LORD HANSOli FOI",NDATJOI ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 5 April 2021 leegi.slered l.'harity Ni)." J077014
Lord Hanson Foundation CONTENTS Page I£gal and adminiSti}Ve inforniation RepKFrt of the Trust¢es Report of the Independent Exatnincr Slalement of financial activities Balance sheet Notes forniing part of the financial statements 9-12
Lord Hanson Foundation Registered Charity No: 1077014 TRUSTEES The Hon Robert Hanson Alan HagdTUP E R Charles IEwis INDEPENDENT EXAMINER Fiona B Hope FCA CTA Wo(Klsi(k Carrmel Fell Windern)ere Cumbiia LA23 3PB BANKERS Lloyds Bank 102a Brompton Road Knightsbridge London SW3 IJJ INVESTMENT MANAGERS JMFinD 22124 Queen Squ3re Bristol BSI 4ND REGISTF.RED ADDRESS 31 Wilton Row London SWIX 7NS
Lord Hanson Foundation TRUSTEES, AFINUAL REPORT Th¢ Trustees psent their report and financial statements for the year ended 5 April 2021. Prin¢ip41 objeetiyej #Dd aetivi¢ieJ for tbe public benefit The ]rnary ststed purpose is set out in a TnLSt Deed and is kn apply the incom¢: and all or such part or parts of the capltai. at such lime OT times and in such manner to or for the tYnefits of such exclusively charilable objects and purp)ses in any part of the world the Tnjstees may in their discretion think fit" These purpses were met in the current year by the making of grants and donations totalling £38.000. The Trustees confinn that they have refeTTed to the guidance contained in the Charity Commission's general guidance on public benefit when rnuewing the charity's aims and objectives and in planning future activities and n)aking decisions on the awards of grants and donations durlng the year. Achievements and perforniance The TnLStees' aims are to make a difference where they can and this bas been a successful year. Thc organisations the Foundation helped during this financial yeaT infonn us that our donations are valuable contributions to their ongoing survival and in particular the small chariiies who are finding it increasingIy difficult to raise fimds. Finan¢i81 Revievl During the year. the Tnl¢eS continued their investment ry)licy of holding interest bearing fimds and equities. The Trustees considered a numE¢r of eharitable projects dwing the year and made 17 grants or donations to various bodies totalltng £36,500 {2020- 17 donations totslling £36.51Y)). Detsils of the receiving bodies are given in note 3(a) to the accounts. The TnLStees have undertaken to fill the David Skeggs Lecture at the Royal College of Radiologists for the next six years at an aonual cost of £1,500. The full CO of this undertaking was acCnd in previous years. The tolal donations made in the current year were therefore £36.500 &8 shown in Dote 3{a) plus £1,500 to the David Skeggs The na income for the year prior to revaluation of investments was £8216 (2020 - incom¢ £6.469). Following the net unrealised investment profit of £322.236 (2020 net investment loss of £204,18D, Iiet movement in fid$ for the year amountrd to a surplus of £330.452 (2020 - deficit £197,718). Net assets at 5 April 2021 stood at £1.619,898 (2020 - £1,289,446)
Lord Hanson Foundation TRUSTEES, ANNUAL REPORT The large ullr¢alis¢d profit on investments is reversing the loss made last year due to the effect that the CoroDavinL8 pandemic on the markets last year end. Markets have since recovered. Reserves poliey The unrestri¢t&a fund represents funds arising from past events that may b¢ expended on any of th¢ charity's objects. The Tnistees, )I1¢Y h&s been to n1n(aill sufficient unrestricted funds to enable the charAty to fund its expenditure out of current incomc. Risk management The TnteeS have as8¢ssaJ the major risks to vknich the charity is exkK)s& in particular those related to the operations and finances of the charity, aNI ate sati5fi¢d that systems are in place to mitigat¢ such exw)sure. Stru¢tur& governance axd mnagenKnt The Lord Hanson Foundation was established by TnL Decd dad 14 May 1999 and registered on 12 August 1999. Thc Trustees during the year are listed on pagc 3. New Trustees are appointed following an approach to suitably qualified individuals. There are no forDl induction or training procedutes for new Tnjstees. Referen¢¢ and Admin¥10 dets Details of the charity's name, its regist¢red number in Englan addr of its principal office and names of TnLgtees of the cbarity wbo served dlti8 the year and up until this report was approved ate provided on page 3. For and on b¢half of the board of Trusttts: Alan Hagdrnp 25 January 2022
