THF..IOVCF. FI.F.TCHF.R CHAIUTABLE TRUST ACCOUNTS FOR THE YEAR ENDING S APRIL 2025
THE JOYCE FLETCHER CHARfrABLE TRUST cowrENTS PAGE LEGAL AND ADMINISTRATIVE DETAILS REPORT OF THE TRUSTEES REPORT OF THE INDEPENDENT EXAMtNER STATEMENT OF FtNANCIAL ACTtvtTIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENTS I PRNCIPAL ACC0[TNTG POLICIES io 2 TAXATION 10 3 INVESTMENf INCOME 4 CHARtTABLE ACTtvrriES 5 RELATED PARTY TRANSAcfioNS 13 6 CHARITABLE EXPENDITURE 13 7 COSTS OF RAISING FUNDS 13 8 EsTmENTs 13 9 BANK AND DEPOSIT BALANCES 14 10 CONTtNGENT ASSETS 14 I I DEBTORS 14 12 CREDITORS 15 13 FUND ASSETS AND LIABILITIES 15 SCHEDULE TO THE FINANCIAL STATEMENTS I SCHEDULE OF INVESTPAEKfs AND tNCOME RECEtVED 16
THE JOYCE FIITCHER CHARITAB TRUST LEGAL AND ATrttNISTRATIVE DETAIts Charity name and registration numlw: The Joyce Fletcher Charitsble Trust Registercd Clwity Number 297901 Cottespondence address: 68 Circus Mews Bath BAI 2PW Governing document: Tnt Deed dated 3 April 1987 Trustecs: Robert Andrew Fletcher OBE (Chair of Te¢s) William David Reddihough Fletcher Stephen Pet¢r Fletcher Susan Carol Shao) Bankers: Coutts & Co 440 Strand London WC2R (QS Investment advisors and mana8ers: Cazenove Capital Management Schroder & Co. Limited l London Wall Place London EC2Y SAU Independent examiner: Morgan James Rigby MJR Inglenook, 509 New Mill Road Brockholes Hoimfjrth Page I
THE JOYCE TCHER CHARJTABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025 History9 objectives aDd activities of the Trnstees Joyce Irene Fl¢tcher w&8 born in 1911 and manied William Kenneth Fletcher in 1935. They had two sons William David Reddihough Fletcher and Robert Andrew Fletch¢r. The Charitable Trust W&8 established on 3rd April 1987 by Mr W K Fletcher in consultation with 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 cbaritable causes. Additional sums have b¢¢n added to the t 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 l Fletcher) and by life-time gifts from Mr R A Fletcher. Both th¢ initial donation and th¢ additional amounts donated Since then have been under tern which allow the trteeS either to retain the amounts as capilal or to spend them. The tnt deed gives the Inte¢S the power to apply the fimds to specific charitable objectives or for general charitable purposes. The trustees currenily have a policy of supporting festivals. institutions and organisations specialising in music and arts perfornian¢e education in a social or therapeutic context and in OT8anisations involved in young people's welfare, a particular int¢rest being the role of music in the lives of disabled and talented able children and young people. Virtually all recipienls are ihenselves clwilies. This 1$ achieved througb the making of annual grants from the income wxumulated in the aulumn of each year. However, the trust deed doe8 allow the trustees 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 tnjslees have local links. A dialogue with some of th¢ recipient charities b&8 bcen maintsined for some years. Managemenl and governance arrangem¢Dts There are four trustees at present. Mr R A Fletcher OBE(Chair) and Mr W D R Fletcherfsons of Joyce Fl¢tcher) have been trustees since the trust w&s created. and Mr S P Fletcher and Mrs S C Sharp{grand- hlldren ot"JoyLe F'letchLr) were appointed trustees in 2004. Any new trustees would be identified and appointed by the remaining trustees. The chair of trustees is nsible for the induction of any new trustees. which would involve awareness of a trustee's responsibilities, the governing do¢umenL 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 th¢ ChaTity Con]mission document "The Essential Trustee: What You Need to KnoMP'(CC3). The trnst has considered its Safeguarding restK)nsibilities with regard to reccnt legislation and public concerns, and it h&s concluded that it does not fall within the giStratIon requirements of the DBS Code of Practice. as the role of the trust is purely to make grants. When trustee visits are made to recipient organisations, these are always hosted or escorted by their personnel. Page 2
