2023-12-31-accounts - The Jim Jackson Educational And Enabling Foundation CIO

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REGISTERED CHARITY NUMBER: 1195440

`REPORT OF THE TRUSTEES AND`

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

`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 2023`

	`Page`
`Report of the Trustees`	`1 to 5`
`Independent Examiner's Report`	`6`
`Statement of Financial Activities`	`7`
`Balance Sheet`	`8`
`Notes to the Financial Statements`	`9 to 13`
`Detailed Statement of Financial Activities`	`14 to 15`

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`REPORT OF THE TRUSTEES`

`FOR THE YEAR ENDED 31 DECEMBER 2023`

Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31December2023.ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewith the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

TheobjectsoftheJimJacksonEducationalandEnablingFoundationCIOaretoprovideforthepublic benefit,
and on a worldwide basis the following:

The relief of need of disadvantaged young persons.

The advancementof education(includingsocialand physicaltraining)of disadvantagedyoungpersons,in  such
ways as the charity trustees think fit, including by:

-awardingtosuchpersonsscholarships,maintenanceallowancesorgrantstenableatanyuniversity, college
or institution of higher or further education;

- providingfortheireducationand preparingthemforentrytoanyoccupation,tradeorprofessionon leaving
any educational establishment;

- assisting other charitable organisations whose aims include advancing the education of such young persons.

Thereliefofunemploymentofdisadvantagedyoungpersons,insuchwaysasmaybethoughtfit, including
assistance to find employment.

'Disadvantagedyoungpersons'meansthosepersonsaged16-24whoareinneedbyreasonofyouth, age,
ill-health, disability, financial hardship or otherwise.

`Significant activities`

Thiswasthesecondyearofoperationforthecharityandinadditiontoincreasingtheawarenessof its
objectivesand aims, and continuingto raise funds it was able to commencesupportingbeneficiariesduring the
year in a significantway. Detailsof its achievementscan be found in the charitableactivitiessectionbelow. The
Trusteesestablishedaneffectiveprocessforreviewingandapprovingapplicationsforfundingandsupport in
thekeyareasof EducationalFunding,EnablingFundingand HardshipFunding.In summary£69,117was spent
on charitableactivitiesduring the year with commitmentsof up to £50,000to be paid out in the following year
on long term support activities.

`Public benefit`

ThetrusteesoftheJimJacksonEducationalandEnablingFoundationCIOconfirmthattheyaresatisfied that
they have compliedwith their duty with regardsto ensuringthat the Charityhas undertakensuitableworks for
the benefit of the public; as required by the Charity Commission.

Page 1

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`REPORT OF THE TRUSTEES`

`FOR THE YEAR ENDED 31 DECEMBER 2023`

`ACHIEVEMENT AND PERFORMANCE`

`Charitable activities`

Duringtheyear,thecharitymadepaymentsof£69,117forcharitableactivities.Thisincluded£48,802 within
the educationalfund, paid to third party charitableorganisationsenablingthem to retain vulnerablestaff in full
employmentwhilstsupportingthemwithapprenticeshipsinrecognisedqualifications.Thesupport included
timeoffforstudyattendanceandstudycosts.Theseactivitieshavebenefittedboththethirdpartycharity in
beingabletoretaintheemployeesandtheindividualwhowillbenefitfromastructuredtraining programme
tosecureemploymentandtobeabletoseekfutureemploymentopportunitiesastheyariseusingthe skills
and qualifications gained under this programme.

Inadditionpaymentsweremadetoindividualstosupportlongertermstudyprogrammesand qualifications
within the UK, India and Africa.

Thecharityislookingtoextendthisprogrammefurtherinthefuturewithintheeducationalsector including
local colleges and universities.

Afurther£13,715wasspentwithintheenablingfundwheresupportwasprovidedthroughthesupply of
computers,ITandotherequipment,andwithpaymentforshorttermandoneoffcoursefeesleading to
opportunities for individuals to develop their skills on entering the business world.

