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2024-04-05-accounts

Old Bancroftians’ Association Sixth Form Scholarship Trust Trustees’ Report for the year ended 5 April 2024

The Trustees present their Report and Accounts for the year ended 5 April 2024.

The Accounts have been prepared in accordance with the accounting policies set out in Note 4 to the Accounts and comply with the Charity’s Trust Deed, the Charities Act 2011 and the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ issued in March 2005.

Structure, Governance and Management

The Charity is governed by a Charitable Trust Deed dated 18 February 1993.

The Trustees who served during the year are: Mr.A.L.Kodish (Treasurer) Ms.Z.Mather Mr.D.J.Moore Mr.A.Pop (Secretary) Mr.M.J.Sumner

The Charity’s Deed stipulates that not less than three and not more than seven Trustees shall be appointed by the President of the Old Bancroftians’ Association for the time being, after consultation with the Committee of the Association. New Trustees are provided with a copy of the Trust Deed, the latest Report and Accounts and copies of Minutes of recent Trustees’ meetings. All Trustees are appointed on the basis of their experience and knowledge relevant to the Trust and of Bancroft’s School. The Trustees include in their number professionals of different disciplines as well as lay people with relevant experience.

Trustees’ meetings are usually held twice each year. Trustees appoint one of their number to act as Secretary and comply with their statutory administrative duties and another to act as Treasurer and monitor the performance of invested funds held in accordance with the Objects of the Trust.

The Trustees acknowledge the relationship with the Old Bancroftians’ Association and Bancroft’s School.

The Trustees have identified the risks to which the Charity is exposed and are satisfied systems are in place to mitigate exposure to those risks.

Objectives and Activities

The Charity’s objectives are to hold the Scholarship Fund and income thereof to further the education of pupils at Bancroft’s School. Scholarships or bursaries may be awarded or grants made to eligible children to assist with fees for education in the Sixth Form.

The Trustees achieve their objectives primarily by meeting one half of the fees of Sixth Form pupils.

Public Benefit Statement

The Trustees have complied with their duty under Section 17 Charities Act 2011 to have regard to the guidance published by the Charity Commission.

Achievements and Performance

The nature of investments, relationship between cost and market value and investment income of the Scholarship Fund established by the Trustees is set out in Note 1 to the Accounts. The Fund has been built up from individual donations, grants and fundraising activities.

In the year to 5 April 2024 the Trustees have been able to meet their responsibilities by supporting three pupils in the Sixth Form and the Trustees are pleased to report:

Scholar 1 (September 2022 – July 2024) - Medicine – Queen’s University, Belfast Achieved A Levels: Biology – A Religious Studies – A Chemistry – A*

Miss Helen Prescott-Morrin, Head of North House

Scholar 1's Sixth Form has been a resounding success story. An excellent student academically, all of their teachers have praised their strong progress. Highly committed and incredibly personable, their determination and diligence were rewarded by success through the UCAS process, through gaining then confirming an offer for Medicine at Queen's Belfast. As a Bancroft’s scholar with outstanding interpersonal skills, Scholar 1 quickly fitted into school and took advantage of a range of experiences. They have shown incredible resilience, strength and an ability to react to unpredictable challenges. In furthering their ambition to become a doctor, Scholar 1 showed a great deal of commitment and enthusiasm for extending their knowledge and understanding of Biology by attending a wide variety of lectures in their own time, including several by Professor Chris Witty and Professor Imogen Goold. They completed MOOC courses in human anatomy, and lifestyle treatments on chronic diseases, and attended a Cambridge Medical Masterclass and a webinar by Future Frontline ENT on paediatric hearing loss. They gained work experience shadowing a GP and practice nurse at Dr Aru’s surgery, and a doctor in a maternity ward at Bart’s Hospital. They developed their interest in cardiology during heart dissection, where they were able to articulately discuss the function of the structures dissected. Doing a CPR and First Aid course helped them to complete her Bronze and Silver Duke of Edinburgh’s award and they enjoyed rising to the challenges of the NCS challenge. As Head of Charity for North House, they built on voluntary work at Barnardos and ELHAP, a care centre for children with disabilities, and helped to organise a highly successful James Bond themed Family evening in L6th, raising over £4000 for charity. Scholar 1 is a delightfully warm and engaging student who will be a great asset to their university and future employer. I have enjoyed teaching them Chemistry and being their Housemistress; they will be sorely missed in North House. I wish them the best for what lies ahead and hope that success and happiness are at the heart of their future.

