THE MICHAEL COWAN FOUNDATION
Latest income
£2.0m
Latest spending
£1.3m
Registered
2010
Accounts read
FY2024
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
Trading subsidiary: Twinplast Limited
“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
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£2.0m
Total spending
£1.3m
Reserves (reported)
£1.5m
Employees
0
Trustees
- JAMES ANTHONY JOHN BEAZLEY
- James Anthony Trafford
- MARTIN JOHN FOREMAN
- Samantha Helen Aspinall
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.0m | £1.3m |
| 31/12/2023 | £6.4m | £1.3m |
| 31/12/2022 | £19k | £13k |
| 31/12/2021 | £21k | £30k |
| 31/12/2020 | £280k | £270k |
Common questions
Is THE MICHAEL COWAN FOUNDATION financially healthy?
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 |
|---|---|---|
| THE MASTER CHARITABLE TRUST | 1 | £323k |
| RONTADES LIMITED | 1 | £300k |
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £190k |
| THE BORROWS CHARITABLE TRUST | 1 | £10k |