Docusign Envelope ID.. F365A724-563E44E1-B164-B45099FC89FO Charity Registration No. 1200096 RICK MATHER DAVID SCRASE FOUNDATION TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 5APRIL 2024
Docusign Envelope ID.. F365A724-563E44E1-B164-B45099FC89FO RICK MATHER DAVID SCRASE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr HAWi150n Mr Rlarmèn Professor C Whistler Mr C Barclav cretsry Mr H A Wilson Charity number 1200096 Independent examiner TC Group 6 Queen Street Leeds West Yorkshire LSI 2TW
Docusign Envelope ID.. F365A724-563E44E1-B164-B45099FC89FO RICK MATHER DAVID SCRASE FOUNDATION CONTENTS Page Trustees, report Independent examiners, report Statement of financial activities Summary income and expenditure account Balance sheet Notes to the accounts 9-12
Docusign Envelope ID.. F365A724-563E44E1-B164-B45099FC89FO RICK MATHER DAVID SCRASE FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 5APRIL 20Z4 The trustees present their report and accounts for the year ended 5 April 2024. The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the charity's governing document, the Companie5 Act 2006 and the Statement of Recommended Practice, 'Accounting and Reporting by Charitie5" issued in March 2005. Structurei governance and management The trustees, who are also the directors for the purpose of company law, and who served during the year were.. Mr H A Wilson Dame R I Savill IDeceased 27 December 20241 Mr Rjarman Professor C Whistler MrCBarclay IAppointed l October 20241 IAppointed l October 20241 The Trustees have professional andlor commercial backgrounds with a range of complementary skills that are appropriate for the activities of the charity. In the event of a particular skill bein8 lost due to retirement, individua15 are approached to offer themselve5 for appointment a5 Trustees. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. Most Trustees are familiar with the practical work of the Charity prior to appointment. Additionally, new Trustees are invited and entouraged to meet with the Ch3irm3n and fellow Trustees to famili3rise themselves with the work and Structure of the Charity and obligation5 of the Trustees. New Tru5tee5 are provided with information on the objectives on of the Charity, the Charity's conflicts of interest policy, the Charity Commission's guidance on becoming a Charity Trustee. Strategic decisions are taken by the Governing Body, advised by management. which meets regularly during the year. In the intervening period, individually or collectively, the Trustees will be involved in decision making andl or advising management a5 necessary. The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Oblectlves and actlvltles The charity's objects are to advance such charitable purposes (according to the law of England and Wales) as the charity trustees see fit from time to time by making grants to organisations and individuals. The trustee5 have paid due regard to guidance issued by the Charity Commission in deciding what activitie5 the charity should undertake.
Docusign Envelope ID.. F365A724-563E44E1-B164-B45099FC89FO RICK MATHER DAVID SCRASE FOUNDATION TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 5APRIL 20Z4 A¢hlevements and performance The trustees continued to make grants and donations in line with the policies they previously defined. In the field of architecture, the Foundation is funding the publication of a new monograph on Rick Mather, to be published by Lund Humphrie5 in 2025, which will bring his work and principles back to public attention. It has contributed to the extension of the restaurant at the Towner, Eastbourne, where visitor number5 now greatly exceed those envisaged when the architectural brief for the building was drawn up. It has also funded the architect Mary Duggan to design the new building at the heart of the Garden Museum's extension of its site in Lambeth. Encouraging early-career opportunities in challenging professions, such as horticulture and art-curatorship is especially valued by the tru5tee5 and they have entered multi-year agreements with Great Dixter and the Chelsea Physic Garden to fund temporary learning posts. Both of these important organisations offer a great range of experience to a young horticulturalist. Likewise, the Ashmolean Museum, Oxford is giving a young curator the opportunity to research and catalogue the large and diverse Douce Collection. The Foundation has enabled the Courtauld to purchase a proof impression by Mary Cassatt and thereby fill an important gap in it5 collection. Funding for the Wigmore Hall's Vocal Series has continued and the Foundation has enabled Music Preserved to start digitising and making available its important collection of live, historic recordings. In the ballet field, the Foundation has made a commitment to fund the Frederick Ashton Foundation and the Margot Fonteyn Scholarship Fund. Thi5 funding will help ensure that Ashton's choreography 15 Pa55ed on faithful to future generations and that young dancers from around the world will be able to take part in the annual competition, The Fonteyn. The Foundation's funding of the Human Dignity Trust helps it in its battle to reverse legislation outlawing same- sex relationships around the world, especially in ex-colonial territories. The Trustee5 are very grateful to have received donations from Elizabeth LLewellen, the Cowley Charity, Sir Christopher and Lady White and the Martineau Family Trust. As of October 2024 two new trustees have been appointed.. Catherine Whistler, former Keeper of Western Art at the Ashmolean Museum and the architect Charlie Barclay. Both bring expert knowledge and personal connections to Rick Mather and David Scrase. It is with great sadness that I report the death of Ros Savill just after Christmas 2024. Ros was very fundamental to how we set up the Foundation and the principles by which we chose to work. When we came to consider requests we received for our support her views were always sympathetic. generous, wise, balanced and rigorous. She made meetings with her fellow trustees or with the organisations we support extremely positive and joyful. She took much personal satisfaction from giving support to CaU5e5 and projects that she knew would have met the approval of her old friends David Scrase and Rick Mather. Her contribution will be much missed.
