2024-04-01-accounts

JACARANDA UK FOUNDATION JACARANDA UK FOUNDATION CHARITABLE TRUST REGISTERED CHARITY No. 1163114 REPORT FOR THE YEAR ENDED 1st APRIL 2024 www.lacarandauk.or8 [phone] Wlllow House 46 St Andrews Street Mildenhall Bury St Edmunds IP28 7HB UK

JACARANDA UK FOUNDATION FOUNLiinllM CONTENTS CHARITY INFORMATION.... TRUSTEES, REPORT FOR THE YEAR ENDED I. APRIL 2024........ I. OBJECTIVES AND ACHIEVEMENTS 2. ACHIEVEMENTS AND PERFORMANCE 3. FINANCIAL REVIEW 4. RESERVES AND FUNDS ALLOCATION POLICY 5. PLANS FOR 2024125 RECEIPTS AND PAYMENTSACCOUNT.............................................. STATEMENT OF ASSETS ANO LIA81LITIES........................................ STATEMENT OF ALLocAT￿)N OF FUNDS........................................ INDEPENDENT EXAMINER'S REPORT.............................................10 Pagell

JACARANDA UK FOUNDA TION CHARITY INFORMATION T￿￿1 Deed Ihtcd 12° August 2015 Regist¢red Charity Nurn￿r 163114 Regislered Charity Name j￿8nda UK Foundation Working Name JpLaran(ts UK Foundation R¢8iStered OtTice: Willow House 46 St Andrews Str¢¢t MildeTth811 Bury St Edmunds IP28 7HB Trustees who served in 2023r24: Ms. Daisy Beifield Santos Ms. Anna BianGo Mrs. Claire Darr0C￿ThOMVJn Mr. t*Jn&2n Dar￿h.ThOMpS0n Mr. Matthew DaTroch_Thompson Mr. Richard Hughes Clerk to the tn￿teeS'. Mr. Dun￿ DanrKIFThompson Mr. R. AlecAKk Whitings LLP Chart¢red Accountants and Business Advisers Willow House 46 Si. Andrews Street Mildenhall IP28 7HB Banker3.' Lloyds Bank Pl 9 Butter Market Bury St. Edmun(Ls IP33 IDB Pa8e12

JACARANDA UK FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED I" APRIL 2024 I. OBJECTIVES AND ACHIEVEMEN13 The objectives of the Jacardnda UK Foundation as defined in our Trust Deed are, for the public benefit, to relieve the needs of children and adults in Malawi in particular, but not exclusively, by providing charitable assislance to and advancing the education and training of those who are the victims of HIVIAIDS, war or nalural disasr or catastrophe, by making grants of money and by supporting the work of other charities and organisations furthering similar charitable purposes in this country. Over this financial year we had two main sources of fundraising: Regular and single donations from individuals Grants from other trusts, charities and foundations The trustees expffss their profound thanks to all those organisations that have made such generous grants to us, &s well as to the individual donors who make regular monthly donations and respond to specific appeals so liberally. 2. ACHIEVEMENTS AND PERFORMANCE From our creation in 2015 we have mostly supported The Jacaranda Foundation, which runs the Jacaranda School for Orphans. the Jacaranda Mullen Preschool and the Jacaranda Vocational College locad outside Limbe, Malawi. Founded by Malawian Marie Da Silva in 2002, the foundalion cares for over four hundred children, 97 /0 of whom have been orphaned by AIDS. Marie worked as a nanny in the US lo fund the school initially: bul now runs the school full time with her husband, Executive Director Luc Deschamps. Three of our trustees have worked at the sch(K)l either as volunteers or as full-time teachers. Income and fundr2i8ing Gross income for the year ended l April 2024 was £71,238.22. made up of donations, grants and Gift Aid totalling £70,429.63 plus £808.59 of bank interest. This makes this year our most successful to dat¢ in temis of gross income g¢nernted, and is particularly notable as we did not receive any significant individual donation. We continued our strategy of contracting wlth an external fundraiser to source and submit applications to grant-giving organisations, and we are pleased with the outcome of this strategy to date. We are seeing regular successful grant applications, with an average Page13

grant size of -£2,5Th), which demonstrates that the WO￿ we do is valued by small grant- giving organisations with limi*d funds to all￿te. FouNNno In this financial year our external fundraiser submitted l 01 applications, resulting in 24 successful grants for a total of£59,928. The average grdnt success is generally accepted to be about l 00/0 industry wide. so our rate of 24 /0 is impressive, and speaks to the quality of the prop)sals thal are being submitted. We paid the external fundraiser £15,975 in consultancy fees for the period. a cost that is covered by a donation we received in 2021 and is specifically desIgn￿ed for fundraising. The trustees frequently review the external contractor's work with a view to maximisin8 its value and impact. We had one other significant source of income, which w&$ The Big Give Christmas 2023 campaign, in which we raised a net amount of £6.085.47 in individual donations, and £5,000 in "matched fundin8" for a total a net amount of £11,085.47. Grants made Our grants are based on the previous year's ino)me, excepi for 2021122. when we received the donation designated for fundraising ref¢rr¢d to above. This year we were delighled to provide grants of £51,248.13 which were split between the following projects: Teachers, salaries at the Jacaranda School for Orphans and the Jacaranda Mullen Preschool Classroom improvements ai the Jacaranda School for Orphans Staffing and materials at the Jacaranda Physiotherapy and Rehabilitation Clinic Luc's Libraries University fees Partial Solar Power installation at the Jacaranda School for Orphans This is the largest annual total of grants we have rnade. and we are delighted that it continues the pattern we have established since 2020 of increasin8 our donations year-on- year. There is no guarantee that we will be in a position to continue to do so in 2025. Year lo l Aprll Nei Incon Grants nwde 2016 £16,443.51 2017 £7,690.15 2018 £28.651.36 2019 £13,906.61 2020 £21,956.23 2021 £8,863.98 2022 £67.915.62 2023 £40.636.26 2024 £54,440.45 £iO,l)(K).00 £13,OIK).00 £30.000.00 £12.105.92 £25.0(M).00 £30,500.00 £48,425.00 £51,248.13 Page14

1. FINANCiAL REVIEW During the year we received total income (including Gift Aid) of £71.238.22, of which £52.461.75 was restricta to specific cause& and we made grdnts totalling £51,248.13. We incurred expenses of £16,797.77 during the year and at the end of the year we had bank balances totalling £40.225.12. We continued to place a significant portion of our reserves in interest earnTng accounts with our bankers. Lloyds Bank Plc. All our deposits are covered by the Financial Services Compensation Scheme. No trustee has ever receive41 any payment for their duties or for any other purpose. We had a number of successful applicatlons to trusts and foundations, some of which are listed below. We are most gratsful to these organisations for their support, especially those that have now funded us in muliiple y¢ars, and also to thosc not mentioned, who wish to remain anonymous. The Archer Trust The Ashworth Trust Th¢ Be One Foundation Th¢ Catriona Hargreav¢s Trust The Coles-medlock Trust The Belacqua Tn￿1 The CB & HH Taylor Trust The Dorfred Charitable Trust The Farthing Trust The Green Hall Foundation The Forrester Family Trust The Kitchen Table Charities Trust The Lockett Trust The Oakdale Trust The Park Family Trust The CaThnela and Ronnie Pi8natelli Foundation The Wallace Bell Trust The Pat Newman Trust St. James's Place Charitsble Foundation The Waterloo Foundation Thc William Howarth Trust The William Leech Trust World Day of Prnyer Of course, we also most sincerely thank all those charitsble individuals who have committed to generous monthly donation& and those who support us when they can. Page15

2. RESERVES AND FUNDS ALLOCATION POLICY The Trnstees, policy is to hold resources sutTicient to meet at Iwt twelve months of unavoidable expenditure with a margin for the unexpected. For 202412025, in accordance with this policy, the reserve level has been calculated at £3,000. Funds above this level can be allocated by the Truslees to specific projects or overheads and are defined as unrestricted or restricted in accordance with the wishes of the donor. Unrestricted funds are those available for use at the discretion of the Trustees in furtherance of our genernl objectives and which have noi been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular putposes. At present they are all dedicated to fundraising. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised for particular purposes. The levels of each of these classes of funds are sel out in the financial ststements. I￿4FtIN￿A FOUNNllOP4

3. PLANS FOR 2024125 We plan to continue to work with an extemal contractor for the coming financial year. They will be funded out of the remainder of the specific grant we were given in 2021 that has been designated for this purpose, along with such other unrestricled funding the Trustees decide to allocate to fundraising. We will also continue to pursue other sources of funding, such &8 appeals like "The Big Give" and charity race participanis. We will carefully choose suitable Projects for which to raise funds whilst maintaining focus on raising money io assist with paying teachers. salaries at the Jacaranda School for Orphans, the Jacaranda Mullen Preschool, and the Jacaranda Technical and Vocational College. The Trustees will repK)rt on the progress of this strdtegy at the end of next financial year. Signed on behalfofth¢ In￿tee.1.. Malthew Darroch-Thompson Tnislee Daied: JL Page16

JACARANDA UK FOUNDATION FOUN￿1￿ RECEIPTS AND PAYMENTS ACCOUNT Year ended l Aprll 2024 Year ended l Aprll 2023 TURNOVER Gift Aid received Unrestriced donations receNed Restricted donations received Unrestricted grants recebved Restricted grants received Other income £2.318.75 £3.707.88 £6.945.00 £11,530.00 £45,928.00 £808.59 £71,238.22 £3.005.01 £6,577.89 £9,860.00 £26,C#XJ.00 £7,467.00 £55.54 £52,965.44 £71,238.22 £52,965.44 LESS COST OF SALES: Event costs £112.00 £112.00 1£112.001 GROSS PROFIT: £71,238.22 £52,853.44 LESS EXPENSES: Postage Printing and stationery Hosting fees and IT consumables Consuttancy fees Legal fees & Subscriptions Bank charges Card processing fees 1£45.901 1£9.991 (£280.46) {£15,975.001 I£50.￿) 1£35.(M)I £401.42 £16.797.77 1£46.301 1£19.981 1£279.441 (£11,362.00) 1£105.001 £404.46 £12,217.18 IE16,797.771 ￿ 1£12,217.181 £54.440.45 £40,636.26 SURPWS BEFORE GRANT5 MADE: Grants made 1£51.248.131 1£48,425.001 SURPLUSI(LOSS) AFfER 6ftA￿ts MADE: £3,192.32 1£7,788.741 Page17

