ELEANOR HAMILTON EDUCATIONAL TRUST
REPORT AND FINANCIAL STATEMENTS
For the year to 30th June 2024
HUNTERS LAW LLP
9 New Squar8
Lincoln's Inn
London
WC2A 3QN
SEC.WVM.35732-1

ELEANOR HAMILTON EDUCATIONAL TRUST
REPORT AND FINANCIAL STATEMENTS
For the year to 30th June 2024
Contsnts
Page
Auditorfs report
Reference and administrative details
Trustees, Report
5-7
Balance sheet
statement of Financlal Activlties
Investments
10-11
Investment Changes
12
Notes to the Accounts
13-14

Indapendènt Examiners Report to thè Trustees of Eleanor Hamilton Educational Trust
I report on the accounts of the Trust for the year ended 30 June 2024
Respective r8sponsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's
trustees consider thatan audit is not required for this year undersection 144(2) ofthe Charities
Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the General Directlons given by the Charity
Commissioner under section 145(5)(b) of the 2011 Act", and
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carrled out in accordance with the General Directions glven by the
Charity Commissloner. An examination includes a review of tha accounting records kept by
the charlty and a comparison of the accounts presented with those records. It also includes
consideration of any unusual items or disclosures in the accounts, and the seeking of
explanations from you as trustees concerning any such matters. The procedures undertaken
do not provide all the evidence that would be requlred in an audit and. consequentty no opinion
is given as to whether the accounts present a 'true and fair view, and the report is limited to
those matters set out in the statement below.
Independent examiner's statement
In connection wlth my examination, no matter has come to my attention:
which glves me reasonable cause to believe that, in any material respect, the
requlrements:
(a)
(b)
to keep accountiftg records in accordance with section 130 of the 2011 Act; and
to prepare accounts which accord with the accounting records and to comply with
the accounting requiremenls 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.
Colin Reid FCA
Burgess Hodgson LLP
Chartered Accountants
27 New Dover Road
Canterbury
Kent
CT13DN
i6¢Ectober 2024

ELEANOR HAMILTON EDUCATIONAL TRUST
Reference and admlnistratlve details
Charity Number:
309997
Principal Offlce
clo Hunters Law LLP
9 New Square
Lincoln's Inn
London
WC2A 3QN
Trustees
Mrs J Nyifi, CQSW (Chair)
Mr W Brandon, MA
Dr P Brandon, MRCGP
Mr J C Vemor-miles
Mr l Hippisley
MrDPOrr
Mr W E Vemor-miles
Miss E J Brandon
Bankers
CAF Bank Ltd
25 Kings Hill Avenue,
Kings Hill
West Malling
Kent
ME19 4JQ
Sollcltors
Hunters Law LLP
9 New Square
Lincoln's Inn
London
WC2A 3QN
Investment Managars
Raymond James Investment Services Limited
1 King William Street
London
EC4N 7AF
Audltors
Burgess Hodgson LLP
27 New Dover Road
Canterbury
Kent
CT13DN

