THE HAMAMELIS TRUST (CHARITY NUMBER 280938 Financial Statements for the year ended 5 April 2021 PENNINGTONS MANCHES COOPER 31 Chertsey Street Guildford Surrey GU14HD Tel. 01483 791800 Fax.. 01483 411400 Ref. 86664231APMILZD
The Hamamelis Trust (Charity Number 280938) Contents to the Financial Statements for the year ended 5 April 2021 Page Charity Infomialion Trustees. Report Receipts and Payments Account Statement of Assets and Liabilities Investment Schedules Notes 40 The notes on pages 40 to 40 form part ol these financial statements
The Hamamelis Trust (Charity Number 280938) Legal and Administrative Information at 5 April 2021 Charity Registration Number 280938 Settlor Mr John Ashley Slocock Governing Instrument The Trust was set up in 1980 by John Ashley Slocock and enhanced on his death in 1986 Trustees Mrs Laura Dadswell Dr Adam Stone Ms Lucy Jane Mirouze Law of trust England and Wales Principal Address for Correspondence Penninglons Manches Cooper LLP 31 Chertsey Street Guildford Surrey GU14HD SolicitorslAccountants Penninglons Manches Cooper LLP 31 Chertsey Street Guildford Surrey GU14HD Investment Managers Close Brothers Asset Management 10 Crown Place London EC2A 4FT Rathbones Investment Management 8 Finsbury Circus London EC2M 7AZ Independent Examiners 2els Ashcombe Court Woolsack Way Godalming Surrey GU7 1LQ The notes on pages 40 to 40 form part of these financial statements
The Hamamelis Trust (Charity Number 280938) Trustees. Annual Report for the year ended 5 Aprll 2021 Specific Investment Powers The Trustees, powers include full discretionary powers to make grants. They also have full discretionary power to make investments. Appointment of New Trustees The eurrent Trustees have the power to apF)oint new Trustees by Deed. Objects of the Charlty The objects of the charity are for any purposes recognisable as charitable. Currently the main areas of work are for medical research and ecological conservation. Grants made in each year are split into approximately equal proportions beeen each area. Grants are occasionally made lo other projects. Generally, the trust makes grants to institutions and not lo individuals. Projects outside the UK are not considered. Projects in the Godalming and Surrey areas are given special interest. Future plans of the Charity The future plans of the Charity are lo continue its grant making activities. Oryanlsatlonal and declslon maklng process of the Charlty The Trustees make grants normally after discussion at periodic meetings. Investment policy and the performance achieved against the policy. The trustees intend that the real value of their assets be maintained and enhanced over the long term by investment in a portfolio comprised of equities, fixed income stocks. other structured products and cash. This porfolio is intended also to reflect the need to achieve diversification of Investments. The investment portfolio held by the trustees is managed in two parts by the investment Managers shown on the previous page. In both instances, the portfolios are managed with a balanced mandate with ethical investment reslriclions in place. It is hoped that the portfolio overall will perfomi in line or above the ARC Charity Steady Growth Index. In the year to 5 April 2021, the value of the portfolio increased from £3,357,262.66 to £4,413,730.19. This represents an increase of 31.47Q/o. Vvhen portfolio cash is considered, the value of the portfolio increased from £3,655,867.21 10 £4,513,203.53. This represents an increase of 23.45D/o12020.' decrease of 8.980101. During the same period, the ARC Charity Steady Growth Index rose by 17.1301012020.. fall of 10.OOQ/ol. Applications All applicants are asked to include a short synopsis of the application with estimated costings of the project for which the grant is requested. The Trustees will not acknowledge unsuccessful applications. Medical applications are assessed by Dr Adam Stone, a medically qualified trustee. Revlew of the development, actlvltles and achlevements of the Charlty durlng the year At 5 April 2021 the Trust held cash lotalling £129,805.38 (£320,166.66 in 2020). The investment portfolio was valued at £4,413,730.19 1£3,357,262.66 in 20201. Net income from investments and cash deposits tolalled £87,942.07 {£107,274.32 in 20201. During the year, the nel deficit was £190,361.2812020. £87,594.80 surplus). In the year, grants lotalling £111,000.00 have been paid in furtherance of the charity's objectives (£67,400.00 In 20201. The notes on pages 40 to 40 form part of these financial statements
