Reece Family Trust
The object of the charity is to make grants for the benefit of the public for such charitable purposes as the trustees think fit. The trustees are particularly keen to support projects in the North East of England, reaching those most disadvantaged in the region. The charity has adopted a grant making policy and is actively seeking out charitable organisations which it might support.
Financial health, per its FY2025 accounts
The accounts state that the charity holds substantial unrestricted reserves of £9,021,587, with £1,477,762 held as cash and £5,890,011 in investments. The trustees report that these levels mitigate risks associated with investment market uncertainty, noting the charity employs no staff and has no fixed cost base.
What the accounts disclose
“The Foundation has no fixed cost base and employs no staff. Consequently it has no need to hold reserves to cover future costs.” — page 5
“During the year fees totalling £6,365 (2024: £11,493) were paid to J Flynn, trustee, for project costs associated with the Footsteps project and for services to the Foundation in relation to grant assessment and administration. During the year fees totalling £19,747 (2024: £26,284) were paid to D Mackay, trustee, for services to the Foundation in relation to grant assessment and administration.” — page 24
“During the year fees totalling £6,365 (2024: £11,493) were paid to J Flynn, trustee, for project costs associated with the Footsteps project and for services to the Foundation in relation to grant assessment and administration.” — page 24
“During the year fees totalling £19,747 (2024: £26,284) were paid to D Mackay, trustee, for services to the Foundation in relation to grant assessment and administration.” — page 24
“During the year fees totalling £6,365 (2024: £11,493) were paid to J Flynn, trustee, for project costs associated with the Footsteps project and for services to the Foundation in relation to grant assessment and administration.” — page 24
“During the year fees totalling £19,747 (2024: £26,284) were paid to D Mackay, trustee, for services to the Foundation in relation to grant assessment and administration.” — page 24
Corporate structure
- Registered company of the charity Companies House 07434158
Leadership, per the charity’s website
- Sue Reece — Chair
- John Reece — Director
- Lauren Reece — Director
- Greg Reece — Director
- Ali Reece — Director
Company officers (Companies House)
- MACKAY, Dianne on trustee list
- FLYNN, John on trustee list
- REECE, John Peter on trustee list
- REECE, Susan Elizabeth not on trustee list
Structured financials (annual return, FY ending 05/04/2025)
Trustees
- SUE REECEchair
- Dianne Mackay
- JOHN PETER REECE
- John Flynn
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £2.0m | £494k |
| 05/04/2024 | £1.4m | £414k |
| 05/04/2023 | £147k | £344k |
| 05/04/2022 | £106k | £188k |
| 05/04/2021 | £1.3m | £249k |
Common questions
Is Reece Family Trust financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds substantial unrestricted reserves of £9,021,587, with £1,477,762 held as cash and £5,890,011 in investments. The trustees report that these levels mitigate risks associated with investment market uncertainty, noting the charity employs no staff and has no fixed cost base. Its FY2025 accounts were audited by UNW LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| NORTHUMBERLAND NATIONAL PARK FOUNDATION | 1 | £300k |
| THE RASCHE FAMILY CHARITABLE TRUST | 1 | £60k |
Charities like this
- THE REECE FOUNDATION
- THE FAMILY RICH CHARITIES TRUST
- RICHARD REEVE'S FOUNDATION
- THE REED EDUCATIONAL TRUST LIMITED
- THE RASCHE FAMILY CHARITABLE TRUST
- THE REVERE CHARITABLE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| Reece Family Trust | £2.0m | — | 0 | above | — | no doubt |
| THE REECE FOUNDATION | £376k | — | 0 | unclear | — | no doubt |
| THE FAMILY RICH CHARITIES TRUST | £138k | — | 0 | unclear | — | no doubt |
| RICHARD REEVE'S FOUNDATION | £1.7m | — | 0 | above | — | no doubt |
| THE REED EDUCATIONAL TRUST LIMITED | £2.0m | — | 0 | unclear | — | no doubt |
| THE RASCHE FAMILY CHARITABLE TRUST | £143k | — | 0 | unclear | — | no doubt |