Charity number: 1202831
The Bowen Foundation
Unaudited
Trustees' report and financial statements
For the year ended 30 April 2025
The Bowen Foundation
Contents
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 13 |
The Bowen Foundation
Reference and administrative details of the Charity, its Trustees and advisers For the year ended 30 April 2025
| Trustees | J Boraston |
|---|---|
| A Horton | |
| J Horton | |
| D Tuson | |
| Charity registered number 1202831 Principal office 37 St Margaret's Street Canterbury Kent CT1 2TU Accountants Kreston Reeves LLP Chartered Accountants 37 St Margaret's Street Canterbury Kent CT1 2TU Independent Examiner Samantha Rouse FCCA DChA Kreston Reeves LLP 37 St Margarets Street Canterbury Kent CT1 2TU |
Page 1
The Bowen Foundation
Trustees' report For the year ended 30 April 2025
The Trustees present their annual report together with the financial statements of the Charity for the year 1 May 2024 to 30 April 2025.
Objectives and activities
a. Policies and objectives
The Charity's objectives are to promote the conservation of the physical and natural environment by promoting biodiversity through activities such as (particularly but not exclusively), pond digging and glade clearance. The advancement of education for the public benefit in nature conservation and the enhancement and protection of biological diversity to advance such objects or purposes as are exclusively charitable according to the law of England and Wales as the Charity Trustees see fit from time to time.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Achievements and performance
a. Summary of Activities
Over the last year The Bowen Foundation has recieved a gift of £45,000.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
Sufficient reserves will be maintained to ensure at least 6 months' costs can be met.
Structure, governance and management
a. Constitution
The Bowen Foundation is a registered charity, number 1202831, and is constituted under a Trust deed.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Plans for future periods
Over the next year, the Charity will be continuing to focus on promoting the conservation of the physical and natural environment by promoting biodiversity through activities such as pond digging and glade clearance at Larkey Valley.
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The Bowen Foundation
Trustees' report (continued) For the year ended 30 April 2025
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
J Horton
Date: 4th November 2025
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The Bowen Foundation
Independent examiner's report For the year ended 30 April 2025
Independent examiner's report to the Trustees of The Bowen Foundation ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 April 2025.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
4 November 2025 Signed: S M Rouse Dated:
Samantha Rouse FCCA DChA
Kreston Reeves LLP
Chartered Accountants 37 St Margaret's Street Canterbury Kent CT1 2TU
Page 4
The Bowen Foundation
Statement of financial activities For the year ended 30 April 2025
| Note Income from: Donations and legacies 3 Other income 4 Total income Expenditure on: Charitable activities Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds Year ended 30 April 2025 £ 45,000 11,250 56,250 5,203 5,203 51,047 26,990 51,047 78,037 |
Total funds Year ended 30 April 2025 £ 45,000 11,250 56,250 5,203 5,203 51,047 26,990 51,047 78,037 |
Total funds Period ended 30 April 2024 £ 40,204 - |
|---|---|---|---|
| 40,204 | |||
| 13,214 | |||
| 13,214 | |||
| 26,990 | |||
| - 26,990 |
|||
| 26,990 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 7 to 13 form part of these financial statements.
Page 5
The Bowen Foundation
Balance sheet As at 30 April 2025
| Note Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Total net assets Charity funds Restricted funds 11 Unrestricted funds 11 Total funds |
11,250 45,730 56,980 (3,943) |
2025 £ 25,000 53,037 78,037 78,037 - 78,037 78,037 |
- 4,990 4,990 (3,000) |
2024 £ 25,000 1,990 |
|---|---|---|---|---|
| 26,990 | ||||
| 26,990 | ||||
| - 26,990 |
||||
| 26,990 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
J Horton
Date: 4th November 2025
The notes on pages 7 to 13 form part of these financial statements.
Page 6
The Bowen Foundation
Notes to the financial statements For the year ended 30 April 2025
1. General information
The Bowen Foundation is a charitable incorporated organisation, with charity number 1202831, and is registered in England and Wales. The Charity's registered office is 37 St Margaret's Street, Canterbury, CT1 2TU.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Bowen Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The financial statements are prepared in British Sterling and are rounded to the nearest Pound.
2.2 Going concern
The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
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The Bowen Foundation
Notes to the financial statements For the year ended 30 April 2025
2. Accounting policies (continued)
2.4 Expenditure (continued)
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Gift Aid
Where the right to receive Gift Aid has been established, the amount receivable is recognised as other charitable income in the Statement of financial activities.
