HAMIIIARBANK TRUST
ANNUAL REPORT AIYD
FINANCIAL STATEIVIENTS
OF THE TRUSTEES
FOR THE YEAR ENDED
5 APRIL 2024

HAMMARBANK TRUST
INDEX
FOR THE YEAR EIYDED 5 APRIL 2024
Index
Annual Report of the Trustees
Independent Examiner's Report
Receipts and Payments Accounts
Statements of Assets and Liabilities
Notes to the Accounts

HAMMARBANK TRUST
ANNUAL REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APIUL 2024
The trustees are pleased to present their report together with the financial statements of the
charity for the year ended 5 April 2024.
Referenee and Administrative Details
Registered Charity
Number
700840
Trustees
Mr P E M Oglethorpe TD
Mr G S Parkinson
Mr D J Sykes
Principal Address
Mr G S Parkinson
Valley Crest
Tburshwood
Keswick
CA12 4PG
Solicitors
Oglethorpe, Sturton & Gillibrand
16 Castle Park
Lancaster
LAI IYG
Bankers
HSBC
35 Market Street
Lancaster
LAI IJQ
Stockbrokers
Canaccord Genuity Wcalth Management
25 Brock Street
Lancastcr
LAI IUR
Independent Examiner
S W Hinnigan FCA CTA
Xeinadin
Dalton House
9 Dalton Square
Lancaster
LAI IWD

HAIl￿ARBANK TRUST
ANNUAL REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 2024
Structllre, Governance and Management
Hammarbank Trust is constituted by Deed of Trnst dated 15 October 1946 and is a Registered
ch(￿ltY, Number 700840.
The Charity has no staff and all athninistration is carried out by the Trustees without
remuneration or expenses. New Trustees are appointed by the Continuing and retiring Trnstecs.
The Accounts arc kept on a day to day basis by Mr G S Parkinso￿ who receivcs all
cO￿espondenCe. Annual Accounts are prepared by Mr G S Parkinson, onc of thc Trustee8, and
arc exarnined by the indepcndent examincr Mr S W Hinnigan of Xeinadin, Accountants of
Lancaster.
Objectives and Activities
The object of the Charity 18 to provide funds to the Lancashire Association of Boys and Girls
Clubs, (Registered Charity Number 521362) for the general pury)oses of that Charity and in
particular for the provision and maintenance of buildings and equipment.
Achievements, Performance and Public Benefit
The Charity achieves its objectives by making grants to Lancashire Association of Boys and
Girls Clubs, who spend it assisting clubs for young people in Lancashire. During the year the
Charity produced sufficient income to make grants of £54,000 (2023 - £56,000).
The trustees have referred to the guidance contained in the Charity Commission general guidance
on Public Benefit, when deciding on grants to be made.
Financial Review
The charity ain]s to holds sufficient reserves to maintain th¢ current level of grants. Free reserves
as at 5 April 2024 were £10,754 {2023 - £11,007).
The Endowment fund is held to generate income for the Charity. The fund cannot be distributed.
The Charity has sufficient funds to mcct its liabilities.
Investments
Thc asscts of the Charity arc Iuvebttnents on the Stock Market as set out in thc Annual Accounts.
Stockbrokcrs acting for the Trustee8, namely Canaccord Genuity Wealth M(Inagcment, monitor
these. conduct 41 thr¢¢ rnonthly Portfolio Review and make recommendations. Invcstmcnts are
sclcct¢d on thc basis of these recommendations with the aim of balancing risk, protecting the
capital and generating income for distribution.
Mr P E M Oglethorpe TD
Chairn]an
For and on behalf of the Trustees
3 £kf. 2024

