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.i￿n7111tr.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 re￿rt ii.'ith ihl lin￿¢1￿1 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<￿Ill￿s.' s￿l￿m￿ni i)l- RLLI)mmcndLd l)ra4lllC appliLdblL Io
cl)irilii% priparinli ihLif :ILLount% in aLi()rdilnLe 14iih LhL F'indniial RLIN)rtiiig 51￿1d￿rd 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 lh￿1> % Iru%l dLLd. ¢hL (.-h￿IllLts 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>riL*il 'ii)d Liiltiir.Il %iuJni I Il￿111l¥ aiid pld¥¥ i)fii'or%hip.
Il)L prcii i%ii)n ol- ￿￿￿￿lI1(￿n￿l 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¥X1Ur￿l 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)hIt￿lL* 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<lI)11 i% ill pr(IK-id¥ lli¥tl¥. limalL ai)d
liLc%sibli l()il¥ls. babi ¥hank7ing %PJiL afld JiwblLd diLlk%. i¥IIiLh ari Lill L%%Lllli'II lijr ihL K'iLtiiri￿1 huilJing [() IK. able li)
runilil)n ¥L% a publi¥ SPJLW. ii'hLthLr I))u￿.unl, L(Trnin)unil) hub i)r inL()mL-bLnL'raiing iL'I)LIi.
A% rLp(IrlLd in prLi iiiu% RLI. ihL impl4 Ll Lif th¢ p￿d¢mIL luikdiFll ns lin I'ha5L
liTrr mi)fL' Lh￿ J } uar Jnd li)￿lllL> 41 fL'.ILI)dLringi IihiLh LdUSL'd Ihl Ll)nlraili)r'% priLC (o riSL b¥ ?IP, und prkl'¥ni ihL pfiijLIL
Iri)ni ah¥Jd. I IIL £.1 Sm iilrL'iiJi 4111iKii¢i.d fri)ni thb ￿()111517 (i()ILmniLiII'% IILLDcnLrdlil)n ( apitsl (JrJni l und ni)1
cni)ug)h lii ¢LII'Lr ihL i¥iirk. I,'Ili)rt¥ sinLL' IhL'li li) i)1 iriiJniL ilii shi)rtfdll IdilLJ diid, %¥ lili IhL d4lai Lil. Il)i Ll?lliraci n()1
)prLTrdLhing l()ur dnd iniiirrin¥ Lumu1411ii'L inllulivn. thL dLIiLiI IS LalLulaliJ iii L ri_*n lil JTr)und tli511.IIIMI.
I'hLfL u lurthlr .SL'iknck in iurl). ?(1?5 11'him n¥MS ¥m¥rgcd Ihal Ih&il lh¥ prcsLni RL'Cil'" pri)¥rJmniLi L(IminL t(I kill Lnd
ILI pri)jii1S IhJl hthi iii)i K'iiirLJ thL llLCL.kwrn maiih lundinbTr ii()uld hai ¥ ihiir11('(il.' mi>nii %¥ i(IidrJi¥i). (ii)I'iin I Ila laild a
Lriiiu4 Lri.si%. I'di ( &s.%iJ), il 'l'nL%LIL lif (ii)i'dn I ILritab>L I"rus1 and l)irLI'(or i)I' liON Jn 11.'urkspdLI, IhL
"I'hL Siliialll)n ￿L￿]id :Ind iiL' IL'n*￿ tlidi il)L &Jrdnd.jiiiimLI &¥L d ¢ni1)￿Kld uiM)n a JLLadL L￿tlEr lo
i?ns(fuil an ixlinsiL>n buildinbi thdl i%iMild rLSLLIL ￿)d bri,
txiini li INI)uld hal'i hiin ii) l() thriiii in ih¥ liiiill. IILII maJL up ijur niind5 111 ¥ii L il Illli PLI.4h, hLLauNL
iatil.4tr()phiL 'ind likLl¥ ILrniinJl. IIL.sidLS. hi)ii i()uld Ll)n%id¥r gril ing up 1% L(Trmiiiuiiiii &lLtii ill, al 1111i41n
l)lJ ¥1 al all-limL hibh.) Ifi%iior nuiii￿.r5 Jnd iniLfL'S1 in (hi pn)jLXt had &?i)nL Ihr(iug7h IhL r[￿}1. liilliiifving Lh¥
I?PLningi lil-( riiiJn'4 nLi¥ hriJgi¢ jii I'ILe ?11?4. IThL plaLL ii<LS bu/J.inb. dll Indd¥ Tr15sibli hi iiur i Iiluniicfs Ilhii had
liiniiJ i)Iil iii i)Iiiiih¢TS dllLI diiiiL iin &Ull&i/iny iiih l)Iiiidling 11111)rL¥LdLnl¥il i'i4itiir Iralli¥ i¥hili d¥li¥'¥ring il iUsliTrmLr
prLparinb li)r a bunip¥r ?11?fj
'&siin. ()nL' lin%il almiL>hi! push 4imi71! h;Id iij h4iprKn.
