1 ||**SORP**
**reference**|| |---|---|---| |Summary of the purposes of the
charity as set out in its governing
document|Para 1.17|The Lloyd Cowan Bursary was set up in
2021 following the death of legendary GB
athletics coach Lloyd Cowan MBE. Lloyd
was known for his success in tirelessly
guiding, inspiring, and instilling belief in
athletes and coaches to help them achieve
their potential.
The Lloyd Cowan Bursary continues
Lloyd’s work to advance athletics. The
Bursary awards grants annually to UK
licenced coaches and unfunded athletes
aged 16-23, for whom youth, disability, or
social and economic circumstances are
barriers to accessing developmental
opportunities in the sport.| |Summary of the main activities
in relation to those purposes for
the public benefit, in particular,
the activities, projects or
services identified in the
accounts|Para 1.17
and 1.19|Across two rounds of grant giving in
Autumn 2021 and 2022, we awarded 160
annual grants to athletes and coaches to
support their athletic goals. Through
testimonials, social media, and emails, we
received feedback on the impact LCB
grants have had on recipients.| |Statement confirming whether
the trustees have had regard to
the guidance issued by the
Charity Commission on public
benefit.|Para 1.18|The trustees confirm that they have had
due regard to the Charity Commission’s
guidance on public benefit when exercising
their duties.| 2 ## **Additional information** |**Additional information**||| |---|---|---| ||**SORP**
**reference**|| |Policy on grant making|Para 1.38|Applications are invited from UK based
athletes aged 16-23 and licensed coaches
for whom cost is a barrier to accessing
developmental opportunities. The
application should demonstrate clearly the
difference that the grant will make to the
applicant’s development and how it will
contribute to their progression towards
excellence.| |Policy on social investment
including program related
investment|Para 1.38|The Lloyd Cowan Bursary aims to partner
with external, sports-related organisations
to expand opportunities for both our
grantees and the next generation of
athletes. We have established successful
partnerships with a global sports brand, a
leading marathon provider, and an athletic
equipment supplier.| |Contribution made by volunteers|Para 1.38|The trustees are all volunteers and are also
supported by one of Lloyd’s former athletes
who assists with LCB’s social media
platforms.| **SORP reference** 3 |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to the
circumstances of its
beneficiaries and any wider
benefits to society as a whole|Para 1.20|Between Autumn 2021 and Autumn 2022,
we awarded annual grants to 117 athletes
and 43 coaches to support their athletic
goals. Recipients shared feedback through
testimonials, social media, and emails,
highlighting the impact of the grants. They
reported benefits such as access to
competitive opportunities, travel support,
purchasing kit, covering gym fees, and
assisting with rehab. One coach shared
that, after 20 years, this was the first time
their contribution had felt recognised. The
grant also enabled others to buy
equipment, take courses, and travel to
competitions in support of their athletes.
The overriding sentiment was that receiving
a grant had created new opportunities
within the sport.| |---|---|---| ||**SORP**
**reference**|| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|At the end of this first reporting period, the
charity held reserves of approximately
£22,511. These reserves are maintained to
ensure the charity’s financial stability, cover
unforeseen expenses, and support our
ongoing activities. The trustees consider this
level of reserves appropriate to safeguard the
charity’s operations in the short term.| |Statement explaining the
policy for holding reserves
stating why they
are held|Para 1.22|The charity’s reserves policy ensures the
sustainability of our bursary programme over
the long term. Donations are primarily used to
fund grants and bursaries; however, not all
funds are spent each year. Holding reserves
allows us to provide consistent support to
beneficiaries in future years.| |Amount of reserves held|Para 1.22|On 5thApril 2023 our reserves totalled
~£22,511| |Reasons for holding zero
reserves|Para 1.22|This is not applicable| |Details of fund materially in
deficit|Para 1.24|This is not applicable| 4 |Explanation of any
uncertainties about the
charity continuing as a
going concern|Para 1.23|This is not applicable| |---|---|---| ## **Additional information** |**Additional information**||| |---|---|---| ||**SORP**
**reference**|| |The charity’s principal
sources of funds (including
any fundraising|Para 1.47|The charity’s principal source of funds comes
from donations made by individual supporters,
businesses and online campaigns. These
donations were raised mainly through one-off
contributions and some regular giving to our
initial Total Giving donation platform, and
fundraising events such as_Art of the Athlete_in
May 2022. In the past year, donations have
accounted for the majority of our income,
enabling us to support young athletes and
coaches with grants.| |Investment policy and
objectives including any
social investment
policy adopted|Para 1.46|Not applicable| |A description of the principal
risks facing the charity|Para 1.46|The principal risks facing our charity include
uncertainties around fundraising income,
during an ongoing cost of living crisis.
