2023-03-31-accounts - The Reynolds Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees' Annual Report for the period

Period start date Period end date 01 04 2022 31 03 2023 From To

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

Trustee name	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
R G Reynolds		Trustees
K Loeffler		“
R Reynolds		“
B Guardia Bagur	1/4/22 to 30/11/22	“

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

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
INVESTMENT	FISKE & Co	LONDON EC2M 5QS
INVESTMENT	RATHBONES	LONDON EC2M 7AZ

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)

How the charity is constituted

TRUST

(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

Summary of the objects of the charity set out in its governing document

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 in the field of the arts.

March 2012

TAR

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Housing and display of the Collection.
Support for concerts in Mahon
Music bursary scheme
3 Summer schools for young musicians and artists in Menorca
Bursaries to two members of the UK National Youth Orchestra
• Support to Ex Cathedra

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

In Mahon the Foundation held a 20[th] anniversary exhibition celebrating Summary of the main the artists who have been associated with the Foundation achievements of the charity Also in Mahon there was a full programme of concerts with Joventuts during the year Musicals. The first bursary to a musician was granted to D Molina The Foundation funded three successful summer school, held on the Foundation’s premises, for young musicians and artists.

In the UK, the Foundation awarded two bursaries to young musicians of the National Youth Orchestra. The support to Ex Cathedra continued, especially towards their ‘Singing medicine’Programme

Section E Financial review

To have sufficient reserves invested to provide enough income to meet Brief statement of the the running costs of the Foundation charity’s policy on reserves

Details of any funds materially in deficit

March 2012

TAR

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 Reynolds

Full name(s) Richard Gurdon Reynolds Position (eg Secretary, Chair, Chair etc) Date 30 June 2023

March 2012

TAR

The Reynolds Charity Name	Foundation		1091512 No (if any)
Receipts and payments accounts				CC16a
For the period from	1/4/2022 Period start	To	31/03/2023 Period end

Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricte d funds to the nearest £ - - - - - - - - - - - - -	Restricted funds to the nearest £ - - - - - - - - - - - - -	Endowment funds to the nearest £ - - - - - - - - - - - - -	Total funds to the nearest £ 155,007 - 67,238 - - - - - 222,245 - - - 222,345	Last year to the nearest £
Gift Aid and Tax Refund	-				151,258
	-				-
Investment income	-				38,124
	-				-
	-				-
	-				-
	-				-
	-				-
*Sub total*(Gross income for AR)	-				189,382

A2 Asset and investment sales, (see table).
	-
	-				-
*Sub total*	-				-
**Total receipts **
	-	-	-	222,345	189,382

A3 Payments
Management of the Collection	-	-	-	15,646	15,915
	-	-	-	-	-
Support foryoung artists	-	-	-	34,135	15,294
	-	-	-	-	-
Administration	-	-	-	253	221
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
**Sub total **	-	-	-	50,034	31,430

	A4 Asset and investment
	purchases, (see table)
		-		-	-	-
	**Sub total **	-		-	-	179,838	155,599

	**Total payments **	-		-	-	229,872	187,029

*Net of receipts/(payments)* CCXX R1 accounts (SS)		-	1	-	-	- 7,427	2,353 7/20/2023

A5 Transfers between fund - - - - - A6 Cash funds last year en - - - 45,576 Cash funds this year end - 38,149 2,353

CCXX R2 accounts (SS)

7/20/2023

Section B Statement of assets and liabilities at the end of the period

La Caixa(Spain) Natwest Current Natwest Savings Details Details *Total cash funds* (agree balances with receipts and payments account(s)) Details	Unrestricted funds to nearest £ 23,078 1,021 14,050 38,149 Agreement Error Unrestricted funds to nearest £ - - - - - - Fund to which asset belongs	Restricted funds to nearest £ - - - - OK Restricted funds to nearest £ - - - - - - Cost (optional)	Endowment funds to nearest £
			-
			-
			-
			-
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
UK Quoted Equities	Endowment	532,731	493,501
		-	-
UK Investment Fund	Endowment	331,152	379,224
		-	-
Spanish Investment Fund	Endowment	509,712	507,062
Details	Fund to which asset belongs	Cost (optional)	Current value (optional)
Building	Endowment	1,602,869	-
		-	-
The Collection	Endowment	236,419	-
		-	-
		-	-
		-	-
		-	-
		-	-
		-	-
Details	Fund to which liability relates	Amount due (optional)	When due (optional)
		-
		-
		-
		-
		-
Signature ~~R G Reynolds~~	Print Name Richard Gurdon Reynolds
			Date of approval
~~R G Reynolds~~	Richard Gurdon Reynolds		6/30/2023

CCXX R3 accounts (SS)

7/20/2023

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name members of The Reynolds Foundation On accounts for the year ended[31/3/2023 ] Set out on pages 1

Charity no (if any)[1091512 ] (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2023

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 (“the Act”).

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.

Independent I have completed my examination. I confirm that no material matters have examiner's statement 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

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: Clare Brown Date: 24/07/23

Name: Clare A Brown

Relevant professional FCCA qualification(s) or body (if any):

Address: 66B Smith Street

Warwick

CV34 4HU

Section B Disclosure

October 2018

IER