Charity number: 1105582
THE HON E W C WELD FORESTER WILL TRUST
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
WR
Pariners
Protecting your future.

THE HON E W C WELD FORESTER WILL TRUST
CONTENTS
Page
Reference and admlnlstratlve detalls of the Charfty. Its Trustees and advisers
Trustees. report
Independent examlner's report
Statement of flnanclal activllles
Balance sheet
Ntstes to the flnan¢lal statements
8-15

THE HON E W C WELD FORESTER MLL TRUST
REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 5 APRIL 2024
Trustees
Mr C J S Whitaker
Mrs H C Dyer
Mr G E HcAdsworth Hunt
The Hon Mrs A E Connell. Chair
Charity registered
number
1105582
Principal office
Padmore House
Hall Court
Hall Park Way
Telford
TF3 4LX
Accountants
WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG
Bankers
Natwesl PIC
121 High Street
Oxford
OX14DD
Solicitors
MFG Solicitors
Padmoro House
Hall Court
Hall Park Way
Telford
TF3 4LX
Stockbrokers
E F G Harris Allday
33 Great Charles Street
Bimiingham
B3 3JN

THE HON E W C WELD FORESTER MLL TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED S APRIL 2024
The Truslees present th￿[ annual report together wtth the financial statements of Charity for the year 6 April
2023 to 5 April 2024.
Objecttves and activities
a. Policies and objectives
The Trustees wish to continue to apply the annual income of the trust in accordance with the Wil of the Hon E W
C Weld Forester dated 5 September 1946.
The objectives of Ihe Will Trust are to apply the annual income for the purpose of providing a home for and
otherwise for the benefit of such one or more exclusively of the Hon E W C Weld Forester's brothers. sisters,
nephews and nieces and their respective issue and the surviving husband or wife of any such person who shall
be poor ancl needy and In the opinion of the Truslees suilabte req)ients of chanty as the Trustees shall think fit.
In setting objectives and planning for activtties. the Truslees have given due consideration to general guidance
published by the Charty Commission relating to public benefit, including the guidance 'Public benefit. running a
charity IPB21'.
b. Grant-making policies
The charitable funds are distributed in line wrth Ihe objectives notes atKJve.
c. Main acltvtties undertaken to further the Charitys purposes for the public benefit
The T￿Slee$ confirm that they have referred to the revised public benefrt guidance contained in the Charity
Commission's general guidance reviewing the tnjsl's aims and objecb.vos and in planning future
distrit)utions.
Achievements and performance
a. Review of activities
Throughout the year, the inveslment wrtfolio has been managed lo provide a slream of income for distribution to
beneficiaries.
b. Investment policy and perfomiance
The Trustees hav8 instructal their stockbrokers to operate a long temi investment strategy. taking a modèrata
risk approach. and aiming to aclN'eve a balance between generating illcome and capital growth.
Financial review
a. Going concern
After making appropriate enquiries. the Trustees have a reasonable expectation that the Charity has adequate
resourc8s to continue in operational existence for the foreseeable futuro. For this reason. they continue to adopt
the going concem basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the accounting Frt)licies.

THE HON E W C WELD FORESTER WILL TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
b. Reserves policy
The charity's net income less payments gave £6.300 gain (2023: £5,940 loss) and the market value of the
investments was £1.355.392 (2023: £1,341.713). It is the Trusteès policy to maintain sufficient reseNes to fund
the ongoing administration of the trust over the next financial yeai.
Free reserves at the year end are £51,864 {2023.. £36.101). being the unrestricted fijnds less the designated
funds.
. Conflict of interest managemenl
Where a conflict of interest exists between an applicant arKI a Trustee. the relevant Tntstee abstains from any
decision re distributions.
Structure. governance and managemenl
a. Constitution
The Hon E W C Weld Forester Will Trust is a registered charity. number 1105582. and was founded by the Will
of the Hon E W C Weld Forester dated 5 September 1946.
The TnJst8es hold the capital and income of Trust Fund upon Trust for the objectives declared above.
b. Methods of appointment or election of Trustees
The management of the Charity is the ￿s[K)nsIbl11ty of the Trustees who are elecled and c(Fopted under the
temis of the Trusl deed.
. Financial risk management
The Tfustees have assessed the major risks to whi(* the Charity ss exposed, in parb"cular those related to the
operations and finances of tho Charity, and are satisfied that systems and procedures are in place to mitigat8
exposure to the major risks.
d. Investment powers
The Trustees have the power to invest in any inveslments aLrthorised by law for the investment of trust funds.

