| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 5 | |
| Report ofthe Independent | Auditors | 6 | to | 8 |
| Statement of Financial Activities | ||||
| Balance Sheet | 10 | to | 11 | |
| Cash Flow Statement | 12 | |||
| Notes to the Financial Statements | 13 to | 20 |
| FOR THE YEAR ENDED 31OC | TOBER | 2022 | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | E | |||
| INCOME AND ENDOWMENTS | FROM | |||
| Donations and legacies |
309,584 | 399,935 | ||
| Charitable activities |
||||
| Support for Education | 185,451 | 223,283 | ||
| Investment income |
31,260 | 29,916 | ||
| Other income | 252 | |||
| Total | 526,547 | 653,134 | ||
| EXPENDITURE ON | ||||
| Raising funds | 10,512 | 10,930 | ||
| Charitable activities |
||||
| Support for Education | 461,911 | 509,101 | ||
| Total | 472,423 | 520,031 | ||
| Net gains/(losses) on investments |
~201,633) | 216,400 | ||
| NET INCOME/(EXPENDITURE) | (147,509) | 349,503 | ||
| RECONCILIATION OF FUNDS |
||||
| Total funds brought forward |
2,041,056 | 1,691,553 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,893,547 | 2,041,056 |
| BALANCE SHEET | |||
|---|---|---|---|
| 31OCTOBER 2022 | |||
| 2022 | 2021 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 13 | 66,194 | 70,412 |
| Investments | 14 | 1,441,840 | 1,591,090 |
| 1,508,034 | 1,661,502 | ||
| CURRENT ASSETS | |||
| Debtors | 15 | 50,009 | 12,076 |
| Cash at bank | 351,106 | 399,156 | |
| 401,115 | 411,232 | ||
| CREDITORS | |||
| Amounts falling due within one year |
16 | (15,602) | (31,678) |
| NET CURRENT ASSETS | 385,513 | 379,554 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 1,893,547 | 2,041,056 | |
| NET ASSETS | 1,893,547 | 2,041,056 | |
| FUNDS | 17 | ||
| Unrestricted funds |
1,893,547 | 2,041,056 | |
| TOTAL FUNDS | 1,893,547 | 2,041,056 |
| FOR THE YEAR ENDED 3 | 1OCTOBER | 2022 | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Notes | ||||
| Cash flows from operating | activities | |||
| Cash generated from operations |
19 | ~26,901) | 111,746 | |
| Net cash (used in)/provided | by operating | activities | ~26,901) | 111,746 |
| Cash flows from investing | activities | |||
| Purchase oftangible fixed assets | (5,010) | |||
| Purchase offixed asset investments | (312,296) | (295,271) | ||
| Sale offixed asset investments | 259,887 | 300,408 | ||
| Interest received | 23 | 56 | ||
| Dividends received |
31,237 | 29,860 | ||
| Net cash (used in)/provided | by investing | activities | $21,149) | 30,043 |
| Change in cash and cash |
equivalents | |||
| in the reporting period |
(48,050) | 141,789 | ||
| Cash and cash equivalents | at the | |||
| beginning ofthe reporting |
period | 399,156 | 257,367 | |
| Cash and cash equivalents | at the end | |||
| ofthe reporting period |
351,106 | 399,156 |
| Freehold | property | - 2% on cost |
|---|---|---|
| Motor vehicles | 25% on cost | |
| Computer | equipment | - 25% on cost |
| WILLIAM ROWAN HAMILTON TRUST |
WILLIAM ROWAN HAMILTON TRUST |
WILLIAM ROWAN HAMILTON TRUST |
WILLIAM ROWAN HAMILTON TRUST |
WILLIAM ROWAN HAMILTON TRUST |
WILLIAM ROWAN HAMILTON TRUST |
||||
|---|---|---|---|---|---|---|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS -continued | |||||||||
| FOR | THE YEAR ENDED 31 OCTOBER 2022 | ||||||||
| 2. | DONATIONS AND |
LEGACIES | |||||||
| 2022 | 2021 | ||||||||
| F | |||||||||
| Gift aid | 41,762 | 55,912 | |||||||
| Friends of Hamilton | Trust | 267,822 | 344,023 | ||||||
| 309,584 | 399,935 | ||||||||
| 3. | INVESTMENT INCOME | ||||||||
| 2022 | 2021 | ||||||||
| F | |||||||||
| Other fixed asset invest - Fll | 31,237 | 29,860 | |||||||
