Charity Registration No. 1026551 THE OLIVER FORD WILL TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE OLIVER FORD WILL TRUST LEGAL AND ADMINISTRATIVE INFORMATION Settlor.. Oliver Ford Governing Instrument: Will dated 20 February 1988 Deed of Amendment dated 9 May 2023 Trustees: Lady Alison Wakeham Martin Philip Levy Matthew Derek Pintus Charity Address: Macfarlanes LLP 20 Cursitor Street London EC4A 1 LT Charity Registration Number: 1026551 Solicitors: Macfarlanes LLP 20 Cursitor Street London EC4A 1 LT (Partner .' N J S Harries) Bankers: The Royal Bank of Scotland PIC 62 - 63 Threadneedle Street London EC2R 8LA Independent Examiner: Emily Smith FCA Humphrey & Co Chartered Accountants 7- 9 The Avenue Easlbourne East Sussex BN213YA Investment Advisers: Evelyn Partners 45 Gresham Street London EC2V 7BG
THE OLIVER FORD WILL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 April 2024 The Trustees present their Report and Accounls for the year ended 5 April 2024. The Accounts have been prepared in accordance with the accounting policies set out in Nole 1 to the Accounts and comply with the Charity's Trust Deed, the Charities Act 2011 and ' Accounting and Reporting by Charities '. Statement of Recommended Practice applicable to charities preparing their Accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019) ' Objectives and Activities for the Public Benefit Originally the primary object of the Charity, for which the Trustees can apply both income and capital of the fund, was the furtherance of the education of the general public and the advancement of knowledge of the history and techniques of interior decoration, the design of fabrics and other decorative materials and landscape gardening, with particu5ar reference to the work of Oliver Ford. Other organisations which the Trustees may support with fund income are the Anthroposophical Society in Great Britain, the Camphill Village Trust, the Ravenswood Foundation or any other Village or Home for the mentally handicapped which is not state subsidised. By Order of the Charity Commissioners dated 9 September 2005, certain modifications were made to the primary object, which from that date replaced the wording "with particular reference to the work of Oliver Ford with 'including (without prejudice to the generality of the foregoing) with reference to the work of Oliver Ford" The Order also extended Ihe range of organisations which the Trustees may support. From 9 September 2005 these cover'the charitable purposes of The Anthroposophical Society in Great Britain {registered Charity no. 2204801, The Camphill Village Trust Limited {registered Charity no. 232402) and Norwood Ravenswood (registered Charity no. 1059050) or any other Charity providing housing, educational or training facilities for children, young persons or adults who have learning disabilities or learning difficulties" The Order also provides that support can come from capital as well as from income. The Trust carries out these objects by the maintenance of investments to provide both income and capital growth which are in turn applied to the issue of grants within the following areas.. Oliver Ford scholarships for students attending the Victoria and Albert Museum. Assistance to students of the Royal Horticultural Society., Assistance to students of the Furniture History Society., and Providing grants to projects undertaken by those charilies providing housing, educational or training facililies for people with learning difficulties such that those charities may enhance and develop existing facilities or initiate new projects that fall within the objects of the Oliver Ford Will Trust. The trustees confirm that they have referred to the guidance contained in the Charity Commission general guidance on public benefit when reviewing Ihe Trust's aims and objectives and in planning future activities and setting the donalions policy for the year.
THE OLIVER FORD WILL TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 April 2024 Achievements and Performance The Trustees continued their policy of making donations to various registered charities involved with education of the general public and a total of £158,1981£170,857 in 2023) was provided during the year. Details of the donations are shown in Nole 10 to the Accounts. The level of donations issued by the Trustees during the year, when aggregated with donations of earlier years, means that the trustees have issued substantially the whole of their net income of the last nine year period to 5 April 2024 by way of charitable donations, in line with their target on a year on year basis. Financial Review At the year end the total Fund was valued at £2,705,254.35 against £2,682,102.04 in 2023. The Trust's income consists of inveslment income which is distributed to various charilable organisations at the Trustees, discretion. It is the aim of the Trustees lo maintain a balance between investments for capital gr0h and income generation and to maintain readily accessible cash funds sufficient to fund anticipated charitable donations over the coming year. The Charity's reserves are primarily investments which are held to generate income and capital growth, which provide funds to make grants in accordance wilh the Charity's objectives. Free cash reserves total £152,065.91 at the year end and Ihe trustees consider that the level of reserves is appropriate to meet current activities. Further reserves can be met with the liquidation of a proportion of investments if required. In addition, Ihe investment managers hold an element of the portfolio in liquid form such that advantage can be taken of investment opportunities that are in keeping with investmenl policy, as they arise. The Trustees have assessed the major risks to which Ihe Charity is exposed and are satisfied that systems are in place lo mitigate exposure to the major risks. Investment performance is monitored regularly by Ihe Irustees including via presentations by Ihe inveslment managers to twice yearly trustee meetings. The Trustees consider that the spread of risk wilhin the investment portfolio is well placed to weather the current financial uncertainties. Operational risk is considered to be the extent to which the grants to the Victoria and Albert Museum, Furniture History Society and the Royal Horticultural Society together with donations to charities providing facilities to those with learning difficulties advance the objects of the Trust. The Trustees manage this risk by detailed review of the applications for funding together with monitoring of the students and projects to which grants are awarded, aided by regular reports from the organisations concerned.
