THE JOYCE FLETCHER
CHARITABLE TRUST
AccouNrs
FOR THE YEAR ENDING
5 APRIL 2023

THE JOYCE FLETCHER CIL4RrrABLE TRusr
coNrENTS
PAGE
LEGAL AND ADM￿lsTRATIvE DETAILS
REPORT OF THE TRUSTEES
REPORT OF THE INDEPENDENT ExAM￿ER
STATEMENT OF FINANCIAL ACTivmES
BALANCE SHEET
NO'I'ES TO THE FINANCIAL STATEMENTS
I PRINCIPAL ACCOUNTING POLlCtES
10
2 TAXATION
io
3 INVESTMENT INCOMF
4 CHARJTABLE ACTIVITIES
5 RF.I.ATF.D PARTY TRANSACTJONS
13
6 CHARITABLE EXPENDITURE
13
7 COSTS OF RAlStNG FUNDS
13
8 INVESTMENTS
13
9 BANK AND DEPOSIT BALANCES
14
10 CONT￿GENT ASSETS
14
I I DEBTORS
14
12 CREDITORS
15
13 FUND ASSETS AND LIABILrrIES
15
SCHEDULE TO THE FtNANCIAL STATEFfftITS
I SCHEDULE OF fNVESTMENTS AND INCOME RECEtVED
16

THE JOYCE FLETCHER CHARTTABLE TRUST
LEGAL AND AMINISTRATIVE DETAllS
Charity name
and registration number.
The Joyce Fletcher Charitable Trust
Registered Charity Number 297901
Correspondence address..
68 Circus Mews
BAI 2PW
Governin8 document:
Trust Deed dated 3 April 1987
Tru5t¢es.'
Robert Andrew Fletcher OBE (Chair of Trustees)
William David Reddihough Flet¢her
Stephen Peter Fletch¢r
Susan Carol Sharp
Bankers..
Coutts & Co
440 Strand
tA)ndon
WC2R CQS
Investmenl advisors and managers:
Cazenove Capita] Management
Schroder & Co. I,imited
l London Wall Place
London
EC2Y SAU
Independent examlner:
Morgan James Rigby
MJR trusts
Ing1¢n(￿k. 509 New Mill Road
Brockhol¢s
Holmfirth
HD9 7EG
Page I

THE JOYCE FLETCHER CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 21)23
History?
objectives and activities of the Trustees
Joyce Irene Fletcher was born in 1911 and maTTied William Kenneth Fletcher in 1935. They had two sons
William David Reddihough Fletcher and Robert Andrew Fletcher.
The chi￿1table Trust was established on 3rd April 1987 by Mr W K fletcher in consultation with his sons,
ag a way of directing some of ihe family's wealth to a variety of good causes largely in the fields of the Arts
and other charitsble caus¢s. Additional sun]s have been added to the trust funds, such as on the death of Mr
W K Fletcher. the assignment of Mr R A Fletcher's interest in the FJ Reddihough 1942 Settlement(father of
Mrs J I Fletcher) and by life-time gifts from Mr R A Fletcher. Both the initial donation and the additional
amounts donated since then have been under tern]s which allow the trustees either to retain the amounts &s
capital or to spend them.
The trust deed gives the trustees th¢ power lo apply the funds lo specific charitsble vbjectives or for general
charitsble purpos¢s. The trustees currcntly have a tM)licy of supporting festivals. institutions and
organisations sp¢cialising in music and arts perfomiance education in a social or therapeutic context and in
organisations involved in young people's welfare. a particular interest betng the role of music in the lives of
disabled and talented able children and young peopl¢. VirTr4ally all recipienls are themselves charilies.
This is achieved through the makin8 of annual grants from the inwme accumulat￿ each year.
However. the trust deed does allow thc trustees to makc grants outside these immcdiafr objectives and in
tbese cases it is applicalions from the South Wesl which tend to ￿ considered or where the trustees have
local links. A dialogue with some of the recipient charities h&s been maintained for some years.
Management and governance arraDgem¢nts
There are four trustees at present. Mr R A Fletcher OBE(Chair) and Mr W D R Fletcherfsons of Joyce
Fletcher) have been trustees since the trLLSt was created, and Mr S P Fletcher and Mrs S C Sha￿(grand-
children of Joyce Fletch¢r) were appointed trustees in 2004. Any new trustees would be identified and
appvlnied by ihe remaining trustees. 'l]]e chair of trusiees is resp)nsible for the induction of any new
trustees, which would involve avrarene&s of a tn￿tee'S responsibilities, the governing document,
administrative procedures and the history and procedures of the charity. A new trustee would receive copies
of the previous year's annual report and a copy of the Charity Commission document 'The Essential
Trustee: What You Need to KnoW'(CC3).
The trust ha5 considered its Safeguarding responsibilities with regard io recent legislation and public
concerns, and it has conclud¢d that it does not fall within the registration rcquirements of the DBS Code of
Pra¢tiLe, as the role of the Irust is purely to make grants. When trustee visits are made to recipient
organisations, these are always hosted or escorted by their personnel.
The trustecs annually review the risks that the charity faces. To dale. these have been mainly related to
investment management. A wlicy of wide diversification is maintained with a view to creating income and
reasonable asset growth. Bi-annual meetings are held with the investtnent manager, and Tegular contact is
Maintain￿ through the year.
Page 2

