## **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
##
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||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|
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