| Trustees' Annual Report | Trustees' Annual Report | Trustees' Annual Report | Trustees' Annual Report | Trustees' Annual Report | for theperiod | for theperiod | for theperiod | ||
|---|---|---|---|---|---|---|---|---|---|
| From | Period start date | To | Period end date | ||||||
| 01 | April | 2023 | 31 | March | 2024 |
Section A Reference and administration details
Charity name
The Janice Ann McNaughton Foundation
Other names charity is known by Registered charity number (if any) 1193871
The JAM Foundation
| ered charity number (if any) | 1193871 | |
|---|---|---|
| Charity's principal address | 8 Church Street | |
| Amersham | ||
| Buckinghamshire | ||
| Postcode | HP70DB |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|
|---|---|---|---|---|---|
| Ian Andrew McNaughton |
Chair | ||||
| Conor Cahil | |||||
| Paul Francis Thornberry |
|||||
| Steven Lucas | |||||
| Names of the trustees for the charity, if any, (for example, any custodian trustees) | |||||
| Name | Dates acted if not for whole year | ||||
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| Names and addresses of advisers (Optional information) Type of adviser Name Address |
Names and addresses of advisers (Optional information) Type of adviser Name Address |
Names and addresses of advisers (Optional information) Type of adviser Name Address |
|---|---|---|
| Name of chief executive or names of senior staff members (Optional information) | ||
Section B Structure, governance and management
Description of the charity’s trusts
Constitution Type of governing document (eg. trust deed, constitution) Charitable Incorporated Organisation (Foundation Structure) How the charity is constituted (eg. trust, association, company) Appointed by existing Trustees Trustee selection methods (eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
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policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
Section C Objectives and activities
Summary of the objects of the charity set out in its governing document
To advance in life and relieve needs of young people through:
(a) Advancing education by providing bursaries to support disadvantaged children and young people to improve access to education and training opportunities for this cohort focusing on careers in Social Care, Healthcare and Community Engagement that provide specific support to disadvantaged children and young people.
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- (b) Relieving sickness by funding support to children and young people who have life threatening or limiting conditions. This may be because their current Healthcare Trust are unable to provide the treatment required and therefore getting treatment required may involve additional travel and treatment costs.
The Foundation has focused on;
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Fundraising and secured further private donations and Gift Aid recovery from the HMRC.
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Promoting the Bursary Support available through both The University of Hertfordshire and Hertfordshire County Council. The University committed to promoting the Bursaries via their Widening Access Team and the Local Authority through their Care Managers.
Summary of the main activities The overarching aim has been to raise the profile of the Bursary scheme undertaken for the public benefit among eligible disadvantaged children and young people for whom the in relation to these objects Bursary may enable them to fulfil their ambition of going to university to (include within this section the qualify into a relevant vocation. statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
Additional details of objectives and activities (Optional information)
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You may choose to include further statements, where relevant, about:
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
Section D Achievements and performance
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Section D Achievements and performance
The Foundation were delighted to extend the scope of the Bursary Summary of the main programme to include two Bursaries (£3,000ea) to care-experienced achievements of the charity and/or disadvantaged young people who has successfully enrolled on the during the year undergraduate Social Work course at The University of Hertfordshire starting in September 2023.
Section E Financial review
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The Charity does not have any direct expenses or overheads, with the Brief statement of the charity’s only planned outgoings being the planned disbursement of Bursaries. policy on reserves Bursaries will be typically paid out in two instalments across the first and second semesters. Each Bursary is worth £3000.
Details of any funds materially in deficit
None
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
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the charity’s principal sources of funds (including any fundraising);
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how expenditure has supported the key objectives of the charity;
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investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||||
|---|---|---|---|---|
| Ian Andrew McNaughton | Conor Cahill | |||
| Chair of Trustees | Trustee | |||
| 7th January 2025 |
The JAM Foundaton
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Simplifed accounts for period 1 April 2023 to 31 March 2024
A. Income statement y/e 31 March 2024 £ Donations received 16,978.70 Gift Aid reclaim 1,552.25 Bursary awards (6,000.00) - Expenses Surplus 12,530.95 Note: see key date information below y/e 31 March 2024 B. Cashfow statement £ Opening cash at 1 Apr-23 4,105.62 Donations 16,978.70 Gift Aid 1,552.25 Bursary awards (6,000.00) - Expenses Closing cash at 31 Mar-24 16,636.57
| #1 Donaton A Donaton B Donaton C Donaton C Gif Aid #2 HMRC reclaim Bursary to Herts Uni #4 Bursary to Herts Uni |
100.00 500.00 3,000.00 5,000.00 8,600.00 (3,000.00) 9 Aug-23 (3,000.00) 21-Nov- 23 (6,000.00) |
|---|---|
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