2021-04-05-accounts

CONTENTS		Page
TRUSTEES' ANNUAL	REPORT	1-4
AUDITORS' REPORT		5-7
ACCOUNTS:
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET
NOTES TO THE ACCOUNTS		10-14

H.W. Fisher:	H.W. Fisher:	H.W. Fisher:	Acre House,
			11-15,William Road,
			London, NWI 3ER.
AUDITORS
Fletcher	ar Partners:		Crown Chambers,
			Bridge Street,
			Salisbury,
			Wiltshire, SP1 2LZ.
SOLICITORS
Withers	LLP:		16Old Bailey,
			London, EC4M 7EG.
Michelmores			Woodwater House
			Pynes HiR
			Exeter EX2 5WR
BANKERS
Coutts &		Co:	Strand Privat«Banking,
			440 Strand,
			London, WC2R OQS.
Charities		Aid Foundation:	25 Kings Hih Avenue
			Krngs Hrll, West Malltng
			Kent, ME19 4TA
INVESTMENT ADVISORS
Kleinwort		Hambros	Norfolk House
			31 StJames's Square
			London SW1Y4JR
Signed:		Mrs Patricia A. B«echam		Trustee
		Anthony J.Bernstein		Trustee
		David B.Hammerson		Trustee
		D. Rory Hammerson		Trustee
Dated:

	Notes		2021			2020
		Capital	Income	Total	Capital	Income	Total
		8	1				2
INCOME AND ENDOWNMENTS
Investment Income:
Divtdends/Interest Re«eiv«d (Gross)			137,278	137278		222,079	222,079
Bank Interest Received (Net)
Income Tax Recoverable			628	628		7,570	7,570
Tax Repayment Supplement			65	65
TOTAL INCOME			137,971	137,971		229,649	229,649
EXPENDITURE
Costs ofgenerating funds
Investment management costs		76,756		76,756	88,172		88,172
Charitable activities			148,213	148,213		247,988	247,988
TOTAL EXPENDITURE		(76,756)	(148,213)	(224,969)	(88,172)	(247,988)	(336,160)
NET INCOME / (EXPENDITURE) BEFORE
GAINS /(LOSSES) ON INVESTMENTS		(76,756)	(10,242)	(86,998)	(88,172)	(18,339)	(106,511)
OTHER RECOGNISED GAINS AND LOSSES
Garne/(losses) on Investm«nts
Realised	9	219,919		219,919	(140,498)		(140,498)
Unr«absed	10	1,482,707		1,482,707	(I,170,226)		(1,170226)
Gains/(tosses) on Foreign Fxchange
Unrealis«d	10	(8,153)		(8,153)	4,593		4,593
NET INCOME / (EXPENDITURE)		1,694,473		1,694,473	(1,306,131)		(1,306,131)
NET MOVEMENT IN FUNDS		1,617,717	(10242)	1,607,475	(1,394,303)	(18,339)	(1,412,642)
BALANCE BROUGHT FORWARD AT 6th APRIL 2020		7,109,348	146,205	7,255,553	8,503,651	164,544	8,668,195
BALANCE CARRIED FORWARD AT 5th APRIL 2021		8,727,065	135,963	8,863,028	7,109,348	146,205	7255,553

			Notes		2021			2020
FIXEDASSETS
Investments						9,843846			8,030,344
CURRENT	ASSETS
Debtors			11	44,389			26,336
Cash at Bank			12	205,080			264,196
				249,469			290,532
CURRENT	LIABILITIES
Creditors			13	(8,272)			(4,483)
NET CURRENT ASSETS						241,197			286,049
TOTAL ASSETS LESSCURRENT LIABILITIES						10,084,443			8,316,393
CREDITORS - Amounts		falling due after more
than one year
Capital Gains Tax			14			(1221,415)			(1,060,840)
						8,863,028			7355,553
Represented	by:
FUNDS
Capital			16			8,727,065			7,109,348
Income			17			135,963			146205
						8,863,028			7255,553

