REGISTERED CHARITY NUMBER: 283025 Charteiecl Accountants Report of the Trustees and Financial Statements for the Year Ended 5 April 2025 For The Bower Trust eenM) Close Coiciiff Goie 8uness Polk coidm CF23 &&A C•id bu&ne&s potentiol unleoshed
The Bower Trust Contents of the Financial Statements for the Year Ended 5 April 2025 Page Report of the Trustees Independent Examlnefs Report statement of Flnancial Activities Balance Sheet Notes to the Flnanclal Stslements 7 to 10
The Bower Trust Report of the Trustees for the Year Ended 5 April 2025 The trustees present their report wrth the finanual statements of the chartty for the year ended 5 April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Piactice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019). REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number. 283025 Registered office Barton Edge Worthy Road Winchester Hampshire S023 7AG Trustees Mrs C V E Benfield Mr R D Benfield Mr J C Benfield Trust admlnlstrator Robert Benfield Independent examiner Andrew Lloyd Mille( FCA BPU Limited Chartered Accountants Radnor House Greenwood Close Cardiff Gate Business Park Cardiff CF23 8AA Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
The Bower Trust Report of the Trustees for the Year Ended 5 Aprll 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The trust was established under a Deed of Tnjst dated 20 February 1981. Decision making process The Trust is organised, and policy implemenled, through the Board of Trustees. The Trustees conduct their business by means of telephone, correspondence. computer communications and Trustee meetings. The Trust is adminislered by Mr R Benfield. who is also a Trustee of the Trusl. Mr Benfield is acting on behalf of all of the Trustees. Electlon of The Board The Board of Tiuslees fevEw trustee appoinlrnents on an annual basis. Rlsk assessment The Board of Truslees consider relevanl risks in making investment and grant decisions. OBJECTIVES AND ACTIVITIES Charltable purpiYJe and obje¢tives The objectives of the Trust are lo support, from the income of Ihe Trust by donations and subscriplions, charitable institutions and their obieclives at the Truslees. discrets'on. The Trustees have identified their main interests as being in charities connected with Africa, climate change and oharilies wrth activities in Wales. Generally, the Trustees are not interested in regional requests from charities. Applications. within the above guidelines set out by the Trustees, are considered on a quarterly basis. Additionally, the Trustees make donations and subscriplions based on their own continuing interests which include Aride Island. Llanilltyd Fawr in Flower and Museum of Childhood at Sudbury. The donations and subscriptions made enable the charities lo meet their objectives and to provide benefit to the public The Trustees have confinned that they have referred to the guidance of the Charity Commission's general guidance on public benefit. when reviewing the Trust's aims and objectives in planning future activities and setting the grant making policy for the year.
The Bower Tnt Report cdtho Tniste for th• Year End•d 5 Aprll 2025 FINANCIAL REVIEW hl•v•monts and performanc• ol th• Tt During the year chantsb grdnts and subs1p were mad8 to 32 {21r24- 25) dlfferent (tharitlos totalling £63,5 {2024_ ,5()) The largèst grant made was: 181ond ConseNatlon So(ty LIK. £20.IXKI Examlnation of the schedule of grants in Th)te 3 to tha finandal 8tataments will sh(M that tho Trustees have futfilled the objecths of th8 Tnjst by mthng grants Substantialty for use In AfrIL¥ and Wde8. As In pre¥kns wr8 tho d(¥thns arn malnty for envlrrmrnentsl, wlldllle and communty projects. PlnanGlal rov1, In¥••t •nd rM•rv•8 pollcy Flnanclal r•vl•w There have not been any nlfvxnt in Trt$ 4ctrrfil88 or tho m8nw in vthich thaso The Investrnont for the yw was £64.237 (£62.171 - 2024) llh grarts r•c•lved totalllng £3,CX)0 {2024- £0). There was a nel surplus of £86.046 {2024 - SuU8 £31.19S) for tho ar ljefore thange In markot