Finally£6,600waspaidoutfromthehardshipfundtosupportlivingaccommodation,andtravel and
subsistencecostsrelatingtoqualifyingstudyprogrammesthatwouldbesupportedthroughthe educational
and enabling funds.

GiventhatthiswasthefirstyearofmakingsignificantpaymentstoqualifyingbeneficiariestheTrustees were
very pleased with the level of support provided by the Jim Jackson Educational and Enabling Fund

`FINANCIAL REVIEW`

`Financial position`

Theresultsfortheyearandthecharity'sfinancialpositionattheendoftheyearareshowninthe attached
financial statements.

DuringtheYear,thecharityhadincomeof£170,242fromdonationsandlegacies.Totalexpenditure was
£100,813. There was an operating surplus of £69,429 in the year.

`Principal funding sources`

ThelargestsourceoffundsarisefromdonationsfromAspectsBeautyCompanyLimited,andtheJackson Hill
family.JimJackson,afterwhomthecharitywasestablishedandnamedwasthefounderandjoint managing
directorofAspectsBeautyCompanybeforehesadlypassedawayinFebruary2021.Otherfundscome from
generousdonationsfromcompaniesin the beautysectorand fromthe staffof AspectsBeautyCompany, who
notonlydonatefundsbutarrangeanumberofeventseveryyeartogeneratefundsandawarenessof the
charity.Othereventsare organisedby the companyand supportfor the charityis alwaysrepresented. Friends
of the company and family also make regular donations to the charity.

Page 2

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`REPORT OF THE TRUSTEES`

`FOR THE YEAR ENDED 31 DECEMBER 2023`

`FINANCIAL REVIEW`

`Reserves policy`

Thetrusteesaimtomaintainfreereservesin unrestrictedfundsat a levelwhichequatestoapproximately six
monthsof unrestrictedcharitableexpenditure.The trusteesconsiderthat this level will providesufficient funds
tomaintainfundingofongoinggrantcommitments,torespondtonewapplicationsandtoensure that
administration,supportandgovernancecostsarecovered.Thebalanceheldasunrestrictedfundsat 31st
December 2023 was £220,887, of which £60,000 was still regarded as sufficient as free reserves.

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

Thecharityis controlledandmanagedby itsgoverningdocumentas a CIOthroughitsConstitution Document
initially registered with the Charity Commission on 9th August 2021.

`Recruitment and appointment of new trustees`

Apartfromthe firsttrustees,everytrusteemustbe appointedfor a termof threeyearsby a resolution passed
ataproperlyconvenedmeetingofthecharitytrustees.Inselectingindividualsforappointmentas trustees,
the trusteesmusthaveregardto the skills,knowledgeand experienceneededforthe effective administration
of the Jim JacksonApart fromthe first trustees,everytrusteemust be appointedfor a term of three yearsby a
resolutionpassedataproperlyconvenedmeetingofthecharitytrustees.Inselectingindividuals for
appointmentas trustees,the trusteesmust have regard to the skills, knowledgeand experienceneeded for the
effective administration of the Jim Jackson Educational and Enabling Foundation CIO.

In appointingtrustees,thereshouldalwaysbe a familymemberand a representativefromthe 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.

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`

- heorshewouldautomaticallyceasetoholdofficeunderthesections178-180oftheCharitiesact2011 (or
any statutory re-enactment or modification of that provision) .

Page 3

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`REPORT OF THE TRUSTEES`

`FOR THE YEAR ENDED 31 DECEMBER 2023`

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

No one is entitledto act as a charitytrusteewhetheron appointmentor on any re-appointmentuntil he or  she
has expresslyacknowledged,in whateverway the charitytrusteesdecide,his or her acceptanceof the office of
charitytrustee.At leastoneofthetrusteesoftheJimJacksonEducationalandEnablingFoundationCIO must
be 18 yearsof age or over.If thereis no trusteeaged at least18 years,the remainingtrusteesmayonlyact to
call a meeting of the trustees or appoint a new trustee.

