Trustees’ Annual Report for the period
From: January 1[st] 2021 To December 31[st] 2021
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 2021 were to: (a) identify young composition students who were considering undergraduate study, who would benefit from the support the MRF was able to offer; (b) to support the 2 selected composition students by providing funded specialist educational activities, including tutorial mentorships. In 2021, 2 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 are aware of 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 £200 was to be awarded to 1 applicant, who was awarded for the 2ndyear running. This provided 3x 1.5 hour mentoring lessons. Any remaining funds were to be used to enhance their study of composition, at the discretion of the trustees. The award-holder was responsible for agreeing with their mentor the fee for these lessons, and for |
| arranging payment. The 2ndapplicant, who was selected for the 3rdyear running, received no financial award (as per MRF grant-making - individuals can be supported up to a maximum of twice with an award from MRF), but received a commission. Both selected young composers received a performance of their commission at the annual MRF Festival, which was on-line for 2021. The commission was for saxophone and electronics, ensuring these were musically viable on-line. |
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|---|---|---|
| Policy on social investment including program related investment |
Para 1.38 | |
| Contribution made by volunteers |
Para 1.38 | During 2021, 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 7th year, MRF: 1) continued a provision to 2 selected young composers, despite COVID-19 moving all it’s activities on-line. 2) The Feb ’21 Starting Points workshop included the 2 selected composers, saxophonist and technician. 3) in a new venture, MRF alumni were invited to write pieces for the Alumni Collective. 7 pieces were created, each track of which was recorded in isolation and pulled together with help from MRF’s skilled technician. MRF’s Founder Trustee took visuals from photos of the alumni recording their tracks, and made these into a film unique to each piece. These pre- recorded Alumni Collective pieces were |
relayed at the Festival alongside the 2 new live pieces by the award-holders. 4) The annual Festival once again involved our Patron Judith Weir - then Master of the Queen’s Music. She had been involved with the 2 selected during their 2020 award, and was keen to observe their progression. Judith’s insightful comments, observations and discussions with both the awardholders and the alumni were of great benefit to them all, and an inspiration to MRF as a whole; 5) regards long-term benefit, both the awarded composers received offers to study composition at London conservatoires, 1 being granted a scholarship by Royal Academy – which she accepted. Several of the alumni spoke of the Collective project being a life-line through a period of considerable restriction due to COVID19. 6) in 2021 the public involvement amounted to families of the young composers observing the on-line Festival. The positive experience of using on-line platforms for mentoring and workshops continued to produce ideas towards expanding the reach of MRF in subsequent years.
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 award up to 3 young composers to be selected for 2022 (£900), the remaining funds (£1,682) will cover the costs of the Annual Festival’22. |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Other than its annual agreement to fund the awards of a small number of selected young composers, there is no further financial obligations should the CIO fold. All funds held 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 | £900 |
| 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 major expenditure of the charity will be the provision of the scheme’s bursaries to its awarded young composers. Fundraising may 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 seventh year of Foundation operations was enabled through income from sources including on-going standing orders and donations. Costs for 2021 were again low due to COVID-19 and all of its 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 | One MRF trustee has took on the role of social media, via Instagram and Twitter, aiming at the younger audience (the young composers of tomorrow – see below) and generally improving public awareness of the charity. |
| A description of the principal risks facing the charity |
Para 1.46 | Particular concerns of the Trustees during 2021, and ways towards solving them were: Promotion of the Scheme– reaching young aspiring composers.: • during the autumn term ’20, the scheme had been promoted to schools and to 6thform college music departments in Hampshire as well as by personal |
