**Charity number: 1163656**
## **Jaago Foundation**
## **Unaudited**
**Trustees' report and financial statements**
**For the year ended 6 April 2025**
## **Jaago Foundation**
## **Contents**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 9|
|**Independent examiner's report**|10 - 11|
|**Statement of financial activities**|12|
|**Balance sheet**|13|
|**Statement of cash flows**|14|
|**Notes to the financial statements**|15 - 24|
## **Jaago Foundation**
**Reference and administrative details of the Charity, its Trustees and advisers For the year ended 6 April 2025**
## **Trustees**
Miss S Donachie Mr J Punter Mr K Dhrubo Mrs R Morris Miss A Durham
## **Charity registered number**
1163656
## **Principal office**
17 Brook View Hitchin Hertfordshire SG4 9NY
## **Independent Examiner**
Samantha Rouse FCCA DChA Kreston Reeves LLP 37 St Margaret's Street Canterbury Kent CT1 2TU
## **Bankers**
HSBC UK 31 Chequer Street St Albans Hertfordshire AL1 3YN
Page 1
## **Jaago Foundation**
## **Trustees' report For the year ended 6 April 2025**
The Trustees present their annual report together with the financial statements of the Charity for the year ended 6 April 2025
## **Objectives and activities**
## **a. Policies and objectives**
The primary objective of JAAGO Foundation UK is to alleviate and prevent poverty in Bangladesh by providing educational support to children from socially and economically disadvantaged backgrounds. Additionally, the charity is committed to empowering young individuals in Bangladesh by enhancing their understanding and capacity on matters related to democracy and civic engagement. This is achieved through comprehensive training programmes, which educate youth about their role as citizens and support them in organising civic education awareness activities.
In setting objectives and planning activities, the Trustees have carefully considered the overarching guidance provided by the Charity Commission, particularly in relation to public benefit. The organisation adheres to the principles outlined in ‘Public Benefit: Running a Charity (PB2)’ to ensure transparency and accountability in its charitable efforts.
## **b. Activities undertaken to achieve objectives**
The charity secures funding through various channels, including individual donations, sponsored events, and grants. These funds are then distributed to local organisations in Bangladesh that provide educational support for children and engage young individuals in raising awareness on democracy and civic participation.
All donations to beneficiary organisations follow a strict evaluation process, ensuring alignment with the objectives of JAAGO Foundation UK. This approach guarantees that funding is used effectively to achieve the charity’s mission.
- To assess success during the reporting period, the Trustees use several measures, including:
- Amount of grant funding secured and disbursed to partner organisations;
- Number of children and young people reached through funded programmes;
- Progress reports and outcome data submitted by implementing partners;
- Growth in donor engagement and repeat contributions;
- Timeliness and compliance of project delivery against grant agreements.
These measures enable the Trustees to evaluate whether activities are achieving the intended charitable outcomes and public benefit.
## **c. Grant-making policies**
JAAGO Foundation UK’s grant-making policy provides clear guidance on the types of projects the charity is willing to support. The Trustees are committed to funding grassroots organisations and initiatives that enhance the welfare of communities in Bangladesh. Specifically, they focus on educational and community development projects that benefit underprivileged children, with a strong emphasis on education, democracy, and sustainable livelihoods. This ensures that the charity’s contributions lead to long-term, positive change.
The Trustees will only support charitable organisations and community projects. Grant requests that will not normally be supported include:
- Contributions to general appeals or circulars;
- Religious activities that do not provide wider public benefit;
- Public bodies fulfilling their statutory obligations;
- Activities solely focused on animal welfare;
- Grant-making by other organisations.
Page 2
## **Jaago Foundation**
**Trustees' report (continued) For the year ended 6 April 2025**
## **Objectives and activities (continued)**
## **d. Volunteers**
The Trustees continue to volunteer their time, providing their services free of charge to oversee and manage the charity. During the fiscal year 2024-25, no additional volunteers were enlisted to support JAAGO Foundation UK’s activities.
