Chorlty numbw. 11055B2 THE HON E W C WELD FORESTER WILL TRUST UNAUDffED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YE*R ENDED S APRIL 2021 WR Partners Protecling your future. THE HON E W C W￿LD FORESTER ￿LL TRUST coKrENTS Relerence and admlnlstratlve delalkn of tho Chvlty. Ils Tru5tws and advlws Trust••$' Miioit Ind•￿nd•￿t •xwnln•e• r•port St•t•m•nt of finan¢ial •¢lAvltl Balance sh••1 Not￿ to the financlal 41•tem•nts 8-15 niE HON E W C WELD FORESTER MLL TRUST REFERENCE ANO ADMINISTRATIVE DETAILS OF THE CHARrrY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED S APRIL 2021 Twsts•s Mr C J S WIMtaker. Chair Mrs H C Dyer Mr G E Hddsworth Hunt The H£￿1 Mrs A E Ctxrn# Charlty rnglst•r•d numb•r Prlnclpal offlc• Hall Ccwrt Hall Pwk Way Tolfwd TF3 4LX Account•nt• WR PartneTS Charterod Accthnt* Belnvil Hous Shrewstr￿ry Bwne88 Pwk Shrewstrxjry Shropshl SY2 6LG B•nk•r¥ Nalwest PIC 121 High Street Oxford OX14DD Sollcltor• MFG Sokator8 Padmore H￿$• Hall c￿ Hall Park Way Tdlor TF3 4LX Sto¢kbrok•rn E F G Harris Athjay 33 GrB* Chath Streèt Birmintsm B3 JJN Page 1 THE HON E W C VIELD FORESTER WILL TRUST TrUSTEES' REPORT FOR THE YEAR ENDED 5 APRL 2021 The TDJst￿S pyesent thwr wual IBwi tcg•thfjr the finan(yal 8tstenwts of th• Charity for the year 6 Aprfl 2020 10 5 Apn'l 2021. Obl•ctlve• •nd Ktlvltl . Pollcim and obJ•ctl¥ The Truslee8 wsh to o)ntinue lo appty the annual Incm ofthè Injst In a￿)r￿an￿ vAlh Ihe Wlll of the Hon E W C Weld Forester daled 5 September 1946. Thè oblactlves of Ih• Wlll TnJ81 are to apply the 8MU81 Income for the of provldlng a home for •rKI otherwse for Ihe benefit of suth (x mN• exdusively ol the Hon E W C Weld Forestels brothers, sistors. neFlkn¥s and nleces and Iheir respecti￿ issue 8nd th* surviwng husband or wife of any such person who sh811 bo poor and needy and in the cyinion of the Trustees suit8ble recipienls of dwrity AS tho Tru$t¢e$ shAII think fit. In s•tting objoctives and plttming bdl¥4ts8$, tho Tw8t•e8 have glven du• consld•ratiw to gen8r81 guld8rsc• publishe(I by the Chanty commissi￿ relatiro to wbliG benefit. inrjjding th& guid8neA 'Public benefit.. Nnnlng tharity (P82)'. b. Grnnlwm•klng pollcl•J The tharltsbkry funds 8rn dlstrli¥JttAI In vAth Ih Ct4•Cl￿ notss gtM)Ve. c. M•ln •cdvltlts und•rt•k•n to lurth•rth• Ch*lty• pury¥oM• forth• publ1¢ b•n•fft The Tru$l8es ¢onfimi thal th•y h8v• referred to the revi￿d publK b￿ofit guidance cortainod in the Ch8nty Commission's general gU￿anCe lthan TevivMrvJ the trusfs 8ims and obpcb'vos and in planning futurg di8tribution8. Achl•v•m•irts and ￿rf￿artc• R•vl•w of •cdvlll to benefioaries. b. Investment pomcy and perf¢)rn)•nc• The Trustees have instructed th￿r Stockt￿er5 to owate a long tèm invèstment strategy, t8king 8 moderate risk apprDath, and alnmng to athieve a tsaknn￿ batw￿ g*YoMThig inrxAnè and ￿pha1 grtrth. Flnanelal revl•w •. Golng eonc•rn Aft•r makn'ng apprwri8t• •nqum•s. the T￿$t￿ hav• a r•8$c4￿ •xp•clatton that th• Chanty h8$ ad8quate resources to continue in werational existence for the