C)ATE SEEIX I RECD: 17 JAN 20?3 AEPLY R A and V B Reekle Trust Unaudited Annual Report and Flnandal Statements Year Ended S April 2022 Charlty No: 274388
RAAND V B REEKIE TRUST Report and Financial Statements for the year ended 5 Aprll 2022 Contents Page: Report of the Trustees Independent Examiners Re Statement of Flnandal Actlvftles Balance Sheet 9-13 Notes to the Flnancial Stateynents Tru5tee5 Alrs Virginia Bridget Reekie Robert Andrew Reekie Jonathan Alistair James Reekle Prlnclpal Offlce R A and V B Reekie Trust. Clo BDO LLP. Two Snowhill, Birmingham, B4 6GA Atcountants BDO LLP, Ty Snowhill, Bimiingham, 84 6GA Independent Examlner S Hale, Perrys Accountants Limited, Chartered Accountants, Churchdovffl Chambers, Bortyke. Tonbridge, Kent, TN9 INR Investment Managers Evelyn Partner5, 14th Floor, 103 Colmore Row. Birmingham, B3 3AJ Bankers Lloyd5 TSB plc. P O Box 44. 125 Colmore Row, Bimjingham. 83 3AD Sollcltors Shakespeare Martineau LLP. 1 Colmore Square, Blmilngham, B4 6AA
R A AND V B REEKIE TRUST Report of the Trustees fly the year ended 5 April 2022 The Tru5tee5 present their Annual Report covertng the Trust's actiwtie5 for the year ended 5 April 2022. Legal and administrative Information set t on page 1 form5 Part of thi5 report. Hlstory, ob3ectfves and act1vltles of the Trust The Trust wa5 established Lmder a Deed of Trust dated 18 July 1977. The objects are sumrnarlsed as being to aF¢)ly both Income and capltal for or towards suth tharitable purposes and to make suth donation5 to such charitable Institutions as the Tru5tee5 may Tn theTf dTscretion thlnk fit with no defined beneficial area. Structure. governance and management The names of the Trustees who have acted during the year are set out on page 1. The Trustees meet infoTmally throughout the year to formulate and plan their grant.making policies and activities and once a year to consider and approve the previou5 year'5 accouFrts to fcfmulate an overall pian for the cfmning year. Objectlves and actlvltles The objectlves of the Trust are to support from the Income of the Trust by way of grants, charitable institution5 and objective5 at the Trustees. discretlon. The Trustees have identified an interest in locally- based IWfltshire} charltles as weil as their continuing interest Tn certain national and internatial tharities and some grants to these are made on a regular basis. Unsolicited applications recelved for grants are therefore very unlikely> however, the TNst has an unspent general fund of £48,410 at 5 April 2022. The donations and sub5CriPtions made enable the charitie5 to meet their objeciives and to provide benefit to the public. The Trustee5 have confimied that they haye referred to the guidance in the Charity Commi55ion'5 general yuidance on public benefit when reviewing the Trusts aims and objectives and in planning future activitie5 and settfng the grant making p(Aicy for the year. Achlevements and Performan of the Trust During the year charftable grants were made to 40 separate charltles totalling £29,850. The largest grants made were: B1 IT International Girl Guides Beaconfield Campsite Examination of the schedule of chatable grants on page 10 and 11 will show that the Trustees have fulfilled the objective5 of the Trust durlng thls financial year by maklng grants substantially to locally- based (Wiltshirel charities as weil as national and intemational charities.
