CHARITY NUAIBER 1162897 Bowman Fund THE 1815 CHARrrABLE INCORPORATED ORGANISATIOII "THE BOWMAN FUND. ANNUAL REpoirr AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PAARCH 2021
THE 1815 CHARrrABLE INCORPORATED ORGANkSATION COKTENTS PAGE YEAR ENDED 31 MARCH 2021 CONTEKrs PAGE General information Amnual report ofthe Tntstees Indedent Exami$ rewrt to the Trtst88S Stslement of financial aCtsbeS Balan sheet Notes to the finanaaj statenwnts 9-11
THE 1815 CHARABLE INCORPORATED ORGANISATJON GENERAL INFORMATION Regislered Charlty n The 1815 Charttable 1rNxled Organisation, also known as Yhe BowTh8n Fu Charity numbèr 1162897 Principal address 3 Tha Gaid8ns Esher Surrey r108QF D BrocWebank- Chairn)an D aark- Independ8nt Twstee D Foster- Irependent Trustee N Perks- Indèpendent Trustee E Ter- Ind8pendant Trustee J Keel- lThYependent Trustee- appointad 29109120 P Parker - Nominat&l Trustee K Ardakov- Nomina Trustse Independ•nt Examln•r Jackne Crouch JCA Accountar l*rnl View gb Hurst Road Miword on Sea Hampshire S041 OPY 8ank•Ys Bar¢]8ys Bank FY¢ 4th Fkw)r ReadirwJ RG1 IAX W•bslt• Emall addr• manfuThJ.o
THE 1815 CHARtrABLE INCORPORATED ORGANISATION ANNUAL REPORT OF THE TRUSTEES YEAR ENDED 31 PAARCH 2021 The Twslees are plgased to present the Annual Re[t and Finanaal Statem&nts for The 1815 Charitsble Incorpryated Organisation Ivffjrkirg namg Thè B(ywman FLtThJI {h8reinafter referred to as 'T Fun(r or Tr CIO'I for The Fund's finan(aal year •nded 31# Mareh 2021. REFERENCE AND ADMINISTRATIVE DEfAILS Reference and administratsve detads are shcmn ui thè SChUl0 of general information on e 1 of the ancal statements. THE TRUSTEES The Trustees who serv1 the Charity during year arè shown on pag& 1. STRLICTURE. GOVERNANCE AIID MANAGEMENT Structurè The Fijnd is organised as a Charitab incorFmle(J (aniS8"0n and 15 E¥)vam8d by a Constitution, last amended on 21 May 2015. The ConstrtutK)n adopts a fourKl8tion rnod81 means th8 only voting Memb8 are the trustees. The Fund was registefl 88 a charity in EngL3nd and Wa18$ by The Charity Ctynmission under charity number 1162897 (m 29th Juty 2015. Truste•s- Governancè and Management Thère are tsyo categories of trustée: 1. indtrndent trustees. who are drawn from aumni OfBraSeno Cologe Boat cb. being: Mr Danid BrOc•banK (Chairman)" b. Mr David Clark., c. Mr David Foster d. Ms Natasha Perks Ms Emily Tench Mr Joseph Kael (apinted W Swember 20201; and 2. the nominated trustees, who have been rminated by Brasenosè CrAlege. Oxlord, being: Mr Philip Park8r. and b. Mr K Ardakov Mr Parker and Mr Ardakov aL80 sgNes as trustees ofthe registered charity number 1143447- The lQng's Hall and College of Brasenosè. Oxford. ConstitulK>n pyovidès that there shall not be ths than three independant trust9es and no nY)ra than nominated trustees at any gwen time. Other than the first trustègs, trustees are aprKJinted for a term of thrae years and may b8 eligible for reappointML The Fund actively encourages and ks to invite interested rsonS to join Th6 CIO as trustees andlor as vclunteers. On aptK)inlment, èach new Irustee i% prov•Yed wtth a ¢xwy of the Conslitutkjn. financial information, trustee minutgs 8nd a p8d( summarising aJ and regulatory obligatK)ns as wblished by The Charity Commission. Trustee meetings are held regularly and. al leasL three tim&8 a year. The trustees manage the affairs of The Fun(r in accordance wkh Ihe objectiv&s and wwer5 set out in thg ConstitUOn. Truslees reguLqrfy nSider financial matters atvj rewew the risks to whrth the charity 1$ exposed to ensure aPPTopriats contr(As we in Ple. Rl$k manag•m•fit The Trustees h8ve a duty to identsfy and review thè risks to whith th8 Charity is exposed and to ensure apwtspriate controls are in lo p¥ovidè rgaswble assurnw against fraud and wM)r. The Trustees have implemented a rtsk management strat&Jy whith comprises.. an annual review ofthe fisks whth Chartty may face the establishment of systems a1 proc&Jures to mitvJate th¢)s8 rBks whth indude the approval of all purchase invoices by a Trustee prh)r to paymgnt the imF4emental'on of prctedurEs designed to minimise any F(Igntial impa( of Ihe risks on the Charty should any of those materialise.
