Docusign Envelope ID: 167BAC83-3F99-4860-A4B4-1613AD74FF7C
Charity number: 1090028
THE ANNA ROSA FORSTER CHARITABLE TRUST
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
for the year ended 5 April 2025
Docusign Envelope ID: 167BAC83-3F99-4860-A4B4-1613AD74FF7C
THE ANNA ROSA FORSTER CHARITABLE TRUST
| CONTENTS | |
|---|---|
| Page | |
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 18 |
Docusign Envelope ID: 167BAC83-3F99-4860-A4B4-1613AD74FF7C
THE ANNA ROSA FORSTER CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS for the year ended 5 April 2025
Trustees
Ms Sarah Sinclair Mr Andrew William Morgan Mr Jonathan Heslop
Charity registered number
1090028
Principal office
14 Bell Villas Ponteland Northumberland NE20 9BE
Accountants
Kinnair Associates Limited Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB
Bankers
Lloyds Bank 102 Grey Street Newcastle upon Tyne NE99 1SL
Stockbrokers
RBC Brewin Dolphin 12 Smithfield Street London EC1A 9BD
Page 1
Docusign Envelope ID: 167BAC83-3F99-4860-A4B4-1613AD74FF7C
THE ANNA ROSA FORSTER CHARITABLE TRUST
TRUSTEES' REPORT for the year ended 5 April 2025
The Trustees present their annual report together with the financial statements of the Charity for the year 6 April 2024 to 5 April 2025.
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the charity’s governing document, the Charities Act 2011 and the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Objectives and activities
Policies and objectives
(a) as to £10,000 to invest the same and to pay the annual income thereof to The Anna Rosa Forster Charitable Trust (as defined in (b) below) for its general purposes for as long as The Anna Rosa Forster Charitable Trust repairs, maintains, cleanses and re-builds (if necessary) the family memorial at St Andrew's Cemetery, Newcastle upon Tyne, with a gift over in default; and
(b) as to the Trust Income to divide the same equally between such charitable institution or institutions (or such other charitable objects or purposes) relating to each of the following fields: –
-
Medical research
-
Animal welfare
-
Famine relief
As the Trustees may from time to time in their absolute discretion select and in such shares and manner they may from time to time think fit and proper provided that if charitable work in any of the fields referred to in sub clauses 1, 2 and 3 above shall at any time cease, then the share of income to be applied in such field or fields shall be applied to such field or fields where charitable work has not ceased and if more than one in equal shares provided further that if in any particular year there is a special requirement (in the opinion of the Trustees) for money to be applied in any of the particular fields referred to in the sub clauses above then available income (either from the current year or previous year) may be transferred from the share of income applicable to the other field or fields and such transfer can be made at the absolute discretion of the Trustees and can be for such an amount as the Trustees think fit.
(c) The Trustees confirm that they have referred to the general guidance, including the guidance 'Public benefit: running a charity (PB2)' when reviewing the charity's objects and when planning future and conducting current grant-making activities and policies. The objects of the charity are met by making grants to other registered charities and it is by this means that the public benefit requirement is satisfied. If it was decided to make a grant to a person or organisation other than a registered charity then the public benefit of that grant would be considered by the Trustees to ensure that the grant was a charitable disposition.
Main activities undertaken to further the Charity's purposes for the public benefit
The main activity is to make discretionary grant payments from time to time to institutions which will benefit the general public in due course. The purpose of the grant payments is improve the financial position of the beneficiaries and wider society.
Page 2
Docusign Envelope ID: 167BAC83-3F99-4860-A4B4-1613AD74FF7C
THE ANNA ROSA FORSTER CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED) for the year ended 5 April 2025
Achievements and performance
Key performance indicators
The key financial performance indicator is to increase the capital base of the investments and generate sufficient income to make discretionary grant payments from time to time. Investment valuation movements are therefore an indicator of the Trustees' ability to increase grant payments for the public benefit.
Review of activities
As shown in note five, the Trustees made charitable distributions of £42,941 during the year. Income of £73,044 has been received in the year with other expenditure incurred of £25,609. After accounting for net investment losses of £14,178 the Trust has decreased the value of funds by £9,684 for the year.
