Charity number- 1172919
THE GOWER SOCIETY
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE GOWER SOCIETY
CONTENTS
Page
Reference and Administrative Details of the Charity. its Trustees and Advisers
Chairman'5 Statement
TrUSt￿s. Rèport
3- 11
Trust•8s' Responsibilities Ststement
Independent Examlnerfs Report
Stat•m•nt of Flnanclal ActSvltl•$
12
13
14
Balanc• Sheel
15
Notès to thè Flnanclal St*t•m•nts
16-28

THE GOWER SOCIETY
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
G ap.Gwenl
J E Burgess
Dr P J Padley {resigned 20 May 20231
GRHowe
R l Bevan-jones
T R M Methuen-Campb&ll
J V Tucker
M E Ridqe
V S Batcup Iresw4ne(120 May 20231
J M¢Lellan
R Ridge lappoinled 20 M8y 20231
W Davies lappointed 20 May 20231
Charity register•d
number
1172919
PrSnclpal offSc•
4 Longlields
Belhany Lane
West Cross
Swansea
SA3 SUB
Accountants
MHA
Chartsred Accountsnts
MHA Hous8
Charter Court
Swansea Enterprise Park
Swansea
SA7 9FS
Page 1

THE GOWER SOCIETY
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023
2023 was an important landmark in The Gower Society's hislory. being the 75th anniversary of ils foundation.
Celebrations began 75 years to the day of the Society's first public meeting, when members made a pilgrimage
trek to the Founders, Stone on Port Eynon Head., and on the same day our President gave an inspiring lecture
in Swansea Museum lthe RISW, our original 'home'l. Reflecting the historical and landscape interests ol our
founders, the ScKiety sponsored a historical map of Swansea and Mumbles as well as a members,
Iree-planting project. There were other public and private events throughout the year involving every section of
the Society, including 8 very 5uc¢esslul s¢h(KJls' art. photography and poety competition. Unfortunately, the
results of the competition could not be Shown as planned at the Gower Show bec8us8 adverse weather forced
the ¢an¢ellation of the show. All these aclivities are part of our aim of encouraging an awarèness and
appreciation of Gower and getting more people caring for and involved in the prolection and enhancement of
our natural, historical and buili environment.
While the workl returned lo nomalily lor some semblance ol ill. during 2023, Ihe financial world continued lo
experience considerablè volalilily. The S￿Iety's finances are not immune from thgse economic factors, but our
funds have stwd up well and we have been able to continue to support Gower and the Society s activities as
strongly as ever.
The Iruslees, role is lo oversee the overall lun¢tKJning of the Society and, particularly. lo manage its finances.
This is a role wè tak8 vgry seriousty, having a Chartered A¢counlanl as our Treasurer, lone of three accountant
Irusle9s1, an Indepèndenl Financial Adviser and two Investment Portlolio Managers. Other trustBes havè long
experience in business or in public service management rdes. In 2023 we began working with our new IFA,
considering our overall policy and our investsnenl strategy, one result ol which ha5 been to consolidate some of
our mlnor investments into our two major inveslmenl funds.
During the year, we revised and updated our Financial Procedures Manual. We wrote and adopted new policies
on Health and Safely. Equal Opportunities. Safeguarding and Volunteering. We also began a review of the
Society's constitution lo remove some inconsislences, anomalies and omissions. Thes& will be brought lo
members for their approval al the AGM in May 2024.
At the AGM on 201h May 2023, Peler Padley and Stuart Batcup retired as trustees. Malcolm Ridge was
re-elected as Chair and Wyn Davies and Rulh Ridge were elected as trustees for a period of th￿e years. Wyn
Davies has long and varièd experi8ncg as a Charity trustee and Ruth Ridge has bg8n active wrth the Sociaty for
almost 40 years, as a commrttee member Inearfy half that lime as Hon. Secreiaryl and, amongst other roles,
membership secrelary, acting iTeasurer. archivist, edilor and auihor.
The Main Committee continues to bg as busy as evgr. Its membgrs come from all parts of Gower. including
from Swansea and 'upland Gower,. While a lot of activity is, of necessity, concentrated on the peninsula, thè
committee has a regular updaie Irom its Mawr member. and ihe Society has a long history ol supporting the
communities of Mawr. Our Folk Dancing group is semi-autonomous, but provides a very popular and valuable
Social acliwty for our members, as well as keeping the Gower Reel alive!
75 years is a notsble landmark, but 15 only one more step lo the future. We are confident that we are in a strong
sition to continue to cary on our work lor very many mor8 years to Come." and to advan¢0 thg ideas and
ideals that were set out for us in 1948 and enshrined in our constitulion.
The Gower Society and Gower owe a great debt lo the continuing work, time and effort pul in by the Tru5tee5,
the Main Committee, the sub-¢x>mmittees and the many others who are on none of these, but still work
diligently wth us.
Thank you all. Dh)Ich yn fawr lawn i chi gyd.
Malcolm Ridge, Chairman of the B<>ard of Trustees
April 2024
Page 2

THE GOWER SOCIETY
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report with the fin8nci815tstements of the charity for the year ended 31 December
2023. The Irustges have adopted the wovisions of A¢¢ounting and Reporting by Charities". Slatemtrnl of
Recommended Pra¢ti¢e applicable to charities preparing Iheir a¢¢ounts in a¢¢ordan¢e with the Financial
Reporting Standard applicable in the UK and Republic of Irdand IFRS 1021 (elleclive 1 January 20191.
OBJECnVES AND ACTIVITIES
Oblo¢tlv*$ and aims
The Society's objectives are for thè public benèfit. as required by the Charities Acl 2011, and are focussed on
the encouragement of an appreciation and love of the Lordship of Gower and the preservation and promotion
of its character, traditions. countryside and architecture, as wdl as its amenities. The objectives are set out in
lull in Ihtr Conslilulion which is on the Society's websile and for the public btrnefil artr..
lal To promote the preservabon. conservation and enhancement of the physical and natural environment
of the area known as Gower by promoting..
The natural beauty of Gower-
The preSeN8t￿n, protgction and develowienl. improvement and carg ol the land. buildings,
antiquities, architecture. traditions and featur8s of the hisioric or public interest.,
High stsnllards of planning in, t¥ affecting, Gower..
The encourag8mgnt of the inhabitanis of Gower and the surrounding arga and the public at larg8 to
lake an actsve interest in the enjoyment and protection of Gower arKI its heritage.
Ibl
To promote and further the study and recording of Gowèrfs antsquiliès, Iradilions, history, geography
and natur81 history and lo further Ihe education of the public in ￿SpeCt of Ihg same, and
Icl
To preserve, prolect and promote righis of way and access lo Gowerfs open spaces.
Publle ￿n•11t
In compliance wi¢h their duly under seclion 17151 of the Charilies Act 2011, the Trustees have had due regard
lo the guidance published by Ihe Charity Commission regarding Publ￿ benefit and they and the Society are
ever Tnindful of the legal requirement Ihal its purposes, i.e. its objects, musl be for the public benefit pursuant
to thg Act, so that th8 Ptjblic, whether I￿1. national or intemational. and membgrs and non-members of the
Soci8ty b8nèfit 98n8rally.
Charitsble acti¥itie5
The Society promotes and protects Gower, n8mely the Lordship of Gower that indudes, but extends beyond,
the ar8a that was designated for its natural ￿auty in 1956.
In furtheran￿ of its aims, the Society carries oul arKI organises a variety of pursuits ar￿ activities including
participating in the work of the Local Aulhorty. restK>nding lo ¢xbnsultalions, scrulini5ing applications for
planning parmission lor devèlopmènt, giving finanaal assistsnce to l(Kal (* Community projècts and caus8S,
organising outdoor adivities for the young, leading walks, helping to maintain rights of way and pathways,
issuing publicalions, organising folk dancing and a￿angIng talks. all relevant to the Lordship of Gower. Its
monthly talks have been revived post-covid and are a Wel￿attended and valuable part of our activities.
Page 3