THE OLIVER FORD WILL TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 April 2024 The Trustees conlinue to aim, year on year, to distribute all available income after expenses to charitable organisalions. As well as offering one-off donations, the trustees intend to direct a proportion of their income specifically towards training of students sponsored by charitable organisations falling within the trust's objects. In addition, the trustees resolved at their meeling on 8 June 2015 to spend up to £50,000 each year from capital funds to supplement donations including studenl training cosls. The latter allocation has resulted in increased annual donations relative to the previous levels. At the trustees meeting on 29 May 2019, il was recognised that in order to make meaningful grants which made a material impact, it would be appropriate to increase the annual capital spend to £100,000 in total. Whilst the trustees would nol be obliged to spend Ihe full amount, it should be factored in to the summary of assets and available income. Structure, Governance and Management The Oliver Ford Trust was established under the terms of the Will dated 20 February 1988 of Oliver Ford, who died on 17 October 1992. Whilst commonly known as The Oliver Ford Will Trust, the Charity is also known as Oliver Ford Foundation, and it is under this name that it is registered with the Charity Commission under number 1026551. The terms of the Trust were amended by Deed of Amendmenl dated 9 May 2023. An Order of Ihe Charily Commissioners daled 9 September 2005 also allows the Trustees to amend the trust, subject to certain conditions, from time to time, if they are satisfied that it is expedient in the interests of the Charity to do so. The Trustees who served during the year were.. Lady Alison Wakeham Martin Philip Levy Matthew Derek Pintus Under the terms of the Trust Deed the power of appointing new Trustees is vested in the surviving or continuing Truslees. Trustees are selected having regard to both their general experience, and Iheir knowledge and experience of the objects of the trust, and any personal knowledge of the existing trustees. Professional advice is available to new trustees from Ihe trustees, solicitors for training purposes regarding the duties of a trustee. All Trustees give of their time freely and no trustee received any remuneration, benefits or expenses from the Charity during the year. Trustees are required to disclose all relevant interests and to withdraw from decisions where a conflict of interest arises. Evelyn Partners {formerly Smith & Williamson Investment Management Limited) are the Trust's investment adviser whose brief is to advise and manage an investment portfolio on a discretionary basis. Investments held at 5 April 2024 were acquired in accordance with the powers of Ihe Trustees.
THE OLIVER FORD WILL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 April 2024 The investment strategy is sel by the Trustees and in doing so the Trustees have regard to the income requirements, the risk profile and their investment manager's view of market prospects in the medium term. statement of Trustees, Responsibilities The Trustees are responsible for preparing the Trustees, Report and the Accounts in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounlancy Practice). The Law applicable lo charilies in England and Wales requires the Trustees to prepare Accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that year. In preparing these Accounts. the Trustees are required to:_ select suitable accounting policies and apply them consistently., observe the method5 and principles in the Charities SORP., make judgements and eslimales that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the Accounts., prepare Ihe Accounts on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeping sufficient accounling records which disclose with reasonable accuracy at any lime the financial position of the Charity and to enable them to ensure that the Accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees, Report was approved b the Bo rustee Approved by the Trustees and signed on their behalf by: Dated Ort .2024
THE OLIVER FORD WILL TRUST Independent Examiner's Report to the Trustees of The Oliver Ford Will Trust I report to the trustees on my examination of the accounts of The Oliver Ford Will Trust {the Trust) for the year ended 5 April 2024 which are set out on pages 7 to 15. ResponslbS1Sties and basis of report As the Charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'}. I report in respect of my examination of the Trustees, accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the 2011 Act. Independent Examiner's Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. 1.) accounting records were not kept in respect of the Trust as required by section 130 of the Act., or 2.) the accounts do not accord with those records., or 3.) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requiremenl that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no olher matters in connection with the examination to which attention should be drawn in Ihis report in order to enable a proper understanding of the accounts to be reached. Emily Smith FCA Humphrey & Co Chartered Accountants 7-9 The Avenue Eastbourne East Sussex BN213YA Date 9 December . 2024
THE OLIVER FORD WILL TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT Year Ended 5 April 2024 Note 2024 2023 Income and Expenditure Income from: Investments Dividend in Specie - Woodside Energy Adjustment to book cost BHP (from 2015) 74,675.30 79,766.19 9,051.73 1,848.00 90,665.92 74,675.30 Expenditure on: Raisin funds Investment Management Fees Legal Enlity Identifier Registration Fee 11,464.04 60.00 11 ,751.97 78.00 Charitable activities Donations Funding commitmen15 10 158,198.00 170,857.00 1,456.31 Other ex enditure Land Regislry Fees Legal Fees Independent Examination Macfarlanes Accountancy Fees Total resources expended 6.00 18,000.00 3,060.00 3,000.00 18,018.18 3,000.00 3,000.00 193,788.04 208,161.46 Net gains (losses) on investments £142,265.05 (£157,904.83 Net movement in funds 23,152.31 (275,400.37) Fund balances at 6 April 2023 2,682,102.04 2,957,502.41 Fund balances at 5 Aprtl 2024 £2,705,254.35 £2,682,102.04 All funds are unrestricted
