Trustees' Annual Report for the period
Period start date Period end date Day Month Year Day Month Year From 1 Apr 2023 To 31 March 2024
Section A Reference and administration details
Charity name
Jacob Abraham Foundation
Other names charity is known by JAF
1170063 Charity's principal address Unit 1, Block A, Regents Court, Nettleford Rd, Ocean Park, Cardiff Postcode CF24 5JQ ~~—~~
Registered charity number (if any) 1170063
| Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|
| MARTIN HOLE | CHAIR | Trustees collectively as per constitution |
|
| DAVID ABRAHAM | |||
| OLIVIA GASKELL | |||
| REBECCA SMART | |||
| IEAUN GARDINER | |||
| ARAN COOK | |||
| ~~ae~~ | ~~ae~~ | ~~ae~~ | ~~ae~~ |
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
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Names and addresses of advisers (Optional information)
Type of adviser Name Address
Name of chief executive or names of senior staff members (Optional information)
Section B Structure, governance and management
Description of the charity’s trusts
Type of governing document
Constitution adopted 7 Nov 2016.
- (eg. trust deed, constitution)
How the charity is constituted
Charitable Incorporated Organisation.
- (eg. trust, association, company)
Trustee selection methods
Elected by other trustees, as per constitution.
(eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
-
policies and procedures adopted for the induction and training of trustees;
-
the charity’s organisational structure and any wider network with which the charity works;
-
relationship with any related parties;
-
trustees’ consideration of major risks and the system and procedures to manage them.
The Jacob Abraham Foundation (JAF) is a member of the National Suicide Prevention Alliance, UK. JAF has become members of Suicide, Self-Harm Steering Group (Public Health Wales) and the Welsh Government Cross Party Group and Welsh National Advisory Group.
JAF is organised through a management group of senior employees who meet monthly. Trustees are invited to attend the regular management meetings. Trustees meet at least 5 times per annum and will meet on an ad hoc basis to discuss strategic, financial or employee issues.
JAF has numerous safeguarding policies which include a child safeguarding statement, a charity safeguarding policy, health and safety, data protection, equal opportunities, lone working, volunteers’ policy, complaints procedure and confirmation of liability insurance.
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.
The JAF has recruited another trustee in Aran Cook, who brings a lot of passion, encouragement and energy to the team.
Section C Objectives and activities
The objects are suicide intervention (1:1 counselling for vulnerable Summary of the objects of the adults), suicide prevention (training and education) and postvention charity set out in its (bereavement support). This reporting year, the Jacob Abraham governing document Foundation continued delivering on all three objects.
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JAF is fully aware of the Charity Commission’s guidelines on public benefit when we planned our activities every year. JAF took the summary of the object and produced these objectives to drive us: -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 Summary of the main government agencies. When the provider of suicide bereavement activities undertaken for the services in Gwent withdrew from the provision, the JAF successfully bid public benefit in relation to for the provision, building upon existing relationships with the local police these objects (include within and health trusts. this section the statutory declaration that trustees have The JAF has contributed towards the Co-Alc Alliance that is a had regard to the guidance collaboration between charities and academics at The University of South issued by the Charity Wales, to better understand the relationship with cocaine, alcohol and Commission on public suicide, to make more people aware of the risk of sudden death and benefit) suicide when cocaine and alcohol are metabolised in the liver. In addition, during this period the JAF further developed Play Therapy for children bereaved through suicide, recognising the pressures on children and providing them with coping strategies to last a life-time. 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.
Additional details of objectives and activities (Optional information)
You may choose to include further statements, where relevant, about:
-
policy on grantmaking;
-
policy programme related investment;
-
contribution made by volunteers.
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Section D Achievements and performance
The charity’s main achievements this year was to secure a further funding Summary of the main cycle for three years from the National Lottery. This allowed the JAF to achievements of the charity continue to build on the success of previous years to fulfil the charity during the year objectives and help vulnerable people. 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. The JAF’s reputation continues to grow, especially with services to local health trusts and the Gwent Police. Staffing the charity with professional and dedicated employees 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 consumption, which will increase education with affected groups. JAF have undertaken different approaches to prevention by providing community events addressing certain contributing, gambling, menopause, relationship breakdown. By adding Play Therapy to the list of services, the JAF are providing valuable coping mechanism for children bereaved through a suicide. The JAF gets feedback from all its services, as it is so critical to get the services right. For the reporting period, the feedback has been overwhelmingly positive and a real indication that the charity is doing the right things. 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.