THE GOWER SOCIETY
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
OBJECnVES AND ACTivrriES, continued
CommunA¢alions
The strategy for the communications team is to capture. cLJmmunicale and spread the word on all that the
Society has undertaken and to promote the aims and objectives of Ihe 'Guardian' of this beautiful place. During
the year. the events, calendar, photographs and commentaries have been added lo our website. from the
launch of the 75th Celebrations on 7th January through to the wonderful lunch al thg King Arthur. as well as the
key events and special talks thal culminated in our book launch and the sponsorship of a wonderfully produced
and annotated map of Swansea as it was 100 years ago. The design and creation of a new webpa9e for the
Green Team section on the main Gower Society website highlights what the team offers. and provides a strong
branding,. Ihtr ngw Green Team l¢yJo is displayed on a feather flag at all Green Team events.
Our continued association with the Busin8ss StLKlies Student Interns at Swansea University has brought three
exceptional students who helped bring our followers on Instagram up to 1,979, with 9,700 hits., and on
Facebook, 1,601 followers with 7.300 hf(s in the last three months of the year. This encourages a younger
audience lo be in touch with what our Society represents,. il shows more women aged 35-44 On Instagram and
aged 45-54 on Facebook. Membership Is also boosted by the ever-changing features displayed on our website.,
membership is a continual growth area and stands at 1537 aclive members at the time of reporting.
In a(idilion to the inlomalion on the website. members receive an attractNo and informative newsletter ￿le8 a
yèar and updating emails for t￿lse who havg agreed to a¢¢epl Ihis fomi of ￿MmunI￿tion.
Grenls and projects
Throughout is history, the s￿Iety has given grants lo suwx)rt 8 wide range of activities in Gower. With
increasgd assets over recgnt years, wg have begn ablg lo give morg and larger grants to organisation$ in Ihg
lordship.
Projects differ in that they are initiated by Ihe Society, som8times in collaboration with other organisalions.
Gower Society Youth has a separale bvdgel for grants lo scho(As. The paymeni of grant and project money is
often later, sometimes two lo three years later, than the year in whi¢h il was approved. During 2023, the
following paymenls,¢olalling £33,928, We￿ made..
Swansea Canal Sociely for restoration of th8 Clydach lock
Mumbles Development Trust for ihe update of PK)siers al Mumbles Railway Blackpill junction
Historic Towns Trust for creation of swan￿ and Mum14as 1919 map
Tadorna for Little Hill rewilding
Dunvant Male Choir for Young Singer of the Year 2022 and 2023
Gower Music Fests'val for produclion ol Ihe programme
South Gower Partnership lor community bus
Wesl Gower Ploughing for annual ploughing Competilion
CCS for repair to damage at Bishops Wood Centre
Swansea Philharmonic Choir for production of programmes
Oxwich Bird Ringing for annual sur
Mawr CCC for Felindre roof survey
Gower Walking Festival for urxjating website
Penmaen Village Hall for drainage repairs
Drystone walling project (with SCC and National Trust
Gowerton Cricket Club pavilion project (with the Clubl
Grants agreed, but as yet unpaid. amount lo a further £40,000.
Page 4

THE GOWER SOCIETY
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
OBJECnVES AND ACTIVITIES, continued
Green Team
In 2023, the Green Team significantty expanded its initiatives. established intemal structures with a new
presence on the website. ils own email wjdress and an event registration portal. It took part in the Big
Mumbles Sea Hive painting. It 8rrange¢J for Teifion Davies, the head gardener of Clyne Gardens, lo lead a
guidgd lour of the gardgns and hg alsolgd a lungal foray in Clyne Valley WocKls. Additionally, htr facilitatgd an
opportunity for the Society and the Green Team to promote Iheir aclivibes dLJring a weekend in May by
offering access to a marquee in Clyne Gardens. Joan Darbyshire led Iwo botanical walks in the Port Eynon
area and Matt Carroll conducted a 'water and wildlife. tour of the Lliw Reservoir. The team actively participated
in th8 City Nature Chall8nge 2023 Swansga. gxploring Mill Wo(Kl with Neil Barry.
Displaying a commitment to heritage-skill$' trainiro. Iho Green Team initiated a half-day willow w&aving
course organiz8d by Liz Roblin. which was popular wilh parti¢ipants. With plans lo expand the programme,
the team aims to provide Valuab￿ skills. training for Gower Society members in the coming yèar. Two
dedicated litter-picking champions, Anne Callaway and Maddie Davies, successfully organized six events
throughout the year. Beyond collecting over 50 bags of litter, these 8vents setved as opportunities for
engaging with the public and promoting awareness aboul the Gower Society. In October, Joan Darbyshire
assumed the role of the Green Team's chair, marking a leadership transiti(￿ and ensuring the continuity of the
team's development.
Planning
Firstly we must thank Robin Kirby and Peter Padley who relired from (he committee after considerable years of
service. Secondly we welcome four new n￿Mbers.. Chrisline Lloyd, Cody Bates, Michael Craler and Robin
P9arson. This brings our aclivg number back up to 9, nol induding our Secretary Sarah Samugl.
The main issues in 2023 were lh8 lack of enforcement, arKI even protection of ihe AON8 itself. Regrettably we
have used expression5 like 'lhe management ol the Gower AONB is broken.. During the last year we havè hèld
meetings with Mark Wade. Director ol Place who has planning and the AONB in his portfolio. Mtrmbers have
also held meelings with senior members of the National Associalion of AONBS lo requtssl Ihtrir advice as Io
how we go about PtJrsuing cornplaints on such mattèrs. The NAAONB has also raised issuès wrth Julig Jamgs
a Local Member of ihe Senedd and currenlly rninister for Clima(e ChaThJe. She is strongly in favour ol
'partnership' model ol rn8n8gemenl of Ihe AONB. so Ihe eyi51ing govemance arrangefflenls are not going lo
change. We may have 10 step up our inpul lo the AONB A(Ivisory Cofflmittee. NMONB urge us lo keep trying
lo work wf(h CCS. We persist in our efforts but it is difficult, disappointing and lime-consuming.
Our weekly check of all planning applications continues and we have reduced the numbers that we actively
correspond on, concenlraling on the mosl swJnificant applicalions. In the main the CCS make decisions on
routine planning matters that we find reasonable and in accord with the current legislation., it is enforcemenl
which is out of kilter in Gower.
We h8ve been forced lo lake issue with the CCS decision lo allow housing development on part of Clyne
Common (not in the AONB but bordering it) off Cheslnul Avenue, West Cross. We have joined forces with a
local action group, The West Cross Resident Association. A Public Inquiry is planned lin 20241 and we hope to
win support of the OSS and CPRW. Our daims are that the Common is loo diverse and precious to be
obliterated, and that the land offered in rts place 15 not acceptable in eodogical and common terms. An
encouraging rècènt d8cision has been made by thè Planning Inspectorate in refijsing a proposal by the CCS to
create a new cycle way on the adjacenl comr￿￿ land.
Page 5

