The James Kane Foundation
(A Company Limited by Guarantee)
Trustees, Report
For the Year Ended 31 May 2023
The Trustees present their annual report together with the audited financial statements of the Company {'the
Charity,) for the year 1 June 2022 to 31 May 2023. The Annual Report serves the purpose of both a Trustees,
report and a Directors, report under company law. The Trustees confim that the Annual Report and financial
statements of the Charity comply with the current statutory requirements of the Charity's Memorandum and
Articles of Association and the provisions of the Statement of Recommended Practice (SORP) applicable to
charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS102) (effects"ve 1 January 2015) as amended by Update Bulletin 1 effects've January
2015}.
Objectives and activities
a. Policies and objectives
Tlie ubjective5 uf Tlie Jcltnes Kane Foundation. in accordance with the Charity Commi55iori'5 guidance Dn public
benefit, is..
"To advance education for the public benefit in Portadown and its environs in particular and elsewhere in
Northern Ireland whether directly to individuals or indirectly through education bodies such as schools, colleges
or third level institutions or employers by the provision of fvnding for work experience, employment opportunities
or training opportunities or for preparation for entry to any occupation. vocation. trade or profession or to
enhance career development, skills and competencies within the area of benefit provided that the funding will not
be used for anything which schools or colleges have a statutory duty to provide.
And
"To provide any other purpose which is exclusively charitable according to the law of Nl.
b. Activities for achieving objectives
As noted in the Report for the Year to 31 May 2020 the only asset of the Charity was the entire issued ordinary
and preference share capital of J W Kane (Precision Engineering) LimiteL1, which was sold on 211th Petjruary
2019. Outstanding items of deferred consideration arising from the sale of J W Kane (Precision Engineering)
Limited were settled and released in November 2021 and were reflected in the Financial Statements to the end
of May 2022.
As noted in the Report for the Year to 31 May 2022, a recruitment prO￿s5 to attract new trustees was initiated in
that year, and resulting from that prO￿sS Lynn Connaughton vA)o is highly experienced in business development
within the further and higher education sector fomially joined the Board on 20 February 2023.
Belfast Charitable Society provides support to the Charity in the administration of its ongoing grant awards and in
the development of the Charity's longer term strategic planning and thematic programmes.
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CHARTERED ACCOUNTAPITS
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The James Kane Foundation
IA Company Limited by Guarantee)
Trustees. Report {continued)
For the Year Ended 31 May 2023
Objectives and activities (continued)
c. Main activities undertaken to further the charity's purposes for the public benefit
The focus of the Charity's activities in the period has been to deliver on its objectives through a mixture of direct
funding to educational and other charitable bodies, and also through a series of collaborative programmes with,
and the provision of funding support to, other charities. educational, training and skills bodies.
The Charity has supported a range of projects including direct bursaries for those faced with financial barriers to
education and employment in both North Belfast and the Armagh, Banbridqe and Craigavon ('ABC') Council
area, significant investment in school food programmes and cost of living support for schools and families in
deprived areas across Northem Ireland. There v￿$ also investment in pilot projects supporting work placements,
coding initiatives for those not in sch¢x)l and leadership programmes for Year 13 girls. The ehArity financed
mentoring and apprenticeships within the engineering sector and committed to champion digital technology
across all subjects of the post-primary curriculum. At a strategic level it has supported research projects that
assess current delivery models within schools and viithin the wider workforce. The Charity continues to engage
with a range of stakeholders to enable Trustees to keep abreast of wider policy development, initiatives. trends,
and emerging needs that can help inform its ongoing and strategic decision making.
Strategic report
Achievements and perforniance
- Key financial perfomiance indicators
Following the sale of J.W Kane Precision Engineering on 28 February 2019 all remaining retentions have been
released.
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rHA ArrniiNT&•JT¢

The James Kane Foundation
(A Company Limited by Guarantee)
Trustees. Report (continued)
For the Year Ended 31 May 2023
Strategic report (continued)
Achievements and perfonnance (continued)
b. Review of activities
The following achievements and performan￿ reflect the main expenditure in the year and mostly came in the
form of the provision of grants.
