Charity number 226621
The Ian Fleming Charitable Trust
Trustees, Report and Accoullts
31 March 2024

The Ian Tr lemiiig Charitable Trust
Tru.%tees' Report and A¢count5
Contents
Page
Referen¢e and adiDini5tration dctails
Tiwstees repoi't
StAtenJent of FinAnti&l Attivities
BAIAnee sheet
Notes to the aeeounts
Independent Eiaminer'5 Report
io

The lan Fleming Charitable Trust
Reference and AdminT$tration Details
Ti'ustee5
A.H. Isaacs
G. Wyllie
Fouiider
A.A,l. Fleming (died 26 April 2Q231
Independent Examiner
Mr Dan&el Valentine ACA
Begbies
Unit 14, Park B￿'ll
Evegate Busiiiess Park, Snieeth
Ash(ord IN25 6SX
Bankers
C.liai'ities Aid Foundation {CAFI
25 Kings Hill Avenue
West Malling MEI 9 4JQ
Solicitors
Steplienson Haiwood
Si Paul's Chuicliy#Td,
London EC4M 8SH
Investment man#eei'$
RBC Bi'ewin Dolpliin
12 Smithficld Street
London EC IA 9BD
PJ'incip81 addres5
clo Begbies
Unit 14. Pai'k Barn
Evcoate Busiiiess P<irk, Smeetli
Ashfard'tN25 6SX
Cli%i'ity i'egistei'¢d number
263327

The lan Fleming Charitable Trust
Trustee5' Report
for the year ended 31 March 2024
The Trllstees present theiT report and accounts for the year ended 31 March 2024.
Tlie Trustees confinn that the Aniiiial Report and ac¢ouots have been piepared in accordanGe with tlie
accoiiiiting policies set ollt in Note I to the a¢couiits and coiiiply with the cliaiiws govejning
doeiimei)t. The charlt￿¢S Aot 2011 and Accountin8 aiid Reporting by Charities.. Statement of
Recointnended Pi'actice applicable to chai'ities pi'epai'ing ihtir accounts in accordance with tlie
Financial Repoiting Standard FRS 102 applicable in die UK and Republic ofireland published on 16
July 2014.
Sti'uctui'ei govern*iice and ￿anagement
The cliarity was set lip by the settloi", A.A.l. Fleining, by a Deed of Tnist dated 9 November 1971.
The Trustees re¢ord with I'egiet Èlie death of tl)e settloi., lan Flemiiig wlio gene1￿￿slY created the
Chai'itable Trust 1971 and who was a ti'ustec until his death. He inspired Ilie lan Flernittg Musi¢
Awai'ds, now permanently endowed with the chirity now known as Help Musicians, and donations
liave over the last 50 years been made to numeiYJu5 other Chai'ities.
The statutory power of appointnient of trustees applies to tlie seitlenient aiid is exercisable by the
preseiit Iruslees.
When reciuiting new trustees the existing tnistees look for individuals witli skills and experience
which al'e of value to the trust. Any pottntial t1.￿teeS will be interviewed by thc existing trustees and
provided witli a pack of infoTmatlDn including accounts ￿ld a copy of the t1.￿%( deed,
The trustee5 &'E highly experienced individLials and have a good iilldei'standing of what is involved in
beit)g a trustee of a charity.
The ti￿Ste¢S have I'egular contact during the ytai. to consider recommendations foi., and make final
decisions on, the awai'dEnu of grallts.
Risli nJ&nAgement
The tiwstees have assessed thc inajor risks lo whicl) tlie chavity is exposeJ, in particulai. those related
to the investment strategy. They ai"e %atl5fied that adequate procedui'es are in place to miti(Yate
exposiire to these risks, althougli it Es recogllised that systems can only pi'ovide reasonable, not
absolute. &8SLirance.
The Trustees have identified the following I'isks..
l. Investinents will dI￿p iti valuc
the Ti'llstees have appointed a professional firm to manage tlie
investments. The Trust fund is invested for a total retui'n witli the aitn of Inainlaining tlie Gapital value
of the fund after donations aiid allowing foi. inflation.
2. Donations i)iade will not be spent as the Trustees would like- Where appropriate the TI￿ste¢S will
seek conffirtnation that a donation lias been appropi'iately applied by the donee.
Objeetives and activities for the public benefit
The ti'ustees have powei. to apply the trust fLind and incoime thereof for sucli cliaiitable pui'poses or to
pay tlie sanie to SLiclI cliai'ilable bodies, associations or instituttons as the li'ustees sliall froni tiir¢ to
tiine in tlicii. absoliite discrction dctei'niirte. The tvu%lees have reviewed theii. i)0Sicy of di5ti.ibutioDs to
chai'ities aiid decided that, subject to aiinual revicw, it would be tlieii. inteiitioi) to distribute the
Tiicome and additional #inounts froin iiet i'ealised capital appi'eciations.
The ts'ustees confirm that they liave referred to tlie guidance contained in tile Chai'ity Commission's
genei'al guidance on public benefit W1)e￿ ieviewing the Ti'iist's aiins and objtctlV¢5 and in planning
future activilies ai)d setting tl)e gixnl imakiiig policy for tlie year.
The pi'itjcipal act&vity of tlie cliarity is tlie Inaking of giartls, pi'oviding benefit to UK registei'ed
chai'ities i¥oi'king Ilie field of., suppoit, ielief and welfai-e of disabled 01- liandi¢apped people, oi.
those otherwist in need. and ¢hai'ities involved in ieseaich on humaii di5ea5es, paiticulai'ly in tlieii.
cause and pi'evention.