In facl. IhL linJl cl'lo)ns ll) rKi% i)Il'and ihc lonunL5 L)f Ihi pnijLLI hLi¥¥Jn li) lurn. lJa[ ('u%sid!' e¥pliiins.'
l%agL 2

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<iiise, l(i our 5urpri%e, beiiildernleni and dLliohi, ?11?5 1I'lLS lo ush¢r in i)ne mirnele
afiLr anoihLr. In fr.Lbru￿' IIL bJ()I n¢%￿5 Ihe NtiiiiTrllal l_nllLn FILriiagL l Lind had li pprni".ed (I gjrani of £?$11.IXK), %%"hiLh
IiIrnLd oul Iii bL u rLdl ¥aml-Ih￿b¥r Jnd SLJih a i'o(i ol'innlidellLL ITI ("iiii.￿ I"}ld ihat i)IhLr lundkrs Ii'erE (o tJk"e
nniiLL. 'll), 11 illiam (Jr£￿1 l.oundqtion did jus1 Ihal diidrdLxI £75,IIIMI in h.1￿Lh. And (iur gJi)iid fiTrrturiL didn'l
Lnd ihifL'. In Ilai rLIL'1￿'tyd J &yrJnt ol. £ lill.IMJI Iri)m ihi (JJrliilii l1'¥511)n b"ounilJtii)ii. In Jun¥ %ir Alex b'Lrgusiin.
J r¥'ll)%￿KabI¢ I￿"hLI h$15 fkilL'r lorg()iien his Ciol'an roois i%'ho'd iUPPLirtLd u% in lh¥ p&*l. di)nJlud *_iO,IKMI.
-I"hLn. in Julk li L fL'LeiKLd £.?11.IMMI frorn Ihi Sil irn I ￿51. It all hrL'a(hiaking .£iull'and a tUrn￿rL)lind niy IinL L(iu141
lia¥L P￿"JillLJ.ll L i¥'LfL' alnii)s1 ihLr¢ hut ni)i 4uiIL. 11Ii lasl PILLL l)l-IhL lunding jib>sai%' Ilils IL) Ll?mL In)m m>. oiin
)Jrd, ( illl&in 11 iirksp<Kk, ￿1)iLh InadL' a dLLi%iI)ii li) in1L￿ %1 haiil'Lr il'as iiL¢d¥d 10 hridgi IhL linal gap. "I h¥rc ¥¥'L'r¢'
LIM)Ipellin¥ re:i%iiii% liir Ihiil dLL1siill) hul ahi)l u lill il ￿'Lau.1¢ ( i1)￿an IllJ. as (jiTri.￿ % bTfLaiLsl ￿h11¢￿tur￿l aTKI
Luliuriil LiinsidLfLd liTr ￿. LLnlrJl lil Ilie r¢genLrJtlE)li i)I'CiiiKan. M)L Inss ¥if R('Cil-' nii)nLN l¥l)uld hL
Laia%ifiiphiL 4inil likc li iLmin411. I h¢ hiiirJ LiimiiiillLd ti) in¥L%l UJI 111 £?{111,IMllI, fuiiJ% it did Iiiit hal L li) h￿id but
.L I. lind ¥%Js'ippr(i¥¢d iin 17 S￿￿tLMI￿'r ?()?) ¢ind. fi)r
