REGISTERED COMPANY NUMBER.. 08269877 (England and Walos)
REGISTERED CHARITY NUMBER.. 1150524
ILLIAM ROWAN HAMILTON TRUST
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
Mercer Lewin Ltd
Chartered Accountants and Registered Auditors
6-7 Citibase
New Ba￿laY House
234 Botley Road
Oxford
OX2 OHP

WILLIAM ROWAN HAMILTON TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
Page
Report of the Tru$t89S
Report of tho Indgpgndent Audltors
Statement of Financial Activities
8alanca Sheet
10
Cash Flow Statemgnt
11
Notss to the Financial Statom&nts
12 to 19

WILLIAM ROWAN HAMILTON TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2023
Th& trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report
with the financial statoments of the charity for the year ended 31 October 2023. The trustees have adoptèd the
provisions of Accounting and Reporting by Charities. Statement of Recommended Practice appltcable to charrties
preparing their accounts in ￿ordanCe with the Financial Reporting Standard applicable in the UK and Republic
of Ireland {FRS 102} (effective 1 January 20191.
OBJECTIVES AND ACTIVITIES
We have referred lo the points contained in the Chartty Cofflmission'$ general guidance on public benefit when
reviewing our aims and objectives and in planning our future aclNities.
The Trusys SerVi￿S prowded have been principally in supP￿t of raising the educational attainment of children up
to age eleven within the UK and lo support the effeetiveness and professional job satisfaction land hence also
retenlionl of primary teachers. However. the year has been one of transition, as described below, and the Trust 1$
now focused on supporbng other oharitsble organisations, particularly in the fields of education and Early Years.
A YEAR OF TFiANSITION
Transfer of Hamilton D
rations lo Oxford Brookes Universi
As reported last year, all the Trust's operations and all the Trust's assets {save only its cash. ils investment portfolio
and its office propety) were transferred to Oxford Brookes University IOBUI in D8¢ember 2022. This was done
so that access lo the Trust's substantial body of materials (around 26,000 resources available to primary teachers
from its website) could be sustained into the medium terni and beyond. Oxford Brookes was the first choice of
Iruslees a$ the 'new home, for Hamilton for several reasons.. the University has a strong ￿pUtatton for ils degree,
PGCE and Masters courses in primary education", there have been strong links al several drfferent levels be￿een
the Trust and thè Unwersity over many years-, and 08U's Oxford k)¢ality mad8 Iraison easy and offered the
opportunity for the Trusvs staff lo be easily transferred lo the UnThiersity.
As the lègal agreement - and the transfer of Hamilton stsff lo OBU - took place on 19th December 2022. only
seven weeks into the 2022123 financial year, this report necessarily mainly covers the rernainder of
the year post transfer.
Website chan
es and develo
ment
Work continued on the writing and publication of mixed-age English plans, maths assessments and Topics but the
main website developments were changes by Oxford Brookes lo reflect the new ownership of the site by Oxford
Brookes. These were not finalised until 31 sl August 2023 as many steps had to be taken first.. the specification
and then appointment and stsrt of a new manager for the operation., decisions about brand, Strategy and pricing..
and then iMp￿￿entIng those Changes. The new team decided that the resour￿5 would be made available under
the heading 'Hamillon Brookes,, a name combining the Hamilton Trust background (which the tens of thousands
of users ass¢xiale with these resources) with that of Oxford Brookes UniveTsity. To maximise continuity, the
transfer agreement itself had included the URL wbyw.hamillon-Irust.org.uk 50 as lo minirnise the barriers for
teachers from the changa of ownership.
An interre
num
In the first seven weeks of the year. The Trust was able to continue with its agreement with Hamllton Education
Limited, a 'non-profit-making' company limited by guarantee and independent of the Trust, whereby the company
distributed many of the materials developed by the Trust and then pays a royalty lo the Trust. The main distribution
mechanism was through Hamilton Education's sale of School Subscriptions, whereby all of a school's teachers
and leaching assistants gain access lo all the materials and resources on the Trust's website. ￿hlIe many of Ihg
resources were avai5able to any user accessing the sile, individual teachers were able lo make a donation to the
Twsl lo gain access to all the materials that they might need.

