REGISTERED CHARITY NUMBER: 1195440
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
FOR
THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO
LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE
THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
|
Page |
Report of the Trustees |
1 to 4 |
Independent Examiner's Report |
5 |
Statement of Financial Activities |
6 |
Balance Sheet |
7 |
Notes to the Financial Statements |
8 to 11 |
THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31December2022.ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordance with
the FinancialReportingStandardapplicablein the UK and Republicof Ireland(FRS 102)(effective1 January
2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
TheobjectsoftheJimJacksonEducationalandEnablingFoundationCIOaretoprovideforthe public
benefit, and on a worldwide basis the following:
The relief of need of disadvantaged young persons.
Theadvancementofeducation(includingsocialandphysicaltraining)ofdisadvantagedyoungpersons, in
such ways as the charity trustees think fit, including by:
-awardingtosuchpersonsscholarships,maintenanceallowancesorgrantstenableatany university,
college or institution of higher or further education;
-providingfortheireducationandpreparingthemforentrytoanyoccupation,tradeorprofession on
leaving any educational establishment;
-assistingothercharitableorganisationswhoseaimsincludeadvancingtheeducationofsuch young
persons.
The reliefof unemploymentof disadvantagedyoungpersons,in such waysas maybe thoughtfit, including
assistance to find employment.
'Disadvantagedyoungpersons'meansthosepersonsaged16-24whoarein needby reasonof youth, age,
ill-health, disability, financial hardship or otherwise.
Significant activities
AsthiswasthefirstfullyearoftheJimJacksonEducationalandEnablingFoundationCIOthemain focus
wastodriveawarenessofthecharityandtoraisesufficientfundstoenablethecharitytostart providing
supporttothebeneficiariesasidentifiedinitsobjectives.ThefoundationappointeditsfirstBoard of
trustees,establisheditsbankingarrangements,createdanddevelopeditswebsiteandrananumber of
events to publicise and promote the charity and generate initial funding for the charity.
Public benefit
ThetrusteesoftheJimJacksonEducationalandEnablingFoundationCIOconfirmthattheyare satisfied
thattheyhavecompliedwiththeirdutywithregardstoensuringthattheCharityhasundertaken suitable
works for the benefit of the public; as required by the Charity Commission.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Asnotedabovethiswasthefirstfullyearforthecharity,withfocusonraisingfundsand generating
awarenessofthecharity.Howeverthecharitywasabletostartprovidingsupporttotwo beneficiaries
towardstheendoftheyear.Supportwasintheformofreimbursementofsalarycostsforthe two
individualswhilstworkingwithinanotherlocalcharitableconcern.Thisenabledthecharityto support
them with their study costs towards achieving the NVQ Level 2 Customer Service Practitioner Qualification.
Page 1
THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2022
FINANCIAL REVIEW
Financial position
The resultsfor the year and the charity'sfinancialpositionat the end of the year are shown in the attached
financial statements.
Duringtheyear,thecharityhadincomeof£175,908fromdonationsandlegacies.Totalexpenditure was
£24,450. There was an operating surplus of £151,458 in the year.
Principal funding sources
ThelargestsourceoffundsarisefromdonationsfromAspectsBeautyCompanyLimited,andthe Jackson
Hillfamily.JimJackson,afterwhomthecharitywasestablishedandnamedwasthefounderand joint
managingdirectorof AspectsBeautyCompanybeforehe sadlypassedawayin February2021.Other funds
comefromgenerousdonationsfromcompaniesin the beautysectorand fromthe staffof Aspects Beauty
Company,whonotonlydonatefundsbutarrangeanumberofeventseveryyeartogeneratefunds and
awarenessof the charity.Othereventsare organisedby the companyand supportfor the charityis always
represented. Friends of the company and family also make regular donations to the charity.
Reserves policy
The trusteesaimto maintainfreereservesin unrestrictedfundsat a levelwhichequatesto approximately
sixmonthsofunrestrictedcharitableexpenditure.Thetrusteesconsiderthatthislevelwill provide
sufficientfunds to maintainfundingof ongoinggrantcommitments,to respondto new applicationsand to
ensurethatadministration,supportandgovernancecostsarecovered.Thebalanceheldas unrestricted
funds at 31 December 2023 was £151,458, of which £60,000 was regarded as free reserves.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
ThecharityiscontrolledandmanagedbyitsgoverningdocumentasaCIOthroughits Constitution
Document initially registered with the Charity Commission on 9 August 2021.
Recruitment and appointment of new trustees
Apartfromthefirsttrustees,everytrusteemustbeappointedforatermofthreeyearsbya resolution
passedata properlyconvenedmeetingofthecharitytrustees.In selectingindividualsforappointment as
trustees,thetrusteesmusthaveregardtotheskills,knowledgeandexperienceneededforthe effective
administration of the Jim Jackson Educational and Enabling Foundation CIO.
Inappointingtrustees,thereshouldalwaysbeafamilymemberandarepresentativefromthe family
business on the trustee board of the Jim Jackson Educational and Enabling Foundation CIO.
The charity trustees will make available to each new trustee, on or before his or her first appointment:
- a copy of the current version of this constitution; and
- a copy of the CIO's latest Trustees' Annual Report and statement of accounts.
Page 2
THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Every trustee of the Jim Jackson Educational and Enabling Foundation CIO must be a natural person.
No individual may be appointed as a trustee if:
- he or she is under the age of 16 years; or
- heorshewouldautomaticallyceasetoholdofficeunderthesections178-180oftheCharitiesact 2011
(or any statutory re-enactment or modification of that provision) .