Docusign Envelope ID.. F365A724-563E44E1-B164-B45099FC89FO RICK MATHER DAVID SCRASE FOUNDATION TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 5APRIL 20Z4 Flnan¢lal revlew The Rick Mather David Scrase Foundation IRMDSFI has been set up with funds from the estates of Rick Mather and David Scrase. Apart from liquid funds needed to meet expenditure, the funds have been invested with the fund managers 7iM with in5truction5 to provide a reasonable return. The trustees have resolved to meet funding requests by spending both capital and income each year. They anticipate that the life of the Foundation will be between five and ten years. The expenditure of £375,000 in this year is consistent with these plans. Some grant commitment5 made by the tru5tee5 are for multiple years, but the Sums involved are very modest in the light of the value of the fund, so present no problem. The sum of £2.883,000 remaining at the end of the year is. in the view of the trustees. sufficient for them to continue with grant giving according to their plan. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and Six month's expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. On behalf of the board of trustee5 YJEX71YEwr" Mr H A Wilson Truste 511/202 5 Dated..
Docusign Envelope ID.. F365A724-563E44E1-B164-B45099FC89FO RICK MATHER DAVID SCRASE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RICK MATHER DAVIDSCRASE FOUNDATION I report on the accounts of the charity for the year ended 5 April 2024. which are set out on pages 5 to 12. Respective responsibilities of trustees and examiner The trustees. who are also the directors of Rick Mather David Scrase Foundation for the purposes of company law, are responsible for the preparation of the account5. The trustees consider that an audit Is not required for this year under section 144121 of the Charities Act 2011, the 2011 Act, and that an independent examination 15 needed. The charity's gross income exceeded £250,000 and l am qualified to undertake the examination being a qualified member of ICAEW. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent ex3min3tion, it is my responsibility to-. lil examine the accounts under section 145 of the 2011 Act,. lill to follow the procedures laid down in the general Directions given by the Charity Commission under section 14515llbl of the 2011 Act,. and liiil to state whether particular matters have come to my attention. Basls of Independent examlner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanation5 from you as trustee5 concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given a5 to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention.. 131 which gives me reasonable cause to believe that in any material respett the requirements.. to keep accounting records in accordance with section 386 of the Companies Act 2006,. and lill to prepare accounts which accord with the accounting records, comply with the accounting requirements of 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Prattice.. Accounting and Reporting by Charities,. Ibl to which. in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. $1gned br. F6EEET9Dts64Fa TC Group ICAEW 6 Queen Street Leeds West Yorkshire LSI 2TW 151112025 Dated..
Docusign Envelope ID.. F365A724-563E44E1-B164-B45099FC89FO RICK MATHER DAVID SCRASE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5APRIL 20Z4 2024 2023 Notes Incomin resources from Donations and legacies Investment income enerated funds 727.659 2,588,240 32,541 16,968 Total incoming resources 760.200 2,605,208 Resour¢es ex ended Costs of generating funds Investment management costs 10.730 17,686 Net incominB resources available 749,470 2,587,522 Charitable activities Chaiitable donations and support costs 349,834 246,924 Governance costs 14,214 5,499 Totsl resources expended 374.778 270,109 Net Incoming resources 385,422 2,335,099 Other recognised Bains and105ses Gains on investment a55ets 157.llz 5,782 Net movement In funds 542,534 2,340,881 Fund balances at 6 April 2023 2.340.881 Fund balances at 5 April 2024 2,883.415 2,340,881
Docusign Envelope ID.. F365A724-563E44E1-B164-B45099FC89FO RICK MATHER DAVID SCRASE FOUNDATION SUMMARY INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5APRIL 20Z4 2024 2023 Gross income Gain on disposal of investment a55ets held by income fund5 760,200 20.979 2,605,208 19,775 Total income 781,179 2,624,983 Total expenditure from income funds 374.778 270,109 Net Income for the year 406.401 2,354,874 STATEMENT OF RECOGNISED GAINSAND LOSSES Net income for the year Unrealised gains on investment assets held by income funds 406.401 136,133 2,354,874 113,9931 542,534 2,340.881
Docusign Envelope ID.. F365A724-563E44E1-B164-B45099FC89FO RICK MATHER DAVID SCRASE FOUNDATION BALANCE SHE AS AT5 APRIL 2024 2024 2023 Notes Current assets Debtors 9,299 2,065.716 270,666 Investments Cash at bank and in hand 2,742,837 153.778 2.896.615 2,345,681 Credltors: amounts falllng due wlthln one year io 113,21)01 14,8001 Total assets less current liabilities 2,883,415 2.340.881 Income funds Unrestricted funds Unrestricted income funds Revaluation reserve 2,761,275 122.140 2,354,874 113,9931 2.883.415 2,340,881 2,883,415 2,340,881 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 5 April 2024. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these account5. The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, intluding its income and expenditure, for the fin3ntial year in atcordance with the requirements of sections 394 and 395 and which otherwise comply with the requirement5 of the Companies Act 2006 relating to account5, $0 far as applicable to the company. These accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Docusign Envelope ID.. F365A724-563E44E1-B164-B45099FC89FO RICK MATHER DAVID SCRASE FOUNDATION BALANCE SHEET (CONTINUED} AS AT5 APRIL 2024 L5/1/2025 The accounts were approved by the Board on . DooSaby.' Mr H A Wi150n Trustee Company Registration No.