valu8 of investrnonts. tring th8 year £86,866 was transferred frn Th8 Playthlros P8$t Musoum Trust lo tho Bowor Tru8t to be hekl until the funds aTe transfarr8d to the National TTu8L Thls fund is Indud•d wlthln th8 net 8urplus for tho y•ar aThl Is held 88 8 r88trithd fuThJ. Inv••tm•nt and r••r¥ pollcy The Truste85 Intend to relain a1ovg1 d investrnts to woduc4 in(xTh for grants and ¥ubscripUon& In totallty. thore was an overall 6urplus for t year of £Z6.57912024 - sU$ £48.527} whkth ha8 been added to th8 res8rves brought f(Therd from y8W. At Aprll 2025 lh8 unre8trt<ed reservé balarth h88 rj to £1.650.845 {2024: £1,711.132) and the re8trlcted rr¥6 Y•7S £86.868. Undor tho Deed of Tn the Tnte81 are ampw to retsln wThwstinerts fry as lorvJ as th8y In thelr absolute dlx¥ellon thlnk fft 8 sultable le1 d income to coNtr any requesis grants they r1¥8. Firture plans It 1$ intended to U8e the hmd8 deacrtbod above to (¥xrtlnue the rtleclives crf the TrusL as earN8r dosGdbed, Irvjellnttety. Th1$ means that thg TJu$te8# be hxklng to mak• clwllth grants rrf drca £40.000 on an annuBI b8818 bthllst maintalning totsl reserves levels to provkle future Inc¥)rne Streams from which 81mi18r levels of charitabl8 grants c*n be mada nnual basB. roved by order ofthe Trustets on .. arKI 8ign8d on ts behall ty.. MrRDB
Independent Exarninerfs Report to the Trustees of The Bower Trust I report lo the charity trustees on my examination of the accounts of the Trust for the year ended 5 April 2025. Chortered Accountonts Respectlve responslbllitles of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audrt is not required for this year (under Section 144(21 of the Charthes Act 2011 (the 2011 Act)) and that an independent examination is required. It is my responsibility to.. examine the accounts under Section 145 ofthe 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commission {undef Section 1451Sllb) of the 2011 Act)., and to state whether particular matters have come to my attenlion. Basls of the independent exarninerfs report My examination was carried out in accordance vthh the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charty and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees conceming any such matters. The produreS undertaken do not provide all the evidence that would be required in an audit, and consequenuy no opinion is given as to whelher the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below. rt¥Jroi uSe Greenwojo cSe Coidiff Gole Buynèss Po Cuclff CF23 &44 Independent examlnerfs statement In connection with my examination, no matter has come to my attention.. (1) which gives me reasonable cause to believe that. in any material respect, Ihe requirements lo keep accounting records in accordance wrth Section 130 of the 2011 Act,. and to prepaie accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met.. or 12) to which, in my opinion. attents'on should be drawn in order to enable a proper understandin9 of the accounts to be reached. IhÈUKorx1rwJeaftd a Andrew Lloyd Miller FCA BPU Limited Chartered Accountants Er¥Jw05 Date.. bPULPd Cc¥TVTht4iffr*v 37?394ts business potential unleashed
The Bower Trust Statement of Financial ActiVTties for the Year Ended S April 2025 2025 Total funds 2024 Total funds Unrestricted Restricted fund funds Note5 INCOME Investment income Grants from other charitable trusts Transfer of Playthings Past Museum funds 64,237 3.000 64.237 3,000 86.866 62.171 86,866 Total 67,237 86,866 154,103 62,171 EXPENDITURE ON Charitable actlvltles Raising funds Grants Governance costs 2,150 63,500 2.407 2,150 63,600 2,407 2.205 26,500 2,271 Total 68.057 68,057 30,976 NET IEXPENDITUREIIINCOME {8201 86,866 86.046 31,195 Net galnslllosses) on Investments 159.467) 169.467) 17,332 NET MOVEMENT IN FUNDS 160.287) 86.866 26,579 48,527 RECONCILIATION OF FUNDS Total funds brought forward 1,711,132 1,711,132 1,662,605 TOTAL FUNDS CARRIED FORWARD 1.650.846 1,737.711 1 711 132 CONTINUING OPERATIONS All income and expendrture has arisen from continuing activities.
