The Dow Clewer Foundation (A company limited by guarantee) Report and Financial Statements Period ending 30 September 2023 Charity number 1193608 Company number: 12914102 AD622DKH 2610612024 COMPANIES HOUSE
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The l)ow Clewer Foundation The Dow Clewer Foundation Report of the trustees (including Directors. Report) for the period ending 30 September 2023 The truslees (who are also the Direclors of thecompany for thessurposes of company law) are pleased to present their annual directors. report togetherwrth the finanual slalemenls of the charty for the period ending 30 September 2023 whjch are also prepared to meel the requwements for a directors. report and a¢¢ounts for Companies Aca purposes. The charitable company is regislered in England ValeS. The ffinanchql statements comply wrth the Charitie$ Acl 2011, the Companies Act 2006. the MenTh)ran(ff um and Articles of Association. and the Charities Statement of Recommended Practi I'charities SORP'I {applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland; FRS 102) issued in October 2019. Our purposes and actlvltles The purposes of the charty are lo make grants and charitable distributions according to the guidelines set out in the charty's grant making policy filed wrth Companies House. The Dow Clewer Foundation made donations totalling £256.105 in the financial period ending 30 September 2023. 93% of the funds spent were from unreStrted funds. and the remaining 70h were from reslri¢led funds. The single donation made from restricted funds {£18.6281 was to support hvo projects run by the African Bush Camps Foundation. The primary donations from unrestricted funds totalled £179.000. were split beeeft ffive Charities, with the remaining £58,478 made as smaller donation5 (under £20.000 each) to various eslablished d)arities. The trustees have also had regard to the guidance issued by the Charity Commission on public benefit. Achievements and perfomiance This year, The Dow Clewer Foundation made major donations to six charities across a broad range of sectors. Inlernationalty. they continued to support African Bush Camps Foundation, who run prOjeS in Zimbabwe, Zambia. and Botswana that focus on addressing challenges that include unemployment. food scarcty, poor education 8nd.healthcare infrastructure. low school attendance and dropouls due to finanryal constraints. wildlrfe poaching. and préserving natural resour$. Wthin the Medical sector. they contributed to the British Heart Foundatron's CureHeart Prograrn. This is one of Ihe largest and mosl ambitious research inilialives of ils kind. Its team of world- leading scientists from the UK and USA is poised to develop the first cures for deadly inherited heart conditions which affect over 30 million people worfdwide. These cures will use cutting-edge gene editing technology, an area of medicine Ihal has the potential to usher in a new era of preventing and treating disease. Donations were made wrthin the Musi¢ and Arts sector to the English National Opera's Harewood Art15ts Match Funding Campaign and the RoyaLOpera House. The English National Opera (ENO) provides a beswke programme of vocal and language Iraifting. Successful applicanls are coached by experts in their repertoire and are fully supported through auditions for career-building performance opportunities wrth ENO. around the UK and abroad. Harewood Artists receive dramatic & movement coaching, performance psychology, language coaching, Vocal massage, nulrition advice and brealhwork as well as opportunities to leam from distinguished tIstS and adIng fuures from the operatic world.
