HANDSTAND – The Appeal for Marshall Janson, was launched on 05 March 2009.
Kathleen Janson, Douglas Janson, Sandra Harris, Samantha Harris, Stephanie Harris
No one on the Organising Committee is paid a salary and Bennett Jones & Co and Coodes Solicitors generously provide financial and legal advice, on a ‘pro bono’ basis.
Our fundraising target is £850,000-£950,000 in approximately 16 years. Much will depend on Marshall’s rate of growth and developing needs.
£50,000 was raised by the end of July 2009. We had hoped to reach £100,000 by Christmas 2009, but did in fact reach the astonishing amount of £135,000. This gave us hope that we might reach £150,000 by 05 March 2010 - the anniversary of the launch of the Appeal. In reality, we reached £158,886.18. By the end of 2011, less than three years after launch, the Appeal passed £300,000 which, again, exceeded our wildest expectations. We believe that this is remarkable - and says everything about the public response to Marshall's plight.
The rate at which funds have to be disbursed will, of course, be determined by Marshall’s rate of growth and developing needs. Given the current economic climate, and given how precious Marshall’s Fund is, we have chosen to adopt a position of ‘risk aversion’ with the investment of Marshall’s Fund.
So, in August 2009, £50,000 was transferred to a Post Office Fixed Rate Growth Bond. At a guaranteed interest rate of 3.85% this generated £1,950 of additional funds at the end of one year. In December 2009, a further £50,000 was transferred to another Post Office Fixed Rate Growth Bond. Subsequently, two Fixed Rate Growth Bonds of £50,000 were purchased from Santander and the Britannia Building Society. (£100,000 being the maximum possible to have invested with the Post Office). Additional funds, as they are received, are being transferred to a higher interest earning account with Lloyds TSB.
Necessary operating expenses are kept to an absolute minimum and we are proud of the fact that, currently, these constitute less than 1% of money received against, as we understand it, the national average of 8% for charities.
Bennett Jones & Co, Chartered Accountants, conduct an independent examination of the Appeal records to verify them.