## **Trustees’ Annual Report for the period**
**From: January 1[st] 2022 To December 31[st] 2022**
## **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 2022
were to:
(a) identify young composition students
who were considering undergraduate
study, who would benefit from the support
the MRF was able to offer, and:
(i) support the 3 selected composition
students by providing funded specialist
educational activities, including tutorial
mentorships. 3 established composer-
educators agreed to act as mentors. The
young composers were responsible for
arranging payment for this support from
their MRF awards.
(ii) provide a public performance and a
recording of each of the awarded young
composers’ completed commissions.
(b) support 3 other applicants, who were
not selected for the full award, providing
free access to the workshop with the
selected applicants, and Annual Festival. In
the summer term MRF provided 2 on-line
introductory workshops, including a short
compositional task. These_‘New Voices’_
were younger applicants and thus had a
year or more time remaining to reapply to
MRF for the full award, making use of these
summer term workshops.
(c) to involve the public in exploring
contemporary music, via come and sing /
come and play opportunities at the annual
festival. This included music written by
MRF trustees and alumni.
(d) plan to develop in young musicians’ a
curiosity for composition, towards
developing the composers of tomorrow.|
|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 decided that £300 was to be
awarded to each of the 3 successful
applicants. This provided a minimum of 3x
1.5 hour mentoring lessons. Remaining
funds were to be used to enhance their
study of composition, at the discretion of
the trustees. The award-holder was to be
responsible for agreeing with their mentor
the fee for these lessons, around a
suggested fee of £50 per hour, and for
arranging payment. Each selected young
composer received a public performance of
their commission at the annual MRF
Festival and a recording.|
|Policy on social investment
including program related
investment|Para 1.38||
|Contribution made by
volunteers|Para 1.38|During 2022, the volunteer trustees
continued to be the driving force of the
activities of the MRF. Trustees are all 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:
The impact of COVID-19||MRF Annual Festival 2022 resumed in-
person for the first time since 2019.
COVID-19 had moved it on-line for 2020 &
2021. The selected composers were
commissioned to write music for film, using
a digital audio workstation. This
commission was selected in case the
process had to resume on-line, should
COVID-19 escalate.|
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,|Para 1.20|In this it’s 8th year, MRF:
1) provided support to selected young
composers, ensuring its continuation
should COVID-19 escalate.|
|identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.||2) The new venture_New Voices_as
described above, and the designing of
compositional support relevant to their
stage.
3) The Feb ’22 Starting Points workshop
included the 3 award-holders and the 3
_New Voices_, with the composer-in-
residence - a highly skilled technician in
the field.
4) regards long-term benefit, of the 3
awarded young composers: 1 was
awarded a choice of places at music
conservatoires to study composition,
and 1 is taking a gap year, then will
take up a place at University studying
music.
5) During the Autumn term, in it’s capacity
as Hampshire Music Education Hub
Partner, MRF was invited to apply for a
partnership project grant. The
application was successful for a
classroom project for Spring Term ’23:
_Tomorrow’s Composers._The aims of
the project were for students to develop
a passion & flair for composing, leading
towards further study and for teachers
to develop skills in teaching aspects of
composition.|
|---|---|---|
**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|At the end of this period, restricting the
£2,190 grant to the 2023 project
_Tomorrow’s Composers,_MRF had £1,577
for the award scheme and Festival costs for
’23. Plans were hatching to mark that 10th
anniversary year of Martin Read’s death to
include the performance of a significant
work of his, in the Festival. Applications for
further grant funding to support the
additional costs of this special Festival
would be required.|
|---|---|---|
|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|£1,577|
|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 and for any
additional costs regards the content of the
Annual Festival or other composition
projects as these arise.
The charity was funded initially from the
estate of the late Martin Read, Hampshire-
based composer and music educator. In
this eighth year of Foundation there was a
growing number standing orders and
donations, providing a small revenue
stream. Costs for 2022 were kept low due
to the Festival style gently emerging from
COVID-19, such that, for instance, the
awarded composers wrote on-line for film
rather than for performance by an
ensemble (which would have required
funding).|
## **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|Our social media trustee continues to
ensure a wider promotional reach, via
Instagram, Twitter and Facebook 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
2022, and ways towards solving them were:
**Reaching young aspiring composers,**
**promoting the scheme**-
during the autumn term ’21, the scheme
had been promoted to schools and to 6th
form 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.
**COVID-19**- restrictions which might be
imposed as a result of it’s escalation. MRF
commissioned selected composers to write
music for film.
**How to generate the young composers**
**of tomorrow:**
•
through our_New Voices_approach.
