THE JOYCE FLETCHER
CHARrrABLE TRUST
ACCOUNTS
FOR THE YEAR ENDING
S APRIL 2022

THE JOYCE ￿￿TCHER CHARrrABLE TRUST
CONTENTS
PAGE
LEGAI, AND ADMtNISTrATtVE DETAILS
REPORT OF THE TRUSTEES
REPORT OF THE INDEPENDENT EXAMINER
STATEMENT OF FINANCIAL Acr1vI￿S
BALANCE SHEET
NOTES TO THE FtNANCIAL STATEMENTS
I PRtNCIPAL ACCOUNTING POLICIES
10
2 TAXATION
io
3 DONATIONS AND LEGACIES
io
4 INVES'I'MF.NT TrJCOML
S CHAIUTABLE AC'fiviTIES
11- 12
6 RELATED PARTY TRANSACIIONS
13
7 CHARITABLE EXPENDITURE
13
8 COSTS OF RAlStNG FUNDS
13
9 INVESTMENTS
13
I O BANK AND DEP()SIT BAI.ANCES
14
I I CONTINGwf ASSETS
14
12 DEBTORS
14
13 CREDITORS
15
14 FtrND ASSETS AND LIABILrrtES
15
SCHEDULE TO THE FINANCIAL STATEMENrs
I SCHEDULE OF INVEsTmE￿rs AND INCOME RECEtVED
16

JOYCE FLETCHER CHAR￿ABLE TRUST
LEGAL Al￿ AMINISTRATIVE DETAILS
Charity name
and regisiT8tion numE*r:
The Joyce Fletcher Charitable Trnst
Registered Clwity Number 297901
Correswndence addres5:
68 Circus Mews
Bath
BAI 2PW
Govcrning d￿UMellt:
Trust Deed dated 3 April 1987
Trustses:
Robert Andrew FI￿cher OBF. (Chair of Truslces)
Williarn David Reddihough Fletsher
S*phen Peter Fletcher
Susan Carol ShaTP
Bankers:
Coutts & Co
440 Strand
tA)ndon
WC2R OQS
Investsnent advisors and mAna8¢rs'.
C￿en0Ve Capilal Management
hrimjer & Co. Limited
I IA)ndon Wall Plac¢
London
EC2Y SAU
Independent ex8miner:
Morgan James Ri8by
MJR trusts
Inglenook, 509 New Mill Road
Brockholes
Holmftrth
HD9 7EG
Page I

THE JOYCF. FLETCHER CHARrrABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ELYDED 5 APRIL 2022
History9 obje¢tiV¢8 and aetivities of the Trustee$
Joyce Irene Fletcher was born in 1911 and mwTi¢d William Kenneth Fletcher in 1935. Thcy had two sons
William David Reddihough Fletcher and Robert Andrew Fletcher.
The Charitable Trust was established on 3rd April 1987 by Mr W K Fletcher in consultsiion Hqth his sons,
as a way of directing some of the family's wealth to a variety of good causes largely in the fields of the Arts
and other Charitable causes. Additional sums have been added io the tn￿t funds, such as on the death of Mr
W K Fletcher, the assignment of Mr R A Fl¢tcher's interest in the FJ Reddihough 1942 Settlemenrffather of
Mrs J l Fletcher) and by life-time gifts from Mr R A FletcheT. Both the initial donation and the additional
amounts donated since then have been under terms which allow the trustees either to relain the amounts &s
capital or to spend them.
The trust deed gives the trustees the power to apply the funds lo specific ¢haritable objectives or for general
charitable purposes. The trustees cu￿entlY have a policy of supportingy festivals. institutions and
organisations specialising in musi¢ and arts perfonnance education in a social or therapeutic context and in
organisations involved in young people's welfare, a particular interest being tbe role of music in the lives of
disabled and talentd able children l￿d young people.
This is achieved through the making of &Tmual grants from the income accumulated each year.
However, the trust deed docs allow the tnJ8tees to make grants outside these immediate objectives and in
these cases it is applications from the South West which tend to be considered or where the trustees have
local links. A dialogue with some of the recipient ¢haTities has been maintained for some years.
Management and governance arrangements
There four trustees at present. Mr R A Fl¢t¢h¢r OBE(Chair) and MI W D R Fletcherfsons of Joyce
Fletcher) have been trustees since the trust w&$ created. and Mr S P Fletcher and Mrs S C Sharp(grand-
Children of Joyce Fletcher) were appointed trustees in 2004. Any new trustees would be identified and
appointed by the remaining trnstees. The chair of trustees is responsible for the induction of any new
trustees, which would involve awareness of a trustee's responsibilities, the governing document,
administrative procedures and the history and procedures of the charity. A new trnstee would r¢ecive copies
of the pTeviou% yeaT'S annual report and a copy of the Charity Commission document "The Essential
Trustee: What You Need to Know"(CC3).
The trust has considered its Safeguarding responsibilities with regard to recent legislation and public
concerns, and it has concluded that it does not fall within the registration requirements of the DBS Code of
Practice, as the role of the trust is purely to make grallts. When trustee visits are made to r¢¢ipi¢nt
organisations, these are always hosted or escorted by their personnel.
The tr￿Stee$ annllally review the risks that the charity faces. To date, these have been mainly related to
investment management. A policy of wide diversificatiorA is Maintai￿ed with a view to creating income and
reasonable asset growth. Bi-annual meetings are held with the investment manager, and regular contact is
maintained through the year.
Page 2