WILLIAM ROWAN HAMILTON TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2023
From 19th December2022 onwards, until 31 st August 2023. there was an intarrègnum.. the resources and website
were owned by Oxford Brookes bul - because the new Hamilton Brookes website was not yet ready for new
subscriptions lo be offerod by Oxford Brookes lo schools and teaehers
the pre-December subscription
arrangements had lo continue. During this period, the Trust collected moneys on behalf of the Universty and each
month paid the University for the seNices the latter provided, mo$￿Y in the form of the work of the staff who were
now employed by Brookes. Trustees decided that il Would be inappropriate to continue to collect any Gift Aid as
from 19th December 2022 and so this option was removed from the website and no daims to HMRC were made
as from this date.
From 31st August 2023, the Hamilton Brookes website having gone live, neither Hamilton Trust nor Homilton
Education had any inleoction or contract with teachers or schools with regard lo rgnewod or new subscriptions.
However, there was still some liaison beiween the Trust and Hamilton Brookes- still ongoing though redu¢ing- in
supporting new publishing, particulady where the Trust fer( that it had a moral responsibility to help Iinalise specrfic
units tsC1t￿ committed in previous communications with users and to resohje actual or conceivable issues with
respect to copyright.
Ima
ination Libraries
'Imagination Marlborough,, a partnership with the DolW¢x4J Foundation - a charity started and overs*n by Dolly
Parton- contsnued successfully. Wrthin the designated area la circle with a radius of five miles from Marlboroughl.
any child under the age of five can be enrolled in the programme. such that they receive- without any charge- an
age-appropriate book every month until they 'graduale' aged five. As reported last year, a similar project was
started in Dorset. 'Imagination Dorcheslerf. and this has been enomioUs￿ successful through the unpaid efforts
of ils project manager Hannah Marsh, with over 700 under-five children registered at the time of writing.
Staffing numbers had been gradually reduced before the transfer to Oxford Brookes, and on 19th Dfjcember 2022
the dale of the transfer - all but one of the remaining five stsff transferred to employment by Oxford Brookes
Unwersity under a TUPE umbrella. As slated in last yeals report, the Iruslees wish again to express their great
appreciation for all our staff over many years. Reflecting back to a particulady challenging period. that of the covid
lockdowns (although happily these becoming a more distant memory), the team rose to the occasion in an
extraordinary way, onabling parents at home lo support schools in their children's ongoing education. The first
adaptsd materials were made available within days of the announcement that schools were to be closed and this
work and support eonlinued throughout the school closures. Final connections with the transferring staff were
ended in March 2023 when the four TUPE'd staff vacated the Trust's East Oxford office and moved lo their new
OBU offices al Harcourt Hill.
The Trust also said farewell to Professor Ruth Merttens who resigned from Hamilton Trust at the end of May 2023.
IVS appropriate lo repeat some comments in last yeals Report.. Ruth was an extremely effective Education Director
for over 25 years. combining her great expert¢'se across so many facets of primary education. ex￿lIent anticipation
of what teachers would need, a strong work ethic and the highest values. Since May 2023 Hamilton Brookes has
been able lo employ Ruth as part-time consultant whieh has helped gwe some additional continuity to the transfer
pro¢e$s.
STRATEGIC REPORT
Achievement and pèrformance
The Trust used Google Anatylies to obtain as much as infomiation a8 possible about the nature and quantity of
the Hamilton websile usage. Our estimate has been that at the time of Iransler there have been up to 50,000
active teacher users who regularly d¢)wnloaded adaptable plans from for their teaching of English. maths, and
cross-curricular Topics -'an active userf being defined by th8 Trust as someone who uses the $119 al least onc8
each month. This method of distribution of the Trust's resources continued to be highly cost-efficient. Akhough it
did require a Signifi￿nt expendrture each year on the development and maintonance of the website, the total
average dissemination c08t- and particularty the increment81 cost- lo the Trust per teacher supported remained
vèry low.

