The Forest Hill Charitable Trust Accounts for the year ended 5th April 2024
The Forest Hlll Charltabl• Trust Trustees. Re ort ar ended Sth or the rll 2024 The Trustees present their Annual Report and Financlal Statements for the ar énded 5th April 2024. Full Namg ol ChaTIty: The Forest Hill Charitable Trust Charlty Reglstratlon Number: 1050862 Govgmlng Instrumont: Trust Déèd dated the 6th November 1995 as Amended 2nd May 1997 Organlsatlon typo: Unincorporatod charity Tho Trustsos whts #•rved durlr¥g the p8rlod- RSPila M Thomas Mrs M S Tapper {Secfetary) S•u•t•ry ta tho Tru$t•t$: Mrs M S Tapper Prlnclpal addre88 of Chorlty; The Bluff Treknow Tiniagel Cornwall PL34 OEP Accounlants: ATC Advisor Unil 2 Dunheved Court Pennyglllam Way Laun¢eston Coinwall PL15 7ED 8ank•r4: Ltoyds TSB 2 Pala Avenue Palgnton Devon Stockbrok•rs: James Hambro & Company L 45 Pall Mall London SWIY 5JG
The Forest Hill Charltable Tru For the earonded 5th rll 2024 Ethos, Ajms and ObJ•ctlvè$ for tho publ1¢ b•n•fft: As the Trust is a Christian trust the majority of our support 1$ direoled towards Christian organisation$- however. a good number ol sècular ones also bènefll from regulaT grants. The objectlves of the Trust are to provlde regular financlal he lo recognised land so far accredited) chantable organisations engaged in.. Bringing help, relief, guidance. advice and sustained 8UPPOrt to the physully, mentslly and emotionally disabléd. Providing g•noral help and $upport in th• d8prived arèas of thè wortd, in terms of medtcal servlces, food, clean water. education, bettèr crops, d9velopment of lo¢al indu$lri8$, third world tèchnology Otc. ProvKling emergency reli6f in war or disaster zones. Impfoving the quality of life and prospects of children In the UK and worldwide. Rehabilitating Res¢donlial Cenlres for victims of drug addiction Runnin9 courses of'dru9 awareness. for youn9 people Providing support and resplte for'Car8rs' Supporting, ¢oun5elling and providing medl¢81 help in the UK for victims of torture. Supporting Christian victims of perseculion in certain p8rt5 of the workl. Pioviding free medical, surgical and d8nlal services in areas of the world where Such facilities are inadgqualè or do nol ¢xi$t Funding research and treatment of certain medical conditions including AidslHIV. Helplng people to manage and clear their debt problem. Supporting Farming and Fishing ¢ommunitias in the South Wesl The Tru818UPPOrt8 a Team of Youth Workers in the Torbay ar8a. Supporting victims of trafficking and modern slavery. We confirm that wg keep in mind the Charity Ccmmi55ion's guidanc• on public benefit when decidlng the org8nisalions that should benefil from our grants. Monltorlng of khl•v•m•nt¥: What is being achKgved 15 found in the hundreds ol letters of acknowla¢Jg•mènt r•célvad from the Organl$alion$ we support, together with reports of their activities published rg9ulaily in Ihgir m8gazin8s, pamphléts and bro¢hur•$. Ovpr tho years. only a h8ndlul have lost our support. StNcturo, Govgrnan¢¢ & Management: The Trust wa$ ¢onslitutsd under a Deed of Trust datsd 6 November 1995. It was established Initlally through a glft made by Dr. H,F. Pile. In the followin9 months, both Dr H.F. Pile and Mr5. P,J. Pile made further gifts, Very subslant4al donallons were made In December 2001 and, in March 2004, by Mrs. P.J. Pile al the death of her mother. Tha Trust doès not actively lund ralsé but relies on incomè g8neraled from a broad Tange of investments. These were Originally established by Mes8rs. Calkin Pattinson and more rè¢ènlly. man*géd by Jamas Hambro & P8rtn8rs, 45 Pall Mall, London, SW1 Y 5JG. We are grateful lo Mr. lan Calkin and lalgr lo Mr. Chados Calkin for their help and advi¢è. Th8 Chalfman 8nd the Secrétary are In regular contact wllh Mf. Charles Calkin. The Trust Deeds provtde for a minimum of 3 Trusl¢os. The power of appointmont was vested in Mfs. P.J. Pil? for her lrfellme. Foll(Iwlng her death in June 2023, power of appolnlmenl Is now invesled in Ronald Pile. Trustees are family members devoted lo the cause. Expertise or special skills are not partlcularty required in our type of organisalion. Al the biannual meetings. the Trustees revtew the currenl financial silualion, together wllh the broad strategy. The daY-ldaY administration ot gran18 and the handling of gpplicalion$ are now deleg81ed to Mr M Thomas and Mrs M S Tapper. As Trustees we regularly examine th6 aims and objects.ves of each of the 140 or so organisation$ we support as well as thè latest Teport3 on their vaTiOUS acts'vities. Vve are generally enGouraged by what is being achieved and therefore plan to continue with the present policy.
