Charlty number: 1183461 GOWER STREET (A charitable incorporated organisation) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
GOWER STREET IA charltable Incorporated organisatlon} CONTENTS Page Reference and admlnlstratlve detalls of the charlty. Its trustees and advlsers Trustees. report Independent examine¢s report on the finaneial statements Statement of financial activities Balanee sheet Notes to the financlal statements 9-19
GOWER STREET {A ¢harltabl¢ Incorporated organl$atlonl REFERENCEAND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2025 Tru$t¢¢$ Nicholas Marple Sophie Marple Florence Miller Harriet Williams (resigned February 20261 Lawrence Brobbey Charlty roglstered number 1183461 Registered office Finchley Park Emmet Hill Lane Laddingford Kent ME18 6BG Independent examiners VCS Accountancy Group LLP Finchley Park Emmet Hill Lane Laddingford Kent ME18 6BG Bankers CAF Bank 25 Kings Hill Avenue Kings Hill Wesl Malling Kent ME19 4JQ Inve$tm¢nt advl$or Ralhbones 30 Gresham Street London EC2V 7QN Invèstment advlsor Tribe Impact Capital 52 Jermyn Street London SW1Y 6LX Page 1
GOWER STREET (A charitable In¢orporat¢d organl$ation) TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2026 The Iruslees present their annual report together with the financial stslements of the charity for the year 1 November 2024 to 31 October 2025. The trustees confirm that the annual report and financial ststemenls of the charity comply with the current statutory requirements, the requirements of the charity s governing document and the provisions of the Statement of Recommended Practice ISORPI applicable to chaTlties preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 {effective 1 January 20191. ObJectlves and actlvltles a. Pollcles and oblectSves The charity's objects are to apply the income, and all or such parts of the charity's capital, at such time and in such manner lo, or for the benefit of, such exclusively charitable objects and purposes in any part of the world as the Iruslees may in their discretion see fil and there has been no change in these during the year. The aim of the charity is to make donation5 to charitable and other organi5ations. which promote charitable activities. The grant making activities of the charity contribute to the achievement of the aims of the charity through its support of education work in Ghana and combat of threats of climate change. In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the Charity Commission relating lo public benefit, including the guidance 'Public benefit.. running a charity IPB21' Achievements and perft>rmanc• . Maln achlevements of the charlty The prlorilles of the trustees are to SUPF)Ort educatlon work in Ghana. and inlliallves lo combat the thre8ts posed by climate change. The majority of grants are made in the latter category. Grants are made only lo organisallons recommended to the trustees and unsolicited applications for funds are not accepted. During the period. the charlty made grants and donations amounting lo £1,739.10912024 - £1.425,6211. A list of rnaterial grant recipients is Included in the notes to the financial statements. Page2
GOWER STREET (A ¢harltable Incorporated organlsatlon) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 202S Achlevements and performance Icontlnuedl b. Fundralslng actlvltles and Income generatlon Gower Street has no extemal fundraising and no professlonal frraIserS are used. The charity's current KX)licy concernlng the payment of trade creditors is lo follow the CBI'S Prompt Payers Code Icoples are available from the CBI Centre Point, 103 New Oxford Street. London. WC1A 1 DUI. The charity's current policy concerning the payment of trade creditors is lo.. settle the terms of payment with suppliers when agreeing the terms of each transath'on; ensure that suppliers are made aware of the tem)s of payment by inclusion of the relevant terms in conlracls: and pay in accordance with the charity's contractual and other legal obligalions. Flnancial review a. Going concèm After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate reSoUrS to continue in operational existence until 2030, when the Iruslees plan to wind up the charity. For this reason, they continue lo adopt the going concern basis in preparing the financial statements. b. Finan¢ial pgrfomianc• Total incoming resources during the period were £477.860 {2024.. £230,639). The net assets of the charrty as at 31 October 2025 amounted lo £1,896,300 {2024.. £3,186.7661. All of the funds invested are available for grant-making and essential overheads. The trustees, aim is lo disburse all funds by the year 2030 and wind up the charity when the assets are exhausted, and thus have not adopted a