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





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|The trustees|The trustees|present|their report|their report|and the financial statemenls|and the financial statemenls||of the charity|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<br>Ltd|||||||
|||||||Chartered<br>Accountants|||&Statutory||Auditor||
|||||||Gresham<br>House|||||||
|||||||5-7 St Paula Street|||||||
|||||||Leeds|||||||
|||||||LS1 2JG|||||||
|Bankers||||||C Hoare &Co|||||||
|||||||37 Fleet Street|||||||
|||||||London|||||||
|||||||EC4P 4DQ|||||||
|Sogcltors||||||tNiihers<br>LLP|||||||
|||||||20 Old Baaey|||||||
|||||||London|||||||
|||||||EC4M 7AN|||||||
|Structure,|governance|||and management|||||||||
|Governing|document||||||||||||
|The David and Claudia<br>iime to time, (the "Trust||||Harding<br> Deed")|Foundation<br>(the "Foundation" ) is governed<br>by a trust deed <br>and is registered as a charity with ihe Charity Commission|||||||date 10August 2007.as varied from<br>with effect from 17September 2007.|





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|Year ended 31Decem|ber 2020||||||
|---|---|---|---|---|---|---|
|||||2020||2019|
|||||urea satcted||Total funds|
||||Note|funds<br>f|Total funds<br>8|(restated)<br>5|
|Income and endowments|||||||
|Donagons<br>and legacies|||4|25,000.000|25,000.000|53.934.295|
|Investment<br>income|||5|6.239|6.239||
|Total Income||||25,006,239|25,006,239|53.934.295|
|Expenditure<br>Expenditure<br>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<br>offunds|||||||
|Total funds<br>brought<br>forward||||(22.062.366)|(22,062.366)|25,422,254|
|Total funds carried forward||||2,358,104|2.358,104|(22.062.366)|





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||||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<br>funds|||2,358,104|(22,062,366)|
|Total charity funds||17|2,358,104|(22,062,366)|





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|Year ended 31Decem|be|r 20|20||||
|---|---|---|---|---|---|---|
||||||2020|2019|
|||||||(resratedl|
|||||||6|
|Cash gows from operating<br>Net income/(expenditure)||activities|||24.420.470|(47.484.620)|
|Adjus/men/s<br>for.|||||||
|Other interest receivable|and|similar income|||(6,239)||
|Accrued expenses||||||600|
|Changesin;<br>Trade and other debtors|||||2.130,271|(2,129,022)|
|Trade and other creditors|||||(21,482.313)|28,397,763|
|Cash generated<br>from operations|||||5.062.189|(21,215,279)|
|Interest received|||||6.239||
|Nel cash from/(used<br>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|





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||Donations|Donations||and legacies|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted||Total|Funds||urvestdcted|Total Funds|
||||||||Funds|||2020|Funds|2019|
|||||||||||||(rostated1|
|||||||||||||E|
||Donations||||||||||||
||Donations|||||25.000,000||25.000.000|||53.934,295|53,934,295|
|tL|Investiiierlt|||Incoiiie|||||||||
|||||||Unrestrided||TolalFunds|||Unrestdcled|Total Funds|
||||||||Funds|||2020|Funds|2019|
|||||||||||||(resisted'|
||||||||E|||E||E|
||Bank interest receivable||||||6,239|||6.239|||
|8.|Expenditure|||on charitable|activities|by fund type|||||||
|||||||Umestrlded||Total|Funds||Unrestricted|Total Funds|
||||||||Funds|||2020|Funds|2019|
|||||||||||||(restaiedf|
||||||||E|||E|E|E|
||Charitable||donations||||538.893|538,893|||101,398,779|101,398,779|
||Support|costs|||||46.876|46.876|||20,136|20.136|
||||||||585,769|585.769|||101.418.915|101,418.915|
||Expenditure|||on charitable|activities|by activity type|||||||
|||||||Grant|funding<br>of||||||
||||||||activities|Support||costs|Total funds 2020|Total fund 2019|
||||||||E|||E|E|E|
||Charitable||donaeons||||538.893|||5,015|543.908|101,415,316|
||Governance|||costs||||41.861|||41.861|3,599|
||||||||538,893|46,876|||585.769|101,418.915|
|8.|Analysis|ofsupport costs|||||||||||
|||||||||Legal and|||||
|||||||Office costs||professional||fees|Total 2020|Total 2019|
||||||||E|||E|E|E|
||General|office|||||305|||4,710|5.015|16,537|





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|9.|Analysis ofgrants|Analysis ofgrants|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||The chariiy<br>undertakes|||its||charitable<br>activities||through||making|donations|and|awarded|donations|to the|following|
||institutions<br>during the period||||||||||||||||
|||||||||||||||2020||2019|
|||||||||||||||||(rearated)|
|||||||||||||||||E|
||Grants to individuals||||||||||||||||
||New ventures|fund||||||||||||||172,177|
||University<br>ofCambridge||||||||||||||100,000,000||
||Policy Exchange Umited|||||||||||||450,000||150,000|
||Other donations<br>to institutions|||||(under E50.000)||||||||38,893||24,771|
||Greenhouse<br>Sports|||||||||||||50,000|||
||University<br>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<br>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<br>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<br>of|Cambridge||||||||||||10,000,000|30,072,940||
||Policy Exchange<br>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<br>remuneration||||||||||||||||
|||||||||||||||2020||2019|
|||||||||||||||||(restated)|
|||||||||||||||E||E|
||Fees payable|for the audit|||of|the financial statements||||||||6.100||6,100|



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