THE HON E W C WELD FORESTER MnLL TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 WR Partners Protecling your future.
ThE HON E W C WELD FORESTER WILL TRUST CONTENTS Page Reference and administra11 details olthe Charity, its and athis• Trustfjes. report Indepenfknnt exam11$ report Stalgment of Ilnaneial activities Balance sheet Not•$ lo th• financial statsmènls 8-15
THE HON E W C WELD FORESTER WILL TRUST REFERENCE AND ADMINISTRATNE DETAILS OF THE CHARrrY. ITS TRUSTEES AP4D ADvER8 FOR THE YEAR ENDED 5 APRL 2023 Trustees Mr C J S Whitaker. CXher- (Ple8se inwl details) Mrs H C Dyer Mi G E Hokls¥mrth Hunt The Htsn A E Connel, Chair Chayity registernd number 1105582 Principal offic• padrn House Hall Court Hall Park Way Telford TF3 4LX Accountants WR P8rlnef5 Chartered Accountants Belmnl House Shrewstsjry Busmess Pa Shrvwstjuiy Shropshire SY2 8LG Natwesl PIC 121 HpJh Slreet Oxford OX14DD Soll¢itor* MFG So1t0 PadffK)Te House Hall Court Hall Park Way Telford TF3 4LX stockbrokern E F G Harris Aild4y 33 Great Charfes Street BirmirNJham 83 3JN
THE HON E W C WELD FORESTER Y41LL TRiIST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2023 b. Reser¥•s policy Th• thArity's net in(Ythme lÈss paymenls gave £5.940 bsse5 12022.. £555 oains) and the m8thel value of the investments w&8 £1.341.71312022'. £1,480,971). It L% Ihe Trustee's pow to maintain suffKienl resenrts to fund the ongoing JrNnistrntn ofthe tn oNr ltte nexl fnan¢ial year. FTee reseNes at Ihe year end afe £36.101 (2022.. £56.579), beiry the unrnstrkled fvnds ss the design8led nds. e. Connict ol interest m•nag•m•nl Where a conllkl of Hiteresl exists belween an aF4nl 8NJ a Tn. the relevanl Tnthe af15thi from any decision rè dLstn"butions. StnKtitr•i gov•Ynance and m#n•g•m•nt a. Constitutlon The Hon E W C Forester WIM Trust ts a regbs1er chry. number 1105582. and was fouNled by the IMII ollhe Hon E W C V4ehJ Forester daled 5 Septembef 1946. Thg Trustees hokl the caplal arJ Incorm ofthe Trust Furnl upon Tntst forlhe declarnd above. b. M•thods of appointsm•nt or ol•clion of Trusl••s The m¥nagefftht of the Chqrlty L5 the reswtillty of the Trustee5 are ele¢aed aThJ cwed under the terms ol Ihe Trust deed. c. Financlal rhk manag•m•nt The Trustees have assessed the major [kS lo which the Chaiity i8 elwsed, in partlar those relaled lo the operations 8nd finances of Ihe Chanty, and are salisfied that sysleff6 wOcedU are in place lo mhwote exwsurn to the mgjor risks. d. Inv•sbn•nt pmrs The Tmstees have the pmr Io bnvesl in any investrrnts authorwl by law for the inve5trrnt oftrust funds.
