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|Principal|address:||Acre House,|||
|---|---|---|---|---|---|
||||11-15William
Road,|||
||||London
NW1 3ER.|||
|ACCOUNTANTS||AND SECRETARIES||||
|H.W. Fisher at Company:|||Acre House,|||
||||11-15William Road,|||
||||London, NW1 3ER.|||
|Independent
Examiner:|||James Fletcher,|||
||||Crown Chambers,|||
||||Bridge Street,|||
||||Salisbury,|||
||||Wilts, SPI 2LZ|||
|SOLICITORS||||||
|Withers LLP:|||16Old Bailey,|||
||||London, EC4M 7EG|||
|Michcimorcs
LLP|||Woodwater
House|||
||||Pynes Hill|||
||||Exeter
EX2 5WR|||
|BANKERS||||||
|Kleinwort|Hambros||Capital Building|||
||||12-13St Andrew|Square||
||||Edinburgh
EH2|2AF||
|INVESTMENT ADVISORS||||||
|Kleinwort|Hambros|Limited|Norfork House|||
||||31StJames's Square|||
||||London SW1Y4JR|||
|Signed:|David B.Hammerson||||Trustee|
||Mrs Patricia A. Beecham||||Trustee|
||Anthony J Bernstein||||Trustee|
||D.Rory Hammerson||||Tlustcc|
||Louise W|Waidhofer|||Trllstcc|
||Arabelle Z Parr||||Trustee|
||Karen LMckay||||Trust'cc|
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|||Notes||2021|||2020||
|---|---|---|---|---|---|---|---|---|
||||Capital|Incom«|Total|Capital|ln«orna|Total|
|||||8||||2|
|INCOME AND ENDOWNMBNTS|||||||||
|Investment
Income:|||||||||
|Dividends/Interest
Received (Gross)||||31,959|31,959||58,314|58,314|
|Bank Interest Received (Net)||||2280|X&80||||
|Income Tax Recoverable||||158|158||2237|2,237|
|Tax Repayment
Supplement|||||||12|12|
|TOTAL INCOME||||34,397|34,397||60363|60363|
|EXPENDITURE|||||||||
|Costs ofgenerating
funds|||||||||
|Investment
management
costs||4|(29,968)||(29,968)|(25,676.0)||(25,676)|
|Charitable
activities|||||||||
|Health care and religious
causes||||(32,614)|(32,614)||(29,930)|(29,930)|
|TOTAL EXPENDITURE|||(29,968)|(32,614)|(62,582)|(25,676)|(29,930)|(55,606)|
|NET INCOME/(EXPENDITURE)|BEFORE||||||||
|GAINS/ (LOSSES)ON INVESTMENTS|||(29,968)|1,783|(28,185)|(25,676)|30,633|4,957|
|Gains/(losers)
on Investments|||||||||
|Realised|||70,659||70,659|(27,829)||(27,829)|
|Unrealised|||375,622||375,622|(350,878)||(350,878)|
|Gains/(losses)
on Foreign Fxchange|||||||||
|Unrealised||9|(2,562)||(2,562)|639||639|
||||443,719||443,719|(378,068)||(37&,068)|
|NET MOVEMENT IN FUNDS|||413,751|1,783|415,534|(403,744)|30,633|(373,111)|
|BALANCE BROUGHT FORWARD AT 6th APRIL 2020|||2,006,&01|97,602|2,104,403|2,410,545|66,969|2,477,514|
|BALANCE CARRIED FORWARD|AT 5th APRIL 2021||2,420,552|99,3&5|2,519,937|2,006,801|97,602|2,104,403|
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||||Market Value|Market Value|||
|---|---|---|---|---|---|---|
|||Holding|at 6.4.2020|at 5.4.2021|Income||
||Hammerson
pic||||||
||25p Ordinary
shares|46,753|25409|3,163||15|
||SGHambros
Portfolio||1,984,299|2,439,189|31,944||
||TOTAL||2,009,508|2,442,352|31,959||
||Market value at 6th April 2020|||2,009,508|||
||Disposals
at opening book value|||(531,600)|||
||Acquisitions
at cost|||778,890|||
||Decrease in cash balance|||(190,068)|||
||Change
in value during the year|||375,622|||
||Market value at 6th April 2021|||2,442,352|||
||The investments
are held and income arises from:|||I|||
||UK Quoted Securities|||2,193,247|||
||Non UK Quoted S«curittes|||36,152|||
||Cash held by Brokers|||212,953|||
|||||2,442,352|||
||Historical Cost:||||||
||At 5th April 2021|||2,195,922|||
||At 5th April 2020|||2,142,412|||
|3|TOTAL EXPENDITURE||||||
|||Other|Grant|Total|Total||
||||funding|2021|2020||
|||||5|f||
||Costs ofgenerating
funds||||||
||Investment
management
costs|29,968|||25,676||