Thè Forest Hlll Charltsbl• Trust Trnstees. Re ort arended 5th For rll 2024 strucluro, Govemanco & Managemont (contlnuod): In July 2017 th$3 JH&P Di8crelionary Management Team took over the manag8mènl of the Trust Funds. This team nsIsts of M5 Nicola Barber (Head of Chari118s) and Chade8 Calkin (Financlal Planning Consultanll. Spèclflc Investmont Powers and Pollcy- To invest the Trust fund in the purchase of, or intérést on the security of such stock8. shares, securities or other investments or propety of whatever nature and whéraver slluated. as the Trustees in their absoluté discrelign think fit. to the intent that Ihe Tru$le88 shall havè th6 same full and unre8lricled powers of Inve$tlng and transposing invoslmanls as il Ihey were bengficigtty enlltled to the Tw$1 fund. To pefmil any InbantS comprised the Trust fund lo be held in the name of any dearing bank, any Trust corporalion or any stockbroklng company which is a mèmber of the Stock Exchange IOT any subsidiary of such a stockbroking company) as nominee of thè Tru$166s and lo pay any such nominee r6asonable and proper remuneratson for acting as such. Invostm•nt Parformanc•: On the advlce of our financial advisèfs our investments are wide rsnging and over the years. the Income has remained laiily constant in spite ol lh& volalilily of Ihe slock market. W8 are satislied that in lh¢ context of the current financial situation our invaslments have remained sound although we are open lo any suggestion for change we may hear from our advisors. We aim as 181 as possible, 10 give away Ihe whole ol the yearfy incom nd grants are adjLEsled in keeping with the income av8ilable. AchI9ments and Performance.. Ouring the period the Truste85 hava conlinu8d th8ir policy of making regular and con$islenl donations lo approximately 128 Charlties on a monthly basi8. The aim is lo donata the malorlty of the monthly income received from tho widely based portlolio, The Trustees are kept Inlomwd on the acliviligs of th& Charllles concerned through their r8gvlar reports. The aveTage donations are beeen £500 and £2,500. Ona material donation wa8 made in th8 pord, £20,000 to LINX Christian Youth Tru$l, ToaY. Flnanclal Revl•w . The total donation5 pald oul by the Charlty In the ygar w•r• £174,000. Investmenl income of £57.565 was received. The claslng value of Investments have fallen this year by £38.08312023.' incre8$8 of £32,071) despite In¢re8se in the market value of the closing sharaholdlng lincrease of £60,671) wh8n compared wllh those held al the end of the previous yoar. Before taklng Into account tha net loss on revaluatlon of inveslmenl Assets thera was a deficit of £184,44612023: £81,340 deficit). Net a5&e15 have fallen by £123,772 (2023.. £112,826 docrease) as the valua of lh8 granlg paid out &x¢eeds tho income recelved through invaslménts and galns on the disposal of investments again this year. The Tw3lee8' aim Is to maximise inveslmgnt in¢om• In order to enable significant charilablo donallons to be made, Future Developments: The Trustees do not anticipate any ¢hanga to th8 ChariW8 objectives in thè foreseeable future and will continue to make charitable donation$ so out of Its income whilst maintaining th8 underlying value of its investrnonts.