THE GOWER SOCIETY
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
OBJECnVES AND ACTIVITIES, continued
PublicalAons
With regard to the Committee's work over the year, we have hvo major outputs..
Gower Revisited this publication has b￿n well received and cvrrent sales are in excess of 200 copies. The
general view is that Ihis is a quality publication. presented to a very high standard and reflects well on the
Society.
Gower 74 -the new Publications IJouTnall Committee has managed the production of the Journal for the first
lime this year. It was produced on time and we were pleased that It was so well received.
With pgrmission from the family, we have also reproducèd an amazin9ty detsiled and annotated map of Ihg
ninsula. Created in 1940 by Jim Rees. one of thè original fotlr membèrs ol the Society.
Youth
Th& aim of Gower Society Youth is lo encourage young people residing in or visiting thè lordship of Gow&r, to
understand, appreciate and enhance their natural environment.
This being achieved by..
1. Building up and servicing thg Gowor Society YoLth IGSYI Membership, including= _
Providing 'Gower SrKigty Youth Ould(My Education Acts'vilies, as adV¥￿sed on tho G¢)wer SocietylGSY
W8bsile and social media
Producing and dislribuling publicity ar￿ newsletters about the GSY activities programme
Keeping online contacts with Gower Society Youth members via Facetx)ok and other social medi8
2. Funding sch¢)ol field trips with Dawn Thomas land transport lo thg field trips in cases ol financial hardshipl.
Providing letters to schools lo b8 distributgd to parentslguardians explaining that th8 Gower Soci8ty ha$
provided funding for the field irip
Providing and publicising online lee(Iback on soci81 media aboul s¢h¢y)l field trips
3. Awarding granis, up lo £750. to sch(KJls and other tY9anisatsons that are involved with young ￿0p18. 10
support specific environmental projecis.
4. Field trips.. Schools hav8 been k88n to undertake field trips funded by tha GSY with tha year's funding all
allocated by early July. With more applications being made, furKling was realbcated from the transport funding
lo allow for another six field days. A lolal 0120 differenl schods took part from all over the Lordship, 5 more
than last year, with children's 8ges ranging from Reception to yoar 9. This represents 1500 sluijents, an
incrèasg of 3QO stud9nts from 2022. Due to Ihe ngw curriculum fr)r Wal9$. there has bèan a grèater varièty ol
topics. This has meanl planning lor field trips has been much more time consuming as every r￿Id trip has to be
planned individually with no tsyo field trips being Ihe same.
GSY activities are being well aitended with a range of bcations and topics being explored such as Parc le
Breos exploring the caves and history. Ilslon valley identifying tree5 in winter. Cefn Bryn fishing for newts,
Worms Head working with Gower Seal group lo walch the seals. We also crealed a huge map of Gowèr on
Swansea Bay lor the Gower Society 75th anniversary. The families are very appreciative of the opportunity to
explore Gower and learn skills and lake part in new and varied activities.
S. Project and Transport Grants .' Four sC￿)01S have applied for project grants so far this year but we are
wailing lor some other applic8tK>ns lo be sent in. The project grants were for the development of outdoor
learning and wildlife areas and also lo enable the sch(KJs to grow produ￿ and gardens. Seven schools 8pplied
for and ￿ceiVed transport grants lo go on field lrips.
This report shows the wide variety ol activilies of the Society and the huge commitment of so many volunteers.
Page 6

THE GOWER SOCIETY
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
FINANCIAL REVIEW
Flnan¢lal po$ltlon
The bulk of the Societys income is derived from the funds held with CaZer￿e Capital, Quilter Cheviot, M&G
and a 'life' interest in the Phillip Beynon Trust. the latter being created in 1998 and controlled by HSBC. These
investments have been chosen lor their potential for both capital growth arid income production.
It was pleasing to note thal memtrmship subscriptions it)creased to £17.567, from £16,900 in 2022 and
Publication Sales to £9,494 from £6,150. The Society has a far greater number of followers than members. The
membership subscription is modesl at £20 a year although a proportion of members have not increased their
bank standing order amount from Ihe previous sum despite ￿Ing requested lo do so. Overall income
decreased by £25,773 and èxpenditure by £15,221 in linè wilh budgeted expèctations. The Society's main
expenditure relates to grant and costs assocK3ted with planning decisions. These activities have both been
explained in more details on the previous seclion.
The increase in th8 fixed ass81 investments was £57,342. In 2022 the de￿e&s0 was £294,727. Al the balance
Sheet date, the Society h8ld net ass8t$ 01 £3.102.5￿ of which £2,787.636 w8rg h8ld in long 18rm or
medium-lerm investmgnls.
Prlnclpal fundlng sources
Other than membership Subscript￿n$ and retums on the investments held, the sum of £56,946 was received in
lfjgacies during 2023.
Reserve$ pollcy
The Trustees have taken the decision lo maintsin a relatively high level of investments together wllh 8
subslanlial amount in reserve so that Ihe Society can carry out rts primary mission of 'Guarding Gower lor all its
worth.. To this end, a specific reserves policy was approved by the main commiitee in 2013 and this outlined
strategies for the short, and long lerm in relation to the assets of ihe Soaety. The policy is currently being
reviewed by the board ol Trustees following recent presentalmjns by our fund managers, Quilter Cheviot and
C8zenovtr Capital. With regard lo the Gorvin Fund, the Board resolved a discrtrle further policy, namtsly Ih81'.
'¢apital can b8 applièd to an èxc8ptionalloulstanding rKojeci in furthèrancè of th8 presèrvation, consèrvation
and enhancement of the physical and natural environmenl of ihe Lordship of Gower thal is either111 for the
acquisition of property in which The (knier Society has a legal interesl or121 is enduring.. The late Mrs Gorvin
expressed in her will the wish that the legacy be held for general purtx)ses and her executors have confirmed
agrèèmènt with this policy.
Funds In deflclt
There are no su¢h funds.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Structure
The Society is an in¢orporatgd charity whith had begn rggistsred on thg 9 May 2017 undgr Charity Registered
Number 1172919. The unincorporated charity (number 2583721 has remained in existence in order that any
legacies left to The Gower SOc￿lY in wills by reference to its old charity number be transferred over from the
old to the new charity. This would avoid ihe need for Ihe permission of the Court to apply the legacy for the
tEnefit ol the incorporated charity rather than the risk of the gift lapsing or being paid lo some other charty with
similar objects. Th8 two charities have fomally b8èn link￿ by the Commission not mèraly by thè samè namè,
The Gower Society, but through their objects being identical and the tnjstees of the incortx)rated charity being
the truslees of the old charity.
Page 7

