Charlty number: 1202831 The Bowen Foundation Unaudited Trustees. report and financlal statements For the period ended 30 April 2024
The Bowan Foundallon ConlentB Pa Reference and admlnlstratlve detslls of the Charlty, Its Tntstees and advlsers Trustees. report Ind•pond8nt oxamlnerfs report statement of financial activltTe5 Balance sheel Notes to the Ilnanclal Btatements 7-11
The Bowen Foundatlon Refer@rm and admlnistratlve dotails of the Charity. its and advl8•rs For the perlod onded 30 Aprll 2024 TNstees J Boraston lappoinled 25 Ar1 2023) A Horton (appoinled 25 Aprl 2023) J Horton (appointed 25 Awl 20231 D Tuson (appoinled 25 Atffll 20231 Charlty regl8t•red number 1202831 Pilnclpal offlce 37 Sl Margarefs Street Canterbwy Kent CT12TU Accountants Kreston Re8V8s LLP Chartered Accountants 37 St margaV$ Street Canterbwy Kent CT12TU Ind•p•nd•nt Examlner Samantha Rwso FCG4 DCI Kreslon Reeves LLP 37 Sl Margarets Street Canlerbury K¢nl CT12TU Page 1
The Bowen Foundatlon Trustees. report For the perlod ended 30 April 2024 The Charity was incorporoted on 25 Aprfl 2023, and The TTUStee5 present thelr annugl report tog8ther with th8 financial statements of the Charity for the period 25 ApTII 2023 to 30 April 2024. Objectfvas and actlvltle8 . Polkles and obJectlveB The Charitys objectIves are to promote the Gonservatlon of th8 physical natural envlronmenl by promollng blodiverslty through activities such as Ip8rticularly but not exclusivetyl, pond digging and gl8d8 clearance. The advancement of education for Ihe publlc benefrt In nature conservation and the enhancement and pro18cllon of biologlcal diverslly to advance such objects or purposes as are excluslvely ch9rfta0 accordlng to the law of England and Walgs as the Charity Trustees 8ea fft from lo Ilme. In setllnu oblectives and planning for actIvies, Ihe Trust888 have glven du8 conslderalion to gengral guldanca publighed by the Charity Commission relating to publlc benefit, including th& guldanGe 'Publlc ben8flL runnlng charlty IPB21'. Achlev•ment8 and p•rfom?anco . Summary of Actlvltles Over Ihe18St y8gr The Bowen Foundation ha& 11 set up the Chadty Bank Account, 2) Applled ftjr Grft Ald whlch was approved under HMRC Charllles Reference number.. ZD21350, 3) Land to the valu8 of £25.000 has bagn transferred Into the Chority a8 a Gilt under Tille number K810969. Flnanclal revl8w . Gotng ¢on¢•m After maklng approprfale enqulrleg, th8 Trust have g re880nabl8 expectallon Ihat the Charfty has ode4uate r850urces lo conllnue In op8ralional exlslence for the foreseeable future. For Ihls rea50n, they contlnue to adDPt the going concem basis in preparlng the financial 81aloments. Further dètalls r8ggrdlng the adopllon of the golng concern ba518 can b8 found kn tho aGcounllng policies. b. Re8ems pollcy Sufficl8nt r98erves will be malnlalned to ensure al least 6 months, cost8 can be meL Structure* gpv•rnance and monagement Constitutlon Tho Bowen Foundotion Is a registered charlty. numb8r 1202831. and is GonsUtut8d under a Trust deed. b. M•thods of appolntment or electlon of Trustees The management of the Charity is the responslbllty of the Tru81ee¥ who are 818c18d and co-opl8d uThJer the 18mis of Ihe Trust deed. Plans for future p8rlods Over thè next year, the Charty wJll be focuslng on promollng the conservatn of the physlc81 and natwal enMronm8nl by promoting blodlversty through actlvlties such as pond dlgglng and glade dearance at Larkey Valley. Page 2
