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← The Reward Foundation

2025-06-30-accounts

APPENDIX 1

OSC r

Trustees’ Annual Report for the period Trustees’ Annual Report for the period Trustees’ Annual Report for the period Trustees’ Annual Report for the period
Period start date Period end date
Day
Month		 Year Day Month Year
From 01
July		 2024 To
30		 June 2025

Office of the Scottish Charity Regulator

Reference and administration details

Charity name The Reward Foundation Other names charity is known by Registered charity number SC044948 Charity’s principal address The Melting Pot 15 Calton Road Edinburgh

Postcode EH8 8DL

Names of the charity trustees on date of approval of Trustees’ Annual Report

Name of person Dates acted if Trustee name Office (if any) (or body) entitled to not for whole year appoint trustee (if any) 1 Assistant Treasurer Anne Macleod Darling 2 Chair, Secretary & Darryl Kenneth Mead Treasurer 3 4 5

9

10

1

APPENDIX 1

Reference and administration details

Names of all other charity trustees during the period, if any, (for example, those who resigned part way through the financial period)

Name Dates acted if not for wholeyear
Maureen MaryGill Resigned 27 October 2024
Structure, governance and management
Type of governing document The Constitution of The Reward Foundation. It is based closely on the
standard OSCR model constitution for a SCIO. A copy of the current
constitution has been lodged with OSCR.
Trustee recruitment and appointment The Board is made of Charity Trustees who are recruited with the
agreement of the Board at a quorate meeting of the Board. The process
is for a Board member to nominate an individual and then to have the
Board vote on the nomination. A simple majority of members present is
needed for a new Trustee to be recruited. The processes are set out in
clauses 53 to 79 of the Constitution.
Objectives and activities
Charitable purposes To advance education by furthering public understanding of the reward
circuitry of the brain and how it interacts with the environment, and
To improve health by furthering public understanding of building
resilience to stress.
Summary of the main activities
in relation to these objects 2024-25 was the eleventh year of operation of The Reward Foundation
(TRF). Our work was focused in several areas:

2

Achievements and performance

Summary of the main achievements of the charity during the financial period

3

APPENDIX 1

Financial review

Brief statement of the charity’s policy on reserves

The Reward Foundation would like to set reserves at £1,000, equal to one year’s basic operating costs. This amount is feasible and proportionate for the eighth operating year of a charity. The set amount is unchanged from last year.

Details of any deficit

During 2024-2025 more emphasis was placed on spending some of the charity’s existing cash reserves to deliver our charitable activities, rather than maximising new income. As a result, we had a full year trading deficit of £36,775.

Donated facilities and services (if any)

We donated a total of 220 hours of free training to a total of 420 people. This was slightly fewer hours of free training than last year’s total of 362 hours. It was delivered to delivered to about 600 people.

About 1,000 hours of labour was donated towards the creation of a book in the field of pornography harm awareness, up from about 400 hours last year.

4

APPENDIX 1

Other optional information

Declaration

The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees

Signature(s) ———— A Darry| in————— mas 55C0F 0000-DF Full name(s) Darryl Kenneth Mead Anne Macleod Darling Position (e.g. Chair) Chair and Treasurer Charity Trustee

Date

5

APPENDIX 3

Independent examiner’s report on the accounts

Independent examiner’s report on the accounts’s report on the accountss report on the accounts
Report to the
trustees/members of
Charity name
The Reward Foundation		 Charity name
The Reward Foundation
Registered charity
SC044948		 SC044948
number
On the accounts of the Period start date
Period end date
charity for the period Day
Month
Year
Day
Month
Year
01
July
2024
to
30
June
2025
Set out on pages
7 - 10		 7 - 10
Respective
responsibilities of
trustees and examiner		 The charity’s trustees are responsible for the preparation of the accounts in accordance
with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the
Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees
consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations
does not apply. It is my responsibility to examine the accounts as required under section
44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent My examination is carried out in accordance with Regulation 11 of the 2006 Accounts
examiner’s statement Regulations. 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 seeks
explanations from the trustees concerning any such matters. The procedures undertaken
do not provide all the evidence that would be required in an audit and, consequently, I do
not express an audit opinion on the accounts.
Independent examiner’s
statement		 In the course of my examination, no matter has come to my attention
1.
which gives me reasonable cause to believe that in any material respect the
requirements to:
•
keep accounting records in accordance with section 44(1) (a) of the 2005 Act and
Regulation 4 of the 2006 Accounts Regulations, and
•
prepare accounts which accord with the accounting records and comply with
Regulation 9 of the 2006 Accounts Regulations
have not been met, or
2. to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Signed:** Date:
Name: David Nicholls FCCA
Relevant professional
qualification(s) or body Fellow of the Association of Chartered Certified Accountants
(if any):
Address: Brett Nicholls Associates
Herbert House
24 Herbert Street
Glasgow, G20 6NB