WILLIAM ROWAN HAMILTON TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2023
As slated in previous rep)rts, user numbers tend lo pgak following the introduction of new guidance from the DfE.
above all from Changes lo the National Curriculum, and then decline slowly in the years following. However. for
numbers - and hence the Trust's income - to be maintained, we have a￿ayS believed that there needs to be a
continually refreshed publishing programme. well communicated to schools and teachers, and there has been
some inevitable 'planning blight, from the state of limbo before and then after the transfer lo Brookes. On the
upside, Iruslees have long realised that they have paid very little attention lo the promotion of Hamilton resources
above all through social media - instead re￿Ing on word of moLrth referrals. Il's therefore reassuring to See the
new management of Hamilton Brooke$. supported by the stsff from Hamilton. beginning lo exploit opportunities
provided by the use of social media and also from Hamilton Brooke5' links With the Unwersity's Sthool of
Education.
STRATEGIC REPORT
Financial revièw
Financial position
Figures for 2022123 are not particularly comparable wfth those fcsr 2021122 for main reasons.. the fact that the
Iransfor to Oxford Brookes occurred only seven weeks into the year followed by an eight month interregnum, and
also on the expenditure side as Ihg Trust donated significant sums to the University to support the first few
years of the transition. Total expenditure for 2023 was £815,620, compargd with £472,423 th¢ previous year.,
£180,000 of the 2023 expenditure was represented by donations to Oxford Brookes as per the transfer agreement,
and there were additional expenses incurred on behaw of the Universty during the interregnum as well as other
donations to charitable Ofganisations in the year. Income from donations by individual teachers as Friends of
Hamilton this year lolalled È190.363 (including Gift Aid for the first seven weeks of the yearl, compared to the
2022 figurg of £309,584. Additionally, Hamilton Education- which has effectively distributed Trust products at cost
in recent years - prowded the Trust with a royalty income of £134,448 for the year1£185,451 in 20221, nearly all
ftom sales of school subscriptions in the first ten months of the year (though excluding the high-income month of
September and October 2023 following the launch of the Hamilton Brookes website on 31st ALbgusll. The Trust
also received a lolal of £40,057 in income from its investment portfolio [£31,260 in 20221. and overall the total
income for the year was £371.931 12022.. £526,S471. There was a nel deficit for the year of £448,473., this
omprised a deficit of £443,689 from operations and investment income together with investment losses of £4,784
(comparable figures for 2022 were a deficit of £147,509, made up of a £54,124 surplus from operations and
investment incom8 and investment losses of £201,633).
ReseThe8 poIIcy
The trustees seek to have sufficient Teserves so that there is negligible financial risk to the Trust's neaf-term plans.
Specifically, al the start of each financial yearthe assets held in bank dep05115 and highly liquid investments. when
added to 50% of the value of its freehold assets, should be higher than the previous yearfs net exFknditure and
also higher than the forecast gross annual expenditure for the next year less 50% of the forecast income from
investments, grants and other revenue. This threshold is again comfortabty exceeded.
The Trust has a heamhy overall credit balancg (taking into ac￿Unt the liquid investsnent assets) and the trustees
lake the view that (c is prudent to retain substantial reserves so that the Trust can make signrficant expendriures rf
judged by the trustees lo be in the interests of the Trust or in supporting f(s overall objectives.
It is, however, also the case that the trustees would not want to hold more funds than was considered prudent to
ensure the maintenance of a broad programme of educational support over the next few years, and so the trustees
will continue activety lo revigw the Trust's Reserves policy.
Brewin Dolphin are appointed to manage all the Trust's assets lotherthan the Trust holding sufficient cash in bank
accounts for working capital. and its freehold office propetyl. A low-risk inv&slment PKJlicy has been agreed with
Brewin Dolphin.

WILLIAM ROWAN HAMILTON TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2023
Future plans
Oxford Brookes University, in the form of Hamikon Brookes and suppKJrted by Hamilton Trust, have impl8men18d
all the details of the transfer of Hamilton operations lo Brookes within 2023. The Trust's offices have been vacant
since March 2023 and planning permission was successfulty gained for change of use to residential and an offer
was a¢￿pted before the year end Icompletion occurred in January 20241. The Trust - by design now has no
employees and no office and the trustees will not embark on any Tru51-managed new educational project. 11 will
though conb'nue wtth the tsvo Imagination Library initiatives in Dorchesler and Marlborough. Looking lo the future,
the Trust intends to use its financial resources to make a number of donations- some of a relatively large size - to
various charities over the next few years, above all in edU￿tIon and in the Early Years. selecting recipients who
we be5ieve Can make signrficant positive changes from the grants we provide.
STRUCTURE. GOVERNANCE AND MANAGEMENT
The William Rowan Hamilton Trust is a registered charty (number 1150241 incorporated on 26 October 2012. The
stated o*-ects of the Trust a￿ lo apply the trust fund for eharitable purposes, at the discrelKJn of the trustees.
William Rowan Hamilton TrusV8 operations were managed during the fir51 ha￿ of the year by Professor Ruth
Merttens las Education Director) with executive support from Michael O'Regan {Chair of Trustees), and - with less
management required since then - by the Chair.
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Company numbèr
08269877 {England and Wales)
Registerèd Charity number
1150524
Regl8tered office
la Howard Street
Oxford
OX4 3AY
Trustees
M R H J O'R$gan
K W Brooks
G J Mcmiifan
E J S O'Regan
Auditors
Mercer Lewin Lld
Chartered AccDuntsnls and Registered Auditors
&7 Citibase
New Barclay House
234 Bolley Road
Oxford
OX2 OHP