R A AND V B REEKIE TRUST Report of the Trustees f(r the year ended 5 April 20Z2 {contlnued) Flnanclal revlew, Investment p)Ilcy and reserves The financial 5taternent5 ci)nsist of a statement of financial artivities and balance sheet. There have not been any significant changes in the Trust's activitie5 or the manner in which these activities have been carried out. The financial statements haye been prepared in accoréance the Rules of the Charily and Charity CLvnmi55ion Guideline5. The investment income for the year wa5 E36.261 which was an increase of £2,647. Grants received for the year totalled £5,CIYJ. Thls Includes cash of £5,O¢XI frnm the George Cadbury Fund 8 Account. Administration expen5e5 for the year were £8.144. Increase of £1,225. At 5 April 2022 the unspent income general fund at Lloyds TSB Bank and Evelyn Partners was £48,411. Under the Deed of Trust the Tnjstees are anpowered to retain any investments for as long as they in their absolute discretion think fit and notthStanding that by reason of such retentTon the investments are Th)t sufficiently diversllied. The Trustees are also empowered to use the investments in the Same manner as income and there 15 therefore no fixed endowment fund and no re5trTCted investments. The Investment pollcy statement sets fAJt as the investment objective that the TnJstee5 intend that the real value of their assets be maintained and enhanced over the long terni by investment in a portfolio comprlsed of equities, fixd income stocks and cash. In order to meet these objectives the Trustees have appointed Evelyn Partner5 as their agent to advise on their portfolio and manage that part of the portfolio which is not invested with a Common Investment Fund. A balanced investment objeciive th medium risk has been selected. TWI a year report5 and valuations are received frThm the Tnjst's investment advisor including reports direct from the investments in Common Investment Fund5. Investment manager's report At dose of busine55 on 5 April 2022. the InVestMt fund was Yalued at £1,188,200. During the preceding 12 month pet1od, the overall value of the investments has increased by £84,274. There were six sales an¢J slx purchases of Itwestments ¢kJring the year. Kcordance wth the Trustees. Instruction, the level of the estimated gr055 income for 2022123 is £37,000 General unrestrlcted funds It is the policy of the Trustee5, having regard to the specified designated fund referred to below, to maintaln the general unrestricted funds. which are the unspent general fund of the tharityj at a level which equates to approximately 10 months expenditure on grants and management and adwninTStration. Such funds may be held in order to flnance both worklng capital and capltal investment in furtherance of the objectives of the charity. The unspent general fund at 5 April 2022 repre5ent5 approximately 12 mor)th5 expenditure.
R A AND V B REEKIE TRUST Rei)wt of the Trustees for the year ended 5 April 2022 (contlnued) Deslgnated funds Designated fund5 are afflounts that have been put aslde out of unrestricted funds at the discretion of the Trustees for particular purp05e5. The de5i8nation 15 for administrative puipose5 only and dijes not legally restrict the Trustees, dlscretlon to apply the funds. The Trustees have created the foll0Y4 designated fund5: Investment fund To provide the income necessary to malntaln the Trust's charitable artivities. the charity require5 a slgnlficant capital base and the Trustee5 have maintained an active investment policy in order to provTde a degree of stability and certainty in incrmne levels. In the circumstances the Tmstees have created a designated investment fund that represents the government stocks and other listed investments held In the charity'5 Tnve5tment portfolio. Future plans It Is inteThJed to Use the fund5 described above to contlnue the objettives of the Tnl. as eartier described, Indefinltely. Thls means that the Tru5lee5 will be looking to make charitable grants of arca E30.000 on annual basis. Risk management Having regard to the Trust's organisatlon and artivitie5, it is the view of the Trustees that the major risks to which the Trust may be exposed are largely flnanclal In nature. The Trustees revlew the major risk5 which the Trust faces on a regular basis and believe that maintaining free re5eTves at the levels Indlcared above, combined with the half-yearly report from the Tru5t'5 Investment advisor5 to monitor performance, will PrOde sufficient resources in the event of adverse condltlons. Tru5tee5' responslbllltles In relation to financlal statements The Trustees are responsible for preparing the Annual Report the financial Statements in accordance with applicable law and regulation5. Charity law requires the Trustees to prepare finanoal statements for each flnanclal year In accordance wtth United Kingdom Generally ACpted Accounting Practlce (United Kingdom Accounting Standards and applicable lawl. Under charity law the Tw5tees must not approve the finanaal statements unles5 they are satisfied that they glve a true and falr vlew of the state of affairs of the charity and of the incoming resources and applTolion of resources. including the incotne and xpendIture, of the charity for that period. In preparing these financial statements, the Tnjstees are required to: Select suitable accountlng policie5 and then apply them CL$75tentIy1 Make judgemLYJts and estimates that are reasonable and prudent. State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explalned in the financial Statements. Prepare the financlal statements on the golng concern basis unle55 it is inappropriate to presume that the tharity will continue in business.