The Dow Clew•r Foundation The Dcwi Clewer Foundatton are also liVety invofved in Brass for Africa, providing advice and guidance, as well as partipatIng in fundraising challenges. Brass for Africa's mission is to support thousands of marginalised children and young people in Sub-saharan Africa to transfom their lives, driving social impact and social justice through Mus. BfA provide Music & Lifevskills education to over 1,500 disadvantaged children and young people acTOSS Uganda. Rwanda and Liberia every week. Significant support was also given l(Kally lo Bracknell Cobras Basketball Club and FIDreat Montague Park Primary School as well as many furthef charitbes Wbth smaller donations. Financial revlew The charty 1$ funded primarity by the Dow Clewer famity. During the period. £256,105 of total funds were donated direclty to charitable Causes, £690 are expenses relating to the independenl examination of the charity's annual accounts. and £256 were paid as bank charge5 and other 90vernance-related fees. At the end of the period. the charty had £276,228 in cash to continue Its purposes and adivrties in the following period, and only had £660 in credrtors due lo the Independent Examiner for their work on this year's accounts. The charity has no specffic resep4es FM)Iicy. There are no uncertainties about the charity's abilty to continue as a going concern. The charity has no fund or subsidiary undertaking that is materialty in defial. Reference and administrative details Chanty number: Company number: Registered Office.. 1193608. registered with the charities ComMi10n on 19.02.2021 1291402. incorpoTrted at Compantes House on 29.09.2020 Staple House. Eleanors Cross. Dunstable. Bedfordshi. LU6 1 SU Oura¢fvisers Independent Examiner Bankers Rice Associates Cater Allen 4 Markel Pl, Wokingham RG40 1AL Santander House. 9 Nelson Street. Bradford. BD1 SAN Directors and trnstees The directors of Ihe charitabte Company (the charty) are its trustees for the purpose of charity law. The trustees and offiGers serving during theperiod were as foll ows.. Elected trustees". D Clewer Secretary H J Wlliams
The Dow Clewer Foundatlon Currently the charity has no policy for the recruitment and appointrnent of trustees. Structure, Governanc• and Management Governing Document The Dow Clewer Foundation is a company limited by guarantee govemed by its Memorandum and Articles of Association dated 29 September 2020. It is registered as a charity with the Charity Commission. Oryanisation The board of trustees normally meets monthly to discuss grant proposals. existin9 charitable donations, and general matters of the financial management and govemance of the foundation. Relatedpartles None of our trustees recwve remuneration or 0r benefft from their work with the charity. Trustees. responsibilities in relation to the financial statements The charity trustees (who are also the directors of The Dow Clewer Foundation for the purposes of company lawl are responsible for preparing a Trustees. Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The report and accounts have been prepared in acxordance with the provisions in thecompanies Act 20C6 relatin9 to small companDes. Company law requires the charity trustees to prepare financial ststements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure. of the charitable group for that period. In preparing the financial statements, the trustees are required to- Select suitable accounting policies and then apply them consistently- Observe the methods and principles in the Charities SORP. Make juagemenis and estifhates that are reasonable and prudent; state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements- and Prepare the financial statements on Ihe going conrn basis unless tt is inappropriate to presume that the chanty will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with asOnable accuracy at any time the financial posth'on of the charrty and to enable them to ensure that the financial statements comply with tt)e Companies Act 2006 They are also responsible for safeguarding the assets of the charity and the group and hen taking reasonable steps for the prevention and detedion of fraud and other iegUlar1ties. By order of the board of trustees D Clewer (Chair) 04.06.2024