## **e. Staffing and Operational Development**
During the fiscal year, JAAGO UK made significant progress in strengthening its operational capacity by recruiting a Project Officer, Esha Farooqe, who commenced her role on 24 July 2024. Prior to her appointment, the organisation developed and approved all relevant employment policies, secured appropriate employer liability insurance, and engaged Minerva Accountants to manage payroll and pension compliance. Esha has also been successfully enrolled in the NEST pension scheme.
The average monthly cost of employing the Project Officer stands at £2,677.60 (excluding one-off insurance setup costs). While financial sustainability remains a key consideration, the recent progress on major grant applications and steady income growth indicate that the role is both necessary and financially supportable.
Esha’s responsibilities include managing grants and liaising with donors and implementing partners, including JAAGO Foundation Bangladesh, to ensure effective coordination and oversight while maintaining JAAGO UK’s independence as a grant-making organisation.
Page 3
## **Jaago Foundation**
**Trustees' report (continued) For the year ended 6 April 2025**
## **Achievements and performance**
## **a. Key performance indicators**
Key performance indicators (KPIs) used by the Trustees during the year included:
- Number of scholarships awarded under the U-Go Programme;
- Number of youth trained and CAPs (Community Action Projects) delivered under My Voice My Choice;
- Number of children supported through Sponsor a Child and GlobalGiving;
- Increase in restricted grant income year-on-year.
These KPIs demonstrated positive progress toward the charity’s strategic objectives.
## **b. Review of activities**
During the financial year, the Charity has seen an increase in annual income against the previous reporting period. Total income for 2024–2025 increased compared to the previous financial year. This growth was primarily driven by new grant income from the U-Go Women Scholarship Programme and the expansion of the ‘My Voice My Choice’ youth civic engagement initiative.
During March 2025, JAAGO Foundation UK disbursed approximately £250,000 to implementing partners in Bangladesh to support ongoing education and youth empowerment programmes. These disbursements contributed directly to the delivery of the U-Go Women Scholarship Programme, My Voice My Choice youth civic initiatives, and core education programmes for underprivileged children.
Page 4
## **Jaago Foundation**
## **Trustees' report (continued) For the year ended 6 April 2025**
## **Achievements and performance (continued)**
## **Education for the underprivileged**
Income for the Education for the Underprivileged programme, which includes GlobalGiving and Sponsor a Child contributions, has decreased in 2024–2025 compared to the previous year. The charity will focus on strengthening donor engagement and digital fundraising to stabilise and increase income in future years.
JAAGO UK developed the website - www.jaago.co.uk. The website facilitates donations to the Education for the underprivileged. The available campaigns for donors to contribute to remain unchanged and include:
- Free-of-cost school for underprivileged children
- Feed the Children
- Educate a Girl
JAAGO Foundation UK also provides restricted funds to a Charfashion orphanage under the education programme.
Page 5
## **Jaago Foundation**
**Trustees' report (continued) For the year ended 6 April 2025**
## **Achievements and performance (continued)**
## Y **outh Programme**
## **My Voice My Choice**
This is an ongoing grant from 2023.The project is in the implementation phase and set to end in September 2025. Following the success of youth-led civic initiatives implemented under the initial agreement, the grant was extended on October 10th, 2024, significantly scaling up the project’s reach from 125 to 392 upazilas. Utilizing a cascading training model, divisional-level youth were first capacitated on civic and voter education, who then trained district-level counterparts. These district-level youth further delivered localized training to sub-district youth, fostering grassroots-level empowerment. Trained youth from these sub-districts were provided with seed funding to implement Community Action Projects (CAPs), designed to address context-specific civic issues and promote democratic engagement within their localities. Implementation remains on track, with activities progressing in alignment with project objectives. Notably, two successful donor visits were conducted this year, facilitating direct engagement with trained youth and the project team, and reinforcing continued collaboration and mutual commitment to strengthening democratic resilience across Bangladesh.
