## **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|
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## **Names of the charity trustees who manage the charity**
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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|||
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## – 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