THE 1815 CHARifABLE INCORPORATED ORGANISATION ANNUAL REPORT OF THE TRUSTEES YEAR EIIDED 31 IAARCH 2021 OBJECTNES AND ACTivmES Oblectiv¢$ The CIO'8 Obj¥6$ are.. 70 fao"litate particlpatkn in lJ8811ty creat and the fijrtherance of education St Oxford Unrrfersty thmtjgh pntIOn of the swfs of rowing. tsIng and coxing at all lovels of abil and tS&brtY (as su¢h sports maydeveh)p Overtin) at se&Se Collty8, Oxfrf. Throughout Ihe financi peri)d. the CIO'S activknès have en (xjnsistent wtth these objectives and the CIO continues to enjoy 9¢ rplations with 8ra5erKJss Cole, Oxf (registered charity nun7ber 11434471 Yhg College". A¢tlvitlès: Mèetings 1 trustee meetlng was held during the yoar in a¢libtM to the CIO'S AGM whith was held on 10 December 2020. The BNCBC SteeriTrJ C(mmittee 10 ts r¥mal tA.nu sch8duk aThY the trusi68S W8re reprtS8nteAI att)Se rneetS by Ernity Tench aTvJ Dan 8rrKAleLHnL DWISOn9 centr8d on how to help BNCBC re-start 8thes wh8n pwrnitt8d, updates to ov8rall BNCBC Strat aThJ finanLyal an in Iyht ofth8 ¢ha118nges prts•J by COVltk19. aTrd tÉt BNCBC can al• fmrd. Mattèrs under eon$ideration The year was (kjminated by the drastic curtai1Th of all fomis of acaivlty at Tho Cdlege In th& f8¢0 of the Covid-19 pandem. The trustees di8cLwd the impact of the Covk19 pandem on The Ccdlege and BNCBC al meellngs during the year. H¢)wever, very Iitue rowing acb'vity pemirtted during the year. the club's capital programm8 Was put on pause and there were rKJ funding requests to C(M)SKl8r. As a result. thère was very litde tr) t1k8CLti8S in Fyactice. The BNCBC Steering Committee continued to ffel on its n(Krn biannual sch&lule and the trustees wgre represènted at thc6e M&ètir by Emty Tenth and Dan Brcdjebank. Discu88ions centred h¢)W to help 8NCBC r8-stsrt actiVitS when rmitted. Donatlons Thè tnjslees remain extremety gratsful for the Joing supprKi of various Brasenose Co11Je alumni who have shown thèir continued financial Support of the enLknvment fund 8¥tablished by the CIO sin charitable registration in Juty 2015. During the financaal year alumni havè mwle new pladgès to support the fund and have converted wi(x pledges Into wh. Cash dOnatiOr Tlved. bgforo Gift d. durlry th8 year arrK)unted to approximatdy £10,orxi. A5 at 31 March 2021. thg CIO hdd total Ul ets valued at app¥oximat8ty £296,62S, comprising Equty Investments £275.500 Cash (GBP) £21.OC Gfft Aid Rewverable £125 NolwithstaNlityJ the fundraisiNJ thLL8 far. tha CIO is 8L#Ndy seeking fijrther donations to build the endow7nent fund lo a svze that offw5 a Sustainab Irmg-tern) funding solubon for al aspects of rowtng at Th¢ College.