Lord Hanson Foundation tNDEPENDENT EXAMtNER'S REPORT TO THE TRUSTEES OF THE LORD HANSON FOUNDATION I report on the accounts of the charity for year ended 5 April 2021 which are set out on pages I to 12. Respective rponsIbIlItI of Trujttts IlDd EMiner The charity's tn£S are reS)nSIble for the preparaiion of the accounts. The charitV'5 trustees consider that an audit is not required for this >'ear wlder Section 144 of the Charities Act 2011 ("the Charities Act") and that an indepeDdeni examination is ne¢ded. It is my resnSIbIlity to ( l) examine the accounts under Section 145 of the Charities Act: {2) to follow the procedures laid dowij in the general Direction% given to the Charity Commission under Section 145(5Xb) of the Charities Act; and (3) to state whether particar matters have me to my attention. Basis of independent examiner'j report My examination w&8 caTried out in accordance with the general Directions given by the Charity Commtssion. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts pt¢senied with those records. It also includes consideration of any unusual items or disclosures in the a¢¢ount% and seeking explanations from you a5 tnLStees concerning any such matters. The procedures undertaken do nol provide all the evidence that would be required An an audil and consequently no opinion is given as to whether the accounts present a 'InJe and fair view, and the rery)rt is limited to those matters set out in the statement below. Independent ex4miner'8 gtattment In connection with my examination no material matters have come to my attention which gives me cause to believe thaL in any material respect: the accounting records were not kept in ac¢oTdance with section 130 of the Clwities ACL or the accounts did not accord with the accounting records, or the accounts did not comply with the applicable requirements concerning the forni and content of accounts set out in the Clwities (Accounts and Reports) Regulations 2(K)8 other than omy requirement that the accounts give a tr and fair" view which is nol a matter considered as part of an inder*ndent examination I have come across no other matters in connethion with the examinthon to which attention should be drawn in order to enable a prnw understanthg of the accounts to be re&hed. Fiona B Hope FCA CTA WooKbide, Cartmel Fell Winderniere. Cumbria LA23 3PB 25 January 2022
Lord Hanson Foundation STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2021 UNRESTRtCTED FUND 2021 2020 lllcome Investment income 45.516 43,769 Total 45.516 43.769 Expenditure Raising funds Charitable acliviti¢s Note 3 Note 3 Note 4 300 36,500 500 300 36,5 500 Total 37JOO 37,300 Ne¢ Income 8216 6,469 Gainl(Loss) on revaluation of investments Note 5 322236 (204.187) Net movement ID funds 330.452 (197,718) Balance at April 5, 2020 Balante at April 5. 2021 1,289,446 1.487.164 1,619.898 1,289.446
Lord Hanson Foundation BALANCE SHEET AT 5 APRIL 2021 2021 2020 Fixed assets Investment portfolio Note 5 1.581.814 1,259,578 Current a$8ets Cash at Bank and in hand 47.584 40,868 47,584 40,868 Creditors: amounts falling due within one year Note 6 (2,000) (2.(KM)) Y4¢t eurttnt A#5ets 45.584 38.868 Total assets le&5 Cuent liabilities 1.627,398 1,298,446 Credhors: amounts fallin8 due after nre than one year Nofr7 (7,500) (9,000) Total auets lejs liabilikn¢8 1,619,898 1.289,446 Trnit Fund Unrestricted fund 1,619.898 1,289,446 Total funds 1,619.898 1,289,446 The financial statements were approved ar authorised for i&8ue by the Board of TTh5 and were signed on their behalf by Alan Hagdrnp Trnxtee 25 January 2022