| Deposit account interest | 23 | 56 | |||||||
| 31,260 | 29,916 | ||||||||
| 4. | INCOME FROM CHARITABLE | ACTIVITIES | |||||||
| 2022 | 2021 | ||||||||
| Activity | F | E | |||||||
| Royalties | Support for Education | 185,451 | 223,283 | ||||||
| 5. | RAISING FUNDS | ||||||||
| INVESTMENT MANAGEMENT | COSTS | ||||||||
| 2022 | 2021 | ||||||||
| F | |||||||||
| Portfolio management | 10,512 | 10,930 | |||||||
| 6. | CHARITABLE ACTIVITIES | COSTS | |||||||
| Grant | |||||||||
| funding | of | ||||||||
| activities | Support | ||||||||
| Direct | (see note | costs (see | |||||||
| Costs | 7) | note 8) | Totals | ||||||
| F | |||||||||
| Support for Education | 454,653 | 1,000 | 6,258 | 461,911 | |||||
| 7. | GRANTS PAYABLE | ||||||||
| 2022 | 2021 | ||||||||
| F | E | ||||||||
| Support for Education | 1,000 | 21,583 | |||||||
| Analysis ofgrants: |
|||||||||
| 2022 | 2021 | ||||||||
| Citizens' Climate |
500 | ||||||||
| Eleanor Palmer School | 100 | ||||||||
| Marlborough LitFest |
500 | 500 | |||||||
| The Merchants' House Trust |
1,300 | ||||||||
| One-Eighty | 500 | ||||||||
| Oxford Baby Bank | 500 | ||||||||
| Peepie | 10,000 | ||||||||
| The University of Oxford - Oxford for Oxford |
Initiative |
| 7. | GRANTS PAYABLE - | GRANTS PAYABLE - | continued | |||
|---|---|---|---|---|---|---|
| Trinity College Dublin - | Hamilton | Internships | 8,683 | |||
| 1,000 | 21,583 | |||||
| 8. | SUPPORT | COSTS | ||||
| Governance | ||||||
| costs | ||||||
| F | ||||||
| Support for | Education | 6,258 | ||||
| 9. | NET INCOME/(EXPENDITURE) | |||||
| Net income/(expenditure) | is stated after charging/(crediting): | |||||
| 2022 | 2021 | |||||
| E. | F | |||||
| Auditors' remuneration |
3,000 | 3,000 | ||||
| Depreciation | -owned assets | 4,218 | 4,219 |
| 2022 | 2021 | ||
|---|---|---|---|
| f. | F | ||
| Wages | and salaries | 171,032 | 183,024 |
| Social | security costs | 12,091 | 11,462 |
| Other | pension costs | 8,948 | 8,741 |
| 192,071 | 203,227 |
| The average | monthly | number | number | ofemployees | during the year was as follows: | ||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Administrative | and support | staff | 6 | 7 |
| COMPARATIVES FOR THE ST | ATEMENT OF FINANCIAL ACT | IVITIES |
|---|---|---|
| Unrestricted | ||
| fund | ||
| INCOME AND ENDOWMENTS | FROM | |
| Donations and legacies |
399,935 | |
| Charitable activities |
||
| Support for Education | 223,283 | |
| Investment income |
29,916 | |
| Total | 653,134 | |
| EXPENDITURE ON | ||
| Raising funds | 10,930 | |
| Charitable activities |
||
| Support for Education | 509,101 | |
| Total | 520,031 | |
| Net gains on investments | 216,400 | |
| NET INCOME | 349,503 | |
| RECONCILIATION OF FUNDS |
||
| Total funds brought forward |
1,691,553 | |
| TOTAL FUNDS CARRIED FORWARD | 2,041,056 |
| TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Freehold | Motor | Computer | ||
| property | vehicles | equipment | Totals | |
| F | ||||
| COST | ||||
| At 1 November 2021 and |
||||
| 31 October 2022 | 83,406 | 10,976 | 16,179 | 110,561 |
| DEPRECIATION | ||||
| At 1 November 2021 |
18,032 | 10,976 | 11,141 | 40,149 |
| Charge for year | 2,254 | 1,964 | 4,218 | |
| At 31 October 2022 | 20,286 | 10,976 | 13,105 | 44,367 |
| NET BOOK VALUE | ||||
| At 31 October 2022 | 63,120 | 3,074 | 66,194 | |
| At 31 October 2021 | 65,374 | 5,038 | 70,412 |
| Listed | |||
|---|---|---|---|
| investments | |||
| MARKET VALUE | |||
| At 1 November 2021 |
1,591,090 | ||
| Additions | 312,296 | ||
| Disposals Revaluations |
(259,887) ~201,659) |
||
| At 31 October 2022 | 1,441,840 | ||
| NET BOOK VALUE | |||
