|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|