The Trustees consider that the substantial investment assets of the charity and their discretionary policy of paying grants out of income mean that despite investment valuation movements they can expect the Charity's financial position to remain satisfactory.
The Trustees have reviewed the major risks to which the charity is exposed and continue to monitor the arrangements and systems in place to mitigate those risks.
Investment policy and performance
The Trustees have absolute discretion for dealing in and disposing of investments as they think fit to the extent that the Trustees shall have the same unrestricted powers of investing, varying and transposing investments as if they were the beneficial owners of the monies in the Charity.
The Trustees have agreed a policy for investing funds (both capital and, pending distribution, income), enabling them to maintain a strategic amount of cash capital and have given investment managers discretion to manage the portfolio of capital investments with an agreed risk profile.
Financial review
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. The Trustees have considered the effects of the current economic conditions in making this assessment.
Reserves policy
Since 5 April 2002, the Trustees have made charitable donations of the majority of the balance on the Income Fund. The Trustees have decided that in future years they will, as far as possible, distribute the balance of the income from the previous financial year, leaving only an amount to meet administration expenses.
Page 3
Docusign Envelope ID: 167BAC83-3F99-4860-A4B4-1613AD74FF7C
THE ANNA ROSA FORSTER CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED) for the year ended 5 April 2025
Structure, governance and management
Constitution
The Charity was created out of the Will of the late Miss A R Forster, who died on 28 October 1996. Probate of the Will was granted out of Newcastle upon Tyne District Probate Registry on 4 June 1997.
The Charity was registered by the Charity Commission on 10 January 2002 and was allocated charity number 1090028. The Fund was registered as a subsidiary charity under the name ‘The Anna Rosa Forster Memorial Fund’ on the same date.
There have been no changes in the objectives since the last annual report.
Methods of appointment or election of Trustees
The first Trustees were appointed by the above Will. Since the date of the end of the administration of the Estate of Miss A R Forster deceased (3 August 2000) new Trustees are appointed by the existing Trustees.
Policies adopted for the induction and training of Trustees
There are no formal procedures for the induction and training of Trustees. Senior Trustees ensure, on an informal basis, that new Trustees are given adequate information to ensure that they have knowledge of the charity and their role.
Financial risk management
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Principal activities
The charity is a grant making organisation with income derived from investment income and donations received.
Page 4
Docusign Envelope ID: 167BAC83-3F99-4860-A4B4-1613AD74FF7C
THE ANNA ROSA FORSTER CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED) for the year ended 5 April 2025
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements 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.
Approved by order of the members of the board of Trustees on 7 January 2026 and signed on their behalf by:
Ms Sarah Sinclair (Trustee)
Page 5
Docusign Envelope ID: 167BAC83-3F99-4860-A4B4-1613AD74FF7C
THE ANNA ROSA FORSTER CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT for the year ended 5 April 2025
Independent examiner's report to the Trustees of The Anna Rosa Forster Charitable Trust ('the Charity')
We report to the charity Trustees on our examination of the accounts of the Charity for the year ended 5 April 2025.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
We report in respect of our examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out our examination we have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with relevant version of the 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 (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice.
We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
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 requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our work has been undertaken so that we might state to the Charity's Trustees those matters we are required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for our work or for this report.
Signed: 8228AFA7794A4DC... Dated: 9 January 2026 Detlev Anderson FCA Kinnair Associates Limited Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB
Page 6
Docusign Envelope ID: 167BAC83-3F99-4860-A4B4-1613AD74FF7C
THE ANNA ROSA FORSTER CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 5 April 2025
| Note Income from: Investments 3 Total income Expenditure on: Raising funds 4 Charitable activities Total expenditure Net income/(expenditure) before net (losses)/gains on investments Net (losses)/gains on investments Net (expenditure)/income Transfers between funds 11 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 72,455 72,455 16,609 51,941 68,550 3,905 (14,051) (10,146) 589 (9,557) 2,605,777 (9,557) 2,596,220 |
Restricted funds 2025 £ 589 589 - - - 589 (127) 462 (589) (127) 10,516 (127) 10,389 |
Total funds 2025 £ 73,044 73,044 16,609 51,941 68,550 4,494 (14,178) (9,684) - (9,684) 2,616,293 (9,684) 2,606,609 |
Total funds 2024 £ 67,295 67,295 15,354 114,047 129,401 (62,106) 94,801 32,695 - 32,695 2,583,598 32,695 2,616,293 |
|---|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 18 form part of these financial statements.