THE JOYCE FLETCHER CHARTTABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR EM)ED 5 APRIL 2025 The trustees annually review the risks that the charity faces. To date. these have been mainly related to investment management. A policy of wide diversification is maintained with a view to creating income and reasonable asset growth. Bi-annual meetings are held with the investment manag¢r. and regular contact is nints1ned through the year. Procedures and policy for grADt-mgkiDg The trust is entircly a grant-making tnt and has no propcrty or14R responsibilities. Applications are considered in September to Novemb¢r each year. and grants are made early in De¢emIr. Grants usually range from £500 to £5000. The major purpose of the trust is to 5UPPOrt Music and the Arts in a Therapeutic or Social Context. A good proportion of grants are r¢peats but some new ones are added each year as others fall away. The trustees ty each year to apportion the grants to cover both high ability and disadvaniageldisability in the perfomiing arts well &5 cover the age ranges of children and young people. Geographic spread in the South West and a reptes¢ntative range of perforniing arts activities are also strong riteria 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 a trustce. In the past year the Irust has gradualty Started to reloeate its aetivitles to the North of England, and this policy will eventually lead ¢0 a departure from the South Wesl probably over more thydn five year8 away. Tbe main objeetives for grants in the north will be the Environment(c¢ntring on Manchester) and Sport$ Education & Children(c¢ntring OD York8hire). There will tend to be fewer but Ideally larger grants. Applications are accepted throughout the year by letter. There is no fotmal application fomi. Evidence of past viability and records, including fuwicial, is required. Successfill applicants are usually regislered charities. The deadline for appltcations is I si (ktober, &ssuming funds are still available. applicants are Strongly advised éo write before this? preferabty early in September. Telephone enquxries ar¢ accepted. An inforniation we$]te w&s set up in August 2010 10 assist enquirers ccfl¢¢&h¢rrharilable¢rus¢.¢v.uk. Efflailing is only used at the consideration stage of grants. Rejection letters are sent only if a Stam[ addressed envelope is provided by the applicant or if the application was only narrowly rejected. Etnail responses may also be made. Correspondence has increased to about 80 applications a year. Acknowledgements are sent to those which enclose a stamped addressed envelope or email address. Support is only very rarety given to Individuals, students or non-registered cbYdriti¢s. The trust is noi able to arrange auditions for graduate or post- graduate applicants, and they are not encouraged to apply. Hitherto there has Ien an emphasis on grants to arts bodies which are working with children and young people in the 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 pur¢ly professionaI rn$1¢ or arts promotions. Page 3
THE JOYCE FLETCHER CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025 Achievement and perfornianee of the Trnst The distribution of grants took place in the middle of NovemE¢r 2024(with a few additions in January 2025) to a total of £226,850(£144.540 in November 2023). The trteeS decided to continue support to 43 existing recipients, while making new grants to 16 new recipients. The largest grants were £IO.000 each to five charities. Grants were made to 59 charities(47 in 2024) and to one chorister parent towards school fees. There was also a small response to a very moving request from an individual that no-one could refuse. There werc overlaps between the objective categories but the distribution between these w&8 33010 Music and Arts education 200/0 Music in a social & therdpeutic context 310/0 Children and young people 16% Other objectives £75,3(M) £46,5(M) £70,000 £35,050 The geographical distribution of the 59 grants was as follows:. South West 48 Other I I The trustees have reviewed their'l)ublic benefit" tesp)nsibilities and believe thai these have been carried out to the best of their abilities. The