THE OLIVER FORD WILL TRUST BALANCE SHEET at 5 April 2024 2024 2023 Notes Fixed Assets Investments 2,553,188.44 2,564,733.26 2,553,188.44 2,564,733.26 Current Assets Cash at bank and in hand 167,017.48 167,017.48 136,634.61 136,634.61 Current Liabilities Creditors.. amounts falling due wilhin one year { 14,951.57) { 19,265.83) Net current assets 152,065.91 117,368.78 Total assets less current liabilities £2,705,254.35 £2,682,102.04 Unrestricted funds 2,705,254.35 2,682,102.04 £2,705,254.35 £2,682,102.04 The accounts were approved by the Trustees on Lady Alison Wakeham ste Mart Levy Trustee Matthew Der Pintus Trustee
THE OLIVER FORD WILL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2024 1 A¢¢ounting Policies Charity Information The Oliver Ford Trust was established under the terms of the Will dated 20 February 1988 of Oliver Ford, who died on 17 October 1992. Whilst commonly known as The Oliver Ford Will Tr ust, the Charily is also known as Oliver Ford Foundation, and it is under this name that it is reg istered with the Charity Commissioners under number 1026551. 1.1 Accounting Convention These Accounts have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" IFRS 102,1, "Accounting and Reporting by Charities" the Statement of Recommended Practice for charities applying FRS 102, the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applies from 1 January 2019. The Charity is a Public Benefil Entily as defined by FRS 102. To ensure that the accounts Show a true and fair view, the trustees have not complied fully with the Charities (Accounts and Reports) Regulations 2008 as these refer specifically to Ihe previous 2005 SORP and have not been updated to reflect the changes in legislation to the FRS102 SORP. The Accounts are prepared in sterling, which is the functional currency of the Charity. The Accounts have been prepared on the historical cost convention modified to include investments at fair value. The principal accounling policies adopted are set out below. 1.2 Going Concern At the time of approving the Accounts, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational exislence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the Accounts. 1.3 Charitable Funds Unrestricted funds are available for use at the discrelion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. 1.4 Incomlng Resources Income is recognised when the Charity is legally entitled to il after any performance condition s have been met, the amounts can be measured reliably, and it is probable that income will b e received. The Charity is a registered Charity and therefore is not liable for income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
THE OLIVER FORD WILL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2024 1.5 Resources Expended Expenditure is recognised on an accrual basis as a liability is incurred. Costs of generating funds comprise the Inveslment Managers, costs associated with the management of the investment portfolio in accordance with the strategy set by the Trustees. Charitable expendilure in the form of donations payable is accounted for as and when approved by the Trustees and when due for payment. Other costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and include the audit fees and legal costs linked to strategic management of the Charity. 1.6 Fixed Asset Investments Investments are included on the Balance Sheet at their market value at the end of the financial period. Listed investments are slated at the mid price on the London Stock Exchange and the bid prices provided by the Fund Managers for unit Irust holdings. Gains and losses on investment assets are credited, or debited, to the Statement of Financial Activities in the year in which they arise. 1.7 Cash and Cash Equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short- term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.8 FinancSal Instruments The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial stalements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to seltle on a net basis or lo realise the asset and settle Ihe liability simultaneously.
THE OLIVER FORD WILL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 Aprll 2024 Basic Financial Assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaclion costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic Financial Liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement conslitules a financing Iransaction, where the debl instrument is measured at the present value of the future receipts discounted al a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services Ihat have been acquired in the ordinary course of operations from supplier. Amounts payable are classified as current liabilities if payment is due within one year or less. If nol, they are presented as non-current liabilities. Trade creditors are reGognised initially at transaction price and subsequently measured at amortised cost using the effective interesl method. Derecognition of Financial Liabilities Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. 1.9 Critical accounting estimates and judgements In the application of the Charity's accounling policies, the Trustees are required to make judgements, estimates and assumptions about the Garrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors thal are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where Ihe revision affects only that period, or in the period of the revision and fulure periods where the revision affects both current and future periods. In the year ended 5 April 2024 the Trustees consider that there were no critical accounting estimates or judgements arising that require disclosure.