Page 7
Docusign Envelope ID: 167BAC83-3F99-4860-A4B4-1613AD74FF7C
THE ANNA ROSA FORSTER CHARITABLE TRUST
BALANCE SHEET as at 5 April 2025
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| Note | £ | £ | ||||
| Fixed assets | ||||||
| Investments | 9 | 2,443,015 | 2,473,257 | |||
| 2,443,015 | 2,473,257 | |||||
| Current assets | ||||||
| Cash at bank and in hand | 176,804 | 207,156 | ||||
| 176,804 | 207,156 | |||||
| Current liabilities | ||||||
| Creditors: amounts falling due within one | ||||||
| year | 10 | (13,210) | (64,120) | |||
| Net current assets | 163,594 | 143,036 | ||||
| Total assets less current liabilities | 2,606,609 | 2,616,293 | ||||
| Net assets excluding pension asset | 2,606,609 | 2,616,293 | ||||
| Total net assets | 2,606,609 | 2,616,293 | ||||
| Charity funds | ||||||
| Restricted funds | 11 | 10,389 | 10,516 | |||
| Unrestricted funds | 11 | 2,596,220 | 2,605,777 | |||
| Total funds | 2,606,609 | 2,616,293 |
The financial statements were approved and authorised for issue by the Trustees on 07 January 2026 and signed on their behalf by:
Ms Sarah Sinclair
(Trustee)
The notes on pages 9 to 18 form part of these financial statements.
Page 8
Docusign Envelope ID: 167BAC83-3F99-4860-A4B4-1613AD74FF7C
THE ANNA ROSA FORSTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2025
1. General information
The Anna Rosa Forster Charitable Trust is a charitable trust registration number 1090028. The principal office is 14 Bell Villas, Ponteland, Northumberland, NE20 9BE.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the relevant version of the 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 (FRS 102) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The 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 provide a 'true and fair' view. This departure has involved following the relevant version of the 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 (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Anna Rosa Forster Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The financial statements are presented in pounds Sterling and rounded to the nearest pound.
2.2 Going concern
The Trustees have a reasonable expectation that the charity has adequate resources to continue to support the charity for the foreseeable future. The Trustees believe the going concern basis of accounting to be appropriate in preparing the annual financial statements.
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Page 9
Docusign Envelope ID: 167BAC83-3F99-4860-A4B4-1613AD74FF7C
THE ANNA ROSA FORSTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2025
2. Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.6 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘gains/(losses) on investments’ in the statement of financial activities.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8 Liabilities
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Page 10
Docusign Envelope ID: 167BAC83-3F99-4860-A4B4-1613AD74FF7C
THE ANNA ROSA FORSTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2025
2. Accounting policies (continued)
2.9 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2.10 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Capital funds are funds received at the commencement of the Trust, other than Accumulated Income, which are regarded by the Trustees as being held to provide a flow of income from which donations can be made.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
3. Investment income
| Investment income - foreign investment properties UK Dividends Overseas income UK Trust dividends Unit Trust interest Bank and Building Society interest Total 2025 |
Unrestricted funds 2025 £ 437 4,870 41,690 16,147 6,806 2,505 72,455 |
Restricted funds 2025 £ - - - 589 - - 589 |
Total funds 2025 £ 437 4,870 41,690 16,736 6,806 2,505 |
|---|---|---|---|
| 73,044 |
Page 11
Docusign Envelope ID: 167BAC83-3F99-4860-A4B4-1613AD74FF7C
THE ANNA ROSA FORSTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2025
3. Investment income (continued)
| Investment income - foreign investment properties UK Dividends Overseas income UK Trust dividends Unit Trust interest Bank and Building Society interest Total 2024 |
Unrestricted funds 2024 £ 84 7,379 38,222 16,039 1,971 3,077 66,772 |
Restricted funds 2024 £ - - - 523 - - 523 |
Total funds 2024 £ 84 7,379 38,222 16,562 1,971 3,077 |
|---|---|---|---|
| 67,295 |
4. Investment management costs
| Investment management fees Investment management fees |
Unrestricted funds 2025 £ 16,609 Unrestricted funds 2024 £ 15,354 |
Total funds 2025 £ 16,609 |
|---|---|---|
| Total funds 2024 £ 15,354 |
Page 12
Docusign Envelope ID: 167BAC83-3F99-4860-A4B4-1613AD74FF7C
THE ANNA ROSA FORSTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2025
5. Analysis of grants
| Grants, Medical research Grants, Animal welfare Grants, Famine relief Total 2025 |
Grants to Institutions 2025 £ 14,314 14,314 14,313 42,941 |
Total funds 2025 £ 14,314 14,314 14,313 |
|---|---|---|
| 42,941 |
Grants were paid to 26 institutions as follows: -
Medical research - 10 institutions Animal welfare - 8 institutions Famine relief - 8 institutions
No activities were undertaken directly.
