## **Trustees’ Annual Report for the period**
**From: January 1[st] 2023 To December 31[st] 2023**
## **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 2023
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. Agreed to support one award-
holder from 2022 for a 2ndyear, supporting
4 in total. 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) 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 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 £250 was to be
awarded to each of the 4 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 2023, 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:
Additional focus for 203||Festival 2023 marked 10 years since the
death of Martin Read, composer. Trustees
decided to stage a performance of one of
Martin’s major works: The Death of Colonel
Boles, alongside the premieres of the 4
selected young composers.|
## **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 it’s 9th year, MRF:
1) provided support to selected young
composers,
2) marked the 10thyear since the death of
MRF’s namesake, composer Martin
Read,
3) of the 4 awarded young composers: 2
received offers from a choice of
conservatoires to study composition at
undergraduate level, 2 continued onto
6thform, with the aim of applying for
undergraduate study in due course,
4) worked with class groups from 3
secondary schools during the Spring
and Autumn terms, through our school-
based partnership project with
Hampshire Music Education Hub:|
|‘Tomorrow’s Composers’, our|‘Tomorrow’s Composers’, our|
|---|---|
|application to HMEH for funds having||
|been successful. The aims of the||
|project were for:||
|i)|students to develop a passion &|
||flair for composing leading|
||towards further study such as|
||application to the MRF annual|
||award scheme;|
|ii)|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||We can measure this through:
1) Festival ’23 attendance: around 80, (an
increase of around 50 on Festival ’22)
2) Award scheme – positive feedback,
including this from a parent: ‘…_our_
_thanks to…MRF. Without this_
_competition, J. wouldn’t have heard of,_
_let alone got into, the Royal College of_
_Music Junior Department for next year._
_The MRF is clearly fulfilling its aim of_
_helping inspire new composers!’_
3) On-going partnership, established
2019, with Oxford-based choir
Commotio.
4) Tomorrow’s Composers – positive
feedback from students: ‘…_to consider_
_composing as a future career’,_
_‘broadened my mind, ideas on future_
_projects & potential job’;_
and, unsolicited, from a parent:_He_
_was… buoyed by the positive feedback_
_he received at the final Showcase. For_
_Christmas, he asked for a computer so_
_that he can compose at home… He has_
_decided that when he chooses GCSE_
_options, his first preference will be_
_music. Most of these children would_
_never think about composition without_
_the inspiration provided by the_
_Foundation._|
|---|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41||External event: _100 Miles for Martin_, carried
out by a past student of Martin Read, now
trustee for MRF:
i)
£1,355 raised
ii)
48 supporters,
iii)
of those 48, 31 were new reach.|
|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, MRF carried
forward £3,767 to fund it’s planned award
scheme for young composers in 2024.
For provision of future in-school
composition projects -_Tomorrow’s_
_Composers,_MRF planned to make further
applications to HMEH when notified,
endorsed by the positive feedback from
students, teachers and parents, as
mentioned earlier.|
|---|---|---|
|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 used to further the
chief activity of the charity: the provision of
specialist support for young composers.|
|Amount of reserves held|Para 1.22|£3,767|
|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 ninth year of Foundation there was a
growing number standing orders and
donations, providing a slightly increased
revenue stream. Costs for 2023 were
higher than recent years, due to the
Festival Marking 10 years since Martin
Read’s death, with the requirement of fees
for a larger, more appropriate venue, and
fees for soloists, performers and conductor
of Martin’s major choral work.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
- Hampshire Music Education Hub
- • External event – 100 Miles for Martin
- The charity’s principal • East Hampshire District Council Para 1.47
- sources of funds (including • Standing orders.
- any fundraising)
|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 - aiming at the younger
audience, Twitter and Facebook and
continuing to grow public awareness of the
charity.|
|---|---|---|
|A description of the principal
risks facing the charity|Para 1.46|Particular concerns of the Trustees during
2023, and ways towards solving them were:
1.
ensuring a broad reach of young
aspiring composers for the annual
award scheme,
2.
best ways of promoting the scheme,
3.
how to generate the young
composers of tomorrow.
MRF navigated these concerns via
promoting the scheme to
a. Hampshire 6thform college music
departments,
b. Hampshire secondary schools and to
and to
c. neighbouring music education hubs.
d. other connections, including via MRF
alumni to younger composers.
Promotion to b & c were achieved through
our partnership with the Hampshire Hub|
|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||||
||Tom Armstrong||From 1.1.23||
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**|Dame 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)**
Freddie Hodkin
**Full name(s)** Rebecca Jill Read **Position (eg Secretary,** Trustee: founder & administrator Trustee **Chair, etc)**
**Date** 24/09/2024
|**MARTIN READ FOUNDATION**
**Charity Name**|**MARTIN READ FOUNDATION**
**Charity Name**|**MARTIN READ FOUNDATION**
**Charity Name**|**1156661**
**No (if any)**|
|---|---|---|---|
|**Receipts andpayments accounts**||||
|**For the period**
**from**|1.1.23
Period start date|**To**|31.12.23
Period end date|
## **CC16a**
|**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 :**|3,767||||||||**2,578**|
|**A1 Receipts**||||||||||
|Donations by standing order
Other donations
Donations one-off, paypal & Smile Amazon
Grant - for Festival 2023
Grant - for Tomorrow's Composers, Spring '23
Interest, gold & cash accounts
Gift aid claim
Feb workshop ticket sales
Festival ticket sales
Festival donations
Proceeds from external event
**_Sub total_** _(Gross income for AR) _|610||||||||**385**|
||100||||||||**263**|
||29||||||||**133**|
||907||||||||**2,190**|
||2,130|||||||||
||||||||||**-**|
||324||||||||**101**|
||||||||||**-**|
||735||||||||**217**|
||155||||||||**-**|
||1,450||||||||**-**|
||**6,440**||||||||**3,289**|
|**table).**||||||||||
|||||||||||
|||||||||||
|**_Sub total_**
**_Total receipts_**
**A3 Payments**
Grant spent - Tomorrow's Composers
Printing
Performers fees - scheme & Festival
Award payments
Festival refreshments
Venue hire & license fee
Choral score set hire / purchase & postage
Associated expenses, e.g.:train fares
Annual insurance premium
Miscellaneous expenses
**_Sub total_**|**6,440**||||||||**3,289**|
|||||||||||
||**6,440**||||||||**3,289**|
|||||||||||
|||||||||||
||**2,000**||||||||**-**|
||**74**||||||||**26**|
||**1,525**||||||||**644**|
||**1,000**||||||||**900**|
||**52**|||||||||
||**259**||||||||**264**|
||||||||||**83**|
||**25**||||||||**23**|
||**131**||||||||**161**|
||**45**||||||||**-**|
||**5,111**||||||||**2,101**|
|||||||||||
|**A4 Asset and investment purchases,**
**(see table)**||||||||||
|
**_Sub total_**|**5,111.00**|||||||||
CCXX R1 accounts (SS)
27/09/2024
1
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_ **||||||||||
|---|---|---|---|---|---|---|---|---|---|
||**5,111**||||||||**2,100**|
|||||||||||
||**1,329**||||||||**1,189**|
|||||||||||
||3,767||||||||**2,578**|
||**5,096**||||||||**3,767**|
CCXX R2 accounts (SS)
27/09/2024
2
|**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
BeccyRead
Freddie Hodkin||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
||||Date of
approval|
|||BeccyRead|Sep-24|
|||Freddie Hodkin|Sep-24|
CCXX R3 accounts (SS)
27/09/2024
3