Charity registration number: 1170063
## Jacob Abraham Foundation
Annual Report and Financial Statements for the Year Ended 31 March 2023
HSJ Accountants Limited Severn House Hazell Drive Newport NP10 8FY
## **Jacob Abraham Foundation**
## **Contents**
|Trustees' Report|1 to 5|
|---|---|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Financial Statements|9 to 17|
## **Jacob Abraham Foundation**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2023.
## **Objectives and activities**
## _**Objects and aims**_
The objects are suicide intervention (1:1 counselling for vulnerable adults), suicide prevention (training and education) and postvention (bereavement support). This reporting year, the Jacob Abraham Foundation continued delivering on all three objects.
## _**Objectives, strategies and activities**_
JAF is fully aware of the Charity Commission’s guidelines on public benefit when we plan our activities every year. JAF produced these objectives to drive our activities:
-Suicide Brief Intervention Training (prevention). -Support families and friends bereaved through suicide (postvention).
-1:1 counselling for suiciding people (intervention).
During this reporting year, the JAF’s contribution to the reduction of suicides and general mental health education, was recognised through partnerships and collaborations with over 40 other organisations and government agencies. When the provider of suicide bereavement services in Gwent withdrew from the provision, the JAF successfully bid for the provision, building upon positive existing relationships with the local police and health trusts.
The JAF has contributed towards the Co-Alc Alliance that is a collaboration between charities and academics to better understand the relationship with cocaine, alcohol and suicide, to make more people aware of the risk of sudden death and suicide when cocaine and alcohol are metabolised in the liver.
In addition, during this period the JAF added Play Therapy for school children, recognising the pressures on children and providing them with coping strategies to last a lifetime.
All trustees are aware of the declaration and all meetings have the items above on the standing agenda as the main order of business.
All trustees are aware of the guidance issued by the commission on public benefit.
## _**Public benefit**_
The Jacob Abraham Foundation aims to help prevent suicide through direct intervention with vulnerable people, raise awareness on mental health/suicide issues, promote positive mental health and support people bereaved through suicide in Wales.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## _**Grant making policies**_
No grantmaking or investing was made by the charity. Volunteer contributions were growing again post-pandemic. In this period our main goals were: the recruitment of experienced counsellors, development of a safe working environment and establishing all services to fulfil the objectives in our bid to the National Lottery.
Page 1
## **Jacob Abraham Foundation**
## **Trustees' Report**
## **Achievements and performance**
The charity’s main achievements this year were to consolidate on the appointments made and drive a professional, life-saving service, that has grown steadily in reputation and has extended to cover all parts of south Wales.
Members of the Jacob Abraham Foundation advise the Welsh Government on suicide strategy and are involved in numerous local and national charities and bodies to advise on the provision of suicide services.
This has allowed the JAF to save the lives of dozens of individuals, to help 100s of people bereaving and vulnerable from suicide and to educate 1000s of people to better understand suicide and intervene where possible. In particular, the JAF has invested in specific education for the increased suicide risk following cocaine/alcohol, which will increase education. By adding Play Therapy to the list of services, the JAF are providing valuable coping mechanism for school children following a huge rise in demand for school children mental health services.
Once again, the Jacob Abaham Foundation can report on extremely positive feedback on all three services and that is down to the commitment and expertise of the employees, who make a positive difference to vulnerable people on a daily basis. Furthermore, regular feedback on the services demonstrates that the JAF are leading the way in delivering suicide training, intervention and bereavement support. The Suicide Brief Intervention Training is the JAF’s own bespoke model, based upon the JAF employee’s lived experiences and expertise, that has educated so many in the local community.
By reducing the suicide rate the JAF are saving the economy millions of pounds and preventing the needless suffering of 100s of people.
## **Financial review**
## _**Policy on reserves**_
The charity aimed to hold at least £15,000 in the bank. This figure would be increased as fund-raising activities were allowed to progress post-pandemic and secure funding from the National Lottery would be received quarterly from 2021 to 2023. Trustees would monitor the accounts to potentially raise the reserve in mid-2023.
## **Reference and Administrative Details**
Charity Registration Number: 1170063 Principal Office: First Floor, Unit 1 Regents Court Nettlefold Road Cardiff CF24 5JQ Independent Examiner: HSJ Accountants Limited Severn House Hazell Drive Newport NP10 8FY
Page 2
## **Jacob Abraham Foundation**
## **Trustees' Report**
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Mrs Olivia Gaskell Mrs Rebecca Smart Mr Martin Hole Mr David Abraham Mr Ieaun Gardiner
Senior Management / Leadership Mrs Nicola Abraham Team:
## **Structure, governance and management**
## _**Nature of governing document**_
Jacob Abraham Foundation is an Charitable Incorporated Organisation (CIO) governed by its' constitution adopted on the 7th November 2016.
## _**Recruitment and appointment of trustees**_
Trustees' are identified and elected by the existing Board in accordance with the charity's constitution.
## _**Organisational structure**_
The Jacob Abraham Foundation (JAF) is a member of the National Suicide Prevention Alliance, UK.
JAF has numerous safeguarding policies which include a child safeguarding statement, a charity safeguarding policy, health and safety, data protection, equal opportunities, lone working and a volunteers’ policy.
JAF has become members of Suicide, Self Harm Steering Group (Public Health Wales). Welsh Government Cross Party Group and Welsh National Advisory Group.
## _**Major risks and management of those risks**_
## _Safeguarding_
Risks to employees and vulnerable persons
All major risks are discussed and addressed in regular trustee meetings. Risks to employees and vulnerable persons are dealt with through monthly clinical supervision and safeguarding policies. The induction and training of new trustees will be dealt with in accordance with the Charity Commission, ‘Get to know your charity’ pack.
## **Financial instruments**
## _**Objectives and policies**_
The charity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
Page 3
## **Jacob Abraham Foundation**
## **Trustees' Report**
## _**Cash flow risk**_
The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
## _**Credit risk**_
The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
## _**Liquidity risk**_
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance.
Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
Page 4
## **Jacob Abraham Foundation**
## **Trustees' Report**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report was approved by the trustees of the charity on 15 March 2024 and signed on its behalf by:
Mr Martin Hole Trustee
Page 5
## **Jacob Abraham Foundation**
## **Independent Examiner's Report to the trustees of Jacob Abraham Foundation**
I report to the trustees on my examination of the accounts of Jacob Abraham Foundation for the year ended 31 March 2023.
## **Responsibilities and basis of report**
As the charity trustees of Jacob Abraham Foundation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Jacob Abraham Foundation's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of Jacob Abraham Foundation as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr Andrew Hill FCCA ACA DChA BFP ACCA
Severn House Hazell Drive Newport NP10 8FY
18 March 2024
Page 6
## **Jacob Abraham Foundation**
## **Statement of Financial Activities for the Year Ended 31 March 2023**
|**Note**
**Income and Endowments from:**
Donations and legacies
Charitable activities
Total income
**Expenditure on:**
Charitable activities
Total expenditure
Net income/(expenditure)
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
15
**Note**
**Income and Endowments from:**
Donations and legacies
Charitable activities
Investment income
4
Total income
**Expenditure on:**
Charitable activities
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
15|**Unrestricted**
**funds**
**£**
34,285
8,288
42,573
(480)
(480)
42,093
42,093
88,806
130,899
**Unrestricted**
**funds**
**£**
27,914
-
837
28,751
(440)
(440)
28,311
28,311
60,495
88,806|**Restricted**
**funds**
**£**
-
165,126
165,126
(169,916)
(169,916)
(4,790)
(4,790)
32,759
27,969
**Restricted**
**funds**
**£**
-
193,205
-
193,205
(160,446)
(160,446)
32,759
32,759
-
32,759|**Total**
**2023**
**£**
34,285
173,414|
|---|---|---|---|
||||207,699|
||||(170,396)|
||||(170,396)|
||||37,303|
||||37,303
121,565|
||||158,868|
||||**Total**
**2022**
**£**
27,914
193,205
837|
||||221,956|
||||(160,886)|
||||(160,886)|
||||61,070|
||||61,070
60,495|
||||121,565|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 15.
The notes on pages 9 to 17 form an integral part of these financial statements. Page 7
## **Jacob Abraham Foundation**
## **(Registration number: 1170063) Balance Sheet as at 31 March 2023**
|**Note**
**Fixed assets**
Tangible assets
12
**Current assets**
Cash at bank and in hand
13
**Creditors: Amounts falling due within one year**
14
**Net current assets**
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
15|**2023**
**£**
900
159,794
(1,826)
157,968
158,868
27,969
130,899
158,868|**2022**
**£**
1,560
120,989
(984)|
|---|---|---|
|||120,005|
|||121,565|
|||32,759
88,806|
|||121,565|
The financial statements on pages 7 to 17 were approved by the trustees, and authorised for issue on 15 March 2024 and signed on their behalf by:
Mr Martin Hole Trustee
The notes on pages 9 to 17 form an integral part of these financial statements. Page 8
## **Jacob Abraham Foundation**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Jacob Abraham Foundation meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Investment income**_
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Page 9
## **Jacob Abraham Foundation**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £1,000.00 or more are initially recorded at cost.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
**Asset class Depreciation method and rate** Office equipment 33% straight line
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **Pensions and other post retirement obligations**
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Page 10
## **Jacob Abraham Foundation**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **2 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
**3**
**Income from charitable activities**
**Unrestricted**
**funds**
**General**
**£**
Suicide Prevention &
Intervention
8,288
**4**
**Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits
**5**
**Expenditure on charitable activities**
**Unrestricted**
**funds**
**Note**
**General**
**£**
Suicide Prevention &
Intervention
480
Staff costs
-
Allocated support
costs
-
Governance costs
-
480|**Unrestricted**
**funds**
**General**
**£**
34,285
34,285
**Restricted**
**funds**
**£**
165,126
**Restricted**
**funds**
**£**
18,264
132,820
17,322
1,510
169,916|**Total**
**2023**
**£**
34,285
34,285
**Total**
**2023**
**£**
173,414
**Total**
**2023**
**£**
-
**Total**
**2023**
**£**
18,744
132,820
17,322
1,510
170,396|**Total**
**2022**
**£**
27,914|
|---|---|---|---|
||||27,914|
||||**Total**
**2022**
**£**
193,205|
||||**Total**
**2022**
**£**
837|
||||**Total**
**2022**
**£**
26,190
108,940
21,237
4,519|
||||160,886|
Page 11
## **Jacob Abraham Foundation**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **6 Analysis of governance and support costs**
## **Support costs allocated to charitable activities**
Suicide Prevention & Intervention
|**Basis of allocation**
A|**Governance**
**costs**
**£**
1,511|**Information**
**technology**
**£**
**Administration**
**costs**
**£**
1,021
667|**Premises**
**costs**
**including**
**depreciation**
**£**
13,072|**Other**
**support**
**costs**
**£**
2,562|**Total**
**2023**
**£**
18,833|**Total**
**2022**
**£**
25,756|
|---|---|---|---|---|---|---|
## **Basis of allocation**
**Reference Method of allocation** A 100% of associated support costs
Page 12
## **Jacob Abraham Foundation**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **Governance costs**
|**Governance costs**||||
|---|---|---|---|
|Independent examiner fees
Examination of the financial statements
Legal fees
Other governance costs|**Restricted**
**funds**
**£**
1,068
-
442
1,510|**Total**
**2023**
**£**
1,068
-
442
1,510|**Total**
**2022**
**£**
984
2,416
1,119|
||||4,519|
## **7 Net incoming/outgoing resources**
Net incoming resources for the year include:
|Depreciation of fixed assets|**2023**
**£**
660|**2022**
**£**
440|
|---|---|---|
## **8 Trustees remuneration and expenses**
During the year the charity made the following transactions with trustees:
## **Mr David Abraham**
During the year the charity made salary payments totalling £21,480 to Mrs N Abraham, the wife of Mr David Abraham.