||Charitable
activities||||||
||celt
careen
rdi io scauscs||||||
||Grant funding ofactivities|4,049||32,614|29,930||
|||34,017||62,582|55,606||
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||||||||||||2021f|2020
I|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Other costs|ofgenerating||funds comprise|||||||||
||Accountancy|and taxation
fees|||||||||8,403|6,117|
||Legal and professional||fees||||||||7,485|5,425|
||Investment|management||fees|||||||14,080|14,134|
||||||||||||29,968|25,676|
|5|ACTIVITIES UNDERTAKEN
DIRECPLY||||||||||||
||||||||||||2021|2020|
||||||||||||f|f|
||Other costs|relating to|health||care|and religious|||causes comprise||||
||Accountancy|and taxation
fees|||||||||3,089|?„038|
||Trustee expenses|||||||||||122|
||Bank charges and interest|||||||||||3|
||Independent|Fxaminers'||fees||||||||960|
||||||||||||4,049|3,123|
|6|GRANTS PAYABLE||||||||||||
||||||||||||2021|2020|
||||||||||||f||
||Grants were|made to the||following||institutions|||relating to health care and religious causeu||||
|||AJ gc SD||Bernstein||Charitable|||Trust||10,000|10,000|
|||Sue gc Lew Hammerson|||||Charitable|||Trust|3,565|1,807|
|||Patricia|Eeecham|||Charitable||Trust|||15,000|15,000|
|||||||||||||26,807|
|7|GOVERNANCE COSTS||||||||||||
||||||||||||2021|2020|
||||||||||||f|I|
||Other governance
costs||comprise:||||||||||
||Independent|Examiners'||fees|||||||||
|8|REALISED|PROPIT/(LOSS)|||||||||||
||||||||||||2021|2020|
|||||||||||||f|
||Profit/Joss)|on Disposal||ofListed||Investments|||||70,659|(27,829)|
||||||||||||70,659|(27,829)|
|9|UNREAUSED PROFIT/(LOSS)||||||||||||
||||||||||||2021f|2020
f|
||Profit/(Lom)|on Revaluation|||ofInvestments||||||375,622|41,512|
||Profit/(loss)|on Foreign|Fxchange||||||||(2,562)|639|
||||||||||||373,060|42,151|
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|10|DEBTORS|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||2020|
||||||||||||||||2|
||Tax recoverable||||||||||||2,395||2237|
||||||||||||||||2,237|
|11|CASH AT BANK|||||||||||||||
||||||||||||||2021||2020|
||SG Hambros||||||||||||H7,321||96,505|
||||||||||||||117,321||96,505|
|12|CREDITORS|||||||||||||||
||||||||||||||2021||2020|
||||||||||||||6|||
||Sue Hammerson||Trust G||||||||||36,191||1,191|
||Sue gr Lew Hammerson|||Charitable|||Trust||||||831||831|
||Accruals||||||||||||5,109||1,825|
||||||||||||||42,131||3,847|
|13|ANALYSIS OF||NET ASSETS BETWEEN FUNDS|||||||||||||
|||||||||||||Capital|Income||Total|
||Fund balances|at 5 April||2021||are|represented||by.|||||||
||Investments|||||||||||2,442,352|||2,442,352|
||Debtors|||||||||||158|2,237||2,395|
||Creditors|||||||||||(40,067)|(2,064)||(42,131)|
||Cash at Bank|||||||||||18,109|99,212||117,321|
|||||||||||||2,420,552|99,385||2,519,937|
|14|CAPITAL ACCOUNT|||||||||||||||
||||||||||||2021|||2020||
||Balance brought||forward||at 6th April 2020|||||||2,006,801|||2,410,545|
||Less:|Profit/(loss)|||on|sale|ofinvestments|||70,659|||(27,829)|||
|||Profit/(loss)|||on|Foreign Exchange||||(2,562)|||639|||
|||Net movement||||tn market||values||375,622|||(350,878)|||
|||Fxpenses||(Note||4)||||(29,968)|||(25,676)|||
|||||||||||||413,751|||(403,744)|
||Balance carried||forward|at 5th||April 2021||||||2,420,552|||2,006,801|
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||||2021|2020|
|---|---|---|---|---|
||||5|I|
|Balance brought|forward|at 6th April 2020|97,602|66,969|
|Net Income for|thc y«ar||1,783|30,633|
|Balance carried|forward|at 5th April 2021||97,602|
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