## **Trustees’ Annual Report for the period** **From 01.04.2022 Period start date To 31.03.2023 Period end date** ## **Charity name: The Reid Trust** ## **Charity registration number: 1180357** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|Founded in 1868, the Reid Trust was
established to improve and promote the
education of women in the United Kingdom.
The Trust continues this mission in the very
different educational environment of the
twenty-first century by supporting women
who have been educated in the UK at
secondary or tertiary level, or both, and who
wish to pursue higher education, training, or
research at an appropriate educational
institution in the UK. Applicants do not need
to have been born in the UK.| |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 trustees invite applicants to submit
applications for awards from the Trust
usually once every two years via the online
form on our website
(https://www.thereidtrust.co.uk
).
These awards support the education or
training, usually at postgraduate level, of the
successful applicants. Typically, the awards
are used to cover or contribute to a variety of
expenses incurred as a consequence of
study or training: e.g., course fees, travel
costs within the UK, childcare or other care
provision.
The deadline for submission is set at the end
of May. In the following July, trustees meet
to discuss the applications and decide on the
disbursal of individual awards of between
£250 and £1500.| |Statement confirming|Para 1.18|The trustees’regard to the Charity| ||whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit||Commission guidance on public benefit is
evident in their work to further the purpose of
the Trust by the regular distribution of
awards.
Trustees are responsible for reading all
applications, references, and any other
material pertaining to individual applications.
At the July awards’ meeting, trustees
discuss and agree their evaluation of the
submissions, taking into consideration the
quality of the application, the strength of
supporting references, and the
circumstances of the individual applicant**.**
In addition, trustees use the website to
promote awareness of the activities of the
Trust and explain candidate eligibility.
They have simplified the application process
with the development of an online
application system.|| |---|---|---|---|---| **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers 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|The Trust distributes awards of between
£250 and £1500 usually every two years.
Currently our investment income, which
funds the awards, is sufficient to meet the
financial demands of a two-year, rather than
a one-year, cycle.
The awards help beneficiaries to advance
their academic and/or professional careers.
In recent years the Trust has supported
awardees enrolled on diplomas and other
professional courses (e.g., Education,
Therapeutic Counselling, Professional Voice
Studies) and at different levels of
postgraduate study (e.g., DPhil, PhD, MA,
MFA, MMus, MPhil, MPP, MRes, MSc, MSt,
Veterinary Science Accelerated Graduate
Entry).
As regards the benefit to society as a whole,
the Trust’s awardees include those who
have pursued, or who are pursuing, fields of
study that impact directly on society, such as
Public Health, Global Maternal Health,
Speech and Language Therapy, Systemic
Psychotherapy, Art Therapy, Building
Surveying, Environmental Policy and
Regulation, Wildlife Biology, Conservation in
Stone, Wood and Decorative Surfaces, and
the Social Science of the Internet.| **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** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|In the period under review the Trust received
£10,395 from its investments held by the
CCLA. This money was paid into the Trust’s
account at the NatWest.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The reserves held by the Trust in the
NatWest account accumulate to fund the
awards that are disbursed usually every two
years. The reserves held in the period under
review contributed to the awards distributed
in the following financial year.| |Amount of reserves held|Para 1.22|£18,160| |Reasons for holding zero
reserves|Para 1.22|Not applicable.| |Details of fund materially in
deficit|Para 1.24|Not applicable. Our fund is not in deficit.| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|Not applicable.| ## **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|
The Trust’s sole source of funding is the
income from the investments held by the
CCLA, the UK’s largest charity fund
manager and a pioneer in ethical and
responsible investment. The income is used
to realise the key objective of the Trust,
namely the disbursal of awards to further the
education of women. In addition, a small
amount of money from income covers the
Trust’s administrative expenditure (in the
period under report this amounted to £20).| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Trust Deed| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Charitable Incorporated Organisation| |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|There are no specific constitutional
provisions concerning the appointment of
trustees, all of whom are unpaid volunteers.