Th• Bowon Foundatlon Trustees. report {contSnued) For the perlod endod 30 Apffl 2024 Statement of Trustees. responslbllltlos Th9 Trustees are responsibie for preparlng the Trustees, report and the flnanclal siatements In accordance wlth appllcable law and United KirKJdom AuntIng Standards Iunlled Klngdom General Acceptsd Accounting Practice). Thè law appllcabl& to charities in England & W8188 requlres the TrusleeB to prepare flnanc181 st8tsmenl8 for gach fnancial perlod lch glva a true and falr vlew of the slate of affalrs of the Charlty of Its Incomlng r8sources and application of Yasources. Indudlng Ils Income and expendityjre, for that period. In preparlng the38 financlal statements, the Trustees are requlred lo., 8elecl 8ultable 8ccouriling policies and then apply them Gonslstenuy, observe thè malhods and principles of the Charities SORP (FRS 1021,. make Sudgmenls and accounllng 8stim8tes that are reasonable and prudent. stale whether applicable UK Accounllng Standaid5 IFRS 1021 have b88n followed. 8ubJaot to any malerfal departures disclosed and axplalned Sn thè fIrncl01 slalgm8nts; prepare the flnanclal statements C thè golng concèrn baslB unl8sB It Is Inopprtsprlats b presume that the Charity will conllnue In busina88. Th8 Trusteès are responsible for keeplng adequate accounllng r8Eords that are sufflclent to show and explaln the Charitys transactlons and disclose with reasonable accuracy al any tlrne the flnancial posillon of the Chartty and enable them to ensure Ihat lh8 flnanclal 8181gmgnls Gomply with the Chari1195 AGt 2011, the Charlty (Accounts and Reports) Regulallons 2008 and the provislons of the Trusl deed. They ar8 also r8sponslble for safeguardln9 the ossets of the Charlty and h8nc8 for laklng rèasonable steps for thè prav8nt6on and detecllon or fr8ud and other Irregularfles. Approvgd by order of the memb8T8 of th& board of Tru81ee8 and sluned on thelr behalf by: J H¢)rton Date: 2310912024 Page 3
The Bowen Foundatlon Indepèndent enmlnees report For the perlod 30 April 2024 Independent gxamln•rf8 report to th• Tntstees of The Bawen Foundatlon (Ihe Clwrlty'l I reptsrt lo th8 chw Truste8s on my examination of the arnts of the Chaiity for the perlod ended 30 Awil 2024. Rè8pon8lbi1S1ies and basls of rep As the Trustees of the Charity you are resp)n5itle for fv preparation of the accounts in acoJrdanc8 with the requtremenls of the Charities A( 2011 fthe 2011 Art). l report In r8SP8Ct of my examlnation of the Charws aCcOts canled oul under sectton 145 of th8 2011 Act and in carrying ¢JJt my examination I have folh)wed the applicabLe DrecnS g(ven by the Charity Commission under Sectlon 1451SXb) ol the 2011 Act. Ind•p8ndent examlnerf$ •tat•mènt Your attentlon fis drawn to the fxt that the Charlty has prepared Ihe accounts In accordance wlth Acc£untlng and Reporting by Charities.. Slatemenl of Recrnended Pracllce appltcable lo charfties preparing their accgunls In accordance wlth thè Fin8ncial Rewrting Standard applicable kn the UK and Rapublic of Ireland {FRS 1021 in prefererKe to the ACCOUnng and RePCting by Charities.. Statement of RecommeTrJed Pract6ce15sued on 1 Aprll 2006 whlch Is ralorr8d to in the Bxtsnl regulations but h88 been rylhdrawn. l under8taThY that Ihls ha8 bgen th)ne kn order for the accounts to provlde a true and fatr vlgw In accordance wlth the Gon8ralty Accepted A¢countlrvJ Praclke eflecll¥e rwrtlro pad$ b8glMlrKJ on or after 1 January 2015. I hav8 cOMeted my examknallon. I confwm thal IN) mallers have me to my attenlknn In connectknn wlth the ex8mlnatlon glvlng me cau8• to bèllèva th91 In gny matervl respect: accountlno records were tw)t kept In respect of the Chityas reqed by 8gGtlon 130 of the 2011 