amount granted has been th¢ largest in the tnt'S history and is possibly unlikely to be repeated. The overall emphasis has been on the role of the arts(music and theatre for young people) to alleviate stress and encourage creatlvlty and resourcefulness in very difficult times. Outstandin memories from trustee visits have bc¢n a children's Lantern Procession in Bristol for the Chinese Year of the Snake, a music therapy workshop. a five-a-side football afler-school competition in Keighley on a freezing and soggy April evening and a visit to the C&8defield project in Manchester. The only ¢xpenses incurred by the trust have been those for the annual accounts, the independent examination, banking and the investment managemenL All other expenses have been borne personally by the trusiccs. Page 4
THE JOYCE FLETCHER CHARrrABLE TRUST REPORT OF THE TRUSTEKS FOR THE YEAR KM)ED 5 APRTL 2025 FinAncial review, investment policy and reserves Under the tern]s of the trst deed the trustees have and UDrestrACted w)wers of investment. The trustees are satisfied that the trust's assets are available and adequate to fidfil its objectives. The trustees have get an investment policy with a medium level of risk. The tnL8tees have expressed their considerabl¢ appreciation of the services they receive from their invcstment manager. The bulk of the income is to be distributed each year. though a modest sunl has b¢¢n retained to cover a likely decline in income as a result of the pandemic. The income from inveslments for the year was £152,683{£154.874 last year). The rise in grant activity this year oCcUed partly because some Kncome had be¢n retained from the previous year as a precaution. Although thc trustees have the power to gift the capital, the investments from capitsl are the main source of ongoing income, so the fi]nd is invested with the objective that it increases or at le&st retains its real value in the medium lern). The portfolio is now largely invested in the Caienove Charity Multi-Asset Fund. for ¢ase of administration. The trustees endeavour to make charitable distributions and professional payments each year to use up the income in any one year but retain a smaIl percentage in the event of a sudden fall in income in a subsequent year. thus protecting obligations to reguIar riplents. The trust employs Cazenove Capilal Management as investmcnt advisor and manager. Bi-annual meetings are held with them. and conlact is maintained between these occasions. They Chge a percentsge fee of £8,847.50. The trustees have chos¢n not to adopt fomtsl cthical investment policies. After grants and operational expenses of £237,836(£155,045 last ye8r), the net deficit for the year was £85,153(n¢t defLCIt of £171 last year). After iaking account of other gains(losses), there w&s a net decre&se in funds of £274,995. The net decrease in unrestricted funds was £75,779(last year there was an increase of £8,734). At the end of the financial year, reserves w¢re £78,824. The adequacy ofthe reserves policy is reviewed annually. Futur¢ plans During 2023 the tsustees made a significant decision that in the next five years the trust will move its activities to the north of EnglanLI where some of the trustees are resident. the objectives will begin to include sports and children, and also the Environment in the North where the trust h&s its family origins. The hitherto supN)rt for the Arts and young )ple'S welfare in the South West will gr&Jually be wound down. Pag¢ 5
THE JOYCE TCHER CHARITABII TRUST REPORT OF THK TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025 Statement of trustees, responsibilities Charity law requires the tnlstees to prepare financial statements for each financial year which show a true and fair view of the state of affaiTS of the charity and its financial activities foi that period. In preparing those financial staternents, the trteeS are required to: select suitable cOUntIng policies and then apply them consistently" make judgements and estimates that are reasonable and prudent: state whether applicable accounting standards and slatements of recommended pt7clice hav¢ been followed. subject to any departures disclosed and explained in th¢ fllwiciaj statements. 