THE HON E W C WELD FORESTER YIILL TRUST TRUSTEES. REPORT FOR IHE YEAR ENDED S APRL 2023 The Trustees present Iheir annu81 rerrf>rt logether wiu) the ffftancial Statents of the Chafy for the year 6 A1 2022 10 5 April 2023. Objectivfjs and a¢ti¥ities . Pdi¢i•s and otiiecliw•s The Truslees wish to corrtinue lo appty tile annual income of the trnst in armrfance wlth the Will of the Hon E W C Wekj Foreslefdal&J 5 September 1918. The objecll4es of the v11 Trust arn to appty the annual for the wrpose of wovhjmg 8 IKffltr for and olherwtse for the benefft of such one oi ftre eXclusilY of Ihe Hon E W C Wekl FoSte¢S brothets, sislern, nephwts and nie(s arhd their respecifft issue and the sur¥i4tyThJ husband or wife of any such peison who shall be poor and needy and in the opinknn of the Tnjstees suitat feciwnts of chèrty as the Trustees shall think fft. In setting oty'eclis and plannino for adivie5, Ihe Tnjslees hab given due Cons¥jer8tn to general guhJ8nce published by the Charity Cornlon relatiNJ benefrt. the gubjance PUbTr benefft: running a charity {PB2)'. b. Grant4Nking policies The charit8b fijnds aro dL51ributed in line wtéh the notes atthe. c. Maln actlvlli•¥ und•rtak•n to furth•r th• Charity's pwpose$ for the public n•t11 The Trustees ¢onffifm t1 Ihey h8ve Trfeffed to the revised publK benefl gu&re ContsInl in Ihg Charity Commiss,$ 9eneral guN1ance when reViewid the Inj.$ airns 8NJ objectives 8rKI in planniw future dislrfbulions. Achigv•m•nts and performance a. R•vi•w of acti¥it• Throughout the year. ltte InNstment wrtfolio has l)een managed to prolvde a stream of income for distrflyjlbn 19 benefiaari&s. b. Investrnent policy •nd perfornMnc• The Trustees have instwded the stocte[S to otr8te a teffli investrrnnt strategy. tal¥d a Th18te risk approach. and al to achve a balance b8len geneTrliThJ incorne and capital grth. Financial review a. Going con¢em After making apprDpriate ewtsiries, the Trustees have a reasonable ey¥Clan that the Ch81fty ha5 adequate SOUTces trj co¥)tinue in operalKJnal exLStence lor the foresee8trAe fulurp. For this re8son. they contsnue to adopt Ihe going Gonttm basis in piepating Ihe fInarla4 slUlErr5. Full1 Oetats 3a19 Ihe •JotAion of the 90ing concem basis can be found in the accounliwJ polic.
THE HON E W C WELD FORESTER WILL TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED S APRIL 2023 Statement of Trustees. rgsponsibiliis The Trustees are responb for preparing the Truatees. rewt 4ThJ the ffinanclal ststeThEms m acranCe with applicatAe taw arnl Unit&J "ngdorn ACcoUntw &arxJards (Unitwj KiNJlom Genernlty AWed AccountirwJ Practice). The law applicable to chall1$ In England & Wales wuwes Ihe Truslees to wepare fin8ncJal statements for each financial wthich give a true and fair Mew of the state ol affai of Ihe Charity and of rts incoming fySOUfces and applution of resources, induding its inu)me expendrture, for that peiiLJ. In tKepaiing these financial slalement5, the Trustees are required lo.. select suit•e afxfjunting Folic4es and then 4ppty them coThsi¥ertty; obseNe the melhcds and prinuple5 01 the Chariiies SORP IFRS 102)., make judgments and accountlng estimates that are reason8ble 8nd prudent., state whether apkyicable UK Act4)unltng Standards {FRS 102) have been 11j. su¥ecl lo 4ny material departures dtsdosed aThJ explained in the ffin8ncial statements,. prepare the fts)an¢ial stalements on the gomg concem basis unsS is inapwoprigle lo wesumg that the Charily will continue in business. The Trustees are Sponble for keeplThJ 8dequale aetounling rec¥)rds Ih81 are SLfficienl to sho aTra explain Ihe Chanty's transalOn$ and dtsclose wrth reasonable 4racY al any lime the fin8ncial rM)sitK)n of the Charity and enable them lo ensu th81 the fin8nck91 sl8lements compty with the Ch8rils Ac* 2011. the Ch8rrty (Accounts and Reports) RegulatnS 2008 aTrJ Ihe FviSn$ of the Trust degj. They 8re responsible for safeguanjing the assets of the Charity hence for taking reason8bbe Step tor the twevention and deledion of fraud and otr i(regulai#i&s. Approved by order of the members of Iho of TNstees and signed on they b8hall by: Th• Hon Mrs A E Connell Trusteo D41e'. 10 IL ZOL?