THE OLIVER FORD WILL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2024 2 Income from Investments 2024 2023 Income received - U K Equities Income received - Unit Trusts Fixed Interest Securities Income from Overseas Securities Property Income Distribution Interest on Cash Deposits 36,716.76 15,651.64 1,222.63 16,491.61 2,055.60 2,537.06 38,882.99 15,281.17 182.72 19,453.89 5,279.15 686.27 £74,675.30 £79,766.19 3 Independent Examiner's Remuneration The analysis is as follows- 2024 2023 Independent Examination 3,060.00 3,000.00 £3,060.00 £3,000.00 4 Trustees None of the trustees (or any persons connected with them) received any remuneration, benefits or expenses from the Charity during the year (2023'.nil). 5 Employees There were no employees during the year {2023'.nil). 6 Net Gainsl(Losses) on Investments 2024 2023 Revaluation of Investments Loss on Sale of Investments 164,227.38 (21,962.33) (139,384.57) (18,520.26) £142,265.05 £157,904.83 12
THE OLIVER FORD WILL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2024 7 Fixed Asset Investments 2024 2023 Listed I nvestments £2,553,188.44 £2,564,733.26 Investments are included on the Balance Sheet at their market value at the end of the financial period. Listed investments are staled at the mid price on the London Stock Exchange and the bid prices provided by the Fund Managers for unit trust holdings. The historical cost of the fixed asset investments is £1,508,002.26 {2023 - £1,552,720.23). Movements in Fixed Asset Investments 2024 2023 Cost or Valuation Al 5 April 2023 Additions Valualion Changes Disposals 2,564,733.26 418,145.60 142,265.05 (571,955.47) 2,673,691.26 231,170.89 (157,904.83) {182,224.061 At 5 April 2024 £2,553,188.44 £2,564,733.26 Carrying Amount Al 5 April 2024 £2,553,188.44 £2,564,733.26 At 5 April 2023 £2,564,733.26 £2,673,691.26 13
THE OLIVER FORD WILL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2024 8 Financial Instruments 2024 2023 Carrying Amount of Financial Assets Equity instruments measured at cost less impairment £2,553,188.44 £2,564,733.26 Carrying Amount of Financial Liabilities Financial liabilities measured at amortised cost £14,951.57 £19,265.83 Financial Liabilities . breakdown Amounts falling due within one year: Accounts preparation Independent examination Investment Management Fees Legal Fees Donations payable Land Registry Fees 3,000.00 3,060.00 2,885.57 6,000.00 3,000.00 3,000.00 2,947.65 6,018.18 4,300.00 6.00 £14,951.57 £19,265.83 9 Current Assets 2024 2023 Cash at bank and in hand Macfarlanes LLP Evelyn Partners 30,565.04 136,452.44 25,971.26 110,663.35 £167,017.48 £136,634.61 14
THE OLIVER FORD WILL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2024 10 Charitable Donations Made By The Trust 2024 2023 Grants to Students'.- Furniture History Society Royal Horticultural Society Assist Trust Blyth Star Enterprises Limited Camphill School Aberdeen Cann Bridge School Chailey Heritage Foundation Dorset Community Action ECHO - Extra Choices in Herefordshire Filzroy Support Maclntyre Martha Trust Martineau Gardens Mencap - Grove Coltage Minslead Trust National Star Norwood Ravenswood Oakfield Easton Maudit Limited Opening Doors Reach Learning Disability Rossendale Trust Spadework Speaking Up Speaking Out Stable Family Home Trust Stanley Grange Community Association Stepping Stones Stockdales Style Acre The Atlingham Trust The Bren Project The Crumbs Project Thrive Time Out Group United Response V & A Grinling Gibbons Conference Where Next Association Winchester Go LD Your Voice Counts 4,062.00 15,000.00 10,000.00 1,000.00 3,380.00 15,000.00 10,000.00 4,455.00 5,000.00 7,500.00 5,196.00 10,000.00 7,500.00 10,000.00 23,670.00 5,000.00 10,000.00 8,000.00 17.000.00 11,940.00 5,000.00 5,000.00 15,000.00 10,000.00 15,000.00 5,000.00 10,000.00 10,000.00 6,320.00 15,000.00 2,732.00 4,300.00 5,000.00 5,000.00 5,000.00 5,000.00 10,000.00 1,000.00 1,000.00 5,000.00 5,000.00 £158,198.00 £170,857.00 All grants detailed above were provided lo institutions. 11 Related Party transactlons There were no disclosable related party transactions during the year (2023'.none). 15