ThoF Hill leTT Trustees. Rè ort oar &ndèd 5th rth 24 ReseNes Poll¢y: The Trustees have sel the minimumlgvel ol r¢s¢rvès al £3,000,OOD. This level is considered important to maintain the Trust's ability to make grants out of incomo in futurè yèars. Al the 5th April 2024 the Charity's reserves were £3.340,386 {2023-. £3.464,1 S81- Trustees Regpon8lbllltlwd', Thg TrLtsteès are responsible for preparing the financial statn6nts in accordance with applicable law and accounting Standards {United Kingdom Generally Accepted Accounllng Practic61. Law applicable to Chafili¢s in England and Wales requires the TNStees lo propar6 financial slalemenls for each financial year whi¢h give a true 8nd fair view of the Charity's financial activities during the year and of its lir4ancial posilion 81 the end of the year. preparing linan¢ig1 statèmants whlch giva a tfue and fair view, the Trustees should follow bes1 practice and.. sele¢l suitsble arxounling poliCS and apply them consistently.. mBke judgements an¢J esllmales that are reasonable and prudent., 51ale whéthèr applicable accounting standards and statements of recommended practice have been lollowod, sybj•ct to any material departures di8clo$ed and explained in the Ilnancial 51atem¢nls', and ppare the flnancial statements on the golng ¢oncèrn basis unl•8s11 is inapproprlale to presume th81 thè Chaflly will remain in oparalion. The Trustses are responsible for keeplng accounllng records which disclos8 wllh reasonable accuracy Ihg financial position of th6 Charity and whlch enable them to ensure that the financbal position of the statements comply with the regulations under S145151{bl of the Charities Act 2011, Stalemenl of Re¢ommended Practice Accounting and R8porting by Charity'es preparin9 theif accounts in accordance with Financlal Reporting Standard applicable in the UK and Republic of Ireland FRS102, bolh made under Part Vl. Thèy are also responsible for safeguarding the Charlly's assets and hence for taking reaGonable Steps for the prevenlion and detection of fraud and othèr Irfegularilies. The Trust80$ ¢onfirm that they have complied with th8 2011 Charili•$ A¢1 to have duè règard to guklance published by the Charity Commission. The Trustees confirm that the financial slalgments compty with the statutory requirements. the 9overning document and the SORP. Volunteers The Charity 15 reliant upon the Trusteès. who glve their time free of charge. The Trustees carry out thè day to day runnin9 of the Charity and wilhoLEI their support the Charity would be unable to operate. Rlsk Mltlgallon The major nsks lo whlch the Char¢ly is exposed, a5 identified by th6 Trusts&s, continue to be revlewed and systems have been eglablished to mitwale th03e risks. The Trustees consider the variability of investment retums lo constitute the Charity's malor financial fisk and recent exlTem8 volatility in world stock markels has demonstrated this risk. Through the use of a Financial Advisor and a varied portfol¢o the Trustees consider the risk lo be reduced.
