Ref. CIAM>3856
THE HANCOCKS TRUST
REPORT AND FtNANCIAL STATEMEiYrs
For the year ended 30th SeplembÈr 2024
LUDLOW TRtiST COMPANY WONDONI LIMtTED
I SOUTHLMwfoN STREET
LONT)ON
WC2R OLR

THE HANCOCKS TRUST
CONTE.NTS
Page
Trustees, Annua] Report
Independent F.xamineVs ReF
Statement of FiEoncial Activities
Balance Sheet
Notes to the Financial Ststements
7-10

THE HANCOCKS TRusr
TRUSTEES, ANYLAL REPORT
FOR THE YEAR ENDED 30TH SEPTLMBER 2024
Referenet and administrnlive iDforniatiti
Founders
James Carl Hancocks
Antonia Rachel Ha￿￿kS
Dat¢s of De¢ds
Declaration of Tn￿t- 30th NovembeT 2010
Trustees
James C￿[ Hancocks
Antonia Rachel Hancocks
The ￿Wer to renkove and to apw)ini new or athjitioual Tn]stees is v¢sied in the Truste¢s.
Nature of Trust
A registered charity with the Charity Commi&8ioners for England and Wales (Ch¥rtty nurnb¢r 1140553)
Registered Office
Llldlow Trust Company Limited
Tower VTharf
Cheese Lane
BTi5tol
BS2 OJJ
Bankers
C. Hoare & Co.
37 Fleet Street
London
EC4P 4tK2
Custody Portfolio
Canac¢ord Genuity Wealth Management
41 Lothbury
London
EC2R 7AE
Independent Examiners KJF Accounting Ltd
17 Sheritigb8￿ Avenue
Southgate
London
N144UB