WILUAM ROWAN HAMILTON TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2023
STATEMEfvif OF TRVSTEE8' RESPONSIBILJTies
The trustees Iwho are also the directors of WIllBm Rowan Hamilton Trust for the purposes of company lawl are
responsible for preparing the Report of the Trustees and the financial slalemènls in accordance with applicable
law and United Kingdom Accounting Standards (United TrQ'ngdom Generally Acc6PtecJ Accounting Praeticel.
Company law requires the trustees lo prepare financial slalements for each finanoal year which give ? true and
fair view of the stste of affairs Df the Gharitsble company and of the incoming resources and opplcation of
resources, including the income and expenditu￿, of the charitable ¢ompany lor that period. In preparing those
financial slalemenls. the trustees are requirett lo
select suitable accounting policies and then apply Ihem Gonsislenlly.,
observe the methods and principles in the Charity SORP-,
make judgement9 and estimates that a￿ reasonabl& and pmdenl-.
prepare the financial statements on the going concem basis unless it is Irbappropriate to pres￿￿£ that the
charitable c¢mpany will continue iii business.
The trustees are responsible for keeping piopèr a¢count2ng re¢ords which dwlose with reasonable accuracy at
any lime the financial posthon ofthe charitsble company and lo enable them to ensu￿ that the financi￿ statements
Comply with the Compgnlas Act 20a6. They are also responsible for safeyuarding the assets of the ¢haritable
company and hence for takrng rÈa80fioble slep5 for the prevention anrj ¢Jeteclion of fraud and other irregularities.
In so fai as the trustees are aware..
there ts no ￿levant audit infoTrnation ol whl¢h the chanlable company's auditor5 are unawar&-.
and
the trustee5 have taken all steps that they ought to have tsken to make tremsefves aware of relevant audit
infc*malion and to establEh that thè auditors are aware of that inforrllation.
AUDrroRS
The auditors, Mercer Lewin Ltd, ￿11 be proposgd for re-appointment at the lothcomvig Annual General Meetin9.
Report of the trustees, inmrporaling a strategic report approved by orderof the board of trustees, as the company
directgrs, on 25 June 2024 and sHJned on the board's behalf by..
M R H J (YRegan - Trustee

