H M Sassoon Charitable Trust
Dated 5 December 1967
(Charity Commi55ion No. 254431)
Accounts
for the year ended 5 April 2022
Mercer
Trustees

H M Sassoon Charitable Trust
Dated 5 December 1967
Trustees, Annual Report
for the year ended 5 April 2022
Settlor:
Hugh Meyer Sassoon
Name of the Charity:
H M Sassoon Charitable Trust.
Governing Document:
The principal governing document Is a Settlement dated 5 December
1967. The Trust is a private charitable trust controlled by its
trustees.
Trustees:
James Meyer Sassoon
Sarah Louise von Halle
Adrian David Sassoon
The power of appointing new trustees was vested in Hugh Meyer
Sassoon, during his lifetime. Hugh Meyer Sassoon died on 19 April
2020 and the power is now vested in the trustees. If new or
additional trustees are appointed, they will be encouraged to receive
appropriate training depending on their qualifications and
experience.
Principal Office address:
14 Rutland Gate
London
SW7 IBB
Accountants..
Mercer & Hole Trustee5 Limited
21 Lombard Street
London
EC3V 9AH
Bankers:
Coutts & Co
440 Strand
London
WC2R OQS
Investment Managers:
Rathbone Investment Management Limited
28 St Andrew Square,
Edinburgh
EH2 IAF
Independent examiner:
Steve Robinson
Mercer & Hole LLP
21 Lombard Street
London
EC3V 9AH
Assets settled:
Hugh Meyer Sassoon died on 19 April 2020 and the charity is a
beneficiary of his estate. In the year to 5 April 2022 capital of
£23,826 was transferred to the charity. On 25 April 2022 a further
transfer from the estate of £3,818,533.00 was received.

H M Sassoon Charitable Trust
Dated 5 December 1967
Trustees, Annual Report
for the year ended 5 April 2022 Icontinuedl
The trustees present their annual report and financial Statements of the charity for the year ended S
April 2022. The financial statements have been prepared in accordance with the accounting policies set
out in note I to the accounts and comply with the charity's trust deed, the Charities Act 2011 and
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland published in October 2019.
Objectives and Pollcies:
The object of the charity is to pay the capital or income to such
charities or for such charitable purposes as the trustees in their
absolute discretion think fit. At the end of the trust period the trust
funds are to be paid to such charities or for such charitable purposes
as the trustees shall determine.
Achievements and
Performance:
The trustees have exercised their discretion with regard to the
donations made in the year, supporting UK charities concerned with
elderly, special needs, children's and medical care, and cultural
issues. Donations totaling £51,515.0012021'. £36,100) were made to
various charities and charitable organisation5 during the year.
Publlc Benefit:
The trustees have considered the Charity Commission's guidance on
public benefit and in accordance with that guidance they review the
activities of the organisations to which they make donations to
satisfy themselves that those activities meet the principles of public
benefit laid down by the Commission.
Flnancial revlew:
The f1nancial position of the Trust on 5 April 2022 is disclosed in the
Statement of Financial Activities and Balance Sheet on pages 5 and 6.
Reserves at the year end were £316,725.0412021.. £290,591).
Investment Policy:
The trustees have wide powers of investment. The investment
objective is to generate the optimum amount of income for
distribution whilst at the same time investing for growth. The
trustees, investment portfolio is managed on a discretionary basis by
Rathbone Investment Management. For the year ended 5 April 2022
the trustees were satisfied with the performance of the portfolio.
Reserves:
It is the policy of the charity to maintain unrestricted funds, which
are the free reserves of the charity, at a level to provide sufficient
funds to cover management, administration and support costs and,
in particular, to cover grants recommended for payments by the
trustees.
Risk management:
The trustees have assessed the major risks to which the tharity is
exposed and are satisfied they are not exposed to any significant risks
other than fluctuation in the value of their investment portfolio. They
have appointed professional investment managers and review the
investment performance on a regular basis.

