JACOBS FUTURA FOUNDATION
Registered charity 1208303 · accounts filings on the Charity Commission register
Causes: General Charitable Purposes · Education/training · Disability · The Prevention Or Relief Of Poverty · Amateur Sport · Environment/conservation/heritage · Grant history (this charity is a funder) · Get email alerts
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of £10.6m for its first period of activity, resulting in unrestricted reserves of £10.6m. Per the trustees' report, these reserves are considered sufficient to meet current and forecasted risks and are held in line with a policy targeting six to nine months of operating expenditure.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Largest income source: Jacobs Futura Fund (98% of income)
“Income for the year was £16m. £15.7m was received as unrestricted charitable donations from Jacobs Futura Fund, a charitable trust located in Jersey. Jacobs Futura Fund is the sole funder of the Jacobs Futura Foundation.” — page 9
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: six to nine months’ operating expenditure (held: £10.6m)
“The reserves policy aims to maintain free reserves equivalent to six to nine months’ operating expenditure of the Foundation.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Note 17
“During the current period, a further EUR 9,500,000 (£8,001,347) was donated from Ocorian Trustees (Jersey) Limited directly to the Foundation, in its capacity as professional trustee to and on behalf of Jacobs Futura Fund. Philippe Jacobs is the economic settlor of Jacobs Futura Fund but he has no decision-making powers in respect of the allocation of funds from that trust. There are no conditions attached to this funding.” — page 28
Per its FY2024 accounts as filed with the Charity Commission.
Accounts audited by Crowe U.K. LLP. Discloses 3 of 6 completeness components.
Structured financials (annual return, FY ending 31/12/2024)
Reserves (reported)
£10.6m
Reported reserves equal ~23.2 months of spending — in the top quarter for charities its size (median 4.6 months; benchmarks).
Per its annual return, largest income source: Donations and legacies (98% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (3.8%) (benchmarks).
- JACOBS FUTURA TRUSTEE LIMITED
Trustee list from the Charity Commission register (current, not historical).
Operates in: Bolivia · Brazil · Cameroon · Colombia · Congo (Democratic Republic) · Ecuador · Gabon · Ghana · Indonesia · Ivory Coast · Liberia · Malaysia
Income and spending
Common questions
Is JACOBS FUTURA FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net surplus of £10.6m for its first period of activity, resulting in unrestricted reserves of £10.6m. Per the trustees' report, these reserves are considered sufficient to meet current and forecasted risks and are held in line with a policy targeting six to nine months of operating expenditure. Its FY2024 accounts were audited by Crowe U.K. LLP.
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