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
WILLIAM ROWAN HAMILTON TRUST
Oplnlon
We have audtted the financial statements of WIllEam Rowan Hamilton Tfust Ithe'charitable company'l for the year
endgd 31 October 2023 which ￿MpriSe the Slalemenl of Financial Aclivities. the Balan￿ Sheet, Ihg Cash Flow
Statement and notes lo the financial stslements, including a summary of significant aceounling policies. The
financial reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Stsndards (United Kingdom Generally Aecepted Accounting Practycel.
In our opinion the financial statements..
give a true and fair view of the stale of the Charitab￿ company's affairs as al 31 October 2023 and of its
incoming resources and aPpI￿abOn of fesources, including its income and expenditure, for the yearthen ended.,
have begn prop8rly prepared in accordance with United Kingdom Generally Accepted Accounting Pract￿-, and
have been prepared in a￿OrdanCe with the requirements of the Companies AGI 20LI8.
8a818 for opinion
Vve conducted our audit in accordan￿ with International Standard8 on Audrtiw (UK} IISAS IUK}} and applicable
law. Oui responsibilities under those standards are further described in the Auditors, rèsponsibilities for the audit
of the financial stslemenls section of our report. We are independent of the charitable company in accordan
with the ethical requirements that are relevant to our audit of the financial 51atemenls in the UK. including the
FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilitie8 in accordance with these
requirements. We bolieve that the audit eviden￿ we have obtained is suffKient and appropriate to provide a basis
for our opinion.
Conclusions relatlng to golng concern
In auditing the financial 51alemenls, we have CDncluded that the trustees, use of the going concern basis of
accounting in the preparalion of the financial statements is appropriate.
Based on the work we have perfomied. we have not identified any material uncertainties relating lo events or
condrtions that, individually or colleclNely, may cast significant doubt on the charitable company's ability to
continue as a going concem for a period of at least ts¥e￿ months from when the financial statements are
authorised for issue.
Our responsibilitl8s and the responsibilities of the tru8tee8 With respect to going concem are described in the
relevant sections of this report.
Oth•r information
The trustees are responsible for the other infomiation. The other infomiation comprises the information included
in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other infom)ation and, except lo the extent otherwise
explicitly staled in our report, we do not express any form of assurance conclusion Ihereon.
In connection with our audit of the financial statements, our responsibility is lo read the other information and, in
doing so, consider whether the other infom)ation is materially incon51Stenl with the finan¢k71 statements or our
knowledge obtained in the audit or othen￿lSe appears to be materially misstated. If we rdenlify such material
inconsistencies or apparent material misstatements, we are required to delemine whether this gives rise to a
material mi5slatement in the financial statements themSe￿eS. If, based on the work we have perfomed, we
conclude that there Is a material misstatement of thi8 other infomation, we are required to report that fact. We
have nothing lo report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
WILLIAM ROWAN HAMILTON TRUST
Matter5 on whlch we aro requlred to report by exception
We have nothing to report in respect of the following matters where the Charilios (Accounts and Reports)
Regulations 2008 require5 US to report lo you if, in our opinion..
the infomialion given in the Report of the Trustees is inconsistent in any material rospecl with the financial
statements.. or
the charitable company has not kept adequate accounting records,. or
the financial slalemenls are not in agreement with the accounting records and retums., or
we have not received all the information and explanations we require for our audit.
Responsibilities of tru$tegS
As explained more ful￿ in the Slalemenl of Trustees, Responsibilities, the trustees (who ale also the directors of
the charitable company for the purposes of company lawl are responsible for the preparation of the financial
slalemenls and for being sats"sfied that they give a true and fair view, and for such internal control as the trustees
determine is necessary lo enable the preparation of financial statements that are free from material misstatement,
whether due lo fraud or error.
In prapaiing the financial statements. the trustees are responsible for assessing the charitable company'8 ability
to continue as a going concern, disclosing, as applicable. matter5 related lo going concern and using the going
concern basis of accounting unl8ss the trustees either intend lo liquidat& the charitable company or to cease
operations, or hav& no realistic alternative but to do so.
Our re8ponsibilities for the audit of tho financial statements
We have been appointed as auditors under Section 144 of the Charitv&s Act 2011 and report in accordance with
the Act and relevant regulations made or having effect Ihereunder.
Our objgctives are to obtain reasonable assurance about whether the financial statements as a whole are free
from malenal misstatement, whether due lo fraud or errof, and to issue a Report of the Independent Auditor5 that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit
conducted in accordance with ISAS IUKI will a￿layS det&cl a material misstatement when il exists. Misstatements
can arise from fraud or error and are consider8d material if, individualty or in the aggwate, they Could reasonabty
be expectsd lo influence the èconomic decisions of users tsken on the basis of these financial slalements.
The extent ID which our procedures a￿ capable of detecting irregularities, including fraud is detailed below..
We discussed theframework and environment in which the charity operates with senior management and, together
with Dur knowledge of the environment in which the charity operates, sought to identify laws and regulations which
are critical lo the charity's operations. None were identified.
To address the risk offraud through management bias and override of controls we perfomied analytical procedures
lo identfy unusual or unexpected relationships or Iransaclions, tested journal entries to idenlfy unusual
transactions and investigated the rationale behind unusual Iransaclions.
In response to identffied risks we designed procedu￿$ which included. but were not limited to..
Agreeing financial disclosures to underlying sUPPOrting documentstion
Reading the minutes of meotings of those charged w((h governance
Enquiring of management as to actual and potential litigation and claims.
A further deseription of our responsibilrties for the audit of the financial slat8ments is located on the Financial
Reporting Council's websrte at www.frc.org.uklaudilorsresponsibilities. This description forms part of our Report
of the Independent Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
WILLIAM ROWAN HAMILTON TRUST
Use ofour raport
This report is made $018ly lo the Charitab￿ company's trustees, as a body, in a¢cordance with Part 4 of the
Charities IAceounls and Reports} Regulations 2008. Our audit work has been undertaken so that we might stale
to the charitsble company's trustees those matters we are required lo state to them in an auditors, report and for
no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone
other than the charrtable Company and the charitable company's trustees as a body. for our audit work, for this
rep)rt. or for the opintons we have formed.
L_ LknL
Mercer Lewin Ltd
Chartered Accountants and Regisl8red Auditors
Eligible lo act as an auditor in terms of Sect¥Jn 1212 of the CoM￿nieS Acl 2006
&7 Citibase
New Barclay House
234 Botley Road
Oxford
OX2 OHP
19 July 2024