THE JOYCE FLETCHER CHARrfABIE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 21)23
Procedures v4nd policy for gr8nt-making
The trust is entirely a grant-making tr￿st and has no prO￿ty or HR responsibilities. Applications are
considered in Septemkr to November ¢ach year, and grdnts are made early in DecemE*r. Grants usually
Tange from £500 to £5000. The major purpose of the trust is to support Music and the Arts in a Therapeutic
or Social Context. A good proportion of grants are repeats but some new oncs are added ea¢h yeat as others
fall away. The trustees try each year to apwrtion the granL8 to cover both high ability and
disadvantageldisability in the perfonning arts well as cover the age ranges of childrcn and young people.
Geographic spread in the South West and a representative rdDge of perforniing arts activities are also strong
criteria for the choices. Feed-back is expected and visits are made to assess the impact of grants. Only very
rarely will a grant be made to an individual, usually already known to the tr￿s.
Applications are accepted throughout the y¢ar by letier. There is no forn)aI application forn. Evidence of
p&%t viability and ￿CordS, including financial, is required. Successful applicants are usually registered
charities. The deadline for applications is 1st November. assuming funds are still available. New applicants
are strongly advised to write before thisi preferably in September. Telephone enquirie5 are accepted. An
infonnation web-site was set up in August 2010 to &ssist enquirers -
¢efletchercharitabletnLSt.co.uk. Emailing is only used at the consideration stsge of &yrants.
Rejection letlcrs are scnt only if a stamped addrcsscd envelopc is provided by the applicant or if th¢
application was only narrowly rejected. F.mail restM)nses may also be made.
Correspondence has remained at aknut a dozen applications a month. Acknowledgements are sent to those
which enclose a stamped address¢d envclopc or email address. About 60 Tejeclion letters or emails were
sent oul in November to applications which were closely considered but could not be funded. Support is
only very rarcly given to individuals, students or non-registered charities. The tr￿sl is not able to arrange
auditioThs for graduate or post-graduate applicants, and they are not encouraged to apply. There continues
to be an increasing emphasis on grants to arts bodies which are Working with children and young people in
the South West. support is unlikely io be given for areas which are the responsibility of statutory authority
funding. Support is unlikely to b¢ given to purely professional music or arts promotions.
Pa8e 3

