Charity Registration No. 1190231
THE FORRESTER FAMILY TRUST
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024

THE FORRESTER FAMILY TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
T Walker
HI Porter
WJ Forrester
MW Jones
JDR Kewley
Secretary
A Hollands
Charlty Number
1190231
Reglstered Offlce
11 Whitecroft Way
Beckenham
Kent
BR3 3AQ
Audltor
Griffin Stone Moscrop & Co
Chartered Accountants
21-27 Lamb's Conduit street
London
WCIN 3GS
Bankers
Coutts & Co
440 Strand
London
WC2R OQS
Solicltors
Hunters
9 New Square
Lincolns Inn
London
WC2A 3QN
Keystone Law
48 Chancery lane
London
WC2A IJF
Investment Managers
Sarasin and Partners LLP
Juxon House
100 St Paul's Churchyard
London
EC4M 8BU

THE FORRESTER FAMILY TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note I to
the accounts and tomply with the charitvs Trust deed. the Charities Art 2011 and Accounting and the
Charities Ststement of Recommended Practice Isecond edition) and Financial Reporting Standards FRS 102.
Objectlves and artlbrfties for the publlc benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commi55ions general
guidance on public benefit when reviewing the trusts aims and objettives and in determining the grant
making policy for the forthcoming year.
The objects of the trust are to further such purposes as are deemed by the laws of England and Wales to be
wholly charitable as the trustee5 may in their ab501ute discretion think fit, and in particular but not exclusively
through the making of grants to registered charities.
Although we are not able to beneflt the publlc directlyi we do aim to do this by virtue of the grants paKI to
other charitable bodies.
The charity made grants during the year of £1,421,504.
Procedures arxl policy for grant maklng
The Trustees meet no less than twice a year and charitable grants are paid annually. The distribution policy
IS to support a specific cheritable sector and a range of national charities who are selected via the online
application at www.theforresterfamilytrust.org.
It is the intention of the trustees to award grants totslling £1.6m in the year to 31 March 2025.
Achievements and performan
Net Incoming resources after gains and10sses for the period amounted to £3,023,162.
Flnancial review
Stock markets across the world showed an overall improvement such that losses incurred in our portfolio
during 2023 were reversed. We ￿ntinUe to plan for the lon6 term and look forward to an improved global
economic outlook.
Rlsk mana8ement
The major risks to whith the trust may be exposed are reviewed regu13rly and steps have been taken by the
trustees to mitigate any risks identified. The principal risks faceij by the Trust lie in the performance of its
investment portfollo which Is run by external fund managers where performance is reviewed regularly with
professional third party assistance. Investment returns are kept under regijlar review.
Investment pollcy
Our investment managers are charged with achieving a long term retum and it Is at their discretion whether
this is achieved by a return on investments or capital growth.

THE FORRESTER FAMILY TRUST
TRusfEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Reserves Policy
The Trustees policy is to make grants at such a level that does not Si￿lficant1Y redu￿ our a55et position. The
balan￿ held as unrestrirted funds as at 31 Marth 2024 was £43,888,101.
Plans for the future
We plan to support a wide range of charities in accordance with our objectives. Whibt the current global
turmoil is likely to impact the total level of investment income that the Trust receives in 2025, the Trustees
are confident that there are sufficient overall resour￿5 to meet fixed and committed costs for the
foreseeable future.
Strurturei governan￿ and management
The Trust was registered as a tharitable Incorporated Organisation ICIOI on 2 July 2020 under a trust deed
of the same date and is a registered charity number 1190231
Under the terms of the tnjst deed, the trustees can apply both income and c3pitsI to benefit such registered
charity or charities, as they in their absolute dlscretion think fit.
The trustees who served during the perlod were:
T Walker
HJ Porter
WJ Forrester
Mwjones
JDR Kewley
The trust deed provides for a minimum of three trustee5 With no upper limit. New trustees are identified and
appDinted by continuing trustees and made aware of the governing document, administrative procedures
and nature of the trust. In this connection the Charity Commission booklet on the responsibilities of trustee5
is helpful and a copywould be made available to the new trustee.
Key management personnel rernuneration
The trustees consider the board of trustees and the secretsry as comprising the key management personnel
of the charity. The trust is controlled bythe Trustees collectively 31though day to day operational matters are
dealt with by the secretary, A Hollands. All trustees give their time freely and no trustee remuneration or
expenses were paid in the period.
Statement of trustees, responslbllltles
The trustees are responsible for preparing the TrLSStees' Report and the financial statements in accordance
with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted
Accounting practi￿}.
The law applicable to charities in England and Wales requires the trustees to prepare financial ststements
for each financial year which give a true and fair view of the state of affairs of the trust of the incoming
resources and application of resotjrces of the trust for that period.