R A AND V B REEKIE TRUST Report of the Trustees for the year ended 5 April 2022 (C¢tInued1 Trustees. respon51bllltles In relatlon to flnancial Statements (continued) The Ttustee5 are re5pK)nsible for keeping adequate accrmjnting records that are sufficient to show and explain the charitys transactions and disclose wtth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charitie5 Act 2011. They are also responble for safeguarding the a55ets of the tharity and hence for taking reasonable Steps for the prevpntion and detection of fraud and other irregularlties. Approved by the Tntstees and signed on their behalf by: VIRGIN REEE Trustee
Independent Examiner's Report to the Trustees of the R A and V B ReekleTrust I report on the finanaal statements of R A and V B Reekle Trust for the year ended 5 April 2022 which are set out on pages 7 to 13. This report is made solely to the Charits trustees, as a bthly? in accordance with Regulation 31 of the Charitie5 (Accounts and Reports) Regulation5 2Q08. My work has been undertaken so that I might state to the charity's trustees those matters l am required to state to them in an independent examinerfs ieport and for no other purpose. To the fullest extent pemiitted by law, I do not accept or a55ume responsibility to anyone other than the charItS trustees as a bodyp for my work. for this rewrt, or for the statement I have made. Respectfve re5ponslbllltles of trustees and examlner The charity's tNstees are responsible for the preparation of the accounts. The charfty's trustees consider that an audit is not required for this year under section 144121 of the Charities Att 2011 (the Charitles Artl and that an indepdent examination 15 needed. It is my responsibS1ity: to examine the accounts lundw section 145 of the Charitie5 Act)" to follow the procedures Laid down in the general DirectSons glyen by the Charity Commission (under 5ett7on 145I5llb) of the Charities Act}", and to state whether particular matters have come to my attention. Basls of independent examlnerfs report My examination wa5 carried out In accordan with the general Dlrections given by the Charity CLNllrni551. An examinatlon Indudes a reW of the accounting recor¢Js kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosure5 in the accounts, and seeking explanations from you as trustees conceming any 5uth matters. The prc(edures undertaken do not provide all the eviden that would be required in an audit and CcSeqL7t[Y no opinion 15 given as to whether the account5 present a true and fair and the report is limited to those matters set out in the statement below. Independent examlner's statement In connection with my WAaminatii)n. no matter has come to my attention: {1) which glves me reasonable cause to believe that in. any material respect, the requirements: to keep accounting record5 in accordance wlth sectlon 130 of the Charfties Art. and to ppare accounts whlch accord with the accounting records and comply with the accountlng requirements of the Charlties Act have not been met- or (21 to which. in my opinion. attention sh(yJld be drawn in order to enable a pioper understanding of the accounts to be reached. Steve Hale 24.1.23 Steve Hale FCA, FCCA For and on behalf of Perrys Accountants Ltd Chartered Acccrtjntants Churchdown Chambers Bordyke Tonbridge Kent TN9 1NR
R A AND V B REEKIE TRUST Statement of Flnanclal Actlvltles for the year ended 5 April 2022 Unrestrlcted Fund 2022 Unre5trlcted Fund 2021 Note Income from InYestment5 Grants from other charitable trusts 36,261 5.000 33.614 Total 41.261 38.614 Expendlture on Raising fund5 Investment managernent Costs Charitable activities Activities undertaken Grant expenditure Goyemance costs 4.001 3.292 29,850 4.143 38,107 3,627 33,993 41,734 Total 37,994 45,026 Net (expendlture)Ancome beforè Investment {losses>lGains 3.267 (6,412) Galns and losses on Investments Realised gainslllossesl on investment assets UNeali5ed gain51llosse5) on investment a55et5 5 4,978 83.264 4,119 231.544 Net Incomel(expendlture) 91,509 229,251 Reconciliatlon of fund5 Fund balance5 brought foTward at 6 April 2021 1.145.103 915.852 Fund balan$ carried ft*rward at 6 April 20ZZ 1,236.612 1.145.103 Approved by the Trustees and signed on their behalf by: VIRGINIA REE Trustee IE
R A AND V B REEKIE TRUST Balance Sheet a5 at 5 April 2022 Note 2022 2021 Flxed Assets Inve5tment5 1.188,200 1.103.926 Current Ats Bank balances and deptssits 53,500 53,500 45,949 45,949 Current Llabllltles Creditors:amounts falling due wfthin e year 5.089 4,772 Net current assets 48,411 41,177 Totsl net assets 1.236,611 1.145.103 Funds Unrestricted 1.236,611 1.145,103 Appmved by the TnE5tee5 and signed on their behalf by.. VIRGINIA Trustee The notes on pages 9 to 13 form part of these financial statement5.