2.6 Taxation
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
2.7 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives .
Depreciation is provided on the following basis:
Land - not depreciated
2.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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The Bowen Foundation
Notes to the financial statements For the year ended 30 April 2025
2. Accounting policies (continued)
2.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.11 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
3. Income from donations and legacies
| Donations Donations Donation of land Gifts in kind Total Donations Total 2024 |
Unrestricted funds Year ended 30 April 2025 £ 45,000 - - 45,000 45,000 40,204 |
Total funds Year ended 30 April 2025 £ 45,000 - - 45,000 45,000 40,204 |
Total funds Period ended 30 April 2024 £ 5,000 25,000 10,204 |
|---|---|---|---|
| 40,204 | |||
| 40,204 |
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The Bowen Foundation
Notes to the financial statements For the year ended 30 April 2025
4. Other incoming resources
| Gift Aid Analysis of expenditure by activities Charitable activities Total 2024 |
Unrestricted funds Year ended 30 April 2025 £ 11,250 Support costs Year ended 30 April 2025 £ 5,203 13,214 |
Total funds Year ended 30 April 2025 Total funds Period ended 30 April 2024 £ £ 11,250 - Total funds Year ended 30 April 2025 Total funds Period ended 30 April 2024 £ £ 5,203 13,214 13,214 |
Total funds Year ended 30 April 2025 Total funds Period ended 30 April 2024 £ £ 11,250 - Total funds Year ended 30 April 2025 Total funds Period ended 30 April 2024 £ £ 5,203 13,214 13,214 |
|---|---|---|---|
5. Analysis of expenditure by activities
Analysis of support costs
| Bank charges Legal fees Accountancy fees Total 2024 |
Charitable activities Year ended 30 April 2025 £ - - 5,203 5,203 13,214 |
Total funds Year ended 30 April 2025 £ - - 5,203 5,203 13,214 |
Total funds Period ended 30 April 2024 £ 10 5,620 7,584 |
|---|---|---|---|
| 13,214 | |||
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The Bowen Foundation
Notes to the financial statements For the year ended 30 April 2025
6. Independent examiner's remuneration
| Year ended | Period ended | |
|---|---|---|
| 30 April | 30 April | |
| 2025 | 2024 | |
| £ | £ | |
| Fees payable to the Charity's independent examiner for the independent | ||
| examination of the Charity's annual accounts | 3,180 | 3,000 |
| Fees payable to the Charity's independent examiner in respect of: | ||
| Taxation compliance services | 1,483 | - |
| All other services not included above | 540 | 4,584 |
7. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL). During the year ended 30 April 2025, no Trustee expenses have been incurred (2024 - £NIL).
8. Tangible fixed assets
| Cost or valuation At 1 May 2024 Net book value At 30 April 2025 Debtors Due within one year Tax recoverable |
2025 £ 11,250 11,250 |
Land £ 25,000 25,000 |
|---|---|---|
| 2024 £ - |
||
| - |
9. Debtors
Page 11
The Bowen Foundation
Notes to the financial statements For the year ended 30 April 2025
10. Creditors: Amounts falling due within one year
| Accruals and deferred income 11. Statement of funds Statement of funds - current year Balance at 1 May 2024 £ Unrestricted funds General Funds 26,990 Statement of funds - prior year Unrestricted funds General Funds 12. Analysis of net assets between funds Analysis of net assets between funds - current year Tangible fixed assets Current assets Creditors due within one year Total |
Income £ 56,250 Income £ 40,204 |
2025 £ 3,943 Expenditure £ (5,203) Expenditure £ (13,214) Unrestricted funds 2025 £ 25,000 56,980 (3,943) 78,037 |
2024 £ 3,000 Balance at 30 April 2025 £ 78,037 Balance at 30 April 2024 £ 26,990 Total funds 2025 £ 25,000 56,980 (3,943) |
|---|---|---|---|
| 78,037 |
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The Bowen Foundation
Notes to the financial statements For the year ended 30 April 2025
12. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ 25,000 4,990 (3,000) 26,990 |
Total funds 2024 £ 25,000 4,990 (3,000) |
|---|---|---|
| 26,990 |
13. Related party transactions
During the period, Trustees made cumulative donations of £45,000 (2024: £15,204) to the Charity.
In the prior year, the Charity received a donation of land, worth £25,000, from J Horton, a Trustee. This is to be used to further the charity's purposes and aims.
No other related party transactions occurred during the current or prior period.
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