iiiiuld bibrr0l￿. A luthn iippliiaiii)n t() EhL' 1lrih1lL￿1￿r1II I lirilJu
Ihl %'¥n lir%1 limw. Ihi l.'¥l¥n4ii)n LiiinplLIL. li i¥()ulJ h'.1% L ￿'Lf1 %LILI) a IriigixIN if IliL' pl:111 hdcl IX'L
dknndi)nLd ii"hiLh iN()uld %uNli. hai L lili lh¥ pri)j¥ii in limhi). ¥¥ ith in£￿L'4ii￿{￿ LiimmiYlI'II inLiiilli 'iNJ il I'irblL ihLifLh
huildingi iinahlL lo funiliiin puhlil I'cnu¥. 'lThi' ¢Klinsiiin P&li'LS thL l(Ir LIc)i'l￿ ()lJ li) IK'LiilliL a priTrpLr
mU%LiITn rii'JlliiiLTr iiil)Lr in ( IlJs&iL)11.()I'Jll ihL.jobs Ci()i-dn Il'cTrrkspthLL la¥kliJ i)l.'Lr IhL Pii%l li?Iir d¥¥.￿Ls, IIII
i¥fiJirhl% Il'cn IhL ni(7s1 diiliiiili niil li) Lraik- . n)IbrL (h￿ dLKJJL i)r lii&h4 ¢ind li)%%s 511)p% and %idn%. li h41%
lllm4￿￿￿'d J niiir:IiliLIII LiliTrrl L)n IhL p-￿ i)fLl¥n ini'i)IkLd . iirLILS% I'iiliinleers i¥-hi) (uni i)ul d.il ali¥r %C<Lson
ul)Lf 51ats()n li) kLX'P ihL' LIiii)rn i)P-n. i i%illi￿ happi tlii hiiildingi dlii'L': IhL niimtK'rN i)I'( io¥an I ILrilag)L -[ rust
hai 4 (JkLn i)n rLbpiTrn.*ibilii% IL)r ih¥ pfiipirtN in lh¢ 11)11s1 diiliLiIIi i)I'Liriiim%lani¥%,' Jiid ihL hi￿rd i)l- ('iii1'￿7
l.'ork%paLi 14 hiih ini'islixl lim¥ m(InLiI in d pr(IjLLL il ii)nNiJifs ii)IILpr.Il lil Il)L rLgLnLfiiliiiii É)l-Iii)K¢in.11.'c'r¢
'¥ry luik! li) hai L P¥iiplL in JhundJnLL' hL'fL' in (ii)i an. inJii'idLiJls ￿'hi) 5inipli Ji)n'i kn()%¥ iihLn thL?,￿. hLdlLn.
( iillLXIjI'LIK. Ih¥ir ailiiin% LILIL'rniinaiii)n hai-L fL'KULd ihL dr¥Jm% &%piraliiTrn.% &tss(ILi411id iiiili (i()l lin I Ild iliul
I¥Lf¥' Lli)% l() Ix'iiib liTr%l. ..1.4 ihe ( i17k￿l ()lJ pri)jL¥I i)É)ii gils rLadN iii iJk-L up il.% rigilitliil pl￿¢ Jt ihL hLdrt 4)1-
rLlb)LIILr.iiiiiii 'ii)Il l ii)l lin'4 liilurL. IhLi li ill JI I hL ahlL Iii lih)k baLk. i¥ ith immLn%L %alis1￿,1ll)n priJL.
