Reece Family Trust
Latest income
£2.0m
Latest spending
£494k
Registered
2010
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £7,573,636, with the trustees noting that general reserves are held at high levels to mitigate risks associated with investment market uncertainty. The charity employs no staff and has no fixed cost base, relying on investment income and donations to fund charitable grants.
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: £7.6m)
“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 FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Fees paid to trustees J Flynn (£11,493) and D Mackay (£26,284) for services related to grant assessment, administration, and woodland creation project costs.
“During the year fees totalling £11,493 (2023: £16,116) were paid to J Flynn, trustee, for project costs associated with the woodland creation project and for services to the Foundation in relation to grant assessment and administration. During the year fees totalling £26,284 (2023: £24,414) were paid to D Mackay, trustee, for services to the Foundation in relation to grant assessment and administration.” — page 24
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: 17. Related party transactions
“During the year fees totalling £11,493 (2023: £16,116) were paid to J Flynn, trustee, for project costs associated with the woodland creation project and for services to the Foundation in relation to grant assessment and administration.” — page 24
“During the year fees totalling £26,284 (2023: £24,414) were paid to D Mackay, trustee, for services to the Foundation in relation to grant assessment and administration.” — page 24
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: 17. Related party transactions
“During the year fees totalling £11,493 (2023: £16,116) were paid to J Flynn, trustee, for project costs associated with the woodland creation project and for services to the Foundation in relation to grant assessment and administration.” — page 24
“During the year fees totalling £26,284 (2023: £24,414) were paid to D Mackay, trustee, for services to the Foundation in relation to grant assessment and administration.” — page 24
Per its FY2024 accounts as filed with the Charity Commission.
Leadership, per the charity’s website
- Sue Reece — Chair
- John Reece — Director
- Lauren Reece — Director
- Greg Reece — Director
- Ali Reece — Director
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
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?
The accounts state that unrestricted reserves stood at £7,573,636, with the trustees noting that general reserves are held at high levels to mitigate risks associated with investment market uncertainty. The charity employs no staff and has no fixed cost base, relying on investment income and donations to fund charitable grants. Its FY2024 accounts were audited by UNW LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE RASCHE FAMILY CHARITABLE TRUST | 1 | £60k |