Docusign Envelope ID.. F365A724-563E44E1-B164-B45099FC89FO RICK MATHER DAVID SCRASE FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5APRIL 20Z4 A¢countlng pollcles 1.1 Basis of preparation The accounts have been prepared under the historical cost convention modified to include the revaluation of certain fixed assets. The accounts have been prepared in accordance with applicable accounting standards. the Statement of Recommended Practice, 'Accounting 2nd Reporting by Charities" issued in March 2005 and the Companies Act 2006. 1.2 Incoming resources All intoming resources are included in the Statement of Financial A¢tiVTties ISOFAI when the Ch3rity is leg311y entitled to the income, the amount can be measured reliably and it is probable that the income will be received. Incoming resources represents income receivable in the period, comprises of mainly donations, along with other income arising from Investment. Donations and legacy income is recogni5ed where there is entitlement, receipt is probable and the amount can be measured with sufficient reliability. Income from the provision of charitable services and government and other Erants is recognised at fair value when the Charity has, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. 1.3 Resources expended All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or construrtive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Grant maklng When making, the Trustees will have due tonsider3tion to their grant-making polity to ensure that 3ny grant5 they make are used towards charitable activitie5 and in furtherance of the Charity's object5. The Foundation will make grants to charitable cause5 that match the interests of the late Rick Mather and the late David Scrase. Applications will only be accepted by invitation of the trustees. Support cost allocation Support ¢05ts are those that asslst the work of the Charity but do not dirertly represent charitable activities and include office costs and governance costs. They are incurred directly in 51hPPOrt ot expendituie on the objects of the Charity. 1.4 Investments Current asset investments are shown in the balance sheet at market value. Realised profit or losses on sales of investments and the difference between cost and market value of investments are shown on the statement of financial activities for the year.
Docusign Envelope ID.. F365A724-563E44E1-B164-B45099FC89FO RICK MATHER DAVID SCRASE FOUNDATION NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 5APRIL 20Z4 Accounting policies (Continued) 1.5 Trustee Conflicts of Interest The Charity is governed by the trustees who are under a duty lo act in the best interests of the Charity. In particular. they must not place themselves in a position where they have. or may have, a direct or indirect interest that conflicts with their duties as trustee and must not profit from their position as trustee. Donations and legacies 2024 2023 Donations and gifts 727.659 2,588,240 Investment Income 2024 2023 Dividend income from listed investments Interest receivable from bank and investments 18,129 14.412 807 16,161 32,541 16,968 10-
Docusign Envelope ID.. F365A724-563E44E1-B164-B45099FC89FO RICK MATHER DAVID SCRASE FOUNDATION NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 5APRIL 20Z4 Total resour¢es expended Other Grant funding Totsl 2024 Total 2023 costs Costs of generating funds Investment management costs 10.730 10,730 17,686 Charltable actlvltles Charitable donations and su Grant funding of activities Support costs ort costs 344,368 344,368 5,466 242.000 4,924 5,466 Total 5.466 344.368 349.834 246,924 Governance costs 14.214 14,214 5,499 30,410 344,368 374,778 270,109 Governance costs include5 payments to the accountants of £3,600 for independent examination fees. Grants payable Total 2024 Total 2023 Grants to institutions.. MICA 85.310 50.000 39.000 30,000 26,696 113.362 University of OxFord Garden Museum Great Dixter Samuel Courtauld Trust Other 344,368 242,000 Support costs 2024 2023 IT and website tosts 5.466 4,924 5,466 4.924
Docusign Envelope ID.. F365A724-563E44E1-B164-B45099FC89FO RICK MATHER DAVID SCRASE FOUNDATION NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 5APRIL 20Z4 Trustees None of the trustees lor any persons connected with them) received any remuneration during the year. Employees There were no employee5 during the year. Debtors 2024 2023 Prepayments and accrued income 9,299 10 Credltors: amounts falllng due wlthln one year 2024 2023 Accruals 13,200 4,800 12-