The Hamamelis Trust (Charity Number 280938) Trustees. Annual Report for the year ended 5 April 2021- Gonlirpued Reserves policy The Trust has no ongoing financial commitments that require it lo maintain reserves. However, investments are maintained to ensure that the level of income is sufficient to cover any grants paid in the year. Risk management The Trust has no operational risks. Ils risks are related lo investment strategy and it guards against those risks by ensuring, with advi from investment professionals, a reasonable diversification on investments. Relationship with other charities There is no relationship with any other general grant making charitable trust. Grant maklng pollcy The charity aims to expend an amount on grants that is in line with the long term average of the total return generated by the investment portrolio. Grants paid Charitable Organisation Charity No. Amount (£) Surrey Care Trust Marie curie Oakleaf Enterprise Royal Surrey County Hospital Foundation Asthma Relief The Eikon Charity The Brain Tumour Charity Teenage Cancer Trust st Elizabeth's Lupus UK Species recovery Trust Jigsaw South East Fareshare Rare Chromosome Disorder Support Group Unique Surrey Wildlife Trust Milford and Villages Day Centre Oakleaf Enterprise Meath Epilepsy charity Rainbow Trust children's Charity Earth Trust Disabilty Challengers Crohn's and Colitis Relief The Durham Wildife Trust Roald Dahl's MaellouS Children's Charity Progressive Farming Trust Vincent Wildlife Trust Willow Foundation Derbyshire Wildlife Trust Ltd 285543 £5,000.00 207994 £5,000.00 1064524 £5,000.00 1049776 £15,000.00 1063965 £3,000.00 1109190 £3,000.00 1150054 £3,000.00 1062559 £3,000.00 £3,000.00 £3,000.00 £3,000.00 £3,000.00 £3,000.00 £3,000.00 £3,000.00 £6,000.00 £5,000.00 £5,000.00 £3,000.00 £3,000.00 £5,000.00 £3,000.00 £3,000.00 £3,000.00 £3,000.00 £3,000.00 £3,000.00 £3,000.00 1051610 1146387 1147696 1100051 1110661 208123 1059045 1064524 200359 1070532 1095057 1095134 1187199 501038 1137409 281276 1112100 1106746 222212 £111,000.00
The Hamamèlis Trust (Charity Number 280938) Trusts8s' Annual Roport lor the year endod 5 Aprll 2021 - ¢ontintJe Publlc beneflt The Trustees Confirm that they have complied wth the duty in Section 4 of the Charities Act 2006 to have due regard to the Charity Commission's general guidance on public benefit. The beneficiaries of the Charity are trose organisalions lch are associated with Medical Research or ConseNalions Projects. The charity benefts the public by providing financial assistance to the aforementioned beneficiaries. Signed.. Date.. La Dadswell, Trustee On behalf ol the trustees
The Hamamelis Trust (Charity Number 280938) Accounts for the year to 5 April 2021 1. Receipts and Payments Account (General Purposes Fund) 2021 2020 Income Gross income from investments Foreign income UK tax credits or deducted al source Foreign withholding lax note 2 note 2 note 2 note 2 62,657.15 26,789.82 81,387.01 27,842.24 122.171 11,932.761 (1,505.111 87,941.86 107,274.32 Deposit Account interest note 2 0.21 612.73 87.942.07 107,887.05 Other Receipts Proed$ from sales of investments 1.121,911.18 845,035.54 Total Receipts 1.209,853.25 952,922.59 Direct Charitable Expenditure Grants payable 111,000.00 67,400.00 Other Expenditure Purchase of investments Legal & Professional fees Accountancy fees Investment Manager fees 1,243,791.17 17,175.60 1,050.00 27,197.76 753,269.49 16,447.20 1,020.00 27,191.10 Total Payments 1.400.214.53 865,327.79 Nel receipts I Ipaymentsl for the year Cash and bank balanS at 5 April 2020 (190,361.281 320.166.66 87,594.80 232,571.86 Cash and bank balances at 5 April 2021 129,805.38 320,166.66 The notes on pages 40 to 40 form part of these financial statements