recommendations, including MRF alumni to younger composers encouraging them to apply to MRF’s annual scheme. Given the reducing support for school-age musicians who are interested in composition: How to generate the young composers of tomorrow: • Continuing in partnership with Hampshire Music Service, MRF is developing a plan around school-age students composing music for film. Workshops are being planned, both online and in-person, to take place in a few Hampshire schools, by way of a pilot project for Spring Term ’21. 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. Different trustees take on specific tasks, such as drafting the Call for Scores for the annual scheme. |
Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works
Para 1.51 Relationship with any related parties 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 |
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| Alison Willis | ||||
| Simon Speare | ||||
| Frederick Hodkin | ||||
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 held in this capacity |
n/a |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this |
n/a |
falls within the Custodian charitys objects Details of arrangements for safe custody and segregation of such assets from the charity's own assets nla Addltlonal Information loptional) Namos and addres$ of advlsers (Optlonal Informatlon) Typo of Name Addr•$8 advlser Patron Howard Skempton Gwyneth Herbert Judilh Weir Leamington Spa Hastings London Patron Patron Name of ¢hlof ex?cutlve or name$ of 8enlor staff members Ioptlonal Inforniatlon) Exemptlons from dlsclosure Reason for non-disclosure of ke ersonnel detsils nla Other o tlonal Infomiatlon Declarations The trustees declaro that they have approved the truslo08' roport abovo. Slgnod on half of the charlty's trustses Slgnature(s) Full name{sl Positlon (Og Secretary. Chalr, etcl Rebecca Jill Read Simon Speare Trustee.. founder & administrator Trustee Dato 2.10.22
Charity Name No (if any) MARTIN READ FOUNDATION 1156661 Receipts and payments accounts CC16a For the period Period start date Period end date To from 1.1.21 31.12.21
| Section A Receipts and payments | Section A Receipts and payments | Section A Receipts and payments | Section A Receipts and payments | Section A Receipts and payments | Section A Receipts and payments | Section A Receipts and payments | Section A Receipts and payments | Section A Receipts and payments | Section A Receipts and payments |
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted funds Restricted funds Notes Total funds Last year to the nearest £ to the nearest £ to the nearest £ to the nearest £ |
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| Carried forward : | 1,829 | This figure includes payment of £200 *, made in Dec. '20, to the 1 funded award- holder for 2021 |
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| A1 Receipts | |||||||||
| Donations by standing order Other donations Donations one-off, paypal & Smile Amazon Interest, gold & cash accounts Bank account closure Gift aid claim B.Read donations from MRRec fund Feb workshop ticket sales Festival ticket sales Festival donations Festival food orders paid for Proceeds from external event Donation towards next year Sub total _(Gross income for AR) _ |
330 | 361 | |||||||
| 80 | |||||||||
| 11 | 588 | ||||||||
| - | - | ||||||||
| 2 | |||||||||
| 471 | |||||||||
| 500 | - | ||||||||
| - | - | ||||||||
| 383 | - | ||||||||
| 100 | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| 1,406 | 1,406 | ||||||||
| table). | |||||||||
| Sub total Total receipts A3 Payments Charity costs Festival printing Expenses: selection panel Performers fees Commission fee Choir fee Pianist fee Award payments 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 for next year Sub total |
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| 1,406 | 1,420 | ||||||||
| 29 | Policy templates purchased |
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| - | - | ||||||||
| - | - | ||||||||
| 600 | 225 | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | *paid in 2020 | 1,200 | |||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| - | - | ||||||||
| 24 | 60 | ||||||||
| - | - | ||||||||
| - | 200 | ||||||||
| 653 | 1,685 | ||||||||
| A4 Asset and investment purchases, (see table) |
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Sub total Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end **Cash funds this year end ** |
|||||||||
| 653 | 1,685 | ||||||||
| 265 - |
|||||||||
| 1,829 | 2,094 | ||||||||
| 2,582 | 1,829 |
CCXX R1 accounts (SS)
06/10/2022
1
Section B Statement of assets and liabilities at the end of the period Vnrestrlcted funds to nMr•vt Restricted funds Cat•gO•• Details to nfr4rMt £ B1 Cashlunds Total¢•$h ftrtKI8 Unr•8trlcted funds tv rnar••t £ RMtrlct8d fund4 Dotall8 to nmrwt £ 82 Othèr mongtary 4••et• FLMJ tolch ••••1 D•t8118 83 lTrY•tment a*¥•t• FI towhlch aM•t D¢lall 84 A$4•ts r•tslMd for thè chartty'¥ own u•• towN¢h D¢lalls B5 Ll•bllltl•8 8¥Jned by one ortr twslo08 on bahawof 811 the tru8t0O8 SbJnature Prfnt Narn Rebecca Road SinY)n Spgare CCXX R3 &(ryJunts ISSI 0511012022