l.unJraising liTrr (hi iilN)%i grdnlb l(M)k up mLILh ill. Il)L ILdr, iiiLdiiii)b Ihal niii%l Ill. Ilii aiiards JIJ niil li&wrKn lill dllLr thc
Laf-inJ dnJ aiLfLliiN' INJi JPPL,'w in (hi5 ) Ldf's dLILIU1115. In siin)nidn. Iriiiii l.Lhtii'iD
EI I)11.IIINI NJiiiTrnal l.Iiticn' I ILriiaoL l.und I plus 1611.IXMI Ii)wJr(L%' arihaLX)1(i￿'}
1 511 IIIKI - Sir.Lilii I'Kf&iLlYI)n
!).(JIKI %iiirL' "I Nsl
L545.0IMI - .1 otal
Addid ii) IhL £1.5??.IMMI ai'ailablc h)m RL'GI.. lothl L4WiLJI inLiim¥ rose LO £?.U67.IIIMI dn(l. iiiih (jLi¥Jn I11{1￿.4￿￿¢.S
in￿￿51m￿nI of £•iio.IM)11. to £7 ?67.IM)O.
A¥tiirt￿ Ihal rL"%'LlluL. Cdpillll Lxpeiiditure is projeLied Ihl Q%. (iurdinLr & 'l-heobald. 10 hai'L' rixn iv ¥irLd £2.18!.111111. Ill
hiLh %h()Lild IK. dddLd a niiiiimum ii)nlinb?enL% l)I'£ I IMI.111111. tsk.ing thL linal ligure io £1 ry83,(nl.
ummar¥ iapitul inL()InL &. IiPLnditure
£_2.?I13.QN).Q_ pri)j¥CIL'd CXPLndilurc
L 16.IIIMI pri)jLLl¢d d¥liLil
In Lh¢%L LirLumsianLL% li hLfL IUSI Gl .4mall Ji liiii i)1- £16.0011 I￿aS pri)jiXILd. l)has¥
(m .1 .lu2usi ii'iih a J¢(Kllinr i)r.i Ik'ii)hL'r l()r rL'IUrn%.
pr()p1?￿l linJlls i¥'Lni L)Lil li) lender
Reiiei¥dhle F.IlLr yi { ¥nlrL'
PagL 3

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
Pr￿￿￿nI111g 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 ha￿e 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() tr￿￿roMI 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 impon￿L ¥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¢ (lI￿L?011,5 ]M￿lfl￿nI
hisii)riC Sil¥S throu¥?h P&lrtiLipaliiin in ils arLhaL'LTrli)¥J. I"hL' pri)LrJmme slarted in 4eptLYnhLr ?1175.
Thl pl￿ is b￿Ld 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) T￿￿h 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)Ll￿1 I,IMMI l'oung pe(ipl¢ fr()m
Iliirti-six ￿h1￿71 in ihc fiLlJi%iYk.
IhL. ?.)'e*ir 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 south￿￿5[ 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}L￿1<saI ¢nlrank¥ li? thi ihur4h) Jrd. A
SCLI)nd in7￿?￿￿1 li ill IK. lii ¢ontinuL sLurLhin¥ li)r buri¥￿ ¥TUiLsIIiiIL￿ ihrough iwr pft)hing suTreN. all of iithiLh li ill hilp
UFKlalL our map iil.lhc Lhurch% 4wd.
-[ hi l)ig Il'hLfL. Yi?u programnic. ii'hiLh will mn ali)ngiidL' Cl)n4iru¢lion of lh¥ n4iF L'XlLYlS1(In t￿lIdIng, I￿(A madL'
ihlL ihri)Ilbh dll iiii t*liii¥ lil i)f * I li!.IIIKI fri)ni Ihi N(1111)Iial l.i)Ilkrn I liriia&L funLI, (Jl&%goi% I Inii'¢rsiiy. c•lL￿5(￿lI L'ji
FlkYila¥L .1 n￿1. (iiJ%'un Il'&?rk%pilLY. the Il¢ll,thiTru%li?n Ik'qii¥%l l lind and Iri)m puhliL donalii)rLs.
