Charity Registration Number. 262580 THE SUE HAMMERSON FOUNDATION ACCOUNTS FOR THE YEAR ENDED S APRIL 2025
THE SUE HAMMERSON FOUNDATION Pa8e TRUSTEES, ANNUAL REPORT INDEPENDENT EXAMINER'S REPORT ACCOUNTS.. Statement of fJoapciJi a¢tLViIi BJlJnce sh¢ Nore$ 10 Ilie a<couni$ 7. 11
THE SUE HAMMERSON FOUNDATtON TRUSTEES. hTrlNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2015 CONSTITUTtON Tlie Su¢ HJinm¢rsoii FouiidatJoiJ is regist¢r¢d Mtli tli¢ CIIJTlry Coiniiiissioii¢rs (No. 2625801 Jjid Is cotsstituted by d Deed of 'l'rust dat¢d 23 Mdrcli 1971. Tli¢ tTusfttJ PTtseiJt tli¢it AniiuJl Repori Js vijdet. iog¢tli¢r Witli rl)e AIiiiual A¢couiiTs a5 atratlied. for the year ended 5 ApTII 2025. These liavt been prepJied in 4¢cordance witli rl)e TTUSt Deed and tlie Chaiiries Aci 2011. SETTLOR Tlie settlor of. rhe chiTiry was the Idte Mr5 Sue Hammer50D CBE. OBJEcfs AND GRANT MAKING POLICY Tlie object ol. the cliariry coi)tiJiues to be to 4pply capit41 and incojnc to such chirttable PUTP05e5 as the trustees thiiik fit. Eyery tn4tter sliall be deterniJtLed by 4 mJiorJry of tru5rtt5. Tile ch41rttLJJJ 5IJall h4Ye an extra (Jstiiig vote. Tlie trustees liavt the power to employ and pay such 5ecreiary or sttrdJrie5, OT orlier offJciJl staff. as tl)¢y ihink fit. PUBLIC BENEFIT Tlie Trusrtts coiifiriii Ihdl Iliry liaye cojiiplied willi Il)eir dury ui)der stttJoi1 17 of Ilie Cliarjlies Aci 2011 10 liave Tru$i's graiit iiiakiiii Aiid reldied aci)vit)es sei liow we furiljer our cli4Tll4ble PUTposes for ili¢ public btiiefjl. cliarities wliicli ITlttt rlie Trust s objeeiive$ are eljsible io Jpply. MLe publi¢ baiefii 15 delivered by tlie cliariiies wliicli reeeive 8rdIiis from tlie Trusr. ACTIVITIES AND FINANCIAL POSITION Tli¢ Itv¢l of ijiconi¢ Jijd eXndItUr¢ aild y¢Jr ¢nd fii)JJicial p05iiioJi w¢re 4$ ¢XPfftd by ¢lJ¢ tru51ttS. TIAe iiet asse15 of Ilie chariry 4$ 4¢ S April 2025 amouiiied io Q,42l637. INVESTMENT POWERS AND POLICY No 5dle of s114res itj Hdninierson PIC sliall be niddt at any tinje wiihout firsi 8JviiJ8 tlie cliildreji of tlJe Settlor tlie opportuntiy of purchasitts such sh4res dt tlitir market price. Tlie iJive51rtieI)1 Strare ser by tlie trustees lias been ro dJveTsJfy where appropiJJi¢ fiom Hdfflmer5011 PIC sliares Jiid provide discretion to tlie Inve5tnithil maJiJs¢tS to Pursue a balanccd iiicom¢/8rovnli 5trartgy wirli Ii)W-niediuJii IIsk. Tlie Efu5tees Are reporred to on a Tesular basis by Ihe iDvesrmcni fflaDJseis. RESERVE POLICY It is tlie policy of tlie cliJrity to niJiiitJit) its iiiconit reserves at J level equivJleiit to tliree years cliaritdble expeiiditure, wliich equate5 to approxiniattly £205.IKMI based oji tlie currejit year. The charitable expejiditure has bteii itifl4ttd i¢1 rtc¢¢it y¢Jrs due to proEessioJiJl Eets incurrtd in rdJ¢ion io tlie proposed merger willi tlie Sue & L¢w HJiiiiiier$¢ii Cliaritablt Trust Jiid relai¢d nijtters. Tlxe trust vprratts willi this l¢vel of rrserves in (>rdtr ¢0 have availdble funds For mdkiiig subsianrial pa>inri)ts tv tlie Lewis W Hdllltxierson MeinoriJl Honie ft>r £Jpi¢Jl ImpTOVtmetst works. At tlie year eiid Frtt reserves w¢r¢ £62.761. Tlic tiust will con5JdeT botli tlie necd5 of px>tcDtial betjcriciAn d]e need to Increase tli¢ Income rc5etves hen agteeing futuie chaijtable eTpendLtuie.
