Our Mission & Goals
Caitlin’s Kickstart Award became a registered charity in April 2002 with the aim of providing financial assistance to Ludlow College graduates for the following year of studies in further or higher education. CKA is offered in all academic and vocational disciplines. The award is not available for a gap year.
Our young people face ever-increasing costs in continuing their formal education and training. The Founders and Trustees of this unique award are persuaded that education should be a fundamental right and are making every effort to build a permanent trust. Caitlin’s Kickstart Award is a modest but significant attempt to address this issue, and we know that this support makes a significant difference to the lives of our growing band of recipients.
Income and Expenditure
As of July 2014 we have raised just over £50,000 by way of donations and fund-raising events. Of this:
- The cost of organising the fund-raising events came to £7,000.
- We have given out over £30,000 in awards.
- We have retained reserves of about £15,000.
It is our goal to build up sufficient retained reserves so that, when invested, the income generated can be used to grant awards in perpetuity. To enable this to happen we have committed ourselves to pay out in each financial year no more than 50% of the amount raised in the prior financial year, with the remainder being invested. We have not always met this target but are inspired both to meet, and to exceed it as the charity ‘grows up’.