frxeseeable fv￿re. For tht5 reaK￿, they continue to adopl the going cwc*m bays in preparing the finan¢ial ststements. Further details regarding the adoption of the ￿￿Trg con￿rn ba￿S can ￿ found in the acrnuntwig pobues. Page 2 THE HON E W C WELD FORESTER MLL TRU3T TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED S APRL 2021 b. R•urv•s po#¢y The th81itys net inc)Jrne less p8JTherts gave £45,￿8 bss 12020.. £1,641 k)$5} 8nd the market V81ue of the inveslments wa5 £1.434,10212020.' £1,031,583). It is the Tntstee's pdicy to maintain suffiaent reserves to fvnd the ongoing adnNnistrati¢Jn of the Ilusi overthè nexl fknan¢Yal year. Free reserves * the y•ar ond aro £40.34312020'. £79.704). boing th8 unre8trid8d funds ￿s8 the ￿8￿gnated fiJnd8. Confllct of Inl•f••t manag•m•rf Where 8 conflict of interest exists b8t*wn an aN￿L*nI and a Tnkn, the relevant Tvustee at*ta4ns from any decisi￿ re dislrlbutrt￿. SINctur•. gov•rn•nc• •nd m•nag•in•nt . Conthtlon The Hon E W C Weld Fore8ter Wll TnMt18 a (*8rlty. numb8r 1105582. 4nd was founded by ts Wlll of tho Hon E W C W8ld Forest8r datod 5 Sépt8ttthr 1946. The Truslfjos hcAd the Gapltal and Incom8 d the Tnist Fund w Tru$1 ts the oWe(th88 dadgred 8bov•. b. M•thod• of •ppolntsn•nt or •l•dl•)n of Tw•tM• Th• m8nagem•nt of the Charity 18 Ih? r•sponsknllty of th• Tn￿1•1$ Vkno *tod and cl￿P1¥d Lmdgr th• tems of the Twsl deed. c. Fln•n¢l•l rl¥k m•n•g•nwrt The Twslees have assessed Ihe major rfsks to *thlth the Ch8tlty Is 8XPDS8d, In pa￿(￿11￿r those related to the OperatiC￿S and financas of the Chanty. and aro sallsfiad thal systems and ￿￿eduleS are in plac4 to mitigal •xposure lo th• major risks. d. Inv••tffl•nt pow•rs Th• Trust••s hov• th• power to invest In ony Investhwnts wtrwl8ed ty18w fcff I1￿ Inveslment of trust funds. Page 3 THE HON E W C ￿LD FORESTER IMLL TRusr TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2021 stat•m•nt of Trnste•s' rv•poMlbllO•s The Tvustees are resF*)nsiblt fc* prep8ring the Tnjstees. reF#Yt ond the financial stalemerts in accordBnce with applica￿8 k8w and UThied lfjngdcyn AGcounling StandaTds (United Kingthn Generally A¢￿PIed Acrountyng Practice). The law appticabl8 to tharities in ErwJTrar￿ & W*$ req￿ tho Trustees to tffepare financial stsiements for each flnanclal year glve a Iwue and tslr ￿eW thè state of affalrs of the Charfty and of Its Incomlng resources and application of rewjrces. Inckndlng Its inLxme and expgndlturè, for thAt perfod. In wèpwing these nandal ststements, the Tn￿ are req￿red to: seknt su118b￿ 8ccounllng then apply them c4Jnsislenty. ¢)bs¢ryo th¢ Methods and principles of the Charities SORP IFRS 1021: make ludgmenls 8nd acc￿n1*ng estlmates Ihat arn reasonable and wudenl: 5t8te Nthether applicable LIK *£C￿nting Standards IFRS 1021 have bew followed, suw lo any mal¥rial dewrturgs disdosed and èxplain8d in the fin8nc381 ststem8nts; prepar8 th8 ftnandal Statements M th• gthg OJrtc*m b#%lB ft18 InapprLyMa to wèsumé trlal Iha Chartty vhH conts.nue In tsjskness. The Trustee8 are resp￿ltIe