Th Forest Hlll Charltable Trus tees. Re ar ended Sth For thg ri12024 Grant Making Pollcy On the formation of the Charity Ihe Twslee$ de¢ided that they wanted lo support as broad a base of Registèréd Charities as is manageable. These were split into monlhly lisls and a re9ular yearly donation to each cause was established. The Charit$ Ihat wera chosen represented those that thè Trustees fell were particularly worthy. The Trustees make general grants lo the Charities rather than grants for specilic projects. Charltss send the Tnjslees regular reports and newsletters in order to keep the Trustees fully appraised of their on-going work. Gonerally speaking, thé Trust has been unable to accept nèw réquests for some time. Howevèr, the Trustees will be meeting bofore the end of 2025, specifically lo rovi8w all Charl&S cUfn11Y supportod lo detsrmine whether the Trust shoukl conts'nuo wtth their currenl list. (The charities havè béènlwlll be advised of this revi8w, and Invitsd lo let th8 Twst know how their donations are making a differencè to those the charities support). If it is fell any should be removed from the current list. they will be rgplaced by a new Chaty from an 'approved' walling list. The Charity's finan¢ial slalemenls comply with the current slalulory requlremenls, the Charitvs govefning documents, and th• SORP FRS102 wlth Update Bulletin 1 And Update Bullelln 2 Approvad on behalf ol the bosrd of Trusl8es'. M Thomas Ii((IL M Tappor Dat8:
Inde endent Examlners Re ort to the Trustees of The For85t Hill Charitable Trusl r ended 5th r112 24 Rospectlve responslbllltle3 of trust8e8 and examlner The charity's Iruslees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of Ihe Char¢lie$ Act 2011 (the Chari118s Act) and that an independent examinatiors is needed. It is my responsibility to.. examine the accounts under section 145 of the 2011 Act, to follow the procedures laid down in the general Directions given by the Charity Commission lunder section 145(5){bl of the Charities Act, and lo slate thether particular matters have come to my attention. Bas1$ of Independent examlner's statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accountts Pfe$enl8d with those rewrds. It also indudes consideration of any unusual items or disclosures in the accounts. and seeking explanalions from the trustee5 concerning any 3uch matters. The procedures undertaken do not provide all the evidents that would be required in an audit, and eonsequenlly no opinion 13 given as to whether the accounts present a 'lrue and fair. view and the report is limited lo Ih05e matters set out in the stalemenl below. Indepondont examlnorf8 St•t8m0nt In connection with my examination, no matter has come to my altenllon 1 which gives me reasonable cause to believe that in, any material respect, the requirements., to keep accounting records in accordance with section 130 of the Charities Act., and lo prapare a¢¢ounl$ which aexord with the accounling records and comply with the accountlng requirements of Ihe Charllies Act have not been met; or 2 lo which, in my opinion, allention should be drawn in order lo enable a Propèr understsnding of the a¢count$ to be reached. Mr8 SA Gay FCCA for and on behall ol ATC AdvF$ors Unll 2 Dunheved Court Pennyglllam Way L8unce8lon Cornwall PL15 7ED