4, prepar¢ the financial atements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence. The trleeS are Tesp)nsible for keeping proper accounting records thich disclose with reasonable accuracy at any time the financial wsition of the charity and to enable them fo ensure that the financial statements comply with the CharitlC8 Act 2011. They are also reswnsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and d¢lection of fraud and other irregularities. Independent ExAminer The trust h&s appreciated the services of its independent examin¢r who also prepares the annuat aecounts, noting a savings in costs as well as a more responsive service than the predeccssors. Signed on behalf of the trust¢¢s R A FLETcR DATE Page 6
. AUR trusts REPORT OF THE INDEPENDENf EXANItNER TO TRE TRusfEES OF THE JOYCE FLETCHER CHARtTABLE TRUST I rep)rt on the accounts of the Tnjst for the year ended 5 April 2025. which are set out on pages 8 to 16. ReBpective responsibllities of truJtee8 and uamlfttr The charity's trustees are pOnsIble for the pryration of thc accounts. The charltys trustees consider that an audit is not required for this year under section 144 of th¢ Chariti¢s Act 2011 (th¢ Charities Act) and that an independ¢nt examination is n¢eded. It is my responsibility to.. - examine the 8c¢ounts und¢r section 145 of the Charities Ac¢ - to follow the procedure5 laid down in the general DIrtionS giv¢n by the Charity Commission under section 145(5Xb) of the Chariti¢s ACC and - to 51ale whether particular matt¢rs have come to Jny attention. IIAsls of indendent examiner# report My examination was carried out in accordance with th¢ Genernl Directions given by the Charity Commission. An examination includes a review of the a¢counting records kept by the chuity and a comparison of the accounts presented with those rewrds. It also includes consideration of any unusual items or disclosures in the account& and seeking explanations from you as trnstees con¢eming &ny such matters. The procedures undertaken do not provid¢ all the cvidence that would be required in an audit. and consequently no opinion ts given as to whether the accounts pr¢s¢nt a 'true and fair view 8nd the report is limited to those matt¢TS set out in the statanent below. Independent examltttrs stAtement In Connection with my examination. no matter has come to my attention: (l) which gives me re&sonable caus¢ to believ¢ that in any matsrial respect the requirements - to keep xc¢ountitig ordS in with J¢¢tion IJO of thr Chariti¢s Ac4" and - to prepare COUnt5 which accord with the accounting records and mplY with the accounting requirements of the Charities Act have not been met. or (2) to which. in my opinion. attention should be drawn in ord¢r to enable a proper und¢rst8ndin8 of the accounts to be reached. Name.. Morgan James Rigby Relevant professional qualification or Ix)dy.' Address.. Inglenook, 509 New Mill Road, Brockholes, Holmfwth. HD9 7EG. Date: 26th May 2025 Page 7
THE JOYCE FLETCHER CHARrrABLE TRusr STATEMENf OF Fll¥ANCIAL AcfiviTIES FOR THE YEAR ENDED 5 APRIL 2025 Tot21 Fyttd 2025 Total Funds 2024 Funds Funds Not¢ Income ftDd eJpendithre Income and EndowmeDts from: Donations and legacies Investments Others - tsx repayment 12.66 12.66 152,670.63 152,670.63 154.874.09 Total income andendowments 152,670.63 12.66 152ffj83.29 154,874.09 Expendlture on: LharitablL activities Raising fimds -228,450.00 -228,450.00 -9J86.50 -146,140.(K) -8,904.74 -9,386.50 Net gain(lO>s¢s} on investments: Realised Unrealis¢d 99.08 -189,941.08 99.08 -189,941.08 -397.94 178,389.94 Transferj between fuDd$: Nel pnovemenis infunds -75.779.37 -199,215.84 -274,99521 177,821.35 Reconclllation of fllnds Total funds brought forward 154,603.57 3.477,626.50 3,632230.07 3.454.408.72 78 824.20 3 278410.66 Tolalfimds carrledforward kn346 3 632 230.07 The accompanying notss form all inteI part of these financial statements. Page 8