ELEANOR HAMILTON EDUCATIONAL TRUST
Trustees Annual Report for the year to 30th June 2024
Structure
overnance and mana
ement
The financial statements are prepared in accordan￿ with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the
Charities Act 2011.
The Trust was established by a Deed dated 25th February 1957 creat8d by Eleanor Christodora
Lady Hamilton.
Appolntmont of new trusteos
The power of appointing new Trustees is vested in the Trustees. The Trust Deed states that there
shall always be at least three Trustees, and that if and so long as there shall be issue of the Founder
living then at least one of the Trustees shall be appointed from such issue. The Trustees aim to
Include among their number a legal adviser and a financial adviser. Any new trustee appointed is
informed as to the charity's activities and airns and provided wlth copies of the goveming document,
Minutes of recent meetings and the latest financlal Accounts.
Organlsatlonal structure of the charity
The Trustees manage the Trust usually meet at least On￿ a year, but since the Covid pandemic the
Trustees have been in contact remotely to take all decisions necessary jointly with regard to the
review of the Trusvs activities and achievement of objectives. Certain day to day administrative
tssks are delegated to the charity's legal and investment advisers. Investment decisions are made
jointly by Mrs Nyiri, Mr J C Vernor-miles and Mr W E Vernor-miles.
Objectives and Actlvities
The governing document provides that the Trustees shall apply income and may apply capitsl to
provide for the education of persons under the age of thirty whose parents or guardians are unable
to pay for such education. The Trustees aim to help pupils complete their education giving priority
to those children who ar8 either in the second year of GCSE or A Level de
endin
on social health
and financial need. The Trustees also have power to make donations to charitable institutions
whether educational or not.
Grant4naklng pollcles
The Trustees are not in a position to cary out the extensive investigations needed to establish
suitable educational beneficiaries and therefore make donations to other charities which are able to
carry out such investigations.
The charity has in the past received funds from other trusts which have been wound up and the
Trustees try to continue to support the charitable interests of those donors. The Trustees support a
number of charities on a regular basis. The Trustees do not Gonsider unsolicited appeals and prefer
to support charits'es introduced by the Trustees.
Achievements and performance
In the year to 30th June 2024 the Trustees donated £230,000 towards educational grants. Emmott
Foundation received £55,000 to support students studying for their "A" levels. Thomton-smith &
Plevins Trust re￿iVed £55,000 to support students studying for their 'A" levels. £45,000 was given
to Newnham College to provide bursaries for students experiencing financial hardship and £45,000
was given to University of the Arts London to enable students to complete a Foundation Course
before embarking on further studies. and Buttle UK received £30,000.
Other general char5tsble donations totalled £145,000.

Monitorlng achievement
The Trustees receive anonymised reports from the educational charities on the results of the
beneficiaries supported by their grant. These progress reports Influen￿ whether or not further
grants will be given to those charities. When considering general charitable appeals the Trustees
consider how previous grants have been utilised.
Flnanclal Review, Investment Pollcy and Reserves
The charity maintains an investment porttolio and operates as a grant making charity. The charty
does not undertake any fundraising.
The Charity's governing document places no restrictions on the discretion of the trustees in investing
the Charity's assets.
It is the policy of the trustees to invest in financial instruments as follows.
to maintain sufficient cash to meet the Charitls short and medium term requirements; and
invest the remainder in a mixture of bonds (Government-issued or corporate) and worldwide
equities (induding collective investments) to achieve a balanced return in the long te￿￿ bebNeen
accumulated income and capitsl appreciation.
Aside from cash on deposit, the Charity's financial investments are held by the Charity's investment
advisers. The trustees take advice from their investment advisers on their investment strategy and
on all investment decisions. The trustees must exercise care and skill when making investrnent
decisions and select investments that are right for the Charity, including the need to diversify the
Charity's investments. The investments are reviewed by correspondence throughout the year and
at each trustees, meeting. Each review of the Charity. investrnents includes a review of the
investment advisorfs advice, how the Charity's investments are performing and of the service
provided by the Charity's investment advisor.
In March 2020 the trustees agreed to steadily reduce the Charity's exposure to the fossil fuel industry
and, where possible, and subject to advice from time to time of the Charity's investment advisers,
Increase investment in businesses or funds involved in renewable energy and "green. industries.
With effect from May 2023 the Charity's trustees have developed that policy further and will no longer
invest in the fossil fuel industry, tobacco andlor "vaping" and e-cigarettes, alcohol, defence and
weapons manufacturing industries.
Due to professional restrictions prohibiting involvement by some of the trustees in taking part In
Investment decisions, the final say on all investment changes has been delegated to three of the
trustees.
The activities during the period resulted in an increase in value of £137,515 (2023 increase of
£203,991).
The reserves at the year end were £9.25m (2023 £9.11 m). The charity holds sufficient resenies to
continue its objectives.
Plans for future periods
The charity intends to continue to support children in either GCSE or A Level years through grants
to other charities and provide bursaries to University of Arts. London and Newnham College.
Cambridge. It will also make some charitable grants.
Public Benefit
We have referred to the Charity Commission's general guidance on public benefit when reviewing
our aims and objectives and in planning our future activities as required under Section 17(5) of the
Charities Act 2011.

