Charity No.. 241187 The Lady Forester Trust TRUSTEE'S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 Derefflber 2020 WR Partners The Lady Forester Trust Contents P• fteIeren¢¢¥+￿ Admlnlstratlon y￿stee5. weport Independent examlnern rewt Ilecelptsand p•yn￿ts •ttount St￿•m•￿tall$s•ts￿nd kbllll Ploies to th• fin•nd•l rt*em•Thts The Lady Forester Trust Reference and Administrative Details For the Year Ended 31 December 2020 Tvust¢¢s The At. Hon. C*heriThe. Lth Forester DL Chiel Executive and Chairman The Hon. MtsA.$ 510ker MSKDIPI Mrs M.E. Collinson. R.G.N Mr H. Carpentef, Vlce Chalrm•n The Rl. Hon. Lord Foresier The Forester MRICS Mrs J. Stewart MaN)r C.J. Whk•ker Charlty r•ib5tratlon numb 241187 Prfn¢lp•l •lA¢¢ The lstate Olliet Willev Broseley Shropshire TF12 SJN Wfl PartThe¥s th•rtered A((ounionis & 514luiOry Audiors ShrewS￿ry 8v5ine55 Park Shrewsbjry Shropshire SY2 6LG Lknyds Bank 8 H¥dh Strett Brw*tKJfih Shrop5hire EFG Harris Allday 33 Great Charlesslrett Irmin&ham B3 3JN Sarasin & Partners LLP Jijxon Hous i(1) St. pa￿.5 Churthyard London EC4M 8&V The Lady Forester Trust Trustees. Report For the Year Ended 31 December 2020 The Trustees subrnit their annual repon and the financial statements of The L•(ty Fore5tw Trnst (the £h8rityl fof the year ended 31 December 2020. TheTrustee5 confirm that the annual rerwr and financial staternerbt5 of the charfty comply with current statutory requirements and ihe requlrements of the chariV$ 8overningdocumeni. Structure. gover￿n(e and management Cohstltutlo The Lath ForesterTrust15 C0Th5tituretl undera tntst deed dated 9th January 1979 15 1 roistered chartty Ino.. 2411871. Method of appointment or •le(¢ion oltruste The manjgernent ol the charitv IS Ihe responsibility of thtTrustees who8￿ elected and (Npted under the term5 01 the Trust deed. The Trustees are appointed by the board ol Trustees and serve lor fl¥eVe￿ afterwhith period they mty put themsdves forward lor re-èppointmeni. The body of irustee5 shall consist. when cornplete, ol t￿h1 cornpeient person5 and there shall be ¥ quorum when three Tw5tees are at a meeliTr8. The TrLbSte¢s meet quartedyto asse55 8r4n¢ applications and t¢ hear the repDrt and Investment recommendationsfrom the Investment m•n•8ef. Rlth manapmefit The Trustees h•ve assessed the major r45ks towhith the tharlty & expwed. in par*ularthose relatéd to the operations ond finances of the charitvi and are S•¢i5fled that systems are in pl￿e to rnafwfje their exposure to the m•ior fisks. Obl•rtl¥•s and actlvltl•s P¢ll¢le* •nd obhedè4es The objectives of the charity are io allevi•te thesuFlerin6 orasslst the of persons are slck, con¥4lesctnt, di5•bled, handicapped or Infirm where help 15 not readity availableto them from other sources: fbrstly tothe inhabit•nts of the ancient Borou8h ol Wenlock and then tothe inhabirants of the Qwntyof Shropshlre. Gr•nt maklni pollcles The Charity invite5 applic•tlons from indNidua15 and other irbStitulioThs. These afflicat￿5 are T￿leWed and discussed at the frustees, rneetin8s on a Quarterly basis. wheregrarbts are appr￿ed OT refused. Applications ère received Irom individuals and are usually on the rKommendation of GP'S and s(Kial wcKkers. Charitatle in51itutions also approach the thtyrity for 8rènrs èlthou8h ihe Trustee5 will corbsidef makir48ranis to other chariiable institurion5 who do not (ontact them d*rertly. The Trustees have given due regard to the Charity Crrfnmis5iOn'5 re*75ed8uKlarb£e in respett of befiefit and have continued io carry out the appropriate irani makn.fig poly. The Lady Forester Trust Trustees, Report For the Year Ended 31 December 2020 Achbevements perfOrn￿nCe Concern After makln8 appropriate enquiries, the trustees have a rea$￿8ble expectaliafi that the charity hès adeouète vesourtes tp continue In operational existence for the foreseeable future. For this reason they corbtinue to adopi the going con£Èrn sis in preparin8 the fit)anciil st•temtnts. Revlew The Trustee5 recelved applkatlons fforgrants Irorn indiwduals. reltyani medic•1 profe55ional bodies. other orgartl￿tIQrts nd charitable trusts. A tot•1 01 £164,04512019.' £126.7141 was paid out durin8 the year. Invtttmèrt pollcyand perfomi*rt• The in¥e51rnenis are htld for the purpD5e5 01 further1ngtheobjea￿t50f ihe ¢harity. I￿estmentS are helo between two in¥estrners¢ m•na8ernent companies- EFG Haffis Allday and Sarasin. EFG Harth Alld• The ch4rity ha5 an invesimefit policy thar no more than 5%of ihe ifive5trneTri shtyjld be in any equity, *￿I￿ding Government stocks and collectSve Investmen¢s. The ifivestment rnanager re￿rts to the Trustee5 quorterly and the Investment5 are rnana8ed by EFG H¥rris Alldoy on a discretionary basis with his re(ommen(*ations on investmeni. Hels •lso in correspondet)cewith the Chairman between meetlny. lfi addition, consultations may be held between the Chairman or Vke Chaiim•n. on behalf of rhe Trustees, and IheTrustees are norified ac£ordin8ty. Sat•slD The charity Seeks to balance the needs of current and f￿Ule boneficiaries. prwdin8 a reasona￿e level of current incorne whllst maintai*)ing the value of the capital and income in real rerms lafrer inllationl. To achieve Ihi5, the Trustees Invest In a bolanced multi-assw ptslllolio. Equitles form rhe core of the strate¥y to pro¥*de lon8 term rtal 8TQWth whilst bond5, property and alternaii¥e assets provide dfftrsifi¢ètion and returns whlch are uncorrelated to equitle5. The Trustees implement the straregyby invtstin8 ITh the Alpha ComTh)Tr Investment Fund for Endowrnents whkh is managed by SarI5in & Partners LLP. The Lady Forester Trust Trustees. Report For the Year Ended 31 December 2020 Fknan¢i•l revlew Reserves pomcy In accordance with the terms of thetrvst dee￿ the incthnegenerated ha5 bEen alkncaied to the Income fund whkh siands at £126.265. whilst inYe5trnents and their movements have been alk