WILLIAM ROWAN HAMILTON TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 OCTOBER 2023
2023
Unrestricted
fvnd
2022
Total
fund$
Notes
INCOME AND ENDOWMENTS FROM
Donations arKI legacies
190,363
309,584
Charitsblg activiti
Supp)rt for Education
134,448
185,451
Investsnenl income
Other income
40,057
7.063
31,260
2S2
Totsl
371,931
526,547
EXPENDITURE ON
Raising funds
9,971
10,512
Charitablg activitips
Support for Educalion
805.649
461,911
Total
815,620
472,423
Net gain￿(lo$se$) on investmgnts
4,784)
(201,633)
NET INCOMEIIEXPENDITUREI
1448,4731
(147.509)
RECONCILIA TION OF FUNDS
Total funds brought forward
1,893,547
2.041,056
TOTAL FUNDS CARRIED FORWARD
1.445.074
1,893,547
The notes fomi part of these financial statements

WILLIAM ROWAN HAMILTON TRUST
BALANCE SHEET
31 OCT08ER 2023
2023
2022
Total
funds
Unrestricted
fund
Notes
FIXED ASSETS
Tangible a55ets
Investments
13
14
60,866
1,337,268
86,194
1.441,840
CURRENT AssErs
Debtors
Cash at bank
1.398,134
1,508,034
15
12.122
50,009
351,106
CREDrfoRS
Amounts falling due within one year
54,181
401,115
16
17.2411
115,6021
NEf CURRENT ASSETS
46,940
385 513
TOTAL ASSEfs LESS CURRENT
LIABILITIES
1.445,074
1 893,547
NET ASSETS
1,445,074
1,693,547
FUNDS
Unfestricled fiJnd¥
17
1,445,074
1.893.547
TOTAL FUNOS
1,445,074
1,893.547
The charilable Company is ents1￿ to exemption from audit under Section 477 of the Companies Act 2008 for the
year ended 31 October 2023.
The member5 have not deposited notree. pursuant to Section 476 of the Companies Acl 2006 requiring gn audit
of these financial Statements.
The Iruslees acknowledge Iheif responsibilitie5 for
(al
ensuring that the charitable company keeps accountsng records that compty wth Sections 386 and 387 of
the Companles Act 2006 and
preparing finan¢ral statemènts which give a true and fair view of the state Of affairs of the char*table
company as at the end of eaeh financial year and of its Surplus or deficit for each financial year in
accordance the requirements of Sections 394 and 395 and which otherwisp ￿mplY wth the
requirements of the Companies Act 2006 ￿lating to financial statement5, so far as applieable to the
charitable company.
Ibl
These financial statements have been audited under the requIrerT￿t$ of Section 145 of the Charities Act 2011.
The financial statements were approved by the Board of Trustees and authorised for issue on 25 June 2024 and
were Signed on its behalf by..
M R H J O'Regan - Trustee
The notes form part of the58 financial statements
10

WILLIAM ROWAN HAMILTON TRUST
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2023
2023
2022
Notes
Cash ftows from operating activities
Cash generated from operations
19
448.8931
26,901
Net cash used in operating activities
448.8931
26,901
Cash 110v￿ from Inve8tin9 activitie8
Purchase of fixed asset inveslmenls
Sale of fixed asset investments
Interest received
Dividends r￿e1ved
{283,5511
383,340
433
39,624
1312,2961
259.887
23
31.237
Net cash provided byllus8d inl investing aclivrties
139.846
21,149
Change in cash and cash equlvalents
in th8 rgporting perlod
Cash and Cash equivalents at the
beglnning of the roporting period
1309,0471
148,0501
351.106
Cash and cash equlvalonts at tho end
of the roporting perlod
42.059
351,106
The notes fom part of these financial statements