ftw k88iMng adewate acLy￿￿ttng w)Tds that are rjjffityenl to and explaln Ihe Charivs transacts'ons and disck>68 with 8cuJr8¢y al any tsmo th& financiAI positi'on of tha Chanty d en8bl8 thom lo erwre thal the fin8naal st8lem8nts compty wth the Charits"es Ad 2011. the Chbnty (Accounts #nd Réports) Regulations 2C118 and the of tr¢e Tn￿l deéd. They are 8150 ￿sponsible for safeguarding the 8SS8ts ol the Ch•rfty and hence tsking stws for lh• pY•venbon and detection of fraud ond 0th8r Irr•gularitl•s. ApWOv￿ by txder ofthe olthe i¥)ard ofTntsts86 and swd on thdr bohaw by: IlrCJSW Tnjsle Page 4 THE HON E W C WELD FORESTER VaLL TRUST 4DEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED S APRIL 2021 Ind•p•nd•nt Examln•es R•port to th• Trust•es of Th• H•)n E W C W•ld Foff•st•r ￿11 Trust rtho Ch¥rWI I report lo the ttwrity my exa￿Anation of the attxwjnts of the Charity for the ye8r endexl 5 April Respon•lbllltle• and of R•port As Tnjslees ol the Charfty Y￿ am re8rLM￿tl8 the of I￿ acojjnts In ac(>Jrdancè wlth thè r8qulremenls of the ChariJos Acl 2011 nhg 2011 Arf}. I report in respect of my examination of fv Charitys acr￿jnts caThied ￿J1 under sec￿￿ 145 of the 2011 Acl and in caryng out my ex8mination I have fouowed the applcable Directions gN&n by tho Charity Commission under secb'on 145(51{bl of the 2011 *LI. Ind•p•nd•nt Ex•mln•e• St•t•m•nt Your 8tt•ntion is drawn lo the lact that lh8 Charity has pryred the accounts in acw¢Janc8 Accounting and R¢porb'ng by Chariti'es.. Statement of Rec£rfnmended Practice 8KWicat4e lo c*aribes proparing the accounts 6n ￿￿ordance wth tho Finandal Repyong Slandorll applicable in the UK and Repu￿1¢ ol Ireland IFRS 1021 in preferance lo the Acowrrtlng and Rwting by CharfJe5: Ststemenl of ReCOmTh￿nded Pracllce lssugd on 1 Aprtl 2LK15 bB referred to In the extsnt Tegu1BttC￿ tArt t¢88 be8n wlthdrawn. l understand that thls has been d￿8 In ¢ydeT lor the ac(XMJnts to provlde a true and falr vlgw In a¢tYJrdan¢g wlth 2015. I h8ve compbted my eXam￿atron. I confirn that no malters ha￿ come to my alt0ntk￿ kn o)nnth tr xamination giving me caus8 to bekeve thal in any maierial respect.. accounting rewds wer& not kept in respect of the Chanty as rwuirgd by 130 of the 2011 Aca; or the awrrtg do not 8coJrd those Tec4Jftls,' or the ac>)JJnts do not r￿pty wlth the appbcable requlrements cwceming the forn and content of a¢ccAmt8 Jel Lxrt the Charfttes [A¢￿vnI$ and ReF￿s) Regu18kns 2CW)8 other th￿ any requirement that the accounts glve a In￿ and falrf vlew 18 not a matter conthr¢d •8 part of an Indopwdent examlnallon. I h8v¢ no LyJn¢errfa have across M other matteTr In c¢jnn8thl￿ wilh the examination lo wthich 8ttgntlon sh￿Id be dravm In Ihis feF¥Ni in Lyder to enab￿ a und&5tanding of the accounts to be This report Is ￿ade s(Aely to the Chawivs Trustees. as a body. In att•Jnlan¢8 Part 4 of tr¢e Charfues (A￿unts and Rep(*tsl R8gulatt￿s 2(X)8. My W￿rk has baen urKlwtaken so that I might stBte to the Charitys TNstees Ihose mattus 1am required to state to them in an Independent examinerfs rewt and for no other PUFpose. To the lullest extent pernitted by 18w, l (k• not aLxepl Ix 8s8ume responsibibty to anyone other than Ihe Charity and the Charitys Trustees 88 8 bDty. for my WO￿ or for this report. 