THE SUE HAMMERSON FOUNDATtON TRUSTEES. hTrlNUAL REPORT FOR THE YEAR ENDED 5 APRIL alZ5 RISK MANAGEMENT The riu5ttt5 have exatnined the tnajoT risk5 which the chAriry fa5 aud collfiTJn thar 5yStems have been esrab115hed to enable regulJi ler[S to be prduccd to them to les5eD such rks. CONNECTED CHARITIES Tlit trust shares som¢ commoji tru*itts with Sut HJmmersoD Trust G (file Sue HJmmersoii ChJriiJbl¢ Trust) aiid tlie Sue Jlid Lew Haninjersoii Charitjble Tiust. Tjie priDcipJl Jddress for tiles¢ rliaritie$ is ai tlie offices of Ilie se¢r¢tdrits as sraied on p48¢ 3. TRUSTEES Tlie chariry rrusitts are as follows: Mrs. Patricia A. Beech41tL Antlioiiy J Beriist¢iJi Iruir¢d 14 Ociober 20241 D. Rory IIJnini¢rsoD. Louise E WJJdliof¢r Ar4b¢lla Z Parr Kareij L Mckay Jdnies A Trafford IJpFoinied 14 Ocrober 2024 REGISTERED ADDRESS Re8lStered otrfice.. Acre Housc, I 1-15 Wtllidni Road, IA>Ddoii NWI JF.R STATEMENT OF TRUSTELS, RESPONSIBILITIES Law applicable to chdriiies in En8J4nd & Wales requires trusiees to prepare accouL)ts for eacli fLllallC141 year whicl) of tlie year luiiless tlie clidrLry Is eijritltd tts prepare accotsrtrs on rhe AlreTnaiive TeceLPiS and payniejirs bas151. IXJ prepariLig a¢couJii$ 8JvinB d rrue aiid faLr view. tlie rrusrees should follow besr pracrLce 411d.. select $tsitible accountins w>lieies and apply tliem ti)nsLStentlr• tlldke jud8enieiitS 4Jid e5tltEJ4tes tl)ai Jre re4S0114blc 411d prudent- state wlietlier ApplicAble JC£OUJl¢LII8 5taiidJrd5 and statemeiit5 of recoftLfflei)ded Practice have btti) followed, subject to aiiy dtpJrtUTts disclosed Jiid expl4iiJed iii tlie accouiits- prepare tlie Jccouijts oji tlit 8OiDS CODcerD ba$1$ uDlos it IS IlJ4ppropriJte to pre5urDc tlJ4t tlie cliJriry will Tlie iru5tee5 Are re5POJ151ble for keepLll8 accountlll8 rordS which d15c105e wjrh reasonable accuiacy rlie fiiidncjal P05Jtioii of ilie cliariry ind whLch ejiable rhetn to <J15uie tliai tlie 4ccouiir5 lOtE)ply witli tlie Jpplicable law. Tliey Jie also respoiisible lor sAle8uardin8 the assets ol tlie clurjty Jiid liencc lor takiJi8 reJsonJble steps for tlie preveiitioi) and detection of fraud and other Jrresularitjo.
