Report of the Reedham Trust
Chairman, Mr Richard Link, taken from the Reedham Trust Annual Report 2009.
The
Reedham Trust has maintained its commitment to assisting vulnerable children
over the past year. Grants of £312,354
were paid towards boarding school fees, about one-tenth more than in the
previous year. We recognize that the
schools which children attend are usually providing a substantial bursary
element from their own Foundation, in addition to grants obtained from other
charities. This partnership of
commitment assures us that the student will benefit from strong pastoral
influence and encouragement at such schools.
During the year our Trustees have made several visits to schools where
the Trust supports children. On
these occasions it is rewarding for us to see how the help we give is reflected
in their lives.
The year under
review in this Report brought a further deterioration in the value of our
investments, although there had been some improvement by the year-end to show an
overall 10% decline. The Trust holds
regular meetings with our two Investment Managers who are committed to maintain
a policy to provide long-term growth of both income and capital.
However our bank deposits have been severely affected by the evaporation
of interest and these are being absorbed into our investment portfolio.
During the year assistance was given to 132 boys and girls at 65 schools, 31 of
these being new grants. Priority has
continued to be given to children up to the age of 16.
13 completed their A level studies in 2009 and 13 sat their GCSEs.
Of the latter 7 will continue to receive Trust support at 6th
form level.
The Selection Panel has continued with their difficult task of assessing cases
submitted by our Caseworker. This is often in conjunction with other Trusts and
organisations with similar objectives to Reedham. Substantial funds can
accumulate in this way and this is supplemented by family contributions whenever
possible. However in the current
year it is the general practice for grants to be kept at last year’s level.
Our grant budget for the year 2009/2010 has already been spent. On page 4 the
case studies provide some examples where support was provided last year.
The Pathfinder Project, a government backed initiative to assist vulnerable
children into boarding education, continues to make slow progress and 22 local
authorities are now involved.
During the year, the Board appointed a sub-committee to carry out a Strategic
Review of the aims and objectives of the Trust.
The ever-increasing cost of boarding education is a matter of great
concern. Following research, the
Trust has agreed in principle to support a pilot project to assist The Princess
Royal Trust for Carers, providing small grants to young carers in the North East
of England. We have also agreed to
support an outreach project run by the
Chorister
School
in
Durham
, targeting children from some of the most deprived areas in South Tyneside,
Durham
and
Sunderland
.
There have been no changes in the membership of our Board of Management.
After many years involvement with Reedham, Pam Peters resigned from the
Fundraising committee in May and we recognise the great help she has given to
the Trust, particularly with the management of our Golf days over many years.
In the near future further appointments will be made to the Board and the
Selection Panel.
Our Museum room at The Lodge continues to attract interest from the locality and
Old Scholars. The display space has
been increased and several new exhibits have been acquired. We often get
enquiries and visits from former Reedham pupils, and others who are keen to
research into their family history. Our
links with the local community have been maintained with our neighbours Beaumont
and St Nicholas schools, local churches and the Purley Rotary Club.
Douglas Reed and I were pleased to share with the Reedham Old Scholars
Association (ROSA) the opportunity to give the annual address to the Bourne
Society at their AGM in April.
The Trust continues as a member of the Fundraising Standards Board and we are
delighted to report that fundraising efforts have been surprisingly successful
despite the difficult economic climate. We
are very appreciative of the further considerable generosity shown by an Old
Scholar – who has not only continued to donate substantial sums to the Trust,
but organised a highly successful Ball at
Alnwick
Castle
in May when the amazing sum of £59,000 was raised.
The proceeds from this event are being specifically directed to support
vulnerable children in the North East. We
would also like to express our thanks to Douglas Reed for organising another
benefit concert this year. The event
was a sell-out and proceeds are to be split between all the Andrew Reed
Foundations.
We were delighted to learn that our application to the Barbara Ward Children’s
Foundation (BWCF) this year was successful and the BWCF have generously agreed
to provide another substantial grant to the Trust, to be spread over 3 years for
the purpose of emergency funding of cases.
Many other Trusts and organisations support Reedham and we are very appreciative
of this support. In particular,
specific thanks are due to the following for their help over the past year:
The Bourne Society
Fenwick Ltd
Gants Hill United Reformed Church
Helen Robertson Charitable Trust
Hubert Blake Charitable Trust
Joseph Strong Frazer Trust
Marsh Christian Trust
Nestle Pensioners Association
Probus Club of Purley
Purley Rotary Club
Purley United Reformed Church
Purley Group WI
Reedham Old Scholars Association
Terrington
Hall
School
Thoresby Charitable Trust
We would also like to thank the Sir James Knott Trust and the William Leech
Charity for their grants, which provide support for children in the North East.
It would be an impossible task to mention all our individual donors by name, but
we very much value their ongoing assistance.
The addition of Gift Aid relief in many individual cases also helps to
boost the level of donations.
The Fundraising Committee continue to seek out ways of raising funds and this
year have been actively encouraging legacy giving.
All
ROSA
members have received a letter from Douglas Reed to this effect.
The Trust’s 11th Newsletter was produced in the summer, enabling us
to keep in touch with our donors and supporters.
As usual, Lesley Ackerley put together an informative and attractive
document which is much appreciated.
The Trust owes a great debt of thanks to all members of our enthusiastic Board
and others who join our committees. In an ever-changing social environment we
are pleased to continue with the work of helping children which has continued
under this Charity for 165 years. Our connection with the Old Scholars
Association reminds us of the past and we do appreciate their involvement and
the support given by their members to our present work.
Thanks are also due to our Investment Managers, on whom depends the ability to
carry out the work we do. The work
itself is carried out with great dedication by our three members of staff, Jean
Watkins, Jane Pocock and Lesley Ackerley. They are well known to many outside
the Trust and the Board is very appreciative of the great service they provide.
Richard Link
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