Theremustbeatleastthreetrustees.Ifthenumberfallsbelowthisminimum,theremainingtrustee or
trusteesmay act only to call a meetingof the trusteesor appointa new trustee.There is no maximum number
of trustees that may be appointed to the Jim Jackson Educational and Enabling Foundation CIO.

`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`

`Principal address`

Balneath Manor
South Chailey
Lewes
East Sussex
BN8 4AP

`Trustees`

A J S Field
J A Hill
C B Woodley
G G Smith
P E Frost
A J B Jackson

`Independent Examiner`

LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

Page 4

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`REPORT OF THE TRUSTEES`

`FOR THE YEAR ENDED 31 DECEMBER 2023`

Approved by order of the board of trustees on 2 July 2024 and signed on its behalf by:

A J S Field - Trustee

Page 5

`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`

I reportto the charitytrusteeson my examinationof the accountsof The Jim JacksonEducationaland  Enabling
Foundation CIO (the Trust) for the year ended 31 December 2023.

`Responsibilities and basis of report`

As the charitytrusteesof the Trustyou are responsiblefor the preparationof the accountsin accordance with
the requirements of the Charities Act 2011 ('the Act').

IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActand in
carryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharityCommission under
Section 145(5)(b) of the Act.

`Independent examiner's statement`

I have completedmy examination.I confirmthat no materialmattershave come to my attentionin  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

29 July 2024

Page 6

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023`

`2023` `Unrestricted` `fund` `Notes` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `170,242` `EXPENDITURE ON` `Raising funds` `2` `433` `Charitable activities` `Apprenticeships` `100,380` `Total` `100,813` `NET INCOME` `69,429` `RECONCILIATION OF FUNDS` `Total funds brought forward` `151,458` `TOTAL FUNDS CARRIED FORWARD` `220,887`	`2022` `Total` `funds` `£` `175,908`
	`450` `24,000`
	`24,450`
	`151,458` `-`
	`151,458`

The notes form part of these financial statements

Page 7

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`BALANCE SHEET 31 DECEMBER 2023`

`2023` `Unrestricted` `fund` `Notes` `£` `CURRENT ASSETS` `Debtors` `7` `146,000` `Cash at bank` `87,484` `233,484` `CREDITORS` `Amounts falling due within one year` `8` `(12,597)` `NET CURRENT ASSETS` `220,887` `TOTAL ASSETS LESS CURRENT LIABILITIES` `220,887` `NET ASSETS` `220,887` `FUNDS` `9` `Unrestricted funds` `220,887` `TOTAL FUNDS` `220,887`	`2022` `Total` `funds` `£` `75,852` `77,407` `153,259` `(1,801)` `151,458` `151,458` `151,458` `151,458` `151,458`

Thefinancialstatementswereapprovedby theBoardofTrusteesandauthorisedforissueon2 July2024 and
were signed on its behalf by:

A J S Field - Trustee

The notes form part of these financial statements

Page 8

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`NOTES TO THE FINANCIAL STATEMENTS`

`FOR THE YEAR ENDED 31 DECEMBER 2023`

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
with the FinancialReportingStandardapplicablein the UK and Republicof Ireland(FRS 102)(effective 1
January2019)',FinancialReportingStandard102'The FinancialReportingStandardapplicablein the UK
and Republicof Ireland'and the CharitiesAct 2011.The financialstatementshavebeen prepared under
the historical cost convention.

`Preparation of the accounts on a going concern basis`

Thetrusteesarenotawareofanymaterialuncertaintiesaboutthecharity'sabilitytocontinueas a
going concern.

`Income`

All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhas entitlementto the
funds, it is probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesare recognisedas expenditureas soon as there is a legal or constructiveobligation committing
thecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequired in
settlementand the amountof the obligationcan be measuredreliably.Expenditureis accountedfor on
an accrualsbasisand has been classifiedunderheadingsthataggregateall costrelatedto the category.
Wherecostscannotbedirectlyattributedtoparticularheadingstheyhavebeenallocatedto activities
on a basis consistent with the use of resources.

