Charity No.. 241187 The Lady Forester Trust TRUSTEE'S REPORT AND FINANCIALSTATEMENTS FOR THEYEAR ENDED 31 D+m¢r 2025 WR Partners
The Lady Forester Trust Contents Page Relerence and Admln15tratlon Trustees. report Independent examlners report Recelpts and payments account Statement of assets and Ilabllltlos Notes to the financlal statements
The Lady Forester Trust Reference and Administrative Details For the Year Ended 31 December 2025 Trustees The Rt. Hon. Catherine, Lady Fwester oi (resigned 17 March 20251 The Hon. Mrs A.S Stoker MSIIDIPI, Chair Mrs H.E. Collinson, R.G.lQ Mr H. Carpenter, Vlce Chairman The Rt. Hon, Lord Forester The lady Forester MRICS MFS J. 5tev4art Major C.J. Whitaker Ms K Thorn (appointed 17 Marth 20251 Charlty reg151ratlon numbér 241187 Prlnclpal office The Estate Office Willey 8roselev Shropshire TF12 51N Accountants WR Partners Chariered Accountants & Statutwy Audiors Belmont House Shrewsbury Buslness Park Shrewsbury ShTOP5hire SY2 6LG
The Lady Forester Trust Reference and Administrative Details For the Year Ended 31 December 2025 Investment Mana8ers EFG Harris Alldav 33 Great Charles Street Birmingham 83 3JN Sarasin & Partners LLP Jvxon House 100 St. Paul's Churchyard London EC4M 8BU
The Lady Forester Trust Trustees. Report For the Year Ended 31 December 2025 The Trustee5 5ubrnit their annual report and rhe financial st3ternents of The Lèdy Forester Tru51 Ilhe charityl lor Ihe year ended 31 Detember 2025. The Trustee5 conli¥m that the ant)ual report ènd financial staiemenis of the charty cofflply wilh currenr statUry requlrements and the requirernen15 of the charity'5 governinÈ document. Stru¢iure. governance and management Constilvtion The Lady Forester Trust Is constituted undÈr a tiu&t deed dated 9th january 1979 and i& a registered chafily Ino.- 2411871. Method of appolntment or elettion ol tTUStee$ The management of the charitv 15 the re5kwsibility of the Tnjstees who are elected and cts-oplpd undÈr the terins of the Trust deed. The Trustees are appoiniÈd by the l)oard of Trustees and serve for h've yearsafter which pernd they mèy put them5elve5 furwaid lor re- appoilliment. The body of trustee5 shall con515t, when complete, of eF¥ht competent persons and rhere shall be a qUOTum when three Trustees ie at a meetlng. The Trustees (neet quarterly to a55e5s erant èppllcations and to hear the repon 3nd investment T&iorDmendation5 frotn the InvÈstrnent manèger. R15k rnan&¥ernent The Trustees have assessed the major ii5ks to which the charityls exposed, in particular Ih05e relaied to the opefaiions and fTrnantEs of the Charity, aNd are satisfied thai 5VStetn5 are In place to mana8e their exposure to the major risks. Objectlve5 and actlvltles Politiesand objectlves The objeciives of the charity are 10 èlleviate the 5ulferlng or assisr ihe recovery of persons who are 51ck, convalesceni. d15abled. handlc3pped oi infirm where lielp is not reèdily available to Ihem ffom Other sources.- flrstly to the Inhabitants of the ancient Borough of Wenlock and then to Ihp inhabitants of the Couniy ol Shropshlre. Grant makln8 pollcles The Charlty Invites applicatlons from IndividuJ15 and other insiiiutions. ThÈse appllcatlons are reviewed and dlscussed at the TrustÈe'5 rneeting ofi a quarterly basls, where gran15 are approved or refused. Applltatlons are rereived from Gp's, Soclal Workers ènd other health profes5ioTra15 on behalf ol individuals. Charit&ble institutlons also appreach IhÈ Iharlty fof grants alihou8h the Trustees will tDnsider making grant5 to oiher charitable institutions who do not contact them directW. The Trusiee5 have eiven due regard to the Charity Comm15sion'5 revised gtsSdanie in respeci of public benefit and have Coniinued 10 cbrry aut IhÈ approprkHte Brant mèking wllcy.
The Lady Forester Trust Trustees, Report For the Year Ended 31 December 2025 Athlevements and pèrformance GolnR cOnrn After maklng appropriate enquiries. the trustees have a reasonable expectation that rhe charity has adequate resources to continue in operational exlstence for the foreseeable future. FOT this reason they continue to adopt the going concem basis In preparing the financial ststements. Review of actlvltle5 The Trustees received application5 for grants from individuals. relevant medicèl professional bodies, other or8anisations and charitable trusts. A total of £175,56712024.. £192,452) was paid out during the year. Investment pollcy and performance The investtnents are held for the purposes of furthering the object*ves of the chafity. Investments ère held between two investment management companies- EFG Harris Allday and Sarasirb. EFG Harr15 Alldays rhe charity has an investment policy that no more thèn 5% of the investment should be in any equity, excluding Governrnernt stocks and collective investments. The investment manager reports to the Trustees quarterly and the Investments are rnana8ed by EFG Hairis Allday on a discretionary basis wlth his recommendations on investment. He 15 3150 In correspondence wlth the Chalrman betweet) meetlngs. In addition, consultations fflay be held between the Chairrnan 01 Vice Chairman. on behalf ol the Trustees, and ihe Trustee5 are notified accordingly. Sarasln The charity seeks to balance the needs of current and future beneficlaries, providing a reasonable level of Current incorne whi15t maintaining the value ol the capital and income in real terms (after inflationl. To achieve this. the Trustees Invest in a balanced multi-asset portfolio. Equities form the Core ol the strategy to provide long term real growth whilsr bonds, propertv and alternative assets provide diversrfication and return5 which are uncorrelated to equities. The Trustees implemenl the strategy by Investing in the Alpha Common Investment Fund fof Endowments which 15 rnanaged by Sarasin & Partners LLP.