THE HON E W C YELD FORESTER WILL TRUST INDEPENDENT EXAMINER% REPORT FOR THE YEAR ENDED 6 APRL 2023 Independent Examlnef$ Report to the Trust••s ol The Hon E W C Weld Forester WIM Trust Ilhe Charity.) I report to the charity Trustees on my examintin of the a(wJnts of the Charity for the eMl&J 5 AprH 2023. R•$ponslbiliths and Basis of Report As the Trustees of the Charity you are reswnsibbe lor the pftpgratM)n of the accounts in [danCe wlih the requirements oflhe Chanlies Aci 2011 nhe 2011 Acr). I rekyjrt in w&( of my exana of the Chails acewrts urthr sedth 145 of the 2011 A and in carrying out my examin8tion I h8ve fr1¢1 Ihe applble Direots)ns gIn by the Charity Ctsmmiss6on under seLaK)n t45151(bl of the 2011 Art Independènt Examinevs Statem•nt Your 8ttenlion is lo the fat# tho1 the Charty has weparnd the wx4)unts In actordanc tlh AcfX¢unliFVJ and Report1 ty Chanties.. Slalement of ReCorrded prath Applb to charit weparing the aeLounls ts) accordance wrth the FinAnrial RorA)rtW Stand•wd ApplKabl8 in thc UK RewblK of Irelai {FRS 1021 in pfefenCe to Ine Accounling and ReForimg by Charities.. Statement of RenNendeA Praclice issued on 1 Aprf 2005 whKh is relerred lo m the extsrtt rngulalnS bj¢ has beèn witlwJrtr•4n. l undefsland that this has been done in offler for the aco)unts to FKovJe a In aThJ fair in ac£offJance with the Generalty Accepted Accounting PraclKe effecti fof reportiFVJ rerK#ts beginnino on or after 1 January 2015. I have comete my ex8rYMn8llon. I confimi Ihal no matters have come to my 8ttenlJon in Cne[lon with the examinalitin giving me cause to believe that in any material respeci.. acc04Jnting trdS were nol kept in respe(2 of the Charity as (eouyed by seclknn 130 of the 2011 AQ.. or the accounts do not accoryj wtlh those reCOs. or the ac£o¥Jnls do not compty with the requirewnts conCeM Ihe lo arlts cortenl of 8fxounts sel out in the Charties IAc£ounts a1 Reports) Regulatn$ 2fX18 other than 8ny rtquirement Ihal the accounts give a IFUe and laif vitr ¥kh 15 ncrt a matter c4Ms1 as part of an irK1ependent examinstion. I have no wnLYmS h8ve conE acmss no other mattets in connedwjn with the eyarrination lo which attention shouhl t drawn in Ihi8 report in order lo enable a uletAnduJ of the a(•)unts to be reached. This rep L8 solely lo the Charitys Trtees, as a iKJy, in arzoance wilh Part 4 01 the Charities (Accounts &nd Rewrt5J ReguL4tions 2008. My has been undertaken so th8t I rn1rt state to the ChBniy's Trustees those rnatters 18m required to state to them in an IrMlepeTrJent ex8minef5 rerKIrt and for no other purpose. To the fvllest exlenl pemirtted by law, I do not accept or 85surrt SponSlIrtY to 4rryone other than the Charity and the Charity's Trustees as a ty. for my or forthis report. &gned". rim Lunt Datsd.. 1810112024 BA FCCA PAIRPM WR Partners Chartere(l Accountants Belmont House SIliEW51ry PAJsiness Park Shrewsl)ury Sh¥Dpthire SY2 6LG
ThE HON E W C WELD FORESTER WILL TRUST STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED S APRIL 2023 Total funds 2023 Total funds 2023 2022 Income fTlXn: Investments 61.063 51.(1 48.627 Total income 51.063 61.063 48,627 Expenditure on.. R8i5irMJ funds Charitable adimties 10.162 46151 10.152 46.851 11,064 37.(X78 Total èxpenditurn 57,003 67.003 48,072 Not lexpend1tw•ryn¢orne b•f¢x• n•t {lou•sygakn• on inv•stments Nel Ilossesll9ains on Mive5knents 16.940) 1162.8701 15,9401 (162.870) 555 57,269 N•t (exndIrVInc¢)fft• (158.8101 1158,8101 57,824 Net mov•m•rt in fund• 1151.010) (158,810) 57,824 Reconclllation of funds: Total funds bmughl forw8r Nel movement kn funds 1.526,486 1168,8101 1.526.486 1158.1110) 1.468,662 57,824 Total funds ¢arnied forward 1.367.676 1.367,676 1.524486 The StBlement of Finanlial AdNities fftdudes all gaSns and losses Tec4)gniwJ in the year. The notes on paL4es 8 to 15 fonn part of Ihese financial statements.
