2020-12-31-accounts - The David And Claudia Harding Foundation

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Trustees' annual report
Trustees' responsibilities statement
tndependent auditor's report to the members
Statement offinancial activities
Statement offinancial posiTion
Statement ofcash ilows
Notes to the financial statements

The trustees	The trustees	present	their report	their report	and the financial statemenls	and the financial statemenls		of the charity	for	the year ended 31 December 2020.	the year ended 31 December 2020.
Reference	and administrative				details
Registered		charity	name			The David and Claudia		Harding	Foundation
Charity registration			number			1120878
Principal offic						Grove House
						27 Hammersmith	Grove
						London
						W6 ONE
The trustees
						Mr D W Harding
						Mrs C Harding
						Mr S Llndley
Auditor						Sagars Accountants Ltd
						Chartered Accountants		&Statutory		Auditor
						Gresham House
						5-7 St Paula Street
						Leeds
						LS1 2JG
Bankers						C Hoare &Co
						37 Fleet Street
						London
						EC4P 4DQ
Sogcltors						tNiihers LLP
						20 Old Baaey
						London
						EC4M 7AN
Structure,	governance			and management
Governing	document
The David and Claudia iime to time, (the "Trust				Harding Deed")	Foundation (the "Foundation" ) is governed by a trust deed and is registered as a charity with ihe Charity Commission						date 10August 2007.as varied from with effect from 17September 2007.

Year ended 31Decem	ber 2020
				2020		2019
				urea satcted		Total funds
			Note	funds f	Total funds 8	(restated) 5
Income and endowments
Donagons and legacies			4	25,000.000	25,000.000	53.934.295
Investment income			5	6.239	6.239
Total Income				25,006,239	25,006,239	53.934.295
Expenditure Expenditure on charitable	activities		6,7	585.769	585.769	101.418.915
Total expenditure				585.769	585.769	101,418,915
Net Incomel(expenditure)	and net movement	In funds		24,420,470	24,420.470	(47.484,620)
Reconcglatlon offunds
Total funds brought forward				(22.062.366)	(22,062.366)	25,422,254
Total funds carried forward				2,358,104	2.358,104	(22.062.366)

			2020	2019
				(lastaled)
		Note
Current assets
Debtors		14		2,130,271
Cash at bank and in	hand		13,939,406	8,870,978
			13,939,406	11,001,249
Creditors: amounts	falling due within one year	15	(11,005,683)	(22,048,424)
Net current assets			2,933,723	(11,047,175)
Total assets less current liabilities			2,933,723	(11,047,175)
Creditors: amounts	falling due after more than one year	16	(575,619)	(11,015,191)
Net assets			2,358,104	(22,062,366)
Funds ofthe charity
Unrestricted funds			2,358,104	(22,062,366)
Total charity funds		17	2,358,104	(22,062,366)

Year ended 31Decem	be	r 20	20
					2020	2019
						(resratedl
						6
Cash gows from operating Net income/(expenditure)		activities			24.420.470	(47.484.620)
Adjus/men/s for.
Other interest receivable	and	similar income			(6,239)
Accrued expenses						600
Changesin; Trade and other debtors					2.130,271	(2,129,022)
Trade and other creditors					(21,482.313)	28,397,763
Cash generated from operations					5.062.189	(21,215,279)
Interest received					6.239
Nel cash from/(used in) operating			activllies		5,068,428	(21215,279)
Net Increasel(decrease)	In	cash and cash		equivalents	5,068.428	(21,215,279)
Cash and cash equivalents		at beginning		ofyear	8,870.978	30,086,257
Cash and cash equivalents		at end ofyear			13939,406	8,870,978

9.	Analysis ofgrants	Analysis ofgrants
	The chariiy undertakes			its		charitable activities		through		making	donations	and	awarded	donations	to the	following
	institutions during the period
														2020		2019
																(rearated)
																E
	Grants to individuals
	New ventures	fund														172,177
	University ofCambridge														100,000,000
	Policy Exchange Umited													450,000		150,000
	Other donations to institutions					(under E50.000)								38,893		24,771
	Greenhouse Sports													50,000
	University ofPotsdam															848,992
	The Univemity	ofWarwick														202,839
	Total grants													538,893	101,398,779
	The following	donations		included			above were commihed		to by the		Foundation,	but	had not	been paid at	lhe year end as
	they relate to	payments		committed			for future periods:							2020		2019
														E		E
	University of	Polsdam												716,012		677,392
	The University	ofWarwick												135,226		202,839
	The Sdence	Museum	Foundation													1,000,000
	StCatharine's	College,		Cambridge												333,334
	The Chancellor Masters			and		Scholars ofthe University			of	Oxford				150,000		300,000
	The University	ofLeicester												104,724		136,387
	University o(	Dundee												97,167		194,334
	Universily of	Cambridge												10,000,000	30,072,940
	Policy Exchange Limited													300,000
	Other													16,668		26,668
	New ventures	fund												54,905		113,122
														11,574,702	33,057,015
10.	Net income/(expenditure)
	Net income/(expenditure)				is slated		after charging/(crediting):
														2020		2019
																(restated)
														E		E
	Foreign exchange differences													38,260
11.	Auditors remuneration
														2020		2019
																(restated)
														E		E
	Fees payable	for the audit			of	the financial statements								6.100		6,100