Section E Financial review
The charity aimed to hold at least £50,000 in reserves to cover salary Brief statement of the commitments. charity’s policy on reserves Details of any funds materially Not applicable. in deficit
Further financial review details (Optional information)
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You may choose to include additional information, where relevant about:
-
the charity’s principal sources of funds (including any fundraising);
-
how expenditure has supported the key objectives of the charity;
-
investment policy and objectives including any ethical investment policy adopted.
The National Lottery, People and Places funding, has provided the muchneeded funding and stability for the charity to provide all three services from 2024 until the end of 2026. Securing the funding for a further 3 years was critical for the charity and will provide the funding to provide services and look for more sustainable funding going forward.
The Jacob Abraham Foundation’s ongoing award of the Gwent Project has provided further dedicated funding to allow the charity to deliver valuable services in Gwent and demonstrate the ability to be a partner to local government services.
The JAF’s expenditure is overwhelmingly on staff salaries and office rental costs. The office provides a place of work, an area for training and a safe place for 1:1 services. The salary expenditure is crucial for the staff to provide the key objectives and will always be the main source of expenditure.
The funds are held in the charity bank account. Trustees have no plans to invest the funds but are looking at better charity savings rates.
JAF organised and ad hoc fundraising has once again played a heartwarming part in funding the JAF. The public support and constant stream of activities shows how much support the local community has for the JAF.
Section F Other optional information
The Jacob Abraham Foundation is always at capacity. This once again demonstrates that the demand for suicide prevention services are huge. Small charities face constant struggles to maintain funding to provide life-saving services. The JAF is proud of its services in the reporting period, despite the toll it can take on employees. The daily work, the product of lived experiences, and ground breaking new training and research into the cocaine/alcohol/suicide relationship, shows what inspirational service the employees provide.
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Martin Hole Full name(s) Martin Hole Position (eg Secretary, Chair, Chair Trustee etc) Date 8 January 2025
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Charity registration number: 1170063
Jacob Abraham Foundation
Annual Report and Financial Statements for the Year Ended 31 March 2024
HSJ Accountants Limited Severn House Hazell Drive Newport NP10 8FY
Jacob Abraham Foundation
Contents
| Trustees' Report | 1 to 6 |
|---|---|
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 to 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11 to 19 |
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 2024.
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.
JAF is fully aware of the Charity Commission’s guidelines on public benefit when we planned our activities every year. JAF took the summary of the object and produced these objectives to drive us:
-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 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 at The University of South Wales, 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 further developed Play Therapy for children bereaved through suicide, recognising the pressures on children and providing them with coping strategies to last a life-time.
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.
Page 1
Jacob Abraham Foundation
Trustees' Report
Objectives, strategies and activities
The charity’s main achievements this year was to secure a further funding cycle for three years from the National Lottery. This allowed the JAF to continue to build on the success of previous years to fulfil the charity objectives and help vulnerable people.
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. The JAF’s reputation continues to grow, especially with services to local health trusts and the Gwent Police.
Staffing the charity with professional and dedicated employees 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 consumption, which will increase education with affected groups. JAF have undertaken different approaches to prevention by providing community events addressing certain contributing, gambling, menopause, relationship breakdown. By adding Play Therapy to the list of services, the JAF are providing valuable coping mechanism for children bereaved through a suicide.
The JAF gets feedback from all its services, as it is so critical to get the services right. For the reporting period, the feedback has been overwhelmingly positive and a real indication that the charity is doing the right things. 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.
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 2
Jacob Abraham Foundation
Trustees' Report
Financial review
The National Lottery, People and Places funding, has provided the much-needed funding and stability for the charity to provide all three services from 2024 until the end of 2026. Securing the funding for a further 3 years was critical for the charity and will provide the funding to provide services and look for more sustainable funding going forward.
The Jacob Abraham Foundation’s ongoing award of the Gwent Project has provided further dedicated funding to allow the charity to deliver valuable services in Gwent and demonstrate the ability to be a partner to local government services.
The JAF’s expenditure is overwhelmingly on staff salaries and office rental costs. The office provides a place of work, an area for training and a safe place for 1:1 services. The salary expenditure is crucial for the staff to provide the key objectives and will always be the main source of expenditure.
The funds are held in the charity bank account. Trustees have no plans to invest the funds but are looking at better charity savings rates.