| At 31 October 2022 | 1,441,840 | ||
| At 31 October 2021 | 1,591,090 | ||
| There were no investment | assets outside the UK. | ||
| Cost or valuation at 31 October 2022 is represented |
by: |
| Listed | ||||||
|---|---|---|---|---|---|---|
| investments | ||||||
| Valuation in 2022 |
1,441,840 | |||||
| 15. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | |||||
| F | ||||||
| Trade debtors | 41,038 | 6,638 | ||||
| Other debtors | 4,407 | |||||
| Gift aid | 3,606 | 4,480 | ||||
| Prepay ments | 958 | 958 | ||||
| 50,009 | 12,076 | |||||
| 16. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | |||||
| Trade creditors Social security and other taxes VAT Pensions payable Accruals and deferred income |
2,622 2,653 6,072 1,255 3,000 |
11,829 3,254 12,403 1,192 3,000 |
||||
| 15,602 | 31,678 |
| MOVEMENT | IN FUNDS | |||
|---|---|---|---|---|
| Net | ||||
| At | movement | At | ||
| 1/11/21 | in funds | 31/10/22 | ||
| E | E | |||
| Unrestricted | funds | |||
| General fund | 2,041,056 | (147,509) | 1,893,547 | |
| TOTAL FUNDS | 2,041,056 | ~147,509) | 1.893,547 |
| Net movement | in funds, included |
in the above are as follo | ws: | ||
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| F | E | ||||
| Unrestricted | funds | ||||
| General fund | 526,547 | (472,423) | (201,633) | (147,509) | |
| TOTAL FUNDS | 526,547 | )472,423) | ~201,633) | ~147,509) |
| Compar | atives | for movement in funds |
|||
|---|---|---|---|---|---|
| Net | |||||
| At | movement | At | |||
| 1/1 1/20 | in funds | 31/10/21 | |||
| Unrestricted | funds | ||||
| General | fund | 1,691,553 | 349,503 | 2,041,056 | |
| TOTAL | FUNDS | 1,691,553 | 349,503 | 2,041,056 |
| Comparative | net movement in fu |
nds, included in the above |
are as follows: | ||
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| E | |||||
| Unrestricted | funds | ||||
| General fund | 653,134 | (520,031) | 216,400 | 349,503 | |
| TOTAL FUNDS | 653,134 | )520,D31) | 216,40D | 349,503 |
| A curren | t yea | r 12 months and prior year |
12months combined position is |
as follows: | |
|---|---|---|---|---|---|
| Net | |||||
| At | movement | At | |||
| 1/11/20 | in funds | 31/10/22 | |||
| F | |||||
| Unrestricted | funds | ||||
| General | fund | 1,691,553 | 201,994 | 1,893,547 | |
| TOTAL | FUNDS | 1,691,553 | 201,994 | 1,893,547 |
| A current yea above are as |
r 12 months and p follows: |
rior year 12 months combi |
ned net movem |
ent in funds, i |
ncluded in t |
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| F | E | ||||
| Unrestricted | funds | ||||
| General fund | 1,179,681 | (992,454) | 14,767 | 201,994 | |
| TOTAL FUNDS | 1,179,681 | (992,454) | 14,767 | 201,994 |
| RECONCILIATION OF NET (EXPENDITURE)/INCOME |
RECONCILIATION OF NET (EXPENDITURE)/INCOME |
RECONCILIATION OF NET (EXPENDITURE)/INCOME |
TO NET CASH FLOW FROM | OPERATING |
|---|---|---|---|---|
| ACTIVITIES | ||||
| 2022 | 2021 | |||
| F | E | |||
| Net (expenditure)/income | for the reporting | period (as | per the | |
| Statement of Financial Activities) Adjustments for: |
(147,509) | 349,503 | ||
| Depreciation charges |
4,219 | 4,219 | ||
| Losses/(gain) on investments |
201,658 | (216,400) | ||
| Interest received | (23) | (56) | ||
| Dividends received |
(31,237) | (29,860) | ||
| (Increase)/decrease in debtors Decrease in creditors |
(37,933) ~16,076) |
16,944 ~12,604) |
||
| Net cash (used in)/provided | by operations | ~26,901) | 111,746 |
| At 1/11/21 | Cash flow | At 31/10/22 | |
|---|---|---|---|
| E | E | ||
| Net cash | |||
| Cash at bank | 399,156 | ~48,050) | 351.106 |
| 399,156 | (48,050) | 351,106 |