Trustees’ Annual Report for the period
From 01/06/2020 To 31/05/2021
Charity name: Old Bancroftians Educational Development Fund
Charity registration number: 1124893
Objectives and Activities
| Objectives and Activities | |
|---|---|
| Summary of the purposes of the charity as set out in its governing document |
To provide financial assistance in the form of grants to current or former pupils at or of Bancroft’s School and at their discretion any other persons with a Bancroftian connection who are in need of such financial assistance to promote their education training or advancement |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
The charity restricts its activities to the giving of grants in furtherance of its objectives. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
They have. |
Achievements and Performance
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Fourteen grants were made during the year, of which three are to be repaid as the coronavirus has led to the events supported being cancelled. |
|---|---|
Financial Review
| Financial Review | |
|---|---|
| Review of the charity’s financial position at the end of the period |
The charity’s assets continue to be sufficient to likely generate sufficient annual income to fund its grants. The charity does not make long term (exceeding one year) commitments. |
| Statement explaining the policy for holding reserves stating why they are held |
The Trustees have elected not to have a reserves policy. |
| Amount of reserves held | |
| Reasons for holding zero reserves | |
| Details of fund materially in deficit | Not applicable |
| Explanation of any uncertainties about the charity continuing as a going concern |
There are no material uncertainties. |
Structure, Governance and Management
Description of charity’s trusts: Type of governing document Trust deed. (trust deed, royal charter) How is the charity constituted? Unincorporated association (e.g unincorporated association, CIO) Trustee selection methods including details of any constitutional provisions e.g. election to Elected. post or name of any person or body entitled to appoint one or more trustees
Reference and Administrative details
| Charity name | Old Bancroftians Educational Development Fund |
|---|---|
| Other name the charity uses | None |
| Registered charity number | 1124893 |
| Charity’s principal address | The charity has no premises. Its secretary’s personal address is registered with the Charities Commission. |
Names of the charity trustees who manage the charity
Dates acted if not for Name of person (or body) entitled to Trustee name Office (if any) whole year appoint trustee (if any) This information is all available from the Charities Commission website
– Corporate trustees names of the directors at the date the report was approved
None
Name of trustees holding title to property belonging to the charity
None
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects None Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s)
Full name(s) Christopher Butler Position (eg Secretary, Chair, etc)[Secretary ]
Date 2nd December 2021
| N | CON'E AHDEXPEhIDITUREACCOUN | T | ||
|---|---|---|---|---|
| Fortlpvearerxiled 31kv202{ | ||||
| 202S E |
IHCqfiE | za21f | ||
| Donations | ||||
| 2,1ffi | Donatio*s | 825 | ||
| 1,ffii | Monies due frurn OB,4 | 1,343 | ||
| 81 | GiftA[dta:rrefunds | 8t | ||
| Retuned awards | 7,719 | |||
| 3,584 | Totaldoratbns | 9,968 | ||
| 18,777 | DivfoIerdson inres*rnents | 18,505 | ||
| o | lnterest | 4 | ||
| 2?",379 | Total irpome fortreymr | 20,477 | ||
| EfPEilDMJRE | ||||
| 2.270 | Grantstopupilsat the Scfrool | 1,050 | ||
| 760 | Grantsto OB's | 20,5ffi | 21,55$ | |
| 61 | Surdry$rtc.bank fees) | 56 | ||
| 3,$S{ | Toblexpnditrrefortheyear | -Z{,'6oc | ||
| 19.279 | SurplusI{deftcit}fortheyear | 6,871 | ||
| 14,W | Balaraeoffurdat last yearerd | 23,623 | ||
| -10.000 | Transfertoeperdedirpome | -10,m0 | ||
| 23,623 | Balarrceof fundatyearend | 20,194 |