The Ian Fleming Charitable Ti'ust
Tru5tees' Report
for the year ended 31 March 2024
Gi'ants
The Trustees normally make donations to wcll establislied chai'ities which have Teceived 5UPPOrt in
the pasl and wliicl) the Ti'ustees consider ¢ontiniie lo do valuable wol41.
Finxnctal Review
'I'he net inconie before investment gains and losses foi. the year to 31 March 2024 was £27,223 12023
net expcnditiire.. £60,719). Tli£ inveslment manageinent Costs in the year ￿n0[Inted to £7.988 (2023..
£8,234).
The fJnat]cial stateinents sliow Ihc investments at rn￿.kel value. Tlie Eainl{lossl on disposals of
investments is based oil their OPEning market value and resulted in a rcalised gain of £62,680 foi. the
yeaT ended 31 March 202412023 loss.. £27,793). At the year ejid tlie uni'ealised net gain atnounted to
£30,758 (2023 1055.. £94,771).
Invtstment policy
The trustees aim to preserve a balaiite between achieviiig inodest grothffjh in the Ti'usÉ's investrnents
and piDducing income adequate lo maintain the desired level of gi'ant-niaking. Wlien necessary,
investsnellt unit5 deyigned for gromth will be sold to pi'ovide income above the level produced by
intome units.
Re5erve5 policy
The trustees do not consider that there is a iTreed to maintain a spe¢ific level of reserves to achieve the
objectives of the charity otliei. than to meet futiire commitnients. Theii. policy is to distribute, on
Tegulai. basis. the whole of the iiet incoine togetl)er with a part of the net italised investment gains
whether ai'ising in the Gurient or prior years.
Ti.￿SteeS i'esponsibilities
The Trustees are I'espoiisible for preparinE the Trustees, report and accounts in a¢¢ordance witli
applicable law and United Kingdom Accounting St￿)dards (United Icingdom Generally Accepted
Accoiinting Pi'acti¢el.
Charity law i'equii'es the Trustees to pi'epai'e accounts for each financial yeai. wliicli give # true 2nd fair
view of the stale of affairs of the charily alid of its incoming ie50ur¢es and applicatloll of i'e50urces of
the cliarity foi. that period. In preparing these aocnunts, tlie Ti'ustees al'e required to..
select suitable accounting policies and tlien apply them consistently.
observe the tnethod5 and principles in the Charities SORP;
make judgcments and estiinate5 tliat are reasoiiable and prLident.
State whethEI' applicable accountlDg standards liave been followed. subject to any depaitUTes
disclosed and explained in the financial statemeiit5', and
prepare the accounts on the goino Collcern basis unless it is inappTopriate to presume that tl)e
charity will contEnue in business.
Tlie triistees are i'espolisib￿t for keeping accounting iecoi'ds whifyh disclose with reasonable accuracy
the fJnaDcial position ol tlie chai'ity at aiiy tirne, and to enable the ts'u5te¢s to eiisure that the financial
stateinents coniply with the Charities Act 2011. the Charity IAccouiits aiid Reports) Regiilations 2008
and the provisioiis of tlie tiust deed. They al'e a150 responsible foi. safeguarding the cliai'iry's assets,
and lience for taking reasonable steps for tlie preventioii and detection of error. fiaud aiid othei.
This I'epoi
#S appj'oved by the Tru5tecs on 26 August 2024
aes
Ti'ustee

