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The Forest Hill Charitable Trust

Accounts for the year ended 5th April 2025

‘

Trustees’ Report For the year ended 5th April 2025

The Trustees present their Annual Report and Financial Statements for the year ended Sth April 2025.

Full Name of Charity:

Charity Registration Number:

Governing Instrument:

The Forest Hill Charitable Trust

1050862

Trust Deed dated the 6th November 1995 as Amended 2nd May 1997

Organisation type: Unincorporated charity

The Trustees who served during the period:

RS Pile M Thomas C Tapper (appointed 02.04.2025) Mrs M S Tapper (Secretary)

Secretary to the Trustees:

Mrs M S Tapper

Principal address of Charity: The Bluff Treknow Tintagel Cormwali PL34 OEP Accountants: ATC Advisors Unit 2 Dunheved Court Pennygillam Way Launceston Cormwall PL15 7ED Bankers: Lloyds TSB 2 Palace Avenue Paignton Devon Stockbrokers: James Hambro & Company Ltd 45 Pall Mall London SW1Y 5JG

The Forest Hill Charitable Trust

Trustees’ Report

For the year ended 5th April 2025

Ethos, Aims and Objectives for the public benefit:

As the Trust is a Christian trust the majority of our support is directed towards Christian organisations; however, a good number of secular ones also benefit from regular grants.

The objectives of the Trust are to provide regular financial help to recognised (and so far accredited) charitable organisations engaged in:

e Bringing help, retief, guidance, advice and sustained support to the physically, mentally and emotionally disabled.
e Providing general help and support in the deprived areas of the world, in terms of medical services, food. clean water, education, better crops, development of local industries, third world technology etc
e Providing emergency relief in war or disaster zones. e« Improving the quality of life and prospects of children in the UK and worldwide. e Rehabilitating Residential Centres for victims of drug addiction « Running courses of 'drug awareness’ for young people e Providing support and respite for Carers’ e Supporting, counselling and providing medical help in the UK for victims of torture. e Supporting Christian victims of persecution in certain parts of the world. « Providing free medical, surgical and dentat services in areas of the world where such facilities are inadequate or do not exist
e Funding research and treatment of certain medical conditions including Aids/HIV. e Helping people to manage and clear their debt problem. e Supporting Farming and Fishing communities in the South West e Supporting victims of trafficking and modern slavery.

We confirm that we keep in mind the Charity Commission's guidance on public benefit when deciding the organisations that should benefit from our grants.

Monitoring of Achievements:

What is being achieved is found in the hundreds of letters of acknowledgement received from the Organisations we support, together with reports of their activities published regularly in their magazines, pamphlets and brochures. Over the years, only a handful have lost our support.

Structure, Governance & Management:

The Trust was constituted under a Deed of Trust dated 6" November 1995. It was established initially through a gift made by Dr. H.F. Pile. In the following months, both Dr H.F. Pile and Mrs. P.J. Pile made further gifts. Very substantial donations were made in December 2001 and, in March 2004, by Mrs. P.J. Pile at the death of her mother.

The Trust does not actively fund raise but relies on income generated from a broad range of investments. These were originally established by Messrs. Calkin Pattinson and more recently, managed by James Hambro & Partners, 45 Pall Mall, London, SW1Y 5JG. We are grateful to Mr. lan Calkin and later to Mr. Charles Calkin for their help and advice. The Chairman and the Secretary are in regular contact with Mr. Charles Calkin.

The Trust Deeds provide for a minimum of 3 Trustees. The power of appointment was vested in Mrs. P.J. Pile for her lifetime. Following her death in June 2023, power of appointment is now invested in Ronald Pile. Trustees are family members devoted to the cause. Expertise or special skills are not particularly required in our type of organisation.

At the annual meetings, the Trustees review the current financiai situation, together with the broad strategy. The dayto-day administration of grants and the handling of applications are now delegated to Mr M Thomas and Mrs MS Tapper.

As Trustees we regularly examine the aims and objectives of each of the 66 organisations we support as well as the latest reports on their various activities. We are generally encouraged by what is being achieved and therefore plan to continue with the present policy.

The Forest Hill Charitable Trust

Trustees’ Report For the year ended 5th April 2025

Structure, Governance & Management (continued):

tn July 2017 the JH&P Discretionary Management Team took over the management of the Trust Funds. This team consists of Ms Nicola Barber (Head of Charities) and Charles Calkin (Financial Planning Consultant).

