Charity registration number 278033 (England and Wales)
THE JONATHAN TOWLER FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
THE JONATHAN TOWLER FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mrs J E Robinson Mrs M R Power Charity number 278033 Registered office Hill Farm Halse BRACKLEY Northamptonshire NN13 6DY Independent examiner Old Mill Accountancy Limited Unit 2 Greenways Business Park Bellinger Close CHIPPENHAM Wiltshire SN15 1BN Bankers HSBC 55 Corporation Street Coventry West Midlands CV1 1GX
THE JONATHAN TOWLER FOUNDATION
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of assets and liabilities | 4 |
| Receipts and payments account | 5 |
| Notes to the financial statements | 6 - 8 |
THE JONATHAN TOWLER FOUNDATION
TRUSTEES' REPORT
FOR THE YEAR ENDED 5 APRIL 2025
The Trustees present their annual report and financial statements for the year ended 5 April 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note to the financial statements and comply with the Foundation's governing document, the Charities Act 2011 and "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).
Objectives and activities
The objective of the Foundation is to pay its income to or for such charitable institutions or purposes as the Trustees think fit. The focus of the Foundation's activities remains the payments of donations to other charitable institutions or organisations. In the Trustees views, these donations enable these charitable institutions or organisations to continue to provide the services and resources they provide to certain sections of the public, which in itself, represents a public benefit.
Public benefit
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Foundation should undertake.
Development of the Foundation
The Foundation derives its income from its investment assets, including cash deposits and bank accounts. The Trustees have adjusted the investments to provide a stream of income available for potential distribution to charitable institutions or other purposes and so as to provide a sound capital base for the long term future of the charity.
Financial review
The Foundation's income for the year, before receipts from its investment portfolio, was £44,951 (2024: £58,430). The Foundation's expenditure for the year before income reinvested into its investment portfolio was £91,011 (2024: £83,467). Of this £59,745 (2024: £52,186) represents grants made by the trustees for charitable purposes. The remaining balance of expenditure represents administrative costs related to the running of the Foundation. The net assets of the Foundation at the year end were £2,082,182 (2024: £2,252,347).
Reserves policy
The Trustees policy is to apply the income year on year as it is received, so that expenditure broadly matches the income received. Where there is a surplus income over expenditure the amount is reinvested for future income growth which will enable the Foundation to potentially make greater donations in the future.
Free reserves at 5 April 2025 are in a surplus of £2,082,182 (2024: surplus of £2,252,347).
Major risks
The major risks to which the Foundation is exposed is as a result of its investments being subject to the fluctuations in the Stock Market as it has a significant portfolio of shares. The risk is mitigated by the appointment of a professional investment manager to manage the investments and by maintaining a broad range of investments at all times.
Structure, governance and management
The Foundation was founded by Mr EJH Towler on 16 December 1978 by a Deed of Trust, which was amended by a further Deed of Trust dated 24 August 1981. The settlor transferred £100 to the Foundation on 16 December 1978 and transferred additional property, together with Mrs MM Towler by Deed of Variation dated 22 December 1978. The Foundation is a registered charity and its registration number is 278033.
The Trustees who served during the year and up to the date of signature of the financial statements were: Mrs J E Robinson
Mrs M R Power
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THE JONATHAN TOWLER FOUNDATION
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
Recruitment and appointment of trustees
The Foundation is administered and managed by the Trustees. The power to appoint new Trustees vests in the patron, or with existing Trustees in the office of Patron is vacant.
The Trustees' report was approved by the Board of Trustees.
Mrs J E Robinson Mrs M R Power Trustee Trustee
29 September 2025
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THE JONATHAN TOWLER FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE JONATHAN TOWLER FOUNDATION
I report to the Trustees on my examination of the financial statements of The Jonathan Towler Foundation (the Foundation) for the year ended 5 April 2025.