HAMMARBANK TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
FOR THE YEAR ENDED 5 APIUL 2024
I report on the financial statements of the Trust for the year ended 5 April 2024 which are set out
on pages 5 to 8.
Respective responsibilities of trustees and examiner
The charity's trustees are responsiblc for the preparation of the accounts. The charity's trustees
Lonsider that an audit IS llot required for this year under section 144(2) of tbe CharitAes Act 2011
(the 201 l Act) and that an independcnt examination is needed.
It is my rcsponsibility to:
examine the accounts under scction 145 of the 2011 Act.
follow the procedures laid down in the general Directions given by the Clwity
Commissioners under section 145(5)(b) of the 201 l Act. and
state wbere particular rnatters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance 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 includes consideration of
any unusual items or disclosures in the accounts, and seeking explanations frorn you as trustees
concerning 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 to whether the accounts
present a 'true and fair view, and the report is limited to those nMtters set out in the statement
below.
Independent examiner's statement
In conncLtion with my exarnin(Ition. no matter has corne to my attention:
which gives me reasonable cause to believe that, in any material respect, the requiTcments:
to keep accounting records in accordance with section 130 of the 201 l Act. and
to prepare accounts which accord with the accounting records and comply with the
accounting requirements of the 201 l Act
have not been met. or
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding
of the accounts to be reached.
S W Hinnigan FCA CTA
Xeinadin
Dalton House
9 Dalton Square
Lancaster
LAI IWD
Date lo
LOL

HAMMARBANK TRUSTEES
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2024
l General Purposes Fund
2024
2023
Notes
Income Receipts
Investment Income
61,067.42
58,947.74
Total Receipts
61,067.42
58,947.74
Payments
Direct Charitable Expenditure
Grants to Lancashire Association
of Boys and Girls Clubs
54,000.00
56,000.00
Other Expenditure
Independent Examiner's Fees
Stockbrokers Management Fees
720.00
6,601.22
666.00
6,613.25
Total Payments
61,321.22
63,279.25
Net Surplus / (Deficit) for the year
(253.80)
(4J31.51)
Cash and Bank Balances as at
5 April 2023
11,007.49
15,339.00
Cash and Bank Balances as at
5 April 2024
10,753.69
11,007.49

HAMMARBANK TRUSTEES
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2024
2 Permanent Endowment Fund
2024
2023
Notes
Income Receipts
Proceeds from Sale of Investments
23,152.69
23,804.82
Total Receipts
23,152.69
23,804.82
Payments
Direct Charitable Expenditure
Purchase of Investments
23,081.89
23,553.55
Total Payments
23,081.89
23.553.55
Net Surplus l (Deficit) for the year
70.80
251.27
Cash and Bank Balances as at
5 April 2023
12,422.72
12,171.45
Cash and Bank Balances as at
5 April 2024
12,493.52
12,422.72

HAMMARBANK TRUSTEES
STATEMENT OF ASSETS AND LIABILITIES
FOR THE YEAR ENDED 5 APRIL 2024
2024
2023
Monetary Assets
General Purpose Fund Bank Account
Perni<￿ellt Endowment Fund Bank Account
10,753.69
12,493.52
11,007.49
12,422.72
23,247.21
23,430.21
Represented by:
High Interest Cheque Account
Brokers Account
24,598.99
(1,351.78)
24,573.80
(1,143.59
23,247.21
23,430.21
Non-Mon¢tary Assets - Permanent Endowment Fund
Income Tax Recoverable
Lancashire Association of Boys and Girls Clubs Loan
50,000.00
50,000.00
Investment Assets
Securities held at cost
Securities held at valuation
1,255,008.00
1,475,895.00
1,270,397.00
1,458,418.00
Liabilities
Independent Exaininers Fee
720.00
666.00
Approved on behalf of the Trustees
P E M Oglethorpe Esq
Chaimw]
Date
¥g_kn 20

HAMMARBANK TRUSTEES
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 5 APIUL 2024
2024
2023
I Illvestment Income
Gross Interest
Distributions from UK resident companies
Dividends and Distribution from UK
Authorised Unit Trusts and OEICS
Interest from UK Securities (Interest Bearing)
Interest from UK Authorised Unit Trusts
and OEICS
Property tncome Distributions UK Real Estate
Dividends and Interest from Overseas
Companies and Overseas Unit Trusts
Income tax re￿lld
432.80
32,964.73
78.27
34,333.64
3,837.16
1,518.75
3,415.20
800.37
2,855.45
5,271.30
2,578.94
4,971.20
14,187.23
12,770.12
61,067.42
58,947.74
2 Grants to Lancashire Association of Boys and Girls Clubs
1210412023
1410712023
1111012023
2910112024
10,000.00
17,000.00
14.000.00
13.000.00
9,000.00
20,000.00
18,000.00
9.000.00
54,000.00
56,000.00