CHARrrY REGISTRATION NUMBER: 327613 The John Cowan Foundation Unaudited Financial Statements 5 April 2022 BAILHACHE LINTON LLP Accountants Boume House 475 Godstone Road Whyteleafe Surrey CR3 OBL The John Cowan Foundatlon Financial Statements Year ended 5 April 2022 PAGE Trustees. annual report Independenl examinerfs report to the trustees Statement of financial activilies Statemenl of financial position Notes to the financial statements The John Cowan Foundation Trustees. Annual Report Year ended 5 April 2022 The trustees présent theFr r8POrt and the unaudrted financral statements of the charity for the year ended 5 April 2022. Rofornn¢o and adminlstrallve dalalls Ro918terod charlty name The John Cthyan FouThJat Charity ragi￿ration numb•r 327613 Principal offico F8. The Officers, Mess Coidstream Rowj Caterham Surrey CR3 5QX Th• trnstaes Mr J C Arkoulis Mrs C Foster Mr O J Foster Mrs S J Foster Mrs S J Arkoulis Mrs K Phillips Mrs V Schabacker Ind•p•nd•nt 8x•￿In￿ Lisa Linton FCCA Objactlves and actlvltles Policies and objectives The prirtipal oLye¢l of ￿ Foundation is to make olonatK)ns to krKJwn regisler&J charities, as approved by the Tnjstees. There is a partKular interest in local charital￿e causes provided these are under th8 auspices of a registered charity. Details of discretionary grdnts arKI donalK)ns made during the year are shown in the notes to the 8GLxJunts. The charity has been funded by o)venants and g6fts from John Ctrwan. ic#3ether wrih income arising from assets purchased wrth tkne funds. The Trustees have referred to the GhJity CommissKJn's guKlan* on Put1￿ benefit when reviewng Ihe charitys aims and oty'eclives arKI in planning future activFt￿5. In particular th8 Trustees have considered how FAanned activities wll contribute to aims and obiectNes they have set. Tho John Cowan Foundation Trustè8s' Annual Report Year ended S April 2022 A¢h1￿*M•nI# and p•rfomianca Review of &tivibes Grants of £23,050 were made to fity e￿h1 organi%atsons in the current year as detsiled In the notes to the a¢¢ounts12021". donations of £25.500 were made to ftfty nine organisations}. Inco￿ generated by investments was £25.644 12021.. £26,881). Net outgoing resources for the year were £36.040 {2021' £17.660) The chanty's Trustees do not intend to accumulate reserves blrt seek to distribute the income generated by portfolio ol investrnenls I￿ld. Flnanclal revlv Going eoncem After making approprkgle enquiries, the Trustees have a reasonable exFÉdation that the charity has adequate resources lo continue in operatk)nal existence for the fr￿eSeeabI¢ future. The Trustees have considered the impact of the Coronavirus pandemic and still found it apFYopriate lo Gontinue Io adopt the going concem basis in preparing Ihe finanoal Statements. Revw of Reserves The portfolio was valued al £457,942 as at 5 Apnl 202212021.. £484,315). Total reserves held at the year end We￿ £458.602 12021.. £494.fA2) all of whth are unrestricted. Due lo the discretionary nature of the grant making activtlie5. the Trustees do not consider it necessary to have a fornial reserves policy. Struclure. governance and managBmèrrt Constitution The John Cowan Foundation is ￿nStItuted by Deed of Trust arKI was founded in December 1987 by John Cowan. It is a registwed charity. The FwrKlation does r￿1 employ any staff or own any property. Method of appointment or eledim of Trustees The manag8ment of the c*arity 15 the re5pon$iblity of the Trustees who 8re ewed and co-opted under Ihe temis of the Trust deed. Flsk managernent The Trustees have assessed Ihe mai(K risks to whth the