The Bowor Tnmt Balan Sheet At 5 April 2025 2025 2024 FIXED AsgeT8 Investrnents 1,STY.017 1.627.028 CURRENT A&%Ers BanC6S at bank 162.794 86,104 1,739.811 1.713.132 CREDrroRS Amounts f8llng dug *4th1n one (2.100 (2,000) NEf CURRENT ASSEf3 1737711 1711 132 TOTAL ASSETS LESS CURREKr LIABILITIES 1.n7,711 1,711,132 NEf A88ET8 1737 711 1711 132 FUNDS Unrestmded funds Reslfirtod lund• 1.850,845 1,711,132 TOTAL FUNDS 1737 711 1711.132 3o/o.i.].?ol.£ The finandal 8talèmèrrts 8pwoved by Board of Trugtwg on ...... arKI Yre 8kJnad on tts bJh811 by: MrRD
The Bower Trust Notes to the Flnan¢lal Statements for the Year Ended 5 Aprll 2025 ACCOUNTING POLICIES Basls of preparlng the flnancial ststements The financial statements of the charity. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial ReFKJrting Standard applicable in the UK and Republic of Ireland {FRS 102) leffective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and Ihe Charrties Act 2011. The financial statements have been prepared under the historical cost convention. Financial reporting standard 102 - reduced disclosure exemptions The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permrtted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Slatement of Cash Flows. Income All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantrfied with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classrfied under headings that aggregate all costs related lo the category. Where costs cannot be directly attributed lo particular headings they have been allocated to activilies on a basis consistent with the use of resources. Flxed asset Investments Fixed asset investments are staled al market valuation. Unrealised gains or losses are taken directly to the Statement of Financial Activities. Fund accounting Unrestricted funds can be used in accordance wrth Ihe charitable obj'eclives at the discretion of the trustees. Restricted funds can only be used for particular r8Stricted purposes wthin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. INVESTMENT INCOME 2025 2024 Dividends Interest income 63,963 274 62,021 150 64.237 62.171
The Bower Trust Notes to the Financlal Ststements - continued for the Year Ended S April 2025 GRANTS 2025 2024 Action Against Hunger African Farms Amos Trust Amref South Sudan Apopo Herorats Africa Caendon Care and Repair Concern Worldwde Deki Togo Foundation of Peace Uganda Gorilla Org Uganda Hummingbird Initiative ICS UK Aride Island Conservation Society UK Joliba Mali Kids for Kids Livingslone Tanzania Llanilltyd Fawr In Flower Llantwit Major Chamber Music Festival Macmillan cancer Makhal Medair South Sudan Mondo Foundation Tanzania MSF Medecins Sans Frontiere New Ways On C811 Africa Practical Action Rainforest Foundation UK Recycle Africa Recycle Bikes Rescue the Perishing RTPC Ghana Sand Dams Worldwide Small Steps Projecl Solaraid South Sudan Refugees in Uganda Si Illtyds Church Street Children Liberia Support Through Court Tanzania Development Trust UK Transport Borkina Tree Aid Turbo Ghana Velindre Cancer Centre Village Water World Cancer Research World Wildlrfe Fund 1.000 1.000 1.000 1,000 500 1.000 1,000 4.000 1,000 1.000 1,000 1,000 2,000 1,000 20,000 1,000 2,000 1,000 3,500 5,000 1,000 500 1,000 1,000 3,500 1,000 500 1,000 4,000 1,000 1,000 1,000 1,000 500 1.000 500 1.000 1,000 2,000 1,000 5.000 1,000 1,000 1,000 500 1,000 500 1,000 1,000 1,000 1.000 500 1.000 Balance carried forward 63.500 26,500
The Bower Trust Notes to the Financial Statements- continued for the Year Ended S April 2025 GRANTS {Continuedl 2025 2024 Balance brought fOard 63.500 26,500 63,500 26,500 GOVERNANCE COSTS & TRUSTEES REMUNERATION 2026 2024 Independent examinerfs fee Subscriptions Bank and other charges 2.122 68 217 2,125 66 80 2.407 2.271 There were no trustees. remuneration or other benefrts for the year ended 5 April 2025 nor for the year ended S April 2024. There were no trustees, expenses paid for the year ended 5 April 2025 nor the year ended 5 April 2024.
The Bower Trust Notes to the Financial Ststements- continued for the Year Ended 5 April 2025 INVESTMENTS 2025 2024 Balance brought forward Net addilionsl{disposals) Net increasel{de¢rease) in market value Uninvesled cash capital 1.627.028 8.004 159.467} 523 1,600,403 4,581 17,332 4,712 1,576,088 1,627,028 CREDITORS 2025 2024 Independent examinerfs fee 2,100 2,000 2,100 2,000 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 5 April 2025 {2024 - same). 10