The lan Pleming Charitable Trust
St#temciit of Financlal Activities
fui. the yeai- ended 31 March 2024
Ye%r ended 31 Mareli 2024
Yeai. ended 31 M81'ch 2023
Expettdable
Etidowi)ient
Fund
Unrtstt'ictL'd F.Ypendable
Total Endowment
2024
Fund
UnTestricted
Total
2023
General
Fund
Genei.
Fuiid
Notes
Income from:
Donations
Invcsiments
2,1)00
28,841
2,000
28,841
30,302
3n,302
Tot21 iijcome
30,841
30,841
30,302
30,302
Expcndilui'e oll..
Raising tunds
investment inanagement fees
Ch￿'itable activities
- grants payable
govet'nance cost$
7,988
7,988
8,234
8,234
112,8001
8,430
112,8001
8,430
70,000
12,787
82,787
70,000
12,787
91,021
Total expenditure
7,988
14,370
3,618
8,234
Net expendlture before Eains and losse5 OU
investment assets
{7,9881
35,211
27,223
18,234) 152,4851
160,7191
Net gaiTrsll1055¢s) on investment assets
Net intotnel(exptnditui'el
93,438
93,438
122,564)
122,5641
1183,2831
85,450
35,211
120,661
1130,798)
152,4851
Traijsfers
Ti'&nsters between funds
152,485)
52,485
Net movement ill furtds
85,450
35,211
120,661
1183,283)
1183,2831
Reeonciliation of Funds
Total Fund8 at l Api'il 2023
1,187,061
1,187,061
1,370,344
1,370,344
Total Fuiids a¢ 31 MAreh 2024
,272,Sl I
35,211
1,307,721
1,187,061
1,187.061
The Note5 to the Accounts form parl ot'the Financial StatemenL

The Ian Fleming Charitable Trust
Balanee Sheet
as at 31 March 2024
Notes
2024
2023
Fixed assets
Investnients
Listed it]vestiMents
Cash held witliin poitfolio
684,953
540,887
1225,840
1,125,365
14.903
1,140,268
Current assets
Accrued income
Ca511 at bank
87,582
87,582
65.293
65,293
Ci'editors.. Aniounts falliDg due withiij one yeki.
{5,700)
118,500)
Net current a55ets
81,882
46.793
Net g$$ets
1,3Q7,722
1,187,061
Represented by:
Uiji'estricted Trunds
Expendable Endowtnent Fund
Geiiei'al Fund
1272,511
35,211
1.187.061
Total Funds
io
I J07,722
1,187,06L
Appi'oved by the Tiwstees 26 August 2024
A.H. IsAges
Ti'ustce
Tlie Notes to the Accounts forin part of the Financi21 Slatejnents

