPE%DI I LIRE ON C'huriliible Jiilii.Itie¥ 5.3.1)59 63 l)l{) OihLr X71 871 5.1.fi51) h4.7111 fr.'I INC OIITr.IIF.XPTr-NI)I I'IIRF.) Trdn5fer5 betwevn fund¥ 13.?871 474.4iO 1.93.1 4hl.Ih_I et moi'¢ment in funds 47().-IX3 4(i1.163 REC'O%iC'ILI.I'I'ION OF FIIND5 I IiiJl lund5 briiug'hi I11Th44a 1211,8671 1.784,h? 1,7(Fl.75i Psl¥¥' l i LiinlinUL...
lin Herii e l-ru51 SC'IO tes to the Fillanci. I St ¢_¢m¢n¢ for ihe l ear Tr'ndtd 3_1114r_f h 2.0 contlnued C.'ONIP,I1141'1I'L5 FOR I'HE ST,ITE.%IENT OF FINA(LIL ACTII'ITIES-conrfnued I nn'siriLlid nd lunds TOTAL FI.I.YDS C'ARRIED FORII.ARD 13b.11871 7 ??4.918 TAIYI;IBI.F. TrIITr.D ,4%(¥F.TS E4uildin&) undir dthili)PlllLni ' ixturl liiiings COST Al l .,Ipril ?1)?4 -4ddiliiins 2.?2U,1163 .ihh t).14 .1,¥6i 1711.797 ? f116 ()97 2,$1)11.Xhll NET BOOIK 1'.4LiIL Ai 31 NlJr¥h ?11?5 ? s1)0.861) ,411 l !n?4 ? ??11.116.1 2,?ryII.IX).I uilJing-% unJLr l )i'i LltTrpniLnl ddditii)ns dLiring the ¥e4if i()mPrise ()I'thi l¢illnM ing." CifiiunJii()rk. I liai yutnp li)51 !? J.!s¥ -l()().9.3.1 IIF"RI'I',IG E AFiSETS NI.IRKF.T I:.11.I': E Ill l ilpril ?{1?4 and I l larch ?D?5 ?9,791 "I- B()UK I'.41.I'F- 11131 Klarl'h *ii?s ?9.7l) I Ai 31 NlarLh ?1124 ?1).7l) I Pa¥L' I b Loniinuthl...
Gman Herit Trust S NUJI LlothLEiDJnri81 Stsle ents - colltillued fnr the I'tr Ended 31 Illreh 2025 DLB"I URS: A10[ N'I'5 b,ILLIG DLIL IN'II'HIN OYE I'L,%R 2n?5 2U?4 v.o'i' 13.31111 7,7411 15 Pr¢paMent% and aLLfuLd iniiimL 13,315 7.7hl 10. CREDITORS: AlOI.NTS l.4LLIP*'G I)liF. II'ITHIN ONF. I'E.4R 21)75 ?0?4 Ildnk In5 ()i'¥rdralls1sk"¢ ni)w' I I I 'I'rJJi LfLdiliirs I Iilicr LrL"dit()rs .511,.174 .14$ 16,1511 1611.?7ti 46.?11? LO.4NS Ali iindl! %1.% i)fili¢ of l()thns is gIlTI iK'Ivii.' ?095 .4mounl% lullin¥ Ju¥ wiihin unL )'¥dr lyn dl'ni)d. I1 irdrdfts 50,-17 J 12. )IOI'F.%IF.NT INI F(INDS mi)i lminl in ILind Ai 1.4?4 31.3,25 Ilnrestrleie(I funds (jLll¥rdl lund l_Ih.IIX7 6,%.171 141,9?4) Re4tricted fuiids RL%lriilLiI luiid Ik,1 iliipniLiii lund -35.()11? 2.??4,41I3 266.518 2.411 l.V? I ?),518 2.527.5•.1 TOTAL FIINDS ? 7?4.l)l¥ 74LI4.SW Pthg¥17 LL)lltinULd..