har of Flnancl I ar ond•d Total Unreslricled Funds 2023 Total Unr8$liict6 Fund$ 2Q22 Notes IncomSng Resources Income from Invesbnonls 57,565 45,032 Total Incomlng Rosourcgs 57.565 45,032 R•sources Expend•d: Charitable Activities Govemanc& cosls 174,000 28,496 185.500 29,141 Tolal R•Jourc•• Exp•nd•d 202,496 214,641 Net outgolng r•sourc•g b•foro In¥o8tmont galng111099•91 1144,9311 1169,6091 Nel GainsllLosses} on Inveslmenls Nèl GainsllLosses} on revalualion of Inveslmenl Assels 139,5121 60.671 21.159 88,269 31,486 58.783 Ngt Movgm•nts In Ftsnd8 {123,7721 1112,8261 R•con¢lllatlon of fund8: Fund balance brought forwafd 3,464,158 3.576,984 Fund balanc8 cafried foTh¥ard £3,340,386 £3.464.158 Th& noles on pages 9 10 15 fomi part of these Finandal Statements
t Hlll ritable Tr ement of Flnanclal Posltlon 20 2024 2023 Note5 Flxed A8¥01s: Investments 3,300,371 3,336,454 Current Assets: Cash at Bank and in Hand 41,119 128,754 Curront LIablIles. Amounts falling due within one year. Creditor8 1,104 1,050 N8t Current A85815 40,015 127,704 N•t As8ots £3,340,386 £3,464,158 Funds: Un81rIctQd Funds Carrled FOard 3,340,386 3,464,158 £3,340,386 £3 464 158 Approv8d by the Board of Trusteès on .R4 ..J 2024 and signed on its behalf by.. M Thomas Trust00 The notes on pages 9 to 15 form part of these Financial Statements
The Fo le Trust Notes to the Flnanclal Statements For Iho oar •nded 5th A rll 2024 Accountancy Pollclos". (a) B•81$ of prèparatlon and assotysment of golng concern Tho accounts (finawal slalementsl have been prgpar8d under the historlcal cosl convention with iterns TOgnised at cost or transaction value unless othewils8 Stated In the relevant not8181 lo these accounts. The ac¢ounl$ Ifinancral statsmenlsl have been prepared in a¢¢ordanc8 with Ihe Stalemenl of Recommended Practice.. Accountlng and Reportlng by Chorftl89 pr8partng their acco(tnl$ in ardart with the FinanaaS Reporting Standard appll¢able in the UK and Republic of Ireland IFRS 1021 issued on 16 Jufy 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021 and the CharitSes Act 2011 and UK Generalty Acw>lèd Practic as11 ap¥85 fr( 1 January 2015. The 8ccounts Ifinancial 81atementsl have been prepafed to give o 'lrue and lair, and have departed from the Charities (Accounts and ReFM)rtsl Regulaiions 2008 only to the extent requifed lo give a'lrue and fairf view. This departure has involved following Accounting And Reporting by Chalits'os preparing their a¢¢ounls in accordance with the Financial Reporting Standard applicablfr in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 rather than the Accounting and Reporting by Charities., Slalernenl of Rg¢ommended Practice effective from 1 April 2005 which has since been withdrawn. Tha trust constitutes a public benefil entity as defined by FRS 102. Thg IfUSt888 Gonsider Ihal Ihefe ara no matsrial un¢ertainlies about tho Trust's abillly to conllnue a8 a going concern. Ibl Incomlng rgsource Investment income 1$ a¢counled for in the period il is rec8iv9d. 1111 Donations and 18gacies received are recognised irts Ihe finan¢ial Statements when they are received. Illil Gifts are re¢ognlsed in the fin8ncial slalemenl$ al the date Ihey are made and are Included at market value. No in¢omlng rosourc•s ar• daferred. {c} R080urce¥ oxpendod Rèsourcs expended aro r¢¢ognl$¢d within th8 financial statements a$ soon as the obligallon ar48e8. lil Grants pakl are rfjco9nised in the flnancial slat8m&nls when they ale apprrived by the Trustees lill Governance ¢0$18 are recognis¢d In the flnan¢ial $tat8mnls as soon as th8 obligatson arises. Costs allo¢ated lo thi$ he4dlng are actual. There 1$ no apportionment of costs. (lill The irrg¢ov8r*ble elèment of VAT is included wilh the Item of expens8 to which il relal8S. (d) Govgrnante ¢08t8 Governance costs CQmPTise all costs involving the public auntabIlity of the Charity arHI its Complian wilh regulation and good pra¢li¢g. These costs includ8 costs relating lo the independent examination #nd Accoun18 preparation.