THE JOYCE FLETCHER CHAR￿ABLE TRUST
REPORT OF THE TRusfEES
FOR THE YEAR ENDED 5 APRIL 2022
Procedures and policy for grant-making
The trust is entirely a grant-making trust and has no property or HR rcsp)nsibilities. Applications are
considered in 8eptembeT to Nov¢mber each year, and grdnts are made wly in December. Grants usually
range from £500 to £5000. The major purwse of the tru￿ is to support Music and the Arts in a Therapeutic
or Social Context. A good proportion of grants are repcaL8 but some new ones arc added each year as others
fall away. The trustees try each year to ap￿)rtIOn the grants to cover both high ability and
disadvantageldisability in the perfonning arts well &$ wver the age ranges of children and young people.
Geographic spread in the South West and a representative range of perfonning arts activities are also strong
criteri(t for th¢ choices. Feed-back is expected and visits are made to assess the impact of grants. Only very
rarely will a graut be made lo an individual. usually already known to the tru8t¢es.
Applications are accepted throughout the year by letter. There is no fomial application forn]. Evidence of
past viability and records, including financial. is required. Successful applicants are usually registered
charities. The deadline for applications is I st November, assuming funds are still available. New applicants
are $tron£ty advised to write before Ihis? preferably in September. Telephone enquiries are accepted. An
infom]ation We￿sIte was set up in August 2010 to assist enquirers -
www.
ceflelchercharitablelrust.co.uk. Emailing is only used at the consideration stage of grants.
Rejection letters are sent only if a stamped addressed envelope is Provided by the applicant or if the
application was only narrowly rejected. Email restK)nses may also be made.
Correspondence has increased io about a dozen applications a montlL there being an increase in hopeful
applications from outside the South West or the trusi's core objectives. Acknowledgements are sent to those
which enclose a Starn￿d addressed envelope or email address. AIK)ui 60 rejection letters or emails were
sent out in November to applications which were closely considered but could not be fjjnded. Support is
only very Tarely given to individuals, students or non-regislered charities. The trust is not able lo arrange
auditions for graduate or post-grdduate applicants, and they are not encouraged to apply. There continues
to b¢ an increasing emphasis on grants to 8rts bodies which are working with children and young people in
th¢ South West. Support is unlikely to be given for areas which are the responsibility of statutory authority
funding. Support is unlikely to be given to purely professional music or arts promotions.
Page 3

