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← Lord Hanson Foundation

2025-04-05-accounts

LORD HANSON FOUNDATION

ANNUAL REPORT AND FINANCIAL STATEMENTS

For the year ended 5 April 2025

Registered Charity No: 1077014

Lord Hanson Foundation

CONTENTS

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Lord Hanson Foundation

Registered Charity No: 1077014

TRUSTEES

The Hon Robert Hanson

Alan Hagdrup (deceased 8 May 2025) E R Charles Lewis

INDEPENDENT EXAMINER

Fiona B Hope FCA CTA Furnace House Mohope Hexham Northumberland NE47 8DQ

BANKERS Lloyds Bank 102a Brompton Road Knightsbridge London SW3 1JJ

INVESTMENT MANAGERS

JM Finn 22/24 Queen Square Bristol BS1 4ND

REGISTERED ADDRESS 31 Wilton Row London SW1X 7NS

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Lord Hanson Foundation

eSee ee TRUSTEES' ANNUAL REPORT

The Trustees present their report and financial statements for the year ended 5 April 2025.

Principal objectives and activities for the public benefit

The primary stated purpose is set out in a Trust Deed and is “to apply the income, and all or such part or parts of the capital, at such time or times and in such manner to or for the benefits of such exclusively charitable objects and purposes in any part of the world as the Trustees may in their discretion think fit”.

These purposes were met in the current year by the making of grants and donations totalling £55,500. The ‘lrustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and 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 year inform us that our donations are valuable contributions to their ongoing survival and in particular the small charitics who are finding it increasingly difficult to raise funds.

Financial Review

During the year, the Trustees continued their investment policy of holding interest bearing funds and equities.

The Trustees considered a number of charitable projects during the year and made 19 grants or donations to various bodies totalling £54,000 (2024 - 19 donations totalling £50,000). Details of the receiving bodies are given in note 3(a) to the accounts. The Trustees have undertaken to fund the David Skeggs Lecture at the Royal College of Radiologists for the next two years at an annual cost of £1,500. The full cost of this undertaking was accrued in previous years. The total donations made in the current year were therefore £54,000 as shown in note 3(a) plus £1,500 to the David Skeggs Lecture.

The net income for the year prior to revaluation of investments was £9,053 (2024 - £8,842). Following the net unrealised investment loss of £15,714 (2024 -profit £13,376), net movement in funds for the year amounted to a deficit of £6,661 (2024 - excess £22,218). Net assets at 5 April 2025 stood at £1,524,032 (2024 - £1,530,693)

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Lord Hanson Foundation
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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 Trustees’ policy has been to maintain sufficient unrestricted funds to enable the charity to fund its expenditure out of current income.

Risk management

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate such exposure.

Structure, governance and management

The Lord Hanson Foundation was established by Trust Deed dated 14 May 1999 and registered on 12 August 1999.

The Trustees during the year are listed on page 3. New Trustees are appointed following an approach to suitably qualified individuals. There are no formal induction or training procedures for new Trustees.

Reference and administration details

Details of the charity’s name, its registered number in England, address of its principal office and names of Trustees 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 board of Trustees:

JR tert W Hansen Hon Robert Hanson 27 January 2026

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Lord Hanson Foundation

eee INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LORD HAN SON FOUNDATION I report on the accounts of the charity for the year ended 5 April 2025 which are sct out on pages | to 12.

Respective responsibilities of Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. It is my responsibility to (1) examine the accounts under Section 145 of the Charities Act; (2) to follow the procedures laid down in the general Directions given to the Charity Commission under Section 145(5)(b) of the Charities Act; and (3) to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence 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 is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination no material matters have come to my attention which gives me cause to believe that, in any material respect:

I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

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Fiona B Hope FCA CTA Hexham,Furnace House, Northumberland Mohope NE47 8DQ

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Lord Hanson Foundation

—_—eSSeS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025

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|||||| |---|---|---|---|---| |UNRESTRICTED| |FUND| |2025|2024| |Income|£|£| |Investment income|63,853|59,642| |Total|63,853|59,642| |Expenditure| |Raising funds|Note|3|300|300| |Charitable activities|Note 3|54,000|50,000| |Other|Note 4|500|500| |Total|54.800|50,800| |———————————————|—|EEE| |Net Income|9,053|8,842| |Gain/(Loss) on|revaluation of investments|Note 5|(15,714)|13,376| |Net movement|in funds|(6,661)|22,218| |Balance|at April|5, 2024|1,530,693|1,508,475| |Balance at April|5, 2025|1,524,032|1,530,693|

