R A and V B Reekie Trust Unaudited knrsual Rewt and Flnandal Stateme¥)ts Year Ended 5 April 2025 Chartty No: 274388
R A AND V B REEKIE TRUST Report and Flnanclal Statements for the year ended 5 Awll 2025 Contents ReFQrt of the Trustees l•ndent Examiners Report Statement of Ffnancial ActiYTtie5 8aiance Sheet 9.13 Note5 to the FIral Statements Trust Mr5 Virginia Bridget Reekie Robert Andrew Reekle Jonathan Allsialr James Reekle Niccla Alison Louise McKittr5ck Prfndpal Offlcè R A and V B Reekie Trust, Clo BDO LLP, Two Snowhill. Bim]Ingham. B4 6GA Accountants BDO LLP, Two Snowhill, Bimiingham, B4 6GA Independent ExaTnlner Perry5 Audit Limited. Churchdown Chambers, Bordyke, Tonbrtdie. Kent. TN9 1NR Investment Managers Eyelyn Partners. 14th Floor, 103 Coimore Row, Blrmlngham, B3 3AJ Bankers Lloyds TSB pK P O Box 44, 125 Colmore Row, Blrmlngham. B3 3AD Solldtors 'Shakespeare Martineau LLP, I CoLrnore Square. rmingham, 84 6AA
R A AND V B REEKIE TRUST Report af theTNstees for the year ended 3 Awll 2025 The Trustees present thdr Annual Report covedng the TNst's actlvltles for the year ended 5 Awfl 2025. Legal and administrative infiymatlon set out on page 1 foms part of this report. Hlstory, obJectlve5 and 4th"yitio of the Trust The Trust was established Lmder a Deed of Trust dated 18 July 1977. The objecls are summarfsed as belng to apply both Income and capltal for or towards such chadtable purposes aTKI to make such dunation5 to 5uth charbtable institutlons as the Trustees may in thelr dlscretlon thlnk fit with no deflned beneflc1al aa. Struciurej qovemance and management The names of the Trustees who have acted dumng the year are set out on page 1. The frustees meel infomlally throughout the year to formuLate and plan thelr gramt-making policies and artivltles and once a year to consider and approve the previous year's accounts and to ffxtnulate an overall plan for the comln8 year. ObJectlve5 and a¢tlvltfes The objectlyes of the Trust are to support froTTTr the Inccme of the TTU5t by way of grants, charitable in5titutlons and ¢)bJeclfves at the Truste. discretfon. The TNstees have Id¢tIfied an Interest In locallbaSed Iwlltshlrel charities a5 well as their contlnuing Interest In certaln national and intemational charities and some grants to these are made on a regular basls. Un30iiclted application5 reIved for Erants are therefore very unlikely* however, the TrLLSt ha5 an unspent income general fund of £71.715 at 5 April 2025. The donatlorts and 5Lbscrtption5 made enable the charltles to meet thelr obj££tive5 arKI to proylde benefit to the public. The Trustee5 have confirned that they have referred to the gufdance In the Charity Commission's general guidan on public benefit when reviewing the Trust's aims atKJ obJectlve5 and In plannlng future actlvities and setting the grant makin% polTCy for the year. Achlevements and performance of the Trnst During the year charitable grants were made to 37 sepate tharitie5 totallin£ £33.21XJ. The lar4e5t grant5 made werw. Girl &Jide5 BeaconfieLd Carnpslte Norfolk Wlldllfe Trust s,(70 E%amlnatlon of the schedule of charitable grants on pale 10 and 11 wlll show that the Trustees have fulfilld the objÈctives of the Trust durlng thls flnanclal year by maklng grants substsntSally to locally-based Iwlltshlrel charities as well &% national international charitles.
