THE REECE FOUNDATION

Charity Number: 1121325
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

PROMOTE MANUFACTURING AND SUPPORT OF EDUCATION WITH EMPHASIS IN THE NORTH EAST, PARTICULARLY RELATING TO ENGINEERING MATHS AND PHYSICS BUT ALSO INCLUDING ISSUES AFFECTING THE COUNTRYSIDE AND OTHER LOCAL CHARITIES

Income and expenditure

Data for financial year ending 31 December 2023

Total income: £308,737
Total expenditure: £1,753,090

People

4 Trustee(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • General Charitable Purposes
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • Arts/culture/heritage/science
  • Environment/conservation/heritage
  • Economic/community Development/employment
  • Other Charitable Purposes
Who the charity helps:
  • Children/young People
  • Other Charities Or Voluntary Bodies
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Organisations
  • Sponsors Or Undertakes Research
Where the charity operates:
  • Throughout England

Governance

Registration history:
  • 22 October 2007: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
06361547 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints handling
  • Conflicting interests
  • Financial reserves policy and procedures
  • Investment
  • Risk management
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

4 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Professor David Roy Sandbach Trustee 10 December 2018
National Centre For Universities and Business
Received: On time
ANNE DOROTHY REECE Trustee 15 March 2012
None on record
ERIC MORGAN BSC Trustee
None on record
SIMON GILROY Trustee
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £1.56m £1.52m £754.87k £230.26k £308.74k
Total expenditure £1.36m £1.47m £2.77m £1.05m £1.75m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £1.25m £1.28m £565.00k N/A N/A
Income - Other trading activities £0 £0 £0 N/A N/A
Income - Charitable activities £0 £0 £0 N/A N/A
Income - Endowments £0 £0 £0 N/A N/A
Income - Investment £304.33k £237.04k £189.87k N/A N/A
Income - Other £0 £0 £0 N/A N/A
Income - Legacies £0 £0 £0 N/A N/A
Expenditure - Charitable activities £1.21m £1.30m £2.56m N/A N/A
Expenditure - Raising funds £147.21k £170.81k £204.34k N/A N/A
Expenditure - Governance £0 £0 £0 N/A N/A
Expenditure - Grants institution £1.21m £0 £0 N/A N/A
Expenditure - Investment management £147.21k £170.81k £204.34k N/A N/A
Expenditure - Other £0 £0 £0 N/A N/A

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 30 September 2024 On Time
Accounts and TAR 31 December 2023 30 September 2024 On Time Download Open in new window
Annual return 31 December 2022 30 September 2023 On Time
Accounts and TAR 31 December 2022 30 September 2023 On Time Download Open in new window
Annual return 31 December 2021 04 November 2022 4 days late
Accounts and TAR 31 December 2021 04 November 2022 4 days late Download Open in new window
Annual return 31 December 2020 15 October 2021 On Time
Accounts and TAR 31 December 2020 15 October 2021 On Time Download Open in new window
Annual return 31 December 2019 12 August 2020 On Time
Accounts and TAR 31 December 2019 12 August 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 5 SEPTEMBER 2007

Charitable objects

3.1.1. SUPPORTING ENGINEERING TEACHING AT CAMBRIDGE AND OTHER UNIVERSITIES IN THE UNITED KINGDOM. 3.1.2. SUPPORTING AND ENCOURAGING CHILDREN IN TYNESIDE AND THROUGHOUT THE UNITED KINGDOM TO STUDY MATHEMATICS, PHYSICS AND RELATED SCIENCES AT SCHOOL OR COLLEGE. 3.2 TO ADVANCE ENGINEERING RESEARCH FOR THE PUBLIC BENEFIT. 3.3 TO ADVANCE EDUCATION IN CO-OWNERSHIP OR PARTNERSHIP WORKING. 3.4 SUCH OTHER CHARITABLE PURPOSES AS THE TRUSTEES FROM TIME TO TIME SHALL DETERMINE.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NATIONAL

Contact information

Address:
40 Grosvenor Place
NEWCASTLE UPON TYNE
NE2 2RE
Phone:
07704076703
Email:
enquiries@reece-foundation.org
Website:

www.reece-foundation.org Open in new window