THE JOYCE nlTCHER CHARrrABLE TRUST BALANCE SHEET AT 5 APRtL 21)25 Iyole 2025 2024 Fiied aysets Investments 3279070.( 3,479.712.00 Totalfthed(Lfsei 3279070.(NJ 3,479,712.00 Currellt assets Bank and d¢posit balances Dcbtors 78,964A6 154.118.07 7&964J6 Current liabllliley Creditors due within one year 154,118.07 12 -1,6. -1.600.00 Nel ¢Mrreni Sets 77J64.86 152,518.07 Nel (usets 57 3 632 230.07 The funds of tbe Charity: Unrestricted funds Endowment funds 13 78024.20 3278,410.66 154,603.57 3.477.626.50 Total charityfvndf 57 3 632 230.07 The fthan¢ial statem¢nts were approveAI by the tTUSt¢es on 3 0 R A Fletcher S C Sharp W D R Fletcher S P Fletcher The accompanying note5 form an integrnl part of these fJnanciaI statements. Page 9
THE JOYCE FLETCHER CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 I. PRINCIPAL ACCOUNTING POLICIES Basis of prepar8tioM The accounts are in accordance wlth applithle accounting st8ndarth. The Chartties SORP 2015 (FRS 102) and comply with the Charities (Accounts and Rerts) Regulations issued under the Charities Act 2011. The acwunts have been prepared on th¢ historical }St convention with the exception that investments are staled al market value. Income Investment income is recorded when receivable. Legacy income is reCOlS¢d when it can be measurcd or estimated with sutTicienl reliability. Expendltur¢ Expenditure on grants is recorded once the Tn1 h&8 made an unconditional commitment to pay the grant and this is communicated to the beneficiary or the grant has been pai whiCh¢r is the earlier. The Irust has not made any grant commitments of MO than one yw. Other expenditure ts included in the accounts on an accruals basis. Irrecover8bl¢ VAT is charged to the SOFA as incurred. Any costs associated with the sale or purchase of investments ar¢ accounted for as part of the sale or purchase price of the investments. Investments Quoted investments have been valued at market value & the balance sheet date. Reaii5ed and urwealised investment gal8 and lo&s¢s are Sho net in the SOFA. 2. TAXATinN The Trust is a registered charity and aeeordingly is ¢xcmpt from tsxation on its income and gatns wher¢ they are applied for charitable purposes. Pag¢ 10
THE JOYCE FLETCHER CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 3. INVESTMENT INCOME Source of investment income 202S 2024 lftvestments Cash at bank IW57.73 S812.88 152.670.63 148.081.35 0,792.74 154,874.09 4. CHARABLE AcfivITIES 2025 GRANTS PAID: 2024 Action East Devon, Devon ACTiv8 Youth Theatre, Devon Art Fund Bath Abbey MLk8iC Society Bath Area Play Project Bath Festivals Bath Fringe Festival Bath Philharnionia Bath Preservation Tt Bath Recital Artists, Trust Bath String5 Academy Bailey Peter Stanley, Taunion Changing Tunes Children's Hospice South West Children's Scrapstore, Bristol City of Trees Combat Stre8S Cre&tiv¢ Youth N¢twork. BriJtol Drake Music Drama Express, Cornwall Duke of Edinburgh'5 Award Edington Music Festival Associatioo Wilts English Touring Opern Essex Wildlife Trust Fairfield House Bath CIC First Step5 Bath Friends of Wells Cathedral(Grn]d Organ Appe81) Genesis Trusc Bath Grand Appeal for Bristol Children's Hospital Hammond, Rachel, St Austell Holburne Museum, Bath Hope and Homes lor Children Incredible Kids 2,1)1)o.00 3,000.(K) 2.000.00 5,000.00 3.000.00 3,000.00 2.000.00 5,000.00 3.11(M).00 000.00 3,(Kio.00 SIKM).00 5,(KlO.00 1,5IMI.00 3,01)0.00 50.(10 3,000.00 3,OIK).00 2,000.(KJ iO.000.(M) 3,000.00 3,0110.(10 sooo. 4000.( 3,000.00 15INJ.I)O 5,OIKI.00 iO,O(W.(M) i.000.00 1000.00 2,000.00 1,500.00 2,000.00 2,000.00 2.000.00 5.000.00 3,500.00 3,000.00 2,000.00 5,000.00 2,000.00 1,000.00 5,1KMI.00 SIM.00 sooo.00 (KJo.00 2,000.(KJ 5J(M).00 3,OIMI.I)O 1.500.00 5,000.00 3,000.00 1,500.00 65,000.00 A14J50.(KI Pagell