THE HON E W C WELD FORESTER WILL TRUST
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED S APRIL 2024
Statement of Trustees. responsibilities
The Trustees are reswnsible for preparing the Trustees. report arml the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (Unried Kingdom Generally A￿pted Accounting
Pr3Ctice).
'rhe law applicable to charities in England & Wales requires the Twstees to prepare financial slatements for
each financial which give a true and fair view of the stale of affairs of the Chanty and of its incoming ￿sOurceS
and application of resources. including its income aTvJ expenditure. for that period. In preparing these financial
statements. the Trustees are required to..
select suitable 8ccounting pdicies and then apply them consistenty:
observe the methods and principles of the Charitss SORP {FRS 1021"
make judglnents and accounting estimates that are reasonable and PnKJent",
slate whether applicable UK Accounting Standards (FRS 1021 have been followed. subject to any material
departures disclosed and explained in the financial stalements-
prepare the financia statements on the going COr￿ern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Truslees are reswnsible for keeping adequaie accounting records that are sufficienl 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 stalements comply wrth the Charities Act 2011. the Charily
(Accounts and Reports) Regulations 2008 and the provisions of ihe Trust deed. They are also responsible for
safeguarding the assets of the Chanty and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the rnembers of the board of Tnjstees and signed on their behalf by:
The Hon Mrs A E Connell
Trustee
Dale..
03 12 lol

THE HON E W C VVELD FORESTER WILL TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 5 APRIL 2024
Independent Examinerfs Report to the Trustees of The Hon E W C Weld Forester Will Trust (Ihe
Charity.)
I report to the charity Trustees on my examinalron of the accounts of the Chanty for the year ended 5 April 2024.
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 ACY).
I report in respect of my examination of the Charivs accounts ￿arried out under section 145 of the 2011 Ad and
in carrying out my examination I have followed the applicable Direckn'ons given by the Charity Commission under
section 145(5)(b) of the 2011 Act.
Independent Examinerfs Statemenl
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance wtth Accounlillg and
Reporting by Charities.. Statement of Recommended Practi￿ applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard appiicaf)le in the UK and Rèpublic of Irelan(l (FRS 1021 in
preference to the Accounting and Reporttng by Chariiies.. Statemenl of Recommended Practice issued on 1 April
2005 which is ￿ferred to in the exlant regulations but has been withdrawn.
l understand that this has been done in order for the accounts to prwde a true arKJ fair view in accordance wth
the Generally Accepted Accounbng Practi￿ effectsve for reports.ng pericKJs beginning on or after 1 January 2015.
I have completed my examination. I confifm that no matters have come to my attention in connection with the
examination giving me cause to bdieve that in any material respect:
aGcounting records were not kept in respect of the Chanty as requI￿d by section 130 of the 2011 Act., or
the accounts do not accord with those records; or
the accounts do not COm￿Y wth the applicable requirements conceming the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other Ihan any requirement
that the accounts give a 'tfue and faif view which is not a matter considered as part of an independent
examination.
I have no concems ar)d 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 undersianding of the accounts to be reached.
This report is made solely to tt)e Charitls Trustees. as a bcyty. in accordance with Part 4 of the Charrties
{Accounls and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charitls
Truslees those matters l am required to state to them in an Independent examiners report and for no other
purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the
Charity and the Chariws Trustees as a body. for my work or for this report.
Signed..
Dated". 1611212024
Tim Lunt
BA FCCA MTPI
WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