No one is entitledto act as a charitytrusteewhetheron appointmentor on any re-appointmentuntil he or
she has expresslyacknowledged,in whateverwaythe charitytrusteesdecide,his or her acceptanceof the
officeofcharitytrustee.AtleastoneofthetrusteesoftheJimJacksonEducationaland Enabling
FoundationCIO must be 18 yearsof age or over.If there is no trusteeaged at least 18 years,the remaining
trustees may only act to call a meeting of the trustees or appoint a new trustee.
Theremustbeatleastthreetrustees.Ifthenumberfallsbelowthisminimum,theremainingtrustee or
trusteesmayactonlytocallameetingofthetrusteesorappointanewtrustee.Thereisno maximum
number of trustees that may be appointed to the Jim Jackson Educational and Enabling Foundation CIO.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1195440
Principal address
Balneath Manor
South Chailey
Lewes
East Sussex
BN8 4AP
Trustees
A J S Field
J A Hill
C B Woodley (appointed 16.6.22)
G G Smith
P E Frost
A J B Jackson
C E Chapman (resigned 16.6.22)
Independent Examiner
LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE
Page 3
THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2022
Approved by order of the board of trustees on 28 July 2023 and signed on its behalf by:
A J S Field - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE JIM JACKSON EDUCATIONAL AND ENABLING FOUNDATION CIO
Independent examiner's report to the trustees of The Jim Jackson Educational and Enabling Foundation CIO
IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheJimJacksonEducational and
Enabling Foundation CIO (the Trust) for the year ended 31 December 2022.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsin accordance
with the requirements of the Charities Act 2011 ('the Act').
I reportin respectof myexaminationof theTrust'saccountscarriedoutunderSection145of theAct and
incarryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharity Commission
under Section 145(5)(b) of the Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattention 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 Trust as required by Section 130 of the 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.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
S Murray FCCA
LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE
2 August 2023
Page 5
THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
Year ended
31.12.22
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
175,908
EXPENDITURE ON
Raising funds
2
450
Charitable activities
Apprenticeships
24,000
Total
24,450
NET INCOME
151,458
RECONCILIATION OF FUNDS
Total funds brought forward
-
TOTAL FUNDS CARRIED FORWARD
151,458 |
Period
9.8.21
to
31.12.21
Total
funds
£
- |
|
-
- |
|
- |
|
-
- |
|
- |
The notes form part of these financial statements
Page 6
THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO
BALANCE SHEET
31 DECEMBER 2022
2022
Unrestricted
fund
Notes
£
CURRENT ASSETS
Debtors
7
75,852
Cash at bank
77,407
153,259
CREDITORS
Amounts falling due within one year
8
(1,801)
NET CURRENT ASSETS
151,458
TOTAL ASSETS LESS CURRENT LIABILITIES
151,458
NET ASSETS
151,458
FUNDS
9
Unrestricted funds
151,458
TOTAL FUNDS
151,458 |
2021
Total
funds
£
-
- |
|
-
- |
|
- |
|
- |
|
- |
|
- |
|
- |
The financialstatementswereapprovedby the Boardof Trusteesand authorisedforissueon 28 July 2023
and were signed on its behalf by:
A J S Field - Trustee
The notes form part of these financial statements
Page 7
THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancial statements
have been prepared under the historical cost convention.
Preparation of the accounts on a going concern basis
Thetrusteesarenotawareofanymaterialuncertaintiesaboutthecharity'sabilitytocontinueas a
going concern.
Income
Allincomeis recognisedin theStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthe charityto that expenditure,it is probablethat a transferof economicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbe usedin accordancewiththecharitableobjectivesat thediscretionof the
trustees.
Restrictedfunds can only be used for particularrestrictedpurposeswithin the objectsof the charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
Furtherexplanationofthenatureandpurposeofeachfundis includedin thenotestothe financial
statements.
continued...
Page 8
THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
2. RAISING FUNDS
Raising donations and legacies
Support costs
SUPPORT COSTS
Management
£
Raising donations and
legacies
-
Apprenticeships
19,399
19,399 |
Period
9.8.21
Year ended
to
31.12.22
31.12.21
£
£
450
-
Information
Governance
Finance
technology
costs
Totals
£
£
£
£
450
-
-
450
-
49
1,800
21,248
450
49
1,800
21,698 |
Period
9.8.21
Year ended
to
31.12.22
31.12.21
£
£
450
-
Information
Governance
Finance
technology
costs
Totals
£
£
£
£
450
-
-
450
-
49
1,800
21,248
450
49
1,800
21,698 |
|
|
21,698 |
3. SUPPORT COSTS
4. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2022 nor
for the period ended 31 December 2021.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31December2022norforthe period
ended 31 December 2021.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Total
funds
£
NET INCOME -
TOTAL FUNDS CARRIED FORWARD -
continued...
Page 9
THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
6. INDEPENDENT EXAMINER'S REMUNERATION
The independent examiner's remuneration totalled £1,800 for the year.
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Gift Aid
Accrued income
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
9.
MOVEMENT IN FUNDS
At 1.1.22
£
Unrestricted funds
General fund
-
TOTAL FUNDS
-
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
175,908
TOTAL FUNDS
175,908 |
2022
2021
£
£
6,803
-
69,049
-
75,852
-
2022
2021
£
£
1,801
-
Net
movement
At
in funds
31.12.22
£
£
151,458
151,458
151,458
151,458
Resources
Movement
expended
in funds
£
£
(24,450)
151,458
(24,450)
151,458 |
|
|
continued...
Page 10
THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
10. RELATED PARTY DISCLOSURES
Duringtheperiodthecharityreceiveddonationsof£25,000fromJHill,atrustee,and £113,497
from Aspects Beauty Company Limited, a company in which two of the trustees are also directors.
Page 11