Specific Investment Powers and Policy:

To invest the Trust fund in the purchase of, or interest on the security of such stocks, shares, securities or other investments or property of whatever nature and wherever situated, as the Trustees in their absolute discretion think fit, to the intent that the Trustees shall have the same full and unrestricted powers of investing and transposing investments as if they were beneficially entitled to the Trust fund.

To permit any investments comprised in the Trust fund to be held in the name of any clearing bank, any Trust corporation or any stockbroking company which is a member of the Stock Exchange (or any subsidiary of such a stockbroking company) as nominee of the Trustees and to pay any such nominee reasonable and proper remuneration for acting as such.

Investment Performance:

On the advice of our financial advisers our investments are wide ranging and over the years, the income has remained fairly constant in spite of the volatility of the stock market. We are satisfied that in the context of the current financial situation our investments have remained sound although we are open to any suggestion for change we may hear from our advisors. We aim as far as possible, to give away the whole of the yearly income and grants are adjusted in keeping with the income available.

Achievements and Performance:

During the period the Trustees have continued their policy of making regular and consistent donations to approximately 104 Charities on a monthly basis. The aim is to donate the majority of the monthly income received from the widely based portfolio. The Trustees are kept informed on the activities of the Charities concerned through their regular reports. The average donations are £1,360.

Financial Review :

The total donations paid out by the Charity in the year were £141,000. investment income of £42,760 was received.

The closing value of Investments have decreased this year by £158,503 (2024: fall of £36,083) with a reduction in the market value of the closing shareholding of £140,388 when compared with those held at the end of the previous year. Before taking into account the net loss on revaluation of investment assets there was a surplus of £2,115 (2024: £184,443 deficit)

Net assets have fallen by £138,273 (2024: £123,772 decrease) as the value of the grants paid out exceeds the income received through investments and gains on the disposal of investments again this year.

The Trustees’ aim is to maximise investment income in order to enable significant charitable donations to be made

Future Developments:

The Trustees do not anticipate any change to the Charity's objectives in the foreseeable future and will continue to make charitable donations solely out of its income whilst maintaining the underlying value of its investments.

The Forest Hill Charitable Trust

Trustees’ Report For the year ended 5th Apri! 2025

Reserves Policy:

The Trustees have set the minimum level of reserves at £3,000,000. This level is considered important to maintain the Trust's ability to make grants out of income in future years.

At the 5th April 2025 the Charity's reserves were £3,202,113 (2024: £3.340,386)

Trustees Responsibilities:

The Trustees are responsible for preparing the financial statements in accordance with applicable law and accounting standards (United Kingdom Generally Accepted Accounting Practice).

Law applicable to Charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements which give a true and fair view, the Trustees should follow best practice and

select suitable accounting policies and apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charity will remain in operation.

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and which enable them to ensure that the financial position of the statements comply with the regulations under $145(5)(b) of the Charities Act 2011, Statement of Recommended Practice Accounting and Reporting by Charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland FRS102, both made under Part VI. They are also responsible for safeguarding the Charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees confirm that they have complied with the 2011 Charities Act to have due regard to guidance published by the Charity Commission.

The Trustees confirm that the financial statements comply with the statutory requirements, the governing document and the SORP.

Volunteers

The Charity is reliant upon the Trustees, who give their time free of charge The Trustees carry out the day to day running of the Charity and without their support the Charity would be unable to operate.

Risk Mitigation

The major risks to which the Charity is exposed, as identified by the Trustees, continue to be reviewed and systems have been established to mitigate those risks.

The Trustees consider the variability of investment returns to constitute the Charity's major financial risk and recent extreme volatility in world stock markets has demonstrated this risk. Through the use of a Financial Advisor and a varied portfolio the Trustees consider the risk to be reduced

The Forest Hill Charitable Trust

Trustees’ Report For the year ended Sth April 2025

Grant Making Policy

On the formation of the Charity the Trustees decided that they wanted to support as broad a base of Registered Charities as is manageable. These were split into monthly lists and a regular yearly donation to each cause was established. The Charities that were chosen represented those that the Trustees felt were particularly worthy. The Trustees make general grants to the Charities rather than grants for specific projects. Charities send the Trustees regular reports and newsletters in order to keep the Trustees fully appraised of their on-going work. Generally speaking, the Trust has been unable to accept new requests for some time. However, the Trustees will be meeting before the end of 2025, specifically to review ail charities currently supported to determine whether the Trust should continue with their current list. (The charities have been/will be advised of this review, and invited to let the Trust know how their donations are making a difference to those the charities support). If it is felt any should be removed from the current list, they will be replaced by a new charity from an ‘approved! waiting list.