THE JOYCE FLETCHER CHARrtABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 2023
Achievement and perfonnance of the Trust
The distribution of grants took place in the middle of November 2022 to a total of £99.500(£85,500 in
November 2021). The grant date was again broughi forward to avoid the Christmas peak peri(Kl for
posting. the trustees decided to continue supwrt to 37 existing r¢cipients, while makin8 new grants to 6 new
recipients. The largest grants w&8 £8.000 to Welsh National Opera(for Programmes and Engag¢ment
projects). Grants were rnade to 43 ¢haritie447 in 2021) and one choristsr parent towards school fees.
There were overlaps between the objective categories but the distribution between these w&5
430/0 Music and Arts education £43.500
240/0 Music in a social & therdpeutic context £23,000
180/0 Children and young people £18,000
15 % Other objectives £15,000
The geographical distribution of the 43 grants was as follows:_
South West 37
National charities 6
The truste¢s have reviewed their-public benefit" res￿nSibIlItieS and believe that these have been carried
out to the best of their abilities. The amount granted has been the largest in the trust's history and is possibly
unlikely to be repeated. The overall ¢mphasAs has been on the role of the artslmusic and theatre for young
people) to alleviale stress and encourage ¢￿atiVity and resourcefulness in very difficult times. Outstandiiig
memori¢s from trustee visits have been a garden theatre production of "King Arthur" for families, a music
therapy workshop, music in a prison and also an a￿OUnt of a music therapy s¢&sion calmin8 a young
hospital patient f￿1n8 a critical operation.
The only exp¢ns¢s incurred by the trust have been those for the ar￿Ual accounts, the independent
cxamination, banking and the investment managem¢nL All other expenses have been borne personally by
the trustees.
Page 4

THE JOYCE FLETCHER CHAR￿ABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR EIYDED S APRIL 2023
Finvdncial review, investment policy and reserves
Under the ternis of the trust deed the trustees hav¢ filll and unrestricted powers of investment.
The trustees are satisfied that the trust's &8sets are available and adequate to fulfil its objectives. The ttustees
have set an investment policy with a medium level of risk. The truslees have expressed their considerable
appreciation of the services th¢y receive from their investment maDager.
The bulk of th¢ income is to be distributed each year. though a modest sum was retained to cover a likely
decline in income as a result of the pandemic. The income from invcstments for the year was £149.157
(£129.757 last year). The rise in grant activity this year 0￿Urred partly because some income had been
retained from the previous year &s a precaution.
Although the trustees 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 Incr￿Se3 or at least retains its r¢al value in
the medium terni. The tM)rtfolio is now largely investcd in the Cazenove Charity Multi-Asset Fund. for ease
of administration. The tntstees endeavour io make charitsble distributions and professional payments each
year to use up the inc()mc in any one year but retain a small ￿rCentage in the event of a sudden f￿1 in
income in a subs¢quent year, thus protccting obligations lo r¢gular recipients.
The trust ernploys Cazenove Capital Management as investment advisor and manager. Bi-annual meetings
are held with them, and contsct is maintained between these occasions. They charge a percentage fee of
£8,684.59. The trustees have chosen not to adopt fonnal ethical investsn¢nt policies.
After grants and opcrational exp¢nses of £1 l 0,138 (£96.414 last year), the net def1Clt for the year was
£39,019 (net surplus of £33,343 last year). Elowever, after tsking accounl of other gains(losses), there was
a net decre&8e in funds of £241,760. The net increas¢ in unrestricted funds w&s £48.107 (last year there was
an increase of £42,757). At the end of the financial year, reserves were £145,869. The adequacy of the
reserves policy is reviewed annually.
uture plans
The trustees int¢nd to continue providing grants in a similar way to the recent past wntinuing the emphasis
on supporting festivals. institutions and organisations. specialising in n]usic ￿r[oM￿￿ct education in a social
d 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 retaining flexibility as to the scal¢ of grant
making.
Page 5