THE FORRESTER FAMILY TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
In preparing these financial statements, the trustees are required to:
select Sultable accounting p)licies and then apply them conslstently,.
observe the methods and principles in the Charities SORP,.
make Judgements and estbmates that are reasonable and prudent;
state whether applicable accountlng standards have been followed. subject to any material
departures disclosed and explained in the financial statements,. and
prepare the financial statements on the going concern basis unless it Is inapproprSate to presume
that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy
at any time the financial position of the trust and enable them to ensLsre thatthe financial statements comply
with the Charities Art 2011, the applicable Charity (Accounts and Reports) Regulations and the provisions of
the trust deed. They are also responsible for safeguarding the assets of the trust and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information
included on the charity's website. Legislation in the United Kingdom governing the preparation and
dlsseminatlon of financial statements may differ from legislation in other jurisdirtions.
Approved by the trustee5 and signed on their behalf by.
Trustee
Dated.. 5,
S.F) IL iJLE-Y
pte
ber 2024

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE FORRESTER FAMILY
TRUST
Opinion on finantial statements
We have audited the financial statements of The Forrester Family Trust Ithe'thariWI for the year ended 31
March 2024 which comprise the Statement of Fln3ncia5 Activbties, the Balance Sheet, the Statement of cash
flows and notes to the f inancial statements, including significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom ACCount￿ng
Stsndards, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republit of Ireland.
Iunited Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements-
give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming
resources and application of resources, for the year then ended-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basls for oplnlon
We have been appolnted as auditors under section 144 of the Charities Att 2011 and report in accordance
with regulations made under section 154 of that Act.
We conducted our audit in accordance with International Standards on Auditing IUKI 11&45 IUKII and
applicable law. Our responsibilities under those standards are further desuibed in the Auditorfs
responsibilities for the audit of the financial statements section of our report. We are independent of the
charity in accordance with the ethical requirements that are relevantto our audit of the financial ststements
in the UK, including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtsined is suffitient and
appropriate to provide a basis for our opinion.
Conduslons relatln8 to going concern
In auditing the financial statements. we have concluded that the trustees, use of the going concern basis of
accounting In the preparation of the financial statements is appropriate.
Based on the work we have perfomied, we have not identified any material uncertsinties relating to events
or conditSons that, Individually or collertively. may cast significant doubt on the charivs ability to continue
as a going concern for a period of at least IAvelve months from when the financial statements are authorised
for issue.
Our responsibilities and the responsibilities of the trustees with respettto going concern are described in the
relevant sertions of thls report.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE FORRESTER FAMILY
TRUST (CONTINUED)
other inforniation
The other information comprises the information included In the Trustees, Report other than the financial
statements and our auditorfs report thereon. The trustees are responsible for the other information
contained within the Trustees. Report. Our opinion on the financial statements does not cover the other
infom13tion and, we do not express anyform of assurance conclusion thereon.
Our responsibility is to read the other Infomation and, in doing so, consider whether the other informètlon
is materially inconsistent with the financial ststements or our knowledge obtained in the course of the audit
or otherwise appears to be materially misstated. If we identlfy such materlal inconsistencies or apparent
material misstatements, we are required to determine whether thi5 give5 rise to 3 material misststement in
the financial statements themselves. If, based on the work we have performed, we conclude that there is a
material misststement of this other information, we are required to report that fact.
We have nothlng to report in this regard.
Matters on whSch we are required to report by ex￿ptIOn
We have nothing to report in respect of the following matters vthere the Charities Act 2011 require5 US to
report to you if, in our opiTrion:
the infomiation Biven theTrustees' Report is inconsistent in any material respertwith thefinancial
statements. or
sufficient accounting record5 have not been kept- or
the financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit.
Re5ponsibilitles of trustees
As explained more fully in the Statement of Trusteeg responsibilities set out on page 3, the trustees are