The Dow Clewer Foundati¢ Independent examinefs report to the trustees of The Dow Clewer Foundation I report to the trustees on my examination of the financial statements of The Dow Clewer FndatIOn (the charity) for the period ended 30 September 2023 Responslbilities and basis of report As the charity's trustees {and also its direclors for Ihe purposes of compary law) you are responsible for the preparation of the accounts in 1rdance with the requirements of the Companies Act 2006 (Ihe 2006 Act'>. Having satisfied mysew that the accounts of the ConwaAy are r1 required to be audited under Part 16 of Ihe 2006 Act and are eligible for independent examinatn. I rewrt in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charty Commission under section 145151 Ib} of the 2011 Ad. Independent examinerfs statement Since the Company's gross income exceeded £250,000 your examinef must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l a member of ICAEW, which is one of the listed todS. I have completed my examination. I confirm that no maffers have come toJny attention in connection with the examination giving me cause to.believe'. 1. accounting records were not kept in respect of the Conyny as required by seclion 386 of Ihe 2006 A¢a,' or 2. the accounts do not 8¢cord wrth those records.. or 3. the accounts do not compty wf(h the accounling requirements of section 396 of the 2006 Act other than any requ1ment that the accounts gwe a 'true and fair viewythich is not a matter considered as part of an independent examination.. or 4. the atxounts have nol been prepared in accordance wrth the methods and principles of the Statement of Recommended Practice for accounting and reporting by chartties applicab to CharItS preparing their accounts in a¢danCe with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come a¢ross no other matters in ¢onne¢lion with the examination to which attention should be drabvn in this report in order to enable a proper understandiThJ of the aCuntS to be reached. Andrew Beet FCA Rice Associates Limited Market Chambers 34 maet Place Wokingham RG40 1AL
The Dow Clewer Foundation Statement of Financial A¢tivities Period.. 1st October2022 to 3IP S&pt8mber 2023 Unrestricted Kestricted Funds Funds TotalFunds Note Income: Donations and legacies Inte$1 Recewed 250.000 18.625 268,625 37 Total income 250,034 18,628 268,662 Expenditure Expenditure on charitabte activities 238,424 18.628 257.051 Total expenditure 238,424 18.628 257.051 Net incomellexponditurel and not movement in funds for the period 11.611 Reconciliation of funds Total funds brought forward 263,958 263.968 Total funds carrled foThvanl 275,568 275,568
The Dow Clower Foundation Statement of Financial Activities Period.. l¥ October 202110 3L* September2022 Total Funds Unrestricted Restricted Funds Funds Note Income: Donations and legacies Interest Received 250,000 250,000 18 21 Total income 250,018 250,021 Expendlture: Expenditure on charitable activrties 220,143 220,143 Totsl expenditure et incomellexpenditure} before ransfers for the period 220,143 220,143 29,874 29,877 Transfers 20.614 120.614) Net Incomel{expenditurel and net movement in funds for the period 120.611) 29,877 Reconciliatlon of funds Total funds brought foTh¥ard 213.469 20.611 234.080 Total furbds carried forward 263,958 263,958 The statement of financkql aCts.Vrt indudes all gains and kjsses recognised in the period. All income and expenditure derive from continuing activrties. The statement of financial activilies also complies with the requirements for an income and expenditure account under the Companies Act 2006.
The Dow Clewer Foundation Balance Sheet 301h Septemlw 2023 30th September 2022 Note Current assets Debtors Cash at bank and in hand Total Current Assets 276.228 276.228 264,558 264,558 Liabilities Credrtors falling due within one year Net Current Assets 10 (660) 275.568 {600) 263,958 The funds of the charity: Unrestricted income funds Restrided income funds 275,568 263.958 Total Charity Funds 275.568 263,958 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the period ended 30 September 2023. The trustees acknowledge their responsibilitEs for ensuring that the charity keeps a¢¢ounting records which Gomply wrth section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of reSoUrs, induding its income and expendrture, for the financial year in accordance with the requirements of sections 394 and 395 and which othefwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 04.06.2024 Signed.. Name DAimi CLEWER , Chair of trustees on behalf of the trustees. Company registration no. 12914102