TFIE HANCOCKS TRL
TRLsfEES' ANNUAL REPORT tont.
FOR THE YEAR ENDED 30TH SEPTEMBER 21124
RepDrt of the Trustets for tht year ended 30th September 2024
The Tntstees present their rep)rt a]ong with the flnancial statemetts of the charity. for the >ear ended 30th SeptemEcr 2024.
The financial statements have been prepared in accordaDce ￿1th the ae£owiting wli¢ies set out on pages 7 and 8 and Comply
with the charitys Declaration of TrusL the Charities Act 2011 and the requirements of the Stsemeni of Re¢ommended Pra¢ti¢e
applicable to ¢harities preparing their acc(Mmts in a¢￿daNCe %%ith the FinaJLcial Rqx)rting Standard applicable in the UK and
Republic of Ireland.
StnICtu￿ Governance attd M
ent
The Charity. wa5 e5tabli5hed b). a Declaration of Tr￿￿1 d2ted 30th Novtmkr 2010 by its foundeT* J3rne5 Carl Hancocks and
Antonia Rachel Hancocks. The Declaration of Tnjst T¥)¢ restrict orexclude the exercise b%. the Trnstees of tPLe powers
giv¢T) by the TTusiee Act 21MX) &5 regards invcthety the aquisiti￿ ¢Kdisww] of land the ernploiThent of agen
nominees and Custodians.
Ob'ectives and Activitie5
The T￿￿tte$ tnU5t apply the illcotne of the aRrity ￿ suth c]]aTitie50r su¢h charitable PUT￿seS as the Tn￿ttts at their
discretion each year lor more freqllent]y) s¢le¢t. Th¢ words ¢barit4bll and burEK)se' have the meanings gtven to thtm in tht
Charitie5 Act 2011. At their di5crelioL the Tnjstees may spend 211 or p3rt of the tapitsi of the Charity in fi￿￿erIng the objects.
Grant makin
The annlla] irtcome from the Charity and sometimes its capital are ￿ to Way the annuaI charitable grants and expen5e& The
Trustees de¢tde what they Mish lo make in accith with thc obJ￿tiveS and activtties p)lÉcy set out alx)ve.
As reqllired bj" the Chariti&8 Act 2011: the TTusfv have referred to the Charrh. Cojnmission's general gui(1gn¢e th public
benefit when forn)lllaiing the grant maksng poli￿. In particular. the Trustee5 consider h￿V grants can be made to ¢nsttye
m￿lmuJ￿ benefit floiv5 through to the intended EeDeficiari¢s. The benefit a nwDbErof public cause& as detailed in
note 4. In shaping their objectiTres for the }'ear and planning their acttyities: the TrusLees hav¢ considered the CIMrity
C￿Tn￿]SSion's guidance'publsc benefit.. nJrtThing a charity IPB2)""
Achievements and Perf0M￿Ce
The activities of the Charity remain &&isfactory and the objects of the cl￿]￿ were achieved during the *eaF. All the funds of
the Chartty are considered to foTtn part of one UtLre5tricted Trun￿ which ma) be used for the geneTa] furtherance of the Charit)'s
objects. The Trustees are satisfied that the Charity's aksets are available and adequate ￿ fllifil Ihe obligations of the Chatity.
Financial
Total unrestricted incomt rectived during the year am¢)urtt￿ lo £31:880 {2023.. £32.198). Total unrestricted expenditure, including
grants amounted to £3.3(K> {2023.. £333.720}. Ik)nations totalling £nil {202i- £250.IXKI) Ivere ￿￿tIN.¢d in the Expendable Enthwment
Fund during the )'ear. The net intfloM' of funds after iDTr'e5Èmen[ uain5 arnOU￿e￿ to £165,939 {2023: ttet outflow of £64.9671. The
fituncial statetments for the yvdr a￿ sel ¢wt in pa8es 5 to 10.
Risk Mana
ent
The Trustees have assessed the major risks to ivhith the Charity is in particuior tIMTrse rel&tsJ to the (yeration and
finances of the Tru5¢ altd are 5ali5fied that si&ems are tn place to mana8e thes¢ major risk&
Goi
Concern
The Tn￿￿eeS have concluded that there 15 reasoTLable ex￿tatIOn the charity h&8 adequate Tex)ur¢es ￿ continue in operational
existence for the foreseeable future. The chariti. the￿r0[¢ Continues to adopt the goin8 concern basis in preparing its f2nan¢ial state7nen
Investment Poli
. artd Pttfoman¢e
Jn accordance M'ith the De¢laTa¢t¢)n of TnsL the Trustees haN'e the wwer to inV￿t in such shares, In￿estments and
pro￿rty as the) See fit. Majority of the Ch&itys cash de￿￿lts are invested and held c￿ all execution only accounL
The Trnstees are effe¢tively a¢ting as the Charitys invethient
ReseNes Poli¢v
According io the Charity Commtssionerfs guidance upjate in their STa*Tnent of Recotnmended Practice: Aco)unting and Retthing
b). Challtie5 re￿Sed in January 2019. the Clwity5 expendable eDdownent is not consider￿1 part of the Charitys free reserves.
Ilowever. this endownent is a considergble sum 9￿d the eapitai ￿ be used at the discretion of the Trustees to fund any
Ikficit on expenditure. li is thereforE the vte* of the Trustets that the ChaTity d(￿5 need to hold any additional money in reserve.
At th¢ ytrar end tota] funds ivere £2,190,02412023" £2,024,08il aDd a]1 hdd the &xpendible endowm&rt fi￿d.