THE HON E W C WELD FORESTER MLL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2024
Unrestrlcted
tunds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Investments
51,424
51,424
51,063
Total income
51.424
51,424
51,06.3
Expendlture on:
Raising funds
Charitable activilies
9,599
35.525
9.599
35,525
10,152
46,851
Total expÈnditur8
45.124
45,124
57.00.9
Net incomel{expenditure) before net gainsl(losses1
on investments
6.300
28,419
6,300
28.419
(5,940}
(152,870)
et gainslllossesl on investments
Net incomel(expenditure)
34,719
34,719
(158.810)
Net movement in funds
34.719
34.719
{158.8to)
Reconciliation of funds..
Total funds broughl forward
Net movement in fLJnds
1,367.676
34,719
1.367.676
34,719
7,526,486
(158, 810)
Total funds carried forward
1.402.395
1,402,395
1,367,676
The Stslemenl of FinancknAI Activities incI￿leS all gains and losses recognised in the year.
The notes on pages 8 to 15 fomi part of these financial statements.

THE HON E W C WELD FORESTER ￿LL TRUST
BALANCE SHEEr
AS AT 5 APRIL 2024
2024
2023
Note
Fixed assets
Investments
1,355,392
1,341.713
1,355.392
1.341,713
Current assets
Cash al bank and in hand
ri.423
74,503
77.423
74. 503
Creditors: amounts falling due within one
year
(30.420)
(48.540)
Net current assets
47,003
25,963
Total assets less current liabilities
1.402.395
1.367,6T6
Total net assets
1,402.395
1.367,676
Charity funds
Unrestricted funds
10
1,402.395
1.367,676
Total funds
1,402,395
1,367,676
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
The Hon Mrs A E Connell
Trust88
Date".
05 11 ZU
The notes on pages 8 to 15 fomi part of these finanoal statements.

THE HON E W C WELD FORESTER WILL TRUST
NOTES TO THE FNANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
Accounting policies (contiftued}
1.4 Investments
Fixed asset investments a￿ a of finar￿181 instrument and are initialty recognised at their
transacti{￿ cost and subsequently measured at fair value at the Balance sheet date, unless the value
cannot be measured reliably in which case rt is measured at cosl less impaiment. Investment gains
and losses, whether realised or unrealised, are combined and presented as -"Gainsl(Losses) on
investments, in the Stalement of financial activities.
1.5 Cash at bank and in hand
Cash al 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.
1.6 Liabilities and provisions
Liabilities are rocognised when the￿ is an obligatK)n at the Balance sheet dat8 as a result of a past
event, il is probable that a transfer of economic benefil will be wuired in settlement. and the amount
of the sottlement can be eslimated reliably.
Liabilities are recognised at the amount Ihat the Charity anticipates it ￿11 pay to settle the debt or the
amount it has received as advanced payments for the goods or Servi￿ it must provide.
Provisions are measured al the best estirnate of the aM￿nIS required lo settle the obligation. Where
the effect of the time value of money is matenal. Ihe provision is based on the present value of those
amounts: discounted at the pr&tax discount rate that reflects the risks spectfic to the liability. The
nwinding of Ihe discount is recognised in the Statement of financial activities as a finance cost.
1.7 Financial instruments
The Charity only has finanaal assets and financial liabilrties of a kind that qualfy as tjasic financial
instruments. Basic financial instruments are inttially recognised at trdnsaction value and subsequently
measured at th￿r se￿ement value wth the ex￿PtIon of bank loans vthich are subsequently
measured at amortised cost using the effective interest melhod.
1.8 Fund accounting
General funds are unrestricted bjnds thich are availaEAe for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and Nyhich have ncrt been designated for other
purposes.
Designated funds compnse unrestricied funds that have been set asid8 by the Trustees for particular
purposes. The aim and use of each designated Fund is set out in the notes to the financial
statements.
Investment income. gains and losses a￿ allocated to Ihe appropriate fund.