ACL or the accr do not accord wtth ltrme records: or the accounts do not 07mY wlth the appllcabte reqthments ts)ncemlng the form and content of accomts 8et out In the Charities (Accounts arKI Repts) Regulaliorts 2008 other than any requlrement that the accoun15 give a 'true and faif vlew whkh Ls not a matter Gonsldered as part of an indeperKfent examlnalton. I havè corernS and have come across fKJ other matter5 In wiMcon wh tho exejnination to whl¢h attenllon should be drawn tn Ihls r8PQrt in or(ler to enablo a propgr understandlng of the xeounts to be reached. This report Ig m8de solely to Ihe Charfvs Ttee$. as a body, in accordance wth Part 4 of the Charlll8S (Accounts and Reports) RegulalJns 2008. My WOTk has been undertaken so that I mwJhl state to the Ch8fW8 Tnjslees those matters l am requiied lo stsle lo them In an Ilependent examinerfs report ond for no othèr purpose. To the ftdlest extent pemiilted by law. l th Th)t aecept or assume reslK)nslblty lo anyono other than the Charlty and the Charitys Tnlee$ as a L. for mywork or for this report. Dated: 24 September 2024 Samantha Rous8 FCCA DChA Krnston Reeves LLP Chartered Accountant3 37 Sl Margarevs Street Canterbury Kent CT12TU Page 4
The Bowen Foundatlon statement of Ilnanclal actlvltles For the perlod ended 30 Aprll 2024 Unrestrlcted Total fund5 funds Perfod ended Perfod ended 30 April 30Aprfl 2024 2024 Note Income from: Donadons and legacles 40,204 40,204 Total income 40,204 40,204 Exp•nditure on: Charitable actlvitles 13,214 13314 Total expendlture 13,214 13,214 Nat movement in funds 26,990 26,990 R•conciliation of funds: Net movement In funds 26,990 26,990 Total fund5 carrled forward 26,99D 26,990 The Statement of ffnanelal activities includes all gain8 and1088es recognised in the period. The nolas on pagos 7 to 11 fomi part of these financlal $ts18ments. Page 5
The Bowen Foundatlon Balance sheet As at 30 Aprll 2024 21)24 Note Flxed assets Tangible assets 24000 25,000 Current assats Cash at bank and In h8r* 4990 4990 Crediiors.. amounts falling due within one year (3,000) Net current assets 1,990 Tot81 assets less current Ilabllltles 26,990 N8t assets excludlng penslon asset Total n8t assets 26,990 26,990 Charity funds Restricted funds Unrestrtctthl funds 26,990 Tolal funds 26.990 The finanThal statements were approved and aulhorised for188ue by the TrLLsle8s and gned on their behalf by.. J Horton Date= 2310912024 The notes on pag8s 7 to 11 fomi part of these financial stalemerrts. Page 6
The Bowen Foundation Notes to Ihe tlnan¢lal ststsments For the period ended 30 April 2024 General Inf0MtIon The Bowen Foundalk)n a tharitable incorporated organisation, wilh charity number 1202831. ' registered In England and Wales. The Charftys regthred offKe is 37 St Margarevs Streèt, Canterbury. CT12TU. Accountlng polkies 2.1 Ba855 of preparation of ffinanclal statements The fina1 statements have ken prepared in rdan with the Charities SORP (FRS 1021- Accounlirg and Reporting by Charibes: Statement of Recommen(led Pracllce appllcable to tharities preparing thr COUnts In a¢cordarKe wth Ihe FIr0la1 Rep)rting Standard applKable wi the UK arKI Reput1 of Ireland IFRS 102) leffectNe 1 Jarwry 2019). the Financial Rpporting Standard appltcable n the UK and Repubk of Ireland (FRS 102) 8TrJ the Chartlle5 Act 2011. The finanual statements have been prepared to give a 'lrue and fairf Mew have departed from the Charities (Accwnts and Reports) Regulatbns 2008 orty to the extent requir8d to provid8 a Irue a1 fairf Mew. ThLs departure has invdv8d followirwj the Charities SORP (FRS 1021 publlshed In Oclober 2019 rather than the ACcnrj and Reporting by Charrties: Stslement of Recommended Practlce effectNe from 1 Awil 200S which has since been vAUMlrawn. The Bowen Foundation meets the Crin11 of a public benefit enbty under FRS 102. Assets 8nd IL4bilities are initially rec09rSed at histori cost or transaGlh)n value unles5 othemse stsled in th relevant )Untg polry. The financial statements are in Brthsh S¢erfng and are rounded to the nearest PourKI. 