| Structure, governance, and management |
||||
|---|---|---|---|---|
| The Trust was established by a Trust Deed dated 15 November 1968. |
||||
| A Trustee must have been a Warden ofthe Worshipful Company of Fletchers meeting ofTrustees. |
and may be | ointed by resolution | ofa | |
| The Trustees appraise the Court ofthe Worshipfui Company of Fietchers on |
both resour | nd charitable | activities | |
| undertaken on a regular basis (and thereby the membership ofthe Company |
who are the | cipal donors). | ||
| Administrative work is undertaken through the Worshipful Company ofFletchers. |
| The Fietchers Trust | |
|---|---|
| Trustees' Report {Continued) Year to 28i" February 2022 |
|
| Achievements and performance |
|
| The Trust made donations totaling 841,533 to individuals and support bodies, mostly disabled. Grants were also made to support education and military affiliations. |
upporting archery for the |
| Last year there were very few grants to individual archers; this year there were more s grants being made. This is not surprising with the opening up of the sport following d opportunities. However, there is still a degree of cautiousness for holding events. Als institutions for the disabled, up from R3,645 to f17,412. For example, we continued spo Disability Championships in Lilleshall for the fourth year, when a new prize was provid Anniversary, courtesy ofour Master, Anne Curry. |
ssful applications with 12 ult years without practice ere were more grants for ing the Fletchers National n celebration of our 650~ |
| During the year the first tranche ofmonies were paid over to Archery GB to kick start our co package forthe next Paralympic Games in 2024, all reported elsewhere, in the same way a Games. The Lord Mayor's Appeal received a donation, higher than in previous years, re Fletcher, Amanda Keaveny is Lady Mayoress. |
itment to support the Paris did for the Rio and Tokyo ting the fact that our own |
| The Trust is the only Charity within Great Britain which supports disabled archery and thf'oughout, continues to be heart-warming. |
evidence of appreciation |
| Many ofthose archers who have been helped have gone on to win medals at national corn Paralympic events, providing a powerful motivational force for those trying to overcome or prevent them from enjoying more mainstream sports. For example, two grantees received Paralympic Games, repeating the success in Rio in 2016and before. Access to funding in Trust is filling a gap which might not otherwise be the case. |
tions, internationai and with disabilities which als at the Tokyo field is limited and the |
| Financial review |
|
| The Charity's funding comes from donations by the members themselves, from occasional the return on investments. |
d-raising events and from |
| The investments are accounted for on a Total Return basis. |
|
| Income arising on investments during the year has been apportioned between the Unr Unapplied Return {Income) portion ofthe Endowment Fund on a pro rata basis. |
cted Fund and the Total |
| At the reporting date, the permanent Endowment Fund stood at 2154,462 of which a m released for charitable expenditure: the Unrestricted Fund was f101,290. |
um of R16,250 could be |
| The Trustees' policy on reserves is to maintain the Unrestricted reserves at between 1 t expenditure to allow for rolling commitments in recognition that recipients may be relying fulfill a particular objective. |
years-worth of charitable n continuity of support to |
| Investment performance is monitored by the Trustees who receive regular reports fro together with the overall investment strategy. |
e investment managers, |
| The Trustees have assessed the major risks to which the Trust is exposed and the ongoing ability to continue to support a number ofcharitable activities. Although a reduction in inco anticipated, the bulk ofannual income is received from members ofthe Worshipful Compan no indications that any material reduction in such income is likely to arise. The capital value has fallen by around 6%since the year end. Apportionment ofthe investment portfolios wa Investment Adviser between the Unrestricted and Endowment Funds, according to the obje Trustees, on 28 February 2022. |
act ofCovid-19 on the om investments is Fletchers and there are he investment portfolios mpleted by the sset out by the |
| ~ ~ | L | ~ | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ~ | ~ | ~ | ~ | - ~ | |||||||||||||||||||
| '~ | |||||||||||||||||||||||
| ~ gt' | ~ ~ | 0 | ~ | ||||||||||||||||||||
| ~ | |||||||||||||||||||||||
| ~ | |||||||||||||||||||||||
| " | |||||||||||||||||||||||
| 0 | ~ | ||||||||||||||||||||||
| ~ | ~ ~ ~ | ||||||||||||||||||||||
| ~ | |||||||||||||||||||||||
| ~ | |||||||||||||||||||||||
| ~ | ~ | ||||||||||||||||||||||
| ~: | ~ | :K | ~ | ~ | |||||||||||||||||||
| ~ | ~ | ||||||||||||||||||||||
| ~ | ~ | ~ | ~ | ~ | ~ | - | ~ | ||||||||||||||||
| ~ | lo | ||||||||||||||||||||||
| I | ~ | ~ | RE | ~ | 0 | ~ |
| 20 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | F | ||||||
| Fixed Assets | |||||||
| Investments | 21, | 22 | 181,363 | ||||
| Current | Assets | ||||||
| Debtors Bank balances |
1, 2,3, |
96 34 30 |
5,199 52,829 58,028 |
||||
| Current | Liabilities | ||||||
| Creditors | 00 | ||||||
| Net Current Assets | 3, | 30 | 58,028 | ||||
| Total Assets | 25, | 52 | 239,391 | ||||
| Funds | ofthe Charity | ||||||
| Endowment | Fund | 15, | 62 | 142,255 | |||
| Unrestricted | Fund | 10, | 90 | 97,136 | |||
| 25, | 52 | 239,391 | |||||
| Approved | by the Trustees on | 1st December | 202 | ||||
| and signed | on their behalf by: | AJ McMillan | (Trust |
| Unapplied | ||||||
|---|---|---|---|---|---|---|
| Trust for | Total | Tot | I | |||
| Investment | Return | Endow | ||||
| b/fwd. | ||||||
| Gift component Unapplied Total Return |
128,900 0 |
0 13,355 |
12, 1 |
|||
| 128,900 | 13,355 | 14, | ||||
| Movements | ||||||
| Gifts ofendowment | funds | 9,312 | 0 | |||
| Investment | return | 0 | 2895 | |||
| 9,312 | 2,895 | 12 | ||||
| c/fwd. | ||||||
| Gift component | 138,212 | 0 | 138 | 2 | ||
| Unapplied | Total Return | 0 | 16,250 | 16 | 2 | |
| 138,212 | 16,250 | 154 | 4 |