WILLIAM ROWAN HAMILTON TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial ststements of the charitable company, which is a public benefit enlily under FRS 102, have
been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities:
Slalemenl of Recommended Practs"ce applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) leffoclive 1
January 20191,, Financial Repo￿.ng Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under
the historical cost convents"on, with the exception of investments which are included at market value, as
modified by the revaluation of certain assets.
INCOME
All ineorne is recognised in the Statement of Financial Activities On￿ the charity has entitlement lo the
funds. it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilrties are recognised as expenditure as soon a5 there is a legal or construth've obligation commth'ng
the charity to that expenditure, rt is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expendrture is accounted for on an
accruals basis and has been classffied under headings that aggregate all cost related lo the category.
Where costs cannot be direcuy attributed to particular headings they have been allocated to a¢tivilie$ on a
basis consistent with the use of resour￿.
Grants offered subject to condition5 which have not been met al the year end date are noted as a
commitment but not accrued as expendrture.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful lrfe.
Frgehold property
Motor vehicles
Computer equipment
2% on cost
25% on e¢)st
25% on cost
TAXATION
The charity is exempl from corporation tax on ils charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordan￿ with the charitable objectives at the discretion ofthe trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Reslridions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and PUr￿se of each fund is included in the notes to the financial
strdtements.
PENSION COSTS AND OTHER POST-REfiREMENT BENEFITS
The charitable company OFerate5 a defined contribution pension scheme. Contributions payab18 to the
charitabLg wmpany's pension sch8me are charged lo the Statement of Financial ActNities in the period to
which they relate.
12
continued...

WILLIAM ROWAN HAMILTON TRUST
NOTES TO THE FINANCIAL STATEMENTS- continuod
FOR THE YEAR ENDED 31 OCTOBER 2023
DONATIONS AND LEGACIES
2023
2022
Gift aid
Friends of Hamitton Trust
4,184
186,179
41.762
267,822
190,363
309,584
INVESTMENT INCOME
2023
2022
Other fixed asset invest- Fll
Deposit account interest
39,624
433
31,237
23
40 057
31,260
INCOME FROM CHARITABLE ACTIVITIES
2023
2022
Activity
Support for Education
Royalties
134,448
185,451
RAISING FUNDS
INVESTMENT MANAGEMENT COSTS
2023
2022
Portfolio management
9,971
10,512
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activrties
(see note
SLAPPOrt
costs Ise
note 81
Direct
Costs
71
Totals
Support for Education
488,355
805,649
13
continued...

WILLIAM ROWAN HAMILTON TRUST
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YE4R ENOED 31 OCTOBER 2023
GRANTS PAYABLE
2023
2022
Support for Education
309.664
1.000
The total grants paid lo instilulions during the year was as follows..
2023
2022
309,664
1,000
SUPPORT COSTS
Governance
cos15
Finance
Totals
Support for Education
4,557
7,630
NET INCOMEI(EXPENDrruRE)
Net ineomellexpendilure} is slated after chargingllcreditingl..
2023
2022
Auditors, remuneration
Depreciation - owned assets
Defiut on disposal of fixed assets
3.000
2,254
3,073
3.000
4.218
10.
TRUSTEES. REMUNERATION AND BENEFITS
There were no truste8s' remuneration or other benefits for the year ended 31 October 2023 nor for th8 year
ended 31 October 2022.
TRUSTEES. EXPENSES
There were no trustees, expenses paid for the year ended 31 October 2023 nor for the year ended
31 October 2022.
11. STAFF COSTS
2023
2022
Wages and salaries
Social security costs
Other pension costs
89,466
6,471
3210
171,032
12,091
8,948
99,147
192.071
The average monthly number of employees during the year was as follows..
2023
2022
Administrative and support staff
14
continued...

WILLIAM ROWAN HAMILTON TRUST
NOTES TO THE FINANCIAL STATEMENTS- continugd
FOR THE YEAR ENDED 31 OCTOBER 2023
11.
STAFF COSTS- continu•d
No employees received emoluments in excess of £60,000.
12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
INCOME AND ENDOWMENTS FROM
Donations and Iggacies
309,584
Charltable actlvltles
Support for Education
185,451
Investment irtt)me
Other income
31,260
252
Total
526.547
EXPENDITURE ON
Raising funds
10,512
Charitable activities
Support for Education
461,911
Total
472,423
Net gaIn￿lI0￿ses) on investments
201.6331
NET INCOMEIIEXPENDITURE
1147.509)
RECONCIUATION OF FUNDS
Total funds brought forward
2.041,056
TOTAL FUNDS CARRIED FORWARD
1.893.547
15
ctsntinued...

