GOWANLEA CHARITABLE TRUST CHARITY NUMBER 1197050 TRUSTEES, REPORT AND FINANCIAL STATEMENTS
Reference ond admini5trotion detoils Trustees.. R L Crichton E A Crichton D F Crichton Principal Address.. The Gowanlea Charitable Trust c/0 R L Crichton Apartment $2 2 Riverlight Quay LONDON SWII 8AW owanleact@outlook.com Independent Examiner Douglas F McDonald CA 2 Octavia Buildings Kilmacolm PA13 4AE
Report of Trustees for the year ended 31 March 2025 Structure, Governance ond Management CIO Foundation Constitution registration was completed on 10 December 2021, with the Charity Commission, and that document appointed 311 the current trustees, The trustees have the power to assume such individuals to act as trustees as they consider appropriate. The trustees all served throughout the year and do not receive any remuneration. The Constitution gives the trustees wide discretionary powers in investment decisions. At the current time, the holding in Rathbones Group PLC has been retained, and is held in an execution only account at Rathbones. This was part of the deal for the sale of Mr R L Crichton's business. There is no time restriction on when the charity can sell those shares. Objectives and Artivities The objectives of the trust are laid out in the constitution. These are shown in Section Cl. The Charity has been established by the Crichton family, who wished to establish the Charity to formalise their philanthropic activity following the sale of a business (proceeds of which have been gifted to the Charity). The family may also add further funds to the Charity at any time. The Charity intends to make grants to fund projects and organisations which support its objects, initially with a focus on impact in England and Scotla nd. The trustees i ntend to i nitially prioritise im pact i n England and Scotland as the trustees are most familiar with this context. The trustees may, in the future, consider grant funding projects and organisations overseas (including for example, Portugall where the trustees determine that there is charitable need.
(If)Wdr,Ipa As a grant-making foundation, the Charity's general charitable purposes will enable it to support 3 wide range of charitable activities. Achievements and Performance and Financial Review The Trust has made some preliminary grants totalling £6,000 this year and details of these are given in C2. l. The trustees were delighted to support the voluntary contribution E F Crichton makes to AzuKo with two payments over the year (Total £5,000). 2. The other cause supported this year l£l,0001 was Viv Fairweather's challenge, climbing 16 Munr05, which battled wind, rain and fog as part of the global 16 Day5 of Activism campaign in a bid to raise awareness and help end violence against women and girls. It was a personal matter for the Clackmannanshire Women's Aid support worker. Viv took on the challenge in memory of friend and colleague Claire Inglis, who was murdered in her St Ninians flat on November 28 in 2021, in a domestic abuse incident. Over the financial year, the trust spent more than its total income. The year end coincided with some market turmoil around President Donald Trump's so-called 'Liberation Day" tariff announcement. Although markets have since recovered somewhat, the trustees do not plan to react to short-term concerns, are compensated by the well-covered dividend, and are long-term investors. The Trustees are about to set up a bank account, and register with HMRC for Gift Aid purposes.
Independent Examination The trustees retain Douglas F McDonald as Independenr Examiner, and his fee will be agreed annually. Declar(rtion The trustees declare that they have 3pproved the trvstees, report 3bove. Signed on behalf of the charity's trustees, R L Crichton Dote of oppmval (trustee)
,?',1<3;,e.u Lh J-, I.. Sectlon A: Statement of Receipts and Payments Period start date From 0110412024 Period end date 3110312025 To Current year Last year Al Receipts Dividends Interest 3,375 165 7,438 132 A2 Receipt5 from asset and investment sales Total Receipts 3.540 7,569 A3 Payment5 Charitable Donations Isee C21 Investment Management Fees Isee C51 {6.0001 300 {6,3001 282 12821 A4 Paymenls relating to asset and investment movements Total payments 16.3001 12821 Net receipts /lpaymentsl & Surplus/ Ideficitl for the year
Section 8: Statement of Balances all funds are unrestrlcted Bl Cash fund$ Current year Last year Cash and bank balances at start of year SL*rplusl Ideficitl shown on receipt5 and payment account Cash and bank balance5 at at end of year 7,228 16DI 4,468 7,228 B2 Investment5 Market valuation Last year valuation 97,125 96,750 83 Other assets Current Last year valuation valuation 84 Llabilities Amount due Last year Signed on behalf of all the trustees by L Cricbton date
Section C: Notes to the accounts11) ci Nature and purpose of funds The objectives of the Trust, copied from the trust deed, are.. 'for the public benefit to further such purposes which are exclusively charitable under the laws of England and Wales, from time to time, as the trustees see f it. C2 Grants Current Year Last year AzuKo Clackmannanshire Women's Aid 15.0001 AzuKo is a CIO and registered charity in England and Wales Ino. l 156354 One donation in December of £2,000 was part of a Big Give campaign to double the amount of money AzuKo received. See also Note C5 for more on AzuKo. Further detai15 of the donation to Clackmannanshire Women's Aid are given in the Report of the Trustees.
Section C: Notes lo the accounts (11 C3 |c4 Trustee Remuneralion Trustee Expenses No trustee receives remuneration or expense5. C5 Transactions with trustee5 and tonnected persons Nature of relationship Nature of transaction Transaction amoL*nt A R Crichton is R L and E A Crichton's son, nephew of D F Crichton, and is employed by Rathbones, as the manager of this account. The trustees deal with Rathbones on standard professional terms. Investment Management Fees E300 E F Crichton is R L and E A Crichton's daughter, niece of D F Crichton, and is on the board lon a volunteer basis) of AzuKo. The trustees are delighted to support her work there. Donations to AzuKo £5,000 C6 Other inlormalion Investments in Individual entities held al 31 March 2025 Year End number of Shares 31103124 Market Value 31103125 Market Value Historic Cost at year end Equlties Ralhbones GTOUP PLC 6,250 96,750 97.125 132.814
Independent Examiner's Report to the Trustees Gowanlea Charitable Trust Responstbilities and basis of report I report to the trustees on my examination of the accounts of the above charity 1.the Trust'l for the year ended 31 March 2025. A5 the ch3rity trustees of the Trust, you are responsible for the preparation of the accounts In accordance with the requirements of the Chèritie5 Act 2011 I'the Act'l. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Oirections given by the Charity Commission under section 1451511bl of the Act. Independent examiner's Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect" accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connect10n with the examination to which attention should be drawn In order to enable a proper understanding of the accounts to be reached. 511, /L6 Douglas F McDonald CA 2 Octavia Buildings Kilmacolm Date PA13 4AE io