THE OLIVER FORD WILL TRUST Appendix 11 Income from Investments Holdlng Datg Gross Tax Overseas Tax Net UK EQUITIES- DIVIDENDS Astrazeneca PIC Ord US$O.25 Shares 350 25103124 546.00 546.00 Aviva PIC Ord 32 17119p Shares 7,600 7,600 18105123 05110123 1,573.20 843.60 1,573.20 843.60 BP PIC Ord US$O.25 Shares 7,000 7,000 7,000 7,000 23106123 22109123 19112123 28103124 371.62 401.24 401.57 398.45 371.62 401.24 401.57 398.45 Compass Group PIC Ord 11.05p Shares 3,300 3.300 27107123 29102124 495.00 927.30 495.00 927.30 Diageo PIC Ord 28 1011108p Shares 1,700 1,700 13104123 12110123 524.11 835.89 524.11 835.89 GSK PIC Ord 31 114p GBP IXLONI Shares 2,400 2,400 2,400 2.400 13104123 13107123 12110123 11101124 330.00 336.00 336.00 336.00 330.00 336.00 336.00 336.00 Haleon PIC Ord 1.25p Shares 3,000 13,000 27104123 05110123 72.00 234.00 72.00 234.00 Inlerconlinenlal Hotel Group PIC Ord 20 3401399p Shares 909 909 16105123 05110123 691.57 351.78 691.57 351.78 Legal & General Group PIC Ord 2.5p Shares 14,500 14,500 05106123 26109123 2,019.85 827.95 2,019.85 827.95
THE OLIVER FORD WILL TRUST Holdlng Date Gross Tax Overseas Tax Net National Grid PIC Ord 12 2041473p Ord Shares 4,876 4.876 09108123 11101124 1,833.38 945.94 1.833.38 945.94 Phoenix Group Holdings Pl¢ Ord 10p Shares 6,000 6.000 10105123 23110123 1,560.00 1,560.00 1,560.00 1,560.00 Prudential PIC Ord 5p Share5 4.650 15105123 486.41 486.41 Re¢kill Benckiser PIC Ord 10p Shares 1,150 1,150 24105123 15109123 1.268.45 880.90 1,268.45 880.90 Rio Tinlo PIC Ord 10p Shares 1,220 1.220 20104123 21109123 2,261.27 1,679.57 2,261.27 1,679.57 Sage Group PIC 1 4tT7p Shares 7.604 7.604 23106123 09102124 498.06 969.51 498.06 969.51 Shell PIC Class B Ord Euro 0.07 Shares 3,400 3,400 3,400 3,400 26106123 18109123 20112123 25103124 781.66 888.08 894.54 914.60 781.66 888.08 894.54 914.60 Smith ID SI PIC Ord 10p Shares 8,272 8,272 03110123 31101124 992.64 496.32 992.64 496.32 SSE PIC Ord 50p Shares 2.600 2,600 21109123 08103124 1,760.20 520.00 1.760.20 520.00 Unilever PIC Ord 3 119p Shares 1,800 1,800 1,800 1.800 15106123 31108123 08112123 22103124 680.94 666.00 668.70 656.46 680.94 666.00 668.70 656.46 £36,716.76 £36,716.76
THE OLIVER FORD WILL TRUST Holding Date Gross Tax Overseas Tax Net UNIT TRUSTS- DIVIDENDS Aberdeen Diversified Income & Growth Trust Plc Ord 25p Shares 40,000 40.000 06107123 19110123 568.00 568.00 568.00 568.00 BlackRo¢k Conlinenlal European Income Fund D 25,600 25,600 25,600 25,600 28104123 31107123 31110123 31101124 97.70 1,480.07 151.23 181.16 97.70 1,480.07 151.23 181.16 First Senlier Inveslm&nls Asia Pacific Leaders Class B NAV Shares 14,000 14.000 30109123 31103124 1.017.40 162.38 1,017.40 162.38 Forevjn & Colonial Investment Trust PIC Ord 25p Shares 12,500 8,500 8,500 8.500 115/23 01108123 01111123 01102124 487.50 289.00 289.00 289.00 487.50 289.00 289.00 289.00 JPMorgan Asset Management UK Ltd US Equity Income Fund Income C NAV Shares 34,000 34.000 24.000 12,000 28104123 31107123 31110123 31101124 972.40 863.60 619.20 313.20 972.40 863.60 619.20 313.20 Morgan Stanley Investment Funds IUKI Global Brands l Dis 2,000 2,000 31108123 29102124 316.36 216.66 316.36 216.66 VH Global Sustainable Energy Opps PIC Ord 0.01p Shares 50,000 50,000 50,000 50,000 30106123 14109123 08112123 28103124 690.00 690.00 690.00 465.00 690.00 690.00 690.00 465.00 £11,416.86 £11,416.86
