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