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WQ.339/2022
WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY DEPUTY L.J. FARNHAM OF ST. MARY, ST. OUEN AND ST. PETER QUESTION SUBMITTED ON MONDAY 12th DECEMBER 2022
ANSWER TO BE TABLED ON MONDAY 19th DECEMBER 2022
Question
“Given that the Jersey Community Foundation (J.C.F.) is mandated by the States of Jersey to distribute, upon application, charitable funds, will the Minister advise –
- how much money has so far been transferred from the Treasury to the J.C.F.;
- how many applications the J.C.F. has received and how many of these have been successful;
- the value of the funds the J.C.F. has so far distributed to charity; and
- the total annual running costs of the J.C.F.?”
Answer
The Jersey Community Foundation (“JCF”) distributes various monies on behalf of Government in relation to the Jersey Reclaim Fund, 50% of the profits from the Channel Islands Lottery and, on a pilot basis, for the Greville Bathe (“GB”) and Ann Alice Rayner (“AAR”) Funds. It is assumed that the term “charitable funds” relates to distributions from the GB and AAR Funds.
The JCF were appointed to pilot a trial process of advertising, assessing and making awards from the GB and AAR Funds on 13th December 2021 and 21st January 2022 respectively. Since those dates, the following transfers, applications and distributions have been made.
|
|
Greville Bathe |
Ann Alice Rayner |
|
a) Transferred from the Treasury to the JCF up to 14 December 2022¹ |
£666,000 |
£325,000 |
|
b) Applications received/successful |
129/98 |
39/30 |
|
c) Value of funds distributed to charities and individuals ² |
£321,000 |
£185,000 |
d) The most recent annual financial statements of the JCF (2021) confirms their total management and governance costs were £115,395. This figure relates to the period prior to the appointment of the JCF to manage the GB and AAR Funds. The financial statements are available here: 2021- Annual-Report-JCF.pdf (jerseycommunityfoundation.org)
¹ This figure includes £275,000 (GB) and £95,000 (AAR) transferred in advance of the Q4 awards meeting that is taking place imminently for which total applications and awards are yet to be confirmed but are anticipated to be similar to the amounts transferred.
² This figure reflects awards paid or due to be paid by the JCF up to the end of September 2022. It excludes prospective Q4 awards, transfers for which are included in the sum in ¹ above, and transitional awards at the start of the year that were settled directly to recipients by Treasury. Any funds transferred by the Treasury to the JCF for making award payments are held in segregated bank accounts in the Funds’ names and any uncommitted amounts are recallable on demand.