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-l￿daY 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 In￿b￿antS 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$166s and lo pay any such nominee r6asonable and
proper remuneratson for acting as such.
Invostm•nt Parformanc•:
On the advlce of our financial advisèfs our investments are wide rsnging and over the years. the Income has
remained laiily constant in spite ol lh& volalilily of Ihe slock market. W8 are satislied that in lh¢ context of the
current financial situation our invaslments have remained sound although we are open lo any suggestion for
change we may hear from our advisors. We aim as 181 as possible, 10 give away Ihe whole ol the yearfy incom
nd grants are adjLEsled in keeping with the income av8ilable.
AchI9￿ments and Performance..
Ouring the period the Truste85 hava conlinu8d th8ir policy of making regular and con$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 be￿een £500 and £2,500. Ona material donation wa8 made in th8 por￿d, £20,000
to LINX Christian Youth Tru$l, To￿aY.
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 stat￿n6nts 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 poliC￿S 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$ed and explained in the
Ilnancial 51atem¢nls', and
p￿pare the flnancial statements on the golng ¢oncèrn basis unl•8s11 is inapproprlale to
presume th81 thè Chaflly will remain in oparalion.
The Trustses are responsible for keeplng accounllng records which disclos8 wllh reasonable accuracy Ihg
financial position of th6 Charity and whlch enable them to ensure that the financbal position of the statements
comply with the regulations under S145151{bl of the Charities Act 2011, Stalemenl of Re¢ommended
Practice Accounting and R8porting by Charity'es preparin9 theif accounts in accordance with Financlal
Reporting Standard applicable in the UK and Republic of Ireland FRS102, bolh made under Part Vl.
Thèy are also responsible for safeguarding the Charlly's assets and hence for taking reaGonable Steps for the
prevenlion and detection of fraud and othèr Irfegularilies.
The Trust80$ ¢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 cUf￿n11Y 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 Cha￿ty 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 LIablI￿les.
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: Un￿81rIctQd
Funds Carrled FO￿ard
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
T￿Ognised 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 a￿rdart￿ 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
Rèsourc*s 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 a￿untabIlity 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$$et Investments
Investments are a form of basic financial instfument and arè initially recognised at their transaction value and
subsequently measured al their fail value as at the balan¢e sheet date using the Closing quoted market prie8. The
statement of financial aclivttÈes includ9$ the not gains and losses arising on revaluation and disposals throughout
the y8ar.
The Tru31 d¢xis not awuite put options, derivatives or other compEgx financial instruments.
The main fomi of financial risk fa￿d by the chartty is that of volatility in equity mstkets and investment markets
due to wtder eeonomlc conditions, the attitude of investors to investment risk, and changos in sentiment
concerning equlties and within partlcular $o¢tors or sub sectors.
In
Galns and10$$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 - Medi￿1 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 recip￿nt 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 L￿Uld 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$lod on a ro¢r*3nt59d stock exchange
Cr•dltor#:
Folling due within one year
A¢Munt8n¢y Fees
£1,104
£1.050
Funds:
Unrgslricted Income FLsnds'.
Balanc8 bToughl foThvard
3,484,158
3,576,984
Nel In¢oming Resources for the period
123,772
112,826
Balance carrled forward
£3,340,386
£3,464.158
Th8 lund includ85 unrealised gains on Inveslmenlg of £560,57312023.. £500,gs61
Re8trlcted and Unre8trlcted Funds..
All assets and liabilities felale lo unieslrl¢led funds.
10
Related P•ty Transactlons and Trusteo's Exponsg$ 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 qu*nlified.
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