THE HON E W C WELD FORESTER WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Income from stocks and shares
51,424
51,424
51,063
Total 2024
51,424
51,424
51,063
Total 2023
51.063
51.063
Investment management costs
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Invesltnent management fees
9.599
9,599
10, 152
Total 2024
9.599
9,599
10,152
Total 2023
10,152
10.152
Analysis of grants
Grants to
IndIv￿uals
2024
Total
funds
2024
Total
funds
2023
Dislributions lo individuals
27,630
27.630
40,787
Total 2024
27.630
27.630
40,781
Total 2023
40,781
40.781

THE HON E W C WELD FORESTER WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Analysis ol expenditure by activities
Grant
funding of
activities
2024
Support
cost5
2024
Total
funds
2024
Total
funds
2023
Charitable expenditure
27.630
7.895
35,525
46.851
Total 2024
27.630
7,895
35,525
46,851
Total 2023
40,781
6.070
46.851
Analysis of 5UPPOrt costs
Total
fvnds
2024
Tolai
funds
2023
Activities
2024
Sundry expenses
Insurance
190
190
493
493
567
Governance costs
7.212
7,212
5, 503
7.895
7.895
6,070
Total 2023
6.070
6.070
Independent exarninerfs remuneration
The independent examineffs ￿MUneration amounts to an independent examiner fee of £960 (2023
- £900), and accounts preparation of £960 (2023- £9￿1}.

THE HON E W C WELD FORESTER WILL TRUST
NOTES TO THE FINANCiAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other beneffts (2023 - £NIL).
During the year ended 5 April 2024. expenses totalling £165 were reimbursed or paid directly to 2
Trustees (2023 - £NIL to Tmsteej. This was the reimbufsement of expenses Éncurred to attend
meetings.
Fixed asset investments
Listed
investments
Cost or valuation
At 6 April 2023
Additions
1.341.713
81,378
(95,7671
28.068
Disposals
Revaluations
At 5 April 2024
1,355,392
Net book value
At 5 April 2024
1.355.392
At 5 Apn"12023
7,341, 713
The investments are all listed investrnents, and are held in the UK.
Credilors: Amounts falling due within one year
2024
2023
Trade Creditors
Accruals
28.500
1.920
46, 140
1.800
30,420
48,540

THE HON E W C WELD FORESTER WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
10.
Statement of funds
Statement of funds - current year
Balance at 6
April 2023
Gainsl Balance at 5
(Losses)
April 2024
Income Expenditure
Unrestricted funds
Designated funds
Designated Funds - all funds
1.331.575
19.599)
28.555
1,350,531
The designated fund relates to the investments hekl by the chairty and incurs the cost of holding the
investments.
General funds
General Funds- all funds
36,101
51,288
{35.525)
51,864
Total Unrestricted funds
1,367,676
51,288
{45,124)
28,555
1,402,395

THE HON E W C VYELD FORESTER WILL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
10.
Statement of funds {continued)
Statement of fund5 - prior year
Balance al
1 Apnl 2022
Translers
7/out
Gains/
Balance al
(Losses) 5 Apnl 2023
Income Expenditu
Unrestricted
funds
Designated
funds
Designated
Funds - all funds
1.469,907
(10.152)
24.69LI
(152.870)
1.331.575
General funds
General Funds -
all fund5
56,579
51.063
(46.851)
(24.690)
36,101
Total
Unrestricted
funds
1.526.486
51,063
(57.003)
(152.870)
1,367.676
11.
Analysis of net assets between funds
Analysis of net assets between funds - current period
Unrestricted
funds
2024
Total
funds
2024
Fixed asset investments
1,355.392
77.423
(30,420}
1,355.392
77,423
130.420)
Current assets
Creditors due wthin one year
Total
1,402.3g5
1.402.395

THE HON E W C WELD FORESTER MLL TRUST
NOTES TO THE FINANCIAL sTATEmE￿s
FOR THE YEAR ENDED 5 APRIL 2024
Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior period
UntEslricled
funds
2023
Total
funds
2023
Fixed asset investments
1,341,713
74,503
(48.540)
1,341,773
74,503
(48,540)
Curr8nt assets
Creditors due within one year
Total
1,367.676
1.367.676
12.
Related party transactions
It is ￿thin the nature of the charity that the grants are awarded to descenderKls of the Hon E W C Weld
Forester. Any deCI￿onS regarding the awarding of of gfants is managed through the use of the Trust's
Conflicts of Inlerest policy.
There were trNO related party transactions in the year ending 5th Apn'l 2024.
G E Holdsworth Hunt and H C Dyer Trustees have family members that received granls totaling £4,500
aTKI are creditors at year end. (2023: 3 Trustees family members received grants totaling £4.1001