THE GOWER SOCIETY
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT. continued
Gov¥rnan¢•
Until the 20 August 2019, the Society was governed and managed by the officers and Main Committee of the
old charity, bul during that lime. the Committee and the Board of Trustees of the incorporated charity had
approved papers that sel out the matters ￿Seryed for the Board and defined the structure of the Committe8S
of the new incorporated ¢harily and their relationship with the Board. Furthtrr to a provision in thg constitution
of the incorporated charity, the Board inviled the members of the old Main Committee to be members of the
new committee to run the day to day affairs of the Society. They duly ag￿ed and In January 2020 the Board
formally appointed them as ihe members ol the new Main Committee and approved its terms of reference and
thosg of all the sub committees.
The govemance of The Society becam8 vested in Ihe Board of Trustees, who had be8n appointed in previous
general meetings of the Society. They became resp)nsible for regulats'on and control, appointment of the Main
Committee. strategic and budgetary matter5. policies. audit. reporting and monitoring. The offices. namely the
Ch8irm8n, two Vice Chairmen, Secretary and Treasurer, as wtrll as the Iruslees. 8r8 appointed by the
m8mb8rs in th8 Annual Goneral Meeting. The Secr8lary and Tfeasurgr are remuneratod.
The constitution requires there must be at least six irustees, which shall include the officers, and be elected at
the Annual General Meeting to a maximum of 12. Treasvrer has declined trusteeship so lo maintain hi5
independence. Al the beginning of the year, the￿ were eleven Iruslees. Three stèpped down al or before the
AGM in May 2023 anLI three additional were appointed al the AGM.
Managoment
The Society is administered and Mana￿ by the nèw main committee in which are vested the sam&
responsibilities as under the oliy charity. save lor Ihe said govemance matters. These ￿SponSibl1111es include
dealing with grants, considering planning applications and alleged breaches, publications, communicalions and
youth activilies through their respective Sub Committees. The minutes of their meetings are considered by the
Board and vice versa. The Secrelary ol the Society is also secrelary lo Ihe Comrniltees and is remunerated.
The conslilulion ￿qUireS th81 the Committee to which the Trustees may delegate any of their powers or
functions must consist of between 10 and 20 pèrsons. Acliv8 Trust88s may also be Committ88 mèmb8rs,
however the maxirnum number of aclive Trustees sitting on Ihe Committee is limited lo half of the total number
of acts've Trustees. There are currenlly 12 Commitlee members, including 6 Trustees.
Page 8

THE GOWER SOCIETY
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
C¢mmltto*$
As explained above, prK)r to Ihe transfer of assets on Ihe 20 August 2019, Ihe governan￿ and management ol
the Society was vested in the officers and Main Committee of the old unincorporated charity through which the
Society operated.
Th8 Main Committee members who have responsibility lor th8 day-to-day manag8monl of the thg Society's
activities are..
G ap Gwenl Chairman
G Howo Vice Chaiman
S Williams Tr8asurer
S Samuel Secretary
R Callaway Committee member
H Evans Committee member
T Melhuen-campbtsll Committ88 member
J Burggss Committee member
M Dobbins Committee member
E Harris Committee member
J Hellewell Committee member
G Morgan Committee member
H Roberts Committee member
N Barrow Committee member
Sub.Commlttee$
The Committee was assisted in ils administrative work by the lollowing Sub-comm￿&06..
Communications: J Burgess
Youth.. C Jones, J Darbyshire, J Hellewell, J Sherrard-smilh, D Thomas
Planning-. G Howe, G ap Gwent, M Dobbins. G Davifrs. P Burg9s$. T Mothuen Campbo11, S Samugl.
Grants & projects.. G ap Gwenl, G Howe. M Dobbin5, J Hellewell, G Morgan. L Roblin, S Samuel.
Publi¢ations'. R Cooper, H Roberts. M ap Gwgnt, A Dulley. S Samuel. P Douglas-Jones, M Ridgg, R Ridgo. J
Sh8rrard-Smith.
Green Team.. R Callaway, J Burgess, L Roblin. S Samuel. R Ridge. M Ridge, H Roberts, J Darbyshire, J
Hellewell, G ap Gwenl, D Th¢)mas
Group$
The Committee was also assisted by the following groups..
Mgmbership." H Roberts
Website.. J Burgess
Programme." S Samuel Ilalksl, A Clarkson Iwalksl, D Thomas {youlhl, G Birt (folk dancing),
R Probert (compilation of Programme}.
Page 9