The Lady Forester Trust Trustees, Report For the Year Ended 31 December 2025 Financial revièw Resèrves pollcy In accordance with the terms of the trust deed, the income generated hès been allocated to the nCorne fund which stands at £68,253, whilst investment5 and their movement5 have been allocated to the capitsl fund which stands at £6,826,466. This year the movement in the accounts ha5 included a transfer fToKn the income fund back Into the capital fund. Whilst both funds are unrestricted can be utilised for the objective5 of the charity. the Trustees only distribute income and the accumulated income fund is left to accumulate. The accumulated income fund has historically been held fof emergency funding of major project5. Capital movements are left to enhance the capital value of the investments and hence to ensure that the Chèrity will have income to dr5tribute in future yea{5. There Ss a surplus in free reserves Ibeing unrestritted tncorne funds, as defined in the Ae5erves Policy) of £68,2S312024.. £IS6.9461. The Trustees, reserves policy is to maintain free reserves at a level equivalent to nine months expenditure. Wh115t the freE re5erve5 figure is significantly below this target. the Trustees acknowledge that cash balanees within the investmenr portfolio can be drawn upon. should the need arise. 8a5is of at¢ounting The accounts of the Charity have been prepared on a Receipts and Payments basis in accordance with tharity regulètions. This repo was approved by the Trustees on IJ cTL7A e Zo and signed on their behalf bv.. The Hon. Allte Stoker Chalrman
The Lady Forester Trust Independent Examiners Report For the Year Ended 31 December 2025 I report to Ihe charity trustees on my examination ol the accounts of the Trust for the year ended 31 December 2025 which are set oul on pages 6 to 8. This report is made 501ely to the charity's Trustees, as ? body, in èccordance with section 145 of the Charities Act 2011 and reF,ulations mad@ under section 154 of that Act My work has been undertaken so that I might state to the tharity's Trustees thD5e matter5 1 am required to state to them in an Independent Examinerfs Report and for no other purpose. To the fullest e.'<tent permitted by law. I do not accept or assume responsibility to anyonè other than the charity and the charity's Tru5tee5 É S è body, lor my work in this report. Respertive responsibilitles of trustees and examineT As the charity's trustees you aTe responslble for the preparation ol the account5 in accordance with the requiiements of the Charities Act 20111'the Act'l. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out mv examination I have followed all the applicable Dsrect1ons given by the Chaflty Commission under section 14515llbl of the Act. Independent examlner's statèment I have completed my examination. l ¢tsnFirm that no material matters have come to rny attenrion in connectlon accountillg records were not kept in respect tsf the charity as required by section 130 of the Act.. or the accounts do not accord with those records. I have no concerns and have come acr05s no oihef matters in connection wtth the examination to which T Lunt BA IHonsl FCCA MTPI WR Partner5 Chartered Accountanrs Shrewsbury Business Park SY2 6LG Date.. IL . og. IL7JL
The Lady Forester Trust Receipts and Payments Account For the Year Ended 31 December 2025 Unrestiicted Re#rrcted 2025 2024 Rocelpts Oon31ions Invesiment Income 964 207,447 576 207,447 576 238.651 1.831 Total Re¢eipls 208.987 208.987 240,482 Paymenty Granis payable 89,737 85,830 2,280 675 89,737 85,830 2.280 675 117.924 74.528 2.1 Accountancy fees Legal and professional lee5 Trustees travelling expenses Trustee'5 liobility insurance Light, heat, watei, cleaning, telephone stationery, postagÈ and sundries Llalson trfficers, fees and expenses Secretary'$ salary PerTrsion contributions HM Relle & Cu5tOlN5 INI) COntritIon to EFG cash Invesiments 1.288 217 2.719 1.887 tO,591 301 209 217 3,555 2,331 11.248 339 781 100,000 217 3,555 2.331 11,248 339 781 100.000 Total Payments 297,6BO 257,680 212.533 Net IPaymentsl/ ReCeP(5- uniestricied funds Cash and 8ank Balances brought forward 188,6931 156.946 188.6931 156.946 27,949 128,997 Cash and Other Assets Carried Forward 68,253 68,2S3 156,946
The Lady Forester Trust Statement of Assets and Liabilitie5 For the Year Ended 31 Decernber 2025 Unrestrfrted Restritted 2025 2024 8ank and Cash Balance5 Investment account 65,386 2.867 65,386 2.867 101,809 5,137 50.000 156.946 Current account Fixed term Oeposit Account 68,253 68.253 Investment assets Listed securitie5 EFG Harris Allday Sarasin EFG Harris Allday Sarasin 3.303,120 3,361,135 161.910 26 6.826.191 3,303.120 3,361.135 161,910 26 3,101,335 3,280,097 6,755 34 Cash settlement- 6,826,191 6,388.221 Total assets 6,894.444 6,545.167 6,894,444 6,545,167 The accotsnis were approved by the Trustees rm /ff67bAe &21 and signed on their behalf. by.. Th* Hon, Allce Stoker Chalmian io
The Lady Forester Trust Notes to the Financial Statements Trustees remungratlon and related party transartions During the year, no Trustees feceived any remuneratlon12024..NILI Duflng the year. no Trustees received any benefit5 in kind12024.. Nil) Durin8 ihe year, five Trustees recesved relmbur5ement ol expenses tDtallin8 £68712024.. £6461 li