Trustees’ Annual Report for the period
From June 2023 Period start date To March 2024 Period end date
Charity name: JACOB’S ACADEMY
Charity registration number: 1200101
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | Jacobs Academy works to improve the educational experiences and career prospects of young people throughout the UK, acting to prevent poverty and inspire hope. It is our mission to provide vocational training, online and classroom courses to young school age persons in computing, arts, media, technology, crafts, commerce and many more. Providing educational funding, and specific material care and hygiene essentials. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
- Seasonal Vocational Training Workshops - Neighbourhood Greening and Sanitation Drives - Educational Trips and Tours - Classroom and Online Tutoring in Maths and English |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | All trustees have had regard to the government guidance on Public benefit: Rules for charities. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment
Contribution made by Para 1.38 volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | - Assisted over 30 school students with free Maths and English tutoring in preparation for exams. Significant improvements in grades across board. - 2 career workshops within this period to give young people an insight into several vocations hands on, and improve their career decisions by being better informed. - Participated in events and activities tackling youth violence and antisocial behaviours in London communities. - 4 Neighbourhood Sanitation events, cleaning up communities and enhancing green areas. |
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set |
Para 1.41 |
|
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | At the end of the financial period, the charity reported a deficit, with expenditures exceeding donation income. This indicates that the organization utilized alternative income sources to meet its operational and programmatic commitments. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | No reserves held at this time |
| Amount of reserves held | Para 1.22 | No reserves held at this time |
| Reasons for holding zero reserves |
Para 1.22 | At the end of the financial period, the charity reported a deficit, with expenditures exceeding donation income. |
| Details of fund materially in deficit |
Para 1.24 | £182.55 |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | While the deficit may reflect a strategic decision to invest in key initiatives, it underscores the importance of closely monitoring future income streams and maintaining sustainable financial practices to ensure long-term viability. |
Additional information (optional) You may choose to include further statements where relevant about:
Direct donations from concerned communities. The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted - Underfunding, due to dire economic situation A description of the principal Para 1.46 risks facing the charity Other
Structure, Governance and Management
| Description of charity’s trusts: |
The charity holds a trust established to support its mission of advancing youth education. The trust is a designated fund currently provided by donors and managed in accordance with the specific purposes set out by the original donors. The income generated from the trust is allocated towards educational programs, scholarships, resources, and other initiatives that benefit young people. The trust is administered with oversight to ensure compliance with the terms of the trust and alignment with the charity’s objectives. |
|
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust deed |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Election to post by board and consistent volunteers. |
Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees |
Para 1.51 |
|
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | JACOB’S ACADEMY |
|---|---|
| Other name the charity uses | Jacobs Academy |
| Registered charity number | 1200101 |
| Charity’s principal address | 167-169 Great Portland str London W1W 5PF |
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) |
|---|---|---|---|---|
| Nathan Israel | Director | |||
| Olatunbosun Sadare |
Director, Operations | |||
| Darryll Owusu- Agyeman |
Director, Marketing | |||
– Corporate trustees names of the directors at the date the report was approved
Director name Nathan Israel Olatunbosun Sadare - Darryll Owusu Agyeman
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets None. held in this capacity Name and objects of the None charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for None safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
n/a
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Olatunbosun SADARE Position (eg Secretary, Trustee Chair, etc) Date 24.04.2025