2024-12-31-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 2024`

`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 2024`

	`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 13`

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`

Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31December2024.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.

The advancement of education (including social and physical training) of disadvantaged young.
persons, in such ways as the charity trustees think fit, including by:

-awardingtosuchpersonsscholarships,maintenanceallowancesorgrantstenableatany university,
college, or institution of higher or further education.

-providingfortheireducationandpreparingthemforentrytoanyoccupation,trade,orprofession on
leaving any educational establishment.

-assistingothercharitableorganisationswhoseaimsincludeadvancingtheeducationofsuch young
persons.

The reliefof unemploymentof disadvantagedyoungpersons,in such ways as may be thoughtfit, including
assistance to find employment.

'Disadvantagedyoungpersons'meansthosepersonsaged16-24whoarein needby reasonof youth, age,
ill-health, disability, financial hardship or otherwise.

`Significant activities`

Thiswasthethirdyearofoperationforthecharityandinadditiontoincreasingtheawarenessof its
objectivesand aims, and continuingto raise funds it was able to commencesupportingbeneficiaries during
theyearinamoresignificantway.Detailsofitsachievementscanbefoundinthecharitable activities
sectionbelow.Thecharitymovedmoretowardssupportingthirdpartyorganisationssuchas universities
and colleges in line with its strategic aims set out in the previous year.

Insummary£70,300wasspentoncharitableactivitiesduringtheyearwithcommitmentsofup to
£121,600 to be paid out in the following year on long term support activities.

`Public benefit`

ThetrusteesoftheJimJacksonEducationalandEnablingFoundationCIOconfirmthattheyare satisfied
thattheyhavecompliedwiththeirdutywithregardstoensuringthattheCharityhasundertaken suitable
works 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 2024`

`ACHIEVEMENTS AND PERFORMANCE`

`Charitable activities`

Duringtheyear,thecharitymadepaymentsof£70,300forcharitableactivities.Thisincluded £52,720
withinthe educationalfund, paid to third partycharitableorganisationsenablingthem to retain vulnerable
staffinfullemploymentwhilstsupportingthemwithapprenticeshipsinrecognisedqualifications. The
supportincludedtimeoffforstudyattendanceandstudycosts.Theseactivitieshavebenefittedboth the
thirdpartycharityinbeingabletoretaintheemployeesandtheindividualwhowillbenefitfrom a
structuredtrainingprogrammetosecureemploymentandtobeabletoseekfuture employment
opportunities as they arise using the skills and qualifications gained under this programme.

Inaddition,paymentsweremadetoindividualsamountingto£17,580tosupportlongerterm study
programmesandqualificationswithintheUK,IndiaandAfricaandthroughtheenablingfund where
supportwasprovidedthroughthesupplyofcomputers,ITandotherequipment,andwithpayment for
shorttermandoneoffcoursefeesleadingtoopportunitiesforindividualstodeveloptheirskills on
entering the business world .

Thecharityislookingtoextendthisprogrammefurtherinthefuturewithintheeducational sector
includingcollegesanduniversitiesandin 2024madepaymentsof£7,892tocommencesuch programmes
with a commitment of a further £121,600 to be paid in 2025.

ThetrusteeswereverypleasedwiththelevelofsupportprovidedbytheJimJacksonEducational and
Enabling Fund.

`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£154,066fromdonationsandlegacies.Totalexpenditure was
£79,218. There was an operating surplus of £74,848 in the year.

`Principal funding sources`

ThelargestsourceoffundsarisesfromdonationsfromAspectsBeautyCompanyLimited,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
1yearofunrestrictedcharitableexpenditure,upfrom6monthin2023duetothelevelof future
commitments.Thetrusteesconsiderthatthislevelwillprovidesufficientfundstomaintainfunding of
ongoinggrantcommitments,torespondtonewapplicationsandtoensurethatadministration, support,
andgovernancecostsarecovered.Thebalanceheldasunrestrictedfundson31December2024 was
£295,735, of which £133,000 was  regarded as sufficient as free reserves.

Page 2

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`REPORT OF THE TRUSTEES`

`FOR THE YEAR ENDED 31 DECEMBER 2024`

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

ThecharityiscontrolledandmanagedbyitsgoverningdocumentasaCIOthroughits Constitution
Document initially registered with the Charity Commission on 9th 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.

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 whateverway the 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`

`Principal address`

Balneath Manor
South Chailey
Lewes
East Sussex
BN8 4AP

Page 3

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`

`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

Approved by order of the board of trustees on 17 September 2025 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 2024.

`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

Date: .............................................

Page 5

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024`

`2024` `Unrestricted` `fund` `Notes` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `154,066` `EXPENDITURE ON` `Raising funds` `2` `3,346` `Charitable activities` `3` `Apprenticeships` `75,872` `Total` `79,218` `NET INCOME` `74,848` `RECONCILIATION OF FUNDS` `Total funds brought forward` `220,887` `TOTAL FUNDS CARRIED FORWARD` `295,735`	`2023` `Total` `funds` `£` `170,242`
	`433` `100,380`
	`100,813`
	`69,429` `151,458`
	`220,887`

The notes form part of these financial statements

Page 6

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`BALANCE SHEET 31 DECEMBER 2024`

`2024` `Unrestricted` `fund` `Notes` `£` `CURRENT ASSETS` `Debtors` `9` `134,800` `Cash at bank` `164,295` `299,095` `CREDITORS` `Amounts falling due within one year` `10` `(3,360)` `NET CURRENT ASSETS` `295,735` `TOTAL ASSETS LESS CURRENT LIABILITIES` `295,735` `NET ASSETS` `295,735` `FUNDS` `11` `Unrestricted funds` `295,735` `TOTAL FUNDS` `295,735`	`2023` `Total` `funds` `£` `146,000` `87,484` `233,484` `(12,597)` `220,887` `220,887` `220,887` `220,887` `220,887`

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
17 September 2025 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 2024`

`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.