THE JOYCE FLETCHER CHARrfABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 2022
Aebievement and perfornianee of the Trust
The distribution of grants took place in the middle of November 2021 to a total of £85,500 (£61,500 in
November 2021). Because of the Covid-19 pandemic the grdni date was again brought fonvard to avoid the
Christmas peak period for wsting. the trustees decided largely io continue supwrt to existing recipients,
while incre&sing the number of new or revival recipients to 10. There was an increased emphasis on caring
and therapeutic services. The largest grants was £5,000 to Welsh National OpeTa(for Programmes and
Engagement projects) and Drake Music(music therapy for disabled musicians). Grants were made to 40
charities(29 in 2021).
There were overlaps between the objective categories but the distribution be￿¢¢ll these was
33 % Music and Arts education £29,000
400/0 Music in a social & therapeutic context £39,500
17 % Children and young people £12,000
10 % Other objectives £5.000
The geographical distribution of the 40 grants w&s as follows:.
South West 32
National charities 8
All grants except one were made to registered chariiies or CIC8. One individual's grant was made this
year:. a drama sludent in her third year at the Rose Bruford School.
The trustees have reviewed their"public benefit- responsibilities and believe that these have been carried
out to the best of their abiliti¢s. Letters of receipt from successful applicants have been filed. Selcction for
rants is necessarily arbitrary and subjective, given the availability offund8. and some applicants will sadly
have been disappointed. Some new applicants are successful each year. Assessment of the effectiveness of
the grants 15 obtained via visits and reports-back from recipients. those from whom no reports are received
are utilikely to receive further grants.
The only expenses incurred by the trust have been those for thc annual accounts, the independent
examination, banking and the investment rnanagement. All other expenses have been borne personally by
the trustees.
Page 4

THE JOYCE FLETCHER CHARTTABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 2022
Financial review, investment policy and reserves
Under the tem of the trust deed the trustees hav¢ full and u1]restric￿ powers of investment.
The trnstees are satisfied tbat the trust's assets are available and adequate to fulfil its objectives. The tsuste¢$
have set an investment policy with a medium level of risk. The trustees have expressed their considerable
appreciation of th¢ services they receive trom their investment manager.
The bulk of the income is to be distributed each year, though a modest sum retained to cover a likely
decline in income as a result of the pandemic. Th¢ income from investments for the year was £129,757
(£50,569 last year). The rise in grant activity this year occurred partly IKcause some income had been
retained from the PTevious year &s a precaution.
Although the t￿Stee$ have the power to gift the capital, the investments from capital are the main source of
ongoing income, so the fund is invested with the objective that it increases or at leasl retains its real Vdlue in
the medium terni. The portfolio is now largely invested in the Cazenov¢ Charity Multi-Asset Fund. for ease
of adrninistration. The trustees endeavour to make charitable distributiong and professional payments each
yeaT to use up the income in any one year but retain a small percentage in the the event of a sudden fall in
income in a subsequent ycar, thus protecting obligations to regular recipients.
The trust employs Cazenove Capital Management as investtnent advisor and manager. Bi-annual meetings
are held with them. and contact is maintained between these occasions. They charge a percentage fee of
£8,819.53. The trnste¢s have chosen not to adopi fomial ethical investment policies.
After grants and operational expenses of £96,414 (£81,469 last year), the net surplus for the year was
£33,343 (net deficit of £30,900 last year). After taking account of other gains(losses), there w&s a net
increase in funds of £144,222. Also, there was a net increase in unrestricted funds of £42.757 (last year
there was a decre&8e of £13,326). At the end of the financial year. reserves were £97,762. Th¢ adeqU4￿Y of
the reserves polRcy is reviewed annually.
Future plans
'rhe trustees intend to continue providing grants in a similar way to the recent past continuing the emphasis
on supporting festivals, institutions and organisations, specialising in music perfornjance education in a social
and therapeutic context and of organisations involved in children's welfare, with particular interest in the role
of music in the lives of the disabled and the disadvantaged, but Tctsining flexibility as to the scal¢ of grant
making.
Page 5