THE JOYCE FIITCHER CHARTTABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 5 APRIL 2(123
Statement of trnstees, responsibiliti
Charity law requires the trW¢es to Ptepare financiaI statements for each financial year which show a and
fair view of the state of affairs of the charity and its financial wiivities for that p¢riod.
In preparing those financial stalement4 the tr￿SteeS are requitcd to:
select suitabl¢ accounting policies and then apply th¢m consistent]y'
2. make judgements and estimates that are reasonable and prudent;
state whether applicable accounting slandards and statements of recommended practice have b¢en
followed, subject to any departures disclosed and explained in the financial statements:
4. prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the charity will continue in operational existence.
I'he thjstees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the financial position of the charity and to enable them to cnsure that the financial statements
comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and
hence for taking reasonable steps for the prev¢ntion and detection of fraud and other irregul￿7t1es.
Independent F,XVdmin¢r
The trusi has appreciated the servi¢¢s of its independent ex4miner who also prepares the annual accounts,
noting a savings in costs as well as a mor¢ responsive service than the pred¢cessors.
Signed on behalf of the trustees
R A FLETCHER
23
DATE
Page 6

. AUR tnuts
REPORT OF THE INDKPENDENf EXAMINER TO THE TRUSTEES OF
THE JOYCE FLETc1￿R CHARrfABLE TRUST
I report on the accounts of the Tn￿1 for the year ended 5 April 2023. which are set out on pages 8 to 16.
Respective responsibilltles of tru8teeJ and ex4miner
The ¢haritys trustees are responsible for the preparation of the accounts. The Charitys th]stees
¢onsid¢r that an audit is not required for this year under sxtion 144 of the Charities Act 2011
(the Charities Act) and that an independent examination is needeoj.
It is my responsibility to:
- examine the accounts under section 145 of the Charlties ACL
- to follow the procedures18id down in the g¢n¢rnl Direciions given by the Charity Commission
under section 145(5Xb) of the Charities Acl. and
- to state whether particular matters have come to my attention.
Basis of independent examlners report
My examination was carried out in accordance with the Genernl Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity
and a comparison of the accounts preS￿ted with those records. It also includes consid¢ration of
any unusual items or disclosu￿S in the accounts, and seekin8 explanations from you as In￿leeS
c(>ncerning any such matters. The procedurcs undertaken do nol providc all the evidence that would
be required in an audit, Mnd consequently no opinion is given to whether the accounts pres¢nl a
Ini¢ and fair view and th¢ rcp)rt is limit¢d to those matters set out in the statement below.
Independenl e￿MInerS s¢atemenl
In connection with my examination, no matter has come to my attention:
(l) which gives me reasonable cause to believe that in any material respect the r¢quirements
to kotp accountin8 rw)rd3 in a￿ordAnG￿ with 5CCtion 130 of th¢ Charities Act" athd
- to prepare accounts which accord with thc accounting records •nd comply wlth the accountin8
requirements of the Charities Act
have not been mel. or
(2) to which, in my opinion, attention should be drawn in order to enabl¢ 8 proper understsndin8
of the a￿OuntS to be reached.
Nam¢.' Morgan James Rigby
Relevant professionaI qualification or body.. A.T.T.
Address: Inglenook, 509 New Mill Road. BttKkhole4 Holmfirth. HD9 7EG.
Date: 12 2023
Page 7