responsible for the preparation of the flnancial statements and for being satisfied that they give a true and
fair view, and for such internal control as the trustees detemiine is necessary to enable the preparation of
finanaal statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustee5 are responsible for assessing the charity's ability to
continue as a going concern. disclosin& as applicable, matters related to going concern and using the going
concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations,
or have no realistic alternative but to do so.
Audltor's responsibilities for the audit of the flnanclal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misststemenL whether due to fraud or error, and to issue an auditorfs report that includes
our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted
in accordance with ISAS IUKI will always detect 3 material misstatement when it ex ists. Misstatements can
arise from fraud or error and are considered material if, individually or in the aggregate, they could
reasonably be expected to influence the economic decisions of users taken on the basis of these financial
ststements.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE FORRESTER FAMILY
TRUST (CONTINUED)
The extent to whlch the audlt was consldered capable of detectlng Irregularltles. Includlng fraud
Irregularities are instances of non-complian￿ with laws and regulations. The objectives of our audit are to
obtsin sufficient appropriate audit evidence regarding compliance with L3ws and regulations that have
direct effert on the detemination of material amounts and disclosures in the financial Statements, to
perform audlt prO￿dureS to help identify instances of non-compllance wlth other laws and regulations that
may have a material effect on the financial statements, arid to respond appropriately to identified or
suspected non-compliance wlth laws and regulatlons ¢dentified durinB the audit.
In relation to fraud, the objectives of our audit are to identify and assess the risk of material mlsstatement of
the financial statements due to fraud, to obtsin sufficient appropriate audit evidence regarding the assessed
risks of material misstatement due to fraud through designing and implementing appropriate responses and
to respond appropriately to fraud or susperted fraud identified during the audit.
However, it is the primary responsibility of management, with the oversight of those charged with
governan￿, to ensure that the entity's operations are conducted in accordance with the provisions of laws
and regulatlons and for the preventlon and detethon of fraud.
In identlfying and assessbng rlsks of material mlsstatement In respett of irregularlties, including fraud. the
audit engagement team-
obtsined an understanding of the nature of the sector, includlng the legal and regulatory framework,
that the charity operates in and how the charity is complying with the legal and regulatory
framework;
inquired of managemenL and those charged with governance, about their own identification and
assessment of the risks of irregularities, including any known actual, suspected or alleged instances
of fraud,.
discussed matters about non-compliance with laws and regulations and how fraud might occur
including assessment of how and where the financial ststements may be susceptible to fraud.
As a result of these procedure5 we consider the most Significant laws anil regulations that have 3 direct
Impact on the financlal statements are FRS 102, Charities SORP IFRS 1021, Charities Act 2011 and the charity's
governlng document. We performed audit procedures to detect non-compliances which may have a material
impact on the finarlcial statements which included reviewingthe financial statements includingthe Trustees,
Report and remaining alert to new or unusual transactions which may not be in accordance with the
governing documents.
The audit engagement team identified the risk of management override of ¢ontrols as the area where the
financial statements were most susceptible to material misststement due to fraud. Audit procedures
performed included butwere not limited to testing manual journal entries 3nd other adjustments, evaluating
the business rationale in relation to signtficant, unusual transactions and transartions entered into outside
the normal course of business and challenging judgments and estimates.
A further description of our responsibilities for the audit of the financial statements is provided on the
Financial Reporting Councifs website at http:l/www.frc.or&uklauditorsresponsibilities. This description
forms part of our auditols report.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE FORRESTER FAMILY
TRUST {CQNTINUED)
Use of our report
This report is made solely to the charlty's trustees as a body. In accordance wlth the Charities Act 2011. Our
audit 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 auditorfs 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 charivs trustees as
a body, for our audit work, for this report, or for the opinions we have formed.
ROBERT SMITH
(Senlor Statutory Auditorl
For and on behaw of Griffin Stone Moscrop & Co, Statutory Auditor
Chartered Accountants
21-27 Lamb's Conduit Street
London
WCIN 3GS
Griffin Stone Moscrop & Co Is eli8ible to act as an auditor in term5 of sertion 1212 of the Companles Act
2006.