Additionally, we face risks related to trustee
volunteer capacity and the ability to maintain
engagement with supporters. The trustees
monitor these risks and have measures in
place to ensure the charity can continue
delivering its objectives.| |**Description of charity’s**
**trusts: SORP**|**SORP**
**reference**|| |---|---|---| |Type of governing document|Para 1.25|The charity’s governing document is its
Constitution, as adopted when the
organisation was established as a
Charitable Incorporated Organisation
(CIO)| 5 |How is the charity
constituted?
(e.g. unincorporated
association, CIO)|Para 1.25|The charity is a CIO| |---|---|---| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body
entitled to appoint one or
more trustees|Para 1.25|Trustees are selected based on their
range of skills, experience, and
commitment to the charity’s objectives.
New trustees are appointed in
accordance with the Constitution, which
allows for election by existing trustees.
This ensures the board maintains a
diverse and capable team to govern the
charity effectively.| |Charity name|Lloyd Cowan Bursary| |---|---| |Other name the charity uses|LCB| |Registered charity number|1200146| |Charity’s principal address|191 Redbridge Lane East
ILFORD
Essex
IG4 5DF| ## **Names of the charity trustees who manage the charity** |1
2
3|**Trustee name**|**Office**
**(if any)**|**Dates acted if not for**
**whole year**|**Name of person (or body)**
**entitled to appoint trustee**
**(if any)**| |---|---|---|---|---| ||Christine
Ohuruogu||Trustee served for the full
year:
23.8.22 - 05.4.23|**_The LCB trustees are entitled to_**
**_appoint new trustees, provided a_**
**_majority agrees._**| ||Abdul Buhari||Trustee served for the full
year:
23.8.22 - 05.4.23|As above| 6 |4|Melanie Anning||Trustee served for the full
year:
23.8.22 - 05.4.23|As above| |---|---|---|---|---| ||Frank Attoh||Trustee served for the full
year:
23.8.22 - 05.4.23|As above| |5|Karen Forbes||Trustee served from
24.2.23 – 05.4.23|As above| |6|Cherry
Alexander||Trustee served from
24.2.23 – 05.4.23|As above| ## **Trustees: names of the trustees at the date the report was approved** **Trustee name** Christine Ohuruogu Abdul Buhari Melanie Anning Karen Forbes Cherry Alexander ## Other optional information The Lloyd Cowan Bursary (LCB) was launched in 2021 following the unexpected death of Lloyd Cowan from Covid-19 complications. It was established under the umbrella of the Youth Charter charity (YC), which hosted an LCB page on its website and set up a Total Giving donation platform to manage contributions. Donations to Total Giving were paid (via Stripe) into Youth Charter's bank account, with YC then processing LCB's financial transactions (including all grant payments) until we were able to open our own account. Youth Charter has confirmed that our funds were not held separately from their own. In September 2023, Youth Charter transferred the reserve funds to our LCB account. In March 2023, we incurred the capital expense of the design to set up of a website to support the charity's work. During the reporting period, an initial payment of £1,276.50 was transferred to the designer through Youth Charter. The trustees declare that they have approved the trustees’ report above. **Signed on behalf of the charity’s trustees** 7 Signature(s): _Abdul Buhari_ Full name(s): Abdulazeez Buhari Position: Trustee 20/12/204 Date: