Lloyds Bank Foundation for the Channel Islands is pleased to announce the appointment of John Boothman as Chairman to succeed Guernsey Jurat Stephen Jones, who has retired from the board of trustees.
Guernsey Jurat Dr John Ferguson, a retired hospital consultant, has been appointed deputy chairman.
John Boothman spent much of his career as a banker but more recently has served as chairman of JT Group and Aztec Group. He has held a number of appointments in the private, public and voluntary sectors, including the Jersey Employment Trust and The Stroke Association, and has been on the board of the Foundation since 2010.
Paul Turner, Head of Responsible Business Strategy and Governance for Lloyds Banking Group, said: ‘John Boothman brings with him a clear understanding of the charitable sector in the Channel Islands, together with passion and, as importantly, compassion. These attributes will be invaluable in helping drive the Foundation forward, particularly at this exciting point in its history; securing the new covenant.’
Speaking about his new role, John Boothman said: ‘The Foundation receives funding applications from across the spectrum of charities in the islands and uses its resources to help them to support the diverse needs of local communities, and especially those working for the benefit of the disadvantaged and those with disabilities.
‘We are very conscious of the increasing demands faced by many local charities at a time when financial pressures are adding to the challenges they face. We are determined to play our part in making a positive difference to those in greatest need, and I am honoured to have been tasked with chairing the board during the next phase of its work.’
The Foundation is one of the largest sources of charitable funding in the Channel Islands, dispensing almost £1 million a year in the Bailiwicks of Guernsey and Jersey. It derives its funding entirely from Lloyds Banking Group, and recently entered into a new covenant to provide long-term continuity of financial support.
Mr Turner said: “Lloyds Banking Group is incredibly proud of the work all of the Foundations undertake and, as part of its Helping Britain Prosper Plan, has recently committed to donate over £100 million by 2020 across the Lloyds Bank and Bank of Scotland Foundations.”