THE OLIVER FORD WILL TRUST Holding Date Gross Tax Overseas Tax Net UNIT TRUSTS INTEREST RECEIVED Blackrock Fund Managers Ltd Corporate Bond S Inc 45.000 45.000 45.000 45.000 28104123 31107123 31110123 31101124 411.37 455.54 472.66 491.02 411.37 455.54 472.66 491.02 Ninety One Fund hllanagers Diversified Income J 2 Income Sha$ 56,500 56,500 56,500 56,500 29112123 31101124 29102124 28103124 91.02 197.24 172.95 227.98 91.02 197.24 172.95 227.98 Ralhbone Ethical Bond Inslilutlon81 Inc 50.000 50,000 50.000 31105123 31108123 30111123 470.00 485.00 515.00 470.00 485.00 515.00 VH Global Sustainable Energy Opps PIC Old 0.01p Shares 50.000 28103124 245.00 245.00 £4.234.78 £4,234.78 FIXED INTEREST Treasury 0.125% Index-Linked Stock 22103129 65,000 65,OOQ 22109123 22103124 64.14 64.73 64.14 64.73 Treasury 10 Index Linked Slo¢k 2210412024 GBP 1000 35,000 22110123 175.00 175.00 Treasury 2.750 Gill Snr Bds 719124 GBP1000 Regs 50,000 07103124 687.50 687.50 Treasury Stock 0.125° 3110112024 35,000 35,000 31107123 31101124 21.88 21.88 21.88 21.88 Treasury Stock 0.250/0 31.01.25 75,000 75,(KlO 31107123 31101124 93.75 93.75 93.75 93.75 £1 222.63 £1,222.63
THE OLIVER FORD WILL TRUST Holding Date Gross Tax Overseas Tax Net OVERSEAS DIVIDENDS Bank of Arnerica Corporation USDO.01 Shares 1.700 1,700 1,700 1,700 30106123 29109123 29112123 29103124 293.54 331.25 317.37 321.28 44.03 49.69 47.61 48.19 249.51 281.56 269.76 273.09 BHP GROUP LTD NPV 3.000 3.000 28109123 28103124 1,922.23 1,688.95 1,922.23 1,688.95 Commonwealth Bank of Australia Ord A$2 1,150 1,150 28109123 28103124 1,436.20 1,267.68 1,436.20 1,267.68 Findlay Park Funds FP American Smaller Companies Fund US$ Class Shares 350 11101124 37.32 37.32 Guinness Global EqllY Income Fund Z Income Shares 2,500 2,500 31107123 31101r24 821.00 562.50 821.00 562.50 Heineken NV Eur1.60 500 500 02105123 10108123 537.31 295.53 80.60 44.33 456.71 251.20 Microsoft Corporation USDO.00000625 360 240 240 240 08106123 14109123 14112123 14103124 192.86 129.64 139.73 139.87 28.93 19.45 20.96 20.98 163.93 110.19 118.77 118.89 SEI Global Ma51er Fund PIC 3.700 12101124 505.72 505.72 Sequoia Economic Infraslruclure Income Fund LTD 50,000 50,000 50,000 50,000 26105123 25108123 24111123 29102124 859.38 859.38 859.38 859.38 859.38 859.38 859.38 859.38 £14,377.50 £404.77 £13,972.73
THE OLIVER FORD WILL TRUST Holdlng Date Gross Tax Overseas Tax Net OVERSEAS INTEREST CG Porlfolio Fund PIC Capital Gearing Portfolio 10111123 646.20 646.20 ISHARES USD CORP BD UCITS ETF GBP DIST HDG 9,000 9,000 9,000 28106123 31108123 27109123 423.00 93.38 456.30 423.00 93.38 456.30 Nestle Finance International Limiled 2.250/ Nol&s 30111123 40,000 30111123 900.00 900.00 £2,518.88 £2.518.88 PROPERTY INCOME DISTRIBUTION Supermarket Income REIT PIC Ord 0.01 Shares 50.000 26105123 750.00 750.00 Warehouse REIT Pl¢ Ord 0.01p Shares 40,800 40,800 07107123 06110123 652.80 652.80 652.80 652.80 £2.055.60 £2,055.60
THE OLIVER FORD WILL TRUST 21 Investments held at 5 April 2023 Invèstments htrld ats A ri12024 C05t or Market Value 2023 Adjusted Unreall8ed galnlllossl Holding Cost Holding Cost Value Aberdeen Diversrfied Income & Growth Ttust PIC Ord 25p Shares 40,000.00 50,301.00 33,120.00 Technoltyy TtU51 PIC Ord 25p Share& 25,000.00 3.63a.92 55,625.00 25,000.00 3,639.g2 55,625.00 86,875.00 31,2SO.00 Alphabel Inc Cbss A US$O.001 Capital Stock 400.(KJ 43,543.50 43,543.50 48,265.93 4,722.43 Aslrazeneca PIC Ord US$O.25 Shares 350.(KJ 36,270.75 30.270.75 37.170.fMI 11.1fMI.751 Aviva Pk Ord 32 17119p Shar&s 7,fKJO.00 29.407.88 31.OB4.00 7,600.00 29,407.88 31.084.00 37.270.40 6,188.40 Bank DfAmerit Cotporalion USOO.01 Shares 1,700.00 41,288.23 37.698.20 1,7tKI.00 41,288.23 37,698.20 49.923.62 12,225.42 Beazley Pk Ord 5p Shares 8,800.00 44,792.90 44.792.90 57.904.00 BHP GROUP LTO NPV 3,000.00 54,944.07 72.375.00 3,000.00 54.944.07 72,375.00 68,550.00 13.825.W) BPackRo¢k Conlinenial European Income Fund O 25,600.00 39,729.23 48,606.69 25.600.00 39.729.23 46,606.69 46.994.38 2,387.09 Blackrock Fun(S M8nagÈrs Ltd Corporale Bond S Inc 45.000.00 51,691.74 44.143.70 45.000.00 51.091.74 44.143.70 44.337.15 193.45 8P Plo Ord VS$O.25 Shares 7.OW.QO 42.348.52 37.359.00 7.000. 42.348.52 37.359.00 35.427.00 11.032.001 CG Portfolb Fund Lld Icyml Porttollo Fund NAV Shares 18.752.64 37.116.66 18,752.64 37.116.66 36,806.09 (310.571 Commonweallh Bank ofAuslralia Ord A$2 1.150.00 6.988.19 61.3gs.43 1,150.00 6.g68.10 61.395.43 70,697.68 9,302.25 Compass Group Pl¢Ord 11.05p ShgBs 3.300.00 19,487.08 66.825.00 3,3tKJ.00 19,487.OB 66,825.00 73,293.00 6,468.00 Diageo PIC Ord 28 1011108p Shares 1,700.00 12,226.SO 62,373.00 1,700.00 12,226.50 82,373.00 48,441.50 113,931.50)