The Dow Clewer Foundation Notes on the accounts - Period 1sr October 2022 lo September 2023- Accounting Policies The principal accounting policies adopted. Judgents and key sources of estimation uncertainty in the preparation of the finanaal slatements are as follows: al 8asis of preparatM)n The financial statements have been prepared in accordance wf(h the Charities". Statement of Recommended Practice (applicable to charities preparing Iheir accounts in accordance with the Financial ReF)Orting Standard applicable in the UK arKI Republic of Ireland {FRS 1021) (issued in October 2019) - {Charilies SORP {FRS 102)). the Financkgl Reporting Standard apF4icable in the UK and Republic of Ireland (FRS 1021 and the Companies Act 2006. The charity is a Public Benefit Entty as defined by FRS 102. The charity has taken advarrtage of the provisions in the SORP for charilies apptying FRS 102 Update Bulletin 1 nol to prepare a Statement of Cash Flows. The financial statements are prepared in slerfing. which is the functional currency of the charity. Monetary amounts in these financial¥Stalemenls are rovnded to the nearest £. The accounts are pyesenled for the period 1 * October 2022 to 30 September 2023. b) Going Concem At the time of approving the finanryal statements. the trustees are not aware of any material uncertainties about the charws abilty to continue as a going concern and have a reasonable expectation that the charity has adequate reSoUrS to continue in operational existence for the foreseeable future. Thus the trustees have adopted the going concem basis of accounting in preparing the financial statements. The Dow-clewer famity has discussed rts intention to continue supporting the charity with further signfficant donations in the upcoming period. T.le ¢harty also may make . ¢ommrtments to give grants in the upcoming ped. but as at the time of writing the total commitmenls do not exceed the cUrn1 cash at bank held by the d)arity. Income Income is recognised when the charity is legalty entitled to it after any perfomance conditions have been mel. the amounts can be measured reliably. and it is probable that income will be received. d) Fund accounting Unrestricted funds are available to spend on actNilies that further any of the purposes of the charty. Reslricted funds are donations whh the donor has specif*d are to be solely used for particular areas of the charity's work or for projects 'ng SUPFM)rted by the charity. el Expenditure and irrecoverable VAT Expenditure 1$ recognised On the is a kgal ly constructive obligation to make a payment lo third party. it is probable that settlement will be required and the anN)unt of the obligation Can be measured reliably. Debtors Trade and other debtors are recognised at the settlement amount due after any transaction occurs which triggers an amount owing to the charty in the future.
The Dow Clewer Foundatlon g) Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliabty. Creditors and provisions are nomialty recognised at their settlement amount after alk)wing for any discounts due. Legal slatus of the Tt The Trust is a charitable company limf(ed by guarantee incorporated in England and Wales and has no share capital. The registered Offi is Staple House. Eleanors Cross. Dunstable. Bedfordshire LU6 1 SU. In the event of a wind up or liquidation. its members will guarantee an amunt of £1 each for payment of cosls and associated charges. Income from donations arbd legacies Donations FY23 FY22 Gifts 268.625 268.62S 250.000 250,000 The incorne from donations and legacies was £268.625, of which £250,0fy) was UnstrIcted. Analysis of expenditure on charitable activitigs Rostrictod Unrestri¢ted FY23. £ FY23. £ Total FY23, £ Unrestricted Total FY22. £ FY22, £ Brass for Africa 75,350 75.350 70.000 70,000 Chiltem Way Academy 30,000 30,000 BHF CureHeart 30.000 ENO 25.000 25.000 25,000 Cobras Basketball Club 25.000 25.000 Royal Opera House 23.650 23,650 Other t)onations 18.628 58.477 94.368 94.368 Examine¢s fee 690 690 600 600 Bank & Governance fees 256 256 175 175 Total 18.628 238,424 257.051 220.143 220,143 Expenditure on charitable activits'es was £257,051 of whh £238.424 was unrestricted and £18,628 was reslrided. 10
The Oow Clewer Foundation Trustee remuneratlon and expenses The charity trustees were not paid and did not receive any other benefrts..from employment with the charity in the period. nor were they reimbursed expenses during the period. No charity trustee recerved payment for professional or other seryices supplied to the charrty. Staff Numbers The foundation employs no staff. Rèlated party transactions A donation of £200.000 was received from Robert during the perrt of which £SO,000 in GIft.d was daimed. Corporation Taxotion The chaftty is exempt from tax on incorne and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Tax*ion of Chargeable Gains Act 1992 to the extenl-thal these are applied to its charitable objects. Debtors FY23 FY22 Other deblors 10 Creditors: amounts falling due ¥thin one year FY23 Other credrtors and arual$ 690 690 600 11