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2022-07-31-accounts

CONTENTS Page
Report ofthe Trustee 1-5
Independent auditors' report 6-9
Statement of financial activities 10
Balance sheet
Notes to the financial statements 12-18

The Charity is governed by t he follow ing do cuments:
Francis Bancroft's Trust a) Charity Conunission Scheme dated 23 December 1976
b) Charity Commission Supplemental Order dated
30April 1982
c) Charity Commission Scheme dated 26May 1998
Bancroft's School Prize Fund Trust d) Trust Deed dated 16 September 1993
Thomas Henry Littlewood's Trust e) Will ofThomas Henry Littlewood dated 20 January 1948
f) Order ofthe Secretary of State for Education and Science
dated 24 May 1979
Kevin Wing Scholarship Fund g) Will ofKevin Wing dated 11 March 1992

Unrestricted Restricted Endowment Total Total
Note Fund Fund Fund 2021/22 2020/21f
Incoming aad endowments from:
Donations
and legacies		 4,000 4,000 3,500
Investments 163,052 7,925 170,977 I7/,00I
Total incoming
resources		 167,052 7,925 174,977 I74,50/
Expenditure
on:
Charitable
activities		 4,5 5N,
Total 167,052 5,552 172,604 /7/, 630
Net investment
(losses)/gains		 6 (54,681) (54,681) 589,729
Net income/expenditure 2,373 (54,681) (52,308) 592,600
Transfers
between
funds		 10
Net movement
ia Funds		 2,373 (54,681) (52,308) 592,600
Balances at I August 19,245 6,239,244 6,258,489 5,665.889
Balances at 31July 21,618 6,184,563 6,206,181 6,258,489

2 Donations
2021/22 2020/21
Donation
from The Drapers'		 Company 4,000 3,500
3 Investment
income
Unrestricted Restricted Total Total
Fundsf Funds 2021/22
g		 2020/21
Dividends
receivable ftom:
Drapers'
Charities Pooling		 Scheme 163,052 7,925 170,977 170,978
Bank interest receivable 23
163,052 7,925 170,977 171,001
Unrestricted Restricted Total Total
Funds Funds 2020/21 2019/20
Dividends
receivable from:
Drapers'
Charities Pooling		 Scheme 163,053 7,925 170,978 170,976
Bank interest receivable 23 23 1,265
163,076 7,925 171,001 172,241
4 Charitable
activities: Cost ofgrants		 awarded
2021/22 2020/21f
Grants awarded
from Restricted Funds
Kevin Wing Scholarship
Fund
One grants awarded
(2020/21 - nil)		 500
Less grants written off
Bancroft's School Prize Fund
32prizes awarded (2020/21 —32prizes) 5,052 5,054
Total grants awarded from Restricted Funds 5,552 5,054
Grants awarded
from Unrestricted		 Funds:
Net income passed to Bancroil's School 162,064 161,679
Support Costs
Management
Costs: Administration		 944 860
Office 477 424
Finance Costs: Administration 944 860
Office 477 424
Governance
costs (see noie		 5) 2,146 2,329
Total charitable
activities		 172,604 171,630

5 Charitable activities: Governance activities: Governance and staff costs
2021/22 2020/2II
Administration staff costs 475 433
Office costs 237 2/0
Audit fees 1,434 /686
2,146 2,329
6 Investments
2021/22 2020/21
Market value at 1 August 6,239,244 5,649,5/5
Acquisitions
Net investment (losses)/gains (54,681) 589,729
Market value at31 July 6,184,563 6,239,244
Historical cost at 31July 3,389,509 3,389,509
All investment assets are held within the United Kingdom
7 Debtors
31.07.22 31.07.21f
Accrued income
8 Creditors: Amounts falling due within one year
31.07.22 31.07.21
Sundry Creditors 35,607 38,307
35,607 38,307

Analysis o f total net assets
Restricted Expendable Total
Funds endowment 31.07.22
g
The Drapers' Charities Pooling Scheme 6,184,563 6,184,563
Net current assets 21,618 21,618
21,618 6,184,563 6,206,181
Restricted Expendable Total
Funds endowment 31.07.21
g
The Drapers' Charities Pooling Scheme 6,239,244 6,239,244
Net current assets 19,245 19,245
19,245 6,239,244 6,258,489
unds
Movements ofFunds
Balance Incoming Resources (Losses) Balance
01.08.21 resources expended Transfers /Gains 31.07.22
8
Endowment
Fund
Permanent 5,950,154 (52,149) 5,898,005
Endowment Fund
Restricted Funds
Bsccroips School 184,347 (1,615) 182,732
Prize Fund
Kevin Wing 98,535 (863) 97,672
Scholarship
Fund
Thomas Hemy		 6,208 (54) 6,154
Littlcwood's
Total 6,239,244 (54,681) 6,184,563
Endowment
Funds
Restricted
Funds'
Surplus
Bsncmtt's School 1,621 5,052 (5,052) 1,621
Pnze Fund
Kevin Wing 15,500 2,701 (S00) 17,701
Schoisrshsp Fund
Thomas
Henry
Thomas Henry 2, 124 172 2,296
Littiewood's Trust
Total Restricted 19,245 7,925 (5552) 21,618
Funds
Unrestricted
Fund
GeneralFund 167,052 (167,052)
Total Funds 6,258,489 174977 (172604) (546gi) 6,206,181

Funds (continued) Funds (continued)
Movements ofFunds
Balance Incoming Resources (Losses)l Balance
01.08.20 resources expended Transfers GainsI 31.07.21
E
Endowment
Fund
Permanent 5,387,750 562,404 5,950,154
Endowment Fund
Restricted Funds
Bsnemtl's
School		 166,923 17,424 184,347
Prize Fund
Kevin Wing 89,221 9,314 98,535
Scholarship Fund
Thomas Henry 5,621 587 6,208
Littlewood's
Total 5,649,515 589,729 6,239,244
Endowment
Funds
Restricted
Funds'
Surplus
Bsncmn*s School 1,621 5,054 (5,054) 1,621
Prize Fund
Kevin Wing 12,799 2,701 15,500
Scholarship Fund
Thomas Henry 1,954 170 2,124
Littlewood*s Trust
Total Restricted 16,374 7,925 (5,054) 19,245
Funds
Unrestricted
Fund
Generst
Fund		 166,576 (166,576)
Total Funds 5,665,889 174,501 (171,630) 589,729 6,258,489

13
Prior year SOFA
Unrestricted Restricted Endowment Total
Fund Fund Fund 2019/20
K
Donations
and legacies		 3,500 3,500
Investments 163,076 7,925 171,001
Total incunting
resources		 166,576 7,925 174,501
Expenditure
on:
Charitable
activities		 166,576 5,054 171,630
Total 166,576 5,054 171,630
Net mvestment
losses		 589,729 589,729
Net income/expenditure 2,871 289,729 592,600
Transfers between
tends
Net movement
in Funds		 2,871 589,729 592,600
Balances at I August 16,374 5,649,515 5,665,889
Balances at 31July 19,245 6,239,244 6,258,489