22 GolrvJ concern Tho Trustees assess vthther the of coTrc8m is 8PPTwriate i.e. whether there are any malerlal un¢ertwnti8s related to eVts condikntms U)at may st signrficant thubt on th8 ability of the Charty to contlnue as a g(MrvJ o)rK*m. The TTUStee5 make this assessment in respect of peTiod of at least orE year from the date of authowlKm issue of the financtsl statements and have concluded that Lhe Charity has adequale resource5 to ContUe in operational exist8nc8 for the fCe08b1e future and there no matertal uncertainties abolrt the Charivs ability lo n1th8 as a going conM. thus th8y INtinUe to the gollig concem basis Df accounting in preparing th8 financkl statements. 23 Income Al income is rectsjnlsed the Charity has entikn8nt trj the income, it i8 probabie thal the Irome will be reCd and Ihe anbjtht of income recevaL4e can be mea5tTed reliabty. 2.4 Expendlture Experkliture is recogni5ed On thorn a lega or con5trucbve obligation to transfer ecunomic benefft to a third party. it is probable that a trdnsfer of economic benefits ffill be required in settlement and th& amount of the obligabon can be measured refiat4y. Expenditure is classiffed by activity. The costs of each actsvbty ar8 male up of lotsl of direct Costs and shar8d cosfs. including support costs Snvolved In lertakIng each activity. TeCt costs attribulable to a single actiwty are allocated direcuy to that actiwty. Shared costs wlith contrlbute to more than on8 8Cttwty and support costs whlch are not attributable to a sr¥Jle athity are apFrfJrt•)ned betren Ih05e actw[l5 on a basis consistent with the use of resources. Central staff costs are 8llocaled C the basis of bme spent. depreciallon charges all(ted on the Frfjrlion of Ihe asset's use.
The Bowen Foundatlon Notes to the flnanclal 5taternents For th8 perfod ended 30 April 2024 Accountlng pollcles Icontlnuedl 14 Expendlturn (contlnued) ExFenditure on charit&l8 activities 15 incurred on direclly undertaklng the act[tieS which fvrther the Charitys objectives, a5 well as any associated support Costs. All exp8nditure is IrlUsIve of Irrecoverable VAT. 2.5 Tanglble fixed assets and depreclatlon Tanglble fixed assets are Inlllally recognised al cost. Aft8r recognition, under the cost mcthl, tanglble fLxed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Atl costs Incurred to bring a tangibl8 fixèd asset into ils intended worklng condition should be inclLKled In the measurement of cost. D8precialion is charged so as to allocate the cost of 18nglble fixed assets less thelr resldual valu6 over thelr estimated useful lives Depreci8tion is provlded on folhjwrng basls.. Land - mt depreciated 2.8 Cash at bank and In hand Cash al bank and in hand 1Ce$ cash and shJrt-teTm highly liquid Investments with a short maturity of three month5 or less from the date of acqu151tion or opening ol the deposit or similar account. 