Naiural I l¥rila¥¥
i*id¥% JfLhai()li)k*%. (h
rm)jLXi 1% ill iniluJ¥ a %luJi i)r Ihi naliir.ll ￿.n141&¢ iTrl- IhL I'inJ ari)unJ ( ii)i'an l )Id iih ih
'LniLnl
CIITILLr. L'iplain%:
'￿.¢ f¥. gi()inb til k. l¥i?rkinb in Piffill¥P>hip i%ith Th¥ C.(insL.rn￿I￿n W'olLinlLI'TS. a ¥Tr￿p i)I' ()n ihl
iiaiural Lili iriinnl¢nl. ii'liii IKilling li￿1¥1hl'r d huKi pri)kirJmniL ()l- L%in15 uiLii iiith d¥*i¥nL'J iu UilrJit uri)uiid l.IIIMI
P¥%)pIL iivili IhLm dlxiui n￿ur￿l heritdge, l)iiKIii L ￿la lliiir li)Lal ironn)Lnl.
"()nK i)I' t￿. highlights 14111 k. d i¥L¥kind LILY)I, ui)dL'r Ihe IMllllLr ,IrLlkiLX?Ii￿j￿. k-ILlli¢ & I Irlwi NdiurL'. iihilh i%ill
diriil¢d ai IdmiliLS, Iiiih a JiidiL'nL'L III. 4.IMMI ￿lIp1￿. k'lniillv. Pdn lil" IIIL li¥iiijl' ill. IhL' wi>gTrrdnin)L, IhLf¢ plan5
Iii rL'iruil d W'Jn) i)1" NaturL. l'olUn￿,￿fj iihi). ¥(iin¥ lotiidrJ. iiill hilp i￿¥ It)r dnd priimiTrlL tISL lil- IhL IiinKI miunJ Iii?Idn
Id."
Pugi 5

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 4￿￿OUn*￿ 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 ￿X￿n￿lItIr4 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 liliw￿d 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'l￿Tr. i% an ddditlii￿I 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'u￿ellI 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 r￿￿Ill.￿ arL aiiJfLb L)I' thL Iru%l'% I InrL*lriLILd 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
"Orks￿l 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¢ bL￿1'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-vrkS￿LL 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 pl￿11117￿. 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 Tr￿strtS
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 t￿hall"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 ninL*ILen.
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 ￿li￿a￿nl￿5 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 ll￿11 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 ￿'qUIr￿a 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)Ild￿J> Regulatio￿8 ?IMK).
Iln ixiimindlli)n iniluJLs J r¥"¥ie¥¥ lif lh¢ ￿L{l￿ni1n¥ reLI)rds kLTI h) IIIL LliJril! dnJ a ii)mp41ri4)n lil. thL ￿L{￿jnIS pr￿￿k￿ll￿d
iiith Ihi)K' ri'L￿rdS,. 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 % iL*I%' ¥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&%i￿a￿le LJiL*' lil ￿lleNe thai, in an). mdiLYial res￿LL 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. u11L￿1111n .%h(iuld bl. in i*dLY ti) eniiblL undir%l.'IiiJiii&) i)l- IIK. aiLI)ullL% li) Ix.
'aLhiJ.