`Financial instruments`

Financialassetsandfinancialliabilitiesarerecognisedinthebalancesheetwhenthe charity
becomes a party to the contractual provisions of the instrument.

continued...

Page 8

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`

`1. ACCOUNTING POLICIES - continued`

`Financial instruments`

Tradeandotherdebtorsandcreditorsareclassifiedasbasicfinancialinstrumentsandare initially
measuredatinitialrecognitionattransactionprice.Debtorsandcreditorsare subsequently
measuredatamortisedcostusingtheeffectiveinterestratemethod.Aprovisionis established
when thereis objectiveevidencethatthe companywill not be able to collectall amountsdue. Cash
andcashequivalentsareclassifiedasbasicfinancialinstrumentsandcomprisecashatbank and
short-termbank depositswith an originalmaturityof three monthsor less which are an integral part
of the charity's cash management.

Financialliabilitiesissuedbythecompanyareclassifiedinaccordancewiththesubstanceof the
contractual arrangements entered into and meet the definitions of a financial liability.

Financial assets are de-recognised when:

the contractual rights to the cash flows from the financial asset expire or are settled; or
the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset; or
the charity despite having retained some but not all significant risks and rewards of ownership, has transferred control of the asset to another party.

Financialliabilitiesarede-recognisedonlywhentheobligationspecifiedinthecontract is
discharged, cancelled or expires.

`2. RAISING FUNDS`

`Raising donations and legacies`

`Raising donations and legacies`
	`2024`	`2023`
	`£`	`£`
`Support costs`	`3,346`	`433`

continued...

Page 9

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`

`3. CHARITABLE ACTIVITIES COSTS`

`Direct` `Support` `Costs (see` `costs (see` `note 4)` `note 5)` `£` `£` `Apprenticeships` `70,300` `5,572` `4.` `DIRECT COSTS OF CHARITABLE ACTIVITIES` `2024` `£` `Educational funding` `52,720` `Enabling fund` `17,580` `Hardship fund` `-` `70,300` `5.` `SUPPORT COSTS` `Governance` `Management` `Finance` `costs` `£` `£` `£` `Raising donations and legacies` `2,855` `491` `-` `Apprenticeships` `3,772` `-` `1,800` `6,627` `491` `1,800`	`Totals` `£` `75,872`	`Totals` `£` `75,872`
	`2023` `£` `48,802` `13,715` `6,600`
	`69,117`
		`Totals` `£` `3,346` `5,572`
		`8,918`

`6. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2024 nor
for the year ended 31 December 2023.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheyearended31December2024norforthe year
ended 31 December 2023.

continued...

Page 10

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`

`7.`	`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`
		`Unrestricte`
		`fund`
		`£`
	`INCOME AND ENDOWMENTS FROM`
	`Donations and legacies`	`170,242`
	`EXPENDITURE ON`
	`Raising funds`	`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`

`8.`	`INDEPENDENT EXAMINER'S REMUNERATION`
	`The independent examiner's remuneration totalled £1,800 (2023 - £1,800) for the year.`
`9.`	`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
		`2024`	`2023`
		`£`	`£`
	`Accrued income`	`134,800`	`146,000`

continued...

Page 11

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`

10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
11.
MOVEMENT IN FUNDS
At 1.1.24
£
Unrestricted funds
General fund
220,887
TOTAL FUNDS
220,887
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
154,066
TOTAL FUNDS
154,066
Comparatives for movement in funds
At 1.1.23
£
Unrestricted funds
General fund
151,458
TOTAL FUNDS
151,458 2024
2023
£
£
3,360
12,597
Net
movement
At
in funds
31.12.24
£
£
74,848
295,735
74,848
295,735
Resources
Movement
expended
in funds
£
£
(79,218)
74,848
(79,218)
74,848
Net
movement
At
in funds
31.12.23
£
£
69,429
220,887
69,429
220,887

continued...

Page 12

THE JIM JACKSON EDUCATIONAL AND ENABLING
FOUNDATION CIO

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`

`11. MOVEMENT IN FUNDS - continued`

Comparative net movement in funds, included in the above are as follows:

`Unrestricted funds` `General fund` `TOTAL FUNDS`	`Incoming` `resources` `£` `170,242` `170,242`	`Resources` `Movement` `expended` `in funds` `£` `£` `(100,813)` `69,429` `(100,813)` `69,429`

`12. RELATED PARTY DISCLOSURES`

During the periodthe charityreceiveddonationsof £3,180(2023- £1,750)fromJ Hill, a trustee, and
£134,800(2023- £169,908)fromAspectsBeautyCompanyLimited,a companyin whichtwoof the
trustees are also directors.

Accruedincomeof£134,800(2023-£146,000)representsdonationspledgedduringtheyear that
were received post year end.

Page 13