THE JOYCE FLETCHER CHARrrABLF TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRtL 2022
Statement of truste¢s' responsibilities
Charity law requires the Iru8lees to prepare financial statements for each financial y¢ar whicb show a tTU¢ and
fair view of the state of affairs of the Charity and its. financial activities for thai period.
In preparing those financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.
2. make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standards and statements of recommended practice have been
followed, subject to any departures disclosed and explained in the fmancial statements;
4. prepare the financial stutetnents on the going concern basis unless it is inappropriate to presume that
the charity will continue in operdtional existence.
The trustees are responsible for keeping proper accounting records vlhich disclose wÈth reasonable accuracy
at any time the financial position of the charity and to enable them to ensure thai tbe financial stafrrnents
comply with the Charities Act 2011. They are atso responsible for safeguarding the assets of the charity and
hence for takin8 reasonable steps for the prevention and detection of fraud and other irregulariti¢s.
Independent Examiner
The trust has appreciated the services of its independent examiner who also prepares the annual accounts,
noting a savings in wsts as well as a more responsive service than the predecessors.
Signed on behalf of the trustees
R A FLETCHER
DATE
Page 6

. MJR trusts
REPORT OF THE INDEPENDENf EXAMtNER TO THE TRUSTEES OF
THE JOYCE FLETCHER CHARITABLE TRUST
I report on the accounts of th¢ Trust for the year end￿1 5 April 2022. which are set out on pages 8 to 16.
Reypective responsibilities of trustees examiner
The ¢harity's trustees ar¢ responsible for th¢ preparation of the accounts. The ehaTitys truslees
consider that an audit is nol requircd for this year undcr section 144 of the Charities Act 2011
(the Charities Act) and that an independent examination is neede41.
It is my responsibility to..
examine th¢ accounts under $￿tIOn 145 of the Charities Act.
- to follow th¢ procedures laid down in the general Dire¢tions given by the Charity Commission
under section 145(5Xb) of the Charities Act- and
- to State whether particular matters have com¢ to my attention.
Basi$ of independent examiners ye￿rt
My examination was carried out in Accordance with the Genernl Dirertions given by the Charity
Commission. An examination includes a revi¢w of the accounting records kept by the charity
and a comparison of th¢ accounts presented with those records. It also in¢ludes consideration of
any unusual items or dI￿lOSUre5 in the accounls, and seeking explanations from you trustees
conc¢ming any such matlers. The proccdures undLrtaken do not provide all th¢ evidcnce that would
be requircd in an audit. and consequently no opinion is given as to whether the ac¢ounts present a
'true and fair view, and the rep)rt is limited to those matters sel out in the stst¢ment below.
Indepelldent examiner8 ststemenl
In connection wilh my examination, no matter has come to my attention..
(l ) which gives me reasonable cause to believe that in any material respect the requir¢menlS
to keep accounting records in ac￿rdanC¢ with s¢ction 130 of th¢ CharitA¢s ACL and
- to pr¢pare accounts which accord with the accounting records and comply with the accountin8
requirements of the Charities Act
have not been met- or
(2) to which. in my opinion, attention should be drawn in order to ¢nabl¢ a Proper understanding
of the accounts to be reached.
Nam¢'. Morgan Jamcs Rigby
Relevant professional qualtfication or body:
Address: InglenooL 509 New Mill Road Brockholes, Holmfuth. HD9 7EG.
Dats.. 20
2022
Page 7

THE JOYCK FLETCHER CHAIUTABLE TRusr
sTATEl￿ENT OF FINANCIAL AcfIviTIES
FOR THE YEAR ENDED 5 APRIL 2022
Unrestricted
Funds
Endowment
Funds
Totsl
Fwnds
Total
Funds
Nots
2022
2021
Ineome and expenditure
Income and F.ndowments from:
Donations and legacies
Investments
Oth¢rs- tax repayment
543.146.81
50,569.20
129,757.39
129,757J9
Total income andendowments
129,757.39
0.00
129.757J9
593,716.01
Expenditure on:
Charitsblc activiti¢s
Rai8ing funds
-87.0(Xi.(Kl
47,1)IMI.00
-9,414J6
-63.895.00
-17.573.86
-9.414.36
Net galnsl(losses) on invejtments:
Realised
Unrealised
567,762.80
-96,355.72
110,879.40
110079.40
Trall8fers between funds:
Nei movemenls infunds
42,757.39
101.465.04
144222.43
983,654.23
Reeonelllatlon of funds
Total funds brought forward
55.004.77
3,496,941.79 3J51.946.56
2,568,292.33
Totalfvth ci7rrledf0rw￿d
97 762.16
3 598 406.83
3 696 168.99
3 551946.56
The accompanying notes forni an inte8rn1 part of these financial ststements.
Page 8