Workplus Ltd Shared Apprenticeship Agency Research (Year 2) - £4,350 of funding was approved to
support a consultation process with a variety of stakeholders, including the Department of Education, further
education colleges and univer8lties, training organisations and the Federation of Small Businesses, exploring the
viability of a Shared ApPrenti￿ShiP Agency.
Workplus Transverral Skills
£11,400 invested in a Pilot Programme delivered with Wallace High
School, Lisbum for 180 Year 12 pupils and supporting 30 employers to fulfil work placements.
SisterslN £17,880 provided to support the development costs of the 'out-of-the box, leadership
development programme toolkits for Year 13 gids,. provided to participating schools, so each have a consistent
approach to the delivery of the project, and costs are managed.
MEGA Apprenticeship Mentoring and Support Officer Role - £42,500 per annum for three years. The
Charty supported this project which seeks to encourage and retain engineering apprenticeships by providing
essential mentor support. 37 Industry Mentors supported, 25 MEGA Mentors have completed and qualified in
level 3 Mentorship in Leadership and Management in collaboration with South-west College. The aftercare
service provided by the MEGA mentor has resulted a 99 % retention rate.
EOTAS (Education otherwise than at schoolF Go Bezerk Coding Initiative - £6,330 for 120 young
people to receive a recognised Level 2 qualification including a coding aspect, providing resources (books and
apps) for the completion of the Go Berserk Stage One programme, 20 teachers in EOTAS centres trained in Go
Bezerk Programming (1 teacher from 20 centres) and resources for all 27 Go Bezerk centres.
The Charity has also worked wtth a number of other organisation's and approved support to"
ABC Area Post Primary Bursary Programme - £13,500 for a programme operating within the Armagh,
Banbridge and Craigavon Council area. which is intended to alleviate financial barriers for those wishing to move
to higher education and or employment from secondary schools.
Mary Ann Mccracken Bursary programmo (Year 2) - For a second year, the Mary Ann Mccracken
Charity and Belfast Charitable Society along with independent funder the Hunter Smyth Fund will support the
Mary Ann Mccracken bursary programme for hvelve post primary schools in North Belfast. Each school within
the North Belfast Area Learning Community received up to £2,000 to support pupils (16+ year-olds) who face
financial barriers which may prevent them from conknnuing to AS I A-Level. further or higher education,
employment or apprenticeship.
North Belfast Creative Digital Hub - £121.000 has been committed to a project, based in St Malachy's
College, Belfast, to develop and champion the use of digital technology in all subject areas of the post-primary
curriculum which includes the provision of a￿sS to four other North Belfast Post Primary schools.
Schools Cost of Living Grants - £135,785 was committed to fund several school food programmes, an
initiative originally launched by the Belfast Charitable Society. With additional funding from the Charity, a further
16 schools from some of the most deprived areas of Northem Ireland were provided with financial support to
help schools and families amid the cost-of-living crisis and enhance the educational experience of the children
with schools ranging from St Cecilia's College, Derry to Brownlow College, Craigavon. Since Belfast Charitable
Society started this initiative, other funders in addition to the Charity have also come on board to support schools
with food programmes. This includes Ulster Garden Villages and the ARN fund, amountinq to nearly £250,000 of
funding.
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CHARTERED ACCOUNTANTS
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The Jaffle5 Kane Foundatlon
(A Company Limited by Guarantee)
Trustees. Report (continued)
For the Year Ended 31 May 2023
Strategic report (continued)
Achievements and perforniance (continued)
During the period, the Charity has had ongoing engagement with several organisations in order to ascertain the
nature and extent of current challenges facing the education. training and employment sectors in Northern
Ireland, and the barriers facing young people moving belween these sectors This has included meetings with
EOTAS. Business Support within ABC Council. the NOW group Social Enterprise., MEGA. Harland and Wolff
and attendance the launch of Build a Plane at Balmoral show.