Responslbilities of the Trustees
The charity's Trustees are responsible for preparing the Trustees Annual Report and the Financial
statements in accordan￿ with applicable law and regulations.
The law applicable to England and Wales requires the Trustees to prepare Financial Ststements for
each financial year. Under that law the Trustees have elected to prepare the Financial Statements
in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom
Accounting Standards and applicable law). Under company law the Trustees must not approve the
Financial Statements unless they are satisfied that they give a true and fair view of the state of affairs
of the charity and the income and expenditure of the charity for that period.
In preparing these Financial Statements the Trustees are required to:_
select suitable accounting policies and then apply them consistently
observe the methods and prlnciples in the Charlties SORP
make judgments and estimates that are reasonable and prudent
state whether applicable accounting standards have been followed subject to any departures
disclosed and explained in the Financial Statements
prepare the Financial Statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in operation.
The Trustees are responsible for keeping adequate accountlng records that are sufficient to show
and explain the charity's transactions and disclose with reasonable accuracy at any time the financial
position of the charity and enable them to ensure that the Financial Statements comply with the
Charities Act 2011 and Accounting and Reporting for Charities: SORP 2015. They are also
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Audltors
Burgess Hodgson LLP have been appointed as auditors.
Approved by the trustees and slgned on their behalf by:_
MrDPOrr
Mr W E Vernor-miles
21
..2024

ELEANOR HAMILTON EDUCATIONAL TRUST
BALANCE SHEET as at 30th June 2024
2023124
2022123
UNRESTRICTED FUNDS
9.248,144.53 9.110,629.37
There are no restrlcted or endowment funds
represented by:_
FIXED ASSETS
INVESTMENTS at Market Value
8,674,205.26 8,728.389.88
CURRENT ASSETS
CASH
CAF Bank
Raymond James account
Hunters client account
24.420.90
546,047.09
13,490.08
83.636.52
307,528.57
0.00
CREDITORS - Amounts falllng dua wlthln one year
Hunters
Burgess Hodgson
-8,368.80
-1,650.00
-5,925.60
-3,000.00
9,248,14
3 9,110,629.37
Approved by the Trustees on .
and signed on their behalf by .
MrDPOrr
r W E Vernor-miles

ELEANOR HAMILTON EDUCATIONAL TRUST
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30th June 2024
2023124
2022123
Unrestrlcted Unrèstrlcted
Funds
Funds
INCOMING RESOURCES
Investment Income
Fixed Interest (gross)
UK Dividends
Overseas Dividends
Bank deposit interest Raymond James
Bank deposit interest CAF Bank
62,797.00
86,363.67
86,008.19
4,571.47
109.38
71,113.35
86,000.83
84,956.90
734.06
183.60
239,849.71
242,988.74
RESOURCES EXPENDED
Charitable Ex
enditure
Educational Grants
Other Charitable Grants
230,000.00
145,000.00
238.550.00
101,000.00
375,000.00
339,550.00
Mana
ement and Administratlon Costs
Hunters fees for the period to 30 June 24
Burgess Hodgson adjustment to 2022123 examination fee
Burgess Hodgson provision for 2023124 examination fee
Reimbursement of telephone charges - John Vernor-miles
Secretarial service cost - Gloria Taviner
Raymond James management fees
Bank charges
17,733.00
-1,500.00
1,650.00
8.92
4,250.00
30,140.23
76.00
17,265.60
0.00
3,000.00
0.00
4,250.00
30.186.76
87.50
427,358.15
394,339.86
THERE ARE NO PUBLICITY OR FUND-RAISING EXPENSES
Net Incomlngloutgolng resources In the year
-187,508.44 -151,351.12
GAINSILOSSES ON INVESTMENTS
Realised
Unrealised
18,561.59
306,462.01
188,535.65
166,806.36
BALANCE BROUGHT FORWARD
9,110,629.37 8,906,638.48
BALANCE CARRIED FORWARD
9.248.144.53 9,110.629.37

