## **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** 


**----- Start of picture text -----**<br>
Name of person (or body)<br>Dates acted if not for<br>Trustee name Office (if any) entitled to appoint trustee<br>whole year<br>(if any)<br>1 R G Reynolds Trustees<br>2 K Loeffler      “<br>3 R Reynolds      “<br>4 B Guardia Bagur      “<br>5<br>6<br>7<br>8<br>9<br>10<br>11<br>12<br>13<br>14<br>15<br>16<br>17<br>18<br>19<br>20<br>**----- End of picture text -----**<br>


## **Names of the trustees for the charity, if any, (for example, any custodian trustees)** 

**Name Dates acted if not for whole year** 

March **2012** 

**TAR** 

1 



## **Names and addresses of advisers (Optional information)** 


**----- Start of picture text -----**<br>
Type of adviser Name Address<br>INVESTMENT FISKE & Co LONDON EC2M 5QS<br>INVESTMENT RATHBONES LONDON EC2M 7AZ<br>**----- End of picture text -----**<br>


## **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; 

- trustees’ consideration of major risks and the system and procedures to manage them. 

## **Section C                    Objectives and activities** 

March **2012** 

**TAR** 

2 



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: 

- policy on grantmaking; 

- policy programme related investment; 

- 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** 

March **2012** 

**TAR** 

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: 

- the charity’s principal sources of funds (including any fundraising); 

- how expenditure has supported the key objectives of the charity; 

- 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 

March **2012** 

**TAR** 

4 



**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**<br>**d funds**|**Unrestricte**<br>**d funds**|**Restricted**<br>**funds**|**Restricted**<br>**funds**|**Restricted**<br>**funds**|**Endowment**<br>**funds**|**Endowment**<br>**funds**|**Endowment**<br>**funds**|**Total funds**<br>|
|---|---|---|---|---|---|---|---|---|---|
||**to the**<br>**nearest**<br>**£**||**to the**<br>**nearest**|<br>**£**||**to the**<br>**nearest**|<br>**£**||**to the**<br>**nearest £**|
|**A1 Receipts**<br>Gift Aid and Tax|refund<br>|**-**||**-**|||**-**||**153,750**|
|||**-**||**-**|||**-**||**-**|
|Investmenr income/loss<br>||**-**||**-**|||**-**||**-      28,573**|
|||**-**||**-**|||**-**||**-**|
|||**-**||**-**|||**-**||**-**|
|||**-**||**-**|||**-**||**-**|
|<br> <br>**_Sub total_**_(Gross income_<br>_for AR)_<br>**A2 Asset and**||**-**<br>**-**|<br>|**-**<br>**-**|<br>|<br>|**-**<br>**-**|<br>|**-**<br>**125,177**|
|<br> <br>**_Sub total_**<br>**investment sales, (see**<br>**table).**||**-**<br>**-**<br>**-**|<br> <br>|<br> <br>|**-**<br>**-**<br>**-**|<br> <br>|<br> <br>|**-**<br>**-**<br>**-**|**-**<br>**-**<br>**-**|
|**_Total receipts_ **||**-**|||**-**|||**-**|**125,177**|



## **A3 Payments** 


**----- Start of picture text -----**<br>
Management of the<br>collection                  -                 -                   -           13,665<br>                 -                 -                   -                   -<br>Support for young artists                  -                 -                   -           19,907<br>                 -                 -                   -                   -<br>Administration                  -                 -                   -                171<br>                 -                 -                   -                   -<br>                 -                 -                   -                   -<br>                 -                 -                   -                   -<br>                 -                 -                   -                   -<br>Sub total                  -                 -                   -           33,743<br>A4 Asset and investment<br>purchases, (see table)<br>                 -                   -                   -                 -<br>                 -                   -                   -                 -<br>Sub total                  -                   -                   -         73,152<br>Total payments                  -                   -                   -       106,895<br>Net of receipts/(payments)                  -                 -                   -           18,282<br>A5 Transfers between funds                  -                 -                   -                   -<br>A6 Cash funds last year end                   -                 -                   -           24,941<br>Cash funds this year end                  -                 -                   -           43,223<br>**----- End of picture text -----**<br>




|**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**|<br>**d funds**|**funds**|||
|||**to nearest**|**to**|**nearest**||
|**B1 Cash funds**|La Caixa|(Spain)<br>**6,066**<br>**£**||**-**<br>**£**||
||Natwest Current<br>**1,219**|||**-**||
||Natwest Savings<br>**35,938**<br>**43,223**<br>**_Total cash funds_**<br>**Unrestricte**||**-**<br>**-**<br>**Restricted**|||
|||**d funds**|**funds**|||
|||**to nearest**|**to**|**nearest**||
|**B2 Other monetary assets**|**Details**|**-**<br>**£**||**-**<br>**£**||
|||**-**||**-**||
|||**-**||**-**||
|||**-**||**-**||
|||**-**||**-**||
|||**-**||**-**||
|**B3 Investment assets**|**Details**<br>UK Quoted Equities<br>Endowment<br>**Fund to**<br>**which asset**<br>**belongs**||**505,331**<br> <br>**Cost**<br>**(optional)**|||
||UK Investment Fund<br>Endowment||<br>|**-**<br>**330,470**||
|||||**-**||
||Spanish Investment Fund<br>Endowment|||**212,408**||
||**Details**|**Fund to**<br>**which asset**<br>**belongs**|<br>**Cost**<br>**(optional)**|||
|**B4 Assets retained for the**|Building|Endowment|**1,602,869**|||
|**charity’s own use**||||||
||The Collection<br>Endowment||<br>|**-**<br>**236,419**||
||||<br>|<br>|**-**<br>**-**|
||||||**-**|
||||||**-**|
||||||**-**|
|||**Fund to which**|**Amount due**|||
||**Details**|**liability relates**|**(optional)**|||
|**B5 Liabilities**|||<br>|<br>|**-**<br>**-**|
||||||**-**|
||||||**-**|
|Signed by one or two trustees on<br>behalf of all the trustees||Signature<br>Print|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