THE FORRESTER FAMILY TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Total
Unrestrlcted
Funds
2023
2024
Notes
Income from:
Investments
Net Profit on Investments
1,346,402
3,201,158
1,292,991
Expenditure on:
Charitable activities
Net loss on investsnents
Net movernent in furMIs
11,524,398)
11,668,544)
12,550,855]
12,926,408)
3,023,162
Totsl funds brought forward at l April 2023
Unrestricted funds
Endowmentfunds
Total fund5 carried forward at 31 March 2024
40,864,939
18,796,736
24,994.611
40,864.939
43,888,101
In the prior year, funds previously described as Endowment Funds were confirmed to be Unrestricted. Upon
review of our Trust Deed and those of our predecessor Trusts IThe Gwyneth Forrester Trust and The Donald
Forrester Tnjstl our lawyers advised that we should amend our accounting treatment thereof. All income
and expenditure above is from Unrestricted Funds.
The statement of financial activities includes all gain5 and losses recognlsed In the perlod.
All Income and expenditure derive from continuing activities.

THE FORRESTER FAMILY TRUST
BALANCE SHEET
ASAT 31 MARCH 2024
2024
2023
Note5
Flxed assets
Investments
43,422,178
1.172
43,423,350
40.066.249
209
Tangible assets
40.066.458
Current a$5et5
Debtors
35.359
463,508
498,867
71.815
741,418
813,233
Cash at bank and In hand
Credltors: amounts fallln8 due w￿h1￿ one year
134,1161
114,7521
Net cvrrent a55ets
464,751
798.481
Total assets less current Ilabllltles
43,888,101
40,864,939
Funds
Unrestritted fund
43,888,101
40,864,939
Total fvnds
43,888,101
40,864,939
th
The financial statements on pages 8 to 21 were approved by the Trustees on 5 September 2024.
Trustee

THE FORRESTER FAMILY TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash fiowsfrom operatlng actSvllJes
Cash used in operations
li
11,468.1171
11.613.1881
In¥estlng a¢tlv6tles
Purchèse of Investments Inetl
Fixed assets
1154.7711
11,4241
1,346,402
1108.3341
InveStM￿t income received
1,292,991
Net cash generated by {u5ed inll from investir
activI￿e5
1,190,207
1,184,657
Net incTea5el Idecrease) In cash cash
eguivalents
1277,9101
1428,5311
Cash and cash equivalents at beginning of period
741,418
1,169,949
Cash and cash equl¥alents at •nd of perlod
463,508
741,418
io-

