THE HOWARD FOUNDATION
REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024

THE HOWARD FOUNDATION
Charity Registration Number: 1009144
Head Office: 93 Regent Street, Cambridge, CB2 IAW
Bankers- Bank of Scotland, 600 Gorgie Road, Edinburgh, EHII 3XP
Independent Examiner: FCA l+ Ai>J¥£ &W&, STATh&Fc￿, cMI£
The trustees present their report and the accounts for the Charity for the year ended
31 December 2024.
l. Objectives
The Trustees, statement of objectives is as follows:
'The Howard Foundation gives financial aid to a number of local, national and
international organisations. The trustees adopt a gospel-centred approach supporting
evangelistic outreach, health and educational work.
2. Organisation:
The Charity was formed by a Declaration of Trust made on 22 January 1992.
The Trustees passed a resolution on 9 July 2024 adopting a new Deed of Amendment
and Restatement which was approved by the Charity Commission on 31 July 2024.
3. Review of Activity during the year.
The trustees are grateful for donations of £125.000 received in the year. Several grants
were made as listed in the accounts.
The Foundation owns 5,597 Ordinary shares and 167,910 Preference shares in Howard
Investment Company Ltd. It also owns 133 ordinary shares and 1,330 'A' redeemable
preference shares in Howard Ventures Ltd.
4. Investment and Reserves Policy
In view of the fact that applications for grants could be received at any time, the
Trustees maintained their policy of leaving any monies that it held on deposit at the
Foundation's bankers.
All funds are unrestricted and the Trustees have no designated funds.
5. The Trustees during the period under review were:
G.E.O. Howard
C.L.E.M. Bewes
S. Midgley
C.C.R. Bewes
ON BEHALF OF THE TRUSTEES:
G.E.O HOWARD

CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's report on the
accounts
Report to the trustees
The Howard Foundation
On accounts for the year
ended
31 December 2024
Charity no
(If any)
1009144
Set out on pages
I report to the trustees on my examination of the accounts of the above
charity (Ihe Trust.) for the year ended 31 December 2024.
Responsibilities and As the charitys trustees, you are responsible for the preparation of the
basis of report accounts in accordan￿ with the requirements of the Charities Act 2011
('the Act").
I report in respect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and, in carrying out my examination, I
have followed all the applicable Directions given by the Charity Commission
under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have
examiner's statement come to my attention in connection with the examination which gives me
cause to believe that in. any material respect..
the accounting records were not kept in accordance with section 130
of the Charities Act", or
the accounts did not accord wtth the accounting records" or
the accounts did not comply with the applicable requirements
con￿rning the form and content of accounts set out in the Charities
(Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fair, view which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection
with the examination to which attention should be drawn in this report in
order to enable a proper understanding of the accounts to be reached.
Signed
Date
15 July 2025
Name
KA Haddow
Relevant professional
qualification
FCA
Address
24 Mingle Lane
Stapleford
Cambs

The Howard Foundation - Charity No. 1009144
Annual accounts for the year ended 31 December 2024
statement ol financial activities
Restrfcted
Income
funds
Unrestricted
funds
Endowment Total thls
funds
year
Descriptions by natural category
Total last year
Incomlng msourcts
Donations. legacies and Grants
Dividends Received
Interest Received
F01
125,000
15,000
593
140,593
F02
F03
125,000
1 S.000
593
140.593
125,000
13.993
588
139.581
Total incomlng resourcgs
R•sources expended
Donations and Grants
Legal and professional fees
1e5,664
165.664
160,627
3,191
163,818
24,237
Total resources expended
165.664
25.071
165.864
25,071
Not foutyoingylncoming re50uroes
Al•t movementin funds
25,071
602.596
25,071
802,596
Total funds brought forward
626,833
Total funds carrled forward
577.525
577 525
602 596
The Howard Foundation
Charity Number '. 1009144

Balance sheet
Note
Totsl this year
Total last year
Fixed assets
Investments
536,802
536,802
536,802
536,802
Total fixed assets
Current assets
Cash at bank and in hand
40,723
40,723
65,794
65,794
Total current assets
Net current assets
40,723
65,794
Total assets less current liabilities
Net assets
577,525
577,525
602,596
602,596
Funds of the Charity
Total unrestricted funds
577,525
602,596
Total funds
577,525
602,596
Signed by G.E.O Howard on behalf of all the trustees
Signature
Date of approval
The Howard Foundation
Charity Number '. 1009144

Notes to the accounts
Note 1
Basis of preparation
1.1 Basis of accounting
The accounts (financial statements} have been prepared under the historical cost convention with
items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to
these accounts. The financial statements have been prepared in accordance with the second
edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the
Charities Act 2011.
The trustees consider that there are no material uncertanties about the Trust's ability to continue as a going
concern.
The Howard Foundation
Charity Number: 1009144