THE JOYCE FLETCHER cllAR￿ABLF TRusr
BALANCE SHEET AT 5 APRtL 2022
Note
2022
2021
Fixed assets
Investments
3.287.059.00
To¢alfixed afsets
3J88JKI.00
3,287.059.00
Current *&4ets
Bank and deposit balances
Debtors
io
12
109.16&99
267.282.56
109,16&99
267.282.56
Current Ilabllltles
Creditors due within one year
13
-1
-2,395.00
Nei currenl afsets
107,668.99
264.887.56
Nel as.feLI
3 696 168.99
3 551946.56
The funds of the eb*rity:
Unrestricted funds
Endowment funds
14
97.762.16
3J98,411&83
55,004.77
3,496,941.79
Total charityfvdf
3 696 16&99
3 551946.56
The financial statements w¢r¢ approved by the tn￿tee$ oft
R A Fletcher
S C Sharp
W D R Fletcher
S P Fletcher
The accompanying notes fiTrrm an integrdl rArt of these f￿anCIal st2tem¢nts.
Page 9

THE JOYCE FLETCHER CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEMElYts
FOR THE YEAR ENDED S AP]UL 2022
I. PRINCIPAL ACCOUNTING POLlCtES
Basis of preparation
The accounts are in accordance with applicable accounting standard& The Charities SORP 2015
{FRS 102) and cornply with the Charities (Accounts and Reports) Regulation8 issueil under
the Charities Act 2011. The accounts have been prepared on the historical rA>St convention
with the exception that investments are ststed ai market valuc.
Ineome
Investment income is ￿Corded when receivable.
Leg&¢y income is reCo￿tSed when il can bc measured or &stimat¢d with sufficient reliability.
Eipendlturfr
Expenditure on grants is recorded once the Tnst ha5 made an unconditional committnent lo pay the
grant and this is communicated lo the beneficiary or the grani has been paid, whichever is th¢ earlier.
The trust has not made any grdnt commilments of more than one year.
Other expenditure is included in the accounts on an accruals b&sis. trrecoverable VAT is ¢harged to
the SOFA as incurred.
Any Costs associated with the sale or pur¢hase of inve3lments are accounted for as part of the sale or
purchase price of the investments.
Investments
Quoted inv¢stm¢nts have been valued at market valu¢ at the balance sheet date.
Realised and L￿)realIsed investsnent gains and losses are shown net in the SOFA.
2. TAXATION
The Trust is a registered charity and accordingly is exempt from tsxation on its income and gains where
they are applied for chari&ble purposes.
3. DONATIONS AND LEGACIES
2022
2021
SOu￿e of donations and legacies
F J Reddihough 1942 Settlemeni - c&8h
F J Reddihough 1942 Settlement- investments
543.146.81
Page 10

THE JOYCE FLETCHER CHARITABLE TRusr
OTES TO THE FINAI¥CIAL STATEMEKrs
FOR THE YEAR ENDED S APIUL 2022
4. INVESTMENf INCOME
2022
2021
Source of investment income
Investments
C￿h at bank
129,746.21
11.18
129,757.39
50.569.20
50.569.20
. CHARITABLE ACTIVITIES
2022
2021
GIL4NTS PAID:
Bath Area Play Project
Bath City Farni
Bath Fringe Festival
Bath Philhamonia
Bath Radio
Batheaston New Village Hall
Bristol Children's Hospitsl - Grand Appeal
ChAnging Tunes
Children's H05pice South West
Christmas for Kids.
Combat Stress
Cre&te Art
Creative Youth Network
Dorothy House Hospice
Drake Music
Drama Express, Cornwall
Duk¢ of Edinburgh's Award
Edington Music Festival Association
English Touring Opern
Friends of Cantcrbury Cathedral ("Palimpsest')
Hall for Comwa]l Trust
Holburne m￿eum
Hope and Homes for Chtldren
Jessie's Fund
Kandu Arts
Last Baguette, Maimesbury
2,000.00
I,{M￿.00
10(M).00
2.000.00
3,000.00
3,000.00
1,000.00
1000.00
2,0(Ki.00
2.IMIO.00
2,1)￿.00
2,000.00
i.000.00
2,000.00
2,000.00
2,000.00
lo￿.00
2,000.00
2,000.00
5,000.(KI
I.￿).00
5,000.00
1,000.00
2,000.00
10(K).00
000.00
3,000.00
1,000.00
5,000.00
2.000.00
2,000.00
2,(MKI.00
3WO.(N)
2,IMMI.00
2,0(M).00
1000.00
i￿00.00
1.500.00
4&000.00
39.500.00
Page 11