THE JOYCE FLETCHER CHARITABLE TRUST
STATEMENf OF FINANCIAL ACTivrrIES
FOR THE YEAR ENDED 5 APRIL 2023
Unrestricted Endowment
Funds
Funds
Total
Fulldg
TotAI
Funds
2022
Note
2023
Ineome and expelldlture
Ineome and Endowments from:
Investments
Others- tax repayment
149,157.32
149,157J2
129,757.39
Total income andendowments
149.157.32
149.157J2
129,757.39
Expenditure on:
Ch¢irilable activities
RAisin8 funds
-101,050.00
-101,050.00
-9,087.59
-87,000.00
-9,414.36
-9,087.59
Net g4insl(1088eg) on Invejtments:
Realised
Unrealisol
-280,780.00
-280,780.00
110,879.40
Transfers between funds:
Nel movemen1$ infynds
48.107.32
-289,867.59
-241,760.27
144,222.43
Reeonelllatlon of fundj
Total funds brought forward
97.762.16
3,598,406.83
3.09￿168.99
3,551.946.56
Tolalfvids carriedforward
145 869.48
3 308 539.24
3 454 408.72
3 696 168.99
The accompanying nots5 forn) an integral part of these fmancial slatements.
Page 8

THE JOYCE FLETCHER CIIARirABl￿ TRUST
BALANCE SHEET AT 5 APRIL 2023
Note
2023
2022
Fixed assets
Investments
3J07,720.
3.588,500.00
TOtalf￿ed twels
3J07,720.iNJ
3.588.500.00
Current assets
Bank and deposit balances
Debtors
148338.72
109.168.99
I483￿72
109.168.99
Current IiAbilitl
Creditors due within one year
12
-1￿50.{￿)
-1,500.00
Nel current asset5
146M&72
107.668.99
Nel a%selS
3 454 408.72
3 696 168.99
The funds of ibe charity:
Unrestri¢ied funds
Endowment funds
13
145369.48
3J08J39a4
97,762.16
3,598,406.83
Toial charityfvnd¥
3 696 168.99
'The fmancial statements were approved by the trustees on I
23
R A Fletcher
S C Sharp
W D R Fletcher
S P Fl¢tcher
The accompanying notes forni an integral part of these financial statements.
Page 9

THE JOYCE FLETCHER CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 5 APRIL 2023
I. PRINCIPAL AccouwfiNG POLICIES
BASIS of prepA ration
The accounts are in accordance with applicable accKtrunting standarth. The Charities SORP 2015
(FRS 102) and comply with the Charities (Accounts and R¢ports) Regulations issued under
the Charities Act 2011. Th¢ accounts have becn prepared on the hislorical cost convention
with th¢ exception th&t investments arc slatcd at market value.
Income
Lnvestsnent income is recorded when receivabl¢.
Legacy in¢ome is recognised when it w) be M￿ured or estimated sufficient reliability.
Expendlture
Expenditure on grants is recorded once the Trust h&8 madc an unconditional commitrnenl lo pay the
grant and this is communicated to the bcneficiary or the grant h&s b¢¢n paiiL whichever is the earlier.
The trust has not made any grant Cotnmitments of more than one year.
Other expenditure is included in the accounts on an accruals basis. lrreco￿rab1e VAT is ¢harged to
the SOFA as incurred.
Any costs Lssociated with the sale or purchase of investments are accounted for As part of the sale or
purchas¢ price of the investments.
Investments
Quoted investtnents hav¢ t*en valued at market value ￿ the balan¢¢ sheet date.
Realised and unT¢alised inv¢s¢ment gain$ and losses are shown net in the SOFA.
. TAXATION
The Trust is a registered charity and accordingly is exempt from t&xation on its income and gains where
they are applied for charitable pur[￿Se5.
Page 10