THE FORRESTER FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charlty Informatlon
The Forrester Family Trust 15 a Charitable Incorporated Or8anisation registered in England and
Wales. The principal address Is 11 Whitecroft Way, 8eckenham, Kent BR3 3AQ. The charitys
objertives and aims are disclosed in the Trustees report.
Accountlng conventlon
The financial statements have been prepared under the historical cost convention with items
recognised at cost or transartion value unless otherwise stated In the relewant notes to these
accounts.
The financial statements have been prepared in accordance with the Charities 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 IFRS1021 Isecond
edition effectlve l January 20191 Charities SORP IFR51021, the Financial Reporting Stsndard
applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The charity constitutes a publlc beneflt entlty as defined by FRS 102.
The financial ststements are prepared in sterling. which 15 the functional ajrrency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The trustees consider the charity to have adequate unrestricted reserve5 to meet its fixed costs
for the foreseeablefuture. Therefore considerthe going concern basis of ac¢ounting in preparing
the financial statements to be appropriate.
Income reCo￿ltIOn
Income is recognised when the charlty Is legally entitled to tt after any performance conditions
have been met, the amounts Can be measured reliably, and it is probable that income will be
received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has
been notlfled of the don2tion, unless performance conditiorss require deferral of the amount.
Income tax recoverable in relation to donations received under Gift Aid or deed5 of covenant is
re¢ognised at the time of the donatic*).
Investment income is recoEnised when receivable.
li-

THE FORRESTER FAMILY TRUST
NOTESTO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
A￿OuntIng policie5 (Continued)
Expenditure recognition
Expenditure is recognised on an accruals basLs as a liability is Incurred. Expenditure includes any
VAT which cannot be fLtlly recovered, and is reported as part of the expenditure to which it
relates.
Grants payBble are payments made to third partie5 in the furtherance of the charitable objectives
of the Trust. Grants are accounted for when either the recipient has a reasonable expectation
that they will receive a grant or the trustees h3ve agreed to pay the Erant without condition.
The provision of multi-year grants is recognised when settlement is due over more than one year
from the date of the award, there are no unfulfilled performance conditions under the control
of the Trust that would permit the Trust to avoid making the future paymentlsl and settlement
is probable.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its
activities and services for its beneficiaries. It includes both costs that can be allo(2ted directly to
such artivities and those costs of an indirert nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory
requirements of the tharity and include the audit fees and costs linked to the strategic
management of the charity. These have been allocated in fvll to expenditu re on charitable
activities. All costs are allocated between the expenditure categories of the SOFA a basis
designed to reflert the kjse of the resource.
Tangible Fixed As5etS
Tangible fixed assets are initially measured at cost and subsequently measured at COSt, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost of assets over their usefijl lives on the
following basis: Office Equipment 25% Straight line.
At each reporting period end date, the charity reviews the carrying amount of its tangible assets
to determine whether there is any indication that those assets have suffered an impairment loss.
If such indication exists, the recoverable amount of the asset is estimated in order to determine
the extent of the impairment loss.
Flxed asset Investments
Llsted investments are ststed at market value at the balance sheet date. Any realised or
unrealised galn or Ioss on investments 15 taken to the Ststement of Financial Activities ISOFAI.
Unlisted investments are recognised in the financial statements using the equity method of
accounting. They are ststed at the charivs share of the net assets of the relevant unlisted
company. Any reallsed or unrealised Bain or loss on Investments Is taket) tothe SOFA. All reallsed
12-

THE FORRESTER FAMILY TRUST
NOTESTO THE FINANCIALSTATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles Icontlnued)
and unrealised 8ains or losses are allocated between funds based on the spllt when the
investments were initially donated to the charity.
Cash and ¢ash equlvalents
Cash and cash equivalents include cash in hand. deposits held at call with banks and other short-
term liquid investments with original maturities of three months or les5.
Financial instruments
The charity has elected to apply the provlsions of Sertion 11 'Basic Financial Instruments. and
Section 12 '0ther Financial Instruments IssL¢es' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes
party to the contrartual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial
statements, when there IS B legally enforceable rightto set off the recognised amounts and there
is an intention to settle on a net basis orto realise the a55et and settle the liability simultaneoLt51y.
Basi¢ flnancial assets
Basic financial assets, which include amounts due from subsidiary undertakings, other debtors,
prepayments and cash and bank balances, are initially measured at transaction price including
transartion costs and are subSequen￿Y carried at amortlsed cost using the effective interest
method unless the arrangement ￿nStituteS a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
Impairment of flnanclal assets
Financial assets, other than those held at fair value through intome and expenditure, are
assessed for indicators of impairment ateath reporting date. Financial assets are impaired where
there is objective evidence that, as a result of one or more events that occurred after the initial
recognltlon of the flnancièl asset, the estimated future cash flows have been affected.
If an asset is impaired, the impairment loss is the differente between the carrying amount and
the presentvalue of the estimated cash flows discounted atthe asset's original effective interest
rate. The impairment10ss Is recogni5ed in net income/lexpenditurel for the year.
If there is a decrease in the impairment loss arisingfrom ar¢ event occurrin8 after the impairment
was recOgn￿ed, the impairment Is reversed. The reversal is such that the current carrying
amount does not exceed what the carrying amount would have been, had the impaimient not
previously been recognised. The impaiment reversal is recognised in net income/lexpenditurel
for the year.
13-