Th• Forest Hlll Chafltabla Trust Notss to the Flnanclal Statements For the oar ended 5th A rll 2024 {el Flxed a$$et Investments Investments are a form of basic financial instfument and arè initially recognised at their transaction value and subsequently measured al their fail value as at the balan¢e sheet date using the Closing quoted market prie8. The statement of financial aclivttÈes includ9$ the not gains and losses arising on revaluation and disposals throughout the y8ar. The Tru31 d¢xis not awuite put options, derivatives or other compEgx financial instruments. The main fomi of financial risk fad by the chartty is that of volatility in equity mstkets and investment markets due to wtder eeonomlc conditions, the attitude of investors to investment risk, and changos in sentiment concerning equlties and within partlcular $o¢tors or sub sectors. In Galns and10$$o$ All galn$ and 1053e$ are tsken lo the Slalement of Finan¢ial Activities as they aris8. Realised goins and105ses on invastmenls are calculated as the difference betwe8n sal88 procee(Is and the opening market value (purchase dal¢ if lalerl, Unrealised gains and lossos afe calculated as the diffgren¢e betr4eon the market valug at Ihg yeaf ond and the opgning market value lor PUfchas8 dale if lalerl. Realised and unre8llsed gains 8re not geparaled in the Slalemenl of Financlal Actlviiies. Igl Fund8 The only fund wllhin these finan¢tal slalem&nls 1$ the general unre$lri¢ted fund. {hl Debtors and Credltors Debtors are idèntifièd as tax deducted by HMRC at source on Investment Income, whlch is due back lo th• charlty. Credilors are 8mDunts identified 49 outsl8ndlng at Ihe yeaf end, Investmenl Income: 2024 2023 Dividends Receivèd InlèTè$l Reeeived 55,390 2,175 £57,565 35,327 9,705 £45,032 The Investment income arose from the Investments a$ detailed in nol& 6. 10
The Forest Hlll Charltsblo Trust Notes to tho Flnandal Statemènts For the èar ènded 5th A rll 20 Charltablo Expendlture: Grants P•yablo 2024 2023 Soclal Time for Familles Famlty for Every Child Chri$lians Against Poverty Prison Fellowship EvarvJelical Housing Assodalion Hebron Trust Emmaus School Friends ol Factory Row Whitefield Christian Tru81 Farm Crisis Netsyo Caring lor le The Royal National Mission to Deep Sea Fishermen Siloam Chri$lian Minisliie$ CR2EE Magdatene Group Family Adion Opon Doo(s Exmoulh Refugeè Info Bus Crisis al Christmas Amber City Life Sl Martin in tho field Appeal Hearing Dogs Walk Mini51ries Rèèngagg Sl Peliocg Shelter Prison Advice & Cara Tfust Thelr Voice 2,000 2,000 1,000 1,000 1,500 1,000 2,000 2,000 2,0 2,000 1,OLX) 2.000 1,000 1,OC 1,5 1.0¢)0 2,000 2,000 2,000 2.0) 1,000 1,000 1,000 1.000 500 1,000 1,000 1.000 1,000 1,000 1.000 1,000 1,000 1,000 1.000 1.000 1,000 1,o¢JO 1.0 1,¢XIO 1,000 1.000 2.000 30,000 32.500 Edu¢itlon Seelng Ear Compass Brai118 Child Hope Mulberry Bush School Dhaka AhB8nia Mission 1,000 1,000 1,000 1,000 1,000 5,000 1,000 1,000 1,000 1,000 5.¢XIO