THE GOWER SOCIETY
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Board
The Board members of the charity havir¥J responsibility for Ihe govemance of ihe affairs of the Society are..
M E Ridge Chairynan
G R ap Gwenl Vice Chairman
J Btjrgess Vi¢9 Chairman
R l Bevan-Jones Trustee
R Ridge Trustee
G R Howe Trustee
T R M Mglhutrn-campbell Trustee
W Davies Trustee
J V Tucker Trustee
J McLellan Trustee
Rlsk manag•mtnt
The principal risks facgd by Ihfr Socigty lifr in Ihe Fw[￿man¢e of investmenis and opgrational risks from grant
making. The Trustees consider variability ol inveslment returns on its invested capital lit does not hold landl to
constitute its major financial risk. This is milvJated by retaining an independeni financ¢al advisor who meets th8
Board every six months. 11 is further mitigated by Ihe two major investment funds. Cazenove Capil81 and Quilter
Cheviol, comprising 100% of total inveslments, a￿ px)rtfol¥)s with ranges of assets mana98d by those
reputable bodies.
The Society's financi81 activities are underlaken in actx)rdance with its Financial Procedures Manual which was
implemented in M8rch 2018 and revised in Seplembor 2023.
Futur•
The strategic plan approved in 2021. recites three core objeciives..
1. Improving ¢ommunic81ion and un¢Jerstsnding',
2. Involving peoplè in th8 work of thè Society, and
3. Helping to protect Gower so it is safeguarded for present arKI future generations.
It explains five areas of f¢xus'.
1. To inv8st in information lechnobgy infrastruciure. digital plallomis and social media..
2. To gain a better undersianding ol the needs of members;
3. To increase the number of members and lo encourage the younger generation lo join.,
4. To work in partnership for the common good of Gower, and
5. To pl8n 5ucce55ion of the Iru5tees.
Page 10

THE GOWER SOCIETY
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT. continued
Rfjgarding Ihosg argas, there has been some progress".
111 A new website with more modem features has been professionally created arKI the Society is now on
Facebwk, Instagram and Twitter.,
121 Around one hundred members are active in committe85. sub-committees or in assisting with Swiety
a¢tivilies-,
131 The number of mgmbers has increased. The Society succeeded in reaching out to people and on joining
are asked "why did you join-. It is hoped the new website, together with its facility for joining online and the
Society's presence on digital platforms. will aitract more and younger members:
141 The extsnl of its grants lo the Local Aulhorily for projects, such as rgslored w811ing. foolpalh gates and
hedgerows, as well as its representations lo the L￿31 Plannin9 Authority and participation in planning
hearings, is evidence of the SocietWs work in partnership for the common good of Gower,.
151 Additional new members have joined the Main and Flanning Commrttees and three new trustees were
appointed. Therefore, there has been progress towards achieving the core objeth'ves sel out in the strategic
plan.
Apart from incorporation giving truslges protect￿n from personal liability on bohalf of Ihg Society for any claims,
it has resulted in the division of the roles ol governance and management behveen a Board of Trustees and a
Main Committee. Therefore, accountability and supervision are more secured and ihe workload now shared.
This should also improve recruilmenl, giving the choice in i￿OMIng a trustee or a committee Mom￿r.
03/05/2024
Approved by order ol the boar(J of Injslees on........................................ . .
and Signed on its behatf by..
M E Rldg•
Page 11

THE GOWER SOCIETY
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees are responsible for preparing the Trustees. Report and the financial statements in accordance wlh
applicable law and United Kingdom Accounting Stsndards (United Kingdom Generalty Accepted Accounting
Pra¢li¢el-
The law applicable to Char￿eS in England & Wales requires the Trustees to prepare financial statements lor
e8¢h fin8n¢ial year vknich give a true and fair view of the stsle of 8ffairs of the Charity and of its incoming
resources and application of resources. including its income and experKlilure. for that period. In preparing these
financi81 statements. the Trustees are required lo".
select suitsble accounting policies and then apply them consislenlly.
observe the methods and principles ol Ihe Charities SORP {FRS 1021..
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accountin9 Standards IFRS 1021 have followed, subject to any malerfal
departures disclosed and explained in the financial statements.,
prepare th8 financial slalements on the going concem basis unless it is inappropriate lo presume that the
Charity wll mntsnue in busingss.
The Trustees are responsible for keeping adequaie accounling records that are Sufficient to Show and explain
the Charitys transactions and disclose wth reasonable accuracy al any time the financial position of the Charity
and enable them lo ensure that Ihe financi81 slalemenls comply wth the Charities Act 2011. the Charity
(Accounts and Reports) Regulations 2008 and Ihe provisKJns of the Trust deed. They are also responsible for
saf9guarding the assgls ol the Charily and hence lor taking reasonable steps lor the prevention and delects'on of
fraud and gth¢r irregularitios.
Approved by order of the members of the tx)ard of Twslees and slgned on its behalf by..
E Rldg•
Dale. 03/05/2024
Page 12

THE GOWER SOCIETY
INDEPENDENT LXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Independent Examinerfs Report to the Trustees of The Gower Society Ilhe Charity'l
I report to the charily TnJstees on my examination of the accounts of the Charity for the year ended 31
December 2023.
R•spon$lbllltl•s and Bas1$ of Report
As the Trustees of the Charity you are res￿nsIble for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 I'lhe 2011 Acr).
I report in resped of my examinalion of the Charitys a¢counls ￿rried out under sectson 145 of the 2011 Act and
in carrying out my examination I have followed ihe applicable Directs'ons given by the Charity Commission under
section 14515llbl ol the 2011 Act.
Ind•pend•nt Examin•rf8 Stat•m•nt
Your attention is drawn lo the fact that the Charity has prepared the accounts in aC￿rdance with Accounting and
Reporting by Charities., Stslement of Recommended Pr8Ctice applic8ble lo charities prep8ring their accounts in
accordance with the Financial Reporting Stsndard applicable in the UK and Republic ol Ireland IFRS 1021 in
preferenc8 to thè Accounting and Reporting by Charits8s'. Statement of Recommendèd Practice Issu8d on 1 April
2005 whith is ref¢rr¢d lo in the extanl regulabons but has been wthdrawn.
l understand Ihal this has been done in ofoer fof Ihe accounts lo prO¥￿e a true and fair view in accord8nc8 with
the Generally Accepted Accounts'ng Practs'ce effecb.ve lor repo￿.￿3 periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that matters have come lo my attention in connection with the
examination giving me cause to believe that in any material respecl..
accounting records were not kepl in resp8c( of the Charity as required by section 130 of the 2011 Act., or
the accounly do not accord with those records.. or
th8 accounts do not comply with the appI￿able requirements conceming the form and content of
accounts set out in the Charities (Accounts and RepcKisl Regulations 2008 other than any requirement
that Ihe accounts give a 'true and lairf view vthich is not a matter considered as part of an independent
examination.
I have no concems and have come across no oiher matters in conr￿li0n wth the examinab'on lo which
attention should be drawn in this report in order lo enable a proper understanding of the accounis lo be reached.
Sign8d:
Dated. 03/05/2024
Rachel Do￿e
ACA FCCA DChA
MHA
MHA House
Charter Court
Swansea Enterprise Park
Swansea
SA7 9FS
MHA is the trading name of Maclntyre Hudson LLP. a limited liability partnership in England and Wales
(registered number OC3123131.
P8ge13