THE FORRESTER FAMILY TRUST
NOTESTOTHE FINANCIALSTATEMENTS (coMfiNUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policies {Contlnuedl
Derecognltlon of flnanclal assets
Financial assets are derecognised only when the contrartual rights to the cash flows from the
asset expire or are settled, or when the charity transfers the financial asset and substantially all
the risks and rewards of ownership to another entity, or if some signrficant risks and reward5 of
ownership are retained but control of the asset has transferred to another party that ￿ able to
sell the asset in its entirety to an unrelated third party.
Liabilities
Liabilities are recognised when the charity has a present obligation arising ffom past events.
Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their
charitsble objettives unless the funds have been designated for other purposes.
Investments
Unrestrlrted
Funds
2024
Unrestrlrted
Fund5
2023
Income from Ilsted investments
Other income
Interest receivable
1.187.565
140.689
18,148
1,346.402
1.149.442
138,050
5,499
1.292.991
Expenditure on chwitable actlvitles
2024
2023
Grants
1.421.504
102,894
1.561.555
106.989
gjpport and governan￿ costs
1,524,398
1,668,544
Expenditure on charitable artivities was all attributsble to unrestricted funds.
14-

THE FORRESTER FAMILY TRUST
NOTESTO THE FINANCIAL STATEMENTS IcoNfiNUED)
FOR THE YEAR ENDED 31 MARCH 2024
Analysi5 of expenditure on charftable artivities
2024
2023
Grants
Disaster Rdief
loo,000
250,000
597.098
474.406
1,421,504
150,000
250,000
699,440
462,115
1,561,555
Term Funding
Theme of the Year
Smaller Grants
Support and Governan￿ costs
Employment costs
Audrtors remuneration
Website
Legal and Professional fees
9Jbscriptions
Office costs
75,935
10,500
1.599
1.$54
2,489
10.817
102,894
75,713
14,720
1,621
1,060
2,997
10,878
106,989
Remuneratlon of employees and key management personnel
The CharSty considers 5ts key management personnel cornpr￿e the Trustees and the
Administrative stsff. The total employment benefits including employer pension contributions
of the key management personnel were £75.93512023.' £75,713). No employees had benefits in
excess of £60,0(X) lin either 2024 or 20231.
Trustees received no remuneration or reimbursed expenses during the period.
Staff detsils
2024
2023
Numberofstsff
Salaries
71.888
7.308
15,0001
1,739
75,935
70,903
7,671
15.0001
2,139
75,713
Social Security cost5
Employment Allowance
Pension costs
Is-