-l-hL InslilUIL' Ibl'('hJrtLfLd ,lLLIIUIII￿1ls 111 Si(Ill￿a
(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"R0￿1
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 ￿l￿Tch 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￿]ll￿1 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￿(1￿1 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
B￿lS Df preparing tht flnancial stigtements
"lThi lI￿ncid1 %UILmLni% of Ihl (h￿ill.. 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'hJriij￿t Sl)RP IFIIS 111?1 'AiCI)uniing Kiporling L.'hinii¥%: SldlLminl i)r
R¢ii)Iiin)L'nd¢d PrdLIiLL api)liLabl¢ lii ¥h￿ille￿ prLp￿ng ihlir acLI)unis in aLcordan¢L' ii.i(h th. l.inanci(Il IiLpLlrtin¥
SILlI)d.IrLI 'ippliL*ihlL iii IIIL I IK 'uiJ RLiiuhlii {)( IrLl%ind Il.RS 111?} ieifeLIiiL l ?1111))'. l.in￿¢]￿1 RLPL)rting
Si&ll)Ll￿d 111? ' I'lii l- ii)clll¥ial Klkxining Siiiiid4irJ Jpplii<iblL iii IIIL I tK aiid RiPLihlii i)r IrL1￿￿' Ihi Chwiiie.%
rusliL' Ini L'51mini 1Si()114ind I rlil ?1111S -1.￿. liniinLial sliilLniLIII.4 liaiL hLX'n PT¢P*ifLxI uiidLr ihL hioA{)riL￿)I ¥051
Ll)niLniion.
"rhL' Lhwit%' mc¢ts thc JLfiniiion i)l-a publiL bLnLIii Lntil? undlr 111?
Goin% coneern
115 rL'ILftid (L) in thL .1 nJstee% Rerrf)Tt. Ihe PiindLmiL LausLJ significani disruptit)n to Ih¥ iru51'S pri)grL*% iiiih lis
rL..d¥l¥lc)pinLni iii)Tks JI (T[TrI-￿ Illa dnd dddilii)iial fundinbi 1% niiiK rL'qLiired flir IhL Phd%i' 11 i%iirL's. duL l(> rising
Lxinlr&lLlI)r% Lii41%. Suih dL'la) % hai.'L Ill¥*inl ihai thL Irusl rLmdin% rrlianl i)n fundingj supp()rt from Ih¢ rel￿ed Lh4Wiib,
11)i iru%lLL% rL'mthiii ￿11511￿(1 thai IhL ch￿1% ad￿qu￿e rcbourcLs to Li)niinuL in i1￿TIl(l{ln l(Ir thL lli¥l l ? ni(?nih%.
C1￿￿.￿u¥ll11i'. IhL' ¢()nsiJLr li appr()priaL' io pr¥par¥ thc linaniial sialLmLnl.% i)n a ¥iiin&T Luincirn bJsi
C'riticiil Arc(bvnliii% Jud2enients kti sDur¢e4 nf e$timatii)n uncert#inti'
hL pfLpJf4ili(?n LFI- IhL fii)Illli iiil ￿￿lLen)Ll]I.S rL411ifL'I Ill<illJ&LIIIL'nl li) niakL .jIILI&Lf¢)¥nis, i'4limaiLS and &%%umplic)n%
Ihill LlliLI Ihl amiiiinis rifrtin¥Xt liir a￿￿lIs Jnd li&ihilillL* 115 ul tl)L bdlilllLL %IILL'I dJlL Jiid ihL ￿7￿1)unIS rn'pi)nLd liir
inL(Illii and iXPLndiiurL diLrillbP IIIL I L-ar. I li)11 L% Lr. IhL n'ilurL l)I' L*liniJlliiii ii)L;
Iri)m Ih()K' ¥s1imalc%. 'Ih¥ ¥%iim'itlS dnd undirl¥inb) us%umpiii)n% 61f¥ ri'% iiii iin iTri)g(iin¥ Iwsis. RLI iAiIIII8 111
a¥ii)IiiiliiiLI i%liniai¥% ari fL'icwni%iJ ir LhL PLriiKi in iihiLh Ihi c%llll)411L 1% fLIINLd il- IhL r¥'ii%iibll iillLLl4 (InlN ihdl
tLriiKI, L)r iii Ili¥ P¥riiid (If Lh¥ rii isiiin aild luiuf¥ PLrii)ds il"Lhi N'l'iSii)n all¢LI.% b￿h iurrini lind luiurl P¥rii)Js.
I"here are nii kei ￿)UrL¢￿ i)I-L'%limdliiin iiniindilllv.
