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2020-12-31-accounts

Trustees’ Annual Report for the period

From: January 1[st] 2020 To December 31[st] 2020

Charity name: Martin Read Foundation

Charity registration number: 1156661

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The object of this CIO is to advance the
education of the public in the UK in the
subject of the composition of music.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 The main public benefit activities of the
Foundation which were undertaken in 2020
were to:
(a) identify 4 young composition students
who were considering undergraduate
study, who would benefit from the support
the MRF was able to offer;
(b) support the selected composition
students by providing funded specialist
educational activities, including tutorial
mentorships. In 2020, four established
composer-educators agreed to act as
mentors. The young composers were
responsible for arranging payment for this
support from their awards.
(c) provide recordings of the awarded
young composers completed commissions.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 MRF confirms that its trustees have had
regard to the guidance issued by the
Charity Commission on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38 The trustees had decided that £300 was to
be awarded per selected applicant for the
annual MRF award, to an average of 3
applicants per year. This award is to
provide a minimum of 3, monthly, 1.5 hour
mentoring lessons. Any remaining funds
are to be used to enhance their study of
composition, at the discretion of the
trustees. The award-holder is responsible
for agreeing with their mentor the fee for
these lessons, and for arranging payment.
Individuals can be supported up to a
maximum of twice with an award from
MRF.
Policy on social investment
including program related
investment		 Para 1.38
Contribution made by
volunteers		 Para 1.38 During 2020, the management committee
continued to be the driving force of the
activities of the MRF. Committee
membership continued to be open to keen
supporters and / or practitioners of music
education, and of the aims of the CIO:
primarily to enhance the skills of promising
young composers, and include the public in
explorations and / or live performance of
contemporary music.
Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 In this the charity’s sixth year, MRF:
1) continued a provision to 4 awarded
young composers, despite COVID-19
changing the way the scheme could be
delivered.
2) after the initial workshop:Introduction to
Percussion, held at RCMJD, COVID-19
meant all other activity had to be
rethought, replanned and delivered
differently. Mentoring was thereafter
provided on Zoom or other on-line
platform, mutually agreed by the award-
holder and their mentor;
3) an on-line workshop was arranged,
which involved our Patron Judith Weir,
Master of the Queen’s Music
commenting on the award-holders’
commissions. Judith’s involvement
became possible due to the on-line
nature of the workshop, so was a
change to the original plan. Her
insightful comments, observations and
discussions were both a significant
benefit to the award-holders and an
inspiration to the charity as a whole;
4) regards long-term benefit, 3 of the 4
award-holders decided to continue

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Review of the charity’s
financial position at the end
of the period		 Para 1.21 The charity has sufficient funds at the end
of this period to cover the Awards to 3
selected young composers to be selected
for 2021 (£900), the remaining funds (£800)
will fund the soloist and venue for Festival
’21, should COVID-19 allow.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 Reserves will be put towards the chief
activity of the charity: the provision of
specialist support for young composers.
Amount of reserves held Para 1.22 £1,700
Reasons for holding zero
reserves		 Para 1.22 N/a
Details of fund materially in
deficit		 Para 1.24 N/a
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 It is anticipated that the annual Festival will
be largely self-funding, and that the major
expenditure of the charity will be the
provision of the scheme’s bursaries to its
awarded young composers. Fundraising
will be necessary to support this annual
scheme.
The charity was funded initially from the
estate of the late Martin Read, Hampshire-
based composer and music educator. This
sixth full year of Foundation operations was
enabled through income from sources
including proceeds from the successful
Festival ‘19, on-going standing orders and
donations. Costs for 2020 were reduced
due to COVID-19 and much of it’s activity
going on-line.

Additional information (optional) You may choose to include further statements where relevant about:
The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46 Particular concerns of the Trustees during
2020, and ways towards solving them were:
Promotion of the Scheme– reaching
young aspiring composers.:
•
during the autumn term ’19, the scheme
had been promoted to schools and to
6thform college music departments in
Hampshire..
How to generate the young composers
of tomorrow:
•
MRF partnered with Hampshire Music
Service to provide the first of 2 planned
workshops in schools, February 2020.
This first workshop was based on
generating rhythmic ideas led by
Michael Griffiths, a past student of
Martin Read. This was held at a
Hampshire secondary school and
enthusiastically received by the 20 or so
students who attended. Workshop 2
was to have been held in late March,
and was for expanding their ideas
through song-writing with our Gwyneth
Herbert, patron. Sadly these plans had
to be shelved due to COVID-19.

Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Constitution
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Trustees are selected by existing trustees
for their expertise as composers and / or
educators. During 2020 MRF sought to
broaden the skill-set of the trustees by
selecting a recent alumnus to take on
MRF’s social media.

Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name Martin Read Foundation
Other name the charity uses MRF
Registered charity number 1156661

Charity’s principal address

7, Gladstone Street, Winchester Hampshire SO23 8TQ

Names of the charity trustees who manage the charity

1
2
3
4
5
6		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body)
entitled to appoint trustee
(ifany)
Beccy Read Founder and
administrator
Alison willis
Simon Speare
Frederick Hodkin From 14thOctober 2020

Corporate trustees – names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets N/a held in this capacity Name and objects of the N/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/a safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of
adviser
Name
Address		 Type of
adviser
Name
Address		 Type of
adviser
Name
Address
Patron Howard Skempton Leamington Spa
Patron Gwyneth Herbert Hastings
Patron Judith Weir London

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/a

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)
Full name(s)
Position (eg Secretary,
Chair, etc)
Date
Rebecca Jill Read Alison Wiliis


Trustee: founder & administrator		 Trustee
24.10.21
24.10.21
Charity Name No (if any)
MARTIN READ FOUNDATION 1156661
Receipts andpayments accounts CC16a
1.1.20
Period start date
For the period
from		 31.12.20
Period end date
To
Section A Receipts and payments payments payments payments payments payments payments payments payments
Unrestricted
funds
Restricted
funds
Endowment
funds
Total funds
Last year
to the nearest £
to the nearest £
to the nearest £
to the nearest £
to the nearest £
Carried forward : 2,094 This fig. is £129.61
in excess of the
accounts total,
31.12.19: £1,965.
This £129.61 is a
historical amount.
A1 Receipts
Donations by standing order
Donations one-off, paypal & Smile Amazo
Interest, gold & cash accounts
Gift aid claim
B.Read donations from MRRec fund
Feb workshop ticket sales
Festival ticket sales
Festival donations
Festival food orders paid for
External event
Donation towards next year
Donations at busking event
Sub total (Gross income for AR)		 361 386

588		 335.01
- -
471 413
- 1,130
- 42
- 537
- 359
- 147
- -
- -
- -
1,420 3,349
(see table).
Sub total
Total receipts
A3 Payments
Festival printing
Expenses: selection panel
Performers fees
Commission fee
Choir fee
Pianist fee
Award payments 2020, 4x300
Food ordered for performers
MRF concert - conductor fee
Venue hire
Choral score set hire & postage
Associated expenses, e.g.:train fares
Annual insurance premium
bank account fees
piano hire
Advance award payment 2021
Sub total
1,420 3,349
- 48
- 150
225 500
- 500
- 100
- -
1,200 900
- 163
- 150
- 368
- -
- 58
- -
60 60
- -
200
1,685 2,997
A4 Asset and investment
purchases, (see table)

Sub total
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
1,685 2,997
265
-		 352
2,094 1,613
1,829 1,965

CCXX R1 accounts (SS)

24/10/2021

1

Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period
Categories
Signed by one or two trustees on behalf
of all the trustees
B1 Cash funds
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets		 Signature
Details
Details
Total cash funds
Details
(agree balances with receipts and payments
account(s))
Details
Details		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
OK
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
Fund to which
asset belongs
Cost (optional)
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
Print Name
Rebecca Read
Alison Willis
Date of
approval
Rebecca Read October 2021
Alison Willis October 2021

CCXX R2 accounts (SS)

24/10/2021

2