Lord Hanson Foundation NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 l Basis of preparation Basis ofaccounting These financial statements have i*en prepared under the histori¢aJ cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The accounts have in preFkred in acconknce with the Ststem¢ni of Recommended Practice." Accounting and ReJxJrtin8 by Clwities preparing their ac¢ounts in accordance with Financial ReEX)rting Standard applicable in the UK and Republic of Ir¢land (FRS102) issued on 16 July 2014 the Charities Act 2011. 2 Aeeountitig policies JnvesTrnents Inv¢stments are valued initially at cost and subsequently at fair value (their matk¢t value) at the year end. Realised gaiDS or losses on investments are recognised on disposal of investments and any gain or loss on revaluation is taken to the SolFA. The deterniination of any gains and losses is calcuIated by r¢ference to the value of such assets at the beginning of the accounting period. Income Inveslment income is derived from dividends and interest receivable from investments and is accounted for in the period in which the charity is entitled to receipL it is more likely than nol that the trnstees will recciv¢ the income and the monetary valu¢ can be measured with sufficient reliability. Offselting There has been no offsetting of assets and liabilities, or income and expenditure. Erpendithre All expenditure is included on an a¢¢nlS basis and is recogni8ed when there is a legal or cotCtive obligation comrnitting the Trustees to the exF¢nditure and the amount of obli8atiOD can be me&sured with reasonable certainty. Stalw offund¥ These fu1¢ial staterDents include all the fimds governed by the ternis of the principal Tr Deed d&d 14 Ma). 1999. The charitv has one unreskncted fimd which the TnLStees are free to use for any purwse in furtherance of the charitable objectives. Taration The charity is not registered for VAT and therefoTe all expenses include VAT where applicable.
Lord Hanson Foundation NOTES TO THE FINANCIAL STATEMEwfs FOR THE YEAR ENDED 5 APRIL 2021 3 Resources Eipended 3 (a) Charitable activities During the year th¢ Found10 m&le the following donations: 2021 2020 Hanson Rarch T1 Autism Initiatives Reigate Beekeeper5 Reading Association for the Blind Katharin¢ House Hospice SERVE Derby To¢ H Children's Camp Catzero Synthonia Scout Group Si John of Jenwlem Eye Hospitsl Wiltshire Sight Children's Trust Tadwortb Marie Curie The Children's Hospital The Norfolk Hospice OuN'ard Bound Tendring Eldercar¢ 10,000 1.000 1.000 1.000 2.000 1.000 i 0.000 1,000 1.000 i.tho 2.0 2.000 500 1.000 1,000 5.000 2,000 2.000 500 1,000 5.000 500 500 500 1.000 36.5IXI 36.500 In addition lo the atK)ve donations. the Foundation also paid donations of £1,5(X) to the Royal College of Radiologists in both the current and prcceding years. This amount w&s fully ac¢nd in previous years. The Foundation h&8 committed to pay an amjual amount of £1,5(M) for the next six years to Th¢ Royd College of Radiologists. This amount was fully accn*d in previous years. 3 (b) Raising funds 2021 2020 Investment maoagement costs 3(X) 10
Lord Hanson Foundation NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 5 APRIL 2021 4 Other eosts 2021 2020 Indep¢ndent examinefs costs 500 500 S Fixed Asset Investmeots Quoted Investments 2021 2020 Market value at 6 April 2020 UnTealised(lossy gain on revaluation Market value at 5 April 2021 1259.578 3?2236 1,463.765 (204.187) 1,581,814 1.259,578 6 Creditors: amounts falling due within one year 2021 2020 Accnmls Other creditors - donations (see lOw) 5(X) 1,500 500 1,500 2.000 2,0 7 Credlton: amounts f811ing due after more than one year 2021 2020 Other creditors - donations (see below) 7.500 9.000 7,500 9,000 The liability for donations comprises a cornmitrient to fimd a lecture at The Royal College of Radiologists for the next six years at an annual cost of £1.500. 8 Falr vAlue of *s8ets and liabilitks The charity is not extx>s&J to credit risk as it has no debtors. Likewise it is not exsed to liquidity risk as it has suffi¢ieM c&sh available to meet its short terni financia] demands.
Lord Hanson Foundation NOTES TO IHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 The charity is exwsed io market risk as the majority of its a&sets are in quoied investsnents. However its assets are so much more than its conunitments that even a 500/0 fall in the value of the investments will bave no short terni impxt on its ability to continue. 9 Tr*nsartions with relAt¢d p2rtie8 Ther¢ have been no related paty traDsactions in the rewjrting riod. 12