THE JOYCE FLETCHER CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEME FOR THE YEAR ENDED 5 APRIL 2025 CHARITABLE AcrtVlTIES (CODtinlled) 2023 GRAKfs PAID (continued) Brought forward 2024 l14J50.(K) 65.000.00 Jessie May, Bristol JIGSAW Thornbury, Bristol Keynsham & District Mencap Society t&st Baguette. Malmesbury Magdalen Famj Strings. Somerset Mentoring Plus Ltd. Bath Mid-somerset Festival Music for Miniatures. Somerset National Trust(B¢ningbrough) National Youth Orchestra Next Stage Theatre Company, Bath One in a Million Oriel Ministries, Cornwall Pemy Brohn UK, Bristol Project Trlt(C1ar& Mccabe) Purple Elephant Family Supp)rL Frome ROSL Arts Royal West of England Academy(Happy Mondays) RUH Arts(RUH Charitable Foundation). Bath St George's Bristol Schoolreaders CIO, Devon & Cornwall The Songwriting Organi88tion UK CIC Strike a I,ight, Gloucester Travelling Light Theatre Company, Bristol Unleashed Theatre Company. Torquay Upland$ Enterprise Trus4 Swindon Voices for Lif¢ Wallace & Gromit Children's Fund Welsh National Opera 3rd West()n-sup¢r-Mare(St Paul's Scout Group) Wiltshire Air Ambulance Wilishire Music Centre Trust Ltd Zarach S,OlX).I)o 2,000.00 2,500.00 3,500.00 3,000.00 3,000.1)O 5,000.IM) 3,000.IM) 2,000.00 2,000.00 2,000.00 2,500.00 4,000.00 2,500.00 2,000.00 2,000.00 17,000.00 2,0(K).00 2.500.(KI 3,01)O.(M) iO,(K)O.O 3,0(H).00 3,000.00 2,000.00 3.IMKI.00 2,(MXI.00 2,000.00 2,000.00 2.040.00 2,000.00 2,500.00 1.200.00 LOfM).00 2,0110.00 3.IN)O.I)o 5.OIM).00 3,(KJO.00 3,1100.00 1,000.00 5,(M)O.00 2.000.00 3,000.00 1.800.00 3,000.00 10,000.00 5,000.00 io,ooD. 3,01)0.00 5,IMM).00 5,000.00 Jo,000. 226,850.00 5,000.00 GOVERNANCE COSTS Accountancy charges Independent examination charges Tax repayment claim Charity Commission compliance 144,540.00 I,1.00 I,ioo.00 380.00 120. 120.00 1,600.(K) 1.600.( 228,450.00 146,140.00 Page 12
THE JOYCE FLETCHER CHARfTABLE TRusr NOTES TO THE FINANCIAL STATEMEiYrs FOR THE YEAR ENDED 5 APIUL 2025 5. RELATED PARTY TRANSACTIONS None of the trLL8es were paid any remuneration or extnses by the chariry durtng the year (2024 none). 6. CHARrrABLF. EXPENDrruRE The charity did not uftdertake any activity directly but met its charitsble purSe$ by making grants. 7. COSTS OF RAISING FUNDS 2025 2024 Investment advisors I manager5 Charges Cazenove 'legal entity identifi¢e charges Cazenove debit interest ehar8ed Coutts bank charge$ 8047.50 8.377.74 539.00 527.00 The charity did not have any stsff costs (2024 none). 8. INVESTMENTS All investments were held in the UK and listed on a recognised sto¢k exchange: 2025 2024 UK listed investments C4rrying vuP (mArk¢¢ value) ai 6 April 2024 Add.. additions at st Less.. disposals Add/deduct.' net 1n/[loss) on Disp)sals Addldeduct.. net gainl(10s5) on revaluation Carrying value (market value) at 5 April 2025 3.479,712.iM) 3.307.720.00 -io.000.(M) 99.08 -189,941.08 3279,870.00 -6,000.00 -397.94 178.389.94 3,479,712.00 Historical cost 3,556J65 3,566.265 Distributions received (oss) Distributions receiv (net) 146057.75 148,081.35 146,857.75 148.081.35 Full detail of the investments and Income received are S out on the schedules 8tts¢hed to these accounts. Page 13
THE JOYCE FLETCHER CHARITABLE TRusr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRtL 2025 9. BANK AND DEposrr BALANCES Interest recetved gr( 2025 2024 Coutts & Co Cazenove income account Cazenove capits] COUnt 1&056.67 57.112.78 3,795.41 78,964.86 5,433.01 144,442.15 4,242.91 154,118.07 5.812.88 5812.88 10. CONTINGENT ASSETS None at present. I I. DEBTORS 2025 2024 Income rend Investm¢ni Income 0.00 Page 14
THE JOYCE FLETCHER CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APIUL 2025 12. CREDITORS 2025 2024 Accountancy and independeT]t examination charges Tax repayment claim charge Charity Commission ¢ompliance charge 1,480.(M) 1,480.00 120.00 120.00 600.00 1600.00 13. FUND ASSETS AND LIABILITIES Unrestricted Funds Endowment FuDds Tot41 Funds Fixed Asset Investments Current Assets Curreni Liabilities 3,279,870.00 -1,459.34 3,279,870.00 78,964.86 -1,61N).00 80,424.20 -1.600.00 Total 78 824.20 410 66 3 357 234.86 The unrestricted fimds {in¢ome) of the charity may be applied for any charttable purpose at the discretion of the trustees. Iuntil 3 April 2008, the trustees had the power to accumulate income and hold the same as an accretion to capital.] The expendable endowment {capit&l) and additions theTeto are invested and the income used for any charitsble puryose at the discretion of the ttee5. [The expendable endowment may also be spent at the absolute discretion of the trustees.] Page 15
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