The Charity’s financial statements comply with the current statutory requirements, the Charity's governing documents, and the SORP FRS102 with Update Bulletin 1 and Update Bulletin 2

Approved on behalf of the board of Trustees:

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M Thomas Hi (G2
pate: I\/ Al 2072S
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M Tapper N Gurccans »Q \oppy
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Independent Examiners Report to the Trustees of The Forest Hill Charitable Trust For the year ended 5th April 2025

Respective responsibilities of trustees and examiner

The charity's trustees 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 the Charities Act 2011 (the Charities Act) and that an independent examination 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 (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.

Basis of independent examiner'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 accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention

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 * to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Mrs S AGay FCCA for and on behalf of ATC Advisors Unit 2 Dunheved Court Pennygillam Way Launceston Cornwall PL15 7ED

Date...(90. the totes ZF...

The Forest Hill Charitable Trust

Statement of Financial Activities For the year ended 5th April 2025

		Total Unrestricted	Total Unrestricted
	Notes	Funds	Funds
		2025	2024
		£	£
Incoming Resources
income from Investments	2	42,760	57,565
Total Incoming Resources		42,760	57,565
Resources Expended:
Charitable Activities	3	141,000	174,000
Governance costs	4	29,704	28,496
TotalResources Expended		170,704	202,496
Netoutgoing resources before investment
gains/(losses)		(127,944)	(144,931)
Net Gains/(Losses) on Investments		130,059	(39,512)
NetGains/(Losses) on revaluation ofInvestmentAssets		(140,388)	60,671
		(10,329)	21,169
NetMovements inFunds		(138,273)	(123,772)
Reconciliation offunds:
Fund balance brought forward		3,340,386	3,464,158
Fundbalancecarriedforward		£3,202,113	£3,340,386

The notes on pages 9 to 16 form part of these Financial Statements

Charitable . The Forest Hill Trust

Statement of Financial Position as at Sth April 2025

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2025 2024
Notes £ £ £ £
Fixed Assets:
Investments 6 3,141,868 3,300,371
Current Assets:
Cash at Bank and in Hand 61,409 41,119
Current Liabilities:
Amounts falling due
within one year.
Creditors 7 1,164 1,104
Net Current Assets 60,245 40,015
Net Assets £3,202,113 £3,340,386
Funds: Unrestricted
Funds Carried Forward i: 3,202,113 3,340,386
£3,202,113 £3,340,386
Approved by the Board of Trustees on 2025 and signed on its behalf by:
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M Thomas iFUa 2 Trustee
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The notes on pages 9 to 16 form part of these Financial Statements

The Forest Hil! Charitable Trust

' ‘

Notes to the Financial Statements For the year ended Sth April 2025

1 Accountancy Policies:

(a) Basis of preparation and assessment of going concern

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015. The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to give a ‘true and fair view. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The trust constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern. (b) Incoming resources (i} Investment income is accounted for in the period it is received. (ii) | Donations and legacies received are recognised in the financial statements when they are received (iii) Gifts are recognised in the financial statements at the date they are made and are included at market value. No incoming resources are deferred. (c) Resources expended Resources expended are recognised within the financial statements as soon as the obligation arises. (i) | Grants paid are recognised in the financial statements when they are approved by the Trustees. (ii) | Governance costs are recognised in the financial statements as soon as the obtigation arises. Costs allocated to this heading are actual. There is no apportionment of costs. (iii) The irrecoverable element of VAT is included with the item of expense to which it relates. {d) Governance costs Governance costs comprise all costs involving the public accountability of the Charity and its compliance with regulation and good practice. These costs include costs relating to the independent examination and accounts preparation.

The Forest Hill Charitable Trust

Notes to the Financial Statements For the year ended 5th April 2025

(e) Fixed asset investments investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

The Trust does not acquire put options, derivatives or other complex financial instruments.

The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.

(f) Gains and losses All gains and tosses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and the opening market value (purchase date if later). Unrealised gains and losses are calculated as the difference between the market value at the end and the opening market value (or purchase date if later). Realised and unrealised gains are not separated in the Statement of Financial Activities.
(g) Funds

The only fund within these financial statements is the generai unrestricted fund

(h) Debtors and Creditors Debtors are identified as tax deducted by HMRC at source on investment income, which is due back to the charity.

Creditors are amounts identified as outstanding at the year end.

