## **Trustees’ Annual Report for the period**
**From: January 1[st] 2024 To December 31[st] 2024**
## **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 2024
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 2023 for a 2ndyear, supporting
4 in total. 4 established composer-
educators agreed to act as mentors. The
young composers were responsible for
arranging payment for this support from
their MRF awards.
(ii) in a new partnership with the Royal
College of Music’s Junior Department
(RCMJD), to provide 2 public performances
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 ‘24. Music includes new
compositions 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
||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 2024, 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 2024||Scheme 2024 was in a new partnership
with RCMJD. Working with their head of
percussion as soloist and joining their
composition workshops, the 4 MRF young
composers received guidance on
composition, and a public premiere of their
commission for percussion, hosted by MRF
patron the Master of the King’s Music. A
further public performance was given by a
RCM undergraduate percussionist at the
annual Festival in Alton College, Alton,
Hampshire. This Festival also included a
samba band workshop and performance,
for community musicians of all ages, led by
the percussion soloist – a BBC Young
Musician finalist. This broadened the scope
of the Come & Sing / Come & Play
community engagement. See Objectives,
line 2, (b)|
## **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 10th year, MRF:
1) provided support to selected young
composers,
2) partnered with RCMJD
3) supported all 4 awarded young
composers onto further study:
2 started at RCMJD composers; 1
applied to Royal Academy of Music as
an undergraduate, starting ’25; 1
applied successfully to MRF ’25.
4) was successful, late ’24, in our
application to Hampshire Music
Education Hub for funds to provide
another Tomorrow’s Composers
project, schools-based, in ‘25. The aims
of Tomorrow’s Composers are to:
i)
develop in KS2 students 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 ’24 Come and Sing / Come and
Play involvement: 34 of all ages.
2) Award scheme – positive feedback,
including this from the parent of an
award-holder after the RCMJD recital:
_It feels unbelievable that my son had_
_his first percussion composition_
_performed by such a renowned_
_musician, in such an amazing venue!_
_He feels incredibly privileged to have_
_been given such an opportunity._
3) New partnership with RCMJD.
4) Tomorrow’s Composers – successful
grant application towards provision’25.|
|---|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41||External event: _Back to School_rock
festival, carried out by a past student of
Alton College raised £495.
The audience of around 100, all new to
MRF, listened to a short presentation by
MRF Founder Trustee, raising the profile.|
|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 £5,004 to fund it’s planned award
scheme for young composers in 2025.
Grant funding of £2070, received from
HMEH, restricted for the provision of a
_Tomorrow’s Composers,_project in schools
during summer term 2025.|
|---|---|---|
|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, and the use of funds
restricted for the provision of a_Tomorrow’s_
_Composers_project during 2025, there are
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|£5,004|
|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 2024 were lower
than in recent years, enabling saving to be
made towards provision in future years.|
**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|•
Hampshire Music Education Hub
•
External event –_Back to School_
•
Standing orders.