The Ixn Fleming Charitable Trust
Notes to th¢ Accounts
foi. the yÈai' ended 31 March 2024
Accountitig policies
Busis ofppéptoiul1o￿ ￿lId ￿.$.¥¢.1,1?1ie}1t olgoiiig coiicein
Tlic accounts have been pirpared in accordance with the Statement of Recominended Practice.. Accounting
and R¢poJting by Chai'ities pi'epai'iii£ their accounts in aecoj'dance with the Finaneidl Repoiting Standai'd
applicable ill tlie UK and Repiiblic of Treland (FRS1021 publislied on 16 .Tuly 2014, tlie Financial
Reporting Standard appli¢able in tli¢ Uiiited Kingdoni aiid Republic of Iieland (FRS 1021 and the Chai'ities
Act2011.
Assets and liabilitie5 aTe initially recogllised at liistorical cost oi. ti'ansactioi) value unless otheiwse stated in
the ielevant accounting policy lloteg. I'he financial statements are presented in sterling and al'e iDUllded to
the ne￿.est pound.
Tlie charity constitE]tes a public benefit entity as defined by FRS 102,
The ti'ustees consider that there are no material uncertainties about tl)e ¢hai'ity's ability to contiiiue as a
going concern.
Fuiid uecuiipiliiig
The Ullresu'iLted Geneial Fulld is available for use at the disciEtion of the trustees in furtherance of tlJe
general objectives of tlie charity.
Income 8risii)g OD tl)e Expeiidable Endowment Fuiid can be used in accordaiice with the charity's objectives
and is allocated to the Unrests'icted General Fiind as unrestt'icled income. Additioiial amounts from net
Teali5ed capital appreciations ai'isin2 01) tlie Expendable Lndowment Furt(f can be Used in accoi'dance with
t]Je Charity's objectives.
Al￿ income is recognised once the chaiity has entitlement to the income, there is siifficient certainty of
receipt and so it 15 Probable tliat tlie incoine will be received, and the amount of intome receivable ¢an be
Ineasured reliably.
Interest on fvnd5 Iield on deposit is included upon notification af the interest paid oi- payal?le by the bank.
Investtnellt incoiiie is i'ecognised on a i'e¢eivable basis vnce the amoiints can be iiieasured reliably.
EKpendilEire
Liabilities are recogiiised as expeiidEture as soon as there is a legal or ¢onsti'u¢tive obligation coiiiinitting
the chai'ity to tliat expenditiire, it is probable that settlement will be requll'ed and the amoiint of the
obligation can be nieasiired ieliably.
All expendituie is accounted for an an actruals basis. All expense5, illcluding support costs and goveriiance
costs, aiE allocated or apportioiied to the applicable expeiiditui'e headings in the statement of financial
activities.
Graiits payable al'e payinents made lo tliird parties in the furihei?nc# of the ¢haritable objects of the Cliarity.
In tlic case of 2n ui)conditional giaiit offer, thi5 is acGI'ued once the i'ecipient lias been notified of the grant
award. Gi?Iit awai-ds tl)at ale subject to tlie recipieiit fiilfilliiig pei'foriiiance Coiiditions are only accrued
wlien tli¢ iecipitiit Ilas been notified of the g'aiit and any i'eniaining unflllfilled condition attacliing to tliat
grant is outside of the control of the Trust.
li'recoverable V AT is charged against tlie expenditure head&ng foi. whicli it was incurred.
Tlie costs of i'aising fiiiids consist of investment management fees.
Tlie expenditure on ¢1111 rstable activities includes grants payable and support and governance costs.

The Ian Fleming Charitable Trust
Notes to the Accnunts
foi. the year ended 31 Lvlarch 2024
Fi¥ed o5SCtinveJlftieiils
Iiivestnicnts are a form of basic finaiicial instrunient ai)d are initially recogiiised at tlieii. tran%action value
alld subsequeiitly nieasured at thcii. marl(ct value as at tlie balan¢e sheet date usiiig the closing quoted
rn￿1(et price.
All gains and losses are takcn to the statcinent of fInanGial aciivities as they arise. Reali5ed gains and losses
on iiivestinents ale ¢alculaled as tlie difference between sa1¢5 prtsceeds and tlieii. opening cariying valiie oj.
tl)eii' pui'chase value if acquired subsequent to the fiist day of Ilie financial year. Unrealised gains aiid losses
are calculated as the diffeiellce between fair value at the year end aiid tlieii. cariying value. Realised alld
unrealised investment gains and losses are coinbined in tlie ststement of financial activities.
Investnjent income
2024
2023
Intei'est i'¢ceived
Bank interest
RBC Brcwin Dolphin
Quoted investment income
467
24
236
39
28,134
28,841
30,027
30,302
Expenditui'e Dn charitable activities
2024
2023
Grants payable (see note 6)
Support and govemance costs15ee note 51
{12,800}
8,430
70,000
12,787
4,370
82,787
Suppoi't and governante costs
2024
2023
Suppoi't costs
Bank chai'ges
60
127
Governance costs
Accountancy and Independent #xaniination
Begbies Chettle Agar
Total
8 J70
7,500
8,430
7.627
Staff costs Ti'ustee5 remunerylion 9nd expenses
Tlie cliarity lias no eniploye¢s.
Dui'ing the yeai., no Trustee J'eceived any remuneixtion oi. benefits in kind (2023.. £nill. No ti'ustees i¢¢eived
reiinbursemenl of expenses in the year (2023.. £nill