## **JAAGO Women Scholarship Programme:**
JAAGO Women Scholarship” is a collaborative initiative of U-Go and JAAGO Foundation, committed to dismantling the financial barriers that prevent underprivileged girls from accessing education. This programme is designed to support meritorious but economically disadvantaged female students, enabling them to pursue higher education and contribute meaningfully to society. Under this scholarship, selected female students from public universities will receive a four-year scholarship.In empowering these young women, we invest not only in their futures but also in the broader societal good, laying the foundation for a world where gender disparities in education and opportunity are relics of the past.
## **JAAGO UK Website :**
JAAGO UK developed the website - www.jaago.co.uk
The website facilitates donations to the 'Sponsor a Child' programme. To ensure appropriate allocation and reporting of funds, contributions to this programme will be recorded in the JAAGO UK QuickBooks accounts.
## **c. Review of Income and Expenditure**
During the financial year 2024–2025, JAAGO Foundation UK experienced substantial growth, with total income increasing to £623,110, primarily driven by the expansion of the My Voice My Choice youth civic engagement programme and the launch of the U-Go Women Scholarship Programme. This marks a significant improvement compared to the previous reporting period. In March 2025, the charity disbursed approximately £250,000 to implementing partners in Bangladesh to support education, youth empowerment, and scholarship projects, demonstrating continued commitment to delivering charitable impact.
Operational expenditure remained within 12% of total income, with the majority of spending allocated directly to programme delivery. The increase in overall expenditure reflects the recruitment of a Project Officer in July 2024, supporting strengthened grant management, donor liaison, and organisational capacity.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Previous challenges related to delays in disbursements have now been resolved. The Trustees continue to adopt the going concern basis in preparing the financial statements. Further details regarding adopting the going concern basis can be found in the accounting policies.
Page 6
## **Jaago Foundation**
## **Trustees' report (continued) For the year ended 6 April 2025**
## **b. Reserves policy**
The Trustees maintain a reserves policy designed to ensure the charity’s ability to meet short-term obligations, manage cashflow timing differences, and mitigate unforeseen financial risks. With operating costs remaining low and income diversification progressing, current reserves are considered sufficient and proportionate to the size and nature of the charity.
Unrestricted reserves held at the year end were £72,151 (2024: £22,056), which are deemed to be sufficient to cover operational costs for the short-term.
Operational expenditure remained within 12% of total income during the year. With the secured grant from UGO running until 2029 and the anticipated new grant from the Youth Programme, the Charity’s reserves are considered sufficient to meet future obligations. All reserves are monitored quarterly, and no funds are held as a custodian trustee.
## **c. Principal risks and uncertainties**
The Trustees have reviewed the major risks facing the charity and implemented appropriate controls to mitigate these. Key risks identified during the year include:
- Funding concentration risk, due to reliance on a small number of major grants.
- Operational risks associated with delivering programmes through partners in Bangladesh.
- Compliance risks, particularly in relation to safeguarding, anti-financial crime requirements, and UK GDPR
- obligations.
- Foreign exchange and banking transfer delays, which may affect the timing of cross-border grant
- disbursements.
Procedures in place to manage these risks include:
- Quarterly financial, safeguarding, and risk monitoring reviews.
- Due diligence processes and regular narrative and financial reporting from implementing partners.
- Maintaining sufficient reserves to manage temporary disruptions.
- Adherence to robust safeguarding, data protection, and financial control policies.
- Careful planning of international transfers using reliable banking mechanisms.
## **Structure, governance and management**
## **a. Constitution and Governance**
Jaago Foundation is a registered charity (Charity Number: 1163656) and operates under a Charity Commission Scheme.