| Grants, Medical research Grants, Animal welfare Grants, Famine relief |
Grants to Institutions 2024 £ 35,016 35,016 35,015 105,047 |
Total funds 2024 £ 35,016 35,016 35,015 |
|---|---|---|
| 105,047 |
Page 13
Docusign Envelope ID: 167BAC83-3F99-4860-A4B4-1613AD74FF7C
THE ANNA ROSA FORSTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2025
6. Analysis of expenditure by activities
| Medical research Animal welfare Famine relief Total 2025 Medical research Animal welfare Famine relief Total 2024 |
Grant funding of activities 2025 £ 14,314 14,314 14,313 42,941 Grant funding of activities 2024 £ 35,016 35,016 35,015 105,047 |
Support costs 2025 £ 3,000 3,000 3,000 9,000 Support costs 2024 £ 3,000 3,000 3,000 9,000 |
Total funds 2025 £ 17,314 17,314 17,313 |
|---|---|---|---|
| 51,941 | |||
| Total funds 2024 £ 38,016 38,016 38,015 |
|||
| 114,047 |
Analysis of support costs
| Administration expenses Accountancy and Independent examination fee Total 2025 |
Medical research 2025 £ 2,000 1,000 3,000 |
Animal welfare 2025 £ 2,000 1,000 3,000 |
Famine relief 2025 £ 2,000 1,000 3,000 |
Total funds 2025 £ 6,000 3,000 |
|---|---|---|---|---|
| 9,000 |
Page 14
Docusign Envelope ID: 167BAC83-3F99-4860-A4B4-1613AD74FF7C
THE ANNA ROSA FORSTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2025
6. Analysis of expenditure by activities (continued)
Analysis of support costs (continued)
| Administration expenses Accountancy and Independent examination fee Total 2024 |
Medical research 2024 £ 2,000 1,000 3,000 |
Animal welfare 2024 £ 2,000 1,000 3,000 |
Famine relief 2024 £ 2,000 1,000 3,000 |
Total funds 2024 £ 6,000 3,000 |
|---|---|---|---|---|
| 9,000 |
Support costs have been split equally in line with the anticipated grant expenditure policy.
7. Independent examiner's remuneration
The independent examiner's remuneration (including VAT) amounts to an independent examiner fee of £3,000 ( 2024 - £3,000 ).
8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .
During the year ended 5 April 2025, no Trustee expenses have been incurred (2024 - £NIL) .
9. Fixed asset investments
| Cost or valuation At 6 April 2024 Additions Disposals Revaluations At 5 April 2025 |
Listed investments Cash held for re-investment £ £ 2,414,202 59,055 384,780 378,457 (362,399) (400,844) (30,236) - 2,406,347 36,668 |
Total £ 2,473,257 763,237 (763,243) (30,236) |
|---|---|---|
| 2,443,015 |
All of the fixed asset investments are held in the UK. Disposals are shown at cost and revaluations are all unrealised.