The IXD Fleming Charitable Trust
Notes to the Accounts
for the ytai. ended 31 Mai'ch 2024
Charitable gi'Ants paysble
202
2023
Arcliaeology Scotland
Ayrsliire Ho%pice
Disa5tei's Einergency Coinmittee
Ldinbui'gli Youiig C8rers
Frjends at the Eiid SCIO
International Rescue Coinmittee
Ness of Bi'odgai. Tiust
One City T]￿St
Survivoi's of Hiiinan Tra￿l¢killg in Scotlaiid
TTu£8ell Tru.4t, Tlie
Ulliver5ity of Edinburgh
05d cheques written back
5,QOO
5,000
10,000
5,000
5,000
10.000
5.000
5,000
5.000
5,000
10,000
12,800
12,800
70,000
Investments
21124
2023
Mg1'keÈ v&lue
At l Api'il 2023
Additions at cost
Dispouls at carying value
Net gaiii on revaluation
At 31 Mireh 2024
1,125J6S
334,529
(80.5,6991
31),7.%8
084,9.%3
1,313.918
350,925
{444,7071
(94.7711
1,125,365
Hi5toric#l eost
637,334
.065.114
Listed investment5 Itt fair value compj'ised..
2024
2023
UK bond5
Oveiseas bonds
UIC equities
International ¢quit1¢5
Emei'git]IT markets
Glob81 investments
Absoliite I'etui
Propeity
Comtlloditie5
Private equity
Cash pi'oduct
Otliei. investmenis
144,903
76,490
76,672
203,544
42.820
12,668
232,530
456,215
92,223
48,483
7,345
35,672
3,907
15,000
66,571
1,125,365
92,339
13,092
40,041
15,000
22,272
684,953
Tlie Chai'ity's snvestinents aiE I'egistei'ed in tlie najne of tlie nominee fyompany of tlie RBC Brewiii Dolpl)in
group.

The lan Fleming Charitable Trust
Notes to the Aceounts
for the year ended 31 ftrlai'ch 2024
Casli balaiJce5
2024
2023
CAF Bank
Royal Bdnk of Scotland
87,582
30,539
34,754
65,293
87,582
Creditors: Amounts falling due withiii Dlle ytir
2024
2023
Grants payable
Accnials
12,800
5.700
18,500
5,700
5,700
io
Analysis of Net Assets Between Punds
Expendable
Endowment
Fund
General
Fund
Tol*l
2024
Fixed assets investments
Ca*h ￿t bank
Othei. cui-r¢nt gssets
1,225,840
46,671
1,225,840
87,582
5,700)
40,911
{5,7001
35,211
At 31 March 2024
,272,511
A,307,722
Expendable
Endowmeiit
Flind
Genei'al
Fund
Total
2023
Fixed asscts investment5
Cash at batd
Othei. current assets
1.140,268
46,793
1,140,268
65,293
118,500
1,187,061
18,500
(18,5001
At 31 Nlarcli 2023
1,187.061
Related Pai'ty Ti'#n$aetions
Tliere were no related party transactions in the yeai..
12
Related Party TraTL54ttions
After the year-eiid, the ti'ustees approved Charitable grants totalliiig £480,000.

The Ian Fleming Charitable Trust
Independent Examiner's Report to tho Trustees
for the year ended 31 March 2024
l i'eport (o the triistees on my examination of the a¢¢oiints of The lan Fleining Charitable TrLlSt {the
charity) foi. the yeai. elided 31 Mai'¢lTr 2024 wliich set out on pages 4 to 9.
Re5pollsibilities Aiid bAsis of repoi't
As tlie cliarity's ti'ustees you are responsible foT the pi'tparation of tlie accouDts in accordance Il)e
requirernenl% of the Cliai'ities Act 2011 I'the Act,).
l i'eport iji respcct of Iny examination of the ti￿ste¢s, accol￿tS carried out linder section 145 of the
2011 Act and in carrying out Iny exai))ination I have followed all tlie applicable Directions given by
the Cliarity CoinmissEoner undei. section 145(5)Ibl of the 201 l Act.
Independellt examinei. s 5tateinent
I have completed iny examination. l ¢onfiiiM tliat no material matters have coine to my attention in
ciTrnneLtion with the exainillatioll giving me cause to believe tjiat in any Inate￿.1al re5PeCt'.
111 accounting records werc not kept in r¢speGt of the TL'USt as required by se¢tion 130 of the Act; or
(21 tlie accoiints do not accoi'd witli those i'e¢ords,' or
131 Ilie accounts do not comply with tlie applicable requii'einent5 concerning tlie foi'tn and Gontent of
accounts set out in the CliaTjties (Accounts and Reports) Regulations 2008 otlier than any
I'equii'emellt that tlie accounts give a'tsue and fair view which is not a matter considered as part
of an independent exaniination.
I liavt no concerns and have conie acr05% no other niattei's iii connect5011 Mith the exaniination to
which attention should be drawn in tliis repoit in ol'der to ellable a pi'oper iinderstandillg of the
accounts to be i'eaclied.
D4nicI Valentine ACA
Begbies
Unit 14, Park Barn
Evegate Biiisiiies5 Park
Sineetli, Ashford
Kent
TN25 6SX
L¥lql
024