THE GOWER SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Unre5trfcted
funds
2023
Total
fvnd$
2023
To181
funds
2022
Note
Income from:
Donations and legacies
Charitable actsvilies
Investments
59,395
27.061
100,252
59.395
27.061
100.252
107,720
23,050
87,717
Total Incom•
186,708
1B6,708
272,481
Expendituro on..
Charitable activities:
Charitable Activities
Supporting costs
Other charitable activities
101,253
22,485
4.000
101,253
22.485
4,000
123,969
18,990
Total •xp•ndltur•
127,738
127,738
142,959
Net Incom• b•for• not galnslllos808} on
Investm8nl8
Nel gainslllossesl on investments
58,970
57,342
$8.970
57,342
69,522
(294.726)
N•t mov•m•nt In funds
116,312
116,312
1225,204)
Reconclllatlon of funds-
Totsl funds brought forward
Nel movement in funds
2,986.278
116,312
2,986,278
116,312
3,21 t,482
(225,204)
Total funds carried fonmard
3,102.590
3,102,590
2,986,278
The Statement of Financial A¢tiviti¢s includes all gains and losses recognised in the year.
The notes on pages 16 to 28 fom) part of these financial slatements.
Page 14

THE GOWER SOCIETY
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Nots
Flxod assats
Tangible assets
Investments
10
505
2,787,636
888
2, 730,294
2,788,141
2, 731, 182
Current assets
Stocks
Debtors
Investments
Cash al bank and in hand
12
13
14
3.722
20.230
13.356
323.824
3,652
20,387
13,348
284.068
361.132
321,455
Creditors.. amounts falling due within on8
year
15
146.683)
(66.359)
Net curr•nt 8$86t•
314,449
255,096
Total ass•ts 1088 current Ilabllltl8s
3,102,590
2,986,278
Not a$$ots •x¢ludlng ￿nSIOn ass•t
3,102,590
2,986,278
Total net assets
3,102,590
2,986,278
Charlty funds
Reslricled funds
Unreslri¢ted funds
16
16
3,102,590
2,986,278
Total funds
3,102,590
2,986,278
Thè financial statements were approved and aulh)rised for issue by the Tnjstees and signed on their behalf by..
Trustee
Dale. 03/05/2024
The notes on pages 16 10 28 fomi part of these financial slatements.
P8ge15

THE GOWER SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
1.1 Ba$1$ ¢f pr•par*lon of flnan¢lal $tstoments
The financial slatements of Ihe charity, which is a public benefrt entity under FRS 102, have been
prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities..
Slalemenl of Recommended Practice applicable lo Gharilies preparing their accounts in accordance
th the Financial Reporting Stsndard applicable in the UK and Republie of Ireland IFRS 1021
leffeclive 1 J8nu8ry 20191.. Financial Reports"rwJ Standard 102 'The Financial Reporting Standard
appli¢able in the UK and Republi¢ of Ireland. and the Charities Act 2011. The finan¢ial statements
have been prepa￿d under the historical cosl convention, with the exception of investments which ar8
included at market value, as modified by the revaluation of certain assets.
The fin8nci81 ststements have been prepared to give 8 'true and fairf view an¢J h8ve departed from
the Chants'es IA¢c(xJnls ar￿ Reports) Regulatsons 2008 only lo the extent r8quired lo provide a 'lru8
and fair. view. This departure has involved lollowing the Charities SORP IFRS 1021 published in
October 2019 rather than Ihe Accounting and Reporting by Charits'es.. Statement of Recommended
Practice effective from 1 April 2(N)5 which has s￿ce been wthdrawn.
The presentats'on currency of these financial statements is the Pound Sterling 1£).
1.2 Golng ¢on¢ern
The truslees cons￿er Ihat thore are Th) material uncertainlies aboul the charitys ability to continue as
a going concern arKI on Ihat basis. the financial statements are prepared on a going concern basis.
1.3 Slgnificant judgements and 08tlrnatO1
In the 8pplicalion of the charitys 8ccounling rKlicies. the Iruslees are required lo make judgements,
eslimalgs and assumptsons about the carrying amounts of assets and liabilities that are not readily
apparent from oth8r SoUr￿s. Thè 8stimat8s and associat8d assumptions are based on historical
experience and other factors vthich are considered to be relevant. Actual results may differ from
these estimates.
The eslimales an(J underfy'ng assumptions awe reviev￿d on an ongoing basis. Revisions lo
8ccounting estimates are recognised in the period in which the estimate is revised if the revision only
effects that perirxj, or in the period of the revision and future periods if the revision affects both
current and future perb)ds.
The following are the critical jvdgemenls that the trustees have made in the process of applying the
ehanvs 8ceounting poliues and that have the wnosl s￿nIficant effect on the amounts recognistrd in
the ffinancial statements.
Im
aimient of assets
Asseis are assessed for indicalors of impairmenl at each balance sheet date. If there is objective
evidence of impairment, an impaimient loss is recognised in the Stalement of Financial Activities.
The carrying value of st¢xk at the year end is net of st(tk provi8N)ns of £15.401 12022.. £15,830).
Provisions and contin
encies
Provisions are recognised when the charity has a present obligation as a result of a past evenl and a
reliable estimate can be made of a probable adverse outcome. Othemse, material conlingenl
liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent
assets are only disclosed rf an infknv of economic benefits Is probable.
Page 16

THE GOWER SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies Icontinuedl
1.4 Incomè
All income i8 recognised once the Charity has enliuemenl to the income. f( Is probable that the
incorne will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependenl on estsblishing trntillemenl, the probability of
rec8ipt and the ability to ests'mate with suificient accuracy thè amount recèivablè. Evidènce of
entitlement to a legacy exisis when the Charity has sufficient evidence that a gift has been left to
them Ithrough knowledge of the existence of a valMI wll and the death of the benefactor) and the
executor is satisfied that the property in question will not be required to satisfy claims in the estate.
Receipt of a legacy musl be reccxJnised when il is probable that il will be received and the fair value
of the amount receivable, which will gener811y be the expected cash amount to be distributed lo the
Charity, Can be reliably mgasured.
Grfts in kind are recognised in the Statement of Financial Activities on distribution with an equivalent
amount being included as resources expended to reflect ils distribubon. Grfts in kind are valued
based on the amount realised on sale.
Membership fees are recc¥Jnised on a received basis.
Interest on funds held on deposil is includ8d vthen receivable and the amount can b8 measured
reliably by the charity,. this is normally upon notificatson of the interest paid or payable by the bank.
Investment income is recognised when reCeiVa￿e and is included in the financial statements net of
investment management fees, which are deducted at source.
1.5 Expendlture
Expenditure is recognised once ihere is a legal or construcb've obligation to transfer economic benefit
to a Ihird party, it is probable thal a Iransfer of economic benefits wll be required in settlement and
the amount of the obligation can be measured rdiably. Expenditure is classified by activity. The costs
of each activity are made up of the lolal of direct costs and shared costs, including support costs
invofved in undertsking each 8Ctiwty. Direct costs attributsble lo 8 single activity are allocated directly
to that a¢tivity. sha￿ costs which conlribule to more than one activity and support costs which are
not attributsble to a single a¢tivity are apportKJned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on ihe basis of time spent, and depreciation
charges allocated on the ￿￿On of the asset's use.
Expenditure on ¢hartsble 8¢tivilies is incurred on dire¢Uy undertaking the activities which further the
Charitys objectives, as well as any associated SUp￿rt costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer
is conditional, such grants being recognised as expenditure when the condilions attaching are
fu￿illed. Grants offered subject to condilions which have not been met at the year end are noted as a
commitment, but not accrued as expenditure.
1.6 C¢$t$ of rai$ing fund$
The costs of generaling funds consist of investmenl management costs and certain legal fees.
1.7 Charitable activities
Costs of ch8ritable acliwbes include grants made and governan￿ costs.
Page 17