THE HANCOCKS TRUST
TRUSTEES. ANNUAL REPORT cont'd.
FOR THE YEAR Ef4DED JOTH SEPTEIIIBER 21124
St4tement of Tru$tses' responsibilities
The trustees are responsible for prepariug th¢ R¢FrfTrrt of the Tntstees and the fillaltciai ststeItieiits in accordance with
applicable law and Untted Kingdom Generally Accepted Accounting Practice (United KÉtigdom Accouniing Standards}.
The law applicable tt> charities in England 2nd Wales requires the knjstees to prepare financial statements for each financial
year that (Five a true and fair ￿e￿ of tlLe state of affairs of the charity and of the incomino resources and application of
Te50urces, of the cbaTity foT that period. ID pryatiDg those financial statements. the Trustres ate required to."
select suitable accounting y)licies and then appty them con5islentty"
observe the methods 8nd principles in the Cbarthcs SORP
make judgements and estimates that are reasonable and prudent"
state whether applicable accounting sthndaTds have been folloMtiL subject to any rnaterial departtwes
disclosed and explained in the financial statemeiits.
prepare the f￿ancIal ststem¢nts on a going concern b&sis unless it is inappropriat¢ to PT¢5Utne that the
charity will ¢ontinu¢ in busine￿.
The Trust¢¢s aT¢ r¢sponsibl¢ for k¢¢psng adequate accouniing record8 that ate %utr)cieni io show and explain the charitys
tran￿¢tiOnS, disclose with r￿Onable accurdcy at any lime the financial position ofthe charity and to enable them to ensure
that the finallcial staternenls ctsrnply with the Charities Act 2011, the Charities (Accounts ana Reports) Regulations 2008 and
the provisiot]s of the chariws constituiiotL
They are also responsible for safeguarding the assets of the charity and hence for raking reasonable steps for the
prevention and detection of fraud and other irregularities.
Approved by the Trustees on:
8Th1 signed on their behalf by:
.. Tn￿ee

whlch ate 5eto¥t onpYgr5 5 ￿ 10.
the(Jarth&% Act 2011 A
I1¢p￿rtIo les￿ of Thy ofthetsitys &xxryJtys(xrial (¥rtw￿ScUWA1 145 ofthe2011 ArtaDd IB
sectiDn 145(5XTrJl oftrArL
NT44U

THE HA)COCKS TRITST
STATENIENT OF FLYLNCLiL.4CTIVtTIES
FOR THE ￿￿￿ED30TH SEVfEMBER 2024
-Ut￿eS￿¢ted Futtds-
Exp¢nda)l¢
Toral
Expettdabk
E*doNmeDt
Ttstsi
FuDd5
2024
IDtomt
24)
Incomt 2nd Expendttu
'COME
Donatioos
vesttnent income
250.1)00
250,000
32.198
2S2.198
31080
Ji
31,880
31,880
32,198
32.198
TOTAL INCO1￿￿
250.IX)O
KXPENI DITURE
Costs of I￿$]ng fijnls
ILvestttt¢ni manag¢ll￿nI Fe£s
Chzritable activitil
TOTAL EXPENDITLRE
400
400
333,720
334.120
3JOO 333.720
S.7￿ )33.720
400
NF,T (LXPENDITURE)l￿leoME
(4￿)
2&180 1301.5221
249,600
(51.9221
Net gain￿{lOSses) on ittvtsbnents
137,759
137.759
13,045)
13.0451
NET INCOMEIIEXPENDITtJREI
137J59
16S939 (301,5221
236,555
164.9671
TrattsFth5 behNEcn fu]ths
301,5221
NET MO￿T￿l￿NT IN FUNDS
137J59
165J39
164.9671
164,967)
REC.ONCIt.TATION OF FtINDS
TotaI funds brought fonN'wd
2.02Q085
2,024,085
2.089.052
2.089,052
BALANCES CARRIED FORW'ARD
28
2.161.444
2,IYI,024
2.024.085
2 024 085
All amounts ￿]&￿¢ to contiuuing xllviiie5. AU recogt)i5edgall)s atyj lo￿5 &e itt¢iuded ill d* Stsk[￿t0rFlD￿￿C]aI Aaivioes.