2.7 Llabllltles and provisions LIablI1@S are recognlsed when there Is an obllgallon 81 Ihe Balance sheet date as a result of a pasl event, it Is probable that a transfer of economlc b8nefrt wll b? required in settlemenL and the amount of the settlement can be estimated reliably. Llabllties are rec¢y3nised al the amount Ihat th8 Charity 8nllcip8tes it will pay lo settle the debt or the amount it has received as advanced payments for the goods or servlces It must provide. Provision5 are measured at the best astlmate of the amoLr¢ts required to settle the obltgatSon. Where the effect of the Ilme value of money mal8rial, the provision ts based on the present value of th05e amounts, discounted at the pre-tax discounl rale that reflects the risks specrfic io the liabilty. Th8 unwinding of the discount Is recognised in the Statement of financial aCtitieS as a finance cost. 2.8 Flnanclal Instruments The Ch8rify only has financial assets and financial liabilities of a klnd that qual as b8slc flnanclal instruments. Basic finanrlal Instruments are initially recognised 81 transaction value and subsequently measured al their settlement valLte with the excepllon of bank loan8 which are subsequently measured at amortSsed cost using th8 effective inleresl method. 2.9 Fund aGcounllng General funds are mreslricled funds whlch are availatle foT use 8t the discrelion of the Trustees In furtherance of general objectwes of the Charity and which havè not been deslgnated for other purposes. Page 8
The Bow•n Foundatlon Note¥ to the financlal statements For the perlod ended 30 Awll 2024 Income from donatlons aThd1ogachs Unrestrlcted funds Perfod Totlll funds Perlod ended 30 Aprfl 30 April 2024 Donatlons t)onations Donallon of larrtj Glfts In klnd 5,000 25,000 10,204 5,000 25,000 10,204 Total Donatlom 40.204 40,204 40.204 40304 Analysls ol exp•ndltur• by actMIIo• 8upport Total funds Perlod endod 30 Aprll 2024 Perlod ended 30 Aprll 2024 Charitable ac1¢$ 13,214 13.214 Analy•ls of gUPPOrt costs Total funds Perf¢d endod 30 ApTII 2024 Acllvltles Perlod endgd 30 April 2024 Bank chwps Legal fees Aco)untsncy fees 10 10 5.620 7I84 5.620 7,584 13.214 13214
The Bowen Foundation Notes lo the flnanclal Statements For the perlod ended 30 ApTII 2024 Independent examlnerfs remunaratlon Perfod ended 30 Aprll 2024 Fees payable lo the CharitS independent examlner for the IndepervJ8nt ex8minatlon of th8 Charitys annual accounts 3.000 Trustees. remunèration and expenses During th8 p8riod, no Trustees recelved any reMneIlon or other benefits. During the pedod ended 30 April 2024, no Truslpe expBnses have been inrred. Tanglblo fixed assets Land Cost or valuation Additions 25.000 AI 30 Aprfl 2024 25.000 Net bookvalue At 30 April 2024 25.000 Credltors: AmDunts falling due wlthln one year 2024 Accruals and defeThed income 3,000 Page 10
The Bowen FodatIon Notos to the flnancial sLitem•nts For the period ended 30 Aprjl 2024 S&itement of funds statement of funds . current period Balance at 30 Aprfl 2024 InGom• Expgndlture Unrestrlctod funds General FurK15 40,21)4 (13,21 26.990 10. Summary of funds Summary of funds-current perfod Balance at 30 Aprll 2024 Income Expenditure General funds {13214) 26,990 11. Analys1$ of not assets between funds Analysls of nEI assets IVeen fund5. CYent wJod Unre$trlctad nds 2024 Tot?1 funds 2024 Tanglble fixed assets Current assets Cre(rrtor5 due wthw) on8 year 25.(K)O 4.990 13.OODI 25,0 4.990 (3.000) Total 26.990 26,990 12. Related party transactions During the period, the Charity receNed cumLlative donaknns of £15.204 from Ih8 Tru51ees. In addition, the Ch*ity received a Lkjnation of land. woth £25.000. frcffl J Horton. a Trlte@. Thls land Is to bè used to further the charitys PLffposes and alm5. No Othgr related paty tran$th 0irr& the t(. Page 11