charity is exposed. in parkncular ttThe r&laled lo the operations and financ*s of the charity, a￿1 are satsfied that systems and procèdures are In place to mitigate our exwsure lo the major risks. Plans for futuro poriods Future developments The Trustees intend to hc4d the investment portfolio into wpetuty and distribute the ir￿orne generaled by way of grdnls to other charitsbk (xganiths. The John Cowan Foundation Trustees. Annual Report (condnwdj Year ended S Aprll 2022 Trustees. responslbllltles statement The Trustees we responsitde for preparing the Trustees. repxt and the financial statements in accordance with applutrAe law and Unf(ed lQngdom AccountiThJ Standards {Unitsd Kingdom Generally Accepted ACl￿unt￿)9 Practi￿). Company law wuires the charity thjstees lo prepare finanaal statements for each year which give a true and fair view of the state of affairs of the charitalk company and the incoming resources and application of rvsources. includiro the income and expeThJilure, for that perioj. In preparirkg these firwKial statements. the truslees are required to: $ele¢t suitabie a¢c(KJnbng and then apFty ttEm ¢4)nsistenty; observe the melhxls arhj principles in the applicable charit￿ SORP" make judgments and accounting estimates that are re￿￿oble and prvdenL prepare the financial statements on the going concern basis unless it is inappropriate to wesume that the charity will continue in bu&ness. The Trustees are responsible f￿ keeping proper accountiThJ records that are sufficient to sh)w and explain the char￿8 transactions and disdose wtth reasonatrAe aC￿racY at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. the Charity {Accounts and Rewrts) Regulations 2008 and the provtsions of the trust deed. They are also responsible fcK safeguarding th6 assets of the charty ar￿ hence for taking reasona￿8 steps for the prevention and detection of fraud arKI other irreguL2rJties. The ITUStees' annual rewKt was approved on 1 December 2022 and svwed on behalf of the board of trustees by.. Mrs S J Ark￿11$ Trustee The John Cowan Foundation Independent Examlnerfs Report to the Trustees of The John Cowan Foundatlon Year ended 5 April 2022 I rewt to the trustees on my eXaminat￿n of Ihe financial statements of The John Cowan Foundation fthe charl￿) for the year ended 5 April 2022. Responslbllwes and basls of report As the Trustees of the Charity you are responsible for the preparation of the ￿nts In acl￿rdanCe th the requirements of the CharitFes Act 2011 2011 knv). I report in ￿sPecI of my examination of the chanws finan￿al stslements carried out under section 145 of the 2011 Acl and in caTryiTrJ my examinatK)n I have followed all the applica￿e DIr￿tionS given by the Charity Commission uThler section 14515Xb) of the Act. Independent ￿arnIn0￿3 statement I have ￿m[￿eted my examination. I confimi that no material matters have o)me lo my attention in connection with the examination giving me cause to believe that in any material respect". accounting rectirds were not kept in reS￿t of charity as required by section 130 of the the finanual staternenls do rKA v•ith Ihose r￿$. or the financfial statements do rM)t comth with the applicable requirements con￿mIng the form and conlenl of accounts sel ¢JJt in the Charities (Aetounts and Reports) Regulations 2C()8 0￿r than any requirement that the aceounts give a Xrue and fail V￿ which is not a matter considered as part of an independent examination. I have no concerns aThJ have come auoss rL> oknr matters in connection wth thè examination to which attention should drawn in thrs report in order to er￿￿e a proper understanding of the ?