LORD HANSON FOUIYDATION
ANNUAL REPORT AND FINANCIAL STATEMENTS
For the year ended 5 April 2023
Registered Charity No.. 1077014

Lord Hanson Foundation
CONTENTS
Page
Legal and administrative inforniation
Report of the Trustees
Report of the Independent Examiner
Statement 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 Hagdrup
E R Charles Lewis
INDEPENDENT EXAMIIIER
Fiona B Hope FCA CTA
Furnace House
Mohope
Hexharn
Northumberland
NE47 8DQ
BANKERS
Llojds Bank
102a Brompion Road
Knightsbridge
London
SW3 IJJ
INVESTMENT MANAGERS
JMFinn
22124 Queen Square
Brislol
BSI 4ND
REGISTERED ADDRESS
31 Wilion Ro
London
SWIX 7NS

Lord Hanson Foundation
TRUSTEES, ANNUAL REPORT
The Trustees preseni their retK)rt and financial ststements for the year ended 5 April 2023.
Principal objectives and activities for the public benefit
The primary stated purpose is set out in a Tn￿t Deed and is 'to apply the income. and all or such
part or parts of the capital. at such time or lime5 and in such manner to or for the benefits of such
exclusivelj charitable objects and Purposes in any part of the world as the Trustees may in their
discretion think fit"
These purwses were met in the current year by the making of grants and donations totslling,
£38.000. The Trustees confirni that the). have referr￿ to the guidance conlained in the Charity
Commission's general guidance on public benefit when revIe￿ing the charity's aims and objectives
aE]d in planning future activities and making decisions on the awards of grants and donations during
the year.
Achievements and performance
The Trustees. aims are to make a difference where they can and this has been a successful year.
The organisations the Foundation has helped during this financial y¢ar inform u5 that our donations
are valuable contributions lo their ongoing survival and in particular the small charities who are
finding it inCre￿ing1), difficult to raise fimds.
Financial Revie
During the year. the Trustees continued their investment pK)licy of holding interest bearing fi￿dS and
equilies.
The Trustees considered a number of charitable projects during the year and made 17 grants OT
donations to various bodies totalling £36.500 (2022 - 19 donation5 totalling £39,500). Detai15 of the
receiving bodies are given in note 3(a) to the acwunts. The Trustees have undertaken to fimd the
David Skeggs Lecture ai the Royal College of Radiologists for th¢ next four years at an annual Cost
of £1,500. The full cost ol this undertsking w&8 accrued in previo￿8 vears. The total donations
made in the current year We￿ therefore £36.500 as shown in note 3(a) plus £1,500 to the David
Skeg2s Lecture.
The net income for thc ycar prior to revaluation of investments was £12,497 {2022 - £1,942}.
Following the net unrealised investment loss of £109.980 (2022 - £15.882}, net movement in funds
for the year amounted to a deficit of £97.483 (2022 - £13.940). Net assets at 5 April 2023 slood at
£1,508,475 (2022 - £1.605.958)

Lord Hanson Foundation
TRUSTEES, ANNUAL REPORT
Reserves policy
The unrestricted fund represents funds arising from past events that may be expended on any of the
charity's objects. The TnLslees ￿lI1¢Y has been to n￿Intain sufficient unrestricted funds to enable
the charity to fund its expenditure out of ¢UTrent income.
Risk management
The Trustees have assessed the major risks to which the charkty is expose(L in particular those
relaled to the operaiions and finances of the charity, and are satisfied thai systems are in place to
miligate such exposure.
Strncture. governance and management
The Lord Hanson Foundaiion was estsblished by Trust Deed dated 14 May 1999 and registered on
12 Augusi 1999.
The Trustees during the year are listed on page 3. New Trustees are appointed following an
approach to suktably qualified individuals. There are no fonnal induction or training procedures for
new Tn￿le¢s.
RefereD¢e and administration delails
Details of the charity s name. its registered number in Englan(L address of its principal office and
names of T￿￿tee$ of the Charity who served during the year and up until this report was approved
are provided on page 3.
For and on behalf of the ￿ard of Tn￿le¢s.
Alan Hagdrnp
26 January 2024

