Trustees’ Annual Report for the period
From: 08/11/2023 To: 31/10/2024
Charity name: WeJam Foundation
Charity registration number: 1205636
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | For the public benefit amongst children and young people, and in particular but not exclusively, those with special educational needs and disabilities, the advancement of education and development in all aspects of music and related skills, including teamwork and confidence building. |
| 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 |
The main activity is delivering music workshops to young people in need |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees are aware of the guidance and have taken it into account when making a decision to which the guidance is relevant |
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 Para 1.38 Contribution made by 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 | For this reporting period we have not yet delivered any work, however we were successful in our fundraising efforts, and our work for the public benefit will begin in the next reporting period |
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 period we have £404 in unrestricted funds, and £12,389 in restricted funds |
Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | We aim to maintain 3 months operating expenditure as reserves to allow us to continue operating given the unpredictable nature of our income |
| Amount of reserves held | Para 1.22 | £404 |
| Reasons for holding zero reserves |
Para 1.22 | n/a |
| Details of fund materially in deficit |
Para 1.24 | n/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | n/a |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other | ||
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Charity Commission foundation model constitution |
| 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 | There must be at least three charity trustees. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees, or appoint a new charity trustee. There is no maximum number of charity trustees that may be appointed to the CIO. Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. |
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 | WeJam Foundation |
|---|---|
Other name the charity uses |
|
Registered charity number |
1205636 |
| Charity’s principal address | 5-7 Buck St, London, NW1 8NJ |
Names of the charity trustees who manage the charity
| Trustee Name | Office (if any) | Dates acted if not for whole year | |
|---|---|---|---|
| 1 | Chris Spreadbury | Chair | 2023-present |
| 2 | Oscar Leonard | 2023-present | |
| 3 | Chyaro Hylton | 05/11/2024-present |
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature ________ Full name Chris Spreadbury Position Chair of Trustees Date 27/02/2025
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Charity Name No (if any)
WeJam Foundation 1205636
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 08/11/2023 31/10/2024
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
The Follett Trust-donation 500 - - 500 -
Young Camden Foundation - 4,889 - 4,889 -
The Childwick Trust - 3,000 - 3,000 -
East End Community Foundation - 4,500 - 4,500 -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
AR) [ 500 ] 12,389 - 12,889 -
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 500 12,389 - 12,889 -
A3 Payments
Insurance 96 - - 96 -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 96 ] - - 96 -
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 96 - - 96 -
Net of receipts/(payments) 404 12,389 - 12,793 -
A5 Transfers between funds - - - - -
A6 Cash funds last year end - - - - -
Cash funds this year end 404 12,389 - 12,793 -
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CCXX R1 accounts (SS)
30/01/2025
1
| Section B Statement of assets and liabilities at | Section B Statement of assets and liabilities at | the end of the period | |
|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Details Total cash funds (agree balances with receipts and payments account(s)) Nat West Bank Details Details Details Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ 404 12,389 - - - - 404 12,389 OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Chris Spreadbury |
Endowment funds to nearest £ - - - |
| - | |||
| OK | |||
| Endowment funds to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval 17/02/2025 |
CCXX R2 accounts (SS)
30/01/2025
2