GOWING FOUNDATION CHARITY COMMISSION REGISTERED NO. 1180936 STATEMENT OF ACCOUNTS for the year ended 30 Novwnber 2022
GOWING FOUNDATION Charity Infomiatlon Charity number: 1180936 Tru$t8e8 Martin Richard Gowing William Richard Gowing Man Rose Gowing Simon James Russell Bankern Metro Bank One Soulhamplon Row London WC1B SHA Indepondont Examlner K.J. Maggs 8.A, F.C.A. Ho8kman Way Spalding Linc$ PE11 3HE Reglstornd Offl¢• Aldemary House 10-15 Queen Street London EC4N 1TX Page 1
GOWING FOUNDATION Annual Report for the year ended 30 November 2022 The Gowing Foundation fom)ed by constitijt.on dated 1 November 2018 and was wistered in England and Wales as a Charitable Incorporated Organisation on the 30 Novemter 2018 wth charty Wistered number 1180936. Th8 objects of the charty shall be the advancem8nt of charilable purp)ses (8c¢ording to the law of England & Wales) for the beneffit of the publ. as the trustees see fil from kn.me to time, in partt'cular but not limrted lo. making grants to charibe$, or other organisattons or indivtduals working to advance charitable purposes. such that communty parti¢ipab"on in healthy re¢tion for children and young adults is promoted. Trusta The Iruslees who are also the members and served the ¢harrty during the period are detailed on Page 1. New Iruslees are appointed by the ujrrent trustees from people over 16 who have shown a keen interest In the work of the charity and have abilitses reqUId on the goveming 1xY. The board shall nsiSt of at least three trustees and at18ast one of the tfusiees musl be 18 years of age or over. When they are inducted the trustees are presented a cutrent pY of the constitution and iatest annual report and financial statements. Trustse• ro8ponslbllltl The Trustees are required to prepare financial slatements for each financial pervjd whlch give a true and fair view of the state ol affairs of the Charity and of its income and expendre for that period. In preparing those financial statements. the Trustees are required to. select suilabb accounting polKies and then appty consistenty, make judgements 8nd eslmates thal are reasonable and prudert stale whether applicable acuuntsng stand8rd8 and ststem8nts of recommended prad¢e havé been followed. subject lo any dèpartures disclosed and explain&l in the finan¢kg1 statements,. and prepare th8 financial statements on t going concem basis unless rt is inappropriate to presume that the charity will continue in operakn'on. The trustees are responsible for keeping •xountsng rec4yds which d*dose wlth reasonable aCCuY the financial positson of the chanty and whth enable them io ensure that the financial statements Comply wlh the Charities Act 2011. A¢hl•vement8• perfomian¢• and dwolopm•nts The foundation has generaled inc>)me and awarded grarts under its form81 Grant making poly as shown within the financial statements. The charity has been able to offer Supwrt the foll¢)wing main charities. . The Pl¢k•rlng Cancer Drop In COn- Fs a self funding registered chartty (In England and Wales} established by a group of cancer patients and based In Tunbridge Wells. The ntre acts as a hub for anyone affected by cancer. provhjing 1nfom1atn. support and a laxIng atrmosphere where people can talk freely. Pabenls, carers, famity and friends are offered a wide range of free fa¢ilitr"es which indudes complimentary therap as well as advice and counselling. . Noah's Ark Children's Hogpice is a registered charity and (x)mpany limrted by guarant, registered in England and Wales. the charity helps babies. thildren and young Feople th life-threatening or life- limiting conditions, and their families, make the rnosl of every day. It offets support to those who die young to do so in as much comfort as F•)sble, SUTrounded by their family. The charty aims to enable those they support to enjoy life as chiklren. rather than as pab"ents- as families, not Just as carers. Page 2
GOWING FOUNDATION Annual Report for the year ended 30 Novembor 2022 Flnan¢ial reviow The results for the charlty for the financial year are delailed on pages 5 to 7. Covid-19 and Going Concorn The Covid-19 Pandemic and following economic crisis continues to have an effect on the public benefll of the charity in terms of the ineome Df the charity but this is still only expected lo be temporary. The charity moved more lo making donations to registered charities as a result ol the restricted siK)rting activities of individuals.11 is still hard lor those lo move forward but as recovery contlnues we expect sports also to recover p8rbcipation and involvement. Public beneflt The trustee8 consider that tho objectives and aCtiVe$ of the charity are in accordance with the Charity Commissions, general guidance on public benefiL The details of public b8nefit are covered within