08ted". 1610312022 BA FCG4 MIRPM TIM Lunt WR P•rtners Chartered A¢crAJntsnts Belmont House ShrewstKJry ￿nesS Pwk ShTewsbLKy Shry)shir8 SY2 6LG P8ge S THE HON E W C WELD F¢kgESTER WILL TrUST STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED S APRIL 2021 Unmtricted fvnds 2021 Tot•1 funds 2021 Total fvml$ 2020 Incom• from: Inveslm8nts 39,249 45,IX12 Total Sncom• 39.249 39.249 45.002 Exp•ndltur• on: Raislng funds Chorttsble ad1￿1185 &782 78,565 &n2 78,565 46,643 rot*1 •*péndKuré 14,347 84,347 46,643 N•t •xp•ndlturn b•for• n•t g•ln•l{lo•M•l on 145,0981 403,721 (1.641) (206.939) Net galnsllb)s888) r*) knve8lment8 403,721 Not Incom•l{•xp•ndltur•l 358.623 358,623 (208,580) N•t movwn•nt In lund• 358.623 358,623 (208,580) R•¢onclllatlon of fvnd•: T￿81 lunds brought forward Nel rnovemenl in lunds 1.110.039 1.110,039 358,623 1,318.619 (208.580) T•tsl fund• ¢•rrl•d 1orw•rd 1.468,fj61 1868,662 1,110,039 The Ststement ol Fln8ncW Acovllles Inthd68 81 gains and losses reoJJnised •) the year. Th• notes M pages 8 to 15 fcrtm port ofthese fm8nwl Stst￿ents. Page 6 THE HON E W C WELD FORESTER ￿LL TRUST 8ALANCE SHEET AS AT 5 APRL 2021 2020 Flxad asaats Investments 1,434102 1.031.583 q,4341112 1.031.5&3 Cury•nt Cash at bank and In hand 85.lJO 102,704 84430 102,704 Cred￿Or8.. amounts falllng wlthln c 150,8701 (24,248) 14•t Gurr•nt au•ts 78,456 T¢)tsl ••Mts l•M cuff•nt Il•bllltl 1,468,662 1.110,039 Total n•t ass•ts 1.468.662 1,110,039 Ch•rlty funds Unrestricted fvnds 10 1,468.662 1,110,039 Tot•1 lund• 1,468,662 1, 110,039 The flnondal Btaternents were aFv[ov￿A and authoriged for i88ue by the and slgned ￿ thelr behaw by: Mr C J Vlhft•k•r Tru$t<• D$ie= J pj loll, ThB notss on pag85 8 to 15 lonn part ofthBSB fmanl1￿ siaiBmwts. Page 7 THE HON E W C WELD FORESTER MLL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 A¢¢ountlng polld•s 1.1 8••l• of pr•p•r•llon of financlal statem•nts The fin8ndal statements have been wepA￿d ¢n aCCud￿ thg Ch8ritiès SORP IFRS 1021- Accounllng and Repcffts'ng by CharTtles: Statement of Recomm8nded Pr8Ctke #pplitatAe to charltles F*ep8￿n9 Ihwr a(tsunts In aCI￿anCe Ihe Financial Reporting Stsndard applicatAo in the UK and Rewbllc of Ireland IFRS 1021 leffect.ve 1 J8nu8ry 20191. the Financlal Repc*trng Standard 8wlic8ble in the UK and Repubtic cl Ird8nd IFRS 1021 and the ch8rlts.os Act 2011. The finanu81 stst•mthts have been PTepared to give a Inje and f8rf view and h8ve dep8rted from the Charibes IAw)unts and Reports) Regu18tions 2008 only to th8 èxt8nl reqtjirnd lo provide a Irue oThJ fairf view. This departura has invdved folkn¥ing the Charities SORP IFRS 1021 published in OCto￿r 2019 rathgr than th8 Acc(yJnting and Rewling by Charthes.. Statem￿1 of Recommended Practice effedlve l April 2￿5 ¥thich has slnct been vmhdrawn. The Hon E W C Weld F(Y¢ster Will Tn*t meets the definlljon of a PLbblc benefft en￿ty under FRS 102. Assets and liab51i1188 ar8 Initially r8(x)Jnl8&J at hlstorfeal o)st or trBnsacUon valu8 unl￿3 otheNlse staled in the r818¥ant ar&¥jUn￿￿9 polw. 1.2 Incom• All income is rectsjnised once ihe Charity hgs entitlement lo tho income. il is PToboWg that th8 riic¥)me will be r￿e1Ved ahd Ihe athounl ol income receivable Gw bo meatsurnd refiably. 