Home About Us Our Funding How To Apply Donations Case Studies Search You are here: About us > Chairman's Statement 2013 Chairman's Statement 2013 Trustees Other Lloyds Bank Foundations Grand Vaux Youth Club Jersey Read case study Chairman's Statement 2013 REVIEW OF THE YEAR (Annual Reports and Accounts are available from the Executive Director on request) CHAIRMAN’S REVIEW OF THE YEAR This is my third report as Chairman of the Foundation and will be my last as I retire as a Trustee at the next Annual General Meeting. 2013 was an important year for all the Lloyds Banking Group Foundations with our financial future being secured as explained below. I am grateful to all those representatives of the Bank who have worked with us on agreeing terms which ensure we can continue to be a leading funder of suitable charities in the Channel Islands. During the year we have been able to award grants and support staff matched giving amounting to over £900,000, in line with recent years, and we are well aware how important this is to the third sector locally. The results for the year are shown in the financial statements on pages 17 to 30. The covenanted income for the Foundation was £1,074,500, which is in accordance with the agreement entered into with Lloyds Banking Group dated February 2010. This agreement came to an end on 31 December 2013 and under the new agreement our level of income from Lloyds Banking Group will reduce in 2014. We do, however, have substantial reserves and our level of grant making for 2014 should remain at a level not dissimilar to 2013. We have actively negotiated with the Group to ensure that from 2014 onwards there is a satisfactory on-going funding arrangement although it is likely that we will have to draw down reserves for the next few years to maintain grants at an appropriate level. You will see in the Trustees’ report that there is further information concerning the level of our future funding from 2014 onwards. Below is a summary of the principal 2013 grant recipients by sector. ISSUE No of Grants Grant £ Advice & Advocacy 2 24,020 Children & Young People 10 236,930 Community Support 7 130,189 Health including Mental Health 5 226,670 Homelessness 1 75,000 Offenders/Ex-offenders 1 25,000 Support for People with Disabilities 3 90,257 Victim Support 1 73,230 Total Grants 30 881,296 Further details of the amounts granted throughout the Bailiwicks of Jersey and Guernsey and the charities benefitting from those grants can be found on pages 29 and 30 of the accounts. The number of successful grant applications totalled 30. Once again it was pleasing that, due to the efforts of Channel Islands staff from within the Lloyds Banking Group, £36,824 (2012: £40,416) was donated to their favoured charities through the Foundation’s Matched Giving scheme. We try to ensure public awareness of the work of the Foundation in the Bailiwicks by way of media releases and radio interviews. The Trustees are always grateful for the publicity given to the work of the Foundation and I would like to express my gratitude to the local media for their support and interest during the year. We ran seminars in Jersey and Guernsey again in 2013, where the theme was “How Philanthropy and Government can effectively work in partnership.” The seminars were well received in both Islands with over 100 attendees at each event. These two seminars were particularly thought-provoking. It is also a very useful opportunity for representatives of charities to gather together and network amongst themselves and we anticipate that during 2014 we will run similar seminars. We continue to be able to respond to requests from charities to fund operational costs as well as projects and it is our ability to provide three-year funding selectively that can help a charity to move forward. Our aim is to provide grants on the basis that any funding must really “make a difference” and we ensure this through a rigorous application and appraisal process with suitable follow-up once the grant has been made. Two Trustees, Pauline Torode and Martin Fricker, retired at the end of 2013 and we are very grateful to them for their valuable contribution to the work of the Board. They have been succeeded by two senior employees nominated by Lloyds Bank as part of the agreement entered into on 2 December 2013. Mike Starkey, Island Director for Guernsey and Tim Cooke, Chairman Lloyds Bank International, are both very experienced bankers but they are also involved with various different charities in the Islands and will bring experience to the Foundation independent of their role as employees of the Bank. The process of renegotiating our agreement with Lloyds Banking Group allowed us to consider in depth how we operate and in what areas. The Trustees attended an externally facilitated strategic planning session which has resulted in a new business plan for the Foundation. I am grateful to John Boothman, our Deputy Chairman, for the work he has done in this respect. I would like to thank all the Trustees who have served the Foundation while I have been Chairman. The enthusiasm and dedication to their work is exemplary and totally appropriate to the importance of the role of awarding such vital sums to the third sector in the Islands. I should also like to thank the Bank for its continuing and stalwart support without which our work would be impossible. Finally, but most importantly, my thanks go to our Executive Director John Hutchins who keeps us well informed about all the applications to us for funds and makes sure our administration and the monitoring of our grants is of a high standard. I will miss working with him and serving the Foundation in what has been a fascinating time as Chairman. Jurat Stephen Jones Chairman of Trustees Contact us Sitemap Useful links Print this page Add to Favorites Email this page Accessibility | Disclaimer | Website: Cloudless © 2008 Lloyds Bank Foundation for the Channel Islands. All rights reserved. Register Login