H M Sassoon Charitable Trust
Dated 5 December 1967
Trustees, Annual Report
for the year ended 5 April 2022 Icontinuedl
Statement of the trustees,
responsibilitie5 in respect
of the accounts:
The trustees are responsible for preparing the Trustee5' Annual
Report and the financial statements in accordance with of the
applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
The law applicable to charities in England & Wales requires the
trustees to prepare financial statements for each financial year which
give a true and fair view of the state of affairs of the charity and of
the incoming resources and application of resources of the charity for
that period. In preparing these financial statements, the trustees are
required to:
select suitable accounting policies and then apply them
consistentlv,.
observe the methods and principles in the Charities SORP 2019
IFRS1021,'
make judgements and estimates that are reasonable and prudent,.
state whether applicable accounting standards have been followed,
subject to any material departures disclosed and explained in the
financial statements.
prepare the financial statements on the going concern basis unless
it is inappropriate to presume that the charity will continue in
operation.
The trustees are responsible for keeping proper accounting records
that disclose with reasonable accuracy at any time the financial
position of the charity and enable them to ensure that the financial
Statements comply with the Statement of Recommended Accounting
Practice.. Accounting and Reporting by Charities ISORP 20191, UK
Accounting Standards, the Charities Act 2011 and trust deed. They
are also responsible for safeguarding the assets of the charity and
hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
The financial statements have been prepared in accordance with the
accounting policies set out in the notes to the financial statements
and comply with the trust deed. the Charities Act 2011 and the
Statement of Recommended Practice- Accounting and Reporting by
Charities applicable to charities preparing their financial statements
in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland IFRS 1021 issued in October 2019.
Signed-
on behalf of Trustees
Dated:

Independent Èxaminerfs report to the
Trustees of H M Sa5$00n Charltable Trust
I report to the trustees on my examin3tiori of the account ol the H M Sassoon Charitable Trust lor
the year ended S April 2022 set out on pages I to 10.
Responslbllliles and basls of report
As the charity tru5tee5 of the Trust you are responsible for the preparation of the accounts in
accordance with the requirÈmÈnts of the Chariiies Acl 2011 1.the Act'l. I report in respect of my
examination of the Trusys accounts carried out under section 145 of the 2011 Act and In carrying out
my examination I have followed all the appll£able Dlrectlons given by the Charity Commi55ion under
Jection 14Jlullbl of the Act.
Independent examinerfs 51atement
I have completed my ex3mination. l confirm that no material matters have come to my attenilon in
connertion wlth the examination giving me Cause to believe that in any rn3tÈrial respect..
¢ountln8 records were not kept in respett of the Trust a5 required by section 130 of the
Art.. or
2. the a¢¢ounts do not accord with those ￿COrds.. or
3. the accounts do not comply with the appllcable requirements concernin8 the form and
conlent of atcounts set out in the Charities (Accounts and Reports) ReEul3tions 2008 othÈr
than any requlrement that the 3CCQUntS 8nie a 'true and lèir view which is not a rnatter
considered as part of an Independent exkmlnation.
I have no concerns and have come across no other matters in tonnection with the ex4mlnation to
which attention should be drawn In this ￿Port In order to enable a proper understanding of the
tcount5 to be reached.
stqned..
Steve Robinson FCA
Mer￿r & Hole LLP
21 Lomb3rd Street
London
EC3V 9AH
Date..

H M Sassoon Charitable Trust
Dated 5 December 1967
Statement of Financial Activities
for the year ended 5 Aprll 2022
2022
Unrestrlcted
2021
UnrestrictÈd
Notes
Funds
Funds
In¢ome and endowments
Investment income
Income from Estate of Hugh Meyer Sassoon
Endowment received from Estate of Hugh Meyer Sasson
Bank deposit interest Igrossl
Repayrnent 5uppletDent
Tax recoverable
Totsl income
13.639.67
16,174.00
23,826.00
1.23
8.13
1,642.99
55,292.02
12,740
27,500
40,242
Expenditure on
Cost of raising funds
Investment rDanagerDent costs
871.04
56,795.00
57,666.04
739
40,090
40,829
Total expenditure
12,374.021
15871
Net gainslllossesl on invesiments
Net in¢omelexpenditure
28,508.00
26,133.98
52,336
51,749
Reconciliation ot fL4nd5
Total funds brought forward
Totsl funds carried forward
290,591.06
316,72S.04
238,842
290,591

H M Sassoon Charitable Trust
Dated 5 December 1967
Balance Sheet
5 April 2022
2022
2021
Notes
Fixed assets
Listed investments
at market value
305,864.00
277,356
Current assets
Balance wtth investment managers
B31ante at bank
Tax recoverable
3,752.45
10.737.42
1,642.99
16,132.86
3,569
7,826
6,250
17,645
Atnount5 falling due within one year
AccountÈnts' charges
Independent examination fees
Investment management charges
3.840.00
1,200.00
231.82
4,200
210
5,271.82
4,410
Net curreni assets
10,861.04
316,725.04
13,235
290,591
Net assets
The funds of the charity..
Unrestricted Funds
316,725.04
290,591
Approved by thÈ trustees on.................... and signed on their behalf bv
ITrusreel.