					Historical	Market Value	Market Value
				Holding	Cost	at 6.4.20	at 5.4.21	Income
	Hammerson pic
	25p Ordinary Shares			29,639	38,564	79,908	10,024	47
	SG Hambros Portfolio				8,546,058	7,950,436	9,833,222	137,231
					8,584,622	8,030,344	9,843846	137,278
	Market value at 6 April		2020				8,030,344
	Disposals at opening	book value					(2,346,423)
	Acquisitions at cost						3,130,161
	Increase in cash balance						(551,475)
	Change in value during		the year				1,580,639
	Market value at 5 April		ZOZI				9,843,246
	The tnvestments are held and income arises from:							k
	UK Quoted Securities						9,609,160	124,709
	Non UK Quoted Securities						124,782	3,451
	Cash held by Brokers						109,304	9,118
							9,843346	137478
	Historical Cost:						f
	At 5th April 2021						8,584,622
	At 5th April 2020						8,315,705
3.	TOTAL EXPENDITURE
					Other	Grant	Total	Total
					costs	funding	2021	2020
					5
	Costs ofgenerating	funds
	Investment management		costs		76,756		76,756	88,172
	Charitable activities
	Healthcare and Relief ofPoverty					141,800	141,800	241,800
	Other Costs				6,413		6,413	6,188
	Total				6,413	141,800	148,213	247,988
					83,169	141,800	224,969	336,160

									2021	2020
	Other costs ofgenerating		funds	comprise:
	Professional fees								960	5,227
	Accountancy and taxation		fees						12,751	11,348
	Investment management	fees							63,045	71,597
									76,756	88,172
5.	OTHER COSTS OF CHARITABLE ACTIVITIES
									2021	2020
	Other costs comprise:
	Accountancy and taxation		fees						4,250	3,927
	Trustee expenses								336	458
	Bank charges and interest								27	3
	Auditors' Remuneration								1,800	1,800
									6,413	6,188
6.	GRANTS PAYABLE
									2021	2020
									5
	Grants wetc made to the		following		institutions	relating to healthcare		and
	religious causes
	Lewis W Hammerson Memorial			Home					100,000	200,000
	David Hammerson CAF		Account						15,000	15,000
	Peter Hammerson CAF Account								15,000	15,000
	Karen Sakkalli CAF Account								2,500	2,500
	Rory Hammerson CAF Account								2,500	2,500
	Arabelle Parr CAF Account								2,500	2,500
	Louise Waidhofer CAF Account								2,500	2,500
	Charities Aid Foundation								1,800	1,800
									141,800	241,800
7.	GOVERNANCE COSTS
										2020
										f
	Other governance costs comprise:
	Auditors' remuneration								1,800	1,800
8.	TRUSTEES
	Fees of515275(2020:515275)			were paid during			thc year to H.W.Fisher, a lirm in which Mr AJBernstein

				2021	2020
	Gains / (Losses)	on Disposal	ofListed Investments	282„562	(104,019)
	Provision for Capital Gains Tax			(62,643)	(36,479)
				219,919	(140,498)
10.	UNREALISED	GAINS / (LOSSES)
				2021	2020
				8
	(Loss)/ Profit on Revaluation		ofInvestments	1,580,639	(1,272,303)
	Provision for Capital Gains Tax			(97,932)	102,077
	Gains / (Losses)	on Foreign Exchange		(8,153)	4,593
				1,474,554	(1,165,633)
11.	DEBTORS
				2021	2020
				5	5
	Sue Hammerson	Foundation		36,191	1,191
	Tax recoverable			8,198	25,145
				44,389	26,336
12.	CASH AT BANK
				2021	2020
					5
	SG Hambros			197,520	254,836
	Charities Aid Foundation			7,560	9,360
				205,080	264,196
13.	CREDITORS
				2021	2020
				8	5
	Sue Hammerson	Poundation
	Accru ala			8,272	4,483
				8,272	4,483
14.	CREDITORS - Amounts falling due after more
	than one year			2021 5	2020 f
	Capital Gains Tax			1,221,415	1,060,840

							Capital	Income	Total
							8
	Fund balances at 5 April		2021 are represented		by:
	Investments						9,843246		9,843246
	Debtors						44,389		44,389
	Cash at Bank						69,117	135,963	205,080
	Creditors:	amounts falling		due within one year			(8,272)		(8272)
	Creditors;	Amounts falling		due after more than one year			(1221,415)		(1,221,415)
							8,727,065	135,963	8,863,028
16.	CAPITAL	ACCOUNT
						2021		2020
							f
	Balance brought forward						7,109,348		8,503,651
	Less;	Profit/(Loss)	on sale ofinvestments			282,562		(104,019)
		Net movement		in market values		1480,639		(1272,303)
		Unrealised (Loss) on foreign exchange				(8,153)		4,593
		Expenses (Note		4)		(76,756)		(88,172)
		Provision for	capital gains tax			(160,575)		65,598
							1,617,717		(1,394,303)
							8,727,065		7,109,348
17.	INCOME	ACCOUNT
							2021		2020
									f.
	Balance brought forward						146,205		164,544
	Net income/ (expenditure)			for the year			(10,242)		(18,339)
	Balance carried forward						135,963		146,205