JAF organised and ad hoc fundraising has once again played a heart-warming part in funding the JAF. The public support and constant stream of activities shows how much support the local community has for the JAF.
Policy on reserves
The charity aimed to hold at least £50,000 in reserves to cover salary commitments.
Plans for future periods
Aims and key objectives for future periods
The Jacob Abraham Foundation is always at capacity. This once again demonstrates that the demand for suicide prevention services are huge. Small charities face constant struggles to maintain funding to provide life-saving services. The JAF is proud of its services in the reporting period, despite the toll it can take on employees. The daily work, the product of lived experiences, and ground breaking new training and research into the cocaine/alcohol/suicide relationship, shows what inspirational service the employees provide.
Page 3
Jacob Abraham Foundation
Trustees' Report
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
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 Mr Aran Cook (appointed 1 February 2024)
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.
Page 4
Jacob Abraham Foundation
Trustees' Report
Induction and training of trustees
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.
The JAF has recruited another trustee in Aran Cook, who brings a lot of passion, encouragement and energy to the team.
Organisational structure
The Jacob Abraham Foundation (JAF) is a member of the National Suicide Prevention Alliance, UK. JAF has become members of Suicide, Self-Harm Steering Group (Public Health Wales) and the Welsh Government Cross Party Group and Welsh National Advisory Group.
JAF is organised through a management group of senior employees who meet monthly. Trustees are invited to attend the regular management meetings. Trustees meet at least 5 times per annum and will meet on an ad hoc basis to discuss strategic, financial or employee issues.
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.
Page 5
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 .................... and signed on its behalf by:
......................................... Mr Martin Hole Trustee
Page 6
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 2024.
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:
-
accounting records were not kept in respect of Jacob Abraham Foundation as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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
Date:.............................
Page 7
Jacob Abraham Foundation
Statement of Financial Activities for the Year Ended 31 March 2024
| Note Income and Endowments from: Donations and legacies Charitable activities Total income Expenditure on: Charitable activities Total expenditure Net income/(expenditure) Gross transfers between funds 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 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 |
Unrestricted funds £ 52,053 - 52,053 (732) (732) 51,321 5,159 56,480 130,899 187,379 Unrestricted funds £ 34,285 8,288 42,573 (480) (480) 42,093 42,093 88,806 130,899 |
Restricted funds £ - 178,975 178,975 (201,785) (201,785) (22,810) (5,159) (27,969) 27,969 - Restricted funds £ - 165,126 165,126 (169,916) (169,916) (4,790) (4,790) 32,759 27,969 |
Total 2024 £ 52,053 178,975 |
|---|---|---|---|
| 231,028 | |||
| (202,517) | |||
| (202,517) | |||
| 28,511 - |
|||
| 28,511 158,868 |
|||
| 187,379 | |||
| Total 2023 £ 34,285 173,414 |
|||
| 207,699 | |||
| (170,396) | |||
| (170,396) | |||
| 37,303 | |||
| 37,303 121,565 |
|||
| 158,868 |
All of the charity's activities derive from continuing operations during the above two periods.
The notes on pages 11 to 19 form an integral part of these financial statements. Page 8
Jacob Abraham Foundation
Statement of Financial Activities for the Year Ended 31 March 2024
The funds breakdown for 2023 is shown in note 15.
The notes on pages 11 to 19 form an integral part of these financial statements. Page 9
Jacob Abraham Foundation
(Registration number: 1170063) Balance Sheet as at 31 March 2024
| Note Fixed assets Tangible assets 11 Current assets Debtors 12 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 15 Unrestricted income funds Unrestricted funds Total funds 15 |
2024 £ 606 1,876 187,650 189,526 (2,753) 186,773 187,379 - 187,379 187,379 |
2023 £ 900 - 159,794 |
|---|---|---|
| 159,794 (1,826) |
||
| 157,968 | ||
| 158,868 | ||
| 27,969 130,899 |
||
| 158,868 |
The financial statements on pages 8 to 19 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Mr Martin Hole Trustee
The notes on pages 11 to 19 form an integral part of these financial statements. Page 10
Jacob Abraham Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
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.
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 11
Jacob Abraham Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
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
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
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.
Page 12
Jacob Abraham Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
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.