Lord Hanson Foundation
tNDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LORD HANSON
FOIINDATION
I report on the accounts of the charity for the year ended 5 April 2023 which are set out on pages I to
12.
Resp¢ctive responsibilities of Trustees and Examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees
consider thal an audil is not required for this year under Section 144 of the Charities Aci 2011 (""the
Charities Act") and that an independent examination is needed. It is my responsibility to (l ) examine
the accounts under Section 145 of the Charities Act: {2) io follow the procedures laid down in the
general Directions given to the Charit), Commission under Se¢tion 145(5Kb} of the Charities Act;
and (3) to slate whether particular matters have come io my attention.
Basis of ind¢p¢ndent examiner's report
My examination was carried out in accordance the general Directions given by the Charity
Commission. An examination includes a review, of the accounting records kept by the charily and a
comparison of the accounts presenied those records. It a150 includes consideration of any
unusual items or disclosures in the accounts. and seeking explanations from you &$ truslees
concerning any such matters. The procedures undertaken do not provide all the ei'idence that would
be required in an audit, and consequently no opinion is given as to whether the accounts present a
"true and fair view" and the report 15 limited to th05e matlers set out in the slatement below.
Independenl examiner's st2temenl
In ¢onne¢tion w'ith m). examinaiion no material maners have come to my attention which gives me
cause to believe that. in any material ￿spect.
the accounling records were not kept in acconlance with section 130 of th¢ Charlties Act. or
the accounts did not accord with the accounting records. or
the accounts did not comply wtth the applicable requirements concerning the forni and content
of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any
requiremenl that the accounts giN'e a 'lrue and fair vi¢w which is not a matter consid¢r¢d as
part of an independent examination
I have come across no other matiers in connection with the examination to which attention should be
drawi in order to enable a proper understandiDg of the accounts to be reached.
Fiona B Hope FCA CTA
Furnace House, Mohope
Hexham. Northumberland
NE47 8DQ
26 January 2024

Lord Hanson Foundation
STATEMENT OF FtNANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2023
UNRESTRICTED
FUND
2023
2022
Income
Investment income
49,797
42.242
Tot81
49.797
42.242
Expenditure
Raising funds
Charitable activities
Note 3
Note 3
Note 4
300
36.500
500
300
39,500
500
Total
37.300
40,300
Net In¢ome
12,497
1,942
Gainl(Loss) on revaluation of investments
Note 5
(109.980)
(15.882)
Net movement in funds
(97.483)
(13.940)
Balance at April 5, 2022
1.605.958
1.619.898
Balance at April 5. 2023
1.508,475
1.605.958

Lord Hanson Foundation
BALANCE SHEET AT 5 APRIL 2023
2023
2022
Fixed *ssets
Investment wrtfolio
Noie 5
1,455,952
1,565.932
Current assets
Cash at Bank and in hand
59.023
48,026
59.023
48,026
Creditors." amounls falling due within one year
Note 6
(2,0￿)
(2,000)
Net current assets
57.023
46.026
Total assets less current liabilities
.512.975
1.611,958
Creditors: amounts falling due after more than
one year
Note 7
(4.5IKI)
(6.000)
Total assets less liabilities
1.508.475
1,605.958
Trust Fund
Unrestricted fund
1,508.475
,605.958
Totsl funds
1.508.475
1.605.958
The financial ststements were approved and authoris¢d for issue by the Board of Trustees and
w¢r¢ sip)ed on their ￿half by
Alan Hagdrup
Trustee
?6 January 2024