The charity is governed by a Board of Trustees, who hold ultimate responsibility for ensuring compliance with charity law, strategic oversight, financial stewardship, and delivery of the charity’s objectives.
During the reporting period, the Trustees met several times to review organisational performance, financial stability, programme progress, and risk management. The Trustees dedicated significant time to strengthening operational systems in preparation for organisational growth, including reviewing and updating all key governance policies to ensure continued compliance with Charity Commission requirements and sector best practice.
Page 7
## **Jaago Foundation**
**Trustees' report (continued) For the year ended 6 April 2025**
## **Structure, governance and management (continued)**
## **b. Methods of appointment or election of Trustees**
Trustees are appointed or co-opted in accordance with the terms of the Charity Commission Scheme. Each Trustee normally serves a fixed term of three years, with the option of reappointment for subsequent terms through a resolution passed at a Trustee meeting.
With the organisation entering a phase of growth, the Board intends to recruit additional Trustees during the 2025–2026 financial year to strengthen capacity and diversify expertise.
## **c. Financial risk management**
The Trustees have evaluated the significant risks to which the Charity is exposed and are content that systems and procedures are in a position to mitigate exposure to these major risks.
## **d. Safeguarding, Data Protection and Environmental Responsibility**
The Trustees are committed to maintaining robust safeguarding practices to protect all individuals involved in JAAGO Foundation UK’s activities. The charity complies with the UK GDPR and Data Protection Act 2018, ensuring all personal data is securely managed and used solely for charitable purposes. JAAGO Foundation UK also seeks to minimise its environmental impact by promoting digital communication, reducing waste, and adopting sustainable working practices.
## **e. Organisational Structure and Decision-Making**
The Board of Trustees oversees JAAGO Foundation UK’s strategic direction and governance. Day-to-day operational activities are delegated to the Project Officer, appointed in July 2024, who is responsible for coordinating grants, managing donor communication, and liaising with implementing partners in Bangladesh.
## **Plans for future periods**
In 2025–2026, JAAGO Foundation UK will continue funding organisations in Bangladesh delivering education, youth empowerment, civic engagement, and scholarship programmes. The charity will also focus on strengthening donor engagement, expanding Trusteeship, and improving operational systems.
Page 8
## **Jaago Foundation**
## **Trustees' report (continued) For the year ended 6 April 2025**
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy 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 Reports) Regulations 2008 and the provisions of the Charity Commission Scheme. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ **Miss S Donachie** Trustee Date: 27 January 2026
**----- Start of picture text -----**
................................................
Mr J Punter
Trustee
**----- End of picture text -----**
Page 9
## **Jaago Foundation**
## **Independent examiner's report For the year ended 6 April 2025**
## **Independent examiner's report to the Trustees of Jaago Foundation ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 6 April 2025.
## **Responsibilities and basis of report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Page 10
**Jaago Foundation**
## **Independent examiner's report (continued) For the year ended 6 April 2025**
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
> Signed: S M Rouse Dated: 27 January 2026 S M Rouse FCCA DChA Kreston Reeves LLP Canterbury
Page 11
## **Jaago Foundation**
## **Statement of financial activities For the year ended 6 April 2025**
|**Note**
**Income from:**
Donations and legacies
3
**Total income**
**Expenditure on:**
Charitable activities
4
**Total expenditure**
**Net (expenditure)/income**
Transfers between funds
9
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
2,562
2,562
26,933
26,933
(24,371)
74,466
50,095
22,056
50,095
72,151|**Restricted**
**funds**
**2025**
**£**
620,548
620,548
250,000
250,000
370,548
(74,466)
296,082
72,006
296,082
368,088|**Total**
**funds**
**2025**
**£**
623,110
623,110
276,933
276,933
346,177
-
346,177
94,062
346,177
440,239|Total
funds
2024
£
178,818
178,818
383,469
383,469
(204,651)
-
(204,651)
298,713
(204,651)
94,062|
|---|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 15 to 24 form part of these financial statements.
Page 12
## **Jaago Foundation**
## **Balance sheet As at 6 April 2025**
||||**2025**|**2025**|2024|2024|
|---|---|---|---|---|---|---|
||**Note**||**£**||£||
|**Current assets**|||||||
|Cash at bank and in hand||443,558||99,156|||
|||443,558||99,156|||
|**Current liabilities**|||||||
|Creditors: amounts falling due within one|||||||
|year|8|(3,319)||(5,094)|||
|**Total net assets**|||440,239||94,062||
|**Charity funds**|||||||
|Restricted funds|9||368,088||72,006||
|Unrestricted funds|9||72,151||22,056||
|**Total funds**|||440,239||94,062||
|The financial statements were approved and|authorised|for issue by the Trustees and signed on their behalf by:|||||
|................................................||................................................|||||
|**Miss S Donachie**||**Mr J Punter**|||||
|Trustee||Trustee|||||
|Date: 27 January 2026|||||||
The notes on pages 15 to 24 form part of these financial statements.
Page 13
## **Jaago Foundation**
## **Statement of cash flows For the year ended 6 April 2025**
|**Cash flows from operating activities**
Net cash used in operating activities
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
The notes on pages 15 to 24 form part of these financial statements|**2025**
**£**
344,402
344,402
99,156
443,558|2024
£
(203,739)
(203,739)
302,895
99,156|
|---|---|---|
Page 14
**Jaago Foundation**
## **Notes to the financial statements For the year ended 6 April 2025**
## **1. General information**
JAAGO Foundation UK is a charitable incorporated organisation incorporated in England and Wales, with charity number 1163656. The address of the registered office is 17 Brook View, Hitchin, Hertfordshire, SG4 9NY. Details of the principal activities are included in the Trustees' Report.
The financial statements are presented in pound Sterling and rounded to the nearest pound.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Jaago Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Going concern**
The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern.
The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
## **2.3 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
## **2.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 15
**Jaago Foundation**
## **Notes to the financial statements For the year ended 6 April 2025**
## **2. Accounting policies (continued)**
## **2.5 Taxation**
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **2.6 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.7 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
## **2.8 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.9 Pensions**
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
## **2.10 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 16
## **Jaago Foundation**
## **Notes to the financial statements For the year ended 6 April 2025**
## **3. Income from donations and legacies**
|**Unrestricted**
**funds**
**2025**
**£**
Donations
2,562
Grants
-
2,562
Total 2024
21,959|**Restricted**
**funds**
**2025**
**£**
102,678
517,870
620,548
156,859|**Total**
**funds**
**2025**
**£**
105,240
517,870
623,110
178,818|Total
funds
2024
£
140,645
38,173|
|---|---|---|---|
||||178,818|
|||||
## **4. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|**Unrestricted**
**funds**
**2025**
**£**
Independent examination fees
2,580
Staff costs
23,554
Fundraising costs
667
Commission
132
Donations
-
26,933
Total 2024
2,960|**Restricted**
**funds**
**2025**
**£**
-
-
-
-
250,000
250,000
380,509|**Total**
**2025**
**£**
2,580
23,554
667
132
250,000
276,933
383,469|Total
2024
£
2,940
-
385
144
380,000|
|---|---|---|---|
||||383,469|
|||||
Page 17
## **Jaago Foundation**
## **Notes to the financial statements For the year ended 6 April 2025**
## **5. Analysis of expenditure by activities**
|Independent examination fees
Staff costs
Fundraising costs
Commission
Donations
Total 2024|**Activities**
**undertaken**
**directly**
**2025**
**£**
-
23,554
667
132
250,000
274,353
380,529|**Support**
**costs**
**2025**
**£**
2,580
-
-
-
-
2,580
2,940|**Total**
**funds**
**2025**
**£**
2,580
23,554
667
132
250,000
276,933
383,469|Total
funds
2024
£
2,940
-
385
144
380,000|
|---|---|---|---|---|
|||||383,469|
||||||
## **6. Staff costs**
|Wages and salaries
Contribution to defined contribution pension schemes|**2025**
**£**
23,004
550
23,554|2024
£
-
-|
|---|---|---|
||||
|||-|
The average number of persons employed by the Charity during the year was as follows:
||**2025**|2024|
|---|---|---|
||**No.**|No.|
|Employee|1|-|
No employee received remuneration amounting to more than £60,000 in either year.