THE SUE HAMMERSON FOUNDATION TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL J)25 PRINCIPAL ADDRESS PriiicipJl addrtss.. A<rt Hous4 11-15 WillJa]n Road. LA)JidoJi NWI 3ER_ ACCOUNTANTS AND STr.CRTr.TARIFS HW Fislier PTofessional SeTViCts l.Imired AcTt House. 11-15 Willjam RoJd. Londoii. NWI 3F.R. Indepeiident al[ler= Crowii ai4nibers, Bridse Street. Salisbury. Wilts. SPI 2LZ SOLICITORS Forsrers LLP 22 Baker Srreet Loiidoji WIU 3BW BANKERS Utiioii Baticaire Privée IUKI Limited One BAnk Sirttt Caiiary Wt)4Tf Loiidoji E14 45G INVESTMENT ADVISORS Utiioij Bdncdire PrLvée IUKI Limired One Baijk Stre CJ114r)' VllJ4Tf ndoji E14 4SG Si8iJed.. MTS P41Ti¢iI A B¢¢¢ham TTUStee D. Rory H4mm¢rJon TTUStte LA¥uise W Waidhofer Trustee Arabella Z Parr .11. p_. Trusttt K4rcD L Mckay -_m Trustee Jime$ A Trifford . T.-rr_J Trustee Dated: 18 May 2026
INDEPENDENT EXAMINER'S REPORT
TO THE TRu&fEES OF
THE SUE HAMMERSON FOUNDATION
I rtpori on the dccounts of ilit ¢liaTity for the yeaT ethdtd 5 ApTJI 2025. which aTt set out oi) pJge$ 5 to 11.
Respective reSrsIbIlItIeS of trustees and eUmiDer
Tlie cliarity 5 trustets are respousiblt for the preparJtJoJi of the accounrs. The chariry's trustees consjder tliJt an
audit is iiot required for tliis year ujider ol se<tioJ1 144121 of tlie Cl)Jrities Act 2011 Itlie 2011 Act) ai)d that ali
ijidtp¢iid¢iit examiijdriot) is ld.
F.XdTiiine the accounts uiider section 145 of the 2011 Aci.,
To lollow ilie PT(Kaurcs laid down iii rlle sleTAI Dir
THE SUE HANIMERSON FOUNDATION srATE.MENf OF FINANC]AL AcrtvrrI&s roR'IHF.YFAR Tr1)) 5 APILIL Jb25 Notcs ufjrc51rl Fund5 Total EndownrncTht F5 Fund5 INCOMll AND ENIX)WNMENTS lovcstthcot Incothc.. 39,793 39,793 TOTAI. INCOMF. 55hll 39.81M Tr.XPP.NJ)tTURF. (A)iis 1rD¢rAli$ furt {B35NI (71.6SZI IOP2691 TOTAI. F.XPP.NniTURf. {BJsNI 1082691 Nll'f INCOMIIII.XPtr.NDI'fuRI:.I BF.foRB GAIN.$/ ILOSSI'.$1 ON INiryisfMLIKrs loj> i*ia21 1.6521 Re4liK 922 6.922 {119,4431 247.Q33 247.033 UDr¢AlJ5 {1132711 205251 NI?'I' MOVI2MI.'NI' IN fLINIXS I197¥2> IIW81 {.4¥jI I,446 BAIJ4NCI'. BROUGH'f FORWARI) AT 6 APRIL 2024 2JOQ658 2.367.Q59 108,572 BAIANCI? CARKIF.l) foRWARI) A'f s AVAII. 2J6W6 61761 I426? 2,56q65B 2.6.16,077