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2 Investment Income: 2025 2024
Dividends Received 41,106 55,390
Interest Received 1,654 2,175
£42,760 £57,565
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The Investment income arose from the investments as detailed in note 6.

The Forest Hill Charitable Trust

Notes to the Financial Statements For the year ended 5th April 2025

Charitable Expenditure:	2025	2024
Grants Payable
Social
ChristiansAgainst Poverty	2.000	2,000
Prison Fellowship	2,000	2,000
Evangelical HousingAssociation	1,000	1,000
Hebron Trust	1,000	1,000
Emmaus School	1,000	1,500
Friends ofFactoryRow	-	1,000
Whitefield Christian Trust	2,000	2,000
Farm Crisis Network	-	2,000
Caring for Life	-	2,000
The Royal National Mission to DeepSea Fishermen	2,000	2,000
Siloam Christian Ministries	2,000	1,000
CR2EE	1,000	1,000
Magdalene Group	1,000	1,000
FamilyAction	1,000	1,000
Open Doors Exmouth	500	500
Crisis at Christmas	1,000	1,000
AmberCity Life	-	1,000
StMartin inthe field Appeal	1,000	-
Hearing Dogs	2,000	1,000
Walk Ministries	1,000	1,000
Reengage	1,000	1,000
St Petrocs	1,000	1,000
Shetter Prison Advice& CareTrust	1,000 1,000	1,000 1,000
TheirVoice	1,000	1,000
	26,500	30,000
Education
Seeing Ear	1,000	1,000
Compass Braille	1,000	1,000
Child Hope	-	1,000
Mulberry Bush Schoo!	2,000	1,000
DhakaAhsania Mission	2,000	1,000
	6,000	§,000

The Forest Hill Charitable Trust

Notes to the Financial Statements For the year ended 5th April 2025

Christianity
The Navigators	1,000	1,000
Crosslinks	-	1,500
Interserve	2,000	2,000
Slavic GospelAssociation	-	1,000
Youth for Christ	1,000	1,000
The Soldiers’ and Airmen's Scripture Readers Assoc.	1,000	1,000
Release International	2,000	2,000
Marilyn Baker Trust	500	500
Tear Fund	1,000	1,000
LINX	2,000	20,000
Open Doors	2,000	2,000
Outreach UK	1,000	1,000
Premier Christian Radio	1,000	1,000
Barnabas Fund	2,000	2,000
Frontier Youth Trust	1,000	4,000
Church Mission Society	4,000	1,000
The Bible Society	4,000	4,000
Piymstock Chapel	1,000	1,000
SAT 7	-	1,000
Revival Movement Association	:	1,000
WalkThrough the Bible	-	500
Christian Vision forMen	-	1,000
Latin Link	2,000	1,000
United Christian Broadcasters	.	1,000
Christian Workers Relief Fund	-	1,000
UFM Worldwide	-	2,000
Scripture Union	-	2,000
The Bible Network	-	1,000
Counties	2,000	2,000
Stewardship	2,000	2,000
USPG	1,000	4,000
Wycliffe	2,000	2,000
Quantock Ministries	500	500
Menadue Management Trust	-	1,000
SGA (UK)	1,000	-
The Salvation Army	1,000	-
City Life Chirch	1,000	-
Sport Chaplaincy	-	1,000
	33,000	62,000

The Forest Hill Charitable Trust

’

Notes to the Financiat Statements For the year ended 5th April 2025

Charitable Expenditure:	2025	2024
Grants Payable (cont)
Health and Respite Care
Starfish B.IL.R.B Keychange Charity	1,000 - 2,000	1,000 1,000 2,000
Medical Missionary News	2,000	2,000
Crossroads Counselling	1,000	1,000
BIBIC	1,000	1,000
Free from Torture - Medicat Foundation	-	2,000
MercyShips	2,000	2,000	‘
Christian Blind Mission	1,000	1,000
Care forVeterans	1,000	1,000
Anglo Peruvian Children's Charity	4,000	1,000
HopeNow	2,000	2,000
MarthaTrust	1,000	4,000
Canine Partners	1,000	1,000
Livability Royal Starand GarterHomes	1,000 1,000	1,000 1,000
The Leprosy Mission	1,000	1,000
MissionAviation Fellowship	1,500	1,500
Marie Curie Cancer Care	2,000	2,000
Devon in Sight	1,000	1,000
Mental Health Association	2,000	2,000
RespiteAssociation	1,000	1,000
AmbitiousAboutAutism	1,000	1,000
Rowcroft Hospice	3,000	3,000
Go! Sign	1,000	1,000
Kids Konnect	500	500
EMMS	2,000	2,000
Mildmay Hospitat	-	1,000
Dentaid Tenovus	2,000 -	1,000 2,000
DEBRA	2,000	2,000
TinyTim	1,000	1,000
Kingsmilt Trust	-	500
David Livingstone	2,000	2,000
Enham Trust	2,000	1,000
MEM	4,000	1,000
Childrens HospiceSW	2,000	2,000
Carers Trust	2,000	2,000
Yedall Centre	1,000	1,000
Step One	1,000	41,000
The SalvationArmy	1,000	1,000
Freedom from Torture	2,000	-
MotorNeuron Disease	1,000	-
Children’s Burns Trust	1,000	-
Speechand LanguageUK	2,000	2,000
	57,000	57,500