Goi D_.H¢rita2LTrus¢.SCIQ tes t the Financial Sialemellts- colltinutd ror the l ear Ended 31 lrth 202$ 12. 101 kl¥lL T AIN Tr ill D.4> - continued Nli moi'LmLni in tiinds. inclu4JLd in thL J&I%'L iifL li)lIo.4: InL()ming rL"SOLbWI% ROUr¢.5 IXPLndL4d l(Trl Lmeni in lunJ5 (Inreslricled funds jll.1.37 157.1741 (6,11371 Restrleied fvnds [)jlLI{Ipniini lund ?hh,S I X ?h(),51 IU'I'.4L &-IIIYD5 316.855 157.174 ?.11),6¥1 Comparnili'es tor moi'ement in fynd5 ransl¥rs moi'LmLnl in funds .41 1.4.).3 31.3.74 Llnrt51rlcieil funds (iinLfiil lund 111,8671 Ill ?X7) l.Ih.Iix71 Re¥li'tCleil funds ?7..1711 1.757.157 6.?(K) 4(Tr8,151 C)33 i.S,(4)2 2.2?$ 411.1 1,784.fJ?? 474.4$11 2.261.IK15 TI)TAL Tr"LINDS 1.763.755 461.16.1 2.?74.l) I L'iimiN?ntii'e nLI miii'emenl in funds. iniludid in LhL alx)i'L Eifc iLS lo1105. Inciyniing rL'si)urLLs Ilesnur¢¢ PLndi NIC)% imlni in lun&s [Inrtsirii'ied fud$ (iillLral lund U.372 153.0$91 {13.?¥71 Rtslricttil funds 7.171) 478.411? IX71) Ik.1 L liipniinl liinJ 4M.1.$72 474.4511 TOT.4L FIINDS l(A.781 461.16) l)Jg¢ 18 ci)nlinud...
Goian Herita
e'frust SCIO
Tr•Otes to the Flnanci41_S_la_tem¢nti- eoDtSnued
for the l'ear F.nJltd 31_IrE.
12.
101.EIEN-r Ir4 Tr-IiNDS - continued
ame of fund
DeA'rlptlon. #nd purpose of fund
IriilL
JLIIL'rdl lund
All oiliLr r¢.sen'¢.% hcld b>. IhL Lhariil.
Fund% flir priijLLI LllStN.
IXbiL IiipniLlll liind5
PLiryJI)SL iTrl"lillillg l(} businesses.
13.
REL.4TED PARTI. DISCLOSiIRES
A diinatii)n i)I-£X.(il 51 ?11?4.. £ I X.1471 i%as rci¢ii'
Cv(Jian Ilerita e Trn41 SC'IO D¢lAiiled Sl#lement of Finiincial Aclivili fvr the l-¢ar Ended 31 Nlarch 2024 2n25 ?U?4 INC'.O.IIF.,IND EPl)OII'IIF.NTS ItIOnS leEAcie5 Lk)nJliiins Ciran(S %ubsLriplion.s -1 I,IM)9 4Xi.-i71 ?6h,51 ¥ 5V 3(14.1)13 516.6311 C'hAritAI)le a¢livilie% R¢iii iinJ siindrk ii)Li)m¢ 9.-314 To¢41 In¢omlng resour¢es .1 I h.X.iS 5S,V44 EXPF-YI)IT LIRb. C'liiirilAble Mcil%.Iile% IldiLS 4ind li JtL'r In%urJnL¥ (jd. '.ILLiriiil)' LILphibiie ¥rti4inb' and PLihliLII 61)6 4.47? 4.IV)6 ).IH7 {),()()? 4,?7() 54$ CiinLral LKnsL. ljank Lhargis I,ilU j.7lPb Shi)p *li)Lk l).431 4.64 54,(77J 511.611J Uther I'r()jLK¢s LxpLndiiurL' X71 S'upport costs CpOI'ern41nre cij.sts .ludili)rs' rLfiiiiiiinlion ,ludili)r%' rLmLinLF.Ilii)ii liTrr niin Jiidil ¥i'iirk EILLciununLi IL¥al lees 1.475 ? fjiii) 5,1?5 l oial rc.v)IiriLS LNPLndLd $7,174 b4.781 Nei incnme 461.163 'lThi% page doLS ni)I lomi part Df IhL sl.IiutoTh" linanLial %taterncnL%