THE FORRESTER FAMILY TRUST
NOTESTO THE FINANCIAL STATEMENTS IcoNfiNUED)
FOR THE YEAR ENDED 31 MARCH 2024
Flxed asset investments
Listed
Unllsted
Total
Snvestments
investments
Cost Orva￿atron
At l April 2022
Additions
Valuation Ilossl
42,503,283
108.334
12,550,855)
5.487
42,508,770
108,334
12,550,855)
At 31 March 2023
40.060.762
172,409
3,189,(X)7
5,487
15.4871
40,066,249
166,922
3,189.007
Additionsl (Disposals)
Valuation 8ain
At 31 March 2024
43,422,178
43,422,178
2024
2023
Investments at fairvalue comprise-
Flxed Income
5,378,382
31.804,106
1,546,399
2,980,098
1.713.193
5.952,540
26.506,795
1,773,960
4,958,098
869,369
5,487
40,066,249
Equities
Property
Altematyve investments
Ltquid assets
Unl￿ted investments
43,422.178
Fixed asset investments
Listed Investments are rettjgnised on the basi% of market value at the reporting date. The
hlstorltal cost of these investments is £41,904,62412023 £41,750,053).
16-

THE FORRESTER FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Tan8lble tlxed assets
2024
Cost
As at I"April 2023
Additions
419
1.424
1,843
As at 31° March 2024
Depredatlon
As at I"April 2023
Charge for the year
As at 31 March 2024
210
461
671
Net book value
As at I"April 2023
As at 31 March 2024
209
1,172
Debtors
2024
2023
Amounts falllng due wlthin one year:
Amounts due from subsldlary undertaklngs
Prepayments and accrued income
5,095
66,720
71.815
35,359
35,359
Credbtors: amounts fallln8 due wlthln one year
2024
2023
Grants
Other tsx and social security
Acuuals and deferred income
16,000
6,368
11,748
34,116
4.756
9,996
14.752
17-

THE FORRESTER FAMILY TRUST
NOTE5 TO THE FINANCIAL STATEMENTS IcoNfiNUED)
FOR THE YEAR ENDED 31 MARCH 2024
io
Taxation
The Forrester Family Tnjst is a registered charity, and as such its income and gains falling within
Sections 471 to 489 of the Corporation Tax Act 2010 or Section 256 Taxation and Chargeable
Gain5 Act 1992 are exempt from corporation tax to the extent that they are applied to its
charitsble oblectives.
li
Cash generated from operations
2024
X123
SUrplu￿{DeflCitj fDr the perlod
3,023,162
12,926,408)
Adjustments for:
Investment income recogllised In statement Df financial artiirities
Fairvalue (gains) and losses on investments
Depreciatio
11,346,402)
13,201,158)
461
11,292,9911
2,550,855
105
Movements in working capital-
Decreèse in debtor5
36.456
19.364
52,187
3,064
Increase in creditors
Cash generated (used Inl/from operatlons
11,468,117)
11,613,188)
Related party transactions
Rental payments of £3,60012023.. £3,600) were made to A. Hollands, an employee. There wa5
no balance outstanding at the year end or prior year end.
13
Charltable yants
The amount payable in the period comprises..
DISASTER REUEF
British Red Cr055.' Israel and Occupied Palestinian Territory Appeal
British Red Cross.. Morocco and Libya Appeal
Britlsh Red Cross.. Ukraine Crisls Appeal
25.000
50.OCN)
25,OLXJ
18-

THE FORRESTER FAMILY TRUST
NOTESTOTHE FINANCIALSTATEMENTS (cop￿lNVEDj
FOR THE YEAR ENDED 31 MARCH 2024
TERM FUNDING
Bowel Cancer UK
Cathedral Archer Project
Cellar Trust
25,000
25,000
25,000
10,000
25,000
25,000
25.000
15,000
25,000
25,000
25,000
250AIOO
CherryTrees
Children and Families Across Borders
Dealblind UK
Future Frontiers
HOPE International Development Agency
Tempus Nov
Time and Talents Associatlon
World &cycle Relief UK
THEME OFTHEYEAR
Age UK Doncaster
8ack on Track Manchester
Ba55etlaw Food Bank
20,000
15,000
20,000
25,000
Beyond Food Foundation
Child Rescue Nepal
Cirele Community Ltd
Communrty Initiatives &)uth West ItradinB as Fareshare South Westl
Disability Advice servi￿ IEast &Jffolkl
EducAid Sierra Leone
EMERGE 3RS
FEAST With Us
Feeding Families
Fellowshlp of St Nicholas. The IFSNI
First Love Foundation
Hèndson London
Hibiscus Initiatives
Housin8 the Homeless Central Fund
James, Place Charity
Kids Club Kampala
Laughter Africa
Leed5 Children's Charf(yat LFneham Farm
ghthouse Furniture Project
lullaby Trust, The
Made In Hackney
Menscraft
Mums in Need
National House Project, The
15,000
25,000
14,098
15,OCM)
15,000
20.000
25,000
20.000
25,000
3,000
15.000
10,000
25,000
15,000
15,000
15,000
15.000
25,￿0
20,CX)O
15.(X)O
20.LL)O
25,QKJO
19-