The Forest Hill Charitable Trust

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Notes to the Financial Statements
For the year ended 5th April 2025
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Charitable Expenditure:	2025	2024
Grants Payable (cont)
Foreign Relief
The Karen Hill Tribes Trust	1,000	1,000
Soteria Trust	1,000	1,000
Concern Worldwide	3,000	2,000
Ethiopaid	1,000	1,000
Hand in Hand	4,000	1,000
Christian SolidarityWorldwide	2,500	2,500
Womankind Worldwide	4,000	1,000
World Villages For Children	1,000	1,000
The Peaceand Hope Trust	1,000	1,000
Novi Most	1,000	1,000
Change a Chapter	1,000	1,000
Christian Vision forMen Overseas	-	2,000
Project Hope	1,000	1,000
United Mission to Nepal Hospitals Endowment Fund	2,000	2,000
Ripple Effect	1,000	-
Send a Cow	-	1,000
	18.500	19,500
	£141,000	£174,000

Although some organisations were given more than one grant, each of the grants were for the general purposes of the recipient organisation.

Number of institutional grants	104	121
Governance costs:	2025	2024
InvestmentAdviser Fees	28,540	27,392
Accountancy Fees	720	684
Independent Examination Fees	444	420
	£29,704	£28,496

5 Taxation

There is no charge to taxation arising in respect of any of the activities of the Charity by way of its Charitable status.

6 Fixed Asset Investments:

Fixed Asset Investments:	2025	2024
Market value broughtforward at6 April 2024	3,300,371	3,336,454
Less: Sale ofshares	(1,447,733)	(1,009,609)
Add: Net (loss)/gain on revaluation	(140,388)	60,671
Gain/(Loss) on disposal ofshares	130,059	(39,512)
Purchase of shares	1,299,073	945,289
Excess reportable income	486	7,078
Marketvalueasat5April2025	£3,141,868	£3,300,371

The Forest Hili Charitable Trust

‘

Notes to the Financia! Statements For the year ended 5th April 2025

Fixed Asset Investments continued:		2025	2024
		Market	Market
	Cost	Value	Value
RelxNV	27,672	64,975	71,298
Visa IncCom Stock	23,793	71,609	64,699
MarshallWace LiquidAlpha UCITS Fund	-	-	112,342
SonyCorporation SchroderAsian tncomeFundZ£ Inc Lazard Rathmore Alternative Fund	40,213 87,922 62,018	97,211 99,840 89,619	73,410 104,819 82,142
Microsoft CorpCom	23,525	71,186	85,842
Alphabet IncC Shares	29,955	74,470	93,752
LyxorTiedemann ArbitrageStrategyFund	Next Plc	- 32,721	- 61,751
CompassGroup PlcOrd 11.05p RioTinto PicOrd 10p JPMorgan ChaseCom US$1.00 Thermo FisherScientific IncUS$1.00 Intuitive Surgical IncUS$0.001 Linde Pic	28,245 49,448 36,967 44,913 22,827 45,922	50,190 35,182 59,555 42,432 45,545 76,476	69,058 41,290 71,870 57,322 73,751 82,685
SikaAG	46,501	39,728	§2,382
TJXCompanies Inc BH Absolute Return Government Bond	35,254 64,031	66,342 77,683	66,264 80,103
KLSAreteMacro Fund	104,701	111,522	30,850
Invesco Physical Gold ETC US$ (Ireland)	90,326	456,038	159,626
Union Pacific US$2.50	56,323	51,256	§9,350
Vinci SA	-	-	43,666
UKTreasury Stock 0.25%	190,952	182.616	92,368
Shelt PleOrd	65,549	73,336	82,134
UKTreasury Stock1% 31/01/2032	§5,970	53,138	165,811
BlackRock Sterling LiquidityFund £ Inc	-	-	90,000
iShares US$ Treasury 7-10yrsETF£ Hedged	-	-	246,689
UKTreasury Stock 0.875% 31/07/2023	-	-	195,063
TRowe Price Health Sciences	48,000	45,746	§1,216
Progressive Corp	35,993	66,973	75,956
AIAGroup Ltd HK$	58,215	49,963	45,567
Ashtead GroupPLC	§5,420	39,963	60,167
Danaher CorpUS$	58,647	41,577	56,991
Amazon.com IncUS$	66,112	68,994	76,113
Assa AbloyAB B	49,190	45,829	48,774
Synopsys	41,954	27,094	40,955
iShares US$Treasury 3-7yrs ETF	-	-	415,820
Polar Capital GlobalTechnologyFund	101,785	87,169	101,528
Intercontinental Exchange Inc	47,295	53,500
Entegris Inc	54,507	33,233
AMETEK Inc	53,115	49,121
Novo Nordisk	38,159	16,966
AshokaWhiteOak	68,496	64,920
Amundi Sand Grove Event Driven Fund	406,523	107,681
Marshall WaceTOPS Fund	113,017	111,524
UKTreasury Stock 1.25%22/07/2027	227,016	231,774
UKTreasury Stock0.125% 31/01/2028	242,491	248,141
	£2,721,683	£3,141,868	£3,300,371