ELEANOR HAMILTON EDUCATIONAL TRUST
INVESTMENTS as at 30th June 2024
Market Value Market Value
@ 3016124
@ 3016123
Income
UK Flxed Interest
$ 1,200,000 Tesco 6.150/. Sn Nts 15111137 US$
120,000
UK (Govt of) 4.125 % Bonds 29101127
Pimco Global Re81 Return Fund
58,314.66
0.00
4,482.34
956,879.17
119,268.00
0.00
939,615.03
0.00
116,550.00
62,797.00
UK Companies
10,800
10,768
40,000
14.000
80,000
Experian Group US$ 0.10
GSK Ord 31.25p
Haleon PIC Ord GBP 0.01
HSBC Holdings PIC Ord USDO.50
Impax Enviro Markets Ord GBP 0.10
Keystone Positive Ord GBP 0.10
Lloyds Banking Group Ord 0.1p
London Stock Exchange Ord GBP 0.06918604
M&G PIC Ord
National Grid Ord 0.12431289p
Prudential Ord 5p
Reckitt Benckiser Ord 10p
Severn Trent Ord 0.9789
SSE Ord 50p
Standard Chartered Ord US$O.50
Unilever Ord 0.031111
4,729.53
6,245.44
807.60
0.00
3,680,00
198.00
8,280.00
0.00
9,850.00
14,890.67
2,705.55
5.775.00
3,324.90
14,909.00
4,336.78
6,631.20
398.088.00
164.696.56
129,040.00
95.746.00
310,400.00
0.00
164,220.00
75.200.00
163,200.00
297,815.72
117,817.60
0.00
71,400.00
304,215.00
0.00
195,525.00
325,944.00
149,545.98
43,374.85
0.00
328,000.00
92,840.00
130,770.00
0.00
95,700.00
271,820.22
181,794.00
177,360.00
76,980.00
312,970.00
136,600.00
184,387.50
300.000
800
80.000
33,743
16,400
3,000
17,000
4,500
86,363.67
Overseas Companies
200
26,000
2,400
500
2,550
7,300
Adobe Inc
AIA Group Limited NPV
Alphabet Inc Cap Stock "C. Class
Amazon Com Inc Com USD 0.01
Apple Inc Com NPV
Australia & N8w Zealand Bank Group NPV
Bayer AG NPV
Becton Dickinson & Co Com US$1
Caterpillar Inc Com USD 1
CDN National Railways Com NPV
Deere & Co Com USD 1
Emerson Electric Com US$O.50
EssilorLuxottica
Estee Lauder Com US$O.01
J P Morgan Asian Investment Trust
Jardine Matheson US$O.25
Johnson & Johnson Com US$1
Kering EUR 4
L'oreal Ord. é0.20
0.00
4,215.82
318.54
0,00
2,215.28
6,731,05
0.00
1,988.87
0.00
1,091.97
1,857.06
3,066.67
2,296.18
988.56
6.120.00
6,576.06
4,159.44
2,851.99
1,890.02
87,919.98
139,624.90
348,337.47
76,459.56
424,993.27
108.913.78
0.00
147,948.15
63,259.85
140,187.89
147,827.08
191,773.62
156,940.95
0.00
150,400.00
102,802.29
150,353.71
91,839.42
152,971.30
76,960.24
206,422.73
228,468.00
0.00
549,507.38
90.624.12
61,187.68
166,206.05
0.00
0.00
159.428.22
156,487.46
136,267.06
115,903.08
140,000.00
146,358.71
169,328.59
138,841.50
161,266.63
800
240
1,500
500
2,200
920
40.000
3.672
1,300
320
440
Carry forward
46,367.51 6,246,064.27 6,267,509.03
10