2 Income from donations and legacies
| Donations and legacies; Donations from individuals 3 Income from charitable activities Suicide Prevention & Intervention |
Unrestricted funds General £ 52,053 52,053 Restricted funds £ 178,975 |
Total 2024 £ 52,053 52,053 Total 2024 £ 178,975 |
Total 2023 £ 34,285 |
|---|---|---|---|
| 34,285 | |||
| Total 2023 £ 173,414 |
- 4 Expenditure on charitable activities
| Note Suicide Prevention & Intervention Staff costs Allocated support costs Governance costs |
Unrestricted funds General £ 732 - - - 732 |
Restricted funds £ 31,256 149,732 19,351 1,446 201,785 |
Total 2024 £ 31,988 149,732 19,351 1,446 202,517 |
Total 2023 £ 18,744 132,820 17,322 1,510 |
|---|---|---|---|---|
| 170,396 |
Page 13
Jacob Abraham Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
5 Analysis of governance and support costs
Support costs allocated to charitable activities
| Premises | ||||||||
|---|---|---|---|---|---|---|---|---|
| costs | Other | |||||||
| Governance | Information | Administration | including | support | Total | Total | ||
| costs | technology | costs | depreciation | costs | 2024 | 2023 | ||
| Basis of allocation | £ | £ | £ | £ | £ | £ | £ | |
| Suicide Prevention & | 100% of associated | |||||||
| Intervention | costs | 1,414 | 2,011 | 132 | 16,012 | 593 | 20,162 | 18,833 |
Page 14
Jacob Abraham Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
Governance costs
| Governance costs | |||
|---|---|---|---|
| Independent examiner fees Examination of the financial statements Other governance costs 6 Net incoming/outgoing resources Net incoming resources for the year include: Depreciation of fixed assets |
Restricted funds £ 1,056 390 1,446 |
Total 2024 £ 1,056 390 1,446 2024 £ 732 |
Total 2023 £ 1,068 442 |
| 1,510 | |||
| 2023 £ 660 |
7 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 £24,223 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 15
Jacob Abraham Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
8 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 |
2024 £ 134,374 11,486 3,872 149,732 |
2023 £ 119,558 9,356 3,906 |
| 132,820 |
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:
| 2024 | 2023 | |||
|---|---|---|---|---|
| No | No | |||
| Suicide Prevention & Intervention | 5 | 5 |
No employee received emoluments of more than £60,000 during the year
9 Independent examiner's remuneration
| Examination of the financial statements | 2024 £ 1,056 |
2023 £ 1,068 |
|---|---|---|
Page 16
Jacob Abraham Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
10 Taxation
The charity is a registered charity and is therefore exempt from taxation.
11 Tangible fixed assets
| Cost At 1 April 2023 Additions At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 12 Debtors Prepayments 13 Cash and cash equivalents Cash at bank 14 Creditors: amounts falling due within one year Pension scheme creditor Accruals |
Computer equipment £ 2,000 438 |
Total £ 2,000 438 2,438 1,100 732 1,832 606 900 2024 £ 1,876 |
||
|---|---|---|---|---|
| 2,438 | ||||
| 1,100 732 |
||||
| 1,832 | ||||
| 606 | ||||
| 900 | ||||
| 2024 £ 187,650 2024 £ 1,697 1,056 2,753 |
||||
| 2023 £ 159,794 |
||||
| 2023 £ 770 1,056 |
||||
| 1,826 |
Page 17
Jacob Abraham Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
15 Funds
| Unrestricted funds General Unrestricted Restricted funds Big Lottery Fund Total funds Unrestricted funds General Unrestricted Restricted Big Lottery Fund Zurich Community Fund Total restricted funds Total funds |
Balance at 1 April 2023 £ Incoming resources £ Resources expended £ Transfers £ Balance at 31 March 2024 £ 130,899 52,053 (732) 5,159 187,379 27,969 178,975 (201,785) (5,159) - 158,868 231,028 (202,517) - 187,379 Balance at 1 April 2022 £ Incoming resources £ Resources expended £ Balance at 31 March 2023 £ 88,806 42,573 (480) 130,899 32,759 160,126 (164,916) 27,969 - 5,000 (5,000) - 32,759 165,126 (169,916) 27,969 121,565 207,699 (170,396) 158,868 |
Balance at 1 April 2023 £ Incoming resources £ Resources expended £ Transfers £ Balance at 31 March 2024 £ 130,899 52,053 (732) 5,159 187,379 27,969 178,975 (201,785) (5,159) - 158,868 231,028 (202,517) - 187,379 Balance at 1 April 2022 £ Incoming resources £ Resources expended £ Balance at 31 March 2023 £ 88,806 42,573 (480) 130,899 32,759 160,126 (164,916) 27,969 - 5,000 (5,000) - 32,759 165,126 (169,916) 27,969 121,565 207,699 (170,396) 158,868 |
Balance at 31 March 2024 £ 187,379 - |
|---|---|---|---|
| 187,379 | |||
| 27,969 | |||
| 158,868 |
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.