1.3 Exp•ndltur• Expendlture 1$ r8o>anLq￿ cffic* there Is a cty$ts￿￿VO obllgauon lo transfer 8conomlc benefll to 8 thlrd p8rty. It Is wobatA8 that a tran8ler 01 8conomic beneffts wlll be required In settlement and the amount of otAvJation can be me&wred re￿a￿y. Expwdltttre Is dassrned by actlvlty. The costs of fjach actlvlty are made up of the lotsl of dired cnsts and shared costs, Induding supptht ¢(*ts Invow in urK1erta￿.ng each actrvity. Dire(a costs attn'butsble to 8 8inglB actsvity ar¥ dloc8tgd directy to that actmty. Sh8red costs which contribute to mots than one 8Ctivity and support costs vthith 8re rKJl attribu18bl8 to a single activity 80 apwbonod ￿ty¥&8￿ th058 activitios C￿ a baws ¢￿S13tent wilh us• of r•styJTCOS. Central $18ff ¢))st8 8r& 8lloc8thd on th bosis of time ynl. and deprec48tOon tharges ¥lk¢8led on th8 pytion of the a55et's use. Expenditure ￿ rnisA)g funds in￿deS all expenditure irturred by Ih Charlty lo raise funds for 115 tharilable PUTFWgS #nd in￿￿&8 costs ofall fundwing acaNitio8 evonts and nl￿Th•nts frx th• 8wyl¢￿ It must wowde. ProvisI￿S are measured 81 th• estimate of thtr 8rrwnts rnquired to settle the obligation. Where the effect of the tlme vèkn of money is matwial, the prowsion is based on the present value of trh)8e 8mwnts. discounted 8t the prfrtax discount rate Ihat ￿flaG1S the risks specrfic to tho 118bility. The umnding of th• diswinl IB rwle•d in the Stalemonl of financi818Gts'v¢ligs as 'nan¢e c061. 1.7 FlnaThcl•l In8trum•nts Th& Charlty onty has fin8nd818ssels and finandal118b14Je$ of a klnd that qualffy as badc fflnBnclal Instruments. Bawc fin8nu81 inslruments are inOb"alty recoJnised at tran58dfiori value and 8ubsequ8nty ffle8sured JI thw s8tttwnwtl value vrilh the exwt#x of bth( 108ns 8r Subsequenlly measure(18t wnrylisd cost uslng the eff￿tive intw•st method. 1.8 Fund accounllng General funds are unr88trided availab￿ use 8t the disryetion of the Trustees in fvrtherance of the goneral obj'ectives of the Charity vthith have nol been designatod for other Deslgn8t8d funds comprise unTestrlct8d fvnds that have been set a￿de by thè Trustees for parbojlar PUryK)ses. The aim and Lsse of each design81ed fvnd is set uJt in the notes to finandal statements. Pa9e 9 THE HON E W C F(￿TER WILL TRUST. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 Inv••tm•rf lficom• Totsl Total tuf 2020 funds 2021 2021 InC￿e from stocks * shares 39,249 39.wj 4&0Q2 Totsl 2021 39.249 39,249 45,002 Totsl 2020 44LW2 45,002 Inv••tm•rt m•n•g•in•nl co•ts Unr••trlct lunds 2021 Total fund* 2021 funds 2020 Invesknont management lae8 5,782 5.782 Totsl 2011 5,782 5,782 Tot812020 Tha￿91• ol grnnl• Grnnts to Indlvldu•lg 2021 Total lufids 2021 Tol nds 2020 Distributions to ￿(liv[dual$ 72.550 4&0C T(*tal 2021 72.550 72,550 Total 2020 Page 10 THE HON E W C VELD FORESTER MLL TRUST NOTES TO THE FIP4ANCIAL STATEMENTS FOR THE YEAR ENDED S APRL 21121 Anatysl$ of •Xpend￿n by •thlll•s Grant funding of a¢tivi15e8 Support Tot•1 Total fvnds 2020 2021 Chorilable expendityrg 72,$50 6,015 78,$65 46.643 Total 2021 72,$50 6,015 78.565 46,643 rotsl 2020 4&C 1,643 46,643 An•ty•l• of •upport co•ts Tptal AdMll•s fvnd• 2021 2021 Total 2020 Sundry expen8e8 Insur8nC8 Governano c¥)8ts 395 493 5.522 5,522 1.248 6.015 6,015 Independ•nt examln•fs r•murwrntlon 2021 2020 Fees PaY8b￿ to the Ch8rftys independent exam¥￿r ffx the k)d•r*ndent ¢xamin8ticffi of th• Charivs #nnual ac£wnts Fees Payab￿ io tr* Ch8ntys independ￿1 e¥AmThr in respgc* OP. Cts services 1.206 1,158 Page11 THE HON E W C VIELD FORESTER WILL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 TN#t•M' v•mun•ra￿ty1 •nd •xpwwe During the year. no T￿￿e¢S rnmurwaticffj LY other (2020- £NILI. DLsring th• erthd 5 Awil 2021, no trustw ex[￿585 hgv8 been inaKTed (2020- £NIL). Flx•d 48S•t InvMtm•nts Ll¥ted Inv••trn•nts Co•t or v•lu•llon Al 6 2020 Addth'ons 1,031,583 88,87 164.8251 378,465 Disposals Revaluati( At 5 Awll 2021 1.434.102 N•t book v•lu• At 5 ￿ri12021 1.434.102 At 5 *>rt12020 1.031.583 The Investments ar8 am listed In¥ostrnents. hekl In th¢ UK. Cr•dttorn: Amounts falllng du• *llhln on• y••r 2021 2030 A¢cnJ815 50.870 24,248 Page 12 THE HON E W C IhELD FORESTERWILL TRUST NOTES TO THE FIMANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2L121 10. Stat•ment of funds Stat•m•nt of fund•. cumint y••r •nce at 6 Awll 2020 Transf¢r¥ Inlout Oainsl 8•lance •1 5 ILoii••) April 2021 Incom• Expendltyrn Unles￿cl¢d fundty D••lgn•tod funds Design8le(I Funds- 811 fvnd$ 1.029,940 1&782) 403,n1 1.428,319 The designate(i fund ￿18$ to invesknents hèh1 by the t*anty and In￿r¥ c08t of ￿￿oIng Ihe Investments. G•n•ral fund• General Fund8- all fvnds 8.56S) Total Unr••tsl¢l•d fund• 1,110,039 39.249 184.347) 403,n1 1,468.662 Page 13 THE HON E W C IhELD FORESTER ￿LL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2021 10. St•t•ment of funds Icontlnu•d} Stat•m•nt of lynd•. wlor yur 8alance al l Aw12019 trwnste Balance ai (Losses) 5Apnl 2020 Unr•strlcted funds DésT4llat•d fvnds Oesign8tad Funds . 811 fiJnd$ 1.264,645 (T49) (206.939) 1.029,940 Q•n•rnl funds General FurKI$- 011 fijnds S3,974 4&LX12 14&894J 27,017 80,099 Totsl fund• 1.318,619 4&002 f46.643) 27,017 1206,939) 1,110.039 11. An¥￿18 of n•t •s••ts b•t*Y•n fvnd• Anatysls of n•1 asmts b•tw••n fvnd•. ¢uTh•nt y Total lunds 2021 lund• 2021 Fixed asset inve8trn8nts Current assets Credth dL* thillin cth year 1,434,102 85,430 {50.8701 1.434.102 85,430 150,870) Total 1.468,662 1,46B,fj62 P8ge 14 ThE HON E W C IIELD FORESTER ￿LL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EP4DED 5 APRL 2021 11. Analysls of n•t as••ts b•1￿•￿ funds {contlnu•dl Anaty•l•