THE 1815 CHARtrABLE INCORPORATED ORGANISATION ANNUAL REPORT OF THE TRUSTEES YEAR EMDED 31 IAARCH 2021 In apprèciatv)n of dors, gènerosity and the shared slon for The CIO'S otyeLXNes. donors have been recOgnk8j (Jn The Rdl of Honcmjr on The Fund's website htt '.Ilwww.thebowmanfu d.or don rolkof-honour.html. Furttr infomiation about thnating can be obtained from The FU1'S websile www.lh man Grant4nking Therè were no matsrial grants made during th8 year. The trustees continue to aim to Othe 8wment fijnd to aChti lonTrtem) financial security. However the trustees wll continue to nSider on an ongoing tSiS the case for any grants requésted that are consistent with th• tharitys (i8ctsves and BNCBC'S LwTw Strategic Flan. Publle Benefft The objectives of the d)arity seek to improve atxe55 to the sput of ng aNI connected aclivthes at all levels and abrlittes al BRserThe c(ge in a n-dIsCrimInat0ry and fully4ndusrve way. Thg arlty aims to incukata princI&S of good character. loyaKy, di8cÉpline and a sènse of pOnsibility In students through the partscipatiw in sports ar to promote tha partiThpatKn in spmxts more generally for the public nefft. In exercising their duties. the trustees have referred to and hav8 had due re9ard lo The Charity Commission UUKlan¢e on public ben8fL The trust88s nf1m7 th8t they gwe careful considératk)n to ensuring that The CIO'S actsvil sab SLKh gLkidance. The Charity has rLJmplie(I with Seca 17151 of the 2011 Charibes Act to have due regard to the guidance published by the CharitYè5 Commisswjn. ACHIEVEMENTS AND PERFORMANCE The Fund's Financial Statements present ts fcmjrth lmj of operatKN) up to 3111 Mar¢h 2021. In the peri. the charity generated a grc6s Incm, including A•J. of £17,327, which, after taking into Csidr3t1On account administration and threcl cttsts. 83 weN as movements in the valL* of inv8strnents and n-GBP cash hc4Jings generat a net incLrn of£14,654. Donated Sorvlc•s At this stage the charlty k8 not in recapt (rfsny sefvkes orfacalths and has not r8c8wl any gifts in nd. Plans for Future Yws The Trustees intend to ntinue to invest the mOnS donated to the Charity to enable them to apply the fubJre investment irwme to the fvrtherance ofthe Chan"ty's obitiVes. R•8•rves Polley The trustses have (x)nsidered t requirements f(Y rese8$ foy the charity and are awarg ofthe need to conlinualty monrtor resgNes. In deciding UFon The Fund's investrnenl polw, the trustees have dwded that cash balances of at kast fj Montr expenditure shall be maintained at all time5. The Iwste8s b81ieve thatlhe CIO has adequate resourc to Tr1 rb requirements for the fores89oble fvtura. The ¢harity no debt or otrllgations oltsta at year and cf al the date of this R#pNL FINANCIAL REVIEW The Charity is wèll tdaced to m8ke carefulty (#)n8idergJ Investments for thè generabon of future incomg.
THE 1815 CHARITABLE IPKORPORATED ORGAMSATI¢X4 ANNUAL REPORT OF THE TRUSTEES STATEMEKf OF TRUSTEEV RE8FNsIBlullEs Th¢ CTt Act 2011 r8]uns th8 twstees to prewe finwl staturents fcr eath finarti&ly8ar whh gNe a Iruè and fair viv ofthe claffairs ol the chwity amt clth8 incomin9 iesoLKr8 8nd application of resource5. in¢ludirKJ wicorr and 0xjitUrO. the chity forthat p. In Mwring theBe Statrnftts, the trust89s ao rewirJ to". accuracy at any tine the ffinancHI th0n oftha charity them to sure that the staternents cc¥npty wilh The Charibes Ac# 2011. Tlw ai• rw#)tf0r suardin9 and otlw irreguknknes. anci INfwENDEiif EXAIIMER at the AGM to be heid Nonbel 2021. Jod 31* March 2021. Soned their bghallty. Ch&rwrwn