Scholar 2 (September 2022 – July 2024) - Mathematics – Durham University Achieved A-Levels: Maths – A* FMaths – A Physics – A Economics – C

Scholar 2 has been an outstanding member of our community and has enriched us all with their determination and willingness to get involved in the life of the school.

Mrs Lucie Coyne, Head of West House:

Scholar 2 is an incredibly impressive student, having settled into the Sixth Form at Bancroft’s School with much positivity despite having no prior experience of the UK education system. They adapted to the challenge of their A Level subjects (alongside their Ukrainian exams during the Lower Sixth year) and it was soon clear that they were a true academic, taking enjoyment in developing their understanding far beyond the syllabus. They are an extremely hard-working and driven student, who has shown enthusiasm, curiosity and utter focus throughout their studies. They have not only had to overcome learning in a different language but also presents with speech dysfluency (evident both in their native language and English). Nevertheless, their confidence has grown enormously and they have given presentations within their academic lessons on topics such as Rocket Refuelling and the Climate Change effects of Lightning, as well as presenting in House Assembly to over 200 students about their experience running the Manchester Marathon in April 2024, raising money for the charity Sense as they wanted to give back something to the UK. Scholar 2 is mature beyond their years and has become fiercely independent, managing their studies whilst establishing a life for themself in the UK.

Mr Chris Atkinson, Head of Sixth Form Mathematics:

Scholar 2 is a wonderful student and possesses a real passion for mathematics and learning. Their work ethic is outstanding and they leave no stone unturned in their pursuit of total understanding of the material they study. When they initially arrived from Ukraine, despite having to adapt to a markedly different curriculum and a new language, they amazingly cemented their reputation as one of the best Mathematicians in their year group. They have overcome these not insignificant challenges with admirable character and has made significant progress from their already excellent starting position. Their passion for Mathematics, and their mathematical abilities, are beyond doubt. Their achievements include:

They are truly a pleasure to teach owing to their deep interest in the subject, desire to learn and highly mature ability to respond to feedback. Their interest in the subject goes far beyond the curriculum as demonstrated by their reading of several popular Mathematics books and completion of multiple MOOCs independently. I have no doubts that they will grasp with both hands the opportunities that are available for their studying Mathematics at Durham.

Scholar 3 (September 2022 – July 2024) - Mathematics – University of Warwick Achieved A-Levels Maths – A FMaths – A Econ – A*

Mrs Lucie Coyne, Head of West House

Scholar 3 is a most delightful student, whom I have very much enjoyed getting to know during their brief time at Bancroft's School. I cannot stress enough how impressed I am with how positively they settled into the school, not only as a new student in the Sixth Form, but as a student with no experience of UK education, yet they have taken on the challenge of A Levels (alongside their own home exams last year) and done so with huge success. I cannot imagine how difficult it must have been adapting to a completely new system, far from home and with no family around them, but Scholar 3 has demonstrated such resilience and determination. It has not always been easy for Scholar 3 and there have been difficult times but they are phenomenally strong; they should be so proud of their achievements. In their studies, they have displayed a formidable work ethic, with a superb level of accuracy and attention to detail. I know that it was perhaps a difficult decision for Scholar 3 not to continue with History, especially given their teachers spoke so highly of them - one of the most exceptional students in their class in the Tsarist and Communist Russia module. The teacher of this module was certainly kept on his toes as Scholar 3’s knowledge was so developed! Scholar 3 is mature beyond their years and so fiercely independent but has never been afraid to seek support when needed which is such a valuable attribute. I have always enjoyed hearing about their various "day trips" to places all around the UK that I am sure many of their fellow students have never visited! It was so lovely hearing them talk in the final U6 assembly, with such warmth. It has been a privilege to have Scholar 3 as a member of West House and within the school. I hope they can look back at their time at the school and within the House fondly and I wish them all the very best at university and beyond - just remember to keep calm!