THE HLNCOCKS TRUST
BALANCE SHEET
AS AT 30th SEFtEMBER 2024
Noks
2024
2023
FIXED ASSETS
tnveslments
2,OW52
1,911,928
CURREYI T ASSETS
Debtors
Cash ￿ Ballk
50,000
65,517
115,517
13S732
135,732
CURRENT LIABILrrILS
Creditors~ falling due within one year
io
4560
3.360
NET CURRENT A&SETS
131,172
112,157
NET ASSETS
2,190.024
2,024,085
UNDS
Expendable Endowrnent
2,190,024
2,024,085
Approved by the Trustees ajkd authorised for issue o
and signed on theirbebalf by:
Date
Trus

THE EW*COCKS TRUST
NOTES TO THE FINLSCIAL STATEMENTS
FOR THE YEAR Ef4DED 30TH SEPTEMBER 2024
l AccouiYfiNC POLICIES
(a) BaSTS of Preparation
I'hese financial statetnents are Prepar￿ on a goiTrg concern ba5i8 underthe historical cost convention.
The financial thtements have been prepared In 2¢¢ordan¢e with the Fin￿)¢12] Reporting Standard appli¢able in the UK
and Republic of Ireland IFRS 102). The Chartty is a public benefit entiry for the pUr￿)seS of FRS 102 and therefore th¢
Charity also Prepared its financial siatements in accordartce Bith the Ststrment of Recommended Practice applicable to
Ch￿itieS preparing their accounts in accorda)￿e with the Financial Reponing Standard applicable in the UK and Republic
of treland (The FRS 102 Charitie5 SORP) and the Charities Act 2011.
The fmancial statements are prepared in st¢rlin&. which is th¢ fijnctional currency of the c]Mity. Monetary amounts ID
these f]nancial statements are rounded io the nvdrest poun
The principal a¢counting policies ￿tspted ID the preparntÈoD of the fin￿¢la] statements are set out below.
Ib) FuDd SÉructllre
The Expelldable Endowment Fulld represents tbose a55ets whith are held foT the longeT teTm of the Tru5Q in accordance
with the tertns of the TTUSt Deed. Income arising oll the ExE*lldable Elldowinent Fund can be used in th¢ UnT¢stri¢ted
Funds. As an Expendable Endowrnent Fuud can be used in accordance with the objects of the Trust, witsl wi also be
spent in certain circumsrances in fi￿fihllt0t of the Tn￿t'S objects. Any capital gains or losses arising on the inve$tsJ]ents
held in the Expendable EndownenE Fund fonn p&1 of that
(c) Income
All income is recognised in the Statement of FÉnancial Activitte5 (SOFA) when the conditions for receipt have been lllet
and receipt is probable. Where a claim for repayment of iDci>me t&x has been or will be made. such income is grossed up
for the t&x recoverable. The following accounting policies are applied to different categories of income:
Grants and DoDatiODS Receivable
Grants and doDZtions aTe re¢ognis¢d in the SOFA when ¢onditions for receipt have been c4)mplied with.
Investment Income
Interest receivable on deposit ald s¢curttie5 is accoulltcd for as it accrues. Dividend iucom¢ rvxivable on s￿ltieS 15
a￿Ounted for when r¢c¢ived by the 1Dv¢sl￿¢￿t umllager.
(d) Expendffiture
Liabilities are recognised as Wendit￿e as soon &8 there is a letsai or constructive Obli￿tiOn coTIimittints the charity to th¢
expenditure. All expelldit￿e is accounted for on an accnthts basis and IA8 been classified under headings that aggregate
all costs related to the Ca￿￿ory. The following accounting wlicies are applied to the different categories of expellditure".
Costs ofRaisino Funds
The costs of raising fimds coLsist of inyeslment Mal￿geMent and certain legal fees.
Charitable ActtTrities
Donations payable are recogni%d when they are approved by the trustees and the recipiellt of the ￿t has infornied
of the arnount to pai(L
Governallce Costs
Governance costs conwrise all costs irnvolving the public accountability of the charity and its compliance with regulation
and good practice. These costs Inc1L￿ costs related to audit fees together with support Costs.