`Taxation`

The charity is exempt from tax on its charitable activities.

`Fund accounting`

Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.

continued...

Page 9

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023`

`2. RAISING FUNDS`

`Raising donations and legacies`

`Support costs` `SUPPORT COSTS` `Management` `£` `Raising donations and` `legacies` `-` `Apprenticeships` `29,423` `29,423`	`2023` `£` `433` `Information` `Governance` `Finance` `technology` `costs` `£` `£` `£` `433` `-` `-` `-` `40` `1,800` `433` `40` `1,800`	`2022` `£` `450` `Totals` `£` `433` `31,263`	`2022` `£` `450`
		`31,696`

`3. SUPPORT COSTS`

`4. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2023nor for
the year ended 31 December 2022.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheyearended31December2023norfortheyear ended
31 December 2022.

`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`
	`Unrestricted`
	`fund`
	`£`
`INCOME AND ENDOWMENTS FROM`
`Donations and legacies`	`175,908`
`EXPENDITURE ON`
`Raising funds`	`450`
`Charitable activities`
`Apprenticeships`	`24,000`
`Total`	`24,450`

continued...

Page 10

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023`

`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`

	`Unrestricted`
	`fund`
	`£`
`NET INCOME`	`151,458`
`TOTAL FUNDS CARRIED FORWARD`	`151,458`

`6. INDEPENDENT EXAMINER'S REMUNERATION`

The independent examiner's remuneration totalled £1,800 (2022 - £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` `Unrestricted funds` `General fund` `TOTAL FUNDS`	`At 1.1.23` `£` `151,458` `151,458`	`2023` `£` `-` `146,000` `146,000` `2023` `£` `12,597` `Net` `movement` `in funds` `£` `69,429` `69,429`		`2022` `£` `6,803` `69,049`
				`75,852`
			`2022` `£` `1,801` `At` `31.12.23` `£` `220,887`	`2022` `£` `1,801`
			`220,887`

continued...

Page 11

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023`

`9. MOVEMENT IN FUNDS - continued`

Net movement in funds, included in the above are as follows:

`Unrestricted funds` `General fund` `TOTAL FUNDS` `Comparatives for movement in funds` `Unrestricted funds` `General fund` `TOTAL FUNDS` `Comparative net movement in funds, included in the above are` `Unrestricted funds` `General fund` `TOTAL FUNDS`	`Incoming` `resources` `£` `170,242` `170,242` `At 1.1.22` `£` `-` `-` `as follows:` `Incoming` `resources` `£` `175,908` `175,908`	`Resources` `Movement` `expended` `in funds` `£` `£` `(100,813)` `69,429` `(100,813)` `69,429` `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 12

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023`

`9. MOVEMENT IN FUNDS - continued`

A current year 12 months and prior year 12 months combined position is as follows:

`Unrestricted funds` `General fund` `TOTAL FUNDS`	`At 1.1.22` `£` `-` `-`	`Net` `movement` `in funds` `£` `220,887` `220,887`	`At` `31.12.23` `£` `220,887`
			`220,887`

A currentyear12monthsandprioryear12monthscombinednetmovementin funds,includedin  the
above are as follows:

`Unrestricted funds` `General fund` `TOTAL FUNDS`	`Incoming` `resources` `£` `346,150` `346,150`	`Resources` `Movement` `expended` `in funds` `£` `£` `(125,263)` `220,887` `(125,263)` `220,887`

`10. RELATED PARTY DISCLOSURES`

Duringtheperiodthecharityreceiveddonationsof£1,750(2022-£25,000)fromJHill,atrustee, and
£150,458(2022-£113,497)fromAspectsBeautyCompanyLimited,acompanyinwhichtwoof the
trustees are also directors.

Page 13