## ||||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| ##