Page 15
Docusign Envelope ID: 167BAC83-3F99-4860-A4B4-1613AD74FF7C
THE ANNA ROSA FORSTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2025
10. Creditors: Amounts falling due within one year
| Administration charges Accountancy charges Grants payable to institutions |
2025 £ 10,210 3,000 - 13,210 |
2024 £ 9,820 3,000 51,300 |
|---|---|---|
| 64,120 |
11. Statement of funds
Statement of funds - current year
| Balance at 6 | Transfers | Gains/ | Balance at 5 | |||
|---|---|---|---|---|---|---|
| April 2024 | Income | Expenditure | in/out | (Losses) | April 2025 | |
| £ | £ | £ | £ | £ | £ | |
| Unrestricted | ||||||
| funds | ||||||
| Capital fund | 2,466,544 | - | (12,805) | - | (14,051) | 2,439,688 |
| Income fund | 139,233 | 72,455 | (55,745) | 589 | - | 156,532 |
| 2,605,777 | 72,455 | (68,550) | 589 | (14,051) | 2,596,220 | |
| Restricted | ||||||
| funds | ||||||
| The Anna Rosa | ||||||
| Forster | ||||||
| Memorial fund | 10,516 | 589 | - | (589) | (127) | 10,389 |
| Statement of funds - prior year | ||||||
| Balance at | Transfers | Gains/ | Balance at | |||
| 6 April 2023 | Income | Expenditure | in/out | (Losses) | 5 April 2024 | |
| £ | £ | £ | £ | £ | £ | |
| Unrestricted | ||||||
| funds | ||||||
| Capital fund | 2,383,797 | - | (12,177) | - | 94,924 | 2,466,544 |
| Income fund | 189,162 | 66,772 | (117,224) | 523 | - | 139,233 |
| 2,572,959 | 66,772 | (129,401) | 523 | 94,924 | 2,605,777 |
Page 16
Docusign Envelope ID: 167BAC83-3F99-4860-A4B4-1613AD74FF7C
THE ANNA ROSA FORSTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2025
11. Statement of funds (continued)
Restricted funds
The Anna Rosa Forster Memorial fund 10,639 523 - (523) (123) 10,516
12. Summary of funds
Summary of funds - current year
| General funds Restricted funds |
Balance at 6 April 2024 £ 2,605,777 10,516 2,616,293 |
Income £ 72,455 589 73,044 |
Expenditure £ (68,550) - (68,550) |
Transfers in/out £ 589 (589) - |
Gains/ (Losses) £ (14,051) (127) (14,178) |
Balance at 5 April 2025 £ 2,596,220 10,389 2,606,609 |
|---|---|---|---|---|---|---|
Summary of funds - prior year
| General funds Restricted funds |
Balance at 6 April 2023 £ 2,572,959 10,639 2,583,598 |
Income £ 66,772 523 67,295 |
Expenditure £ (129,401) - (129,401) |
Transfers in/out £ 523 (523) - |
Gains/ (Losses) £ 94,924 (123) 94,801 |
Balance at 5 April 2024 £ 2,605,777 10,516 2,616,293 |
|---|---|---|---|---|---|---|
Page 17
Docusign Envelope ID: 167BAC83-3F99-4860-A4B4-1613AD74FF7C
THE ANNA ROSA FORSTER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS for the year ended 5 April 2025
13. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2025 £ 2,432,626 176,804 (13,210) 2,596,220 |
Restricted funds 2025 £ 10,389 - - 10,389 |
Total funds 2025 £ 2,443,015 176,804 (13,210) 2,606,609 |
|---|---|---|---|
Analysis of net assets between funds - prior year
| Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ - - - - |
Restricted funds 2024 £ 10,516 - - 10,516 |
Endowment funds 2024 £ 2,462,741 207,156 (64,120) 2,605,777 |
Total funds 2024 £ 2,473,257 207,156 (64,120) 2,616,293 |
|---|---|---|---|---|
14. Related party transactions
During the year the Charity used the services of the practice of Nicholson & Morgan (Solicitors) in which J Heslop and S Sinclair are partners, at a cost of £6,000 (2024: £6,000). As at 5th April 2025 £6,000 was owed to Nicholson & Morgan (Solicitors) (2024: £6,000).
Page 18