RA AND V B REEKIE TRUST Notes to the flnandal statements for the year ended 5 Aprll 2022 AcCOuPING POLICIE5 Basls of Preparation The FTnancial statements have been prepared under the historical cost convention, as modified by the revaluation of freehold properties and investments. The ftnancial statements are prepared In accordance wth Accolmting and Reporting Charities: Statement of Recommended Practice applicable to charitles preparfng thelr accounts In accordance wlth the Financial Reporting Standard applicable in the UK IFRS 1021. Reconclllatlon wlth the prevlous generally accepted acciiuntlng practl In preparing the accounts, the Trustees have considered whether in applwng the accolmting polides required by FRS 102 and the Charftles SORP FRS102, the relnstatement of ccAnparatiYe5 was required. Fund accountlng The charfty maintalns various types of fund5 as follow5: Unrestrlcted funds General unrestricted funds represent unrestricted income. wh?ch is expendable at the discretion of the Tru5tee5 in the furtherance of the objects of the charlty. Such fund5 may be held in order to finance both working capital and capital investment. Designated funds are amounts which have been put aside out of unrestricted funds as follows: InVestnt fund- to provide the income necessary to maintain the Trust's tharitable activitie5. the charlty requires a significant capital base and the Trustees have maintained an active investment policy in order to provide a degree of stability and certainty in income levels. In the circL¥nstances the Trustees have created a designated investment fund that represents listed investment5 held in the charity's investment ptfoLIo. Incomlng resources All income 15 recognlsed In the statewnent of financtal actTvities when the conditions for rlpt have been met and there is reasonable assurance of receipt. Where a claiwn for repayfftent of income tax has or will be made, such income is gr05sed w for the tax recoverable. Grants Grants made by the Trust are charged against income in the year in which tlw are made. Charltable expenditure, fundra15in& management and admlnlstration costs Charitable expenditure comprises eXpditUre relatlng to the object5 Of the charity. Cost5 are allocated between charitable expenditure. fundraising and administration on the basis of expenditure in support of charitable objects, fundraising or administration and management. The tharity doe5 not incur fundraising or publToty expenses.