New trustees join the board by invitation
based on their professional interests,
experience, and expertise.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction and
training of trustees|Para 1.51|| |---|---|---| |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|| |Other||| ## **Reference and Administrative details** |Charity name|The Reid Trust| |---|---| |Other name the charity uses|The Reid Trust for the Higher Education of Women| |Registered charity number|1180357| |Charity’s principal address|6 Rolle Villas
Exmouth
EX8 2AE| ||| **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Frances Blackmore|||| ||Grace Davie|||| ||Elaine Davies|||| ||Jennifer Ellis|||| ||Katherine
McDonald|Treasurer||| ||Joanna Mimmack|Secretary||| ||Charlotte Payne|Web Secretary||| ||Sara Smart|Chair||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – 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 Not applicable. held in this capacity Name and objects of the Not applicable. charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for Not applicable. 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** **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **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)** Sara Catherine Smart **Position (eg Secretary,** Chair **Chair, etc) Date** 22 January 2024 **Charity Name No (if any) Receipts and payments accounts CC16a For the period** Period start date Period end date **To from** 4/1/2022 3/31/2023 ## **Section A Receipts and payments** **Unrestricted Restricted Endowment funds funds funds** **Total funds Last year** |**Section A Receipts and payments**
**Unrestricted**
**funds**|**Restricted**
**funds**|**Endowment**
**funds**|**Total funds**|**Last year**| |---|---|---|---|---| |**A1 Receipts**
Investment income
**10,395**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**10,395**
**-**
**-**
**_Sub total_ -**
**_Total receipts_ 10,395**
**A3 Payments**
Administrative expenditure
**20**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ 20**
**-**
**-**
**_Sub total_ -**
**_Total payments_ 20**
**_Net of receipts/(payments)_ 10,375**
**A5 Transfers between funds**
**-**
**A6 Cash funds last year end**
**7,785**
**_Cash funds this year end_ 18,160**
**to the nearest £**
**_Sub total_**_(Gross income for AR)_
**A2 Asset and investment sales,**
**(see table).**
**A4 Asset and investment**
**purchases, (see table)**|**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**to the nearest £**|**to the nearest £**
**10,395**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**10,395**
**-**
**-**
**-**
**10,395**
**20**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**20**
**-**
**-**
**-**
**20**
**10,375**
**-**
**7,785**
**18,160**|**to the nearest £**| |||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**10,395**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**10,395**|**-**| |||||| |||**-**
**-**
**-**|**-**|| ||||**-**|**-**| ||||**-**|**-**| |||||| |||**-**|**10,395**|**-**| |||||| |||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**20**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**20**|**-**| |||||| |||**-**
**-**
**-**|**-**|| ||||**-**|| ||||**-**|**-**| |||||| |||**-**|**20**|**-**| |||||| ||**-**|**-**
**-**
**-**
**-**|**10,375**|**-**| ||**-**||**-**|**-**| ||**-**||**7,785**|**-**| ||**-**||**18,160**|**-**| ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
**B1 Cash funds**
**B2 Other monetary assets**
**B3 Investment assets**
**B5 Liabilities**
**B4 Assets retained for the**
**charity’s own use**
Signed by one or two trustees on
behalf of all the trustees|**Details**
Current account0
**Details**
**Details**
COIF Charities Ethical Investment Fund
COIF Charities Ethical Investment Fund
**Details**
**Details**
Signature
**_Total cash funds_**
(agree balances with receipts and payments
account(s))|**to nearest £**
**to nearest £**
**18,160**
**-**
**-**
**-**
**-**
**-**
**18,160**
**-**
OK
OK
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
Print Name
Sara Catherine Smart
**Unrestricted**
**funds**
**Restricted**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Fund to which**
**asset belongs**
**Reid Trust**
**079980002AA**
Reid Trust
079980001AA
**Fund to which**
**asset belongs**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**|**to nearest £**
**Endowment**
**funds**| |---|---|---|---| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**to nearest £**
**Endowment**
**funds**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**115,739**| ||||**4,987**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| |||Sara Catherine Smart|22.01.24| |||||