THE JOYCE FLETCHER CHARITABLE TRusr
NOTES TO THE FINANCIAL STATEMElYfS
FOR THE YEAR ENDED 5 APIUL 2022
5. CHAIUTABLE ACTIVtTIES (¢oDtinued)
2022
2021
Brought forward
4&0W.00
39.500.00
GRANTS PAID (continued)
Magdalen Fami Strings
Mentoring Plus Ltd
Mid-somerset Festival
Music for Miniatures
Natwa] Theatre Company
Next Stage Theatre Company
Plymouth Music Zone
Quartet Community Foundation
Resolve West
Re-work
ROSL Arts
RUH Arts(RUFI Charitable Foundation)
Sound Waves South West
Soundwell Music Therapy Trust
ThLartr¢ Royal Plymouth
Travelling Light Thcatre Company
Voices for Life
Welsh National Opera
Wiltshire Music Centre Trust Ltd
Winchester, Nanouri(drama student)
Young and Free, Bristol
I￿(￿).00
2,000.00
2,000.1)O
1,500.(M)
2,000.00
2,000.00
2,000.00
2,000.00
2,(M)O.00
2,000.00
i.000.(
I,￿0.00
I,(M)O.(M)
2.￿0.00
3,000.(M>
3.1)00.IK)
3,000.00
3,￿0.00
2.(KiO.00
I,(M)O.00
5,000.00
3,000.00
I,soo.
1,000.00
1,000.110
2,000.00
2,000.00
4,000.00
2.000.00
1,000.00
1,000.00
85.500.(M)
61,500.00
GOVERNANCE COSTS
Accountancy charges
Independcnt examination charges
Tax repayment claim
Charity Commission compliance
i.000.00
380.(KI
1,895.00
380.00
120.IKI
120.00
2,395.00
IJOO.IM)
87,000.00
63,895.00
Page 12

THE JOYCE FLETCHER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENrs
FOR THE YEAR ENDED 5 APRIL 2022
RELATED PARTY TRANSACTIONS
None of the trt￿tee$ were paid any remuneration or expenses by the charity during the year (2021 none).
7. CHARITABLE EXPENDITURE
The charity did not undertake any activity direcily met its charitsble purFM)ses by making grants.
. COSTS OF RAISING FUNDS
2022
2021
Investment advisors I managers charges
Cazenove 'legal entity identifiel ch8rges
Cazenove debit interest ¢harged
Coutts bank charges
17,461.86
75.19
36.81
70.48
524.35
9 414.36
17 573.86
The charity did not have any staff costs (2020 none).
9. INVESTMENTS
All investments were held in ihe UK and listed on a recwised stock ex¢h8ng¢:
2022
2021
UK listed investmenls
Carrying value (market value) al 6 April 2021
Add: additions at cost
Less.- disposals
Ad￿dedUCt.. net gainl(loss) on DisFrf)sa]s
Addld¢duct'. net gain/(loss) on revaluation
Carrying va]ue (maTket va]ue) at 5 April 2022
3387,059.00
301,503.73
-110,942.13
2,472.166.00
3,828.594.33
-3,485,108.41
567,762.80
-96,355.72
3,287,059.00
110,879.40
3,588,500.00
Historical cost
3.572,663
3,382,606
Dislributions received (gross)
Distributions received (n¢t)
129.746.21
50,569.20
129.746.21
50,569.20
Full detail of the investments and income receiveil 8R set out on the schedules 8itached to these
accounts.
Page 13