This remuneration was paid to Mrs N Abraham having sought authority to do so from the Charity Commission.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 13
## **Jacob Abraham Foundation**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **9 Staff costs**
The aggregate payroll costs were as follows:
|The aggregate payroll costs were as follows:|||
|---|---|---|
|**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs|**2023**
**£**
119,558
9,356
3,906
132,820|**2022**
**£**
98,839
7,310
2,791|
|||108,940|
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
||**2023**||**2022**||
|---|---|---|---|---|
||**No**||**No**||
|Suicide Prevention & Intervention||5||3|
No employee received emoluments of more than £60,000 during the year
## **10 Independent examiner's remuneration**
|Examination of the financial statements|**2023**
**£**
1,068|**2022**
**£**
984|
|---|---|---|
Page 14
## **Jacob Abraham Foundation**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **11 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **12 Tangible fixed assets**
|**12 Tangible fixed assets**|||||
|---|---|---|---|---|
|**Cost**
At 1 April 2022
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net book value**
At 31 March 2023
At 31 March 2022
**13 Cash and cash equivalents**
Cash at bank
**14 Creditors: amounts falling due within one year**
Pension scheme creditor
Accruals||**Computer**
**equipment**
**£**
2,000||**Total**
**£**
2,000
2,000
440
660
1,100
900
1,560
**2022**
**£**
120,989|
|||2,000|||
|||440
660|||
|||1,100|||
|||900|||
|||1,560|||
|||**2023**
**£**
159,794
**2023**
**£**
770
1,056
1,826|||
|||||**2022**
**£**
-
984|
|||||984|
Page 15
## **Jacob Abraham Foundation**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
|**15 Funds**
**Unrestricted funds**
**_General_**
General Unrestricted Funds
**Restricted funds**
Big Lottery Fund
Zurich Community Fund
**Total funds**
**Unrestricted funds**
**_General_**
General Unrestricted Funds
**Restricted funds**
Big Lottery Fund
Zurich Community Fund
**Total funds**|**Balance at 1**
**April 2022**
**£**
88,806
32,759
-
32,759
121,565
**Balance at 1**
**April 2021**
**£**
60,495
-
-
-
60,495|**Incoming**
**resources**
**£**
42,573
160,126
5,000
165,126
207,699
**Incoming**
**resources**
**£**
28,751
163,205
30,000
193,205
221,956|**Resources**
**expended**
**£**
(480)
(164,916)
(5,000)
(169,916)
(170,396)
**Resources**
**expended**
**£**
(440)
(130,446)
(30,000)
(160,446)
(160,886)|**Balance at 31**
**March 2023**
**£**
130,899
27,969
-|
|---|---|---|---|---|
|||||27,969|
|||||158,868|
|||||**Balance at 31**
**March 2022**
**£**
88,806
32,759
-|
|||||32,759|
|||||121,565|
The specific purposes for which the funds are to be applied are as follows:
The National Lottery and Zurich gives grants to organisations in the UK to help improve their communities, with money going to community groups, health, education and environment projects.
## **16 Analysis of net assets between funds**
|**16 Analysis of net assets between funds**||||
|---|---|---|---|
|Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
900
131,055
(1,056)
130,899|**Restricted**
**funds**
**£**
-
28,739
(770)
27,969|**Total funds at**
**31 March**
**2023**
**£**
900
159,794
(1,826)|
||||158,868|
Page 16
## **Jacob Abraham Foundation**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
|Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
1,560
88,230
(984)
88,806|**Restricted**
**funds**
**£**
-
32,759
-
32,759|**Total funds at**
**31 March**
**2022**
**£**
1,560
120,989
(984)|
|---|---|---|---|
||||121,565|
Page 17