```
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
```