conventional Reserves Policy. Investment advisers have been used to implement the investment policy of the charity. The trustees are satisfied with the investment performance of the charity portfolio with investment income of £31,51512024.. £31,851). The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place lo mitigate exposure to the major risks. The principal risks relate to the unlisted investments of the charity and the exercise of due diligence over grant recipients. The Iruslees have pul in place rigorous due diligence procedures on initial granting of funds as well as procedures for SLJbsequent monitoring. The trustees monitor the performance of investments closely and lake miligaling action where appropriate. Page 3
GOWER STREET (A charltable In¢orporat¢d organlsatlon) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2025 Structure, governance and management a. Constltutlon Gower Street is registered as a charitable incotporaled org8nisation and was set up by a Trust Deed. The charity is a small family foundation which was incorporated on 16th May 2019 and is registered with the Charity Commission with registration number 1183461. The charity was formed by incorporating (as a CIO) an existing unincorporated charity of the same name, which was sel up by a Ttust Deed dated 24th September 2007. On 5th August 2020 the assets of the charitable Irusl. Gower Street. were Ifansferred to the CIO. b. Organlsatlonal structure and declslon-maklng pollcles The charity has no employees. and all decisions are taken by trustees. New Iruslees are appointed by the existing trustees and follow an induction programme and training based on Charity Commission guidance. None of the trustees have any beneficial interest in the charity. Plan$ for fvturo riodS The trustees intend to continue the charity's activities in respect of its current grant making aims, with the aim to disburse all funds by the year 2030. Statgmgnt of I¥t99S. rgsponsibilities The trustees are responsible for preparing the annu81 report 8nd the financial statements in accordan with applicable law and regulations. The law applicable lo charities in England & Wales requires the trustees lo prepare financial ststements for each financial year in accordance with United Kingdom Generally A¢pted Acwunting Practice (United Kingdom Accounting Standards and applicable lawl. The trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the stale of affairs of the charity and of the incoming resources and applicatiori of resources, including the ir)come and expenditure. of the charity fot that period. In preparing these financial statements, the Iruslees are required to.. select suitable accounting policies and apply them consistently., observe the methods and principles in the Charities SORP., make judgments and accounting estimates that are reasonable and prudent- slate whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going conrn basis unless It is inappropriate to presume that the charity will continue to operate. b) d) The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy al any lime the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 4
GOWER STREET (A charitable In¢orporat¢d organl$ation) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2025 Approved by order of the members of the board of trustees on 7 August 2026 and signed on their behalf by.. 07 Aug 2026 Ni¢hol•$ Marplo Trustee Page 5
GOWER STREET (A charitable In¢orporat¢d organl$ation) INDEPENDENT EXAMINER'S REPORT I report to the Iruslees on my examination of the financial statements of Gower Street l.the charity'l for the year ended 31 October 2025, which comprise the Statement of Financial Aclivilies. the Balance Sheet and related notes. The report is made solely to the charity's Iruslees, as a body, in accordance with Section 145 of the Charities Act 2011. My work has been undertaken so that I might stale lo the charity's Iruslees, those matters l am required to state to them in this report and for no other purwse. To the fullest extent permitted by law, I do not accept or assume responsibility lo anyone other than the charity and the charity's Iruslees as a body, for my work, for this report, or for the opinions I have formed. Responsibilitios and basis of rnport A5 the Iruslees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 20111.the Act'l. I reFX)rt in respect of my examination of the charity's financial statements carrFed out under Section 145 of the Act in carrying out my examination I have followed all the applicable directions given by the Charity Commission under Section 14515llbl of the Act. An independent examination does not Involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, l express no opinion