Income
¢111 'r¥l'inuk' inLiimL 18 rL'Lcbg7rtisL￿ in thL' Siaiimini (il. l-in;InLial ALlii'ilie% iinLL ihL' Ihdril! h&4 ¢ntiilemini li) thL
tunaK [( is pri)bablL ihai IhL tnLomL M'ill bl rLxLiiiEI sind IhL imliuni bL riliiibli..
InLc)n)e fmm ¥Troi'LrnmLnt and iiihLr grani& Mhcihcr 'L4)iial' grants or 'n'iLnuL
granis, is fLXX)byni5Ld ¥ihen IhL'
LhLiriLi L'niiilLlliLlli iii IhL tiiiids. ani. perlnrnianLL LiinJiii<)ns allJLhLd li) Ihi grant% hai L bL'Ln m¥L. il 15 pfi)Lubl¥
Ihdl tIiL inLiinie Mill he itieiK'ed IhL' dimi)iirii lil¥Lsufid rLliabl} and is noi delLrrcd.
Eipi'nditure
-i'ihiliii¥% arL' f¥L(I&Ylli5Ld LNPLniliiiiri' ¥1I1)n lh¢￿. is a l¥gal i)r ii)nblruilii L iihli¥T Jlji)n iiTrmmiltingTr ilii cli41ri1i'
Io Lhai LNrLndilurL'. li 1% pri*bublL ihd( u ir￿%1¥r ill. LLI)lILlttllL bLIK.fils li ill iK' rL'4uifLd in %LiIILniLlIt wid ihL ￿(lunt
¢)I' IhL iibli¥aiii)n ian bL mL'ii%urL'd rLli4ihli. l.xrrt-nLliiiirL its dLL4iulliLd liir i)n Jn JLLruul% anLI li&% IK'LXI L1&s5ifiid
undir thai ¥l&'L?f¥gthL 4111 Li)%l fL,Idiid iii lh¥ Lai¥giir?. Il'h¥fi c0s15 ¢Jnnc)i iK. dirL'L(l¥ aiirihui¥sd ti) P&lrtiLular
'iiJinbJ% iheN hdNL ￿L'n dlliKalL￿ li> dili% iliLS ¢)n a bil.%i4 Lon.4iSl¥nl li iih lh¥ USL, iTrfrL%()ufiLS.
C'haritable dLlii'ili¢% 1051.% 1()mpri8e% L)I' ¥iTr%l% inLurrL'd b>, thc chariLv in thi J¥lii"Lr%' ul. lis dav iiTr dai ilLliN'iiiL%
seri'iL
Tangible filed a55els
Land and Lluildlng
LanJ buildin¥s iiiinL7d h!. IhL charit)" &ifi aLllltinied lijr l¢ingible lixeJ dS5el% rdihL r Ihdll inie%lmwit pri4K"rtlLS.
as IhLI' afi held in pur5UiI i)l-tl)L ihdriifv % primJt% ÉibjLiIi% L*. raihl'r IhJn lor Iliiif i11I¢sini¢nt piTrleniidl.
PdgL 12
LiTrlliiniiLXI...

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 co￿5
ol- in%lruiLii)gJ dll IIILl{￿li￿lIII 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 fL￿dLI￿1￿prtl¥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'fvLIii￿J 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% {Q￿leP1
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 JL*IIiiLd 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 Im￿1ndnI 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<iliiiii LJiiniil hL'
()hiaiiiLLI IliifK Iiirk ihL iru%l Ji)LN n(Il rLLI)&ini%L IhLbL iin ils bdlanLL Nhix'l. 'l-hi ¥.XILPtic)n is ￿ Jiqui4iIiLin i)I'
(il&%b>()ii rL'ligJiiiu% miir411 Pililiting. i%hiili is rLiiirdL'd i)ii ihL baldiiii %hLIl 4[ ii)%l l Llll))pri*inb) ()I' ￿qui411111n.
