## **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.| |---|---|---| |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||| ||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 £**||||||||| |**Carried forward :**|**1,829**||||**This figure**
**includes payment**
**of £200 *, made in**
**Dec. '20, to the 1**
**funded award-**
**holder for 2021**||||| |**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_**|||||||||| ||||||||||| ||**1,406**||||||||1,420| ||||||||||| ||||||||||| ||**29**||||Policy templates
purchased||||| ||**-**||||||||-| ||**-**||||||||-| ||**600**||||||||225| ||**-**||||||||-| ||**-**||||||||-| ||**-**||||||||-| ||**-**||||***paid in 2020**||||1,200| ||**-**||||||||-| ||**-**||||||||-| ||**-**||||||||-| ||**-**||||||||-| ||**-**||||||||-| ||**-**||||||||-| ||**24**||||||||60| ||**-**||||||||-| ||**-**||||||||200| ||**653**||||||||1,685| ||||||||||| |**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_ **|||||||||| ||||||||||| ||**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• FLM*J to*l*ch ••••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