Th rest Hill le Trus test For the ear ended 5th A ril 2024 Chrlstlanlty The Navi9alo Crosslinks Inlerserve Slaw¢ Gospel A550cialion Youth for Christ The Soldiers, and Airmen's Scripture Readers Assoc. Ro1ga$8 International Marilyn Baker Trust Tear Fund LINX Open DooTs Oulrea¢h UK Premier Chr¢$tian Radlo Barnabas Fund Frontier Youth Trust Church Mission Society Thè Biblé Society Plymstock Chapel SAT7 Revwal Movement A$so¢iallon Walk Through the Bible ChT181ian Vision for Men Latin Llnk United Chri¥lian 8roadca¥t8r8 Christian Worker5 Relief Fund UFM Worldwlde Scriplufe Union The Bible Neh¥ork Coynlies Stewardship USPG ECM 1,000 1,500 2,000 1,000 1,000 1,000 2,000 500 1,000 20,000 1,000 1,500 2,000 1.000 1.000 1,000 2.000 500 1,000 20,000 2.000 1,000 1,000 1.000 2.000 1.000 1,000 1,000 1,000 1.000 1,000 1.000 1,000 500 1,000 1,000 1,000 1,000 2,000 2,000 1,000 2.000 2.000 1,000 1,000 500 1,000 1,000 1.QQO 1,000 2,000 1,000 2,0¢)0 1.000 1,000 s,o)o 2,000 500 1.000 1,000 66,000 Treasures In Heaven Wyeliffa Quanlock Ministri95 Monadua Managemonl Trust Sport Chaplaincy 500 1,000 1.000 62,000 12
The Fo harltable Trust Notes to the F ial atements For th ar ended 5th A 112024 Charltable Expendtturo: Grant$ Payable l¢ontl 2024 2023 Health and Resplts Carg Starfish 8.l.R.D Keychange Charity Oasis Medlcal Missionary Nèws Crossroads C¢)unselling BIBIC Free from Torture - Medi1 Foundation Mercy Ships Chfi31ian 81ind Mission Care for V818rans Anglo Pèruvian Chlldren's Charity Hope Now M8rtha Tru¥l Canine Partners LN8bilily Royal Star and Garter Hom&$ The Leprosy Mission Mission Aviation Fellowship Marie Curie Cancer Care Devon in Sight Mental He811h As$ocialiDn Respite Association Ambitious About Aukn'sm Rowcroft Hospice Go! Sign Kids Konnect EMMS Mildmay Ho8ptt41 Dontatd Tenovus DEBR4 Tiny TIM Kingsrnill Trust David Livingstone Enham Trust MEM Childrens Hospice SW Carers Trust Yedall Centre Step On& Th8 Salvatlon Army Speech and Langua9e UK 1.000 1,000 2.000 1,500 2.000 1,000 1,000 2,000 2.000 1,QOO 1.000 1,000 1,000 2,000 1.000 1,000 2.000 2.000 1,000 2,0 I,o(K) 1,000 1,OCw) 1.000 1,000 1.000 1,OLTh) 1,01]0 1,500 2,000 1.000 2.000 1,000 1,000 3,000 1,000 500 2.000 2,000 1,CQO 2,000 1,000 1,000 3,000 1,000 2,000 1.0 1,000 2,OCW) 2.000 2,000 1,000 500 500 2,000 1.000 1.000 2,000 2,OOa 1.000 1.000 1.000 2,000 57,000 1,000 1,000 2.000 2,000 1,000 1,000 1,000 2,000 13
The Forèst Hlll Charltable Trust s to the Financial Statern For thè ear ended 5th A rll 2024 Charitable Expendlture: Grant$ Payable (cont) 2024 2023 Forolgn Rellef The Karen Hill TTibe8 Tfust Soteria Trust Concern Worthide Ethiopaid Hand in Hand Christian Solidarity Worldwide Womankind Wartdwidè World Villages For Children The Peace and Hope Trust Novi M05t Change a Chèpt61 christian vision for Men Overseas Project Hope United Mission lo Nepal Hospilals Endowm¢nl Fund Send a Cow 1,OQO 1.000 8.000 2.000 1,OlJO 2,500 1,000 1,000 1,000 1,OOD 2,000 1.000 2,000 1,000 1,000 1.000 2.000 1,000 2,000 1,000 19,500 25,000 £174,000 £185,500 Althtsugh somè organisalion8 wwe given more than one grant, each of the gfanl$ were for the general purposes of the recipnt organi$olion, NumbeT of in8tilution81 grants 121 123 Govornanca costs: 2024 2023 Investment Adviser Fo98 Accountancy Feès Independent Examlnalion Fees 27,392 28,091 650 400 420 £28,496 £29 141 Taxatlon There is no charge lo taxation ail$lng In respect of any ol thé activillos of thè Charity by way of It8 Charitable slalus. Flx•d A•sot Inv¢•tment4: 2024 2023 Mathel value brought forward al 6 April 2023 3,336.454 3.304,383 Less-. Sale of shares 11,009,609) {1,024,5781 Add., Net gainlllossl on revaluation G*lnllLos$l on disposal of 8h8ra8 PL¢rchase of shares Excess reportBble income 60,671 {39,5121 945,289 7,078 131,487) 88.269 999.867 Market valug as al 5 April 2024 £3,300,371 £3,336,454 14