Page 18
Jacob Abraham Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
16 Analysis of net assets between funds
| 16 Analysis of net assets between funds | |||
|---|---|---|---|
| Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 900 131,055 (1,056) 130,899 |
Unrestricted funds General £ 606 189,526 (2,753) 187,379 Restricted funds £ - 28,739 (770) 27,969 |
Total funds at 31 March 2024 £ 606 189,526 (2,753) |
| 187,379 | |||
| Total funds at 31 March 2023 £ 900 159,794 (1,826) |
|||
| 158,868 |
Page 19
Charity registration number: 1170063
Jacob Abraham Foundation
Annual Report and Financial Statements for the Year Ended 31 March 2024
HSJ Accountants Limited Severn House Hazell Drive Newport NP10 8FY
Jacob Abraham Foundation
Contents
| Trustees' Report | 1 to 6 |
|---|---|
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 to 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11 to 19 |
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 2024.
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.
JAF is fully aware of the Charity Commission’s guidelines on public benefit when we planned our activities every year. JAF took the summary of the object and produced these objectives to drive us:
-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 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 at The University of South Wales, 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 further developed Play Therapy for children bereaved through suicide, recognising the pressures on children and providing them with coping strategies to last a life-time.
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.
Page 1
Jacob Abraham Foundation
Trustees' Report
Objectives, strategies and activities
The charity’s main achievements this year was to secure a further funding cycle for three years from the National Lottery. This allowed the JAF to continue to build on the success of previous years to fulfil the charity objectives and help vulnerable people.
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. The JAF’s reputation continues to grow, especially with services to local health trusts and the Gwent Police.
Staffing the charity with professional and dedicated employees 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 consumption, which will increase education with affected groups. JAF have undertaken different approaches to prevention by providing community events addressing certain contributing, gambling, menopause, relationship breakdown. By adding Play Therapy to the list of services, the JAF are providing valuable coping mechanism for children bereaved through a suicide.
The JAF gets feedback from all its services, as it is so critical to get the services right. For the reporting period, the feedback has been overwhelmingly positive and a real indication that the charity is doing the right things. 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.
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 2
Jacob Abraham Foundation
Trustees' Report
Financial review
The National Lottery, People and Places funding, has provided the much-needed funding and stability for the charity to provide all three services from 2024 until the end of 2026. Securing the funding for a further 3 years was critical for the charity and will provide the funding to provide services and look for more sustainable funding going forward.
The Jacob Abraham Foundation’s ongoing award of the Gwent Project has provided further dedicated funding to allow the charity to deliver valuable services in Gwent and demonstrate the ability to be a partner to local government services.
The JAF’s expenditure is overwhelmingly on staff salaries and office rental costs. The office provides a place of work, an area for training and a safe place for 1:1 services. The salary expenditure is crucial for the staff to provide the key objectives and will always be the main source of expenditure.
The funds are held in the charity bank account. Trustees have no plans to invest the funds but are looking at better charity savings rates.
JAF organised and ad hoc fundraising has once again played a heart-warming part in funding the JAF. The public support and constant stream of activities shows how much support the local community has for the JAF.
Policy on reserves
The charity aimed to hold at least £50,000 in reserves to cover salary commitments.
Plans for future periods
Aims and key objectives for future periods
The Jacob Abraham Foundation is always at capacity. This once again demonstrates that the demand for suicide prevention services are huge. Small charities face constant struggles to maintain funding to provide life-saving services. The JAF is proud of its services in the reporting period, despite the toll it can take on employees. The daily work, the product of lived experiences, and ground breaking new training and research into the cocaine/alcohol/suicide relationship, shows what inspirational service the employees provide.
Page 3
Jacob Abraham Foundation
Trustees' Report
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
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 Mr Aran Cook (appointed 1 February 2024)
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.
Page 4
Jacob Abraham Foundation
Trustees' Report
Induction and training of trustees
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.
The JAF has recruited another trustee in Aran Cook, who brings a lot of passion, encouragement and energy to the team.