The remuneration, benefits and management fees received by the Charity's key management personnel in the year, including employer's national insurance contributions, amounted to £23,554 (2024 - £NIL).
## **7. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 6 April 2025, no Trustee expenses have been incurred (2024 - £NIL).
Page 18
**Jaago Foundation**
## **Notes to the financial statements For the year ended 6 April 2025**
## **8. Creditors: Amounts falling due within one year**
|Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income|**2025**
**£**
-
565
174
2,580
3,319|2024
£
2,154
-
-
2,940|
|---|---|---|
||||
|||5,094|
## **9. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
General Funds
**Restricted funds**
Teacher's salary
Education for the under-
privileged
JAAGO youth programme
Like Me Pte
Jaago women scholarship
programme- UGO
**Total of funds**|**Balance at 7**
**April 2024**
**£**
22,056
9,673
44,260
17,465
608
-
72,006
94,062|**Income**
**£**
2,562
-
102,678
249,732
-
268,138
620,548
623,110|**Expenditure**
**£**
(26,933)
(5,000)
(55,773)
(131,610)
-
(57,617)
(250,000)
(276,933)|**Transfers**
**in/out**
**£**
74,466
-
(12,321)
(29,968)
-
(32,177)
(74,466)
-|**Balance at 6**
**April 2025**
**£**
72,151|
|---|---|---|---|---|---|
||||||4,673
78,844
105,619
608
178,344|
||||||368,088|
||||||440,239|
Page 19
**Jaago Foundation**
## **Notes to the financial statements For the year ended 6 April 2025**
## **9. Statement of funds (continued)**
## **Restricted funds**
Sponsor a child - These funds are specifically used to support individual children with educational assistance. During the year, the amount of the remaining funds of £137,982 were transferred to the Education for the under-privileged fund as the projects were deemed to be combined for the same purpose towards supporting quality education. Sponsor a Child donations are now being recognised under the umbrella of the Education for the under-privileged.
Teachers salary - This fund is for the purpose of contributing to teachers’ salaries in Bangladesh.
Education for the under-privileged - Funds specifically raised for grants towards quality education.
JAAGO Youth Programme - Funds specifically raised to support youth action groups and campaigns aiming to empower the youth for a meaningful future.
Improving Menstrual Health Management Practice Among Underprivileged School Girls - Funds received to improve menstrual health management practices among underprivileged girls.
Like me Pte. - Funds specifically for purchasing stationery for underprivileged children.
Jaago Women Scholarship Programme- UGO - This fund is for a collaborative initiative of U-Go and JAAGO Foundation, committed to dismantling the financial barriers that prevent underprivileged girls from accessing education.
12% of restricted donations and grants has been transferred to general funds during the year, in line with communication with donors, to cover operational costs of the charity with unrestricted funds.