THE SUE HAMMERSON FOUNDATION BALANCE SHEET AT 5 APRIL 2025 Noies 2025 2024 FtXED ASSETS Investments 1501.862 2.672.582 CURRENT ASSETS Debtors Casli ai Bèiik io 1695 45,120 2.684 44,148 47.815 46.832 CURRF.NT LIABII.ITIES Creditor5 12 1123.0401 183,3371 NET CURRENT ASSETS {75225} 136,5051 1426.637 2,636,077 Repre$eIiied by. FUNDS Fiidowiiinenr 14 15 1363,876 61761 2,500,658 75.419 1426.637 2,636,077 Mr5 PatriciA k Beecham Tru5ttt D. Rory Harnmerson Tru5ttt IA)ui$e E WAidhofer TIu5te¢ Arabcll* Z Parr A.-&ll_ P_. TIu5tee KarEtt L Mrkay _A4 Trustee J4mt$ h Trafford Trustee Dated.. 18 May 2026
THE SUE HAMMERSON FOUNDATION N(yrLs TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 31ZS ACCOUNTING POLICIFS al Accountin8 Convention The accounis have beet) prepared in accordance wirh Accounting and Reportjng by C.Iiaritie5'. Statetnent of Recornmended PiactJc¢ Jppljrable to chartr1¢5 prepaiing theJT account5 In accoidance with the Finarttial Reporting St•nd#rd Jn the UK and Republic of Ire14nd IFRS102Xeffective January 20191 and rhe Charirie5 Aci 2011 and applicable regulations. The accounts have been prepared under the hJstor1¢41 cost conventjon wjth Items reco8nis¢d 4t Cost or transactjon value unless otherwise stated In the ielevant notes to these accounts. bl Investment Income Invesiii)eJii iiicon)e is accounted for in the period in which the chariry is eniirled ro receipr. c) Expendiiurt F.xpendiiure is iiicluded on an accruals b451S. Grdnrs payable from income funds are recognized as expenditure in rhe period in which The dot)atioii is siven. Support Costs have been allocated to chdrltable aciiviiies in reco8niiion of the adn)iiiisiraiive CO515 of dwardin8 sfdnrs. Governance c05rs relaiins ro the cosrs of public accounrdbility of rlje chdriry have also been dllocaied to charltdble aciiviiies. The dllocallon o( Support Aiid 8overndnce costs is analysed in note 3. d) Fixcd asset investments InvesiineIiis are iiicluded at closins niid-niarkei value at tlie balance Sheet ddre. Any sain or loss on rcvaluaijoii is tdkcn to Ihc Staiemeiii oc Financial ACtIlIes. e) Fund Siruciure FuEJds lJLld by Ilie cljariry dre.. Capiidl funds- these are funds thai can onl). bc used for Cdpiidl expenditure within ihe object5 ol tlje charity. Inconje funds - thue are funds which can be used in accordance with ihe chariiable objects at Ihe discretion of the trusi¢e5.