Organisational structure
The Jacob Abraham Foundation (JAF) is a member of the National Suicide Prevention Alliance, UK. JAF has become members of Suicide, Self-Harm Steering Group (Public Health Wales) and the Welsh Government Cross Party Group and Welsh National Advisory Group.
JAF is organised through a management group of senior employees who meet monthly. Trustees are invited to attend the regular management meetings. Trustees meet at least 5 times per annum and will meet on an ad hoc basis to discuss strategic, financial or employee issues.
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.
Page 5
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 .................... and signed on its behalf by:
......................................... Mr Martin Hole Trustee
Page 6
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 2024.
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:
-
accounting records were not kept in respect of Jacob Abraham Foundation as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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
Date:.............................
Page 7
Jacob Abraham Foundation
Statement of Financial Activities for the Year Ended 31 March 2024
| Note Income and Endowments from: Donations and legacies Charitable activities Total income Expenditure on: Charitable activities Total expenditure Net income/(expenditure) Gross transfers between funds 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 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 |
Unrestricted funds £ 52,053 - 52,053 (732) (732) 51,321 5,159 56,480 130,899 187,379 Unrestricted funds £ 34,285 8,288 42,573 (480) (480) 42,093 42,093 88,806 130,899 |
Restricted funds £ - 178,975 178,975 (201,785) (201,785) (22,810) (5,159) (27,969) 27,969 - Restricted funds £ - 165,126 165,126 (169,916) (169,916) (4,790) (4,790) 32,759 27,969 |
Total 2024 £ 52,053 178,975 |
|---|---|---|---|
| 231,028 | |||
| (202,517) | |||
| (202,517) | |||
| 28,511 - |
|||
| 28,511 158,868 |
|||
| 187,379 | |||
| Total 2023 £ 34,285 173,414 |
|||
| 207,699 | |||
| (170,396) | |||
| (170,396) | |||
| 37,303 | |||
| 37,303 121,565 |
|||
| 158,868 |
All of the charity's activities derive from continuing operations during the above two periods.
The notes on pages 11 to 19 form an integral part of these financial statements. Page 8
Jacob Abraham Foundation
Statement of Financial Activities for the Year Ended 31 March 2024
The funds breakdown for 2023 is shown in note 15.
The notes on pages 11 to 19 form an integral part of these financial statements. Page 9
Jacob Abraham Foundation
(Registration number: 1170063) Balance Sheet as at 31 March 2024
| Note Fixed assets Tangible assets 11 Current assets Debtors 12 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 15 Unrestricted income funds Unrestricted funds Total funds 15 |
2024 £ 606 1,876 187,650 189,526 (2,753) 186,773 187,379 - 187,379 187,379 |
2023 £ 900 - 159,794 |
|---|---|---|
| 159,794 (1,826) |
||
| 157,968 | ||
| 158,868 | ||
| 27,969 130,899 |
||
| 158,868 |
The financial statements on pages 8 to 19 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Mr Martin Hole Trustee
The notes on pages 11 to 19 form an integral part of these financial statements. Page 10
Jacob Abraham Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
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.
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 11
Jacob Abraham Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
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
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
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.
Page 12
Jacob Abraham Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
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.