R A AND V B REEKIE TRUST Repcrt of th• Tru5te•s for the year ended 5 Aprtl 2025 (contlnued) Finand41 revlew, investment wllcy and reserves The finandal statements consist of a StateMt of finanthal acLTWftles and balare sheet. There have 0t been ary stgnlflcant changes In the Trust's activities or the manrrer in which these actlvitles have been carried out. The ff nandal statanents have been prepared In accordan with the Rules of the Charlty and Charlty Comm15$1on GuldEllnes. The investmefit Income for the year was £44.327 which was an i[ase of £254. Grant5 reoived for the year totalled £5,000. Thls Include5 cash of £5,OIX from the GeIe Cadbury Fd B Accwnt. AdminisiratTon expenses for the year were £9,504, an decrease of £1,423. At 5 Aprtl 2025 the urwt income general fund al Lloyds TSB Bank and Evelyn Partners was £71,715. Under the Deèj of Trust the Tnjstees are empow¢Yed to retain any Investtnents for a5 LO as t In thelr absolute discretlon think fit and notwithstanding that by rea50n of such retentlon the Investments are not sufflclently dfverslfled. The Tnjstees are a150 ernpowered to use the investMts in the Same fflanner as Income and there is thereth no f7xed endowment furKI and no restr1cted Inyestments. The inve5tfflent policy statement sets out as the Investment objective that the Trustees Intend that the real value of thelr assets be malntalned and enhanced cver the long term by investment In a portfollo comprised of eqirrities, fixed income stocks and cash. In order to meet these objertive5 the Trustees have appofnted Evelyn Partners as thefr awt to athise N their portfolits and manage that part of the porlfolio which is not Invested a Comrnon Inve5trnent Fund. A balanced Investment objectlve wlth medium risk has been selected. Twlce a year report5 and valuatlons are received fri)m the Tru5t'5 investment advisor Inc]ng reForts direct from the investments in Common Investment Funds. Invertment manager's report At close of buslness LN15 Aprtl 20Z5, the investment ftmd was valued at £1.1ZO.811. Durfng the precedlng 12 month periiA. the overdll value of the investments has decreased by £31.588. There were tlwee sales and ffve purchases of Investments durlng the year. In accordance wlth the Trustees instruction, the Ivoei of the *lmated Sross income for 2024125 ts 144,COO. General unrestrirted funds It 1$ the pollcy of the Trustees, havlnq regard to the spethfTed ée5ignated fund referred to beLtsw, tts malntaln the general reStricted funds, which are the unspent gen¢Yal fund of the charity, at a level whlch equate5 to aPpr0matelY 10 months expendlture on grts and management and admlnistratlon. &xh fund5 may be held In order to finarKe bvth working capital and capitsl InYe5tment In fUrtherar of the objectives of rharity. The unspent gwEral fund at 5 Aprtl 2015 represents approxlmateLy 17 months expendlture.
R A AND V B REEKIE TRUST Report of the Trustses for the year ended 5 Aprfl 20251contlnued) Destgnated lunds (>eslgnated fund5 are amjt5 that have been put aslde out of unrestrlcted fund5 at the discretion of the Trustees for partlcular purposes. The designation Is for admfntstrative purEws only and does noi iegalty re5trlct thE Tru5tee5' d15cretton to apply the fd5. The TnJstee5 have created the followinq destgnated funds: Investment fuTYI To provlde the Income nece55ary to malntaln the Trn$t's charitable acLfvities, the charfty requlres a slgnlflcant capital b&e and the Trustees have malntalned an acLfve Investment pollcy in order to provlde a degree of 5tablllly and certaTnty In ?nccrfne levels. In the circumstances the Trustees have created a deslgnated investment fund that repSents the government stock5 and other Ilsted Inyestments held in the chatlty's Investment portfolio. Futyre plan5 It Is Intended to use the fund5 de5crtbed above to continue the objectives of the Trust, as earlier described, indeflnltely. Thls means that the TNstees wlll be looklng to rnake charitable grants of circa £30.OQQ on an annual basis. Rlsk management Hawn4 regard to the Trust's organisation and actlvlties, It 15 the view of the Trustees that the major risks to whlch the Twst may be exposed are Largely flnanclal in nature. The Trustee5 rewew the malor r5sks whlch the Tru51 faces on a regular basls and believe that maintalnlftg free re5erve5 at the leve15 indicated above. combined with the half-yearly report fr(Kn the TnLgt's Investment advlsors to monltor performance, will PrOde SLrfficient resources In the evtY)t of adverse conditions. Trustees. responslbllltles In relatlon to financlal staternents The Trustee5 are responslble for preparing the Anrnjal Report and the fInal statements In accordance wtih appllcable law 4fKI regutalions. Charity Law reqLrires the Trustees to prepare finandai statements for each flnanclèl year in accordance wlth UnTted Kingdom Generally Ap£ed Accountln8 Prattlce Iunlted Klng¢*Jm Accounting StatKlard5 artd applirable Lawl. Under charity law the Trustees must not wprove the financial statements unless they are sat15fied that thty ¢lve a true and fair view of the state of affalrs of the charfty and of the inc(¥ning resourths and appli£atlon of resources, incl[{8 the Income and expendlture, of the charity for that period. In preparing tlrese flnancial statements, the Trustees are requlred t(y. Select suitable accountlng poliae5 and then apply them conslstently Make Judgements estimates that are reasonabLe and pr(Jdent: stste whether appllcable UK Accountlng Standards have been followed, subject to any rnaterfal departures dlsclosed and explained In the flnandal statements- Prepare ihe finandal statements on the going conwn basls unless It 15 inappropriate to presume that the tharlty wll ctinUe kn buslness.
R A AND V B REEKIE TRUST Report of the Trustee5 for the year ended 5 Aprll 2025 Icontlnwl) Trustees. responslbllltles In relatlon to linaTTrcial statements (contlnued) T Tnjstees are re5porGible for keeping adeqLOte accountlng records that are 5uffldent to show and explaln the tharity5 tratsattions and diSdr wlth rèasonable accuracy at any time the flnancial pc6ltiC of the charity artd enable them to ensure that the flnancfal statements cornply wfth the Charitle5 Act 2011. They are also re5pon5ible for SafardIng the assets of the tharity alld hen for taking rea50nable steps for the prevention and detectlon of fraud and other irregularltles. Approved by the Ttee5 arKt signed cfj th&r behalf by: Vlr8lnla Trustee ekle 31 st October 2025
Independent Examiner's Report to the Trustee5 of the R A and V B Reékle Tnjst I rem on the flnancial 5tatement5 of R A and V B Reekl& Trust for the year ended 5 Aprll 2025 vthich are set out on pales 7 to 13. Th15 report is made solely to the charSW5 trlee5. a kdy, In accordance wlth Regulation 31 of the Charftles (Accwnts and Reports) Regulations 2008. My work ha$ been undertaken 50 that I mlght state to the Charit$ trustees those matters l am requlred to state to them In an Independent examinerfs repjrt and for no other purpose. To ttte fuliesl extent permltted by Law. I do not accept OT assume re5PCffl5iblllty to anyone other than the tharfws trustees as a bodyj for my worf£. for this report. or for the ststement I have made. Re5P¢rtive respSIbIlItIeS of twstees and examlnor The charfty's trustee5 are responslble for the preparatlon cf the accthjnts. The chartty's trustees consider that an audit is not requlrtd for thls year under 5ectTon 144{21 of the Charftles Act 2011 Ilhe Charftle5 Artl and that aN independent examination is needed. It is ffly re5p)nsibility: to examlne the accounts (under sertlon 145 of the Charftles Act): to follow the procedure5 laid down the general Dtrectlon5 given by the Charity Commlsslon lunder sectlon 14515)Ibl of the Charltie5 Acil; and to state whéther particular matters have come to ffly attention. Basls of independent examlner's report My examlnatlon was carrtÈd out in accordance vrith the general Dirertlons given by the Chartty Commlssion. examlnatlon Indudes a revlew of the accountln£ records kept by the charlty and a comparfson of the accounts presented with Ih05e records. It also inclLth5 con51der?tlon of any unual items or disclowres In the aCct5, nd seeking explanatlons Irom you as trust&s cCdmill1 any suth matters. The prKedure5 undertaken do not provide all the evldence that would be required in an audit and consequently no oplnlon Is glven as to whether the account5 present a Irue and falr VI and the report Is limited to those matters set out in the statement below. Independent examlner's statement In Connectlor wlth my examlnatlon, no matter has cthne to my attentlon: 111 whlch glYe5 me reasonabl8 cause to believe that In, any materfal respect, the requirements: to keep accountlng records In accordance wlth sectlon 130 of the CharilTes Att; and to prepare accounts which accord th the accounting record5 and CLYnply with the accolmting requlrements of the Charttles Act have not been met" or 121 to which, In my oplnlcffl. aitentlon should be drawn In order to enable a prcyer understandlng of the accc4tnts to be reached. S Halo Steve Hale FCA,FCCA. on behalf of Perrys Audlt Llmlt Churchdohyn Chambers Bordyke Tonbr5dge Kent TN9 1NR Date: 31 st October 2025
R A AND V B REEKIE TRUST Statement of Flnandal Actlvltles for the year ended 5 Awll 2025 Unrestrlcted Fund 2025 Unrestrtcted Fd 2024 Note5 Income from Irwestments Grants frryn other d)aritable trusts 44,3Z7 44.073 3,000 Total 49,327 47,073 Expendlture on Raislng fun Inve5trnent management CQ5t5 Charftable xtlvltfe5 Activities undertèken Grant expendlture Govemance c05ts 4,032 3.771 33.200 ,472 32,250 7,156 38.672 39.406 Total 42,704 43,171 Net Incorne beforè Investment 8ain51llossesl 6,623 3,896 Galns and losses on Invèstmènts Realised gains on Investment a55ets Unrealised (losse5llgains ¢Jn investment a5set$ 12,367 141.4611 11.480 36,057 Net incornpllexpenditure) (2L4711 51.433 Recanclllatlon of fund5 Fund balances broughl forward at 6 Aprfl 2024 1,214.997 1,163,564 Fund balanees carrlèd forward at S Aprtl 2025 1,192.526 1,214,997 Approved by thèTrurtees and SIgn on their behalf by: Vlrglnia Ree Tnjst 31st October 2025 The notes on pages 9 to 13 form part of these flnandal statemerts.
RAAND V B REEKIE TRUST Balance Sheet as at 5 Aprll 2025 Notes 1025 Z024 Flxed A55ets Investments 1.120.811 1.152,399 Current A55ets Bank balances and deposlts 77.841 Current Llabflltles ClIors. amounts fallln8 due wlthln Le year 16.127 15,750) Net current assets 71,715 62,598 Total net assets 1,192,526 1,214,997 Funds UnreslrKted Funds 1.192.526 1.224.997 Approved by the Trustees and signed on their behalf by. V5r8lnla Trustee le 31 st October 2025 The notes on pages 9 to 13 fDm) part of these flnancial statements.
R A AND V B REEKIE TRUST Notes to the financial statements for the year ended 5 Akyll 20Z5 1 ACCOUMTING POLiaES Basls of Preparatk)n The Ffnandal Statements have been prepared ¢JTKler the hlstorlcal cost convention, as rncJlfled by the revaluatlon of fre&Sold properties and investments. The firhincial 5taiements are prepared In accordance th Accowting and Réportinq Charities: Statement of Rec(ynMwd Practlce appllcable ¢0 charitles preparfng their accounts in accordarte wth the Ffnandal Reportlng Standard applicable In the UK IFRS 102). RecMclMatlon with the prevlous generally acceptad accoundng practlce In preparing t accounts. the Trustees have considered whether in applying the accouNtlng wlldes requlred by FRS 102 and the Charities SORP FRS102. the reinstatement of cornparatfves wa5 required. As a result. no restatement wa5 requlred. Fund accounting The charity maintains vJrfoLE types of funds as follow5: UnrestrErted funds General unrestricted funds represent unfftrtrfcted Income, which 15 expendable at the di5cretlon Df the Trust in the furtherarkce of the cblects of the charity. Such funds may be held In order to fIn•t both worklng capital and capital 1nvesima)L Deslynatrd funds are amounts which have been put aside out of unrestricttd funds as follows: Investment - to provlle the Inclne necessary to malntain the Trust's charitable actmtles. the charlty requires a significant capital base and the Trustees have malntained an active Tnvestment policy Tn order to provide a degree of stability and rtaiNlY in income levels. In the circumstances the Tnjstees have creat desi%nated Investment fund that represents Ilsted investrnts held ift the charity's Investment portfollo. Incomlng resources Ail income15 recognised In the statement of flnandal actiYlt1es when the conditions for recefpt have been met and there Is reasonable assurance of recept. Where a claim for repayment cf Income tax has or will be made. Such Inc¢)me is grossed LV for the tax recoyerable. Grnnts Grants made by the Tnjst are thirged against income In the year In wich th are Made. Charitsble expenditure, fundrnlslnytr management and admln15tratlon costs Charltable expendlture comprfses expendTture relating to the jerts of the chadty. C05ts are allocated between charitable expen0)tu, fundraIni and admlnlstration on the basls of expendlturè in suprort of chadtable objects, fundralsins or administration and management, The charfty doe5 not Incur fundraising or publlcity expenses.