6

Enter charity name below Enter SC No. below

APPENDIX 2 Enter charity name below Enter charity name below Enter charity name below Enter charity name below Enter charity name below Enter charity name below Enter SC No. below Enter SC No. below
The Reward Foundation The Reward Foundation SC044948
Receipts andpayments accounts ments accounts
Period start date Period end date Period end date
For the period
from		 01
Day		 July
Month		 2024
Year		 to Day
30		 Month
June		 Year
2025		 page 7
Section A Statement of receipts and payments
Unrestricted
funds		 Restricted funds Expendable
endowment
funds		 Permanent
endowment
funds		 Total funds
current period		 Total funds last
period		 Total funds last
period
to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ to nearest £
A1 Receipts
Donations 43,538 - - - 43,538 43,538 42,875
Legacies - - - - - -
Grants - 79,708 79,708 - - 79,708 79,708 146,495
Receipts from fundraising activities - - - - - -
Gross trading receipts - - - - - -
Income from investments other than land
and buildings - - - - - -
Rents from land & buildings - - - - - -
Gross receipts from other charitable
activities 749 - - - 749 749 2,483
Employment Allowance 5,192 - - - 5,192 5,192 -
Bank interest 855 - - - 855 855 185 185
A1 Sub total A1 Sub total 50,334 79,708 79,708 - - - - 130,042 130,042 192,038
A2 Receipts from asset & investment A2 Receipts from asset & investment
sales
Proceeds from sale of fixed assets
-
-
-
-
-
-
Proceeds from sale of investments
-
-
-
-
-
-
A2 Sub total -
-
-
-
-
-
Total receipts 50,334
79,708
-
-
130,042
192,038
~~Se~~
A3 Payments
Expenses for fundraising activities
- - - - - -
Gross trading payments
- - - - - -
Investment management costs
- - - - - -
Payments relating directly to charitable
activities 85,993 79,708 79,708 - - 165,700 165,700 132,187
Grants and donations
- - - - - -
Governance costs:
- - - - - -
Independent examination 1,116 - - - 1,116 1,116 1,116
Preparation of annual accounts - - - - - -
Trustee Meeting - - - - - -
Return of Grant
- - - - - - - - - - -
**A3 Sub total ** 87,109 79,708 79,708 - - - - 166 166,816 133,303
A4 Payments relating to asset and
investment movements
Purchases of fixed assets
- - - - - -
Purchase of investments
- - - - - - - - - - -
**A4 Sub total ** - - - - - - - - - - -
**Total payments ** 87,109 79,708 79,708 - - - - 166,816 166,816 133,303
Net receipts / (payments)
A5 Transfers to / (from) funds
Surplus / (deficit) for year		 36,775)
(
-
-
-
36,775)
(
58,734
-
-
-
-
36,775)
(
-
-
-
36,775)
(
58,734
~~SSSSS~~

7

APPENDIX 2

SC044948

The Reward Foundation

APPENDIX 2 The Reward Foundation SC044948
Page 8 The Reward Foundation SC044948
Section B Statement of balances
Categories Details Unrestricted
funds		 Restricted funds Expendable
endowment funds
Permanent
endowment
funds		 Total current
period		 Total last period
to nearest £ to nearest £ to nearest £
to nearest £		 to nearest £ to nearest £
B1 Cash funds 73,350
6 6 4 )
(
-
-
73,350
14,616
36,775)
(
-
-
-
36,775)
(
58,734
-
-
-
-
-
-
-
-
-
-
-
-
36,575
-
-
-
36,575
73,350
Cash and bank balances at start of year
Cash and bank balances at end of year
Surplus / (deficit) shown on receipts and
payments account
~~=—SE=S2=~~
(Agree balances with receipts and payments
account(s)) - - - - -
-
-		 - - - 0 0
Details Fund to which asset belongs Market valuation Last year
to nearest £ to nearest £
B2 Investments Nil
~~—S~~		 -
-
-
-
-
-
-
-
-
-
Total
-
-
~~EE~~		 -
-
-
-
-
-
Details Fund to which asset belongs Cost (if available)
Fund to which asset belongs		 Current value (if
available)		 Last year
to nearest £ to nearest £ to nearest £
B3 Other assets -
-
17,759
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total
-
-
17,759
Royalties from book
Unrestricted funds
~~=		 —==~~
Details Fund to which liability relates Amount due Last year
to nearest £ to nearest £
B4 Liabilities Independent Examination
Advertising
~~=~~		 -
400
1,200
1,116
Total
1,200
1,516
Unrestricted funds
Unrestricted funds
~~Ee~~		 400
1,116
1,516
Details Fund to which liability relates Amount due
(estimate)		 Last year
to nearest £ to nearest £
B5 Contingent liabilities Nil
~~SS~~		 -
-
-
-
-
-
Total
-
-
~~=~~
Signed by one or two trustees on
behalf of all the trustees		 Signature Print Name Date of
approval
Darryl Mead
Anne Macleod Darling