All the above investments are listed on a recognised stock exchange

The Forest Hill Charitable Trust

Notes to the Financial Statements For the year ended 5th April 2025

7	Creditors:
	Falling duewithin oneyear
	Accountancy Fees	£1,164	£1,104
8	Funds:
	Unrestricted Income Funds:
	Balance brought forward	3,340,386	3,464,158
	NetOutgoing Resources forthe period	(138,273)	(123,772)
	Balancecarriedforward	£3,202,113	£3,340,386

The fund includes unrealised gains on investments of £420,185 (2024: £560,573)

9 Restricted and Unrestricted Funds:

All assets and tiabilities relate to unrestricted funds.

10 Related Party Transactions and Trustee's Expenses and Remuneration:

The trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind (2024: £nil). No entries have been made in the financial statements to reflect this as the amount cannot be quantified. No trustee expenses were incurred in the year (2024: Enil).

There have been no related party transactions in the reporting period that require disclosure.

2025-04-05-accounts

The Forest Hill Charitable Trust

Trustees’ Report For the year ended 5th April 2025

The Trustees present their Annual Report and Financial Statements for the year ended Sth April 2025.

Full Name of Charity:

The Forest Hill Charitable Trust

1050862

Secretary to the Trustees:

Mrs M S Tapper

Trustees’ Report

For the year ended 5th April 2025

Ethos, Aims and Objectives for the public benefit:

Monitoring of Achievements:

Structure, Governance & Management:

The Forest Hill Charitable Trust

Trustees’ Report For the year ended 5th April 2025

Structure, Governance & Management (continued):

Specific Investment Powers and Policy:

Investment Performance:

Achievements and Performance:

Future Developments:

The Forest Hill Charitable Trust

Trustees’ Report For the year ended 5th Apri! 2025

Reserves Policy:

Trustees Responsibilities:

Volunteers

Risk Mitigation

The Forest Hill Charitable Trust

Trustees’ Report For the year ended Sth April 2025

Grant Making Policy

Independent Examiners Report to the Trustees of The Forest Hill Charitable Trust For the year ended 5th April 2025

Respective responsibilities of trustees and examiner

Basis of independent examiner's statement

Independent examiner's statement

Statement of Financial Activities For the year ended 5th April 2025

Charitable . The Forest Hill Trust

Statement of Financial Position as at Sth April 2025

Creditors are amounts identified as outstanding at the year end.

The Forest Hill Charitable Trust

Notes to the Financial Statements For the year ended 5th April 2025

Notes to the Financial Statements For the year ended 5th April 2025

Notes to the Financiat Statements For the year ended 5th April 2025

The Forest Hill Charitable Trust

5 Taxation

6 Fixed Asset Investments:

Notes to the Financia! Statements For the year ended 5th April 2025

The Forest Hill Charitable Trust

9 Restricted and Unrestricted Funds:

10 Related Party Transactions and Trustee's Expenses and Remuneration: