THE MICHAEL COWAN FOUNDATION
To date, the charity's trustees have been researching suitable causes and projects. However, since the necessary funding is not yet available, the charity has not entered into any transactions during the year.
Objects
THE OBJECTS OF THE TRUST ARE THE GENERAL PURPOSES OF SUCH CHARITABLE BODIES OR SUCH OTHER PURPOSES FOR THE BENEFIT OF THE COMMUNITY AS SHALL BE EXCLUSIVELY CHARITABLE AS THE TRUSTEES MAY FROM TIME TO TIME DETERMINE
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £7,280,460, comprising a capital fund of £6,000,000 and an income fund of £1,280,460. The trustees confirm that the charity has sufficient liquid resources to meet its liabilities as they fall due and that the financial statements are prepared on a going concern basis.
What the accounts disclose
“The Foundation's investment at the year end is 100% ownership of an unlisted private company, Consolidated Plastics Limited (which has a subsidiary Twinplast Limited).” — page 18
Policies the charity declares
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investment
- Risk management
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2024
- Trustee benefits, answered Yes to: any trustee benefit
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2023
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for services to the charity
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2022
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for services to the charity
Annual return filing dates (Charity Commission record)
Of its last 4 annual returns with a recorded received date, 3 were received after the due date: year ending 31/12/2024 (received 14/04/2026, 165 days after the 31/10/2025 due date); year ending 31/12/2023 (received 16/04/2025, 167 days after the 31/10/2024 due date); year ending 31/12/2021 (received 19/04/2023, 170 days after the 31/10/2022 due date).
1 further annual return is past its due date with no recorded received date (Charity Commission register).
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- JAMES ANTHONY JOHN BEAZLEY
- James Anthony Trafford
- MARTIN JOHN FOREMAN
- Samantha Helen Aspinall
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | — | — |
| 31/12/2024 | £2.0m | £1.3m |
| 31/12/2023 | £6.4m | £1.3m |
| 31/12/2022 | £19k | £13k |
| 31/12/2021 | £21k | £30k |
Common questions
Is THE MICHAEL COWAN FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds unrestricted reserves of £7,280,460, comprising a capital fund of £6,000,000 and an income fund of £1,280,460. The trustees confirm that the charity has sufficient liquid resources to meet its liabilities as they fall due and that the financial statements are prepared on a going concern basis. Its FY2024 accounts were audited by Fletcher & Partners.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £383k |
| UNSEEN (UK) | 1 | £20k |
| THE ROZAC CHARITABLE TRUST | 1 | £12k |
Charities like this
- MILLWARD CHARITABLE TRUST
- THE MICHAEL BISHOP FOUNDATION
- MW (GK) FOUNDATION
- M O CHARITABLE TRUST
- THE CORCORAN FOUNDATION
- MERRIMAN CHARITABLE FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE MICHAEL COWAN FOUNDATION | £2.0m | — | 0 | unclear | — | no doubt |
| MILLWARD CHARITABLE TRUST | £47k | — | 0 | unclear | — | no doubt |
| THE MICHAEL BISHOP FOUNDATION | £2.8m | — | 0 | unclear | — | no doubt |
| MW (GK) FOUNDATION | £261k | — | 0 | above | — | no doubt |
| M O CHARITABLE TRUST | £146k | — | 0 | within | — | no doubt |
| THE CORCORAN FOUNDATION | £170k | — | 0 | unclear | — | no doubt |