**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 - 1 - ## **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 - 2 - ## **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: - 1 accounting records were not kept in respect of the Foundation as required by section 130 of the Charities Act 2011. - 2 the financial statements do not accord with those records; or - 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 - 3 - ## **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** - 4 - ## **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| |||||| - 5 - ## **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| - 6 - ## **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** - 7 - ## **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. - 8 -