THE HAliCOCKS TRusr
NOTES TO THE FIN￿￿cL*L sfATEME.YTS
FOR THE YEAR ENT)ED 30TH SEPTEMBER 2024
I ACCOUNfiNG POLICIES (Continued)
(e) Fued A￿ets
Investments are stated at market value at the Bala￿Ce Sheet date. The SOFA includes the n¢t gains and losses on
revaIuation and disposals throughout the year_
(O Realised and Ullrealised Gains and Lo&ses
All gain5 and losses are tsken to the SOFA ￿ thcy ar[￿. Realised gains and losses on investtnents are calculated as the
difference bctweeD sales procee¢ls alld opening nkrket value (purchase date if later). Unrealised ￿]￿S a￿d losses are
calculated as the differellce between the markd va]ue at the year end and OWJTDg TTwket value (or purchased date if later).
(g) Goillg concern
The truste£s have assessed whether the use of the going CODCfflI b&sis is apT>ropriate and have Considered p)ssible
¢v¢nts or conditions that might c&st significant doubl on the ability of the charity to continue &s a going ¢onc¢rn. The
trustees have made this assessment for aperi(￿ of at least one year from the date of approval of the fmancial statements.
In particular the trustees have considered the charity"s foreeasts and projections and have tsken account of pressures on
donation alld invesfment income. Afier making enquiries the m]stees have conelllded that there is reasonable expectstion
that the charity has adequate resources to cotttinue ill oi*tati0J￿[ existence for the foreseeable future. Th¢ ¢lwity
therefore ¢ontinues to adopt the going concern basis in preparing its financial statements.
(h) Financial instrnmellts
The charity has elected to apply the pmvisions of Section I I 'Basic FÈllancial tttstsuments. aud Seetiou 12 t)ther Finalleial
tnstrumeDts 155ues' of FRS 102 to all of its fjnaDcial instruments. Financial iDstruttkents are recognised in the charity's
balance sheet when the clwity beco]n¢s patty to the contractual provi5io]]s of the instrumellL Financial ￿set5 and
liabilities are offseL with the net amoullts preseuted in the fiBau¢ial statements. wbeD there is a legally enforceable ri￿t to
Set off the recogDised and there is all intention to settle on a Det basis or to reali5e the asset and settte the liability
simultaneously.
The charity ¢)nly has financial assets and fllwjcial liabilities of a kind that qualify as basic f]n8n¢ial anslnmien
(i) Cash and Cash equiv*leDts
Cash and cash Equivalents includt cash in hand, d¢tM)sits held ￿ call wtth bank4 othu short-tetm liquid investments with
original maturities of three moniljs or less.
(i) Key E5timate5 and Judgetnellts
In preparing financial statements it is necessary to rnake Certain jwtgements. and wurnptions that #ff¢# th¢
amounts recognised in the finallcial statemeDts. The following jUdg¢￿ents alld estill￿teS art considered by the trustees
to have most significant effect on amounts recognised in the financial statements.
In the vieiv of the trustees in 2pplying the aec4)unting ￿E1cleS adopte£L judgements were requiryl that have a significant
effect on the amounts wognised in the financial ststements ￿rd0 any estitnates or asswnptions made carry a significanl
risk of material adjUStn￿ttt the next fmancia] year.
2 DONATIONS RECEIVED
The Founders of the charity did llot Daake a d(wtiOD to the charity ill this financial year (2023. £250.0(￿ which included
a Gift Aid rebate of £50.0(M)).
3 INVESTMENT RNCOME
2024
2023
Inve51ment Incorne
Interest on c&8h deposits
30J114
JJ76
31WO
31.026
I,T72
32,198