THE JOYCE FLETCHER CHAIUTABLE TRUST
NOTES TO THE FENANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2022
10. BANK AND DEposfT BALANCES
Interest
reeeived
gross
2022
2021
Coutts & Co
Ca£enuYe in¢ome account
Cazenove capita] a¢count
403.01
,410.74
1&355.24
109,168.99
927.36
46,657.08
219.698.12
267.282.56
9.29
11.18
11. CONTINGENT ASSETS
Mr R A Flfflcher has &8signed all of his iTrter&8t in The Frederic John Reddihou8h 1942 Setilemcnl to this Settlement.
Payments on account were reeeiv¢d in 2016 - 2017 and the balance was received l&si year.
According to the Distribution Statements supplied by Lloyds B8nK the filll amount due now be￿ ￿e1ved.
12. DEBTORS
2022
2021
Income Tax refund
Inve3lment Income
0.00
Page 14

THE JOYCE FLETCHER CHARITABLE TRUST
NOTES TO THE WINAI¥CIAL STATEMEiYrs
FOR THE YEAR ENDED 5 APRIL 2022
13. CREDITORS
2022
2021
Accountancy and independent examination charges
repayment claim charge
Charity Commission compliance charge
IJ80.(M)
2.275.00
120.110
120.00
2 395.00
14. FUND ASSETS AND LIABILITIES
Unrestricted
Funds
EDdowmellt
FuDds
Tolal
Funds
Fixed Asset Investments
Current Assets
Curtnt Liabilities
3,588.500.IKJ
9,906.83
3,588,500.00
109,J6¥.99
-1,500.00
99,262.16
-1.500.
Total
97 762.16
3 598 406.83
3 696 168.99
The urtrestr1￿ed fimds (income) of the eharity may be applied for any charitsbl¢ puwe at the
discretion of the trustees. tuntil 3 April 2008, the trusttts had the power to a￿UMUlate income
and hold the same as an accretion to eapitsl.]
The expendable endovmienl (capital) and additiorLS thereto are invested and the income wed for
ny charitsble purpose at the dis¢r¢tion of th¢ trustces. tTht ex￿ndabl¢ cndowmcnt may ￿$0
be spent at the absolute discretion of the trustees.]
Page 15

'J'HE JOYCE FLETCHER CtL4RITABLE TRUST
CHEDULE TO TIIE FIYANCIAL sfATEME.YTS
I,'OR THE YEAR EP4DED S APRJL 2022
I. SCHEDULE OF INVESTM￿s AND INCOME RECEIVF
N￿￿1[￿1 5 ￿12￿21
AthJit*
OllTeVd￿Irn 5 Apnl 2022
5 April 2022
%IJTL caz¢nO￿ thHrity NURS Fund
L'hoTIty MuJts.As5¢t Fund
'%' CJLIP Distribution uniL8
'gu￿11$all0￿ 27 May 2021
purchayed 03 June 2￿11
purCh￿d 03 Auwi 2021
(luoll￿tIOn 27 Auwi 2021
LqUall￿tioll 29 November 2021
5,595,149
3.185J19
23,874.50
33,541.44
35,44101
36.383.53
t71,740
337.041
ioi.(
-149
426
6.103,93
111,383
3.58&5C
3.J72,663
Allianz Globd Investtts Fund SICAV
Allianz China Equity Fund
'WT' IGBPI ￿￿umUl￿10n $hJTes
xce5s rep￿tIn8 ￿G￿l￿)￿ta
147.34
147
-147
Jl? Mor8Bn Liqwdity Funds SICAV
JP Morgen GBP Liquidj'ry LVNAV Fund
' disiribullon thares
J(Fld 02 Jun¢ 2021
101.740
-101,740
101.740
-101.740
N4ulii Units Luxembourg SICAV
MU l.yxor Cor¢ US TIPS IDRI UCtTS E1F
Monthly hedged'D' GBP distributi￿ shwes
eXCC5s reportin8 income a￿UmUla￿d
¢x¢ess rcp¢xtin8 iD¢omÈ Wun￿at¢d
299.55
56.84
57
-356
,287.059
301.504
-J10,942
110.879
3.588,500
3,572,663
129,740.21
P4e 16