other areas of this r8POrt especialty under the heading of 'Achievernents. perfomiance and developments.. Tho foundation makes grants to charities. or other organisations working to advance charitsble purpos8s, which gives benefrt to 8veryone regardl8ss of ags, ability, cregd or ethnic origin. Risk assgssmgnt The Iruslees have considered the major risks to which the charfty Is exposed and consider that th08e risks have currently been negligible. When the tharity makes investments then il will need to re-address those risks and ensure that suitable mixe8 8re used and assets are covered by adequate insurance. The trustees do have a grant making policy which incorporates ensuring that the institutions to which grants are made are suitsble and charitable in their own art'vib'es. The trustees have a policy to avoid direct Individual contact with vulner8Ne persons and any contact would be parents, coach8s or teachers present. For and on behalf of the tnjstees: .R. Gowlng Date- ... 2Qth.dMnR..........-..................2023. Page 3
Independent Examlnerfs Report to the Trustees of GOWING FOUNDATION Charlty number: 1180936 I report lo the chartty on my examination of the accojnts of the charityfc tt)8 Jpar ended 30 November 2022, whith are set out on pages 5 to 7. Rosponslblllties and basls of rgport As the charity trustees you are reswnsiblg forthe preparati(m of the &counts In accAJrdance %Mth the roquirements of the chareS Act 2011 fft knri. I report in respect of my ex8fflination of th8 chariws )Unts carri8d OLrt under section 145 of the Act and in carrying out my examination I hava fdlow&J all thè appllcable Dk&tions glven by the Ctsrfty Commission under section 14515}Ib) of the Act. Indfjyndent •xamlnerfs statoment I h8ve completed my examinatson. I confiryn that no material matters have com8 lo my attenOn In connecuon with the examinalion giving me cause to beeve that In any material 1. accounting rècords wer& not kept in res of th8 charity as wulred 2. the accounts do not actsxd vlth those ra¢tyds. or I have no ¢oncems and havg come acn)s$ no other matters In conngclion wilh th8 8x8minatlcffi to bthlch attenlion 8fw)uld be drawn In thi$ reFM)rt in ordèr to en8 a prOr understanding of the accounts to be reaohed. K.J. Magg% 8A F.CA Chartgred Accountsnl Spaldir Dal8'. £1 -f_ 2023
GoNG FOUNDATION Statement of Financial Activity for the year ended 30 November 2022 2022 2021 Incomlng resourc Donations receiv&J Glft Ald Interest received 27.550 2,598 5,700 3,215 30,148 8,920 Total Incomlng ro8ourc•s 30.148 8,920 Rosources oxp•nd Grnnts mad• Noah's Ark Chlldrgn's Hos&Hce Th& Plckwing Cancèr Drop in Centr8 SI Francis Hospice The Justs'n Edinburgh 3 Foundation Mulliplo Sclerosis Auslralia Small donatlong 4.850 860 755 6,465 Support Costs Bank Charge8 Prof689Sonal Fges Independent examlMrs fee5 73 1,800 810 1,962 3,100 2,683 Total re8ourc•8 •xnd•d 11,1 9,148 Nol Incom• I 1•xnd1tUr•) 19,048 12281 C•ih funds brought fonv•rd Cash funds carrfed forward 18) 220 19,040 All act11188 undertaken rew to unregtrlcted fijnds. The notes on 7 form a part of these unts age5
GOWING FOUNDATION Statement of Net Assets at 31 November 2022 2022 2021 Ca$h d•poslts C88h at bank 19,039 (8) Debtor8 Gitt AKI 710 onetary assets 19.039 702 Crndltors Prolesslonal fees Independerrt examinerfs f88 2.040 695 1.950 798 Mon•lary Ilabllltl•s 2,735 2,748 Total ngt asiet8 16,304 (2,046} 20th June Those accounts were approved by the t#)ard on ....................-.........-..-..........-. 2023. owlng 8.J. Russo11 The notes on page 7 form a part of t$e aGcounts Page 6
GOWING FOUNDATION Notes to the Accounts for the year ended 30 November 2022 1 Accountlng pollcles The financial statements have beén prepar&J in accordan with the exemptions applicoblo under th8 Statement of Recommended Praclice on A(xountlng by Charities and the Charths Act 2011. The ststements of financlal ac11veS has been a rIpts and payments basis whlch Is consislenl wth prewous periots. The ststement of Net Assets shows the assets of the charity and any amounts due to or owed by the charity. The statement wll not indude any provisions for Ik?bilities and ch8rg8s. The trustees ar8 of the opinion that should any Slgnrfl matters oCr prior to the year end. they be disdosed wf(hin the nolgs of the accounts. Z Trust•os r•mun•r•tlon, expens and control There have been no remuneration cff expens pawj to any of the tru8tees during ts current or prlor y88r. Th8 charity deGisions are mada by th8 Injslees as a bc*ty and ar8 detailed on page 1 of thi$ report. No one trustse or group of Irustees ha8 8 dominant C1. 3. R•lat party trans•ctlon• AJI donations hav8 baan received frc4n parties conneGtsJ to the trustsgs. Th8r8 have been no other ro18tod paty translI0nS durtng thg GUTf9nt or prior year. Page 7