Charity numbor: 1121932
THE Bo￿KE￿ FAMILY FOUNDATION
UNAUDrrED
TRUSTEES, REPORT AND FINANCIAL STATÉMENTS
FOR THE YEAR ENDED 5 APRIL 2024

THE BOWKErr FAMILY FOUNDATION
CONTENTS
Reference and Administrntive Detsils of the Charity, its Tntstses and Advisers
Trustees. Report
Indèpendent EXamine￿S Rèport
ststement of Financlal Activities
Balance Sheet
Notes lo tho Financial Staternents
7-14

THE BOWKEfT FAMILY FOUNDATION
REFERENCE AND ADMINISTRATNE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 5 APRIL 2024
Trustee5
A BovA(ett
J 8owkett
A M BoNVKett
C N Bov4kett
Charity registerod number
1121932
Page 1

THE BOWKEfT FAMILY FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees present their annual report together V￿th the financia statements of the The Bowkett Family
Foundation for the year ended 5 Ayil 2024.
Structure. governance and management
. Constitution
The Bowkett Famity Foundation is a registered charity, number 1121932. and is constituted under a Trust deed.
b. Methods of appointment or eleclion of Trustees
The management of the charity is the re5ponsibilty of the Trustees are elected and COvOPted under the
temis of the Trust deed.
objectiv￿ and activities
a. Pollcies and objectives
The principal object of the charity is to provide support for the underprilileged andlor needy people, especially
those related. but not exclusively. to the christian fatth. It also gives to other charitable and needy causes.
In setting objectives and planning for activibes, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to publTrc benefiL including the guidance 'Public benefit: running a
charity (PB2)'.
b. Grant4naklng policies
The Trustees make grants vthere they believe that their contribution will make a ￿81 difference and in achieving
the principal objective ofthe charity.
Page 2

THE BOWKETT FAMILY FOUNDATION
TRUSTEES, REPORT ICONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Financlal review
. Going concern
After making appropriate enquirres, the Twstees have a reasonable expectstion that the charity has adequate
resource5 to continue in operational existence for Ihe foreseeable future. For this reason, they continue to adopt
the 90ing concern basis in preparing the financiai statements. Further details regarding the adoption of the going
concem basis can be found in the accounting policie5
b. Reserves policy
The charity has a reserves policy *thereby adequate reserves are rnaint￿ned. taking into account its analysis of
future need5 and opportunities. and having regard to expectats'ons of future levels of income and expenditure.
The level of reserves and the reserves policy are ￿VIe*￿d annualty by the Trustees. At the year end the charity
had reserves of £1,179,782 {2023- £1,193,436).
Approved by order of the members of the board of Trustees and signed on their behalf by:
A Bowkett
Trustee
Date: 03 Feb 2025
Page 3

THE BOWKEfT FAMILY FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 5 APRIL 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BOwK￿T FAMILY
FOUNDATION Ilhe charity.)
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 5 April 2024.
RESPONSIBILrriES AND BASIS OF REPORT
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 Cthe 2011 Arf).
I report in respect of my examinalion of the chari￿5 accounts carried out under section 145 of the 2011 Act and
in Carr￿n9 out my examination I have followed the applicable Directions given by the Charity Commission under
section 145(51{b) ofthe 2011 ACL
INDEPENDENT EXAMINER'S STATEMENT
Your attenb.on is dra￿Tr to the fact that the charity has prepared the accounts in accordance wth Accounting arKI
Reporting by Charities: Statement of Recommended Practice applicable to charlties preparing their account5 in
accordance ￿1th the Financial Reporb"ng Standard applicable in the UK and Republic of Ireland {FRS 102) in
preference to the Accounling and Reporb'ng by Charities: Statement of Recommended Practice issued on 1 April
2005 which is referred to in the extant rpgulations but has been thIthdra￿.
l understand that this has been done in Order for the accounts to provide a true and fair view in accordance V￿th
the Generally Accepted Accounting Practice effective for reporting wiods beginning on or after 1 January 2015.
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examination giwng me cause to believe that in any material respect..
accounting records not kept in respect of the chafity as required by section 130 of the 2011 Act., or
the accounts do not accord With those re￿s. or
the accounts do not comply wrth the applicable requirements conceming the form and content of
accounts set out in the ch8rikn.es (Accounts and Reports) Regulations 2008 other than any requirement
thal the accounts give a Irue and fair wew vthith is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other rnatters in connection viith the examination to
attention should be dravm in this report in order to enable a proper understsnding of the account5 to be reached.
This report is made solely to the charitys Trustees. as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My w￿rk has been undertaken so that I might state to the charity's
Trustees those matters l am required to stste to them in an Independent Examiner's Report and for no other
purpose. To the fvllest extent pemiitted by law, I do not accept or assume responsibilty to anyone other than the
charity and the charitys Trustees as a body. for my th or for this repo
I Vl
Signed..
Hazel Young
SOPHER + CO LLP
Chartered Accountants
5 Elstree Gate
Elstree Way
80￿hamwood
Hertford5hire
WD6 1JD
Dated:
lox<
FCA
Page 4