H M Sassoon Charitable Trust Dated 5 December 1967 

## Notes to the Accounts 

for the year ended 5 April 2022 

## 1. Accounting policies 

## a) Basis of preparation 




## b) Fund accounting 



## Income 


## d) Investments 

## e) Gains/(losses) on investments 


7 



H M Sassoon Charitable Trust
Dated 5 December 1967
Notes to the Accounts
for the year ended 5 Aprll 2022
fl Chorltuble octlvltles
Costs of charitable attivities intlude grants made, governance ¢osrs and administratlon
cost in the pursuit of the charitable objects of the Trust.
Donations pèyable are 3ccounted for when the trustee5 have accepted a legal or moral
obligation to make the grant.
gl Otherexpendlture
Investment management costs relate to expenditure incurred in the rnanagernent of the
charity's asset5.
Governance costs are costs associated with the governance 3rr3ngements of the charity
which relate to the general running of the charity and compliance with the constitutional
and statutory requirements.
Flxed asset Investments
2022
2021
Market value at 6 April 2021
Addition5
DisP05a15
Net realisÈd investment gains/llossesl
Net unre31ised investment gainslllossesl
Market value at 5 April 2022
277,356.00
225,020
28.508.00
305,864.00
52,336
277,356
Historical cost as at 5 April 2022
212,¢)48.46
212,048
Investmeni in¢ome
Investrnent income of £13,639.67 wa5 received during the year12021.. £12,740>.
Estate income
The charity has an interest in the Estate of Hugh Meyer Sassoon. During the ye8r to S April
2022 the trustees received income of £16,174.00. This was net of estate income tax and the trustees
wlll be able to apply for 3 refund in due course.
Donations received
No donations were received during the year.
Charltable actlvltles
2022
2021
Donations Inote 101
Independent examinatlon fees
Accountant's charges
51,515.00
1,2(Kl.00
4.080.00
56.795.00
36,100
3,900
40,000
Tax rewverable
2022
2021
Tax recoverable
1.642.99
6,250
Related partles
During the year there were no related party transactions12021.. £nill.

H M Sassoon Charitable Trust
Dated 5 December 1967
Notes to the Accounts
for the year ended 5 Aprll 2022
Trustees remuneratlon and expenses
No trustees were remunerated for their work on behalf of the charity and they have not
incurred any expenses during the year.

H M Sassoon Charitable Trust
Dated 5 December 1967
Notes to the Accounts
for the year ended 5 April 2022
10. Grants
2022
2021
Age Concern Crediton
AbbeyField Great Missenden & District Society Limited
Back up trust
British Museum
Cancer Research UK
Cri515 UK
2,000
1,000.
1,500.IJ)
2,250.(KI
500.00
1,000
Grange Park Opera
Horatio's Garden
20,000.(KI
1,250
Hospice care
Jame's Place Charity
Jewish Car
20.000.(KI
loo.
2,000
Just Giving
Lawrence Home Nursing Tearn Ltd
Leonard Cheshire Disability
Macrnillan Cancer Support
Maggie Keswick Jencks Cancer Carin8 Centres Trust
National Gallery
Opening Doors London
Oxfam
250.00
500
1,000
loo
500.00
840.(
1,250
75.th)
Prism The Gift Fund
Queen Elizabeth Scho18rships Trust Ltd
Refuge
Restart Africa
Royal British Legion
Rochester Cathedral Trust
St Hugh's College
The Chelsea Ph¥si¢ fjarden
The Friend5 of Oct3via
The Not Forgotten A550Ci3tion
The Silver Line
Westminster Synagogue
2,500
I,000.￿)
1,250
1,250
1,000
2.000.Th)
500.th)
5,000
5,000
1,000
I,000.(
10,000
36,100
51,515.(Kl
l. Disabled
2. Children
3. Medital
2. Care & Support
3. Art & Culture
4. Others
500.00
750.00
24,175.IM)
25,090.00
1,000.00
51,515.(N)
10