THE JOYCE FLETCHER CHARTTABLE TRUST
NiyfES TO THE FINANCIAL STATEMEI¥TS
FOR THE YEAR ENDED S APRIL 2023
3. INVESTMEIYT INCOME
2023
2022
Souwe of investment income
Investments
Cash at bank
146,823.92
2J33.40
149,157.32
129.746.21
11.18
129,757.39
4. CHARITABLE ACTMTIES
2023
2022
GRANTS PAID..
Bath Area Play Project
Bath City Farn]
Bath Festival
Bath Fringe Festival
Bath Radio
Bath Strings Academy
Batheaslon New Village Hall
Beckford Tower Trust
Bristol Children's Hospitsl - Grand Appeal
Bluebirds Theatre Company
Changing Tuftes
Childrens Hospicc South West
Matthew Coleridg¢(cvent @ Truro Cathedral)
Combat Stress
S&m Corkin("Palimpsest')
Creative Youth Nelwork
Dorothy House Hospice
3,1)(M).00
2,IN)O.00
3,0(10.00
2,0￿.00
2.000.00
1,000.00
2,0(X).00
I,0￿.00
2.IM)O.00
2,000.00
5.(M)O.00
2.000.00
2,000.00
2,11(N).00
2,000.00
1,000.00
2,IMJ0.￿l
1,500.
2,000.(KI
2,1)00.00
5,000.00
I,0￿.00
3,000.00
2,000.IMI
5,(M)O.(M)
2,000.00
2,000.00
2,000.00
2,CK)O.00
2.000.00
2.000.00
2,000.00
2.000.00
5,(H)O.00
i.000.00
D[￿k¢ Mu5lG
Drama Express. L'ornwall
Duke of r..dinburgh'.s Award
Edington Music Festival Association
English Touring Opera
Fir%t Steps Bath
Genesis Trust
Gr¢al Western Air AmbuIance Charity
Hall for Cornwall I"rust
Rachel Hatnmond(Exeter Cath Sch Student)
Holburne Museum
Hope and Homes for Children
Jessie's Fund
KandLk Arts
last Baguette, Malmesbury
2,000.00
4,000.00
2,000.00
I,OOD.00
3.500.(XI
2,000.(M)
2,000.00
3.500.00
2,000.00
2,000.00
2,000.00
1.500.00
I,5￿.(￿)
63,5(K).00
45,000.(K)
Pagell

THE JOYCE FLETCHER CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023
4. CHAIUTABLE ACTIvrriES (Continued)
2023
2022
Brought forward
63,5ffl.(KJ
45.000.00
GRANTS PAID (continued)
Magdalen Farn) Strings
Mentoring Plus Ltd
Mid-somerset Festival
Music for Minialures
Next Stsge Theatre Company
Plymouth Music Zone
Quartet Comtnunity Foundation
Resolve West
Re-work
ROSL Arts
RUH Arts(RUH Charitsblc Foundalion)
Sound Waves South West
Soundwell Music Therapy Thist
Theartre Royal Plymouth
Travelling Light Theaire Company
Voices for Life
Wallace & Gromil Children's Fund
Wells City Band
Welsh Nationa] Opera
Wiltshire Music Centre TnL8t Ltd
Winchesier. Nanouri(drama student)
Young and Free, Bristol
1,5(K).lJO
2,O(Kl.00
3,0(Mb.00
I,51￿.00
2,000.IN)
1,500.(x)
2,000.00
2.000.00
1,500.00
2.000.00
2,000.00
i.000.00
1,000.00
1,000.00
2,0(K).00
3,000.00
3.000.00
3,(X)O.00
3.(K>O.00
2,(X)O.00
I,(M)O.00
I.￿).00
I,0￿.00
2.0￿.00
2,1KlO.00
2.1N)O.(iO
3.IMIO.00
I,O(M).00
2,000.00
i.000.00
8,000.00
3.000.1)O
5,000.00
3,(M)O.00
1,500.00
99,500.00
85,500.00
(30VERNANCE COSTS
Accountancy chArges
Independent examination charges
Tax repayment claim
Charity Commission complTance
I,oso.
380.iN)
I,(K)o.00
380.00
120.IKI
120.00
1,500.00
lJS0.(
101,050.(N)
87,000.00
Page 12