•
through our_Tomorrow’s Composers_
partnership project with Hampshire
Music Service,|
|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 / social
media / inviting suitably experienced
teachers to join our cohort of mentors /
fundraising / securing partnerships with
other music educators, etc.|
**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
network with which the
charity works|Para 1.51||
|---|---|---|
|Relationship with any
related parties|Para 1.51|MRF is a Hampshire Music Education Hub
Partner.|
|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||||
||Alexander Ling||From 13/10/22||
||||||
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
falls within the custodian
charity’s objects|n/a|
|Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own
assets|n/a|
## **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)** Rebecca Jill Read
Simon Speare
|**Position (eg Secretary,**
**Chair, etc)**
**Date**|
Trustee: founder & administrator|Trustee|
|---|---|---|
||13/10/2022||
||13/10/2022||
**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** 1.1.22 31.12.22
## **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 £**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Notes**
**Total funds**
**Last year**
**to the nearest £**
**to the nearest £**
**to the nearest £**
**to the nearest £**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Notes**
**Total funds**
**Last year**
**to the nearest £**
**to the nearest £**
**to the nearest £**
**to the nearest £**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Notes**
**Total funds**
**Last year**
**to the nearest £**
**to the nearest £**
**to the nearest £**
**to the nearest £**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Notes**
**Total funds**
**Last year**
**to the nearest £**
**to the nearest £**
**to the nearest £**
**to the nearest £**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Notes**
**Total funds**
**Last year**
**to the nearest £**
**to the nearest £**
**to the nearest £**
**to the nearest £**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Notes**
**Total funds**
**Last year**
**to the nearest £**
**to the nearest £**
**to the nearest £**
**to the nearest £**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Notes**
**Total funds**
**Last year**
**to the nearest £**
**to the nearest £**
**to the nearest £**
**to the nearest £**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Notes**
**Total funds**
**Last year**
**to the nearest £**
**to the nearest £**
**to the nearest £**
**to the nearest £**|
|---|---|---|---|---|---|---|---|---|---|
|**Carried forward :**|**2,578**|||||||||
|**A1 Receipts**||||||||||
|Donations by standing order
Other donations
Donations one-off, paypal & Smile Amazon
Grant (for use Spring Term 2023)
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) _|**385**||||||||**330**|
||**263**||||||||**80**|
||**133**||||||||**11**|
||**2,190**|||||||||
||**-**||||||||**-**|
||**-**||||||||**2**|
||**101**||||||||**-**|
||**-**||||||||**500**|
||**-**||||||||**-**|
||**217**||||||||**383**|
||**-**||||||||**100**|
||**-**||||||||**-**|
||**-**||||||||**-**|
||-||||||||-|
||**3,289**||||||||**1,406**|
|**table).**||||||||||
|||||||||||
|||||||||||
|**_Sub total_**
**_Total receipts_**
**A3 Payments**
Charity costs
Grant spent
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 / purchase & postage
Associated expenses, e.g.:train fares
Annual insurance premium
bank account fees
piano hire
Advance award payment for next year
**_Sub total_**|**3,289**|||||||||
|||||||||||
||**3,289**||||||||**1,406**|
|||||||||||
|||||||||||
||**-**||||||||**29**|
||**-**|||||||||
||**26**||||||||**-**|
||**-**||||||||**-**|
||**493**||||||||**600**|
||**-**||||||||**-**|
||**-**||||||||**-**|
||**-**||||||||**-**|
||**900**||||||||**-**|
||**-**||||||||**-**|
||**150**||||||||**-**|
||**264**||||||||**-**|
||**83**||||||||**-**|
||**23**||||||||**-**|
||**161**||||||||**-**|
||**-**||||||||**24**|
||**-**||||||||**-**|
||**-**||||||||**-**|
||**2,100**||||||||**653**|
|||||||||||
|**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_ **||||||||||
|||||||||||
||**2,100**||||||||**653**|
|||||||||||
||**1,189**||||||||**753**|
|||||||||||
||**2,578**||||||||**1,829**|
||**3,767**||||||||**2,578**|
CCXX R2 accounts (SS)
13/10/2023
2
## **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
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**
**B1 Cash funds**
**B2 Other monetary assets**|**Details**
**Details**
(agree balances with receipts and payments
account(s))
**Details**
**Details**
**Details**
**_Total cash funds_**
Signature|**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
Simon Speare||
|---|---|---|---|
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
||||Date of
approval|
|||Rebecca Read|Sep-23|
|||Simon Speare|Sep-23|
CCXX R3 accounts (SS)
13/10/2023
3