Tho For•st Hlll Charltable Tntst Notes to tha F rnents ear ended 5th A rll 2024 Flxed A88et Investments contlnued: 2024 2D23 Market Value Market Value Cost Brown Advigory US Mid Cap Growth Fund Relx NV Visa Inc C¢Jm Stock Marshall WaGe LUld Alpha UCITS Fund Sony Corporallon Sequoia Economlc Infrastructure IrKome Fund Schroder Asion Income Fund Z £ Inc Fidelity Emerglng MaFkets Focus Fund W Lazard Ralhmorè Alternative Fund Microsoft Cofp Gom Alphabet Inc C Shares Lyxor Tiedemann Arbilrag8 Strategy Fund I Mondelez International Inc CG Portgoliti Dollar Fund ISha s US$ TIPS ETF Woildwide Healthcare Trust PI¢ Next PIC Compass Group PIC Ord 11.05p Schroders Ener9y Tfansilion Fund £ In¢ Rio Tinlo PIC Ofd 10p JPMorgan Cha$9 Com US$1.00 Thefmo Fisher Scienliftc Inc US$1.00 Inluilive Surgical Inc US$O.001 Linde PIC Sika AG TJX Companies Inc BH Absolule Return Government Bor KLS Arele Macfo Fund InvesGo Physi¢al Gold ETC US$ Ilfelandl Union Pacilic US$2.50 Vinci SA UK Treasury Stock 0,25Vo SPDR S&P US Dividend Arltocrats ETF US£ Nestle SA CHF1 ClearBridge Global Infrastructure Inc Fund I Shell Pl¢ Ord UK Treasury Stock 1°h 3110112032 Bla¢kRock Stèrling Liquidity Fund £ Inc Ishares US$ Treasury 7-IOyrg ETF £ Hedged 41,095 56,398 64,073 108,537 79,376 59,286 104,078 83,160 77,334 61,608 75,798 98,074 63,024 142.507 169,359 46.800 52,713 63,569 97.704 43,853 47.098 58,132 49,683 64.135 46,746 54,158 75,460 26.972 172.053 42,870 41,143 93,292 81,668 48,931 76,895 69,819 108,099 150,000 137,095 £3,032 595 34,997 23,793 93,311 40,213 71.298 64.699 112.342 73.410 87,922 104,819 62.018 23,525 35,485 93.291 82,142 85,842 93,752 105,467 49.379 43,921 73.231 69.058 49,448 46,589 44.913 42.142 45,922 46,501 43,563 73,035 30.121 117,817 56,323 35,074 103,470 41.290 71,870 57,322 73,751 82.685 52,382 66,264 80,103 30,850 159.626 59,350 43.666 92,388 65.549 177,569 90,thJO 255,489 246,689 £1.911,380 £2 432 221 82,134 165,811 15
The Forast Hlll Charltablé Trust Notes to thè Flnanclal Statementg For the ar endod 5th A rll 2024 Flxed Asset Invgslm¢nt$ wntlnued: 2024 2023 Market Valu8 Market Value Cost Carried foward Charles Schwab Corp UK TTea$ury Slo¢k 0.875% 3110712023 T Rowe Piic8 Health Sciences Progressive Corp AIA Group Ltd HK¥ Ashtead Group PLC Danaher Coip US$ Amazon.¢om Inc US$ Assa Abloy AB B Synopsys Ishares USS Treasury &7yrs ETF Polar Capital Global Technology Fund 1,911,380 2,432.221 3,032,595 227,061 76,798 193,883 48,000 48,886 58,215 SS.420 58.647 56,112 49,190 41,954 116,328 101.785 195,063 51,216 75,956 45.567 60,167 56,991 76,113 48,774 40,955 115,820 101.528 £2.739,800 £3,300,371 £3,336,454 All the 8bove investments ara li$lod on a ro¢r3nt59d stock exchange Cr•dltor#: Folling due within one year A¢Munt8n¢y Fees £1,104 £1.050 Funds: Unrgslricted Income FLsnds'. Balanc8 bToughl foThvard 3,484,158 3,576,984 Nel In¢oming Resources for the period 123,772 112,826 Balance carrled forward £3,340,386 £3,464.158 Th8 lund includ85 unrealised gains on Inveslmenlg of £560,57312023.. £500,gs61 Re8trlcted and Unre8trlcted Funds.. All assets and liabilities felale lo unieslrl¢led funds. 10 Related P•ty Transactlons and Trusteo's Exponsg$ and Remunoratlon., The trustees all give freely Ihgir time and expertise without any fomi of remuneralion Of olher b•nefil in cash or kind 12023.. £niF). No entries havè been made in the financial statements to roftect this as th8 amount cannot be qunlified. No trustee expenses were incurred in the year (2023-. £nil}. Ther9 have been no f8laled party transactions in the reporting TIOd that require disclosure. 16