ELEANOR HAMILTON EDUCATIONAL TRUST
INVESTMENTS as at 30th June 2024
Overseas Companies cont'd
Carried forward
46.367.51 6,246,064.27 6.267,509.03
400
1,600
220
Mets Platforms Com 'A"
Microsoft Corp Com US$O.00000625
Moodys Corp Com USD 0.01
Paypal Holdings Com
Pepsico Inc Cap US£O.016666
Pinterest Inc Com USD 0.00001 CL
Procter & Gamble Com NPV
Roche Holdings AG CHF1
Royal Bank of Canada Com NPV
Stryker Corp Com USD 0.10
Th8rrno Fisher Scientific Com USD1
Unlon Pacific Corp Com USD2.50
Verizon Communications Com US$O.10
Visa Inc Com Stk USD 0.0001
Walt Disney Com US$O.01
199.71
5,301.86
123.09
0.00
1,871.59
0.00
6,661.90
6,088.81
7,069.24
1,371.89
288.31
697.34
9,765.88
110.06
91.00
159,596.12
565,875.89
73,278.21
0.00
71,780.19
0.00
339,303.97
267,545.23
252,608.76
177,698.74
131,277.00
143,231.99
179,483.12
66,461.77
0.00
135,500.02
803,944.10
0.00
105,023.77
80,165.41
38,726.43
310,463.03
286,527.17
225,619.69
158,455.88
123,174.32
0.00
160,962.73
0.00
32,318.30
550
2.600
1,110
3.000
660
300
800
5,500
320
86,008.19 8,674,205.26 8,728,389.88
Market Value at 301612023 of investments sold
Cost of investments purchased
-1,457,122.83
1,096,476.20
Adjusted market value
Market Value at 301612024
8,367.743.25
8,674,205.26
UNREALISED GAIN to 301612024
306,462.01
11

ELEANOR HAMILTON EDUCATIONAL TRUST
INVESTMENT CHANGES in the year to 30th June 2024
AcouismoNS
li
Cost
2110212024
800.00 Union Pacific Corp Com USD 2.50
2110212024
1.500.00 CDN National Rallways Com NPV
1510512024 120,000.00 UK (Govt OQ 4.125% Bonds 29101127 GBP 1000
1510512024 30,000.00 M&G PIC Ord GBP 0.05
1510512024 14,000.￿ HSBC Holdlngs PIC Ord USD 0.50
1510512024 26,540.00 Haleon PIC Ord GBP 0.01
1510512024
320.00 Visa Inc Com Stk USD 0.0001
1510512024
5W.00 Amazon Com Inc Com USD 0.01
1510512024
220.00 Moodys Corp Com USD 0.01
1510512024
240.00 Calerpillar Inc Com USD 1
1810512024
800.00 London Stcd Exchange Ord GBP 0.08918604
0610612024
7,619.00 Natlonal Grid Ord 0.12431289p (Rights18sue 7 for 241
159,071.17
154,130.95
121,601.70
62.676.53
99.584.27
88.273.23
72,012.67
74.402.97
72.527.01
69,184.10
73.869.05
49,142.S5
1,096.476.20
30th
Sale Proceed8 June 2023
DISPOSALS
Galnllos•
2110212024 44,000.00 Keystone P081tive Ord GBP 0.10
2110212024
1,400.00 Bayer AG NPV
2110212024
2,000.00 Paypal Holdings Com
2110212024
700.00 Appl8 Inc Com NPV
2110212024
1,100.00 Microsoft Corp Com US$O.00000625
2110212024
460.00 Wall Dlsney Com US$O.01
1510512024 20,OCH).00 Standard Chartered Ord USSO.50
1 $10512024
3,000.00 Reckltt Benckis¢r Ord 10p
1510512024
200.00 Mela Platfoms COM'A"
1610512024
300.00 Mlcro80ft Corp Com US$O.00000625
1510512024
350.00 Apple Inc Com NPV
1510512024
1,800.00 Pinlerast Inc Com USD 0.00001 CL
15m512024
750.th) Estee Lauder Com US$O.01
1510512024 15,000.00 Plmco Global Real Retum Fund
95,878.43
92,840.00
3,038.43
33,988.54
61,187.68 127,199.141
90,706.65
105.023.77 (14,317.12)
99,324.40
106,848.66
(7,524.261
345,864.09
294,779.50
51.084.59
38,877.87
32,318.30
6,559.57
154,927.70
136,600.00
18.327.70
136,313.79
177.360.00 141,046.21 }
74,057.67
45,186.67
28,891.00
97,853.23
80,394.41
17,458.82
51,404.97
53,424.33
(2,019.36)
59,255.39
38,726.43
20.528.96
78,981.07
115,903.08 {36.922.011
118,250.62
116,550.00
1 700.62
1475,684.42 1,457 122.83
18,561.59
12