￿OUnt5 to be reached. Lisa Linlon FCCA Independent Examiner Bailhache Linton LLP Accountant5 Bourne House 475 Godstone Road Whyteleafe Surrey CR3 OBL 1 DeGember 2022 The John Cowan Foundation Statement of Financial Activities Year ended 5 April 2022 2022 2021 Unr85tricted fund5 Total funds TO1￿ funds Incomo and Ond0￿￿￿ Investment income 25,644 25.644 26.881 Total income 25,644 25,644 26,881 Expondfturo Expenditure on thwitable activities Olher expenditure Total expendlturo 8,171 23,0￿• 31.221 8,171 23.050 7,713 25,5 33.213 31.221 Net losses on investments (30.463} (30.463) (11,328> Net expendlture aKI net movem•nt In funds (36.040) (36.040) (17.660) Reconclllatlon of funds Total funds brtyJght forw*d Total fvnds carrfed forward 494.642 494,642 458,602 512,302 494,642 458.602 The staternent of fina[￿JaI *Nilies indudes all gains and kjsses recogniwj in the year. All inwme and expoTrJiture derivo from Continuing athvilias. Tho n￿• on pago$ 7 to 10 fomi part of thw finw¢lal Statom￿ts. The John Cowan Foundation Statement of Financial Position 5 April 2022 2022 2021 Fix•d a8s•ts Investments 12 457,942 484.315 Cuffent ass•ts Cash al bank and in hand 7.898 25,837 Credltor8: amounls falling due wlthln ono yoar Net ¢urrent assots 13 7,238 15.510 10,327 Total a88ets less current liabilitles 458.602 494.642 Net assets 458,602 494.642 Funds of tho Gharity Unrestricted fiJnOs 458,602 458.602 494.642 Total charlty funds 14 494,642 These finanryal ststements were approved by the board of tNstees and authork%ed for issue on 1 December 2022, and are signed on behalf of the tKJard by.. Mrs S J Arkoulis Trustee The notes on page8 7 to 10 form part 0fth￿ flnanclal statThnts. The John Cowan Foundation Notes to the Flnanclal Statements Year ended 5 April 2022 Genoral infom￿tIon The charity is a wblic benefit entity and a registered L**ity in England and Wales and Is unincorporated. The address of the principal offw is F8 The OffKers' PAess, Cddslream Road. Caterham, Surrey. CR3 5QX. Statemont of ￿MPlIanCe These fina￿la1 slalemenls have been prep*￿1 in l￿pIlar￿ with FRS 102, The Financlal Reporting Standard applicable in the UK and the Repu￿1¢ of Ireland.. the Statement of Recommended prod￿ appJulJe to Charit￿ preparing their ac(>)unts in accordan￿ with the Financial Reporting Standard appliCa￿e in the UK and Republ￿ of IrelarKI (FRS 1021 (Charities SORP (FRS 102}l and the Charities kl 2011. Accountlng polki•s Basis of preparation The financial statements have been p￿Pared on the histwical o)st basis. as modified by the revaluation of certain financHI assets and Ilabilii*s and investment properties measured at fair value through income or experKliture. The finanryal statements are prepar&J in $twling. vthich i% the fU￿nal (￿rrerry of the entity. Going concern The trustees h8ve a ￿asonable expectstion that the charity has adequala resources to ￿ntinue in operational existence for the foreseeabk fijlure. The Trustees have considered the impact of Ihe Coronavirus pandem￿. however as in(x)me streams have not teen affected it is the Truslee's opIn￿n that the going (X)￿ baws of preparatk)n of the aCC￿nts continues to be appropriate. Judgwnent8 and key Sour￿ of •stimation uncertalnty The preparation of th6 fina[￿al statements requires management lo make judgements. eslimales and assumptions that affect the amounts rewrted. These estimates and judgements are continualty rev￿￿1 aThJ are based on experience and other factors. including expectal of future events ttrK41 ￿ believed to be reasonable urKler ￿ ciroJmStar￿. Fund accounting