ThE HON E W C WELD FORESIER %LL TRUST BALANCE SHEET AS AT 5 APRIL 2023 2023 2022 Fixed assets Investments 1,341,713 1,480,971 1.341.713 1,480,971 Curr•nt assets Cash at bank aTrJ in hand 74I0J 79.476 74.503 79.476 CreditOf5'. amounts tslling due within one year 148,S401 (33.961) Net ¢urrfjnt asws 4&515 Total a$ts less ¢urr•nt liabiliti•• 1.367.676 1.526,488 Total net •*s•ts 1.367,676 1,52tl,466 Charlty funds Unrestricted funds 10 1.367,876 1,526.486 Totsl funds 1,367,676 1,526,486 The financial StateThnts We 4Fvoved and aullmxised for issue by Ihe Tru4ees swJned on Iher bèhaw by: The Hon Mrs A E conr11 Trustee Dale: The ne5 on peS 8 10 15 form p8rt ofthe5e financaal statemerrts.
THE HON E W C WELD FORESTER WILL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 5 APRL 2023 Accounting policies 1.1 Basis of preparntititt of fiThanci•l slat•n•nts The financial slatements have been FrybaTwJ in acco8 wilh the Ch8it5 SORP (FRS 102) . Accounting and Reporting by Chanties.. Slatemeni of ReCrrnded Pf8di( awicable to charities preparing their actounts in a(£orOance wrth the FM18n¢ial Reporting Standard apty'calAe in the UK and RepuNic of I14nd {FRS 1021 (effedibt l January 20191, the Financial Rewrling StaThJar 8pplicabie in the UK and Retr'C of Irela1 (FRS 102) aiKI the Charrts ALI 2011. The fin8ncièl statements have been wepared lo gi a Irue and f8¢ Wi and ha departed from the Ch8rrts {Accounts and Rewrts) Regulations 2008 onty to Ihe exlenl required lo provvje 8 Inje and fair view. This departu has involved folwIng the Chatities SORP IFRS 102) published in Crtober 2019 rather Ihan the Accountw and ReKy)rtirwJ by Chariis: Stslement of Recommended Prac1& effediN from 1 2005 which has been withdrawn. The Hon E W C Weld Fornst8r Wll Tntsi the definilknn ol a public beneft •ntity undef FRS 102. Assets an(1 liabilities arn iniiially recc¥3nwd al hi510kn1 cosl or trnns8dlon value unlgs5 othe1$? stat&J in the relevant 8ccountiwJ ky. 1.2 Incomè All income is wnised onc the Charity has ent1vennI lo the inc. it is that Ihe Income will be recei and the amount of ¥)come receiv8ble can be aSured kn.ay. 1.3 Expgnditure Expendr(ure is reccgnLse(l once Ihere is a leg81 or conslnjdive 0JaIl0n lo transfer economic benefrt to a third pgrty, it is probatle Ihai a transfer of benefits wll be required In settlement arnl the anI of the otilwlion can te measured rek8bty. EyThJthJfe is dassif1 by acliwty. The costs of eac acliwty are matte up of the totsl of co&s aThJ shad costs, including suprxsrt costs involved in undertakirrfj each aNity. DirEci costs attributable lo a single actiwty are allocalett diredty to Ihat actNity. Shjred costs which contribule to rThJTe Ihan one 8cti¥hty and SUPFQrt cosls whth are not attiibutabk lo a single aclNtty are apportJned t¢tren those actiwties on a b8Si5 conststent with the use of resources. Cenlrnl staff ca) art alkKated on the b8sLS ofthne spent. aThJ deptK)n cnaiges 8lWted on the pOrtP 01 Ihe asset's use. Expefidrtu on raisiry funds inckmles 811 expendiluTe incurred by the Chanty to false funds for its chafltable purp)ses and indudes $ts of all frJrMlrai5ing aclNilies ewenls aThJ no¢allIable trading. on ch8rit8ble arjiN is HKuffed on di UrtaKi the adi¥Ie5 whth further the Ch8Tity's obiecaF¥es, 8s well as any asso(iated SUPfM)rt cos Grants payab are charged in the year the offer is maoe exi*irt in those cases where the offer is eor¥Jr(ional. suth grants bew reco3nised as expenditu when the Conditions attaching arv fulfilled. Grants offered stsbied to condrtw)ns whth have nol trxen met at the year end are noted as a commiiment. not accrued as eypenditure.