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Lord Hanson Foundation

BALANCE SHEET AT 5 APRIL 2025

2025 2024
£ £
Fixed assets
Investment portfolio Note 5 1,453,614 1,469,328
Current assets
Cash at Bank and in hand 73,918 66,365
73,918 66,365
Creditors: amounts falling due within one year Note 6 (2,000) (2,000)
Net current assets 71,918 64,365
Total assets less current liabilities 1,525,532 1,533,693
Creditors: amounts fallingdue aftermore than Note 7 (1,500) (3,000)
one year
Total assets less liabilities 1,524,032 1,530,693
Trust Fund
Unrestricted fund 1,524,032 1,530,693
Totalfunds 1,524,032 1,530,693

The financial statements were approved and authorised for issue by the Board of Trustees and were signed on their behalf by

Hon Robert Hanson Trustee 27 January 2026

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Lord Hanson Foundation

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

a

Basis ofaccounting

These financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting 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 with the Charities Act 2011.

2 Accounting policies

Investments

Investments are valued initially at cost and subsequently at fair value (their market value) at the year end. Realised gains or losses on investments are recognised on disposal of investments and any gain or loss on revaluation is taken to the SofFA. The determination of any gains and losses is calculated by reference to the value of such asscts at the beginning of the accounting period.

Jncome

Investment income is derived from dividends and interest receivable from investments and is accounted for in the period in which the charity is entitled to receipt, it is more likely than not that the trustees will receive the income and the monetary value can be measured with sufficient reliability.

Offsetting There has been no offsetting of assets and liabilities, or income and expenditure.

Expenditure

All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation committing the Trustees to the expenditure and the amount of obligation can be measured with reasonable certainty.

Status offunds These financial statements include all the funds governed by the terms 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.

Taxation The charity is not registered for VAT and therefore all expenses include VAT where applicable.

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Lord Hanson Foundation

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025

During the year the Foundation made the following donations:

2025 2024
Fa £
HansonResearchTrust 10,000 10,000
Autism Initiatives 1,500 1,500
Race Against Dementia 1,000 1,000
Reigate Beekeepers 1,500 1,500
Katharine House Hospice 3,000 2,500
SERVE 1,500 1,500
DerbyTocH Children's Camp 3,000 2,500
CatZero 3,500 2,500
Synthonia Scout Group 1,000 1,000
StJohnofJerusalemEye Hospital 2,000 2,000
Wiltshire Sight 1,500 1,500
Children's Trust
Tadworth		 7,000 6,000
Marie Curie 2,500 2,500
The Children's Hospital 6,000 5,500
TheNorfolk Hospice 2,000 1,500
OutwardBound 1,500 1,500
Tendring Eldercare 2,000 2,000
YMCAEast Surrey 2,000 2,000
Berkshire Vision 1,500 1,500
54,000 50,000

In addition to the above donations, the Foundation also paid donations of £1,500 to the Royal College 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 next two years to The Royal College of Radiologists. This amount was fully accrued in previous years.

3 (b) Raising funds
2025 2024
£ £
Investmentmanagementcosts 300 300

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Lord Hanson Foundation

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

4 Other costs
2025 2024
z £
Independent examiner's costs 500 500
5 Fixed Asset Investments
QuoiedInvestments
2025 2024
£ £
Marketvalue at 6 April 2024 1,469,328 1,455,952
Unrealised gain/(loss) onrevaluation 13,376 13,376
Market value at 5 April 2025 1,482,704 1,469,328
6 Creditors: amounts fallingdue within one year
2025 2024
£ z=
Accruals 500 500
Othercreditors - donations (seebelow) 1,500 1,500
2,000 2,000
7 Creditors: amounts fallingdue aftermore thanone year
2025 2024
£ £
Other creditors - donations (seebelow) 1,500 3,000
1,500 3,000

The liability for donations comprises a commitment to fund a lecture at The Royal College of Radiologists for the next two years at an annual cost of £1,500.

8 Fair value of assets and liabilities

The charity is not exposed to credit risk as it has no debtors. Likewise it is not exposed to liquidity risk as it has sufficient cash available to meet its short term financial demands.

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Lord Hanson Foundation

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025

The charity is exposed to market risk as the majority of its assets are in quoted investments. However its assets are so much more than its commitments that even a 50% fall in the value of the investments will have no short term impact on its ability to continue.

9 Transactions with related parties

There have been no related party transactions in the reporting period.

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