JACARANDA UK FOUNDATION STATEMENT OF ASSETS AND LIABILfTIES As •t l Awl 1024 As at l Apyll 2023 FIXEDASSETS Totsl fixed assets £0. CURRÉNT ASSErs Unrestrlced funds Deslgnated funits Restritted luhds Totsl tU￿•Trt assets £10.325.64 £28,274.61 £1.624.87 £40,225.12 £40,225.12 £5.227.30 31.805.50 £0. É37.032.80 £37.032.80 CURRENT LIA8ILITIES: Totsl current Ilabl1￿V Net ￿rrent assets £0.( £40.225.12 Eo. £0.00 £37.032.80 £40.22S.12 £37,032.80 TOTALASSET5 É40.225.12 £37,032.80 CAPITALAND RESERVES R•serves brought forward Surplu￿(10$$} for the ￿ar TOTAL £37.032.80 £3.192.32 £44,821.S4 (£7,788.74 £410.225.12 £37,032.80 Page18

JACARANDA UK FOUNDATION FOVMts4T STATEMENT OF ALLOCATION OF FUNDS Unrestricted, Designated and Restricted funds Yearended IAprfl UNRESTrICTED FUNDS Unrestrictedfunds b/f £ 5,227.Xi £ 1,587.76 Unrestricted funds recelved £ 15,237.88 £ 32,577.89 Gift aid received £ 1318.75 £ 3,(lJS.01 Interest re￿iVed )8.59 55.54 General overheads 1£ 766.88) 1£ Transferred Itol or from Designated Fund5 Grants made from unrestricted funds 1£ 31,1)38.CAII Unrestrictedfunds c/f £ 10,325.64 £ 5,227.30 DESIGNATED FUNDS Designatedfunds b/f Transferred from or Itol Unrestrirted funds Fundraisin8 Costs Designotedfunds c/f £ 31W5.50 £ 43,233.78 £ 16,030.89 £ 11.428.28 £ 28,274.61 £ 31,&J5.50 RE5TiucfED FUNDS RestrKtedfunds b/f Restricied funds received Grants given from restritted funds RestrKtedfunds c/f £ S2.873.1￿ £ 17,327.( 1£ 51248.13} 1£ 17.327.(Xll £ L624.87 TOTAL FUNDS ATYEAR END £ 40,2S12 £ 37,031 Page | 9

JACARANDA UK FOUNDATION UK FOUWDAnOtI INDEPEIYDENT EXAMINER'S REPORT TO THE TRUSTEES OF JACARANDA UK FOUNDATION I rel￿ on ￿ accounts of the trust for￿ year end￿ I" AEril ￿24. which are set out on pages 8 and 9. Respective r¢sponsibililies of Tr￿81¢￿ and Exxmlner As the charitys TTUStees you aTC rtsp)nsible for the wepaTation of the accounts. you consider that the audit requitEmenl of under section 144(2) of the chariti￿ Act 2011("the Chariti&s Act.). does not apply. It is my responsibility lo state, on the b&sis of pr(K¢dures specified in the Genera] Directions given by the Charity Commissioners under swtion 145(5)(b) of the Chariiies ACL whether particular matters have ¢ome to my attention. Basis of Indepe￿dellt Examiner's report My examination w&s carrted out in ￿rdance with the GeneTal Diff¢tions given by the Charity commi￿10ners. An examination includes a review of th¢ accounting records kept by the charity and a comparison of th¢ accounts presented with those r￿OrdS. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you &$ Trustees ¢oncerning any such mallers. The procedu￿5 undertaken do not provide all the evidence that would be required in an audiL and consequently no opinion is given as ￿ whether the accounts prexnt a'true and fair view, and the rep)rt is limited to those matters set out in ihe statement below. Independent Exominer's gt*lement In cortnection with my examinaiion, TK) matter has come to my attention: . which gives me reasonable cause to klieve that in any material respect the requirements - lo keep accounting record5 in accordance wilh seeiion 130 of the Charities Act,. and - to prepare accounts which aecord with the accouniing records and to comply with the accountfftng requirements of the Charities Act have not been mel or 2. to which. in my opinion. attention should be drawn in order to enable a proper understanding of the a￿0[￿]￿ to be reached. Mr. R. Alecock Independent Examiner Whilin£s LLP Chartered Accountants and Business Advisers Willow HoLtse 46 St Andrews Street Mildenh&ll SuffolL IP28 7HB Date ¥3 Page | 10