as lo whether the financial statements present a 'true and fair. view and my report is limited lo those specific matters set out in the independent examinerfs statement. Independent examlner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by Section 130 of the Act., or the financial statements do not accord with those records,. or the financial stslemenls do not comply with the applicable requirements Concerning the form and content of accounts sel out in the Charities IAccounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examirsation to which attention should be drawn in this report in order to enable a proper understanding of the financial statements lo be reached. Antonia Vanbergen FCA VCS Accountancy Group LLP Finchley Park Emmett Hill Lane Laddingford Kent ME18 6BG Dale: 20 August 2026 Page6
GOWER STREET (A charitable In¢orporat¢d organl$ation) STATEMENTOF FINANCIALACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 OCTOBER 2025 Restrlcted funds 2025 Unrestrlcted funds 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacies 445,114 1,231 198,788 Investments 31,515 31,515 31,851 Total incomè 445.114 32,746 477,860 230,639 Expgnditurg on.. Charitable aclNilies 434.449 1.408,541 1.842.990 7.511.528 Total •xpènditur• 434.449 1,408,541 1,842,990 1,511,528 Ngt inccwrfexpenditure) before net losses on investments Nel gains on investments 10.665 (1,375.795) 11.365.130) f1,280,889J 74.664 74.664 281,057 Net movement In funds 10,665 {1,301,131) 11,290,466) (999.832) Reconclllatlon of funds: Total funds brought forward Net movement in funds 3,138,766 {1,301.131) 3,186,766 11.290.466) 4, 186,598 (999,832) 10.665 Total funds carrled foravard 12 58,665 1,837,635 1,896,300 3, 186, 766 The Statement of Flnancial Activlties Includes all gains and losses recognised in the year. The notes on pages 9 to 19 form part of these flnanclal statements. Page 7
GOWER STREET IA ¢harftabl¢ Incorporated organlsatlonl BALANCE SHEET AS AT 31 OCTOBER 2025 2025 2024 Note Fixed assets Intangible assets Investments 1,663,591 2.650,946 1,663,591 2,650,946 Current assets Debtors 1,9SS 144 Cash at bank and in hand 239,334 542.126 241.289 542,270 Creditors.. amounts falling due within one year (8,580) (6,450) Net current asset$ 232,709 535,820 Total assets less current liabilities 1,896,300 3, 186, 766 Total net assgt$ 1,896,300 3, 186, 766 Chartyfvnds Restricted funds 13 58,665 48,000 Unreslricled funds 13 1.837.635 3, 738, 766 Total funds 1.896,300 3, 186, 766 The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements were approved and authorised for iSSLTre by the trustees on 7 August 2026 and signed on their behaK by.. 07 Aug 2026 Nicholas Marpl& Trustee The notes on pages 9 to 19 form part of these financial statements. Page 8
GOWER STREET IA charltable Incorporated organlsatlonl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Ggneral infonnation Gower Street is a CIO and is registered with the Charity Commission (Charity Registered Number 1183461). The registered office is Finchley Park, Emmet Hill Lane, Laddingford. Kent ME18 6BG. Accounting policies 2.1 Basis of preparation of financial statemgnts The financial statements have been prepared in accordance with the Charitie5 SORP IFRS 102} Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 prepafing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Gower Street meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 2.2 Incomg All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to investsnenl income is recognised al the time the investment income is receivable. 2.3 Expendlture Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a third party. il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. ExpenditLJre is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs. induding support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated direcuy lo that activity. Shared costs which contribute to more than one activity and 5UPPOrt Costs which are not attributable lo a single activity are apportioned between those activities on a basi5 consistent with the use of resource5. Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support 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 conditions attaching are fulfilled. Grants offered subject lo conditions which have not been mel at the year end are noted as a commitment, bul not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. Page 9
