Trustees' Annual Report for the period
Period start date Period end date 01 04 2020 31 03 2021 To
From
Section A Reference and administration details
Charity name THE REYNOLDS FOUNDATION
Other names charity is known by
Registered charity number (if any) 1091512
Charity's principal address 8, Gerrard Street,
Warwick
Postcode
CV34 4HD
Names of the charity trustees who manage the charity
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Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 R G Reynolds Trustees
2 K Loeffler “
3 R Reynolds “
4 B Guardia Bagur “
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
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1
Names and addresses of advisers (Optional information)
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Type of adviser Name Address
INVESTMENT FISKE & Co LONDON EC2M 5QS
INVESTMENT RATHBONES LONDON EC2M 7AZ
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Name of chief executive or names of senior staff members (Optional information)
Section B Structure, governance and management
Description of the charity’s trusts
Type of governing document
TRUST DEED
- (eg. trust deed, constitution)
TRUST How the charity is constituted
- (eg. trust, association, company)
Trustee selection methods
APPOINTED BY TRUSTEES
- (eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
-
policies and procedures adopted for the induction and training of trustees;
-
the charity’s organisational structure and any wider network with which the charity works;
-
relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
Section C Objectives and activities
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To maintain permanent facilities for the exhibition of the “Collection”(as defined in the Declaration of Trust date 20/02/2002) and to provide support and help to persons working Summary of the objects in the field of the arts. of the charity set out in its governing document Summary of the main activities undertaken for Housing and display of the Collection. the public benefit in Bursary scheme, Financial support to young musicians. relation to these objects (include within this Sponsorship of the Playbox youth theatre in Warwick section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
Additional details of objectives and activities (Optional information)
You may choose to include further statements, where relevant, about:
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
Section D Achievements and performance
Funding was provided for the Ex Cathedra choir in Birmingham, Summary of the main for their ‘Singing medicine’ programme, for their ‘Singing achievements of the workshop’ programme (to keep young singers active during the charity during the year pandemic) and for their 50th anniversary concert.
A bursary was awarded to a young sculptor Pere Josep Llopart Lluch to study at the Carrara Academy in Italy.
A production (The Dream) at the Playbox Youth Theatre in Warwick was sponsored.
Tuition fees at the Orfeo Maones for a young pianist Dani Molina were provided
Section E Financial review
To have sufficient reserves invested to provide enough income Brief statement of the to meet the running costs of the Foundation charity’s policy on reserves
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3
Details of any funds materially in deficit
The UK equity fund managed by Fiske & Co has partly recovered from the 2019/20 covid pandemic losses but is still 10% in deficit
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
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the charity’s principal sources of funds (including any fundraising);
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how expenditure has supported the key objectives of the charity;
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investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) R G Reynods Full name(s) Richard Gurdon Reynolds Position (eg Secretary, Chair Chair, etc) Date 9/7/21
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Charity Name No (if any) The Reynolds Foundation 1091512 Receipts and payments accounts
For the Period start period from 1/4/2020
To
Period end 31/03/2021
Section A Receipts and payments
| Unrestricte d funds |
Unrestricte d funds |
Restricted funds |
Restricted funds |
Restricted funds |
Endowment funds |
Endowment funds |
Endowment funds |
Total funds |
|
|---|---|---|---|---|---|---|---|---|---|
| to the nearest £ |
to the nearest |
£ |
to the nearest |
£ |
to the nearest £ |
||||
| A1 Receipts Gift Aid and Tax |
refund |
- | - | - | 153,750 | ||||
| - | - | - | - | ||||||
| Investmenr income/loss |
- | - | - | - 28,573 | |||||
| - | - | - | - | ||||||
| - | - | - | - | ||||||
| - | - | - | - | ||||||
Sub total(Gross income for AR) A2 Asset and |
- - |
- - |
- - |
- 125,177 |
|||||
Sub total investment sales, (see table). |
- - - |
- - - |
- - - |
- - - |
|||||
| **Total receipts ** | - | - | - | 125,177 |
A3 Payments
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Management of the
collection - - - 13,665
- - - -
Support for young artists - - - 19,907
- - - -
Administration - - - 171
- - - -
- - - -
- - - -
- - - -
Sub total - - - 33,743
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total - - - 73,152
Total payments - - - 106,895
Net of receipts/(payments) - - - 18,282
A5 Transfers between funds - - - -
A6 Cash funds last year end - - - 24,941
Cash funds this year end - - - 43,223
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| Section B Statement | of assets and liabilities at the end of the period | of assets and liabilities at the end of the period | of assets and liabilities at the end of the period | of assets and liabilities at the end of the period | of assets and liabilities at the end of the period |
|---|---|---|---|---|---|
| Unrestricte | Restricted | ||||
| Categories | Details | d funds |
funds | ||
| to nearest | to | nearest | |||
| B1 Cash funds | La Caixa | (Spain) 6,066 £ |
- £ |
||
| Natwest Current 1,219 |
- | ||||
| Natwest Savings 35,938 43,223 Total cash funds Unrestricte |
- - Restricted |
||||
| d funds | funds | ||||
| to nearest | to | nearest | |||
| B2 Other monetary assets | Details | - £ |
- £ |
||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| B3 Investment assets | Details UK Quoted Equities Endowment Fund to which asset belongs |
505,331 Cost (optional) |
|||
| UK Investment Fund Endowment |
- 330,470 |
||||
| - | |||||
| Spanish Investment Fund Endowment |
212,408 | ||||
| Details | Fund to which asset belongs |
Cost (optional) |
|||
| B4 Assets retained for the | Building | Endowment | 1,602,869 | ||
| charity’s own use | |||||
| The Collection Endowment |
- 236,419 |
||||
| - - |
|||||
| - | |||||
| - | |||||
| - | |||||
| Fund to which | Amount due | ||||
| Details | liability relates | (optional) | |||
| B5 Liabilities | - - |
||||
| - | |||||
| - | |||||
| Signed by one or two trustees on behalf of all the trustees |
Signature |
Name | |||
| R G Reynolds | Richard Gurdon Reynolds |
CC16a
Last year
to the nearest £
144,026 - 27,359 - - - - 171,385
171,385
13,684 - 8,018 - 193 - - - - 21,895
141,529 163,424 7,961 - 16,980 24,941
Endowmen t funds to nearest £
-
Endowmen t funds to nearest £
-
Current value (optional) 455,735 - 417,071 - 256,145
Current value (optional)
-
When due (optional)
Date of approval
9/7/2021
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Charity Name The Reynolds Foundation On accounts for the year ended 3110312021 Charity no (if any) 1091512 Set out on pages (rp.mp.mifj ar ,n Inr. n2.qp. ni lmhp.ro n sinn21 <hpo,< I report to the trustees on my examination of the accounts of the above charity ('Ihe Trust") for the year ended Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 ('Ihe ACY,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confinn that no material matters have come to my attention (other than that disclosed below ") in connection with the examination which gives me cause to believe that in, any material respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Signed: Date: Name: Relevant professional qualification(s) or body (if any): Address: 66B Limited Street Warwick CV34 4HU 01926 497694 IER October 2018