Finance Score: -9

Governance Score: -1

Support Score: 0

Liabilities <10%: +3
Excess reserves: -5
Accounts overdue -5
Strong growth: +2
Fundraising costs high: -4

Only 4 Trustees: -1

No supporters identified

Overall GiG Score: -10

THE REECE FOUNDATION

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

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
There has been strong growth in spending over the last 5 years

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
There are only 4 trustees

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £35,206,192 available, equivalent to 153 months of spending and so may not be able to utilise additional funding
Latest accounts are overdue for filing
Fundraising costs are extremely high relative to funds raised

Established: 17 years

www.reece-foundation.org

enquiries@reece-foundation.org

07704076703

Charity Commission for England and Wales

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs
31/12/21	*	£755	£2,768	£-2,013	£0	£35,206	£35,206	152.6
31/12/20		£1,517	£1,466	£51	£0	£33,349	£33,349	272.9
31/12/19		£1,557	£1,357	£200	£0	£28,252	£28,252	249.8
31/12/18	*	£442	£1,266	£-824	£0	£0	£0	n/a
31/12/17		£424	£1,461	£-1,037	£0	£0	£0	n/a
31/12/16		£360	£820	£-461	£0	£0	£0	n/a
31/12/15		£326	£737	£-411	£0	£0	£0	n/a
31/12/14		£130	£930	£-800	£0	£0	£0	n/a
31/12/13		£1,785	£230	£1,555	£3	£23,697	£23,697	1237.4
31/12/12		£434	£3,422	£-2,989	£0	£0	£0	n/a
31/12/11	*	£10,254	£3,722	£6,532	£2	£25,130	£0	n/a
31/12/10		£18,001	£1,245	£16,757	£3	£18,598	£18,598	179.3
31/12/09		£30	£2,302	£-2,272	£0	£0	£0	n/a
31/12/08		£10,119	£6,006	£4,113	£1	£4,113	£4,113	8.2

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Financial Ratios

Fundraising Costs/Relevant Income: 36.2%
Fundraising Costs/Total Spending: 7.4%
Highest pay band: Less than £60,000
Liabilities/Assets: 2%
Liabilities/Income: 100%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 152.6 months
Net Current Assets/Spending: 12 months
Quick Ratio: 4.5

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Economic/Community Development/Employment
Education/Training
Environment/Conservation/Heritage
General Charitable Purposes
Other Charitable Purposes
The Advancement Of Health Or Saving Of Lives

How it operates

Makes Grants to Organisations
Sponsors or undertakes research

Where it operates

Throughout England,

Who it helps

Children/Young People
Other Charities Or Voluntary Bodies
The General Public/Mankind

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (4)

Current Trustees appointed

Gender Split

Age Range of Trustees: 58-78

ANNE DOROTHY REECE Appointed: 2012, Occupation: Engineer

ERIC MORGAN BSC, Occupation: Chartered Survyor

SIMON GILROY Appointed: 2009, Occupation: Engineer

PROFESSOR DAVID ROY SANDBACH Appointed: 2018, Occupation: Professor, Other trusteeship: National Centre For Universities and Business,

Legal constitution

Charitable company registered in England & Wales on 22/10/2007, number: 1121325
Registered at Companies House on 05/09/2007, number: 06361547

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Risk management

Filing Record

14 returns made; AR21: 4 days late, AR18: 50 days late, AR11: 49 days late,

Main office

40 Grosvenor Place
NEWCASTLE UPON TYNE
NE2 2RE

Objectives

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.

Defined Area of Benefit:

NATIONAL

Data Sources