THE IK)N E W C yLD FORESTER WILL TRUST NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED S APRL 2023 Accounting policies Icontinu•d) 1.4 Inveskn•nts Fd asset in4estrrthts are a lom) of financial llthmènt arJ 8Te inilialty rec£¥Jnwd ai their tr8nsactK>n cost aThJ subsequentty measured al faif value at the Balance $et date, unle&4 the valtse cannot be measured reliab in whKh case it is w&sud al eosl less irrp8innent. Investment gains and losses, whether alised Of unrealtsed. are combmied and presented as 'Gainsl(Losses) on investments. in the Slalemènt ol financial actibls. 1.5 Cash at b•nk and in hand Castt al bank aThJ in hand Incl cash •FwJ short-term h•3hty l¥)uid in•Bsiments wlth a short maturity of thtee months or knss Irom ihe date of 8¢)iuisition or openirKJ of the dgpostt or slmllar account. f .6 Liabllititrs and provigions Liatiilit ore reecgnimd whon 55 an obligatitin •t Balan Uate as a r8suII Oi 8 past event. rt Is pwbable that a Iransfer ol econom benefft will be required in settbmenl, and Ihe amount oflhe Settlern1 can be estimated reliabty. Liabilities ore at the 8nM)unl that the Chanty antu"teS it wll pay lo settle the debt or the amoLtnt li has 8s advanced payrnts tor tho goods or servth 01 IYK151 prot. Provisions ale measured al the tst estimate of Ihe an)unIS requi to settle Ihe obligation. Whefe the effect of Ihe lime value of money is maierial. tpte provision is b8sed on the present value of those arNJunls. discounted 81 the pre-tax discount rale Ihat refle(Is ihe fisks speafic fo the li8bilrty. The unwindNYJ ol the dcount is recLVliSed in the Statement of finan(aal actilrfts as finance cost. 1.7 Financlal instruments The Charily only has financi818ssets aThJ financial liabilits of a kind that qU811fy as bBslc Ilnancial insirumen15. Basic financial Instnts are initlAlly rettrfJnised at transadion vtsluo and subsequenlty me8sured al their settlemenl value with Ihe exceptn of borAE loms whkh are subsequemty measure(J at atised Cost usir#J the effe(aTve inleresl 1.8 Fund accounting General fun(Js are unrestrided furwjs T•hich are av8Iatde for use ai ihe discretn of the Twustees in lurtherarKe ol the general Ob1Ve5 of the Chaiity 8Th1 whKh nave not desonated for Other purF4Jses. Designated fuThds compw unreslThX&J ftJN1s th8t have tjeen sel asKle by the TThstees for particuLgr purposes. The aim and use of each designat&l fuFwJ 15 sel out wi the notes lo finèntrAal statements. Investment KIC4)me. gaiFL5 and losses a 8kncated to Ihe atyowiate fu1.