R AAND V B REEiaE TRUST Notes to the flnancial statements for the year endèd 5 April 2022 1. AccouKllNG POLiaES {contlnued) Investménts Llsted IntMentS are stated at closing middle mat*el prlce immediately prlor to the end the financlal year. All movements in value are shown In the Statement of financlal activltles. Income from Ilsted inYe5tments Is recogntsed as Income as received together wlth any 8551xiated recoverable Income tax or tax credit. Reallsed and unreallsed 8alns and 105ses are shown separately in the approprfate section of the statement of fTnancial activities. Jud8emerts in applying accountlng pollcles and kèy sour¢es of e5tfmatlon uncertainty In preparing these flnanclal statements, the Trust are required to make Judgements, estlmates and assumptlons about the carrylng amounts of assets and liabilities that are not readily apparent from other 50urce5. The e5timate5 and associated assumptions are basÈd on the historical experience and factor5 that are consldered to be relevant. kt4bal results may differ from those ésttmates and underlying assumptk)n5 and continually reviewed. There are no key sour5 of estimation uncertalnty that the Tntstees have made In the proce55 of applying the accountlng tx>llcles. 2. INVEsfMEMT INCOME 2022 2021 tlividends 36.261 33,614 3. GRANTS Almelda atre Ashmolean hlu5eum Britten Pears Arts Build iT Intemational Centre Point Cr1515 UK East Anglla Ambulance Trust Felsted ScFK)ol Mi551QJI Freed From Torture Friends of Tate Gallery Girl Guides Beaconfleld Campsite Harixjur Pro]t Health Prom Lamb Hèalth 350 2(X> 5LX) 650 Carried FoNRrds 14.6C 10
R AAND V B REEKIE TRUST Notes to the flnanclal statements for thè yÈar Èndèd 5 Aprll 2022 3. GRANTS ICONTINUED) Brought Forwards 14,6C Longborough Festlyal Opera Medlcal Ald For Palestinians Memory Alfred Merchants HrAJse Imariborwghl Trust Ilr¢hants House Trust National Theatre Norfolk Wildlife Trust Oxford Lieder Practical Action Royal Academy of Music Royal Society of Medicine Selty Oak Nursery Sdwol Shrew5bury Ark Shrewsubry Food Hub St Marys Church Oryah Appeal St Peters and St Pauls Marlb)rough Trust The Artangel Trust The TnL55ell Trust Theatre Royal Bath Unhcr Unhcr Afghanlstan Valarie Taylor Wetsh National Opera Wilts Community Fcmjndatlon Wilts Wildlife Trust Woodbrooke aker Study Centre 11X) 2C 5CQ 5CIJ 3Q) 1(Kl 750 1C(I IL 7(X) 5CbJ 29.850 Details of grants paid In the correspondin8 perTcJ are available on requèst from the registered address of the charity. 11
R A AND V B REEKIE TRUST Notss to th• financlal statements for the year ended 5 April 2022 4. GOVERNANCE COSTS Included thin exrenditure on d)arltable actlvitles are the following co5". 2022 2021 Irmlependent examiner'5 fee Accountancy 545 3.598 4.143 2,959 3,627 No Trustee recefved any remuneratlon or beneflts from the charity during the year 12021 £n711 nor any expenses12021 £nlll. There are no empLoyees12021 - tY)nel. 5. INVE¥fMEi¥rs 2022 2021 oted Investments: Market Val as at 6 Aprtl 2021 Additions sposals Realised sainslllosses) Net unrea115ed Investsnent 8alns/llossesl 1.097.017 107.689 1119.3611 4.978 83,264 832,105 68,835 139,587) 4.119 231,544 Market value 5 Aprll 2ff22 Uninvested cash capital 1,173.586 14.614 1.097,017 6.910 1, 188,200 1,103.926 Historlcal cost as at 5 April 2022 943,299 949,993 6. CREDITORS 2022 2021 Investment vnanager's fee Accountancy Independènt É%xamlner's fee [ationS 1.017 3.527 545 912 3.115 545 5.089 12
R A AND V B REEKIE TRUST Nrtes to the financlal statements for the year end•d 5 Aprll 2022 7. STATEMENT OF MOVEMENT5 ON UNRESTRICTED FUNDS Balance 6 April 2021 Expendlture gains and Balance 5 April 2022 Income Transfèrs Investment fuTh General fund Total unrestrlcted funds 1,103,9Z6 41,177 1.145,103 84,274 134,0271 50,247 1, 188,200 48.410 1.236.611 41.261 41,261 8. TAXATION The R A And V B Reekle Trust ts a registered charity and. as such, Is exew from tax on Inctrfne and gain5 falling wtthin Sectl¢)n 505 ICTA88 or se¢th 256 TCGA92 to extent that they a applled to Its charitalAe objective5. 9. RELATED PARTY ThANSAcfioN There have been no transacrlons wlth pers($ or entlttes that are closely cmnected to the charlty or Its trustees12021 none). 13