The Trustees continue to seek opportunities to increase the Fund through grants and donations from alumni and individuals and organizations associated with the School.

Declaration

The Trustees declare that they have approved this Trustees’ report.

Signed on behalf of the charity’s Trustees

Signature Full name Adam Louis Kodish Position Treasurer Date 28 January 2025

OBA Sixth Form Scholarship Trust Receipts and Payments Accounts to 5 April 2024 and 5 April 2023

RECEIPTS
2024
2024
NOTE
2023
2023
NOTE
Income from Investments
COIF Dividends Received
8,249
1
8,515
1
Donations Received
Gift Aided Donations
1,204
2,004
Other Donations
10,030
4
11,280
4
Gift Aid receipt from HMRC
501
541
11,735
13,825
Profit on Sale of Investments
COIF Fixed Interest Fund
0
-3,751
2.1,2.2
COIF Investment Fund
8,539
2.4,2.5
Cost of Sale of Investments
COIF Fixed Interest Fund
0
50,254
2.1,2.2
COIF Investment Fund
10,161
2.4,2.5
Total Receipts
38,684
68,842
PAYMENTS
Bancroft's School
-41,173
3
-30,419
3
Purchase of Investments
COIF Investment Fund
0
-36,502
2.3
Total Payments
-41,173
3
-66,921
3
Net Incoming (Outgoing)Funds
-2,489
1,921
Bank Balance Brought Forward
10,334
8,413
COIF Investments at cost
149,952
160,112
Total
160,286
2
168,526
2
ClosingBalance
157,797
170,447
FUNDS IN HAND
COIF Investments at cost
149,952
1
160,112
1
Bank Balance Carried Forward
7,846
10,334
Grand Total
157,797
170,447

OBA Sixth Form Scholarship Trust Receipts and Payments Accounts to 5 April 2024 NOTE RECEIPTS Income from Investments COIF Dividends Received 8,248.91 Donations Received Gift Aided Donations Other Donations Gift Aid receipts from HMRC 1,204.00 10,030.00 501.00 11,735.00 Profit on Sale of Investments COIF Investment Fund 8,539.35 2.4,2.5 Cost of Sale of Investments COIF Investment Fund 10,160.65 2.4,2.5 Total Receipts 38,683.91 PAYMENTS Bancroft's School -41,172.66 Purchase of Investments COIF Investment Fund Total Payments 41,172.66 Net Receipts (Payments) -2,488.75 BALANCE SHEEf AS AT 5 APRIL 2024 BANK ACCOU At 6 April 2023 Current Net Receipts (Payments) At 5 April 2024 Current 10,334.37 -2,488.75 7,845.62 INVESTMENTS COIF Investments at cost at 5 April 2024 149,951.83

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CL £L QS

Old Bancroftians, Association Sixth Form Scholarship Trust Independent Examinerys Report I report to the Trustees on my examination of the Accounts of Élle Old Bancroftians, Associatioii Sixth Form Scholarship Trust for the year ended 5 April 2024, which are set out on pages 3 to 5 of the Charity's Trustees, Report for the year. Responsibilities and basis of report The Charity's Trustees are responsible for the pi'eparation of the Accounts in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of niy examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carryiiig out my examination I have followed all the applicable Directions given by ihe Charity Commission under seclion 14515)(b) of the Aet. Independent Examiner's Statement I have completed my examination. I confirm that no inaterial matters have come to my attention in connection with the examiiiatioii giviiig Inc cause to beltevc that in aiiy inaterial respect.. l. Accounting records were not kept in respect of the Trust as required by section 130 of the Act- or 2. The accouiits do not accord with those records. 3. Ilie accounts do not comply witli the applicable requirements concerning the forni ￿]d coiitenl of the accouiits set out in tlie Charities (Accouiits and Reports) Regulations 2008 otlier Iliaii aiiy requirement that ihe accounts give a 'true and fair view which is not a matter considered as pait of an independent examii)ation. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Signc Name: Michael Watts Relevant professional qualification or body: FCCA CTA CF Address.. 5 Devon Close. Buckhurst Hill, Essex IG9 5LF Date- 211.,Izs