THE FORRESTER FAMILY TRusr
NOTESTOTHE FINANCIALSTATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Charltable &rants {Continued)
THEME OFTHEYEAR
Oakleaf Enterpr￿e
One25
Parochial Church Council of the Ecclesiastical Parish of St Aldhelm,
Edmonton, The
Porch, The
Practical Tools Initiative
Refreshing Minds
St Davids Diocesan Council for &)cial Responsibility
10,000
20,000
15,CM)O
10.000
25.000
15,000
25.000
597,098
SMALLER GRANTS
A Spark in the Dark Ltd
AdAmi Projert
Bringing Word5 to ￿fe
British Thyroid FOUnda￿On
Capital PrDjert Tnjst
Communf£y Kitchen Imanthesterl Ltd
Crohn's and Colitis Relief
Daisies Kid5 Club
10,000
5,000
7.500
7,500
1,500
10,000
10,000
10,000
5,000
Dog Assistance in Oisability
Everton and Anfield Together
Evie's Gift CIO
10,000
5,000
5,000
5.000
10.000
6.324
6,500
lo,￿0
io.wo
io,coo
10.000
10,000
4,500
10.000
Exit Foundation
Flute Theatre
Foreland Fields Charlty
Forever Angels
Framlingham Area Youth Action Partnershlp
Fusion Family and Youth Projects
Futures Theètre Cornpanv
Gifted Women
Headway Hertfordshire Ltd
He3￿h￿S Trust
HearTogether
Home-start Cambridgeshire
Home-start Mansfield
-20-

THE FORRESTER FAMILY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Charitable yants Icontlnuedl
SMALLER GAANTS Icontlnuedl
Indi80 Volunteer5
Jacaranda UK Foundatlon
io,coo
5,000
6,000
13,548
10,000
iO,OLXJ
10.0
10,OOD
3.000
10,000
2,000
10,000
10,000
4.750
10,000
10,000
3.500
8,000
S,￿)0
iO,LXJO
io,cKJo
io,rx)o
io.oxjo
8,440
Keep Talking Services
Kent Enterprise Trust
Kivuli Trust
Llghtwave Communtty CIO, The
Local Village Network
London Nightline at ULU
Makhad Trust. The
Meseret For Women
MOVE Partnership, The
New Mills and Distrirt Volunteer Centre
One Community Development Trust
Ospreys Wheelchair Rugby Club
Pelican Parcels
Plant Your Future
Reseed
Rethink Rebusld SOc￿ty
Rhino Ark UK
Rise..61
Rosie's Comer
Rulslip Northwood Old Folks Association
Shurdingron Community Centre
Sid(le Cell Care manCh￿ter
Sixty-one
Sound Minds
Sporting Cha11en8e
Spread Some Sunshine
STAA
iO,OL
io,o(x)
I,ocKJ
STAR (Student Action for Refugees)
Tarka Child Contart Centre
Together Now
Triangular CIO
UK Veterans Hvdring FoundalTron
Victoria's Promise
Worldwide Radiology
Yeovll Shopmobillty
Young People's Shop
io,ocx)
iO,OLXJ
10,0
iO,OCM)
2,OQMJ
1,5(Kl
474,406
-21-