ELEANOR HAMILTON EDUCATIONAL TRUST
Notes to tho Flnancial Statements for the year ended 30th June 2024
ACCOUNTING POLICIES
Basis of accountin
In preparing the Accounts the charity follows best practi￿ as laid down In Accounting and Reporting
for Charities: SORP 2015. Historical cost accounting rules have been applied in all InStan￿S ex￿pt
for the valuation of investments.
Jud
ements and Ke
Sources of Estlmatlon Uncertalnt
The preparation of the financial statements requires management to make judgments, estimates and
assumptions that affect the amounts reported. These estimates and judgments are continually
reviewed and are based on experience and other factors, induding expectstions of future events
that are believed to be reasonable under the circumstances.
Flnancial assets held at fair value
Investments are initially recognized at their transaction value and subsequently measured at their
fair value as at the Balance Sheet date using the closing quoted market pri￿. Any corresponding
gain or loss on this revaluation is shown in the Statement of Financial Activities for the year.
The fair value of the Ilsted Investments at 30th June 2024 was £8,674,205 {2023: £8,728,390).
Goln
Concern Pollc
There are no material uncertainties about the charity's ability to continue as a going concern.
Fund Accountin
Polic
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's
purposes.
Investment rlsk dlsclosures:
The main risk to the Charity from financial investments lies in the combination of uncertain investment
markets and volatility in yield. The yield on bonds has in recent years been abnormally low, leading
the trustees to seek higher Income yields from equities. The Charity is however reliant on capital
appreciation to financ8 its work, the income generated being Insufficient to meet its commitments.
This leads to a greater exposure to international companies the values of which, together with thelr
yield, are exposed to exchange rate risk when converting the holdings into sterling.
The Charity's investments are mainly traded in markets with good liquidity and high trading volumes.
The Charity has no material investment holdings in rnarkets subject to exchange controls or trading
restrictions.
The Charity manages these investment risks by retaining expert advisors and operating an
investment policy that provides for a high degree of diversification of holdings within investment asset
classes that are quoted on recognized stock exchanges. The Charity does not make use of
derivatives and similar complex financial investments as it takes the view that investments are held
for their longer term. At the year end the investments were in the following sectors:_
2024
£1,076.147
£2,487.364
£5,110.694
£8,674,205
2023
£1,056,165
£2,508.087
£5,164,138
£8,728,390
UK Fixed Interest
UK listed equities
Overseas listed equities
TOTAL
13

Income
The Trust income is derived from its investment portfolio. The Trust is not involved in fund-raising
or publicity.
Resources ex
ended
Expenditure is included on an accruals basis.
Expenditure is recognized on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the ststement of financial
activities to which it relates. Expenditure of charitable activities includes all costs incurred by the
charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries,
including those support costs and costs relating to the govemance of the charity apportioned to
charitable activities.
Stsff costs
The average head count of employees during the year was O (2023: Nil). No employee received
employee benefits of more than £60,000 during the year (2023: Nil). This employee and key
rnanagement personnel figure does not include the Trustees appointed and in position during the
year.
Related Pa
Transactions
No trustees received remuneration, expenses or benefits for the year.
Mr W E Vernor-miles is a partner in the firm of Hunters Law LLP who received fees totaling £14,778
in the year exduding VAT (2023: £14,388). Mr D P Orr is a member of the fimi Raymond James
who were the Trust's Investment Managers and received management fees of £25,117 in the year
excluding VAT {2023: £25,156).
14