General fijnds are Un￿tricted furKls which are available use at the (liscreth?n of the Truslees in furtherance of th8 general objedives of the Charity and whth hava rni been deS￿nated for other purposes. Incoming re80urces Al incomg is induded in the statement of financ4al actNit*s when entiuement has passed to the charity, it is probable that the e(¥Jrv)mic b8nefits associated with the transaction v￿1 flow lo the charity the amtyjnt can be reliably measured. Irwme tax recoverabie in relation to investment income is recognised at the lime the investment income is receivable. The John Cowan Foundation Notes to the Flnanclal Statements (coJrf6iu*Q Year ended 5 April 2022 Accountlng pollclos Resourc95 gxpendod Expenditure is recogrrfsed on an acuuals basis as a liabilty is incajrred. Expendf(ure indudes any VAT which cannot be fully recovered. and is dassifEd under headings of the statement of financial &tivilies to 4thi¢h it relates". expenditure on raising fuThJs indudes the costs of all fundraising activities. events, non-charilable trading activilEs, and ts s* of donated gofyls. expenditure on charitablo activrties indudes all costs ir￿rre{l by a charty in undertakiThJ activities that further tts ch8ri1able aims for the benefft of its bendKiaries. including those support wsts and (x)sls relating to the govemance of the charity apporboned to charitable actNities. other expenditure includes dl expenditure that is neither related to raisirvJ fvnds for the harity nor part of its expenditure on charitr￿e &ttvili8S. All costs are allocated lo expenditure categories reflec*ing the use of the ￿source. Direct costs attrbutable lo a single aclivty are allocated directly lo that activty. Shared costs are apportioned between the actNities they contritmjte to on a reasonable, justif￿ble and consistent basis. Fixed asset invesknents are a frrfm of financaal instrument and we initialty recognised at their transaction c¥)sl and subsequenty measured at fair value at the Balance Sheet dale, unles5 the value cannot be measured reliabty in whth case it is measured at cost less impairment. Investment gain5 arKI losses. whether realise(l or unrealised. are comknned and presented as 'Gainsl(Losses) on investments. in the Statefflent of FinarKial actrvili&s. Flnanclal Inslrum•nts The Charrty onty has financial assets and financi81 liabiltties of a kind that qualify as basic financial instnjments. Basic fina￿al irtstruments are In￿￿llY recognised al transaction value and subsequently measured at their settlement value wth the exceptton of bank 108ns ￿lch are subsequenly meagjred al amortised cost usiTrJ the effective inlwest m&thcMI. Invesiment Incomo Unrestricted Totsl Funds Unrestricted Total Funds FuThls 2022 Funds 2021 Income from listed investrnents Bank interest receivable 25.624 25,624 26,776 105 26.776 105 25.644 25.644 26,881 26,881 The John Cowan Foundation Notes to the Flnanclal Statements Year ended 5 Aprll 2022 EX￿ditUre on charitable artivities by fund type Unrestricted Total Funds Unrestricted Totsl Funds Funds 2022 Funds 2021 Support costs 8.171 8.171 7.713 7,713 Analysls of support ¢osts Supp(xt costs Total 2022 Total 2021 Premises General off Finance costs 5.875 5,875 5,875 552 552 338 1.500 8.171 8.171 7.713 Other expendfture ur*estr￿1ed TOL71 Funds Unrestricted Total Funds FuThYs 2022 Funds 2021 Grants payable 23,050 23,050 25.5C 25,500 Net losses on Investrnents Unrestricted T¢>tal Funds Unrestrthd Total Funds FurKIs 2022 FuThls 2021 Gainsl(losses) on listed investments (30.463) {30,463) (11.328) {11.328) Indép•nd•nt eX￿inatiOn fees 