GOWER STREET IA charltable Incorporated organlsatlonl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Accounting polici95 Icontinugd> 2.4 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity," this is normally upon notification of the interest paid or payable by the inslilulion with whom the funds are deposited. 2.5 Intangible assets and amortisatlon Intangible assets are capilalised and recognised when future economic benefits are probable, and the cost or value of the asset can be measured reliably. Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a slraighl-line basis over its expected useful life. Amortisation is provided on the following basis.. Computer Soare 33 Yo straight line basis 2.6 Investments Fixed asset investments are a form of financial instrument and are initially recognised al their transaction cost and subsequently measured al fair value at the Balance Sheet dale, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl on inveslmenls, in the Statement of Financial Activities. 2.7 Cash at bank and in hand Cash at bank and in hand includes cash and short-lerm highly liquid investments with a short maturity of three months or less from the dale of acquisition or openino of the deposit or similar account. 2.8 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balan Sheet dale as a result of a past event, il is probable that a transfer of economic benefit will be required in settlement. and the amount of the settlement can be estimated reliably. Liabilities are recognised al the amount that the charity anticipates it will pay to settle the debt or the amount il has received as advanced payments for the goods or services il must provide. Provisions are measured al the best estimate of the amounts required lo 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 al the pre-tax discount rale that reflects the risks specific lo the liability. The unwinding of the discount is recognised in the Slalement of Financial Activities as a finance cost. Page 10
GOWER STREEr IA charStable Incorporated oryanlsatlonl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Accounting policies {continued) 2.9 Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basi¢ financial instruments are initially recognised at Iransa¢lion value and subsequently measured al their settlement value, with the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. 2.10 Fund a¢¢ounting General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specffic restrictions imposed by donors OT which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged againsl the specific fund. The aim and use of each reslricled fund is set out in the notes lo the financial slalemenls. Investment income, gains and losses are allocated to the appropriale fvnd. Incorng from donations and legacigs RgStrict9d Unrestricted funds funds 2025 2025 Total funds 2025 Total fijnds 2024 Donations 443,239 1,231 444.470 198, 788 Gift aid 1.875 1,875 Total 2025 445,114 1,231 446,345 198, 788 Total 2024 198, 788 198, 788 Page11
GOWER STREET (A charltable Incorporated organlsatlon) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Invgstment income Unrnstricted funds 2025 Total funds 2025 Total funds 2024 Income from listed investments 29,283 29,283 27.572 Investment interest receivable 2,232 2,232 4,279 Total 2025 31,515 31,515 31,851 Tot812024 31,851 31,851 Expenditure on charitable actlvltios Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Total fvnds 2024 Grants to institutions (see note 5.1) 434,449 1,304,660 1.739.109 1,425,627 Support costs Isee note 5.21 100,878 100.878 84,038 Govemance costs {see note 5.31 3.003 3,003 1,869 Totsl 2025 434,449 1,408,541 1.842.990 1,551,528 Total 2024 150.788 1,360,740 1,551.528 Page 12
GOWER STREET (A charltable Incorporated organlsatlonl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 5.1 Analys1$ of grant$ The charity has made the following malerial grants lo institutions during the year. 2025 2024 Name of Instltutlon The Climate Coalition Peers for the Planet Ltd Uplift Compassionate Revolution Lively Minds Insure Our Survival Tipping Point Leave 11 In The Ground (LINGO) Green New Deal Organisation Ltd Dre8m Renew8bles Imagin81 Earth PEAS 180,000 55,000 75,050 74,539 50,000 50,000 50,000 so,000 50,000 50,000 48,775 41,010 40,930 40,753 40,634 40,500 40,393 39,028 50,000 120,000 CESDA Strategic Youth NeOrk for Development ISYNDI Lightful Kasa Initiative Ghana FiAINS AfriKids Grace Labs Limited Anonymous BCAN Ghana IPPR 49,200 46,420 33,938 71,664 60,000 49,988 45,000 40,000 36,131 34, 100 30,000 30,000 30,000 30,000 30,000 29,520 870,961 554,660 Coal Action Network Eduspots CAMFED Climate Spring Desmog UK Limited UK Tax Justice Wild Card ORGIIS 1,061,612 677,497 Other grants to Institutions 1,739,109 1,425,621 Page 13
