Reece Family Trust

Registered charity 1139307 · accounts filings on the Charity Commission register · also known as LGA FOUNDATION, SPRINGFIELD HOUSE (REECE) 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.

Causes: General Charitable Purposes · Education/training · Disability · The Prevention Or Relief Of Poverty · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£2.0m
Latest spending
£494k
Registered
2010
Accounts read
FY2025

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: no fixed cost base and employs no staff. Consequently it has no need to hold reserves to cover future costs. (held: £9.0m)
“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
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: J Flynn received £6,365 for project costs and services; D Mackay received £19,747 for services.
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: 16
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: 16
“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
Per its FY2025 accounts as filed with the Charity Commission.

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

Corporate structure

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 05/04/2025)

Total income
£2.0m
Total spending
£494k
Cost of raising funds
£30k
Reserves (reported)
£9.0m
Employees
0

Reported reserves equal ~219.3 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (92% 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: 1.4% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

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

Operates in: Cumbria · Darlington · Durham · Gateshead · Lancashire · Middlesbrough · Newcastle Upon Tyne City · Northumberland

Income and spending

Financial year endIncomeSpending
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

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

FunderSimilar charities fundedAmount to them
NORTHUMBERLAND NATIONAL PARK FOUNDATION1£300k
THE RASCHE FAMILY CHARITABLE TRUST1£60k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE REECE FOUNDATION.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
Reece Family Trust£2.0m—0above—no doubt
THE REECE FOUNDATION FY2024£376k—0unclear—no doubt
THE FAMILY RICH CHARITIES TRUST FY2024£138k—0unclear—no doubt
RICHARD REEVE'S FOUNDATION FY2025£1.7m—0above—no doubt
THE REED EDUCATIONAL TRUST LIMITED FY2025£2.0m—0unclear—no doubt
THE RASCHE FAMILY CHARITABLE TRUST FY2025£143k—0unclear—no doubt

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