THE HON E W C WELD FORESTER LL TRUST . NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Investment Income Total lund$ 2023 Tolal funds 2023 2022 Income trom stocks aThJ sh8res 51.1)$3 51.063 48,027 Total 2023 51. 61,0 48,627 Total 2022 48,627 48.027 Inveslmttnt managemont co Tofal fund¥ 2023 2023 2022 Investment management fees 10.152 10,152 11,064 Total 2023 10,152 10.152 71,064 Total 2022 11,064 11.t Anatysls of grants Grdnts to Individuals 2023 Total funds 2023 Tolal 2022 Dislritjutions lo irKllvKJu81s 40.781 40.781 28, 750 Total 2023 40.781 40.781 28, 750 Total 2022 28,750 28.750
ThE HON E W C WELD FORESTER VaLL TRUST NOTES TO THE FI•IANCIAL STA TEMENTS FOR THE YEAR ENDED 5 APR 2023 Analysis ¢f expenditsrè by aCtivitS Grant funding of 4divities 2023 Supwt Tolal 2023 2023 2022 Chari18ble expendilure 40.781 6.070 4(851 37,CQ8 Total 2023 40,781 6,070 46.aSI 37.t Total 2022 28. 750 8.2 37.c8 Analysi* of ¢upport costs Total Tolal 2023 2023 2022 Insur4rKe Govem8nce costs S87 5,503 587 562 T.096 6,070 6.070 8,258 Total 2022 8.258 8.258 Ind•nd•t examin•fs rnmur•ration 2023 2022 Fees p8yabFe lo the Charity's independent exarrmner for the iNlepeThJe ex8minatKJn of Ihe Charity's annual accounts Fees payable lo the Charills irthpendenl exaThiner ¥1 respe(a of.. other servus 1.416 114
ThE HON E W C bYELD FORESTER WILL TrUST NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Trustees. r•muneratioTr and expensfjs Durtng the syar. no Trustees recei4d any rerne11tin nr olher boneffts (2022_£hllLI. During the 3T eThJed S 2023. no Trustee expenses have been wrrell (2022- £NIL). Flxed ass•t investments Llsted investments Cost or valuation At 6 April 2022 Addilions DisposaL8 Revalu41iuns 1.480,971 69,421 150.760) 1147.919) Al S April 2023 1,341.713 N•t book val Al S April 2023 1,341.713 At 5 W. 2022 1,480, 971 The investmwts are all lisied In¥estnts, a1 are hekj UK. ernditorn: Amoun1¥ falling du• tllhin on• year 2023 2022 Trade Crndilots Accnjals 4Q740 1.8lXI 901 33,9fj1
THE HON E W C WELD FORESTER VIILL 1Rl T NOTES TO ThE RNANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 10. Ststement offunds Statement of lunds- ¢urrent yur Balafic• at 6 Awil 2022 Income ExdIlure Gain Batsnc• at S (Losstsl April 2023 Iout Unrestiict•d funds Designated funds DesvJnaled Funds- all funds 1.469.907 110.152) 24,690 1152,8701 1.331.575 The desnated fvnd relates to the inNestrywrts hekl ty the thaiity and Ihe c¢)st of hok11j the vestments. Genèral funds General Funds- all bJnd$ 56.579 51,0 146.8SI) 124.6901 36.101 Total Unrgstriet•d fuTrd$ 1026A86 51.063 157.003) 1162.8701 1,367.676
THE HON E W C WELO FORESTER VIILL TrUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 10. Staiement of funds {continuedl ststement of funds- wior year l A1 2021 (Losses) 5 Aml 2022 Unrestrictsd funds Designat•d funds Deshjnated Funds- 811 fiJnds 1,428,319 (11,064) 14.617) 57,269 1,469,907 Gora1 funds General FuThts- all ftrnds 40.343 48,627 (37.tW) 4.617 54579 Total Unrn$trict•d lunds 1,468,062 48.627 (48,072) 57,269 1,526,486 11. Amlysis of a*$ets funds Anaty¥ls of ntri ats b•tIn fvnds- curr•nt year Totsl funds 2023 fvnds 2023 Fixed asset investrnents Current assets Creditors due within one year 1.341.713 74,503 (48,540) 1,a41.713 74.503 148,540 Total 1,367,676 1.367.676
THE HON E W C YIEU) FORESTER MLL miusT NOTES TO ThE RNANCIAL STATEMENTS FOR THE YEAR ENDED 6 APRL 2023 11. AThaly$i$ rf net assets b•t48n funds leontlnwdl Arwfysis of net assets b•h¥een lunds. prior year fimds 2022 2022 Fixed asset investmenls Cujyent assets Credrtors due wilhNI one year I,W,971 79,476 (M961) 1.480,9TI T9,476 (33,961) Tot•1 1.520,486 1,526.486 12. Rel• party transactio It (s within the naiurn of the eharrfy th81 the grnnts aw4rt1wJ lo desceThleThJ5 of the l)n E W C Webj FOster. Any deusiofts regarding Ihe awardiTh) of of gr8nt$ 15 man8gtd through the use of the Ts1,5 Conflicts of Inleresl tK)Iw.