Notes to the accounts
Note 2
Accounting policies
INCOMING RESOURCES
Recognition of incoming
resources
These are included in the Statement of Financial Activities (SOFA) when..
the charity becomes entitled to the resources.,
the trustees are virtually certain they will re￿1ve the reSour￿S., and
the monetary value can be measured with sufficient reliability.
Where incorning resour￿$ have related expendilure las with fundraising or contract income)
the incoming resources and related expenditure are reported gross in the SOFA.
Grants and donations are only included in the SOFA when the charity has unconditional
entitlement to the resources.
Incoming resources wlth
related expenditure
Grants and donatlons
Tax reclaims on donations
and gifts
Contractual income and
performance related grants
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to
which they relate.
This is only included in the SOFA once the related goods or services have been delivered.
Gifts in kind
Gifts in kind are accounted for at a reasonable esb'mate of their value to the charity or the
amount actually realised.
Gifts in kind for sale or distribution are included in the accounts as gift$ only when sold or
distributed by the charity.
Gifts in kind for use by the charity are included in the SOFA as incoming resources when
receivable.
These are only included in incoming resources (with an equivalent amount in resources
expended) where the benefit to the charity is reasonably quantifiable, measurable and
material. The value placed on these resources is the estimated value to the Charity of the
Servi￿ or facility ￿CeIved.
The value of any voluntary help received is not included in the accounts but is described in the
trustees, annual report.
This is included in the accounts when receivable.
Donated services and
facilities
Volunteer help
Investment income
Investment gains and losses This indudes any gain or loss on the sale of investments and any gain or loss resulting from
revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
Liability recognition
Liabilities are recognised as soon as there is a legal or construct've obligation committing the
charity to pay out resources.
Where the charity gives a grant wth conditions for its payment being a specific level of service
or output to be provided, such grants are only recognised in the SOFA once the recipient of the
grant has provided the specified service or output.
These are only ￿CogniSed in the accounts when a commitment has been made and there are
no conditions to be met relating to the grant whictt remain in Ihe control of the charity.
Grants with performance
conditions
Grants payable without
perfomian¢e condition$
ASSETS
Tangible fixed a89ets for use These are capitalised if they can be used for more than one year, and cost at least £500.
by charity
They are valued al cost or a reasonable value on receipt.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year
end. Other investment assets are included at trustees, best estimate of market value.
Stocks and work in progres$ These are valued al the lower of cost or market value.
The Howard Foundation
Charity Number '. 1009144

Notes to the accounts
Note 3
Grantmaking
Grants to
Grants to
Institutions Individuals Thls Year Last Year
Purpose for which
rants made
Support of evangelistic outreach, health and educational work
165,664
165,684
165,664
165,664
160,627
Total
160,627
Grants made
Total
amount of
grants paid £
Names of institutlons
Arbury Road Baptist Church
Azalea
Bamwell Baptist ChuKh
BCUK
Bron & Colin Cleaver
CCHP (Sophie Young)
Chrlst Church Trumpington
Cambridge & District Youth for Christ
Christians in Sport
Cornerstone Church Crewe
F•stim & Elisabeta Hoxhaj
Freel Recovery
Frlends International
GenR8
Grace Church Coventry
Home for Good
Hope into Action
HoverAld
Institute of Bible Teachlng
IPC UK (Zac Lea¢hl
Japan Christian Link (Philip Glass>
JBC
Jesus Lane Trust
Just Love
Kick London
Mission Macedonia
Oak Hill
Oughtlbridge Parish Chur¢h
Ridley Hall
Romsey Mill
Souster Youth Trust
St Andrew's Kendray
St George's Church Chesterton
St Peter's Fulham {Chloe Yeadonl
Terrington St Clgrnent
Th• Boathouse Church Putney {David W)
The Bridge Church 8attersea (Lewis B)
The Bridge Church Batteryea (Jessica A)
Trinity Church CentratLbndon
Trinty Church Salisbury
Youthscape
Total
rants to inslilutions
2,000
4,000
6,000
8,000
6,000
5,000
750
5,814
3,000
5,000
6,000
1,000
4,000
3,000
1.000
5,000
4.600
2,000
2,000
4,000
5,000
4,000
6,000
5,000
4,000
3,000
5,000
1,000
6,000
4,000
5,000
2,000
3,500
3,000
5,000
1,000
1,500
500
10,000
8,000
5,000
165.664
The Howard Foundation
Charity Number '. 1009144

Notes to the accounts
Note 4
Investment assets
Fixed assets investments
This year
Last year
Carrying value at beginning of year
Addl{deduet>: net gainl{lossl on revaluation
Carrying value at end of year
536,802
536.802
536,802
536.802
Analysis of investments
Value atY￿r
end
Value at year
end
Socurtties not listed on a recognised Stock Exchange
536,802
536,802
Totsl
536,802
536,802
Material investment holdings
Valuè at year
end
Value at yèar
end
Investment held
5,597 Ordinary Shares in Howard Investment Company Limited
167.910 Preference Shares in Howard Investmènt Company Limited
133 £1 Ordinary Shares in Howard VentLJre8 Lim(ted
1330 £1 A Redeemablè p￿ference Shares in Howard Ventures Lirniled
Total
365.812
167,910
2,015
1,064
536,802
365812
167,910
2,015
1,064
536.802
The Howard Foundation
Charity Number '. 1009144