THE BOWKEfT FAMILY FOUNDATION
ST ATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Investments
26,378
26.378
16,022
Total income
26,378
26.378
16,022
Expenditure on:
Raising funds
Charitable activitres
Other expenditure
659
16,888
37
659
642
14,823
(73)
16.888
37
Total expenditurn
17,584
17.S84
15,392
Gains on revaluation and disposal of investment assets
(22,448)
{22.448)
7.932
Net movefflent In fund5
113,654)
{13.654)
8.562
Reconciliation of funds:
Total funds brought forkn￿rd
Net movement in lunds
1,193,436
(13,654)
1.193.436
{13,6S4)
1,184,874
8.562
Total funds carrled forward
1,179,782
1.179,782
1,193,436
The Staternent of Financial Activitjes indudes all gains and losses recognised in the year.
The notes on pages 7 to 14 forni part of these financial staternents.
Page 5

THE BOWKEfT FAMILY FOUNDATION
BALANCE SHEET
AS AT 5 APRIL 2024
2024
2023
Note
Flxod assets
Investments
10
42S,841
400,000
448,290
400,000
Investrnent property
825,841
848,290
Current assets
Cash at bank and in hand
360.620
352,559
360.620
352,559
Creditors.. amounts falling due Y￿1h1n one
year
11
16.6791
(7,413)
Net currnnt assets
353,941
345,146
Total assets less current Ilablllt5es
1,179.782
1,193,436
Net assets excluding pension a5Sèt
1,179,782
1.193,436
Total net assets
1,179,782
1,193,436
Charity funds
Restricted fijnds
Unrestricted fijnds
12
12
1,179,782
1.193,436
Total funds
1,179,782
1,193,436
The financial statements ￿re approved and authorised for issue by the Trustees and signed on their behalf by..
c>4&M
A Bowkett
Trustee
Date: 03 Feb 2025
The notes on pages 7 to 14 form part of these financial Statements.
Page 6

THE BOWKETT FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2024
Accounting policies
1.1 Basis of prepardtion of financial statsments
The financial statements have been prepared in accordance ￿ryth the Charities SORP (FRS 1021
Accounting and Reporting by Charrttes". Statement of Recommended Practi￿ applicable to charities
preparing their accounts in accordan￿ viith the Financial Reporting Standard applicable in the UK
and Republ￿ of Ireland {FRS 102) {effective 1 January 20151, the Financial Reporting Standard
applicable in the UK and Republic of I￿laThd (FRS 1021 and the ChaTities Act 2011.
The financial statements have been prepared to give a 'true and fairf view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to prowde a Irue
and fairf view. This departure has involved followng the Charities SORP {FRS 102) published on 16
Juty 2014 rather than the Accounting and Rep(w1ing by Chartbes: Stat￿ent of Recommended
Practice effective from 1 Awil 2005 *thich has since been ¥*ithdra1￿.
The Bo%M(ett Family Foundation meets the definition of a public benefit entty under FRS 102. Assets
and liabilities are Initial￿ recognised at historical cost w transacts'on value unless Othe￿Ise Stated in
the relevant accounting policy.
1.2 Fund accountlng
General funds are unrestricted fvnds vthich a￿ available for use at the discretion of the Trustees in
furtherance of the general objectives of the charity and ¥*thich have not been designated for other
purposes.
Investrnent income, gains and losses are allocated to the appropriats fund.
1.3 Income
Ail inccvne is recognised once the charity has enlitlement to the inc(Yne, it is probable that the income
vill be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations received under Gfft or deeds of covenant is
recognised at the time of the donation.
Income tax recoverable in felation to inve5trnent income is recognised at the time the investment
income is receivable.
Rental income from investment property 15 recognised in the period in ￿lch it is due.
1A Expendlture
Expenditure is ￿COgniSed once there is a leg￿ or con5tructFve obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefrts be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activrty. The costs
of each activity are made up of the totsl of direct costs and shared costs, including support costs
invdved in undertaking each activity- Direct costs attributable to a single activity are allocated directly
to Ihat activity. Shared costs bthich contribute to more than one activity and support costs which are
not attributsble to a single activity are apportioned bet￿Pen those activiti'e5 on a basis consistent V￿th
the use of resources. Central staff costs are allorated on Ihe basis of time spent, and depreGiation
charges allocated on the porhon of the asset's use.
Page 7