THE GOWER SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies Icontinuedl
1.8 Gov•manc• costs
Govemance costs comprise all costs invofving the public accountability of the charity and ils
compliance with regulation arhd good practice. These costs included costs relating to examination
fees. tre8surer costs and legal fees.
1.9 Tanglblè fix¢d ass•ts and dèpr•clatlon
Tangible fixed assets cosling £100 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the assel can be measured reliably.
Tangible fixed assets a￿ initially recc#Jnised al cost. After recognition, under the cost model, tsnglble
fixed assets are measured al cost less accumulated depr￿lation and any a¢cumulated impairment
losses. Ml costs incurred to bring a tangib￿ fixed ass8t into its intended working condition should b8
included in the measurement of cost.
Depreciation is charged so as lo allctats th6 cost of tangible fix8d assets lèss thair residual value
ovèr their èslimaled uselul lives.
Depreciabon is providetl on Ihe lo110v￿ng basis:
Plant and machinery
Fixtures and fittings
25% Straight line
25% Siraighl line
1.10 InY¢stm¢nt8
Fixed ass81 investments ar8 a forni of financial instrument and are initially r8cognis8d al their
transaction cost and subsequently measured at lair value at the Balance Sheet date, unless the valuo
cannot be measured reliably in which case rt is measured at cost less impaimient. Investment gains
and losses, whelher realised or unrealised, are combined and presented as 'GainsllLossesl on
investments, in the Slalemenl of Financi81 Acti￿lIeS.
1.11 Sto¢k$
Stocks are valued at the I0￿r of cost and net realisable value after making due allowance for
obsolete and slow-moving stocks.
1.12 Taxation
The charity is exempt from tax on rts charilablg a¢b"vib"8s. Irr8¢ov8rable VAT is charged against the
expenditure heading for vthich it was incurred.
Page 18

THE GOWER SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies Icontinuedl
1.13 Cash at bank and currènt asset inv8stm•nts
Cash al bank and in hand is held lo meet short-lerm cash commrtmen15 a5 they fall due and includes
all cash equiv8len15 held In the form of short-term highly liquid inv851TNenls. Cash equivalents are
short-lerTn, highly liquid investments that are readily convertible to known amounts of cash and that
are subject to an in5ignififjanl risk of changes in value. A Gash eqvivalenl will nomally h8ve 8 short
maturity of, say. three months ¢y less from the date ol acqulslts'¢￿.
Current asset investments are investments which a charity holds for resale or pending their sale and
cash or cash equivalents with a maturity date of less than one year. This heading includes cash on
dep0511 and cash equivalents with a malurity ol less than one year hèld for inve51rnenl purposes
rather than to meet short-tem cash cc¥nmitrnenls as they fall due.
1.14 LSabilitl•8 and provislons
Liabilib'es are recognised when Ihere is an obligation at Ihe Balance Sheet date as a result of a past
event, il is probable Ihal a Iransler of economic benefrt will be required in settlement, and the amount
of the settlement can ￿ eslimaled reliably.
Liabilitses are reccgnised at the amounl thal the Charity 8nticipal8s it will pay lo s8tUe the debt or the
amount it has r8ceiv8d as advanced payTh8nts for the go(MJs or s8Mces It must provid8.
Provisions are measured at Ihe b8sI estimate ol the amounts required to seitle the Obl￿all0￿. Where
the effeel ol the lime value of money is malerial. the provision is based on the present value ol those
amounts, discounted al the pre-18x ¢Jiscwnl rale that reflecls the risks specific lo the liability, The
unwnding of the discount is reC￿￿nised in the Statement of Financial Activities as a finance cost.
1.15 Fln•nclal Instruments
The charity only has financial assets arKI liabilibes ol a kind that qualify as basic financial instruments.
Basic financial instruments are inilially recorded al transaction value and subsequently measured at
their fair value. Changes in fair value are recognised in the statement of financial activities, nel of
investment managemenl fees.
1.16 Fund accountlng
General funds are unre51ricted fund5 vthich are available for use al the discretion of the Trustees in
furtherance of the general obJ"eclives of the Chanty and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set oul in the notes to the financial
statemenis.
Reslricled funds are funds which are to use(1 in accordance with 5pecrfic restrictions Imposed by
donors or which have beÈn raised by the Charity for parbcular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
ftjnd is set out in the notes to the financial statements.
Investment income. gains and losses are allocated to the appropriate fund.
Page 19

THE GOWER SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies Icontinuedl
1.17 Donated goads and s•rvic8s
Donated goods or services or facilities are recognised as income and expenditure when the benefit lo
the chanty can be reasonably quanb"ffied or me8sured and is consKler materi81 to the charity.
1.18 Phlllp Boynon Trust In¢om?
The charity is a beneficiary under the above tnjsl. It IS 8ntilJed to receive one half of the income from
the Trust in perpetuity given in memory of Henry and Gertnjde Pine 8eynon. However it has no
power to direct the investment of the Trust assets vthich are vested in HSBC Trust Company IUKI
Limited.
Incom8 from donations and 18gaeS•8
Unrestrlcted
funds
2023
Total
funds
2023
Donations
Legacies
SimiLgr incoming resources
1.269
56.946
1,180
1,269
56,946
1,180
59,395
59,395
Unreslricled
funds
2022
Total
funds
2022
Donations
220
220
Legacies
701.500
101.500
101,720
101,720
Page 20

THE GOWER SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Incom8 from charitable actlvStSes
Unre$trl¢t•d
funds
2023
Total
funds
2023
Member subscriptions
Publications
17.567
9,494
17,567
9,494
27.061
27,061
Unrestricted
funds
2022
Total
funds
2022
Member subscriptions
Publication8
16,900
6, 150
76,900
6, 150
23,050
23,050
Inv•8tm•nt Incom•
Unrestricted
fund$
2023
T¢)tal
fund$
2023
Income from investments
100,252
100,252
un￿$1￿Cted
funds
2022
To181
funds
2022
Income from investrnents
87,711
87,711
Page 21