THE 1815 CHARITABLE INCORPORATED ORGANISATION STATEMEKf OF FINANCIAL ACTIVTllES FOR ThE YEAR ENDED 31 MARCH 2021 Report to the tru¥lees of The 1815 Charitabb Inojrporth ¢NganLqaiion Chanty Number 1162897 On accounts for Ihe ygar andod 31 March 2021 Set out P8ges 7t011 Respective responsibllltlos The chanty'8 trlteeS aro respcYtsibl• for the pr8pw8tion ofthe a¢counts. The ch8rty'8 oftru8tee$ and examiner trustees cSJer thai an aL#1it Is not required forthis year lunrtèr section 144121 of the Charities Act 2011 (the 2011 Act) and that an dep8]ent examination Is ne&Jed. 11 is my responsibilty lo examine the acwjnts under 145 of the 2011 A¢( to fomow the prcedUS laid in the general Diredions given by the iity Commission undar secti¢x¢ 145(5Mbl of the 2011 Act, and to state whether Wtiojlar matters have com8 to my attent. B¥$ls of Indopgndent examinerfs stat•m•nl examination was carrth (t in ac(x)rdance gtrneral Directions glvon by the Chanty CoMmBsn. An examtn8tion indudes a revw of the aco)unting records kèpl by the charity and a Compar0 of the attouits presented wrth those records.118lso iThludes csiderat)n of any unusual itams or disclosurns in the accounts Bnd seeklng explanalJnS from the trusteas ¢x)nmIng any sh matters. Thè procedures urKl¢rtaken do not provide all the eVwjen that WOU be required in an aLwJit, and consequenlly no on)n is given as to whether the a¢o)unts present a true an¢J fair ev/ arKJ the rwrt is limited to ttsjse matters set cxrt in the ststement b81ow. Independent exarnSn•rf$ statement In conne¢lv)n wlih my examinaticffl. rK) matter has o)rre to my attention: vthtch gives me reasonable czuse to befve that. in any material r8spert the requirements.. to keep aCin11J rgcixds in nIance secb.on 130 ofthe 2011 Act.. aTrJ to Prepa accounts whth accord with the accounting Tecords atMI compty with tho applicabla rwuirements conc*ming the fomi and ntent of accounts set out in the Charibes IAtxxNJnts and Repths) Regulations 2008 other than any requirement that the aniS give a 'true and farf which is not 8 matter nsider1 8$ part of an indepen1 examrnalKJn. have not teen m8t" or 121 to vthich, in my opinion. attenn should be drawn in ordèr to én8ble proper undarstsnding of the a¢Unts to be r8achèd. Slgnè Namo Crtyjth Relevant profesSKal qualification or body AAT Tho notss on pago5 9 to 11 forni ofthM•fiMneial statements.
THE 1815 CHARrrABLE INCORPORATED ORGANISATION STATEMENT OF FINANCIAL ACTivmES FOR ThE YEAR ENOED 31 MARCH 2021 2021 Tglal Funds 2020 Total Funds Funds INCOME Donations arKI legac Investment income 10,579 6.748 10,579 6,748 22,282 9.456 TOTAL INCOME 17.327 17.327 31.738 EXPENDITURE charitab act6vthe 2.673 2.673 1.185 TOTAL EXPENDrruRE 2.673 2.673 1.185 NET INCOME 14.654 14,654 30,553 Gainslllossesl on inveslmgrrts 42.757 42,757 157.0131 RECONCILIATION OF FUNDS Total funds brought fcfivard 10 238.724 238,724 265,184 TOTAL FUNDS CARRIED FORWARD 10 296.135 296.135 238,724 The Statement of Finarvial ACtN[S indudes all gains aTrJ10&8es in the year and therefore a statement of (x)mprehensive inccffne has not been prepared. l of the atxwe reLqte to (xiffjinuing ath"viiies. Th• not•5 Oft pageB g to 11 forni port ofthos• Ilmnclal statamorts.
31 MARCH 2021 FIXED ASSETS 275.754 CURRENT ASSETS Cash at hwwj 10 125 20,978 21.101 i 4S,88B 46.447 CREtXTORS: Anxwjnts falliNJ du8tAhm 01 ye 11 IIEf CURREKf ASSETS 20,381 ,145.727 NET ASSETS .135 .724 FUNDS 12 2.13$ k38.724 TOTAL FUNDS l as8•tS oThJ 1k4b1$ rd* to unrestrKled NovvAnber2021 and are sign&1 C tsir b&Tty. Ch8irrrAn
THE 1815 CHARrrABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 ACCOUNTING POUCIES Statament of compliance The finanrAal statements hav8 been in 8¢WTdance WTth Accounting and Reporting by Charia"es.' Statemeffl of Recx)mmended Praclicè applicablè to chartb•s preparing their acc4)unts in accordance with the Finarrial ReportiThJ StaTrJard 8pplicabb in Ihe UK and Rwublic of Ireland IFRS 1021 leff8the 1 January 20151- (Charities SORP IFRS 10211. th8 Financial RaportiThJ St8TrJard applicabte In the UK 8nd Rewblic of Ire18nd {FRS 102) and the Charlies Act 2011. Basis of pr•paration The 1815 Charitsble Incorporaled OrganBat)n TTteets the deffnitson of a publ1¢ benefrt enllty under FRS 102. Assets arxj liabilities are inrtwlty rgo)gnised at historical o)st cf transaction value unless otherwise stsled in rekvatt a¢xounting kNJlry notss. Golng ¢oncem The Truslees cOder that there we Matèri uncrtainties