THE HANCOCKS TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30TH SEPTEMBER 2024
4 CHARITABLE ACTIVITIES
The ¢harity undertook no direct charitable a¢tivities but awarded grants to the following instiwtions in furtherance of its
charitable activities.
2024
2023
Grants Tnade
330,000
Support costs
Governance costs (see note 5)
3.300
333.720
The grants made comprised the following'.-
The advancement of education
Dr Challone￿$ School Edu¢ational Trust
Guy's & S¢ Thomas, Ctwity
200,000
130,000
330,000
5 ANAL YSIS OF GOVERNANCE COSTS
2024
2023
I,udlow Trust Company (London) Ltd (fomierly Me55r5. Hoare TTU5tee51- Administration fee
KJF Aceountancy Ltd- Independen¢ Examination fee
Kreston Reeves - Independeni Examination fee
C. Hoar¢ & Co bank charges
1,620
lJ20
1,620
1,740
360
360
6 REMUNERATION OP TRUSTEES
In th¢ financial year to 30th September 2024. no Trust¢¢ w¢iv¢d any rEmun¢ration or reimbur5emellt of expense from the
Charity (2023.. Nil).
7 FIXED ASSET JNVESTME]YTS
Movement in fixed asset investments
2024
2023
Listed Investrnents
Market value Brought Forward
Add: Purchase cosis
Unreali5ed gainsl(loss¢s)
Market vmlue C#Tried Forward
1,911,928
9,165
137,759
2,058,852
1,915.407
9,566
13,045
1,911,928
Historical costs
1,453,081
1,443,916

THE HAliCOCKS TRLST
NOTFS TO THE FP*A)CI.4L STATENfENTS {CoNTINL￿D)
FOR THE YL4R ENDED 30TH SEFfEMBER 2024
FUND TRANSFERS
No transf¢r bEtw'een fu]ths was rtquittil in this fmancaal (2023: £301.522 made fithn the Ext*ndable Endowment fund
to the Income FuDd) to coverthe grants paid and8ovc[nan￿ costs It￿1￿ as FrtnittEd by the Trust Dec(L
9 DEBTORS
21>24
2023
H M Revenue aT]d Custo]Iis- Gift Ard r¢payment
50,IK>O
50,IKIO
10 CREDITORS- fxUiDg due within ollt ye*r
2024
2023
Ludlow Tn￿ corn1￿nY (Lon(kn]) l.iJnited- Athninistratorfs fcc
Mess]s. H(YJre Tr￿SleeS. Aibninistt3to£s fee
KJF Account3ncJ Ltd- Independent Examinati￿ fc¢
Kreston R¢eves- IndqKndent F￿aMinati1￿ fce
1,620
1.620
ijzo
1,620
1,740
3,360
11 RELATED PARTY TtL4NSACTIONS
Tht Charity docs not hayt artlttionshsp any othtrcFJattty or chaTitablt otgani5ation5 and the￿ were no relztol p3rty
tr3n5actions {2023.. Nil).
12 ANALYSIS OF CK4RiTABLE FUNDS
Balance
Ill¢omin8 Resources Transfers
Oi.Oct.23 Resourcts expththl
General Ttt¢ome Fw
Endownent
Tot*1
31.880
137.759
169fv39
13J(M))
2_024,085
2,024,085
2,161,444
2,190,024
3,7
Narne
Unrestricted:
Genernl
In¢orne arising in the yearsthart w fi]rtt*ringthe ¢harit¢5 purtrf)5e&
Expendable En(knvment An). defirit gtswa] fwjd Can it m¢t bi thi5 fund at the tru5tee5' discrctiorL
13 ANALYSIS O¥ GROUP NET ASSETS BETWEEP4 FtJr4DS
2023
Fut
Tangible fjxed assets
Debtors
Cash at bank and in hand
Other net current &55¢E￿{lIab]Iit]tS)
Total
2.058.852
2J15&852
1.911.928
50,000
65,517
13,360
2.024.085
33,140
{4.)60
28.igo
102,592
13S732
(4J60)
2.190.024
2.161.444
io