Irdn%tvrt 4incl di%pl4iJ' %el 11P1.
hi Lharil! is cicmpt friini tax on ils. LhsiriLJhlL' aCIiI i(ILS.
Fund 4¢cO￿ntin
I liiri'%lriilLd liiiiJ% ian bL" in aLiiTrrd￿ll i¥iih Ihk ch￿1(￿h1¥ iibjLttii'L% ai ihL Ji%Lri'ti(Trn ol. Ihc In15l¢i*.
I IiirL%lriLliJ funJ4 JrL IhiK4¢ ihdl IK. USL.d Jt the di￿re11{1￿ lif ilic tru%ieLs in lunh¥YanLL ol. IhL ()bjLxls 1?l- lh¥
Lhari()'.
Ilisiriiliil lunds ma). L)nli iK' lilr %PLiili¢ ptJrp(JKs. KisiriLIi1i1is Elri￿, ¥%hcn SPLxiliLd hN IhL donor or iih¢n
liinds arL faiNLd lor spcciliL purtX)Si5.
rurther ¢xplJndlii)n ()I'(h¢ naiLifL' dnd pUrp￿￿- (Il-iaih luiid 15 in¢lLidLd in ihL' ni)IL'¥ l() Ihi linunLidl bt&l(LinLnls.
Dtblnr
Finiinri411 inilrunienls
h¢ LhJriiN iinll h&lS lin&inii'il a%*'l% and linaiiiial liahililies 1)r il k'ind thdt 4￿￿1111 basil linancial in%Erum¥nis.
IiiidnLiJI insirumL'nt5 afL inilialli r¢iLignis¢d at Ir4in%JLliiin ialuL and s(Ih8¥£iuenilN mL"&%urLQ d (hLif SLiIILminl
-aluL.
Dtbtor5
Pagl 13
i)nliiIuLXI...

Go*on.H&rbw_T.rysJ.SC.IQ.
N￿l¢￿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'll￿bIL 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 i1￿y￿. 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%
Silb￿rip[1l1￿I
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
..JJLEillLne￿I I Ststtments- eoniinued
oles lo t
for ibe I'e#r F.nded 31 ￿l￿r< 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 ￿l￿r(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 I1￿Lh 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
Tol*l
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 I11Th44￿a
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't￿r Ended 31 ￿Illreh 2025
DLB"I URS: A￿10[ N'I'5 b,ILLI*G DLIL IN'II'HIN OYE I'L,%R
2n?5
2U?4
v.o'i'
13.31111
7,7411
15
Pr¢pa￿Ment% and aLLfuLd iniiimL
13,315
7.7hl
10.
CREDITORS: A￿lOI.NTS l*.4LLIP*'G I)liF. II'ITHIN ONF. I'E.4R
21)75
?0?4
Ildnk I￿n5 ()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 gI￿lTI 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 ￿l￿rth 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%
R￿￿OUr￿¢.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$11
2.261.IK15
TI)TAL Tr"LINDS
1.763.755
461.16.1
2.?74.l) I
L'iimiN?ntii'e nLI miii'emenl in funds. iniludid in LhL alx)i'L Eifc iLS lo110￿5.
Inciyniing
rL'si)urLLs
Ilesnur¢¢
PLndi
NIC)% imlni
in lun&s
[Inrtsirii'ied fu￿d$
(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_￿I￿rE￿.
12.
101.E￿IEN-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'<d fri)m (i()i'an 11.'orkspdLL l.td la ￿'la1(￿d Lh<iril}'l in IhL > LJr.
In uJJi(Ii)n iii IhL Iiix)¥'L 4lPP(In. a Lfi)S5 L41llipilli! guJranlL*', IdPPLxl ot £?1111.Ill>(l. heen pri)i.idLJ b). (i()N'an
11 i)rk-.spaLL' l.ld li) Ihl LhJrili'5 bJnkirs.
PJ¥Ji l()

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 EP*l)OII'IIF.NTS
I￿￿￿tIOnS 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
5*S,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 LK￿nsL.￿
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%