THE GOWER SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysls of expendltur8 on charltabla activltles
Summary by fund type
Unr•strlctèd
funds
2023
Total
2023
Charitable activity exwndilure
127,738
127,738
Unrestri¢tgd
lunds
2022
Total
2022
Charitsble acbvity ex￿ndItUre
142,959
142,959
Analy8ls of expendltur• by actlvltl•s
A¢tlvtliès
ynd¢rtakèn
directly
2023
Support
¢ost$
2023
Totsl
fund$
2023
Charitable activity eX￿ndItUre
105.253
22,485
127,738
Actwiti8s
undertaken
directly
2022
Support
costs
2022
Total
funds
2022
Charitsblg ath'vity eX￿n￿lture
123,970
18,989
142,959
Page 22

THE GOWER SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysls of expendltur8 by actlvltles {contlnued}
Analysis ot direct costs
Total
funds
2023
Total
funds
2022
Grants
Depreciation
Subscriptions
Publications
50,116
382
81,834
382
477
12,349
280
73,346
¥ li
Advertising
Gowgr show expenses
Rent
354
2,762
960
4,636
11,023
14,941
7,253
2,816
3,578
1,370
7,543
2,076
4,288
6,457
Insurance
Planning pemission consultsncy cosls
Postage and stati'onary
Sundries
105,253
123,970
Analy81s of Support ¢08ts
Total
funds
2023
Total
funds
2022
Bank charges
Secretary's fees
Treasurer fees
Independent Examinerfs fees
209
269
7,596
11,200
3,480
9,600
3,120
22,485
18,989
Page 23

THE GOWER SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Trusts8s' ramuneratlon and exp8ns8s
The trustees all give freely their time and expertise wthout any form of remuneration or other benefit
in cash or kind12022 £nill.
DLJring the year, the truslees received £970 in respect of reimbursed travel and office costs incurred on
behalf of the charity12022 £9781. The number of inJstees vkno daimed expenses in the year was 4
12022- 31.
Volunt••rs
The value of vdunteers. tsme given wthin the year is 8Stimated with reference to the recorded number of
volunteer hours multiplied by the estimated hourly rate that an employee would have been paid for
Carr￿r@ out the service. The quantified benefit to the charity for volunteers. time was in the region of
£33.75012022 - £33,750). given that an estsmaled 4.50012022 - 4,5001 hours were estimated as being
spent. This amount has not been recognised in the accounts.
Grants payabl•
During the year the charty awarded grants to the followr¥J typ8s of organisation all of which are based or
operate in Gower.
2023
2022
Schools
Churchès and parishes
Other societies and group$
Miscellaneous
6,431
4,000
32,684
7,001
4,739
133
64,fj88
72,274
50,116
81,834
10. Tanglblo flxéd a$sets
Plant and Flxtures and
machinery
fittings
Total
Cost or valuation
Al 1 January 2023
457
8.122
8,579
At 31 December 2023
457
8.122
8,579
Page 24

THE GOWER SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
10. Tanglble flxad assets Icontlnu8d)
Plant and Fixtures and
machinery
fittings
Total
Depreciation
Al 1 January 2023
Charge for the year
114
114
7.578
268
7,692
382
At 31 De￿mber 2023
228
7,846
8,074
Not book valuo
Al 31 December 2023
229
276
505
At 37 December 2022
343
544
887
11.
Flxed ass•t Investmonts
L5stèd
Investmont8
Cost or valuatlon
At 1 January 2023
Additions
2.730,294
392,380
1392,3801
57,342
Disposals
Rgvalualions
Al 31 December 2023
2,787,636
Not book valuo
Al 31 December 2023
2.787,636
At 31 December 2022
2, 730,294
Page 25

THE GOWER SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2023
2022
2022
Cost
Fair value
Cost
Fair v8lu&
M & G Charifund
136.842
219,925
Cazenove capital - John Henry Gorwn Fund
1.347,500
1,372,609
Fundsmith Equity Account
54.500
96,840
Lindsell Train Global Equity
54.500
87,146
Quilter Cheviot portfolio
946,190
992.881
750.000
772,713
Quilter Cheviol- John Henry Gorvin Fund ￿QL2
2 691 039
2 787 636
2 544 501
2 730 295
1,543.690
1,606.975
l investments are carried at iheiT fair value. Investment in equities and fixed interest securities are all
traded in either quoied public markets. primarily the London Stock Exchange, or are otherwise held in
assets in actively traded markets. Holdings in common investment funds. unil trusts and open-ended
Investment companies are al th8 bid pnce. The basis of lair valve lor investments Is equiv8lenl lo the
market value, using the bid price. Assel sales and purchases are fecognised al Ihe dale of trade al cost
Ilhal is their transaction value).
The change in the value of lisled investments is net of any costs of that investmant.
12, Stocks
2023
2022
Stocks
3,722
3,652
13. Debtors
2023
2022
Du¢ wlthln One y•or
Trade debtors
18
146
Other debtors
17,261
2,951
16,380
3,861
PrepayThenls and accrued income
20,230
20,387
14.
Current asset investments
2023
2022
Cash on d8POSIt
13,356
13.348
Page 26

THE GOWER SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Cr8dltors: Amounts falllng due wlthln on• year
2023
2022
Trade creditors
Other creditors
Accrua15 and grants payable
36
275
3,106
43,541
4,284
67,800
46,683
66,359
Accruals and grants payable indude grants payable of £28.281 12022.. £51.4971.
16. Stat•mtnt ol fundi
Stat¢m•nt of funds . currnnt y¢ar
Balan¢0 at
31
Galnsl December
ILosse81
2023
8alanc• at 1
January
2023
Income Expèndltur•
Unr8Strlct•d funds
General Fund
In memory of Dr J H Gorvln
1,318,539
1,667.739
146,356
40.352
1127,7381
44,894
12,448
1.382,051
1.720,539
2,986,278
186,708
1127,7381
57,342
3,102,590
Statom•nt of funds - prlor y•ar
Balance 81
31
Decèmber
2022
8818n¢e 91
l January
2022
Gain
fLosses)
Income Expendrfu
Unrestricted funds
Ggngral Fund
In memory of Dr J H Gorvin
1,456.943
1.754,539
168,473
(142,958) (163,9Y9)
(130,808)
1,318,539
1,667, 739
3.211,482
212,481
{142,958) (294,727)
2,986,278
Page 27

THE GOWER SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17.
Related party transactions
During the year, the charity incurred £11.200 12022 - £9.600) in relation to serw¢es provKl&d by the
Treasurer.
Page 28