Page 20
**Jaago Foundation**
## **Notes to the financial statements For the year ended 6 April 2025**
## **9. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
General Funds
**Restricted funds**
Sponsor a child
Teacher's salary
Education for the under-
privileged
JAAGO youth programme
Improving Menstrual Health
Management Practice Among
Underprivileged School Girls
Like Me Pte
**Total of funds**|Balance at
1 April 2023
£
3,057
137,982
10,288
17,419
129,967
-
-
295,656
298,713|Income
£
21,959
-
4,400
117,445
27,641
6,763
610
156,859
178,818|Expenditure
£
(2,960)
-
(5,015)
(228,586)
(140,143)
(6,763)
(2)
(380,509)
(383,469)|Transfers
in/out
£
-
(137,982)
-
137,982
-
-
-
-
-|Balance at
6 April 2024
£
22,056|
|---|---|---|---|---|---|
||||||-
9,673
44,260
17,465
-
608|
||||||72,006|
||||||94,062|
## **10. Summary of funds**
## **Summary of funds - current year**
|General funds
Restricted funds|**Balance at 7**
**April 2024**
**£**
22,056
72,006
94,062|**Income**
**£**
2,562
620,548
623,110|**Expenditure**
**£**
(26,933)
(250,000)
(276,933)|**Transfers**
**in/out**
**£**
74,466
(74,466)
-|**Balance at 6**
**April 2025**
**£**
72,151
368,088|
|---|---|---|---|---|---|
||||||440,239|
Page 21
**Jaago Foundation**
## **Notes to the financial statements For the year ended 6 April 2025**
## **10. Summary of funds (continued)**
## **Summary of funds - prior year**
|General funds
Restricted funds|Balance at
1 April 2023
£
3,057
295,656
298,713|Income
£
21,959
156,859
178,818|Expenditure
£
(2,960)
(380,509)
(383,469)|Transfers
in/out
£
-
-
-|Balance at
6 April 2024
£
22,056
72,006|
|---|---|---|---|---|---|
||||||94,062|
## **11. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2025**
**£**
Current assets
75,470
Creditors due within one year
(3,319)
**Total**
72,151|**Restricted**
**funds**
**2025**
**£**
368,088
-
368,088|**Total**
**funds**
**2025**
**£**
443,558
(3,319)|
|---|---|---|
|||440,239|
## **Analysis of net assets between funds - prior year**
|Current assets
Creditors due within one year
**Total**|Unrestricted
funds
2024
£
27,150
(5,094)
22,056|Restricted
funds
2024
£
72,006
-
72,006|Total
funds
2024
£
99,156
(5,094)|
|---|---|---|---|
||||94,062|
Page 22
**Jaago Foundation**
## **Notes to the financial statements For the year ended 6 April 2025**
## **12. Reconciliation of net movement in funds to net cash flow from operating activities**
|Net income/expenditure for the year (as per Statement
Activities)
**Adjustments for:**
Increase/(decrease) in creditors
**Net cash provided by/(used in) operating activities**
**13.**
**Analysis of cash and cash equivalents**
Cash in hand
**Total cash and cash equivalents**
**14.**
**Analysis of changes in net debt**
Cash at bank and in hand|of Financial
**At 7 April**
**2024**
**£**
99,156
99,156|**2025**
**£**
346,177
(1,775)
344,402
**2025**
**£**
443,558
443,558
**Cash flows**
**£**
344,402
344,402|2024
£
(204,651)
912
(203,739)
2024
£
99,156
99,156
**At 6 April**
**2025**
**£**
443,558
443,558|
|---|---|---|---|
## **15. Pension commitments**
The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £550 (2024 - £Nil). A balance of £174 (2024: £Nil) was payable to the scheme at the balance sheet date and is included in creditors.
Page 23
**Jaago Foundation**
## **Notes to the financial statements For the year ended 6 April 2025**
## **16. Related party transactions**
Mrs R Morris, Trustee, is also a trustee of The Orphan Trust (a registered charity in England and Wales). During the year, JAAGO Foundation UK did not receive a donation from this charity (2024: £5,000).
Mr K Dhrubo, Trustee, is also engaged in JAAGO Foundation Trust (a registered non-profit organisation in Bangladesh). During the year, JAAGO Foundation UK made a donation to JAAGO Foundation Trust of £250,000 (2024: £380,000).
At the balance sheet date there were no outstanding balances owing between related parties and the Charity (2024: £NIL).
Page 24