2022-07-31-accounts - The Nicholas Hammond Foundation

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STATEMENT OF FINANCIAL	ACTIVIT	IES
			Unrestricted	Restricted	Total Unrestricted		Restricted	Total
			2022	2022	2022	2021	2021	2021
		Notes
INCOME FROM;
Donations and legacies			17,555		17,555	2,458		2,458
Investment income			13,298		13,298	15,953		15,953
TOTAL INCOME			30,853		30,853	18,411		]8,411
EXPENDITURE ON;
Charitable activities		4	52,576		52,576	31,698		31,698
TOTAL EXPENDITURE			52,576		52,576	31,698		31,698
NET INCOME BEFORE
(LOSSES)/GAINS ON INVESTMENTS			(21,723)		(2],723)	(13,287)		(13,287)
Net gains/(losses) on investment	assets	7	9,770		9,770	98,777		98,777
NET MOVEMENT IN FUNDS			(11,953)		(11,953)	85,490		85,490
RECONCILIATION OF FUNDS
Total funds brought forward			563,358	100,000	663,358	477,868	100,000	577,868
Total funds carried forward			551,405	100,000	651,405	563,358	100,000	663,358

STATEMENT OF CASH	FLOWS
				2022	2021
			Notes
Net cash used in operating	activities		10	10,779	(29,746)
Cashflows from investing	activities
Interest and dividends				13,298	15,953
Net additions ofinvestments				]87,681
Net disposals ofinvestments				(187,681)
Net cash provided by investing activities				13,298	15,953
Change in cash and cash equivalent		in the	year	24,077	(13,793)
Cash and cash equivalents	brought	forward		18,415	32,208
Cash and cash equivalents	carried forward			42,492	18,415

4.a	EXPENDITURE	ON CHARITABLE ACTIVITIES:	ON CHARITABLE ACTIVITIES:			Total
	YEAR ENDED	3ISTJULY 2022		Unrestricted	Restricted	2022
	Grants:
	Clare College			45,000		45,000
	Nicholas?Iammond Career Fund			5,000		5,000
	Support and Governance		costs:
	Miscellaneous	expenses		118		118
	Independent Examination			720		720
	Administration	expenses		1,738		1,738
				52,576		52,576
						Total
4.b	YEAR ENDED	31STJULY 2021		Unrestricted	Restricted	2021
	Grants:
	Clare College			30,000		30,000
	Support and Governance		costs:
	Miscellaneous	expenses		4		4
	Independent Examination			36		36
	Administration	expenses		1,658		1,658
				31,698		31,698

TRUSTEES EXPENSES AND REMU	NERATION	NERATION
The Charity considers is key personnel	management		to be thc Trustees.		The Trustees		give freely their time
and expertise without any form ofremuneration		or	other benefit	in cash	or kind.	No	expenses were paid to
the Trustees in this year or the previous	year.
NET MOVEMENT IN FUNDS FOR	TEKYEAR						2022	2021
This is stated after charging:
Independent examiners fee							720	36
FIXEDASSETINVESTMENT AT~TVALUE - CURREN'f YEAR								Equities 2022
Market value at 1stAugust 2021								646,601
Additions								]87,661
Unrealised disposals								(187,661)
Unrealised gains								10,589
Realised losses								(819)
Market value at 31st July 2022								656,371
Historical cost at 31stJuly 2022								513,070

NOTES	THE FINANCIAL STATEMENTS	THE FINANCIAL STATEMENTS
	FIXED ASSET INVESTMENT AT~TVALUE - PRIOR YEAR															Equities 2021
																8
	Market value at 1st August	2020														547,824
	Unrealised gains															98,777
	Market value at 31stJuly 2021															646,601
	Historical cost at 31stJuly	2021														446,000
	All investments are carried	at their	fair value.				Investments		in equities		and	fixed interest		securities are all traded
	in quoted public markets, primarily		the London					Stock Exchange.		Asset, sales and			purchases		are recognised
	at the date oftrade cost (that is their			transaction				value).
	All investments are held for charitable				purposes			and held in the		UK.	Investments		held that		exceed 5%ofthe
	total value are;
											2022		2021
	CAF UK Equitrack		Fund								7%		36%
	Hargreaves	Lansdown			Fund	1					17%		17%
	Hargreaves	Lansdown			Fund	2					15%		18%
	Diversified	Property		Fund for Charities							32%		29%
	Amundi										29%		0%
										100%		100%
	CREDITORS'.amounts falling due		within			one	year								2022	2021
	Accruals —independent examination														720
	Due to Clare College														46,738	1,658
															47,458	1,658
9a.	ANALYSIS OF CHARITABLE FUNDS					- CURRENT YEAR						Cutty	Sark
												Restricted		Unrestricted		Total
												Fund			Funds	Funds
	Balance at 1st August 2021											100,000			563,358	663,358
	Income														30,853	30,853
	Expenditure														(52,576)	(52,576)
	Gains on investments														9,770	9,770
	Balance at 31stJuly 2022											100,000			551,405	651,405
9b.	ANALYSIS OF CHARITABLE FUNDS					—PRIOR YEAR						Cutty Sark
												Restricted		Unrestricted		Total
												I'und			Funds	Funds
																f
	Balance at 1stAugust 2020											100,000			477,868	577,868
	Income														18,411	18,411
	Expenditure														(31,698)	(31,698)
	Gains on investments														98,777	98,777
	Balance at 31st July 2021											]00,000			563,358	663,358

RECONCILATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATIONS	RECONCILATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATIONS	RECONCILATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATIONS	RECONCILATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATIONS	RECONCILATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATIONS	RECONCILATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATIONS
ACTIVITIES				2022	2021
				f,
Net movement in	funds			(11,953)	85,490
Gains on investments				(9,770)	(98,777)
Deduct dividends	under investing	activities		(13,298)	(15,953)
Increase/(decrease)	in creditors			45,800	(506)
Net cash provided	by/(used in) operating		activities	10,779	(29,746)