1 ## **Trustees’ Annual Report for the period** **From 06/04/24 Period start date To 05/04/25 Period end date** **Charity name: Lloyd Cowan Bursary** **Charity registration number:1200146** ||**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 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 four rounds of grant-giving in
Autumn 2021, 2022, and 2023, and 2024,
we have awarded 381 annual grants to
athletes and coaches in support of their
athletic goals. In the current accounting
period, 110 grants were distributed to
athletes and coaches. These grants
included both financial support and access
to kit and equipment, through our
partnership with a global sporting brand.
We have received valuable feedback
through testimonials, social media, and
emails, which highlight the positive impact
these grants have had on recipients.| 2 |||In June 2024, we hosted the second
_Athletics for All_event in collaboration with
a leading sports event organiser. Held at
Lee Valley Athletics Stadium free event
introduced 100 primary school children
from North London to the sport of track
and field and gave senior school young
sports leaders an opportunity to support
the event.| |---|---|---| |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.| ## **Additional information** |**Additional information**||| |---|---|---| ||**SORP**
**reference**|| |Policy on grant making|Para 1.38|Applications are invited from UK based
and registered 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 events organiser, 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**|| |---|---|---| |Summary of the main
achievements of the charity,|Para 1.20|In four annual rounds of LCB awards from
Autumn 2021 to Autumn 2024 we have| 3 |identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole||awarded grants to 381 athletes and
coaches to support their athletic goals.
Recipients have shared feedback through
captured testimonials, social media, and
emails, highlighting the impact of the
grants. Here is feedback from an athlete
who received a grant in 2024:
_“Receiving a Lloyd Cowan Bursary means_
_so much to me, as it’s allowed me to order_
_kit that I needed for my winter training to_
_keep me warm whilst training outside. I can_
_save money I would have had to spend on_
_this and put it towards travel and food_
_costs for athletics. I am extremely grateful_
_for the support.”_
Recipients have reported benefits including
increased access to competitive
opportunities, travel support, purchasing
kit, covering gym fees, and assisting with
rehab. One coach wrote the following:
_” I am delighted to receive this bursary and_
_I’m very grateful to the Lloyd Cowan_
_Bursary and Amber Anning. This definitely_
_helps ease the financial burdens of a sport_
_where buying new kit is often sacrificed for_
_medical costs/physio/treatment. After a few_
_years of huge injury problems, this will_
_allow me to be able to have some much_
_needed new kit! Thank you!.”_
The grant has enabled coaches to buy
equipment, access kit, helped with
travel and transport costs to
competitions and created new
opportunities for recipients 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 third reporting period, the
charity held reserves of approximately
£12,074.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| 4 |||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 2025 our reserves totalled
approx..~£12,074.| |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| |Explanation of any
uncertainties about the
charity continuing as a
going concern|Para 1.23|This is not applicable| ## **Additional information** ||**SORP**
**reference**|| |---|---|---| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|The charity’s main source of funding
comes from donations by individual
supporters, businesses, and online
campaigns. These contributions were
primarily one-off gifts, with some regular
giving through our initial Total Giving
platform, which was replaced by
JustGiving in autumn 2023.
Over the past year, donations have made
up the majority of our income, allowing us
to continue supporting young athletes and
coaches with grants.
We have also partnered with a global
sports brand to give bursary recipients
direct access to kit and equipment.