Lord Hanson Foundation
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
l Basis of preparation
Basis ofaccounling
These financial statements have been prepared under the historical cost convention with items
cognised at cost OT transaclion value unless otherwise stai¢d in thc rclcN'ant notes to these
accounts. The accounts have Eren prepared in accordance with the Statement of
Recommended Practice.. Accounting and RetK)rting by Charities preparing their accounts in
accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS102) issued on 16 July 2014 and ￿'1th the Charities Act 2011.
2 Accounting policies
Inve.s¢ments
Investments are valued initially at cost and subsequently at fair value (their market value)
at the year end. Realised gains or 105ses on investments are recognised on disposal of
investments and an). gain or loss on revaluation is tsken to the SotFA. The detern)ination
of any gain5 and losses is calculated by reference to the value of such assets al the
beginning of the accounting period.
Incopne
Investment income i5 derived from dividends and inlerest receivable from investmenis and
Is accounted for in the period in which the charity is entitled io receipl. il is more likely
than not ihai the trusiees will receive the income and the monetary value can b¢ rn￿ured
with sU￿1¢ient teliability.
Off.selling
There has been no offsetting of assets and liabilities. or income and expenditure.
Expendilure
All eX￿ndItUre is included on an accruals b&sis and is r¢¢ognised when there is a legal or
constructive obligation committing the Tntsiees to the expenditure and the amount of
obligation can be measured with re&wnable certainty.
Siatus offyn4ts
These financial statements include all the funds governed by the tenns of the principal
Trust Deed dated 14 May 1999. The charity has one unrestricted fund which the Trustees
are free to use for any purpose in furtherance of the charitable objectives.
T(Lration
The charity is not registered for VAT and therefore all expenses include VAT where
applicable.

Lord Hanson Foundation
NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
3 Resources Expended
3 (a) Charitable activities
During the year the Foundation made the following donations:
2023
2022
Hanson Research Trust
Autism Initiatives
Reigale Beekeepers
Reading Association for the Blind
Katharine House Hospice
SERVE
Derby Toc H Children's Camp
Ca￿er0
Synthonia Scout Group
St John of Jerusalem Eye Hospital
Wiltshire Sight
Children's Trust Tadworth
Marie Curie
The Children's Hospitsj
The Norfolk Hospice
Outward Bound
Tendring Eldercare
Church Wardens of Watton Church
Mary Hare Foundation
10.000
1.000
1.000
1.000
2.000
1.000
2,000
2,000
500
1.000
1.000
5,000
2.000
5.000
500
5(K)
1.000
i 0,000
1,000
1.000
1.000
2,000
1,000
2,000
2,000
500
1.000
1.000
5.000
2,000
5,000
500
500
1,000
1,000
2,000
36.5
39.500
In addition lo the aknve donation& the Foundation also paid donations of £1,500 to the Royal
Colleg¢ of Radiologists in both the current and preceding years. This amount was fully
accrued in previous years.
The Foundation has committed to pay an annual amount of £1,500 for the nexi four years to
The Royal College of Radiologisls. This amounl was fully accrued in prrvious years.
3 (b) Raising funds
2023
2022
Inveslmenl management costs
300
300
10

Lord Hanson Foundation
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
4 Other costs
2023
2022
Independent examinerfs costs
500
500
5 Fixed Asset Investments
Quo¢ed Inveslmenls
2023
2022
Market value at 6 April 2022
Unrealised(loss)/ gain on revaluation
Market vaIue at 5 April 2023
1.565.932
{109,980)
1.581,814
(15.882)
1.455.952
1,565,932
6 Creditors: amounts falling due ￿7th1n one year
2023
2022
Accruals
Other creditors - donations (see ￿lOw)
500
1,500
500
1,500
2.000
2.000
7 Creditors: amounts falling due after more than one year
2023
2022
Other creditors - donations (see below)
4.500
6,000
4,500
6,000
The liability for donations comprises a Commitment to fund a lectUTe at The Royal College of
Radiologists for the next four years at an annual cost of £1,500.
8 Fair value of 45s¢ts Ind li4biliti¢s
The charity is not exposed to credit risk as li has no debtors. Likewise it is not exposed to
liquidity risk as it has sufficient cash available to meet its short tern) financial demands.

Lord Hanson Foundation
NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
The charity is exposed io market risk &s the majority of its &ssets are in quoied investsnents.
However tts assets are so much more than its commitments that ei'en a 500/0 fall in the value
of the investments V¥ill have no short temi impact on its ability io continue.
9 Transactions wlth related partie5
There have been no relaled party transactions in the reporting period.
12