GOWER STREET (A charltable Incorporated organlsatlon) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 5.2 Analysis of support costs Totsl funds 2025 Total fvnds 2024 Legal arwj professional fees Charty expenses IT softr4are and support Consultsncycosts Foreign exchange Igainslnosses Investment management fees Bank charges 10,590 15,770 350 66,117 13301 8,315 6,524 5,895 2TO 62,532 88 8,651 78 100,878 84,038 5.3 Analysis of governance costs 2025 2024 Trustees. expenses 723 129 Fees for the independent examination ofthe charity's annual accounts 2,280 1,740 3,003 1.869 Trustggs. rgmuneration and expgnses During the year. no trustees received any remuneration or other benefits (2024 - £nil). During the year ended 31 October 2025, expenses lolalling £723 were reimbursed to 3 trustees for travel expenses (2024 - £129 to I trustee for travel expenses). Page 14
GOWER STREET (A charltable Incorporated organlsatlon) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Intanglble assets Computer software Cost At 1 November 2024 2,556 At 31 October 2025 2.556 Amortlsatlon At 1 November 2024 Charge for the year 2,556 At 31 October 2025 2,556 Net book value At 31 October 2025 At 31 October2024 Page 15
GOWER STREET (A charltable Incorporated organlsatlon) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Fixed assgt investments Listed Unlisted investments investments Totsl Valuation At 1 November 2024 Additions 2,180,759 256.640 {1,084,1561 67.428 470,187 2,650,946 256,640 1234,5031 11,318,659) 7.236 74.664 Disposals Revaluations At 31 October 2025 1,420.671 242,920 1,663,591 N•t book value At 31 October 2025 1,420,671 242,920 1,663,591 At 31 October2024 2, 180,759 470.187 2.650.946 Debtors: Amounts falling due within one year 2025 2024 Prepayments and accrued income 1,955 t44 10. Credltors: Amounts falllng due wlthln one year 2025 2024 Accruals and deferred income 8,580 6,450 11. Flnancial Instruments 2025 2024 Flnanclal assets Financial assets measured at fair value through income and expenditure 482.254 1.Ot2,3t4 Financial assets measured at fair value through income and expenditure comprise cash at bank and unlisted investments. Page 16
GOWER STREET (A charltable Incorporated organlsatlon) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 12. Statgmgnt of funds Statemgnt of funds - currgnt year Balance at 1 November 2024 Balance at Galnsl 31 October (Lossgsl 2025 Income Expgnditure Unrestricted funds General funds 3,138,766 32,746 11.408,541) 74,664 1,837.635 Restrlcted funds Restricted funds 48,000 445,114 (434,449} 58.665 Total of funds 3,186,766 477,860 11,842,990> 74,664 1,896,300 Restricted fund balances include funds received on behalf of other charitable organisalions lo be Iransfeffed directly towards various projects, with Gower Street acting as the conduit. ststement of funds- prior year 8818nce al I November 2023 Balance 8t 31 October 2024 Gain (Losses) Incon Expenditure Unrestricted funds General funds 4, 186,598 31,851 (7,360, 740) 287,057 3, 138, 766 Restricted funds RestrKted funds 198,788 (150, 788) 48,000 Total of funds 4, 186,598 230.639 (1.511,528) 281.057 3. 186, 766 Page 17
GOWER STREET IA charltable Incorporated organlsatlon} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 13. Analysis of n•t assots bètwoen fund$ Analysis of nat as$•ts botwèan fund$- ¢urront yoar R•$tri¢tod Unr•$tri¢t•d fund$ fund$ 2025 2025 Totsl fund$ 2025 Fixed asset investsnents 1.663,591 1,663,591 Cuent assets 58,665 182,624 241,289 Creditors due within one year 18,5801 18,5801 Total 58,665 1,837,635 1,896,300 Analy$ls of net ass•ts betwoen funds- prlory•ar Restricted funds 2024 UnftstrKted funds 2024 Totsl funds 2024 Fixed asset investments 2,650.946 2.650.946 Current assets 48,000 494,270 (6,45Q) 542,270 (6,450) cditorS due within one year Total 48,000 3, 138, 766 3, 186, 766 Page 18
GOWER STREET (A charltable Incorporated organlsatlon) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 1& Analysis of cash and cash oquivalents 2025 2024 Cash al bank 239,334 542,126 Total cash and cash equlvalents 239,334 542, 126 16. Analysis of changes in net debt At1 November 2024 At31 October 2025 Cash flows Cash al bank and in hand 542,126 1302,792} 239,334 542,126 {302,7921 239,334 17. Related party Iransactions During the year, the charity acled as a conduit for a grant of £180,000 from the Quadrature Climate Foundation to The Climate Coalition. S Marple, a trustee of Gower Street, is chair of the board of The Cllmate Coalition. There are no outstanding balances as al 31 October 2025 in respect of thls transaction. In 2024. charitable grants of £4,300 were made by the charity to Students Organising for Sustainability UK. H Williams. a Iruslee of Gower Street, is a trustee of Students Organising for Sustainability UK. H Williams was not involved in discussions or decisions relating to this grant. There are no outstanding balances as at 31 October 2025 in respect of this transaction. Page 19