2 Income from donations and legacies
| Donations and legacies; Donations from individuals 3 Income from charitable activities Suicide Prevention & Intervention |
Unrestricted funds General £ 52,053 52,053 Restricted funds £ 178,975 |
Total 2024 £ 52,053 52,053 Total 2024 £ 178,975 |
Total 2023 £ 34,285 |
|---|---|---|---|
| 34,285 | |||
| Total 2023 £ 173,414 |
- 4 Expenditure on charitable activities
| Note Suicide Prevention & Intervention Staff costs Allocated support costs Governance costs |
Unrestricted funds General £ 732 - - - 732 |
Restricted funds £ 31,256 149,732 19,351 1,446 201,785 |
Total 2024 £ 31,988 149,732 19,351 1,446 202,517 |
Total 2023 £ 18,744 132,820 17,322 1,510 |
|---|---|---|---|---|
| 170,396 |
Page 13
Jacob Abraham Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
5 Analysis of governance and support costs
Support costs allocated to charitable activities
| Premises | ||||||||
|---|---|---|---|---|---|---|---|---|
| costs | Other | |||||||
| Governance | Information | Administration | including | support | Total | Total | ||
| costs | technology | costs | depreciation | costs | 2024 | 2023 | ||
| Basis of allocation | £ | £ | £ | £ | £ | £ | £ | |
| Suicide Prevention & | 100% of associated | |||||||
| Intervention | costs | 1,414 | 2,011 | 132 | 16,012 | 593 | 20,162 | 18,833 |
Page 14
Jacob Abraham Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
Governance costs
| Governance costs | |||
|---|---|---|---|
| Independent examiner fees Examination of the financial statements Other governance costs 6 Net incoming/outgoing resources Net incoming resources for the year include: Depreciation of fixed assets |
Restricted funds £ 1,056 390 1,446 |
Total 2024 £ 1,056 390 1,446 2024 £ 732 |
Total 2023 £ 1,068 442 |
| 1,510 | |||
| 2023 £ 660 |
7 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 £24,223 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 15
Jacob Abraham Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
8 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 |
2024 £ 134,374 11,486 3,872 149,732 |
2023 £ 119,558 9,356 3,906 |
| 132,820 |
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:
| 2024 | 2023 | |||
|---|---|---|---|---|
| No | No | |||
| Suicide Prevention & Intervention | 5 | 5 |
No employee received emoluments of more than £60,000 during the year
9 Independent examiner's remuneration
| Examination of the financial statements | 2024 £ 1,056 |
2023 £ 1,068 |
|---|---|---|
Page 16
Jacob Abraham Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
10 Taxation
The charity is a registered charity and is therefore exempt from taxation.
11 Tangible fixed assets
| Cost At 1 April 2023 Additions At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 12 Debtors Prepayments 13 Cash and cash equivalents Cash at bank 14 Creditors: amounts falling due within one year Pension scheme creditor Accruals |
Computer equipment £ 2,000 438 |
Total £ 2,000 438 2,438 1,100 732 1,832 606 900 2024 £ 1,876 |
||
|---|---|---|---|---|
| 2,438 | ||||
| 1,100 732 |
||||
| 1,832 | ||||
| 606 | ||||
| 900 | ||||
| 2024 £ 187,650 2024 £ 1,697 1,056 2,753 |
||||
| 2023 £ 159,794 |
||||
| 2023 £ 770 1,056 |
||||
| 1,826 |
Page 17
Jacob Abraham Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
15 Funds
| Unrestricted funds General Unrestricted Restricted funds Big Lottery Fund Total funds Unrestricted funds General Unrestricted Restricted Big Lottery Fund Zurich Community Fund Total restricted funds Total funds |
Balance at 1 April 2023 £ Incoming resources £ Resources expended £ Transfers £ Balance at 31 March 2024 £ 130,899 52,053 (732) 5,159 187,379 27,969 178,975 (201,785) (5,159) - 158,868 231,028 (202,517) - 187,379 Balance at 1 April 2022 £ Incoming resources £ Resources expended £ Balance at 31 March 2023 £ 88,806 42,573 (480) 130,899 32,759 160,126 (164,916) 27,969 - 5,000 (5,000) - 32,759 165,126 (169,916) 27,969 121,565 207,699 (170,396) 158,868 |
Balance at 1 April 2023 £ Incoming resources £ Resources expended £ Transfers £ Balance at 31 March 2024 £ 130,899 52,053 (732) 5,159 187,379 27,969 178,975 (201,785) (5,159) - 158,868 231,028 (202,517) - 187,379 Balance at 1 April 2022 £ Incoming resources £ Resources expended £ Balance at 31 March 2023 £ 88,806 42,573 (480) 130,899 32,759 160,126 (164,916) 27,969 - 5,000 (5,000) - 32,759 165,126 (169,916) 27,969 121,565 207,699 (170,396) 158,868 |
Balance at 31 March 2024 £ 187,379 - |
|---|---|---|---|
| 187,379 | |||
| 27,969 | |||
| 158,868 |
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.
Page 18
Jacob Abraham Foundation
Notes to the Financial Statements for the Year Ended 31 March 2024
16 Analysis of net assets between funds
| 16 Analysis of net assets between funds | |||
|---|---|---|---|
| Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 900 131,055 (1,056) 130,899 |
Unrestricted funds General £ 606 189,526 (2,753) 187,379 Restricted funds £ - 28,739 (770) 27,969 |
Total funds at 31 March 2024 £ 606 189,526 (2,753) |
| 187,379 | |||
| Total funds at 31 March 2023 £ 900 159,794 (1,826) |
|||
| 158,868 |
Page 19