The Hamamelis Trust (Charity Number 280938) Accounts for the year to 5 April 2021 2. Statements of Assets and Liabilities at 5 April 2021 2021 2020 Cash Funds Penningtons Manches Client AJC Close Brothers Bank Alc Ralhbones IM Bank WC 30.332.04 46.261.23 53.212.11 21,562.11 229,586.95 69,017.60 129.805.38 320,166.66 Investment Assets lat Cost) Quoted UK and overseas equity investments Government and corporate loan stocks Quoted unit trust and OEICS 2.222,819.33 545,637.66 1.069,861.47 2,256,912.43 639,976.83 683,882. 19 3.838,318A6 3,580,771.45 Market value of investments excluding realty 4,413,730.19 3,357,262.66 The notes on pages 40 to 40 form part of these financial statements
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The Hamamelis Trust (Charity Number 280938) Notes to the Accounts Quoted and unquoted Investments The investments are included in the statement of assets and liabilities at cost or market value when received in Irusl. Full details of the investments held al the year end and those acquired and sold during the year, together with the income Ihereon are sel out on pages 9 10 39. Trust Income 2021 UKTax Credivpaid Gross Nel Dividends- UK Company Unit TrusVOEIC Interest Distribution- Nel Unit TrustlOEIC Dividend Distribution - UK Loan Stock Interest Received Gross Real E51ate Investment Trust Dividend Received 34,611.95 11,740.83 5,510.47 10,064.15 729.75 0.00 0.00 0.00 0.00 0.00 34,611.95 11,740.83 5,510.47 10,064.15 729.75 62,657.15 6,506.36 56,150.79 Deposit account interest Penninglons Manches Gross Inl. 0.21 0.00 0.21 Foreign Income Foreign interest Foreign dividends 4,004.54 22,785.28 0.00 0.00 4,004.54 22,785.28 26,789.82 0.00 26,789.82 TOTAL Trust Income 89,447.18 6,506.36 82,940.82 40
Independent Examinerfs Report to the Trustees of The Hamamelis Trust I report on the accounts of the charity for the year ended 5 April 2021 which are set out on pages 7 to 8. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the prep8r8tion of the accounts. The charity's trustees consider that an audit is not required for this year under 5ectioN 144121 of tre Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my re5ponsibilily to.. examine the accounts under section 145 of the 2011 Act., follow the procedures laid down in the general Directions given by the Charity commissn under section 14515llbl of the 2011 Act.. and state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordanTr with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also indudes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees conmIng any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a "true and fair view. and the report is limited to those matters sel out in the statement below. Other matters Your allenlion is drawn to the fact that the charity has prepared the acoounls Ifin8Nci81 slalementsl in accordanoe with Accounting and Reporting by Ch8rth"es.' Statement of Recomrnended Pr8Ctice applicable to ch8rities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iieland IFRS1021. 2nrJ edition. issued in October 2019 in preference lo the Acwunling and Reporting Gharilies.. ststement of Recomtnended Pradioe issued on 1 April 2005 whi¢h Is refeiied lo in the exlanl regulations bul has Sin been withdrawn. We understand that this has b88n don8 In ord8r for the accoLJnts to provide 8 trLJe and f8ii vi8w in 8ccord8nce with the Generally Accepted Accounb"ng Practice effective for repotting periods beginning on tsi after 1 January 2015. Independent 8xaminer's statèment In connection with my examination, no matter has come to my attention." which gives me reasonable cause to believe that, in any material respect, the requirements.. to keep accounting records in accordance with section 130 of the 2011 Act.. and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met., or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. M S Leigh BA FCA CF Azets Chartered Accounlanls Ashcombe Court Woolsack Way Godalming. Surrey, GU7 1LQ Date.. 10 Dec&mb&r 2021