THE BowKE￿ FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounting policies {continued)
1A Expenditure (contlnued)
Expendibjre on charitable activitses is incurred on directy undertsking the actP¥itie5 which further the
charity's objectives, as as any assouated support Costs.
Charitable activities and Govemance costs are costs incurred on the charity's educational operations,
including support costs and costs relaling to the governance of the charty apportioned to charitable
activities.
Al expenditure is inclusive of irrecoverable VAT.
1.$ Investrnents
Fixed asset investrnents are a fomi of financial instrument and are intially r￿ognIsed at their
transaction cost and subsequentty measured at fair value at the Balance Sheet date. unless the value
cannot be measured reliakAy in vthich case it is measured at cost less Impai￿ent. Investment gains
and losses, vthether realised or unrealised. are combined and presented as 'Gainsl(Lossesl on
investments, in the Statement of Financial Activities.
1.6 Interest recelvable
Interest on funds held on deposit is included )hknen receivable and the amount can be measured
reliably by the charity., this is nomally upon notificab'on of the interest paid or payable by the institution
ith thom the funds are deposited.
1.7 Cash at bank and in hand
Cash at bank and in hand indudes cash and short-temi highly liquid investments V￿th a short maturity
of three months or less from the date of acquistb'on or opening of the deposit or similar account.
1.8 Liabilities and provisions
Liabilibe5 are recognised vknen there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefft Vail be required in settlement, and the amount
of the settlement can be ests'mated reliably.
abiltb'es are recognised at the amount that the charity antr'cipates it wll pay to settle the debt or the
amount rt has received as advanced payments for the goods or services it must provide.
Provision5 are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material. the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflecis the nsks specific to the liability. The
unwinding of the discount is recognised in the Slatement of Financial Activtbes as a finance cosL
Page 8

THE BOWKEfT FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Inveslment Incomo
Unrestricted
funds
2024
Totsl
funds
2024
Dividends and distribulions
Bank interest
15,436
10,942
15,436
10,942
26,378
26,378
Unrestricted
nds
2023
Total
funds
2023
Dividends and distributions
Bank interest
14,583
1,439
14,583
1,439
16,022
16,022
Expenditure on Alslng funds
Fundrdising direct Costs
UnTestrlctsd
funds
2024
Total
funds
2024
Investment portft)lio service charges
659
659
Page 9

THE BOWKETT FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Expenditure on rdislng funds (continued)
Fundrnislng direct costs (continued)
Unrestricted
funds
2023
Totsl
fvnds
2023
Investrnent portfolio 5erJice charges
642
Analysis of expendI￿re on charitablo activities
Summary by fund ty
Unrnstricted
funds
2024
Total
2024
Charitsble funding
16,888
16,888
Unrestricted
funds
2023
Total
2023
Charitable funding
14,823
14,823
Other expenditure
Unrestricted
funds
2024
Total
funds
2024
Exthange differenGe5
37
37
Page 10

THE BOWKErr FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Other expenditure (Gontinued)
Unrestricted
funds
2023
Totsl
funds
2023
Exchange differences
(73)
(73)
Analysis of expendlturo by activities
Support
costs
2024
Total
funds
2024
Dlrect costs
2024
Charitable funding
14,019
2.868
16,887
Support
costs
2023
Total
funds
2023
Direct costs
2023
Charitable funding
13.023
1,800
14,823
Analysis of direct costs
Charitable
funding
2024
Total
funds
2024
Rates
Building I￿rkS
Light and heat
Telephone
Donations
1,754
332
112
1.754
332
363
363
11.458
11,458
14,019
14.019
Page11

THE BOWKETT FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Analysis of expenditure by actlvllles (Continued)
Analysls of direct Costs Icontinued)
Charitable
funding
2023
Total
funds
2023
Rates
Light and heat
Telephone
Donations
1,672
1,616
289
1,672
1,616
289
13.023
13,023
Analysig of support costs
Charitable
funding
2024
Total
funds
2024
Accountsncy fees
2,868
2,868
Charitable
funding
2023
Total
funds
2023
Accountancy fees
1,800
1,800
Independent examinar's remuneration
2024
2023
Fees payable to the charity5 independent examiner for the independent
examination of the charrtls annual accounts
480
Page 12

THE BOWKErr FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Tnjstees, vemunerdtion and èxpenses
During the year. no Trustees received any remuneration or other benefrts (2023- £NIL).
During the year ended 5 April 2024. no Trustee expenses have been inojrred (2023 - £NIL).
Inveslment property
Freehold
investment
proporty
Valuation
At 6 April 2023
400,000
At 5 April 2024
400.000
The 2024 valuations V￿re made by the Trustees. on an open marf(et value for existing use basis.
10. Fixed asset investments
Listed
Investments
Cost or valuation
At 6 April 2023
Revaluation5
448.290
(22,448)
At 5 April 2024
42S,841
Net book value
At 5 April 2024
425.841
At 5 April 2023
448,290
Page 13

THE BOWKETT FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
11. Creditors: Amounts falllng due within one year
2024
2023
(Xher creditors
Accfuals and deferred income
4,184
2,495
4,184
3,229
6,679
7,413
12. Statement of funds
statement of ￿ndS - curront year
Balance at 6
Aprm 2023
Galnsl Balance al 5
(Losses) Aprll 2024
Income Expendityre
Unrestricted funds
General Funds - all funds
1.193.436
26.378
117,584)
(22,448) 1,179,782
Slatement of funds - prlor year
Balance at
6 April 2022
Gainsl Balance at
(Losses) 5 April 2023
Incorne Expenditure
Unrestricted furHts
General Funds- all funds
1,184,874
16,022
(15.392)
7,932
1.193,436
Page 14