THE JOYCE FLETCHER CHARTfABLE TRusr
NOTES TO THE FINANCIAL STATEMENrs
FOR THE YEAR ENDED 5 APRIL 2023
5. RELATED PARTY TIL4NSACTIONS
None of the trustees were paid any remuneration or expenses by the charity during the year (2022 none).
6. CHAIUTABLE EXPENDITURE
The charity did not undertake any activity directly but met its charitsble PUTposes by making ￿ants.
7. COSTS OF RAISING FUNDS
2023
2022
Investment advisors I manAger5 charges
Cllzenove 'legal entity Identifie￿ charges
Cazenove debit interest charged
Coutts bank charge$
8,684.59
8.819.53
70.48
403.00
524.35
9 087.59
9 414.36
The charity did not have any staff costs (2022 none).
& INVESTMENTS
All investments were h¢ld in the UK and listed on a recognised stock exchange:
2023
2022
UK listed investments
CAnying VAluo {mArket value) &t 6 April 2022
Add: additions at cost
Less.. disposals
Add/deduct: net gainl(loss) on Disp)sa]s
Add/dedu¢t: net gainl{loss) on revaluation
Carrying value (market value) at 5 April 2023
3.J88.300.1
3.287,OJ9.00
301,503.73
-110.942.13
-280.780.(KI
3.307,720.IN)
110,879.40
3.588,500.00
Historical cost
3,572,663
3,572.663
Distribution5 receiv￿ (gross)
Distributions received (net)
146,823.92
129,746.21
146,823.92
129,746.21
Full detail of the investhients and income received are S￿ out on the schedula% attached to these
cowits.
Page 13

THE JOYCE FLETCHER CHARITABLE TRUST
N(YfES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APIUL 2023
9. BANK AND DEPOSIT BALANCES
Interest
received
gross
2023
2022
Coutts & Co
Cazenove in¢ome account
Cazenove capital a¢count
1,500.01
138,568.06
8,170.65
148,2311.72
403.01
90,410.74
18,355.24
109,168.99
2,189.45
143.95
2,333.40
10. CONTINGENT ASSETS
Nontt at present.
11. DEBTORS
2023
2022
Income Tax refund
Investment Income
0.00
0.00
Page 14

THE JOYCE FLETCHER CHARrrABLE TRUST
F40TES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2023
12. CREDITORS
2023
2022
Accountancy and independent examination Charges
Tax repaymerrt claim charge
Charity Commission ￿MplIanCe charge
IA30.00
1.380.00
120.00
120.00
13. FUND ASSETS AND LIABILITIES
Unr¢stricted
Funds
Endowmellt
Funds
Totsl
Funds
Fixed Asset Investments
Current Assets
Current Liabilities
3.307.720.00
819.24
3J07,720.00
148,238.72
-1,550.00
147.419.48
-1,550.(KI
Total
145 869.48
3 31)11539.24
3 454 408.72
The unrestricted funds (income) of the Charity may be applied for any charitsble purpose at the
discretion of the trusl¢es. [Until 3 April 2008. the trustees had the power to a￿umUlate income
and hold the same as an accretion to capital.]
The expendable endowment (capitsl) and additions thereto are invested and the income used for
any charitsble purpos¢ at the discretion of the tr￿Ste￿. [Thc cxtrndable endowment may also
be spent at the absolute discretion of the trustees.]
Page 15

THE JOYCE FLETCHER CIIARrrABLE TRUST
SCHEDLLE TO THE FINANCIAL STA TEhtKr(rs
FOR THK YEAR ENDED 5 APRIL 2023
I. SCHEDULE OF fNVESTMENfs AND INCOME RECEIVED
￿¥￿[￿)881 Market Historical ¢o&t
5 Apnt 2023
5 April 2023
(koss I net
bJwm¢
Nrrfw"Dpl S Ipnl 2022
Athlru(
SUTL Cazenove Ch8rity NURS Fund
ChBrity Mulii-Asset Fund
' GYP Di8tribution
6.103,930
3.588JC
-280.780
3,307,720
3,sn,663
30.678.31
36.727.3J
36,739.55
36,678.51
.588.5
.780
23.
Pa8e 16