THE REECE FOUNDATION

Registered charity 1121325 · accounts filings on the Charity Commission register

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

Causes: General Charitable Purposes · Education/training · The Advancement Of Health Or Saving Of Lives · Arts/culture/heritage/science · Environment/conservation/heritage · Economic/community Development/employment · Grant history (this charity is a funder) · website · Get email alerts

Financial health, per its FY2024 accounts

The accounts state that the Foundation holds total unrestricted reserves of £30,163,662, with £1,295,536 held as cash representing approximately one year of charitable expenditure. The trustees believe these reserves are sufficient to support grants as they are agreed and other costs as they arise. The financial statements were prepared on a going concern basis with no material uncertainties identified by the auditor.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Accounts audited by UNW LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2021)

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 7.0 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (75% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 27.1% of total income — above the 90th percentile for charities its size (median 2.9%) (benchmarks).

Trustees · trustee networks

• ANNE DOROTHY REECEchair
• ELLA CORNISH
• Professor David Roy Sandbach · trustee of 1 other charity
• SIMON GILROY
• Terence Joseph Courtney

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England

Income and spending

Common questions

Known funders

Grants to this charity found in funders’ own accounts filings.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with Reece Family Trust.

• Reece Family Trust income £2.0m
• RICHARD REEVE'S FOUNDATION income £1.7m
• THE REED FOUNDATION income £2.3m
• HUMAN PRACTICE FOUNDATION UK income £184k
• BECKETT'S AND SARGEANT'S EDUCATIONAL FOUNDATION income £284k
• REUBEN FOUNDATION income £64.3m

Side by side with its peers

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.