We secured 10 places in the 2025 London
Marathon, with some participant
fundraising reflected in the 2024–2025
balance.| |Investment policy and
objectives including any
social investment|Para 1.46|Not applicable| 5 |policy adopted||| |---|---|---| |A description of the principal
risks facing the charity|Para 1.46|The principal risks facing our charity
include uncertainty around fundraising
income amid the ongoing cost of living
crisis. We also face challenges related to
trustee volunteer capacity and sustaining
supporter engagement. The trustees
actively monitor these risks and have
measures in place to ensure the charity
continues delivering its objectives. They
are also exploring ways to expand
fundraising opportunities.| |**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)| |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| 6 ## **Names of the charity trustees who manage the charity** |1
2
3
4|**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:
06.4.24 - 05.4.25|**_The LCB trustees are entitled to_**
**_appoint new trustees, provided a_**
**_majority agrees._**| ||Abdul Buhari||Trustee served for the
full year:
06.4.24-05.4.25|As above| ||Melanie Anning||Trustee served for the
full year:
06.4.24-05.4.25|As above| ||Karen Forbes||Trustee served for the
full year:
06.4.24-05.4.25|As above| |5|Cherry
Alexander||Trustee served for the
full year:
06.4.24-05.4.25|As above| |6|Sophie Hahn||Trustee served for none
of this year. Appointed
30.10.25|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 Sophie Hahn ## Other optional information N/A 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 Date: 30/01/2026 ||**Lloyd Cowan Bursary CIO**
**Charity Name**|**Lloyd Cowan Bursary CIO**
**Charity Name**|**Lloyd Cowan Bursary CIO**
**Charity Name**|**Lloyd Cowan Bursary CIO**
**Charity Name**|**Lloyd Cowan Bursary CIO**
**Charity Name**|**1200146**
**No (if any)**|**1200146**
**No (if any)**|**1200146**
**No (if any)**|**CC16a**| |---|---|---|---|---|---|---|---|---|---| ||**For the period**
**from**||4/6/2024
Period start date||**To**||4/5/2025
Period end date||| ||||||||||| |**Section A Receipts and payments**|||||||||| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
**4,249**
**-**
**-**
**-**
**-**
**-**
**4,249**
**-**
**-**
**-**
**4,249**||**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**||**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**||**Total funds**
**to the nearest £**
**4,249**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**4,249**
**-**
**-**
**-**
**4,249**
**4,393**
**375**
**-**
**101**
**214**
**30**
**-**
**-**
**5,112**
**-**
**-**
**-**
**5,112**
**- 863**||**Last year**
**to the nearest £**| |Donations including gift aid|**4,249**||||||||**5,375**| |British Athletics Supporters Club Donation|||||||||**300**| ||||||||||| ||**-**||||||||| ||**-**||||||||**-**| ||**-**||||||||**-**| ||**-**||||||||**-**| ||**-**||||||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**4,249**||||||||**5,675**| ||||||||||| |**A2 Asset and investment sales,**
**(see table).**|||||||||| ||**-**||||||||| ||**-**||||||||**-**| |**_Sub total_**|**-**||||||||**-**| |**_Total receipts_**
**A3 Payments**|||||||||| ||||||||||**5,675**| ||||||||||| |Bursaries Awarded|**4,393**||**-**||**-**||**4,393**||**13,600**| |Athletics For All|**375**||**-**||**-**||**375**||| |Postage|||**-**||**-**||**-**||**8**| |Website|**101**||**-**||**-**||**101**||**1,577**| |IT|**214**||**-**||**-**||**214**||**64**| |Travel|**30**||**-**||**-**||**30**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| |**_Sub total_ **|**5,112**||**-**||**-**||**5,112**||**15,249**| ||||||||||| |**A4 Asset and investment**
**purchases, (see table)**|||||||||| ||**-**||||||||| ||**-**||||||||| |**_Sub total_ **|**-**||||||||**-**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||||||| ||||||||||**15,249**| ||||||||||| ||**- 863**||||||**- 863**||**- 9,574**| ||**-**||||||**-**||**-**| ||**12,937**||||||**12,937**||**22,511**| ||**12,074**||||||**12,074**||**12,937**| CCXX R1 accounts (SS) 1 ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
Cash at bank
**Details**
Signature
Abdul Buhari|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**12,074**
**-**
**-**
**-**
**-**
**-**
**12,074**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
Abdulazeez Buhari|**Endowment**
**funds**
**to nearest £**| |---|---|---|---| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| ||Abdul Buhari|Abdulazeez Buhari|30/01/2026| ||||| CCXX R2 accounts (SS) 2