8

APPENDIX 2

SC044948

The Reward Foundation

Page 9

Section C Notes to the Accounts

C1 Nature and purpose of funds (may be stated on analysis of funds worksheets)

The major grant received in 2024/25 was to support research and to cover general operational expenses.

C3a Trustee remuneration
C4a Trustee expenses
C5 Transactions with trustees
and connected persons
C2 Grants
C3b Trustee remuneration -
details
C6 Other information
C4b Trustee expenses - details		 Type of activity or project supported Type of activity or project supported Individual /
institution		 Number of grants
made
£		 Number of grants
made
£
Total -
If no remuneration was paid during the period to any charity trustee or person connected to a
trustee cross this box (otherwise complete section 3b)		 X
Authority under which paid £
If no expenses were paid to any charity
complete section 4b)		 trustee during the period then cross this box (otherwise X
Mary Sharpe was an employee in the
CEO role for the period 1 Jul 2024 to 30
June 2025. The total employer cost
relating to this role is stated:
Nature of transaction		 Number of trustees £
Darryl Mead (husband of Mary Sharpe),
Trustee from period 1 July 2024 to 30
June 2025.
Nature of relationship		 Transaction
amount (£)		 Balance
outstanding at
period end (£)
53,344 0

9

APPENDIX 2

SC044948

The Reward Foundation

Page 10 Additional analysis (1)

Analysis of receipts and payments

1 Donations

Unrestricted
funds
to nearest £		 Unrestricted
funds
to nearest £		 Restricted funds
to nearest £		 Expendable
endowment funds
to nearest £		 Permanent
endowment funds
to nearest £		 Total current
period
to nearest £		 Total current
period
to nearest £		 Total last period
to nearest £
Royalties from book 42,853 - - - 42,853 42,837
Other Donations 685 - - - 685 38
Total
2 Grants		 43,538 - - - 43,538 42,875
Restricted funds
to nearest £		 Total last period
to nearest £
Operations grant - 79,708 79,708 146,495
Total - 79,708 79,708 146,495

3 Gross receipts from other charitable activities

Unrestricted
funds
to nearest £		 Unrestricted
funds
to nearest £		 Restricted funds
to nearest £		 Expendable
endowment funds
to nearest £		 Permanent
endowment funds
to nearest £		 Total current
period
to nearest £		 Total current
period
to nearest £		 Total last period
to nearest £
Fees charged for lecturing services - - - - - 1,265
Sales of books 108 - - - 108 44
Sales of online courses 116 - - - 116 474
Advertising 525 - - - 525 700
Total 749 - - - 749 2,483

4 Payments relating directly to charitable activities

4 Payments relating directly to charitable activities
Unrestricted
funds
to nearest £		 Restricted funds
to nearest £		 Expendable
endowment funds
to nearest £		 Permanent
endowment funds
to nearest £		 Total current
period
to nearest £		 Total last period
to nearest £
Computer consumables and website management 3,924




















- - - 3,924




















6,025
Research Costs(incl Books, Subs & Conferences) 502 79,708 - - 80,209 69,597
Consultancyfees 4,587 - - - 4,587 3,380
Legal andprofessional fees - - - - - 40
Print Post and Stationery 381 - - - 381 271
Purchase and maintenance of Equipment 1,000 - - - 1,000 1,969
Room Hire and office space 523 - - - 523 491
Travel expenses 6,969 - - - 6,969 3,419
Insurance 1,477 - - - 1,477 801
CEO Fee as self-employed contractor - - - - - 26,500
CEO Salary 44,000 44,000 8,800
Employers National Insurance Contributions 5,192 5,192 -
Employers Pension costs 4,400 4,400 360
Pension costs - - -
Telephone and Broadband 2,560 - - - 2,560 925
Charitable Donation 61 - - - 61 -
Bank charges 160 - - - 160 181
Advertisingandpromotion 6,383 - - - 6,383 8,202
Bookproduction costs 3,126 - - - 3,126 -
Payroll fees 543 - - - 543 102
Miscellaneous 90 - - - 90 50
Training 116 - - - 116 1,075
Total 85,993 79,708 - - 165,700 132,187

10

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