The Charily lias dlbv developed its online and social medla proflles an(1 in late 2021 it launched its new website,
Twitter and Linkedln accounts. This has allowed it to engage with a wider audience, and to better promote its
charitable activities with relevant audiences and stakeholders and is updated on a regular basis.
The availability of significant cash funds to the Charity has afforded the Trustees the opportunity to carefully and
strategically consider the charitable opportunits'es now open to it. and the manner in which it can make a
meaningful and substantial impact in the short and longer term.
c. InvestmÈnt policy and pèrformance
The Charity's funds are managed by Investec. wtth whom the Charity has agreed the terms of management of its
portfolio. These include a medium-term investment time horizon of 5 years, with a lowlmedium attitude to risk.
This is regularly reviewed with Investec to ensure that the needs of the Charity for income and capital investment
are adequately balanced. In common with many similar organisations, the performance of the Charity's
investments may be a¢Jversely affected by the UK and worldwide economic challenges, but the Trustees are
sats'sfied that the nature of the investrnents is prudent, and that the ongoing attitude to risk remains appropriate.
Financial review
. Going concern
After making appropriate enquiries. the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existen￿ for the foreseeable future. For this reason, they continue to adopt
the going concem basis in preparing the financial statements. Further details regarding the adoption of the going
con￿rn basis can be found in the accounting policies.
b. Material investments policy
The Trustees have developed an investment policy with Investec which is reviewed not less than annually. This
policy seeks to balance risk and return on investments for the optimal benefit of the Charity.
c. Principal risks and uncertainties
The challenges facing the UK and global economies have increased the risk of educational and employment
poverty- The Charity does not consider that this poses a material risk to its financial well-being.
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CHA￿[ERED ACCOIfrP4TANT

The James Kane Foundation
(A Company Limited by Guarantee)
Trustees, Report Icontinued
For the Year Ended 31 May 2023
d. Financial risk management objectives and policies
The Trustees have appointed Financial Investment Advisors to provide advice on the financial risk management
of its cash balances seeking to balan￿ risk with opts'mising the return for the Charity.
Structure, governance and management
a. Constitution
The Charity and thp. gmup is registered as 8 charitable cnmpany limitg.d by giJ2rantp.P. 2nd WAS sp.t ijp by a
Memorandum of Association.
The Charity and the group is constituted under a Memorandum of Association and is a registered charity,
number NIC105396.
b. Methods of appolntment or electlon of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Trust deed.
. Risk management
The Trustees have assessed the major risks to which the Charty is exposed, in particular those related to the
operations and finances of the Charity and are satisfied that systems and procedures are in place to mitigate
exposure to the major risks.
Members, liability
The Members of the Charity guarantee to contribute an amount not exceeding £1 to the assets of the
Charity in the event of winding up.
Statement of Trustees. responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for
preparing the Trustees. Report including the Strategic Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practiee).
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CHNATEftED ACCOUNTANTS
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The James Kane Foundation
(A Company Limited by Guarantee)
Trustees, Report (continued)
For the Year Ended 31 May 2023
Statement of Trustees. responsibilities (continued)
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of
the state of affairs of the Company and of its incoming resources and application of resour￿$, including its
income and expenditure, for that period. In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently-
observe the methods and principles of the Charities SORP (FRS 102)"
make judgments and accounting estimates that are reasonable and prudent,.
state whether applicable UK Affjounting Standaids (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Company's transactions and disclose with reasonable accuracy at any time the financial position of the
Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps foi" Ilie
prevention and detection of fraud and other irregularities.
Disclosure of information to auditors
Each of the persons who are Trustees at the time when this Tnjqtees, Report is approved has confirmed that..
so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are
unaware, and
that Trustee has tsken all the steps that ought to have been taken as a Trustee in order to be aware of
any relevant audit information and to establish that the charity's auditors are aware of that information.
Auditors
The auditors, ASM (B) Limited, have indicated their wllingness to continue in office. The designated Trustees will
propose a motion reappointing the auditors at a meeting of thp TriJEtp.ps
Approved by order of the members of the board of Trustees and signed on their behalf by..
MW Wilson
Date.. 28 November 2023
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CHARTERED ACCOUNTANT5
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