R A AND V B REEKIE TRUST Notes to the flnandal statements for the year ended 5 Aprll 2025 1 ACCOUNTING POLICIES (contlnued) Investments Llsted Investments are stated at closlng mlddle market pdce Immedlately prfor to the end of the flnanclal year. All movements in value are Shown In the statement of financial actTVities. Income from listed Investments is recognised as Iome as received together with any associated recoverable Income tax or ts credit. Realised and unrealised gain5 and losse5 are shown separately In the approprfate sectlon of the statement of flnandal actlvltles. Judgement5 In applying accountlng polldes and key sources of estlmatlon uncertalnty In preparing these financial statements, the Trustees are required to make judgements, estimates and a55umptiOn5 about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on the histortcal experience and other factors that are considered to be relevant. Actual results may differ from those estlmates and underlySng assumptlons and continually reviewed. There are no key sources of estlmatlon uncertalnty that the TrLL8tees have made In the process of applying the accounting policies. 2 INVESTMENT INCOME 2025 2024 Dividends Interest on cash deposlts 44,178 149 43.779 294 44,327 44,073 3 GRANT5 Registered Charlty No. 2025 Action for River Kennet Almeida Theatre Artangel Trust Brltlsh Red Cross Build IT International Centre Polnt Clare College Community Foundation Wllts Feisted School Misslon 1120725 282167 292976 220949 1115989 292411 1137531 -1123126 310870 300 500 750 1.000 2,000 500 1.000 300 Carried forward 7,350 10
R A AND V B REEKIE TRUST Notes to the flnandal statements for the year ended 5 April 2025 3 GIiANTS ICONTINUEDI Reglstered Charity No. 2025 Brought fOard 7.350 Friend5 of Tate Gallery Girl Guide5 Beaconfield Campsite Health Prom Kingsbridge Wetland Trust Lamb Health Longborough Festival Opera Marlborough Literature Medical Aid For Palestinians The Merchant'5 House (Marlboroughl Trust Norfolk WildlTfe Trust Philhamionia Orchestra Practical Actlon Preshute Church Prospect Hospice Religious Sodety of Frlends Royal Society of Medicine Selly Oak Nursery School Shrewsbury Ark Shrewsbury Food Mub St Peters and St Pauls Marlborough Trust Sinfonia Smlth Square Society of Wood Engravers The Trussell Tt Valerie Taylor Warwickshire & Coventry Historic Churches Trust The Wigmore Hall Trust Wilt5 & Berks Canal Trust Wiltshire Historic Churches Trust 313021 1042773 1100459 UK 1101217 1087303 1149252 1045315 1010902 207238 250277 247257 1184256 280093 1127633 206219 528912 1163476 1171092 275557 1092461 UK 1110522 1122245 508352 1024838 299595 1075598 500 5,000 1.01)O 500 500 1.000 1,000 2,000 200 3.000 300 500 800 500 1,000 300 300 500 300 50 2,000 500 100 500 300 200 33,200 Details of grants paid In the corresponding perfod are avallable on reqSt from the registered address of the charity. 11
R A AND V B REEKIE TRUST Note5 to the flnandal statement5 for the year ended 5 April 2025 4 GOVERNANCE COSTS Included wlthln expendlture on charftable actfvitles are the followlng costs:. 2025 2024 Independent examiner's fee Accountaro fees LEI renewal fee Legal fees 1.512 3.888 72 990 4,414 72 1,680 5,472 7,156 No Trustee received any remuneratlon or benefits from the charity during the year 12024 - £NIII nor any expenses 12024 - £Nil). There are no employees {2024 - none). 5 INVESTMENTS 2025 2024 Quoted investments.. Market value as at 6 Aprll 2024 Addiiions Disposals Realised gains Net unrealised Investment gainsl{losses) 1,135,410 81,402 (72.757 12.367 (41,4611 1,094,942 58,589 165,6581 11,480 36,057 Market value 5 April 2025 1,114,961 1,135,410 Uninvested cash capital 5,850 16,989 1,120,811 1,152,399 Hlstorical cost as at 5 April 2025 979,252 958,239 6 CREDITORS 2025 2024 Investment manager's fee Accountancy Independent examiner's fee 1.010 4.127 990 937 3,868 945 6,127 5.750 12
R A AND V B REEKIE TRUST Note5 to the financFal statements for the year ended 5 April 2025 7 STATEMEKf OF MOVEMENTS ON UNRESTRICTED FUNDS Balan 6 Aprll 2024 Expenditure gains and losses Balance 5 Aprll 2025 Income Transfers Investment fund General fund 1,152,399 62,598 131,5881 {40,2101 1,120,811 71,715 49,327 Total unrestricted funds 1,214,997 49,327 (71,7981 1,192,526 TAXATION The R A And V B Reekle Tnjst Is a reglstered charlty and, as such, Is exempt from tax on Income and galns fallTng within Section 505 ICTA88 or Section 256 TCGA92 to the extent that they are applied to its charitable objectives. 9 RELATED PARTY TRANSACTIONS Virginia ReekTe is a trustee of Marlborough Literature Festival, charity number 1149252. During the year, grants of £1,000 were made to Marlborough Literature Festival {2024 . £1,000) by the Charity. Nicola McKittrick is an employee of B[d IT International, charity nLwnber 1115989. During the year, grant5 of E2,000 were made to Build IT Intemational {2024 . L2,0001 by the Charity. Nicola 15 not involved Tn the decision to supptsrt this charity. 13