|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|





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|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|||





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||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
|||Note|Fund|Fund|Fund|2021/22|2020/21f|
|Incoming aad endowments|from:|||||||
|Donations<br>and legacies|||4,000|||4,000|3,500|
|Investments|||163,052|7,925||170,977|I7/,00I|
|Total incoming<br>resources|||167,052|7,925||174,977|I74,50/|
|Expenditure<br>on:||||||||
|Charitable<br>activities||4,5|||||5N,|
|Total|||167,052|5,552||172,604|/7/, 630|
|Net investment<br>(losses)/gains||6|||(54,681)|(54,681)|589,729|
|Net income/expenditure||||2,373|(54,681)|(52,308)|592,600|
|Transfers<br>between<br>funds||10||||||
|Net movement<br>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|





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|2|Donations|||||||
|---|---|---|---|---|---|---|---|
|||||||2021/22|2020/21|
||Donation<br>from The Drapers'|Company||||4,000|3,500|
|3|Investment<br>income|||||||
||||Unrestricted||Restricted|Total|Total|
|||||Fundsf|Funds|2021/22<br>g|2020/21|
||Dividends<br>receivable ftom:|||||||
||Drapers'<br>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<br>receivable from:|||||||
||Drapers'<br>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<br>activities: Cost ofgrants||awarded|||||
|||||||2021/22|2020/21f|
||Grants awarded<br>from Restricted Funds|||||||
||Kevin Wing Scholarship<br>Fund|||||||
||One grants awarded<br>(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<br>from Unrestricted||Funds:|||||
||Net income passed to Bancroil's School|||||162,064|161,679|
||Support Costs|||||||
||Management<br>Costs: Administration|||||944|860|
||Office|||||477|424|
||Finance Costs: Administration|||||944|860|
||Office|||||477|424|
||Governance<br>costs (see noie|5)||||2,146|2,329|
||Total charitable<br>activities|||||172,604|171,630|





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|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|



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|---|---|---|---|---|---|---|
|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|





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|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<br>Fund<br>Thomas Hemy|||6,208|||||(54)|6,154|
|Littlcwood's||||||||||
|Total|||6,239,244|||||(54,681)|6,184,563|
|Endowment||||||||||
|Funds||||||||||
|Restricted||||||||||
|Funds'<br>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<br>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|



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|Funds (continued)|Funds (continued)|||||||
|---|---|---|---|---|---|---|---|
|||||Movements|ofFunds|||
|||Balance|Incoming|Resources||(Losses)l|Balance|
|||01.08.20|resources|expended|Transfers|GainsI|31.07.21<br>E|
|Endowment||||||||
|Fund||||||||
|Permanent||5,387,750||||562,404|5,950,154|
|Endowment|Fund|||||||
|Restricted Funds||||||||
|Bsnemtl's<br>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'<br>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<br>Fund|||166,576|(166,576)||||
|Total Funds||5,665,889|174,501|(171,630)||589,729|6,258,489|





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|13<br>Prior year SOFA|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Endowment|Total|
||Fund|Fund|Fund|2019/20|
||||K||
|Donations<br>and legacies|3,500|||3,500|
|Investments|163,076|7,925||171,001|
|Total incunting<br>resources|166,576|7,925||174,501|
|Expenditure<br>on:|||||
|Charitable<br>activities|166,576|5,054||171,630|
|Total|166,576|5,054||171,630|
|Net mvestment<br>losses|||589,729|589,729|
|Net income/expenditure||2,871|289,729|592,600|
|Transfers between<br>tends|||||
|Net movement<br>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|