THE OLIVER FORD WILL TRUST 21 Investments held at S April 2023 Investments held at S April 2024 C05tor Mark8t Value 2023 Adjusted M8rk8t Value Unreallsed Holdlng Cost Holdinu Cost Disney (Wa111 Co Ltd Common US$O.01 Shares 350.00 30.892.78 28.061.61 Flndl8y Park Funds FP Americ8n Smaller Companies Fund US$ Class Shares 1.(m.00 21.728.46 131.271.oe 350.00 7.604.06 45.944.87 60.127.42 14,182.55 IDveslfflenls Ask9 Pacifj¢ Legders Class B NAV Shares 14.(KJO.00 37,533.46 136,315.20 14,000.00 38,713.24 137,494.98 142,675.40 5.160.42 Forebn & Colonial Inveslfflenl Trust PIC Ord 25p Shares 12,500.rKJ 17,304.79 111,125.00 6,500.00 11,767.26 75,565.00 84,490.00 8,925.00 GSK PIC Ord 31 114p GBP IXLONI Shares 2,400.00 17,270.60 35,692.80 2,400.00 17,270.60 35.692.80 39,108.00 3,415.20 Guinness Gk)bal Equity Income Fund Z Income Shares 2,500.00 47.624.54 68,446.50 2.$00.00 47.624.54 66.446.50 73.679.50 7,233.00 HalÈon PIC Ord 1.25p Sh8fes 3,000.00 4.010.65 10.219.50 13.LKIO.00 37.287.90 43.476.75 42.387.LKI 11,109.751 Helneken NV Eurl.80 500.00 40,351.44 44.443.66 500. 40.351.44 44,443.66 37.351.78 17.091.901 Inlerconllnenlal Hotel Group PIC Ord 20 340fJ99p Shares 9.00 24.016.g5 47.486.16 OOQ.OD 24.016.a5 47.486.16 71.574.66 24.088.$0 ISHARES USD CORP BD UCITS ETF GBP DIST HDG 9,¢XIO.00 51,247.81 39,458.00 JPMorgan A$s?t ManagÈm&ni UK Lld US Equity Income Fund Income C NAV Shares 34,000.OD 50.442.9D 144,670.00 12,000.00 17,803.37 51,060.00 $4,948.00 3,888.00 Legal & Gener81 Group pfc Ord 2.5p Shares 14.500.00 40.356.11 34.046.00 14.500.00 40.356.11 34.046.00 36,409.50 2,363.50 MiGf050ft Cotporalion USDO.000(M)625 360.00 40.513.44 82,143.96 240.00 27,(KJ8.96 54.762.64 80,814.56 26,051.92
THE OLIVER FORD WILL TRUST 21 Invo$tments held a15 Aprll 2023 Inveslments held At 5 Aprll 2024 Cos¢ or Markel Value 2023 Adlusled Markit Value Unrt811$8d Holdlng Cost HoldSno Cost Moigan S18nley Invesimenl Funds UK) Global rands l Dis 2.000.00 21.129.92 74,428.40 2.000.iKJ 21.129.92 74,428.40 80,905.80 6,477.40 Naiional Gr1 PIC Ord 12 2041473p Ord Shares 4.876.00 36.722.05 55.050,04 4.876.OD 36.722.g5 55,050.04 50,369.08 14,660.961 Ne$ Flnance Iniemallonal Limiled 2.25* Noles 30111r23 40.1YJO.00 40.494.20 39.452.00 Nin8ty One Fund Manageis Dlverslfied Income J 2 Income Shares 56.$00.00 49,832.70 49,832.70 51,109.90 1,277.20 Phoenlx Group Holdings Pk Or 10p Shales 6.000.00 37,904.97 32,640.00 6,000.00 37,904.97 32,640.00 32.850.00 210.00 Ptudenli41 Pk Old Sp Shares 4,650.00 34,891.16 51,289.60 RalhbDne Elhical Bond InsblulN)Dal Inc so,000.00 49,561.97 41,1gJ.00 Reckill Yencklser PIC Ord 10p Shares 1,150.00 7,469.30 72,884.00 1.150.00 7.469.30 72.864.00 49,162.50 123.7Q1.501 Rio Tlnio PIC Ord Iop Shares 1,220.00 11.632.19 84.452.60 1.220.00 11,032.19 64.452.60 BU,688.90 (3.783.701 Sage Group Pk 1 4177p Shares 7..00 23.450.06 5e.535.5 7.604.00 23.450.06 58.535.59 94.821.88 36.286.29 SEI Glol)81 Master Fund P 3.700.00 4g,616.93 49.616.93 50.638.00 1,221.07 Seguola Economic Infr8$1mclur8 Income Fund Llmlled Class C Sliares 50,000.(M) 53,946.4g 40,7(KJ.00 S0,0(KJ.(KJ 53,946.49 40,700.00 40,700.rKJ Shell Plcclass B Ord Euro 0.07 Share5 3.400.00 33,004.26 80,342.00 3.400.00 33.004.26 80,342.00 94,520.tMI 14,178.00 Smith ID SI P Ord 10p Shares 8,272.00 27,360.12 25,43fj.40 8.272.00 27.360.12 25,436.40 33.915.20 8.478.80 SSE PIC Or($ 50p Shares 2.600.00 38.319.54 47,151.LKI 2.600.00 38.319.54 47,151.00 41.327.00 15,824.(M)I Svp¥Jmiaikel Income REIT PIC Ord 0.01 Shares 50.000.OU 52,563.50 42.300.00