Responsibilities and basis of report
As the Trustees of the Foundation you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the Foundation’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
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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1 accounting records were not kept in respect of the Foundation as required by section 130 of the Charities Act 2011.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
Rachel Wills, FCA Old Mill Accountancy Limited Unit 2 Greenways Business Park Bellinger Close CHIPPENHAM Wiltshire SN15 1BN
Dated: 1 October 2025
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THE JONATHAN TOWLER FOUNDATION
STATEMENT OF ASSETS AND LIABILITIES
AS AT 5 APRIL 2025
| Notes Monetary assets Bank and Cash Balances Bank current account Debtors Investment assets Managed investment porfolio - at market value 2 Other creditors Net assets |
2025 £ 5,407 2,049 |
£ 5,407 2,049 2,078,266 (3,540) 2,082,182 |
2024 £ 6,804 530 |
£ 6,804 530 2,248,463 (3,450) 2,252,347 |
|---|---|---|---|---|
The financial statements were approved by the Trustees on 29 September 2025
Mrs J E Robinson Mrs M R Power Trustee Trustee
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THE JONATHAN TOWLER FOUNDATION
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2025
| Notes Receipts Income receipts Income from investments Other receipts Receipts from managed investment portfolio Receipt of debtor balanced owed Total receipts Payments Expenditure payments Charitable expenditure 1 Investment management charges Bank charges Accountancy and independent examination fees Governance and secretarial expenses Other expenditure Other administration expenditure Other payments Reinvestment of investment income Total payments Net receipts / (payments) for the year Cash and bank balances brought forward Cash and bank balances carried forward |
5 April 2025 £ 44,951 63,000 530 59,745 22,634 140 3,690 4,752 - 50 18,867 (1,397) 6,804 5,407 |
44,951 63,530 108,481 91,011 18,867 109,878 |
5 April 2024 £ 58,430 68,000 - 52,186 21,327 130 3,450 5,687 530 157 37,103 5,860 944 6,804 |
58,430 68,000 |
|---|---|---|---|---|
| 126,430 | ||||
| 83,467 37,103 |
||||
| 120,570 | ||||
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THE JONATHAN TOWLER FOUNDATION
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2025
| 1 | Charitable expenditure | ||
|---|---|---|---|
| Analysis of donations paid: | 2025 | 2024 | |
| £ | £ | ||
| Air Ambulance | 2,000 | 1,000 | |
| Action 4 Youth | - | 5,000 | |
| Alzheimers | - | 250 | |
| Arthur Bank Hospice | 1,000 | - | |
| Benevity | 125 | - | |
| British Red Cross | - | 500 | |
| Cancer Research UK | 350 | - | |
| Children with Cancer | - | 500 | |
| Corpse Lodge Action | 500 | - | |
| Courtauld Institute of Art | 100 | - | |
| CLIC Sargent | 2,300 | - | |
| Crohns & Colitis UK | 2,000 | - | |
| Culworth Parish Church | - | 200 | |
| Cure Parkinsons Trust | - | 1,800 | |
| Deafblind UK | - | 1,000 | |
| Designability Charity Ltd | 1,000 | - | |
| EB Maggies Cancer Care - Royal Hospital Chelsea | 1,600 | 2,104 | |
| Epilepsy Research | - | 1,000 | |
| Evenley Wood Garden | - | 100 | |
| Givergy | 100 | - | |
| GOSH Great Ormond Street Hospital | 4,400 | 4,150 | |
| Hope and Aid Direct | - | 1,000 | |
| Horton General Hospital Charity | - | 1,000 | |
| Iceni Ipswich Charity | 2,000 | - | |
| Just Giving - James Place Charity | - | 3,300 | |
| Just Giving - Adam Odan PNI | - | 501 | |
| Just Giving - Victoria and Albert | - | 122 | |
| Katherine House Hospice | 2,000 | 2,040 | |
| Lawrence Home Nursing team | 3,100 | - | |
| Lois Weedon Church | 720 | - | |
| Macmillan Cancer Support | - | 502 | |
| Maker Church Restoration Appeal | 1,000 | - | |
| Meningitis Now | 1,000 | - | |
| MERU Medical Engineering Response Unit | 3,000 | - | |
| Mulberry Bush | - | 1,000 | |
| My Name5 Dobbie | - | 3,803 | |
| National Garden Scheme | 1,002 | - | |
| National Trust | - | 2,020 | |
| Northampton Samaritans | - | 3,000 | |
| NSPCC | 1,000 | - | |
| Oxford Hospitals Charity | - | 2,000 | |
| Parkinsons UK | - | 1,000 | |
| Peterborough Cathedral | - | 3,000 | |
| Preston Capes Church | 2,000 | - | |
| Rainbow Trust Childrens Charity | 5,675 | 1,000 | |
| Royal Agricultural Benevolent Institution | 5,000 | 1,000 |
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THE JONATHAN TOWLER FOUNDATION
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2025
1 Charitable expenditure
(Continued)
| Royal Hospital for Neuro-Disability Royal National Lifeboat Institution Royal Opera House Foundation Shine Charity Somerton Church St Johns Ambulance St Peters and St Pauls Preston Capes St Vincents London Supporting Wounded Veterans Thames Valle The Donkey Sanctuary The Felix Project The Mulberry Bush Orgainisation The Olive Branch TP Caring Spaces Tusk Trust The Royal Mardsen Cancer Charity The Salvation army The Sunshine London The University of Edinburgh Development Trust Tommys the pregnancy and baby care Tree of Hope UK Sailing Academy Walking Wounded Willow Investments Managed Investments portfolio - at market value Managed investment portfolio at 6 April 2024 Disposals and redemptions of investments Purchases of investments Investment income reinvested Payments to cash funds Unreaslised gains/(losses) on investments Management charges Managed investment portfolio at 5 April 2025 |
1,000 350 2,410 1,000 - - - 1,002 802 - - - - 202 500 - 1,002 1,000 1,001 501 2,001 2,001 1,001 - 1,000 59,745 2025 £ 2,248,463 (497,215) 572,017 44,951 (63,000) (204,316) (22,634) 2,078,266 |
- 350 1,423 - 300 500 500 - - 550 500 1,000 500 - - 301 - - - - - - 500 1,870 - 52,186 2024 £ 2,085,197 (335,197) 429,399 58,430 (68,000) 99,961 (21,327) 2,248,463 |
|---|---|---|
2 Investments
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THE JONATHAN TOWLER FOUNDATION
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2025
3 Trustees and related party transactions
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Foundation during the year (2024: £nil).
No Trustee received reimbursement of expenses during the year (2024: £nil).
At 5 April 2025, £nil (2024: £530) was due to the charity from Towler & Partners, a partnership with a common partner/ trustee.
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