atrtmrt Ihe Ch8riV3 ability to continue as a going nrn. In¢om• and ¢ndoThnts DOnalnS, invesbment an(F Ten181 incorne Bre recwised on a rable ba8. Fund aeeavnting Unrostricted funds cn be us8d in aCthnr wth the obiectNes al the disr4etbn of the Trustees. Wherè reslrict8d funds are wived, Ih8y can onty be used for pathular restricted purposes within the objects of the Charity. Restrictions arise wh8n $ffied by the donor or wlwn funds arè raised for paiticular r&%trid&l purpow. Forelgn •x¢hang• Transactions denominated in forewJn ¢urrencw are trasEate In sterfiThJ and recorded at the rdte of exchange ruling 8t the date of thg transaction. Balancgs at the year end denominated in a foreign ¢urrertcy aro Iranskied Into slerfing 81 the rate of exchange at the year end date. Fid asset Inv•stments Fixed assèt investments, othor than pn)gramme rdated inv>ments. are induded at marf(ot V81uè at the balance sheet date. Realis1 gairts a1 kjssas on investments arè ¢alcAJlated BS the differenr8 bets¥ sales proce&1s arKI their market value at the stsrt of the yaar. or their subsequenl cost. and 8re charged or crgdited to tho Statem&nt of Financ1 Acbviti98 in the pericKI of dlsposal. Unr8alL8ed gains and Ic6ses ret tha movement in m8fket values duriru the year and are ¢re(lited or charged to the Stslement of Finan(aal Acbvrties based on the market value at the year end. Taxation The Ch8rity ex8nwtfrom tax on rfs charrtabje bthes. Value Addod Tax Valug Added Tax is not recoverable by the Charity as sud) is indud8d In tho relevant costs in the statenI of Fina181 A(INes. DONATIONS AND LEGACIES Total Funds Totsl Funds 2021 2020 DonatDns re¢eNed 10.579 22.282
THE 1815 CHARtrABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 PAARCH 2021 INVESTMEKf INCOME Totsl Funds Totsl Funds 2021 2020 Div*nds Cet¥ed 6.748 EXPENDITURE ON CHARITABLE ACTivmES 2021 2020 Support Costs: Donations ma(Sa Bank ¢harges Foreign exchange10&3 Iprofftl Total 78 627 1.952 £1,953 £705 Governance cts (see note S) Totsl Charftable ActlvltS•s 720 £2.673 £1,185 Profit110&sesl arose on rtaIn (ati(s that were retwgJ in USS.Th85e profitsl {lossesl presont thè diffwence batW8en the amount in sleding on th¢ date of receipt and when cDnverted into sterfiThJ. Al 31 March 2021 Ihe balance of USS balancw was nd12020: $22,98n. Profrts i Ilossesl in the prior year were ¢xlcuL4ted by translatiThJ the don9 bal8n¢e at tho prevailing rate of exthatw at the eThJ of the &(yJunling year. GOVERNANCE cosrs Total Funds Totsl Funds 2021 2020 Ind8ndent examinalM)n & ac£ounlaw 198s12020 indudes prior year adjustment) 720 NET INCOMING RESOURCES FOR THE YEAR Thys is slaled ar d)8rging: 2021 2020 Independent examin8lM)n fee for the firwjcial ststements STAFF COSTS AND EMOLUMENTS There were Tr) ernFtyees during the year. TRUSTEES. AND KEY PWIAGEMENT REMUNERATION AND BENEFITS The TTUStees (who are nsIdered to r•pr8sent the key mangJement of the Charity) Bll give freely their time and eX1]se wtthwl any fomi of mUneral or any other fm of benefrt in (xsh or in kind. Th$re was rKJ Trustees. rsrnunerat•)n nor other ben8fits for the year ended 31 March 2021. 10-
THE 1815 CHARifABLE INCORPORATED ORGANISATJON IIOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 There *pre no Trustsas, expenses paKI for tha y88r ended 31 March 2021. FIXED ASSEf INVESTMENTS 2021 2020 Cost or Valuatlon Al 1 April 2020 A(IdilKJns Revaluation 192.997 40.000 42.757 140.010 110,CQO 157,0131 £192,997 N8t book valua al 31 March 2021 £275.754 10. DEBTORS 2021 2020 Gift refund due 125 559 £125 £559 11. CREDThORS." Amounts falling due wilhn on8 year 2021 20ZO Awual. Independent Examinerfs fees - Accountancy & tax fees 600 120 120 £720 £720 12. UNRESTRICTED INCOME FUNDS BOnCe at 1 InmIng Aprll 2020 r•sour¢es Outgoing r•soure•s Balan¢• at 31 Mar 2021 Gener81 Funds 238,724 60,084 (2.673) 296.135 13. POST BALANCE SHEET EVEls There have been no events suLwuent to 31 Marth 2021 WWI would wuire disdosure in or adju8lment to these actounts. f 1