THE SUE HAMMERSON FOUNDATtON NOTE5 TO THE AccouNfs FOR THE YFAR ENDED 5 APRIL 2025 SUMMARY OF INvE[T5 Malk Value at &4.24 MatlLtt Valut at 5.4.15 IncDme H*mmer50tL plc 25p nrdin.iry ihar¢5 2.5.5.5 IiB6 129 SG Hambr(ks Portf4)liO 2.670.027 1499.676 55.483 TOTAL 2,672,482 1501.862 M.Irk¢i valu¢ at 6 Apiil 2024 Di%wsals Jt Iipenin8 mJrket value 2.672.582 1569,8271 429,755 Ch.In8L IN v.'IIu< diirin8 ihe ye41 2,.501,862 UK Quiii¢J %tt'uriti¢s C,i%h htld Br()ke 2,447.67(> .44,192 2,.5111.862 At .4 April 2025 2,.501,862 2,672,-SR2 TOTAL EXPENDITURE Other f05tJ Gtant Tot41 20 Total 2024 C05t5 ofseneratiJ]8 funds Invcsimcnt mamCnt Lost 83J 71.652 Ch4ri14ble oriivjije5 Grant lurtding ol artivilics 7.767 60.502 72.9.49 91271 151.773
THE SUE HAMMERSON FOUNDATtON NOTE5 TO THE AccouNfs FOR THE YFAR ENDED 5 APRIL 2025 INVESTMENT MANAGEMEN[ COSTS 2024 Other LO$ts ol'generating (unds comprJSe'. Accountancy and taxation ltes lks.ll aDd prnfe5%jfJnal fce5 1&655 50.725 1&124 10,877 46,In.s 14.670 71,6.52 5 ACTIVITIES UNDERTAKEN DIRrcrLY 2024 Oib¢r LU5t5 r¢lJtiDs tu h¢alth iarc and r¢ligiuux rauses compn5r. ALLI)UntJtliy taxation lets ank chJr8e% and interesi Ind¢p¢ndeni Falers, fecs 5.552 595 -1.625 l.YUO 7.767 .l.Y.40 6 GRANTS PAYABLE 2025 2n24 Gran15 w¢r¢ mad¢ tu th¢ lullowin8 in511¢U110115 r¢laiins io health cawc and Tclisious cau5C5.' .Sue & Ixw I lJmmew)n Lhiriiable Trn$i 60.302 67,nlO 67.nio 7 COVERNANCE COSTS 2024 Othcf $17Ycrnartcc co$t.% iomprisc.. Ind¢p¢nJent F.xAmtn¢rs' fees 1.800 REALISED GAIN/ILOSSI 2(i24 Prolit/lloss1 on Disposal of T.isted In%estments 922 UNREALISED GAINILOSSI 2024 Gain/ll l on Rcwaluation of Invc5tJncnt5 55 GJitt/llussI on Fufcign F(hasC 1119.4431 1757 247.033 1202 246,880
THE SUE HAMMERSON FOUNDATtON NOTE5 TO THE AccouNfs FOR THE YFAR ENDED 5 APRIL 2025 10 DEBTORS 2024 Tax recoverable & Other debtors 1695 2,684 11 CASH AT BANK 2024 SG Hambrus 45.120 12 CREDITORS 2U24 -%ue I lJmmcYson Trust G Su¢ & lW I lJmm¢rson LhiTiiabk TnJsE ALLruJ15 191 37.701 49.148 23.07.4 123.ts40 83.317 13 ANALYSIS OF NET ASSETS BETWEEN FUNDS FndownmeTht UThrestri¢¢ed Tot41 I,uDd bJl.Trncc5 ai S Aprtl Are Tepfe5ented by. InvLAtmL'nt¥ tkbt17f5 1501.862 1695 1103,9661 136.7151 1501.862 2,695 Il23.0401 45.120 119,074 81.B35 C11 sh at Bank 63N6 61761 1426,637 14 ENDOT*NMENT FUNDS 2024 Balartic brought (ofwAid at 6 Apnl 2024 2.367.0.49 Iks5'. Gainll10551 on 5a1¢ ol- invesimenis GJin,/lln551 FnTeisn rChAnge Nct rnoyctncnt In maikct Y31uc5 FJpenses (Note 41 922 17571 {119.443 247,033 171,6521 It96.n21 193.599 Balance carried IoTward 31 5 April 2025 U63.876 2,-560,658 10
THE SUE HAMMERSON FOUNDATtON NOTE5 TO THE AccouNfs FOR THE YFAR ENDED 5 APRIL 2025 15 UNRFSTJUCTED FUNDS 2024 Balartce brought loratd tht 6 Apnl 2024 75.419 108.-$72 Nci IDCnmC fDr ihe y¢T 111658 Balanc¢ carri¢d lorward at 5 April 2025 61761 75.419 16 RELATED PARTY TRANSAcfJoNS Note 12 di5c1o4¢ crcdiior balances ai the yt4r end and balances are owal to chari¢iei with Some common trusltts.