BOWYERS CHARITABLE TRUST
For the benefit of education and training (which might but not necessarily include, training in archery and/or bow-making); for the benefit of disadvantaged (however disadvantaged) youth or other members of society with a view to socially beneficial ends; for the benefit of the Company's military affiliations; for City of London-related charitable purposes.
Objects
The Trustees shall hold the Trust Fund and its income upon trust to apply them solely for such charitable ends and purposes as the Trustees shall from time to time in their absolute discretion think fit.“the Trust Fund” means the property of the Charity.
Financial health, per its FY2024 accounts
The accounts state that the charity holds total net assets of £166,432, comprising a General Fund of £26,792 and a Capital Fund of £139,640. The trustees report that the capital fund stands at £139,640, exceeding the original intention of £100,000, with investment income and realised gains used to increase charitable giving. The independent examiner confirmed that no material matters came to their attention regarding the accounts.
What the accounts disclose
“The original intention was to build a fund of at least £100,000. The trustees agreed, in 2017, that while any surplus charitable income would continue to be reinvested in the capital fund, there was no longer a specific requirement to grow the fund above the level of £100,000 and that the investment income from the fund as from January 2017 could be used to increase our charitable giving.” — page 2
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Trustee conflicts of interest policy and procedures
- Volunteer management
Trustees
- Major General Dr. Andrew Richard Darwen Sharpe
- Michael Andrew Jenkins
- Nicholas Hallam Carter-Pegg
- Simon Michael Leach
- William Francis Charnley
- William Lee Hallam Mills
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £49k | £62k |
| 31/12/2023 | £46k | £47k |
| 31/12/2022 | £35k | £37k |
| 31/12/2021 | £36k | £39k |
| 31/12/2020 | £42k | £31k |
Common questions
Is BOWYERS CHARITABLE TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds total net assets of £166,432, comprising a General Fund of £26,792 and a Capital Fund of £139,640. The trustees report that the capital fund stands at £139,640, exceeding the original intention of £100,000, with investment income and realised gains used to increase charitable giving. The independent examiner confirmed that no material matters came to their attention regarding the accounts. Its FY2024 accounts were independently examined.