2022 2021 Fees payable to the independent examiner fcr. Independent examination of the finarwial statem 1.560 10. Staff costs The average count of em￿OyeeS during the year Was Nil {2021: Nil). No enwoyee received employee Lwefits of n￿e than £60,CMJ) during the year12021.' Nill. 11. Trustoe rgmuneratlon and expens•6 No remuneralM)n or Oth￿ benefts from efflp4oyment with the charity or a related entity were received by the trustees The John Cowan Foundation Notes to the Flnanclal Statsments (¢oftdnw Year ended 5 Aprll 2022 11 Investments List investments investments TOL Cost or valuation Al 6 April 2021 Additions DisrM)sals Other movements 470,529 116.701 1117.172) {30,4621 439,596 13,786 484,315 116,701 1117,1721 I25,￿2} 457,942 At 5 Aprll 2022 Carrying amount At S April 2022 At 5 April 2021 18,346 439.596 18,346 457,942 470,529 13,786 484,315 l investments shcvm above are held at valuat#)n. Financial assets hold at fair value Fixed asset investments are a form of finanual instrument and are initkqlly recognrsed at their transaction cost and subsequenlly measured at fair value at the Balance Sheet dale. unless the value cannot be measured relk8bly in whth case ft is measured at cost less impaSment. Inveslment gains and losses. ￿ether redised or unrealised. are combined and presented as 'GainsllLosses} on investments, in the Statement of Financial actNities. 13. Crodltors: amounts falllng due within ong y 2022 2021 Acauals and defeffed wKome 7,238 15,510 14. Analysls of Charltable funds Unrestrfcted fvnds At 6 Awrl 2021 Gains and Al losses 5 Aprll 2022 Incoff* Expenditure General funds 494.642 25,644 {31.221) 130,463) 458,602 Gains and At losses 5 April 2021 6 Awil 2020 I￿oMe ExFenditure General funds 512,302 26.881 (33.213) {11.328} 494,642 10 ## **15. Grants Payable** ||**2022**
|**2021**| |---|---|---| |Action Aid UK
|250
|250| |Alzheimer's Society
|200
|250| |Barnados
|200
|250| |Battersea Dogs and Cats Home
|750
|1,000| |Blue Cross
|400
|400| |Canine Partners
|300
|300| |Changing Faces
|350
|500| |CRY
|250
|300| |Dame Vera Lynn Children's Charity
|250
|250| |Deaf Blind UK
|200
|250| |DEBRA
|200
|200| |Fields In Trust
|250
|300| |Freedom Kit Bags
|-
|200| |Greatwood Charity
|200
|200| |Help For Heroes
|300
|300| |Jamie's Farm
|400
|500| |Leonard Cheshire
|250
|400| |Kent, Surrey & Sussex Air Ambulance
|1,000
|1,000| |Macmillan Cancer Support
|850
|1,000| |Mane Chance Sanctuary
|250
|250| |Marine Conservation Society
|1,000
|1,000| |MERU
|200
|200| |Missing People
|300
|300| |Motor Neurone Disease Association
|250
|250| |MPS
|200
|200| |MS National Centre
|250
|300| |Music in Hospitals
|200
|200| |PDSA
|300
|300| |Prince's Trust
|850
|1,000| |Rainbow Trust Children's Society
|200
|250| |Rape & Sexual Abuse Support Centre
|600
|750| |RAF Benevolent Fund
|500
|500| |RNLI
|500
|500| |RSPB
|300
|300| |Samaritans
|750
|750| |Sane
|450
|500| |South East Cancer Help Centre
|450
|500| |SSAFA
|450
|500| |Skaterham
|250
|250| |SDAC
|500
|500| |Sight for Surrey
|200
|250| |Surrey Care Trust
|200
|200| |Surrey Wildlife Trust
|300
|300| **11** |St Catherine's Hospice
St John Ambulance
Tandridge Voluntary Action
Teenage Cancer Trust
The Children's Trust
The Gurkha Welfare Trust
The Respite
The Royal British Legion
The Royal Marsden Cancer Charity
The Salvation Army
The Silver Line
The Therapy Garden
Variety Club Children's Charity
War Memorials Trust
WheelPower
Wildlife Aid|500
500
300
450
350
300
500
400
1,000
750
350
350
-
400
500
350
23,050|500
500
300
500
400
300
500
400
1,000
750
400
400
250
500
500
400| |---|---|---| |||25,500| **12**