THE OLIVER FORD WILL TRUST Investments held at 5 A Inveslmet)ts held at 5 A TS12024 Co$1 or Market Value 2023 Adlusted Market Volue Unreallsed Holdlng Cost Holdlng C08t Treasury 1 Indèx Llnked Slock 2210412024 GBP 1000 35.ODO.QO 33.989.26 33.989.20 34.949.25 059.99 Treasury 0.125% Index-Llnked Stock 22103129 65.ODO.QO 92.9DO.4 101.714.1Q 65.000.(K) 92,900.40 101.714.10 103.533.75 1,819.65 TaSury 2.75% Glll Snr Bds 719124 GBP1000 Regs 50,OLKI.00 49,398.55 49,398.55 49.5S7.45 188.90 Treasury Stock 0.25% 31.01.25 75,000.00 70.098.78 70,374.00 75,OOD.oo 70.098.76 70.374.00 72.397.50 2,023.50 Unilever Pl¢ Ord 3 119p Shares 1.800.00 23.637.66 77,103.00 1,800.00 23.637.66 77.193.00 69,066.00 IB,127.(MII Veolia EnvironmeDI Ord Euro 13.5 3,300.00 40,014.30 40,014.30 41,344.88 1,330.38 VH Global Sustainable Energy Opps PIC Qrd 0.01p Shares 50.(AJI.00 50,897.36 49,600.00 50.000.00 50,897.36 49,600.00 33,600.00 116.OLXJ.001 Warehouse REIT PIG Ord 0.01p Shares 40.800.00 43.856.37 42,921.60 £1.552.720.23 £2.564.733.26 £1.508.(M)2.26 £2.388.961.06 È2.553.188.44 È164.227.J8
THE OLIVER FORDWILL TRUST AcqulsitiOll5 Holding Date C05t Event Alphabet Inc Class A US$O.001 Capital Stock 400 05109123 43.543.50 Purchase Aslrazeneea PIC Ord US$O.25 Shares 350 15108123 38,270.75 Purchase Beazley PIC Ord 5p Shares 8.800 02108123 44,792.90 Purchase First Senlier Investments Asia Pacific Leaders Class B NAV 14,000 30109123 14,000 31103124 1,017.40 162.38 Accumulation Accumulation Haleon Olc Ord 1.25p Shares 10,000 15108123 33.257.25 Purchase Ishares USD Corporalion BD UCITS ETF GBP Distribution 9,000 31108123 93.38 Accumulation Ninely One Fund Managers Diversified Income J 2 Income Shares 56,500 23110123 49,950.11 Purchase SEI Global Master Fund PIC 3.700 27110123 49,616.93 Purchase Treasury Stock 10/0 Index Linked Stock 2210412024 GBP 1000 35,000 20104123 33.989.26 Purchase Treasury 2.75Yo Gill Snr Bds 07109124 GBP 1000 Regs 50,000 13110123 49,398.55 Purchase Treasury Stock 3110112024 35,000 20104123 34,038.89 Purchase Veolia Environment Ord Euro 13.5 3,300 15108123 40,014.30 Purchase £418 145.60
THE OLIVER FORD WILL TRUST Disposals Holding Date Market Value Proceeds Realised Proflu (Loss) Event Aberdeen Diversified Income & Growth Trust PIC Ord 25p Shares 40,000 13110123 33,120.00 30,614.20 12,505.80) Sale Disney (Wall) Co Ltd Common US$O.01 Shares 350 2W09123 28,061.51 22,555.00 15,506.511 Sale Find18y Park Funds FP American Smaller Companies USD 300 18105123 39.381.32 350 15108123 45.944.87 40,803.70 49,945.40 1,422.38 Sale 4,000.53 Sale Foreign & Colonial Investment TTUSt PIC Ord 25p Shares 4,000 17105123 35,560.00 35,604.08 44.08 Sale Ishares USD CorpL)rale Btsnd 9,000 13110123 39,549.38 35,762.71 13,786.671 Sale JPMorgan AM UK Ltd US Equity Income Fund Income C NAV Shares 10,000 18105123 42,550.00 12,OL)0 15108123 51.060.00 41,668.48 50.980.27 1881.521 Sale 179.731 Sale Microsoft Corporation USDO.00000625 120 17105123 27,381.32 29,645 62 2,264.30 Sale Nestle Finance International Ltd 2.25 10 30111123 40,000 30111123 39,452.00 40,000.00 548.00 Sale Ninely One Fund Managers Diversified Income J 2 Income Shares 56,500 29112123 117.41 117.41 Equalisalion Prudential PIC Ord 5p Shares 4,650 02108123 51,289 50 47,123.11 14,166.391 Sale
THE OLIVER FORD WILL TRUST Holding Date Market Value Proceeds Reallsed Proflu (Lossl Event Ralhbone Ethical Bond Inslilulional Inc 50,000 12110123 41,190.00 40.008.50 11,181.501 Sale Supermarket Inme REIT PIC Ord 0.01 Shares 50,000 12106123 42.300.00 40,602.41 11,697.591 Sale Treasury Stock 0.125 /. 3110112024 35.000 31101124 34,038.89 35,000.00 961.11 Redemption Warehouse REIT Pl¢ Ord 0.01p Shares 40,800 18110123 42,921.60 31,524.58 111.397.021 Sale £593.917.80 £571,955.47 £21.962.33