•
Other donations
•
Festival ticket sales|
|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
and Facebook - 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
2024, 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 Para 1.51 network with which the charity works
||||
|---|---|---|
|Relationship with any
related parties|Para 1.51|MRF is partnered with:
•
Hampshire Music Education Hub
•
Commotio – Oxford-based choir
•
Royal College of Music Junior
Department|
|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||||
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**|**Name**|**Address**|
|---|---|---|
|**adviser**|||
|**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)**
## ~~pT~~
## **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.**
**on behalf of the charity’s trustees Signature(s)** ~~ee~~ Tom Armstrong **Full name(s)** Rebecca Jill Read ~~ee|~~
**Signed on behalf of the charity’s trustees**
**Position (eg Secretary,** Trustee: founder & administrator Trustee **Chair, etc)** ~~ee~~
> **Date 15/10/25** ??/??/25
**Charity Name No (if any) MARTIN READ FOUNDATION 1156661** ~~ee~~ **Receipts and payments accounts CC16a For the period** Period start date Period end date **To from** 1.1.24 31.12.24 ~~ee ee ee~~
## ~~a~~ **Section A Receipts and payments**
|Donations by standing order
Other donations
Donations Paypal Giving / Smile Amazon
Grant - for Festival
Grant - for Tomorrow's Composers '25
Interest, gold & cash accounts
Gift aid claim
Feb workshop ticket sales
Festival ticket sales
Proceeds from external event
**_Sub total_** _(Gross income for AR)_|711||||||||610|
|---|---|---|---|---|---|---|---|---|---|
||543||||||||255|
||70||||||||29|
||||-||||||907|
||||2,070||||||2,130|
||**-**||||||||-|
||**-**||||||||324|
||**-**||||||||-|
||316||||||||735|
||495||||||||1,450|
||**2,135**||**2,070**||||||**6,441**|
|**table).**||||||||||
|||||||||||
|||||||||||
|**_Sub total_ 2,135**
**_Total receipts_ 2,135**
**A3 Payments**
Grant spent - Tomorrow's Composers '23
Printing
50
Performers fees - scheme & Festival
865
Award payments
1,000
Festival refreshments
102
Venue hire & license fee
21
Choral score set hire / purchase & postage
-
Instrument hire
Associated expenses, e.g.:train fares
-
Annual insurance premium
131
Miscellaneous expenses
58
**_Sub total_ 2,227**
~~|~~|**2,135**||**2,070**||||||**6,440**|
|||||||||||
||**2,135**||**2,070**||||||**6,440**|
|||||||||||
|||||||||||
||||100|100|||||**2,000**|
||50||||||||**74**|
||865||||||||**1,525**|
||1,000||||||||**1,000**|
||102||||||||**52**|
||21||||venue hire invoice
not received||||**259**|
||-|||||||||
|||||||||||
||-||||||||**25**|
||131||||||||**131**|
||58||||||||**45**|
||**2,227**||**100**|~~|~~|~~|~~|~~|~~|~~|~~||**5,111**|
||~~|~~|~~|~~|~~|~~|~~|~~
~~|~~|~~|~~
~~|~~|~~|~~
~~|~~|~~|~~
~~|~~|~~|~~|~~|~~|
|**A4 Asset and investment purchases, (see**
**table)**
~~|~~|~~|~~|~~|~~|~~|~~|~~|~~
~~|~~|~~|~~
~~|~~|~~|~~
~~|~~|~~|~~
~~|~~|~~|~~|~~|~~|
CCXX R1 accounts (SS)
15/10/2025
1
|**_Sub total_ **
**_Total payments_ **
**_Net of receipts/(payments)_ **
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_ **|**2,227**||||||||**5,111.00**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
||**2,227**||||||||**5,111**|
|||||||||||
||**- 92**||||||||**1,329**|
|||||||||||
||**5,096**||||||||**3,767**|
||**5,004**||||||||**5,096**|
CCXX R2 accounts (SS)
15/10/2025
2
## **Section B Statement of assets and liabilities at the end of the period** ~~ee~~
**Unrestricted Restricted Categories Details funds funds to nearest £ to nearest £ B1 Cash funds - - -** _**Total cash funds**_ **5,004 2,070** ~~—~~ (agree balances with receipts and payments account(s)) OK Agreement Error **Unrestricted Restricted funds funds Details to nearest £ to nearest £ B2 Other monetary assets - - - -** ~~Sa~~ **Fund to which Details asset belongs Cost (optional) B3 Investment assets - -** ~~Sa~~ **Fund to which Details asset belongs Cost (optional) B4 Assets retained for the charity’s - own use -** ~~Sa~~ **Fund to which Amount due Details liability relates (optional) B5 Liabilities - -** ~~Sa~~ Signed by one or two trustees on behalf of all the Date of trustees Signature Print Name approval Beccy Read Oct-25 Tom Armstrong
CCXX R3 accounts (SS)
15/10/2025
3