WILLIAM ROWAN HAMILTON TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 OCT08ER 2023
13. TANGIBLE FIXED ASSETS
Freehold
propety
Motor
vehicl8S
Computer
oquipment
Totals
COST
At 1 November 2022
Disposals
83,406
10,976
10,9761
16,179
16.179
110,561
27.155
At 31 OGlober 2023
83,406
83.406
DEPRECIATION
At 1 November 2022
Charge for year
Eliminated on disposal
20,286
2.254
10,976
13.105
44,367
2.254
24,081
10,976
13,1051
Al 31 October 2023
22.540
22,540
NET BOOK VALUE
At 31 October 2023
60,866
60,866
At 31 October 2022
63.120
3,074
66.194
14.
FIXED ASSEf INVESTMENTS
Listed
investments
MARKET VALUE
At 1 November 2022
Additions
Disposa15
Revaluations
1,441.840
283,551
1383,3391
4,7841
Al 31 October 2023
1.337.268
NET BOOK VALUE
At 31 October 2023
1.337 268
At 31 October 2022
1.441,840
There were no investment assets outside the UK.
Cost or valuation at 31 Ocloter 2023 is rapresented by..
Listed
investments
Valuation in 2023
1.337,268
16
continued...

WILLIAM ROWAN HAMILTON TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCT08ER 2023
15.
DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Trade debtors
Other deblgrs
Grft aid
VAT
Prepayments
41,038
4,407
3,606
12.122
958
12,122
50.009
16.
CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
2023
2022
Trade credf(or$
Social security and other taxes
VAT
Pensions payable
Accruals and deferred income
4.241
2.622
2.653
6.072
1,255
3.000
3,¢)00
7,241
15,602
17.
MOVEMENT IN FUNDS
Nel
movgment
in funds
Al
31110￿3
1111122
Unrgstrlctsd fund8
General fund
1,893,547
1448.4731
1,445.074
TOTAL FUNDS
1,893,547
1448,4731
1,445,074
Net movement in funds, included in the above are as follows=
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
371,931
1815,6201
{4,7841
1448,473
TOTAL FUNDS
371.931
815,620
4.7841
448,473
17
continued...

WILLIAM ROWAN HAMILTON TRUST
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 OCTOBER 2023
MOVEMENT IN FUNDS- contlnuod
Comparatives for mov•m•nt In funds
Net
movement
in funds
At
1111121
At
31110122
Unrgstricted funds
General fund
2,041,056
1147,5091
1,893,547
TOTAL FUNDS
2,041.056
147.509)
1,893,547
Comparative net movement in funds. included in the atove are as follcms:
Incoming
resources
Resources
experKled
Gains and
losses
Movement
in funds
Unrostricted fund8
General fund
526,547
1472,423)
1201,6331
{147,5091
TOTAL FUNDS
526,547
472,423
201,633)
147,5091
A current year 12 months and prior year 12 months combined F)OSition is as folk)ws'.
Nel
movement
in funds
Al
31110123
1111121
Unrestrlctad fund8
General fund
2,041,056
{595.982)
1,445.074
TOTAL FUNDS
2,041,056
595.982
1,445.074
A current year 12 months and prior year 12 rnonlhs wmbined n&t movement in funds, in¢luded in the above
are as follows..
Incoming
resources
Resourees
8xpended
Gains and
lossès
Movement
in funds
unrestrict￿ funds
General fund
898.478
11,288.0431
(206,417)
1595.9821
TOTAL FUNDS
898.478
11,288,043
206,41
595.9821
18
continued...

WILUAM ROWAN HAMILTON TRUST
NOTES TO THE FINANCIAL STATEMENTS - contlnuod
FOR THE YEAR ENDED 31 OCTOBER 2023
18.
RELATED PARTY DISCLOSURES
During the year, there were no related party transactions.
19.
RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2023
2022
Net oxponditure for tho rgportlng perlod {as per the Statsment of
Financlal Activities)
Adlustments for:
Depreciation charges
Los58s on investments
Loss on disposal of fixed assets
Interest received
Dividends re￿iVed
Decr&asellincreasel in debtors
Decrease in creditors
(448,4731
(147,5091
2,254
4,784
3,073
{433}
139,624)
37,887
8.361
4,219
201,658
1231
131,2371
137,9331
16,076
Net used in operatlon8
448.8931
26,9011
ANALYSIS OF CHANGES IN NEf FUNDS
Al 1111122
Cash flow
At31110123
Not ca8h
Cash at bank
351.1C6
309.0471
42,059
3S1,1(
309,047
42,059
Total
351,11
309,047
42,059
19